Lake Elsinore City Council
March 25, 2025

Contractor (Bidder) Total Bid Amount

1. Leonida Builders, Inc. $1,199,970.00

2. All American Asphalt $1,288,194.30

3. Aneen Construction Inc. $1,296,718.00

4. Roadway Engineering & Construction $1,299,714.00

5. LC Paving & Sealing Inc $1,488,661.00

6. Wheeler Paving Inc. $1,591,292.78
Fiscal Impact
This Public Works Construction Agreement will result in a cost of $1,199,970.00 plus an additional 10% contingency of $119,970.00. Funding for this project is allocated with the adopted CIP Budget.

Attachments
Attachment 1- Agreement
Exhibit A- Proposal
Attachment 2 - Project Map
Engineering
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Agreement No.Click or tap here to enter text.

AGREEMENT FOR PUBLIC WORKS

CONSTRUCTION
Leonida Builders, Inc.

For the
CIP PROJECT NO. Z10084
SB 821/CDBG NO. 2.LE.84.22 Lakeshore Drive ADA Sidewalk Improvement Project This Agreement for Public Works Construction (“Agreement”) is made and entered into as of March 25, 2025, by and between the City of Lake Elsinore, a municipal corporation (‘‘City”) and Leonida Builders, Inc. (“Contractor”).

The City and Contractor, in consideration of the mutual promises and covenants set forth herein, agree as follows:

1. The Project and Project Documents. Contractor agrees to construct the following public improvements (“work”) identified as:

CIP PROJECT NO. Z10084/CDBG PROJECT NO. 2.LE.84-22
The City-approved plans for the construction of the Project, which are incorporated herein by reference and prepared by Wilson Mikami Corporation are identified as:

SB 821/CDBG NO. 2.LE.84.22 Lakeshore Drive ADA Sidewalk Improvement Project
The Project Documents include this Agreement and all of the following: (1) the Notice Inviting Bids, Instructions to Bidders, Bid Documents including Bidder’s Proposal as submitted by the Contractor, Contract Documents, General Specifications, Special Provisions, and all attachments and appendices; (2) everything referenced in such documents, such as specifications, details, standard plans or drawings and appendices, including all applicable State and Federal requirements; (3) all required bonds, insurance certificates, permits, notices, and affidavits; and (4) any and all addenda or supplemental agreements clarifying, amending or extending the work contemplated as may be required to insure completion in an acceptable manner. All of the provisions of the above-listed documents are made a part of this Agreement as though fully set forth herein.

2. Compensation.
a. For and in consideration of the payments and agreements to be made and performed by City, Contractor agrees to construct the Project, including furnishing all materials and performing all work required for the Project, and to fulfill all other obligations as set forth in the Bidder’s Proposal with a contract amount of One Million One Hundred Ninety Nine Thousand Seven Hundred dollars ($1,199,700). b. City hereby promises and agrees to employ, and does hereby employ, Contractor to provide the materials, do the work, and fulfill the obligations according to the terms and conditions herein contained and referred to, for the prices set forth, and hereby contracts to pay the same at the time, in the manner, and upon the conditions set forth in the Project Documents. c. Contractor agrees to receive and accept the prices set forth in the Bidder’s Proposal as full compensation for furnishing all materials, performing all work, and fulfilling all obligations 3 3
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hereunder. Such compensation shall cover all expenses, losses, damages, and consequences arising out of the nature of work during its progress or prior to its acceptance including those for well and faithfully completing the work and the whole thereof in the manner and time specified in the Project Documents; and also including those arising from actions of the elements, unforeseen difficulties or obstructions encountered in the prosecution of the work, suspension or discontinuance of the work, and all other unknowns or risks of any description connected with the work.

3. Completion of Work.
a. Contractor shall perform all work within Forty (40) working days from the date of commencement specified in the Notice to Proceed and shall complete all work within Forty (40) working days, and shall provide, furnish and pay for all the labor, materials, necessary tools, expendable equipment, and all taxes, utility and transportation services required for construction of the Project. b. All work shall be performed and completed in a good workmanlike manner in strict accordance with the drawings, specifications and all provisions of this Agreement as hereinabove defined and in accordance with applicable laws, codes, regulations, ordinances and any other legal requirements governing the Project.
c. Contractor shall not be excused with respect to the failure to so comply by any act or omission of the City, the Director of Public Works, the City Engineer, a City inspector, or a representative of any of them, unless such act or omission actually prevents the Contractor from fully complying with the requirements of the Project Documents, and unless the Contractor protests at the time of such alleged prevention that the act or omission is preventing the Contractor from fully complying with the Project Documents. Such protest shall not be effective unless reduced to writing and filed with the City within three (3) working days of the date of occurrence of the act or omission preventing the Contractor from fully complying with the Project Documents.
d. City and Contractor recognize that time is of the essence in the performance of this Agreement and further agree that if the work called for under the Agreement is not completed within the time hereinabove specified, damages will be sustained by the City and that, it is and will be impracticable or extremely difficult to ascertain and determine the actual amount of damages the City will sustain in the event of, and by reason of, such delay. It is, therefore, agreed that such damages shall be presumed to be in the amount of One Thousand Dollars ($1,000) per calendar day, and that the Contractor will pay to the City, or City may retain from amounts otherwise payable to Contractor, such amount for each calendar day by which the Contractor fails to complete the work, including corrective items of work, under this Agreement within the time hereinabove specified and as adjusted by any changes to the work.

4. Changes to Work. City and Contractor agree that the City may make changes to the work, or suspend the work, and no matter how many changes, such changes or suspensions are within the contemplation of the Contractor and City and will not be a basis for a compensable delay claim against the City nor be the basis for a liquidated damage claims against the Contractor.

Any change to the work shall be by way of a written instrument (“change order”) signed by the City and the Contractor, stating their agreement to the following:
a. The scope of the change in the work;
b. The amount of the adjustment to the contract price; and c. The extent of the adjustment to the Schedule of Performance.

The Director of Public Works is authorized to sign any change order provided that sufficient contingency funds are available in the City’s approved budget for the Project. All change in the work authorized by the change order shall be performed under the applicable conditions of the Project 4 Documents. City and Contractor shall negotiate in good faith and as expeditiously as possible the appropriate adjustments for such changes.

5. Special Federal Requirements

1. Contractor and Owner do hereby acknowledge that this project will be partially or fully funded with Community Development Block Grant (CDBG) funds [24 CFR 570] and is therefore subject to applicable Federal procurement, labor, environmental, equal opportunity, and other regulations.

2. Contractor shall maintain and keep books and records on a current basis, recording all transactions pertaining to this agreement in a form in accordance with generally acceptable accounting principles. Said books and records shall be made available to the County, the State of California, the Federal government, and to any authorized representative thereof for the purposes of audit at all reasonable times and places. All such books and records shall be retained for such periods of time as required by law, provided, however, notwithstanding any shorter periods of retention, all books, records, and supporting detail shall be retained for a period of at least four (4) years after the expiration of the term of this Agreement.

3.Contractor shall comply with the Davis-Bacon Fair Labor Standards Act (40 U.S.C.A. Section 3141-3148) and the implementation regulations thereof. Contractor shall comply with the U.S.

Department of Housing and Urban Development’s Federal Labor Standards Provisions (HUD 4010). Contractor acknowledges that the applicable Wage Determination for this project is:

General Decision Number: CA 20250025
Modification Number: 1
Date: 01/10/2025

4. Section 3 Compliance: The Contractor hereby acknowledges that this federally-funded project is subject to Section 3 of the Housing and Urban Development Act of 1968 [12 U.S.C. 1701u and 24 CFR Part 75] and agrees to the following:

A. The work to be performed under this contract is subject to the requirements of Section 3 of the Housing and Urban Development Act of 1968, as amended, 12 U.S.C. 1701u (Section 3). The purpose of Section 3 is to ensure that employment and other economic opportunities generated by HUD assistance or HUD-assisted projects covered by Section 3, shall, to the greatest extent feasible, be directed to low- and very low-income persons, particularly persons who are recipients of HUD assistance for housing.

B. The parties to this contract agree to comply with HUD's regulations in 24 CFR Part 75, which implement Section 3. As evidenced by their execution of this contract, the parties to this contract certify that they are under no contractual or other impediment that would prevent them from complying with the Part 75 regulations.

C. The contractor agrees to send to each labor organization or representative of workers with which the contractor has a collective bargaining agreement or other understanding, if any, a notice advising the labor organization or workers' representative of the contractor's commitments under this Section 3 clause, and will post copies of the notice in conspicuous places at the work site where both employees and applicants for training and employment positions can see the notice. The notice shall describe the Section 3 preference, shall set forth minimum number and job titles subject to hire, availability of apprenticeship and training positions, the qualifications for each; and the name and location of the person(s) taking applications for each of the positions; and the anticipated date the work shall begin.

D. The contractor agrees to include this Section 3 clause in every subcontract subject to compliance with regulations in 24 CFR Part 75, and agrees to take appropriate action, as 5 provided in an applicable provision of the subcontract or in this Section 3 clause, upon a finding that the subcontractor is in violation of the regulations in 24 CFR Part 75. The contractor will not subcontract with any subcontractor where the contractor has notice or knowledge that the subcontractor has been found in violation of the regulations in 24 CFR Part 75.

E. The contractor will certify that any vacant employment positions, including training positions, that are filled (1) after the contractor is selected but before the contract is executed, and (2) with persons other than those to whom the regulations of 24 CFR Part 75 require employment opportunities to be directed, were not filled to circumvent the contractor's obligations under 24 CFR Part 75.

F. Noncompliance with HUD's regulations in 24 CFR Part 75 may result in sanctions, termination of this contract for default, and debarment or suspension from future HUD assisted contracts.

G. With respect to work performed in connection with Section 3 covered Indian housing assistance, Section 7(b) of the Indian Self-Determination and Education Assistance Act (25 U.S.C. 450e) also applies to the work to be performed under this contract. Section 7(b) requires that to the greatest extent feasible (i) preference and opportunities for training and employment shall be given to Indians, and (ii) preference in the award of contracts and subcontracts shall be given to Indian organizations and Indian-owned Economic Enterprises. Parties to this contract that are subject to the provisions of Section 3 and Section 7(b) agree to comply with Section 3 to the maximum extent feasible, but not in derogation of compliance with Section7(b).

6. Additional Federal Requirements
Whereas, the work under this Agreement is subject to applicable Federal, State, and local laws and regulations, including but not limited to the regulations pertaining to the Community Development Block Grant program (24 CFR Part 570) and the Uniform Administrative Requirement, Cost Principles, and Audit Requirements for Federal Awards (2 CFR Part 200).

Contractor, sub-contractors, Consultants, and sub-consultants agree to comply with, and are subject to, all applicable requirements as follows:

1.Equal Employment Opportunity - Compliance with Executive Order 11246 of September 24, 1965, entitled "Equal Employment Opportunity", as amended by Executive Order 11375 of October 13, 1967, and as supplemented in Department of Labor regulations (41 CFR Part 60). The Contractor/Consultant will not discriminate against any employee or applicant for employment because of race, color, religion, sex, sexual orientation, general identity or national origin. Contractor/Consultant will ensure that all qualified applicants will receive consideration for employment without regard to race, color, religion, sex sexual orientation, general identity or national origin. The Contractor/Consultant will take affirmative action to ensure that applicants are employed and the employees are treated during employment, without regard to their race color, religion, sex, sexual orientation, general identity or national origin. Such actions shall include, but are not limited to, the following: employment, up-grading, demotion, or transfer; recruitment or recruitment advertising; rates of pay or other forms of compensation; and selection for training, including apprenticeship. The Contractor/Consultant agrees to post in a conspicuous place, available to employees and applicants for employment, notices to be provided by the County setting forth the provisions of this non-discriminating clause.

2.Copeland “Anti-Kickback” Act (18 U.S.C. 874 and 40 U.S.C.A. Section 3145): All contracts and subgrants in excess of $2,000 for construction or repair awarded by recipients and subrecipients shall include a provision for compliance with the Copeland “Anti-Kickback” Act (18 U.S.C. 874), as supplemented by Department of Labor regulations (29 CFR Part 3, “Contractors 6 and Subcontractors on Public Building or Public Work Financed in Whole or in Part by Loans or Grants from the United States”). The Act provides that each contractor or subrecipient shall be prohibited from inducing, by any means, any person employed in the construction, completion, or repair of public work, to give up any part of the compensation to which he is otherwise entitled.

The recipient shall report all suspected or reported violations to HUD.

3. Davis-Bacon Act, as amended (40 U.S.C.A. Section 3141-3148): When required by Federal program legislation, all construction contracts awarded by the recipients and subrecipients of more than $2000 shall include a provision for compliance with the Davis-Bacon Act (40 U.S.C. A. Section 3141-3148) and as supplemented by Department of Labor regulations (29 CFR Part 5, “Labor Standards Provisions Applicable to Contracts Governing Federally Financed and Assisted Construction”). Under the Davis Bacon Act, contractors shall be required to pay wages to laborers and mechanics at a rate not less than the minimum wages specified in a wage determination made by the U.S. Secretary of Labor. In addition, contractors shall be required to pay wages not less than once a week. The recipient shall place a copy of the current prevailing wage determination issued by the U.S. Department of Labor in each solicitation and the award of a contract shall be conditioned upon the acceptance of the wage determination.

The recipient shall report all suspected or reported violations to HUD.

4.Contract Work Hours and Safety Standards Act (40 U.S.CA.. 32701 through 3708):

Where applicable, all contracts awarded by recipients in excess of $2,000 for construction contracts and in excess of $2,500 for other contracts that involve the employment of mechanics or laborers shall include a provision for compliance with the Contract Work Hours and Safety Standards (40 U.S.C.A. 32701–3708), as supplemented by Department of Labor Regulations (29 CFR Part 5). Under Section 40 U.S.C.A. 3702, each contractor shall be required to compute the wages of every mechanic and laborer on the basis of a standard workweek of 40 hours. Work in excess of the standard workweek is permissible provided that the worker is compensated at a rate of not less than 1 1/2 times the basic rate of pay for all hours worked in excess of 40 hours in the workweek. 40 U.S.C.A. 3704of the Act is applicable to construction work and provides that no laborer or mechanic shall be required to work in surroundings or under working conditions which are unsanitary, hazardous or dangerous. These requirements do not apply to the purchases of supplies or materials or articles ordinarily available on the open market, or contracts for transportation or transmission of intelligence.

5. Rights to Inventions Made Under a Contract or Agreement— Contracts or agreements for the performance of experimental, developmental, or research work shall provide for the rights of the Federal Government and the recipient in any resulting invention in accordance with 37 CFR part 401, “Rights to Inventions Made by Nonprofit Organizations and Small Business Firms Under Government Grants, Contracts and Cooperative Agreements,” and any implementing regulations issued by HUD.

6.Rights to Data and Copyrights – Contractors and consultants agree to comply with all applicable provisions pertaining to the use of data and copyrights pursuant to 48 CFR Part

27.404-3, Federal Acquisition Regulations (FAR).

7. Air Pollution Prevention and Control (formally known as the Clean Air Act) (42 U.S.C.A. 7401 et seq.) and the Federal Water Pollution Control Act (33 U.S.C.A. Section 1251 et seq.), as amended:—Contracts and subgrants of amounts in excess of $100,000 shall contain a provision that requires the recipient to agree to comply with all applicable standards, orders or regulations issued pursuant to the Clean Air Act (42 U.S.C. 7401 et seq.) and the Federal Water Pollution Control Act as amended (33 U.S.C.A. 1251 et seq.). Violations shall be reported to HUD and the Regional Office of the Environmental Protection Agency (EPA).

8. Byrd Anti-Lobbying Amendment (31 U.S.C.A. 1352)— Contractors who apply or bid for an award of $100,000 or more shall file the required certification. Each tier certifies to the tier 7 above that it will not and has not used Federal appropriated funds to pay any person or organization for influencing or attempting to influence an officer or employee of any agency, a member of Congress, officer or employee of Congress, or an employee of a member of Congress in connection with obtaining any Federal contract, grant or any other award covered by 31 U.S.C. 1352. Each tier shall also disclose any lobbying with non-Federal funds that takes place in connection with obtaining any Federal award. Such disclosures are forwarded from tier to tier up to the recipient.

9. Debarment and Suspension (Executive Orders (E.O. s) 12549 and 12689)—No contract shall be made to parties listed on the General Services Administration's List of Parties Excluded from Federal Procurement or Nonprocurement Programs in accordance with E.O.s 12549 and 12689, “Debarment and Suspension,” as set forth at 24 CFR part 2424. This list contains the names of parties debarred, suspended, or otherwise excluded by agencies, and contractors declared ineligible under statutory or regulatory authority other than E.O. 12549. Contractors with awards that exceed the small purchase threshold shall provide the required certification regarding its exclusion status and that of its principal employees.

10. Drug-Free Workplace Requirements— The Anti-Drug Abuse Act of 1988 (41 U.S.C.A.

Section 8101-8103)requires grantees (including individuals) of federal agencies, as a prior condition of being awarded a grant, to certify that they will provide drug-free workplaces. Each potential recipient must certify that it will comply with drug-free workplace requirements in accordance with the Act and with HUD's rules at 24 CFR part 2425.

11.Access to Records and Records Retention: The Consultant or Contractor, and any sub- consultants or sub-contractors, shall allow all duly authorized Federal, State, and/or County officials or authorized representatives access to the work area, as well as all books, documents, materials, papers, and records of the Consultant or Contractor, and any sub-consultants or sub- contractors, that are directly pertinent to a specific program for the purpose of making audits, examinations, excerpts, and transcriptions. The Consultant or Contractor, and any sub- consultants or sub-contractors, further agree to maintain and keep such books, documents, materials, papers, and records, on a current basis, recording all transactions pertaining to this agreement in a form in accordance with generally acceptable accounting principles. All such books and records shall be retained for such periods of time as required by law, provided, however, notwithstanding any shorter periods of retention, all books, records, and supporting detail shall be retained for a period of at least four (4) years after the expiration of the term of this Agreement.

12.Federal Employee Benefit Clause: No member of or delegate to the congress of the United States, and no Resident Commissioner shall be admitted to any share or part of this agreement or to any benefit to arise from the same.

13.Energy Efficiency: Mandatory standards and policies relating to energy efficiency which are contained in the State energy conservation plan issued in compliance with the Energy Policy and Conservation Act (Pub. L. 94A 163, Dec. 22, 1975; 42 U.S.C.A. Section 6201, et. seq., 89 Stat. 871).

14.Procurement of Recovered Materials (2 CFR 200.322.) A non-Federal entity that is a state agency or agency of a political subdivision of a state and its contractors must comply with 42 U.S.C. Section 6962 of the Solid Waste Disposal Act (42 U.S.C.A. Section 6901, et seq.), as amended by the Resource Conservation and Recovery Act. The requirements of Section 6002 include procuring only items designated in guidelines of the Environmental Protection Agency (EPA) at 40 CFR part 247 that contain the highest percentage of recovered materials practicable, consistent with maintaining a satisfactory level of competition, where the purchase price of the item exceeds $10,000 or the value of the quantity acquired by the preceding fiscal year exceeded $10,000; procuring solid waste management services in a manner that maximizes energy and 8 resource recovery; and establishing an affirmative procurement program for procurement of recovered materials identified in the EPA guidelines.

15.Build America, Buy America (BABA) Act: The Grantee must comply with the requirements of the Build America, Buy America (BABA) Act, 41 USC 8301 note, and all applicable rules and notices, as may be amended, if applicable to the Grantee’s infrastructure project. Pursuant to HUD’s Notice, “Public Interest Phased Implementation Waiver for FY 2022 and 2023 of Build America, Buy America Provisions as Applied to Recipients of HUD Federal Financial Assistance” (88 FR 17001), any funds obligated by HUD on or after the applicable listed effective dates, are subject to BABA requirements, unless excepted by a waiver.

16. Violence Against Women Act (VAWA): VAWA provides housing protections for survivors of domestic and dating violence, sexual assault and stalking (‘domestic violence”).

VAWA 2022 reauthorizes, amends, and strengthens the VAWA of 1994, as amended (Pub. L. 103-322, tit. IV, sec. 40001-40703; 34 U.S.C. 12291 et seq.) HUD’s implementing regulations for VAWA’S protections, rights, and responsibilities are codified in 24 CFR part 5, subpart L, and related provisions in HUD’s program regulations (HUD’s VAWA regulations). VAWA 2022 amendments took effect on October 1, 2022 and 2022 VAWA’s reauthorization includes new implementation requirements. Grantees, subrecipients and developers shall ensure compliance with all requirements of VAWA including but not limited to: (a) Assure domestic violence survivors are not denied assistance as an applicant, or evicted, or have assistance terminated as a tenant because applicant or tenant is or has been a victim of domestic violence; (b) Implement an emergency transfer plan allowing domestic violence survivor to move to another safe and available unit; (c) Provide protections against denial, terminations, and evictions that directly result from being a victim of domestic violence; (d) Implement a low barrier certification process and allow self-certification of domestic violence.

7. Bonds. Contractor shall provide, before commencing work, a Faithful Performance Bond and a Labor and Material Bond, each for one hundred percent (100%) of the contract price in the form that complies with the Project Documents and is satisfactory to the City Attorney.

8. Non-Assignability. Neither this Agreement nor any rights, title, interest, duties or obligations under this Agreement may be assigned, transferred, conveyed or otherwise disposed of by Contractor without the prior written consent of City.

9. Licenses. Contractor represents and warrants to City that it holds the contractor’s license or licenses set forth in the Project Documents, is registered with the Department of Industrial Relations pursuant to Labor Code Section 1725.5 as of March 1, 2015, and holds such other licenses, permits, qualifications, insurance and approvals of whatsoever nature which are legally required of Contractor.

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

10. Indemnity. Contractor shall indemnify, defend, and hold harmless the City and Riverside County and its officials, officers, employees, agents, and volunteers from and against any and all losses, liability, claims, suits, actions, damages, and causes of action arising out of any personal injury, bodily injury, loss of life, or damage to property, or any violation of any federal, state, or municipal law or ordinance, to the extent caused, in whole or in part, by the willful misconduct or negligent acts or omissions of Contractor or its employees, subcontractors, or agents, by acts for which they could be held strictly liable, or by the quality or character of their work. The foregoing obligation of Contractor shall not apply when (1) the injury, loss of life, damage to property, or violation 9 of law arises from the sole negligence or willful misconduct of the City or its officers, employees, agents, or volunteers and (2) the actions of Contractor or its employees, subcontractor, or agents have contributed in no part to the injury, loss of life, damage to property, or violation of law. It is understood that the duty of Contractor to indemnify and hold harmless includes the duty to defend as set forth in Section 2778 of the California Civil Code. Acceptance by City of insurance certificates and endorsements required under this Agreement does not relieve Contractor from liability under this indemnification and hold harmless clause. This indemnification and hold harmless clause shall apply to any damages or claims for damages whether or not such insurance policies shall have been determined to apply. By execution of this Agreement, Contractor acknowledges and agrees to the provisions of this Section and that it is a material element of consideration.

11. Insurance Requirements.
a. Insurance. Contractor, at Contractor’s own cost and expense, shall procure and maintain, for the duration of the Agreement, unless modified by the City’s Risk Manager, the following insurance policies.
i. Workers’ Compensation Coverage. Contractor shall maintain Workers’ Compensation Insurance and Employer’s Liability Insurance for his/her employees in accordance with the laws of the State of California. In addition, Contractor shall require each subcontractor to similarly maintain Workers’ Compensation Insurance and Employer’s Liability Insurance in accordance with the laws of the State of California for all of the subcontractor’s employees. Any notice of cancellation or non-renewal of all Workers’ Compensation policies must be received by the City at least thirty (30) days prior to such change. The insurer shall agree to waive all rights of subrogation against City, its officers, agents, employees and volunteers for losses arising from work performed by Contractor for City. In the event that Contractor is exempt from Worker’s Compensation Insurance and Employer’s Liability Insurance for his/her employees in accordance with the laws of the State of California, Contractor shall submit to the City a Certificate of Exemption from Workers Compensation Insurance in a form approved by the City Attorney.
ii. General Liability Coverage. Contractor shall maintain commercial general liability insurance in an amount not less than one million dollars ($1,000,000) per occurrence for bodily injury, personal injury and property damage. If a commercial general liability insurance form or other form with a general aggregate limit is used, either the general aggregate limit shall apply separately to the work to be performed under this Agreement or the general aggregate limit shall be at least twice the required occurrence limit. Required commercial general liability coverage shall be at least as broad as Insurance Services Office Commercial General Liability occurrence form CG 0001 (ed. 11/88) or Insurance Services Office form number GL 0002 (ed. 1/73) covering comprehensive General Liability and Insurance Services Office form number GL 0404 covering Broad Form Comprehensive General Liability. No endorsement may be attached limiting the coverage.
iii. Automobile Liability Coverage. Contractor shall maintain automobile liability insurance covering bodily injury and property damage for all activities of the Contractor arising out of or in connection with the work to be performed under this Agreement, including coverage for owned, hired and non-owned vehicles, in an amount of not less than one million dollars ($1,000,000) combined single limit for each occurrence. Automobile liability coverage must be at least as broad as Insurance Services Office Automobile Liability form CA 0001 (ed. 12/90) Code 1 (“any auto”). No endorsement may be attached limiting the coverage. iv. Professional Liability Coverage [if applicable]. Contractor shall maintain professional errors and omissions liability insurance appropriate for Contractor’s profession for protection against claims alleging negligent acts, errors or omissions which may arise from Contractor’s services under this Agreement, whether such services are provided by the 10 Contractor or by its employees, subcontractors, or sub consultants. The amount of this insurance shall not be less than one million dollars ($1,000,000) on a claims-made annual aggregate basis, or a combined single limit per occurrence basis.
b. Endorsements. Each general liability and automobile liability insurance policy shall be with insurers possessing a Best’s rating of no less than A: VII and shall be endorsed with the following specific language:
i. The City and Riverside County, its elected or appointed officers, officials, employees, agents and volunteers are to be covered as additional insured with respect to liability arising out of work performed by or on behalf of the Contractor, including materials, parts or equipment furnished in connection with such work or operations. ii. This policy shall be considered primary insurance as respects the City, its elected or appointed officers, officials, employees, agents and volunteers. Any insurance maintained by the City, including any self-insured retention the City may have, shall be considered excess insurance only and shall not contribute with it. iii. This insurance shall act for each insured and additional insured as though a separate policy had been written for each, except with respect to the limits of liability of the insuring company.
iv. The insurer waives all rights of subrogation against the City, its elected or appointed officers, officials, employees or agents.
v. Any failure to comply with reporting provisions of the policies shall not affect coverage provided to the City, its elected or appointed officers, officials, employees, agents or volunteers.
vi. The insurance provided by this Policy shall not be suspended, voided, canceled, or reduced in coverage or in limits except after thirty (30) days written notice has been received by the City.
c. Deductibles and Self-Insured Retentions. Any deductibles or self-insured retentions must be declared to and approved by the City. At the City’s option, Contractor shall demonstrate financial capability for payment of such deductibles or self-insured retentions. d. Certificates of Insurance. Contractor shall provide certificates of insurance with original endorsements to City as evidence of the insurance coverage required herein. Certificates of such insurance shall be filed with the City on or before commencement of performance of this Agreement.

Current certification of insurance shall be kept on file with the City at all times during the term of this Agreement.

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

If to City: City of Lake Elsinore Attn:

City Manager 130 South
Main Street
Lake Elsinore, CA 92530
11 With a copy to: City of Lake Elsinore
Attn: City Clerk
130 South Main Street Lake
Elsinore, CA 92530
If to Contractor: Leonida Builders, Inc.

Attn: Panagiotis Leonida
32023 Crown Valley Road
Acton, CA 93510

13. Entire Agreement. This Agreement constitutes the complete and exclusive statement of agreement between the City and Contractor. All prior written and oral communications, including correspondence, drafts, memoranda, and representations, are superseded in total by this Agreement.

14. Amendments. This Agreement may be modified or amended only by a written document executed by both Contractor and City and approved as to form by the City Attorney.

15. Assignment and Subcontracting. Contractor shall be fully responsible to City for all acts or omissions of any subcontractors. Assignments of any or all rights, duties or obligations of the Contractor under this Agreement will be permitted only with the express consent of the City. Nothing in this Agreement shall create any contractual relationship between City and any subcontractor nor shall it create any obligation on the part of the City to pay or to see to the payment of any monies due to any such subcontractor other than as otherwise is required by law.

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

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

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

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

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

21. Authority to Enter Agreement and Administration. Contractor has all requisite power and authority to conduct its business and to execute, deliver, and perform the Agreement. Each party warrants that the individuals who have signed this Agreement have the legal power, right, and authority to make this Agreement and to bind each respective party. The City Manager is authorized to enter into an amendment or otherwise take action on behalf of the City to make the following modifications to the 12 Agreement: (a) a name change; (b) grant extensions of time; (c) non-monetary changes in the scope of services; and/or (d) suspend or terminate the Agreement. The Director of Public Works shall act as the Project administrator on behalf of the City.

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

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

24. Prevailing Wages.
a. Contractor and all subcontractors shall adhere to the general prevailing rate of per diem wages as determined and as published by the State Director of the Department of Industrial Relations pursuant to Labor Code Sections 1770, 1773, and 1773.2. Copies of these rates and the latest revisions thereto are on file in the office of the City Clerk of the City of Lake Elsinore and are available for review upon request.
b. Contractor’s attention is directed to the provisions of Labor Code Sections 1774, 1775, 1776, 1777.5 and 1777.6. Contractor shall comply with the provisions of these Sections. The statutory provisions for penalties for failure to comply with the State’s wage and the hours laws will be enforced. c. Labor Code Sections 1774 and 1775 require the Contractor and all subcontractors to pay not less than the prevailing wage rates to all workmen employed in the execution of the contract and specify forfeitures and penalties for failure to do so. The minimum wages to be paid are those determined by the State Director of the Department of Industrial Relations. Labor Code Section 1776 requires the Contractor and all subcontractors to keep accurate payroll records, specifies the contents thereof, their inspection and duplication procedures and certain notices required of the Contractor pertaining to their location. The statutory penalties for failure to pay prevailing wages will be enforced. If the Project has been awarded to Contractor on or after April 1, 2015, Contractor and its subcontractors must furnish electronic certified payroll records to the Labor Commissioner. Beginning January 1, 2016, Contractor and its subcontractors must furnish electronic certified payroll records to the Labor Commissioner without regard to when the Project was awarded to Contractor. d. Labor Code Section 1777.5 requires Contractor or subcontractor employing tradesmen in any apprenticeable occupation to apply to the Joint Apprenticeship Committee nearest the site of the public works project, which administers the apprenticeship program in that trade for a certificate of approval. The certificate will also fix the ratio of apprentices to journeymen to be used in the performance of the Agreement. The Contractor is required to make contributions to funds established for the administration of apprenticeship programs if the Contractor employs registered apprentices or journeymen in any apprenticeable trade and if other contractors on the public works site are making such contributions. Information relative to apprenticeship standards, contributions, wage schedules and other requirements may be obtained from the State Director of Industrial Relations or from the Division of Apprenticeship Standards. Labor Code Section 1777.6 provides that it shall be unlawful to refuse to 13 accept otherwise qualified employees as registered apprentices solely on the grounds of race, religious creed, color, national origin, ancestry, sex, or age.
e. Eight hours labor constitutes a legal day's work, as set forth in Labor Code Section 1810.

25. Execution. This Agreement may be executed in several counterparts, each of which shall constitute one and the same instrument and shall become binding upon the parties when at least one copy hereof shall have been signed by both parties hereto. In approving this Agreement, it shall not be necessary to produce or account for more than one such counterpart. [Signatures on next page]
14 IN WITNESS WHEREOF, the parties have caused this Agreement to be executed on the date first written above.
“CITY”
CITY OF LAKE ELSINORE, a municipal
corporation
“CONTRACTOR”
Leonida Builders, Inc., a Corporation
City Manager
ATTEST:

By: Panagiotis Leonida
Its: President
City Clerk
APPROVED AS TO FORM:

City Attorney
Assistant City Manager

$25,000.00

$5,000.00

$3,000.00

$8,000.00

$18,000.00

$8,000.00
$15,000.00

$1.00

$3.00

$10.00

$5.00

$6.00

$40.00

$40.00

$55.00

$292.00

$65.00

$292.00
25,000.00
5,000.00
3,000.00
8,000.00
18,000.00
8,000.00
15,000.00
30,960.00
4,470.00
120.00
1,525.00
780.00
4,000.00
36,000.00
44,000.00
28,616.00
5,005.00
127,020.00
$292.00
$292.00

$4.00

$39.00

$50.00

$50.00

$40.00

$10.00

$8,000.00

$7,000.00

$1,000.00

$8,000.00

$12,000.00

$90.00

$500.00

$700.00

$8.00

$400.00

$10,000.00

$3,000.00

$500.00
36,208.00
14,016.00
29,908.00
234,702.00
2,650.00
6,750.00
1,440.00
242,710.00
8,000.00
98,000.00
15,000.00
16,000.00
24,000.00
62,100.00
500.00
12,600.00
920.00
15,200.00
10,000.00
3,000.00
1,500.00
1,199,700.00
One million one hundred ninety nine thousand seven hundred dollars and zero cents

Hardy & Harper, Inc.
320 RANCH CIRCLE LAKE FOREST CA 92630
Lines- 1, 16, 18, 19, 21, 23, and 24 re Asphalt Concrete, coldmill & overlay, curb, and dike 215952 / 1000000076

HARDY & HARPER INC
Asphalt
No
250,259.00

HARDY & HARPER INC
250,259.00

18) Amendment No. 1 to the Professional Services Agreement with Chen Ryan Associates for the Murrieta Creek Multi- use Trail Project Approve and authorize the City Manager to execute Amendment No. 1 to the Professional Services Agreement with Chen Ryan Associates in the amount of $ 35,700. 00 plus a 10% contingency for additional services to complete additional environmental surveys, bid support, and right of way services for the Murrieta Creek Multi- use Trail Project for a total contract amount not to exceed $ 601, 643. 83, in such final form as approved by City Attorney.

REPORT TO CITY COUNCIL
To: Honorable Mayor and Members of the City Council
From: Jason Simpson, City Manager
Prepared by: Remon Habib, City Engineer
Date: March 25, 2025
Subject: Amendment No. 1 to the Professional Services Agreement with Chen Ryan Associates for the Murrieta Creek Multi- use Trail Project Recommendation
Approve and authorize the City Manager to execute Amendment No. 1 to the Professional Services Agreement with Chen Ryan Associates in the amount of $ 35, 700. 00 plus a 10% contingency for additional services to complete additional environmental surveys, bid support, and right of way services for the Murrieta Creek Multi- use Trail Project for a total contract amount not to exceed $ 601, 643. 83, in such final form as approved by City Attorney.

Background
The Murrieta Creek Trail is a multi- jurisdiction, active transportation trail that is consistent with the City’s General Plan and Eastlake Specific Plan adopted in 2017. The proposed Murrieta Creek Multi- Use Trail would extend between Skylark Drive and the Lake Levee Trail. The City is under contract with Chen Ryan Associates ( CRA) to prepare the Plans, Specifications, and Estimate PS& E) and right of way phases for the project.

Discussion
The following are tasks warranted in the additional scope:

Crotch’s Bumble Bee Habitat Assessment – Conduct habitat assessment for Crotch’s bumble bee ( Bombus crotchii) to identify areas with the highest concentration of floral resources with impact area. Preparation of Habitat Mapping and GIS habitat mapping for California Department of Fish and Wildlife review and approval.

Chen Ryan Associates Amendment No. 1 - MCT

Right of way support – Due to unforeseen changes in ownership for two parcel acquisitions, additional efforts are required to prepare documentation and coordinate with property owners.

Bid and construction support – Support the City during the bid period and prepare record drawings at the conclusion of construction.

Fiscal Impact
The additional professional services have been programmed in the CIP.

Attachments
Attachment 1 - Amendment No. 1
Exhibit A – Proposal
Attachment 2 - Original Agreement
Engineering
3 8
6 4
7 AMENDMENT NO. 1

TO AGREEMENT FOR PROFESSIONAL SERVICES
Chen Ryan Associates
Engineering Construction Documents PS& E Phase
This Amendment No. 1 to Agreement for Professional Services is made and entered into as of 3/25/2025, by and between the City of Lake Elsinore, a municipal corporation (“ City), and Chen Ryan Associates, Inc., a Corporation (“ Consultant”).

RECITALS
A. The City and Consultant have entered into that certain Agreement for Professional Services dated as of 9/27/2022, ( the “ Original Agreement”). Except as otherwise defined herein, all capitalized terms used herein shall have the meanings set forth for such terms in the Original Agreement.

B. The Original Agreement provided for compensation to Consultant in an amount of Five Hundred Sixty Five Nine Hundred Forty Three dollars and Eighty Three Cents ($ 565, 943. 83).

C. The parties now desire to amend the scope of services and increase the payment for such services as set forth in this Amendment No 1.

NOW, THEREFORE, in consideration of the mutual covenants and conditions set forth herein, City and Consultant agree as follows:

1. Section 1, Scope of Services, of the Original Agreement is hereby amended to add the following:

Consultant shall also perform the services described in Consultant’s 3/12/2025 Proposal ( attached to this Amendment No. 1 as Exhibit A).

Consultant shall provide such services at the time, place, and in the manner specified in Exhibit A, subject to the direction of the City through its staff that it may provide from time to time.

2. Section 3, Compensation, of the Original Agreement is hereby amended to read in its entirety as follows:

Compensation to be paid to Consultant shall be in accordance with the fees set forth in Consultant’s Proposal ( Exhibit A to the Original Agreement) and Consultant’s 3/12/2025 Proposal ( Exhibit A to Amendment No. 1).

In no event shall Consultant’s compensation related to Exhibit A to the Original Agreement exceed Five Hundred Sixty Five Nine Hundred Forty Three dollars and Eighty Three cents ($ 565, 943. 83) without additional written authorization from the City. In no event shall Consultant’ s compensation related to Exhibit A to Amendment No. 1 exceed Thirty Five Thousand Seven Hundred dollars ($ 35,700. 00). Total compensation shall not exceed Six Hundred one thousand six hundred forty three dollars and eighty three cents ($ 601, 643. 83).
3 8
6 4
7 Notwithstanding any provision of Consultant’s Proposal to the contrary, out of pocket expenses set forth in Exhibit A respectively, shall be reimbursed at cost without an inflator or administrative charge. Payment by City under this Agreement shall not be deemed a waiver of defects, even if such defects were known to the City at the time of payment.

3. Except for the changes specifically set forth herein, all other terms and conditions of the Original Agreement shall remain in full force and effect.

IN WITNESS WHEREOF, the parties have caused this Amendment No. 1 to be executed on the respective dates set forth below.

CITY”
CITY OF LAKE ELSINORE, a municipal
corporation
CONSULTANT”
Chen Ryan Associates, Inc., a corporation
City Manager
Date:

Monique Chen, Principal In-Charge
Date: __
ATTEST:

City Clerk
APPROVED AS TO FORM:

City Attorney
Assistant City Manager
Attachments: Exhibit A – Consultant’s Proposal

EXHIBIT A
CONSULTANT’ S PROPOSAL
ATTACHED]
1 March 12, 2025
Yu Tagai
Senior Civil Engineer
Re: Murrieta Creek Trail PS& E Project Amendment # 1
Dear Mr. Tagai,
We thank you for your consideration of this amendment request to provide continued professional services to the City of Lake Elsinore ( the “ Client” or “ City”) for the Murrieta Creek Trail project “ the Project”.

Project Understanding
CR Associates (“ CRA”) and the City of Lake Elsinore entered into an Agreement for Professional Services for the Project on September 30, 2022 which will be amended to perform the following scope of services.

Through collaboration with City staff during the development of the PS& E, the Project will require the following amended services.

Additional Scope of Services
Task 5 Right- of- Way Support
Task 5. 4 – Offer Package Preparation and Property Rights Acquisition/ Negotiations The CRA team will prepare Just Compensation documents and perform coordination as required due to the change in ownership for parcels 370- 120- 063 and 371- 100- 020, respectively.

Deliverables: Just Compensation document (. pdf)
Task 6 Environmental Support
Task 6. 12 – Crotch’ s Bumble Bee Habitat Assessment
The CRA team will conduct a habitat assessment for the Crotch’ s bumble bee ( Bombus crotchii), via vegetation mapping using the Manual of California Vegetation communities. The habitat assessment will be conducted to identify areas with the highest concentration of floral resources within the impact area.

The habitat assessment is assumed to be completed in a single day.

Following the habitat assessment, the CRA team will prepare a Habitat Mapping Report documenting the baseline habitat and species composition, as well as a map and GIS files of the habitat mapping. This task assumes one ( 1) round of minor revisions from the City prior to submittal to the California Department of Fish and Wildlife ( CDFW) and one ( 1) round of minor revisions and comments from CDFW. If additional rounds of comments or substantial revisions are requested, additional authorization may be required. The report will be submitted electronically to CDFW no less than 120 days prior to initiation of activities within CDFW jurisdiction.
2 If the habitat assessment identifies the presence of suitable habitat, the CRA team will prepare and submit a survey plan for Crotch’ s bumble bee to CDFW for review and comment. Prior to preparation of the draft survey plan, the CRA team will submit the name and qualifications of the proposed qualified biologist( s) to CDFW for approval.

The survey plan will identify the timing, number, and duration of survey efforts, and procedures to follow, should Crotch’ s bumble bee be detected within the project area. This task assumes one ( 1) round of minor revisions and comments from CDFW. If additional rounds of comments or substantial revisions are requested, additional authorization may be required. The plan will be submitted electronically to CDFW no less than 90 days prior to initiation of activities within CDFW jurisdiction.

If the habitat assessment identifies the presence of suitable habitat, the CRA team will complete protocol- level surveys of the impact area for the Crotch’ s bumble bee following the Rusty Patched bumble bee survey guidelines issued by U. S. Fish and Wildlife, titled Survey Protocols for the Rusty Patched Bumble Bee ( Bombus affinis) and dated April 12, 2019, as required by the project Streambed Alteration Agreement.
the CRA team will conduct four ( 4) field surveys of the impact areas during the appropriate season, between February 1 and October 31. Each survey will be spaced between two ( 2) and four ( 4) weeks apart.

Bumble bee species observed during the survey will be identified but will not be captured or handled to avoid potential take. If a Crotch’ s bumble bee is detected or suspected, the location and observation details will be documented, including photographs. Dr. Douglas Yanega, University of California, Riverside bumble bee expert, will confirm species identification for non- capture photos as a subconsultant to the CRA team. Each survey is assumed to be completed in a single day. A stand- alone report of findings will be prepared to document the survey effort. This task assumes one ( 1) round of minor revisions and comments from CDFW. If additional rounds of comments or substantial revisions are requested, additional authorization may be required. This task does not include collecting additional information or revising survey methods, if requested by CDFW. The survey results report will be submitted electronically to CDFW within 30 days of completion of the survey efforts and no less than 30 days prior to initiation of activities within CDFW jurisdiction.

Deliverables: Draft and Final Habitat Mapping Report, Survey Plan, Survey Field Report (. pdf) Task 7 Bid and Construction Period Support
Task 7. 1 – Bid Period Support
The CRA team will support the City during the bid period as requested and to the extent budgeted. Support services may include attendance at a pre- bid meeting, review of RFI’s, and assistance in preparing bid addenda. Up to twenty ( 20) hours have been budgeted for this task.

Task 7. 2 – Record Drawings
Following the conclusion of construction, based on a consolidated, red- lined plan set provided by the City, the CRA team will update the Final Plans to reflect the as- built condition. 3 Anticipated Project Schedule
We will provide our services as expeditiously as practicable to meet a mutually agreed upon schedule.

Additional Services
Any services not specifically described in the above scope, as well as any changes in the scope the Client requests, will be considered Additional Services and will be performed at our then- current hourly rates.

Additional services we can provide include, but are not limited to, the following:

Providing any other services not expressly included in this Scope of Services Services during bid and construction
Preparation of technical studies and design plans not included in this Scope of Services Payment of any agency fees
Endowment fund management and coordination
Protective instrument coordination
Implementation and/ or maintenance of mitigation measures Fee and Billing
CRA will perform the scope of services outlined above in accordance with the payment method described in the approved Agreement for Professional Services. Fees will be invoiced monthly based upon the percentage of services performed as of the invoice date.

Task 5. 4 Right- of- Way Support……………………………………………$ 3, 000 Task 6. 12A Crotch’ s Bumble Bee Habitat Assessment…………$ 6, 500 Task 6. 12B Crotch’ s Bumble Bee Survey Plan and Surveys….$ 17, 200 Task 7. 1 Bid Period Support………………………………………………..$ 4, 000 Task 7. 2 Record Drawings……………………………………………………$ 5, 000
Total amount additional funds requested…..………………………$ 35, 700

AGREEMENTFORPROFESSIONALSERVICES
Chen Ryan Associates
Engineering Construction Documents PS&E Phase
This Agreement for Professional Services (the “Agreement”) is made and entered into as of September 27, 2022, by and between the City of Lake Elsinore, a municipal corporation (‘‘City") and Chen Ryan Associates Inc., a Corporation ("Consultant").

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

Engineering Construction Documents PS&E Phase
B. Consultant has submitted to City a proposal, dated September 2, 2022, attached hereto as Exhibit A (“Consultant’s Proposal”) and incorporated herein, to provide professional services to City pursuant to the terms of this Agreement.

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

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

AGREEMENT

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

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

DocuSign Envelope ID: 91A88BF1- DF5A- 43DD- A8CD- 007A0D54C5D7

c. Term. The term of this Agreement shall commence upon execution of this Agreement and shall continue until the services and related work are completed in accordance with the Consultant’s Proposal (Exhibit A).

3. Compensation. Compensation to be paid to Consultant shall be in accordance with the fees set forth in Consultants’ Proposal ( Exhibit A), which is attached hereto and incorporated herein by reference. In no event shall Consultant’s compensation exceed Five Hundred Sixty-Five Thousand Nine Hundred Forty-Three dollars and Eighty-Three cents 565,943.83) without additional written authorization from the City. Notwithstanding any provision of Consultant’s Proposal to the contrary, out of pocket expenses set forth in Exhibit A shall be reimbursed at cost without an inflator or administrative charge. Payment by City under this Agreement shall not be deemed a waiver of defects, even if such defects were known to the City at the time of payment.

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

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

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

DocuSign Envelope ID: 91A88BF1- DF5A- 43DD- A8CD- 007A0D54C5D7

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

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

DocuSign Envelope ID: 91A88BF1- DF5A- 43DD- A8CD- 007A0D54C5D7

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

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

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

11. Interests of Consultant. Consultant ( including principals, associates and professional employees) covenants and represents that it does not now have any investment or interest in real property and shall not acquire any interest, direct or indirect, in the area covered DocuSign Envelope ID: 91A88BF1- DF5A- 43DD- A8CD- 007A0D54C5D7

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

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

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

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

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

15. Indemnity. Consultant shall indemnify, defend, and hold harmless the City and all of its officials, officers, employees, agents, and volunteers from and against any and all losses, liability, damages, claims, suits, actions, costs and expenses including attorney’s fees, and causes of action arising out of any personal injury, bodily injury, loss of life, or damage to property, or any violation of any federal, state, or municipal law or ordinance, to the extent caused, in whole or in part, by the willful misconduct or negligent acts or omissions of Consultant or its employees, subcontractors, or agents, by acts for which they could be held strictly liable, or by the quality or character of their work. The foregoing obligation of Consultant shall not apply when (1) the injury, DocuSign Envelope ID: 91A88BF1- DF5A- 43DD- A8CD- 007A0D54C5D7

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

By execution of this Agreement, Consultant acknowledges and agrees to the provisions of this Section and that it is a material element of consideration.

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

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

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

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

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

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

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

If to City: City of Lake Elsinore
Attn: City Manager
130 South Main Street
Lake Elsinore, CA 92530
With a copy to: City of Lake Elsinore
Attn: City Clerk
130 South Main Street
Lake Elsinore, CA 92530
If to Consultant: Chen Ryan Associates, Inc.

Attn: Monique Chen, Principal In-Charge
3900 Fifth Avenue, Ste 310
San Diego, CA 92103

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

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

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

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

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

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

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

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

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

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

27. Authority to Enter Agreement. Consultant has all requisite power and authority to conduct its business and to execute, deliver, and perform the Agreement. Each party warrants that the individuals who have signed this Agreement have the legal power, right, and authority to DocuSign Envelope ID: 91A88BF1- DF5A- 43DD- A8CD- 007A0D54C5D7

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

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

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

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

Signatures on next page]
DocuSign Envelope ID: 91A88BF1- DF5A- 43DD- A8CD- 007A0D54C5D7

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed on the date first written above.

CITY”
CITY OF LAKE ELSINORE, a municipal
corporation
City Manager
ATTEST:

City Clerk
APPROVED AS TO FORM:

City Attorney
Assistant City Manager
CONSULTANT”
Chen Ryan Associates, Inc., a Corporation
By: Monique Chen
Its: Principal In-Charge
Attachments: Exhibit A – Consultant’s Proposal
Exhibit B – List of Subcontractors
DocuSign Envelope ID: 91A88BF1- DF5A- 43DD- A8CD- 007A0D54C5D7 9/ 28/ 2022 | 4: 56 PM PDT
9/ 28/ 2022 | 6: 45 PM PDT
9/ 30/ 2022 | 5: 07 PMPDT9/30/ 2022 | 5: 36 PM PDT
10/ 2/ 2022 | 8: 25 PM PDT

EXHIBIT A

EXHIBIT A
CONSULTANT’S PROPOSAL
ATTACHED]
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SCOPE OF WORK
CR Associates and our teaming partners (“ the Consultant”) will develop engineering construction documents to support the proposed project. It is understood that the Plans, Specifications, and Estimate PS& E) phase will build directly upon the preliminary design and environmental analysis developed during the Project Alignment and Environmental Document ( PA/ ED) phase. It is assumed that the trail alignment will not deviate from the PA/ ED alignment and that the environmental and private parcel impacts described in the PA/ ED documentation will be unchanged – with the exception of between Stoneman Street and Skylark Drive. It is assumed that all environmental mitigation will be done through the purchase of credits at a mitigation bank. It is also assumed that the project will be exempt from flood control requirements and that FEMA map revisions will not be required.

Scope of Services
Task 1 – Project Management and Meetings
CR Associates ( CRA) will perform project management and administration services consisting of invoicing ( with associated back up), monitoring progress against budget, and overall quality assurance QA) throughout the project duration, assumed to be twelve months. Specific quality control ( QC) efforts for each deliverable document are included in the task covering that document.

CRA will prepare contracts for required Subconsultant services. This task will also consist of: monitoring Subconsultant progress against budget and schedule, reviewing monthly Subconsultant invoices and associated back up.

CRA will attend virtual meetings as identified herein. Meetings in this Scope of Services are as follows:

Kick- off Meeting with City Staff
Monthly Meetings with City Staff ( up to 12)
CRA will spend time each month coordinating with City staff via email and telephone.

As requested, CRA will assist City staff with presenting to the City’ s Planning Commission and/ or City Council. It is assumed that up to two ( 2) total presentations may be performed.

Task 1 – Deliverables:

Schedule ( PDF format)
A typed summary for each meeting ( PDF format)
Action Item Matrix for monthly meetings ( Excel format) Task 2 – Construction Documents, Specifications, and Estimate ( PS& E) ( 75% and 100%) Task 2. 1 – Field Walk
The Consultant will schedule and attend one ( 1) field walk with City staff to review the project location and to observe readily visible existing conditions and facilities.

September 2, 2022
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Task 2. 2 – Construction Plans
Based on the final 30% Preliminary Engineering design, the Consultant will prepare 75% and 100% mylar) construction documents for City review and comment. The design will be based on the following standards: City of Lake Elsinore Design Standards, Riverside County Regional Standards, and the 2014 California Manual on Uniform Traffic Control Devices ( CA- MUTCD). The design will consist of the following sheets:

Cover Sheet, ( 1 Sheet)
General Notes Sheet, ( 1 Sheet)
Construction Details, ( 2 Sheets)
Trail Plan and Profile, 1” = 40’ Scale ( 9 Sheets)
Utility Protection / Relocation Plan, 1” = 80’ Scale ( 2 Sheets) Landscape Notes and Details, ( 2 Sheets)
Landscape Plans, 1” = 40’ scale ( 4 Sheets)
Temporary Irrigation Notes and Details, ( 2 Sheets)
Temporary Irrigation Plans, 1” = 40’ scale ( 4 Sheets)
Fencing and Signage Notes and Details, ( 2 Sheets)
Fencing and Signage Plan, 1” = 40’ scale ( 4 Sheets)
Wayfinding Notes and Details, ( 2 Sheets)
Structural Engineering Notes and Details, ( 2 Sheets)
Construction Access and Fencing Plan ( 2 Sheets)
Trail Cross Sections ( taken at approximate 100’ intervals), 1” = 40’ horiz | 1” = 8’ vert, ( 4 Sheets) It is assumed that the Construction Plans will be permitted only through the City of Lake Elsinore and the Elsinore Valley Municipal Water District ( EVMWD). Environmental resource agency permitting will be performed as part of Task 6.

Additional information for select plan sheet types are as follows:

Structural Engineering Notes and Details
Structural engineering notes, details, and supporting calculations will be prepared for the following items:
abutment foundations for the prefabricated bridge ( assumed pedestrian and light vehicular loading), retaining wall, vehicle access gate foundations, wood fencing foundations, signage poles and foundations, and kiosk foundation. The structural design will be based on the 2019 California Building Code. It is assumed that only the design intent for the vehicle access gate, wood fencing, and kiosk will be shown on the Construction Plans, and that these project elements will require deferred submittals prepared by the Contractor.

Construction Access and Construction Fencing Plan
CRA will prepare a Construction Access and Construction Fencing Plan to identify allowable construction accessways ( assumed to be a combination of the Levee Trail, Stoneman Street, and Skylark Drive) and storage and laydown areas for the Contractor. The plan will be prepared at a large scale ( 1”= 200’ for example) over Near- map aerial imagery and will portray the proposed trail alignment along with general notes and callouts regarding how/ when the Contractor may access the construction zone. The plan will also provide general information regarding construction fencing requirements near sensitive habitats. It is assumed that the Contractor will be required to prepare detailed traffic control plans for review and approval by the City prior to construction.

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Task 2. 3 Drainage Report
A Drainage Report will be prepared for the project to analyze and size the proposed drainage infrastructure. The drainage report will include the following sections: Introduction, methodology, hydrologic and hydraulic analysis, and conclusions/ recommendations. The report will be prepared in accordance with the City’ s standard for the preparation of drainage studies in effect at the time of execution of this contract. Although the project is expected to result in an increase in impervious area and an associated increase in peak flow rate, mitigation ( detention) is assumed to be unwarranted since the project drains directly to the back basin and portions of the project are within the floodplain.

Task 2. 4– Opinion of Probable Construction Cost ( OPCC) The Consultant will prepare an OPCC as part of each PS& E submittal. The OPCC will be presented to show the proposed bid items, unit prices, contingencies, and an overall cost.

Task 2. 5 – Technical Special Provisions
The Consultant will prepare Technical Special Provisions as part of each PS& E submittal. The Technical Special Provisions will be prepared in 2021 “ Greenbook” format. The Consultant will also utilize City provided special provisions as necessary. Additional source documents may be used by the Consultant for project features not covered by the City special provisions or Greenbook. It is assumed the City will prepare the Upfront Special Provisions and provide a template for the Technical Special Provisions.

Task 2. 6 – Geotechnical Investigation
The Consultant will perform site exploration by advancing up to four ( 4) exploratory borings along the trail alignment. It is anticipated that two ( 2) borings, to a depth of 25 feet, will be made in the vicinity of the proposed retaining wall, and one ( 1) boring, to a depth of 50 feet, will be made on each side of the proposed bridge. The borings will be drilled with truck- mounted hollow- stem auger drilling equipment to the target depths or to practical refusal, whichever is first encountered.

Representative soil samples will be collected for laboratory analysis. Laboratory analysis is anticipated to include unit weight, moisture content, sieve analysis, plastic index, consolidation, direct shear strength, maximum density, optimum moisture content, corrosivity, and R-value.

Based on the field exploration and laboratory analysis, a draft and final Geotechnical Investigation report will be prepared. The report will include the following: site geology, surface conditions, subsurface conditions, groundwater, seismicity and seismic hazards, scour, corrosion, foundations, retaining wall, embankment fills, temporary slopes and excavations, lateral earth pressure, and general grading and earthwork.

It is assumed that no encroachment permit( s) or fees will be required to perform the field exploration, and that adequate site access will be provided by the City.

It is further assumed that the geotechnical exploration will not occur during the avian breeding season January 15th through September 15th) and will occur in non- sensitive areas that do not require additional environmental permitting and resource agency coordination. As such, no pre- construction nesting bird surveys and/ or biological monitoring are included. Similarly, it is assumed that no archeological and/ or Native American monitoring during the geotechnical exploration will be required.

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Task 2 – Deliverables:

Construction Plans ( 24” x36”) ( PDF format)
Draft and Final Drainage Report ( PDF format)
OPCC ( PDF format)
Technical Specifications ( Word format)
Draft and Final Geotechnical Report ( PDF format)
Task 3 – Transportation Project Guidance Document
CRA will prepare a Transportation Project Guidance Document in accordance with the Riverside County Santa Ana Region MS4 Permit. The report will document the implementation of LID principles and BMPs to the extent practicable. It is assumed this project will be considered Category 4 since it is a new Class I bikeway.

Task 3 – Deliverables:

Draft and Final Transportation Guidance Document ( PDF format) Task 4 – Agency and Utility Coordination
Task 4. 1 – Coordination with Agencies and Utilities
The Consultant will submit the 75% and 100% plans developed under Task 2 for conflict check to the utility providers located in the project area. These are assumed to be: EVMWD, Crown Castle, SoCal Edison, Frontier Communications, Spectrum, and SoCal Gas. The Consultant will attend up to three ( 3) virtual meetings with utility provider staff to coordinate the conflict review( s). It is assumed that any required utility relocations will be shown on a Utility Relocation Plan sheet within the construction documents developed under Task 2. It is assumed that utility impacts will be limited to one ( 1) EVMWD fire hydrant relocation and EVWMD sanitary sewer manhole adjustments to grade.

Task 4. 2 – Utility Certifications
The Consultant will prepare a Caltrans Utility Certification Liability Package for the project. It is anticipated that this package will include Notice to Owners, Utility Agreements ( if necessary), Utility Relocation Plans ( if necessary), and Reports of Investigation.

Task 4 - Deliverables:

Caltrans Utility Certification Liability Package
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Task 5 – Right- of- Way Support
The Consultant will provide the City with right- of- way support services to assist in securing right- of- way actions from these four ( 4) properties.

APN Owner Full or Partial Acquisition TCE
371- 100- 020 Phyllis L Partial Yes
371- 100- 003 Tsun Full No
370- 120- 001 NP Lake Elsinore Commerce, LLC Partial Yes 370- 120- 063 Recently sold by Prebble Partial Yes
It is understood that the trail will not be located within the EVMWD sanitary sewer easement between Stoneman Street and Skylark Drive.

Task 5. 1 – Property Owner Outreach ( Project Introduction Letters) The Consultant will prepare a “ Project Introduction Letter” based on a provided City template for each of the four ( 4) affected properties. The draft letters will be provided to the City for review and comment.

The Consultant will mail the final version of each letter to each of the affected properties.

Task 5. 2 – Legal Description, Plat Maps, and Title Reports The Consultant will prepare up to four ( 4) plat map and legal descriptions to support the proposed right- of- way acquisitions. The Consultant will obtain preliminary title reports for each of the four ( 4) affected properties. The Consultant will review these documents to verify ownership and identify incumbrances.

Prior to preparing the plat maps and legal descriptions, the Consultant will prepare up to one ( 1) revision to the previously prepared private property acquisition maps for City review and approval.

Task 5. 3 – Appraisal Coordination
The Consultant will prepare estimates and opinions of value for the affected properties and will prepare one ( 1) appraisal report for each. The appraisals will conform to the Uniform Standards of Professional Appraisal Practice ( USPAP), the Appraisal Institute’ s Code of Ethics, and federal policies and regulations, where applicable. Additionally, the Consultant will coordinate with a third- party appraiser to complete an independent appraisal review.

Assumptions:

Appraisals will not be required for the EVMWD sanitary sewer easement.

Appraisal summary statements will be provided for each appraisal.

Appraisals will only evaluate land value and assumes no damages to property improvements.

It is assumed that Phase II Site Assessments will not be required.

It is assumed that the appraisal reviews will not be conducted as desk reviews.

Task 5. 4 – Offer Package Preparation and Property Rights Acquisitions/ Negotiations The Consultant will perform acquisition negotiation services to acquire rights to the four ( 4) impacted properties. The Consultant will assist the City in developing right- of- way documents in accordance with the City’ s right- of- way procedures manual. The Consultant will draft the acquisition documents using City- approved forms for pre- acquisition review prior to offers being made to the property owners. It is assumed each negotiation will start with an in- person presentation of the purchase offer, if feasible.

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The Consultant will make note of communicated property owner issues, concerns, and differences, and will document that information in the individual parcel negotiation diary. The Consultant will work with City staff throughout the negotiation process until settlement is reached.

As part of this task, the Consultant will:

Prepare offer letters, summary statements, and a list of compensable items, in accordance with state or federal regulations.

Present a written purchase offer to each owner or their representative.

Communicate and negotiate with each property owner.

Prepare and assemble acquisition contracts, deeds, and related acquisition documents required for the acquisition of the necessary property interests.

Prepare impasse letters, as needed.

Provide the necessary documents and diary logs for litigation support in the event an acquisition is unable to be settled via voluntary means.

Transmit closed acquisition documents to the City.

The Consultant will perform quality assurance to ensure that the acquisition files adhere to local, state, and federal laws and regulations, as well as being compliant with federal Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 ( URA) requirements.

Assumptions:

The four ( 4) affected properties will be acquired within twelve months from notice to proceed.

Relocation assistance will not be required and would only be provided as an additional service.

Eminent domain support assumes that impasse letters, copies, and owner files and diaries will be provided to the City’ s attorney. Additional eminent domain services, including but not limited to deposition, court testimony, and providing expert witness services will not be required and would only be provided as an additional service.

Task 5. 5 – Escrow Coordination ( Optional Scope)
If authorized by the City, the Consultant will assist with obtaining signatures on agreement documents and process property owner payments through the City for closings. Once the acquisition agreement( s) signatures are obtained from the property owner and the City, the Consultant will open escrow with the City’ s preferred escrow company. The Consultant will oversee escrow instructions and will deliver them to the City for approval. The Consultant will coordinate payment between the Grantor, City, and the Escrow Company. Additionally, the Consultant will assist in obtaining signatures on other necessary documentation such as grant deeds and temporary construction easement deeds to convey title.

Task 5. 6 – Caltrans Right- of- Way Certification
The Consultant will assist the City in obtaining right- of- way approval or certification documenting that real property interests have been secured and that the right- of- way activities were conducted in accordance with the applicable policies and procedures. During this process, the Consultant will coordinate and attend certification planning activities, and meet with the City and project stakeholders to determine project requirements. The Consultant will prepare the Caltrans certification submittal package that will contain the certification form and the necessary completed backup documents. This is assumed to generally include deeds, resolutions of necessity, final orders of condemnation, access DocuSign Envelope ID: 91A88BF1- DF5A- 43DD- A8CD- 007A0D54C5D7

agreements, cooperative agreements and permits and utility documents. The Consultant will evaluate right- of- way process for correctness and consistency following the Caltrans review check- off.

Task 5 – Deliverables ( for the four ( 4) affected properties):

Project introduction letters ( mailed to each owner).

Preliminary title reports ( PDF format).

Plat and legal descriptions ( PDF format).

Appraisal reports and independent appraisal review reports ( PDF format).

Acquisition offer document packages ( PDF format).

Acquisition documents ( PDF format).

Administration settlement memorandums, as applicable ( PDF format).

Impasse letters, where applicable ( PDF format).

Escrow documentation ( PDF format).

Final title policy ( PDF format).

Caltrans certification forms and documents ( PDF format).

Task 6 – Environmental Support
Task 6. 1 – Compensatory Mitigation Support
The Consultant will assist the City in mitigation planning and implementation. It is assumed that compensatory mitigation will solely include the purchase of off- site mitigation credits from the Riverpark Mitigation Bank or alternative agency- approved bank. Under this task the Consultant will assist the City, as requested and to the extent budgeted, during continued mitigation negotiations with the regulatory permitting agencies ( U. S. Army Corps of Engineers [ USACE], Regional Water Quality Control Board RWQCB], and California Department of Fish and Wildlife [ CDFW], collectively).

Task 6. 2 – Fencing and Signage Plans
As part of the Construction Plans developed under Task 2. 2, the Consultant will prepare Fencing and Signage Plans as follows:

Fencing and Signage Plan / Fencing and Signage Notes and Details The Consultant will prepare a fencing and signage plan, and associated details, to depict the location and materiality of the proposed wood fencing, gates, environmental signage, anti- littering signage, wayfinding signage, and kiosks. It is assumed the kiosk will include an orientation map and interpretive signage and the environmental and anti- littering signage will be consistent with the proposed wayfinding signage design described below.

Prior to preparing the construction details, conceptual illustrations for the kiosk and signs, and a material selection board for the fence and gates, will be prepared for City review. The conceptual illustrations and material selection board will be typical for the purpose of establishing a comprehensive approval for the aesthetic and materials of these elements. One ( 1) concept illustration will be created for the kiosk and each sign type. It is assumed that revisions to the conceptual illustrations will be incorporated into the 75% Construction Plans, and that a preferred fence and gate type will be selected prior to beginning the 75% design.

DocuSign Envelope ID: 91A88BF1- DF5A- 43DD- A8CD- 007A0D54C5D7

Based on the approved conceptual illustrations, the kiosk and signage construction details will depict the following information: message schedule, control dimensions, materials, finishes, typestyles, color specifications, and elevations ( where appropriate). Copy layouts, camera- ready artwork/ patterns, sections, and other information is assumed to be provided by the sign fabricator as part of the shop drawing submittal.

Wayfinding Notes and Details
The Consultant will prepare notes, details, and messaging for the proposed wayfinding signage. It is assumed the wayfinding signs will be developed in accordance with the design intent portrayed in the ActiveLE Plan.

Prior to preparing the construction details, conceptual illustrations of the wayfinding signage will be prepared for City review. It is assumed the wayfinding signage types will include: confirmation signs, turn off- trail signs, and decision signs. The conceptual illustrations will be typical for the purpose of establishing a comprehensive approval for the aesthetic and materials of the wayfinding signs. One ( 1) concept illustration will be created for each wayfinding sign type. It is assumed that revisions to the conceptual illustrations will be incorporated into the 75% Construction Plans.

The wayfinding construction details will depict the following information: message schedule, control dimensions, materials, finishes, typestyles, color specifications, and elevations ( where appropriate). Copy layouts, camera- ready artwork/ patterns, sections, and other information is assumed to be provided by the sign fabricator/ Contractor as part of the shop drawing submittal.

Task 6. 3 – Paleontological Resource Surveys
As a subconsultant to Helix, Material Culture Consulting ( MCC) will perform research to determine the paleontological and geological context of the project area, including reviews of available published geologic maps, scientific literature, and online paleontological databases. Additionally, a paleontological records search will be requested from the Western Science Center to identify known fossil localities within the project boundaries, and localities from similar deposits within a one- mile radius. MCC will conduct a paleontological field survey of the project site, which is assumed to be completed by one paleontologist in one eight- hour day.

This background research will be used to determine the paleontological potential of the geologic units within the project area, including those that may be encountered in the subsurface. The project area will be mapped onto high- resolution geologic maps available and overlain with the paleontological potential rankings for ease of reference. The results of the paleontological study will be compiled in a memorandum that complies with applicable local and state regulations. The paleontological memorandum will include recommendations for further paleontological tasks, if any, which would be performed as an additional service.

Task 6. 4 – Paleontological Resources Monitoring and Treatment Plan Prior to the commencement of project- related ground- disturbance, MCC will prepare a Paleontological Resources Impact Mitigation Program ( PRIMP) to guide paleontological monitoring efforts. The PRIMP will also include an inadvertent discovery protocol that will provide a framework for the treatment of inadvertent discovery of paleontological resources during construction.

DocuSign Envelope ID: 91A88BF1- DF5A- 43DD- A8CD- 007A0D54C5D7

Task 6. 5 – MHSCP and DBESP Updates
It is understood that between Stoneman Street and Skylark Drive the trail will no longer be located within the EVMWD sanitary sewer easement, and will instead run immediately north of, and adjacent to, the easement; within an area that was previously studied during the PA/ ED phase. As such, the Consultant will update the project’ s: Multiple Species Habitat Conservation Plan ( MHSCP), Biological Technical Report, and Determination of Biologically Equivalent or Superior Preservation ( DBESP) documents, as applicable. The revised documents will be routed to City staff for one ( 1) round of revision prior to submitting to the resource agencies as part of the environmental permitting package. It is anticipated that this revised trail alignment will encroach into additional sensitive resources ( smooth tarplant and riparian habitats). Updates to these documents based on criteria other than the trail re- alignment as stated above is not included in this task. Re- validation of existing conditions or field survey to document areas beyond the previously studied area is not included in this task.

Task 6. 6 – Final MND Addendum 1
To document the new trail alignment between Stoneman Street and Skylark Drive and the associated updates to the project’ s mitigation measures, the Consultant will prepare an administrative Addendum to the Final Mitigated Negative Declaration ( MND) that was developed during the PA/ ED phase. A draft administrative Addendum will be routed to City staff for one ( 1) round of review prior to finalizing. Upon finalizing, the Consultant will assist the City with processing the administrative Addendum. It is understood that a public review period is not required.

Task 6. 7 – Regulatory Permits
The Consultant will provide support to the City for the preparation of permit application packages and processing the required permits with the regulatory agencies, as follows. It is assumed that the no new field surveys or validations will be required.

Prior to submittal to the USACE, RWQCB, and CDFW, the Consultant will submit an electronic copy of the draft permit application materials to the City for review. The Consultant will revise the draft permit application materials based on one ( 1) set of consolidated comments provided by the City. The Consultant will then finalize the permit application materials and submit electronic copies of the final permit application materials to the appropriate regulatory agencies.

Aquatic Resource Delineation Report
The Consultant will prepare an aquatic resource delineation report ( ARDR) for the project based on the field data obtained by the Consultant in 2020 and 2021. The ARDR will be prepared in conformance with current regulatory standards in reporting on existing waters of the U. S. subject to the regulatory jurisdiction of the USACE pursuant to Clean Water Act Section 404, waters of the State subject to the regulatory jurisdiction of the RWQCB pursuant to CWA Section 401 and State Porter- Cologne Water Quality Act ( Porter- Cologne), streambed and riparian habitat subject to the regulatory jurisdiction of the CDFW pursuant to California Fish and Game Code ( CFG Code) Sections 1600 et seq. The report will describe the delineation methods, existing agency jurisdiction, and applicable regulations.

DocuSign Envelope ID: 91A88BF1- DF5A- 43DD- A8CD- 007A0D54C5D7

Agency Pre- Application Meeting and Liaison
As requested and to the extent budgeted, the Consultant will assist the Client in coordinating and attending up to three ( 3) pre- filing meetings with the USACE, CDFW, and/ or RWQCB to discuss the project, present the jurisdictional delineation findings, and establish the course for project permitting.

Clean Water Act Section 404 Nationwide Permit
Based on the PA/ ED design, it is assumed that the project will qualify for the preparation and submittal of a Request for Nationwide Permit 14 ( Linear Transportation Projects) Verification package to the USACE. The Consultant will prepare the following draft materials as part of the 404 permit: cover letter, Pre- Construction Notification, and additional pages. The Consultant also will submit the ARDR and previously- prepared documentation addressing Endangered Species Act compliance ( e. g., MSHCP Consistency Report, etc.), National Historic Preservation Act Section 106 compliance ( e. g., Cultural Resources Technical Report, Historical Resources Technical Report, etc.), California Environmental Quality Act ( CEQA) documentation, and a description of the project.

CWA Section 401 Request for Water Quality Certification Based on the PA/ ED design, it is assumed that the project will require the preparation and submittal of a Request for Clean Water Act 401 Water Quality Certification application to the RWQCB for impacts to waters of the State. Any isolated waters of the State subject to Waste Discharge Requirements pursuant to the State Porter- Cologne Water Quality Control Act are assumed to also be incorporated into the 401 Water Quality Certification. Issuance of a 401 certification by the RWQCB or demonstration that the RWQCB did not take action on the certification request is a material part of fulfilling the conditions of the CWA Section 404 Nationwide Permit.

According to the new regulatory procedures by the RWQCB, the permitting efforts also will require an alternatives analysis relative to the spatial and functional impact of the project. Based on the PA/ ED design, the Consultant anticipates the project would be considered a Tier I or Tier II project, which requires on- site evaluations of avoidance, minimization, and impact alternatives. The Consultant will prepare the following draft materials as part of the 401 request: cover letter, Request for Water Quality Certification application form, ARDR, and a Tier I or Tier II alternatives analysis. The Consultant will also submit the project’ s CEQA documentation, Transportation Project Guidance Document ( Water Quality Management Plan), Drainage Report ( as applicable), project description, and the plans for permanent Best Management Practices. The Consultant assumes that the City is responsible for the required application and other fees necessary for submittal to the RWQCB.

California Fish and Game Code Section 1602 Notification of Lake or Streambed Alteration Based on the PA/ ED design, it is assumed that the project will require the preparation and submittal of a Standard 5- year Section 1602 Streambed Alteration Agreement request to the CDFW for impacts to jurisdictional streambed and/ or riparian habitat. The Consultant will prepare the following draft materials as part of the 1602 agreement request: cover letter, Notification of Lake or Streambed Alteration application form, ARDR, and DBESP. The Consultant will also submit the project’ s CEQA documentation, which will be required by the CDFW before the 1602 agreement can be issued. A DocuSign Envelope ID: 91A88BF1- DF5A- 43DD- A8CD- 007A0D54C5D7

standard application fee is also required by the CDFW. It is assumed that the City is responsible for the required application and other fees necessary for submittal to the CDFW.

Regulatory Permit Processing
Once permit applications are submitted to the appropriate regulatory agencies, as requested and to the extent budgeted, the Consultant will provide support to the City during agency processing of permit application materials. It is assumed that the City will elect the Consultant to serve as the primary point of contact for the regulatory agencies and will lead coordination efforts. Specific support tasks expected to be provided by the Consultant include performing outreach to the agencies via phone and e- mail correspondence; coordinating with the City and project team regarding additional information needs during permit processing; and preparing additional information in response to agency comments.

Task 6. 8 – Graphic Simulations
To support the environmental regulatory permitting, the Consultant will prepare one ( 1) photo simulation of the trail and one ( 1) plan view illustration of the trail. The location of each graphic will be coordinated with the City prior to commencement. It is assumed that prior to the graphics being submitted to the resource agencies that one ( 1) round of revisions based on City comments will be performed. It is also assumed that one ( 1) round of revisions to the graphics based on resource agency review will be performed.

Task 6. 9 – Environmental Re- Validation and Update( s) to Mitigation, Monitoring, and Reporting Program ( MMRP)
As part of the project’ s PA/ ED phase, the City adopted a Final Initial Study/ Mitigated Negative Declaration ( IS/ MND) and a Mitigation Monitoring and Reporting Program ( MMRP) in compliance with the California Environmental Quality Act ( CEQA). Unless otherwise stated in the Scope of Services, it is assumed that preparation of subsequent CEQA documentation for the project will not be required.

During the PS& E phase the Consultant will review and evaluate the project design refinements to 1) confirm/ re- validate that the conclusions and mitigation measures, as identified in the adopted Final IS/ MND and MMRP, remain applicable, and 2) determine whether the potential exists for the project to result in any new significant environmental effects or substantially increase the severity of previously identified significant effects. The Consultant will prepare a brief CEQA re- validation memorandum summarizing the results of this review as part of the administrative Addendum described in Task 6. 6.

If required, the Consultant will update the MMRP to reflect the changes made to the mitigation measures identified in the adopted Final IS/ MND and MMRP due to design refinements and/ or specific requirements contained in the regulatory permits to be obtained for the project ( as part of Task 6. 7).

The updated MMRP will be revised one ( 1) time before being finalized.

Task 6 – Deliverables:

Draft and Final Paleontological Resource Assessment memorandum ( MS Word and PDF formats) Draft and Final PRIMP ( MS Word and PDF formats)
Draft and Final ARDR ( MS Word and PDF formats)
DocuSign Envelope ID: 91A88BF1- DF5A- 43DD- A8CD- 007A0D54C5D7

Draft and Final MHSCP and DBESP ( PDF format)
Draft and Final MND administrative Addendum ( PDF format) Graphic Simulations ( PDF format)
Draft and Final permit application packages ( PDF format) Draft and Final CEQA Re- validation memorandum ( MS Word and PDF formats) Draft and Final MMRP, if required ( MS Word and PDF formats) Additional Services
Any services not specifically described in the above scope, as well as any changes in the scope the Client requests, will be considered Additional Services and will be performed at our then- current hourly rates.

Prior to commencing the Additional Services, Consultant shall obtain prior written approval from the Client. Additional services we can provide include, but are not limited to, the following:

Attendance at additional meetings beyond those identified in the Scope of Services.

Providing any other services not expressly included in the Scope of Services.

SWPPP or Water Pollution Control Plan.

Erosion Control plans.

Traffic Control plans.

Visual renderings beyond those identified in the Scope of Services.

Permanent irrigation design.

Construction Plans beyond those identified in the Scope of Services.

Lighting and electrical design.

Franchise utility studies and/ or design.

Water or sanitary sewer design beyond one ( 1) temporary irrigation water service, one ( 1) fire hydrant relocation, and adjusting sanitary sewer manholes to grade.

Custom bridge design.

Utility potholing.

Preparation of technical studies not included in the Scope of Services.

Bid and Construction Services.

Hazardous and remediation services.

Phase II Site Assessments.

Environmental study or analysis beyond those identified in the Scope of Services.

Cultural Resources Monitoring Plan ( mitigation measure CUL- 2).

Environmental field studies.

Payment of any fees.

Information Provided By Client
We shall be entitled to rely on the completeness and accuracy of information provided by the Client.

The Client shall provide information requested by CR Associates during the project.

Project Schedule
We will provide our services as expeditiously as practicable to meet a mutually agreed upon schedule.

Compensation
Chen Ryan will perform the scope of services outlined above on a lump sum basis in accordance with the Fee Schedule.

DocuSign Envelope ID: 91A88BF1- DF5A- 43DD- A8CD- 007A0D54C5D7 Senior Project Principal Principal Senior Senior Project Senior Utility Professional Manager Professional AnalystII AnalystI Support President Assoc Sr PM Sr Designer Designer Biologist Planner Prof Scientist Tech Manager R/W Agent R/W Agent Coordinator Controller Task Description $ 296.92 $ 247.43 $ 179.80 $ 138.56 $ 117.12 $ 90.00 $ 227.82 $ 149.24 $ 110.26 $ 96.47 $ 90.79 $ 338.51 $ 242.65 $ 227.10 $ 154.56 $ 127.88 $ 168.12 $ 121.90 $ 88.27 $ 98.06 $ 138.72 Task1 - Project Managementand Meetings 6 68 38 20 0 0 4 10 0 0 0 6 6 0 8 0 0 0 0 12 0 -$ 36,514.20$

1.1 Kick-off Meeting 2 2 2 2 2 2 2 -$ 3,048.02$

1.2 MonthlyMeetings (12 Months) 12 18 2 8 4 4 8 12 -$ 12,592.96$

1.3 ScheduleandProgressReports 6 -$ 1,484.58$

1.4 Presentationto PCandCC (Upto 2 Total) 12 6 6 -$ 4,879.32$

1.5 ProjectManagement 6 36 12 12 -$ 14,509.32$
Task 2 - Plans, Specifications, andEstimate - 75% and 100% 22 120 168 230 78 24 18 40 40 138 161 2 0 4 0 0 0 0 0 0 0 $ 46,710.00 200,300.63$

2.1 FieldWalk 8 8 8 8 -$ 6,434.32$

2.2 ConstructionPlans 16 82 110 144 78 10 28 40 126 161 20,535.00$ AARK 132,080.71$

2.3 DrainageReport 2 10 32 54 24 -$ 18,463.98$

2.4 OpinionofProbableConstructionCost 2 4 6 24 4 12 -$ 7,742.40$

2.5 TechnicalSpecialProvisions 2 12 8 4 -$ 5,555.64$

2.6 GeotechnicalInvestigation 4 4 4 2 4 26,175.00$ Inland 30,023.58$ Task3 - TransportationProject GuidanceDocument 2 8 12 22 0 6 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 $ - 8,319.20$

3.1 TransportationProjectGuidanceDocument 2 8 12 22 6 -$ 8,319.20$ Task4 - Agencyand Utility Coordination 0 26 16 10 14 0 0 4 0 0 0 0 0 0 0 0 8 0 0 40 0 $ - 18,199.58$

4.1 CoordinationwithAgenciesandUtilities 16 8 6 10 4 4 24 -$ 11,022.72$

4.2 UtilityCertification 10 8 4 4 4 16 -$ 7,176.86$
Task5 - Right-of-WaySupport 0 30 28 24 0 0 0 0 0 0 0 0 0 0 0 0 58 96 126 0 5 $ 18,030.00 67,081.72$

5.1 PropertyOwnerOutreach (ProjectIntroductionLetters) 4 2 4 2 8 -$ 3,215.00$

5.2 LegalDescription, PlatMaps, andTitleReports 4 6 4 4 8 18,030.00$ Geocentric 22,300.44$

5.3 AppraisalCoordination 6 6 4 4 4 4 -$ 4,630.78$

5.4 OfferPackagePreparationandPropertyRightsAcquisitions/Negoatations 6 6 4 44 60 90 5 -$ 26,466.80$

5.5 EscrowCoordination (OptionalScope) 4 2 4 2 4 20 -$ 4,492.80$

5.6 CaltransRight-of-WayCertification 6 6 4 2 12 12 -$ 5,975.90$ Task6 - EnvironmentalSupport 0 66 68 62 12 2 2 4 10 20 20 88 36 204 182 112 0 0 0 0 0 $ 34,790.00 206,728.50$

6.1 CompensatoryMitigationSupport 8 6 4 36 -$ 15,798.84$

6.2 FencingandSignagePlans 6 6 12 12 2 2 25,550.00$ Graphic Solutions 32,312.76$

6.3 PaleontologicalResourceSurveys 8 4 4 4 2 6,775.00$MaterialCulture Consulting 11,452.68$

6.4 PaleontologicalResourcesMonitoringandTreatmentPlan 8 4 4 4 2 2,465.00$MaterialCulture Consulting 7,142.68$

6.5 MHSCPandDBESPUpdates 6 6 4 6 30 30 12 -$ 18,133.04$

6.6 FinalMNDAddendum1 4 2 2 4 46 -$ 8,879.42$

6.7 RegulatoryPermits 12 30 18 40 168 150 50 -$ 92,128.44$

6.8 GraphicSimulations 6 6 12 2 2 4 10 20 20 -$ 10,306.50$

6.9 EnvironmentalRe-ValidationandUpdate(s) to Mitigation, Monitoring, and ReportingProgram (MMRP) 8 4 4 2 24 2 4 -$ 10,574.14$
Expenses $ 7,000.00 $ 1,000.00 $ 20,800.00 28,800.00$ All Tasks Total 30 318 330 368 104 32 24 58 50 158 181 96 42 208 190 112 66 96 126 52 5 $ 99,530.00 $ 565,943.83 OtherSub Cost Sub Name
EpicLandSolutions
Murrieta Creek Trail PS&E
9/2/2022
CRAssociates
CR Associates SchmidtDesignGroup HelixEnvironmental
Cost
CR Associates
Murrieta Creek Trail PS 9/2/2022
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CITY OF LAKE ELSINORE

TO BE POSTED IN A CONSPICUOUS PLACE
Business Name:

Business Location:

Owner Name( s):

BUSINESS LICENSE NO.

Issue Date:

Description:

Expiration Date:

BUSINESS LICENSE
THIS IS YOUR LICENSE • NOT TRANSFERABLE
3900 5TH AVE STE 310 Business Type:

SAN DIEGO, CA 92103- 3112
CHEN RYAN ASSOCIATES, INC.
3900 5TH AVE STE 310
SAN DIEGO, CA 92103- 3112
This business license is issued for revenue purposes only and does not grant authorization to operate a business. This business license is issued without verification that the holder is subject to or exempted from licensing by the state, county, federal government, or any other governmental agency.

Administrative Services - Licensing
130 South Main Street, Lake Elsinore, CA 92530
PH ( 951) 674- 3124
CHEN RYAN ASSOCIATES, INC.

MONIQUE CHEN

PROFESSIONAL/ ENGINEERS

TRAFFIC ENGINEERING, DESIGN &

TRANSPORTAION PLANNING
024247
9/1/ 2022 8/ 31/ 2023
Starting January 1, 2021, Assembly Bill 1607 requires the prevention of gender - based discrimination of business establishments. A full notice is available in English or other languages by going to: https:// www. dca. ca. gov/ publications/ DocuSign Envelope ID: 91A88BF1- DF5A- 43DD- A8CD- 007A0D54C5D7 19)
Minutes of the Regular Successor Agency Meeting of March 11, 2025 Approve the Minutes.

REPORT TO SUCCESSOR AGENCY
To: Honorable Chair and Members of the Successor Agency From: Jason Simpson, Executive Director
Prepared by: Candice Alvarez, MMC, Secretary
Date:March 25, 2025
Subject:Minutes of the Regular Successor Agency Meeting of March 11, 2025 Recommendation
Approve the Minutes.

Attachments
Attachment 1 - Draft Minutes
City Clerk's Office

City of Lake Elsinore
City Council Meeting
Minutes – Draft

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

March 11, 2025

Closed Session: NONE
Public Session: 7:00 PM

Cultural Center
183 N. Main Street
Lake Elsinore, CA 92530

CALL TO ORDER - 7:00 P.M.

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

PLEDGE OF ALLEGIANCE

Mayor Tisdale led the Pledge of Allegiance.

ROLL CALL

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

Absent: 0 - None

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 1 MINUTE

Darren Haggen was called to speak.

CITY COUNCIL CONSENT CALENDAR

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

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

City Council Minutes - Draft March 11, 2025

City of Lake Elsinore Page 2

1) Minutes of the Regular City Council Meeting of February 25, 2025

Approve the Minutes.

This item was approved on the City Council Consent Calendar.

2) CC Warrant Report Dated February 10, 2025 to February 16, 2025

Receive and File.

This item was approved on the City Council Consent Calendar.

3) Cancellation of the April 8, 2025 Regular City Council Meeting

Approve the cancellation of the regular City Council meeting of Tuesday, April 8, 2025 and direct the City Clerk to schedule a special meeting in the event time- sensitive items require City Council action prior to the regularly scheduled meeting of April 22, 2025.

This item was approved on the City Council Consent Calendar.

4) Contractor Services Agreement with Discount Hauling and Cleanup Service for On-Call Nuisance and Weed Abatement Services

Approve and authorize the City Manager to execute an agreement with Discount Hauling and Cleanup Service for On- Call Nuisance and Weed Abatement Services in an amount not to exceed $400,000 in such final form as approved by the City Attorney; authorize the City Manager to execute change orders not exceeding a 10% contingency amount of $40,000 for uncertainties and adjustments; and waive the formal bidding process per Municipal Code Section 3.08.070(g).

This item was approved on the City Council Consent Calendar.

5) Public Works Construction Agreement with SAS Construction for the Concrete and Framing, Bid Set ‘B’, on the New City Senior Housing Project (CIP Project No. Z20026)

Approve and authorize the City Manager to execute a Public Works Construction Agreement with SAS Construction in an amount not to exceed $3,225.000.00 for the concrete and framing, bid set ‘B’, on the new City Senior Housing Project 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 $322,500.00 for uncertainties and adjustments.

This item was approved on the City Council Consent Calendar.

City Council Minutes - Draft March 11, 2025

City of Lake Elsinore Page 3

6) Public Works Construction Agreement to Endresen Development, Inc. for the Library Site Retaining Wall for the New City Library (CIP Project #Z20003)

Approve and authorize the City Manager to execute a Public Works Construction Agreement with Endresen Development Inc. in an amount not to exceed $189,000.00 for the construction of the retaining wall for the new City Library Project in such final form as approved by the City Attorney; authorize the City Manager to execute change orders not to exceed the 10% contingency amount of $18,900.00; and authorize the City Clerk to record the Notice of Completion once work is completed.

This item was approved on the City Council Consent Calendar.

7) Amendment No. 1 to the Professional Services Agreement with Kimley-Horn and Associates, Inc. for the Riverside Drive Apartments Project

Approve and authorize the City Manager to execute Amendment No. 1 to the Agreement for Professional Services with Kimley -Horn and Associates, Inc. for additional services to prepare California Environmental Quality Act (CEQA) compliance documents for a total contract amount not to exceed $87,400, in such final form as approved by City Attorney.

This item was approved on the City Council Consent Calendar.

8) Second Amendment to City Manager Employment Agreement

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

CALIFORNIA, APPROVING THE SECOND AMENDMENT TO CITY MANAGER EMPLOYMENT AGREEMENT.

This item was approved on the City Council Consent Calendar.

9) Amendment No. 2 to the Citywide Portable Sanitation Services Agreement to Rightway Site Services, Inc.

Approve and authorize the City Manager to execute Amendment No. 2 to the Agreement with Rightway Site Services, Inc., and increase compensation by an additional $20,000 for a total not to exceed $105,000.00 in such final form as approved by the City Attorney.

This item was approved on the City Council Consent Calendar.

SUCCESSOR AGENCY CONSENT CALENDAR

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

Aye: 5 Agency Members Sheridan, Manos, and Johnson; Vice Chair Magee; and Chair Tisdale
Nay: 0 None

City Council Minutes - Draft March 11, 2025

City of Lake Elsinore Page 4

10) Minutes of the Regular Successor Agency Meeting of February 25, 2025

Approve the Minutes.

This item was approved on the Successor Agency Consent Calendar.

11) SA Warrant Report Dated February 10, 2025 to February 16, 2025

Receive and File.

This item was approved on the Successor Agency Consent Calendar.

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - THREE MINUTES

Carson Gray was called to speak.

CITY ATTORNEY COMMENTS

City Attorney Leibold had no comments.

CITY MANAGER'S COMMENTS

City Manager Simpson had no comments.

CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED

Council Member Sheridan reported on his attendance at the Riverside Transit Agency T -Now meeting on February 26, 2025 and Board of Directors meeting on February 27, 2025; announced Storm opening night on April 8, 2025; invited the community to attend the Sip n’ Swing Weekend April 4- 6, 2025 at Diamond Stadium; and shared photos from Lake Elsinore Little League Opening Day on March 1, 2025.

Council Member Manos reported on his attendance at the Southern California Association of Governments Regional Council and Transportation Committee meetings on March 6, 2025; and announced that March is Arts & Culture Month in Riverside County.

Council Member Johnson reported on her attendance at the Western Riverside County Regional Conservation Authority meeting on March 3, 2025 and the Lake Elsinore Unified School District meeting on March 11, 2025; shared updates from the Homeless Task Force; congratulated Students of the Month; and shared the schedule for the Mountain Tract Grind & Overlay project.

Mayor Pro Tem Magee shared that the Riverside County Transportation Commission Executive Committee will hold its meeting on March 12, 2025; shared the consequence for parking near fire hydrants; and wished the community a Happy St. Patrick’s Day.

Mayor Tisdale shared that he was unable to attend the last Western Riverside Council of Governments Executive Committee meeting and added that its Annual meeting will be held on June 12, 2025; invited the community to attend the Lake Elsinore Climate Action & Adaptation Plan Community Workshop virtually on March 19, 2025 from 6:00 – 7:30 p.m.; and announced that the City was awarded $4,717,260 from the Highway Safety Improvement Program Cycle 12 grant for improvements on Railroad Canyon Road and Citywide intersection upgrades.

City Council Minutes - Draft March 11, 2025

City of Lake Elsinore Page 5

ADJOURNMENT

The Lake Elsinore City Council adjourned at 7:26 p.m. to the next Regular meeting of Tuesday, March 25, 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.

20)
SA Warrant Report Dated February 17, 2025 to February 23, 2025 Receive and File.

REPORT TO SUCCESSOR AGENCY OF THE

REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
To:Honorable Agency Chair and Members of the Successor Agency From:Jason Simpson, Executive Director
Prepared by:Shannon Buckley, Assistant Executive Director Date:March 25, 2025
Subject:SA Warrant Report Dated February 17, 2025 to February 23, 2025 Recommendation
Receive and File.

Discussion
The Warrant Report lists all general checks issued for the Successors Agency of the Redevelopment Agency of the City of Lake Elsinore for the above mentioned period.

Attachments
Attachment 1 – SA Warrant Summary
Attachment 2 – SA Warrant Listing
Administrative Services
FEB 17, 2025 TO FEB 23, 2025 CITY OF LAKE ELSINORE SA WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
510 SARDA AREA I, II, & III 2,596.00 $
540 SARDA DIAMOND STADIUM 2,731.59
GRAND TOTAL 5,327.59 $
Attachment 1 1 OF 1
FEB 17, 2025 TO FEB 23, 2025 CITY OF LAKE ELSINORE SA WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA25001573 CR&R, INC. 2,731.59 $
APA25001578 EXCEL LANDSCAPE, INC. 2,596.00
GRAND TOTAL 5,327.59 $
Attachment 2 1 OF 1
21)
SA Warrant Report Dated February 24, 2025 to March 02, 2025 Receive and File.

REPORT TO SUCCESSOR AGENCY OF THE

REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
To:Honorable Agency Chair and Members of the Successor Agency From:Jason Simpson, Executive Director
Prepared by:Shannon Buckley, Assistant Executive Director Date:March 25, 2025
Subject:SA Warrant Report Dated February 24, 2025 to March 02, 2025 Recommendation
Receive and File.

Discussion
The Warrant Report lists all general checks issued for the Successors Agency of the Redevelopment Agency of the City of Lake Elsinore for the above mentioned period.

Attachments
Attachment 1 – SA Warrant Summary
Attachment 2 – SA Warrant Listing
Administrative Services
FEB 24, 2025 TO MAR 02, 2025 CITY OF LAKE ELSINORE SA WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
510 SARDA AREA I, II, & III 100,655.60 $
540 SARDA DIAMOND STADIUM 27,971.43
GRAND TOTAL 128,627.03 $
Attachment 1 1 OF 1
FEB 24, 2025 TO MAR 02, 2025 CITY OF LAKE ELSINORE SA WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA25001641 LAKE ELSINORE STORM, LP 100,655.60 $
APA25001662 SOUTHERN CALIFORNIA EDISON CO. 49.43
8636 AK SECURITY ALARM LLC 8,170.00
8646 ENDRESEN DEVELOPMENT, INC. 8,352.00
8650 ENDRESEN DEVELOPMENT, INC. 11,400.00
GRAND TOTAL 128,627.03 $
Attachment 2 1 OF 1
22)
SA Warrant Report Dated March 03, 2025 to March 09, 2025 Receive and File.

REPORT TO SUCCESSOR AGENCY OF THE

REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
To:Honorable Agency Chair and Members of the Successor Agency From:Jason Simpson, Executive Director
Prepared by:Shannon Buckley, Assistant Executive Director Date:March 25, 2025
Subject:SA Warrant Report Dated March 03, 2025 to March 09, 2025 Recommendation
Receive and File.

Discussion
The Warrant Report lists all general checks issued for the Successors Agency of the Redevelopment Agency of the City of Lake Elsinore for the above mentioned period.

Attachments
Attachment 1 – SA Warrant Summary
Attachment 2 – SA Warrant Listing
Administrative Services
MAR 03, 2025 TO MAR 09, 2025 CITY OF LAKE ELSINORE SA WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
510 SARDA AREA I, II, & III 2,748.98 $
GRAND TOTAL 2,748.98 $
Attachment 1 1 OF 1
MAR 03, 2025 TO MAR 09, 2025 CITY OF LAKE ELSINORE SA WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA25001688 EXCEL LANDSCAPE, INC. 2,748.98 $
GRAND TOTAL 2,748.98 $
Attachment 2 1 OF 1
23)
SA Warrant Report Dated March 10, 2025 to March 16, 2025 Receive and File.

REPORT TO SUCCESSOR AGENCY OF THE

REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
To:Honorable Agency Chair and Members of the Successor Agency From:Jason Simpson, Executive Director
Prepared by:Shannon Buckley, Assistant Executive Director Date:March 25, 2025
Subject:SA Warrant Report Dated March 10, 2025 to March 16, 2025 Recommendation
Receive and File.

Discussion
The Warrant Report lists all general checks issued for the Successors Agency of the Redevelopment Agency of the City of Lake Elsinore for the above mentioned period.

Attachments
Attachment 1 – SA Warrant Summary
Attachment 2 – SA Warrant Listing
Administrative Services
MAR 10, 2025 TO MAR 16, 2025 CITY OF LAKE ELSINORE SA WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
540 SARDA DIAMOND STADIUM 84,675.26 $
GRAND TOTAL 84,675.26 $
Attachment 1 1 OF 1
MAR 10, 2025 TO MAR 16, 2025 CITY OF LAKE ELSINORE SA WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA25001741 CALIFORNIA, STATE BOARD OF EQUALIZATION 786.62$ APA25001771 LAKE ELSINORE STORM, LP 35,905.64
APA25001780 PW GILLIBRAND CO., INC 30,664.39
8747 AK SECURITY ALARM LLC 1,481.11
8763 PROSTAFF, LLC 15,837.50
GRAND TOTAL 84,675.26 $
Attachment 2 1 OF 1
24)
SA Investment Report for February 2025
Receive and file the Investment Report for February 2025.

REPORT TO SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY

OF LAKE ELSINORE
To:Honorable Agency Chair and Members of the Successor Agency From:Jason Simpson, Executive Director
Prepared by:Shannon Buckley, Assistant Executive Director Date:March 25, 2025
Subject:SA Investment Report for February 2025
Recommendation
Receive and file the Investment Report for February 2025.

Discussion
The Investment Report is a listing of all funds invested for the City of Lake Elsinore and includes funds held for the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore as of the date shown on the report. The Review of the Investment Performance for the quarter ended December 31, 2024, is included.

Fiscal Impact
No fiscal impact.

Attachments
Attachment 1 - Investment Report for February 2025
Administrative Services

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 FEBRUARY 28, 2025

BANK DEPOSITS

IN TRANSIT

OUTSTANDING

PAYMENTS
BOOK

CASH ACCOUNTS
Bank Accounts:

BALANCE BALANCE
General Checking Account $ 3,278,546 $ 82,131 $ (21,467) $ 3,339,210 Cash On Hand:

Cashier Drawers #1 & #2
City of Lake Elsinore Petty Cash Fund
-
-
-
-
-
-
300
2,000
Total Cash Accounts 3,278,546 82,131 (21,467) 3,341,510

INVESTMENTS
Local Agency Investment Funds 77,351,313 - - 77,351,313 CAMP Investments:

CAMP Pool Account 442,286
23,841,969
1,236,023
8,448,892
2,266,362
11,624,109
900,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
442,286
23,841,969
1,236,023
8,448,892
2,266,362
11,624,109
900,000
U.S. Treasury Bond / Note
Municipal Bond / Note
Federal Agency Commercial Mortgage-Backed Security
Federal Agency Bond / Note
Corporate Note
Certificate of Deposit
Bank Note
Asset-Backed Security
525,525
4,866,080
525,525
4,866,080
Sub-total Investments 131,502,558 - - 131,502,558
Market Value Adjustment:

Unrealized Gain/(Loss) at 02/28/2025 (45,163) - - (45,163) Total Investments 131,457,395
134,735,941
- - 131,457,395
Total Pooled Cash and Investments $ $ 82,131 $ (21,467) $ 134,798,904 $ 134,798,904TOTAL POOLED CASH AND INVESTMENTS
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 11, 2024. 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
March 7, 2025
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 FEBRUARY 28, 2025

FUND NO FUND NAME
General
AMOUNT
100
101
102
104
106
107
108
109
110
111
112
114
116
117
118
119
121
135
140
160
202
203
205
211
231
232
300
305
310
315
320
331
332
333
334
335
336
337
338
339
$ 12,958,557
8,333Supplemental Law Enforcement
Measure Z 16,370,686
250Traffic Offender
Affordable Housing In Lieu
Developer Agreement Revenue
American Rescue Plan
1,774,452
486,049
2,396,161
3,168,598
1,226,377
17,017
Road Maintenance and Rehabilitation (SB1)
State Gas Tax
TUMF C.I.P.

Measure A 1,594,970
77,132SB1186 CASP Education Program
City Hall-Public Works DIF
Community Center DIF
583,020
579,485
816,086
94,002
Lake Side Facility DIF
Animal Shelter DIF
T.R.I.P.-2014A 534
Lighting & Landscape Maintenance - Dist. No. 1
Geothermal
1,874,486
12,617
PEG Grant 8,811
La Strada RBBD 25,732
E.L.S.P. - S.T.I.F. 3,628,650
799,862
1,981,637
1,118,420
1,220,775
1,330,717
3,237,755
54,882
Traffic Impact Fee
Storm Drain C.I.P.

Library C.I.P.

City Fire Protection
Insurance Service
Information Systems Service
Support Service
Fleet Service 1,363,003
2,912,658
53,514
Facilities Service
CFD 2006-1CC Summerly Improvement Area CC
CFD 2006-1 Improvement Area B, Summerly
CFD 2015-3 Terracina
29,878
113,622
33,119CFD 2015-5 Trieste - Far West Industries
CFD 2003-2E Canyon Hills Improvement Area E
CFD 2006-1FF Summerly Improvement Area FF
CFD 2016-2 Canyon Hills
CFD 2006-1 IA-JJ Summerly Improvement Area
CFD 2006-1 IA-KK Summerly Improvement Area
39,772
39,342
230,674
66,735
40,082

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 FEBRUARY 28, 2025

FUND NO FUND NAME AMOUNT
54,853340
345
346
347
350
351
355
357
361
364
366
368
369
370
371
372
374
375
377
378
379
384
385
386
387
388
390
392
394
396
397
500
510
603
604
605
606
608
617
620
CFD 2006-1 IA-EE Summerly Improvement Area
CFD 2003-2 Improvement Area D, Canyon Hills
CFD 2014-1 Southshore
600,240
62,433
CFD 2006-1 Improvement Area A, Summerly
CFD 98-1 Summerhill
61,788
478,500
78,560CFD 2006-1 IA-II Summerly Improvement
RAD 2021-1 Canyon Hills Improvement
CFD 2003-2 Canyon Hills Improvement Area
CFD 2022-2 Lakeshore Improvement
CFD 2023-2 Coastal Mission Trail Improvement
CFD 2005-6 City Center Townhomes
CFD 2006-2 Viscaya
389,301
244,736
10,310
365
76,755
148,763
520,800
18,122
CFD 2004-3 Area 1 Rosetta Canyon Improvement Area
CFD 2006-1 IA-HH Summerly Improvement
CFD 2005-1 Serenity 197,039
500,849
1,702
CFD 2005-2 Alberhill Ranch Improvement Area
CFD 2005-4 Lakeview Villas
CFD 2006-4 Clurman 27,570
CFD 2006-6 Tessara 33,703
CFD 2006-8 Running Deer Estates
CFD 2022-1 Alberhill
19,075
82,400
CFD 2003-2 Area B Canyon Hills Improvement Area
CFD 2004-3 Area 2 Rosetta Canyon Improvement Area
CFD 2007-4 Mekenna Court
591,045
509,020
37,025
CFD 2007-5 Red Kite 28,885
CFD 2007-6 Holiday Inn Express
CFD 2003-2 Area C Canyon Hills Improvement Area
CFD 95-1 City Center
2,295
186,121
68,351
CFD 2005-5 (2012A) Wasson Canyon
CFD 2018-2 Nichols Ranch Improvement Area
CFD 2018-3 Village at Lakeshore
Capital Improvement Plan
111,421
13,932
67,844
11,698,785
717,720
67,057
Successor To RDA Area I, II, & III
Endowment Trust - Carl Graves
Endowment Trust - Korn Memorial
Public Improvement Trust
36,255
2,714,866
169,366
1,570,877
42,607,880
6,770,746
Mobile Source Air Polution Reduction
Trust Deposit & Pre Paid Expense
Successor Agency Housing
Cost Recovery System

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 FEBRUARY 28, 2025

FUND NO FUND NAME AMOUNT
400,536631
651
653
655
Lake Destratification Equipment Replacement
CFD 2006-5 Park & Open Space Service
CFD 2009-1 Parks & Lighting Service
55,329
385,010
12,222CFD 2015-1s Law, Fire, Paramedic Services
Total Pooled Cash & Investments $ 134,798,904

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 FEBRUARY 28, 2025

MAXIMUM

PERCENTAGE

DIVERSIFICATION CURRENT

BALANCETYPES OF SECURITIES PERCENTAGE

0.34%

18.13%

0.00%

0.94%

6.42%

1.72%

0.00%

9.24%

0.00%

0.68%

3.70%
0 CAMP - Pooled Sweep Account
U.S. Treasury Bond / Note
Unlimited
Unlimited
30%
$
$
$
$
$
$
$
$
$
$
$
$
$
$
442,286
23,841,969
Supra-National Agency Bond / Note
Municipal Bond / Note
-
1,236,023
8,448,892
2,266,362
-
Unlimited
40%Federal Agency Collaterized Mortgage Obligation
Federal Agency Bond / Note (1)Unlimited

40.00%
30%
Banker's Acceptance
Corporate Note (Includes Bank Note)
Commercial Paper
12,149,634
-25%
Negotiable Certificates of Deposit
Asset-Backed Security / Collaterized Mortgage
Repurchase Agreements
30% 900,000
4,866,080
-
20%
Unlimited

10.00%
$150 Million
Reverse Repurchase Agreements
LAIF (Local Agency Investment Funds)

0.00%

58.82%
-
(2) 77,351,313
TOTAL 100.00% $ 131,502,558
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

PMIA/LAIF Performance Report
as of 03/05/25
PMIA Average Monthly
Effective Yields(1)
Quarterly Performance
Quarter Ended 12/31/24
(2) 4.62LAIF Apportionment Rate : February
January
December
November
October

4.333

4.366

4.434

4.477

4.518

4.575
(2) 0.00012664187216722

0.28 0.999621985

4.40 4.48
LAIF Earnings Ratio :
(1)*LAIF Administrative Cost :
(1)LAIF Fair Value Factor :
(1)PMIA Daily :
(1)PMIA Quarter to Date : September
(1) 252PMIA Average Life :

Pooled Money Investment Account
Monthly Portfolio Composition (1)
1/31/25
$162.9 billion
Corporate
Bonds

0.55%
Commercial
Paper
Time
Deposits

3.11%

6.17% Loans

0.12%
Certificates of
Deposit/Bank Notes

8.84%
Treasuries

55.64%
Agencies

25.57%
Chart does not include $1,213,000.00 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.

Source:
(1) State of California, Office of the Treasurer
(2) State of California, Office of the Controller

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 FEBRUARY 28, 2025
Yield Purchase Date
Daily
Maturity Rate
24-Hour4.333%
Investment Beginning Balance Net Increase/(Decrease) Ending Balance 77,351,313
Total Investments Held with
Local Agency Investment Fund: $ 64,851,313 $ 12,500,000 $ Note:

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

CAMP
Investment Portfolio

Customer Service
PO Box 11813
Harrisburg, PA 17108-1813

ACCOUNT STATEMENT
For the Month EndingCITY OF LAKE ELSINORE February 28, 2025 Contents
Cover/Disclosures
Summary Statement
Individual Accounts
Accounts included in Statement

LAKE ELSINORE - CITY FUNDS

CITY OF LAKE ELSINORE

JASON SIMPSON
130 S. MAIN STREET
LAKE ELSINORE, CA 92530
Online Access www.camponline.com Customer Service 1-800-729-7665

Account Statement
Important Disclosures For the Month Ending February 28, 2025 Important Disclosures
This statement is for general information purposes only and is not intended to provide specific advice or recommendations. PFM Asset Management ("PFMAM") is a division of U.S. Bancorp Asset Management, Inc. ("USBAM"), a SEC-registered investment adviser. USBAM is direct subsidiary of U.S. Bank National Association ("U.S. Bank") and an indirect subsidiary of U.S. Bancorp. U.S. Bank is not responsible for and does not guarantee the products, services or performance of PFMAM. PFMAM maintains a written disclosure statement of our background and business experience. If you would like to receive a copy of our current disclosure statement, please contact Service Operations at the address below.

Tax Reporting Cost data and realized gains / losses are provided for informational 365 and dividing the result by 7. The yields quoted should not be considered a purposes only. Please review for accuracy and consult your tax advisor to determine representation of the yield of the fund in the future, since the yield is not fixed. the tax consequences of your security transactions. PFMAM does not report such information to the IRS or other taxing authorities and is not responsible for the accuracy of such information that may be required to be reported to federal, state or other taxing authorities.

Average maturity represents the average maturity of all securities and investments of a portfolio, determined by multiplying the par or principal value of each security or investment by its maturity (days or years), summing the products, and dividing the sum by the total principal value of the portfolio. The Financial Situation In order to better serve you, PFMAM should be promptly notified stated maturity date of mortgage backed or callable securities are used in this of any material change in your investment objective or financial situation.

Callable Securities Securities subject to redemption prior to maturity may be statement. However the actual maturity of these securities could vary depending on the level or prepayments on the underlying mortgages or whether a callable Proxy Voting PFMAM does not normally receive proxies to vote on behalf of its clients.

However, it does on occasion receive consent requests. In the event a consent request is received the portfolio manager contacts the client and then proceeds according to their instructions. PFMAM’s Proxy Voting Policy is available upon request by contacting Service Operations at the address below.

Questions About an Account PFMAM’s monthly statement is intended to detail our investment advisory activity as well as the activity of any accounts held by clients in pools that are managed by PFMAM. The custodian bank maintains the control of assets and executes (i.e., settles) all investment transactions. The custodian statement is the official record of security and cash holdings and transactions. PFMAM recognizes that clients may use these reports to facilitate record keeping and that the custodian bank statement and the PFMAM statement should be reconciled and differences resolved.

Many custodians use a settlement date basis which may result in the need to reconcile due to a timing difference.

Account Control PFMAM does not have the authority to withdraw funds from or deposit funds to the custodian outside the scope of services provided by PFMAM. Our clients retain responsibility for their internal accounting policies; implementing and enforcing internal controls and generating ledger entries or otherwise recording transactions.

Market Value Generally, PFMAM’s market prices are derived from closing bid prices as of the last business day of the month as supplied by ICE Data Services. There may be differences in the values shown for investments due to accrued but uncollected income and the use of differing valuation sources and methods. Non-negotiable FDIC-insured bank certificates of deposit are priced at par. Although PFMAM believes the prices to be reliable, the values of the securities may not represent the prices at which the securities could have been bought or sold. Explanation of the valuation methods for a registered investment company or local government investment program is contained in the appropriate fund offering documentation or information statement.

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 straightline basis. Such discount or premium with respect to longer term securities is amortized using the constant yield basis.
redeemed in whole or in part before maturity, which could affect the yield represented. security has or is still able to be called.

Portfolio The securities in this portfolio, including shares of mutual funds, are not guaranteed or otherwise protected by PFMAM, the FDIC (except for certain non-negotiable certificates of deposit) or any government agency. Investment in securities involves risks, including the possible loss of the amount invested. Actual settlement values, accrued interest, and amortized cost amounts may vary for securities subject to an adjustable interest rate or subject to principal paydowns. Any changes to the values shown may be reflected within the next monthly statement’s beginning values.

Monthly distribution yield represents the net change in the value of one share (normally $1.00 per share) resulting from all dividends declared during the month by a fund expressed as a percentage of the value of one share at the beginning of the month. This resulting net change is then annualized by multiplying it by 365 and dividing it by the number of calendar days in the month.

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 Rating Information provided for ratings is based upon a good faith inquiry of selected basis.

YTM at Market The yield to maturity at market is the rate of return, based on thesources, but its accuracy and completeness cannot be guaranteed.

Shares of some local government investment programs and TERM funds are distributed by representatives of USBAM's affiliate, U.S. Bancorp Investments, Inc. which is registered with the SEC as a broker/dealer and is a member of the Financial Industry Regulatory Authority (“FINRA”) and the Municipal Securities Rulemaking Board (“MSRB”). You may reach the FINRA by calling the FINRA Hotline at 1-800-289-9999 or at the FINRA website address
current market value, the annual interest receipts, maturity value and the time period remaining until maturity, stated as a percentage, on an annualized basis.

Managed Account A portfolio of investments managed discretely by PFMAM according to the client’s specific investment policy and requirements. The investments are directly owned by the client and held by the client’s custodian.

Unsettled Trade A trade which has been executed however the final https://www.finra.org/investors/investor-contacts. A brochure describing the FINRA Regulation Public Disclosure Program is also available from FINRA upon request.

Key Terms and Definitions
consummation of the security transaction and payment has not yet taken place.

Please review the detail pages of this statement carefully. If you think your Dividends on local government investment program funds consist of interest earned, statement is wrong, missing account information, or if you need more information plus any discount ratably amortized to the date of maturity, plus all realized gains and about a transaction, please contact PFMAM within 60 days of receipt. If you have other concerns or questions regarding your account, or to request an updatedlosses on the sale of securities prior to maturity, less ratable amortization of any premium and all accrued expenses to the fund. Dividends are accrued daily and may copy of PFMAM's current disclosure statement, please contact a member of your be paid either monthly or quarterly. The monthly earnings on this statement represent client management team at PFMAM Service Operations at the address below.

PFM Asset Management
Attn: Service Operations
213 Market Street
the estimated dividend accrued for the month for any program that distributes earnings on a quarterly basis. There is no guarantee that the estimated amount will be paid on the actual distribution date.

Current Yield is the net change, exclusive of capital changes and income other than investment income, in the value of a hypothetical fund account with a balance of one share over the seven-day base period including the statement date, expressed as a percentage of the value of one share (normally $1.00 per share) at the beginning of the seven-day period. This resulting net change in account value is then annualized by multiplying it by
Harrisburg, PA 17101
NOT FDIC INSURED ꢀ ꢀ NO BANK GUARANTEE ꢀ ꢀ MAY LOSE VALUE

Account Statement - Transaction Summary

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
CAMP Pool Asset Summary
Opening Market Value
Purchases
Redemptions
Unsettled Trades
Change in Value
209,186.56
1,689,612.46
(1,456,513.13)

0.00 February 28, 2025 January 31, 2025
CAMP Pool 442,285.89 209,186.56
CAMP Managed Account 54,163,480.01 53,784,412.77

0.00 Total $54,605,765.90 $53,993,599.33
Closing Market Value
Cash Dividends and Income
CAMP Managed Account
$442,285.89
Asset Allocation505.52
CAMP Pool

0.81%
Opening Market Value
Purchases
Redemptions
Unsettled Trades
Change in Value
53,784,412.77
1,444,693.36
(1,475,858.48)

0.00 410,232.36
Closing Market Value $54,163,480.01
Cash Dividends and Income 203,517.14
CAMP Managed
Account

99.19%
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Managed Account Summary Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Transaction Summary - Money Market
Opening Market Value
Transaction Summary - Managed Account Account Total
Opening Market Value$209,186.56 Opening Market Value $53,784,412.77 $53,993,599.33 Purchases
Redemptions
1,689,612.46
(1,456,513.13)
Maturities/Calls (507,460.04)
(968,398.44)
1,444,693.36

0.00 Principal Dispositions
Principal Acquisitions
Unsettled Trades
Change in Current Value 410,232.36_______________________________________________ _______________________________________________ ____________________________________________________ Closing Market Value $442,285.89 Closing Market Value $54,163,480.01 Closing Market Value $54,605,765.90 Dividend 505.52
Earnings Reconciliation (Cash Basis) - Managed Account Cash Balance Interest/Dividends/Coupons Received
Less Purchased Interest Related to Interest/Coupons
Plus Net Realized Gains/Losses
211,386.60
(5,653.49)
(2,215.97)
Closing Cash Balance $0.00
Total Cash Basis Earnings $203,517.14
TotalEarnings Reconciliation (Accrual Basis) Managed Account 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
53,974,679.60
277,239.54
975,843.19
508,205.04
203,196.85
(1,450,346.85)
(53,991,732.49)
(333,587.10)

0.00 54,416,965.49
277,239.54
2,432,356.32
508,205.04
203,196.85
Maturities/Calls
Sale Proceeds
Coupon/Interest/Dividend Income
Principal Payments
Security Purchases
430,745.00
975,843.19
203,196.85
77,460.04
(1,450,346.85)
(236,898.23)

0.00 (3,139,959.31) Net Cash Contribution
(54,200,919.05) Reconciling Transactions
(333,587.10)
505.52
Total Accrual Basis Earnings $163,497.78 $164,003.30
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Portfolio Summary and Statistics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Account Summary Sector Allocation
Description Par Value Market Value Percent
ABS

8.98%
Bank Note

0.97%
Cert of Deposit

1.66%
U.S. Treasury Bond / Note
Municipal Bond / Note
Federal Agency Commercial
Mortgage-Backed Security
Federal Agency Bond / Note
Corporate Note
Certificate of Deposit
Bank Note
Asset-Backed Security
Managed Account Sub-Total
Accrued Interest
25,000,000.00
1,235,000.00
8,583,560.45
24,150,532.32
1,227,802.21
8,599,051.49

44.22 2.25

15.75 US TSY Bond / Note

44.22%
2,275,000.00
11,695,000.00
900,000.00
525,000.00
4,866,789.59
55,080,350.04
2,227,972.08
11,617,741.75
907,222.50
529,179.53
4,903,978.13
54,163,480.01 99.19%
277,239.54
54,440,719.55
442,285.89
54,883,005.44 100.00%

4.08 21.28

1.66 0.97

8.98 Corporate Note

19.81%
Fed Agy Bond /
Note

4.08%
Federal Agency
Commercial
Mortgage-Backed
Security
Priv Placement
Bond

1.47%
Muni Bond / Note

2.25%Total Portfolio
CAMP Pool
Total Investments
55,080,350.04
442,285.89
55,522,635.93

0.81 Joint Powers
Authority

0.81%

15.75%
Unsettled Trades 0.00 0.00
Maturity Distribution Characteristics
Yield to Maturity at Cost 4.06%

4.27%
1028

53.39%
Yield to Maturity at Market
Weighted Average Days to Maturity

19.86%

8.00% 7.22%6.14%5.39%

0.00%
Over 5 Years0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Managed Account Issuer Summary

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Issuer Summary Credit Quality (S&P Ratings)
Market Value
of Holdings
224,391.60
380,677.88
342,573.46
470,609.58
1,401,044.17
751,143.18
353,022.16
224,373.60
456,464.55
167,289.50
458,320.38
785,026.95
371,004.38
83,100.42
442,285.89
736,464.36
107,712.80
214,672.95
293,409.60
64,855.83
425,682.18
780,760.50
382,244.63
672,352.59
147,091.80
9,181,626.53
1,498,305.24
353,497.20
118,458.52
224,533.58
184,692.08
140,134.65
Issuer
Abbott Laboratories
Adobe Inc
Air Products and Chemicals Inc
Amazon.com Inc
Percent

0.41 0.70

0.63 0.86

2.57 1.38

0.65 0.41

0.84 0.31

0.84 1.44

0.68 0.15

0.81 1.35

0.20 0.39

0.54 0.12

0.78 1.43

0.70 1.23

0.27 16.81

2.74 0.65

0.22 0.41

0.34 0.26
A
NR

2.18%
AAAm

0.81%
AAA

9.16%
AA-

4.52%

4.76%
A+

4.34%
A-

4.39%
A-1+

0.83%
AA
American Express Co
Apple Inc
BA Credit Card Trust
Bank of America Corp
Bank of New York Mellon Corp
Bayerische Motoren Werke AG
Berkshire Hathaway Inc
BlackRock Inc
Bristol-Myers Squibb Co
California State University
CAMP Pool
Capital One Financial Corp
CarMax Inc
Caterpillar Inc
Charles Schwab Corp
Cintas Corp
Cisco Systems Inc

3.58%
AA+

65.43%
Citigroup Inc
Deere & Co
Discover Card Execution Note Trust
Federal Home Loan Banks
Federal Home Loan Mortgage Corp
Federal National Mortgage Association
Fifth Third Auto Trust
Ford Credit Auto Owner Trust
General Dynamics Corp
GM Financial Consumer Automobile Receiv
Harley-Davidson Inc
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Managed Account Issuer Summary

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Market Value
of Holdings
403,593.53
417,812.21
394,864.80
1,667.40
Issuer
Home Depot Inc
Percent

0.74 0.77

0.72 0.00

0.41 0.75

0.11 1.35

0.97 1.36

0.71 0.59

0.16 0.83

0.75 0.23

0.56 0.37

0.18 0.07

0.16 0.83

0.38 0.69

0.41 44.23

0.40 0.15
Honda Auto Receivables Owner Trust
Honda Motor Co Ltd
Hyundai Auto Receivables Trust
International Business Machines Corp
JPMorgan Chase & Co
Lockheed Martin Corp
Microsoft Corp
Morgan Stanley
National Australia Bank Ltd
National Rural Utilities Cooperative Fi
New York State Urban Development Corp
Nissan Auto Receivables Owner Trust
Nordea Bank Abp
224,646.07
410,408.78
60,234.72
738,726.00
529,179.53
745,331.50
389,671.60
324,594.08
90,050.42
453,568.05
409,792.54
128,045.58
306,845.76
202,253.40
98,533.40
Roche Holding AG
San Juan Unified School District
State Board of Administration Finance C
State of California
State of Minnesota
Target Corp 38,406.24
85,859.35Texas Instruments Inc
Toronto-Dominion Bank
Toyota Auto Receivables Owner Trust
Toyota Motor Corp
United Services Automobile Association
United States Treasury
453,654.45
205,992.79
378,203.62
224,468.10
24,150,532.32
216,577.35
84,429.57
UnitedHealth Group Inc
University of California Board of Regen
Total $54,605,765.90 100.00%
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Security Type/Description S&P Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
ValueDated Date/Coupon/Maturity CUSIP Par Rating Rating Date U.S. Treasury Bond / Note

US TREASURY N/B
DTD 06/30/2020 0.250% 06/30/2025
912828ZW3
912828U24
91282CEN7
91282CFB2
91282CFB2
91282CFB2
91282CFB2
91282CFZ9
91282CFZ9
91282CGP0
91282CGP0
91282CGP0
91282CGP0
91282CCH2
50,000.00 AA+
625,000.00 AA+
200,000.00 AA+
375,000.00 AA+
400,000.00 AA+
600,000.00 AA+
825,000.00 AA+
1,175,000.00 AA+
1,200,000.00 AA+
400,000.00 AA+
600,000.00 AA+
1,350,000.00 AA+
2,450,000.00 AA+
225,000.00 AA+
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
04/01/21
01/13/23
01/31/23
05/01/23
03/02/23
07/03/23
06/02/23
01/02/24
12/01/23
04/03/24
02/02/24
03/01/24
05/01/24
07/01/24
04/05/21
01/17/23
02/03/23
05/05/23
03/06/23
07/07/23
06/06/23
01/05/24
12/05/23
04/05/24
02/06/24
03/06/24
05/06/24
07/03/24
49,031.25 0.71
587,011.72 3.72
192,570.31 3.70
362,329.10 3.62
373,265.62 4.44
565,640.63 4.30
786,779.30 3.97
1,170,501.95 3.98
1,184,109.38 4.24
393,640.63 4.45
602,507.81 3.89
1,335,287.11 4.30
2,383,390.63 4.79
198,641.60 4.49

20.72 3,660.22
1,838.40
826.14
49,924.23
608,043.86
196,205.91
367,780.53
385,335.99
579,592.62
802,763.42
1,171,830.85
1,189,042.46
395,113.33
601,850.44
1,338,927.41
2,396,699.93
202,676.22
49,351.95
604,248.13
194,875.00
364,350.75
388,640.80
582,961.20
801,571.65
1,171,328.13
1,196,250.00
400,046.80
600,070.20
1,350,157.95
2,450,286.65
205,848.68

US TREASURY N/B
DTD 11/15/2016 2.000% 11/15/2026

US TREASURY N/B
DTD 05/02/2022 2.750% 04/30/2027

US TREASURY N/B
DTD 08/01/2022 2.750% 07/31/2027

US TREASURY N/B
DTD 08/01/2022 2.750% 07/31/2027
881.22

US TREASURY N/B
DTD 08/01/2022 2.750% 07/31/2027
1,321.82
1,817.51
11,382.81
11,625.00

43.48 US TREASURY N/B
DTD 08/01/2022 2.750% 07/31/2027

US TREASURY N/B
DTD 11/30/2022 3.875% 11/30/2027

US TREASURY N/B
DTD 11/30/2022 3.875% 11/30/2027

US TREASURY N/B
DTD 02/28/2023 4.000% 02/29/2028

US TREASURY N/B
DTD 02/28/2023 4.000% 02/29/2028

65.22 US TREASURY N/B
DTD 02/28/2023 4.000% 02/29/2028
146.74

US TREASURY N/B
DTD 02/28/2023 4.000% 02/29/2028
266.30
US TREASURY N/B 466.16
DTD 06/30/2021 1.250% 06/30/2028
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Security Type/Description S&P Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
ValueDated Date/Coupon/Maturity CUSIP Par Rating Rating Date U.S. Treasury Bond / Note

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2
91282CCH2
91282CCH2
91282CCH2
91282CJR3
91282CJR3
91282CJR3
91282CJR3
1,275,000.00 AA+
1,300,000.00 AA+
2,400,000.00 AA+
2,900,000.00 AA+
1,200,000.00 AA+
1,375,000.00 AA+
1,475,000.00 AA+
2,600,000.00 AA+
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
09/04/24
08/01/24
10/01/24
06/06/24
10/31/24
01/02/25
02/03/25
12/03/24
09/06/24
08/05/24
10/07/24
06/11/24
11/05/24
01/07/25
02/06/25
12/06/24
1,169,364.26 3.59
1,173,960.94 3.96
2,211,468.75 3.51
2,565,253.91 4.39
1,182,093.75 4.14
1,344,653.32 4.36
1,444,693.36 4.33
2,565,773.44 4.10
2,641.57
2,693.37
4,972.38
6,008.29
7,458.56
8,546.27
9,167.82
16,160.22
1,181,906.56
1,191,143.74
2,230,372.35
2,620,415.75
1,183,363.64
1,345,690.35
1,445,152.91
2,567,596.81
1,166,475.83
1,189,347.90
2,195,719.20
2,653,160.70
1,188,422.40
1,361,734.00
1,460,769.20
2,574,915.20

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028

US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028

US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028

US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028

US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
Security Type Sub-Total
Municipal Bond / Note
25,000,000.00 23,841,968.77 4.14 92,010.22 24,051,429.31 24,150,532.32 NY ST URBAN DEV-F-1
DTD 12/23/2020 0.870% 03/15/2025
650036DT0
91412HGE7
341271AD6
341271AD6
341271AD6
325,000.00 NR
85,000.00 AA
65,000.00 AA
85,000.00 AA
160,000.00 AA
NR 12/16/20
07/10/20
09/03/20
09/03/20
09/03/20
12/23/20
07/16/20
09/16/20
09/16/20
09/16/20
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
1,303.79
221.00
136.28
178.22
335.47
325,000.00
85,000.00
65,031.97
85,039.20
160,000.00
324,594.08
84,429.57
64,338.63
84,135.13
158,372.00

UNIV OF CALIFORNIA-BG (CALLABLE)
DTD 07/16/2020 0.883% 05/15/2025
Aa2
Aa2
Aa2
Aa2

FLORIDA ST BRD OF ADM
DTD 09/16/2020 1.258% 07/01/2025

FLORIDA ST BRD OF ADM
DTD 09/16/2020 1.258% 07/01/2025

FLORIDA ST BRD OF ADM
DTD 09/16/2020 1.258% 07/01/2025
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Security Type/Description S&P Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
ValueDated Date/Coupon/Maturity CUSIP Par Rating Rating Date Municipal Bond / Note

MINNESOTA ST-F-UNREF
DTD 08/25/2020 0.630% 08/01/2025
60412AK85
798306WP7
13077DQD7
13063D3N6
100,000.00 AAA
130,000.00 NR
85,000.00 AA-
200,000.00 AA-
Aaa
Aa2
Aa2
Aa2
05/07/24
10/16/20
07/09/21
03/09/23
05/07/24
10/29/20
07/29/21
03/15/23
100,000.00 0.63
130,000.00 0.85
85,000.00 0.86
200,000.00 4.85

52.50 92.30
100,000.00
130,000.00
85,000.00
200,000.00
98,533.40
128,045.58
83,100.42
202,253.40

SAN JUAN CA UNIF SCH
DTD 10/29/2020 0.852% 08/01/2025

CALIFORNIA ST UNIV-B
DTD 07/29/2021 0.862% 11/01/2025
244.23
4,846.00CA ST
DTD 03/15/2023 4.846% 03/01/2027
Security Type Sub-Total 1,235,000.00 1,236,023.10 1.58 7,409.79 1,235,071.17 1,227,802.21 Federal Agency Commercial Mortgage-Backed Security
FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
3137BNGT5
3137BSP72
3137BTUM1
3137BXQY1
3137F1G44
3137HBC69
3137HAD45
3137HACX2
259,487.68 AA+
550,000.00 AA+
369,040.27 AA+
550,000.00 AA+
550,000.00 AA+
389,838.31 AA+
434,827.49 AA+
550,000.00 AA+
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
04/11/23
04/06/23
05/19/23
08/16/23
06/08/23
12/06/23
07/19/23
07/13/23
04/14/23
04/12/23
05/24/23
08/18/23
06/13/23
12/14/23
07/27/23
07/20/23
248,743.27 4.32
526,839.84 3.98
357,680.76 4.29
518,804.69 4.94
527,033.20 4.42
389,835.19 4.86
434,816.65 4.78
555,493.40 4.59
593.58
1,215.96
1,029.31
1,477.67
1,486.38
1,578.20
1,730.98
2,208.71
256,009.97
539,804.18
363,419.07
532,105.39
537,229.67
389,837.14
434,820.17
553,695.28
255,691.89
536,704.85
363,025.66
538,758.00
538,655.15
394,572.12
437,218.17
557,129.65
FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Security Type/Description S&P Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
ValueDated Date/Coupon/Maturity CUSIP Par Rating Rating Date Federal Agency Commercial Mortgage-Backed Security
FNA 2023-M6 A2
DTD 07/01/2023 4.182% 07/01/2028
3136BQDE6
3137HAQ74
3137HAMH6
3137HAST4
3137HAMS2
3137HB3D4
3137HB3G7
3137HBLV4
3137HDV56
3137HDJJ0
3137HDXL9
525,366.69 AA+
500,000.00 AA+
800,000.00 AA+
375,000.00 AA+
500,000.00 AA+
180,000.00 AA+
275,000.00 AA+
290,000.00 AA+
440,000.00 AA+
550,000.00 AA+
495,000.00 AA+
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
07/18/23
10/11/23
09/07/23
10/25/23
09/20/23
11/14/23
11/28/23
02/01/24
07/16/24
06/05/24
08/07/24
07/31/23
10/19/23
09/14/23
10/31/23
09/28/23
11/21/23
12/07/23
02/08/24
07/25/24
06/13/24
08/15/24
516,460.09 4.58
489,032.00 5.25
788,165.60 4.99
363,043.88 5.60
494,023.50 5.07
179,479.62 5.14
274,209.93 4.93
292,899.71 4.34
442,702.04 4.58
549,998.35 4.80
499,630.23 4.33
1,830.70
1,975.00
3,100.00
1,515.63
2,000.00
760.35
519,289.94
491,836.31
791,358.03
365,833.91
495,506.87
179,601.92
274,391.36
292,321.70
442,437.81
550,000.00
499,169.72
520,913.69
505,481.00
806,725.60
380,410.13
506,799.50
184,009.32
279,589.20
291,790.17
445,477.56
558,147.15
497,952.68
FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
1,113.75
1,104.90
1,730.67
2,201.38
1,873.99
FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
Security Type Sub-Total 8,583,560.45 8,448,891.95 4.73 30,527.16 8,508,668.44 8,599,051.49 Federal Agency Bond / Note

FREDDIE MAC
DTD 07/23/2020 0.375% 07/21/2025
3137EAEU9
3135G05X7
425,000.00 AA+
350,000.00 AA+
Aaa
Aaa
07/21/20
08/25/20
07/23/20
08/27/20
422,883.50 0.48
348,362.00 0.47
177.08

21.88 424,835.20
349,841.48
418,562.53
343,455.00FANNIE MAE
DTD 08/27/2020 0.375% 08/25/2025
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Security Type/Description S&P Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
ValueDated Date/Coupon/Maturity CUSIP Par Rating Rating Date Federal Agency Bond / Note

FEDERAL HOME LOAN BANK
DTD 09/11/2020 0.375% 09/04/2025
3130AK5E2
3137EAEX3
3135G06G3
150,000.00 AA+
700,000.00 AA+
650,000.00 AA+
Aaa
Aaa
Aaa
09/10/20
09/23/20
11/09/20
09/11/20
09/25/20
11/12/20
149,550.00 0.44
697,893.00 0.44
647,673.00 0.57
276.56
1,152.08
1,029.17
149,954.07
699,763.28
649,681.09
147,091.80
684,926.20
633,936.55

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

FANNIE MAE
DTD 11/12/2020 0.500% 11/07/2025
Security Type Sub-Total
Corporate Note
2,275,000.00 2,266,361.50 0.49 2,656.77 2,274,075.12 2,227,972.08

ROCHE HOLDINGS INC (CALLABLE)
DTD 03/10/2022 2.132% 03/10/2025
771196BT8
437076CM2
17252MAP5
90327QD89
369550BG2
023135BQ8
63254ABD9
63743HFE7
459200KS9
410,000.00 AA Aa2
A2
03/03/22
03/24/22
04/26/22
05/23/22
10/16/20
06/03/20
05/31/22
04/27/22
07/20/22
03/10/22
03/28/22
05/03/22
05/26/22
10/20/20
06/05/20
06/09/22
05/04/22
07/27/22
410,000.00 2.13
24,956.25 2.76
64,985.70 3.46
224,264.25 3.49
252,247.50 0.80
474,767.25 0.81
250,000.00 3.50
49,986.50 3.92
225,000.00 4.00
4,152.07
255.00
410,000.00
24,998.25
64,999.20
224,958.16
225,240.67
474,988.09
250,000.00
49,998.75
225,000.00
409,792.54
24,941.78
64,855.83
224,468.10
224,533.58
470,609.58
249,412.00
49,811.80
224,646.07

HOME DEPOT INC (CALLABLE)
DTD 03/28/2022 2.700% 04/15/2025
25,000.00 A
CINTAS CORPORATION NO. 2 (CALLABLE)
DTD 05/03/2022 3.450% 05/01/2025
65,000.00 A-
225,000.00 AA
A3 747.50

USAA CAPITAL CORP
DTD 05/26/2022 3.375% 05/01/2025
Aa1
A2
2,531.25
2,318.75
928.89

GENERAL DYNAMICS CORP (CALLABLE)
DTD 05/11/2018 3.500% 05/15/2025
225,000.00 A
AMAZON.COM INC (CALLABLE)
DTD 06/03/2020 0.800% 06/03/2025
475,000.00 AA
250,000.00 AA-
50,000.00 A-
225,000.00 A-
A1

NATIONAL AUSTRALIA BK/NY
DTD 06/09/2022 3.500% 06/09/2025
Aa2
A2
1,993.06
364.17NATIONAL RURAL UTIL COOP
DTD 05/04/2022 3.450% 06/15/2025
IBM CORP A3 850.00
DTD 07/27/2022 4.000% 07/27/2025
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Security Type/Description S&P Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
ValueDated Date/Coupon/Maturity CUSIP Par Rating Rating Date Corporate Note

BANK OF AMERICA CORP
DTD 07/30/2015 3.875% 08/01/2025
06051GFS3
002824BM1
91324PEC2
05565EBW4
14913R2U0
87612EBM7
06406RBA4
594918BY9
025816CS6
084664CZ2
808513BW4
63254ABE7
037833DB3
89236TKQ7
225,000.00 A-
225,000.00 AA-
225,000.00 A+
A1
Aa3
A2
08/18/20
09/24/20
05/17/21
08/12/21
01/11/22
01/19/22
01/26/22
03/14/23
01/13/23
03/15/22
02/17/23
01/13/23
01/19/23
02/08/23
08/20/20
09/28/20
05/19/21
08/16/21
01/13/22
01/24/22
01/28/22
03/17/23
01/18/23
03/17/22
02/22/23
01/18/23
01/23/23
02/10/23
256,918.50 0.93
257,845.50 0.86
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
741,062.75 3.94
376,282.50 4.55
726.56
4,020.31
761.88
227,688.25
227,012.92
224,905.39
174,984.77
224,577.78
39,974.41
224,373.60
224,391.60
216,577.35
167,289.50
214,672.95
38,406.24

ABBOTT LABORATORIES (CALLABLE)
DTD 03/22/2017 3.875% 09/15/2025

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

BMW US CAPITAL LLC (CALLABLE)
DTD 08/12/2021 1.250% 08/12/2026
175,000.00
225,000.00
40,000.00
475,000.00
A
A
A
A
A2 115.45

CATERPILLAR FINL SERVICE
DTD 01/10/2022 1.700% 01/08/2027
A2 563.13

TARGET CORP (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
A2 99.67

BANK OF NY MELLON CORP (CALLABLE)
DTD 01/26/2022 2.050% 01/26/2027
Aa3
Aaa
A2
946.70 474,598.26
736,061.50
288,908.32
471,362.25
292,355.48
493,959.42
756,475.83
375,746.19
456,464.55
738,726.00
289,332.00
458,320.38
293,409.60
495,919.50
751,143.18
378,203.62

MICROSOFT CORP (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
750,000.00 AAA
300,000.00 A-
475,000.00 AA
300,000.00 A-
500,000.00 AA-
775,000.00 AA+
375,000.00 A+
1,718.75
3,761.25
5,037.64
4,125.00
4,447.36
10,550.76
2,360.68

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

BERKSHIRE HATHAWAY FIN (CALLABLE)
DTD 03/15/2022 2.300% 03/15/2027
Aa2
A2CHARLES SCHWAB CORP (CALLABLE)
DTD 09/24/2021 3.300% 04/01/2027

NATIONAL AUSTRALIA BK/NY
DTD 06/09/2022 3.905% 06/09/2027
Aa2
Aaa
A1

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

TOYOTA MOTOR CREDIT CORP
DTD 01/12/2023 4.625% 01/12/2028
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Security Type/Description S&P Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
ValueDated Date/Coupon/Maturity CUSIP Par Rating Rating Date Corporate Note

NATIONAL RURAL UTIL COOP (CALLABLE)
DTD 02/07/2018 3.400% 02/07/2028
637432NP6
882508BV5
110122DE5
539830BZ1
24422EXB0
17325FBB3
009158BH8
17275RBR2
09290DAA9
09290DAA9
00724PAF6
00724PAF6
437076DC3
437076DC3
350,000.00 A-
85,000.00 A+
A1
Aa3
A2
02/17/23
05/11/23
03/09/23
05/23/23
07/21/23
10/02/23
02/06/24
02/21/24
03/05/24
03/06/24
04/02/24
04/01/24
06/17/24
06/18/24
02/22/23
05/18/23
03/13/23
05/25/23
07/25/23
10/04/23
02/08/24
02/26/24
03/14/24
03/14/24
04/04/24
04/04/24
06/25/24
06/25/24
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
746,280.00 5.92
339,547.80 4.63
419,853.00 4.86
49,909.50 4.74
725,355.25 4.69
169,775.60 4.83
204,694.55 4.83
124,193.75 4.90
248,627.50 4.88
793.33
173.78
337,688.28
86,259.91
364,931.88
59,930.37
376,942.56
747,224.96
339,635.64
419,881.07
49,925.50
725,295.43
169,812.73
204,744.83
124,292.99
248,797.00
339,859.80
85,859.35
371,004.38
60,234.72
382,244.63
780,760.50
342,573.46
425,682.18
50,646.90
734,380.05
172,573.97
208,103.91
126,217.25
252,434.50

TEXAS INSTRUMENTS INC (CALLABLE)
DTD 11/18/2022 4.600% 02/15/2028

BRISTOL-MYERS SQUIBB CO (CALLABLE)
DTD 07/15/2020 3.900% 02/20/2028
375,000.00 A 446.88

LOCKHEED MARTIN CORP (CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028
60,000.00 A- A2 786.17

JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
375,000.00 A A1 2,423.44
18,376.17
999.22

CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
750,000.00 A+ Aa3
A2AIR PRODUCTS & CHEMICALS (CALLABLE)
DTD 02/08/2024 4.600% 02/08/2029
340,000.00 A

CISCO SYSTEMS INC (CALLABLE)
DTD 02/26/2024 4.850% 02/26/2029
420,000.00 AA-
50,000.00 AA-
725,000.00 AA-
170,000.00 A+
205,000.00 A+
A1 282.92

BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
Aa3
Aa3
A1
1,090.14
15,807.01
3,332.00
4,018.00
1,088.54
2,177.08

BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029

ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029

ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
A1

HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029
125,000.00
250,000.00
A
A
A2
HOME DEPOT INC (CALLABLE) A2
DTD 06/25/2024 4.750% 06/25/2029
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Security Type/Description S&P Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
ValueDated Date/Coupon/Maturity CUSIP Par Rating Rating Date Corporate Note
AMERICAN HONDA FINANCE 02665WFQ9 400,000.00 A- A3 09/03/24 09/05/24 399,520.00 4.43 8,604.44 399,562.73 394,864.80 DTD 09/05/2024 4.400% 09/05/2029
Security Type Sub-Total
Certificate of Deposit
11,695,000.00 11,624,108.55 3.80 113,774.95 11,613,719.77 11,617,741.75

TORONTO DOMINION BANK NY
DTD 10/31/2022 5.600% 10/27/2025
89115B6K1
65558UYF3
450,000.00 A-
450,000.00 A-1+
A2 10/27/22
11/02/22
10/31/22
11/03/22
450,000.00 5.60
450,000.00 5.53
8,890.00
8,156.75
450,000.00
450,000.00
453,654.45
453,568.05NORDEA BANK ABP NEW YORK P-1
DTD 11/03/2022 5.530% 11/03/2025
Security Type Sub-Total
Bank Note
900,000.00 900,000.00 5.57 17,046.75 900,000.00 907,222.50

MORGAN STANLEY BANK NA (CALLABLE)
DTD 07/19/2024 4.968% 07/14/2028
61690U8E3 525,000.00 A+ Aa3 07/18/24 07/19/24 525,525.00 4.94 3,405.15 525,423.42 529,179.53 Security Type Sub-Total
Asset-Backed Security
525,000.00 525,525.00 4.94 3,405.15 525,423.42 529,179.53 HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
43815GAC3
44935FAD6
362554AC1
14318MAD1
65480JAC4
36265QAD8
8,482.73 NR
1,669.77 AAA
Aaa
NR
11/16/21
11/09/21
10/13/21
07/12/22
09/20/22
10/04/22
11/24/21
11/17/21
10/21/21
07/20/22
09/28/22
10/12/22
8,480.94 0.89
1,669.40 0.75
11,733.61 0.68
108,064.60 3.97
90,057.90 4.46
172,829.61 4.82

2.07 0.55
8,482.35
1,669.67
8,442.11
1,667.40HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
11,733.91 AAA
108,067.16 AAA
90,076.54 AAA
172,857.94 AAA
Aaa
NR

3.32 11,733.81
108,066.01
90,067.65
172,843.57
11,659.90
107,712.80
90,050.42
173,032.18
CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
190.68
178.55
347.16
NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
Aaa
NRGMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Security Type/Description S&P Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
ValueDated Date/Coupon/Maturity CUSIP Par Rating Rating Date Asset-Backed Security
TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
891940AC2
14041NGB1
41285JAD0
344928AD8
43815QAC1
254683CY9
05522RDG0
02582JJZ4
14041NGD7
254683CZ6
438123AC5
31680EAD3
161571HT4
02582JKD1
205,862.48 AAA
245,000.00 AAA
139,676.79 NR
118,362.29 AAA
320,000.00 AAA
320,000.00 NR
170,000.00 AAA
190,000.00 AAA
490,000.00 AAA
350,000.00 AAA
85,000.00 NR
NR
NR
01/24/23
10/27/22
02/13/23
03/28/23
08/15/23
04/04/23
06/08/23
06/07/23
05/17/23
06/21/23
11/01/23
08/15/23
09/07/23
09/12/23
01/30/23
11/03/22
02/23/23
03/31/23
08/22/23
04/11/23
06/16/23
06/14/23
05/24/23
06/28/23
11/08/23
08/23/23
09/15/23
09/19/23
205,862.38 4.63
244,961.56 4.95
139,662.72 5.05
118,349.94 4.65
319,934.02 5.42
319,981.44 4.31
169,961.51 4.79
189,983.15 4.87
489,887.64 4.42
349,952.72 4.93
84,985.03 5.67
349,978.30 5.53
404,887.73 5.17
409,981.67 5.23
423.62
539.00
313.50
244.62
625.16
612.98
361.91
411.24
962.58
766.89
133.88
860.22
928.80
953.02
205,862.42
244,979.64
139,668.63
118,354.80
319,956.43
319,988.55
169,974.89
189,989.02
489,927.60
349,968.67
84,989.01
205,992.79
245,845.98
140,134.65
118,458.52
323,164.80
320,109.44
170,967.64
191,238.99
490,618.38
352,243.15
86,205.30
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
Aaa
NRFORDO 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
NR
DCENT 2023-A1 A
DTD 04/11/2023 4.310% 03/15/2028
Aaa
NRBACCT 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
Aaa
NR
HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
350,000.00 AAA
405,000.00 AAA
410,000.00 AAA
349,984.94
404,917.64
409,986.78
353,497.20
410,408.78
416,012.24
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
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Managed Account Detail of Securities Held

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Security Type/Description S&P Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
ValueDated Date/Coupon/Maturity CUSIP Par Rating Rating Date Asset-Backed Security
BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
05522RDH8
02582JKH2
180,000.00 NR
495,000.00 AAA
Aaa
NR
12/07/23
04/16/24
12/14/23
04/23/24
179,975.83 4.98
494,898.53 5.23
398.40 179,981.76
494,898.53
182,054.52
504,460.94AMXCA 2024-1 A 1,150.60
DTD 04/23/2024 5.230% 04/16/2029
Security Type Sub-Total 4,866,789.59
55,080,350.04
4,866,080.23 4.93

4.06 10,408.75 4,866,292.37
53,974,679.60
4,903,978.13
54,163,480.01Managed Account Sub-Total
Joint Powers Authority
CAMP Pool
53,708,959.10 277,239.54
442,285.89 AAAm NR 442,285.89 0.00 442,285.89 442,285.89 Liquid Sub-Total 442,285.89 442,285.89 0.00 442,285.89 442,285.89 Securities Sub-Total
Accrued Interest
Total Investments
$55,522,635.93 $54,151,244.99 4.06% $277,239.54 $54,416,965.49 $54,605,765.90 $277,239.54
$54,883,005.44
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Security Type/Description Next Call
Date
Market
Price
Market
Value
Unreal G/L
On Cost
Unreal G/L
Amort Cost
Effective
Duration
YTM
at MktDated Date/Coupon/Maturity CUSIP Par Broker
U.S. Treasury Bond / Note

US TREASURY N/B
DTD 06/30/2020 0.250% 06/30/2025

US TREASURY N/B
DTD 11/15/2016 2.000% 11/15/2026

US TREASURY N/B
DTD 05/02/2022 2.750% 04/30/2027

US TREASURY N/B
DTD 08/01/2022 2.750% 07/31/2027

US TREASURY N/B
DTD 08/01/2022 2.750% 07/31/2027

US TREASURY N/B
DTD 08/01/2022 2.750% 07/31/2027

US TREASURY N/B
DTD 08/01/2022 2.750% 07/31/2027

US TREASURY N/B
DTD 11/30/2022 3.875% 11/30/2027

US TREASURY N/B
DTD 11/30/2022 3.875% 11/30/2027

US TREASURY N/B
DTD 02/28/2023 4.000% 02/29/2028

US TREASURY N/B
DTD 02/28/2023 4.000% 02/29/2028

US TREASURY N/B
DTD 02/28/2023 4.000% 02/29/2028

US TREASURY N/B
DTD 02/28/2023 4.000% 02/29/2028

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028

US TREASURY N/B
912828ZW3
912828U24
91282CEN7
91282CFB2
91282CFB2
91282CFB2
91282CFB2
91282CFZ9
91282CFZ9
91282CGP0
91282CGP0
91282CGP0
91282CGP0
91282CCH2
91282CCH2
91282CCH2
91282CCH2
50,000.00 GoldmanS
625,000.00 JPMorgan
200,000.00 BNPPSA
375,000.00 MorganSt
400,000.00 BMO

98.70 96.68

97.44 97.16

97.16 97.16

97.16 99.69

99.69 100.01
100.01
100.01
100.01

91.49 91.49

91.49 91.49
49,351.95
604,248.13
194,875.00
364,350.75
388,640.80
582,961.20
801,571.65
1,171,328.13
1,196,250.00
400,046.80
600,070.20
1,350,157.95
2,450,286.65
205,848.68
1,166,475.83
1,189,347.90
2,195,719.20
320.70
17,236.41
2,304.69
(572.28)
(3,795.73)
(1,330.91)
(3,429.78)
3,304.81

0.33 1.66

2.06 2.30

2.30 2.30

2.30 2.56

2.56 2.80

2.80 2.80

2.80 3.20

3.20 3.20

3.20 5.10

4.12 4.08

4.08 4.08

4.08 4.08

4.08 4.08

4.07 4.07

4.07 4.07

4.07 4.07

4.07 4.07
2,021.65
15,375.18
17,320.57
14,792.35
826.18
600,000.00 Citigrou
825,000.00 HSBC
3,368.58
(1,191.77)
(502.72)1,175,000.00 Citigrou
1,200,000.00 HSBC
400,000.00 JPMorgan
600,000.00 Citigrou
1,350,000.00 Citigrou
2,450,000.00 HSBC
225,000.00 BMO
12,140.62
6,406.17
7,207.54
4,933.47
(2,437.61)
14,870.84
66,896.02
7,207.08
(1,780.24)
11,230.54
53,586.72
3,172.46
1,275,000.00 MorganSt
1,300,000.00 BMO
2,400,000.00 BMO
(2,888.43)
15,386.96
(15,749.55)
(15,430.73)
(1,795.84)
(34,653.15)
DTD 06/30/2021 1.250% 06/30/2028

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Security Type/Description Next Call
Date
Market
Price
Market
Value
Unreal G/L
On Cost
Unreal G/L
Amort Cost
Effective
Duration
YTM
at MktDated Date/Coupon/Maturity CUSIP Par Broker
U.S. Treasury Bond / Note

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028

US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028

US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028

US TREASURY N/B
91282CCH2
91282CJR3
91282CJR3
91282CJR3
91282CJR3
2,900,000.00 BMO 91.49

99.04 99.04

99.04 99.04
2,653,160.70
1,188,422.40
1,361,734.00
1,460,769.20
2,574,915.20
87,906.79
6,328.65
17,080.68
16,075.84
9,141.76
32,744.95
5,058.76
16,043.65
15,616.29
7,318.39

3.20 3.52

3.52 3.52

3.52 4.07

4.10 4.10

4.10 4.10
1,200,000.00 Citigrou
1,375,000.00 MorganSt
1,475,000.00 JPMorgan
2,600,000.00 MorganSt
DTD 01/02/2024 3.750% 12/31/2028

US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
Security Type Sub-Total
Municipal Bond / Note
25,000,000.00 24,150,532.32 308,563.55 99,103.01 3.01 4.08 NY ST URBAN DEV-F-1 650036DT0
91412HGE7
341271AD6
341271AD6
341271AD6
60412AK85
798306WP7
13077DQD7
13063D3N6
325,000.00 WellsFar
85,000.00 JPMorgan
65,000.00 BOFAML
85,000.00 BOFAML
160,000.00 BOFAML
100,000.00 XCHANGE
130,000.00 KEYB

99.88 99.33

98.98 98.98

98.98 98.53

98.50 97.77
101.13
324,594.08
84,429.57
64,338.63
84,135.13
158,372.00
98,533.40
128,045.58
83,100.42
202,253.40
(405.92)
(570.43)
(405.92)
(570.43)

0.04 0.21

0.33 0.33

0.33 0.41

0.41 0.65

1.89 4.61

4.31 4.52

4.52 4.52

4.32 4.60

4.38 4.34
DTD 12/23/2020 0.870% 03/15/2025

UNIV OF CALIFORNIA-BG (CALLABLE)
DTD 07/16/2020 0.883% 05/15/2025

FLORIDA ST BRD OF ADM
DTD 09/16/2020 1.258% 07/01/2025

FLORIDA ST BRD OF ADM
DTD 09/16/2020 1.258% 07/01/2025

FLORIDA ST BRD OF ADM
DTD 09/16/2020 1.258% 07/01/2025

MINNESOTA ST-F-UNREF
DTD 08/25/2020 0.630% 08/01/2025

SAN JUAN CA UNIF SCH
DTD 10/29/2020 0.852% 08/01/2025

CALIFORNIA ST UNIV-B
DTD 07/29/2021 0.862% 11/01/2025
CA ST
04/15/25
(1,120.92)
(1,428.42)
(1,628.00)
(1,466.60)
(1,954.42)
(1,899.58)
2,253.40
(693.34)
(904.07)
(1,628.00)
(1,466.60)
(1,954.42)
(1,899.58)
2,253.40
85,000.00 JPMorgan
200,000.00 WellsFar
DTD 03/15/2023 4.846% 03/01/2027
Security Type Sub-Total 1,235,000.00 1,227,802.21 (8,220.89) (7,268.96) 0.54 4.48 PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Security Type/Description Next Call
Date
Market
Price
Market
Value
Unreal G/L
On Cost
Unreal G/L
Amort Cost
Effective
Duration
YTM
at MktDated Date/Coupon/Maturity CUSIP Par Broker
Federal Agency Commercial Mortgage-Backed Security
FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
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 4.182% 07/01/2028
FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
FHMS K514 A2
3137BNGT5
3137BSP72
3137BTUM1
3137BXQY1
3137F1G44
3137HBC69
3137HAD45
3137HACX2
3136BQDE6
3137HAQ74
3137HAMH6
3137HAST4
3137HAMS2
3137HB3D4
3137HB3G7
3137HBLV4
3137HDV56
259,487.68 RobertBa
550,000.00 BREAN
369,040.27 Citigrou
550,000.00 MorganSt
550,000.00 Citigrou
389,838.31 JPMorgan
434,827.49 JPMorgan
550,000.00 JPMorgan
525,366.69 JPMorgan
500,000.00 BMO

98.54 97.58
255,691.89
536,704.85
363,025.66
538,758.00
538,655.15
394,572.12
437,218.17
557,129.65
520,913.69
505,481.00
806,725.60
380,410.13
506,799.50
184,009.32
279,589.20
291,790.17
445,477.56
6,948.62
9,865.01
5,344.90
19,953.31
11,621.95
4,736.93
2,401.52
1,636.25
4,453.60
16,449.00
18,560.00
17,366.25
12,776.00
4,529.70
5,379.27
(1,109.54)
2,775.52
(318.08)
(3,099.33)
(393.41)
6,652.61
1,425.48
4,734.98
2,398.00
3,434.37
1,623.75
13,644.69
15,367.57
14,576.22
11,292.63
4,407.40
5,197.84
(531.53)
3,039.75

0.80 1.39

1.57 1.81

1.96 2.64

2.14 2.93

3.06 3.09

3.07 3.17

3.13 3.19

3.23 3.32

3.74 4.42

4.35 4.37

4.35 4.30

4.40 4.50

4.39 4.48

4.39 4.42

4.41 4.38

4.39 4.36

4.40 4.41

98.37 97.96

97.94 101.21
100.55
101.30

99.15 101.10
100.84
101.44
101.36
102.23
101.67
100.62
101.24
800,000.00 WellsFar
375,000.00 MorganSt
500,000.00 BOFAML
180,000.00 JPMorgan
275,000.00 BOFAML
290,000.00 JPMorgan
440,000.00 PIER
DTD 02/01/2024 4.572% 12/01/2028
FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Security Type/Description Next Call
Date
Market
Price
Market
Value
Unreal G/L
On Cost
Unreal G/L
Amort Cost
Effective
Duration
YTM
at MktDated Date/Coupon/Maturity CUSIP Par Broker
Federal Agency Commercial Mortgage-Backed Security
FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
FHMS K526 A2
3137HDJJ0
3137HDXL9
550,000.00 MorganSt
495,000.00 BMO
101.48
100.60
558,147.15
497,952.68
8,148.80 8,147.15 3.64

3.89 4.42

4.42(1,677.55) (1,217.04)
DTD 08/01/2024 4.543% 07/01/2029
Security Type Sub-Total 8,583,560.45 8,599,051.49 150,159.54 90,383.05 2.75 4.40 Federal Agency Bond / Note

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

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

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

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

FANNIE MAE
3137EAEU9
3135G05X7
3130AK5E2
3137EAEX3
3135G06G3
425,000.00 WellsFar
350,000.00 Barclays
150,000.00 WellsFar
700,000.00 Citigrou
650,000.00 Barclays

98.49 98.13

98.06 97.85

97.53 418,562.53
343,455.00
147,091.80
684,926.20
633,936.55
(4,320.97)
(4,907.00)
(2,458.20)
(12,966.80)
(13,736.45)
(6,272.67)
(6,386.48)
(2,862.27)
(14,837.08)
(15,744.54)

0.38 0.48

0.50 0.55

0.67 4.45

4.33 4.28

4.36 4.38
DTD 11/12/2020 0.500% 11/07/2025
Security Type Sub-Total
Corporate Note
2,275,000.00 2,227,972.08 (38,389.42) (46,103.04) 0.54 4.37

ROCHE HOLDINGS INC (CALLABLE)
DTD 03/10/2022 2.132% 03/10/2025

HOME DEPOT INC (CALLABLE)
DTD 03/28/2022 2.700% 04/15/2025
CINTAS CORPORATION NO. 2 (CALLABLE)
DTD 05/03/2022 3.450% 05/01/2025

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

GENERAL DYNAMICS CORP (CALLABLE)
DTD 05/11/2018 3.500% 05/15/2025
AMAZON.COM INC (CALLABLE)
771196BT8
437076CM2
17252MAP5
90327QD89
369550BG2
023135BQ8
410,000.00 Deutsche
25,000.00 MorganSt
65,000.00 KEYB

99.95 99.77

99.78 99.76

99.79 99.08
409,792.54
24,941.78
64,855.83
224,468.10
224,533.58
470,609.58
(207.46)
(14.47)
(207.46)
(56.47)

0.03 0.12

0.17 0.17

0.20 0.26

3.83 4.43

4.70 4.59

4.40 4.42
03/15/25
04/01/25 (129.87) (143.37)
(490.06)
(707.09)
(4,378.51)
225,000.00 BOFAML
225,000.00 JPMorgan
475,000.00 GoldmanS
203.85
03/15/25
05/03/25
(27,713.92)
(4,157.67)
DTD 06/03/2020 0.800% 06/03/2025
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Security Type/Description Next Call
Date
Market
Price
Market
Value
Unreal G/L
On Cost
Unreal G/L
Amort Cost
Effective
Duration
YTM
at MktDated Date/Coupon/Maturity CUSIP Par Broker
Corporate Note

NATIONAL AUSTRALIA BK/NY
DTD 06/09/2022 3.500% 06/09/2025

NATIONAL RURAL UTIL COOP
DTD 05/04/2022 3.450% 06/15/2025

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

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

ABBOTT LABORATORIES (CALLABLE)
DTD 03/22/2017 3.875% 09/15/2025

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

BMW US CAPITAL LLC (CALLABLE)
DTD 08/12/2021 1.250% 08/12/2026

CATERPILLAR FINL SERVICE
63254ABD9
63743HFE7
459200KS9
06051GFS3
002824BM1
91324PEC2
05565EBW4
14913R2U0
87612EBM7
06406RBA4
594918BY9
025816CS6
084664CZ2
808513BW4
63254ABE7
037833DB3
89236TKQ7
250,000.00 Citigrou
50,000.00 RBC Capi
225,000.00 JPMorgan
225,000.00 BOFAML
225,000.00 US_BANC
225,000.00 Citigrou
175,000.00 SUMITR
225,000.00 JPMorgan
40,000.00 Citigrou
475,000.00 Deutsche
750,000.00 GoldmanS
300,000.00 RBS

99.76 99.62

99.84 99.72

99.73 96.26

95.59 95.41

96.02 96.10

98.50 96.44

96.49 97.80

99.18 96.92
100.85
249,412.00
49,811.80
(588.00)
(174.70)
(588.00)
(186.95)

0.27 0.29

0.40 0.41

0.48 1.17

1.41 1.79

1.81 1.83

1.77 1.89

1.93 1.91

2.13 2.32

2.65 4.47

4.59 4.49

4.46 4.43

4.42 4.51

4.35 4.25

4.28 4.17

4.46 4.17

4.48 4.37

4.24 4.37
224,646.07
224,373.60
224,391.60
216,577.35
167,289.50
214,672.95
38,406.24
(353.93) (353.93)
(32,544.90)
(33,453.90)
(8,031.15)
(7,658.00)
(9,190.80)
(1,525.76)
(17,480.95)
16,783.50
12,129.00
(7,768.62)
8,484.60
(3,314.65)
(2,621.32)
(8,328.04)
(7,695.27)
(9,904.83)
(1,568.17)
(18,133.71)
2,664.50
06/15/25
04/15/26
07/12/26
DTD 01/10/2022 1.700% 01/08/2027
TARGET CORP (CALLABLE) 12/15/26
12/24/26
11/06/26
02/01/27
02/15/27
01/01/27
DTD 01/24/2022 1.950% 01/15/2027

BANK OF NY MELLON CORP (CALLABLE)
DTD 01/26/2022 2.050% 01/26/2027

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

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

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

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

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

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

TOYOTA MOTOR CREDIT CORP
DTD 01/12/2023 4.625% 01/12/2028
456,464.55
738,726.00
289,332.00
458,320.38
293,409.60
495,919.50
751,143.18
378,203.62
423.68
475,000.00 SEEL (13,041.87)
1,054.12300,000.00 Barclays
500,000.00 CAS 7,594.50 1,960.08
775,000.00 TD Secur
375,000.00 WellsFar
06/12/27 10,080.43
1,921.12
(5,332.65)
2,457.43
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Security Type/Description Next Call
Date
Market
Price
Market
Value
Unreal G/L
On Cost
Unreal G/L
Amort Cost
Effective
Duration
YTM
at MktDated Date/Coupon/Maturity CUSIP Par Broker
Corporate Note

NATIONAL RURAL UTIL COOP (CALLABLE)
DTD 02/07/2018 3.400% 02/07/2028

TEXAS INSTRUMENTS INC (CALLABLE)
DTD 11/18/2022 4.600% 02/15/2028

BRISTOL-MYERS SQUIBB CO (CALLABLE)
DTD 07/15/2020 3.900% 02/20/2028

LOCKHEED MARTIN CORP (CALLABLE)
DTD 05/25/2023 4.450% 05/15/2028

JOHN DEERE CAPITAL CORP
637432NP6
882508BV5
110122DE5
539830BZ1
24422EXB0
17325FBB3
009158BH8
17275RBR2
09290DAA9
09290DAA9
00724PAF6
00724PAF6
437076DC3
437076DC3
02665WFQ9
350,000.00 MorganSt
85,000.00 JPMorgan
375,000.00 MAXE
11/07/27
01/15/28
11/20/27
04/15/28

97.10 101.01

98.93 339,859.80
85,859.35
371,004.38
60,234.72
382,244.63
780,760.50
342,573.46
425,682.18
50,646.90
734,380.05
172,573.97
208,103.91
126,217.25
252,434.50
394,864.80
10,670.80
(1,184.05)
12,740.63
342.72
2,171.52
(400.56)
6,072.50
304.35

2.69 2.70

2.67 2.89

3.06 3.10

3.53 3.56

3.54 3.54

3.58 3.58

3.80 3.80

3.96 4.48

4.30 4.31

4.31 4.37

4.56 4.43

4.51 4.37

4.37 4.43

4.43 4.51

4.51 4.72
60,000.00 Barclays
375,000.00 Citigrou
750,000.00 Barclays
340,000.00 Barclays
420,000.00 Citigrou
50,000.00 Citigrou
725,000.00 BOFAML
170,000.00 SEEL
100.39
101.93
104.10
100.76
101.35
101.29
101.29
101.51
101.51
100.97
100.97

98.72 4,379.63
34,480.50
3,025.66
5,829.18
737.40
5,302.07
33,535.54
2,937.82
5,801.11
721.40
DTD 07/14/2023 4.950% 07/14/2028
CITIBANK NA (CALLABLE) 08/29/28
01/08/29
01/26/29
02/14/29
02/14/29
03/04/29
03/04/29
05/25/29
05/25/29
DTD 09/29/2023 5.803% 09/29/2028

AIR PRODUCTS & CHEMICALS (CALLABLE)
DTD 02/08/2024 4.600% 02/08/2029

CISCO SYSTEMS INC (CALLABLE)
DTD 02/26/2024 4.850% 02/26/2029

BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029

BLACKROCK FUNDING INC (CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029

ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029

ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029

HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029

HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029

AMERICAN HONDA FINANCE
9,024.80
2,798.37
3,409.36
2,023.50
3,807.00
(4,655.20)
9,084.62
2,761.24
3,359.08
1,924.26
3,637.50
(4,697.93)
205,000.00 BOFAML
125,000.00 MorganSt
250,000.00 PNCBank
400,000.00 Deutsche
DTD 09/05/2024 4.400% 09/05/2029
Security Type Sub-Total
Certificate of Deposit
11,695,000.00 11,617,741.75 (6,366.80) 4,021.98 2.17 4.38 PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Security Type/Description Next Call
Date
Market
Price
Market
Value
Unreal G/L
On Cost
Unreal G/L
Amort Cost
Effective
Duration
YTM
at MktDated Date/Coupon/Maturity CUSIP Par Broker
Certificate of Deposit

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

NORDEA BANK ABP NEW YORK
89115B6K1
65558UYF3
450,000.00 TD Secur
450,000.00 WellsFar
100.81
100.79
453,654.45
453,568.05
3,654.45
3,568.05
3,654.45
3,568.05

0.66 0.65

4.22 4.32
DTD 11/03/2022 5.530% 11/03/2025
Security Type Sub-Total
Bank Note
900,000.00 907,222.50 7,222.50 7,222.50 0.65 4.27

MORGAN STANLEY BANK NA (CALLABLE)
DTD 07/19/2024 4.968% 07/14/2028
61690U8E3 525,000.00 Citigrou 07/14/27 100.80 529,179.53 3,654.53 3,756.11 2.21 4.84 Security Type Sub-Total
Asset-Backed Security
525,000.00 529,179.53 3,654.53 3,756.11 2.21 4.84
HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026
HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
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
43815GAC3
44935FAD6
362554AC1
14318MAD1
65480JAC4
36265QAD8
891940AC2
14041NGB1
41285JAD0
344928AD8
8,482.73 BOFAML
1,669.77 SMBC

99.52 99.86
8,442.11
1,667.40
(38.83)
(2.00)
(40.24)
(2.27)

0.13 0.04

0.17 0.51

0.56 0.50

0.71 0.60

0.70 0.78

11.39 5.09

4.51 4.77

4.66 4.79

4.68 4.54

4.73 4.65
11,733.91 JPMorgan
108,067.16 RBC Capi
90,076.54 WellsFar
172,857.94 RBC Capi
205,862.48 BOFAML
245,000.00 RBC Capi
139,676.79 JPMorgan
118,362.29 BNPPSA

99.37 11,659.90
107,712.80
90,050.42
173,032.18
205,992.79
245,845.98
140,134.65
118,458.52
(73.71)
(351.80)
(7.48)
(73.91)
(353.21)
(17.23)
188.61
130.37
866.34
466.02
103.72

99.67 99.97
100.10
100.06
100.35
100.33
100.08
202.57
130.41
884.42
471.93
108.58
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
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Security Type/Description Next Call
Date
Market
Price
Market
Value
Unreal G/L
On Cost
Unreal G/L
Amort Cost
Effective
Duration
YTM
at MktDated Date/Coupon/Maturity CUSIP Par Broker
Asset-Backed Security
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
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
COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
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
BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
AMXCA 2024-1 A
43815QAC1
254683CY9
05522RDG0
02582JJZ4
14041NGD7
254683CZ6
438123AC5
31680EAD3
161571HT4
02582JKD1
05522RDH8
02582JKH2
320,000.00 BOFAML
320,000.00 RBC Capi
170,000.00 BOFAML
190,000.00 RBC Capi
490,000.00 RBC Capi
350,000.00 BOFAML
85,000.00 JPMorgan
350,000.00 JPMorgan
405,000.00 JPMorgan
410,000.00 Citigrou
180,000.00 BOFAML
495,000.00 Barclays
100.99
100.03
100.57
100.65
100.13
100.64
101.42
101.00
101.34
101.47
101.14
101.91
323,164.80
320,109.44
170,967.64
191,238.99
490,618.38
352,243.15
86,205.30
3,230.78
128.00
3,208.37
120.89

0.95 0.99

1.15 1.15

1.15 1.23

1.14 0.98

1.45 1.45

1.61 1.97

4.51 4.41

4.44 4.45

4.47 4.56

4.52 4.67

4.40 4.36

4.43 4.39
1,006.13
1,255.84
730.74
992.75
1,249.97
690.78
2,290.43
1,220.27
3,518.90
5,521.05
6,030.57
2,078.69
9,562.41
2,274.48
1,216.29
3,512.26
5,491.14
6,025.46
2,072.76
9,562.41
353,497.20
410,408.78
416,012.24
182,054.52
504,460.94
DTD 04/23/2024 5.230% 04/16/2029
Security Type Sub-Total 4,866,789.59 4,903,978.13
54,163,480.01
37,897.90 37,685.76 1.15

2.42 4.52

4.27Managed Account Sub-Total 55,080,350.04 454,520.91 188,800.41 Joint Powers Authority
CAMP Pool 442,285.89 1.00 442,285.89 0.00 0.00 0.00
Liquid Sub-Total 442,285.89 442,285.89 0.00 0.00 0.00
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Managed Account Fair Market Value & Analytics

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Securities Sub-Total
Accrued Interest
Total Investments
$55,522,635.93 $54,605,765.90
$277,239.54
$454,520.91 $188,800.41 2.42 4.27%
$54,883,005.44
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Managed Account Security Transactions & Interest

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Transaction Type Principal
Proceeds
Accrued
Interest
Realized G/L Realized G/L
Cost Amort Cost
Sale
MethodTrade
BUY
Settle Security Description CUSIP Par Total
02/03/25 02/06/25 US TREASURY N/B 91282CJR3 1,475,000.00 (1,444,693.36) (5,653.49) (1,450,346.85) DTD 01/02/2024 3.750% 12/31/2028
Transaction Type Sub-Total
CALL
1,475,000.00 (1,444,693.36) (5,653.49) (1,450,346.85)
02/03/25
02/24/25
02/03/25
02/24/25

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

JPMORGAN CHASE & CO (CALLABLE)
DTD 02/24/2022 2.595% 02/24/2026
025816CQ0
46647PCV6
80,000.00 80,000.00 745.00

0.00 80,745.00 80.80

0.00 0.00
175,000.00 175,000.00 175,000.00 0.00
Transaction Type Sub-Total

INTEREST
255,000.00 255,000.00 745.00 255,745.00 80.80 0.00
02/01/25
02/01/25
02/01/25
02/01/25
02/01/25
02/01/25
02/01/25
02/01/25
02/01/25
02/01/25
02/01/25
02/01/25
02/01/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25

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

SAN JUAN CA UNIF SCH
DTD 10/29/2020 0.852% 08/01/2025

MINNESOTA ST-F-UNREF
DTD 08/25/2020 0.630% 08/01/2025
FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
FHMS K524 A2
06051GFS3
798306WP7
60412AK85
3137HAMH6
3137BXQY1
3137HB3D4
3137HBLV4
3137BSP72
3137HBC69
3137HDV56

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00
4,359.38
553.80
4,359.38
553.80
315.00 315.00
3,100.00
1,477.67
760.35
3,100.00
1,477.67
760.35
1,104.90
1,215.96
1,581.82
1,730.67
1,104.90
1,215.96
1,581.82
1,730.67
DTD 07/01/2024 4.720% 05/01/2029
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Managed Account Security Transactions & Interest

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Transaction Type Principal
Proceeds
Accrued
Interest
Realized G/L Realized G/L
Cost Amort Cost
Sale
MethodTrade Settle Security Description CUSIP Par Total

INTEREST
02/01/25
02/01/25
02/01/25
02/01/25
02/01/25
02/01/25
02/01/25
02/01/25
02/01/25
02/01/25
02/01/25
02/01/25
02/06/25
02/06/25
02/07/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/06/25
02/06/25
02/07/25
FHMS K065 A2
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
FHMS K526 A2
DTD 08/01/2024 4.543% 07/01/2029
FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
FNA 2023-M6 A2
DTD 07/01/2023 4.182% 07/01/2028
FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029

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

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

NATIONAL RURAL UTIL COOP
(CALLABLE)
3137F1G44 0.00 1,486.38 1,486.38
3137HAD45
3137HACX2
3137HDXL9
3137HAQ74
3137HB3G7
3137BNGT5
3137HAST4
3136BQDE6
3137HAMS2
3137BTUM1
3137HDJJ0
69371RQ66
594918BY9
637432NP6

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00
1,732.31
2,208.71
1,873.99
1,975.00
1,113.75
594.69
1,732.31
2,208.71
1,873.99
1,975.00
1,113.75
594.69
1,515.63
1,830.71
2,000.00
1,031.37
2,201.38
1,575.00
12,375.00
5,950.00
1,515.63
1,830.71
2,000.00
1,031.37
2,201.38
1,575.00
12,375.00
5,950.00
DTD 02/07/2018 3.400% 02/07/2028

AIR PRODUCTS & CHEMICALS
(CALLABLE)
02/08/25 02/08/25 009158BH8 0.00 7,820.00 7,820.00
DTD 02/08/2024 4.600% 02/08/2029
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Managed Account Security Transactions & Interest

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Transaction Type Principal
Proceeds
Accrued
Interest
Realized G/L Realized G/L
Cost Amort Cost
Sale
MethodTrade Settle Security Description CUSIP Par Total

INTEREST
02/12/25
02/15/25
02/15/25
02/15/25
02/15/25
02/15/25
02/15/25
02/15/25
02/15/25
02/15/25
02/15/25
02/15/25
02/15/25
02/15/25
02/15/25
02/15/25
02/15/25
02/12/25
02/15/25
02/15/25
02/15/25
02/15/25
02/15/25
02/15/25
02/15/25
02/15/25
02/15/25
02/15/25
02/15/25
02/15/25
02/15/25
02/15/25
02/15/25
02/15/25

BMW US CAPITAL LLC (CALLABLE)
DTD 08/12/2021 1.250% 08/12/2026
CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
AMXCA 2024-1 A
DTD 04/23/2024 5.230% 04/16/2029
FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
COMET 2023-A1 A
DTD 05/24/2023 4.420% 05/15/2028
HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
DCENT 2023-A2 A
DTD 06/28/2023 4.930% 06/15/2028
AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
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
BACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
BACCT 2023-A2 A2
05565EBW4 0.00 1,093.75 1,093.75
14318MAD1
02582JKH2
344928AD8
44935FAD6
161571HT4
65480JAC4
14041NGD7
41285JAD0
254683CZ6
02582JKD1
891940AC2
02582JJZ4
31680EAD3
14041NGB1
05522RDG0
05522RDH8

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00
391.44
2,157.37
488.93
391.44
2,157.37
488.93

3.10 3.10
1,741.50
361.85
1,741.50
361.85
1,804.83
628.84
1,804.83
628.84
1,437.92
1,786.92
847.21
1,437.92
1,786.92
847.21
771.08 771.08
1,612.92
1,010.63
678.58
1,612.92
1,010.63
678.58
747.00 747.00
DTD 12/14/2023 4.980% 11/15/2028
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Managed Account Security Transactions & Interest

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Transaction Type Principal
Proceeds
Accrued
Interest
Realized G/L Realized G/L
Cost Amort Cost
Sale
MethodTrade Settle Security Description CUSIP Par Total

INTEREST
02/15/25
02/15/25
02/16/25
02/16/25
02/18/25
02/20/25
02/15/25
02/15/25
02/16/25
02/16/25
02/18/25
02/20/25
DCENT 2023-A1 A 254683CY9 0.00 1,149.33 1,149.33
DTD 04/11/2023 4.310% 03/15/2028

TEXAS INSTRUMENTS INC (CALLABLE)
DTD 11/18/2022 4.600% 02/15/2028
GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
GMCAR 2021-4 A3
DTD 10/21/2021 0.680% 09/16/2026
HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028

BRISTOL-MYERS SQUIBB CO
(CALLABLE)
882508BV5
36265QAD8
362554AC1
43815QAC1
110122DE5

0.00 0.00

0.00 0.00

0.00 1,955.00
759.26

8.39 1,955.00
759.26

8.39 1,442.67
7,312.50
1,442.67
7,312.50
DTD 07/15/2020 3.900% 02/20/2028
HAROT 2023-4 A3
DTD 11/08/2023 5.670% 06/21/2028
HAROT 2021-4 A3
DTD 11/24/2021 0.880% 01/21/2026

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

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

CISCO SYSTEMS INC (CALLABLE)
DTD 02/26/2024 4.850% 02/26/2029

US TREASURY N/B
02/21/25
02/21/25
02/24/25
02/25/25
02/26/25
02/28/25
02/21/25
02/21/25
02/24/25
02/25/25
02/26/25
02/28/25
438123AC5
43815GAC3
46647PCV6
3135G05X7
17275RBR2
91282CGP0

0.00 0.00

0.00 0.00

0.00 0.00
401.63

8.85 401.63

8.85 2,270.63
656.25
2,270.63
656.25
10,185.00
96,000.00
10,185.00
96,000.00
DTD 02/28/2023 4.000% 02/29/2028
Transaction Type Sub-Total

MATURITY

0.00 203,196.85 203,196.85
02/06/25 02/06/25 PACCAR FINANCIAL CORP 69371RQ66 175,000.00 175,000.00 0.00 175,000.00 (7,894.25) 0.00 DTD 02/06/2020 1.800% 02/06/2025
Transaction Type Sub-Total

PAYDOWNS
175,000.00 175,000.00 0.00 175,000.00 (7,894.25) 0.00
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Managed Account Security Transactions & Interest

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Transaction Type Principal
Proceeds
Accrued
Interest
Realized G/L Realized G/L
Cost Amort Cost
Sale
MethodTrade Settle Security Description CUSIP Par Total

PAYDOWNS
02/01/25
02/01/25
02/01/25
02/01/25
02/01/25
02/15/25
02/15/25
02/15/25
02/15/25
02/15/25
02/15/25
02/16/25
02/16/25
02/21/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/15/25
02/15/25
02/15/25
02/15/25
02/15/25
02/15/25
02/16/25
02/16/25
02/21/25
FHMS K054 A2
DTD 04/01/2016 2.745% 01/01/2026
FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
FHMS KJ48 A1
DTD 12/01/2023 4.858% 05/01/2028
FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
FNA 2023-M6 A2
DTD 07/01/2023 4.182% 07/01/2028
CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
FORDO 2023-A A3
DTD 03/31/2023 4.650% 02/15/2028
NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
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
HAROT 2021-4 A3
3137BNGT5 485.36
334.68
894.35
736.50

2.74 485.36 0.00 485.36 20.10

0.01 0.01

22.67 0.04

0.24 0.82

1.51 0.98

0.75 0.00

0.07 2.65

0.76 7.11
3137HAD45
3137HBC69
3137BTUM1
3136BQDE6
14318MAD1
344928AD8
65480JAC4
41285JAD0
44935FAD6
891940AC2
362554AC1
36265QAD8
43815GAC3
334.68
894.35

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 334.68
894.35

0.01 0.00

11.75 0.03

0.11 0.50

0.74 0.58

0.21 0.00

0.02 1.37

0.17 736.50 736.50

2.74 2.74
10,251.77
7,814.42
7,280.97
9,750.30
3,356.93
13,717.93
3,074.97
16,168.24
3,590.88
10,251.77
7,814.42
7,280.97
9,750.30
3,356.93
13,717.93
3,074.97
16,168.24
3,590.88
10,251.77
7,814.42
7,280.97
9,750.30
3,356.93
13,717.93
3,074.97
16,168.24
3,590.88
DTD 11/24/2021 0.880% 01/21/2026
Transaction Type Sub-Total
SELL
77,460.04 77,460.04 0.00 77,460.04 50.61 22.60
02/03/25 02/06/25 US TREASURY N/B 91282CEN7 1,000,000.00 968,398.44 7,444.75 975,843.19 5,546.87 (12,078.82) FIFO DTD 05/02/2022 2.750% 04/30/2027
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Managed Account Security Transactions & Interest

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Transaction Type
Trade Settle
Transaction Type Sub-Total
Managed Account Sub-Total
Total Security Transactions
Principal
Proceeds
968,398.44
Accrued
Interest
7,444.75
Realized G/L Realized G/L Sale
MethodSecurity Description CUSIP Par
1,000,000.00
Total
975,843.19
Cost
5,546.87
Amort Cost
(12,078.82)
31,165.12 205,733.11 236,898.23 (2,215.97) (12,056.22)
$31,165.12 $205,733.11 $236,898.23 ($2,215.97) ($12,056.22) PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Trade
Date
Settlement
Date
Share or
Unit Price
Dollar Amount
of Transaction
Total
Shares OwnedTransaction Description
CAMP Pool
Opening Balance
02/03/25
02/03/25
02/03/25
02/03/25
02/05/25
02/05/25
02/05/25
02/06/25
02/06/25
02/06/25
02/06/25
02/06/25
02/06/25
02/06/25
02/07/25
02/10/25
02/12/25
02/18/25
02/18/25
02/18/25
02/18/25
209,186.56
213,545.94
213,860.94
214,414.74
295,159.74
295,172.59
295,172.61
295,190.69
307,565.69
309,140.69
1,277,539.13
1,284,983.88
1,459,983.88
15,290.52
02/03/25
02/03/25
02/03/25
02/03/25
02/05/25
02/05/25
02/05/25
02/06/25
02/06/25
02/06/25
02/06/25
02/06/25
02/06/25
02/06/25
02/07/25
02/10/25
02/12/25
02/18/25
02/18/25
02/18/25
02/18/25
Purchase - Interest 06051GFS3
Purchase - Interest 60412AK85
Purchase - Interest 798306WP7
Purchase - Principal 025816CQ0

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1.00

1.00 4,359.38
315.00
553.80
80,745.00

12.85Interest adjustment owed on 12/31/2024 for cusip 91282CCH2 Interest adjustment owed on 12/31/2024 for cusip 912828ZW3 Interest adjustment owed on 12/31/2024 for cusip 91282CJR3 Purchase - Interest 594918BY9

0.02 18.08
12,375.00
1,575.00
968,398.44
7,444.75
175,000.00
(1,444,693.36)
(5,653.49)
5,950.00
7,820.00
1,093.75
1,955.00
771.08
Purchase - Interest 69371RQ66
Purchase - Principal 91282CEN7
Purchase - Interest 91282CEN7
Purchase - Principal 69371RQ66
Redemption - Principal 91282CJR3
Redemption - Interest 91282CJR3
Purchase - Interest 637432NP6
9,637.03
15,587.03
Purchase - Interest 009158BH8 23,407.03
Purchase - Interest 05565EBW4 24,500.78
Purchase - Interest 882508BV5 26,455.78
Purchase - Interest 02582JJZ4 27,226.86
Purchase - Interest 02582JKD1 1,786.92
2,157.37
29,013.78
Purchase - Interest 02582JKH2 31,171.15
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Trade
Date
Settlement
Date
Share or
Unit Price
Dollar Amount
of Transaction
Total
Shares OwnedTransaction Description
CAMP Pool
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
Purchase - Interest 05522RDG0
Purchase - Interest 05522RDH8
Purchase - Interest 14041NGB1
Purchase - Interest 14041NGD7
Purchase - Interest 14318MAD1
Purchase - Interest 161571HT4
Purchase - Interest 254683CY9
Purchase - Interest 254683CZ6
Purchase - Interest 31680EAD3
Purchase - Interest 344928AD8
Purchase - Interest 362554AC1
Purchase - Interest 36265QAD8
Purchase - Interest 41285JAD0
Purchase - Interest 43815QAC1
Purchase - Interest 44935FAD6
Purchase - Interest 65480JAC4
Purchase - Interest 891940AC2
Purchase - Principal 14318MAD1
Purchase - Principal 891940AC2
Purchase - Principal 44935FAD6
Purchase - Principal 41285JAD0
Purchase - Principal 344928AD8

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1.00
678.58
747.00
31,849.73
32,596.73
33,607.36
35,412.19
35,803.63
37,545.13
38,694.46
40,132.38
41,745.30
42,234.23
42,242.62
43,001.88
43,630.72
45,073.39
45,076.49
45,438.34
46,285.55
56,537.32
70,255.25
73,612.18
83,362.48
91,176.90
1,010.63
1,804.83
391.44
1,741.50
1,149.33
1,437.92
1,612.92
488.93

8.39 759.26
628.84
1,442.67

3.10 361.85
847.21
10,251.77
13,717.93
3,356.93
9,750.30
7,814.42
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Trade
Date
Settlement
Date
Share or
Unit Price
Dollar Amount
of Transaction
Total
Shares OwnedTransaction Description
CAMP Pool
02/18/25
02/18/25
02/18/25
02/20/25
02/21/25
02/21/25
02/21/25
02/24/25
02/24/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/18/25
02/18/25
02/18/25
02/20/25
02/21/25
02/21/25
02/21/25
02/24/25
02/24/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
Purchase - Principal 36265QAD8
Purchase - Principal 362554AC1
Purchase - Principal 65480JAC4
Purchase - Interest 110122DE5
Purchase - Interest 438123AC5
Purchase - Interest 43815GAC3
Purchase - Principal 43815GAC3
Purchase - Interest 46647PCV6
Purchase - Principal 46647PCV6
Purchase - Interest 3135G05X7
Purchase - Interest 3137BXQY1
Purchase - Interest 3137F1G44
Purchase - Interest 3137HACX2
Purchase - Interest 3137HAD45
Purchase - Interest 3137HAMH6
Purchase - Interest 3137HAMS2
Purchase - Interest 3137HAQ74
Purchase - Interest 3137HAST4
Purchase - Interest 3137HB3D4
Purchase - Interest 3137HB3G7
Purchase - Interest 3137HBC69

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1.00
16,168.24
3,074.97
7,280.97
7,312.50
401.63
107,345.14
110,420.11
117,701.08
125,013.58
125,415.21
125,424.06
129,014.94
131,285.57
306,285.57
306,941.82
308,419.49
309,905.87
312,114.58
313,846.89
316,946.89
318,946.89
320,921.89
322,437.52
323,197.87
324,311.62
325,893.44
327,724.15

8.85 3,590.88
2,270.63
175,000.00
656.25
1,477.67
1,486.38
2,208.71
1,732.31
3,100.00
2,000.00
1,975.00
1,515.63
760.35
1,113.75
1,581.82
1,830.71Purchase - Correction to Interest 3136BQDE6 from 02/25/2025 PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Account Statement

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
For the Month Ending February 28, 2025
Trade
Date
Settlement
Date
Share or
Unit Price
Dollar Amount
of Transaction
Total
Shares OwnedTransaction Description
CAMP Pool
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/26/25
02/28/25
02/28/25
02/28/25
02/28/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/25/25
02/26/25
02/28/25
02/28/25
02/28/25
03/03/25
Purchase - Interest 3136BQDE6
Purchase - Interest 3137BNGT5
Purchase - Interest 3137BSP72
Purchase - Interest 3137BTUM1
Purchase - Interest 3137HBLV4
Purchase - Interest 3137HDJJ0
Purchase - Interest 3137HDV56
Purchase - Interest 3137HDXL9
Purchase - Principal 3137HAD45
Purchase - Principal 3137BTUM1
Purchase - Principal 3137BNGT5
Purchase - Principal 3137HBC69
Purchase - Principal 3136BQDE6

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1.00

1.00 1,830.91
594.69
329,555.06
330,149.75
331,365.71
332,397.08
333,501.98
335,703.36
337,434.03
339,308.02
339,642.70
340,379.20
340,864.56
341,758.91
341,761.65
339,930.74
350,115.74
446,115.74
442,002.23
441,780.37
442,285.89
1,215.96
1,031.37
1,104.90
2,201.38
1,730.67
1,873.99
334.68
736.50
485.36
894.35

2.74 Redemption - Reversal of Interest 3136BQDE6 from 02/25/2025 Purchase - Interest 17275RBR2
(1,830.91)
10,185.00
96,000.00
(4,113.51)
(221.86)
505.52
Purchase - Interest 91282CGP0
IP Fees January 2025
U.S. Bank Fees December 2024
Accrual Income Div Reinvestment - Distributions
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

Account Statement For the Month Ending February 28, 2025

CITY OF LAKE ELSINORE - LAKE ELSINORE - CITY FUNDS
Trade
Date
Settlement
Date
Share or
Unit Price
Dollar Amount
of Transaction
Total
Shares OwnedTransaction Description
Closing Balance 442,285.89
Month of Fiscal YTD
February January-February
Opening Balance
Purchases
Redemptions (Excl. Checks)
Check Disbursements
209,186.56
1,689,612.46
(1,456,513.13)

0.00 269,919.92
2,982,968.20
(2,810,602.23)

0.00 Closing Balance
Average Monthly Balance
Monthly Distribution Yield
442,285.89
146,081.94

4.51%
Closing Balance 442,285.89 442,285.89
Cash Dividends and Income 505.52 1,104.78
PFM Asset Management, a division of
U.S. Bancorp Asset Management, Inc.

City of Lake Elsinore
Investment Performance Review
For the Quarter Ended December 31, 2024
PFM Asset Management
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 | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Market Update
Current Market Themes
▸ U.S. economic soft landing remains on track
▹ Inflation and labor markets are in line with Fed expectations despite slower recent progress
▹ Strong economic growth prospects remain intact, aided by a resilient consumer ▹ Changes to fiscal policy may impact growth and inflation trajectory ▸ Fed easing cycle moves forward as expected, but looks to slow in 2025 ▹ The Fed cut the federal funds target rate by an additional 50 basis points (bps) during the fourth quarter to 4.25% - 4.50%
▹ The Fed’s December “dot plot” implies another 50 bps of cuts in 2025, less than the 100 bps of cuts previously projected in September
▹ Fed Chair Powell noted the slower pace of cuts reflect “stickier” inflation heading into 2025 ▸ Treasury yields responded to expected monetary and fiscal policy ▹ Yields on maturities between 2 years and 10 years rose 60-83 bps during the 4 th quarter ▹ The yield curve disinversion continued and was flatter at the front end and positively sloped beyond 1-year
▹ Yield spreads remained near historically tight levels across most sectors aided by robust demand and strength in the economy
Source: Details on market themes and economic indicators provided throughout the body of the presentation. Bloomberg Finance L.P., as of December 31, 2024. 1PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Market Update
The Fed’s Dual Mandate
Fed Chair Powell: “Downside risks to the labor market do appear to have diminished … Inflation, we see that story as still broadly on track.”
Inflation Unemployment Rate
Year-over-Year Changes
10%
8%
6%
4%
2%
0%
CPI Core PCE Fed Target 6%
5%
4%
3%
Unemployment rate of 4.2% remains well
below the 25-year average of 5.7%
Nov-24

4.2%
Nov-24

2.8%
Nov-24

2.7%
2021 2022 2023 2024 2021 2022 2023 2024
Source: FOMC Chair Jerome Powell Press Conference, December 18, 2024. Bureau of Labor Statistics, Bureau of Economic Analysis, and Bloomberg Finance L.P., as of November 2024. Data is seasonally adjusted. Historical average unemployment rate calculated from January 1990-November 2024. 2PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Market Update
Election & Potential Policy Implications on the Fed
MoM % Change In Real Consumption
Average August to October Nov-24
Goods
Durable Goods
Video and Audio Eq
Sports Eq
Taxes
Lower taxes viewed as positive for growth
but negative for the deficit An increase in
durable goods
spending may
be partially
Autos & Parts
Photographic Eq
IT Eq
attributed to a
pull forward of
spending prior
to tariffs
Tariffs
Uncertainty surrounding the scope and scale of
tariff policy and viewed as inflationary
Telephones & Eq
Other Durable Goods
-0.5%0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0%
Word Count of S&P500 Companies
Mentioning TariffsImmigration
250
200
150
100
50 Tighter border policy may have adverse
impacts on the labor market
Regulation
Easing regulation is generally viewed as
positive for growth
0 Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24
Sources: U.S. Bank: Stock Market Under The Trump Administration | U.S. Bank (usbank.com); Bloomberg Finance L.P. and Bureau of Economic Analysis as of November 2024 (top right). Bloomberg Finance L.P. as of December 2024 (bottom right).
3PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Market Update
Inflation and Growth Forecasted To Remain Stable
Fed Chair Powell: “I think it’s pretty clear we’ve avoided a recession. I think growth this year has been solid, it really has…Again the U.S. economy has just been remarkable.”
U.S. GDP Forecasts
Annualized Rate
CPI Inflation (YoY)
Average Forecast Actual
Actual Range Median of Forecasts
4%
3%
2%
1%
0%
5%
4%
3%
2%
1%
0%

3.1%3.0%

2.3%

2.0%2.7% 2.0% 2.0%2.6%

2.4% 1.9%
Jun-24 Dec-24 Jun-25 Dec-25 Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 Q3 '25 Q4' 25 Source: Federal Reserve Chair Jerome Powell Press Conference as of December 18, 2024; Bureau of Labor Statistics and Bloomberg Finance L.P. as of December 2024 (left). Bureau of Economic Analysis and Bloomberg Finance L.P., as of December 2024 (right). 4PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Market Update
Fed’s Updated Summary of Economic Projections
Fed Chair Powell: “These median projections are somewhat higher than in September, consistent with the firmer inflation projection.”
Change in Real GDP Unemployment Rate
4%
3%
2%
1%
0%
6%
5%
4%
3%
2%
1%
0%
Sept Projections Dec Projections Sept Projections Dec Projections

4.3% 4.3% 4.3%4.2% 4.2%

2.5%

2.1% 2.0% 1.9% 1.8%
2024 2025 2026 2027 Longer
Run
2024 2025 2026 2027 Longer
Run
PCE Inflation Federal Funds Rate
Sept Projections Dec ProjectionsSept Projections Dec Projections 3% 6%
5%
4%
3%
2%
1%
0%

2.5%2.4%

4.4%2.1% 2.0% 2.0% 3.9%
2%
1%
0%

3.4% 3.1% 3.0%
2024 2025 2026 2027 Longer
Run
2024 2025 2026 2027 Longer
Run
Source: Federal Reserve Chair Jerome Powell Press Conference as of December 18, 2024; Federal Reserve. As of December 2024. 5PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Market Update
The Fed’s Latest “Dot Plot
Fed Chair Powell: “You see a slower path … meaningful progress to get inflation down to [2.5%] … we have the labor market forecast as being in good shape, we are also mindful that it is … very gradually cooling” Fed Participants’ Assessments of ‘Appropriate’ Monetary Policy 5%
4%
3%
2%
1%
0%
The longer-term
neutral rate has
drifted up from

2.5% in Dec ’23
to 3% currently
Dec-24 FOMC Projections
Dec-24 Median
Sep-24 Median
2024 2025
2 cuts
2026
2 cuts
2027
1 cuts
Longer Term

3.0%
Source: Federal Reserve Chair Jerome Powell Press Conference as of December 18, 2024; Federal Reserve; Bloomberg Finance L.P.. Individual dots represent each Fed members’ judgement of the midpoint of the appropriate target range for the federal funds rate at each year-end. As of December 2024. 6PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Market Update
Despite 100 Bps of Rate Cuts, 2-Year Finishes Year Nearly Unchanged 2-Year U.S. Treasury Yield
December 31, 2023 – December 31, 2024

5.5%

5.0%

4.5%
Third Quarter ’24
The Fed cut by an outsized 50
bps after labor markets showed
signs of unwelcomed cooling
Change: -111bps

4.25% 4.24%

4.0%
Second Quarter ’24
First Quarter ’24
Hotter than expected inflation
pushed expectations for rate
cuts back
Change: +37 bps
Inflation and labor markets
cooled at moderate pace
Change: +13 bps Fourth Quarter ’24
Despite the Fed cutting 50 bps
in 4th quarter, expectations for
stickier inflation in 2025 drove
rates higher

3.5%

3.0%
Change: +60bps
Dec-23 Mar-24 Jun-24 Sep-24 Dec-24
Source: Bloomberg Finance L.P., as of December 31, 2024. 7PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Market Update
U.S. Treasury Yield Curve Steepens
U.S. Treasury Yield Curve

5.50%

5.00%

4.78%

4.57%4.48%

4.50% 4.38%

4.31%

4.24%

4.00%
1 Year Range3.50%
December 31, 2024
September 30, 2024

3.00%
3mo 2yr 5yr 7yr 10yr 20yr 30yr
Maturity
Source: Bloomberg Finance L.P., as of December 31, 2024. 8PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Market Update
Sector Yield Spreads
Corporate Notes A-AAA Yield SpreadsFederal Agency Yield Spreads

0.9%0.2%

0.1%

0.0%
-0.1%
Bullet Callable 1 Year Average 1-5 Yr. AAA-A Corp 1 Year Average

0.7%

0.5%

0.3%
55 bps1 bps
Sep-24 Oct-24 Nov-24 Dec-24Sep-24 Oct-24 Nov-24 Dec-24
Asset-Backed Securities AAA Yield SpreadsMortgage-Backed Securities Yield Spreads AAA ABS 1 Year Average0.7%

0.5%

0.3%
Agency MBS Agency CMBS Index 1 Year Average

0.8%

0.6%

0.4%
58 bps45 bps
Sep-24 Oct-24 Nov-24 Dec-24Sep-24 Oct-24 Nov-24 Dec-24
Source: ICE BofA 1-5 year Indices via Bloomberg, MarketAxess and PFMAM as of December 31, 2024. 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. 9PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Market Update
Factors to Consider for 6-12 Months
Monetary Policy (Global): Economic Growth (Global): Inflation (U.S.):
• The Fed continued its easing cycle with a total of
100 basis points (bps) of rate cuts in 2024. The
FOMC’s December median “dot plot” projection
suggests another 50 bps in cuts by the end of 2025,
which is significantly less than previously implied, in large part due to uncertainty surrounding
• U.S. economic growth remains strong on consumer
spending which remains quite resilient.
• While inflation has fallen since its peak in 2022,
progress has stalled in the past few months.
• Fiscal policies discussed on the campaign trial are
expected to boost growth, however actual policy
implementation and timing are uncertain and
subject to change.
• The Fed has acknowledged higher inflation
expectations going into 2025. Further rate cuts will
depend on inflation moving closer to its 2% target.
implications of potential fiscal policy changes. • Economic growth outside the U.S. remains modest.

Tariffs pose some risks with trading partners. • Proposed fiscal policies may put pressure on wages and goods costs. Some policymakers have already
incorporated these impacts into their outlooks.
• While the Fed and other major central banks
(excluding the Bank of Japan) continue to ease,
expectations are for policy rates to settle higher in
the longer term given the higher inflation outlook.
• Declines in foreign direct investment and weak
domestic demand continue to impact China.

Financial Conditions (U.S.): Consumer Spending (U.S.): Labor Markets:
• Market metrics such as narrow corporate yield
spreads and strong equity returns continue to point
to the stability of financial conditions. The potential for decreased regulation under the incoming
administration has buoyed economic confidence.
• Broad consumer metrics show spending fueled by
the stability of the labor market continuing to
support economic strength. A growing divergence
among consumers exists as lower-income cohorts
continue to feel more strain due to the higher overall
level of prices.
• The labor market remains well-positioned and in
balance despite intra-quarter data volatility caused
by weather events and strikes which have now been
resolved.
• Layoffs remain near historically low levels; however, the pace of hiring has slowed considerably. The Fed
has acknowledged labor market conditions have
loosened, and a further cooling of labor conditions is
not necessary to achieve its dual mandate of
maximum employment and stable prices.
• We remain attentive to further cooling in the labor
markets and fiscal policy considerations as these
will play a large role in the evolution of future
conditions. While our base case is not for a
dramatic shift in conditions, the potential impact of
future policies warrants attention.
• An unexpected material deterioration of labor
market conditions is the biggest risk factor to
consumer spending. Other headwinds may include
slower real wage growth, which could reduce
purchasing power, and higher interest rates
persisting.

Negative Slightly
Negative
Neutral Slightly
Positive
Positive
Current outlook Outlook one quarter ago
Statements and opinions expressed about the next 6-12 months were developed based on our independent research with information obtained from Bloomberg and FactSet. The views expressed within this material constitute the perspective and judgment of PFM Asset Management at the time of distribution (12/31/2024) and are subject to change. Information is obtained from sources generally believed to be reliable and available to the public; however, PFM Asset Management cannot guarantee its accuracy, completeness, or suitability. 10PFM Asset Management | pfmam.com

Portfolio Review
11PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Portfolio Snapshot
Portfolio Snapshot¹
Portfolio Statistics Sector Allocation
Total Market Value
Managed Account Sub-Total
Accrued Interest
$53,975,249.86
$53,397,082.51
$308,247.43
$269,919.92
U.S. Treasury | 43%
Corporate | 23%Pool
Agency CMBS | 16%
ABS | 9%
Federal Agency | 4%
Municipal | 2%
Negotiable CD | 2%
JointPowers Authority | 1%
Portfolio Effective Duration
Benchmark Effective Duration
Yield At Cost

2.45 years

2.48 years

4.01%
Yield At Market 4.49%
Portfolio Credit Quality AA
Credit Quality - S&P Duration Distribution
Portfolio
35%
Benchmark
36%
AAA | 10%
40%
30%
20%
10%
0%
AAAm | 1%
AA+ | 64%
AA| 4%
AA- | 5%
A-1+ | 1%
A+ | 5%
A | 5%
A- | 5%
Not Rated | 2%
31%
26% 24%
16% 15%
10%
5% 2%
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 December 31, 2024.

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 Financial LP.

An average of each security’s credit rating was assigned a numeric value and adjusted for its relative weighting in the portfolio. 12PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Account Summary
Sector Allocation Analytics
U.S. Treasury - $23,111,413
Federal Agency - $2,216,143
Agency CMBS - $8,553,271
Municipal - $1,227,854
Negotiable CD - $919,102
Corporate - $12,621,918
ABS - $5,055,629

42.8%

4.1%

15.8%

2.3%

1.7%

23.4%

9.4%
CAMP - $269,920 0.5%

0.0% 20.0%
Portf olio Allocation

40.0% 60.0% 80.0% 100.0%
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. 13PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Compliance
Certificate of Compliance
During the reporting period for the quarter ended December 31, 2024, 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, a division of U.S. Bancorp Asset Management, Inc.

Note: Pre- and post-trade compliance for the account(s) managed by PFM Asset Management is provided via Bloomberg Financial LP Asset and Investment Management ("AIM"). 14PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Portfolio Activity
Portfolio Activity
Net Activity by Sector
($ millions)
Sector Net Activity
$1,209,092
($208,519)
($225,000)
($236,021)
$539,553
U.S. Treasury
ABS
U.S. Treasury
Corporate
Agency CMBS
Total Net ActivityABS
Corporate
Agency CMBS
($6.0) ($4.0) ($2.0)
Sales/Maturities
$0.0 $2.0 $4.0 $6.0 $8.0
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. 15PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Portfolio Characteristics
Historical Sector Allocation
1% 1%
9%10%
23%
2%
24%
2% 2%2%
16%17%
4%4%
43%41%
Only includes fixed-income securities held within the separately managed account(s) and LGIPs managed by PFMAM. 16PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Portfolio Performance
Portfolio Performance
Portfolio Benchmark

4.0%

3.0%

2.0%

1.0%

0.0%
-1.0%
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
$443,999
($760,301)
($316,302)
$1,675,134
$330,300
$3,180,254
($534,312)
$2,645,942
$4,271,137
($522,709)
$3,748,428
$7,245,532
$51,962
$2,005,434 $7,297,494
Portfolio -0.58%
-0.77%

0.19%

3.85%

3.41%

0.44%

1.11%

0.73%

0.38%

1.37%

1.05%

0.32%

1.68%

1.36%

0.32%
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 Financial LP. 17PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Portfolio Performance
Accrual Basis Earnings
Accrual Basis Earnings 3 Months 1 Year 3 Years 5 Year 10 Year¹ Interest Earned² $443,999
($25,972)
$90,684
$1,675,134
($376,114)
$371,027
$3,180,254
($1,148,601)
$810,421
$4,271,137
($577,905)
$696,961
$7,245,532
($480,148)
$658,638
Realized Gains / (Losses)³
Change in Amortized Cost
Total Earnings $508,712 $1,670,047 $2,842,074 $4,390,193 $7,424,022

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. 18PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Market Update
Fixed-Income Sector Outlook – 1Q 2025
Sector Our Investment Preferences

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

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

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

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

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

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

M U N I C I P A L S
Slightly
Negative
Slightly
PositiveCurrent outlook Outlook one quarter ago Negative Neutral Positive 19PFM Asset Management | pfmam.com

Issuer Distribution
20PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
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

23.5%43.0% Corporate
United States Treasury 43.0% AA / Aaa / AA Apple Inc 1.4%

0.4%

0.8%

0.3%

0.9%

1.5%

0.7%

0.4%

0.5%

0.1%

0.8%

1.5%

0.7%

0.4%

0.7%

0.7%

0.4%

0.3%

0.1%

1.4%

1.0%

1.4%

0.7%

0.3%

0.8%

0.1%
AA / Aaa / NR

A / A / AA
A / Aa / AA

A / A / NR
AA / Aa / A
AA / Aa / NR

A / A / NR

A / A / A
Federal Agency 4.1% Bank of America Corp
Bank of New York Mellon Corp
Bayerische Motoren Werke AG
Berkshire Hathaway Inc
BlackRock Inc
Federal Home Loan Banks
Federal Home Loan Mortgage Corp
Federal National Mortgage Association
Agency CMBS

0.3%

2.0%

1.8%

15.9%
AA / Aaa / NR
AA / Aaa / AA
AA / Aaa / AA
Bristol-Myers Squibb Co
Caterpillar Inc
Federal Home Loan Mortgage Corp
Federal National Mortgage Association
Municipal

15.0%

1.0%

2.3%
AA / Aaa / AA
AA / Aaa / AA
Charles Schwab Corp
Cintas Corp

A / A / A

A / A / NR

AA / A / NR
A / Aa / A

A / A / A
California State University
New York State Urban Development Corp
San Juan Unified School District
State Board of Administration Finance C
State of California

0.2%

0.6%

0.2%

0.6%

0.4%

0.2%

0.2%

1.7%
AA / Aa / NR

NR / NR / AA
NR / Aa / NR
AA / Aa / AA
AA / Aa / AA
AAA / Aaa / AAA
AA / Aa / AA
Cisco Systems Inc
Citigroup Inc
Deere & Co
General Dynamics Corp
Home Depot Inc

A / A / NR

A / A / A
State of Minnesota Honda Motor Co Ltd
International Business Machines Corp
JPMorgan Chase & Co
Lockheed Martin Corp
Microsoft Corp

A / A / NR
A / A / AUniversity of California Board of Regen
Negotiable CD A / A / AA
A / A / ANordea Bank Abp
Toronto-Dominion Bank
Corporate

0.9%

0.9%
AA / Aa / AA
A / A / NR AAA / Aaa / NR
A / Aa / AA
AA / Aa / NR

A / A / A

23.5% Morgan Stanley
Abbott Laboratories
Adobe Inc

0.4%

0.7%

0.6%

0.9%

0.7%
AA / Aa / NR

A / A / NR

A / A / NR

AA / A / AA

A / A / A
National Australia Bank Ltd
National Rural Utilities Cooperative Fi
PACCAR IncAir Products and Chemicals Inc
Amazon.com Inc

A / A / NR
AA / Aa / AA

A / A / A
Roche Holding AG
Target CorpAmerican Express Co
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.
21PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Portfolio Summary
Issuer Diversification
Security Type / Issuer
Corporate
Market Value (%) S&P / Moody's / Fitch

23.5%
Texas Instruments Inc
Toyota Motor Corp

0.2%

0.7%

0.4%

0.4%

9.4%
A / Aa / NR

A / A / A
United Services Automobile Association
UnitedHealth Group Inc
ABS
AA / Aa / NR

A / A / A
American Express Co 2.1%

0.7%

1.4%

0.2%

1.3%

0.7%

0.2%

0.4%

0.3%

0.8%

0.0%

0.8%

0.2%

0.4%
100.0%

AAA / NR / AAA
AAA / Aaa / AAA

AAA / NR / AAA

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

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

AAA / NR / AAA

AAA / NR / AAA
AAA / Aaa / NR

AAA / NR / AAA
BA Credit Card Trust
Capital One Financial Corp
CarMax Inc
Discover Card Execution Note Trust
Fifth Third Auto Trust
Ford Credit Auto Owner Trust
GM Financial Consumer Automobile Receiv
Harley-Davidson Inc
Honda Auto Receivables Owner Trust
Hyundai Auto Receivables Trust
JPMorgan Chase & Co
Nissan Auto Receivables Owner Trust
Toyota Auto Receivables Owner Trust
Total
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.
22PFM Asset Management | pfmam.com

Portfolio Transactions
23PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
G/L (BV)Par ($) CUSIP Security Description Coupon
BUY
10/1/2024
10/31/2024
12/3/2024
10/7/2024
11/5/2024
12/6/2024
2,400,000.00
1,200,000.00
2,600,000.00
6,200,000.00
91282CCH2
91282CJR3
91282CJR3

US TREASURY N/B

US TREASURY N/B

US TREASURY N/B

1.25%

3.75%

3.75%
6/30/2028
12/31/2028
12/31/2028
2,219,539.40
1,197,745.92
2,607,899.80
6,025,185.12

3.51%

4.14%

4.10%
Total BUY
CALL

0.00 12/6/2024 12/6/2024 225,000.00 06051GKE8 BANK OF AMERICA CORP (CALLABLE) 1.53% 12/6/2025 225,000.00 1.53% Total CALL

INTEREST
10/1/2024
10/1/2024
10/1/2024
10/1/2024
10/1/2024
10/1/2024
10/1/2024
10/1/2024
10/1/2024
225,000.00 225,000.00 0.00
10/25/2024
10/25/2024
10/25/2024
10/25/2024
10/25/2024
10/25/2024
10/25/2024
10/25/2024
10/25/2024
3137HB3G7
3137F1G44
3137HACX2
3137HAD45
3137BSP72
3137BXQY1
3137HAMS2
3137HDXL9
3136BQDE6
FHMS K511 A2
FHMS K065 A2
FHMS K505 A2
FHMS KJ46 A1
FHMS K058 A2
FHMS K064 A2
FHMS K507 A2
FHMS K526 A2
FNA 2023-M6 A2

4.86%

3.24%

4.81%

4.77%

2.65%

3.22%

4.80%

4.54%

4.18%
10/1/2028
4/1/2027
6/1/2028
6/1/2028
8/1/2026
3/1/2027
9/1/2028
7/1/2029
7/1/2028
1,113.75
1,486.38
2,208.71
1,737.43
1,215.96
1,477.67
2,000.00
1,873.99
1,831.21
24PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
G/L (BV)Par ($) CUSIP Security Description Coupon

INTEREST
10/1/2024
10/1/2024
10/1/2024
10/1/2024
10/1/2024
10/1/2024
10/1/2024
10/1/2024
10/1/2024
10/1/2024
10/1/2024
10/1/2024
10/4/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/1/2024 808513BW4
3137HBC69
3137HAMH6
3137BTUM1
3137HDV56
3137HAST4
3137HAQ74
3137HB3D4
3137HDJJ0
3137HBLV4
3137BGK24
3137BNGT5
00724PAF6
02582JKD1
65480BAC1
891940AC2
65480JAC4

CHARLES SCHWAB CORP (CALLABLE)
FHMS KJ48 A1

3.30%

4.85%

4.65%

3.34%

4.72%

4.85%

4.74%

5.06%

4.80%

4.57%

3.06%

2.74%

4.80%

5.23%

0.33%

4.63%

4.46%
4/1/2027
5/1/2028
8/1/2028
11/1/2026
5/1/2029
9/1/2028
8/1/2028
10/1/2028
5/1/2029
12/1/2028
12/1/2024
1/1/2026
4/4/2029
9/15/2028
10/15/2025
9/15/2027
5/17/2027
4,950.00
1,597.53
3,100.00
1,039.76
1,730.67
1,515.63
1,975.00
760.35
10/25/2024
10/25/2024
10/25/2024
10/25/2024
10/25/2024
10/25/2024
10/25/2024
10/25/2024
10/25/2024
10/25/2024
10/25/2024
10/4/2024
FHMS K506 A2
FHMS K061 A2
FHMS K524 A2
FHMS K509 A2
FHMS K508 A2
FHMS K510 A2
FHMS K522 A2 2,201.38
1,104.90
569.12
FHMS K514 A2
FHMS K043 A2
FHMS K054 A2 629.06

ADOBE INC (CALLABLE)
AMXCA 2023-3 A
NAROT 2021-A A3
TAOT 2023-A A3
NAROT 2022-B A3
9,000.00
1,786.92

6.05 10/15/2024
10/15/2024
10/15/2024
10/15/2024
945.29
476.33
25PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
G/L (BV)Par ($) CUSIP Security Description Coupon

INTEREST
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
254683CZ6
02582JJZ4
344928AD8
05522RDG0
437076CM2
44935FAD6
14041NGD7
14041NGB1
05522RDH8
31680EAD3
161571HT4
02582JKH2
41285JAD0
254683CY9
14318MAD1
89190GAC1
14314QAC8
DCENT 2023-A2 A
AMXCA 2023-1 A

4.93%

4.87%

4.65%

4.79%

2.70%

0.74%

4.42%

4.95%

4.98%

5.53%

5.16%

5.23%

5.05%

4.31%

3.97%

0.26%

0.52%
6/15/2028
5/15/2028
2/15/2028
5/15/2028
4/15/2025
5/15/2026
5/15/2028
10/15/2027
11/15/2028
8/15/2028
9/15/2028
4/16/2029
12/15/2027
3/15/2028
4/15/2027
11/17/2025
2/17/2026
1,437.92
771.08
503.75
678.58
337.50

11.60 FORDO 2023-A A3
BACCT 2023-A1 A1

HOME DEPOT INC (CALLABLE)
HART 2021-C A3
COMET 2023-A1 A
COMET 2022-A3 A
BACCT 2023-A2 A2
FITAT 2023-1 A3
1,804.83
1,010.63
747.00
1,612.92
1,741.50
2,157.37
715.42
1,149.33
526.61

4.22 CHAIT 2023-A1 A
AMXCA 2024-1 A
HDMOT 2023-A A3
DCENT 2023-A1 A
CARMX 2022-3 A3
TAOT 2021-B A3
CARMX 2021-2 A3 3.04
26PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
G/L (BV)Par ($) CUSIP Security Description Coupon

INTEREST
10/16/2024
10/16/2024
10/18/2024
10/21/2024
10/21/2024
10/25/2024
10/31/2024
11/1/2024
11/1/2024
11/1/2024
11/1/2024
11/1/2024
11/1/2024
11/1/2024
11/1/2024
11/1/2024
11/1/2024
10/16/2024
10/16/2024
10/18/2024
10/21/2024
10/21/2024
10/25/2024
10/31/2024
11/25/2024
11/25/2024
11/25/2024
11/25/2024
11/25/2024
11/25/2024
11/25/2024
11/25/2024
11/25/2024
11/25/2024
362554AC1
36265QAD8
43815QAC1
43815GAC3
438123AC5
89115B6K1
91282CEN7
3137BSP72
3137HAQ74
3136BQDE6
3137BNGT5
3137HB3G7
3137HACX2
3137HDXL9
3137BGK24
3137HBC69
3137HAMS2
GMCAR 2021-4 A3
GMCAR 2022-4 A3
HAROT 2023-3 A3
HAROT 2021-4 A3
HAROT 2023-4 A3

TORONTO DOMINION BANK NY

US TREASURY N/B
FHMS K058 A2

0.68%

4.82%

5.41%

0.88%

5.67%

5.60%

2.75%

2.65%

4.74%

4.18%

2.74%

4.86%

4.81%

4.54%

3.06%

4.85%

4.80%
9/16/2026
8/16/2027
2/18/2028
1/21/2026
6/21/2028
10/27/2025
4/30/2027
8/1/2026
8/1/2028
7/1/2028
1/1/2026
10/1/2028
6/1/2028
7/1/2029
12/1/2024
5/1/2028
9/1/2028

15.70 1,031.47
1,442.67

19.91 401.63
25,620.00
16,500.00
1,215.96
1,975.00
1,835.06
629.06
FHMS K508 A2
FNA 2023-M6 A2
FHMS K054 A2
FHMS K511 A2 1,113.75
2,208.71
1,873.99
506.01
FHMS K505 A2
FHMS K526 A2
FHMS K043 A2
FHMS KJ48 A1 1,593.45
2,000.00FHMS K507 A2
27PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
G/L (BV)Par ($) CUSIP Security Description Coupon

INTEREST
11/1/2024
11/1/2024
11/1/2024
11/1/2024
11/1/2024
11/1/2024
11/1/2024
11/1/2024
11/1/2024
11/1/2024
11/1/2024
11/1/2024
11/1/2024
11/3/2024
11/7/2024
11/15/2024
11/15/2024
11/25/2024
11/25/2024
11/25/2024
11/25/2024
11/25/2024
11/25/2024
11/25/2024
11/25/2024
11/25/2024
11/1/2024
11/1/2024
11/1/2024
11/25/2024
11/3/2024
11/7/2024
11/15/2024
11/15/2024
3137HAMH6
3137HB3D4
3137HDJJ0
3137F1G44
3137HDV56
3137HBLV4
3137HAD45
3137HAST4
3137BTUM1
13077DQD7
90327QD89
17252MAP5
3137BXQY1
65558UYF3
3135G06G3
14041NGD7
344928AD8
FHMS K506 A2 4.65%

5.06%

4.80%

3.24%

4.72%

4.57%

4.77%

4.85%

3.34%

0.86%

3.37%

3.45%

3.22%

5.53%

0.50%

4.42%

4.65%
8/1/2028
10/1/2028
5/1/2029
4/1/2027
5/1/2029
12/1/2028
6/1/2028
9/1/2028
11/1/2026
11/1/2025
5/1/2025
5/1/2025
3/1/2027
11/3/2025
11/7/2025
5/15/2028
2/15/2028
3,100.00
760.35FHMS K510 A2
FHMS K522 A2 2,201.38
1,486.38
1,730.67
1,104.90
1,736.07
1,515.63
1,037.61
366.35
FHMS K065 A2
FHMS K524 A2
FHMS K514 A2
FHMS KJ46 A1
FHMS K509 A2
FHMS K061 A2

CALIFORNIA ST UNIV-B

USAA CAPITAL CORP
CINTAS CORPORATION NO. 2 (CALLABLE)
FHMS K064 A2
3,796.88
1,121.25
1,477.67
12,442.50
1,625.00
1,804.83
503.75

NORDEA BANK ABP NEW YORK

FANNIE MAE
COMET 2023-A1 A
FORDO 2023-A A3
28PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
G/L (BV)Par ($) CUSIP Security Description Coupon

INTEREST
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
44935FAD6
14318MAD1
41285JAD0
02582JKH2
254683CY9
254683CZ6
161571HT4
891940AC2
91324PEC2
14314QAC8
91412HGE7
02582JJZ4
369550BG2
65480BAC1
05522RDG0
65480JAC4
31680EAD3
HART 2021-C A3 0.74%

3.97%

5.05%

5.23%

4.31%

4.93%

5.16%

4.63%

1.15%

0.52%

0.88%

4.87%

3.50%

0.33%

4.79%

4.46%

5.53%
5/15/2026
4/15/2027
12/15/2027
4/16/2029
3/15/2028
6/15/2028
9/15/2028
9/15/2027
5/15/2026
2/17/2026
5/15/2025
5/15/2028
5/15/2025
10/15/2025
5/15/2028
5/17/2027
8/15/2028

9.45 CARMX 2022-3 A3 492.70
715.42
2,157.37
1,149.33
1,437.92
1,741.50
945.29
1,293.75

1.54 HDMOT 2023-A A3
AMXCA 2024-1 A
DCENT 2023-A1 A
DCENT 2023-A2 A
CHAIT 2023-A1 A
TAOT 2023-A A3

UNITEDHEALTH GROUP INC (CALLABLE)
CARMX 2021-2 A3

UNIV OF CALIFORNIA-BG (CALLABLE)
AMXCA 2023-1 A
375.28
771.08
3,937.50

3.16 GENERAL DYNAMICS CORP (CALLABLE)
NAROT 2021-A A3
BACCT 2023-A1 A1 678.58
446.93
1,612.92
NAROT 2022-B A3
FITAT 2023-1 A3
29PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
G/L (BV)Par ($) CUSIP Security Description Coupon

INTEREST
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/16/2024
11/16/2024
11/18/2024
11/21/2024
11/21/2024
11/30/2024
12/1/2024
12/1/2024
12/1/2024
12/1/2024
12/1/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/16/2024
11/16/2024
11/18/2024
11/21/2024
11/21/2024
11/30/2024
12/25/2024
12/25/2024
12/25/2024
12/25/2024
12/25/2024
539830BZ1
89190GAC1
05522RDH8
14041NGB1
02582JKD1
912828U24
36265QAD8
362554AC1
43815QAC1
43815GAC3
438123AC5
91282CFZ9
3137BNGT5
3137HDV56
3137HBLV4
3137HBC69
3137HDXL9

LOCKHEED MARTIN CORP (CALLABLE)
TAOT 2021-B A3

4.45%

0.26%

4.98%

4.95%

5.23%

2.00%

4.82%

0.68%

5.41%

0.88%

5.67%

3.87%

2.74%

4.72%

4.57%

4.85%

4.54%
5/15/2028
11/17/2025
11/15/2028
10/15/2027
9/15/2028
11/15/2026
8/16/2027
9/16/2026
2/18/2028
1/21/2026
6/21/2028
11/30/2027
1/1/2026
1,335.00

1.99 BACCT 2023-A2 A2
COMET 2022-A3 A
AMXCA 2023-3 A
747.00
1,010.63
1,786.92
37,750.00
962.13

US TREASURY N/B
GMCAR 2022-4 A3
GMCAR 2021-4 A3
HAROT 2023-3 A3
HAROT 2021-4 A3
HAROT 2023-4 A3

US TREASURY N/B
FHMS K054 A2

13.74 1,442.67

17.06 401.63
46,015.63
629.06
FHMS K524 A2 5/1/2029 1,730.67
1,104.90
1,590.13
1,873.99
FHMS K514 A2 12/1/2028
5/1/2028FHMS KJ48 A1
FHMS K526 A2 7/1/2029
30PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
G/L (BV)Par ($) CUSIP Security Description Coupon

INTEREST
12/1/2024
12/1/2024
12/1/2024
12/1/2024
12/1/2024
12/1/2024
12/1/2024
12/1/2024
12/1/2024
12/1/2024
12/1/2024
12/1/2024
12/1/2024
12/1/2024
12/1/2024
12/3/2024
12/6/2024
12/25/2024
12/25/2024
12/25/2024
12/25/2024
12/25/2024
12/25/2024
12/25/2024
12/25/2024
12/25/2024
12/25/2024
12/25/2024
12/25/2024
12/25/2024
12/25/2024
12/25/2024
12/3/2024
3137BGK24
3137BXQY1
3137HAMH6
3137HB3G7
3137HAD45
3136BQDE6
3137HAST4
3137HDJJ0
3137BTUM1
3137HACX2
3137F1G44
3137BSP72
3137HAMS2
3137HB3D4
3137HAQ74
023135BQ8
06051GKE8
FHMS K043 A2 3.06%

3.22%

4.65%

4.86%

4.77%

4.18%

4.85%

4.80%

3.34%

4.81%

3.24%

2.65%

4.80%

5.06%

4.74%

0.80%

1.53%
12/1/2024
3/1/2027
8/1/2028
10/1/2028
6/1/2028
7/1/2028
9/1/2028
5/1/2029
11/1/2026
6/1/2028
4/1/2027
8/1/2026
9/1/2028
10/1/2028
8/1/2028
6/3/2025
12/6/2025
226.29
FHMS K064 A2 1,477.67
3,100.00
1,113.75
1,734.95
1,831.18
1,515.63
2,201.38
1,035.58
2,208.71
1,486.38
1,215.96
2,000.00
760.35
FHMS K506 A2
FHMS K511 A2
FHMS KJ46 A1
FNA 2023-M6 A2
FHMS K509 A2
FHMS K522 A2
FHMS K061 A2
FHMS K505 A2
FHMS K065 A2
FHMS K058 A2
FHMS K507 A2
FHMS K510 A2
FHMS K508 A2 1,975.00
1,900.00
1,721.25
AMAZON.COM INC (CALLABLE)
BANK OF AMERICA CORP (CALLABLE)12/6/2024
31PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
G/L (BV)Par ($) CUSIP Security Description Coupon

INTEREST
12/9/2024 12/9/2024 63254ABD9
63254ABE7
63743HFE7
254683CZ6
02582JKH2
254683CY9
44935FAD6
14041NGD7
891940AC2
14041NGB1
02582JKD1
41285JAD0
05522RDG0
65480JAC4
14318MAD1
05522RDH8
02582JJZ4

NATIONAL AUSTRALIA BK/NY

NATIONAL AUSTRALIA BK/NY

NATIONAL RURAL UTIL COOP
DCENT 2023-A2 A

3.50%

3.90%

3.45%

4.93%

5.23%

4.31%

0.74%

4.42%

4.63%

4.95%

5.23%

5.05%

4.79%

4.46%

3.97%

4.98%

4.87%
6/9/2025 4,375.00
9,762.50
862.50
12/9/2024 12/9/2024 6/9/2027
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
6/15/2025
6/15/2028
4/16/2029
3/15/2028
5/15/2026
5/15/2028
9/15/2027
10/15/2027
9/15/2028
12/15/2027
5/15/2028
5/17/2027
4/15/2027
11/15/2028
5/15/2028
1,437.92
2,157.37
1,149.33

7.25 AMXCA 2024-1 A
DCENT 2023-A1 A
HART 2021-C A3
COMET 2023-A1 A
TAOT 2023-A A3
1,804.83
945.29
COMET 2022-A3 A
AMXCA 2023-3 A
1,010.63
1,786.92
707.12HDMOT 2023-A A3
BACCT 2023-A1 A1
NAROT 2022-B A3
678.58
417.36
CARMX 2022-3 A3 456.88
BACCT 2023-A2 A2
AMXCA 2023-1 A
747.00
771.08
32PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
G/L (BV)Par ($) CUSIP Security Description Coupon

INTEREST
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/16/2024
12/16/2024
12/18/2024
12/21/2024
12/21/2024
12/25/2024
12/31/2024
12/31/2024
12/31/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/16/2024
12/16/2024
12/18/2024
12/21/2024
12/21/2024
12/25/2024
12/31/2024
12/31/2024
12/31/2024
344928AD8
31680EAD3
65480BAC1
161571HT4
362554AC1
36265QAD8
43815QAC1
438123AC5
43815GAC3
437076DC3
91282CJR3
912828ZW3
91282CCH2
FORDO 2023-A A3
FITAT 2023-1 A3

4.65%

5.53%

0.33%

5.16%

0.68%

4.82%

5.41%

5.67%

0.88%

4.75%

3.75%

0.25%

1.25%
2/15/2028
8/15/2028
10/15/2025
9/15/2028
9/16/2026
8/16/2027
2/18/2028
6/21/2028
1/21/2026
6/25/2029
12/31/2028
6/30/2025
6/30/2028
503.75
1,612.92

0.32NAROT 2021-A A3
CHAIT 2023-A1 A 1,741.50

11.86GMCAR 2021-4 A3
GMCAR 2022-4 A3
HAROT 2023-3 A3
HAROT 2023-4 A3
HAROT 2021-4 A3

HOME DEPOT INC (CALLABLE)

US TREASURY N/B

US TREASURY N/B

US TREASURY N/B
893.02
1,442.67
401.63

14.20 8,906.25
71,250.00

62.50 50,625.00
471,570.11Total INTEREST

PAYDOWNS

0.00 0.00
10/1/2024
10/1/2024
10/25/2024
10/25/2024
771.02
340.18
3137BTUM1
3137HAD45
FHMS K061 A2
FHMS KJ46 A1

3.34%

4.77%
11/1/2026
6/1/2028
771.02
340.18

14.57 0.01
33PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date
Maturity
Date
Transact
Amount ($)
Yield
at Market
Realized
G/L (BV)Par ($) CUSIP Security Description Coupon

PAYDOWNS
10/1/2024
10/1/2024
10/1/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/16/2024
10/16/2024
10/21/2024
11/1/2024
11/1/2024
11/1/2024
11/1/2024
11/1/2024
10/25/2024
10/25/2024
10/25/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/15/2024
10/16/2024
10/16/2024
10/21/2024
11/25/2024
11/25/2024
11/25/2024
11/25/2024
11/25/2024