Agenda packet — Lake Elsinore City Council, March 25, 2025 (part 1 of 3)

City of Lake Elsinore
City Council Meeting
Agenda – Final

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 25, 2025

Closed Session: 6:00 PM
Public Session: 7:00 PM

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

The City of Lake Elsinore appreciates your attendance. Citizens’ comments, input and interests provide the City Council with valuable information regarding issues of the community.

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

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

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

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

Accessibility Accommodations
In compliance with the Americans with Disabilities Act, any person with a disability who requires a modification or accommodation in order to participate in a meeting should contact the City Clerk’s Department at (951) 6743124 Ext. 269, at least 48 hours before the meeting to make reasonable arrangements to ensure accessibility

City Council Agenda - Final March 25, 2025

City of Lake Elsinore Page 2

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

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

The Anchors are the City of Lake Elsinore’s unique community assets and opportunities: The Lake, Downtown, and Action and Adventure.

• The Lake: Lake Elsinore is a vital community asset. Protecting, enhancing, and celebrating the Lake is critical to Lake Elsinore’s City and community health.

• Downtown: Enhancing and creating the highest quality downtown experience will serve to create a strong sense of place that will shape the City’s identity as a place where residents and visitors can live, work, and play.

• Action and Adventure: Lake Elsinore’s programs, facilities, and natural environment will define the City as a destination for action and adventure for both visitors and residents.

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

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

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

City Council Agenda - Final March 25, 2025

City of Lake Elsinore Page 3

CALL TO ORDER

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

ROLL CALL

PUBLIC COMMENTS ON CLOSED SESSION ITEMS

CLOSED SESSION – 6:00 P.M.

A. CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION
Paragraph (1) of subdivision (d) of Section 54956.9)
Name of case: DS & RS Investment LLC, et al. v. City of Lake Elsinore, et al.; Riverside Superior Court Case No. CVME2402627

RECESS

The City Council will recess to Closed Session.

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

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

PLEDGE OF ALLEGIANCE

ROLL CALL

CLOSED SESSION REPORT

PRESENTATIONS/CEREMONIALS

1) DMV Donate Life Month

Present a Proclamation proclaiming the month of April 2025 as “DMV Donate Life Month” in the City of Lake Elsinore.

2) Business in Action Monthly Spotlight – Michi’s Tacos

Recognize Michi’s Tacos as the City of Lake Elsinore’s Business in Action Monthly Spotlight for March 2025.

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 1 MINUTE

(Please read & complete a Request to Address the City Council/Successor Agency form prior to the start of the meeting and turn it in to the City Clerk/Clerk. The Mayor/Chair or City Clerk/Clerk will call on you to speak.)

CITY COUNCIL CONSENT CALENDAR

3) Minutes of the Regular City Council Meeting of March 11, 2025

Approve the Minutes.

City Council Agenda - Final March 25, 2025

City of Lake Elsinore Page 4

4) CC Warrant Report Dated February 17, 2025 to February 23, 2025

Receive and File.

5) CC Warrant Report Dated February 24, 2025 to March 02, 2025

Receive and File.

6) CC Warrant Report Dated March 03, 2025 to March 09, 2025

Receive and File.

7) CC Warrant Report Dated March 10, 2025 to March 16, 2025

Receive and File.

8) CC Investment Report for February 2025

Receive and file the Investment Report for February 2025.

9) Change Order No. 2 to the Professional Services Agreement with Inland Foundation Engineering, Inc. for Geotechnical Services on the New City Hall Project

Approve and authorize the City Manager to execute Change Order No. 2 to the agreement with Inland Foundation Engineering, Inc. in an amount not to exceed $110,000.00 for geotechnical services related to the New City Hall Project in such final form as approved by the City Attorney.

10) Public Works Construction Agreement with Edmondson Construction Co. for the Parking Lot Curb & Gutter Site Improvement of the New City Library (CIP Project #Z20003)

Award and authorize the City Manager to execute a Public Works Construction Agreement with Edmondson Construction Co. in an amount not to exceed $72,500.00 for the parking lot curb & gutter site improvement of the new City Library (CIP Project #Z20003) in such final form as approved by the City Attorney; authorize the City Manager to execute change orders not exceeding a 10% contingency of $7,250.00 for uncertainties and adjustments; and authorize the City Clerk to record the Notice of Completion once work is completed.

11) On-Call Professional Services Agreements with GEI Consultants, Inc., for Lake Water Testing and Blankinship & Associates, Inc. for Water Quality Permit Management

1. Approve and authorize the City Manager to execute an On-Call Professional Services Agreement with GEI Consultants Inc. in an amount not to exceed $70,000 per fiscal year, in such final form as approved by the City Attorney.

2. Approve and authorize the City Manager to execute an On-Call Professional Services Agreement with Blankinship & Associates, Inc. in an amount not to exceed $35,000 per fiscal year, in such final form as approved by the City Attorney.

City Council Agenda - Final March 25, 2025

City of Lake Elsinore Page 5

12) Amendment No. 1 to the Agreement for Professional Services with Helix Environmental Planning, Inc. for the Dexter Village Project

Approve and authorize the City Manager to execute Amendment No. 1 to the Agreement for Professional Services with Helix Environmental Planning, Inc. (Helix) to increase the contract amount for an additional $35,400 for a total contract amount not to exceed $88,800 for the Dexter Village Project, in such final form as approved by the City Attorney.

13) Amendment No. 1 to Professional Services Agreement with Dustin Thompson Photography

Approve and authorize the City Manager to execute Amendment No. 1 to the Professional Services Agreement with Dustin Thompson Photography in an amount not to exceed $45,000 per year for event services in such final form as approved by the City Attorney and authorize the City Manager to execute change orders not exceeding a 10% contingency of $4,500 for uncertainties and adjustments.

14) Bunny Trunk Hop Road Closures - 2025

Approve the road closure for the Bunny Trunk Hop Event on Saturday, April 19th, 2025.

15) July 4th Fireworks Celebration on the Lake

Approve and authorize the City Manager to execute a Production Agreement with Pyro Spectaculars, Inc. in an amount not to exceed $50,000 for the 4th of July Annual
Fireworks Spectacular in such final form as approved by the City Attorney.

16) Agreement with Southern California Mulch, Inc. (SoCal Mulch) for the Mulch Maintenance of Citywide Streetscapes

Approve and authorize the City Manager to execute an agreement with SoCal Mulch, Inc. in an amount not to exceed $159,015.63 for the Mulch Maintenance of Citywide Streetscapes 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 $15,901.56 for unanticipated costs.

17) Construction Agreement with Leonida Builders, Inc. for the CDBG and SB 821 Lakeshore Drive ADA Sidewalk Improvement Project (CDBG No. 2.LE.84- 22, CIP Project No. Z10084)

Approve and authorize the City Manager to execute a Public Works Construction Agreement with Leonida Builders, Inc. in the amount of $1,199,700.00 for the CDBG and SB 821 Lakeshore Drive ADA Sidewalk Improvement Project (CDBG No. 2.LE.84- 22 CIP Project No. Z10084) in such final form as approved by the City Attorney; authorize the City Manager to execute change orders not to exceed 10% contingency amount of $119,970.00; and authorize the City Clerk to record the Notice of Completion once it is determined the work is complete and the improvements are accepted into the City-maintained pedestrian network.

City Council Agenda - Final March 25, 2025

City of Lake Elsinore Page 6

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.

SUCCESSOR AGENCY CONSENT CALENDAR

19) Minutes of the Regular Successor Agency Meeting of March 11, 2025

Approve the Minutes.

20) SA Warrant Report Dated February 17, 2025 to February 23, 2025

Receive and File.

21) SA Warrant Report Dated February 24, 2025 to March 02, 2025

Receive and File.

22) SA Warrant Report Dated March 03, 2025 to March 09, 2025

Receive and File.

23) SA Warrant Report Dated March 10, 2025 to March 16, 2025

Receive and File.

24) SA Investment Report for February 2025

Receive and file the Investment Report for February 2025.

PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 3 MINUTES

CITY MANAGER COMMENTS

CITY ATTORNEY COMMENTS

CITY COUNCIL COMMENTS/REPORTS ON MEETINGS ATTENDED

City Council Agenda - Final March 25, 2025

City of Lake Elsinore Page 7

ADJOURNMENT

The Lake Elsinore City Council will adjourn to the next Regular meeting of Tuesday, April 22, 2025 in the Cultural Center located at 183 N. Main Street. Closed Session will commence at 5:00 p.m. or such later time as noticed on the Agenda, and the regular Open Session business meeting will commence at 7:00 p.m.

AFFIDAVIT OF POSTING

I, Candice Alvarez, MMC, City Clerk of the City of Lake Elsinore, do hereby affirm that a copy of the forgoing agenda was posted at City Hall at 5:00 p.m. on Thursday, March 20, 2025.

_________________________
Candice Alvarez, MMC
City Clerk

CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION
Paragraph (1) of subdivision (d) of Section 54956.9)
Name of case: DS & RS Investment LLC, et al. v. City of Lake Elsinore, et al.; Riverside Superior Court Case No. CVME2402627

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To:Honorable Mayor and Members of the City Council
From:Jason Simpson, City Manager
Prepared by:Barbara Leibold, City Attorney
Date:March 25, 2025
Subject: CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION Paragraph (1) of subdivision (d) of Section 54956.9)
Name of case: DS & RS Investment LLC, et al. v. City of Lake Elsinore, et al.; Riverside Superior Court Case No. CVME2402627
1)
DMV Donate Life Month
Present

Proclamation

proclaiming

the

month

April

2025

“DMV

Donate

Life

Month”

in
the City of Lake Elsinore.

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To:Honorable Mayor and Members of the City Council
From:Jason Simpson, City Manager
Prepared by:Candice Alvarez, MMC, City Clerk
Date:March 25, 2025
Subject:DMV Donate Life Month
Recommendation
Present a Proclamation proclaiming the month of April 2025 as “DMV Donate Life Month” in the City of Lake Elsinore.

Attachments
Attachment 1- Proclamation
Attachment 2 – OneLegacy Flyer
Attachment 3 – Run-Walk Flyer
City Clerk's Office
DMV/Donate Life Month
WHEREAS, organ, eye, tissue, marrow and blood donation are life-giving acts recognized worldwide as expressions of compassion to those in need; WHEREAS, more than 1 03,000 individuals nationwide and more than 23,000 in California are currently on the national organ transplant waiting list, and on average, 17 people die each day while waiting;
WHEREAS, the need for donated organs is especially urgent in Hispanic, Latino, and African American communities;
WHEREAS, a single individual’s donation of the heart, lungs, liver, kidneys, pancreas, and small intestine can save up to eight lives, donation of tissue can save and heal the lives of more than 75 others, and organ donors saved more than 46,000 lives last year; WHEREAS, any person can register to be an organ, eye and tissue donor regardless of age or medical conditions;
WHEREAS, being a registered donor does not impact the quality of life-saving medical care a person receives in an emergency;
WHEREAS, California residents can sign up with the Donate Life California Donor Registry online at any time by visiting www.donateLIFEcalifornia.org or, for Spanish-speakers, www.doneVIDAcalifornia.org;
WHEREAS, California residents can sign up to be an organ, eye and tissue donor when applying for or renewing their driver’s licenses or ID cards at the California Department of Motor Vehicles; and
WHEREAS, California residents interested in saving a life through living kidney donation may visit www.LivingDonationCalifornia.org.

NOW, THEREFORE, the City Council of the City
of Lake Elsinore, California, does hereby proclaim
the month of April 2025 as “DMV/Donate Life
Month” in the City of Lake Elsinore,
and encourages all Californians to check
“YES!” when applying for or renewing their
driver’s license or I.D. card at the DMV.

Brian Tisdale, Mayor
Page | 1
Donate Life Month: April 2025
OneLegacy Public Education Partnership
Since 2005, OneLegacy has requested the support of Southern California civic and community leaders to celebrate and encourage the gift of life at the Donate Life Run/Walk and throughout Donate Life Month. As leaders of your community, we hope you will join us in taking steps to raise awareness of the vital need for organ and tissue donors, celebrating and embracing the generous choice to give the gift of life.

The Need: Over 20,000 Californians need a life-saving
transplant
Even though more than 100 people per day received a life-saving transplant in 2024, about 17 die every day still waiting .

California has only 12% of the nation’s population, but nearly 20% of the nation’s currently- waiting transplant candidates.

Only about half of all Californians are registered organ, eye and tissue donors.

Illnesses that lead to the need for transplant are common. So, education about organ, eye and tissue donation should be common too.

Saying yes to organ, eye and tissue donation is saying yes to LIFE! The Request: Help Us Spread the Word to Save Lives
Celebrate Donate Life Month by sharing information about organ, eye and tissue donation with your residents throughout the month of April. Include a call to action, encouraging residents to “sign up and save lives!” by visiting donatelifecalifornia.org/OneLegacy/ Using our ready-made tools, you can enhance organ, eye and tissue donation awareness via your… Social Media Platforms
Email Newsletters
Utility Bill Inserts
City Website
City Proclamation
And more!
Getting started is as easy as Copy & Paste! Click here to begin:
https://www.onelegacy.org/wp/national-observances-toolkit

Page | 2

2025 Donate Life Run/Walk:

Join Us on Saturday, April 26!
We invite you to join us in-person for the 23rd annual
Donate Life Run/Walk on Saturday, April 26, 2025!
As an elected leader in our community, your
participation sets an important tone for your
constituents, and means the world to the Donate
Life community. Please feel free to share
information about the Run/Walk with your friends and family as well. The more, the merrier! Join us for our 2025 OneLegacy Donate Life Run Walk to run or walk with your team and celebrate the power of organ, eye and tissue donation.

Founded in 2003 by local organizers Craig and Kathleen Hostert of Fullerton, the annual OneLegacy Donate Life Run/Walk is the largest event of its kind in the nation. The event features an inspiring opening ceremony, competitive 5K run and healthy 5K/1K walk, followed by a Family Festival with food vendors, live entertainment, special activities for children and a raffle drawing.

A non-competitive 5K/1K Run/Walk to educate and inspire the community about organ, eye, and tissue donation with proceeds benefiting the OneLegacy Foundation.

Link to Sign Up: https://www.givesignup.org/Race/CA/Azusa/DONATELIFERunWalk

Above & Beyond – More Ways to Educate, Inspire, and Save Lives Do you have additional ideas for how we can reach the community with this important message? Do you have general questions, comments, or concerns? Would you like an educational presentation about organ eye and tissue donations for your staff or community group? We want to hear from you! To submit events for OneLegacy Consideration, visit https://www.onelegacy.org/community/

Page | 3

Facts about Donation and Transplantation: Did you know…? THE GIFT – One organ donor can save the lives of up to eight (8) people by donating their heart, lungs, kidneys, liver, pancreas and small intestines.

THE GIFT – On average, one tissue donor can enhance the lives of more than 75 people by donating their corneas, skin, bones, and heart valves, among others.

THE NEED – More than 48,000 organ transplants were performed in the U.S. in 2024, which was possible through the generosity of deceased and living donors.

THE NEED – Over 100,000 people are currently waiting for an organ transplant in the U.S.; over 20,000 in California alone.

THE NEED – 17 patients die every day while waiting because the organ they needed did not become available in time.

THE NEED – The need for transplants is disproportionately high among minority populations. Communities of color often suffer higher incidences of conditions such as high blood pressure or diabetes, which can lead to the need for a kidney transplant.

DONOR REGISTRATION – To register to be an organ, eye and tissue donor Californians can go to www.donateLIFEcalifornia.org, or its Spanish counter-part www.doneVIDAcalifornia.org.

THE FACTS – Patients are fairly matched with a donor based on the severity of their illness, body size, tissue type, blood type and other important medical information.

THE FACTS – Over 39,000 patients have their sight restored every year through cornea transplants.

THE FACTS – Nearly one third of all deceased donors are age 50 or older. People of all ages and medical histories should consider themselves potential donors.

THE FACTS – Every major religion in the United States supports organ donation as one of the highest expressions of compassion and generosity.

LIVING DONATION - A living donor can provide a kidney or a portion of their liver, lung, pancreas or intestine. To explore living donation, visit www.LivingDonationCalifornia.org Updated: 1/31/2025

RUN WALK
5K
1K

FAMILY FESTIVAL
5K & 1K

RUN-WALK

FAMILY FESTIVAL
5K & 1K

RUN-WALK

FAMILY FESTIVAL
52 32

RUN WALK
5K
1K

FAMILY FESTIVAL
5K & 1K

RUN-WALK

FAMILY FESTIVAL
7AM

SATURDAY
April 26, 2025

AZUSA PACIFIC UNIVERSITY
701 E Foothill Blvd Azusa, CA 91702

SCAN TO
REGISTER!

2)
Business in Action Monthly Spotlight – Michi’s Tacos
Recognize

Michi’s

Tacos

the

City

Lake

Elsinore’s

Business

Action

Monthly

Spotlight
for March 2025.

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To:Honorable Mayor and Members of the City Council
From:Jason Simpson, City Manager
Prepared by:Gina Gonzalez, Director of Economic Development and Legislative Affairs Date:March 25, 2025
Subject:Business in Action Monthly Spotlight – Michi’s Tacos Recommendation
Recognize Michi’s Tacos as the City of Lake Elsinore’s Business in Action Monthly Spotlight for March 2025.

Background
The City of Lake Elsinore’s Business in Action Monthly Spotlight highlights outstanding local businesses that contribute to the community’s economic growth, exceptional customer service, and community involvement. For the month of March 2025, the City is proud to recognize Michi’s Tacos for its dedication to providing high-quality, authentic Mexican cuisine and its active engagement in supporting local events and initiatives.

Discussion
Michi’s Tacos, a family-owned and operated restaurant, has been serving the Lake Elsinore community with passion and excellence for several years. Known for its delicious, authentic street tacos and signature salsas, Michi’s Tacos has built a loyal customer base and a reputation as Birria experts and for offering some of the best Mexican food in the area.

Beyond serving great food, Michi’s Tacos is deeply committed to the local community. The restaurant frequently participates in local events, sponsors youth sports teams, and contributes to charitable initiatives throughout the city. Their commitment to quality and community engagement exemplifies the values of a thriving local business.

By recognizing Michi’s Tacos as the Business in Action Monthly Spotlight, the City aims to celebrate their contributions and encourage other businesses to follow their example in supporting and enhancing the Lake Elsinore community.

March Monthly Spotlight

Page 2 of 2 ends

Fiscal Impact
There is no fiscal impact associated with this recognition.

Attachments
None.

City Clerk's Office
3)
Minutes of the Regular City Council Meeting of March 11, 2025 Approve the Minutes.

Page 1 of 1 ends

REPORT TO CITY COUNCIL
To:Honorable Mayor and Members of the City Council
From:Jason Simpson, City Manager
Prepared by:Candice Alvarez, MMC, City Clerk
Date:March 25, 2025
Subject:Minutes of the Regular City Council 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.

4)
CC Warrant Report Dated February 17, 2025 to February 23, 2025 Receive and File.

Page 1 of 1 ends

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

Attachments
Attachment 1 – City Warrant Summary
Attachment 2 – City Warrant List
Administrative Services
FEB 17, 2025 TO FEB 23, 2025 CITY OF LAKE ELSINORECITY WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL 206,603.10 $
103 THE ANCHOR 2,116.60
110 GAS TAX 22,685.21
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 23,998.77 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 3,923.39 155 NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM 759.74 180 LAUNCH POINTE 68,849.37
205 TRAFFIC IMPACT FEE 954.00
305 INFORMATION SYSTEMS SERVICE 31,779.01
310 SUPPORT SERVICE 1,876.60
315 FLEET SERVICE 747.93
320 FACILITIES SERVICE 4,999.45
330 CFD 2015-2S MAINTENANCE SERVICES 1,614.82
331 CFD 2006-1 IA-CC SUMMERLY IMPROVEMENT 810.81
332 CFD 2006-1 IA-B SUMMERLY IMPROVEMENT 810.81
333 CFD 2015-4 TERRACINA IMPROVEMENT 810.81
334 CFD 2015-5 TRIESTE IMPROVEMENT 789.65
335 CFD 2003-2 IA-E CANYON HILLS IMPROVEMENT 789.65
336 CFD 2006-1 IA-FF SUMMERLY IMPROVEMENT 789.65
337 CFD 2016-2 CANYON HILLS IMPROVEMENT 766.65
338 CFD 2006-1 IA-JJ SUMMERLY IMPROVEMENT 789.65
339 CFD 2006-1 IA-KK SUMMERLY IMPROVEMENT 810.81
340 CFD 2006-1 IA-EE SUMMERLY IMPROVEMENT 789.65
342 CFD 2007-5S RED KITE SERVICES 579.15
343 CFD 2006-2S VISCAYA SERVICES 579.15
344 CFD 2005-2S ALBERHILL RANCH SERVICES 579.15
345 CFD 2003-2 IA-D CANYON HILLS IMPROVEMENT 1,600.45
347 CFD 2006-1 IA-A SUMMERLY IMPROVEMENT 1,389.96
350 CFD 98-1 SUMMERHILL IMPROVEMENT 810.81
351 CFD 2006-1 IA-II SUMMERLY IMPROVEMENT 810.81
355 RAD 2021-1 CANYON HILLS IMPROVEMENT 2,237.52
357 CFD 2003-2 IA-A CANYON HILLS IMPROVEMENT 1,042.48
358 CFD 2007-4S MAKENNA SERVICES 579.15
359 CFD 2021-1 IA-2 TUSCANY VALLEY & CREST IMPROVEMENT 694.44 361 CFD 2022-2 LAKESHORE IMPROVEMENT 674.22
362 CFD 2006-8S RUNNING DEER ESTATES SERVICES 579.15
363 CFD 2023-1 LAKESIDE IMPROVEMENT 674.22
364 CFD 2023-2 COASTAL MISSION TRAIL IMPROVEMENT 652.33 366 CFD 2005-6 CITY CENTER TOWNHOMES IMPROVEMENT 579.15 367 CFD 2006-1S SUMMERLY SERVICES 579.15
368 CFD 2006-2 VISCAYA IMPROVEMENT 579.15
369 CFD 2004-3 IA-1 ROSETTA CANYON IMPROVEMENT 810.81
Attachment 1 1 of 2
FEB 17, 2025 TO FEB 23, 2025 CITY OF LAKE ELSINORECITY WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
370 CFD 2006-1 IA-HH SUMMERLY IMPROVEMENT 810.81
371 CFD 2005-1 SERENITY IMPROVEMENT 810.81
372 CFD 2005-2 IA-A ALBERHILL RANCH IMPROVEMENT 810.81
373 CFD 2005-5S WASSON CANYON SERVICES 579.15
374 CFD 2005-4 LAKEVIEW VILLAS IMPROVEMENT 289.57
375 CFD 2006-4 ROSETTA HILLS IMPROVEMENT 289.57
376 CFD 2006-3 LA STRADA IMPROVEMENT 579.15
377 CFD 2006-6 TESSARA IMPROVEMENT 347.49
378 CFD 2006-8 RUNNING DEER ESTATES IMPROVEMENT 766.65
379 CFD 2022-1 ALBERHILL IMPROVEMENT 674.22
380 CFD 2015-4S TERRACINA SERVICES 567.61
384 CFD 2003-2 IA-B CANYON HILLS IMPROVEMENT 2,779.91
385 CFD 2004-3 IA-2 ROSETTA CANYON IMPROVEMENT 810.81
386 CFD 2007-4 MAKENNA IMPROVEMENT 766.66
387 CFD 2007-5 RED KITE IMPROVEMENT 766.65
390 CFD 2003-2 IA-C CANYON HILLS IMPROVEMENT 2,084.93
392 CFD 95-1 CIVIC CENTER IMPROVEMENT 810.81
394 CFD 2005-5 WASSON CANYON IMPROVEMENT 579.15
395 CFD 2018-1 WASSON CANYON II IMPROVEMENT 547.60
396 CFD 2019-2 NICHOLS RANCH IMPROVEMENT 778.78
397 CFD 2019-1 WESTLAKE IMPROVEMENT 778.78
398 CFD 2021-1 IA-1 TUSCANY VALLEY & CREST IMPROVEMENT 694.44 500 CAPITAL IMPROVEMENT PLAN 1,126,428.72
620 COST RECOVERY TRUST DEPOSITS 51,628.75
650 CFD 2003-1S LAW,FIRE, PARAMEDIC SERVICES 810.81
651 CFD 2006-5S PARK, OPEN SPACE, STORM DRAIN SERVICES 579.15 652 CFD 2007-1S LAW,FIRE, PARAMEDIC SERVICES 579.15
653 CFD 2009-1S PARK,OPEN SPACE,STREET LIGHT SERVICES 579.15 655 CFD 2015-1S LAW, FIRE, PARAMEDIC SERVICES 921.31
GRAND TOTAL 1,594,348.78 $
Attachment 1 2 of 2
FEB 17, 2025 TO FEB 23, 2025 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA25001562 AARON CHEVROLET 533.86 $
APA25001563 ADVANTEC CONSULTING ENGINEERS, INC 6,592.00 APA25001564 ALBERT WEBB & ASSOCIATES 17,616.25
APA25001565 ATKINSON, ANDELSON, LOYA, RUUD & ROMO 9,072.50 APA25001566 BLAIS & ASSOCIATES, INC. 3,250.00
APA25001567 CALIFORNIA, DEPARTMENT OF JUSTICE 490.00
APA25001568 CALIFORNIA, DEPARTMENT OF JUSTICE 525.00
APA25001569 CDW GOVERNMENT, INC. 1,184.66
APA25001570 CHARLES ABBOTT ASSOCIATES, INC. 9,093.36
APA25001571 CONCENTRA 144.00
APA25001572 CR&R, INC. 4,671.97
APA25001574 CR&R, INC. 1,110.70
APA25001575 DISCOUNT HAULING & CLEANUP SERVICE 6,630.00 APA25001576 DUSTIN THOMPSON PHOTOGRAPHY 750.00
APA25001577 ENSURITY MOBILE CORP. 1,044.00
APA25001579 FEDERAL EXPRESS CORPORATION 7.75
APA25001580 GOLDSTAR ASPHALT PRODUCTS 561.11
APA25001581 GREAT AMERICA FINANCIAL SERVICES 1,876.60
APA25001582 HAZZARD BACKFLOW, INC. 390.00
APA25001583 INLAND FOUNDATION ENGINEERING, INC. 18,000.00 APA25001584 KIMLEY-HORN & ASSOCIATES, INC. 19,860.00
APA25001585 LAND IQ, LLC 540.00
APA25001586 LAWLER'S TRIPLE L TOWING 330.00
APA25001587 LOR GEOTECHNICAL GROUP 2,409.75
APA25001588 LSA ASSOCIATES, INC. 13,383.75
APA25001589 MOLEAER, INC 963,904.92
APA25001590 NAKAE & ASSOCIATES, INC. 3,650.00
APA25001591 NPG, INC. 2,662.50
APA25001592 NSIDEOUT 472.50
APA25001593 O'REILLY AUTO STORES INC/FIRST CALL 214.07
APA25001594 PRECISION CHEMDRY 5,354.00
APA25001595 PRESS-ENTERPRISE, THE 1,957.69
APA25001596 RIVERSIDE COUNTY TRANSPORTATION & LAND MANAGEMENT 16,817.77 APA25001597 ROBBINS PEST MANAGEMENT, INC. 180.00
APA25001598 RP LANDSCAPE & IRRIGATION 77,886.29
APA25001599 SAFETY-KLEEN SYSTEMS, INC. 470.27
APA25001600 SALES AND DISTRIBUTION SERVICES, INC. 4,142.69 APA25001601 SIGN DESIGN 111.29
APA25001602 SMAX ENTERTAINMENT, LLC 34,800.00
APA25001603 SOUTHERN CALIFORNIA EDISON CO. 6,507.15
APA25001604 STAUFFER LAWN EQUIPMENT 58.26
Attachment 2 1 OF 2
FEB 17, 2025 TO FEB 23, 2025 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA25001605 THE PUN GROUP, LLP 19,500.00
APA25001606 VULCAN MATERIALS COMPANY 1,163.64
APA25001607 WALMART COMMUNITY 173.59
APA25001608 WAXIE SANITARY SUPPLY 542.27
8604 AK SECURITY ALARM LLC 12,008.49
8605 AMAZON BUSINESS 1,610.54
8606 AMERICAN MATERIAL COMPANY 513.67
8607 ARELLANO ASSOCIATES 4,144.47
8608 BMW MOTORCYCLES OF RIVERSIDE 110.00
8609 BMW MOTORCYCLES OF RIVERSIDE 1,597.05
8610 BMW MOTORCYCLES OF RIVERSIDE 376.22
8611 BMW MOTORCYCLES OF RIVERSIDE 369.74
8612 BMW MOTORCYCLES OF RIVERSIDE 2,036.08
8613 CIVICA LAW GROUP, APC 7,408.14
8614 CLEARGOV, INC. 26,645.07
8615 COMMERCIAL DOOR COMPANY, INC. 3,998.50
8616 COMMERCIAL DOOR COMPANY, INC. 765.00
8617 DOWNS ENERGY 312.32
8618 ENDRESEN DEVELOPMENT, INC. 576.00
8619 ENGINEERING RESOURCES OF SO CA 19,578.44
8620 HDR ENGINEERING, INC. 103,561.33
8621 LAKE ELSINORE VALLEY CHAMBER OF COMMERCE 200.00
8622 MICHAEL BAKER INTERNATIONAL, INC. 9,120.75
8623 PALMS PARK LLC 4,000.00
8624 PRUDENTIAL OVERALL SUPPLY 465.85
8625 RIGHTWAY SITE SERVICES, INC. 3,646.87
8626 SECURITAS SECURITY SERVICES USA, INC. 3,241.92
8627 SKYLINE SAFETY AND SUPPLY 1,306.13
8628 SOUTHWEST ICE MACHINES 538.88
8629 SPICER CONSULTING GROUP 52,469.50
8633 VCS ENVIRONMENTAL 18,385.00
8634 WKE, INC. 13,467.75
8635 YUNEX, LLC 160.00
143721 EVMWD 41,043.93
143724 GONZALEZ, GINA 54.98
GRAND TOTAL 1,594,348.78 $
Attachment 2 2 OF 2
5)
CC Warrant Report Dated February 24, 2025 to March 02, 2025 Receive and File.

Page 1 of 1 ends

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

Attachments
Attachment 1 – City Warrant Summary
Attachment 2 – City Warrant List
Administrative Services
FEB 24, 2025 TO MAR 02, 2025 CITY OF LAKE ELSINORECITY WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL 1,963,814.74 $
103 THE ANCHOR 8,003.77
110 GAS TAX 60,275.00
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 41,190.40 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 7,666.97 180 LAUNCH POINTE 71,803.97
300 INSURANCE SERVICE (12,735.64)
305 INFORMATION SYSTEMS SERVICE 34,503.59
310 SUPPORT SERVICE 1,702.72
315 FLEET SERVICE 24,225.78
320 FACILITIES SERVICE 21,397.64
500 CAPITAL IMPROVEMENT PLAN 334,616.35
608 TRUST DEPOSITS 90,241.94
620 COST RECOVERY TRUST DEPOSITS (72,646.76)
631 DESTRATIFICATION EQUIPMENT REPLACEMENT 8,031.35
GRAND TOTAL 2,582,091.82 $
Attachment 1 1 of 1
FEB 24, 2025 TO MAR 02, 2025 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA25001609 AARON CHEVROLET 1,944.85 $
APA25001610 ACTION GAS & WELDING SUPPLY 32.59
APA25001611 ALLEGRA MARKETING PRINT MAIL 77.99
APA25001612 AMERICAN FORENSIC NURSES, INC. 1,296.00
APA25001613 ASCENT ENVIRONMENTAL, INC 2,592.57
APA25001614 AT&T 45.00
APA25001615 BANNER BANK 11,985.16
APA25001616 BERRYDUNN 20,761.00
APA25001617 BIO-TOX LABORATORIES 3,745.10
APA25001618 CALIFORNIA, DEPARTMENT OF INDUSTRIAL RELATIONS 225.00 APA25001619 CALIFORNIA, DEPARTMENT OF JUSTICE 64.00
APA25001620 CDW GOVERNMENT, INC. 1,552.47
APA25001621 CED LAGUNA 2,861.36
APA25001622 CHARTER COMMUNICATIONS 2,678.98
APA25001623 CHARTER COMMUNICATIONS 216.60
APA25001624 CHARTER COMMUNICATIONS 55.64
APA25001625 CORDERO, JOSE 55,709.38
APA25001626 COTTER CONSTRUCTION, INC. 3,100.00
APA25001627 DAVID EVANS AND ASSOCIATES, INC. 18,527.27
APA25001628 DISCOUNT HAULING & CLEANUP SERVICE 9,030.00 APA25001629 FERGUSON 548.69
APA25001630 FRONTIER CALIFORNIA - INTERNET 867.99
APA25001631 FRONTIER CALIFORNIA, INC. 1,063.52
APA25001632 GEI CONSULTANTS INC 5,687.50
APA25001633 GOLDSTAR ASPHALT PRODUCTS 245.23
APA25001634 GREAT AMERICA FINANCIAL SERVICES 1,702.72
APA25001635 GRIFFITH COMPANY 227,718.05
APA25001636 HAZZARD BACKFLOW, INC. 195.00
APA25001637 HELIX ENVIRONMENTAL PLANNING INC. 5,155.00
APA25001638 HEMET FENCE CORP 2,400.00
APA25001639 HUNSAKER & ASSOCIATES IRVINE, INC. 6,885.00 APA25001640 IMAGEN, INC. 446.03
APA25001642 LIUNA LOCAL 777 744.00
APA25001643 MINUTEMAN PRESS 4,105.31
APA25001644 MOSQUEDA, ELIZABETH 27,372.56
APA25001645 MOTOPORT USA 420.49
APA25001646 NPG, INC. 13,751.50
APA25001647 O'REILLY AUTO STORES INC/FIRST CALL 1,340.37 APA25001648 PRESS-ENTERPRISE, THE 270.30
APA25001649 PUBLIC SAFETY ENTERPRISE COMMUNICATION 761.94 APA25001650 PUBLIC SAFETY ENTERPRISE COMMUNICATION 761.94 Attachment 2 1 OF 3
FEB 24, 2025 TO MAR 02, 2025 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA25001651 PVP COMMUNICATIONS, INC. 224.01
APA25001652 R&R BUSINESS SOLUTIONS 447.12
APA25001653 RELIABLE RENTALS, INC 2,840.00
APA25001654 RICHMOND AMERICAN HOMES 7,160.00
APA25001655 RIVERSIDE COUNTY TRANSPORTATION & LAND MANAGEMENT 57,291.17 APA25001656 RP LANDSCAPE & IRRIGATION 37,053.00
APA25001657 RSG, INC. 33.75
APA25001658 SCOTT FAZEKAS & ASSOCIATES, INC. 21,678.20
APA25001659 SESAC, INC. 1,982.00
APA25001660 SHRED-IT USA, LLC 84.00
APA25001661 SO CAL SANDBAGS,INC. 978.03
APA25001662 SOUTHERN CALIFORNIA EDISON CO. 24,026.44
APA25001663 STALKER RADAR 1,004.46
APA25001664 STAUFFER LAWN EQUIPMENT 877.84
APA25001665 STC TRAFFIC, INC. 540.00
APA25001666 STORYLAND STUDIOS DBA PLAINJOE STUDIOS 7,875.00 APA25001667 T-MOBILE USA, INC. 250.00
APA25001668 TRANSTECH ENGINEERS, INC. 1,110.00
APA25001669 TRB AND ASSOCIATES, INC. 1,548.85
APA25001670 VERIZON WIRELESS - VSAT 150.00
APA25001671 VULCAN MATERIALS COMPANY 525.82
8636 AK SECURITY ALARM LLC 6,675.00
8637 AMAZON BUSINESS 3,399.85
8638 AMERICAN EXPRESS 7,642.88
8640 AMERICAN MATERIAL COMPANY 1,830.07
8641 CIVICA LAW GROUP, APC 17,476.42
8642 CM WASH EQUIPMENT 3,395.10
8643 ENDRESEN DEVELOPMENT, INC. 9,700.66
8644 ENDRESEN DEVELOPMENT, INC. 576.00
8645 ENDRESEN DEVELOPMENT, INC. 576.00
8647 ENDRESEN DEVELOPMENT, INC. 4,769.25
8648 ENDRESEN DEVELOPMENT, INC. 8,352.00
8649 ENDRESEN DEVELOPMENT, INC. 9,738.16
8651 ENDRESEN DEVELOPMENT, INC. 16,977.51
8652 KPA SERVICES, LLC 1,614.83
8653 LAKE ELSINORE TIRE & AUTO, INC. 2,107.29
8654 LAKE ELSINORE VALLEY CHAMBER OF COMMERCE 13,500.00 8655 MICHAEL BAKER INTERNATIONAL, INC. 13,465.91
8656 PRUDENTIAL OVERALL SUPPLY 473.17
8657 RIVERSIDE COUNTY SHERIFF'S, ACCOUNTING & FINANCE 7,525.18 8658 RIVERSIDE COUNTY SHERIFF'S, ACCOUNTING & FINANCE 1,263,588.74 8659 SECURITAS SECURITY SERVICES USA, INC. 3,241.92
Attachment 2 2 OF 3
FEB 24, 2025 TO MAR 02, 2025 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
8660 SECURITAS SECURITY SERVICES USA, INC. 3,241.92
8661 SERVICE FIRST 984.50
8662 YUNEX, LLC 5,190.00
143725 CALIFORNIA JPIA 25.00
143726 CALIFORNIA JPIA 10.00
143727 EVMWD 14,572.76
143730 IN & OUT VEHICLE REGISTRATION SERVICE 184.00
143731 MURRIETA-TEMECULA GROUP 750.00
143732 PETTY CASH - CITY OF LAKE ELSINORE 764.10
DFT250469 FRONTIER CALIFORNIA - INTERNET 712.44
DFT250471 FRONTIER CALIFORNIA - INTERNET 493.76
DFT250486 FRONTIER CALIFORNIA - INTERNET 475.98
DFT250489 INTERNAL REVENUE SERVICE 135,022.16
DFT250490 PAYCHEX OF NEW YORK, LLC 1,850.60
DFT250491 MISSION SQUARE RETIREMENT 8,937.57
DFT250492 MISSION SQUARE RETIREMENT 385.77
DFT250493 NATIONWIDE TRUST COMPANY, FSB 1,198.54
DFT250494 FRANCHISE TAX BOARD 27,396.57
DFT250495 STATE DISBURSEMENT UNIT 392.30
DFT250496 STATE DISBURSEMENT UNIT 134.30
DFT250497 FRANCHISE TAX BOARD 1,277.15
DFT250498 INTERNAL REVENUE SERVICE 198.50
DFT250499 TASC 13,117.10
DFT250500 LEGAL SHIELD 108.65
DFT250501 COLONIAL LIFE 1,374.38
DFT250507 CHARTER COMMUNICATIONS 39.99
DFT250508 CHARTER COMMUNICATIONS 1,399.00
DFT250513 CALPERS 79,499.62
DFT250514 CALPERS 249.92
DFT250518 DECOR IQ, LLC (77,655.00)
DFT250519 SUNPOWER CORP (129.76)
DFT250523 CALIFORNIA DEPARTMENT OF FISH AND WILDLIFE 15.00 PR02272025 NET PAYROLL 356,625.27
GRAND TOTAL 2,582,091.82 $
Attachment 2 3 OF 3
6)
CC Warrant Report Dated March 03, 2025 to March 09, 2025 Receive and File.

Page 1 of 1 ends

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

Attachments
Attachment 1 – City Warrant Summary
Attachment 2 – City Warrant List
Administrative Services
MAR 03, 2025 TO MAR 09, 2025 CITY OF LAKE ELSINORECITY WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL 435,868.87 $
103 THE ANCHOR 56,369.06
110 GAS TAX 16,529.93
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 35,282.03 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 5,159.54 150 COMMUNITY DEVELOPMENT BLOCK GRANT 3,140.85
180 LAUNCH POINTE 93,553.56
300 INSURANCE SERVICE 3,745.00
305 INFORMATION SYSTEMS SERVICE 26,014.49
310 SUPPORT SERVICE 2,490.42
315 FLEET SERVICE 12,446.44
320 FACILITIES SERVICE 9,773.55
500 CAPITAL IMPROVEMENT PLAN 870,149.95
620 COST RECOVERY TRUST DEPOSITS 84,403.75
631 DESTRATIFICATION EQUIPMENT REPLACEMENT 949.44
GRAND TOTAL 1,655,876.88 $
Attachment 1 1 of 1
MAR 03, 2025 TO MAR 09, 2025 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA25001672 ACTION GAS & WELDING SUPPLY 47.93 $
APA25001673 ALL AMERICAN ASPHALT 702,206.91
APA25001674 AMBER AIR CONDITIONING, INC. 15,500.00
APA25001675 AZTECA CLEANING SERVICES LLC 10,042.08
APA25001676 BLUEBEAM, INC. 2,340.00
APA25001677 CALIFORNIA BUILDING OFFICIALS 340.00
APA25001678 CALIFORNIA STATE FIRE PROTECTION 14,000.00
APA25001679 CALIFORNIA TRAFFIC CONTROL SERVICES, INC 39,040.00 APA25001680 CDW GOVERNMENT, INC. 42,968.74
APA25001681 CED LAGUNA 3,039.11
APA25001682 CENTURY LINK 40.59
APA25001683 CHARTER COMMUNICATIONS 55.27
APA25001684 CODE PUBLISHING COMPANY 392.00
APA25001685 COTTER CONSTRUCTION, INC. 5,400.00
APA25001686 COUNTY OF RIVERSIDE DEPT. OF ENVIRONMENTAL HEALTH 884.00 APA25001687 CREATIVE INDUSTRIES MEDIA GROUP 2,899.00
APA25001688 EXCEL LANDSCAPE, INC. 27,942.71
APA25001689 FERGUSON 107.67
APA25001690 FRONTIER CALIFORNIA - INTERNET 145.35
APA25001691 FRONTIER CALIFORNIA, INC. 306.50
APA25001692 HANCOCK, LORENA 4,737.19
APA25001693 HEFINGTON MARTIAL ARTS 843.76
APA25001694 HELIX ENVIRONMENTAL PLANNING INC. 6,408.75
APA25001695 HEMET FENCE CORP 10,900.00
APA25001696 HUNSAKER & ASSOCIATES IRVINE, INC. 9,930.00 APA25001697 IMPERIAL CATFISH 5,000.00
APA25001698 INNOVATIVE DOCUMENT SOLUTIONS 2,490.42
APA25001699 INTERSTATE STRIPING, INC. 51,046.75
APA25001700 JD PROMOTIONS 3,984.44
APA25001701 JIMNI SYSTEMS, INC. 1,015.00
APA25001702 KELLEN'S BAIT 105.00
APA25001703 LEAGUE OF CALIFORNIA CITIES 23,943.00
APA25001704 LIFTOFF, LLC 2,205.60
APA25001705 PCB PIEZOTRONICS, INC 570.00
APA25001706 PINO, KAREN 415.00
APA25001707 PUBLIC SAFETY ENTERPRISE COMMUNICATION 1,269.90 APA25001708 RELIABLE RENTALS, INC 2,840.00
APA25001709 RIVERSIDE ASSESSOR-COUNTY CLERK-RECORDER 20.00 APA25001710 RIVERSIDE ASSESSOR-COUNTY CLERK-RECORDER 20.00 APA25001711 RIVERSIDE ASSESSOR-COUNTY CLERK-RECORDER 20.00 APA25001712 RIVERSIDE COUNTY TRANSPORTATION & LAND MANAGEMENT 14,991.96 Attachment 2 1 OF 4
MAR 03, 2025 TO MAR 09, 2025 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA25001713 SHRED-IT USA, LLC 85.60
APA25001714 SO CAL SANDBAGS,INC. 978.03
APA25001715 SOUTHERN CALIFORNIA EDISON CO. 31,823.08
APA25001716 STAUFFER LAWN EQUIPMENT 610.85
APA25001717 STK ARCHITECTURE, INC. 28,910.14
APA25001718 STORYLAND STUDIOS DBA PLAINJOE STUDIOS 30,250.00 APA25001719 THE CENTRE FOR ORGANIZATION EFFECTIVENESS 3,745.00 APA25001720 THE PUN GROUP, LLP 33,045.00
APA25001721 TRAUMA INTERVENTION PROGRAM 10,000.00
APA25001722 TYLER TECHNOLOGIES, INC. 15,226.06
APA25001723 ULINE, INC. 84.40
APA25001724 ULTIMATE SIGNS & GRAPHICS 4,350.00
APA25001725 UTILITY COST MANAGEMENT LLC 20,530.24
APA25001726 VALLEY-WIDE ELITE GYMNASTICS 1,542.00
APA25001727 VENUS PRINTING 516.56
APA25001728 VISTA COMMUNITY CLINIC 3,140.85
APA25001729 VULCAN MATERIALS COMPANY 512.01
APA25001730 WAXIE SANITARY SUPPLY 625.03
8663 BARROZO, ANTHONY 426.70
8664 BASUBAS, EDGARDO 1,671.25
8665 BLOCK, DIANE 1,011.40
8666 BOBO, LAWRENCE 1,011.40
8667 BOONE, ROBERT 1,011.40
8668 BRADY, ROBERT A. 1,111.60
8669 CASTANEDA, FRANCISCO 284.25
8670 CHADD, DANIEL 3,077.83
8671 CHIPMAN, ROBIN 1,671.25
8672 DAVIS, CLAUDIA 1,671.25
8673 DAVIS, RITA 726.50
8674 DOUGLAS, JOSE A. 1,695.04
8675 EAKINS, CATHERINE 670.48
8676 ELKINS, MARIAN C. 426.70
8677 ESPINOZA, GUILLERMO PEREZ 528.16
8678 FAZZIO, JON 528.16
8679 FERGUSON, DAVID 2,369.46
8680 FOSTER, MAUREEN 528.16
8681 GIRON, DIANA 768.52
8682 GOMEZ, GUADALUPE 2,250.95
8683 GONZALES, RAMON 726.50
8684 GORDON, CAROL 178.72
8685 GULBRANSEN, ARLINE 284.25
8686 HANSEN, VI M. 284.25
Attachment 2 2 OF 4
MAR 03, 2025 TO MAR 09, 2025 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
8687 HOFFARTH, GARY 528.16
8688 HOUTZ, WILLIAM 185.08
8689 JECTER, MICHELE 1,011.40
8690 KILROY, PAT 1,011.40
8691 LEON, CHARLES KIM 426.70
8692 LEPPER, LUCIUS 426.70
8693 MACHOTT, RICHARD J. 1,011.40
8694 MAGEE, KIMBERLY 426.70
8695 MCDANIELS, DELORES 426.70
8696 MILLER, CORDIE 726.50
8697 MOLENDYK, RONALD 1,011.40
8698 NORTH, EDWARD L. 528.16
8699 ODONNELL, RAYMOND 426.70
8700 PAYNE, WILLIAM 817.12
8701 PEREZ, SHAR-MARIE 1,695.04
8702 PORCHE, DANA 528.16
8703 PREISENDANZ, ROLFE 1,011.40
8704 RAMIREZ, FRANCES 726.50
8705 REDMEIER, MICHAEL D. 1,011.40
8706 REID, SUSAN 1,011.40
8707 RUSSELL, LAWRENCE 1,011.40
8708 SANTA CRUZ, MARY 1,011.40
8709 SAPP, DAVID 934.26
8710 SOLORZANO, LEONEL 1,574.80
8711 STORAASLI, PEGGY 426.70
8712 TAYLOR, GRANT 726.50
8713 TEYLER, KENNETH 185.08
8714 THOMPSON, RITA 1,671.25
8715 TURK, JILL 426.70
8716 UNSWORTH, NOLA 1,086.55
8717 WAITE, DENNIS 1,671.25
8718 WATENPAUGH, RICHARD 1,011.40
8719 WILKIE, RAE 185.08
8720 YATES, GRANT 2,369.46
8721 ALVAREZ ENTERPRISE SERVICES 11,180.51
8722 AMAZON BUSINESS 4,347.27
8723 ARELLANO ASSOCIATES 2,961.78
8724 ARELLANO ASSOCIATES 10,574.19
8725 ARELLANO ASSOCIATES 5,720.49
8726 CALIFORNIA DEPARTMENT OF TRANSPORTATION 276.61
8727 CM WASH EQUIPMENT 2,297.81
8728 COMMERCIAL DOOR COMPANY, INC. 6,868.00
Attachment 2 3 OF 4
MAR 03, 2025 TO MAR 09, 2025 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
8729 DECOR IQ, LLC 77,655.00
8730 DELONE, MARIA JAZMINE 1,222.50
8731 DOWNS ENERGY 9,492.90
8732 ENDRESEN DEVELOPMENT, INC. 9,618.16
8733 ENDRESEN DEVELOPMENT, INC. 7,113.72
8734 ENGINEERING RESOURCES OF SO CA 5,720.25
8735 GENERAL UPHOLSTERY 7,750.00
8736 GOTO TECHNOLOGIES USA, INC. 3,510.66
8737 PRUDENTIAL OVERALL SUPPLY 477.37
8738 READYREFRESH 752.15
8739 REGIONAL CONSERVATION AUTHORITY 147,386.15
8740 REGIONAL FIRST AID, INC. 273.85
8741 RENTERIA, YARABITH BUENFIL 1,062.00
8742 SMER RESEARCH 1, LLC 8,544.91
8743 SOCIAL WORK ACTION GROUP 53,692.70
8744 SOUTHWEST ICE MACHINES 297.23
8745 STAPLES ADVANTAGE 1,064.97
8746 THOMSON REUTERS - WEST PUBLISHING CORP. 538.68
143734 AMERICAN MEDICAL RESPONSE, AMR 4,602.50
143735 EVMWD 20,141.81
DFT250526 DISH 149.20
GRAND TOTAL 1,655,876.88 $
Attachment 2 4 OF 4
7)
CC Warrant Report Dated March 10, 2025 to March 16, 2025 Receive and File.

Page 1 of 1 ends

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

Attachments
Attachment 1 – City Warrant Summary
Attachment 2 – City Warrant List
Administrative Services
MAR 10, 2025 TO MAR 16, 2025 CITY OF LAKE ELSINORECITY WARRANT SUMMARY FUND NO. FUND DESCRIPTION TOTAL
100 GENERAL 1,866,611.40 $
103 THE ANCHOR 36,808.58
110 GAS TAX 2,011.23
130 LIGHTING, LANDSCAPE, MAINTENANCE DIST - CITYWIDE 33,966.55 135 LIGHTING, LANDSCAPE, MAINTENANCE DIST - NO. 1 23,132.11 150 COMMUNITY DEVELOPMENT BLOCK GRANT 6,235.35
180 LAUNCH POINTE 81,975.75
300 INSURANCE SERVICE (12,963.52)
305 INFORMATION SYSTEMS SERVICE 50,999.93
310 SUPPORT SERVICE 5,579.45
315 FLEET SERVICE 24,004.88
320 FACILITIES SERVICE 25,624.84
330 CFD 2015-2S MAINTENANCE SERVICES 320.97
500 CAPITAL IMPROVEMENT PLAN 471,743.80
620 COST RECOVERY TRUST DEPOSITS 6,713.25
653 CFD 2009-1S PARK,OPEN SPACE,STREET LIGHT SERVICES 1,680.93 GRAND TOTAL 2,624,445.50 $
Attachment 1 1 of 1
MAR 10, 2025 TO MAR 16, 2025 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA25001731 ACTION GAS & WELDING SUPPLY 101.97 $
APA25001732 ADVANCED HEATING AND AIR CONDITIONING 38,900.00 APA25001733 AMBER AIR CONDITIONING, INC. 17,274.93
APA25001734 AMERICAN LADY VETS, INC 16,285.80
APA25001735 ANIMAL FRIENDS OF THE VALLEY 22,063.12
APA25001736 ARC DOCUMENT SOLUTIONS, LLC 158.01
APA25001737 AZTECA CLEANING SERVICES LLC 9,742.08
APA25001738 BIO-TOX LABORATORIES 2,755.16
APA25001739 BOYS & GIRLS CLUB 6,235.35
APA25001740 CALIFORNIA, DEPARTMENT OF JUSTICE 49.00
APA25001741 CALIFORNIA, STATE BOARD OF EQUALIZATION 6,565.38 APA25001742 CDW GOVERNMENT, INC. 679.10
APA25001743 CED LAGUNA 119.18
APA25001744 CHARLES ABBOTT ASSOCIATES, INC. 6,767.70
APA25001745 CHARTER COMMUNICATIONS 714.77
APA25001746 CONCENTRA 138.00
APA25001747 CORNWELL TOOLS 445.82
APA25001748 CORODATA RECORDS MANAGEMENT, INC. 153.54
APA25001749 COTTER CONSTRUCTION, INC. 29,600.00
APA25001750 CR&R, INC. 1,525.78
APA25001751 CR&R, INC. 4,671.97
APA25001752 CRIME SCENE STERI-CLEAN, LLC 900.00
APA25001753 DAVID TURCH & ASSOCIATES 3,500.00
APA25001754 DIAMOND VALLEY TOWING & RECOVERY 520.00
APA25001755 DIRECTV 157.99
APA25001756 DISCOUNT HAULING & CLEANUP SERVICE 14,490.00 APA25001757 DOUGLAS HINER UMPIRING SERVICES 294.00
APA25001758 DUSTIN THOMPSON PHOTOGRAPHY 2,216.00
APA25001759 ENVIROMINE, INC. 6,681.25
APA25001760 ENVIRONMENTAL SCIENCE ASSOCIATES 19,982.45
APA25001761 FCG CONSULTANTS, INC. 2,992.80
APA25001762 FRONTIER CALIFORNIA - INTERNET 965.34
APA25001763 FRONTIER CALIFORNIA, INC. 76.63
APA25001764 FRONTIER CALIFORNIA, INC. 138.98
APA25001765 GAME TIME 2,608.79
APA25001766 GOLDSTAR ASPHALT PRODUCTS 143.55
APA25001767 GREAT AMERICA FINANCIAL SERVICES 600.30
APA25001768 INNOVATIVE DOCUMENT SOLUTIONS 2,025.36
APA25001769 INTERSTATE STRIPING, INC. 39,599.30
APA25001770 KEYSER MARSTON ASSOCIATES, INC. 2,380.00
APA25001772 LIUNA LOCAL 777 744.00
Attachment 2 1 OF 3
MAR 10, 2025 TO MAR 16, 2025 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
APA25001773 MANERI DIRECT 6,152.84
APA25001774 NPG, INC. 130,277.42
APA25001775 O'REILLY AUTO STORES INC/FIRST CALL 3,395.51 APA25001776 PLUMBERS DEPOT, INC. 3,264.44
APA25001777 PUBLIC SAFETY ENTERPRISE COMMUNICATION 761.94 APA25001778 PUBLIC SAFETY ENTERPRISE COMMUNICATION 1,269.90 APA25001779 PUBLIC SAFETY ENTERPRISE COMMUNICATION 761.94 APA25001781 RSG, INC. 1,432.50
APA25001782 SCW CONTRACTING CORPORATION 168,745.18
APA25001783 SMART & FINAL 329.64
APA25001784 SOUTH COAST A.Q.M.D. 707.00
APA25001785 SOUTHERN CALIFORNIA EDISON CO. 77,100.63
APA25001786 STEWART TITLE OF CALIFORNIA 550.00
APA25001787 STK ARCHITECTURE, INC. 13,020.00
APA25001788 THE RADAR SHOP INC. 1,526.00
APA25001789 T-MOBILE USA, INC. 480.00
APA25001790 TRI-STAR ELECTRIC 990.00
APA25001791 VERIZON WIRELESS (#1) 7,019.02
APA25001792 VERIZON WIRELESS (#2) 4,082.22
APA25001793 VULCAN MATERIALS COMPANY 1,140.91
APA25001794 WAXIE SANITARY SUPPLY 2,167.81
APA25001795 WEST COAST SERVICES 1,325.00
APA25001796 WILLSCOT MOBILE MINI 1,319.55
8747 AK SECURITY ALARM LLC 13,675.02
8748 AMAZON BUSINESS 3,209.13
8749 AMERICAN MATERIAL COMPANY 813.57
8750 AREA 63 PRODUCTIONS 11,625.00
8751 BMW MOTORCYCLES OF RIVERSIDE 2,592.61
8752 BRINKS INCORPORATED 18.69
8753 BRINKS INCORPORATED 945.96
8754 DOWNS ENERGY 55.33
8755 ENDRESEN DEVELOPMENT, INC. 947.22
8756 ENDRESEN DEVELOPMENT, INC. 947.22
8757 ENDRESEN DEVELOPMENT, INC. 18,873.22
8758 GMS ELEVATOR SERVICES, INC. 360.00
8759 MAGEE, KIMBERLY 426.70
8760 MICHAEL BAKER INTERNATIONAL, INC. 17,292.80
8761 MURPHY & EVERTZ LLP 5,702.75
8762 MURPHY & EVERTZ LLP 7,493.50
8764 PROSTAFF, LLC 18,987.50
8765 PRUDENTIAL OVERALL SUPPLY 477.37
8766 QUADIENT FINANCE USA, INC. 1,999.74
Attachment 2 2 OF 3
MAR 10, 2025 TO MAR 16, 2025 CITY OF LAKE ELSINORE CITY WARRANT LIST WARRANT NO. VENDOR NAME AMOUNT
8767 QUADIENT LEASING USA, INC. 954.05
8768 REGIONAL FIRST AID, INC. 863.46
8769 RIVERSIDE COUNTY FIRE DEPARTMENT 1,169,607.29
8770 SECURITAS SECURITY SERVICES USA, INC. 3,241.92
8771 SECURITAS SECURITY SERVICES USA, INC. 3,241.92
8772 SERVICE FIRST 5,357.55
8773 SOUTHERN CALIFORNIA GAS CO. 126.49
8774 SOUTHERN CALIFORNIA GAS CO. 33.48
8775 SOUTHERN CALIFORNIA GAS CO. 956.95
8776 SOUTHERN CALIFORNIA GAS CO. 190.49
8777 SOUTHERN CALIFORNIA GAS CO. 18.09
8778 SOUTHERN CALIFORNIA GAS CO. 162.81
8779 SOUTHERN CALIFORNIA GAS CO. 154.75
8780 SOUTHERN CALIFORNIA GAS CO. 130.79
8781 SOUTHERN CALIFORNIA GAS CO. 93.03
8782 SOUTHERN CALIFORNIA GAS CO. 369.38
8783 SOUTHERN CALIFORNIA GAS CO. 91.06
8784 SOUTHERN CALIFORNIA GAS CO. 233.55
8785 WKE, INC. 28,741.39
8786 YUNEX, LLC 1,568.00
143739 DIAZ, FRANCISCO 1,054.00
143740 EVMWD 7,556.76
DFT250535 PAYCHEX OF NEW YORK, LLC 550.00
DFT250536 PAYCHEX OF NEW YORK, LLC 1,746.76
DFT250537 TASC 13,117.10
DFT250538 MISSION SQUARE RETIREMENT 8,738.46
DFT250539 NATIONWIDE TRUST COMPANY, FSB 1,117.74
DFT250540 MISSION SQUARE RETIREMENT 385.77
DFT250541 FRANCHISE TAX BOARD 1,277.15
DFT250542 STATE DISBURSEMENT UNIT 392.30
DFT250543 STATE DISBURSEMENT UNIT 134.30
DFT250544 INTERNAL REVENUE SERVICE 198.50
DFT250545 INTERNAL REVENUE SERVICE 125,497.25
DFT250546 FRANCHISE TAX BOARD 25,787.53
DFT250547 CALPERS 79,467.59
DFT250548 LOWE'S 8,079.13
PR03132025 NET PAYROLL 332,982.53
GRAND TOTAL 2,624,445.50 $
Attachment 2 3 OF 3
8)
CC Investment Report for February 2025
Receive and file the Investment Report for February 2025.

Page 1 of 1 ends

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

Page 1 ends

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.

Page 2 ends

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.

Page 3 ends

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.

Page 4 ends

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.

Page 5 ends

Managed Account Detail of Securities Held

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 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.

Page 6 ends

Managed Account Detail of Securities Held

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

Page 7 ends

Managed Account Detail of Securities Held

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.

Page 8 ends

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.

Page 9 ends

Managed Account Detail of Securities Held

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.

Page 10 ends

Managed Account Detail of Securities Held

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.

Page 11 ends

Managed Account Detail of Securities Held

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.

Page 12 ends

Managed Account Detail of Securities Held

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.

Page 13 ends

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.

Page 14 ends

Managed Account Detail of Securities Held

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.

Page 15 ends

Managed Account Fair Market Value & Analytics

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 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 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

4.07 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.

Page 16 ends

Managed Account Fair Market Value & Analytics

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
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

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.

Page 17 ends

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.

Page 18 ends

Managed Account Fair Market Value & Analytics

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.

Page 19 ends

Managed Account Fair Market Value & Analytics

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.

Page 20 ends

Managed Account Fair Market Value & Analytics

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

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

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.

Page 21 ends

Managed Account Fair Market Value & Analytics

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.

Page 22 ends

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.

Page 23 ends

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.

Page 24 ends

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
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.

Page 25 ends

Managed Account Security Transactions & Interest

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
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.

Page 26 ends

Managed Account Security Transactions & Interest

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
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.

Page 27 ends

Managed Account Security Transactions & Interest

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 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
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.

Page 28 ends

Managed Account Security Transactions & Interest

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

0.00 334.68
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.

Page 29 ends

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.

Page 30 ends

Account Statement

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.

Page 31 ends

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
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.

Page 32 ends

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
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.

Page 33 ends

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 1,830.91
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.

Page 34 ends

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.

Page 35 ends

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%

0.4%

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%

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

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%

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

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

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

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

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

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

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

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

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

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 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

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
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

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

3.30 3136BQDE6
3137BGK24
3137HBC69
65480BAC1
65480JAC4
89190GAC1
44935FAD6
14314QAC8
14318MAD1
362554AC1
36265QAD8
43815GAC3
3137BTUM1
3137HBC69
3137BGK24
3137HAD45
3136BQDE6
FNA 2023-M6 A2
FHMS K043 A2

4.18%

3.06%

4.85%

0.33%

4.46%

0.26%

0.74%

0.52%

3.97%

0.68%

4.82%

0.88%

3.34%

4.85%

3.06%

4.77%

4.18%
7/1/2028 3.32 0.06
24,731.14
1,008.33
10,475.04
7,910.56
10,310.56
3,492.34
3,464.83
10,251.11
3,458.65
17,265.03
3,893.83
728.99
12/1/2024
5/1/2028
24,731.14
1,008.33
10,475.04
7,910.56
10,310.56
3,492.34
3,464.82
10,251.11
3,458.65
17,265.03
3,893.83
728.99
-60.17

0.01 0.04

0.91 0.28

0.28 0.20

0.13 0.04

1.66 0.24

13.24 FHMS KJ48 A1
NAROT 2021-A A3
NAROT 2022-B A3
TAOT 2021-B A3
HART 2021-C A3
CARMX 2021-2 A3
CARMX 2022-3 A3
GMCAR 2021-4 A3
GMCAR 2022-4 A3
HAROT 2021-4 A3
FHMS K061 A2
10/15/2025
5/17/2027
11/17/2025
5/15/2026
2/17/2026
4/15/2027
9/16/2026
8/16/2027
1/21/2026
11/1/2026
5/1/2028819.52 FHMS KJ48 A1 819.52
109,623.12
283.33
FHMS K043 A2 12/1/2024
6/1/2028
109,623.12
283.33
-171.47

0.01FHMS KJ46 A1

2.98 FNA 2023-M6 A2 7/1/2028 2.98 0.04
34PFM Asset Management | pfmam.com

PAYDOWNS
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/16/2024
11/16/2024
11/21/2024
12/1/2024
12/1/2024
12/1/2024
12/1/2024
12/1/2024
12/1/2024
12/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/15/2024
11/16/2024
11/16/2024
11/21/2024
12/25/2024
12/25/2024
12/25/2024
12/25/2024
12/25/2024
12/25/2024
12/15/2024
9,174.08 89190GAC1
14318MAD1
14314QAC8
65480BAC1
41285JAD0
65480JAC4
44935FAD6
36265QAD8
362554AC1
43815GAC3
3137BNGT5
3137HBC69
3137BGK24
3136BQDE6
3137HAD45
3137BTUM1
14318MAD1
TAOT 2021-B A3
CARMX 2022-3 A3
CARMX 2021-2 A3
NAROT 2021-A A3
HDMOT 2023-A A3
NAROT 2022-B A3
HART 2021-C A3
GMCAR 2022-4 A3
GMCAR 2021-4 A3
HAROT 2021-4 A3
FHMS K054 A2

0.26%

3.97%

0.52%

0.33%

5.05%

4.46%

0.74%

4.82%

0.68%

0.88%

2.74%

4.85%

3.06%

4.18%

4.77%

3.34%

3.97%
11/17/2025
4/15/2027
2/17/2026
10/15/2025
12/15/2027
5/17/2027
5/15/2026
8/16/2027
9/16/2026
1/21/2026
1/1/2026
9,174.08
10,827.85
3,544.82
10,358.78
1,971.62
7,956.25
3,567.02
17,205.28
3,326.96
3,897.62
6,721.15
1,164.48
88,682.61

3.36 0.22
10,827.85
3,544.82
10,358.79
1,971.62
7,956.25
3,567.02
17,205.28
3,326.96
3,897.62
6,721.15
1,164.48
88,682.61

3.36 0.13

0.20 0.03

0.13 0.89

0.27 1.60

0.03 0.23
115.10

0.01FHMS KJ48 A1 5/1/2028
FHMS K043 A2 12/1/2024
7/1/2028
-61.65

0.04FNA 2023-M6 A2
FHMS KJ46 A1361.19 6/1/2028 361.19 0.01
775.90 FHMS K061 A2 11/1/2026
4/15/2027
775.90 13.52

0.1210,123.58 CARMX 2022-3 A3 10,123.58
35PFM Asset Management | pfmam.com

PAYDOWNS
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/16/2024
12/16/2024
12/21/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/15/2024
12/16/2024
12/16/2024
12/21/2024
3,394.35 44935FAD6
891940AC2
65480BAC1
41285JAD0
65480JAC4
362554AC1
36265QAD8
43815GAC3
HART 2021-C A3
TAOT 2023-A A3
NAROT 2021-A A3
HDMOT 2023-A A3
NAROT 2022-B A3
GMCAR 2021-4 A3
GMCAR 2022-4 A3
HAROT 2021-4 A3

0.74%

4.63%

0.33%

5.05%

4.46%

0.68%

4.82%

0.88%
5/15/2026
9/15/2027
10/15/2025
12/15/2027
5/17/2027
9/16/2026
8/16/2027
1/21/2026
3,394.35
11,634.00
1,149.67
9,478.88
7,309.53
3,092.14
16,306.41
3,678.11
444,539.51

0.24 11,634.00
1,149.68
9,478.88
7,309.53
3,092.14
16,306.41
3,678.11
444,539.52

0.01 0.60

0.79 0.03

1.47 0.21
Total PAYDOWNS
SELL
-125.69
10/1/2024
10/31/2024
12/3/2024
Total SELL
10/7/2024 1,800,000.00
1,025,000.00
2,150,000.00
4,975,000.00
912828U24
912828U24
912828U24

US TREASURY N/B

2.00%

2.00%
11/15/2026
11/15/2026
11/15/2026
1,756,950.41
992,731.99
2,946.89
-8,983.42
-19,809.37
-25,845.90
11/5/2024
12/6/2024 2,066,410.50
4,816,092.90
36PFM Asset Management | pfmam.com

Portfolio Holdings
37PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Portfolio Holdings
Managed Account Detail of Securities Held
Security Type/Description
Dated Date/Coupon/Maturity
S&P
Rating
Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
ValueCUSIP Par Rating Date
U.S. Treasury

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
91282CCH2
50,000.00
1,625,000.00
1,200,000.00
825,000.00
375,000.00
600,000.00
400,000.00
1,200,000.00
1,175,000.00
1,350,000.00
600,000.00
2,450,000.00
400,000.00
225,000.00
1,300,000.00
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
4/1/2021 4/5/2021 49,031.25 0.71
1,526,230.47 3.72
1,155,421.88 3.70
786,779.30 3.97
362,329.10 3.62
565,640.63 4.30
373,265.62 4.44
1,184,109.38 4.24
1,170,501.95 3.98
1,335,287.11 4.30
602,507.81 3.89
2,383,390.63 4.79
393,640.63 4.45
198,641.60 4.49
1,173,960.94 3.96

0.35 49,887.28
1,576,745.64
1,175,535.34
801,275.94
367,297.60
578,227.50
384,355.07
1,188,398.54
1,171,644.61
1,338,330.81
601,950.14
2,394,033.93
394,850.03
201,659.59
1,186,144.57
49,043.45
1,559,493.00
1,160,016.00
794,449.42
361,113.37
577,781.40
385,187.60
1,186,312.80
1,161,597.95
1,337,554.35
594,468.60
2,427,413.45
396,312.40
202,702.05
1,171,167.40

US TREASURY N/B
DTD 11/15/2016 2.000% 11/15/2026
1/13/2023 1/17/2023
1/31/2023 2/3/2023
4,219.61
5,651.93
9,494.23
4,315.56
6,904.89
4,603.26
4,087.91
4,002.75
18,348.07
8,154.70
33,298.34
5,436.46

7.77 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
6/2/2023
5/1/2023
7/3/2023
3/2/2023
6/6/2023
5/5/2023
7/7/2023
3/6/2023

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
12/1/2023 12/5/2023

US TREASURY N/B
DTD 11/30/2022 3.875% 11/30/2027
1/2/2024
3/1/2024
2/2/2024
5/1/2024
4/3/2024
7/1/2024
8/1/2024
1/5/2024
3/6/2024
2/6/2024
5/6/2024
4/5/2024
7/3/2024
8/5/2024

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 44.89
DTD 06/30/2021 1.250% 06/30/2028
38PFM Asset Management | pfmam.com

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
91282CCH2
91282CCH2
91282CCH2
91282CJR3
91282CJR3
1,275,000.00
2,900,000.00
2,400,000.00
2,600,000.00
1,200,000.00
24,150,000.00
AA+
AA+
AA+
AA+
AA+
Aaa
Aaa
Aaa
Aaa
9/4/2024 9/6/2024 1,169,364.26 3.59
2,565,253.91 4.39
2,211,468.75 3.51
2,565,773.44 4.10
1,182,093.75 4.14
22,954,692.41 4.08

44.03 1,177,606.75
2,607,663.86
2,222,527.87
2,566,319.21
1,182,708.18
23,167,162.46
1,148,644.95
2,612,604.20
2,162,155.20
2,541,297.20
1,172,906.40
23,002,221.19

US TREASURY N/B
DTD 06/30/2021 1.250% 06/30/2028
6/6/2024 6/11/2024
10/1/2024 10/7/2024
12/3/2024 12/6/2024
100.14

82.87US 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
269.34

US TREASURY N/B
DTD 01/02/2024 3.750% 12/31/2028
Aaa 10/31/2024 11/5/2024 124.31
Security Type Sub-Total
Negotiable CD
109,191.41

TORONTO DOMINION BANK NY
DTD 10/31/2022 5.600% 10/27/2025
89115B6K1
65558UYF3
450,000.00
450,000.00
900,000.00
A- A2 10/27/2022 10/31/2022
11/2/2022 11/3/2022
450,000.00 5.60
450,000.00 5.53
900,000.00 5.57
4,760.00
4,009.25
8,769.25
450,000.00
450,000.00
900,000.00
455,252.85
455,080.05
910,332.90

NORDEA BANK ABP NEW YORK
DTD 11/03/2022 5.530% 11/03/2025
A-1+ P-1
Security Type Sub-Total
Municipal
NY ST URBAN DEV-F-1
DTD 12/23/2020 0.870% 03/15/2025
650036DT0
91412HGE7
325,000.00
85,000.00
NR
AA
NR 12/16/2020 12/23/2020
7/10/2020 7/16/2020
325,000.00 0.87
85,000.00 0.88
832.54

95.90 325,000.00
85,000.00
322,601.83
83,899.25UNIV OF CALIFORNIA-BG
(CALLABLE)
Aa2
DTD 07/16/2020 0.883% 05/15/2025

FLORIDA ST BRD OF ADM
DTD 09/16/2020 1.258% 07/01/2025
341271AD6
341271AD6
341271AD6
65,000.00
85,000.00
160,000.00
AA
AA
AA
Aa2
Aa2
Aa2
9/3/2020 9/16/2020
9/3/2020 9/16/2020
9/3/2020 9/16/2020
65,459.55 1.11
85,563.55 1.12
160,000.00 1.26
408.85
534.65
65,047.95
85,058.81
160,000.00
63,915.80
83,582.20
157,331.20

FLORIDA ST BRD OF ADM
DTD 09/16/2020 1.258% 07/01/2025
FLORIDA ST BRD OF ADM 1,006.40
DTD 09/16/2020 1.258% 07/01/2025
39PFM Asset Management | pfmam.com

MINNESOTA ST-F-UNREF
DTD 08/25/2020 0.630% 08/01/2025
60412AK85
798306WP7
13077DQD7
13063D3N6
100,000.00
130,000.00
85,000.00
AAA
NR
Aaa 5/7/2024 5/7/2024 100,000.00 0.63
130,000.00 0.85
85,000.00 0.86
200,000.00 4.85
1,236,023.10 1.59
262.50 100,000.00
130,000.00
85,000.00
97,944.80
127,290.02
82,612.35

SAN JUAN CA UNIF SCH
DTD 10/29/2020 0.852% 08/01/2025
Aa2 10/16/2020 10/29/2020 461.50
122.12CALIFORNIA ST UNIV-B
DTD 07/29/2021 0.862% 11/01/2025
AA-
AA-
Aa2
Aa2
7/9/2021 7/29/2021
3/9/2023 3/15/2023CA ST 200,000.00
1,235,000.00
3,230.67
6,955.13
200,000.00
1,235,106.76
201,721.20
1,220,898.65
DTD 03/15/2023 4.846% 03/01/2027
Security Type Sub-Total
Joint Powers Authority
CAMP Pool 269,919.92 AAAm NR 269,919.92 0.00 269,919.92 269,919.92 269,919.92 269,919.92 0.00 269,919.92 269,919.92Security Type Sub-Total Federal Agency

FREDDIE MAC
DTD 07/23/2020 0.375% 07/21/2025
3137EAEU9
3135G05X7
3130AK5E2
3137EAEX3
3135G06G3
425,000.00
350,000.00
150,000.00
700,000.00
650,000.00
2,275,000.00
AA+
AA+
AA+
AA+
AA+
Aaa
Aaa
Aaa
Aaa
Aaa
7/21/2020 7/23/2020
8/25/2020 8/27/2020
9/10/2020 9/11/2020
9/23/2020 9/25/2020
11/9/2020 11/12/2020
422,883.50 0.48
348,362.00 0.47
149,550.00 0.44
697,893.00 0.44
647,673.00 0.57
2,266,361.50 0.49
708.33
459.38
182.81
714.58
487.50
2,552.60
424,764.57
349,786.82
149,939.01
699,692.97
649,603.31
2,273,786.68
415,822.98
341,236.00
146,082.00
680,755.60
629,693.35
2,213,589.93

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
DTD 11/12/2020 0.500% 11/07/2025
Security Type Sub-Total
Corporate
PACCAR FINANCIAL CORP 69371RQ66 175,000.00 A+ A1 10/22/2020 10/29/2020 182,894.25 0.72 1,268.75 175,179.76 174,512.98 DTD 02/06/2020 1.800% 02/06/2025
40PFM Asset Management | pfmam.com

ROCHE HOLDINGS INC (CALLABLE)
DTD 03/10/2022 2.132% 03/10/2025
771196BT8
437076CM2
90327QD89
17252MAP5
3/3/2022 3/10/2022
3/24/2022 3/28/2022
5/23/2022 5/26/2022
4/26/2022 5/3/2022
2,695.20
142.50HOME DEPOT INC (CALLABLE)
DTD 03/28/2022 2.700% 04/15/2025

USAA CAPITAL CORP AA
A-
Aa1
A3
1,265.63
373.75
DTD 05/26/2022 3.375% 05/01/2025
CINTAS CORPORATION NO. 2
(CALLABLE)
DTD 05/03/2022 3.450% 05/01/2025

GENERAL DYNAMICS CORP
(CALLABLE)
369550BG2 225,000.00 A A2 10/16/2020 10/20/2020 252,247.50 0.80 1,006.25 226,272.12 224,205.53 DTD 05/11/2018 3.500% 05/15/2025
AMAZON.COM INC (CALLABLE)
DTD 06/03/2020 0.800% 06/03/2025
023135BQ8
63254ABD9
63743HFE7
459200KS9
06051GFS3
002824BM1
475,000.00
250,000.00
50,000.00
AA
AA-
A-
A1
Aa2
A2
6/3/2020 6/5/2020 474,767.25 0.81
250,000.00 3.50
49,986.50 3.92
225,000.00 4.00
256,918.50 0.93
257,845.50 0.86
295.56
534.72
474,980.32
250,000.00
49,998.02
468,071.65
248,899.00
49,714.75

NATIONAL AUSTRALIA BK/NY
DTD 06/09/2022 3.500% 06/09/2025
5/31/2022 6/9/2022
4/27/2022 5/4/2022
7/20/2022 7/27/2022
8/18/2020 8/20/2020
9/24/2020 9/28/2020

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

76.67 IBM CORP
DTD 07/27/2022 4.000% 07/27/2025
225,000.00
225,000.00
225,000.00
A- A3 3,850.00
3,632.81
2,567.19
225,000.00
228,763.55
228,174.23
224,093.93
223,898.18
224,006.40

BANK OF AMERICA CORP
DTD 07/30/2015 3.875% 08/01/2025
A- A1

ABBOTT LABORATORIES
(CALLABLE)
AA- Aa3
DTD 03/22/2017 3.875% 09/15/2025

JPMORGAN CHASE & CO
(CALLABLE)
DTD 02/24/2022 2.595% 02/24/2026
46647PCV6
91324PEC2
05565EBW4
175,000.00
225,000.00
175,000.00
A
A+
A
A1
A2
A2
2/16/2022 2/24/2022
5/17/2021 5/19/2021
8/12/2021 8/16/2021
175,000.00 2.60
224,608.50 1.19
174,947.50 1.26
1,602.05
330.63
844.62
175,000.00
224,892.32
174,983.02
174,402.38
215,038.58
165,942.35

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
41PFM Asset Management | pfmam.com

CATERPILLAR FINL SERVICE
DTD 01/10/2022 1.700% 01/08/2027
14913R2U0
87612EBM7
06406RBA4
225,000.00
40,000.00
475,000.00
A
A
A
A2
A2
1/11/2022 1/13/2022
1/19/2022 1/24/2022
1/26/2022 1/28/2022
223,863.75 1.81
39,932.00 1.99
473,945.50 2.10
1,838.13
359.67
224,539.80
39,972.13
474,563.07
212,957.10
38,050.80
452,281.70

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

BANK OF NY MELLON CORP
(CALLABLE)
Aa3 4,192.53
DTD 01/26/2022 2.050% 01/26/2027

MICROSOFT CORP (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
594918BY9 750,000.00
300,000.00
475,000.00
AAA
A-
Aaa
A2
3/14/2023 3/17/2023
1/13/2023 1/18/2023
3/15/2022 3/17/2022
721,942.50 4.36
277,203.00 4.59
466,089.00 2.70
9,968.75
2,486.25
3,216.81
734,858.18
287,987.85
471,064.89
734,279.25
287,235.00
454,964.02
AMERICAN EXPRESS CO (CALLABLE) 025816CS6
DTD 03/04/2022 2.550% 03/04/2027

BERKSHIRE HATHAWAY FIN
(CALLABLE)
084664CZ2 AA Aa2
DTD 03/15/2022 2.300% 03/15/2027

CHARLES SCHWAB CORP
(CALLABLE)
808513BW4 300,000.00 A- A2 2/17/2023 2/22/2023 284,925.00 4.66 2,475.00 291,743.91 291,423.60 DTD 09/24/2021 3.300% 04/01/2027

NATIONAL AUSTRALIA BK/NY
DTD 06/09/2022 3.905% 06/09/2027
63254ABE7
037833DB3
89236TKQ7
637432NP6
500,000.00
775,000.00
375,000.00
350,000.00
AA-
AA+
A+
Aa2
Aaa
A1
1/13/2023 1/18/2023
1/19/2023 1/23/2023
2/8/2023 2/10/2023
2/17/2023 2/22/2023
488,325.00 4.50
741,062.75 3.94
376,282.50 4.55
329,189.00 4.76
1,193.19
6,804.93
8,141.93
4,760.00
493,516.35
755,255.80
375,789.62
336,988.75
492,282.00
745,410.50
374,155.88
336,089.25

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

NATIONAL RURAL UTIL COOP
(CALLABLE)
A- A1
DTD 02/07/2018 3.400% 02/07/2028

TEXAS INSTRUMENTS INC
(CALLABLE)
DTD 11/18/2022 4.600% 02/15/2028
882508BV5
110122DE5
539830BZ1
85,000.00
375,000.00
60,000.00
A+
A
Aa3
A2
5/11/2023 5/18/2023
3/9/2023 3/13/2023
5/23/2023 5/25/2023
87,043.40 4.04
358,263.75 4.93
59,892.00 4.49
1,477.11
5,321.88
341.17
86,333.02
364,366.78
59,926.75
85,152.92
367,075.88
59,565.18

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

LOCKHEED MARTIN CORP
(CALLABLE)
A- A2
DTD 05/25/2023 4.450% 05/15/2028
42PFM Asset Management | pfmam.com

MORGAN STANLEY BANK NA
(CALLABLE)
61690U8E3 525,000.00 A+ Aa3 7/18/2024 7/19/2024 525,525.00 4.94 11,736.90 525,451.55 526,649.55 DTD 07/19/2024 4.968% 07/14/2028

JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
24422EXB0
17325FBB3
009158BH8
375,000.00
750,000.00
340,000.00
A
A+
A
A1
Aa3
A2
7/21/2023 7/25/2023
10/2/2023 10/4/2023
377,865.00 4.78
746,280.00 5.92
339,547.80 4.63
8,610.94
11,122.42
6,212.56
377,038.65
747,109.84
339,621.63
378,622.50
773,343.75
338,434.30

CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028

AIR PRODUCTS & CHEMICALS
(CALLABLE)
2/6/2024 2/8/2024
DTD 02/08/2024 4.600% 02/08/2029

CISCO SYSTEMS INC (CALLABLE)
DTD 02/26/2024 4.850% 02/26/2029
17275RBR2
09290DAA9
420,000.00
50,000.00
AA-
AA-
A1 2/21/2024 2/26/2024
3/5/2024 3/14/2024
419,853.00 4.86
49,909.50 4.74
7,072.92
698.47
419,876.60
49,922.73
422,643.90
50,044.35BLACKROCK FUNDING INC
(CALLABLE)
Aa3
DTD 03/14/2024 4.700% 03/14/2029

BLACKROCK FUNDING INC
(CALLABLE)
09290DAA9 725,000.00 AA- Aa3 3/6/2024 3/14/2024 725,355.25 4.69 10,127.85 725,306.41 725,643.08 DTD 03/14/2024 4.700% 03/14/2029

ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
00724PAF6
00724PAF6
437076DC3
437076DC3
02665WFQ9
170,000.00
205,000.00
250,000.00
125,000.00
400,000.00
12,650,000.00
A+
A+
A
A1
A1
A2
A2
A3
4/2/2024
4/1/2024
4/4/2024
4/4/2024
169,775.60 4.83
204,694.55 4.83
248,627.50 4.88
124,193.75 4.90
399,520.00 4.43
12,587,447.00 3.77
1,972.00
2,378.00
197.92
169,805.87
204,735.49
248,755.07
124,268.36
399,548.27
12,566,496.57
170,903.21
206,089.17
250,529.00
125,264.50
388,906.40
12,482,369.75

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
6/18/2024 6/25/2024
6/17/2024 6/25/2024HOME DEPOT INC (CALLABLE)
DTD 06/25/2024 4.750% 06/25/2029
A 98.96

AMERICAN HONDA FINANCE
DTD 09/05/2024 4.400% 09/05/2029
A- 9/3/2024 9/5/2024 5,671.11
139,548.73Security Type Sub-Total
Agency CMBS
FHMS K054 A2 3137BNGT5 268,278.85 AA+ Aaa 4/11/2023 4/14/2023 257,170.43 4.32 613.69 264,017.48 263,695.84 DTD 04/01/2016 2.745% 01/01/2026
43PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Portfolio Holdings
Security Type/Description
Dated Date/Coupon/Maturity
S&P
Rating
Moody's Trade Settle
Date
Original
Cost
YTM
at Cost
Accrued
Interest
Amortized
Cost
Market
ValueCUSIP Par Rating Date
Agency CMBS
FHMS K058 A2
DTD 11/01/2016 2.653% 08/01/2026
3137BSP72
3137BTUM1
3137BXQY1
3137F1G44
3137HBC69
3137HAD45
3137HACX2
3136BQDE6
3137HAMH6
3137HAQ74
3137HAST4
3137HAMS2
3137HB3G7
3137HB3D4
3137HBLV4
3137HDV56
3137HDJJ0
550,000.00
370,510.82
550,000.00
550,000.00
391,621.52
435,463.89
550,000.00
525,546.98
800,000.00
500,000.00
375,000.00
500,000.00
275,000.00
180,000.00
290,000.00
440,000.00
550,000.00
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
AA+
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
Aaa
4/6/2023 4/12/2023
5/19/2023 5/24/2023
8/16/2023 8/18/2023
6/8/2023 6/13/2023
12/6/2023 12/14/2023
7/19/2023 7/27/2023
7/13/2023 7/20/2023
7/18/2023 7/31/2023
9/7/2023 9/14/2023
526,839.84 3.98
359,106.04 4.29
518,804.69 4.94
527,033.20 4.42
391,618.38 4.86
435,453.04 4.78
555,493.40 4.59
516,637.31 4.58
788,165.60 4.99
489,032.00 5.25
363,043.88 5.60
494,023.50 5.07
274,209.93 4.93
179,479.62 5.14
292,899.71 4.34
442,702.04 4.58
549,998.35 4.80
1,215.96
1,033.42
1,477.67
1,486.38
1,585.41
1,733.51
2,208.71
1,831.17
3,100.00
1,975.00
1,515.63
2,000.00
1,113.75
760.35
538,658.59
364,324.56
530,662.27
536,239.72
391,620.29
435,456.19
553,880.97
519,170.16
790,982.87
491,483.66
365,450.66
495,317.08
274,366.21
179,585.54
292,414.15
442,524.10
550,000.00
533,805.80
361,623.75
534,926.15
533,940.00
393,233.43
434,206.27
551,252.35
515,147.98
798,265.60
499,854.50
376,462.50
500,972.00
275,887.43
181,953.36
287,965.07
439,097.56
550,287.65
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 4.181% 07/01/2028
FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
Aaa 10/11/2023 10/19/2023
Aaa 10/25/2023 10/31/2023FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
Aaa 9/20/2023 9/28/2023
FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
Aaa 11/28/2023 12/7/2023
Aaa 11/14/2023 11/21/2023FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
Aaa
Aaa
Aaa
2/1/2024 2/8/2024 1,104.90
1,730.67
2,201.38
FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
7/16/2024 7/25/2024
6/5/2024 6/13/2024FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
44PFM Asset Management | pfmam.com

3.83 2.75
15,686.40
8,358.96
15,565.24
8,326.00HART 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
17,836.45
127,975.10
104,983.78
206,021.86
233,366.00
245,000.00
158,549.50
130,000.00
320,000.00
320,000.00
190,000.00
170,000.00
Aaa 10/13/2021 10/21/2021 17,835.99 0.68
127,972.08 3.97
104,962.06 4.46
205,988.10 4.82
233,365.89 4.63
244,961.56 4.95
158,533.54 5.05
129,986.44 4.65
319,934.02 5.42
319,981.44 4.31
189,983.15 4.87
169,961.51 4.79

5.05 17,836.29
127,973.64
104,972.64
206,003.57
233,365.94
244,978.34
158,539.69
129,991.31
319,953.99
319,987.93
189,988.45
169,973.59
17,670.43
127,586.69
104,958.90
206,270.33
233,515.59
245,903.32
159,069.07
130,162.24
323,188.48
319,271.68
191,001.68
170,743.58
CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
NR
Aaa
NR
NR
NR
Aaa
NR
NR
Aaa
NR
NR
7/12/2022 7/20/2022
9/20/2022 9/28/2022
10/4/2022 10/12/2022
1/24/2023 1/30/2023
10/27/2022 11/3/2022
2/13/2023 2/23/2023
3/28/2023 3/31/2023
8/15/2023 8/22/2023
4/4/2023 4/11/2023
6/7/2023 6/14/2023
6/8/2023 6/16/2023
225.80
208.10
413.76
480.22
539.00
355.86
268.67
625.16
612.98
411.24
361.91
NAROT 2022-B A3
DTD 09/28/2022 4.460% 05/17/2027
GMCAR 2022-4 A3
DTD 10/12/2022 4.820% 08/16/2027
TAOT 2023-A A3
DTD 01/30/2023 4.630% 09/15/2027
COMET 2022-A3 A
DTD 11/03/2022 4.950% 10/15/2027
HDMOT 2023-A A3
DTD 02/23/2023 5.050% 12/15/2027
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AAA
AAA
NR
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DTD 08/22/2023 5.410% 02/18/2028
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DTD 04/11/2023 4.310% 03/15/2028
AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
AAA
AAABACCT 2023-A1 A1
DTD 06/16/2023 4.790% 05/15/2028
45PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Appendix
Important Disclosures
This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation, as it was prepared without regard to any specific objectives or financial circumstances.

PFMAM professionals have exercised reasonable professional care in the preparation of this performance report. Information in this report is obtained from sources external to PFMAM and is generally believed to be reliable and available to the public; however, we cannot guarantee its accuracy, completeness or suitability. We rely on the client's custodian for security holdings and market values. Transaction dates reported by the custodian may differ from money manager statements.

While efforts are made to ensure the data contained herein is accurate and complete, we disclaim all responsibility for any errors that may occur. References to particular issuers are for illustrative purposes only and are not intended to be recommendations or advice regarding such issuers. Fixed income manager and index characteristics are gathered from external sources. When average credit quality is not available, it is estimated by taking the market value weights of individual credit tiers on the portion of the strategy rated by a NRSRO.

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

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

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

PFM Asset Management serves clients in the public sector and is a division of U.S. Bancorp Asset Management, Inc., which is the legal entity providing investment advisory services. U.S. Bancorp Asset Management, Inc. is a registered investment adviser, a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S.

Bancorp. U.S. Bank N.A. is not responsible for and does not guarantee the products, services, or performance of U.S. Bancorp Asset Management, Inc. The information contained is not an offer to purchase or sell any securities. Additional applicable regulatory information is available upon request.

For more information regarding PFMAM's services or entities, please visit www.pfmam.com.

Further distribution is not permitted without prior written consent. 47PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Appendix
Important Disclosures
This information is for institutional investor use only, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer to buy or sell any fund or other security. Investors should consider the Trust’s investment objectives, risks, charges and expenses before investing in the Trust. This and other information about the Trust is available in the Trust’s current Information Statement, which should be read carefully before investing. A copy of the Trust’s Information Statement may be obtained by calling 1-800-729-7665 or is available on the Trust’s website at www.camponline.com. While the Cash Reserve Portfolio seeks to maintain a stable net asset value of $1.00 per share and the CAMP Term Portfolio seeks to achieve a net asset value of $1.00 per share at the stated maturity, it is possible to lose money investing in the Trust. An investment in the Trust is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Shares of the Trust are distributed by U.S. Bancorp Investments, Inc., member FINRA (www.finra.org) and SIPC (www.sipc.org). PFM Asset Management is a division of U.S. Bancorp Asset Management, Inc., which serves as administrator and investment adviser to the Trust. U.S. Bancorp Asset Management, Inc. is a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S. Bancorp. U.S. Bancorp Investments, Inc. is a subsidiary of U.S. Bancorp and affiliate of U.S. Bank N.A.

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.

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

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

ICE Bank of America Indices provided by Bloomberg Financial Markets.

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

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

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

MBS maturities are represented by expected average life. 48PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Appendix
Glossary
Accrued Interest: Interest that is due on a bond or other fixed income security since the last interest payment was made.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Pass-through Security: A security representing pooled debt obligations that passes income from debtors to its shareholders. The most common type is the mortgage-backed security.
49PFM Asset Management | pfmam.com

For the Quarter Ended December 31, 2024
CITY OF LAKE ELSINORE Appendix
Glossary
Repurchase Agreements: A holder of securities sells these securities to an investor with an agreement to repurchase them at a fixed price on a fixed date.

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

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

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

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

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

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

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

YTM at Market: The yield to maturity at market is the rate of return based on the current market value, the annual interest receipts, maturity value, and the time period remaining until maturity, stated as a percentage on an annualized basis. 50PFM Asset Management | pfmam.com
9)
Change Order No. 2 to the Professional Services Agreement with Inland Foundation Engineering, Inc. for Geotechnical Services on the New City Hall Project Approve and authorize the City Manager to execute Change Order No. 2 to the agreement with Inland Foundation Engineering, Inc. in an amount not to exceed $110,000.00 for geotechnical services related to the New City Hall Project in such final form as approved by the City Attorney.

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To:Honorable Mayor and Members of the City Council
From:Jason Simpson, City Manager
Prepared by:Shannon Buckley, Assistant City Manager
Date:March 25, 2025
Subject:Change Order No. 2 to the Professional Services Agreement with Inland Foundation Engineering, Inc. for Geotechnical Services on the New City Hall Project
Recommendation
Approve and authorize the City Manager to execute Change Order No. 2 to the agreement with Inland Foundation Engineering, Inc. in an amount not to exceed $110,000.00 for geotechnical services related to the New City Hall Project in such final form as approved by the City Attorney.

Background
August 27, 2024, the city entered into a professional services agreement with Inland Foundation Engineering, Inc. to provide geotechnical engineering services with valued engineering concepts.

On December 10, 2024, Change Order No. 1 was approved by the City Council for additional geotechnical engineering services. At this time a second change order is required to complete the engineering services needed for the new city hall project. The additional services are needed to certify the engineered building and final structural inspections of concrete, steel, and framing on the project.

Discussion
This change order contains standard geotechnical engineering services for steel superstructure construction projects and will satisfy the geotechnical engineering construction documentation to affect structural certification. The finishing tasks are included in the following:

Reinforced Masonry Inspection and Testing
•Verification of reinforcement placement
•Inspection of anchor and other embedded placement
•Sampling and fabrication of concrete masonry units (CMU), grout, mortar Change Order No. 2 Inland Foundation Engineering Geotechnical Services

Page 2 of 2 ends

Structural Steel and Welding Inspection
•Verify WPS, welder qualifications, and equipment
•Verify heat numbers and mill certification information for all materials Welding Inspection during Shop Fabrication of Structural Steel Components •Site welding inspection
•High-strength bolt sampling, testing, and material verification Laboratory Testing
•Reinforcing steel – bend and tensile strength
•High-strength bolts and nuts – hardness and tensile strength •Concrete – compressive strength
•Masonry core shear strength
•Soil and aggregate base – optimum moisture content, maximum density The Inland Foundation Engineering, Inc. change order will include all of the originally proposed services in greater quantity, specifically the structural steel and welding Inspection and welding inspection during shop fabrication of structural steel components.

Fiscal Impact
Funding costs are included in the Fiscal Year 24/25 – 28/29 Capital Improvement Plan (CIP) budget, CIP Project No. Z20006.

Attachments
Attachment 1 - Change Order No. 2
City Manager’s Office
2 DATE:

QUANTITY UNIT
Lump Sum 1.00
TOTAL
SUM OF
2 Review by: Initials Date Date

EXTENSION

THE AMOUNT OF THE CONTRACT WILL BE (INCREASED) BY THE
$110,000.00
None

QUANTITY
PROJECT CHANGE ORDER CHANGE ORDER #
THIS CHANGE ORDER IS APPLICABLE TO:

CONTRACT AWARDED TO:

City Manager:
$110,000.00
Approved by:

Contractor
Change Order No.

Assistant City Manager
Authorized by: Jason Simpson TOTAL AMOUNT OF CONTRACT
$125,000.00

QUANTITIES INCREASED

CITY OF LAKE ELSINORE
130 S. MAIN STREET
LAKE ELSINORE, CA 92530
(951) 674-3124
March 11. 2025
CITY PROJECT #
August 27, 2024DATE AWARDED:

PROJECT TITLE: City Hall GeoTech Services Inland Foundation Engineering Services #Z20006
Geo Tech Services
ITEM

QUANTITIES DECREASED
$110,000.00$110,000.00

UNIT PRICE

PRIOR TO THIS CHANGE ORDER
CONTRACTOR IS AUTHORIZED TO MAKE THE FOLLOWING CHANGES:

City Manager

UNIT PRICE EXTENSIONITEM
10)
Public Works Construction Agreement with Edmondson Construction Co. for the Parking Lot Curb & Gutter Site Improvement of the New City Library (CIP Project #Z20003)
Award and authorize the City Manager to execute a Public Works Construction Agreement with Edmondson Construction Co. in an amount not to exceed $72,500.00 for the parking lot curb & gutter site improvement of the new City Library (CIP Project #Z20003) in such final form as approved by the City Attorney; authorize the City Manager to execute change orders not exceeding a 10% contingency of $7,250.00 for uncertainties and adjustments; and authorize the City Clerk to record the Notice of Completion once work is completed.

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To:Honorable Mayor and Members of the City Council
From:Jason Simpson, City Manager
Prepared by:Shannon Buckley, Assistant City Manager
Date:March 25, 2025
Subject:Public Works Construction Agreement with Edmondson Construction Co. for the Parking Lot Curb & Gutter Site Improvement of the New City Library (CIP Project #Z20003)
Recommendation
Award and authorize the City Manager to execute a Public Works Construction Agreement with Edmondson Construction Co. in an amount not to exceed $72,500.00 for the parking lot curb & gutter site improvement of the new City Library (CIP Project #Z20003) in such final form as approved by the City Attorney; authorize the City Manager to execute change orders not exceeding a 10% contingency of $7,250.00 for uncertainties and adjustments; and authorize the City Clerk to record the Notice of Completion once work is completed.

Background
On June 25, 2024, the City Council awarded a professional services agreement to design and develop construction documents for the new City Library. Following completing these construction documents and working closely with the utility companies, the City has graded the library parking lot. It is ready to construct the parking lot curb & gutter.

Site Improvement New City Library (CIP Project #Z20003)

Page 2 of 2 ends

Discussion
The parking lot construction aims to enhance the infrastructure, ensuring the parking lot is well- equipped to handle increased vehicular traffic through drive approach areas from West Summer Avenue and North Spring Street. Moreover, the parking lot will have adequate lighting for safety and visibility. Construction of the parking lot curb & gutter will begin immediately and will be performed simultaneously with the library site improvements. In this construction agreement, the key elements will include the following construction items:
•Construct A-6 Curb & gutter (951 Square Feet
•4" PCC Sidewalk (760 Square Feet)
•City Drive Approach 118A (470 Square Feet)
•City Drive Approach 118B (500 Square Feet)
•Demo Existing C&G & Drive Approach (2 Each)
Staff solicited proposals from three contractors capable of performing the curb & gutter construction for the parking lot. Each contractor was briefed on the entire scope of work and performed a thorough site visit to assess better the above construction items related to the site.

Listed below are the submitted proposals for the building demolition:

Company Amount
Edmondson Construction Co. $72,500.00
Cotter Construction $88,500.00
Endresen Development Inc. $91,250.00
After the curb & gutter, the parking lot will be ready to receive underground utilities for lighting, road base/asphalt pavement, and striping.

Fiscal Impact
Funding costs are included in the Fiscal Year 24/25 – 28/29 Capital Improvement Plan (CIP) budget, CIP Project #Z20003.

Attachments
Attachment 1 - Agreement
Attachment 2 - Proposal
City Manager’s Office
1 3
8 6
4 3
Agreement No. __________

AGREEMENT FOR PUBLIC WORKS CONSTRUCTION
Edmondson Construction, Co.

For the
Library Parking Lot Curb
& Gutter
CIP PROJECT NO. Z20003
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 Edmondson Construction, Co (“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:

Library Parking Lot Curb & Gutter Z20003 (the “Project”) The City-approved plans for the construction of the Project, which are incorporated herein by reference and prepared by Staff, are identified as:

Civil Plan
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, such contract price being seventy two thousand five hundred dollars and no cents ($72,500.00).
2 3
8 6
4 3
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 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 and complete all work within 20 working days from the date of commencement specified in the Notice to Proceed, 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 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 $500 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. 3 3
8 6
4 3

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 claim 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 City Engineer 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 Documents. City and Contractor shall negotiate in good faith and as expeditiously as possible the appropriate adjustments for such changes.

5. 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.

6. 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.

7. 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, 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.

8. Indemnity. Contractor shall indemnify, defend, and hold harmless the City and its officials, officers, employees, agents, the County and Board Supervisors, 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 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
4 3
8 6
4 3
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.

9. 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. Commercial 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.
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iv. Builder’s Risk Coverage. Prior to the commencement of any construction of the Project, Design-Builder shall obtain (or cause to be obtained) and keep in force during the term of any construction, builder’s risk insurance insuring for all risks of physical loss of or damage (excluding the perils of earthquake and flood). v. Professional Liability Coverage 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 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 commercial 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, 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 6 3
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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.

10. 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 Contractor: Edmondson Construction Co.

Attn: Chance Edmondson
18135 Grand Ave
Lake Elsionore CA 92530

11. 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.

12. 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.

13. 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 for 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.

14. 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.

15. 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.

16. 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. 7 3
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17. 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.

18. 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.

19. 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 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 City Engineer shall act as the Project administrator on behalf of the City.

20. 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.

21. 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.

22. 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. 8 3
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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 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.

23. 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]
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IN WITNESS WHEREOF, the parties have caused this Agreement to be executed on the date first written above.
“CITY”
CITY OF LAKE ELSINORE, a municipal
corporation
“CONTRACTOR”
Edmondson Construction Co
City Manager
ATTEST:

By: Chance Edmondson
Its: Owner
City Clerk
APPROVED AS TO FORM:

By:Click or tap here to enter text.

Its: Click or tap here to enter text.

City Attorney
Assistant City Manager

EXHIBIT A
CONTRACTOR’S PROPOSAL
[ATTACHED]

EXHIBIT B

LIST OF SUBCONTRACTORS
[ATTACHED]
Proposal To: License Number: 958561
hereinafter referred to as "OWNER";
Install PCC Improvements for Library Parking
4" PCC Sidewalk
City Drive Approach 118A
City Drive Approach 118B
Demo Existing C&G & Drive Approach
Notes:

All Work Completed in 1 Move-In.

NO AC Patching Included.

Prevailing Wage Rates, Acknowledged.

No Export of other trades spoils included.

No removal, relocation & or adjustment of any utilities. No removal of any hazardous materials.

No removal of any buried objects. All area's must be accessible with heavy equipment.

Plans by ERSC dated 8-26-24. Soils by Inland Foundation dated 7-9-24.

ACCEPTED:

Company:

By: Date: By:

Title: Title:
www.wemovedirt.com
124 W Sumner Ave Lake Elsinore, CA
EDMONDSON CONSTRUCTION CO. proposes to furnish all supervision, labor, equipment Lake Elsinore, CA 92530

ITEM TOTAL
Attn: Gus Papagolos
Construct A-6 Curb (& C&G)
$72,500.00
470
Owner to supply water meter (On-Site), soils testing, survey, SWPPP, permits & traffic control. $72,500.00
billings are due on the 10th of the month following. All retention's are due and payable payments upon receipt of invoice(s) covering work completed to date of invoice. Progressive The above prices are firm until: May 1, 2025 Total:
concerning the responsibilities of a contractor may be referred to the Registrar of the Board whose address is:
calendar days be required to complete the above items, owner will make progressive Terms: Net cash, due and payable upon completion. Should more that 30 consecutive Contractors State License Board, 1020 North St., Sacramento, CA 95814 Chance Edmondson
30 days from completion of above work.

Contractors are required by law to be licensed by the Contractors' State License Board. Any questions EDMONDSON CONSTRUCTION CO.
18135 Grand Ave - Lake Elsinore, California 92530 - (951) 678-0800 - Fax (951) 678-0884 P.O. BOX 101 - LAKE ELSINORE, CALIFORNIA 92531
President
SF
SF
6115D
PROJECT LOCATION:

UNIT PRICE
March 7, 2025
New City LibraryTRACT NUMBER:

ITEM DESCRIPTION
Job #
760
SF550
2 City of Lake Elsinore
130 S Main St

QUANTITY
and materials to construct and complete in a good and workmanlike manner upon the following described real property, only the items indicated below:

EA
Wall Total
915 LF

11)
On-Call Professional Services Agreements with GEI Consultants, Inc., for Lake Water Testing and Blankinship & Associates, Inc. for Water Quality Permit Management.

1. Approve

and

authorize

the

City

Manager

execute

On-Call

Professional

Services
Agreement

with

GEI

Consultants

Inc.

amount

not

exceed

$70,000

per

fiscal
year, in such final form as approved by the City Attorney.

2. Approve

and

authorize

the

City

Manager

execute

On-Call

Professional

Services
Agreement

with

Blankinship

Associates,

Inc.

amount

not

exceed

$35,000

per
fiscal year, in such final form as approved by the City Attorney.

Page 1 of 2 ends

REPORT TO CITY COUNCIL
To:Honorable Mayor and Members of the City Council
From:Jason Simpson, City Manager
Prepared by:Shannon Buckley, Assistant City Manager
Date:March 25, 2025
Subject:On-Call Professional Services Agreements with GEI Consultants, Inc., for Lake Water Testing and Blankinship & Associates, Inc. for Water Quality Permit Management.

Recommendation

Background
Lake Elsinore is a vital resource for both wildlife and recreation. Situated at the bottom of the San Jacinto Watershed, the lake has long faced challenges from recurring algae blooms and water quality issues. The San Jacinto River Watershed, which feeds into Lake Elsinore, spans 780 square miles across western Riverside County. Originating in the San Jacinto Mountains, it flows westward through Canyon Lake before reaching Lake Elsinore. This natural water flow brings nutrient-rich sediment each year, carrying elevated levels of nitrogen and phosphorus that degrade water quality and pose risks to aquatic life in Lake Elsinore.

In August 2023, the City Council approved a comprehensive Lake Management Plan to enhance the lake's water quality. Since then, the City has made significant progress, including installing three nanobubble barges that inject oxygen directly into the water, helping combat algae growth and improve overall water health. Additionally, the lake benefits from a robust maintenance program that utilizes a hydrogen peroxide-based algaecide and ongoing shoreline upkeep to preserve water quality and support a balanced ecosystem.

Lake On-Call Contract Services

Page 2 of 2 ends

Lake Elsinore City CouncilMarch 25, 2025

Lake Elsinore City Council
March 25, 2025