City Council Chambers
29844 Haun Road
Menifee, CA 92586
Bill Zimmerman, Mayor
Bob Karwin, District 1
Ricky Estrada,District 2
Lesa Sobek, District 3
Dean Deines, District 4
AGENDA
Menifee City Council
Regular Meeting Agenda
Wednesday, December 4, 2024
5:00 PM Closed Session
6:00 PM Regular Meeting
Armando G. Villa, City Manager
Jeffrey T. Melching, City
Attorney
Stephanie Roseen, Acting City
Clerk
CLOSED SESSION (5:00 PM)
1. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 City of Perris v. City of Menifee, Riverside County Superior Court Case No.
CVRI230303456
2. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 City of Menifee v. City of Perris, Riverside County Superior Court Case No.
CVRI2203040
3. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, SIGNIFICANT EXPOSURE TO LITIGATION
Gov. Code Section 54956.9(d)(2) or (3): Two cases
4. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, INITIATION OF LITIGATION
Government Code section 54956.9(d)(4): Two cases
5. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 Showprop Menifee DE, LLC v. City of Menifee, Riverside County Superior Court Case No. CVRI2402960
6. CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Government Code § 54956.8)
Property: Assessor’s Parcel Numbers 360340005, 360340006, and 360340007 Agency Negotiators: Armando G. Villa, City Manager; Bryan Jones, Assistant City Manager; Jeffrey Melching, City Attorney
Negotiating Parties: City of Menifee and Jack William Wickerd; Under Negotiation: Price and Terms of Payment
REGULAR MEETING (6:00 PM)
1. CALL TO ORDER
2. ROLL CALL
3. WORDS OF INSPIRATION
3.1. Lupita Ramirez – Women’s Relief Society President, Menifee Church of Jesus Christ of Latterday Saints
4. PLEDGE OF ALLEGIANCE
5. PRESENTATIONS
5.1. Citizen of the Month – Anita Russell
5.2. Recognition of Teacher of the Year Misty McBee
6. AGENDA APPROVAL OR MODIFICATIONS
7. PUBLIC COMMENTS (NONAGENDA ITEMS)
This is the time for members of the public to address the Council about items which are NOT listed on the agenda. The Ralph M. Brown Act limits the Council’s ability to respon d to comments on nonagendized matters at the time such comments are made. Each speaker will be limited to three minutes on any single item.
8. COUNCILMEMBER UPDATES AND COMMENTS
9. APPROVAL OF MINUTES
9.1 November 20, 2024 Minutes
10. CONSENT CALENDAR
All matters on the Consent Calendar are to be approved in one motion unless a Councilmember requests a separate action on a specific item on the Consent Calendar. If an item is removed from the Consent Calendar, it will be discussed individually and acted upon separately. Unless otherwise directed by a member of the City Council, the vote on ordinance adoptions will reflect the prior action of each Councilmember when the ordinance was introduced. However, if a Councilmember is not present at the City Council meeting, their vote will be reflected as absent.
10.1 Waiver of Reading
RECOMMENDED ACTION
1. Waive the reading in full of any and all Ordinances listed on this agenda and provide that they be read by title only.
10.2 Treasurer's Report September 2024
RECOMMENDED ACTION
1. Receive and file the Quarterly Treasurer’s Report as of September 30, 2024.
10.3 Warrant Register
RECOMMENDED ACTION
1. Ratify and approve the Voucher Lists dated 10/25/2024, 11/1/2024 and 11/08/2024, the Payroll Register/Other EFTs dated 10/25/2024, 10/28/2024, 11/4/2024, 11/8/2024 and the Void Check Listing PE 10/31/2024 which have a total budgetary impact of $9,734,411.73.
10.4 Second Reading and Adoption of an Ordinance for Ethanac Business Park Specific Plan Amendment and Zone Change
RECOMMENDED ACTION
1. Adopt an ordinance approving Specific Plan Amendment No. PLN230175 and Zone Change No. PLN230174 for the Ethanac Business Park, generally located east of Trumble Road, south of Ethanac Road, west of Sherman Road and north of McLaughlin Road.
10.5 Memorandum of Understanding with the Menifee Police Officers Association (MPOA) RECOMMENDED ACTION
1. Adopt a resolution approving a successor Memorandum of Understanding (MOU) between the City and the Menifee Police Officers Association (MPOA), for the period of July 1, 2024 through June 30, 2027; and
2. Authorize the City Manager or their designee to execute and implement terms of the MOU and resolutions; and
3. Adopt a resolution approving the Classification and Compensation Plan known as the Authorized Position Listing.
10.6 Memorandum of Understanding with the Menifee Police Management Association (MPMA)
RECOMMENDED ACTION
1. Adopt a resolution approving a successor Memorandum of Understanding (MOU) between the City and the Menifee Police Management Association (MPMA) for the period of July 1, 2024 through June 30, 2027; and
2. Authorize the City Manager or their designee to execute and implement terms of the MOU and resolutions; and
3. Adopt a resolution approving the Classification and Compensation Plan known as the Authorized Position Listing.
10.7 Bid Award and Agreement with Hillcrest Contracting, Inc. for Construction Services for the Civic Center Parking Lot Project
RECOMMENDED ACTION
1. Award bid and authorize the City Manager to execute a Contract Services Agreement with Hillcrest Contracting, Inc. for construction services for the Civic Center Parking Lot, Capital Improvement Program (CIP) Project No. 2224, located south of Newport Road and east of Town Center Drive, for a total notto exceed amount of $3,292,946.60.
10.8 Community Services Department, Language Interpretation Services OnCall List RECOMMENDED ACTION
1. Approve the Community Services Department oncall list for language interpretation services for Fiscal Years 2024/2025 through 2029/2030.
10.9 Agreements with ETech360, Inc. and SDI Presence, LLC for AsNeeded Professional Information Technology Support Services
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a master agreement with ETech360, Inc. for professional asneeded service desk support for the Information Technology Department in an amount nottoexceed $100,000 for Fiscal Year (FY) 2024/2025; and
2. Authorize the City Manager to approve a oneyear renewal to the ETech360 master agreement for professional asneeded service desk support in an amount nottoexceed $100,000, contingent on budget availability; and
3. Approve and authorize the City Manager to execute a master agreement with SDI Presence, LLC for higher level technical support for special projects for the Information Technology Department in an amount nottoexceed $100,000 for FY 2024/2025; and
4. Authorize the City Manager to approve a oneyear renewal to the SDI Presence, LLC master agreement for higher level technical support for special projects in an amount nottoexceed $100,000, contingent on budget availability; and
5. Authorize the Finance Department to issue individual Purchase Orders on an asneeded basis against the executed agreements, nottoexceed the aggregate agreement amount approved for each year.
10.10 Agreements with Ace Uniforms and Macro Industries, Inc. for Professional OnCall Custom Apparel Services
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a master agreement for professional oncall services with Ace Uniforms for custom apparel services in the amount of $32,000 for Fiscal Year (FY) 2024/2025; and
2. Authorize the City Manager to approve four oneyear renewals to the Ace Uniforms Master Agreement in an annual amount of $32,000, at the City’s discretion and contingent on availability of the corresponding budget; and
3. Approve and authorize the City Manager to execute a master agreement for professional oncall services with Macro Industries, Inc. for custom apparel services in the amount of $32,000 for FY 2024/2025; and
4. Authorize the City Manager to approve four oneyear renewals to the Macro Industries, Inc. Master Agreement in an annual amount of $32,000, at the City’s discretion and contingent on availability of the corresponding budget.
10.11 Agreement with Riverside County Flood Control and Water Conservation District, County of Riverside, and D.R. Horton for the Menifee Valley – Holland Road Channel, Stage 1
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Cooperative Agreement to guarantee the completion of the required flood control facility improvements associated with County of Riverside Tract Map 37439 by D.R. Horton Los Angeles Holding Company, Inc., located east of Briggs Road and south of Holland Road, in the unincorporated area of the County of Riverside.
10.12 Agreement Amendment with Rincon Consultants, Inc. for OnCall Planning Services for the Legado Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute Amendment No. 4 to the Professional Services Agreement with Rincon Consultants, Inc. for oncall planning services for the Legado Project, increasing the amount by $30,000 for a total nottoexceed amount of $65,000.
10.13 Final Map, Agreement, and Bonds for Tract Map 366584, Cimarron Ridge, by Pulte Homes Company, LLC
RECOMMENDED ACTION
1. Approve and authorize the filing of the final map for Tract Map 366584, Cimmaron Ridge, by Pulte Homes Company, LLC, located west of Valley Boulevard and south of McLaughlin Road; and
2. Approve and authorize the City Manager to execute the subdivision improvement agreement to guarantee completion of the required onsite improvements associated with Tract Map 366584.
10.14 Final Map, Agreement, and Bonds for Parcel Map 37624, Heritage Square, by Heritage Square Menifee, LLC
RECOMMENDED ACTION
1. Approve and authorize the filing of Parcel Map 37624, Heritage Square, by Heritage Square Menifee, LLC, located north of McCall Boulevard and west of Menifee Road; and
2. Approve and authorize the City Manager to execute a subdivision improvement agreement to guarantee completion of required public improvements associated with Parcel Map 37624.
10.15 Notice of Completion and Acceptance for the Romoland Grid Area – 3rd Street – ATP Project
RECOMMENDED ACTION
1. Accept the improvements for the Romoland Grid Area – 3 rd Street – ATP Project, Capital Improvement Program (CIP) Project No. 2304, located along 3rd Street northeast of Highway 74, west of Antelope Road, and south of Watson Road; and
2. Authorize the City Clerk to file a Notice of Completion with the Riverside County Recorder’s Office.
11. PUBLIC HEARING ITEMS
11.1 Appeal of the Murrieta Road Warehouse Project
RECOMMENDED ACTION
1. Adopt a resolution approving Appeal No. PLN240214 overturning the Planning Commission’s decision and certifying the Environmental Impact Report (State Clearinghouse No. 2023110162), and adopting the Findings of Fact, Statement of Overriding Considerations, and Mitigation Monitoring and Reporting Program; and
2. Adopt a resolution approving Appeal No. PLN240214 overturning the Planning Commission’s decision and approving Plot Plan No. PLN220179 generally located south of Floyd Avenue, east of Geary Street, west of Murrieta Road, and north of McLaughlin Road.
12. DISCUSSION ITEMS
12.1 City Council Recognition Policy Amendment
RECOMMENDED ACTION
1. Review and provide additional direction on parameters for a Key to the City Program; or
2. Approve the amended City Council Recognition Policy (Policy No. CC24), incorporating guidelines for the Key to the City recognition.
13. CITY ATTORNEY REPORTS
14. CITY MANAGER REPORTS
15. FUTURE AGENDA REQUESTS FROM COUNCIL MEMBERS
> Road Name Change of Haun Road (Sobek, June 5, 2024)
Target Date: TBD
> Feasibility of Paving Dirt Roads in the City (Estrada, June 5, 2024) Target Date: TBD
> September 11th Remembrance Day Event/Tribute (Sobek, September 18, 2024) Target Date: TBD
> Discussion on the EDC – NG Land Uses and General Plan (Estrada, November 20, 2024) Target Date: TBD
> Discussion on Esthetic Enhancements to the Menifee Operations Center Frontage (Karwin, November 20, 2024)
Target Date: TBD
> Joint Workshop for Planning and Council on Land Use/Role of a Planning Commissioner (Zimmerman, November 20, 2024)
Target Date: TBD
16. ADJOURN
Decorum Policy Notes
The Council anticipates and encourages public participation at its Council meeting, both on agenda items and during the public comments period. Please turn your cell phones off, refrain from talking in the audience or outbursts that may be disruptive. We encourage participation and ask for a mutual respect for the proceedings.
Staff Reports
Materials related to an item on this agenda, including those submitted to the City Council after distribution of the agenda packet, are available for public inspection by contacting the City Clerk Department, at (951) 6726777 or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours.
Compliance with the Americans with Disabilities Act
If you need special assistance to participate in this meeting, you should contact the City Clerk Department at (951) 6726777 or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours. Notification 72 hours prior to the meeting will enable the City to make reasonable arrangements to assure accessibility to this meeting.
Menifee Mayor and City Council
December 4, 2024
Page
1 of 1648
City Council Chambers
29844 Haun Road
Menifee, CA 92586
Bill Zimmerman, Mayor
Bob Karwin, District 1
Ricky Estrada,District 2
Lesa Sobek, District 3
Dean Deines, District 4
AGENDA
Menifee City Council
Regular Meeting Agenda
Wednesday, December 4, 2024
5:00 PM Closed Session
6:00 PM Regular Meeting
Armando G. Villa, City Manager
Jeffrey T. Melching, City
Attorney
Stephanie Roseen, Acting City
Clerk
CLOSED SESSION (5:00 PM)
1. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 City of Perris v. City of Menifee, Riverside County Superior Court Case No.
CVRI230303456
2. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 City of Menifee v. City of Perris, Riverside County Superior Court Case No.
CVRI2203040
3. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, SIGNIFICANT EXPOSURE TO LITIGATION
Gov. Code Section 54956.9(d)(2) or (3): Two cases
4. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, INITIATION OF LITIGATION
Government Code section 54956.9(d)(4): Two cases
5. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 Showprop Menifee DE, LLC v. City of Menifee, Riverside County Superior Court Case No. CVRI2402960
6. CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Government Code § 54956.8)
Property: Assessor’s Parcel Numbers 360340005, 360340006, and 360340007 Agency Negotiators: Armando G. Villa, City Manager; Bryan Jones, Assistant City Manager; Jeffrey Melching, City Attorney
Negotiating Parties: City of Menifee and Jack William Wickerd; Under Negotiation: Price and Terms of Payment
REGULAR MEETING (6:00 PM)
1. CALL TO ORDER
2. ROLL CALL
3. WORDS OF INSPIRATION
3.1. Lupita Ramirez – Women’s Relief Society President, Menifee Church of Jesus Christ of Latterday Saints
4. PLEDGE OF ALLEGIANCE
5. PRESENTATIONS
5.1. Citizen of the Month – Anita Russell
5.2. Recognition of Teacher of the Year Misty McBee
6. AGENDA APPROVAL OR MODIFICATIONS
7. PUBLIC COMMENTS (NONAGENDA ITEMS)
This is the time for members of the public to address the Council about items which are NOT listed on the agenda. The Ralph M. Brown Act limits the Council’s ability to respon d to comments on nonagendized matters at the time such comments are made. Each speaker will be limited to three minutes on any single item.
8. COUNCILMEMBER UPDATES AND COMMENTS
9. APPROVAL OF MINUTES
9.1 November 20, 2024 Minutes
10. CONSENT CALENDAR
All matters on the Consent Calendar are to be approved in one motion unless a Councilmember requests a separate action on a specific item on the Consent Calendar. If an item is removed from the Consent Calendar, it will be discussed individually and acted upon separately. Unless otherwise directed by a member of the City Council, the vote on ordinance adoptions will reflect the prior action of each Councilmember when the ordinance was introduced. However, if a Councilmember is not present at the City Council meeting, their vote will be reflected as absent.
10.1 Waiver of Reading
RECOMMENDED ACTION
1. Waive the reading in full of any and all Ordinances listed on this agenda and provide that they be read by title only.
10.2 Treasurer's Report September 2024
RECOMMENDED ACTION
1. Receive and file the Quarterly Treasurer’s Report as of September 30, 2024.
10.3 Warrant Register
RECOMMENDED ACTION
1. Ratify and approve the Voucher Lists dated 10/25/2024, 11/1/2024 and 11/08/2024, the Payroll Register/Other EFTs dated 10/25/2024, 10/28/2024, 11/4/2024, 11/8/2024 and the Void Check Listing PE 10/31/2024 which have a total budgetary impact of $9,734,411.73.
10.4 Second Reading and Adoption of an Ordinance for Ethanac Business Park Specific Plan Amendment and Zone Change
RECOMMENDED ACTION
1. Adopt an ordinance approving Specific Plan Amendment No. PLN230175 and Zone Change No. PLN230174 for the Ethanac Business Park, generally located east of Trumble Road, south of Ethanac Road, west of Sherman Road and north of McLaughlin Road.
10.5 Memorandum of Understanding with the Menifee Police Officers Association (MPOA) RECOMMENDED ACTION
1. Adopt a resolution approving a successor Memorandum of Understanding (MOU) between the City and the Menifee Police Officers Association (MPOA), for the period of July 1, 2024 through June 30, 2027; and
2. Authorize the City Manager or their designee to execute and implement terms of the MOU and resolutions; and
3. Adopt a resolution approving the Classification and Compensation Plan known as the Authorized Position Listing.
10.6 Memorandum of Understanding with the Menifee Police Management Association (MPMA)
RECOMMENDED ACTION
1. Adopt a resolution approving a successor Memorandum of Understanding (MOU) between the City and the Menifee Police Management Association (MPMA) for the period of July 1, 2024 through June 30, 2027; and
2. Authorize the City Manager or their designee to execute and implement terms of the MOU and resolutions; and
3. Adopt a resolution approving the Classification and Compensation Plan known as the Authorized Position Listing.
10.7 Bid Award and Agreement with Hillcrest Contracting, Inc. for Construction Services for the Civic Center Parking Lot Project
RECOMMENDED ACTION
1. Award bid and authorize the City Manager to execute a Contract Services Agreement with Hillcrest Contracting, Inc. for construction services for the Civic Center Parking Lot, Capital Improvement Program (CIP) Project No. 2224, located south of Newport Road and east of Town Center Drive, for a total notto exceed amount of $3,292,946.60.
10.8 Community Services Department, Language Interpretation Services OnCall List RECOMMENDED ACTION
1. Approve the Community Services Department oncall list for language interpretation services for Fiscal Years 2024/2025 through 2029/2030.
10.9 Agreements with ETech360, Inc. and SDI Presence, LLC for AsNeeded Professional Information Technology Support Services
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a master agreement with ETech360, Inc. for professional asneeded service desk support for the Information Technology Department in an amount nottoexceed $100,000 for Fiscal Year (FY) 2024/2025; and
2. Authorize the City Manager to approve a oneyear renewal to the ETech360 master agreement for professional asneeded service desk support in an amount nottoexceed $100,000, contingent on budget availability; and
3. Approve and authorize the City Manager to execute a master agreement with SDI Presence, LLC for higher level technical support for special projects for the Information Technology Department in an amount nottoexceed $100,000 for FY 2024/2025; and
4. Authorize the City Manager to approve a oneyear renewal to the SDI Presence, LLC master agreement for higher level technical support for special projects in an amount nottoexceed $100,000, contingent on budget availability; and
5. Authorize the Finance Department to issue individual Purchase Orders on an asneeded basis against the executed agreements, nottoexceed the aggregate agreement amount approved for each year.
10.10 Agreements with Ace Uniforms and Macro Industries, Inc. for Professional OnCall Custom Apparel Services
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a master agreement for professional oncall services with Ace Uniforms for custom apparel services in the amount of $32,000 for Fiscal Year (FY) 2024/2025; and
2. Authorize the City Manager to approve four oneyear renewals to the Ace Uniforms Master Agreement in an annual amount of $32,000, at the City’s discretion and contingent on availability of the corresponding budget; and
3. Approve and authorize the City Manager to execute a master agreement for professional oncall services with Macro Industries, Inc. for custom apparel services in the amount of $32,000 for FY 2024/2025; and
4. Authorize the City Manager to approve four oneyear renewals to the Macro Industries, Inc. Master Agreement in an annual amount of $32,000, at the City’s discretion and contingent on availability of the corresponding budget.
10.11 Agreement with Riverside County Flood Control and Water Conservation District, County of Riverside, and D.R. Horton for the Menifee Valley – Holland Road Channel, Stage 1
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Cooperative Agreement to guarantee the completion of the required flood control facility improvements associated with County of Riverside Tract Map 37439 by D.R. Horton Los Angeles Holding Company, Inc., located east of Briggs Road and south of Holland Road, in the unincorporated area of the County of Riverside.
10.12 Agreement Amendment with Rincon Consultants, Inc. for OnCall Planning Services for the Legado Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute Amendment No. 4 to the Professional Services Agreement with Rincon Consultants, Inc. for oncall planning services for the Legado Project, increasing the amount by $30,000 for a total nottoexceed amount of $65,000.
10.13 Final Map, Agreement, and Bonds for Tract Map 366584, Cimarron Ridge, by Pulte Homes Company, LLC
RECOMMENDED ACTION
1. Approve and authorize the filing of the final map for Tract Map 366584, Cimmaron Ridge, by Pulte Homes Company, LLC, located west of Valley Boulevard and south of McLaughlin Road; and
2. Approve and authorize the City Manager to execute the subdivision improvement agreement to guarantee completion of the required onsite improvements associated with Tract Map 366584.
10.14 Final Map, Agreement, and Bonds for Parcel Map 37624, Heritage Square, by Heritage Square Menifee, LLC
RECOMMENDED ACTION
1. Approve and authorize the filing of Parcel Map 37624, Heritage Square, by Heritage Square Menifee, LLC, located north of McCall Boulevard and west of Menifee Road; and
2. Approve and authorize the City Manager to execute a subdivision improvement agreement to guarantee completion of required public improvements associated with Parcel Map 37624.
10.15 Notice of Completion and Acceptance for the Romoland Grid Area – 3rd Street – ATP Project
RECOMMENDED ACTION
1. Accept the improvements for the Romoland Grid Area – 3 rd Street – ATP Project, Capital Improvement Program (CIP) Project No. 2304, located along 3rd Street northeast of Highway 74, west of Antelope Road, and south of Watson Road; and
2. Authorize the City Clerk to file a Notice of Completion with the Riverside County Recorder’s Office.
11. PUBLIC HEARING ITEMS
11.1 Appeal of the Murrieta Road Warehouse Project
RECOMMENDED ACTION
1. Adopt a resolution approving Appeal No. PLN240214 overturning the Planning Commission’s decision and certifying the Environmental Impact Report (State Clearinghouse No. 2023110162), and adopting the Findings of Fact, Statement of Overriding Considerations, and Mitigation Monitoring and Reporting Program; and
2. Adopt a resolution approving Appeal No. PLN240214 overturning the Planning Commission’s decision and approving Plot Plan No. PLN220179 generally located south of Floyd Avenue, east of Geary Street, west of Murrieta Road, and north of McLaughlin Road.
12. DISCUSSION ITEMS
12.1 City Council Recognition Policy Amendment
RECOMMENDED ACTION
1. Review and provide additional direction on parameters for a Key to the City Program; or
2. Approve the amended City Council Recognition Policy (Policy No. CC24), incorporating guidelines for the Key to the City recognition.
13. CITY ATTORNEY REPORTS
14. CITY MANAGER REPORTS
15. FUTURE AGENDA REQUESTS FROM COUNCIL MEMBERS
> Road Name Change of Haun Road (Sobek, June 5, 2024)
Target Date: TBD
> Feasibility of Paving Dirt Roads in the City (Estrada, June 5, 2024) Target Date: TBD
> September 11th Remembrance Day Event/Tribute (Sobek, September 18, 2024) Target Date: TBD
> Discussion on the EDC – NG Land Uses and General Plan (Estrada, November 20, 2024) Target Date: TBD
> Discussion on Esthetic Enhancements to the Menifee Operations Center Frontage (Karwin, November 20, 2024)
Target Date: TBD
> Joint Workshop for Planning and Council on Land Use/Role of a Planning Commissioner (Zimmerman, November 20, 2024)
Target Date: TBD
16. ADJOURN
Decorum Policy Notes
The Council anticipates and encourages public participation at its Council meeting, both on agenda items and during the public comments period. Please turn your cell phones off, refrain from talking in the audience or outbursts that may be disruptive. We encourage participation and ask for a mutual respect for the proceedings.
Staff Reports
Materials related to an item on this agenda, including those submitted to the City Council after distribution of the agenda packet, are available for public inspection by contacting the City Clerk Department, at (951) 6726777 or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours.
Compliance with the Americans with Disabilities Act
If you need special assistance to participate in this meeting, you should contact the City Clerk Department at (951) 6726777 or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours. Notification 72 hours prior to the meeting will enable the City to make reasonable arrangements to assure accessibility to this meeting.
Menifee Mayor and City Council
December 4, 2024
Page
2 of 1648
City Council Chambers
29844 Haun Road
Menifee, CA 92586
Bill Zimmerman, Mayor
Bob Karwin, District 1
Ricky Estrada,District 2
Lesa Sobek, District 3
Dean Deines, District 4
AGENDA
Menifee City Council
Regular Meeting Agenda
Wednesday, December 4, 2024
5:00 PM Closed Session
6:00 PM Regular Meeting
Armando G. Villa, City Manager
Jeffrey T. Melching, City
Attorney
Stephanie Roseen, Acting City
Clerk
CLOSED SESSION (5:00 PM)
1. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 City of Perris v. City of Menifee, Riverside County Superior Court Case No.
CVRI230303456
2. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 City of Menifee v. City of Perris, Riverside County Superior Court Case No.
CVRI2203040
3. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, SIGNIFICANT EXPOSURE TO LITIGATION
Gov. Code Section 54956.9(d)(2) or (3): Two cases
4. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, INITIATION OF LITIGATION
Government Code section 54956.9(d)(4): Two cases
5. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 Showprop Menifee DE, LLC v. City of Menifee, Riverside County Superior Court Case No. CVRI2402960
6. CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Government Code § 54956.8)
Property: Assessor’s Parcel Numbers 360340005, 360340006, and 360340007 Agency Negotiators: Armando G. Villa, City Manager; Bryan Jones, Assistant City Manager; Jeffrey Melching, City Attorney
Negotiating Parties: City of Menifee and Jack William Wickerd; Under Negotiation: Price and Terms of Payment
REGULAR MEETING (6:00 PM)
1. CALL TO ORDER
2. ROLL CALL
3. WORDS OF INSPIRATION
3.1. Lupita Ramirez – Women’s Relief Society President, Menifee Church of Jesus Christ of Latterday Saints
4. PLEDGE OF ALLEGIANCE
5. PRESENTATIONS
5.1. Citizen of the Month – Anita Russell
5.2. Recognition of Teacher of the Year Misty McBee
6. AGENDA APPROVAL OR MODIFICATIONS
7. PUBLIC COMMENTS (NONAGENDA ITEMS)
This is the time for members of the public to address the Council about items which are NOT listed on the agenda. The Ralph M. Brown Act limits the Council’s ability to respon d to comments on nonagendized matters at the time such comments are made. Each speaker will be limited to three minutes on any single item.
8. COUNCILMEMBER UPDATES AND COMMENTS
9. APPROVAL OF MINUTES
9.1 November 20, 2024 Minutes
10. CONSENT CALENDAR
All matters on the Consent Calendar are to be approved in one motion unless a Councilmember requests a separate action on a specific item on the Consent Calendar. If an item is removed from the Consent Calendar, it will be discussed individually and acted upon separately. Unless otherwise directed by a member of the City Council, the vote on ordinance adoptions will reflect the prior action of each Councilmember when the ordinance was introduced. However, if a Councilmember is not present at the City Council meeting, their vote will be reflected as absent.
10.1 Waiver of Reading
RECOMMENDED ACTION
1. Waive the reading in full of any and all Ordinances listed on this agenda and provide that they be read by title only.
10.2 Treasurer's Report September 2024
RECOMMENDED ACTION
1. Receive and file the Quarterly Treasurer’s Report as of September 30, 2024.
10.3 Warrant Register
RECOMMENDED ACTION
1. Ratify and approve the Voucher Lists dated 10/25/2024, 11/1/2024 and 11/08/2024, the Payroll Register/Other EFTs dated 10/25/2024, 10/28/2024, 11/4/2024, 11/8/2024 and the Void Check Listing PE 10/31/2024 which have a total budgetary impact of $9,734,411.73.
10.4 Second Reading and Adoption of an Ordinance for Ethanac Business Park Specific Plan Amendment and Zone Change
RECOMMENDED ACTION
1. Adopt an ordinance approving Specific Plan Amendment No. PLN230175 and Zone Change No. PLN230174 for the Ethanac Business Park, generally located east of Trumble Road, south of Ethanac Road, west of Sherman Road and north of McLaughlin Road.
10.5 Memorandum of Understanding with the Menifee Police Officers Association (MPOA) RECOMMENDED ACTION
1. Adopt a resolution approving a successor Memorandum of Understanding (MOU) between the City and the Menifee Police Officers Association (MPOA), for the period of July 1, 2024 through June 30, 2027; and
2. Authorize the City Manager or their designee to execute and implement terms of the MOU and resolutions; and
3. Adopt a resolution approving the Classification and Compensation Plan known as the Authorized Position Listing.
10.6 Memorandum of Understanding with the Menifee Police Management Association (MPMA)
RECOMMENDED ACTION
1. Adopt a resolution approving a successor Memorandum of Understanding (MOU) between the City and the Menifee Police Management Association (MPMA) for the period of July 1, 2024 through June 30, 2027; and
2. Authorize the City Manager or their designee to execute and implement terms of the MOU and resolutions; and
3. Adopt a resolution approving the Classification and Compensation Plan known as the Authorized Position Listing.
10.7 Bid Award and Agreement with Hillcrest Contracting, Inc. for Construction Services for the Civic Center Parking Lot Project
RECOMMENDED ACTION
1. Award bid and authorize the City Manager to execute a Contract Services Agreement with Hillcrest Contracting, Inc. for construction services for the Civic Center Parking Lot, Capital Improvement Program (CIP) Project No. 2224, located south of Newport Road and east of Town Center Drive, for a total notto exceed amount of $3,292,946.60.
10.8 Community Services Department, Language Interpretation Services OnCall List RECOMMENDED ACTION
1. Approve the Community Services Department oncall list for language interpretation services for Fiscal Years 2024/2025 through 2029/2030.
10.9 Agreements with ETech360, Inc. and SDI Presence, LLC for AsNeeded Professional Information Technology Support Services
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a master agreement with ETech360, Inc. for professional asneeded service desk support for the Information Technology Department in an amount nottoexceed $100,000 for Fiscal Year (FY) 2024/2025; and
2. Authorize the City Manager to approve a oneyear renewal to the ETech360 master agreement for professional asneeded service desk support in an amount nottoexceed $100,000, contingent on budget availability; and
3. Approve and authorize the City Manager to execute a master agreement with SDI Presence, LLC for higher level technical support for special projects for the Information Technology Department in an amount nottoexceed $100,000 for FY 2024/2025; and
4. Authorize the City Manager to approve a oneyear renewal to the SDI Presence, LLC master agreement for higher level technical support for special projects in an amount nottoexceed $100,000, contingent on budget availability; and
5. Authorize the Finance Department to issue individual Purchase Orders on an asneeded basis against the executed agreements, nottoexceed the aggregate agreement amount approved for each year.
10.10 Agreements with Ace Uniforms and Macro Industries, Inc. for Professional OnCall Custom Apparel Services
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a master agreement for professional oncall services with Ace Uniforms for custom apparel services in the amount of $32,000 for Fiscal Year (FY) 2024/2025; and
2. Authorize the City Manager to approve four oneyear renewals to the Ace Uniforms Master Agreement in an annual amount of $32,000, at the City’s discretion and contingent on availability of the corresponding budget; and
3. Approve and authorize the City Manager to execute a master agreement for professional oncall services with Macro Industries, Inc. for custom apparel services in the amount of $32,000 for FY 2024/2025; and
4. Authorize the City Manager to approve four oneyear renewals to the Macro Industries, Inc. Master Agreement in an annual amount of $32,000, at the City’s discretion and contingent on availability of the corresponding budget.
10.11 Agreement with Riverside County Flood Control and Water Conservation District, County of Riverside, and D.R. Horton for the Menifee Valley – Holland Road Channel, Stage 1
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Cooperative Agreement to guarantee the completion of the required flood control facility improvements associated with County of Riverside Tract Map 37439 by D.R. Horton Los Angeles Holding Company, Inc., located east of Briggs Road and south of Holland Road, in the unincorporated area of the County of Riverside.
10.12 Agreement Amendment with Rincon Consultants, Inc. for OnCall Planning Services for the Legado Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute Amendment No. 4 to the Professional Services Agreement with Rincon Consultants, Inc. for oncall planning services for the Legado Project, increasing the amount by $30,000 for a total nottoexceed amount of $65,000.
10.13 Final Map, Agreement, and Bonds for Tract Map 366584, Cimarron Ridge, by Pulte Homes Company, LLC
RECOMMENDED ACTION
1. Approve and authorize the filing of the final map for Tract Map 366584, Cimmaron Ridge, by Pulte Homes Company, LLC, located west of Valley Boulevard and south of McLaughlin Road; and
2. Approve and authorize the City Manager to execute the subdivision improvement agreement to guarantee completion of the required onsite improvements associated with Tract Map 366584.
10.14 Final Map, Agreement, and Bonds for Parcel Map 37624, Heritage Square, by Heritage Square Menifee, LLC
RECOMMENDED ACTION
1. Approve and authorize the filing of Parcel Map 37624, Heritage Square, by Heritage Square Menifee, LLC, located north of McCall Boulevard and west of Menifee Road; and
2. Approve and authorize the City Manager to execute a subdivision improvement agreement to guarantee completion of required public improvements associated with Parcel Map 37624.
10.15 Notice of Completion and Acceptance for the Romoland Grid Area – 3rd Street – ATP Project
RECOMMENDED ACTION
1. Accept the improvements for the Romoland Grid Area – 3 rd Street – ATP Project, Capital Improvement Program (CIP) Project No. 2304, located along 3rd Street northeast of Highway 74, west of Antelope Road, and south of Watson Road; and
2. Authorize the City Clerk to file a Notice of Completion with the Riverside County Recorder’s Office.
11. PUBLIC HEARING ITEMS
11.1 Appeal of the Murrieta Road Warehouse Project
RECOMMENDED ACTION
1. Adopt a resolution approving Appeal No. PLN240214 overturning the Planning Commission’s decision and certifying the Environmental Impact Report (State Clearinghouse No. 2023110162), and adopting the Findings of Fact, Statement of Overriding Considerations, and Mitigation Monitoring and Reporting Program; and
2. Adopt a resolution approving Appeal No. PLN240214 overturning the Planning Commission’s decision and approving Plot Plan No. PLN220179 generally located south of Floyd Avenue, east of Geary Street, west of Murrieta Road, and north of McLaughlin Road.
12. DISCUSSION ITEMS
12.1 City Council Recognition Policy Amendment
RECOMMENDED ACTION
1. Review and provide additional direction on parameters for a Key to the City Program; or
2. Approve the amended City Council Recognition Policy (Policy No. CC24), incorporating guidelines for the Key to the City recognition.
13. CITY ATTORNEY REPORTS
14. CITY MANAGER REPORTS
15. FUTURE AGENDA REQUESTS FROM COUNCIL MEMBERS
> Road Name Change of Haun Road (Sobek, June 5, 2024)
Target Date: TBD
> Feasibility of Paving Dirt Roads in the City (Estrada, June 5, 2024) Target Date: TBD
> September 11th Remembrance Day Event/Tribute (Sobek, September 18, 2024) Target Date: TBD
> Discussion on the EDC – NG Land Uses and General Plan (Estrada, November 20, 2024) Target Date: TBD
> Discussion on Esthetic Enhancements to the Menifee Operations Center Frontage (Karwin, November 20, 2024)
Target Date: TBD
> Joint Workshop for Planning and Council on Land Use/Role of a Planning Commissioner (Zimmerman, November 20, 2024)
Target Date: TBD
16. ADJOURN
Decorum Policy Notes
The Council anticipates and encourages public participation at its Council meeting, both on agenda items and during the public comments period. Please turn your cell phones off, refrain from talking in the audience or outbursts that may be disruptive. We encourage participation and ask for a mutual respect for the proceedings.
Staff Reports
Materials related to an item on this agenda, including those submitted to the City Council after distribution of the agenda packet, are available for public inspection by contacting the City Clerk Department, at (951) 6726777 or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours.
Compliance with the Americans with Disabilities Act
If you need special assistance to participate in this meeting, you should contact the City Clerk Department at (951) 6726777 or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours. Notification 72 hours prior to the meeting will enable the City to make reasonable arrangements to assure accessibility to this meeting.
Menifee Mayor and City Council
December 4, 2024
Page
3 of 1648
City Council Chambers
29844 Haun Road
Menifee, CA 92586
Bill Zimmerman, Mayor
Bob Karwin, District 1
Ricky Estrada,District 2
Lesa Sobek, District 3
Dean Deines, District 4
AGENDA
Menifee City Council
Regular Meeting Agenda
Wednesday, December 4, 2024
5:00 PM Closed Session
6:00 PM Regular Meeting
Armando G. Villa, City Manager
Jeffrey T. Melching, City
Attorney
Stephanie Roseen, Acting City
Clerk
CLOSED SESSION (5:00 PM)
1. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 City of Perris v. City of Menifee, Riverside County Superior Court Case No.
CVRI230303456
2. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 City of Menifee v. City of Perris, Riverside County Superior Court Case No.
CVRI2203040
3. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, SIGNIFICANT EXPOSURE TO LITIGATION
Gov. Code Section 54956.9(d)(2) or (3): Two cases
4. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, INITIATION OF LITIGATION
Government Code section 54956.9(d)(4): Two cases
5. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 Showprop Menifee DE, LLC v. City of Menifee, Riverside County Superior Court Case No. CVRI2402960
6. CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Government Code § 54956.8)
Property: Assessor’s Parcel Numbers 360340005, 360340006, and 360340007 Agency Negotiators: Armando G. Villa, City Manager; Bryan Jones, Assistant City Manager; Jeffrey Melching, City Attorney
Negotiating Parties: City of Menifee and Jack William Wickerd; Under Negotiation: Price and Terms of Payment
REGULAR MEETING (6:00 PM)
1. CALL TO ORDER
2. ROLL CALL
3. WORDS OF INSPIRATION
3.1. Lupita Ramirez – Women’s Relief Society President, Menifee Church of Jesus Christ of Latterday Saints
4. PLEDGE OF ALLEGIANCE
5. PRESENTATIONS
5.1. Citizen of the Month – Anita Russell
5.2. Recognition of Teacher of the Year Misty McBee
6. AGENDA APPROVAL OR MODIFICATIONS
7. PUBLIC COMMENTS (NONAGENDA ITEMS)
This is the time for members of the public to address the Council about items which are NOT listed on the agenda. The Ralph M. Brown Act limits the Council’s ability to respon d to comments on nonagendized matters at the time such comments are made. Each speaker will be limited to three minutes on any single item.
8. COUNCILMEMBER UPDATES AND COMMENTS
9. APPROVAL OF MINUTES
9.1 November 20, 2024 Minutes
10. CONSENT CALENDAR
All matters on the Consent Calendar are to be approved in one motion unless a Councilmember requests a separate action on a specific item on the Consent Calendar. If an item is removed from the Consent Calendar, it will be discussed individually and acted upon separately. Unless otherwise directed by a member of the City Council, the vote on ordinance adoptions will reflect the prior action of each Councilmember when the ordinance was introduced. However, if a Councilmember is not present at the City Council meeting, their vote will be reflected as absent.
10.1 Waiver of Reading
RECOMMENDED ACTION
1. Waive the reading in full of any and all Ordinances listed on this agenda and provide that they be read by title only.
10.2 Treasurer's Report September 2024
RECOMMENDED ACTION
1. Receive and file the Quarterly Treasurer’s Report as of September 30, 2024.
10.3 Warrant Register
RECOMMENDED ACTION
1. Ratify and approve the Voucher Lists dated 10/25/2024, 11/1/2024 and 11/08/2024, the Payroll Register/Other EFTs dated 10/25/2024, 10/28/2024, 11/4/2024, 11/8/2024 and the Void Check Listing PE 10/31/2024 which have a total budgetary impact of $9,734,411.73.
10.4 Second Reading and Adoption of an Ordinance for Ethanac Business Park Specific Plan Amendment and Zone Change
RECOMMENDED ACTION
1. Adopt an ordinance approving Specific Plan Amendment No. PLN230175 and Zone Change No. PLN230174 for the Ethanac Business Park, generally located east of Trumble Road, south of Ethanac Road, west of Sherman Road and north of McLaughlin Road.
10.5 Memorandum of Understanding with the Menifee Police Officers Association (MPOA) RECOMMENDED ACTION
1. Adopt a resolution approving a successor Memorandum of Understanding (MOU) between the City and the Menifee Police Officers Association (MPOA), for the period of July 1, 2024 through June 30, 2027; and
2. Authorize the City Manager or their designee to execute and implement terms of the MOU and resolutions; and
3. Adopt a resolution approving the Classification and Compensation Plan known as the Authorized Position Listing.
10.6 Memorandum of Understanding with the Menifee Police Management Association (MPMA)
RECOMMENDED ACTION
1. Adopt a resolution approving a successor Memorandum of Understanding (MOU) between the City and the Menifee Police Management Association (MPMA) for the period of July 1, 2024 through June 30, 2027; and
2. Authorize the City Manager or their designee to execute and implement terms of the MOU and resolutions; and
3. Adopt a resolution approving the Classification and Compensation Plan known as the Authorized Position Listing.
10.7 Bid Award and Agreement with Hillcrest Contracting, Inc. for Construction Services for the Civic Center Parking Lot Project
RECOMMENDED ACTION
1. Award bid and authorize the City Manager to execute a Contract Services Agreement with Hillcrest Contracting, Inc. for construction services for the Civic Center Parking Lot, Capital Improvement Program (CIP) Project No. 2224, located south of Newport Road and east of Town Center Drive, for a total notto exceed amount of $3,292,946.60.
10.8 Community Services Department, Language Interpretation Services OnCall List RECOMMENDED ACTION
1. Approve the Community Services Department oncall list for language interpretation services for Fiscal Years 2024/2025 through 2029/2030.
10.9 Agreements with ETech360, Inc. and SDI Presence, LLC for AsNeeded Professional Information Technology Support Services
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a master agreement with ETech360, Inc. for professional asneeded service desk support for the Information Technology Department in an amount nottoexceed $100,000 for Fiscal Year (FY) 2024/2025; and
2. Authorize the City Manager to approve a oneyear renewal to the ETech360 master agreement for professional asneeded service desk support in an amount nottoexceed $100,000, contingent on budget availability; and
3. Approve and authorize the City Manager to execute a master agreement with SDI Presence, LLC for higher level technical support for special projects for the Information Technology Department in an amount nottoexceed $100,000 for FY 2024/2025; and
4. Authorize the City Manager to approve a oneyear renewal to the SDI Presence, LLC master agreement for higher level technical support for special projects in an amount nottoexceed $100,000, contingent on budget availability; and
5. Authorize the Finance Department to issue individual Purchase Orders on an asneeded basis against the executed agreements, nottoexceed the aggregate agreement amount approved for each year.
10.10 Agreements with Ace Uniforms and Macro Industries, Inc. for Professional OnCall Custom Apparel Services
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a master agreement for professional oncall services with Ace Uniforms for custom apparel services in the amount of $32,000 for Fiscal Year (FY) 2024/2025; and
2. Authorize the City Manager to approve four oneyear renewals to the Ace Uniforms Master Agreement in an annual amount of $32,000, at the City’s discretion and contingent on availability of the corresponding budget; and
3. Approve and authorize the City Manager to execute a master agreement for professional oncall services with Macro Industries, Inc. for custom apparel services in the amount of $32,000 for FY 2024/2025; and
4. Authorize the City Manager to approve four oneyear renewals to the Macro Industries, Inc. Master Agreement in an annual amount of $32,000, at the City’s discretion and contingent on availability of the corresponding budget.
10.11 Agreement with Riverside County Flood Control and Water Conservation District, County of Riverside, and D.R. Horton for the Menifee Valley – Holland Road Channel, Stage 1
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Cooperative Agreement to guarantee the completion of the required flood control facility improvements associated with County of Riverside Tract Map 37439 by D.R. Horton Los Angeles Holding Company, Inc., located east of Briggs Road and south of Holland Road, in the unincorporated area of the County of Riverside.
10.12 Agreement Amendment with Rincon Consultants, Inc. for OnCall Planning Services for the Legado Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute Amendment No. 4 to the Professional Services Agreement with Rincon Consultants, Inc. for oncall planning services for the Legado Project, increasing the amount by $30,000 for a total nottoexceed amount of $65,000.
10.13 Final Map, Agreement, and Bonds for Tract Map 366584, Cimarron Ridge, by Pulte Homes Company, LLC
RECOMMENDED ACTION
1. Approve and authorize the filing of the final map for Tract Map 366584, Cimmaron Ridge, by Pulte Homes Company, LLC, located west of Valley Boulevard and south of McLaughlin Road; and
2. Approve and authorize the City Manager to execute the subdivision improvement agreement to guarantee completion of the required onsite improvements associated with Tract Map 366584.
10.14 Final Map, Agreement, and Bonds for Parcel Map 37624, Heritage Square, by Heritage Square Menifee, LLC
RECOMMENDED ACTION
1. Approve and authorize the filing of Parcel Map 37624, Heritage Square, by Heritage Square Menifee, LLC, located north of McCall Boulevard and west of Menifee Road; and
2. Approve and authorize the City Manager to execute a subdivision improvement agreement to guarantee completion of required public improvements associated with Parcel Map 37624.
10.15 Notice of Completion and Acceptance for the Romoland Grid Area – 3rd Street – ATP Project
RECOMMENDED ACTION
1. Accept the improvements for the Romoland Grid Area – 3 rd Street – ATP Project, Capital Improvement Program (CIP) Project No. 2304, located along 3rd Street northeast of Highway 74, west of Antelope Road, and south of Watson Road; and
2. Authorize the City Clerk to file a Notice of Completion with the Riverside County Recorder’s Office.
11. PUBLIC HEARING ITEMS
11.1 Appeal of the Murrieta Road Warehouse Project
RECOMMENDED ACTION
1. Adopt a resolution approving Appeal No. PLN240214 overturning the Planning Commission’s decision and certifying the Environmental Impact Report (State Clearinghouse No. 2023110162), and adopting the Findings of Fact, Statement of Overriding Considerations, and Mitigation Monitoring and Reporting Program; and
2. Adopt a resolution approving Appeal No. PLN240214 overturning the Planning Commission’s decision and approving Plot Plan No. PLN220179 generally located south of Floyd Avenue, east of Geary Street, west of Murrieta Road, and north of McLaughlin Road.
12. DISCUSSION ITEMS
12.1 City Council Recognition Policy Amendment
RECOMMENDED ACTION
1. Review and provide additional direction on parameters for a Key to the City Program; or
2. Approve the amended City Council Recognition Policy (Policy No. CC24), incorporating guidelines for the Key to the City recognition.
13. CITY ATTORNEY REPORTS
14. CITY MANAGER REPORTS
15. FUTURE AGENDA REQUESTS FROM COUNCIL MEMBERS
> Road Name Change of Haun Road (Sobek, June 5, 2024)
Target Date: TBD
> Feasibility of Paving Dirt Roads in the City (Estrada, June 5, 2024) Target Date: TBD
> September 11th Remembrance Day Event/Tribute (Sobek, September 18, 2024) Target Date: TBD
> Discussion on the EDC – NG Land Uses and General Plan (Estrada, November 20, 2024) Target Date: TBD
> Discussion on Esthetic Enhancements to the Menifee Operations Center Frontage (Karwin, November 20, 2024)
Target Date: TBD
> Joint Workshop for Planning and Council on Land Use/Role of a Planning Commissioner (Zimmerman, November 20, 2024)
Target Date: TBD
16. ADJOURN
Decorum Policy Notes
The Council anticipates and encourages public participation at its Council meeting, both on agenda items and during the public comments period. Please turn your cell phones off, refrain from talking in the audience or outbursts that may be disruptive. We encourage participation and ask for a mutual respect for the proceedings.
Staff Reports
Materials related to an item on this agenda, including those submitted to the City Council after distribution of the agenda packet, are available for public inspection by contacting the City Clerk Department, at (951) 6726777 or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours.
Compliance with the Americans with Disabilities Act
If you need special assistance to participate in this meeting, you should contact the City Clerk Department at (951) 6726777 or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours. Notification 72 hours prior to the meeting will enable the City to make reasonable arrangements to assure accessibility to this meeting.
Menifee Mayor and City Council
December 4, 2024
Page
4 of 1648
City Council Chambers
29844 Haun Road
Menifee, CA 92586
Bill Zimmerman, Mayor
Bob Karwin, District 1
Ricky Estrada,District 2
Lesa Sobek, District 3
Dean Deines, District 4
AGENDA
Menifee City Council
Regular Meeting Agenda
Wednesday, December 4, 2024
5:00 PM Closed Session
6:00 PM Regular Meeting
Armando G. Villa, City Manager
Jeffrey T. Melching, City
Attorney
Stephanie Roseen, Acting City
Clerk
CLOSED SESSION (5:00 PM)
1. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 City of Perris v. City of Menifee, Riverside County Superior Court Case No.
CVRI230303456
2. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 City of Menifee v. City of Perris, Riverside County Superior Court Case No.
CVRI2203040
3. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, SIGNIFICANT EXPOSURE TO LITIGATION
Gov. Code Section 54956.9(d)(2) or (3): Two cases
4. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, INITIATION OF LITIGATION
Government Code section 54956.9(d)(4): Two cases
5. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 Showprop Menifee DE, LLC v. City of Menifee, Riverside County Superior Court Case No. CVRI2402960
6. CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Government Code § 54956.8)
Property: Assessor’s Parcel Numbers 360340005, 360340006, and 360340007 Agency Negotiators: Armando G. Villa, City Manager; Bryan Jones, Assistant City Manager; Jeffrey Melching, City Attorney
Negotiating Parties: City of Menifee and Jack William Wickerd; Under Negotiation: Price and Terms of Payment
REGULAR MEETING (6:00 PM)
1. CALL TO ORDER
2. ROLL CALL
3. WORDS OF INSPIRATION
3.1. Lupita Ramirez – Women’s Relief Society President, Menifee Church of Jesus Christ of Latterday Saints
4. PLEDGE OF ALLEGIANCE
5. PRESENTATIONS
5.1. Citizen of the Month – Anita Russell
5.2. Recognition of Teacher of the Year Misty McBee
6. AGENDA APPROVAL OR MODIFICATIONS
7. PUBLIC COMMENTS (NONAGENDA ITEMS)
This is the time for members of the public to address the Council about items which are NOT listed on the agenda. The Ralph M. Brown Act limits the Council’s ability to respon d to comments on nonagendized matters at the time such comments are made. Each speaker will be limited to three minutes on any single item.
8. COUNCILMEMBER UPDATES AND COMMENTS
9. APPROVAL OF MINUTES
9.1 November 20, 2024 Minutes
10. CONSENT CALENDAR
All matters on the Consent Calendar are to be approved in one motion unless a Councilmember requests a separate action on a specific item on the Consent Calendar. If an item is removed from the Consent Calendar, it will be discussed individually and acted upon separately. Unless otherwise directed by a member of the City Council, the vote on ordinance adoptions will reflect the prior action of each Councilmember when the ordinance was introduced. However, if a Councilmember is not present at the City Council meeting, their vote will be reflected as absent.
10.1 Waiver of Reading
RECOMMENDED ACTION
1. Waive the reading in full of any and all Ordinances listed on this agenda and provide that they be read by title only.
10.2 Treasurer's Report September 2024
RECOMMENDED ACTION
1. Receive and file the Quarterly Treasurer’s Report as of September 30, 2024.
10.3 Warrant Register
RECOMMENDED ACTION
1. Ratify and approve the Voucher Lists dated 10/25/2024, 11/1/2024 and 11/08/2024, the Payroll Register/Other EFTs dated 10/25/2024, 10/28/2024, 11/4/2024, 11/8/2024 and the Void Check Listing PE 10/31/2024 which have a total budgetary impact of $9,734,411.73.
10.4 Second Reading and Adoption of an Ordinance for Ethanac Business Park Specific Plan Amendment and Zone Change
RECOMMENDED ACTION
1. Adopt an ordinance approving Specific Plan Amendment No. PLN230175 and Zone Change No. PLN230174 for the Ethanac Business Park, generally located east of Trumble Road, south of Ethanac Road, west of Sherman Road and north of McLaughlin Road.
10.5 Memorandum of Understanding with the Menifee Police Officers Association (MPOA) RECOMMENDED ACTION
1. Adopt a resolution approving a successor Memorandum of Understanding (MOU) between the City and the Menifee Police Officers Association (MPOA), for the period of July 1, 2024 through June 30, 2027; and
2. Authorize the City Manager or their designee to execute and implement terms of the MOU and resolutions; and
3. Adopt a resolution approving the Classification and Compensation Plan known as the Authorized Position Listing.
10.6 Memorandum of Understanding with the Menifee Police Management Association (MPMA)
RECOMMENDED ACTION
1. Adopt a resolution approving a successor Memorandum of Understanding (MOU) between the City and the Menifee Police Management Association (MPMA) for the period of July 1, 2024 through June 30, 2027; and
2. Authorize the City Manager or their designee to execute and implement terms of the MOU and resolutions; and
3. Adopt a resolution approving the Classification and Compensation Plan known as the Authorized Position Listing.
10.7 Bid Award and Agreement with Hillcrest Contracting, Inc. for Construction Services for the Civic Center Parking Lot Project
RECOMMENDED ACTION
1. Award bid and authorize the City Manager to execute a Contract Services Agreement with Hillcrest Contracting, Inc. for construction services for the Civic Center Parking Lot, Capital Improvement Program (CIP) Project No. 2224, located south of Newport Road and east of Town Center Drive, for a total notto exceed amount of $3,292,946.60.
10.8 Community Services Department, Language Interpretation Services OnCall List RECOMMENDED ACTION
1. Approve the Community Services Department oncall list for language interpretation services for Fiscal Years 2024/2025 through 2029/2030.
10.9 Agreements with ETech360, Inc. and SDI Presence, LLC for AsNeeded Professional Information Technology Support Services
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a master agreement with ETech360, Inc. for professional asneeded service desk support for the Information Technology Department in an amount nottoexceed $100,000 for Fiscal Year (FY) 2024/2025; and
2. Authorize the City Manager to approve a oneyear renewal to the ETech360 master agreement for professional asneeded service desk support in an amount nottoexceed $100,000, contingent on budget availability; and
3. Approve and authorize the City Manager to execute a master agreement with SDI Presence, LLC for higher level technical support for special projects for the Information Technology Department in an amount nottoexceed $100,000 for FY 2024/2025; and
4. Authorize the City Manager to approve a oneyear renewal to the SDI Presence, LLC master agreement for higher level technical support for special projects in an amount nottoexceed $100,000, contingent on budget availability; and
5. Authorize the Finance Department to issue individual Purchase Orders on an asneeded basis against the executed agreements, nottoexceed the aggregate agreement amount approved for each year.
10.10 Agreements with Ace Uniforms and Macro Industries, Inc. for Professional OnCall Custom Apparel Services
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a master agreement for professional oncall services with Ace Uniforms for custom apparel services in the amount of $32,000 for Fiscal Year (FY) 2024/2025; and
2. Authorize the City Manager to approve four oneyear renewals to the Ace Uniforms Master Agreement in an annual amount of $32,000, at the City’s discretion and contingent on availability of the corresponding budget; and
3. Approve and authorize the City Manager to execute a master agreement for professional oncall services with Macro Industries, Inc. for custom apparel services in the amount of $32,000 for FY 2024/2025; and
4. Authorize the City Manager to approve four oneyear renewals to the Macro Industries, Inc. Master Agreement in an annual amount of $32,000, at the City’s discretion and contingent on availability of the corresponding budget.
10.11 Agreement with Riverside County Flood Control and Water Conservation District, County of Riverside, and D.R. Horton for the Menifee Valley – Holland Road Channel, Stage 1
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Cooperative Agreement to guarantee the completion of the required flood control facility improvements associated with County of Riverside Tract Map 37439 by D.R. Horton Los Angeles Holding Company, Inc., located east of Briggs Road and south of Holland Road, in the unincorporated area of the County of Riverside.
10.12 Agreement Amendment with Rincon Consultants, Inc. for OnCall Planning Services for the Legado Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute Amendment No. 4 to the Professional Services Agreement with Rincon Consultants, Inc. for oncall planning services for the Legado Project, increasing the amount by $30,000 for a total nottoexceed amount of $65,000.
10.13 Final Map, Agreement, and Bonds for Tract Map 366584, Cimarron Ridge, by Pulte Homes Company, LLC
RECOMMENDED ACTION
1. Approve and authorize the filing of the final map for Tract Map 366584, Cimmaron Ridge, by Pulte Homes Company, LLC, located west of Valley Boulevard and south of McLaughlin Road; and
2. Approve and authorize the City Manager to execute the subdivision improvement agreement to guarantee completion of the required onsite improvements associated with Tract Map 366584.
10.14 Final Map, Agreement, and Bonds for Parcel Map 37624, Heritage Square, by Heritage Square Menifee, LLC
RECOMMENDED ACTION
1. Approve and authorize the filing of Parcel Map 37624, Heritage Square, by Heritage Square Menifee, LLC, located north of McCall Boulevard and west of Menifee Road; and
2. Approve and authorize the City Manager to execute a subdivision improvement agreement to guarantee completion of required public improvements associated with Parcel Map 37624.
10.15 Notice of Completion and Acceptance for the Romoland Grid Area – 3rd Street – ATP Project
RECOMMENDED ACTION
1. Accept the improvements for the Romoland Grid Area – 3 rd Street – ATP Project, Capital Improvement Program (CIP) Project No. 2304, located along 3rd Street northeast of Highway 74, west of Antelope Road, and south of Watson Road; and
2. Authorize the City Clerk to file a Notice of Completion with the Riverside County Recorder’s Office.
11. PUBLIC HEARING ITEMS
11.1 Appeal of the Murrieta Road Warehouse Project
RECOMMENDED ACTION
1. Adopt a resolution approving Appeal No. PLN240214 overturning the Planning Commission’s decision and certifying the Environmental Impact Report (State Clearinghouse No. 2023110162), and adopting the Findings of Fact, Statement of Overriding Considerations, and Mitigation Monitoring and Reporting Program; and
2. Adopt a resolution approving Appeal No. PLN240214 overturning the Planning Commission’s decision and approving Plot Plan No. PLN220179 generally located south of Floyd Avenue, east of Geary Street, west of Murrieta Road, and north of McLaughlin Road.
12. DISCUSSION ITEMS
12.1 City Council Recognition Policy Amendment
RECOMMENDED ACTION
1. Review and provide additional direction on parameters for a Key to the City Program; or
2. Approve the amended City Council Recognition Policy (Policy No. CC24), incorporating guidelines for the Key to the City recognition.
13. CITY ATTORNEY REPORTS
14. CITY MANAGER REPORTS
15. FUTURE AGENDA REQUESTS FROM COUNCIL MEMBERS
> Road Name Change of Haun Road (Sobek, June 5, 2024)
Target Date: TBD
> Feasibility of Paving Dirt Roads in the City (Estrada, June 5, 2024) Target Date: TBD
> September 11th Remembrance Day Event/Tribute (Sobek, September 18, 2024) Target Date: TBD
> Discussion on the EDC – NG Land Uses and General Plan (Estrada, November 20, 2024) Target Date: TBD
> Discussion on Esthetic Enhancements to the Menifee Operations Center Frontage (Karwin, November 20, 2024)
Target Date: TBD
> Joint Workshop for Planning and Council on Land Use/Role of a Planning Commissioner (Zimmerman, November 20, 2024)
Target Date: TBD
16. ADJOURN
Decorum Policy Notes
The Council anticipates and encourages public participation at its Council meeting, both on agenda items and during the public comments period. Please turn your cell phones off, refrain from talking in the audience or outbursts that may be disruptive. We encourage participation and ask for a mutual respect for the proceedings.
Staff Reports
Materials related to an item on this agenda, including those submitted to the City Council after distribution of the agenda packet, are available for public inspection by contacting the City Clerk Department, at (951) 6726777 or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours.
Compliance with the Americans with Disabilities Act
If you need special assistance to participate in this meeting, you should contact the City Clerk Department at (951) 6726777 or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours. Notification 72 hours prior to the meeting will enable the City to make reasonable arrangements to assure accessibility to this meeting.
Menifee Mayor and City Council
December 4, 2024
Page
5 of 1648
City Council Chambers
29844 Haun Road
Menifee, CA 92586
Bill Zimmerman, Mayor
Bob Karwin, District 1
Ricky Estrada,District 2
Lesa Sobek, District 3
Dean Deines, District 4
AGENDA
Menifee City Council
Regular Meeting Agenda
Wednesday, December 4, 2024
5:00 PM Closed Session
6:00 PM Regular Meeting
Armando G. Villa, City Manager
Jeffrey T. Melching, City
Attorney
Stephanie Roseen, Acting City
Clerk
CLOSED SESSION (5:00 PM)
1. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 City of Perris v. City of Menifee, Riverside County Superior Court Case No.
CVRI230303456
2. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 City of Menifee v. City of Perris, Riverside County Superior Court Case No.
CVRI2203040
3. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, SIGNIFICANT EXPOSURE TO LITIGATION
Gov. Code Section 54956.9(d)(2) or (3): Two cases
4. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, INITIATION OF LITIGATION
Government Code section 54956.9(d)(4): Two cases
5. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 Showprop Menifee DE, LLC v. City of Menifee, Riverside County Superior Court Case No. CVRI2402960
6. CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Government Code § 54956.8)
Property: Assessor’s Parcel Numbers 360340005, 360340006, and 360340007 Agency Negotiators: Armando G. Villa, City Manager; Bryan Jones, Assistant City Manager; Jeffrey Melching, City Attorney
Negotiating Parties: City of Menifee and Jack William Wickerd; Under Negotiation: Price and Terms of Payment
REGULAR MEETING (6:00 PM)
1. CALL TO ORDER
2. ROLL CALL
3. WORDS OF INSPIRATION
3.1. Lupita Ramirez – Women’s Relief Society President, Menifee Church of Jesus Christ of Latterday Saints
4. PLEDGE OF ALLEGIANCE
5. PRESENTATIONS
5.1. Citizen of the Month – Anita Russell
5.2. Recognition of Teacher of the Year Misty McBee
6. AGENDA APPROVAL OR MODIFICATIONS
7. PUBLIC COMMENTS (NONAGENDA ITEMS)
This is the time for members of the public to address the Council about items which are NOT listed on the agenda. The Ralph M. Brown Act limits the Council’s ability to respon d to comments on nonagendized matters at the time such comments are made. Each speaker will be limited to three minutes on any single item.
8. COUNCILMEMBER UPDATES AND COMMENTS
9. APPROVAL OF MINUTES
9.1 November 20, 2024 Minutes
10. CONSENT CALENDAR
All matters on the Consent Calendar are to be approved in one motion unless a Councilmember requests a separate action on a specific item on the Consent Calendar. If an item is removed from the Consent Calendar, it will be discussed individually and acted upon separately. Unless otherwise directed by a member of the City Council, the vote on ordinance adoptions will reflect the prior action of each Councilmember when the ordinance was introduced. However, if a Councilmember is not present at the City Council meeting, their vote will be reflected as absent.
10.1 Waiver of Reading
RECOMMENDED ACTION
1. Waive the reading in full of any and all Ordinances listed on this agenda and provide that they be read by title only.
10.2 Treasurer's Report September 2024
RECOMMENDED ACTION
1. Receive and file the Quarterly Treasurer’s Report as of September 30, 2024.
10.3 Warrant Register
RECOMMENDED ACTION
1. Ratify and approve the Voucher Lists dated 10/25/2024, 11/1/2024 and 11/08/2024, the Payroll Register/Other EFTs dated 10/25/2024, 10/28/2024, 11/4/2024, 11/8/2024 and the Void Check Listing PE 10/31/2024 which have a total budgetary impact of $9,734,411.73.
10.4 Second Reading and Adoption of an Ordinance for Ethanac Business Park Specific Plan Amendment and Zone Change
RECOMMENDED ACTION
1. Adopt an ordinance approving Specific Plan Amendment No. PLN230175 and Zone Change No. PLN230174 for the Ethanac Business Park, generally located east of Trumble Road, south of Ethanac Road, west of Sherman Road and north of McLaughlin Road.
10.5 Memorandum of Understanding with the Menifee Police Officers Association (MPOA) RECOMMENDED ACTION
1. Adopt a resolution approving a successor Memorandum of Understanding (MOU) between the City and the Menifee Police Officers Association (MPOA), for the period of July 1, 2024 through June 30, 2027; and
2. Authorize the City Manager or their designee to execute and implement terms of the MOU and resolutions; and
3. Adopt a resolution approving the Classification and Compensation Plan known as the Authorized Position Listing.
10.6 Memorandum of Understanding with the Menifee Police Management Association (MPMA)
RECOMMENDED ACTION
1. Adopt a resolution approving a successor Memorandum of Understanding (MOU) between the City and the Menifee Police Management Association (MPMA) for the period of July 1, 2024 through June 30, 2027; and
2. Authorize the City Manager or their designee to execute and implement terms of the MOU and resolutions; and
3. Adopt a resolution approving the Classification and Compensation Plan known as the Authorized Position Listing.
10.7 Bid Award and Agreement with Hillcrest Contracting, Inc. for Construction Services for the Civic Center Parking Lot Project
RECOMMENDED ACTION
1. Award bid and authorize the City Manager to execute a Contract Services Agreement with Hillcrest Contracting, Inc. for construction services for the Civic Center Parking Lot, Capital Improvement Program (CIP) Project No. 2224, located south of Newport Road and east of Town Center Drive, for a total notto exceed amount of $3,292,946.60.
10.8 Community Services Department, Language Interpretation Services OnCall List RECOMMENDED ACTION
1. Approve the Community Services Department oncall list for language interpretation services for Fiscal Years 2024/2025 through 2029/2030.
10.9 Agreements with ETech360, Inc. and SDI Presence, LLC for AsNeeded Professional Information Technology Support Services
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a master agreement with ETech360, Inc. for professional asneeded service desk support for the Information Technology Department in an amount nottoexceed $100,000 for Fiscal Year (FY) 2024/2025; and
2. Authorize the City Manager to approve a oneyear renewal to the ETech360 master agreement for professional asneeded service desk support in an amount nottoexceed $100,000, contingent on budget availability; and
3. Approve and authorize the City Manager to execute a master agreement with SDI Presence, LLC for higher level technical support for special projects for the Information Technology Department in an amount nottoexceed $100,000 for FY 2024/2025; and
4. Authorize the City Manager to approve a oneyear renewal to the SDI Presence, LLC master agreement for higher level technical support for special projects in an amount nottoexceed $100,000, contingent on budget availability; and
5. Authorize the Finance Department to issue individual Purchase Orders on an asneeded basis against the executed agreements, nottoexceed the aggregate agreement amount approved for each year.
10.10 Agreements with Ace Uniforms and Macro Industries, Inc. for Professional OnCall Custom Apparel Services
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a master agreement for professional oncall services with Ace Uniforms for custom apparel services in the amount of $32,000 for Fiscal Year (FY) 2024/2025; and
2. Authorize the City Manager to approve four oneyear renewals to the Ace Uniforms Master Agreement in an annual amount of $32,000, at the City’s discretion and contingent on availability of the corresponding budget; and
3. Approve and authorize the City Manager to execute a master agreement for professional oncall services with Macro Industries, Inc. for custom apparel services in the amount of $32,000 for FY 2024/2025; and
4. Authorize the City Manager to approve four oneyear renewals to the Macro Industries, Inc. Master Agreement in an annual amount of $32,000, at the City’s discretion and contingent on availability of the corresponding budget.
10.11 Agreement with Riverside County Flood Control and Water Conservation District, County of Riverside, and D.R. Horton for the Menifee Valley – Holland Road Channel, Stage 1
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Cooperative Agreement to guarantee the completion of the required flood control facility improvements associated with County of Riverside Tract Map 37439 by D.R. Horton Los Angeles Holding Company, Inc., located east of Briggs Road and south of Holland Road, in the unincorporated area of the County of Riverside.
10.12 Agreement Amendment with Rincon Consultants, Inc. for OnCall Planning Services for the Legado Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute Amendment No. 4 to the Professional Services Agreement with Rincon Consultants, Inc. for oncall planning services for the Legado Project, increasing the amount by $30,000 for a total nottoexceed amount of $65,000.
10.13 Final Map, Agreement, and Bonds for Tract Map 366584, Cimarron Ridge, by Pulte Homes Company, LLC
RECOMMENDED ACTION
1. Approve and authorize the filing of the final map for Tract Map 366584, Cimmaron Ridge, by Pulte Homes Company, LLC, located west of Valley Boulevard and south of McLaughlin Road; and
2. Approve and authorize the City Manager to execute the subdivision improvement agreement to guarantee completion of the required onsite improvements associated with Tract Map 366584.
10.14 Final Map, Agreement, and Bonds for Parcel Map 37624, Heritage Square, by Heritage Square Menifee, LLC
RECOMMENDED ACTION
1. Approve and authorize the filing of Parcel Map 37624, Heritage Square, by Heritage Square Menifee, LLC, located north of McCall Boulevard and west of Menifee Road; and
2. Approve and authorize the City Manager to execute a subdivision improvement agreement to guarantee completion of required public improvements associated with Parcel Map 37624.
10.15 Notice of Completion and Acceptance for the Romoland Grid Area – 3rd Street – ATP Project
RECOMMENDED ACTION
1. Accept the improvements for the Romoland Grid Area – 3 rd Street – ATP Project, Capital Improvement Program (CIP) Project No. 2304, located along 3rd Street northeast of Highway 74, west of Antelope Road, and south of Watson Road; and
2. Authorize the City Clerk to file a Notice of Completion with the Riverside County Recorder’s Office.
11. PUBLIC HEARING ITEMS
11.1 Appeal of the Murrieta Road Warehouse Project
RECOMMENDED ACTION
1. Adopt a resolution approving Appeal No. PLN240214 overturning the Planning Commission’s decision and certifying the Environmental Impact Report (State Clearinghouse No. 2023110162), and adopting the Findings of Fact, Statement of Overriding Considerations, and Mitigation Monitoring and Reporting Program; and
2. Adopt a resolution approving Appeal No. PLN240214 overturning the Planning Commission’s decision and approving Plot Plan No. PLN220179 generally located south of Floyd Avenue, east of Geary Street, west of Murrieta Road, and north of McLaughlin Road.
12. DISCUSSION ITEMS
12.1 City Council Recognition Policy Amendment
RECOMMENDED ACTION
1. Review and provide additional direction on parameters for a Key to the City Program; or
2. Approve the amended City Council Recognition Policy (Policy No. CC24), incorporating guidelines for the Key to the City recognition.
13. CITY ATTORNEY REPORTS
14. CITY MANAGER REPORTS
15. FUTURE AGENDA REQUESTS FROM COUNCIL MEMBERS
> Road Name Change of Haun Road (Sobek, June 5, 2024)
Target Date: TBD
> Feasibility of Paving Dirt Roads in the City (Estrada, June 5, 2024) Target Date: TBD
> September 11th Remembrance Day Event/Tribute (Sobek, September 18, 2024) Target Date: TBD
> Discussion on the EDC – NG Land Uses and General Plan (Estrada, November 20, 2024) Target Date: TBD
> Discussion on Esthetic Enhancements to the Menifee Operations Center Frontage (Karwin, November 20, 2024)
Target Date: TBD
> Joint Workshop for Planning and Council on Land Use/Role of a Planning Commissioner (Zimmerman, November 20, 2024)
Target Date: TBD
16. ADJOURN
Decorum Policy Notes
The Council anticipates and encourages public participation at its Council meeting, both on agenda items and during the public comments period. Please turn your cell phones off, refrain from talking in the audience or outbursts that may be disruptive. We encourage participation and ask for a mutual respect for the proceedings.
Staff Reports
Materials related to an item on this agenda, including those submitted to the City Council after distribution of the agenda packet, are available for public inspection by contacting the City Clerk Department, at (951) 6726777 or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours.
Compliance with the Americans with Disabilities Act
If you need special assistance to participate in this meeting, you should contact the City Clerk Department at (951) 6726777 or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours. Notification 72 hours prior to the meeting will enable the City to make reasonable arrangements to assure accessibility to this meeting.
Menifee Mayor and City Council
December 4, 2024
Page
6 of 1648
City Council Chambers
29844 Haun Road
Menifee, CA 92586
Bill Zimmerman, Mayor
Bob Karwin, District 1
Ricky Estrada,District 2
Lesa Sobek, District 3
Dean Deines, District 4
AGENDA
Menifee City Council
Regular Meeting Agenda
Wednesday, December 4, 2024
5:00 PM Closed Session
6:00 PM Regular Meeting
Armando G. Villa, City Manager
Jeffrey T. Melching, City
Attorney
Stephanie Roseen, Acting City
Clerk
CLOSED SESSION (5:00 PM)
1. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 City of Perris v. City of Menifee, Riverside County Superior Court Case No.
CVRI230303456
2. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 City of Menifee v. City of Perris, Riverside County Superior Court Case No.
CVRI2203040
3. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, SIGNIFICANT EXPOSURE TO LITIGATION
Gov. Code Section 54956.9(d)(2) or (3): Two cases
4. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, INITIATION OF LITIGATION
Government Code section 54956.9(d)(4): Two cases
5. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 Showprop Menifee DE, LLC v. City of Menifee, Riverside County Superior Court Case No. CVRI2402960
6. CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Government Code § 54956.8)
Property: Assessor’s Parcel Numbers 360340005, 360340006, and 360340007 Agency Negotiators: Armando G. Villa, City Manager; Bryan Jones, Assistant City Manager; Jeffrey Melching, City Attorney
Negotiating Parties: City of Menifee and Jack William Wickerd; Under Negotiation: Price and Terms of Payment
REGULAR MEETING (6:00 PM)
1. CALL TO ORDER
2. ROLL CALL
3. WORDS OF INSPIRATION
3.1. Lupita Ramirez – Women’s Relief Society President, Menifee Church of Jesus Christ of Latterday Saints
4. PLEDGE OF ALLEGIANCE
5. PRESENTATIONS
5.1. Citizen of the Month – Anita Russell
5.2. Recognition of Teacher of the Year Misty McBee
6. AGENDA APPROVAL OR MODIFICATIONS
7. PUBLIC COMMENTS (NONAGENDA ITEMS)
This is the time for members of the public to address the Council about items which are NOT listed on the agenda. The Ralph M. Brown Act limits the Council’s ability to respon d to comments on nonagendized matters at the time such comments are made. Each speaker will be limited to three minutes on any single item.
8. COUNCILMEMBER UPDATES AND COMMENTS
9. APPROVAL OF MINUTES
9.1 November 20, 2024 Minutes
10. CONSENT CALENDAR
All matters on the Consent Calendar are to be approved in one motion unless a Councilmember requests a separate action on a specific item on the Consent Calendar. If an item is removed from the Consent Calendar, it will be discussed individually and acted upon separately. Unless otherwise directed by a member of the City Council, the vote on ordinance adoptions will reflect the prior action of each Councilmember when the ordinance was introduced. However, if a Councilmember is not present at the City Council meeting, their vote will be reflected as absent.
10.1 Waiver of Reading
RECOMMENDED ACTION
1. Waive the reading in full of any and all Ordinances listed on this agenda and provide that they be read by title only.
10.2 Treasurer's Report September 2024
RECOMMENDED ACTION
1. Receive and file the Quarterly Treasurer’s Report as of September 30, 2024.
10.3 Warrant Register
RECOMMENDED ACTION
1. Ratify and approve the Voucher Lists dated 10/25/2024, 11/1/2024 and 11/08/2024, the Payroll Register/Other EFTs dated 10/25/2024, 10/28/2024, 11/4/2024, 11/8/2024 and the Void Check Listing PE 10/31/2024 which have a total budgetary impact of $9,734,411.73.
10.4 Second Reading and Adoption of an Ordinance for Ethanac Business Park Specific Plan Amendment and Zone Change
RECOMMENDED ACTION
1. Adopt an ordinance approving Specific Plan Amendment No. PLN230175 and Zone Change No. PLN230174 for the Ethanac Business Park, generally located east of Trumble Road, south of Ethanac Road, west of Sherman Road and north of McLaughlin Road.
10.5 Memorandum of Understanding with the Menifee Police Officers Association (MPOA) RECOMMENDED ACTION
1. Adopt a resolution approving a successor Memorandum of Understanding (MOU) between the City and the Menifee Police Officers Association (MPOA), for the period of July 1, 2024 through June 30, 2027; and
2. Authorize the City Manager or their designee to execute and implement terms of the MOU and resolutions; and
3. Adopt a resolution approving the Classification and Compensation Plan known as the Authorized Position Listing.
10.6 Memorandum of Understanding with the Menifee Police Management Association (MPMA)
RECOMMENDED ACTION
1. Adopt a resolution approving a successor Memorandum of Understanding (MOU) between the City and the Menifee Police Management Association (MPMA) for the period of July 1, 2024 through June 30, 2027; and
2. Authorize the City Manager or their designee to execute and implement terms of the MOU and resolutions; and
3. Adopt a resolution approving the Classification and Compensation Plan known as the Authorized Position Listing.
10.7 Bid Award and Agreement with Hillcrest Contracting, Inc. for Construction Services for the Civic Center Parking Lot Project
RECOMMENDED ACTION
1. Award bid and authorize the City Manager to execute a Contract Services Agreement with Hillcrest Contracting, Inc. for construction services for the Civic Center Parking Lot, Capital Improvement Program (CIP) Project No. 2224, located south of Newport Road and east of Town Center Drive, for a total notto exceed amount of $3,292,946.60.
10.8 Community Services Department, Language Interpretation Services OnCall List RECOMMENDED ACTION
1. Approve the Community Services Department oncall list for language interpretation services for Fiscal Years 2024/2025 through 2029/2030.
10.9 Agreements with ETech360, Inc. and SDI Presence, LLC for AsNeeded Professional Information Technology Support Services
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a master agreement with ETech360, Inc. for professional asneeded service desk support for the Information Technology Department in an amount nottoexceed $100,000 for Fiscal Year (FY) 2024/2025; and
2. Authorize the City Manager to approve a oneyear renewal to the ETech360 master agreement for professional asneeded service desk support in an amount nottoexceed $100,000, contingent on budget availability; and
3. Approve and authorize the City Manager to execute a master agreement with SDI Presence, LLC for higher level technical support for special projects for the Information Technology Department in an amount nottoexceed $100,000 for FY 2024/2025; and
4. Authorize the City Manager to approve a oneyear renewal to the SDI Presence, LLC master agreement for higher level technical support for special projects in an amount nottoexceed $100,000, contingent on budget availability; and
5. Authorize the Finance Department to issue individual Purchase Orders on an asneeded basis against the executed agreements, nottoexceed the aggregate agreement amount approved for each year.
10.10 Agreements with Ace Uniforms and Macro Industries, Inc. for Professional OnCall Custom Apparel Services
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a master agreement for professional oncall services with Ace Uniforms for custom apparel services in the amount of $32,000 for Fiscal Year (FY) 2024/2025; and
2. Authorize the City Manager to approve four oneyear renewals to the Ace Uniforms Master Agreement in an annual amount of $32,000, at the City’s discretion and contingent on availability of the corresponding budget; and
3. Approve and authorize the City Manager to execute a master agreement for professional oncall services with Macro Industries, Inc. for custom apparel services in the amount of $32,000 for FY 2024/2025; and
4. Authorize the City Manager to approve four oneyear renewals to the Macro Industries, Inc. Master Agreement in an annual amount of $32,000, at the City’s discretion and contingent on availability of the corresponding budget.
10.11 Agreement with Riverside County Flood Control and Water Conservation District, County of Riverside, and D.R. Horton for the Menifee Valley – Holland Road Channel, Stage 1
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Cooperative Agreement to guarantee the completion of the required flood control facility improvements associated with County of Riverside Tract Map 37439 by D.R. Horton Los Angeles Holding Company, Inc., located east of Briggs Road and south of Holland Road, in the unincorporated area of the County of Riverside.
10.12 Agreement Amendment with Rincon Consultants, Inc. for OnCall Planning Services for the Legado Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute Amendment No. 4 to the Professional Services Agreement with Rincon Consultants, Inc. for oncall planning services for the Legado Project, increasing the amount by $30,000 for a total nottoexceed amount of $65,000.
10.13 Final Map, Agreement, and Bonds for Tract Map 366584, Cimarron Ridge, by Pulte Homes Company, LLC
RECOMMENDED ACTION
1. Approve and authorize the filing of the final map for Tract Map 366584, Cimmaron Ridge, by Pulte Homes Company, LLC, located west of Valley Boulevard and south of McLaughlin Road; and
2. Approve and authorize the City Manager to execute the subdivision improvement agreement to guarantee completion of the required onsite improvements associated with Tract Map 366584.
10.14 Final Map, Agreement, and Bonds for Parcel Map 37624, Heritage Square, by Heritage Square Menifee, LLC
RECOMMENDED ACTION
1. Approve and authorize the filing of Parcel Map 37624, Heritage Square, by Heritage Square Menifee, LLC, located north of McCall Boulevard and west of Menifee Road; and
2. Approve and authorize the City Manager to execute a subdivision improvement agreement to guarantee completion of required public improvements associated with Parcel Map 37624.
10.15 Notice of Completion and Acceptance for the Romoland Grid Area – 3rd Street – ATP Project
RECOMMENDED ACTION
1. Accept the improvements for the Romoland Grid Area – 3 rd Street – ATP Project, Capital Improvement Program (CIP) Project No. 2304, located along 3rd Street northeast of Highway 74, west of Antelope Road, and south of Watson Road; and
2. Authorize the City Clerk to file a Notice of Completion with the Riverside County Recorder’s Office.
11. PUBLIC HEARING ITEMS
11.1 Appeal of the Murrieta Road Warehouse Project
RECOMMENDED ACTION
1. Adopt a resolution approving Appeal No. PLN240214 overturning the Planning Commission’s decision and certifying the Environmental Impact Report (State Clearinghouse No. 2023110162), and adopting the Findings of Fact, Statement of Overriding Considerations, and Mitigation Monitoring and Reporting Program; and
2. Adopt a resolution approving Appeal No. PLN240214 overturning the Planning Commission’s decision and approving Plot Plan No. PLN220179 generally located south of Floyd Avenue, east of Geary Street, west of Murrieta Road, and north of McLaughlin Road.
12. DISCUSSION ITEMS
12.1 City Council Recognition Policy Amendment
RECOMMENDED ACTION
1. Review and provide additional direction on parameters for a Key to the City Program; or
2. Approve the amended City Council Recognition Policy (Policy No. CC24), incorporating guidelines for the Key to the City recognition.
13. CITY ATTORNEY REPORTS
14. CITY MANAGER REPORTS
15. FUTURE AGENDA REQUESTS FROM COUNCIL MEMBERS
> Road Name Change of Haun Road (Sobek, June 5, 2024)
Target Date: TBD
> Feasibility of Paving Dirt Roads in the City (Estrada, June 5, 2024) Target Date: TBD
> September 11th Remembrance Day Event/Tribute (Sobek, September 18, 2024) Target Date: TBD
> Discussion on the EDC – NG Land Uses and General Plan (Estrada, November 20, 2024) Target Date: TBD
> Discussion on Esthetic Enhancements to the Menifee Operations Center Frontage (Karwin, November 20, 2024)
Target Date: TBD
> Joint Workshop for Planning and Council on Land Use/Role of a Planning Commissioner (Zimmerman, November 20, 2024)
Target Date: TBD
16. ADJOURN
Decorum Policy Notes
The Council anticipates and encourages public participation at its Council meeting, both on agenda items and during the public comments period. Please turn your cell phones off, refrain from talking in the audience or outbursts that may be disruptive. We encourage participation and ask for a mutual respect for the proceedings.
Staff Reports
Materials related to an item on this agenda, including those submitted to the City Council after distribution of the agenda packet, are available for public inspection by contacting the City Clerk Department, at (951) 6726777 or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours.
Compliance with the Americans with Disabilities Act
If you need special assistance to participate in this meeting, you should contact the City Clerk Department at (951) 6726777 or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours. Notification 72 hours prior to the meeting will enable the City to make reasonable arrangements to assure accessibility to this meeting.
Menifee Mayor and City Council
December 4, 2024
Page
7 of 1648
City Council Chambers
29844 Haun Road
Menifee, CA 92586
Bill Zimmerman, Mayor
Bob Karwin, District 1
Ricky Estrada,District 2
Lesa Sobek, District 3
Dean Deines, District 4
AGENDA
Menifee City Council
Regular Meeting Agenda
Wednesday, December 4, 2024
5:00 PM Closed Session
6:00 PM Regular Meeting
Armando G. Villa, City Manager
Jeffrey T. Melching, City
Attorney
Stephanie Roseen, Acting City
Clerk
CLOSED SESSION (5:00 PM)
1. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 City of Perris v. City of Menifee, Riverside County Superior Court Case No.
CVRI230303456
2. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 City of Menifee v. City of Perris, Riverside County Superior Court Case No.
CVRI2203040
3. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, SIGNIFICANT EXPOSURE TO LITIGATION
Gov. Code Section 54956.9(d)(2) or (3): Two cases
4. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, INITIATION OF LITIGATION
Government Code section 54956.9(d)(4): Two cases
5. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 Showprop Menifee DE, LLC v. City of Menifee, Riverside County Superior Court Case No. CVRI2402960
6. CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Government Code § 54956.8)
Property: Assessor’s Parcel Numbers 360340005, 360340006, and 360340007 Agency Negotiators: Armando G. Villa, City Manager; Bryan Jones, Assistant City Manager; Jeffrey Melching, City Attorney
Negotiating Parties: City of Menifee and Jack William Wickerd; Under Negotiation: Price and Terms of Payment
REGULAR MEETING (6:00 PM)
1. CALL TO ORDER
2. ROLL CALL
3. WORDS OF INSPIRATION
3.1. Lupita Ramirez – Women’s Relief Society President, Menifee Church of Jesus Christ of Latterday Saints
4. PLEDGE OF ALLEGIANCE
5. PRESENTATIONS
5.1. Citizen of the Month – Anita Russell
5.2. Recognition of Teacher of the Year Misty McBee
6. AGENDA APPROVAL OR MODIFICATIONS
7. PUBLIC COMMENTS (NONAGENDA ITEMS)
This is the time for members of the public to address the Council about items which are NOT listed on the agenda. The Ralph M. Brown Act limits the Council’s ability to respon d to comments on nonagendized matters at the time such comments are made. Each speaker will be limited to three minutes on any single item.
8. COUNCILMEMBER UPDATES AND COMMENTS
9. APPROVAL OF MINUTES
9.1 November 20, 2024 Minutes
10. CONSENT CALENDAR
All matters on the Consent Calendar are to be approved in one motion unless a Councilmember requests a separate action on a specific item on the Consent Calendar. If an item is removed from the Consent Calendar, it will be discussed individually and acted upon separately. Unless otherwise directed by a member of the City Council, the vote on ordinance adoptions will reflect the prior action of each Councilmember when the ordinance was introduced. However, if a Councilmember is not present at the City Council meeting, their vote will be reflected as absent.
10.1 Waiver of Reading
RECOMMENDED ACTION
1. Waive the reading in full of any and all Ordinances listed on this agenda and provide that they be read by title only.
10.2 Treasurer's Report September 2024
RECOMMENDED ACTION
1. Receive and file the Quarterly Treasurer’s Report as of September 30, 2024.
10.3 Warrant Register
RECOMMENDED ACTION
1. Ratify and approve the Voucher Lists dated 10/25/2024, 11/1/2024 and 11/08/2024, the Payroll Register/Other EFTs dated 10/25/2024, 10/28/2024, 11/4/2024, 11/8/2024 and the Void Check Listing PE 10/31/2024 which have a total budgetary impact of $9,734,411.73.
10.4 Second Reading and Adoption of an Ordinance for Ethanac Business Park Specific Plan Amendment and Zone Change
RECOMMENDED ACTION
1. Adopt an ordinance approving Specific Plan Amendment No. PLN230175 and Zone Change No. PLN230174 for the Ethanac Business Park, generally located east of Trumble Road, south of Ethanac Road, west of Sherman Road and north of McLaughlin Road.
10.5 Memorandum of Understanding with the Menifee Police Officers Association (MPOA) RECOMMENDED ACTION
1. Adopt a resolution approving a successor Memorandum of Understanding (MOU) between the City and the Menifee Police Officers Association (MPOA), for the period of July 1, 2024 through June 30, 2027; and
2. Authorize the City Manager or their designee to execute and implement terms of the MOU and resolutions; and
3. Adopt a resolution approving the Classification and Compensation Plan known as the Authorized Position Listing.
10.6 Memorandum of Understanding with the Menifee Police Management Association (MPMA)
RECOMMENDED ACTION
1. Adopt a resolution approving a successor Memorandum of Understanding (MOU) between the City and the Menifee Police Management Association (MPMA) for the period of July 1, 2024 through June 30, 2027; and
2. Authorize the City Manager or their designee to execute and implement terms of the MOU and resolutions; and
3. Adopt a resolution approving the Classification and Compensation Plan known as the Authorized Position Listing.
10.7 Bid Award and Agreement with Hillcrest Contracting, Inc. for Construction Services for the Civic Center Parking Lot Project
RECOMMENDED ACTION
1. Award bid and authorize the City Manager to execute a Contract Services Agreement with Hillcrest Contracting, Inc. for construction services for the Civic Center Parking Lot, Capital Improvement Program (CIP) Project No. 2224, located south of Newport Road and east of Town Center Drive, for a total notto exceed amount of $3,292,946.60.
10.8 Community Services Department, Language Interpretation Services OnCall List RECOMMENDED ACTION
1. Approve the Community Services Department oncall list for language interpretation services for Fiscal Years 2024/2025 through 2029/2030.
10.9 Agreements with ETech360, Inc. and SDI Presence, LLC for AsNeeded Professional Information Technology Support Services
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a master agreement with ETech360, Inc. for professional asneeded service desk support for the Information Technology Department in an amount nottoexceed $100,000 for Fiscal Year (FY) 2024/2025; and
2. Authorize the City Manager to approve a oneyear renewal to the ETech360 master agreement for professional asneeded service desk support in an amount nottoexceed $100,000, contingent on budget availability; and
3. Approve and authorize the City Manager to execute a master agreement with SDI Presence, LLC for higher level technical support for special projects for the Information Technology Department in an amount nottoexceed $100,000 for FY 2024/2025; and
4. Authorize the City Manager to approve a oneyear renewal to the SDI Presence, LLC master agreement for higher level technical support for special projects in an amount nottoexceed $100,000, contingent on budget availability; and
5. Authorize the Finance Department to issue individual Purchase Orders on an asneeded basis against the executed agreements, nottoexceed the aggregate agreement amount approved for each year.
10.10 Agreements with Ace Uniforms and Macro Industries, Inc. for Professional OnCall Custom Apparel Services
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a master agreement for professional oncall services with Ace Uniforms for custom apparel services in the amount of $32,000 for Fiscal Year (FY) 2024/2025; and
2. Authorize the City Manager to approve four oneyear renewals to the Ace Uniforms Master Agreement in an annual amount of $32,000, at the City’s discretion and contingent on availability of the corresponding budget; and
3. Approve and authorize the City Manager to execute a master agreement for professional oncall services with Macro Industries, Inc. for custom apparel services in the amount of $32,000 for FY 2024/2025; and
4. Authorize the City Manager to approve four oneyear renewals to the Macro Industries, Inc. Master Agreement in an annual amount of $32,000, at the City’s discretion and contingent on availability of the corresponding budget.
10.11 Agreement with Riverside County Flood Control and Water Conservation District, County of Riverside, and D.R. Horton for the Menifee Valley – Holland Road Channel, Stage 1
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Cooperative Agreement to guarantee the completion of the required flood control facility improvements associated with County of Riverside Tract Map 37439 by D.R. Horton Los Angeles Holding Company, Inc., located east of Briggs Road and south of Holland Road, in the unincorporated area of the County of Riverside.
10.12 Agreement Amendment with Rincon Consultants, Inc. for OnCall Planning Services for the Legado Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute Amendment No. 4 to the Professional Services Agreement with Rincon Consultants, Inc. for oncall planning services for the Legado Project, increasing the amount by $30,000 for a total nottoexceed amount of $65,000.
10.13 Final Map, Agreement, and Bonds for Tract Map 366584, Cimarron Ridge, by Pulte Homes Company, LLC
RECOMMENDED ACTION
1. Approve and authorize the filing of the final map for Tract Map 366584, Cimmaron Ridge, by Pulte Homes Company, LLC, located west of Valley Boulevard and south of McLaughlin Road; and
2. Approve and authorize the City Manager to execute the subdivision improvement agreement to guarantee completion of the required onsite improvements associated with Tract Map 366584.
10.14 Final Map, Agreement, and Bonds for Parcel Map 37624, Heritage Square, by Heritage Square Menifee, LLC
RECOMMENDED ACTION
1. Approve and authorize the filing of Parcel Map 37624, Heritage Square, by Heritage Square Menifee, LLC, located north of McCall Boulevard and west of Menifee Road; and
2. Approve and authorize the City Manager to execute a subdivision improvement agreement to guarantee completion of required public improvements associated with Parcel Map 37624.
10.15 Notice of Completion and Acceptance for the Romoland Grid Area – 3rd Street – ATP Project
RECOMMENDED ACTION
1. Accept the improvements for the Romoland Grid Area – 3 rd Street – ATP Project, Capital Improvement Program (CIP) Project No. 2304, located along 3rd Street northeast of Highway 74, west of Antelope Road, and south of Watson Road; and
2. Authorize the City Clerk to file a Notice of Completion with the Riverside County Recorder’s Office.
11. PUBLIC HEARING ITEMS
11.1 Appeal of the Murrieta Road Warehouse Project
RECOMMENDED ACTION
1. Adopt a resolution approving Appeal No. PLN240214 overturning the Planning Commission’s decision and certifying the Environmental Impact Report (State Clearinghouse No. 2023110162), and adopting the Findings of Fact, Statement of Overriding Considerations, and Mitigation Monitoring and Reporting Program; and
2. Adopt a resolution approving Appeal No. PLN240214 overturning the Planning Commission’s decision and approving Plot Plan No. PLN220179 generally located south of Floyd Avenue, east of Geary Street, west of Murrieta Road, and north of McLaughlin Road.
12. DISCUSSION ITEMS
12.1 City Council Recognition Policy Amendment
RECOMMENDED ACTION
1. Review and provide additional direction on parameters for a Key to the City Program; or
2. Approve the amended City Council Recognition Policy (Policy No. CC24), incorporating guidelines for the Key to the City recognition.
13. CITY ATTORNEY REPORTS
14. CITY MANAGER REPORTS
15. FUTURE AGENDA REQUESTS FROM COUNCIL MEMBERS
> Road Name Change of Haun Road (Sobek, June 5, 2024)
Target Date: TBD
> Feasibility of Paving Dirt Roads in the City (Estrada, June 5, 2024) Target Date: TBD
> September 11th Remembrance Day Event/Tribute (Sobek, September 18, 2024) Target Date: TBD
> Discussion on the EDC – NG Land Uses and General Plan (Estrada, November 20, 2024) Target Date: TBD
> Discussion on Esthetic Enhancements to the Menifee Operations Center Frontage (Karwin, November 20, 2024)
Target Date: TBD
> Joint Workshop for Planning and Council on Land Use/Role of a Planning Commissioner (Zimmerman, November 20, 2024)
Target Date: TBD
16. ADJOURN
Decorum Policy Notes
The Council anticipates and encourages public participation at its Council meeting, both on agenda items and during the public comments period. Please turn your cell phones off, refrain from talking in the audience or outbursts that may be disruptive. We encourage participation and ask for a mutual respect for the proceedings.
Staff Reports
Materials related to an item on this agenda, including those submitted to the City Council after distribution of the agenda packet, are available for public inspection by contacting the City Clerk Department, at (951) 6726777 or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours.
Compliance with the Americans with Disabilities Act
If you need special assistance to participate in this meeting, you should contact the City Clerk Department at (951) 6726777 or by coming into City Hall located at 29844 Haun Road, Menifee, CA, 92586 during normal business hours. Notification 72 hours prior to the meeting will enable the City to make reasonable arrangements to assure accessibility to this meeting.
Menifee Mayor and City Council
December 4, 2024
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Menifee Mayor and City Council November 20, 2024
City Council Chambers
29844 Haun Road
Menifee, CA 92586
Bill Zimmerman, Mayor
Bob Karwin, District 1
Ricky Estrada, District 2
Lesa Sobek, District 3
Dean Deines, District 4 MINUTES
Menifee City Council
Regular Meeting Minutes
Wednesday, November 20, 2024
5:00 PM Closed Session
6:00 PM Regular Meeting
Armando G. Villa, City Manager
Jeffrey T. Melching, City Attorney
Stephanie Roseen, Acting Clerk
CLOSED SESSION (5:00 PM)
Mayor Zimmerman called closed session to order at 5:00 PM. Present were Councilmembers Estrada, Karwin, Sobek, Mayor Pro Tem Deines, and Mayor Zimmerman.
Mayor Zimmerman recessed to closed session at 5:00 PM for the purposes listed below.
1. CONFERENCE WITH LEGAL COUNSEL – ANTICIPATED LITIGATION LIABILITY CLAIM (GOVERNMENT CODE 54956.9)
Claimant: Udis Reyes
2. CONFERENCE WITH REAL PROPERTY NEGOTIATORS
(Government Code § 54956.8)
Property: 27930 Watson Road, Menifee, CA (APN 32905049); Agency Negotiators: Armando Villa, City Manager; Nick Fidler, Public Works Director/City Engineer; Jeffrey Melching, City Attorney; Negotiating Parties: City of Menifee; Marco Antonio Cedillo; Under Negotiation:
Price and Terms of Payment
REGULAR MEETING (6:00 PM)
1. CALL TO ORDER
Mayor Zimmerman called the meeting to order at 6:00 PM. City Attorney Jeffrey Melching stated there was no reportable action from closed session.
2. ROLL CALL
Present: Bill Zimmerman, Bob Karwin, Ricky Estrada, Lesa Sobek, Dean Deines
Absent: None
3. WORDS OF INSPIRATION
Pastor Joe Sabolick with New Creation Church
Item Title: 9.1
November 20, 2024 Minutes
Item Page Number: 1
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4. PLEDGE OF ALLEGIANCE
Cindy Warren led the flag salute.
5. PRESENTATIONS
5.1 Citizen of the Month – George Mills
The City Council recognized George Mills as November’s Citizen of the Month.
5.2 Retirement Recognition of Sarah Manwaring
The City Council recognized Sarah Manwaring.
5.3 Fall Teen Award Recognitions
The City Council recognized the fall teen award recipients Ella Whann, Christopher Gagossian, and James Sisson.
5.4 Community Services Update
Community Services Supervisor Gabbie Cao provided the update.
5.5 Fire Department Quarterly Update
Fire Chief Mark Scoville provided the update. The City Council asked staff questions.
6. AGENDA APPROVAL OR MODIFICATIONS
Acting City Clerk Stephanie Roseen stated staff requested to pull Item No. 10.7 from the agenda.
The agenda was approved unanimously (50) with modifications.
7. PUBLIC COMMENTS (NONAGENDA ITEMS)
Correspondence was received from the following.
•Don Slater
The following speakers addressed the City Council on non-agenda items. •Gloria Sanchez
•Debby Manion
Item Title: 9.1
November 20, 2024 Minutes
Item Page Number: 2
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8. COUNCILMEMBER UPDATES AND COMMENTS
Councilmember Karwin reported on the meetings and events he attended. •Ambient Properties Communities Meeting
•Menifee’s Veterans Day Ceremony
•Amphitheater Ad Hoc Committee Meeting
•Western Riverside Council of Governments Meeting
Councilmember Estrada reported on the meetings and events he attended. •Menifee’s Veterans Day Ceremony
•Menifee’s Annual Education Summit Meeting
Councilmember Sobek reported on the meetings and events she attended. •Mt. San Jacinto College Foundation Gala
•Menifee’s Veterans Day Ceremony
•Ambient Properties Communities Meeting
•Veterans Day Quilts of Valor
•Menifee’s Annual Education Summit Meeting
•Menifee Finance Committee Meeting
•Amphitheater Ad Hoc Committee Meeting
Mayor Pro Tem Deines reported on the meetings and events he attended. •Veterans Expo Sponsored by Senator Seyarto
•Miller Jones Veterans Day Event
•Menifee’s Veterans Day Ceremony
•Menifee Finance Committee Meeting
•Ribbon Cutting for Chevron and Papa Smash Burgers
Mayor Zimmerman reported on the meetings and events he attended. •You Matter Coalition Meeting
•Veterans Expo Sponsored by Senator Seyarto
•Mt. San Jacinto College 60th Anniversary
•Miller Jones Veterans Day Event
•Menifee’s Veterans Day Ceremony
•Veterans Day Quilts of Valor
•Chamber of Commerce Mixer at the Community Cupboard
•Riverside County Transportation Commission Meeting
•Rotary Club Meeting
•Chamber Ribbon Cutting for Chevron and Papa Smash Burgers •History Program from History Association
•Chamber of Commerce Board Meeting
•Youth Leaders of Menifee Meeting
Item Title: 9.1
November 20, 2024 Minutes
Item Page Number: 3
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AYES: Zimmerman, Karwin, Estrada, Sobek, Deines
NAYS: None
RECUSE: None
9. APPROVAL OF MINUTES
The minutes were approved unanimously (50) with no modifications.
9.1 November 6, 2024 Minutes
10. CONSENT CALENDAR
Mayor Pro Tem Deines requested to pull Item No. 10.3 for further discussion.
The balance of the consent calendar was approved by the following vote.
MOVER: Lesa Sobek
SECONDER: Bob Karwin
10.1 Waiver of Reading
ACTION
1. Waived the reading in full of any and all Ordinances listed on this agenda and provided that they be read by title only.
10.2 Warrant Register
ACTION
1. Ratified and approved the Voucher Lists dated 10/11/2024 and 10/18/2024, the Payroll Register/Other EFTs dated 10/9/2024,10/11/2024,10/15/2024 and 10/18/2024 which have a total budgetary impact of $7,375,122.01.
10.3 Monthly Public Safety Reports
Mayor Pro Tem Deines asked staff questions.
ACTION
1. Received and filed the Public Safety Reports for September 2024.
MOVER: Dean Deines
SECONDER: Lesa Sobek
AYES: Zimmerman, Karwin, Estrada, Sobek, Deines
NAYS: None
RECUSE: None
Item Title: 9.1
November 20, 2024 Minutes
Item Page Number: 4
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10.4 American Rescue Plan Funds Update
ACTION
1. Received summary update on American Rescue Plan Act (ARPA) funds expended and remaining funds to be expended; and
2. Approved a budget transfer in the amount of $809,080.55 (Grant Fund), reprogramming ARPA funds from CIP 2013: Paloma Wash Pedestrian Bridge and CIP 2313: ARPCherry Hills Facility Improvements Project to CIP 1915: Central Park Amphitheater; and
3. Approved a budget transfer in the amount of $809,080.55 (General Fund), reprogramming from CIP 1915: Central Park Amphitheater to CIP 2013:
Paloma Wash Pedestrian Bridge and CIP 2313: ARPCherry Hills Facility Improvements Project.
10.5 California Intergovernmental Risk Authority Board of Directors Voting Representative and Alternate
ACTION
1. Adopted Resolution No. 24-1510, appointing the City Manager as representative to the California Intergovernmental Risk Authority (CIRA) Board of Directors and the Interim Human Resources Manager as alternate and authorize representatives to vote on behalf of the City.
10.6 Second Reading and Adoption of an Ordinance to Levy Special Taxes Within Improvement Area No. 2 and Improvement Area No. 3 of Community Facilities District No. 20223, Legado
ACTION
1. Adopted Ordinance No. 2024-404, authorizing the levy of special taxes within Improvement Area No. 2 and Improvement Area No. 3 of Community Facilities District No. 20223, Legado, located to the northwest of Antelope Road and Chambers Avenue and south of Rouse Road.
10.7 Resolution of Intention for Annexation No. 28, Nova Power, into Community Facility District 20171, Maintenance Services
ACTION
1. Pulled from the agenda. No action taken.
Item Title: 9.1
November 20, 2024 Minutes
Item Page Number: 5
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10.8 Resolution of Intention for Annexation No. 27, Encanto/McCall Gas Station, into Community Facility District 20171, Maintenance Services ACTION
1. Accepted the Petitions of KA Menifee, LLC, Capital Financial Group, Inc.
Defined Benefit Pension Plan, Kaassi International, Inc. Defined Benefit Pension Plan, and KZA Inc. Defined Benefit Pension Plan for the annexation of Assessor’s Parcel No.’s 333040043 and 333040044, located on the northwest corner of the intersection of Encanto Drive and McCall Boulevard, into Community Facilities District No. 20171 (“CFD No. 20171” or “CFD”), Maintenance Services, as Annexation Area No. 27; and
2. Adopted Resolution No. 24-1511, intent to add Annexation No. 27 into CFD No. 20171, to authorize the levy of special tax therein to finance certain maintenance services, and to set a public hearing for January 15, 2025.
10.9 Fiscal Year 2024/2025 Police Department Fleet Vehicle Purchases ACTION
1. Approved and authorized the Finance Department to issue a purchase order for the purchase of six vehicles from Winner Chevrolet in a nottoexceed amount of $392,138.55, including tax and delivery, from the Grant Fund (ARPA), through a California Department of General Services Agreement as permitted under the Menifee Municipal Code Section 3.12.070 (6) with Contract No. 1222323D; and
2. Approved and authorized the Finance Department to issue a purchase order for six vehicle upfits which includes lights and sirens, from the State of California Contract Vendor Wondries/National Auto Fleet Group in a nottoexceed amount of $186,729.30, including tax and service fees, from the Law Enforcement DIF Fund, through a cooperative purchasing (piggyback) agreement as permitted under the Menifee Municipal Code Section 3.12.070 (6) with Sourcewell Contract No. 091521NAF; and
3. Approved and authorized the Finance Department to issue a purchase order for six L3/Harris XL200 Mobile Radios from Cazcom, Inc. in a nottoexceed amount of $49,417.78, including tax and delivery, from the Grant Fund (ARPA), through a cooperative purchasing (piggyback) agreement as permitted under the Menifee Municipal Code Section
3.12.070 (6) with NASPO and HGAC Contracts; and
4. Approved and authorized the Finance Department to issue a purchase order for six Getac V110 G7 InCar Computers from SHI International Corp. in a notto exceed amount of $33,597.27, including tax and delivery, from the Law Enforcement DIF Fund and Grant Fund (ARPA), through a cooperative purchasing (piggyback) agreement as permitted under the Menifee Municipal Code Section 3.12.070 (6) with OMNIA Partners Contract No. 201801102; and
5. Authorized the City Manager or his designee to execute the required documents and approve any future change orders due to price increase, limited availability, or unavailability of vehicles.
Item Title: 9.1
November 20, 2024 Minutes
Item Page Number: 6
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10.10 Memorandum of Understanding with the City of Indio for OffDuty Staffing of Special Events
ACTION
1. Approved and authorized the City Manager, or designee, to execute a Memorandum of Understanding (MOU) with the City of Indio for the reimbursement of costs for offduty staffing at special events.
10.11 Bid Award and Agreement with Davis Ollis Landscape Development, Inc. for the Cherry Hills Street Median Conversion Project
ACTION
1. Awarded bid and authorized the City Manager to execute a Contract Services Agreement with David Ollis Landscape Development, Inc. to perform construction services for the Cherry Hills Street Median Conversion Project, Capital Improvement Project (CIP) No. 2422, located on Cherry Hills Boulevard between Pebble Beach Drive and Sun City Boulevard, in the amount notto exceed $133,983.20; and
2. Approved a budget transfer in the amount of $7,000 (Grant Fund), reprogramming American Rescue Plan Act (ARPA) funds from CIP 2510:
Kay Ceniceros Display Sign Project savings to CIP 2422: Cherry Hills Street Median Conversion Project.
10.12 Bid Award and Agreement with AD Improvements, Inc. for the Krikorian Entertainment Complex Demolition and Site Clearance Project The following speaker addressed the City Council.
•Michael Knighten
ACTION
1. Subject to Recommended Action 2, below, awarded bid and authorized the City Manager to, if necessary, execute a Contract Services Agreement (“Agreement”) with AD Improvements, Inc. for the Krikorian Entertainment Complex Demolition and Site Clearance Project (“Project”), located at the southwest corner of Newport Road and Town Center Drive, in the total amount of $231,100; and
2. Authorized the City Manager to forego execution of the Agreement and/or to terminate the Agreement, if he determines that the abatement work on the Krikorian Entertainment Complex property will be privately performed within a reasonable time and to the reasonable satisfaction of City staff.
3. Adopted Resolution No. 24-1512 appropriating $265,765 for the Project within the General Fund.
Item Title: 9.1
November 20, 2024 Minutes
Item Page Number: 7
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10.13 Agreement with Chandler Asset Management for Professional Investment Services
ACTION
1. Approved and authorized the City Manager to execute a Professional Services Agreement with Chandler Asset Management for professional investment services in an annual nottoexceed amount of $125,000 through June 30, 2027.
10.14 Master Agreements with PCE and Rhythm Tech Productions for On Call Sound and Stage Equipment Rental Services
ACTION
1. Approved and authorized the City Manager to execute a Master Agreement for professional on call services with PCE for sound and stage equipment rental services in the amount of $42,710 for Fiscal Year (FY) 2024/2025; and
2. Authorized the City Manager to approve three oneyear autorenewals to the PCE Master Agreement in the amount of $68,710 annually, at the City’s discretion and contingent on availability of the corresponding budget; and
3. Approved and authorized the City Manager to execute a Master Agreement for professional on call services with Rhythm Tech Productions for sound and stage equipment rental services in the amount of $42,710 for FY 2024/2025; and
4. Authorize dthe City Manager to approve three oneyear autorenewals to the Rhythm Tech Productions Master Agreement in the amount of $68,710 annually, at the City’s discretion and contingent on availability of the corresponding budget.
10.15 Agreement Amendment with T.Y. LIN International for the Holland Road / I215 Overcrossing Project
ACTION
1. Approved and authorized the City Manager to execute Amendment No. 7 to the Professional Services Agreement with T.Y. Lin International, for the Holland Road / I215 Overcrossing, Capital Improvement Program (CIP), Project No. CIP 1303, increasing the compensation by $15,000, for a total amount not toexceed $2,586,667 and to extending the term through June 30, 2025.
Item Title: 9.1
November 20, 2024 Minutes
Item Page Number: 8
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10.16 Agreement, Bond and Public Improvement Acceptance for RV Super Center ACTION
1. Approved and authorized the City Manager to execute an Improvement Agreement to warranty streets, drainage, water, sewer and landscape improvements associated with RV Super Center, Conditional Use Permit No. 2016233, located at the southeast corner of Encanto Drive and McLaughlin Road (APN 331120066); and
2. Accepted the public improvements for the RV Super Center.
10.17 Acceptance of Landscape Improvements and 90% Release of Security for Parcel Map 37130, McCall Plaza, by McCall Plaza, LP
ACTION
1. Accepted the landscape improvements for Parcel Map 37130, McCall Plaza, located south of McCall Boulevard and east of Sherman Road; and
2. Authorized the City Engineer to release the posted securities per the City’s Standard Policies.
10.18 Notice of Completion and Acceptance for the Bradley Road Widening Near Paloma Valley High School Northern Entrance Project
ACTION
1. Accepted the improvements for the Bradley Road Widening near Paloma Valley High School Northern Entrance Project, Capital Improvement Program (CIP) Project No. 2303, located on the east side Bradley Road, just south of Maltese Way; and
2. Authorized the City Clerk to file a Notice of Completion with the Riverside County Recorder’s Office.
11. PUBLIC HEARING ITEMS
11.1 Ethanac Business Park
Associate Planner Fernando Herrera provided a presentation.
The City Council asked staff questions.
Mayor Zimmerman opened the public hearing at 7:37 PM. Acting City Clerk Stephanie Roseen stated the public hearing was legally noticed.
Correspondence was received by the following.
•City of Perris
Applicant Jon Kelley with Core5 addressed the City Council.
Item Title: 9.1
November 20, 2024 Minutes
Item Page Number: 9
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AYES: Zimmerman, Karwin, Sobek, Deines
NAYS: Estrada
RECUSE: None
AYES: Zimmerman, Karwin, Sobek, Deines
NAYS: Estrada
RECUSE: None
The following speakers addressed the City Council.
•Jayson Baiz
•John Fox
•Andrew Mayorga
•Salvador Amezquita
•Jon Shardlow
•Armando Herrera
Mayor Zimmerman closed the public hearing at 7:51 PM.
Councilmember Karwin spoke in favor of the item.
Councilmember Estrada spoke in opposition of the item.
Councilmember Sobek spoke in favor of the item.
Mayor Pro Tem Deines spoke in favor of the item.
Acting City Clerk Stephanie Roseen introduced the ordinance by title.
ACTION
1. Adopted Resolution No. 24-1513, adopting a Mitigated Negative Declaration, based on the findings incorporated in the Initial Study and the conclusion that the project will not have a significant effect on the environment and direct staff to file a Notice of Determination; and
2. Adopted Resolution No. 24-1514, approving General Plan Amendment No.
PLN230173, generally located east of Trumble Road, south of Ethanac Road, west of Sherman Road and north of McLaughlin Road; and
3. Adopted Resolution No. 24-1515, approving Plot Plan No. PLN230171, generally located east of Trumble Road, south of Ethanac Road, west of Sherman Road and north of McLaughlin Road.
MOVER: Bob Karwin
SECONDER: Dean Deines
4. Introduced an ordinance approving Specific Plan Amendment No.
PLN230175 and Zone Change No. PLN230174.
MOVER: Bob Karwin
SECONDER: Dean Deines
Item Title: 9.1
November 20, 2024 Minutes
Item Page Number: 10
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Menifee Mayor and City Council November 20, 2024
11.2 Appeal of the CADO Menifee Industrial Warehouse Project Principal Planner Ryan Fowler provided a presentation.
The City Council asked staff questions.
Mayor Zimmerman opened the public hearing at 8:27 PM. Acting City Clerk Stephanie Roseen stated the public hearing was legally noticed.
Correspondence was received by the following.
•City of Perris
•Applicant, Capstone Industrial
John Fox, City Attorney on behalf of the City of Perris, spoke in opposition of the project.
President of Capstone Alex Zizakis and legal land use counsel addressed the City Council and provided a presentation.
The following speakers addressed the City Council.
•Cheryl Cay
•Zach Strasters
•Loui Lopez
•Carlos Garcia
•Elijah Silva
•John Sisley
•Juan Serrato
•Jonathan Dailey
•Omar Cobian
•Kelly DeChristopher
•Jon Shardlow
The City Council asked questions of the appellant.
Mr. Fox addressed the City Council.
Mr. Zizakis addressed the City Council.
Mayor Zimmerman closed the public hearing at 9:12 PM.
Councilmember Estrada spoke in opposition of the item.
Councilmember Karwin spoke in favor of the item.
Mayor Zimmerman spoke in favor of the item.
Mayor Pro Tem spoke in favor of the item.
Councilmember Sobek spoke in favor of the item.
Item Title: 9.1
November 20, 2024 Minutes
Item Page Number: 11
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Menifee Mayor and City Council November 20, 2024
AYES: Zimmerman, Karwin, Sobek, Deines
NAYS: Estrada
RECUSE: None
AYES: Zimmerman, Karwin, Sobek, Deines
NAYS: Estrada
RECUSE: None
ACTION
1. Adopted Resolution No. 24-1516, denying Appeal No. PLN240182, certifying the Environmental Impact Report (State Clearinghouse No. 2022040622), and adopting the Findings of Fact and Statement of Overriding Considerations and the Mitigation Monitoring and Reporting Program.
MOVER: Dean Deines
SECONDER: Bob Karwin
2. Adopted Resolution No. 24-1517, denying Appeal No. PLN240182 and approving Tentative Parcel Map No. 38139 (PLN220041) and Plot Plan No.
PLN210370 generally located north of Corsica Lane, south of Kuffel Road, east of Wheat Street, and west of Byers Road.
MOVER: Dean Deines
SECONDER: Bob Karwin
12. DISCUSSION ITEMS - NONE
13. CITY ATTORNEY REPORTS
None.
14. CITY MANAGER REPORTS
None.
15. FUTURE AGENDA REQUESTS FROM COUNCIL MEMBERS
Councilmember Estrada requested a discussion item on the Economic Development Corridor – Northern Gateway land uses and relation to the general plan. Mayor Zimmerman seconded the request.
Councilmember Karwin requested a discussion item regarding options to temporarily beautify the vacant lot located at the intersection of Bradly and Cherry Hills Boulevard for the City’s Maintenance and Operations Center. Mayor Zimmerman seconded the request.
Item Title: 9.1
November 20, 2024 Minutes
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Mayor Zimmerman requested a joint workshop for the Planning Commission and City Council regarding the overview of development, land uses, and role of a Planning Commissioner. Councilmember Sobek seconded the request.
16. ADJOURN
Mayor Zimmerman adjourned the meeting at 9:39 PM.
Stephanie Roseen, CMC
Acting City Clerk
Item Title: 9.1
November 20, 2024 Minutes
Item Page Number: 13
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CITY OF MENIFEE
SUBJECT: Treasurer's Report - September 2024
MEETING DATE: December 4, 2024
TO: Mayor and City Council
PREPARED BY: Ann-Marie Etienne, Finance Manager
REVIEWED BY: Travis Hickey, Chief Financial Officer
APPROVED BY: Armando G. Villa, City Manager
-------------------------------------------------------------------------------------------------------------------------------
RECOMMENDED ACTION
1. Receive and file the Quarterly Treasurer’s Report as of September 30, 2024.
DISCUSSION
Attached is the signed monthly Treasurer’s Report for Cash and Investments as of September 30, 2024, and 3 rd Quarter (July 2024 – September 2024) Quarterly Investment Review as summarized below.
This Treasurer’s Report is distinguished from the regular monthly report in that it includes more in-depth disclosure and review of investment activities over the past three months. The City of Menifee’s investment objectives in order of priority, are to provide safety to ensure the preservation of capital in the overall portfolio, provide sufficient liquidity for cash needs and a market rate of return consistent with the investment program. To achieve these objectives, the city invests in high quality fixed income securities consistent with the current investment policy (Investment Policy CC-11) and California Government Code.
Quarterly Review: 3rd Quarter (July 2024 - September 2024) Investment Summary With a favorable interest market throughout the period in review, the City’s investment portfolio continued to perform strongly during the 3 rd quarter of 2024, yielding additional interest revenue to support municipal services. The City’s investment approach balances its investments between short-term investment portfolio to long-term investments. Beginning with the designation of the Chief Financial Officer as the City Treasurer in the fall of 2023, the City has taken some additional efforts to maximize the City’s investments opportunities in a fiscally prudent, but proactive manner.
Overall Investment Portfolio Composition
During the 3 rd quarter of 2024, the City continued to participate in the California Asset Management Program (CAMP) investment pool program. Staff identified an opportunity to further Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 1
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Treasurer's Report - September 2024
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7 7
diversify the current investment portfolio, and thereby maximize investment opportunities by participating in this program. Also, during the 3 rd Quarter period, the City maintained long-term investments through the support of investment consulting firm Chandler Asset Management.
Overall Investment Portfolio Performance
With respect to the City’s short-term investments, LAIF and/or CAMP investment pools, on September 30, 2024 CAMP’s rate was 5.29% while LAIF’s rate was 4.575%. The quarter ending September 30, 2024 produced the following results: CAMP accrued $1,110,212.49 in cash dividends and income. LAIF accrued $126,552.31 interest. On the longer-term investment component of the portfolio, Chandler accrued $884,950.60 interest during the quarter ending September 30, 2024. As is the case with most of the current fiscal year, the short-term investment yields have been providing higher returns than long-term investments as the Federal Reserve has sustained higher interest rates thus far. However, future changes in interest rates would most immediately impact the short-term rates received.
TABLE 1: QUARTER 1 OVERALL INVESTMENT PORTFOLIO PERFORMANCE Investment
Portfolio
Investment Type/
Investment Category
Beginning
Market Value
7/1/2024
Ending Market
Value
9/30/2024
Investment Returns
(Cash Dividends/
Interest)
CAMP Pool/ Short-Term 77,125,117.40 81,235,260.45 1,110,212.49 LAIF Pool/ Short-Term 11,250,317.08 11,376,869.39 126,552.31 Chandler
Asset
Management
City Investments/ Long-Term 126,369,305.46 130,857,091.43 884,950.60 Cash Held Outside City Funds
As noted in the monthly Treasurer’s Report there are some specific funds held outside the City’s custody, and held instead by Wilmington Trust, designated trustee. These funds relate to the TRIP and Streetlight Retrofit debt service payments, as well as the bonded CFDs bond proceeds and debt service payments. Pursuant to the Trustee agreements in place, Wilmington Trust oversees the investment of these funds. The average yield return of these funds is summarized within the corresponding section of the Treasurer’s Report.
STRATEGIC PLAN OBJECTIVE
Thriving Economy
FISCAL IMPACT
There is no fiscal impact associated with the recommended action.
ATTACHMENTS
1. Treasurer’s Report
2. CAMP Statement - July 2024
3. CAMP Statement – August 2024
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 2
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City of Menifee Staff Report
Treasurer's Report - September 2024
December 4, 2024
2 3
7 7
4. CAMP Statement - September 2024
5. LAIF Investment Statement - July 2024
6. LAIF Investment Statement - August 2024
7. LAIF Investment Statement - September 2024
8. Chandler Investment Statements - July 2024
9. Chandler Investment Statements - August 2024
10. Chandler Investment Statements - September 2024
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 3
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Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 4
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City of Menifee
ACCOUNT STATEMENT
For the Month Ending
July 31, 2024
Customer Service
PO Box 11813
Harrisburg, PA 17108-1813
Contents
Cover/Disclosures
Summary Statement
Individual Accounts
CITY OF MENIFEE
MISS ANN-MARIE ETIENNE
29844 HAUN ROAD
MENIFEE, CA 92586
Client Management Team
Accounts included in Statement
4037-001 City of Menifee
www.camponline.comOnline Access 1-800-729-7665Customer Service Important Messages
CAMP will be closed on 09/02/2024 for Labor Day.
Kyle Tanaka
Assistant Program Administrator
633 W 5th St., 25th Floor
Los Angeles, CA 90071
213-500-8694
[email protected]
Rachael Miller
Client Consultant
213 Market Street
Harrisburg, PA 17101-2141
1-800-729-7665
[email protected]
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 5
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For the Month Ending July 31, 2024
Account Statement
Important Disclosures
Important Disclosures
365 and dividing the result by 7. The yields quoted should not be considered a representation of the yield of the fund in the future, since the yield is not fixed.
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 stated maturity date of mortgage backed or callable securities are used in this statement. However the actual maturity of these securities could vary depending on the level or prepayments on the underlying mortgages or whether a callable security has or is still able to be called.
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 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.
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 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 statement is wrong, missing account information, or if you need more information 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 updated copy of PFMAM's current disclosure statement, please contact a member of your client management team at PFMAM Service Operations at the address below.
PFM Asset Management LLC
Attn: Service Operations
213 Market Street
Harrisburg, PA 17101
NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE This statement is for general information purposes only and is not intended to provide specific advice or recommendations. PFM Asset Management LLC ("PFMAM") is an investment adviser registered with the U.S. Securities and Exchange Commission and a subsidiary of U.S. Bancorp Asset Management, Inc. ("USBAM"). USBAM is a subsidiary of U.S. Bank National Association ("U.S. Bank"). U.S. Bank is a separate entity and subsidiary of U.S. Bancorp. U.S. Bank is not responsible for and does not guarantee the products, services or performance of PFMAM. 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.
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 Refinitiv or Bloomberg. For certain short-term investments or where prices are not available from generally recognized sources the securities are priced using a yield-based matrix system to arrive at an estimated market value. Prices that fall between data points are interpolated.
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.
Tax Reporting Cost data and realized gains / losses are provided for informational purposes only. Please review for accuracy and consult your tax advisor to determine 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.
Financial Situation In order to better serve you, PFMAM should be promptly notified of any material change in your investment objective or financial situation.
Callable Securities Securities subject to redemption prior to maturity may be redeemed in whole or in part before maturity, which could affect the yield represented.
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.
Rating Information provided for ratings is based upon a good faith inquiry of selected sources, but its accuracy and completeness cannot be guaranteed.
Shares of some local government investment programs and TERM funds are marketed through representatives of PFMAM's affiliate, PFM Fund Distributors, 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
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
Dividends on local government investment program funds consist of interest earned, plus any discount ratably amortized to the date of maturity, plus all realized gains and losses 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 be paid either monthly or quarterly. The monthly earnings on this statement represent 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
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 6
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For the Month Ending July 31, 2024Account Statement - Transaction Summary City of Menifee - City of Menifee - 4037-001
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
77,125,117.40
29,359,262.22
(20,000,694.44)
0.00 $86,483,685.18
CAMP Pool
Unsettled Trades 0.00
359,262.22 Cash Dividends and Income
July 31, 2024 June 30, 2024
Asset Summary
CAMP Pool 86,483,685.18 77,125,117.40
$86,483,685.18 $77,125,117.40 Total
Asset Allocation
100.00%
CAMP Pool
Account 4037-001 Page 1
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 7
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For the Month Ending July 31, 2024Account Statement
City of Menifee - City of Menifee - 4037-001
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
77,125,117.40 Opening Balance
07/29/24 07/29/24 Purchase - Incoming Wires 1.00 10,000,000.00 87,125,117.40 07/30/24 07/30/24 Purchase - Incoming Wires 1.00 10,000,000.00 97,125,117.40 07/30/24 07/30/24 Wire Purchase Not Received 7/29/2024 1.00 (10,000,000.00) 87,125,117.40 07/31/24 07/31/24 Purchase-Incoming Wires 1.00 9,000,000.00 96,125,117.40 07/31/24 07/31/24 Wire Purchase Not Received 7/30/2024 1.00 (10,000,000.00) 86,125,117.40 07/31/24 07/31/24 Charge for Wire Purchase Not Received (1 Day(s) at 2.5% ) 1.00 (694.44) 86,124,422.96 07/31/24 08/01/24 Accrual Income Div Reinvestment - Distributions 1.00 359,262.22 86,483,685.18 86,483,685.18
86,483,685.18
86,483,685.18
78,072,167.97
359,262.22
0.00 (20,000,694.44)
29,359,262.22
77,125,117.40
359,262.22
86,483,685.18
0.00 (20,000,694.44)
29,359,262.22
77,125,117.40
Monthly Distribution Yield
Average Monthly Balance
Closing Balance
Fiscal YTDMonth of
Cash Dividends and Income
Closing Balance
Check Disbursements
Redemptions (Excl. Checks)
Purchases
Opening Balance
Closing Balance
July July-July
5.43%
Account 4037-001 Page 2
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 8
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December 4, 2024
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29 of 1648
City of Menifee
ACCOUNT STATEMENT
For the Month Ending
August 31, 2024
Customer Service
PO Box 11813
Harrisburg, PA 17108-1813
Contents
Cover/Disclosures
Summary Statement
Individual Accounts
CITY OF MENIFEE
MISS ANN-MARIE ETIENNE
29844 HAUN ROAD
MENIFEE, CA 92586
Client Management Team
Accounts included in Statement
4037-001 City of Menifee
www.camponline.comOnline Access 1-800-729-7665Customer Service Important Messages
CAMP will be closed on 09/02/2024 for Labor Day.
CAMP will be closed on 10/14/2024 for Columbus Day.
Kyle Tanaka
Assistant Program Administrator
633 W 5th St., 25th Floor
Los Angeles, CA 90071
213-500-8694
[email protected]
Rachael Miller
Client Consultant
213 Market Street
Harrisburg, PA 17101-2141
1-800-729-7665
[email protected]
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 9
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December 4, 2024
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For the Month Ending August 31, 2024
Account Statement
Important Disclosures
Important Disclosures
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 stated maturity date of mortgage backed or callable securities are used in this statement. However the actual maturity of these securities could vary depending on the level or prepayments on the underlying mortgages or whether a callable security has or is still able to be called.
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 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.
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 consummation of the security transaction and payment has not yet taken place.
In August 2024, PFMAM converted its portfolio accounting system from FIS Investment Accounting Manager to SS&C PORTIA. The new system has recalculated the amortized cost and yield to maturity at cost of each security, based upon original cost and settlement date. Some securities, including some factored securities and previously exchanged securities, are now on a modified amortization schedule as compared with that of the past. Where transfers have occurred between your portfolios we have returned their settlement dates to the settlement dates of the original purchases in order to minimize any impact to their amortization schedules.
Please review the detail pages of this statement carefully. If you think your statement is wrong, missing account information, or if you need more information 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 updated copy of PFMAM's current disclosure statement, please contact a member of your client management team at PFMAM Service Operations at the address below.
PFM Asset Management LLC
Attn: Service Operations
213 Market Street
Harrisburg, PA 17101
NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE This statement is for general information purposes only and is not intended to provide specific advice or recommendations. PFM Asset Management LLC ("PFMAM") is an investment adviser registered with the U.S. Securities and Exchange Commission and a subsidiary of U.S. Bancorp Asset Management, Inc. ("USBAM"). USBAM is a subsidiary of U.S. Bank National Association ("U.S. Bank"). U.S. Bank is a separate entity and subsidiary of U.S. Bancorp. U.S. Bank is not responsible for and does not guarantee the products, services or performance of PFMAM. 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.
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.
Tax Reporting Cost data and realized gains / losses are provided for informational purposes only. Please review for accuracy and consult your tax advisor to determine 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.
Financial Situation In order to better serve you, PFMAM should be promptly notified of any material change in your investment objective or financial situation.
Callable Securities Securities subject to redemption prior to maturity may be redeemed in whole or in part before maturity, which could affect the yield represented.
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.
Rating Information provided for ratings is based upon a good faith inquiry of selected sources, but its accuracy and completeness cannot be guaranteed.
Shares of some local government investment programs and TERM funds are marketed through representatives of PFMAM's affiliate, PFM Fund Distributors, 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
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
Dividends on local government investment program funds consist of interest earned, plus any discount ratably amortized to the date of maturity, plus all realized gains and losses 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 be paid either monthly or quarterly. The monthly earnings on this statement represent 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 365 and dividing the result by 7. The yields quoted should not be considered a representation of the yield of the fund in the future, since the yield is not fixed.
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 10
Menifee Mayor and City Council
December 4, 2024
Page
31 of 1648
For the Month Ending August 31, 2024Account Statement - Transaction Summary City of Menifee - City of Menifee - 4037-001
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
86,483,685.18
1,395,898.14
(3,500,069.44)
0.00 $84,379,513.88
CAMP Pool
Unsettled Trades 0.00
395,898.14 Cash Dividends and Income
August 31, 2024 July 31, 2024
Asset Summary
CAMP Pool 84,379,513.88 86,483,685.18
$84,379,513.88 $86,483,685.18 Total
Asset Allocation
100.00%
CAMP Pool
Account 4037-001 Page 1
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 11
Menifee Mayor and City Council
December 4, 2024
Page
32 of 1648
For the Month Ending August 31, 2024Account Statement
City of Menifee - City of Menifee - 4037-001
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
86,483,685.18 Opening Balance
08/01/24 08/01/24 Charge for Wire Purchase Not Received (1 Day(s) at 2.5% ) 1.00 (69.44) 86,483,615.74 08/02/24 08/02/24 Purchase - Incoming Wires 1.00 1,000,000.00 87,483,615.74 08/22/24 08/22/24 Redemption - Outgoing Wires 1.00 (3,500,000.00) 83,983,615.74 08/30/24 09/03/24 Accrual Income Div Reinvestment - Distributions 1.00 395,898.14 84,379,513.88 84,379,513.88
84,379,513.88
84,379,513.88
86,347,867.23
755,160.36
0.00 (23,500,763.88)
30,755,160.36
77,125,117.40
395,898.14
84,379,513.88
0.00 (3,500,069.44)
1,395,898.14
86,483,685.18
Monthly Distribution Yield
Average Monthly Balance
Closing Balance
Fiscal YTDMonth of
Cash Dividends and Income
Closing Balance
Check Disbursements
Redemptions (Excl. Checks)
Purchases
Opening Balance
Closing Balance
August July-August
5.41%
Account 4037-001 Page 2
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 12
Menifee Mayor and City Council
December 4, 2024
Page
33 of 1648
City of Menifee
ACCOUNT STATEMENT
For the Month Ending
September 30, 2024
Customer Service
PO Box 11813
Harrisburg, PA 17108-1813
Contents
Cover/Disclosures
Summary Statement
Individual Accounts
CITY OF MENIFEE
MISS ANN-MARIE ETIENNE
29844 HAUN ROAD
MENIFEE, CA 92586
Client Management Team
Accounts included in Statement
4037-001 City of Menifee
www.camponline.comOnline Access 1-800-729-7665Customer Service Important Messages
CAMP will be closed on 10/14/2024 for Columbus Day.
CAMP will be closed on 11/11/2024 for Veterans Day.
Kyle Tanaka
Assistant Program Administrator
633 W 5th St., 25th Floor
Los Angeles, CA 90071
213-500-8694
[email protected]
Rachael Miller
Client Consultant
213 Market Street
Harrisburg, PA 17101-2141
1-800-729-7665
[email protected]
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 13
Menifee Mayor and City Council
December 4, 2024
Page
34 of 1648
For the Month Ending September 30, 2024
Account Statement
Important Disclosures
Important Disclosures
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 stated maturity date of mortgage backed or callable securities are used in this statement. However the actual maturity of these securities could vary depending on the level or prepayments on the underlying mortgages or whether a callable security has or is still able to be called.
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 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.
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 consummation of the security transaction and payment has not yet taken place.
In August 2024, PFMAM converted its portfolio accounting system from FIS Investment Accounting Manager to SS&C PORTIA. The new system has recalculated the amortized cost and yield to maturity at cost of each security, based upon original cost and settlement date. Some securities, including some factored securities and previously exchanged securities, are now on a modified amortization schedule as compared with that of the past. Where transfers have occurred between your portfolios we have returned their settlement dates to the settlement dates of the original purchases in order to minimize any impact to their amortization schedules.
Please review the detail pages of this statement carefully. If you think your statement is wrong, missing account information, or if you need more information 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 updated copy of PFMAM's current disclosure statement, please contact a member of your client management team at PFMAM Service Operations at the address below.
PFM Asset Management LLC
Attn: Service Operations
213 Market Street
Harrisburg, PA 17101
NOT FDIC INSURED NO BANK GUARANTEE MAY LOSE VALUE This statement is for general information purposes only and is not intended to provide specific advice or recommendations. PFM Asset Management LLC ("PFMAM") is an investment adviser registered with the U.S. Securities and Exchange Commission and a subsidiary of U.S. Bancorp Asset Management, Inc. ("USBAM"). USBAM is a subsidiary of U.S. Bank National Association ("U.S. Bank"). U.S. Bank is a separate entity and subsidiary of U.S. Bancorp. U.S. Bank is not responsible for and does not guarantee the products, services or performance of PFMAM. 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.
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.
Tax Reporting Cost data and realized gains / losses are provided for informational purposes only. Please review for accuracy and consult your tax advisor to determine 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.
Financial Situation In order to better serve you, PFMAM should be promptly notified of any material change in your investment objective or financial situation.
Callable Securities Securities subject to redemption prior to maturity may be redeemed in whole or in part before maturity, which could affect the yield represented.
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.
Rating Information provided for ratings is based upon a good faith inquiry of selected sources, but its accuracy and completeness cannot be guaranteed.
Shares of some local government investment programs and TERM funds are marketed through representatives of PFMAM's affiliate, PFM Fund Distributors, 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
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
Dividends on local government investment program funds consist of interest earned, plus any discount ratably amortized to the date of maturity, plus all realized gains and losses 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 be paid either monthly or quarterly. The monthly earnings on this statement represent 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 365 and dividing the result by 7. The yields quoted should not be considered a representation of the yield of the fund in the future, since the yield is not fixed.
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 14
Menifee Mayor and City Council
December 4, 2024
Page
35 of 1648
For the Month Ending September 30, 2024Account Statement - Transaction Summary City of Menifee - City of Menifee - 4037-001
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
84,379,513.88
355,746.57
(3,500,000.00)
0.00 $81,235,260.45
CAMP Pool
Unsettled Trades 0.00
355,746.57 Cash Dividends and Income
September 30, 2024 August 31, 2024
Asset Summary
CAMP Pool 81,235,260.45 84,379,513.88
$81,235,260.45 $84,379,513.88 Total
Asset Allocation
100.00%
CAMP Pool
Account 4037-001 Page 1
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 15
Menifee Mayor and City Council
December 4, 2024
Page
36 of 1648
For the Month Ending September 30, 2024Account Statement City of Menifee - City of Menifee - 4037-001
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
84,379,513.88 Opening Balance
09/11/24 09/11/24 Redemption - Outgoing Wires 1.00 (3,500,000.00) 80,879,513.88 09/30/24 10/01/24 Accrual Income Div Reinvestment - Distributions 1.00 355,746.57 81,235,260.45 81,235,260.45
81,235,260.45
81,235,260.45
82,058,038.77
1,110,906.93
0.00 (27,000,763.88)
31,110,906.93
77,125,117.40
355,746.57
81,235,260.45
0.00 (3,500,000.00)
355,746.57
84,379,513.88
Monthly Distribution Yield
Average Monthly Balance
Closing Balance
Fiscal YTDMonth of
Cash Dividends and Income
Closing Balance
Check Disbursements
Redemptions (Excl. Checks)
Purchases
Opening Balance
Closing Balance
September July-September
5.29%
Account 4037-001 Page 2
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 16
Menifee Mayor and City Council
December 4, 2024
Page
37 of 1648
Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
November 14, 2024
LAIF Home
PMIA Average Monthly
Yields
CITY OF MENIFEE
FINANCE
29714 HAUN ROAD
MENIFEE, CA 92586
Account Number: 98-33-523
July 2024 Statement
Tran Type Definitions
Effective
Date
Transaction
Date
Tran
Type Confirm
Number
Web
Confirm
Number Authorized Caller Amount
7/15/2024 7/12/2024 QRD1757092 N/A SYSTEM 126,552.31
Account Summary
Total Deposit: 126,552.31 Beginning Balance: 11,250,317.08 Total Withdrawal: 0.00 Ending Balance: 11,376,869.39
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 17
Menifee Mayor and City Council
December 4, 2024
Page
38 of 1648
Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
November 14, 2024
LAIF Home
PMIA Average Monthly
Yields
CITY OF MENIFEE
FINANCE
29714 HAUN ROAD
MENIFEE, CA 92586
Account Number: 98-33-523
August 2024 Statement
Tran Type Definitions
Account Summary
Total Deposit: 0.00 Beginning Balance: 11,376,869.39
Total Withdrawal: 0.00 Ending Balance: 11,376,869.39
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 18
Menifee Mayor and City Council
December 4, 2024
Page
39 of 1648
Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
November 14, 2024
LAIF Home
PMIA Average Monthly
Yields
CITY OF MENIFEE
FINANCE
29714 HAUN ROAD
MENIFEE, CA 92586
Account Number: 98-33-523
September 2024 Statement
Tran Type Definitions
Account Summary
Total Deposit: 0.00 Beginning Balance: 11,376,869.39
Total Withdrawal: 0.00 Ending Balance: 11,376,869.39
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 19
Menifee Mayor and City Council
December 4, 2024
Page
40 of 1648
20631
00- -M -UC-UU -214-04
0220052-00-04007-04
QUESTIONS? ACCOUNT NUMBER: 6736302020
CITY OF MENIFEEIf you have any questions regarding your account or this statement, please contact your Administrator.
KATHERINE ARTISHON
EP-MN-WS4E
60 LIVINGSTON AVE.
ST PAUL MN 55107
E-mail [email protected]
Portfolio Manager:
TS PRT RC #1 - AUTO
CN-OH-W6TC
This statement is for the period from July 1, 2024 to July 31, 2024 000017032 06 SP
CITY OF MENIFEE
000638767476252 S
FINANCE DEPARTMENT
29844 HAUN ROAD
MENIFEE, CA 92586
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 20
Menifee Mayor and City Council
December 4, 2024
Page
41 of 1648
THIS PAGE WAS INTENTIONALLY LEFT BLANK
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 21
Menifee Mayor and City Council
December 4, 2024
Page
42 of 1648
20631
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0220052-00-04007-04
TABLE OF CONTENTS
Schedule Page
Market Value Summary ........................................................................................
Asset Summary ....................................................................................................
Income Summary ..................................................................................................
Cash Summary .....................................................................................................
Asset Detail ...........................................................................................................
Transaction Detail .................................................................................................
Sale/Maturity Summary .........................................................................................
Bond Summary ..................................................................................................... 1 2
3 4
5 28
39 45
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 22
Menifee Mayor and City Council
December 4, 2024
Page
43 of 1648
THIS PAGE WAS INTENTIONALLY LEFT BLANK
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 23
Menifee Mayor and City Council
December 4, 2024
Page
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0220052-00-04007-04
CITY OF MENIFEE Page 1 of 46
ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024
MARKET VALUE SUMMARY
Current Period
07/01/24 to 07/31/24
Beginning Market Value $126,369,305.46
Taxable Interest 491,616.94
-144,559.08
1.45 Long Term Gains/Losses
Short Term Gains/Losses
Change in Investment Value 1,621,163.40
Ending Market Value $128,337,528.17
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 24
Menifee Mayor and City Council
December 4, 2024
Page
45 of 1648
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0220052-00-04007-04
CITY OF MENIFEE Page 2 of 46
ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024
ASSET SUMMARY
Current Period
Market Value
% of
Total
Estimated
Annual IncomeAssets
Cash & Equivalents
Taxable Bonds
1,831,952.16 1.40 94,982.18
126,505,576.01 98.60 3,917,378.09
Total Market Value $128,337,528.17 100.00 $4,012,360.27 Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 25
Menifee Mayor and City Council
December 4, 2024
Page
46 of 1648
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0220052-00-04007-04
CITY OF MENIFEE Page 3 of 46
ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024
INCOME SUMMARY
Income Received
Current Period
Taxable Interest 491,616.94
Total Current Period Income $491,616.94
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 26
Menifee Mayor and City Council
December 4, 2024
Page
47 of 1648
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CITY OF MENIFEE Page 4 of 46
ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024
CASH SUMMARY
Cash
$0.00Beginning Cash 07/01/2024
Taxable Interest
Purchases
491,616.94
-3,498,266.63
3,968,469.93
-961,820.24
Sales
Net Money Market Activity
Ending Cash 07/31/2024 $0.00
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 27
Menifee Mayor and City Council
December 4, 2024
Page
48 of 1648
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CITY OF MENIFEE Page 5 of 46
ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024
ASSET DETAIL
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Cash & Equivalents
Cash/Money Market
Federated Hermes Govt Obligs Is - 60934N104
#5
1,831,952.160 1.0000 1,831,952.16 1,831,952.16 0.00 1.4 94,982.18 5.18 Total Cash/Money Market $1,831,952.16 $1,831,952.16 $0.00 1.4 $94,982.18 Total Cash & Equivalents $1,831,952.16 $1,831,952.16 $0.00 1.4 $94,982.18 Taxable Bonds
US Government Issues
F H L B Gtd R E M I C Pass Thru - 3137BFE98
C M O Ser K041 Cl A2
3.171 10/25/2024
32,592.770 99.4030
98.1410
95.8370
95.2670
32,398.19
78,512.80
76,669.60
71,450.25
35,060.13
79,938.40
79,736.00
74,777.85
-2,661.94
-1,425.60
-3,066.40
-3,327.60
0.0 0.1
0.1 0.1
1,033.52
1,200.00
300.00
3.19 1.53
0.39 0.39
F H L M C - 3137EAEP0
1.500 02/12/2025
80,000.000
F H L M C M T N - 3137EAEU9
0.375 07/21/2025
80,000.000
F H L M C M T N - 3137EAEX3
0.375 09/23/2025
75,000.000 281.25
F H L M C Multiclass Mtg Partn - 3137H4BY5
C M O Ser K 746 Cl A 2
1.985 09/25/2028
135,000.000 91.1320 123,028.20 116,263.48 6,764.72 0.1 2,741.85 2.23 Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 28
Menifee Mayor and City Council
December 4, 2024
Page
49 of 1648
20631
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0220052-00-04007-04
CITY OF MENIFEE Page 6 of 46
ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
F H L M C Multiclass Mtg Partn - 3137BEVH4
C M O Ser K040 Cl A2
3.241 09/25/2024
8,082.270 99.5300
99.0150
98.5390
98.4340
98.2030
97.5360
97.0890
96.3540
8,044.28
13,876.12
34,255.69
59,060.40
24,550.75
121,920.00
67,962.30
115,624.80
8,509.12
14,145.55
35,730.46
63,807.81
26,792.97
121,166.99
67,000.39
116,042.97
-464.84
-269.43
-1,474.77
-4,747.41
-2,242.22
753.01
0.0 0.0
0.0 0.0
0.0 0.1
0.1 0.1
261.95
374.18
3.26 2.70
3.38 3.34
3.39 3.07
2.83 2.62
F H L M C Multiclass Mtg Partn - 3137BFXT3
C M O Ser K042 Cl A2
2.670 12/25/2024
14,014.160
F H L M C Multiclass Mtg Partn - 3137BKRJ1
C M O Ser K047 Cl A2
3.329 05/25/2025
34,763.590 1,157.28
1,970.40
833.50
F H L M C Multiclass Mtg Partn - 3137BLAC2
C M O Ser K048 Cl A2
06/25/2025 Var
60,000.000
F H L M C Multiclass Mtg Partn - 3137BLW95
C M O Ser K050 Cl A2
08/25/2025 Var
25,000.000
F H L M C Multiclass Mtg Partn - 3137BN6G4
C M O Ser K053 Cl A2
2.995 12/25/2025
125,000.000 3,743.75
1,921.50
3,030.00
F H L M C Multiclass Mtg Partn - 3137BNGT5
C M O Ser K054 Cl A2
2.745 01/25/2026
70,000.000 961.91
F H L M C Multiclass Mtg Partn - 3137BQYS0
C M O Ser K056 Cl A2
2.525 05/25/2026
120,000.000 -418.17
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 29
Menifee Mayor and City Council
December 4, 2024
Page
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CITY OF MENIFEE Page 7 of 46
ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
F H L M C Multiclass Mtg Partn - 3137BSP72
C M O Ser K058 Cl A2
2.653 08/25/2026
125,000.000 96.2390
97.3910
97.4080
96.3910
96.5290
98.0980
96.1370
99.6220
120,298.75
68,173.70
118,955.08
67,716.80
1,343.67
456.90
0.1 0.1
0.1 0.1
0.0 1.1
1.1 0.0
3,316.25
2,389.10
2,401.00
3,185.86
990.90
2.76 3.50
3.52 3.31
3.42 3.98
3.56 3.08
F H L M C Multiclass Mtg Partn - 3137BUX60
C M O Ser K062 Cl A2
3.413 12/25/2026
70,000.000
F H L M C Multiclass Mtg Partn - 3137BVZ82
C M O Ser K063 Cl A2
01/25/2027 Var
70,000.000 68,185.60 67,711.33 474.27
F H L M C Multiclass Mtg Partn - 3137FBU79
C M O Ser K069 Cl A2
3.187 09/25/2027
99,964.370 96,356.66 95,907.23 449.43
F H L M C Multiclass Mtg Partn - 3137FCJK1
C M O Ser K070 Cl A2
11/25/2027 Var
30,000.000 28,958.70 28,566.80 391.90
F H L M C Multiclass Mtg Partn - 3137FJEH8
C M O Ser K081 Cl A2
08/25/2028 Var
1,500,000.000 1,471,470.00
1,442,055.00
9,066.25
1,436,718.75
1,405,195.31
9,259.92
34,751.25
36,859.69
-193.67
58,500.00
51,330.01
278.84
F H L M C Multiclass Mtg Partn - 3137FLMV3
C M O Ser K090 Cl A2
3.422 02/25/2052
1,500,000.000
F H L M C Multiclass Mtg Partn - 3137FBTA4
C M O Ser K728 Cl A2
08/25/2024 Var
9,100.650
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 30
Menifee Mayor and City Council
December 4, 2024
Page
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CITY OF MENIFEE Page 8 of 46
ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
F H L M C Multiclass Mtg Partn - 3137FQXJ7
C M O Ser K737 Cl A2
2.525 10/25/2026
125,000.000 95.9950
95.5470
96.3290
94.9990
98.4910
99.2770
96.9390
93.3710
98.3460
99.1420
119,993.75
71,660.25
67,430.30
61,749.35
64,019.15
69,493.90
63,010.35
4,668,550.00
216,361.20
208,198.20
117,695.31
74,807.25
69,954.40
64,767.30
66,319.45
69,880.30
64,866.10
4,977,500.00
209,231.00
209,202.00
2,298.44
-3,147.00
-2,524.10
-3,017.95
-2,300.30
-386.40
0.1 0.1
0.1 0.0
0.0 0.1
0.0 3.6
0.2 0.2
3,156.25
281.25
2.63 0.39
0.52 0.53
1.65 1.64
0.64 0.86
1.78 3.91
F N M A - 3135G05X7
0.375 08/25/2025
75,000.000
F N M A - 3135G04Z3
0.500 06/17/2025
70,000.000 350.00
F N M A - 3135G06G3
0.500 11/07/2025
65,000.000 325.00
F N M A - 3135G0X24
1.625 01/07/2025
65,000.000 1,056.25
1,137.50
406.25
F N M A - 3135G0W66
1.625 10/15/2024
70,000.000
F N M A Deb - 3135G03U5
0.625 04/22/2025
65,000.000 -1,855.75
-308,950.00
7,130.20
Federal Farm Credit Bks - 3133EML67
0.800 06/22/2026
5,000,000.000 40,000.00
3,850.00
8,137.50
Federal Farm Credit Bks - 3133ENPG9
1.750 02/14/2025
220,000.000
Federal Farm Credit Bks - 3133EN7J3
3.875 02/02/2026
210,000.000 -1,003.80
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 31
Menifee Mayor and City Council
December 4, 2024
Page
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CITY OF MENIFEE Page 9 of 46
ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Federal Farm Credit Bks - 3133EPGW9
3.875 04/25/2028
150,000.000 99.4370
100.6510
100.9950
101.6970
100.7790
101.7880
103.2300
95.7950
149,155.50
75,488.25
150,753.00
74,100.00
-1,597.50
1,388.25
0.1 0.1
0.2 0.6
0.5 0.1
0.6 3.0
3.6 3.7
5,812.50
3,187.50
3.90 4.22
4.21 4.30
4.46 4.42
4.60 0.73
0.93 1.07
Federal Farm Credit Bks - 3133EPSK2
4.250 08/07/2028
75,000.000
Federal Farm Credit Bks - 3133EPN50
4.250 12/15/2028
270,000.000 272,686.50
711,879.00
705,453.00
96,698.60
272,999.70
689,017.00
693,700.00
93,915.10
-313.20 11,475.00
30,625.00
31,500.00
4,275.00
Federal Farm Credit Bks - 3133ERAK7
4.375 04/10/2029
700,000.000 22,862.00
11,753.00
2,783.50
Federal Farm Credit Bks - 3133EP6K6
4.500 03/26/2027
700,000.000
Federal Farm Credit Bks - 3133EPWK7
4.500 09/22/2028
95,000.000
Federal Farm Credit Bks - 3133ERDH1
4.750 04/30/2029
700,000.000 722,610.00
3,831,800.00
4,681,050.00
4,686,800.00
706,132.00
4,000,000.00
5,000,000.00
5,000,000.00
16,478.00
-168,200.00
-318,950.00
-313,200.00
33,250.00
28,000.00
43,750.00
50,000.00
Federal Home Loan Bks - 3130AMQ54
0.700 09/16/2025
4,000,000.000
Federal Home Loan Bks - 3130AMM33
0.875 07/16/2026
5,000,000.000 93.6210
Federal Home Loan Bks - 3130AMT28
1.000 06/30/2026
5,000,000.000 93.7360
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 32
Menifee Mayor and City Council
December 4, 2024
Page
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CITY OF MENIFEE Page 10 of 46
ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Federal Home Loan Bks - 3130AMWZ1
1.050 06/30/2026
5,000,000.000 93.8260
98.4220
100.3260
101.2990
102.1860
101.4730
99.7780
105.7150
95.0630
94.7810
4,691,300.00
34,447.70
5,000,000.00
37,003.05
-308,700.00
-2,555.35
-3,622.00
4,062.75
3.7 0.0
0.2 0.2
0.6 0.2
0.2 1.3
0.1 0.1
52,500.00
831.25
1.12 2.41
4.24 4.32
4.40 4.43
4.63 4.97
0.26 0.26
Federal Home Loan Bks - 3130A4CH3
2.375 03/14/2025
35,000.000
Federal Home Loan Bks - 3130ATUS4
4.250 12/10/2027
200,000.000 200,652.00
227,922.75
715,302.00
192,798.70
209,533.80
1,638,582.50
66,544.10
204,274.00
223,860.00
693,525.00
196,165.50
210,808.50
1,603,873.05
68,476.95
8,500.00
9,843.75
31,500.00
8,550.00
9,712.50
81,375.00
175.00
Federal Home Loan Bks - 3130AWTR1
4.375 09/08/2028
225,000.000
Federal Home Loan Bks - 3130AVBD3
4.500 03/09/2029
700,000.000 21,777.00
-3,366.80
-1,274.70
34,709.45
-1,932.85
-2,900.58
Federal Home Loan Bks - 3130ATS57
4.500 03/10/2028
190,000.000
Federal Home Loan Bks - 3130ATUR6
4.625 12/13/2024
210,000.000
U S Treasury Bond - 912810FG8
5.250 02/15/2029
1,550,000.000
U S Treasury Note - 91282CAM3
0.250 09/30/2025
70,000.000
U S Treasury Note - 91282CAT8
0.250 10/31/2025
75,000.000 71,085.75 73,986.33 187.50
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 33
Menifee Mayor and City Council
December 4, 2024
Page
54 of 1648
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CITY OF MENIFEE Page 11 of 46
ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
U S Treasury Note - 91282CAZ4
0.375 11/30/2025
70,000.000 94.6450
97.1300
94.1800
93.1800
98.1970
99.0590
94.5040
97.2990
95.2810
95.4960
66,251.50
4,856,500.00
3,767,200.00
111,816.00
68,744.92
4,984,375.00
3,998,750.00
118,806.25
-2,493.42
-127,875.00
-231,550.00
-6,990.25
0.1 3.8
2.9 0.1
2.3 2.3
0.1 2.3
0.6 0.6
262.50
25,000.00
30,000.00
1,050.00
0.40 0.51
0.80 0.94
1.40 1.51
1.72 2.06
2.10 2.36
U S Treasury Note - 912828ZF0
0.500 03/31/2025
5,000,000.000
U S Treasury Note - 91282CBT7
0.750 03/31/2026
4,000,000.000
U S Treasury Note - 91282CCZ2
0.875 09/30/2026
120,000.000
U S Treasury Note - 912828Z52
1.375 01/31/2025
3,000,000.000 2,945,910.00
2,971,770.00
189,008.00
3,091,875.00
3,111,562.50
184,765.63
-145,965.00
-139,792.50
4,242.37
41,250.00
45,000.00
3,250.00
U S Treasury Note - 912828YM6
1.500 10/31/2024
3,000,000.000
U S Treasury Note - 912828YQ7
1.625 10/31/2026
200,000.000
U S Treasury Note - 912828K74
2.000 08/15/2025
3,000,000.000 2,918,970.00
828,944.70
3,175,312.50
812,147.27
-256,342.50
16,797.43
60,000.00
17,400.00
18,000.00
U S Treasury Note - 912828U24
2.000 11/15/2026
870,000.000
U S Treasury Note - 912828V98
2.250 02/15/2027
800,000.000 763,968.00 748,375.00 15,593.00
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 34
Menifee Mayor and City Council
December 4, 2024
Page
55 of 1648
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CITY OF MENIFEE Page 12 of 46
ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
U S Treasury Note - 912828M56
2.250 11/15/2025
2,000,000.000 97.1250
97.0510
97.3400
98.2060
96.3010
98.3940
97.3130
96.6680
97.7890
96.8980
1,942,500.00
776,408.00
778,720.00
785,648.00
784,853.15
787,152.00
1,586,201.90
145,002.00
796,980.35
1,453,470.00
2,140,625.00
765,630.86
767,375.00
778,218.75
765,901.95
780,218.75
1,560,182.82
143,970.70
786,333.79
1,443,515.63
-198,125.00
10,777.14
11,345.00
7,429.25
1.5 0.6
0.6 0.6
0.6 0.6
1.2 0.1
0.6 1.1
45,000.00
20,000.00
21,000.00
22,000.00
22,412.50
23,000.00
50,937.50
4,687.50
2.32 2.58
2.70 2.80
2.86 2.92
3.21 3.23
3.32 3.35
U S Treasury Note - 9128286F2
2.500 02/28/2026
800,000.000
U S Treasury Note - 9128286A3
2.625 01/31/2026
800,000.000
U S Treasury Note - 912828XZ8
2.750 06/30/2025
800,000.000
U S Treasury Note - 91282CFB2
2.750 07/31/2027
815,000.000 18,951.20
6,933.25
U S Treasury Note - 9128284R8
2.875 05/31/2025
800,000.000
U S Treasury Note - 91282CFH9
3.125 08/31/2027
1,630,000.000 26,019.08
1,031.30
U S Treasury Note - 9128285M8
3.125 11/15/2028
150,000.000
U S Treasury Note - 91282CEW7
3.250 06/30/2027
815,000.000 10,646.56
9,954.37
26,487.50
48,750.00
U S Treasury Note - 91282CEV9
3.250 06/30/2029
1,500,000.000
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 35
Menifee Mayor and City Council
December 4, 2024
Page
56 of 1648
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CITY OF MENIFEE Page 13 of 46
ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
U S Treasury Note - 91282CHA2
3.500 04/30/2028
815,000.000 98.2810
98.7580
98.7190
99.1680
99.5510
99.6130
100.2070
99.3010
100.7580
99.6600
800,990.15
790,064.00
804,559.85
882,595.20
846,183.50
796,904.00
826,707.75
814,268.20
1,612,128.00
797,280.00
784,646.88
780,187.50
787,623.25
858,566.41
824,931.64
782,968.75
802,336.91
810,386.72
1,574,437.50
786,781.25
16,343.27
9,876.50
0.6 0.6
0.6 0.7
0.7 0.6
0.6 0.6
1.3 0.6
28,525.00
29,000.00
29,543.75
33,375.00
32,937.50
32,000.00
33,000.00
32,800.00
66,000.00
33,000.00
3.56 3.67
3.67 3.78
3.89 4.02
3.99 4.03
4.09 4.14
U S Treasury Note - 91282CHB0
3.625 05/15/2026
800,000.000
U S Treasury Note - 91282CHE4
3.625 05/31/2028
815,000.000 16,936.60
24,028.79
21,251.86
13,935.25
24,370.84
3,881.48
U S Treasury Note - 91282CJR3
3.750 12/31/2028
890,000.000
U S Treasury Note - 91282CGC9
3.875 12/31/2027
850,000.000
U S Treasury Note - 91282CJT9
4.000 01/15/2027
800,000.000
U S Treasury Note - 91282CJW2
4.000 01/31/2029
825,000.000
U S Treasury Note - 91282CGA3
4.000 12/15/2025
820,000.000
U S Treasury Note - 91282CKG5
4.125 03/31/2029
1,600,000.000 37,690.50
10,498.75
U S Treasury Note - 91282CHH7
4.125 06/15/2026
800,000.000
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 36
Menifee Mayor and City Council
December 4, 2024
Page
57 of 1648
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CITY OF MENIFEE Page 14 of 46
ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
U S Treasury Note - 91282CHQ7
4.125 07/31/2028
790,000.000 100.5200
100.2620
100.2660
99.6760
794,108.00
802,096.00
1,654,389.00
797,408.00
861,126.50
846,447.00
846,846.50
801,560.00
811,936.00
864,076.00
773,639.07
790,265.63
1,630,343.75
789,312.50
838,150.40
839,707.03
838,876.95
791,375.00
791,476.57
839,308.59
20,468.93
11,830.37
24,045.25
8,095.50
22,976.10
6,739.97
7,969.55
10,185.00
20,459.43
24,767.41
0.6 0.6
1.3 0.6
0.7 0.7
0.7 0.6
0.6 0.7
32,587.50
33,000.00
68,062.50
34,000.00
36,125.00
36,125.00
36,125.00
35,000.00
35,000.00
37,187.50
4.10 4.11
4.11 4.26
4.19 4.27
4.27 4.37
4.31 4.30
U S Treasury Note - 91282CFM8
4.125 09/30/2027
800,000.000
U S Treasury Note - 91282CFU0
4.125 10/31/2027
1,650,000.000
U S Treasury Note - 91282CJV4
4.250 01/31/2026
800,000.000
U S Treasury Note - 91282CKD2
4.250 02/28/2029
850,000.000 101.3090
99.5820
U S Treasury Note - 91282CFP1
4.250 10/15/2025
850,000.000
U S Treasury Note - 91282CJS1
4.250 12/31/2025
850,000.000 99.6290
U S Treasury Note - 91282CHU8
4.375 08/15/2026
800,000.000 100.1950
101.4920
101.6560
U S Treasury Note - 91282CHX2
4.375 08/31/2028
800,000.000
U S Treasury Note - 91282CJN2
4.375 11/30/2028
850,000.000
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 37
Menifee Mayor and City Council
December 4, 2024
Page
58 of 1648
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CITY OF MENIFEE Page 15 of 46
ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
U S Treasury Note - 91282CJP7
4.375 12/15/2026
800,000.000 100.4300
100.1450
100.9690
102.4840
100.3910
100.2580
102.9380
101.5000
100.0180
803,440.00
851,232.50
807,752.00
1,639,744.00
853,323.50
802,064.00
1,647,008.00
1,522,500.00
800,144.00
790,250.00
842,828.13
793,125.00
1,614,812.50
842,164.06
794,500.00
1,609,593.75
1,505,683.59
796,187.50
13,190.00
8,404.37
14,627.00
24,931.50
11,159.44
7,564.00
37,414.25
16,816.41
3,956.50
0.6 0.7
0.6 1.3
0.7 0.6
1.3 1.2
0.6 35,000.00
38,250.00
36,000.00
72,000.00
38,250.00
37,000.00
74,000.00
69,375.00
38,000.00
4.36 4.49
4.46 4.39
4.48 4.61
4.49 4.56
4.75 U S Treasury Note - 91282CKH3
4.500 03/31/2026
850,000.000
U S Treasury Note - 91282CKJ9
4.500 04/15/2027
800,000.000
U S Treasury Note - 91282CKT7
4.500 05/31/2029
1,600,000.000
U S Treasury Note - 91282CHM6
4.500 07/15/2026
850,000.000
U S Treasury Note - 91282CKB6
4.625 02/28/2026
800,000.000
U S Treasury Note - 91282CKP5
4.625 04/30/2029
1,600,000.000
U S Treasury Note - 91282CKV2
4.625 06/15/2027
1,500,000.000
U S Treasury Note - 91282CHN4
4.750 07/31/2025
800,000.000
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 38
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December 4, 2024
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ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
U S Treasury Note - 91282CKK6
4.875 04/30/2026
800,000.000 100.8320 806,656.00 799,125.00 7,531.00 0.6 39,000.00 4.83 Total US Government Issues $91,566,985.89 $93,316,094.78 -$1,749,108.89 71.3 $2,380,747.39 Corporate Issues
Ace Ina Holding - 00440EAS6
3.150 03/15/2025
50,000.000 98.6680
94.1400
49,334.00
56,484.00
51,448.00
59,740.80
-2,114.00
-3,256.80
0.0 0.0
1,575.00
600.00
3.19 1.06
Amazon Com Inc - 023135BX3
1.000 05/12/2026
60,000.000
American Honda Fin Corp - 02665WED9
Medium Term Note
4.700 01/12/2028
130,000.000 100.4720
100.7620
130,613.60
604,572.00
131,033.50
595,380.00
-419.90 0.1
0.5 6,110.00 4.68
4.86 American Honda Finance - 02665WFD8
Medium Term Note
4.900 03/12/2027
600,000.000 9,192.00 29,400.00
American Honda Finance - 02665WFE6
Medium Term Note
4.900 03/13/2029
850,000.000 101.3570
95.1560
98.0230
861,534.50
23,789.00
98,023.00
843,616.50
25,621.00
96,949.00
17,918.00
-1,832.00
1,074.00
0.7 0.0
0.1 41,650.00
512.50
4.83 2.15
3.32 Apple Inc - 037833DN7
2.050 09/11/2026
25,000.000
Apple Inc - 037833BY5
3.250 02/23/2026
100,000.000 3,250.00
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 39
Menifee Mayor and City Council
December 4, 2024
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ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Bank Amer Corp Sr - 06051GJD2
Medium Term Note
1.319 06/19/2026
40,000.000 96.5650
100.0610
99.4830
100.2010
97.5050
97.4500
38,626.00
30,018.30
895,347.00
701,407.00
365,643.75
73,087.50
40,105.60
30,000.00
881,811.00
694,316.00
360,118.45
71,563.50
-1,479.60
18.30 0.0
0.0 0.7
0.5 0.3
0.1 527.60
1,524.00
40,887.00
34,629.00
13,346.25
2,868.00
1.37 5.08
4.57 4.94
3.65 3.92
Bank America Corp - 06051GLE7
Medium Term Note
5.080 01/20/2027
30,000.000
Bank New York Mellon Corp - 06406RBN6
Medium Term Note
4.543 02/01/2029
900,000.000 13,536.00
7,091.00
5,525.30
1,524.00
Bank New York Mellon Corp - 06406RBQ9
Medium Term Note
4.947 04/26/2027
700,000.000
Bank Of America Corp - 06051GHT9
Medium Term Note
3.559 04/23/2027
375,000.000
Bank Of America Corp - 06051GGF0
Medium Term Note
3.824 01/20/2028
75,000.000
Bank Of America Corp - 06051GHG7
Medium Term Note
3.970 03/05/2029
1,050,000.000 97.0210
94.8930
1,018,720.50
42,701.85
992,729.50
44,991.45
25,991.00
-2,289.60
0.8 0.0
41,685.00
1,035.00
4.09 2.42
Berkshire Hathaway Fin - 084664CZ2
2.300 03/15/2027
45,000.000
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 40
Menifee Mayor and City Council
December 4, 2024
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ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Bmw Veh Owner Tr - 05602RAD3
A B S Ser 2022 A Cl A 3
08/25/2026 Var
8,565.660 98.8850
99.8960
101.1100
99.1120
100.1800
8,470.15
86,369.09
576,327.00
44,600.40
80,144.00
8,565.21
86,615.40
569,913.42
45,481.50
79,988.80
-95.06
-246.31
6,413.58
-881.10
155.20
0.0 0.1
0.4 0.0
0.1 274.96
4,461.28
29,526.00
967.50
3.25 5.16
5.12 2.17
4.79 Bmw Vehicle Lease - 05593AAC3
A B S Ser 2023 1 Cl A 3
5.160 11/25/2025
86,459.010
Bmw Vehicle Owner Trust - 096919AD7
A B S Ser 2024 A Cl A 3
5.180 02/26/2029
570,000.000
Caterpillar Finl Service - 14913Q3B3
Medium Term Note
2.150 11/08/2024
45,000.000
Caterpillar Finl Svcs - 14913R3B1
Medium Term Note
4.800 01/06/2026
80,000.000 3,840.00
Caterpillar Finl Svcs - 14913UAJ9
Medium Term Note
4.850 02/27/2029
1,300,000.000 101.6930
94.3350
95.1680
100.8360
1,322,009.00
23,583.75
1,290,499.00
24,991.70
31,510.00
-1,407.95
109.65
1.0 0.0
0.1 0.5
63,050.00
612.50
4.77 2.60
3.36 4.76
Charles Schwab Corp - 808513BY0
2.450 03/03/2027
25,000.000
85,000.000
Charles Schwab Corp - 808513AU9
3.200 01/25/2028
80,892.80 80,783.15 2,720.00
33,600.00
Cisco Sys Inc - 17275RBQ4
4.800 02/26/2027
700,000.000 705,852.00 694,694.00 11,158.00
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 41
Menifee Mayor and City Council
December 4, 2024
Page
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ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Costco Wholesale Corp - 22160KAM7
3.000 05/18/2027
20,000.000 96.7320 19,346.40 19,535.80 -189.40 0.0 600.00 3.10 Deere John Capital Corp - 24422EWJ4
Medium Term Note
4.050 09/08/2025
70,000.000 99.1490
96.3780
69,404.30
33,732.30
69,267.10
36,755.95
137.20 0.1
0.0 2,835.00
1,032.50
4.08 3.06
Duke Energy Carolinas - 26442CAS3
2.950 12/01/2026
35,000.000 -3,023.65
Gm Fin Cons Auto Rec - 380146AC4
A B S Ser 2022 1 Cl A3
1.260 11/16/2026
4,906.800 98.0740 4,812.30 4,906.36 -94.06 0.0 61.83 1.28 Gm Fin Cons Auto Rec Tr - 362554AC1
A B S Ser 2021 4 Cl A 3
0.680 09/16/2026
4,067.420 97.9490 3,984.00 4,067.30 -83.30 0.0
0.6 27.66 0.69
4.81 Home Depot Inc - 437076CW0
4.900 04/15/2029
750,000.000 101.8870 764,152.50 742,725.00 21,427.50 36,750.00 Honda Auto Rec Owner - 437930AC4
A B S Ser 2024 2 Cl A 3
5.270 11/20/2028
210,000.000 101.2820
98.1700
98.1970
212,692.20
52,846.01
3,508.28
209,974.48
51,780.86
3,571.94
2,717.72
1,065.15
-63.66
0.2 0.0
0.0 11,067.00
1,012.03
31.44 5.20
1.91 0.90
Honda Auto Rec Ownr Tr - 43815BAC4
A B S Ser 2022 1 Cl A 3
1.880 05/15/2026
53,831.120
Honda Auto Rec Ownr Tr 2021 4 - 43815GAC3
A B S Ser 2021 4 Cl A3
01/21/2026 Var
3,572.700
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 42
Menifee Mayor and City Council
December 4, 2024
Page
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ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Honeywell International - 438516BL9
2.500 11/01/2026
140,000.000 95.7070 133,989.80 131,150.60 2,839.20
1.99 0.1
0.0 0.0
1.2 0.0
0.0 0.0
0.0 3,500.00
48.90 2.61
0.75 2.26
4.50 0.53
5.10 2.36
5.01 Hyundai Auto Rec Tr - 44935FAD6
A B S Ser 2021 C Cl A3
0.740 05/15/2026
6,608.260 98.5970
98.3080
100.0990
98.3540
99.8680
98.3590
99.9480
6,515.55
14,160.36
1,551,534.50
3,973.21
6,513.56
14,403.52
1,509,761.00
4,039.33
Hyundai Auto Rec Tr - 448977AD0
A B S Ser 2022 A Cl A3
10/15/2026 Var
14,404.080 -243.16
41,773.50
-66.12
319.77
John Deere Capital Corporation - 24422EXH7
Medium Term Note
4.500 01/16/2029
1,550,000.000 69,750.00
21.01 John Deere Own - 47789QAC4
A B S Ser 2021 B Cl A 3
03/16/2026 Var
4,039.700
25,000.000
5,142.790
John Deere Owner - 47800BAC2
A B S Ser 2022 C Cl A 3
5.090 06/15/2027
24,967.00
5,058.40
24,998.06
5,141.65
-31.06 1,272.50
119.31
John Deere Owner Tr - 47787JAC2
A B S Ser 2022 Cl A 3
09/15/2026 Var
-83.25
John Deere Owner Trust - 47800CAC0
A B S Ser 2023 A Cl A3
5.010 11/15/2027
20,000.000 19,989.60 19,996.36 -6.76 1,002.00
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 43
Menifee Mayor and City Council
December 4, 2024
Page
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CITY OF MENIFEE Page 21 of 46
ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
John Deere Ownr Tr - 47800AAC4
A B S Ser 2022 B Cl A3
02/16/2027 Var
12,589.190
70,000.000
12,000.000
98.8650
97.4930
97.6950
95.9670
98.4720
98.1550
12,446.30
68,245.10
12,587.99
67,053.70
-141.69
1,191.40
-724.56
0.0 0.1
0.0 0.9
0.3 0.0
470.84
2,647.40
249.96
3.78 3.88
2.13 3.66
4.02 2.04
Jpmorgan Chase Co - 46625HRY8
02/01/2028 Var
Jpmorgan Chase Co - 46647PBK1
2.083 04/22/2026
11,723.40 12,447.96
Jpmorgan Chase Co - 46647PAM8
3.509 01/23/2029
1,250,000.000 1,199,587.50
393,888.00
34,354.25
1,169,226.50
388,284.00
36,067.15
30,361.00
5,604.00
-1,712.90
43,862.50
15,840.00
700.00
Jpmorgan Chase Co - 46647PBA3
3.960 01/29/2027
400,000.000
35,000.000
Mastercard Inc - 57636QAN4
2.000 03/03/2025
Mercedes Benz Auto - 58770AAC7
A B S Ser 2023 1 Cl A3
4.510 11/15/2027
35,000.000
130,000.000
125,000.000
99.3970
99.3140
98.1770
34,788.95
129,108.20
122,721.25
34,995.80
130,394.70
120,882.50
-206.85
-1,286.50
1,838.75
0.0 0.1
0.1 1,578.50
5,265.00
3,906.25
4.54 4.08
3.18 Merck Co Inc - 58933YBH7
4.050 05/17/2028
Microsoft Corp - 594918BJ2
3.125 11/03/2025
Morgan Stanley - 61747YEZ4
Medium Term Note
5.050 01/28/2027
750,000.000 100.1180 750,885.00 744,262.05 6,622.95 0.6 37,875.00 5.04 Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 44
Menifee Mayor and City Council
December 4, 2024
Page
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CITY OF MENIFEE Page 22 of 46
ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Morgan Stanley - 61747YFD2
Medium Term Note
5.164 04/20/2029
800,000.000 101.0070 808,056.00 794,520.00 13,536.00 0.6 41,312.00 5.11 Morgan Stanley Fr - 6174468Q5
Medium Term Note
2.188 04/28/2026
35,000.000 97.6480
96.1800
34,176.80 33,013.20 1,163.60 0.0
1.2 765.80 2.24
3.85 National Rural Util Coop - 637432NS0
3.700 03/15/2029
1,600,000.000 1,538,880.00 1,507,712.00 31,168.00 59,200.00 National Rural Utils Coop Fin - 63743HFE7
Medium Term Note
3.450 06/15/2025
10,000.000 98.5620 9,856.20 9,997.30 -141.10 0.0 345.00 3.50 National Rural Utils Corp Fin - 63743HFH0
Medium Term Note
4.450 03/13/2026
70,000.000 99.3600
98.6730
69,552.00
14,800.95
69,950.30
14,975.70
-398.30
-174.75
0.1 0.0
3,115.00
600.00
4.48 4.05
Northern Tr Corp Sr Nt - 665859AW4
4.000 05/10/2027
15,000.000
Paccar Financial Corp - 69371RR73
Medium Term Note
2.850 04/07/2025
35,000.000 98.4280
100.4270
100.4610
34,449.80
100,427.00
34,990.90
99,515.00
-541.10
912.00
0.0 0.1
1.2 997.50
4,600.00
69,000.00
2.90 4.58
4.58 Paccar Financial Corp - 69371RS31
Medium Term Note
4.600 01/10/2028
100,000.000
Paccar Financial Corp - 69371RS80
Medium Term Note
4.600 01/31/2029
1,500,000.000 1,506,915.00 1,468,515.00 38,400.00
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 45
Menifee Mayor and City Council
December 4, 2024
Page
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CITY OF MENIFEE Page 23 of 46
ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Pepsico Inc - 713448CT3
2.750 04/30/2025
130,000.000 98.3250
99.4340
127,822.50
134,235.90
124,989.80
134,947.35
2,832.70
-711.45
0.1 0.1
1.3 3,575.00
6,423.30
78,000.00
2.80 4.78
4.83 Pnc Financial Services - 693475BL8
4.758 01/26/2027
135,000.000
Prologis L P - 74340XCG4
4.875 06/15/2028
1,600,000.000 100.9880 1,615,808.00 1,577,232.00 38,576.00 Public Service Electric - 74456QBR6
Medium Term Note
2.250 09/15/2026
850,000.000 95.1730 808,970.50 807,126.00 1,844.50 0.6 19,125.00 2.36 Public Service Electric - 74456QBX3
Medium Term Note
3.650 09/01/2028
800,000.000 96.8060
98.8670
97.6730
99.9780
96.1990
101.0020
774,448.00
19,773.40
752,432.00
19,714.00
22,016.00
59.40 0.6
0.0 0.1
1.1 0.6
0.1 29,200.00
775.00
3.77 3.92
4.04 4.75
3.90 4.94
Reality Income Corp - 756109AV6
3.875 04/15/2025
20,000.000
Realty Income Corp - 756109BG8
3.950 08/15/2027
100,000.000 97,673.00 97,097.00 576.00 3,950.00
68,875.00
30,000.00
6,241.25
Realty Income Corp Sr - 756109CF9
4.750 02/15/2029
1,450,000.000 1,449,681.00
769,592.00
126,252.50
1,410,895.00
749,536.00
125,000.00
38,786.00
20,056.00
1,252.50
Simon Property Group LP - 828807DE4
3.375 12/01/2027
800,000.000
State Str Corp Sr Nt - 857477CL5
4.993 03/18/2027
125,000.000
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 46
Menifee Mayor and City Council
December 4, 2024
Page
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CITY OF MENIFEE Page 24 of 46
ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Target Corp - 87612EBM7
1.950 01/15/2027
20,000.000 94.2740 18,854.80 19,966.00 -1,111.20
-543.60
0.0 0.0
0.0 0.0
0.0 0.0
0.1 1.2
390.00
1,643.20
199.61
2.07 4.18
0.72 3.80
1.20 1.47
4.60 5.11
Toronto Dominion Bank - 89115A2C5
Medium Term Note
4.108 06/08/2027
40,000.000 98.3060
98.2370
98.8830
93.7260
98.2950
100.4640
102.7020
39,322.40
27,618.50
24,461.77
37,490.40
29,488.50
80,371.20
1,489,179.00
39,866.00
26,476.72
24,326.43
39,982.40
29,959.80
79,947.20
1,455,605.50
Toyota Auto Rec Own Tr - 89238JAC9
A B S Ser 2021 D Cl A 3
04/15/2026 Var
28,114.150 1,141.78
135.34
Toyota Auto Rec Own Tr - 89231CAD9
A B S Ser 2022 C Cl A 3
3.760 04/15/2027
24,738.090 930.15
Toyota Mtr Cr Corp - 89236TJK2
Medium Term Note
1.125 06/18/2026
40,000.000
30,000.000
-2,492.00
-471.30
450.00
Toyota Mtr Cr Corp - 89236TJT3
Medium Term Note
1.450 01/13/2025
435.00
Toyota Mtr Cr Corp - 89236TKQ7
Medium Term Note
4.625 01/12/2028
80,000.000 424.00 3,700.00
76,125.00
Toyota Mtr Cr Corp - 89236TLB9
Medium Term Note
5.250 09/11/2028
1,450,000.000 33,573.50
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 47
Menifee Mayor and City Council
December 4, 2024
Page
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CITY OF MENIFEE Page 25 of 46
ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Truist Finl Corp - 89788MAA0
Medium Term Note
1.200 08/05/2025
30,000.000 96.0190
94.0390
99.0750
102.5980
28,805.70
37,615.60
842,137.50
718,186.00
29,341.20
39,563.60
822,681.00
702,464.00
-535.50
-1,948.00
19,456.50
15,722.00
0.0 0.0
0.7 0.6
360.00
460.00
1.25 1.22
4.29 5.12
Unitedhealth Group Inc - 91324PEC2
1.150 05/15/2026
40,000.000
Unitedhealth Group Inc - 91324PEU2
4.250 01/15/2029
850,000.000 36,125.00
36,750.00
Unitedhealth Group Inc - 91324PEP3
5.250 02/15/2028
700,000.000
US Bancorp - 91159HJK7
Medium Term Note
4.653 02/01/2029
1,600,000.000 99.2230
93.3260
1,587,568.00 1,550,764.50 36,803.50 1.2 74,448.00 4.69
1.13 Walmart Inc - 931142ER0
1.050 09/17/2026
10,000.000 9,332.60 9,981.10 -648.50 0.0 105.00
Total Corporate Issues $28,612,367.37 $28,078,831.70 $533,535.67 22.3 $1,258,718.80 Foreign Issues
Bank Montreal Que - 06368D3S1
Medium Term Note
3.700 06/07/2025
75,000.000 98.7430
92.8340
74,057.25
37,133.60
73,120.50
39,951.60
936.75 0.1
0.0 2,775.00
500.00
3.75 1.35
Bank Of Montreal - 06368FAC3
Medium Term Note
1.250 09/15/2026
40,000.000 -2,818.00
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 48
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December 4, 2024
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ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Inter American Devel Bk - 4581X0DC9
3.125 09/18/2028
120,000.000 96.3810 115,657.20 112,706.40 2,950.80
-4,035.00
0.1 0.1
3,750.00
656.25
3.24 0.93
Inter American Devel Bk - 4581X0DV7
Medium Term Note
0.875 04/20/2026
75,000.000 94.1620 70,621.50 74,656.50
Inter American Devel Bk - 4581X0EN4
Medium Term Note
4.125 02/15/2029
1,385,000.000 100.4120
95.0900
97.9510
1,390,706.20
71,317.50
1,381,426.20
74,670.05
9,280.00
-3,352.55
24,375.00
1.1 0.1
1.0 57,131.25
375.00
4.11 0.53
3.57 International Bank M T N - 459058JL8
0.500 10/28/2025
75,000.000
International Bank M T N - 459058KT9
3.500 07/12/2028
1,300,000.000 1,273,363.00 1,248,988.00 45,500.00
International Finance Corp - 45950KDD9
Medium Term Note
4.500 07/13/2028
100,000.000 101.6040
98.7300
101,604.00
19,746.00
99,889.00
19,992.60
1,715.00
-246.60
0.1 0.0
0.1 1.2
4,500.00
675.00
4.43 3.42
4.86 4.89
Royal Bk Cda - 78016EZ59
Medium Term Note
3.375 04/14/2025
20,000.000
Royal Bk Cda - 78016FZW7
Medium Term Note
4.900 01/12/2028
80,000.000 100.7350
101.2870
80,588.00 79,957.60 630.40 3,920.00
76,725.00
Royal Bk Cda - 78016HZV5
Medium Term Note
4.950 02/01/2029
1,550,000.000 1,569,948.50 1,530,273.50 39,675.00
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 49
Menifee Mayor and City Council
December 4, 2024
Page
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ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Toronto Dominion Bank - 89115A2K7
Medium Term Note
5.103 01/09/2026
80,000.000 100.3650
102.9420
80,292.00 79,890.40 401.60 0.1 4,082.40 5.08
5.36 Toronto Dominion Bank - 89115A2U5
Medium Term Note
5.523 07/17/2028
1,400,000.000 1,441,188.00 1,406,219.50 34,968.50 1.1 77,322.00 Total Foreign Issues $6,326,222.75 $6,221,741.85 $104,480.90 4.9 $277,911.90 Total Taxable Bonds $126,505,576.01
$128,337,528.17
$127,616,668.33
$129,448,620.49
-$1,111,092.32
-$1,111,092.32
98.6 $3,917,378.09
$4,012,360.27Total Assets 100.0
Estimated Current Yield 3.12
ASSET DETAIL MESSAGES
Time of trade execution and trading party (if not disclosed) will be provided upon request.
Publicly traded assets are valued in accordance with market quotations or valuation methodologies from financial industry services believed by us to be reliable. Assets that are not publicly traded may be reflected at values from other external sources. Assets for which a current value is not available may be reflected at a previous value or as not valued, at par value, or at a nominal value. Values shown do not necessarily reflect prices at which assets could be bought or sold. Values are updated based on internal policy and may be updated less frequently than statement generation.
Estimated Current Yield and Estimated Annual Income are estimates provided for informational purposes only and should not be relied on for making investment, trading, or tax decisions. The estimates may not represent the actual value earned by your investments and they provide no guarantee of what your investments may earn in the future.
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 50
Menifee Mayor and City Council
December 4, 2024
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ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024
TRANSACTION DETAIL
Date
Posted Activity Description Cash Tax Cost
Beginning Balance 07/01/2024 $0.00 $129,101,561.18
07/01/24
07/01/24
07/01/24
07/01/24
07/01/24
07/01/24
07/01/24
07/01/24
07/08/24
07/08/24
07/09/24
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Interest Earned On
F H L B Deb 1.000% 6/30/26
0.005 USD/$1 Pv On 5,000,000 Par Value Due 6/30/24
25,000.00
Interest Earned On
F H L B Deb 1.050% 6/30/26
0.00525 USD/$1 Pv On 5,000,000 Par Value Due 6/30/24
26,250.00
11,000.00
13,243.75
16,687.50
16,468.75
18,062.50
11,354.07
1,920.00
528.13
Interest Earned On
U S Treasury Nt 2.750% 6/30/25
0.01375 USD/$1 Pv On 800,000 Par Value Due 6/30/24
Interest Earned On
U S Treasury Nt 3.250% 6/30/27
0.01625 USD/$1 Pv On 815,000 Par Value Due 6/30/24
Interest Earned On
U S Treasury Nt 3.750% 12/31/28
0.01875 USD/$1 Pv On 890,000 Par Value Due 6/30/24
Interest Earned On
U S Treasury Nt 3.875% 12/31/27
0.019375 USD/$1 Pv On 850,000 Par Value Due 6/30/24
Interest Earned On
U S Treasury Nt 4.250% 12/31/25
0.02125 USD/$1 Pv On 850,000 Par Value Due 6/30/24
Interest Earned On
Federated Hermes Govt Obligs Is
Interest From 6/1/24 To 6/30/24
Interest Earned On
Caterpillar Finl Mtn 4.800% 1/06/26
0.024 USD/$1 Pv On 80,000 Par Value Due 7/6/24
Interest Earned On
F N M A 1.625% 1/07/25
0.008125 USD/$1 Pv On 65,000 Par Value Due 7/7/24
Interest Earned On 2,041.20
Toronto Dominion Mtn 5.103% 1/09/26
0.025515 USD/$1 Pv On 80,000 Par Value Due 7/9/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 51
Menifee Mayor and City Council
December 4, 2024
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ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
07/10/24
07/12/24
07/12/24
07/12/24
07/12/24
07/15/24
07/15/24
07/15/24
07/15/24
07/15/24
07/15/24
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Sale
Interest Earned On
Paccar Financial Mtn 4.600% 1/10/28
0.023 USD/$1 Pv On 100,000 Par Value Due 7/10/24
2,300.00
Interest Earned On
Royal Bk Cda Mtn 4.900% 1/12/28
0.0245 USD/$1 Pv On 80,000 Par Value Due 7/12/24
1,960.00
3,055.00
22,750.00
1,850.00
78.33 Interest Earned On
American Honda Mtn 4.700% 1/12/28
0.0235 USD/$1 Pv On 130,000 Par Value Due 7/12/24
Interest Earned On
Intl Bk M T N 3.500% 7/12/28
0.0175 USD/$1 Pv On 1,300,000 Par Value Due 7/12/24
Interest Earned On
Toyota Mtr Cr M T N 4.625% 1/12/28
0.023125 USD/$1 Pv On 80,000 Par Value Due 7/12/24
Interest Earned On
Toyota Auto Rec 3.760% 4/15/27
$0.00313/Pv On 25,000.00 Pv Due 7/15/24
Paid Down 261.91 Par Value Of
Toyota Auto Rec 3.760% 4/15/27
Trade Date 7/15/24
261.91 -257.55
-4,802.07
-1,309.45
Asset Income
Sale
Interest Earned On
Honda Auto Rec Own 1.880% 5/15/26
$0.00157/Pv On
92.16 58,823.33 Pv Due 7/15/24
Paid Down 4,992.21 Par Value Of
Honda Auto Rec Own 1.880% 5/15/26
Trade Date 7/15/24
4,992.21
29.07Asset Income
Sale
Interest Earned On
Hyundai Auto Rec 2.220% 10/15/26
$0.00185/Pv On 15,713.58 Pv Due 7/15/24
Paid Down 1,309.5 Par Value Of
Hyundai Auto Rec 2.220% 10/15/26
Trade Date 7/15/24
1,309.50
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 52
Menifee Mayor and City Council
December 4, 2024
Page
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ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
07/15/24
07/15/24
07/15/24
07/15/24
07/15/24
07/15/24
07/15/24
07/15/24
07/15/24
07/15/24
07/15/24
Asset Income Interest Earned On
Hyundai Auto Rec Tr 0.740% 5/15/26
$0.00062/Pv On
4.66 7,560.22 Pv Due 7/15/24
Sale Paid Down 951.96 Par Value Of
Hyundai Auto Rec Tr 0.740% 5/15/26
Trade Date 7/15/24
951.96
10.74 -938.31
Asset Income
Sale
Interest Earned On
John Deere Owner 2.320% 9/15/26
$0.00193/Pv On 5,552.70 Pv Due 7/15/24
Paid Down 409.91 Par Value Of
John Deere Owner 2.320% 9/15/26
Trade Date 7/15/24
409.91
1.91 -409.82
-371.10
-613.09
Asset Income
Sale
Interest Earned On
John Deere Own 0.520% 3/16/26
$0.00043/Pv On 4,410.83 Pv Due 7/15/24
Paid Down 371.13 Par Value Of
John Deere Own 0.520% 3/16/26
Trade Date 7/15/24
371.13
41.15Asset Income
Sale
Interest Earned On
John Deere Ownr Tr 3.740% 2/16/27
$0.00312/Pv On 13,202.34 Pv Due 7/15/24
Paid Down 613.15 Par Value Of
John Deere Ownr Tr 3.740% 2/16/27
Trade Date 7/15/24
613.15
106.04
83.50 Asset Income
Asset Income
Asset Income
Interest Earned On
John Deere Owner 5.090% 6/15/27
$0.00424/Pv On 25,000.00 Pv Due 7/15/24
Interest Earned On
John Deere Owner 5.010% 11/15/27
$0.00418/Pv On 20,000.00 Pv Due 7/15/24
Interest Earned On 131.54
Mercedes Benz Auto 4.510% 11/15/27
$0.00376/Pv On 35,000.00 Pv Due 7/15/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 53
Menifee Mayor and City Council
December 4, 2024
Page
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ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
07/15/24
07/15/24
07/15/24
Asset Income Interest Earned On
Toyota Auto Rec 0.710% 4/15/26
$0.00059/Pv On
18.47 31,223.09 Pv Due 7/15/24
Sale Paid Down 3,108.94 Par Value Of
Toyota Auto Rec 0.710% 4/15/26
Trade Date 7/15/24
3,108.94 -2,927.87
Sale Matured 40,000 Par Value Of
Salesforce Com Inc 0.625% 7/15/24
Trade Date 7/15/24
40,000.00 -39,628.55
40,000 Par Value At 100 %
07/15/24
07/15/24
07/15/24
07/15/24
07/15/24
07/15/24
07/15/24
07/16/24
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Interest Earned On
Ifc M T N 4.500% 7/13/28
0.0225 USD/$1 Pv On 100,000 Par Value Due 7/13/24
2,250.00
217.50Interest Earned On
Toyota Mtr Mtn 1.450% 1/13/25
0.00725 USD/$1 Pv On 30,000 Par Value Due 7/13/24
Interest Earned On
Salesforce Com Inc 0.625% 7/15/24
0.003125 USD/$1 Pv On 40,000 Par Value Due 7/15/24
125.00
Interest Earned On
Target Corp 1.950% 1/15/27
0.00975 USD/$1 Pv On 20,000 Par Value Due 7/15/24
195.00
Interest Earned On
U S Treasury Nt 4.000% 1/15/27
0.02 USD/$1 Pv On 800,000 Par Value Due 7/15/24
16,000.00
19,125.00
18,062.50
2.53 Interest Earned On
U S Treasury Nt 4.500% 7/15/26
0.0225 USD/$1 Pv On 850,000 Par Value Due 7/15/24
Interest Earned On
Unitedhealth Group 4.250% 1/15/29
0.02125 USD/$1 Pv On 850,000 Par Value Due 7/15/24
Interest Earned On
Gm Fin Cons Auto 0.680% 9/16/26
$0.00057/Pv On 4,472.68 Pv Due 7/16/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 54
Menifee Mayor and City Council
December 4, 2024
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ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
07/16/24
07/16/24
07/16/24
07/16/24
Sale Paid Down 405.26 Par Value Of
Gm Fin Cons Auto 0.680% 9/16/26
Trade Date 7/16/24
405.26 -405.25
Asset Income
Sale
Interest Earned On
Gm Fin Cons Auto 1.260% 11/16/26
5.63 451.37
510.00
$0.00105/Pv On 5,358.17 Pv Due 7/16/24
Paid Down 451.37 Par Value Of
Gm Fin Cons Auto 1.260% 11/16/26
Trade Date 7/16/24
-451.33
Asset Income Interest Earned On
Royal Bank Of Mtn 2.550% 7/16/24
0.01275 USD/$1 Pv On 40,000 Par Value Due 7/16/24
Interest On Maturity 7/16
07/16/24 Sale Matured 40,000 Par Value Of
Royal Bank Of Mtn 2.550% 7/16/24
Trade Date 7/16/24
40,000.00 -40,598.00
40,000 Par Value At 100 %
07/16/24
07/17/24
07/18/24
07/22/24
07/22/24
07/22/24
Asset Income
Asset Income
Asset Income
Asset Income
Sale
Interest Earned On
John Deere Mtn 4.500% 1/16/29
0.0235 USD/$1 Pv On 1,550,000 Par Value Due 7/16/24
36,425.00
38,661.00
922.25
2.93 Interest Earned On
Toronto Dominion Mtn 5.523% 7/17/28
0.027615 USD/$1 Pv On 1,400,000 Par Value Due 7/17/24
Interest Earned On
Honda Auto Rec Owner 5.270% 11/20/28
$0.00439/Pv On 210,000.00 Pv Due 7/18/24
Interest Earned On
Honda Auto Rec 0.880% 1/21/26
$0.00073/Pv On 3,995.75 Pv Due 7/21/24
Paid Down 423.05 Par Value Of
Honda Auto Rec 0.880% 1/21/26
Trade Date 7/21/24
423.05
762.00
-422.96
Asset Income Interest Earned On
Bank America Mtn 5.080% 1/20/27
0.0254 USD/$1 Pv On 30,000 Par Value Due 7/20/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 55
Menifee Mayor and City Council
December 4, 2024
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ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
07/22/24
07/22/24
07/23/24
07/25/24
07/25/24
07/25/24
07/25/24
07/25/24
07/25/24
07/25/24
07/25/24
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Sale
Interest Earned On
Bank Of America Mtn 3.824% 1/20/28
0.01912 USD/$1 Pv On 75,000 Par Value Due 7/20/24
1,434.00
Interest Earned On
F H L M C M T N 0.375% 7/21/25
0.001875 USD/$1 Pv On 80,000 Par Value Due 7/21/24
150.00
21,931.25
3,608.73
33.04 Interest Earned On
Jpmorgan Chase Co 3.509% 1/23/29
0.017545 USD/$1 Pv On 1,250,000 Par Value Due 7/23/24
Interest Earned On
Bmw Vehicle Owner 5.180% 2/26/29
$0.00633/Pv On 570,000.00 Pv Due 7/25/24
Interest Earned On
F H L M C Mltcl Mtg 2.670% 12/25/24
$0.00223/Pv On 14,849.42 Pv Due 7/25/24
Paid Down 835.26 Par Value Of
F H L M C Mltcl Mtg 2.670% 12/25/24
Trade Date 7/25/24
835.26
69.46 -843.09
Asset Income
Asset Income
Asset Income
Asset Income
Sale
Interest Earned On
F H L M C Mltcl Mt 3.334% 8/25/25
$0.00278/Pv On 25,000.00 Pv Due 7/25/24
Interest Earned On
F H L M C Mltcl Mtg 2.995% 12/25/25
$0.00250/Pv On 125,000.00 Pv Due 7/25/24
311.98
228.49
87.56 Interest Earned On
F H L M C Mltcl Mtg 2.031% 9/25/28
$0.00169/Pv On 135,000.00 Pv Due 7/25/24
Interest Earned On
F H L B Gtd Remic 3.171% 10/25/24
$0.00264/Pv On 33,133.68 Pv Due 7/25/24
Paid Down 540.91 Par Value Of
F H L B Gtd Remic 3.171% 10/25/24
Trade Date 7/25/24
540.91 -581.86
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 56
Menifee Mayor and City Council
December 4, 2024
Page
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ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
07/25/24
07/25/24
07/25/24
07/25/24
07/25/24
07/25/24
07/25/24
07/25/24
07/25/24
07/25/24
07/25/24
Asset Income Interest Earned On
F H L M C Mltcl Mtg 3.329% 5/25/25
$0.00277/Pv On
96.64 34,836.78 Pv Due 6/25/24
Sale Paid Down 73.19 Par Value Of
F H L M C Mltcl Mtg 3.329% 5/25/25
Trade Date 6/25/24
73.19 164.20
276.35
199.09
200.08
4,875.00
4,277.50
160.13
252.50
265.58
-75.23
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Interest Earned On
F H L M C Mltcl Mt 3.284% 6/25/25
0.002737 USD/$1 Pv On 60,000 Par Value Due 7/25/24
Interest Earned On
F H L M C Mltcl Mt 2.653% 8/25/26
$0.00221/Pv On 125,000.00 Pv Due 7/25/24
Interest Earned On
F H L M C Mltcl Mtg 3.413% 12/25/26
$0.00284/Pv On 70,000.00 Pv Due 7/25/24
Interest Earned On
F H L M C Mltcl Mt 3.430% 1/25/27
$0.00286/Pv On 70,000.00 Pv Due 7/25/24
Interest Earned On
F H L M C Mltcl Mt 3.900% 8/25/28
$0.00325/Pv On 1,500,000.00 Pv Due 7/25/24
Interest Earned On
F H L M C Mltcl Mt 3.422% 2/25/52
$0.00285/Pv On 1,500,000.00 Pv Due 7/25/24
Interest Earned On
F H L M C Mltcl Mtg 2.745% 1/25/26
0.002287 USD/$1 Pv On 70,000 Par Value Due 7/25/24
Interest Earned On
F H L M C Mltcl Mtg 2.525% 5/25/26
0.002104 USD/$1 Pv On 120,000 Par Value Due 7/25/24
Interest Earned On
F H L M C Mltcl Mt 3.187% 9/25/27
$0.00266/Pv On 100,000.00 Pv Due 7/25/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 57
Menifee Mayor and City Council
December 4, 2024
Page
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ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
07/25/24
07/25/24
07/25/24
07/25/24
07/25/24
07/25/24
07/25/24
07/25/24
07/25/24
07/25/24
07/25/24
Sale Paid Down 35.63 Par Value Of
F H L M C Mltcl Mt 3.187% 9/25/27
Trade Date 7/25/24
35.63 -34.18
Asset Income
Asset Income
Sale
Interest Earned On
F H L M C Mltcl Mt 3.303% 11/25/27
0.002752 USD/$1 Pv On 30,000 Par Value Due 7/25/24
82.58 31.29Interest Earned On
F H L M C Mltcl Mt 3.064% 8/25/24
$0.00255/Pv On 12,255.62 Pv Due 7/25/24
Paid Down 3,154.97 Par Value Of
F H L M C Mltcl Mt 3.064% 8/25/24
Trade Date 7/25/24
3,154.97
31.92 -3,210.19
-3,932.13
-10,447.97
-767.56
Asset Income
Sale
Interest Earned On
F H L M C Mltcl Mtg 3.241% 9/25/24
$0.00270/Pv On 11,817.15 Pv Due 6/25/24
Paid Down 3,734.88 Par Value Of
F H L M C Mltcl Mtg 3.241% 9/25/24
Princ/Int Due
3,734.88
416.61
10,429.10
24.97 Asset Income
Sale
Interest Earned On
Bmw Vehicle Lease 5.160% 11/25/25
$0.00430/Pv On 96,888.11 Pv Due 7/25/24
Paid Down 10,429.1 Par Value Of
Bmw Vehicle Lease 5.160% 11/25/25
Trade Date 7/25/24
Asset Income
Sale
Interest Earned On
Bmw Veh Owner Tr 3.210% 8/25/26
$0.00268/Pv On 9,333.26 Pv Due 7/25/24
Paid Down 767.6 Par Value Of
Bmw Veh Owner Tr 3.210% 8/25/26
Trade Date 7/25/24
767.60
263.02Asset Income Interest Earned On
F H L M C Mltcl Mt 2.525% 10/25/26
$0.00210/Pv On 125,000.00 Pv Due 7/25/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 58
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ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
07/25/24
07/26/24
07/29/24
07/29/24
07/30/24
Asset Income
Asset Income
Asset Income
Asset Income
Purchase
Interest Earned On
Charles Schwab Corp 3.200% 1/25/28
0.016 USD/$1 Pv On 85,000 Par Value Due 7/25/24
1,360.00
Interest Earned On
Pnc Financial 4.758% 1/26/27
0.02379 USD/$1 Pv On 135,000 Par Value Due 7/26/24
3,211.65
18,937.50
7,920.00
Interest Earned On
Morgan Stanley Mtn 5.050% 1/28/27
0.02525 USD/$1 Pv On 750,000 Par Value Due 7/28/24
Interest Earned On
Jpmorgan Chase Co 3.960% 1/29/27
0.0198 USD/$1 Pv On 400,000 Par Value Due 7/29/24
Purchased 850,000 Par Value Of
Public Service Mtn 2.250% 9/15/26
Trade Date 7/29/24
-807,126.00 807,126.00
Purchased Through J.P. Morgan Securities LLC
Purchased On The Marketaxess Corporation
Swift External Ref#: 8421103133763745
850,000 Par Value At 94.956 %
07/30/24
07/30/24
Purchase Accrued Interest
Purchase
Paid Accrued Interest On Purchase Of
Public Service Mtn 2.250% 9/15/26
Income Debit 7,171.88- USD
-7,171.88
Purchased 1,250,000 Par Value Of
Inter Amer Bk M T N 4.125% 2/15/29
Trade Date 7/29/24
-1,247,625.00 1,247,625.00
Purchased Through J.P. Morgan Securities LLC
Purchased On The Marketaxess Corporation
Swift External Ref#: 8421103133763678
1,250,000 Par Value At 99.81 %
07/30/24 Purchase Accrued Interest Paid Accrued Interest On Purchase Of Inter Amer Bk M T N 4.125% 2/15/29
Income Debit 25,781.25- USD
-25,781.25
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 59
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ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
07/30/24 Purchase Purchased 1,500,000 Par Value Of
U S Treasury Nt 3.250% 6/30/29
Trade Date 7/29/24
-1,443,515.63 1,443,515.63
Purchased Through Wells Fargo Securities, LLC
Purchased On The Offexchange Transactions List
Swift External Ref#: 8421103133764025
1,500,000 Par Value At 96.234375 %
07/30/24
07/30/24
Purchase Accrued Interest
Sale
Paid Accrued Interest On Purchase Of
U S Treasury Nt 3.250% 6/30/29
Income Debit 3,974.19- USD
-3,974.19
Sold 4,000,000 Par Value Of 3,855,600.00 -4,000,000.00
F F C B Deb 0.650% 6/09/25
Trade Date 7/29/24
Sold Through Td Securities (USA)
Sold On The Marketaxess Corporation
Swift External Ref#: 8421103133763634
4,000,000 Par Value At 96.39 %
07/30/24
07/31/24
07/31/24
07/31/24
07/31/24
07/31/24
Sell Accrued Interest
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Received Accrued Interest On Sale Of
F F C B Deb 0.650% 6/09/25
Income Credit 3,683.33 USD
3,683.33
34,500.00
20,625.00
10,500.00
11,206.25
16,500.00
Interest Earned On
Paccar Financial Mtn 4.600% 1/31/29
0.023 USD/$1 Pv On 1,500,000 Par Value Due 7/31/24
Interest Earned On
U S Treasury Nt 1.375% 1/31/25
0.006875 USD/$1 Pv On 3,000,000 Par Value Due 7/31/24
Interest Earned On
U S Treasury Nt 2.625% 1/31/26
0.013125 USD/$1 Pv On 800,000 Par Value Due 7/31/24
Interest Earned On
U S Treasury Nt 2.750% 7/31/27
0.01375 USD/$1 Pv On 815,000 Par Value Due 7/31/24
Interest Earned On
U S Treasury Nt 4.000% 1/31/29
0.02 USD/$1 Pv On 825,000 Par Value Due 7/31/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 60
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ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
07/31/24
07/31/24
07/31/24
Asset Income
Asset Income
Asset Income
Purchase
Interest Earned On
U S Treasury Nt 4.125% 7/31/28
0.020625 USD/$1 Pv On 790,000 Par Value Due 7/31/24
16,293.75
Interest Earned On
U S Treasury Nt 4.250% 1/31/26
0.02125 USD/$1 Pv On 800,000 Par Value Due 7/31/24
17,000.00
19,000.00Interest Earned On
U S Treasury Nt 4.750% 7/31/25
0.02375 USD/$1 Pv On 800,000 Par Value Due 7/31/24
Combined Purchases For The Period 7/ 1/24 - 7/31/24 Of
Federated Hermes Govt Obligs Is
-961,820.24 961,820.24
Ending Balance 07/31/2024 $0.00 $129,448,620.49
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 61
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ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024
SALE/MATURITY SUMMARY
Settlement Estimated
Date Description Tax Cost Proceeds Gain/Loss
Taxable Bonds
Bmw Veh Owner Tr
A B S Ser 2022 A Cl A 3
08/25/2026
BVO3226
Var
07/25/24
07/25/24
Paid Down 767.6 Par
Value
Trade Date 7/25/24
-767.56 767.60
10,429.10
540.91
0.04 Bmw Vehicle Lease
A B S Ser 2023 1 Cl A 3
5.160 11/25/2025
05593AAC3
Paid Down 10,429.1
Par Value
Trade Date 7/25/24
-10,447.97 -18.87
F H L B Gtd R E M I C Pass Thru
C M O Ser K041 Cl A2
3.171 10/25/2024
3137BFE98
07/25/24 Paid Down 540.91
Par Value
-581.86 -40.95
Trade Date 7/25/24
F H L M C Multiclass Mtg Partn
C M O Ser K040 Cl A2
3.241 09/25/2024
FHL3224
07/25/24 Paid Down 3,734.88
Par Value
-3,932.13 3,734.88 -197.25
Princ/Int Due
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 62
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ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 SALE/MATURITY SUMMARY (continued)
Settlement
Date
Estimated
Gain/LossDescription Tax Cost Proceeds
F H L M C Multiclass Mtg Partn
C M O Ser K042 Cl A2
2.670 12/25/2024
3137BFXT3
07/25/24 Paid Down 835.26
Par Value
-843.09 835.26 -7.83
Trade Date 7/25/24
F H L M C Multiclass Mtg Partn
C M O Ser K047 Cl A2
3.329 05/25/2025
FHL3325A
07/25/24 Paid Down 73.19 Par
Value
Trade Date 6/25/24
-75.23
-34.18
73.19 -2.04
F H L M C Multiclass Mtg Partn
C M O Ser K069 Cl A2
3.187 09/25/2027
FHL3127A
07/25/24 Paid Down 35.63 Par
Value
35.63 1.45
Trade Date 7/25/24
F H L M C Multiclass Mtg Partn
C M O Ser K728 Cl A2
08/25/2024
FHL3024
Var
07/25/24 Paid Down 3,154.97
Par Value
-3,210.19 3,154.97 -55.22
Trade Date 7/25/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 63
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ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 SALE/MATURITY SUMMARY (continued)
Settlement Estimated
Date Description Tax Cost Proceeds Gain/Loss
Federal Farm Credit Bks
0.650 06/09/2025
3133EMF98
07/30/24 Sold 4,000,000 Par
Value
-4,000,000.00 3,855,600.00 -144,400.00
Trade Date 7/29/24
Sold Through Td Securities (USA)
Sold On The Marketaxess Corporation
Swift External Ref#: 8421103133763634
4,000,000 Par Value At 96.39 %
Gm Fin Cons Auto Rec
A B S Ser 2022 1 Cl A3
1.260 11/16/2026
GFC1226
07/16/24
07/16/24
07/15/24
Paid Down 451.37
Par Value
Trade Date 7/16/24
-451.33
-405.25
451.37
405.26
0.04 0.01
Gm Fin Cons Auto Rec Tr
A B S Ser 2021 4 Cl A 3
0.680 09/16/2026
GFC0626
Paid Down 405.26
Par Value
Trade Date 7/16/24
Honda Auto Rec Ownr Tr
A B S Ser 2022 1 Cl A 3
1.880 05/15/2026
HAR1826
Paid Down 4,992.21
Par Value
-4,802.07 4,992.21 190.14
Trade Date 7/15/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 64
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ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 SALE/MATURITY SUMMARY (continued)
Settlement
Date
Estimated
Gain/LossDescription Tax Cost Proceeds
Honda Auto Rec Ownr Tr 2021 4
A B S Ser 2021 4 Cl A3
01/21/2026
HAR0826
Var
07/22/24
07/15/24
07/15/24
07/15/24
Paid Down 423.05
Par Value
Trade Date 7/21/24
-422.96 423.05
951.96
0.09 Hyundai Auto Rec Tr
A B S Ser 2021 C Cl A3
0.740 05/15/2026
HAR0726
Paid Down 951.96
Par Value
Trade Date 7/15/24
-938.31
-1,309.45
-371.10
13.65 0.05
0.03 Hyundai Auto Rec Tr
A B S Ser 2022 A Cl A3
10/15/2026
HAR2226
Var
Paid Down 1,309.5
Par Value
Trade Date 7/15/24
1,309.50
John Deere Own
A B S Ser 2021 B Cl A 3
03/16/2026
JDO0926
Var
Paid Down 371.13
Par Value
371.13
Trade Date 7/15/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 65
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ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 SALE/MATURITY SUMMARY (continued)
Settlement Estimated
Date Description Tax Cost Proceeds Gain/Loss
John Deere Owner Tr
A B S Ser 2022 Cl A 3
09/15/2026
JDO2326
Var
07/15/24 Paid Down 409.91
Par Value
Trade Date 7/15/24
-409.82 409.91
613.15
0.09 John Deere Ownr Tr
A B S Ser 2022 B Cl A3
02/16/2027
JDO6827
Var
07/15/24
07/16/24
07/15/24
Paid Down 613.15
Par Value
Trade Date 7/15/24
-613.09
-40,598.00
-39,628.55
0.06 -598.00
371.45
Royal Bank Of Canada
Medium Term Note
2.550 7/16/2024
78013XZU5
Matured 40,000 Par
Value
Trade Date 7/16/24
40,000.00
40,000.00
40,000 Par Value At 100 %
Salesforce Com Inc
0.625 07/15/2024
79466LAG9
Matured 40,000 Par
Value
Trade Date 7/15/24
40,000 Par Value At 100 %
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 66
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ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 SALE/MATURITY SUMMARY (continued)
Settlement Estimated
Date Description Tax Cost Proceeds Gain/Loss
Toyota Auto Rec Own Tr
A B S Ser 2021 D Cl A 3
04/15/2026
TAR0726
Var
07/15/24 Paid Down 3,108.94
Par Value
-2,927.87 3,108.94 181.07
Trade Date 7/15/24
Toyota Auto Rec Own Tr
A B S Ser 2022 C Cl A 3
3.760 04/15/2027
TAR3727
07/15/24 Paid Down 261.91
Par Value
-257.55 261.91 4.36
Trade Date 7/15/24
Total Taxable Bonds -$4,113,027.56
-$4,113,027.56
$3,968,469.93
$3,968,469.93
-$144,557.63
-$144,557.63Total Sales & Maturities
SALE/MATURITY SUMMARY MESSAGES
Estimated Year-To-Date Short-Term Gain (Loss): $222.88
Estimated Year-To-Date Long-Term Gain (Loss): ($701,276.45) Estimates should not be used for tax purposes
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 67
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December 4, 2024
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ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024
BOND SUMMARY
Percentage of
CategoryPar Value Market Value
MATURITY
2024
2025
2026
2027
2028
2029
2030
3,388,789.85
24,001,222.60
36,675,252.68
16,557,291.65
16,180,000.00
30,580,000.00
0.00 3,358,782.94
23,402,664.58
34,975,719.46
16,416,717.08
16,197,974.50
30,711,662.45
0.00 2.66
18.50 27.65
12.98 12.81
24.27 0.00
2031 0.00 0.00 0.00
2032 0.00 0.00 0.00
2033 0.00 0.00 0.00
2034 - 2038
2039 - 2043
2044 - 2048
2049 - 2053
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 1.131,500,000.00 1,442,055.00
Total of Category $128,882,556.78 $126,505,576.01 100.00 Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 68
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December 4, 2024
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ACCOUNT NUMBER: 6736302020 July 1, 2024 to July 31, 2024 BOND SUMMARY (continued)
Percentage of
CategoryPar Value Market Value
MOODY'S RATING
Aaa
Aa2
Aa3
A1
A2
A3
92,987,281.75
55,000.00
90,852,875.26
52,034.45
71.81 0.04
0.07 14.85
3.38 5.79
0.02 4.04
90,000.00 87,432.95
18,907,000.00
4,245,000.00
7,335,000.00
30,000.00
18,787,574.15
4,271,566.15
7,320,385.40
28,805.70Baa1
N/A 5,233,275.03 5,104,901.95
Total of Category $128,882,556.78 $126,505,576.01 100.00
S&P RATING
AAA
AA+
AA
AA-
A+
A
A-
N/A
5,826,658.96
29,450,000.00
115,000.00
5,737,448.19
28,044,495.15
108,518.45
4.54 22.17
0.09 0.56
4.10 10.91
8.48 49.15
700,000.00 705,852.00
5,155,000.00
13,785,000.00
10,907,000.00
62,943,897.82
5,201,692.30
13,808,641.50
10,723,094.55
62,175,833.87
Total of Category $128,882,556.78 $126,505,576.01 100.00
BOND SUMMARY MESSAGES
Data contained within this section excluded Mutual Funds, Exchange Traded Funds, and Closed-Ended Funds.
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 69
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December 4, 2024
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Glossary
Accretion - The accumulation of the value of a discounted bond until maturity.
Adjusted Prior Market Realized Gain/Loss - The difference between the proceeds and the Prior Market Value of the transaction.
Adjusted Prior Market Unrealized Gain/Loss - The difference between the Market Value and the Adjusted Prior Market Value.
Adjusted Prior Market Value - A figure calculated using the beginning Market Value for the fiscal year, adjusted for all asset related transactions during the period, employing an average cost methodology.
Amortization - The decrease in value of a premium bond until maturity.
Asset - Anything owned that has commercial exchange value. Assets may consist of specific property or of claims against others, in contrast to obligations due to others (liabilities).
Bond Rating - A measurement of a bond's quality based upon the issuer's financial condition. Ratings are assigned by independent rating services, such as Moody's, or S&P, and reflect their opinion of the issuer's ability to meet the scheduled interest and principal repayments for the bond.
Cash - Cash activity that includes both income and principal cash categories.
Change in Unrealized Gain/Loss - Also reported as Gain/Loss in Period in the Asset Detail section.
This figure shows the market appreciation (depreciation) for the current period.
Cost Basis (Book Value) - The original price of an asset, normally the purchase price or appraised value at the time of acquisition. Book Value method maintains an average cost for each asset.
Cost Basis (Tax Basis) - The original price of an asset, normally the purchase price or appraised value at the time of acquisition. Tax Basis uses client determined methods such as Last-In-First-Out (LIFO), First-In-First-Out (FIFO), Average, Minimum Gain, and Maximum Gain.
Ending Accrual - (Also reported as Accrued Income) Income earned but not yet received, or expenses incurred but not yet paid, as of the end of the reporting period.
Estimated Annual Income - The amount of income a particular asset is anticipated to earn over the next year. The shares multiplied by annual income rate.
Estimated Current Yield - The annual rate of return on an investment expressed as a percentage. For stocks, yield is calculated by taking the annual dividend payments divided by the stock's current share price. For bonds, yield is calculated by the coupon rate divided by the bond's market price.
Ex-Dividend Date - (Also reported as Ex-Date) For stock trades, the person who owns the security on the ex-dividend date will earn the dividend, regardless of who currently owns the stock.
Income Cash - A category of cash comprised of ordinary earnings derived from investments, usually dividends and interest.
Market Value - The price per unit multiplied by the number of units.
Maturity Date - The date on which an obligation or note matures.
Payable Date - The date on which a dividend, mutual fund distribution, or interest on a bond will be made.
Principal Cash - A category of cash comprised of cash, deposits, cash withdrawals and the cash flows generated from purchases or sales of investments.
Realized Gain/Loss Calculation - The Proceeds less the Cost Basis of a transaction.
Settlement Date - The date on which a trade settles and cash or securities are credited or debited to the account.
Trade Date - The date a trade is legally entered into.
Unrealized Gain/Loss - The difference between the Market Value and Cost Basis at the end of the current period.
Yield on/at Market - The annual rate of return on an investment expressed as a percentage. For stocks, yield is calculated by the annual dividend payments divided by the stock's current share price.
For bonds, yield is calculated by the coupon rate divided by the bond's market price.
The terms defined in this glossary are only for use when reviewing your account statement. Please contact your Relationship Manager with any questions.
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 70
Menifee Mayor and City Council
December 4, 2024
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020631
-UC-214
U.S. Bank
1555 N. Rivercenter Dr.
Suite 300
Milwaukee, WI 53212
000017032 06 SP
CITY OF MENIFEE
000638767476252 S
FINANCE DEPARTMENT
29844 HAUN ROAD
MENIFEE, CA 92586
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 71
Menifee Mayor and City Council
December 4, 2024
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21015
00- -M -UC-UU -244-04
0220052-00-04007-04
QUESTIONS? ACCOUNT NUMBER: 6736302020
CITY OF MENIFEEIf you have any questions regarding your account or this statement, please contact your Administrator.
KATHERINE ARTISHON
EP-MN-WS4E
60 LIVINGSTON AVE.
ST PAUL MN 55107
E-mail [email protected]
Portfolio Manager:
TS PRT RC #1 - AUTO
CN-OH-W6TC
This statement is for the period from August 1, 2024 to August 31, 2024 000017411 06 SP
CITY OF MENIFEE
000638788338690 S
FINANCE DEPARTMENT
29844 HAUN ROAD
MENIFEE, CA 92586
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 72
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December 4, 2024
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Item Title: 10.2
Treasurer's Report - September 2024
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TABLE OF CONTENTS
Schedule Page
Market Value Summary ........................................................................................
Asset Summary ....................................................................................................
Income Summary ..................................................................................................
Cash Summary .....................................................................................................
Asset Detail ...........................................................................................................
Transaction Detail .................................................................................................
Sale/Maturity Summary .........................................................................................
Bond Summary ..................................................................................................... 1 2
3 4
5 28
36 42
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 74
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Item Title: 10.2
Treasurer's Report - September 2024
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024
MARKET VALUE SUMMARY
Current Period
08/01/24 to 08/31/24
Beginning Market Value $128,337,528.17
Taxable Interest 365,100.13
-737.61Long Term Gains/Losses
Short Term Gains/Losses
Change in Investment Value
6.39 906,734.20
Ending Market Value $129,608,631.28
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 76
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024
ASSET SUMMARY
Current Period
Market Value
% of
Total
Estimated
Annual IncomeAssets
Cash & Equivalents
Taxable Bonds
133,418.39 0.10 6,886.00
129,475,212.89 99.90 4,004,249.76
Total Market Value $129,608,631.28 100.00 $4,011,135.76 Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 77
Menifee Mayor and City Council
December 4, 2024
Page
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024
INCOME SUMMARY
Income Received
Current Period
Taxable Interest 365,100.13
Total Current Period Income $365,100.13
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 78
Menifee Mayor and City Council
December 4, 2024
Page
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024
CASH SUMMARY
Cash
$0.00Beginning Cash 08/01/2024
Taxable Interest
Purchases
365,100.13
-2,116,276.66
52,642.76Sales
Net Money Market Activity 1,698,533.77
Ending Cash 08/31/2024 $0.00
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 79
Menifee Mayor and City Council
December 4, 2024
Page
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024
ASSET DETAIL
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Cash & Equivalents
Cash/Money Market
Federated Hermes Govt Obligs Is - 60934N104
#5
133,418.390 1.0000 133,418.39 133,418.39 0.00 0.1 6,886.00 5.16 Total Cash/Money Market $133,418.39 $133,418.39 $0.00 0.1 $6,886.00 Total Cash & Equivalents $133,418.39 $133,418.39 $0.00 0.1 $6,886.00 Taxable Bonds
US Government Issues
F H L B Gtd R E M I C Pass Thru - 3137BFE98
C M O Ser K041 Cl A2
3.171 10/25/2024
23,809.920 99.5330
98.5160
96.5220
95.9040
23,698.73
78,812.80
77,217.60
71,928.00
25,612.39
79,938.40
79,736.00
74,777.85
-1,913.66
-1,125.60
-2,518.40
-2,849.85
0.0 0.1
0.1 0.1
755.01
1,200.00
300.00
3.19 1.52
0.39 0.39
F H L M C - 3137EAEP0
1.500 02/12/2025
80,000.000
F H L M C M T N - 3137EAEU9
0.375 07/21/2025
80,000.000
F H L M C M T N - 3137EAEX3
0.375 09/23/2025
75,000.000 281.25
F H L M C Multiclass Mtg Partn - 3137H4BY5
C M O Ser K 746 Cl A 2
1.985 09/25/2028
135,000.000 92.1180 124,359.30 116,263.48 8,095.82 0.1 2,741.85 2.20 Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 80
Menifee Mayor and City Council
December 4, 2024
Page
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
F H L M C Multiclass Mtg Partn - 3137BEVH4
C M O Ser K040 Cl A2
3.241 09/25/2024
2,368.660 99.6310
99.2410
98.7700
98.7160
98.5820
98.0260
97.6570
96.9700
2,359.92
13,881.70
34,267.22
58,862.14
24,645.50
122,532.50
68,359.90
116,364.00
2,493.76
14,119.01
35,658.89
63,411.94
26,792.97
121,166.99
67,000.39
116,042.97
-133.84
-237.31
0.0 0.0
0.0 0.0
0.0 0.1
0.1 0.1
76.77 373.48
3.25 2.69
3.37 3.33
3.38 3.05
2.81 2.60
F H L M C Multiclass Mtg Partn - 3137BFXT3
C M O Ser K042 Cl A2
2.670 12/25/2024
13,987.870
F H L M C Multiclass Mtg Partn - 3137BKRJ1
C M O Ser K047 Cl A2
3.329 05/25/2025
34,693.960 -1,391.67
-4,549.80
-2,147.47
1,365.51
1,359.51
321.03
1,154.96
1,958.18
833.50
F H L M C Multiclass Mtg Partn - 3137BLAC2
C M O Ser K048 Cl A2
06/25/2025 Var
59,627.760
F H L M C Multiclass Mtg Partn - 3137BLW95
C M O Ser K050 Cl A2
08/25/2025 Var
25,000.000
F H L M C Multiclass Mtg Partn - 3137BN6G4
C M O Ser K053 Cl A2
2.995 12/25/2025
125,000.000 3,743.75
1,921.50
3,030.00
F H L M C Multiclass Mtg Partn - 3137BNGT5
C M O Ser K054 Cl A2
2.745 01/25/2026
70,000.000
F H L M C Multiclass Mtg Partn - 3137BQYS0
C M O Ser K056 Cl A2
2.525 05/25/2026
120,000.000
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 81
Menifee Mayor and City Council
December 4, 2024
Page
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CITY OF MENIFEE Page 7 of 43
ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
F H L M C Multiclass Mtg Partn - 3137BSP72
C M O Ser K058 Cl A2
2.653 08/25/2026
125,000.000 96.8760
98.1780
98.1930
97.3340
97.6240
99.0170
97.0690
96.6440
121,095.00
68,724.60
118,955.08
67,716.80
2,139.92
1,007.80
1,023.77
1,389.90
720.40
0.1 0.1
0.1 0.1
0.0 1.1
1.1 0.1
3,316.25
2,389.10
2,401.00
3,180.85
990.90
2.74 3.48
3.49 3.27
3.38 3.94
3.52 2.61
F H L M C Multiclass Mtg Partn - 3137BUX60
C M O Ser K062 Cl A2
3.413 12/25/2026
70,000.000
F H L M C Multiclass Mtg Partn - 3137BVZ82
C M O Ser K063 Cl A2
01/25/2027 Var
70,000.000 68,735.10 67,711.33
F H L M C Multiclass Mtg Partn - 3137FBU79
C M O Ser K069 Cl A2
3.187 09/25/2027
99,806.930 97,146.08 95,756.18
F H L M C Multiclass Mtg Partn - 3137FCJK1
C M O Ser K070 Cl A2
11/25/2027 Var
30,000.000 29,287.20 28,566.80
F H L M C Multiclass Mtg Partn - 3137FJEH8
C M O Ser K081 Cl A2
08/25/2028 Var
1,500,000.000 1,485,255.00
1,456,035.00
120,805.00
1,436,718.75
1,405,195.31
117,695.31
48,536.25
50,839.69
3,109.69
58,500.00
51,330.01
3,156.25
F H L M C Multiclass Mtg Partn - 3137FLMV3
C M O Ser K090 Cl A2
3.422 02/25/2052
1,500,000.000
F H L M C Multiclass Mtg Partn - 3137FQXJ7
C M O Ser K737 Cl A2
2.525 10/25/2026
125,000.000
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 82
Menifee Mayor and City Council
December 4, 2024
Page
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
F N M A - 3135G05X7
0.375 08/25/2025
75,000.000 96.2010
96.8870
95.6990
98.8360
99.5720
97.5340
94.3200
98.6120
99.5900
100.2920
72,150.75
67,820.90
74,807.25
69,954.40
-2,656.50
-2,133.50
-2,562.95
-2,076.05
-179.90
0.1 0.1
0.0 0.0
0.1 0.0
3.6 0.2
0.2 0.1
281.25
350.00
0.39 0.52
0.52 1.64
1.63 0.64
0.85 1.77
3.89 3.86
F N M A - 3135G04Z3
0.500 06/17/2025
70,000.000
F N M A - 3135G06G3
0.500 11/07/2025
65,000.000 62,204.35 64,767.30 325.00
F N M A - 3135G0X24
1.625 01/07/2025
65,000.000 64,243.40 66,319.45 1,056.25
1,137.50
406.25
F N M A - 3135G0W66
1.625 10/15/2024
70,000.000 69,700.40 69,880.30
F N M A Deb - 3135G03U5
0.625 04/22/2025
65,000.000 63,397.10 64,866.10 -1,469.00
-261,500.00
7,715.40
-63.00
Federal Farm Credit Bks - 3133EML67
0.800 06/22/2026
5,000,000.000 4,716,000.00
216,946.40
209,139.00
150,438.00
4,977,500.00
209,231.00
209,202.00
150,753.00
40,000.00
3,850.00
8,137.50
5,812.50
Federal Farm Credit Bks - 3133ENPG9
1.750 02/14/2025
220,000.000
Federal Farm Credit Bks - 3133EN7J3
3.875 02/02/2026
210,000.000
Federal Farm Credit Bks - 3133EPGW9
3.875 04/25/2028
150,000.000 -315.00
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 83
Menifee Mayor and City Council
December 4, 2024
Page
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CITY OF MENIFEE Page 9 of 43
ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Federal Farm Credit Bks - 3133EPSK2
4.250 08/07/2028
75,000.000 101.5940
101.8210
102.5230
101.3840
102.6010
104.0370
95.9960
94.4570
94.5580
94.6450
76,195.50
274,916.70
717,661.00
709,688.00
97,470.95
74,100.00
272,999.70
689,017.00
693,700.00
93,915.10
2,095.50
1,917.00
0.1 0.2
0.6 0.5
0.1 0.6
3.0 3.6
3.6 3.7
3,187.50
11,475.00
30,625.00
31,500.00
4,275.00
4.18 4.17
4.27 4.44
4.39 4.57
0.73 0.93
1.06 1.11
Federal Farm Credit Bks - 3133EPN50
4.250 12/15/2028
270,000.000
Federal Farm Credit Bks - 3133ERAK7
4.375 04/10/2029
700,000.000 28,644.00
15,988.00
3,555.85
Federal Farm Credit Bks - 3133EP6K6
4.500 03/26/2027
700,000.000
Federal Farm Credit Bks - 3133EPWK7
4.500 09/22/2028
95,000.000
Federal Farm Credit Bks - 3133ERDH1
4.750 04/30/2029
700,000.000 728,259.00
3,839,840.00
4,722,850.00
4,727,900.00
4,732,250.00
706,132.00
4,000,000.00
5,000,000.00
5,000,000.00
5,000,000.00
22,127.00
-160,160.00
-277,150.00
-272,100.00
-267,750.00
33,250.00
28,000.00
43,750.00
50,000.00
52,500.00
Federal Home Loan Bks - 3130AMQ54
0.700 09/16/2025
4,000,000.000
Federal Home Loan Bks - 3130AMM33
0.875 07/16/2026
5,000,000.000
Federal Home Loan Bks - 3130AMT28
1.000 06/30/2026
5,000,000.000
Federal Home Loan Bks - 3130AMWZ1
1.050 06/30/2026
5,000,000.000
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 84
Menifee Mayor and City Council
December 4, 2024
Page
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CITY OF MENIFEE Page 10 of 43
ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Federal Home Loan Bks - 3130A4CH3
2.375 03/14/2025
35,000.000 98.7260
101.1120
102.1250
102.9920
102.1190
99.8670
106.5040
95.7460
95.4810
95.3590
34,554.10
202,224.00
229,781.25
720,944.00
194,026.10
209,720.70
1,650,812.00
67,022.20
37,003.05
204,274.00
223,860.00
693,525.00
196,165.50
210,808.50
1,603,873.05
68,476.95
-2,448.95
-2,050.00
5,921.25
27,419.00
-2,139.40
-1,087.80
46,938.95
-1,454.75
-2,375.58
-1,993.62
0.0 0.2
0.2 0.6
0.1 0.2
1.3 0.1
0.1 0.1
831.25
8,500.00
9,843.75
31,500.00
8,550.00
9,712.50
81,375.00
175.00
2.41 4.20
4.28 4.37
4.41 4.63
4.93 0.26
0.26 0.39
Federal Home Loan Bks - 3130ATUS4
4.250 12/10/2027
200,000.000
Federal Home Loan Bks - 3130AWTR1
4.375 09/08/2028
225,000.000
Federal Home Loan Bks - 3130AVBD3
4.500 03/09/2029
700,000.000
Federal Home Loan Bks - 3130ATS57
4.500 03/10/2028
190,000.000
Federal Home Loan Bks - 3130ATUR6
4.625 12/13/2024
210,000.000
U S Treasury Bond - 912810FG8
5.250 02/15/2029
1,550,000.000
U S Treasury Note - 91282CAM3
0.250 09/30/2025
70,000.000
U S Treasury Note - 91282CAT8
0.250 10/31/2025
75,000.000 71,610.75 73,986.33 187.50
U S Treasury Note - 91282CAZ4
0.375 11/30/2025
70,000.000 66,751.30 68,744.92 262.50
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 85
Menifee Mayor and City Council
December 4, 2024
Page
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CITY OF MENIFEE Page 11 of 43
ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
U S Treasury Note - 912828ZF0
0.500 03/31/2025
5,000,000.000 97.6390
94.9690
94.0310
98.5660
99.4000
95.3240
97.7610
96.0510
96.2620
97.6600
4,881,950.00
3,798,760.00
112,837.20
2,956,980.00
2,982,000.00
190,648.00
2,932,830.00
835,643.70
770,096.00
1,953,200.00
4,984,375.00
3,998,750.00
118,806.25
3,091,875.00
3,111,562.50
184,765.63
3,175,312.50
812,147.27
748,375.00
2,140,625.00
-102,425.00
-199,990.00
-5,969.05
3.8 2.9
0.1 2.3
2.3 0.1
2.3 0.6
0.6 1.5
25,000.00
30,000.00
1,050.00
0.51 0.79
0.93 1.39
1.51 1.70
2.05 2.08
2.34 2.30
U S Treasury Note - 91282CBT7
0.750 03/31/2026
4,000,000.000
U S Treasury Note - 91282CCZ2
0.875 09/30/2026
120,000.000
U S Treasury Note - 912828Z52
1.375 01/31/2025
3,000,000.000 -134,895.00
-129,562.50
5,882.37
41,250.00
45,000.00
3,250.00
U S Treasury Note - 912828YM6
1.500 10/31/2024
3,000,000.000
U S Treasury Note - 912828YQ7
1.625 10/31/2026
200,000.000
U S Treasury Note - 912828K74
2.000 08/15/2025
3,000,000.000 -242,482.50
23,496.43
60,000.00
17,400.00
18,000.00
45,000.00
U S Treasury Note - 912828U24
2.000 11/15/2026
870,000.000
U S Treasury Note - 912828V98
2.250 02/15/2027
800,000.000 21,721.00
U S Treasury Note - 912828M56
2.250 11/15/2025
2,000,000.000 -187,425.00
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 86
Menifee Mayor and City Council
December 4, 2024
Page
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CITY OF MENIFEE Page 12 of 43
ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
U S Treasury Note - 9128286F2
2.500 02/28/2026
800,000.000 97.6910
97.9300
98.6200
97.1020
98.7910
98.1170
97.5040
98.5310
97.7700
99.1060
781,528.00
783,440.00
788,960.00
791,381.30
790,328.00
1,599,307.10
146,256.00
803,027.65
1,466,550.00
807,713.90
765,630.86
767,375.00
778,218.75
765,901.95
780,218.75
1,560,182.82
143,970.70
786,333.79
1,443,515.63
784,646.88
15,897.14
16,065.00
10,741.25
25,479.35
10,109.25
39,124.28
2,285.30
0.6 0.6
0.6 0.6
0.6 1.2
0.1 0.6
1.1 0.6
20,000.00
21,000.00
22,000.00
22,412.50
23,000.00
50,937.50
4,687.50
2.56 2.68
2.79 2.83
2.91 3.18
3.20 3.30
3.32 3.53
U S Treasury Note - 9128286A3
2.625 01/31/2026
800,000.000
U S Treasury Note - 912828XZ8
2.750 06/30/2025
800,000.000
U S Treasury Note - 91282CFB2
2.750 07/31/2027
815,000.000
U S Treasury Note - 9128284R8
2.875 05/31/2025
800,000.000
U S Treasury Note - 91282CFH9
3.125 08/31/2027
1,630,000.000
U S Treasury Note - 9128285M8
3.125 11/15/2028
150,000.000
U S Treasury Note - 91282CEW7
3.250 06/30/2027
815,000.000 16,693.86
23,034.37
23,067.02
26,487.50
48,750.00
28,525.00
U S Treasury Note - 91282CEV9
3.250 06/30/2029
1,500,000.000
U S Treasury Note - 91282CHA2
3.500 04/30/2028
815,000.000
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 87
Menifee Mayor and City Council
December 4, 2024
Page
108 of 1648
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CITY OF MENIFEE Page 13 of 43
ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
U S Treasury Note - 91282CHB0
3.625 05/15/2026
800,000.000 99.3360
99.5080
794,688.00
810,990.20
889,893.20
852,720.00
802,408.00
833,349.00
1,315,340.00
817,728.60
1,625,248.00
801,656.00
780,187.50
787,623.25
858,566.41
824,931.64
782,968.75
802,336.91
1,316,402.34
810,386.72
1,574,437.50
786,781.25
14,500.50
23,366.95
31,326.79
27,788.36
19,439.25
31,012.09
-1,062.34
7,341.88
0.6 0.6
0.7 0.7
0.6 0.6
1.0 0.6
1.3 0.6
29,000.00
29,543.75
33,375.00
32,937.50
32,000.00
33,000.00
52,000.00
32,800.00
66,000.00
33,000.00
3.65 3.64
3.75 3.86
3.99 3.96
3.95 4.01
4.06 4.12
U S Treasury Note - 91282CHE4
3.625 05/31/2028
815,000.000
U S Treasury Note - 91282CJR3
3.750 12/31/2028
890,000.000 99.9880
U S Treasury Note - 91282CGC9
3.875 12/31/2027
850,000.000 100.3200
100.3010
101.0120
101.1800
99.7230
U S Treasury Note - 91282CJT9
4.000 01/15/2027
800,000.000
U S Treasury Note - 91282CJW2
4.000 01/31/2029
825,000.000
U S Treasury Note - 91282CLC3
4.000 07/31/2029
1,300,000.000
U S Treasury Note - 91282CGA3
4.000 12/15/2025
820,000.000
U S Treasury Note - 91282CKG5
4.125 03/31/2029
1,600,000.000 101.5780
100.2070
50,810.50
14,874.75
U S Treasury Note - 91282CHH7
4.125 06/15/2026
800,000.000
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 88
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December 4, 2024
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
U S Treasury Note - 91282CHQ7
4.125 07/31/2028
790,000.000 101.3050
101.0160
100.9730
100.1290
102.1170
99.9380
800,309.50
808,128.00
1,666,054.50
801,032.00
867,994.50
849,473.00
850,433.50
806,440.00
818,096.00
870,485.00
773,639.07
790,265.63
1,630,343.75
789,312.50
838,150.40
839,707.03
838,876.95
791,375.00
791,476.57
839,308.59
26,670.43
17,862.37
35,710.75
11,719.50
29,844.10
9,765.97
0.6 0.6
1.3 0.6
0.7 0.7
0.7 0.6
0.6 0.7
32,587.50
33,000.00
68,062.50
34,000.00
36,125.00
36,125.00
36,125.00
35,000.00
35,000.00
37,187.50
4.07 4.08
4.08 4.24
4.16 4.25
4.25 4.34
4.28 4.27
U S Treasury Note - 91282CFM8
4.125 09/30/2027
800,000.000
U S Treasury Note - 91282CFU0
4.125 10/31/2027
1,650,000.000
U S Treasury Note - 91282CJV4
4.250 01/31/2026
800,000.000
U S Treasury Note - 91282CKD2
4.250 02/28/2029
850,000.000
U S Treasury Note - 91282CFP1
4.250 10/15/2025
850,000.000
U S Treasury Note - 91282CJS1
4.250 12/31/2025
850,000.000 100.0510
100.8050
102.2620
102.4100
11,556.55
15,065.00
26,619.43
31,176.41
U S Treasury Note - 91282CHU8
4.375 08/15/2026
800,000.000
U S Treasury Note - 91282CHX2
4.375 08/31/2028
800,000.000
U S Treasury Note - 91282CJN2
4.375 11/30/2028
850,000.000
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 89
Menifee Mayor and City Council
December 4, 2024
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
U S Treasury Note - 91282CJP7
4.375 12/15/2026
800,000.000 101.0780
100.6250
101.6520
103.3010
100.9260
100.7190
103.7340
102.1560
100.2640
808,624.00
855,312.50
813,216.00
1,652,816.00
857,871.00
805,752.00
1,659,744.00
1,532,340.00
802,112.00
790,250.00
842,828.13
793,125.00
1,614,812.50
842,164.06
794,500.00
1,609,593.75
1,505,683.59
796,187.50
18,374.00
12,484.37
20,091.00
38,003.50
15,706.94
11,252.00
50,150.25
26,656.41
5,924.50
0.6 0.7
0.6 1.3
0.7 0.6
1.3 1.2
0.6 35,000.00
38,250.00
36,000.00
72,000.00
38,250.00
37,000.00
74,000.00
69,375.00
38,000.00
4.33 4.47
4.43 4.36
4.46 4.59
4.46 4.53
4.74 U S Treasury Note - 91282CKH3
4.500 03/31/2026
850,000.000
U S Treasury Note - 91282CKJ9
4.500 04/15/2027
800,000.000
U S Treasury Note - 91282CKT7
4.500 05/31/2029
1,600,000.000
U S Treasury Note - 91282CHM6
4.500 07/15/2026
850,000.000
U S Treasury Note - 91282CKB6
4.625 02/28/2026
800,000.000
U S Treasury Note - 91282CKP5
4.625 04/30/2029
1,600,000.000
U S Treasury Note - 91282CKV2
4.625 06/15/2027
1,500,000.000
U S Treasury Note - 91282CHN4
4.750 07/31/2025
800,000.000
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 90
Menifee Mayor and City Council
December 4, 2024
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
U S Treasury Note - 91282CKK6
4.875 04/30/2026
800,000.000 101.2930 810,344.00 799,125.00 11,219.00 0.6 39,000.00 4.81 Total US Government Issues $93,484,925.49 $94,607,129.07 -$1,122,203.58 72.1 $2,431,984.61 Corporate Issues
Ace Ina Holding - 00440EAS6
3.150 03/15/2025
50,000.000 98.9950
94.8680
49,497.50
56,920.80
51,448.00
59,740.80
-1,950.50
-2,820.00
0.0 0.0
1,575.00
600.00
3.18 1.05
Amazon Com Inc - 023135BX3
1.000 05/12/2026
60,000.000
American Honda Fin Corp - 02665WED9
Medium Term Note
4.700 01/12/2028
130,000.000 101.0780
101.4040
131,401.40
608,424.00
131,033.50
595,380.00
367.90 0.1
0.5 6,110.00 4.65
4.83 American Honda Finance - 02665WFD8
Medium Term Note
4.900 03/12/2027
600,000.000 13,044.00 29,400.00
American Honda Finance - 02665WFE6
Medium Term Note
4.900 03/13/2029
850,000.000 102.0960
95.9470
98.6310
867,816.00
23,986.75
98,631.00
843,616.50
25,621.00
96,949.00
24,199.50
-1,634.25
1,682.00
0.7 0.0
0.1 41,650.00
512.50
4.80 2.14
3.29 Apple Inc - 037833DN7
2.050 09/11/2026
25,000.000
Apple Inc - 037833BY5
3.250 02/23/2026
100,000.000 3,250.00
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 91
Menifee Mayor and City Council
December 4, 2024
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Bank Amer Corp Sr - 06051GJD2
Medium Term Note
1.319 06/19/2026
40,000.000 97.0480
100.4280
100.4960
100.5470
98.2260
38,819.20
30,128.40
904,464.00
703,829.00
368,347.50
73,692.00
40,105.60
30,000.00
881,811.00
694,316.00
360,118.45
71,563.50
-1,286.40
128.40
0.0 0.0
0.7 0.5
0.3 0.1
527.60
1,524.00
40,887.00
34,629.00
13,346.25
2,868.00
1.36 5.06
4.52 4.92
3.62 3.89
Bank America Corp - 06051GLE7
Medium Term Note
5.080 01/20/2027
30,000.000
Bank New York Mellon Corp - 06406RBN6
Medium Term Note
4.543 02/01/2029
900,000.000 22,653.00
9,513.00
8,229.05
2,128.50
Bank New York Mellon Corp - 06406RBQ9
Medium Term Note
4.947 04/26/2027
700,000.000
Bank Of America Corp - 06051GHT9
Medium Term Note
3.559 04/23/2027
375,000.000
Bank Of America Corp - 06051GGF0
Medium Term Note
3.824 01/20/2028
75,000.000 98.2560
Bank Of America Corp - 06051GHG7
Medium Term Note
3.970 03/05/2029
1,050,000.000 97.9430
95.9500
1,028,401.50
43,177.50
992,729.50
44,991.45
35,672.00
-1,813.95
0.8 0.0
41,685.00
1,035.00
4.05 2.40
Berkshire Hathaway Fin - 084664CZ2
2.300 03/15/2027
45,000.000
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 92
Menifee Mayor and City Council
December 4, 2024
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CITY OF MENIFEE Page 18 of 43
ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Bmw Veh Owner Tr - 05602RAD3
A B S Ser 2022 A Cl A 3
08/25/2026 Var
7,781.810 99.0670
99.9720
101.6840
99.4280
100.5120
7,709.21
75,366.99
579,598.80
44,742.60
80,409.60
7,781.40
75,524.46
569,913.42
45,481.50
79,988.80
-72.19
-157.47
9,685.38
-738.90
420.80
0.0 0.1
0.4 0.0
0.1 249.80
3,890.03
29,526.00
967.50
3.24 5.16
5.09 2.16
4.78 Bmw Vehicle Lease - 05593AAC3
A B S Ser 2023 1 Cl A 3
5.160 11/25/2025
75,388.100
Bmw Vehicle Owner Trust - 096919AD7
A B S Ser 2024 A Cl A 3
5.180 02/26/2029
570,000.000
Caterpillar Finl Service - 14913Q3B3
Medium Term Note
2.150 11/08/2024
45,000.000
Caterpillar Finl Svcs - 14913R3B1
Medium Term Note
4.800 01/06/2026
80,000.000 3,840.00
Caterpillar Finl Svcs - 14913UAJ9
Medium Term Note
4.850 02/27/2029
1,300,000.000 102.3990
95.2290
96.0490
101.6200
1,331,187.00
23,807.25
1,290,499.00
24,991.70
40,688.00
-1,184.45
858.50
1.0 0.0
0.1 0.5
63,050.00
612.50
4.74 2.57
3.33 4.72
Charles Schwab Corp - 808513BY0
2.450 03/03/2027
25,000.000
85,000.000
Charles Schwab Corp - 808513AU9
3.200 01/25/2028
81,641.65 80,783.15 2,720.00
33,600.00
Cisco Sys Inc - 17275RBQ4
4.800 02/26/2027
700,000.000 711,340.00 694,694.00 16,646.00
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 93
Menifee Mayor and City Council
December 4, 2024
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CITY OF MENIFEE Page 19 of 43
ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Costco Wholesale Corp - 22160KAM7
3.000 05/18/2027
20,000.000 97.6660 19,533.20 19,535.80 -2.60 0.0 600.00 3.07 Deere John Capital Corp - 24422EWJ4
Medium Term Note
4.050 09/08/2025
70,000.000 99.5680
97.0570
69,697.60
33,969.95
69,267.10
36,755.95
430.50 0.1
0.0 2,835.00
1,032.50
4.07 3.04
Duke Energy Carolinas - 26442CAS3
2.950 12/01/2026
35,000.000 -2,786.00
Gm Fin Cons Auto Rec - 380146AC4
A B S Ser 2022 1 Cl A3
1.260 11/16/2026
4,437.180 98.3090 4,362.15 4,436.78 -74.63 0.0 55.91 1.28 Gm Fin Cons Auto Rec Tr - 362554AC1
A B S Ser 2021 4 Cl A 3
0.680 09/16/2026
3,655.290 98.1710 3,588.43 3,655.18 -66.75 0.0
0.6 24.86 0.69
4.77 Home Depot Inc - 437076CW0
4.900 04/15/2029
750,000.000 102.7390 770,542.50 742,725.00 27,817.50 36,750.00 Honda Auto Rec Owner - 437930AC4
A B S Ser 2024 2 Cl A 3
5.270 11/20/2028
210,000.000 101.7990
98.4430
98.3910
213,777.90
47,863.55
3,084.12
209,974.48
46,768.77
3,133.89
3,803.42
1,094.78
-49.77
0.2 0.0
0.0 11,067.00
914.07
27.58 5.18
1.91 0.89
Honda Auto Rec Ownr Tr - 43815BAC4
A B S Ser 2022 1 Cl A 3
1.880 05/15/2026
48,620.570
Honda Auto Rec Ownr Tr 2021 4 - 43815GAC3
A B S Ser 2021 4 Cl A3
01/21/2026 Var
3,134.560
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 94
Menifee Mayor and City Council
December 4, 2024
Page
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CITY OF MENIFEE Page 20 of 43
ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Honda Auto Receivables Owner - 43813YAC6
A B S Ser 2024 3 Cl A3
4.570 03/21/2029
800,000.000 100.4550
96.5320
803,640.00
135,144.80
799,874.32
131,150.60
3,765.68
3,994.20
0.6 0.1
36,560.00
3,500.00
4.55 2.59
Honeywell International - 438516BL9
2.500 11/01/2026
140,000.000
Hyundai Auto Rec Tr - 44935FAD6
A B S Ser 2021 C Cl A3
0.740 05/15/2026
5,662.500 98.8010
98.5060
101.0280
98.4850
100.0940
98.5470
5,594.61
12,898.17
1,565,934.00
3,505.94
5,581.36
13,093.28
1,509,761.00
3,559.54
13.25 -195.11
56,173.00
-53.60
0.0 0.0
1.2 0.0
0.0 0.0
41.90 290.68
0.75 2.25
4.45 0.53
5.08 2.35
Hyundai Auto Rec Tr - 448977AD0
A B S Ser 2022 A Cl A3
10/15/2026 Var
13,093.790
John Deere Capital Corporation - 24422EXH7
Medium Term Note
4.500 01/16/2029
1,550,000.000 69,750.00
18.51 John Deere Own - 47789QAC4
A B S Ser 2021 B Cl A 3
03/16/2026 Var
3,559.870
23,798.890
4,643.940
John Deere Owner - 47800BAC2
A B S Ser 2022 C Cl A 3
5.090 06/15/2027
23,821.26
4,576.46
23,797.04
4,642.91
24.22 1,211.36
107.74
John Deere Owner Tr - 47787JAC2
A B S Ser 2022 Cl A 3
09/15/2026 Var
-66.45
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 95
Menifee Mayor and City Council
December 4, 2024
Page
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CITY OF MENIFEE Page 21 of 43
ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
John Deere Owner Trust - 47800CAC0
A B S Ser 2023 A Cl A3
5.010 11/15/2027
20,000.000 100.2810 20,056.20 19,996.36 59.84 0.0 1,002.00 5.00 John Deere Ownr Tr - 47800AAC4
A B S Ser 2022 B Cl A3
02/16/2027 Var
11,857.460
70,000.000
12,000.000
99.1360
98.2690
98.0990
96.7880
98.9410
98.6450
11,755.01
68,788.30
11,856.33
67,053.70
-101.32
1,734.60
-676.08
0.0 0.1
0.0 0.9
0.3 0.0
443.47
2,647.40
249.96
3.77 3.85
2.12 3.63
4.00 2.03
Jpmorgan Chase Co - 46625HRY8
02/01/2028 Var
Jpmorgan Chase Co - 46647PBK1
2.083 04/22/2026
11,771.88 12,447.96
Jpmorgan Chase Co - 46647PAM8
3.509 01/23/2029
1,250,000.000 1,209,850.00
395,764.00
34,525.75
1,169,226.50
388,284.00
36,067.15
40,623.50
7,480.00
-1,541.40
43,862.50
15,840.00
700.00
Jpmorgan Chase Co - 46647PBA3
3.960 01/29/2027
400,000.000
35,000.000
Mastercard Inc - 57636QAN4
2.000 03/03/2025
Mercedes Benz Auto - 58770AAC7
A B S Ser 2023 1 Cl A3
4.510 11/15/2027
35,000.000
130,000.000
125,000.000
99.6910
99.9820
98.6470
34,891.85
129,976.60
123,308.75
34,995.80
130,394.70
120,882.50
-103.95
-418.10
2,426.25
0.0 0.1
0.1 1,578.50
5,265.00
3,906.25
4.52 4.05
3.17 Merck Co Inc - 58933YBH7
4.050 05/17/2028
Microsoft Corp - 594918BJ2
3.125 11/03/2025
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 96
Menifee Mayor and City Council
December 4, 2024
Page
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CITY OF MENIFEE Page 22 of 43
ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Morgan Stanley - 61747YEZ4
Medium Term Note
5.050 01/28/2027
750,000.000 100.5720
101.8830
754,290.00
815,064.00
744,262.05
794,520.00
10,027.95
20,544.00
0.6 0.6
37,875.00
41,312.00
5.02 5.07
Morgan Stanley - 61747YFD2
Medium Term Note
5.164 04/20/2029
800,000.000
Morgan Stanley Fr - 6174468Q5
Medium Term Note
2.188 04/28/2026
35,000.000 98.0400
96.9940
34,314.00 33,013.20 1,300.80 0.0
1.2 765.80 2.23
3.81 National Rural Util Coop - 637432NS0
3.700 03/15/2029
1,600,000.000 1,551,904.00 1,507,712.00 44,192.00 59,200.00 National Rural Utils Coop Fin - 63743HFE7
Medium Term Note
3.450 06/15/2025
10,000.000 98.8890 9,888.90 9,997.30 -108.40 0.0 345.00 3.49 National Rural Utils Corp Fin - 63743HFH0
Medium Term Note
4.450 03/13/2026
70,000.000 99.9650
99.5920
69,975.50
14,938.80
69,950.30
14,975.70
25.20 0.1
0.0 3,115.00
600.00
4.45 4.02
Northern Tr Corp Sr Nt - 665859AW4
4.000 05/10/2027
15,000.000 -36.90
Paccar Financial Corp - 69371RR73
Medium Term Note
2.850 04/07/2025
35,000.000 98.7340 34,556.90 34,990.90
99,515.00
-434.00 0.0
0.1 997.50 2.89
4.55 Paccar Financial Corp - 69371RS31
Medium Term Note
4.600 01/10/2028
100,000.000 100.9820 100,982.00 1,467.00 4,600.00
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 97
Menifee Mayor and City Council
December 4, 2024
Page
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CITY OF MENIFEE Page 23 of 43
ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Paccar Financial Corp - 69371RS80
Medium Term Note
4.600 01/31/2029
1,500,000.000 101.4400
98.6440
99.8550
101.7670
1,521,600.00
128,237.20
134,804.25
1,628,272.00
1,468,515.00
124,989.80
134,947.35
1,577,232.00
53,085.00
3,247.40
-143.10
1.2 0.1
0.1 1.3
69,000.00
3,575.00
6,423.30
78,000.00
4.53 2.79
4.76 4.79
Pepsico Inc - 713448CT3
2.750 04/30/2025
130,000.000
Pnc Financial Services - 693475BL8
4.758 01/26/2027
135,000.000
Prologis L P - 74340XCG4
4.875 06/15/2028
1,600,000.000 51,040.00
Public Service Electric - 74456QBR6
Medium Term Note
2.250 09/15/2026
850,000.000 95.8210 814,478.50 807,126.00 7,352.50 0.6 19,125.00 2.35 Public Service Electric - 74456QBX3
Medium Term Note
3.650 09/01/2028
800,000.000 97.4110
99.2700
98.6250
100.9380
96.9620
779,288.00
19,854.00
752,432.00
19,714.00
26,856.00
140.00
0.6 0.0
0.1 1.1
0.6 29,200.00
775.00
3.75 3.90
4.00 4.71
3.87 Reality Income Corp - 756109AV6
3.875 04/15/2025
20,000.000
Realty Income Corp - 756109BG8
3.950 08/15/2027
100,000.000 98,625.00 97,097.00 1,528.00
52,706.00
26,160.00
3,950.00
68,875.00
30,000.00
Realty Income Corp Sr - 756109CF9
4.750 02/15/2029
1,450,000.000 1,463,601.00
775,696.00
1,410,895.00
749,536.00
Simon Property Group LP - 828807DE4
3.375 12/01/2027
800,000.000
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 98
Menifee Mayor and City Council
December 4, 2024
Page
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
State Str Corp Sr Nt - 857477CL5
4.993 03/18/2027
125,000.000 101.5950
95.4870
126,993.75
19,097.40
125,000.00
19,966.00
1,993.75
-868.60
0.1 0.0
6,241.25
390.00
4.91 2.04
Target Corp - 87612EBM7
1.950 01/15/2027
20,000.000
Toronto Dominion Bank - 89115A2C5
Medium Term Note
4.108 06/08/2027
40,000.000 99.1160
98.4690
99.1940
94.5330
98.7180
101.0620
103.2940
39,646.40
24,355.92
23,062.95
37,813.20
29,615.40
80,849.60
1,497,763.00
39,866.00
23,294.01
22,863.45
39,982.40
29,959.80
79,947.20
1,455,605.50
-219.60
1,061.91
199.50
0.0 0.0
0.0 0.0
0.0 0.1
1.2 1,643.20
175.62
4.14 0.72
3.79 1.19
1.47 4.58
5.08 Toyota Auto Rec Own Tr - 89238JAC9
A B S Ser 2021 D Cl A 3
04/15/2026 Var
24,734.610
Toyota Auto Rec Own Tr - 89231CAD9
A B S Ser 2022 C Cl A 3
3.760 04/15/2027
23,250.350 874.21
Toyota Mtr Cr Corp - 89236TJK2
Medium Term Note
1.125 06/18/2026
40,000.000
30,000.000
-2,169.20
-344.40
450.00
Toyota Mtr Cr Corp - 89236TJT3
Medium Term Note
1.450 01/13/2025
435.00
Toyota Mtr Cr Corp - 89236TKQ7
Medium Term Note
4.625 01/12/2028
80,000.000 902.40 3,700.00
76,125.00
Toyota Mtr Cr Corp - 89236TLB9
Medium Term Note
5.250 09/11/2028
1,450,000.000 42,157.50
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 99
Menifee Mayor and City Council
December 4, 2024
Page
120 of 1648
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CITY OF MENIFEE Page 25 of 43
ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Truist Finl Corp - 89788MAA0
Medium Term Note
1.200 08/05/2025
30,000.000 96.5510
94.8770
28,965.30
37,950.80
850,374.00
725,592.00
29,341.20
39,563.60
822,681.00
702,464.00
-375.90
-1,612.80
27,693.00
23,128.00
0.0 0.0
0.7 0.6
360.00
460.00
1.24 1.21
4.25 5.06
Unitedhealth Group Inc - 91324PEC2
1.150 05/15/2026
40,000.000
Unitedhealth Group Inc - 91324PEU2
4.250 01/15/2029
850,000.000 100.0440
103.6560
36,125.00
36,750.00
Unitedhealth Group Inc - 91324PEP3
5.250 02/15/2028
700,000.000
US Bancorp - 91159HJK7
Medium Term Note
4.653 02/01/2029
1,600,000.000 100.1120
94.2050
1,601,792.00 1,550,764.50 51,027.50 1.2 74,448.00 4.65
1.11 Walmart Inc - 931142ER0
1.050 09/17/2026
10,000.000 9,420.50 9,981.10 -560.60 0.0 105.00
Total Corporate Issues $29,609,224.90 $28,850,700.09 $758,524.81 22.8 $1,294,353.25 Foreign Issues
Bank Montreal Que - 06368D3S1
Medium Term Note
3.700 06/07/2025
75,000.000 99.0900
93.7420
74,317.50
37,496.80
73,120.50
39,951.60
1,197.00
-2,454.80
0.1 0.0
2,775.00
500.00
3.73 1.33
Bank Of Montreal - 06368FAC3
Medium Term Note
1.250 09/15/2026
40,000.000
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 100
Menifee Mayor and City Council
December 4, 2024
Page
121 of 1648
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Inter American Devel Bk - 4581X0DC9
3.125 09/18/2028
120,000.000 97.4930 116,991.60 112,706.40 4,285.20
-3,489.00
0.1 0.1
3,750.00
656.25
3.20 0.92
Inter American Devel Bk - 4581X0DV7
Medium Term Note
0.875 04/20/2026
75,000.000 94.8900 71,167.50 74,656.50
Inter American Devel Bk - 4581X0EN4
Medium Term Note
4.125 02/15/2029
1,385,000.000 101.2970
95.7270
98.9250
1,402,963.45
71,795.25
1,381,426.20
74,670.05
21,537.25
-2,874.80
37,037.00
1.1 0.1
1.0 57,131.25
375.00
4.07 0.52
3.54 International Bank M T N - 459058JL8
0.500 10/28/2025
75,000.000
International Bank M T N - 459058KT9
3.500 07/12/2028
1,300,000.000 1,286,025.00 1,248,988.00 45,500.00
International Finance Corp - 45950KDD9
Medium Term Note
4.500 07/13/2028
100,000.000 102.5680
98.9830
102,568.00
19,796.60
99,889.00
19,992.60
2,679.00
-196.00
0.1 0.0
0.1 1.2
4,500.00
675.00
4.39 3.41
4.82 4.84
Royal Bk Cda - 78016EZ59
Medium Term Note
3.375 04/14/2025
20,000.000
Royal Bk Cda - 78016FZW7
Medium Term Note
4.900 01/12/2028
80,000.000 101.7200
102.2880
81,376.00 79,957.60 1,418.40
55,190.50
3,920.00
76,725.00
Royal Bk Cda - 78016HZV5
Medium Term Note
4.950 02/01/2029
1,550,000.000 1,585,464.00 1,530,273.50
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 101
Menifee Mayor and City Council
December 4, 2024
Page
122 of 1648
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Toronto Dominion Bank - 89115A2K7
Medium Term Note
5.103 01/09/2026
80,000.000 100.6660
103.6120
80,532.80 79,890.40 642.40 0.1 4,082.40 5.07
5.33 Toronto Dominion Bank - 89115A2U5
Medium Term Note
5.523 07/17/2028
1,400,000.000 1,450,568.00 1,406,219.50 44,348.50 1.1 77,322.00 Total Foreign Issues $6,381,062.50 $6,221,741.85 $159,320.65 4.9 $277,911.90 Total Taxable Bonds $129,475,212.89
$129,608,631.28
$129,679,571.01
$129,812,989.40
-$204,358.12
-$204,358.12
99.9 $4,004,249.76
$4,011,135.76Total Assets 100.0
Estimated Current Yield 3.09
ASSET DETAIL MESSAGES
Time of trade execution and trading party (if not disclosed) will be provided upon request.
Publicly traded assets are valued in accordance with market quotations or valuation methodologies from financial industry services believed by us to be reliable. Assets that are not publicly traded may be reflected at values from other external sources. Assets for which a current value is not available may be reflected at a previous value or as not valued, at par value, or at a nominal value. Values shown do not necessarily reflect prices at which assets could be bought or sold. Values are updated based on internal policy and may be updated less frequently than statement generation.
Estimated Current Yield and Estimated Annual Income are estimates provided for informational purposes only and should not be relied on for making investment, trading, or tax decisions. The estimates may not represent the actual value earned by your investments and they provide no guarantee of what your investments may earn in the future.
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 102
Menifee Mayor and City Council
December 4, 2024
Page
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024
TRANSACTION DETAIL
Date
Posted Activity Description Cash Tax Cost
Beginning Balance 08/01/2024 $0.00 $129,448,620.49
08/01/24
08/01/24
08/01/24
08/01/24
08/01/24
08/02/24
08/05/24
08/07/24
08/12/24
08/14/24
08/15/24
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Interest Earned On
US Bancorp M T N 4.653% 2/01/29
0.023265 USD/$1 Pv On 1,600,000 Par Value Due 8/1/24
37,224.00
Interest Earned On
Bank New York M T N 4.543% 2/01/29
0.022715 USD/$1 Pv On 900,000 Par Value Due 8/1/24
20,443.50
1,323.70
40,920.00
5,258.03
4,068.75
180.00
Interest Earned On
Jpmorgan Chase Co 3.782% 2/01/28
0.01891 USD/$1 Pv On 70,000 Par Value Due 8/1/24
Interest Earned On
Royal Bk Cda Mtn 4.950% 2/01/29
0.0264 USD/$1 Pv On 1,550,000 Par Value Due 8/1/24
Interest Earned On
Federated Hermes Govt Obligs Is
Interest From 7/1/24 To 7/31/24
Interest Earned On
F F C B Deb 3.875% 2/02/26
0.019375 USD/$1 Pv On 210,000 Par Value Due 8/2/24
Interest Earned On
Truist Finl Corp Mtn 1.200% 8/05/25
0.006 USD/$1 Pv On 30,000 Par Value Due 8/5/24
Interest Earned On
F F C B Deb 4.250% 8/07/28
0.02125 USD/$1 Pv On 75,000 Par Value Due 8/7/24
1,593.75
600.00Interest Earned On
F H L M C 1.500% 2/12/25
0.0075 USD/$1 Pv On 80,000 Par Value Due 8/12/24
Interest Earned On
F F C B Deb 1.750% 2/14/25
0.00875 USD/$1 Pv On 220,000 Par Value Due 8/14/24
1,925.00
3,016.41Interest Earned On
Inter Amer Bk M T N 4.125% 2/15/29
0.022344 USD/$1 Pv On 135,000 Par Value Due 8/15/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 103
Menifee Mayor and City Council
December 4, 2024
Page
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
08/15/24
08/15/24
08/15/24
08/15/24
08/15/24
08/15/24
08/15/24
08/15/24
08/15/24
08/15/24
08/15/24
Asset Income Interest Earned On
Toyota Auto Rec 3.760% 4/15/27
$0.00313/Pv On
77.51 24,738.09 Pv Due 8/15/24
Sale Paid Down 1,487.74 Par Value Of
Toyota Auto Rec 3.760% 4/15/27
Trade Date 8/15/24
1,487.74
84.33 -1,462.98
Asset Income
Sale
Interest Earned On
Honda Auto Rec Own 1.880% 5/15/26
$0.00157/Pv On 53,831.12 Pv Due 8/15/24
Paid Down 5,210.55 Par Value Of
Honda Auto Rec Own 1.880% 5/15/26
Trade Date 8/15/24
5,210.55
26.65 -5,012.09
-1,310.24
-932.20
Asset Income
Sale
Interest Earned On
Hyundai Auto Rec 2.220% 10/15/26
$0.00185/Pv On 14,404.08 Pv Due 8/15/24
Paid Down 1,310.29 Par Value Of
Hyundai Auto Rec 2.220% 10/15/26
Trade Date 8/15/24
1,310.29
4.08Asset Income
Sale
Interest Earned On
Hyundai Auto Rec Tr 0.740% 5/15/26
$0.00062/Pv On 6,608.26 Pv Due 8/15/24
Paid Down 945.76 Par Value Of
Hyundai Auto Rec Tr 0.740% 5/15/26
Trade Date 8/15/24
945.76
9.94Asset Income
Sale
Interest Earned On
John Deere Owner 2.320% 9/15/26
$0.00193/Pv On 5,142.79 Pv Due 8/15/24
Paid Down 498.85 Par Value Of
John Deere Owner 2.320% 9/15/26
Trade Date 8/15/24
498.85
1.75 -498.74
Asset Income Interest Earned On
John Deere Own 0.520% 3/16/26
$0.00043/Pv On 4,039.70 Pv Due 8/15/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 104
Menifee Mayor and City Council
December 4, 2024
Page
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
08/15/24
08/15/24
08/15/24
08/15/24
08/15/24
08/15/24
08/15/24
08/15/24
08/15/24
08/15/24
08/15/24
Sale Paid Down 479.83 Par Value Of
John Deere Own 0.520% 3/16/26
Trade Date 8/15/24
479.83 -479.79
Asset Income
Sale
Interest Earned On
John Deere Ownr Tr 3.740% 2/16/27
39.24 731.73
$0.00312/Pv On 12,589.19 Pv Due 8/15/24
Paid Down 731.73 Par Value Of
John Deere Ownr Tr 3.740% 2/16/27
Trade Date 8/15/24
-731.66
Asset Income
Sale
Interest Earned On
John Deere Owner 5.090% 6/15/27
106.04
$0.00424/Pv On 25,000.00 Pv Due 8/15/24
Paid Down 1,201.11 Par Value Of
John Deere Owner 5.090% 6/15/27
Trade Date 8/15/24
1,201.11
83.50 -1,201.02
Asset Income
Asset Income
Asset Income
Sale
Interest Earned On
John Deere Owner 5.010% 11/15/27
$0.00418/Pv On 20,000.00 Pv Due 8/15/24
Interest Earned On
Mercedes Benz Auto 4.510% 11/15/27
131.54
$0.00376/Pv On 35,000.00 Pv Due 8/15/24
Interest Earned On
Toyota Auto Rec 0.710% 4/15/26
16.63 $0.00059/Pv On 28,114.15 Pv Due 8/15/24
Paid Down 3,379.54 Par Value Of
Toyota Auto Rec 0.710% 4/15/26
Trade Date 8/15/24
3,379.54
1,975.00
39,985.76
-3,182.71
Asset Income
Asset Income
Interest Earned On
Realty Income Corp 3.950% 8/15/27
0.01975 USD/$1 Pv On 100,000 Par Value Due 8/15/24
Interest Earned On
Realty Income Corp 4.750% 2/15/29
0.027576 USD/$1 Pv On 1,450,000 Par Value Due 8/15/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 105
Menifee Mayor and City Council
December 4, 2024
Page
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
08/15/24
08/15/24
08/15/24
08/15/24
08/15/24
08/16/24
08/16/24
08/16/24
08/16/24
08/16/24
08/19/24
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Sale
Interest Earned On
U S Treasury Bd 5.250% 2/15/29
0.02625 USD/$1 Pv On 1,550,000 Par Value Due 8/15/24
40,687.50
Interest Earned On
U S Treasury Nt 2.000% 8/15/25
0.01 USD/$1 Pv On 3,000,000 Par Value Due 8/15/24
30,000.00
9,000.00
17,500.00
18,375.00
27,929.69
2.30 Interest Earned On
U S Treasury Nt 2.250% 2/15/27
0.01125 USD/$1 Pv On 800,000 Par Value Due 8/15/24
Interest Earned On
U S Treasury Nt 4.375% 8/15/26
0.021875 USD/$1 Pv On 800,000 Par Value Due 8/15/24
Interest Earned On
Unitedhealth 5.250% 2/15/28
0.02625 USD/$1 Pv On 700,000 Par Value Due 8/15/24
Interest Earned On
Inter Amer Bk M T N 4.125% 2/15/29
0.022344 USD/$1 Pv On 1,250,000 Par Value Due 8/15/24
Interest Earned On
Gm Fin Cons Auto 0.680% 9/16/26
$0.00057/Pv On 4,067.42 Pv Due 8/16/24
Paid Down 412.13 Par Value Of
Gm Fin Cons Auto 0.680% 9/16/26
Trade Date 8/16/24
412.13 -412.12
-469.58
Asset Income
Sale
Interest Earned On
Gm Fin Cons Auto 1.260% 11/16/26
$0.00105/Pv On
5.15 4,906.80 Pv Due 8/16/24
Paid Down 469.62 Par Value Of
Gm Fin Cons Auto 1.260% 11/16/26
Trade Date 8/16/24
469.62
Asset Income Interest Earned On 922.25
Honda Auto Rec Owner 5.270% 11/20/28
$0.00439/Pv On 210,000.00 Pv Due 8/18/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 106
Menifee Mayor and City Council
December 4, 2024
Page
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
08/21/24
08/21/24
08/21/24
Asset Income Interest Earned On
Honda Auto Rec 0.880% 1/21/26
$0.00073/Pv On
2.62 3,572.70 Pv Due 8/21/24
Sale Paid Down 438.14 Par Value Of
Honda Auto Rec 0.880% 1/21/26
Trade Date 8/21/24
438.14 -438.05
Purchase Purchased 800,000 Par Value Of
Honda Auto 4.570% 3/21/29
Trade Date 8/9/24
-799,874.32 799,874.32
Purchased Through J.P. Morgan Securities LLC
Swift External Ref#: 8422203133789696
800,000 Par Value At 99.98429 %
08/23/24 Purchase Purchased 1,300,000 Par Value Of
U S Treasury Nt 4.000% 7/31/29
-1,316,402.34 1,316,402.34
Trade Date 8/22/24
Purchased Through Wells Fargo Securities, LLC
Purchased On The Offexchange Transactions List
Swift External Ref#: 8423503133825593
1,300,000 Par Value At 101.26171846 %
08/23/24
08/23/24
08/26/24
08/26/24
08/26/24
Purchase Accrued Interest
Asset Income
Asset Income
Sale
Paid Accrued Interest On Purchase Of
U S Treasury Nt 4.000% 7/31/29
Income Debit 3,250.00- USD
-3,250.00
1,625.00
86.13 Interest Earned On
Apple Inc 3.250% 2/23/26
0.01625 USD/$1 Pv On 100,000 Par Value Due 8/23/24
Interest Earned On
F H L B Gtd Remic 3.171% 10/25/24
$0.00264/Pv On 32,592.77 Pv Due 8/25/24
Paid Down 8,782.85 Par Value Of
F H L B Gtd Remic 3.171% 10/25/24
Trade Date 8/25/24
8,782.85
96.44 -9,447.74
Asset Income Interest Earned On
F H L M C Mltcl Mtg 3.329% 5/25/25
$0.00277/Pv On 34,763.59 Pv Due 8/25/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 107
Menifee Mayor and City Council
December 4, 2024
Page
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
08/26/24
08/26/24
08/26/24
08/26/24
08/26/24
08/26/24
08/26/24
08/26/24
08/26/24
08/26/24
08/26/24
Sale Paid Down 69.63 Par Value Of
F H L M C Mltcl Mtg 3.329% 5/25/25
Trade Date 8/25/24
69.63 -71.57
Asset Income
Sale
Interest Earned On
F H L M C Mltcl Mt 3.284% 6/25/25
164.20
372.24
371.78
11,070.91
22.91 $0.00274/Pv On 60,000.00 Pv Due 8/25/24
Paid Down 372.24 Par Value Of
F H L M C Mltcl Mt 3.284% 6/25/25
Trade Date 8/25/24
-395.87
-11,090.94
-783.81
Asset Income
Sale
Interest Earned On
Bmw Vehicle Lease 5.160% 11/25/25
$0.00430/Pv On 86,459.01 Pv Due 8/25/24
Paid Down 11,070.91 Par Value Of
Bmw Vehicle Lease 5.160% 11/25/25
Trade Date 8/25/24
Asset Income
Sale
Interest Earned On
Bmw Veh Owner Tr 3.210% 8/25/26
$0.00267/Pv On 8,565.66 Pv Due 8/25/24
Paid Down 783.85 Par Value Of
Bmw Veh Owner Tr 3.210% 8/25/26
Trade Date 8/25/24
783.85
2,460.50
21.83 Asset Income
Asset Income
Sale
Interest Earned On
Bmw Vehicle Owner 5.180% 2/26/29
$0.00432/Pv On 570,000.00 Pv Due 8/25/24
Interest Earned On
F H L M C Mltcl Mtg 3.241% 9/25/24
$0.00270/Pv On 8,082.27 Pv Due 8/25/24
Paid Down 5,713.61 Par Value Of
F H L M C Mltcl Mtg 3.241% 9/25/24
Trade Date 8/25/24
5,713.61
31.18 -6,015.36
Asset Income Interest Earned On
F H L M C Mltcl Mtg 2.670% 12/25/24
$0.00223/Pv On 14,014.16 Pv Due 8/25/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 108
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December 4, 2024
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
08/26/24
08/26/24
08/26/24
08/26/24
08/26/24
08/26/24
08/26/24
08/26/24
08/26/24
08/26/24
08/26/24
Sale Paid Down 26.29 Par Value Of
F H L M C Mltcl Mtg 2.670% 12/25/24
Trade Date 8/25/24
26.29 -26.54
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Sale
Interest Earned On
F H L M C Mltcl Mt 3.334% 8/25/25
69.46 311.98
160.13
252.50
276.35
199.09
200.08
23.24 $0.00278/Pv On 25,000.00 Pv Due 8/25/24
Interest Earned On
F H L M C Mltcl Mtg 2.995% 12/25/25
$0.00250/Pv On 125,000.00 Pv Due 8/25/24
Interest Earned On
F H L M C Mltcl Mtg 2.745% 1/25/26
$0.00229/Pv On 70,000.00 Pv Due 8/25/24
Interest Earned On
F H L M C Mltcl Mtg 2.525% 5/25/26
$0.00210/Pv On 120,000.00 Pv Due 8/25/24
Interest Earned On
F H L M C Mltcl Mt 2.653% 8/25/26
$0.00221/Pv On 125,000.00 Pv Due 8/25/24
Interest Earned On
F H L M C Mltcl Mtg 3.413% 12/25/26
$0.00284/Pv On 70,000.00 Pv Due 8/25/24
Interest Earned On
F H L M C Mltcl Mt 3.430% 1/25/27
$0.00286/Pv On 70,000.00 Pv Due 8/25/24
Interest Earned On
F H L M C Mltcl Mt 3.064% 8/25/24
$0.00255/Pv On 9,100.65 Pv Due 8/25/24
Interest Earned On
F H L M C Mltcl Mt 3.187% 9/25/27
265.49
157.44
$0.00266/Pv On 99,964.37 Pv Due 8/25/24
Paid Down 157.44 Par Value Of
F H L M C Mltcl Mt 3.187% 9/25/27
Trade Date 8/25/24
-151.05
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 109
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
08/26/24
08/26/24
08/26/24
08/26/24
08/26/24
08/26/24
08/26/24
08/26/24
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Sale
Interest Earned On
F H L M C Mltcl Mt 3.303% 11/25/27
$0.00275/Pv On
82.58 30,000.00 Pv Due 8/25/24
Interest Earned On
F H L M C Mltcl Mt 3.900% 8/25/28
$0.00325/Pv On 1,500,000.00 Pv Due 8/25/24
4,875.00
4,277.50
228.49
Interest Earned On
F H L M C Mltcl Mt 3.422% 2/25/52
$0.00285/Pv On 1,500,000.00 Pv Due 8/25/24
Interest Earned On
F H L M C Mltcl Mtg 2.031% 9/25/28
$0.00169/Pv On 135,000.00 Pv Due 8/25/24
Interest Earned On
F H L M C Mltcl Mt 2.525% 10/25/26
$0.00210/Pv On 125,000.00 Pv Due 8/25/24
263.02
Interest Earned On
F N M A 0.375% 8/25/25
0.001875 USD/$1 Pv On 75,000 Par Value Due 8/25/24
140.63
Interest Earned On
Cisco Sys Inc 4.800% 2/26/27
0.024 USD/$1 Pv On 700,000 Par Value Due 8/26/24
16,800.00
9,100.65Matured 9,100.65 Par Value Of
F H L M C Mltcl Mt 3.064% 8/25/24
Trade Date 8/25/24
-9,259.92
9,100.65 Par Value At 100 %
08/27/24 Asset Income Interest Earned On 31,525.00
Caterpillar Finl Mtn 4.850% 2/27/29
0.02425 USD/$1 Pv On 1,300,000 Par Value Due 8/27/24
Purchase
Sale
Combined Purchases For The Period 8/ 1/24 - 8/31/24 Of
Federated Hermes Govt Obligs Is
-419,367.89
2,117,901.66
419,367.89
Combined Sales For The Period 8/ 1/24 - 8/31/24 Of
Federated Hermes Govt Obligs Is
-2,117,901.66
Ending Balance 08/31/2024 $0.00 $129,812,989.40
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 110
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December 4, 2024
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024
SALE/MATURITY SUMMARY
Settlement Estimated
Date Description Tax Cost Proceeds Gain/Loss
Taxable Bonds
Bmw Veh Owner Tr
A B S Ser 2022 A Cl A 3
08/25/2026
BVO3226
Var
08/26/24
08/26/24
Paid Down 783.85
Par Value
Trade Date 8/25/24
-783.81 783.85 0.04
Bmw Vehicle Lease
A B S Ser 2023 1 Cl A 3
5.160 11/25/2025
05593AAC3
Paid Down 11,070.91
Par Value
Trade Date 8/25/24
-11,090.94
-9,447.74
-6,015.36
11,070.91
8,782.85
5,713.61
-20.03
F H L B Gtd R E M I C Pass Thru
C M O Ser K041 Cl A2
3.171 10/25/2024
3137BFE98
08/26/24 Paid Down 8,782.85
Par Value
Trade Date 8/25/24
-664.89
-301.75
F H L M C Multiclass Mtg Partn
C M O Ser K040 Cl A2
3.241 09/25/2024
FHL3224
08/26/24 Paid Down 5,713.61
Par Value
Trade Date 8/25/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 111
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December 4, 2024
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 SALE/MATURITY SUMMARY (continued)
Settlement
Date
Estimated
Gain/LossDescription Tax Cost Proceeds
F H L M C Multiclass Mtg Partn
C M O Ser K042 Cl A2
2.670 12/25/2024
3137BFXT3
08/26/24 Paid Down 26.29 Par
Value
-26.54 26.29 -0.25
Trade Date 8/25/24
F H L M C Multiclass Mtg Partn
C M O Ser K047 Cl A2
3.329 05/25/2025
FHL3325A
08/26/24 Paid Down 69.63 Par
Value
Trade Date 8/25/24
-71.57
-395.87
-151.05
69.63 372.24
157.44
-1.94
-23.63
6.39 F H L M C Multiclass Mtg Partn
C M O Ser K048 Cl A2
06/25/2025
FHL3225
Var
08/26/24 Paid Down 372.24
Par Value
Trade Date 8/25/24
F H L M C Multiclass Mtg Partn
C M O Ser K069 Cl A2
3.187 09/25/2027
FHL3127A
08/26/24 Paid Down 157.44
Par Value
Trade Date 8/25/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 112
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December 4, 2024
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 SALE/MATURITY SUMMARY (continued)
Settlement
Date
Estimated
Gain/LossDescription Tax Cost Proceeds
F H L M C Multiclass Mtg Partn
C M O Ser K728 Cl A2
08/25/2024
FHL3024
Var
08/26/24 Matured 9,100.65
Par Value
-9,259.92 9,100.65 -159.27
Trade Date 8/25/24
9,100.65 Par Value At 100 %
Gm Fin Cons Auto Rec
A B S Ser 2022 1 Cl A3
1.260 11/16/2026
GFC1226
08/16/24
08/16/24
08/15/24
Paid Down 469.62
Par Value
Trade Date 8/16/24
-469.58
-412.12
469.62
412.13
0.04 0.01
Gm Fin Cons Auto Rec Tr
A B S Ser 2021 4 Cl A 3
0.680 09/16/2026
GFC0626
Paid Down 412.13
Par Value
Trade Date 8/16/24
Honda Auto Rec Ownr Tr
A B S Ser 2022 1 Cl A 3
1.880 05/15/2026
HAR1826
Paid Down 5,210.55
Par Value
-5,012.09 5,210.55 198.46
Trade Date 8/15/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 113
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December 4, 2024
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 SALE/MATURITY SUMMARY (continued)
Settlement
Date
Estimated
Gain/LossDescription Tax Cost Proceeds
Honda Auto Rec Ownr Tr 2021 4
A B S Ser 2021 4 Cl A3
01/21/2026
HAR0826
Var
08/21/24
08/15/24
08/15/24
08/15/24
Paid Down 438.14
Par Value
Trade Date 8/21/24
-438.05 438.14 0.09
Hyundai Auto Rec Tr
A B S Ser 2021 C Cl A3
0.740 05/15/2026
HAR0726
Paid Down 945.76
Par Value
Trade Date 8/15/24
-932.20
-1,310.24
-479.79
945.76
1,310.29
479.83
13.56 0.05
0.04 Hyundai Auto Rec Tr
A B S Ser 2022 A Cl A3
10/15/2026
HAR2226
Var
Paid Down 1,310.29
Par Value
Trade Date 8/15/24
John Deere Own
A B S Ser 2021 B Cl A 3
03/16/2026
JDO0926
Var
Paid Down 479.83
Par Value
Trade Date 8/15/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 114
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December 4, 2024
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 SALE/MATURITY SUMMARY (continued)
Settlement Estimated
Date Description Tax Cost Proceeds Gain/Loss
John Deere Owner
A B S Ser 2022 C Cl A 3
5.090 06/15/2027
JDO5027
08/15/24 Paid Down 1,201.11
Par Value
-1,201.02 1,201.11 0.09
Trade Date 8/15/24
John Deere Owner Tr
A B S Ser 2022 Cl A 3
09/15/2026
JDO2326
Var
08/15/24
08/15/24
08/15/24
Paid Down 498.85
Par Value
Trade Date 8/15/24
-498.74
-731.66
498.85
731.73
0.11 0.07
John Deere Ownr Tr
A B S Ser 2022 B Cl A3
02/16/2027
JDO6827
Var
Paid Down 731.73
Par Value
Trade Date 8/15/24
Toyota Auto Rec Own Tr
A B S Ser 2021 D Cl A 3
04/15/2026
TAR0726
Var
Paid Down 3,379.54
Par Value
-3,182.71 3,379.54 196.83
Trade Date 8/15/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 115
Menifee Mayor and City Council
December 4, 2024
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 SALE/MATURITY SUMMARY (continued)
Settlement Estimated
Date Description Tax Cost Proceeds Gain/Loss
Toyota Auto Rec Own Tr
A B S Ser 2022 C Cl A 3
3.760 04/15/2027
TAR3727
08/15/24 Paid Down 1,487.74
Par Value
-1,462.98 1,487.74 24.76
Trade Date 8/15/24
Total Taxable Bonds -$53,373.98
-$53,373.98
$52,642.76
$52,642.76
-$731.22
-$731.22Total Sales & Maturities
SALE/MATURITY SUMMARY MESSAGES
Estimated Year-To-Date Short-Term Gain (Loss): $229.27
Estimated Year-To-Date Long-Term Gain (Loss): ($702,014.06) Estimates should not be used for tax purposes
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 116
Menifee Mayor and City Council
December 4, 2024
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024
BOND SUMMARY
Percentage of
Par Value Market Value Category
MATURITY
2024
2025
2026
2027
2028
2029
2030
3,365,166.45
23,989,709.82
36,661,324.12
16,553,713.63
16,180,000.00
32,680,000.00
0.00 3,346,104.05
23,488,225.75
35,238,406.04
16,527,788.65
16,325,739.65
33,092,913.75
0.00 2.59
18.15 27.22
12.77 12.60
25.55 0.00
2031 0.00 0.00 0.00
2032 0.00 0.00 0.00
2033 0.00 0.00 0.00
2034 - 2038
2039 - 2043
2044 - 2048
2049 - 2053
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 1.121,500,000.00 1,456,035.00
Total of Category $130,929,914.02 $129,475,212.89 100.00 Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 117
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December 4, 2024
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ACCOUNT NUMBER: 6736302020 August 1, 2024 to August 31, 2024 BOND SUMMARY (continued)
Percentage of
Par Value Market Value Category
MOODY'S RATING
Aaa
Aa2
Aa3
A1
A2
A3
95,066,428.36
55,000.00
93,572,651.77
52,598.00
72.27 0.04
0.07 14.62
3.33 5.70
0.02 3.95
90,000.00 88,028.90
18,907,000.00
4,245,000.00
7,335,000.00
30,000.00
18,932,858.13
4,307,107.10
7,379,783.15
28,965.30Baa1
N/A 5,201,485.66 5,113,220.54
Total of Category $130,929,914.02 $129,475,212.89 100.00
S&P RATING
AAA
AA+
AA
AA-
A+
A
A-
N/A
5,801,431.13
29,450,000.00
115,000.00
5,761,071.16
28,260,897.75
109,518.80
4.45 21.83
0.08 0.55
4.05 10.75
8.35 49.94
700,000.00 711,340.00
5,155,000.00
13,785,000.00
10,907,000.00
65,016,482.89
5,244,308.45
13,916,724.00
10,807,449.33
64,663,903.40
Total of Category $130,929,914.02 $129,475,212.89 100.00
BOND SUMMARY MESSAGES
Data contained within this section excluded Mutual Funds, Exchange Traded Funds, and Closed-Ended Funds.
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 118
Menifee Mayor and City Council
December 4, 2024
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Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 119
Menifee Mayor and City Council
December 4, 2024
Page
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Glossary
Accretion - The accumulation of the value of a discounted bond until maturity.
Adjusted Prior Market Realized Gain/Loss - The difference between the proceeds and the Prior Market Value of the transaction.
Adjusted Prior Market Unrealized Gain/Loss - The difference between the Market Value and the Adjusted Prior Market Value.
Adjusted Prior Market Value - A figure calculated using the beginning Market Value for the fiscal year, adjusted for all asset related transactions during the period, employing an average cost methodology.
Amortization - The decrease in value of a premium bond until maturity.
Asset - Anything owned that has commercial exchange value. Assets may consist of specific property or of claims against others, in contrast to obligations due to others (liabilities).
Bond Rating - A measurement of a bond's quality based upon the issuer's financial condition. Ratings are assigned by independent rating services, such as Moody's, or S&P, and reflect their opinion of the issuer's ability to meet the scheduled interest and principal repayments for the bond.
Cash - Cash activity that includes both income and principal cash categories.
Change in Unrealized Gain/Loss - Also reported as Gain/Loss in Period in the Asset Detail section.
This figure shows the market appreciation (depreciation) for the current period.
Cost Basis (Book Value) - The original price of an asset, normally the purchase price or appraised value at the time of acquisition. Book Value method maintains an average cost for each asset.
Cost Basis (Tax Basis) - The original price of an asset, normally the purchase price or appraised value at the time of acquisition. Tax Basis uses client determined methods such as Last-In-First-Out (LIFO), First-In-First-Out (FIFO), Average, Minimum Gain, and Maximum Gain.
Ending Accrual - (Also reported as Accrued Income) Income earned but not yet received, or expenses incurred but not yet paid, as of the end of the reporting period.
Estimated Annual Income - The amount of income a particular asset is anticipated to earn over the next year. The shares multiplied by annual income rate.
Estimated Current Yield - The annual rate of return on an investment expressed as a percentage. For stocks, yield is calculated by taking the annual dividend payments divided by the stock's current share price. For bonds, yield is calculated by the coupon rate divided by the bond's market price.
Ex-Dividend Date - (Also reported as Ex-Date) For stock trades, the person who owns the security on the ex-dividend date will earn the dividend, regardless of who currently owns the stock.
Income Cash - A category of cash comprised of ordinary earnings derived from investments, usually dividends and interest.
Market Value - The price per unit multiplied by the number of units.
Maturity Date - The date on which an obligation or note matures.
Payable Date - The date on which a dividend, mutual fund distribution, or interest on a bond will be made.
Principal Cash - A category of cash comprised of cash, deposits, cash withdrawals and the cash flows generated from purchases or sales of investments.
Realized Gain/Loss Calculation - The Proceeds less the Cost Basis of a transaction.
Settlement Date - The date on which a trade settles and cash or securities are credited or debited to the account.
Trade Date - The date a trade is legally entered into.
Unrealized Gain/Loss - The difference between the Market Value and Cost Basis at the end of the current period.
Yield on/at Market - The annual rate of return on an investment expressed as a percentage. For stocks, yield is calculated by the annual dividend payments divided by the stock's current share price.
For bonds, yield is calculated by the coupon rate divided by the bond's market price.
The terms defined in this glossary are only for use when reviewing your account statement. Please contact your Relationship Manager with any questions.
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 120
Menifee Mayor and City Council
December 4, 2024
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021015
-UC-244
U.S. Bank
1555 N. Rivercenter Dr.
Suite 300
Milwaukee, WI 53212
000017411 06 SP
CITY OF MENIFEE
000638788338690 S
FINANCE DEPARTMENT
29844 HAUN ROAD
MENIFEE, CA 92586
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 121
Menifee Mayor and City Council
December 4, 2024
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23949
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0220052-00-04007-04
QUESTIONS? ACCOUNT NUMBER: 6736302020
CITY OF MENIFEEIf you have any questions regarding your account or this statement, please contact your Administrator.
KATHERINE ARTISHON
EP-MN-WS4E
60 LIVINGSTON AVE.
ST PAUL MN 55107
E-mail [email protected]
Portfolio Manager:
TS PRT RC #1 - AUTO
CN-OH-W6TC
This statement is for the period from September 1, 2024 to September 30, 2024 000018332 06 SP
CITY OF MENIFEE
000638811147349 S
FINANCE DEPARTMENT
29844 HAUN ROAD
MENIFEE, CA 92586
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 122
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December 4, 2024
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Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 123
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TABLE OF CONTENTS
Schedule Page
Market Value Summary ........................................................................................
Asset Summary ....................................................................................................
Income Summary ..................................................................................................
Cash Summary .....................................................................................................
Asset Detail ...........................................................................................................
Transaction Detail .................................................................................................
Sale/Maturity Summary .........................................................................................
Bond Summary ..................................................................................................... 1 2
3 4
5 28
40 47
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 124
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December 4, 2024
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Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 125
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December 4, 2024
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024
MARKET VALUE SUMMARY
Current Period
09/01/24 to 09/30/24
Beginning Market Value $129,608,631.28
Taxable Interest 426,744.16
-253,228.19
6.41 Long Term Gains/Losses
Short Term Gains/Losses
Change in Investment Value 1,074,937.77
Ending Market Value $130,857,091.43
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 126
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December 4, 2024
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024
ASSET SUMMARY
Current Period
Market Value
% of
Total
Estimated
Annual IncomeAssets
Cash & Equivalents
Taxable Bonds
220,268.36 0.20 10,541.62
130,636,823.07 99.80 4,139,629.68
Total Market Value $130,857,091.43 100.00 $4,150,171.30 Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 127
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December 4, 2024
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024
INCOME SUMMARY
Income Received
Current Period
Taxable Interest 426,744.16
Total Current Period Income $426,744.16
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 128
Menifee Mayor and City Council
December 4, 2024
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024
CASH SUMMARY
Cash
$0.00Beginning Cash 09/01/2024
Taxable Interest
Purchases
426,744.16
-6,334,538.00
5,994,643.81
-86,849.97
Sales
Net Money Market Activity
Ending Cash 09/30/2024 $0.00
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 129
Menifee Mayor and City Council
December 4, 2024
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024
ASSET DETAIL
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Cash & Equivalents
Cash/Money Market
Federated Hermes Govt Obligs Is - 60934N104
#5
220,268.360 1.0000 220,268.36 220,268.36 0.00 0.2 10,541.62 4.79 Total Cash/Money Market $220,268.36 $220,268.36 $0.00 0.2 $10,541.62 Total Cash & Equivalents $220,268.36 $220,268.36 $0.00 0.2 $10,541.62 Taxable Bonds
US Government Issues
F H L B Gtd R E M I C Pass Thru - 3137BFE98
C M O Ser K041 Cl A2
3.171 10/25/2024
11,395.410 99.6650
98.8500
97.1250
96.5330
11,357.24
79,080.00
77,700.00
72,399.75
12,258.07
79,938.40
79,736.00
74,777.85
-900.83
-858.40
0.0 0.1
0.1 0.1
361.35
1,200.00
300.00
3.18 1.52
0.39 0.39
F H L M C - 3137EAEP0
1.500 02/12/2025
80,000.000
F H L M C M T N - 3137EAEU9
0.375 07/21/2025
80,000.000 -2,036.00
-2,378.10
F H L M C M T N - 3137EAEX3
0.375 09/23/2025
75,000.000 281.25
F H L M C Multiclass Mtg Partn - 3137H4BY5
C M O Ser K 746 Cl A 2
1.985 09/25/2028
135,000.000 93.1270 125,721.45 116,263.48 9,457.97 0.1 2,741.85 2.18 Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 130
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December 4, 2024
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
F H L M C Multiclass Mtg Partn - 3137FMCR1
C M O Ser Ko93 Cl A2
2.982 05/25/2052
1,000,000.000 95.9960
99.5050
99.1160
99.0600
98.9640
98.5110
98.1310
97.5520
959,960.00
13,314.43
34,318.02
58,943.41
24,741.00
123,138.75
68,691.70
117,062.40
964,765.62
13,506.11
35,587.09
63,278.99
26,792.97
121,166.99
67,000.39
116,042.97
-4,805.62
-191.68
0.7 0.0
0.0 0.0
0.0 0.1
0.1 0.1
29,820.00
357.26
3.11 2.68
3.36 3.31
3.37 3.04
2.80 2.59
F H L M C Multiclass Mtg Partn - 3137BFXT3
C M O Ser K042 Cl A2
2.670 12/25/2024
13,380.660
F H L M C Multiclass Mtg Partn - 3137BKRJ1
C M O Ser K047 Cl A2
3.329 05/25/2025
34,624.100 -1,269.07
-4,335.58
-2,051.97
1,971.76
1,691.31
1,019.43
1,152.64
1,954.07
833.50
F H L M C Multiclass Mtg Partn - 3137BLAC2
C M O Ser K048 Cl A2
06/25/2025 Var
59,502.740
F H L M C Multiclass Mtg Partn - 3137BLW95
C M O Ser K050 Cl A2
08/25/2025 Var
25,000.000
F H L M C Multiclass Mtg Partn - 3137BN6G4
C M O Ser K053 Cl A2
2.995 12/25/2025
125,000.000 3,743.75
1,921.50
3,030.00
F H L M C Multiclass Mtg Partn - 3137BNGT5
C M O Ser K054 Cl A2
2.745 01/25/2026
70,000.000
F H L M C Multiclass Mtg Partn - 3137BQYS0
C M O Ser K056 Cl A2
2.525 05/25/2026
120,000.000
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 131
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December 4, 2024
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
F H L M C Multiclass Mtg Partn - 3137BSP72
C M O Ser K058 Cl A2
2.653 08/25/2026
125,000.000 97.4920
98.7210
98.8170
97.8890
98.2550
99.7440
97.8630
97.3330
121,865.00
69,104.70
118,955.08
67,716.80
2,909.92
1,387.90
1,460.57
1,940.75
909.70
0.1 0.1
0.1 0.1
0.0 1.1
1.1 0.1
3,316.25
2,389.10
2,401.00
3,175.81
990.90
2.72 3.46
3.47 3.26
3.36 3.91
3.50 2.59
F H L M C Multiclass Mtg Partn - 3137BUX60
C M O Ser K062 Cl A2
3.413 12/25/2026
70,000.000
F H L M C Multiclass Mtg Partn - 3137BVZ82
C M O Ser K063 Cl A2
01/25/2027 Var
70,000.000 69,171.90 67,711.33
F H L M C Multiclass Mtg Partn - 3137FBU79
C M O Ser K069 Cl A2
3.187 09/25/2027
99,648.950 97,545.36 95,604.61
F H L M C Multiclass Mtg Partn - 3137FCJK1
C M O Ser K070 Cl A2
11/25/2027 Var
30,000.000 29,476.50 28,566.80
F H L M C Multiclass Mtg Partn - 3137FJEH8
C M O Ser K081 Cl A2
08/25/2028 Var
1,500,000.000 1,496,160.00
1,467,945.00
121,666.25
1,436,718.75
1,405,195.31
117,695.31
59,441.25
62,749.69
3,970.94
58,500.00
51,330.01
3,156.25
F H L M C Multiclass Mtg Partn - 3137FLMV3
C M O Ser K090 Cl A2
3.422 02/25/2052
1,500,000.000
F H L M C Multiclass Mtg Partn - 3137FQXJ7
C M O Ser K737 Cl A2
2.525 10/25/2026
125,000.000
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 132
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December 4, 2024
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
F N M A - 3135G05X7
0.375 08/25/2025
75,000.000 96.8650
97.4330
96.2270
99.1930
99.8700
97.9780
95.0220
98.9530
100.0260
100.8140
72,648.75
68,203.10
74,807.25
69,954.40
-2,158.50
-1,751.30
-2,219.75
-1,844.00
28.70 0.1
0.1 0.0
0.0 0.1
0.0 3.6
0.2 0.2
0.1 281.25
350.00
0.39 0.51
0.52 1.64
1.63 0.64
0.84 1.77
3.87 3.84
F N M A - 3135G04Z3
0.500 06/17/2025
70,000.000
F N M A - 3135G06G3
0.500 11/07/2025
65,000.000 62,547.55 64,767.30 325.00
F N M A - 3135G0X24
1.625 01/07/2025
65,000.000 64,475.45 66,319.45 1,056.25
1,137.50
406.25
F N M A - 3135G0W66
1.625 10/15/2024
70,000.000 69,909.00 69,880.30
F N M A Deb - 3135G03U5
0.625 04/22/2025
65,000.000 63,685.70 64,866.10 -1,180.40
-226,400.00
8,465.60
852.60
Federal Farm Credit Bks - 3133EML67
0.800 06/22/2026
5,000,000.000 4,751,100.00
217,696.60
210,054.60
151,221.00
4,977,500.00
209,231.00
209,202.00
150,753.00
40,000.00
3,850.00
8,137.50
5,812.50
Federal Farm Credit Bks - 3133ENPG9
1.750 02/14/2025
220,000.000
Federal Farm Credit Bks - 3133EN7J3
3.875 02/02/2026
210,000.000
Federal Farm Credit Bks - 3133EPGW9
3.875 04/25/2028
150,000.000 468.00
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 133
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December 4, 2024
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Federal Farm Credit Bks - 3133EPSK2
4.250 08/07/2028
75,000.000 102.2790
102.5130
103.1960
101.9280
103.3130
104.7990
96.8440
95.1530
95.2530
95.3370
76,709.25
276,785.10
722,372.00
713,496.00
98,147.35
74,100.00
272,999.70
689,017.00
693,700.00
93,915.10
2,609.25
3,785.40
0.1 0.2
0.6 0.5
0.1 0.6
3.0 3.6
3.6 3.6
3,187.50
11,475.00
30,625.00
31,500.00
4,275.00
4.15 4.15
4.24 4.41
4.36 4.53
0.72 0.92
1.05 1.10
Federal Farm Credit Bks - 3133EPN50
4.250 12/15/2028
270,000.000
Federal Farm Credit Bks - 3133ERAK7
4.375 04/10/2029
700,000.000 33,355.00
19,796.00
4,232.25
Federal Farm Credit Bks - 3133EP6K6
4.500 03/26/2027
700,000.000
Federal Farm Credit Bks - 3133EPWK7
4.500 09/22/2028
95,000.000
Federal Farm Credit Bks - 3133ERDH1
4.750 04/30/2029
700,000.000 733,593.00
3,873,760.00
4,757,650.00
4,762,650.00
4,766,850.00
706,132.00
4,000,000.00
5,000,000.00
5,000,000.00
5,000,000.00
27,461.00
-126,240.00
-242,350.00
-237,350.00
-233,150.00
33,250.00
28,000.00
43,750.00
50,000.00
52,500.00
Federal Home Loan Bks - 3130AMQ54
0.700 09/16/2025
4,000,000.000
Federal Home Loan Bks - 3130AMM33
0.875 07/16/2026
5,000,000.000
Federal Home Loan Bks - 3130AMT28
1.000 06/30/2026
5,000,000.000
Federal Home Loan Bks - 3130AMWZ1
1.050 06/30/2026
5,000,000.000
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 134
Menifee Mayor and City Council
December 4, 2024
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Federal Home Loan Bks - 3130A4CH3
2.375 03/14/2025
35,000.000 99.0410
101.9720
102.7350
103.5770
102.9130
99.9820
107.1560
96.3910
96.1290
96.0510
34,664.35
203,944.00
231,153.75
725,039.00
195,534.70
209,962.20
1,660,918.00
67,473.70
37,003.05
204,274.00
223,860.00
693,525.00
196,165.50
210,808.50
1,603,873.05
68,476.95
-2,338.70
-330.00
0.0 0.2
0.2 0.6
0.1 0.2
1.3 0.1
0.1 0.1
831.25
8,500.00
9,843.75
31,500.00
8,550.00
9,712.50
81,375.00
175.00
2.40 4.17
4.26 4.34
4.37 4.63
4.90 0.26
0.26 0.39
Federal Home Loan Bks - 3130ATUS4
4.250 12/10/2027
200,000.000
Federal Home Loan Bks - 3130AWTR1
4.375 09/08/2028
225,000.000 7,293.75
31,514.00
-630.80
Federal Home Loan Bks - 3130AVBD3
4.500 03/09/2029
700,000.000
Federal Home Loan Bks - 3130ATS57
4.500 03/10/2028
190,000.000
Federal Home Loan Bks - 3130ATUR6
4.625 12/13/2024
210,000.000 -846.30
U S Treasury Bond - 912810FG8
5.250 02/15/2029
1,550,000.000 57,044.95
-1,003.25
-1,889.58
-1,509.22
U S Treasury Note - 91282CAM3
0.250 09/30/2025
70,000.000
U S Treasury Note - 91282CAT8
0.250 10/31/2025
75,000.000 72,096.75 73,986.33 187.50
U S Treasury Note - 91282CAZ4
0.375 11/30/2025
70,000.000 67,235.70 68,744.92 262.50
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 135
Menifee Mayor and City Council
December 4, 2024
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
U S Treasury Note - 912828ZF0
0.500 03/31/2025
5,000,000.000 98.1090
95.6370
94.7270
95.9840
98.2540
96.6800
96.9140
98.2150
98.2340
98.4880
4,905,450.00
3,825,480.00
113,672.40
191,968.00
2,947,620.00
841,116.00
775,312.00
1,964,300.00
785,872.00
787,904.00
4,984,375.00
3,998,750.00
118,806.25
184,765.63
3,175,312.50
812,147.27
748,375.00
2,140,625.00
765,630.86
767,375.00
-78,925.00
-173,270.00
-5,133.85
3.7 2.9
0.1 0.1
2.3 0.6
0.6 1.5
0.6 0.6
25,000.00
30,000.00
1,050.00
0.51 0.78
0.92 1.69
2.04 2.07
2.32 2.29
2.54 2.66
U S Treasury Note - 91282CBT7
0.750 03/31/2026
4,000,000.000
U S Treasury Note - 91282CCZ2
0.875 09/30/2026
120,000.000
U S Treasury Note - 912828YQ7
1.625 10/31/2026
200,000.000 7,202.37 3,250.00
U S Treasury Note - 912828K74
2.000 08/15/2025
3,000,000.000 -227,692.50
28,968.73
26,937.00
-176,325.00
20,241.14
20,529.00
60,000.00
17,400.00
18,000.00
45,000.00
20,000.00
21,000.00
U S Treasury Note - 912828U24
2.000 11/15/2026
870,000.000
U S Treasury Note - 912828V98
2.250 02/15/2027
800,000.000
U S Treasury Note - 912828M56
2.250 11/15/2025
2,000,000.000
U S Treasury Note - 9128286F2
2.500 02/28/2026
800,000.000
U S Treasury Note - 9128286A3
2.625 01/31/2026
800,000.000
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 136
Menifee Mayor and City Council
December 4, 2024
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CITY OF MENIFEE Page 12 of 48
ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
U S Treasury Note - 912828XZ8
2.750 06/30/2025
800,000.000 99.0370
97.7700
99.1290
98.7620
97.9180
98.2580
99.1560
98.5590
99.7540
99.8400
792,296.00
796,825.50
793,032.00
1,609,820.60
2,056,278.00
147,387.00
808,121.40
1,478,385.00
812,995.10
798,720.00
778,218.75
765,901.95
780,218.75
1,560,182.82
2,066,046.88
143,970.70
786,333.79
1,443,515.63
784,646.88
780,187.50
14,077.25
30,923.55
12,813.25
49,637.78
-9,768.88
3,416.30
0.6 0.6
0.6 1.2
1.6 0.1
0.6 1.1
0.6 0.6
22,000.00
22,412.50
23,000.00
50,937.50
65,625.00
4,687.50
2.78 2.81
2.90 3.16
3.19 3.18
3.28 3.30
3.51 3.63
U S Treasury Note - 91282CFB2
2.750 07/31/2027
815,000.000
U S Treasury Note - 9128284R8
2.875 05/31/2025
800,000.000
U S Treasury Note - 91282CFH9
3.125 08/31/2027
1,630,000.000
U S Treasury Note - 91282CFJ5
3.125 08/31/2029
2,100,000.000
U S Treasury Note - 9128285M8
3.125 11/15/2028
150,000.000
U S Treasury Note - 91282CEW7
3.250 06/30/2027
815,000.000 21,787.61
34,869.37
28,348.22
18,532.50
26,487.50
48,750.00
28,525.00
29,000.00
U S Treasury Note - 91282CEV9
3.250 06/30/2029
1,500,000.000
U S Treasury Note - 91282CHA2
3.500 04/30/2028
815,000.000
U S Treasury Note - 91282CHB0
3.625 05/15/2026
800,000.000
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 137
Menifee Mayor and City Council
December 4, 2024
Page
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CITY OF MENIFEE Page 13 of 48
ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
U S Treasury Note - 91282CHE4
3.625 05/31/2028
815,000.000 100.1560
100.6720
100.9530
100.8280
101.6880
101.8980
100.1600
102.2700
100.6760
101.9410
816,271.40
895,980.80
858,100.50
806,624.00
838,926.00
1,324,674.00
821,312.00
1,636,320.00
805,408.00
805,333.90
787,623.25
858,566.41
824,931.64
782,968.75
802,336.91
1,316,402.34
810,386.72
1,574,437.50
786,781.25
773,639.07
28,648.15
37,414.39
33,168.86
23,655.25
36,589.09
8,271.66
0.6 0.7
0.7 0.6
0.6 1.0
0.6 1.3
0.6 0.6
29,543.75
33,375.00
32,937.50
32,000.00
33,000.00
52,000.00
32,800.00
66,000.00
33,000.00
32,587.50
3.62 3.72
3.84 3.97
3.93 3.92
3.99 4.03
4.10 4.05
U S Treasury Note - 91282CJR3
3.750 12/31/2028
890,000.000
U S Treasury Note - 91282CGC9
3.875 12/31/2027
850,000.000
U S Treasury Note - 91282CJT9
4.000 01/15/2027
800,000.000
U S Treasury Note - 91282CJW2
4.000 01/31/2029
825,000.000
U S Treasury Note - 91282CLC3
4.000 07/31/2029
1,300,000.000
U S Treasury Note - 91282CGA3
4.000 12/15/2025
820,000.000 10,925.28
61,882.50
18,626.75
31,694.83
U S Treasury Note - 91282CKG5
4.125 03/31/2029
1,600,000.000
U S Treasury Note - 91282CHH7
4.125 06/15/2026
800,000.000
U S Treasury Note - 91282CHQ7
4.125 07/31/2028
790,000.000
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 138
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December 4, 2024
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
U S Treasury Note - 91282CFM8
4.125 09/30/2027
800,000.000 101.6060
101.5820
100.5390
102.7770
102.9220
100.2930
100.4530
101.2500
102.8870
103.0630
812,848.00
1,676,103.00
804,312.00
873,604.50
1,646,752.00
852,490.50
853,850.50
810,000.00
823,096.00
876,035.50
790,265.63
1,630,343.75
789,312.50
838,150.40
1,656,250.00
839,707.03
838,876.95
791,375.00
791,476.57
839,308.59
22,582.37
45,759.25
14,999.50
35,454.10
-9,498.00
12,783.47
14,973.55
18,625.00
31,619.43
36,726.91
0.6 1.3
0.6 0.7
1.3 0.7
0.7 0.6
0.6 0.7
33,000.00
68,062.50
34,000.00
36,125.00
68,000.00
36,125.00
36,125.00
35,000.00
35,000.00
37,187.50
4.06 4.06
4.23 4.13
4.13 4.24
4.23 4.32
4.25 4.24
U S Treasury Note - 91282CFU0
4.125 10/31/2027
1,650,000.000
U S Treasury Note - 91282CJV4
4.250 01/31/2026
800,000.000
U S Treasury Note - 91282CKD2
4.250 02/28/2029
850,000.000
U S Treasury Note - 91282CKX8
4.250 06/30/2029
1,600,000.000
U S Treasury Note - 91282CFP1
4.250 10/15/2025
850,000.000
U S Treasury Note - 91282CJS1
4.250 12/31/2025
850,000.000
U S Treasury Note - 91282CHU8
4.375 08/15/2026
800,000.000
U S Treasury Note - 91282CHX2
4.375 08/31/2028
800,000.000
U S Treasury Note - 91282CJN2
4.375 11/30/2028
850,000.000
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 139
Menifee Mayor and City Council
December 4, 2024
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
U S Treasury Note - 91282CJP7
4.375 12/15/2026
800,000.000 101.5860
101.0550
102.1760
104.0000
101.3830
101.1130
104.4220
102.6990
100.5350
812,688.00
858,967.50
817,408.00
1,664,000.00
861,755.50
808,904.00
1,670,752.00
1,540,485.00
804,280.00
790,250.00
842,828.13
793,125.00
1,614,812.50
842,164.06
794,500.00
1,609,593.75
1,505,683.59
796,187.50
22,438.00
16,139.37
24,283.00
49,187.50
19,591.44
14,404.00
61,158.25
34,801.41
8,092.50
0.6 0.7
0.6 1.3
0.7 0.6
1.3 1.2
0.6 35,000.00
38,250.00
36,000.00
72,000.00
38,250.00
37,000.00
74,000.00
69,375.00
38,000.00
4.31 4.45
4.40 4.33
4.44 4.57
4.43 4.50
4.72 U S Treasury Note - 91282CKH3
4.500 03/31/2026
850,000.000
U S Treasury Note - 91282CKJ9
4.500 04/15/2027
800,000.000
U S Treasury Note - 91282CKT7
4.500 05/31/2029
1,600,000.000
U S Treasury Note - 91282CHM6
4.500 07/15/2026
850,000.000
U S Treasury Note - 91282CKB6
4.625 02/28/2026
800,000.000
U S Treasury Note - 91282CKP5
4.625 04/30/2029
1,600,000.000
U S Treasury Note - 91282CKV2
4.625 06/15/2027
1,500,000.000
U S Treasury Note - 91282CHN4
4.750 07/31/2025
800,000.000
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 140
Menifee Mayor and City Council
December 4, 2024
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
U S Treasury Note - 91282CKK6
4.875 04/30/2026
800,000.000 101.7070 813,656.00 799,125.00 14,531.00 0.6 39,000.00 4.79 Total US Government Issues $92,744,433.06 $93,073,936.77 -$329,503.71 70.9 $2,508,681.49 Corporate Issues
Ace Ina Holding - 00440EAS6
3.150 03/15/2025
50,000.000 99.2920
95.6120
49,646.00
57,367.20
51,448.00
59,740.80
-1,802.00
-2,373.60
0.0 0.0
1,575.00
600.00
3.17 1.05
Amazon Com Inc - 023135BX3
1.000 05/12/2026
60,000.000
American Honda Fin Corp - 02665WED9
Medium Term Note
4.700 01/12/2028
130,000.000 101.7860
101.9750
132,321.80
611,850.00
131,033.50
595,380.00
1,288.30 0.1
0.5 6,110.00 4.62
4.80 American Honda Finance - 02665WFD8
Medium Term Note
4.900 03/12/2027
600,000.000 16,470.00 29,400.00
American Honda Finance - 02665WFE6
Medium Term Note
4.900 03/13/2029
850,000.000 102.5940
96.7740
99.1140
872,049.00
24,193.50
99,114.00
843,616.50
25,621.00
96,949.00
28,432.50
-1,427.50
2,165.00
0.7 0.0
0.1 41,650.00
512.50
4.78 2.12
3.28 Apple Inc - 037833DN7
2.050 09/11/2026
25,000.000
Apple Inc - 037833BY5
3.250 02/23/2026
100,000.000 3,250.00
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 141
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December 4, 2024
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Bank Amer Corp Sr - 06051GJD2
Medium Term Note
1.319 06/19/2026
40,000.000 97.5370
100.8130
101.1700
100.9680
98.7540
39,014.80
30,243.90
910,530.00
706,776.00
666,589.50
74,188.50
40,105.60
30,000.00
881,811.00
694,316.00
656,743.45
71,563.50
-1,090.80
243.90
0.0 0.0
0.7 0.5
0.5 0.1
527.60
1,524.00
40,887.00
34,629.00
24,023.25
2,868.00
1.35 5.04
4.49 4.90
3.60 3.87
Bank America Corp - 06051GLE7
Medium Term Note
5.080 01/20/2027
30,000.000
Bank New York Mellon Corp - 06406RBN6
Medium Term Note
4.543 02/01/2029
900,000.000 28,719.00
12,460.00
9,846.05
2,625.00
Bank New York Mellon Corp - 06406RBQ9
Medium Term Note
4.947 04/26/2027
700,000.000
Bank Of America Corp - 06051GHT9
Medium Term Note
3.559 04/23/2027
675,000.000
Bank Of America Corp - 06051GGF0
Medium Term Note
3.824 01/20/2028
75,000.000 98.9180
Bank Of America Corp - 06051GHG7
Medium Term Note
3.970 03/05/2029
1,050,000.000 98.8220
96.7910
1,037,631.00
43,555.95
992,729.50
44,991.45
44,901.50
-1,435.50
0.8 0.0
41,685.00
1,035.00
4.02 2.38
Berkshire Hathaway Fin - 084664CZ2
2.300 03/15/2027
45,000.000
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 142
Menifee Mayor and City Council
December 4, 2024
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Bmw Veh Owner Tr - 05602RAD3
A B S Ser 2022 A Cl A 3
08/25/2026 Var
7,011.840 99.3280
100.0830
102.1920
99.6950
6,964.72
64,509.53
582,494.40
44,862.75
80,749.60
7,011.47
64,572.61
569,913.42
45,481.50
79,988.80
-46.75
-63.08
0.0 0.0
0.4 0.0
0.1 225.08
3,325.93
29,526.00
967.50
3.23 5.16
5.07 2.16
4.75 Bmw Vehicle Lease - 05593AAC3
A B S Ser 2023 1 Cl A 3
5.160 11/25/2025
64,456.030
Bmw Vehicle Owner Trust - 096919AD7
A B S Ser 2024 A Cl A 3
5.180 02/26/2029
570,000.000 12,580.98
-618.75
760.80
Caterpillar Finl Service - 14913Q3B3
Medium Term Note
2.150 11/08/2024
45,000.000
Caterpillar Finl Svcs - 14913R3B1
Medium Term Note
4.800 01/06/2026
80,000.000 100.9370 3,840.00
Caterpillar Finl Svcs - 14913UAJ9
Medium Term Note
4.850 02/27/2029
1,300,000.000 103.4700
96.0380
97.0540
102.1890
1,345,110.00
24,009.50
1,290,499.00
24,991.70
54,611.00
-982.20
1.0 0.0
0.1 0.5
63,050.00
612.50
4.69 2.55
3.30 4.70
Charles Schwab Corp - 808513BY0
2.450 03/03/2027
25,000.000
85,000.000
Charles Schwab Corp - 808513AU9
3.200 01/25/2028
82,495.90 80,783.15 1,712.75
20,629.00
2,720.00
33,600.00
Cisco Sys Inc - 17275RBQ4
4.800 02/26/2027
700,000.000 715,323.00 694,694.00
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 143
Menifee Mayor and City Council
December 4, 2024
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Costco Wholesale Corp - 22160KAM7
3.000 05/18/2027
20,000.000 98.2990 19,659.80 19,535.80 124.00 0.0 600.00 3.05 Deere John Capital Corp - 24422EWJ4
Medium Term Note
4.050 09/08/2025
70,000.000 99.8520
97.8840
69,896.40
34,259.40
69,267.10
36,755.95
629.30 0.1
0.0 2,835.00
1,032.50
4.06 3.01
Duke Energy Carolinas - 26442CAS3
2.950 12/01/2026
35,000.000 -2,496.55
Gm Fin Cons Auto Rec - 380146AC4
A B S Ser 2022 1 Cl A3
1.260 11/16/2026
3,994.620 98.6420 3,940.37 3,994.26 -53.89 0.0 50.33 1.28 Gm Fin Cons Auto Rec Tr - 362554AC1
A B S Ser 2021 4 Cl A 3
0.680 09/16/2026
3,260.510 98.5230 3,212.35 3,260.41 -48.06 0.0
0.6 22.17 0.69
4.73 Home Depot Inc - 437076CW0
4.900 04/15/2029
750,000.000 103.5980 776,985.00 742,725.00 34,260.00 36,750.00 Honda Auto Rec Owner - 437930AC4
A B S Ser 2024 2 Cl A 3
5.270 11/20/2028
210,000.000 102.1890
98.8080
98.6980
214,596.90
43,128.65
2,680.32
209,974.48
41,986.50
2,715.10
4,622.42
1,142.15
-34.78
0.2 0.0
0.0 11,067.00
820.60
23.90 5.16
1.90 0.89
Honda Auto Rec Ownr Tr - 43815BAC4
A B S Ser 2022 1 Cl A 3
1.880 05/15/2026
43,648.950
Honda Auto Rec Ownr Tr 2021 4 - 43815GAC3
A B S Ser 2021 4 Cl A3
01/21/2026 Var
2,715.680
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 144
Menifee Mayor and City Council
December 4, 2024
Page
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Honda Auto Receivables Owner - 43813YAC6
A B S Ser 2024 3 Cl A3
4.570 03/21/2029
800,000.000 100.9660
97.4070
807,728.00
136,369.80
799,874.32
131,150.60
7,853.68
5,219.20
0.6 0.1
36,560.00
3,500.00
4.53 2.57
Honeywell International - 438516BL9
2.500 11/01/2026
140,000.000
Hyundai Auto Rec Tr - 44935FAD6
A B S Ser 2021 C Cl A3
0.740 05/15/2026
4,703.320 99.0790
98.9000
101.8360
98.8290
100.4450
98.8500
4,660.00
11,662.53
1,578,458.00
3,144.37
4,635.93
11,791.78
1,509,761.00
3,181.34
24.07 -129.25
68,697.00
-36.97
0.0 0.0
1.2 0.0
0.0 0.0
34.80 261.79
0.75 2.24
4.42 0.53
5.07 2.35
Hyundai Auto Rec Tr - 448977AD0
A B S Ser 2022 A Cl A3
10/15/2026 Var
11,792.240
John Deere Capital Corporation - 24422EXH7
Medium Term Note
4.500 01/16/2029
1,550,000.000 69,750.00
16.54 John Deere Own - 47789QAC4
A B S Ser 2021 B Cl A 3
03/16/2026 Var
3,181.630
22,459.420
4,263.020
John Deere Owner - 47800BAC2
A B S Ser 2022 C Cl A 3
5.090 06/15/2027
22,559.36
4,214.00
22,457.67
4,262.07
101.69 1,143.18
98.90 John Deere Owner Tr - 47787JAC2
A B S Ser 2022 Cl A 3
09/15/2026 Var
-48.07
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 145
Menifee Mayor and City Council
December 4, 2024
Page
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CITY OF MENIFEE Page 21 of 48
ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
John Deere Owner Trust - 47800CAC0
A B S Ser 2023 A Cl A3
5.010 11/15/2027
20,000.000 100.6860 20,137.20 19,996.36 140.84 0.0 1,002.00 4.98 John Deere Ownr Tr - 47800AAC4
A B S Ser 2022 B Cl A3
02/16/2027 Var
11,221.790
70,000.000
12,000.000
99.4420
98.9080
98.4040
97.6620
99.4280
98.9440
11,159.17
69,235.60
11,220.72
67,053.70
-61.55
2,181.90
-639.48
0.0 0.1
0.0 0.9
0.3 0.0
419.69
2,647.40
249.96
3.76 3.82
2.12 3.59
3.98 2.02
Jpmorgan Chase Co - 46625HRY8
02/01/2028 Var
Jpmorgan Chase Co - 46647PBK1
2.083 04/22/2026
11,808.48 12,447.96
Jpmorgan Chase Co - 46647PAM8
3.509 01/23/2029
1,250,000.000 1,220,775.00
397,712.00
34,630.40
1,169,226.50
388,284.00
36,067.15
51,548.50
9,428.00
-1,436.75
43,862.50
15,840.00
700.00
Jpmorgan Chase Co - 46647PBA3
3.960 01/29/2027
400,000.000
35,000.000
Mastercard Inc - 57636QAN4
2.000 03/03/2025
Mercedes Benz Auto - 58770AAC7
A B S Ser 2023 1 Cl A3
4.510 11/15/2027
34,512.450
130,000.000
125,000.000
100.0120
100.8420
99.0560
34,516.59
131,094.60
123,820.00
34,508.31
130,394.70
120,882.50
8.28 699.90
0.0 0.1
0.1 1,556.51
5,265.00
3,906.25
4.51 4.02
3.15 Merck Co Inc - 58933YBH7
4.050 05/17/2028
Microsoft Corp - 594918BJ2
3.125 11/03/2025
2,937.50
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 146
Menifee Mayor and City Council
December 4, 2024
Page
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CITY OF MENIFEE Page 22 of 48
ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Morgan Stanley - 61747YEZ4
Medium Term Note
5.050 01/28/2027
750,000.000 100.9340
102.7860
757,005.00
822,288.00
744,262.05
794,520.00
12,742.95
27,768.00
0.6 0.6
37,875.00
41,312.00
5.00 5.02
Morgan Stanley - 61747YFD2
Medium Term Note
5.164 04/20/2029
800,000.000
Morgan Stanley Fr - 6174468Q5
Medium Term Note
2.188 04/28/2026
35,000.000 98.4340
98.1820
34,451.90 33,013.20 1,438.70 0.0
1.2 765.80 2.22
3.77 National Rural Util Coop - 637432NS0
3.700 03/15/2029
1,600,000.000 1,570,912.00 1,507,712.00 63,200.00 59,200.00 National Rural Utils Coop Fin - 63743HFE7
Medium Term Note
3.450 06/15/2025
10,000.000 99.2720 9,927.20 9,997.30 -70.10 0.0 345.00 3.47 National Rural Utils Corp Fin - 63743HFH0
Medium Term Note
4.450 03/13/2026
70,000.000 100.4880
100.1630
70,341.60
15,024.45
69,950.30
14,975.70
391.30
48.75 0.1
0.0 3,115.00
600.00
4.43 3.99
Northern Tr Corp Sr Nt - 665859AW4
4.000 05/10/2027
15,000.000
Paccar Financial Corp - 69371RR73
Medium Term Note
2.850 04/07/2025
35,000.000 99.1140 34,689.90 34,990.90
99,515.00
-301.00 0.0
0.1 997.50 2.88
4.52 Paccar Financial Corp - 69371RS31
Medium Term Note
4.600 01/10/2028
100,000.000 101.6500 101,650.00 2,135.00 4,600.00
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 147
Menifee Mayor and City Council
December 4, 2024
Page
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CITY OF MENIFEE Page 23 of 48
ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Paccar Financial Corp - 69371RS80
Medium Term Note
4.600 01/31/2029
1,500,000.000 102.5420
98.9740
1,538,130.00
128,666.20
135,488.70
1,641,808.00
1,468,515.00
124,989.80
134,947.35
1,577,232.00
69,615.00
3,676.40
541.35
1.2 0.1
0.1 1.3
69,000.00
3,575.00
6,423.30
78,000.00
4.49 2.78
4.74 4.75
Pepsico Inc - 713448CT3
2.750 04/30/2025
130,000.000
Pnc Financial Services - 693475BL8
4.758 01/26/2027
135,000.000 100.3620
102.6130
Prologis L P - 74340XCG4
4.875 06/15/2028
1,600,000.000 64,576.00
Public Service Electric - 74456QBR6
Medium Term Note
2.250 09/15/2026
850,000.000 96.6500 821,525.00 807,126.00 14,399.00 0.6 19,125.00 2.33 Public Service Electric - 74456QBX3
Medium Term Note
3.650 09/01/2028
800,000.000 98.4560
99.5870
99.3880
101.8600
98.0390
787,648.00
19,917.40
752,432.00
19,714.00
35,216.00
203.40
0.6 0.0
0.1 1.1
0.6 29,200.00
775.00
3.71 3.89
3.97 4.66
3.82 Reality Income Corp - 756109AV6
3.875 04/15/2025
20,000.000
Realty Income Corp - 756109BG8
3.950 08/15/2027
100,000.000 99,388.00 97,097.00 2,291.00
66,075.00
34,776.00
3,950.00
68,875.00
30,000.00
Realty Income Corp Sr - 756109CF9
4.750 02/15/2029
1,450,000.000 1,476,970.00
784,312.00
1,410,895.00
749,536.00
Simon Property Group LP - 828807DE4
3.375 12/01/2027
800,000.000
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 148
Menifee Mayor and City Council
December 4, 2024
Page
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
State Str Corp Sr Nt - 857477CL5
4.993 03/18/2027
125,000.000 102.3640
96.0600
127,955.00
19,212.00
125,000.00
19,966.00
2,955.00
-754.00
0.1 0.0
6,241.25
390.00
4.88 2.03
Target Corp - 87612EBM7
1.950 01/15/2027
20,000.000
Toronto Dominion Bank - 89115A2C5
Medium Term Note
4.108 06/08/2027
40,000.000 99.9890
98.8120
99.4730
95.3400
99.0890
101.8510
104.1940
39,995.60
21,327.37
21,696.55
38,136.00
29,726.70
81,480.80
1,510,813.00
39,866.00
20,326.70
21,448.54
39,982.40
29,959.80
79,947.20
1,455,605.50
129.60
1,000.67
248.01
0.0 0.0
0.0 0.0
0.0 0.1
1.2 1,643.20
153.25
4.11 0.72
3.78 1.18
1.46 4.54
5.04 Toyota Auto Rec Own Tr - 89238JAC9
A B S Ser 2021 D Cl A 3
04/15/2026 Var
21,583.790
Toyota Auto Rec Own Tr - 89231CAD9
A B S Ser 2022 C Cl A 3
3.760 04/15/2027
21,811.500 820.11
Toyota Mtr Cr Corp - 89236TJK2
Medium Term Note
1.125 06/18/2026
40,000.000
30,000.000
-1,846.40
-233.10
450.00
Toyota Mtr Cr Corp - 89236TJT3
Medium Term Note
1.450 01/13/2025
435.00
Toyota Mtr Cr Corp - 89236TKQ7
Medium Term Note
4.625 01/12/2028
80,000.000 1,533.60
55,207.50
3,700.00
76,125.00
Toyota Mtr Cr Corp - 89236TLB9
Medium Term Note
5.250 09/11/2028
1,450,000.000
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 149
Menifee Mayor and City Council
December 4, 2024
Page
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Truist Finl Corp - 89788MAA0
Medium Term Note
1.200 08/05/2025
30,000.000 97.2290
95.6040
29,168.70
38,241.60
857,318.50
728,469.00
29,341.20
39,563.60
822,681.00
702,464.00
-172.50
-1,322.00
34,637.50
26,005.00
0.0 0.0
0.7 0.6
360.00
460.00
1.23 1.20
4.21 5.04
Unitedhealth Group Inc - 91324PEC2
1.150 05/15/2026
40,000.000
Unitedhealth Group Inc - 91324PEU2
4.250 01/15/2029
850,000.000 100.8610
104.0670
36,125.00
36,750.00
Unitedhealth Group Inc - 91324PEP3
5.250 02/15/2028
700,000.000
US Bancorp - 91159HJK7
Medium Term Note
4.653 02/01/2029
1,600,000.000 100.9680
94.9660
1,615,488.00 1,550,764.50 64,723.50 1.2 74,448.00 4.61
1.11 Walmart Inc - 931142ER0
1.050 09/17/2026
10,000.000 9,496.60 9,981.10 -484.50 0.0 105.00
Total Corporate Issues $30,112,303.61 $29,119,714.30 $992,589.31 23.0 $1,304,098.79 Foreign Issues
Bank Montreal Que - 06368D3S1
Medium Term Note
3.700 06/07/2025
75,000.000 99.4070
94.6720
74,555.25
37,868.80
73,120.50
39,951.60
1,434.75
-2,082.80
0.1 0.0
2,775.00
500.00
3.72 1.32
Bank Of Montreal - 06368FAC3
Medium Term Note
1.250 09/15/2026
40,000.000
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 150
Menifee Mayor and City Council
December 4, 2024
Page
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Inter American Devel Bk - 4581X0DC9
3.125 09/18/2028
120,000.000 98.2710 117,925.20 112,706.40 5,218.80
-3,012.75
0.1 0.1
3,750.00
656.25
3.18 0.92
Inter American Devel Bk - 4581X0DV7
Medium Term Note
0.875 04/20/2026
75,000.000 95.5250 71,643.75 74,656.50
Inter American Devel Bk - 4581X0EN4
Medium Term Note
4.125 02/15/2029
1,385,000.000 101.9760
99.9630
96.2960
99.6190
1,412,367.60
1,349,500.50
72,222.00
1,381,426.20
1,350,850.50
74,670.05
30,941.40
-1,350.00
-2,448.05
46,059.00
1.1 1.0
0.1 1.0
57,131.25
48,937.50
375.00
4.04 3.63
0.52 3.51
International Bank - 459058KL6
3.625 09/21/2029
1,350,000.000
International Bank M T N - 459058JL8
0.500 10/28/2025
75,000.000
International Bank M T N - 459058KT9
3.500 07/12/2028
1,300,000.000 1,295,047.00 1,248,988.00 45,500.00
International Finance Corp - 45950KDD9
Medium Term Note
4.500 07/13/2028
100,000.000 103.3120
99.3500
103,312.00
19,870.00
81,900.00
99,889.00
19,992.60
79,957.60
3,423.00
-122.60
1,942.40
0.1 0.0
0.1 4,500.00
675.00
4.36 3.40
4.79 Royal Bk Cda - 78016EZ59
Medium Term Note
3.375 04/14/2025
20,000.000
Royal Bk Cda - 78016FZW7
Medium Term Note
4.900 01/12/2028
80,000.000 102.3750 3,920.00
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 151
Menifee Mayor and City Council
December 4, 2024
Page
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
Royal Bk Cda - 78016HZV5
Medium Term Note
4.950 02/01/2029
1,550,000.000 103.1250
101.0860
104.6120
1,598,437.50
80,868.80
1,530,273.50
79,890.40
68,164.00
978.40
1.2 0.1
76,725.00
4,082.40
4.80 5.05
5.28 Toronto Dominion Bank - 89115A2K7
Medium Term Note
5.103 01/09/2026
80,000.000
Toronto Dominion Bank - 89115A2U5
Medium Term Note
5.523 07/17/2028
1,400,000.000 1,464,568.00 1,406,219.50 58,348.50 1.1 77,322.00 Total Foreign Issues $7,780,086.40 $7,572,592.35 $207,494.05 5.9 $326,849.40 Total Taxable Bonds $130,636,823.07
$130,857,091.43
$129,766,243.42
$129,986,511.78
$870,579.65
$870,579.65
99.8 $4,139,629.68
$4,150,171.30Total Assets 100.0
Estimated Current Yield 3.17
ASSET DETAIL MESSAGES
Time of trade execution and trading party (if not disclosed) will be provided upon request.
Publicly traded assets are valued in accordance with market quotations or valuation methodologies from financial industry services believed by us to be reliable. Assets that are not publicly traded may be reflected at values from other external sources. Assets for which a current value is not available may be reflected at a previous value or as not valued, at par value, or at a nominal value. Values shown do not necessarily reflect prices at which assets could be bought or sold. Values are updated based on internal policy and may be updated less frequently than statement generation.
Estimated Current Yield and Estimated Annual Income are estimates provided for informational purposes only and should not be relied on for making investment, trading, or tax decisions. The estimates may not represent the actual value earned by your investments and they provide no guarantee of what your investments may earn in the future.
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 152
Menifee Mayor and City Council
December 4, 2024
Page
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024
TRANSACTION DETAIL
Date
Posted Activity Description Cash Tax Cost
Beginning Balance 09/01/2024 $0.00 $129,812,989.40
09/03/24
09/03/24
09/03/24
09/03/24
09/03/24
09/03/24
09/03/24
09/03/24
09/03/24
09/05/24
09/09/24
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Interest Earned On
U S Treasury Nt 2.500% 2/28/26
0.0125 USD/$1 Pv On 800,000 Par Value Due 8/31/24
10,000.00
Interest Earned On
U S Treasury Nt 3.125% 8/31/27
0.015625 USD/$1 Pv On 1,630,000 Par Value Due 8/31/24
25,468.75
18,062.50
17,500.00
18,500.00
14,600.00
306.25
Interest Earned On
U S Treasury Nt 4.250% 2/28/29
0.02125 USD/$1 Pv On 850,000 Par Value Due 8/31/24
Interest Earned On
U S Treasury Nt 4.375% 8/31/28
0.021875 USD/$1 Pv On 800,000 Par Value Due 8/31/24
Interest Earned On
U S Treasury Nt 4.625% 2/28/26
0.023125 USD/$1 Pv On 800,000 Par Value Due 8/31/24
Interest Earned On
Public Service Mtn 3.650% 9/01/28
0.01825 USD/$1 Pv On 800,000 Par Value Due 9/1/24
Interest Earned On
Charles Schwab Corp 2.450% 3/03/27
0.01225 USD/$1 Pv On 25,000 Par Value Due 9/3/24
Interest Earned On
Mastercard Inc 2.000% 3/03/25
0.01 USD/$1 Pv On 35,000 Par Value Due 9/3/24
350.00
Interest Earned On
Federated Hermes Govt Obligs Is
Interest From 8/1/24 To 8/31/24
6,173.62
20,842.50
1,417.50
Interest Earned On
Bank Of America Mtn 3.970% 3/05/29
0.01985 USD/$1 Pv On 1,050,000 Par Value Due 9/5/24
Interest Earned On
Deere John Mtn 4.050% 9/08/25
0.02025 USD/$1 Pv On 70,000 Par Value Due 9/8/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 153
Menifee Mayor and City Council
December 4, 2024
Page
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
09/09/24
09/09/24
09/10/24
09/11/24
Asset Income
Asset Income
Asset Income
Purchase
Interest Earned On
F H L B Deb 4.375% 9/08/28
0.021875 USD/$1 Pv On 225,000 Par Value Due 9/8/24
4,921.88
Interest Earned On
F H L B Deb 4.500% 3/09/29
0.0225 USD/$1 Pv On 700,000 Par Value Due 9/9/24
15,750.00
Interest Earned On
F H L B Deb 4.500% 3/10/28
0.0225 USD/$1 Pv On 190,000 Par Value Due 9/10/24
4,275.00
Purchased 1,600,000 Par Value Of
U S Treasury Nt 3.125% 8/31/29
Trade Date 9/10/24
Purchased Through Nomura Securities Internationa
Purchased On The Offexchange Transactions List
Swift External Ref#: 8425403133869406
1,600,000 Par Value At 98.44921875 %
-1,575,187.50 1,575,187.50
1,656,250.00
-3,111,562.50
09/11/24
09/11/24
Purchase Accrued Interest
Purchase
Paid Accrued Interest On Purchase Of
U S Treasury Nt 3.125% 8/31/29
Income Debit 1,519.34- USD
-1,519.34
Purchased 1,600,000 Par Value Of
U S Treasury Nt 4.250% 6/30/29
Trade Date 9/10/24
Purchased Through J.P. Morgan Securities LLC
Purchased On The Offexchange Transactions List
Swift External Ref#: 8425403133869397
1,600,000 Par Value At 103.515625 %
-1,656,250.00
09/11/24
09/11/24
Purchase Accrued Interest
Sale
Paid Accrued Interest On Purchase Of
U S Treasury Nt 4.250% 6/30/29
Income Debit 13,489.13- USD
-13,489.13
Sold 3,000,000 Par Value Of 2,985,117.19
U S Treasury Nt 1.500% 10/31/24
Trade Date 9/10/24
Sold Through J.P. Morgan Securities LLC
Sold On The Offexchange Transactions List
Swift External Ref#: 8425403133868970
3,000,000 Par Value At 99.50390633 %
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 154
Menifee Mayor and City Council
December 4, 2024
Page
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
09/11/24
09/11/24
09/11/24
09/12/24
09/13/24
09/13/24
09/16/24
09/16/24
09/16/24
09/16/24
09/16/24
Sell Accrued Interest
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Sale
Received Accrued Interest On Sale Of
U S Treasury Nt 1.500% 10/31/24
Income Credit 16,385.87 USD
16,385.87
Interest Earned On
Apple Inc 2.050% 9/11/26
0.01025 USD/$1 Pv On 25,000 Par Value Due 9/11/24
256.25
Interest Earned On
Toyota Mtr Cr Mtn 5.250% 9/11/28
0.02625 USD/$1 Pv On 1,450,000 Par Value Due 9/11/24
38,062.50
14,618.33
20,825.00
1,557.50
250.00
Interest Earned On
American Honda Mtn 4.900% 3/12/27
0.024364 USD/$1 Pv On 600,000 Par Value Due 9/12/24
Interest Earned On
American Honda Mtn 4.900% 3/13/29
0.0245 USD/$1 Pv On 850,000 Par Value Due 9/13/24
Interest Earned On
National Rural Mtn 4.450% 3/13/26
0.02225 USD/$1 Pv On 70,000 Par Value Due 9/13/24
Interest Earned On
Bank Of Montreal Mtn 1.250% 9/15/26
0.00625 USD/$1 Pv On 40,000 Par Value Due 9/15/24
Interest Earned On
Gm Fin Cons Auto 0.680% 9/16/26
2.07 $0.00057/Pv On 3,655.29 Pv Due 9/16/24
Paid Down 394.78 Par Value Of
Gm Fin Cons Auto 0.680% 9/16/26
Trade Date 9/16/24
394.78 -394.77
Asset Income
Sale
Interest Earned On
Hyundai Auto Rec 2.220% 10/15/26
24.22 $0.00185/Pv On 13,093.79 Pv Due 9/15/24
Paid Down 1,301.55 Par Value Of
Hyundai Auto Rec 2.220% 10/15/26
Trade Date 9/15/24
1,301.55 -1,301.50
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 155
Menifee Mayor and City Council
December 4, 2024
Page
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
09/16/24
09/16/24
09/16/24
09/16/24
09/16/24
09/16/24
09/16/24
09/16/24
09/16/24
09/16/24
09/16/24
Asset Income Interest Earned On
John Deere Ownr Tr 3.740% 2/16/27
$0.00312/Pv On
36.96 635.67
100.95
1,339.47
83.50 11,857.46 Pv Due 9/15/24
Sale Paid Down 635.67 Par Value Of
John Deere Ownr Tr 3.740% 2/16/27
Trade Date 9/15/24
-635.61
Asset Income
Sale
Interest Earned On
John Deere Owner 5.090% 6/15/27
$0.00424/Pv On 23,798.89 Pv Due 9/15/24
Paid Down 1,339.47 Par Value Of
John Deere Owner 5.090% 6/15/27
Trade Date 9/15/24
-1,339.37
Asset Income
Asset Income
Sale
Interest Earned On
John Deere Owner 5.010% 11/15/27
$0.00418/Pv On 20,000.00 Pv Due 9/15/24
Interest Earned On
Mercedes Benz Auto 4.510% 11/15/27
$0.00376/Pv On
131.54
487.55
4.66 35,000.00 Pv Due 9/15/24
Paid Down 487.55 Par Value Of
Mercedes Benz Auto 4.510% 11/15/27
Trade Date 9/15/24
-487.49
-442.52
Asset Income
Sale
Interest Earned On
Gm Fin Cons Auto 1.260% 11/16/26
$0.00105/Pv On 4,437.18 Pv Due 9/16/24
Paid Down 442.56 Par Value Of
Gm Fin Cons Auto 1.260% 11/16/26
Trade Date 9/16/24
442.56
76.18Asset Income
Sale
Interest Earned On
Honda Auto Rec Own 1.880% 5/15/26
$0.00157/Pv On 48,620.57 Pv Due 9/15/24
Paid Down 4,971.62 Par Value Of
Honda Auto Rec Own 1.880% 5/15/26
Trade Date 9/15/24
4,971.62 -4,782.27
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 156
Menifee Mayor and City Council
December 4, 2024
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
09/16/24
09/16/24
09/16/24
09/16/24
09/16/24
09/16/24
09/16/24
09/16/24
09/16/24
09/16/24
09/16/24
Asset Income Interest Earned On
Hyundai Auto Rec Tr 0.740% 5/15/26
$0.00062/Pv On
3.50 959.18
8.98 5,662.50 Pv Due 9/15/24
Sale Paid Down 959.18 Par Value Of
Hyundai Auto Rec Tr 0.740% 5/15/26
Trade Date 9/15/24
-945.43
Asset Income
Sale
Interest Earned On
John Deere Owner 2.320% 9/15/26
$0.00193/Pv On 4,643.94 Pv Due 9/15/24
Paid Down 380.92 Par Value Of
John Deere Owner 2.320% 9/15/26
Trade Date 9/15/24
380.92
1.54 -380.84
-378.20
Asset Income
Sale
Interest Earned On
John Deere Own 0.520% 3/16/26
$0.00043/Pv On 3,559.87 Pv Due 9/15/24
Paid Down 378.24 Par Value Of
John Deere Own 0.520% 3/16/26
Trade Date 9/15/24
378.24
72.85Asset Income
Sale
Interest Earned On
Toyota Auto Rec 3.760% 4/15/27
$0.00313/Pv On 23,250.35 Pv Due 9/15/24
Paid Down 1,438.85 Par Value Of
Toyota Auto Rec 3.760% 4/15/27
Trade Date 9/15/24
1,438.85
14.63 -1,414.91
-2,967.31
Asset Income
Sale
Interest Earned On
Toyota Auto Rec 0.710% 4/15/26
$0.00059/Pv On 24,734.61 Pv Due 9/15/24
Paid Down 3,150.82 Par Value Of
Toyota Auto Rec 0.710% 4/15/26
Trade Date 9/15/24
3,150.82
415.63Asset Income Interest Earned On
F H L B Deb 2.375% 3/14/25
0.011875 USD/$1 Pv On 35,000 Par Value Due 9/14/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 157
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
09/16/24
09/16/24
09/16/24
09/16/24
09/16/24
09/17/24
09/18/24
09/18/24
09/18/24
09/20/24
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Purchase
Interest Earned On
Ace Ina Holding 3.150% 3/15/25
0.01575 USD/$1 Pv On 50,000 Par Value Due 9/15/24
787.50
Interest Earned On
Berkshire Hathaway 2.300% 3/15/27
0.0115 USD/$1 Pv On 45,000 Par Value Due 9/15/24
517.50
Interest Earned On
National Rural Util 3.700% 3/15/29
0.0185 USD/$1 Pv On 1,600,000 Par Value Due 9/15/24
29,600.00
9,562.50
14,000.00
52.50 Interest Earned On
Public Service Mtn 2.250% 9/15/26
0.01125 USD/$1 Pv On 850,000 Par Value Due 9/15/24
Interest Earned On
F H L B Deb 0.700% 9/16/25
0.0035 USD/$1 Pv On 4,000,000 Par Value Due 9/16/24
Interest Earned On
Walmart Inc 1.050% 9/17/26
0.00525 USD/$1 Pv On 10,000 Par Value Due 9/17/24
Interest Earned On
Honda Auto Rec Owner 5.270% 11/20/28
$0.00439/Pv On 210,000.00 Pv Due 9/18/24
922.25
Interest Earned On
Inter Amer Dev Bk 3.125% 9/18/28
0.015625 USD/$1 Pv On 120,000 Par Value Due 9/18/24
1,875.00
3,120.63
-490,859.38
Interest Earned On
State Str Corp Sr 4.993% 3/18/27
0.024965 USD/$1 Pv On 125,000 Par Value Due 9/18/24
Purchased 500,000 Par Value Of 490,859.38
U S Treasury Nt 3.125% 8/31/29
Trade Date 9/19/24
Purchased Through Nomura Securities Internationa
Purchased On The Offexchange Transactions List
Swift External Ref#: 8426303133898446
500,000 Par Value At 98.171876 %
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 158
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
09/20/24
09/20/24
Purchase Accrued Interest Paid Accrued Interest On Purchase Of U S Treasury Nt 3.125% 8/31/29
Income Debit 863.26- USD
-863.26
Purchase Purchased 300,000 Par Value Of
Bank Of America Mtn 3.559% 4/23/27
Trade Date 9/19/24
-296,625.00 296,625.00
Purchased Through Citigroup Global Markets Inc.
Purchased On The Marketaxess Corporation
Swift External Ref#: 8426303133898492
300,000 Par Value At 98.875 %
09/20/24
09/20/24
Purchase Accrued Interest
Sale
Paid Accrued Interest On Purchase Of
Bank Of America Mtn 3.559% 4/23/27
Income Debit 4,359.77- USD
-4,359.77
Sold 3,000,000 Par Value Of 2,965,781.25 -3,091,875.00
U S Treasury Nt 1.375% 1/31/25
Trade Date 9/19/24
Sold Through BofA Securities, Inc.
Sold On The Offexchange Transactions List
Swift External Ref#: 8426303133898427
3,000,000 Par Value At 98.859375 %
09/20/24
09/23/24
09/23/24
09/23/24
09/23/24
Sell Accrued Interest
Asset Income
Sale
Received Accrued Interest On Sale Of
U S Treasury Nt 1.375% 1/31/25
Income Credit 5,716.71 USD
5,716.71
2.30Interest Earned On
Honda Auto Rec 0.880% 1/21/26
$0.00073/Pv On 3,134.56 Pv Due 9/21/24
Paid Down 418.88 Par Value Of
Honda Auto Rec 0.880% 1/21/26
Trade Date 9/21/24
418.88
2,137.50
140.63
-418.79
Asset Income
Asset Income
Interest Earned On
F F C B Deb 4.500% 9/22/28
0.0225 USD/$1 Pv On 95,000 Par Value Due 9/22/24
Interest Earned On
F H L M C M T N 0.375% 9/23/25
0.001875 USD/$1 Pv On 75,000 Par Value Due 9/23/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 159
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
09/24/24 Purchase Purchased 1,000,000 Par Value Of
F H L M C Mltcl Mtg 2.982% 5/25/52
Trade Date 9/19/24
-964,765.62 964,765.62
Purchased Through Goldman Sachs & Co. LLC
Purchased On The Offexchange Transactions List
Swift External Ref#: 8426303133897220
1,000,000 Par Value At 96.476563 %
09/24/24
09/25/24
09/25/24
09/25/24
09/25/24
09/25/24
09/25/24
09/25/24
09/25/24
Purchase Accrued Interest
Asset Income
Asset Income
Sale
Paid Accrued Interest On Purchase Of
F H L M C Mltcl Mtg 2.982% 5/25/52
Income Debit 1,905.17- USD
-1,905.17
2,460.50
62.92 Interest Earned On
Bmw Vehicle Owner 5.180% 2/26/29
$0.00432/Pv On 570,000.00 Pv Due 9/25/24
Interest Earned On
F H L B Gtd Remic 3.171% 10/25/24
$0.00264/Pv On 23,809.92 Pv Due 9/25/24
Paid Down 12,414.51 Par Value Of
F H L B Gtd Remic 3.171% 10/25/24
Trade Date 9/25/24
12,414.51
31.12 -13,354.32
-612.90
-71.80
Asset Income
Sale
Interest Earned On
F H L M C Mltcl Mtg 2.670% 12/25/24
$0.00223/Pv On 13,987.87 Pv Due 9/25/24
Paid Down 607.21 Par Value Of
F H L M C Mltcl Mtg 2.670% 12/25/24
Trade Date 9/25/24
607.21
96.25Asset Income
Sale
Interest Earned On
F H L M C Mltcl Mtg 3.329% 5/25/25
$0.00277/Pv On 34,693.96 Pv Due 9/25/24
Paid Down 69.86 Par Value Of
F H L M C Mltcl Mtg 3.329% 5/25/25
Trade Date 9/25/24
69.86 Asset Income Interest Earned On 163.18
F H L M C Mltcl Mt 3.284% 6/25/25
$0.00274/Pv On 59,627.76 Pv Due 9/25/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 160
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
09/25/24
09/25/24
09/25/24
09/25/24
09/25/24
09/25/24
09/25/24
09/25/24
09/25/24
09/25/24
09/25/24
Sale Paid Down 125.02 Par Value Of
F H L M C Mltcl Mt 3.284% 6/25/25
Trade Date 9/25/24
125.02 -132.95
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Sale
Interest Earned On
F H L M C Mltcl Mt 3.334% 8/25/25
69.46 $0.00278/Pv On 25,000.00 Pv Due 9/25/24
Interest Earned On
F H L M C Mltcl Mtg 2.995% 12/25/25
$0.00250/Pv On 125,000.00 Pv Due 9/25/24
311.98
160.13
252.50
276.35
199.09
200.08
265.07
157.98
82.58 Interest Earned On
F H L M C Mltcl Mtg 2.745% 1/25/26
$0.00229/Pv On 70,000.00 Pv Due 9/25/24
Interest Earned On
F H L M C Mltcl Mtg 2.525% 5/25/26
$0.00210/Pv On 120,000.00 Pv Due 9/25/24
Interest Earned On
F H L M C Mltcl Mt 2.653% 8/25/26
$0.00221/Pv On 125,000.00 Pv Due 9/25/24
Interest Earned On
F H L M C Mltcl Mtg 3.413% 12/25/26
$0.00284/Pv On 70,000.00 Pv Due 9/25/24
Interest Earned On
F H L M C Mltcl Mt 3.430% 1/25/27
$0.00286/Pv On 70,000.00 Pv Due 9/25/24
Interest Earned On
F H L M C Mltcl Mt 3.187% 9/25/27
$0.00266/Pv On 99,806.93 Pv Due 9/25/24
Paid Down 157.98 Par Value Of
F H L M C Mltcl Mt 3.187% 9/25/27
Trade Date 9/25/24
-151.57
Asset Income Interest Earned On
F H L M C Mltcl Mt 3.303% 11/25/27
$0.00275/Pv On 30,000.00 Pv Due 9/25/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 161
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
09/25/24
09/25/24
09/25/24
09/25/24
09/25/24
09/25/24
09/25/24
09/25/24
09/25/24
09/26/24
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Sale
Interest Earned On
F H L M C Mltcl Mt 3.900% 8/25/28
$0.00325/Pv On 1,500,000.00 Pv Due 9/25/24
4,875.00
4,277.50
228.49
6.40 Interest Earned On
F H L M C Mltcl Mt 3.422% 2/25/52
$0.00285/Pv On 1,500,000.00 Pv Due 9/25/24
Interest Earned On
F H L M C Mltcl Mtg 2.031% 9/25/28
$0.00169/Pv On 135,000.00 Pv Due 9/25/24
Interest Earned On
F H L M C Mltcl Mtg 3.241% 9/25/24
$0.00270/Pv On 0.00 Pv Due 9/25/24
Interest Earned On
Bmw Vehicle Lease 5.160% 11/25/25
$0.00430/Pv On
324.17
10,932.07
20.82 75,388.10 Pv Due 9/25/24
Paid Down 10,932.07 Par Value Of
Bmw Vehicle Lease 5.160% 11/25/25
Trade Date 9/25/24
-10,951.85
Asset Income
Sale
Interest Earned On
Bmw Veh Owner Tr 3.210% 8/25/26
$0.00268/Pv On 7,781.81 Pv Due 9/25/24
Paid Down 769.97 Par Value Of
Bmw Veh Owner Tr 3.210% 8/25/26
Trade Date 9/25/24
769.97
263.02
2,368.66
-769.93
Asset Income
Sale
Interest Earned On
F H L M C Mltcl Mt 2.525% 10/25/26
$0.00210/Pv On 125,000.00 Pv Due 9/25/24
Sold 2,368.66 Par Value Of
F H L M C Mltcl Mtg 3.241% 9/25/24
Trade Date 9/26/24
-2,493.76
Sold Through Calls
09/26/24 Asset Income Interest Earned On 15,750.00
F F C B Deb 4.500% 3/26/27
0.0225 USD/$1 Pv On 700,000 Par Value Due 9/26/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 162
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
09/27/24
09/27/24
Asset Income Interest Earned On
Honda Auto 4.570% 3/21/29
0.003808 USD/$1 Pv On 800,000 Par Value Due 9/21/24
3,046.67
Purchase Purchased 1,350,000 Par Value Of
Intl Bk 3.625% 9/21/29
-1,350,850.50 1,350,850.50
Trade Date 9/26/24
Purchased Through Marketaxess Corp
Purchased On The Marketaxess Corporation
Swift External Ref#: 8427003133916005
1,350,000 Par Value At 100.063 %
09/27/24
09/30/24
09/30/24
09/30/24
09/30/24
09/30/24
09/30/24
09/30/24
Purchase Accrued Interest
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Purchase
Paid Accrued Interest On Purchase Of
Intl Bk 3.625% 9/21/29
Income Debit 815.63- USD
-815.63
87.50Interest Earned On
U S Treasury Nt 0.250% 9/30/25
0.00125 USD/$1 Pv On 70,000 Par Value Due 9/30/24
Interest Earned On
U S Treasury Nt 0.500% 3/31/25
0.0025 USD/$1 Pv On 5,000,000 Par Value Due 9/30/24
12,500.00
15,000.00
525.00
Interest Earned On
U S Treasury Nt 0.750% 3/31/26
0.00375 USD/$1 Pv On 4,000,000 Par Value Due 9/30/24
Interest Earned On
U S Treasury Nt 0.875% 9/30/26
0.004375 USD/$1 Pv On 120,000 Par Value Due 9/30/24
Interest Earned On
U S Treasury Nt 4.125% 3/31/29
0.020625 USD/$1 Pv On 1,600,000 Par Value Due 9/30/24
33,000.00
16,500.00
19,125.00
-2,611,971.40
Interest Earned On
U S Treasury Nt 4.125% 9/30/27
0.020625 USD/$1 Pv On 800,000 Par Value Due 9/30/24
Interest Earned On
U S Treasury Nt 4.500% 3/31/26
0.0225 USD/$1 Pv On 850,000 Par Value Due 9/30/24
Combined Purchases For The Period 9/ 1/24 - 9/30/24 Of
Federated Hermes Govt Obligs Is
2,611,971.40
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 163
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
Sale Combined Sales For The Period 9/ 1/24 - 9/30/24 Of Federated Hermes Govt Obligs Is
2,525,121.43 -2,525,121.43
Ending Balance 09/30/2024 $0.00 $129,986,511.78
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 164
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024
SALE/MATURITY SUMMARY
Settlement Estimated
Date Description Tax Cost Proceeds Gain/Loss
Taxable Bonds
Bmw Veh Owner Tr
A B S Ser 2022 A Cl A 3
08/25/2026
BVO3226
Var
09/25/24
09/25/24
Paid Down 769.97
Par Value
Trade Date 9/25/24
-769.93 769.97 0.04
Bmw Vehicle Lease
A B S Ser 2023 1 Cl A 3
5.160 11/25/2025
05593AAC3
Paid Down 10,932.07
Par Value
Trade Date 9/25/24
-10,951.85
-13,354.32
-2,493.76
10,932.07
12,414.51
2,368.66
-19.78
F H L B Gtd R E M I C Pass Thru
C M O Ser K041 Cl A2
3.171 10/25/2024
3137BFE98
09/25/24 Paid Down 12,414.51
Par Value
Trade Date 9/25/24
-939.81
-125.10
F H L M C Multiclass Mtg Partn
C M O Ser K040 Cl A2
3.241 09/25/2024
FHL3224
09/26/24 Sold 2,368.66 Par
Value
Trade Date 9/26/24
Sold Through Calls
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 165
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 SALE/MATURITY SUMMARY (continued)
Settlement
Date
Estimated
Gain/LossDescription Tax Cost Proceeds
F H L M C Multiclass Mtg Partn
C M O Ser K042 Cl A2
2.670 12/25/2024
3137BFXT3
09/25/24 Paid Down 607.21
Par Value
-612.90 607.21 -5.69
Trade Date 9/25/24
F H L M C Multiclass Mtg Partn
C M O Ser K047 Cl A2
3.329 05/25/2025
FHL3325A
09/25/24 Paid Down 69.86 Par
Value
Trade Date 9/25/24
-71.80
-132.95
-151.57
69.86 125.02
157.98
-1.94
-7.93
6.41 F H L M C Multiclass Mtg Partn
C M O Ser K048 Cl A2
06/25/2025
FHL3225
Var
09/25/24 Paid Down 125.02
Par Value
Trade Date 9/25/24
F H L M C Multiclass Mtg Partn
C M O Ser K069 Cl A2
3.187 09/25/2027
FHL3127A
09/25/24 Paid Down 157.98
Par Value
Trade Date 9/25/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 166
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 SALE/MATURITY SUMMARY (continued)
Settlement Estimated
Date Description Tax Cost Proceeds Gain/Loss
Gm Fin Cons Auto Rec
A B S Ser 2022 1 Cl A3
1.260 11/16/2026
GFC1226
09/16/24 Paid Down 442.56
Par Value
-442.52 442.56 0.04
Trade Date 9/16/24
Gm Fin Cons Auto Rec Tr
A B S Ser 2021 4 Cl A 3
0.680 09/16/2026
GFC0626
09/16/24
09/16/24
Paid Down 394.78
Par Value
Trade Date 9/16/24
-394.77
-4,782.27
-418.79
394.78
4,971.62
418.88
0.01 189.35
0.09 Honda Auto Rec Ownr Tr
A B S Ser 2022 1 Cl A 3
1.880 05/15/2026
HAR1826
Paid Down 4,971.62
Par Value
Trade Date 9/15/24
Honda Auto Rec Ownr Tr 2021 4
A B S Ser 2021 4 Cl A3
01/21/2026
HAR0826
Var
09/23/24 Paid Down 418.88
Par Value
Trade Date 9/21/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 167
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 SALE/MATURITY SUMMARY (continued)
Settlement Estimated
Date Description Tax Cost Proceeds Gain/Loss
Hyundai Auto Rec Tr
A B S Ser 2021 C Cl A3
0.740 05/15/2026
HAR0726
09/16/24 Paid Down 959.18
Par Value
-945.43 959.18 13.75
Trade Date 9/15/24
Hyundai Auto Rec Tr
A B S Ser 2022 A Cl A3
10/15/2026
HAR2226
Var
09/16/24
09/16/24
09/16/24
Paid Down 1,301.55
Par Value
Trade Date 9/15/24
-1,301.50 1,301.55 0.05
0.04 0.10
John Deere Own
A B S Ser 2021 B Cl A 3
03/16/2026
JDO0926
Var
Paid Down 378.24
Par Value
Trade Date 9/15/24
-378.20 378.24
John Deere Owner
A B S Ser 2022 C Cl A 3
5.090 06/15/2027
JDO5027
Paid Down 1,339.47
Par Value
-1,339.37 1,339.47
Trade Date 9/15/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 168
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 SALE/MATURITY SUMMARY (continued)
Settlement Estimated
Date Description Tax Cost Proceeds Gain/Loss
John Deere Owner Tr
A B S Ser 2022 Cl A 3
09/15/2026
JDO2326
Var
09/16/24 Paid Down 380.92
Par Value
-380.84 380.92 0.08
Trade Date 9/15/24
John Deere Ownr Tr
A B S Ser 2022 B Cl A3
02/16/2027
JDO6827
Var
09/16/24
09/16/24
09/16/24
Paid Down 635.67
Par Value
Trade Date 9/15/24
-635.61
-487.49
635.67
487.55
0.06 0.06
Mercedes Benz Auto
A B S Ser 2023 1 Cl A3
4.510 11/15/2027
MBA4527
Paid Down 487.55
Par Value
Trade Date 9/15/24
Toyota Auto Rec Own Tr
A B S Ser 2021 D Cl A 3
04/15/2026
TAR0726
Var
Paid Down 3,150.82
Par Value
-2,967.31 3,150.82 183.51
Trade Date 9/15/24
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 169
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ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 SALE/MATURITY SUMMARY (continued)
Settlement Estimated
Date Description Tax Cost Proceeds Gain/Loss
Toyota Auto Rec Own Tr
A B S Ser 2022 C Cl A 3
3.760 04/15/2027
TAR3727
09/16/24 Paid Down 1,438.85
Par Value
-1,414.91 1,438.85 23.94
Trade Date 9/15/24
U S Treasury Note
1.375 01/31/2025
912828Z52
09/20/24 Sold 3,000,000 Par
Value
-3,091,875.00 2,965,781.25 -126,093.75
Trade Date 9/19/24
Sold Through BofA Securities, Inc.
Sold On The Offexchange Transactions List
Swift External Ref#: 8426303133898427
3,000,000 Par Value At 98.859375 %
U S Treasury Note
1.500 10/31/2024
912828YM6
09/11/24 Sold 3,000,000 Par -3,111,562.50 2,985,117.19 -126,445.31 Value
Trade Date 9/10/24
Sold Through J.P. Morgan Securities LLC
Sold On The Offexchange Transactions List
Swift External Ref#: 8425403133868970
3,000,000 Par Value At 99.50390633 %
Total Taxable Bonds -$6,247,865.59
-$6,247,865.59
$5,994,643.81
$5,994,643.81
-$253,221.78
-$253,221.78Total Sales & Maturities
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 170
Menifee Mayor and City Council
December 4, 2024
Page
191 of 1648
23949
00- -M -UC-UU -275-04
0220052-00-04007-04
CITY OF MENIFEE Page 46 of 48
ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024
SALE/MATURITY SUMMARY MESSAGES
Estimated Year-To-Date Short-Term Gain (Loss): $235.68
Estimated Year-To-Date Long-Term Gain (Loss): ($955,242.25) Estimates should not be used for tax purposes
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 171
Menifee Mayor and City Council
December 4, 2024
Page
192 of 1648
23949
00- -M -UC-UU -275-04
0220052-00-04007-04
CITY OF MENIFEE Page 47 of 48
ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024
BOND SUMMARY
Percentage of
Par Value Market Value Category
MATURITY
2024
2025
2026
2027
2028
2029
2030
349,776.07
20,978,582.87
36,648,155.60
16,849,654.11
16,180,000.00
37,730,000.00
0.00 349,405.62
20,630,685.26
35,457,503.56
16,919,451.03
16,447,086.60
38,404,786.00
0.00 0.26
15.80 27.15
12.96 12.59
29.39 0.00
2031 0.00 0.00 0.00
2032 0.00 0.00 0.00
2033 0.00 0.00 0.00
2034 - 2038
2039 - 2043
2044 - 2048
2049 - 2053
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 1.852,500,000.00 2,427,905.00
Total of Category $131,236,168.65 $130,636,823.07 100.00 Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 172
Menifee Mayor and City Council
December 4, 2024
Page
193 of 1648
23949
00- -M -UC-UU -275-04
0220052-00-04007-04
CITY OF MENIFEE Page 48 of 48
ACCOUNT NUMBER: 6736302020 September 1, 2024 to September 30, 2024 BOND SUMMARY (continued)
Percentage of
Par Value Market Value Category
MOODY'S RATING
Aaa
Aa2
Aa3
A1
A2
A3
94,095,599.53
55,000.00
93,213,806.50
53,052.55
71.36 0.04
0.07 14.84
3.32 5.69
0.02 4.66
90,000.00 88,549.60
19,207,000.00
4,245,000.00
7,335,000.00
30,000.00
19,387,361.38
4,341,540.95
7,439,238.90
29,168.70Baa1
N/A 6,178,569.12 6,084,104.49
Total of Category $131,236,168.65 $130,636,823.07 100.00
S&P RATING
AAA
AA+
AA
AA-
A+
A
A-
N/A
7,126,424.20
29,450,000.00
115,000.00
7,124,038.37
28,466,339.70
110,419.75
5.45 21.79
0.08 0.55
4.05 10.74
8.57 48.77
700,000.00 715,323.00
5,155,000.00
13,785,000.00
11,207,000.00
63,697,744.45
5,287,730.95
14,032,918.85
11,192,519.53
63,707,532.92
Total of Category $131,236,168.65 $130,636,823.07 100.00
BOND SUMMARY MESSAGES
Data contained within this section excluded Mutual Funds, Exchange Traded Funds, and Closed-Ended Funds.
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 173
Menifee Mayor and City Council
December 4, 2024
Page
194 of 1648
Glossary
Accretion - The accumulation of the value of a discounted bond until maturity.
Adjusted Prior Market Realized Gain/Loss - The difference between the proceeds and the Prior Market Value of the transaction.
Adjusted Prior Market Unrealized Gain/Loss - The difference between the Market Value and the Adjusted Prior Market Value.
Adjusted Prior Market Value - A figure calculated using the beginning Market Value for the fiscal year, adjusted for all asset related transactions during the period, employing an average cost methodology.
Amortization - The decrease in value of a premium bond until maturity.
Asset - Anything owned that has commercial exchange value. Assets may consist of specific property or of claims against others, in contrast to obligations due to others (liabilities).
Bond Rating - A measurement of a bond's quality based upon the issuer's financial condition. Ratings are assigned by independent rating services, such as Moody's, or S&P, and reflect their opinion of the issuer's ability to meet the scheduled interest and principal repayments for the bond.
Cash - Cash activity that includes both income and principal cash categories.
Change in Unrealized Gain/Loss - Also reported as Gain/Loss in Period in the Asset Detail section.
This figure shows the market appreciation (depreciation) for the current period.
Cost Basis (Book Value) - The original price of an asset, normally the purchase price or appraised value at the time of acquisition. Book Value method maintains an average cost for each asset.
Cost Basis (Tax Basis) - The original price of an asset, normally the purchase price or appraised value at the time of acquisition. Tax Basis uses client determined methods such as Last-In-First-Out (LIFO), First-In-First-Out (FIFO), Average, Minimum Gain, and Maximum Gain.
Ending Accrual - (Also reported as Accrued Income) Income earned but not yet received, or expenses incurred but not yet paid, as of the end of the reporting period.
Estimated Annual Income - The amount of income a particular asset is anticipated to earn over the next year. The shares multiplied by annual income rate.
Estimated Current Yield - The annual rate of return on an investment expressed as a percentage. For stocks, yield is calculated by taking the annual dividend payments divided by the stock's current share price. For bonds, yield is calculated by the coupon rate divided by the bond's market price.
Ex-Dividend Date - (Also reported as Ex-Date) For stock trades, the person who owns the security on the ex-dividend date will earn the dividend, regardless of who currently owns the stock.
Income Cash - A category of cash comprised of ordinary earnings derived from investments, usually dividends and interest.
Market Value - The price per unit multiplied by the number of units.
Maturity Date - The date on which an obligation or note matures.
Payable Date - The date on which a dividend, mutual fund distribution, or interest on a bond will be made.
Principal Cash - A category of cash comprised of cash, deposits, cash withdrawals and the cash flows generated from purchases or sales of investments.
Realized Gain/Loss Calculation - The Proceeds less the Cost Basis of a transaction.
Settlement Date - The date on which a trade settles and cash or securities are credited or debited to the account.
Trade Date - The date a trade is legally entered into.
Unrealized Gain/Loss - The difference between the Market Value and Cost Basis at the end of the current period.
Yield on/at Market - The annual rate of return on an investment expressed as a percentage. For stocks, yield is calculated by the annual dividend payments divided by the stock's current share price.
For bonds, yield is calculated by the coupon rate divided by the bond's market price.
The terms defined in this glossary are only for use when reviewing your account statement. Please contact your Relationship Manager with any questions.
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 174
Menifee Mayor and City Council
December 4, 2024
Page
195 of 1648
023949
-UC-275
U.S. Bank
1555 N. Rivercenter Dr.
Suite 300
Milwaukee, WI 53212
000018332 06 SP
CITY OF MENIFEE
000638811147349 S
FINANCE DEPARTMENT
29844 HAUN ROAD
MENIFEE, CA 92586
Item Title: 10.2
Treasurer's Report - September 2024
Item Page Number: 175
Menifee Mayor and City Council
December 4, 2024
Page
196 of 1648
CITY OF MENIFEE
SUBJECT: Warrant Register
MEETING DATE: December 4, 2024
TO: Mayor and City Council
PREPARED BY: Ann-Marie Etienne, Finance Manager
REVIEWED BY: Travis Hickey, Chief Financial Officer
APPROVED BY: Armando G. Villa, City Manager
-------------------------------------------------------------------------------------------------------------------------------
RECOMMENDED ACTION
1. Ratify and approve the Voucher Lists dated 10/25/2024, 11/1/2024 and 11/08/2024, the Payroll Register/Other EFTs dated 10/25/2024, 10/28/2024, 11/4/2024, 11/8/2024 and the Void Check Listing PE 10/31/2024 which have a total budgetary impact of $9,734,411.73.
DISCUSSION
The City of Menifee Municipal Code Chapter 3.16.050 requires that the City Council audit payments of demands and direct the City Manager to issue checks. The attached Voucher Lists and all corresponding invoices have been reviewed and approved for accuracy by the Finance Manager and by the Chief Financial Officer. Voucher Lists dated 10/25/2024, 11/1/2024 and 11/08/2024, the Payroll Register/Other EFTs dated 10/25/2024, 10/28/2024, 11/4/2024, 11/8/2024 and the Void Check Listing PE 10/31/2024 which have a total budgetary impact of $9,734,411.73.
STRATEGIC PLAN OBJECTIVE
Regular City Business
FISCAL IMPACT
As indicated previously, the payments of demand above have a total budgetary impact of $9,734,411.73, which is available in the fiscal year 2024/25 budget. No additional budget appropriation action(s) is required.
Item Title: 10.3
Warrant Register
Item Page Number: 1
Menifee Mayor and City Council
December 4, 2024
Page
197 of 1648
City of Menifee Staff Report
Warrant Register
December 4, 2024