City Council Chambers
29844 Haun Road
Menifee, CA 92586
Ricky Estrada, Mayor
Bob Karwin, District 1
Ben Diederich, District 2
Dan Temple, District 3
Dean Deines, District 4
AMENDED
AGENDA
Menifee City Council
Regular Meeting Agenda
Wednesday, March 5, 2025
5:00 PM Closed Session
6:00 PM Regular Meeting
Armando G. Villa, City Manager
Jeffrey T. Melching, City Attorney
Stephanie Roseen, 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 Menifee v. City of Perris, Riverside County Superior Court Case No.
CVRI2203040
2. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, SIGNIFICANT EXPOSURE TO LITIGATION
Gov. Code Section 54956.9(d)(2) or (3): Two cases
3. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, INITIATION OF LITIGATION
Government Code section 54956.9(d)(4): Two cases
REGULAR MEETING (6:00 PM)
1. CALL TO ORDER
2. ROLL CALL
3. WORDS OF INSPIRATION
3.1. Josiah Stowell – Menifee Church of Jesus Christ of Latterday Saints
4. PLEDGE OF ALLEGIANCE
5. PRESENTATIONS
5.1. Citizen of the Month – Mary Carnes
5.2. Business Spotlight – Savage Spin
5.3. Winter Teen Awards
5.4. Fire Department Quarterly Update
5.5. Community Services Update
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 February 13, 2025 Special Meeting Minutes
9.2 February 19, 2025 Regular Meeting Minutes
9.3 February 26, 2025 Special Meeting 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 Warrant Register
RECOMMENDED ACTION
1. Ratify and approve the Voucher Lists dated 1/31/2025 and 2/7/2025 and the Payroll Register/Other EFTs dated 1/31/2025, 2/1/2025, 2/3/2025, and 2/4/2025 and the Void Check Listing PE 1/31/2025 which have a total budgetary impact of $7,994,972.53
10.3 Treasurer's Report December 2024
RECOMMENDED ACTION
1. Receive and file the Quarterly Treasurer’s Report as of December 31, 2024.
10.4 Proclamations
RECOMMENDED ACTION
1. Proclaim the month of March 2025 as American Red Cross Month.
10.5 Second Reading and Adoption of an Ordinance Regarding the Development Agreement Amendment for Cimarron Ridge Specific Plan
RECOMMENDED ACTION
1. Adopt an ordinance approving Amendment No. 3 to the Development Agreement for the Cimarron Ridge Specific Plan, located south of McLaughlin Road, east of Goetz Road, and west of Valley Boulevard.
10.6 Second Reading and Adoption of the Bicycles, EBikes, EScooters, and E Skateboards Ordinance
RECOMMENDED ACTION
1. Adopt an Ordinance regulating Bicycles, EBikes, EScooters, and E Skateboards.
10.7 Acceptance of Federal and State Program Funds for the Bradley Road Bridge over Salt Creek Project
RECOMMENDED ACTION
1. Adopt a resolution establishing the City’s eligibility to receive the identified program funding administered by Caltrans and authorizing the City Manager to execute all future documents necessary to receive the identified program funding; and
2. Accept the Community Project Funded Congressional Directed Spending (CPFCDS) Program funds for the Bradley Road Bridge over Salt Creek Project, Capital Improvement Program (CIP) Project No. 1304 (“Project”), for a total nottoexceed amount of $5,000,000; and
3. Accept the Local Transportation Climate Adaptation Program (LTCAP) funds for the Project, for a total nottoexceed amount of $4,200,000; and
4. Approve and authorize the City Manager to execute a Program Supplemental Agreement with the California Department of Transportation (“Caltrans”) for the Project for the total nottoexceed amount of $9,200,000; and
5. Adopt a budget amendment resolution amending the Fiscal Year 2024/2025 CIP by appropriating federal funds in the amount of $5,000,000 in revenues and expenditures in the Grant Fund for the Project; and
6. Adopt a budget amendment resolution amending the Fiscal Year 2024/2025 CIP by appropriating state funds in the amount of $4,200,000 in revenues and expenditures in the Grant Fund for the Project.
10.8 Memorandum of Understanding with the Lake Menifee Women's Club RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Memorandum of Understanding (“MOU”) with the Lake Menifee Women’s Club for partnering in community events and programs through January 1, 2028.
10.9 Purchase Order with Saitech, Inc. for Information Technology Server Room Battery Backups
RECOMMENDED ACTION
1. Approve and authorize the Finance Department to issue a purchase order for a backup universal power supply for the City’s servers from Saitech, Inc. in the nottoexceed amount of $131,408.60, including taxes and delivery; and
2. Approve and authorize the purchase be made under cooperative purchasing agreement NCPA 01170 as permitted under Menifee Municipal Code Section
3.12.070 (6); and
3. Approve the budget amendment resolution appropriating $131,408.60 from Information Technology’s fund balance into an account assigned by the Finance Department.
10.10 Transportation Uniform Mitigation Fee Reimbursement Agreement with Western Riverside Council of Governments for the Ethanac Road/Antelope Road/Highway 74 Intersection Realignment Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager, or their designee, to execute the Transportation Uniform Mitigation Fee (TUMF) Program Reimbursement Agreement with Western Regional Council of Governments (WRCOG) for the Ethanac Road/Antelope Road/Highway 74 Intersection Realignment Project, Capital Improvement Program (CIP) Project No. 2513, for a total nottoexceed amount of $500,000; and
2. Adopt a budget amendment resolution approving an increase in the Fiscal Year 2024/2025 CIP budget by appropriating $500,000 in revenues and expenditures to accounts assigned by the Finance Department in the TUMF Fund.
10.11 Bid Award and Agreement with Bogh Engineering for Construction Services for the Paloma Wash Pedestrian Bridge Project
RECOMMENDED ACTION
1. Award bid and authorize the City Manager to execute a Contract Services Agreement with Bogh Engineering for construction services for the Paloma Wash Pedestrian Bridge Project, Capital Improvement Project No. (CIP) 2013, in a total nottoexceed amount of $2,710,323.74.
10.12 Bid Award and Agreement with RSG, Inc. for Economic Development Strategy Consulting Services
RECOMMENDED ACTION
1. Award bid and authorize the City Manager to execute a Professional Services Agreement with RSG, Inc. for consulting services for the City’s Economic Development Strategy Update, in total nottoexceed amount of $75,500 through June 30, 2026.
10.13 Agreement with EPD Solutions, Inc. for Environmental Review Services for Quail Valley Nature Park
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Professional Services Agreement with EPD Solutions, Inc. for Environmental Consulting Services in an amount nottoexceed $125,035 for Capital Improvement Program (CIP) Project No. 2416, Quail Valley Park Development.
10.14 Agreement with Apace Systems Corporation for a Digital Media Management Equipment and Storage Solution
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a oneyear agreement with Apace Systems Corporation (“Apace Systems”) for a digital media management, equipment and storage solution, in an amount nottoexceed $41,848.75 through December 31, 2025; and
2. Authorize the City Manager to execute up to four oneyear extensions in an amount nottoexceed $47,153.97.
10.15 Agreement with TSK for the Fire Station No. 68 Interior Improvements – Phase II Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Professional Services Agreement with TSK for Architectural and Engineering Services for the Fire Station No. 68 Interior Improvements – Phase II Project, Capital Improvement Program Project (CIP) No.2506, for a total amount nottoexceed $79,500.
10.16 Agreement Amendment with Dokken Engineering for the Valley Boulevard Widening and Missing Links Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute Amendment No. 5 to the Professional Services Agreement with Dokken Engineering increasing the compensation by $29,390, for a total agreement amount nottoexceed $1,451,364.81, for the Valley Boulevard Widening and Missing Links Project, Capital Improvement Program (CIP) Project No. 2202.
10.17 Improvement Agreements, Bonds, and License Agreement for Tract Map 37671, Banner Park South, by Pulte Homes Company, LLC
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute subdivision improvement agreements to guarantee the completion of required park landscape and streetscape improvements associated with Tract Map 37671, Banner Park South, located south of Domenigoni Parkway and west of Briggs Road; and
2. Approve and authorize the Mayor to execute a license agreement authorizing the Banner Park Community Association to perform maintenance on designated irrigation facilities within public rightofway and public properties.
10.18 Acceptance of Landscape Improvements and 90% Release of Security for Tract Map 36852, Del Oro South, by Forestar (USA) Real Estate Group, Inc.
RECOMMENDED ACTION
1. Accept the public landscape improvements for Tract Map 36852, Del Oro South, located south of Holland Road and east of Hanover Lane; and
2. Authorize the City Engineer to release the posted securities per the City’s standard policies.
10.19 Side Letter of Agreement with the Miscellaneous Police Employees Association RECOMMENDED ACTION
1. Approve and authorize the City Manager, or his designee, to execute and implement the terms of the Side Letter Agreement with the Menifee Miscellaneous Police Employees Association (MMPEA) regarding Community Services Officer shift selection and rotation procedures.
11. PUBLIC HEARING ITEMS
11.1 TaxExempt Revenue Bonds by the Public Finance Authority for Mountain View Community Church of Murrieta/Temecula dba The View Church RECOMMENDED ACTION
1. Conduct a Tax Equity and Financial Responsibility Act (TEFRA) hearing in consideration of the issuance of taxexempt bond financing by the Public Finance Authority (PFA) on behalf of Mountain View Community Church of Murrieta/Temecula dba The View Church to finance the acquisition and improvement, refinancing, and reserves of The View Church located at 26701 McCall Blvd. and certain other matters relating thereto; and
2. Adopt a resolution approving the issuance of revenue bonds by the PFA in an amount nottoexceed $8,000,000 for the purpose of financing the Project.
12. DISCUSSION ITEMS
12.1 Feasibility of Paving Dirt Roads in the City
RECOMMENDED ACTION
1. Receive a presentation from staff on the feasibility of paving dirt roads throughout the City; and
2. Discuss and provide direction to staff for future actions, if any.
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: April 16, 2025
> Discussion on the EDC – NG Land Uses and General Plan (Estrada, November 20, 2024) Target Date: April 2, 2025
> Esthetic Enhancements to the Vacant Lot for Future MOC Frontage (Karwin, November 20, 2024) Target Date: May 2025
> Joint Workshop for Planning and Council on Land Use/Role of a Planning Commissioner (Zimmerman, November 20, 2024)
Target Date: February 26, 2025
> Overview of Assembly Bill 98 (Deines, December 4, 2024) Target Date: April 2, 2025
> Discussion Funding Options for Cal State San Marcos Extension Building Tenant Improvements (Sobek, December 4, 2024)
Target Date: April 2, 2025
> Economic Development Ad Hoc Committee (Deines, February 5, 2025) Target Date: TBD
> Naming of Bridge Over Salt Creek – Bradly Rd. Veterans Memorial Bridge (Temple, February 5, 2025) Target Date: TBD
> Menifee Legislative Bodies Term Limits (Estrada, February 5, 2025) 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
March
5,
2025
Page
1 of 831
City Council Chambers
29844 Haun Road
Menifee, CA 92586
Ricky Estrada, Mayor
Bob Karwin, District 1
Ben Diederich, District 2
Dan Temple, District 3
Dean Deines, District 4
AMENDED
AGENDA
Menifee City Council
Regular Meeting Agenda
Wednesday, March 5, 2025
5:00 PM Closed Session
6:00 PM Regular Meeting
Armando G. Villa, City Manager
Jeffrey T. Melching, City Attorney
Stephanie Roseen, 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 Menifee v. City of Perris, Riverside County Superior Court Case No.
CVRI2203040
2. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, SIGNIFICANT EXPOSURE TO LITIGATION
Gov. Code Section 54956.9(d)(2) or (3): Two cases
3. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, INITIATION OF LITIGATION
Government Code section 54956.9(d)(4): Two cases
REGULAR MEETING (6:00 PM)
1. CALL TO ORDER
2. ROLL CALL
3. WORDS OF INSPIRATION
3.1. Josiah Stowell – Menifee Church of Jesus Christ of Latterday Saints
4. PLEDGE OF ALLEGIANCE
5. PRESENTATIONS
5.1. Citizen of the Month – Mary Carnes
5.2. Business Spotlight – Savage Spin
5.3. Winter Teen Awards
5.4. Fire Department Quarterly Update
5.5. Community Services Update
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 February 13, 2025 Special Meeting Minutes
9.2 February 19, 2025 Regular Meeting Minutes
9.3 February 26, 2025 Special Meeting 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 Warrant Register
RECOMMENDED ACTION
1. Ratify and approve the Voucher Lists dated 1/31/2025 and 2/7/2025 and the Payroll Register/Other EFTs dated 1/31/2025, 2/1/2025, 2/3/2025, and 2/4/2025 and the Void Check Listing PE 1/31/2025 which have a total budgetary impact of $7,994,972.53
10.3 Treasurer's Report December 2024
RECOMMENDED ACTION
1. Receive and file the Quarterly Treasurer’s Report as of December 31, 2024.
10.4 Proclamations
RECOMMENDED ACTION
1. Proclaim the month of March 2025 as American Red Cross Month.
10.5 Second Reading and Adoption of an Ordinance Regarding the Development Agreement Amendment for Cimarron Ridge Specific Plan
RECOMMENDED ACTION
1. Adopt an ordinance approving Amendment No. 3 to the Development Agreement for the Cimarron Ridge Specific Plan, located south of McLaughlin Road, east of Goetz Road, and west of Valley Boulevard.
10.6 Second Reading and Adoption of the Bicycles, EBikes, EScooters, and E Skateboards Ordinance
RECOMMENDED ACTION
1. Adopt an Ordinance regulating Bicycles, EBikes, EScooters, and E Skateboards.
10.7 Acceptance of Federal and State Program Funds for the Bradley Road Bridge over Salt Creek Project
RECOMMENDED ACTION
1. Adopt a resolution establishing the City’s eligibility to receive the identified program funding administered by Caltrans and authorizing the City Manager to execute all future documents necessary to receive the identified program funding; and
2. Accept the Community Project Funded Congressional Directed Spending (CPFCDS) Program funds for the Bradley Road Bridge over Salt Creek Project, Capital Improvement Program (CIP) Project No. 1304 (“Project”), for a total nottoexceed amount of $5,000,000; and
3. Accept the Local Transportation Climate Adaptation Program (LTCAP) funds for the Project, for a total nottoexceed amount of $4,200,000; and
4. Approve and authorize the City Manager to execute a Program Supplemental Agreement with the California Department of Transportation (“Caltrans”) for the Project for the total nottoexceed amount of $9,200,000; and
5. Adopt a budget amendment resolution amending the Fiscal Year 2024/2025 CIP by appropriating federal funds in the amount of $5,000,000 in revenues and expenditures in the Grant Fund for the Project; and
6. Adopt a budget amendment resolution amending the Fiscal Year 2024/2025 CIP by appropriating state funds in the amount of $4,200,000 in revenues and expenditures in the Grant Fund for the Project.
10.8 Memorandum of Understanding with the Lake Menifee Women's Club RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Memorandum of Understanding (“MOU”) with the Lake Menifee Women’s Club for partnering in community events and programs through January 1, 2028.
10.9 Purchase Order with Saitech, Inc. for Information Technology Server Room Battery Backups
RECOMMENDED ACTION
1. Approve and authorize the Finance Department to issue a purchase order for a backup universal power supply for the City’s servers from Saitech, Inc. in the nottoexceed amount of $131,408.60, including taxes and delivery; and
2. Approve and authorize the purchase be made under cooperative purchasing agreement NCPA 01170 as permitted under Menifee Municipal Code Section
3.12.070 (6); and
3. Approve the budget amendment resolution appropriating $131,408.60 from Information Technology’s fund balance into an account assigned by the Finance Department.
10.10 Transportation Uniform Mitigation Fee Reimbursement Agreement with Western Riverside Council of Governments for the Ethanac Road/Antelope Road/Highway 74 Intersection Realignment Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager, or their designee, to execute the Transportation Uniform Mitigation Fee (TUMF) Program Reimbursement Agreement with Western Regional Council of Governments (WRCOG) for the Ethanac Road/Antelope Road/Highway 74 Intersection Realignment Project, Capital Improvement Program (CIP) Project No. 2513, for a total nottoexceed amount of $500,000; and
2. Adopt a budget amendment resolution approving an increase in the Fiscal Year 2024/2025 CIP budget by appropriating $500,000 in revenues and expenditures to accounts assigned by the Finance Department in the TUMF Fund.
10.11 Bid Award and Agreement with Bogh Engineering for Construction Services for the Paloma Wash Pedestrian Bridge Project
RECOMMENDED ACTION
1. Award bid and authorize the City Manager to execute a Contract Services Agreement with Bogh Engineering for construction services for the Paloma Wash Pedestrian Bridge Project, Capital Improvement Project No. (CIP) 2013, in a total nottoexceed amount of $2,710,323.74.
10.12 Bid Award and Agreement with RSG, Inc. for Economic Development Strategy Consulting Services
RECOMMENDED ACTION
1. Award bid and authorize the City Manager to execute a Professional Services Agreement with RSG, Inc. for consulting services for the City’s Economic Development Strategy Update, in total nottoexceed amount of $75,500 through June 30, 2026.
10.13 Agreement with EPD Solutions, Inc. for Environmental Review Services for Quail Valley Nature Park
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Professional Services Agreement with EPD Solutions, Inc. for Environmental Consulting Services in an amount nottoexceed $125,035 for Capital Improvement Program (CIP) Project No. 2416, Quail Valley Park Development.
10.14 Agreement with Apace Systems Corporation for a Digital Media Management Equipment and Storage Solution
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a oneyear agreement with Apace Systems Corporation (“Apace Systems”) for a digital media management, equipment and storage solution, in an amount nottoexceed $41,848.75 through December 31, 2025; and
2. Authorize the City Manager to execute up to four oneyear extensions in an amount nottoexceed $47,153.97.
10.15 Agreement with TSK for the Fire Station No. 68 Interior Improvements – Phase II Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Professional Services Agreement with TSK for Architectural and Engineering Services for the Fire Station No. 68 Interior Improvements – Phase II Project, Capital Improvement Program Project (CIP) No.2506, for a total amount nottoexceed $79,500.
10.16 Agreement Amendment with Dokken Engineering for the Valley Boulevard Widening and Missing Links Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute Amendment No. 5 to the Professional Services Agreement with Dokken Engineering increasing the compensation by $29,390, for a total agreement amount nottoexceed $1,451,364.81, for the Valley Boulevard Widening and Missing Links Project, Capital Improvement Program (CIP) Project No. 2202.
10.17 Improvement Agreements, Bonds, and License Agreement for Tract Map 37671, Banner Park South, by Pulte Homes Company, LLC
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute subdivision improvement agreements to guarantee the completion of required park landscape and streetscape improvements associated with Tract Map 37671, Banner Park South, located south of Domenigoni Parkway and west of Briggs Road; and
2. Approve and authorize the Mayor to execute a license agreement authorizing the Banner Park Community Association to perform maintenance on designated irrigation facilities within public rightofway and public properties.
10.18 Acceptance of Landscape Improvements and 90% Release of Security for Tract Map 36852, Del Oro South, by Forestar (USA) Real Estate Group, Inc.
RECOMMENDED ACTION
1. Accept the public landscape improvements for Tract Map 36852, Del Oro South, located south of Holland Road and east of Hanover Lane; and
2. Authorize the City Engineer to release the posted securities per the City’s standard policies.
10.19 Side Letter of Agreement with the Miscellaneous Police Employees Association RECOMMENDED ACTION
1. Approve and authorize the City Manager, or his designee, to execute and implement the terms of the Side Letter Agreement with the Menifee Miscellaneous Police Employees Association (MMPEA) regarding Community Services Officer shift selection and rotation procedures.
11. PUBLIC HEARING ITEMS
11.1 TaxExempt Revenue Bonds by the Public Finance Authority for Mountain View Community Church of Murrieta/Temecula dba The View Church RECOMMENDED ACTION
1. Conduct a Tax Equity and Financial Responsibility Act (TEFRA) hearing in consideration of the issuance of taxexempt bond financing by the Public Finance Authority (PFA) on behalf of Mountain View Community Church of Murrieta/Temecula dba The View Church to finance the acquisition and improvement, refinancing, and reserves of The View Church located at 26701 McCall Blvd. and certain other matters relating thereto; and
2. Adopt a resolution approving the issuance of revenue bonds by the PFA in an amount nottoexceed $8,000,000 for the purpose of financing the Project.
12. DISCUSSION ITEMS
12.1 Feasibility of Paving Dirt Roads in the City
RECOMMENDED ACTION
1. Receive a presentation from staff on the feasibility of paving dirt roads throughout the City; and
2. Discuss and provide direction to staff for future actions, if any.
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: April 16, 2025
> Discussion on the EDC – NG Land Uses and General Plan (Estrada, November 20, 2024) Target Date: April 2, 2025
> Esthetic Enhancements to the Vacant Lot for Future MOC Frontage (Karwin, November 20, 2024) Target Date: May 2025
> Joint Workshop for Planning and Council on Land Use/Role of a Planning Commissioner (Zimmerman, November 20, 2024)
Target Date: February 26, 2025
> Overview of Assembly Bill 98 (Deines, December 4, 2024) Target Date: April 2, 2025
> Discussion Funding Options for Cal State San Marcos Extension Building Tenant Improvements (Sobek, December 4, 2024)
Target Date: April 2, 2025
> Economic Development Ad Hoc Committee (Deines, February 5, 2025) Target Date: TBD
> Naming of Bridge Over Salt Creek – Bradly Rd. Veterans Memorial Bridge (Temple, February 5, 2025) Target Date: TBD
> Menifee Legislative Bodies Term Limits (Estrada, February 5, 2025) 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
March
5,
2025
Page
2 of 831
City Council Chambers
29844 Haun Road
Menifee, CA 92586
Ricky Estrada, Mayor
Bob Karwin, District 1
Ben Diederich, District 2
Dan Temple, District 3
Dean Deines, District 4
AMENDED
AGENDA
Menifee City Council
Regular Meeting Agenda
Wednesday, March 5, 2025
5:00 PM Closed Session
6:00 PM Regular Meeting
Armando G. Villa, City Manager
Jeffrey T. Melching, City Attorney
Stephanie Roseen, 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 Menifee v. City of Perris, Riverside County Superior Court Case No.
CVRI2203040
2. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, SIGNIFICANT EXPOSURE TO LITIGATION
Gov. Code Section 54956.9(d)(2) or (3): Two cases
3. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, INITIATION OF LITIGATION
Government Code section 54956.9(d)(4): Two cases
REGULAR MEETING (6:00 PM)
1. CALL TO ORDER
2. ROLL CALL
3. WORDS OF INSPIRATION
3.1. Josiah Stowell – Menifee Church of Jesus Christ of Latterday Saints
4. PLEDGE OF ALLEGIANCE
5. PRESENTATIONS
5.1. Citizen of the Month – Mary Carnes
5.2. Business Spotlight – Savage Spin
5.3. Winter Teen Awards
5.4. Fire Department Quarterly Update
5.5. Community Services Update
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 February 13, 2025 Special Meeting Minutes
9.2 February 19, 2025 Regular Meeting Minutes
9.3 February 26, 2025 Special Meeting 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 Warrant Register
RECOMMENDED ACTION
1. Ratify and approve the Voucher Lists dated 1/31/2025 and 2/7/2025 and the Payroll Register/Other EFTs dated 1/31/2025, 2/1/2025, 2/3/2025, and 2/4/2025 and the Void Check Listing PE 1/31/2025 which have a total budgetary impact of $7,994,972.53
10.3 Treasurer's Report December 2024
RECOMMENDED ACTION
1. Receive and file the Quarterly Treasurer’s Report as of December 31, 2024.
10.4 Proclamations
RECOMMENDED ACTION
1. Proclaim the month of March 2025 as American Red Cross Month.
10.5 Second Reading and Adoption of an Ordinance Regarding the Development Agreement Amendment for Cimarron Ridge Specific Plan
RECOMMENDED ACTION
1. Adopt an ordinance approving Amendment No. 3 to the Development Agreement for the Cimarron Ridge Specific Plan, located south of McLaughlin Road, east of Goetz Road, and west of Valley Boulevard.
10.6 Second Reading and Adoption of the Bicycles, EBikes, EScooters, and E Skateboards Ordinance
RECOMMENDED ACTION
1. Adopt an Ordinance regulating Bicycles, EBikes, EScooters, and E Skateboards.
10.7 Acceptance of Federal and State Program Funds for the Bradley Road Bridge over Salt Creek Project
RECOMMENDED ACTION
1. Adopt a resolution establishing the City’s eligibility to receive the identified program funding administered by Caltrans and authorizing the City Manager to execute all future documents necessary to receive the identified program funding; and
2. Accept the Community Project Funded Congressional Directed Spending (CPFCDS) Program funds for the Bradley Road Bridge over Salt Creek Project, Capital Improvement Program (CIP) Project No. 1304 (“Project”), for a total nottoexceed amount of $5,000,000; and
3. Accept the Local Transportation Climate Adaptation Program (LTCAP) funds for the Project, for a total nottoexceed amount of $4,200,000; and
4. Approve and authorize the City Manager to execute a Program Supplemental Agreement with the California Department of Transportation (“Caltrans”) for the Project for the total nottoexceed amount of $9,200,000; and
5. Adopt a budget amendment resolution amending the Fiscal Year 2024/2025 CIP by appropriating federal funds in the amount of $5,000,000 in revenues and expenditures in the Grant Fund for the Project; and
6. Adopt a budget amendment resolution amending the Fiscal Year 2024/2025 CIP by appropriating state funds in the amount of $4,200,000 in revenues and expenditures in the Grant Fund for the Project.
10.8 Memorandum of Understanding with the Lake Menifee Women's Club RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Memorandum of Understanding (“MOU”) with the Lake Menifee Women’s Club for partnering in community events and programs through January 1, 2028.
10.9 Purchase Order with Saitech, Inc. for Information Technology Server Room Battery Backups
RECOMMENDED ACTION
1. Approve and authorize the Finance Department to issue a purchase order for a backup universal power supply for the City’s servers from Saitech, Inc. in the nottoexceed amount of $131,408.60, including taxes and delivery; and
2. Approve and authorize the purchase be made under cooperative purchasing agreement NCPA 01170 as permitted under Menifee Municipal Code Section
3.12.070 (6); and
3. Approve the budget amendment resolution appropriating $131,408.60 from Information Technology’s fund balance into an account assigned by the Finance Department.
10.10 Transportation Uniform Mitigation Fee Reimbursement Agreement with Western Riverside Council of Governments for the Ethanac Road/Antelope Road/Highway 74 Intersection Realignment Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager, or their designee, to execute the Transportation Uniform Mitigation Fee (TUMF) Program Reimbursement Agreement with Western Regional Council of Governments (WRCOG) for the Ethanac Road/Antelope Road/Highway 74 Intersection Realignment Project, Capital Improvement Program (CIP) Project No. 2513, for a total nottoexceed amount of $500,000; and
2. Adopt a budget amendment resolution approving an increase in the Fiscal Year 2024/2025 CIP budget by appropriating $500,000 in revenues and expenditures to accounts assigned by the Finance Department in the TUMF Fund.
10.11 Bid Award and Agreement with Bogh Engineering for Construction Services for the Paloma Wash Pedestrian Bridge Project
RECOMMENDED ACTION
1. Award bid and authorize the City Manager to execute a Contract Services Agreement with Bogh Engineering for construction services for the Paloma Wash Pedestrian Bridge Project, Capital Improvement Project No. (CIP) 2013, in a total nottoexceed amount of $2,710,323.74.
10.12 Bid Award and Agreement with RSG, Inc. for Economic Development Strategy Consulting Services
RECOMMENDED ACTION
1. Award bid and authorize the City Manager to execute a Professional Services Agreement with RSG, Inc. for consulting services for the City’s Economic Development Strategy Update, in total nottoexceed amount of $75,500 through June 30, 2026.
10.13 Agreement with EPD Solutions, Inc. for Environmental Review Services for Quail Valley Nature Park
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Professional Services Agreement with EPD Solutions, Inc. for Environmental Consulting Services in an amount nottoexceed $125,035 for Capital Improvement Program (CIP) Project No. 2416, Quail Valley Park Development.
10.14 Agreement with Apace Systems Corporation for a Digital Media Management Equipment and Storage Solution
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a oneyear agreement with Apace Systems Corporation (“Apace Systems”) for a digital media management, equipment and storage solution, in an amount nottoexceed $41,848.75 through December 31, 2025; and
2. Authorize the City Manager to execute up to four oneyear extensions in an amount nottoexceed $47,153.97.
10.15 Agreement with TSK for the Fire Station No. 68 Interior Improvements – Phase II Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Professional Services Agreement with TSK for Architectural and Engineering Services for the Fire Station No. 68 Interior Improvements – Phase II Project, Capital Improvement Program Project (CIP) No.2506, for a total amount nottoexceed $79,500.
10.16 Agreement Amendment with Dokken Engineering for the Valley Boulevard Widening and Missing Links Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute Amendment No. 5 to the Professional Services Agreement with Dokken Engineering increasing the compensation by $29,390, for a total agreement amount nottoexceed $1,451,364.81, for the Valley Boulevard Widening and Missing Links Project, Capital Improvement Program (CIP) Project No. 2202.
10.17 Improvement Agreements, Bonds, and License Agreement for Tract Map 37671, Banner Park South, by Pulte Homes Company, LLC
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute subdivision improvement agreements to guarantee the completion of required park landscape and streetscape improvements associated with Tract Map 37671, Banner Park South, located south of Domenigoni Parkway and west of Briggs Road; and
2. Approve and authorize the Mayor to execute a license agreement authorizing the Banner Park Community Association to perform maintenance on designated irrigation facilities within public rightofway and public properties.
10.18 Acceptance of Landscape Improvements and 90% Release of Security for Tract Map 36852, Del Oro South, by Forestar (USA) Real Estate Group, Inc.
RECOMMENDED ACTION
1. Accept the public landscape improvements for Tract Map 36852, Del Oro South, located south of Holland Road and east of Hanover Lane; and
2. Authorize the City Engineer to release the posted securities per the City’s standard policies.
10.19 Side Letter of Agreement with the Miscellaneous Police Employees Association RECOMMENDED ACTION
1. Approve and authorize the City Manager, or his designee, to execute and implement the terms of the Side Letter Agreement with the Menifee Miscellaneous Police Employees Association (MMPEA) regarding Community Services Officer shift selection and rotation procedures.
11. PUBLIC HEARING ITEMS
11.1 TaxExempt Revenue Bonds by the Public Finance Authority for Mountain View Community Church of Murrieta/Temecula dba The View Church RECOMMENDED ACTION
1. Conduct a Tax Equity and Financial Responsibility Act (TEFRA) hearing in consideration of the issuance of taxexempt bond financing by the Public Finance Authority (PFA) on behalf of Mountain View Community Church of Murrieta/Temecula dba The View Church to finance the acquisition and improvement, refinancing, and reserves of The View Church located at 26701 McCall Blvd. and certain other matters relating thereto; and
2. Adopt a resolution approving the issuance of revenue bonds by the PFA in an amount nottoexceed $8,000,000 for the purpose of financing the Project.
12. DISCUSSION ITEMS
12.1 Feasibility of Paving Dirt Roads in the City
RECOMMENDED ACTION
1. Receive a presentation from staff on the feasibility of paving dirt roads throughout the City; and
2. Discuss and provide direction to staff for future actions, if any.
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: April 16, 2025
> Discussion on the EDC – NG Land Uses and General Plan (Estrada, November 20, 2024) Target Date: April 2, 2025
> Esthetic Enhancements to the Vacant Lot for Future MOC Frontage (Karwin, November 20, 2024) Target Date: May 2025
> Joint Workshop for Planning and Council on Land Use/Role of a Planning Commissioner (Zimmerman, November 20, 2024)
Target Date: February 26, 2025
> Overview of Assembly Bill 98 (Deines, December 4, 2024) Target Date: April 2, 2025
> Discussion Funding Options for Cal State San Marcos Extension Building Tenant Improvements (Sobek, December 4, 2024)
Target Date: April 2, 2025
> Economic Development Ad Hoc Committee (Deines, February 5, 2025) Target Date: TBD
> Naming of Bridge Over Salt Creek – Bradly Rd. Veterans Memorial Bridge (Temple, February 5, 2025) Target Date: TBD
> Menifee Legislative Bodies Term Limits (Estrada, February 5, 2025) 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
March
5,
2025
Page
3 of 831
City Council Chambers
29844 Haun Road
Menifee, CA 92586
Ricky Estrada, Mayor
Bob Karwin, District 1
Ben Diederich, District 2
Dan Temple, District 3
Dean Deines, District 4
AMENDED
AGENDA
Menifee City Council
Regular Meeting Agenda
Wednesday, March 5, 2025
5:00 PM Closed Session
6:00 PM Regular Meeting
Armando G. Villa, City Manager
Jeffrey T. Melching, City Attorney
Stephanie Roseen, 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 Menifee v. City of Perris, Riverside County Superior Court Case No.
CVRI2203040
2. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, SIGNIFICANT EXPOSURE TO LITIGATION
Gov. Code Section 54956.9(d)(2) or (3): Two cases
3. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, INITIATION OF LITIGATION
Government Code section 54956.9(d)(4): Two cases
REGULAR MEETING (6:00 PM)
1. CALL TO ORDER
2. ROLL CALL
3. WORDS OF INSPIRATION
3.1. Josiah Stowell – Menifee Church of Jesus Christ of Latterday Saints
4. PLEDGE OF ALLEGIANCE
5. PRESENTATIONS
5.1. Citizen of the Month – Mary Carnes
5.2. Business Spotlight – Savage Spin
5.3. Winter Teen Awards
5.4. Fire Department Quarterly Update
5.5. Community Services Update
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 February 13, 2025 Special Meeting Minutes
9.2 February 19, 2025 Regular Meeting Minutes
9.3 February 26, 2025 Special Meeting 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 Warrant Register
RECOMMENDED ACTION
1. Ratify and approve the Voucher Lists dated 1/31/2025 and 2/7/2025 and the Payroll Register/Other EFTs dated 1/31/2025, 2/1/2025, 2/3/2025, and 2/4/2025 and the Void Check Listing PE 1/31/2025 which have a total budgetary impact of $7,994,972.53
10.3 Treasurer's Report December 2024
RECOMMENDED ACTION
1. Receive and file the Quarterly Treasurer’s Report as of December 31, 2024.
10.4 Proclamations
RECOMMENDED ACTION
1. Proclaim the month of March 2025 as American Red Cross Month.
10.5 Second Reading and Adoption of an Ordinance Regarding the Development Agreement Amendment for Cimarron Ridge Specific Plan
RECOMMENDED ACTION
1. Adopt an ordinance approving Amendment No. 3 to the Development Agreement for the Cimarron Ridge Specific Plan, located south of McLaughlin Road, east of Goetz Road, and west of Valley Boulevard.
10.6 Second Reading and Adoption of the Bicycles, EBikes, EScooters, and E Skateboards Ordinance
RECOMMENDED ACTION
1. Adopt an Ordinance regulating Bicycles, EBikes, EScooters, and E Skateboards.
10.7 Acceptance of Federal and State Program Funds for the Bradley Road Bridge over Salt Creek Project
RECOMMENDED ACTION
1. Adopt a resolution establishing the City’s eligibility to receive the identified program funding administered by Caltrans and authorizing the City Manager to execute all future documents necessary to receive the identified program funding; and
2. Accept the Community Project Funded Congressional Directed Spending (CPFCDS) Program funds for the Bradley Road Bridge over Salt Creek Project, Capital Improvement Program (CIP) Project No. 1304 (“Project”), for a total nottoexceed amount of $5,000,000; and
3. Accept the Local Transportation Climate Adaptation Program (LTCAP) funds for the Project, for a total nottoexceed amount of $4,200,000; and
4. Approve and authorize the City Manager to execute a Program Supplemental Agreement with the California Department of Transportation (“Caltrans”) for the Project for the total nottoexceed amount of $9,200,000; and
5. Adopt a budget amendment resolution amending the Fiscal Year 2024/2025 CIP by appropriating federal funds in the amount of $5,000,000 in revenues and expenditures in the Grant Fund for the Project; and
6. Adopt a budget amendment resolution amending the Fiscal Year 2024/2025 CIP by appropriating state funds in the amount of $4,200,000 in revenues and expenditures in the Grant Fund for the Project.
10.8 Memorandum of Understanding with the Lake Menifee Women's Club RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Memorandum of Understanding (“MOU”) with the Lake Menifee Women’s Club for partnering in community events and programs through January 1, 2028.
10.9 Purchase Order with Saitech, Inc. for Information Technology Server Room Battery Backups
RECOMMENDED ACTION
1. Approve and authorize the Finance Department to issue a purchase order for a backup universal power supply for the City’s servers from Saitech, Inc. in the nottoexceed amount of $131,408.60, including taxes and delivery; and
2. Approve and authorize the purchase be made under cooperative purchasing agreement NCPA 01170 as permitted under Menifee Municipal Code Section
3.12.070 (6); and
3. Approve the budget amendment resolution appropriating $131,408.60 from Information Technology’s fund balance into an account assigned by the Finance Department.
10.10 Transportation Uniform Mitigation Fee Reimbursement Agreement with Western Riverside Council of Governments for the Ethanac Road/Antelope Road/Highway 74 Intersection Realignment Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager, or their designee, to execute the Transportation Uniform Mitigation Fee (TUMF) Program Reimbursement Agreement with Western Regional Council of Governments (WRCOG) for the Ethanac Road/Antelope Road/Highway 74 Intersection Realignment Project, Capital Improvement Program (CIP) Project No. 2513, for a total nottoexceed amount of $500,000; and
2. Adopt a budget amendment resolution approving an increase in the Fiscal Year 2024/2025 CIP budget by appropriating $500,000 in revenues and expenditures to accounts assigned by the Finance Department in the TUMF Fund.
10.11 Bid Award and Agreement with Bogh Engineering for Construction Services for the Paloma Wash Pedestrian Bridge Project
RECOMMENDED ACTION
1. Award bid and authorize the City Manager to execute a Contract Services Agreement with Bogh Engineering for construction services for the Paloma Wash Pedestrian Bridge Project, Capital Improvement Project No. (CIP) 2013, in a total nottoexceed amount of $2,710,323.74.
10.12 Bid Award and Agreement with RSG, Inc. for Economic Development Strategy Consulting Services
RECOMMENDED ACTION
1. Award bid and authorize the City Manager to execute a Professional Services Agreement with RSG, Inc. for consulting services for the City’s Economic Development Strategy Update, in total nottoexceed amount of $75,500 through June 30, 2026.
10.13 Agreement with EPD Solutions, Inc. for Environmental Review Services for Quail Valley Nature Park
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Professional Services Agreement with EPD Solutions, Inc. for Environmental Consulting Services in an amount nottoexceed $125,035 for Capital Improvement Program (CIP) Project No. 2416, Quail Valley Park Development.
10.14 Agreement with Apace Systems Corporation for a Digital Media Management Equipment and Storage Solution
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a oneyear agreement with Apace Systems Corporation (“Apace Systems”) for a digital media management, equipment and storage solution, in an amount nottoexceed $41,848.75 through December 31, 2025; and
2. Authorize the City Manager to execute up to four oneyear extensions in an amount nottoexceed $47,153.97.
10.15 Agreement with TSK for the Fire Station No. 68 Interior Improvements – Phase II Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Professional Services Agreement with TSK for Architectural and Engineering Services for the Fire Station No. 68 Interior Improvements – Phase II Project, Capital Improvement Program Project (CIP) No.2506, for a total amount nottoexceed $79,500.
10.16 Agreement Amendment with Dokken Engineering for the Valley Boulevard Widening and Missing Links Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute Amendment No. 5 to the Professional Services Agreement with Dokken Engineering increasing the compensation by $29,390, for a total agreement amount nottoexceed $1,451,364.81, for the Valley Boulevard Widening and Missing Links Project, Capital Improvement Program (CIP) Project No. 2202.
10.17 Improvement Agreements, Bonds, and License Agreement for Tract Map 37671, Banner Park South, by Pulte Homes Company, LLC
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute subdivision improvement agreements to guarantee the completion of required park landscape and streetscape improvements associated with Tract Map 37671, Banner Park South, located south of Domenigoni Parkway and west of Briggs Road; and
2. Approve and authorize the Mayor to execute a license agreement authorizing the Banner Park Community Association to perform maintenance on designated irrigation facilities within public rightofway and public properties.
10.18 Acceptance of Landscape Improvements and 90% Release of Security for Tract Map 36852, Del Oro South, by Forestar (USA) Real Estate Group, Inc.
RECOMMENDED ACTION
1. Accept the public landscape improvements for Tract Map 36852, Del Oro South, located south of Holland Road and east of Hanover Lane; and
2. Authorize the City Engineer to release the posted securities per the City’s standard policies.
10.19 Side Letter of Agreement with the Miscellaneous Police Employees Association RECOMMENDED ACTION
1. Approve and authorize the City Manager, or his designee, to execute and implement the terms of the Side Letter Agreement with the Menifee Miscellaneous Police Employees Association (MMPEA) regarding Community Services Officer shift selection and rotation procedures.
11. PUBLIC HEARING ITEMS
11.1 TaxExempt Revenue Bonds by the Public Finance Authority for Mountain View Community Church of Murrieta/Temecula dba The View Church RECOMMENDED ACTION
1. Conduct a Tax Equity and Financial Responsibility Act (TEFRA) hearing in consideration of the issuance of taxexempt bond financing by the Public Finance Authority (PFA) on behalf of Mountain View Community Church of Murrieta/Temecula dba The View Church to finance the acquisition and improvement, refinancing, and reserves of The View Church located at 26701 McCall Blvd. and certain other matters relating thereto; and
2. Adopt a resolution approving the issuance of revenue bonds by the PFA in an amount nottoexceed $8,000,000 for the purpose of financing the Project.
12. DISCUSSION ITEMS
12.1 Feasibility of Paving Dirt Roads in the City
RECOMMENDED ACTION
1. Receive a presentation from staff on the feasibility of paving dirt roads throughout the City; and
2. Discuss and provide direction to staff for future actions, if any.
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: April 16, 2025
> Discussion on the EDC – NG Land Uses and General Plan (Estrada, November 20, 2024) Target Date: April 2, 2025
> Esthetic Enhancements to the Vacant Lot for Future MOC Frontage (Karwin, November 20, 2024) Target Date: May 2025
> Joint Workshop for Planning and Council on Land Use/Role of a Planning Commissioner (Zimmerman, November 20, 2024)
Target Date: February 26, 2025
> Overview of Assembly Bill 98 (Deines, December 4, 2024) Target Date: April 2, 2025
> Discussion Funding Options for Cal State San Marcos Extension Building Tenant Improvements (Sobek, December 4, 2024)
Target Date: April 2, 2025
> Economic Development Ad Hoc Committee (Deines, February 5, 2025) Target Date: TBD
> Naming of Bridge Over Salt Creek – Bradly Rd. Veterans Memorial Bridge (Temple, February 5, 2025) Target Date: TBD
> Menifee Legislative Bodies Term Limits (Estrada, February 5, 2025) 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
March
5,
2025
Page
4 of 831
City Council Chambers
29844 Haun Road
Menifee, CA 92586
Ricky Estrada, Mayor
Bob Karwin, District 1
Ben Diederich, District 2
Dan Temple, District 3
Dean Deines, District 4
AMENDED
AGENDA
Menifee City Council
Regular Meeting Agenda
Wednesday, March 5, 2025
5:00 PM Closed Session
6:00 PM Regular Meeting
Armando G. Villa, City Manager
Jeffrey T. Melching, City Attorney
Stephanie Roseen, 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 Menifee v. City of Perris, Riverside County Superior Court Case No.
CVRI2203040
2. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, SIGNIFICANT EXPOSURE TO LITIGATION
Gov. Code Section 54956.9(d)(2) or (3): Two cases
3. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, INITIATION OF LITIGATION
Government Code section 54956.9(d)(4): Two cases
REGULAR MEETING (6:00 PM)
1. CALL TO ORDER
2. ROLL CALL
3. WORDS OF INSPIRATION
3.1. Josiah Stowell – Menifee Church of Jesus Christ of Latterday Saints
4. PLEDGE OF ALLEGIANCE
5. PRESENTATIONS
5.1. Citizen of the Month – Mary Carnes
5.2. Business Spotlight – Savage Spin
5.3. Winter Teen Awards
5.4. Fire Department Quarterly Update
5.5. Community Services Update
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 February 13, 2025 Special Meeting Minutes
9.2 February 19, 2025 Regular Meeting Minutes
9.3 February 26, 2025 Special Meeting 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 Warrant Register
RECOMMENDED ACTION
1. Ratify and approve the Voucher Lists dated 1/31/2025 and 2/7/2025 and the Payroll Register/Other EFTs dated 1/31/2025, 2/1/2025, 2/3/2025, and 2/4/2025 and the Void Check Listing PE 1/31/2025 which have a total budgetary impact of $7,994,972.53
10.3 Treasurer's Report December 2024
RECOMMENDED ACTION
1. Receive and file the Quarterly Treasurer’s Report as of December 31, 2024.
10.4 Proclamations
RECOMMENDED ACTION
1. Proclaim the month of March 2025 as American Red Cross Month.
10.5 Second Reading and Adoption of an Ordinance Regarding the Development Agreement Amendment for Cimarron Ridge Specific Plan
RECOMMENDED ACTION
1. Adopt an ordinance approving Amendment No. 3 to the Development Agreement for the Cimarron Ridge Specific Plan, located south of McLaughlin Road, east of Goetz Road, and west of Valley Boulevard.
10.6 Second Reading and Adoption of the Bicycles, EBikes, EScooters, and E Skateboards Ordinance
RECOMMENDED ACTION
1. Adopt an Ordinance regulating Bicycles, EBikes, EScooters, and E Skateboards.
10.7 Acceptance of Federal and State Program Funds for the Bradley Road Bridge over Salt Creek Project
RECOMMENDED ACTION
1. Adopt a resolution establishing the City’s eligibility to receive the identified program funding administered by Caltrans and authorizing the City Manager to execute all future documents necessary to receive the identified program funding; and
2. Accept the Community Project Funded Congressional Directed Spending (CPFCDS) Program funds for the Bradley Road Bridge over Salt Creek Project, Capital Improvement Program (CIP) Project No. 1304 (“Project”), for a total nottoexceed amount of $5,000,000; and
3. Accept the Local Transportation Climate Adaptation Program (LTCAP) funds for the Project, for a total nottoexceed amount of $4,200,000; and
4. Approve and authorize the City Manager to execute a Program Supplemental Agreement with the California Department of Transportation (“Caltrans”) for the Project for the total nottoexceed amount of $9,200,000; and
5. Adopt a budget amendment resolution amending the Fiscal Year 2024/2025 CIP by appropriating federal funds in the amount of $5,000,000 in revenues and expenditures in the Grant Fund for the Project; and
6. Adopt a budget amendment resolution amending the Fiscal Year 2024/2025 CIP by appropriating state funds in the amount of $4,200,000 in revenues and expenditures in the Grant Fund for the Project.
10.8 Memorandum of Understanding with the Lake Menifee Women's Club RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Memorandum of Understanding (“MOU”) with the Lake Menifee Women’s Club for partnering in community events and programs through January 1, 2028.
10.9 Purchase Order with Saitech, Inc. for Information Technology Server Room Battery Backups
RECOMMENDED ACTION
1. Approve and authorize the Finance Department to issue a purchase order for a backup universal power supply for the City’s servers from Saitech, Inc. in the nottoexceed amount of $131,408.60, including taxes and delivery; and
2. Approve and authorize the purchase be made under cooperative purchasing agreement NCPA 01170 as permitted under Menifee Municipal Code Section
3.12.070 (6); and
3. Approve the budget amendment resolution appropriating $131,408.60 from Information Technology’s fund balance into an account assigned by the Finance Department.
10.10 Transportation Uniform Mitigation Fee Reimbursement Agreement with Western Riverside Council of Governments for the Ethanac Road/Antelope Road/Highway 74 Intersection Realignment Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager, or their designee, to execute the Transportation Uniform Mitigation Fee (TUMF) Program Reimbursement Agreement with Western Regional Council of Governments (WRCOG) for the Ethanac Road/Antelope Road/Highway 74 Intersection Realignment Project, Capital Improvement Program (CIP) Project No. 2513, for a total nottoexceed amount of $500,000; and
2. Adopt a budget amendment resolution approving an increase in the Fiscal Year 2024/2025 CIP budget by appropriating $500,000 in revenues and expenditures to accounts assigned by the Finance Department in the TUMF Fund.
10.11 Bid Award and Agreement with Bogh Engineering for Construction Services for the Paloma Wash Pedestrian Bridge Project
RECOMMENDED ACTION
1. Award bid and authorize the City Manager to execute a Contract Services Agreement with Bogh Engineering for construction services for the Paloma Wash Pedestrian Bridge Project, Capital Improvement Project No. (CIP) 2013, in a total nottoexceed amount of $2,710,323.74.
10.12 Bid Award and Agreement with RSG, Inc. for Economic Development Strategy Consulting Services
RECOMMENDED ACTION
1. Award bid and authorize the City Manager to execute a Professional Services Agreement with RSG, Inc. for consulting services for the City’s Economic Development Strategy Update, in total nottoexceed amount of $75,500 through June 30, 2026.
10.13 Agreement with EPD Solutions, Inc. for Environmental Review Services for Quail Valley Nature Park
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Professional Services Agreement with EPD Solutions, Inc. for Environmental Consulting Services in an amount nottoexceed $125,035 for Capital Improvement Program (CIP) Project No. 2416, Quail Valley Park Development.
10.14 Agreement with Apace Systems Corporation for a Digital Media Management Equipment and Storage Solution
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a oneyear agreement with Apace Systems Corporation (“Apace Systems”) for a digital media management, equipment and storage solution, in an amount nottoexceed $41,848.75 through December 31, 2025; and
2. Authorize the City Manager to execute up to four oneyear extensions in an amount nottoexceed $47,153.97.
10.15 Agreement with TSK for the Fire Station No. 68 Interior Improvements – Phase II Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Professional Services Agreement with TSK for Architectural and Engineering Services for the Fire Station No. 68 Interior Improvements – Phase II Project, Capital Improvement Program Project (CIP) No.2506, for a total amount nottoexceed $79,500.
10.16 Agreement Amendment with Dokken Engineering for the Valley Boulevard Widening and Missing Links Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute Amendment No. 5 to the Professional Services Agreement with Dokken Engineering increasing the compensation by $29,390, for a total agreement amount nottoexceed $1,451,364.81, for the Valley Boulevard Widening and Missing Links Project, Capital Improvement Program (CIP) Project No. 2202.
10.17 Improvement Agreements, Bonds, and License Agreement for Tract Map 37671, Banner Park South, by Pulte Homes Company, LLC
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute subdivision improvement agreements to guarantee the completion of required park landscape and streetscape improvements associated with Tract Map 37671, Banner Park South, located south of Domenigoni Parkway and west of Briggs Road; and
2. Approve and authorize the Mayor to execute a license agreement authorizing the Banner Park Community Association to perform maintenance on designated irrigation facilities within public rightofway and public properties.
10.18 Acceptance of Landscape Improvements and 90% Release of Security for Tract Map 36852, Del Oro South, by Forestar (USA) Real Estate Group, Inc.
RECOMMENDED ACTION
1. Accept the public landscape improvements for Tract Map 36852, Del Oro South, located south of Holland Road and east of Hanover Lane; and
2. Authorize the City Engineer to release the posted securities per the City’s standard policies.
10.19 Side Letter of Agreement with the Miscellaneous Police Employees Association RECOMMENDED ACTION
1. Approve and authorize the City Manager, or his designee, to execute and implement the terms of the Side Letter Agreement with the Menifee Miscellaneous Police Employees Association (MMPEA) regarding Community Services Officer shift selection and rotation procedures.
11. PUBLIC HEARING ITEMS
11.1 TaxExempt Revenue Bonds by the Public Finance Authority for Mountain View Community Church of Murrieta/Temecula dba The View Church RECOMMENDED ACTION
1. Conduct a Tax Equity and Financial Responsibility Act (TEFRA) hearing in consideration of the issuance of taxexempt bond financing by the Public Finance Authority (PFA) on behalf of Mountain View Community Church of Murrieta/Temecula dba The View Church to finance the acquisition and improvement, refinancing, and reserves of The View Church located at 26701 McCall Blvd. and certain other matters relating thereto; and
2. Adopt a resolution approving the issuance of revenue bonds by the PFA in an amount nottoexceed $8,000,000 for the purpose of financing the Project.
12. DISCUSSION ITEMS
12.1 Feasibility of Paving Dirt Roads in the City
RECOMMENDED ACTION
1. Receive a presentation from staff on the feasibility of paving dirt roads throughout the City; and
2. Discuss and provide direction to staff for future actions, if any.
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: April 16, 2025
> Discussion on the EDC – NG Land Uses and General Plan (Estrada, November 20, 2024) Target Date: April 2, 2025
> Esthetic Enhancements to the Vacant Lot for Future MOC Frontage (Karwin, November 20, 2024) Target Date: May 2025
> Joint Workshop for Planning and Council on Land Use/Role of a Planning Commissioner (Zimmerman, November 20, 2024)
Target Date: February 26, 2025
> Overview of Assembly Bill 98 (Deines, December 4, 2024) Target Date: April 2, 2025
> Discussion Funding Options for Cal State San Marcos Extension Building Tenant Improvements (Sobek, December 4, 2024)
Target Date: April 2, 2025
> Economic Development Ad Hoc Committee (Deines, February 5, 2025) Target Date: TBD
> Naming of Bridge Over Salt Creek – Bradly Rd. Veterans Memorial Bridge (Temple, February 5, 2025) Target Date: TBD
> Menifee Legislative Bodies Term Limits (Estrada, February 5, 2025) 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
March
5,
2025
Page
5 of 831
City Council Chambers
29844 Haun Road
Menifee, CA 92586
Ricky Estrada, Mayor
Bob Karwin, District 1
Ben Diederich, District 2
Dan Temple, District 3
Dean Deines, District 4
AMENDED
AGENDA
Menifee City Council
Regular Meeting Agenda
Wednesday, March 5, 2025
5:00 PM Closed Session
6:00 PM Regular Meeting
Armando G. Villa, City Manager
Jeffrey T. Melching, City Attorney
Stephanie Roseen, 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 Menifee v. City of Perris, Riverside County Superior Court Case No.
CVRI2203040
2. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, SIGNIFICANT EXPOSURE TO LITIGATION
Gov. Code Section 54956.9(d)(2) or (3): Two cases
3. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, INITIATION OF LITIGATION
Government Code section 54956.9(d)(4): Two cases
REGULAR MEETING (6:00 PM)
1. CALL TO ORDER
2. ROLL CALL
3. WORDS OF INSPIRATION
3.1. Josiah Stowell – Menifee Church of Jesus Christ of Latterday Saints
4. PLEDGE OF ALLEGIANCE
5. PRESENTATIONS
5.1. Citizen of the Month – Mary Carnes
5.2. Business Spotlight – Savage Spin
5.3. Winter Teen Awards
5.4. Fire Department Quarterly Update
5.5. Community Services Update
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 February 13, 2025 Special Meeting Minutes
9.2 February 19, 2025 Regular Meeting Minutes
9.3 February 26, 2025 Special Meeting 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 Warrant Register
RECOMMENDED ACTION
1. Ratify and approve the Voucher Lists dated 1/31/2025 and 2/7/2025 and the Payroll Register/Other EFTs dated 1/31/2025, 2/1/2025, 2/3/2025, and 2/4/2025 and the Void Check Listing PE 1/31/2025 which have a total budgetary impact of $7,994,972.53
10.3 Treasurer's Report December 2024
RECOMMENDED ACTION
1. Receive and file the Quarterly Treasurer’s Report as of December 31, 2024.
10.4 Proclamations
RECOMMENDED ACTION
1. Proclaim the month of March 2025 as American Red Cross Month.
10.5 Second Reading and Adoption of an Ordinance Regarding the Development Agreement Amendment for Cimarron Ridge Specific Plan
RECOMMENDED ACTION
1. Adopt an ordinance approving Amendment No. 3 to the Development Agreement for the Cimarron Ridge Specific Plan, located south of McLaughlin Road, east of Goetz Road, and west of Valley Boulevard.
10.6 Second Reading and Adoption of the Bicycles, EBikes, EScooters, and E Skateboards Ordinance
RECOMMENDED ACTION
1. Adopt an Ordinance regulating Bicycles, EBikes, EScooters, and E Skateboards.
10.7 Acceptance of Federal and State Program Funds for the Bradley Road Bridge over Salt Creek Project
RECOMMENDED ACTION
1. Adopt a resolution establishing the City’s eligibility to receive the identified program funding administered by Caltrans and authorizing the City Manager to execute all future documents necessary to receive the identified program funding; and
2. Accept the Community Project Funded Congressional Directed Spending (CPFCDS) Program funds for the Bradley Road Bridge over Salt Creek Project, Capital Improvement Program (CIP) Project No. 1304 (“Project”), for a total nottoexceed amount of $5,000,000; and
3. Accept the Local Transportation Climate Adaptation Program (LTCAP) funds for the Project, for a total nottoexceed amount of $4,200,000; and
4. Approve and authorize the City Manager to execute a Program Supplemental Agreement with the California Department of Transportation (“Caltrans”) for the Project for the total nottoexceed amount of $9,200,000; and
5. Adopt a budget amendment resolution amending the Fiscal Year 2024/2025 CIP by appropriating federal funds in the amount of $5,000,000 in revenues and expenditures in the Grant Fund for the Project; and
6. Adopt a budget amendment resolution amending the Fiscal Year 2024/2025 CIP by appropriating state funds in the amount of $4,200,000 in revenues and expenditures in the Grant Fund for the Project.
10.8 Memorandum of Understanding with the Lake Menifee Women's Club RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Memorandum of Understanding (“MOU”) with the Lake Menifee Women’s Club for partnering in community events and programs through January 1, 2028.
10.9 Purchase Order with Saitech, Inc. for Information Technology Server Room Battery Backups
RECOMMENDED ACTION
1. Approve and authorize the Finance Department to issue a purchase order for a backup universal power supply for the City’s servers from Saitech, Inc. in the nottoexceed amount of $131,408.60, including taxes and delivery; and
2. Approve and authorize the purchase be made under cooperative purchasing agreement NCPA 01170 as permitted under Menifee Municipal Code Section
3.12.070 (6); and
3. Approve the budget amendment resolution appropriating $131,408.60 from Information Technology’s fund balance into an account assigned by the Finance Department.
10.10 Transportation Uniform Mitigation Fee Reimbursement Agreement with Western Riverside Council of Governments for the Ethanac Road/Antelope Road/Highway 74 Intersection Realignment Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager, or their designee, to execute the Transportation Uniform Mitigation Fee (TUMF) Program Reimbursement Agreement with Western Regional Council of Governments (WRCOG) for the Ethanac Road/Antelope Road/Highway 74 Intersection Realignment Project, Capital Improvement Program (CIP) Project No. 2513, for a total nottoexceed amount of $500,000; and
2. Adopt a budget amendment resolution approving an increase in the Fiscal Year 2024/2025 CIP budget by appropriating $500,000 in revenues and expenditures to accounts assigned by the Finance Department in the TUMF Fund.
10.11 Bid Award and Agreement with Bogh Engineering for Construction Services for the Paloma Wash Pedestrian Bridge Project
RECOMMENDED ACTION
1. Award bid and authorize the City Manager to execute a Contract Services Agreement with Bogh Engineering for construction services for the Paloma Wash Pedestrian Bridge Project, Capital Improvement Project No. (CIP) 2013, in a total nottoexceed amount of $2,710,323.74.
10.12 Bid Award and Agreement with RSG, Inc. for Economic Development Strategy Consulting Services
RECOMMENDED ACTION
1. Award bid and authorize the City Manager to execute a Professional Services Agreement with RSG, Inc. for consulting services for the City’s Economic Development Strategy Update, in total nottoexceed amount of $75,500 through June 30, 2026.
10.13 Agreement with EPD Solutions, Inc. for Environmental Review Services for Quail Valley Nature Park
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Professional Services Agreement with EPD Solutions, Inc. for Environmental Consulting Services in an amount nottoexceed $125,035 for Capital Improvement Program (CIP) Project No. 2416, Quail Valley Park Development.
10.14 Agreement with Apace Systems Corporation for a Digital Media Management Equipment and Storage Solution
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a oneyear agreement with Apace Systems Corporation (“Apace Systems”) for a digital media management, equipment and storage solution, in an amount nottoexceed $41,848.75 through December 31, 2025; and
2. Authorize the City Manager to execute up to four oneyear extensions in an amount nottoexceed $47,153.97.
10.15 Agreement with TSK for the Fire Station No. 68 Interior Improvements – Phase II Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Professional Services Agreement with TSK for Architectural and Engineering Services for the Fire Station No. 68 Interior Improvements – Phase II Project, Capital Improvement Program Project (CIP) No.2506, for a total amount nottoexceed $79,500.
10.16 Agreement Amendment with Dokken Engineering for the Valley Boulevard Widening and Missing Links Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute Amendment No. 5 to the Professional Services Agreement with Dokken Engineering increasing the compensation by $29,390, for a total agreement amount nottoexceed $1,451,364.81, for the Valley Boulevard Widening and Missing Links Project, Capital Improvement Program (CIP) Project No. 2202.
10.17 Improvement Agreements, Bonds, and License Agreement for Tract Map 37671, Banner Park South, by Pulte Homes Company, LLC
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute subdivision improvement agreements to guarantee the completion of required park landscape and streetscape improvements associated with Tract Map 37671, Banner Park South, located south of Domenigoni Parkway and west of Briggs Road; and
2. Approve and authorize the Mayor to execute a license agreement authorizing the Banner Park Community Association to perform maintenance on designated irrigation facilities within public rightofway and public properties.
10.18 Acceptance of Landscape Improvements and 90% Release of Security for Tract Map 36852, Del Oro South, by Forestar (USA) Real Estate Group, Inc.
RECOMMENDED ACTION
1. Accept the public landscape improvements for Tract Map 36852, Del Oro South, located south of Holland Road and east of Hanover Lane; and
2. Authorize the City Engineer to release the posted securities per the City’s standard policies.
10.19 Side Letter of Agreement with the Miscellaneous Police Employees Association RECOMMENDED ACTION
1. Approve and authorize the City Manager, or his designee, to execute and implement the terms of the Side Letter Agreement with the Menifee Miscellaneous Police Employees Association (MMPEA) regarding Community Services Officer shift selection and rotation procedures.
11. PUBLIC HEARING ITEMS
11.1 TaxExempt Revenue Bonds by the Public Finance Authority for Mountain View Community Church of Murrieta/Temecula dba The View Church RECOMMENDED ACTION
1. Conduct a Tax Equity and Financial Responsibility Act (TEFRA) hearing in consideration of the issuance of taxexempt bond financing by the Public Finance Authority (PFA) on behalf of Mountain View Community Church of Murrieta/Temecula dba The View Church to finance the acquisition and improvement, refinancing, and reserves of The View Church located at 26701 McCall Blvd. and certain other matters relating thereto; and
2. Adopt a resolution approving the issuance of revenue bonds by the PFA in an amount nottoexceed $8,000,000 for the purpose of financing the Project.
12. DISCUSSION ITEMS
12.1 Feasibility of Paving Dirt Roads in the City
RECOMMENDED ACTION
1. Receive a presentation from staff on the feasibility of paving dirt roads throughout the City; and
2. Discuss and provide direction to staff for future actions, if any.
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: April 16, 2025
> Discussion on the EDC – NG Land Uses and General Plan (Estrada, November 20, 2024) Target Date: April 2, 2025
> Esthetic Enhancements to the Vacant Lot for Future MOC Frontage (Karwin, November 20, 2024) Target Date: May 2025
> Joint Workshop for Planning and Council on Land Use/Role of a Planning Commissioner (Zimmerman, November 20, 2024)
Target Date: February 26, 2025
> Overview of Assembly Bill 98 (Deines, December 4, 2024) Target Date: April 2, 2025
> Discussion Funding Options for Cal State San Marcos Extension Building Tenant Improvements (Sobek, December 4, 2024)
Target Date: April 2, 2025
> Economic Development Ad Hoc Committee (Deines, February 5, 2025) Target Date: TBD
> Naming of Bridge Over Salt Creek – Bradly Rd. Veterans Memorial Bridge (Temple, February 5, 2025) Target Date: TBD
> Menifee Legislative Bodies Term Limits (Estrada, February 5, 2025) 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
March
5,
2025
Page
6 of 831
City Council Chambers
29844 Haun Road
Menifee, CA 92586
Ricky Estrada, Mayor
Bob Karwin, District 1
Ben Diederich, District 2
Dan Temple, District 3
Dean Deines, District 4
AMENDED
AGENDA
Menifee City Council
Regular Meeting Agenda
Wednesday, March 5, 2025
5:00 PM Closed Session
6:00 PM Regular Meeting
Armando G. Villa, City Manager
Jeffrey T. Melching, City Attorney
Stephanie Roseen, 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 Menifee v. City of Perris, Riverside County Superior Court Case No.
CVRI2203040
2. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, SIGNIFICANT EXPOSURE TO LITIGATION
Gov. Code Section 54956.9(d)(2) or (3): Two cases
3. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, INITIATION OF LITIGATION
Government Code section 54956.9(d)(4): Two cases
REGULAR MEETING (6:00 PM)
1. CALL TO ORDER
2. ROLL CALL
3. WORDS OF INSPIRATION
3.1. Josiah Stowell – Menifee Church of Jesus Christ of Latterday Saints
4. PLEDGE OF ALLEGIANCE
5. PRESENTATIONS
5.1. Citizen of the Month – Mary Carnes
5.2. Business Spotlight – Savage Spin
5.3. Winter Teen Awards
5.4. Fire Department Quarterly Update
5.5. Community Services Update
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 February 13, 2025 Special Meeting Minutes
9.2 February 19, 2025 Regular Meeting Minutes
9.3 February 26, 2025 Special Meeting 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 Warrant Register
RECOMMENDED ACTION
1. Ratify and approve the Voucher Lists dated 1/31/2025 and 2/7/2025 and the Payroll Register/Other EFTs dated 1/31/2025, 2/1/2025, 2/3/2025, and 2/4/2025 and the Void Check Listing PE 1/31/2025 which have a total budgetary impact of $7,994,972.53
10.3 Treasurer's Report December 2024
RECOMMENDED ACTION
1. Receive and file the Quarterly Treasurer’s Report as of December 31, 2024.
10.4 Proclamations
RECOMMENDED ACTION
1. Proclaim the month of March 2025 as American Red Cross Month.
10.5 Second Reading and Adoption of an Ordinance Regarding the Development Agreement Amendment for Cimarron Ridge Specific Plan
RECOMMENDED ACTION
1. Adopt an ordinance approving Amendment No. 3 to the Development Agreement for the Cimarron Ridge Specific Plan, located south of McLaughlin Road, east of Goetz Road, and west of Valley Boulevard.
10.6 Second Reading and Adoption of the Bicycles, EBikes, EScooters, and E Skateboards Ordinance
RECOMMENDED ACTION
1. Adopt an Ordinance regulating Bicycles, EBikes, EScooters, and E Skateboards.
10.7 Acceptance of Federal and State Program Funds for the Bradley Road Bridge over Salt Creek Project
RECOMMENDED ACTION
1. Adopt a resolution establishing the City’s eligibility to receive the identified program funding administered by Caltrans and authorizing the City Manager to execute all future documents necessary to receive the identified program funding; and
2. Accept the Community Project Funded Congressional Directed Spending (CPFCDS) Program funds for the Bradley Road Bridge over Salt Creek Project, Capital Improvement Program (CIP) Project No. 1304 (“Project”), for a total nottoexceed amount of $5,000,000; and
3. Accept the Local Transportation Climate Adaptation Program (LTCAP) funds for the Project, for a total nottoexceed amount of $4,200,000; and
4. Approve and authorize the City Manager to execute a Program Supplemental Agreement with the California Department of Transportation (“Caltrans”) for the Project for the total nottoexceed amount of $9,200,000; and
5. Adopt a budget amendment resolution amending the Fiscal Year 2024/2025 CIP by appropriating federal funds in the amount of $5,000,000 in revenues and expenditures in the Grant Fund for the Project; and
6. Adopt a budget amendment resolution amending the Fiscal Year 2024/2025 CIP by appropriating state funds in the amount of $4,200,000 in revenues and expenditures in the Grant Fund for the Project.
10.8 Memorandum of Understanding with the Lake Menifee Women's Club RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Memorandum of Understanding (“MOU”) with the Lake Menifee Women’s Club for partnering in community events and programs through January 1, 2028.
10.9 Purchase Order with Saitech, Inc. for Information Technology Server Room Battery Backups
RECOMMENDED ACTION
1. Approve and authorize the Finance Department to issue a purchase order for a backup universal power supply for the City’s servers from Saitech, Inc. in the nottoexceed amount of $131,408.60, including taxes and delivery; and
2. Approve and authorize the purchase be made under cooperative purchasing agreement NCPA 01170 as permitted under Menifee Municipal Code Section
3.12.070 (6); and
3. Approve the budget amendment resolution appropriating $131,408.60 from Information Technology’s fund balance into an account assigned by the Finance Department.
10.10 Transportation Uniform Mitigation Fee Reimbursement Agreement with Western Riverside Council of Governments for the Ethanac Road/Antelope Road/Highway 74 Intersection Realignment Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager, or their designee, to execute the Transportation Uniform Mitigation Fee (TUMF) Program Reimbursement Agreement with Western Regional Council of Governments (WRCOG) for the Ethanac Road/Antelope Road/Highway 74 Intersection Realignment Project, Capital Improvement Program (CIP) Project No. 2513, for a total nottoexceed amount of $500,000; and
2. Adopt a budget amendment resolution approving an increase in the Fiscal Year 2024/2025 CIP budget by appropriating $500,000 in revenues and expenditures to accounts assigned by the Finance Department in the TUMF Fund.
10.11 Bid Award and Agreement with Bogh Engineering for Construction Services for the Paloma Wash Pedestrian Bridge Project
RECOMMENDED ACTION
1. Award bid and authorize the City Manager to execute a Contract Services Agreement with Bogh Engineering for construction services for the Paloma Wash Pedestrian Bridge Project, Capital Improvement Project No. (CIP) 2013, in a total nottoexceed amount of $2,710,323.74.
10.12 Bid Award and Agreement with RSG, Inc. for Economic Development Strategy Consulting Services
RECOMMENDED ACTION
1. Award bid and authorize the City Manager to execute a Professional Services Agreement with RSG, Inc. for consulting services for the City’s Economic Development Strategy Update, in total nottoexceed amount of $75,500 through June 30, 2026.
10.13 Agreement with EPD Solutions, Inc. for Environmental Review Services for Quail Valley Nature Park
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Professional Services Agreement with EPD Solutions, Inc. for Environmental Consulting Services in an amount nottoexceed $125,035 for Capital Improvement Program (CIP) Project No. 2416, Quail Valley Park Development.
10.14 Agreement with Apace Systems Corporation for a Digital Media Management Equipment and Storage Solution
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a oneyear agreement with Apace Systems Corporation (“Apace Systems”) for a digital media management, equipment and storage solution, in an amount nottoexceed $41,848.75 through December 31, 2025; and
2. Authorize the City Manager to execute up to four oneyear extensions in an amount nottoexceed $47,153.97.
10.15 Agreement with TSK for the Fire Station No. 68 Interior Improvements – Phase II Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Professional Services Agreement with TSK for Architectural and Engineering Services for the Fire Station No. 68 Interior Improvements – Phase II Project, Capital Improvement Program Project (CIP) No.2506, for a total amount nottoexceed $79,500.
10.16 Agreement Amendment with Dokken Engineering for the Valley Boulevard Widening and Missing Links Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute Amendment No. 5 to the Professional Services Agreement with Dokken Engineering increasing the compensation by $29,390, for a total agreement amount nottoexceed $1,451,364.81, for the Valley Boulevard Widening and Missing Links Project, Capital Improvement Program (CIP) Project No. 2202.
10.17 Improvement Agreements, Bonds, and License Agreement for Tract Map 37671, Banner Park South, by Pulte Homes Company, LLC
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute subdivision improvement agreements to guarantee the completion of required park landscape and streetscape improvements associated with Tract Map 37671, Banner Park South, located south of Domenigoni Parkway and west of Briggs Road; and
2. Approve and authorize the Mayor to execute a license agreement authorizing the Banner Park Community Association to perform maintenance on designated irrigation facilities within public rightofway and public properties.
10.18 Acceptance of Landscape Improvements and 90% Release of Security for Tract Map 36852, Del Oro South, by Forestar (USA) Real Estate Group, Inc.
RECOMMENDED ACTION
1. Accept the public landscape improvements for Tract Map 36852, Del Oro South, located south of Holland Road and east of Hanover Lane; and
2. Authorize the City Engineer to release the posted securities per the City’s standard policies.
10.19 Side Letter of Agreement with the Miscellaneous Police Employees Association RECOMMENDED ACTION
1. Approve and authorize the City Manager, or his designee, to execute and implement the terms of the Side Letter Agreement with the Menifee Miscellaneous Police Employees Association (MMPEA) regarding Community Services Officer shift selection and rotation procedures.
11. PUBLIC HEARING ITEMS
11.1 TaxExempt Revenue Bonds by the Public Finance Authority for Mountain View Community Church of Murrieta/Temecula dba The View Church RECOMMENDED ACTION
1. Conduct a Tax Equity and Financial Responsibility Act (TEFRA) hearing in consideration of the issuance of taxexempt bond financing by the Public Finance Authority (PFA) on behalf of Mountain View Community Church of Murrieta/Temecula dba The View Church to finance the acquisition and improvement, refinancing, and reserves of The View Church located at 26701 McCall Blvd. and certain other matters relating thereto; and
2. Adopt a resolution approving the issuance of revenue bonds by the PFA in an amount nottoexceed $8,000,000 for the purpose of financing the Project.
12. DISCUSSION ITEMS
12.1 Feasibility of Paving Dirt Roads in the City
RECOMMENDED ACTION
1. Receive a presentation from staff on the feasibility of paving dirt roads throughout the City; and
2. Discuss and provide direction to staff for future actions, if any.
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: April 16, 2025
> Discussion on the EDC – NG Land Uses and General Plan (Estrada, November 20, 2024) Target Date: April 2, 2025
> Esthetic Enhancements to the Vacant Lot for Future MOC Frontage (Karwin, November 20, 2024) Target Date: May 2025
> Joint Workshop for Planning and Council on Land Use/Role of a Planning Commissioner (Zimmerman, November 20, 2024)
Target Date: February 26, 2025
> Overview of Assembly Bill 98 (Deines, December 4, 2024) Target Date: April 2, 2025
> Discussion Funding Options for Cal State San Marcos Extension Building Tenant Improvements (Sobek, December 4, 2024)
Target Date: April 2, 2025
> Economic Development Ad Hoc Committee (Deines, February 5, 2025) Target Date: TBD
> Naming of Bridge Over Salt Creek – Bradly Rd. Veterans Memorial Bridge (Temple, February 5, 2025) Target Date: TBD
> Menifee Legislative Bodies Term Limits (Estrada, February 5, 2025) 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
March
5,
2025
Page
7 of 831
City Council Chambers
29844 Haun Road
Menifee, CA 92586
Ricky Estrada, Mayor
Bob Karwin, District 1
Ben Diederich, District 2
Dan Temple, District 3
Dean Deines, District 4
AMENDED
AGENDA
Menifee City Council
Regular Meeting Agenda
Wednesday, March 5, 2025
5:00 PM Closed Session
6:00 PM Regular Meeting
Armando G. Villa, City Manager
Jeffrey T. Melching, City Attorney
Stephanie Roseen, 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 Menifee v. City of Perris, Riverside County Superior Court Case No.
CVRI2203040
2. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, SIGNIFICANT EXPOSURE TO LITIGATION
Gov. Code Section 54956.9(d)(2) or (3): Two cases
3. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, INITIATION OF LITIGATION
Government Code section 54956.9(d)(4): Two cases
REGULAR MEETING (6:00 PM)
1. CALL TO ORDER
2. ROLL CALL
3. WORDS OF INSPIRATION
3.1. Josiah Stowell – Menifee Church of Jesus Christ of Latterday Saints
4. PLEDGE OF ALLEGIANCE
5. PRESENTATIONS
5.1. Citizen of the Month – Mary Carnes
5.2. Business Spotlight – Savage Spin
5.3. Winter Teen Awards
5.4. Fire Department Quarterly Update
5.5. Community Services Update
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 February 13, 2025 Special Meeting Minutes
9.2 February 19, 2025 Regular Meeting Minutes
9.3 February 26, 2025 Special Meeting 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 Warrant Register
RECOMMENDED ACTION
1. Ratify and approve the Voucher Lists dated 1/31/2025 and 2/7/2025 and the Payroll Register/Other EFTs dated 1/31/2025, 2/1/2025, 2/3/2025, and 2/4/2025 and the Void Check Listing PE 1/31/2025 which have a total budgetary impact of $7,994,972.53
10.3 Treasurer's Report December 2024
RECOMMENDED ACTION
1. Receive and file the Quarterly Treasurer’s Report as of December 31, 2024.
10.4 Proclamations
RECOMMENDED ACTION
1. Proclaim the month of March 2025 as American Red Cross Month.
10.5 Second Reading and Adoption of an Ordinance Regarding the Development Agreement Amendment for Cimarron Ridge Specific Plan
RECOMMENDED ACTION
1. Adopt an ordinance approving Amendment No. 3 to the Development Agreement for the Cimarron Ridge Specific Plan, located south of McLaughlin Road, east of Goetz Road, and west of Valley Boulevard.
10.6 Second Reading and Adoption of the Bicycles, EBikes, EScooters, and E Skateboards Ordinance
RECOMMENDED ACTION
1. Adopt an Ordinance regulating Bicycles, EBikes, EScooters, and E Skateboards.
10.7 Acceptance of Federal and State Program Funds for the Bradley Road Bridge over Salt Creek Project
RECOMMENDED ACTION
1. Adopt a resolution establishing the City’s eligibility to receive the identified program funding administered by Caltrans and authorizing the City Manager to execute all future documents necessary to receive the identified program funding; and
2. Accept the Community Project Funded Congressional Directed Spending (CPFCDS) Program funds for the Bradley Road Bridge over Salt Creek Project, Capital Improvement Program (CIP) Project No. 1304 (“Project”), for a total nottoexceed amount of $5,000,000; and
3. Accept the Local Transportation Climate Adaptation Program (LTCAP) funds for the Project, for a total nottoexceed amount of $4,200,000; and
4. Approve and authorize the City Manager to execute a Program Supplemental Agreement with the California Department of Transportation (“Caltrans”) for the Project for the total nottoexceed amount of $9,200,000; and
5. Adopt a budget amendment resolution amending the Fiscal Year 2024/2025 CIP by appropriating federal funds in the amount of $5,000,000 in revenues and expenditures in the Grant Fund for the Project; and
6. Adopt a budget amendment resolution amending the Fiscal Year 2024/2025 CIP by appropriating state funds in the amount of $4,200,000 in revenues and expenditures in the Grant Fund for the Project.
10.8 Memorandum of Understanding with the Lake Menifee Women's Club RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Memorandum of Understanding (“MOU”) with the Lake Menifee Women’s Club for partnering in community events and programs through January 1, 2028.
10.9 Purchase Order with Saitech, Inc. for Information Technology Server Room Battery Backups
RECOMMENDED ACTION
1. Approve and authorize the Finance Department to issue a purchase order for a backup universal power supply for the City’s servers from Saitech, Inc. in the nottoexceed amount of $131,408.60, including taxes and delivery; and
2. Approve and authorize the purchase be made under cooperative purchasing agreement NCPA 01170 as permitted under Menifee Municipal Code Section
3.12.070 (6); and
3. Approve the budget amendment resolution appropriating $131,408.60 from Information Technology’s fund balance into an account assigned by the Finance Department.
10.10 Transportation Uniform Mitigation Fee Reimbursement Agreement with Western Riverside Council of Governments for the Ethanac Road/Antelope Road/Highway 74 Intersection Realignment Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager, or their designee, to execute the Transportation Uniform Mitigation Fee (TUMF) Program Reimbursement Agreement with Western Regional Council of Governments (WRCOG) for the Ethanac Road/Antelope Road/Highway 74 Intersection Realignment Project, Capital Improvement Program (CIP) Project No. 2513, for a total nottoexceed amount of $500,000; and
2. Adopt a budget amendment resolution approving an increase in the Fiscal Year 2024/2025 CIP budget by appropriating $500,000 in revenues and expenditures to accounts assigned by the Finance Department in the TUMF Fund.
10.11 Bid Award and Agreement with Bogh Engineering for Construction Services for the Paloma Wash Pedestrian Bridge Project
RECOMMENDED ACTION
1. Award bid and authorize the City Manager to execute a Contract Services Agreement with Bogh Engineering for construction services for the Paloma Wash Pedestrian Bridge Project, Capital Improvement Project No. (CIP) 2013, in a total nottoexceed amount of $2,710,323.74.
10.12 Bid Award and Agreement with RSG, Inc. for Economic Development Strategy Consulting Services
RECOMMENDED ACTION
1. Award bid and authorize the City Manager to execute a Professional Services Agreement with RSG, Inc. for consulting services for the City’s Economic Development Strategy Update, in total nottoexceed amount of $75,500 through June 30, 2026.
10.13 Agreement with EPD Solutions, Inc. for Environmental Review Services for Quail Valley Nature Park
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Professional Services Agreement with EPD Solutions, Inc. for Environmental Consulting Services in an amount nottoexceed $125,035 for Capital Improvement Program (CIP) Project No. 2416, Quail Valley Park Development.
10.14 Agreement with Apace Systems Corporation for a Digital Media Management Equipment and Storage Solution
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a oneyear agreement with Apace Systems Corporation (“Apace Systems”) for a digital media management, equipment and storage solution, in an amount nottoexceed $41,848.75 through December 31, 2025; and
2. Authorize the City Manager to execute up to four oneyear extensions in an amount nottoexceed $47,153.97.
10.15 Agreement with TSK for the Fire Station No. 68 Interior Improvements – Phase II Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute a Professional Services Agreement with TSK for Architectural and Engineering Services for the Fire Station No. 68 Interior Improvements – Phase II Project, Capital Improvement Program Project (CIP) No.2506, for a total amount nottoexceed $79,500.
10.16 Agreement Amendment with Dokken Engineering for the Valley Boulevard Widening and Missing Links Project
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute Amendment No. 5 to the Professional Services Agreement with Dokken Engineering increasing the compensation by $29,390, for a total agreement amount nottoexceed $1,451,364.81, for the Valley Boulevard Widening and Missing Links Project, Capital Improvement Program (CIP) Project No. 2202.
10.17 Improvement Agreements, Bonds, and License Agreement for Tract Map 37671, Banner Park South, by Pulte Homes Company, LLC
RECOMMENDED ACTION
1. Approve and authorize the City Manager to execute subdivision improvement agreements to guarantee the completion of required park landscape and streetscape improvements associated with Tract Map 37671, Banner Park South, located south of Domenigoni Parkway and west of Briggs Road; and
2. Approve and authorize the Mayor to execute a license agreement authorizing the Banner Park Community Association to perform maintenance on designated irrigation facilities within public rightofway and public properties.
10.18 Acceptance of Landscape Improvements and 90% Release of Security for Tract Map 36852, Del Oro South, by Forestar (USA) Real Estate Group, Inc.
RECOMMENDED ACTION
1. Accept the public landscape improvements for Tract Map 36852, Del Oro South, located south of Holland Road and east of Hanover Lane; and
2. Authorize the City Engineer to release the posted securities per the City’s standard policies.
10.19 Side Letter of Agreement with the Miscellaneous Police Employees Association RECOMMENDED ACTION
1. Approve and authorize the City Manager, or his designee, to execute and implement the terms of the Side Letter Agreement with the Menifee Miscellaneous Police Employees Association (MMPEA) regarding Community Services Officer shift selection and rotation procedures.
11. PUBLIC HEARING ITEMS
11.1 TaxExempt Revenue Bonds by the Public Finance Authority for Mountain View Community Church of Murrieta/Temecula dba The View Church RECOMMENDED ACTION
1. Conduct a Tax Equity and Financial Responsibility Act (TEFRA) hearing in consideration of the issuance of taxexempt bond financing by the Public Finance Authority (PFA) on behalf of Mountain View Community Church of Murrieta/Temecula dba The View Church to finance the acquisition and improvement, refinancing, and reserves of The View Church located at 26701 McCall Blvd. and certain other matters relating thereto; and
2. Adopt a resolution approving the issuance of revenue bonds by the PFA in an amount nottoexceed $8,000,000 for the purpose of financing the Project.
12. DISCUSSION ITEMS
12.1 Feasibility of Paving Dirt Roads in the City
RECOMMENDED ACTION
1. Receive a presentation from staff on the feasibility of paving dirt roads throughout the City; and
2. Discuss and provide direction to staff for future actions, if any.
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: April 16, 2025
> Discussion on the EDC – NG Land Uses and General Plan (Estrada, November 20, 2024) Target Date: April 2, 2025
> Esthetic Enhancements to the Vacant Lot for Future MOC Frontage (Karwin, November 20, 2024) Target Date: May 2025
> Joint Workshop for Planning and Council on Land Use/Role of a Planning Commissioner (Zimmerman, November 20, 2024)
Target Date: February 26, 2025
> Overview of Assembly Bill 98 (Deines, December 4, 2024) Target Date: April 2, 2025
> Discussion Funding Options for Cal State San Marcos Extension Building Tenant Improvements (Sobek, December 4, 2024)
Target Date: April 2, 2025
> Economic Development Ad Hoc Committee (Deines, February 5, 2025) Target Date: TBD
> Naming of Bridge Over Salt Creek – Bradly Rd. Veterans Memorial Bridge (Temple, February 5, 2025) Target Date: TBD
> Menifee Legislative Bodies Term Limits (Estrada, February 5, 2025) 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
March
5,
2025
Page
8 of 831
Menifee Mayor and City Council February 13, 2025
City Council Chambers
29844 Haun Road
Menifee, CA 92586
Ricky Estrada, Mayor
Bob Karwin, District 1
Ben Diederich, District 2
Dan Temple, District 3
Dean Deines, District 4
SPECIAL MINUTES
Menifee City Council
Special Meeting Minutes
Thursday, February 13, 2025
5:00 PM Special Meeting
David Foust, Chair
Laz Peterson, Vice Chair
Mauricio Sanchez, Commissioner
Tom Giedroyce, Commissioner
Tierra Trembley, Commissioner
SPECIAL MEETING (5:00 PM)
1. CALL TO ORDER
Mayor Estrada called the special meeting to order at 5:00 PM.
2. ROLL CALL
Present: Ricky Estrada, Bob Karwin, Dean Deines, Thomas Giedroyce, Tierra Trembley (5:05 PM), Laz Peterson, David Foust
Absent: Dan Temple, Ben Diederich, Mauricio Sanchez
3. PLEDGE OF ALLEGIANCE
Commissioner Giedroyce led the flag salute.
4. DISCUSSION ITEMS
4.1 Menifee Community Center Design Workshop
Deputy City Manager Rebekah Kramer and City Consultant Jonathan Richert with TSK provided a presentation.
The City Council and Commissioners asked staff and the consultant questions.
The following speakers addressed the City Council.
• Mary Carnes
• Chris Carnes
The City Council and Commissioners discussed options presented and provided consensus on the presented Palette Option No. 1 and asked staff to bring back the item with additional renderings for place making opportunities and floor plan options.
Item Title: 9.1
February 13, 2025 Special Meeting Minutes
Item Page Number: 1
Menifee Mayor and City Council
March 5, 2025
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Menifee Mayor and City Council February 13, 2025
5. ADJOURN
Mayor Estrada adjourned the meeting at 6:32 PM.
Stephanie Roseen, CMC
City Clerk
Item Title: 9.1
February 13, 2025 Special Meeting Minutes
Item Page Number: 2
Menifee Mayor and City Council
March 5, 2025
Page
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Menifee Mayor and City Council February 19, 2025
City Council Chambers
29844 Haun Road
Menifee, CA 92586
Ricky Estrada, Mayor
Bob Karwin, District 1
Ben Diederich, District 2
Dan Temple, District 3
Dean Deines, District 4 MINUTES
Menifee City Council
Regular Meeting Minutes
Wednesday, February 19, 2025
5:00 PM Closed Session
6:00 PM Regular Meeting
Armando G. Villa, City Manager
Jeffrey T. Melching, City Attorney
Stephanie Roseen, City Clerk
CLOSED SESSION (5:00 PM)
Mayor Estrada called closed session to order at 5:00 PM. Present were Councilmembers Deines, Diederich, Temple, Mayor Pro Tem Karwin, and Mayor Estrada. The City Council recessed to closed session at 5:01 PM for the purposes listed below.
1. 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
2. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, SIGNIFICANT
EXPOSURE TO LITIGATION
Gov. Code Section 54956.9(d)(2) or (3): Two cases
3. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, INITIATION OF
LITIGATION
Government Code section 54956.9(d)(4): Two cases
4. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 Sierra Concrete v. TMS Construction, Riverside County Superior Court Case No.
RIC2002345 MF
REGULAR MEETING (6:00 PM)
1. CALL TO ORDER
Mayor Estrada called the meeting to order at 6:00 PM.
City Attorney Jeffrey Melching provided a report out from closed session and stated with a vote of 41, Estrada voting no, the City Council provided direction to initiate litigation.
Mayor Estrada made a statement and requested to adjourn the meeting in honor of Community Services staff member Chelsea Bollinger.
2. ROLL CALL
Present: Bob Karwin, Ricky Estrada, Dan Temple, Dean Deines, Ben Diederich
Absent: None
Item Title: 9.2
February 19, 2025 Regular Meeting Minutes
Item Page Number: 1
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3. WORDS OF INSPIRATION
3.1 Pastor Ieesha Sharp – Lead Your Ship Ministries
4. PLEDGE OF ALLEGIANCE
Bob O’Donnell led the flag salute.
5. PRESENTATIONS
5.1 Citizen of the Month – Sal Chiaravalloti
Mayor Estrada introduced Citizen of the Month, Sal Chiaravalloti. The City Council presented Mr. Chiaravalloti with a certificate.
5.2 Menifee Valley Chamber of Commerce Strategic Plan and MOU Implementation Update
Katie Luna, President and CEO of the Menifee Valley Chamber of Commerce provided a presentation.
The City Council asked Ms. Luna questions.
5.3 Community Services Monthly Update
This item was pulled from the agenda.
6. AGENDA APPROVAL OR MODIFICATIONS
The agenda was approved unanimously (50) as modified.
7. PUBLIC COMMENTS (NONAGENDA ITEMS)
The following speakers addressed the City Council on nonagenda items. • Fred Banuelos
• Patrick Hunter
• Bob Pattona
• Peyton Winningham
• Beatriz Aguilar
• Linda Beck
8. COUNCILMEMBER UPDATES AND COMMENTS
Councilmember Ben Diederich reported on the meetings and events he attended. • Menifee’s Coffee with a Cop
• Menifee’s Planning Commission Meeting
Councilmember Dan Temple reported on the meetings and events he attended. • Riverside County Habitat Conservation Agency ( RCHCA) Board of Directions Meeting and Training
Item Title: 9.2
February 19, 2025 Regular Meeting Minutes
Item Page Number: 2
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• Community Partners Meeting
• RCHCA Board Directors Meeting
• Quail Valley’s Food Distribution with Menifee’s Community Cupboard
Councilmember Dean Deines reported on the meeting he attended. • Joint City Council and Parks, Recreation, and Trails Commission Workshop
Mayor Pro Tem Karwin reported on the meetings and events he attended. • Community Partners Meeting
• Chamber Mixer at Rasoi Indian Food
• Menifee’s Coffee with a Cop
• Paloma Valley High School Mock Trial Final Round
• Rotary Club Meeting
• Joint City Council and Parks, Recreation, and Trails Commission Workshop
Mayor Estrada reported on the meetings and events he attended. • EBike Presentation at the Menifee School District
• Menifee Girls’ Softball Opening Day Ceremony
• Business Mixer at Rasoi Indian Food
• Ready Set Future ay Lazy Creek Park
• Meeting with City of Perris Mayor Varges
• Joint City Council and Parks, Recreation, and Trails Commission Workshop
9. APPROVAL OF MINUTES
The following sets of minutes were approved unanimously (50) with no modifications.
9.1 February 5, 2025 Special Meeting Minutes
9.2 February 5, 2025 Regular Meeting Minutes
10. CONSENT CALENDAR
The consent calendar was approved by the following vote.
MOVER: Bob Karwin
SECONDER: Dean Deines
1 0.1 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.
AYES: Karwin, Estrada, Temple, Deines, Diederich
NAYS: None
RECUSE: None
Item Title: 9.2
February 19, 2025 Regular Meeting Minutes
Item Page Number: 3
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10.2 Warrant Register
ACTION
1. Ratified and approved the Voucher Lists dated 1/17/2025 and 1/24/2025 and the Payroll Register/Other EFTs dated 1/1/2025, 1/15/2025 and 1/17/2025 which have a total budgetary impact of $3,691,532.25.
10.3 Monthly Public Safety Reports
ACTION
1. Received and filed the Public Safety Reports for December 2024.
10.4 2025 Legislative Platform Update
ACTION
1. Reviewed and approved the 2025 Legislative Platform.
10.5 Developer Funded California Environmental Quality Act Consultant Update for the Second Quarter of Fiscal Year 2024/2025
ACTION
1. Receive d and file d the second Quarterly Update on executed California Environmental Quality Act consultant contracts for Fiscal Year 2024/2025.
10.6 Second Reading and Adoption of an Ordinance Updating Participation in the Western Riverside County Transportation Uniform Mitigation Fee (TUMF) Program and Amending the TUMF Fees per the 2024 Nexus Study
ACTION
1. Adopted O rdinance No. 2025 406, r epealing and replacing Ordinance No. 2017229 to update participation in the Transportation Uniform Mitigation Fee (TUMF) program.
1 0.7 California Intergovernmental Risk Authority Board of Directors Voting Representative and Alternate Appointment
ACTION
1. Adopted R esolution No. 24 1535 t o update the City’s representation on the California Intergovernmental Risk Authority Board of Directors by removing the City Manager, Armando G. Villa and appointing the City’s Human Resources Director, Angela Rivera as the new primary representative and designating Human Resources Analyst, Vanessa Barrera as the alternate and authorize representatives to vote on behalf of the City.
Item Title: 9.2
February 19, 2025 Regular Meeting Minutes
Item Page Number: 4
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10.8 National Recreation and Park Association Advancing Gender Equity in Youth Sports Community of Practice Grant
ACTION
1. Accepted the National Recreation and Park Association Advancing Gender Equity in Youth Sports Community of Practice Grant in the amount of $20,000; and
2. Approved and authorized the City Manager to execute a memorandum of understanding with National Recreation and Park Association, Inc. for the acceptance of terms and use for the grant; and
3. A
dopted R esolution No. 24 1536, app
ropriating $20,000 in revenue and
expenditures for the Community Services Department; and
4. A
uthorized the City Manager or his designee to execute all other necessary grant related documents thereof to receive the grant award.
10.9 Proposed Formation of Community Facilities District 20251, Menifee Vista
ACTION
1. Adopted R esolution No. 25 1537, intention to establish Community Facilities District No. 20251, Menifee Vista, located west of Byers Road and north of Rouse Road; and
2. A
dopted R esolution No. 25 1538, i
ntention to incur bonded indebtedness for
Community Facilities District No. 20251, Menifee Vista.
10 .10 Proposed Formation of Community Facilities District No. 20254, Heritage Village
ACTION
1. Adopted Resolution No. 251539, i ntention to establish Community Facilities District No. 2025 4, Heritage Village, located on the northwest corner of Menifee Road and Rouse Road; and
2. A
dopted R esolution No. 25 1540, i
ntention to incur bonded indebtedness for
Community Facilities District No. 20254, Heritage Village.
10 .11 Resolution of Intention for Annexation No. 26, Menifee Vista, into Community Facility District 20171, Maintenance Services
ACTION
1. Accepted the Petition of The Han Family Trust Dated February 27, 2003, Assessor’s Parcel No. (APN) 330230023, associated with Tentative Tract Map 38128, Menifee Vista, located between Valley Boulevard and Byers Road and north of Rouse Road, into Community Facilities District (CFD) No. 20171 (Maintenance Services) as Annexation No. 26; and
2. A
dopted Resolution No. 2515
41, intention to add Annexation No. 26 into CFD No.
20171, to authorize the levy of special tax therein to finance certain maintenance services, and to set a public hearing for April 2, 2025.
Item Title: 9.2
February 19, 2025 Regular Meeting Minutes
Item Page Number: 5
Menifee Mayor and City Council
March 5, 2025
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Menifee Mayor and City Council February 19, 2025
10.12 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 Nos. 333040045 and 333040046, 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. A
dopted Resolution No. 251542, i
ntention 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 April 2, 2025.
10 .13 Resolution of Intention for Annexation No. 29, Heritage Village, into Community Facility District 20171, Maintenance Services
ACTION
1. Accepted the Petition of Lennar Homes of California, LLC, Tentative Tract Map (TTM) 38346, located on the northwest corner of Rouse Road and Menifee Road, for annexation into Community Facilities District (“CFD No. 20171” or “CFD”), Maintenance Services, as Annexation Area No. 29; and
2. A
dopted Resolution No. 25
1543,
intention to add Annexation No. 29 into CFD No.
20171, to authorize the levy of special tax therein to finance certain maintenance services, and to set a public hearing for April 2, 2025.
10 .14 Agreement of Purchase and Sale for the Acquisition of Real Property Located at 27930 Watson Road
ACTION
1. Approved and authorized the City Manager to execute an Agreement of Purchase and Sale and Escrow Instructions, in substantially the form provided in the attached Draft Agreement of Purchase and Sale, with property owner Marco Antonio Campista Cedillo, for real property located at 27930 Watson Road, Menifee, CA, identified as Assessor Parcel No. (APN) 329050049, for the Ethanac Road/Antelope Road/Highway 74 Intersection Realignment Project, Capital Improvement Program (CIP) Project No. 2513, for a total amount not toexceed $275,000; and
2. Authorized the City Manager to modify the Agreement of Purchase and Sale and Escrow Instructions, without modifying core deal terms, as necessary to further benefit the City, and to execute any additional documents required for the acquisition of the real property (APN 329050049); and
3. A
dopted R esolution No. 25 1544 f
or the Trust Fund approving an increase in
revenue and appropriation of expenditures in the amount of $275,000 (Transfer Out); and
4. A
dopted R esolution No. 25 1545 f
or the Capital Projects Fund approving an
increase in revenue (Transfer In) and appropriation of expenditures in the amount of $275,000 to the Project account assigned by the Finance Department.
Item Title: 9.2
February 19, 2025 Regular Meeting Minutes
Item Page Number: 6
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Menifee Mayor and City Council February 19, 2025
10.15 Memorandum of Understanding with the City of San Diego Police Department, Internet Crimes Against Children Task Force
ACTION
1. Approved and authorize d the City Manager, or designee, to execute a Memorandum of Understanding (MOU) with the City of San Diego, on behalf of its Internet Crimes Against Children Task Force.
10.16 Agreement Amendment with Kimley Horn and Associates, Inc. for the Master Circulation Plan Study in the Economic Development Corridor – Northern Gateway
ACTION
1. Approved and authorized the City Manager to execute Amendment No. 2 to the Professional Services Agreement with KimleyHorn and Associates, Inc. to extend the term of services to prepare a Master Circulation Plan Study within the Economic Development Corridor – Northern Gateway through June 30, 2025.
10.17 Agreement Amendment with CSD Cyber, LLC. for Cybersecurity Penetration Testing Services
ACTION
1. Approved and authorized the City Manager to execute Amendment No. 1 to the Professional Services Agreement with CSD Cyber, LLC. for cybersecurity penetration testing services, increasing the compensation amount by $3,731.80, for a total nottoexceed amount of $28,571.80.
11. PUBLIC HEARING ITEMS
11.1 Introduction and First Reading of an Ordinance Regarding the Development Agreement Amendment for Cimarron Ridge Specific Plan
Community Development Director Cheryl Kitzerow provided a presentation.
The City Council asked staff questions.
Mayor Estrada opened the public hearing at 7:16 PM. City Clerk Stephanie Roseen stated the public hearing was legally noticed.
Correspondence was received by the following.
• Julie Notsch
Division VP Land Planning and Development for Pulte, Bob Paradise, addressed the City Council.
The following speakers addressed the City Council.
• Julie Notsch
• Ryan Curnick
Mayor Estrada closed the public hearing at 7:25 PM.
Item Title: 9.2
February 19, 2025 Regular Meeting Minutes
Item Page Number: 7
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Menifee Mayor and City Council February 19, 2025
AYES: Karwin, Estrada, Temple, Deines, Diederich
NAYS: None
RECUSE: None
The City Council provided consensus to prioritize the $300,000 community benefit (if necessary) to the Valley Boulevard Capital Improvement Project/missing link construction.
City Clerk Stephanie Roseen introduced the ordinance by title.
ACTION
1. Introduced an ordinance approving Amendment No. 3 to the Development Agreement for the Cimarron Ridge Specific Plan, located south of McLaughlin Road, east of Goetz Road, and west of Valley Boulevard, and find that no additional environmental review is required based upon the findings and conclusions in the resolution.
MOVER: Dean Deines
SECONDER: Ben Diederich
12. DISCUSSION ITEMS
12.1 First Reading and Introduction of an Ordinance Establishing Regulations for Electric Bicycles, Electric Scooters, and Electric Skateboards
Menifee Police Lieutenant Denise Keith and Sergent Danny Beare provided a presentation.
The City Council asked staff questions.
The following speakers addressed the City Council.
• Fred Banuelos
• Richard Buttler
• Craig Cooper
• Al Bianco
• Serena Murschel
The City Council spoke in favor of the proposed ordinance.
City Attorney Jeffrey Melching stated section 12.30.110 would be amended to remove “public highway”.
City Clerk Stephanie Roseen introduced the ordinance by title.
ACTION
1. Introduced, as amended, an ordinance adding Chapter 12.30 to Title 12 of the Menifee Municipal Code establishing regulations for electric bicycles, electric scooters, and electric skateboards.
Item Title: 9.2
February 19, 2025 Regular Meeting Minutes
Item Page Number: 8
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Menifee Mayor and City Council February 19, 2025
AYES: Karwin, Estrada, Temple, Deines, Diederich
NAYS: None
RECUSE: None
MOVER: Dean Deines
SECONDER: Bob Karwin
12.2 9/11 Memorial Event or Recognition
Community Services Manager Mariana Mitchell provided a presentation.
The following speaker addressed the City Council.
• Lesa Sobek
The City Council provided consensus to add a moment of silence on the Council’s agenda nearest September 11th and participation in outside organizations’ events.
12.3 2024 General Plan Annual Progress Report
Assistant Planner Kimberly Luna provided a presentation.
ACTION
1. Received and filed the General Plan Annual Progress Report (APR) for 2024 as required by state law to show progress toward implementation of General Plan Goals and Policies.
12.4 2024 Annual Report
Deputy City Manager Rebekah Kramer provided a presentation.
ACTION
1. Received and filed the 2024 Annual Report.
13. CITY ATTORNEY REPORTS
None.
14. CITY MANAGER REPORTS
None.
15. FUTURE AGENDA REQUESTS FROM COUNCIL MEMBERS
None.
Item Title: 9.2
February 19, 2025 Regular Meeting Minutes
Item Page Number: 9
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Menifee Mayor and City Council February 19, 2025
16. ADJOURN
Mayor Estrada adjourned the meeting in honor of Chelsea Bollinger at 9:03 PM.
Stephanie Roseen, CMC
City Clerk
Item Title: 9.2
February 19, 2025 Regular Meeting Minutes
Item Page Number: 10
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Menifee Mayor and City Council
February 26, 2025
City Council Chambers
29844 Haun Road
Menifee, CA 92586
Ricky Estrada, Mayor
Bob Karwin, District 1
Vacant, District 2
Dan Temple, District 3
Dean Deines, District 4
SPECIAL MINUTES
Menifee City Council
Special Meeting Minutes
Wednesday, February 26, 2025
4:00 PM Special Meeting
Randy Madrid, Chair
Tammy Ramirez, Commissioner
Ivan Holler, Commissioner
Michael Knighten, Commissioner
Chris Thomas, Commissioner
SPECIAL MEETING (4:00 PM)
1. CALL TO ORDER
Mayor Estrada called the meeting to order at 4:06 PM.
2. ROLL CALL
Present: Ricky Estrada, Bob Karwin, Ben Diederich, Dan Temple, Dean Deines, Randy Madrid, Tammy Ramirez, Ivan Holler, Michael Knighten, Chris Thomas
Absent: None
3. PLEDGE OF ALLEGIANCE
Councilmember Diederich led the flag salute.
4. DISCUSSION ITEMS
4.1 Planning Overview/Role of a Planning Commissioner Workshop
Community Development Director Cheryl Kitzerow introduced the item and City Consultant Mark Teague. Mr. Teague provided a presentation.
The City Council and Planning Commission asked Mr. Teague and staff questions.
ACTION
1. Receiv ed an overview of the roles and responsibilities of a Planning Commissioner, the development process, land uses, zoning and environmental review.
5. ADJOURN
Mayor Estrada adjourned the meeting at 5:34 PM.
__________________________________
Stephanie Roseen, CMC
City Clerk
Item Title: 9.3
February 26, 2025 Special Meeting Minutes
Item Page Number: 1
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CITY OF MENIFEE
SUBJECT: Warrant Register
MEETING DATE: March 5, 2025
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 1/31/2025 and 2/7/2025 and the Payroll Register/Other EFTs dated 1/31/2025, 2/1/2025, 2/3/2025, and 2/4/2025 and the Void Check Listing PE 1/31/2025 which have a total budgetary impact of $7,994,972.53
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 1/31/2025 and 2/7/2025 and the Payroll Register/Other EFTs dated 1/31/2025, 2/1/2025, 2/3/2025, and 2/4/2025 and the Void Check Listing PE 1/31/2025 which have a total budgetary impact of $7,994,972.53.
STRATEGIC PLAN OBJECTIVE
Regular City Business
FISCAL IMPACT
As indicated previously, the payments of demand above have a total budgetary impact of $7,994,972.53, which is available in the fiscal year 2024/25 budget. No additional budget appropriation action(s) is required.
ATTACHMENTS
1. Voucher Listing 1/31/2025
2. Voucher Listing 2/7/2025
Item Title: 10.2
Warrant Register
Item Page Number: 1
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City of Menifee Staff Report
Warrant Register
March 5, 2025
2 5
9 2
3. Payroll Register/Other EFTs
4. AP Void Check Listing
Item Title: 10.2
Warrant Register
Item Page Number: 2
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Voucher List
City of Menifee
Voucher Date Vendor Invoice Number PO # Description Amount 801151 1/31/2025 ACKERMAN, COLLEEN J. 009 25100128 CS Dec'24 Senior Center Instructor Services - Yoga 150.00 801152 1/31/2025 ADORAMA INC 35880613 25100484 Communications Equipment Purchase List 2,239.43 801153 1/31/2025 AFLAC 343649 Dec'24 Insurance Premiums 15,989.74 801154 1/31/2025 AFS PRINTING 67553 25100231 CS Youth Sports Branded EZ up and Table Cover 1,761.58 67554 25100231 CS Aquatics Program Branded EZ up and Table Cover 1,206.04 67555 25100231 CS Healthy Menifee Branded EZ up and Table Cover 1,206.03 4,173.65
801155 1/31/2025 AMAZON CAPITAL SERVICES, INC. 1QLV-F369-769D IT Ron Desk Set Up 19.17 19V9-DT3H-LNK9 IT/ED/CEO Airpods/USB-C Cable (208.79)
1CD9-TCJG-CFLV CS Lazy Creek Tiny Tots Supplies (15.66) 1MGL-WM61-4D7Q PW Street Traffic Spray Paint 166.33
1C4T-4C4L-1PTG HR/Risk White Noise Machine 19.56
1J1W-JRWT-FX4P B&S Materials/Supplies 64.54
1NWR-LP1T-MLJM B&S Furniture/Equip 73.41
17QY-P3PC-Q6LP PW Fleet Materials/Supplies 189.36
1D1Y-33LH-T4JJ PW Street Generator 1,957.47
1MRC-3WH4-3MDK CS Healthy Menifee Cooking Supplies 16.14 1W11-GK3X-J1KX CS Healthy Menifee Cooking Supplies 5.23 14CJ-V396-P7DL PW Streets Materials/Supplies 219.83
14HR-HGFF-HYQW PW Fleet Assembly Lubricant 137.30
1WQG-QHWW-QVTV PW Street Replacement Power Cord 173.95
1CWF-JLK1-73KQ CS Lazy Creek Tiny Tots Supplies (15.66) 1D19-4FQ9-7HFX CS Lazy Creek Tiny Tots Supplies (12.50) 1PLP-DP66-7XWW CS Lazy Creek Tiny Tots Supplies (17.94) 2,771.74
801156 1/31/2025 AMBER MANAGEMENT, LLC 1-22025 Feb'25 PD HQ Mnthly Rent 29714 Haun Rd Bldg A, B 32,000.52 2-22025 Feb'25 City Hall Mnthly Rent 29844 Haun Rd 67,165.78 3-22025 Feb'25 City Hall Extra Office 29826 Ste 307 Haun 6,541.78 105,708.08
801157 1/31/2025 AMERICAN FORENSIC NURSES, INC 79207 25100154 PD Forensic Services 400.00 79239 25100154 PD Forensic Services 160.00
560.00
801158 1/31/2025 ANIMAL FRIENDS OF THE VALLEY JAN 2025 25100153 Jan'25 Animal Field Services 19,500.00
Item Title: 10.2
Warrant Register
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Voucher Date Vendor Invoice Number PO # Description Amount 801159 1/31/2025 AXON ENTERPRISE, INC INUS315664 25100261 PD Body Worn Cameras 3,904.02 801160 1/31/2025 B&H PHOTO-VIDEO & ELECTRONICS 231086683 IT DP Small Tools/Field Equip 96.02 801161 1/31/2025 BMW MOTORCYCLES OF RIVERSIDE 6037306 PD Vehicle Maintenance 604.63 801162 1/31/2025 CIVILPROS COM_1002_202411 24100280 Oct-Nov24 Design Svcs Bundy Cayon Scott RD 6,396.09 801163 1/31/2025 CRAFCO, INC 9403374813 P/W Materials/Supplies 1,616.25 801164 1/31/2025 CUMMING MANAGEMENT GROUP, INC. 161904 24100308 Dec24 Lbr Compli svcs Kay Ceniceros Parking Lot 1,200.00 161906 24100293 Dec24 Lbr Compli svcs La Piedra Bell Mtn Imprv 840.00 2,040.00
801165 1/31/2025 D.R. BECHTER CONSULTING INC. 14-002-435 25100034 Jan24 On Call Construction Inspection 8,375.00 801166 1/31/2025 DELTA DENTAL OF CALIFORNIA BE006386045 Jan'25 PPO Insurance Premiums 17,070.67 801167 1/31/2025 DENNIS JANDA, INC. 16931 24100138 Monument Review Svcs 120.00 16936 25100503 Dedication Review-96 NSFR, TM38128 1,285.00 16937 25100504 Tract Map Rvw-TM36658 Cimarron Ridge 1,430.00 16973 CS La Ladera Park Title Report 650.00
3,485.00
801168 1/31/2025 DIAMOND ENVIRONMENTAL SVC 0005958611 25100024 Jan'25 Nova Ln Portable Restroom Rental Services 153.55 0005962614 PW Temporary Fence 28349 Bradley Rd 111.72
265.27
801169 1/31/2025 DOKKEN ENGINEERING 47981 24100310 Oct24 Design Svcs Harvest Valley School 7,655.00 48172 25100431 Dec24 Wickered Farms Appraisal 2,310.00
9,965.00
801170 1/31/2025 ENCORE IMAGE, INC 53063-R 25100309 CS Kay Ceniceros Display Sign Project 42,965.08 801171 1/31/2025 FAIR HOUSING COUNCIL 9834 25100342 CDBG 24/25 program reimb req #6 1,933.18 801172 1/31/2025 GARY F. HOYT LANDSCAPE ARCHITECTURE, INC. CP-2653 25100453 Landscape Rvw-Cimarron Ridge PA4 792.00 CP-2668 25100453 Landscape Rvw-Cimarron Ridge PA4 330.00 CP-2677 25100368 Landscape Review-TM38346 LDW Menifee 264.00 1,386.00
801173 1/31/2025 GRACIELA VERDUZCO 10188 Feb'2025 PD Substation Lease 2,594.12
Item Title: 10.2
Warrant Register
Item Page Number: 4
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Voucher Date Vendor Invoice Number PO # Description Amount 801174 1/31/2025 INTERGRATED PEST CONTROL MGMT, INC. 80486 CS Pest Control One Time Service 150.00 801175 1/31/2025 KIMLEY-HORN AND ASSOCIATES, INC. 30382432 24100055 Nov'24 EDC-NG Svcs Truck-Menifee 8,230.00 30513950 25100094 Dec'24 CEQA SvcsView Church 2,927.50
11,157.50
801176 1/31/2025 KOBATA ASSOCIATES, INC. 5 2024 25100040 Nov'24 Landscape & Insp Svcs 4,690.00 3 2024 Eng Nov'24 Landscape & Insp Svcs-Eng 112.00
6 2024 25100040 Dec'24 Landscape & Insp Svcs-Eng 6,440.00 11,242.00
801177 1/31/2025 LOZANO SMITH LLP 2235480 Aug'24 Legal Svcs 5,600.00 801178 1/31/2025 LSA ASSOCIATES INC 197289 24100051 Dec'24 CEQA Svcs Freedom Bus Park 1,028.00 197294 25100048 Dec'24 CEQA Svcs Caliber Collision 7,341.25 8,369.25
801179 1/31/2025 NEIGHBORHOOD PARTNERSHIP 2025-25 24100042 Neighborhood Partnership Housing Svcs 1,656.25 801180 1/31/2025 NV5 INC 423214 24100295 Nov24 Design svcs Murrieta RD Bridge 28,310.00 801181 1/31/2025 PACKHAM AND TOOMEY, INC 2025006 Fire Station #68 Unleaded Nozzle Repair 761.20 801182 1/31/2025 PARSONS TRANSPORTATION GROUP,, INC. 2412A436 25100421 TIA & VMT Review- Fitwell Health 3,128.00 2412A425 24100185 Offsite Signing/Striping Rvw LDW Menifee 476.00 2412A429 25100419 Traffic & SS Plans Review Golden Meadows 1,904.00 2412A435 25100390 Legado SS Plan Review 1,428.00
2412C538 25100421 TIA & VMT Review- Fitwell Health 184.00 2412B485 24100305 Oct-Nov24 Design svcs Menifee Rd Widening Prj 14,945.51 22,065.51
801183 1/31/2025 PARTS AUTHORITY, LLC 223809 PD Vehicle Maintenance 131.74 441622 PD Vehicle Maintenance 95.85
3255 PD Vehicle Maintenance 163.26
295-224409 PD Vehicle Maintenance 17.42
105017 Credit for Return Item INV 705239 (48.84)
517099 PD Vehicle Maintenance 54.97
295-223623 PD Vehicle Maintenance 49.02
463.42
801184 1/31/2025 PROMO SHOP, INC. 412929-1 25100485 CSD Staff Uniforms 2,244.85 801185 1/31/2025 RINCON CONSULTANTS, INC 62402R1 25100051 Dec'24 CEQA Svcs Trumble & Watson Proj 13,349.57
Item Title: 10.2
Warrant Register
Item Page Number: 5
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Voucher Date Vendor Invoice Number PO # Description Amount 801186 1/31/2025 RIVERSIDE CONSTRUCTION CO. INC 23 24100251 Dec24 Construction Services Holland RD 475,850.82 801187 1/31/2025 RIVERSIDE COUNTY FIRE DEPT 235504 FY24/25 1st Qtr Fire Protection Svcs 4,143,540.29 801188 1/31/2025 SPICER CONSULTING GROUP LLC 1803 25100157 Bonded CFD Quartz Trails Formation 50% 12,500.00 801189 1/31/2025 SSD ALARM S-01140835 25100233 PD Burglar & Fire Alarm Svcs, Maint. & Monitoring 195.00 801190 1/31/2025 T.Y. LIN INTERNATIONAL 102412149 24100258 Jan-Nov24 Design Services Holland Rd Bridge 22,828.52 801191 1/31/2025 TIME WARNER CABLE 188856001011425 Feb'25 City Hall Satellite Svcs 121.32 801192 1/31/2025 V&V MANUFACTURING, INC 60962 PD Badges 897.67 801193 1/31/2025 VISION SERVICE PLAN 821897849 Jan'25 Vision Insurance Premiums 4,715.85 821897828 Jan'25 Cobra Vision Insurance Premiums 88.95
4,804.80
801194 1/31/2025 VULCAN MATERIALS COMPANY 2593682 P/W Street Maintenace Materials 237.57 2574835 P/W Street Maintenace Materials 242.13
2575139 P/W Street Maintenace Materials 239.85
2575406 P/W Street Maintenace Materials 585.01
2575729 P/W Street Maintenace Materials 238.71
2575814 P/W Street Maintenace Materials 587.30
2,130.57
801195 1/31/2025 WRCRCA 9927 MSHCP Fees-Nov'24 421,364.47 71724 1/31/2025 DIEDERICH, BENJAMIN 25-303 T&T Adv Benjamin D. 2025 Cal Cities New Mayor/Council Trainings 213.20 71725 1/31/2025 PEREZ, JESSICA 25-214B-A T&T Adv Jessica P. 2025 Liebert Cassidy Whitmore Conference 347.80 71726 1/31/2025 RIVERA, ANGELA 25-214A-A T&T Adv Angela R. 2025 Liebert Cassidy Whitmore Conference 347.80 71727 1/31/2025 ZINTER, MICHALA 25-214C-A T&T Adv Michala Z. 2025 Liebert Cassidy Whitmore Conference 153.50 71728 1/31/2025 ADAME LANDSCAPING, INC. 107023 25100071 Nov'24 ROW Landscape Maint. Svcs. 53,418.17 107916 25100071 Dec'24 ROW Landscape Maint. Svcs. 53,418.17 106,836.34
71729 1/31/2025 ADAMSON POLICE PRODUCTS INV427980 PD Equipment 850.09 71730 1/31/2025 BLUE VIEW MANUFACTURED AND MODULAR INC 9983 Refund Duplicate Payment PR24-0233 2,649.11
Item Title: 10.2
Warrant Register
Item Page Number: 6
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Voucher Date Vendor Invoice Number PO # Description Amount 71731 1/31/2025 CAL TRUE VALUE 006335/1 Supplies 107.02 006338/1 Supplies 21.51
578499/1 Supplies 49.72
178.25
71732 1/31/2025 CAZCOM, INC 41178 PD Radios 250.06
71733 1/31/2025 CRIME SCENE CLEANERS 20250114 PD Biohazard Clean Up Svcs 450.00 71734 1/31/2025 EASTERN MUNICIPAL WATER DIST. 500001174 1/22/25 Jan'25 CSA 145 Water Svc-Pete Peterson 531.06 500072538 1/22/25 Jan'25 LLMD Zone 3 Water Svc 639.28
500072542 1/22/25 Jan'25 LLMD Zone 3 Water Svc 413.25
500072544 1/22/25 Jan'25 LLMD Zone 3 Water Svc 376.12
500075900 1/22/25 Jan'25 Haun Rd Water Svc 771.62
500077650 1/22/25 Jan'25 AMR ROW IIrrigation Svc 316.79 500077903 1/22/25 Jan'25 AMR ROW Water Svc 330.66
500077904 1/22/25 Jan'25 AMR ROW Water Svc 338.18
500077905 1/22/25 Jan'25 AMR ROW Water Svc 562.55
500078181 1/22/25 Jan'25 Spirit Park Water Svc 492.89
500079481 1/22/25 Jan'25 AMR Water Svc 288.92
500084765 1/22/25 Jan'25 Mayfield PaRk Irrigation Svc Evans Rd 506.92 500084766 1/22/25 Jan'25 AMR Creek View Irrigation Water Svc 452.02 500085671 1/22/25 Jan'25 AMR Silverstar Irrigation Water Svc 392.32 500086136 1/22/25 Jan'25 AMR ROW Water Svc 735.81
500086142 1/22/25 Jan'25 AMR ROW Water Svc 426.47
500086861 1/22/25 Jan'25 Central Park Irrigation Svc 264.50 500087092 1/22/25 Jan'25 AMR ROW Water Svc 298.71
500087515 1/22/25 Jan'25 AMR ROW Water Svc 247.95
500087645 1/22/25 Jan'25 Centennial Park Irrigation Water Svc 309.61 500087646 1/22/25 Jan'25 Centennial Park Irrigation Water Svc 781.82 500089384 1/22/25 Jan'25 CFD 2015-2 Annexation 28 Zone 28 326.97 500304207 1/22/25 Jan'25 Sunset Park Water Svc 371.26
500772967 1/22/25 Jan'25 Banner Village Park Water Svc 517.15 500775198 1/22/25 Jan'25 Talavera Park Water Svc 364.86 11,057.69
Item Title: 10.2
Warrant Register
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Voucher Date Vendor Invoice Number PO # Description Amount 71735 1/31/2025 EASTERN MUNICIPAL WATER DIST. 500076722 1/22/25 Jan'25 La Piedra/Sherman Irrigation Water Svc 55.09 500077538 1/22/25 Jan'25 AMR ROW Water Svc 76.37
500079025 1/22/25 Jan'25 Town Center ROW Water Svc 225.66 500079028 1/22/25 Jan'25 Town Center ROW Water Svc 86.66 500079032 1/22/25 Jan'25 Town Center ROW Water Svc 148.17 500079033 1/22/25 Jan'25 Town Center ROW Water Svc 9.58 500086143 1/22/25 Jan'25 AMR ROW Water Svc 193.58
500086213 1/22/25 Jan'25 Town Center ROW Water Svc 133.15 500086214 1/22/25 Jan'25 Town Center ROW Water Svc 70.12 500086865 1/22/25 Jan'25 Town Center Water Svc 71.87
500087090 1/22/25 Jan'25 AMR ROW Water Svc 133.15
500087091 1/22/25 Jan'25 AMR ROW Water Svc 197.75
500087647 1/22/25 Jan'25 Centennial Park Irrigation Water Svc 171.25 500242567 1/22/25 Jan'25 CFD2015-1 Annexation 20 Zone 21 Water Svc 134.79 500304117 1/22/25 Jan'25 CFD2015-1 Annexation 20 Zone 21 Water Svc 27.96 500525147 1/22/25 Jan'25 AMR ROW Water Svc 160.73
500529547 1/22/25 Jan'25 Remington Water Svc 111.24
500599997 1/22/25 Jan'25 CFD 2017-1 Zone 1 151.17
500769355 1/22/25 Jan'25 ROW Water Svc 97.08
2,255.37
71736 1/31/2025 FEDEX 8-736-76009 Jan'25 Express Delivery Svcs 13.37 8-750-16435 Jan'25 Express Delivery Svcs 22.31
35.68 71737 1/31/2025 FISHER WIRELESS SERVICES, INC 086910 Jan'25 City Radio Charges 177.48 71738 1/31/2025 FRONTIER CALIFORNIA INC. 9517238930 1/14/25 Jan'25 IT Satellite Office DIA Internet 193.34 9511970823 1/1/25 Jan'25 PW Yard DIA Svc 1,005.03
9511970818 1/1/25 Jan'25 CS DIA Svc 990.00
3100109929 1/19/25 Feb'25 Spirit Park FIOS 300.98
9516798527 1/19/25 Feb'25 City Hall Rollover Lines 548.67 9516796259 1/16/25 Jan'25 Menifee PD EVPL (Live Scan) 271.87 2131666081 1/16/25 Jan'25 West Annex FIOS Svc 300.98
3231591679 1/10/25 Jan'25 Senior Center FIOS Svc 150.98 3231609666 1/7/25 Jan'25 PD FIOS Svc 615.18
9511970334 1/7/25 Jan'25 Fire Station 5 DIA Svc 904.17
9511970820 1/7/25 Jan'25 Lazy Creek DIA Svc 990.00
9516792323 1/6/25 Jan'25 PW Yard FIOS Svc 880.99
7,152.19
71739 1/31/2025 FUN EXPRESS LLC 73555712601 CS Tiny Tots Supplies 348.70
Item Title: 10.2
Warrant Register
Item Page Number: 8
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Voucher Date Vendor Invoice Number PO # Description Amount 71740 1/31/2025 GALLS, LLC 030133140 PD Uniforms 108.30 030263061 CE Uniforms 118.37
030127780 PD Uniforms 220.23
446.90
71741 1/31/2025 HOME DEPOT CREDIT SERVICES 6541299 PW Fleet Materials/Supplies 74.61 71742 1/31/2025 IMPERIAL SPRINKLER SUPPLY 0019101010-001 CS Irrigation Supplies 304.24 0019101871-001 CS Irrigation Supplies 41.64
0019115546-001 CS Irrigation Supplies 247.14
0019115554-001 CS Irrigation Supplies 636.50
0019122330-001 CS Irrigation Supplies 134.51
0019052498-001 CS Irrigation Supplies 154.93
0019044347-001 CS Irrigation Supplies 69.40
0019053480-002 CS Irrigation Supplies 59.75
0019053559-001 CS Irrigation Supplies 248.74
0019061792-001 CS Irrigation Supplies 175.19
0019062609-001 CS Irrigation Supplies 260.28
0019064611-001 CS Irrigation Supplies 82.85
0019066935-001 CS Irrigation Supplies 139.56
0019067868-001 CS Irrigation Supplies 416.01
0019074347-001 CS Irrigation Supplies 5.02
0019076373-001 CS Irrigation Supplies 229.16
0019082804-001 CS Irrigation Supplies 51.39
0019082830-001 CS Irrigation Supplies 13.88
3,270.19
71743 1/31/2025 INLAND EMPIRE MAGAZINE INV52711 25100513 Inland Empire Magazine Feb 2025 Issue 2,095.00 71744 1/31/2025 JOLLY JUMPS 111124 25100279 CS Veteran's Day Chair Rental 429.00 71745 1/31/2025 LOWES 970518 -OIMYEW PW Materials/Supplies 153.83 970756 -OIMYFC CS Facilities Materials/Supplies 32.99
970714 -OIMYFB CS Facilities Materials/Supplies 76.06
972423 -OIMYFT PD Facilities Materials/Supplies 103.27
970528 -OIMYEX CS Parks Supplies 213.64
982744 -OHYXRC CS Facilities Maint 101.39
986861 -OIDCYF CS Menifee Recycles Event Storage 93.86
985276 -OIDCXV PW Materials/Supplies 191.74
966.78
71746 1/31/2025 MENIFEE CAR WASH COM-DEC2024 Fire Vehicle Maintenance 16.76
Item Title: 10.2
Warrant Register
Item Page Number: 9
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March 5, 2025
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Voucher Date Vendor Invoice Number PO # Description Amount 71747 1/31/2025 MISC. VENDOR 903082224R Refund NFL Flag Football League 2024 Season 80.00 71748 1/31/2025 NATIONAL AUTO FLEET GROUP WF8783 24100152 PW Vehicle Purchase 2023 F450 Stencil Truck 158,194.94 71749 1/31/2025 PACIFIC PREMIER BANK 10160 Retention Release Into Escrow- Riverside CO INV 22 13,073.70 71750 1/31/2025 PACIFIC PRODUCTS & SVCS. LLC 35343 PW Street Materials/ Supplies 259.91 71751 1/31/2025 PRIME WINDOW FILMS, LLC 1390087514 IT Window Tint/Install 946.40 71752 1/31/2025 PRUDENTIAL OVERALL SUPPLY 23755345 Fleet Pro Cleaning SVCS 43.91 23755343 P/W Uniform Cleaning SVCS 416.68
460.59
71753 1/31/2025 R&R BUSINESS SOLUTIONS 9271 Printing Svcs-Business Cards 97.11 71754 1/31/2025 RCX SPORTS LLC 000042859-1 25100064 CS Rec City Flag Football League Jerseys 3,409.40 71755 1/31/2025 REFUND CUSTOMERS 10008 Deposit Refund Lazy creek Multipurpose Room 400.00 71756 1/31/2025 REFUND CUSTOMERS 25001292 Lazy Creek facility rental deposit refund 200.00 71757 1/31/2025 REFUND CUSTOMERS 25001290 Facility KCSC Palm Room rental deposit refund 200.00 71758 1/31/2025 REFUND CUSTOMERS 25001286 Facility KCSC Palm Room rental deposit refund 200.00 71759 1/31/2025 REFUND CUSTOMERS 10010 Deposit Refund KCSC Palm Room 188.00 71760 1/31/2025 REFUND CUSTOMERS 10009 Deposit Refund KCSC Palm Room 200.00 71761 1/31/2025 RIVERSIDE COUNTY RECORDER Dec'24 CODE Dec'24 Code Enf Releases 40.00 Dec'24 PLN 25100093 Dec'24 PLN Proj Recording 100.00
140.00
71762 1/31/2025 RIVERSIDE HABITAT CONSERVATION 9887 SKR Fees-Nov'24 38,750.00 71763 1/31/2025 ROGERS, ANDERSON, MALODY 76394 25100534 Progress Bill FY Jun'24-Nov'24, Financial Audit 20,000.00 76779 25100534 Progress Bill FY Jun'24 City Audit Svcs Dec'24 8,270.00 28,270.00
71764 1/31/2025 SAFE FAMILY JUSTICE CENTER 9932 25100426 FY24/25 CDBG Safe Fam Ctr Req #1 & 2 6,502.97 71765 1/31/2025 SH-MENIFEE, LLC F0452 25100535 IT Fairfield All Staff Cybersecurity Training 3,000.00
Item Title: 10.2
Warrant Register
Item Page Number: 10
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March 5, 2025
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Voucher Date Vendor Invoice Number PO # Description Amount 71766 1/31/2025 SHI INTERNATIONAL CORP. B19261799 25100526 IT Veeam Advanced Licenses 12,133.92 71767 1/31/2025 SOBEK, LESA 10179 Mileage Reimb 7/18/24 - 9/5/24 150.08 10180 Mileage Reimb 9/24/24 - 10/24/24 73.03
10181 Mileage Reimb 10/26/24 - 12/11/24 75.04
298.15
71768 1/31/2025 SOUTHERN CALIFORNIA EDISON 700921779930 1/23/25 Dec'24 Hidden Hills CFD2012-2 Streetlights 116.88 700021216873 1/24/25 Jan'25 CSA 145 Irrigation Svc 708.26 700549826154 1/27/25 Dec'24 Newport Rd Sgnl & Streetlighting Svcs 721.39 700793499147 1/27/25 Jan'25 Fund 490 CFD 2012-1 AMR ROW Landscaping 34.31 700145838534 1/28/25 Jan'25 PD Sub Station Electrical 274.72 700578241393 1/21/25 Dec'24 City Hall Electric Svc 5,551.42 700318765585 1/21/25 Jan'25 Newport Rd/ AMR CFD 2012-1 Sgnl Svc 241.11 7,648.09
71769 1/31/2025 SOUTHERN CALIFORNIA GAS, COMPANY 04777071053 1/23/25 Jan'25 Fire Station #7 Gas Svc 279.60 04592559506 1/23/25 Jan'25 Cherry Hills Gas Svc 16.27
07102395139 1/23/25 Jan'25 PW Yard Gas Svc 232.82
00812582732 1/24/25 Jan'25 Lazy Creek Rec Gas Svc 5.42
06482583348 1/24/25 Jan'25 West Annex/Senior Ctr Gas Svc 151.50 06902583878 1/24/25 Jan'25 North Annex Gas Svc 407.49
09193496727 1/24/25 Jan'25 PD (Bldg A) Gas Svc 31.88
18643610217 1/24/25 Jan'25 PD (Bldg B) Gas Svc 92.56
1,217.54
71770 1/31/2025 SOUTHERN CALIFORNIA PERMANENTE, MEDICAL GRP. 1001606857 Physical Exams Acct 220902439956 1,125.00 71771 1/31/2025 SPECIALISTS INC. PAPER REC. & SHREDDING 590325 Document Shredding Svcs 247.00 71772 1/31/2025 STATE OF CALIFORNIA 791509 PD-Blood Alcohol Analysis 315.00 789434 PD Finger Printing Svcs 784.00
790069 PD-Finger Printing Svcs 294.00
1,393.00
71773 1/31/2025 SUN CITY HARDWARE 6726777 1/2/2025 CS & PW Supplies 682.53 71774 1/31/2025 SYMBOLARTS,LLC 0516530 25100464 PD Supplies 2,421.94 71775 1/31/2025 TYLER TECHNOLOGIES, INC 045-502307 24100113 ERP Financial Migration Jan 16, 2025 1,600.00 045-501256 24100113 ERP FIN Migration Jan 2025 5,600.00 7,200.00
71776 1/31/2025 VERIZON WIRELESS 9979433320 Nov'24 PD Mobile Charges 9,454.53
Item Title: 10.2
Warrant Register
Item Page Number: 11
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March 5, 2025
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Voucher Date Vendor Invoice Number PO # Description Amount 71777 1/31/2025 WILLIAMS, GERALD 2025-103 25100521 CS Youth Basketball Officials 560.00 71778 1/31/2025 WORLDPAC INC 34588065 PW Vehicle Maintenance 104.27 34609790 PD Vehicle Maintenance 34.02
138.29
100 Vouchers in this report Total Vouchers 5,883,087.49
Item Title: 10.2
Warrant Register
Item Page Number: 12
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March 5, 2025
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Voucher List
City of Menifee
Voucher Date Vendor Invoice Number PO # Description Amount 801196 2/7/2025 4LEAF, INC. J0815-24A 25100123 B&S As Needed Permit Tech Svcs. 23,180.18 801197 2/7/2025 ADORAMA INC 35931610 25100484 Communications Equipment Purchase List 73.03 35975751 25100484 Communications Equipment Purchase List 37.95 35956741 25100484 Communications Equipment Purchase List 188.12 299.10
801198 2/7/2025 AFS PRINTING 67890 25100450 CS Basketball League Uniforms 5,424.04 801199 2/7/2025 AMAZON CAPITAL SERVICES, INC. 1WNH-KKLH-GMFF CS Sports Basketball Scoreboards 1,000.48 1CCG-JQDC-HHCP B&S Materials/Supplies 43.37
1CW3-PCHX-MGQK CS Lazy Creek Teen Activity 185.33
1DGT-TC7P-MRHK CS Hidden Hills Park Deadbolt 90.23
1LNR-M63P-FVG4 City Clerk Reserved Chair Signs 100.02
1QLV-F369-MV4Y CS Parks Maintenance Trailer Tool Rack 80.46 1VPR-TQ9Y-LND1 PW Street Tow Strap 141.58
14RV-Y3GM-MPCV CS KC Center Fire Lane Stencil 47.84
19T6-WHTT-MDKW IT 4K HDMI Adapter 13.99
11CC-3HW6-NLCK HR Risk Office Supplies 58.05
1M1J-M134-4HRJ CS Banner Park Door Closer 567.88
1D99-W77J-7DLM CS Cultural Arts-Art-A-Faire Supplies 127.27 1LTV-MLCW-HPVP IT/Comm Airpods/USB-C Charge Cable 209.87 1P9J-TQFK-3QRN HR/Risk Office Supplies 54.26
1CD4-1KN7-31GD IT Sympathy Card 8.16
1JKY-DTGP-3FXJ CS Facilities Numbered Asset Labels 163.44 1PMN-9MJ6-17VM PD Hand Sanitizer 29.59
11G4-4NLM-4QKR PD Facilities Outdoor Sun Shade Sail 230.52 1KJT-4Q3L-FGVL CS Banner Park Faucet Repair 116.50
1GYT-P3FN-PL7X HR Small Tools/Field Equip 145.23
1NF4-RNNH-RCVC CS Lazy Creek Mighty Me Supplies 218.11
139F-6YPW-RNR3 PW Street Materials/Supplies 74.69
1DGT-TC7P-1MKP PW Street Materials/Supplies 398.29
113C-TTTW-6467 CS Parks Baseball Base Plugs 35.88
1QMM-DCMR-KDRV PD Supplies 30.99
4,172.03
801200 2/7/2025 AMERICAN FORENSIC NURSES, INC 79252 25100154 PD Forensic Services 1,800.00 801200 2/7/2025 AMERICAN FORENSIC NURSES, INC 79319 25100154 PD Forensic Services 80.00
Item Title: 10.2
Warrant Register
Item Page Number: 13
Menifee Mayor and City Council
March 5, 2025
Page
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Voucher Date Vendor Invoice Number PO # Description Amount 801201 2/7/2025 ANIMAL FRIENDS OF THE VALLEY FEB 2025 25100153 Feb'25 Animal Field Services 19,500.00 801202 2/7/2025 ANSER ADVISORY MANAGEMENT, LLC 27973 24100301 Labor Compliance svcs ATP Romoland Grid Area 519.15 27974 24100301 Labor Compliance svcs Romoland Grid Area 3rd St 207.66 29208 24100301 Nov24 Labor Compliance svcs for CIP23-04 311.49 1,038.30
801203 2/7/2025 B&H PHOTO-VIDEO & ELECTRONICS 230919393 IT Small Tools/Field Equip 1,064.43 801204 2/7/2025 C BELOW, INC 4116 24100297 Subsurface Inspection svcs Goetz/Menifee RD Signal 4,405.00 801205 2/7/2025 CMS MOBILE GLASS SHOP LLC. 6428 PD Vehicle Maintenance 140.00 801206 2/7/2025 D.R. BECHTER CONSULTING INC. 14-002-436 25100034 Jan24 On Call Construction Inspection 5,437.50 801207 2/7/2025 DENNIS JANDA, INC. 16858 24100267 Survey Svcs Goetz/Vista/ Menifee RD/ Fire Sta 76 3,000.00 16935 25100463 Surveying for Evans Rd/Craig Ave Traffic Signal 6,135.00 9,135.00
801208 2/7/2025 DOKKEN ENGINEERING 48209 24100307 Dec24 Design svcs Romoland Elementary prj 2,390.00 48210 24100310 Dec24 Design svcs Havest Valley 927.50
48183 24100279 Dec24 Design Svcs McCall BLVD and 215 8,875.00 47980 24100307 Nov24 Design SVCS Romoland Elem. School ATP 3,291.50 48171 25100372 Dec24 ROW design Svcs Civic Center Parking Lot 3,095.00 18,579.00
801209 2/7/2025 FIRSTCARBON SOLUTIONS 00077022 24100052 Dec'24 CEQA Svcs Salt Creek 4,512.50 801210 2/7/2025 GARY F. HOYT LANDSCAPE ARCHITECTURE, INC. CP-2680 25100042 Nov'24 Landscape Design Svcs 5,712.00 CP2674 25100042 Oct'24 On Call Insp & Lndscp Svcs 7,344.00 CP-2688 24100331 Oct-Dec24 Landscape Inspection Svcs Fire Station 5 1,980.00 CP-2685 25100042 Dec'24 Landscape Design Svcs 1,904.00
CP-2678 25100355 Landscape Review-TR37671 Banner Park II 1,904.00 CP-2679 24100133 On Call Inspection & Landscape Des Svcs 1,836.00 20,680.00
801211 2/7/2025 GOLDSTAR ASPHALT PRODUCTS 30895 P/W Materials / Supplies 73.77 30779 P/W Materials / Supplies 30.37
104.14
801212 2/7/2025 GRAYMAR ENVIRONMENTAL, SERVICES, INC. 121924SCA-COM 25100530 Hazmat Pickup from MOC Dec 2024 2,838.51 801213 2/7/2025 HARRIS & ASSOCIATES, INC. 66107 24100216 Tract Map Review 215.00
Item Title: 10.2
Warrant Register
Item Page Number: 14
Menifee Mayor and City Council
March 5, 2025
Page
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Voucher Date Vendor Invoice Number PO # Description Amount 801214 2/7/2025 HDL COREN & CONE SIN046951 25100022 Property Tax Consulting Svcs Jan - March 2025 3,170.00 801215 2/7/2025 HELIX ENVIRONMENTAL, PLANNING, INC 126374 24100107 CS Evans Park North Env Study 1,016.25 801216 2/7/2025 HOSPICE OF THE VALLEYS 10525 25100328 CDBG Sr. Assistance Program Req #2 4,934.59 801217 2/7/2025 INTERWEST CONSULTING GROUP INC 1127740 25100122 Dec'24 On-Call BLDG/SFTY Plan Rvw Svcs 2,252.27 801218 2/7/2025 J. SMITH & T. MULI, INC. 10670125 25100362 WQMP/Hydrology Review-Burger King 2,170.00 801219 2/7/2025 KIMLEY-HORN AND ASSOCIATES, INC. 30387155 24100306 Nov24 Design svcs Menifee HSIP Cycle 11 13,626.96 30565936 24100055 Dec'24 EDC-NG Svcs Truck-Menifee 5,310.00 18,936.96
801220 2/7/2025 MERRIMAN'S INC 120524-Behm. 25100456 Minor Home Rehabilitation Grant Program 16,090.00 801221 2/7/2025 NV5 INC 399660 24100158 Jun24 Street Improvement Rvw Vista Ridge Apts 759.64 399661 24100233 Street Improvement Review-PM38156 2,029.10 2,788.74
801222 2/7/2025 PACIFIC MOBILE STRUCTURES, INC INV-00425027 25100085 PD Locker Room Leases 3,120.04 INV-00425028 25100085 PD Locker Room Leases 3,110.25
6,230.29
801223 2/7/2025 PARADISE CHEVROLET CADILLAC 790391CVW PD Vehicle Maintenance 140.25 801224 2/7/2025 PARRON-HALL CORPORATION 45019-R 25100371 IT Office Furniture & Installation Services 593.01 801225 2/7/2025 PARSONS TRANSPORTATION GROUP,, INC. 2409C194 24100232 On Call Traffic Review Services 2,016.00 2410A652 25100384 Streetlight Review-Legado 1,638.00
2411A443 25100391 Traffic Impact Analysis Rvw-Garbani 238.00 2412A434 25100391 Traffic Impact Analysis Rvw-Garbani 1,656.00 2411A523 25100384 Streetlight Review-Legado 238.00
2412A433 25100384 Streetlight Review-Legado 476.00
6,262.00
801226 2/7/2025 PARTS AUTHORITY, LLC 070-099669 PD Vehicle Maintenance 27.19 517736 PD Vehicle Maintenance 80.02
295-223812 PD Vehicle Maintenance 85.44
295-223810 PD Vehicle Maintenance 192.35
062-000871 PD Vehicle Maintenance 27.19
063-713932 PD Vehicle Maintenance 95.85
295-224216 PD Vehicle Maintenance 105.88
450045 PD Vehicle Maintenance 125.32
Item Title: 10.2
Warrant Register
Item Page Number: 15
Menifee Mayor and City Council
March 5, 2025
Page
36 of 831
Voucher Date Vendor Invoice Number PO # Description Amount 518287 PD Vehicle Maintenance 50.66
062-018183 CSD Vehicle Maintenance 40.23
117-554263 PD Vehicle Maintenance 21.23
292-518742 CSD Vehicle Maintenance 109.03
295-224419 CSD Vehicle Maintenance 75.63
224409 PD Vehicle Maintenance 17.42
224495 CSD Vehicle Maintenance 82.72
457888 PD Vehicle Maintenance 191.70
641852 PD Vehicle Maintenance 108.28
717590 PD Vehicle Maintenance 108.28
062-024930 PD Vehicle Manitenance 37.08
070-102325 PD Vehicle Manitenance 17.04
292-519174 PD Vehicle Manitenance 6.67
461278 PD Vehicle Manitenance 33.33
295-224873 PD Vehicle Maintenance 31.32
988670 PD Vehicle Maintenance 64.68
517439 PD Vehicle Maintenance 35.02
1,769.56
801227 2/7/2025 PARTS AUTHORITY, LLC 094-364192 PD Vehicle Maintenance 5.59 159053 PD Vehicle Manitenance 6.67
12.26 801228 2/7/2025 RICK ENGINEERING 106141 24100061 Dec'24 PLN Consulting Svcs Menifee S.Gateway 9,209.04 801229 2/7/2025 RINCON CONSULTANTS, INC 62844 24100034 Dec'24 PLN On Call Svcs-Legado 2,787.25 60997 24100046 Sep-Oct'24 CEQA Svcs-Coastline 9,510.78
62406 24100047 Dec'24 CEQA Svcs Cypress Sands 2,373.00
14,671.03
801230 2/7/2025 RTM ENGINERRING CONSULTANTS, LLC 426962 24100361 Dec24 Civil Design Svcs Goetz RD 2,150.00 424869 24100361 Nov24 Civil Design Svcs Goetz Rd 5,492.08 7,642.08
801231 2/7/2025 SIGNARAMA-TEMECULA INV-28608 HR Name Plates 126.37 801232 2/7/2025 SOUTHERN CALIFORNIA NEWS GROUP 10308 Newspaper Subscription 187.95 801233 2/7/2025 SPECIAL SERVICE GROUP, LLC Q919291 PD Annual Covert Track Svcs 1,200.00 801234 2/7/2025 SSD ALARM J-701008627 25100233 Feb25 Burglar & Fire Alarm Svcs, Maint, Monitoring 1,944.22 S-01141281 25100233 Feb25 Burglar & Fire Alarm Svcs, Maint, Monitoring 472.50 2,416.72
Item Title: 10.2
Warrant Register
Item Page Number: 16
Menifee Mayor and City Council
March 5, 2025
Page
37 of 831
Voucher Date Vendor Invoice Number PO # Description Amount 801235 2/7/2025 TIME WARNER CABLE 127158101012125 Feb'25 Satellite Svcs (Various Locations) 1,157.62 801236 2/7/2025 U.S. BANK NA 14615847 Dec'24 Acct Mgmt Svcs 1,081.01 801237 2/7/2025 UEBER HAUN I, LLC 151 Feb' 2025 PD Substation Land Lease 6,263.03 801238 2/7/2025 VULCAN MATERIALS COMPANY 2613871 P/W Street Maintenace Materials 586.16 2622642 P/W Street Maintenace Materials 237.57
823.73
801239 2/7/2025 WEATHERTIGHT ROOFING INC 6406 25100458 Minor Home Rehab Grant Program 19,353.67 801240 2/7/2025 WRIGHT SEPTIC 44696 Firestation #5 Facility Maint 440.00 801241 2/7/2025 YUNEX, LLC 5610003847 Streetlight Response Call Outs Nov24 3,540.00 5610003990 Streetlight Pole Maintenance Abelia Glen 2,490.00 6,030.00
801242 2/7/2025 VALLE, ABIGAIL 10607 Dec'24 Advanced Disability Pension Payment 6,395.23 10741 Jan'25 Advanced Disability Pension Payment 6,188.93 12,584.16
71779 2/7/2025 ADAME LANDSCAPING, INC. 108493 25100103 Jan'25 Planter Area & Turf Maint. Svcs. 865.35 71780 2/7/2025 AIR & HOSE SOURCE, INC 593377 PW Materials/Supplies 36.64 595988 PW Vehicle Maintenance 174.56
211.20
71781 2/7/2025 ALLIED TRAFFIC & EQUIP. RENTAL 95191 PD Materials and Supplies 97.88 71782 2/7/2025 AMERIGAS PROPANE L.P. 3173235405 Fire Station #68 Propane Svcs 1,226.68 3172570887 Fire Station #5 Propane Svcs 1,895.10
3,121.78
71783 2/7/2025 ARROYO BACKGROUND INVESTIGATIONS 3583 25100152 PD Background Investigation Svcs 1,000.00 71784 2/7/2025 ASCENT ENVIRONMENTAL, INC 20230241.01-9 24100040 Nov-Dec'24 CEQA Svcs Garbani Rd MND 3,800.50 71785 2/7/2025 AUTOZONE INC. 06163661172 Fleet Shop Materials/Supplies 160.98 71786 2/7/2025 AZTEC JANITORIAL SERVICES J1976 25100509 PW MOC Janitorial Deep Cleaning Services 1,406.00 71787 2/7/2025 BACKFLOW TESTING BY PATRICK 2786 Facilities Backflow Testing H12685 330.00 2788 Facilities Backflow Testing B21190 585.00
Item Title: 10.2
Warrant Register
Item Page Number: 17
Menifee Mayor and City Council
March 5, 2025
Page
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Voucher Date Vendor Invoice Number PO # Description Amount 2789 Facilities Backflow Testing W035155 110.00
2800 Facilities Backflow Testing J009976 350.00
2802 Facilities Backflow Testing 850759 330.00
2808 Facilities Backflow Testing J009678 380.00
2809 Facilities Backflow Testing J010850 80.00
2810 Facilities Backflow Testing H12045 60.00
2811 Facilities Backflow Testing A18136 60.00
2813 Facilities Backflow Testing 3171953 60.00
2818 Facilities Backflow Testing H04022 60.00
2827 Facilities Backflow Testing J003195 60.00
2828 Facilities Backflow Testing 049126 60.00
2801 Facilities Backflow Testing J009971 80.00
2814 Facilities Backflow Testing 2990949 60.00
2815 Facilities Backflow Testing J000709 100.00
2812 Facilities Backflow Testing A18046 330.00
2817 Facilities Backflow Testing A14766 60.00
2819 Facilities Backflow Testing ABA59547 60.00
2820 Facilities Backflow Testing J018634X 60.00
2821 Facilities Backflow Testing J150376 60.00
2823 Facilities Backflow Testing 480857 60.00
2825 Facilities Backflow Testing J108157 60.00
2837 Facilities Backflow Testing 314731 60.00
2826 Facilities Backflow Testing 34290 110.00
3,625.00
71788 2/7/2025 BACKFLOW TESTING BY PATRICK 2793 Facilities Backflow Testing A09942 60.00 2794 Facilities Backflow Testing H00746 60.00
2795 Facilities Backflow Testing 1309089 60.00
2796 Facilities Backflow Testing A04026 60.00
2797 Facilities Backflow Testing H007895 60.00
2799 Facilities Backflow Testing J010857 60.00
2831 Facilities Backflow Testing 4329008 60.00
2816 Facilities Backflow Testing J010035 60.00
2824 Facilities Backflow Testing 789821 60.00
2829 Facilities Backflow Testing 3019159 60.00
2830 Facilities Backflow Testing 4683829 60.00
2832 Facilities Backflow Testing 3680342 60.00
2833 Facilities Backflow Testing N26023 60.00
2834 Facilities Backflow Testing A175632 60.00
2835 Facilities Backflow Testing 970308 60.00
2836 Facilities Backflow Testing 3593061 60.00
2803 Facilities Backflow Testing J006263 60.00
2804 Facilities Backflow Testing J007208 60.00
Item Title: 10.2
Warrant Register
Item Page Number: 18
Menifee Mayor and City Council
March 5, 2025
Page
39 of 831
Voucher Date Vendor Invoice Number PO # Description Amount 2805 Facilities Backflow Testing H001237 60.00
2806 Facilities Backflow Testing J000101 60.00
2807 Facilities Backflow Testing ACF9645 60.00
2787 Facilities Backflow Testing 005112 60.00
2790 Facilities Backflow Testing H07040 60.00
2791 Facilities Backflow Testing J020185 60.00
2792 Facilities Backflow Testing J003201 60.00
1,500.00
71789 2/7/2025 BACKFLOW TESTING BY PATRICK 2798 Facilities Backflow Testing ACL1159 60.00 71790 2/7/2025 BATTERY WORX INC. 143423 PD Vehicle Maintenance 506.01 143027 Wind Event Supplies 1,636.03
2,142.04
71791 2/7/2025 BIO-TOX LABORATORIES INC 46914 25100025 PD Blood Alcohol Analysis 6,824.00 71792 2/7/2025 CAL TRUE VALUE 006301/1 CS Facilities Maint 33.34 006332/1 CS Parks Supplies 50.18
006342/1 CS Materials/Supplies 58.76
006352/1 CS Facilities Maint 49.59
006355/1 CS Facilities Maint 34.05
006358/1 CS Facilities Maint 12.71
006361/1 CS Facilities Maint 44.32
006340/1 CS Facilities Maint 43.51
006317/1 Supplies 36.43
006318/1 Supplies 56.71
006322/1 Supplies 30.02
006323/1 Supplies 44.00
006324/1 Supplies 48.51
006325/1 Supplies 89.79
006326/1 Supplies 27.38
006327/1 Supplies 110.58
006328/1 Supplies 25.70
006329/1 Supplies 24.81
006330/1 Supplies 35.68
006333/1 Supplies 83.91
006334/1 Supplies 53.82
993.80
71793 2/7/2025 CALIF. ASSOC. FOR LOCAL 300005963 CALED Membership Dara R. FY25 120.00
Item Title: 10.2
Warrant Register
Item Page Number: 19
Menifee Mayor and City Council
March 5, 2025
Page
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Voucher Date Vendor Invoice Number PO # Description Amount 71794 2/7/2025 CALIFORNIA HIGHWAY PATROL 0000001620218 24100019 Aug24 Zone Enhanced Enforcement Program 16,011.61 0000001620220 24100019 Sept24 Zone Enhanced Enforcement Program 4,190.92 20,202.53
71795 2/7/2025 CAZCOM, INC 41179 25100438 PD Radios Supplies 49,417.78 71796 2/7/2025 CHAMBERS GROUP, INC 37429 24100048 Aug'24 CEQA Svcs Oak Hills 18,604.25 71797 2/7/2025 COLANTUONO, HIGHSNMITH & WHATLEY, PC 63398 Legal Svcs Richland Communities Project Retainer 826.50 71798 2/7/2025 CRIME SCENE STERI-CLEAN LLC 643 PD Biohazard Clean Up Svcs 850.00 646 PD Biohazard Clean Up Svcs 300.00
1,150.00
71799 2/7/2025 DIRECTV, LLC 004016741X250116 Jan'25 Firestation #7 Satellite Svc 135.24 71800 2/7/2025 EASTERN MUNICIPAL WATER DIST. 500778348 1/22/25 Jan'25 CFD 2017-1, Zone 1 Town Center 85.06 500789284 1/22/25 Jan'25 Landsview Way Water Svc 65.53
500072807 2/4/25 Jan'25 PD HQ Water Svc 335.29
500072808 2/4/25 Jan'25 PD HQ Water Svc 156.12
500084101 2/4/25 Jan'25 City Hall Water Svcs 565.62
500088856 2/4/25 Jan'25 PD HQ Water Svcs 100.37
500163451 2/4/25 Jan'25 P/W MOC Water Svc 349.16
500536777 2/4/25 Jan'25 Air Gar Const Water Svc 214.97
500555317 2/4/25 Jan'25 Cherry Hills Water Svc 189.32
2,061.44
71801 2/7/2025 FRANCE MEDIA, INC. 2025-73075 25100538 Interface Inland Empire Conf Marketing Exhibit 2,500.00 71802 2/7/2025 FRONTIER CALIFORNIA INC. 9517238262 1/12/25 Jan'25 PD HQ Fax Line 96.83 71803 2/7/2025 GALLS, LLC 030162710 PD Uniforms 148.08
71804 2/7/2025 GLASS AMERICA (CALIFORNIA) LLC 7097236 PD Vehicle Maintenance 645.49 71805 2/7/2025 GOSCH FORD OF TEMECULA 3179947 PW Street Vehicle Maintenance 19.10 71806 2/7/2025 HANK'S HARDWARE & LUMBER INC. 498790 CS Facilities Key & Lock Replacements 430.39 71807 2/7/2025 HOME DEPOT CREDIT SERVICES 6525634 CS Small Tools/Field Equip 83.81 6515835 PW Materials/Supplies 70.11
153.92
Item Title: 10.2
Warrant Register
Item Page Number: 20
Menifee Mayor and City Council
March 5, 2025
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Voucher Date Vendor Invoice Number PO # Description Amount 71808 2/7/2025 IMPERIAL SPRINKLER SUPPLY 0019160821-001 CS Irrigation Supplies 55.51 0018767289-001 CS Irrigation Supplies 912.72
0019172052-001 CS Irrigation Supplies 26.69
0019172379-001 CS Irrigation Supplies 50.09
0019173000-001 CS Irrigation Supplies 291.13
0019175898-001 CS Irrigation Supplies 556.21
0019187267-001 CS Irrigation Supplies 6.14
1,898.49
71809 2/7/2025 INTERNATIONAL ECONOMIC 2920762041113 IEDC Group 3-5 seats Membership Renewal 2025 1,125.00 71810 2/7/2025 LOWES 976398 -OIQVHL Fire Station 5 Furniture/Equip 599.73 980703 -OIYVMF PD Facilities Maint 330.51
992121 -OJFIZD CS Facilities Materials/Supplies 148.15
1,078.39
71811 2/7/2025 MENIFEE VALLEY COMM. CUPBOARD 10257 25100380 FY24-25 Menifee Valley Cmty Cupbrd Reimb #1 20,237.00 71812 2/7/2025 RIVERSIDE COUNTY GANG INVESTIGATION ASSOC. 1-22-2025 PD Training/Conference 1,440.00 71813 2/7/2025 O'REILLY AUTO PARTS 4746-211254 PD Vehicle Maintenance 31.28 4746-211174 PW Equipment Maintenance 123.84
4746-211913 PD Vehicle Maintenance 214.21
4746-213227 PW Equipment Maintenance 109.49
4746-199417 Credit Item Returned (22.83)
4746-211175 PW Street Materials/Supplies 45.54
501.53
71814 2/7/2025 OLD TOWN WISE RIDERS, INC 195449 Outsourced Fleet Repairs 1,521.77 195061 Outsourced Fleet Repairs 172.91
1,694.68
71815 2/7/2025 PACIFIC PRODUCTS & SVCS. LLC 35375 25100505 PW Street Name Signs Purchase 7,261.24 71816 2/7/2025 PACIFIC SAFETY CENTER 86485 Membership Renewal 185.00 71817 2/7/2025 PRISTINE UNIFORMS, LLC 617 PD Uniforms 360.97 612 PD Uniform 868.83
616 PD Uniforms 377.29
621 PD Uniform 188.12
1,795.21
Item Title: 10.2
Warrant Register
Item Page Number: 21
Menifee Mayor and City Council
March 5, 2025
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Voucher Date Vendor Invoice Number PO # Description Amount 71818 2/7/2025 PRUDENTIAL OVERALL SUPPLY 23758305 P/W Uniform Cleaning SVCS 421.97 23758306 Fleet Pro Cleaning SVCS 43.91
465.88
71819 2/7/2025 R&R BUSINESS SOLUTIONS 9279 Printing Svcs-City Council Name Badges 69.57 9278 Printing Svcs-Name Plates 71.90
9280 Printing Svcs-Fire Marshal 267.64
9281 Printing Svcs-Business Cards 97.11
9282 Printing Svcs-Business Cards 97.11
603.33
71820 2/7/2025 REFUND PERMITS/LICENSES 10342 Refund Cash Bond Erosion CTRL GP23-016 5,000.00 71821 2/7/2025 REFUND PERMITS/LICENSES 10347 Building Permit Refund PMT22-06134 2,000.00 71822 2/7/2025 SAFE AND SECURE LOCKSMITH, SERVICES 56500 Fire Station 5 Facilities Maint 38.06 56467 PD Station Facilities Maint 380.31
418.37
71823 2/7/2025 SAN BERNARDINO CO, SHERIFF'S DEPT 25-113-008AOT PD Training 362.00 25-113-009AOT PD Training 900.00
25-113-015AOT PD Training 375.00
25-113-014AOT PD Training 125.00
1,762.00
71824 2/7/2025 SCMAF 25-MEM-MENIFEE SCMAF Annual Membership 425.00 71825 2/7/2025 SESAC PERFORMING RIGHTS, LLC 10790556 25100550 CS Music License for events 2,886.00 71826 2/7/2025 SIGNS BY TOMORROW 33831 Public Hearing Sign 891.75 33834 Public Hearing Sign 594.50
1,486.25
71827 2/7/2025 SOUTHERN CALIFORNIA EDISON 700449636167 1/24/25 Dec'24 Fire Stations Electrical Svcs 3,171.77 700178388906 1/28/25 Dec'25 City Signal Svc 630.12
700325024513 1/31/25 Jan'25 P/W MOC Electrical Svc 405.88 700035766267 1/31/25 Jan'25 CSA 33 Street Light Svc 141.69 700285086781 1/31/25 Jan'25 CSA 145 Irrigation Svc 84.26 700316479116 1/31/25 Jan'25 Menifee Rd TC-1 Signal Svc 112.15 700249783128 2/3/25 Jan'25 LLMD ZONE 167 Safety Light Svc 73.78 700274062026 2/3/25 Jan'25 City Streetlight Svc 213.54
700362876640 2/3/25 Jan'25 CFD 2012-1 AMR Streetlight Svc 175.30 700413389590 2/3/25 Jan'25 CSA 80 Streetlights 222.26
700548135223 2/3/25 Jan'25 CSA 84 Streetlight Svc 34.51
Item Title: 10.2
Warrant Register
Item Page Number: 22
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March 5, 2025
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Voucher Date Vendor Invoice Number PO # Description Amount 700582740779 2/3/25 Jan'25 CSA 84 Streetlight Svc 41.46 700757936018 2/3/25 Jan'25 Rouse Rd/Murrieta Rd Signal Svc 115.62 700851568401 2/3/25 Jan'25 Primrose at Pacific Mayfield TR28789 Street 74.87 700055057749 2/4/25 Jan'25 2015-2 Annexation #12 Traffic Signal Svc 87.14 700351649393 2/4/25 Jan'25 Briggs Rd Signal Svc 202.02
700528318931 2/4/25 Jan'25 City Signal Svc 467.32
700589354664 2/4/25 Jan'25 McCall TC-1 Signal Svc 128.29 700795574745 2/4/25 Jan'25 CFD2012-1 AMR Streetlights 57.79 6,439.77
71828 2/7/2025 SOUTHERN CALIFORNIA GAS, COMPANY 11704254041 1/23/25 Jan'25 Fire Station #5 Gas Svcs 29745 Goetz Rd 54.37 71829 2/7/2025 SPARKLETTS 22314406 012325 City Facilities Bottled Water Supply 1,542.82 71830 2/7/2025 SPECIALISTS INC. PAPER REC. & SHREDDING 592320 City Hall Shredding Svcs 125.00 592321 PD Substation Shredding Svcs 75.00
587407 City Hall Shredding Svcs 115.00
315.00
71831 2/7/2025 TOMMY'S EXPRESS CARWASH 10564 Jan25 City Vehicle Maintenance 329.00 71832 2/7/2025 TOYOTA OF HEMET 2149296 PW Vehicle Maintenace 137.08 71833 2/7/2025 TYLER TECHNOLOGIES, INC 045-503118 24100113 ERP Migration Support SVCS 1,600.00 71834 2/7/2025 ULINE, INC 188168015 P/W Materials/Supplies 176.76 71835 2/7/2025 UNITED RENTALS 240348960-002 25100295 Portable Generator for Holland Overpass Signals 2,022.75 240348960-003 25100295 Portable Generator for Holland Overpass Signals 2,022.75 243220077-001 PW Equipment Rental 207.71
4,253.21
71836 2/7/2025 US ARMOR CORPORATION 48591 PD Uniforms 986.40 71837 2/7/2025 VA AIR CONDITIONING AND HEATING 1602 25100083 Minor Home Rehab Grant Program 360.00 71838 2/7/2025 VERIZON WIRELESS 6101853352 Dec'24 PD Mobile Charges 10,251.89 71839 2/7/2025 WEST TOW 25-141691 PD Vehicle Towing Svcs 130.00
Item Title: 10.2
Warrant Register
Item Page Number: 23
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March 5, 2025
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Voucher Date Vendor Invoice Number PO # Description Amount 71840 2/7/2025 WORLDPAC INC 34678602 PW Vehicle Maintenance 112.60 34999122 PW Vehicle Maintenance 52.13
35127176 PD Vehicle Maintenance 76.83
35305476 PD Vehicle Maintenance 116.36
357.92
71841 2/7/2025 YOUNGBLOOD & ASSOCIATES, INC 2444A 25100160 PD Polygraph Services 350.00 2447A 25100160 PD Polygraph Services 350.00
2449A 25100160 PD Polygraph Services 350.00
1,050.00
71842 2/7/2025 SOUTHERN CALIFORNIA EDISON 700381274106 1/22/25 Jan'25 Centennial Park Electric Svcs 3,485.01 700354571622 1/23/25 Dec'24 CFD 2017-1 Streetlight / Irrigation Svc 1,160.67 4,645.68
111 Vouchers in this report Total Vouchers 479,370.67
Item Title: 10.2
Warrant Register
Item Page Number: 24
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March 5, 2025
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Date Paid by: Payee Description Amount
1/31/2025 ACH/Checks City Payroll Payroll Period 1/11/2025-1/24/2025 1,271,440.25$ 1/31/2025 ACH Mission Square Payroll Period 1/11/2025-1/24/2025 4,522.97$ TOTAL PAYROLL: 1,275,963.22$
Date Paid by: Payee Description Amount
2/1/2025 Wire Chandler Asset Management January 2024 Investment Fees 7,805.71$ 2/3/2025 ACH Openedge Credit Card Processing Fees January 2025 18,460.04$ 2/3/2025 ACH Cardpointe Credit Card Processing Fees January 2025 1,571.86$ 2/4/2025 ACH CA Dept of Tax & Fee Adminstration Sales & Use Tax Return Payment 2024 4,166.00$ 2/4/2025 ACH CALPERS - Retirement Payroll Period 11/30/2024 - 12/13/2024 142,089.45$ 2/4/2025 ACH CALPERS - Retirement Payroll Period 11/30/2024 - 12/13/2024 192,997.35$ TOTAL OTHER EFTs: 367,090.41$
TOTAL PAYMENTS: 1,643,053.63$
Payroll Register, Taxes and Other EFTs/Wires
City of Menifee
March 5, 2025
Item Title: 10.2
Warrant Register
Item Page Number: 25
Menifee Mayor and City Council
March 5, 2025
Page
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Check Number Check Date Check Type Vendor Name Void Date Total 800955 12/20/2024 Void BMW Motorcycles of Riverside 1/6/2025 604.63 71497 12/20/2024 Void International Economic Development Council 1/7/2025 1,125.00 801008 1/10/2024 Void BMW Motorcycles of Riverside 1/15/2025 604.63 70391 8/30/2024 Void Brittany Williams 1/27/2025 80.00
71509 12/20/2024 Void Jehovah's Witnesses 1/29/2025 2,000.00 71657 1/17/2025 Void Jehovah's Witnesses 1/29/2025 5,000.00 71565 1/10/2024 Void International Economic Development Council 1/31/2025 1,125.00 Total Voids: 10,539.26
AP Void Check Listing
As of 1/31/25
Item Title: 10.2
Warrant Register
Item Page Number: 26
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March 5, 2025
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CITY OF MENIFEE
SUBJECT: Treasurer's Report - December 2024
MEETING DATE: March 5, 2025
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 December 31, 2024.
DISCUSSION
Attached is the signed monthly Treasurer’s Report for cash and investments as of December 31, 2024, and 4 th Quarter (October 2024 – December 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 Cty 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. 4th Quarter Review (October 2024 – December 2024) Investment Summary With a favorable interest market throughout the period in review, the City’s investment portfolio continued to perform strongly during the 4 th 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 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 4 th quarter of 2024, the City continued to participate in the Local Agency Investment Fund (LAIF) and the California Asset Management Program (CAMP) investment pool programs.
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 1
Menifee Mayor and City Council
March 5, 2025
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City of Menifee Staff Report
Treasurer's Report - December 2024
March 5, 2025
2 5
9 3
Also, during the 4th 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 December 31, 2024 CAMP’s rate was 4.73% while LAIF’s rate was 4.434%. The quarter ending December 31, 2024 produced the following results: CAMP accrued $917,977.45 in cash dividends and income. LAIF accrued $134,918.29 interest. On the longer-term investment component of the portfolio, Chandler accrued $791,752.14 interest during the quarter ending December 31, 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 4 OVERALL INVESTMENT PORTFOLIO PERFORMANCE Investment
Portfolio
Investment Type/
Investment Category
Beginning
Market Value
10/1/2024
Ending Market
Value
12/31/2024
Investment Returns
(Cash Dividends/
Interest)
CAMP Pool/ Short-Term 81,235,260.45 72,153,237.90
917,977.45
LAIF Pool/ Short-Term 11,376,869.39 11,511,787.68
134,918.29
Chandler Asset
Management
City Investments/ Long-Term
130,857,091.43 129,720,974.05 791,752.14
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 as of December 31, 2024
2. CAMP Statements October 2024
3. CAMP Statements November 2024
4. CAMP Statements December 2024
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 2
Menifee Mayor and City Council
March 5, 2025
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City of Menifee Staff Report
Treasurer's Report - December 2024
March 5, 2025
2 5
9 3
5. LAIF Monthly Statement October 2024
6. LAIF Monthly Statement November 2024
7. LAIF Monthly Statement December 2024
8. Chandler Investment Statement October 2024
9. Chandler Investment Statement November 2024
10. Chandler Investment Statement December 2024
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 3
Menifee Mayor and City Council
March 5, 2025
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Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 4
Menifee Mayor and City Council
March 5, 2025
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City of Menifee
ACCOUNT STATEMENT
For the Month Ending
October 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 11/11/2024 for Veterans Day.
CAMP will be closed on 11/28/2024 for Thanksgiving 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: 10.3
Treasurer's Report - December 2024
Item Page Number: 5
Menifee Mayor and City Council
March 5, 2025
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For the Month Ending October 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
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 ("PFMAM") is a division of U.S. Bancorp Asset Management, Inc. ("USBAM"), a SEC-registered investment adviser. USBAM is direct subsidiary of U.S. Bank National Association ("U.S. Bank") and an indirect subsidiary of U.S. Bancorp. U.S. Bank is not responsible for and does not guarantee the products, services or performance of PFMAM. PFMAM maintains a written disclosure statement of our background and business experience. If you would like to receive a copy of our current disclosure statement, please contact Service Operations at the address below.
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 USBAM's affiliate, U.S. Bancorp Investments, Inc. which is registered with the SEC as a broker/dealer and is a member of the Financial Industry Regulatory Authority (“FINRA”) and the Municipal Securities Rulemaking Board (“MSRB”). You may reach the FINRA by calling the FINRA Hotline at 1-800-289-9999 or at the FINRA website address
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: 10.3
Treasurer's Report - December 2024
Item Page Number: 6
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March 5, 2025
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For the Month Ending October 31, 2024Account Statement - Transaction Summary City of Menifee - City of Menifee - 4037-001
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
81,235,260.45
326,502.37
(6,000,000.00)
0.00 $75,561,762.82
CAMP Pool
Unsettled Trades 0.00
326,502.37 Cash Dividends and Income
October 31, 2024 September 30, 2024
Asset Summary
CAMP Pool 75,561,762.82 81,235,260.45
$75,561,762.82 $81,235,260.45 Total
Asset Allocation
100.00%
CAMP Pool
Account 4037-001 Page 1PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 7
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March 5, 2025
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For the Month Ending October 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
81,235,260.45 Opening Balance
10/08/24 10/08/24 Redemption - Outgoing Wires 1.00 (6,000,000.00) 75,235,260.45 10/31/24 11/01/24 Accrual Income Div Reinvestment - Distributions 1.00 326,502.37 75,561,762.82 75,561,762.82
75,561,762.82
75,561,762.82
76,600,631.49
1,437,409.30
0.00 (33,000,763.88)
31,437,409.30
77,125,117.40
326,502.37
75,561,762.82
0.00 (6,000,000.00)
326,502.37
81,235,260.45
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
October July-October
5.03%
Account 4037-001 Page 2PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 8
Menifee Mayor and City Council
March 5, 2025
Page
55 of 831
City of Menifee
ACCOUNT STATEMENT
For the Month Ending
November 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 12/25/2024 for Christmas Day.
CAMP will be closed on 01/01/2025 for New Year's 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: 10.3
Treasurer's Report - December 2024
Item Page Number: 9
Menifee Mayor and City Council
March 5, 2025
Page
56 of 831
For the Month Ending November 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
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 ("PFMAM") is a division of U.S. Bancorp Asset Management, Inc. ("USBAM"), a SEC-registered investment adviser. USBAM is direct subsidiary of U.S. Bank National Association ("U.S. Bank") and an indirect subsidiary of U.S. Bancorp. U.S. Bank is not responsible for and does not guarantee the products, services or performance of PFMAM. PFMAM maintains a written disclosure statement of our background and business experience. If you would like to receive a copy of our current disclosure statement, please contact Service Operations at the address below.
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 distributed by representatives of USBAM's affiliate, U.S. Bancorp Investments, Inc. which is registered with the SEC as a broker/dealer and is a member of the Financial Industry Regulatory Authority (“FINRA”) and the Municipal Securities Rulemaking Board (“MSRB”). You may reach the FINRA by calling the FINRA Hotline at 1-800-289-9999 or at the FINRA website address
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.
U.S. Bancorp Investments, Inc ., is registered with the U .S. Securities and Exchange Commission (SEC) and is subject to the rules of the Municipal Securities Rulemaking Board (MSRB) as it relates to the distribution of shares of local government investment pools. The MSRB requires investors to be informed of the availability of the MSRB Investor Brochure which describes the protections that may be provided by the MSRB rules and how to file a complaint with an appropriate regulatory authority. The MSRB Investor Brochure can be found on the MSRB’s website at www.msrb.org.
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 10
Menifee Mayor and City Council
March 5, 2025
Page
57 of 831
For the Month Ending November 30, 2024Account Statement - Transaction Summary City of Menifee - City of Menifee - 4037-001
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
75,561,762.82
301,659.01
0.00 0.00
$75,863,421.83
CAMP Pool
Unsettled Trades 0.00
301,659.01 Cash Dividends and Income
November 30, 2024 October 31, 2024
Asset Summary
CAMP Pool 75,863,421.83 75,561,762.82
$75,863,421.83 $75,561,762.82 Total
Asset Allocation
100.00%
CAMP Pool
Account 4037-001 Page 1PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 11
Menifee Mayor and City Council
March 5, 2025
Page
58 of 831
For the Month Ending November 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
75,561,762.82 Opening Balance
11/29/24 12/02/24 Accrual Income Div Reinvestment - Distributions 1.00 301,659.01 75,863,421.83 75,863,421.83
75,863,421.83
75,863,421.83
75,581,873.42
1,739,068.31
0.00 (33,000,763.88)
31,739,068.31
77,125,117.40
301,659.01
75,863,421.83
0.00 0.00
301,659.01
75,561,762.82
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
November July-November
4.87%
Account 4037-001 Page 2PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 12
Menifee Mayor and City Council
March 5, 2025
Page
59 of 831
City of Menifee
ACCOUNT STATEMENT
For the Month Ending
December 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 01/01/2025 for New Year's Day.
CAMP will be closed on 01/20/2025 for Martin Luther King Jr 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: 10.3
Treasurer's Report - December 2024
Item Page Number: 13
Menifee Mayor and City Council
March 5, 2025
Page
60 of 831
For the Month Ending December 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
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 ("PFMAM") is a division of U.S. Bancorp Asset Management, Inc. ("USBAM"), a SEC-registered investment adviser. USBAM is direct subsidiary of U.S. Bank National Association ("U.S. Bank") and an indirect subsidiary of U.S. Bancorp. U.S. Bank is not responsible for and does not guarantee the products, services or performance of PFMAM. PFMAM maintains a written disclosure statement of our background and business experience. If you would like to receive a copy of our current disclosure statement, please contact Service Operations at the address below.
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 distributed by representatives of USBAM's affiliate, U.S. Bancorp Investments, Inc. which is registered with the SEC as a broker/dealer and is a member of the Financial Industry Regulatory Authority (“FINRA”) and the Municipal Securities Rulemaking Board (“MSRB”). You may reach the FINRA by calling the FINRA Hotline at 1-800-289-9999 or at the FINRA website address
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: 10.3
Treasurer's Report - December 2024
Item Page Number: 14
Menifee Mayor and City Council
March 5, 2025
Page
61 of 831
For the Month Ending December 31, 2024Account Statement - Transaction Summary City of Menifee - City of Menifee - 4037-001
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
75,863,421.83
289,816.07
(4,000,000.00)
0.00 $72,153,237.90
CAMP Pool
Unsettled Trades 0.00
289,816.07 Cash Dividends and Income
December 31, 2024 November 30, 2024
Asset Summary
CAMP Pool 72,153,237.90 75,863,421.83
$72,153,237.90 $75,863,421.83 Total
Asset Allocation
100.00%
CAMP Pool
Account 4037-001 Page 1PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 15
Menifee Mayor and City Council
March 5, 2025
Page
62 of 831
For the Month Ending December 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
75,863,421.83 Opening Balance
12/05/24 12/05/24 Redemption - Outgoing Wires 1.00 (4,000,000.00) 71,863,421.83 12/31/24 01/02/25 Accrual Income Div Reinvestment - Distributions 1.00 289,816.07 72,153,237.90 72,153,237.90
72,153,237.90
72,153,237.90
72,388,899.77
2,028,884.38
0.00 (37,000,763.88)
32,028,884.38
77,125,117.40
289,816.07
72,153,237.90
0.00 (4,000,000.00)
289,816.07
75,863,421.83
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
December July-December
4.73%
Account 4037-001 Page 2PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 16
Menifee Mayor and City Council
March 5, 2025
Page
63 of 831
Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
February 25, 2025
LAIF Home
PMIA Average Monthly
Yields
CITY OF MENIFEE
FINANCE
29714 HAUN ROAD
MENIFEE, CA 92586
Account Number: 98-33-523
October 2024 Statement
Tran Type Definitions
Effective
Date
Transaction
Date
Tran
Type Confirm
Number
Web
Confirm
Number Authorized Caller Amount
10/15/2024 10/14/2024 QRD1762304 N/A SYSTEM 134,918.29
Account Summary
Total Deposit: 134,918.29 Beginning Balance: 11,376,869.39 Total Withdrawal: 0.00 Ending Balance: 11,511,787.68
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 17
Menifee Mayor and City Council
March 5, 2025
Page
64 of 831
Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
February 25, 2025
LAIF Home
PMIA Average Monthly
Yields
CITY OF MENIFEE
FINANCE
29714 HAUN ROAD
MENIFEE, CA 92586
Account Number: 98-33-523
November 2024 Statement
Tran Type Definitions
Account Summary
Total Deposit: 0.00 Beginning Balance: 11,511,787.68
Total Withdrawal: 0.00 Ending Balance: 11,511,787.68
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 18
Menifee Mayor and City Council
March 5, 2025
Page
65 of 831
Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
February 25, 2025
LAIF Home
PMIA Average Monthly
Yields
CITY OF MENIFEE
FINANCE
29714 HAUN ROAD
MENIFEE, CA 92586
Account Number: 98-33-523
December 2024 Statement
Tran Type Definitions
Account Summary
Total Deposit: 0.00 Beginning Balance: 11,511,787.68
Total Withdrawal: 0.00 Ending Balance: 11,511,787.68
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 19
Menifee Mayor and City Council
March 5, 2025
Page
66 of 831
20599
00- -M -UC-UU -306-04
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 October 1, 2024 to October 31, 2024 000017041 06 SP
CITY OF MENIFEE
000638832262637 S
FINANCE DEPARTMENT
29844 HAUN ROAD
MENIFEE, CA 92586
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 20
Menifee Mayor and City Council
March 5, 2025
Page
67 of 831
THIS PAGE WAS INTENTIONALLY LEFT BLANK
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 21
Menifee Mayor and City Council
March 5, 2025
Page
68 of 831
20599
00- -M -UC-UU -306-04
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
38 46
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 22
Menifee Mayor and City Council
March 5, 2025
Page
69 of 831
THIS PAGE WAS INTENTIONALLY LEFT BLANK
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 23
Menifee Mayor and City Council
March 5, 2025
Page
70 of 831
20599
00- -M -UC-UU -306-04
0220052-00-04007-04
CITY OF MENIFEE Page 1 of 47
ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 31, 2024
MARKET VALUE SUMMARY
Current Period
10/01/24 to 10/31/24
Beginning Market Value $130,857,091.43
Taxable Interest 279,172.00
-8,555.01
-8,494.96
-22,565.95
6.88 Paid To/For Beneficiaries
Cash Disbursements
Long Term Gains/Losses
Short Term Gains/Losses
Change in Investment Value -1,636,412.01
Ending Market Value $129,460,242.38
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 24
Menifee Mayor and City Council
March 5, 2025
Page
71 of 831
20599
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 31, 2024
ASSET SUMMARY
Current Period
Market Value
% of
Total
Estimated
Annual IncomeAssets
Cash & Equivalents
Taxable Bonds
325,607.78 0.30 15,365.59
129,134,634.60 99.70 4,221,222.24
Total Market Value $129,460,242.38 100.00 $4,236,587.83 Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 25
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 31, 2024
INCOME SUMMARY
Income Received
Current Period
Taxable Interest 279,172.00
Total Current Period Income $279,172.00
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 26
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 31, 2024
CASH SUMMARY
Cash
$0.00Beginning Cash 10/01/2024
Taxable Interest
Paid To/For Beneficiaries
Cash Disbursements
Purchases
279,172.00
-8,555.01
-8,494.96
-2,743,856.95
2,587,074.34
-105,339.42
Sales
Net Money Market Activity
Ending Cash 10/31/2024 $0.00
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 27
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 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
325,607.780 1.0000 325,607.78 325,607.78 0.00 0.3 15,365.59 4.72 Total Cash/Money Market $325,607.78 $325,607.78 $0.00 0.3 $15,365.59 Total Cash & Equivalents $325,607.78 $325,607.78 $0.00 0.3 $15,365.59 Taxable Bonds
US Government Issues
F H L M C M T N - 3137EAEU9
0.375 07/21/2025
80,000.000 97.1980
96.5550
77,758.40
72,416.25
79,736.00
74,777.85
-1,977.60
-2,361.60
0.1 0.1
300.00
281.25
0.39 0.39
F H L M C M T N - 3137EAEX3
0.375 09/23/2025
75,000.000
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
93.8390
99.6240
123,028.20
938,390.00
7,788.18
116,263.48
964,765.62
7,890.86
6,764.72
-26,375.62
-102.68
0.1 0.7
0.0 2,741.85
29,820.00
208.73
2.23 3.18
2.68 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
F H L M C Multiclass Mtg Partn - 3137BFXT3
C M O Ser K042 Cl A2
2.670 12/25/2024
7,817.570
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 28
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 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 - 3137BKRJ1
C M O Ser K047 Cl A2
3.329 05/25/2025
34,550.240 99.1470
99.1050
98.9140
98.3770
97.8890
97.1250
96.7710
97.7180
34,255.53
58,839.05
24,728.50
122,971.25
68,522.30
116,550.00
120,963.75
68,402.60
35,511.18
63,138.27
26,792.97
121,166.99
67,000.39
116,042.97
118,955.08
67,716.80
-1,255.65
-4,299.22
-2,064.47
1,804.26
1,521.91
507.03
0.0 0.0
0.0 0.1
0.1 0.1
0.1 0.1
1,150.18
1,949.72
833.50
3.36 3.31
3.37 3.04
2.80 2.60
2.74 3.49
F H L M C Multiclass Mtg Partn - 3137BLAC2
C M O Ser K048 Cl A2
06/25/2025 Var
59,370.420
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
3,316.25
2,389.10
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
F H L M C Multiclass Mtg Partn - 3137BSP72
C M O Ser K058 Cl A2
2.653 08/25/2026
125,000.000 2,008.67
685.80
F H L M C Multiclass Mtg Partn - 3137BUX60
C M O Ser K062 Cl A2
3.413 12/25/2026
70,000.000
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 29
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 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 - 3137BVZ82
C M O Ser K063 Cl A2
01/25/2027 Var
70,000.000 97.8890
96.4900
96.6480
97.8430
95.7150
68,522.30
95,987.77
67,711.33
95,442.04
810.97
545.73
0.1 0.1
0.0 1.1
1.1 2,401.00
3,170.41
990.90
3.50 3.30
3.42 3.99
3.57 F H L M C Multiclass Mtg Partn - 3137FBU79
C M O Ser K069 Cl A2
3.187 09/25/2027
99,479.500
F H L M C Multiclass Mtg Partn - 3137FCJK1
C M O Ser K070 Cl A2
11/25/2027 Var
30,000.000 28,994.40 28,566.80 427.60
F H L M C Multiclass Mtg Partn - 3137FJEH8
C M O Ser K081 Cl A2
08/25/2028 Var
1,500,000.000 1,467,645.00
1,435,725.00
1,436,718.75
1,405,195.31
30,926.25
30,529.69
58,500.00
51,330.01
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 96.5190
96.8210
97.6020
96.2630
120,648.75
72,615.75
68,321.40
62,570.95
117,695.31
74,807.25
69,954.40
64,767.30
2,953.44
-2,191.50
-1,633.00
-2,196.35
0.1 0.1
0.1 0.0
3,156.25
281.25
350.00
325.00
2.62 0.39
0.51 0.52
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
F N M A - 3135G06G3
0.500 11/07/2025
65,000.000
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 30
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 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 - 3135G0X24
1.625 01/07/2025
65,000.000 99.4550
98.2110
94.5150
99.5960
98.9710
100.1530
100.1420
100.6460
100.7920
101.0290
64,645.75
63,837.15
66,319.45
64,866.10
-1,673.70
-1,028.95
-251,750.00
-50.40
0.0 0.0
3.7 0.2
0.1 0.1
0.2 0.5
0.5 0.1
1,056.25
406.25
1.63 0.64
0.85 3.89
3.91 4.24
4.24 4.35
4.46 4.45
F N M A Deb - 3135G03U5
0.625 04/22/2025
65,000.000
Federal Farm Credit Bks - 3133EML67
0.800 06/22/2026
5,000,000.000 4,725,750.00
209,151.60
148,456.50
75,114.75
4,977,500.00
209,202.00
150,753.00
74,100.00
40,000.00
8,137.50
5,812.50
3,187.50
11,475.00
30,625.00
31,500.00
4,275.00
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 -2,296.50
1,014.75
Federal Farm Credit Bks - 3133EPSK2
4.250 08/07/2028
75,000.000
Federal Farm Credit Bks - 3133EPN50
4.250 12/15/2028
270,000.000 270,383.40
704,522.00
705,544.00
95,977.55
272,999.70
689,017.00
693,700.00
93,915.10
-2,616.30
15,505.00
11,844.00
2,062.45
Federal Farm Credit Bks - 3133ERAK7
4.375 04/10/2029
700,000.000
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
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 31
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 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 - 3133ERDH1
4.750 04/30/2029
700,000.000 102.1800
96.8960
94.6050
94.6780
94.7570
99.2680
100.2890
100.7040
100.8950
101.0300
715,260.00
3,875,840.00
4,730,250.00
4,733,900.00
4,737,850.00
34,743.80
706,132.00
4,000,000.00
5,000,000.00
5,000,000.00
5,000,000.00
37,003.05
9,128.00
-124,160.00
-269,750.00
-266,100.00
-262,150.00
-2,259.25
0.6 3.0
3.7 3.7
3.7 0.0
0.2 0.2
0.5 0.1
33,250.00
28,000.00
43,750.00
50,000.00
52,500.00
831.25
4.65 0.72
0.92 1.06
1.11 2.39
4.24 4.34
4.46 4.45
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
Federal Home Loan Bks - 3130A4CH3
2.375 03/14/2025
35,000.000
Federal Home Loan Bks - 3130ATUS4
4.250 12/10/2027
200,000.000 200,578.00
226,584.00
706,265.00
191,957.00
204,274.00
223,860.00
693,525.00
196,165.50
-3,696.00 8,500.00
9,843.75
31,500.00
8,550.00
Federal Home Loan Bks - 3130AWTR1
4.375 09/08/2028
225,000.000 2,724.00
Federal Home Loan Bks - 3130AVBD3
4.500 03/09/2029
700,000.000 12,740.00
-4,208.50
Federal Home Loan Bks - 3130ATS57
4.500 03/10/2028
190,000.000
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 32
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 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 Bond - 912810FG8
5.250 02/15/2029
1,550,000.000 104.6600
96.3550
96.0540
95.8630
98.3980
95.2540
94.0040
95.1950
98.1590
95.8520
1,622,230.00
67,448.50
1,603,873.05
68,476.95
18,356.95
-1,028.45
-1,945.83
-1,640.82
-38,685.00
-188,590.00
-6,001.45
5,624.37
1.3 0.1
0.1 0.1
2.3 2.9
0.1 0.1
2.3 0.6
81,375.00
175.00
5.02 0.26
0.26 0.39
0.51 0.79
0.93 1.71
2.04 2.09
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 72,040.50 73,986.33 187.50
U S Treasury Note - 91282CAZ4
0.375 11/30/2025
70,000.000 67,104.10 68,744.92 262.50
U S Treasury Note - 912828ZF0
0.500 03/31/2025
3,000,000.000 2,951,940.00
3,810,160.00
112,804.80
190,390.00
2,944,770.00
833,912.40
2,990,625.00
3,998,750.00
118,806.25
184,765.63
3,175,312.50
812,147.27
15,000.00
30,000.00
1,050.00
3,250.00
60,000.00
17,400.00
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
U S Treasury Note - 912828K74
2.000 08/15/2025
3,000,000.000 -230,542.50
21,765.13
U S Treasury Note - 912828U24
2.000 11/15/2026
870,000.000
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 33
Menifee Mayor and City Council
March 5, 2025
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CITY OF MENIFEE Page 11 of 47
ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 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 - 912828V98
2.250 02/15/2027
800,000.000 95.8830
97.9020
97.7810
98.0350
98.9740
96.4260
99.1110
97.3360
95.4610
96.1560
767,064.00
1,958,040.00
782,248.00
784,280.00
791,792.00
785,871.90
792,888.00
1,586,576.80
2,004,681.00
144,234.00
748,375.00
2,140,625.00
765,630.86
767,375.00
778,218.75
765,901.95
780,218.75
1,560,182.82
2,066,046.88
143,970.70
18,689.00
-182,585.00
16,617.14
16,905.00
13,573.25
19,969.95
12,669.25
26,393.98
-61,365.88
263.30
0.6 1.5
0.6 0.6
0.6 0.6
0.6 1.2
1.5 0.1
18,000.00
45,000.00
20,000.00
21,000.00
22,000.00
22,412.50
23,000.00
50,937.50
65,625.00
4,687.50
2.35 2.30
2.56 2.68
2.78 2.85
2.90 3.21
3.27 3.25
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
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 - 91282CFJ5
3.125 08/31/2029
2,100,000.000
U S Treasury Note - 9128285M8
3.125 11/15/2028
150,000.000
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 34
Menifee Mayor and City Council
March 5, 2025
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CITY OF MENIFEE Page 12 of 47
ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 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 - 91282CEW7
3.250 06/30/2027
815,000.000 97.8090
96.1210
97.9020
99.1090
98.2580
98.4060
99.2340
99.6910
99.3520
99.3280
797,143.35
1,441,815.00
797,901.30
792,872.00
800,802.70
875,813.40
843,489.00
797,528.00
819,654.00
1,291,264.00
786,333.79
1,443,515.63
784,646.88
780,187.50
787,623.25
858,566.41
824,931.64
782,968.75
802,336.91
1,316,402.34
10,809.56
-1,700.63
13,254.42
12,684.50
13,179.45
17,246.99
18,557.36
14,559.25
17,317.09
-25,138.34
0.6 1.1
0.6 0.6
0.6 0.7
0.7 0.6
0.6 1.0
26,487.50
48,750.00
28,525.00
29,000.00
29,543.75
33,375.00
32,937.50
32,000.00
33,000.00
52,000.00
3.32 3.38
3.57 3.66
3.69 3.81
3.90 4.01
4.03 4.03
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
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
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
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 35
Menifee Mayor and City Council
March 5, 2025
Page
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CITY OF MENIFEE Page 13 of 47
ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 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 - 91282CGA3
4.000 12/15/2025
820,000.000 99.6800
99.8360
99.8630
99.8670
100.0160
99.9920
99.9770
100.3560
100.3480
99.9360
817,376.00
1,597,376.00
798,904.00
788,949.30
800,128.00
1,649,868.00
799,816.00
853,026.00
1,605,568.00
849,456.00
810,386.72
1,574,437.50
786,781.25
773,639.07
790,265.63
1,630,343.75
789,312.50
838,150.40
1,656,250.00
839,707.03
6,989.28
22,938.50
12,122.75
15,310.23
9,862.37
0.6 1.2
0.6 0.6
0.6 1.3
0.6 0.7
1.2 0.7
32,800.00
66,000.00
33,000.00
32,587.50
33,000.00
68,062.50
34,000.00
36,125.00
68,000.00
36,125.00
4.01 4.13
4.13 4.13
4.12 4.13
4.25 4.23
4.23 4.25
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
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 19,524.25
10,503.50
14,875.60
-50,682.00
9,748.97
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
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 36
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 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 - 91282CJS1
4.250 12/31/2025
850,000.000 99.9380
100.3200
100.7310
100.7700
100.4410
100.3400
100.8360
101.4380
100.4880
100.4490
849,473.00
802,560.00
805,848.00
856,545.00
803,528.00
852,890.00
806,688.00
1,623,008.00
854,148.00
803,592.00
838,876.95
791,375.00
791,476.57
839,308.59
790,250.00
842,828.13
793,125.00
1,614,812.50
842,164.06
794,500.00
10,596.05
11,185.00
14,371.43
17,236.41
13,278.00
10,061.87
13,563.00
8,195.50
0.7 0.6
0.6 0.7
0.6 0.7
0.6 1.3
0.7 0.6
36,125.00
35,000.00
35,000.00
37,187.50
35,000.00
38,250.00
36,000.00
72,000.00
38,250.00
37,000.00
4.25 4.36
4.34 4.34
4.36 4.48
4.46 4.44
4.48 4.60
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
U S Treasury Note - 91282CJP7
4.375 12/15/2026
800,000.000
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 11,983.94
9,092.00
U S Treasury Note - 91282CKB6
4.625 02/28/2026
800,000.000
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 37
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 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 - 91282CKP5
4.625 04/30/2029
1,600,000.000 101.8950
101.2230
100.2490
100.9300
1,630,320.00
1,518,345.00
801,992.00
1,609,593.75
1,505,683.59
796,187.50
20,726.25
12,661.41
5,804.50
1.3 1.2
0.6 74,000.00
69,375.00
38,000.00
4.54 4.57
4.74 4.83
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
U S Treasury Note - 91282CKK6
4.875 04/30/2026
800,000.000 807,440.00 799,125.00 8,315.00 0.6 39,000.00 Total US Government Issues $89,177,858.88 $90,492,076.05 -$1,314,217.17 68.9 $2,482,259.40 Corporate Issues
Ace Ina Holding - 00440EAS6
3.150 03/15/2025
50,000.000 99.4320
95.1620
49,716.00
57,097.20
51,448.00
59,740.80
-1,732.00
-2,643.60
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
130,000.000 100.3590
100.7760
130,466.70
604,656.00
131,033.50
595,380.00
-566.80 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 9,276.00 29,400.00
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 38
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 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
American Honda Finance - 02665WFE6
Medium Term Note
4.900 03/13/2029
850,000.000 100.5190
95.9560
98.6060
854,411.50
23,989.00
98,606.00
843,616.50
25,621.00
96,949.00
10,795.00
-1,632.00
1,657.00
0.7 0.0
0.1 41,650.00
512.50
4.88 2.14
3.30 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
Bank Amer Corp Sr - 06051GJD2
Medium Term Note
1.319 06/19/2026
40,000.000 97.6660
100.2580
99.4180
100.4780
98.2050
97.9680
39,066.40
30,077.40
894,762.00
703,346.00
662,883.75
73,476.00
40,105.60
30,000.00
881,811.00
694,316.00
656,743.45
71,563.50
-1,039.20
77.40 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 5.07
4.57 4.92
3.62 3.90
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 12,951.00
9,030.00
6,140.30
1,912.50
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
675,000.000
Bank Of America Corp - 06051GGF0
Medium Term Note
3.824 01/20/2028
75,000.000
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 39
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 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 Of America Corp - 06051GHG7
Medium Term Note
3.970 03/05/2029
1,050,000.000 97.0870
95.7300
1,019,413.50
43,078.50
992,729.50
44,991.45
26,684.00
-1,912.95
0.8 0.0
41,685.00
1,035.00
4.09 2.40
Berkshire Hathaway Fin - 084664CZ2
2.300 03/15/2027
45,000.000
Bmw Veh Owner Tr - 05602RAD3
A B S Ser 2022 A Cl A 3
08/25/2026 Var
6,308.850 99.4110
100.0580
101.2460
99.9530
6,271.69
53,843.98
577,102.20
44,978.85
80,318.40
6,308.52
53,910.10
569,913.42
45,481.50
79,988.80
-36.83
-66.12
0.0 0.0
0.4 0.0
0.1 202.51
2,776.74
29,526.00
967.50
3.23 5.16
5.12 2.15
4.78 Bmw Vehicle Lease - 05593AAC3
A B S Ser 2023 1 Cl A 3
5.160 11/25/2025
53,812.770
Bmw Vehicle Owner Trust - 096919AD7
A B S Ser 2024 A Cl A 3
5.180 02/26/2029
570,000.000 7,188.78
-502.65
329.60
Caterpillar Finl Service - 14913Q3B3
Medium Term Note
2.150 11/08/2024
45,000.000
80,000.000
Caterpillar Finl Svcs - 14913R3B1
Medium Term Note
4.800 01/06/2026
100.3980 3,840.00
Caterpillar Finl Svcs - 14913UAJ9
Medium Term Note
4.850 02/27/2029
1,300,000.000 101.2750
95.2160
1,316,575.00
23,804.00
1,290,499.00
24,991.70
26,076.00
-1,187.70
1.0 0.0
63,050.00
612.50
4.79 2.57
Charles Schwab Corp - 808513BY0
2.450 03/03/2027
25,000.000
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 40
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 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
Charles Schwab Corp - 808513AU9
3.200 01/25/2028
85,000.000 95.6280
100.8650
96.9630
81,283.80
706,055.00
19,392.60
80,783.15
694,694.00
19,535.80
500.65
11,361.00
-143.20
0.1 0.5
0.0 2,720.00
33,600.00
600.00
3.35 4.76
3.09 Cisco Sys Inc - 17275RBQ4
4.800 02/26/2027
700,000.000
Costco Wholesale Corp - 22160KAM7
3.000 05/18/2027
20,000.000
Deere John Capital Corp - 24422EWJ4
Medium Term Note
4.050 09/08/2025
70,000.000 99.6260
97.0300
69,738.20
33,960.50
69,267.10
36,755.95
471.10 0.1
0.0 2,835.00
1,032.50
4.06 3.04
Duke Energy Carolinas - 26442CAS3
2.950 12/01/2026
35,000.000 -2,795.45
Gm Fin Cons Auto Rec - 380146AC4
A B S Ser 2022 1 Cl A3
1.260 11/16/2026
3,547.360 98.7950 3,504.61 3,547.04 -42.43 0.0 44.70 1.27 Gm Fin Cons Auto Rec Tr - 362554AC1
A B S Ser 2021 4 Cl A 3
0.680 09/16/2026
2,853.610 98.6740 2,815.77 2,853.52 -37.75 0.0
0.6 19.40 0.69
4.83 Home Depot Inc - 437076CW0
4.900 04/15/2029
750,000.000 101.3840 760,380.00 742,725.00 17,655.00 36,750.00 Honda Auto Rec Owner - 437930AC4
A B S Ser 2024 2 Cl A 3
5.270 11/20/2028
210,000.000 101.3670 212,870.70 209,974.48 2,896.22 0.2 11,067.00 5.20 Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 41
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 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 Rec Ownr Tr - 43815BAC4
A B S Ser 2022 1 Cl A 3
1.880 05/15/2026
39,008.810 98.8500
98.8780
38,560.21
2,300.20
37,523.09
2,325.80
1,037.12
-25.60
0.0 0.0
733.37
20.47 1.90
0.89 Honda Auto Rec Ownr Tr 2021 4 - 43815GAC3
A B S Ser 2021 4 Cl A3
01/21/2026 Var
2,326.300
Honda Auto Receivables Owner - 43813YAC6
A B S Ser 2024 3 Cl A3
4.570 03/21/2029
800,000.000 100.1450
96.4840
801,160.00
135,077.60
799,874.32
131,150.60
1,285.68
3,927.00
0.6 0.1
36,560.00
3,500.00
4.56 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
3,830.240 99.2380
98.9810
99.8340
99.0620
3,801.05
10,482.28
3,775.36
10,589.78
25.69 -107.50
0.0 0.0
1.2 0.0
28.34 235.10
0.75 2.24
4.51 0.52
Hyundai Auto Rec Tr - 448977AD0
A B S Ser 2022 A Cl A3
10/15/2026 Var
10,590.190
John Deere Capital Corporation - 24422EXH7
Medium Term Note
4.500 01/16/2029
1,550,000.000 1,547,427.00
2,820.54
1,509,761.00
2,846.99
37,666.00
-26.45
69,750.00
14.81 John Deere Own - 47789QAC4
A B S Ser 2021 B Cl A 3
03/16/2026 Var
2,847.250
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 42
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 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 - 47800BAC2
A B S Ser 2022 C Cl A 3
5.090 06/15/2027
21,388.470 100.2300
98.8880
21,437.66
3,816.33
20,065.80
21,386.80
3,858.38
19,996.36
50.86 -42.05
69.44 0.0
0.0 0.0
1,088.67
89.53 5.08
2.35 4.99
John Deere Owner Tr - 47787JAC2
A B S Ser 2022 Cl A 3
09/15/2026 Var
3,859.240
John Deere Owner Trust - 47800CAC0
A B S Ser 2023 A Cl A3
5.010 11/15/2027
20,000.000 100.3290 1,002.00
John Deere Ownr Tr - 47800AAC4
A B S Ser 2022 B Cl A3
02/16/2027 Var
10,610.500
70,000.000
12,000.000
99.3680
97.8650
98.6050
96.1070
98.9820
99.1250
10,543.44
68,505.50
10,609.49
67,053.70
-66.05
1,451.80
-615.36
0.0 0.1
0.0 0.9
0.3 0.0
396.83
2,647.40
249.96
3.76 3.86
2.11 3.65
4.00 2.02
Jpmorgan Chase Co - 46625HRY8
02/01/2028 Var
Jpmorgan Chase Co - 46647PBK1
2.083 04/22/2026
11,832.60 12,447.96
Jpmorgan Chase Co - 46647PAM8
3.509 01/23/2029
1,250,000.000 1,201,337.50
395,928.00
34,693.75
1,169,226.50
388,284.00
36,067.15
32,111.00
7,644.00
-1,373.40
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
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 43
Menifee Mayor and City Council
March 5, 2025
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CITY OF MENIFEE Page 21 of 47
ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 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
Mercedes Benz Auto - 58770AAC7
A B S Ser 2023 1 Cl A3
4.510 11/15/2027
32,464.010 99.8580
99.1970
98.7230
32,417.91
128,956.10
123,403.75
32,460.12
130,394.70
120,882.50
-42.21
-1,438.60
2,521.25
0.0 0.1
0.1 1,464.13
5,265.00
3,906.25
4.52 4.08
3.16 Merck Co Inc - 58933YBH7
4.050 05/17/2028
130,000.000
Microsoft Corp - 594918BJ2
3.125 11/03/2025
125,000.000
Morgan Stanley - 61747YEZ4
Medium Term Note
5.050 01/28/2027
750,000.000 100.2860
100.8520
752,145.00
806,816.00
744,262.05
794,520.00
7,882.95 0.6
0.6 37,875.00
41,312.00
5.04 5.12
Morgan Stanley - 61747YFD2
Medium Term Note
5.164 04/20/2029
800,000.000 12,296.00
Morgan Stanley Fr - 6174468Q5
Medium Term Note
2.188 04/28/2026
35,000.000 98.5960
96.0310
34,508.60 33,013.20 1,495.40 0.0
1.2 765.80 2.22
3.85 National Rural Util Coop - 637432NS0
3.700 03/15/2029
1,600,000.000 1,536,496.00 1,507,712.00 28,784.00 59,200.00 National Rural Utils Coop Fin - 63743HFE7
Medium Term Note
3.450 06/15/2025
10,000.000 99.2190
99.7990
9,921.90 9,997.30 -75.40
-91.00
0.0 0.1
345.00 3.48
4.46 National Rural Utils Corp Fin - 63743HFH0
Medium Term Note
4.450 03/13/2026
70,000.000 69,859.30 69,950.30 3,115.00
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 44
Menifee Mayor and City Council
March 5, 2025
Page
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CITY OF MENIFEE Page 22 of 47
ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 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
Northern Tr Corp Sr Nt - 665859AW4
4.000 05/10/2027
15,000.000 99.0820 14,862.30 14,975.70 -113.40
-270.55
896.00
0.0 0.0
0.1 600.00
997.50
4.04 2.87
4.58 Paccar Financial Corp - 69371RR73
Medium Term Note
2.850 04/07/2025
35,000.000 99.2010 34,720.35 34,990.90
99,515.00
Paccar Financial Corp - 69371RS31
Medium Term Note
4.600 01/10/2028
100,000.000 100.4110 100,411.00 4,600.00
Paccar Financial Corp - 69371RS80
Medium Term Note
4.600 01/31/2029
1,500,000.000 100.2890
99.0920
99.9230
100.9910
1,504,335.00
128,819.60
134,896.05
1,615,856.00
1,468,515.00
124,989.80
134,947.35
1,577,232.00
35,820.00
3,829.80
-51.30
1.2 0.1
0.1 1.2
69,000.00
3,575.00
6,423.30
78,000.00
4.59 2.77
4.76 4.83
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 38,624.00
Public Service Electric - 74456QBR6
Medium Term Note
2.250 09/15/2026
850,000.000 96.0790
96.9040
816,671.50
775,232.00
807,126.00
752,432.00
9,545.50 0.6
0.6 19,125.00
29,200.00
2.34 3.77
Public Service Electric - 74456QBX3
Medium Term Note
3.650 09/01/2028
800,000.000 22,800.00
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 45
Menifee Mayor and City Council
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 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
Reality Income Corp - 756109AV6
3.875 04/15/2025
20,000.000 99.6030
98.5040
99.8440
96.8070
100.9570
95.0090
19,920.60
98,504.00
19,714.00
97,097.00
206.60
1,407.00
36,843.00
24,920.00
1,196.25
-964.20
0.0 0.1
1.1 0.6
0.1 0.0
775.00
3,950.00
68,875.00
30,000.00
6,241.25
390.00
3.89 4.01
4.76 3.87
4.95 2.05
Realty Income Corp - 756109BG8
3.950 08/15/2027
100,000.000
Realty Income Corp Sr - 756109CF9
4.750 02/15/2029
1,450,000.000 1,447,738.00
774,456.00
126,196.25
19,001.80
1,410,895.00
749,536.00
125,000.00
19,966.00
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
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 98.6660
98.8980
39,466.40
18,381.84
39,866.00
17,504.14
-399.60
877.70
0.0 0.0
1,643.20
131.97
4.16 0.72
Toyota Auto Rec Own Tr - 89238JAC9
A B S Ser 2021 D Cl A 3
04/15/2026 Var
18,586.670
Toyota Auto Rec Own Tr - 89231CAD9
A B S Ser 2022 C Cl A 3
3.760 04/15/2027
20,441.760 99.4900
99.6630
20,337.51 20,101.59 235.92 0.0
0.3 768.61 3.78
4.48 Toyota Auto Rec Tr 2024-D 6/15/2029 - 89239TAD4
4.470000
405,000.000 403,635.15 404,977.40 -1,342.25 18,103.50
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 46
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 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
Toyota Mtr Cr Corp - 89236TJK2
Medium Term Note
1.125 06/18/2026
40,000.000 94.8750
99.2980
37,950.00
29,789.40
39,982.40
29,959.80
-2,032.40
-170.40
0.0 0.0
0.1 1.1
450.00
435.00
1.19 1.46
4.61 5.14
Toyota Mtr Cr Corp - 89236TJT3
Medium Term Note
1.450 01/13/2025
30,000.000
Toyota Mtr Cr Corp - 89236TKQ7
Medium Term Note
4.625 01/12/2028
80,000.000 100.3180
102.2180
80,254.40 79,947.20 307.20 3,700.00
76,125.00
Toyota Mtr Cr Corp - 89236TLB9
Medium Term Note
5.250 09/11/2028
1,450,000.000 1,482,161.00 1,455,605.50 26,555.50
Truist Finl Corp - 89788MAA0
Medium Term Note
1.200 08/05/2025
30,000.000 97.3710
95.0930
98.6500
102.2520
29,211.30
38,037.20
838,525.00
715,764.00
29,341.20
39,563.60
822,681.00
702,464.00
-129.90
-1,526.40
15,844.00
13,300.00
0.0 0.0
0.6 0.6
360.00
460.00
1.23 1.21
4.31 5.13
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 99.3940 1,590,304.00 1,550,764.50 39,539.50 1.2 74,448.00 4.68 Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 47
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 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
Walmart Inc - 931142ER0
1.050 09/17/2026
10,000.000 94.2690 9,426.90 9,981.10 -554.20 0.0 105.00 1.11 Total Corporate Issues $30,027,119.82 $29,496,919.01 $530,200.81 23.2 $1,321,244.69 Foreign Issues
Bank Montreal Que - 06368D3S1
Medium Term Note
3.700 06/07/2025
75,000.000 99.3840 74,538.00 73,120.50 1,417.50 0.1 2,775.00 3.72 Bank Of Montreal - 06368FAC3
Medium Term Note
1.250 09/15/2026
40,000.000 94.0780
96.2260
37,631.20 39,951.60 -2,320.40
2,764.80
0.0 0.1
500.00 1.33
3.25 Inter American Devel Bk - 4581X0DC9
3.125 09/18/2028
120,000.000 115,471.20 112,706.40 3,750.00
Inter American Devel Bk - 4581X0DV7
Medium Term Note
0.875 04/20/2026
75,000.000 95.1320 71,349.00 74,656.50 -3,307.50 0.1 656.25 0.92 Inter American Devel Bk - 4581X0EN4
Medium Term Note
4.125 02/15/2029
1,385,000.000 99.6810
97.4630
98.6180
1,380,581.85
1,315,750.50
2,312,592.10
1,381,426.20
1,350,850.50
2,338,879.55
-844.35
-35,100.00
-26,287.45
1.1 1.0
1.8 57,131.25
48,937.50
90,868.75
4.14 3.72
3.93 International Bank - 459058KL6
3.625 09/21/2029
1,350,000.000
International Bank - 459058LN1
3.875 10/16/2029
2,345,000.000
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 48
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 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
International Bank M T N - 459058JL8
0.500 10/28/2025
75,000.000 96.2070
97.6990
72,155.25 74,670.05 -2,514.80
21,099.00
0.1 1.0
375.00 0.52
3.58 International Bank M T N - 459058KT9
3.500 07/12/2028
1,300,000.000 1,270,087.00 1,248,988.00 45,500.00
International Finance Corp - 45950KDD9
Medium Term Note
4.500 07/13/2028
100,000.000 101.1180
99.4520
101,118.00
19,890.40
99,889.00
19,992.60
1,229.00
-102.20
540.80
0.1 0.0
0.1 1.2
0.1 4,500.00
675.00
4.45 3.39
4.87 4.90
5.08 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
80,000.000 100.6230
101.0180
100.3850
80,498.40 79,957.60 3,920.00
76,725.00
4,082.40
Royal Bk Cda - 78016HZV5
Medium Term Note
4.950 02/01/2029
1,550,000.000 1,565,779.00
80,308.00
1,530,273.50
79,890.40
35,505.50
417.60
Toronto Dominion Bank - 89115A2K7
Medium Term Note
5.103 01/09/2026
80,000.000
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 49
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 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 Bk - 89115A2U5
Medium Term Note
5.523 07/17/2028
1,400,000.000 102.2790 1,431,906.00 1,406,219.50 25,686.50 1.1 77,322.00 5.40 Total Foreign Issues $9,929,655.90 $9,911,471.90 $18,184.00 7.7 $417,718.15 Total Taxable Bonds $129,134,634.60
$129,460,242.38
$129,900,466.96
$130,226,074.74
-$765,832.36
-$765,832.36
99.7 $4,221,222.24
$4,236,587.83Total Assets 100.0
Estimated Current Yield 3.27
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: 10.3
Treasurer's Report - December 2024
Item Page Number: 50
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 31, 2024
TRANSACTION DETAIL
Date
Posted Activity Description Cash Tax Cost
Beginning Balance 10/01/2024 $0.00 $129,986,511.78
10/01/24 Cash Disbursement Cash Disbursement -8,494.96
Paid To Chandler Asset Mgmt
Outgoing Domestic Wire
Inv 2408Menifee
10/01/24
10/07/24
10/09/24
Asset Income Interest Earned On
Federated Hermes Govt Obligs Is
Interest From 9/1/24 To 9/30/24
2,429.83
498.75Asset Income Interest Earned On
Paccar Financial Mtn 2.850% 4/07/25
0.01425 USD/$1 Pv On 35,000 Par Value Due 10/7/24
Cash Disbursement Cash Disbursement -8,555.01
Paid To Chandler Asset Mgmt
Payment Of Funds As Requested
Invoice 2409Menifee
10/10/24
10/15/24
10/15/24
10/15/24
10/15/24
10/15/24
Asset Income
Asset Income
Sale
Interest Earned On
F F C B Deb 4.375% 4/10/29
0.021875 USD/$1 Pv On 700,000 Par Value Due 10/10/24
15,312.50
68.39Interest Earned On
Honda Auto Rec Own 1.880% 5/15/26
$0.00157/Pv On 43,648.95 Pv Due 10/15/24
Paid Down 4,640.14 Par Value Of
Honda Auto Rec Own 1.880% 5/15/26
Trade Date 10/15/24
4,640.14
21.82 -4,463.41
-1,202.00
Asset Income
Sale
Interest Earned On
Hyundai Auto Rec 2.220% 10/15/26
$0.00185/Pv On 11,792.24 Pv Due 10/15/24
Paid Down 1,202.05 Par Value Of
Hyundai Auto Rec 2.220% 10/15/26
Trade Date 10/15/24
1,202.05
2.90Asset Income Interest Earned On
Hyundai Auto Rec Tr 0.740% 5/15/26
$0.00062/Pv On 4,703.32 Pv Due 10/15/24
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 51
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
10/15/24
10/15/24
10/15/24
10/15/24
10/15/24
10/15/24
10/15/24
10/15/24
10/15/24
10/15/24
10/15/24
Sale Paid Down 873.08 Par Value Of
Hyundai Auto Rec Tr 0.740% 5/15/26
Trade Date 10/15/24
873.08 -860.57
Asset Income
Sale
Interest Earned On
John Deere Owner 2.320% 9/15/26
8.24 403.78
1.38 $0.00193/Pv On 4,263.02 Pv Due 10/15/24
Paid Down 403.78 Par Value Of
John Deere Owner 2.320% 9/15/26
Trade Date 10/15/24
-403.69
-334.35
Asset Income
Sale
Interest Earned On
John Deere Own 0.520% 3/16/26
$0.00043/Pv On 3,181.63 Pv Due 10/15/24
Paid Down 334.38 Par Value Of
John Deere Own 0.520% 3/16/26
Trade Date 10/15/24
334.38
34.97Asset Income
Sale
Interest Earned On
John Deere Ownr Tr 3.740% 2/16/27
$0.00312/Pv On 11,221.79 Pv Due 10/15/24
Paid Down 611.29 Par Value Of
John Deere Ownr Tr 3.740% 2/16/27
Trade Date 10/15/24
611.29
95.27 -611.23
Asset Income
Sale
Interest Earned On
John Deere Owner 5.090% 6/15/27
$0.00424/Pv On 22,459.42 Pv Due 10/15/24
Paid Down 1,070.95 Par Value Of
John Deere Owner 5.090% 6/15/27
Trade Date 10/15/24
1,070.95
83.50 -1,070.87
Asset Income
Asset Income
Interest Earned On
John Deere Owner 5.010% 11/15/27
$0.00418/Pv On 20,000.00 Pv Due 10/15/24
Interest Earned On 129.71
Mercedes Benz Auto 4.510% 11/15/27
$0.00376/Pv On 34,512.45 Pv Due 10/15/24
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 52
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
10/15/24
10/15/24
10/15/24
10/15/24
10/15/24
10/15/24
Sale Paid Down 2,048.44 Par Value Of
Mercedes Benz Auto 4.510% 11/15/27
Trade Date 10/15/24
2,048.44 -2,048.19
Asset Income
Sale
Interest Earned On
Toyota Auto Rec 3.760% 4/15/27
68.34 1,369.74
12.77 $0.00313/Pv On 21,811.50 Pv Due 10/15/24
Paid Down 1,369.74 Par Value Of
Toyota Auto Rec 3.760% 4/15/27
Trade Date 10/15/24
-1,346.95
Asset Income
Sale
Interest Earned On
Toyota Auto Rec 0.710% 4/15/26
$0.00059/Pv On 21,583.79 Pv Due 10/15/24
Paid Down 2,997.12 Par Value Of
Toyota Auto Rec 0.710% 4/15/26
Trade Date 10/15/24
2,997.12
70,000.00
-2,822.56
Sale Matured 70,000 Par Value Of
F N M A 1.625% 10/15/24
Trade Date 10/15/24
-69,880.30
70,000 Par Value At 100 %
10/15/24
10/15/24
10/15/24
10/15/24
10/15/24
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Interest Earned On
Royal Bk Cda Mtn 3.375% 4/14/25
0.016875 USD/$1 Pv On 20,000 Par Value Due 10/14/24
337.50
568.75Interest Earned On
F N M A 1.625% 10/15/24
0.008125 USD/$1 Pv On 70,000 Par Value Due 10/15/24
Interest Earned On
Home Depot Inc 4.900% 4/15/29
0.0245 USD/$1 Pv On 750,000 Par Value Due 10/15/24
18,375.00
387.50Interest Earned On
Reality Income Corp 3.875% 4/15/25
0.019375 USD/$1 Pv On 20,000 Par Value Due 10/15/24
Interest Earned On 18,062.50
U S Treasury Nt 4.250% 10/15/25
0.02125 USD/$1 Pv On 850,000 Par Value Due 10/15/24
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 53
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
10/15/24
10/16/24
10/16/24
10/16/24
10/16/24
10/16/24
Asset Income
Asset Income
Sale
Interest Earned On
U S Treasury Nt 4.500% 4/15/27
0.0225 USD/$1 Pv On 800,000 Par Value Due 10/15/24
18,000.00
Interest Earned On
Gm Fin Cons Auto 0.680% 9/16/26
$0.00057/Pv On
1.85 406.90
3,260.51 Pv Due 10/16/24
Paid Down 406.9 Par Value Of
Gm Fin Cons Auto 0.680% 9/16/26
Trade Date 10/16/24
-406.89
Asset Income
Sale
Interest Earned On
Gm Fin Cons Auto 1.260% 11/16/26
$0.00105/Pv On
4.19 3,994.62 Pv Due 10/16/24
Paid Down 447.26 Par Value Of
Gm Fin Cons Auto 1.260% 11/16/26
Trade Date 10/16/24
447.26 -447.22
Purchase Purchased 2,345,000 Par Value Of
Intl Bk 3.875% 10/16/29
-2,338,879.55 2,338,879.55
Trade Date 10/8/24
Purchased Through Td Securities (USA)
Swift External Ref#: 8428203133941606
2,345,000 Par Value At 99.739 %
10/16/24 Sale Sold 220,000 Par Value Of 217,929.80 -209,231.00 F F C B Deb 1.750% 2/14/25
Trade Date 10/16/24
Sold Through Marketaxess Corp
Sold On The Marketaxess Corporation
Swift Internal Ref#: 2024101695008316
Swift External Ref#: 8429003133955222
220,000 Par Value At 99.059 %
10/16/24 Sell Accrued Interest Received Accrued Interest On Sale Of F F C B Deb 1.750% 2/14/25
Income Credit 663.06 USD
663.06
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 54
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
10/16/24 Sale Sold 80,000 Par Value Of 79,205.60 -79,938.40 F H L M C 1.500% 2/12/25
Trade Date 10/16/24
Sold Through Marketaxess Corp
Sold On The Marketaxess Corporation
Swift Internal Ref#: 2024101695008317
Swift External Ref#: 8429003133955219
80,000 Par Value At 99.007 %
10/16/24
10/16/24
Sell Accrued Interest
Sale
Received Accrued Interest On Sale Of
F H L M C 1.500% 2/12/25
Income Credit 213.33 USD
213.33
Sold 210,000 Par Value Of
F H L B Deb 4.625% 12/13/24
Trade Date 10/16/24
Sold Through Marketaxess Corp
Sold On The Marketaxess Corporation
Swift Internal Ref#: 2024101695008318
Swift External Ref#: 8429003133955216
210,000 Par Value At 99.968 %
209,932.80 -210,808.50
-1,993,750.00
404,977.40
10/16/24
10/16/24
Sell Accrued Interest
Sale
Received Accrued Interest On Sale Of
F H L B Deb 4.625% 12/13/24
Income Credit 3,318.44 USD
3,318.44
Sold 2,000,000 Par Value Of
U S Treasury Nt 0.500% 3/31/25
Trade Date 10/16/24
Sold Through J.P. Morgan Securities LLC
Sold On The Off-Exchange Transactions - Li
Swift Internal Ref#: 2024101695008320
Swift External Ref#: 8429003133955131
2,000,000 Par Value At 98.2265625 %
1,964,531.25
10/16/24
10/17/24
Sell Accrued Interest
Purchase
Received Accrued Interest On Sale Of
U S Treasury Nt 0.500% 3/31/25
Income Credit 439.56 USD
439.56
Purchased 405,000 Par Value Of -404,977.40
Toyota Auto Rec Tr 4.470% 6/15/29
Trade Date 10/10/24
Purchased Through Mizuho Securities USA Fxd Inc
Swift External Ref#: 8428403133948362
405,000 Par Value At 99.99441975 %
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 55
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
10/18/24
10/21/24
10/21/24
10/21/24
10/21/24
10/21/24
10/22/24
10/22/24
10/23/24
10/25/24
10/25/24
Asset Income
Asset Income
Asset Income
Sale
Interest Earned On
Honda Auto Rec Owner 5.270% 11/20/28
$0.00439/Pv On 210,000.00 Pv Due 10/18/24
922.25
Interest Earned On
Honda Auto 4.570% 3/21/29
$0.00381/Pv On 800,000.00 Pv Due 10/21/24
3,046.67
1.99Interest Earned On
Honda Auto Rec 0.880% 1/21/26
$0.00073/Pv On 2,715.68 Pv Due 10/21/24
Paid Down 389.38 Par Value Of
Honda Auto Rec 0.880% 1/21/26
Trade Date 10/21/24
389.38 -389.30
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Sale
Interest Earned On
Inter Amer Bk M T N 0.875% 4/20/26
0.004375 USD/$1 Pv On 75,000 Par Value Due 10/20/24
328.13
Interest Earned On
Morgan Stanley Mtn 5.164% 4/20/29
0.02582 USD/$1 Pv On 800,000 Par Value Due 10/20/24
20,656.00
203.13Interest Earned On
F N M A Deb 0.625% 4/22/25
0.003125 USD/$1 Pv On 65,000 Par Value Due 10/22/24
Interest Earned On
Jpmorgan Chase Co 2.083% 4/22/26
0.010415 USD/$1 Pv On 12,000 Par Value Due 10/22/24
124.98
Interest Earned On
Bank Of America Mtn 3.559% 4/23/27
0.017795 USD/$1 Pv On 675,000 Par Value Due 10/23/24
12,011.63
29.77Interest Earned On
F H L M C Mltcl Mtg 2.670% 12/25/24
$0.00223/Pv On 13,380.66 Pv Due 10/25/24
Paid Down 5,563.09 Par Value Of
F H L M C Mltcl Mtg 2.670% 12/25/24
Trade Date 10/25/24
5,563.09 -5,615.25
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 56
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
10/25/24
10/25/24
10/25/24
10/25/24
10/25/24
10/25/24
10/25/24
10/25/24
10/25/24
10/25/24
10/25/24
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 3.334% 8/25/25
$0.00278/Pv On
69.46 25,000.00 Pv Due 10/25/24
Interest Earned On
F H L M C Mltcl Mtg 2.995% 12/25/25
$0.00250/Pv On 125,000.00 Pv Due 10/25/24
311.98
160.13
252.50
276.35
200.08
264.65
169.45
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 10/25/24
Interest Earned On
F H L M C Mltcl Mtg 2.525% 5/25/26
$0.00210/Pv On 120,000.00 Pv Due 10/25/24
Interest Earned On
F H L M C Mltcl Mt 2.653% 8/25/26
$0.00221/Pv On 125,000.00 Pv Due 10/25/24
Interest Earned On
F H L M C Mltcl Mt 3.430% 1/25/27
$0.00286/Pv On 70,000.00 Pv Due 10/25/24
Interest Earned On
F H L M C Mltcl Mt 3.187% 9/25/27
$0.00266/Pv On 99,648.95 Pv Due 10/25/24
Paid Down 169.45 Par Value Of
F H L M C Mltcl Mt 3.187% 9/25/27
Trade Date 10/25/24
-162.57
Asset Income
Asset Income
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 10/25/24
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 10/25/24
4,875.00
4,277.50Interest Earned On
F H L M C Mltcl Mt 3.422% 2/25/52
$0.00285/Pv On 1,500,000.00 Pv Due 10/25/24
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 57
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
10/25/24
10/25/24
10/25/24
10/25/24
10/25/24
10/25/24
10/25/24
10/25/24
10/25/24
10/25/24
10/25/24
Asset Income
Asset Income
Asset Income
Sale
Interest Earned On
F H L M C Mltcl Mtg 2.982% 5/25/52
$0.00249/Pv On 1,000,000.00 Pv Due 10/25/24
2,485.00
Interest Earned On
F H L M C Mltcl Mtg 2.031% 9/25/28
$0.00169/Pv On 135,000.00 Pv Due 10/25/24
228.49
96.05Interest Earned On
F H L M C Mltcl Mtg 3.329% 5/25/25
$0.00277/Pv On 34,624.10 Pv Due 10/25/24
Paid Down 73.86 Par Value Of
F H L M C Mltcl Mtg 3.329% 5/25/25
Trade Date 10/25/24
73.86 -75.91
Asset Income
Sale
Interest Earned On
F H L M C Mltcl Mt 3.284% 6/25/25
$0.00274/Pv On
162.84
132.32
199.09
30.11 59,502.74 Pv Due 10/25/24
Paid Down 132.32 Par Value Of
F H L M C Mltcl Mt 3.284% 6/25/25
Trade Date 10/25/24
-140.72
Asset Income
Asset Income
Asset Income
Sale
Interest Earned On
F H L M C Mltcl Mtg 3.413% 12/25/26
$0.00284/Pv On 70,000.00 Pv Due 10/25/24
Interest Earned On
F H L B Gtd Remic 3.171% 10/25/24
$0.00264/Pv On 11,395.41 Pv Due 10/25/24
Interest Earned On
Bmw Vehicle Lease 5.160% 11/25/25
$0.00430/Pv On
277.16
10,643.26
18.76 64,456.03 Pv Due 10/25/24
Paid Down 10,643.26 Par Value Of
Bmw Vehicle Lease 5.160% 11/25/25
Trade Date 10/25/24
-10,662.51
Asset Income Interest Earned On
Bmw Veh Owner Tr 3.210% 8/25/26
$0.00268/Pv On 7,011.84 Pv Due 10/25/24
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 58
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
10/25/24
10/25/24
10/25/24
10/25/24
10/25/24
Sale Paid Down 702.99 Par Value Of
Bmw Veh Owner Tr 3.210% 8/25/26
Trade Date 10/25/24
702.99 -702.95
Asset Income
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 10/25/24
2,460.50
263.02Interest Earned On
F H L M C Mltcl Mt 2.525% 10/25/26
$0.00210/Pv On 125,000.00 Pv Due 10/25/24
Interest Earned On
F F C B Deb 3.875% 4/25/28
0.019375 USD/$1 Pv On 150,000 Par Value Due 10/25/24
2,906.25
11,395.41Matured 11,395.41 Par Value Of
F H L B Gtd Remic 3.171% 10/25/24
Trade Date 10/25/24
-12,258.07
11,395.41 Par Value At 100 %
10/28/24
10/28/24
10/28/24
10/30/24
10/30/24
10/31/24
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Interest Earned On
Bank New York Mtn 4.947% 4/26/27
0.024735 USD/$1 Pv On 700,000 Par Value Due 10/26/24
17,314.50
187.50Interest Earned On
Intl Bk M T N 0.500% 10/28/25
0.0025 USD/$1 Pv On 75,000 Par Value Due 10/28/24
Interest Earned On
Morgan Stanley Mtn 2.188% 4/28/26
0.01094 USD/$1 Pv On 35,000 Par Value Due 10/28/24
382.90
Interest Earned On
F F C B Deb 4.750% 4/30/29
0.02375 USD/$1 Pv On 700,000 Par Value Due 10/30/24
16,625.00
1,787.50
93.75 Interest Earned On
Pepsico Inc 2.750% 4/30/25
0.01375 USD/$1 Pv On 130,000 Par Value Due 10/30/24
Interest Earned On
U S Treasury Nt 0.250% 10/31/25
0.00125 USD/$1 Pv On 75,000 Par Value Due 10/31/24
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 59
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
10/31/24
10/31/24
10/31/24
10/31/24
10/31/24
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Interest Earned On
U S Treasury Nt 1.625% 10/31/26
0.008125 USD/$1 Pv On 200,000 Par Value Due 10/31/24
1,625.00
Interest Earned On
U S Treasury Nt 3.500% 4/30/28
0.0175 USD/$1 Pv On 815,000 Par Value Due 10/31/24
14,262.50
34,031.25
37,000.00
19,500.00
Interest Earned On
U S Treasury Nt 4.125% 10/31/27
0.020625 USD/$1 Pv On 1,650,000 Par Value Due 10/31/24
Interest Earned On
U S Treasury Nt 4.625% 4/30/29
0.023125 USD/$1 Pv On 1,600,000 Par Value Due 10/31/24
Interest Earned On
U S Treasury Nt 4.875% 4/30/26
0.024375 USD/$1 Pv On 800,000 Par Value Due 10/31/24
Purchase
Sale
Combined Purchases For The Period 10/ 1/24 - 10/31/24 Of Federated Hermes Govt Obligs Is
-890,635.77
785,296.35
890,635.77
-785,296.35Combined Sales For The Period 10/ 1/24 - 10/31/24 Of Federated Hermes Govt Obligs Is
Ending Balance 10/31/2024 $0.00 $130,226,074.74
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 60
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 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
10/25/24
10/25/24
Paid Down 702.99
Par Value
Trade Date 10/25/24
-702.95 702.99 0.04
Bmw Vehicle Lease
A B S Ser 2023 1 Cl A 3
5.160 11/25/2025
05593AAC3
Paid Down 10,643.26
Par Value
Trade Date 10/25/24
-10,662.51
-12,258.07
10,643.26
11,395.41
-19.25
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
10/25/24 Matured 11,395.41
Par Value
-862.66
Trade Date 10/25/24
11,395.41 Par Value At 100 %
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 61
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 31, 2024 SALE/MATURITY SUMMARY (continued)
Settlement Estimated
Date Description Tax Cost Proceeds Gain/Loss
F H L M C
1.500 02/12/2025
3137EAEP0
10/16/24 Sold 80,000 Par
Value
-79,938.40 79,205.60 -732.80
Trade Date 10/16/24
Sold Through Marketaxess Corp
Sold On The Marketaxess Corporation
Swift Internal Ref#: 2024101695008317
Swift External Ref#: 8429003133955219
80,000 Par Value At 99.007 %
F H L M C Multiclass Mtg Partn
C M O Ser K042 Cl A2
2.670 12/25/2024
3137BFXT3
10/25/24 Paid Down 5,563.09
Par Value
Trade Date 10/25/24
-5,615.25 5,563.09 -52.16
-2.05
-8.40
F H L M C Multiclass Mtg Partn
C M O Ser K047 Cl A2
3.329 05/25/2025
FHL3325A
10/25/24 Paid Down 73.86 Par
Value
Trade Date 10/25/24
-75.91 73.86
F H L M C Multiclass Mtg Partn
C M O Ser K048 Cl A2
06/25/2025
FHL3225
Var
10/25/24 Paid Down 132.32
Par Value
-140.72 132.32
Trade Date 10/25/24
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 62
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 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 K069 Cl A2
3.187 09/25/2027
FHL3127A
10/25/24
10/15/24
Paid Down 169.45
Par Value
Trade Date 10/25/24
-162.57 169.45 6.88
F N M A
1.625 10/15/2024
3135G0W66
Matured 70,000 Par
Value
-69,880.30 70,000.00 119.70
Trade Date 10/15/24
70,000 Par Value At 100 %
Federal Farm Credit Bks
1.750 02/14/2025
3133ENPG9
10/16/24 Sold 220,000 Par -209,231.00 217,929.80 8,698.80 Value
Trade Date 10/16/24
Sold Through Marketaxess Corp
Sold On The Marketaxess Corporation
Swift Internal Ref#: 2024101695008316
Swift External Ref#: 8429003133955222
220,000 Par Value At 99.059 %
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 63
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 31, 2024 SALE/MATURITY SUMMARY (continued)
Settlement Estimated
Date Description Tax Cost Proceeds Gain/Loss
Federal Home Loan Bks
4.625 12/13/2024
3130ATUR6
10/16/24 Sold 210,000 Par
Value
-210,808.50 209,932.80 -875.70
Trade Date 10/16/24
Sold Through Marketaxess Corp
Sold On The Marketaxess Corporation
Swift Internal Ref#: 2024101695008318
Swift External Ref#: 8429003133955216
210,000 Par Value At 99.968 %
Gm Fin Cons Auto Rec
A B S Ser 2022 1 Cl A3
1.260 11/16/2026
GFC1226
10/16/24
10/16/24
10/15/24
Paid Down 447.26
Par Value
Trade Date 10/16/24
-447.22
-406.89
447.26
406.90
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 406.9 Par
Value
Trade Date 10/16/24
Honda Auto Rec Ownr Tr
A B S Ser 2022 1 Cl A 3
1.880 05/15/2026
HAR1826
Paid Down 4,640.14
Par Value
-4,463.41 4,640.14 176.73
Trade Date 10/15/24
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 64
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 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
10/21/24
10/15/24
10/15/24
10/15/24
Paid Down 389.38
Par Value
Trade Date 10/21/24
-389.30 389.38 0.08
Hyundai Auto Rec Tr
A B S Ser 2021 C Cl A3
0.740 05/15/2026
HAR0726
Paid Down 873.08
Par Value
Trade Date 10/15/24
-860.57
-1,202.00
-334.35
873.08
1,202.05
334.38
12.51 0.05
0.03 Hyundai Auto Rec Tr
A B S Ser 2022 A Cl A3
10/15/2026
HAR2226
Var
Paid Down 1,202.05
Par Value
Trade Date 10/15/24
John Deere Own
A B S Ser 2021 B Cl A 3
03/16/2026
JDO0926
Var
Paid Down 334.38
Par Value
Trade Date 10/15/24
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 65
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 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
10/15/24 Paid Down 1,070.95
Par Value
-1,070.87 1,070.95 0.08
Trade Date 10/15/24
John Deere Owner Tr
A B S Ser 2022 Cl A 3
09/15/2026
JDO2326
Var
10/15/24
10/15/24
10/15/24
Paid Down 403.78
Par Value
Trade Date 10/15/24
-403.69
-611.23
403.78
611.29
0.09 0.06
0.25 John Deere Ownr Tr
A B S Ser 2022 B Cl A3
02/16/2027
JDO6827
Var
Paid Down 611.29
Par Value
Trade Date 10/15/24
Mercedes Benz Auto
A B S Ser 2023 1 Cl A3
4.510 11/15/2027
MBA4527
Paid Down 2,048.44
Par Value
-2,048.19 2,048.44
Trade Date 10/15/24
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 66
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 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
10/15/24 Paid Down 2,997.12
Par Value
-2,822.56 2,997.12 174.56
Trade Date 10/15/24
Toyota Auto Rec Own Tr
A B S Ser 2022 C Cl A 3
3.760 04/15/2027
TAR3727
10/15/24
10/16/24
Paid Down 1,369.74
Par Value
Trade Date 10/15/24
-1,346.95 1,369.74 22.79
U S Treasury Note
0.500 03/31/2025
912828ZF0
Sold 2,000,000 Par
Value
-1,993,750.00 1,964,531.25 -29,218.75
Trade Date 10/16/24
Sold Through J.P. Morgan Securities LLC
Sold On The Off-Exchange Transactions - Li
Swift Internal Ref#: 2024101695008320
Swift External Ref#: 8429003133955131
2,000,000 Par Value At 98.2265625 %
Total Taxable Bonds -$2,609,633.41
-$2,609,633.41
$2,587,074.34
$2,587,074.34
-$22,559.07
-$22,559.07Total Sales & Maturities
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 67
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 31, 2024
SALE/MATURITY SUMMARY MESSAGES
Estimated Year-To-Date Short-Term Gain (Loss): $242.56
Estimated Year-To-Date Long-Term Gain (Loss): ($977,808.20) Estimates should not be used for tax purposes
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 68
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 31, 2024
BOND SUMMARY
Percentage of
Par Value Market Value Category
MATURITY
2024
2025
2026
2027
2028
2029
2030
52,817.57
18,667,733.43
36,635,758.52
16,844,384.24
16,180,000.00
40,480,000.00
0.00 52,767.03
18,348,226.36
35,229,978.12
16,705,879.89
16,133,557.90
40,290,110.30
0.00 0.04
14.21 27.29
12.94 12.49
31.20 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 1.832,500,000.00 2,374,115.00
Total of Category $131,360,693.76 $129,134,634.60 100.00 Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 69
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ACCOUNT NUMBER: 6736302020 October 1, 2024 to October 31, 2024 BOND SUMMARY (continued)
Percentage of
Par Value Market Value Category
MOODY'S RATING
Aaa
Aa2
Aa3
A1
A2
A3
91,895,833.37
55,000.00
90,029,747.40
52,505.40
69.72 0.04
0.07 13.57
4.54 5.63
0.02 6.41
90,000.00 88,046.85
17,687,000.00
5,815,000.00
7,285,000.00
30,000.00
17,522,576.05
5,861,954.75
7,271,208.85
29,211.30Baa1
N/A 8,502,860.39 8,279,384.00
Total of Category $131,360,693.76 $129,134,634.60 100.00
S&P RATING
AAA
AA+
AA
AA-
A+
A
A-
N/A
9,850,923.77
28,870,000.00
115,000.00
9,678,246.32
27,692,888.25
109,602.60
7.49 21.44
0.08 0.55
4.02 9.49
9.74 47.19
700,000.00 706,055.00
5,155,000.00
12,265,000.00
12,727,000.00
61,677,769.99
5,188,671.70
12,245,708.90
12,575,465.00
60,937,996.83
Total of Category $131,360,693.76 $129,134,634.60 100.00
BOND SUMMARY MESSAGES
Data contained within this section excluded Mutual Funds, Exchange Traded Funds, and Closed-Ended Funds.
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 70
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Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 71
Menifee Mayor and City Council
March 5, 2025
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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: 10.3
Treasurer's Report - December 2024
Item Page Number: 72
Menifee Mayor and City Council
March 5, 2025
Page
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020599
-UC-306
U.S. Bank
1555 N. Rivercenter Dr.
Suite 300
Milwaukee, WI 53212
000017041 06 SP
CITY OF MENIFEE
000638832262637 S
FINANCE DEPARTMENT
29844 HAUN ROAD
MENIFEE, CA 92586
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 73
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March 5, 2025
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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 November 1, 2024 to November 30, 2024 000016898 06 SP
CITY OF MENIFEE
000638855396157 S
FINANCE DEPARTMENT
29844 HAUN ROAD
MENIFEE, CA 92586
Item Title: 10.3
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Item Title: 10.3
Treasurer's Report - December 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: 10.3
Treasurer's Report - December 2024
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Item Title: 10.3
Treasurer's Report - December 2024
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 30, 2024
MARKET VALUE SUMMARY
Current Period
11/01/24 to 11/30/24
Beginning Market Value $129,460,242.38
Taxable Interest 77,304.13
-8,550.87
-32,415.48
6.46 Paid To/For Beneficiaries
Long Term Gains/Losses
Short Term Gains/Losses
Change in Investment Value 272,708.46
Ending Market Value $129,769,295.08
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 78
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 30, 2024
ASSET SUMMARY
Current Period
Market Value
% of
Total
Estimated
Annual IncomeAssets
Cash & Equivalents
Taxable Bonds
672,126.75 0.50 30,262.47
129,097,168.33 99.50 4,323,917.80
Total Market Value $129,769,295.08 100.00 $4,354,180.27 Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 79
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 30, 2024
INCOME SUMMARY
Income Received
Current Period
Taxable Interest 77,304.13
Total Current Period Income $77,304.13
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 80
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 30, 2024
CASH SUMMARY
Cash
$0.00Beginning Cash 11/01/2024
Taxable Interest
Paid To/For Beneficiaries
Purchases
77,304.13
-8,550.87
-2,765,209.50
3,042,975.21
-346,518.97
Sales
Net Money Market Activity
Ending Cash 11/30/2024 $0.00
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 81
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 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
672,126.750 1.0000 672,126.75 672,126.75 0.00 0.5 30,262.47 4.50 Total Cash/Money Market $672,126.75 $672,126.75 $0.00 0.5 $30,262.47 Total Cash & Equivalents $672,126.75 $672,126.75 $0.00 0.5 $30,262.47 Taxable Bonds
US Government Issues
F H L M C M T N - 3137EAEU9
0.375 07/21/2025
80,000.000 97.4890
96.8180
77,991.20
72,613.50
79,736.00
74,777.85
-1,744.80
-2,164.35
0.1 0.1
300.00
281.25
0.38 0.39
F H L M C M T N - 3137EAEX3
0.375 09/23/2025
75,000.000
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 91.5520
94.2540
99.6680
123,595.20
942,540.00
1,209.98
116,263.48
964,765.62
1,225.39
7,331.72
-22,225.62
-15.41
0.1 0.7
0.0 2,741.85
29,820.00
32.41 2.22
3.16 2.68
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
F H L M C Multiclass Mtg Partn - 3137BFXT3
C M O Ser K042 Cl A2
2.670 12/25/2024
1,214.010
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 82
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 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 - 3137BKRJ1
C M O Ser K047 Cl A2
3.329 05/25/2025
34,251.990 99.2570
99.2510
99.0260
98.5260
98.0300
97.2690
96.9380
97.9360
33,997.50
58,800.80
24,756.50
123,157.50
68,621.00
116,722.80
121,172.50
68,555.20
35,204.63
63,004.41
26,792.97
121,166.99
67,000.39
116,042.97
118,955.08
67,716.80
-1,207.13
-4,203.61
-2,036.47
1,990.51
1,620.61
679.83
0.0 0.0
0.0 0.1
0.1 0.1
0.1 0.1
1,140.25
1,945.59
833.50
3.35 3.31
3.37 3.04
2.80 2.60
2.74 3.48
F H L M C Multiclass Mtg Partn - 3137BLAC2
C M O Ser K048 Cl A2
06/25/2025 Var
59,244.540
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
3,316.25
2,389.10
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
F H L M C Multiclass Mtg Partn - 3137BSP72
C M O Ser K058 Cl A2
2.653 08/25/2026
125,000.000 2,217.42
838.40
F H L M C Multiclass Mtg Partn - 3137BUX60
C M O Ser K062 Cl A2
3.413 12/25/2026
70,000.000
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 83
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 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 - 3137BVZ82
C M O Ser K063 Cl A2
01/25/2027 Var
70,000.000 97.8880
96.8110
96.8890
98.0700
96.0820
68,521.60
96,153.07
67,711.33
95,289.40
810.27
863.67
0.1 0.1
0.0 1.1
1.1 2,401.00
3,165.34
990.90
3.50 3.29
3.41 3.98
3.56 F H L M C Multiclass Mtg Partn - 3137FBU79
C M O Ser K069 Cl A2
3.187 09/25/2027
99,320.400
F H L M C Multiclass Mtg Partn - 3137FCJK1
C M O Ser K070 Cl A2
11/25/2027 Var
30,000.000 29,066.70 28,566.80 499.90
F H L M C Multiclass Mtg Partn - 3137FJEH8
C M O Ser K081 Cl A2
08/25/2028 Var
1,500,000.000 1,471,050.00
1,441,230.00
1,436,718.75
1,405,195.31
34,331.25
36,034.69
58,500.00
51,330.01
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 96.5620
97.1390
97.8600
96.4640
120,702.50
72,854.25
68,502.00
62,701.60
117,695.31
74,807.25
69,954.40
64,767.30
3,007.19
-1,953.00
-1,452.40
-2,065.70
0.1 0.1
0.1 0.0
3,156.25
281.25
350.00
325.00
2.61 0.39
0.51 0.52
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
F N M A - 3135G06G3
0.500 11/07/2025
65,000.000
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 84
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 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 - 3135G0X24
1.625 01/07/2025
65,000.000 99.7030
98.5290
94.7440
99.5370
99.0080
100.1980
100.2970
100.8260
100.6180
101.1130
64,806.95
64,043.85
66,319.45
64,866.10
-1,512.50
-822.25
0.0 0.0
3.7 0.2
0.1 0.1
0.2 0.5
0.5 0.1
1,056.25
406.25
1.63 0.63
0.84 3.89
3.91 4.24
4.24 4.34
4.47 4.45
F N M A Deb - 3135G03U5
0.625 04/22/2025
65,000.000
Federal Farm Credit Bks - 3133EML67
0.800 06/22/2026
5,000,000.000 4,737,200.00
209,027.70
148,512.00
75,148.50
4,977,500.00
209,202.00
150,753.00
74,100.00
-240,300.00
-174.30
40,000.00
8,137.50
5,812.50
3,187.50
11,475.00
30,625.00
31,500.00
4,275.00
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 -2,241.00
1,048.50
-2,197.80
16,765.00
10,626.00
2,142.25
Federal Farm Credit Bks - 3133EPSK2
4.250 08/07/2028
75,000.000
Federal Farm Credit Bks - 3133EPN50
4.250 12/15/2028
270,000.000 270,801.90
705,782.00
704,326.00
96,057.35
272,999.70
689,017.00
693,700.00
93,915.10
Federal Farm Credit Bks - 3133ERAK7
4.375 04/10/2029
700,000.000
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
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 85
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 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 - 3133ERDH1
4.750 04/30/2029
700,000.000 102.3260
97.1630
94.8040
94.8710
94.9470
99.2700
100.3890
100.7640
101.0680
101.1910
716,282.00
3,886,520.00
4,740,200.00
4,743,550.00
4,747,350.00
34,744.50
706,132.00
4,000,000.00
5,000,000.00
5,000,000.00
5,000,000.00
37,003.05
10,150.00
-113,480.00
-259,800.00
-256,450.00
-252,650.00
-2,258.55
0.6 3.0
3.7 3.7
3.7 0.0
0.2 0.2
0.5 0.1
33,250.00
28,000.00
43,750.00
50,000.00
52,500.00
831.25
4.64 0.72
0.92 1.05
1.11 2.39
4.23 4.34
4.45 4.45
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
Federal Home Loan Bks - 3130A4CH3
2.375 03/14/2025
35,000.000
Federal Home Loan Bks - 3130ATUS4
4.250 12/10/2027
200,000.000 200,778.00
226,719.00
707,476.00
192,262.90
204,274.00
223,860.00
693,525.00
196,165.50
-3,496.00 8,500.00
9,843.75
31,500.00
8,550.00
Federal Home Loan Bks - 3130AWTR1
4.375 09/08/2028
225,000.000 2,859.00
Federal Home Loan Bks - 3130AVBD3
4.500 03/09/2029
700,000.000 13,951.00
-3,902.60
Federal Home Loan Bks - 3130ATS57
4.500 03/10/2028
190,000.000
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 86
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 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 Bond - 912810FG8
5.250 02/15/2029
1,550,000.000 104.7500
96.6520
96.3290
96.1350
95.4610
94.1720
95.3440
98.3200
95.9340
96.0080
1,623,625.00
67,656.40
1,603,873.05
68,476.95
19,751.95
-820.55
1.3 0.1
0.1 0.1
2.9 0.1
0.1 2.3
0.6 0.6
81,375.00
175.00
5.01 0.26
0.26 0.39
0.79 0.93
1.70 2.03
2.08 2.34
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 72,246.75 73,986.33 -1,739.58
-1,450.42
-180,310.00
-5,799.85
5,922.37
187.50
U S Treasury Note - 91282CAZ4
0.375 11/30/2025
70,000.000 67,294.50 68,744.92 262.50
U S Treasury Note - 91282CBT7
0.750 03/31/2026
4,000,000.000 3,818,440.00
113,006.40
190,688.00
2,949,600.00
834,625.80
768,064.00
3,998,750.00
118,806.25
184,765.63
3,175,312.50
812,147.27
748,375.00
30,000.00
1,050.00
3,250.00
60,000.00
17,400.00
18,000.00
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
U S Treasury Note - 912828K74
2.000 08/15/2025
3,000,000.000 -225,712.50
22,478.53
19,689.00
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
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 87
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 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 - 912828M56
2.250 11/15/2025
2,000,000.000 98.0200
97.8520
98.0940
99.0840
96.5120
99.2350
97.4020
95.7850
96.4380
97.8710
1,960,400.00
782,816.00
784,752.00
792,672.00
786,572.80
793,880.00
1,587,652.60
2,011,485.00
144,657.00
797,648.65
2,140,625.00
765,630.86
767,375.00
778,218.75
765,901.95
780,218.75
1,560,182.82
2,066,046.88
143,970.70
786,333.79
-180,225.00
17,185.14
17,377.00
14,453.25
20,670.85
13,661.25
27,469.78
-54,561.88
686.30
1.5 0.6
0.6 0.6
0.6 0.6
1.2 1.6
0.1 0.6
45,000.00
20,000.00
21,000.00
22,000.00
22,412.50
23,000.00
50,937.50
65,625.00
4,687.50
2.29 2.55
2.68 2.77
2.85 2.90
3.21 3.26
3.24 3.32
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
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 11,314.86 26,487.50
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 88
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 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 - 91282CEV9
3.250 06/30/2029
1,500,000.000 96.4490
98.0350
99.1130
98.3980
98.6290
99.3160
99.6450
99.5550
99.5780
99.6430
1,446,735.00
798,985.25
792,904.00
801,943.70
877,798.10
844,186.00
797,160.00
821,328.75
1,294,514.00
817,072.60
1,443,515.63
784,646.88
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
3,219.37
14,338.37
12,716.50
14,320.45
19,231.69
19,254.36
14,191.25
18,991.84
-21,888.34
6,685.88
1.1 0.6
0.6 0.6
0.7 0.7
0.6 0.6
1.0 0.6
48,750.00
28,525.00
29,000.00
29,543.75
33,375.00
32,937.50
32,000.00
33,000.00
52,000.00
32,800.00
3.37 3.57
3.66 3.68
3.80 3.90
4.01 4.02
4.02 4.01
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
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
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
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 89
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 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 - 91282CKG5
4.125 03/31/2029
1,600,000.000 100.0390
99.8050
1,600,624.00
798,440.00
790,031.60
800,096.00
1,650,643.50
2,002,960.00
799,216.00
854,445.50
1,609,440.00
848,971.50
1,574,437.50
786,781.25
773,639.07
790,265.63
1,630,343.75
1,990,234.38
789,312.50
838,150.40
1,656,250.00
839,707.03
26,186.50
11,658.75
16,392.53
9,830.37
1.2 0.6
0.6 0.6
1.3 1.5
0.6 0.7
1.2 0.7
66,000.00
33,000.00
32,587.50
33,000.00
68,062.50
82,500.00
34,000.00
36,125.00
68,000.00
36,125.00
4.12 4.13
4.13 4.13
4.12 4.12
4.25 4.23
4.22 4.25
U S Treasury Note - 91282CHH7
4.125 06/15/2026
800,000.000
U S Treasury Note - 91282CHQ7
4.125 07/31/2028
790,000.000 100.0040
100.0120
100.0390
100.1480
99.9020
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 20,299.75
12,725.62
9,903.50
U S Treasury Note - 91282CLR0
4.125 10/31/2029
2,000,000.000
U S Treasury Note - 91282CJV4
4.250 01/31/2026
800,000.000
U S Treasury Note - 91282CKD2
4.250 02/28/2029
850,000.000 100.5230
100.5900
99.8790
16,295.10
-46,810.00
9,264.47
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
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 90
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 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 - 91282CJS1
4.250 12/31/2025
850,000.000 99.8870
100.2420
100.8440
100.9450
100.3520
100.2580
100.7660
101.6370
100.3950
100.3590
849,039.50
801,936.00
806,752.00
858,032.50
802,816.00
852,193.00
806,128.00
1,626,192.00
853,357.50
802,872.00
838,876.95
791,375.00
791,476.57
839,308.59
790,250.00
842,828.13
793,125.00
1,614,812.50
842,164.06
794,500.00
10,162.55
10,561.00
15,275.43
18,723.91
12,566.00
9,364.87
0.7 0.6
0.6 0.7
0.6 0.7
0.6 1.3
0.7 0.6
36,125.00
35,000.00
35,000.00
37,187.50
35,000.00
38,250.00
36,000.00
72,000.00
38,250.00
37,000.00
4.25 4.36
4.34 4.33
4.36 4.49
4.47 4.43
4.48 4.61
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
U S Treasury Note - 91282CJP7
4.375 12/15/2026
800,000.000
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 13,003.00
11,379.50
11,193.44
8,372.00
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
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 91
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 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 - 91282CKP5
4.625 04/30/2029
1,600,000.000 102.0660
101.1720
100.1840
100.8010
1,633,056.00
1,517,580.00
801,472.00
1,609,593.75
1,505,683.59
796,187.50
23,462.25
11,896.41
5,284.50
1.3 1.2
0.6 74,000.00
69,375.00
38,000.00
4.53 4.57
4.74 4.84
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
U S Treasury Note - 91282CKK6
4.875 04/30/2026
800,000.000 806,408.00 799,125.00 7,283.00 0.6 39,000.00 Total US Government Issues $88,349,216.95 $89,484,426.91 -$1,135,209.96 68.1 $2,549,563.95 Corporate Issues
Ace Ina Holding - 00440EAS6
3.150 03/15/2025
50,000.000 99.5020
95.3840
49,751.00
57,230.40
51,448.00
59,740.80
-1,697.00
-2,510.40
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
130,000.000 100.6580
100.8630
130,855.40
605,178.00
131,033.50
595,380.00
-178.10 0.1
0.5 6,110.00 4.67
4.86 American Honda Finance - 02665WFD8
Medium Term Note
4.900 03/12/2027
600,000.000 9,798.00 29,400.00
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 92
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 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
American Honda Finance - 02665WFE6
Medium Term Note
4.900 03/13/2029
850,000.000 100.9810
96.0990
98.7010
858,338.50
24,024.75
98,701.00
843,616.50
25,621.00
96,949.00
14,722.00
-1,596.25
1,752.00
0.7 0.0
0.1 41,650.00
512.50
4.85 2.13
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
Bank Amer Corp Sr - 06051GJD2
Medium Term Note
1.319 06/19/2026
40,000.000 98.1070
100.2850
99.9260
100.4330
98.2750
98.0980
39,242.80
30,085.50
899,334.00
703,031.00
663,356.25
73,573.50
40,105.60
30,000.00
881,811.00
694,316.00
656,743.45
71,563.50
-862.80
85.50 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
1.34 5.07
4.55 4.93
3.62 3.90
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 17,523.00
8,715.00
6,612.80
2,010.00
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
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 93
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 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 Of America Corp - 06051GHG7
Medium Term Note
3.970 03/05/2029
1,050,000.000 97.4520
95.8290
1,023,246.00
43,123.05
992,729.50
44,991.45
30,516.50
-1,868.40
0.8 0.0
41,685.00
1,035.00
4.07 2.40
Berkshire Hathaway Fin - 084664CZ2
2.300 03/15/2027
45,000.000
Bmw Veh Owner Tr - 05602RAD3
A B S Ser 2022 A Cl A 3
08/25/2026 Var
5,590.000 99.4440
100.0800
101.3010
100.3760
5,558.92
40,066.45
577,415.70
80,300.80
5,589.71
40,106.83
569,913.42
79,988.80
-30.79
-40.38
0.0 0.0
0.4 0.1
179.44
2,065.78
29,526.00
3,840.00
3.23 5.16
5.11 4.78
Bmw Vehicle Lease - 05593AAC3
A B S Ser 2023 1 Cl A 3
5.160 11/25/2025
40,034.420
Bmw Vehicle Owner Trust - 096919AD7
A B S Ser 2024 A Cl A 3
5.180 02/26/2029
570,000.000 7,502.28
312.00
Caterpillar Finl Svcs - 14913R3B1
Medium Term Note
4.800 01/06/2026
80,000.000
Caterpillar Finl Svcs - 14913UAJ9
Medium Term Note
4.850 02/27/2029
1,300,000.000 101.4040
95.5830
96.0780
1,318,252.00
23,895.75
1,290,499.00
24,991.70
27,753.00
-1,095.95
883.15
1.0 0.0
0.1 63,050.00
612.50
4.78 2.56
3.33 Charles Schwab Corp - 808513BY0
2.450 03/03/2027
25,000.000
85,000.000
Charles Schwab Corp - 808513AU9
3.200 01/25/2028
81,666.30 80,783.15 2,720.00
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 94
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 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
Cisco Sys Inc - 17275RBQ4
4.800 02/26/2027
700,000.000 100.9380
97.3820
706,566.00
19,476.40
694,694.00
19,535.80
11,872.00
-59.40
0.5 0.0
33,600.00
600.00
4.75 3.08
Costco Wholesale Corp - 22160KAM7
3.000 05/18/2027
20,000.000
Deere John Capital Corp - 24422EWJ4
Medium Term Note
4.050 09/08/2025
70,000.000 99.6300
97.0580
69,741.00
33,970.30
69,267.10
36,755.95
473.90 0.1
0.0 2,835.00
1,032.50
4.06 3.04
Duke Energy Carolinas - 26442CAS3
2.950 12/01/2026
35,000.000 -2,785.65
Ford Cr Auto Owner Tr - 34535VAD6
A B S Ser 2024 D Cl A 3
4.840 07/15/2029
775,000.000 100.3260
98.9180
777,526.50
3,080.90
774,975.12
3,114.32
2,551.38
-33.42
0.6 0.0
37,510.00
39.24 4.82
1.27 Gm Fin Cons Auto Rec - 380146AC4
A B S Ser 2022 1 Cl A3
1.260 11/16/2026
3,114.600
Gm Fin Cons Auto Rec Tr - 362554AC1
A B S Ser 2021 4 Cl A 3
0.680 09/16/2026
2,462.200 98.8760 2,434.52 2,462.12 -27.60 0.0
0.6 16.74 0.69
4.82 Home Depot Inc - 437076CW0
4.900 04/15/2029
750,000.000 101.6640 762,480.00 742,725.00 19,755.00 36,750.00 Honda Auto Rec Owner - 437930AC4
A B S Ser 2024 2 Cl A 3
5.270 11/20/2028
210,000.000 101.3350 212,803.50 209,974.48 2,829.02 0.2 11,067.00 5.20 Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 95
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 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 Rec Ownr Tr - 43815BAC4
A B S Ser 2022 1 Cl A 3
1.880 05/15/2026
34,312.810 98.9870
99.0290
33,965.22
1,917.74
33,005.95
1,936.12
959.27
-18.38
0.0 0.0
645.08
17.04 1.90
0.89 Honda Auto Rec Ownr Tr 2021 4 - 43815GAC3
A B S Ser 2021 4 Cl A3
01/21/2026 Var
1,936.540
Honda Auto Receivables Owner - 43813YAC6
A B S Ser 2024 3 Cl A3
4.570 03/21/2029
800,000.000 100.1590
96.5880
801,272.00
135,223.20
799,874.32
131,150.60
1,397.68
4,072.60
0.6 0.1
36,560.00
3,500.00
4.56 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
2,938.480 99.3990
99.1090
100.2360
99.2380
2,920.82
9,275.24
2,896.38
9,358.27
24.44 -83.03
0.0 0.0
1.2 0.0
21.74 207.76
0.74 2.24
4.49 0.52
Hyundai Auto Rec Tr - 448977AD0
A B S Ser 2022 A Cl A3
10/15/2026 Var
9,358.630
John Deere Capital Corporation - 24422EXH7
Medium Term Note
4.500 01/16/2029
1,550,000.000 1,553,658.00
2,262.39
1,509,761.00
2,279.55
43,897.00
-17.16
69,750.00
11.85 John Deere Own - 47789QAC4
A B S Ser 2021 B Cl A 3
03/16/2026 Var
2,279.760
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 96
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 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 - 47800BAC2
A B S Ser 2022 C Cl A 3
5.090 06/15/2027
20,026.970 100.2260
99.0360
20,072.23
3,294.72
20,078.60
20,025.41
3,326.05
19,996.36
46.82 -31.33
82.24 0.0
0.0 0.0
1,019.37
77.18 5.08
2.34 4.99
John Deere Owner Tr - 47787JAC2
A B S Ser 2022 Cl A 3
09/15/2026 Var
3,326.790
John Deere Owner Trust - 47800CAC0
A B S Ser 2023 A Cl A3
5.010 11/15/2027
20,000.000 100.3930 1,002.00
John Deere Ownr Tr - 47800AAC4
A B S Ser 2022 B Cl A3
02/16/2027 Var
9,732.070
70,000.000
12,000.000
99.3860
98.0620
98.9270
96.4570
99.0880
99.3160
9,672.32
68,643.40
9,731.14
67,053.70
-58.82
1,589.70
-576.72
0.0 0.1
0.0 0.9
0.3 0.0
363.98
2,647.40
249.96
3.76 3.86
2.11 3.64
4.00 2.01
Jpmorgan Chase Co - 46625HRY8
02/01/2028 Var
Jpmorgan Chase Co - 46647PBK1
2.083 04/22/2026
11,871.24 12,447.96
Jpmorgan Chase Co - 46647PAM8
3.509 01/23/2029
1,250,000.000 1,205,712.50
396,352.00
34,760.60
1,169,226.50
388,284.00
36,067.15
36,486.00
8,068.00
-1,306.55
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
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 97
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 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
Mercedes Benz Auto - 58770AAC7
A B S Ser 2023 1 Cl A3
4.510 11/15/2027
30,449.380 99.8900
99.4050
98.7970
30,415.89
129,226.50
123,496.25
30,445.73
130,394.70
120,882.50
-29.84
-1,168.20
2,613.75
0.0 0.1
0.1 1,373.27
5,265.00
3,906.25
4.51 4.07
3.16 Merck Co Inc - 58933YBH7
4.050 05/17/2028
130,000.000
Microsoft Corp - 594918BJ2
3.125 11/03/2025
125,000.000
Morgan Stanley - 61747YEZ4
Medium Term Note
5.050 01/28/2027
750,000.000 100.3120
101.0720
752,340.00
808,576.00
744,262.05
794,520.00
8,077.95 0.6
0.6 37,875.00
41,312.00
5.03 5.11
Morgan Stanley - 61747YFD2
Medium Term Note
5.164 04/20/2029
800,000.000 14,056.00
Morgan Stanley Fr - 6174468Q5
Medium Term Note
2.188 04/28/2026
35,000.000 98.9190
96.3330
34,621.65 33,013.20 1,608.45 0.0
1.2 765.80 2.21
3.84 National Rural Util Coop - 637432NS0
3.700 03/15/2029
1,600,000.000 1,541,328.00 1,507,712.00 33,616.00 59,200.00 National Rural Utils Coop Fin - 63743HFE7
Medium Term Note
3.450 06/15/2025
10,000.000 99.2780
99.7650
9,927.80 9,997.30 -69.50 0.0
0.1 345.00 3.47
4.46 National Rural Utils Corp Fin - 63743HFH0
Medium Term Note
4.450 03/13/2026
70,000.000 69,835.50 69,950.30 -114.80 3,115.00
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 98
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 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
Northern Tr Corp Sr Nt - 665859AW4
4.000 05/10/2027
15,000.000 99.0240 14,853.60 14,975.70 -122.10
-215.95
1,230.00
0.0 0.0
0.1 600.00
997.50
4.04 2.87
4.57 Paccar Financial Corp - 69371RR73
Medium Term Note
2.850 04/07/2025
35,000.000 99.3570 34,774.95 34,990.90
99,515.00
Paccar Financial Corp - 69371RS31
Medium Term Note
4.600 01/10/2028
100,000.000 100.7450 100,745.00 4,600.00
Paccar Financial Corp - 69371RS80
Medium Term Note
4.600 01/31/2029
1,500,000.000 100.6480
99.2060
99.9660
101.2800
1,509,720.00
128,967.80
134,954.10
1,620,480.00
1,468,515.00
124,989.80
134,947.35
1,577,232.00
41,205.00
3,978.00
6.75 1.2
0.1 0.1
1.2 69,000.00
3,575.00
6,423.30
78,000.00
4.57 2.77
4.76 4.81
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 43,248.00
Public Service Electric - 74456QBR6
Medium Term Note
2.250 09/15/2026
850,000.000 96.0630
96.9800
816,535.50
775,840.00
807,126.00
752,432.00
9,409.50 0.6
0.6 19,125.00
29,200.00
2.34 3.76
Public Service Electric - 74456QBX3
Medium Term Note
3.650 09/01/2028
800,000.000 23,408.00
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 99
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 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
Reality Income Corp - 756109AV6
3.875 04/15/2025
20,000.000 99.6750
98.6680
100.2120
97.1410
101.0820
95.2340
19,935.00
98,668.00
19,714.00
97,097.00
221.00
1,571.00
42,179.00
27,592.00
1,352.50
-919.20
0.0 0.1
1.1 0.6
0.1 0.0
775.00
3,950.00
68,875.00
30,000.00
6,241.25
390.00
3.89 4.00
4.74 3.86
4.94 2.05
Realty Income Corp - 756109BG8
3.950 08/15/2027
100,000.000
Realty Income Corp Sr - 756109CF9
4.750 02/15/2029
1,450,000.000 1,453,074.00
777,128.00
126,352.50
19,046.80
1,410,895.00
749,536.00
125,000.00
19,966.00
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
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 98.6260
99.0730
39,450.40
15,360.03
39,866.00
14,600.78
-415.60
759.25
0.0 0.0
1,643.20
110.08
4.16 0.72
Toyota Auto Rec Own Tr - 89238JAC9
A B S Ser 2021 D Cl A 3
04/15/2026 Var
15,503.750
Toyota Auto Rec Own Tr - 89231CAD9
A B S Ser 2022 C Cl A 3
3.760 04/15/2027
19,019.650 99.4750
99.9570
18,919.80 18,703.15 216.65 0.0
0.3 715.14 3.78
4.47 Toyota Auto Rec Tr 2024-D 6/15/2029 - 89239TAD4
4.470000
405,000.000 404,825.85 404,977.40 -151.55 18,103.50
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 100
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 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
Toyota Mtr Cr Corp - 89236TJK2
Medium Term Note
1.125 06/18/2026
40,000.000 95.1590
99.6160
38,063.60
29,884.80
39,982.40
29,959.80
-1,918.80
-75.00
0.0 0.0
0.1 1.1
450.00
435.00
1.18 1.46
4.60 5.12
Toyota Mtr Cr Corp - 89236TJT3
Medium Term Note
1.450 01/13/2025
30,000.000
Toyota Mtr Cr Corp - 89236TKQ7
Medium Term Note
4.625 01/12/2028
80,000.000 100.4810
102.5660
80,384.80 79,947.20 437.60 3,700.00
76,125.00
Toyota Mtr Cr Corp - 89236TLB9
Medium Term Note
5.250 09/11/2028
1,450,000.000 1,487,207.00 1,455,605.50 31,601.50
Truist Finl Corp - 89788MAA0
Medium Term Note
1.200 08/05/2025
30,000.000 97.7030
95.3280
99.1060
102.3450
29,310.90
38,131.20
842,401.00
716,415.00
29,341.20
39,563.60
822,681.00
702,464.00
-30.30
-1,432.40
19,720.00
13,951.00
0.0 0.0
0.6 0.6
360.00
460.00
1.23 1.21
4.29 5.13
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 99.6070 1,593,712.00 1,550,764.50 42,947.50 1.2 74,448.00 4.67 Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 101
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 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
Walmart Inc - 931142ER0
1.050 09/17/2026
10,000.000 94.4300 9,443.00 9,981.10 -538.10 0.0 105.00 1.11 Total Corporate Issues $30,799,610.63 $30,194,393.42 $605,217.21 23.7 $1,356,635.70 Foreign Issues
Bank Montreal Que - 06368D3S1
Medium Term Note
3.700 06/07/2025
75,000.000 99.4820 74,611.50 73,120.50 1,491.00 0.1 2,775.00 3.72 Bank Of Montreal - 06368FAC3
Medium Term Note
1.250 09/15/2026
40,000.000 94.3020
96.3800
37,720.80 39,951.60 -2,230.80
2,949.60
0.0 0.1
500.00 1.33
3.24 Inter American Devel Bk - 4581X0DC9
3.125 09/18/2028
120,000.000 115,656.00 112,706.40 3,750.00
Inter American Devel Bk - 4581X0DV7
Medium Term Note
0.875 04/20/2026
75,000.000 95.4130 71,559.75 74,656.50 -3,096.75 0.1 656.25 0.92 Inter American Devel Bk - 4581X0EN4
Medium Term Note
4.125 02/15/2029
1,385,000.000 100.0070
97.8000
98.5360
1,385,096.95
1,320,300.00
2,310,669.20
1,381,426.20
1,350,850.50
2,338,879.55
3,670.75
-30,550.50
-28,210.35
1.1 1.0
1.8 57,131.25
48,937.50
90,868.75
4.13 3.71
3.93 International Bank - 459058KL6
3.625 09/21/2029
1,350,000.000
International Bank - 459058LN1
3.875 10/16/2029
2,345,000.000
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 102
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 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
International Bank M T N - 459058JL8
0.500 10/28/2025
75,000.000 96.5630
97.7810
72,422.25 74,670.05 -2,247.80
22,165.00
0.1 1.0
375.00 0.52
3.58 International Bank M T N - 459058KT9
3.500 07/12/2028
1,300,000.000 1,271,153.00 1,248,988.00 45,500.00
International Finance Corp - 45950KDD9
Medium Term Note
4.500 07/13/2028
100,000.000 101.1350
99.5210
101,135.00
19,904.20
99,889.00
19,992.60
1,246.00
-88.40
0.1 0.0
0.1 1.2
0.1 4,500.00
675.00
4.45 3.39
4.86 4.89
5.08 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
80,000.000 100.8160
101.2590
100.3910
80,652.80 79,957.60 695.20 3,920.00
76,725.00
4,082.40
Royal Bk Cda - 78016HZV5
Medium Term Note
4.950 02/01/2029
1,550,000.000 1,569,514.50
80,312.80
1,530,273.50
79,890.40
39,241.00
422.40
Toronto Dominion Bank - 89115A2K7
Medium Term Note
5.103 01/09/2026
80,000.000
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 103
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 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
Toronto Dominion Bk - 89115A2U5
Medium Term Note
5.523 07/17/2028
1,400,000.000 102.6880 1,437,632.00 1,406,219.50 31,412.50 1.1 77,322.00 5.38 Total Foreign Issues $9,948,340.75 $9,911,471.90 $36,868.85 7.7 $417,718.15 Total Taxable Bonds $129,097,168.33
$129,769,295.08
$129,590,292.23
$130,262,418.98
-$493,123.90
-$493,123.90
99.5 $4,323,917.80
$4,354,180.27Total Assets 100.0
Estimated Current Yield 3.35
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: 10.3
Treasurer's Report - December 2024
Item Page Number: 104
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 30, 2024
TRANSACTION DETAIL
Date
Posted Activity Description Cash Tax Cost
Beginning Balance 11/01/2024 $0.00 $130,226,074.74
11/01/24
11/01/24
11/04/24
11/07/24
11/08/24
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Interest Earned On
Honeywell 2.500% 11/01/26
0.0125 USD/$1 Pv On 140,000 Par Value Due 11/1/24
1,750.00
Interest Earned On
Federated Hermes Govt Obligs Is
Interest From 10/1/24 To 10/31/24
816.90
1,953.13
162.50
Interest Earned On
Microsoft Corp 3.125% 11/03/25
0.015625 USD/$1 Pv On 125,000 Par Value Due 11/3/24
Interest Earned On
F N M A 0.500% 11/07/25
0.0025 USD/$1 Pv On 65,000 Par Value Due 11/7/24
Interest Earned On 483.75
Caterpillar Finl Mtn 2.150% 11/08/24
0.01075 USD/$1 Pv On 45,000 Par Value Due 11/8/24
Interest On 11/8/24 Maturity
11/08/24 Sale Matured 45,000 Par Value Of
Caterpillar Finl Mtn 2.150% 11/08/24
Trade Date 11/8/24
45,000.00 -45,481.50
45,000 Par Value At 100 %
11/12/24
11/12/24
11/15/24
11/15/24
Asset Income
Asset Income
Asset Income
Asset Income
Interest Earned On
Northern Tr Corp Sr 4.000% 5/10/27
0.02 USD/$1 Pv On 15,000 Par Value Due 11/10/24
300.00
300.00
1,386.00
61.12 Interest Earned On
Amazon Com Inc 1.000% 5/12/26
0.005 USD/$1 Pv On 60,000 Par Value Due 11/12/24
Interest Earned On
Toyota Auto Rec Tr 4.470% 6/15/29
$0.00342/Pv On 405,000.00 Pv Due 11/15/24
Interest Earned On
Honda Auto Rec Own 1.880% 5/15/26
$0.00157/Pv On 39,008.81 Pv Due 11/15/24
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 105
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 30, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
11/15/24
11/15/24
11/15/24
11/15/24
11/15/24
11/15/24
11/15/24
11/15/24
11/15/24
11/15/24
11/15/24
Sale Paid Down 4,696 Par Value Of
Honda Auto Rec Own 1.880% 5/15/26
Trade Date 11/15/24
4,696.00 -4,517.14
Asset Income
Sale
Interest Earned On
Hyundai Auto Rec 2.220% 10/15/26
19.59 1,231.56
2.36 $0.00185/Pv On 10,590.19 Pv Due 11/15/24
Paid Down 1,231.56 Par Value Of
Hyundai Auto Rec 2.220% 10/15/26
Trade Date 11/15/24
-1,231.51
-878.98
-532.33
-567.44
-878.35
Asset Income
Sale
Interest Earned On
Hyundai Auto Rec Tr 0.740% 5/15/26
$0.00062/Pv On 3,830.24 Pv Due 11/15/24
Paid Down 891.76 Par Value Of
Hyundai Auto Rec Tr 0.740% 5/15/26
Trade Date 11/15/24
891.76
7.46Asset Income
Sale
Interest Earned On
John Deere Owner 2.320% 9/15/26
$0.00193/Pv On 3,859.24 Pv Due 11/15/24
Paid Down 532.45 Par Value Of
John Deere Owner 2.320% 9/15/26
Trade Date 11/15/24
532.45
1.23Asset Income
Sale
Interest Earned On
John Deere Own 0.520% 3/16/26
$0.00043/Pv On 2,847.25 Pv Due 11/15/24
Paid Down 567.49 Par Value Of
John Deere Own 0.520% 3/16/26
Trade Date 11/15/24
567.49
33.07Asset Income
Sale
Interest Earned On
John Deere Ownr Tr 3.740% 2/16/27
$0.00312/Pv On 10,610.50 Pv Due 11/15/24
Paid Down 878.43 Par Value Of
John Deere Ownr Tr 3.740% 2/16/27
Trade Date 11/15/24
878.43
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 106
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 30, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
11/15/24
11/15/24
11/15/24
11/15/24
11/15/24
11/15/24
11/15/24
11/15/24
11/15/24
11/15/24
11/15/24
Asset Income Interest Earned On
John Deere Owner 5.090% 6/15/27
$0.00424/Pv On
90.72 21,388.47 Pv Due 11/15/24
Sale Paid Down 1,361.5 Par Value Of
John Deere Owner 5.090% 6/15/27
Trade Date 11/15/24
1,361.50
83.50 -1,361.39
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 11/15/24
Interest Earned On
Mercedes Benz Auto 4.510% 11/15/27
$0.00376/Pv On
122.01
32,464.01 Pv Due 11/15/24
Paid Down 2,014.63 Par Value Of
Mercedes Benz Auto 4.510% 11/15/27
Trade Date 11/15/24
2,014.63
64.05 -2,014.39
-1,398.44
-2,903.36
Asset Income
Sale
Interest Earned On
Toyota Auto Rec 3.760% 4/15/27
$0.00313/Pv On 20,441.76 Pv Due 11/15/24
Paid Down 1,422.11 Par Value Of
Toyota Auto Rec 3.760% 4/15/27
Trade Date 11/15/24
1,422.11
11.00Asset Income
Sale
Interest Earned On
Toyota Auto Rec 0.710% 4/15/26
$0.00059/Pv On 18,586.67 Pv Due 11/15/24
Paid Down 3,082.92 Par Value Of
Toyota Auto Rec 0.710% 4/15/26
Trade Date 11/15/24
3,082.92
8,700.00
22,500.00
Asset Income
Asset Income
Interest Earned On
U S Treasury Nt 2.000% 11/15/26
0.01 USD/$1 Pv On 870,000 Par Value Due 11/15/24
Interest Earned On
U S Treasury Nt 2.250% 11/15/25
0.01125 USD/$1 Pv On 2,000,000 Par Value Due 11/15/24
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 107
Menifee Mayor and City Council
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 30, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
11/15/24
11/15/24
11/15/24
11/18/24
11/18/24
11/18/24
11/18/24
11/18/24
11/18/24
11/18/24
11/20/24
Asset Income
Asset Income
Asset Income
Asset Income
Sale
Interest Earned On
U S Treasury Nt 3.125% 11/15/28
0.015625 USD/$1 Pv On 150,000 Par Value Due 11/15/24
2,343.75
Interest Earned On
U S Treasury Nt 3.625% 5/15/26
0.018125 USD/$1 Pv On 800,000 Par Value Due 11/15/24
14,500.00
230.00
1.62 Interest Earned On
Unitedhealth 1.150% 5/15/26
0.00575 USD/$1 Pv On 40,000 Par Value Due 11/15/24
Interest Earned On
Gm Fin Cons Auto 0.680% 9/16/26
$0.00057/Pv On 2,853.61 Pv Due 11/16/24
Paid Down 391.41 Par Value Of
Gm Fin Cons Auto 0.680% 9/16/26
Trade Date 11/16/24
391.41
922.25
3.72 -391.40
Asset Income
Asset Income
Sale
Interest Earned On
Honda Auto Rec Owner 5.270% 11/20/28
$0.00439/Pv On 210,000.00 Pv Due 11/18/24
Interest Earned On
Gm Fin Cons Auto 1.260% 11/16/26
$0.00105/Pv On 3,547.36 Pv Due 11/16/24
Paid Down 432.76 Par Value Of
Gm Fin Cons Auto 1.260% 11/16/26
Trade Date 11/16/24
432.76
2,632.50
300.00
-8,550.87
-432.72
Asset Income
Asset Income
Cash Disbursement
Interest Earned On
Merck Co Inc 4.050% 5/17/28
0.02025 USD/$1 Pv On 130,000 Par Value Due 11/17/24
Interest Earned On
Costco Wholesale 3.000% 5/18/27
0.015 USD/$1 Pv On 20,000 Par Value Due 11/18/24
Cash Disbursement
Paid To Chandler Asset Mgmt
Payment Of Funds As Requested
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 108
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 30, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
11/20/24 Purchase Purchased 2,000,000 Par Value Of
U S Treasury Nt 4.125% 10/31/29
Trade Date 11/19/24
-1,990,234.38 1,990,234.38
Purchased Through J.P. Morgan Securities LLC
Purchased On The Off-Exchange Transactions - Li
Swift External Ref#: 8432403133032278
2,000,000 Par Value At 99.511719 %
11/20/24
11/20/24
Purchase Accrued Interest
Sale
Paid Accrued Interest On Purchase Of
U S Treasury Nt 4.125% 10/31/29
Income Debit 4,558.01- USD
-4,558.01
Sold 3,000,000 Par Value Of 2,958,398.44 -2,990,625.00
U S Treasury Nt 0.500% 3/31/25
Trade Date 11/19/24
Sold Through Morgan Stanley & Co. LLC
Sold On The Off-Exchange Transactions - Li
Swift External Ref#: 8432403133032144
3,000,000 Par Value At 98.61328133 %
11/20/24
11/21/24
11/21/24
11/21/24
11/22/24
Sell Accrued Interest
Asset Income
Asset Income
Sale
Received Accrued Interest On Sale Of
U S Treasury Nt 0.500% 3/31/25
Income Credit 2,101.65 USD
2,101.65
3,046.67
1.71 Interest Earned On
Honda Auto 4.570% 3/21/29
$0.00381/Pv On 800,000.00 Pv Due 11/21/24
Interest Earned On
Honda Auto Rec 0.880% 1/21/26
$0.00073/Pv On 2,326.30 Pv Due 11/21/24
Paid Down 389.76 Par Value Of
Honda Auto Rec 0.880% 1/21/26
Trade Date 11/21/24
389.76 -389.68
Purchase Purchased 775,000 Par Value Of -774,975.12 774,975.12 Ford Cr Auto Owner 4.840% 7/15/29
Trade Date 11/19/24
Purchased Through Barclays Capital Inc. Fixed In
Purchased On The Off-Exchange Transactions - Li
Swift External Ref#: 8432403133032679
775,000 Par Value At 99.99678968 %
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 109
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 30, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
11/25/24
11/25/24
11/25/24
11/25/24
11/25/24
11/25/24
11/25/24
11/25/24
11/25/24
11/25/24
11/25/24
Asset Income Interest Earned On
F H L M C Mltcl Mt 3.284% 6/25/25
$0.00274/Pv On
162.48
59,370.42 Pv Due 11/25/24
Sale Paid Down 125.88 Par Value Of
F H L M C Mltcl Mt 3.284% 6/25/25
Trade Date 11/25/24
125.88
311.98
95.85 -133.86
Asset Income
Asset Income
Sale
Interest Earned On
F H L M C Mltcl Mtg 2.995% 12/25/25
$0.00250/Pv On 125,000.00 Pv Due 11/25/24
Interest Earned On
F H L M C Mltcl Mtg 3.329% 5/25/25
$0.00277/Pv On 34,550.24 Pv Due 11/25/24
Paid Down 298.25 Par Value Of
F H L M C Mltcl Mtg 3.329% 5/25/25
Trade Date 11/25/24
298.25
231.40
13,778.35
16.88 -306.55
-13,803.27
-718.81
Asset Income
Sale
Interest Earned On
Bmw Vehicle Lease 5.160% 11/25/25
$0.00430/Pv On 53,812.77 Pv Due 11/25/24
Paid Down 13,778.35 Par Value Of
Bmw Vehicle Lease 5.160% 11/25/25
Trade Date 11/25/24
Asset Income
Sale
Interest Earned On
Bmw Veh Owner Tr 3.210% 8/25/26
$0.00268/Pv On 6,308.85 Pv Due 11/25/24
Paid Down 718.85 Par Value Of
Bmw Veh Owner Tr 3.210% 8/25/26
Trade Date 11/25/24
718.85
2,460.50
17.39 Asset Income
Asset Income
Interest Earned On
Bmw Vehicle Owner 5.180% 2/26/29
$0.00432/Pv On 570,000.00 Pv Due 11/25/24
Interest Earned On
F H L M C Mltcl Mtg 2.670% 12/25/24
$0.00222/Pv On 7,817.57 Pv Due 11/25/24
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 110
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 30, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
11/25/24
11/25/24
11/25/24
11/25/24
11/25/24
11/25/24
11/25/24
11/25/24
11/25/24
11/25/24
11/25/24
Sale Paid Down 6,603.56 Par Value Of
F H L M C Mltcl Mtg 2.670% 12/25/24
Trade Date 11/25/24
6,603.56 -6,665.47
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
69.46 160.13
252.50
276.35
199.09
200.08
264.20
159.10
82.58 $0.00278/Pv On 25,000.00 Pv Due 11/25/24
Interest Earned On
F H L M C Mltcl Mtg 2.745% 1/25/26
$0.00229/Pv On 70,000.00 Pv Due 11/25/24
Interest Earned On
F H L M C Mltcl Mtg 2.525% 5/25/26
$0.00210/Pv On 120,000.00 Pv Due 11/25/24
Interest Earned On
F H L M C Mltcl Mt 2.653% 8/25/26
$0.00221/Pv On 125,000.00 Pv Due 11/25/24
Interest Earned On
F H L M C Mltcl Mtg 3.413% 12/25/26
$0.00284/Pv On 70,000.00 Pv Due 11/25/24
Interest Earned On
F H L M C Mltcl Mt 3.430% 1/25/27
$0.00286/Pv On 70,000.00 Pv Due 11/25/24
Interest Earned On
F H L M C Mltcl Mt 3.187% 9/25/27
$0.00266/Pv On 99,479.50 Pv Due 11/25/24
Paid Down 159.1 Par Value Of
F H L M C Mltcl Mt 3.187% 9/25/27
Trade Date 11/25/24
-152.64
Asset Income
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 11/25/24
Interest Earned On 4,875.00
F H L M C Mltcl Mt 3.900% 8/25/28
$0.00325/Pv On 1,500,000.00 Pv Due 11/25/24
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 111
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 30, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
11/25/24
11/25/24
11/25/24
11/25/24
Asset Income
Asset Income
Asset Income
Asset Income
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 11/25/24
4,277.50
Interest Earned On
F H L M C Mltcl Mtg 2.982% 5/25/52
$0.00249/Pv On 1,000,000.00 Pv Due 11/25/24
2,485.00
263.02
228.49
Interest Earned On
F H L M C Mltcl Mt 2.525% 10/25/26
$0.00210/Pv On 125,000.00 Pv Due 11/25/24
Interest Earned On
F H L M C Mltcl Mtg 2.031% 9/25/28
$0.00169/Pv On 135,000.00 Pv Due 11/25/24
Purchase
Sale
Combined Purchases For The Period 11/ 1/24 - 11/30/24 Of Federated Hermes Govt Obligs Is
-1,130,044.96
783,525.99
1,130,044.96
-783,525.99Combined Sales For The Period 11/ 1/24 - 11/30/24 Of Federated Hermes Govt Obligs Is
Ending Balance 11/30/2024 $0.00 $130,262,418.98
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 112
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 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
11/25/24
11/25/24
11/08/24
Paid Down 718.85
Par Value
Trade Date 11/25/24
-718.81 718.85 0.04
Bmw Vehicle Lease
A B S Ser 2023 1 Cl A 3
5.160 11/25/2025
05593AAC3
Paid Down 13,778.35
Par Value
Trade Date 11/25/24
-13,803.27
-45,481.50
13,778.35
45,000.00
-24.92
Caterpillar Finl Service
Medium Term Note
2.150 11/08/2024
14913Q3B3
Matured 45,000 Par
Value
-481.50
Trade Date 11/8/24
45,000 Par Value At 100 %
F H L M C Multiclass Mtg Partn
C M O Ser K042 Cl A2
2.670 12/25/2024
3137BFXT3
11/25/24 Paid Down 6,603.56
Par Value
-6,665.47 6,603.56 -61.91
Trade Date 11/25/24
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 113
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 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 K047 Cl A2
3.329 05/25/2025
FHL3325A
11/25/24 Paid Down 298.25
Par Value
-306.55 298.25 -8.30
Trade Date 11/25/24
F H L M C Multiclass Mtg Partn
C M O Ser K048 Cl A2
06/25/2025
FHL3225
Var
11/25/24 Paid Down 125.88
Par Value
Trade Date 11/25/24
-133.86
-152.64
-432.72
125.88
159.10
432.76
-7.98
6.46 0.04
F H L M C Multiclass Mtg Partn
C M O Ser K069 Cl A2
3.187 09/25/2027
FHL3127A
11/25/24 Paid Down 159.1 Par
Value
Trade Date 11/25/24
Gm Fin Cons Auto Rec
A B S Ser 2022 1 Cl A3
1.260 11/16/2026
GFC1226
11/18/24 Paid Down 432.76
Par Value
Trade Date 11/16/24
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 114
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 30, 2024 SALE/MATURITY SUMMARY (continued)
Settlement Estimated
Date Description Tax Cost Proceeds Gain/Loss
Gm Fin Cons Auto Rec Tr
A B S Ser 2021 4 Cl A 3
0.680 09/16/2026
GFC0626
11/18/24 Paid Down 391.41
Par Value
-391.40 391.41 0.01
Trade Date 11/16/24
Honda Auto Rec Ownr Tr
A B S Ser 2022 1 Cl A 3
1.880 05/15/2026
HAR1826
11/15/24 Paid Down 4,696 Par
Value
Trade Date 11/15/24
-4,517.14
-389.68
-878.98
4,696.00
389.76
891.76
178.86
Honda Auto Rec Ownr Tr 2021 4
A B S Ser 2021 4 Cl A3
01/21/2026
HAR0826
Var
11/21/24
11/15/24
Paid Down 389.76
Par Value
Trade Date 11/21/24
0.08 Hyundai Auto Rec Tr
A B S Ser 2021 C Cl A3
0.740 05/15/2026
HAR0726
Paid Down 891.76
Par Value
12.78 Trade Date 11/15/24
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 115
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 30, 2024 SALE/MATURITY SUMMARY (continued)
Settlement Estimated
Date Description Tax Cost Proceeds Gain/Loss
Hyundai Auto Rec Tr
A B S Ser 2022 A Cl A3
10/15/2026
HAR2226
Var
11/15/24 Paid Down 1,231.56
Par Value
-1,231.51 1,231.56 0.05
Trade Date 11/15/24
John Deere Own
A B S Ser 2021 B Cl A 3
03/16/2026
JDO0926
Var
11/15/24
11/15/24
11/15/24
Paid Down 567.49
Par Value
Trade Date 11/15/24
-567.44
-1,361.39
-532.33
567.49
1,361.50
532.45
0.05 0.11
0.12 John Deere Owner
A B S Ser 2022 C Cl A 3
5.090 06/15/2027
JDO5027
Paid Down 1,361.5
Par Value
Trade Date 11/15/24
John Deere Owner Tr
A B S Ser 2022 Cl A 3
09/15/2026
JDO2326
Var
Paid Down 532.45
Par Value
Trade Date 11/15/24
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 116
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 30, 2024 SALE/MATURITY SUMMARY (continued)
Settlement Estimated
Date Description Tax Cost Proceeds Gain/Loss
John Deere Ownr Tr
A B S Ser 2022 B Cl A3
02/16/2027
JDO6827
Var
11/15/24 Paid Down 878.43
Par Value
-878.35 878.43 0.08
Trade Date 11/15/24
Mercedes Benz Auto
A B S Ser 2023 1 Cl A3
4.510 11/15/2027
MBA4527
11/15/24
11/15/24
11/15/24
Paid Down 2,014.63
Par Value
Trade Date 11/15/24
-2,014.39
-2,903.36
-1,398.44
2,014.63
3,082.92
1,422.11
0.24 179.56
23.67 Toyota Auto Rec Own Tr
A B S Ser 2021 D Cl A 3
04/15/2026
TAR0726
Var
Paid Down 3,082.92
Par Value
Trade Date 11/15/24
Toyota Auto Rec Own Tr
A B S Ser 2022 C Cl A 3
3.760 04/15/2027
TAR3727
Paid Down 1,422.11
Par Value
Trade Date 11/15/24
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 117
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 30, 2024 SALE/MATURITY SUMMARY (continued)
Settlement Estimated
Date Description Tax Cost Proceeds Gain/Loss
U S Treasury Note
0.500 03/31/2025
912828ZF0
11/20/24 Sold 3,000,000 Par
Value
-2,990,625.00 2,958,398.44 -32,226.56
Trade Date 11/19/24
Sold Through Morgan Stanley & Co. LLC
Sold On The Off-Exchange Transactions - Li
Swift External Ref#: 8432403133032144
3,000,000 Par Value At 98.61328133 %
Total Taxable Bonds -$3,075,384.23
-$3,075,384.23
$3,042,975.21
$3,042,975.21
-$32,409.02
-$32,409.02Total Sales & Maturities
SALE/MATURITY SUMMARY MESSAGES
Estimated Year-To-Date Short-Term Gain (Loss): $249.02
Estimated Year-To-Date Long-Term Gain (Loss): ($1,010,223.68) Estimates should not be used for tax purposes
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 118
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 30, 2024
BOND SUMMARY
Percentage of
Par Value Market Value Category
MATURITY
2024
2025
2026
2027
2028
2029
2030
1,214.01
15,653,530.95
36,622,823.56
16,838,548.47
16,180,000.00
43,255,000.00
0.00 1,209.98
15,403,349.90
35,264,431.19
16,707,593.11
16,166,416.20
43,170,397.95
0.00 0.00
11.94 27.32
12.94 12.52
33.44 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 1.842,500,000.00 2,383,770.00
Total of Category $131,051,116.99 $129,097,168.33 100.00 Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 119
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ACCOUNT NUMBER: 6736302020 November 1, 2024 to November 30, 2024 BOND SUMMARY (continued)
Percentage of
Par Value Market Value Category
MOODY'S RATING
Aaa
Aa2
Aa3
A1
A2
A3
93,985,915.57
55,000.00
92,265,002.09
52,566.05
71.46 0.04
1.41 12.27
4.52 5.65
0.02 4.63
1,815,000.00
15,962,000.00
5,770,000.00
7,285,000.00
30,000.00
1,816,924.80
15,837,565.69
5,831,907.45
7,292,323.00
29,310.90Baa1
N/A 6,148,201.42 5,971,568.35
Total of Category $131,051,116.99 $129,097,168.33 100.00
S&P RATING
AAA
AA+
AA
AA-
A+
A
A-
N/A
9,822,104.32
28,870,000.00
115,000.00
9,665,914.31
27,748,976.95
109,796.45
7.49 21.49
0.09 0.55
4.03 10.77
8.47 47.11
700,000.00 706,566.00
5,155,000.00
13,952,000.00
10,995,000.00
61,442,012.67
5,205,012.25
13,910,358.74
10,928,864.45
60,821,679.18
Total of Category $131,051,116.99 $129,097,168.33 100.00
BOND SUMMARY MESSAGES
Data contained within this section excluded Mutual Funds, Exchange Traded Funds, and Closed-Ended Funds.
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 120
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Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 121
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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: 10.3
Treasurer's Report - December 2024
Item Page Number: 122
Menifee Mayor and City Council
March 5, 2025
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020434
-UC-335
U.S. Bank
1555 N. Rivercenter Dr.
Suite 300
Milwaukee, WI 53212
000016898 06 SP
CITY OF MENIFEE
000638855396157 S
FINANCE DEPARTMENT
29844 HAUN ROAD
MENIFEE, CA 92586
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 123
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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 December 1, 2024 to December 31, 2024 000020221 07 SP
CITY OF MENIFEE
000638880301292 S
FINANCE DEPARTMENT
29844 HAUN ROAD
MENIFEE, CA 92586
Item Title: 10.3
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March 5, 2025
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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 27
40 51
Item Title: 10.3
Treasurer's Report - December 2024
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 31, 2024
MARKET VALUE SUMMARY
Current Period
12/01/24 to 12/31/24
Beginning Market Value $129,769,295.08
Taxable Interest 475,413.40
-7,782.40Paid To/For Beneficiaries
Long Term Gains/Losses
Short Term Gains/Losses
Change in Investment Value
-15,138.05
29,968.75
-530,782.73
Ending Market Value $129,720,974.05
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 128
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 31, 2024
ASSET SUMMARY
Current Period
Market Value
% of
Total
Estimated
Annual IncomeAssets
Cash & Equivalents
Taxable Bonds
340,342.96 0.30 14,702.55
129,380,631.09 99.70 4,390,183.52
Total Market Value $129,720,974.05 100.00 $4,404,886.07 Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 129
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 31, 2024
INCOME SUMMARY
Income Received
Current Period
Taxable Interest 475,413.40
Total Current Period Income $475,413.40
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 130
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 31, 2024
CASH SUMMARY
Cash
$0.00Beginning Cash 12/01/2024
Taxable Interest
Paid To/For Beneficiaries
Purchases
475,413.40
-7,782.40
-3,060,552.73
2,261,137.94
331,783.79
Sales
Net Money Market Activity
Ending Cash 12/31/2024 $0.00
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 131
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 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
340,342.960 1.0000 340,342.96 340,342.96 0.00 0.3 14,702.55 4.32 Total Cash/Money Market $340,342.96 $340,342.96 $0.00 0.3 $14,702.55 Total Cash & Equivalents $340,342.96 $340,342.96 $0.00 0.3 $14,702.55 Taxable Bonds
US Government Issues
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 91.0310
93.4150
99.3910
99.3490
122,891.85
934,150.00
32,383.30
53,877.08
116,263.48
964,765.62
33,487.91
57,671.76
6,628.37
-30,615.62
-1,104.61
-3,794.68
0.1 0.7
0.0 0.0
2,741.85
29,820.00
1,084.65
1,780.92
2.23 3.19
3.35 3.31
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
F H L M C Multiclass Mtg Partn - 3137BKRJ1
C M O Ser K047 Cl A2
3.329 05/25/2025
32,581.720
F H L M C Multiclass Mtg Partn - 3137BLAC2
C M O Ser K048 Cl A2
06/25/2025 Var
54,230.120
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 132
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March 5, 2025
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CITY OF MENIFEE Page 6 of 52
ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 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 - 3137BLW95
C M O Ser K050 Cl A2
08/25/2025 Var
23,972.610 99.1760
98.6490
98.2930
97.5170
97.0600
97.8740
97.8350
96.4590
23,775.08
123,311.25
67,123.46
117,020.40
121,325.00
68,511.80
68,484.50
95,638.96
25,691.90
121,166.99
65,362.86
116,042.97
118,955.08
67,716.80
67,711.33
95,125.78
-1,916.82
2,144.26
1,760.60
977.43
0.0 0.1
0.1 0.1
0.1 0.1
0.1 0.1
799.25
3,743.75
1,874.54
3,030.00
3,316.25
2,389.10
2,401.00
3,159.91
3.36 3.04
2.79 2.59
2.73 3.49
3.51 3.30
F H L M C Multiclass Mtg Partn - 3137BN6G4
C M O Ser K053 Cl A2
2.995 12/25/2025
125,000.000
F H L M C Multiclass Mtg Partn - 3137BNGT5
C M O Ser K054 Cl A2
2.745 01/25/2026
68,289.160
F H L M C Multiclass Mtg Partn - 3137BQYS0
C M O Ser K056 Cl A2
2.525 05/25/2026
120,000.000
F H L M C Multiclass Mtg Partn - 3137BSP72
C M O Ser K058 Cl A2
2.653 08/25/2026
125,000.000 2,369.92
795.00
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
70,000.000 773.17
F H L M C Multiclass Mtg Partn - 3137FBU79
C M O Ser K069 Cl A2
3.187 09/25/2027
99,149.860 513.18
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 133
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March 5, 2025
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CITY OF MENIFEE Page 7 of 52
ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 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 - 3137FCJK1
C M O Ser K070 Cl A2
11/25/2027 Var
30,000.000 96.5460
97.4080
95.2600
28,963.80
1,461,120.00
1,428,900.00
28,566.80
1,436,718.75
1,405,195.31
397.00
24,401.25
23,704.69
0.0 1.1
1.1 990.90
58,500.00
51,330.01
3.42 4.00
3.59 F H L M C Multiclass Mtg Partn - 3137FJEH8
C M O Ser K081 Cl A2
08/25/2028 Var
1,500,000.000
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 96.6870
94.9360
99.6060
98.4650
99.5070
99.6180
120,858.75
4,746,800.00
209,172.60
147,697.50
74,630.25
117,695.31
4,977,500.00
209,202.00
150,753.00
74,100.00
3,163.44
-230,700.00
-29.40
0.1 3.7
0.2 0.1
0.1 0.2
3,156.25
40,000.00
8,137.50
5,812.50
3,187.50
11,475.00
2.61 0.84
3.89 3.93
4.27 4.27
Federal Farm Credit Bks - 3133EML67
0.800 06/22/2026
5,000,000.000
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 -3,055.50
530.25
Federal Farm Credit Bks - 3133EPSK2
4.250 08/07/2028
75,000.000
Federal Farm Credit Bks - 3133EPN50
4.250 12/15/2028
270,000.000 268,968.60 272,999.70 -4,031.10
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 134
Menifee Mayor and City Council
March 5, 2025
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CITY OF MENIFEE Page 8 of 52
ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 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 - 3133ERAK7
4.375 04/10/2029
700,000.000 99.9180
100.5030
100.4970
101.4130
97.5090
95.1690
95.2090
95.2810
99.8600
99.9600
699,426.00
703,521.00
95,472.15
689,017.00
693,700.00
93,915.10
10,409.00
9,821.00
0.5 0.5
0.1 0.5
3.0 3.7
3.7 3.7
0.2 0.2
30,625.00
31,500.00
4,275.00
33,250.00
28,000.00
43,750.00
50,000.00
52,500.00
8,500.00
9,843.75
4.38 4.48
4.48 4.68
0.72 0.92
1.05 1.10
4.26 4.38
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 1,557.05
Federal Farm Credit Bks - 3133ERDH1
4.750 04/30/2029
700,000.000 709,891.00
3,900,360.00
4,758,450.00
4,760,450.00
4,764,050.00
199,720.00
224,910.00
706,132.00
4,000,000.00
5,000,000.00
5,000,000.00
5,000,000.00
204,274.00
223,860.00
3,759.00
Federal Home Loan Bks - 3130AMQ54
0.700 09/16/2025
4,000,000.000 -99,640.00
-241,550.00
-239,550.00
-235,950.00
-4,554.00
1,050.00
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
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
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 135
Menifee Mayor and City Council
March 5, 2025
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CITY OF MENIFEE Page 9 of 52
ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 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 - 3130AVBD3
4.500 03/09/2029
700,000.000 100.2240
100.3790
103.6540
97.0930
96.7770
96.5660
95.7840
94.3690
95.4320
98.6120
701,568.00
190,720.10
1,606,637.00
67,965.10
693,525.00
196,165.50
1,603,873.05
68,476.95
8,043.00
-5,445.40
2,763.95
0.5 0.1
1.2 0.1
0.1 0.1
3.0 0.1
0.1 2.3
31,500.00
8,550.00
81,375.00
175.00
4.49 4.48
5.06 0.26
0.26 0.39
0.78 0.93
1.70 2.03
Federal Home Loan Bks - 3130ATS57
4.500 03/10/2028
190,000.000
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 -511.85
U S Treasury Note - 91282CAT8
0.250 10/31/2025
75,000.000 72,582.75 73,986.33 -1,403.58
-1,148.72
-167,390.00
-5,563.45
6,098.37
187.50
U S Treasury Note - 91282CAZ4
0.375 11/30/2025
70,000.000 67,596.20 68,744.92 262.50
U S Treasury Note - 91282CBT7
0.750 03/31/2026
4,000,000.000 3,831,360.00
113,242.80
190,864.00
2,958,360.00
3,998,750.00
118,806.25
184,765.63
3,175,312.50
30,000.00
1,050.00
3,250.00
60,000.00
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
U S Treasury Note - 912828K74
2.000 08/15/2025
3,000,000.000 -216,952.50
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 136
Menifee Mayor and City Council
March 5, 2025
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CITY OF MENIFEE Page 10 of 52
ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 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 - 912828U24
2.000 11/15/2026
870,000.000 95.9760
95.9660
98.2890
98.0370
98.3070
96.3070
97.1200
94.7190
95.6890
97.6550
834,991.20
767,728.00
1,965,780.00
784,296.00
786,456.00
784,902.05
1,583,056.00
1,989,099.00
143,533.50
795,888.25
812,147.27
748,375.00
2,140,625.00
765,630.86
767,375.00
765,901.95
1,560,182.82
2,066,046.88
143,970.70
786,333.79
22,843.93
19,353.00
-174,845.00
18,665.14
19,081.00
19,000.10
22,873.18
-76,947.88
-437.20
0.6 0.6
1.5 0.6
0.6 0.6
1.2 1.5
0.1 0.6
17,400.00
18,000.00
45,000.00
20,000.00
21,000.00
22,412.50
50,937.50
65,625.00
4,687.50
2.08 2.34
2.29 2.55
2.67 2.85
3.22 3.30
3.27 3.33
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
U S Treasury Note - 91282CFB2
2.750 07/31/2027
815,000.000
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 9,554.46 26,487.50
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 137
Menifee Mayor and City Council
March 5, 2025
Page
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CITY OF MENIFEE Page 11 of 52
ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 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 - 91282CEV9
3.250 06/30/2029
1,500,000.000 95.4230
97.4780
96.2190
99.1750
97.8100
97.7550
98.8520
99.5080
98.6300
98.4150
1,431,345.00
794,445.70
1,298,956.50
793,400.00
797,151.50
870,019.50
840,242.00
796,064.00
813,697.50
1,279,395.00
1,443,515.63
784,646.88
1,306,177.73
780,187.50
787,623.25
858,566.41
824,931.64
782,968.75
802,336.91
1,316,402.34
-12,170.63
9,798.82
1.1 0.6
1.0 0.6
0.6 0.7
0.6 0.6
0.6 1.0
48,750.00
28,525.00
47,250.00
29,000.00
29,543.75
33,375.00
32,937.50
32,000.00
33,000.00
52,000.00
3.41 3.59
3.64 3.65
3.71 3.84
3.92 4.02
4.06 4.06
U S Treasury Note - 91282CHA2
3.500 04/30/2028
815,000.000
U S Treasury Note - 91282CLN9
3.500 09/30/2029
1,350,000.000 -7,221.23
13,212.50
9,528.25
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
U S Treasury Note - 91282CJR3
3.750 12/31/2028
890,000.000 11,453.09
15,310.36
13,095.25
11,360.59
-37,007.34
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
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 138
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 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 - 91282CGA3
4.000 12/15/2025
820,000.000 99.8310
99.0170
99.8280
99.3100
99.6050
99.6050
98.8480
98.8640
100.0020
99.5330
818,614.20
1,584,272.00
798,624.00
784,549.00
796,840.00
1,643,482.50
1,976,960.00
1,730,120.00
800,016.00
846,030.50
810,386.72
1,574,437.50
786,781.25
773,639.07
790,265.63
1,630,343.75
1,990,234.38
1,754,375.00
789,312.50
838,150.40
8,227.48
9,834.50
0.6 1.2
0.6 0.6
0.6 1.3
1.5 1.3
0.6 0.7
32,800.00
66,000.00
33,000.00
32,587.50
33,000.00
68,062.50
82,500.00
72,187.50
34,000.00
36,125.00
4.01 4.17
4.13 4.15
4.14 4.14
4.17 4.17
4.25 4.27
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 11,842.75
10,909.93
6,574.37
U S Treasury Note - 91282CHQ7
4.125 07/31/2028
790,000.000
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 13,138.75
-13,274.38
-24,255.00
10,703.50
7,880.10
U S Treasury Note - 91282CLR0
4.125 10/31/2029
2,000,000.000
U S Treasury Note - 91282CMA6
4.125 11/30/2029
1,750,000.000
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
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 139
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 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 - 91282CKX8
4.250 06/30/2029
1,600,000.000 99.4460
100.0250
100.0250
100.1850
100.0800
100.0410
100.2270
100.2720
100.5020
100.4780
1,591,136.00
850,212.50
850,212.50
801,480.00
800,640.00
850,348.50
801,816.00
852,312.00
804,016.00
1,607,648.00
1,656,250.00
839,707.03
838,876.95
791,375.00
791,476.57
839,308.59
790,250.00
842,828.13
793,125.00
1,614,812.50
-65,114.00
10,505.47
11,335.55
10,105.00
9,163.43
1.2 0.7
0.7 0.6
0.6 0.7
0.6 0.7
0.6 1.2
68,000.00
36,125.00
36,125.00
35,000.00
35,000.00
37,187.50
35,000.00
38,250.00
36,000.00
72,000.00
4.27 4.25
4.25 4.37
4.37 4.37
4.36 4.49
4.48 4.48
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 11,039.91
11,566.00
9,483.87
U S Treasury Note - 91282CJP7
4.375 12/15/2026
800,000.000
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 10,891.00
-7,164.50
U S Treasury Note - 91282CKT7
4.500 05/31/2029
1,600,000.000
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 140
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 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 - 91282CHM6
4.500 07/15/2026
850,000.000 100.3600
100.4050
100.9580
100.8380
100.2750
100.7770
853,060.00
803,240.00
842,164.06
794,500.00
10,895.94
8,740.00
5,734.25
6,886.41
6,012.50
0.7 0.6
1.2 1.2
0.6 38,250.00
37,000.00
74,000.00
69,375.00
38,000.00
4.48 4.61
4.58 4.59
4.74 4.84
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 1,615,328.00
1,512,570.00
802,200.00
1,609,593.75
1,505,683.59
796,187.50
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
U S Treasury Note - 91282CKK6
4.875 04/30/2026
800,000.000 806,216.00 799,125.00 7,091.00 0.6 39,000.00 Total US Government Issues $89,065,140.68 $90,443,133.76 -$1,377,993.08 68.7 $2,619,830.88 Corporate Issues
Amazon Com Inc - 023135BX3
1.000 05/12/2026
60,000.000 95.6800
99.7330
57,408.00 59,740.80 -2,332.80
-1,380.60
0.0 0.1
600.00 1.04
4.71 American Honda Fin Corp - 02665WED9
Medium Term Note
4.700 01/12/2028
130,000.000 129,652.90 131,033.50 6,110.00
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 141
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 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
American Honda Finance - 02665WFD8
Medium Term Note
4.900 03/12/2027
600,000.000 100.2190 601,314.00 595,380.00 5,934.00 0.5 29,400.00 4.89 American Honda Finance - 02665WFE6
Medium Term Note
4.900 03/13/2029
850,000.000 99.6570
96.1910
98.7940
847,084.50
24,047.75
98,794.00
843,616.50
25,621.00
96,949.00
3,468.00
-1,573.25
1,845.00
0.7 0.0
0.1 41,650.00
512.50
4.92 2.13
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
Bank Amer Corp Sr - 06051GJD2
Medium Term Note
1.319 06/19/2026
40,000.000 98.3670
100.2900
99.2430
100.4170
98.3940
39,346.80
30,087.00
893,187.00
702,919.00
664,159.50
40,105.60
30,000.00
-758.80
87.00 0.0
0.0 0.7
0.5 0.5
527.60
1,524.00
1.34 5.06
4.58 4.93
3.62 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
900,000.000 881,811.00
694,316.00
656,743.45
11,376.00
8,603.00
7,416.05
40,887.00
34,629.00
24,023.25
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
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 142
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March 5, 2025
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CITY OF MENIFEE Page 16 of 52
ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 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 Of America Corp - 06051GGF0
Medium Term Note
3.824 01/20/2028
75,000.000 97.9840 73,488.00 71,563.50 1,924.50 0.1 2,868.00 3.90 Bank Of America Corp - 06051GHG7
Medium Term Note
3.970 03/05/2029
1,050,000.000 96.9830
95.7870
1,018,321.50
43,104.15
992,729.50
44,991.45
25,592.00
-1,887.30
0.8 0.0
41,685.00
1,035.00
4.09 2.40
Berkshire Hathaway Fin - 084664CZ2
2.300 03/15/2027
45,000.000
Bmw Veh Owner Tr - 05602RAD3
A B S Ser 2022 A Cl A 3
08/25/2026 Var
4,916.310 99.5450
100.0700
101.1800
100.2800
4,893.94
28,276.07
576,726.00
80,224.00
4,916.05
28,307.40
569,913.42
79,988.80
-22.11
-31.33
0.0 0.0
0.4 0.1
157.81
1,458.02
29,526.00
3,840.00
3.22 5.16
5.12 4.79
Bmw Vehicle Lease - 05593AAC3
A B S Ser 2023 1 Cl A 3
5.160 11/25/2025
28,256.290
Bmw Vehicle Owner Trust - 096919AD7
A B S Ser 2024 A Cl A 3
5.180 02/26/2029
570,000.000 6,812.58
235.20
Caterpillar Finl Svcs - 14913R3B1
Medium Term Note
4.800 01/06/2026
80,000.000
Caterpillar Finl Svcs - 14913UAJ9
Medium Term Note
4.850 02/27/2029
1,300,000.000 100.5310
95.4910
1,306,903.00
23,872.75
1,290,499.00
24,991.70
16,404.00
-1,118.95
1.0 0.0
63,050.00
612.50
4.82 2.57
Charles Schwab Corp - 808513BY0
2.450 03/03/2027
25,000.000
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 143
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 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
Charles Schwab Corp - 808513AU9
3.200 01/25/2028
85,000.000 95.6920
100.7300
97.1190
81,338.20
705,110.00
19,423.80
80,783.15
694,694.00
19,535.80
555.05
10,416.00
-112.00
0.1 0.5
0.0 2,720.00
33,600.00
600.00
3.34 4.76
3.09 Cisco Sys Inc - 17275RBQ4
4.800 02/26/2027
700,000.000
Costco Wholesale Corp - 22160KAM7
3.000 05/18/2027
20,000.000
Deere John Capital Corp - 24422EWJ4
Medium Term Note
4.050 09/08/2025
70,000.000 99.6630
97.1020
69,764.10
33,985.70
69,267.10
36,755.95
497.00 0.1
0.0 2,835.00
1,032.50
4.06 3.04
Duke Energy Carolinas - 26442CAS3
2.950 12/01/2026
35,000.000 -2,770.25
Ford Cr Auto Owner Tr - 34535VAD6
A B S Ser 2024 D Cl A 3
4.840 07/15/2029
775,000.000 100.0700
99.0950
775,542.50
2,667.27
774,975.12
2,691.39
567.38
-24.12
0.6 0.0
37,510.00
33.91 4.84
1.27 Gm Fin Cons Auto Rec - 380146AC4
A B S Ser 2022 1 Cl A3
1.260 11/16/2026
2,691.630
Gm Fin Cons Auto Rec Tr - 362554AC1
A B S Ser 2021 4 Cl A 3
0.680 09/16/2026
2,098.420 99.0690 2,078.88 2,098.35 -19.47 0.0
0.6 14.27 0.69
4.86 Home Depot Inc - 437076CW0
4.900 04/15/2029
750,000.000 100.8850 756,637.50 742,725.00 13,912.50 36,750.00 Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 144
Menifee Mayor and City Council
March 5, 2025
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CITY OF MENIFEE Page 18 of 52
ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 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 Rec Owner - 437930AC4
A B S Ser 2024 2 Cl A 3
5.270 11/20/2028
210,000.000 101.2140
99.1410
99.2220
212,549.40
29,707.13
1,556.53
209,974.48
28,823.28
1,568.39
2,574.92
883.85
-11.86
0.2 0.0
0.0 11,067.00
563.33
13.80 5.21
1.90 0.89
Honda Auto Rec Ownr Tr - 43815BAC4
A B S Ser 2022 1 Cl A 3
1.880 05/15/2026
29,964.530
Honda Auto Rec Ownr Tr 2021 4 - 43815GAC3
A B S Ser 2021 4 Cl A3
01/21/2026 Var
1,568.730
Honda Auto Receivables Owner - 43813YAC6
A B S Ser 2024 3 Cl A3
4.570 03/21/2029
800,000.000 100.0850
96.5220
800,680.00
135,130.80
799,874.32
131,150.60
805.68 0.6
0.1 36,560.00
3,500.00
4.57 2.59
Honeywell International - 438516BL9
2.500 11/01/2026
140,000.000 3,980.20
Hyundai Auto Rec Tr - 44935FAD6
A B S Ser 2021 C Cl A3
0.740 05/15/2026
2,089.900 99.5990
99.2510
99.0950
2,081.52
8,115.05
2,059.96
8,175.98
21.56 -60.93
0.0 0.0
1.2 15.47
181.51
0.74 2.24
4.54 Hyundai Auto Rec Tr - 448977AD0
A B S Ser 2022 A Cl A3
10/15/2026 Var
8,176.290
John Deere Capital Corporation - 24422EXH7
Medium Term Note
4.500 01/16/2029
1,550,000.000 1,535,972.50 1,509,761.00 26,211.50 69,750.00 Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 145
Menifee Mayor and City Council
March 5, 2025
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CITY OF MENIFEE Page 19 of 52
ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 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 Own - 47789QAC4
A B S Ser 2021 B Cl A 3
03/16/2026 Var
1,900.980
19,055.360
2,927.610
99.5020
100.2920
99.1670
1,891.51
19,111.00
2,903.22
1,900.80
19,053.88
2,926.96
-9.29
57.12 -23.74
92.84 0.0
0.0 0.0
0.0 9.89
969.92
67.92 0.52
5.07 2.34
4.99 John Deere Owner - 47800BAC2
A B S Ser 2022 C Cl A 3
5.090 06/15/2027
John Deere Owner Tr - 47787JAC2
A B S Ser 2022 Cl A 3
09/15/2026 Var
John Deere Owner Trust - 47800CAC0
A B S Ser 2023 A Cl A3
5.010 11/15/2027
20,000.000 100.4460 20,089.20 19,996.36 1,002.00
John Deere Ownr Tr - 47800AAC4
A B S Ser 2022 B Cl A3
02/16/2027 Var
9,156.840
70,000.000
12,000.000
99.5650
97.8790
99.1410
95.9380
99.2230
9,117.01
68,515.30
9,155.96
67,053.70
-38.95
1,461.60
-551.04
0.0 0.1
0.0 0.9
0.3 342.47
2,647.40
249.96
3.76 3.86
2.10 3.66
3.99 Jpmorgan Chase Co - 46625HRY8
02/01/2028 Var
Jpmorgan Chase Co - 46647PBK1
2.083 04/22/2026
11,896.92 12,447.96
Jpmorgan Chase Co - 46647PAM8
3.509 01/23/2029
1,250,000.000 1,199,225.00
396,892.00
1,169,226.50
388,284.00
29,998.50
8,608.00
43,862.50
15,840.00
Jpmorgan Chase Co - 46647PBA3
3.960 01/29/2027
400,000.000
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 146
Menifee Mayor and City Council
March 5, 2025
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CITY OF MENIFEE Page 20 of 52
ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 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
Mastercard Inc - 57636QAN4
2.000 03/03/2025
35,000.000 99.5600 34,846.00 36,067.15 -1,221.15 0.0 700.00 2.01 Mercedes Benz Auto - 58770AAC7
A B S Ser 2023 1 Cl A3
4.510 11/15/2027
28,521.540 100.0130
98.5310
98.9560
28,525.25
128,090.30
123,695.00
28,518.12
130,394.70
120,882.50
7.13 -2,304.40
2,812.50
0.0 0.1
0.1 1,286.32
5,265.00
3,906.25
4.51 4.11
3.16 Merck Co Inc - 58933YBH7
4.050 05/17/2028
130,000.000
Microsoft Corp - 594918BJ2
3.125 11/03/2025
125,000.000
Morgan Stanley - 61747YEZ4
Medium Term Note
5.050 01/28/2027
750,000.000 100.3390
100.2820
752,542.50
802,256.00
744,262.05
794,520.00
8,280.45
7,736.00
0.6 0.6
37,875.00
41,312.00
5.03 5.15
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 99.1080
95.5660
34,687.80 33,013.20 1,674.60 0.0
1.2 765.80 2.21
3.87 National Rural Util Coop - 637432NS0
3.700 03/15/2029
1,600,000.000 1,529,056.00 1,507,712.00 21,344.00 59,200.00 National Rural Utils Coop Fin - 63743HFE7
Medium Term Note
3.450 06/15/2025
10,000.000 99.4280 9,942.80 9,997.30 -54.50 0.0 345.00 3.47 Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 147
Menifee Mayor and City Council
March 5, 2025
Page
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CITY OF MENIFEE Page 21 of 52
ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 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
National Rural Utils Corp Fin - 63743HFH0
Medium Term Note
4.450 03/13/2026
70,000.000 99.7830
98.6840
69,848.10
14,802.60
69,950.30
14,975.70
-102.20
-173.10
0.1 0.0
3,115.00
600.00
4.46 4.05
Northern Tr Corp Sr Nt - 665859AW4
4.000 05/10/2027
15,000.000
Paccar Financial Corp - 69371RS31
Medium Term Note
4.600 01/10/2028
100,000.000 99.8110 99,811.00 99,515.00 296.00 0.1 4,600.00 4.61 Paccar Financial Corp - 69371RS80
Medium Term Note
4.600 01/31/2029
1,500,000.000 99.7520
99.4530
99.8640
100.2430
1,496,280.00
129,288.90
134,816.40
1,603,888.00
1,468,515.00
124,989.80
134,947.35
1,577,232.00
27,765.00
4,299.10
-130.95
1.2 0.1
0.1 1.2
69,000.00
3,575.00
6,423.30
78,000.00
4.61 2.76
4.76 4.86
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 26,656.00
Public Service Electric - 74456QBR6
Medium Term Note
2.250 09/15/2026
850,000.000 96.2130
96.1760
817,810.50
769,408.00
807,126.00
752,432.00
10,684.50
16,976.00
0.6 0.6
19,125.00
29,200.00
2.34 3.79
Public Service Electric - 74456QBX3
Medium Term Note
3.650 09/01/2028
800,000.000
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 148
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 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
Reality Income Corp - 756109AV6
3.875 04/15/2025
20,000.000 99.7550
98.3210
99.2600
96.8500
100.8320
95.1410
19,951.00
98,321.00
19,714.00
97,097.00
237.00
1,224.00
28,375.00
25,264.00
1,040.00
-937.80
0.0 0.1
1.1 0.6
0.1 0.0
775.00
3,950.00
68,875.00
30,000.00
6,241.25
390.00
3.88 4.02
4.78 3.87
4.95 2.05
Realty Income Corp - 756109BG8
3.950 08/15/2027
100,000.000
Realty Income Corp Sr - 756109CF9
4.750 02/15/2029
1,450,000.000 1,439,270.00
774,800.00
126,040.00
19,028.20
1,410,895.00
749,536.00
125,000.00
19,966.00
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
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 98.3540
99.2710
39,341.60
12,562.48
39,866.00
11,917.69
-524.40
644.79
0.0 0.0
1,643.20
89.85 4.18
0.71 Toyota Auto Rec Own Tr - 89238JAC9
A B S Ser 2021 D Cl A 3
04/15/2026 Var
12,654.730
Toyota Auto Rec Own Tr - 89231CAD9
A B S Ser 2022 C Cl A 3
3.760 04/15/2027
17,699.170 99.6560
99.7060
17,638.28 17,404.64 233.64 0.0
0.3 665.49 3.77
4.48 Toyota Auto Rec Tr 2024-D 6/15/2029 - 89239TAD4
4.470000
405,000.000 403,809.30 404,977.40 -1,168.10 18,103.50
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 149
Menifee Mayor and City Council
March 5, 2025
Page
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CITY OF MENIFEE Page 23 of 52
ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 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
Toyota Mtr Cr Corp - 89236TJK2
Medium Term Note
1.125 06/18/2026
40,000.000 95.2390
99.7930
38,095.60
79,834.40
39,982.40
79,947.20
-1,886.80
-112.80
0.0 0.1
1.1 450.00
3,700.00
76,125.00
1.18 4.63
5.18 Toyota Mtr Cr Corp - 89236TKQ7
Medium Term Note
4.625 01/12/2028
80,000.000
Toyota Mtr Cr Corp - 89236TLB9
Medium Term Note
5.250 09/11/2028
1,450,000.000 101.4020 1,470,329.00 1,455,605.50 14,723.50 Truist Finl Corp - 89788MAA0
Medium Term Note
1.200 08/05/2025
30,000.000 97.9860
95.5640
98.0080
101.5430
29,395.80
38,225.60
833,068.00
710,801.00
29,341.20
39,563.60
822,681.00
702,464.00
54.60 -1,338.00
10,387.00
8,337.00
0.0 0.0
0.6 0.5
360.00
460.00
1.22 1.20
4.34 5.17
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 98.9870 1,583,792.00 1,550,764.50 33,027.50 1.2 74,448.00 4.70 Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 150
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 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
Walmart Inc - 931142ER0
1.050 09/17/2026
10,000.000 94.6020 9,460.20 9,981.10 -520.90 0.0 105.00 1.11 Total Corporate Issues $30,469,150.51 $30,049,932.06 $419,218.45 23.5 $1,352,634.49 Foreign Issues
Bank Montreal Que - 06368D3S1
Medium Term Note
3.700 06/07/2025
75,000.000 99.5390 74,654.25 73,120.50 1,533.75 0.1 2,775.00 3.72 Bank Of Montreal - 06368FAC3
Medium Term Note
1.250 09/15/2026
40,000.000 94.5470
95.6630
37,818.80 39,951.60 -2,132.80
2,089.20
0.0 0.1
500.00 1.32
3.27 Inter American Devel Bk - 4581X0DC9
3.125 09/18/2028
120,000.000 114,795.60 112,706.40 3,750.00
Inter American Devel Bk - 4581X0DV7
Medium Term Note
0.875 04/20/2026
75,000.000 95.6220 71,716.50 74,656.50 -2,940.00 0.1 656.25 0.91 Inter American Devel Bk - 4581X0EN4
Medium Term Note
4.125 02/15/2029
1,385,000.000 98.7760
96.4520
97.4370
1,368,047.60
1,302,102.00
2,284,897.65
1,381,426.20
1,350,850.50
2,338,879.55
-13,378.60
-48,748.50
-53,981.90
1.1 1.0
1.8 57,131.25
48,937.50
90,868.75
4.18 3.76
3.98 International Bank - 459058KL6
3.625 09/21/2029
1,350,000.000
International Bank - 459058LN1
3.875 10/16/2029
2,345,000.000
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 151
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 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
International Bank M T N - 459058JL8
0.500 10/28/2025
75,000.000 96.8560
97.1420
72,642.00 74,670.05 -2,028.05
13,858.00
0.1 1.0
375.00 0.52
3.60 International Bank M T N - 459058KT9
3.500 07/12/2028
1,300,000.000 1,262,846.00 1,248,988.00 45,500.00
International Finance Corp - 45950KDD9
Medium Term Note
4.500 07/13/2028
100,000.000 100.4090
99.6660
100,409.00
19,933.20
99,889.00
19,992.60
520.00
-59.40
0.1 0.0
0.1 1.2
0.1 4,500.00
675.00
4.48 3.39
4.90 4.94
5.08 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
80,000.000 100.0680
100.2070
100.4580
80,054.40 79,957.60 96.80 3,920.00
76,725.00
4,082.40
Royal Bk Cda - 78016HZV5
Medium Term Note
4.950 02/01/2029
1,550,000.000 1,553,208.50
80,366.40
1,530,273.50
79,890.40
22,935.00
476.00
Toronto Dominion Bank - 89115A2K7
Medium Term Note
5.103 01/09/2026
80,000.000
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 152
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 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 Bk - 89115A2U5
Medium Term Note
5.523 07/17/2028
1,400,000.000 101.6320 1,422,848.00 1,406,219.50 16,628.50 1.1 77,322.00 5.43 Total Foreign Issues $9,846,339.90 $9,911,471.90 -$65,132.00 7.6 $417,718.15 Total Taxable Bonds $129,380,631.09
$129,720,974.05
$130,404,537.72
$130,744,880.68
-$1,023,906.63
-$1,023,906.63
99.7 $4,390,183.52
$4,404,886.07Total Assets 100.0
Estimated Current Yield 3.39
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: 10.3
Treasurer's Report - December 2024
Item Page Number: 153
Menifee Mayor and City Council
March 5, 2025
Page
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 31, 2024
TRANSACTION DETAIL
Date
Posted Activity Description Cash Tax Cost
Beginning Balance 12/01/2024 $0.00 $130,262,418.98
12/02/24
12/02/24
12/02/24
12/02/24
12/02/24
12/02/24
12/02/24
12/02/24
12/09/24
12/09/24
12/10/24
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Cash Disbursement
Interest Earned On
U S Treasury Nt 0.375% 11/30/25
0.001875 USD/$1 Pv On 70,000 Par Value Due 11/30/24
131.25
Interest Earned On
U S Treasury Nt 2.875% 5/31/25
0.014375 USD/$1 Pv On 800,000 Par Value Due 11/30/24
11,500.00
14,771.88
18,593.75
36,000.00
516.25
Interest Earned On
U S Treasury Nt 3.625% 5/31/28
0.018125 USD/$1 Pv On 815,000 Par Value Due 11/30/24
Interest Earned On
U S Treasury Nt 4.375% 11/30/28
0.021875 USD/$1 Pv On 850,000 Par Value Due 11/30/24
Interest Earned On
U S Treasury Nt 4.500% 5/31/29
0.0225 USD/$1 Pv On 1,600,000 Par Value Due 11/30/24
Interest Earned On
Duke Energy 2.950% 12/01/26
0.01475 USD/$1 Pv On 35,000 Par Value Due 12/1/24
Interest Earned On
Simon Property Group 3.750% 12/01/27
0.016875 USD/$1 Pv On 800,000 Par Value Due 12/1/24
13,500.00
1,976.96
1,387.50
821.60
Interest Earned On
Federated Hermes Govt Obligs Is
Interest From 11/1/24 To 11/30/24
Interest Earned On
Bank Montreal Mtn 3.700% 6/07/25
0.0185 USD/$1 Pv On 75,000 Par Value Due 12/7/24
Interest Earned On
Toronto Dominion Mtn 4.108% 6/08/27
0.02054 USD/$1 Pv On 40,000 Par Value Due 12/9/24
Cash Disbursement -7,782.40
Paid To Chandler Asset Mgmt
Payment Of Funds As Requested
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 154
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
12/10/24 Purchase Purchased 1,750,000 Par Value Of
U S Treasury Nt 4.250% 11/30/29
Trade Date 12/9/24
-1,754,375.00 1,754,375.00
Purchased Through Barclays Capital Inc. Fixed In
Purchased On The Off-Exchange Transactions - Li
Swift External Ref#: 8434403133064132
1,750,000 Par Value At 100.25 %
12/10/24
12/10/24
Purchase Accrued Interest
Sale
Paid Accrued Interest On Purchase Of
U S Treasury Nt 4.250% 11/30/29
Income Debit 1,983.17- USD
-1,983.17
Sold 800,000 Par Value Of
U S Treasury Nt 2.875% 5/31/25
Trade Date 12/9/24
Sold Through J.P. Morgan Securities LLC
Sold On The Off-Exchange Transactions - Li
Swift External Ref#: 8434403133063334
800,000 Par Value At 99.3203125 %
794,562.50 -780,218.75
-64,866.10
-69,954.40
12/10/24
12/10/24
Sell Accrued Interest
Sale
Received Accrued Interest On Sale Of
U S Treasury Nt 2.875% 5/31/25
Income Credit 631.87 USD
631.87
Sold 65,000 Par Value Of
F N M A Deb 0.625% 4/22/25
Trade Date 12/9/24
Sold Through Pershing LLC
Sold On The Marketaxess Corporation
Swift External Ref#: 8434403133063477
65,000 Par Value At 98.586 %
64,080.90
12/10/24
12/10/24
Sell Accrued Interest
Sale
Received Accrued Interest On Sale Of
F N M A Deb 0.625% 4/22/25
Income Credit 54.17 USD
54.17 Sold 70,000 Par Value Of 68,608.40
F N M A 0.500% 6/17/25
Trade Date 12/9/24
Sold Through Pershing LLC
Sold On The Marketaxess Corporation
Swift External Ref#: 8434403133063484
70,000 Par Value At 98.012 %
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 155
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
12/10/24
12/10/24
Sell Accrued Interest Received Accrued Interest On Sale Of F N M A 0.500% 6/17/25
Income Credit 168.19 USD
168.19
Sale Sold 65,000 Par Value Of
F N M A 1.625% 1/07/25
64,840.10 -66,319.45
Trade Date 12/9/24
Sold Through Marketaxess Corp
Sold On The Marketaxess Corporation
Swift External Ref#: 8434403133063487
65,000 Par Value At 99.754 %
12/10/24
12/10/24
Sell Accrued Interest
Sale
Received Accrued Interest On Sale Of
F N M A 1.625% 1/07/25
Income Credit 448.91 USD
448.91
Sold 35,000 Par Value Of 34,791.75 -37,003.05
F H L B Deb 2.375% 3/14/25
Trade Date 12/9/24
Sold Through Marketaxess Corp
Sold On The Marketaxess Corporation
Swift External Ref#: 8434403133063480
35,000 Par Value At 99.405 %
12/10/24
12/10/24
Sell Accrued Interest
Sale
Received Accrued Interest On Sale Of
F H L B Deb 2.375% 3/14/25
Income Credit 198.58 USD
198.58
Sold 30,000 Par Value Of 29,902.20 -29,959.80
Toyota Mtr Mtn 1.450% 1/13/25
Trade Date 12/9/24
Sold Through Bbva/Securities Ny
Sold On The Marketaxess Corporation
Swift External Ref#: 8434403133063940
30,000 Par Value At 99.674 %
12/10/24 Sell Accrued Interest Received Accrued Interest On Sale Of Toyota Mtr Mtn 1.450% 1/13/25
Income Credit 177.63 USD
177.63
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 156
Menifee Mayor and City Council
March 5, 2025
Page
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CITY OF MENIFEE Page 30 of 52
ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
12/10/24 Sale Sold 35,000 Par Value Of 34,776.35 -34,990.90 Paccar Financial Mtn 2.850% 4/07/25
Trade Date 12/9/24
Sold Through Marketaxess Corp
Sold On The Marketaxess Corporation
Swift External Ref#: 8434403133063946
35,000 Par Value At 99.361 %
12/10/24
12/10/24
Sell Accrued Interest
Sale
Received Accrued Interest On Sale Of
Paccar Financial Mtn 2.850% 4/07/25
Income Credit 174.56 USD
174.56
Sold 50,000 Par Value Of 49,752.50 -51,448.00
Ace Ina Holding 3.150% 3/15/25
Trade Date 12/9/24
Sold Through Morgan Stanley & Co. LLC
Sold On The Marketaxess Corporation
Swift External Ref#: 8434403133064177
50,000 Par Value At 99.505 %
12/10/24
12/10/24
12/16/24
12/16/24
12/16/24
12/16/24
Sell Accrued Interest
Asset Income
Asset Income
Sale
Received Accrued Interest On Sale Of
Ace Ina Holding 3.150% 3/15/25
Income Credit 371.88 USD
371.88
4,250.00
1.40 Interest Earned On
F H L B Deb 4.250% 12/10/27
0.02125 USD/$1 Pv On 200,000 Par Value Due 12/10/24
Interest Earned On
Gm Fin Cons Auto 0.680% 9/16/26
$0.00057/Pv On 2,462.20 Pv Due 12/16/24
Paid Down 363.78 Par Value Of
Gm Fin Cons Auto 0.680% 9/16/26
Trade Date 12/16/24
363.78
2,282.59
3.27 -363.77
Asset Income
Asset Income
Interest Earned On
Ford Cr Auto Owner 4.840% 7/15/29
$0.00295/Pv On 775,000.00 Pv Due 12/15/24
Interest Earned On
Gm Fin Cons Auto 1.260% 11/16/26
$0.00105/Pv On 3,114.60 Pv Due 12/16/24
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 157
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
12/16/24
12/16/24
12/16/24
12/16/24
12/16/24
12/16/24
12/16/24
12/16/24
12/16/24
12/16/24
12/16/24
Sale Paid Down 422.97 Par Value Of
Gm Fin Cons Auto 1.260% 11/16/26
Trade Date 12/16/24
422.97 -422.93
Asset Income
Sale
Interest Earned On
Honda Auto Rec Own 1.880% 5/15/26
53.76 4,348.28
17.31 $0.00157/Pv On 34,312.81 Pv Due 12/15/24
Paid Down 4,348.28 Par Value Of
Honda Auto Rec Own 1.880% 5/15/26
Trade Date 12/15/24
-4,182.67
-1,182.29
-836.42
-399.09
-378.75
Asset Income
Sale
Interest Earned On
Hyundai Auto Rec 2.220% 10/15/26
$0.00185/Pv On 9,358.63 Pv Due 12/15/24
Paid Down 1,182.34 Par Value Of
Hyundai Auto Rec 2.220% 10/15/26
Trade Date 12/15/24
1,182.34
1.82Asset Income
Sale
Interest Earned On
Hyundai Auto Rec Tr 0.740% 5/15/26
$0.00062/Pv On 2,938.48 Pv Due 12/15/24
Paid Down 848.58 Par Value Of
Hyundai Auto Rec Tr 0.740% 5/15/26
Trade Date 12/15/24
848.58
6.43Asset Income
Sale
Interest Earned On
John Deere Owner 2.320% 9/15/26
$0.00193/Pv On 3,326.79 Pv Due 12/15/24
Paid Down 399.18 Par Value Of
John Deere Owner 2.320% 9/15/26
Trade Date 12/15/24
399.18
0.99Asset Income
Sale
Interest Earned On
John Deere Own 0.520% 3/16/26
$0.00043/Pv On 2,279.76 Pv Due 12/15/24
Paid Down 378.78 Par Value Of
John Deere Own 0.520% 3/16/26
Trade Date 12/15/24
378.78
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 158
Menifee Mayor and City Council
March 5, 2025
Page
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
12/16/24
12/16/24
12/16/24
12/16/24
12/16/24
12/16/24
12/16/24
12/16/24
12/16/24
12/16/24
12/16/24
Asset Income Interest Earned On
John Deere Ownr Tr 3.740% 2/16/27
$0.00312/Pv On
30.33 9,732.07 Pv Due 12/15/24
Sale Paid Down 575.23 Par Value Of
John Deere Ownr Tr 3.740% 2/16/27
Trade Date 12/15/24
575.23
84.95 -575.18
Asset Income
Sale
Interest Earned On
John Deere Owner 5.090% 6/15/27
$0.00424/Pv On 20,026.97 Pv Due 12/15/24
Paid Down 971.61 Par Value Of
John Deere Owner 5.090% 6/15/27
Trade Date 12/15/24
971.61
83.50 -971.53
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 12/15/24
Interest Earned On
Mercedes Benz Auto 4.510% 11/15/27
$0.00376/Pv On
114.44
1,927.84
59.59 30,449.38 Pv Due 12/15/24
Paid Down 1,927.84 Par Value Of
Mercedes Benz Auto 4.510% 11/15/27
Trade Date 12/15/24
-1,927.61
-1,298.51
-2,683.09
Asset Income
Sale
Interest Earned On
Toyota Auto Rec 3.760% 4/15/27
$0.00313/Pv On 19,019.65 Pv Due 12/15/24
Paid Down 1,320.48 Par Value Of
Toyota Auto Rec 3.760% 4/15/27
Trade Date 12/15/24
1,320.48
9.17Asset Income
Sale
Interest Earned On
Toyota Auto Rec 0.710% 4/15/26
$0.00059/Pv On 15,503.75 Pv Due 12/15/24
Paid Down 2,849.02 Par Value Of
Toyota Auto Rec 0.710% 4/15/26
Trade Date 12/15/24
2,849.02
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 159
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
12/16/24
12/16/24
12/16/24
12/16/24
12/16/24
12/16/24
12/16/24
12/16/24
12/16/24
12/18/24
12/18/24
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
Toyota Auto Rec Tr 4.470% 6/15/29
$0.00367/Pv On 405,000.00 Pv Due 12/15/24
1,485.00
Interest Earned On
F F C B Deb 4.250% 12/15/28
0.02125 USD/$1 Pv On 270,000 Par Value Due 12/15/24
5,737.50
172.50Interest Earned On
National Rural Mtn 3.450% 6/15/25
0.01725 USD/$1 Pv On 10,000 Par Value Due 12/15/24
Interest Earned On
Prologis L P 4.875% 6/15/28
0.024375 USD/$1 Pv On 1,600,000 Par Value Due 12/15/24
39,000.00
16,400.00
16,500.00
17,500.00
34,687.50
21,875.00
922.25
Interest Earned On
U S Treasury Nt 4.000% 12/15/25
0.02 USD/$1 Pv On 820,000 Par Value Due 12/15/24
Interest Earned On
U S Treasury Nt 4.125% 6/15/26
0.020625 USD/$1 Pv On 800,000 Par Value Due 12/15/24
Interest Earned On
U S Treasury Nt 4.375% 12/15/26
0.021875 USD/$1 Pv On 800,000 Par Value Due 12/15/24
Interest Earned On
U S Treasury Nt 4.625% 6/15/27
0.023125 USD/$1 Pv On 1,500,000 Par Value Due 12/15/24
Interest Earned On
F H L B Deb 0.875% 6/16/26
0.004375 USD/$1 Pv On 5,000,000 Par Value Due 12/16/24
Interest Earned On
Honda Auto Rec Owner 5.270% 11/20/28
$0.00439/Pv On 210,000.00 Pv Due 12/18/24
Interest Earned On 225.00
Toyota Mtr Cr Mtn 1.125% 6/18/26
0.005625 USD/$1 Pv On 40,000 Par Value Due 12/18/24
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 160
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
12/19/24 Purchase Purchased 1,350,000 Par Value Of
U S Treasury Nt 3.500% 9/30/29
Trade Date 12/18/24
-1,306,177.73 1,306,177.73
Purchased Through J.P. Morgan Securities LLC
Purchased On The Off-Exchange Transactions - Li
Swift External Ref#: 8435303133086450
1,350,000 Par Value At 96.75390593 %
12/19/24
12/19/24
Purchase Accrued Interest
Sale
Paid Accrued Interest On Purchase Of
U S Treasury Nt 3.500% 9/30/29
Income Debit 10,384.62- USD
-10,384.62
793,843.75Sold 800,000 Par Value Of
U S Treasury Nt 2.750% 6/30/25
Trade Date 12/18/24
Sold Through Bmo Capital Markets Corp/Bonds
Sold On The Off-Exchange Transactions - Li
Swift External Ref#: 8435303133085902
800,000 Par Value At 99.23046875 %
-778,218.75
-64,767.30
-74,807.25
12/19/24
12/19/24
Sell Accrued Interest
Sale
Received Accrued Interest On Sale Of
U S Treasury Nt 2.750% 6/30/25
Income Credit 10,282.61 USD
10,282.61
62,860.85Sold 65,000 Par Value Of
F N M A 0.500% 11/07/25
Trade Date 12/18/24
Sold Through Marketaxess Corp
Sold On The Marketaxess Corporation
Swift External Ref#: 8435303133086101
65,000 Par Value At 96.709 %
12/19/24
12/19/24
Sell Accrued Interest
Sale
Received Accrued Interest On Sale Of
F N M A 0.500% 11/07/25
Income Credit 37.92 USD
37.92 Sold 75,000 Par Value Of 72,999.00
F N M A 0.375% 8/25/25
Trade Date 12/18/24
Sold Through Marketaxess Corp
Sold On The Marketaxess Corporation
Swift External Ref#: 8435303133086098
75,000 Par Value At 97.332 %
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 161
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
12/19/24
12/19/24
Sell Accrued Interest Received Accrued Interest On Sale Of F N M A 0.375% 8/25/25
Income Credit 89.06 USD
89.06 Sale Sold 75,000 Par Value Of 72,773.25 -74,777.85 F H L M C M T N 0.375% 9/23/25
Trade Date 12/18/24
Sold Through Marketaxess Corp
Sold On The Marketaxess Corporation
Swift External Ref#: 8435303133086104
75,000 Par Value At 97.031 %
12/19/24
12/19/24
Sell Accrued Interest
Sale
Received Accrued Interest On Sale Of
F H L M C M T N 0.375% 9/23/25
Income Credit 67.19 USD
67.19 Sold 80,000 Par Value Of 78,131.20 -79,736.00
F H L M C M T N 0.375% 7/21/25
Trade Date 12/18/24
Sold Through Marketaxess Corp
Sold On The Marketaxess Corporation
Swift External Ref#: 8435303133086107
80,000 Par Value At 97.664 %
12/19/24
12/19/24
12/23/24
12/23/24
12/23/24
Sell Accrued Interest
Asset Income
Asset Income
Asset Income
Sale
Received Accrued Interest On Sale Of
F H L M C M T N 0.375% 7/21/25
Income Credit 123.33 USD
123.33
263.80
3,046.67
1.42 Interest Earned On
Bank Amer Corp Mtn 1.319% 6/19/26
0.006595 USD/$1 Pv On 40,000 Par Value Due 12/19/24
Interest Earned On
Honda Auto 4.570% 3/21/29
$0.00381/Pv On 800,000.00 Pv Due 12/21/24
Interest Earned On
Honda Auto Rec 0.880% 1/21/26
$0.00073/Pv On 1,936.54 Pv Due 12/21/24
Paid Down 367.81 Par Value Of
Honda Auto Rec 0.880% 1/21/26
Trade Date 12/21/24
367.81 -367.73
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 162
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
12/23/24
12/26/24
12/26/24
12/26/24
12/26/24
12/26/24
12/26/24
12/26/24
12/26/24
12/26/24
12/26/24
Asset Income
Asset Income
Asset Income
Asset Income
Sale
Interest Earned On
F F C B Deb 0.800% 6/22/26
0.004 USD/$1 Pv On 5,000,000 Par Value Due 12/22/24
20,000.00
Interest Earned On
F H L M C Mltcl Mtg 2.670% 12/25/24
$0.00222/Pv On
2.70 311.98
0.00 Pv Due 12/25/24
Interest Earned On
F H L M C Mltcl Mtg 2.995% 12/25/25
$0.00250/Pv On 125,000.00 Pv Due 12/25/24
Interest Earned On
F H L M C Mltcl Mtg 2.745% 1/25/26
$0.00229/Pv On
160.13
70,000.00 Pv Due 12/25/24
Paid Down 1,710.84 Par Value Of
F H L M C Mltcl Mtg 2.745% 1/25/26
Trade Date 12/25/24
1,710.84
199.09
-1,637.53
Asset Income
Asset Income
Asset Income
Sale
Interest Earned On
F H L M C Mltcl Mtg 3.413% 12/25/26
$0.00284/Pv On 70,000.00 Pv Due 12/25/24
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 12/25/24
4,875.00
172.15Interest Earned On
Bmw Vehicle Lease 5.160% 11/25/25
$0.00430/Pv On 40,034.42 Pv Due 12/25/24
Paid Down 11,778.13 Par Value Of
Bmw Vehicle Lease 5.160% 11/25/25
Trade Date 12/25/24
11,778.13
14.95 -11,799.43
Asset Income
Sale
Interest Earned On
Bmw Veh Owner Tr 3.210% 8/25/26
$0.00268/Pv On 5,590.00 Pv Due 12/25/24
Paid Down 673.69 Par Value Of
Bmw Veh Owner Tr 3.210% 8/25/26
Trade Date 12/25/24
673.69 -673.66
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 163
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
12/26/24
12/26/24
12/26/24
12/26/24
12/26/24
12/26/24
12/26/24
12/26/24
12/26/24
12/26/24
12/26/24
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 12/25/24
2,460.50
Interest Earned On
F H L M C Mltcl Mtg 3.329% 5/25/25
$0.00277/Pv On
95.02 1,670.27
162.13
5,014.42
69.46 34,251.99 Pv Due 12/25/24
Paid Down 1,670.27 Par Value Of
F H L M C Mltcl Mtg 3.329% 5/25/25
Trade Date 12/25/24
-1,716.72
-5,332.65
-1,101.07
Asset Income
Sale
Interest Earned On
F H L M C Mltcl Mt 3.284% 6/25/25
$0.00274/Pv On 59,244.54 Pv Due 12/25/24
Paid Down 5,014.42 Par Value Of
F H L M C Mltcl Mt 3.284% 6/25/25
Trade Date 12/25/24
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 12/25/24
Paid Down 1,027.39 Par Value Of
F H L M C Mltcl Mt 3.334% 8/25/25
Trade Date 12/25/24
1,027.39
252.50
276.35
200.08
263.78
Asset Income
Asset Income
Asset Income
Asset Income
Interest Earned On
F H L M C Mltcl Mtg 2.525% 5/25/26
$0.00210/Pv On 120,000.00 Pv Due 12/25/24
Interest Earned On
F H L M C Mltcl Mt 2.653% 8/25/26
$0.00221/Pv On 125,000.00 Pv Due 12/25/24
Interest Earned On
F H L M C Mltcl Mt 3.430% 1/25/27
$0.00286/Pv On 70,000.00 Pv Due 12/25/24
Interest Earned On
F H L M C Mltcl Mt 3.187% 9/25/27
$0.00266/Pv On 99,320.40 Pv Due 12/25/24
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 164
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
12/26/24
12/26/24
12/26/24
12/26/24
12/26/24
12/26/24
12/26/24
Sale Paid Down 170.54 Par Value Of
F H L M C Mltcl Mt 3.187% 9/25/27
Trade Date 12/25/24
170.54 -163.62
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
82.58 4,277.50
2,485.00
228.49
$0.00275/Pv On 30,000.00 Pv Due 12/25/24
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 12/25/24
Interest Earned On
F H L M C Mltcl Mtg 2.982% 5/25/52
$0.00249/Pv On 1,000,000.00 Pv Due 12/25/24
Interest Earned On
F H L M C Mltcl Mtg 2.031% 9/25/28
$0.00169/Pv On 135,000.00 Pv Due 12/25/24
Interest Earned On
F H L M C Mltcl Mt 2.525% 10/25/26
$0.00210/Pv On 125,000.00 Pv Due 12/25/24
263.02
Matured 1,214.01 Par Value Of
F H L M C Mltcl Mtg 2.670% 12/25/24
Trade Date 12/25/24
1,214.01 -1,225.39
1,214.01 Par Value At 100 %
12/30/24
12/30/24
12/31/24
12/31/24
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 12/30/24
25,000.00
26,250.00
13,243.75
24,375.00
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 12/30/24
Interest Earned On
U S Treasury Nt 3.250% 6/30/27
0.01625 USD/$1 Pv On 815,000 Par Value Due 12/31/24
Interest Earned On
U S Treasury Nt 3.250% 6/30/29
0.01625 USD/$1 Pv On 1,500,000 Par Value Due 12/31/24
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 165
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 31, 2024 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
12/31/24
12/31/24
12/31/24
12/31/24
Asset Income
Asset Income
Asset Income
Asset Income
Interest Earned On
U S Treasury Nt 3.750% 12/31/28
0.01875 USD/$1 Pv On 890,000 Par Value Due 12/31/24
16,687.50
Interest Earned On
U S Treasury Nt 3.875% 12/31/27
0.019375 USD/$1 Pv On 850,000 Par Value Due 12/31/24
16,468.75
34,000.00
18,062.50
Interest Earned On
U S Treasury Nt 4.250% 6/30/29
0.02125 USD/$1 Pv On 1,600,000 Par Value Due 12/31/24
Interest Earned On
U S Treasury Nt 4.250% 12/31/25
0.02125 USD/$1 Pv On 850,000 Par Value Due 12/31/24
Purchase
Sale
Combined Purchases For The Period 12/ 1/24 - 12/31/24 Of Federated Hermes Govt Obligs Is
-509,656.68
841,440.47
509,656.68
-841,440.47Combined Sales For The Period 12/ 1/24 - 12/31/24 Of Federated Hermes Govt Obligs Is
Ending Balance 12/31/2024 $0.00 $130,744,880.68
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 166
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 31, 2024
SALE/MATURITY SUMMARY
Settlement Estimated
Date Description Tax Cost Proceeds Gain/Loss
Taxable Bonds
Ace Ina Holding
3.150 03/15/2025
00440EAS6
12/10/24 Sold 50,000 Par
Value
-51,448.00 49,752.50 -1,695.50
Trade Date 12/9/24
Sold Through Morgan Stanley & Co. LLC
Sold On The Marketaxess Corporation
Swift External Ref#: 8434403133064177
50,000 Par Value At 99.505 %
Bmw Veh Owner Tr
A B S Ser 2022 A Cl A 3
08/25/2026
BVO3226
Var
12/26/24
12/26/24
Paid Down 673.69
Par Value
Trade Date 12/25/24
-673.66 673.69 0.03
Bmw Vehicle Lease
A B S Ser 2023 1 Cl A 3
5.160 11/25/2025
05593AAC3
Paid Down 11,778.13
Par Value
-11,799.43 11,778.13 -21.30
Trade Date 12/25/24
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 167
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 31, 2024 SALE/MATURITY SUMMARY (continued)
Settlement Estimated
Date Description Tax Cost Proceeds Gain/Loss
F H L M C M T N
0.375 07/21/2025
3137EAEU9
12/19/24 Sold 80,000 Par
Value
-79,736.00 78,131.20 -1,604.80
Trade Date 12/18/24
Sold Through Marketaxess Corp
Sold On The Marketaxess Corporation
Swift External Ref#: 8435303133086107
80,000 Par Value At 97.664 %
F H L M C M T N
0.375 09/23/2025
3137EAEX3
12/19/24 Sold 75,000 Par -74,777.85 72,773.25 -2,004.60 Value
Trade Date 12/18/24
Sold Through Marketaxess Corp
Sold On The Marketaxess Corporation
Swift External Ref#: 8435303133086104
75,000 Par Value At 97.031 %
F H L M C Multiclass Mtg Partn
C M O Ser K042 Cl A2
2.670 12/25/2024
3137BFXT3
12/26/24 Matured 1,214.01
Par Value
-1,225.39 1,214.01 -11.38
Trade Date 12/25/24
1,214.01 Par Value At 100 %
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 168
Menifee Mayor and City Council
March 5, 2025
Page
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 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 K047 Cl A2
3.329 05/25/2025
FHL3325A
12/26/24 Paid Down 1,670.27
Par Value
-1,716.72 1,670.27 -46.45
Trade Date 12/25/24
F H L M C Multiclass Mtg Partn
C M O Ser K048 Cl A2
06/25/2025
FHL3225
Var
12/26/24 Paid Down 5,014.42
Par Value
Trade Date 12/25/24
-5,332.65
-1,101.07
-1,637.53
5,014.42
1,027.39
1,710.84
-318.23
-73.68
73.31 F H L M C Multiclass Mtg Partn
C M O Ser K050 Cl A2
08/25/2025
FHL3325
Var
12/26/24 Paid Down 1,027.39
Par Value
Trade Date 12/25/24
F H L M C Multiclass Mtg Partn
C M O Ser K054 Cl A2
2.745 01/25/2026
3137BNGT5
12/26/24 Paid Down 1,710.84
Par Value
Trade Date 12/25/24
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 169
Menifee Mayor and City Council
March 5, 2025
Page
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 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 K069 Cl A2
3.187 09/25/2027
FHL3127A
12/26/24
12/19/24
Paid Down 170.54
Par Value
Trade Date 12/25/24
-163.62 170.54 6.92
F N M A
0.375 08/25/2025
3135G05X7
Sold 75,000 Par
Value
-74,807.25 72,999.00 -1,808.25
Trade Date 12/18/24
Sold Through Marketaxess Corp
Sold On The Marketaxess Corporation
Swift External Ref#: 8435303133086098
75,000 Par Value At 97.332 %
F N M A
0.500 06/17/2025
3135G04Z3
12/10/24 Sold 70,000 Par -69,954.40 68,608.40 -1,346.00 Value
Trade Date 12/9/24
Sold Through Pershing LLC
Sold On The Marketaxess Corporation
Swift External Ref#: 8434403133063484
70,000 Par Value At 98.012 %
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 170
Menifee Mayor and City Council
March 5, 2025
Page
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 31, 2024 SALE/MATURITY SUMMARY (continued)
Settlement Estimated
Date Description Tax Cost Proceeds Gain/Loss
F N M A
0.500 11/07/2025
3135G06G3
12/19/24 Sold 65,000 Par
Value
-64,767.30 62,860.85 -1,906.45
Trade Date 12/18/24
Sold Through Marketaxess Corp
Sold On The Marketaxess Corporation
Swift External Ref#: 8435303133086101
65,000 Par Value At 96.709 %
F N M A
1.625 01/07/2025
3135G0X24
12/10/24 Sold 65,000 Par -66,319.45 64,840.10 -1,479.35 Value
Trade Date 12/9/24
Sold Through Marketaxess Corp
Sold On The Marketaxess Corporation
Swift External Ref#: 8434403133063487
65,000 Par Value At 99.754 %
F N M A Deb
0.625 04/22/2025
3135G03U5
12/10/24 Sold 65,000 Par -64,866.10 64,080.90 -785.20
Value
Trade Date 12/9/24
Sold Through Pershing LLC
Sold On The Marketaxess Corporation
Swift External Ref#: 8434403133063477
65,000 Par Value At 98.586 %
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 171
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 31, 2024 SALE/MATURITY SUMMARY (continued)
Settlement Estimated
Date Description Tax Cost Proceeds Gain/Loss
Federal Home Loan Bks
2.375 03/14/2025
3130A4CH3
12/10/24 Sold 35,000 Par
Value
-37,003.05 34,791.75 -2,211.30
Trade Date 12/9/24
Sold Through Marketaxess Corp
Sold On The Marketaxess Corporation
Swift External Ref#: 8434403133063480
35,000 Par Value At 99.405 %
Gm Fin Cons Auto Rec
A B S Ser 2022 1 Cl A3
1.260 11/16/2026
GFC1226
12/16/24
12/16/24
12/16/24
Paid Down 422.97
Par Value
Trade Date 12/16/24
-422.93
-363.77
422.97
363.78
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 363.78
Par Value
Trade Date 12/16/24
Honda Auto Rec Ownr Tr
A B S Ser 2022 1 Cl A 3
1.880 05/15/2026
HAR1826
Paid Down 4,348.28
Par Value
-4,182.67 4,348.28 165.61
Trade Date 12/15/24
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 172
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 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
12/23/24
12/16/24
12/16/24
12/16/24
Paid Down 367.81
Par Value
Trade Date 12/21/24
-367.73 367.81 0.08
Hyundai Auto Rec Tr
A B S Ser 2021 C Cl A3
0.740 05/15/2026
HAR0726
Paid Down 848.58
Par Value
Trade Date 12/15/24
-836.42
-1,182.29
-378.75
848.58
1,182.34
378.78
12.16 0.05
0.03 Hyundai Auto Rec Tr
A B S Ser 2022 A Cl A3
10/15/2026
HAR2226
Var
Paid Down 1,182.34
Par Value
Trade Date 12/15/24
John Deere Own
A B S Ser 2021 B Cl A 3
03/16/2026
JDO0926
Var
Paid Down 378.78
Par Value
Trade Date 12/15/24
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 173
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 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
12/16/24 Paid Down 971.61
Par Value
-971.53 971.61 0.08
Trade Date 12/15/24
John Deere Owner Tr
A B S Ser 2022 Cl A 3
09/15/2026
JDO2326
Var
12/16/24
12/16/24
12/16/24
Paid Down 399.18
Par Value
Trade Date 12/15/24
-399.09
-575.18
399.18
575.23
0.09 0.05
0.23 John Deere Ownr Tr
A B S Ser 2022 B Cl A3
02/16/2027
JDO6827
Var
Paid Down 575.23
Par Value
Trade Date 12/15/24
Mercedes Benz Auto
A B S Ser 2023 1 Cl A3
4.510 11/15/2027
MBA4527
Paid Down 1,927.84
Par Value
-1,927.61 1,927.84
Trade Date 12/15/24
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 174
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 31, 2024 SALE/MATURITY SUMMARY (continued)
Settlement Estimated
Date Description Tax Cost Proceeds Gain/Loss
Paccar Financial Corp
Medium Term Note
2.850 04/07/2025
69371RR73
12/10/24 Sold 35,000 Par
Value
-34,990.90 34,776.35 -214.55
Trade Date 12/9/24
Sold Through Marketaxess Corp
Sold On The Marketaxess Corporation
Swift External Ref#: 8434403133063946
35,000 Par Value At 99.361 %
Toyota Auto Rec Own Tr
A B S Ser 2021 D Cl A 3
04/15/2026
TAR0726
Var
12/16/24
12/16/24
Paid Down 2,849.02
Par Value
Trade Date 12/15/24
-2,683.09
-1,298.51
2,849.02
1,320.48
165.93
Toyota Auto Rec Own Tr
A B S Ser 2022 C Cl A 3
3.760 04/15/2027
TAR3727
Paid Down 1,320.48
Par Value
21.97 Trade Date 12/15/24
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 175
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 31, 2024 SALE/MATURITY SUMMARY (continued)
Settlement Estimated
Date Description Tax Cost Proceeds Gain/Loss
Toyota Mtr Cr Corp
Medium Term Note
1.450 01/13/2025
89236TJT3
12/10/24 Sold 30,000 Par
Value
-29,959.80 29,902.20 -57.60
Trade Date 12/9/24
Sold Through Bbva/Securities Ny
Sold On The Marketaxess Corporation
Swift External Ref#: 8434403133063940
30,000 Par Value At 99.674 %
U S Treasury Note
2.750 06/30/2025
912828XZ8
12/19/24 Sold 800,000 Par -778,218.75 793,843.75 15,625.00 Value
Trade Date 12/18/24
Sold Through Bmo Capital Markets Corp/Bonds
Sold On The Off-Exchange Transactions - Li
Swift External Ref#: 8435303133085902
800,000 Par Value At 99.23046875 %
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 176
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 31, 2024 SALE/MATURITY SUMMARY (continued)
Settlement Estimated
Date Description Tax Cost Proceeds Gain/Loss
U S Treasury Note
2.875 05/31/2025
9128284R8
12/10/24 Sold 800,000 Par
Value
-780,218.75 794,562.50 14,343.75
Trade Date 12/9/24
Sold Through J.P. Morgan Securities LLC
Sold On The Off-Exchange Transactions - Li
Swift External Ref#: 8434403133063334
800,000 Par Value At 99.3203125 %
Total Taxable Bonds -$2,246,307.24
-$2,246,307.24
$2,261,137.94
$2,261,137.94
$14,830.70
$14,830.70Total Sales & Maturities
SALE/MATURITY SUMMARY MESSAGES
Estimated Year-To-Date Short-Term Gain (Loss): $30,217.77 Estimated Year-To-Date Long-Term Gain (Loss): ($1,025,361.73) Estimates should not be used for tax purposes
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 177
Menifee Mayor and City Council
March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 31, 2024
BOND SUMMARY
Percentage of
Par Value Market Value Category
MATURITY
2024
2025
2026
2027
2028
2029
2030
0.00 13,389,040.74
36,609,278.29
16,833,582.77
16,180,000.00
46,355,000.00
0.00 0.00
13,199,619.08
35,332,457.01
16,662,172.30
16,035,756.65
45,787,576.05
0.00 0.00
10.21 27.31
12.88 12.40
35.38 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 1.822,500,000.00 2,363,050.00
Total of Category $131,866,901.80 $129,380,631.09 100.00 Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 178
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March 5, 2025
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ACCOUNT NUMBER: 6736302020 December 1, 2024 to December 31, 2024 BOND SUMMARY (continued)
Percentage of
Par Value Market Value Category
MOODY'S RATING
Aaa
Aa2
Aa3
A1
A2
A3
94,934,845.07
55,000.00
92,926,128.64
52,564.35
71.83 0.04
1.40 12.11
4.43 5.59
0.02 4.58
1,815,000.00
15,897,000.00
5,720,000.00
7,285,000.00
30,000.00
1,810,401.50
15,670,872.72
5,734,851.60
7,232,889.80
29,395.80Baa1
N/A 6,130,056.73 5,923,526.68
Total of Category $131,866,901.80 $129,380,631.09 100.00
S&P RATING
AAA
AA+
AA
AA-
A+
A
A-
N/A
9,796,218.67
28,340,000.00
115,000.00
9,555,320.88
27,278,648.95
109,972.35
7.39 21.08
0.08 0.54
3.94 10.65
8.39 47.93
700,000.00 705,110.00
5,090,000.00
13,902,000.00
10,995,000.00
62,928,683.13
5,092,896.20
13,764,415.62
10,858,581.60
62,015,685.49
Total of Category $131,866,901.80 $129,380,631.09 100.00
BOND SUMMARY MESSAGES
Data contained within this section excluded Mutual Funds, Exchange Traded Funds, and Closed-Ended Funds.
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 179
Menifee Mayor and City Council
March 5, 2025
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: 10.3
Treasurer's Report - December 2024
Item Page Number: 180
Menifee Mayor and City Council
March 5, 2025
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025804
-UC-001
U.S. Bank
1555 N. Rivercenter Dr.
Suite 300
Milwaukee, WI 53212
000020221 07 SP
CITY OF MENIFEE
000638880301292 S
FINANCE DEPARTMENT
29844 HAUN ROAD
MENIFEE, CA 92586
Item Title: 10.3
Treasurer's Report - December 2024
Item Page Number: 181
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March 5, 2025
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CITY OF MENIFEE
SUBJECT: Proclamations
MEETING DATE: March 5, 2025
TO: Mayor and City Council
PREPARED BY: Edna A. Aguilar, Management Analyst
REVIEWED BY: Stephanie Roseen, City Clerk
APPROVED BY: Armando G. Villa, City Manager
-------------------------------------------------------------------------------------------------------------------------------
RECOMMENDED ACTION
1. Proclaim the month of March 2025 as American Red Cross Month.
DISCUSSION
Attached is the proclamation for City Council’s consideration.
STRATEGIC PLAN OBJECTIVE
Regular City Business
FISCAL IMPACT
There is no fiscal impact associated with the recommended action.
ATTACHMENTS
1. American Red Cross Month Proclamation
Item Title: 10.4
Proclamations
Item Page Number: 1
Menifee Mayor and City Council
March 5, 2025
Page
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WHEREAS, this March, we celebrate American Red Cross Month by recognizing the compassionate acts of people in Riverside County and by renewing our commitment to lend a helping hand to our neighbors in need; and
WHEREAS, since Clara Barton founded the American Red Cross more than 140 years ago, generation after generation has stepped up to deliver relief and care across our country and around the world, bringing out the best of humanity in times of crisis; and WHEREAS, advancing this noble mission, the volunteers, blood and platelet donors, and supporters who now give back through the American Red Cross of Riverside County remain unwavering in their commitment to prevent and alleviate human suffering in the face of today’s emergencies; and
WHEREAS, their voluntary and generous contributions shine a beacon of hope in people’s darkest hours whether it’s delivering shelter, food and comfort during disasters; providing critical blood donations for hospital patients; supporting service members, veterans and their families; saving lives with first aid, CPR, AED and other skills; or delivering international aid and reconnecting loved ones separated by global crises; and
WHEREAS, this work to uplift our community is truly made possible by those who selflessly answer the call to help, whenever and wherever it’s needed. We hereby recognize this month of March in honor of their remarkable service, and we ask everyone to join in their commitment to care for one another; and
NOW, THEREFORE, the City Council of the City of Menifee, does hereby proclaim the month of March 2025 as Red Cross Month, and encourage all citizens of the City of Menifee to reach out and support its humanitarian mission.
Dated this 5th day of March 2025.
CI TY OF MENI FEE
ROCLAMATIONP
AMERICAN RED CROSS MONTH
MARCH 2025
BOB KARWIN, MAYOR PRO TEM DAN TEMPLE COUNCILMEMBER
RICKY ESTRADA, MAYOR
BEN DIEDERICH, COUNCILMEMBER DEAN DEINES, COUNCILMEMBER Item Title: 10.4
Proclamations
Item Page Number: 2
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March 5, 2025
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CITY OF MENIFEE
SUBJECT: Second Reading and Adoption of an Ordinance Regarding the Development Agreement Amendment for Cimarron Ridge
Specific Plan
MEETING DATE: March 5, 2025
TO: Mayor and City Council
PREPARED BY: Desiree McGriff, Associate Planner
REVIEWED BY: Cheryl Kitzerow, Community Development Director APPROVED BY: Armando G. Villa, City Manager
APPLICANT: Pulte Home Company, LLC
-------------------------------------------------------------------------------------------------------------------------------
RECOMMENDED ACTION
1. Adopt an ordinance approving Amendment No. 3 to the Development Agreement for the Cimarron Ridge Specific Plan, located south of McLaughlin Road, east of Goetz Road, and west of Valley Boulevard.
DISCUSSION
At the February 19, 2025 City Council meeting, the City Council introduced the first reading of an ordinance to approve Amendment No. 3 to the Development Agreement (DA) (PLN24-0213) for the Cimarron Ridge Specific Plan. This is the required second reading for adoption. The ordinance will become effective 30 days from the date of adoption.
STRATEGIC PLAN OBJECTIVE
Thriving Economy
FISCAL IMPACT
Should this amendment be approved, right-of-way (ROW) acquisition to facilitate the interim Valley Boulevard missing link roadway connection would be the City’s responsibility. This project is already included in the City’s Capital Improvement Plan (CIP) as CIP22-02: Valley Boulevard Widening and Missing Link. Funds for ROW acquisition have been allocated as a Transportation CIP project within the Menifee Valley Road and Bridge Benefit District (RBBD) Fund (2415-PWD- Item Title: 10.5
Second
Reading
and
Adoption
of
an
Ordinance
Regarding
the
Development
Agreement
Amendment
for
Cimarron
Ridge
Specific Plan
Item Page Number: 1
Menifee Mayor and City Council
March 5, 2025
Page
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City of Menifee Staff Report
Cimarron Ridge DA Amendment No. 3
March 5, 2025