Menifee City Council
May 21, 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
AGENDA
Menifee City Council
Regular Meeting Agenda
Wednesday, May 21, 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. LIABILITY CLAIM – Pursuant to Government Code Section 54956.95 Claimant: Jason Adams
Agency Claimed Against: City of Menifee

2. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 City of Menifee v. City of Perris, Riverside County Superior Court Case No.

CVRI2203040

3. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, SIGNIFICANT EXPOSURE TO LITIGATION
Government Code Section 54956.9(d)(2) or (3): Two cases

4. CONFERENCE WITH LEGAL COUNSEL ­ ANTICIPATED LITIGATION, INITIATION OF LITIGATION
Government Code Section 54956.9(d)(4): Two cases
REGULAR MEETING (6:00 PM)

1. CALL TO ORDER

2.  ROLL CALL

3.  WORDS OF INSPIRATION

3.1. Pastor Ieesha Sharp – Lead Your Ship Ministries

4.  PLEDGE OF ALLEGIANCE

5.  PRESENTATIONS

5.1. Spring Teen Awards

5.2. Citizen of the Month – Ed Samuelson

5.3. 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 May 7, 2025 Special Meeting Minutes

9.2 May 7, 2025 Regular 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 4/18/2025 and 4/25/2025, the Payroll Register/Other EFTs dated 4/14/2025, 4/16/2025, 4/23/2025 and 4/25/2025, which have a total budgetary impact of $4,511,054.09.

10.3 Treasurer's Report ­ March 2025
RECOMMENDED ACTION

1.  Receive and file the Quarterly Treasurer’s Report as of March 31, 2025.

10.4 Monthly Public Safety Reports
RECOMMENDED ACTION

1.  Receive and file the Public Safety Reports for March 2025.​​​​

10.5 Capital Improvement Program Construction Contract Change Order Quarterly Activity Report
RECOMMENDED ACTION

1.  Receive and file the Capital Improvement Program Construction Contract Change Order activity report for the third quarter of Fiscal Year 2024/25.

10.6 Intention to Set a Public Hearing Date for Delinquent Solid Waste Accounts and Collection on Riverside County’s Property Tax Roll
RECOMMENDED ACTION

1.  Set a public hearing date for June 4, 2025, to accept public testimony regarding the delinquent solid waste accounts from Calendar Year 2024 to be applied to the Fiscal Year 2025/2026 County of Riverside property tax roll for collection.

10.7 Fiscal Year 2025/2026 Senate Bill 1 List of Projects RECOMMENDED ACTION

1.  Adopt a resolution approving the Fiscal Year 2025/2026 list of projects funded by the Road Repair and Accountability Act of 2017 under Senate Bill 1; and

2.  Authorize the Public Works Director, or designee, to submit the required list of projects and accompanying resolution to the California Transportation Commission (CTC).

10.8 Agreement of Purchase and Sale for the Acquisition of Real Property to be Designated as Open Space for Parks, Trails and Recreation RECOMMENDED ACTION

1.  Approve and authorize the City Manager to execute a Purchase and Sale Agreement for real property known as Menifee Hills consisting of 19 parcels generally located west of Menifee Road, north of Aldergate Drive, east of Antelope Road, and south of McCall Boulevard to be designated as open space for parks, trails and recreational purposes in an amount not­to­exceed $1,150,000; and

2.  Authorize the City Manager to execute the Agreement of Purchase and Sale and Escrow Instructions, and to execute any additional documents required for the acquisition of the real property (APNs) 333­210­019, 333­210­020, 333­210­017, 333­210­014, 333­210­015, 333­210­016, 333­210­013, 333­220­019, 333­220­ 017, 333­220­018, 333­220­013, 333­220­008, 333­220­009, 333­220­005, 333­ 220­007, 333­220­010, 333­ 220­011, 333­220­012, and 333­220­006; and

3.  Adopt a budget amendment resolution for the Trust Fund approving an increase in revenue and appropriation of expenditures in the amount of $1,164,540 (Transfer Out); and

4.  Adopt a budget amendment resolution to the General Fund approving an increase in revenue (Transfer In) and appropriation of expenditures in the amount of $1,164,540 to account assigned by the Finance Department.

10.9 Agreement Amendment with 4Leaf, Inc. for On­Call Plan Review Services and Professional Inspection Services
RECOMMENDED ACTION

1.  Approve and authorize the City Manager to execute Amendment No. 2 to the Professional Services Agreement (“Agreement”) with 4Leaf, Inc., for on­call Building and Safety Plan Review and Inspection services, increasing the Agreement by $38,601, for a total not­to­exceed amount of $469,600.

10.10 Agreement Amendment with NV5, Inc. for the Bradley Road Bridge Over Salt Creek Project
RECOMMENDED ACTION

1.  Approve and authorize the City Manager to execute Amendment No. 9 to the Professional Services Agreement with NV5, Inc. for environmental & design services, increasing the compensation amount by $67,875, for a total not­to­ exceed amount of $1,623,000, and extending the terms to February 28, 2027 for the Bradley Road Bridge Over Salt Creek Project, Capital Improvement Program (CIP) Project No. CIP 13­04; and

2.  Adopt a budget amendment resolution (BAR) appropriating the previously approved reserve funds in the amount of $223,872 in expenditures for the Project within the Quality of Life (Measure DD) Fund (Fund 1105).

10.11 Agreement Amendment with Kimley­Horn and Associates, Inc. for the Civic Center Parking Lot Project
RECOMMENDED ACTION

1.  Approve and authorize the City Manager to execute Amendment No. 3 to the Professional Services Agreement with Kimley­Horn and Associates, Inc., increasing the compensation by $42,439.22, for a total not­to­exceed amount of $395,543.22, and extending the terms of the through December 31, 2025 for the Civic Center Parking Lot Project, Capital Improvement Program (CIP) Project No. 22­24.

11.  PUBLIC HEARING ITEMS

11.1 2025 Annual Report for Citywide Vacancies, and Recruitment and Retention Efforts RECOMMENDED ACTION

1.  Receive and file the annual report on citywide vacancy rates, recruitment, and retention efforts for the City of Menifee’s six bargaining units as required by Government Code Section 3502.3.

12.  DISCUSSION ITEMS

12.1 Assembly Bill 98 Overview, Warehouse Design and Build Standards RECOMMENDED ACTION

1.  Review and discuss the requirements and implications of Assembly Bill 98 regarding warehouse design and build standards.

12.2 Land Uses in the Economic Development Corridor – Northern Gateway RECOMMENDED ACTION

1.  Review and discuss the Land Uses in the Economic Development Corridor – Northern Gateway.

13.  CITY ATTORNEY REPORTS

14.  CITY MANAGER REPORTS

15.  FUTURE AGENDA REQUESTS FROM COUNCIL MEMBERS
> Esthetic Enhancements to the Vacant Lot for Future MOC Frontage (Karwin, November 20, 2024) Target Date: June 2025
> Economic Development Ad Hoc Committee (Deines, February 5, 2025) Target Date: TBD
> Naming of Bridge Over Salt Creek – Bradley Rd. Veterans Memorial Bridge (Temple, February 5, 2025) Target Date: TBD
> Menifee Legislative Bodies Term Limits (Estrada, February 5, 2025) Target Date: TBD
> Menifee Welcome Monuments (Diederich, March 5, 2025)
Target Date: TBD
> Menifee Fire Department Start up Fiscal Impact (Karwin, April 2, 2025) Target Date: TBD
> Evaluation of a Menifee Charitable Organization (Estrada, April 16, 2025) Target Date: TBD
> Feasability of a Regional Sports Park (Diederich, May 7, 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.

Affidavit of the Posting
I, Stephanie Roseen, do hereby certify, under penalty of perjury, that the May 21, 2025 City Council meeting agenda was posted at least 72 hours prior to the meeting in the following locations per Cal. Gov. Code, § 54954.2, subd. (a) (1): Menifee City Hall, 29844 Haun Road, Kay Ceniceros Community Center, 29995 Evans Road, and the City of Menifee website.

Menifee Mayor and City Council
May 21, 2025
Page
1 of 540

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
AGENDA
Menifee City Council
Regular Meeting Agenda
Wednesday, May 21, 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. LIABILITY CLAIM – Pursuant to Government Code Section 54956.95 Claimant: Jason Adams
Agency Claimed Against: City of Menifee

2. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 City of Menifee v. City of Perris, Riverside County Superior Court Case No.

CVRI2203040

3. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, SIGNIFICANT EXPOSURE TO LITIGATION
Government Code Section 54956.9(d)(2) or (3): Two cases

4. CONFERENCE WITH LEGAL COUNSEL ­ ANTICIPATED LITIGATION, INITIATION OF LITIGATION
Government Code Section 54956.9(d)(4): Two cases
REGULAR MEETING (6:00 PM)

1. CALL TO ORDER

2.  ROLL CALL

3.  WORDS OF INSPIRATION

3.1. Pastor Ieesha Sharp – Lead Your Ship Ministries

4.  PLEDGE OF ALLEGIANCE

5.  PRESENTATIONS

5.1. Spring Teen Awards

5.2. Citizen of the Month – Ed Samuelson

5.3. 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 May 7, 2025 Special Meeting Minutes

9.2 May 7, 2025 Regular 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 4/18/2025 and 4/25/2025, the Payroll Register/Other EFTs dated 4/14/2025, 4/16/2025, 4/23/2025 and 4/25/2025, which have a total budgetary impact of $4,511,054.09.

10.3 Treasurer's Report ­ March 2025
RECOMMENDED ACTION

1.  Receive and file the Quarterly Treasurer’s Report as of March 31, 2025.

10.4 Monthly Public Safety Reports
RECOMMENDED ACTION

1.  Receive and file the Public Safety Reports for March 2025.​​​​

10.5 Capital Improvement Program Construction Contract Change Order Quarterly Activity Report
RECOMMENDED ACTION

1.  Receive and file the Capital Improvement Program Construction Contract Change Order activity report for the third quarter of Fiscal Year 2024/25.

10.6 Intention to Set a Public Hearing Date for Delinquent Solid Waste Accounts and Collection on Riverside County’s Property Tax Roll
RECOMMENDED ACTION

1.  Set a public hearing date for June 4, 2025, to accept public testimony regarding the delinquent solid waste accounts from Calendar Year 2024 to be applied to the Fiscal Year 2025/2026 County of Riverside property tax roll for collection.

10.7 Fiscal Year 2025/2026 Senate Bill 1 List of Projects RECOMMENDED ACTION

1.  Adopt a resolution approving the Fiscal Year 2025/2026 list of projects funded by the Road Repair and Accountability Act of 2017 under Senate Bill 1; and

2.  Authorize the Public Works Director, or designee, to submit the required list of projects and accompanying resolution to the California Transportation Commission (CTC).

10.8 Agreement of Purchase and Sale for the Acquisition of Real Property to be Designated as Open Space for Parks, Trails and Recreation RECOMMENDED ACTION

1.  Approve and authorize the City Manager to execute a Purchase and Sale Agreement for real property known as Menifee Hills consisting of 19 parcels generally located west of Menifee Road, north of Aldergate Drive, east of Antelope Road, and south of McCall Boulevard to be designated as open space for parks, trails and recreational purposes in an amount not­to­exceed $1,150,000; and

2.  Authorize the City Manager to execute the Agreement of Purchase and Sale and Escrow Instructions, and to execute any additional documents required for the acquisition of the real property (APNs) 333­210­019, 333­210­020, 333­210­017, 333­210­014, 333­210­015, 333­210­016, 333­210­013, 333­220­019, 333­220­ 017, 333­220­018, 333­220­013, 333­220­008, 333­220­009, 333­220­005, 333­ 220­007, 333­220­010, 333­ 220­011, 333­220­012, and 333­220­006; and

3.  Adopt a budget amendment resolution for the Trust Fund approving an increase in revenue and appropriation of expenditures in the amount of $1,164,540 (Transfer Out); and

4.  Adopt a budget amendment resolution to the General Fund approving an increase in revenue (Transfer In) and appropriation of expenditures in the amount of $1,164,540 to account assigned by the Finance Department.

10.9 Agreement Amendment with 4Leaf, Inc. for On­Call Plan Review Services and Professional Inspection Services
RECOMMENDED ACTION

1.  Approve and authorize the City Manager to execute Amendment No. 2 to the Professional Services Agreement (“Agreement”) with 4Leaf, Inc., for on­call Building and Safety Plan Review and Inspection services, increasing the Agreement by $38,601, for a total not­to­exceed amount of $469,600.

10.10 Agreement Amendment with NV5, Inc. for the Bradley Road Bridge Over Salt Creek Project
RECOMMENDED ACTION

1.  Approve and authorize the City Manager to execute Amendment No. 9 to the Professional Services Agreement with NV5, Inc. for environmental & design services, increasing the compensation amount by $67,875, for a total not­to­ exceed amount of $1,623,000, and extending the terms to February 28, 2027 for the Bradley Road Bridge Over Salt Creek Project, Capital Improvement Program (CIP) Project No. CIP 13­04; and

2.  Adopt a budget amendment resolution (BAR) appropriating the previously approved reserve funds in the amount of $223,872 in expenditures for the Project within the Quality of Life (Measure DD) Fund (Fund 1105).

10.11 Agreement Amendment with Kimley­Horn and Associates, Inc. for the Civic Center Parking Lot Project
RECOMMENDED ACTION

1.  Approve and authorize the City Manager to execute Amendment No. 3 to the Professional Services Agreement with Kimley­Horn and Associates, Inc., increasing the compensation by $42,439.22, for a total not­to­exceed amount of $395,543.22, and extending the terms of the through December 31, 2025 for the Civic Center Parking Lot Project, Capital Improvement Program (CIP) Project No. 22­24.

11.  PUBLIC HEARING ITEMS

11.1 2025 Annual Report for Citywide Vacancies, and Recruitment and Retention Efforts RECOMMENDED ACTION

1.  Receive and file the annual report on citywide vacancy rates, recruitment, and retention efforts for the City of Menifee’s six bargaining units as required by Government Code Section 3502.3.

12.  DISCUSSION ITEMS

12.1 Assembly Bill 98 Overview, Warehouse Design and Build Standards RECOMMENDED ACTION

1.  Review and discuss the requirements and implications of Assembly Bill 98 regarding warehouse design and build standards.

12.2 Land Uses in the Economic Development Corridor – Northern Gateway RECOMMENDED ACTION

1.  Review and discuss the Land Uses in the Economic Development Corridor – Northern Gateway.

13.  CITY ATTORNEY REPORTS

14.  CITY MANAGER REPORTS

15.  FUTURE AGENDA REQUESTS FROM COUNCIL MEMBERS
> Esthetic Enhancements to the Vacant Lot for Future MOC Frontage (Karwin, November 20, 2024) Target Date: June 2025
> Economic Development Ad Hoc Committee (Deines, February 5, 2025) Target Date: TBD
> Naming of Bridge Over Salt Creek – Bradley Rd. Veterans Memorial Bridge (Temple, February 5, 2025) Target Date: TBD
> Menifee Legislative Bodies Term Limits (Estrada, February 5, 2025) Target Date: TBD
> Menifee Welcome Monuments (Diederich, March 5, 2025)
Target Date: TBD
> Menifee Fire Department Start up Fiscal Impact (Karwin, April 2, 2025) Target Date: TBD
> Evaluation of a Menifee Charitable Organization (Estrada, April 16, 2025) Target Date: TBD
> Feasability of a Regional Sports Park (Diederich, May 7, 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.

Affidavit of the Posting
I, Stephanie Roseen, do hereby certify, under penalty of perjury, that the May 21, 2025 City Council meeting agenda was posted at least 72 hours prior to the meeting in the following locations per Cal. Gov. Code, § 54954.2, subd. (a) (1): Menifee City Hall, 29844 Haun Road, Kay Ceniceros Community Center, 29995 Evans Road, and the City of Menifee website.

Menifee Mayor and City Council
May 21, 2025
Page
2 of 540

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
AGENDA
Menifee City Council
Regular Meeting Agenda
Wednesday, May 21, 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. LIABILITY CLAIM – Pursuant to Government Code Section 54956.95 Claimant: Jason Adams
Agency Claimed Against: City of Menifee

2. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 City of Menifee v. City of Perris, Riverside County Superior Court Case No.

CVRI2203040

3. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, SIGNIFICANT EXPOSURE TO LITIGATION
Government Code Section 54956.9(d)(2) or (3): Two cases

4. CONFERENCE WITH LEGAL COUNSEL ­ ANTICIPATED LITIGATION, INITIATION OF LITIGATION
Government Code Section 54956.9(d)(4): Two cases
REGULAR MEETING (6:00 PM)

1. CALL TO ORDER

2.  ROLL CALL

3.  WORDS OF INSPIRATION

3.1. Pastor Ieesha Sharp – Lead Your Ship Ministries

4.  PLEDGE OF ALLEGIANCE

5.  PRESENTATIONS

5.1. Spring Teen Awards

5.2. Citizen of the Month – Ed Samuelson

5.3. 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 May 7, 2025 Special Meeting Minutes

9.2 May 7, 2025 Regular 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 4/18/2025 and 4/25/2025, the Payroll Register/Other EFTs dated 4/14/2025, 4/16/2025, 4/23/2025 and 4/25/2025, which have a total budgetary impact of $4,511,054.09.

10.3 Treasurer's Report ­ March 2025
RECOMMENDED ACTION

1.  Receive and file the Quarterly Treasurer’s Report as of March 31, 2025.

10.4 Monthly Public Safety Reports
RECOMMENDED ACTION

1.  Receive and file the Public Safety Reports for March 2025.​​​​

10.5 Capital Improvement Program Construction Contract Change Order Quarterly Activity Report
RECOMMENDED ACTION

1.  Receive and file the Capital Improvement Program Construction Contract Change Order activity report for the third quarter of Fiscal Year 2024/25.

10.6 Intention to Set a Public Hearing Date for Delinquent Solid Waste Accounts and Collection on Riverside County’s Property Tax Roll
RECOMMENDED ACTION

1.  Set a public hearing date for June 4, 2025, to accept public testimony regarding the delinquent solid waste accounts from Calendar Year 2024 to be applied to the Fiscal Year 2025/2026 County of Riverside property tax roll for collection.

10.7 Fiscal Year 2025/2026 Senate Bill 1 List of Projects RECOMMENDED ACTION

1.  Adopt a resolution approving the Fiscal Year 2025/2026 list of projects funded by the Road Repair and Accountability Act of 2017 under Senate Bill 1; and

2.  Authorize the Public Works Director, or designee, to submit the required list of projects and accompanying resolution to the California Transportation Commission (CTC).

10.8 Agreement of Purchase and Sale for the Acquisition of Real Property to be Designated as Open Space for Parks, Trails and Recreation RECOMMENDED ACTION

1.  Approve and authorize the City Manager to execute a Purchase and Sale Agreement for real property known as Menifee Hills consisting of 19 parcels generally located west of Menifee Road, north of Aldergate Drive, east of Antelope Road, and south of McCall Boulevard to be designated as open space for parks, trails and recreational purposes in an amount not­to­exceed $1,150,000; and

2.  Authorize the City Manager to execute the Agreement of Purchase and Sale and Escrow Instructions, and to execute any additional documents required for the acquisition of the real property (APNs) 333­210­019, 333­210­020, 333­210­017, 333­210­014, 333­210­015, 333­210­016, 333­210­013, 333­220­019, 333­220­ 017, 333­220­018, 333­220­013, 333­220­008, 333­220­009, 333­220­005, 333­ 220­007, 333­220­010, 333­ 220­011, 333­220­012, and 333­220­006; and

3.  Adopt a budget amendment resolution for the Trust Fund approving an increase in revenue and appropriation of expenditures in the amount of $1,164,540 (Transfer Out); and

4.  Adopt a budget amendment resolution to the General Fund approving an increase in revenue (Transfer In) and appropriation of expenditures in the amount of $1,164,540 to account assigned by the Finance Department.

10.9 Agreement Amendment with 4Leaf, Inc. for On­Call Plan Review Services and Professional Inspection Services
RECOMMENDED ACTION

1.  Approve and authorize the City Manager to execute Amendment No. 2 to the Professional Services Agreement (“Agreement”) with 4Leaf, Inc., for on­call Building and Safety Plan Review and Inspection services, increasing the Agreement by $38,601, for a total not­to­exceed amount of $469,600.

10.10 Agreement Amendment with NV5, Inc. for the Bradley Road Bridge Over Salt Creek Project
RECOMMENDED ACTION

1.  Approve and authorize the City Manager to execute Amendment No. 9 to the Professional Services Agreement with NV5, Inc. for environmental & design services, increasing the compensation amount by $67,875, for a total not­to­ exceed amount of $1,623,000, and extending the terms to February 28, 2027 for the Bradley Road Bridge Over Salt Creek Project, Capital Improvement Program (CIP) Project No. CIP 13­04; and

2.  Adopt a budget amendment resolution (BAR) appropriating the previously approved reserve funds in the amount of $223,872 in expenditures for the Project within the Quality of Life (Measure DD) Fund (Fund 1105).

10.11 Agreement Amendment with Kimley­Horn and Associates, Inc. for the Civic Center Parking Lot Project
RECOMMENDED ACTION

1.  Approve and authorize the City Manager to execute Amendment No. 3 to the Professional Services Agreement with Kimley­Horn and Associates, Inc., increasing the compensation by $42,439.22, for a total not­to­exceed amount of $395,543.22, and extending the terms of the through December 31, 2025 for the Civic Center Parking Lot Project, Capital Improvement Program (CIP) Project No. 22­24.

11.  PUBLIC HEARING ITEMS

11.1 2025 Annual Report for Citywide Vacancies, and Recruitment and Retention Efforts RECOMMENDED ACTION

1.  Receive and file the annual report on citywide vacancy rates, recruitment, and retention efforts for the City of Menifee’s six bargaining units as required by Government Code Section 3502.3.

12.  DISCUSSION ITEMS

12.1 Assembly Bill 98 Overview, Warehouse Design and Build Standards RECOMMENDED ACTION

1.  Review and discuss the requirements and implications of Assembly Bill 98 regarding warehouse design and build standards.

12.2 Land Uses in the Economic Development Corridor – Northern Gateway RECOMMENDED ACTION

1.  Review and discuss the Land Uses in the Economic Development Corridor – Northern Gateway.

13.  CITY ATTORNEY REPORTS

14.  CITY MANAGER REPORTS

15.  FUTURE AGENDA REQUESTS FROM COUNCIL MEMBERS
> Esthetic Enhancements to the Vacant Lot for Future MOC Frontage (Karwin, November 20, 2024) Target Date: June 2025
> Economic Development Ad Hoc Committee (Deines, February 5, 2025) Target Date: TBD
> Naming of Bridge Over Salt Creek – Bradley Rd. Veterans Memorial Bridge (Temple, February 5, 2025) Target Date: TBD
> Menifee Legislative Bodies Term Limits (Estrada, February 5, 2025) Target Date: TBD
> Menifee Welcome Monuments (Diederich, March 5, 2025)
Target Date: TBD
> Menifee Fire Department Start up Fiscal Impact (Karwin, April 2, 2025) Target Date: TBD
> Evaluation of a Menifee Charitable Organization (Estrada, April 16, 2025) Target Date: TBD
> Feasability of a Regional Sports Park (Diederich, May 7, 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.

Affidavit of the Posting
I, Stephanie Roseen, do hereby certify, under penalty of perjury, that the May 21, 2025 City Council meeting agenda was posted at least 72 hours prior to the meeting in the following locations per Cal. Gov. Code, § 54954.2, subd. (a) (1): Menifee City Hall, 29844 Haun Road, Kay Ceniceros Community Center, 29995 Evans Road, and the City of Menifee website.

Menifee Mayor and City Council
May 21, 2025
Page
3 of 540

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
AGENDA
Menifee City Council
Regular Meeting Agenda
Wednesday, May 21, 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. LIABILITY CLAIM – Pursuant to Government Code Section 54956.95 Claimant: Jason Adams
Agency Claimed Against: City of Menifee

2. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 City of Menifee v. City of Perris, Riverside County Superior Court Case No.

CVRI2203040

3. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, SIGNIFICANT EXPOSURE TO LITIGATION
Government Code Section 54956.9(d)(2) or (3): Two cases

4. CONFERENCE WITH LEGAL COUNSEL ­ ANTICIPATED LITIGATION, INITIATION OF LITIGATION
Government Code Section 54956.9(d)(4): Two cases
REGULAR MEETING (6:00 PM)

1. CALL TO ORDER

2.  ROLL CALL

3.  WORDS OF INSPIRATION

3.1. Pastor Ieesha Sharp – Lead Your Ship Ministries

4.  PLEDGE OF ALLEGIANCE

5.  PRESENTATIONS

5.1. Spring Teen Awards

5.2. Citizen of the Month – Ed Samuelson

5.3. 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 May 7, 2025 Special Meeting Minutes

9.2 May 7, 2025 Regular 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 4/18/2025 and 4/25/2025, the Payroll Register/Other EFTs dated 4/14/2025, 4/16/2025, 4/23/2025 and 4/25/2025, which have a total budgetary impact of $4,511,054.09.

10.3 Treasurer's Report ­ March 2025
RECOMMENDED ACTION

1.  Receive and file the Quarterly Treasurer’s Report as of March 31, 2025.

10.4 Monthly Public Safety Reports
RECOMMENDED ACTION

1.  Receive and file the Public Safety Reports for March 2025.​​​​

10.5 Capital Improvement Program Construction Contract Change Order Quarterly Activity Report
RECOMMENDED ACTION

1.  Receive and file the Capital Improvement Program Construction Contract Change Order activity report for the third quarter of Fiscal Year 2024/25.

10.6 Intention to Set a Public Hearing Date for Delinquent Solid Waste Accounts and Collection on Riverside County’s Property Tax Roll
RECOMMENDED ACTION

1.  Set a public hearing date for June 4, 2025, to accept public testimony regarding the delinquent solid waste accounts from Calendar Year 2024 to be applied to the Fiscal Year 2025/2026 County of Riverside property tax roll for collection.

10.7 Fiscal Year 2025/2026 Senate Bill 1 List of Projects RECOMMENDED ACTION

1.  Adopt a resolution approving the Fiscal Year 2025/2026 list of projects funded by the Road Repair and Accountability Act of 2017 under Senate Bill 1; and

2.  Authorize the Public Works Director, or designee, to submit the required list of projects and accompanying resolution to the California Transportation Commission (CTC).

10.8 Agreement of Purchase and Sale for the Acquisition of Real Property to be Designated as Open Space for Parks, Trails and Recreation RECOMMENDED ACTION

1.  Approve and authorize the City Manager to execute a Purchase and Sale Agreement for real property known as Menifee Hills consisting of 19 parcels generally located west of Menifee Road, north of Aldergate Drive, east of Antelope Road, and south of McCall Boulevard to be designated as open space for parks, trails and recreational purposes in an amount not­to­exceed $1,150,000; and

2.  Authorize the City Manager to execute the Agreement of Purchase and Sale and Escrow Instructions, and to execute any additional documents required for the acquisition of the real property (APNs) 333­210­019, 333­210­020, 333­210­017, 333­210­014, 333­210­015, 333­210­016, 333­210­013, 333­220­019, 333­220­ 017, 333­220­018, 333­220­013, 333­220­008, 333­220­009, 333­220­005, 333­ 220­007, 333­220­010, 333­ 220­011, 333­220­012, and 333­220­006; and

3.  Adopt a budget amendment resolution for the Trust Fund approving an increase in revenue and appropriation of expenditures in the amount of $1,164,540 (Transfer Out); and

4.  Adopt a budget amendment resolution to the General Fund approving an increase in revenue (Transfer In) and appropriation of expenditures in the amount of $1,164,540 to account assigned by the Finance Department.

10.9 Agreement Amendment with 4Leaf, Inc. for On­Call Plan Review Services and Professional Inspection Services
RECOMMENDED ACTION

1.  Approve and authorize the City Manager to execute Amendment No. 2 to the Professional Services Agreement (“Agreement”) with 4Leaf, Inc., for on­call Building and Safety Plan Review and Inspection services, increasing the Agreement by $38,601, for a total not­to­exceed amount of $469,600.

10.10 Agreement Amendment with NV5, Inc. for the Bradley Road Bridge Over Salt Creek Project
RECOMMENDED ACTION

1.  Approve and authorize the City Manager to execute Amendment No. 9 to the Professional Services Agreement with NV5, Inc. for environmental & design services, increasing the compensation amount by $67,875, for a total not­to­ exceed amount of $1,623,000, and extending the terms to February 28, 2027 for the Bradley Road Bridge Over Salt Creek Project, Capital Improvement Program (CIP) Project No. CIP 13­04; and

2.  Adopt a budget amendment resolution (BAR) appropriating the previously approved reserve funds in the amount of $223,872 in expenditures for the Project within the Quality of Life (Measure DD) Fund (Fund 1105).

10.11 Agreement Amendment with Kimley­Horn and Associates, Inc. for the Civic Center Parking Lot Project
RECOMMENDED ACTION

1.  Approve and authorize the City Manager to execute Amendment No. 3 to the Professional Services Agreement with Kimley­Horn and Associates, Inc., increasing the compensation by $42,439.22, for a total not­to­exceed amount of $395,543.22, and extending the terms of the through December 31, 2025 for the Civic Center Parking Lot Project, Capital Improvement Program (CIP) Project No. 22­24.

11.  PUBLIC HEARING ITEMS

11.1 2025 Annual Report for Citywide Vacancies, and Recruitment and Retention Efforts RECOMMENDED ACTION

1.  Receive and file the annual report on citywide vacancy rates, recruitment, and retention efforts for the City of Menifee’s six bargaining units as required by Government Code Section 3502.3.

12.  DISCUSSION ITEMS

12.1 Assembly Bill 98 Overview, Warehouse Design and Build Standards RECOMMENDED ACTION

1.  Review and discuss the requirements and implications of Assembly Bill 98 regarding warehouse design and build standards.

12.2 Land Uses in the Economic Development Corridor – Northern Gateway RECOMMENDED ACTION

1.  Review and discuss the Land Uses in the Economic Development Corridor – Northern Gateway.

13.  CITY ATTORNEY REPORTS

14.  CITY MANAGER REPORTS

15.  FUTURE AGENDA REQUESTS FROM COUNCIL MEMBERS
> Esthetic Enhancements to the Vacant Lot for Future MOC Frontage (Karwin, November 20, 2024) Target Date: June 2025
> Economic Development Ad Hoc Committee (Deines, February 5, 2025) Target Date: TBD
> Naming of Bridge Over Salt Creek – Bradley Rd. Veterans Memorial Bridge (Temple, February 5, 2025) Target Date: TBD
> Menifee Legislative Bodies Term Limits (Estrada, February 5, 2025) Target Date: TBD
> Menifee Welcome Monuments (Diederich, March 5, 2025)
Target Date: TBD
> Menifee Fire Department Start up Fiscal Impact (Karwin, April 2, 2025) Target Date: TBD
> Evaluation of a Menifee Charitable Organization (Estrada, April 16, 2025) Target Date: TBD
> Feasability of a Regional Sports Park (Diederich, May 7, 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.

Affidavit of the Posting
I, Stephanie Roseen, do hereby certify, under penalty of perjury, that the May 21, 2025 City Council meeting agenda was posted at least 72 hours prior to the meeting in the following locations per Cal. Gov. Code, § 54954.2, subd. (a) (1): Menifee City Hall, 29844 Haun Road, Kay Ceniceros Community Center, 29995 Evans Road, and the City of Menifee website.

Menifee Mayor and City Council
May 21, 2025
Page
4 of 540

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
AGENDA
Menifee City Council
Regular Meeting Agenda
Wednesday, May 21, 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. LIABILITY CLAIM – Pursuant to Government Code Section 54956.95 Claimant: Jason Adams
Agency Claimed Against: City of Menifee

2. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 City of Menifee v. City of Perris, Riverside County Superior Court Case No.

CVRI2203040

3. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, SIGNIFICANT EXPOSURE TO LITIGATION
Government Code Section 54956.9(d)(2) or (3): Two cases

4. CONFERENCE WITH LEGAL COUNSEL ­ ANTICIPATED LITIGATION, INITIATION OF LITIGATION
Government Code Section 54956.9(d)(4): Two cases
REGULAR MEETING (6:00 PM)

1. CALL TO ORDER

2.  ROLL CALL

3.  WORDS OF INSPIRATION

3.1. Pastor Ieesha Sharp – Lead Your Ship Ministries

4.  PLEDGE OF ALLEGIANCE

5.  PRESENTATIONS

5.1. Spring Teen Awards

5.2. Citizen of the Month – Ed Samuelson

5.3. 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 May 7, 2025 Special Meeting Minutes

9.2 May 7, 2025 Regular 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 4/18/2025 and 4/25/2025, the Payroll Register/Other EFTs dated 4/14/2025, 4/16/2025, 4/23/2025 and 4/25/2025, which have a total budgetary impact of $4,511,054.09.

10.3 Treasurer's Report ­ March 2025
RECOMMENDED ACTION

1.  Receive and file the Quarterly Treasurer’s Report as of March 31, 2025.

10.4 Monthly Public Safety Reports
RECOMMENDED ACTION

1.  Receive and file the Public Safety Reports for March 2025.​​​​

10.5 Capital Improvement Program Construction Contract Change Order Quarterly Activity Report
RECOMMENDED ACTION

1.  Receive and file the Capital Improvement Program Construction Contract Change Order activity report for the third quarter of Fiscal Year 2024/25.

10.6 Intention to Set a Public Hearing Date for Delinquent Solid Waste Accounts and Collection on Riverside County’s Property Tax Roll
RECOMMENDED ACTION

1.  Set a public hearing date for June 4, 2025, to accept public testimony regarding the delinquent solid waste accounts from Calendar Year 2024 to be applied to the Fiscal Year 2025/2026 County of Riverside property tax roll for collection.

10.7 Fiscal Year 2025/2026 Senate Bill 1 List of Projects RECOMMENDED ACTION

1.  Adopt a resolution approving the Fiscal Year 2025/2026 list of projects funded by the Road Repair and Accountability Act of 2017 under Senate Bill 1; and

2.  Authorize the Public Works Director, or designee, to submit the required list of projects and accompanying resolution to the California Transportation Commission (CTC).

10.8 Agreement of Purchase and Sale for the Acquisition of Real Property to be Designated as Open Space for Parks, Trails and Recreation RECOMMENDED ACTION

1.  Approve and authorize the City Manager to execute a Purchase and Sale Agreement for real property known as Menifee Hills consisting of 19 parcels generally located west of Menifee Road, north of Aldergate Drive, east of Antelope Road, and south of McCall Boulevard to be designated as open space for parks, trails and recreational purposes in an amount not­to­exceed $1,150,000; and

2.  Authorize the City Manager to execute the Agreement of Purchase and Sale and Escrow Instructions, and to execute any additional documents required for the acquisition of the real property (APNs) 333­210­019, 333­210­020, 333­210­017, 333­210­014, 333­210­015, 333­210­016, 333­210­013, 333­220­019, 333­220­ 017, 333­220­018, 333­220­013, 333­220­008, 333­220­009, 333­220­005, 333­ 220­007, 333­220­010, 333­ 220­011, 333­220­012, and 333­220­006; and

3.  Adopt a budget amendment resolution for the Trust Fund approving an increase in revenue and appropriation of expenditures in the amount of $1,164,540 (Transfer Out); and

4.  Adopt a budget amendment resolution to the General Fund approving an increase in revenue (Transfer In) and appropriation of expenditures in the amount of $1,164,540 to account assigned by the Finance Department.

10.9 Agreement Amendment with 4Leaf, Inc. for On­Call Plan Review Services and Professional Inspection Services
RECOMMENDED ACTION

1.  Approve and authorize the City Manager to execute Amendment No. 2 to the Professional Services Agreement (“Agreement”) with 4Leaf, Inc., for on­call Building and Safety Plan Review and Inspection services, increasing the Agreement by $38,601, for a total not­to­exceed amount of $469,600.

10.10 Agreement Amendment with NV5, Inc. for the Bradley Road Bridge Over Salt Creek Project
RECOMMENDED ACTION

1.  Approve and authorize the City Manager to execute Amendment No. 9 to the Professional Services Agreement with NV5, Inc. for environmental & design services, increasing the compensation amount by $67,875, for a total not­to­ exceed amount of $1,623,000, and extending the terms to February 28, 2027 for the Bradley Road Bridge Over Salt Creek Project, Capital Improvement Program (CIP) Project No. CIP 13­04; and

2.  Adopt a budget amendment resolution (BAR) appropriating the previously approved reserve funds in the amount of $223,872 in expenditures for the Project within the Quality of Life (Measure DD) Fund (Fund 1105).

10.11 Agreement Amendment with Kimley­Horn and Associates, Inc. for the Civic Center Parking Lot Project
RECOMMENDED ACTION

1.  Approve and authorize the City Manager to execute Amendment No. 3 to the Professional Services Agreement with Kimley­Horn and Associates, Inc., increasing the compensation by $42,439.22, for a total not­to­exceed amount of $395,543.22, and extending the terms of the through December 31, 2025 for the Civic Center Parking Lot Project, Capital Improvement Program (CIP) Project No. 22­24.

11.  PUBLIC HEARING ITEMS

11.1 2025 Annual Report for Citywide Vacancies, and Recruitment and Retention Efforts RECOMMENDED ACTION

1.  Receive and file the annual report on citywide vacancy rates, recruitment, and retention efforts for the City of Menifee’s six bargaining units as required by Government Code Section 3502.3.

12.  DISCUSSION ITEMS

12.1 Assembly Bill 98 Overview, Warehouse Design and Build Standards RECOMMENDED ACTION

1.  Review and discuss the requirements and implications of Assembly Bill 98 regarding warehouse design and build standards.

12.2 Land Uses in the Economic Development Corridor – Northern Gateway RECOMMENDED ACTION

1.  Review and discuss the Land Uses in the Economic Development Corridor – Northern Gateway.

13.  CITY ATTORNEY REPORTS

14.  CITY MANAGER REPORTS

15.  FUTURE AGENDA REQUESTS FROM COUNCIL MEMBERS
> Esthetic Enhancements to the Vacant Lot for Future MOC Frontage (Karwin, November 20, 2024) Target Date: June 2025
> Economic Development Ad Hoc Committee (Deines, February 5, 2025) Target Date: TBD
> Naming of Bridge Over Salt Creek – Bradley Rd. Veterans Memorial Bridge (Temple, February 5, 2025) Target Date: TBD
> Menifee Legislative Bodies Term Limits (Estrada, February 5, 2025) Target Date: TBD
> Menifee Welcome Monuments (Diederich, March 5, 2025)
Target Date: TBD
> Menifee Fire Department Start up Fiscal Impact (Karwin, April 2, 2025) Target Date: TBD
> Evaluation of a Menifee Charitable Organization (Estrada, April 16, 2025) Target Date: TBD
> Feasability of a Regional Sports Park (Diederich, May 7, 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.

Affidavit of the Posting
I, Stephanie Roseen, do hereby certify, under penalty of perjury, that the May 21, 2025 City Council meeting agenda was posted at least 72 hours prior to the meeting in the following locations per Cal. Gov. Code, § 54954.2, subd. (a) (1): Menifee City Hall, 29844 Haun Road, Kay Ceniceros Community Center, 29995 Evans Road, and the City of Menifee website.

Menifee Mayor and City Council
May 21, 2025
Page
5 of 540

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
AGENDA
Menifee City Council
Regular Meeting Agenda
Wednesday, May 21, 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. LIABILITY CLAIM – Pursuant to Government Code Section 54956.95 Claimant: Jason Adams
Agency Claimed Against: City of Menifee

2. CONFERENCE WITH LEGAL COUNSEL EXISTING LITIGATION
Government Code Paragraph (1) of subdivision (d) of Section 54956.9 City of Menifee v. City of Perris, Riverside County Superior Court Case No.

CVRI2203040

3. CONFERENCE WITH LEGAL COUNSEL ANTICIPATED LITIGATION, SIGNIFICANT EXPOSURE TO LITIGATION
Government Code Section 54956.9(d)(2) or (3): Two cases

4. CONFERENCE WITH LEGAL COUNSEL ­ ANTICIPATED LITIGATION, INITIATION OF LITIGATION
Government Code Section 54956.9(d)(4): Two cases
REGULAR MEETING (6:00 PM)

1. CALL TO ORDER

2.  ROLL CALL

3.  WORDS OF INSPIRATION

3.1. Pastor Ieesha Sharp – Lead Your Ship Ministries

4.  PLEDGE OF ALLEGIANCE

5.  PRESENTATIONS

5.1. Spring Teen Awards

5.2. Citizen of the Month – Ed Samuelson

5.3. 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 May 7, 2025 Special Meeting Minutes

9.2 May 7, 2025 Regular 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 4/18/2025 and 4/25/2025, the Payroll Register/Other EFTs dated 4/14/2025, 4/16/2025, 4/23/2025 and 4/25/2025, which have a total budgetary impact of $4,511,054.09.

10.3 Treasurer's Report ­ March 2025
RECOMMENDED ACTION

1.  Receive and file the Quarterly Treasurer’s Report as of March 31, 2025.

10.4 Monthly Public Safety Reports
RECOMMENDED ACTION

1.  Receive and file the Public Safety Reports for March 2025.​​​​

10.5 Capital Improvement Program Construction Contract Change Order Quarterly Activity Report
RECOMMENDED ACTION

1.  Receive and file the Capital Improvement Program Construction Contract Change Order activity report for the third quarter of Fiscal Year 2024/25.

10.6 Intention to Set a Public Hearing Date for Delinquent Solid Waste Accounts and Collection on Riverside County’s Property Tax Roll
RECOMMENDED ACTION

1.  Set a public hearing date for June 4, 2025, to accept public testimony regarding the delinquent solid waste accounts from Calendar Year 2024 to be applied to the Fiscal Year 2025/2026 County of Riverside property tax roll for collection.

10.7 Fiscal Year 2025/2026 Senate Bill 1 List of Projects RECOMMENDED ACTION

1.  Adopt a resolution approving the Fiscal Year 2025/2026 list of projects funded by the Road Repair and Accountability Act of 2017 under Senate Bill 1; and

2.  Authorize the Public Works Director, or designee, to submit the required list of projects and accompanying resolution to the California Transportation Commission (CTC).

10.8 Agreement of Purchase and Sale for the Acquisition of Real Property to be Designated as Open Space for Parks, Trails and Recreation RECOMMENDED ACTION

1.  Approve and authorize the City Manager to execute a Purchase and Sale Agreement for real property known as Menifee Hills consisting of 19 parcels generally located west of Menifee Road, north of Aldergate Drive, east of Antelope Road, and south of McCall Boulevard to be designated as open space for parks, trails and recreational purposes in an amount not­to­exceed $1,150,000; and

2.  Authorize the City Manager to execute the Agreement of Purchase and Sale and Escrow Instructions, and to execute any additional documents required for the acquisition of the real property (APNs) 333­210­019, 333­210­020, 333­210­017, 333­210­014, 333­210­015, 333­210­016, 333­210­013, 333­220­019, 333­220­ 017, 333­220­018, 333­220­013, 333­220­008, 333­220­009, 333­220­005, 333­ 220­007, 333­220­010, 333­ 220­011, 333­220­012, and 333­220­006; and

3.  Adopt a budget amendment resolution for the Trust Fund approving an increase in revenue and appropriation of expenditures in the amount of $1,164,540 (Transfer Out); and

4.  Adopt a budget amendment resolution to the General Fund approving an increase in revenue (Transfer In) and appropriation of expenditures in the amount of $1,164,540 to account assigned by the Finance Department.

10.9 Agreement Amendment with 4Leaf, Inc. for On­Call Plan Review Services and Professional Inspection Services
RECOMMENDED ACTION

1.  Approve and authorize the City Manager to execute Amendment No. 2 to the Professional Services Agreement (“Agreement”) with 4Leaf, Inc., for on­call Building and Safety Plan Review and Inspection services, increasing the Agreement by $38,601, for a total not­to­exceed amount of $469,600.

10.10 Agreement Amendment with NV5, Inc. for the Bradley Road Bridge Over Salt Creek Project
RECOMMENDED ACTION

1.  Approve and authorize the City Manager to execute Amendment No. 9 to the Professional Services Agreement with NV5, Inc. for environmental & design services, increasing the compensation amount by $67,875, for a total not­to­ exceed amount of $1,623,000, and extending the terms to February 28, 2027 for the Bradley Road Bridge Over Salt Creek Project, Capital Improvement Program (CIP) Project No. CIP 13­04; and

2.  Adopt a budget amendment resolution (BAR) appropriating the previously approved reserve funds in the amount of $223,872 in expenditures for the Project within the Quality of Life (Measure DD) Fund (Fund 1105).

10.11 Agreement Amendment with Kimley­Horn and Associates, Inc. for the Civic Center Parking Lot Project
RECOMMENDED ACTION

1.  Approve and authorize the City Manager to execute Amendment No. 3 to the Professional Services Agreement with Kimley­Horn and Associates, Inc., increasing the compensation by $42,439.22, for a total not­to­exceed amount of $395,543.22, and extending the terms of the through December 31, 2025 for the Civic Center Parking Lot Project, Capital Improvement Program (CIP) Project No. 22­24.

11.  PUBLIC HEARING ITEMS

11.1 2025 Annual Report for Citywide Vacancies, and Recruitment and Retention Efforts RECOMMENDED ACTION

1.  Receive and file the annual report on citywide vacancy rates, recruitment, and retention efforts for the City of Menifee’s six bargaining units as required by Government Code Section 3502.3.

12.  DISCUSSION ITEMS

12.1 Assembly Bill 98 Overview, Warehouse Design and Build Standards RECOMMENDED ACTION

1.  Review and discuss the requirements and implications of Assembly Bill 98 regarding warehouse design and build standards.

12.2 Land Uses in the Economic Development Corridor – Northern Gateway RECOMMENDED ACTION

1.  Review and discuss the Land Uses in the Economic Development Corridor – Northern Gateway.

13.  CITY ATTORNEY REPORTS

14.  CITY MANAGER REPORTS

15.  FUTURE AGENDA REQUESTS FROM COUNCIL MEMBERS
> Esthetic Enhancements to the Vacant Lot for Future MOC Frontage (Karwin, November 20, 2024) Target Date: June 2025
> Economic Development Ad Hoc Committee (Deines, February 5, 2025) Target Date: TBD
> Naming of Bridge Over Salt Creek – Bradley Rd. Veterans Memorial Bridge (Temple, February 5, 2025) Target Date: TBD
> Menifee Legislative Bodies Term Limits (Estrada, February 5, 2025) Target Date: TBD
> Menifee Welcome Monuments (Diederich, March 5, 2025)
Target Date: TBD
> Menifee Fire Department Start up Fiscal Impact (Karwin, April 2, 2025) Target Date: TBD
> Evaluation of a Menifee Charitable Organization (Estrada, April 16, 2025) Target Date: TBD
> Feasability of a Regional Sports Park (Diederich, May 7, 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.

Affidavit of the Posting
I, Stephanie Roseen, do hereby certify, under penalty of perjury, that the May 21, 2025 City Council meeting agenda was posted at least 72 hours prior to the meeting in the following locations per Cal. Gov. Code, § 54954.2, subd. (a) (1): Menifee City Hall, 29844 Haun Road, Kay Ceniceros Community Center, 29995 Evans Road, and the City of Menifee website.

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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
Special Meeting Minutes
Wednesday, May 07, 2025
4:00 PM Special Meeting
Armando G. Villa, City Manager
Jeffrey T. Melching, City Attorney
Stephanie Roseen, City Clerk
SPECIAL MEETING (4:00 PM)

1. CALL TO ORDER
Mayor Estrada called the meeting to order at 4:00 PM.

2. ROLL CALL

Present: Ricky Estrada, Bob Karwin, Ben Diederich, Dan Temple, Dean Deines

Absent: None

3. PLEDGE OF ALLEGIANCE
Councilmember Diederich led the flag salute.

4. DISCUSSION ITEMS

4.1 Fiscal Year 2025/26 and 2026/27 Operating and Capital Improvement Program Budget Workshop
Chief Financial Officer Travis Hickey and Public Works Director Nick Fidler provided a presentation and reported on the Fiscal Year 2025/2026 and 2026/2027 Operating and Capital Improvement Program Budgets.

The City Council asked staff questions.

The following speaker addressed the City Council.
•David Foust
The City Council spoke in favor of the proposed budget.

5. ADJOURN
Mayor Estrada adjourned the meeting at 5:07 PM.

Stephanie Roseen, CMC
City Clerk
Item Title: 9.1
May 7, 2025 Special Meeting Minutes
Item Page Number: 1

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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, May 07, 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 5:11 PM. Present were Councilmembers Deines, Diederich, Temple, Mayor Pro Tem Karwin, and Mayor Estrada. Mayor Estrada recessed to closed session at 5:12 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
REGULAR MEETING (6:00 PM)

1. CALL TO ORDER
Mayor Estrada called the meeting to order at 6:04 PM.

City Attorney Jeffrey Melching stated there was no reportable action from closed session.

2. ROLL CALL

Present: Ricky Estrada, Bob Karwin, Ben Diederich, Dan Temple, Dean Deines

Absent: None

3. WORDS OF INSPIRATION
Counselor Tony Hughes ­ The Church of Jesus Christ of Latter­Day Saints

4. PLEDGE OF ALLEGIANCE
David Foust led the flag salute.

Item Title: 9.2
May 7, 2025 Regular Meeting Minutes
Item Page Number: 1

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5. PRESENTATIONS

5.1 Older Americans Month Proclamation
The City Council presented a proclamation to the Menifee Senior Advisory Committee.

5.2 Police Department Quarterly Update
Police Chief Chris Karrer provided a presentation.

The City Council asked staff questions.

5.3 Drone as a First Responder Program
Lieutenant Cory Cox provided a presentation.

The City Council asked staff questions.

6. AGENDA APPROVAL OR MODIFICATIONS
The agenda was approved unanimously (5­0) with no modifications.

7. PUBLIC COMMENTS (NON­AGENDA ITEMS)
The following speakers addressed the City Council.
•Kristi Nechochea
•Dawn Smith
•Beverly Greene

8. COUNCILMEMBER UPDATES AND COMMENTS
Councilmember Diederich reported on the meetings and events he attended. •Menifee Employee Appreciation Luncheon
•Menifee’s Citizen Academy Graduation
•Menifee Chamber of Commerce Board Meeting
•Menifee Better Together
•Joint Parks, Recreation, and Trails Commission (PRTC) and City Council Workshop
•Southern California Association of Governments (SCAG) Annual Meeting Councilmember Temple reported on the meetings and events he attended. •Riverside Conservation Authority (RCA) Meeting
•Art Beat in Menifee Event
•SCAG Annual Meeting
•Menifee Better Together
•Ribbon Cutting for Prevail Health & Sports Recovery
•Menifee Interfaith Council Meeting
•Joint PRTC and City Council Workshop
•Menifee’s Citizen Academy Graduation
Item Title: 9.2
May 7, 2025 Regular Meeting Minutes
Item Page Number: 2

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Councilmember Deines reported on the meetings and events he attended. •Menifee’s Citizen Academy Graduation
•Southwest T­Now Meeting
•Riverside County Transportation Commission (RCTC) Budget Committee Meeting
•Joint PRTC and City Council Workshop
•Southwest Financing Authority Meeting
•Riverside Transit Agency (RTA) Admin and Operations Committee Meeting.

Mayor Pro Tem Karwin reported on the meetings and events he attended. •Menifee Employee Appreciation Luncheon
•Aries Development Community Meeting
•Rotary Club Meeting
•Retirement Acknowledgement of Menifee Superior Court Judge, Angel Bermudez
•Coffee with a Cop
•RTA Meeting
•Western Riverside Council of Governments (WRCOG) Executive Committee Meeting
Mayor Estrada reported on the meetings and events he attended. •Menifee Better Together
•Joint PRTC and City Council Workshop
•Augusta Homeowners Association Meeting
•Motte Museaum Spring Event
•Murrieta Holocaust Memorial Groundbreaking
•Perris Union High School Gala

9. APPROVAL OF MINUTES
The following sets of minutes were approved unanimously (5­0) with no modifications.

9.1 April 16, 2025 Special Meeting Minutes

9.2 April 16, 2025 Regular Meeting Minutes

9.3 April 29, 2025 Special Meeting Minutes

10. CONSENT CALENDAR
Mayor Pro Tem Karwin requested to pull Item No. 10.8 for further discussion.

The balance of the consent calendar was approved by the following vote.

MOVER: Dean Deines
SECONDER: Ben Diederich
AYES: Estrada, Karwin, Diederich, Temple, Deines
NAYS: None
RECUSE: None
Item Title: 9.2
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Item Page Number: 3

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10.1 Waiver of Reading
ACTION

1. Waived the reading in full of any and all Ordinances listed on this agenda and provided that they be read by title only.

10.2 Warrant Register
ACTION

1. Ratified and approved the Voucher Lists dated 3/28/2025, 4/4/2025, and 4/11/2025, the Payroll Register/Other EFTs dated 3/24/2025, 3/26/2025, 3/28/2025, 4/2/2025, 4/3/2025, 4/6/2025, 4/8/2025, 4/9/2025 and 4/11/2025, the City Credit Card payment summary for the period 1/1/2025 to 2/28/2025 and the Void check listing PE 3/31/2025, which have a total budgetary impact of $7,804,600.46.

10.3 Proclamations
ACTION

1. Proclaimed May as Building and Safety Month, Small Business Month, Mental Health Matters Month, Frontline Worker Appreciation Month; and

2. Proclaimed May 4th – 10th Professional Municipal Clerk’s Week; and

3. Proclaimed May 6th – 10th Economic Development Week; and

4. Proclaimed May 12th – 18th National Police Week; and

5. Proclaimed May 18th – 24th National Public Works Week.

10.4 Developer Funded California Environmental Quality Act Consultant Update for the Third Quarter of Fiscal Year 2024/2025
ACTION

1. Received and filed the third quarterly update on executed California Environmental Quality Act consultant contracts for Fiscal Year 2024/2025.

10.5 Second Reading and Adoption of an Ordinance Revising the City’s Procurement Procedures
ACTION

1. Adopted Ordinance No. 2025-413, repealing and replacing Chapter 3.12 and repealing Chapter 3.30, of the Menifee Municipal Code to consolidate and revise the City’s procurement procedures; and

2. Adopted Resolution No. 25-1570, establishing the requirement of a purchasing manual consistent with applicable federal, state, and local procurement requirements.

Item Title: 9.2
May 7, 2025 Regular Meeting Minutes
Item Page Number: 4

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AYES: Estrada, Karwin, Diederich, Temple, Deines
NAYS: None
RECUSE: None

10.6 2024 Justice Assistance Grant Award for the Menifee Police Department ACTION

1. Accepted the Fiscal Year 2024/2025 Justice Assistance Grant in the amount of $13,032; and

2. Adopted Resolution No. 25-1571, appropriating $13,032 in revenue and expenditures, for the Menifee Police Department; and

3. Authorized the City Manager or designee to execute all necessary agreements and other grant related documents thereof to receive the 2024 Justice Assistance Grant.

10.7 Memorandum of Understanding with Menifee Valley Community Cupboard for Edible Food Recovery Grant
ACTION

1. Approved and authorized the City Manager to execute a Memorandum of Understanding with the Menifee Valley Community Cupboard for a six­month term to continue activities funded under the CalRecycle Edible Food Recovery Grant Program.

10.8 Bid Award and Agreement with Ames Construction, Inc. for Construction Services for the Bradley Road Bridge Over Salt Creek Project
Engineering Manager Carlos Geronimo provided an overview of the project.

The City Council asked staff questions.

ACTION

1. Awarded bid and authorized the City Manager to execute a Contract Services Agreement with Ames Construction, Inc. for construction services for the Bradley Road Bridge Over Salt Creek Project, Capital Improvement Program (CIP) Project No. 13­04, in a total not­to­exceed amount of $16,152,581.15; and

2. Authorized the City Manager to execute Amendment No. 1, in substantially the form provided in the attached Draft Amendment, to the Utility Agreement with Eastern Municipal Water District (EMWD) updating the total reimbursement costs in a total not­to­exceed amount of $2,921,200; and

3. Adopted Resolution No. 25-1573, appropriating $2,921,200 of Capital Project Funds (Fund 4320) in revenues and expenditures.

MOVER: Bob Karwin
SECONDER: Dean Deines
Item Title: 9.2
May 7, 2025 Regular Meeting Minutes
Item Page Number: 5

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10.9 Bid Award and Agreement with Integrated Demolition and Remediation, Inc. for Abatement Services for the Cherry Hills Facility Improvements Project ACTION

1. Awarded bid and authorized the City Manager to execute a Contract Services Agreement with Integrated Demolition and Remediation, Inc. for abatement services for the Cherry Hills Facility Improvements – Phase I Project, Capital Improvement Program (CIP) Project No. 23­13, in a total not­to­exceed amount of $172,300.

10.10 Bid Award and Agreements with Dana Safety Supply, West Coast Lights & Sirens, and American Emergency Products (AEP) for Police Vehicle Upfitting Services ACTION

1. Awarded a bid and authorized the City Manager to execute a General Services Agreement with Dana Safety Supply, West Coast Lights & Sirens, and American Emergency Products (AEP) for On­Call Police Vehicle Upfitting Services in a total not­to­exceed amount of $500,000 through June 30, 2029, which includes an initial not­to­exceed amount of $300,000 through June 30, 2027, and up to two $100,000 one­year optional renewals; and

2. Authorized the Finance Department to issue individual purchase orders against the agreements.

10.11 Agreement Amendment with NV5, Inc. for On­call Environmental Review, Civil Engineering, Landscape Design and Inspection, and Hydrological and Hydraulic Engineering Services
ACTION

1. Approved and authorized the City Manager to execute Amendment No. 1 to the Master Agreement with NV5, Inc. for environmental review, civil engineering, landscape design and inspection, and hydrological and hydraulic engineering services, increasing the compensation by $180,000, for a three­year total agreement amount not­to­exceed $380,000.

10.12 Agreement Amendment with J. Smith and T. Muli for Hydrological Review and Inspection Services
ACTION

1. Approved and authorized the City Manager to execute Amendment No. 2 to the Master Agreement with J. Smith and T. Muli, for hydrological review and inspection services, increasing the compensation by $200,000, for a three­year total agreement amount not­to­exceed $450,000.

Item Title: 9.2
May 7, 2025 Regular Meeting Minutes
Item Page Number: 6

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10.13 Contract Change Order No. 10 with Act 1 Construction, Inc. for the New Quail Valley Fire Station No. 5 Project
ACTION

1. Approved and authorized the City Manager to execute Contract Change Order No. 10 with Act 1 Construction, Inc. extending the number of working days by 228 days and increasing the compensation by $52,629.67, for a total contract amount not­to­exceed $8,907,428.40, for the New Quail Valley Fire Station No. 5 Project, Capital Improvement Program (CIP) Project No. 21­04 located on Goetz Road near Vista Way.

10.14 Public Roadway Vacation No. 23­001, Vacating Dedicated Public Roadway, Portion of Antelope Road Previous Alignment on the Map of Romola No. 15, Romola Farms ACTION

1. Adopted Resolution No. 25-1574, ordering the summary vacation of public road right of way dedication, together with the right of ingress and egress, on Antelope Road as previously dedicated on the recorded Map of Romola No. 15, located near the southwest corner of the new Antelope Road alignment and Calle Celia intersection; and

2. Authorized the City Clerk to record the approved resolution and Notice of Vacation No. 23­001 with the Riverside County Clerk Recorder’s Office.

11. PUBLIC HEARING ITEMS

11.1 Community Development Block Grant for Program Year 2025/2026 Annual Action Plan
Senior Management Analyst Edna Lebron provided a presentation and reported on the Community Development Block Grant Annual Action Plan.

The City Council asked staff questions.

Mayor Estrada opened the public hearing at 7:32 PM. City Clerk Stephanie Roseen stated the public hearing was legally noticed and there was no correspondence received.

The following speakers addressed the City Council.
•Gloria Sanchez
•Charmaine Summers
Mayor Estrada closed the public hearing at 7:35 PM.

The City Council spoke in favor of the Menifee Citizens Advisory Committee’s recommendations.

Item Title: 9.2
May 7, 2025 Regular Meeting Minutes
Item Page Number: 7

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AYES: Estrada, Karwin, Diederich, Temple, Deines
NAYS: None
RECUSE: None
AYES: Estrada, Karwin, Diederich, Temple, Deines
NAYS: None
RECUSE: None
AYES: Estrada, Karwin, Diederich, Temple, Deines
NAYS: None
RECUSE: None
ACTION

1. Adopted Resolution No. 25-1575, approving the City’s Community Development Block Grant (“CDBG”) Program Year (“PY”) 2025/2026 Annual Action Plan; and

2. Authorized the City Manager or his designee to execute all necessary agreements and other grant­related documents to receive CDBG funds.

MOVER: Ricky Estrada
SECONDER: Bob Karwin

11.2 Proposed Formation of Community Facilities District No. 2025­1, Menifee Vista City Clerk Stephanie Roseen provided a brief overview of Item Nos. 11.2 and 11.3.

ACTION

1. Continued the public hearing for the establishment of Community Facilities District No. 2025­1 (Menifee Vista) of the City of Menifee (“CFD No. 2025­1” or CFD”) to June 4, 2025.

MOVER: Dean Deines
SECONDER: Bob Karwin

11.3 Proposed Annexation No. 26, Menifee Vista, into Community Facilities District 2017­1 (Maintenance Services)
ACTION

1. Continued the public hearing for Annexation No. 26, Menifee Vista, into Community Facilities District 2017­1 (Maintenance Services) to June 4, 2025.

MOVER: Dean Deines
SECONDER: Bob Karwin

12. DISCUSSION ITEMS - NONE

13. CITY ATTORNEY REPORTS
None.

Item Title: 9.2
May 7, 2025 Regular Meeting Minutes
Item Page Number: 8

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14. CITY MANAGER REPORTS
None.

15. FUTURE AGENDA REQUESTS FROM COUNCIL MEMBERS
Councilmember Diederich requested a future item for City Council consideration on the feasibility of a regional sports park. Mayor Estrada seconded the request.

16. ADJOURN
Mayor Estrada adjourned the meeting at 7:43 PM.

Stephanie Roseen, CMC
City Clerk
Item Title: 9.2
May 7, 2025 Regular Meeting Minutes
Item Page Number: 9

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CITY OF MENIFEE
SUBJECT: Warrant Register
MEETING DATE: May 21, 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 4/18/2025 and 4/25/2025, the Payroll Register/Other EFTs dated 4/14/2025, 4/16/2025, 4/23/2025 and 4/25/2025, which have a total budgetary impact of $4,511,054.09.

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 4/18/2025 and 4/25/2025, the Payroll Register/Other EFTs dated 4/14/2025, 4/16/2025, 4/23/2025 and 4/25/2025 have a total budgetary impact of $4,511,054.09.

STRATEGIC PLAN OBJECTIVE
Regular City Business

FISCAL IMPACT
As indicated previously, the payments of demand above have a total budgetary impact of $4,511,054.09, which is available in the fiscal year 2024/25 budget. No additional budget appropriation action(s) is required.

Item Title: 10.2
Warrant Register
Item Page Number: 1

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City of Menifee Staff Report
Warrant Register
May 21, 2025

2 6
7 2

ATTACHMENTS

1. Voucher Listing 4/18/2025

2. Voucher Listing 4/25/2025

3. Payroll Register/Other EFTs
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 801647 4/18/2025 4LEAF, INC. J4153F-R 25100123 Jan'25 B&S Permit Tech Svcs. 11,583.31 801648 4/18/2025 AFLAC 671794 Apr'25 Insurance Premiums 16,306.46 801649 4/18/2025 AMAZON CAPITAL SERVICES, INC. 1T33-F6GK-CXQ7 PD Fleet Vehicle Maint 596.75 1LKX-L9G9-97Q7 CS Teen Hangout Supplies 679.61
1XQW-NNMV-3XRC CS Aquatics Supplies 64.14
1H9Y-PXTF-34NK CS Skate Park Supplies 49.69
1TGC-LV7C-91HH CS Parks Small Tools/Field Equip 249.03
1L6W-R1QY-99F4 Fire Facilities Maint 107.61
1H9Y-PXTF-9C1D CS Teen Hangout Supplies 77.91
17HV-DRF9-DT3K PW Streets Materials/Supplies 66.72
19MQ-J7GL-6LF3 CS AMR Park Field Drag Mat 402.35
194C-HG6G-6LPG CS Centennial Park Field Drag Mat 402.35 16KN-9JCX-D7FK CS Parks Padlocks 216.00
1H44-33JK-4LRL IT/PW Software/Subscriptions 325.71
19XY-KP9G-6MFY Sweet Team Employee Recog/Apprec 254.79
1NNJ-96CK-3HGV IT DisplayPort to HDMI Cables 79.80
13C4-4WMH-6VPC IT 10 Pack Proximity Access Cards 63.06
1NPN-3LVQ-7MLD PD Office Supplies 368.94
1LR7-7VVP-4GR6 PW Eng/Const Insp Red Spray Paint 69.18
1TG3-LGXP-DCXP CS Department Awards 81.83
1XNJ-P11H-QTYF PW Spray Paint 136.67
1KLN-TP3D-77GV CS Veterans Memorial Day Supplies 239.48 1TVP-C6DD-973P IT Proximity Card 250.13
1XCN-GKCR-9PQX CS Lazy Creek After School Supplies 298.87 19MP-TCVN-FH4J PW Insp Spray Paint 92.59
173K-RCQR-4QHL CS Sports Camp Supplies 69.58
1Q96-CGGL-9HQD CS Veterans Memorial Day Supplies 86.98
5,329.77
801650 4/18/2025 AMAZON CAPITAL SERVICES, INC. 17JF-PF3C-H66F CS MBT Event Supplies 41.30 1WHW-39KC-C1GM ED Balloons 13.79
1GHM-NMCX-73DY ED Events 36.92
13YF-3RC7-3JHT CS Parks Small Tools/Field Equip 31.53
194N-KQWD-36X4 CS Parks Small Tools/Field Equip 43.46
1VYD-JGDN-9K4F Fire Facilities Maint 39.56
16KN-9JCX-KDND HR Office Supplies 27.59
1171-Q77N-K9W3 ED Oversized Presentation Check 27.07
17WQ-H1HF-6RFP IT DP DJI Osmo Waterproof Hard Case 37.18 113G-XHNM-7PKF IT/PW Otterbox iPhone Case 37.46
1TG3-LGXP-DKN1 CS Cooking for Kids Supplies 31.21
1LR7-7VVP-W7NY Sweet Team Emp Apprec/Recog 42.02

Item Title: 10.2
Warrant Register
Item Page Number: 3

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May 21, 2025
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Voucher Date Vendor Invoice Number PO # Description Amount 1QX1-WM1V-GKTF IT/PW Desk Stand Mount 22.61
1DJM-HF3J-PDNL Sweet Team Plastic Cutlery 36.96
468.66
801651 4/18/2025 ANIMAL FRIENDS OF THE VALLEY April 2025 25100153 Apr'25 Animal Field Sevices 19,500.00 801652 4/18/2025 ANSER ADVISORY MANAGEMENT, LLC 30616R 24100328 Jan'24-Dec'24 Lbr Comp Svc New Quail Valley Fire 5 114,186.50 801653 4/18/2025 ARC DOCUMENT SOLUTIONS 12773215 Econ Dev Land Development Map 437.19 801654 4/18/2025 ARCHITERRA DESIGN GROUP 33498-33503, 33513 25100044 Mar'25 Landscape/Inspection Svcs 3,236.50 801655 4/18/2025 BARCODES, INC INV7522698 25100166 E-Cite Printers Essential Care 3,060.00 801656 4/18/2025 BMLA INCORPORATED 2025-135 25100168 CS Mar'25 La Ladera Enhancements - Design Services 8,740.00 801657 4/18/2025 BUCKNAM INFRASTRUCTURE GROUP 339-10.06 25100319 Pro Eng Svcs PMP 2024 CIP 24-23 18,608.15 801658 4/18/2025 CORELOGIC SOLUTIONS, LLC 30767831 25100144 Mar'25 PD Corelogic Licensing 424.36 801659 4/18/2025 D.R. BECHTER CONSULTING INC. 14-002-441 25100034 Mar25-Apr25 On Call Construction Inspection 8,875.00 801660 4/18/2025 DAYSMART RECREATION INV01420924 25100236 Apr'25 Recreation Registration Software Services 536.10 801661 4/18/2025 DELTA DENTAL INSURANCE COMPANY BE006509609 Apr'25 Dental HMO Insurance Premiums 1,901.41 801662 4/18/2025 DELTA DENTAL OF CALIFORNIA BE006508389 Apr'25 PPO Insurance Premiums 16,963.63 801663 4/18/2025 DENNIS JANDA, INC. 17085 25100219 Mar'25 Tract Map Review-Golden Meadows TM31194-2 672.50 17091 25100661 Mar'25 Lot Line Adjustment Rvw-TR33732-3 Cantalena 1,790.00 2,462.50
801664 4/18/2025 DIAMOND ENVIRONMENTAL SVC 0006117287 PW Temporary Fence 28349 Bradley Rd 111.72 801665 4/18/2025 DOCU-TRUST 0055446 Apr'25 Doc Strge/Rtrevl Svcs 1,032.49 801666 4/18/2025 ETECH-360 INC MF-INV#128 25100486 Mar25 IT Temp Support Services 12,035.00 801667 4/18/2025 FAIR HOUSING COUNCIL 13931 25100342 CDBG 24/25 program reimb req #9 2,089.49 801668 4/18/2025 GARY F. HOYT LANDSCAPE ARCHITECTURE, INC. CP-2689 25100582 Oct-Dec24 Landscape Inspection Svcs Holland RD 1,904.00 CP-2693 25100361 Jan25 Landscape Review-PM37624 McCall Square 680.00 2,584.00
801669 4/18/2025 GENERAC POWER SYSTEMS, INC. 96416256 25100695 CS Towable Generator 25,433.62

Item Title: 10.2
Warrant Register
Item Page Number: 4

Menifee Mayor and City Council
May 21, 2025
Page
20 of 540

Voucher Date Vendor Invoice Number PO # Description Amount 801670 4/18/2025 GOLDSTAR ASPHALT PRODUCTS 31664 PW Materials and Supplies 139.68 31684 PW Material and Supply 238.54
378.22
801671 4/18/2025 HILLCREST CONTRACTING, INC. PB32144 25100497 CIP 22-24 Civic Center Parking Lot Project 414,945.75 801672 4/18/2025 HOSPICE OF THE VALLEYS 13934 25100328 CDBG Sr. Assistance Program Req #3 1,365.24 801673 4/18/2025 INTERGRATED PEST CONTROL MGMT, INC. 93230 25100114 Mar'25 City Hall Pest Control Services 110.00 93231 25100114 Mar'25 IT Office Pest Control Services 90.00 93304 25100114 Mar'25 LC Bldg A Pest Control Services 90.00 93305 25100114 Mar'25 LC Bldg B Pest Control Services 90.00 93306 25100114 Mar'25 PW MOC Pest Control Services 90.00 93307 25100114 Mar'25 PD HQ Pest Control Services 108.00 93308 25100114 Mar'25 AMR Park Pest Control Services 160.00 93309 25100114 Mar'25 PD Stations Pest Control Services 90.00 93329 25100533 Mar'25 Fire Station 5 Pest Control Services 90.00 93330 25100114 Mar'25 Fire Station 68 Pest Control Services 110.00 93331 25100114 Mar'25 Fire Station 7 Pest Control Services 110.00 93332 25100114 Mar'25 Fire Station 76 Pest Control Services 110.00 93585 25100501 Mar'25 Remington Park Rodent Control Services 48.00 93698 CS Spirit Park Weekly Rodent Pest Control 300.00
93699 CS Spirit Park Weekly Rodent Pest Control 300.00
1,896.00
801674 4/18/2025 J. SMITH & T. MULI, INC. 10390425 24100176 Jan'25-Apr'25 WQMP & Hydrology Rev Nautical Cove 1,085.00 801675 4/18/2025 LSA ASSOCIATES INC 198546 25100048 Feb'25 CEQA Svcs Caliber Collision 1,667.50 801676 4/18/2025 J YEON INC 14191 Spring Festival Employee Appreciation 1,004.85 801677 4/18/2025 MENIFEE VALLEY BOYS/GIRLS CLUB 13984 25100568 FY24/25 CDBG Remib Boy/Girls Club Req #4 1,007.70 801678 4/18/2025 PAPASMASH 000006 Spring Festival Employee Appreciation Event 915.62 801679 4/18/2025 PARKHOUSE TIRE, INC 2010943625 Tire Disposal 262.50 801680 4/18/2025 PARTS AUTHORITY, LLC 074-409375 PD Vehicle Maint 178.72 295-230878 PW Vehicle Maint 258.77
062-236051 PD Vehicle Maintenance 24.01
062-236135 PD Vehicle Maintenance 288.94
292-529698 PD Vehicle Maintenance 178.72
295-231002 PD Vehicle Maintenance 111.40
295-231005 PD Vehicle Maintenance 533.20
229336 Clinic In Person Training for 3 293.59
1,867.35

Item Title: 10.2
Warrant Register
Item Page Number: 5

Menifee Mayor and City Council
May 21, 2025
Page
21 of 540

Voucher Date Vendor Invoice Number PO # Description Amount 801681 4/18/2025 PHOENIX SUPPLY,LLC 37291 25100602 CSI Supplies 2,946.00 801682 4/18/2025 R.J. NOBLE COMPANY 258392 PW Street Maintenance 550.45 801683 4/18/2025 RASOI INDIAN FOOD 0001 Spring Event Employee Appreciation 978.75 801684 4/18/2025 RBF/MICHAEL BAKER CORPORATION 1244962 25100049 Mar'25 CEQA Svcs-Fitwell Health 1,208.75 801685 4/18/2025 RHYTHM TECH PRODUCTIONS, LLC 1606 25100668 CS Multicultural Event - Sound and Stage 6,500.00 801686 4/18/2025 RINCON CONSULTANTS, INC 63932 25100051 Feb'25 CEQA Svcs Trumble & Watson 8,132.00 801687 4/18/2025 RIVERSIDE CONSTRUCTION CO. INC 24 24100251 Jan'25 Construction Svcs Holland Rd 71,084.60 25-R 24100251 Feb'25 Construction Svc Holland Rd Overcrossing 695,681.36 766,765.96
801688 4/18/2025 RUTAN & TUCKER, LLP 1020783 Dec-Jan25 City Legal SVCS PW- Reimb 4,530.00 1020789 Dec-Jan25 City Legal Svcs PW/CIP Reimb 4,837.20 9,367.20
801689 4/18/2025 SATCOM DIRECT GOVERNMENT, INC 7495959 Mar25 Iridum Monthly Svcs (Emerg PH B) 53.25 7495960 Mar25 Iridum Monthly Svcs (Emerg PH B) 53.25
106.50
801690 4/18/2025 SIEPKER ELECTRIC INC 101 25100705 CS Sports Lighting Vandalism Repair, Centennial 7,062.42 801691 4/18/2025 SIGNARAMA-TEMECULA INV-28942 HR Name Plates 204.75 801692 4/18/2025 SOUTHERN CALIFORNIA NEWS GROUP 0011723618 Notice of Public Bid On-Call Asphalt Services 401.68 801693 4/18/2025 SSD ALARM S-01145227 25100233 Alarm Maintenance Battery Replacement FS #5 391.86 S-01145232 25100233 Alarm Maintenance Battery Replacement FS #7 54.21 R-00584510 25100233 May25 Burglar/Fire Alarm Svcs, Maint. & Monitoring 2,828.56 3,274.63
801694 4/18/2025 STANDARD INSURANCE COMPANY Apr 2025 Apr'25 Premium Statement 37,543.56 801695 4/18/2025 THE COUNSELING TEAM, INTERNATIONAL INV104090 25100072 PD Behavioral Health Svcs 1,700.00 801696 4/18/2025 TIME WARNER CABLE 188856001041425 May'25 City Hall Satellite Svcs 124.35 801697 4/18/2025 TRANSUNION RISK AND ALT. 6434932-202503-1 25100146 PD Social Media Reporting 355.15 801698 4/18/2025 VISION SERVICE PLAN 822502420 Apr'25 Vision Insurance Premiums 4,437.15 822502412 Apr'25 Cobra Vision Insurance Premiums 2.40
4,439.55

Item Title: 10.2
Warrant Register
Item Page Number: 6

Menifee Mayor and City Council
May 21, 2025
Page
22 of 540

Voucher Date Vendor Invoice Number PO # Description Amount 801699 4/18/2025 VULCAN MATERIALS COMPANY 3093570 PW Street Maint Materials 252.97 3042592 PW Street Maint Materials 614.29
867.26
801700 4/18/2025 WEX BANK 104038670 Mar'25 City Vehicle Fuel & Maint 43,486.97 72448 4/18/2025 AIR & HOSE SOURCE, INC 604923 PW Small Tools Field Equip 20.47 72449 4/18/2025 AMERICAN PLANNING ASSOCIATION 114850-202504 APA Membership-O. Hernandez 319.00 72450 4/18/2025 APPLEONE EMPLOYMENT SERVICES 01-7071606 WE 03/29/25 Temp Emp Svcs 1,261.60 72451 4/18/2025 AUTOZONE INC. 06163768464 PD Vehicle Maint 323.20 06163774537 PW Vehicle Maintenance 200.00
06163780649 PD Vehicle Maintenance 200.00
723.20
72452 4/18/2025 BARNES, LAURA 25-370-A T&T Adv Laura B. DOJ Advanced Training Center 324.00 72453 4/18/2025 BOONE RECYCLED MATERIALS, INC. 20891 PW Materials and Supplies 220.00 72454 4/18/2025 BORUNDA, BRIANNA 25-255-C T&T Clm Brianna B. CAPIO 2025 Annual Conference 226.76 72455 4/18/2025 BROWN, DARRYL 25-359-A T&T Adv Darryl B. 14th Annual Gang Conference 243.00 72456 4/18/2025 CAL TRUE VALUE 006527/1 CS Parks Supplies 16.63 006528/1 CS Parks Supplies 66.53
006530/1 CS Parks Supplies 37.66
006532/1 CS Parks Supplies 12.23
006462/1 CS Parks Supplies 25.41
006500/1 CS Parks Supplies 52.13
006501/1 CS Lazy Creek Parks Supplies 17.88
006504/1 PW Insp Marking Paint 130.02
006546/1 CS Paloma Wash Supplies 87.09
006553/1 CS Mayfield Facilities Maint 28.83
006554/1 CS La Ladera Facilities Maint 27.60
006541/1 CS Parks Supplies 35.51
006542/1 CS Parks Supplies 52.90
006548/1 CS Parks Supplies 51.61
006555/1 CS Parks Supplies 6.84
006561/1 CS Parks Supplies 38.43
687.30
72457 4/18/2025 CALIFORNIA BUILDING STANDARDS 14039 Green Fees Quarter Ending Sept'24 8,919.90 72458 4/18/2025 CALTRANS SL250684 Oct-Dec24 City Signal Svcs 7,214.78

Item Title: 10.2
Warrant Register
Item Page Number: 7

Menifee Mayor and City Council
May 21, 2025
Page
23 of 540

Voucher Date Vendor Invoice Number PO # Description Amount 72459 4/18/2025 CHRONIC TACOS 32525 Spring Festival Employee Appreciation Event 761.25 72460 4/18/2025 CINTAS CORPORATION NO. 2 9314853389 25100275 AED Device Svcs City Hall 215.33 9314855270 25100275 AED Device Services Senior Center 322.99 538.32
72461 4/18/2025 DEPARTMENT OF CONSERVATION 14040 SMIP Fees Quarter Ending Sept'24 51,581.20 72462 4/18/2025 DIEDERICH, BENJAMIN 25-381-A T&T Adv Benjamin D. 2025 SCAG Regional Conference 191.80 72463 4/18/2025 EASTERN MUNICIPAL WATER DIST. 7130955 Electrical Connection Reimb Paradise Meadows Tank 347.79 72464 4/18/2025 EFAX CORPORATE 5279583 Feb'25 PD Fax Line Reports 159.50 72465 4/18/2025 ETIENNE, ANN-MARIE 14185 PD Petty Cash Replenishment 2/4/25 - 4/15/25 439.92 72466 4/18/2025 FEDEX 8-820-07393 Mar'25 Express Delivery Svcs 14.97 8-827-01852 Apr'25 Express Delivery Svcs 23.57

38.54 72467 4/18/2025 FRONTIER CALIFORNIA INC. 9511970485 3/28/25 Apr'25 PD FIOS Svcs 990.00 9516793592 4/4/25 Apr'25 City Hall Alarm Svc 256.46
9516798153 4/4/25 Apr'25 Lazy Creek Alarm Svc 162.96
9511970673 4/1/25 Apr'25 Menifee PD EVPL (Live Scan) 227.48 3101500013 4/6/25 Apr'25 City Hall IP Circuit (Main) 455.29 3231609666 4/7/25 Apr'25 PD FIOS Svc 599.02
9511970298 4/4/25 Apr'25 City Hall Dedicated Fiber (EIA) 990.00 9511970579 4/4/25 Apr'25 PD HQ Dedicated Fiber (EIA) 990.00 9516792323 4/6/25 Apr'25 PW Yard FIOS Svc 864.91
5,536.12
72468 4/18/2025 GETAC INC IV6025200990 25100729 PD Getec Laptop Repair 479.95 IV6025200991 25100729 PD Getac Laptop Repair 879.95
IV6025200992 25100729 PD Getac Laptop Repair 879.95
IV6025200993 25100729 PD Getac Laptop Repair 879.95
IV6025200994 25100729 PD Getac Laptop Repairs 879.95
IV6025300267 25100729 PD Getac Laptop Repair 479.95
4,479.70
72469 4/18/2025 GOLDEN STATE RI35578 25100720 PD Radios Airtime 2,940.00 72470 4/18/2025 HOME DEPOT CREDIT SERVICES 9523418 PW Streets Materials/Supplies 55.26 72471 4/18/2025 IGOE ADMINISTRATIVE SERVICES 353590 Apr'25 Cobra Spending Acct Mnthly Fee 45.22

Item Title: 10.2
Warrant Register
Item Page Number: 8

Menifee Mayor and City Council
May 21, 2025
Page
24 of 540

Voucher Date Vendor Invoice Number PO # Description Amount 72472 4/18/2025 IMPERIAL SPRINKLER SUPPLY 0019958402-001 CS Irrigation Supplies 59.93 0019968804-001 CS Irrigation Supplies 189.31
0019982138-001 CS Irrigation Supplies 44.39
0019994746-001 CS Irrigation Supplies 170.11
0020023700-001 CS ROW Backflows Supplies 140.04
0020026947-001 CS ROW Backflow Supplies 25.10
0020028970-001 CS Irrigation Supplies 62.77
0020090954-001 CS Row Irrigation Supplies 972.96
0020103285-001 CS Parks Irrigation Supplies 116.68
0020112194-001 CS Parks Irrigation Supplies 145.81
0020114062-001 CS Parks Irrigation Supplies 65.91
0020114146-002 CS Parks Irrigation Supplies 136.11
0020130411-001 CS Irrigation Supplies 29.54
0020138172-001 CS Irrigation Supplies 19.59
0020138310-001 CS Irrigation Supplies 147.03
0020138796-001 CS Irrigation Supplies 179.69
0020147036-001 CS Irrigation Supplies 138.66
0020150423-001 CS Irrigation Supplies 147.27
0020160929-001 CS Irrigation Supplies 106.81
0020163653-001 CS Irrigation Supplies 102.07
2,999.78
72473 4/18/2025 KARRER, CHRISTOPHER 13897 Mileage Reimbursement 85.40 72474 4/18/2025 KRAK BOBA MENIFEE 114 Spring Event Employee Appreciation Event 523.75 72475 4/18/2025 LANGUAGE LINE SERVICES, INC 11564235 25100179 Mar'25 Comprehensive Interpretation 7.52 72476 4/18/2025 LAWTON, SHEILA 25-174-A T&T Adv Sheila L. Executive Assistant Training 263.00 72477 4/18/2025 LOWES 977708 -OSRSEO Fire Station 76 Furniture/Equip 18.57 975744 -OSRSEH City Hall Materials/Supplies 39.88
982191 -OSWMOX CS Small Tools/Field Equip 153.94
984286 -OTBHKK Fire Station 76 Facilities Maint 82.61
988713 -OTFZEN CS KC Materials/Supplies 89.94
993932 -OTKEEK Fire Station 76 Facilities Maint 56.80
441.74
72478 4/18/2025 LYNN PEAVEY COMPANY 417068 CSI & Evidence Supplies 92.44 72479 4/18/2025 MAIN STREET SIGNS 47223 PW Materials / Supplies 565.28 72480 4/18/2025 MCDE'S ROCK PUMPS, INC 102225 CS Pump Track Facilities Maint 935.00 72481 4/18/2025 MELODY THAI CUISINE 100 Spring Festival Employee Appreciation 717.75

Item Title: 10.2
Warrant Register
Item Page Number: 9

Menifee Mayor and City Council
May 21, 2025
Page
25 of 540

Voucher Date Vendor Invoice Number PO # Description Amount 72482 4/18/2025 MT SAN JACINTO COMMUNITY, COLLEGE 2025/1703 CS Multicultural Festival Parking Lot Rental 950.00 72483 4/18/2025 O'REILLY AUTO PARTS 4746-236238 PD Vehicle Maintenance 17.22 72484 4/18/2025 OCCUPATIONAL HEALTH CENTERS,OF, CALIFORNIA 86376257 Pre-employment Testing Acc 1235152987 1,993.00 72485 4/18/2025 OLD TOWN WISE RIDERS, INC 198452 Outsourced Fleet Repairs 1,291.64 72486 4/18/2025 RIVERSIDE COUNTY AIRPORT LAND USE COMMISSSION 14130 Land Use Application Fee 483.00 72487 4/18/2025 PRUDENTIAL OVERALL SUPPLY 23784782 P/W Uniform Cleaning Svcs 386.97 23784784 Fleet Pro Cleaning Svcs 43.91
23787711 Fleet Pro Cleaning Svc 43.91
474.79
72488 4/18/2025 R&R BUSINESS SOLUTIONS 9310 Printing Svcs-Business Cards 97.11 72489 4/18/2025 REFUND CUSTOMERS 13943 CS KCSC Magnolia Room Deposit Refund 100.00 72490 4/18/2025 REFUND CUSTOMERS 13364 Youth Basketball League Coach Reimbursement 127.00 72491 4/18/2025 REFUND CUSTOMERS 13942 CS KCSC Deposit Refund Less Processing Fee 188.00 72492 4/18/2025 REFUND CUSTOMERS 13348 Youth Basketball League Coach Refund 260.65 72493 4/18/2025 REFUND CUSTOMERS 14174 CS Palm Room Facility Rental Deposit Refund 400.00 72494 4/18/2025 REFUND CUSTOMERS 14173 CS Refund for Credit of Field Rentals 46789/46790 110.00 72495 4/18/2025 RIVERSIDE COUNTY FLOOD CONTROL DI2507974 Salt Creek Channel Addtl' Deposit CIP 13-04 1,000.00 FC020785 NPDES Cost Sharing FY 24-25 35,829.68
36,829.68
72496 4/18/2025 ROGERS, ANDERSON, MALODY 77384 25100534 Auditing Services Mar25 9,145.00 72497 4/18/2025 SAFETY-KLEEN SYSTEMS, INC 96947911 Used Eng Oil Svc 172.00 72498 4/18/2025 SOUTHERN CALIFORNIA EDISON 700158305963 4/1/25 Mar'25 Electrical Svc Various Locations 36,656.09 700849733683 4/8/25 Mar'25 Traffic Signal #7220 Evans/La Piedra 190.87 700033176468 4/8/25 Mar'25 LLMD Irrigation Svc 589.66
700167267551 4/9/25 Mar'25 Comm Shack Daily Rd Electric Svc 49.71 700225822815 4/9/25 Mar'25 LLMD Zone 167 Safety Lights Svc 16.58 700226009741 4/9/25 Mar'25 LLMD Zone 167 Irrigation Svc 15.07 700268849486 4/9/25 Mar'25 CFD 2017-1 Town Center Traffic Signal Svc 108.24 700268863432 4/9/25 Mar'25 CFD 2017-1 Town Center Traffic Signal Svc 72.16 700268894249 4/9/25 Mar'25 CFD 2017-1 Town Center Traffic Signal Svc 97.54

Item Title: 10.2
Warrant Register
Item Page Number: 10

Menifee Mayor and City Council
May 21, 2025
Page
26 of 540

Voucher Date Vendor Invoice Number PO # Description Amount 700268908801 4/9/25 Mar'25 CFD 2017-1 Town Cntr Irrigation Svc 14.63 700647813231 4/9/25 Mar'25 Scott/Murrieta Rd Traffic Signal Svc 136.81 700725107578 4/9/25 Mar'25 Paloma Wash Trail Irrigation Svc 15.07 700816409335 4/9/25 Mar'25 CIP 21-015 Signal Svc 37.15
700816436011 4/9/25 Mar'25 CIP 21-015 Signal Svc 99.01
700271101708 4/10/25 Mar'25 PD HQ Electrical Svc 3,695.16 700303731902 4/10/25 Mar'25 AMR ROW Irrigation Svc 25.28 700308269175 4/10/25 Mar'25 Town Center Irrigation Svc 28.64 700352616969 4/10/25 Mar'25 AMR Sports Park Electric Svc 22.47 700529353801 4/10/25 Mar'25 PD HQ Electrical Svc 1,061.61 700611879276 4/10/25 Mar'25 Antelope Rd TC-1 Signal Svc 127.72 700709848872 4/10/25 Mar'25 CFD 2015-2, Annex 11, Zone 12 Streetlight S 233.93 700738858441 4/10/25 Mar'25 Sunset Park Electrical Svc 70.32 700765714408 4/10/25 Mar'25 CIP-City Project Install Traffic Signal Men 141.90 700901655662 4/14/25 Mar'25 Salt Creek Trail Signalized Crossings 253.02 43,758.64
72499 4/18/2025 SPECIALISTS INC. PAPER REC. & SHREDDING 596589 City Hall Shredding Svcs 115.00 597636 PD Doc Shredding Svcs 115.00
596751 PD Substation Shredding Svcs 75.00
305.00
72500 4/18/2025 STATE OF CALIFORNIA 809981 PD Finger Printing Svcs 245.00 72500 4/18/2025 STATE OF CALIFORNIA 810669 PD Finger Printing Svcs 663.00 908.00
72501 4/18/2025 SUN CITY HARDWARE 6726777 3/31/25 CS & PW Supplies 633.16 72502 4/18/2025 THE EMBLEM AUTHORITY 47895 PD Uniforms 945.00 72503 4/18/2025 THE SHERWIN-WILLIAMS CO 0766-5 CE Paint-Graffiti Clean Up 49.91 1054-5 CS La Ladera Facilities Maint 163.44
213.35
72504 4/18/2025 TUMBLE-N-KIDS, INC 13523 CS Mar'25 Instuctor Pmt 4,642.68 72505 4/18/2025 TUSKER METALS 124198 CS Parks Transportation 574.59 72506 4/18/2025 ULINE, INC 191481019 PW Materials / Supplies 1,130.92 72507 4/18/2025 VERIZON WIRELESS 6109229229 Mar'25 PD Mobile Charges 10,334.74 72508 4/18/2025 VILLA, ARMANDO 25-379-A T&T Adv Armando V. 2025 SCAG Regional Conference 232.80 72509 4/18/2025 WEST TOW 25-142661 PW Vehicle Towing Svcs 150.00

Item Title: 10.2
Warrant Register
Item Page Number: 11

Menifee Mayor and City Council
May 21, 2025
Page
27 of 540

Voucher Date Vendor Invoice Number PO # Description Amount 72509 4/18/2025 WEST TOW 25-142889 PW Vehicle Towing Svcs 223.30 72510 4/18/2025 WESTERN FIRE CO., INC. I016204-1 City Hall Fire Semi-Annual Testing/Maint 570.00 72511 4/18/2025 ZESTY FOOD INC 01 Spring Festival Employee Appreciation Event 522.00 118 Vouchers in this report Total Vouchers 1,810,007.08

Item Title: 10.2
Warrant Register
Item Page Number: 12

Menifee Mayor and City Council
May 21, 2025
Page
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Voucher List
City of Menifee
Voucher Date Vendor Invoice Number PO # Description Amount 801701 4/25/2025 4IMPRINT, INC. 13644841 25100665 CS Dept Promotional Items 3,611.54 801702 4/25/2025 4LEAF, INC. J4153D 25100123 Nov'24 B&S Permit Tech Svcs. 9,598.80 801703 4/25/2025 ALBERT A. WEBB ASSOCIATES ARIV0007712 24100320 Landscape Rvw-Sherman/Mapes Warehouse 1,326.50 801704 4/25/2025 AMAZON CAPITAL SERVICES, INC. 1MM4-3LCV-JMF1 CS Parks Leveling Rakes 318.48 1XQX-JHX6-KTQ4 PW Fleet Materials/Supplies 299.72
1D9W-1XNK-QW3D CS Facilities Outdoor String Lights 173.10 1KC9-CN31-1D1D Sweet Team Emp Apprec/Recog (15.21)
1KLM-VXWV-9YVJ CS Teen Hangout Supplies (33.06)
1WR6-XDTV-1MNY CS Teen Hangout Supplies (33.06)
1Y46-J7CP-1HTJ CS Teen Hangout Supplies (33.06)
1GLT-PVH4-WNCP CS Facilities Fuses 26.64
1Q6H-JXLW-6TCC CS Office Supplies 29.16
173K-RCQR-YYL9 Fire Facilities Maint 119.60
1G1P-7H4X-9KPV IT/PW Standing Desk 337.11
1Q3G-QQ1V-CTQ4 CS Parks Faucet Push Button Assembly 173.85 1G1P-7H4X-QVPJ Finance Office Supplies 34.51
1W61-3NLF-M4JK CS Sports Camp Supplies 855.81
199C-KYHH-JDD4 CS Lazy Creek Youth Leaders Supplies 86.98 1PCG-DKGV-V4PN PD Janitorial Wet Floor Sign 32.08
1Y1D-4DCL-CKK9 CS Facilities Keys & Tags 14.45
2,387.10
801705 4/25/2025 AMBER MANAGEMENT, LLC 1-52025 May'25 PD HQ Mnthly Rent 29714 Haun Rd Bldg A, B 32,939.30 2-52025 May'25 City Hall Mnthly Rent 29844 Haun Rd 72,357.59 3-52025 May'25 City Hall Extra Office 29826 Ste 307 Haun 6,541.78 111,838.67
801706 4/25/2025 B&H PHOTO-VIDEO & ELECTRONICS 233213493 Digital Production Supplies and Restock 715.83 233268217 Digital Production Supplies and Restock 154.89 233277701 Digital Production Supplies and Restock 409.90 1,280.62
801707 4/25/2025 BOOT BARN INC. INV00473679 CS Park Ranger Uniform 269.15 INV00473677 Field Staff Boots (Rocky Meyer) 300.00
569.15
801708 4/25/2025 COUNTY OF RIVERSIDE TLMA, ADMINISTRATION TL0000017594 Dec24 SLF County Streetlight Maintenance 13,081.04 TL0000017637 Jan25 SLF County Streetlight Maintenance 13,305.07 26,386.11

Item Title: 10.2
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Item Page Number: 13

Menifee Mayor and City Council
May 21, 2025
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29 of 540

Voucher Date Vendor Invoice Number PO # Description Amount 801709 4/25/2025 CUMMING MANAGEMENT GROUP, INC. 167264 25100415 Mar25 Labor Compliance Svcs Cherry Hills Street 600.00 801710 4/25/2025 ENERGAGE, LLC INVZ00030044 25100743 Employee Surveys and Renewal 16,674.00 801711 4/25/2025 ENTERPRISE FM TRUST FBN5304355 25100058 Apr'25 PD/CODE/CS Vehicle Leases 16,009.28 801712 4/25/2025 GARY F. HOYT LANDSCAPE ARCHITECTURE, INC. CP-2696 25100042 Jan'25 On Call Inspection/Landscape Svcs 3,400.00 CP-2695 24100133 Jan25 On Call Insp. & Landscape Design Svcs 6,732.00 10,132.00
801713 4/25/2025 HUNDEN STRATEGIC PARTNERS, INC. 12807 25100149 Placemaking, Identity, & Tourism Mstr Pln Cnsltng 17,750.00 801714 4/25/2025 J. SMITH & T. MULI, INC. 10770325 25100686 Mar'25 Prelim WQMP and Hydrology-Menifee Boardwalk 2,092.50 10790325 25100712 Hydrology Report Review Denny's Entitlement 2,015.00 10680425 25100369 WQMP/Hydrology Rvw-TM38625 Salt Creek 2,170.00 10700425 25100522 WQMP & Hydrology Rvw Menifee Valley Industrial 3,177.50 9,455.00
801715 4/25/2025 KOBATA ASSOCIATES, INC. 9 2025 25100040 Mar'25 Landscape & Insp Svcs 7,532.00 801716 4/25/2025 MENIFEE VALLEY BOYS/GIRLS CLUB 14340 25100568 FY24/25 CDBG Remib Boy/Girls Club Req #5 487.68 801717 4/25/2025 NV5 INC 440636 24100157 Jul24 Precise Grading Rvw Menifee Commerce Ctr 254.62 801718 4/25/2025 ONYX PAVING COMPANY, INC. 24-105-01 25100618 CIP24-02 Mccall Blvd Sun City BLvd Westbound Turn 112,214.00 801719 4/25/2025 PARSONS TRANSPORTATION GROUP,, INC. 2502A593 25100419 Nov24-Jan Traffic & SS Plans Review Golden Meadows 2,460.00 801720 4/25/2025 PARTS AUTHORITY, LLC 292-529503 PW Vehicle Maint 45.15 277922 PD Vehicle Maintenance 192.55
062-249219 PD Vehicle Maintenance 128.76
295-231135 PD Vehicle Maintenance 18.44
295-231571 PW Vehicle Maintenance 52.60
295-231725 PD Vehicle Maintenance 91.00
062-260924 PW Equip Maintenance 91.64
295-231803 PD Vehicle Maintenance 32.58
065-665732 PW Vehicle Maintenance 91.64
101-272656 PD Vehicle Maintenance 12.98
065-666266 PD Vehicle Maintenance 51.94
062-275003 PW Equip Maint 48.27
857.55
801721 4/25/2025 PROMO SHOP, INC. 417053-1 25100676 CS Department Uniforms 3,446.94 801722 4/25/2025 PURCHASE POWER 0528-2038 Mar'25 Mar'25 Postage Refill 3,006.25

Item Title: 10.2
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Item Page Number: 14

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May 21, 2025
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Voucher Date Vendor Invoice Number PO # Description Amount 801723 4/25/2025 RUTAN & TUCKER, LLP 1025817 Feb-Mar'25 City Legal Svcs Trash Franchise 1,000.80 1025819 Feb'Mar'25 City Legal Svcs City Council Gen 2,074.94 1025820 Feb-Mar'25 City Legal Svcs CEO Gen 856.80
1025827 Feb-Mar'25 City Legal Svcs Exec Office SPL 1,278.80 1025828 Feb-Mar'25 City Legal Svcs Litigation 495.02
1025899 Mar'25 City Legal Svcs PIO Gen 523.60
6,229.96
801724 4/25/2025 SATCOM DIRECT GOVERNMENT, INC 7495956 Mar25 Iridum Monthly Svcs (Emerg PH B) 53.25 801725 4/25/2025 SATCOM DIRECT GOVERNMENT, INC 7495957 Mar25 Iridum Monthly Svcs (Emerg PH B) 53.25 7495958 Mar25 Iridum Monthly Svcs (Emerg PH B) 53.25
106.50
801726 4/25/2025 SCI. CONSULTANTS NINYO & MOORE GEOTECH. & ENV. 301337 25100607 Feb'25 Materials Testing Svcs McCall Blvd 1,347.32 801727 4/25/2025 SIGNARAMA INV-29001 PD Signage 156.54
801728 4/25/2025 SOUTHERN CALIFORNIA NEWS GROUP 0011723730 Notice of Ordinance Adoption 248.23 0011723619 Notice of Public Bid On-Call Concert Services 391.08 0011724082 Public Hearing/Adoption Menifee Coastline 664.00 0011722982 Notice of Intent to Annex CFD 243.07
0011725018 Notice of Public Hearing Intent to Form CFD 1,296.36 0011725038 Notice of Public Hearing Intent to Form CFD 1,265.19 0011725044 Notice of Public Hearing Intent to Form CFD 1,332.20 0011726433 Public Hearing/Adoption Salt Creek 679.58
0011726701 Notice of Public Hearing Rockport 699.47
0011727888 Notice of Public Hearing Draft CDBG Action Plan 747.90 7,567.08
801729 4/25/2025 TATE SNYDER KIMSEY, INC 24-007.00-11 24100100 CS Community Center Arch Design 132,000.00 801730 4/25/2025 TITAN RENTAL GROUP, INC 50500 25100682 Titan Tent for Spring Employee Event 3,953.25 801731 4/25/2025 UEBER HAUN I, LLC 154 May' 2025 PD Substation Land Lease 6,263.03 801732 4/25/2025 V&V MANUFACTURING, INC 60902 PD Badges 138.10 801733 4/25/2025 VERDUZCO FAMILY INVESTMENT GROUP, LLC 14485 May' 2025 PD Substation Lease 2,358.29 801734 4/25/2025 VULCAN MATERIALS COMPANY 3112012 P/W Street Maintenance Materials 254.18 3155059 PW Street Maintenance 249.36
3155350 PW Street Maintenance Materials 611.88
1,115.42

Item Title: 10.2
Warrant Register
Item Page Number: 15

Menifee Mayor and City Council
May 21, 2025
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Voucher Date Vendor Invoice Number PO # Description Amount 801735 4/25/2025 YUNEX, LLC 90004018 Streetlight Operation Maint Audie Murphy & Urtica 10,350.00 5610004886 Streetlight Operation & Main Cluster & Abelia Glen 2,230.00 5610004887 Streetlight Operation & Main Palomar & Tupelo/Garb 640.00 13,220.00
801736 4/25/2025 GLOBAL EXPERIENCE SPECIALISTS LLC 14656 25100755 Furniture for ICSC Conference May 2025 2,706.98 72512 4/25/2025 AARDVARK INV2400280 PD Supplies 1,385.49 72513 4/25/2025 APPLEONE EMPLOYMENT SERVICES 01-7063718 PE 03/15/25 Temp Emp Svcs 1,261.60 01-7067290 PE 03/22/25 Temp Emp Svcs 1,261.60
2,523.20
72514 4/25/2025 ARROWHEAD FORENSICS 180105 CSI Supplies 1,205.15 72515 4/25/2025 ARROYO BACKGROUND INVESTIGATIONS 3644 25100152 PD Background Investigation Svcs. 1,650.00 3642 25100152 PD Background Investigation Svcs. 1,650.00 3,300.00
72516 4/25/2025 BOONE RECYCLED MATERIALS, INC. 20894 PW Materials Supplies 133.65 20964 PW Materials and Supplies 263.07
20965 PW Materials and Supplies 135.18
20966 PW Materials and Supplies 110.00
20988 PW Materials and Supplies 134.20
20990 PW Materials and Supplies 141.70
20991 PW Materials and Supplies 110.00
1,027.80
72517 4/25/2025 CAL TRUE VALUE 006534/1 CS Facilities Maint 61.90 006545/1 CS Facilities Maint 21.51
006551/1 CS Facilities Maint 57.69
006552/1 CS Small Tools/Field Equip 19.55
006566/1 CS Small Tools/Field Equip 25.43
006567/1 CS Small Tools/Field Equip 20.53
006568/1 CS Materials/Supplies 17.60
006573/1 CS Facilities Maint 72.38
006583/1 PW Equip Maint 9.79
306.38
72518 4/25/2025 CANON FINANCIAL SERVICES, INC 39807831 25100254 Copier & Printer Svcs & Maint Mar'25-Apr'25 8,936.64 72519 4/25/2025 CAZCOM, INC 41279 PD Radios 600.00
72520 4/25/2025 CINTAS CORPORATION NO. 2 5263114408 First Aid Replenishment Services MOC 36.00 5263114409 First Aid Replenishment Services Cherry Hill 25.57

61.57

Item Title: 10.2
Warrant Register
Item Page Number: 16

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May 21, 2025
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Voucher Date Vendor Invoice Number PO # Description Amount 72521 4/25/2025 CRIME SCENE CLEANERS 20250408 PD Biohazard Clean Up Svcs 450.00 72522 4/25/2025 DIRECTV, LLC 004016741X250416 Apr'25 Firestation #7 Satellite Svc 128.99 72523 4/25/2025 EASTERN MUNICIPAL WATER DIST. 500001174 4/17/25 Apr'25 CSA 145 Water Svc-Pete Peterson 442.93 500072538 4/17/25 Apr'25 LLMD Zone 3 Water Svc 356.11
500072542 4/17/25 Apr'25 LLMD Zone 3 Water Svc 281.60
500075900 4/17/25 Apr'25 Haun Rd Water Svc 332.99
500076871 4/17/25 Apr'25 AMR Sports Park Irrigation 554.76 500077650 4/17/25 Apr'25 AMR ROW Irrigation Svc 252.94
500077905 4/17/25 Apr'25 AMR ROW Water Svc 255.98
500078181 4/17/25 Apr'25 Spirit Park Water Svc 468.03
500082800 4/17/25 Apr'25 Hidden Hills Park Water Svc 1,270.87 500084765 4/17/25 Apr'25 Mayfield Park Irrigation Svc Evans Rd 330.50 500084766 4/17/25 Apr'25 AMR Creek View Irrigation Water Svc 309.21 500085671 4/17/25 Apr'25 AMR Silverstar Irrigation Water Svc 304.65 500086136 4/17/25 Apr'25 AMR ROW Water Svc 535.17
500086142 4/17/25 Apr'25 AMR ROW Water Svc 395.90
500086861 4/17/25 Apr'25 Central Park Irrigation Svc 426.07 500087092 4/17/25 Apr'25 AMR ROW Water Svc 293.84
500087515 4/17/25 Apr'25 AMR ROW Water Svc 358.52
500087646 4/17/25 Apr'25 Centennial Park Irrigation Water Svc 439.36 500525147 4/17/25 Apr'25 AMR ROW Water Svc 561.66
500772967 4/17/25 Apr'25 Banner Village Park Water Svc 500.83 500775198 4/17/25 Apr'25 Talavera Park Water Svc 259.02 500779738 4/17/25 Apr'25 Hidden Hills ROW Water Svc 2,037.09 500586517 4/17/25 Apr'25 CFD 2017-1 Zone 2 493.90
500653377 4/17/25 Apr'25 AMR ROW Water Svc 1,061.35
500779741 4/17/25 Apr'25 Hidden Hills ROW Water Svc 402.89 12,926.17
72524 4/25/2025 EASTERN MUNICIPAL WATER DIST. 500072544 4/17/25 Apr'25 LLMD Zone 3 Water Svc 252.39 500076722 4/17/25 Apr'25 La Piedra/Sherman Irrigation Water Svc 111.35 500077538 4/17/25 Apr'25 AMR ROW Water Svc 147.37
500077903 4/17/25 Apr'25 AMR ROW Water Svc 140.40
500077904 4/17/25 Apr'25 AMR ROW Water Svc 178.42
500079025 4/17/25 Apr'25 Town Center ROW Water Svc 73.33 500079028 4/17/25 Apr'25 Town Center ROW Water Svc 164.57 500079032 4/17/25 Apr'25 Town Center ROW Water Svc 62.68 500079481 4/17/25 Apr'25 AMR Water Svc 242.29
500086143 4/17/25 Apr'25 AMR ROW Water Svc 123.67
500086213 4/17/25 Apr'25 Town Center ROW Water Svc 102.22 500086214 4/17/25 Apr'25 Town Center ROW Water Svc 55.88 500086865 4/17/25 Apr'25 Town Center Water Svc 62.84
500087090 4/17/25 Apr'25 AMR ROW Water Svc 221.56
500087091 4/17/25 Apr'25 AMR ROW Water Svc 185.87

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Item Page Number: 17

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May 21, 2025
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Voucher Date Vendor Invoice Number PO # Description Amount 500087645 4/17/25 Apr'25 Centennial Park Irrigation Water Svc 247.74 500087647 4/17/25 Apr'25 Centennial Park Irrigation Water Svc 111.51 500089384 4/17/25 Apr'25 CFD 2015-2 Annexation 28 Zone 28 225.41 500242567 4/17/25 Apr'25 CFD2015-1 Annexation 20 Zone 21 Water Svc 74.85 500304207 4/17/25 Apr'25 Sunset Park Water Svc 214.92
500529547 4/17/25 Apr'25 Remington Water Svc 100.62
500599997 4/17/25 Apr'25 CFD 2017-1 Zone 1 126.55
500769355 4/17/25 Apr'25 ROW Water Svc 100.70
500778348 4/17/25 Apr'25 CFD 2017-1, Zone 1 Town Center 80.93 500789290 1/22/25 Jan'25 AMR Area Water Svcs 56.59
3,464.66
72525 4/25/2025 EASTERN MUNICIPAL WATER DIST. 500079033 4/17/25 Apr'25 Town Center ROW Water Svc 35.31 500304117 4/17/25 Apr'25 CFD2015-1 Annexation 20 Zone 21 Water Svc 24.66 500789284 4/17/25 Apr'25 Landsview Way Water Svc 48.99
500789290 2/20/25 Jan'25 AMR Area Water Svcs 29.22
500789290 3/19/25 Jan'25 AMR Area Water Svcs 23.86
500789290 4/17/25 Jan'25 AMR Area Water Svcs 39.87
500789290 12/20/24 Jan'25 AMR Area Water Svcs 53.98
255.89
72526 4/25/2025 ENGINEERING RESOURCES OF S. CA, INC. 61248 24100283 Feb'25 Design Svc Paloma Wash Pedestrian Bridge 62,181.00 72527 4/25/2025 FEDEX 8-835-24106 Apr'25 PD Express Delivery Svc 42.32 72528 4/25/2025 FRONTIER CALIFORNIA INC. 9511970820 4/7/25 Apr'25 Lazy Creek DIA Svc 990.00 9511970334 4/7/25 Apr'25 Fire Station 5 DIA Svc 890.00
3231591679 4/10/25 Apr'25 Senior Center FIOS Svc 150.98 2,030.98
72529 4/25/2025 FUN EXPRESS LLC 73680648201 CS Summer Camp Supplies 945.00 72530 4/25/2025 GOSCH FORD OF TEMECULA 3184481 PW Vehicle Maintenance 1,138.68 72531 4/25/2025 GRACIE'S LUNCHBOX 000334 CEO Luncheon 662.50 72532 4/25/2025 GRANITE CONSTRUCTION COMPANY 2861826 Contract Withholding: 2024-0208 Part 1 of 2 57,409.36 2861826-A Contract Withholding: 2024-0208 Part 2 of 2 7,993.63 65,402.99
72533 4/25/2025 HOME DEPOT CREDIT SERVICES 540815 PW Materials/Supplies 45.54 72534 4/25/2025 IMPERIAL SPRINKLER SUPPLY 0020208635-001 CS Landscape Maint 111.02 0020208772-001 CS Landscape Maint 49.41
0020209957-001 CS Facilities Maint 23.53
0020220960-001 CS ROW Irrigation Supplies 17.22

Item Title: 10.2
Warrant Register
Item Page Number: 18

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May 21, 2025
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Voucher Date Vendor Invoice Number PO # Description Amount 0020235024-002 CS ROW Irrigation Supplies 62.58
0020236314-001 CS Parks Irrigation Supplies 290.55
0020239552-001 CS Parks Irrigation Supplies 116.77
0020239664-001 CS Parks Irrigation Supplies 332.54
0020245164-001 CS Parks Irrigation Supplies 196.02
0020260080-001 CS Parks Irrigation Supplies 25.62
0020271524-001 CS Parks Irrigation Supplies 329.44
0020287847-001 CS Parks Irrigation Supplies 36.92
0020290347-001 CS Parks Irrigation Supplies 629.83
0020298836-001 CS Parks Irrigation Supplies 358.50
2,579.95
72535 4/25/2025 JONES, BRYAN 25-380-A T&T Adv Bryan J. 2025 SCAG Regional Conf 232.80 72536 4/25/2025 LIFE-ASSIST, INC. 1400202 Fire Materials/Supplies (170.19) 1580092 Fire Materials/Supplies 1,500.21
1,330.02
72537 4/25/2025 LOWES 975836 -ORUTPO CS Spring Fest Supplies 20.62 987306 -OUARTZ Fire Facilities Maint 51.61
987559 -OUARUE CS Silverstar Small Tools/Field Equip 258.15 991534 -OUFOTL CS Materials/Supplies 29.01
991550 -OUFOTN PD Facilities Materials/Supplies 700.46
995655 -OUJIGO CS Parks Small Tools/Field Equip 222.75
996248 -OUJIGQ Fire Facilities Maint 87.18
1,369.78
72538 4/25/2025 NATIONAL BAND & TAG CO. 311659 PD-Dog Tags 439.14 72539 4/25/2025 OLD TOWN WISE RIDERS, INC 199188 Outsourced Fleet Repairs 1,304.68 72540 4/25/2025 PRUDENTIAL OVERALL SUPPLY 23787710 P/W Uniform Cleaning Svc 386.97 72541 4/25/2025 R&R BUSINESS SOLUTIONS 9311 Printing Svcs-Certificate Holder 1,021.78 72542 4/25/2025 REFUND CUSTOMERS 14313 CS North Annex Facility Rental Deposit Refund 100.00 72543 4/25/2025 REFUND CUSTOMERS 14314 CS Palm Room Facility Rental Deposit Refund 200.00 72544 4/25/2025 REFUND DEVELOPER DEPOSIT 13284 Deposit Refund- West Coast Storage 6,635.67 72545 4/25/2025 REFUND PERMITS/LICENSES 14492 Permit Refund PMT24-00888 375.00 72546 4/25/2025 REFUND PERMITS/LICENSES 14337 B&S Permit Refund (PMT24-00888) 418.32 72547 4/25/2025 SANTA ROSA ACADEMY, INC 1248 25100440 CS Santa Rosa Academy Facility Rental 11,335.00

Item Title: 10.2
Warrant Register
Item Page Number: 19

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May 21, 2025
Page
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Voucher Date Vendor Invoice Number PO # Description Amount 72548 4/25/2025 SHI INTERNATIONAL CORP. B19600702 25100511 IT Equipment Purchase- Laptop 319.05 B19631132 25100706 Bluebeam Revu Subscription 20,592.05 20,911.10
72549 4/25/2025 SIGNS BY TOMORROW INV-40192 Public Hearing Sign 297.25 72550 4/25/2025 SO CAL SHORT LOAD INC 001191 PW Street Maintenance 592.50 72551 4/25/2025 SOUTHERN CALIFORNIA EDISON 700275763768 4/21/25 Apr'25 Derby Hill TC-1 Signal Svc 73.12 700275721130 4/21/25 Apr'25 Derby Hill TC-1 Signal Svc 129.15 700290354992 4/21/25 Apr'25 AMR Street Traffic Signal Svc 102.85 700290425017 4/21/25 Apr'25 AMR Street Traffic Signal Svc 43.67 700753351251 4/21/25 Mar'25 CFD 2015-2 Annex #7, Zone 8 Irrigation Svc 73.06 700937294674 4/21/25 Apr'25 Fire Station 5 Traffic Signal 57.41 479.26
72552 4/25/2025 STAPLES CONTRACT & COMMERICAL 7004732574 Mar'25 Office Supplies 8,745.15 72553 4/25/2025 TEMPLE, DANIEL LEE 25-394 T&T Adv Daniel T. 2025 SCAG Regional Conf 232.80 72554 4/25/2025 THE SHERWIN-WILLIAMS CO 1901-9 CE Paint-Graffiti Clean Up 49.91 1964-7 CS Small Tools/Field Equip 92.66
1995-1 CS Small Tools/Field Equip 81.89
2240-1 CS Small Tools/Field Equip 73.12
297.58
72555 4/25/2025 TOMMY'S EXPRESS CARWASH MARCH 1, 2025 Mar'25 PD Vehicle Maintenance 763.00 72556 4/25/2025 TOYOTA OF HEMET 2153937 IT Vehicle Maint 158.74 72557 4/25/2025 ULINE, INC 191770208 PW Materials & Supplies 1,569.21 72558 4/25/2025 VCA CALIFORNIA OAKS ANIMAL HOSPITAL 5560654681 PD-As Needed Vet Svcs 41.59 72559 4/25/2025 VISCID DESIGN CO. 012955 PD HQ Decals 62.71 72560 4/25/2025 WORLDPAC INC 39913755 PW Materials & Supplies 201.73 40070532 CS Vehicle Maintenance 83.81
285.54
85 Vouchers in this report Total Vouchers 766,280.02

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Warrant Register
Item Page Number: 20

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May 21, 2025
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Date Paid by: Payee Description Amount
4/25/2025 ACH/Checks City Payroll Payroll Period 4/5/2025 - 4/18/2025 1,290,220.67$ 4/25/2025 ACH Mission Square Payroll Period 4/5/2025 - 4/18/2025 91,901.17$ TOTAL PAYROLL: 1,382,121.84$
Date Paid by: Payee Description Amount
4/14/2025 ACH US Bank Quaterly Bank Analysis Charge 1,396.56$ 4/16/2025 ACH CALPERS - Retirement Payroll Period 3/8/2025- 3/21/2025 179,694.76$ 4/16/2025 ACH CALPERS - Retirement Payroll Period 3/8/2025- 3/21/2025 93,932.57$ 4/16/2025 ACH CALPERS - Retirement Replacement Benefit 46.26$ 4/23/2025 Wire Stewart Title of CA Inc. Watson Road Project - Property Purchase 277,575.00$ TOTAL OTHER EFTs: 552,645.15$
TOTAL PAYMENTS: 1,934,766.99$
Payroll Register, Taxes and Other EFTs/Wires
City of Menifee
May 21, 2025
Item Title: 10.2
Warrant Register
Item Page Number: 21

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May 21, 2025
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CITY OF MENIFEE
SUBJECT: Treasurer's Report - March 2025
MEETING DATE: May 21, 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 March 31, 2025.

DISCUSSION
Attached is the signed monthly Treasurer’s Report for Cash and Investments as of March 31, 2025, and 1st Quarter (January 2025 – March 2025) Quarterly Investment Review as summarized below.

This Treasurer’s Report is distinguished from the regular monthly report in that it includes more in-depth disclosure and review of investment activities over the past three months. The City of Menifee’s investment objectives in order of priority, are to provide safety to ensure the preservation of capital in the overall portfolio, provide sufficient liquidity for cash needs and a market rate of return consistent with the investment program. To achieve these objectives, the City invests in high quality fixed income securities consistent with the current investment policy (Investment Policy CC-11) and California Government Code.

Quarterly Review: 1st Quarter (January 2025 – March 2025) Investment Summary With a favorable interest market throughout the period in review, the City’s investment portfolio continued to perform strongly during the 1 st quarter of 2025, yielding additional interest revenue to support municipal services. The City’s investment approach balances its investments between short-term investment portfolio to long-term investments. Beginning with the designation of the CFO as the City Treasurer in the fall of 2023, the City has taken some additional efforts to maximize the city’s investments opportunities in a fiscally prudent, but proactive manner.

Overall Investment Portfolio Composition
During the 1 st quarter of 2025, the City continued to participate in the California Asset Management Program (CAMP) investment pool program. Staff identified an opportunity to further Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 1

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May 21, 2025
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City of Menifee Staff Report
Treasurer's Report - March 2025
May 21, 2025

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diversify the current investment portfolio and thereby maximize investment opportunities by participating in this program. Also, during the 1 st 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 March 31, 2025 CAMP’s rate was 4.47% while LAIF’s rate was 4.313%. The quarter ending March 31, 2025 produced the following results: CAMP accrued $790,807.92 in cash dividends and income.

LAIF accrued $133,885.23 interest. In February 2025, $24,000,000.00 was transferred to the City’s LAIF account. On the longer-term investment component of the portfolio, Chandler accrued $947,435.84 interest during the quarter ending March 31, 2025. As is the case with most of the current fiscal year, the short-term investment yields have been providing higher returns than long- term investments as the Federal Reserve has sustained higher interest rates thus far. However, future changes in interest rates would most immediately impact the short-term rates received.

TABLE 1: QUARTER 1 OVERALL INVESTMENT PORTFOLIO PERFORMANCE Investment
Portfolio
Investment Type/
Investment Category
Beginning
Market Value
01/01/2025
Ending Market
Value
03/31/2025
Investment
Returns
(Cash Dividends/
Interest)
CAMP Pool/ Short-Term 72,153,237.90 66,944,045.82 790,807.92 LAIF Pool/ Short-Term 11,511,787.68 35,645,672.91 133,885.23 Chandler
Asset
Management
City Investments/ Long-
Term 129,720,974.05 132,409,064.71 947,435.84
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 March 31, 2025

2. CA Asset Management Program Statements January 2025
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 2

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City of Menifee Staff Report
Treasurer's Report - March 2025
May 21, 2025

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3. CA Asset Management Program Statements February 2025

4. CA Asset Management Program Statements March 2025

5. LAIF Investment Statements January 2025

6. LAIF Investment Statements February 2025

7. LAIF Investment Statements March 2025

8. U.S. Bank Chandler Investment Statements January 2025

9. U.S. Bank Chandler Investment Statements February 2025

10. U.S. Bank Chandler Investment Statements March 2025 Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 3

Menifee Mayor and City Council
May 21, 2025
Page
40 of 540

Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 4

Menifee Mayor and City Council
May 21, 2025
Page
41 of 540

City of Menifee

ACCOUNT STATEMENT
For the Month Ending
January 31, 2025
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 02/17/2025 for Presidents 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 - March 2025
Item Page Number: 5

Menifee Mayor and City Council
May 21, 2025
Page
42 of 540

For the Month Ending January 31, 2025
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 - March 2025
Item Page Number: 6

Menifee Mayor and City Council
May 21, 2025
Page
43 of 540

For the Month Ending January 31, 2025Account Statement - Transaction Summary City of Menifee - City of Menifee - 4037-001
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
72,153,237.90
278,905.59

0.00 0.00
$72,432,143.49
CAMP Pool
Unsettled Trades 0.00
278,905.59 Cash Dividends and Income
January 31, 2025 December 31, 2024
Asset Summary
CAMP Pool 72,432,143.49 72,153,237.90
$72,432,143.49 $72,153,237.90 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 - March 2025
Item Page Number: 7

Menifee Mayor and City Council
May 21, 2025
Page
44 of 540

For the Month Ending January 31, 2025Account Statement
City of Menifee - City of Menifee - 4037-001
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
72,153,237.90 Opening Balance
01/31/25 02/03/25 Accrual Income Div Reinvestment - Distributions 1.00 278,905.59 72,432,143.49 72,432,143.49
72,432,143.49
72,432,143.49
72,162,234.85
2,307,789.97

0.00 (37,000,763.88)
32,307,789.97
77,125,117.40
278,905.59
72,432,143.49

0.00 0.00
278,905.59
72,153,237.90
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
January July-January

4.55%
Account 4037-001 Page 2PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.

Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 8

Menifee Mayor and City Council
May 21, 2025
Page
45 of 540

City of Menifee

ACCOUNT STATEMENT
For the Month Ending
February 28, 2025
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 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 - March 2025
Item Page Number: 9

Menifee Mayor and City Council
May 21, 2025
Page
46 of 540

For the Month Ending February 28, 2025
Account Statement
Important Disclosures
Important Disclosures
365 and dividing the result by 7. The yields quoted should not be considered a representation of the yield of the fund in the future, since the yield is not fixed.

Average maturity represents the average maturity of all securities and investments of a portfolio, determined by multiplying the par or principal value of each security or investment by its maturity (days or years), summing the products, and dividing the sum by the total principal value of the portfolio. The stated maturity date of mortgage backed or callable securities are used in this statement. However the actual maturity of these securities could vary depending on the level or prepayments on the underlying mortgages or whether a callable security has or is still able to be called.

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

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

YTM at Market The yield to maturity at market is the rate of return, based on the current market value, the annual interest receipts, maturity value and the time period remaining until maturity, stated as a percentage, on an annualized basis.

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

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

Please review the detail pages of this statement carefully. If you think your statement is wrong, missing account information, or if you need more information about a transaction, please contact PFMAM within 60 days of receipt. If you have other concerns or questions regarding your account, or to request an updated copy of PFMAM's current disclosure statement, please contact a member of your client management team at PFMAM Service Operations at the address below.

PFM Asset Management
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
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 10

Menifee Mayor and City Council
May 21, 2025
Page
47 of 540

For the Month Ending February 28, 2025Account Statement - Transaction Summary City of Menifee - City of Menifee - 4037-001
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
72,432,143.49
250,722.62

0.00 0.00
$72,682,866.11
CAMP Pool
Unsettled Trades 0.00
250,722.62 Cash Dividends and Income
February 28, 2025 January 31, 2025
Asset Summary
CAMP Pool 72,682,866.11 72,432,143.49
$72,682,866.11 $72,432,143.49 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 - March 2025
Item Page Number: 11

Menifee Mayor and City Council
May 21, 2025
Page
48 of 540

For the Month Ending February 28, 2025Account Statement City of Menifee - City of Menifee - 4037-001
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
72,432,143.49 Opening Balance
02/28/25 03/03/25 Accrual Income Div Reinvestment - Distributions 1.00 250,722.62 72,682,866.11 72,682,866.11
72,682,866.11
72,682,866.11
72,441,097.87
2,558,512.59

0.00 (37,000,763.88)
32,558,512.59
77,125,117.40
250,722.62
72,682,866.11

0.00 0.00
250,722.62
72,432,143.49
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
February July-February

4.51%
Account 4037-001 Page 2PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.

Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 12

Menifee Mayor and City Council
May 21, 2025
Page
49 of 540

City of Menifee

ACCOUNT STATEMENT
For the Month Ending
March 31, 2025
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 04/18/2025 for Good Friday.

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 - March 2025
Item Page Number: 13

Menifee Mayor and City Council
May 21, 2025
Page
50 of 540

For the Month Ending March 31, 2025
Account Statement
Important Disclosures
Important Disclosures
365 and dividing the result by 7. The yields quoted should not be considered a representation of the yield of the fund in the future, since the yield is not fixed.

Average maturity represents the average maturity of all securities and investments of a portfolio, determined by multiplying the par or principal value of each security or investment by its maturity (days or years), summing the products, and dividing the sum by the total principal value of the portfolio. The stated maturity date of mortgage backed or callable securities are used in this statement. However the actual maturity of these securities could vary depending on the level or prepayments on the underlying mortgages or whether a callable security has or is still able to be called.

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

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

YTM at Market The yield to maturity at market is the rate of return, based on the current market value, the annual interest receipts, maturity value and the time period remaining until maturity, stated as a percentage, on an annualized basis.

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

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

Please review the detail pages of this statement carefully. If you think your statement is wrong, missing account information, or if you need more information about a transaction, please contact PFMAM within 60 days of receipt. If you have other concerns or questions regarding your account, or to request an updated copy of PFMAM's current disclosure statement, please contact a member of your client management team at PFMAM Service Operations at the address below.

PFM Asset Management
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
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 14

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May 21, 2025
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For the Month Ending March 31, 2025Account Statement - Transaction Summary City of Menifee - City of Menifee - 4037-001
Opening Market Value
Purchases
Redemptions
Change in Value
Closing Market Value
72,682,866.11
261,179.71
(6,000,000.00)

0.00 $66,944,045.82
CAMP Pool
Unsettled Trades 0.00
261,179.71 Cash Dividends and Income
March 31, 2025 February 28, 2025
Asset Summary
CAMP Pool 66,944,045.82 72,682,866.11
$66,944,045.82 $72,682,866.11 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 - March 2025
Item Page Number: 15

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May 21, 2025
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For the Month Ending March 31, 2025Account Statement
City of Menifee - City of Menifee - 4037-001
Total Settlement Dollar AmountShare or Trade
Shares OwnedDate Transaction Description of TransactionUnit PriceDate CAMP Pool
72,682,866.11 Opening Balance
03/12/25 03/12/25 Redemption - Outgoing Wires 1.00 (6,000,000.00) 66,682,866.11 03/31/25 04/01/25 Accrual Income Div Reinvestment - Distributions 1.00 261,179.71 66,944,045.82 66,944,045.82
66,944,045.82
66,944,045.82
68,820,323.52
2,819,692.30

0.00 (43,000,763.88)
32,819,692.30
77,125,117.40
261,179.71
66,944,045.82

0.00 (6,000,000.00)
261,179.71
72,682,866.11
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
March July-March

4.47%
Account 4037-001 Page 2PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc.

Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 16

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Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
February 04, 2025
LAIF Home
PMIA Average Monthly
Yields

CITY OF MENIFEE

FINANCE
29714 HAUN ROAD
MENIFEE, CA 92586
Account Number: 98-33-523
January 2025 Statement
Tran Type Definitions
Effective
Date
Transaction
Date
Tran
Type Confirm
Number
Web
Confirm
Number Authorized Caller Amount
1/15/2025 1/14/2025 QRD1767402 N/A SYSTEM 133,885.23
Account Summary
Total Deposit: 133,885.23 Beginning Balance: 11,511,787.68 Total Withdrawal: 0.00 Ending Balance: 11,645,672.91
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 17

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May 21, 2025
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Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
March 04, 2025
LAIF Home
PMIA Average Monthly
Yields

CITY OF MENIFEE

FINANCE
29714 HAUN ROAD
MENIFEE, CA 92586
Account Number: 98-33-523
February 2025 Statement
Tran Type Definitions
Effective
Date
Transaction
Date
Tran
Type Confirm
Number
Web
Confirm
Number Authorized Caller Amount
2/27/2025 2/26/2025 RD 1769024 N/A MARGARITA CORNEJO 24,000,000.00 Account Summary
Total Deposit: 24,000,000.00 Beginning Balance: 11,645,672.91 Total Withdrawal: 0.00 Ending Balance: 35,645,672.91
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 18

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May 21, 2025
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Local Agency Investment Fund
P.O. Box 942809
Sacramento, CA 94209-0001
(916) 653-3001
April 02, 2025
LAIF Home
PMIA Average Monthly
Yields

CITY OF MENIFEE

FINANCE
29714 HAUN ROAD
MENIFEE, CA 92586
Account Number: 98-33-523
March 2025 Statement
Tran Type Definitions
Account Summary
Total Deposit: 0.00 Beginning Balance: 35,645,672.91
Total Withdrawal: 0.00 Ending Balance: 35,645,672.91
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 19

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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 January 1, 2025 to January 31, 2025 000017115 06 SP

CITY OF MENIFEE
000638904641569 S

FINANCE DEPARTMENT
29844 HAUN ROAD
MENIFEE, CA 92586
Item Title: 10.3
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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
36 42
Item Title: 10.3
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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025

MARKET VALUE SUMMARY
Current Period
01/01/25 to 01/31/25
Beginning Market Value $129,720,974.05
Taxable Interest 403,641.22
-7,792.87Paid To/For Beneficiaries
Long Term Gains/Losses
Change in Investment Value
-89,132.00
394,352.42
Ending Market Value $130,422,042.82
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 24

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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025

ASSET SUMMARY
Current Period
Market Value
% of
Total
Estimated
Annual IncomeAssets
Cash & Equivalents
Taxable Bonds
3,181,777.61 2.40 135,430.71
127,240,265.21 97.60 4,426,551.78
Total Market Value $130,422,042.82 100.00 $4,561,982.49 Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 25

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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025

INCOME SUMMARY
Income Received
Current Period
Taxable Interest 403,641.22
Total Current Period Income $403,641.22
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 26

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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025

CASH SUMMARY
Cash
$0.00Beginning Cash 01/01/2025
Taxable Interest
Paid To/For Beneficiaries
Purchases
403,641.22
-7,792.87
-1,500,527.34
3,946,113.64
-2,841,434.65
Sales
Net Money Market Activity
Ending Cash 01/31/2025 $0.00
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 27

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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025

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
3,181,777.610 1.0000 3,181,777.61 3,181,777.61 0.00 2.4 135,430.71 4.26 Total Cash/Money Market $3,181,777.61 $3,181,777.61 $0.00 2.4 $135,430.71 Total Cash & Equivalents $3,181,777.61 $3,181,777.61 $0.00 2.4 $135,430.71 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 91.4890

93.8600

99.5000

99.4700
123,510.15
938,600.00
31,749.57
52,389.60
116,263.48
964,765.62
32,796.60
56,011.29
7,246.67
-26,165.62
-1,047.03
-3,621.69

0.1 0.7

0.0 0.0
2,741.85
29,820.00
1,062.25
1,729.64

2.22 3.18

3.35 3.30
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
31,909.120
F H L M C Multiclass Mtg Partn - 3137BLAC2
C M O Ser K048 Cl A2
06/25/2025 Var
52,668.740
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 28

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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 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
23,790.160 99.2620

98.7450

98.3570

97.7000

97.2580

97.9880

98.0190

96.7220
23,614.59
123,431.25
65,087.70
117,240.00
121,572.50
68,591.60
68,613.30
95,744.76
25,496.36
121,166.99
63,339.25
116,042.97
118,955.08
67,716.80
67,711.33
94,972.06
-1,881.77
2,264.26
1,748.45
1,197.03
2,617.42
874.80

0.0 0.1

0.0 0.1

0.1 0.1

0.1 0.1
793.16
3,743.75
1,816.50
3,030.00
3,316.25
2,389.10
2,401.00
3,154.80

3.36 3.03

2.79 2.58

2.73 3.48

3.50 3.29
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
66,174.950
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
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
70,000.000 901.97
F H L M C Multiclass Mtg Partn - 3137FBU79
C M O Ser K069 Cl A2

3.187 09/25/2027
98,989.640 772.70
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 29

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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 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 96.8150

97.7350

95.6650
29,044.50
1,466,025.00
1,434,975.00
28,566.80
1,436,718.75
1,405,195.31
477.70
29,306.25
29,779.69

0.0 1.1

1.1 990.90
58,500.00
51,330.01

3.41 3.99

3.58 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 96.9360

95.3010

99.7220

98.7340

99.8800

99.7330
121,170.00
4,765,050.00
209,416.20
148,101.00
74,910.00
117,695.31
4,977,500.00
209,202.00
150,753.00
74,100.00
3,474.69
-212,450.00
214.20

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

2.60 0.84

3.89 3.92

4.25 4.26
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 -2,652.00
810.00
Federal Farm Credit Bks - 3133EPSK2

4.250 08/07/2028
75,000.000
Federal Farm Credit Bks - 3133EPN50

4.250 12/15/2028
270,000.000 269,279.10 272,999.70 -3,720.60
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 30

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May 21, 2025
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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 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
700,000.000 100.1130
100.4730
100.6380
101.6980

95.5150
700,791.00
703,311.00
95,606.10
689,017.00
693,700.00
93,915.10
11,774.00
9,611.00

0.5 0.5

0.1 0.5

3.7 3.7

3.7 0.2

0.2 0.5
30,625.00
31,500.00
4,275.00
33,250.00
43,750.00
50,000.00
52,500.00
8,500.00
9,843.75
31,500.00

4.37 4.48

4.47 4.67

0.92 1.05

1.10 4.25

4.36 4.48
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 1,691.00
Federal Farm Credit Bks - 3133ERDH1

4.750 04/30/2029
700,000.000 711,886.00
4,775,750.00
4,777,750.00
4,781,150.00
200,130.00
225,722.25
703,087.00
706,132.00
5,000,000.00
5,000,000.00
5,000,000.00
204,274.00
223,860.00
693,525.00
5,754.00
Federal Home Loan Bks - 3130AMM33

0.875 07/16/2026
5,000,000.000 -224,250.00
-222,250.00
-218,850.00
-4,144.00
1,862.25
Federal Home Loan Bks - 3130AMT28

1.000 06/30/2026
5,000,000.000 95.5550
Federal Home Loan Bks - 3130AMWZ1

1.050 06/30/2026
5,000,000.000 95.6230
Federal Home Loan Bks - 3130ATUS4

4.250 12/10/2027
200,000.000 100.0650
100.3210
100.4410
Federal Home Loan Bks - 3130AWTR1

4.375 09/08/2028
225,000.000
Federal Home Loan Bks - 3130AVBD3

4.500 03/09/2029
700,000.000 9,562.00
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 31

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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 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 - 3130ATS57

4.500 03/10/2028
190,000.000 100.6020
103.8320

97.4090

97.0950

96.8700

96.1090

94.7110

95.7030

98.7860

96.2310
191,143.80
1,609,396.00
68,186.30
196,165.50
1,603,873.05
68,476.95
-5,021.70
5,522.95

0.1 1.2

0.1 0.1

0.1 2.9

0.1 0.1

2.3 0.6
8,550.00
81,375.00
175.00

4.47 5.06

0.26 0.26

0.39 0.78

0.92 1.70

2.02 2.08
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 -290.65
U S Treasury Note - 91282CAT8

0.250 10/31/2025
75,000.000 72,821.25 73,986.33 -1,165.08
-935.92
187.50
U S Treasury Note - 91282CAZ4

0.375 11/30/2025
70,000.000 67,809.00 68,744.92 262.50
U S Treasury Note - 91282CBT7

0.750 03/31/2026
4,000,000.000 3,844,360.00
113,653.20
191,406.00
2,963,580.00
837,209.70
3,998,750.00
118,806.25
184,765.63
3,175,312.50
812,147.27
-154,390.00
-5,153.05
6,640.37
30,000.00
1,050.00
3,250.00
60,000.00
17,400.00
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 -211,732.50
25,062.43
U S Treasury Note - 912828U24

2.000 11/15/2026
870,000.000
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 32

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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 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 96.2110

98.4420

98.1890

98.4210

96.5390

97.3280

95.0120

95.9300

97.8480

95.7030
769,688.00
1,968,840.00
785,512.00
787,368.00
786,792.85
1,586,446.40
1,995,252.00
143,895.00
797,461.20
1,435,545.00
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
1,443,515.63
21,313.00
-171,785.00
19,881.14
19,993.00
20,890.90
26,263.58
-70,794.88
-75.70

0.6 1.5

0.6 0.6

0.6 1.2

1.5 0.1

0.6 1.1
18,000.00
45,000.00
20,000.00
21,000.00
22,412.50
50,937.50
65,625.00
4,687.50

2.34 2.29

2.55 2.67

2.85 3.21

3.29 3.26

3.32 3.40
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 11,127.41
-7,970.63
26,487.50
48,750.00
U S Treasury Note - 91282CEV9

3.250 06/30/2029
1,500,000.000
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 33

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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 ASSET DETAIL (continued)
Security Description
Shares/Face Amt
Percent
of Total
Portfolio
Unrealized
Gain/Loss
Estimated
Annual Income
Estimated
Current YieldPrice Market Value Tax Cost
U S Treasury Note - 91282CHA2

3.500 04/30/2028
815,000.000 97.7070

96.5200

99.2620

98.0160

98.0080

99.0390

99.6020

98.8790

98.6880

99.7980
796,312.05
1,303,020.00
794,096.00
798,830.40
872,271.20
841,831.50
796,816.00
815,751.75
1,282,944.00
818,343.60
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
810,386.72
11,665.17
-3,157.73
13,908.50
11,207.15
13,704.79
16,899.86
13,847.25
13,414.84
-33,458.34
7,956.88

0.6 1.0

0.6 0.6

0.7 0.6

0.6 0.6

1.0 0.6
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
32,800.00

3.58 3.63

3.65 3.70

3.83 3.91

4.02 4.04

4.05 4.01
U S Treasury Note - 91282CLN9

3.500 09/30/2029
1,350,000.000
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 - March 2025
Item Page Number: 34

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May 21, 2025
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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 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 99.2580

99.8790

99.5200

99.7700

99.7500

99.1130

99.1250

99.9880

99.7580

99.6910
1,588,128.00
799,032.00
786,208.00
798,160.00
1,645,875.00
1,982,260.00
1,734,687.50
799,904.00
847,943.00
1,595,056.00
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
1,656,250.00
13,690.50
12,250.75
12,568.93
7,894.37

1.2 0.6

0.6 0.6

1.3 1.5

1.3 0.6

0.7 1.2
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
68,000.00

4.16 4.13

4.14 4.13

4.13 4.16

4.16 4.25

4.26 4.26
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 15,531.25
-7,974.38
-19,687.50
10,591.50
9,792.60
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
U S Treasury Note - 91282CKX8

4.250 06/30/2029
1,600,000.000 -61,194.00
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 35

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May 21, 2025
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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 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 - 91282CFP1

4.250 10/15/2025
850,000.000 99.9770

99.9910
849,804.50
849,923.50
801,816.00
802,248.00
852,125.00
802,248.00
1,502,700.00
852,388.50
804,688.00
1,611,120.00
839,707.03
838,876.95
791,375.00
791,476.57
839,308.59
790,250.00
1,500,527.34
842,828.13
793,125.00
1,614,812.50
10,097.47
11,046.55
10,441.00
10,771.43
12,816.41
11,998.00
2,172.66

0.7 0.7

0.6 0.6

0.7 0.6

1.2 0.7

0.6 1.2
36,125.00
36,125.00
35,000.00
35,000.00
37,187.50
35,000.00
65,625.00
38,250.00
36,000.00
72,000.00

4.25 4.25

4.36 4.36

4.36 4.36

4.37 4.49

4.47 4.47
U S Treasury Note - 91282CJS1

4.250 12/31/2025
850,000.000
U S Treasury Note - 91282CHU8

4.375 08/15/2026
800,000.000 100.2270
100.2810
100.2500
100.2810
100.1800
100.2810
100.5860
100.6950
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 - 91282CMD0

4.375 12/31/2029
1,500,000.000
U S Treasury Note - 91282CKH3

4.500 03/31/2026
850,000.000 9,560.37
U S Treasury Note - 91282CKJ9

4.500 04/15/2027
800,000.000 11,563.00
-3,692.50
U S Treasury Note - 91282CKT7

4.500 05/31/2029
1,600,000.000
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 36

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May 21, 2025
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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 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
850,000.000 100.3910
100.3730
101.1680
100.9180
100.2230
100.7580
853,323.50
802,984.00
842,164.06
794,500.00
11,159.44
8,484.00
9,094.25
8,086.41
5,596.50

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

4.57 4.58

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 1,618,688.00
1,513,770.00
801,784.00
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
800,000.000 806,064.00 799,125.00 6,939.00 0.6 39,000.00 Total US Government Issues $86,862,809.87 $87,938,936.45 -$1,076,126.58 66.6 $2,657,312.96 Corporate Issues
Amazon Com Inc - 023135BX3

1.000 05/12/2026
60,000.000 95.9940 57,596.40 59,740.80 -2,144.40
-813.80

0.0 0.1
600.00 1.04

4.69 American Honda Fin Corp - 02665WED9
Medium Term Note

4.700 01/12/2028
130,000.000 100.1690 130,219.70 131,033.50 6,110.00
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 37

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May 21, 2025
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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 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
600,000.000 100.4730 602,838.00 595,380.00 7,458.00 0.5 29,400.00 4.88 American Honda Finance - 02665WFE6
Medium Term Note

4.900 03/13/2029
850,000.000 100.0620

96.4990

98.9310
850,527.00
24,124.75
98,931.00
843,616.50
25,621.00
96,949.00
6,910.50
-1,496.25
1,982.00

0.7 0.0

0.1 41,650.00
512.50

4.90 2.12

3.28 Apple Inc - 037833DN7

2.050 09/11/2026
25,000.000
Apple Inc - 037833BY5

3.250 02/23/2026
100,000.000 3,250.00
Bank Amer Corp Sr - 06051GJD2
Medium Term Note

1.319 06/19/2026
40,000.000 98.7140
100.3000

99.4650
100.4840

98.5310
39,485.60
30,090.00
895,185.00
703,388.00
665,084.25
40,105.60
30,000.00
-620.00

90.00 0.0

0.0 0.7

0.5 0.5
527.60
1,524.00

1.34 5.06

4.57 4.92

3.61 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
13,374.00
9,072.00
8,340.80
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 - March 2025
Item Page Number: 38

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May 21, 2025
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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 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 98.2250 73,668.75 71,563.50 2,105.25 0.1 2,868.00 3.89 Bank Of America Corp - 06051GHG7
Medium Term Note

3.970 03/05/2029
1,050,000.000 97.3440

96.0560
1,022,112.00
43,225.20
992,729.50
44,991.45
29,382.50
-1,766.25

0.8 0.0
41,685.00
1,035.00

4.08 2.39
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
4,243.120 99.6000
100.0420
101.0430
100.4190
4,226.15
14,934.70
575,945.10
80,335.20
4,242.90
14,955.43
569,913.42
79,988.80
-16.75
-20.73

0.0 0.0

0.4 0.1
136.20
770.31

3.22 5.16

5.13 4.78
Bmw Vehicle Lease - 05593AAC3
A B S Ser 2023 1 Cl A 3

5.160 11/25/2025
14,928.430
Bmw Vehicle Owner Trust - 096919AD7
A B S Ser 2024 A Cl A 3

5.180 02/26/2029
570,000.000 6,031.68
346.40
29,526.00
3,840.00
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
1,300,000.000 100.7420

95.7060
1,309,646.00
23,926.50
1,290,499.00
24,991.70
19,147.00
-1,065.20

1.0 0.0
63,050.00
612.50

4.81 2.56
Charles Schwab Corp - 808513BY0

2.450 03/03/2027
25,000.000
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 39

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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 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 96.0270
100.7640

97.1480
81,622.95
705,348.00
19,429.60
80,783.15
694,694.00
19,535.80
839.80
10,654.00
-106.20

0.1 0.5

0.0 2,720.00
33,600.00
600.00

3.33 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 99.8250

97.3100
69,877.50
34,058.50
69,267.10
36,755.95
610.40 0.1

0.0 2,835.00
1,032.50

4.06 3.03
Duke Energy Carolinas - 26442CAS3

2.950 12/01/2026
35,000.000 -2,697.45
Ford Cr Auto Owner Tr - 34535VAD6
A B S Ser 2024 D Cl A 3

4.840 07/15/2029
775,000.000 100.1770

99.2290
776,371.75
2,248.51
774,975.12
2,265.78
1,396.63
-17.27

0.6 0.0
37,510.00

28.55 4.83

1.27 Gm Fin Cons Auto Rec - 380146AC4
A B S Ser 2022 1 Cl A3

1.260 11/16/2026
2,265.980
Gm Fin Cons Auto Rec Tr - 362554AC1
A B S Ser 2021 4 Cl A 3

0.680 09/16/2026
1,742.240 99.2170 1,728.60 1,742.18 -13.58 0.0

0.6 11.85 0.69

4.85 Home Depot Inc - 437076CW0

4.900 04/15/2029
750,000.000 100.9310 756,982.50 742,725.00 14,257.50 36,750.00 Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 40

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May 21, 2025
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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 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
210,000.000 101.1830

99.2560

99.3700
212,484.30
25,453.41
1,199.76
209,974.48
24,667.50
1,207.11
2,509.82
785.91
-7.35

0.2 0.0

0.0 11,067.00
482.11

10.62 5.21

1.89 0.88
Honda Auto Rec Ownr Tr - 43815BAC4
A B S Ser 2022 1 Cl A 3

1.880 05/15/2026
25,644.200
Honda Auto Rec Ownr Tr 2021 4 - 43815GAC3
A B S Ser 2021 4 Cl A3
01/21/2026 Var
1,207.370
Honda Auto Receivables Owner - 43813YAC6
A B S Ser 2024 3 Cl A3

4.570 03/21/2029
800,000.000 100.1010

96.7820
800,808.00
135,494.80
799,874.32
131,150.60
933.68 0.6

0.1 36,560.00
3,500.00

4.56 2.58
Honeywell International - 438516BL9

2.500 11/01/2026
140,000.000 4,344.20
Hyundai Auto Rec Tr - 44935FAD6
A B S Ser 2021 C Cl A3

0.740 05/15/2026
1,256.700 99.7470

99.3560

99.3910
1,253.52
6,953.73
1,238.69
6,998.53

14.83 -44.80

0.0 0.0

1.2 9.30
155.37

0.74 2.23

4.53 Hyundai Auto Rec Tr - 448977AD0
A B S Ser 2022 A Cl A3
10/15/2026 Var
6,998.800
John Deere Capital Corporation - 24422EXH7
Medium Term Note

4.500 01/16/2029
1,550,000.000 1,540,560.50 1,509,761.00 30,799.50 69,750.00 Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 41

Menifee Mayor and City Council
May 21, 2025
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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 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
1,415.910
17,892.150
2,554.150

99.6620
100.3010

99.2420
1,411.12
17,946.01
2,534.79
1,415.78
17,890.76
2,553.58
-4.66

55.25 -18.79

81.03 0.0

0.0 0.0

0.0 7.36
910.71

59.26 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
19,656.530 100.3940 19,733.98 19,652.95 984.79
John Deere Ownr Tr - 47800AAC4
A B S Ser 2022 B Cl A3
02/16/2027 Var
8,410.490
70,000.000
12,000.000

99.5530

98.1240

99.4160

96.3880

99.3280
8,372.90
68,686.80
8,409.68
67,053.70
-36.78
1,633.10
-518.04

0.0 0.1

0.0 0.9

0.3 314.55
2,647.40
249.96

3.76 3.85

2.09 3.64

3.99 Jpmorgan Chase Co - 46625HRY8
02/01/2028 Var
Jpmorgan Chase Co - 46647PBK1

2.083 04/22/2026
11,929.92 12,447.96
Jpmorgan Chase Co - 46647PAM8

3.509 01/23/2029
1,250,000.000 1,204,850.00
397,312.00
1,169,226.50
388,284.00
35,623.50
9,028.00
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 - March 2025
Item Page Number: 42

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May 21, 2025
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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 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 99.7990 34,929.65 36,067.15 -1,137.50 0.0 700.00 2.00 Mercedes Benz Auto - 58770AAC7
A B S Ser 2023 1 Cl A3

4.510 11/15/2027
26,438.890 99.9790

98.9320

99.0970
26,433.34
128,611.60
123,871.25
26,435.72
130,394.70
120,882.50
-2.38
-1,783.10
2,988.75

0.0 0.1

0.1 1,192.39
5,265.00
3,906.25

4.51 4.09

3.15 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
750,000.000 100.3020
100.5770
752,265.00
804,616.00
744,262.05
794,520.00
8,002.95 0.6

0.6 37,875.00
41,312.00

5.03 5.13
Morgan Stanley - 61747YFD2
Medium Term Note

5.164 04/20/2029
800,000.000 10,096.00
Morgan Stanley Fr - 6174468Q5
Medium Term Note

2.188 04/28/2026
35,000.000 99.3830

95.7760
34,784.05 33,013.20 1,770.85 0.0

1.2 765.80 2.20

3.86 National Rural Util Coop - 637432NS0

3.700 03/15/2029
1,600,000.000 1,532,416.00 1,507,712.00 24,704.00 59,200.00 National Rural Utils Coop Fin - 63743HFE7
Medium Term Note

3.450 06/15/2025
10,000.000 99.5640 9,956.40 9,997.30 -40.90 0.0 345.00 3.46 Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 43

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May 21, 2025
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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 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 99.8620

98.8530
69,903.40
14,827.95
69,950.30
14,975.70
-46.90 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 -147.75
Paccar Financial Corp - 69371RS31
Medium Term Note

4.600 01/10/2028
100,000.000 100.3670 100,367.00 99,515.00 852.00 0.1 4,600.00 4.58 Paccar Financial Corp - 69371RS80
Medium Term Note

4.600 01/31/2029
1,500,000.000 99.8260

99.6210

99.9430
100.4970
1,497,390.00
129,507.30
134,923.05
1,607,952.00
1,468,515.00
124,989.80
134,947.35
1,577,232.00
28,875.00
4,517.50
-24.30

1.1 0.1

0.1 1.2
69,000.00
3,575.00
6,423.30
78,000.00

4.61 2.76

4.76 4.85
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 30,720.00
Public Service Electric - 74456QBR6
Medium Term Note

2.250 09/15/2026
850,000.000 96.5620

96.4740
820,777.00
771,792.00
807,126.00
752,432.00
13,651.00
19,360.00

0.6 0.6
19,125.00
29,200.00

2.33 3.78
Public Service Electric - 74456QBX3
Medium Term Note

3.650 09/01/2028
800,000.000
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 44

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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 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 99.8890

98.4040

99.3290

96.7610
100.9030

95.4410
19,977.80
98,404.00
19,714.00
97,097.00
263.80
1,307.00
29,375.50
24,552.00
1,128.75
-877.80

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 4.01

4.78 3.88

4.95 2.04
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 1,440,270.50
774,088.00
126,128.75
19,088.20
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 98.6050

99.4190
39,442.00
9,741.47
39,866.00
9,227.72
-424.00
513.75

0.0 0.0
1,643.20

69.57 4.17

0.71 Toyota Auto Rec Own Tr - 89238JAC9
A B S Ser 2021 D Cl A 3
04/15/2026 Var
9,798.400
Toyota Auto Rec Own Tr - 89231CAD9
A B S Ser 2022 C Cl A 3

3.760 04/15/2027
16,362.190 99.6580

99.7050
16,306.23 16,089.91 216.32 0.0

0.3 615.22 3.77

4.48 Toyota Auto Rec Tr 2024-D 6/15/2029 - 89239TAD4

4.470000
405,000.000 403,805.25 404,977.40 -1,172.15 18,103.50
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 45

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May 21, 2025
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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 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 95.6610
100.2350
101.8490
38,264.40
80,188.00
39,982.40
79,947.20
-1,718.00
240.80

0.0 0.1

1.1 450.00
3,700.00
76,125.00

1.18 4.61

5.15 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 1,476,810.50 1,455,605.50 21,205.00
Truist Finl Corp - 89788MAA0
Medium Term Note

1.200 08/05/2025
30,000.000 98.2910

95.9080

98.1790
101.7890
29,487.30
38,363.20
834,521.50
712,523.00
29,341.20
39,563.60
822,681.00
702,464.00
146.10
-1,200.40
11,840.50
10,059.00

0.0 0.0

0.6 0.5
360.00
460.00

1.22 1.20

4.33 5.16
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 99.3820 1,590,112.00 1,550,764.50 39,347.50 1.2 74,448.00 4.68 Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 46

Menifee Mayor and City Council
May 21, 2025
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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 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 95.0350 9,503.50 9,981.10 -477.60 0.0 105.00 1.10 Total Corporate Issues $30,502,491.34 $30,019,411.07 $483,080.27 23.4 $1,351,520.67 Foreign Issues
Bank Montreal Que - 06368D3S1
Medium Term Note

3.700 06/07/2025
75,000.000 99.7000 74,775.00 73,120.50 1,654.50 0.1 2,775.00 3.71 Bank Of Montreal - 06368FAC3
Medium Term Note

1.250 09/15/2026
40,000.000 94.8310

95.9770
37,932.40 39,951.60 -2,019.20
2,466.00

0.0 0.1
500.00 1.32

3.26 Inter American Devel Bk - 4581X0DC9

3.125 09/18/2028
120,000.000 115,172.40 112,706.40 3,750.00
Inter American Devel Bk - 4581X0DV7
Medium Term Note

0.875 04/20/2026
75,000.000 95.9760 71,982.00 74,656.50 -2,674.50 0.1 656.25 0.91 Inter American Devel Bk - 4581X0EN4
Medium Term Note

4.125 02/15/2029
1,385,000.000 99.0360

96.7540

97.7510
1,371,648.60
1,306,179.00
2,292,260.95
1,381,426.20
1,350,850.50
2,338,879.55
-9,777.60
-44,671.50
-46,618.60

1.1 1.0

1.8 57,131.25
48,937.50
90,868.75

4.16 3.75

3.96 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 - March 2025
Item Page Number: 47

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May 21, 2025
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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 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 97.2050

97.3020
72,903.75 74,670.05 -1,766.30
15,938.00

0.1 1.0
375.00 0.51

3.60 International Bank M T N - 459058KT9

3.500 07/12/2028
1,300,000.000 1,264,926.00 1,248,988.00 45,500.00
International Finance Corp - 45950KDD9
Medium Term Note

4.500 07/13/2028
100,000.000 100.5690

99.7660
100,569.00
19,953.20
99,889.00
19,992.60
680.00
-39.40

0.1 0.0

0.1 1.2

0.1 4,500.00
675.00

4.47 3.38

4.87 4.93

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
80,000.000 100.6920
100.4270
100.4970
80,553.60 79,957.60 596.00 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 1,556,618.50
80,397.60
1,530,273.50
79,890.40
26,345.00
507.20
Toronto Dominion Bank - 89115A2K7
Medium Term Note

5.103 01/09/2026
80,000.000
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 48

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May 21, 2025
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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 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
1,400,000.000 102.0780 1,429,092.00 1,406,219.50 22,872.50 1.1 77,322.00 5.41 Total Foreign Issues $9,874,964.00 $9,911,471.90 -$36,507.90 7.6 $417,718.15 Total Taxable Bonds $127,240,265.21
$130,422,042.82
$127,869,819.42
$131,051,597.03
-$629,554.21
-$629,554.21

97.6 $4,426,551.78
$4,561,982.49Total Assets 100.0
Estimated Current Yield 3.49

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 - March 2025
Item Page Number: 49

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May 21, 2025
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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025

TRANSACTION DETAIL
Date
Posted Activity Description Cash Tax Cost
Beginning Balance 01/01/2025 $0.00 $130,744,880.68
01/02/25
01/06/25
01/09/25
01/10/25
01/13/25
01/13/25
01/13/25
01/13/25
01/13/25
01/14/25
01/15/25
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Cash Disbursement
Asset Income
Interest Earned On
Federated Hermes Govt Obligs Is
Interest From 12/1/24 To 12/31/24
1,312.03
Interest Earned On
Caterpillar Finl Mtn 4.800% 1/06/26

0.024 USD/$1 Pv On 80,000 Par Value Due 1/6/25
1,920.00
2,041.20
2,300.00
22,750.00
1,960.00
3,055.00
1,850.00
2,250.00
-7,792.87
2,977.29
Interest Earned On
Toronto Dominion Mtn 5.103% 1/09/26

0.025515 USD/$1 Pv On 80,000 Par Value Due 1/9/25
Interest Earned On
Paccar Financial Mtn 4.600% 1/10/28

0.023 USD/$1 Pv On 100,000 Par Value Due 1/10/25
Interest Earned On
Intl Bk M T N 3.500% 7/12/28

0.0175 USD/$1 Pv On 1,300,000 Par Value Due 1/12/25
Interest Earned On
Royal Bk Cda Mtn 4.900% 1/12/28

0.0245 USD/$1 Pv On 80,000 Par Value Due 1/12/25
Interest Earned On
American Honda Mtn 4.700% 1/12/28

0.0235 USD/$1 Pv On 130,000 Par Value Due 1/12/25
Interest Earned On
Toyota Mtr Cr M T N 4.625% 1/12/28

0.023125 USD/$1 Pv On 80,000 Par Value Due 1/12/25
Interest Earned On
Ifc M T N 4.500% 7/13/28

0.0225 USD/$1 Pv On 100,000 Par Value Due 1/13/25
Cash Disbursement
Paid To Chandler Asset Mgmt
Payment Of Funds As Requested
Interest Earned On
Ford Cr Auto Owner 4.840% 7/15/29
$0.00384/Pv On 775,000.00 Pv Due 1/15/25
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 50

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May 21, 2025
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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
01/15/25
01/15/25
01/15/25
01/15/25
01/15/25
01/15/25
01/15/25
01/15/25
01/15/25
01/15/25
01/15/25
Asset Income Interest Earned On
Honda Auto Rec Own 1.880% 5/15/26
$0.00157/Pv On

46.94 29,964.53 Pv Due 1/15/25
Sale Paid Down 4,320.33 Par Value Of
Honda Auto Rec Own 1.880% 5/15/26
Trade Date 1/15/25
4,320.33

15.13 -4,155.78
Asset Income
Sale
Interest Earned On
Hyundai Auto Rec 2.220% 10/15/26
$0.00185/Pv On 8,176.29 Pv Due 1/15/25
Paid Down 1,177.49 Par Value Of
Hyundai Auto Rec 2.220% 10/15/26
Trade Date 1/15/25
1,177.49

1.28 -1,177.45
-821.27
-373.38
-485.02
Asset Income
Sale
Interest Earned On
Hyundai Auto Rec Tr 0.740% 5/15/26
$0.00062/Pv On 2,089.90 Pv Due 1/15/25
Paid Down 833.2 Par Value Of
Hyundai Auto Rec Tr 0.740% 5/15/26
Trade Date 1/15/25
833.20

5.66Asset Income
Sale
Interest Earned On
John Deere Owner 2.320% 9/15/26
$0.00193/Pv On 2,927.61 Pv Due 1/15/25
Paid Down 373.46 Par Value Of
John Deere Owner 2.320% 9/15/26
Trade Date 1/15/25
373.46

0.82Asset Income
Sale
Interest Earned On
John Deere Own 0.520% 3/16/26
$0.00043/Pv On 1,900.98 Pv Due 1/15/25
Paid Down 485.07 Par Value Of
John Deere Own 0.520% 3/16/26
Trade Date 1/15/25
485.07

28.54Asset Income Interest Earned On
John Deere Ownr Tr 3.740% 2/16/27
$0.00312/Pv On 9,156.84 Pv Due 1/15/25
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 51

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May 21, 2025
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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
01/15/25
01/15/25
01/15/25
01/15/25
01/15/25
01/15/25
01/15/25
01/15/25
01/15/25
01/15/25
01/15/25
Sale Paid Down 746.35 Par Value Of
John Deere Ownr Tr 3.740% 2/16/27
Trade Date 1/15/25
746.35 -746.28
Asset Income
Sale
Interest Earned On
John Deere Owner 5.090% 6/15/27

80.83 1,163.21

83.50 $0.00424/Pv On 19,055.36 Pv Due 1/15/25
Paid Down 1,163.21 Par Value Of
John Deere Owner 5.090% 6/15/27
Trade Date 1/15/25
-1,163.12
-343.41
Asset Income
Sale
Interest Earned On
John Deere Owner 5.010% 11/15/27
$0.00418/Pv On 20,000.00 Pv Due 1/15/25
Paid Down 343.47 Par Value Of
John Deere Owner 5.010% 11/15/27
Trade Date 1/15/25
343.47
107.19
2,082.65

55.46 Asset Income
Sale
Interest Earned On
Mercedes Benz Auto 4.510% 11/15/27
$0.00376/Pv On 28,521.54 Pv Due 1/15/25
Paid Down 2,082.65 Par Value Of
Mercedes Benz Auto 4.510% 11/15/27
Trade Date 1/15/25
-2,082.40
-1,314.73
-2,689.97
Asset Income
Sale
Interest Earned On
Toyota Auto Rec 3.760% 4/15/27
$0.00313/Pv On 17,699.17 Pv Due 1/15/25
Paid Down 1,336.98 Par Value Of
Toyota Auto Rec 3.760% 4/15/27
Trade Date 1/15/25
1,336.98

7.49Asset Income
Sale
Interest Earned On
Toyota Auto Rec 0.710% 4/15/26
$0.00059/Pv On 12,654.73 Pv Due 1/15/25
Paid Down 2,856.33 Par Value Of
Toyota Auto Rec 0.710% 4/15/26
Trade Date 1/15/25
2,856.33
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 52

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May 21, 2025
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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
01/15/25
01/15/25
01/15/25
01/15/25
01/15/25
01/16/25
01/16/25
01/16/25
01/16/25
01/16/25
01/17/25
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Sale
Interest Earned On
Toyota Auto Rec Tr 4.470% 6/15/29
$0.00367/Pv On 405,000.00 Pv Due 1/15/25
1,485.00
Interest Earned On
Target Corp 1.950% 1/15/27

0.00975 USD/$1 Pv On 20,000 Par Value Due 1/15/25
195.00
16,000.00
19,125.00
18,062.50

1.19 Interest Earned On
U S Treasury Nt 4.000% 1/15/27

0.02 USD/$1 Pv On 800,000 Par Value Due 1/15/25
Interest Earned On
U S Treasury Nt 4.500% 7/15/26

0.0225 USD/$1 Pv On 850,000 Par Value Due 1/15/25
Interest Earned On
Unitedhealth Group 4.250% 1/15/29

0.02125 USD/$1 Pv On 850,000 Par Value Due 1/15/25
Interest Earned On
Gm Fin Cons Auto 0.680% 9/16/26
$0.00057/Pv On 2,098.42 Pv Due 1/16/25
Paid Down 356.18 Par Value Of
Gm Fin Cons Auto 0.680% 9/16/26
Trade Date 1/16/25
356.18 -356.17
-425.61
Asset Income
Sale
Interest Earned On
Gm Fin Cons Auto 1.260% 11/16/26
$0.00105/Pv On

2.83 2,691.63 Pv Due 1/16/25
Paid Down 425.65 Par Value Of
Gm Fin Cons Auto 1.260% 11/16/26
Trade Date 1/16/25
425.65
Asset Income
Asset Income
Interest Earned On
John Deere Mtn 4.500% 1/16/29

0.0225 USD/$1 Pv On 1,550,000 Par Value Due 1/16/25
34,875.00
38,661.00Interest Earned On
Toronto Dominion Mtn 5.523% 7/17/28

0.027615 USD/$1 Pv On 1,400,000 Par Value Due 1/17/25
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 53

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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
01/21/25
01/21/25
01/21/25
01/21/25
01/21/25
01/21/25
01/23/25
01/27/25
01/27/25
01/27/25
01/27/25
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 1/18/25
922.25
Interest Earned On
Honda Auto 4.570% 3/21/29
$0.00381/Pv On 800,000.00 Pv Due 1/21/25
3,046.67

1.15Interest Earned On
Honda Auto Rec 0.880% 1/21/26
$0.00073/Pv On 1,568.73 Pv Due 1/21/25
Paid Down 361.36 Par Value Of
Honda Auto Rec 0.880% 1/21/26
Trade Date 1/21/25
361.36
762.00
1,434.00
21,931.25

90.39 -361.28
Asset Income
Asset Income
Asset Income
Asset Income
Sale
Interest Earned On
Bank America Mtn 5.080% 1/20/27

0.0254 USD/$1 Pv On 30,000 Par Value Due 1/20/25
Interest Earned On
Bank Of America Mtn 3.824% 1/20/28

0.01912 USD/$1 Pv On 75,000 Par Value Due 1/20/25
Interest Earned On
Jpmorgan Chase Co 3.509% 1/23/29

0.017545 USD/$1 Pv On 1,250,000 Par Value Due 1/23/25
Interest Earned On
F H L M C Mltcl Mtg 3.329% 5/25/25
$0.00277/Pv On 32,581.72 Pv Due 1/25/25
Paid Down 672.6 Par Value Of
F H L M C Mltcl Mtg 3.329% 5/25/25
Trade Date 1/25/25
672.60
148.40
1,561.38
-691.31
Asset Income
Sale
Interest Earned On
F H L M C Mltcl Mt 3.284% 6/25/25
$0.00274/Pv On 54,230.12 Pv Due 1/25/25
Paid Down 1,561.38 Par Value Of
F H L M C Mltcl Mt 3.284% 6/25/25
Trade Date 1/25/25
-1,660.47
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 54

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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
01/27/25
01/27/25
01/27/25
01/27/25
01/27/25
01/27/25
01/27/25
01/27/25
01/27/25
01/27/25
01/27/25
Asset Income
Asset Income
Asset Income
Sale
Interest Earned On
F H L M C Mltcl Mtg 2.525% 5/25/26
$0.00210/Pv On 120,000.00 Pv Due 1/25/25
252.50
Interest Earned On
F H L M C Mltcl Mt 2.653% 8/25/26
$0.00221/Pv On 125,000.00 Pv Due 1/25/25
276.35
263.33
160.22
4,277.50
228.49

66.60 Interest Earned On
F H L M C Mltcl Mt 3.187% 9/25/27
$0.00266/Pv On 99,149.86 Pv Due 1/25/25
Paid Down 160.22 Par Value Of
F H L M C Mltcl Mt 3.187% 9/25/27
Trade Date 1/25/25
-153.72
Asset Income
Asset Income
Asset Income
Sale
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 1/25/25
Interest Earned On
F H L M C Mltcl Mtg 2.031% 9/25/28
$0.00169/Pv On 135,000.00 Pv Due 1/25/25
Interest Earned On
F H L M C Mltcl Mt 3.334% 8/25/25
$0.00278/Pv On 23,972.61 Pv Due 1/25/25
Paid Down 182.45 Par Value Of
F H L M C Mltcl Mt 3.334% 8/25/25
Trade Date 1/25/25
182.45
311.98
199.09
200.08
-195.54
Asset Income
Asset Income
Asset Income
Interest Earned On
F H L M C Mltcl Mtg 2.995% 12/25/25
$0.00250/Pv On 125,000.00 Pv Due 1/25/25
Interest Earned On
F H L M C Mltcl Mtg 3.413% 12/25/26
$0.00284/Pv On 70,000.00 Pv Due 1/25/25
Interest Earned On
F H L M C Mltcl Mt 3.430% 1/25/27
$0.00286/Pv On 70,000.00 Pv Due 1/25/25
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 55

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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
01/27/25
01/27/25
01/27/25
01/27/25
01/27/25
01/27/25
01/27/25
01/27/25
01/27/25
01/27/25
01/27/25
Asset Income
Asset Income
Asset Income
Asset Income
Sale
Interest Earned On
F H L M C Mltcl Mt 3.303% 11/25/27
$0.00275/Pv On

82.58 30,000.00 Pv Due 1/25/25
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 1/25/25
4,875.00
2,485.00
156.21
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 1/25/25
Interest Earned On
F H L M C Mltcl Mtg 2.745% 1/25/26
$0.00229/Pv On 68,289.16 Pv Due 1/25/25
Paid Down 2,114.21 Par Value Of
F H L M C Mltcl Mtg 2.745% 1/25/26
Trade Date 1/25/25
2,114.21
121.51
-2,023.61
-13,351.97
-673.15
Asset Income
Sale
Interest Earned On
Bmw Vehicle Lease 5.160% 11/25/25
$0.00430/Pv On 28,256.29 Pv Due 1/25/25
Paid Down 13,327.86 Par Value Of
Bmw Vehicle Lease 5.160% 11/25/25
Trade Date 1/25/25
13,327.86

13.15Asset Income
Sale
Interest Earned On
Bmw Veh Owner Tr 3.210% 8/25/26
$0.00267/Pv On 4,916.31 Pv Due 1/25/25
Paid Down 673.19 Par Value Of
Bmw Veh Owner Tr 3.210% 8/25/26
Trade Date 1/25/25
673.19
Asset Income
Asset Income
Interest Earned On
Bmw Vehicle Owner 5.180% 2/26/29
$0.00432/Pv On 570,000.00 Pv Due 1/25/25
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 1/25/25
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 56

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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
01/27/25
01/27/25
01/28/25
01/29/25
Asset Income
Asset Income
Asset Income
Purchase
Interest Earned On
Charles Schwab Corp 3.200% 1/25/28

0.016 USD/$1 Pv On 85,000 Par Value Due 1/25/25
1,360.00
Interest Earned On
Pnc Financial 4.758% 1/26/27

0.02379 USD/$1 Pv On 135,000 Par Value Due 1/26/25
3,211.65
18,937.50Interest Earned On
Morgan Stanley Mtn 5.050% 1/28/27

0.02525 USD/$1 Pv On 750,000 Par Value Due 1/28/25
Purchased 1,500,000 Par Value Of -1,500,527.34 1,500,527.34 U S Treasury Nt 4.375% 12/31/29
Trade Date 1/28/25
Purchased Through Nomura Securities Internationa
Purchased On The Off-Exchange Transactions - Li
Swift External Ref#: 8502803133148427
1,500,000 Par Value At 100.035156 %
01/29/25
01/29/25
Purchase Accrued Interest
Sale
Paid Accrued Interest On Purchase Of
U S Treasury Nt 4.375% 12/31/29
Income Debit 5,257.25- USD
-5,257.25
Sold 4,000,000 Par Value Of 3,910,560.00 -4,000,000.00
F H L B Deb 0.700% 9/16/25
Trade Date 1/28/25
Sold Through Pnc Bank Na/Pnc Cap Markets
Sold On The Marketaxess Corporation
Swift External Ref#: 8502803133148186
4,000,000 Par Value At 97.764 %
01/29/25
01/29/25
01/31/25
Sell Accrued Interest
Asset Income
Received Accrued Interest On Sale Of
F H L B Deb 0.700% 9/16/25
Income Credit 10,344.44 USD
10,344.44
7,920.00
34,500.00
Interest Earned On
Jpmorgan Chase Co 3.960% 1/29/27

0.0198 USD/$1 Pv On 400,000 Par Value Due 1/29/25
Asset Income Interest Earned On
Paccar Financial Mtn 4.600% 1/31/29

0.023 USD/$1 Pv On 1,500,000 Par Value Due 1/31/25
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 57

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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
01/31/25
01/31/25
01/31/25
01/31/25
01/31/25
01/31/25
01/31/25
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Interest Earned On
U S Treasury Nt 2.625% 1/31/26

0.013125 USD/$1 Pv On 800,000 Par Value Due 1/31/25
10,500.00
Interest Earned On
U S Treasury Nt 2.750% 7/31/27

0.01375 USD/$1 Pv On 815,000 Par Value Due 1/31/25
11,206.25
16,500.00
26,000.00
16,293.75
17,000.00
19,000.00
Interest Earned On
U S Treasury Nt 4.000% 1/31/29

0.02 USD/$1 Pv On 825,000 Par Value Due 1/31/25
Interest Earned On
U S Treasury Nt 4.000% 7/31/29

0.02 USD/$1 Pv On 1,300,000 Par Value Due 1/31/25
Interest Earned On
U S Treasury Nt 4.125% 7/31/28

0.020625 USD/$1 Pv On 790,000 Par Value Due 1/31/25
Interest Earned On
U S Treasury Nt 4.250% 1/31/26

0.02125 USD/$1 Pv On 800,000 Par Value Due 1/31/25
Interest Earned On
U S Treasury Nt 4.750% 7/31/25

0.02375 USD/$1 Pv On 800,000 Par Value Due 1/31/25
Purchase
Sale
Combined Purchases For The Period 1/ 1/25 - 1/31/25 Of
Federated Hermes Govt Obligs Is
-2,849,227.52
7,792.87
2,849,227.52
-7,792.87Combined Sales For The Period 1/ 1/25 - 1/31/25 Of Federated Hermes Govt Obligs Is
Ending Balance 01/31/2025 $0.00 $131,051,597.03
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 58

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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025

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
01/27/25
01/27/25
Paid Down 673.19
Par Value
Trade Date 1/25/25
-673.15 673.19 0.04
Bmw Vehicle Lease
A B S Ser 2023 1 Cl A 3

5.160 11/25/2025
05593AAC3
Paid Down 13,327.86
Par Value
Trade Date 1/25/25
-13,351.97 13,327.86 -24.11
-18.71
-99.09
F H L M C Multiclass Mtg Partn
C M O Ser K047 Cl A2

3.329 05/25/2025
FHL3325A
01/27/25 Paid Down 672.6 Par
Value
Trade Date 1/25/25
-691.31 672.60
F H L M C Multiclass Mtg Partn
C M O Ser K048 Cl A2
06/25/2025
FHL3225
Var
01/27/25 Paid Down 1,561.38
Par Value
-1,660.47 1,561.38
Trade Date 1/25/25
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 59

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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 SALE/MATURITY SUMMARY (continued)
Settlement
Date
Estimated
Gain/LossDescription Tax Cost Proceeds
F H L M C Multiclass Mtg Partn
C M O Ser K050 Cl A2
08/25/2025
FHL3325
Var
01/27/25 Paid Down 182.45
Par Value
-195.54 182.45 -13.09
Trade Date 1/25/25
F H L M C Multiclass Mtg Partn
C M O Ser K054 Cl A2

2.745 01/25/2026
3137BNGT5
01/27/25 Paid Down 2,114.21
Par Value
-2,023.61 2,114.21 90.60
Trade Date 1/25/25
F H L M C Multiclass Mtg Partn
C M O Ser K069 Cl A2

3.187 09/25/2027
FHL3127A
01/27/25 Paid Down 160.22
Par Value
-153.72 160.22 6.50
Trade Date 1/25/25
Federal Home Loan Bks

0.700 09/16/2025
3130AMQ54
01/29/25 Sold 4,000,000 Par
Value
-4,000,000.00 3,910,560.00 -89,440.00
Trade Date 1/28/25
Sold Through Pnc Bank Na/Pnc Cap Markets
Sold On The Marketaxess Corporation
Swift External Ref#: 8502803133148186
4,000,000 Par Value At 97.764 %
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 60

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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 SALE/MATURITY SUMMARY (continued)
Settlement Estimated
Date Description Tax Cost Proceeds Gain/Loss
Gm Fin Cons Auto Rec
A B S Ser 2022 1 Cl A3

1.260 11/16/2026
GFC1226
01/16/25 Paid Down 425.65
Par Value
-425.61 425.65 0.04
Trade Date 1/16/25
Gm Fin Cons Auto Rec Tr
A B S Ser 2021 4 Cl A 3

0.680 09/16/2026
GFC0626
01/16/25
01/15/25
Paid Down 356.18
Par Value
Trade Date 1/16/25
-356.17
-4,155.78
-361.28
356.18
4,320.33
361.36

0.01 164.55

0.08 Honda Auto Rec Ownr Tr
A B S Ser 2022 1 Cl A 3

1.880 05/15/2026
HAR1826
Paid Down 4,320.33
Par Value
Trade Date 1/15/25
Honda Auto Rec Ownr Tr 2021 4
A B S Ser 2021 4 Cl A3
01/21/2026
HAR0826
Var
01/21/25 Paid Down 361.36
Par Value
Trade Date 1/21/25
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 61

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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 SALE/MATURITY SUMMARY (continued)
Settlement Estimated
Date Description Tax Cost Proceeds Gain/Loss
Hyundai Auto Rec Tr
A B S Ser 2021 C Cl A3

0.740 05/15/2026
HAR0726
01/15/25 Paid Down 833.2 Par
Value
-821.27 833.20 11.93
Trade Date 1/15/25
Hyundai Auto Rec Tr
A B S Ser 2022 A Cl A3
10/15/2026
HAR2226
Var
01/15/25
01/15/25
01/15/25
Paid Down 1,177.49
Par Value
Trade Date 1/15/25
-1,177.45 1,177.49 0.04

0.05 0.09
John Deere Own
A B S Ser 2021 B Cl A 3
03/16/2026
JDO0926
Var
Paid Down 485.07
Par Value
Trade Date 1/15/25
-485.02 485.07
John Deere Owner
A B S Ser 2022 C Cl A 3

5.090 06/15/2027
JDO5027
Paid Down 1,163.21
Par Value
-1,163.12 1,163.21
Trade Date 1/15/25
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 62

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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 SALE/MATURITY SUMMARY (continued)
Settlement Estimated
Date Description Tax Cost Proceeds Gain/Loss
John Deere Owner Tr
A B S Ser 2022 Cl A 3
09/15/2026
JDO2326
Var
01/15/25 Paid Down 373.46
Par Value
-373.38 373.46 0.08
Trade Date 1/15/25
John Deere Owner Trust
A B S Ser 2023 A Cl A3

5.010 11/15/2027
47800CAC0
01/15/25
01/15/25
01/15/25
Paid Down 343.47
Par Value
Trade Date 1/15/25
-343.41
-746.28
343.47
746.35

0.06 0.07

0.25 John Deere Ownr Tr
A B S Ser 2022 B Cl A3
02/16/2027
JDO6827
Var
Paid Down 746.35
Par Value
Trade Date 1/15/25
Mercedes Benz Auto
A B S Ser 2023 1 Cl A3

4.510 11/15/2027
MBA4527
Paid Down 2,082.65
Par Value
-2,082.40 2,082.65
Trade Date 1/15/25
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 63

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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 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
01/15/25 Paid Down 2,856.33
Par Value
-2,689.97 2,856.33 166.36
Trade Date 1/15/25
Toyota Auto Rec Own Tr
A B S Ser 2022 C Cl A 3

3.760 04/15/2027
TAR3727
01/15/25 Paid Down 1,336.98
Par Value
-1,314.73 1,336.98 22.25
Trade Date 1/15/25
Total Taxable Bonds -$4,035,245.64
-$4,035,245.64
$3,946,113.64
$3,946,113.64
-$89,132.00
-$89,132.00Total Sales & Maturities

SALE/MATURITY SUMMARY MESSAGES
Estimated Year-To-Date Long-Term Gain (Loss): ($89,132.00) Estimates should not be used for tax purposes
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 64

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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025

BOND SUMMARY
Percentage of
Par Value Market Value Category

MATURITY
2025
2026
2027
2028
2029
2030
9,373,296.45
36,595,301.82
16,827,749.89
16,180,000.00
47,855,000.00

0.00 9,292,451.01
35,414,757.68
16,676,973.47
16,081,426.65
47,401,081.40

0.00 7.31

27.84 13.11

12.63 37.25

0.00 2031 0.00 0.00 0.00
2032 0.00 0.00 0.00
2033 0.00 0.00 0.00
2034 0.00 0.00 0.00
2035 - 2039
2040 - 2044
2045 - 2049
2050 - 2054

0.00 0.00

0.00 0.00

0.00 0.00

0.00 0.00

0.00 1.862,500,000.00 2,373,575.00
Total of Category $129,331,348.16 $127,240,265.21 100.00 Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 65

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ACCOUNT NUMBER: 6736302020 January 1, 2025 to January 31, 2025 BOND SUMMARY (continued)
Percentage of
Par Value Market Value Category

MOODY'S RATING
Aaa
Aa2
Aa3
A1
A2
A3
93,212,694.59
55,000.00
91,507,535.07
52,728.70

71.92 0.04

1.42 12.35

4.52 5.70

0.02 4.03
1,815,000.00
15,897,000.00
5,720,000.00
7,285,000.00
30,000.00
1,813,119.50
15,711,515.87
5,748,830.60
7,249,312.05
29,487.30Baa1
N/A 5,316,653.57 5,127,736.12
Total of Category $129,331,348.16 $127,240,265.21 100.00

S&P RATING
AAA
AA+
AA
AA-
A+
A
A-
N/A
9,768,668.59
24,340,000.00
135,000.00
9,551,747.02
23,456,139.20
129,754.70

7.51 18.43

0.10 0.55

4.00 10.85

8.55 50.01
700,000.00 705,348.00
5,070,000.00
13,902,000.00
10,995,000.00
64,420,679.57
5,086,304.10
13,801,281.97
10,882,305.25
63,627,384.97
Total of Category $129,331,348.16 $127,240,265.21 100.00

BOND SUMMARY MESSAGES
Data contained within this section excluded Mutual Funds, Exchange Traded Funds, and Closed-Ended Funds.

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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
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020632
-UC-032
U.S. Bank
1555 N. Rivercenter Dr.

Suite 300
Milwaukee, WI 53212
000017115 06 SP

CITY OF MENIFEE
000638904641569 S

FINANCE DEPARTMENT
29844 HAUN ROAD
MENIFEE, CA 92586
Item Title: 10.3
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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 February 1, 2025 to February 28, 2025 000017011 06 SP

CITY OF MENIFEE
000638927478970 S

FINANCE DEPARTMENT
29844 HAUN ROAD
MENIFEE, CA 92586
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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
38 46
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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025

MARKET VALUE SUMMARY
Current Period
02/01/25 to 02/28/25
Beginning Market Value $130,422,042.82
Taxable Interest 463,793.62
-7,805.71Paid To/For Beneficiaries
Long Term Gains/Losses
Short Term Gains/Losses
Change in Investment Value
-95,692.43
5,281.25
1,014,769.92
Ending Market Value $131,802,389.47
Item Title: 10.3
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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025

ASSET SUMMARY
Current Period
Market Value
% of
Total
Estimated
Annual IncomeAssets
Cash & Equivalents
Taxable Bonds
375,754.28 0.30 15,876.38
131,426,635.19 99.70 4,637,463.53
Total Market Value $131,802,389.47 100.00 $4,653,339.91 Item Title: 10.3
Treasurer's Report - March 2025
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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025

INCOME SUMMARY
Income Received
Current Period
Taxable Interest 463,793.62
Total Current Period Income $463,793.62
Item Title: 10.3
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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025

CASH SUMMARY
Cash
$0.00Beginning Cash 02/01/2025
Taxable Interest
Paid To/For Beneficiaries
Purchases
463,793.62
-7,805.71
-6,609,931.33
3,347,920.09
2,806,023.33
Sales
Net Money Market Activity
Ending Cash 02/28/2025 $0.00
Item Title: 10.3
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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025

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
375,754.280 1.0000 375,754.28 375,754.28 0.00 0.3 15,876.38 4.22 Total Cash/Money Market $375,754.28 $375,754.28 $0.00 0.3 $15,876.38 Total Cash & Equivalents $375,754.28 $375,754.28 $0.00 0.3 $15,876.38 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 92.5220

95.0800

99.6190

99.5250
124,904.70
950,800.00
31,046.01
48,734.17
116,263.48
964,765.62
32,031.53
52,074.37
8,641.22
-13,965.62
-985.52

0.1 0.7

0.0 0.0
2,741.85
29,820.00
1,037.47
1,608.07

2.19 3.14

3.34 3.30
F H L M C Multiclass Mtg Partn - 3137FMCR1
C M O Ser Ko93 Cl A2

2.982 05/25/2029
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
31,164.750
F H L M C Multiclass Mtg Partn - 3137BLAC2
C M O Ser K048 Cl A2
06/25/2025 Var
48,966.760 -3,340.20
Item Title: 10.3
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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025 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
23,746.520 99.3840

98.8790

98.5380

97.9690

97.5850

98.3880

98.4170

97.3600
23,600.24
117,880.37
65,085.73
117,562.80
121,981.25
68,871.60
68,891.90
96,219.79
25,449.59
115,561.12
63,220.99
116,042.97
118,955.08
67,716.80
67,711.33
94,817.81
-1,849.35
2,319.25
1,864.74
1,519.83
3,026.17
1,154.80
1,180.57
1,401.98

0.0 0.1

0.0 0.1

0.1 0.1

0.1 0.1
791.71
3,570.54
1,813.11
3,030.00
3,316.25
2,389.10
2,401.00
3,149.68

3.35 3.03

2.79 2.58

2.72 3.47

3.48 3.27
F H L M C Multiclass Mtg Partn - 3137BN6G4
C M O Ser K053 Cl A2

2.995 12/25/2025
119,216.790
F H L M C Multiclass Mtg Partn - 3137BNGT5
C M O Ser K054 Cl A2

2.745 01/25/2026
66,051.400
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
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
F H L M C Multiclass Mtg Partn - 3137FBU79
C M O Ser K069 Cl A2

3.187 09/25/2027
98,828.870
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 79

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May 21, 2025
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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025 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 97.4960

98.6880

96.7890
29,248.80
1,480,320.00
1,451,835.00
28,566.80
1,436,718.75
1,405,195.31
682.00
43,601.25
46,639.69

0.0 1.1

1.1 990.90
58,500.00
51,330.01

3.39 3.95

3.54 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 02/25/2029
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 97.2940

95.8070

99.7180

99.4730
100.6950
100.7220
121,617.50
2,395,175.00
209,407.80
149,209.50
75,521.25
117,695.31
2,488,750.00
209,202.00
150,753.00
74,100.00
3,922.19
-93,575.00
205.80

0.1 1.8

0.2 0.1

0.1 0.2
3,156.25
20,000.00
8,137.50
5,812.50
3,187.50
11,475.00

2.59 0.83

3.89 3.90

4.22 4.22
Federal Farm Credit Bks - 3133EML67

0.800 06/22/2026
2,500,000.000
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 -1,543.50
1,421.25
-1,050.30
Federal Farm Credit Bks - 3133EPSK2

4.250 08/07/2028
75,000.000
Federal Farm Credit Bks - 3133EPN50

4.250 12/15/2028
270,000.000 271,949.40 272,999.70
Item Title: 10.3
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Item Page Number: 80

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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025 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
700,000.000 101.1530
100.9040
101.5380
102.5560

95.8560
708,071.00
706,328.00
96,461.10
689,017.00
693,700.00
93,915.10
19,054.00
12,628.00
2,546.00

0.5 0.5

0.1 0.5

3.6 3.6

3.6 0.2

0.2 0.5
30,625.00
31,500.00
4,275.00
33,250.00
43,750.00
50,000.00
52,500.00
8,500.00
9,843.75
31,500.00

4.32 4.46

4.43 4.63

0.91 1.04

1.09 4.22

4.32 4.42
Federal Farm Credit Bks - 3133EP6K6

4.500 03/26/2027
700,000.000
Federal Farm Credit Bks - 3133EPWK7

4.500 09/22/2028
95,000.000
Federal Farm Credit Bks - 3133ERDH1

4.750 04/30/2029
700,000.000 717,892.00
4,792,800.00
4,795,050.00
4,798,250.00
201,240.00
227,747.25
712,299.00
706,132.00
5,000,000.00
5,000,000.00
5,000,000.00
204,274.00
223,860.00
693,525.00
11,760.00
-207,200.00
-204,950.00
-201,750.00
-3,034.00
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 95.9010
Federal Home Loan Bks - 3130AMWZ1

1.050 06/30/2026
5,000,000.000 95.9650
Federal Home Loan Bks - 3130ATUS4

4.250 12/10/2027
200,000.000 100.6200
101.2210
101.7570
Federal Home Loan Bks - 3130AWTR1

4.375 09/08/2028
225,000.000 3,887.25
Federal Home Loan Bks - 3130AVBD3

4.500 03/09/2029
700,000.000 18,774.00
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 81

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May 21, 2025
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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025 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 - 3130ATS57

4.500 03/10/2028
190,000.000 101.4280
104.9260

97.7330

97.4220

97.2110

96.4840

95.2150

96.1840

98.9600

96.6950
192,713.20
1,626,353.00
68,413.10
196,165.50
1,603,873.05
68,476.95
-3,452.30
22,479.95
-63.85

0.1 1.2

0.1 0.1

0.1 2.9

0.1 0.1

2.3 0.6
8,550.00
81,375.00
175.00

4.44 5.00

0.26 0.26

0.39 0.78

0.92 1.69

2.02 2.07
U S Treasury Bond - 912810FG8

5.250 02/15/2029
1,550,000.000
U S Treasury Note - 91282CAM3

0.250 09/30/2025
70,000.000
U S Treasury Note - 91282CAT8

0.250 10/31/2025
75,000.000 73,066.50 73,986.33 -919.83 187.50
U S Treasury Note - 91282CAZ4

0.375 11/30/2025
70,000.000 68,047.70 68,744.92 -697.22 262.50
U S Treasury Note - 91282CBT7

0.750 03/31/2026
4,000,000.000 3,859,360.00
114,258.00
192,368.00
2,968,800.00
841,246.50
3,998,750.00
118,806.25
184,765.63
3,175,312.50
812,147.27
-139,390.00
-4,548.25
7,602.37
-206,512.50
29,099.23
30,000.00
1,050.00
3,250.00
60,000.00
17,400.00
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
U S Treasury Note - 912828U24

2.000 11/15/2026
870,000.000
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 82

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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025 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 96.7340

98.6370

98.4010

98.6370

97.1950

97.9840

96.3710

97.0310

98.4260

96.9840
773,872.00
1,972,740.00
787,208.00
789,096.00
792,139.25
1,597,139.20
2,023,791.00
145,546.50
802,171.90
1,454,760.00
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
1,443,515.63
25,497.00
-167,885.00
21,577.14
21,721.00
26,237.30
36,956.38
-42,255.88
1,575.80

0.6 1.5

0.6 0.6

0.6 1.2

1.5 0.1

0.6 1.1
18,000.00
45,000.00
20,000.00
21,000.00
22,412.50
50,937.50
65,625.00
4,687.50

2.33 2.28

2.54 2.66

2.83 3.19

3.24 3.22

3.30 3.35
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 15,838.11
11,244.37
26,487.50
48,750.00
U S Treasury Note - 91282CEV9

3.250 06/30/2029
1,500,000.000
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 83

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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025 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 - 91282CGJ4

3.500 01/31/2030
1,500,000.000 97.6910

98.5660

97.8750

99.4610

98.9140

99.1060

99.7500

99.9880

99.9920
100.0590
1,465,365.00
803,312.90
1,321,312.50
795,688.00
806,149.10
882,043.40
847,875.00
799,904.00
824,934.00
1,500,885.00
1,457,812.50
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
1,486,933.59
7,552.50
18,666.02
15,134.77
15,500.50
18,525.85
23,476.99
22,943.36
16,935.25
22,597.09
13,951.41

1.1 0.6

1.0 0.6

0.6 0.7

0.6 0.6

0.6 1.1
52,500.00
28,525.00
47,250.00
29,000.00
29,543.75
33,375.00
32,937.50
32,000.00
33,000.00
60,000.00

3.58 3.55

3.58 3.64

3.66 3.78

3.88 4.00

4.00 4.00
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
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 - 91282CHK0

4.000 06/30/2028
1,500,000.000
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 84

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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025 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 - 91282CLC3

4.000 07/31/2029
1,300,000.000 99.9770

99.8700
1,299,701.00
818,934.00
1,511,835.00
1,607,008.00
800,688.00
793,673.50
803,128.00
1,656,187.50
2,009,380.00
1,759,030.00
1,316,402.34
810,386.72
1,506,855.47
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
-16,701.34
8,547.28

1.0 0.6

1.1 1.2

0.6 0.6

0.6 1.3

1.5 1.3
52,000.00
32,800.00
61,875.00
66,000.00
33,000.00
32,587.50
33,000.00
68,062.50
82,500.00
72,187.50

4.00 4.00

4.09 4.11

4.12 4.11

4.11 4.11

4.11 4.10
U S Treasury Note - 91282CGA3

4.000 12/15/2025
820,000.000
U S Treasury Note - 91282CMN8

4.125 02/15/2028
1,500,000.000 100.7890
100.4380
100.0860
100.4650
100.3910
100.3750
100.4690
100.5160
4,979.53
U S Treasury Note - 91282CKG5

4.125 03/31/2029
1,600,000.000 32,570.50
13,906.75
20,034.43
12,862.37
25,843.75
19,145.62
4,655.00
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
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
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 85

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May 21, 2025
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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025 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 - 91282CJV4

4.250 01/31/2026
800,000.000 100.0560
100.8950
100.9410
100.0050
100.0670
100.4650
101.2380
101.2930
100.6090
101.5630
800,448.00
857,607.50
1,615,056.00
850,042.50
850,569.50
803,720.00
1,467,951.00
860,990.50
804,872.00
1,523,445.00
789,312.50
838,150.40
1,656,250.00
839,707.03
838,876.95
791,375.00
1,446,986.34
839,308.59
790,250.00
1,500,527.34
11,135.50
19,457.10
-41,194.00
10,335.47
11,692.55
12,345.00
20,964.66
21,681.91
14,622.00
22,917.66

0.6 0.7

1.2 0.6

0.6 0.6

1.1 0.7

0.6 1.2
34,000.00
36,125.00
68,000.00
36,125.00
36,125.00
35,000.00
63,437.50
37,187.50
35,000.00
65,625.00

4.25 4.21

4.21 4.25

4.25 4.35

4.32 4.32

4.35 4.31
U S Treasury Note - 91282CKD2

4.250 02/28/2029
850,000.000
U S Treasury Note - 91282CKX8

4.250 06/30/2029
1,600,000.000
U S Treasury Note - 91282CFP1

4.250 10/15/2025
850,000.000
U S Treasury Note - 91282CJS1

4.250 12/31/2025
850,000.000
U S Treasury Note - 91282CHU8

4.375 08/15/2026
800,000.000
U S Treasury Note - 91282CHX2

4.375 08/31/2028
1,450,000.000
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 - 91282CMD0

4.375 12/31/2029
1,500,000.000
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 86

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May 21, 2025
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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025 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 - 91282CKH3

4.500 03/31/2026
850,000.000 100.3910
101.0200
101.9060
100.5940
100.4510
102.3480
101.4060
100.8560
853,323.50
808,160.00
1,630,496.00
855,049.00
803,608.00
1,637,568.00
1,521,090.00
842,828.13
793,125.00
1,614,812.50
842,164.06
794,500.00
1,609,593.75
1,505,683.59
10,495.37
15,035.00
15,683.50
12,884.94
9,108.00

0.6 0.6

1.2 0.6

0.6 1.2

1.2 38,250.00
36,000.00
72,000.00
38,250.00
37,000.00
74,000.00
69,375.00

4.48 4.45

4.42 4.47

4.60 4.52

4.56 4.83
U S Treasury Note - 91282CKJ9

4.500 04/15/2027
800,000.000
U S Treasury Note - 91282CKT7

4.500 05/31/2029
1,600,000.000
U S Treasury Note - 91282CHM6

4.500 07/15/2026
850,000.000
U S Treasury Note - 91282CKB6

4.625 02/28/2026
800,000.000
U S Treasury Note - 91282CKP5

4.625 04/30/2029
1,600,000.000 27,974.25
15,406.41
U S Treasury Note - 91282CKV2

4.625 06/15/2027
1,500,000.000
U S Treasury Note - 91282CKK6

4.875 04/30/2026
800,000.000 806,848.00 799,125.00 7,723.00 0.6 39,000.00 Total US Government Issues $89,376,969.41 $89,750,483.14 -$373,513.73 67.8 $2,801,795.94 Corporate Issues
Amazon Com Inc - 023135BX3

1.000 05/12/2026
60,000.000 96.3850 57,831.00 59,740.80 -1,909.80 0.0 600.00 1.04 Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 87

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May 21, 2025
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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025 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 Fin Corp - 02665WED9
Medium Term Note

4.700 01/12/2028
130,000.000 100.7790
100.8480
131,012.70
605,088.00
131,033.50
595,380.00
-20.80 0.1

0.5 6,110.00 4.66

4.86 American Honda Finance - 02665WFD8
Medium Term Note

4.900 03/12/2027
600,000.000 9,708.00 29,400.00
American Honda Finance - 02665WFE6
Medium Term Note

4.900 03/13/2029
850,000.000 101.0740

96.9070

98.9640
859,129.00
24,226.75
98,964.00
843,616.50
25,621.00
96,949.00
15,512.50
-1,394.25
2,015.00

0.7 0.0

0.1 41,650.00
512.50

4.85 2.11

3.28 Apple Inc - 037833DN7

2.050 09/11/2026
25,000.000
Apple Inc - 037833BY5

3.250 02/23/2026
100,000.000 3,250.00
Bank Amer Corp Sr - 06051GJD2
Medium Term Note

1.319 06/19/2026
40,000.000 99.0080
100.4190
100.2080
100.5620
39,603.20
30,125.70
901,872.00
703,934.00
40,105.60
30,000.00
881,811.00
694,316.00
-502.40
125.70

0.0 0.0

0.7 0.5
527.60
1,524.00

1.33 5.06

4.53 4.92
Bank America Corp - 06051GLE7
Medium Term Note

5.080 01/20/2027
30,000.000
Bank New York Mellon Corp - 06406RBN6
Medium Term Note

4.543 02/01/2029
900,000.000 20,061.00
9,618.00
40,887.00
34,629.00
Bank New York Mellon Corp - 06406RBQ9
Medium Term Note

4.947 04/26/2027
700,000.000
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 88

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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025 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 - 06051GHT9
Medium Term Note

3.559 04/23/2027
675,000.000 98.8000

98.5850
666,900.00
73,938.75
656,743.45
71,563.50
10,156.55
2,375.25

0.5 0.1
24,023.25
2,868.00

3.60 3.88
Bank Of America Corp - 06051GGF0
Medium Term Note

3.824 01/20/2028
75,000.000
Bank Of America Corp - 06051GHG7
Medium Term Note

3.970 03/05/2029
1,050,000.000 98.0550

96.5050
1,029,577.50
43,427.25
992,729.50
44,991.45
36,848.00
-1,564.20

0.8 0.0
41,685.00
1,035.00

4.05 2.38
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
3,601.660 99.6620
100.0680
101.2060
100.3770
3,589.49
3,967.76
3,601.47
3,972.23
-11.98
-4.47

0.0 0.0

0.4 0.1
115.61
204.60

3.22 5.16

5.12 4.78
Bmw Vehicle Lease - 05593AAC3
A B S Ser 2023 1 Cl A 3

5.160 11/25/2025
3,965.060
Bmw Vehicle Owner Trust - 096919AD7
A B S Ser 2024 A Cl A 3

5.180 02/26/2029
570,000.000 576,874.20
80,301.60
569,913.42
79,988.80
6,960.78
312.80
29,526.00
3,840.00
Caterpillar Finl Svcs - 14913R3B1
Medium Term Note

4.800 01/06/2026
80,000.000
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 89

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May 21, 2025
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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025 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
Caterpillar Finl Svcs - 14913UAJ9
Medium Term Note

4.850 02/27/2029
1,300,000.000 101.4390

96.2550

96.6870
101.1390

97.6240
1,318,707.00
24,063.75
82,183.95
707,973.00
19,524.80
1,290,499.00
24,991.70
80,783.15
694,694.00
19,535.80
28,208.00
-927.95

1.0 0.0

0.1 0.5

0.0 63,050.00
612.50

4.78 2.54

3.31 4.75

3.07 Charles Schwab Corp - 808513BY0

2.450 03/03/2027
25,000.000
Charles Schwab Corp - 808513AU9

3.200 01/25/2028
85,000.000 1,400.80
13,279.00
-11.00
2,720.00
33,600.00
600.00
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 99.8710

97.8130
69,909.70
34,234.55
69,267.10
36,755.95
642.60 0.1

0.0 2,835.00
1,032.50

4.05 3.02
Duke Energy Carolinas - 26442CAS3

2.950 12/01/2026
35,000.000 -2,521.40
Ford Cr Auto Owner Tr - 34535VAD6
A B S Ser 2024 D Cl A 3

4.840 07/15/2029
775,000.000 100.6640

99.3610
780,146.00
1,851.97
774,975.12
1,863.72
5,170.88
-11.75

0.6 0.0
37,510.00

23.48 4.81

1.27 Gm Fin Cons Auto Rec - 380146AC4
A B S Ser 2022 1 Cl A3

1.260 11/16/2026
1,863.880
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 90

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May 21, 2025
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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025 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
Gm Fin Cons Auto Rec Tr - 362554AC1
A B S Ser 2021 4 Cl A 3

0.680 09/16/2026
1,380.480 99.3700 1,371.78 1,380.43 -8.65 0.0

0.6 9.39 0.68

4.81 Home Depot Inc - 437076CW0

4.900 04/15/2029
750,000.000 101.7790 763,342.50 742,725.00 20,617.50 36,750.00 Honda Auto Rec Owner - 437930AC4
A B S Ser 2024 2 Cl A 3

5.270 11/20/2028
210,000.000 101.3740

99.3780

99.5220
212,885.40
21,297.52
844.23
209,974.48
20,614.59
848.10
2,910.92
682.93
-3.87

0.2 0.0

0.0 11,067.00
402.90

7.46 5.20

1.89 0.88
Honda Auto Rec Ownr Tr - 43815BAC4
A B S Ser 2022 1 Cl A 3

1.880 05/15/2026
21,430.820
Honda Auto Rec Ownr Tr 2021 4 - 43815GAC3
A B S Ser 2021 4 Cl A3
01/21/2026 Var
848.280
Honda Auto Receivables Owner - 43813YAC6
A B S Ser 2024 3 Cl A3

4.570 03/21/2029
800,000.000 100.4490

97.0880
803,592.00
135,923.20
799,874.32
131,150.60
3,717.68
4,772.60

0.6 0.1
36,560.00
3,500.00

4.55 2.57
Honeywell International - 438516BL9

2.500 11/01/2026
140,000.000
Hyundai Auto Rec Tr - 44935FAD6
A B S Ser 2021 C Cl A3

0.740 05/15/2026
417.460 99.8590

99.5010
416.87 411.47 5.40 0.0

0.0 3.09 0.74

2.23 Hyundai Auto Rec Tr - 448977AD0
A B S Ser 2022 A Cl A3
10/15/2026 Var
5,824.190 5,795.13 5,823.97 -28.84 129.30
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 91

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May 21, 2025
Page
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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025 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 Capital Corporation - 24422EXH7
Medium Term Note

4.500 01/16/2029
1,550,000.000 100.3020

99.8260
100.3440

99.3230
100.4340
1,554,681.00
766.27
1,509,761.00
767.54
44,920.00
-1.27

1.2 0.0

0.0 0.0

0.0 69,750.00

3.99 4.49

0.52 5.07

2.34 4.99
John Deere Own - 47789QAC4
A B S Ser 2021 B Cl A 3
03/16/2026 Var
767.610
16,165.180
2,145.760
John Deere Owner - 47800BAC2
A B S Ser 2022 C Cl A 3

5.090 06/15/2027
16,220.79
2,131.23
16,163.92
2,145.28

56.87 822.81

49.78 John Deere Owner Tr - 47787JAC2
A B S Ser 2022 Cl A 3
09/15/2026 Var
-14.05

82.39 John Deere Owner Trust - 47800CAC0
A B S Ser 2023 A Cl A3

5.010 11/15/2027
18,219.770 18,298.84 18,216.45 912.81
John Deere Ownr Tr - 47800AAC4
A B S Ser 2022 B Cl A3
02/16/2027 Var
7,401.040
70,000.000
12,000.000

99.6090

98.5010

99.6240

97.0590
7,372.10
68,950.70
7,400.33
67,053.70
-28.23
1,897.00
-493.08

0.0 0.1

0.0 0.9
276.80
2,647.40
249.96

3.75 3.84

2.09 3.61
Jpmorgan Chase Co - 46625HRY8
02/01/2028 Var
Jpmorgan Chase Co - 46647PBK1

2.083 04/22/2026
11,954.88 12,447.96
Jpmorgan Chase Co - 46647PAM8

3.509 01/23/2029
1,250,000.000 1,213,237.50 1,169,226.50 44,011.00 43,862.50 Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 92

Menifee Mayor and City Council
May 21, 2025
Page
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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025 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
Jpmorgan Chase Co - 46647PBA3

3.960 01/29/2027
400,000.000 99.5070 398,028.00
35,000.00
388,284.00
36,067.15
9,744.00
-1,067.15

0.3 0.0
15,840.00
700.00

3.98 2.00
Mastercard Inc - 57636QAN4

2.000 03/03/2025
35,000.000 100.0000
Mercedes Benz Auto - 58770AAC7
A B S Ser 2023 1 Cl A3

4.510 11/15/2027
24,476.290 100.0310

99.6610

99.2140
24,483.88
129,559.30
124,017.50
24,473.36
130,394.70
120,882.50

10.52 -835.40
3,135.00

0.0 0.1

0.1 1,103.88
5,265.00
3,906.25

4.51 4.06

3.15 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
750,000.000 100.4120
101.2670
753,090.00
810,136.00
744,262.05
794,520.00
8,827.95 0.6

0.6 37,875.00
41,312.00

5.03 5.10
Morgan Stanley - 61747YFD2
Medium Term Note

5.164 04/20/2029
800,000.000 15,616.00
Morgan Stanley Fr - 6174468Q5
Medium Term Note

2.188 04/28/2026
35,000.000 99.6100

96.8780
34,863.50 33,013.20 1,850.30 0.0

1.2 765.80 2.20

3.82 National Rural Util Coop - 637432NS0

3.700 03/15/2029
1,600,000.000 1,550,048.00 1,507,712.00 42,336.00 59,200.00 Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 93

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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025 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 Coop Fin - 63743HFE7
Medium Term Note

3.450 06/15/2025
10,000.000 99.6230 9,962.30 9,997.30 -35.00 0.0 345.00 3.46 National Rural Utils Corp Fin - 63743HFH0
Medium Term Note

4.450 03/13/2026
70,000.000 99.9490

99.4740
69,964.30
14,921.10
69,950.30
14,975.70

14.00 0.1

0.0 3,115.00
600.00

4.45 4.02
Northern Tr Corp Sr Nt - 665859AW4

4.000 05/10/2027
15,000.000 -54.60
Paccar Financial Corp - 69371RS31
Medium Term Note

4.600 01/10/2028
100,000.000 100.9950 100,995.00 99,515.00 1,480.00 0.1 4,600.00 4.55 Paccar Financial Corp - 69371RS80
Medium Term Note

4.600 01/31/2029
1,500,000.000 100.9360

99.7100
1,514,040.00
129,623.00
135,113.40
1,620,896.00
1,468,515.00
124,989.80
134,947.35
1,577,232.00
45,525.00
4,633.20
166.05

1.1 0.1

0.1 1.2
69,000.00
3,575.00
6,423.30
78,000.00

4.56 2.76

4.75 4.81
Pepsico Inc - 713448CT3

2.750 04/30/2025
130,000.000
Pnc Financial Services - 693475BL8

4.758 01/26/2027
135,000.000 100.0840
101.3060
Prologis L P - 74340XCG4

4.875 06/15/2028
1,600,000.000 43,664.00
Public Service Electric - 74456QBR6
Medium Term Note

2.250 09/15/2026
850,000.000 97.0480 824,908.00 807,126.00 17,782.00 0.6 19,125.00 2.32 Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 94

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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025 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
Public Service Electric - 74456QBX3
Medium Term Note

3.650 09/01/2028
800,000.000 97.3990

98.7610
100.2870

97.4000
101.1940
101.0440

95.9890
779,192.00
98,761.00
752,432.00
97,097.00
26,760.00
1,664.00
43,266.50
29,664.00
1,492.50
12,840.00
-768.20

0.6 0.1

1.1 0.6

0.1 1.1

0.0 29,200.00
3,950.00
68,875.00
30,000.00
6,241.25
71,730.00
390.00

3.75 4.00

4.74 3.85

4.93 4.73

2.03 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 1,454,161.50
779,200.00
126,492.50
1,515,660.00
19,197.80
1,410,895.00
749,536.00
125,000.00
1,502,820.00
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
State Street Bank Trust - 857449AE2

4.782 11/23/2029
1,500,000.000
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 99.1590

99.5750
39,663.60
6,928.30
39,866.00
6,552.63
-202.40
375.67

0.0 0.0
1,643.20

49.40 4.14

0.71 Toyota Auto Rec Own Tr - 89238JAC9
A B S Ser 2021 D Cl A 3
04/15/2026 Var
6,957.870
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 95

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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025 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 Auto Rec Own Tr - 89231CAD9
A B S Ser 2022 C Cl A 3

3.760 04/15/2027
15,069.980 99.5920 15,008.49 14,819.20 189.29
690.85

0.0 0.3
566.63 3.77

4.46 Toyota Auto Rec Tr 2024-D 6/15/2029 - 89239TAD4

4.470000
405,000.000 100.1650 405,668.25 404,977.40 18,103.50
Toyota Mtr Cr Corp - 89236TJK2
Medium Term Note

1.125 06/18/2026
40,000.000 96.1270
100.8310
102.6500
38,450.80
80,664.80
39,982.40
79,947.20
-1,531.60
717.60

0.0 0.1

1.1 450.00
3,700.00
76,125.00

1.17 4.59

5.11 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 1,488,425.00 1,455,605.50 32,819.50
Truist Finl Corp - 89788MAA0
Medium Term Note

1.200 08/05/2025
30,000.000 98.5500

96.3050

98.9350
102.3480
29,565.00
38,522.00
840,947.50
716,436.00
29,341.20
39,563.60
822,681.00
702,464.00
223.80
-1,041.60
18,266.50
13,972.00

0.0 0.0

0.6 0.5
360.00
460.00

1.22 1.19

4.30 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
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 96

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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025 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
US Bancorp - 91159HJK7
Medium Term Note

4.653 02/01/2029
1,600,000.000 99.9450

95.4170
1,599,120.00 1,550,764.50 48,355.50 1.2 74,448.00 4.66

1.10 Walmart Inc - 931142ER0

1.050 09/17/2026
10,000.000 9,541.70 9,981.10 -439.40 0.0 105.00
Total Corporate Issues $32,169,295.08 $31,472,577.54 $696,717.54 24.4 $1,421,399.44 Foreign Issues
Bank Of Montreal - 06368FAC3
Medium Term Note

1.250 09/15/2026
40,000.000 95.3740

96.8900
38,149.60 39,951.60 -1,802.00
3,561.60

0.0 0.1
500.00 1.31

3.22 Inter American Devel Bk - 4581X0DC9

3.125 09/18/2028
120,000.000 116,268.00 112,706.40 3,750.00
Inter American Devel Bk - 4581X0DV7
Medium Term Note

0.875 04/20/2026
75,000.000 96.4490 72,336.75 74,656.50 -2,319.75 0.1 656.25 0.91 Inter American Devel Bk - 4581X0EN4
Medium Term Note

4.125 02/15/2029
1,385,000.000 100.0940

98.0230

99.0290
1,386,301.90
1,323,310.50
2,322,230.05
1,381,426.20
1,350,850.50
2,338,879.55
4,875.70
-27,540.00
-16,649.50

1.1 1.0

1.8 57,131.25
48,937.50
90,868.75

4.12 3.70

3.91 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 - March 2025
Item Page Number: 97

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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025 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 97.5600

98.1950
73,170.00 74,670.05 -1,500.05
27,547.00

0.1 1.0
375.00 0.51

3.56 International Bank M T N - 459058KT9

3.500 07/12/2028
1,300,000.000 1,276,535.00 1,248,988.00 45,500.00
International Finance Corp - 45950KDD9
Medium Term Note

4.500 07/13/2028
100,000.000 101.3420
101.1070
101.3190
100.4910
101,342.00
80,885.60
99,889.00
79,957.60
1,453.00
928.00

0.1 0.1

1.2 0.1
4,500.00
3,920.00
76,725.00
4,082.40

4.44 4.85

4.89 5.08
Royal Bk Cda - 78016FZW7
Medium Term Note

4.900 01/12/2028
80,000.000
Royal Bk Cda - 78016HZV5
Medium Term Note

4.950 02/01/2029
1,550,000.000 1,570,444.50
80,392.80
1,530,273.50
79,890.40
40,171.00
502.40
Toronto Dominion Bank - 89115A2K7
Medium Term Note

5.103 01/09/2026
80,000.000
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 98

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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025 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
1,400,000.000 102.7860 1,439,004.00 1,406,219.50 32,784.50 1.1 77,322.00 5.37 Total Foreign Issues $9,880,370.70 $9,818,358.80 $62,011.90 7.5 $414,268.15 Total Taxable Bonds $131,426,635.19
$131,802,389.47
$131,041,419.48
$131,417,173.76
$385,215.71
$385,215.71

99.7 $4,637,463.53
$4,653,339.91Total Assets 100.0
Estimated Current Yield 3.53

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 - March 2025
Item Page Number: 99

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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025

TRANSACTION DETAIL
Date
Posted Activity Description Cash Tax Cost
Beginning Balance 02/01/2025 $0.00 $131,051,597.03
02/03/25
02/03/25
02/03/25
02/03/25
02/03/25
02/03/25
02/05/25
02/07/25
02/11/25
02/11/25
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Asset Income
Cash Disbursement
Purchase
Interest Earned On
Royal Bk Cda Mtn 4.950% 2/01/29

0.02475 USD/$1 Pv On 1,550,000 Par Value Due 2/1/25
38,362.50
Interest Earned On
US Bancorp M T N 4.653% 2/01/29

0.023265 USD/$1 Pv On 1,600,000 Par Value Due 2/1/25
37,224.00
20,443.50
1,323.70
Interest Earned On
Bank New York M T N 4.543% 2/01/29

0.022715 USD/$1 Pv On 900,000 Par Value Due 2/1/25
Interest Earned On
Jpmorgan Chase Co 3.782% 2/01/28

0.01891 USD/$1 Pv On 70,000 Par Value Due 2/1/25
Interest Earned On
F F C B Deb 3.875% 2/02/26

0.019375 USD/$1 Pv On 210,000 Par Value Due 2/2/25
4,068.75
Interest Earned On
Federated Hermes Govt Obligs Is
Interest From 1/1/25 To 1/31/25
2,515.23
Interest Earned On
Truist Finl Corp Mtn 1.200% 8/05/25

0.006 USD/$1 Pv On 30,000 Par Value Due 2/5/25
180.00
Interest Earned On
F F C B Deb 4.250% 8/07/28

0.02125 USD/$1 Pv On 75,000 Par Value Due 2/7/25
1,593.75
Cash Disbursement
Paid To Chandler Asset Mgmt
Payment Of Funds As Requested
-7,805.71
-1,486,933.59Purchased 1,500,000 Par Value Of
U S Treasury Nt 4.000% 6/30/28
1,486,933.59
Trade Date 2/10/25
Purchased Through Wells Fargo Securities, LLC
Purchased On The Off-Exchange Transactions - Li
Swift External Ref#: 8504103133179255
1,500,000 Par Value At 99.128906 %
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 100

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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
02/11/25
02/11/25
Purchase Accrued Interest Paid Accrued Interest On Purchase Of U S Treasury Nt 4.000% 6/30/28
Income Debit 6,961.33- USD
-6,961.33
Purchase Purchased 1,500,000 Par Value Of
State Street 4.782% 11/23/29
Trade Date 2/10/25
-1,502,820.00 1,502,820.00
Purchased Through Morgan Stanley & Co. LLC
Purchased On The Marketaxess Corporation
Swift External Ref#: 8504103133179305
1,500,000 Par Value At 100.188 %
02/11/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
Purchase Accrued Interest
Asset Income
Asset Income
Sale
Paid Accrued Interest On Purchase Of
State Street 4.782% 11/23/29
Income Debit 15,143.00- USD
-15,143.00
2,784.38

0.99 Interest Earned On
Inter Amer Bk M T N 4.125% 2/15/29

0.020625 USD/$1 Pv On 135,000 Par Value Due 2/15/25
Interest Earned On
Gm Fin Cons Auto 0.680% 9/16/26
$0.00057/Pv On 1,742.24 Pv Due 2/16/25
Paid Down 361.76 Par Value Of
Gm Fin Cons Auto 0.680% 9/16/26
Trade Date 2/16/25
361.76
922.25
2,977.29

2.38 -361.75
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 2/18/25
Interest Earned On
Ford Cr Auto Owner 4.840% 7/15/29
$0.00384/Pv On 775,000.00 Pv Due 2/15/25
Interest Earned On
Gm Fin Cons Auto 1.260% 11/16/26
$0.00105/Pv On 2,265.98 Pv Due 2/16/25
Paid Down 402.1 Par Value Of
Gm Fin Cons Auto 1.260% 11/16/26
Trade Date 2/16/25
402.10 -402.06
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 101

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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
Asset Income Interest Earned On
Honda Auto Rec Own 1.880% 5/15/26
$0.00157/Pv On

40.18 25,644.20 Pv Due 2/15/25
Sale Paid Down 4,213.38 Par Value Of
Honda Auto Rec Own 1.880% 5/15/26
Trade Date 2/15/25
4,213.38

12.95 -4,052.91
Asset Income
Sale
Interest Earned On
Hyundai Auto Rec 2.220% 10/15/26
$0.00185/Pv On 6,998.80 Pv Due 2/15/25
Paid Down 1,174.61 Par Value Of
Hyundai Auto Rec 2.220% 10/15/26
Trade Date 2/15/25
1,174.61

0.78 -1,174.56
-827.22
-408.30
-648.24
Asset Income
Sale
Interest Earned On
Hyundai Auto Rec Tr 0.740% 5/15/26
$0.00062/Pv On 1,256.70 Pv Due 2/15/25
Paid Down 839.24 Par Value Of
Hyundai Auto Rec Tr 0.740% 5/15/26
Trade Date 2/15/25
839.24

4.94Asset Income
Sale
Interest Earned On
John Deere Owner 2.320% 9/15/26
$0.00193/Pv On 2,554.15 Pv Due 2/15/25
Paid Down 408.39 Par Value Of
John Deere Owner 2.320% 9/15/26
Trade Date 2/15/25
408.39

0.61Asset Income
Sale
Interest Earned On
John Deere Own 0.520% 3/16/26
$0.00043/Pv On 1,415.91 Pv Due 2/15/25
Paid Down 648.3 Par Value Of
John Deere Own 0.520% 3/16/26
Trade Date 2/15/25
648.30

26.21Asset Income Interest Earned On
John Deere Ownr Tr 3.740% 2/16/27
$0.00312/Pv On 8,410.49 Pv Due 2/15/25
Item Title: 10.3
Treasurer's Report - March 2025
Item Page Number: 102

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ACCOUNT NUMBER: 6736302020 February 1, 2025 to February 28, 2025 TRANSACTION DETAIL (continued)
Date
Posted Activity Description Cash Tax Cost
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
02/18/25
Sale Paid Down 1,009.45 Par Value Of
John Deere Ownr Tr 3.740% 2/16/27
Trade Date 2/15/25
1,009.45 -1,009.35
Asset Income
Sale
Interest Earned On
John Deere Owner 5.090% 6/15/27

75.89 1,726.97

82.07 $0.00424/Pv On 17,892.15 Pv Due 2/15/25
Paid Down 1,726.97 Par Value Of
John Deere Owner 5.090% 6/15/27
Trade Date 2/15/25
-1,726.84
-1,436.50
-1,962.36
-1,270.71
-2,675.09
Asset Income
Sale
Interest Earned On
John Deere Owner 5.010% 11/15/27
$0.00418/Pv On 19,656.53 Pv Due 2/15/25
Paid Down 1,436.76 Par Value Of
John Deere Owner 5.010% 11/15/27
Trade Date 2/15/25
1,436.76