FISCAL IMPACT:
In March, the approximate yield of the City’s combined investments was 2.57% (see attachment 3) on a weighted average. For the portfolio of securities alone, the yield to maturity on cost was
2.01%. For comparative purposes, the yields (as of March 31, 2023) of other investments commonly used by public agencies are listed below:
Local Agency Investment Fund: 2.83%
1-Year U.S. Treasury Note: 4.67%
2-Year U.S. Treasury Note: 4.09%
The Portfolio maintains sufficient liquidity to meet the City's projected expenditure requirements for at least the next six months.
COMMITTEE RECOMMENDATION:
This item has not gone before a committee.
CEQA/NEPA REQUIREMENTS:
N/A
RECOMMENDED COUNCIL ACTION:
Staff Recommendations:
Motion accepting the Monthly Investment Report for March 2023.
Approved by:
DeAnna Christensen, Director of Finance
Joseph P. Lopez, City Manager
Attachments:
1. Monthly Investment Report
2. Account Statement
3. Combined Yields
4. Portfolio Holdings and Earnings Projections
5. Cash with Fiscal Agent
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PORTFOLIO HOLDINGS
Attachment 1
Percentages may not total to 100% due to rounding.
Investment Type No. of Investments Amount Invested
CAMP 1 47,361,889
Federal Agency 27 51,758,210
Federal Home Loan Bank 2 4,206,466
Federal Home Loan Mortgage Co. 6 9,993,113
Federal Nat’l Mortgage Assc. 18 35,264,056
Federal Farm Credit Bank 1 2,294,575
Federal Agency CMO 1 669,165
U.S. Treasury 64 237,654,855
Commercial Paper 3 30,553,199
Negotiable CD 1 3,353,121
Corporate Note 20 45,298,331
Asset-Backed 10 4,121,766
Municipal 10 7,188,810
Supranational 2 5,610,693
Total Invested 139 433,570,040
Sector Allocation
March 31, 2023 versus February 28, 2023
Sector March 31, 2023 February 28, 2023 Change in Allocation Permitted by Policy
U.S. Treasury 54.8% 52.8% 2.0% 100%
Federal Agency 11.9% 12.6% -0.7% 100%
Federal Agency CMO 0.2% 0.2% 0.0% 100%
Commercial Paper 7.0% 7.1% -0.1% 25%
Negotiable CD 0.8% 1.2% -0.4% 30%
Corporate Note 10.4% 11.0% -0.5% 30%
Asset-Backed 1.0% 1.0% -0.1% 20%
Municipal 1.7% 1.7% 0.0% 100%
Supranational 1.3% 1.3% -0.1% 30%
CAMP 10.9% 11.1% 2.0% 100%
* Total invested includes only the bolded numbers
* * Amount invested are market values excluding accrued interest Additional, detailed information regarding security types and investment activity may be found in Attachment 2 accompanying this memo. Moreover, the addendum data will confirm continued compliance with the investment policy as well as with California Government Code.
RECENT ACTIVITY & CORPORATE EXPOSURE
The U.S. Federal Reserve raised its benchmark interest rate by 25 basis points (bps) March 22nd, toeing the line of stoking any further banking sector worries and its battle of attrition with inflation. The 25 bp increase brings the federal funds rate to a new range of 4.75% to 5%. Fed funds futures contracts have diverged notably from Fed expectations, implying markets are betting on rate cuts to begin within six months. In the Long-Term portfolio, we purchased two long and two short-maturity Treasury notes. These replaced a maturing corporate note, certificate of deposit, Treasury note, and an agency that was sold.
There was no activity in the Short-Term Portfolio over the month. #11..
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PERFORMANCE
Interest rates fell during the month, and both the Long-Term Portfolio and its benchmark showed positive performance during the period. Credit spreads widened dramatically due to the surprise banking failures in the later half of the month. Due to the spread widening the portfolio underperformed the benchmark for the month. Since inception, the portfolio continues to outperform the benchmark.
1. Performance is calculated on trade-date basis, gross (i.e., before fees) in accordance the CFA Institute's Global Investment Performance Standards (GIPS).
2. Performance numbers for periods greater than 1 year are presented on an annualized basis unless otherwise noted.
3. The performance calculation excludes any funds not invested in the 1-5 year strategy.
4. Performance benchmark through December 31, 2018 was the ICE BofAML 1-3 Year U.S. Treasury Index, and is now the ICE BofAML 1-5 Year U.S. Treasury Index, sourced from Bloomberg.
5. Inception date is 3/31/04.
Percentages may not add due to rounding.
Long-Term Portfolio Total Return
March 31, 2023
1 Month Trailing
12 Months
Trailing 36
Months
Trailing 60
Months
Since
Inception5
City of Modesto Investment Portfolio1,2,3 1.77% -0.03% -0.71% 1.44% 1.98% Modesto Performance Benchmark41.98% -0.38% -1.41% 1.10% 1.70% Average Portfolio Yields
March 31, 2023
Past
Month
Past 3
Months
Past
Year
Past 3
Years
Past 5
Years
City of Modesto Investment Portfolio 2.01% 1.97% 1.76% 1.56% 1.97% City of Modesto Short-Term Portfolio 4.97% 4.93% 3.03% - - $103.9
$44.9
$63.3
$123.5
$49.4 $48.6
$-
$30.0
$60.0
$90.0
$120.0
$150.0
Under 6
Months
6-12
Months
1-2 Years 2-3 Years 3-4 Years 4-5 Years
Millions
Maturity Distribution
March 31, 2023
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INVESTMENT POLICY
The City’s investment policy embraces the following standards: the prudent investor rule, requiring the safety of principal, through prudent and safe investments; sufficient liquidity to meet expected and unforeseen cash flows; generation of an above-market, risk-adjusted rate of return (meaning, returnsexpectations taking safety and liquidity into account). No investments longer than five years are permitted.
Some investments have maturity limits of 270 days or less. The table below details the City’s permitted investments.
Investment Type
Maximum
Maturity
Maximum Specified
% of Portfolio
Maximum
% per
Issuer
Minimum Quality
Requirements
Local Agency Bonds 5 Years None None None
Treasury Obligations 5 Years None None None
State Obligations 5 Years None None A rating
CA Local Agency Obligations 5 Years None None A rating
Federal Agencies 5 Years None None None
Supranationals 5 Years 30 percent 5 percent AA
Banker’s Acceptances 180 days 40 percent 5 percent Federal Reserve eligible Commercial Paper 270 days 25 percent 5 percent A1/P1 rating Negotiable Certificates of Deposit 5 Years 30 percent 5 percent A rating Certificates of Deposit 1 Year 20 percent 5 percent FDIC insured or collateralized Repurchase Agreements 90 days None 5 percent None
Reverse Repurchase Agreements 92 days 20 percent of
combined base value 5 percent None
Medium Term Notes 5 Years 30 percent 5 percent A rating Money Market Mutual Funds N/A 20 percent 10 percent Multiple Mortgage and Asset-backed Securities 5 Years 20 percent 5 percent AA Rating CAMP N/A None None N/A
LAIF N/A N/A None N/A
The City is not required to include a list of investments held by our bond trustees; however, staff believes the City Council should be kept informed of these investments. These investments are identified on Attachment A.
LONG TERM PORTFLIO INCOME RETURN
Monthly Income Return
0.12%
Fiscal Year-to-Date Income Return
0.99%
Prior 12 Months Income Return
1.30%
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Source: Bloomberg, as of March 2023.
Economic Summary
Price Growth Remains Too High for The Fed While Markets Price In Rate Cuts
4.6%
0%
1%
2%
3%
4%
5%
6%
2019 2020 2021 2022 2023
Inflation
Core PCE YoY Fed's Inflation Target
2% Annualized
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Source: Bloomberg, Institute for Supply Management, as of March 2023.
Economic Summary
Despite Lower Inflation Expectations, Consumers Are Downbeat on Economic Outlook
40 50
60 70
80 90
100
110
120
2013 2015 2017 2019 2021 2023
Index Value (1996=100)
Consumer Sentiment Index
0%
1%
2%
3%
4%
5%
6%
2013 2015 2017 2019 2021 2023
Median Price Increase
Expected Change in Prices During Next Year
Inflation
expectations at
lowest since 2021
#11..
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Source: ICE BofAML 1-5 year Indices via Bloomberg, MarketAxess and PFMAM as of 03/31/2023. Spreads on ABS are option-adjusted spreads of 0-5 year indices based on weighted average life; spreads on agencies are relative to comparable maturity Treasuries.
Economic Summary
Sector Spreads Experience Extreme Volatility with Surprise Banking Stress Over the Month
-0.05%
0.00%
0.05%
0.10%
0.15%
0.20%
0.25%
0.30%
0.35%
Mar-22 Jun-22 Sep-22 Dec-22 Mar-23
Federal Agency Yield Spreads
0.50%
0.60%
0.70%
0.80%
0.90%
1.00%
1.10%
1.20%
Mar-22 Jun-22 Sep-22 Dec-22 Mar-23
Corporate Notes A-AAA Yield Spreads
0.20%
0.30%
0.40%
0.50%
0.60%
0.70%
0.80%
0.90%
1.00%
1.10%
1.20%
Mar-22 Jun-22 Sep-22 Dec-22 Mar-23
Asset-Backed Securities AAA Yield Spreads
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Treasury Yields Fell Across The Curve
Source: Bloomberg as of 03/31/2023.
Economic Summary
4.86%
4.59%
3.79%
3.47%
3.65%
2.50%
2.75%
3.00%
3.25%
3.50%
3.75%
4.00%
4.25%
4.50%
4.75%
5.00%
5.25%
3M1Y 2Y 3Y 4Y 5Y 10Y 30Y
U.S. Treasury Yield Curve
March 31, 2023
February 28, 2023
December 31, 2022
#11..
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This material is based on information obtained from sources generally believed to be reliable and available to the public, however, PFM Asset Management LLC cannot guarantee its accuracy, completeness or suitability. This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation. All statements as to what will or may happen under certain circumstances are based on assumptions, some but not all of which are noted in the presentation. Assumptions may or may not be proven correct as actual events occur, and results may depend on events outside of your or our control. Changes in assumptions may have a material effect on results. Past performance does not necessarily reflect and is not a guaranty of future results. The information contained in this presentation is not an offer to purchase or sell any securities.
Investment advisory services are provided by PFM Asset Management LLC (“PFMAM”), an investment adviser registered with the U.S. Securities and Exchange Commission and a subsidiary of U.S. Bancorp Asset Management, Inc. (“USBAM”). USBAM is a subsidiary of U.S. Bank National Association (“U.S. Bank”). U.S. Bank is a separate entity and subsidiary of U.S. Bancorp. U.S. Bank is not responsible for and does not guarantee the products, services or performance of PFMAM. The information contained is not an offer to purchase or sell any securities. Additional applicable regulatory information is available upon request.
For more information regarding PFMAM’s services or entities, please visit www.pfmam.com.
Disclosures
#11..
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For the Month Ending March 31, 2023
Account Statement
Consolidated Summary Statement
CITY OF MODESTO
Investment Allocation
Investment Type Closing Market Value Percent
Asset-Backed Security 4,121,765.65 0.95
Federal Agency Bond / Note 51,758,210.26 11.94
Corporate Note 45,298,331.03 10.45
Certificate of Deposit 3,353,121.20 0.77
Federal Agency Commercial Mortgage-Backed Security 669,165.44 0.15 Commercial Paper 30,553,199.35 7.05
Municipal Bond / Note 7,188,809.90 1.66
Supra-National Agency Bond / Note 5,610,692.90 1.29
U.S. Treasury Bond / Note 237,654,854.73 54.82
CAMP Pool 47,361,889.08 10.92
Total $433,570,039.54 100.00%
Portfolio Summary
and Income
Closing
Portfolio Holdings Market Value
Cash Dividends
PFMAM Managed Account 453,968.34 386,208,150.46
CAMP Pool 0.00 47,361,889.08
Total $453,968.34 $433,570,039.54
Maturity Distribution (Fixed Income Holdings)
Portfolio Holdings Closing Market Value Percent
50,007,334.26
20,361,481.76
0.00 33,565,723.28
44,880,128.96
63,291,343.53
125,262,769.00
49,406,007.94
46,795,250.81
0.00 11.53
4.70 0.00
7.74 10.35
14.60 28.89
11.40 10.79
0.00 Under 30 days
31 to 60 days
61 to 90 days
91 to 180 days
181 days to 1 year
1 to 2 years
2 to 3 years
3 to 4 years
4 to 5 years
Over 5 years
Total $433,570,039.54
708
100.00%
Weighted Average Days to Maturity
Sector Allocation
0.95% ABS
11.94%
Fed Agy Bond /
Note
10.45%
Corporate Note
0.77%
Cert of Deposit
0.15%
Federal Agency
Commercial
Mortgage-Backed
Security
7.05%
Commercial Paper
1.66%
Muni Bond / Note
1.29%
Supra-National
Agency Bond / Note 54.82%
US TSY Bond / Note
10.92%
CAMP Pool
Summary Page 1
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For the Month Ending March 31, 2023
Account Statement
Consolidated Summary Statement
CITY OF MODESTO
and Income
Closing Market
Value
Change in
Account Name Value Deposits Maturities Trades Value
Account
Number
Opening Market Purchases / Redemptions / Sales/ Unsettled Cash Dividends 57710050 CITY OF MODESTO 338,453,011.60 10,591,693.37 (9,137,435.18) 0.00 5,600,875.07 345,508,144.86 453,968.34 57710062 CITY OF MODESTO SHORT-TERM 40,541,140.74 0.00 0.00 0.00 158,864.86 40,700,005.60 0.00 Total $378,994,152.34 $10,591,693.37 ($9,137,435.18) $0.00 $5,759,739.93 $386,208,150.46 $453,968.34 Summary Page 2
#11..
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Managed Account Summary Statement For the Month Ending March 31, 2023 CITY OF MODESTO - 57710050
Total Cash Basis Earnings
Plus Net Realized Gains/Losses
Less Purchased Interest Related to Interest/Coupons
Interest/Dividends/Coupons Received
Earnings Reconciliation (Cash Basis) - Managed Account
Less Beginning Accrued Interest
Less Beginning Amortized Value of Securities
Less Cost of New Purchases
Plus Coupons/Dividends Received
Plus Proceeds of Maturities/Calls/Principal Payments
Plus Proceeds from Sales
Ending Accrued Interest
Ending Amortized Value of Securities
Earnings Reconciliation (Accrual Basis)
$338,453,011.60
(6,380,468.78)
(2,756,966.40)
10,591,693.37
0.00 5,600,875.07
$345,508,144.86
633,818.19
(49,888.41)
(129,961.44)
$453,968.34
Total
359,784,568.86
1,099,562.61
2,795,958.59
6,443,900.38
531,394.40
(10,641,581.78)
(358,174,068.29)
(1,267,784.08)
Total Accrual Basis Earnings $571,950.69
Closing Market Value
Change in Current Value
Unsettled Trades
Principal Acquisitions
Principal Dispositions
Maturities/Calls
Opening Market Value
Transaction Summary - Managed Account
_________________
_________________
_______________________________________________ _______________________________________________ Reconciling Transactions Net Cash Contribution
Security Purchases
Principal Payments
Coupon/Interest/Dividend Income
Sale Proceeds
Maturities/Calls
Cash Transactions Summary - Managed Account
6,148,431.60
2,795,958.59
531,394.40
295,468.78
(10,641,581.78)
(0.29)
0.00 Cash Balance
Closing Cash Balance $10,095.74
Account 57710050 Page 1
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Portfolio Summary and Statistics For the Month Ending March 31, 2023 CITY OF MODESTO - 57710050
Account Summary
Description Par Value Market Value Percent
U.S. Treasury Bond / Note 243,106,000.00 227,508,048.48 65.86 Supra-National Agency Bond / Note 5,885,000.00 5,610,692.90 1.62 Municipal Bond / Note 7,590,000.00 7,188,809.90 2.08
Federal Agency Commercial
Mortgage-Backed Security
684,568.23 669,165.44 0.19
Federal Agency Bond / Note 54,865,000.00 51,758,210.26 14.98 Corporate Note 47,260,000.00 45,298,331.03 13.11
Certificate of Deposit 3,355,000.00 3,353,121.20 0.97
Asset-Backed Security 4,284,101.28 4,121,765.65 1.19
Managed Account Sub-Total 367,029,669.51 345,508,144.86 100.00% Accrued Interest 1,099,562.61
Total Portfolio 367,029,669.51 346,607,707.47
Unsettled Trades 0.00 0.00
Sector Allocation
1.19%
ABS
0.97%
Cert of Deposit
13.11%
Corporate Note
14.98%
Fed Agy Bond /
Note
0.19%
Federal Agency
Commercial
Mortgage-Backed
Security
2.08%
Muni Bond / Note
1.62%
Supra-National
Agency Bond / Note
65.86%
US TSY Bond / Note
0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Over 5 Years
4.60%
12.99%
18.32%
36.25%
14.30% 13.54%
0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 879
2.01%
4.14%
Account 57710050 Page 2
#11..
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Managed Account Issuer Summary For the Month Ending March 31, 2023 CITY OF MODESTO - 57710050
Credit Quality (S&P Ratings)
2.95%
A
4.71%
A+
1.57%
A3.22%
AA
81.28%
AA+
1.58%
AA4.55%
AAA
0.14%
NR
Issuer Summary
Issuer of Holdings Percent
Market Value
AMAZON.COM INC 4,859,115.37 1.41
BANK OF AMERICA CO 1,942,550.10 0.56
BRISTOL-MYERS SQUIBB CO 2,036,250.91 0.59
CALIFORNIA DEPARTMENT OF WATER RESOURCES 93,391.00 0.03 CALIFORNIA STATE UNIVERSITY 564,000.00 0.16
CARMAX AUTO OWNER TRUST 1,008,096.60 0.29
DISCOVER FINANCIAL SERVICES 728,263.01 0.21
FANNIE MAE 35,933,221.18 10.40
FEDERAL FARM CREDIT BANKS 2,294,575.47 0.66
FEDERAL HOME LOAN BANKS 4,206,465.77 1.22
FLORIDA STATE BOARD OF ADMIN FIN CORP 1,676,880.00 0.49 FREDDIE MAC 9,993,113.28 2.89
HOME DEPOT INC 3,419,843.25 0.99
HONDA AUTO RECEIVABLES 494,409.19 0.14
HYUNDAI AUTO RECEIVABLES 820,808.84 0.24
INTER-AMERICAN DEVELOPMENT BANK 3,872,363.04 1.12
INTL BANK OF RECONSTRUCTION AND DEV 1,738,329.86 0.50
JP MORGAN CHASE & CO 3,492,479.94 1.01
LOS ANGELES COMMUNITY COLLEGE DISTRICT 850,648.50 0.25
MASTERCARD INC 4,119,396.48 1.19
MICROSOFT CORP 5,795,871.00 1.68
NEW JERSEY TURNPIKE AUTHORITY 455,611.00 0.13
NOVARTIS AG 2,174,643.54 0.63
PACCAR FINANCIAL CORP 1,721,358.87 0.50
PFIZER INC 3,384,164.75 0.98
STATE OF CALIFORNIA 2,278,861.20 0.66
STATE OF MARYLAND 590,153.20 0.17
TARGET CORP 337,459.29 0.10
THE BANK OF NEW YORK MELLON CORPORATION 3,094,033.64 0.90 TORONTO-DOMINION BANK 3,353,121.20 0.97
TOYOTA MOTOR CORP 3,282,252.12 0.95
UNITED STATES TREASURY 227,508,048.48 65.84
Account 57710050 Page 3
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Managed Account Issuer Summary For the Month Ending March 31, 2023 CITY OF MODESTO - 57710050
Issuer of Holdings Percent
Market Value
UNIVERSITY OF CALIFORNIA 679,265.00 0.20
US BANCORP 2,799,147.78 0.81
WAL-MART STORES INC 3,909,952.00 1.13
Total $345,508,144.86 100.00%
Account 57710050 Page 4
#11..
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Managed Account Detail of Securities Held For the Month Ending March 31, 2023 CITY OF MODESTO - 57710050
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
U.S. Treasury Bond / Note
US TREASURY NOTES
DTD 04/30/2018 2.750% 04/30/2023
9128284L1 2,650,000.00 AA+ Aaa 03/30/23 03/31/23 2,645,548.83 4.73 30,599.45 2,645,697.20 2,645,445.18
US TREASURY NOTES
DTD 10/01/2018 2.875% 09/30/2023
9128285D8 2,700,000.00 AA+ Aaa 05/01/19 05/02/19 2,769,820.31 2.26 212.09 2,707,882.94 2,676,375.00
US TREASURY NOTES
DTD 11/15/2020 0.250% 11/15/2023
91282CAW1 3,910,000.00 AA+ Aaa 04/29/21 04/30/21 3,909,389.06 0.26 3,699.38 3,909,850.06 3,801,864.26
US TREASURY NOTES
DTD 11/15/2013 2.750% 11/15/2023
912828WE6 8,790,000.00 AA+ Aaa 03/06/19 03/08/19 8,878,930.08 2.52 91,481.56 8,801,836.58 8,677,378.13
US TREASURY NOTES
DTD 11/30/2016 2.125% 11/30/2023
912828U57 3,275,000.00 AA+ Aaa 01/07/19 01/09/19 3,216,408.21 2.52 23,325.38 3,267,028.10 3,219,734.38
US TREASURY NOTES
DTD 12/15/2020 0.125% 12/15/2023
91282CBA8 4,430,000.00 AA+ Aaa 04/06/22 04/07/22 4,263,528.91 2.41 1,627.78 4,360,389.72 4,290,178.13
US TREASURY NOTES
DTD 12/31/2018 2.625% 12/31/2023
9128285U0 270,000.00 AA+ Aaa 01/30/19 01/31/19 270,801.56 2.56 1,781.66 270,122.36 265,907.83
US TREASURY NOTES
DTD 02/28/2019 2.375% 02/29/2024
9128286G0 457,000.00 AA+ Aaa 08/11/21 08/12/21 480,671.17 0.33 943.80 465,492.13 447,360.13
US TREASURY NOTES
DTD 02/28/2019 2.375% 02/29/2024
9128286G0 1,564,000.00 AA+ Aaa 08/11/21 08/12/21 1,644,582.66 0.35 3,230.00 1,592,909.35 1,531,009.30
US TREASURY NOTES
DTD 03/15/2021 0.250% 03/15/2024
91282CBR1 4,450,000.00 AA+ Aaa 04/06/22 04/07/22 4,262,960.94 2.49 513.93 4,357,801.37 4,268,523.66
US TREASURY N/B NOTES
DTD 04/15/2021 0.375% 04/15/2024
91282CBV2 4,890,000.00 AA+ Aaa 04/29/21 04/30/21 4,893,629.30 0.35 8,463.46 4,891,275.79 4,679,118.75
US TREASURY N/B NOTES
DTD 06/15/2021 0.250% 06/15/2024
91282CCG4 4,485,000.00 AA+ Aaa 04/06/22 04/07/22 4,262,852.34 2.59 3,295.98 4,362,541.10 4,263,553.13
US TREASURY NOTES
DTD 07/31/2017 2.125% 07/31/2024
9128282N9 2,450,000.00 AA+ Aaa 08/01/19 08/06/19 2,489,142.58 1.79 8,629.14 2,460,468.11 2,377,265.63
US TREASURY NOTES
DTD 08/31/2017 1.875% 08/31/2024
9128282U3 1,630,000.00 AA+ Aaa 09/04/19 09/05/19 1,672,214.45 1.34 2,657.61 1,642,001.69 1,574,478.13 Account 57710050 Page 5
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Managed Account Detail of Securities Held For the Month Ending March 31, 2023 CITY OF MODESTO - 57710050
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
U.S. Treasury Bond / Note
US TREASURY N/B NOTES
DTD 09/15/2021 0.375% 09/15/2024
91282CCX7 4,505,000.00 AA+ Aaa 04/06/22 04/07/22 4,264,440.04 2.65 780.42 4,361,257.33 4,255,817.19
US TREASURY NOTES
DTD 10/02/2017 2.125% 09/30/2024
9128282Y5 1,850,000.00 AA+ Aaa 10/01/19 10/03/19 1,905,283.20 1.50 107.41 1,866,609.21 1,791,320.22
US TREASURY NOTES
DTD 10/31/2017 2.250% 10/31/2024
9128283D0 460,000.00 AA+ Aaa 11/01/19 11/05/19 475,039.84 1.57 4,345.86 464,779.40 445,768.75
US TREASURY NOTES
DTD 11/30/2017 2.125% 11/30/2024
9128283J7 1,215,000.00 AA+ Aaa 12/02/19 12/04/19 1,239,964.45 1.69 8,653.54 1,223,339.74 1,173,803.97
US TREASURY NOTES
DTD 11/30/2017 2.125% 11/30/2024
9128283J7 3,450,000.00 AA+ Aaa 01/03/20 01/07/20 3,529,916.02 1.63 24,571.77 3,477,204.50 3,333,023.61
US TREASURY NOTES
DTD 11/30/2017 2.125% 11/30/2024
9128283J7 4,585,000.00 AA+ Aaa 04/29/21 04/30/21 4,848,816.60 0.50 32,655.53 4,707,644.51 4,429,540.07
US TREASURY N/B NOTES
DTD 12/15/2021 1.000% 12/15/2024
91282CDN8 4,445,000.00 AA+ Aaa 04/06/22 04/07/22 4,251,920.31 2.68 13,066.35 4,322,434.66 4,211,637.50
US TREASURY N/B NOTES
DTD 02/15/2022 1.500% 02/15/2025
91282CDZ1 4,400,000.00 AA+ Aaa 04/06/22 04/07/22 4,255,109.38 2.70 8,204.42 4,304,885.20 4,191,000.00
US TREASURY NOTES
DTD 04/30/2020 0.375% 04/30/2025
912828ZL7 4,945,000.00 AA+ Aaa 04/29/21 04/30/21 4,894,777.34 0.63 7,786.33 4,918,874.59 4,586,487.50
US TREASURY NOTES
DTD 07/02/2018 2.750% 06/30/2025
912828XZ8 4,230,000.00 AA+ Aaa 04/06/22 04/07/22 4,232,148.05 2.73 29,241.92 4,231,494.53 4,116,318.75
US TREASURY NOTES
DTD 08/31/2020 0.250% 08/31/2025
91282CAJ0 4,340,000.00 AA+ Aaa 08/02/21 08/06/21 4,291,514.06 0.53 943.48 4,311,189.04 3,975,847.09
US TREASURY NOTES
DTD 08/31/2020 0.250% 08/31/2025
91282CAJ0 4,635,000.00 AA+ Aaa 04/06/22 04/07/22 4,262,932.62 2.74 1,007.61 4,370,478.67 4,246,094.77
US TREASURY NOTES
DTD 09/30/2020 0.250% 09/30/2025
91282CAM3 1,100,000.00 AA+ Aaa 09/27/21 09/28/21 1,076,023.44 0.80 7.51 1,085,037.18 1,006,671.82
US TREASURY NOTES
DTD 09/30/2020 0.250% 09/30/2025
91282CAM3 4,550,000.00 AA+ Aaa 09/07/21 09/09/21 4,473,574.22 0.67 31.08 4,502,917.18 4,163,960.71 Account 57710050 Page 6
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Managed Account Detail of Securities Held For the Month Ending March 31, 2023 CITY OF MODESTO - 57710050
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
U.S. Treasury Bond / Note
US TREASURY NOTES
DTD 10/31/2020 0.250% 10/31/2025
91282CAT8 5,010,000.00 AA+ Aaa 04/29/21 04/30/21 4,894,339.45 0.77 5,259.12 4,943,627.02 4,566,928.13
US TREASURY NOTES
DTD 10/31/2020 0.250% 10/31/2025
91282CAT8 6,930,000.00 AA+ Aaa 10/04/21 10/06/21 6,783,278.91 0.78 7,274.58 6,836,793.60 6,317,128.12
US TREASURY NOTES
DTD 11/30/2020 0.375% 11/30/2025
91282CAZ4 4,250,000.00 AA+ Aaa 11/01/21 11/02/21 4,133,291.02 1.07 5,341.69 4,173,657.12 3,876,796.88
US TREASURY NOTES
DTD 11/30/2020 0.375% 11/30/2025
91282CAZ4 4,635,000.00 AA+ Aaa 04/06/22 04/07/22 4,254,785.16 2.75 5,825.58 4,357,183.61 4,227,989.06
US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 500,000.00 AA+ Aaa 02/02/21 02/04/21 498,613.28 0.43 471.34 499,221.86 455,625.00
US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 1,040,000.00 AA+ Aaa 01/07/21 01/08/21 1,035,978.13 0.45 980.39 1,037,776.69 947,700.00
US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 3,735,000.00 AA+ Aaa 04/05/21 04/07/21 3,646,439.65 0.89 3,520.90 3,683,523.34 3,403,518.75
US TREASURY NOTES
DTD 01/31/2021 0.375% 01/31/2026
91282CBH3 2,400,000.00 AA+ Aaa 07/02/21 07/07/21 2,353,875.00 0.80 1,491.71 2,371,368.78 2,178,750.00
US TREASURY NOTES
DTD 01/31/2021 0.375% 01/31/2026
91282CBH3 5,000,000.00 AA+ Aaa 02/17/22 02/18/22 4,719,531.25 1.85 3,107.74 4,798,637.82 4,539,062.50
US TREASURY NOTES
DTD 01/31/2021 0.375% 01/31/2026
91282CBH3 5,775,000.00 AA+ Aaa 01/04/22 01/06/22 5,570,167.97 1.27 3,589.43 5,632,196.51 5,242,617.19
US TREASURY NOTES
DTD 01/31/2021 0.375% 01/31/2026
91282CBH3 7,980,000.00 AA+ Aaa 05/03/22 05/04/22 7,256,812.50 2.95 4,959.95 7,432,322.92 7,244,343.75
US TREASURY NOTES
DTD 02/28/2019 2.500% 02/28/2026
9128286F2 3,210,000.00 AA+ Aaa 03/01/21 03/01/21 3,492,881.25 0.70 6,978.26 3,374,923.64 3,092,634.38
US TREASURY NOTES
DTD 02/28/2021 0.500% 02/28/2026
91282CBQ3 4,645,000.00 AA+ Aaa 04/06/22 04/07/22 4,259,973.05 2.76 2,019.56 4,357,109.15 4,221,143.75
US TREASURY NOTES
DTD 02/28/2021 0.500% 02/28/2026
91282CBQ3 6,000,000.00 AA+ Aaa 12/03/21 12/07/21 5,838,281.25 1.15 2,608.70 5,888,556.51 5,452,500.00 Account 57710050 Page 7
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Managed Account Detail of Securities Held For the Month Ending March 31, 2023 CITY OF MODESTO - 57710050
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
U.S. Treasury Bond / Note
US TREASURY N/B NOTES
DTD 03/31/2021 0.750% 03/31/2026
91282CBT7 2,480,000.00 AA+ Aaa 09/07/21 09/09/21 2,479,031.25 0.76 50.82 2,479,362.51 2,268,812.62
US TREASURY N/B NOTES
DTD 03/31/2021 0.750% 03/31/2026
91282CBT7 4,925,000.00 AA+ Aaa 04/29/21 04/30/21 4,896,719.73 0.87 100.92 4,907,757.85 4,505,605.72
US TREASURY N/B NOTES
DTD 05/31/2021 0.750% 05/31/2026
91282CCF6 1,405,000.00 AA+ Aaa 06/23/21 06/25/21 1,396,987.11 0.87 3,531.80 1,399,856.80 1,277,891.34
US TREASURY N/B NOTES
DTD 05/31/2021 0.750% 05/31/2026
91282CCF6 4,615,000.00 AA+ Aaa 04/06/22 04/07/22 4,253,551.76 2.76 11,600.89 4,339,201.87 4,197,486.48
US TREASURY N/B NOTES
DTD 05/31/2021 0.750% 05/31/2026
91282CCF6 4,800,000.00 AA+ Aaa 06/06/22 06/08/22 4,399,125.00 2.99 12,065.94 4,481,065.73 4,365,749.76
US TREASURY N/B NOTES
DTD 08/31/2021 0.750% 08/31/2026
91282CCW9 4,640,000.00 AA+ Aaa 04/06/22 04/07/22 4,258,106.25 2.75 3,026.09 4,343,420.41 4,193,400.00
US TREASURY N/B NOTES
DTD 09/30/2021 0.875% 09/30/2026
91282CCZ2 4,310,000.00 AA+ Aaa 04/05/22 04/07/22 3,968,398.83 2.77 103.04 4,043,313.20 3,903,243.75
US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
912828U24 4,545,000.00 AA+ Aaa 06/06/22 06/08/22 4,355,920.90 3.01 34,401.38 4,390,564.02 4,273,720.31
US TREASURY NOTES
DTD 02/15/2017 2.250% 02/15/2027
912828V98 9,220,000.00 AA+ Aaa 07/05/22 07/07/22 8,981,576.56 2.85 25,787.98 9,019,520.43 8,734,509.84
US TREASURY N/B NOTES
DTD 03/31/2022 2.500% 03/31/2027
91282CEF4 910,000.00 AA+ Aaa 11/29/22 11/30/22 854,973.44 4.03 62.16 859,216.95 869,050.00
US TREASURY N/B NOTES
DTD 04/30/2020 0.500% 04/30/2027
912828ZN3 6,480,000.00 AA+ Aaa 08/03/22 08/05/22 5,791,500.00 2.92 13,604.42 5,886,671.49 5,705,437.82
US TREASURY NOTES
DTD 06/30/2020 0.500% 06/30/2027
912828ZV5 5,545,000.00 AA+ Aaa 08/09/22 08/10/22 4,920,754.30 2.99 6,969.54 5,002,588.19 4,856,206.75
US TREASURY NOTES
DTD 08/15/2017 2.250% 08/15/2027
9128282R0 1,200,000.00 AA+ Aaa 08/29/22 08/31/22 1,142,625.00 3.30 3,356.35 1,149,376.86 1,131,937.44
US TREASURY NOTES
DTD 08/15/2017 2.250% 08/15/2027
9128282R0 2,985,000.00 AA+ Aaa 09/01/22 09/06/22 2,830,036.52 3.40 8,348.93 2,847,817.81 2,815,694.38 Account 57710050 Page 8
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Managed Account Detail of Securities Held For the Month Ending March 31, 2023 CITY OF MODESTO - 57710050
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
U.S. Treasury Bond / Note
US TREASURY N/B NOTES
DTD 09/30/2022 4.125% 09/30/2027
91282CFM8 5,380,000.00 AA+ Aaa 11/01/22 11/03/22 5,344,903.91 4.27 606.35 5,347,822.06 5,481,715.36
US TREASURY N/B NOTES
DTD 10/31/2022 4.125% 10/31/2027
91282CFU0 2,715,000.00 AA+ Aaa 12/06/22 12/08/22 2,752,755.47 3.81 47,025.00 2,750,348.24 2,767,603.13
US TREASURY N/B NOTES
DTD 10/31/2022 4.125% 10/31/2027
91282CFU0 3,160,000.00 AA+ Aaa 12/13/22 12/14/22 3,229,495.31 3.63 54,732.60 3,225,283.47 3,221,225.00
US TREASURY NOTES
DTD 10/31/2020 0.500% 10/31/2027
91282CAU5 8,775,000.00 AA+ Aaa 01/04/23 01/06/23 7,472,803.71 3.91 18,422.65 7,535,729.63 7,613,683.16
US TREASURY NOTES
DTD 01/31/2021 0.750% 01/31/2028
91282CBJ9 3,450,000.00 AA+ Aaa 01/31/23 01/31/23 2,994,761.72 3.66 4,288.67 3,009,720.26 3,012,820.14
US TREASURY N/B NOTES
DTD 02/28/2023 4.000% 02/29/2028
91282CGP0 2,825,000.00 AA+ Aaa 03/03/23 03/07/23 2,793,660.16 4.25 9,826.09 2,794,090.65 2,876,203.13
US TREASURY N/B NOTES
DTD 02/28/2023 4.000% 02/29/2028
91282CGP0 2,970,000.00 AA+ Aaa 03/03/23 03/06/23 2,931,134.77 4.29 10,330.43 2,931,689.68 3,023,831.25 Security Type Sub-Total 243,106,000.00 234,449,009.54 2.23 633,535.45 236,014,758.92 227,508,048.48 Supra-National Agency Bond / Note
INTL BK RECON & DEVELOP NOTES
DTD 11/24/2020 0.250% 11/24/2023
459058JM6 1,790,000.00 AAA Aaa 11/17/20 11/24/20 1,786,151.50 0.32 1,578.68 1,789,167.04 1,738,329.86
INTER-AMERICAN DEVEL BK NOTES
DTD 09/23/2021 0.500% 09/23/2024
4581X0DZ8 4,095,000.00 AAA Aaa 09/15/21 09/23/21 4,091,969.70 0.52 455.00 4,093,504.20 3,872,363.04 Security Type Sub-Total 5,885,000.00 5,878,121.20 0.46 2,033.68 5,882,671.24 5,610,692.90 Municipal Bond / Note
CA ST TXBL GO BONDS
DTD 10/24/2019 2.400% 10/01/2023
13063DRJ9 2,310,000.00 AA- Aa2 10/16/19 10/24/19 2,356,223.10 1.87 27,720.00 2,315,882.36 2,278,861.20
MD ST TXBL GO BONDS
DTD 08/05/2020 0.510% 08/01/2024
574193TQ1 620,000.00 AAA Aaa 07/23/20 08/05/20 619,826.40 0.52 527.00 619,941.86 590,153.20 Account 57710050 Page 9
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Managed Account Detail of Securities Held For the Month Ending March 31, 2023 CITY OF MODESTO - 57710050
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Municipal Bond / Note
CA ST UNIV TXBL REV BONDS
DTD 09/17/2020 0.685% 11/01/2024
13077DMK5 600,000.00 AA- Aa2 08/27/20 09/17/20 600,000.00 0.69 1,712.50 600,000.00 564,000.00
CA ST DEPT WTR RES WTR SYS TXBL REV
BNDS
DTD 08/06/2020 0.560% 12/01/2024
13067WRB0 100,000.00 AAA Aa1 07/30/20 08/06/20 100,000.00 0.56 186.67 100,000.00 93,391.00
UNIV OF CAL TXBL REV BONDS
DTD 07/16/2020 0.883% 05/15/2025
91412HGE7 220,000.00 AA Aa2 07/14/20 07/16/20 220,796.40 0.81 733.87 220,342.17 204,710.00
UNIV OF CAL TXBL REV BONDS
DTD 07/16/2020 0.883% 05/15/2025
91412HGE7 510,000.00 AA Aa2 07/10/20 07/16/20 510,000.00 0.88 1,701.25 510,000.00 474,555.00
FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 505,000.00 AA Aa3 09/03/20 09/16/20 508,570.35 1.11 1,588.23 506,678.00 470,458.00
FL ST BOARD OF ADMIN TXBL REV BONDS
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 1,295,000.00 AA Aa3 09/03/20 09/16/20 1,295,000.00 1.26 4,072.77 1,295,000.00 1,206,422.00
LOS ANGELES CCD, CA TXBL GO BONDS
DTD 11/10/2020 0.773% 08/01/2025
54438CYK2 925,000.00 AA+ Aaa 10/30/20 11/10/20 925,000.00 0.77 1,191.71 925,000.00 850,648.50
NJ TURNPIKE AUTHORITY TXBL REV BONDS
DTD 02/04/2021 1.047% 01/01/2026
646140DP5 505,000.00 AA- A1 01/22/21 02/04/21 505,000.00 1.05 1,321.84 505,000.00 455,611.00 Security Type Sub-Total 7,590,000.00 7,640,416.25 1.22 40,755.84 7,597,844.39 7,188,809.90 Federal Agency Commercial Mortgage-Backed Security
FANNIEMAE-ACES
DTD 04/01/2014 3.346% 03/01/2024
3136AJB54 684,568.23 AA+ Aaa 12/13/19 12/18/19 717,833.97 2.14 1,908.80 691,828.18 669,165.44 Security Type Sub-Total 684,568.23 717,833.97 2.14 1,908.80 691,828.18 669,165.44 Federal Agency Bond / Note
FREDDIE MAC NOTES
DTD 08/21/2020 0.250% 08/24/2023
3137EAEV7 2,200,000.00 AA+ Aaa 08/19/20 08/21/20 2,197,756.00 0.28 565.28 2,199,703.66 2,160,318.60
FANNIE MAE NOTES
DTD 09/14/2018 2.875% 09/12/2023
3135G0U43 955,000.00 AA+ Aaa 11/07/18 11/09/18 943,425.40 3.15 1,449.08 953,926.34 946,379.22 Account 57710050 Page 10
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Managed Account Detail of Securities Held For the Month Ending March 31, 2023 CITY OF MODESTO - 57710050
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Federal Agency Bond / Note
FANNIE MAE NOTES
DTD 09/14/2018 2.875% 09/12/2023
3135G0U43 5,665,000.00 AA+ Aaa 12/03/18 12/06/18 5,653,556.70 2.92 8,595.85 5,663,922.06 5,613,862.04
FEDERAL FARM CREDIT BANK (CALLABLE)
DTD 09/21/2020 0.250% 09/21/2023
3133EMAM4 2,345,000.00 AA+ Aaa 10/07/20 10/09/20 2,341,013.50 0.31 162.85 2,344,359.64 2,294,575.47
FANNIE MAE NOTES
DTD 11/25/2020 0.250% 11/27/2023
3135G06H1 900,000.00 AA+ Aaa 01/25/21 01/26/21 901,368.00 0.20 775.00 900,317.22 873,511.20
FREDDIE MAC NOTES
DTD 12/04/2020 0.250% 12/04/2023
3137EAFA2 2,015,000.00 AA+ Aaa 12/02/20 12/04/20 2,013,005.15 0.28 1,637.19 2,014,550.02 1,954,076.48
FEDERAL HOME LOAN BANKS NOTES
DTD 12/09/2013 3.375% 12/08/2023
3130A0F70 2,025,000.00 AA+ Aaa 01/30/19 01/31/19 2,084,684.63 2.72 21,452.34 2,033,454.20 2,004,541.43
FANNIE MAE NOTES
DTD 01/10/2020 1.625% 01/07/2025
3135G0X24 3,500,000.00 AA+ Aaa 03/04/20 03/05/20 3,628,135.00 0.85 13,270.83 3,546,864.53 3,346,227.50
FREDDIE MAC NOTES
DTD 02/14/2020 1.500% 02/12/2025
3137EAEP0 640,000.00 AA+ Aaa 02/27/20 02/28/20 649,676.80 1.18 1,306.67 643,649.51 609,416.96
FEDERAL HOME LOAN BANK NOTES
DTD 04/16/2020 0.500% 04/14/2025
3130AJHU6 2,370,000.00 AA+ Aaa 04/15/20 04/16/20 2,358,244.80 0.60 5,497.08 2,365,205.12 2,201,924.34
FANNIE MAE NOTES
DTD 04/24/2020 0.625% 04/22/2025
3135G03U5 475,000.00 AA+ Aaa 04/29/20 04/30/20 475,731.50 0.59 1,311.20 475,302.58 442,205.05
FANNIE MAE NOTES
DTD 04/24/2020 0.625% 04/22/2025
3135G03U5 1,910,000.00 AA+ Aaa 06/03/20 06/05/20 1,919,779.20 0.52 5,272.40 1,914,126.80 1,778,129.78
FANNIE MAE NOTES
DTD 04/24/2020 0.625% 04/22/2025
3135G03U5 3,195,000.00 AA+ Aaa 04/22/20 04/24/20 3,188,418.30 0.67 8,819.53 3,192,286.49 2,974,410.81
FANNIE MAE NOTES
DTD 04/24/2020 0.625% 04/22/2025
3135G03U5 3,345,000.00 AA+ Aaa 05/01/20 05/04/20 3,347,475.30 0.61 9,233.59 3,346,026.14 3,114,054.51
FANNIE MAE NOTES
DTD 06/19/2020 0.500% 06/17/2025
3135G04Z3 200,000.00 AA+ Aaa 09/17/20 09/18/20 200,712.00 0.42 288.89 200,331.97 184,886.40
FANNIE MAE NOTES
DTD 06/19/2020 0.500% 06/17/2025
3135G04Z3 1,075,000.00 AA+ Aaa 10/01/20 10/05/20 1,080,041.75 0.40 1,552.78 1,077,373.97 993,764.40 Account 57710050 Page 11
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Managed Account Detail of Securities Held For the Month Ending March 31, 2023 CITY OF MODESTO - 57710050
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Federal Agency Bond / Note
FANNIE MAE NOTES
DTD 06/19/2020 0.500% 06/17/2025
3135G04Z3 1,190,000.00 AA+ Aaa 01/04/21 01/05/21 1,197,223.30 0.36 1,718.89 1,193,593.86 1,100,074.08
FANNIE MAE NOTES
DTD 06/19/2020 0.500% 06/17/2025
3135G04Z3 3,675,000.00 AA+ Aaa 06/17/20 06/19/20 3,667,392.75 0.54 5,308.33 3,671,630.12 3,397,287.60
FANNIE MAE NOTES
DTD 06/19/2020 0.500% 06/17/2025
3135G04Z3 3,820,000.00 AA+ Aaa 10/02/20 10/05/20 3,836,311.40 0.41 5,517.78 3,827,680.43 3,531,330.24
FREDDIE MAC NOTES
DTD 07/23/2020 0.375% 07/21/2025
3137EAEU9 2,220,000.00 AA+ Aaa 07/21/20 07/23/20 2,208,944.40 0.48 1,618.75 2,214,896.48 2,040,735.00
FANNIE MAE NOTES
DTD 08/27/2020 0.375% 08/25/2025
3135G05X7 450,000.00 AA+ Aaa 10/22/20 10/23/20 447,480.00 0.49 168.75 448,749.27 412,434.90
FANNIE MAE NOTES
DTD 08/27/2020 0.375% 08/25/2025
3135G05X7 550,000.00 AA+ Aaa 10/15/20 10/16/20 548,289.50 0.44 206.25 549,154.39 504,087.10
FANNIE MAE NOTES
DTD 08/27/2020 0.375% 08/25/2025
3135G05X7 2,360,000.00 AA+ Aaa 08/25/20 08/27/20 2,348,955.20 0.47 885.00 2,354,689.53 2,162,991.92
FREDDIE MAC NOTES
DTD 09/25/2020 0.375% 09/23/2025
3137EAEX3 130,000.00 AA+ Aaa 09/29/20 09/30/20 129,829.70 0.40 10.83 129,915.18 118,899.04
FREDDIE MAC NOTES
DTD 09/25/2020 0.375% 09/23/2025
3137EAEX3 3,400,000.00 AA+ Aaa 09/23/20 09/25/20 3,389,766.00 0.44 283.34 3,394,916.66 3,109,667.20
FANNIE MAE NOTES
DTD 11/12/2020 0.500% 11/07/2025
3135G06G3 2,040,000.00 AA+ Aaa 11/19/20 11/24/20 2,039,224.80 0.51 4,080.00 2,039,592.47 1,864,247.88
FANNIE MAE NOTES
DTD 11/12/2020 0.500% 11/07/2025
3135G06G3 2,215,000.00 AA+ Aaa 11/09/20 11/12/20 2,207,070.30 0.57 4,430.00 2,210,858.79 2,024,171.11 Security Type Sub-Total 54,865,000.00 55,003,511.38 0.91 105,418.48 54,907,077.43 51,758,210.26 Corporate Note
TOYOTA MOTOR CREDIT CORP CORP
NOTES
DTD 09/20/2018 3.450% 09/20/2023
89236TFN0 2,230,000.00 A+ A1 11/13/18 11/15/18 2,210,175.30 3.65 2,350.79 2,228,073.53 2,212,064.11 Account 57710050 Page 12
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Managed Account Detail of Securities Held For the Month Ending March 31, 2023 CITY OF MODESTO - 57710050
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Corporate Note
US BANK NA CINCINNATI CORP NOTES
(CALLAB
DTD 02/04/2019 3.375% 02/05/2024
91159HHV5 2,860,000.00 A+ A2 07/19/19 07/23/19 2,995,535.40 2.27 15,015.00 2,883,241.78 2,799,147.78
PFIZER INC CORP NOTES
DTD 03/11/2019 2.950% 03/15/2024
717081ES8 3,445,000.00 A+ A1 04/02/19 04/04/19 3,486,374.45 2.69 4,516.78 3,452,446.47 3,384,164.75 AMAZON.COM INC CORPORATE NOTES
DTD 05/12/2021 0.450% 05/12/2024
023135BW5 1,590,000.00 AA A1 05/10/21 05/12/21 1,587,678.60 0.50 2,762.63 1,589,137.95 1,521,900.30
JP MORGAN CHASE BANK CORP NOTE
DTD 05/13/2014 3.625% 05/13/2024
46625HJX9 1,320,000.00 A- A1 09/22/20 09/24/20 1,461,028.80 0.65 18,342.50 1,363,360.78 1,301,518.68
WALMART INC CORPORATE NOTES
DTD 04/23/2019 2.850% 07/08/2024
931142EL3 4,000,000.00 AA Aa2 07/10/19 07/12/19 4,124,840.00 2.19 26,283.33 4,030,217.82 3,909,952.00
JPMORGAN CHASE & CO CORPORATE
NOTES (CAL
DTD 09/16/2020 0.653% 09/16/2024
46647PBS4 1,405,000.00 A- A1 09/09/20 09/16/20 1,405,000.00 0.65 382.28 1,405,000.00 1,371,001.81
PACCAR FINANCIAL CORP CORPORATE
NOTES
DTD 02/06/2020 1.800% 02/06/2025
69371RQ66 1,810,000.00 A+ A1 05/11/20 05/13/20 1,839,014.30 1.45 4,977.50 1,821,354.15 1,721,358.87
NOVARTIS CAPITAL CORP
DTD 02/14/2020 1.750% 02/14/2025
66989HAP3 2,290,000.00 AA- A1 05/07/20 05/11/20 2,378,050.50 0.92 5,232.01 2,323,695.16 2,174,643.54
MASTERCARD INC CORP NOTES (CALLABLE)
DTD 12/03/2019 2.000% 03/03/2025
57636QAN4 1,760,000.00 A+ Aa3 05/04/20 05/06/20 1,836,225.60 1.08 2,737.78 1,789,628.64 1,681,877.12 AMAZON.COM INC CORPORATE NOTES
DTD 04/13/2022 3.000% 04/13/2025
023135CE4 3,430,000.00 AA A1 04/11/22 04/13/22 3,424,546.30 3.06 48,020.00 3,426,302.83 3,337,215.07
JPMORGAN CHASE & CO (CALLABLE) CORP
NOTE
DTD 06/01/2021 0.824% 06/01/2025
46647PCH7 865,000.00 A- A1 05/24/21 06/01/21 865,000.00 0.82 2,375.87 865,000.00 819,959.45
BRISTOL-MYERS SQUIBB CO CORPORATE
NOTES
DTD 11/13/2020 0.750% 11/13/2025
110122DN5 2,230,000.00 A+ A2 06/23/21 06/25/21 2,210,888.90 0.95 6,411.25 2,218,583.44 2,036,250.91 Account 57710050 Page 13
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Managed Account Detail of Securities Held For the Month Ending March 31, 2023 CITY OF MODESTO - 57710050
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Corporate Note
BANK OF NY MELLON CORP (CALLABLE)
CORPOR
DTD 01/28/2021 0.750% 01/28/2026
06406RAQ0 3,465,000.00 A A1 02/02/21 02/04/21 3,465,831.60 0.75 4,547.81 3,465,466.03 3,094,033.64
BANK OF AMERICA CORP NOTES
(CALLABLE)
DTD 03/22/2022 3.384% 04/02/2026
06051GKM0 2,025,000.00 A- A2 03/17/22 03/22/22 2,025,000.00 3.38 34,072.65 2,025,000.00 1,942,550.10
MICROSOFT CORP (CALLABLE) NOTES
DTD 08/08/2016 2.400% 08/08/2026
594918BR4 3,000,000.00 AAA Aaa 02/23/22 02/25/22 3,033,150.00 2.14 10,600.00 3,024,500.29 2,852,109.00
MASTERCARD INC CORP NOTES (CALLABLE)
DTD 11/21/2016 2.950% 11/21/2026
57636QAG9 2,560,000.00 A+ Aa3 12/20/22 12/22/22 2,434,099.20 4.33 27,271.11 2,442,903.45 2,437,519.36
TARGET CORP CORP NOTES (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
87612EBM7 365,000.00 A A2 01/19/22 01/24/22 364,379.50 1.99 1,502.58 364,527.03 337,459.29
MICROSOFT CORP CORP NOTES (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
594918BY9 3,000,000.00 AAA Aaa 12/14/22 12/16/22 2,914,170.00 4.06 15,125.00 2,920,183.21 2,943,762.00
HOME DEPOT INC CORP NOTES (CALLABLE)
DTD 09/14/2017 2.800% 09/14/2027
437076BT8 3,610,000.00 A A2 01/26/23 01/30/23 3,405,674.00 4.16 4,773.22 3,413,057.82 3,419,843.25 Security Type Sub-Total 47,260,000.00 47,466,662.45 2.34 237,300.09 47,051,680.38 45,298,331.03 Certificate of Deposit
TORONTO DOMINION BANK NY CERT
DEPOS
DTD 10/31/2022 5.470% 10/25/2024
89115B6F2 3,355,000.00 A A1 10/27/22 10/31/22 3,355,000.00 5.44 77,485.59 3,355,000.00 3,353,121.20 Security Type Sub-Total 3,355,000.00 3,355,000.00 5.44 77,485.59 3,355,000.00 3,353,121.20 Asset-Backed Security
HAROT 2020-1 A3
DTD 02/26/2020 1.610% 04/22/2024
43813RAC1 147,601.24 NR Aaa 02/19/20 02/26/20 147,572.30 1.61 66.01 147,593.86 146,937.21 TAOT 2020-A A3
DTD 02/12/2020 1.660% 05/15/2024
89232HAC9 131,984.03 AAA Aaa 02/04/20 02/12/20 131,974.50 1.66 97.37 131,981.52 131,570.47 Account 57710050 Page 14
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Managed Account Detail of Securities Held For the Month Ending March 31, 2023 CITY OF MODESTO - 57710050
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
Asset-Backed Security
CARMX 2020-1 A3
DTD 01/22/2020 1.890% 12/16/2024
14315XAC2 177,107.98 AAA NR 01/14/20 01/22/20 177,073.23 1.89 148.77 177,095.85 175,583.68 HAROT 2021-1 A3
DTD 02/24/2021 0.270% 04/21/2025
43813GAC5 357,041.33 NR Aaa 02/17/21 02/24/21 357,034.79 0.27 26.78 357,038.09 347,471.98 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
44933LAC7 388,474.71 AAA NR 04/20/21 04/28/21 388,433.85 0.38 65.61 388,451.79 376,883.48 CARMX 2021-1 A3
DTD 01/27/2021 0.340% 12/15/2025
14316NAC3 238,270.00 AAA NR 01/20/21 01/27/21 238,222.91 0.34 36.01 238,243.88 230,430.27 TAOT 2021-C A3
DTD 09/27/2021 0.430% 01/15/2026
89239BAC5 980,000.00 AAA Aaa 09/21/21 09/27/21 979,921.89 0.43 187.29 979,949.29 938,617.54 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 623,621.99 AAA NR 04/13/21 04/21/21 623,487.60 0.52 144.13 623,541.72 602,082.65 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 465,000.00 AAA NR 11/09/21 11/17/21 464,896.21 0.75 152.93 464,927.85 443,925.36 DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
254683CP8 775,000.00 AAA Aaa 09/20/21 09/27/21 774,834.07 0.58 199.78 774,884.47 728,263.01 Security Type Sub-Total 4,284,101.28 4,283,451.35 0.63 1,124.68 4,283,708.32 4,121,765.65 Managed Account Sub-Total 367,029,669.51 358,794,006.14 2.01 1,099,562.61 359,784,568.86 345,508,144.86 $367,029,669.51 $358,794,006.14 2.01% $1,099,562.61 $359,784,568.86 $345,508,144.86 $346,607,707.47
$1,099,562.61
Total Investments
Accrued Interest
Securities Sub-Total
Account 57710050 Page 15
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Managed Account Fair Market Value & Analytics For the Month Ending March 31, 2023 CITY OF MODESTO - 57710050
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY NOTES 9128284L1 2,650,000.00 CITIGRP 99.83 2,645,445.18 (103.65) (252.02) DTD 04/30/2018 2.750% 04/30/2023
0.08 4.78
US TREASURY NOTES 9128285D8 2,700,000.00 TD 99.13 2,676,375.00 (93,445.31) (31,507.94) DTD 10/01/2018 2.875% 09/30/2023
0.50 4.67
US TREASURY NOTES 91282CAW1 3,910,000.00 MERRILL 97.23 3,801,864.26 (107,524.80) (107,985.80) DTD 11/15/2020 0.250% 11/15/2023
0.62 4.80
US TREASURY NOTES 912828WE6 8,790,000.00 TD 98.72 8,677,378.13 (201,551.95) (124,458.45) DTD 11/15/2013 2.750% 11/15/2023
0.62 4.85
US TREASURY NOTES 912828U57 3,275,000.00 BNP_PARI 98.31 3,219,734.38 3,326.17 (47,293.72) DTD 11/30/2016 2.125% 11/30/2023
0.66 4.72
US TREASURY NOTES 91282CBA8 4,430,000.00 NOMURA 96.84 4,290,178.13 26,649.22 (70,211.59) DTD 12/15/2020 0.125% 12/15/2023
0.71 4.70
US TREASURY NOTES 9128285U0 270,000.00 MERRILL 98.48 265,907.83 (4,893.73) (4,214.53) DTD 12/31/2018 2.625% 12/31/2023
0.75 4.70
US TREASURY NOTES 9128286G0 457,000.00 WELLS_F 97.89 447,360.13 (33,311.04) (18,132.00) DTD 02/28/2019 2.375% 02/29/2024
0.91 4.75
US TREASURY NOTES 9128286G0 1,564,000.00 WELLS_F 97.89 1,531,009.30 (113,573.36) (61,900.05) DTD 02/28/2019 2.375% 02/29/2024
0.91 4.75
US TREASURY NOTES 91282CBR1 4,450,000.00 RBS 95.92 4,268,523.66 5,562.72 (89,277.71) DTD 03/15/2021 0.250% 03/15/2024
0.96 4.66
US TREASURY N/B NOTES 91282CBV2 4,890,000.00 BARCLAY 95.69 4,679,118.75 (214,510.55) (212,157.04) DTD 04/15/2021 0.375% 04/15/2024
1.04 4.67
US TREASURY N/B NOTES 91282CCG4 4,485,000.00 NOMURA 95.06 4,263,553.13 700.79 (98,987.97) DTD 06/15/2021 0.250% 06/15/2024
1.21 4.49
US TREASURY NOTES 9128282N9 2,450,000.00 TD 97.03 2,377,265.63 (111,876.95) (83,202.48) DTD 07/31/2017 2.125% 07/31/2024
1.32 4.43
US TREASURY NOTES 9128282U3 1,630,000.00 MERRILL 96.59 1,574,478.13 (97,736.32) (67,523.56) DTD 08/31/2017 1.875% 08/31/2024
1.40 4.38
US TREASURY N/B NOTES 91282CCX7 4,505,000.00 BARCLAY 94.47 4,255,817.19 (8,622.85) (105,440.14) DTD 09/15/2021 0.375% 09/15/2024
1.45 4.33
US TREASURY NOTES 9128282Y5 1,850,000.00 HSBC 96.83 1,791,320.22 (113,962.98) (75,288.99) DTD 10/02/2017 2.125% 09/30/2024
1.48 4.33
US TREASURY NOTES 9128283D0 460,000.00 MORGAN_S 96.91 445,768.75 (29,271.09) (19,010.65) DTD 10/31/2017 2.250% 10/31/2024
1.55 4.29
Account 57710050 Page 16
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Managed Account Fair Market Value & Analytics For the Month Ending March 31, 2023 CITY OF MODESTO - 57710050
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY NOTES 9128283J7 1,215,000.00 NOMURA 96.61 1,173,803.97 (66,160.48) (49,535.77) DTD 11/30/2017 2.125% 11/30/2024
1.64 4.25
US TREASURY NOTES 9128283J7 3,450,000.00 RBS 96.61 3,333,023.61 (196,892.41) (144,180.89) DTD 11/30/2017 2.125% 11/30/2024
1.64 4.25
US TREASURY NOTES 9128283J7 4,585,000.00 HSBC 96.61 4,429,540.07 (419,276.53) (278,104.44) DTD 11/30/2017 2.125% 11/30/2024
1.64 4.25
US TREASURY N/B NOTES 91282CDN8 4,445,000.00 BNP_PAR 94.75 4,211,637.50 (40,282.81) (110,797.16) DTD 12/15/2021 1.000% 12/15/2024
1.69 4.22
US TREASURY N/B NOTES 91282CDZ1 4,400,000.00 RBS 95.25 4,191,000.00 (64,109.38) (113,885.20) DTD 02/15/2022 1.500% 02/15/2025
1.86 4.15
US TREASURY NOTES 912828ZL7 4,945,000.00 JPM_CHA 92.75 4,586,487.50 (308,289.84) (332,387.09) DTD 04/30/2020 0.375% 04/30/2025
2.07 4.04
US TREASURY NOTES 912828XZ8 4,230,000.00 BARCLAY 97.31 4,116,318.75 (115,829.30) (115,175.78) DTD 07/02/2018 2.750% 06/30/2025
2.20 4.01
US TREASURY NOTES 91282CAJ0 4,340,000.00 WELLS_F 91.61 3,975,847.09 (315,666.97) (335,341.95) DTD 08/31/2020 0.250% 08/31/2025
2.41 3.92
US TREASURY NOTES 91282CAJ0 4,635,000.00 BNP_PAR 91.61 4,246,094.77 (16,837.85) (124,383.90) DTD 08/31/2020 0.250% 08/31/2025
2.41 3.92
US TREASURY NOTES 91282CAM3 1,100,000.00 BNP_PAR 91.52 1,006,671.82 (69,351.62) (78,365.36) DTD 09/30/2020 0.250% 09/30/2025
2.49 3.84
US TREASURY NOTES 91282CAM3 4,550,000.00 HSBC 91.52 4,163,960.71 (309,613.51) (338,956.47) DTD 09/30/2020 0.250% 09/30/2025
2.49 3.84
US TREASURY NOTES 91282CAT8 5,010,000.00 HSBC 91.16 4,566,928.13 (327,411.32) (376,698.89) DTD 10/31/2020 0.250% 10/31/2025
2.57 3.88
US TREASURY NOTES 91282CAT8 6,930,000.00 TD 91.16 6,317,128.12 (466,150.79) (519,665.48) DTD 10/31/2020 0.250% 10/31/2025
2.57 3.88
US TREASURY NOTES 91282CAZ4 4,250,000.00 WELLS_F 91.22 3,876,796.88 (256,494.14) (296,860.24) DTD 11/30/2020 0.375% 11/30/2025
2.65 3.87
US TREASURY NOTES 91282CAZ4 4,635,000.00 WELLS_F 91.22 4,227,989.06 (26,796.10) (129,194.55) DTD 11/30/2020 0.375% 11/30/2025
2.65 3.87
US TREASURY NOTES 91282CBC4 500,000.00 HSBC 91.13 455,625.00 (42,988.28) (43,596.86) DTD 12/31/2020 0.375% 12/31/2025
2.74 3.80
US TREASURY NOTES 91282CBC4 1,040,000.00 CITIGRP 91.13 947,700.00 (88,278.13) (90,076.69) DTD 12/31/2020 0.375% 12/31/2025
2.74 3.80
Account 57710050 Page 17
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Managed Account Fair Market Value & Analytics For the Month Ending March 31, 2023 CITY OF MODESTO - 57710050
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY NOTES 91282CBC4 3,735,000.00 JPM_CHA 91.13 3,403,518.75 (242,920.90) (280,004.59) DTD 12/31/2020 0.375% 12/31/2025
2.74 3.80
US TREASURY NOTES 91282CBH3 2,400,000.00 BNP_PAR 90.78 2,178,750.00 (175,125.00) (192,618.78) DTD 01/31/2021 0.375% 01/31/2026
2.82 3.84
US TREASURY NOTES 91282CBH3 5,000,000.00 NOMURA 90.78 4,539,062.50 (180,468.75) (259,575.32) DTD 01/31/2021 0.375% 01/31/2026
2.82 3.84
US TREASURY NOTES 91282CBH3 5,775,000.00 MORGAN_ 90.78 5,242,617.19 (327,550.78) (389,579.32) DTD 01/31/2021 0.375% 01/31/2026
2.82 3.84
US TREASURY NOTES 91282CBH3 7,980,000.00 JPM_CHA 90.78 7,244,343.75 (12,468.75) (187,979.17) DTD 01/31/2021 0.375% 01/31/2026
2.82 3.84
US TREASURY NOTES 9128286F2 3,210,000.00 GOLDMAN 96.34 3,092,634.38 (400,246.87) (282,289.26) DTD 02/28/2019 2.500% 02/28/2026
2.82 3.84
US TREASURY NOTES 91282CBQ3 4,645,000.00 NOMURA 90.88 4,221,143.75 (38,829.30) (135,965.40) DTD 02/28/2021 0.500% 02/28/2026
2.90 3.84
US TREASURY NOTES 91282CBQ3 6,000,000.00 WELLS_F 90.88 5,452,500.00 (385,781.25) (436,056.51) DTD 02/28/2021 0.500% 02/28/2026
2.90 3.84
US TREASURY N/B NOTES 91282CBT7 2,480,000.00 WELLS_F 91.48 2,268,812.62 (210,218.63) (210,549.89) DTD 03/31/2021 0.750% 03/31/2026
2.97 3.78
US TREASURY N/B NOTES 91282CBT7 4,925,000.00 MORGAN_ 91.48 4,505,605.72 (391,114.01) (402,152.13) DTD 03/31/2021 0.750% 03/31/2026
2.97 3.78
US TREASURY N/B NOTES 91282CCF6 1,405,000.00 MERRILL 90.95 1,277,891.34 (119,095.77) (121,965.46) DTD 05/31/2021 0.750% 05/31/2026
3.13 3.81
US TREASURY N/B NOTES 91282CCF6 4,615,000.00 NOMURA 90.95 4,197,486.48 (56,065.28) (141,715.39) DTD 05/31/2021 0.750% 05/31/2026
3.13 3.81
US TREASURY N/B NOTES 91282CCF6 4,800,000.00 CITIGRP 90.95 4,365,749.76 (33,375.24) (115,315.97) DTD 05/31/2021 0.750% 05/31/2026
3.13 3.81
US TREASURY N/B NOTES 91282CCW9 4,640,000.00 RBC 90.38 4,193,400.00 (64,706.25) (150,020.41) DTD 08/31/2021 0.750% 08/31/2026
3.37 3.78
US TREASURY N/B NOTES 91282CCZ2 4,310,000.00 RBC 90.56 3,903,243.75 (65,155.08) (140,069.45) DTD 09/30/2021 0.875% 09/30/2026
3.45 3.78
US TREASURY NOTES 912828U24 4,545,000.00 RBC 94.03 4,273,720.31 (82,200.59) (116,843.71) DTD 11/15/2016 2.000% 11/15/2026
3.48 3.78
US TREASURY NOTES 912828V98 9,220,000.00 JPM_CHA 94.73 8,734,509.84 (247,066.72) (285,010.59) DTD 02/15/2017 2.250% 02/15/2027
3.72 3.72
Account 57710050 Page 18
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Managed Account Fair Market Value & Analytics For the Month Ending March 31, 2023 CITY OF MODESTO - 57710050
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY N/B NOTES 91282CEF4 910,000.00 BARCLAY 95.50 869,050.00 14,076.56 9,833.05 DTD 03/31/2022 2.500% 03/31/2027
3.83 3.72
US TREASURY N/B NOTES 912828ZN3 6,480,000.00 NOMURA 88.05 5,705,437.82 (86,062.18) (181,233.67) DTD 04/30/2020 0.500% 04/30/2027
4.03 3.68
US TREASURY NOTES 912828ZV5 5,545,000.00 WELLS_F 87.58 4,856,206.75 (64,547.55) (146,381.44) DTD 06/30/2020 0.500% 06/30/2027
4.20 3.68
US TREASURY NOTES 9128282R0 1,200,000.00 BNP_PAR 94.33 1,131,937.44 (10,687.56) (17,439.42) DTD 08/15/2017 2.250% 08/15/2027
4.18 3.66
US TREASURY NOTES 9128282R0 2,985,000.00 HSBC 94.33 2,815,694.38 (14,342.14) (32,123.43) DTD 08/15/2017 2.250% 08/15/2027
4.18 3.66
US TREASURY N/B NOTES 91282CFM8 5,380,000.00 MERRILL 101.89 5,481,715.36 136,811.45 133,893.30 DTD 09/30/2022 4.125% 09/30/2027
4.16 3.67
US TREASURY N/B NOTES 91282CFU0 2,715,000.00 NOMURA 101.94 2,767,603.13 14,847.66 17,254.89 DTD 10/31/2022 4.125% 10/31/2027
4.16 3.66
US TREASURY N/B NOTES 91282CFU0 3,160,000.00 JPM_CHA 101.94 3,221,225.00 (8,270.31) (4,058.47) DTD 10/31/2022 4.125% 10/31/2027
4.16 3.66
US TREASURY NOTES 91282CAU5 8,775,000.00 WELLS_F 86.77 7,613,683.16 140,879.45 77,953.53 DTD 10/31/2020 0.500% 10/31/2027
4.52 3.66
US TREASURY NOTES 91282CBJ9 3,450,000.00 HSBC 87.33 3,012,820.14 18,058.42 3,099.88 DTD 01/31/2021 0.750% 01/31/2028
4.75 3.63
US TREASURY N/B NOTES 91282CGP0 2,825,000.00 TD 101.81 2,876,203.13 82,542.97 82,112.48 DTD 02/28/2023 4.000% 02/29/2028
4.50 3.59
US TREASURY N/B NOTES 91282CGP0 2,970,000.00 JPM_CHA 101.81 3,023,831.25 92,696.48 92,141.57 DTD 02/28/2023 4.000% 02/29/2028
4.50 3.59
Security Type Sub-Total 243,106,000.00 227,508,048.48 (6,940,961.06) (8,506,710.44) 2.60 4.02 Supra-National Agency Bond / Note
INTL BK RECON & DEVELOP NOTES 459058JM6 1,790,000.00 TD 97.11 1,738,329.86 (47,821.64) (50,837.18) DTD 11/24/2020 0.250% 11/24/2023
0.65 4.81
INTER-AMERICAN DEVEL BK NOTES 4581X0DZ8 4,095,000.00 JPM_CHA 94.56 3,872,363.04 (219,606.66) (221,141.16) DTD 09/23/2021 0.500% 09/23/2024
1.48 4.33
Security Type Sub-Total 5,885,000.00 5,610,692.90 (267,428.30) (271,978.34) 1.22 4.48 Account 57710050 Page 19
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Managed Account Fair Market Value & Analytics For the Month Ending March 31, 2023 CITY OF MODESTO - 57710050
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Municipal Bond / Note
CA ST TXBL GO BONDS 13063DRJ9 2,310,000.00 MORGAN_S 98.65 2,278,861.20 (77,361.90) (37,021.16) DTD 10/24/2019 2.400% 10/01/2023
0.50 5.15
MD ST TXBL GO BONDS 574193TQ1 620,000.00 JPM_CHA 95.19 590,153.20 (29,673.20) (29,788.66) DTD 08/05/2020 0.510% 08/01/2024
1.33 4.25
CA ST UNIV TXBL REV BONDS 13077DMK5 600,000.00 GOLDMAN 94.00 564,000.00 (36,000.00) (36,000.00) DTD 09/17/2020 0.685% 11/01/2024
1.58 4.65
CA ST DEPT WTR RES WTR SYS TXBL REV 13067WRB0 100,000.00 MORGAN_ 93.39 93,391.00 (6,609.00) (6,609.00) BNDS
DTD 08/06/2020 0.560% 12/01/2024
1.66 4.72
UNIV OF CAL TXBL REV BONDS 91412HGE7 220,000.00 JPM_CHA 04/15/25 93.05 204,710.00 (16,086.40) (15,632.17) DTD 07/16/2020 0.883% 05/15/2025
2.02 4.34
UNIV OF CAL TXBL REV BONDS 91412HGE7 510,000.00 JPM_CHA 04/15/25 93.05 474,555.00 (35,445.00) (35,445.00) DTD 07/16/2020 0.883% 05/15/2025
2.02 4.34
FL ST BOARD OF ADMIN TXBL REV BONDS 341271AD6 505,000.00 MERRILL 93.16 470,458.00 (38,112.35) (36,220.00) DTD 09/16/2020 1.258% 07/01/2025
2.22 4.48
FL ST BOARD OF ADMIN TXBL REV BONDS 341271AD6 1,295,000.00 MERRILL 93.16 1,206,422.00 (88,578.00) (88,578.00) DTD 09/16/2020 1.258% 07/01/2025
2.22 4.48
LOS ANGELES CCD, CA TXBL GO BONDS 54438CYK2 925,000.00 MERRILL 91.96 850,648.50 (74,351.50) (74,351.50) DTD 11/10/2020 0.773% 08/01/2025
2.32 4.43
NJ TURNPIKE AUTHORITY TXBL REV 646140DP5 505,000.00 CITIGRP 90.22 455,611.00 (49,389.00) (49,389.00) BONDS
DTD 02/04/2021 1.047% 01/01/2026
2.71 4.89
Security Type Sub-Total 7,590,000.00 7,188,809.90 (451,606.35) (409,034.49) 1.57 4.70 Federal Agency Commercial Mortgage-Backed Security
FANNIEMAE-ACES 3136AJB54 684,568.23 JPM_CHAS 97.75 669,165.44 (48,668.53) (22,662.74) DTD 04/01/2014 3.346% 03/01/2024
0.84 5.87
Security Type Sub-Total 684,568.23 669,165.44 (48,668.53) (22,662.74) 0.84 5.87 Federal Agency Bond / Note
FREDDIE MAC NOTES 3137EAEV7 2,200,000.00 CITIGRP 98.20 2,160,318.60 (37,437.40) (39,385.06) DTD 08/21/2020 0.250% 08/24/2023
0.40 4.85
Account 57710050 Page 20
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Managed Account Fair Market Value & Analytics For the Month Ending March 31, 2023 CITY OF MODESTO - 57710050
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Federal Agency Bond / Note
FANNIE MAE NOTES 3135G0U43 955,000.00 JPM_CHAS 99.10 946,379.22 2,953.82 (7,547.12) DTD 09/14/2018 2.875% 09/12/2023
0.45 4.92
FANNIE MAE NOTES 3135G0U43 5,665,000.00 TD 99.10 5,613,862.04 (39,694.66) (50,060.02) DTD 09/14/2018 2.875% 09/12/2023
0.45 4.92
FEDERAL FARM CREDIT BANK (CALLABLE) 3133EMAM4 2,345,000.00 TD 97.85 2,294,575.47 (46,438.03) (49,784.17) DTD 09/21/2020 0.250% 09/21/2023
0.48 4.88
FANNIE MAE NOTES 3135G06H1 900,000.00 MORGAN_ 97.06 873,511.20 (27,856.80) (26,806.02) DTD 11/25/2020 0.250% 11/27/2023
0.66 4.85
FREDDIE MAC NOTES 3137EAFA2 2,015,000.00 CITIGRP 96.98 1,954,076.48 (58,928.67) (60,473.54) DTD 12/04/2020 0.250% 12/04/2023
0.68 4.84
FEDERAL HOME LOAN BANKS NOTES 3130A0F70 2,025,000.00 BARCLAYS 98.99 2,004,541.43 (80,143.20) (28,912.77) DTD 12/09/2013 3.375% 12/08/2023
0.68 4.88
FANNIE MAE NOTES 3135G0X24 3,500,000.00 CITIGRP 95.61 3,346,227.50 (281,907.50) (200,637.03) DTD 01/10/2020 1.625% 01/07/2025
1.74 4.23
FREDDIE MAC NOTES 3137EAEP0 640,000.00 WELLS_FA 95.22 609,416.96 (40,259.84) (34,232.55) DTD 02/14/2020 1.500% 02/12/2025
1.84 4.19
FEDERAL HOME LOAN BANK NOTES 3130AJHU6 2,370,000.00 CITIGRP 92.91 2,201,924.34 (156,320.46) (163,280.78) DTD 04/16/2020 0.500% 04/14/2025
2.03 4.16
FANNIE MAE NOTES 3135G03U5 475,000.00 WELLS_F 93.10 442,205.05 (33,526.45) (33,097.53) DTD 04/24/2020 0.625% 04/22/2025
2.04 4.15
FANNIE MAE NOTES 3135G03U5 1,910,000.00 HSBC 93.10 1,778,129.78 (141,649.42) (135,997.02) DTD 04/24/2020 0.625% 04/22/2025
2.04 4.15
FANNIE MAE NOTES 3135G03U5 3,195,000.00 CITIGRP 93.10 2,974,410.81 (214,007.49) (217,875.68) DTD 04/24/2020 0.625% 04/22/2025
2.04 4.15
FANNIE MAE NOTES 3135G03U5 3,345,000.00 WELLS_F 93.10 3,114,054.51 (233,420.79) (231,971.63) DTD 04/24/2020 0.625% 04/22/2025
2.04 4.15
FANNIE MAE NOTES 3135G04Z3 200,000.00 WELLS_F 92.44 184,886.40 (15,825.60) (15,445.57) DTD 06/19/2020 0.500% 06/17/2025
2.20 4.11
FANNIE MAE NOTES 3135G04Z3 1,075,000.00 NOMURA 92.44 993,764.40 (86,277.35) (83,609.57) DTD 06/19/2020 0.500% 06/17/2025
2.20 4.11
FANNIE MAE NOTES 3135G04Z3 1,190,000.00 RBS 92.44 1,100,074.08 (97,149.22) (93,519.78) DTD 06/19/2020 0.500% 06/17/2025
2.20 4.11
FANNIE MAE NOTES 3135G04Z3 3,675,000.00 NOMURA 92.44 3,397,287.60 (270,105.15) (274,342.52) DTD 06/19/2020 0.500% 06/17/2025
2.20 4.11
Account 57710050 Page 21
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Managed Account Fair Market Value & Analytics For the Month Ending March 31, 2023 CITY OF MODESTO - 57710050
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Federal Agency Bond / Note
FANNIE MAE NOTES 3135G04Z3 3,820,000.00 RBS 92.44 3,531,330.24 (304,981.16) (296,350.19) DTD 06/19/2020 0.500% 06/17/2025
2.20 4.11
FREDDIE MAC NOTES 3137EAEU9 2,220,000.00 WELLS_F 91.93 2,040,735.00 (168,209.40) (174,161.48) DTD 07/23/2020 0.375% 07/21/2025
2.30 4.08
FANNIE MAE NOTES 3135G05X7 450,000.00 NOMURA 91.65 412,434.90 (35,045.10) (36,314.37) DTD 08/27/2020 0.375% 08/25/2025
2.39 4.06
FANNIE MAE NOTES 3135G05X7 550,000.00 CITIGRP 91.65 504,087.10 (44,202.40) (45,067.29) DTD 08/27/2020 0.375% 08/25/2025
2.39 4.06
FANNIE MAE NOTES 3135G05X7 2,360,000.00 BARCLAY 91.65 2,162,991.92 (185,963.28) (191,697.61) DTD 08/27/2020 0.375% 08/25/2025
2.39 4.06
FREDDIE MAC NOTES 3137EAEX3 130,000.00 WELLS_F 91.46 118,899.04 (10,930.66) (11,016.14) DTD 09/25/2020 0.375% 09/23/2025
2.47 4.03
FREDDIE MAC NOTES 3137EAEX3 3,400,000.00 CITIGRP 91.46 3,109,667.20 (280,098.80) (285,249.46) DTD 09/25/2020 0.375% 09/23/2025
2.47 4.03
FANNIE MAE NOTES 3135G06G3 2,040,000.00 NOMURA 91.38 1,864,247.88 (174,976.92) (175,344.59) DTD 11/12/2020 0.500% 11/07/2025
2.58 4.02
FANNIE MAE NOTES 3135G06G3 2,215,000.00 BARCLAY 91.38 2,024,171.11 (182,899.19) (186,687.68) DTD 11/12/2020 0.500% 11/07/2025
2.58 4.02
Security Type Sub-Total 54,865,000.00 51,758,210.26 (3,245,301.12) (3,148,867.17) 1.68 4.35 Corporate Note
TOYOTA MOTOR CREDIT CORP CORP 89236TFN0 2,230,000.00 JPM_CHAS 99.20 2,212,064.11 1,888.81 (16,009.42) NOTES
DTD 09/20/2018 3.450% 09/20/2023
0.47 5.19
US BANK NA CINCINNATI CORP NOTES 91159HHV5 2,860,000.00 GOLDMAN 01/05/24 97.87 2,799,147.78 (196,387.62) (84,094.00) (CALLAB
DTD 02/04/2019 3.375% 02/05/2024
0.76 5.98
PFIZER INC CORP NOTES 717081ES8 3,445,000.00 BONY 02/15/24 98.23 3,384,164.75 (102,209.70) (68,281.72) DTD 03/11/2019 2.950% 03/15/2024
0.87 4.86
AMAZON.COM INC CORPORATE NOTES 023135BW5 1,590,000.00 JPM_CHA 95.72 1,521,900.30 (65,778.30) (67,237.65) DTD 05/12/2021 0.450% 05/12/2024
1.11 4.42
JP MORGAN CHASE BANK CORP NOTE 46625HJX9 1,320,000.00 JPM_CHA 98.60 1,301,518.68 (159,510.12) (61,842.10) DTD 05/13/2014 3.625% 05/13/2024
1.09 4.92
Account 57710050 Page 22
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Managed Account Fair Market Value & Analytics For the Month Ending March 31, 2023 CITY OF MODESTO - 57710050
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
WALMART INC CORPORATE NOTES 931142EL3 4,000,000.00 CITIGRP 06/08/24 97.75 3,909,952.00 (214,888.00) (120,265.82) DTD 04/23/2019 2.850% 07/08/2024
1.17 4.69
JPMORGAN CHASE & CO CORPORATE 46647PBS4 1,405,000.00 JPM_CHA 09/16/23 97.58 1,371,001.81 (33,998.19) (33,998.19)
NOTES (CAL
DTD 09/16/2020 0.653% 09/16/2024
0.46 2.35
PACCAR FINANCIAL CORP CORPORATE 69371RQ66 1,810,000.00 MITSU 95.10 1,721,358.87 (117,655.43) (99,995.28) NOTES
DTD 02/06/2020 1.800% 02/06/2025
1.82 4.59
NOVARTIS CAPITAL CORP 66989HAP3 2,290,000.00 CITIGRP 01/14/25 94.96 2,174,643.54 (203,406.96) (149,051.62) DTD 02/14/2020 1.750% 02/14/2025
1.76 4.59
MASTERCARD INC CORP NOTES 57636QAN4 1,760,000.00 JSEB 02/03/25 95.56 1,681,877.12 (154,348.48) (107,751.52) (CALLABLE)
DTD 12/03/2019 2.000% 03/03/2025
1.81 4.43
AMAZON.COM INC CORPORATE NOTES 023135CE4 3,430,000.00 JPM_CHA 97.29 3,337,215.07 (87,331.23) (89,087.76) DTD 04/13/2022 3.000% 04/13/2025
1.96 4.40
JPMORGAN CHASE & CO (CALLABLE) CORP 46647PCH7 865,000.00 JPM_CHA 06/01/24 94.79 819,959.45 (45,040.55) (45,040.55) NOTE
DTD 06/01/2021 0.824% 06/01/2025
1.16 3.33
BRISTOL-MYERS SQUIBB CO CORPORATE 110122DN5 2,230,000.00 MERRILL 10/13/25 91.31 2,036,250.91 (174,637.99) (182,332.53) NOTES
DTD 11/13/2020 0.750% 11/13/2025
2.51 4.29
BANK OF NY MELLON CORP (CALLABLE) 06406RAQ0 3,465,000.00 US_BANC 12/28/25 89.29 3,094,033.64 (371,797.96) (371,432.39) CORPOR
DTD 01/28/2021 0.750% 01/28/2026
2.72 4.85
BANK OF AMERICA CORP NOTES 06051GKM0 2,025,000.00 MERRILL 04/02/25 95.93 1,942,550.10 (82,449.90) (82,449.90) (CALLABLE)
DTD 03/22/2022 3.384% 04/02/2026
1.92 4.86
MICROSOFT CORP (CALLABLE) NOTES 594918BR4 3,000,000.00 TD 05/08/26 95.07 2,852,109.00 (181,041.00) (172,391.29) DTD 08/08/2016 2.400% 08/08/2026
3.00 3.98
MASTERCARD INC CORP NOTES 57636QAG9 2,560,000.00 CSFB 08/21/26 95.22 2,437,519.36 3,420.16 (5,384.09) (CALLABLE)
DTD 11/21/2016 2.950% 11/21/2026
3.21 4.38
TARGET CORP CORP NOTES (CALLABLE) 87612EBM7 365,000.00 CITIGRP 12/15/26 92.45 337,459.29 (26,920.21) (27,067.74) DTD 01/24/2022 1.950% 01/15/2027
3.57 4.12
Account 57710050 Page 23
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Managed Account Fair Market Value & Analytics For the Month Ending March 31, 2023 CITY OF MODESTO - 57710050
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Corporate Note
MICROSOFT CORP CORP NOTES 594918BY9 3,000,000.00 GOLDMAN 11/06/26 98.13 2,943,762.00 29,592.00 23,578.79 (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
3.40 3.83
HOME DEPOT INC CORP NOTES 437076BT8 3,610,000.00 TD 06/14/27 94.73 3,419,843.25 14,169.25 6,785.43 (CALLABLE)
DTD 09/14/2017 2.800% 09/14/2027
3.98 4.11
Security Type Sub-Total 47,260,000.00 45,298,331.03 (2,168,331.42) (1,753,349.35) 2.00 4.50 Certificate of Deposit
TORONTO DOMINION BANK NY CERT 89115B6F2 3,355,000.00 TD 99.94 3,353,121.20 (1,878.80) (1,878.80) DEPOS
DTD 10/31/2022 5.470% 10/25/2024
1.52 5.45
Security Type Sub-Total 3,355,000.00 3,353,121.20 (1,878.80) (1,878.80) 1.52 5.45 Asset-Backed Security
HAROT 2020-1 A3 43813RAC1 147,601.24 JPM_CHAS 99.55 146,937.21 (635.09) (656.65) DTD 02/26/2020 1.610% 04/22/2024
0.15 2.04
TAOT 2020-A A3 89232HAC9 131,984.03 MITSU 99.69 131,570.47 (404.03) (411.05) DTD 02/12/2020 1.660% 05/15/2024
0.09 1.94
CARMX 2020-1 A3 14315XAC2 177,107.98 MERRILL 99.14 175,583.68 (1,489.55) (1,512.17) DTD 01/22/2020 1.890% 12/16/2024
0.26 2.40
HAROT 2021-1 A3 43813GAC5 357,041.33 JPM_CHA 97.32 347,471.98 (9,562.81) (9,566.11) DTD 02/24/2021 0.270% 04/21/2025
0.52 1.59
HART 2021-A A3 44933LAC7 388,474.71 BARCLAY 97.02 376,883.48 (11,550.37) (11,568.31) DTD 04/28/2021 0.380% 09/15/2025
0.61 1.62
CARMX 2021-1 A3 14316NAC3 238,270.00 MITSU 96.71 230,430.27 (7,792.64) (7,813.61) DTD 01/27/2021 0.340% 12/15/2025
0.65 1.58
TAOT 2021-C A3 89239BAC5 980,000.00 BARCLAY 95.78 938,617.54 (41,304.35) (41,331.75) DTD 09/27/2021 0.430% 01/15/2026
0.88 1.99
CARMX 2021-2 A3 14314QAC8 623,621.99 MERRILL 96.55 602,082.65 (21,404.95) (21,459.07) DTD 04/21/2021 0.520% 02/17/2026
0.68 1.75
Account 57710050 Page 24
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Managed Account Fair Market Value & Analytics For the Month Ending March 31, 2023 CITY OF MODESTO - 57710050
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
Asset-Backed Security
HART 2021-C A3 44935FAD6 465,000.00 SMBC 95.47 443,925.36 (20,970.85) (21,002.49) DTD 11/17/2021 0.740% 05/15/2026
1.04 2.24
DCENT 2021-A1 A1 254683CP8 775,000.00 CITIGRP 93.97 728,263.01 (46,571.06) (46,621.46) DTD 09/27/2021 0.580% 09/15/2026
1.42 2.40
Security Type Sub-Total 4,284,101.28 4,121,765.65 (161,685.70) (161,942.67) 0.82 1.98 Managed Account Sub-Total 367,029,669.51 345,508,144.86 (13,285,861.28) (14,276,424.00) 2.30 4.14 Total Investments $346,607,707.47
$1,099,562.61
$345,508,144.86
Accrued Interest
Securities Sub-Total $367,029,669.51 ($13,285,861.28) ($14,276,424.00) 2.30 4.14% Account 57710050 Page 25
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Managed Account Security Transactions & Interest For the Month Ending March 31, 2023 CITY OF MODESTO - 57710050
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
BUY
03/06/23 US TREASURY N/B NOTES
DTD 02/28/2023 4.000% 02/29/2028
03/03/23 91282CGP0 2,970,000.00 (2,931,134.77) (1,936.96) (2,933,071.73) 03/07/23 US TREASURY N/B NOTES
DTD 02/28/2023 4.000% 02/29/2028
03/03/23 91282CGP0 2,825,000.00 (2,793,660.16) (2,149.46) (2,795,809.62) 03/17/23 US TREASURY NOTES
DTD 03/31/2016 1.500% 03/31/2023
03/17/23 912828Q29 2,225,000.00 (2,221,349.61) (15,403.85) (2,236,753.46) 03/31/23 US TREASURY NOTES
DTD 04/30/2018 2.750% 04/30/2023
03/30/23 9128284L1 2,650,000.00 (2,645,548.83) (30,398.14) (2,675,946.97) Transaction Type Sub-Total 10,670,000.00 (10,591,693.37) (49,888.41) (10,641,581.78)
INTEREST
03/01/23 03/01/23 MONEY MARKET FUND MONEY0002 0.00 0.00 1,456.83 1,456.83 03/25/23 FANNIEMAE-ACES
DTD 04/01/2014 3.346% 03/01/2024
03/01/23 3136AJB54 727,965.06 0.00 2,029.81 2,029.81
03/03/23 MASTERCARD INC CORP NOTES
(CALLABLE)
DTD 12/03/2019 2.000% 03/03/2025
03/03/23 57636QAN4 1,760,000.00 0.00 17,600.00 17,600.00 03/12/23 FANNIE MAE NOTES
DTD 09/14/2018 2.875% 09/12/2023
03/12/23 3135G0U43 6,620,000.00 0.00 95,162.50 95,162.50 03/14/23 HOME DEPOT INC CORP NOTES
(CALLABLE)
DTD 09/14/2017 2.800% 09/14/2027
03/14/23 437076BT8 3,610,000.00 0.00 50,540.00 50,540.00 03/15/23 PFIZER INC CORP NOTES
DTD 03/11/2019 2.950% 03/15/2024
03/15/23 717081ES8 3,445,000.00 0.00 50,813.75 50,813.75 03/15/23 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
03/15/23 14314QAC8 661,109.00 0.00 286.48 286.48
03/15/23 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
03/15/23 44933LAC7 417,050.21 0.00 132.07 132.07
03/15/23 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
03/15/23 44935FAD6 465,000.00 0.00 286.75 286.75
03/15/23 CARMX 2021-1 A3
DTD 01/27/2021 0.340% 12/15/2025
03/15/23 14316NAC3 253,455.11 0.00 71.81 71.81
03/15/23 US TREASURY N/B NOTES
DTD 09/15/2021 0.375% 09/15/2024
03/15/23 91282CCX7 4,505,000.00 0.00 8,446.88 8,446.88
Account 57710050 Page 26
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Managed Account Security Transactions & Interest For the Month Ending March 31, 2023 CITY OF MODESTO - 57710050
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
INTEREST
03/15/23 US TREASURY NOTES
DTD 03/15/2021 0.250% 03/15/2024
03/15/23 91282CBR1 4,450,000.00 0.00 5,562.50 5,562.50
03/15/23 TAOT 2021-C A3
DTD 09/27/2021 0.430% 01/15/2026
03/15/23 89239BAC5 980,000.00 0.00 351.17 351.17
03/15/23 CARMX 2020-1 A3
DTD 01/22/2020 1.890% 12/16/2024
03/15/23 14315XAC2 205,331.86 0.00 323.40 323.40
03/15/23 DCENT 2021-A1 A1
DTD 09/27/2021 0.580% 09/15/2026
03/15/23 254683CP8 775,000.00 0.00 374.58 374.58
03/15/23 TAOT 2020-A A3
DTD 02/12/2020 1.660% 05/15/2024
03/15/23 89232HAC9 195,845.55 0.00 270.92 270.92
03/16/23 JPMORGAN CHASE & CO CORPORATE
NOTES (CAL
DTD 09/16/2020 0.653% 09/16/2024
03/16/23 46647PBS4 1,405,000.00 0.00 4,587.33 4,587.33
03/20/23 TOYOTA MOTOR CREDIT CORP CORP
NOTES
DTD 09/20/2018 3.450% 09/20/2023
03/20/23 89236TFN0 2,230,000.00 0.00 38,467.50 38,467.50 03/21/23 HAROT 2021-1 A3
DTD 02/24/2021 0.270% 04/21/2025
03/21/23 43813GAC5 388,501.54 0.00 87.41 87.41
03/21/23 HAROT 2020-1 A3
DTD 02/26/2020 1.610% 04/22/2024
03/21/23 43813RAC1 194,879.96 0.00 261.46 261.46
03/21/23 FEDERAL FARM CREDIT BANK
(CALLABLE)
DTD 09/21/2020 0.250% 09/21/2023
03/21/23 3133EMAM4 2,345,000.00 0.00 2,931.25 2,931.25
03/23/23 FREDDIE MAC NOTES
DTD 09/25/2020 0.375% 09/23/2025
03/23/23 3137EAEX3 3,530,000.00 0.00 6,618.75 6,618.75
03/23/23 INTER-AMERICAN DEVEL BK NOTES
DTD 09/23/2021 0.500% 09/23/2024
03/23/23 4581X0DZ8 4,095,000.00 0.00 10,237.50 10,237.50 03/31/23 US TREASURY NOTES
DTD 10/01/2018 2.875% 09/30/2023
03/31/23 9128285D8 2,700,000.00 0.00 38,812.50 38,812.50 03/31/23 US TREASURY NOTES
DTD 09/30/2020 0.250% 09/30/2025
03/31/23 91282CAM3 5,650,000.00 0.00 7,062.50 7,062.50
03/31/23 US TREASURY N/B NOTES
DTD 09/30/2022 4.125% 09/30/2027
03/31/23 91282CFM8 5,380,000.00 0.00 110,962.50 110,962.50 Account 57710050 Page 27
#11..
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Managed Account Security Transactions & Interest For the Month Ending March 31, 2023 CITY OF MODESTO - 57710050
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
INTEREST
03/31/23 US TREASURY N/B NOTES
DTD 09/30/2021 0.875% 09/30/2026
03/31/23 91282CCZ2 4,310,000.00 0.00 18,856.25 18,856.25 03/31/23 US TREASURY NOTES
DTD 10/02/2017 2.125% 09/30/2024
03/31/23 9128282Y5 1,850,000.00 0.00 19,656.25 19,656.25 03/31/23 US TREASURY N/B NOTES
DTD 03/31/2021 0.750% 03/31/2026
03/31/23 91282CBT7 7,405,000.00 0.00 27,768.75 27,768.75 03/31/23 US TREASURY N/B NOTES
DTD 03/31/2022 2.500% 03/31/2027
03/31/23 91282CEF4 910,000.00 0.00 11,375.00 11,375.00
Transaction Type Sub-Total 71,464,138.29 0.00 531,394.40 531,394.40
MATURITY
03/05/23 BANK OF AMERICA CORP NOTE
(CALLED, OMD 0
DTD 03/05/2018 3.550% 03/05/2023
03/05/23 06051GHF9 2,010,000.00 2,010,000.00 35,677.50 2,045,677.50 (132,318.30) 0.00 03/17/23 CREDIT SUISSE NEW YORK CERT
DEPOS
DTD 03/23/2021 0.590% 03/17/2023
03/17/23 22552G3C2 1,850,000.00 1,850,000.00 11,066.60 1,861,066.60 0.00 0.00 03/31/23 US TREASURY NOTES
DTD 03/31/2016 1.500% 03/31/2023
03/31/23 912828Q29 2,225,000.00 2,225,000.00 16,687.50 2,241,687.50 3,650.39 0.00 Transaction Type Sub-Total 6,085,000.00 6,085,000.00 63,431.60 6,148,431.60 (128,667.91) 0.00
PAYDOWNS
03/25/23 FANNIEMAE-ACES
DTD 04/01/2014 3.346% 03/01/2024
03/01/23 3136AJB54 43,396.83 43,396.83 0.00 43,396.83 (2,108.82) 0.00 03/15/23 HART 2021-A A3
DTD 04/28/2021 0.380% 09/15/2025
03/15/23 44933LAC7 28,575.50 28,575.50 0.00 28,575.50 3.01 0.00 03/15/23 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
03/15/23 14314QAC8 37,487.01 37,487.01 0.00 37,487.01 8.08 0.00 03/15/23 CARMX 2021-1 A3
DTD 01/27/2021 0.340% 12/15/2025
03/15/23 14316NAC3 15,185.11 15,185.11 0.00 15,185.11 3.00 0.00 03/15/23 CARMX 2020-1 A3
DTD 01/22/2020 1.890% 12/16/2024
03/15/23 14315XAC2 28,223.88 28,223.88 0.00 28,223.88 5.54 0.00 Account 57710050 Page 28
#11..
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Managed Account Security Transactions & Interest For the Month Ending March 31, 2023 CITY OF MODESTO - 57710050
Transaction Type
Trade Settle Security Description CUSIP Par Proceeds
Principal Accrued
Interest Total Cost
Realized G/L Realized G/L Sale
Amort Cost Method
PAYDOWNS
03/15/23 TAOT 2020-A A3
DTD 02/12/2020 1.660% 05/15/2024
03/15/23 89232HAC9 63,861.52 63,861.52 0.00 63,861.52 4.61 0.00 03/21/23 HAROT 2020-1 A3
DTD 02/26/2020 1.610% 04/22/2024
03/21/23 43813RAC1 47,278.72 47,278.72 0.00 47,278.72 9.27 0.00 03/21/23 HAROT 2021-1 A3
DTD 02/24/2021 0.270% 04/21/2025
03/21/23 43813GAC5 31,460.21 31,460.21 0.00 31,460.21 0.58 0.00 Transaction Type Sub-Total 295,468.78 295,468.78 0.00 295,468.78 (2,074.73) 0.00 SELL
03/07/23 FANNIE MAE NOTES
DTD 09/14/2018 2.875% 09/12/2023
03/06/23 3135G0U43 2,790,000.00 2,756,966.40 38,992.19 2,795,958.59 781.20 (29,418.78) FIFO Transaction Type Sub-Total 2,790,000.00 2,756,966.40 38,992.19 2,795,958.59 781.20 (29,418.78) Managed Account Sub-Total (1,454,258.19) 583,929.78 (870,328.41) (129,961.44) (29,418.78) Total Security Transactions ($1,454,258.19) $583,929.78 ($870,328.41) ($129,961.44) ($29,418.78) Account 57710050 Page 29
#11..
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Managed Account Summary Statement For the Month Ending March 31, 2023 CITY OF MODESTO SHORT-TERM - 57710062
Total Cash Basis Earnings
Plus Net Realized Gains/Losses
Less Purchased Interest Related to Interest/Coupons
Interest/Dividends/Coupons Received
Earnings Reconciliation (Cash Basis) - Managed Account
Less Beginning Accrued Interest
Less Beginning Amortized Value of Securities
Less Cost of New Purchases
Plus Coupons/Dividends Received
Plus Proceeds of Maturities/Calls/Principal Payments
Plus Proceeds from Sales
Ending Accrued Interest
Ending Amortized Value of Securities
Earnings Reconciliation (Accrual Basis)
$40,541,140.74
0.00 0.00
0.00 0.00
158,864.86
$40,700,005.60
0.00 0.00
0.00 $0.00
Total
40,708,200.79
67,454.52
0.00 0.00
0.00 0.00
(40,550,744.43)
(52,191.09)
Total Accrual Basis Earnings $172,719.79
Closing Market Value
Change in Current Value
Unsettled Trades
Principal Acquisitions
Principal Dispositions
Maturities/Calls
Opening Market Value
Transaction Summary - Managed Account
_________________
_________________
_______________________________________________ _______________________________________________ Reconciling Transactions Net Cash Contribution
Security Purchases
Principal Payments
Coupon/Interest/Dividend Income
Sale Proceeds
Maturities/Calls
Cash Transactions Summary - Managed Account
0.00 0.00
0.00 0.00
0.00 0.00
0.00 Cash Balance
Closing Cash Balance $0.00
Account 57710062 Page 1
#11..
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Portfolio Summary and Statistics For the Month Ending March 31, 2023 CITY OF MODESTO SHORT-TERM - 57710062
Account Summary
Description Par Value Market Value Percent
U.S. Treasury Bond / Note 10,185,000.00 10,146,806.25 24.93 Commercial Paper 30,925,000.00 30,553,199.35 75.07
Managed Account Sub-Total 41,110,000.00 40,700,005.60 100.00% Accrued Interest 67,454.52
Total Portfolio 41,110,000.00 40,767,460.12
Unsettled Trades 0.00 0.00
Sector Allocation
75.07%
Commercial Paper
24.93%
US TSY Bond / Note
0 - 6 Months 6 - 12 Months 1 - 2 Years 2 - 3 Years 3 - 4 Years 4 - 5 Years Over 5 Years 100.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Maturity Distribution Characteristics
Yield to Maturity at Cost
Yield to Maturity at Market
Weighted Average Days to Maturity 76
4.97%
4.98%
Account 57710062 Page 2
#11..
- 334 -
Managed Account Issuer Summary For the Month Ending March 31, 2023 CITY OF MODESTO SHORT-TERM - 57710062
Credit Quality (S&P Ratings)
75.07%
A-1
24.93%
AA+
Issuer Summary
Issuer of Holdings Percent
Market Value
ING GROEP NV 10,108,196.28 24.84
LMA AMERICAS LLC 10,214,675.51 25.10
NATIXIS NY BRANCH 10,230,327.56 25.13
UNITED STATES TREASURY 10,146,806.25 24.93
Total $40,700,005.60 100.00%
Account 57710062 Page 3
#11..
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Managed Account Detail of Securities Held For the Month Ending March 31, 2023 CITY OF MODESTO SHORT-TERM - 57710062
Dated Date/Coupon/Maturity CUSIP Rating Rating Date Date Cost at Cost Interest Cost Value Security Type/Description S&P Moody's Trade Settle Original YTM Accrued Amortized Market Par
U.S. Treasury Bond / Note
US TREASURY NOTES
DTD 05/15/2013 1.750% 05/15/2023
912828VB3 10,185,000.00 AA+ Aaa 02/13/23 02/13/23 10,107,418.95 4.80 67,454.52 10,147,488.28 10,146,806.25 Security Type Sub-Total 10,185,000.00 10,107,418.95 4.80 67,454.52 10,147,488.28 10,146,806.25 Commercial Paper
LMA AMERICAS LLC COMM PAPER
DTD 02/08/2023 0.000% 05/09/2023
53944RS90 10,270,000.00 A-1 P-1 02/09/23 02/09/23 10,149,398.82 4.81 0.00 10,218,507.36 10,214,675.51
NATIXIS NY BRANCH COMM PAPER
DTD 01/03/2023 0.000% 07/03/2023
63873KU39 10,365,000.00 A-1 P-1 01/04/23 01/05/23 10,106,799.21 5.14 0.00 10,230,850.99 10,230,327.56
ING (US) FUNDING LLC COMM PAPER
DTD 01/05/2023 0.000% 08/04/2023
45685RV46 10,290,000.00 A-1 P-1 01/10/23 01/11/23 9,997,020.83 5.15 0.00 10,111,354.16 10,108,196.28 Security Type Sub-Total 30,925,000.00 30,253,218.86 5.03 0.00 30,560,712.51 30,553,199.35 Managed Account Sub-Total 41,110,000.00 40,360,637.81 4.97 67,454.52 40,708,200.79 40,700,005.60 $41,110,000.00 $40,360,637.81 4.97% $67,454.52 $40,708,200.79 $40,700,005.60 $40,767,460.12
$67,454.52
Total Investments
Accrued Interest
Securities Sub-Total
Account 57710062 Page 4
#11..
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Managed Account Fair Market Value & Analytics For the Month Ending March 31, 2023 CITY OF MODESTO SHORT-TERM - 57710062
Dated Date/Coupon/Maturity CUSIP Par Broker Date Price Value On Cost Amort Cost at Mkt Security Type/Description Next Call Market Market Unreal G/L Unreal G/L Effective YTM Duration
U.S. Treasury Bond / Note
US TREASURY NOTES 912828VB3 10,185,000.00 CITIGRP 99.63 10,146,806.25 39,387.30 (682.03) DTD 05/15/2013 1.750% 05/15/2023
0.13 4.75
Security Type Sub-Total 10,185,000.00 10,146,806.25 39,387.30 (682.03) 0.13 4.75 Commercial Paper
LMA AMERICAS LLC COMM PAPER 53944RS90 10,270,000.00 GOLDMAN 99.46 10,214,675.51 65,276.69 (3,831.85) DTD 02/08/2023 0.000% 05/09/2023
0.11 5.00
NATIXIS NY BRANCH COMM PAPER 63873KU39 10,365,000.00 RBC 98.70 10,230,327.56 123,528.35 (523.43) DTD 01/03/2023 0.000% 07/03/2023
0.27 5.04
ING (US) FUNDING LLC COMM PAPER 45685RV46 10,290,000.00 MERRILL 98.23 10,108,196.28 111,175.45 (3,157.88) DTD 01/05/2023 0.000% 08/04/2023
0.36 5.14
Security Type Sub-Total 30,925,000.00 30,553,199.35 299,980.49 (7,513.16) 0.25 5.06 Managed Account Sub-Total 41,110,000.00 40,700,005.60 339,367.79 (8,195.19) 0.22 4.98 Total Investments $40,767,460.12
$67,454.52
$40,700,005.60
Accrued Interest
Securities Sub-Total $41,110,000.00 $339,367.79 ($8,195.19) 0.22 4.98% Account 57710062 Page 5
#11..
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Attachment 3
City of Modesto Combined Yields
Month
Ending
Combined
Yield
CAMP
Balance
CAMP Monthly
Distribution Yields
Long Term
Amortized Cost
Balance
Long Term
Portfolio Yield
Short Term
Amortized Cost
Balance
Short Term
Portfolio Yield
4/30/2021 1.09% 99,414,400.76 0.06% 273,342,506.45 1.47% 5/31/2021 1.00% 134,419,293.96 0.05% 273,479,692.78 1.46% 6/30/2021 0.97% 134,424,844.05 0.05% 273,831,695.68 1.42% 7/31/2021 1.02% 108,729,978.62 0.05% 273,119,224.63 1.40% 8/31/2021 1.01% 108,734,764.86 0.05% 272,424,046.82 1.39% 9/30/2021 0.97% 108,739,293.68 0.05% 275,543,849.60 1.33% 10/31/2021 0.91% 123,744,124.02 0.05% 274,089,339.67 1.30% 11/30/2021 0.90% 123,749,269.51 0.05% 275,079,950.15 1.28% 12/31/2021 0.91% 123,754,558.86 0.05% 274,968,424.92 1.29% 1/31/2022 0.92% 123,759,932.29 0.05% 276,103,753.02 1.31% 2/28/2022 0.92% 106,765,158.19 0.06% 276,530,404.21 1.31% 39,948,433.34 0.53% 3/31/2022 0.98% 106,788,084.24 0.25% 277,035,730.56 1.33% 39,948,380.00 0.53% 4/30/2022 1.39% 30,016,017.61 0.50% 353,203,903.46 1.56% 39,984,016.67 0.53% 5/31/2022 1.47% 50,044,305.28 0.82% 353,781,386.85 1.59% 39,880,961.12 1.26% 6/30/2022 1.56% 75,106,114.53 1.14% 354,423,884.74 1.64% 39,871,394.45 1.66% 7/31/2022 1.66% 46,186,072.35 1.64% 354,553,148.20 1.66% 39,928,141.66 1.66% 8/31/2022 1.79% 46,276,184.59 2.30% 356,564,454.56 1.69% 39,858,625.00 2.14% 9/30/2022 1.95% 46,375,593.86 2.61% 356,228,719.05 1.71% 39,880,797.64 3.34% 10/31/2022 2.03% 46,499,174.80 3.14% 357,511,536.00 1.74% 39,981,172.30 3.34% 11/30/2022 2.18% 46,648,406.54 3.90% 357,994,150.30 1.78% 40,170,337.16 3.76% 12/31/2022 2.29% 46,818,929.81 4.30% 357,777,379.76 1.84% 40,298,306.29 3.93% 1/31/2023 2.48% 46,999,023.63 4.53% 358,294,563.63 1.95% 40,452,260.96 4.84% 2/28/2023 2.51% 47,169,689.38 4.73% 358,174,068.29 1.94% 40,550,744.43 4.97% 3/31/2023 2.57% 47,361,889.08 4.80% 359,784,568.86 2.01% 40,708,200.79 4.97% Notes:
1. Long and Short Term Portfolio AC Balance is the amortized cost value of the separately managed portfolios.
2. Long and Short Term Portfolio Yields are the separately managed portfolios yield at costs. #11..
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Attachment 4
City of Modesto - Portfolio Holdings and Earnings Projections Issuer Par Maturity Date Current Yield
Years to
Maturity
Expected Earnings
Rate to June 30, 2023
Expected Earnings to
June 30, 2023
Main Portfolio
Federal Agency
FHLMC 2,200,000 8/24/2023 4.850% 0 2,500 0.28% 1,558
FNMA 955,000 9/12/2023 4.920% 0 13,583 3.15% 7,491
FNMA 5,665,000 9/12/2023 4.920% 0 74,782 2.92% 41,243
FFCB 2,345,000 9/21/2023 4.880% 0 3,442 0.31% 1,800
FNMA 900,000 11/27/2023 4.850% 1 1,166 0.20% 440
FHLMC 2,015,000 12/4/2023 4.840% 1 3,877 0.28% 1,423
FHLB 2,025,000 12/8/2023 4.880% 1 38,061 2.72% 13,744
FNMA 684,568 3/1/2024 5.870% 1 13,461 2.14% 3,646
FNMA 3,500,000 1/7/2025 4.230% 2 52,882 0.85% 7,426
FHLMC 640,000 2/12/2025 4.190% 2 14,211 1.18% 1,891
FHLB 2,370,000 4/14/2025 4.160% 2 29,071 0.60% 3,551
FNMA 3,195,000 4/22/2025 4.150% 2 43,965 0.67% 5,313
FNMA 475,000 4/22/2025 4.150% 2 5,816 0.59% 703
FNMA 3,345,000 4/22/2025 4.150% 2 42,084 0.61% 5,086
FNMA 1,910,000 4/22/2025 4.150% 5 20,435 0.52% 2,470
FNMA 3,675,000 6/17/2025 4.110% 2 44,154 0.54% 4,967
FNMA 200,000 6/17/2025 4.110% 2 1,880 0.42% 211
FNMA 1,075,000 6/17/2025 4.110% 2 9,511 0.40% 1,070
FNMA 3,820,000 6/17/2025 4.110% 2 34,559 0.41% 3,887
FNMA 1,190,000 6/17/2025 4.110% 2 9,558 0.36% 1,075
FHLMC 2,220,000 7/21/2025 4.080% 2 24,407 0.48% 2,635
FNMA 2,360,000 8/25/2025 4.060% 2 26,677 0.47% 2,765
FNMA 550,000 8/25/2025 4.060% 2 5,818 0.44% 603
FNMA 450,000 8/25/2025 4.060% 2 5,328 0.49% 552
FHLMC 3,400,000 9/23/2025 4.030% 2 36,836 0.44% 3,696
FHLMC 130,000 9/23/2025 4.030% 2 1,297 0.40% 130
FNMA 2,215,000 11/7/2025 4.020% 3 33,100 0.57% 3,164
FNMA 2,040,000 11/7/2025 4.020% 3 27,018 0.51% 2,583
U.S. Treasury
U.S. Treasury 2,650,000 4/30/2023 4.780% 0 10,303 4.87% 32,184 U.S. Treasury 10,185,000 5/15/2023 4.750% 0 60,220 4.87% 123,595 U.S. Treasury 2,700,000 9/30/2023 4.670% 1 30,536 2.26% 15,185 U.S. Treasury 3,910,000 11/15/2023 4.800% 1 6,284 0.26% 2,497 U.S. Treasury 8,790,000 11/15/2023 4.850% 1 138,939 2.52% 55,212 U.S. Treasury 3,275,000 11/30/2023 4.720% 1 55,080 2.52% 20,542 U.S. Treasury 4,430,000 12/15/2023 4.700% 1 75,695 2.41% 26,595 U.S. Treasury 270,000 12/31/2023 4.700% 1 5,208 2.56% 1,723 U.S. Treasury 1,564,000 2/29/2024 4.750% 1 4,953 0.35% 1,346 U.S. Treasury 457,000 2/29/2024 4.750% 1 1,404 0.33% 381 U.S. Treasury 4,450,000 3/15/2024 4.660% 1 106,056 2.49% 27,574 U.S. Treasury 4,890,000 4/15/2024 4.670% 1 17,853 0.35% 4,264 U.S. Treasury 4,485,000 6/15/2024 4.490% 1 140,747 2.59% 28,977 U.S. Treasury 2,450,000 7/31/2024 4.430% 1 58,583 1.79% 10,924 U.S. Treasury 1,630,000 8/31/2024 4.380% 1 30,973 1.34% 5,431 U.S. Treasury 4,505,000 9/15/2024 4.330% 1 174,770 2.65% 29,783 U.S. Treasury 1,850,000 9/30/2024 4.330% 2 41,778 1.50% 6,925 U.S. Treasury 460,000 10/31/2024 4.290% 2 11,445 1.57% 1,796 U.S. Treasury 1,215,000 11/30/2024 4.250% 2 34,393 1.69% 5,131 U.S. Treasury 3,450,000 11/30/2024 4.250% 2 94,021 1.63% 14,026 U.S. Treasury 4,585,000 11/30/2024 4.250% 2 38,580 0.50% 5,755 U.S. Treasury 4,445,000 12/15/2024 4.220% 2 204,329 2.68% 29,750 U.S. Treasury 4,400,000 2/15/2025 4.150% 2 223,955 2.70% 29,665 U.S. Treasury 4,945,000 4/30/2025 4.040% 2 65,214 0.63% 7,798 U.S. Treasury 4,230,000 6/30/2025 4.010% 2 260,324 2.73% 28,819 U.S. Treasury 4,340,000 8/31/2025 3.920% 2 55,493 0.53% 5,713 U.S. Treasury 4,635,000 8/31/2025 3.920% 2 307,702 2.74% 31,675 U.S. Treasury 4,550,000 9/30/2025 3.840% 3 76,375 0.67% 7,604 U.S. Treasury 1,100,000 9/30/2025 3.840% 3 22,149 0.80% 2,205 U.S. Treasury 5,010,000 10/31/2025 3.880% 3 100,265 0.77% 9,655 U.S. Treasury 6,930,000 10/31/2025 3.880% 3 139,905 0.78% 13,472 U.S. Treasury 4,250,000 11/30/2025 3.870% 3 120,923 1.07% 11,286 U.S. Treasury 4,635,000 11/30/2025 3.870% 3 340,932 2.75% 31,820 U.S. Treasury 1,040,000 12/31/2025 3.800% 3 13,004 0.45% 1,176 U.S. Treasury 500,000 12/31/2025 3.800% 3 5,956 0.43% 539 U.S. Treasury 3,735,000 12/31/2025 3.800% 3 91,388 0.89% 8,267 U.S. Treasury 2,400,000 1/31/2026 3.840% 3 54,856 0.80% 4,814 U.S. Treasury 5,775,000 1/31/2026 3.840% 3 208,771 1.27% 18,320 U.S. Treasury 5,000,000 1/31/2026 3.840% 3 263,396 1.85% 23,114 U.S. Treasury 7,980,000 1/31/2026 3.840% 3 668,811 2.95% 58,690 U.S. Treasury 3,210,000 2/28/2026 3.840% 3 65,780 0.70% 5,621 U.S. Treasury 6,000,000 2/28/2026 3.840% 3 202,166 1.15% 17,274 U.S. Treasury 4,645,000 2/28/2026 3.840% 3 373,809 2.76% 31,940 U.S. Treasury 4,925,000 3/31/2026 3.780% 3 128,586 0.87% 10,676 U.S. Treasury 2,480,000 3/31/2026 3.780% 3 56,500 0.76% 4,691 U.S. Treasury 1,405,000 5/31/2026 3.810% 3 38,674 0.87% 3,042 U.S. Treasury 4,615,000 5/31/2026 3.810% 3 403,908 2.76% 31,768 U.S. Treasury 4,800,000 5/31/2026 3.810% 3 455,306 2.99% 35,811 U.S. Treasury 4,640,000 8/31/2026 3.780% 3 436,657 2.75% 31,814 U.S. Treasury 4,310,000 9/30/2026 3.780% 4 418,032 2.77% 29,743 U.S. Treasury 4,545,000 11/15/2026 3.780% 4 496,434 3.01% 34,095 U.S. Treasury 9,220,000 2/15/2027 3.720% 4 1,021,047 2.85% 65,572 U.S. Treasury 910,000 3/31/2027 3.720% 4 146,958 4.03% 9,153 U.S. Treasury 6,480,000 4/30/2027 3.680% 4 772,417 2.92% 47,143 U.S. Treasury 5,545,000 6/30/2027 3.680% 4 705,564 2.99% 41,370 U.S. Treasury 1,200,000 8/15/2027 3.660% 4 173,558 3.30% 9,883 U.S. Treasury 2,985,000 8/15/2027 3.660% 4 444,363 3.40% 25,305 U.S. Treasury 5,380,000 9/30/2027 3.670% 5 1,035,446 4.27% 57,315 U.S. Treasury 8,775,000 10/31/2027 3.660% 5 1,574,990 3.91% 85,567 U.S. Treasury 2,715,000 10/31/2027 3.660% 5 474,719 3.81% 25,791 U.S. Treasury 3,160,000 10/31/2027 3.660% 5 526,152 3.63% 28,585 U.S. Treasury 3,450,000 1/31/2028 3.630% 5 611,630 3.66% 31,499 U.S. Treasury 2,825,000 2/29/2028 3.590% 5 590,676 4.25% 29,928 U.S. Treasury 2,970,000 2/29/2028 3.590% 5 627,573 4.29% 31,798 March 31, 2023
Earnings to
Maturity
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Attachment 4
City of Modesto - Portfolio Holdings and Earnings Projections Issuer Par Maturity Date Current Yield
Years to
Maturity
Expected Earnings
Rate to June 30, 2023
Expected Earnings to
June 30, 2023
March 31, 2023
Earnings to
Maturity
Commercial Paper
LMA Americas LLC 10,270,000 5/9/2023 5.000% 0 52,743 4.88% 125,005 Natixis NY Branch 10,365,000 7/3/2023 5.040% 0 137,151 5.14% 132,773 ING Funding LLC 10,290,000 8/4/2023 5.140% 0 182,813 5.15% 132,032 Negotiable CD
Toronto-Dominion Bank 3,355,000 10/25/2024 5.450% 2 287,029 5.44% 45,505 Corporate Note
Toyota Motor Corp 2,230,000 9/20/2023 5.190% 0 38,590 3.65% 20,299 US Bancorp 2,860,000 2/5/2024 5.980% 1 55,290 2.27% 16,178 Pfizer Inc 3,445,000 3/15/2024 4.860% 1 88,823 2.69% 23,094 Amazon.Com Inc 1,590,000 5/12/2024 4.420% 1 8,870 0.50% 1,978 JPMorgan Chase & Co 1,320,000 5/13/2024 4.920% 1 9,571 0.65% 2,130 Wal-Mart Stores Inc 4,000,000 7/8/2024 4.690% 1 111,408 2.19% 21,802 JPMorgan Chase & Co 1,405,000 9/16/2024 2.350% 1 13,448 0.65% 2,287 Paccar Financial Corp 1,810,000 2/6/2025 4.590% 2 48,684 1.45% 6,534 Novartis Capital Corp 2,290,000 2/14/2025 4.590% 2 39,687 0.92% 5,265 Mastercard Inc 1,760,000 3/3/2025 4.430% 2 36,486 1.08% 4,723 Amazon.Com Inc 3,430,000 4/13/2025 4.400% 2 213,653 3.06% 26,132 JPMorgan Chase & Co 865,000 6/1/2025 3.330% 2 15,485 0.82% 1,777 Bristol-Myers Squibb Co 2,230,000 11/13/2025 4.290% 3 55,606 0.95% 5,282 The Bank Of New York Mellon Corporation 3,465,000 1/28/2026 4.850% 3 73,136 0.75% 6,437 Bank Of America Co 2,025,000 4/2/2026 4.860% 3 206,128 3.38% 17,083 Microsoft Corp 3,000,000 8/8/2026 3.980% 3 215,479 2.14% 15,994 Mastercard Inc 2,560,000 11/21/2026 4.380% 4 404,112 4.33% 27,629 Target Corp 365,000 1/15/2027 4.120% 4 27,527 1.99% 1,807 Microsoft Corp 3,000,000 2/6/2027 3.830% 4 469,500 4.06% 30,344 Home Depot Inc 3,610,000 9/14/2027 4.110% 4 669,498 4.16% 37,423 Asset-Backed Securities
Honda Auto Receivables 147,601 4/22/2024 2.040% 1 2,534 1.61% 594 Toyota Motor Corp 131,984 5/15/2024 1.940% 1 2,470 1.66% 547 Carmax Auto Owner Trust 177,108 12/16/2024 2.400% 2 5,753 1.89% 836 Honda Auto Receivables 357,041 4/21/2025 1.590% 2 1,989 0.27% 241 Hyundai Auto Receivables 388,475 9/15/2025 1.620% 2 3,659 0.38% 370 Carmax Auto Owner Trust 238,270 12/15/2025 1.580% 3 2,224 0.34% 204 Toyota Motor Corp 980,000 1/15/2026 1.990% 3 11,839 0.43% 1,055 Carmax Auto Owner Trust 623,622 2/17/2026 1.750% 3 9,444 0.52% 815 Hyundai Auto Receivables 465,000 5/15/2026 2.240% 3 10,830 0.75% 864 Discover Card Execution Note Trust 775,000 9/15/2026 2.400% 3 15,684 0.58% 1,129 Municipal Securities
California St 2,310,000 10/1/2023 5.150% 1 21,782 1.87% 10,772 Maryland St 620,000 8/1/2024 4.250% 1 4,295 0.52% 799
California State University 600,000 11/1/2024 4.650% 2 6,542 0.68% 1,025 State Of California 100,000 12/1/2024 4.720% 2 937 0.56% 140 University Of California 510,000 5/15/2025 4.340% 2 9,575 0.88% 1,123 University Of California 220,000 5/15/2025 4.340% 2 3,772 0.81% 442 Florida State Board of Administration Finance 1,295,000 7/1/2025 4.480% 2 36,736 1.26% 4,062 Florida State Board of Administration Finance 505,000 7/1/2025 4.480% 2 12,596 1.11% 1,393 Los Angeles Community College District 925,000 8/1/2025 4.430% 2 16,730 0.77% 1,783 New Jersey Turnpike Authority 505,000 1/1/2026 4.890% 3 14,588 1.05% 1,318 Supranational Securities
Intl Bank Of Reconstruction And Dev 1,790,000 11/24/2023 4.810% 1 3,759 0.32% 1,437 Inter-American Development Bank 4,095,000 9/23/2024 4.330% 1 31,918 0.52% 5,359 Overnight Investments 47,361,889 Varies Varies 4.64% 548,308 Totals (Main Portfolio) 455,501,559 20,452,366 2.54% 2,888,868 Notes:
1. Earnings projections are based on stated par value, future market expectations and current investment positions.
2. Earnings on overnight investments are based on the investment balances and the Fed Funds Futures rates.
3. Callable securities priced above par are considered to be called on their next call date. #11..
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Attachment 5
Issue Name / Type Trustee Bank Investment Total Amount
1993 Community Center Refinancing U.S. Bank First American Treasury Obligation Fund $1,721,239.29 1993 Golf Course Refinancing U.S. Bank First American Treasury Obligation Fund $513,190.82 Instl Res Tre and Agny Cash Adv6541 $266,593.33
Financial Guaranty Insurance Pol $1.00
CAMP $1,979,350.32
Total $2,245,944.65
Instl Res Tre and Agny Cash Adv6541 $249,420.29
CAMP $4,896,693.94
Total $5,146,114.23
2018 Wastewater Refunding Bank of New York Fidelity Inv MM Trsy Only $22.65 Fairview Village Refunding US Bank First American Government $196,646.32 Blackrock Federal Fund Instl 30 $530,410.26
CAMP $2,803,488.27
Total $3,333,898.53
PCE Litigation Bank of America Business Interest Maximizer $491,993.46 Water ARRA Grants Bank of the West Business Money Market $36,289.42 Other Post Employment Benefits Section 115
Trust PARS HighMark Plus Moderate $1,439,848.29
Pension Section 115 Trust PARS HighMark Plus Moderately Conservative $2,570,105.78 Athens Administrators (New Third Party
Administrator - Worker's Compensation) Wells Fargo Bank $533,900.38 George Hills Company - General Liability Claims
Administration Services California Bank & Trust - $2,918.89 *
Kemper Sports Management Inc. BMO Harris Bank Business Money Market $49,294.15 Stanislaus Community Foundation Modesto Commerce Bank Charles Schwab $717,421.35 California Bank of
Commerce $3,391,198.78
Columbia Bank $374,218.52
Banner Bank $19,282.55
Village One #2 Refunding Bank of New York
Third-Party Construction Contract Retention
* George Hills has a negative amount because the current balance includes the value of outstanding checks. The balance at the fiscal agent excluding outstanding checks is $9,646.71
Cash with Fiscal Agent Investments
As of March 31, 2023
2008 Water Refunding COP Bank of New York
2008 Lease Revenue Bonds Bank of New York
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CITY OF MODESTO
COUNCIL AGENDA REPORT
DATE OF MEETING:
June 6, 2023
Date: May 23, 2023
TO: Mayor and City Council
THROUGH: Joseph P. Lopez, City Manager
FROM: DeAnna Christensen, Director of Finance
SUBJECT: Modesto Irrigation District Financing Authority Domestic Water Project Revenue Bonds, Series 2007F Interest Rate Swap Amendment
CONTACT: DeAnna Christensen, Director of Finance, [email protected], 209-577-5387
DESCRIPTION:
Consider approving a change in the interest rate index for the Modesto Irrigation District Financing Authority Domestic Water Project Revenue Bonds, Series 2007F and the related interest rate swap; and authorizing the payment of costs. (Funding Source: Water Fund) STRATEGIC PLAN ELEMENT:
This item supports the City of Modesto 2020-2025 Strategic Plan Focus of Governance and Service Delivery under goal H: Achieve Financial Sustainability.
BACKGROUND:
On June 26, 2007, the Modesto Irrigation District Financing Authority (the “Authority”) issued its Domestic Water Project Revenue Bonds, Series 2007F (the “Bonds”) in order to assist the Modesto Irrigation District (the “MID”) in financing a Phase Two expansion to its domestic water treatment and delivery system (the “Treatment Facility”). This debt issuance was approved by City Council on May 8, 2007 under Resolution 2007-275. Pursuant to an Amended and Restated Treatment and Delivery Agreement between the MID and the City, the City agreed to purchase the Treatment Facility output and pay all costs associated with the Treatment Facility, including financing costs.
DISCUSSION:
The Bonds bear interest at a rate equal to 67% of three-month London Interbank Offer Rate (LIBOR) plus a spread of 0.58% for the Bonds maturing on September 1, 2027, and plus 0.63% for the Bonds maturing on September 1, 2037. MID entered into a swap contract with JPMorgan Chase Bank, N.A., the swap counterparty, in order to eliminate the interest rate risk on the Bonds. The swap contract requires the swap counterparty to pay floating rates of 67% of threemonth LIBOR plus the applicable spread (corresponding with the variable rate payable on the Bonds), effectively matching the variable components of the bonds and the swap contract. #12..
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City Council, June 6, 2023
Modesto Irrigation District Financing Authority Domestic Water Project Revenue Bonds, Series 2007F Interest Rate Swap Amendment
The LIBOR index will terminate (for financial instruments generally) after June 30, 2023, making it necessary for the City and MID to take action to address the Series 2007F Bonds, since they are currently tied to the LIBOR index. On March 15, 2022, President Biden signed federal legislation known as the Adjustable Interest Rate (LIBOR) Act 1(the “LIBOR Act”), which addresses agreements that include LIBOR as a benchmark and did not contemplate a replacement benchmark should LIBOR be discontinued. The LIBOR Act provides that for agreements containing no fallback benchmark provisions, the benchmark replacement will be the Secured Overnight Financing Rate (“SOFR”), including a specified spread adjustment. For agreements having no fallback provisions, this new benchmark rate will automatically replace LIBOR upon its cessation. The Series 2007F Bonds are subject to the LIBOR Act as the Bond documents do not include a fallback provision that specifies a replacement index in the event of the discontinuation of the LIBOR index. The Bonds will convert from the LIBOR index to the SOFR index by operation of the federal LIBOR Act. To maintain the perfect matching of the Bonds and related swap contract that has been in effect since the inception of the transaction, the contract will also need to be amended to the identical index.
This amendment was approved by the Modesto Irrigation District board on May 9, 2023. Since these bonds were issued by the Authority, they will be the authorized authority of the amendments to the swap contract. As noted above, the City pays all costs associated with the Treatment Facility, including financing costs. The swap contract costs are financing costs for that purpose.
FISCAL IMPACT:
City staff has worked with MID staff and consultants for the purpose of amending the 2007F swap documentation, to be effective on the first interest rate reset date after June 30, 2023, to incorporate a non-LIBOR interest rate regime for the 2007F Swap Contract, being the threemonth term SOFR. The Council is requested to approve the amendments of the MID swap contract and the payment of the associated costs, which are estimated to include the fees of the MID’s bond counsel, municipal advisor, and swap advisor, the fees of the City’s bond counsel, financial advisor to the City. PFM Swap Advisors, the City’s and MID’s swap advisor, has estimated the fixed rate paid under the interest rate on the swap contract will need to be adjusted by approximately 5 basis points to cover the counterparty’s additional hedging costs associated with the change from LIBOR to SOFR. Staff and PFM have estimated the other third-party costs associated with the transaction at approximately $115,000 which will be funded through the Water Fund.
Party Estimated Fee
Orrick (Bond Counsel to MID) $30,000
Norton Rose Fulbright (Bond Counsel to City) 15,000
PFM Financial Advisors (Municipal Advisor to MID) 10,000 PFM Financial Advisors (Municipal Advisor to City) 20,000 PFM Swap Advisors (Swap Advisor) 40,000
Total $115,000
1 https://www.congress.gov/bill/117th-congress/house-bill/4616/text #12..
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City Council, June 6, 2023
Modesto Irrigation District Financing Authority Domestic Water Project Revenue Bonds, Series 2007F Interest Rate Swap Amendment
COMMITTEE RECOMMENDATION:
This item was presented at the May 22, 2023 Finance Committee and approved to move forward to Council.
RECOMMENDED COUNCIL ACTION:
Staff Recommendations:
Resolution of the City Council of the City of Modesto approving a change in the interest rate for the Modesto Irrigation District Financing Authority Domestic Water Project Revenue Bonds, Series 2007F and the related interest rate swap; and authorizing the payment of costs associated therewith.
Approved by:
DeAnna Christensen, Director of Finance
Joseph P. Lopez, City Manager
Attachments:
1. Resolution
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06/06/2023/Finance/DChristensen/Item XX 1 2023-XX
MODESTO CITY COUNCIL
RESOLUTION NO. 2023-
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MODESTO
APPROVING A CHANGE IN THE INTEREST RATE FOR THE MODESTO
IRRIGATION DISTRICT FINANCING AUTHORITY DOMESTIC WATER
PROJECT REVENUE BONDS, SERIES 2007F AND THE RELATED INTEREST RATE SWAP; AND AUTHORIZING THE PAYMENT OF COSTS ASSOCIATED
THEREWITH
WHEREAS, on June 26, 2007, the Modesto Irrigation District Financing Authority (the “Authority”) issued its Domestic Water Project Revenue Bonds, Series 2007F (the “Bonds”) pursuant to the Trust Agreement, dated as of June 1, 2007, between the Authority and Computershare Trust Company, National Association, as successor trustee (the “Trust Agreement”), in order to assist the Modesto Irrigation District (the “District”) in acquiring and financing the acquisition, design, construction and installation of a Phase Two expansion to the domestic water treatment and delivery system of the District (the “Treatment Facility”); and
WHEREAS, pursuant to an Amended and Restated Treatment and Delivery Agreement (the “Supply Agreement”) between the District and the City of Modesto (the “City”), the City has agreed to purchase the Treatment Facility output and pay all costs associated with the Treatment Facility, including financing costs; and WHEREAS, the Bonds bear interest at a rate equal to 67% of three-month LIBOR plus a spread of 0.58% for the Bonds maturing on September 1, 2027, and 0.63% for the Bonds maturing on September 1, 2037, in each case subject to a maximum rate of the lesser of (i) the maximum rate of interest allowed under State law or (ii) 12%; and WHEREAS, the District entered into a swap contract (the “Series 2007F Swap Contract”) with JPMorgan Chase Bank, N.A. (as successor to Bear Stearns Capital #12..
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06/06/2023/Finance/DChristensen/Item XX 2 2023-XX
Markets Inc., the “Swap Counterparty”) in order to eliminate the interest rate risk on the Bonds and achieve the lowest cost of funds on the Bonds; and WHEREAS, Series 2007F Swap Contract related to the Bonds requires the Swap Counterparty to pay floating rates of 67% of three-month LIBOR plus the applicable spread (corresponding with the variable rate payable on the Bonds, which will also be changed by operation of Federal law); and
WHEREAS, the LIBOR Rate is being discontinued as of June 30, 2023 by operation of Federal law; and
WHEREAS, City staff has worked with District staff and consultants for the purpose of amending the 2007F Swap Contract documentation (“Swap Amendments”), to be effective on the first interest rate reset date after June 30, 2023, to incorporate a nonLIBOR interest rate regime for the 2007F Swap Contract, being the three-month CME Term SOFR Reference Rate1; and
WHEREAS the Authority has hired PFM Financial Advisors LLC (“PFM”), as municipal advisor for the 2007F Swap Contract interest rate transition, to advise on the amended terms of the 2007F Swap Contract that is expected to provide the best economic equivalent rate to the City; and
1 SOFR is the Secured Overnight Financing Rate, a benchmark interest rate for dollar-denominated derivatives and loans that is replacing LIBOR. The three-month CME Term SOFR Reference Rate is a benchmark provided by CME Group Benchmark Administration Limited. The reference rate provides an indicative, forward-looking measurement of SOFR rates, based on market expectations implied from leading derivatives markets.
135623410.3
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06/06/2023/Finance/DChristensen/Item XX 3 2023-XX
WHEREAS, the Authority has also hired the law firm of Orrick, Herrington & Sutcliffe LLP, Bond Counsel to the Authority, to assist in the documentation of the Swap Amendments.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Modesto, as follows:
Section 1. Approval of Swap Amendments and Related Costs. The Council approves the Swap Amendments and hereby approves the payment of the costs associated with the Swap Amendments, including (without limitation) the fees of the Authority’s Bond Counsel and swap advisor, the fees of the City’s bond counsel (Norton Rose Fulbright US LLP), and the fees of PFM, as financial advisor to the City. Staff and PFM have estimated the costs at approximately $115,000. The Council further authorizes and directs the City Finance Director, the City Manager and their respective designees to take any further actions necessary to implement the Swap Amendments, and all of the acts of such City officials which are in conformity with the intent and purposes of this Resolution, whether heretofore or hereafter taken or done, are hereby ratified, confirmed and approved.
Section 2. Finding. The City Council hereby finds and determines, pursuant to Section 5922 of the California Government Code, that the 2007F Swap Contract as amended by the Swap Amendments are designed to reduce the amount or duration of rate or spread risk when used in combination with the Bonds, and, in particular, to reduce the rate or spread risk between the variable payments to be made by the City under the Supply Agreement (which are pledged under the Trust Agreement to secure the Bonds) and the net fixed interest cost of the Bonds.
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06/06/2023/Finance/DChristensen/Item XX 4 2023-XX
Section 3. Effective Date. This Resolution shall take effect immediately upon its passage.
The foregoing resolution was introduced at a regular meeting of the Council of the City of Modesto held on the 6th day of June, 2023, by Councilmember ____, who moved its adoption, which motion being duly seconded by Councilmember ____, was upon roll call carried and the resolution adopted by the following vote:
AYES: Councilmembers:
NOES: Councilmembers:
ABSENT: Councilmembers:
ATTEST: _____________________________
DIANE NAYARES-PEREZ, CMC,
City Clerk
(SEAL)
APPROVED AS TO FORM:
BY: ________________________________
JOSE M. SANCHEZ, City Attorney
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CITY OF MODESTO
COUNCIL AGENDA REPORT
DATE OF MEETING:
June 6, 2023
Date: May 1, 2023
TO: Mayor and City Council
THROUGH: Joseph P. Lopez, City Manager
FROM: DeAnna Christensen, Director of Finance
SUBJECT: Fiscal Year 2023-2024 Equipment Maintenance Agreements CONTACT: Dianne Love, Purchasing Manager, [email protected], 209-571-5164 DESCRIPTION:
Consider approving payment of various Equipment Maintenance Agreements for Fiscal Year 2023-2024 with multiple equipment manufacturers for all City Departments, for an annual cost not to exceed $896,155; and authorizing the City Manager, or his designee to execute Equipment Maintenance Agreements associated with the items in Exhibit B – Fiscal Year 2023- 2024 Equipment Maintenance Agreements (more than $50,000). (Funding Source: Various Funds)
STRATEGIC PLAN ELEMENT:
These items support the City of Modesto 2020-2025 Strategic Plan Focus of Governance and Service Delivery under goal H: Achieve Financial Sustainability.
BACKGROUND:
The City purchases office and operational equipment through the purchasing bidding process based on the requirements of the City of Modesto Municipal Code Title 8 Chapter 3. With the purchase of this equipment, on-going maintenance will be necessary. The City will require ongoing technical support which can be provided under maintenance/support agreements for equipment. For all new equipment purchases made, the City will purchase ongoing maintenance service for the equipment for a specified time period based on what is available through the manufacturer when the initial purchase is made. As part of the bidding process for the office equipment, for purchases such as copiers, the City has frequently selected a local vendor to provide maintenance service due to the quick turnaround in service that can be provided with a local vendor compared to a vendor located outside of the Modesto area.
As part of preparation of the annual fiscal year budget, the annual costs for this maintenance service have historically been approved by Council through the annual budget adoption process. Several of the equipment maintenance agreements purchased will be conducted as “sole source” procurements from the maintenance provider recommended by the manufacturer.
Based on the normal threshold, all other maintenance agreements shall be procured through the approved purchasing process.
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City Council, June 6, 2023
Fiscal Year 2023-2024 Equipment Maintenance Agreements
DISCUSSION:
The Finance Department and Information Technology departments will bring an item to Council every fiscal year for all maintenance agreements being utilized by City Departments. The Purchasing Division will continue to evaluate the cost-effectiveness of these maintenance agreements, especially as the equipment ages over the depreciated life of the asset.
A significant amount of these maintenance agreements are routine in nature, and do not drastically change each year in regards to standard maintenance service being provided. Staff is requesting a fiscal year authorization for all equipment maintenance for Fiscal Year 2023- 2024. Exhibit A is an itemized list of the equipment maintenance agreements being utilized by City departments for agreements less than $50,000 under the City Manager’s approval authority. Exhibit B provides the itemized equipment maintenance agreements utilized by the City departments greater than $50,000 requiring authorization by City Council.
Modesto Municipal Code Section 8-3.203 generally requires all purchases, which meet or exceed $50,000 for material, equipment, or contractual services to follow formal bid procedures.
However, MMC 8-3.204(b) provides that a purchase may be exempted from the City’s formal bidding requirement where the Purchasing Agency’s requirements can be met solely by a single article or process. The initial purchase of the equipment and maintenance services were primarily established under a competitive bidding process and the annual renewal for the maintenance services must continue under the original vendor due to the warranty of the services and these vendors being sole maintenance provider for the various equipment.
FISCAL IMPACT:
The City of Modesto maintains over 100 pieces of office and operational equipment that requires maintenance to ensure the City gets the most value out of the asset. The annual maintenance cost ranges from less than $1,000 to up to $151,000 per year, per piece of equipment. Some of the high-value maintenance cost is associated with security camera maintenance or building equipment maintenance for City facilities and security surveillance. #13..
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City Council, June 6, 2023
Fiscal Year 2023-2024 Equipment Maintenance Agreements
The funding sources being utilized to cover the cost associated with the maintenance cost is provided below:
Fund Name Over $50,000 Under $50,000
Airport Fund $ - $ 1,212
Building Services Fund $ - $ 9,438
Capital Improvement Fund $ 3,135 $ 7,610
Centre Plaza $ 87,000 $ 8,397
General Fund $ 213,102 $ 378,884
Fleet Fund $ - $ 8,213
Green Waste Fund $ 2,873 $ -
Information Technology $ 3,650 $ -
Parking Services $ 60,500 $ 8,779
Solid Waste Fund $ 764 $ -
Surface Transportation Fund $ 1,025 $ 1,747
Wastewater Fund $ 25,672 $ 27,799
Water Fund $ 10,861 $ 35,494
Grand Total $ 408,582 $ 487,573
COMMITTEE RECOMMENDATION:
This item was considered by the Finance Committee in the Budget Workshop on April 18, 2023.
The Finance Committee approved forwarding this to the City Council for approval.
RECOMMENDED COUNCIL ACTION:
Staff Recommendations:
Resolution approving payment of various Equipment Maintenance Agreements for Fiscal Year 2023-2024 with multiple equipment manufacturers for all City Departments, for an annual estimated cost not to exceed $896,155; and authorizing the City Manager, or his designee, to execute Equipment Maintenance Agreements associated with the items in Exhibit B – Fiscal Year 2023-2024 Equipment Maintenance Agreements (more than $50,000).
Approved by:
DeAnna Christensen, Director of Finance
Joseph P. Lopez, City Manager
Attachments:
1. Resolution
2. Exhibit A - Fiscal Year 2023-2024 Equipment Maintenance Less than 50K
3. Exhibit B - Fiscal Year 2023-2024 Equipment Maintenance Over 50K #13..
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1 MODESTO CITY COUNCIL
RESOLUTION NO. 2023-XXX
RESOLUTION APPROVING PAYMENT OF VARIOUS EQUIPMENT
MAINTENANCE AGREEMENTS FOR FISCAL YEAR 2023-2024 WITH
MULTIPLE EQUIPMENT MANUFACTURERS FOR ALL CITY
DEPARTMENTS, FOR AN ANNUAL ESTIMATED COST NOT TO EXCEED $896,155; AND AUTHORIZING THE CITY MANAGER, OR HIS DESIGNEE,
TO EXECUTE EQUIPMENT MAINTENANCE AGREEMENTS ASSOCIATED
WITH THE ITEMS IN EXHIBIT B – FISCAL YEAR 2023-2024 EQUIPMENT MAINTENANCE AGREEMENTS (MORE THAN $50,000)
WHEREAS, the City purchases office and operational equipment through the purchasing bidding process based on the requirements of the City of Modesto Municipal Code Title 8 Chapter 3, and
WHEREAS, as part of the bidding process for the office equipment, for purchases such as copiers, the City has frequently selected a local vendor to provide maintenance service due to the quick turnaround in service that can be provided with a local vendor compared to a vendor located outside of the Modesto area, and WHEREAS, as part of preparation of the annual fiscal year budget, the annual costs for this maintenance service has been historically approved by Council through the annual budget adoption process, and
WHEREAS, the Finance Department and Information Technology Department will bring an item to Council every fiscal year to provide transparency for all maintenance agreements being utilized by City Departments; The Purchasing Division will continue to evaluate the cost-effective use of these maintenance agreements especially as the equipment ages over the depreciated life of the asset, and #13..
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2 WHEREAS, Exhibit A is an itemized list of the equipment maintenance agreements being utilized by City departments for agreements less than $50,000 under the City Manager’s approval authority, and
WHEREAS, Exhibit B provides the itemized equipment maintenance agreements utilized by the City departments greater than $50,000 requiring authorization by City Council, and
WHEREAS, Modesto Municipal Code Section 8-3.203 generally requires all purchases, which meet or exceed $50,000 for material, equipment, or contractual services to follow formal bid procedures, and
WHEREAS, MMC 8-3.204(b) provides that a purchase may be exempted from the City’s formal bidding requirement where the Purchasing Agency’s requirements can be met solely by a single article or process. The initial purchase of the equipment and maintenance services were primarily established under a competitive bidding process and the annual renewal for the maintenance services must continue under the original vendor due to the warranty of the services and these vendors being sole maintenance provider for the various equipment.
NOW, THEREFORE, BE IT RESOLVED by the Council of City of Modesto that it hereby authorizes the approving of payment for various equipment maintenance agreements for Fiscal Year 2023-2024 with multiple equipment manufacturers for all City Departments,
BE IT FURTHER RESOLVED that the City Manager, or his designee, is hereby authorized to execute the equipment maintenance agreements for an estimated annual cost of $896,155.
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3 The foregoing resolution was introduced at a regular meeting of the Council of the City of Modesto held on the 6th day of June, 2023, by Councilmember ?, who moved its adoption, which motion being duly seconded by Councilmember ?, was upon roll call carried and the resolution adopted by the following vote:
AYES: Councilmembers: ?
NOES: Councilmembers: ?
ABSENT: Councilmembers: ?
ATTEST: _______________________________________
DIANE NAYARES-PEREZ, CMC, City Clerk
(SEAL)
APPROVED AS TO FORM:
BY: ____________________________________
JOSE M. SANCHEZ, City Attorney
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Exhibit A - Fiscal Year 2023-2024 Equipment Maintenance Agreements (under than $50,000) Vendor/Contractor Name Business Purpose of Equipment
Proposed - FY 23-24
Maintenance Cost Funding Source
3SI SECURITY SYSTEMS Investigatory Tool $ 2,088 General Fund ACCRUENT CMMS $ 7,238 Building Services Fund
ACTION TARGET, INC. Target shooting system at the Tactical Training Center $ 6,596 General Fund AIR WEST FILTRATION / BENZ AIR Station Facilities $ 32,221 General Fund AIRGAS Life saving equipment $ 6,000 General Fund
AMERICAN BARCODE AND RFID Annual Services Agreement for Barcode Machine $ 1,521 General Fund ARC DOCUMENT SOLUTIONS Printing of Maps for Planning division $ 3,381 General Fund ARC DOCUMENT SOLUTIONS Plotters are used to print large sized maps of job sites, etc. $ 7,800 Water Fund ARC DOCUMENT SOLUTIONS Plotter is used to print large size maps of job sites, etc $ - Water Fund ASAP TECHNICAL SOLUTIONS Printing for day-to-day work activities at NCAMP $ 1,522 General Fund
BMI IMAGING
Fujitsu scanner is used by Records to scan and store
electronic records for storage. $ 2,093 General Fund
BOSS BUSINESS SYSTEMS Copier for Jennings WWTP - Training Center $ 2,200 Wastewater Fund CA HEALTH AND SAFETY Breathing equipmemt $ 10,000 General Fund CA REDING Printing for day-to-day work activities $ 2,866 General Fund CA REDING Printing for day-to-day work activities $ 6,859 General Fund CA REDING Department Copier/Printer/Scanner $ 9,602 General Fund CA REDING Copier Maintenance $ 5,630 Transit
CUMMINS Currency Counter - detect counterfeit $ 826 Water Fund CUMMINS Currency Counter - detect counterfeit $ 817 Water Fund CUMMINS Currency Counter - detect counterfeit $ 847 Water Fund CUMMINS Currency Counter - detect counterfeit $ 817 General Fund DELTA WIRELESS Radio Communications equipment $ 43,924 General Fund EKC ENTERPRISES Fire alarm and fire sprinklers $ 4,659 Water Fund EXCEL FITNESS Fitness equipment $ 1,692 General Fund
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Exhibit A - Fiscal Year 2023-2024 Equipment Maintenance Agreements (under than $50,000) Vendor/Contractor Name Business Purpose of Equipment
Proposed - FY 23-24
Maintenance Cost Funding Source
FARO TECHNOLOGIES
Annual Calibration and Certification of 3-D Laser Scanner to Diagram traffic collisions and homicide scenes $ 7,187 General Fund FIRE SERVICE SPECIFICATION & SUPPLY Life saving equipment $ 5,073 General Fund HERITAGE-CRYSTAL CLEAN, LLC. Parts cleaner for fire fighting equipment $ 5,073 General Fund
IMAGEWARE SYSTEMS
Annual hardware maintenance for hardware system in
creating ID badges for department $ 9,570 General Fund
KODAK ALARIS Printing for day-to-day work activities $ 2,538 General Fund LEHR Annual Maintenance for LPR systems $ 48,316 General Fund LUCAS BUSINESS SYSTEMS Printing for day-to-day work activities $ 677 General Fund LUCAS BUSINESS SYSTEMS Printing for day-to-day work activities $ 5,073 Capital Improvement Fund LUCAS BUSINESS SYSTEMS Scan documents, limited color copy use $ 677 General Fund LUCAS BUSINESS SYSTEMS Printing for day-to-day work activities at MYC $ 220 General Fund
LUCAS BUSINESS SYSTEMS
Printing for day-to-day work activities. Copier located in MCP office. $ 3,397 Center Plaza
LUCAS BUSINESS SYSTEMS Printing for day-to-day work activities at McHenry Museum $ 399 General Fund LUCAS BUSINESS SYSTEMS Printing for day-to-day work activities at SCC $ 966 General Fund
LUCAS BUSINESS SYSTEMS
Printing and making copies for in-house programs and
public on an as needed basis. Copier located in PRN alley. $ 7,700 General Fund LUCAS BUSINESS SYSTEMS Printer $ 2,200 Building Services Fund LUCAS BUSINESS SYSTEMS Copier for day-to-day $ 800 Surface Transportation Fund LUCAS BUSINESS SYSTEMS Copier for Sutter WWTP - Building 3 - Maintenance $ 726 Wastewater Fund LUCAS/INLAND Copier, Fax, Scanner $ - General Fund
LUCAS/INLAND Copier, Fax, Scanner $ 4,832 General Fund
LUCAS/INLAND Copier, Fax, Scanner $ 1,650 General Fund
LUCAS/INLAND Copier, Fax, Scanner $ 2,940 General Fund
LUCAS/INLAND Copier, Fax, Scanner $ 2,900 General Fund
LUCAS/INLAND Copier, Fax, Scanner $ 5,077 General Fund
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Exhibit A - Fiscal Year 2023-2024 Equipment Maintenance Agreements (under than $50,000) Vendor/Contractor Name Business Purpose of Equipment
Proposed - FY 23-24
Maintenance Cost Funding Source
LUCAS/INLAND Copier, Fax, Scanner $ 7,920 General Fund
LUCAS/INLAND Copier, Fax, Scanner $ 7,730 General Fund
LUCAS/INLAND Copier, Fax, Scanner $ 7,730 General Fund
MANTECH - FORMERLY MANSCI INC. Mansci Lab Equipment Extended Warrant $ 5,000 Wastewater Fund MOBILE SPIKE Mobile Spike Strips $ 10,000 General Fund
NEC CORPORATION OF AMERICA Automated Fingerprint Identification System - fingerprinting $ 12,118 General Fund OPEX Envelope Opener - opens mixed sized envelopes $ 678 Water Fund OPEX Mail Opener & sorter $ 3,812 Water Fund
PARKEON Off street pay stations $ 4,227 Parking Services Fund PARKFOLIO Off street pay stations /connectivity $ 4,552 Parking Services Fund PUENTES TECHNOLOGIES Copier, Fax, Scanner $ 1,610 General Fund QUADIENT Mail Room Postage & Label Machine $ 14,653 General Fund (UBEO) RAY MORGAN CO. Copier for Building Safety and Neighborhood Preservation $ 3,753 General Fund (UBEO) RAY MORGAN CO. Large Format Printer/Scanner $ 5,075 Wastewater Fund (UBEO) RAY MORGAN CO. Copier for Sutter WWTP - Environmental Services $ 4,200 Wastewater Fund (UBEO) RAY MORGAN CO. Copier is used to make copies $ - Water Fund (UBEO) RAY MORGAN CO. Copier is used to make copies $ 3,850 Water Fund (UBEO) RAY MORGAN CO. Copier is used to make copies $ 3,850 Water Fund (UBEO) RAY MORGAN CO. Copier for Customer Service - Finance $ 1,433 Water Fund
SCANNER ONE
Check Scanner - uploads to RemitPlus for Electronic check file to bank $ 817 Water Fund
SCANTRON Scantron Reader for Recruitment Tests $ 1,475 General Fund SEAL ANALYTICAL Seal Lab Equipment Service Contract $ 9,000 Wastewater Fund SMILE BUSINESS PRODUCTS INC Department Copier-LITT Store $ 400 General Fund SMILE BUSINESS PRODUCTS INC Department Copier-JEFF Store $ 400 General Fund
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Exhibit A - Fiscal Year 2023-2024 Equipment Maintenance Agreements (under than $50,000) Vendor/Contractor Name Business Purpose of Equipment
Proposed - FY 23-24
Maintenance Cost Funding Source
SMILE BUSINESS PRODUCTS INC Purchasing Copier $ 1,198 General Fund
SMILE BUSINESS PRODUCTS INC
Day to day copy purposes, parts, labor, staples,
maintenance and support ending 4/21/21-501 N Jefferson $ 2,000 General Fund SSD SYSTEMS Alarm service $ 2,537 General Fund
SURTEC Investigatory Tool $ - General Fund
TECA Data Safe Corporation (CYBERNETIC) Tape Library Backup/Utility Billing System $ 5,603 Water Fund TECHNOLOGY UNLIMITED MAINTENANCE CASH COUNTER BALANCING ROOM $ 500 Water Fund
THE RADAR SHOP
Annual Calibration and Certification and repair of Radar and Lidar Guns for mitigating traffic safety. $ 5,073 General Fund TRANE MCP Fountain Maintenance - Annual $ 5,000 Center Plaza VERTIV Annual Maintenance for Battery Backup for MPD Servers $ 9,350 General Fund WEST COAST DOOR AND GATE Station facility $ 49,781 General Fund ZOOM IMAGING Accounting Copier $ 1,125 General Fund
ZOOM IMAGING Department Copier-LITT Store $ 1,933 General Fund ZOOM IMAGING Department Copier $ 1,127 General Fund
ZOOM IMAGING Copier, Fax, Scanner $ - Information Technology ZOOM IMAGING Copier for day-to-day $ 1,412 Fleet Fund
ZOOM IMAGING Copier for day-to-day $ 1,170 Fleet Fund
ZOOM IMAGING Copier for day-to-day $ 946 Surface Transportation Fund ZOOM IMAGING Copier for day-to-day $ 1,211 Airport Fund ZOOM IMAGING Printer/Copier $ 2,537 Capital Improvement Fund ZOOM IMAGING Copier for Sutter WWTP - Building 2 - Collections $ 1,597 Wastewater Fund TOTAL $ 487,573
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Exhibit B - Fiscal Year 2023-2024 Equipment Maintenance Agreements (more than $50,000) Vendor/Contractor Name Business Purpose of Equipment
Proposed - FY 23-24
Maintenance Cost Funding Source
AMERICAN CHILLER CO. Heating and Cooling of the Modesto Centre Plaza $ 87,000 Centre Plaza STRYKER SALES CORPORATION Life saving equipment $ 700 General Fund STRYKER SALES CORPORATION Life saving equipment $ 700 General Fund STRYKER SALES CORPORATION Life saving equipment $ 700 General Fund STRYKER SALES CORPORATION Life saving equipment $ 700 General Fund STRYKER SALES CORPORATION Life saving equipment $ 700 General Fund STRYKER SALES CORPORATION Life saving equipment $ 700 General Fund STRYKER SALES CORPORATION Life saving equipment $ 700 General Fund STRYKER SALES CORPORATION Life saving equipment $ 700 General Fund STRYKER SALES CORPORATION Life saving equipment $ 700 General Fund STRYKER SALES CORPORATION Life saving equipment $ 700 General Fund STRYKER SALES CORPORATION Life saving equipment $ 1,926 General Fund STRYKER SALES CORPORATION Life saving equipment $ 700 General Fund STRYKER SALES CORPORATION Life saving equipment $ 1,926 General Fund STRYKER SALES CORPORATION Life saving equipment $ 1,926 General Fund STRYKER SALES CORPORATION Life saving equipment $ 1,926 General Fund STRYKER SALES CORPORATION Life saving equipment $ 1,926 General Fund STRYKER SALES CORPORATION Life saving equipment $ 1,926 General Fund STRYKER SALES CORPORATION Life saving equipment $ 166,100 General Fund MO-CAL OFFICE SOLUTIONS Copier, Fax, Scanner $ 3,650 Information Technology MO-CAL OFFICE SOLUTIONS Copier/Printer/Scanner $ 3,313 Water Fund MO-CAL OFFICE SOLUTIONS Printer $ 2,538 Wastewater Fund MO-CAL OFFICE SOLUTIONS Copy documents for City Manager, Council and Auditor's office $ 5,990 General Fund MO-CAL OFFICE SOLUTIONS Copier for Jennings WWTP - Administration $ 3,714 Wastewater Fund MO-CAL OFFICE SOLUTIONS Copier for Sutter WWTP - Building 1 - Administration $ 6,000 Wastewater Fund MO-CAL OFFICE SOLUTIONS Printing for day-to-day work activities $ 3,135 Capital Improvement Fund MO-CAL OFFICE SOLUTIONS Printing for day-to-day work activities $ 3,135 General Fund MO-CAL OFFICE SOLUTIONS Copier/Printer/Scanner
MO-CAL OFFICE SOLUTIONS Copier/Printer/Scanner
MO-CAL OFFICE SOLUTIONS Copier/Printer/Scanner
MO-CAL OFFICE SOLUTIONS Copier/Printer/Scanner
MO-CAL OFFICE SOLUTIONS Copier/Printer/Scanner
MO-CAL OFFICE SOLUTIONS Copier/Printer/Scanner
MO-CAL OFFICE SOLUTIONS Copier/Printer/Scanner
MO-CAL OFFICE SOLUTIONS Copier/Printer/Scanner
MO-CAL OFFICE SOLUTIONS Copier/Printer/Scanner
MO-CAL OFFICE SOLUTIONS Copier/Printer/Scanner
MO-CAL OFFICE SOLUTIONS Copier/Printer/Scanner
MO-CAL OFFICE SOLUTIONS Copier/Printer/Scanner
MO-CAL OFFICE SOLUTIONS Copier/Printer/Scanner
MO-CAL OFFICE SOLUTIONS Copier/Printer/Scanner
MO-CAL OFFICE SOLUTIONS Copier/Printer/Scanner
MO-CAL OFFICE SOLUTIONS Copier/Printer/Scanner
MO-CAL OFFICE SOLUTIONS Copier/Printer/Scanner
MO-CAL OFFICE SOLUTIONS Copier/Printer/Scanner $ 2,872 Green Waste Fund MO-CAL OFFICE SOLUTIONS Copier/Printer/Scanner $ 1,025 Surface Transportation Fund MO-CAL OFFICE SOLUTIONS Printer/Copier/Scanner $ 3,383 Wastewater Fund MO-CAL OFFICE SOLUTIONS Printer/Copier/Scanner $ 3,383 Wastewater Fund $ 15,778 General Fund
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Exhibit B - Fiscal Year 2023-2024 Equipment Maintenance Agreements (more than $50,000) Vendor/Contractor Name Business Purpose of Equipment
Proposed - FY 23-24
Maintenance Cost Funding Source
MO-CAL OFFICE SOLUTIONS Copier Maintenance $ 1,012 General Fund
MO-CAL OFFICE SOLUTIONS
Printing and making copies for in-house programs and public on an as needed basis. Admin copier located in PRN mailroom. $ - General Fund MO-CAL OFFICE SOLUTIONS Copier for Sutter WWTP - Building 2 - Collections $ 6,655 Wastewater Fund MO-CAL OFFICE SOLUTIONS Copier is used to make copies, scan, fax $ 7,545 Water Fund MO-CAL OFFICE SOLUTIONS Copier $ 763 Solid Waste Fund
MO-CAL OFFICE SOLUTIONS Copier $ 737 General Fund
MO-CAL OFFICE SOLUTIONS Printing for day-to-day work activities $ 1,100 General Fund MO-CAL OFFICE SOLUTIONS Copier/Printer/Scanner $ - Green Waste Fund AMANO PARCS $ 60,500 Parking Services
TOTAL $ 408,582
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CITY OF MODESTO
COUNCIL AGENDA REPORT
DATE OF MEETING:
June 6, 2023
Date: May 9, 2023
TO: Mayor and City Council
THROUGH: Joseph P. Lopez, City Manager
FROM: DeAnna Christensen, Director of Finance
SUBJECT: American Rescue Plan Act Re-allocation
CONTACT: DeAnna Christensen, Director of Finance, [email protected], 209-577-5387
DESCRIPTION:
Consider approving the City’s Pandemic Recovery Strategy, Modesto Forward, for the reallocation of American Rescue Plan Act (ARPA) Funds defined under Exhibit A. (Funding Source: American Rescue Plan Act Funds)
STRATEGIC PLAN ELEMENT:
This item supports each of the initiatives in the City’s 2020-2025 Strategic Plan.
BACKGROUND:
Since the adoption of the local health emergency, the City has implemented a variety of measures and programs to help slow the spread of COVID-19 and mitigate the associated impact of the pandemic. The response has included safe transit opportunities available at no cost, open-air program for restaurants, business enforcement and monitoring programs, small business grants, adjustments/closures to city facilities, in-door shelter for at-risk homeless individuals, and telecommuting opportunities for employees. Additionally, the City also has directly supported the County with making testing centers and a vaccine clinic available that are directly managed and supported by City personnel. The applied interventions and mitigation strategies along with the City’s coordination with local, state and federal partners have been an essential component of the City’s successful response.
In April 2021, President Biden signed into law the American Rescue Plan Act a $1.9 trillion emergency relief measure intended to provide relief to address the impact of COVID-19. Key allocations from the American Rescue Plan that have been made available directly from the federal government for the community including direct support for businesses, homeowners, renters, and restaurant/bar owners.
This legislation made a historic investment into local governments that includes $45,897,056 available to the City of Modesto to help address the local impact of COVID-19. The $45.89 million is being made available by the U.S Treasury directly to the City in two tranches: 50 #14..
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City Council, June 6, 2023
American Rescue Plan Act Re-allocation
percent was made available in May 2021, and the remaining 50 percent was received on June 6, 2022. The deadline to obligate funds is December 31, 2024, and the deadline to expend the funds is December 31, 2026.
The Treasury Department has periodically released guidance on the eligibility of funds and released their Final Rule for the use of ARPA funds in January 2022. A summary of the allowable uses is below:
1. Public Health Response
a. Coronavirus State and Local Fiscal Recovery Funds provide resources to support the public health and safety response required due to the pandemic.
Additionally, these funds also can support through services that address disparities in public health that have been exacerbated by the pandemic. The City is able to use this funding to address a broad range of public health needs across COVID-19 mitigation, medical expenses, behavioral healthcare, and public health resources.
2. Address Negative Economic Impacts
a. To help alleviate the economic hardships caused by the pandemic, Coronavirus State and Local Fiscal Recovery Funds enable eligible state, local, territorial, and Tribal governments to provide a wide range of assistance to individuals and households, small businesses, and impacted industries, in addition to enabling governments to rehire public sector staff and rebuild capacity. Among these uses include:
i. Supporting small businesses, helping them to address financial challenges caused by the pandemic and to make investments in COVID19 prevention and mitigation tactics, as well as to provide technical assistance. To achieve these goals, recipients may employ this funding to execute a broad array of loan, grant, in-kind assistance, and counseling programs to enable small businesses to rebound from the downturn.
ii. Speeding the recovery of the tourism, travel, and hospitality sectors, supporting industries that were particularly hard-hit by the COVID-19 emergency and are just now beginning to mend. Similarly impacted sectors within a local area are also eligible for support
3. Supporting the Hardest-Hit Communities and Families
a. Support with investments in housing and neighborhoods, such as services to address individuals experiencing homelessness, affordable housing development, housing vouchers, and residential counseling and housing navigation assistance to facilitate moves to neighborhoods with high economic opportunity.
b. Addressing educational disparities through new or expanded early learning services, providing additional resources to high-poverty school districts, and #14..
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City Council, June 6, 2023
American Rescue Plan Act Re-allocation
offering educational services like tutoring or afterschool programs as well as services to address social, emotional, and mental health needs.
4. Replacing Lost Public Sector Revenue
a. Recipients may use these funds to replace lost revenue. The Treasury’s Final Rule establishes a methodology that each recipient can use to calculate its reduction in revenue. Alternatively, recipients may choose to take a standard allowance of $10 million in Revenue Replacement over the life of the program to be used on governmental services, rather than utilize the revenue loss formula for their amount of eligible funds. Because of the flexibility that using the standard allowance of $10 million offers the organization, the City of Modesto is opting to use the standard allowed rather than the revenue loss formula to help promote the ability of the organization to maximize the reach of the funds.
5. Investments in Water and Sewer Infrastructure
a. Recipients may use Coronavirus State and Local Fiscal Recovery Funds to invest in necessary improvements to their water and sewer infrastructures, including projects that address the impacts of climate change. Recipients may use this funding to invest in an array of drinking water infrastructure projects, such as building or upgrading facilities and transmission, distribution, and storage systems, including the replacement of lead service lines.
6. Investments in Broadband Infrastructure
a. Recognizing the acute need in certain communities, Treasury’s Final Rule provides that investments in broadband be made in areas that are currently unserved or underserved—in other words, lacking a wireline connection that reliably delivers minimum speeds of 25 Mbps download and 3 Mbps upload.
DISCUSSION:
The Modesto Forward strategy was approved by Resolution 2021-194 on May 25, 2021, and it included various allocations of funding, which are attached to this item identified as the Year 1 strategy (Attachment 2). Further, under Resolution 2022-237 on July 12, 2022, the Year 2 expenditure plan was approved based on soliciting priorities from the public and the Council at the three standing City Council Committees: Economic Development, Safety and Communities, and Finance. Staff identified this plan by facilitating a 10-question survey intended to gauge the priority areas of the community and received approximately 700 responses to the survey.
With the voters’ approval of Measure H, City staff is proposing to reallocate the remaining ARPA Reserve Funding not yet assigned to an identified program and funds previously allocated to various on-going ARPA programs that are now defined as part of the Measure H spending plan, to new ARPA programs. In addition, there are a few implemented ARPA programs with final expenditures that are less than the ARPA allocated funding, allowing for the remaining funding to be reallocated to a new program. Below is a summary of Council’s previously approved ARPA program and the amounts proposed to be reallocated for a new ARPA program:
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City Council, June 6, 2023
American Rescue Plan Act Re-allocation
Approved ARPA Program Reason for Reallocation
Amount Available
for Reallocation
Employee Recognition Program Measure H Spending Plan $ 20,000 Innovation Lab Measure H Spending Plan $ 100,000
Mental Health Response (2 addtl. Years) Measure H Spending Plan $ 850,000 Park Ranger Extension (1.5 addtl. Years) Measure H Spending Plan $ 624,000 Blight Abatement (2 addtl. Years) Measure H Spending Plan $ 650,000 Deferred Maintenance at Parks and Facilities Measure H Spending Plan $ 500,000 Reserve Funding* No Program Assigned $ 1,597,350
TSP Battery Back Up System Upgrade Remaining ARPA Funds Available $ 200,000 Upgrade online service application software for Utility billing Remaining ARPA Funds Available $ 36,936 Totals $ 4,578,286
1 Staff made these recommendations after reviewing various community partner funding requests and key priorities for the community. These programs were evaluated to ensure they complied with the eligible expenses based on the guidance that had been made available by the Treasury Department. Below are the proposed recommendations for the reallocation of the new ARPA programs and funding contributions:
Exhibit A:
Recommended New ARPA Project
Amount for
Reallocation
State Theatre - Funding Contribution $ 75,000
Modesto Area Partners in Science - Funding Contribution $ 50,000 Gallo Arts Center - Funding Contribution $ 25,000
Modesto Sister Cities (MSCI) - Funding Contribution $ 35,000 Central Valley Opportunity Center (CVOC) - Funding Contribution $ 25,000 Convention and Visitor's Bureau (CVB) - Funding Contribution $ 250,000 Opportunity Stanislaus - Funding Contribution $ 200,000 Cesar Chavez Renovation Project (Funding) $ 1,200,000
Expand Modesto Beautification (Outside of Downtown) $ 500,000 Enhanced Infrastructure Financing District - Additional Funding $ 218,286 Business Incentives - Expand outside of Downtown $ 500,000 Homeless Services (Day Center, Safe Park, Bridge Housing) $ 1,500,000 Totals $ 4,578,286
FISCAL IMPACT:
The approval of this item will provide relief to the General Fund. Each of these expenditures vary in their scope and staff will continue to periodically monitor the status of spending of each program and return to Council for consideration of the items that require the creation of a new program, the development of a public-private partnership, or modification to the original program. This reallocation of ARPA funds will provide the final spending plan for the full spending of the $45.9 million.
*
Reserve Funding Amount reflects available amount based on Council action for Hazard Pay. #14..
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City Council, June 6, 2023
American Rescue Plan Act Re-allocation
COMMITTEE RECOMMENDATION:
This item was considered by the Finance Committee in the Budget Workshop on April 19, 2023.
The Finance Committee approved forwarding this to the City Council for approval.
RECOMMENDED COUNCIL ACTION:
Staff Recommendations:
Resolution approving the City’s Pandemic Recovery Strategy, Modesto Forward, for the reallocation of American Rescue Plan Act Funds defined under Exhibit A and authorizing the City Manager, or his designee, to carry out the necessary steps to implement the programs and funding allocation.
Approved by:
DeAnna Christensen, Director of Finance
Joseph P. Lopez, City Manager
Attachments:
1. Resolution
2. Modesto Forward Strategy
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06/06/2023/Finance/DChristensen/Item XX 1 2023-XX
MODESTO CITY COUNCIL
RESOLUTION NO. 2023-?
RESOLUTION APPROVING THE CITY’S PANDEMIC RECOVERY
STRATEGY, MODESTO FORWARD, FOR THE REALLOCATION OF
AMERICAN RESCUE PLAN ACT FUNDS DEFINED UNDER EXHIBIT A AND
AUTHORIZING THE CITY MANAGER, OR HIS DESIGNEE, TO CARRY OUT
THE NECESSARY STEPS TO IMPLEMENT THE PROGRAMS AND FUNDING
ALLOCATION
WHEREAS, since the adoption of the local health emergency, the City has implemented a variety of measures and programs to help slow the spread of COVID-19 and mitigate the associated impact of the pandemic, and WHEREAS, the response has included safe transit opportunities available at no cost, open-air program for restaurants, business enforcement and monitoring programs, small business grants, adjustments/closures to city facilities, in-door shelter for at-risk homeless individuals, and telecommuting opportunities for employees, and WHEREAS, the City also has directly supported the County with making testing centers and a vaccine clinic available that are directly managed and supported by City personnel, and
WHEREAS, the State and Federal government have also taken bold steps to support local governments with their response to the pandemic, including through the signing of the Coronavirus, Aid, Relief, and Economic Security (CARES) Act that made $30 million for the City for various programs, and
WHEREAS, in April 2021, President Biden signed into law the American Rescue Plan Act a $1.9 trillion emergency relief measure intended to provide relief to address the impact of COVID-19, and
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06/06/2023/Finance/DChristensen/Item XX 2 2023-XX
WHEREAS, the American Rescue Plan Act is making available $45,897,056 to the City of Modesto to help address the local impact of COVID-19, and WHEREAS, the Treasury Department has released interim guidance to-date and considers the following 6 categories as allowable uses: Public Health Response, Address Negative Economic Impact, Supporting Hardest-Hit Communities and Families, Replacing Lost Public Sector Revenue, Investments in Water and Sewer Infrastructure, and Investments in Broadband, and
WHEREAS, on May 25, 2021, by Resolution 2021-194, the City Council approved the original spending plan for the allocation made available in May 2021, and WHEREAS, under Resolution 2022-237 on July 12, 2022, Year 2 expenditure plan was approved based on soliciting priorities from the public and the Council at the three standing City Council Committees: Economic Development, Safety and Communities, and Finance, and
WHEREAS, with the voters’ approval of Measure H, City staff is proposing to reallocate the remaining Reserve Funding not assigned to a program and various ongoing programs already defined as part of the Measure H spending plan to new ARPA programs, and
WHEREAS, there are a few ARPA programs that have been determined the final expenditures are less than the ARPA allocated funding and the remaining funding can be reallocated to a new program; and below is summary of the Council approved ARPA program being proposed to be reallocated for new ARPA program, and #14..
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06/06/2023/Finance/DChristensen/Item XX 3 2023-XX
Approved ARPA Program Reason for Reallocation
Amount Available
for Reallocation
Employee Recognition Program Measure H Spending Plan $ 20,000 Innovation Lab Measure H Spending Plan $ 100,000
Mental Health Response (2 addtl. Years) Measure H Spending Plan $ 850,000 Park Ranger Extension (1.5 addtl. Years) Measure H Spending Plan $ 624,000 Blight Abatement (2 addtl. Years) Measure H Spending Plan $ 650,000 Deferred Maintenance at Parks and Facilities Measure H Spending Plan $ 500,000 Reserve Funding No Program Assigned $ 1,597,350
TSP Battery Back Up System Upgrade Remaining ARPA Funds Available $ 200,000 Upgrade online service application software for Utility billing Remaining ARPA Funds Available $ 36,936 Totals $ 4,578,286
WHEREAS, based on these priorities, staff reviewed various community partner funding request and key priorities for the community and evaluated these new program programs to ensure they complied with the eligible expenses based on the guidance that had been made available by the Treasury Department, and WHEREAS, the proposed recommendations for the reallocation of the new ARPA programs and funding contributions are identified under Exhibit A.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Modesto that it hereby approves the City’s Pandemic Recovery Strategy, Modesto Forward, for the reallocation of American Rescue Plan Act funds defined under Exhibit A and authorizing the City Manager, or his designee, to carry out the necessary steps to implement the programs and funding allocations.
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06/06/2023/Finance/DChristensen/Item XX 4 2023-XX
The foregoing resolution was introduced at a regular meeting of the Council of the City of Modesto held on the 6th day of June, 2023, by Councilmember ?, who moved its adoption, which motion being duly seconded by Councilmember ?, was upon roll call carried and the resolution adopted by the following vote:
AYES: Councilmembers: ?
NOES: Councilmembers: ?
ABSENT: Councilmembers: ?
ATTEST: _______________________________________
DIANE NAYARES-PEREZ, CMC, City Clerk
(SEAL)
APPROVED AS TO FORM:
BY: ____________________________________
JOSE M. SANCHEZ, City Attorney
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06/06/2023/Finance/DChristensen/Item XX 5 2023-XX
EXHIBIT A
REALLOCATION OF NEW ARPA PROGRAMS
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Modesto Forward
City of Modesto – Pandemic Recovery Strategy
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The City of Modesto is the 18th largest city in the State of California and is a diverse community dedicated to
preserving a great quality of life, improving economic vitality, and maintaining organizational excellence for 220,000
residents. This report is intended to provide an overview of the City’s spending plan for the first tranche in relief funding from the American Rescue Plan in the amount of $22.9
million.
The second allocation is expected to be received in 12
months (May 2022) and will be used for additional
programming during Fiscal Year 2022-2023.
The key areas of focus for the Year 1 allocation include critical investments in the following areas:
• Quality of Life
• Economic Vitality
• Governance and Service Delivery
I look forward to working with the Council and community to further these initiatives.
Sincerely,
Joseph P. Lopez
City Manager
City of Modesto
Joseph P. Lopez
City Manager
Message from the
City Manager
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Table of Contents
• Background
• Pandemic Response from the City
• American Rescue Plan Act
• Themes from Council Committees
• Post Pandemic Initiatives
• Tentative Spending Plan
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Background
On March 18, 2020, the Modesto City Council declared a local health emergency in response to the rapid spread of the novel coronavirus, COVID-19. While the City of Modesto is not directly responsible for containing, contact tracing, or addressing COVID19, the City has a critical role supporting the County of Stanislaus with public adherence to Public Health Orders, emergency planning and coordination, and the provision of essential services. This section provides an overview of the key events and response activities of the City of Modesto Emergency Operations Center that occurred between February 27, 2020 and March 2021.
On January 30, 2020, the World Health Organization declared the outbreak a “public health emergency of international concern” (PHEIC). First detected in the United States in January 2020, the COVID-19 virus quickly spread across the nation and was declared a global health emergency by the World Health Organization on January 30, 2020. Shortly after the first case in the United States was detected in the state of Washington, the first case in the state of California was confirmed. In early March 2020, the pandemic was declared a National Emergency and Stanislaus County recorded the first two positive cases of COVID-19. The COVID-19 pandemic in Modesto and Stanislaus County was exceptional in its scale, duration and response.
As of March 13, 2020, it has been reported that COVID-19 has spread to over 90 countries including many parts of the United States, including the city of Modesto. Based on the rapidly evolving information from the Stanislaus County Public Health Officer, the Governor of California, and the President of the United States, the City Manager declared a local emergency in response to this pandemic to help ensure the safety of residents and visitors.
The unprecedented nature of the pandemic challenged the City of Modesto to design and implement approaches to prevent the spread of the disease without the benefit of prior experience or use of traditional pandemic response plans. The City’s response was in coordination with the County of Stanislaus and was characterized by a concentrated focus on protecting residents through a multifaceted approach which included a reliance on local community partnerships, active engagement with the community through public information channels and innovative mitigation strategies tested for the first time. While the pandemic response efforts are ongoing, the City’s strategy and the lessons learned offer an opportunity to enhance future preparedness efforts which will serve as a local standard and act as a best-practice response model for the State of California.
Despite the County’s initial measures to prepare for and prevent the spread of the virus, COVID-19 cases continued to increase across the state and in Modesto throughout the duration of the incident period. Anticipating the need for an unprecedented response, the County Public Health Officer declared a local health emergency on March 11, 2020. #14..
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Shortly after, the Modesto City Council declared a local health emergency within the City of Modesto on March 18, 2020. As cases continued to mount, the Governor of the State of California proclaimed a State of Emergency on March 18, 2020 and issued a statewide Stay-at-Home Order.
This action supported the County of Stanislaus and other jurisdictions to take extreme mitigation measures toward preventing the spread of COVID-19 in the community.
Stanislaus County saw its first two COVID-19 cases on March 11, 2020 and the first death was recorded on April 10, 2020. While the virus continued to spread in the community, an isolated outbreak at a local skilled nursing facility caused a clear spike in positive cases and deaths to which the County rapidly responded.
On May 12, 2020, the Stanislaus County Public Health Officer and Board of Supervisors determined local health orders to be unnecessary based on the conditions in Stanislaus County and elected to defer to the order issued by the California Public Health Officer.
The decision was made to rescind the Stanislaus County Public Health Order with a few exceptions. The Board of Supervisors resolved that no county resources would be expended to enforce State issued orders in unincorporated areas of the county.
In early May, the Governor’s Office required cities and counties alike to follow the phased reopening plan in 4 stages, that include:
• Stage 1. Only essential businesses identified by the Federal government’s previously identified essential sectors are permitted to operate • Stage 2. Lower risk workplaces: Gradually reopen retail (curbside only), childcare, manufacturing, logistics
• Stage 2-1. Lower risk workplaces: Relax retail restrictions, adapt and reopen schools, offices, and limited hospitality and personal services. • Stage 3. Higher risk workplaces: Adaptation and reopening of movie theaters, religious services, and personal and hospitality services • Stage 4. End stay at home order: Reopen areas of highest risk such as concerts and conventions
On Friday, May 8, 2020, Governor Newsom announced that based on the progress with meeting the statewide metrics, the state moved into Stage 2. On May 20, 2020, the State approved Stanislaus County’s attestation for variance to the state orders to expedite the safe reopening of the community and allowing the County to move into the latter part of Stage 2. At that time, the County had 685 COVID-19 positive cases. Since reopening further into Stage 2 on May 20th and into Stage 3 on June 12th, 1,404 confirmed cases have been reported (105% increase), including 35 deaths.
About a month later on July 1, the Governor announced that Stanislaus County (and 18 other counties) were ordered to close indoor operations of restaurants, wineries, cardrooms and other industries and shutter bars for a 3-week period due to the surge in #14..
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COVID-19 positive cases. This order is intended to help alleviate the pressure of hospitals and reduce community transmission.
In July, the Governor’s Office modified the 4-stage reopening plan to a 4-Tier Color System titled the Blueprint for a Safer Economy. This color-coded system ranks counties by the average daily number of new Covid-19 cases and the percentage of positive cases out of the total number of tests administered, both averaged over seven days; the colors included Purple – Widespread, Red – Substantial, Orange – Moderate, and Yellow – Minimal. The principal impact that this system has on the community is when businesses can reopen. But it also had a major impact on the ability of schools to reopen for in-person instruction. Until recently, if a county was in the purple tier, schools in that county could not open for in-person instruction for regular classes.
The subsequent activity required a closure of key industries from July 2020 through February 2021 because of the Purple Tier assignment. However, the State allowed for a brief reopening from mid-October through mid-November 2020 for meeting the requirements to move into the Red Tier.
On January 12, 2021 the County Emergency Operations Center requested support from the City of Modesto in the operation of a vaccination clinic at the Modesto Centre Plaza due to parking and physical distance issues that the County was experiencing at the Scenic Hospital. City staff in coordination with the County opened the Modesto Centre Plaza Vaccination Clinic (POD) 3 days later on January 15, 2021.
The City, in partnership with the County, has initiated a robust effort to make vaccines available to all individuals over the age of 16 who live or work in Stanislaus County – and this work continues.
Overall, the City’s response to COVID-19 has been effective, offering free transit opportunities, small business grants, in-door shelter for at-risk homeless individuals, outdoor business operation program to promote physical distancing, education protocol for noncompliant businesses, and telecommuting opportunities for employees. The early detection, applied interventions, and mitigation strategies along with the City’s coordination with local, state and federal partners were all essential to the initial success of the response by the City of Modesto.
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American Rescue
Plan Act
This report presents the Proposed strategy to support the local recovery from the pandemic, which includes an overview of the federal stimulus funding the City anticipates receiving in the coming weeks, and the three major focus areas in which this funding will be targeted—Quality of Life, Economic Vitality, and Governance and Service Delivery.
On January 20, 2021, President Biden announced a two-phased approach to address the public health and economic crises caused by the COVID-19 pandemic. The first phase, the American Rescue Plan, totals $1.9 trillion in relief funding. The second phase, the American Jobs Plan, is focused on long-term economic recovery from the detrimental impacts of COVID-19 through infrastructure investments and job creation.
The American Rescue Plan Act of 2021 includes $360 billion in relief for state and local governments. The legislation signed by President Biden will allocate $219.8 billion to states, Washington, D.C., tribes, and territories; $10 billion for capital projects to support work, education, and health monitoring; and, the remaining $130.2 billion would be evenly divided between counties based on population ($65.1 billion) and cities using a modified Community Development Block Grant formula ($65.1 billion).
The City is slated to receive $45.89 million in relief funding for purposes identified below, with the State of California expected to receive $26.2 billion. Funding will be allocated directly from the federal government to the City in two tranches: 50 percent ($22.94m) would be made available within 60 days after enactment – expected to be received by in the month of May. The remaining 50 percent ($22.94m) would be distributed 12 months after the initial allocation. The deadline to encumber funds is December 31, 2024, and the deadline to expend funds is 2026. The legislation provides broad guidance related to eligible use of funds, and staff expect additional regulatory clarification from the U.S. Treasury, similar to the process for the CARES Act funding.
The allowable uses for the funding as identified by the guidance released to-date includes six broad categories:
1. Public Health Response
a. Coronavirus State and Local Fiscal Recovery Funds provide resources to support the public health and safety response required due to the pandemic. Additionally, these funds also can support through services that address disparities in public health that have been exacerbated by the #14..
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pandemic. The City is able to use this funding to address a broad range of public health needs across COVID-19 mitigation, medical expenses, behavioral healthcare, and public health resources.
2. Address Negative Economic Impacts
a. To help alleviate the economic hardships caused by the pandemic, Coronavirus State and Local Fiscal Recovery Funds enable eligible state, local, territorial, and Tribal governments to provide a wide range of assistance to individuals and households, small businesses, and impacted industries, in addition to enabling governments to rehire public sector staff and rebuild capacity. Among these uses include:
i. Supporting small businesses, helping them to address financial challenges caused by the pandemic and to make investments in COVID-19 prevention and mitigation tactics, as well as to provide technical assistance. To achieve these goals, recipients may employ this funding to execute a broad array of loan, grant, in-kind assistance, and counseling programs to enable small businesses to rebound from the downturn.
ii. Speeding the recovery of the tourism, travel, and hospitality sectors, supporting industries that were particularly hard-hit by the COVID-19 emergency and are just now beginning to mend.
Similarly impacted sectors within a local area are also eligible for support
3. Supporting the Hardest-Hit Communities and Families
a. Support with investments in housing and neighborhoods, such as services to address individuals experiencing homelessness, affordable housing development, housing vouchers, and residential counseling and housing navigation assistance to facilitate moves to neighborhoods with high economic opportunity;
b. Addressing educational disparities through new or expanded early learning services, providing additional resources to high-poverty school districts, and offering educational services like tutoring or afterschool programs as well as services to address social, emotional, and mental health needs.
4. Replacing Lost Public Sector Revenue
a. Recipients may use these funds to replace lost revenue. The Treasury’s Interim Final Rule establishes a methodology that each recipient can use to calculate its reduction in revenue. Specifically, recipients will compute the extent of their reduction in revenue by comparing their actual revenue #14..
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to an alternative representing what could have been expected to occur in the absence of the pandemic.
5. Investments in Water and Sewer Infrastructure
a. Recipients may use Coronavirus State and Local Fiscal Recovery Funds to invest in necessary improvements to their water and sewer infrastructures, including projects that address the impacts of climate change. Recipients may use this funding to invest in an array of drinking water infrastructure projects, such as building or upgrading facilities and transmission, distribution, and storage systems, including the replacement of lead service lines.
6. Investments in Broadband Infrastructure
a. Recognizing the acute need in certain communities, Treasury’s Interim Final Rule provides that investments in broadband be made in areas that are currently unserved or underserved—in other words, lacking a wireline connection that reliably delivers minimum speeds of 25 Mbps download and 3 Mbps upload.
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Themes from
Council Committees
To prepare this strategy and to ensure it adequately captured the recovery strategies to help the community exit this extraordinary pandemic period, the City Manager’s Office solicited priorities from the public and the City Council Standing Committees, including:
Safety and Communities, Finance, and Economic Development Committees.
The key themes from each of the committees fall under the three key focus areas of the City’s 5-year Strategic Plan:
Governance and Service
Delivery
Finance Committee
Economic Vitality
Economic Development
Committee
Quality of Life
Safety and Communities
These initiatives are intended to
improve the organization and
service delivery for residents.
• COVID-19 Expenses/Response
• Staffing levels for Critical Dept’s
• Deferred Maintenance
• Program Improvements
• Facility Upgrades
• Revenue Loss
These initiatives are intended to
improve the economic vitality of
the community.
• Downtown Housing
• Business support, retention,
attraction, and expansion
• Downtown Beautification
• Revitalization of Public Spaces
• Broadband Infrastructure
This portion of funding is intended
to improve the quality of life for
residents.
• Public health focus – mental
health, homelessness, poverty
• Police-community relations
• Mental health support program
• Homelessness
• Blight and Forestry Program
Enhancements
• Support for Community
Amenities
o The Awesome Spot
o Children’s Museum
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Pandemic
Recovery
Initiatives
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Economic Vitality
Program Goal Allocation
Support for Community Amenities including the
Children’s Museum, Car Museum, and Awesome Spot
Playground
$1,500,000
Implementation of a business expansion, and
retention program that directly supports Modestobased businesses – and encourages future investment in Modesto.
$1,000,000
Development of a Downtown Housing Program
intended to help spur development. $1,000,000
Revolving loan program designed to waive or defer
water, sewer and stormwater fees. $1,000,000
Tuolumne River – Economic Development Strategy
intended to help improve the vitality of the River.
$750,000
Relief Across Downtown Card investment to help
drive downtown foot traffic. $708,500
Job / Career Training in a local emerging industry for
residents whose employment was impacted by the
Coronavirus.
$500,000
Support for Convention and Visitor’s Bureau to aid
the tourism industry. $250,000
Expanded Wi-Fi downtown and available at
community facilities to help bridge the digital divide. $200,000
Funding to support the development of Enhanced
Infrastructure Financing District to create a
sustainable funding model for infrastructure needs
across the City.
$200,000
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Quality of Life
Program Goal Allocation
Labor expenses from the Coronavirus pandemic $4,750,000 Additional Support for affordable housing and
homeless programs
$1,000,000
Mental Health Clinician Program – Partnership with
Police Department and BHRS
$800,000
Support for Blight Abatement programs $750,000
Support for Downtown Beautification $700,000
Acquisition of Emergency Medical Service equipment to
support COVID response
$600,000
Grants to neighborhood associations to support safe regathering $120,000
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Governance and
Service Delivery
Program Goal Allocation
Fire Station 1 Deferred Maintenance $2,000,000
Forestry Program Enhancements to help address the
backlog of deceased trees, mistletoe, stumps, etc. $1,850,000 General Plan Update to help expedite the completion of
the plan $700,000
Discoverer Replacement to sustain the City’s primary
payroll record system $500,000
Cybersecurity Mitigation to ensure the City is secure $490,000 TSP Battery Back Up System Upgrade to support the
organization during a power outage $250,000
Address deferred maintenance at various parks and
public facilities including ways to reduce water use $1,270,028 Upgrade secure online service application software for
Utility billing $60,000
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Tentative
Spending
Plan
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Year 1 - Tentative Spending Plan
Dept. Description Allocation
Economic Vitality
CED Small biz support with expansion and retention $1,000,000 CED Revolving loan fund for attraction of downtown development $1,000,000 CED/ UTL Revolving loan fund for water/sewer connection fees $1,000,000 PRN/CED Tuolumne River – Economic Development $750,000
CED Relief Across Downtown Card $708,500
CED Implementation of a workforce development program $500,000 CMO Support for Children’s Museum $500,000
CMO Support for Awesome Spot Playground $500,000
CMO Support for Car Museum $500,000
CMO Support for Convention and Visitor’s Bureau* $250,000 IT Expanded Wi-Fi downtown and available at community facilities $200,000 CED Funding to support the development of Enhanced Infrastructure Financing District $200,000
Quality of Life
CMO COVID-19 labor expenses $4,750,000
CMO Homeless Support Program $1,000,000
CMO Mental Health Clinician Program – Partnership with BHRS $800,000 CMO Blight Abatement* $750,000
CED Downtown Beautification $700,000
Fire Emergency Medical Service equipment $600,000
CMO Grants to neighborhoods $120,000
Governance and Service Delivery
Fire Fire Station 1 Deferred Maintenance $2,000,000
PW Forestry Program Enhancements* $1,850,000
CED General Plan Update $700,000
IT Discoverer Replacement $500,000
IT Cybersecurity Mitigation $490,000
IT TSP Battery Back Up System Upgrade $250,000
PRN Address deferred maintenance at various parks and public facilities $1,270,028 UTL Upgrade secure online service application software for Utility billing $60,000 TOTAL $22,948,528
*Proposed funding for 2 years
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CITY OF MODESTO
COUNCIL AGENDA REPORT
DATE OF MEETING:
June 6, 2023
Date: May 3, 2023
TO: Mayor and City Council
THROUGH: Joseph P. Lopez, City Manager
FROM: DeAnna Christensen, Director of Finance
SUBJECT: Proposition IV – Appropriation Limit Calculation for Fiscal Year 2023-2024 CONTACT: Maria Garnica, Accounting Manager
[email protected], 209-577-5249
DESCRIPTION:
Consider approving the Fiscal Year 2023-2024 Appropriation Limit, which is an annual spending limit calculation that identifies the maximum amount of appropriations for publicly funded programs. (Funding Source: Not Applicable)
STRATEGIC PLAN ELEMENT:
This item supports the City of Modesto 2020-2025 Strategic Plan focus of Governance and Service Delivery under Goal H: Achieve Financial Sustainability.
BACKGROUND:
In November 1979, the voters of California passed Proposition IV which specified that government appropriations may increase annually. This constitutional amendment, also known as the Gann initiative after anti-tax advocate Paul Gann, provides a formula for calculating spending limit, was intended to provide citizen control of government spending and taxation.
Article XIIIB of the California Constitution specifies that appropriations made by state and local governments may increase annually by a factor comprised of the change in population combined with either (1) the change in California per capita personal income or (2) the change in the local assessment roll due to local nonresidential construction. The staff has been consistently using the change in population within the city limit of Modesto and change in California per capita personal income every year when calculating the appropriation limit. ,
DISCUSSION:
The City is required to establish an appropriation limit calculation each fiscal year. Schedule A of the attached resolution shows the calculation of the Fiscal Year 2023-2024 Appropriation Limit. The limit identifies the maximum amount of appropriations that can be implemented in a year based on tax revenue available to City. The limit only applies to the use of a specific list of tax revenues received by the City. Examples of these revenues include, but not limited to, #15..
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City Council, June 6, 2023
Proposition IV – Appropriation Limit Calculation for Fiscal Year 2023-2024
Property Tax, Sales & Use Tax, Business License Tax, Utility Users Tax, and Transient Occupancy Tax.
The appropriation limit calculated for Fiscal Year 2023-2024 is $581,968,829. The proposed tax revenues subject to this appropriation limit are $153,528,132 which is well within the limit.
This calculation was made available for public viewing at least fifteen days prior to the Council meeting. A copy of Schedule A and the calculation detail is on file at the City of Modesto Finance Department.
FISCAL IMPACT:
Not Applicable.
COMMITTEE RECOMMENDATION:
This item was not presented to a Committee.
RECOMMENDED COUNCIL ACTION:
Staff Recommendations:
Resolution establishing the Appropriation Limit for the Fiscal Year 2023-2024 Annual Budget.
Approved by:
DeAnna Christensen, Director of Finance
Joseph P. Lopez, City Manager
Attachments:
1. Resolution
2. Schedule A
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06/06/2023/Finance/DChristensen/Item XX 1 2023-XX
MODESTO CITY COUNCIL
RESOLUTION NO. 2023 -
RESOLUTION ESTABLISHING THE APPROPRIATION LIMIT OF FOR THE FISCAL YEAR 2023-2024 ANNUAL BUDGET
WHEREAS, Proposition IV of the California State Constitution requires the City to establish an appropriation limit calculation each fiscal year, and WHEREAS, Article XIIIB of the California Constitution specifies that appropriations made by state and local governments may increase annually by a factor comprised of the change in population combined with either the change in California per capita personal income or the change in the local assessment roll due to local nonresidential construction, and
WHEREAS, the staff has been consistently using the change in population within the city limit of Modesto and change in California per capita personal income every year when calculating the appropriation limit, and
WHEREAS, the appropriation limit calculated for Fiscal Year 2023-24 is $581,968,829, and
WHEREAS, this calculation was made available for public viewing at least fifteen days prior to the Council meeting. A copy of Schedule A and the calculation detail is on file at the City of Modesto Finance Department.
NOW, THEREFORE, BE IT RESOLVED, by the Council of the City of Modesto that the appropriation limit for fiscal year 2023-2024, including the price and population factors to be used in the calculation, is hereby established as shown on Schedule A, attached hereto, and made a part hereof.
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06/06/2023/Finance/DChristensen/Item XX 2 2023-XX
BE IT FURTHER RESOLVED, that the Director of Finance, or her designee, is hereby authorized to take the necessary steps to implement the provisions of this resolution.
The foregoing resolution was introduced at a regular meeting of the Council of the City of Modesto held on the 6th day of June, 2023, by Councilmember ?, who moved its adoption, which motion being duly seconded by Councilmember ?, was upon roll call carried and the resolution adopted by the following vote:
AYES: Councilmembers: ?
NOES: Councilmembers: ?
ABSENT: Councilmembers: ?
ATTEST: _____________________________
DIANE NAYARES-PEREZ, CMC,
City Clerk
(SEAL)
APPROVED AS TO FORM:
BY: ________________________________
JOSE M. SANCHEZ, City Attorney
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SCHEDULE A
FY 2022-23 Appropriation Limit $558,994,169
Adjustment Factors
Per Capita Personal Income Change 4.44%
Population Change (Modesto) -0.32%
Per Capita converted to a ratio 1.0444
Population converted to a ratio 0.9968
Calculation of factor for FY 2023-24 1.0411
Adjustment $22,974,660
FY 2023-24 Appropriation Limit $581,968,829
FISCAL YEAR 2023-24
PROPOSITION 4
APPROPRIATION LIMIT CALCULATION
Article XIIIB places a limit on most, but not all, government revenue sources.
The limit applies to appropriations from proceeds of taxes from both the general fund and special funds of government entities. Proceeds of taxes include tax revenues, interest earnings on invested tax revenues, and any revenues collected by a regulatory license fee or user charge in excess of the amount needed to cover the cost of providing the regulation, product, or service.
Appropriations from nontax revenues, including the City’s enterprise funds, are not subject to the limit.
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CITY OF MODESTO
COUNCIL AGENDA REPORT
DATE OF MEETING:
June 6, 2023
Date: May 10, 2023
TO: Mayor and City Council
THROUGH: Joseph P. Lopez, City Manager
FROM: Scott Conn, Chief Information Officer
SUBJECT: Payment of Software Maintenance Support Agreements for FY 2023-2024
CONTACT: Scott Conn, Chief Information Officer
[email protected], 209-577-5229
DESCRIPTION:
Consider approving the payment of Software Maintenance Support Agreements for Fiscal Year 2023-2024 for a total amount not to exceed $6,435,813. (Funding Source: Information Technology Fund and Various Funds)
STRATEGIC PLAN ELEMENT:
This item is consistent with the City’s 2020-2025 Strategic Plan to improve community safety, ensure safe, efficient, and reliable infrastructure, and promote trust and engagement with the community and directly supports the Smart City Strategy adopted in 2021.
BACKGROUND:
The City has an ongoing need for maintenance support agreements for software applications utilized by all City departments to keep those applications current and protected. These routine support renewal agreements along with their associated invoices arrive at various times throughout a fiscal year.
To maximize efficiency, staff requests the City Council consider authorizing payment of these agreements in one action as opposed to authorizing them individually over multiple Council meetings as invoices are presented for payment.
DISCUSSION:
Exhibit A contains an itemized list of the annual software maintenance support agreements utilized throughout the City and below the $50,000 contract limit. Exhibit B contains an itemized list of the annual software maintenance support agreements utilized throughout the City that are greater than the $50,000 contract limit, therefore requiring authorization by the City Council. The Information Technology Department gathered this information from City departments so all #16..
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City Council, June 6, 2023
Payment of Software Maintenance Support Agreements for
FY 2023-2024
agreements could be presented in one action authorizing payment and authorizing the City Manager, or his designee to execute routine renewal agreements associated with Exhibits A and B.
The items listed in Exhibits A and B have current agreements that have been approved through the required contracting and purchasing policies and processes and are categorized based on where the contract authority resides. The total amount for Exhibit A is $1,666,680 and the total amount for Exhibit B is $4,769,133. The grand total of both exhibits is $6,435,813.
Per Modesto Municipal Code (MMC) Section 8-3.204(c), the Purchasing Manager, in his or her discretion, may determine that calling for bids on a competitive basis as set forth in MMC section 8-3.203 is undesirable due to exigent circumstances. Additionally, MMC 8-3.204(d) states where the Purchasing Manager, in his or her discretion, determines that a process other than the formal proposal procedure set forth in Section 8-3.203 will result in a procurement for the City at the lowest possible cost commensurate with the desired quality, the purchase may be exempt from the formal bid process. Under this scenario, all purchasing processes shall be met for incumbent vendor software maintenance agreements and collectively brought to Council for approval at a single meeting on a fiscal year basis.
FISCAL IMPACT:
Much of the software is managed and paid for through the Information Technology Fund as it is utilized across most City departments. However, some of the software is managed and paid for by individual departments to address their specific operational needs. Funding for these software maintenance support agreements has been budgeted in the FY 2023-2024 operating budget of the Information Technology Fund, which is an internal service fund, and the appropriate Departments’ associated funds as represented below:
Fund Under
$50,000
Over $50,000 Total
Fund 0100 - General Fund $603,705 $1,459,973 $2,063,678 Fund 1133 - HUD Administration $42,900 $0 $42,900
Fund 1300 - Capital Improvement Support $4,945 $92,590 $97,535 Fund 1700 - Surface Transportation Fund $550 $0 $550
Fund 4000 - Parking Fund $7,981 $55,000 $62,981
Fund 4100 - Water Fund $131,651 $236,272 $367,923
Fund 4210 - Sewer Operations Fund $104,499 $98,681 $203,180 Fund 4890 - Compost Fund $2,640 $0 $2,640
Fund 5230 - Information Technology Fund $666,764 $2,646,617 $3,313,380 Fund 5310 - Insurance - Administration Fund $9,900 $0 $9,900 Fund 5400 - Fleet Management Fund $25,135 $0 $25,135
Fund 5409 - Fleet Management Fleet Replace Fund $41,150 $0 $41,150 Fund 5800 - P/R Building Services Fund $6,580 $0 $6,580 Various Funds $18,282 $180,000 $198,282
Totals $1,666,680 $4,769,133 $6,435,813
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City Council, June 6, 2023
Payment of Software Maintenance Support Agreements for
FY 2023-2024
COMMITTEE RECOMMENDATION:
This item was considered by the Finance Committee in the Budget Workshop which took place April 17-19, 2023. The Finance Committee approved forwarding this item to the City Council for approval.
RECOMMENDED COUNCIL ACTION:
Staff Recommendations:
Resolution approving the payment of Software Maintenance Support Agreements for Fiscal Year 2023-2024 for a total amount not to exceed $6,435,813; and authorizing the City Manager, or his designee to execute routine Renewal Agreements associated with the items in Exhibit A and Exhibit B - Software Maintenance Support Agreements for Fiscal Year 2023- 2024.
Approved by:
Scott Conn, Chief Information Officer
Joseph P. Lopez, City Manager
Attachments:
1. Resolution
2. Exhibit A –Software Maintenance Under $50,000
3. Exhibit B –Software Maintenance Over $50,000
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06/06/2023/IT/SConn/Item XX 1 2023-XX
MODESTO CITY COUNCIL
RESOLUTION NO. 2023-XX
RESOLUTION APPROVING THE PAYMENT OF SOFTWARE
MAINTENANCE SUPPORT AGREEMENTS FOR FISCAL YEAR 2023-2024 FOR A TOTAL AMOUNT NOT TO EXCEED $6,435,813; AND AUTHORIZING
THE CITY MANAGER, OR HIS DESIGNEE TO EXECUTE ROUTINE
RENEWAL AGREEMENTS ASSOCIATED WITH THE ITEMS IN EXHIBIT A
AND EXHIBIT B - SOFTWARE MAINTENANCE SUPPORT AGREEMENTS FOR FISCAL YEAR 2023-2024
WHEREAS, the City has an ongoing need for software maintenance support agreements for software assets utilized by the City of Modesto, and WHEREAS, the expenditures for software maintenance support agreements have been approved by Council through the budget process, and WHEREAS, staff requests the approval for payment of software maintenance support invoices presented for Fiscal Year 2023–2024 in an amount not to exceed $6,435,813.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Modesto that it hereby approves payment for invoices for various software maintenance support agreements from software vendors or their representatives for Fiscal Year 2023-2024 in an amount not to exceed $6,435,813.
BE IT FURTHER RESOLVED, that the City Manager or his designee is hereby authorized to execute the software maintenance support agreements. #16..
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06/06/2023/IT/SConn/Item XX 2 2023-XX
The foregoing resolution was introduced at a regular meeting of the Council of the City of Modesto held on the 6th day of June 2023, by Councilmember ?, who moved its adoption, which motion being duly seconded by Councilmember ?, was upon roll call carried and the resolution adopted by the following vote:
AYES: Councilmembers: ?
NOES: Councilmembers: ?
ABSENT: Councilmembers: ?
ATTEST: ____________________________
DIANE NAYARES-PEREZ, City Clerk
(SEAL)
APPROVED AS TO FORM:
BY: ____________________________________
JOSE M. SANCHEZ, City Attorney
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Exhibit A - Software Maintenance for Fiscal Year 2023-24 (Under $50,000) Title Description Vendor Name Department Fund Number Resolution Number PO Number Start Date of Current Maintenance Term
End Date of Current Maintenance Term
Annual
Maintenance Cost Point of Contact
GovInvest Labor Module added to the existing GovInvest Agreement GovInest Human Resources
0100
220578 12/23/2021 12/22/2023 $13,390
Alger, Christina
Scantron Scanner hardware support for HR Scantron Corporation Human Resources
0100 2019-317 157641 6/12/2022 6/11/2023 $ 921 Mendoza, Evie Calm Calm application for Smart Devices Calm.com, Inc. Human Resourc0100 1/1/2023 12/31/2023 15,036 $ Alger, Christina NetFile Paperless Form 700 Suite
E-filing system for the 700 form. Manages tasks, forms, and filing. Completely web-based with a portal for public viewing.
NetFile City Clerk 0100 2019-304 168574 10/23/2022 10/23/2023 $ 9,800 Sanchez, Dana NextRequest Public Records Management software. NextRequest City Clerk 0100 165169 9/1/2022 8/31/2023 $ 9,206 Sanchez, Dana CoStar Commercial Real Estate Information CoStar Community & Economic Dev.
0100 2019-317 160991 3/31/2022 3/31/2023 $ 5,867 Goddard, Kjirsten HDL Prime Business license application HDL Companies Finance 0100 2022-256 8/1/2023 7/31/2024 $ 24,860 Brown, GinaLoftware f you need powerful barcode label printing software to meet the most complex labeling requirements, the Loftware Label Manager (LLM) is the industry standard. With Loftware's label management software, you can create any type of barcode label required to meet everevolving customer and regulatory needs across your supply chain.
Loftware Finance 0100 161871 7/1/2022 6/30/2023 $ 480 Kline, Cynthia NIGP Consulting NIGP 5-Digit Commodity Code License Renewal Periscope Holdings Finance 0100 2019-317 159089 6/1/2023 5/31/2024 $ 666 Kline, CynthiaPlanet Bids Bid Management Software Planet Bids Finance 0100 2019-317 161903 6/13/2023 6/12/2024 $ 13,745 Kline, CynthiaT2 Parking Citations Cloud system for T2 Parking Citation processing and appeals. Online payment portal. Managed by Finance/Customer Service staff. T2 Systems Finance 0100 2022-256 12/1/2023 11/30/2024 $ 25,244 Ireta, Cindy Rentalscape Software to track Short Term Rentals (STR) and provide business address
Deckard Finance 0100 2022-256 9/29/2023 9/28/2024 $ 2,000 Brown, Gina SitStat Licensing Emergency operations situational awareness platform and resource alerting system - 15 licenses @ $300.00 / each.
Stanislaus County of Emergency Services
Fire 0100 11/1/2021 11/1/2022 $ 4,950 Andrew Hunter
TSI Incorporated Annual maintenance and calibration of the fit testing machines to ensure they are calibrated to the original manufacturer's specifications/the National Institute of Standards and Technology (NIST) *Paid for two calibrations in 2 year service agreement TSI Incorporated Fire 0100 203798 6/14/2021 6/14/2023 $ 2,112 Andrew Hunter Vector Solutions - CrewSense
Fire Crew call back scheduling / hiring system Vector Solutions Fire 0100 2021-226 207580 7/1/2022 6/30/2023 $ 17,851 Andrew Hunter Target Solutions Online Training System Vector Solutions Fire 0100 2021-226 211871 11/15/2021 11/14/2022 $ 25,730 Andrew HunterDigicert Digital Certificate Digicert Information Technology
0100 7/1/2022 6/30/2023 $ 550 Calbreath, Phil
ACCRUENT CMMS - PRND Annual tech support and web hosting for our daily work order maintenance system at 501 N Jefferson St site
ACCRUENT LLC (formerly Maintenance Connection)
Parks & Recreation
0100 TBD 6/1/2022 6/1/2023 $ 6,105 Franco, Jessica
Lucity aka Central Square License for Park Ops use of Lucity, enterprise asset management software. Work order system.
Central Square Technologies Parks &
Recreation
0100 216259 7/1/2022 6/30/2023 $ 13,000 Franco, Jessica Meraki WiFi license for Centre Plaza Telcion Parks &
Recreation
0100 3/14/2020 3/13/2023 $ 3,509 Chavez, Larry
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Exhibit A - Software Maintenance for Fiscal Year 2023-24 (Under $50,000) Title Description Vendor Name Department Fund Number Resolution Number PO Number Start Date of Current Maintenance Term
End Date of Current Maintenance Term
Annual
Maintenance Cost Point of Contact
PerfectMind Perfect Mind, Recreation Software, used for Facility Rentals and Program Registrations
PerfectMind Parks &
Recreation
0100 2017-243 164471 1/26/2023 1/26/2024 $ 16,550 Garcia, Valerie FTK: High Tech Crimes Unit Investigatory Tool
For FTR Stand Along SMS License software support for Dongels for Investigations Accessdata Group Police 0100 156151 5/31/2023 5/31/2024 $3,255 Smart, Jessica Crimemapping.com Public Facing police incident map for citizens to view. Also for Annual renewal of End User License & Software Support Agreement for CrimeMapping software. Crime Analyst crime mapping tool.
Central Square Technologies Police 0100 2020-14 211918 12/31/2022 12/31/2023 $ 1,465 Davis, Kara Inform RMS Police Field Reporting and Records Management System. MPD's Records Management System Licensing
Central Square Technologies Police 0100 2017-167 207517 11/1/2021 7/25/2023 $ 30,924 Jenkins, Heidi CopLink Export CopLink export from Inform RMS Central Square Technologies Police 0100 205436 8/1/2021 8/1/2022 $ 2,625 Jenkins, Heidi Public Safety Citizen Reporting Module
On-line reporting system allowing citizens to file police reports online. Central Square Technologies Police 0100 2018-210 193836 6/30/2022 6/30/2023 $ 9,450 Jenkins, Heidi NIBRS Federally mandated Crime Data Reporting to the FBI - NIBRS Module through RMS
Central Square Technologies Police 0100 216520 10/1/2021 10/1/2022 $ 28,875 Jenkins, Heidi Publish PDF Publish PDF of approved RMS reports to network file share Central Square Technologies Police 0100 158186 7/26/2021 7/25/2022 $ 4,042 Jenkins, Heidi IA Pro Annual & Blue Team IA Pro & Blue Team Annual Maintenance including all software upgrades, associated materials and technical support via phone and e-mail CI Technologies Police 0100 207516 8/1/2023 7/31/2024 $ 4,401 Adams, C CopWare: Legal Sourcebook,
California Codes, and Mobile App
California Peace Officers Legal Sourcebook Site License for 201-300 Sworn Officers. Provides sworn personnel with an on-line resource for accessing this information.
CopWare Police 0100 2019-317 227668 6/30/2022 6/30/2023 $ 4,064 Smart, Jessica Crash Data Recorder Annual Software Subscription to Crash Data Recorder (CDR). This is utilized by the Traffic Unit for imaging Air Bag Control Modulars in the event of a fatal accident.
Crash Data Group, Inc. Police 0100 2019-317 P-card 8/22/2022 8/22/2023 $ 1,313 Stanfield, S Critical Reach Critical Reach APBnet Bulletin Service Annual Fee for use of software, servers,network bandwith & user support
Critical Reach Police 0100 2019-317 238982 1/1/2023 12/31/2023 $ 1,465 Davis, Kara Critical Response Group 911eye system that provide the availability for RTCC and other MPD staff to remotely livestream video and photos from a victim/witness/reporting party's phone while actively recording it for later storage with Evidence.com Critical Response Group Police 0100 197093 4/30/2022 4/30/2023 $ 8,201 Stanfield, S Ecite Software Ecite Software Annual Maintenance Crossroads Police 0100 227626 6/30/2022 6/30/2023 $ 2,625 Stanfield, S Deepnet Dualshield Deepnet Dualshield Software licensing and annual support services - 325 licenses. Dual factor authentication of key fobs in use by MPD personnel when signing on to the MDC's.
Deepnet Securities Police 0100 2019-317 208380 8/27/2021 8/26/2022 $ 4,725 Smart, Jessica Digital Networks Group (Video Wall)
Renewal of Digital Networks Group Annual Software Maintenance and Support. Video wall Software in the RTCC enables the output of video wall content via IP.
Digital Networks Group Police 0100 12/27/2021 12/27/2022 $ 2,625 Smart, Jessica NEC Phone System Software NEC Software system for MPD Phone System; Software assurance which provides the abilit for IT staff to contact DTS/NEC for system support, access to software upgrades and services for the department's voice over IP Phone system DTC - Digital Telecommunications Corp
Police 0100 199223 6/30/2023 6/30/2024 $ 12,258 Smart, Jessica Crime Free Easy Tracking Dynamic Design - Multi User Internal WEB Easy Tracking Software and Annual Subscription Renewal. Used to track crime free housing inspections and number and details of each complex.
Dynamic Design Software Police 0100 197135 3/1/2023 2/28/2024 $ 420 Smart, Jessica FARO SCENE 3D Scene Maintenance Software Licensing and Maintenance Agreement for the Faro Technologies Laser Scanner. This software is used to capture and process datapoints into diagrams and is used by both Traffic Officers for collision scenes and ISDDetectives and ID Techs for homicide scenes.
Faro Technologies Police 0100 208007 7/1/2018 6/30/2024 $ 2,730 Stanfield, S Forensic Explorer By GetData Forensics Company. High Tech Crimes Unit investigatory tool.
Getdata Forensics USA Police 0100 2019-317 235683 11/30/2022 11/30/2023 $ 520 Smart, Jessica Cellbright UFED Support and Cloud Analyzer;
Cell phone digital forensic tool UFED UPC Ultimate X3 & UFED Cloud Analyzer and Dongels; with Cellebrite
Guardian Police 0100 2019-317 206864 9/30/2022 9/30/2023 $ 25,000 Meredith, Bob 2 of 10
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Exhibit A - Software Maintenance for Fiscal Year 2023-24 (Under $50,000) Title Description Vendor Name Department Fund Number Resolution Number PO Number Start Date of Current Maintenance Term
End Date of Current Maintenance Term
Annual
Maintenance Cost Point of Contact
GO ANYWHERE MFT 5.4.4 (PD)
Managed File Transfer software used to manage data from various databases and servers both internal and external to City. Project execution can be automated and triggered by various methods. Used to help centralize data file transfers. Useful in creating workflows between systems. MPD uses GoAnywhere to transfer Payroll data from InTime (Scheduling & Payroll) to Oracle.
HelpSystems Police 0100 2019-317 227620 6/30/2022 6/30/2023 $ 1,500 Harns, A OnBase - PD; OnBase PDF Framework; XML Index
OnBase is used by MPD as our Enterprise Content Management Sytem (ECM). Scanned images of Police Reports and post-mandated training related documents are stored in OnBase. OnBase Annual Maintenance and Support for LocalGovernment Web Server. OnBase Local Government Workflow ConcurrentClient SL (20 count) and Annual Maintenance on Workflow Licenses; PDF Framework $732; XML Index $1257 All on 1 invoice Hyland Software Police 0100 2019-317 199207 5/1/2022 4/30/2023 $ 31,386 Smart, Jessica Imageware Annual Software and Hardware Maintenance LE Renewal for Imageware. Imageware is a software and hardware system utilized in creating police department employee ID badges.
Imageware Police 0100 2019-317 205572 6/30/2022 6/30/2023 $ 9,099 Smart, Jessica Cradle Point for POD Cameras
Renewal of 14 licenses for the cradle point for POD Cameras and Armadillo Intellisite for Cradle Point Police 0100 236207 11/1/2022 11/24/2023 $ 4,448 Smart, Jessica InTime Scheduling & Timekeeping
Intime is used by the MPD to build the departments complex 24/7 patrol calendar. This includes rotating shifts, shift bidding by seniority, minimum staffing management, and outside work agreement management. Although InTime is a full Scheduling, Payroll, and HRMS system. Annual Maintenance for InTime Solutions Cloud Based Software.Scheduling and payroll system for MPD allows for electronic capture and transfer of data to City's Oracle Payroll system InTime Solutions Police 0100 2019-317 228417 8/1/2022 7/31/2023 $ 36,338 Smart, Jessica IP2 Annual Location License IP2 Police 0100 PCard 11/24/2022 12/16/2023 $ 839 Smart, Jessica Lexipol LE Annual renewal of Lexipol LE Policy Manual Update Subscription; LE Procedures Manual On-Line; LE Management Services. Utilized by MPD to provide online version of Policy Manual, policy manual updates; electronic signature tracking for disbursal to staff and training bulletins.
Lexipol Police 0100 2019-317 211134 10/1/2022 9/30/2023 $ 43,832 Smart, Jessica Magnet IEF SMS;Magnet IEF; SMS Magnet IEF Triage Module; SMS Magnet IEF Module Mobile Artifacts; SMS Magnet IEF Module Business Applications. Investigatory tool.
Magnet Forensics Police 0100 2019-317 238438 1/1/2022 12/31/2023 $ 4,386 Smart, Jessica Netmotion Software Mobility application for 127 devices and 1 additional server police module
Mobile Wireless - NetMotion Police 0100 2019-317 216630 4/1/2022 3/31/2023 $ 10,920 Smart, Jessica NEC AFIS Renewal of Annual Maintenance and Support for the NEC AFIS (Automated Fingerprint Identification System) used by the Police Department to take and send fingerprints to DOJ as part of background process for new applicants.
NEC Corporation of America Police 0100 2019-317 184833 12/26/2020 9/30/2023 $ 8,400 Smart, Jessica PLX Annual renewal of annual maintenance and support services for Collection Maintenance Premium & Analytical Maintenance. Investigatory tools used by PD Penlink Police 0100 2019-317 215174 1/1/2023 12/31/2023 $ 31,522 Smart, Jessica Power DMS Paperless Daily Observation Reports for Field Training Program & Manual for training
Power DMS Police 0100 213900 12/1/2022 11/30/2023 $ 5,082 Smart, Jessica Covert Track Service Annual Maintenance for GPS Trackers for Investiations Special Services Group LLC Police 0100 2019-317 213785 2/18/2021 2/16/2023 $ 9,639 Smart, Jessica Message On Hold System Message On Hold System for MPD Spectrio Police 0100 2/28/2022 3/1/2023 $ 525 Smart, Jessica Star Chase GPS projectile subscription for Star Chase Launcers Star Chase Police 0100 213787 12/20/2022 12/19/2023 $ 13,527 Stanfield, SCLEAR Search CLEAR Search Software utilized by Crime Analysts as an investigatory tool as a subscription service. Paid monthly Thomson-Reuters Police 0100 7/1/2022 6/30/2023 $ 4,460 Davis, Kara TMS-ME TMS-SE is a law-enforcement specific LMS that MPD uses to keep track of the POST-mandated training that officers complete.
Training Innovations, Inc. Police 0100 205450 7/1/2022 6/30/2023 $ 840 Bottoms, J 3 of 10
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Exhibit A - Software Maintenance for Fiscal Year 2023-24 (Under $50,000) Title Description Vendor Name Department Fund Number Resolution Number PO Number Start Date of Current Maintenance Term
End Date of Current Maintenance Term
Annual
Maintenance Cost Point of Contact
TLOxp TransUnion TLO Monthly Subscription to database. Utilized by Crime Analysts as an investigatory tool. Monthly charge is based on usage.
Trans Union Risk and Data Solutions
Police 0100 7/1/2022 6/30/2023 $ 3,150 Smart, Jessica
Vigilant Contract with Vigilant for annual ESA subscription for 29 LPR Camera license keys & VS ISA Integration service for non-Vigilant LPR Cameras Vigilant Police 0100 215175 1/1/2023 12/31/2023 $ 19,399 Smart, Jessica WAVR-21 Threat assessment tool license WAVR-21 - WTS Inc Police 0100 196745 5/1/2022 4/30/2023 $ 1,050 Smart, Jessica X-Ways Software Forensics Forensics investigatory tool. (2 user BYOD licenses) X-Ways Software Technology Police 0100 PCard 3/9/2022 3/9/2023 $ 808 Smart, Jessica Neighborly Cloud based HUD project and grant management Benevate dba Neighborly Software
Community & Economic Dev.
1133 2021-436 8/23/2021 12/1/2023 $ 42,900 Hill, Jessica StreetSaver A computer-based pavement management system, that allows agencies better maintain their local streets and roads.
Metropolitan Transportation Community &
Economic Dev.
1300 2019-317 Non PO Form 3/1/2022 2/28/2023 $ 3,850 Goddard, Kjirsten Star*Net Pro STAR*NET Pro (Annual Maintenance Subscription) MicroSurvey Utilities 1300 2021-226 158039 6/30/2021 6/29/2023 $ 545 Haakma, Daniel Trimble Access Annual Software RNST CSDS Utilities 1300 2013-316 6/24/2022 6/24/2023 $550 Haakma, Daniel Transparity (Traffic) Application that manages communication with traffic signal equipment for programming, etc . Used by PW staff on 4th floor. Used to be "QuicNet" but upgraded on 6/25/2018 to Transparity.
McCain, Inc. Public Works 1700 2019-317 203341 3/15/2021 3/14/2023 $ - Ashby, James Trafficware (Synchro) Trafficware advances motorists' quality of life and promotes green initiatives by optimizing the flow of motorist and pedestrian traffic, while also expediting the arrival of emergency vehicles and maintaining transit vehicle schedules.
Trafficware/Cubic Public Works 1700 3/16/2022 3/16/2025 $ - Ashby, James AutoTURN Map Performs turning movement analysis to check vehicle access and ensure vehicles have enough space to circulate around an area safely and efficiently Transoft Solutions Public Works 1700 211471 10/31/2021 10/31/2022 $ 550 Collins, Scott Parkeon Extended warranty and customer phone support for parking meter software & hardware
Parkeon Public Works 4000 198585 1/1/2022 12/31/2022 $ 3,842 Crowley, Patrick Parkfolio Monthly connectivity charges with Level 3 Alarms, Statistics and CR Card for 5 multispace parking meters
Parkeon Public Works 4000 164219 1/1/2022 12/31/2022 $ 4,138 Crowley, Patrick GO ANYWHERE MFT (City)
"GoAnywhere MFT -Managed File Transfer software used to manage data from various databases and servers both internal and external to City. Project execution can be automated and triggered by various methods. Used to help centralize data file transfers. Useful in creating workflows between systems. All activity is audited.Other available modules:Secure email : Send encrypted email to inside/outside contacts. Can control how long message is available or how many times it is downloaded before it is no longer available. Can integrate with Microsoft Outlook. Web client available too.Secure Forms: HTTPS encrypted web forms.Currently used by Customer Services to provide a sign up form for utility customers and provide encrypted communication with customer to secure confidential information provided by customer. This secure form is integrated into City's website. Can interact with GoAnywhere projects to manage data received.Monitoring and notification of IBM system jobsTotal $9,511 Fortra (HelpSystems) Finance 4100 2022-256 7/1/2023 6/30/2024 $ 10,462 Dotson,James; Bernard, Roland; Martin, Jeni
Crystal Reports 2008 for LIMS systems
Crystal Reports for Laboratory Information Systems (Labworks, lablite) SAP Utilities 4100 N/A N/A 0 Duran, Melissa
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Exhibit A - Software Maintenance for Fiscal Year 2023-24 (Under $50,000) Title Description Vendor Name Department Fund Number Resolution Number PO Number Start Date of Current Maintenance Term
End Date of Current Maintenance Term
Annual
Maintenance Cost Point of Contact
XC2 Backflow Prevention Water Back-flow Prevention system for Inspections administration for the Water Backflow pipes and meter information.
SwiftComply Utilities 4100 130239 2/1/2023 1/31/2024 $ 2,600 Cortez, Leticia Adobe Reader X
Maintenance for design/production of utility bill inserts, mailers, notices, etc Adobe Finance
4100 2022-256
P-card
3/5/2023 3/4/20224 $ 806 Martin, Jennifer
Express / WebView
Enterprise Content Management software that manages documents related to Customer Services. Primarily stores Utility Bills and related reports. WebView is web based interface to retrieve documents. Various types of documents can be archived. Ability to distribute documents via email, etc. Converts spool files on the IBM iSeries to PDF format.Captures PDF, Excel Files, scanned images.Apply retention times of documents stores and can archive documents to tape based on user policies. S4i Systems Finance 4100 2022-256 7/1/2023 6/30/2024 $ 4,148 Bernard, Roland; Martin, Jeni
RASWIN Point of Sale Cash Receipting System Quadrant Finance 4100 2022-256 1/1/2024 12/31/2024 $ 4,720 Brown, Gina Remit Plus Check scanning application to send check payments to bank Jack Henry & Associates, Inc. Finance 4100 2022-256 7/1/2023 6/30/2024 $ 7,040 Brown, GinaLexisNexis Risk: Skip Tracing SkipTracing Services (Collection Process) LexisNexis Finance 41000100
2022-256 6/1/2023 6/1/2024 $ 6,732 Martin, Jennifer
BEACON Meter Reading system used by Water Services Division and used with Naviline Utility Billing.
Badger Meter Utilities 4100 2020-528 191196 (AA) 12/8/2022 12/7/2023 $ 5,000 Echavarria, Melanie MediaStar Digital Signage - Utilities
Application used to schedule, acquire and store video media. Electronic bulletin board Cabletime USA Utilities 4100
4210
$ 6,355 Corder, Wayne
Lucity Lucity provides asset and maintenance management software solutions. The Lucity suite offers you a comprehensive solution for Work Management. The Work modules allow you to establish your work flow, track customer requests, create work orders, establish a preventative maintenance plan, set priorities, provide timetables, track system rehabilitation, and perform budget forecasting.Lucity - GIS CMMS - manage and maintain assets and coordinate tracking of sewer calls and maintenance CentralSquare Technologies Utilities 0100 1700
4100 4210 4480 4892
2023-XXX 4/5/2023 4/4/2024 $ 44,125 Englent, Robert
Cisco ASA 5508-X SmartNet Support
Cisco ASA5508 Firewall Support for SCADA Cisco Utilities 4100 5/15/2022 5/14/2025 $ 11,119 Reggiani, Nick Cisco ASA 5508-X AMP/IPS Subscription License
Cisco ASA5508 FirePOWER IPS and AMP Licenses for SCADA Cisco Utilities 4100 5/15/2022 5/14/2025 $ 8,800 Reggiani, Nick InfoSWMM & InfoWater Annual Maintenance & Software
Agreements for InfoSWMM & InfoWater(Floating License #FLM43R10101-0001041)InfoWater is a fully GIS integrated water distribution modeling and management software application. Built atop ArcGIS™ using the latest Microsoft .NET and Esri ArcObjects component technologies, InfoWater seamlessly integrates advanced water network modeling and optimization functionality with the latest generation of ArcGIS.
Innovyze Utilities 4100 2022-256 228987 (PO) 8/15/2023 8/14/2024 $ 7,500 Alves, Jim infraMap Cloud with 811 Tickets
Cloud-based software utilized by Water Division for USA locate integration. iWater Utilities 4100 11/1/2022 10/31/2023 $ 2,500 Echavarria, Melanie VMWare - SCADA Support SCADA VMWare infrastucture Support VMWare Utilities 4100 218657 3/27/2022 3/27/2025 $ 2,745 Reggiani, Nick infraMAP Enterprise (5) and infraMAP Standard (2)
Utilized by the Water Department to perform valve turning. Disconnected use for Work Orders, Inspections, Isolation Traces, One-Click Reporting, Redlining and Data Collection. Directly control and record data from all Wachs automated valve equipment. iWater Utilities 4100 2022-256 231846 (PO) 11/1/2022 10/31/2023 $7,000 Echavarria, Melanie Maintenance Connection CMMS - Utilities
Maintenance Connection and MC Express; CMMS used to manage and maintain assets and coordinate maintenance of sewer plants Accruent Utilities 4210 2017-107 22054 10/1/2023 9/30/2024 $ 7,700 Gallego, Anna 5 of 10
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Exhibit A - Software Maintenance for Fiscal Year 2023-24 (Under $50,000) Title Description Vendor Name Department Fund Number Resolution Number PO Number Start Date of Current Maintenance Term
End Date of Current Maintenance Term
Annual
Maintenance Cost Point of Contact
Enercalc SE Cloud Structural Engineering Library Enercalc Utilities 4210 4/1/2023 3/31/2024 $ 1,800 Ciotau, Cristian Ignition SCADA Ignition SCADA support for NVRRWP Inductive Automation Utilities 4210 155721 4/3/2022 4/3/2023 $ 5,057 Reggiani, Nick InfoSWMM - Hydraulic Sewer Model
InfoSWMM - Hydraulic Sewer Model Innovyze Utilities 8/15/2023 8/14/2024 $ 6,500 Alves, Jim IT Pipes CCTV Inspection Software IT Pipes Utilities 4210 1/31/2022 1/31/2023 $ 2,475 Englent, Robert IT Pipes CCTV Inspection Software IT Pipes Utilities 4210 1/31/2022 1/31/2023 $ 2,475 Englent, Robert LabWorks Laboratory Information Management System (LIMS) for Wastewater and Water
Labworks Utilities 4210 2018-288 142927 8/1/2018 7/31/2023 $ 18,000 Smigelski, Angie Maintenance Connection CMMS
Utilities - $7065PRND - $3800Public Works - $3800Public Works x2 - $2376Annual Tech Support Renewal $1123Total $18,164 Maintenance Connection Utilities 4210
4480
2017-107 133621
Agreement
4/24/2022 4/23/2023 $ 31,768 Helpdesk, City
Rockwell TechConnect - AssetCentre
Rocwell Factory Talk AssetCenter - PLC Asset Management Subcription License and Support Rockwell Utilities 4210 5/14/2022 5/13/2023 $ 7,700 Reggiani, Nick Rockwell TechConnect - HMI Rockwell Factory Talk SE View, Studio 5000, RS Logix Support Rockwell Utilities 4210 7/19/2021 7/20/2022 $ 4,472 Reggiani, NickAQ2 Discrete Analyzer AQ2 DISCRETE ANALYZER, 090400, 090752
Seal Analytical Utilities 4210 2019-317 207313 10/11/2022 10/10/2023 $ 8,255 Smigelski, Angie Zeno Track Membrane Monitoring for Phase I. This is just a one year renewal till WIMS is in place we will not need.
Suez Utilities 4210 2/20/2020 2/19/2024 $ 7,738 Gallego, Anna Library Software Safari Software Surpass Utilities 4210 5/1/2024 4/30/2025 $ 560 Gallego, AnnaWasteWORKS/ WasteWIZARD WasteWorks and WasteWizard software is a truck scale weight and material tracking database for the Compost Facility.
Carolina Software Public Works 4890 2019-317 162752 7/1/2022 6/30/2023 $ 2,640 Gorth, Nathan Barracuda ArcTitan Filter Cloud Service
Email Security Gateway AMS.net Information
Technology
5230 7/28/2022 7/29/2023 $ 30,689 Calbreath, Phil
Nagios Monitor Infrastructure health & monitoring software Benefitfocus Information Technology
5230 7/1/2022 6/30/2023 $ 2,750 Calbreath, Phil
Genetec - Citywide Cameras Genetec Camera System
License and Maintenance
Best Communication Networks (BCN)
Information Technology
5230 9/8/2020 9/7/2022 $ 13,200 Harless, Kevin
Box.com Encrypted File Transfer Box.com Information
Technology
5230 7/1/2021 6/30/2023 $ 3,490 Calbreath, Phil
Live Action NetTool Network Monitoring Tool CarahSoft Information Technology
5230 1/10/2023 1/9/2024 $ 27,500 Larry Chavez
Accela CRM GoModesto application used by the public on mobile devices to submit issues/requests to the city.GoModesto! is an intuitive, multi-lingual, on-the-go reporting tool allowing residents of Modesto to report issues like street flooding, light outages, illegal dumping, tagging, vandalism, broken playground equipment, or more along with progress notifications until the job is done! Central Square Technologies Information
Technology
5230 2019-317 169390 11/16/2021 11/15/2022 $ 32,581 Curry, Thomas Due MFA Multi-Factor Authentication Cisco Information
Technology
5230 7/1/2022 6/30/2023 $ 27,500 Kevin Harless
Civic Plus - City Website Web Hosted Web Site Civic Plus Information Technology
5230 2018-409 150347 10/1/2021 9/30/2022 $ 34,804 Parker, Trisa Dell/HP Servers Dell/HP Server Maintenance Dell/HP Information Technology
5230 7/1/2022 6/30/2023 $ 13,200 Harless, Kevin
Digicert - gis.modestogov.com
Standard SSL gis.modestogov.com Digicert Information
Technology
5230 2019-317 Pcard 8/10/2021 8/9/2022 $ 461 Calbreath, Phil Digicert - modestoareaexpress.com
Standard SSL for www.modestoareaexpress.com Digicert Information Technology
5230 2019-317 PCard 2/18/2022 3/17/2023 $ 461 Calbreath, Phil Digicert - modestopd.com Standard SSL for modestopd.com Digicert Information Technology
5230 2019-317 PCard 1/18/2021 3/17/2023 $ 461 Calbreath, Phil 6 of 10
#16..
- 402 -
Exhibit A - Software Maintenance for Fiscal Year 2023-24 (Under $50,000) Title Description Vendor Name Department Fund Number Resolution Number PO Number Start Date of Current Maintenance Term
End Date of Current Maintenance Term
Annual
Maintenance Cost Point of Contact
Digicert - sit.stat.modestofire.com
Standard SSL sit.stat.modestofire.com Digicert Information Technology
5230 2019-317 pcard 6/21/2021 7/28/2022 $ 461 Calbreath, Phil Digicert - Wildcard *.modestogov.com
Wildcard SSL *.modestogov.com Digicert Information
Technology
5230 2019-317 PCard 12/20/2021 11/18/2022 $ 1,568 Calbreath, Phil Digicert - Wildcard *.modestopd.com
Wildcared SSL *.modestopd.com Digicert Information
Technology
5230 2019-317 Pcard 11/29/2021 11/28/2022 $ 1,568 Calbreath, Phil AutoCAD Matt Jones is new support contact. DLT Information Technology
5230 2019-317 164472 10/17/2021 10/16/2022 $ 30,827 Koch, Tim Toad for Oracle Oracle Database Tool DLT Information
Technology
5230 2019-317 178837 4/30/2022 4/29/2023 $ 8,361 Ferreira, Lydia Docusign Electronic Signature System Docusign Information Technology
5230 2019-475 172119 11/29/2021 11/28/2022 $ 25,823 Dotson, James DTC - Telecommunications Services
NEC Phone System and Support DTC Information
Technology
5230 189187 9/14/2020 9/13/2022 $ 22,000 Harless, Kevin ESRI - ArcGIS 10.6 It is a powerful GIS authoring, editing, and geoprocessing application that allows you to create beautiful maps, edit and manage spatial data, and perform the full spectrum of analyses needed to turn your raw data into valuable information.+ ESRI Information
Technology
5230 2019-317 176583 5/31/2021 5/30/2023 $ 36,520 Owen-Durant, Teri Barracuda Spam Filter Email Security Gateway; Email Filtering/ Serial #BAR-SF-430845 Hula Networks Information Technology
5230 2019-317 163416 9/18/2021 9/17/2022 $ 9,757 Calbreath, Phil Forcepoint Security Software Triton AP-Web: 1200 seats total MicroAge Information Technology
5230 2018-396 129355 12/20/2020 12/19/2023 $ 49,500 Calbreath, Phil Netmotion 11NMXP25: NetMotion Maintenance for 100
devices, Analytics Module, NAC Module,
Mobile Wireless, LLC Information
Technology
5230 2019-317 173142 1/17/2021 1/16/2023 $ 13,200 Corder, Wayne Policy Management Software City-wide Policy and Procedure Management Software Navex Global Inc. Information Technology
5230 196351 1/27/2023 1/26/2024 $ 24,957 Garnica, Maria Xmedius Voicemail System Maintence NEC/DTC Information
Technology
5230 8/12/2022 8/11/2023 $ 16,500 Doug Villaire
NetMotion Mobility NetMotion Software two-yearpremium maintenance for two mobility XE Server SW Licenses for mobile devices 127 MDC's and 1 additional server Police Module. Allows for network communications with the MDC units installed in police vehicles.$13,948 NetMotion Information
Technology
5230 2018-396 153048 1/17/2022 1/16/2023 $ 7,803 Avila, Marc Nimble Virtual Networking Storage
Nimble Disk Storage System Nimble Information
Technology
5230 2/2/2022 2/1/2023 $ 16,500 Kevin Harless
Kaspersky Antivirus Kaspersky AntiVirus Software PCM-G Information Technology
5230 2019-317 174059 1/28/2021 1/27/2023 $ 11,892 Harless, Kevin Planview PPM Pro City-wide project and software portfolio management system. Planview Information Technology
5230 2019-317 172696 12/1/2021 11/30/2022 $ 15,611 Curry, Thomas Snare Enterprise Agents Windows log collection for remote syslog/SIEM Prophecy America Information Technology
5230 2019-317 PCard 4/8/2018 4/7/2023 $ 1,320 Calbreath, Phil Register.com modestopd.com Register.com Information
Technology
5230 2019-317 Pcard Purchase 9/22/2019 9/23/2028 $ 455 Calbreath, Phil Register.com cityofmodesto.org Register.com Information Technology
5230 2019-317 PCard 1/21/2020 1/21/2029 $ 455 Calbreath, Phil Register.com ciudaddemodesto.com Register.com Information Technology
5230 2019-317 PCard 2/11/2020 2/11/2024 $ 455 Calbreath, Phil Register.com modestosistercities.com Register.com Information Technology
5230 2019-317 PCard Purchase 5/29/2019 5/28/2028 $ 455 Calbreath, Phil Register.com modestogov.com Register.com Information
Technology
5230 2019-317 Pcard Purchase 8/23/2019 8/22/2023 $ 455 Calbreath, Phil Register.com ciudaddemodesto.net Register.com Information Technology
5230 219-317 Pcard 2/11/2020 2/11/2024 $ 455 Calbreath, Phil Register.com ciudaddemodesto.org Register.com Information Technology
5230 2019-317 Pcard 2/11/2020 2/12/2029 $ 455 Calbreath, Phil Register.com modestoyouth.org Register.com Information
Technology
5230 2019-317 PCard 2/25/2020 2/25/2024 $ 455 Calbreath, Phil 7 of 10
#16..
- 403 -
Exhibit A - Software Maintenance for Fiscal Year 2023-24 (Under $50,000) Title Description Vendor Name Department Fund Number Resolution Number PO Number Start Date of Current Maintenance Term
End Date of Current Maintenance Term
Annual
Maintenance Cost Point of Contact
Register.com - businfo.org businfo.org Register.com Information Technology
5230 2019-317 Pcard 5/15/2011 5/14/2023 $ 455 Calbreath, Phil Register.com - centreplaza.com
centreplaza.com register.com Information
Technology
5230 2019-317 Pcard 7/18/2011 7/17/2022 $ 455 Calbreath, Phil Register.com - choosemodesto.com
choosemodesto.com Register.com Information
Technology
5230 2019-317 PCard 4/12/2011 4/11/2023 $ 455 Calbreath, Phil Register.com - colormodesto.com
colormodesto.com Register.com Information
Technology
5230 2019-317 Pcard 5/15/2011 5/14/2023 $ 455 Calbreath, Phil Register.com - golfmodesto.com
golfmodesto.com Register.com Information
Technology
5230 2019-317 Pcard 10/24/2012 10/23/2022 $ 455 Calbreath, Phil Register.com - investinmodesto.com
investinmodesto.com Register.com Information
Technology
5230 2019-317 PCard 3/10/2012 3/10/2023 $ 455 Calbreath, Phil Register.com - modairport.com
modairport.com Register.com Information
Technology
5230 2019-317 Pcard 8/7/2012 8/6/2022 $ 455 Calbreath, Phil Register.com - modesto.org modesto.org Register.com Information Technology
5230 2019-317 Pcard 9/13/2012 9/12/2022 $ 455 Calbreath, Phil Register.com - modestoareaexpress.com
modestoareaexpress.com Register.com Information
Technology
5230 2019-317 Pcard 8/22/2012 8/21/2022 $ 455 Calbreath, Phil Register.com - modestoca.us modestoca.us Register.com Information Technology
5230 2019-317 Pcard 5/21/2011 5/20/2023 $ 455 Calbreath, Phil Register.com - modestocalifornia.us
modestocalifornia.us Register.com Information
Technology
5230 2019-317 Pcard 5/21/2011 5/20/2023 $ 455 Calbreath, Phil Register.com - modestocares.com
modestocares.com Register.com Information
Technology
5230 2019-317 Pcard 1/24/2019 1/23/2028 $ 455 Calbreath, Phil Register.com - Modestoceresfire.org
modestoceresfire.org Register.com Information
Technology
5230 2019-317 Pcard 9/26/2019 9/25/2028 $ 455 Calbreath, Phil Register.com - modestocruiseroute.com
modestocruiseroute.com Register.com Information
Technology
5230 2019-317 PCard 4/19/2011 4/18/2023 $ 455 Calbreath, Phil Register.com - modestofire.com
modestofire.com Register.com Information
Technology
5230 2019-317 Pcard 3/25/2012 3/24/2023 $ 455 Calbreath, Phil Register.com - modestograffiticruiseroute.com
modestograffiticruiseroute.com Register.com Information Technology
5230 2019-317 PCard 4/19/2011 4/18/2023 $ 455 Calbreath, Phil Register.com - modestopolice.com
modestopolice.com Register.com Information
Technology
5230 2019-317 Pcard 8/17/2011 8/16/2023 $ 455 Calbreath, Phil Register.com - modestorda.com
modestorda.com Register.com Information
Technology
5230 2019-317 Pcard 7/29/2011 7/28/2022 $ 455 Calbreath, Phil Register.com - modestorda.net
modestorda.net Register.com Information
Technology
5230 2019-317 Pcard 7/29/2011 7/28/2022 $ 455 Calbreath, Phil Register.com - modestorda.org
modestorda.org Register.com Information
Technology
5230 2019-317 Pcard 7/29/2011 7/28/2022 $ 455 Calbreath, Phil Register.com - nvrrecycledwater.com nvr-recycledwater.com Register.com Information Technology 5230 2019-317 PCard 12/1/2011 11/30/2022 $ 455 Calbreath, Phil Register.com - nvrrecycledwater.org nvr-recycledwater.org Register.com Information Technology 5230 2019-317 PCard 12/1/2011 11/30/2022 $ 455 Calbreath, Phil Register.com - partnersinpaint.net
partnersinpaint.net Register.com Information
Technology
5230 2019-317 Pcard 9/25/2011 9/24/2022 $ 455 Calbreath, Phil Register.com - partnersinpaint.org
partnersinpaint.org Register.com Information
Technology
5230 2019-317 PCard 5/14/2011 5/13/2023 $ 455 Calbreath, Phil Register.com - stancrimetips.com
stancrimetips.com Register.com Information
Technology
5230 2019-317 Pcard 12/3/2013 12/3/2022 $ 455 Calbreath, Phil Register.com - stancrimetips.org
stancrimetips.org Register.com Information
Technology
5230 2019-317 PCard 12/4/2013 12/3/2022 $ 455 Calbreath, Phil Register.com - stancsoc.com stancsoc.com Register.com Information Technology
5230 2019-317 PCard 4/13/2011 4/12/2023 $ 455 Calbreath, Phil Register.com - strgba.org strgba.org Register.com Information Technology
5230 2019-317 Pcard 5/17/2013 5/16/2023 $ 455 Calbreath, Phil Register.com - turlockgba.org turlockgba.org Register.com Information Technology
5230 2019-317 PCard 10/20/2011 10/19/2022 $ 455 Calbreath, Phil 8 of 10
#16..
- 404 -
Exhibit A - Software Maintenance for Fiscal Year 2023-24 (Under $50,000) Title Description Vendor Name Department Fund Number Resolution Number PO Number Start Date of Current Maintenance Term
End Date of Current Maintenance Term
Annual
Maintenance Cost Point of Contact
Register.com - usamodesto.com
usamodesto.com Register.com Information
Technology
5230 2019-317 Pcard 11/1/2011 10/31/2022 $ 455 Calbreath, Phil Register.com eaststanirwm.org
eaststanirwm.org Register.com Information
Technology
5230 2019-317 Pcard 7/9/2012 7/8/2022 $ 455 Calbreath, Phil SANS Security Awareness Training
CityWide SANS Secuirty Training for all staff SANS Information Technology
5230 4/14/2023 4/16/2024 $ 7,590 Parker, Trisa
SANS Institute of Advanced Technologies, Inc.
Training - End User and Other SANS Institute Information Technology
5230 2019-317 181883 7/1/2020 7/1/2022 $ 6,930 Calbreath, Phil IVR & IVR Remote Desktop Phone IVR system used by Finance/Customer Services (Utilities) and CED/Building Safety to allow citizens to phone in and pay utility bill or schedule permit inspections, etc.
Selectron Information
Technology
5230 2019-317 164522 11/1/2021 10/31/2022 $ 26,312 Martin, Jennifer Discovery Attender 2 licenses for Software tool for Public Records Requests, Subpoena's, and etc.
Sherpa Information
Technology
5230 2019-317 PCard Purchase -
Phil
3/4/2021 3/3/2023 $ 1,023 Calbreath, Phil
Manage Engine Password Manager Pro
Manage Engine Password Manager Pro: 10 licenses SHI Information Technology
5230 2019-317 180144 5/18/2021 5/17/2023 $ 3,621 Calbreath, Phil ManageEngine Service Desk Service Desk Software - Track It Replacement SHI Information Technology
5230 New 2019 170547 11/28/2021 11/27/2022 $ 13,327 Corder, Wayne Commvault Comcell ID F8D9E SHI International Information Technology
5230 2019-317 181143 6/8/2021 6/7/2023 $ 35,425 Marc Avila Nessus-Tenable Vulnerability Scanner: 10 licenses SHI International Information Technology
5230 2019-317 162468 10/8/2021 10/7/2022 $ 2,387 Calbreath, Phil Meraki Mobile Device Management System Full Version Telcion Information Technology
5230 165596 9/6/2021 9/5/2022 $ 20,730 Corder, Wayne
Meraki WiFi license for City Hall Plaza, 1st and 2nd floor Telcion Information Technology
5230 3/14/2020 2/13/2023 $ 1,314 Chavez, Larry
Vertex Payroll Tax Q Series Online resource to download tax files for integration into Oracle HRMS for payroll processing.
Vertex Information
Technology
5230 2019-317 160164 9/1/2021 8/31/2022 $ 13,048 Maniscalco, Calogero Liebert Uninterruptible Power Supply (UPS)
Liebert Uninteruptable Power Supply (UPS) Vertiv Information Technology
5230 2019-317 149956 3/1/2021 2/28/2023 $ 20,632 Harless, Kevin ServiceDesk Plus IT Helpdesk Work Order System Zoho Information Technology
5230 1/3/2023 1/2/2024 $ 15,400 Wayne Corder
PINS Advantage Electronic Insurance Certificate Management System PINS Advantage Human Resources
5310 209-317 169499 10/27/2017 10/24/2022 $ 9,900 Holt, Derrick Allison - Bus Transit Maintenance Software for City Buses Allison Public Works 5400 8/29/2021 8/29/2022 $ 770 Barr, David Allison - Fleet Fleet Maintenance Software for Corp Yard & Cop Shop Allison Public Works 5400 10/1/2021 10/1/2022 $ 770 Barr, DavidCAT diagnostic software Fleet Maintenance Software for Corp Yard & Cop Shop CAT diagnostic software Public Works 5400 8/1/2021 8/1/2022 $ 5,610 Barr, DavidCummins - Bus Transit Maintenance Software for City Buses Cummins Public Works 5400 2/21/2022 2/22/2023 $ 3,300 Barr, David Cummins - Fleet Fleet Maintenance Software for Corp Yard & Cop Shop Cummins Public Works 5400 10/1/2021 10/1/2022 $ 550 Barr, David Detroit - Bus Transit Maintenance Software for City Buses Detroit Public Works 5400 9/3/2021 9/3/2022 $ 770 Barr, David Ford - Fleet Fleet Maintenance Software for Corp Yard & Cop Shop Ford Public Works 5400 10/1/2021 10/1/2022 $ 1,870 Barr, DavidJohn Deere - Fleet Fleet Maintenance Software for Corp Yard & Cop Shop John Deere Public Works 5400 10/1/2021 10/1/2022 $ 5,280 Barr, DavidMack/Volvo - Fleet Fleet Maintenance Software for Corp Yard & Cop Shop Mack/Volvo Public Works 5400 10/1/2021 10/1/2022 $ 3,465 Barr, David Mitchell 1 Diagnotic - Fleet Fleet Maintenance Software for Corp Yard & Cop Shop Mitchell 1 Diagnotic Public Works 5400 10/28/2021 10/27/2022 $ 2,750 Barr, David FA Suite Applications Fleet Work Order System AssetWorks Public Works 5409 2019-317 169900 12/1/2021 11/30/2022 $ 41,150 Barr, DavidMaintenance Connection CMMS - Public Works Maintenance Connection - Annual Technical Support, including hosting, software maintenance, technical support, and upgrades, and 2 licenses; approx $4500/yr. MC Express support & maintenance (approx $610/yr).
Accruent Public Works 5800 2019-317 203454, 209652 7/1/2021 6/30/2023 $ 6,580 Crowley, Patrick LMC Data - eFax Electronic fax services LMC Data Via Consenus Finance 4100/0100 $ Martin, Jennifer 1,782 9 of 10
#16..
- 405 -
Exhibit A - Software Maintenance for Fiscal Year 2023-24 (Under $50,000) Title Description Vendor Name Department Fund Number Resolution Number PO Number Start Date of Current Maintenance Term
End Date of Current Maintenance Term
Annual
Maintenance Cost Point of Contact
Debt managemetnt Management of debt and leases citywide Debt Management Finance Various Funds 2/1/2024 2/1/2025 $ Garnica, Maria 16,500 $1,666,680
10 of 10
#16..
- 406 -
Exhibit B - Software Maintenance for Fiscal Year 2023-24 (Over $50,000) Title Description Vendor Name Department Fund Number Resolution Number PO Number Start Date of Current Maintenance Term
End Date of Current Maintenance Term
Annual Maintenance Cost Point of Contact
NeoGov Electronic Recruitment and Onboarding
System including Modules: Perform, Custom Employee Integration, Insight, and Onboard NeoGov Human Resources 0100 2022-256 154814 2/15/2023 2/14/2024 $ 92,004 Dawn Kelley Zoll Fire RMS & ePCR Modesto Fire Department's Fire Records Management System and Electronic Patient Care Record
Zoll Fire 0100 2020-277 156679 1/22/2019 7/18/2022 $ 56,483 Andrew Hunter Officer Safety Plan 7 Officer Safety Plan - Evidence.com licensing 4 year contract - Year 2
Axon Enterprise Police 0100 2020-538 207362 12/18/2020 5/13/2023 $ 624,363 Valencia, Ivan Cellebrite Premium Premum Annual License Renewal and
Phone/devices cracking technology; Cell phone digital forensic tool UFED UPC Ultimate X3 & UFED Cloud Ananlyzer and Dongels Cellebrite Police 0100 2019-317 195960 2/14/2022 2/13/2023 $ 125,000 Meredith, Bob CAD System Maintenance CAD System Maintenance MPD share of 911 Communications Center -billed by Stanislaus County
Central Square Technologies
Police 0100 2019-317 N/A 4/30/2022 4/30/2023 $ 73,500 Smart, Jessica ESRI - ArcGIS 10.6 (PD) It is a powerful GIS authoring, editing, and geoprocessing application that allows you to create beautiful maps, edit and manage spatial data, and perform the full spectrum of analyses needed to turn your raw data into valuable information. Annual Licensing for ArcGIS Geo-Event Server (Windows) Up to four cores, 365-day Term License. Year 5 of 5 CyberTech Police 0100 2019-317 180418 2/14/2022 2/13/2023 $ 57,750 Owen-Durant, Teri ESRI Enterprise Advantage Program (EEAP)
Annual subscription for techincal assistance and access to training for the geospatial dashboards; ARC GIS ESRI Police 0100 3/1/2022 3/1/2023 $ 55,125 Smart, Jessica Coplink 4.9.1 COPLINK is a mutli-agency data sharing
platform. Modesto PD and Stanislaus County Sheriff's Office currently pay 50% each for the system that is housed at MPD. MPD, the Sheriffs's Office, and the PD's of Oakdale, Ceres, and Turlock all have access. From the LENS (modesto) node, any of these agenices can query against any other participating agency for persons, plates, locations, and document numbers. Annual renewal of Proprietary COPLINK Cloud Software licensing and Data Source Integration Maintenance with Forensic Logic.
ForensicLogic Police 0100 2019-317 182397 4/1/2020 3/31/2023 $ 190,113 Smart, Jessica Gray Shift - Gray Key Forensic tool to extract data from Iphones Gray Shift - Gary Key Police 0100 228742 5/31/2022 8/5/2023 $ 48,295 Smart, Jessica Vigilant Software subscription for Vigilant software
for the LPRs, Software license Key Fee for each camera, Commercial Data Fee and Data Source Fee; Additional 2 licences for mobile access to LPR Cameras $2000 Lehr Police 0100 197918 3/31/2022 3/31/2023 $ 60,165 Smart, Jessica 1 of 5
#16..
- 407 -
Exhibit B - Software Maintenance for Fiscal Year 2023-24 (Over $50,000) Title Description Vendor Name Department Fund Number Resolution Number PO Number Start Date of Current Maintenance Term
End Date of Current Maintenance Term
Annual Maintenance Cost Point of Contact
GeoShield GeoShield is a data integration and
visualization platform, built on top of ESRI ArcGIS. GeoShield provides a map-based dashboard where Calls for Service, Records Management Incidents, Probationers, Police vehicle locations, cameras, and license plate readers are aggregated and displayed on an interactive map. GeoShield also contains full Crime Analysis tools that MPD is looking into replacing CrimeView with.
Spatialitics LLC Police 0100 2022-063 2/1/2022 2/1/2025 $ 77,175 Smart, Jessica E-Builder e-Builder, Inc. Program Management
Information System (Enterprise Capital Program license) unlimited licenses e-Builder, Inc. Utilities 1300 2022-275 228060 7/15/2022 7/15/2023 $ 79,013 Kambel, Pete LCP Tracker Labor Compliance Softw Utilities 1300 2022-166 224573 4/5/2022 4/5/2025 $ Jones, Sherrie 13,577 Automated Parking System NowCare Premium Support Agreement Tech support for automated parking system software & hardware Amano McGann Inc Public Works 4000 2019-317 173179 4/1/2020 3/31/2023 $ 55,000 Crowley, Patrick Customer Information System
Naviline utility billing application. Naviline utility billing application includes Naviline Cash Receipts, Navline CIS, Naviline Land Management, Naviline Accounts Receivable, Naviline Mobile Service Orders, Naviline ICIS VR Credit Card interface, Naviline CIS Voice Response Interface, Naviline Document Management Services (DMS), Naviline CIS Work Orders, Fusion maintenance for online bill pay portal for AR and Utility Billing ($6,930) CentralSquare (Formerly Superion)
Finance 4100
0100
2022-256 7/1/2023 6/30/2024 $ 122,000
Martin, Jennifer
2 of 5
#16..
- 408 -
Exhibit B - Software Maintenance for Fiscal Year 2023-24 (Over $50,000) Title Description Vendor Name Department Fund Number Resolution Number PO Number Start Date of Current Maintenance Term
End Date of Current Maintenance Term
Annual Maintenance Cost Point of Contact
ESRI - Water, Wastewater, Storm Drain
ESRI - GIS for new work order system (Lucity)
Environmental Systems Research Institute
Utilities 4100, 4210 2018-117 137817 (AA) 3/13/2018 3/12/2023 $ 62,000 Owen-Durant, Teri HSQ - Phone Support HSQ (SCADA)- CMMS manage and
maintain regulatoryprocess data
HSQ Utilities 4100
4210
2021-325 206759 (AA) 11/1/2021 10/31/2023 $ 52,272 Reggiani, Nick Linko Database Program CROMEER Compliant Software Linko Technology Utilities 4210 020-516 194434 4/1/2023 3/31/2024 $ 98,681 Martinez, Jessica CGI Advantage Performance Budgeting (PB)
Budget Software that is used for department budget entry and generation of the entire operating budget for the City of Modesto. The software is operated as a Software as a Service (SAAS).
CGI Information
Technology
5230 2019-317 176344 4/1/2022 3/31/2023 $ 112,200 Christensen, Stephan Oracle E-Business Suite (COSMO) 4105695
City-wide ERP application for Finance and HR processes. Support# 4105695 Oracle Information
Technology
5230 2019-317 180213 6/1/2022 5/31/2023 $ 293,257 Christensen, DeAnna Oracle Database Support# 2344161 Oracle Information
Technology
5230 2019-317 180219 6/1/2022 5/31/2023 $ 145,666 Dotson, James Oracle Financials Expansion True-up based upon the City's Annual Operating Budget
Oracle Information
Technology
5230 4/13/2022 4/12/2023 $ 21,435 Dotson, James
3 of 5
#16..
- 409 -
Exhibit B - Software Maintenance for Fiscal Year 2023-24 (Over $50,000) Title Description Vendor Name Department Fund Number Resolution Number PO Number Start Date of Current Maintenance Term
End Date of Current Maintenance Term
Annual Maintenance Cost Point of Contact
ERP Project Costing Support# 5163867 Oracle Information Technology
5230 2019-317 181144 6/2/202 6/1/2023 $ 7,053 Gwarggis, Susan Oracle Financials #1 Support# 5729309 Oracle Information Technology
5230 2019-317 164492 11/21/2021 11/20/2022 $ 5,192 Gwarggis, Susan Oracle Financials #2 Support# 18679065 Oracle Information Technology
5230 2019-317 165168 8/9/2021 8/8/2022 $ 13,044 Gwarggis, Susan Oracle Human Resources #1 Support# 5109761 Oracle Information Technology
5230 2019-317 181147 7/1/2022 6/30/2023 $ 9,334 Gwarggis, Susan Oracle Human Resources #2 Support# 5896965 Oracle Information Technology
5230 2019-317 181145 7/1/2022 6/30/2023 $ 8,459 Gwarggis, Susan Oracle Human Resources #3 Support# 6853126 Oracle Information Technology
5230 2019-317 161856 8/3/2021 8/2/2022 $ 7,973 Gwarggis, Susan Oracle Supply Chain Management
Support# 5137117 Oracle Information
Technology
5230 2019-317 181146 7/1/2022 6/30/2023 $ 2,102 Gwarggis, Susan Oracle Tuning Pack Support# 5721756 Oracle Information
Technology
5230 2019-317 162446 11/16/2021 11/15/2022 $ 3,124 Gwarggis, Susan Hyland - OnBase Agenda Agenda Management System Hyland Information Technology
5230 2019-474 165054 11/1/2021 10/31/2022 $ 39,600 Dotson, James Hyland - SaaS Fees (Video Hosting)
Video Hosting for Agenda Management System
Hyland Information
Technology
5230 2019-474 169915 11/1/2021 10/31/2022 $ 10,692 Dotson, James CommunityDev TRAKiT Permits
Cloud permit and case-tracking application
used by many departments including CED,PW, UPP, etc.
CentralSquare Community &
Economic Dev.
5230 1/1/2022 1/1/2023 $ 235,274 Diaz, Oscar
Carahsoft Technology Corporation (eCivis)
City-wide Grant Management Software solution
Carahsoft Technology Corporation (eCivis)
Finance 5230 2023-014 1/10/2023 1/9/2028 $ 48,059 Christensen, DeAnna 4 of 5
#16..
- 410 -
Exhibit B - Software Maintenance for Fiscal Year 2023-24 (Over $50,000) Title Description Vendor Name Department Fund Number Resolution Number PO Number Start Date of Current Maintenance Term
End Date of Current Maintenance Term
Annual Maintenance Cost Point of Contact
McAfee Virus Scan Suite Endpoint threat protection:Anti-malware COM/MPD: 1450Grant Number 11971371-NAI
CDWG Information
Technology
5230 2019-317 180532 5/13/2021 5/12/2023 $ 20,900 Calbreath, Phil Cisco Maintenance True-up Mid Agreement
Cisco SmartNET & Licensing Maintenance
Cisco Information
Technology
5230 7/1/2022 6/30/2023 $ 110,000 Kevin Harless
Compellent - SAN SAN in server closet @ TSP Dell Information Technology
5230 2019-317 156369 4/20/2022 4/30/2023 $ 54,656 Chavez, Larry Server M1000 Maintenance Hardware Maintence support for Dell M1000 server platform
Dell Information
Technology
5230 6/1/2020 5/31/2023 $ 57,750 Harless, Kevin
Kovarus/Dell Annual Maintenance for VXRail, SAN,
comm.
Dell/Kovarus Information
Technology
5230 8/1/2021 7/31/2026 $ 275,000 Harless, Kevin
NEC 9300 SW City Phone System DTC Information
Technology
5230 150135 12/11/2018 12/28/2023 $ 46,825 Villaire, Doug VMWare Virtual Server Software Kovarus Information
Technology
5230 2019-317 15439 3/27/2022 3/26/2023 $ 55,000 Harless, Kevin Microsoft Enterprise Agreement
Microsoft 365, Windows Microsoft Information
Technology
5230 5/1/2020 4/30/2023 $ 687,500 Harless, Kevin
Barracuda ArcTitan Message Archiver
Appliance that stores an archive of Exchange data: Model 650 Cloud Serial Number BAR-MA-585697 SHI Information
Technology
5230 2019-317 175358 2/17/2022 2/18/2023 $ 60,500 Calbreath, Phil Siteimprove Website quality assurance and ADA
(American Diasabilities Act) compliance
Siteimprove Information
Technology
5230 2019-317 148308 12/5/2021 12/4/2024 $ 28,188 Parker, Trisa Linux (Red Hat) Red Hat Linux Licensing for Oracle EBS Solid Networks Information Technology
5230 114592 5/17/2017 5/16/2023 $ 33,000 Harless, Kevin Cisco SmartNet Licensing, support and maintence for
enterprise communication equipment
Telcion Information
Technology
5230 9/14/2021 9/13/2024 $ 205,334 Harless, Kevin
Wordly Council Interpreation System Wordly Information
Technology
5230 8/1/2022 7/31/2023 $ 49,500 Kevin Harless
Payflow Pro
Paypal/Braintree Payment gateway for online payments for Parking Citations and payment gateway for IVR phone payments for Utility Billing. PayPal Finance 01004100 2022-256 7/1/2023 6/30/2024 180,000 $ Martin, Jennifer $ 4,769,133 $ ‐
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CITY OF MODESTO
COUNCIL AGENDA REPORT
DATE OF MEETING:
June 6, 2023
Date: May 15, 2023
TO: Mayor and City Council
THROUGH: Joseph P. Lopez, City Manager
FROM: Laurie A. Smith, Director of Parks, Recreation and Neighborhoods SUBJECT: Community & Special Event Sponsorships – Direct Contributions CONTACT: Laurie A. Smith, Director of Parks, Recreation and Neighborhoods, [email protected], 209-577-5347
DESCRIPTION:
Consider affirming the City’s in-kind sponsorships identified in Administrative Directive 3.6 and approving Community and Special Event Sponsorships with direct contributions to the KingKennedy Memorial Center Board of Directors (increase), National Association of the Advancement of Colored People Modesto/Stanislaus Branch, The Hot Wheels Foundation of Modesto, CA, West Modesto Community Collaborative, Downtown Modesto Partnership, The Miracle League of Stanislaus County, and Veterans in Community Advocacy. (Funding Source:
General Fund)
STRATEGIC PLAN ELEMENT:
This item supports the City of Modesto’s 2020-2025 Strategic Plan to promote trust and engagement through collaborating with community and civic organizations.
BACKGROUND:
Community and special events provide quality of life and economic benefits to Modesto. Over the years, many reoccurring events, including the 4th of July, Veteran’s Day, Graffiti Parades, Love Modesto, Music in the Plaza, Rockin’ Holidays, and MoBand Concerts in the Park are proudly supported by the City each year through in-kind donations of staff time, services, fee waivers, and equipment. Similarly, annual financial contributions to Martin Luther King, Jr.
Peace Life, Stanislaus Partners in Education, and King-Kennedy Board of Directors remain ongoing.
Each year the City receives more applications for City sponsorship of community and special events and requests for in-kind support and direct contributions. In recognition that City resources are limited, and to ensure support is allocated in a fair and fiscally responsible manner, the City implemented Administrative Directive Policy Number 3.6 for Community & Special Event Sponsorships for the application of new and one-time City sponsorships (Directive).
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City Council, June 6, 2023
Community & Special Event Sponsorships – Direct Contributions
To qualify for City sponsorship, the event is required to have a social, educational, economic, or recreational benefit to the community. Events cannot be religious or political in nature nor seek to support or oppose any religious or political viewpoints. Qualifying events must be held at a City-owned building, property, or on City street(s). Requests for in-kind support are approved or denied at the discretion of the responsible department head(s). Requests for direct contributions less than $500 may also be approved at the department head level. However, all requests for direct contributions over $500 and increases in contributions, require City Council approval.
DISCUSSION:
Administrative Directive 3.6 affirms the City’s continued in-kind support to community and special events. Fiscal Year 23/24’s in-kind support, estimated at $240,000, is included in the City’s operating budget. Likewise, $30,900 in direct contributions is also included. Of that, $20,500 is for new and increased direct contributions for Council’s consideration. A full listing of the City’s current in-kind support, current monetary contributions, as well as proposed new monetary contributions are identified in Exhibit A of the Directive.
Over the course of the past six months, new requests for direct contributions have been received. These new requests were presented to the Finance Committee in April 2023 as part of the Fiscal Year 2023-2024 Budget Workshops.
1. $5,000 National Association for the Advancement of Colored People – Modesto/Stanislaus Branch
Freedom Fund Banquet and Community Services Awards – March 9, 2024 This annual event recognizes and celebrates individuals and community organizations that contribute to the pursuit of equitable human and civil rights for all in Stanislaus County. City sponsorship of this event will assist in fundraising for the resources needed for the branch to continue its purposeful and essential community work and support its mission to ensure political education, and social and economic equality of all persons to eliminate race-based discrimination.
2. $500 The Hot Wheels Foundation of Modesto, CA
2 nd Annual Basketball Tour – June 17, 2023
The Hot Wheels Foundation of Modesto, CA is committed to supporting individuals with physical disabilities with community-based programming in Stanislaus County. Its mission is to assist people with spinal injuries and physical disabilities to achieve independence, self-reliance, and full participation in sports activities. City sponsorship of this event will provide funding for team jerseys, trophies, and refreshments.
3. $2,500 West Modesto Community Collaborative
2024 Crab Feed Fundraiser – January 2024
The West Modesto Community Collaborative (WMCC) provides outreach services focused on health, safety, and education for all individuals through community engagement and advocacy. WMCC hosts many programs that prepare children and families for a healthy and positive lifestyle like The Zephyr Clarke Wellness Center, Navigation Program, Planet Baby, Mortgage Relief Program, and community fitness and exercise programs. City sponsorship of this event will assist WMCC in showcasing the value of services provided. #17..
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City Council, June 6, 2023
Community & Special Event Sponsorships – Direct Contributions
4. $2,500 Downtown Modesto Partnership
Downtown Modesto Walls 2024 Mural Festival – TBD
The Downtown Modesto Partnership’s goal is to build a positive image of downtown Modesto by highlighting all the great things the community has to offer and bolstering services that improve the user experience. Since 2018, DOMO has been bringing large-scale art installations to the heart of the city. To date, 17 have been installed and are treasured by the community. City sponsorship of the program will assist in offsetting costs for the annual multi-day art festival and celebration.
5. $3,000 The Miracle League of Stanislaus County
The Miracle League focuses on providing a safe and enjoyable team sport experience for children and young adults with physical and mental disabilities regardless of their experience level or ability. City sponsorship goes toward player dues, uniforms, equipment, umpires, field maintenance, and league operating expenses.
6. $2,500 Veterans in Community Advocacy (dba American GI Forum) Dia de los Muertos - October 2024
Dia de los Muertos/Day of the Dead is a cultural traditional event originating in Mexico. Prior to 2017, there was a charge to attend the one-day events which showcases Mexican heritage and customs. The family-friendly festival includes mariachi bands, vocalists, folklorico groups, lip sync performances, and craft and food vendors. In 2022, the event was expanded to several city blocks. City sponsorship will help to offset 10% of the operating costs due to the expansion of the event and rise in costs for goods and services.
Contribution Increase:
In 2019, the City entered into a Memorandum of Understanding with the (Board). The Board serves as an advisory board to the City regarding the operation of the Center and its programming. The Board also provides seven free community events each year, including, the annual Dr. Martin Luther King Jr. Luncheon, 2-Day Black History Celebration, Mother’s Day Brunch, Old Time Jubilee, Scholarship Awards Ceremony, Juneteenth Celebration, Community Information Reception, and Turkey Giveaway. Over the last three years, the costs to provide these services has risen. Staff is requesting an annual increase in the City’s direct contributions to the Board from $4,000 to $6,000 per year.
New sponsorship applications for direct contributions and in-kind support may be received and vetted throughout the year. All requests for direct contributions, which meet the criteria and application deadlines, will be forward to the Council for consideration.
FISCAL IMPACT:
Direct contributions for the six City sponsorships are included in the City’s Fiscal Year 2023- 2024 Operating Budget – General Fund.
$18,500 Parks, Recreation & Neighborhoods
$1000 Public Works
$1000 City Manager’s Office
$20,500 Total
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City Council, June 6, 2023
Community & Special Event Sponsorships – Direct Contributions
COMMITTEE RECOMMENDATION:
This item was previously heard by the Finance Committee at the Fiscal Year 2023-2024 Budget Workshops held on April 19, 2023.
RECOMMENDED COUNCIL ACTION:
Staff Recommendations:
Resolution affirming the City’s in-kind sponsorships identified in Administrative Directive 3.6 and approving Community and Special Event Sponsorships and direct contributions to the KingKennedy Memorial Center Board of Directors (increase), National Association for the Advancement of Colored People Modesto/Stanislaus Branch, The Hot Wheels Foundation of Modesto, CA, West Modesto Community Collaborative, Downtown Modesto Partnership, The Miracle League of Stanislaus County, and Veterans in Community Advocacy.
Approved by:
Laurie A. Smith, Director
Parks, Recreation & Neighborhoods Department
Joseph P. Lopez, City Manager
Attachments:
1. Resolution
2. Administrative Directive No. 3.6
3. Exhibit A
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06-06-2023/PRND/LSMITH 1 2023-?
MODESTO CITY COUNCIL
RESOLUTION NO. 2023-?
RESOLUTION AFFIRMING THE CITY’S IN-KIND SPONSORSHIPS
IDENTIFIED IN ADMINISTRATIVE DIRECTIVE 3.6 AND APPROVING
COMMUNITY AND SPECIAL EVENT SPONSORSHIPS AND DIRECT
CONTRIBUTIONS TO THE KING-KENNEDY MEMORIAL CENTER BOARD
OF DIRECTORS (INCREASE), NATIONAL ASSOCIATION FOR THE
ADVANCEMENT OF COLORED PEOPLE MODESTO/STANISLAUS BRANCH,
THE HOT WHEELS FOUNDATION OF MODESTO, CA, WEST MODESTO
COMMUNITY COLLABORATIVE, DOWNTOWN MODESTO PARTNERSHIP,
THE MIRACLE LEAGUE OF STANISLAUS COUNTY, AND VETERANS IN
COMMUNITY ADVOCACY
WHEREAS, community and special events provide community and economic benefits to Modesto; and
WHEREAS, each year the City receives more requests for in-kind and direct contribution sponsorships; and
WHEREAS, the City implemented Administrative Directive Policy Number 3.6 for Community and Special Event Sponsorships for the application of new and one-time City sponsorships; and
WHEREAS, sponsorship criteria require events to have a social, educational, economic, or recreational benefit to the community; cannot be religious or political in nature or seek to support or oppose any religious or political viewpoints; and are held at a City-owned building, property or street(s); and
WHEREAS, Exhibit A of Administrative Directive Policy Number 3.6 has been updated to include new Community and Special Events sponsorships; and WHEREAS, new requests for direct contributions over $500 require City Council approval; and
WHEREAS, staff recommends increasing its direct contribution to the KingKennedy Memorial Center Board of Directors from $4,000 to $6,000; and #17..
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06-06-2023/PRND/LSMITH 2 2023-?
WHEREAS, six new applications for direct contributions have been received from:
1. $5,000 National Association for the Advancement of Colored People – Modesto/Stanislaus Branch (Freedom Fund Banquet and
Community Services Awards)
2. $500 The Hot Wheels Foundation of Modesto, CA (2nd Annual Basketball Tour)
3. $,2500 West Modesto Community Collaborative (2024 Crab Feed Fundraiser)
4. $2,500 Downtown Modesto Partnership – Downtown Modesto Walls (2024 Mural Festival)
5. $3,000 The Miracle League of Stanislaus County
6. $2,500 Veterans in Community Advocacy (Dia de los Muertos/Day of the Dead Festival
WHEREAS, the direct contributions for each were presented to the Finance Committee at the Fiscal Year 2023-2024 Budget Workshop held on April 19, 2023, and WHEREAS, General Fund funding for each direct contribution is budgeted in various Fiscal Year 2023-2024 operating budgets in Parks, Recreation and Neighborhoods ($18,500), Public Works ($1,000) and City Manager’s Office ($1,000).
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Modesto that it hereby affirms the City’s in-kind sponsorships identified in Administrative Directive Policy Number 3.6.
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06-06-2023/PRND/LSMITH 3 2023-?
BE IT FURTHER RESOLVED that it approves and increase in the direct contribution to the King-Kennedy Memorial Center Board of Directors from $4,000 to $6,000.
BE IT FURTHER RESOLVED that it hereby approves City sponsorship and direct contributions to the following:
1. $5,000 National Association for the Advancement of Colored People – Modesto/Stanislaus Branch (Freedom Fund Banquet and Community Services Awards)
2. $500 The Hot Wheels Foundation of Modesto, CA (2nd Annual Basketball Tour)
3. $2500 West Modesto Community Collaborative (2024 Crab Feed Fundraiser)
4. $2500 Downtown Modesto Partnership - Downtown Modesto Walls (2024 Mural Festival)
5. $3000 The Miracle League of Stanislaus County
6. $2500 Veterans in Community Advocacy (Dia de los Muertos/Day of the Dead Festival
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06-06-2023/PRND/LSMITH 4 2023-?
The foregoing resolution was introduced at a regular meeting of the Council of the City of Modesto held on the 6th day of June, 2023, by Councilmember ?, who moved its adoption, which motion being duly seconded by Councilmember ?, was upon roll call carried and the resolution adopted by the following vote:
AYES: Councilmembers:
NOES: Councilmembers:
ABSENT: Councilmembers:
ATTEST:
DIANE NAYARES-PEREZ, City Clerk
APPROVED AS TO FORM:
BY: ___________________________
JOSE M. SANCHEZ, City Attorney
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1 Revised: 6/6/2023
POLICY:
It is the policy of the City of Modesto to sponsor special events that provide a community or economic benefit to the City. Sponsorship is provided through either in-kind services, waiver of fees, and direct financial support.
PURPOSE AND SCOPE:
Each year, the City sponsors several community and special events through in-kind or direct contributions (Attachment A). In recognition that City resources are limited, and to ensure this type of support is allocated in a fair and fiscally responsible manner, the following guidelines and procedures are set forth for the application of new one-time City sponsorships.
Sponsorship Criteria:
1. The event must have a cultural, social, educational, economic, or recreational benefit to the community.
2. The event cannot be religious or political in nature or seek to support or oppose any religious or political viewpoint.
3. The event must be held at a City owned facility, property, or on a City street(s).
Definitions:
Sponsorship:
City sponsorship of a community or special event, through in-kind or direct contributions. In return, the City receives named recognition, acknowledgement, and inclusion in special event promotional materials, programming, and day-of event proceedings.
Community or Special Event:
Any organized community or special event benefitting the community-at-large, occurring in/on City-owned property or street(s), and where the City is not the primary organizer.
In-Kind Support:
City waiver of facility rentals, public safety/security fees, staffing, and use of City-owned equipment for a community or special event.
Direct Contributions:
Direct City financial assistance paid to solidify sponsorship of a community or special event.
Procedures:
Request Submittals:
1) Community or Special Organizer shall submit a Community & Special Events Sponsorship Application to the Parks, Recreation and Neighborhoods Department to [email protected] (PRND).
2) PRND shall forward requests to the appropriate City department(s). 3) Department(s) shall conduct an initial review with the Organizer to determine the request meets the sponsorship criteria.
4) Department shall notify applicant of approval or disapproval of sponsorship. 5) Department tracks all requests and awarded sponsorships.
CITY OF MODESTO
ADMINISTRATIVE
DIRECTIVE
Original Effective Date: 1/14/2022
Latest Revision Date: 6/7/2023
Policy Number: 3.6
Approved By: ______________________
City Manager
Subject: COMMUNITY & SPECIAL EVENT SPONSORSHIPS
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Exhibit “A”
City of Modesto
Approved Annual* In-Kind & Direct Financial Contribution Sponsorships 2 Request Approvals:
1) Requests for In-kind sponsorship shall be approved or denied at the discretion of the responsible department director or their designee.
2) Requests below $500.00 in direct monetary contribution shall be approved or denied at the discretion of the responsible Department Director or designee. 3) Requests exceeding $500.00 in direct monetary contributions shall be scheduled for City Council for approval providing the request
Is received 120 days prior to the date of event.
Includes a detailed description of the proposed event. Includes a summary event history and the organization hosting the event. Verifies for profit or non-profit status.
Includes a detailed breakdown of the requested support and proposed event budget:
o In-Kind
o Direct Contribution
o Requesting organization leveraged funds
o Projected revenue or fundraising by the event
Pending Council approval, direct monetary contributions shall be disbursed in accordance with the City’s Purchasing directives.
#17..
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Exhibit “A”
City of Modesto
Approved Annual* In-Kind & Direct Financial Contribution Sponsorships 3 IN-KIND SPONSORSHIPS
Event/Organization Sponsoring
Department
Description
American Graffiti Festival Parade/Cruise - North
Modesto Kiwanis
MPD
PW
PW
Staffing; MPD Services / Application
Fees, Street Services
Equipment; Service Fees
Annual MLK Basketball Tour - Hot Wheels
Foundation
PRND Park Rental
Annual MLK Unity March - Silver Squares Lodge
#66
PRND
MPD
MFD
Park/Trail Rental
MPD Staff/Application Fees
Tent/Propane Fees/Inspections
Asian Youth & Family Cultural Fair Day -Stanislaus
Asian American Community Resources
PRND
MPD
Park Rental
MPD Application Fees
CDA Cares Modesto - California Dental Association PW Parking (MCP) Cinco de Mayo Parade - South Modesto United
Business
MPD MPD Application Fees, Staff & Service
Fees
Concerts in the Park (6) - MoBand MPD
PRND
Park/Bowl Rental / Staff Services
MPD Application Fees
Dia de Los Muertos - Veterans in Community
Advocacy
TSP JPA
MPD
Plaza & Equipment Rental
MPD Application Fees
Gala at Graceada -CANA PRND
MPD
Park and Equipment Rental
MPD Application Fees
Graffiti Park & Shine - Mid Valley Chevy Club) PW
MPD
Parking
MPD Application Fees
Haunted Mansion - Stanislaus Boys & Girls Clubs PRND Museum Rental July 4th Parade, Park Picnic, & Festival - North
Modesto Kiwanis Club
TSP JPA
PW
MPD
PRND
Plaza Rental
Street Services
Outside Services/Application Fees
Park Rental; Equipment; Staffing
Legends of the Cruise Walk of Fame – Modesto
USA
TSP JPA
PW
MPD
Plaza Rental
Equipment; Service Fee
MPD Application Fees
Love Modesto PW Parking
Modesto Peace Officers Association Memorial Run -
MPOA
PW
MPD
PRND
Service Fees
MPD Application Fees
Park Rental
Modesto Sister Cities PRND Facility Rental
Music in the Plaza (21 Fridays) - JPA TSP JPA
MPD
PRND
Plaza Rental; Equipment Rental
MPD Application Fees
Equipment Rental
Rec Fest – Spring & Fall - Tuolumne River Trust PRND Park and Equipment Rental Rockin’ Holidays TSP JPA
PW
PRND
Plaza and Equipment Rental
Parking
Equipment Rental
Shadow Chase Memorial Classic - Shadow Chase
Running Club
PRND
MPD
Park Rental
MPD Application Fees
Star Wars Days - ModestoView TSP JPA
MPD
Plaza and Equipment Rental
MPD Application Fees
Veteran’s Day Parade MPD
MFD
PW
PRND
Staffing / Application Fees
MFD Application Fees
Service Fees
Mancini Bowl Rental
Youth Sports Organizations PRND Facility Rental
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Exhibit “A”
City of Modesto
Approved Annual* In-Kind & Direct Financial Contribution Sponsorships 4 Direct Financial Contributions
Organization Sponsoring
Department
Direct Contribution
King Kennedy Board of Directors PRND $6,000
MLK Peace Life PRND $3,500
Stanislaus Partners in Education CMO
MPD
$2,500
$150
Downtown Modesto Partnership – DOMO First
Fridays
PRN $250
Downtown Modesto Partnership – DOMO Walls PRND $2,500
Dia de Las Muertos PRND $2,500
NAACP – Stanislaus Branch PRND $5,000
Hot Wheels Foundation PRND $500
West Modesto Community Collaborative PRND $5,000
*Fiscal Year
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Exhibit “A”
City of Modesto
Approved Annual* In-Kind & Direct Financial Contribution Sponsorships City of Modesto / Parks, Recreation & Neighborhoods Department 1010 Tenth Street, Suite 4400, Modesto, CA 95354
(209) 577-5344
COMMUNITY & SPECIAL EVENTS
SPONSORSHIP APPLICATION
Event Qualifications:
4. The event must have a cultural, social, educational, economic, or recreational benefit to the community.
5. The event cannot be religious or political in nature or seek to support or oppose any religious or political viewpoint.
6. The event must be held at a City owned facility, property, or on a City street(s).
Applicant:
Name:
Mailing Address:
Phone:
Mobile
Email:
Hosting Organization:
Name:
Status: For-Profit Non-Profit Other
Mailing Address:
Phone:
Mobile
Email:
Community/Special Event:
Name:
Date(s):
Location:
Set Up Date/Time:
Tear Down Date/Time:
Event Hours
Event Description:
Request for IN-KIND Sponsorship:
#17..
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Exhibit “A”
City of Modesto
Approved Annual* In-Kind & Direct Financial Contribution Sponsorships City of Modesto / Parks, Recreation & Neighborhoods Department 1010 Tenth Street, Suite 4400, Modesto, CA 95354
(209) 577-5344
Provide a list and description of all IN-KIND sponsorship requests for the event. _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Requested Fee/Service Waivers (check all that apply)
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Exhibit “A”
City of Modesto
Approved Annual* In-Kind & Direct Financial Contribution Sponsorships City of Modesto / Parks, Recreation & Neighborhoods Department 1010 Tenth Street, Suite 4400, Modesto, CA 95354
(209) 577-5344
Parks, Recreation & Neighborhoods:
Rental Fee
Rental Deposit
Equipment Rental/Services
Park Operation Services & Equipment
Staffing Services
Permit to Sell Refreshments Adjacent to Park
Other _______________________________
Modesto Police Department:
Sound Amplification Permit
Street Closure Permit
Parade Permit
Staffing Services
Equipment Services
Other _______________________________
Modesto Fire Department
Tent Permit Application
Food Vendor (Propane) Application
Food Vendor Inspection
Staffing Services
Equipment Services
Other _______________________________
Public Works
Staffing – Street Cleaning
Recycling Program Support
Parking Fees
Other _______________________________
Joint Powers Authority
Tenth Street Place (TSP)Plaza Rental
TSP Equipment & Services
Other _______________________________
For Office Use Only:
_______________________________________
_______________________________________
_______________________________________
_______________________________________
_______________________________________
_______________________________________
_______________________________________
_______________________________________
_______________________________________
_______________________________________
_______________________________________
_______________________________________
_______________________________________
_______________________________________
_______________________________________
_______________________________________
_______________________________________
_______________________________________
_______________________________________
_______________________________________
_______________________________________
_______________________________________
_______________________________________
_______________________________________
_______________________________________
_______________________________________
_______________________________________
_______________________________________
_______________________________________
_______________________________________
_______________________________________
TOTAL: _________________________________
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Exhibit “A”
City of Modesto
Approved Annual* In-Kind & Direct Financial Contribution Sponsorships City of Modesto / Parks, Recreation & Neighborhoods Department 1010 Tenth Street, Suite 4400, Modesto, CA 95354
(209) 577-5344
Request for MONETARY Sponsorship:
_______________________________ Requested Amount
_______________________________ % of Overall Event Budget _______________________________ Projected Revenue and/or Fundraising Goal Justification/Use of Sponsorship Funds:
_____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Monetary requests exceeding $500.00 shall be scheduled for City Council approval providing:
1) Request is received 120 days prior to the date of the event. 2) Includes a detailed description of the proposed event, including its benefit to the community. 3) Includes a summary of any event history and history of the organization hosting the event. 4) Includes projected revenue or fundraising goals of the proposed event.
Applicant Acknowledgement:
_______________________________________________ ________________________________ Signature Date
Applications may be submitted:
In Person: By Mail:
City of Modesto City of Modesto
Parks, Recreation & Neighborhoods Parks, Recreation & Neighborhoods 1010 Tenth Street, Suite 4400 P.O. Box 642
Modesto, CA 95354 Modesto, CA 95353
Via Email: Via Facsimile:
[email protected] (209) 342-4705
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Exhibit “A”
City of Modesto
Approved Annual* In-Kind & Direct Financial Contribution Sponsorships City of Modesto / Parks, Recreation & Neighborhoods Department 1010 Tenth Street, Suite 4400, Modesto, CA 95354
(209) 577-5344
Additional Information – For all monetary requests exceeding $500.00.
Detailed Description of Event.
_____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Event & Organization History:
_____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ Community Benefit:
_____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ _____________________________________________________________________________________ #17..
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Exhibit “A”
City of Modesto
Approved Annual* In-Kind & Direct Financial Contribution Sponsorships 3 IN-KIND SPONSORSHIPS
Event/Organization Sponsoring
Department
Description
American Graffiti Festival Parade/Cruise - North
Modesto Kiwanis
MPD
PW
PW
Staffing; MPD Services / Application
Fees, Street Services
Equipment; Service Fees
Annual MLK Basketball Tour - Hot Wheels
Foundation
PRND Park Rental
Annual MLK Unity March - Silver Squares Lodge
#66
PRND
MPD
MFD
Park/Trail Rental
MPD Staff/Application Fees
Tent/Propane Fees/Inspections
Asian Youth & Family Cultural Fair Day -Stanislaus
Asian American Community Resources
PRND
MPD
Park Rental
MPD Application Fees
CDA Cares Modesto - California Dental Association PW Parking (MCP) Cinco de Mayo Parade - South Modesto United
Business
MPD MPD Application Fees, Staff & Service
Fees
Concerts in the Park (6) - MoBand MPD
PRND
Park/Bowl Rental / Staff Services
MPD Application Fees
Dia de Los Muertos - Veterans in Community
Advocacy
TSP JPA
MPD
Plaza & Equipment Rental
MPD Application Fees
Gala at Graceada -CANA PRND
MPD
Park and Equipment Rental
MPD Application Fees
Graffiti Park & Shine - Mid Valley Chevy Club) PW
MPD
Parking
MPD Application Fees
Haunted Mansion - Stanislaus Boys & Girls Clubs PRND Museum Rental July 4th Parade, Park Picnic, & Festival - North
Modesto Kiwanis Club
TSP JPA
PW
MPD
PRND
Plaza Rental
Street Services
Outside Services/Application Fees
Park Rental; Equipment; Staffing
Legends of the Cruise Walk of Fame – Modesto
USA
TSP JPA
PW
MPD
Plaza Rental
Equipment; Service Fee
MPD Application Fees
Love Modesto PW Parking
Modesto Peace Officers Association Memorial Run -
MPOA
PW
MPD
PRND
Service Fees
MPD Application Fees
Park Rental
Modesto Sister Cities PRND Facility Rental
Music in the Plaza (21 Fridays) - JPA TSP JPA
MPD
PRND
Plaza Rental; Equipment Rental
MPD Application Fees
Equipment Rental
Rec Fest – Spring & Fall - Tuolumne River Trust PRND Park and Equipment Rental Rockin’ Holidays TSP JPA
PW
PRND
Plaza and Equipment Rental
Parking
Equipment Rental
Shadow Chase Memorial Classic - Shadow Chase
Running Club
PRND
MPD
Park Rental
MPD Application Fees
Star Wars Days - ModestoView TSP JPA
MPD
Plaza and Equipment Rental
MPD Application Fees
Veteran’s Day Parade MPD
MFD
PW
PRND
Staffing / Application Fees
MFD Application Fees
Service Fees
Mancini Bowl Rental
Youth Sports Organizations PRND Facility Rental
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Exhibit “A”
City of Modesto
Approved Annual* In-Kind & Direct Financial Contribution Sponsorships 4 Direct Financial Contributions
Organization Sponsoring
Department
Direct Contribution
King Kennedy Board of Directors PRND $6,000
MLK Peace Life PRND $3,500
Stanislaus Partners in Education CMO
MPD
$2,500
$150
Downtown Modesto Partnership – DOMO First
Fridays
PRN $250
Downtown Modesto Partnership – DOMO Walls PRND $2,500
Dia de Las Muertos PRND $2,500
NAACP – Stanislaus Branch PRND $5,000
Hot Wheels Foundation PRND $500
West Modesto Community Collaborative PRND $5,000
*Fiscal Year
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CITY OF MODESTO
COUNCIL AGENDA REPORT
DATE OF MEETING:
June 6, 2023
Date: May 15, 2023
TO: Mayor and City Council
THROUGH: Joseph P. Lopez, City Manager
FROM: Laurie A. Smith, Director of Parks, Recreation and Neighborhoods SUBJECT: First Amendment to Lease Agreement with First Tee CONTACT: Laurie A. Smith, Director of Parks, Recreation and Neighborhoods, [email protected], 209-577-5347
DESCRIPTION:
Consider approving a First Amendment to the Lease Agreement with Del Rio CC Foundation, of Modesto, CA, for lease of property located on Roselawn Avenue (APNs 037-036-007 and 037- 051-001) for operation of First Tee Youth Programming. (Funding Source: Not Applicable) STRATEGIC PLAN ELEMENT:
This item supports the City of Modesto’s 2020-2025 Strategic Plan to promote trust and engagement through collaborating with community and civic organizations.
BACKGROUND:
Del Rio CC Foundation, also known as First Tee – Central Valley (First Tee) is a youth development organization that enables kids to build strength of character by integrating the game of golf with a life skills curriculum designed to build inner strength, self-confidence, and resilience that kids can carry to everything they do. From 2003 through March 13, 2020, First Tee ran its programming at the City’s Muni Golf Course (Muni). In early 2020, by Resolution No. 2020-025, Council approved closing Muni and relocating First Tee to Dryden Golf Course (Dryden) prior to the end of the year. In March 2020, due to the pandemic, Muni was closed and not reopened. Later that year, First Tee began operating its programming at Dryden.
Similarly, the Boys and Girls Clubs of Stanislaus County’s mission is to impact the lives of young people by providing educational programs that enable young people to reach their full potential as productive, caring, and responsible adults. On January 26, 2016, the Boys and Girls Clubs of Stanislaus County (BG Clubs) entered into a Grant Agreement with the City for the provision of Community Development Block Grant funds to help finance the purchase and installation of a 3,600 sq. ft. custom modular building to house the West Modesto Boys and Girls Clubs. Council, by Resolution No. 2016-19, entered into a five-year lease with the Club to locate the modular in Martin Luther King Jr. Park (formerly Mellis Park). Although the lease #18..
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City Council, June 6, 2023
First Amendment to Lease Agreement with First Tee
expired on December 31, 2020, the City allowed BG Clubs to keep the modular onsite while it worked with the City on relocating it to a new location.
In June 2020, the City identified two parcels (APNS 037-036-007 and 037-051-001) of Cityowned real property located adjacent to Dryden which could be developed for youth programming (Site). With BG Club’s lease ending and the early closure of Muni, an alliance to offer youth programming on the proposed site appeared to be a viable option. Both organizations and City staff met over two years and collectively agreed on a Memorandum of Understanding between both agencies, a phased development plan for the site, and secured $513,964 in Community Development Block Grant funds to complete Phase I of the development plan – relocation and installation of a modular building to the Roselawn site, grading, drainage, pedestrian access, utility connections and landscaping.
On May 3, 2023, by Resolution No. 2022-209, Council approved independent lease agreements with each organization. The general terms and conditions of the Lease Agreements for both organizations are summarized as follows:
Term: Ten Years (May 3, 2022 through May 2, 2032) with two (2) ten-year options to extend (upon mutual agreement between all parties). Site/Leased Premises:
o APN 037-036-007
o APN 037-051-001
o Access to APN 037-036-003 – for use of Dryden Golf Course parking lot. Rent: $1.00/year.
Tenant Responsibilities: business licenses, insurance, site repairs, maintenance, security, payment of utilities, taxes, and applicable applications and permits. Development, Improvements, Alterations, & Additions:
o Plans shall be submitted to City for review and approval o Shall be funded by both organizations and their partners o Shall become the property of the City upon expiration or early termination thereof
DISCUSSION:
Phase I development, with the exception of landscaping, has been completed. Both organizations have moved their operations to the Roselawn Avenue site and continue their fundraising efforts for Phases II and III.
Phase II (Boys and Girls Clubs) - Installation of a multi-purpose turf sports field, mini basketball court, and playground area.
Phase III (First Tee) - Installation of a putting green, chipping green, sand trap, and a three-hole golf course and practice area.
At this time, First Tee is planning to move forward with Phase III and has met with the City to clarify its rights and obligations related to water use and irrigation on the leased premises. With that, First Tee and the City have agreed to amend the lease agreement to specify First Tee’s responsibilities. First, the amendment affirms the partners are collectively responsible for maintaining landscaping on the leased premises. Secondly, First Tee will be permitted to connect to the City’s well for irrigation of its landscaping and the greens. Before any watering, First Tee is required to install an isolation valve from the Dryden’s system, submit an irrigation plan, and provide a watering schedule which is compatible with the Dryden schedule. #18..
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City Council, June 6, 2023
First Amendment to Lease Agreement with First Tee
Any and all costs associated with the work and labor associated with the water well tie-in shall be borne by First Tee.
The City may install a mechanical flow meter to monitor water usage of the well water. Any demands for additional water by First Tee will require written approval from the City. Should there be an adverse effect on Dryden’s course irrigation system or if the City is prohibited or restricted from using water for any reason due to government restrictions, the City has the right to immediately discontinue the provision of well water. Adverse effects include such things as the declaration of drought conditions, malfunction to any well booster pump or pressure tank, vandalism, floods, earthquakes, fires, casualties, or acts of God.
FISCAL IMPACT:
There is no fiscal impact.
COMMITTEE RECOMMENDATION:
This agenda item was previously heard by the Safety & Communities Committee on May 8, 2023 which unanimously approved it be forwarded to Council for approval.
RECOMMENDED COUNCIL ACTION:
Staff Recommendations:
Resolution approving a First Amendment to the Lease Agreement with Del Rio CC Foundation, of Modesto, CA, for lease of property located on Roselawn Avenue (APNs 037-036-007 and 037-051-001) for operation of First Tee Youth Programming and authorizing the City Manager or his designee to execute the Amendment.
Approved by:
Laurie A. Smith, Director
Parks, Recreation & Neighborhoods Department
Joseph P. Lopez, City Manager
Attachments:
1. Resolution
2. First Amendment to Lease Agreement
3. Lease Agreement
4. Site Map
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06-06-2023/PRND/LSMITH 1 2023-?
MODESTO CITY COUNCIL
RESOLUTION NO. 2023-?
RESOLUTION APPROVING A FIRST AMENDMENT TO THE LEASE
AGREEMENTS WITH DEL RIO CC FOUNDATION (FIRST TEE – CENTRAL
VALLEY) FOR LEASE OF PROPERTY LOCATED ON ROSELAWN AVENUE (APNS 037-036-007 AND 037-051-001) FOR OPERATION OF FIRST TEE
YOUTH PROGRAMMING AND AUTHORIZING THE CITY MANAGER OR
HIS DESIGNEE TO EXECUTE THE AMENDMENT
WHEREAS, the City owns real property, APN 037-036-007 and APN 037-051- 001 on Roselawn Avenue adjacent to the Dryden Golf Course (Dryden), and WHEREAS, the City worked with the Boys and Girls Clubs of Stanislaus County (BG Club) and Del Rio CC Foundation, also known as First Tee – Central Valley (First Tee) to relocate both organization’s youth programming operations to the real property site (Property); and
WHEREAS, both organizations share a mission to impact the lives of young people by providing educational programs that enable young people to reach their full potential as productive, caring and responsible adults; and WHEREAS, on January 27, 2022, both organizations entered into a Memorandum of Understanding to form a partnership to relocate operations to the Property; and WHEREAS, both organizations worked with the City on a three-phased development plan for the site:
Phase I Relocation of BG Clubs’ modular building to the site, grading, drainage, pedestrian access, utility connections and landscaping.
Phase II BG Clubs’ installation of a multi-purpose turf sports field, mini basketball court, and playground area.
Phase II First Tee’s installation of a putting green, chipping green, sand trap, and three-hole golf course and practice area.
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06-06-2023/PRND/LSMITH 2 2023-?
WHEREAS, by Resolution No. 2022-209, Council approved independent tenyear lease agreements with each organization (“Lease Agreement”); and WHEREAS, First Tee is moving forward with Phase III and desires to amend the Lease Agreement to clarify its rights and obligations related to water use and irrigation on the lease premises; and
WHEREAS, the Lease Agreement shall be amended to:
1) Permit First Tee to connect to the City’s well for irrigation of its landscaping and the greens; and
2) Require First Tee to install and isolation valve from the Dryden Golf Course system, submit an irrigation plan to the City for approval, and provide a water schedule compatible with the Dryden Golf Course System prior to any watering.
WHEREAS, First Tee shall be responsible for any and all work and labor costs associate with the water connection and well tie-in.
NOW, THEREFORE, BE IT RESOLVED by the Council of the City of Modesto that it hereby approves the First Amendment to the Lease Agreement with Del Rio CC Foundation, for operation of First Tee youth programming at APN 037-036-007 and 037- 051-001.
BE IT FURTHER RESOLVED that the City Manager, or his designee, is authorized to execute the First Amendment to the Lease Agreement, approved as to form by the City Attorney.
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06-06-2023/PRND/LSMITH 3 2023-?
The foregoing resolution was introduced at a regular meeting of the Council of the City of Modesto held on the 6th day of June, 2023, by Councilmember ?, who moved its adoption, which motion being duly seconded by Councilmember ?, was upon roll call carried and the resolution adopted by the following vote:
AYES: Councilmembers:
NOES: Councilmembers:
ABSENT: Councilmembers:
ATTEST:
DIANE NAYARES-PEREZ, City Clerk
APPROVED AS TO FORM:
BY: ___________________________
JOSE M. SANCHEZ, City Attorney
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1 FIRST AMENDMENT TO LEASE AGREEMENT
This First Amendment to Lease Agreement (“First Amendment”), made and entered into in the City of Modesto, State of California, this ______ day of _____________, 2023 (“Effective Date”), by and between the City of Modesto, a municipal corporation of the State of California, hereinafter called “the City,” and Del Rio CC Foundation, a California non-profit corporation, hereinafter called “the Club,” for the lease of real property located on 920 Roselawn Avenue, Modesto, CA (APN’S 037-036-007 and 037-051-001), herein referred to as “Leased Premises.” R E C I T A L S :
WHEREAS, the City owns real property located on Roselawn Avenue, known as APN 037-036-007 and APN 037-051-001; and
WHEREAS, the City desires the Club to continue to provide innovative and quality programs to serve the youth community in and around Stanislaus County; and WHEREAS, the Club and the Boys & Girls Clubs of Stanislaus County (“BGCSTAN”) have entered into a Memorandum of Understanding on January 27, 2022, forming a partnership to collectively move a portion of their operations to the Leased Premises; and WHEREAS, by Resolution 2022-209, the Council approved the Club and BGCSTAN to enter into independent agreements with the City for lease and use of the real property dated May 3, 2022 (“Agreement”); and
WHEREAS, the City would like to amend the Agreement to clarify various rights and obligations of the Club and the City related to water use and irrigation on the Leased Premises. #18..
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2 NOW, THEREFORE, the Parties hereto mutually agree as follows:
1. Section 17 of the Agreement is amended in its entirety to read as follows:
“ Club Obligations.
a. BGCSTAN agrees it will not assign, sell, mortgage, or sublet the modular building located on the Leased Premises except to the Club. b. Upon expiration or termination of the Agreement, whichever comes first, the Club shall have the option to remove all fixtures installed or erected by the Club on the Leased Premises. In the event that Club chooses to exercise the option to remove such fixtures, the Club shall, at its sole cost and expense, restore the area of the Leased Premises on which the fixtures are removed to the satisfaction of the City. c. Partners are responsible for maintaining landscaping on the Leased Premises in the same or better condition as of the Effective Date of this Agreement. d. Prior to applying water to the putting green addition, the Club shall submit a watering schedule to the City’s golf course superintendent at Dryden Golf Course.
No watering shall occur until such schedule is approved by the City’s golf course maintainer.
e. Prior to applying any water for irrigation, the Club must submit an irrigation plan for the well water tie-in to the City for approval. No irrigation may occur until Club receives written approval of the irrigation plan from the City. f. The connection point utilized for irrigation of the putting green addition shall be limited to the six (6) inch water well line shown in more detail in Attachment A and incorporated herein. The City, at its option, may install a mechanical flow #18..
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3 meter to monitor water usage of the well water. No additional water demand shall be used unless the Club obtains written approval from the City. g. Use of well water shall be limited to irrigation. Well water is prohibited for potable use.
h. The Club shall install an isolation valve at the connection point that results in isolation of the Dryden Golf Course irrigation system from the Club’s irrigation system.
i. Any and all costs associated with the work and labor described in this Section 17, including but not limited to, trenching, piping, equipment, labor, and costs to obtain and maintain permits, except related to the mechanical flow meter, shall be borne by the Club and not of the City.
j. The City shall have to right to immediately discontinue provision of well water or prohibit the use of well water from Dryden Golf Course if, at any time, in the sole discretion of the City, it is determined that there is an adverse effect on the Dryden Golf Course irrigation system or if the City is prohibited or restricted from using water for any reason due to any governmental restrictions. For purposes of this section, an “adverse effect” shall include, but not be limited to, the declaration of drought conditions, malfunction to any well booster pump or pressure tank, vandalism, floods, earthquakes, fires, casualties, or acts of god.”
2. All other Terms and Conditions of the original Lease Agreement shall remain the same and in full force and effect.
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4 IN WITNESS WHEREOF, the CITY OF MODESTO, a municipal corporation, has caused this Lease Agreement to be executed in duplicate by its City Manager and attested by its City Clerk, under authority of Resolution No. 2023-____ adopted by the Council of the City of Modesto on the ____ day of _______________, 2023, and Del Rio CC Foundation has caused this Lease Agreement to be duly executed in duplicate as of the Effective Date. (SIGNATURES ON NEXT PAGE)
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1 LEASE AGREEMENT
This Agreement (“Agreement”), is made and entered into on this _________ day of _____2022 (“Effective Date”), between the City of Modesto (“City”) and Del Rio CC Foundation, a California non-profit corporation (“Club”) herein collectively referred to as “Parties”, for the lease of real property on Roselawn Avenue (APNS 037-036-007 and 037-051- 001), herein referred to as “Leased Premises”.
RECITALS
This Agreement is made with regard to the following Recitals:
WHEREAS, the City owns real property located on Roselawn Avenue, and known as APN 037-036-007 and APN 037-051-001; and
WHEREAS, the City desires Club to continue to provide innovative and quality programs to serve the youth community in and around Stanislaus County; and WHEREAS, Club and the Boys & Girls Clubs of Stanislaus County (“BGCSTAN”) have entered into a Memorandum of Understanding on January 27, 2022, forming a partnership to collectively move a portion of their operations to the Leased Premises; and WHEREAS, this Agreement does not affect the obligations and rights of the Club or City pursuant to the Memorandum of Understanding entered into on January 27, 2022, which remains in full force and effect; and
WHEREAS, Club and the BGCSTAN collectively desire to work towards a three-phased development plan, as shown in Exhibit B, on the Leased Premises to include:
Phase 1: The City shall be responsible for all costs and expenses associated with the Installation of BGCSTAN’s modular building, grading, and drainage, pedestrian access, utility connections, and landscaping. BGCSTAN shall be responsible for all costs and expenses associated with the installation and maintenance of: (1) irrigation system; (2) permanent fencing DocuSign Envelope ID: 93105170-B1D3-4354-81B7-EFEBF6E6164B 3rd
May
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2 surrounding the modular building; (3) interior flooring and outside modular building trim; and (4) landscaping in the vicinity of the modular building. BGCSTAN and First Tee shall be responsible for all costs and expenses associated with the design, installation, and maintenance of light poles and security cameras in the vicinity of the modular building.
Phase 2: Installation of a multi-purpose turf sports field, mini basketball court, and playground area by BGCSTAN.
Phase 3: Installation of putting green, chipping green, sand trap and a three-hole golf course and practice area on the property by First Tee as shown in Exhibit B; and
WHERAS, the timing of the completion of each phase will be determined by funding resources; and
WHEREAS, Five Hundred Thirteen Thousand Nine Hundred Sixty-Four Dollars ($513,964) in Community Development Block Grant (CDBG) funds have been awarded to be used in Phase 1; and
WHEREAS, Club and the BGCSTAN shall enter into independent agreements with the City for lease and use of the real property.
NOW, THEREFORE in consideration of this Agreement, and mutual promises, covenants and stipulation hereinafter contained, Club, in full partnership and cooperation with BGCSTAN, hereinafter referred to as “Partners” agrees as follows:
1. Statements True and Correct. Each of the factual statements set forth in the recitals is true and correct in its entirety.
2. Parties.
a. Del Rio CC Foundation (First Tee – Central Valley) (“Club”) is a non-profit public health benefit corporation and is not organized for the private gain of any person. Its DocuSign Envelope ID: 93105170-B1D3-4354-81B7-EFEBF6E6164B #18..
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3 mission is to impact the lives of young people by providing educational programs that build character and instill life-enhancing values through the game of golf. b. City of Modesto – The City of Modesto owns real property located off of Roselawn Avenue adjacent to the Dryden Park Golf Course (APN 037-036-007 and APN 037- 051-001).
The City desires to lease real property to the Club and BGCSTAN, to be used to enhance the learning experience for the youth of Modesto. A pitch and putt golf course and golf practice area for youth shall be developed for this purpose.
3. Term.
a. The term of this Agreement commences on May 3, 2022 and shall remain in full force and effect until May 2, 2032 or until such time as this Agreement is terminated by either Party upon ninety (90) days' advance written notice to the City and its partners.
4. Options to Extend. Upon mutual agreement between the City and Partners, City may extend this Agreement for an additional two (2) ten-year terms.
5. Rent. Club agrees to pay City the amount of One and no 100ths dollar ($1.00) per year as consideration for the mutual covenants, promises, and obligations contained herein.
Payment shall be made on the Effective Date of the Agreement and on February 1st each year thereafter.
6. Site Conditions. Partners accept the Leased Premises, as well as the improvements located on the real property, in the present condition, and stipulate with the City that the Leased Premises and improvements are in a good, clean, and safe condition as of the Effective Date of this Agreement. Club acknowledges that neither City nor Club’s agent has made any representation or warranty as to the present or future sustainability of the Leased Premises for the conduct of the Club’s business.
7. Hazardous Materials Prohibited.
DocuSign Envelope ID: 93105170-B1D3-4354-81B7-EFEBF6E6164B #18..
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4 a. Partners shall use the Leased Premises exclusively for the purposes stated in Section 2. Partners covenant that they will not generate, handle, transport, treat, release, use, store, or dispose of on the property “hazardous waste” or “hazardous substances, as “hazardous waste” or “hazardous substances” may now or in the future be defined by any federal, state, or local government body or agency.
Partners further agree periodically to furnish City with proof, satisfactory to City, that Partners are in such compliance.
b. With the exception of minor amounts of Hazardous Materials customarily and lawfully used in conjunction with the purposes stated in Section 1, Partners, their employees, contractors, agents, and any party acting on behalf of Partners, shall not store, uses, treat, generate, or dispose of “Hazardous Material(s)” at the Leased Premises or other property owned by the City. “Hazardous Material(s)” means any substance that, by itself or in combination with other materials, is either (i) generally regarded injurious to public health, safety, or the environment; or (ii) now or in the future regulated by any federal, state, or local governmental authority as potentially injurious to public health, safety, or the environment.
Partners, their employees, contractors, agents, and any party acting on behalf of the Partners shall comply, and shall keep the Lease Premises in compliance, with all laws and regulations relating to Hazardous Materials (“Environmental Laws”). c. Partners shall promptly provide City with copies of any document, correspondence, report or communication, written or oral, relating to Hazardous Materials at or affecting the Leased Premises to or from any regulatory body, or stating a basis for potential liability or responsibility of the Partners, City, or the Leased Premises; including all such documents, correspondence, reports or communications prepared by or on behalf of the Partners. In addition to the above, at City’s request, Partners shall provide copies of any and all records and communications.
d. Partners shall immediately notify City in the event of a suspected or confirmed release of a Hazardous Material or violation of Environmental Laws at or affecting the Leased Premises or other property owned by City and caused by or related to the operations of the Partners, their employees, contractors, agents, or DocuSign Envelope ID: 93105170-B1D3-4354-81B7-EFEBF6E6164B #18..
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5 any party acting on behalf of the Partners, at the City’s satisfaction or reimburse City’s cost of remediation (including reasonable attorneys’ and consultants’ fees); and compensate City and/or third parties for all resultant damage. e. Partners shall permit city reasonable access to the Leased Premises for the purpose of conducting an environmental audit or testing, the cost of which shall be borne by the City unless the results indicate activity prohibited by Environmental Laws or hereunder.
f. Upon expiration or other termination of this Agreement, Partners shall remove all Hazardous Materials from the Leased Premises caused by the acts of omission of the Partners, its officers, agents, contractors, employees, or invitees, and at City’s option cause to be performed and provided to City an environmental audit of the Leased Premises, using a consultant reasonably acceptable to City, and correct at its expense, any deficiencies noted by the audit.
g. The obligations regarding Hazardous Materials shall survive the termination of this Agreement.
8. Maintenance and Repairs. The Leased Premises is leased to the Partners in an “as is” condition and all costs for adapting such facilities to the Club’s and BGCSTAN’s business purposes shall be borne by the Partners. Partners shall:
a. At no cost to the City, make ordinary repairs to the Leased Premises necessary to keep said Leased Premises in a tenantable condition. Such repairs shall be made promptly in a good and workmanlike manner, in compliance with all applicable laws of governmental authorities, and in a style and character conforming to the existing and new construction.
b. Report to City, in a timely manner, all damage, breakage, and notice of repairs to be made.
c. At no cost to the City, maintain the Leased Premises in a safe, clean, and sanitary manner, including the modular buildings, any ancillary buildings, and landscaping, and to keep the entire property reasonably free from noxious weeds and grasses. d. At no cost to the City, upon expiration of this Agreement, leave the Leased Premises in good order, condition, and repair, reasonable and ordinary wear, tear and damages by the elements or circumstances over which neither Partner has no control excepted.
DocuSign Envelope ID: 93105170-B1D3-4354-81B7-EFEBF6E6164B #18..
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6 e. Acknowledge that Partners have conducted a full inspection of the Leased Premises and are therefore reasonably and actually aware of its condition and state of repair.
f. Acknowledge that the City is allowing use of the premises on an "as is with all faults" basis and that neither Partner is relying on any representations or warranties of any kind whatsoever, expressed or implied, from City as to any matters concerning the premises, including without limitation the compliance of the Leased Premises or its operation with any applicable codes, laws, regulations, statutes, ordinances, covenants, conditions and restrictions of any governmental or quasi-governmental entity or of any other person or entity. g. Acknowledges that the City is not providing any security for the Leased Premises, and it is the Partners’ responsibility to provide any security and maintain any fencing at the Leased Premises.
9. Developments, Improvements, Alterations, and Additions. a. Partners shall submit preliminary plans for any Phase II and III development, alternation, addition, or other improvement on or to the Leased Premises, to the City for review and approval in the form of a “Notice to Proceed”. If the City fails to affirmatively approve or disapprove the proposed Phase II and III development, alteration, addition, or other improvement on or to the Leased Premises shall be deemed disapproved.
b. For any Phase II and III development, alteration, addition, or other improvement on or to the Lease Premises, Partners shall obtain all necessary governmental permits and compliance with all applicable governmental laws, regulations, ordinances, and codes. c. Partners and the City will undertake the development of Phase I as described in Exhibit B.
d. City and Partners acknowledge the ownership of the modular building identified in Phase I is, and shall remain, the sole property of BGCSTAN. e. Except as otherwise provided in Section 17 of this Agreement, all improvements, infrastructure, and fixtures attached to the real property shall become the property of the City upon expiration or early termination of this Agreement.
DocuSign Envelope ID: 93105170-B1D3-4354-81B7-EFEBF6E6164B #18..
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7 f. City may consent to any temporary or permanent alteration, addition, or improvement and determine whether such alteration, addition, or improvement is a public work under the City’s charter or municipal code. If such alteration, addition, or improvement is a public work, City may require, as a condition of its consent, that Partners adhere to all applicable bidding procedures relative to the construction and installation of such alteration, addition, or improvement, and ensure that prevailing wage requirements are met.
g. In the event that any temporary or permanent alteration, addition, or improvement is made by Partners in accordance with the provisions herein, Partners shall provide such faithful performance bonds, payment bonds and labor bonds as City may reasonably demand. The terms and provisions of the construction contract to accomplish any such action shall be subject to prior approval by the City.
10. Utilities. Partners agree to pay all utility bills, including, but not limited to, all bills for water, sewer, storm, and garbage and to pay same promptly when due, holding City harmless therefrom. Notwithstanding the previous sentence, Partners shall not be responsible for payment for use of well water used exclusively for irrigation purposes on the Leased Premises.
11. Taxes. Partners shall pay any real property taxes, taxes, assessments or fees assessed against the Leased Premises or any property of with the Partners are a part of at any time where such taxes result from the modular building that the Partners are obligated to pay.
12. Assignment. Neither this Agreement, nor any portion thereof, shall be subcontracted or assigned without the written consent of the City in each and every instance.
13. Parking. Partners and their participants shall have access to and use of the Dryden Golf Course parking lot located at 920 Sunset Avenue, Modesto, CA 95354.
14. Naming Rights. All naming rights and advertising done on the Leased Premises must be approved in writing by the City.
DocuSign Envelope ID: 93105170-B1D3-4354-81B7-EFEBF6E6164B #18..
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8 15. Employees. No relationship of employer and employee is created by this Agreement.
City is not the agent, employee or employer of the Club in any capacity whatsoever and the Club is not the agent, employee or employer of City in any capacity whatsoever.
Neither Club nor any of its employees, contractors or agents, shall by virtue of this Agreement or by the performance of actions pursuant to this Agreement be an employee of City for any purpose whatsoever nor shall it or they be entitled to any of the rights, privileges, or benefits of Cityemployees.
16. Entry.
a. Club shall have full and unimpaired access to the Leased Premises at all time during the term of this Agreement.
b. The City, or its duly authorized representatives or agents, may upon giving Club forty-eight (48) hours written notice, enter upon the Leased Premises during the term of this Agreement for the purpose of determining whether Club is complying with the terms and conditions hereof, or for any other purpose incidental to the rights of the City, except in the case of responding to an emergency, in which no notice shall be required.
17. Club Obligations.
a. Upon expiration or termination of the Agreement, whichever comes first, Club shall have the option to remove all fixtures installed or erected by the Club on the Leased Premises. In the event that Club chooses to exercise the option to remove such fixtures, Club shall, at its sole cost and expense, restore the area of the Leased Premises on which the fixtures are removed to the satisfaction of the City. b. Partners are responsible for maintaining landscaping on the Leased Premises in the same or better condition as of the Effective Date of this Agreement.
18. Compliance with Laws. Club, at its sole cost and expense, shall comply with all applicable local, state and federal laws pertaining to the use, operation and management of the Leased Premises, including but not limited to, laws relating to Americans with DocuSign Envelope ID: 93105170-B1D3-4354-81B7-EFEBF6E6164B #18..
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9 Disabilities Act. Club shall not itself use the Leased Premises for any unlawful purpose or perform, permit or suffer any act of omission or commission upon or about the Leased Premises which would result in a nuisance or a violation of law. Club shall use its best efforts to not permit any permittees, Club guests or invitees to use the Leased Premises for any unlawful purpose or perform, permit or suffer any act of omission or commission upon or about the Leased Premises which would result in a nuisance or a violation of law or any environmental contamination.
19. Termination of Agreement by City. City shall have the right to immediately terminate this Agreement, in whole or in part, on the occurrence of any of the following events:
a) Filing by or the final adjudication of Club of any petition in bankruptcy or the making of any transfer of general assignment for the benefit of creditors which has not been previously authorized by the City.
b) The failure of Club in the sole discretion of the City to perform substantially or keep or observe any of the terms, covenants and conditions which it is obligated to perform, keep or observe under this Agreement after the expiration of a thirty (30) day period of warning or ultimatum given in writing by the City to the Club to correct any such deficiency or default.
c) The abandonment of the Leased Premises or any portion thereof of discontinuance of the Club’s presence, or any potion thereof. Should this occur, the City shall not be responsible for the custodial protection of merchandise, fixtures, or equipment abandoned, even though it may be necessary for the City to remove same from the Leased Premises for storage or disposal.
d) The default of the Agreement or any or any portion thereof. Should this occur, the City shall not be responsible for the custodial protection of merchandise, fixtures, or equipment abandoned, even though it may be necessary for the City to remove same from the Leased Premises for storage or disposal.
20. Failure to Vacate Leased Premises. Club agrees to vacate the Leased Premises upon expiration or termination of this Agreement, whichever occurs first. If Club fails to vacate the Leased Premises, as provided herein, Club agrees that City, or its DocuSign Envelope ID: 93105170-B1D3-4354-81B7-EFEBF6E6164B #18..
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10 authorized agents, may enter upon the Leased Premises and remove all personal property therefrom and destroy the same and in this event, Club waives any and all claims for damages against City, its agents or employees. Nothing herein shall be deemed a waiver of any rights of City to demand and obtain possession of Leased Premises in accordance with law in the event of a violation of the Club’s part of any of the terms or conditions hereof.
21. Not a Partnership. It is mutually understood and agreed that nothing in this Agreement is intended or shall be construed as in any away of creating or establishing a partnership between the City and the Club, or as constituting Club as agents or representatives of City for any purpose or in any manner whatsoever.
22. Force Majeure. Neither the City nor the Club shall be liable for any delay or default in the performance of all or any part of this Agreement if such delay or default is caused by conditions beyond its control, including but not limited to, acts of the elements, fires, floods, or other casualties, global pandemics, accidents, strikes, work stoppages and continuing domestic or international problems, such as war, riot, insurrection, revolution, acts of public enemy, sabotage, government instability, or changing government without the benefit of constitution. In such event, the party requesting excuse from performance shall notify the other party within five (5) business days of such an occurrence and the time for performance shall be extended for the length of any such delay.
23.Insurance. Club agrees to provide, at its own expense, and maintain at all times the following insurance with insurance companies licensed in the State of California and shall provide evidence of such insurance to the City as may be required by the Risk Manager of the City of Modesto. The policies or certificates thereof shall provide that, thirty (30) days prior to cancellation or material change in the policy, notices of same shall be given to the Risk Manager of the City of Modesto by certified mail, return receipt requested, for all of the following stated insurance policies. Club shall provide the City with separate endorsements evidencing proof of the City's additional DocuSign Envelope ID: 93105170-B1D3-4354-81B7-EFEBF6E6164B #18..
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11 insured status as to the general liability policy and automobile liability policies. In addition, Club shall provide the City with a Worker's Compensation subrogation waiver by way of a separate endorsement. All endorsements referenced below must include the applicable policy number.
a. General Liability - insurance with a minimum limit of liability per occurrence of $1,000,000 for bodily injury, personal injury and property damage. If Commercial General Liability Insurance or other form with a general aggregate limit is used, either the general aggregate limit shall apply separately to this project/location or the general aggregate limit shall be twice the required limit.
The insurance shall indicate on the certificate of insurance the following coverage and indicate the policy aggregate limit applying to: premises and operations; broad form contractual; independent contractors and subcontractors; products and completed operations as applicable.
b. Automobile Liability- insurance with a minimum limit of liability per occurrence of $1,000,000 for bodily injury and property damage.
c. Workers' Compensation - in compliance with the statutes of the State of California, plus employer's liability with a minimum limit of liability of $1,000,000. This provision shall not apply upon written verification by Club that Club has no employees.
LIST THE FOLLOWING INFORMATION ON THE CERTIFICATE OF INSURANCE IN THE AREA TITLED "DESCRIPTION OF OPERATIONS" AND IN
ENDORSEMENTS.
Description: City of Modesto Lease Agreement – Club (APNs 037-036-007 and 037- 051-001)
Endorsement: "The City of Modesto, its Agents, Officers, Officials, Employees & Volunteers are named as additional insured per the attached endorsement." If at any time any of said policies shall be unsatisfactory to the City, as to form or substance or if a company issuing such policy shall be unsatisfactory to the City, Club shall promptly obtain a new policy, submit the same to Risk Manager for approval and DocuSign Envelope ID: 93105170-B1D3-4354-81B7-EFEBF6E6164B #18..
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12 submit a certificate thereof as hereinabove provided.
Upon failure of Club to furnish, deliver or maintain such insurance and certificates as above provided, this Agreement, at the election of the City, may be forthwith declared suspended, or terminated. Failure of Club to obtain and/or maintain any required insurance shall not relieve Club from any liability under this Agreement, nor shall the insurance requirements be construed to conflict with or otherwise limit the obligations of Club concerning indemnification. The City its agents, officers, officials, employees, and volunteers shall be named as an additional insured on all insurance policies required herein, except Workers' Compensation.
The Workers' Compensation insurer shall agree to waive all rights of subrogation against the City of Modesto, its agents, officers, officials, employees, and volunteers for losses arising from work performed by Club.
21)Indemnification. Club shall hold the City, its agents, officials, officers, employees, and volunteers, harmless from and save, defend and indemnify them against any and all claims, losses, liabilities, judgments or damages from every cause, including but not limited to injury to person or property or wrongful death, including reasonable costs and expenses of defense of any judicial or administrative action, arising directly or indirectly out of any negligent or intentional act or omission of the Club or its agents, officers, employees, or volunteers relating to or during the performance of its obligations under this Agreement, including but not limited to Club's occupation and use of the Leased Premises.
Club's obligation to defend, indemnify, and hold the City, its agents, officers, and by any requirement in this Agreement for Club to procure and maintain a policy of insurance.
The City shall defend, indemnify and hold harmless Club free from any and all claims, losses, liabilities, judgments or damages from every cause, including but not limited to injury to person or property or wrongful death, including reasonable costs and expenses DocuSign Envelope ID: 93105170-B1D3-4354-81B7-EFEBF6E6164B #18..
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13 of defense of any judicial or administrative action, arising directly or indirectly out of any negligent or intentional act or omission arising out of City's performance obligations under this Agreement.
The indemnification obligations provided in this section shall survive the term or termination of this Agreement.
22. City Business License. Club shall have and maintain a City of Modesto business license for the duration of the Term of this Agreement.
23. Non-Discrimination. Club shall not discriminate in any way against any person on the basis of race, sex, color, age, religion, sexual orientation, actual or perceived gender identity, disability, ethnicity, or national origin, in connection with or related to use or occupation of the Leased Premises.
24. Notices. All written notices and communication required to be given under the provisions of this Agreement shall be delivered personally or delivered by deposit in the United States mail, postage prepaid return receipt requested, and addressed as follows:
To City: City of Modesto
P.O. Box 642
Modesto, CA 95354
Attention: Laurie A. Smith, Director of Parks, Recreation and Neighborhoods
To First Tee: First Tee of Central Valley
812 14th Street
Modesto, CA 95354
Attention: President & Chief Executive
25. General Terms.
a. Waiver. Any waiver by City of any obligation or condition in this Agreement must be in writing. No waiver will be implied from any delay or failure by City to take action on any breach or default of Club or to pursue any remedy allowed under this DocuSign Envelope ID: 93105170-B1D3-4354-81B7-EFEBF6E6164B #18..
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14 Agreement or applicable law. Any extension of time granted to Club to perform any obligation under this Agreement shall not operate as a waiver or release from any of its obligations under this Agreement. Consent by City to any act or omission by Club shall not be construed to be a consent to any other or subsequent act or omission or to waive the requirement for City's written consent to future waivers. b. Amendments. This Agreement, including any exhibits hereto, shall not be amended except in writing, signed by the Parties. Any amendment or addendum to this Agreement shall expressly refer to this Agreement.
c. Applicable Law. This Agreement shall be interpreted under and be governed by the laws of the State of California.
d. Severability. Every provision of this Agreement is intended to be severable. If any provision of this Agreement shall be held invalid, illegal, or unenforceable by a court of competent jurisdiction, the validity, legality, and enforceability of the remaining provisions shall not in any way be affected or impaired. e. Attorneys’ Fees. In the event that either party hereto shall commence any legal action or proceeding against the other by reason of the alleged failure of the other to perform any term, covenant, or condition of this Agreement by them to be performed or kept, the party prevailing in said action or proceeding shall be entitled to recover reasonable attorneys' fees to be fixed by the court, and such recovery shall include court costs and attorney’s fees on appeal if any. As used herein, “the party prevailing” means the party in whose favor final judgement is rendered and “legal action or proceeding” included arbitration.
f. Interpretation. This Agreement constitutes a fully-negotiated agreement among commercially sophisticated Parties, each assisted by legal counsel, and the terms of this Agreement shall not be construed or interpreted for or against any Party hereto because the Party or its legal representative drafted or prepared such provision. g. Rights. This Agreement does not create, and shall not be construed to create, any rights enforceable by any person, partnership, corporation, joint venture, limited liability company, or other form of organization or association of any kind that is not a Party to this Agreement.
h. Title of Parts and Sections. Any titles of the sections or subsections of this DocuSign Envelope ID: 93105170-B1D3-4354-81B7-EFEBF6E6164B #18..
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15 Agreement are inserted for convenience of reference only and shall be disregarded in interpreting any part of the Agreement’s provisions.
i. Language Construction. The language of each and all paragraphs, terms and/or provisions of this Agreement, shall, in all cases and for any and all purposes, and in any way and all circumstances whatsoever, be construed as a whole, according to its fair meaning, and not for or against any party hereto and with no regard whatsoever to the identity or status of any person or persons who drafted all or any portion of this Agreement.
j. Discretion of City. City's execution of this Agreement in no way limits the discretion of City in the permit and approval process in connection with any improvements by the Club.
k. Entire Agreement. This Agreement and any exhibits attached hereto constitute the sole and entire Agreement of the parties hereto with respect to the matters herein and correctly sets forth the rights, duties, and obligations of each to the other as of the date first written above. There are no other agreements or understandings, written or oral, between the parties regarding this Agreement other than those set forth herein. All prior or contemporaneous negotiations, agreements, and understandings, oral or written, are revoked, cancelled, and rescinded, and are all merged herein and superseded hereby.
l. Authority of the Parties. Each individual executing this Agreement on behalf of the respective Parties represents and warrants that he/she is duly authorized to execute this Agreement on behalf of the respective Parties.
m. Non-Liability of City Officials, Employees and Agents. No member, official, employee or agent of City shall be personally liable to the Club in the event of any default or breach by City or for any amount which may become due to the Club or its successor or on any obligation under the terms of this Agreement. n. No Third Party Beneficiaries. No person or entity, other than Club shall be deemed to be a third party beneficiary hereof; and nothing in this Agreement (either expressed or implied) is intended to confer upon any person or entity, other than City and Club (and their respective officers, City’s, employees and agents providing services under this Agreement) any rights, remedies, obligations or liabilities or by reason of this DocuSign Envelope ID: 93105170-B1D3-4354-81B7-EFEBF6E6164B #18..
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16 Agreement.
DocuSign Envelope ID: 93105170-B1D3-4354-81B7-EFEBF6E6164B #18..
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17 IN WITNESS WHEREOF, the CITY OF MODESTO, a municipal corporation, has caused this Lease Agreement to be executed in duplicate by its City Manager and attested by its City Clerk, under authority of Resolution No. 2022-____ adopted by the Council of the City of Modesto on the 3 rd day of May, 2022, and Del
Rio CC Foundation has caused this Lease Agreement to be duly executed in duplicate as of the Effective Date. 5092916.1
DocuSign Envelope ID: 93105170-B1D3-4354-81B7-EFEBF6E6164B 209
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CITY OF MODESTO,
a municipal corporation
BY: ____________________________
JOSEPH P. LOPEZ, City Manager
ATTEST:
(Seal)
BY: ____________________________
DIANE NAYARES-PEREZ, CMC,
City Clerk
________________________________
BY: ____________________________
By _____________________________
Name Title
BY: ____________________________
By _____________________________
Name Title
APPROVED AS TO FORM:
BY: ____________________________
JOSE M. SANCHEZ, City Attorney
APPROVED AS TO FORM:
BY: ____________________________
JOE F. RODRIGUEZ, Risk Manager
Federal ID # ___________
DocuSign Envelope ID: 93105170-B1D3-4354-81B7-EFEBF6E6164B Del Rio CC
Foundation
Board
President
Victoria
Gaffney
91-2143033
Executive
Director
John Griston
7/11/2022
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BOYS & GIRLS CLUB MODULAR BUILDING AT DRYDEN
CONCEPT MASTER PLAN
PARCEL MAP
Parks Planning and Development Division
July 2021 CP
ROSELAWN AVE.
N
MODULAR
BUILDING
PHASE 1
PHASE 3
A
(66) YARDS
(63) YARDS
(96) YARDS
PHASE 2
APN 037-036-003
APN 037-036-007
APN 037-036-003
APN 037-051-001
100 YR FLOOD ZONE
100 YR FLOOD ZONE
DocuSign Envelope ID: 93105170-B1D3-4354-81B7-EFEBF6E6164B #18..
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CITY OF MODESTO
COUNCIL AGENDA REPORT
DATE OF MEETING:
June 6, 2023
Date: May 3, 2023
TO: Mayor and City Council
THROUGH: Joseph P. Lopez, City Manager
FROM: William Wong, Director of Utilities
SUBJECT: First Amendment to Agreement with Brown & Caldwell Construction Support Services for the Grayson Well 69 (Replacing Well 274) CONTACT: Pete Kambel, Senior Civil Engineer, [email protected], 209-577-5444 DESCRIPTION:
Consider approving a First Amendment to the Agreement with Brown and Caldwell, of Rancho Cordova, CA, for Design and Construction Support Services for the Grayson Well 69 (Replacing Well 274) Project for a revised Agreement total amount not to exceed $277,601 and approving an increase in the Director’s Authority to issue Change Orders for the Construction Contract with W.M. Lyles Co, of Fresno, CA from 10% to 15% of the original Construction Contract amount of $2,683,800. (Funding Source: Water Fund)
STRATEGIC PLAN ELEMENT:
The recommended action supports the 2020-2025 City’s Strategic Plan Initiatives, Goal D:
Provide safe, efficient, and reliable infrastructure through proactive community investment, maintenance and sustainability efforts.
BACKGROUND:
The Grayson water service area was acquired from Del Este Water Company in 1995 as part of the overall acquisition of Del Este’s water system, where the City now operates and maintains two wells and storage tank No. 9 in the outlying service area of Grayson. Elevated nitrate concentrations have been a problem at Well 274, and a feasibility study completed in January 2015, addressed nitrate concentrations in Well 274 and recommended a replacement well, because the current well is relatively shallow and was installed in 1967.
On January 10, 2017, by Resolution No. 2017-18, Council approved an agreement with Hazen and Sawyer to provide hydrogeological and design services for Grayson Replacement Well 274.
On January 23, 2018, by Resolution No. 2018-46, Council awarded a construction contract to Maggiora Bros. for the Grayson Replacement Well 274 Project which constructed the subsurface improvements. During the drilling of Well 274, Staff was informed by the Department of Water Resources that well number 274 could not be re-used. New well numbers are required for replacement wells; therefore, the project became known as Grayson Well 69 (Replacing Well 274).
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City Council, June 6, 2023
First Amendment to Agreement with Brown & Caldwell
Construction Support Services for the Grayson Well 69 (Replacing Well 274)