Administration, Finance and Public Safety Committee
September 2, 2026

8) In support of the City’s employee recognition program for the purpose of attracting and retaining highly qualified employees in City service, as special recognition or reward for meritorious service by a City employee, and/or in connection with a City employee competition or drawing, for which such employee may receive no more than four (4) Tickets per Event.

7. Tickets Distributed at the Behest of a City Official.

A. Only the following City Officials shall have authority to behest Tickets: City Council Members, the City Manager, and Department Directors.

B. Tickets shall be distributed at the behest of the City Official only for one or more public purposes set forth in Section 6.C, above.

8. Disclosure Requirements.

A. Tickets distributed by the City to any City Official either for which the City Official treats as income pursuant to Section 6.B, above, or for one or more public purposes described in Section 6.C, above, shall be recorded on a form provided by the FPPC, and maintained as a public record. Such posting shall include the following information:
1) The name of the recipient, except that if the recipient is an organization, the City may post the name, address, description of the organization and number of Tickets provided to the organization in lieu of posting the names of each recipient;
2) A description of the Event;
3) The date of the Event;
4) The face value of the Ticket;
5) The number of Tickets provided to each person;
6) If the Ticket was distributed at the behest of a City Official and the name of the City Official who made the behest; and
7) A description of the public purpose(s) under which the distribution was made, or alternatively, that the City Official is treating the ticket as income.

B. Tickets distributed by the City for which the City receives reimbursement from the City Official as provided under Section 6.A, above, shall not be subject to the income reporting provisions of Section 6.B. and the FPPC website disclosure provisions of Section 8.A.

C. Following adoption, this policy shall be posted on the City’s website in a prominent fashion.

Policy 3.4: Right-of-Way Acquisition Process

1. For capital projects approved by the City Council, the City Manager shall have authority to:
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A. Execute documents and otherwise administer the right-of-way acquisition process required to complete the acquisition of street rights-of-way, including all related easements; and
B. Authorize payment of amounts for acquisition, consistent with the values set forth in a City Manager approved Appraisal Report and City Council approved budget appropriations.

2. Should it become necessary to initiate eminent domain proceedings for any such right-of-way acquisition, the matter shall be brought to the City Council for authorization to initiate such proceedings.

Policy 3.5: Authorization for City Manager to Approve Employment Agreements and Retirement Incentive or Separation Settlement Agreements The City Manager shall have the authority to require and approve an employment agreement for a new management employee and prior to promotion or reclassification of a current management employee, consistent with the authority granted in Chapter 2.12, City Manager, and Chapter 2.56, Personnel System, of the Moorpark Municipal Code, and consistent with the provisions of State law, including but not limited to California Government Code Section 3511.2 and Section 53243 et seq. and any section amendatory or supplementary thereto. For a promotion of an employee with an existing employment agreement, the City Manager shall have the authority to approve retaining prior employment agreement language for continuing grandfathered benefits that do not conflict with the City’s Management Benefits Resolution and State law.

The City Manager shall have the authority to approve a retirement incentive agreement or a separation settlement agreement for an employee that may include a mutual general release for a total value not to exceed $10,000. A retirement incentive or separation settlement agreement for a higher amount shall require City Council approval. This policy does not apply to a claim settlement, which is addressed in Policy 3.1.

Policy 3.6: Affordable Care Act (ACA) and Safe Harbors
The City of Moorpark is required to comply with the requirements of the Patient Protection and Affordable Care Act (“ACA”) enacted on March 23, 2010. The City has shared responsibility as an employer under the ACA and is required to report on health insurance coverage per the guidelines of the ACA and the Internal Revenue Code. The City of Moorpark is considered a large employer under the ACA and Section 4980H of the ACA imposes an assessable payment on an applicable large employer when in violation of the ACA. The City Council has authorized the City Manager to approve the City’s Affordable Care Act Operational Procedures which explain how to implement the Safe Harbor Look Back Measurement provisions of the ACA. Moorpark Administrative Policy No. H-2 issued March 27, 2015, set forth the procedures. The City Council delegates to the City Manager as Personnel Director or his/her designee the authority to modify to Affordable Care Act Operational Procedures as may be necessary from time to time. 106
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Policy 3.7: Teen Council
The Moorpark City Council has established a Teen Council to encourage young residents to participate in City government in a positive and productive manner and to develop civic knowledge, leadership skills, and a spirit of community involvement. The Teen Council provides members with educational and experiential opportunities related to City operations, public service, career development, and community engagement. Members may also provide a youth perspective on major City projects, programs, and initiatives that may affect Moorpark youth, along with performing other duties or functions assigned by the City Manager. Program administration and implementation are delegated to the City Manager or their designee.

Policy 3.8 Small Business Recognition Program
The purpose of the Small Business Recognition Program is to support, recognize, and celebrate the contributions of small businesses that enhance the City's economic vitality, character, and quality of life. Through this program, the City Council may recognize eligible small businesses during regular City Council meetings.

Eligibility
To be eligible for recognition, a business must:

1. Be a commercial-based business, physically located within the City of Moorpark.

Home-based businesses are not eligible for participation.

2. Employ 10 or fewer employees at the time of selection.

3. Hold an active City of Moorpark business registration.

4. Be in good standing and compliant with the Moorpark Municipal Code and all applicable federal, state, and local laws and regulations.

5. Demonstrate a positive contribution to the Moorpark community through one or more of the following:
o Longevity in the community.
o Exceptional customer service.
o Community involvement or charitable activities.
o Business innovation or entrepreneurship.
o Job creation or economic impact.
o Contributions to the City's unique character and identity.

Referral and Selection Process

1. Requests for business recognition pursuant to this policy shall be initiated by emailing [email protected].

2. Businesses may be recommended for recognition by anyone within the community, including City Council Members, the City Manager, City staff, residents, other business owners, self-nomination or community stakeholders.

3. The City Manager shall determine the businesses to be recognized and the timing of such recognition.

Recognition
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1. Selected businesses shall be recognized by the City Council during a regular City Council meeting.

2. Recognition may include:
o A City Certificate of Recognition; and
o Presentation during the City Council meeting.

3. Businesses may only be recognized once within a five-year period, unless otherwise approved by the City Manager due to extraordinary circumstances or accomplishment.

Program Administration

1. Recognition frequency shall be determined by the City Manager based on City Council meeting schedules, staff capacity, and the availability of qualified businesses.

2. The City reserves the right to discontinue, modify, suspend, or revoke recognition at any time.

SECTION 4. POLICIES ADMINISTERED BY COMMUNITY DEVELOPMENT

DEPARTMENT
Policy 4.1: Temporary Use Permit Fee Waivers

1. Once each calendar year, a City of Moorpark organization having non-profit status may apply for and be granted a temporary use permit fee waiver for one event.

2. The Community Development Director shall waive a Temporary Use Permit Fee pursuant to this policy after an eligible organization has submitted: a) a completed temporary use permit application; b) a request for fee waiver; and c) proof of nonprofit status.

3. Examples for which Temporary Use Permits are issued are special events such as Christmas tree sales, promotional parking lot sales, church carnivals, Country Days and sidewalk sales.

4. The Temporary Use Permit shall be issued for a single event of less than thirty (30) consecutive days in duration.

Policy 4.2: Code Compliance Program
The City Council is committed to preserving and improving the quality of life in Moorpark.

In support of this vision, the City has established a Code Compliance Program to create a clear, concise guide to achieve compliance with the Moorpark Municipal Code and is designed to promote code compliance through public awareness. The establishment and implementation of an Administrative Policy setting forth the Code Compliance Program, and updates as needed from time to time, are delegated to the Community Development Director.
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Policy 4.3: Street Naming
The Community Development Director, in consultation with the City Manager and in conjunction with the Ventura County Fire Department shall determine street names for recommendation to the City Council. All street names shall be approved by the City Council prior to approval of a final subdivision map. The following criteria shall be used:

North/South streets shall be designated as avenues or roads; East/West streets as streets or drives; and cul-de-sacs as circles, courts or places.

Policy 4.4: Designation of Community Events per Health and Safety Code Section 113755

1. The Community Development Director, or designee, is hereby authorized to designate a specific event as a Community Event, within the meaning of Section 113755 of the California Health and Safety Code for purposes of compliance with Environmental Health regulations pertaining to Temporary Food Facilities.

2. In order to qualify as a Community Event, the event must be open to the general public, and shall have a civic, political, public, or educational nature, as determined by the Community Development Director, or designee. For the purposes of this policy, “public” nature shall include, but not be limited to purposes such as providing entertainment to the public, social interaction, and attracting business to the City.

3. The designation of an event as a “Community Event” is separate and independent from the City’s Special Event Permit application process, which may also be required for the event and shall be considered on its own merits. Receiving a “Community Event” designation does not obligate the City to approve a Special Event Permit application for the same event.

4. A “Community Event” designation shall be valid only for the location, time period, and operational parameters specified in the Community Development Director’s designation, which may include designation of a recurring annual event for multiple years, at the Director’s or designee’s discretion.

5. The Community Development Director may revoke a Community Event or Community Event Venue designation upon a finding that the specific event or location does not comply with the policies herein or administrative regulations promulgated by the Director under the authority granted herein.

6. The City’s designation of an event as a “Community Event” does not replace or supersede the County of Ventura, Environmental Health Division’s separate and independent authority over Temporary Food Facility Permit applications.

7. The Community Development Director is authorized to establish appropriate administrative policies to consider and decide requests for designation of a Community Event.
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Policy 4.5: First-Time Home Buyer Affordable Housing Program The City Council has established a First-Time Home Buyer Affordable Housing Program to make available for sale dwelling units to very-low, low, or moderate income persons/households; sets forth the primary criteria for eligibility for participation in said Program and determining priority for participant selection; the primary criteria and parameters for retaining the affordable units as affordable for the longest feasible period, but in no event less than forty-five (45) years; equity sharing requirement upon resale; refinancing; the ongoing responsibilities of the buyers; and establishes the requirement that upon resale the affordable dwelling unit is sold to a City approved buyer in the same income category as the original buyer at the time of the initial sale. .

The policy, with its on-going administration and revision from time to time as necessary, is delegated to the Community Development Director.

SECTION 5. POLICIES ADMINISTERED BY FINANCE DEPARTMENT
Policy 5.1: Fund Balance Reserve
Fiscal stability is an important factor to any city. Sound financial management includes the practice and discipline of maintaining adequate reserve funds for known and unknown contingencies. Such contingencies and occurrences include, but are not limited to:
• Cash flow requirements
• Economic uncertainties and other financial hardships or downturns in the local, state or national economy
• Local disasters or catastrophic events
• Loss of major revenue source
• Unanticipated operating or capital expenditures
• Capital asset and infrastructure repair and replacement The establishment of prudent financial reserve policies is important to ensure the long-term financial health of the City.

The City will fund annually, to the extent of available General Fund unassigned budgetary surplus, and endeavor to maintain a General Fund committed fund balance for an Emergency/Contingency reserve in the minimum amount of 20% of adopted budget expenditures, plus a minimum General Fund unassigned fund balance of $1 million.

Additionally, an Economic Uncertainty reserve will also be funded in General Fund committed fund balance to help provide resources to minimize service disruption in the event of fiscal stress such as unexpected revenue shortfalls or unpredicted one-time expenditures or operating changes that occur outside of the planned annual budget.

Reserves shall not normally be applied to recurring annual operating expenditures. This fund will provide the City resources to weather short-term and other cyclical revenue downturns while avoiding large variations in taxes and fees or variations in the type and quality of municipal services provided. The amount of the Economic Uncertainty fund shall be a minimum of $1 million. Funding the Economic Uncertainty reserve can only be appropriated and used for budgetary purposes by an affirmative vote of the City Council.

The Emergency/Contingency reserve will be maintained for the purpose of minimizing the 110
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financial impact or quickly respond to unexpected situations such as local event or natural disaster or declared emergency and/or claims which will not be reimbursable from insurance or Federal, State or County Government. The $1 million of General Fund unassigned fund balance may be used for budget adjustments during the fiscal year and/or Economic Uncertainty reserve replenishment, as recommended by the City Manager from time to time.

Reserve levels will be adjusted annually in accordance with this policy. Annually, in conjunction with the year-end analysis and preparation of the City’s Annual Comprehensive Financial Report (ACFR) for a completed fiscal year, any remaining General Fund unassigned fund balance from that fiscal year shall be applied as follows, in order of priority:
(1) if needed, to increase the fund balance of the Emergency/Contingency Reserve to 20% of the subsequent fiscal year’s adopted budget expenditures; (2) if needed, to reserve or replenish General Fund Economic Uncertainty to $1 million; (3) if needed, to reserve or replenish General Fund unassigned fund balance to $1 million; (4) to pay down Unfunded Accrued Liability (UAL), if any, with respect to the City’s pension plans in an effort to maintain a minimum of 95% funding; and (5) to pay down UAL, if any, with respect to the City’s Other Post-Employment Benefits (OPEB) plan (i.e., post-employment healthcare plan) in an effort to maintain a minimum of 95% funding.

Annually, any excess General Fund unassigned fund balance remaining after the four items required by the immediately preceding paragraph above have been fully funded will be transferred to the Special Projects Fund. Pursuant to California Government Code Section 53647, interest generated from the Special Projects Fund will be posted to the General Fund as interest income, which is vital to the City’s General Fund operating budget. The Special Projects Fund will be used to maintain and build new projects including major rehabilitation of streets, parks and facilities (e.g. Construction of Civic Center Complex, Moorpark Library, Street Capital Improvement Projects, etc.). These funds may also be used for any other purpose as deemed appropriate by the City Council by a separate vote.

Grant Funds
Most grant awards are reimbursement, whereby the City spends the money first and applies for reimbursement from the granting agency. The City usually has a negative fund balance in the grant funds until the grant money is actually received. Therefore, there is no minimum reserve requirement for grant funds. Grant funds shall be used to procure materials, supplies, and capital as may be permitted by the grant rules. No recurring costs shall be funded by a grant unless the City Council pre-approves the recurring costs.

All Other Funds
Except as otherwise described above, the City will maintain a minimum reserve of 10% of the annual revenue in each fund. Annual revenue is calculated based on the average of the three prior year’s revenue for the fund.

Policy 5.2: Landscape and Lighting Assessment District (LLAD) Operational and Capital Improvements Reserve Fund Balance 111
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The Finance Director or his/her designee shall work with the responsible department head and assessment engineer to calculate annual operating costs and the Operational Reserves and Capital Improvements Reserve fund balances for each landscape and lighting assessment district in conjunction with preparation of the City’s annual fiscal year budget. The Operational Reserves fund balances for each landscape and lighting assessment district (“LLAD”) shall not exceed the estimated costs of maintenance and servicing to December 10 of the fiscal year, or approximately fifty percent (50%) of the annual estimated costs of each LLAD, or whenever the City expects to receive its apportionment of special assessments and tax collections from the county, whichever is later. The Capital Improvements Reserves fund balances shall be maintained for each LLAD to ensure sufficient operational available funding (i.e. cash flow) and to cover replacement costs for capital assets including, but not limited to, landscape materials, irrigation equipment, hardscape, walls, ornamental structures, trails, drainage facilities, fencing, decorative lighting, and project signage. Contributions to the Capital Improvements Reserves fund balances shall be calculated in conformance with the adopted LLAD Capital Improvements Reserves Fund Study (“Study”) with an annual increase of 2.5% over the useful life of such improvements as specified in the Study. The Study shall be re-evaluated every 15 years, or sooner at the discretion of the Finance Director.

Funding Annual Deficits
If any LLAD that is subject to fixed maximum assessment rates ends the fiscal year with a deficit fund balance, funds may be transferred from the General Fund or other funds, as approved by the City Council, to restore the LLAD to a zero fund balance. This transfer shall occur in the subsequent fiscal year so as to enable the LLAD to begin the fiscal year with a zero fund balance.

Policy 5.3: City Treasurer, Investments, and Cash Handling The City Treasurer is charged with depositing, disbursing, safekeeping, and investing all public funds of the City (including the Successor Agency to the Redevelopment Agency of the City of Moorpark and the Public Financing Authority). The primary function of the City Treasurer is the safekeeping of City funds: safety, liquidity, and yield. These three objectives are defined in the investment policy. The investment function is controlled by the investment policy, which shall be adopted by the City Council annually.

City Banking
The City Treasurer should go out to bid once every ten years for banking services (City and Successor Agency), custodial services (investments), and broker-dealer services (investments).

Investments
Consistent with applicable State law, the City Council shall adopt an Investment Policy by separate resolution and review and update said policy annually. The Administration, Finance, and Public Safety Committee shall review the Investment Policy resolution on an annual basis prior to consideration by the City Council. 112
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Pursuant to State Government Code Section 53607, the City Council and Successor Agency may delegate for a one-year period authority to the City Treasurer to invest or reinvest City and Successor Agency funds, or to sell or exchange securities so purchased.

If such authority is so delegated, the City Treasurer shall thereafter assume full responsibility for those transactions until the delegation of authority is revoked or expires, and shall make a monthly report of those transactions to the City Council and Successor Agency if applicable. Subject to review, the City Council and Successor Agency may renew the delegation of authority each year. The City Treasurer shall make a quarterly report of those transactions and portfolio holdings, including the information specified in Government Code Section 53046(b) to the City Council, Successor Agency and City Manager. A separate quarterly report shall be provided to the City Council acting as Successor Agency.

Cash Handling
The City Council delegates to the City Treasurer or his/her designee the handling of cash received by City for payment of fees, services, penalties or other such City transactions.

The City Treasurer or his/her designee shall prepare written procedures on cash handling and shall provide training for applicable staff. Written procedures may include topics such as checking for counterfeit bills on large denominations, counting back the change to the customer, not accepting foreign currency as payment, and providing receipts to the customer.

Policy 5.4: Authorization for Hardship Fee Modification and Waiver No payment of a fee, fine, or deposit may be waived, delayed, modified, or adjusted, except as authorized by the City Council in the Municipal Code or resolution establishing the fee, fine, or deposit.

Policy 5.5: Fund Balance Reporting as Required by Governmental Accounting Standards Board Statement No. 54 (GASB 54)

1. The Finance Director is responsible for implementing this policy.

2. Consistent with the Governmental Accounting Standards Board Statement No. 54, “Fund Balance Reporting and Governmental Fund Type Definitions”, the City Council has adopted the following method to self-classify fund balances for financial statement reporting purposes:

A. Committed Fund Balance
Fund Balance may be committed to specific purposes using the highest level of decision-making authority, the City Council. It is the City Council’s policy that commitments of fund balance for a fiscal year must be adopted by resolution prior to fiscal year end, June 30th. Amounts that have been committed by the City Council cannot be used for any other purposes unless the City Council adopts another resolution to remove or change the constraint.

B. The Classified Fund Balance
The General Fund balance may be assigned for amounts the City Council intends to use for a specific purpose. It is the City Council’s policy that 113
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assignments of fund balance for a fiscal year must be approved by the City Council prior to the fiscal year end, June 30th. Any changes to assignments must also be made by the City Council.

It is the City Council’s policy to spend Classified Fund Balance in the following order when amounts in more than one classification are available for a particular purpose:
1) Restricted Fund Balance – amounts constrained to specific purpose by their providers through constitutional provisions or enabling legislation. Examples include grants, bond proceeds and passthrough revenue from other levels of government. 2) Committed Fund Balance – amounts constrained to specific purpose by resolution of the City Council.

The City Council has designated the following Committed Fund Balance: Library Fund (1010) for the purpose of providing library services.
3) Assigned Fund Balance – amounts which are intended to be used for a specific purpose, expressed by the City Council.

The City Council has designated the following Assigned Fund Balances for the future design and construction of infrastructure improvement projects: Endowment Fund (2018), Capital Projects (3000), City Hall Improvement (3001), Police Facilities (3002), Equipment Replacement (3003), Special Projects (3004), Remaining Bond proceeds (3005), PEG Capital Fund (3006), DDA Settlement (3007), IT Equipment Replacement (3008), Vehicle Replacement (3009), Facilities Replacement (3010), CFD 2004-01 Highland Improvement (6004), SARA 2001 Tax Allocation Bond Proceeds (7103), SARA 2006 Tax Allocation Bond Proceeds (7104).
4) Unassigned Fund Balance – amounts available for any purpose in the General Fund.

Policy 5.6: Debt Management Policy

1. Purpose
The purpose of this Debt Management Policy (Policy) is to establish guidelines and parameters for the effective governance, management and administration of debt and other financing obligations issued by the City of Moorpark (City).

As used in this Policy, “City” shall mean the City. As used in this Policy, “debt” shall be interpreted broadly to mean bonds, notes, certificates of participation, financing leases, or other financing obligations, but the use of such term in this Policy shall be solely for convenience and shall not be interpreted to characterize any such 114
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obligation as an indebtedness or debt within the meaning of any constitutional debt limitation where the substance and terms of the obligation comport with exceptions thereto.

2. Background
The City is committed to fiscal sustainability by employing long-term financial planning efforts, maintaining appropriate reserves levels and employing prudent practices in governance, management, budget administration and financial reporting.

Debt levels and their related annual costs are important long-term obligations that must be managed within available resources. A disciplined, thoughtful approach to debt management includes policies that provide guidelines for the City to manage their collective debt program in line with those resources. Therefore, the objective of this policy is to provide written guidelines and restrictions concerning the amount and type of debt and other financing obligations issued by the City and the ongoing management of the debt portfolio.

This Policy is intended to improve the quality of decisions, assist with the determination of the structure of debt issuance, identify policy goals, and demonstrate a commitment to long-term financial planning, including a multi-year capital plan. Adherence to a local debt policy signals to rating agencies and the capital markets that a government is well managed and should meet its obligations in a timely manner.

3. Conditions and Purposes of Debt Issuance
A. Acceptable Conditions for the Use of Debt
The City believes that prudent amounts of debt can be an equitable and costeffective means of financing major infrastructure and capital project needs of the City. Debt will be considered to finance such projects if:
1) The capital project has been, or will be, included in the City’s capital improvement plan or has otherwise been coordinated with the City’s planning goals and objectives.
2) The capital project can be financed with debt not exceeding the term specified in Section 5.A. of this Policy, to assure that long-term debt is not issued to finance projects with a short useful life. 3) It is the most cost-effective funding means available to the City, taking into account cash flow needs and other funding alternatives. 4) It is fiscally prudent and meets the guidelines of this Policy. Any consideration of debt financing shall consider financial alternatives, including pay-as-you-go funding, proceeds derived from development or redevelopment of existing land and capital assets owned by the City, and use of existing or future cash reserves, or combinations thereof.
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B. Acceptable Uses of Debt and Proceeds of Debt
The primary purpose of debt is to finance one of the following:
1) The City will consider financing for the acquisition, substantial refurbishment, replacement, or expansion of physical assets, including land improvements, for the following purposes:
a) Acquisition and or improvement of land, right-of-way or longterm easements. b) Acquisition of a capital asset with a useful life of 3 or more years.
c) Construction or reconstruction of a facility.
d) Although not the primary purpose of the financing effort, project reimbursables that include project planning design, engineering and other preconstruction efforts; project-associated furniture fixtures and equipment; capitalized interest, original issue discount, underwriter’s discount, and other costs of issuance. 2) Refunding, refinancing, or restructuring debt (including without limitation the refinancing or advance funding of City pension obligations), subject to refunding objectives and parameters discussed in Section G.
3) In the event of temporary shortfalls in cash flow for City operation costs due to timing of receipt of revenues and the lack of cash on hand to cover the temporary deficit, the City may consider interim or cash flow financing, such as anticipation notes. In compliance with applicable state law, any such notes shall be payable either (i) not later than the last day of the fiscal year in which it is issued, or (ii) during the fiscal year succeeding the fiscal year in which issued, but in no event later than 15 months after the date of issue, and only if such note is payable only from revenue received or accrued during the fiscal year in which it was issued.

C. Prohibited Uses of Debt and Proceeds of Debt
Prohibited uses of debt include the following:
1) Financing of operating costs, except for anticipation notes satisfying the criteria set forth in Section 3.B.3).
2) Debt issuance used to address budgetary deficits.
3) Debt issued for which the term of the debt exceeds the term specified in Section 5.A. of this Policy.

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One of the City’s priorities in the management of debt is to assure that the proceeds of the debt will be directed to the intended use for which the debt has been issued. In furtherance of this priority, the following procedures shall apply:
1) The Finance Director shall retain, for the applicable period specified in Section 8.D. of this Policy, a copy of each annual report filed with the California Debt and Investment Advisory Commission (CDIAC) pursuant to Section 8855(k) of the California Government Code concerning (1) debt authorized during the applicable reporting period (whether issued or not), (2) debt outstanding during the reporting period, and (3) the use during the reporting period of proceeds of issued debt. A copy of the annual report shall be provided to the City Council, City Manager and City Clerk.
2) In connection with the preparation of each annual report to be filed with CDIAC pursuant to Section 8855(k) of the California Government Code, the Finance Director or the designee of the Finance Director shall keep a record of the original intended use for which the debt has been issued, and indicate whether the proceeds spent during the applicable one-year reporting period for such annual report comport with the intended use (at the time of original issuance or as modified pursuant to the following sentence). If a change in intended use has been authorized subsequent to the original issuance of the debt, the Finance Director or the designee of the Finance Director shall indicate in the record when the change in use was authorized and whether the City Council, City Manager, or another City official has authorized the change in intended use. The Finance Director shall report apparent deviations from the intended use in debt proceeds to the City Manager for further discussion, and if the City Manager determines appropriate in consultation with legal counsel (which may be bond counsel, if applicable, or the City Attorney), to the City Council. 3) If the debt has been issued to finance a capital project and the project timeline or scope of project has changed in a way that all or a portion of the debt proceeds cannot be expended on the original project, the Finance Director shall consult with the City Manager and legal counsel (which may be bond counsel, if applicable, or the City Attorney) as to available alternatives for the expenditure of the remaining debt proceeds (including prepayment of the debt). After such consultation, the Finance Director shall seek the direction of the City Council as to an alternative for the expenditure or use of such remaining debt proceeds.

4. Type of Financing Instruments; Affordability and Planning Policies The City recognizes that there are numerous types of financing structures and funding sources available, each with specific benefits, risks, and costs. All potential funding sources are reviewed by management within the context of this Policy and the overall portfolio to ensure that any financial product or structure is consistent 117
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with the City’s objectives. Regardless of what financing structure(s) is utilized, due diligence review must be performed for each transaction, including the quantification of potential risks and benefits, and analysis of the impact on City creditworthiness and debt affordability and capacity.

Prior to the issuance of debt or other financing obligations to finance a project, the City will carefully consider the overall long-term affordability of the proposed debt issuance. The City shall not assume more debt or other financing obligations without conducting an objective analysis of the City’s ability to assume and support additional debt service payments. The City will consider its long-term revenue and expenditure trends, the impact on operational flexibility and the overall debt burden on the taxpayers. The evaluation process shall include a review of generally accepted measures of affordability and will strive to achieve and or maintain debt levels consistent with its current operating and capital needs.

A. General Fund-Supported Debt
General Fund Supported Debt generally include Certificates of Participation (COPs) and Lease Revenue Bonds (LRBs) which are lease obligations that are secured by an installment sale or by a lease-back arrangement between the City and another public entity. Typically, the City appropriates available General Fund moneys to pay the lease payments to the other public entity and, in turn, the public entity uses such lease payments received to pay debt service on the bonds or Certificates of Participation.

General Fund Supported Debt may also include bonds issued to refund obligations imposed by law, such as judgments (judgment obligation bonds (JOBs)) or unfunded accrued actuarial liabilities for pension plans (pension obligation bonds (POBs)).

These obligations do not constitute indebtedness under the state constitutional debt limitation and, therefore, are not subject to voter approval.

Payments to be made under valid leases are payable only in the year in which use and occupancy of the leased property is available, and lease payments may not be accelerated. Lease financing requires the fair market rental value of the leased property to be equal to or greater than the required debt service or lease payment schedule. The lessee (City) is obligated to include in its Annual Budget and appropriate the rental payments that are due and payable during each fiscal year the lessee has use of the leased property.

The City should strive to maintain its net General Fund-backed annual debt service at or less than 10% of available annually budgeted revenue. This ratio is defined as the City’s annual debt service requirements on General Fund Supported Debt (including, but not limited to, COPs, LRBs, JOBs, and POBs) compared to total annual General Fund Revenues net of interfund transfers.
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B. Revenue Bonds
Long-term obligations payable solely from specific special fund sources, in general, are not subject to a debt limitation. Examples of such long-term obligations include those which are payable from a special fund consisting of restricted revenues or user fees (Enterprise Revenues) and revenues derived from the system of which the project being funded is a part.

In determining the affordability of proposed revenue bonds, the City will perform an analysis comparing projected annual net revenues (exclusive of depreciation which is a non-cash related expense) to estimated annual debt service. The City should strive to maintain a coverage ratio of 110% (or such higher coverage ratio included in the City’s existing financing documents), using historical and/or projected net revenues to cover annual debt service for bonds. To the extent necessary, the City shall undertake proceedings for a rate increase to cover both operations and debt service costs, and create debt service reserve funds to maintain the required coverage ratio.

C. Special Districts Financing
The City’s special districts primarily consist of Community Facilities Districts (CFDs) and 1913/1915 Act Assessment Districts (Assessment Districts). The City will consider requests for special district formation and debt issuance when such requests address a public need or provide a public benefit. Each application will be considered on a case by case basis, and the Finance Department may not recommend a financing if it is determined that the financing could be detrimental to the debt position or the best interests of the City.

D. General Obligation Bonds
Notwithstanding their name, General Obligation Bonds are not general obligations of the City, but instead they are payable from and secured by a dedicated, voter-approved property tax override rate (i.e., a property tax in excess of the 1% basic ad valorem property tax rate which has received the approving two-thirds vote of the City’s electorate). While the dedicated revenue stream to repay the debt makes General Obligation Bonds an attractive option, additional considerations for this financing mechanism include the time and expense of an election, the possibility that the electorate will not approve the ballot measure, and the legal bonding capacity limit (3.75% of the assessed value of all taxable property within the City as of the adoption date of this Policy).

E. Tax Increment Financing
Tax Increment Financing is payable from and secured by a portion of ad valorem property taxes that are allocated to the Successor Agency, an enhanced infrastructure financing district (EIFD), or a community revitalization and investment authority (CRIA) subject to a plan adopted for such entity and the applicable law. While tax increment debt for 119
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redevelopment agencies and Successor Agencies is entitled to the benefits of Article XVI, Section 16, of the California Constitution, no similar provision exists for EIFDs and CRIAs at the time of adoption of this Policy. Therefore, when considering EIFD or CRIA financing, debt limit concerns should be analyzed with respect to the proposed structure and taken into account in determining the practical viability of the proposed financing.

F. Conduit Debt
Conduit financing provides for the issuance of securities by a government agency to finance a project of a third party, such as a non-profit organization or other private entity. The City may sponsor conduit financings for those activities that have a general public purpose and are consistent with the City’s overall service and policy objectives. Unless a compelling public policy rationale exists, such conduit financings will not in any way pledge the City’s faith and credit.

5. Structure of Debt
A. Term of Debt
In keeping with Internal Revenue Service regulations for tax-exempt financing obligations, the weighted average maturity of the debt should not exceed 120 percent of the weighted average economic life of the facilities or projects to be financed, unless specific circumstances exist that would mitigate the extension of time to repay the debt and it would not cause the City to violate any covenants to maintain the tax-exempt status of such debt, if applicable.

B. Rapidity of Debt Payment; Level Payment
To the extent practical, bonds will be amortized on a level repayment basis, and revenue bonds will be amortized on a level repayment basis considering the forecasted available pledged revenues to achieve the lowest rates possible. Bond repayments should not increase on an annual basis in excess of 2% without a dedicated and supporting revenue funding stream.

Accelerated repayment schedules reduce debt burden faster and reduce total borrowing costs. The Finance Department will amortize debt through the most financially advantageous debt structure and to the extent possible, match the City’s projected cash flow to the anticipated debt service payments. “Backloading” of debt service will be considered only when one or more of the following occur:
1) Natural disasters or extraordinary or unanticipated external factors make payments on the debt in early years prohibitive.
2) The benefits derived from the debt issuance can clearly be demonstrated to be greater in the future than in the present. 120
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3) Such structuring is beneficial to the City’s aggregate overall debt payment schedule or achieves measurable interest savings. 4) Such structuring will allow debt service to more closely match projected revenues, whether due to lower project revenues during the early years of the project’s operation, inflation escalators in the enterprise user rates, or other quantifiable reasons.

C. Serial Bonds, Term Bonds, and Capital Appreciation Bonds For each issuance, the City will select serial bonds or term bonds, or both.

On the occasions where circumstances warrant, Capital Appreciation Bonds (CABs) may be used. The decision to use term, serial, or CAB bonds is driven based on market conditions.

D. Reserve Funds
To the extent a reserve fund provides an economic benefit that offsets the cost of funding the reserve fund, as determined by the Finance Director in consultation with the City’s municipal advisor and, if applicable, the underwriter for the bonds, the City may fund a reserve fund for the proposed bonds, up to the maximum amount permitted by applicable law or regulation.

Typically, this amount is equal to the least of (i) maximum annual debt service on the bonds, (ii) 10% of the principal amount of the bonds (or 10% of the sale proceeds of the bonds, within the meaning of Section 148 of the federal Internal Revenue Code), or (iii) 125% of average annual debt service on the bonds.

6. Use of Alternative Debt Instruments
Alternative debt instruments and financing structures sometimes can provide a lower cost of borrowing in the short run, but may involve greater mediumterm or long-term risk. Due diligence review must be performed for each transaction, including the quantification of potential risks and benefits, analysis of the impact on City creditworthiness and debt affordability and capacity, and an evaluation of the ability of the City to withstand the mediumterm or long-term risk attendant to alternative debt instruments, including the feasibility of exit strategies.

A. Variable Rate Debt
Variable rate debt affords the City the potential to achieve a lower cost debt depending on market conditions. However, the City will seek to limit the use of variable-rate debt due to the potential risks of such instruments.
1) Purpose
The City shall consider the use of variable rate debt for the purposes of:
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a) Reducing the costs of debt issues.
b) Increasing flexibility for accelerating principal repayment and amortization.
c) Enhancing the management of assets and liabilities (matching short-term “priced debt” with the City’s short-term investments). 2) Considerations and Limitations on Variable-Rate Debt The City may consider the use of all alternative structures and modes of variable rate debt to the extent permissible under State law and will make determinations among different types of modes of variable rate debt based on cost, benefit, and risk factors. The Finance Director shall consider the following factors in considering whether to utilize variable rate debt:
a) With respect to General Fund supported debt, any variable rate debt should not exceed 50% of total City General Fund
supported debt.
b) Any variable rate debt should be fully hedged by expected future capital fund reserves or unrestricted General Fund reserve levels, as applicable.
c) Whether interest cost and market conditions (including the shape of the yield curves and relative value considerations) are unfavorable for issuing fixed rate debt.
d) The likelihood of projected debt service savings when comparing the cost of fixed rate bonds.
e) Costs, implementation and administration are quantified and considered.
f) Cost and availability of liquidity facilities (lines of credit necessary for variable rate debt obligations and commercial paper in the event that the bonds are not successfully
remarketed) are quantified and considered.
g) Whether the ability to convert debt to another mode (daily, monthly, fixed) or redeem at par at any time is permitted. h) Cost and availability of derivative products to hedge interest rate risk.
i) The findings of a thorough risk management assessment. 3) Risk Management
Any issuance of variable rate debt shall require a rigorous risk assessment, including, but not limited to factors discussed in this section. Variable rate debt subjects the City to additional financial risks (relative to fixed rate bonds), including interest rate risk, tax risk, and 122
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certain risks related to providing liquidity for certain types of variable rate debt.

The City will properly manage the risks as follows:
a) Interest Rate Risk and Tax Risk – The risk that market interest rates increase on variable-rate debt because of market
conditions, changes in taxation of municipal bond interest, or reductions in tax rates. Mitigation – Limit total variable rate exposure per the defined limits, match the variable rate liabilities with short term assets, and/or purchase appropriate derivative products to hedge against the risk (see also Section 6.B below).
b) Liquidity/Remarketing Risk – The risk that holders of variable rate bonds exercise their “put” option, tender their bonds, and the bonds cannot be remarketed requiring the bond liquidity facility provider to repurchase the bonds. This will result in the City paying a higher rate of interest to the facility provider and the potential rapid amortization of the repurchased bonds.

Mitigation - Limit total direct variable-rate exposure. Seek liquidity facilities which allow for longer (5-10 years) amortization of any draws on the facility. Endeavor to secure credit support facilities that result in bond ratings of the highest short-term ratings and long-term ratings not less than AA. If the City’s bonds are downgraded below these levels (or such other rating levels as provided in the applicable financing documents) as a result of the facility provider’s ratings, a replacement provider shall be sought.
c) Liquidity/Rollover Risk – The risk that arises due to the shorter term of most liquidity provider agreements (1-5 years) relative to the longer-term amortization schedule of the City’s variablerate bonds. Liquidity and rollover risk includes the following risks: (1) the City may incur higher renewal fees when renewal agreements are negotiated, and (2) the liquidity bank market may constrict such that it is difficult to secure third party liquidity at any interest rate. Mitigation – Negotiate longer terms on provider contracts to minimize the number of rollovers.

B. Derivatives
The use of certain derivative products to hedge variable rate debt, such as interest rate swaps, may be considered to the extent the City has such debt outstanding or under consideration. The City will exercise extreme caution in the use of derivative instruments for hedging purposes, and will consider their utilization only when sufficient understanding of the products and sufficient expertise for their appropriate use has been developed. A comprehensive 123
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derivative policy will be adopted by the City prior to any utilization of such instruments.

7. Refunding Guidelines
The Finance Director shall monitor at least annually all outstanding City debt obligations for potential refinancing opportunities. The City will consider refinancing of outstanding debt to achieve annual savings or to refinance a bullet payment or spike in debt service. Except for instances in which a bullet payment or spike in debt service is being refinanced, absent a compelling reason or financial benefit to the City, any refinancing should not result in an increase to the weighted average life of the refinanced debt.

Except for instances in which a bullet payment or spike in debt service is being refinanced, the City will generally seek to achieve debt service savings which, on a net present value basis, are at least 5% of the debt being refinanced. The net present value assessment shall factor in all costs, including issuance, escrow, and foregone interest earnings of any contributed funds on hand. Any potential refinancing shall additionally consider whether an alternative refinancing opportunity with higher savings is reasonably expected in the future. Refunds which produce a net present value savings of less than 5% will be considered on a case-by-case basis. Notwithstanding the foregoing, a refunding of Successor Agency bonds shall be determined based on the requirements of Health and Safety Code Section 34177.5.

8. Market Communication, Administration, and Reporting
A. Rating Agency Relations and Annual or Ongoing Surveillance The Finance Director shall be responsible for maintaining the City’s relationships with S&P Global Ratings, Fitch Ratings and Moody’s Investor’s Service. The City is committed to maintaining its existing rating levels. In addition to general communication, the Finance Director shall:
1) Ensure the rating agencies are provided updated financial statements of the City as they become publicly available.
2) Communicate with credit analysts at each agency at least once each year, or as may be requested by the agencies.
3) Prior to each proposed new debt issuance, schedule meetings or conference calls with agency analysts and provide a thorough update on the City’s financial position, including the impacts of the proposed debt issuance.

B. Council Communication
The Finance Director should report feedback from rating agencies, when and if available, regarding the City’s financial strengths and weaknesses and 124
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areas of concern relating to weaknesses as they pertain to maintaining the City’s existing credit ratings.

C. Continuing Disclosure Compliance
The City shall remain in compliance with Rule 15c2-12, promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934, by filing (to the extent required by the applicable continuing disclosure undertaking) its annual financial statements and other financial and operating data for the benefit of its bondholders within 270 days of the close of the fiscal year, or by such other annual deadline required in any continuing disclosure agreement or certificate for any debt issue. The City shall maintain a log or file evidencing that all continuing disclosure filings have been made promptly.

D. Debt Issue Record-Keeping
A copy of all debt-related records shall be retained at the City’s offices. At minimum, these records shall include all official statements, bond legal documents/transcripts, resolutions, trustee statements, leases, and title reports for each City financing (to the extent available).

Such records shall be retained while any bonds of an issue are outstanding and during the three-year period following the final maturity or redemption of the bond issue or, if later, while any bonds that refund bonds of that original issue are outstanding and for the three-year period following the final maturity or redemption date of the latest refunding bond issue.

E. Arbitrage Rebate
The use of bond proceeds and their investments must be monitored to ensure compliance with all arbitrage rebate requirements of the Internal Revenue Code and related Internal Revenue Service regulations, in keeping with the covenants of the City in the tax certificate for any federally tax-exempt financing. The Finance Director shall ensure that all bond proceeds and investments are tracked in a manner which facilitates accurate calculation; and, if a rebate payment is due, such payment is made in a timely manner.

9. Credit Ratings
The City will consider published ratings agency guidelines regarding best financial practices and guidelines for structuring its capital funding and debt strategies to maintain the highest possible credit ratings consistent with its current operating and capital needs.

Whenever the City of Moorpark receives a credit rating, the City will strive to maintain ‘investment grade’ standings in the municipal market (BBB-/Baa3 and higher).

Below is the credit rating scale of the three (3) major rating agencies:
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Standard &
Poor's
Corporation
Fitch
Investors
Service. Inc.

Moody's
Investor's
Service, Inc. Definition
AAA AAA Aaa Highest grade credit
AA+
AA
AAAA+
AA
AAAa1
Aa2
Aa3
Very high grade credit
A+
A
AA+
A
AA1
A2
A3
High grade credit
BBB+
BBB
BBBBBB+
BBB
BBBBaa1
Baa2
Baa3
Good grade credit
BB+
BB
BBBB+
BB
BBBa1
Ba2
Ba3
Non-investment grade
Speculative credit
B+
B
BB+
B
BB1
B2
B3
Very speculative credit
CCC+
CCC
CCCCC
C
CCC+
CCC
CCCCC
C
Caa1
Caa2
Caa3
Ca
Substantial risk
In or near default with
possibility of recovery
SD
D
DDD
DD
D
C Default
Minimal chance of recovery

10. SB 1029 Compliance
Senate Bill 1029, signed by Governor Brown on September 12, 2016, and enacted as Chapter 307, Statutes of 2016, requires issuers to adopt debt policies addressing each of the five items below:

A. The purposes for which the debt proceeds may be used.

Section 3.B (Acceptable Uses of Debt and Proceeds of Debt) and Section

3.C. (Prohibited Use of Debt and Proceeds of Debt) address the purposes for which debt proceeds may be used.

B. The types of debt that may be issued.

Section 4 (Types of Financing Instruments; Affordable and Planning Policies), Section 5 (Structure of Debt) and Section 6 (Use of Alternative Debt Instruments) provide information regarding the types of debt that may be issued.
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C. The relationship of the debt to, and integration with, the issuer's capital improvement program or budget, if applicable.

Section 3.A (Acceptable Conditions for the Use of Debt) provides information regarding the relationship between the City’s debt and Capital Improvement Program.

D. Policy goals related to the issuer's planning goals and objectives.

As described in Section 2 (Background), Section 4 (Types of Financing Instruments; Affordable and Planning Policies), and other sections, this Policy has been adopted to assist with the City’s goal of maintaining fiscal sustainability and financial prudence.

E. The internal control procedures that the issuer has implemented, or will implement, to ensure that the proceeds of the proposed debt issuance will be directed to the intended use.

Section 3.D (Internal Control Procedures Concerning Use of Proceeds of Debt) provides information regarding the City’s internal control procedures designed to ensure that the proceeds of its debt issues are spent as intended.

Policy 5.7 Authorization for the Issuance and Countersigning of Warrants Pursuant to Chapter 3.04 of the Moorpark Municipal Code and Wire Transfer Authority
All check stock shall be kept in a locked and secure location with restricted access. Finance department staff shall treat all check stock as if it were cash. A log of all checks issued for printing shall be kept in a locked and secure location. The log shall contain: date of issue, check numbers issued and the initials of the Finance department staff who were issued the check stock.

Demand warrants shall be issued for payment of capital and operational expenses related to the purchase of goods, services, materials, supplies or equipment. Payroll warrants shall be issued to compensate employees for services rendered and to pay for: taxes, benefits, insurance and other related personnel costs.

All demand and payroll warrants are generated through the financial software system and signed with the facsimile signature of the City Manager and countersigned with the facsimile signature of the Mayor. The City Manager or the designee in absence of the City Manager authorizes issuance of such warrants. The Mayor delegates the authority of countersigning of warrants to Finance Director or designee in absence of the Finance Director.

Demand and payroll warrants are hereby authorized to be computer signed with the facsimile signature of the City Manager and computer countersigned with the facsimile signature of the Mayor. All checks shall be generated through the financial software system. The City Manager or the designee in absence of the City Manager authorizes issuance of such warrants. The Mayor delegates the authority of countersigning of warrants to Finance Director or designee in absence of the Finance Director. 127
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Prior to release of any warrants, a warrant register shall be approved by Finance Director or designee with concurrence of the City Manager or designee. If the City Manager to receive a check, then the Assistant City Manager shall approve the warrant register. If Finance Director to receive a check, then the designee shall approve the warrant register.

This policy strictly prohibits the use of hand-drawn checks. This policy strictly prohibits the signing of blank checks. This policy strictly prohibits checks written out to “CASH”. This policy strictly prohibits the manual signing of checks.

Wire transfers (WT), Electronic Fund Transfer (EFT) and Automated Clearing House (ACH) transactions are needed for various financial transactions of the City involving expenditures and investments. WT, EFT and ACH expenditure requests for which there is a City Council approved budget appropriation require two signatures, and shall be signed by the City Manager or designee in the absence of the City Manager and the Finance Director or designee in the absence of the Finance Director. WT, EFT and ACH expenditure requests that do not have an approved budget appropriation, and if it is over $50,000 must be approved by the City Council. WT, EFT and ACH requests for investment transactions are limited to $10 million per day and require two signatures: the City Manager or designee in the absence of the City Manager and the Finance Director or designee in the absence of the Finance Director.

This policy applies to the City of Moorpark (City), and Moorpark Watershed, Parks, Recreation and Conservation Authority (MWPRCA).

SECTION 6. POLICIES APPLICABLE TO PARKS, RECREATION AND COMMUNITY

SERVICES DEPARTMENT
Policy 6.1: Flag Etiquette

1. The City of Moorpark intends to follow Title 4, Chapter 1, (“The Flag”), Sections 6 - 9 of the United States Code, in the development and implementation of procedures consistent with and in support of the U.S. Flag Code. The City Council delegates to the Parks and Recreation Director or his/her designee the implementation of this Policy.

2. Flags will be lowered when so proclaimed by the President of the United States or Governor of the State of California and on these designated remembrance days:
• On Memorial Day, the last Monday in May, flags will be flown at half-staff from sunrise until noon; and on Peace Officers Memorial Day, May 15, flags will be flown at half-staff from sunrise to sunset, unless that day is also Armed Forces Day, the third Saturday in May.
• On Patriot Day (September 11) and National Pearl Harbor Remembrance Day (December 7), flags will be flown at half-staff from sunrise to sunset if the President issues a proclamation each year directing the flag of the United States to be flown at half-staff on September 11 and December 7. 128
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3. The City Council also authorizes flags to be flown at half-staff for the following circumstances:
• From the day of death to the day of interment for any currently seated Member of the City Council, Member of the City Council Elect or any previously seated Member of the City Council, not to exceed 14 calendar days. • Flags will be flown at half-staff from the day of death to the day of interment for any currently serving City Manager or City Department Head, not to exceed 14 calendar days.
• Flags will be flown at half-staff from the day of death to the day of interment for any City employee or local public safety officer killed in the line of duty, not to exceed 14 calendar days.

4. The City permits only the flying of the Flag of the United States of America, the Flag of the State of California, the Flag of the City of Moorpark at municipal facilities. The Flag of the National League of Prisoners of War/Missing in Action (POW/MIA), and the official Flags of branches of the United States Military are permitted to be flown at the Veterans Memorial Plaza. No other flags are permitted to be flown at municipal facilities or properties.

5. The flag policy for the City of Moorpark Police Services Center shall be consistent with this Flag Etiquette Policy and will also include the following provisions:
• Flags may be flown at half-staff and for the same length of time as followed by the Ventura County Sheriff’s Department (Sheriff), consistent with other facilities managed by the Sheriff, so long as the Sheriff’s Department is a tenant at the Police Services Center; and
• Flags may be flown at half-staff and for the same length of time as followed by the California Highway Patrol (CHP), consistent with other facilities managed by the CHP, so long as the CHP is a tenant at the Police Services Center.

Policy 6.2: Park Naming

1. The City Council will direct the Parks and Recreation Commission to make recommendations on names for all new park projects during or before park construction.

2. City parks may be named in a manner which identifies the geographic location of each park. The name of a street, or the street upon which the park is located, may be part of the park name. In special circumstances, parks may be named for individuals under the following conditions: for a City of Moorpark resident who has made significant contributions that enhance and improve the quality of life in Moorpark, or a prominent state or national figure who has had a positive impact on the lives of Moorpark residents. Park names may be designated to recognize a national or historical event.

3. The City Council will consider the Parks and Recreation Commission’s recommendations and will adopt the chosen park name by resolution. 129
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Policy 6.3: Standards of Conduct for City Recreation Facilities In order to provide an atmosphere of safety, courtesy, integrity and respect at City Recreation Facilities (including the Active Adult Center, Arroyo Vista Recreation Center, and Moorpark Library); the City of Moorpark has established a “Standards of Conduct Policy.” The details of the policy, its implementation, and updates to the policy as may be required from time to time are delegated to the Parks and Recreation Director or his/her designee. This policy applies to all participants, defined as individuals, contract instructors, facility users, organizations or groups, and volunteers using, gathering and/or participating in activities at or associated with City Recreation Facilities. Each participant, as described in the prior sentence, is responsible for regulating his or her own conduct in a positive, productive, and mature manner. In matters of general conduct, participants shall be governed by the ordinary and reasonable rules of behavior observed by law-abiding and self-respecting citizens. Participants shall comply with all established and adopted rules and procedures governing City buildings.

Policy 6.4: Allocation of Park Improvement Fee Payments Chapter 16.44 of the City’s Municipal Code, Public Parkland Dedications and/or Fees, includes requirements for the Amount of Fee in Lieu of Parkland Dedication (Section

16.44.050), and Limitation on Use of Land and Fees (Section 16.44.100). Ordinance No. 52, adopted on October 14, 1985, established a fee for new apartment houses and mobilehome parks for the purpose of providing park and recreational facilities to serve the future residents. Additionally, parks and recreation fees are required as a standard condition of approval for new commercial and industrial projects. The City Council has adopted by Resolution No. 2017-3656 two Park Improvement Fund Zones. Park Zone 1 is located north of Los Angeles Avenue and east of State Route 23. Park Zone 2 is located south of Los Angeles Avenue and west of State Route 23. The Park Improvement Fund Zone boundary map is included within the referenced resolution. This policy is intended to supplement Chapter 16.44 of the Moorpark Municipal Code and Ordinance No. 52 and formalize as policy of the City Council that fees paid in lieu of parkland dedication for residential subdivisions, apartment houses, mobilehome parks, and commercial and industrial projects (hereinafter referred to as park improvement fee payments) shall be deposited into the City’s Park Improvement Zone Funds and used as follows:

Sixty percent (60%) of park improvement fee payments will be placed in the Park Improvement Zone Fund in which the land development project I located and will be used for neighborhood park facilities within the Park Improvement Zone; and Forty percent (40%) of park improvement fee payments will be deposited in the Communitywide Park Improvement Fund and shall be expended for 1) improvements at Arroyo Vista Community Park; and 2) improvements at other City parks when such improvements are determined by a majority vote of the City Council to provide community-wide benefits to City residents.
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Policy 6.5: Recreation and Active Adult Programs and Services Cost Recovery Policy

1. Purpose
The purpose and intent of the City Council in adopting the Recreation and Active Adult Programs and Services Cost Recovery Policy is to provide direction to staff in calculating and establishing fees and charges for recreation programs, to establish a process to recover the appropriate portion of cost based on the recovery goals of the program, to provide a framework to modify or eliminate programs that do not meet the minimum cost recovery goals, and to determine the extent to which the General Fund will subsidize programs.

2. Program Costs
Costs for each program shall be divided into three categories: 1. direct costs; 2. division indirect costs; and 3. other indirect costs. Each cost category shall have established minimum and target cost recovery percentages. Costs for programs shall be defined as follows:
“Direct Costs” shall mean all costs directly associated with a program and charged to the program’s budget, and all part-time staff costs associated with direct staffing of a program.
“Division Indirect Costs” shall mean all division costs associated with the program and charged to the division budget, facility costs, and staff costs associated with planning and administration of the program.
“Other Indirect Costs” shall mean department overhead costs for the department director and his/her administrative staff and city-wide overhead costs associated with the operation of the division.

3. Revenue Sources
A variety of revenue sources may be used to meet a program’s designated cost recovery goal. The City Manager or his/her designee shall determine the most appropriate revenue sources to assign to a program. The City Manager or his/her designee shall have the authority to establish any fee(s), rates, or other charges associated with each program’s revenue source(s). Revenue sources include the following:

User Fees: Fees charged to the individual or team participating in a program, including admission fees and registration fees.

Sponsorships and Donations: Contributions in support of a specific program or service given to the City by private businesses or organizations.

Vendor Fees: Fees charged to vendors (such as food booths and arts and crafts booths) to participate in recreation programs.
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Grants: Funding received by the City from a public, private, or non-profit grant or subvention program.

Advertising and Promotional Fees: Fees charged for advertisements placed in recreation publications, temporary program or facility naming rights, providing program or service equipment or supplies baring the promoter’s name or logo, and providing ancillary items or printed materials baring the promoter’s name or logo.

4. Program Categories
Each recreation program and service offered by the Recreation Division shall be placed in a Program Category. A program shall be placed in the category that best defines the type, purpose, and structure of the program. Program Categories shall be defined as follows:

A. “Community Event” shall mean a community-wide event that meets all of the following criteria: 1) benefits the community as a whole; 2) appeals to broad segments of the community; 3) is traditionally offered by a public agency; 4) does not require advance registration to attend. Examples: Fireworks Extravaganza, Moorpark Arts Festival.

B. “Special Event” shall mean an event that meets the following criteria: 1) benefits a large segment of the community; 2) appeals to a specific demographic or population; 3) is typically offered by a public agency.

Examples: Easter Egg Hunt, Trick or Treat Village Bingo Bash, Teen events.

C. “Other Event” shall mean all other events that do not fall into Community or Special event categories. Example: Visits from Santa.

D. “Day Camp” shall mean a general camp program for youth that does not focus on a specific activity type or topic. Examples: Camp Moorpark, Adventure Camp.

E. “Recreation Classes and Specialty Camps” shall mean any class, workshop, or specialty camp that focuses on a specific activity type or topic and is instructional or developmental in nature. Examples: Beginning Ballet, Lego Engineering Camp, Tot Sports classes, Yoga.

F. “Active Adult Classes” shall mean any class or workshop offered at the Active Adult Center that focuses on a specific activity type or topic, is instructional or developmental in nature, provides a benefit to the participant’s mental or physical well-being, and requires a paid instructor or has a specific program materials requirement. Examples: Strength Training, Yoga, Art.

G. “Adult Sports Program” shall mean an intra-community sports program which is offered for individuals ages 18 and older, is recreational in nature, and is open to a variety of playing abilities. Examples: Adult softball league, soccer league.
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H. “Youth Sports Program” shall mean an intra-community sports program which is offered for individuals ages 17 and younger, is recreational in nature, and is open to all playing abilities. Example: Youth Basketball League.

I. “Tournaments and Competitions” shall mean an activity that offers a higher level of competition than typical recreation level programs. Sports tournaments, extreme challenge events, and timed bicycle or running events are included under this definition. Example: Softball tournament sponsored by the City.

J. “Vital Services” shall be defined as services or activities that are essential to the health and well-being of the individual or community, are typically offered by a public agency, and are not generally available to the public through other sources. Example: Women’s assault prevention clinic.

K. “Special Interest Groups” shall be defined as social gatherings that do not have a paid instructor or supervisor at which the group will: 1. Discuss topics of interest; 2. Provide emotional or social support to group members; or 3.

Work together on or participate in a common activity. Example: Book club.

5. Definition of Recovery Levels
Program Categories will be placed into recovery levels establishing the percentage of required minimum and target cost recovery the program. Levels are defined as follows:

A. Level One: Programs that are of a benefit to the whole community or are essential to the health and well-being of a target segment of the community, are typically provided by public agencies and not typically available through other providers, and require minimal commitment from participants (minimal time or financial investment is required, performance of program would not be altered by the absence of a single participant, and/or advance registration is not required.)
B. Level Two: Programs that provide a benefit to a targeted segment of the community, are often offered by public agencies, are limited in availability from other providers, and require minimal commitment from participants.

C. Level Three: Programs that provide both a community and individual benefit, are often offered by public agencies and may be available through other providers; and require some level of commitment from participants.

D. Level Four: Programs that have a greater individual than community benefit, may be offered by public agencies or private businesses or other providers, are instructional or recreational in nature, and require a strong commitment from the participant (substantial time or financial investment is required, performance of program may be altered by the absence of a participant, and/or advance registration is required.)
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E. Level Five: Programs that provide primarily an individual benefit and are specialized or competitive in nature.

6. Cost Recovery Matrix
In accordance with the Cost Recovery Levels, the following matrix has been developed. The minimum recovery indicates the percentage of costs that must be recovered in order to continue offering the program without modification. The target recovery indicates the percentage of costs that staff will attempt to recover through program fees and other revenue sources.

Programs and Levels
Minimum
Recovery
Target
Recovery
Minimum
Recovery
Target
Recovery
Minimum
Recovery
Target
Recovery
Level One: Includes:

Community Events (A)
Vital Services (J)
Level Two: Includes:

Special Events (B)
Active Adult Classes (F)
Special Interest Groups (K)
Level Three: Includes:

Day Camps (D)
Youth Sports Programs (H)
Level Four: Includes:

Recreation Classes and Specialty Camps (E)
Adult Sports Programs (G)
Level Five: Includes:

Other Events (C )
Tournaments and Competitions (I)
Direct Costs Division Indirect Costs Other Indirect Costs 25% 100% 0% 25% 0% 0%
50% 100% 0% 50%
100%
0%
100% 100% 50% 75%
0% 0%
0% 0%
50%
75% 100%
100% 100% 100%
25%
100%
100% 100%

7. Cost Recovery Implementation and Management
Division staff will establish, and the Department Director will approve, strategies for achieving cost recovery goals. Strategies will be implemented based on the best interests of maintaining a strong program and reaching the designated recovery goals within a period not to exceed one year. The process for cost recovery shall be as follows:

A. Each recreation program or service will be assigned to the appropriate Program Category, establishing the recovery level for the program.

B. Staff will determine appropriate revenue source(s) for the program and establish user fees, sponsorships/donations, vendor fees, and/or grant amounts necessary to meet minimum cost recovery.
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C. Programs will be reviewed annually to determine if they are meeting the minimum cost recovery percentage.

D. Programs that are unable to meet the minimum cost recovery will be reviewed by the Department Director for consideration of appropriate action, including restructuring or eliminating the program.

E. Programs that meet minimum cost recovery and do not exceed target recovery will not require action.

F. Programs that exceed target cost recovery will be reviewed to determine whether or not fees should be decreased, the program should be placed in a different Program Category or Recovery Level, or other action is needed.

G. An annual report will be presented to the Parks and Recreation Commission by October 31 and to the City Council by December 31 each year summarizing the programs offered during the prior fiscal year and whether cost recovery goals for each program were met.

8. Right of Exclusion
The City Manager is authorized to exclude individual programs from the Cost Recovery Policy. Said programs shall be budgeted as approved by the City Council.

Said programs shall not be required to meet Cost Recovery requirements and may operate below recovery levels for the program category, or without revenue sources.

Policy 6.6: Public Art in New City Public Facilities

1. Purpose
The purpose and intent of this policy is to ensure that the City of Moorpark’s public facilities include public art as a feature of the exterior or, in some cases, the interior building design. Consideration for the placement and type of public artworks shall be considered during the concept design phase of all new City public facility projects.

The Arts Commission (Commission) shall consider placement and type of public art and make a recommendation to the City Council prior to the Council’s consideration of the final design concept for the artwork. Artworks are as defined in City of Moorpark Municipal Code, Chapter 17.50.020.

2. Artwork Site Selection Planning
Staff shall consult with the Commission during the early stages of new public facility project development regarding site planning and possible placement of artworks.

3. Project Funding, Administration, and Management
Costs for each public art project shall be included in the capital improvement budget for each new public facility, as approved by the City Council. 135
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The primary source of funding for public art projects at new public facilities shall be the Art in Public Places Fund (Fund) or other sources as authorized by the City Council. This Fund is considered finite since future private developments are limited.

Policy 6.7: Authority to Establish Rules, Regulations, Policies, and Procedures for the Operation of City-Sponsored Recreation Programs

1. Purpose
The purpose and intent of the City Council in adopting this Policy is to delegate authority for establishing the rules, regulations, policies, and procedures necessary to operate City-sponsored recreation programs.

2. Authority Reserved for City Council
Policies, regulations, and procedures which govern the operation of recreation programs as a whole shall be established by City Council resolution, including specific policies within the City Council Policies Resolution and budget appropriations.

3. Authority Delegated to City Manager
The City Manager or his/her designee shall have the authority to establish rules and procedures for the operation of individual recreation programs or program categories, as defined in the Recreation Programs and Services Cost Recovery Policy. Adoption or amendment of user fees shall be consistent with applicable state law and City Council policies.

4. Administration and Enforcement
The City Manager or his/her designee shall have the authority to administer and enforce all recreation program rules, regulations, policies, and procedures.

SECTION 7. POLICIES ADMINISTERED BY PUBLIC WORKS DEPARTMENT Policy 7.1: Waiver of Street Sweeping Parking Restrictions for Vehicles Displaying Special Identification License Plates or Distinguished Placards for Disabled Persons, and Waiver of Street Sweeping Parking Restrictions on Designated City Holidays or Emergency Orders
It is the Council’s policy that vehicles displaying special identification license plates or distinguished placards for disabled persons, as defined in the Vehicle Code, shall be exempt from the City’s street sweeping parking restrictions.

It is also the Council’s policy that posted City street sweeping parking restrictions will not be enforced on City holidays designated by resolution of the Council for the closure of City offices or emergency orders issues by the Director of Disaster Services. 136
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Policy 7.2: City Public Sidewalk Inspection and Repair Program

1. Inspection: All public sidewalks are to be inspected at least once every 12 to 24 months, and the City Manager shall approve written administrative policies for a sidewalk inspection and repair program that includes an inspection schedule; inspection requirements that include a deficiency rating system, data collection and documentation requirements; repair solutions; and repair documentation requirements.

2. Maintenance Objective: All public sidewalks shall be maintained in good condition.

3. Repair Priority: An average vertical displacement between sidewalk abutments that is used to evaluate a “trivial defect” is ¾ inch. Any sidewalk defects causing a vertical separation of three-quarters of an inch (3/4”) or greater shall be scheduled for repair. Any visible displacement less than ¾ inch shall be documented and evaluated for possible hazards. Repair of a sidewalk deficiency in the vicinity of a sensitive location, such as adjacent to senior housing, a school, or high pedestrian use area shall be prioritized for repair.

4. Repair Solutions: The sidewalk inspection and repair program approved by the City Manager shall include sidewalk repair solutions and procedures.

Policy 7.3: Transit Security System Electronic File Retention Pursuant to Public Utilities Code Section 99164 and Government Code Section 34090.8 Pursuant to subdivision (a) of Public Utilities Code Section 99164 and Government Code Section 34090.8, the City Council has adopted the following findings for transit security system electronic file retention:

1. The City has made a diligent effort to identify a transit security system that is capable of storing recorded data for one year.

2. The technology to store recorded transit security data in an economically and technologically feasible manner for one year is not currently available, and such videotapes or recordings shall be preserved for as long as the installed technology allows.

3. The City has purchased and installed the best available technology with respect to storage capacity that is both economically and technologically feasible at this time.

4. The transit security videotapes or recordings that are evidence in any claim filed or any pending litigation shall be preserved until the claim or the pending litigation is resolved.

5. The transit videotapes or recordings that recorded an event that was or is the subject of an incident report shall be preserved until the incident is resolved. 137
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Policy 7.4: Crossing Guard Warrant
The warrant for the provision of a Crossing Guard at a roadway intersection in the City is as follows:

1. The traffic volume shall be greater than 250 vehicles per hour;

2. At least one of the roadways comprising the intersection shall have a minimum of four travel lanes; and

3. There shall be a minimum of 40 elementary school aged (grade K-5) pedestrians per hour.

Policy 7.5: Utility Street Cuts Restricted for Public Streets with New Rubberized, Conventional Asphalt Overlay or Slurry Seal
To protect and maintain the integrity and appearance of new overlay pavement on public streets, no utility street cuts will be permitted for a 5-year period following installation of a rubberized asphalt overlay; for a 5-year period following installation of a conventional asphalt overlay; and for a 3-year period following installation of a slurry seal or pavement resurfacing with the exception of a utility street cut for a bona fide emergency, as verified and approved by the City Engineer. In the event an emergency utility trench is approved, the pavement shall be required to be repaved for the entire width of the street (curb to curb or gutter to gutter), for a minimum of 50 feet from both sides of the trench, with pavement material that matches the existing street surface.

Policy 7.6: Fee for Cancellation of Parking Citations Relating to Disabled Persons Parking Zones
An individual who fails to properly display a distinguishing placard for disabled persons, as defined in Vehicle Code Section 22511.55, and is cited pursuant to the City of Moorpark Municipal Code Section 10.04.180 (Disabled persons parking zones), may request that the City consider the cancellation of said citation. This request may be approved by the City Manager or the City Manager’s designee as long as the City Manager or the City Manager’s designee is satisfied that a valid and current distinguishing placard was appropriately issued to and should have been displayed by the requesting individual at the time of citation.

Should the City Manager or the City Manager’s designee approve the request and cancel the citation, no fee shall be applied, providing it is the individual’s first such approved request during any consecutive twelve (12) month period. A fee pursuant to Vehicle Code Section 40226 shall be applied if the City Manager or the City Manager’s designee approves any subsequent requests, by the same individual, to cancel any citation of the same nature during any consecutive twelve (12) month period.

Policy 7.7: Engineering and Grading Policies and Standards In order to ensure that construction of improvements to the built environment are built according to defined engineering and grading standards and practices, the City has developed Engineering and Grading Policies and Standards in compliance with State law and the Moorpark Municipal Code. The Policies and Standards are intended to cover the 138
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subject matter areas associated with construction and development to provide direction and clarity to design engineers preparing construction documents for submittal to and approval by the City of Moorpark. The City Council delegates the implementation of Engineering and Grading Policies and Standards to the City Engineer/Public Works Director and authorizes the City Manager or his/her designee to approve changes to the Policies and Standards as necessary from time to time.

Policy 7.8: Review of Appealed Parking Citations
This policy is intended to be consistent with the applicable requirements in the California Vehicle Code, which shall be controlling. California Vehicle Code (CVC) §40215 and CVC §40230, and as such may be amended from time to time, describe three distinct steps for an individual wishing to appeal a parking citation. The three steps are summarized as follows:

1. The individual may request an initial review of the notice by the issuing agency (the individual then becomes an appellant).

2. If the appellant is not satisfied with the results of the initial review he/she may request an administrative hearing of the violation.

3. If the appellant is not satisfied with the outcome of the administrative hearing he/she may file an appeal through the Ventura County Municipal Court Small Claims Division-Parking Appeals (Court).

At any time during the process, the citation can be paid and the issue shall be closed. Late notices issued to appellants who are recorded as being in the process for appealing a citation are suspended until the final outcome has been determined. Any additional procedures for appealing a parking citation in the City may be approved by the City Manager consistent with this policy. Currently, the Public Works Department provides initial review of citations issued by designated City employees. The Moorpark Police Department (Ventura County Sheriff’s Office) provides initial review of citations issued by designated Police Department employees. The process for review of appealed parking citations, implementation of the review process, and revisions as needed from time to time is delegated to the City Engineer/Public Works Director.

SECTION 8. This Council Policies resolution shall be updated from time to time as needed but not less often than following each General Municipal Election. The revised resolution will be presented to the City Council for review and adoption.

SECTION 9. The City Manager shall have the authority to determine that certain policies and procedures are applicable to appointees, independent contractors, and/or volunteers, such as those who may regularly work on City premises, and may require compliance.

SECTION 10. City Council Resolution No. 2026-4379 is hereby rescinded.

SECTION 11. The City Clerk shall certify to the adoption of this resolution and shall cause a certified resolution to be filed in the book of original resolutions.

PASSED AND ADOPTED this ____ day of ________, 2026.
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Chris R. Enegren, Mayor
ATTEST:

Ky Spangler, City Clerk
140

MOORPARK ADMINISTRATION, FINANCE AND PUBLIC SAFETY

COMMITTEE AGENDA REPORT
TO: Administration, Finance and Public Safety Committee (AFPS) FROM: Hiromi Dever, Finance Director
DATE: 09/02/2026 Regular Meeting
SUBJECT: Consider Annual Review of the City of Moorpark’s Investment Policy Resolution for Fiscal Year 2026/27

SUMMARY
California Government Code Section 53646 states that local agency treasurers or chief fiscal officers may annually render an investment policy to their legislative bodies and oversight committees. In addition, state law requires that the City Council delegate investment authority to the City Treasurer for a one-year period, renewable annually. The City Council has determined that adopting and annually reviewing an investment policy is sound financial management and prudent public policy, and typically does so each June. The City Council policies state the Administration, Finance and Public Safety (AFPS) Committee reviews the Investment Policy prior to consideration by the entire City Council. This Policy is being presented for the Committee’s review in accordance with these Policy provisions.

DISCUSSION
The Investment Policy (“Policy” or “Investment Policy”), as set forth by the City, provides the guidelines for prudent investment of City funds, and outlines the policies essential to ensuring the safety and strength of the City’s investment portfolio. The Policy guidelines meet all statutory requirements governing the investment of public funds. Further, the Policy provides for specific internal control procedures to ensure the safekeeping and security of City funds.

Item: 4.B.
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A strong investment policy encompasses the cash, treasury, and investment management functions of an agency. It serves as a guide for setting and achieving program objectives, defines rules and establishes performance benchmarks, and reduces the exposure to liability of both the investment staff and the governing board. It is also important to note that rating agencies will pay close attention to an agency’s investment policy and portfolio when and if determining its credit rating.

City investments are made only in those instruments specifically authorized by the California Government Code section, primarily Sections 53600, 16429.1, and 53684 et seq. of the Government Code. Within these legal guidelines, primary objectives of the City’s Investment Policy and Treasurer’s goals and strategies in managing the City’s portfolio are:
• Safety - To safeguard the funds under the Treasurer’s control; • Liquidity - To meet short-term cash needs;
• Diversity - To reduce the portfolio’s risk; and
• Yield - To maximize the overall return.

Staff has performed a thorough review of the City’s Investment Policy by completing the following due diligence:
• Review of peer agency investment policies certified by the California Municipal Treasurers Association (CMTA) for best practices comparisons • Review of all relevant California Government Code Sections and the Moorpark Municipal Code, for compliance with applicable guidelines pertaining to cash management and investment practices
• Analysis of “Local Agency Investment Guidelines,” California Debt and Investment Advisory Commission (CDIAC), January 1, 2026, update
The current portfolio below, as of June 30, 2026, are within the guidelines of the Policy and provide adequate funding sources for City operations and capital improvement projects.

Account Description Balance Percentage
Local Agency Investment Fund (LAIF) $ 12,578,821.03 9.68% Ventura County Pool $ 15,647,731.55 12.04%
Wells Fargo CDs $ 10,290,000.00 7.92%
Wells Fargo US Treas/Securities $ 82,875,444.49 63.77%
Wells Fargo Money Market $ 8,572,972.87 6.60%
Total Investment $ 129,964,969.94 100.00%
The construction of the new library began during the Fiscal Year (FY) 2025/26, making a significant step forward in the project timeline. As it moves into the active construction 142
Moorpark Administration, Finance and Public Safety Committee 09/02/2026 Regular Meeting

phase, it is anticipated there will be an increased need for liquidity over the next few years to accommodate payment schedules. Ensuring access to readily available funds will be critical to supporting the smooth execution of the project and meeting financial obligations in a timely manner.

Based on the current portfolio balance and the City’s cash flow needs, staff determined that it is not necessary to maintain a higher Money Market allocation of 25% and recommends reducing the allocation to 20%. This allocation, together with funds held in LAIF and in Ventura County Pool, provides sufficient portfolio liquidity, ensuring that adequate cash is readily available to meet project related expenditures without the need to liquidate longer-term investments at inopportune times. In addition, the current yield on the Money Market account is lower than the rates available through LAIF and Ventura County Pool; therefore, reinvesting maturing securities with higher yielding investments is desirable. As of June 30, 2026, the City held $8,572,972.87 or 6.6% in the Wells Fargo Money Market.

ENVIRONMENTAL DETERMINATION
This action is exempt from the California Environmental Quality Act (CEQA) as it does not constitute a project, as defined by Section 15378 of the State CEQA Guidelines.

Therefore, no environmental review is required.

FISCAL IMPACT
There is no direct impact associated with the approval of the proposed Policy.

COUNCIL GOAL COMPLIANCE
This action does not support a current strategic directive.

STAFF RECOMMENDATION
Recommend approval of the Investment Policy to the City Council and reducing the aggregate investment in money market funds at 20% of the City’s total portfolio.

Attachment: Draft Resolution No. 2026-____
Exhibit A – Draft City of Moorpark Fiscal Year 2026/27 Investment Policy 143
RESOLUTION NO. 2026-

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

MOORPARK, CALIFORNIA, ADOPTING THE ANNUAL
INVESTMENT POLICY FOR FISCAL YEAR 2026/27 AND
RESCINDING RESOLUTION NO. 2025-4333
WHEREAS, on _______, 2026, the City Council reviewed and adopted the City of Moorpark’s annual Investment Policy, which is applicable to the City and its related entities for which the members of the City Council serve as the governing body (the “Related Entities”); and
WHEREAS, a staff report has been presented to the Council requesting adoption of the annual Investment Policy; and
WHEREAS, the Investment Policy describes the investment of City funds in compliance with the Municipal Code and state law, and, therefore, the Investment Policy is to be hereby submitted to an oversight committee in compliance with state law; and WHEREAS, the Administration, Finance and Public Safety Standing Committee reviewed this Investment Policy on September 2, 2026, and recommended the City Council adopt the Policy to reducing the aggregate investment in money market funds to 20% of the City’s total portfolio; and
WHEREAS, Investment Policy Resolution No. 2025-4333 is proposed to be rescinded and an updated Investment Policy Resolution adopted.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS:

SECTION 1. The annual Investment Policy attached hereto as “Exhibit A” has been reviewed in a public meeting and is hereby adopted.

SECTION 2. The City Council, for itself and as the legislative body of the Related Entities, hereby delegates its investment authority with respect to the funds of the City and the Related Entities to the City Treasurer-Finance Director (acting in the capacities of City Treasurer and treasurer of the Related Entities).

SECTION 3. City Council Resolution No. 2025-4333 is hereby rescinded.

SECTION 4. The City Clerk shall certify to the adoption of the resolution and shall cause a certified resolution to be filed in the book of original resolutions.

PASSED AND ADOPTED this ____ day of _____, 2026.

ATTEST: Chris R. Enegren, Mayor
Ky Spangler, City Clerk
Attachment: Exhibit A – City of Moorpark Fiscal Year 2026/27 Investment Policy

ATTACHMENT
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CITY OF MOORPARK
FISCAL YEAR 2026/27

INVESTMENT POLICY

1.0 Introduction. The purpose of this document is to identify various policies and procedures that enhance opportunities for a prudent and systematic investment policy and to organize and formalize investment-related activities of the City of Moorpark, Successor Agency to the Moorpark Redevelopment Agency and Moorpark Public Financing Authority. As used in this policy, the term “City” may refer to the City, or the City and its related entities for which the members of the City Council serve as the legislative body, as the context may require. Related activities which comprise good cash management include accurate cash projections, the expeditious collection of revenue, the control of disbursements, cost-effective banking relations, and arranging for a short-term borrowing program, which coordinates working capital requirements and investment opportunities.

2.0 Policy. It is the policy of the City of Moorpark to invest public funds not required for immediate day-to-day operations in accordance with the principals of sound treasury management and the provisions of California Government Code § 53600 et seq., the Municipal Code and this policy.

3.0 Scope. This policy applies to all investment activities of the City of Moorpark, except for the proceeds of certain debt issues that are invested and managed by trustees appointed under indenture agreements.

3.1 Pooled Investments. Investments for the City and its component units will be made on a pooled basis, including the City of Moorpark, the Successor Agency to the Moorpark Redevelopment Agency, and the Moorpark Public Financing Authority.

All pooled funds are accounted for in the Annual Comprehensive Financial Report of the City of Moorpark. Funds include the General Fund, Special Revenue Funds, Debt Service Fund, Capital Projects Funds and Trust and Agency Funds.

3.2 Investments held separately. Investments of bond proceeds will be held separately when required by the bond indentures or when necessary to meet arbitrage regulations. If allowed by the bond indentures, or if the arbitrage regulations do not apply, investments of bond proceeds will be held as part of the pooled investments.

4.0 Objectives. Section 53600.5 of the California Government Code outlines the primary objectives of a trustee investing public money. The primary objectives, in order of priority, of the City’s investment activities shall be:
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4.1 Safety. Safety of principal is the foremost objective of the investment program. Investments shall be undertaken in a manner that seeks to ensure preservation of capital in the overall portfolio.

4.2 Liquidity. The City’s investment portfolio will remain sufficiently liquid to enable the City to meet all operating requirements which might be reasonably anticipated. This is accomplished by maintaining a portion of the portfolio in money market funds and the State Local Agency Investment Fund with immediate withdrawal provisions. The City’s practice is to buy and hold instruments to maturity, since all cash demands cannot be forestalled, the portfolio will include securities with active secondary or resale markets should the need to sell prior to maturity arises.

4.3 Yield. Investment return becomes a consideration only after the basic requirements of safety and liquidity have been met.

The investment portfolio shall be designed with the objective of attaining a market rate of return throughout budgetary and economic cycles while adhering to the list of authorized investments.

5.0 Duties and Responsibilities. The State of California gives the City Council, in its capacity as legislative body of the City and its related entities, the ability to delegate the investment authority to the City Treasurer (acting in the capacities of City Treasurer and treasurer of the City’s related entities) for a one-year period in accordance with section 53607 of the California Government Code. The delegation will require renewal each year. So long as the City Council’s annual delegation of investment authority pursuant to California Government Code section 53607 to the City Treasurer is effective, no person may engage in investment transactions unless directed by the City Treasurer, or in the absence of such effective delegation, unless directed by the City Council.

In the execution of this delegated authority, the City Treasurer may establish accounts with well qualified, financially sound financial institutions and/or brokers/dealers for the purpose of completing investment transactions in accordance with this policy. The criteria used to select qualified financial institutions and broker/dealers for effecting purchases of authorized investments are identified in Section 14 of this policy. The criteria used to select qualified financial institutions for the custody of the City’s investments are identified in Section 16 of this policy.

The City Treasurer (acting in the capacities of City Treasurer and treasurer of each Cityrelated entity) may designate in writing a Deputy City Treasurer, who in the absence of the City Treasurer, will assume the City Treasurer’s duties and responsibilities. The City Treasurer shall retain full responsibility for all transactions undertaken under the terms of this policy.

Pursuant to Section 53607 of the California Government Code, so long as the City Council, in its capacity as legislative body of the City and its related entities, has 146
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delegated its investment authority to the City Treasurer (acting in the capacities of City Treasurer and treasurer of the City’s related entities) and such delegation is in full force and effect as described in Section 18.2 of this policy.

The City Treasurer may annually or when a change is made render a statement of investment policy to the City Council to be considered at a public meeting.

Pursuant to Sections 53607 and 53646 of the California Government Codes, the City Treasurer shall submit reports to the City Council as described in Section 18.1 of this policy.

6.0 Prudence. Section 53600.3 of the California Government Code identifies the legal standard applicable to the City Council, as legislative body of the City and its related entities, and to those persons authorized to make investment decisions on behalf of a local agency and Section 53600.3 deems the legislative body and such authorized persons to be trustees, and therefore fiduciaries subject to the “prudent investor” standard. As a trustee and fiduciary, the standard of prudence to be used shall be the “prudent investor” standard and shall be applied in the context of managing the overall portfolio. Specifically, as set forth in Section 53600.3, when investing, reinvesting, purchasing, acquiring, exchanging, selling, or managing public funds, the City Council, as legislative body of the City and its related entities, and other persons authorized to make investment decisions on its behalf, shall act with care, skill, prudence, and diligence under the circumstances then prevailing, including but not limited to the general economic conditions and the anticipated needs of the agency, that a prudent person acting in a like capacity and familiarity with those matters would use in the conduct of funds of a like character with like aims, to safeguard the principal and maintain the liquidity needs of the agency.

Investment officers acting in accordance with written procedures and the investment policy and exercising due diligence shall be relieved of personal responsibility for an individual security’s credit risk changes or market price changes, provided deviations from expectations are reported in a timely manner and appropriate action is taken to control adverse developments.

7.0 Ethics and Conflicts of Interest. All participants in the City’s investment process shall seek to act responsibly as custodians of the public trust. Officers and employees involved in the investment process shall refrain from personal business activity that could conflict with proper execution of the investment program, or which could impair their ability to make impartial investment recommendations and decisions.

Employees and investment officials shall make all disclosures appropriate under the Fair Political Practices Act and may seek the advice of the City Attorney and the Fair Political Practices Commission whenever there is a question concerning personal financial or investment positions that could represent potential conflicts of interest. 147
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8.0 Authorized Investments.

8.1 Pooled Investments. The City Treasurer may invest City funds in the following instruments as specified in the California Government Code, section 53601, subject to the limitations set out in that section and as further limited in this policy. See also Section 12.0 for limitations on issuer concentration for certain types of investments authorized under this Section 12.0. Investments will be made only in readily marketable securities actively traded in the secondary market.

8.1.1 U.S. Treasury Bills, Notes and Bonds: provided that the stated final maturity of such security does not exceed five (5) years from the date of purchase.

8.1.2 Federal Agency debentures and mortgage-backed securities with a final maturity not exceeding five (5) years from the date of purchase issued by the Government National Mortgage Association (GNMA).

8.1.3 Federal Instrumentality (government sponsored enterprise) debentures, discount notes, bullets, callables and step-up securities, with a final maturity not exceeding five (5) years from the date of purchase, issued by the following only: Federal Home Loan Banks (FHLB), Federal National Mortgage Association (FNMA), Federal Farm Credit Bureau (FFCB), Federal Home Loan Mortgage Corporation (FHLMC), and Federal Agricultural Mortgage Corporation (FAMCA).

8.1.4 Time Certificates of Deposit, nationally or state-chartered banks; savings or federal associations; or state or federal credit unions: Deposits should not exceed five-year maturity and shall be collateralized as specified in paragraph 9.0 of this policy or FDIC or NCUA insured up to $250,000. Section 12.0 of this policy applies with respect to issuerconcentration limits.

8.1.5 Negotiable Certificates of Deposit issued by nationally or statechartered banks; savings or federal associations; state or federal credit unions; or federally licensed or state licensed branches of foreign banks.

Purchases may not exceed 30% of the portfolio and final maturity may not exceed five (5) years from date of purchase. Section 12.0 of this policy applies with respect to issuer-concentration limits.

8.1.6 Banker’s Acceptances, Foreign/Domestic, with a minimum rating of “A1” by S&P Global Ratings or “P1” by Moody’s Investors Service, Inc. (prime) rating provided that the acceptances are eligible for purchase by the Federal Reserve System and the maturity does not exceed 180 days maturity or 40% of the total portfolio. Section 12.0 of this policy applies with respect to issuer-concentration limits.
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8.1.7 Commercial Paper: Short-term instruments with a maximum maturity of 270 days or less, an “A1/P1” (prime) rating or better, with fixed coupons, fixed maturity and no call provisions and meeting all of the additional conditions in either paragraph (A) or (B) below. (A) The issuer is a general corporation organized and operating within the United States, has total assets in excess of five hundred million dollars, and has debt other than commercial paper, if any, that is rated in a rating category of “A” or its equivalent or higher by a nationally recognized rating agency.
(B) The issuer is organized within the United States as a special purpose corporation, trust, or limited liability company; has programwide credit enhancements including, but not limited to, overcollateralization, letters of credit, or a surety bond, and has commercial paper that is rated “A1/P1” (prime) or better by a nationally recognized rating agency.

Purchases of commercial paper may not exceed 25% of the portfolio.

Section 12.0 of this policy applies with respect to issuer-concentration limits.

8.1.8 Medium-term Corporate Notes of a maximum of five years until maturity issued by corporations organized and operating within the United States and rated in the rating category of “A-” or better of Moody’s Investors Service, Inc. and S&P Global Ratings. Purchases may not exceed 30% of the portfolio. Section 12.0 of this policy applies with respect to issuer-concentration limits.

8.1.9 Repurchase Agreements with a maximum maturity of one year.

Repurchase Agreements will only be with primary dealers of the Federal Reserve Bank of New York, and who have long-term debt rated in the “AAA” or “AA” categories of Moody’s Investors Service, Inc. or S&P Global Ratings. Investments will be collateralized as specified in paragraph 9.0 of this Investment Policy. Section 12.0 of this policy applies with respect to issuer-concentration limits.

8.1.10 Money Market Funds registered under the Investment Company Act of 1940 which (1) are “no-load” (meaning no commission or fee shall be charged on purchases or sales of shares); (2) have a constant daily net asset value per share of $1.00; (3) invest only in the securities and obligations authorized in this investment policy and (4) have a rating of at least two of the following: AAAm by S&P Global Ratings, Aaa by Moody’s or AAA/V1+ by Fitch. The aggregate investment in money market funds shall not exceed 20% of the City’s total portfolio. Section 12.0 of this policy applies with respect to issuer-concentration limits.
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8.1.11 County Pooled Investment Funds in accordance with the laws and regulations governing those Funds and State law (GC 53684).

8.1.12 State of California pooled “Local Agency Investment Fund” in accordance with the laws and regulations governing those Funds and State law (GC 16429.1 et seq.).

8.1.13 Insured deposits: Deposits not exceeding $250,000 shall be permitted only in those nationally or state-chartered banks, savings or federal associations, or state or federal credit unions that are active members of the Federal Deposit Insurance Corporation (FDIC) and provided that the final maturity does not exceed five (5) years from date of purchase. Section 12.0 of this policy applies with respect to issuerconcentration limits.

8.1.14 The “Sweep” account for the overnight investment of idle funds shall be subject to this policy.

8.1.15 City of Moorpark bonds, or bonds issued by its related entities for which the members of the City Council serve as the legislative body, provided that the stated final maturity of such security does not exceed five (5) years from the date of purchase. Section 12.0 of this policy applies with respect to issuer-concentration limits.

8.1.16 Registered state warrants, treasury notes or bonds of the State of California. Registered treasury notes or bonds from any of the remaining 49 States. The stated final maturity of such security shall not exceed five (5) years from the date of purchase. Rated in the rating category of “A-” or “A-1” or better of Moody’s Investors Service, Inc. or Standard & Poor’s (S&P) Global Ratings. Section 12.0 of this policy applies with respect to issuer-concentration limits.

8.1.17 Bonds, notes, warrants, or other indebtedness of any local government agency within California. The stated final maturity of such security shall not exceed five (5) years from the date of purchase. Rated in the rating category of “A-” or “A-1” or better of Moody’s Investors Service, Inc. or S&P Global Ratings. Section 12.0 of this policy applies with respect to issuer-concentration limits.

8.1.18 Supranational Organizations Securities, Limited to United States dollar denominated senior unsecured unsubordinated obligations issued or unconditionally guaranteed by: International Bank for Reconstruction and Development (IBRD), International Finance Corporation (IFC), and Inter-American Development Bank (IADB). The stated final maturity of such security shall not exceed five (5) years from the date of purchase.

Rated in the rating category of “AA” or its equivalent or higher by a nationally recognized rating agency. Purchases may not exceed 30% of 150
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the portfolio. Section 12.0 of this policy applies with respect to issuerconcentration limits.

8.2 Investments held separately. Investments of bond funds will be made in conformance with the trust indenture for each issue. Such investments will be held separately when required.

9.0 Collateralization. Investments in time certificates of deposit shall be fully insured for the entire term of the certificate by the Federal Deposit Insurance Corporation (FDIC). The FDIC limit has been established by the Congress at $250,000.00.

Investments in time certificates of deposit, or deposits not insured in accordance with Section 8.1.13 of this policy, in excess of the limit shall be properly collateralized in accordance with California Government Code section 53630 et seq. (constituting Article 2 of Chapter 4 of Part 1 of Division 2 of Title 5 of the California Government Code).

Without limiting the foregoing, Section 53652 of the California Government Code requires that the depository pledge securities with a market value of at least 10% in excess of the City’s deposit as collateral in government securities, and 50% in excess of the deposit as collateral in mortgage pools. Section 53649 of the California Government Code specifies that the City Treasurer is responsible for entering into deposit contracts with each depository.

Investments in repurchase agreements must also be collateralized. In order to anticipate market changes and provide a level of security for all funds, the collateralization level will be 102% or greater of market value of principal and accrued interest.

10.0 Unauthorized Investments/Investment Activities. Section 53601.6 of the California Government Code prohibits the following investments: inverse floaters, range notes, or mortgage-derived, interest-only strips.

10.1 No investment will be made that has either (1) an embedded option or characteristic which could result in a loss of principal if the investment is held to maturity, or (2) an embedded option or characteristic which could seriously limit accrual rates or which could result in zero accrual periods.

10.2 No investment will be made that could cause the portfolio to be leveraged.

11.0 Investment Strategy.

11.1 Pooled Investments. A buy and hold strategy will generally be followed; that is, pooled investments, once made, will usually be held until maturity. A buy and hold strategy will result in unrealized gains or losses as market interest rates fall or rise from the coupon rate of the investment. Unrealized gains or losses, however, will diminish as the maturity dates of the investments are approached or as market interest rates move closer to the coupon rate of the investment. A buy and hold strategy requires that the portfolio be kept sufficiently liquid to preclude the undesirable sale of investments prior to maturity. Occasionally, the 151
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City Treasurer may find it advantageous to sell an investment prior to maturity, but this should be only on an exception basis and only when it is clearly favorable to do so.

11.2 Investments held separately. Investments held separately for bond proceeds will follow the trust indenture for each issue.

12.0 Diversification. To the extent feasible the portfolio will be diversified to avoid incurring unreasonable and avoidable risks regarding specific security types or individual financial institutions. In addition to the limitations on specific security types indicated in Section 8.0 of this Investment Policy, and with the exception of U.S.

Treasury/Federal agency securities and authorized pools, for each type of investment, no more than five percent (5%) of the City’s portfolio will be placed with a single issuer.

13.0 Maximum Maturities. To the extent possible, the City will attempt to match its investments with anticipated cash flow requirements. Unless matched to a specific cash flow, the City will not directly invest in securities with a final stated maturity date of more than five (5) years from the date of purchase settlement. The intent to invest in securities with longer maturities shall be disclosed in writing to the City Council.

13.1 Callable investments will be recorded at their maturity dates.

13.2 Investments Held Separately. Maturities for investments held separately will conform to the trust indenture for each issue.

14.0 Selection of Financial Institutions and Broker/Dealers. Investments shall be purchased only through well established, financially sound institutions meeting the requirements of California Government Code sections 53601.5 or 53601.8, as applicable. The City Treasurer shall maintain a list of financial institutions and broker/dealers approved for investment. All financial institutions and broker/dealers who desire to become qualified bidders for investment transactions will be given a copy of the City’s Investment Policy, and a return cover letter which must be signed indicating that the investment policy has been read and understood. Qualified financial institutions and broker/dealers must supply the City Treasurer with the following:

14.1 Financial Institutions.
• Current audited financial statements.
• Depository contracts, as appropriate.
• A copy of the latest FDIC call report.
• Proof that commercial banks, savings banks, or savings and loan associations are state or federally chartered.

14.2 Broker/Dealers.
• Current audited financial statements.
• Proof that brokerage firms are members in good standing of a national securities exchange.
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15.0 Purchase, Payment, and Delivery. A competitive bid process, when applicable or practical, will be used to place all investment transactions. This does not apply to investment pools. Purchases on margin will not be made. Payment for securities will be done on a Delivery Versus Payment (DVP) basis via the City’s custodian. Delivery of securities will be made to the City in accordance with the third-party custodial agreement.

16.0 Safekeeping and Custody. All security transactions, including collateral for repurchase agreements, entered into by the City shall be conducted on a delivery-vs.- payment basis. All securities owned by the City will be held by a third-party custodian meeting the requirements of California Government Code section 53608 and designated by the City Treasurer, and the securities will be evidenced by a monthly statement from the custodian. Collateral for time deposits in savings and loans will be held by the Federal Home Loan Bank of an approved Agent of Depository. Collateral for time deposits in banks will be held in the City’s name in the bank’s Trust Department or in the Federal Reserve Bank.

17.0 Performance Standard. The Treasurer or designee shall be responsible to regularly monitor and evaluate investment performance to attain a market-average rate of return throughout budgetary and economic cycles, commensurate with the investment risk constraints and the cash flow needs. The rate of return of the investment portfolio will be based on the maturity value of the investments.

18.0 Reporting. Pursuant to California Government Code sections 53646(b) and 53607, respectively, City Treasurer may render a quarterly investment report and shall make a monthly transactions report in accordance with subsections 18.1 and 18.2, respectively, below.

18.1 Quarterly Investment Report. Section 53646(b) of the California Government Code allows a quarterly investment report be submitted to the City Council. This quarterly report shall be submitted within 30 days following the end of the quarter covered by the report.

18.1.1 Pooled Investments. The quarterly investment report shall be submitted by the City Treasurer within 30 days following the end of the quarter covered by the report. The quarterly report shall include the following elements:
• Itemized listing of portfolio investments by type, date of maturity, and issuer.
• Par value, dollar amount invested, amortized cost, and current market value as of the date of the report will be given for the total of all securities, investments, and moneys held by the City and its component units. The source of the market values will be cited. • Investment transactions for the reporting period.
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• Statement that the investment portfolio has the ability to meet the City’s cash flow demands for the next six (6) months, or an explanation as to why sufficient money shall, or may not be available.
• Statement of compliance of the portfolio with the City’s Investment Policy. When applicable, any material exceptions will be noted.

18.1.2 Investments Held Separately. A report of investments held separately may be rendered quarterly within 30 days following the end of the quarter submitted as an exhibit in the City Treasurer’s quarterly investment report. The quarterly investment report shall contain the information required by section 53646 when available.

18.2 Monthly Transactions Reports. Section 53607 of the California Government Code states that the authority of City Council to invest or to reinvest funds of the City, or to sell or exchange securities so purchased, may be delegated for a one-year period by the City Council to the City Treasurer, who shall thereafter assume full responsibility for those transactions until the delegation of authority is revoked or expires, and shall make a monthly report of those transactions to the City Council.

19.0 Short-term Borrowing. The City is permitted by law to borrow money to meet current short-term cash flow needs. These needs may arise either because projected cash disbursements exceed projected cash receipts, or because the City’s cash accounts may be temporarily overdrawn due to the efforts to invest 100% of inactive funds at all times. To provide for these contingencies the City Treasurer is authorized to take the following actions, in each instance subject to compliance with applicable California law authorizing and establishing limitations on such borrowings:

19.1 Short-term Loan. When there is a shortfall between projected cash revenues and projected cash disbursements, the City Treasurer will secure a loan in the amount that would equal the cash deficit plus projected cash disbursements for one month. Any such loan will be repaid within one year.

19.2 Line of Credit. The City Treasurer may maintain a line of credit with the City’s bank in an amount to cover sums temporarily overdrawn because of efforts to invest all inactive funds at all times.

20.0 Exceptions. Occasionally, exceptions to some of the requirements specified in this Investment Policy may occur for pooled investments because of events subsequent to the purchase of investment instruments, e.g. the rating of a corporate note held in the portfolio is downgraded below an “AA” rating, or total assets in the portfolio decline causing the percentage invested in corporate notes to rise above 30%.

State law is silent as to how exceptions should be corrected. Exceptions may be temporary or more lasting; they may be self-correcting or require specific action. If 154
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specific action is required, the City Treasurer should determine the course of action that would correct exceptions to move the portfolio into compliance with State and City requirements. Decisions to correct exceptions should not expose the assets of the portfolio to undue risk and should not impair the meeting of financial obligations as they fall due. Any subsequent investments should not extend existing exceptions.

21.0 Internal Control. The City Treasurer shall establish an annual process of independent review by an external auditor. This review will provide internal control by assuring compliance with policies and procedures.

22.0 Investment Policy Adoption. California Government Code § 53646(a)(2) states that a City Treasurer may annually render to the City Council a statement of investment policy, which shall consider at a public meeting. Any change in the policy shall also be considered by the City Council at a public meeting.

23.0 Social Responsibility. Investments in corporate securities and depository institutions shall be made in compliance with socially responsible goals to the extent that such investments achieve substantially equivalent safety, liquidity and yield compared to investments permitted by state law. Investments are to be made that will bear in mind the responsibility of city government to its citizens. Investments that support community well-being; promote equality of rights regardless of sex, race, age, disability or sexual orientation; and promote community economic development, positive impact on the environment, fair workplace practices, robust corporate governance, high product integrity and positive community involvement will be given consideration. 155
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INVESTMENT POLICY

GLOSSARY
Administrator of Local Agency Security: The State office or entity designated by California Government Code section 53661 from time to time to approve and authorize “agents of depositories” to hold securities that secure and collateralize local agency deposits. Currently, the “Administrator of Local Agency Security” is the California Commissioner of Business Oversight.

Agent of Depository: Any one of the following entities that is duly authorized pursuant to California Government Code section 53657 and by the Administrator of Local Agency Security to hold securities that secure and collateralize a local agency’s deposits, as more specifically designated by the local agency’s treasurer in the applicable contract for deposit of the local agency’s funds under California Government Code section 53649: a trust company located within the State of California, the trust department of a bank located in the State of California, or the Federal Home Loan Bank of San Francisco.

Amortized Cost: The cost of investments adjusted for amortized premiums and discounts. Amortized cost is used to maintain comparability with market value.

Arbitrage Regulation: The law to control the use of profit making by purchasing securities on one market for immediate resale on another in order to profit from a price difference.

Ask: The price at which securities are offered.

Bankers’ Acceptances (BA): A time draft of invested funds that have been drawn on and accepted for repayment by a bank. By accepting the draft (investment of City funds), the bank is liable for the payment at maturity. The credit worthiness of Bankers’ Acceptances is enhanced because they are secured by the issuing bank, the goods themselves, and the importer. This financial instrument is short-term, not more than 180 days and is sold on a discounted basis.

Bear Market: A period of generally pessimistic attitudes and declining market prices.

Bid: The price offered for securities.

Bond: An interest-bearing security issued by a corporation, government, governmental agency or other body, which can be executed through a bank or trust company. A bond is a form of debt with an interest rate, maturity, and face value, and is usually secured by specific assets. Most bonds have a maturity of greater than one year, and generally pay interest semiannually.

Bond Indenture: Written agreement specifying the terms and conditions for issuing bonds, including; the form of the bond, the maturity date and payment schedule with 156
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interest rate, call provisions and protective covenants, if any, collateral pledged, and other terms. Obligations of the bond issuer are identified as well as the trustee’s responsibility for ensuring that interest payments are made to registered bondholders.

Bond Rating: The classification of a bond’s investment quality.

Book Value: A term synonymous with amortized cost.

Broker: A broker brings buyers and sellers together for a commission paid by the initiator of the transaction or by both sides; a broker does not position. In the money market, brokers are active in markets, in which banks buy and sell money, and in interdealer markets.

Bull Market: A period of generally optimistic attitudes and increasing market prices.

Bullet Bond: A debt instrument whose entire face value is paid at once on the maturity date. Bullet bonds are non-callable. Bullet bonds cannot be redeemed early by an issuer, so they pay a relatively low rate of interest because of the issuer's exposure to interest-rate risk. Both corporations and governments issue bullet bonds, and bullet bonds come in a variety of maturities, from short- to long-term.

Buy and Hold: Management strategy in which the intent is to hold each security until maturity.

Callable Bond: A bond that can be redeemed by the issuer prior to its maturity.

Sometimes, a premium is paid to the bond owner when the bond is called. It is also known as a "redeemable bond." The main cause of a “call” is a decline in interest rates.

If interest rates have declined since an issuer first issued the bonds, it will likely want to refinance this debt at a lower rate of interest. In this case, the issuer will “call” its current bonds and issue replacement bonds at a lower rate of interest.

Certificate of Deposit (CD): A time deposit with a specific maturity and interest rate evidenced by a certificate. Maturities range from a few weeks to several years. Interest rates are set by competitive forces in the marketplace. There is a penalty for early withdrawal. CD’s in large denominations are typically negotiable.

Collateralization: Refers to securities pledged by a bank to secure deposits of public monies. Also refers to evidence of deposit or other property that a borrower pledges to secure repayment of a loan.

Commercial Book-Entry: The commercial book-entry system is operated by the Federal Reserve Banks in their capacity as fiscal agents of the Treasury. Investors who maintain their securities in this system generally have purchased their securities through a financial institution or a government securities broker or dealer. These securities are recorded in the commercial book-entry system as book-entry issues held for the account of a depository institution. The depository institution (e.g., bank, brokerage firm 157
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or securities clearance organization) maintains records identifying the owners of securities held in its account in the system.

Commercial Paper: A short-term IOU, or unsecured money market obligation, issued by prime rated commercial firms and financial companies, with maturities from two (2) days up to 270 days. A promissory note of the issuer used to finance current obligations, and is a negotiable instrument. The notes are typically in minimum denominations starting at $100,000.00 to comply with criteria for exemption from registration under federal securities laws.

Commission: The broker’s or agent’s fee for purchasing or selling securities for a client.

Coupon: The annual rate of interest that a bond’s issuer promises to pay the bondholder on the bond’s face value or a certificate attached to a bond evidencing interest due on a payment date.

Dealer: A dealer, as opposed to a broker, acts as a principal in all transactions, buying and selling for their own account.

Debenture: An unsecured bond backed only by the general credit of the issuer.

Delivery Versus Payment: There are two methods of delivery of securities: “delivery versus payment” and “delivery versus receipt” (also called free). Delivery versus payment is delivery of securities with an exchange of money for the securities indicating payment is due when the buyer has securities in hand or in book entry.

Discount: The difference between the cost price of a security and its value at maturity when quoted at lower than face value. A security selling below original offering price shortly after sale also is considered to be a discount.

Discount Securities: (1) Non-interest bearing money market instruments that are issued at a discount and redeemed at maturity for full face value, e.g., U.S. Treasury bills; or (2) any security sold below face value and which can be re-sold later at a higher price.

Diversification: Dividing investment funds among a variety of securities offering independent returns.

Embedded Option: A statement within the bond structure that gives the issuer a right to perform a specific action in the future and may alter the interest rate earned by the bond. Examples of embedded options include the right of redemption, a put feature, or mortgage prepayment rights in a mortgage-backed security.

Federal Credit Agencies: Agencies of the Federal government set up to supply credit to various classes of institutions and individuals, e.g., small business firms, farmers, farm cooperatives, and exporters. These are securities such as the Federal National 158
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Mortgage Association (Fannie Mae), Federal Home Loan Mortgage Corporation (Freddie Mac), Federal Farm Credit Bureau (FFCB), Government National Mortgage Association (GNMA) and the Small Business Administration (SBA).

Federal Funds Rate: The rate of interest at which FED funds are traded. This rate is currently pegged by the Federal Reserve through open market operations.

Federal Open Market Committee: Consists of seven members of the Federal Reserve Board and five of the twelve Federal Reserve Bank Presidents. The President of the New York Federal Reserve Bank is a permanent member while the other Presidents serve on a rotating basis. The Committee periodically meets to set Federal Reserve Guidelines regarding purchases and sales of Government Securities in the open market as a means of influencing the volume of bank credit and money.

Federal Reserve System: The central bank of the United States created by Congress and consisting of a seven member Board of Governors in Washington, D.C., twelve Regional Banks and commercial banks that are members of the system.

Federal Deposit Insurance Corporation (FDIC): A federal agency that insures bank deposits, currently up to $250,000.00 per depositor per insured bank.

Federal Home Loan Banks (FHLB): Eleven regional banks within the Federal Home Loan Bank System, a government sponsored enterprise, that lend to its member financial institutions, which generally consist of thrift institutions, commercial banks, credit unions, insurance companies, and certified community development financial institutions. The Federal Home Loan Banks play a role analogous to that played by the Federal Reserve Banks vis-à-vis member commercial banks.

Fiscal Year: An accounting or tax period comprising any twelve month period. The City’s fiscal year begins on July 1.

Interest-Only Strips: Financial instrument where investor receives only the interest, no principal, from a pool of debt instruments such as mortgages, treasuries, or other bonds.

Issues are highly interest rate sensitive. Cash flows vary between interest periods. As well, the maturity date may occur earlier than that stated if all loans within the pool are pre-paid. High prepayments on underlying debt instruments can return less to the holder than the dollar amount invested.

Inverse Floater: A bond or note that does not earn a fixed rate of interest. Rather, the interest rate that is earned is tied to a specific interest-rate index identified in the bond/note structure. The interest rate earned by the bond/note will move in the opposite direction of the index, e.g. if market interest rates as measured by the selected index rises, the interest rate earned by the bond/note will decline. An inverse floater increases the market rate risk and modified duration of the investment. 159
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Laddered Portfolio: Bond investment portfolio with securities in each maturity range (e.g. monthly) over a specified period of time (e.g. five years).

Leverage: (1) Investing with borrowed money with the expectation that the interest earned on the investment will exceed the interest paid on the borrowed money; or (2) the use of debt to undertake an investment or project.

Liquidity: A liquid asset is one that can be converted easily and rapidly into cash without a substantial loss of value. In the money market, a security is said to be liquid if the spread between bid and asked price is narrow and reasonable size can be done at those quotes.

Local Agency Investment Fund (LAIF): The State of California Local Agency Investment Fund held in the custody of the State Treasurer for investment and reinvestment, created in 1977 by California Government Code section 16429.1 to provide an investment alternative for California’s local governments and special districts.

This is a voluntary investment program offering agencies the opportunity to participate in a major portfolio which daily invests billions of dollars and using the investment expertise of the State Treasurer's Office investment staff, at no additional cost to the taxpayer. Investment in LAIF, considered a short-term investment, is readily available for cash withdrawal on a daily basis.

Market Risk: The risk that market interest rates will rise causing a loss of value in investments held. All investments made by the City involve a degree of market risk. See also “Unrealized Gains (Losses).

Market Value: The price at which a security is trading and could presumably be purchased or sold.

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

Medium Term Corporate Notes: Corporate notes issued with fixed coupons and maturity. A promissory note of the issuer used to finance current obligations, which is a negotiable instrument.

Modified Duration: A measure of the sensitivity that the value of a fixed-income security has exposure to changes in market rates of interest. Modified duration is the best single measure of a portfolio’s or security’s exposure to market risk. Modified duration identifies the potential gain/loss in value before the gain/loss actually occurs. It is a prospective measurement, e.g., a modified duration of 1.5 indicates that when and if a 1% change in market interest rates occurs, a 1.5% change in the value of a security will result. Investments with modified durations of one to three are considered to be relatively conservative.
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Money Market: The market in which short-term debt instruments (bills, commercial paper, bankers’ acceptances, etc.) are issued and traded.

Negotiable Certificates of Deposit (NCD): A certificate of deposit that can be bought and sold on the secondary market prior to maturity. Negotiable certificates of deposit were developed so large deposits ($100,000.00 or more) could be made at a competitive interest rate with some liquidity.

Nominee Name: Registered owner of a stock or bond if different from the beneficial owner, who acts as holder of record for securities and other assets. Typically, this arrangement is done to facilitate the transfer of securities when it is inconvenient to obtain the signature of the real owner, or the actual owner may not wish to be identified.

Nominee ownership simplifies the registration and transfer of securities.

Offer: The price asked by the seller of securities. When buying securities you ask for an offer. See Ask and Bid.

Open Market Operations: Purchases and sales of government and certain other securities by the New York Federal Reserve Bank as directed by the Federal Open Market Committee in order to influence the volume of money and credit in the economy.

Purchases inject reserves into the bank system and stimulate growth of money and credit; sales have the opposite effect. Open market operations are the Federal Reserve’s most important and most flexible monetary policy tool.

Operational Liquidity: To insure that adequate funds are available to meet current obligations without having to sell securities prior to maturity. This dollar amount will be set at a level equal to one and one-half times the City’s highest level of liquidity demand within the most recent three year period.

Pooled Investments: Resources grouped for advantage of the participants.

Portfolio: Collection of securities held by an investor.

Primary Dealer: A group of government security dealers that submit daily reports of market activity and positions and monthly financial statements to the Federal Reserve Bank of New York and are subject to its informal oversight. Primary dealers include Securities and Exchange Commission (SEC) registered securities broker-dealers, banks, and a few unregulated firms.

Principal: The face or par value of an instrument.

Prudent Person Rule: An investment standard. In some states the law requires that a fiduciary, such as a trustee, may invest money only in a legal list of securities selected by the state. In other states, the trustee may invest in a security if it is one, which would be bought by a prudent person of discretion and intelligence who is seeking a reasonable income and preservation of capital.
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Range Note: Investment whose coupon payment varies (e.g. either 7% or 3%) and is dependent on whether the current benchmark (e.g. 30 year Treasury) falls within a predetermined range (e.g. between 6.75% and 7.25%).

Rate of Return: The yield obtainable on a security based on its purchase price or its current market price. This may be the amortized yield to maturity on a bond or the current income return.

Rating: The designation used by investors’ services to rate the quality of a security’s creditworthiness. Moody’s ratings range from the highest Aaa, down through Aa, A, Bbb, Ba, B, etc. while S&P’s ratings range from the highest AAA, down through AA, A, BBB, BB, B, etc.

Refinancing: Rolling over the principal on securities that have reached maturity or replacing them with the sale of new issues. The object may be to save interest costs or to extend the maturity of the loan.

Repurchase Agreement: A transaction where the seller (bank) agrees to buy back from the buyer (City) the securities at an agreed upon price after a stated period of time.

Reverse Repurchase Agreement: A transaction where the seller (City) agrees to buy back from the buyer (bank) the securities at an agreed upon price after a stated period of time.

Safekeeping: A service to customers rendered by banks for a fee whereby securities and valuables of all types and descriptions are held in the bank’s vaults for protection.

See Third Party Custodian.

Secondary Market: A market made for the purchase and sale of outstanding issues following the initial distribution.

Securities and Exchange Commission (SEC): Agency created by Congress to protect investor’s transactions by administering securities legislation.

SEC Rule 15C3-1: See uniform net capital rule.

Spread: The difference between two figures or percentages. For example, it may be the difference between the bid and asked prices of a quote, or between the amount paid when bought and the amount received when sold.

Structured Notes: Notes issued by Government sponsored enterprises and corporations which have imbedded options in their debt structure (e.g., call features, step-up coupons, floating rate coupons and derivative-based returns). Their market performance is impacted by the fluctuation of interest rates, the volatility of the imbedded options and shifts in the yield curve. This includes securities from the Federal National Mortgage Association (FNMA) and Federal Home Loan Bank (FHLB). 162
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Supranational: are organizations that provide development financing, advisory and financial services to their member countries to promote political, cultural unity, or economic growth.

Sweep Account: Short-term income account into which all uninvested cash balances from the non-interest-bearing checking account are automatically transferred on a daily basis. The sweep is used in conjunction with “zero balance” accounts to maximize investment of idle cash.

Third-Party Custodian: Corporate agent, usually a commercial bank, who, acting as trustee, holds securities under a written agreement for a corporate client and buys and sells securities when instructed. Custody services include securities safekeeping, and collection of dividends and interest. The bank acts only as a transfer agent and makes no buy or sells recommendations.

Treasury Bills: A short-term non-interest-bearing security that matures in one year or less and are issued by the U.S. Treasury to finance the national debt. Bills (commonly known as “T” bills) are sold at a discount (a price less than par (face) value) and are paid at par value at maturity. They do not pay interest before maturity. Return is the difference between par and discount price.

Treasury Bonds: Long-term coupon bearing U.S. Treasury securities issued as direct obligations of the U.S. Government and having initial maturities of more than ten years.

The bonds pay a fixed rate of interest every six months.

Treasury Notes: Medium term coupon bearing U.S. Treasury securities issued as direct obligations of the U.S. Government. Treasury notes mature in two, three, five, seven, or ten years. The notes pay a fixed rate of interest every six months.

Trustee: A bank designated as the custodian of funds and the official representative for bondholders.

Underwriter: A dealer bank or financial institution which arranges for the sale and distribution of a large batch of securities and assumes the responsibility for paying the net purchase price.

Uniform Net Capital Rule: Securities and Exchange Commission requirement that member firms, as well as non-member broker/dealers in securities, maintain a maximum ratio of indebtedness to liquid capital of 15 to 1: also called net capital ratio.

Indebtedness covers all money owed to a firm, including margin loans and commitments to purchase securities, and is one reason new public issues are spread among members of underwriting syndicates. Liquid capital includes cash and assets easily converted into cash.

Unrealized Gains (Losses): Increases (decreases) in the value of investments representing the difference between the amortized cost of the investments and their current market value. Increases (decreases) in value are caused primarily by changes 163
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in market interest rates subsequent to purchasing the investments. Increases (decreases) in value indicate two (2) things: 1. The portfolio has a potential gain (loss) in principal if the securities are sold, and 2. The portfolio is over-performing (underperforming) the current market for similar investments. An increase in value indicates the portfolio is earning relatively more interest than current market conditions, and a decrease in value indicates that the portfolio is earning relatively less interest than current market conditions.

U.S. Government Agencies Debt: Instruments issued by various U.S. Government Agencies or U.S. government-sponsored enterprises, most of which are secured only by the credit worthiness of the particular agency.
• U.S. Agency Callable: A callable federal agency or government security gives the issuer of the bond the right (not the obligation) to redeem it at predetermined prices at specified times prior to maturity. Yields on callable bonds tend to be higher than yields on noncallable, “bullet” maturity bonds because the investor must be rewarded for taking the reinvestment risk the issuer will call the bond if interest rates decline, forcing the investor to reinvest the proceeds at lower yields. • U.S. Agency Bullet: A security issued by various U.S. Government Agency which cannot be “called” back by the issuer. The security is non-callable and therefore the reinvestment risk is zero.

Yield: The rate of annual return on an investment expressed as a percentage. Income yield is calculated by dividing the current dollar income by the current market price for the security. Net yield, or yield to maturity, is the current income minus any premium or plus any discount from par on purchase price, with the adjustment amortized over the period from the date of purchase to the date of maturity of the instrument.

Zero Accrual Periods: A period of time in which an investment accumulates no interest. 164

MOORPARK ADMINISTRATION, FINANCE AND PUBLIC SAFETY

COMMITTEE AGENDA REPORT
TO: Administration, Finance and Public Safety Committee (AFPS) FROM: Ky Spangler, City Clerk
DATE: 09/02/2026 Regular Meeting
SUBJECT: Consider Application Form for Citizen Service on City Council Appointed Boards, Committees, and Commissions

SUMMARY
The City uses a standardized Application Form for completion by Moorpark residents applying to serve on City Council-appointed Boards, Commissions, and Committees such as the Planning, Parks and Recreation, and Arts Commissions, and the Library Board of Trustees; and other outside entities such as the Santa Monica Mountains Conservancy Advisory Committee, the Air Pollution Control District Advisory Committee, the Area Agency on Aging, etc. Slightly different versions of the base application are used for the Area Housing Authority of the County of Ventura, and the Moorpark Teen Council in order to tailor them correctly for service on this bodies. The questions on the application form have been unchanged. Staff is seeking Committee review and discussion of the application questions and direction regarding potential changes. Should the Committee wish to make changes, the revised application template would be brought forward for City Council approval.

DISCUSSION
At its meeting on July 1, 2026, the Administrative, Finance, and Public Safety (AFPS) Committee comprised of Mayor Enegren and Councilmember Castro directed staff to return to the Committee for a review and discussion of the application questions contained in the form to apply for board, commission, or committee appointment consideration.

Item: 4.C.
165
Moorpark Administration, Finance and Public Safety Committee 09/02/2026 Regular Meeting

The questions included are designed to be consistent across each of the bodies (except for the Arts Commission, Area Housing Authority and Teen Council which slightly difference phrasing based on specific functions or criteria of the board, committee, or commission), and collect information on the experience and background of applicants including:
• Relevant employment, training and experience, certificates of training, licenses, and professional registration
• Involvement in community activities, volunteer and civic organizations other than partisan political activities
• Work and/or volunteer experience do you have that relates to this position • Interests you about this citizen appointment and why do you believe you should be appointed
In addition, the application asks if applicants have previously attended a meeting of the citizen appointment group they are seeking to serve on and if they have served on the body before.

The purpose of the applications is to obtain general information to confirm eligibility to serve (i.e., Moorpark residency), age eligibility, (Area Agency on Aging requires applicants to be 60+), and learn about knowledge, experience, and background that may be applicable to appointed service. In the case of the Area Housing Authority (AHA), the application includes questions regarding knowledge of AHA’s functions and responsibilities and reasons why the applicant is interested in serving.

It should be noted that in the case of the Arts Commission, the residency requirement is slightly different than for the Planning and Parks and Recreation Commissions, and the Library Board. Positions on the Arts Commission have historically been exceptionally difficult to recruit for and fill, and the firm restriction on residency within the City limits presented a notable constraint. In light of these difficulties, the parameters of locational eligibility for Arts Commission applicants were modified to include residency within the City’s Area of Interest, with the Moorpark Unified School District, and to allow for business ownership within the City of Moorpark. These broadened parameters have permitted those that live within County jurisdiction, or who own a Moorpark business to serve on the Arts Commission.

Additionally, although the Teen Council is no longer a City Council-appointed entity, an application and application process remains in place. The applications provide the City Manager insight into to those seeking to participate and provides the Assistant City Manager in charge of the Teen Council with information that can assist in tailoring the program for the year to the interests expressed by the applicants. Because the 166
Moorpark Administration, Finance and Public Safety Committee 09/02/2026 Regular Meeting

appointment process still includes completion of an application, it is included for consideration and discussion.

Recruitment for the three primary Commissions - Planning, Parks and Recreation, and Arts - opens the third full week in October of even-number years and runs for five to six weeks ending at the end of November/beginning of December in time for consideration and Commissioner interviews and appointments at the second Council meeting in December. This schedule facilitates appointments in time for Commission meetings commencing in January. Therefore, should the AFPS Committee wish to make changes to the existing application questions, new application questions would require approval by the City Council no later than the October 7, 2026, meeting in order to open the recruitment on October 19.

FISCAL IMPACT
There is no direct impact associated revision of the standard Application Form.

STAFF RECOMMENDATION
Review the three Board, Commission, and Committee Application Forms and provide direction to staff.

Attachment 1: Planning, Arts, and Parks and Recreation Application Attachment 2: Teen Council Application
Attachment 3: Area Housing Authority Application
167
As a candidate for appointment to a City Council Advisory Board / Commission / Committee, please complete this application form for consideration by the City Council. Complete all questions and place “N/A” in those areas that do not apply.

Note: Completed applications are considered public records per California Government Code 7920.530 and, therefore, are fully disclosable to the public.

Name of the citizen appointment you are applying for:*
-- Select One --
NOTE: A separate application must be submitted for each citizen appointment.

APPLICANT INFORMATION
First Name*
Ky
Last Name*
Spangler
Residential Address:*
House Number, Street Name, Unit (P.O. Box is not acceptable) City:* State:* Zip:*
Mailing Address (if different):

House Number, Street Name, Unit
City: State: Zip:

Residence Phone Number: Cell Phone Number:* E-Mail:*
[email protected]
NOTE: All correspondence from the City will be sent via e-mail.

City of Moorpark Application for Advisory Board, Commission, and Committee Save Progress * indicates a required field
Form Center My Forms
ATTACHMENT 1
168
Current Employer:

Employer Address:

City: State Zip
Yes No
Are you registered to vote?*
Yes No
Do you reside within the City Limits?*
Yes No
Do you reside within the City’s Area of Interest, or within the Moorpark Unified School District boundaries or do you own a business within the City of Moorpark? 169
Yes No
Do you have relatives or members of your household who are employed by the City of Moorpark; or who are currently serving on the City Council; or who are presently serving in a City appointed position?*
Yes No
Do you serve on any appointed board, commission, or committee for the County of Ventura?*

EXPERIENCE/BACKGROUND
Present Occupation:*
List relevant employment, training and experience, certificates of training, licenses, and professional registration:*
Max. 1000 characters.

Describe your involvement in community activities, volunteer and civic organizations other than partisan political activities:*
Max. 1000 characters.

What work and/or volunteer experience do you have that relates to this position?* Max. 1000 characters.

What interests you about this citizen appointment and why do you believe you should be appointed?* Max. 1000 characters.

Yes No
Have you attended a meeting of this citizen appointment group or watched a meeting on-line?* Yes No
Have you served on this citizen appointment group before?* 170
Attachments (if any):

Choose File No file chosen
Max. file size 4MB.

I Agree
I certify that, if appointed, I understand that neither I nor my family members will be eligible to participate in the City's First Time Home Buyer Program, according to the City's First-Time Home Buyer Affordable Housing Program Participant Exclusion List.*

SIGNATURE
The following terms are accepted by the applicant upon submitting the online application:

By clicking on the 'Submit' button, I hereby certify all statements made in this application are true, and I agree and understand that any misstatement or omission of material fact will cause forfeiture on my part of all rights of appointment with the City of Moorpark. I authorize investigation of all matters contained in this application. If appointed, I further agree to sign an oath of office as required by State law. I understand that this completed application is the property of the City of Moorpark and will not be returned. I understand that I must notify the City Clerk of any changes in my name, address, or phone number.

I have considered the duties, role, and time commitment involved in this appointment and request that you consider me for appointment.

Application Date:*
mm/dd/yyyy
171
As a candidate for appointment to the Teen Council, please complete this application form for consideration by the City Council. Please complete all questions and place "N/A" in those areas that do not apply.

Note: Completed applications are considered public records per California Government Code 7920.530 and, therefore, are fully disclosable to the public.

Mr.

Ms.

Title:* First Name:*
Ky
Last Name:*
Spangler
Residential Address:*
House Number, Street Name, Unit (P.O. Box is not acceptable) City:* State:* Zip:*
Mailing Address (if different):

House Number, Street Name, Unit
City: State: Zip:

Residential Phone Number: Cell Phone Number: E-Mail:*
[email protected]
NOTE: All correspondence will be sent via e-mail (or U.S. mail when e-mail address is not provided).

City of Moorpark Teen Council Application Save Progress * indicates a required field
Form Center My Forms
ATTACHMENT 2
172
Yes
No
Do you reside within the City Limits?*
What school will you be attending next term (September)?* What grade will you be in? Numbers only.

EXPERIENCE / BACKGROUND
Why are you interested in serving on the Teen Council?* Max. 1000 characters.

List hobbies or special interests which may compliment the work for the Teen Council:* Max. 1000 characters.

Describe work, volunteer or community activities which may apply to the Teen Council:* Max. 1000 characters.

What projects or programs would you like to see addressed by the Teen Council?* Max. 1000 characters.

Describe your future personal and professional goals:*
Max. 1000 characters.

Yes
No
Have you served on the Teen Council before?*
173
Yes
No
Have you attended a meeting of the Teen Council?*
Attachments (if any):

Choose File No file chosen
Max. file size 4MB.

I have considered the duties, role and time commitment involved in this appointment and request that you consider me for appointment.

The following terms are accepted by the applicant upon submitting the online application:

I hereby certify that all statements made in this application are true, and I agree and understand that any misstatement or omission of material fact will cause forfeiture on my part of all rights of appointment with the City of Moorpark. I authorize investigation of all matters contained in this application. I understand that this completed application is the property of the City of Moorpark and will not be returned. I understand that I must notify the City Clerk of any changes in my name, address, or phone number.

Application Date:*
mm/dd/yyyy
174
As a candidate for appointment to a City Council Advisory Board / Commission / Committee, please complete this application form for consideration by the City Council. Complete all questions and place “N/A” in those areas that do not apply.

Note: Completed applications are considered public records per California Government Code 7920.530 and, therefore, are fully disclosable to the public.

Name of the citizen appointment you are applying for:*
Area Housing Authority of the County of Ventura
NOTE: A separate application must be submitted for each citizen appointment.

APPLICANT INFORMATION
First Name*
Ky
Last Name*
Spangler
Residential Address:*
House Number, Street Name, Unit (P.O. Box is not acceptable) City:* State:* Zip:*
Mailing Address (if different):

House Number, Street Name, Unit
City: State: Zip:

Residence Phone Number: Cell Phone Number: E-Mail:
[email protected]
NOTE: All correspondence from the City will be sent via e-mail.

City of Moorpark Application for Area Housing Authority of the County of Ventura Save Progress * indicates a required field
Form Center My Forms
ATTACHMENT 3
175
Current Employer:

Employer Address:

City: State Zip
Yes No
Are you registered to vote?*
Yes No
Do you reside within the City Limits?*
Yes No
Do you have relatives or members of your household who are employed by the City of Moorpark; or who are currently serving on the City Council; or who are presently serving in a City appointed position?*
Yes No
Do you serve on any appointed board, commission, or committee for the County of Ventura?* Yes No
Are you familiar with Roberts Rules of Order and able to abide by the protocols during meetings?*

EXPERIENCE/BACKGROUND
What is your educational background (highest grade completed, degrees, etc.)?* Max. 1000 characters.

Briefly explain your understanding of the Area Housing Authority's functions/responsibilities.* Max. 1000 characters.
176
Why do you want to serve on the Area Housing Authority Board of Commissioners?* Max. 1000 characters.

List relevant employment, training, and experience (may include volunteer experience), and certificates of training, licenses, and professional registrations that would positively impact and effectively contribute to the continued successful implementation of the Area Housing Authority programs and projects.*
Max. 2000 characters.

Describe your involvement in community activities, volunteer organizations, and civic organizations other than partisan political activities:*
Max. 2000 characters.

How did you hear about this opportunity?*
Attachments (if any):

Choose File No file chosen
Max. file size 4MB.

I Agree
I certify that, if appointed, I understand that neither I nor my family members will be eligible to participate in the City's First Time Home Buyer Program, according to the City's First-Time Home Buyer Affordable Housing Program Participant Exclusion List.*

SIGNATURE
The following terms are accepted by the applicant upon submitting the online application:
177
By clicking on the 'Submit' button, I hereby certify all statements made in this application are true, and I agree and understand that any misstatement or omission of material fact will cause forfeiture on my part of all rights of appointment with the City of Moorpark. I authorize investigation of all matters contained in this application. If appointed, I further agree to sign an oath of office as required by State law. I understand that this completed application is the property of the City of Moorpark and will not be returned. I understand that I must notify the City Clerk of any changes in my name, address, or phone number.

I have considered the duties, role, and time commitment involved in this appointment and request that you consider me for appointment.

Application Date:*
mm/dd/yyyy
178