AGENDA
CITY COUNCIL OF THE CITY OF MORENO VALLEY
MORENO VALLEY COMMUNITY SERVICES DISTRICT
CITY AS SUCCESSOR AGENCY FOR THE
COMMUNITY REDEVELOPMENT AGENCY OF
THE CITY OF MORENO VALLEY
MORENO VALLEY HOUSING AUTHORITY
MORENO VALLEY PUBLIC FINANCING AUTHORITY
BOARD OF LIBRARY TRUSTEES
November 1, 2022
REGULAR MEETING – 6:00 PM
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City Council Study Sessions
Second Tuesday of each month – 6:00 p.m.
City Council Meetings
Special Presentations – 5:30 P.M.
First & Third Tuesday of each month – 6:00 p.m.
City Council Closed Sessions
Will be scheduled as needed at 4:30 p.m.
City Hall Council Chamber – 14177 Frederick Street
Upon request, this agenda will be made available in appropriate alternative formats to persons with disabilities, in compliance with the Americans with Disabilities Act of 1990. Any person with a disability who re quires a modification or accommodation in order to participate in a meeting should direct such request to the ADA Coordinator, at 951.413.3 350 at least 72 hours before the meeting. The 72-hour notification will enable the City to make reasonable arrangements to ensure accessibility to this meeting.
Dr. Yxstian A. Gutierrez, Mayor
Edward A. Delgado, Mayor Pro Tem David Marquez, Council Member
Ulises Cabrera, Council Member Elena Baca-Santa Cruz, Council Member ..
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AGENDA
CITY COUNCIL OF THE CITY OF MORENO VALLEY
November 1, 2022
CALL TO ORDER - 5:30 PM
SPECIAL PRESENTATIONS - NONE
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.AGENDA
JOINT MEETING OF THE
CITY COUNCIL OF THE CITY OF MORENO VALLEY
MORENO VALLEY COMMUNITY SERVICES DISTRICT
CITY AS SUCCESSOR AGENCY FOR THE
COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF MORENO VALLEY
MORENO VALLEY HOUSING AUTHORITY
MORENO VALLEY PUBLIC FINANCING AUTHORITY
AND THE BOARD OF LIBRARY TRUSTEES
*THE CITY COUNCIL RECEIVES A SEPARATE STIPEND FOR CSD
MEETINGS*
REGULAR MEETING – 6:00 PM
NOVEMBER 1, 2022
CALL TO ORDER
Joint Meeting of the City Council, Community Services District, City as Successor Agency for the Community Redevelopment Agency, Housing Authority and the Board of Library Trustees - actions taken at the Joint Meeting are those of the Agency indicated on each Agenda item.
PLEDGE OF ALLEGIANCE
ROLL CALL
INVOCATION
Pastor Dave Carlson, from Moreno Christian Assembly
INTRODUCTIONS
PUBLIC COMMENTS ON ANY SUBJECT ON OR NOT ON THE AGENDA UNDER
THE JURISDICTION OF THE CITY COUNCIL
JOINT CONSENT CALENDARS (SECTIONS A-E)
All items listed under the Consent Calendars, Sections A, B, C, D, and E are considered to be routine and non -controversial, and may be enacted by one motion unless a member of the City Council, Community Services D istrict, City as Successor Agency for the Community Redevelopme nt Agency, Housing Authority or the Board of Library Trustees requests that an item be removed for separate action. The motion to adopt the Consent Calendars is deemed to be a separate motion by each Agency and shall be so recorded by the City Clerk. Ite ms withdrawn for report or discussion will be heard after public hearing items.
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A. CONSENT CALENDAR-CITY COUNCIL
A.1. ORDINANCES - READING BY TITLE ONLY - THE MOTION TO ADOPT AN
ORDINANCE LISTED ON THE CONSENT CALENDAR INCLUDES WAIVER OF FULL READING OF THE ORDINANCE.
Recommendation: Waive reading of all Ordinances.
A.2. MINUTES - CITY COUNCIL - REGULAR MEETING - OCT 18, 2022 6:00 PM Recommendation: Approve as submitted.
A.3. MINUTES - CITY COUNCIL - CLOSED SESSION - OCT 18, 2022 4:30 PM Recommendation: Approve as submitted.
A.4. MAYORAL APPOINTMENTS TO THE PLANNING COMMISSION (Report of:
City Clerk)
Recommendation:
1. Receive and confirm the slate of Mayoral appointments as follows:
PLANNING COMMISSION
Name Position Term
Ray Baker Member Ending 6/30/25
A.5. RECEIPT OF QUARTERLY INVESTMENT REPORT FOR THE QUARTER ENDED SE PTEMBER 30, 2022 (Report of: Financial & Management Services)
Recommendation:
1. Receive, file the Quarterly Inves tment Report for quarter ended September 30, 2022, in compliance with the City’s Investment Policy and approve resolution adopting the Section 115 Trust administered by PARS.
A.6. FISCAL YEAR 2022/23 FIRST QUARTER BUDGET REVIEW AND
APPROVAL OF THE FIRST QUARTER BUDGET AMENDMENTS AND
REVIEW OF THE OPERATING AND CAPITAL CARRYOVERS FROM
FISCAL YEAR 2021/22 (Report of: Financial & Management Services) Recommendations: That the City Council:
1. Receive and file the Fiscal Year (FY) 2022/23 First Quarter Budget Review.
2. Adopt Resolution No. 2022-XX. A resolution of the City Council of the -5-
City of Moreno Valley, California, adopting the revised budgets for fiscal year 2022/23.
3. Approve the City Position Summary.
4. Approve the Salary Career Schedule effective November 2, 2022.
5. Receive and file the Fiscal Year 2021/22 Carryover Memo.
Recommendations: That the CSD:
1. Adopt Resolution No. CSD 2022 -XX. A resolution of the Moreno Valley Community Services District of the City of Moreno Valley, California, adopting the revised operating and capital budgets for Fiscal Year 2022/23.
Recommendations: That the City Council as Successor Agency:
1. Adopt Resoluti on No. Successor Agency 202 2-XX. A Resolution of the City Council of the City of Moreno Valley, California, serving as Successor Agency to the Community Redevelopment Agency of the City of Moreno Valley, California, adopting the revised operating and capital budget for Fiscal Year 2022/23.
A.7. RECOMMENDED SENIOR CENTER EXPANSION (Report of: Financial & Management Services)
Recommendations: That the City Council and CSD:
1. Approve the recommended Senior Center Expansion to be f unded by the Development Im pact Fee – Community/Recreation Center Fund (Up to $1.1M) and General Fund Unassigned Reserves (Up to $3.3M) ; and
2. Authorize the Chief Financial Officer to use General Fund Unassigned Reserves (Up to $3.3M) pursuant to the Fund Balance and Financial Reserves Policy; and
3. Authorize the City Manager/ Executive Director to execute any subsequent related agreements, exten sions, or amendments, subject to the procurement policy and approval of the City Attorney.
A.8. PURSUANT TO LANDOWNER PETITIONS, ANNEX CERTAI N PARCELS INTO COMMUNITY FACILITIES DISTRICT NO. 2014 -01 (MAINTENANCE SERVICES) - AMENDMENT NOS. 65 AND 73 (RESO. NOS. 2022- __ AND 2022-__) (Report of: Financial & Management Services)
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Recommendation:
1. Acting as the legislative body of Community Facilities District No. 2014-01 (Maintenance Services), adopt Resolution No. 2022-__, a Resolution of the City Council of the City of Moreno Valley, California, ordering the annexation of territory to City of Moreno Valley Community Facilities District No. 2014 -01 (Maintenance Services) and approving the amended map for said District (Amendment No. 65) (American Pacific Investments, Inc., located east of Perris Blvd., north of Delphinium Ave.).
2. Acting as the legislative body of Community Facilities District No. 2014-01 (Maintenance Services), adopt Resolution No. 2022-__, a Resolution of the City Council of the City of Moreno Valley, California, ordering the annexation of territory to City of Moreno Valley Community Facilities District No. 2014 -01 (Maintenance Services) and approving the amended map for said District (Amendment No. 73) (March Business Center , located at the southeast corner of Krameria Ave. and Heacock St.).
A.9. PEN21-0172 (PM 38208) - APPROVE PARCEL MAP 38208 LOCATED ON THE NORTH SIDE OF RIVAR D ROAD EAST OF SAN CELESTE ROAD.
DEVELOPER: RIVARD ROAD, LLC (Report of: Public Works)
Recommendations:
1. Approve Parcel Map 38208.
2. Authorize the City Clerk to sign the map and transmit said map to the County Recorder’s Office for recordation.
A.10. APPROVE THE REPLACEMENT OF THREE POLICE MOTORCYCLES (Report of: Police Department)
Recommendations:
1. Authorize th e purchase of three (3) Honda CRF1100LL Africa Twin police motorcycles and related communication equipment totaling $95,253.
2. Authorize the transfer of $93,642.30 from the Equipment Replacement Fund 7510 to General Fund 1010 to add to the budgeted amount o f $1,610 in General Fund Account 1010 -60-67-40210-660322, totaling $95,253 to use for the purchase of three (3) H onda CRF1100LL Africa Twin police motorcycles and related emergency equipment.
A.11. SECOND READING AND ADOPTION OF 2022 CALIFORNIA BUILDING CODES, CALIFORNIA CODE OF REGULATIONS, TITLE 24,
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INCORPORATING THE LATEST EDITIONS OF THE MODEL CODES WITH AMENDMENTS (ORD. NO. 991) (Report of: Community Development) Recommendations:
1. That the City Council conduct second reading by title only and adopt Ordinance No. 991.
A.12. AUTHORIZE THE PURCHASE OF THREE PICNIC SHELTERS FROM PORTER CORPORATION FOR COMMUNITY PARK (PROJECT NO. 807
0056-3015) (Report of: Parks & Community Services)
Recommendations:
1. Approve the purchase of three (3) picnic shelters a nd issuance of a purchase order to Porter Corporation in the amount of $54,558.01.
2. Authorize the Executive Director to approve a purchase order and any other amendments, for this purchase.
B. CONSENT CALENDAR-COMMUNITY SERVICES DISTRICT
B.1. ORDINANCES - READING BY TITLE ONLY - THE MOTION TO ADOPT AN
ORDINANCE LISTED ON THE CONSENT CALENDAR INCLUDES WAIVER OF FULL READING OF THE ORDINANCE.
Recommendation: Waive reading of all Ordinances.
B.2. MINUTES - CITY COUNCIL - REGULAR MEETING - OCTOBER 18, 2022 6:00 PM (SEE A.2).
Recommendation: Approve as submitted.
B.3. MINUTES - CITY COUNCIL - CLOSED SESSION - OCTOBER 18, 2022 4:30 PM (SEE A.3).
Recommendation: Approve as submitted.
B.4. PURSUANT TO LANDOWNER PETITIONS, ANNEX CERTAIN PARCELS INTO COMMUN ITY FACILITIES DISTRICT NO. 2021 -01 (PARKS MAINTENANCE) - AMENDMENT NOS. 24 AND 42 (RESO. NOS. CSD 2022- __ AND CSD 2022-__) (Report of: Financial & Management Services) Recommendation:
1. Adopt Resolution No. 2022 -___, a Resolution of the Board for the Moreno Valley Community Services District of the Ci ty of Moreno Valley, California, ordering the annexation of territory to City of Moreno Valley Community Faciliti es District No. 2021 -01 (Parks Maintenance) -8-
and approving the amended map for said District (Am endment No. 24) (American Pacific Investments, I nc., located east of Perris Blvd., north of Delphinium Ave.).
2. Adopt Resolution No. 2022 -___, a Resolution of the Board for the Moreno Valley Community Services District of the City of Moreno Valley, California, ordering the annexation of territory to City of Moreno Valley Community Facilities District No. 2021-01 (Parks Maintenance) and approving the amended map for said District (Amendment No. 42) (March Business Center, located at the southeast corner of Kr ameria Ave. and Heacock St.).
C. CONSENT CALENDAR - HOUSING AUTHORITY
C.1. ORDINANCES - READING BY TITLE ONLY - THE MOTION TO ADOPT AN
ORDINANCE LISTED ON THE CONSENT CALENDAR INCLUDES WAIVER OF FULL READING OF THE ORDINANCE.
Recommendation: Waive reading of all Ordinances.
C.2. MINUTES - CITY COUNC IL - REGULAR MEETING - OCTOBER 18, 2022 6:00 PM (SEE A.2).
Recommendation: Approve as submitted.
C.3. MINUTES - CITY COUNCIL - CLOSED SESSION - OCTOBER 18, 2022 4:30 PM (SEE A.3).
Recommendation: Approve as submitted.
D. CONSENT CALENDAR - BOARD OF LIBRARY TRUSTEES
D.1. ORDINANCES - READING BY TITLE ONLY - THE MOTION TO ADOPT AN
ORDINANCE LISTED ON THE CONSENT CALENDAR INCLUDES WAIVER OF FULL READING OF THE ORDINANCE.
Recommendation: Waive reading of all Ordinances.
D.2. MINUTES - CITY COUNCIL - REGULAR MEETING - OCTOBER 18, 2022 6:OO PM (SEE A.2).
Recommendation: Approve as submitted.
D.3. MINUTES - CITY COUNCIL - CLOSED SESSION - OCTOBER 18, 2022 4:30 PM (SEE A.3).
Recommendation: Approve as submitted.
E. CONSENT CALENDAR - PUBLIC FINANCING AUTHORITY
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E.1. ORDINANCES - READING BY TITLE ONLY - THE MOTION TO ADOPT AN
ORDINANCE LISTED ON THE CONSENT CALENDAR INCLUDES WAIVER OF FULL READING OF THE ORDINANCE.
Recommendation: Waive reading of all Ordinances.
E.2. MINUTES - CITY COUNCIL - REGULAR ME ETING - OCTOBER 18, 2022 6:00 PM (SEE A.2).
Recommendation: Approve as submitted.
E.3. MINUTES - CITY COUNCIL - CLOSED SESSION -- OCTOBER 18, 2022 4:30 PM (SEE A.3).
Recommendation: Approve as submitted.
F. PUBLIC HEARINGS
Questions or comments from the public on a Public Hearing matter are limited to five minutes per individual and must pertain to the subject under consideration.
Those wishing to speak should complete and submit a GOLDENROD speaker slip to the Sergeant-at-Arms.
F.1. PUBLIC HEARINGS AND RESOLUTIONS OF THE CITY COUNCIL OF THE
CITY OF MORENO VALLEY, CALIFORNIA, ADOPTING THE WORKFORCE
DEVELOPMENT FACILITIES AND PUBLIC ART IMPACT FEE NEXUS
STUDY AND IMPLEMENTING THE SAME DEVELOPMENT IMPACT FE ES (RESO. NOS. 2022 -XX & 2022 -XX AND ORDINANCE N O. XX) (Report of:
Public Works)
Recommendations: That the City Council:
1. Conduct a Public Hearing for the adoption of the Workforce Development Facilities and Public Art Impact Fee Nexus Study and amendment of the Capital Improvement Plan;
2. Adopt Resolut ion No. 2022 -XX adopting the Workforce Develop ment Facilities and Public Art Impact Fee Nexus Study and amendments to Capital Improvement Plan, and finding the action is exempt from CEQA;
3. Conduct a Public He aring for the establishment of the City of Moren o Valley Workforce Development Facilities Development Impact Fee and Public Art Impact Fee;
4. Adopt Ordinance No. XX adopting the Workforce Development Facilities Development Impact Fee and Public Art Impact F ee, and finding the action is exempt from CEQA; and
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5. Adopt Resolution No. 2022 -XX, adopting th e Workforce Development Facilities Development Impact Fee Schedule.
G. GENERAL BUSINESS
G.1. RESOLUTION OF CENSURE (Report of: City Attorney)
Recommendation:
1. That the City Council take whatever action i t deems necessary under the circumstances.
G.2. SUMMARY REPORT OF 2021 BROWN ACT VIOLATION PROCEEDINGS
RELATED TO APPOINTMENT OF LA DONNA JEMPSON TO THE CITY
COUNCIL (Report of: City Attorney)
Recommendation:
1. That the City Council receive and fil e this Summary Report and take whatever additio nal action it deems necessary under the circumstances.
H. ITEMS REMOVED FROM CONSENT CALENDARS FOR DISCUSSION OR
SEPARATE ACTION
I. REPORTS
I.1. CITY COUNCIL REPORTS
(Informational Oral Presentation - not for Council action) March Joint Powers Commission (JPC)
Riverside County Habitat Conservation Agency (RCHCA)
Riverside County Transportation Commission (RCTC)
Riverside Transit Agency (RTA)
Western Riverside Council of Governments (WRCOG)
Western Riverside County Regional Conservation Authority (RCA) School District/City Joint Task Force
I.2. EMPLOYEE ASSOCIATION REPORTS
I.3. CITY MANAGER'S REPORT
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CLOSING COMMENTS AND/OR REPORTS OF THE C ITY COUNCIL, COMMUNITY
SERVICES DISTRICT, CITY AS SUCCESSOR AGENCY FOR THE COMMUNITY
REDEVELOPMENT AGENCY, HOUSING AUTHORITY, PUBLIC FINANCING AUTHORITY, AND THE BOARD OF LIBRARY TRUSTEES.
ADJOURNMENT
PUBLIC INSPECTION
The contents of the agenda packet are available for public inspection on the City’s website at www.moval.org and in the City Clerk’s office at 14177 Frederick Street during normal business hours.
Any written information related to an open sessi on agenda item that is known by the City to have been distributed to all or a majority of the C ity Council less than 72 hours prior to this meeting will be made available for public inspection on the City’s website at www.moval.org and in the City Clerk’s office at 14177 Frederick Street during normal business hours.
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CERTIFICATION
I, Jane Halstead, City Clerk of the City of Moreno Valley, California, certify that 72 hours prior to this Regular Meeting, the City Council Agenda was posted on the City’s web site at: www.moval.org and in the following three public places pursuant to City of Moreno Valley Resolution No. 2007-40:
City Hall, City of Moreno Valley
14177 Frederick Street
Moreno Valley Library
25480 Alessandro Boulevard
Moreno Valley Senior/Community Center
25075 Fir Avenue
Jane Halstead, CMC, MAM
City Clerk
Date Posted: October 27, 2022
MINUTES
CITY COUNCIL REGULAR MEETING OF THE CITY OF MORENO VALLEY October 18, 2022
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CALL TO ORDER - 5:30 PM
SPECIAL PRESENTATIONS
None.
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Minutes Acceptance: Minutes of Oct 18, 2022 6:00 PM (CONSENT CALENDAR-CITY COUNCIL) -2-
MINUTES
JOINT MEETING OF THE
CITY COUNCIL OF THE CITY OF MORENO VALLEY
MORENO VALLEY COMMUNITY SERVICES DISTRICT
CITY AS SUCCESSOR AGENCY FOR THE
COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF MORENO VALLEY
MORENO VALLEY HOUSING AUTHORITY
MORENO VALLEY PUBLIC FINANCING AUTHORITY
BOARD OF LIBRARY TRUSTEES
REGULAR MEETING – 6:00 PM
October 18, 2022
CALL TO ORDER
The Joint Meeting of the City Council, Community Services District, City as Successor Agency for the Community Redevelopment Agency of the City of Moreno Valley, Moreno Valley Housing Authority, Moreno Valley Public Financing Authority and the Board of Library Trustees was called to order at 6:09 p.m. by Mayor Gutierrez in the Council Chamber located at 14177 Frederick Street.
Mayor Gutierrez announced that the City Council receives a separate stipend for CSD meetings.
PLEDGE OF ALLEGIANCE
The Pledge of Allegiance was led by Assistant City Manager, Brian Mohan.
INVOCATION
The Invocation was given by Pastor Mark Beigle, Liberty Baptist Church.
ROLL CALL
Council: Dr. Yxstian A. Gutierrez Mayor
Edward A. Delgado Mayor Pro Tem
Elena Baca-Santa Cruz Council Member
Ulises Cabrera Council Member
David Marquez Council Member
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Minutes Acceptance: Minutes of Oct 18, 2022 6:00 PM (CONSENT CALENDAR-CITY COUNCIL) -3-
Roll Call
INTRODUCTIONS
Staff: Jane Halstead Manager of the Office of the Mayor and City Council/City Clerk
Paul Bradvica Deputy City Clerk
Steven Quintanilla Interim City Attorney
Mike Lee City Manager
Brian Mohan Assistant City Manager, Chief Financial
Officer, City Treasurer
Aldo Schindler Assistant City Manager
Manuel Mancha Community Development Director
Michael Lloyd Public Works Director/City Engineer
Jeremy Bubnick Parks and Community Services Director
Ken Reichle Chief of Police
Motion made by Council Member Baca-Santa Cruz
Motion requesting the discussion of a censure against Ulises Cabrera for the mistreatment and disrespect of City Employees.
RESULT: APPROVED [3 TO 2]
MOVER: Elena Baca-Santa Cruz, Council Member
SECONDER: Ed Delgado, Mayor Pro Tem
AYES: Ed Delgado, Elena Baca-Santa Cruz, Dr. Yxstian A. Gutierrez NAYS: David Marquez, Ulises Cabrera
PUBLIC COMMENTS ON ANY SUBJECT ON OR NOT ON THE AGENDA UNDER
THE JURISDICTION OF THE CITY COUNCIL
Dr. James Owens
1. Supported Candidate Patsy Brown for Mayor.
Dr. Patsy Brown
1. Supported Candidate Patsy Brown for Mayor.
Reta Butler
1. Requested a new Senior Center in the City.
Jennifer Larrett-Smith
1. Represented Riverside Neighbors Opposing Warehouses.
Aaron Bushoung
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Minutes Acceptance: Minutes of Oct 18, 2022 6:00 PM (CONSENT CALENDAR-CITY COUNCIL) -4-
1. Represented Riverside Neighbors Opposing Warehouses.
Jerry Shearer
1. Represented Riverside Neighbors Opposing Warehouses.
Sunny Williams
1. Supported Candidate Patsy Brown for Mayor.
Dorris Duncan
1. Requested a new Senior Center in the City.
Christopher Wellington
1. Requested a new Senior Center in the City.
Pauline Saldana
1. Requested a new Senior Center in the City.
Oscar Alvarez
1. Requested a new Senior Center in the City.
Benjamin Shuler
1. Represented The Hole In Wall Organization.
Ronald Peters
1. Opposed warehouses in the City.
Linda Swearingen
1. Requested a new Senior Center in the City.
Mike McCarthy
1. Opposed the March JPA campus project.
Elmer Thomas
1. Critical of Council Member Cabrera and Council Member Marquez.
Linda Thomas
1. Critical of Council Member Cabrera and Council Member Marquez.
Roy Bleckert
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Minutes Acceptance: Minutes of Oct 18, 2022 6:00 PM (CONSENT CALENDAR-CITY COUNCIL) -5-
1. Critical of Council Member Cabrera and Council Member Marquez.
Martin Cabrera Sr.
1. Supported Candidate Ulises Cabrera for Mayor.
Greg Kuster
1. Thanked City Council and Staff for their work.
Magie
1. Represented Riverside Neighbors Opposing Warehouses.
Alfredo Diarte
1. Asked for greater safety for children.
Tom Jerele Sr.
1. Critical of past Council action.
Bob Palomarez
1. Critical of past Council action.
Chris Baca
1. Critical of Council Member Cabrera.
Louise Palomarez
1. Critical of Council Member Cabrera.
Patricia Alvarado
1. Critical of City resident and Council.
Amy Dahdul
1. Represented Riverside Neighbors Opposing Warehouses.
Gabriela Mendez
1. Represented Riverside Neighbors Opposing Warehouses.
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Minutes Acceptance: Minutes of Oct 18, 2022 6:00 PM (CONSENT CALENDAR-CITY COUNCIL) -6-
Motion made by Council Member Cabrera
Motion to bring cannabis project appeal for final vote at the next appropriate City Council Meeting.
RESULT: APPROVED [3 TO 2]
MOVER: Ulises Cabrera, Council Member
SECONDER: David Marquez, Council Member
AYES: Ed Delgado, David Marquez, Ulises Cabrera
NAYS: Elena Baca-Santa Cruz, Dr. Yxstian A. Gutierrez
JOINT CONSENT CALENDARS (SECTIONS A-E)
All items listed under the Consent Calendars, Sections A, B, C, D, and E are considered to be routine and non-controversial, and may be enacted by one motion unless a member of the City Council, Community Services District, City as Successor Agency for the Community Redevelopment Agency, Housing Authority or the Board of Library Trustees requests that an item be removed for separate action. The motion to adopt the Consent Calendars is deemed to be a separate motion by each Agency and shall be so recorded by the City Clerk. Items withdrawn for report or discussion will be heard after public hearing items.
RESULT: APPROVED [UNANIMOUS]
MOVER: David Marquez, Council Member
SECONDER: Ulises Cabrera, Council Member
AYES: Delgado, Baca-Santa Cruz, Gutierrez, Marquez, Cabrera A. CONSENT CALENDAR-CITY COUNCIL
A.1. ORDINANCES - READING BY TITLE ONLY - THE MOTION TO ADOPT AN
ORDINANCE LISTED ON THE CONSENT CALENDAR INCLUDES WAIVER OF FULL READING OF THE ORDINANCE.
Recommendation: Waive reading of all Ordinances.
A.2. City Council - Regular Meeting - Oct 4, 2022 6:00 PM Recommendation:
1. Approve as submitted.
A.3. City Council - Closed Session - Oct 4, 2022 4:30 PM Recommendation:
1. Approve as submitted.
A.4. MAYORAL APPOINTMENTS TO THE EMERGING LEADERS COUNCIL (Report of: City Clerk)
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Minutes Acceptance: Minutes of Oct 18, 2022 6:00 PM (CONSENT CALENDAR-CITY COUNCIL) -7-
Recommendation:
1. Receive and confirm the slate of Mayoral appointments as follows:
EMERGING LEADERS COUNCIL
Name Position Term
Eduardo Bautista Member Ending 5/31/2024
A.5. PAYMENT REGISTER - AUGUST 2022 (Report of: Financial & Management Services)
Recommendation:
1. Receive and file the Payment Register.
A.6. LIST OF PERSONNEL CHANGES (Report of: Financial & Management Services)
Recommendation:
1. Ratify the list of personnel changes as described.
A.7. APPROVAL OF SUCCESSOR MEMORANDA OF UNDERSTANDING
BETWEEN THE CITY OF MORENO VALLEY AND THE MORENO VALLEY
CITY EMPLOYEES ASSOCIATION, THE MORENO VALLEY
MANAGEMENT ASSOCIATION, AND THE MORENO VALLEY
CONFIDENTIAL MANAGEMENT EMPLOYEES, WITH EXTENSION OF
PROVISIONS TO AFFECTED UNREPRESENTED CAREER EMPLOYEES
AND APPROVAL OF AMENDED PERSONNEL RULES AND
REGULATIONS (Report of: Financial & Management Services) Recommendations:
1. Approve the successor Memoranda of Understanding between the City of Moreno Valley and the Moreno Valley City Employees’ Association (Attachment 1), the Moreno Valley Management Association (Attachment 2), and the Moreno Valley Confidential Management Employees (Attachment 3), effective July 1, 2023 through June 30, 2025.
2. Extend the provisions of these agreements to unrepresented career employees.
3. Authorize the City Manager, Assistant City Manager and City Attorney to finalize the draft Personnel Rules and Regulations (Attachment 4) as modified to reflect changes in the successor MOUs and minor A.2
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changes as requested by and in concurrence with the Associations.
4. Approve updates to the Salary Schedule to incorporate revisions as specified in the attached Memoranda of Understanding.
A.8. AUTHORIZATION TO AWARD AN AGREEMENT FOR PROFESSIONAL
CONSULTANT ARCHITECTURAL AND ENGINEERING DESIGN
SERVICES TO GILLIS + PANICHAPAN ARCHITECTS, INC. FOR THE CORPORATE YARD OFFICE BUILDING F PROJECT NO. 803 0055
(Report of: Public Works)
Recommendations:
1. Award an Agreement for Professional Consultant Services to Gillis + Panichapan Architects, Inc. to provide architectural and engineering design services for Corporate Yard Office Building F project in the amount of $352,485.00;
2. Authorize the City Manager to execute the agreement with Gillis + Panichapan Architects, Inc.; and, authorize the City Manager to approve and execute any subsequent amendments subject to the approval by the City Attorney; and,
3. Authorize the issuance of a Purchase Order to Gillis + Panichapan Architects, Inc. in the amount of $352,485.00 when the agreement has been signed by all parties using the available Facility Construction Funds (Fund 3000).
A.9. APPROVE THE 2023 ANNUAL SYSTEM RESOURCE ADEQUACY PLAN FOR MORENO VALLEY UTILITY (Report of: Public Works)
Recommendations:
1. Approve the Annual System Resource Adequacy Plan (Plan) for calendar year 2023 and authorize the City Manager to make minor adjustments to the Plan as necessary to meet State requirements; and
2. Authorize the filing of the 2023 Annual System Resource Adequacy Plan with the California Independent System Operator (CAISO) in compliance with Section 40 of its tariff.
B. CONSENT CALENDAR-COMMUNITY SERVICES DISTRICT
B.1. ORDINANCES - READING BY TITLE ONLY - THE MOTION TO ADOPT AN
ORDINANCE LISTED ON THE CONSENT CALENDAR INCLUDES WAIVER OF FULL READING OF THE ORDINANCE.
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Recommendation: Waive reading of all Ordinances.
B.2. MINUTES - CITY COUNCIL - REGULAR MEETING - OCTOBER 4, 2022 6:00 PM (SEE A.2).
Recommendation:
1. Approve as submitted.
B.3. MINUTES - CITY COUNCIL - CLOSED SESSION - OCTOBER 4, 2022 4:30 PM (SEE A.3).
Recommendation:
1. Approve as submitted.
B.4. PURSUANT TO LANDOWNER PETITIONS, ANNEX CERTAIN PARCELS INTO COMMUNITY FACILITIES DISTRICT NO. 2021-01 (PARKS
MAINTENANCE) - AMENDMENT NOS. 36, 37, 47 and 48 (RESO. NOS.
CSD 2022-64, CSD 2022- 65, CSD 2022-66 & CSD 2022-67) (Report of:
Financial & Management Services)
Recommendation:
1. Adopt Resolution No. 2022-64, a Resolution of the Board for the Moreno Valley Community Services District of the City of Moreno Valley, California, ordering the annexation of territory to City of Moreno Valley Community Facilities District No. 2021-01 (Parks Maintenance) and approving the amended map for said District (Amendment No. 36) (Elizabeth Lora and Rodolfo Plazarazo, located at 25440 Alpha St.).
2. Adopt Resolution No. 2022-65, a Resolution of the Board for the Moreno Valley Community Services District of the City of Moreno Valley, California, ordering the annexation of territory to City of Moreno Valley Community Facilities District No. 2021-01 (Parks Maintenance) and approving the amended map for said District (Amendment No. 37) (Hector Bracamontes and Delia Cristina Vargas, located at 22478 Cobble Creek Dr.).
3. Adopt Resolution No. 2022-66, a Resolution of the Board for the Moreno Valley Community Services District of the City of Moreno Valley, California, ordering the annexation of territory to City of Moreno Valley Community Facilities District No. 2021-01 (Parks Maintenance) and approving the amended map for said District (Amendment No. 47) (JSAMJ, Inc., located at 22824 Chambray Dr.).
4. Adopt Resolution No. 2022-67, a Resolution of the Board for the A.2
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Moreno Valley Community Services District of the City of Moreno Valley, California, ordering the annexation of territory to City of Moreno Valley Community Facilities District No. 2021-01 (Parks Maintenance) and approving the amended map for said District (Amendment No. 48) (Jeremiah S. Jones and 12092 Coachman Land Trust, located at 12094 Coachman Ln.).
B.5. RECOMMENDED PARK REHABILITATION AND REFURBISHMENT
PROGRAM PLAN (Report of: Parks & Community Services)
Recommendations: That the City Council and CSD:
1. Approve the recommended Park Rehabilitation and Refurbishment Program Plan which will be funded by the Park Maintenance Fund; and
2. Authorize the Executive Director to execute any subsequent related agreements, extensions, or amendments for various parks projects, subject to the procurement policy and approval of the City Attorney.
C. CONSENT CALENDAR - HOUSING AUTHORITY
C.1. ORDINANCES - READING BY TITLE ONLY - THE MOTION TO ADOPT AN
ORDINANCE LISTED ON THE CONSENT CALENDAR INCLUDES WAIVER OF FULL READING OF THE ORDINANCE.
Recommendation: Waive reading of all Ordinances.
C.2. MINUTES - CITY COUNCIL - REGULAR MEETING - OCTOBER 4, 2022 6:00 PM (SEE A.2).
Recommendation:
1. Approve as submitted.
C.3. MINUTES - CITY COUNCIL - CLOSED SESSION - OCTOBER 4, 2022 4:30 PM (SEE A.3).
Recommendation:
1. Approve as submitted.
D. CONSENT CALENDAR - BOARD OF LIBRARY TRUSTEES
D.1. ORDINANCES - READING BY TITLE ONLY - THE MOTION TO ADOPT AN
ORDINANCE LISTED ON THE CONSENT CALENDAR INCLUDES WAIVER OF FULL READING OF THE ORDINANCE.
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Recommendation: Waive reading of all Ordinances.
D.2. MINUTES - CITY COUNCIL - REGULAR MEETING - OCTOBER 4, 2022 6:00 PM (SEE A.2).
Recommendation:
1. Approve as submitted.
D.3. MINUTES - CITY COUNCIL - CLOSED SESSION - OCTOBER 4, 2022 4:30 PM (SEE A.3).
Recommendation:
1. Approve as submitted.
E. CONSENT CALENDAR - PUBLIC FINANCING AUTHORITY
E.1. ORDINANCES - READING BY TITLE ONLY - THE MOTION TO ADOPT AN
ORDINANCE LISTED ON THE CONSENT CALENDAR INCLUDES WAIVER OF FULL READING OF THE ORDINANCE.
Recommendation: Waive reading of all Ordinances.
E.2. MINUTES - CITY COUNCIL - REGULAR MEETING -OCTOBER 4, 2022 6:00 PM (SEE A.2).
Recommendation:
1. Approve as submitted.
E.3. MINUTES - CITY COUNCIL - CLOSED SESSION - OCTOBER 4, 2022 4:30 PM (SEE A.3).
Recommendation:
1. Approve as submitted.
F. PUBLIC HEARINGS
Questions or comments from the public on a Public Hearing matter are limited to five minutes per individual and must pertain to the subject under consideration.
Those wishing to speak should complete and submit a GOLDENROD speaker slip to the Sergeant-at-Arms.
F.1. ADOPTION OF 2022 CALIFORNIA BUILDING CODES, CALIFORNIA CODE OF REGULATIONS, TITLE 24, INCORPORATING THE LATEST EDITIONS A.2
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Minutes Acceptance: Minutes of Oct 18, 2022 6:00 PM (CONSENT CALENDAR-CITY COUNCIL) -12-
OF THE MODEL CODES WITH AMENDMENTS (ORD. NO. 991) (Report of:
Community Development)
Recommendations: That the City Council:
1. Conduct a Public Hearing to receive public input on the proposed Ordinance.
2. Introduce and conduct the first reading of Ordinance No. 991, amending Title 8 of the City of Moreno Valley Municipal Code Chapters 8.20, 8.22, 8.23, 8.24, 8.26, 8.28, 8.30, 8.32, 8.34, 8.36,
8.38, and 8.44, to adopt the 2022 Editions of the California Building, Residential, Fire, Energy, Green Building Standards, Mechanical, Plumbing, and Electrical codes with local amendments thereto.
3. Schedule the second reading and adoption of Ordinance No. 991 for the next regular Council meeting.
RESULT: APPROVED [UNANIMOUS]
MOVER: Ulises Cabrera, Council Member
SECONDER: Elena Baca-Santa Cruz, Council Member
AYES: Delgado, Baca-Santa Cruz, Gutierrez, Marquez, Cabrera Tom Jerele Sr.
1. Expressed support for the building code.
2. Provided a suggestion regarding the building code.
Louise Palomarez
1. Expressed support for the building code.
2. Critical of Council Member Cabrera.
G. GENERAL BUSINESS
None.
H. ITEMS REMOVED FROM CONSENT CALENDARS FOR DISCUSSION OR
SEPARATE ACTION
None.
I.REPORTS
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I.1.CITY COUNCIL REPORTS
(Informational Oral Presentation - not for Council action) March Joint Powers Commission (JPC)
None.
Riverside County Habitat Conservation Agency (RCHCA)
None.
Riverside County Transportation Commission (RCTC)
None.
Riverside Transit Agency (RTA)
Council Member Marquez reported the following:
On October 5th the Committee heard a report regarding the holiday events schedule and authorized staff to work with the individual cities and coordinate Riverside Transit Agency’s involvement in 2022 holiday events.
The Committee also accepted the State of California Transportation Development Act Triennial Performance Audit Results for Fiscal Years 2019- 2021 (FY19-FY21).
On the September 22nd Committee meeting The Board authorized RTA staff to award a contract to First Transit, Inc. that contract will provide software and services for the Agency’s Pilot Program which will replace under-performing fixed-route transit service.
The Board also authorized free rides on Election Day, November 8th as well as New Year’s Eve for all fixed bus routes to help support riders those days.
Western Riverside Council of Governments (WRCOG)
Mayor Pro Tem Delgado reported the following:
Items covered at the WRCOG Executive Committee meeting on October 3, 2022 included the WRCOG Executive Committee adopting the Unclaimed Refund Policy and Procedure for the PACE Program.
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All unclaimed PACE refunds will be forwarded to the State where they can be perpetually available for property owners or their heirs to submit valid claims.
Western Riverside County Regional Conservation Authority (RCA) None.
School District/City Joint Task Force
Council Member Cabrera reported the following:
The Joint Task Force met this afternoon. Representatives from the Moreno Valley and Val Verde Unified School Districts, California State Parks at Lake Perris, and Moreno Valley College attended the meeting alongside City Staff.
Highlights from the meeting are as follows:
· The committee suggested a four-prong approach to address student safety as Moreno Valley schools experience traffic issues while dropping off and picking up children. This approach includes the following:
o Parent Education
o Increased Safe Routes to School Program Funding
o Address traffic issues with improved striping, signage and crosswalks
o Enforcement
· Additionally, the city-wide initiative encourages collaboration to expand broadband internet services for students and their families at home.
Providing this service will give students and teachers the ability to access all different types of information from resources across the globe. · Finally, the City, School Districts and Moreno Valley College are coordinating to provide emergency preparedness training to ensure the agencies are prepared for any future emergencies. Trainings will include fire drills, earthquake drills, CPR and first aid training.
I.2.EMPLOYEE ASSOCIATION REPORTS
Moreno Valley Management Association
1. Thanked the city's negotiation team and City Council for their support.
Moreno Valley City Employee Association
1. Thanked the city's management team and City Council for their support.
I.3.CITY MANAGER'S REPORT
1. Commended Mayor and City Council for their support and approval of the Park Rehabilitation Project.
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2. Announced free adoption for all cats and dogs at the Moreno Valley Animal Shelter for the next 30 days.
CLOSING COMMENTS AND/OR REPORTS OF THE CITY COUNCIL, COMMUNITY
SERVICES DISTRICT, CITY AS SUCCESSOR AGENCY FOR THE COMMUNITY
REDEVELOPMENT AGENCY, HOUSING AUTHORITY, PUBLIC FINANCING AUTHORITY, AND THE BOARD OF LIBRARY TRUSTEES.
Council Member Marquez
1. Attended California Cannabis Control Conference.
2. Commented on lawsuit.
Council Member Cabrera
1. Congratulated the Moreno Valley School District.
2. Commented on state of the community.
Council Member Baca-Santa Cruz
1. Commented on requestable public information.
2. Stated support of improvements at Senior Center and Animal Shelter.
3. Requested to add a future agenda item looking at the Brown Act Violation that occurred.
4. Requested City Council meeting date changes.
5. Recounted Baca vs. Moreno Valley Unified.
Mayor Pro Tem Delgado
1. Acknowledged Breast Cancer Awareness Month.
2. Addressed safety near local schools.
3. Thanked Parks and Community Service Staff for their work.
4. Encouraged accountability.
Mayor Gutierrez
1. Acknowledged City history.
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2. Expressed excitement for upcoming City projects.
3. Emphasized safety on Halloween.
ADJOURNMENT
There being no further business to come before the City Council, Mayor Gutierrez adjourned the meeting at 8:24 p.m.
PUBLIC INSPECTION
The contents of the agenda packet are available for public inspection on the City’s website at www.moval.org and in the City Clerk’s office at 14177 Frederick Street during normal business hours.
Any written information related to an open session agenda item that is known by the City to have been distributed to all or a majority of the City Council less than 72 hours prior to this meeting will be made available for public inspection on the City’s website at www.moval.org and in the City Clerk’s office at 14177 Frederick Street during normal business hours.
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Minutes Acceptance: Minutes of Oct 18, 2022 6:00 PM (CONSENT CALENDAR-CITY COUNCIL) -17-
Submitted by:
___________________________
Jane Halstead, CMC
City Clerk
Secretary, Moreno Valley Community Services District
Secretary, City as Successor Agency for the Community
Redevelopment Agency of the City of Moreno Valley
Secretary, Moreno Valley Housing Authority
Secretary, Board of Library Trustees
Secretary, Public Financing Authority
Approved by:
___________________________
Dr. Yxstian A. Gutierrez
Mayor
City of Moreno Valley
President, Moreno Valley Community Services District
Chairperson, City as Successor Agency for the Community Redevelopment Agency of the City of Moreno Valley
Chairperson, Moreno Valley Housing Authority
Chairperson, Board of Library Trustees
Chairperson, Public Financing Authority
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Minutes Acceptance: Minutes of Oct 18, 2022 6:00 PM (CONSENT CALENDAR-CITY COUNCIL) -1-
MINUTES
CITY COUNCIL OF THE CITY OF MORENO VALLEY
MORENO VALLEY COMMUNITY SERVICES DISTRICT
CITY AS SUCCESSOR AGENCY FOR THE
COMMUNITY REDEVELOPMENT AGENCY OF THE
CITY OF MORENO VALLEY
MORENO VALLEY PUBLIC FINANCING AUTHORITY
MORENO VALLEY HOUSING AUTHORITY
CLOSED SESSION – 4:30 PM
October 18, 2022
CALL TO ORDER
The Closed Session of the City Council of the City of Moreno Valley, Moreno Valley Community Services District, City as Successor Agency for the Community Redevelopment Agency of the City of Moreno Valley, Housing Authority, and the Moreno Valley Public Financing Authority was called to order at 4:36 p.m. by Mayor Gutierrez in the Council Chamber located at 14177 Frederick Street, Moreno Valley, California.
Mayor Gutierrez announced that the City Council receives a separate stipend for CSD meetings.
ROLL CALL
Council: Dr. Yxstian A. Gutierrez Mayor
Edward A. Delgado Mayor Pro Tem
Elena Baca-Santa Cruz Council Member
Ulises Cabrera Council Member
David Marquez Council Member
PUBLIC COMMENTS ON MATTERS ON THE AGENDA ONLY
Mayor Gutierrez opened the public comments portion of the meeting for items listed on the agenda only. There being no members of the public to come forward to speak, he closed the public comments.
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Minutes Acceptance: Minutes of Oct 18, 2022 4:30 PM (CONSENT CALENDAR-CITY COUNCIL) -2-
CLOSED SESSION
Interim City Attorney Quintanilla announced that the City Council would recess to Closed Session to discuss the item as listed on the agenda.
A CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION Pursuant to Government Code Section 54956.9
Case Name: Sierra Club et al. v. City of Moreno Valley
Case No.: Riverside County Superior Court Case No. CVR12103300
B CONFERENCE WITH LEGAL COUNSEL EXPOSURE TO LITIGATION
Pursuant to Government Code Section 54956 (4 Potential Cases) Pursuant to Brown Act, Interim City Attorney Quintanilla publicly announced the facts and circumstances related to each potential litigation item. o Risk associated with filing appeals of cannabis decisions made by the Planning Commission.
o Inquiries regarding the city's cannabis appeals.
o Request for indemnification from the former City Clerk. o Conclusion of a Human Resources investigation.
Mayor Gutierrez recessed the City Council to the City Manager's Conference Room, second floor, City Hall, for their Closed Session at 4:38 p.m.
Mayor Gutierrez reconvened the City Council in the Council Chamber from their Closed Session at 6:00 p.m.
REPORT OF ACTION FROM CLOSED SESSION, IF ANY, BY CITY ATTORNEY Interim City Attorney Quintanilla reported the following:
1. There was no reportable action taken for the Sierra Club case.
2. For the potential litigation item related to the cannabis appeal, there was no reportable action taken.
3. For the potential litigation item related to cannabis appeals and campaign A.3
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disclosures, the City Council voted 3-2, with Mayor Gutierrez, Mayor Pro Tem Delgado, and Council Member Baca-Santa Cruz voting “Yes,” to waive the attorney-client privilege regarding this matter and to direct the City Attorney’s Office to cooperate with the DA’s office by providing any related attorney-client privilege information to the DA at their request.
4. For the potential litigation item related the former City Clerks’ request for indemnification for the cost of her defense in a civil lawsuit, the City Council voted 5-0 to indemnify the former City Clerk
5. For the potential litigation item related to the conclusion of the investigation of the complaint that was filed against the City by the former City Clerk, based on allegations of discrimination, retaliation and harassment, the City Council voted 4-0, Mayor Gutierrez, Mayor Pro Tem Delgado, Council Member Marquez, and Council Member Baca-Santa Cruz, voting to take further action on the matter.
The City Council also voted 4-0, with Mayor Gutierrez, Mayor Pro Tem Delgado, Council Member Marquez, and Council Member Baca-Santa Cruz, voting to waive the attorney/client privilege, and to direct [the City Attorney] to read the Executive Summary of the investigation report that was sent to Interim City Attorney Quintanilla by Special Counsel Danny Yoo, who coordinated the investigation. Interim City Attorney Quintanilla read the Executive Summary as follows:
“On or around November 9, 2021, former City Clerk Pat Jacquez-Nares complained about possible discrimination, harassment, and retaliation by Council Members Ulises Cabrera and David Marquez. The City of Moreno Valley retained, via Special Labor Counsel, outside attorney Danielle Drossel of the Oppenheimer Investigation Group to investigate the allegations. Ms.
Drossel interviewed eight witnesses and reviewed relevant documents.
Ms. Drossel was tasked to investigate the following:
1. Did Council Member Cabrera make comments or engage in conduct toward The former City Clerk that could reasonably be perceived as threatening or intimidating? If so, what were the comments and circumstances?
2. Did Council Member Cabrera speak to the former City Clerk in a belittling or derogatory manner? If so, did he do so because of her gender?
3. On or around November 9, 2021, did Council Member Marquez tell [a City Employee] that the former was “not going to come back to work anymore,” or words to that effect? If so, did Marquez make the comment to threaten or intimidate Jacquez-Nares?
4. Did Council Member Cabrera and Council Member Marquez attempt to A.3
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Minutes Acceptance: Minutes of Oct 18, 2022 4:30 PM (CONSENT CALENDAR-CITY COUNCIL) -4-
pressure or influence [a City Employee] to make a complaint or grievance against the former City Clerk? If so, did they do so because the former City Clerk made a complaint against Cabrera and Marquez?
On September 9, 2022, Ms. Drossel completed her investigation report and did not sustain any allegations of unlawful discrimination, harassment, or retaliation.
There were two only two partially sustained findings, which were that Council Member Cabrera made comments that could have been perceived as threatening or intimidating and that he belittled the former City Clerk by ignoring her. None of these partially sustained findings were found to be based on a protected class or protected activity.”
ADJOURNMENT
There being no further business to come before the City Council, Mayor Gutierrez adjourned the meeting at 6:04 p.m.
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Minutes Acceptance: Minutes of Oct 18, 2022 4:30 PM (CONSENT CALENDAR-CITY COUNCIL) -5-
Submitted by:
___________________________
Jane Halstead, CMC
City Clerk
Secretary, Moreno Valley Community Services District
Secretary, City as Successor Agency for the Community
Redevelopment Agency of the City of Moreno Valley
Secretary, Moreno Valley Housing Authority
Secretary, Board of Library Trustees
Secretary, Public Financing Authority
Approved by:
___________________________
Dr. Yxstian A. Gutierrez
Mayor
City of Moreno Valley
President, Moreno Valley Community Services District
Chairperson, City as Successor Agency for the Community Redevelopment Agency of the City of Moreno Valley
Chairperson, Moreno Valley Housing Authority
Chairperson, Board of Library Trustees
Chairperson, Public Financing Authority
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Minutes Acceptance: Minutes of Oct 18, 2022 4:30 PM (CONSENT CALENDAR-CITY COUNCIL)
Report to City Council
ID#5994 Page 1
TO: Mayor and City Council
FROM: Jane Halstead, CMC, City Clerk
AGENDA DATE: November 1, 2022
TITLE: MAYORAL APPOINTMENTS TO THE PLANNING
COMMISSION
RECOMMENDED ACTION
Recommendation:
1. Receive and confirm the slate of Mayoral appointments as follows:
PLANNING COMMISSION
Name Position Term
Ray Baker Member Ending 6/30/25
CITY COUNCIL GOALS
Advocacy. Develop cooperative intergovernmental relationships and be a forceful advocate of City policies, objectives, and goals to appropriate external governments, agencies and corporations.
CITY COUNCIL STRATEGIC PRIORITIES
1. Economic Development
2. Public Safety
3. Library
4. Infrastructure
5. Beautification, Community Engagement, and Quality of Life
6. Youth Programs
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ATTACHMENTS
To view large attachments, please click your “bookmarks” on the left hand side of this document for the necessary attachment.
1. Ray Baker_Redacted
APPROVALS
Budget Officer Approval ✓ Approved . 10/27/22 12:57 PM City Attorney Approval ✓ Approved .
City Manager Approval ✓ Approved . 10/27/22 1:09 PM A.4
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A.4.a
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Attachment: Ray Baker_Redacted (5994 : MAYORAL APPOINTMENTS TO THE PLANNING COMMISSION) A.4.a
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Attachment: Ray Baker_Redacted (5994 : MAYORAL APPOINTMENTS TO THE PLANNING COMMISSION) A.4.a
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Attachment: Ray Baker_Redacted (5994 : MAYORAL APPOINTMENTS TO THE PLANNING COMMISSION)
Report to City Council
ID#5723 Page 1
TO: Mayor and City Council
FROM: Brian Mohan, Assistant City Manager
AGENDA DATE: November 1, 2022
TITLE: RECEIPT OF QUARTERLY INVESTMENT REPORT FOR
THE QUARTER ENDED SEPTEMBER 30, 2022
RECOMMENDED ACTION
Recommendation:
1. Receive, file the Quarterl y Investment Report for quarter ended September 30, 2022, in compliance with the City’s Investment Policy and approve resolution adopting the Section 115 Trust administered by PARS.
SUMMARY
The attached Quarterly Investment Report presents the City’s cas h and investments for the quarter that ended September 30, 2022. This report is in compliance with California Government Code Section 53646 regarding the reporting of detailed information on all securities, investments, and monies of the City, as well as the reporting of the market value of the investments held. All of the investments contained within the portfolio are in full compliance with the City’s Investment Policy and Government Code Section 53601 as to the types of investments allowed. It is reco mmended that the City Council receive, file the attached Quarterly Investment Report and approve resolution adopting the Section 115 Trust administered by PARS.
DISCUSSION
The City maintains a portfolio of investments in order to earn interest on cash ba lances that are not currently required to fund operations. California Government Code Sections 53601 and 53646 establish the types of investments allowed, the governing restrictions on these investments, the third -party custodian arrangement for certain in vestments, and the reporting practices related to the portfolios of local agencies. In keeping with best practices, the City has implemented an Investment Policy, which was last reviewed by the City Council on June 21, 2022. The policy is in full complian ce with the A.5
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requirements of both of the above-mentioned Code Sections.
The attached Quarterly Investment Report presents the City’s cash and investments for the quarter that ended September 30, 2022. The report complies with California Government Code Se ction 53646 regarding the reporting of detailed information on all securities, investments, and monies of the City, as well as the reporting of the market value of the investments held. All of the investments contained within the portfolio are in full compliance with the City’s Investment Policy and Government Code Section 53601 as to the types of investments allowed. As stated in the attached report, there is more than adequate liquidity within the portfolio for the City to meet its budgeted expenditures over the next six months.
The City’s investment policy has set the primary goals of the portfolio management as Safety and Liquidity followed by Yield. The City’s cash flow requirements are evaluated on an ongoing basis, with short -term needs accommodated through the City’s pooled investment funds with the Local Agency Investment Fund (LAIF). LAIF is a pool of public funds managed by the State Treasurer of California, providing 24 -hour liquidity while yielding a rate of return approximately equivalent to a one-year treasury bill. With the combined use of a conservative approach to evaluating cash flow needs and LAIF liquidity, the City will not have to liquidate securities at current market rates that are intended to be held for longer-term investment.
The table shows some of the key portfolio measures for the month.
Portfolio
Balance
Avg. Yield to Maturity Trends
September 2022 August 2022 September 2021
Investments 217,877,998 1.51% 1.48% 1.38%
LAIF 151,304,379 1.513% 1.276% 0.206%
Bond proceeds are held and invested by a Trustee. The investment of these funds is governed by an investment policy approved by the City Council as a part of the governing documents for each specific bond issue. Deferred Compensation Plan funds are not included in the report since these funds are held and invested by the respective plan administrators based on the direction of the participating employees. These funds are placed in a trust separate from City funds.
ALTERNATIVES
1. Receive and file the Quarterly Investment Report for September 30, 2022. Staff recommends this alternative as it accomplishes timely investment reporting.
2. Do not accept and file the Quarterly Investment Report and provide staff with additional direction. Staff does not recommend thi s alternative as it will not accomplish timely investment reporting.
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FISCAL IMPACT
For additional information regarding the bond market, please see the attached Bond Market Review provided by Chandler Asset Management.
NOTIFICATION
Publication of the agenda
PREPARATION OF STAFF REPORT
Prepared By: Department Head Approval:
Annabelle Wang Brian Mohan
Financial Operations Division Manager Assistant City Manager
CITY COUNCIL GOALS
None
CITY COUNCIL STRATEGIC PRIORITIES
1. Economic Development
2. Public Safety
3. Library
4. Infrastructure
5. Beautification, Community Engagement, and Quality of Life
6. Youth Programs
ATTACHMENTS
1. 2022-09 Investment Report
2. CAM-Newsletter-September-2022
CITY COUNCIL GOALS
Revenue Diversification and Preservation. Develop a variety of City revenue sources and policies to create a stable revenue base and fiscal policies to support essential City services, regardless of economic climate.
CITY COUNCIL STRATEGIC PRIORITIES
1. Economic Development
2. Public Safety
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3. Library
4. Infrastructure
5. Beautification, Community Engagement, and Quality of Life
6. Youth Programs
ATTACHMENTS
To view large attachments, please click your “bookmarks” on the left hand side of this document for the necessary attachment.
3. Investment Report - September 2022
4. PARS 115 Trust City Resolution 2022-XX
APPROVALS
Budget Officer Approval ✓ Approved . 10/25/22 7:58 AM City Attorney Approval ✓ Approved .
City Manager Approval ✓ Approved . 10/25/22 9:19 AM A.5
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3,287,790 3,287,790 3,287,790
151,304,379 148,393,428 151,304,379 0.84 1.513%
Investments 218,897,157 204,270,663 217,877,998 2.49 1.51% 2.37 373,489,326 355,951,881 372,470,167
5,357,287
Total Investment Portfolio 361,309,168
1. I hereby certify that the investments are in compliance with the investment policy adopted by the City Council. There are no items of non-compliance for this period.
3. The market value for LAIF is provided by the State Treasurer's Office.
4. The market values for investments held by fiscal agents are provided by each respective trustee or fiscal agent.
5. The City has the ability to meet its budgeted expenditures for the next six months pending any future action by City Council or any unforeseen catastrophic event. /S/ Brian Mohan
City Treasurer
2. The market values for the investments in the General Portfolio are provided by the City's investment advisors.
Average
Duration
(in years)
Total Funds with Fiscal Agents
Cost Value Market ValueGeneral Portfolio
CITY OF MORENO VALLEY
Treasurer's Cash and Investments Report
September 2022
Bank Accounts
State of California LAIF Pool
Total General Portfolio
Par Value
Average Maturity
(in years)
Average Yield
to Maturity
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Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT
CITY OF MORENO VALLEY
Treasurer's Cash and Investments Report
Asset Balance (par) Avg YTM (2) Balance Yield Asset Balance (par) Investment
Portfolio (4)
Benchmark 1-5
Gov(5)
Oct 19 214,964,798 2.12% 54,181,584 2.190% 157,861,930 2.14% 5.77% 5.93% Nov 19 214,680,646 2.08% 53,481,584 2.103% 158,054,077 2.13% 5.33% 5.39% Dec 19 212,612,925 2.06% 50,681,584 2.043% 158,388,112 2.12% 4.48% 4.44% Jan 20 229,167,101 1.94% 55,970,504 1.967% 158,699,920 2.12% 4.87% 4.91% Feb 20 230,049,439 1.99% 66,570,054 1.912% 158,969,268 2.09% 5.79% 6.00% Mar 20 225,363,037 1.94% 62,570,054 1.787% 159,105,226 2.06% 5.56% 6.45% Apr 20 225,445,326 1.85% 62,878,795 1.648% 159,403,581 2.04% 6.06% 6.63% May 20 219,117,777 1.77% 55,278,795 1.363% 159,679,729 1.97% 5.69% 5.90% Jun 20 236,772,134 1.68% 72,778,795 1.217% 160,035,042 1.95% 5.34% 5.32% Jul 20 226,372,547 1.60% 61,612,184 0.920% 160,406,297 1.93% 5.67% 5.70% Aug 20 223,935,560 1.57% 58,612,184 0.784% 160,692,610 1.90% 4.65% 4.45% Sep 20 218,568,986 1.54% 53,112,184 0.685% 161,062,847 1.87% 4.82% 4.68% Oct 20 215,409,591 1.53% 49,242,648 0.620% 161,363,505 1.85% 4.43% 4.23% Nov 20 219,911,125 1.45% 52,542,648 0.576% 161,645,491 1.79% 4.60% 4.43% Dec 20 222,707,950 1.41% 56,542,648 0.540% 162,067,058 1.75% 4.59% 4.36% Jan 21 247,976,895 1.26% 76,625,187 0.458% 162,426,675 1.72% 3.70% 3.42% Feb 21 261,300,356 1.19% 92,625,187 0.407% 162,768,446 1.68% 2.27% 1.89% Mar 21 252,962,115 1.18% 83,325,187 0.357% 163,251,768 1.64% 1.56% 0.49% Apr 21 258,986,067 1.14% 83,309,833 0.339% 163,515,676 1.64% 1.10% 0.34% May 21 293,505,179 1.01% 122,550,449 0.315% 163,706,976 1.59% 0.83% 0.25% Jun 21 300,785,514 0.95% 129,050,449 0.262% 164,046,885 1.54% 0.31% -0.09% Jul 21 289,495,404 0.96% 110,832,982 0.221% 174,080,540 1.45% 0.39% 0.04% Aug 21 286,942,097 0.93% 106,832,983 0.221% 174,309,851 1.40% 0.29% 0.01% Sep 21 288,344,781 0.92% 106,832,983 0.206% 174,624,047 1.38% 0.02% -0.27% Oct 21 288,711,262 0.91% 106,900,067 0.203% 174,923,444 1.38% -0.42% -0.63% Nov 21 294,654,846 0.92% 100,300,067 0.203% 184,906,704 1.35% -0.62% -0.71% Dec 21 294,627,511 0.94% 92,300,067 0.212% 195,311,898 1.32% -0.95% -1.05% Jan 22 294,969,319 0.94% 92,358,252 0.234% 195,595,521 1.30% -1.88% -1.92% Feb 22 324,897,541 0.98% 107,358,252 0.278% 205,732,226 1.34% -2.02% -2.01% Mar 22 325,131,296 0.99% 107,658,252 0.365% 206,012,398 1.35% -3.64% -3.70% Apr 22 324,515,844 1.06% 107,738,556 0.523% 206,412,804 1.36% -4.72% -4.76% May 22 346,565,395 1.12% 115,338,556 0.684% 216,762,042 1.40% -4.39% -4.33% Jun 22 383,476,803 1.19% 162,579,173 0.861% 217,107,439 1.40% -4.79% -4.74% Jul 22 369,199,807 1.28% 141,304,379 1.090% 217,349,391 1.44% -4.38% -4.36% Aug 22 370,452,358 1.41% 146,304,379 1.276% 217,602,629 1.48% -5.38% -5.50% Sep 22 372,470,167 1.54% 151,304,379 1.513% 217,877,998 1.51% -6.67% -6.91% Notes:
PORTFOLIO PERFORMANCE - 36 MONTH TREND
Period
Total General Portfolio (1) Local Agency Investment Fund (LAIF) Chandler Asset Management (CAM)
Rate of Return (3)
Weighted Avg
YTM (2)
(1) Total General Portfolio includes all assets that comprise the City's Investment Portfolio which is LAIF as well as assets managed by Chandler Asset Management. (2) Yield to Maturity (YTM): The rate of return on an investment or security if it were to be held until maturity. This yield does not reflect changes in the market value of a security (4) The Rate of Return for the investment portfolio reflects the performance of the portfolio during the past twelve months. (5) The portfolio benchmark is the ICE Bank of America-Merrill Lynch 1 to 5 year Government Index (3) Rate of Return represents the gain or loss on an investment or portfolio of investments over a specified period, expressed as a percentage of increase over the initial investment cost. Gains on investments are considered to be any income received from the security or portfolio plus any realized capital gain. This measure of return recognizes the changes in market values of a security or portfolio of securities.
A.5.a
Packet Pg. 44
Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT
CITY OF MORENO VALLEY
Treasurer's Cash and Investments Report
PORTFOLIO CHARACTERISTICS
The portfolio invested in LAIF represents the City's immediate cash liquidity needs and is managed by City staff in a manner to fund the day to day operations of the City.
The portfolio managed by Chandler is comprised of idle cash balances related to funds that generally expect to expend cash with the next 12 to 60 months. $10$20$30$40$50$60$70$80$90$100$110$120$130$140$150$160$170$180$190$200$210$220$230$240$250$260$270$280$290$300$310$320$330$340$350$360$370$380$390$400Millions Portfolio Balances Trend ($)
LAIF
Chandler
-8.0%
-6.0%
-4.0%
-2.0%
0.0%
2.0%
4.0%
6.0%
8.0%
Benchmark Comparison
Ice BAML Government 1-5 Index City Portfolio
0.00%
0.25%
0.50%
0.75%
1.00%
1.25%
1.50%
1.75%
2.00%
2.25%
2.50%
Avg Yield to Maturity Trend
LAIF Chandler
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Portfolio Balances Trend (%)
LAIF
Chandler
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Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT
CITY OF MORENO VALLEY
Treasurer's Cash and Investments Report
Trustee Bond Description
Investment
Type Issuer Value Date Maturity Date Market Value
Stated
Rate Yield Price
% of of
Portfolio
Wells Fargo Community Facilities Disctrict 87-1 (IA-1) Money Market WF Government Fund 9/30/2022 10/1/2022 $ 728,010 0.03% 0.00% 0.00 13.59% Wells Fargo 2013 Partial Refunding of the 2005 Lease Revenue Bonds Money Market WF Government Fund 9/30/2022 10/1/2022 $ 4 0.03% 0.03% 1.00 0.00% Wells Fargo 2014 Partial Refunding of the 2005 Lease Revenue Bonds Money Market WF Government Fund 9/30/2022 10/1/2022 $ 58 0.03% 0.03% 1.00 0.00% Wells Fargo 2016 Community Facilities District 7 Improvement Area 1 Money Market WF Government Fund 9/30/2022 10/1/2022 $ 198,975 0.03% 0.03% 1.00 3.71% Wells Fargo 2017 Refunding of the 2007 RDA TABs Money Market WF Government Fund 9/30/2022 10/1/2022 $ 755,464 0.02% 0.02% 1.00 14.10% Wells Fargo 2019 Taxable Lease Revenue Bonds (Electric Utility) Money Market WF Government Fund 9/30/2022 10/1/2022 $ 3,673,588 0.02% 0.02% 2.00 68.57% Wilmington Trust 2020 Taxable Refunding of the 2013 TRIP COPs Money Market Federated Hermes Gov Fund 9/30/2022 10/1/2022 $ 1,172 0.03% 0.03% 1.00 0.02% Wells Fargo 2021 Taxable Refunding Lease Revenue Bonds (Electric Utility) Money Market WF Government Fund 9/30/2022 10/1/2022 $ 16 0.02% 0.02% 2.00 0.00% Total 5,357,287$ 100%
Trustee Bond Description Construction fund Debt Service Reserve &
Other Total
Wells Fargo Community Facilities Disctrict 87-1 (IA-1) $0 $728,010 $0 $728,010 Wells Fargo 2013 Partial Refunding of the 2005 Lease Revenue Bonds $0 $4 $0 $4 Wells Fargo 2014 Partial Refunding of the 2005 Lease Revenue Bonds $0 $58 $0 $58 Wells Fargo 2016 Community Facilities District 7 Improvement Area 1 $0 $474 $198,501 $198,975 Wells Fargo 2017 Refunding of the 2007 RDA TABs $0 $755,464 $0 $755,464 Wells Fargo 2019 Taxable Lease Revenue Bonds (Electric Utility) $3,673,583 $5 $0 $3,673,588 Wilmington Trust 2020 Taxable Refunding of the 2013 TRIP COPs $0 $1,172 $0 $1,172 Wells Fargo 2021 Taxable Refunding Lease Revenue Bonds (Electric Utility) $0 $16 $0 $16 Total $3,673,583 $1,485,203 $198,501 $5,357,287
FUNDS WITH FISCAL AGENTS
By Investment Type
By Fund Purpose
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Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT
CITY OF MORENO VALLEY
Treasurer's Cash and Investments Report
Account Name Account Number Investment Value Date Maturity Date Market Value Stated
Rate Yield Price
% of of
Portfolio
Wells Fargo Community Facilities Disctrict 87-1 (IA-1)
Special tax funds 22631900 Money Market 09/30/22 10/01/22 684 0.03% 0.03% 1.000 0.013% Interest acct 22631901 Money Market 09/30/22 10/01/22 17,938 0.03% 0.03% 1.000 0.335% Principal fund 22631902 Money Market 09/30/22 10/01/22 330,001 0.03% 0.03% 1.000 6.160% Reserve fund 22631904 Money Market 09/30/22 10/01/22 362,659 0.03% 0.03% 1.000 6.769% Admin exp acct 22631905 Money Market 09/30/22 10/01/22 15,072 0.03% 0.03% 1.000 0.281% Surplus acct 22631907 Money Market 09/30/22 10/01/22 1,656 0.03% 0.03% 1.000 0.031% 728,010
Wells Fargo 2013 Partial Refunding of the 2005 Lease Revenue Bonds Revenue fund 48360700 Money Market 09/30/22 10/01/22 4 0.03% 0.03% 1.000 0.000% Interest fund 48360701 Money Market 09/30/22 10/01/22 0 0.00% 0.00% 0.000 0.000% Principal fund 48360702 Money Market 09/30/22 10/01/22 0 0.00% 0.00% 0.000 0.000% 4 Wells Fargo 2014 Partial Refunding of the 2005 Lease Revenue Bonds Revenue fund 83478300 Money Market 09/30/22 10/01/22 58 0.03% 0.03% 1.000 0.001% Interest fund 83478301 Money Market 09/30/22 10/01/22 0 0.00% 0.00% 1.000 0.000% Principal fund 83478302 Money Market 09/30/22 10/01/22 0 0.00% 0.00% 0.000 0.000% 58 Wells Fargo Community Facilities District 7 Improvement Area 1 Special tax fund 77025300 Money Market 09/30/22 10/01/22 27,852 0.03% 0.03% 1.000 0.520% Bond fund 77025301 Money Market 09/30/22 10/01/22 468 0.03% 0.03% 1.000 0.009% Reserve fund 77025302 Money Market 09/30/22 10/01/22 170,649 0.03% 0.03% 1.000 3.185% Admin exp acct 77025305 Money Market 09/30/22 10/01/22 5 0.03% 0.03% 1.000 0.000% 198,975
Wells Fargo 2017 Refunding of the 2007 RDA TABs
Income fund 49150300 Money Market 09/30/22 10/01/22 755,464 0.02% 0.02% 1.000 14.102% Interest fund 49150301 Money Market 09/30/22 10/01/22 0 0.00% 0.00% 0.000 0.000% Reserve fund 49150304 Money Market 09/30/22 10/01/22 0 0.00% 0.00% 1.000 0.000% 755,464
FUNDS WITH FISCAL AGENTS
A.5.a
Packet Pg. 47
Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT
CITY OF MORENO VALLEY
Treasurer's Cash and Investments Report
Wells Fargo 2019 Taxable Lease Revenue Bonds (Electric utility) Revenue fund 83056100 Money Market 09/30/22 10/01/22 5 0.02% 0.02% 2.000 0.000% Interest fund 83056101 Money Market 09/30/22 10/01/22 0 0.00% 0.00% 1.000 0.000% Construction fund 83056103 Money Market 09/30/22 10/01/22 3,673,583 0.02% 0.02% 1.000 68.572% 3,673,588 1.00%
Wilmington Trust 2020 Taxable Refunding of the 2013 TRIP COPs Revenue fund 143629-000 Money Market 09/30/22 10/01/22 361 0.03% 0.03% 1.000 0.007% Interest fund 143629-001 Money Market 09/30/22 10/01/22 0 0.00% 0.00% 1.000 0.000% Principal fund 143629-002 Money Market 09/30/22 10/01/22 0 0.00% 0.00% 1.000 0.000% Reserve fund 143629-003 Money Market 09/30/22 10/01/22 0 0.00% 0.00% 1.000 0.000% Admin fund 143629-004 Cash 09/30/22 10/01/22 0 0.00% 0.00% 1.000 0.000% Admin fund 143629-004 Money Market 09/30/22 10/01/22 811 0.03% 0.03% 1.000 0.015% Surplus fund 143629-005 Money Market 09/30/22 10/01/22 0 0.00% 0.00% 1.000 0.000% 1,172
Wells Fargo 2021 Taxable Refunding Lease Revenue Bonds (Electric Utility) Revenue fund 83056107 Money Market 09/30/22 10/01/22 16 0.02% 0.02% 2.000 0.000% Interest fund 83056108 Money Market 09/30/22 10/01/22 0 0.00% 0.00% 0.000 0.000% Principal fund 83056109 Money Market 09/30/22 10/01/22 0 0.00% 0.00% 0.000 0.000% Acquisition & construction 83056110 Money Market 09/30/22 10/01/22 0 0.00% 0.00% 0.000 0.000% Reserve fund 83056111 Money Market 09/30/22 10/01/22 0 0.00% 0.00% 2.000 0.000% Bond proceeds 83056112 Money Market 09/30/22 10/01/22 0 0.00% 0.00% 0.000 0.000% Cost of issuance 83056113 Money Market 09/30/22 10/01/22 0 0.00% 0.00% 0.000 0.000% 16 5,357,287 100.000%
Type
1 1 Construction Funds 3,673,583
2 2 Principal & Interest Accounts 1,105,812
3 3 Debt Service Reserve Funds 533,308
4 4 Custody Accounts 27,852
5 5 Arbitrage Rebate Accounts 1,656
6 6 Other Accounts 15,077
Total Fiscal Agent Funds 5,357,287
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Packet Pg. 48
Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT City of Moreno Valley
MONTHLY ACCOUNT STATEMENT
SEPTEMBER 1, 2022 THROUGH SEPTEMBER 30, 2022
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures.
CHANDLER ASSET MANAGEMENT
chandlerasset.com
Chandler Team:
For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian
US Bank
Alexander Bazan
(503) 402-5305
A.5.a
Packet Pg. 49
Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT
ACCOUNT SUMMARY
Beg. Values
as of 8/31/22
End Values
as of 9/30/22
Market Value 197,422,219 194,229,521
Accrued Interest 726,706 727,988
Total Market Value 198,148,925 194,957,508
Income Earned 254,221 259,851
Cont/WD 0
Par 207,557,318 207,832,560
Book Value 207,879,617 208,094,571
Cost Value 208,639,203 208,882,492
TOP ISSUERS
Government of United States 25.8%
Federal Home Loan Mortgage Corp 11.2%
Federal National Mortgage Assoc 9.5%
Federal Home Loan Bank 4.4%
Inter-American Dev Bank 3.0%
International Finance Corp 2.9%
Intl Bank Recon and Development 2.8%
Bank of America Corp 1.9%
Total 61.5%
PORTFOLIO CHARACTERISTICS
Average Modified Duration 2.37
Average Coupon 1.64%
Average Purchase YTM 1.51%
Average Market YTM 4.49%
Average S&P/Moody Rating AA+/Aa1
Average Final Maturity 2.73 yrs
Average Life 2.49 yrs
CREDIT QUALITY (S&P)
MATURITY DISTRIBUTION
SECTOR ALLOCATION
Portfolio Summary
As of September 30, 2022
City of Moreno Valley
PERFORMANCE REVIEW
Annualized
TOTAL RATE OF RETURN 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS 5/31/2010 City of Moreno Valley -1.62% -1.95% -6.00% -6.67% -3.38% -0.72% 0.60% 0.87% 1.23% ICE BofA 1-5 Yr US Treasury & Agency Index -1.69% -2.28% -6.13% -6.78% -3.63% -0.97% 0.39% 0.62% 0.95% ICE BofA 1-5 Yr AAA-A US Corp & Govt Index -1.77% -2.26% -6.26% -6.91% -3.64% -0.95% 0.44% 0.71% 1.08% Execution Time: 10/3/2022 7:33:18 PMChandler Asset Management - CONFIDENTIAL Page 8 of 35 A.5.a
Packet Pg. 50
Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT Category Standard Comment
Treasury Issues No Limitation Complies
U.S. Agency Issues No Limitation Complies
Supranational Securities "AA" rating by a NRSRO; 30% maximum; 5% max per issuer; Issued by International Bank for Reconstruction (IBRD), International Finance Corporation (IFC), or Inter-American Development Bank (IADB) only Complies Municipal Securities (Local Agency/State-
CA and others) No Limitation Complies
Banker’s Acceptances 40% maximum; 5% max per issuer; 180 days max maturity Complies Commercial Paper "A-1/P-1/F-1" minimum ratings; "A" rated issuer or higher, if long term debt issued; 25% maximum; 5% max per issuer; 270 days max maturity Complies
Negotiable Certificates of Deposit 30% maximum; 5% max per issuer Complies Medium Term Notes "A" rating or better by a NRSRO; 30% maximum; 5% max per issuer Complies Money Market Mutual Funds and Mutual
Funds AAA/Aaa or Highest rating by two NRSROs; 20% maximum Complies Certificates of Deposit (CD)/ Time Deposit
(TD)/ Bank Deposit (Collateralized/FDIC
insured)
5% max per issuer Complies
Asset-Backed Securities, Mortgage Pass-
Through Securities, Collateralized
Mortgage Backed Securities
"AA" rating or better by a NRSRO; 20% maximum (combined MBS/ABS/CMO); 5% max per issuer Complies Repurchase Agreements 1 year max maturity Complies
Local Agency Investment Fund (LAIF) Maximum program limitation; Not used by investment adviser Complies County Pooled Investment Funds;
Joint Powers Authority Pool Not used by investment adviser Complies Prohibited Securities
Reverse repurchase agreements; Futures or Option contracts; Securities lending; Zero interest accrual securities; Derivatives including but not limited to: Inverse floaters, Interest only strips from mortgages, residual securities, structured notes, forward based derivatives, forward contracts, forward rate agreements, interest rate futures, foreign currency futures contracts, option based derivatives, interest rate caps, interest rate floors, swap contracts, interest rate swaps, interest rate collars, foreign currency swaps, cross currency exchange agreements, fixed rate currency swaps, basis swaps, equity swaps, fixed rate equity swaps, floating rate equity swaps and commodity swaps.
Complies
Max Per Issuer 5% of portfolio per issuer, except US Government, its agencies and instrumentalities Complies Maximum Maturity 5 years Complies
Weighted Average Maturity 3 years Complies
City of Moreno Valley
As of September 30, 2022
Assets managed by Chandler Asset Management are in full compliance with state law and with the City's investment policy.
Statement of Compliance
A.5.a
Packet Pg. 51
Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT REPORT - Holdings Report
As of September 30, 2022
City of Moreno Valley
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
43815NAC8 Honda Auto Receivables Trust 2019-3
A3
1.78% Due 8/15/2023
78,118.06 08/20/2019
1.79%
78,117.41
78,118.06
99.89 3.58%
78,031.74
61.80 0.04%
(86.32)
Aaa / AAA
NR
0.87 0.06
58769EAC2 Mercedes-Benz Auto Lease Trust 2020-
B A3
0.4% Due 11/15/2023
265,672.89 09/15/2020
0.40%
265,659.42
265,671.20
99.48 3.67%
264,289.53
47.23 0.14%
(1,381.67)
NR / AAA
AAA
1.13 0.16
477870AC3 John Deere Owner Trust 2019-B A3
2.21% Due 12/15/2023
33,373.15 07/16/2019
2.23%
33,366.06
33,371.21
99.88 3.61%
33,334.10
32.78 0.02%
(37.11)
Aaa / NR
AAA
1.21 0.08
92348AAA3 Verizon Owner Trust 2019-C A1A
1.94% Due 4/22/2024
132,834.33 10/01/2019
1.95%
132,824.08
132,830.81
99.77 3.38%
132,524.16
78.74 0.07%
(306.65)
NR / AAA
AAA
1.56 0.16
44891VAC5 Hyundai Auto Lease Trust 2021-B A3
0.33% Due 6/17/2024
1,020,000.00 06/08/2021
0.34%
1,019,847.00
1,019,934.96
97.56 4.63%
995,132.40
149.60
0.51%
(24,802.56)
Aaa / AAA
NR
1.72 0.57
65479JAD5 Nissan Auto Receivables Owner 2019-C
A3
1.93% Due 7/15/2024
272,723.82 10/16/2019
1.94%
272,709.41
272,718.37
99.62 3.76%
271,691.56
233.94
0.14%
(1,026.81)
Aaa / AAA
NR
1.79 0.21
43813DAC2 Honda Auto Receivables 2020-2 A3
0.82% Due 7/15/2024
232,477.58 05/18/2020
0.83%
232,459.29
232,469.67
99.54 1.94%
231,402.83
84.73 0.12%
(1,066.84)
Aaa / AAA
NR
1.79 0.41
47789KAC7 John Deere Owner Trust 2020-A A3
1.1% Due 8/15/2024
311,566.63 03/04/2020
1.11%
311,547.59
311,558.58
99.01 4.14%
308,475.89
152.32
0.16%
(3,082.69)
Aaa / NR
AAA
1.88 0.32
43813KAC6 Honda Auto Receivables Trust 2020-3
A3
0.37% Due 10/18/2024
573,728.64 09/22/2020
0.38%
573,644.36
573,698.24
97.82 4.54%
561,229.39
76.66 0.29%
(12,468.85)
NR / AAA
AAA
2.05 0.52
36262XAC8 GM Financial Auto Lease Trust 2021-3
A2
0.39% Due 10/21/2024
1,220,000.00 08/10/2021
0.39%
1,219,983.41
1,219,991.08
96.64 4.56%
1,179,033.62
145.38
0.60%
(40,957.46)
NR / AAA
AAA
2.06 0.81
47787NAC3 John Deere Owner Trust 2020-B A3
0.51% Due 11/15/2024
198,820.69 07/14/2020
0.52%
198,790.40
198,809.47
98.05 4.85%
194,946.67
45.07 0.10%
(3,862.80)
Aaa / NR
AAA
2.13 0.45
09690AAC7 BMW Vehicle Lease Trust 2021-2 A3
0.33% Due 12/26/2024
540,000.00 09/08/2021
0.34%
539,944.27
539,969.82
97.15 4.51%
524,601.91
29.70 0.27%
(15,367.91)
Aaa / NR
AAA
2.24 0.68
89236XAC0 Toyota Auto Receivables 2020-D A3
0.35% Due 1/15/2025
440,259.12 10/06/2020
0.36%
440,177.10
440,214.97
98.07 4.58%
431,748.04
68.48 0.22%
(8,466.93)
NR / AAA
AAA
2.30 0.46
44891WAC3 Hyundai Auto Lease Trust 2022-A A3
1.16% Due 1/15/2025
765,000.00 01/11/2022
1.16%
764,983.09
764,988.37
96.28 4.51%
736,536.65
394.40
0.38%
(28,451.72)
Aaa / AAA
NR
2.30 1.12
Execution Time: 10/3/2022 7:33:18 PMChandler Asset Management - CONFIDENTIAL Page 10 of 35 A.5.a
Packet Pg. 52
Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT Holdings Report
As of September 30, 2022
City of Moreno Valley
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
92290BAA9 Verizon Owner Trust 2020-B A
0.47% Due 2/20/2025
1,069,124.12 08/04/2020
0.48%
1,068,899.60
1,069,005.54
98.46 4.20%
1,052,684.20
153.54
0.54%
(16,321.34)
Aaa / NR
AAA
2.39 0.41
89238LAC4 Toyota Lease Owner Trust 2022-A A3
1.96% Due 2/20/2025
1,710,000.00 02/23/2022
1.98%
1,709,730.85
1,709,799.49
96.40 4.67%
1,648,443.42
1,024.10
0.85%
(61,356.07)
NR / AAA
AAA
2.39 1.35
36265MAC9 GM Financial Auto Lease Trust 2022-1
A3
1.9% Due 3/20/2025
1,400,000.00 02/15/2022
1.91%
1,399,987.96
1,399,991.33
96.55 4.71%
1,351,723.80
812.78
0.69%
(48,267.53)
Aaa / NR
AAA
2.47 1.24
05601XAC3 BMW Vehicle Lease Trust 2022-1 A3
1.1% Due 3/25/2025
1,535,000.00 Various
2.16%
1,511,174.60
1,516,595.22
96.29 4.76%
1,477,997.78
281.42
0.76%
(38,597.44)
NR / AAA
AAA
2.48 1.02
43813GAC5 Honda Auto Receivables Trust 2021-1
A3
0.27% Due 4/21/2025
361,746.02 02/17/2021
0.27%
361,739.41
361,742.85
97.08 4.95%
351,193.53
27.13 0.18%
(10,549.32)
Aaa / NR
AAA
2.56 0.62
44891RAC4 Hyundai Auto Receivables Trust 2020-C
A3
0.38% Due 5/15/2025
702,074.99 10/20/2020
0.39%
701,913.30
702,007.63
97.55 4.60%
684,857.30
118.57
0.35%
(17,150.33)
NR / AAA
AAA
2.62 0.58
89240BAC2 Toyota Auto Receivables Owners 2021-
A A3
0.26% Due 5/15/2025
1,284,613.29 02/02/2021
0.27%
1,284,374.87
1,284,501.35
97.43 4.30%
1,251,642.41
148.44
0.64%
(32,858.94)
Aaa / NR
AAA
2.62 0.63
44933LAC7 Hyundai Auto Receivables Trust 2021-A
A3
0.38% Due 9/15/2025
720,000.00 04/20/2021
0.38%
719,924.26
719,959.71
96.68 4.59%
696,071.52
121.60
0.36%
(23,888.19)
NR / AAA
AAA
2.96 0.79
43815GAC3 Honda Auto Receivables Trust 2021-4
A3
0.88% Due 1/21/2026
615,000.00 11/16/2021
0.89%
614,870.36
614,904.38
94.61 4.70%
581,859.50
150.33
0.30%
(33,044.88)
Aaa / NR
AAA
3.31 1.43
47789QAC4 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
735,000.00 07/13/2021
0.52%
734,934.44
734,955.93
94.50 4.71%
694,594.11
169.87
0.36%
(40,361.82)
Aaa / NR
AAA
3.46 1.33
89238JAC9 Toyota Auto Receivables Trust 2021-D
A3
0.71% Due 4/15/2026
575,000.00 11/09/2021
0.71%
574,987.75
574,991.05
94.72 4.62%
544,660.70
181.44
0.28%
(30,330.35)
NR / AAA
AAA
3.54 1.37
44935FAD6 Hyundai Auto Receivables Trust 2021-C
A3
0.74% Due 5/15/2026
440,000.00 11/09/2021
0.75%
439,901.79
439,928.83
94.36 4.93%
415,202.04
144.71
0.21%
(24,726.79)
NR / AAA
AAA
3.62 1.37
43815BAC4 Honda Auto Receivables Trust 2022-1
A3
1.88% Due 5/15/2026
1,095,000.00 02/15/2022
1.89%
1,094,835.31
1,094,866.09
95.03 4.81%
1,040,585.07
914.93
0.53%
(54,281.02)
Aaa / AAA
NR
3.62 1.73
Execution Time: 10/3/2022 7:33:18 PMChandler Asset Management - CONFIDENTIAL Page 11 of 35 A.5.a
Packet Pg. 53
Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT Holdings Report
As of September 30, 2022
City of Moreno Valley
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
05602RAD3 BMW Vehicle Owner Trust 2022-A A3
3.21% Due 8/25/2026
710,000.00 05/10/2022
3.23%
709,963.08
709,967.51
97.34 4.81%
691,126.07
379.85
0.35%
(18,841.44)
Aaa / AAA
NR
3.90 1.70
362554AC1 GM Financial Securitized Term 2021-4
A3
0.68% Due 9/16/2026
445,000.00 10/13/2021
0.68%
444,988.65
444,991.80
94.24 5.04%
419,373.79
126.08
0.22%
(25,618.01)
Aaa / AAA
NR
3.96 1.34
47787JAC2 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
840,000.00 03/10/2022
2.34%
839,814.19
839,843.10
95.59 5.00%
802,996.32
866.13
0.41%
(36,846.78)
Aaa / NR
AAA
3.96 1.67
448977AD0 Hyundai Auto Receivables Trust 2022-A
A3
2.22% Due 10/15/2026
1,200,000.00 03/09/2022
2.23%
1,199,953.80
1,199,961.55
95.93 4.62%
1,151,143.20
1,184.00
0.59%
(48,818.35)
NR / AAA
AAA
4.04 1.72
380146AC4 GM Financial Auto Receivables 2022-1
A3
1.26% Due 11/16/2026
420,000.00 01/11/2022
1.27%
419,963.50
419,971.17
95.13 4.79%
399,561.54
220.50
0.21%
(20,409.63)
NR / AAA
AAA
4.13 1.40
362585AC5 GM Financial Securitized ART 2022-2 A3
3.1% Due 2/16/2027
520,000.00 04/05/2022
3.13%
519,891.32
519,906.16
96.93 4.92%
504,042.76
671.67
0.26%
(15,863.40)
Aaa / AAA
NR
4.38 1.72
47800AAC4 John Deere Owner Trust 2022-B A3
3.74% Due 2/16/2027
875,000.00 07/12/2022
3.77%
874,916.44
874,921.11
97.65 4.86%
854,475.13
1,454.44
0.44%
(20,445.98)
Aaa / NR
AAA
4.38 2.16
02582JJT8 American Express Credit Trust 2022-2 A
3.39% Due 5/17/2027
1,840,000.00 05/17/2022
3.42%
1,839,592.99
1,839,641.67
96.77 4.75%
1,780,568.00
2,772.27
0.91%
(59,073.67)
NR / AAA
AAA
4.63 2.44
92348KAV5 Verizon Master Trust 2022-5 A1A
3.72% Due 7/20/2027
765,000.00 08/02/2022
3.75%
764,966.34
764,968.03
99.05 4.51%
757,701.90
869.55
0.39%
(7,266.13)
NR / AAA
AAA
4.81 1.79
Total ABS 25,942,133.33 1.56%
25,915,377.70
25,921,766.31 4.60%
25,095,482.58
14,394.18
12.88%
(826,283.73)
Aaa / AAA
AAA
3.04 1.21
AGENCY
3137EAEV7 FHLMC Note
0.25% Due 8/24/2023
1,925,000.00 08/19/2020
0.28%
1,923,036.50
1,924,415.24
96.54 4.21%
1,858,439.28
494.62
0.95%
(65,975.96)
Aaa / AA+
AAA
0.90 0.88
3130A1XJ2 FHLB Note
2.875% Due 6/14/2024
3,000,000.00 Various
1.94%
3,131,160.00
3,045,135.39
97.52 4.40%
2,925,465.00
25,635.41
1.51%
(119,670.39)
Aaa / AA+
NR
1.71 1.63
3135G0V75 FNMA Note
1.75% Due 7/2/2024
3,000,000.00 07/16/2019
1.96%
2,969,790.00
2,989,329.80
95.77 4.28%
2,873,064.00
12,979.17
1.48%
(116,265.80)
Aaa / AA+
AAA
1.76 1.69
3130A2UW4 FHLB Note
2.875% Due 9/13/2024
3,000,000.00 09/13/2019
1.79%
3,155,070.00
3,060,616.73
97.26 4.35%
2,917,725.00
4,312.50
1.50%
(142,891.73)
Aaa / AA+
AAA
1.96 1.87
Execution Time: 10/3/2022 7:33:18 PMChandler Asset Management - CONFIDENTIAL Page 12 of 35 A.5.a
Packet Pg. 54
Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT Holdings Report
As of September 30, 2022
City of Moreno Valley
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
AGENCY
3135G0W66 FNMA Note
1.625% Due 10/15/2024
1,180,000.00 10/17/2019
1.66%
1,177,982.20
1,179,175.84
94.91 4.25%
1,119,963.96
8,841.81
0.58%
(59,211.88)
Aaa / AA+
AAA
2.04 1.96
3135G0X24 FNMA Note
1.625% Due 1/7/2025
3,210,000.00 Various
1.19%
3,276,100.10
3,241,049.33
94.36 4.26%
3,028,882.17
12,171.25
1.56%
(212,167.16)
Aaa / AA+
AAA
2.27 2.18
3137EAEP0 FHLMC Note
1.5% Due 2/12/2025
3,590,000.00 02/13/2020
1.52%
3,587,235.70
3,588,689.80
93.94 4.22%
3,372,313.17
7,329.58
1.73%
(216,376.63)
Aaa / AA+
AAA
2.37 2.28
3130A4CH3 FHLB Note
2.375% Due 3/14/2025
2,750,000.00 03/19/2020
1.18%
2,908,867.50
2,828,124.40
95.60 4.28%
2,628,868.00
3,084.20
1.35%
(199,256.40)
Aaa / AA+
AAA
2.45 2.35
3135G03U5 FNMA Note
0.625% Due 4/22/2025
2,830,000.00 04/22/2020
0.67%
2,824,170.20
2,827,014.78
91.14 4.32%
2,579,278.98
7,811.98
1.33%
(247,735.80)
Aaa / AA+
AAA
2.56 2.48
3135G04Z3 FNMA Note
0.5% Due 6/17/2025
3,400,000.00 Various
0.51%
3,398,324.20
3,399,230.01
90.39 4.29%
3,073,406.20
4,911.11
1.58%
(325,823.81)
Aaa / AA+
AAA
2.72 2.64
3137EAEU9 FHLMC Note
0.375% Due 7/21/2025
3,400,000.00 Various
0.45%
3,388,108.00
3,393,167.95
89.73 4.30%
3,050,796.20
2,479.17
1.57%
(342,371.75)
Aaa / AA+
AAA
2.81 2.73
3135G05X7 FNMA Note
0.375% Due 8/25/2025
3,150,000.00 12/16/2020
0.43%
3,141,904.50
3,144,992.33
89.43 4.29%
2,817,032.40
1,181.25
1.45%
(327,959.93)
Aaa / AA+
AAA
2.90 2.83
3137EAEX3 FHLMC Note
0.375% Due 9/23/2025
3,385,000.00 Various
0.44%
3,374,969.55
3,378,908.44
89.25 4.25%
3,021,183.59
282.08
1.55%
(357,724.85)
Aaa / AA+
AAA
2.98 2.90
3135G06G3 FNMA Note
0.5% Due 11/7/2025
3,400,000.00 Various
0.56%
3,389,186.80
3,393,268.29
89.07 4.30%
3,028,346.00
6,800.00
1.56%
(364,922.29)
Aaa / AA+
AAA
3.11 3.01
Total Agency 41,220,000.00 1.02%
41,645,905.25
41,393,118.33 4.29%
38,294,763.95
98,314.13
19.69%
(3,098,354.38)
Aaa / AA+
AAA
2.38 2.30
CMO
3137B5JM6 FHLMC K034 A2
3.531% Due 7/25/2023
1,500,000.00 08/28/2018
3.03%
1,531,816.41
1,505,281.99
99.24 4.33%
1,488,538.50
4,413.75
0.77%
(16,743.49)
NR / NR
AAA
0.82 0.69
3137B4WB8 FHLMC K033 A2
3.06% Due 7/25/2023
1,500,000.00 08/19/2019
1.90%
1,562,812.50
1,513,018.36
98.97 4.34%
1,484,620.50
765.00
0.76%
(28,397.86)
Aaa / NR
NR
0.82 0.65
3137B7MZ9 FHLMC K036 A2
3.527% Due 10/25/2023
2,145,000.00 Various
2.80%
2,209,267.38
2,160,439.28
99.06 4.35%
2,124,907.79
1,260.90
1.09%
(35,531.49)
Aaa / NR
AAA
1.07 0.89
3137B7YY9 FHLMC K037 A2
3.49% Due 1/25/2024
3,000,000.00 11/05/2021
0.58%
3,163,242.19
3,097,298.01
98.83 4.39%
2,965,041.00
8,725.00
1.53%
(132,257.01)
NR / AAA
NR
1.32 1.07
Execution Time: 10/3/2022 7:33:18 PMChandler Asset Management - CONFIDENTIAL Page 13 of 35 A.5.a
Packet Pg. 55
Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT Holdings Report
As of September 30, 2022
City of Moreno Valley
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
CMO
3137BYPQ7 FHLMC K726 A2
2.905% Due 4/25/2024
1,038,113.24 04/22/2019
2.72%
1,045,534.14
1,040,436.59
97.71 4.50%
1,014,369.51
2,513.10
0.52%
(26,067.08)
NR / AAA
NR
1.57 1.34
3137BLW95 FHLMC K050 A2
3.334% Due 8/25/2025
588,000.00 02/07/2022
1.74%
616,389.38
611,172.72
96.59 4.62%
567,922.78
1,633.66
0.29%
(43,249.94)
NR / NR
AAA
2.90 2.57
3137BSP72 FHLMC K058 A2
2.653% Due 8/25/2026
950,000.00 11/12/2021
1.35%
1,004,736.33
994,604.69
93.16 4.59%
884,988.65
2,100.29
0.46%
(109,616.04)
NR / NR
AAA
3.90 3.57
Total CMO 10,721,113.24 1.88%
11,133,798.33
10,922,251.64 4.40%
10,530,388.73
21,411.70
5.41%
(391,862.91)
Aaa / AAA
AAA
1.45 1.24
CORPORATE
24422EVN6 John Deere Capital Corp Note
0.45% Due 1/17/2024
2,300,000.00 03/01/2021
0.47%
2,298,367.00
2,299,263.67
94.83 4.60%
2,181,133.70
2,127.50
1.12%
(118,129.97)
A2 / A
A
1.30 1.26
69371RR24 Paccar Financial Corp Note
0.35% Due 2/2/2024
665,000.00 01/28/2021
0.39%
664,228.60
664,655.51
94.61 4.54%
629,176.45
381.45
0.32%
(35,479.06)
A1 / A+
NR
1.34 1.31
808513BN4 Charles Schwab Corp Callable Note
Cont 2/18/2024
0.75% Due 3/18/2024
955,000.00 03/16/2021
0.77%
954,522.50
954,767.35
94.59 4.60%
903,357.42
258.65
0.46%
(51,409.93)
A2 / A
A
1.47 1.43
79466LAG9 Salesforce.com Inc Callable Note Cont
7/15/2022
0.625% Due 7/15/2024
2,000,000.00 Various
0.91%
1,985,486.00
1,990,081.04
93.24 4.60%
1,864,704.00
2,638.88
0.96%
(125,377.04)
A2 / A+
NR
1.79 1.74
91159HHX1 US Bancorp Callable Note Cont
6/28/2024
2.4% Due 7/30/2024
1,750,000.00 10/10/2019
2.07%
1,775,567.50
1,759,465.03
95.95 4.73%
1,679,158.25
7,116.67
0.86%
(80,306.78)
A2 / A+
A+
1.83 1.76
009158AV8 Air Products & Chemicals Callable Note
Cont 4/30/2024
3.35% Due 7/31/2024
500,000.00 08/07/2019
2.11%
527,750.00
509,276.80
98.05 4.47%
490,235.00
2,838.19
0.25%
(19,041.80)
A2 / A
NR
1.84 1.74
69371RR40 Paccar Financial Corp Note
0.5% Due 8/9/2024
865,000.00 08/03/2021
0.52%
864,532.90
864,711.05
92.71 4.64%
801,902.58
624.72
0.41%
(62,808.47)
A1 / A+
NR
1.86 1.81
69371RQ25 Paccar Financial Corp Note
2.15% Due 8/15/2024
670,000.00 08/08/2019
2.20%
668,519.30
669,445.65
95.45 4.71%
639,515.00
1,840.64
0.33%
(29,930.65)
A1 / A+
NR
1.88 1.80
78015K7C2 Royal Bank of Canada Note
2.25% Due 11/1/2024
1,900,000.00 12/05/2019
2.26%
1,899,012.00
1,899,579.17
94.66 4.97%
1,798,581.80
17,812.50
0.93%
(100,997.37)
A1 / A
AA-
2.09 1.98
14913Q3B3 Caterpillar Finl Service Note
2.15% Due 11/8/2024
2,020,000.00 Various
1.88%
2,044,446.00
2,030,843.41
95.13 4.60%
1,921,686.60
17,251.36
0.99%
(109,156.81)
A2 / A
A
2.11 2.00
Execution Time: 10/3/2022 7:33:18 PMChandler Asset Management - CONFIDENTIAL Page 14 of 35 A.5.a
Packet Pg. 56
Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT Holdings Report
As of September 30, 2022
City of Moreno Valley
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
CORPORATE
74153WCQ0 Pricoa Global Funding Note
1.15% Due 12/6/2024
1,185,000.00 12/01/2021
1.19%
1,183,779.45
1,184,110.81
92.28 4.92%
1,093,470.60
4,353.23
0.56%
(90,640.21)
Aa3 / AA-
AA-
2.19 2.10
89236TJT3 Toyota Motor Credit Corp Note
1.45% Due 1/13/2025
1,715,000.00 01/10/2022
1.50%
1,712,701.90
1,713,249.17
92.73 4.85%
1,590,328.08
5,387.96
0.82%
(122,921.09)
A1 / A+
A+
2.29 2.20
90331HPL1 US Bank NA Callable Note Cont
12/21/2024
2.05% Due 1/21/2025
810,000.00 01/16/2020
2.10%
808,274.70
809,203.93
94.06 4.80%
761,898.96
3,228.75
0.39%
(47,304.97)
A1 / AA-
AA-
2.31 2.20
002824BB5 Abbott Laboratories Callable Note Cont
12/15/2024
2.95% Due 3/15/2025
2,000,000.00 02/07/2022
1.83%
2,061,720.00
2,047,833.00
96.22 4.59%
1,924,390.00
2,622.22
0.99%
(123,443.00)
A1 / AA-
NR
2.46 2.33
78016EZ59 Royal Bank of Canada Note
3.375% Due 4/14/2025
845,000.00 04/07/2022
3.39%
844,687.35
844,735.84
96.11 5.02%
812,143.02
13,229.53
0.42%
(32,592.82)
A1 / A
AA-
2.54 2.35
87612EBL9 Target Corp Callable Note Cont 4/15/25
2.25% Due 4/15/2025
2,000,000.00 02/07/2022
1.88%
2,022,420.00
2,017,777.27
94.35 4.63%
1,886,960.00
20,750.00
0.98%
(130,817.27)
A2 / A
A
2.54 2.40
06367WB85 Bank of Montreal Note
1.85% Due 5/1/2025
1,571,000.00 07/23/2021
0.85%
1,628,844.22
1,610,699.49
92.02 5.19%
1,445,557.22
12,109.79
0.75%
(165,142.27)
A2 / A-
AA-
2.59 2.45
46647PCH7 JP Morgan Chase & Co Callable Note
Cont 6/1/2024
0.824% Due 6/1/2025
1,770,000.00 05/24/2021
0.78%
1,772,292.35
1,771,273.76
92.60 4.81%
1,639,007.62
4,861.60
0.84%
(132,266.14)
A1 / A-
AA-
2.67 2.56
46647PCK0 JP Morgan Chase & Co Callable Note
Cont 6/23/2024
0.969% Due 6/23/2025
840,000.00 Various
0.95%
840,520.15
840,299.74
92.52 4.86%
777,178.08
2,215.78
0.40%
(63,121.66)
A1 / A-
AA-
2.73 2.62
64952WDQ3 New York Life Global Note
0.95% Due 6/24/2025
950,000.00 11/17/2021
1.29%
938,543.00
941,300.36
89.61 5.07%
851,259.85
2,431.74
0.44%
(90,040.51)
Aaa / AA+
AAA
2.73 2.63
66815L2J7 Northwestern Mutual Glbl Note
4% Due 7/1/2025
1,560,000.00 06/27/2022
4.01%
1,559,469.60
1,559,514.12
97.42 5.01%
1,519,694.28
15,600.00
0.79%
(39,819.84)
Aaa / AA+
AAA
2.75 2.54
40139LBC6 Guardian Life Glob Fun Note
0.875% Due 12/10/2025
1,700,000.00 Various
1.12%
1,682,830.00
1,686,891.50
87.37 5.22%
1,485,290.00
4,586.46
0.76%
(201,601.50)
Aa1 / AA+
NR
3.20 3.06
66815L2A6 Northwestern Mutual Glbl Note
0.8% Due 1/14/2026
1,100,000.00 12/06/2021
1.47%
1,070,817.00
1,076,602.95
87.62 4.92%
963,864.00
1,882.22
0.50%
(112,738.95)
Aaa / AA+
AAA
3.29 3.17
06051GHY8 Bank of America Corp Callable Note
Cont 2/13/2025
2.015% Due 2/13/2026
750,000.00 02/17/2022
3.03%
737,512.50
739,413.15
91.68 5.41%
687,603.00
2,015.00
0.35%
(51,810.15)
A2 / A-
AA-
3.38 3.17
Execution Time: 10/3/2022 7:33:18 PMChandler Asset Management - CONFIDENTIAL Page 15 of 35 A.5.a
Packet Pg. 57
Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT Holdings Report
As of September 30, 2022
City of Moreno Valley
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
CORPORATE
46647PBK1 JP Morgan Chase & Co Callable Note
Cont 4/22/2025
2.083% Due 4/22/2026
1,034,000.00 Various
1.36%
1,061,039.22
1,052,455.14
91.12 5.61%
942,197.34
9,512.72
0.49%
(110,257.80)
A1 / A-
AA-
3.56 3.31
78016EZQ3 Royal Bank of Canada Note
1.2% Due 4/27/2026
1,000,000.00 07/09/2021
1.13%
1,003,440.00
1,002,564.76
87.09 5.20%
870,867.00
5,133.33
0.45%
(131,697.76)
A1 / A
AA-
3.58 3.40
6174468Q5 Morgan Stanley Callable Note Cont
4/28/2025
2.188% Due 4/28/2026
1,100,000.00 05/18/2022
4.42%
1,039,071.00
1,044,744.72
91.74 5.51%
1,009,145.50
10,228.90
0.52%
(35,599.22)
A1 / A-
A
3.58 3.32
023135BX3 Amazon.com Inc Callable Note Cont
4/12/2026
1% Due 5/12/2026
2,615,000.00 05/10/2021
1.09%
2,603,703.20
2,606,839.83
87.88 4.68%
2,298,017.55
10,096.81
1.18%
(308,822.28)
A1 / AA
AA-
3.62 3.46
91324PEC2 United Health Group Inc Callable Note
Cont 4/15/2026
1.15% Due 5/15/2026
430,000.00 Various
1.08%
431,391.30
431,019.21
88.53 4.62%
380,685.02
1,868.11
0.20%
(50,334.19)
A3 / A+
A
3.62 3.46
89236TJK2 Toyota Motor Credit Corp Note
1.125% Due 6/18/2026
1,785,000.00 06/15/2021
1.13%
1,784,214.60
1,784,416.76
87.51 4.84%
1,562,024.94
5,745.47
0.80%
(222,391.82)
A1 / A+
A+
3.72 3.55
06051GJD2 Bank of America Corp Callable Note
Cont 6/19/2025
1.319% Due 6/19/2026
1,800,000.00 Various
1.23%
1,805,843.00
1,804,007.84
88.77 5.41%
1,597,914.00
6,726.89
0.82%
(206,093.84)
A2 / A-
AA-
3.72 3.52
57629WDE7 Mass Mutual Global funding Note
1.2% Due 7/16/2026
1,250,000.00 08/19/2021
1.15%
1,252,787.50
1,252,157.66
86.88 5.04%
1,086,053.75
3,125.00
0.56%
(166,103.91)
Aa3 / AA+
AA+
3.79 3.61
58989V2D5 Met Tower Global Funding Note
1.25% Due 9/14/2026
975,000.00 09/07/2021
1.27%
974,103.00
974,290.65
86.05 5.20%
838,945.58
575.52
0.43%
(135,345.07)
Aa3 / AA-
AA-
3.96 3.76
931142ER0 Wal-Mart Stores Callable Note Cont
08/17/2026
1.05% Due 9/17/2026
445,000.00 09/08/2021
1.09%
444,158.95
444,333.52
87.29 4.59%
388,444.95
181.71
0.20%
(55,888.57)
Aa2 / AA
AA
3.97 3.80
59217GER6 Metlife Note
1.875% Due 1/11/2027
1,575,000.00 01/03/2022
1.90%
1,573,204.50
1,573,463.11
87.50 5.17%
1,378,093.50
6,562.50
0.71%
(195,369.61)
Aa3 / AA-
AA-
4.28 4.00
808513BY0 Charles Schwab Corp Callable Note
Cont 2/3/2027
2.45% Due 3/3/2027
1,425,000.00 03/01/2022
2.46%
1,424,601.70
1,424,647.07
89.78 5.06%
1,279,367.85
2,715.42
0.66%
(145,279.22)
A2 / A
A
4.42 4.09
084664CZ2 Berkshire Hathaway Callable Note Cont
2/15/2027
2.3% Due 3/15/2027
2,395,000.00 03/07/2022
2.30%
2,394,544.95
2,394,594.79
91.05 4.54%
2,180,712.17
2,448.22
1.12%
(213,882.62)
Aa2 / AA
A+
4.46 4.15
Execution Time: 10/3/2022 7:33:18 PMChandler Asset Management - CONFIDENTIAL Page 16 of 35 A.5.a
Packet Pg. 58
Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT Holdings Report
As of September 30, 2022
City of Moreno Valley
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
CORPORATE
06051GHT9 Bank of America Corp Callable Note 1X
4/23/2026
3.559% Due 4/23/2027
1,500,000.00 Various
4.55%
1,453,356.24
1,454,854.01
92.35 5.74%
1,385,254.50
23,430.09
0.72%
(69,599.51)
A2 / A-
AA-
4.56 4.05
665859AW4 Northern Trust Company Callable Note
Cont 4/10/2027
4% Due 5/10/2027
895,000.00 05/05/2022
4.04%
893,550.10
893,664.44
96.47 4.86%
863,415.45
14,021.67
0.45%
(30,248.99)
A2 / A+
A+
4.61 4.08
91324PEG3 United Health Group Inc Callable Note
Cont 4/15/2027
3.7% Due 5/15/2027
910,000.00 05/17/2022
3.69%
910,425.60
910,394.28
95.18 4.88%
866,122.53
12,252.14
0.45%
(44,271.75)
A3 / A+
A
4.62 4.12
89115A2C5 Toronto-Dominion Bank Note
4.108% Due 6/8/2027
2,000,000.00 08/26/2022
4.18%
1,993,300.00
1,993,423.01
94.33 5.49%
1,886,578.00
25,789.11
0.98%
(106,845.01)
A1 / A
NR
4.69 4.13
Total Corporate 55,555,000.00 1.86%
55,589,578.88
55,526,864.57 4.93%
51,161,935.14
288,578.45
26.39%
(4,364,929.43)
A1 / A+
AA-
3.01 2.83
MONEY MARKET FUND
60934N104 Federated Investors Government
Obligations Fund
394,313.64 Various
2.80%
394,313.64
394,313.64
1.00 2.80%
394,313.64
0.00 0.20%
0.00 Aaa / AAA
AAA
0.00 0.00
Total Money Market Fund 394,313.64 2.80%
394,313.64
394,313.64 2.80%
394,313.64
0.00 0.20%
0.00 Aaa / AAA
AAA
0.00 0.00
MUNICIPAL BONDS
13063DRK6 California State Taxable GO
2.4% Due 10/1/2024
1,915,000.00 10/16/2019
1.91%
1,958,987.55
1,932,824.22
96.10 4.46%
1,840,372.45
22,980.00
0.96%
(92,451.77)
Aa2 / AA-
AA
2.01 1.90
Total Municipal Bonds 1,915,000.00 1.91%
1,958,987.55
1,932,824.22 4.46%
1,840,372.45
22,980.00
0.96%
(92,451.77)
Aa2 / AA-
AA
2.01 1.90
SUPRANATIONAL
45950KCR9 International Finance Corp Note
1.375% Due 10/16/2024
2,500,000.00 07/12/2021
0.54%
2,567,250.00
2,542,158.40
94.28 4.33%
2,357,075.00
15,755.21
1.22%
(185,083.40)
Aaa / AAA
NR
2.05 1.97
459058HT3 Intl. Bank Recon & Development Note
1.625% Due 1/15/2025
2,500,000.00 07/12/2021
0.56%
2,592,325.00
2,560,324.77
94.10 4.36%
2,352,400.00
8,576.39
1.21%
(207,924.77)
Aaa / AAA
AAA
2.30 2.20
4581X0DL9 Inter-American Dev Bank Note
0.875% Due 4/3/2025
3,000,000.00 12/14/2021
1.08%
2,980,230.00
2,984,975.46
91.77 4.37%
2,753,133.00
12,979.17
1.42%
(231,842.46)
Aaa / AAA
NR
2.51 2.42
Execution Time: 10/3/2022 7:33:18 PMChandler Asset Management - CONFIDENTIAL Page 17 of 35 A.5.a
Packet Pg. 59
Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT Holdings Report
As of September 30, 2022
City of Moreno Valley
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
SUPRANATIONAL
459058JL8 Intl. Bank Recon & Development Note
0.5% Due 10/28/2025
3,400,000.00 Various
0.60%
3,384,848.15
3,390,096.91
88.98 4.37%
3,025,153.41
7,225.01
1.56%
(364,943.50)
Aaa / AAA
AAA
3.08 2.98
4581X0DV7 Inter-American Dev Bank Note
0.875% Due 4/20/2026
3,435,000.00 04/13/2021
0.97%
3,419,267.70
3,423,825.41
88.72 4.33%
3,047,497.65
13,441.82
1.57%
(376,327.76)
Aaa / AAA
AAA
3.56 3.42
45950KCX6 International Finance Corp Note
0.75% Due 10/8/2026
3,800,000.00 11/08/2021
1.15%
3,728,332.00
3,741,322.57
87.01 4.30%
3,306,532.00
13,695.83
1.70%
(434,790.57)
Aaa / AAA
NR
4.02 3.87
Total Supranational 18,635,000.00 0.84%
18,672,252.85
18,642,703.52 4.34%
16,841,791.06
71,673.43
8.68%
(1,800,912.46)
Aaa / AAA
AAA
3.00 2.89
US TREASURY
912828V23 US Treasury Note
2.25% Due 12/31/2023
3,150,000.00 Various
1.81%
3,209,369.15
3,166,508.91
97.56 4.27%
3,073,095.90
17,911.35
1.59%
(93,413.01)
Aaa / AA+
AAA
1.25 1.21
912828B66 US Treasury Note
2.75% Due 2/15/2024
3,150,000.00 Various
1.81%
3,279,865.24
3,188,686.63
97.88 4.35%
3,083,308.20
11,063.52
1.59%
(105,378.43)
Aaa / AA+
AAA
1.38 1.33
91282CBR1 US Treasury Note
0.25% Due 3/15/2024
1,000,000.00 03/30/2021
0.33%
997,578.13
998,809.25
94.32 4.31%
943,203.00
110.50
0.48%
(55,606.25)
Aaa / AA+
AAA
1.46 1.43
912828X70 US Treasury Note
2% Due 4/30/2024
3,100,000.00 Various
1.86%
3,119,312.50
3,106,320.41
96.48 4.32%
2,990,895.50
25,945.65
1.55%
(115,424.91)
Aaa / AA+
AAA
1.58 1.52
912828XX3 US Treasury Note
2% Due 6/30/2024
3,000,000.00 07/30/2019
1.87%
3,018,867.19
3,006,702.26
96.18 4.29%
2,885,391.00
15,163.04
1.49%
(121,311.26)
Aaa / AA+
AAA
1.75 1.68
91282CCL3 US Treasury Note
0.375% Due 7/15/2024
2,500,000.00 07/13/2021
0.46%
2,493,359.38
2,496,043.50
93.39 4.24%
2,334,862.50
1,987.09
1.20%
(161,181.00)
Aaa / AA+
AAA
1.79 1.75
912828D56 US Treasury Note
2.375% Due 8/15/2024
3,000,000.00 08/29/2019
1.45%
3,133,007.81
3,050,208.25
96.60 4.28%
2,897,931.00
9,099.86
1.49%
(152,277.25)
Aaa / AA+
AAA
1.88 1.80
9128283D0 US Treasury Note
2.25% Due 10/31/2024
2,900,000.00 Various
1.76%
2,966,847.66
2,928,236.72
96.06 4.24%
2,785,812.50
27,305.71
1.44%
(142,424.22)
Aaa / AA+
AAA
2.09 1.99
912828YV6 US Treasury Note
1.5% Due 11/30/2024
3,000,000.00 02/04/2022
1.47%
3,002,343.75
3,001,805.17
94.37 4.25%
2,831,133.00
15,122.95
1.46%
(170,672.17)
Aaa / AA+
AAA
2.17 2.08
91282CDN8 US Treasury Note
1% Due 12/15/2024
3,000,000.00 12/14/2021
0.98%
3,001,640.63
3,001,206.52
93.23 4.25%
2,796,798.00
8,852.46
1.44%
(204,408.52)
Aaa / AA+
AAA
2.21 2.14
91282CED9 US Treasury Note
1.75% Due 3/15/2025
1,495,000.00 04/08/2022
2.71%
1,454,938.67
1,461,390.50
94.18 4.27%
1,407,986.52
1,156.35
0.72%
(53,403.98)
Aaa / AA+
AAA
2.46 2.36
Execution Time: 10/3/2022 7:33:18 PMChandler Asset Management - CONFIDENTIAL Page 18 of 35 A.5.a
Packet Pg. 60
Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT Holdings Report
As of September 30, 2022
City of Moreno Valley
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
US TREASURY
91282CAM3 US Treasury Note
0.25% Due 9/30/2025
3,300,000.00 03/29/2021
0.74%
3,228,199.22
3,252,205.56
88.89 4.23%
2,933,261.10
22.66 1.50%
(318,944.46)
Aaa / AA+
AAA
3.00 2.93
91282CAT8 US Treasury Note
0.25% Due 10/31/2025
3,400,000.00 02/22/2021
0.54%
3,354,046.88
3,369,758.50
88.57 4.24%
3,011,522.80
3,557.07
1.55%
(358,235.70)
Aaa / AA+
AAA
3.09 3.01
91282CAZ4 US Treasury Note
0.375% Due 11/30/2025
2,200,000.00 03/26/2021
0.77%
2,160,554.69
2,173,287.18
88.68 4.23%
1,950,867.60
2,772.54
1.00%
(222,419.58)
Aaa / AA+
AAA
3.17 3.08
91282CCZ2 US Treasury Note
0.875% Due 9/30/2026
1,780,000.00 10/18/2021
1.19%
1,753,369.53
1,758,483.41
88.01 4.16%
1,566,608.26
42.79 0.80%
(191,875.15)
Aaa / AA+
AAA
4.00 3.85
91282CDK4 US Treasury Note
1.25% Due 11/30/2026
3,500,000.00 12/16/2021
1.17%
3,512,714.84
3,510,690.59
89.03 4.14%
3,115,955.50
14,702.87
1.61%
(394,735.09)
Aaa / AA+
AAA
4.17 3.97
912828Z78 US Treasury Note
1.5% Due 1/31/2027
1,150,000.00 02/07/2022
1.77%
1,135,355.47
1,137,248.46
89.68 4.12%
1,031,361.40
2,906.25
0.53%
(105,887.06)
Aaa / AA+
AAA
4.34 4.11
91282CET4 US Treasury Note
2.625% Due 5/31/2027
1,800,000.00 06/09/2022
3.07%
1,763,367.19
1,765,646.65
93.93 4.07%
1,690,664.40
15,879.10
0.88%
(74,982.25)
Aaa / AA+
AAA
4.67 4.29
91282CEW7 US Treasury Note
3.25% Due 6/30/2027
2,975,000.00 Various
3.12%
2,993,090.82
2,992,324.15
96.43 4.08%
2,868,899.60
24,434.61
1.48%
(123,424.55)
Aaa / AA+
AAA
4.75 4.31
91282CFB2 US Treasury Note
2.75% Due 7/31/2027
900,000.00 08/22/2022
3.12%
884,742.19
885,072.23
94.21 4.08%
847,898.10
4,169.84
0.44%
(37,174.13)
Aaa / AA+
AAA
4.84 4.44
91282CFH9 US Treasury Note
3.125% Due 8/31/2027
3,150,000.00 Various
3.41%
3,109,707.03
3,110,094.06
95.97 4.04%
3,023,017.20
8,429.73
1.55%
(87,076.86)
Aaa / AA+
AAA
4.92 4.49
Total US Treasury 53,450,000.00 1.64%
53,572,277.97
53,360,728.91 4.22%
50,070,473.08
210,635.94
25.79%
(3,290,255.83)
Aaa / AA+
AAA
2.78 2.63
TOTAL PORTFOLIO 207,832,560.21 1.51%
208,882,492.17
208,094,571.14 4.49%
194,229,520.63
727,987.83
100.00%
(13,865,050.51)
Aa1 / AA+
AAA
2.73 2.37
TOTAL MARKET VALUE PLUS ACCRUED 194,957,508.46
Execution Time: 10/3/2022 7:33:18 PMChandler Asset Management - CONFIDENTIAL Page 19 of 35 A.5.a
Packet Pg. 61
Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT Transaction Ledger
As of September 30, 2022
City of Moreno Valley
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 09/01/2022 60934N104 1,094.41 Federated Investors Government Obligations Fund
1.000 2.10% 1,094.41 0.00 1,094.41 0.00
Purchase 09/03/2022 60934N104 17,456.25 Federated Investors Government Obligations Fund
1.000 2.10% 17,456.25 0.00 17,456.25 0.00
Purchase 09/08/2022 60934N104 16,625.00 Federated Investors Government Obligations Fund
1.000 2.10% 16,625.00 0.00 16,625.00 0.00
Purchase 09/09/2022 91282CFH9 2,500,000.00 US Treasury Note
3.125% Due 8/31/2027
99.059 3.33% 2,476,464.84 1,942.33 2,478,407.17 0.00
Purchase 09/13/2022 60934N104 43,125.00 Federated Investors Government Obligations Fund
1.000 2.10% 43,125.00 0.00 43,125.00 0.00
Purchase 09/14/2022 60934N104 38,750.00 Federated Investors Government Obligations Fund
1.000 2.10% 38,750.00 0.00 38,750.00 0.00
Purchase 09/15/2022 60934N104 71,373.75 Federated Investors Government Obligations Fund
1.000 2.10% 71,373.75 0.00 71,373.75 0.00
Purchase 09/15/2022 60934N104 25,167.95 Federated Investors Government Obligations Fund
1.000 2.10% 25,167.95 0.00 25,167.95 0.00
Purchase 09/15/2022 60934N104 50,176.79 Federated Investors Government Obligations Fund
1.000 2.10% 50,176.79 0.00 50,176.79 0.00
Purchase 09/15/2022 60934N104 53,858.10 Federated Investors Government Obligations Fund
1.000 2.10% 53,858.10 0.00 53,858.10 0.00
Purchase 09/15/2022 60934N104 11,716.45 Federated Investors Government Obligations Fund
1.000 2.10% 11,716.45 0.00 11,716.45 0.00
Purchase 09/15/2022 60934N104 318.50 Federated Investors Government Obligations Fund
1.000 2.10% 318.50 0.00 318.50 0.00
Purchase 09/15/2022 60934N104 4,999.65 Federated Investors Government Obligations Fund
1.000 2.10% 4,999.65 0.00 4,999.65 0.00
Purchase 09/15/2022 60934N104 280.50 Federated Investors Government Obligations Fund
1.000 2.10% 280.50 0.00 280.50 0.00
Purchase 09/15/2022 60934N104 5,198.00 Federated Investors Government Obligations Fund
1.000 2.10% 5,198.00 0.00 5,198.00 0.00
Purchase 09/15/2022 60934N104 1,715.50 Federated Investors Government Obligations Fund
1.000 2.10% 1,715.50 0.00 1,715.50 0.00
Execution Time: 10/3/2022 7:33:18 PMChandler Asset Management - CONFIDENTIAL Page 20 of 35 A.5.a
Packet Pg. 62
Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT Transaction Ledger
As of September 30, 2022
City of Moreno Valley
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 09/15/2022 60934N104 739.50 Federated Investors Government Obligations Fund
1.000 2.10% 739.50 0.00 739.50 0.00
Purchase 09/15/2022 60934N104 2,220.00 Federated Investors Government Obligations Fund
1.000 2.10% 2,220.00 0.00 2,220.00 0.00
Purchase 09/15/2022 60934N104 228.00 Federated Investors Government Obligations Fund
1.000 2.10% 228.00 0.00 228.00 0.00
Purchase 09/15/2022 60934N104 271.33 Federated Investors Government Obligations Fund
1.000 2.10% 271.33 0.00 271.33 0.00
Purchase 09/15/2022 60934N104 1,624.00 Federated Investors Government Obligations Fund
1.000 2.10% 1,624.00 0.00 1,624.00 0.00
Purchase 09/15/2022 60934N104 340.21 Federated Investors Government Obligations Fund
1.000 2.10% 340.21 0.00 340.21 0.00
Purchase 09/15/2022 60934N104 16,391.68 Federated Investors Government Obligations Fund
1.000 2.10% 16,391.68 0.00 16,391.68 0.00
Purchase 09/15/2022 60934N104 36,271.60 Federated Investors Government Obligations Fund
1.000 2.10% 36,271.60 0.00 36,271.60 0.00
Purchase 09/15/2022 60934N104 53,316.25 Federated Investors Government Obligations Fund
1.000 2.10% 53,316.25 0.00 53,316.25 0.00
Purchase 09/15/2022 60934N104 50,009.35 Federated Investors Government Obligations Fund
1.000 2.10% 50,009.35 0.00 50,009.35 0.00
Purchase 09/15/2022 60934N104 43,379.22 Federated Investors Government Obligations Fund
1.000 2.10% 43,379.22 0.00 43,379.22 0.00
Purchase 09/15/2022 60934N104 91,232.53 Federated Investors Government Obligations Fund
1.000 2.10% 91,232.53 0.00 91,232.53 0.00
Purchase 09/16/2022 60934N104 441.00 Federated Investors Government Obligations Fund
1.000 2.10% 441.00 0.00 441.00 0.00
Purchase 09/16/2022 60934N104 1,343.33 Federated Investors Government Obligations Fund
1.000 2.10% 1,343.33 0.00 1,343.33 0.00
Purchase 09/16/2022 60934N104 252.17 Federated Investors Government Obligations Fund
1.000 2.10% 252.17 0.00 252.17 0.00
Purchase 09/17/2022 60934N104 2,336.25 Federated Investors Government Obligations Fund
1.000 2.10% 2,336.25 0.00 2,336.25 0.00
Execution Time: 10/3/2022 7:33:18 PMChandler Asset Management - CONFIDENTIAL Page 21 of 35 A.5.a
Packet Pg. 63
Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT Transaction Ledger
As of September 30, 2022
City of Moreno Valley
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 09/18/2022 60934N104 3,581.25 Federated Investors Government Obligations Fund
1.000 2.10% 3,581.25 0.00 3,581.25 0.00
Purchase 09/19/2022 60934N104 50,225.79 Federated Investors Government Obligations Fund
1.000 2.10% 50,225.79 0.00 50,225.79 0.00
Purchase 09/20/2022 60934N104 3,082.95 Federated Investors Government Obligations Fund
1.000 2.10% 3,082.95 0.00 3,082.95 0.00
Purchase 09/20/2022 60934N104 2,793.00 Federated Investors Government Obligations Fund
1.000 2.10% 2,793.00 0.00 2,793.00 0.00
Purchase 09/20/2022 60934N104 2,216.67 Federated Investors Government Obligations Fund
1.000 2.10% 2,216.67 0.00 2,216.67 0.00
Purchase 09/20/2022 60934N104 396.50 Federated Investors Government Obligations Fund
1.000 2.10% 396.50 0.00 396.50 0.00
Purchase 09/20/2022 60934N104 146,351.76 Federated Investors Government Obligations Fund
1.000 2.10% 146,351.76 0.00 146,351.76 0.00
Purchase 09/20/2022 60934N104 41,573.25 Federated Investors Government Obligations Fund
1.000 2.10% 41,573.25 0.00 41,573.25 0.00
Purchase 09/20/2022 91282CFH9 650,000.00 US Treasury Note
3.125% Due 8/31/2027
97.422 3.70% 633,242.19 1,122.24 634,364.43 0.00
Purchase 09/21/2022 60934N104 451.00 Federated Investors Government Obligations Fund
1.000 2.10% 451.00 0.00 451.00 0.00
Purchase 09/21/2022 60934N104 26,763.04 Federated Investors Government Obligations Fund
1.000 2.10% 26,763.04 0.00 26,763.04 0.00
Purchase 09/23/2022 60934N104 6,346.88 Federated Investors Government Obligations Fund
1.000 2.10% 6,346.88 0.00 6,346.88 0.00
Purchase 09/26/2022 60934N104 1,407.08 Federated Investors Government Obligations Fund
1.000 2.10% 1,407.08 0.00 1,407.08 0.00
Purchase 09/26/2022 60934N104 1,899.25 Federated Investors Government Obligations Fund
1.000 2.10% 1,899.25 0.00 1,899.25 0.00
Purchase 09/26/2022 60934N104 148.50 Federated Investors Government Obligations Fund
1.000 2.10% 148.50 0.00 148.50 0.00
Purchase 09/26/2022 60934N104 3,825.00 Federated Investors Government Obligations Fund
1.000 2.10% 3,825.00 0.00 3,825.00 0.00
Execution Time: 10/3/2022 7:33:18 PMChandler Asset Management - CONFIDENTIAL Page 22 of 35 A.5.a
Packet Pg. 64
Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT Transaction Ledger
As of September 30, 2022
City of Moreno Valley
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 09/26/2022 60934N104 2,100.29 Federated Investors Government Obligations Fund
1.000 2.10% 2,100.29 0.00 2,100.29 0.00
Purchase 09/26/2022 60934N104 4,413.75 Federated Investors Government Obligations Fund
1.000 2.10% 4,413.75 0.00 4,413.75 0.00
Purchase 09/26/2022 60934N104 6,304.51 Federated Investors Government Obligations Fund
1.000 2.10% 6,304.51 0.00 6,304.51 0.00
Purchase 09/26/2022 60934N104 8,725.00 Federated Investors Government Obligations Fund
1.000 2.10% 8,725.00 0.00 8,725.00 0.00
Purchase 09/26/2022 60934N104 1,633.66 Federated Investors Government Obligations Fund
1.000 2.10% 1,633.66 0.00 1,633.66 0.00
Purchase 09/26/2022 60934N104 43,267.29 Federated Investors Government Obligations Fund
1.000 2.10% 43,267.29 0.00 43,267.29 0.00
Purchase 09/30/2022 60934N104 11,912.50 Federated Investors Government Obligations Fund
1.000 2.80% 11,912.50 0.00 11,912.50 0.00
Subtotal 4,161,671.19 4,121,378.22 3,064.57 4,124,442.79 0.00 TOTAL ACQUISITIONS 4,161,671.19 4,121,378.22 3,064.57 4,124,442.79 0.00
DISPOSITIONS
Sale 09/09/2022 3130AB3H7 1,400,000.00 FHLB Note
2.375% Due 3/8/2024
98.200 2.37% 1,374,800.00 92.36 1,374,892.36 -25,230.16 Sale 09/09/2022 60934N104 118,389.13 Federated Investors Government Obligations Fund
1.000 2.10% 118,389.13 0.00 118,389.13 0.00
Sale 09/09/2022 912828T91 1,000,000.00 US Treasury Note
1.625% Due 10/31/2023
97.930 1.84% 979,296.88 5,828.80 985,125.68 -18,385.10
Sale 09/20/2022 60934N104 634,364.43 Federated Investors Government Obligations Fund
1.000 2.10% 634,364.43 0.00 634,364.43 0.00
Subtotal 3,152,753.56 3,106,850.44 5,921.16 3,112,771.60 -43,615.26 Execution Time: 10/3/2022 7:33:18 PMChandler Asset Management - CONFIDENTIAL Page 23 of 35 A.5.a
Packet Pg. 65
Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT Transaction Ledger
As of September 30, 2022
City of Moreno Valley
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
DISPOSITIONS
Paydown 09/15/2022 02582JJT8 0.00 American Express Credit Trust 2022-2 A
3.39% Due 5/17/2027
100.000 0.00 5,198.00 5,198.00 0.00
Paydown 09/15/2022 43813DAC2 24,992.01 Honda Auto Receivables 2020-2 A3
0.82% Due 7/15/2024
100.000 24,992.01 175.94 25,167.95 0.00
Paydown 09/15/2022 43815BAC4 0.00 Honda Auto Receivables Trust 2022-1 A3
1.88% Due 5/15/2026
100.000 0.00 1,715.50 1,715.50 0.00
Paydown 09/15/2022 43815NAC8 49,986.77 Honda Auto Receivables Trust 2019-3 A3
1.78% Due 8/15/2023
100.000 49,986.77 190.02 50,176.79 0.00
Paydown 09/15/2022 44891RAC4 53,618.80 Hyundai Auto Receivables Trust 2020-C A3
0.38% Due 5/15/2025
100.000 53,618.80 239.30 53,858.10 0.00
Paydown 09/15/2022 44891VAC5 0.00 Hyundai Auto Lease Trust 2021-B A3
0.33% Due 6/17/2024
100.000 0.00 280.50 280.50 0.00
Paydown 09/15/2022 44891WAC3 0.00 Hyundai Auto Lease Trust 2022-A A3
1.16% Due 1/15/2025
100.000 0.00 739.50 739.50 0.00
Paydown 09/15/2022 448977AD0 0.00 Hyundai Auto Receivables Trust 2022-A A3
2.22% Due 10/15/2026
100.000 0.00 2,220.00 2,220.00 0.00
Paydown 09/15/2022 44933LAC7 0.00 Hyundai Auto Receivables Trust 2021-A A3
0.38% Due 9/15/2025
100.000 0.00 228.00 228.00 0.00
Paydown 09/15/2022 44935FAD6 0.00 Hyundai Auto Receivables Trust 2021-C A3
0.74% Due 5/15/2026
100.000 0.00 271.33 271.33 0.00
Paydown 09/15/2022 477870AC3 11,633.56 John Deere Owner Trust 2019-B A3
2.21% Due 12/15/2023
100.000 11,633.56 82.89 11,716.45 0.00
Paydown 09/15/2022 47787JAC2 0.00 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
100.000 0.00 1,624.00 1,624.00 0.00
Paydown 09/15/2022 47787NAC3 16,300.25 John Deere Owner Trust 2020-B A3
0.51% Due 11/15/2024
100.000 16,300.25 91.43 16,391.68 0.00
Paydown 09/15/2022 47789KAC7 35,953.04 John Deere Owner Trust 2020-A A3
1.1% Due 8/15/2024
100.000 35,953.04 318.56 36,271.60 0.00
Execution Time: 10/3/2022 7:33:18 PMChandler Asset Management - CONFIDENTIAL Page 24 of 35 A.5.a
Packet Pg. 66
Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT Transaction Ledger
As of September 30, 2022
City of Moreno Valley
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
DISPOSITIONS
Paydown 09/15/2022 47789QAC4 0.00 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
100.000 0.00 318.50 318.50 0.00
Paydown 09/15/2022 47800AAC4 0.00 John Deere Owner Trust 2022-B A3
3.74% Due 2/16/2027
100.000 0.00 4,999.65 4,999.65 0.00
Paydown 09/15/2022 58769EAC2 53,209.96 Mercedes-Benz Auto Lease Trust 2020- B A3
0.4% Due 11/15/2023
100.000 53,209.96 106.29 53,316.25 0.00
Paydown 09/15/2022 65479JAD5 49,491.12 Nissan Auto Receivables Owner 2019-C A3
1.93% Due 7/15/2024
100.000 49,491.12 518.23 50,009.35 0.00
Paydown 09/15/2022 89236XAC0 43,238.20 Toyota Auto Receivables 2020-D A3
0.35% Due 1/15/2025
100.000 43,238.20 141.02 43,379.22 0.00
Paydown 09/15/2022 89238JAC9 0.00 Toyota Auto Receivables Trust 2021-D A3
0.71% Due 4/15/2026
100.000 0.00 340.21 340.21 0.00
Paydown 09/15/2022 89240BAC2 90,934.49 Toyota Auto Receivables Owners 2021- A A3
0.26% Due 5/15/2025
100.000 90,934.49 298.04 91,232.53 0.00
Paydown 09/16/2022 362554AC1 0.00 GM Financial Securitized Term 2021-4 A3
0.68% Due 9/16/2026
100.000 0.00 252.17 252.17 0.00
Paydown 09/16/2022 362585AC5 0.00 GM Financial Securitized ART 2022-2 A3
3.1% Due 2/16/2027
100.000 0.00 1,343.33 1,343.33 0.00
Paydown 09/16/2022 380146AC4 0.00 GM Financial Auto Receivables 2022-1 A3
1.26% Due 11/16/2026
100.000 0.00 441.00 441.00 0.00
Paydown 09/19/2022 43813KAC6 50,033.46 Honda Auto Receivables Trust 2020-3 A3
0.37% Due 10/18/2024
100.000 50,033.46 192.33 50,225.79 0.00
Paydown 09/20/2022 36262XAC8 0.00 GM Financial Auto Lease Trust 2021-3 A2
0.39% Due 10/21/2024
100.000 0.00 396.50 396.50 0.00
Execution Time: 10/3/2022 7:33:18 PMChandler Asset Management - CONFIDENTIAL Page 25 of 35 A.5.a
Packet Pg. 67
Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT Transaction Ledger
As of September 30, 2022
City of Moreno Valley
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
DISPOSITIONS
Paydown 09/20/2022 36265MAC9 0.00 GM Financial Auto Lease Trust 2022-1 A3
1.9% Due 3/20/2025
100.000 0.00 2,216.67 2,216.67 0.00
Paydown 09/20/2022 89238LAC4 0.00 Toyota Lease Owner Trust 2022-A A3
1.96% Due 2/20/2025
100.000 0.00 2,793.00 2,793.00 0.00
Paydown 09/20/2022 92290BAA9 145,875.88 Verizon Owner Trust 2020-B A
0.47% Due 2/20/2025
100.000 145,875.88 475.88 146,351.76 0.00
Paydown 09/20/2022 92348AAA3 41,291.75 Verizon Owner Trust 2019-C A1A
1.94% Due 4/22/2024
100.000 41,291.75 281.50 41,573.25 0.00
Paydown 09/20/2022 92348KAV5 0.00 Verizon Master Trust 2022-5 A1A
3.72% Due 7/20/2027
100.000 0.00 3,082.95 3,082.95 0.00
Paydown 09/21/2022 43813GAC5 26,675.65 Honda Auto Receivables Trust 2021-1 A3
0.27% Due 4/21/2025
100.000 26,675.65 87.39 26,763.04 0.00
Paydown 09/21/2022 43815GAC3 0.00 Honda Auto Receivables Trust 2021-4 A3
0.88% Due 1/21/2026
100.000 0.00 451.00 451.00 0.00
Paydown 09/26/2022 05601XAC3 0.00 BMW Vehicle Lease Trust 2022-1 A3
1.1% Due 3/25/2025
100.000 0.00 1,407.08 1,407.08 0.00
Paydown 09/26/2022 05602RAD3 0.00 BMW Vehicle Owner Trust 2022-A A3
3.21% Due 8/25/2026
100.000 0.00 1,899.25 1,899.25 0.00
Paydown 09/26/2022 09690AAC7 0.00 BMW Vehicle Lease Trust 2021-2 A3
0.33% Due 12/26/2024
100.000 0.00 148.50 148.50 0.00
Paydown 09/26/2022 3137B4WB8 0.00 FHLMC K033 A2Due 7/25/2023 100.000 0.00 3,825.00 3,825.00 0.00 Paydown 09/26/2022 3137B5JM6 0.00 FHLMC K034 A2
3.531% Due 7/25/2023
100.000 0.00 4,413.75 4,413.75 0.00
Paydown 09/26/2022 3137B7MZ9 0.00 FHLMC K036 A2Due 10/25/2023 100.000 0.00 6,304.51 6,304.51 0.00 Paydown 09/26/2022 3137B7YY9 0.00 FHLMC K037 A2
3.49% Due 1/25/2024
100.000 0.00 8,725.00 8,725.00 0.00
Execution Time: 10/3/2022 7:33:18 PMChandler Asset Management - CONFIDENTIAL Page 26 of 35 A.5.a
Packet Pg. 68
Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT Transaction Ledger
As of September 30, 2022
City of Moreno Valley
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
DISPOSITIONS
Paydown 09/26/2022 3137BLW95 0.00 FHLMC K050 A2
3.334% Due 8/25/2025
100.000 0.00 1,633.66 1,633.66 0.00
Paydown 09/26/2022 3137BSP72 0.00 FHLMC K058 A2
2.653% Due 8/25/2026
100.000 0.00 2,100.29 2,100.29 0.00
Paydown 09/26/2022 3137BYPQ7 40,440.45 FHLMC K726 A2
2.905% Due 4/25/2024
100.000 40,440.45 2,826.84 43,267.29 0.00
Subtotal 733,675.39 733,675.39 65,394.51 799,069.90 0.00 TOTAL DISPOSITIONS 3,886,428.95 3,840,525.83 71,315.67 3,911,841.50 -43,615.26
OTHER TRANSACTIONS
Interest 09/03/2022 808513BY0 1,425,000.00 Charles Schwab Corp Callable Note Cont 2/3/2027
2.45% Due 3/3/2027
0.000 17,456.25 0.00 17,456.25 0.00
Interest 09/08/2022 3130AB3H7 1,400,000.00 FHLB Note
2.375% Due 3/8/2024
0.000 16,625.00 0.00 16,625.00 0.00
Interest 09/13/2022 3130A2UW4 3,000,000.00 FHLB Note
2.875% Due 9/13/2024
0.000 43,125.00 0.00 43,125.00 0.00
Interest 09/14/2022 3130A4CH3 2,750,000.00 FHLB Note
2.375% Due 3/14/2025
0.000 32,656.25 0.00 32,656.25 0.00
Interest 09/14/2022 58989V2D5 975,000.00 Met Tower Global Funding Note
1.25% Due 9/14/2026
0.000 6,093.75 0.00 6,093.75 0.00
Interest 09/15/2022 002824BB5 2,000,000.00 Abbott Laboratories Callable Note Cont 12/15/2024
2.95% Due 3/15/2025
0.000 29,500.00 0.00 29,500.00 0.00
Interest 09/15/2022 084664CZ2 2,395,000.00 Berkshire Hathaway Callable Note Cont 2/15/2027
2.3% Due 3/15/2027
0.000 27,542.50 0.00 27,542.50 0.00
Interest 09/15/2022 91282CBR1 1,000,000.00 US Treasury Note
0.25% Due 3/15/2024
0.000 1,250.00 0.00 1,250.00 0.00
Execution Time: 10/3/2022 7:33:18 PMChandler Asset Management - CONFIDENTIAL Page 27 of 35 A.5.a
Packet Pg. 69
Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT Transaction Ledger
As of September 30, 2022
City of Moreno Valley
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
OTHER TRANSACTIONS
Interest 09/15/2022 91282CED9 1,495,000.00 US Treasury Note
1.75% Due 3/15/2025
0.000 13,081.25 0.00 13,081.25 0.00
Interest 09/17/2022 931142ER0 445,000.00 Wal-Mart Stores Callable Note Cont 08/17/2026
1.05% Due 9/17/2026
0.000 2,336.25 0.00 2,336.25 0.00
Interest 09/18/2022 808513BN4 955,000.00 Charles Schwab Corp Callable Note Cont 2/18/2024
0.75% Due 3/18/2024
0.000 3,581.25 0.00 3,581.25 0.00
Interest 09/23/2022 3137EAEX3 3,385,000.00 FHLMC Note
0.375% Due 9/23/2025
0.000 6,346.88 0.00 6,346.88 0.00
Interest 09/30/2022 91282CAM3 3,300,000.00 US Treasury Note
0.25% Due 9/30/2025
0.000 4,125.00 0.00 4,125.00 0.00
Interest 09/30/2022 91282CCZ2 1,780,000.00 US Treasury Note
0.875% Due 9/30/2026
0.000 7,787.50 0.00 7,787.50 0.00
Subtotal 26,305,000.00 211,506.88 0.00 211,506.88 0.00
Dividend 09/01/2022 60934N104 8,923,631.21 Federated Investors Government Obligations Fund
0.000 1,094.41 0.00 1,094.41 0.00
Subtotal 8,923,631.21 1,094.41 0.00 1,094.41 0.00
TOTAL OTHER TRANSACTIONS 35,228,631.21 212,601.29 0.00 212,601.29 0.00 Execution Time: 10/3/2022 7:33:18 PMChandler Asset Management - CONFIDENTIAL Page 28 of 35 A.5.a
Packet Pg. 70
Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT City of Moreno Valley Limited Strategy
MONTHLY ACCOUNT STATEMENT
SEPTEMBER 1, 2022 THROUGH SEPTEMBER 30, 2022
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures.
CHANDLER ASSET MANAGEMENT
chandlerasset.com
Chandler Team:
For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian
US Bank
Alexander Bazan
(503) 402-5305
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Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT
ACCOUNT SUMMARY
Beg. Values
as of 8/31/22
End Values
as of 9/30/22
Market Value 10,033,699 10,041,142
Accrued Interest 0 0
Total Market Value 10,033,699 10,041,142
Income Earned 10,548 7,443
Cont/WD 0
Par 10,045,311 10,045,438
Book Value 10,033,699 10,041,142
Cost Value 10,002,287 10,014,665
TOP ISSUERS
Government of United States 59.7%
Federated GOVT Obligation MMF 40.3%
Total 100.0%
PORTFOLIO CHARACTERISTICS
Average Modified Duration 0.03
Average Coupon 1.90%
Average Purchase YTM 1.91%
Average Market YTM 1.91%
Average S&P/Moody Rating AAA/Aaa
Average Final Maturity 0.03 yrs
Average Life 0.00 yrs
CREDIT QUALITY (S&P)
MATURITY DISTRIBUTION
SECTOR ALLOCATION
Portfolio Summary
As of September 30, 2022
City of Moreno Valley Limited Strategy
PERFORMANCE REVIEW
Annualized
TOTAL RATE OF RETURN 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Execution Time: 10/4/2022 2:03:25 PMChandler Asset Management - CONFIDENTIAL Page 30 of 35 A.5.a
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Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT Category Standard Comment
Treasury Issues No Limitation Complies
U.S. Agency Issues No Limitation Complies
Supranational Securities "AA" rating by a NRSRO; 30% maximum; 5% max per issuer; Issued by International Bank for Reconstruction (IBRD), International Finance Corporation (IFC), or Inter-American Development Bank (IADB) only Complies Municipal Securities (Local Agency/State-
CA and others) No Limitation Complies
Banker’s Acceptances 40% maximum; 5% max per issuer; 180 days max maturity Complies Commercial Paper "A-1/P-1/F-1" minimum ratings; "A" rated issuer or higher, if long term debt issued; 25% maximum; 5% max per issuer; 270 days max maturity Complies
Negotiable Certificates of Deposit 30% maximum; 5% max per issuer Complies Medium Term Notes "A" rating or better by a NRSRO; 30% maximum; 5% max per issuer Complies Money Market Mutual Funds and Mutual
Funds AAA/Aaa or Highest rating by two NRSROs; 20% maximum Complies Certificates of Deposit (CD)/ Time Deposit
(TD)/ Bank Deposit (Collateralized/FDIC
insured)
5% max per issuer Complies
Asset-Backed Securities, Mortgage Pass-
Through Securities, Collateralized
Mortgage Backed Securities
"AA" rating or better by a NRSRO; 20% maximum (combined MBS/ABS/CMO); 5% max per issuer Complies Repurchase Agreements 1 year max maturity Complies
Local Agency Investment Fund (LAIF) Maximum program limitation; Not used by investment adviser Complies County Pooled Investment Funds;
Joint Powers Authority Pool Not used by investment adviser Complies Prohibited Securities
Reverse repurchase agreements; Futures or Option contracts; Securities lending; Zero interest accrual securities; Derivatives including but not limited to: Inverse floaters, Interest only strips from mortgages, residual securities, structured notes, forward based derivatives, forward contracts, forward rate agreements, interest rate futures, foreign currency futures contracts, option based derivatives, interest rate caps, interest rate floors, swap contracts, interest rate swaps, interest rate collars, foreign currency swaps, cross currency exchange agreements, fixed rate currency swaps, basis swaps, equity swaps, fixed rate equity swaps, floating rate equity swaps and commodity swaps.
Complies
Max Per Issuer 5% of portfolio per issuer, except US Government, its agencies and instrumentalities Complies Maximum Maturity 5 years Complies
Weighted Average Maturity 3 years Complies
Statement of Compliance
As of September 30, 2022
City of Moreno Valley Limited Strategy
Assets managed by Chandler Asset Management are in full compliance with state law and with the City's investment policy.
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Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT REPORT - Holdings Report
As of September 30, 2022
City of Moreno Valley Limited Strategy
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
MONEY MARKET FUND
60934N104 Federated Investors Government
Obligations Fund
4,045,438.43 Various
2.80%
4,045,438.43
4,045,438.43
1.00 2.80%
4,045,438.43
0.00 40.29%
0.00 Aaa / AAA
AAA
0.00 0.00
Total Money Market Fund 4,045,438.43 2.80%
4,045,438.43
4,045,438.43 2.80%
4,045,438.43
0.00 40.29%
0.00 Aaa / AAA
AAA
0.00 0.00
US TREASURY
912796M89 US Treasury Bill
1.203% Due 10/6/2022
3,000,000.00 05/27/2022
1.23%
2,987,166.66
2,999,498.70
99.98 1.23%
2,999,498.70
0.00 29.87%
0.00 P-1 / A-1+
F-1+
0.02 0.02
912796N96 US Treasury Bill
1.38% Due 11/3/2022
3,000,000.00 05/27/2022
1.41%
2,982,060.00
2,996,205.00
99.87 1.41%
2,996,205.00
0.00 29.84%
0.00 P-1 / A-1+
F-1+
0.09 0.09
Total US Treasury 6,000,000.00 1.32%
5,969,226.66
5,995,703.70 1.32%
5,995,703.70
0.00 59.71%
0.00 P-1 / A-1+
F-1+
0.05 0.05
TOTAL PORTFOLIO 10,045,438.43 1.91%
10,014,665.09
10,041,142.13 1.91%
10,041,142.13
0.00 100.00%
0.00 Aaa / AAA
AAA
0.03 0.03
TOTAL MARKET VALUE PLUS ACCRUED 10,041,142.13
Execution Time: 10/4/2022 2:03:25 PMChandler Asset Management - CONFIDENTIAL Page 32 of 35 A.5.a
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Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT Transaction Ledger
As of September 30, 2022
City of Moreno Valley Limited Strategy
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 09/01/2022 60934N104 127.78 Federated Investors Government Obligations Fund
1.000 2.10% 127.78 0.00 127.78 0.00
Purchase 09/08/2022 60934N104 4,000,000.00 Federated Investors Government Obligations Fund
1.000 2.10% 4,000,000.00 0.00 4,000,000.00 0.00
Subtotal 4,000,127.78 4,000,127.78 0.00 4,000,127.78 0.00 TOTAL ACQUISITIONS 4,000,127.78 4,000,127.78 0.00 4,000,127.78 0.00
DISPOSITIONS
Maturity 09/08/2022 912796M71 4,000,000.00 US Treasury Bill
1.103% Due 9/8/2022
100.000 4,000,000.00 0.00 4,000,000.00 0.00
Subtotal 4,000,000.00 4,000,000.00 0.00 4,000,000.00 0.00 TOTAL DISPOSITIONS 4,000,000.00 4,000,000.00 0.00 4,000,000.00 0.00
OTHER TRANSACTIONS
Dividend 09/01/2022 60934N104 1,041,913.08 Federated Investors Government Obligations Fund
0.000 127.78 0.00 127.78 0.00
Subtotal 1,041,913.08 127.78 0.00 127.78 0.00
TOTAL OTHER TRANSACTIONS 1,041,913.08 127.78 0.00 127.78 0.00 Execution Time: 10/4/2022 2:03:25 PMChandler Asset Management - CONFIDENTIAL Page 33 of 35 A.5.a
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Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT Persistently high inflation and more restrictive monetary policies around the globe are setting the tone for financial markets. Labor markets and consumer balance sheets remain strong; however, inflation is weighing heavily on consumer sentiment and beginning to impact discretionary spending. Corporate earnings have generally performed better than expected.
While evidence of slower economic conditions has begun to mount, we expect the Federal Reserve to continue to raise rates until a sustainable improvement in inflationary conditions has been achieved. Over the near-term, we expect financial market volatility to remain intensified and conditions to tighten with persistent inflation, geopolitical risk, supply chain bottlenecks, and the Fed's hawkish monetary policy.
At the July meeting, the Federal Open Market Committee (FOMC) delivered another 75-basis point increase to the Fed Funds Rate, increasing the range to 2.25% to 2.50%. The FOMC acknowledged spending and production were trending lower, offset by a strong labor market and elevated inflation metrics. Although declining to provide “forward guidance” , Fed Chair Powell acknowledged current policy settings are close to neutral but emphasized policy would need to move to a more restrictive stance to counterbalance the elevated inflation trends. We anticipate additional rates hikes as the Fed remains focused on lowering inflation.
In August, yields rose, and the curve inverted further. The 2-year Treasury yield increased 61 basis points to 3.50%, the 5-year Treasury yield rose 68 basis points to 3.35%, and the 10-year Treasury yield gained 54 basis points to 3.20%. The spread between the 2-year Treasury yield and 10-year Treasury yield became more inverted at -30 basis points at August month-end versus -24 basis points at July month-end. The spread was a positive 110 basis points one year ago. The spread between 3-month and 10-year treasuries compressed to just 27 basis points in August. The shape of the curve does not necessarily indicate an imminent recession but bears watching as a better predictor of recession over the medium-term.
Market Summary
Treasury Yields Rose in August
BOND MARKET REVIEW
A Monthly Review of Fixed Income Markets
SEPTEMBER 2022
Chandler Asset Management | 800.317.4747 | chandlerasset.com | Page 1 TREASURY YIELDS Trend (▲/▼) 8/31/2022 7/29/2022 Change
3-Month ▲ 2.93 2.36 0.56
2-Year ▲ 3.50 2.89 0.61
3-Year ▲ 3.52 2.81 0.71
5-Year ▲ 3.35 2.68 0.68
7-Year ▲ 3.31 2.68 0.63
10-Year ▲ 3.20 2.65 0.54
30-Year ▲ 3.29 3.01 0.28
Source: Bloomberg
At the end of August, the 2-year Treasury yield was 329 basis points higher, and the 10-Year Treasury yield was about 189 basis points higher, year-over-year. The spread between the 2-year Treasury yield and 10-year Treasury yield became more inverted at -30 basis points at August month-end versus -24 basis points at July month-end. The average historical spread (since 2003) is about 130 basis points.
Market Data
World Stock Market Indices
data as of 8/31/2022
Change
(7/29/2022) %CHG
S&P 500
3,955.00 -175.29 -4.24%
NASDAQ
11,816.20 -574.49 -4.64%
DOW JONES
31,510.43 -1,334.70 -4.06%
FTSE (UK)
7,284.15 -139.28 -1.88%
DAX (Germany)
12,834.96 -649.09 -4.81%
Hang Seng (Hong Kong)
19,954.39 -202.12 -1.00%
Nikkei (Japan)
28,091.53 289.89 1.04%
Source: Bloomberg. Please see
descriptions of indices on Page 2.
Toll Free: 800.317.4747
[email protected]
chandlerasset.com
Source: Bloomberg
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Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT REPORT - QUARTER ENDED SEPTEMBER Economic Roundup
Consumer Prices
The Consumer Price Index (CPI) increased 8.3% year-over-year in August as shelter, food, and medical care were among the largest contributors along with several other categories that posted record increases. Core CPI (CPI less food and energy) rose 6.3% year-over-year in August, the first annual rate acceleration in six months. Meanwhile, the Personal Consumption Expenditures (PCE) index came in better than expected, up 6.3% year-over-year in July, versus a 6.8% year-over-year increase June. Core PCE was up 4.6% year-over-year in July, versus up 4.8% year-over-year in June. The surprisingly strong core CPI in August and persistently elevated inflation above the Federal Reserve’s (Fed) longer-run target of around 2.0% is likely to keep the Fed on a path toward tighter monetary policy and another increase in the federal funds rate at its next meeting on September 21, 2022.
Retail Sales
Retail sales were unchanged month-over-month in July, led by a significant dollar value decrease in gasoline sales. Second quarter eCommerce sales accounted for 14.5% of total sales up from 14.3% in first quarter 2022. Retail sales growth is at risk as consumers dip into savings and assume more debt. On a year-over-year basis, retail sales were up 10.3% in July. The Consumer Confidence index rose to 103.2 in August from a downwardly revised 95.3 in July.
Both current conditions and future expectations improved from last month. Energy prices have eased; however, discretionary spending decisions remain pressured by broad-based inflation.
Labor Market
The U.S. economy added 315,000 jobs in August, surpassing market expectations of 298,000, while gains were revised downward by 107,000 for the prior two months. Trends in employment remain strong, with the three-month moving average payrolls at 378,000 and the six-month moving average at 381,000. Hiring was widespread, led by professional and business services, healthcare, and retail. The unemployment rate rose to 3.7% from 3.5%, as the labor participation rate increased to 62.4% from 62.1% in July. The U-6 underemployment rate, which includes those who are marginally attached to the labor force and employed part time for economic reasons increased to 7.0% from 6.7% last month. Average hourly earnings rose 5.2% year-over-year in August, remaining consistent with July, adding to broader inflationary pressures in the economy. The strong August labor report bolsters the case for the Fed to continue raising the federal funds rate.
Housing Starts
Total housing starts declined 9.6% to an annual rate of 1,446,000 in July, from a revised 1,599,000 in units in June. Single-family home starts fell by 10.1% and multi-family decreased by 8.6% month-over-month. On a year-over-year basis, total housing starts decreased 8.1%, driven by a drop in all home types as homebuyers struggle with a combination of elevated prices and higher mortgage rates. According to the Case-Shiller 20-City home price index, home prices were up 18.6% year-over-year in June, easing from a 20.5% year-over-year increase in May. The rate of home price increases will likely continue to decelerate as the year progresses due to the substantial rise in mortgage rates and the negative performance of financial markets.
Chandler Asset Management | Page 2
BOND MARKET REVIEW
©2022 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.
Data source: Bloomberg and the U.S. Department of Labor. This report is provided for informational purposes only and should not be construed as specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of publication, but may become outdated or superseded at any time without notice. Any opinions or views expressed are based on current market conditions and are subject to change. This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied upon as an indicator of future results.
Past performance is not indicative of future results. This report is not intended to constitute an offer, solicitation, recommendation or advice regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment. Fixed income investments are subject to interest, credit, and market risk. Interest rate risk: the value of fixed income investments will decline as interest rates rise. Credit risk: the possibility that the borrower may not be able to repay interest and principal. Low rated bonds generally have to pay higher interest rates to attract investors willing to take on greater risk. Market risk: the bond market in general could decline due to economic conditions, especially during periods of rising interest rates.
Inflationary Pressures Remain the Primary Headwind to Economic Growth ECONOMIC INDICATOR Current Release Prior Release One Year Ago Trade Balance (70.65) $Bln JUL 22 (80.88) $Bln JUN 22 (69.38) $Bln JUL 21 Gross Domestic Product (0.60%) JUN 22 (1.60%) MAR 21 6.70% JUN 21 Unemployment Rate 3.70% AUG 22 3.50% JUL 22 5.20% AUG 21 Prime Rate 5.50% AUG 22 5.50% JUL 22 3.25% AUG 21
Refinitiv/CoreCommodity CRB Index 290.41 AUG 22 292.06 JUL 22 218.17 AUG 21 Oil (West Texas Int.) $89.55 AUG 22 $98.62 JUL 22 $68.50 AUG 21 Consumer Price Index (y/o/y) 8.30% AUG 22 8.50% JUL 22 5.30% AUG 21 Producer Price Index (y/o/y) 12.70% AUG 22 15.40% JUL 22 10.70% AUG 21 Euro/Dollar 1.01 AUG 22 1.02 JUL 22 1.18 AUG 21
Source: Bloomberg
Credit Spreads tightened in August
CREDIT SPREADS Spread to Treasuries (%) One Month Ago (%) Change 3-month top rated commercial paper 0.12 0.46 (0.34)
2-year A corporate note 0.37 0.41 (0.04)
5-year A corporate note 0.78 0.85 (0.07)
5-year Agency note 0.10 0.18 (0.08)
Source: Bloomberg Data as of 8/31/2022
Since 1988, Chandler
Asset Management
has specialized in
providing fixed
income investment
solutions to risk-averse
public agencies and
institutions. Chandler’s
mission is to provide
fully customizable
client-centered portfolio
management that
preserves principal,
mitigates risk, and
generates income in
our clients’ portfolios.
World Stock Market Index Descriptions
S&P 500– The S&P 500 is a market value-weighted index of 500 large-capitalization stocks. The 500 companies included in the index capture approximately 80% of available US market capitalization. NASDAQ–The NASDAQ Composite Index is the market capitalization-weighted index of over 3.300 common stocks listed on the NASDAQ stock exchange. Dow Jones–The Dow Jones Industrial Average is an index that tracks 30 large, publicly-owned companies trading on the New York Stock Exchange and the NASDAQ. The Financial Times Stock Exchange Group (FTSE)– The FTSE is a share index of the 100 companies listed on the London Stock Exchange with the highest market capitalization. DAX–The Deutscher Aktienindex (DAX) is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange. Hang Seng–The Hang Seng Index is a freefloat-adjusted market-capitalization- weighted stock market index in Hong Kong. It is used to record and monitor daily changes of the largest companies of the Hong Kong stock market and is the main indicator of overall market performance in Hong Kong. Nikkei–Japan's Nikkei 225 Stock Average is a price-weighted index composed of Japan's top 225 blue-chip companies traded on the Tokyo Stock Exchange.
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Attachment: Investment Report - September 2022 (5723 : RECEIPT OF QUARTERLY INVESTMENT REPORT - QUARTER ENDED SEPTEMBER 1 Resolution No. 2022-XX
Date Adopted: November 1, 2022
RESOLUTION NO. 2022-XX
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF MORENO VALLEY
APPROVING THE ADOPTION OF THE
PUBLIC AGENCIES POST-EMPLOYMENT BENEFITS TRUST
ADMINISTERED BY PUBLIC AGENCY RETIREMENT SERVICES (PARS)
WHEREAS, PARS has made available t he PARS Public Agencies Post - Employment Benefits Trust (the “Program”) for the purpose of prefunding pension obligations and/or OPEB obligations; and
WHEREAS, the City of Moreno Valley (“City”) is eligible to participate in the Program, a tax-exempt trust performing an essential governmental function within the meaning of Section 115 of the Internal Revenue Code, as amended, and the Regulations issued there under, and is a tax -exempt trust under the relevant statutory provisions of the State of California; and
WHEREAS, the City’s adoption and operation of the Program has no effect on any current or former employee’s entitlement to post-employment benefits; and
WHEREAS, the terms and conditions of post -employment benefit entitlemen t, if any, are governed by contracts separate from and independent of the Program; and
WHEREAS, the City’s f unding of the Program does not, and is not intended to, create any new vested right to any benefit nor strengthen any existing vested right; and
WHEREAS, the City reserves the right to make contributions, if any, to the Program.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MORENO
VALLEY, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:
1. The City Council hereby adopts the PARS Public Agenci es Post-Employment Benefits Trust; and
2. The City Council hereby appoints the City Manager, or his/her successor or his/her designee as the City’s Plan Administrator for the Program; and
3. The City’s Plan Administrator is hereby authorized to ex ecute the PARS legal and administrative documents on behalf of th e City and to take whatever additional actions are necessary to maintain the City’s participation in the Program and to maintain compliance of any relevant regulation issued or as may be issu ed; therefore, authorizing him/her to take whateve r additional actions are required to administer the City’s Program.
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Attachment: PARS 115 Trust City Resolution 2022-XX [Revision 1] (5723 : RECEIPT OF QUARTERLY INVESTMENT REPORT - QUARTER 2 Resolution No. 2022-XX
Date Adopted: November 1, 2022
BE IT FURTHER RESOLVED that this Resolution shall take effect immediately upon its adoption.
APPROVED AND ADOPTED this 1st day of November, 2022.
___________________________
Mayor of the City of Moreno Valley
ATTEST:
____________________________
City Clerk
APPROVED AS TO FORM:
____________________________
City Attorney
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Attachment: PARS 115 Trust City Resolution 2022-XX [Revision 1] (5723 : RECEIPT OF QUARTERLY INVESTMENT REPORT - QUARTER 3 Resolution No. 2022-XX
Date Adopted: November 1, 2022
RESOLUTION JURAT
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF MORENO VALLEY )
I, Jane Halstead, City Clerk of the City o f Moreno Valley, California, do hereby certify that Resolution No. 2022-XX was duly and regularly adopted by the City Coun cil of the City of Moreno Valley at a reg ular meeting ther eof held on the 1st day of November, 2022 by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
(Council Members, Mayor Pro Tem and Mayor)
___________________________________
CITY CLERK
(SEAL)
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Attachment: PARS 115 Trust City Resolution 2022-XX [Revision 1] (5723 : RECEIPT OF QUARTERLY INVESTMENT REPORT - QUARTER
Report to City Council
ID#5941 Page 1
TO: Mayor and City Council
FROM: Brian Mohan, Assistant City Manager
AGENDA DATE: November 1, 2022
TITLE: FISCAL YEAR 2022/23 FIRST QUARTER BUDGET
REVIEW AND APPROVAL OF THE FIRST QUARTER
BUDGET AMENDMENTS AND REVIEW OF THE
OPERATING AND CAPITAL CARRY OVERS FROM
FISCAL YEAR 2021/22
RECOMMENDED ACTION
Recommendations: That the City Council:
1. Receive and file the Fiscal Year (FY) 2022/23 First Quarter Budget Review.
2. Adopt Resolution No. 2022 -XX. A resolution of the City Council of the City of Moreno Valley, California, adopting the revised budgets for fiscal year 2022/23.
3. Approve the City Position Summary.
4. Approve the Salary Career Schedule effective November 2, 2022.
5. Receive and file the Fiscal Year 2021/22 Carryover Memo.
Recommendations: That the CSD:
1. Adopt Resolution No. CSD 2022 -XX. A resolution of the Moreno Valley Community Services District of the City of Moreno Valley, California, adopting the revised operating and capital budgets for Fiscal Year 2022/23.
Recommendations: That the City Council as Successor Agency:
1. Adopt Resolution No. Successor Agency 202 2-XX. A Resolution of the City Council of the City of Moreno Valley, California, serving as Successor Agency to A.6
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the Community Redevelopment Agency of the City of Moreno Valley, Cal ifornia, adopting the revised operating and capital budget for Fiscal Year 2022/23.
SUMMARY
This report provides the First Quarter Budget Report, which updates the Mayor and City Council regarding current year financial trends, and provides the Fiscal Yea r 2022/23 First Quarter Budget Review through September 30, 202 2. This report also requests the approval of certain FY 2022/23 revenue and expenditure budget amendments.
At the end of FY 2021/22, all unexpended appropriations lapse and revert to fund balance. Once the fiscal year -end closing process has identified the items that are encumbered by purchase order, contract, or other commitment at June 30 th, these items may become a carryover budget pursuant to City Council Resolution 2021 -31 adopted May 4, 2021. A copy of the Carryover Memo for FY 2022/23 has been included for transparency.
This item was noticed on the October 25 , 202 2 Finance Subcommittee agenda for review and discussion.
DISCUSSION
Based on a long -term practice of maintaining a structura lly balanced budget and being identified as one of the most fiscally fit cities in the Country, on May 4, 2021 , the City Council continued this trend and adopted the Two -Year Operating Budget for Fiscal Years 20 21/22 – 2022/23, while adhering to those past practices. Additionally, as established after the last recession, the budget continues to fund and maintain separate reserves specifically established for periods of economic uncertainty or natural disasters. The budget included all component units of t he City, including the General Fund, Community Services District, Housing Authority and Succ essor Agency. During the two -year budget period, the City Council will be updated of the City’s financial condition through the process of Quarterly Budget Reviews . This ongoing process ensures a forum to review expenditure and revenue changes from the estimates made in the budget document. Additionally , any significant changes in projected revenue or unanticipated expenditures that may occur will be presented to the City Council.
This report provides the FY 2022/23 First Quarter Review for the first three months, July thru September. The first quarter budget review will focus primarily on the City’s General Fund. This review will also present three -month operational results from other key funds.
The City Council’s direction of “Maintain a Balanced General Fund Budget” serves as a foundation for the fiscal status of City operations. Ongoing funding is directed to sustain ongoing operational expenses; one -time fu nding is directed toward one -time expenditures. This report identifies the budget adjustments as recommended by the City Manager.
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FISCAL YEAR 2022/23 FIRST QUARTER REVIEW:
This First Quarter Report updates the Mayor and City Council regarding current yea r financial trends and provides the opportunity for the City Council to review the recommended actions as they relate to revenues and expenditures.
General Fund Revenue Update
Revenue receipts do not follow an even schedule. Although 25% of the fiscal year has elapsed, based on historic trends revenues are estimated to be at approximately 11% of the budgeted amount. Actual revenues received are currently 11% of budget. As the FY 2022/23 revenue estimates were developed prior to the adoption of the budg et on May 4, 2021, the revenue estimates may require adjustments based on the FY 2022/23 actuals and revised projections throughout the year. Although there will be variances in some of the amounts budgeted, the total is expected to remain within 1% of th e amended budget for the year. It should be noted that the lag in timing of revenue receipts helps illustrate the need for an operating cash reserve throughout each fiscal year.
General Fund Expenditure Update
Although not all expenditures follow a straig ht-line spending pattern, operating expenditures should track close to within 25% of budget for the year at the end of the first three months. As of September 30, 202 2, total General Fund expenditures were at 17%. This pace is within expectations for most activities in the General Fund.
FISCAL YEAR 2022/23 BUDGET ADJUSTMENTS
The FY 2022/23 General Fund revenue budget, as amended, totals approximately $130.9 million. Based on economic activity and revenue collections through September 2022, staff is rec ommending a First Quarter budget increase of $7.7 million to approximately $138.6 million. This increase is primarily driven by increased sales and cannabis tax revenue.
The FY 202 2/23 General Fund expenditure budget , as amended, and excluding one - time expenditures from fund balance, totals approximately $137.5 million. The recommended First Quarter budget amendments increase expenditures by $1.1 million to $138.6 million. This is primarily due to an increase in the community services and City beautifi cation programs. The fund continues to be structurally balanced, without the use of fund balance for ongoing operations . The specific budget adjustments for the General Fund are summarized in Exhibit A attached to the City Council Resolutions recommended for approval.
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Fund Type
(Rev/Exp)
FY 2022/23
Amended
Budget (1)
Proposed
Adjustments
FY 2022/23
Amended
Budget
Proposed
Adjustments
(%)
General Fund Rev
$130,903,967
$7,685,774
$138,589,741
<1%
General Fund Exp
$137,512,352
$1,068,049
$138,580,401
<1%
Net Total ($6,608,385) $6,617,725 $9,340
(1) Includes FY 2021/22 carryover amounts.
FISCAL YEAR 2022/23 PERSONNEL UPDATES
City Position Summary Action
The City Position Summary as amended by the City Council serves as an impo rtant internal control tool for City Council to establish authorized positions for the City while enabling staff to manage within the authorized and funded positions. The City Position Summary addresses career authorized positions and does not include tem porary positions. As a result of operational changes, some positions are being requested to be added based on current and projected demands for those positions and services. Staff recommends the following updates to the City Position Summary:
Department / Position Title
Adjustment
FY 2022/23
Requested
Budget
Amendment
Parks & Community Svcs Department
Landscape Services Supervisor PAM/C25 (1)
$0 Parks Project Manager PAM/C25 1
Parks Maintenance Superintendent PAM/C27 (1)
Parks & Landscape Services Division Manager DMG/C31 1 $15,434
Parks Maintenance Supervisor
PAM/C23
(2)
Parks Maintenance Supervisor PAM/C25 2 $18,122
Child Care Program Manager NE/C16 (1)
Child Care Program Manager PAM/C19 1 $11,448
Child Care Site Supervisor PTC/C14 (4)
Child Care Site Supervisor PTC/C15 4 $20,298
Child Care Instructor II PTC/CC10 (4)
Child Care Instructor II PTC/CC11 4 $17,554
Child Care Assistant PTC/CC06 (4)
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Child Care Assistant PTC/CC09 4 $13,749
Special Events & Facilities Division Manager DMG/C30 1 $183,013
Financial & Management Services Department
Management Aide NE/C18 NE/C18 (1) Management Assistant PAM/C22 1 $10,445
Public Works
Senior Engineer, P.E. PAM/C31 1 $192,164
Associate Engineer II PAM/C29 1 $174,299
Total Adjustment
3 $656,526
ALTERNATIVES
1. Approve Recommended Actions as set forth in this staff report, including the approval of the budget adjustments , as presented in Exhibit A . The approval of these items will allow ongoing activities to be carried out in the cu rrent fiscal year and the City is able to modify budgets and operations as necessary through this quarterly review, while retaining a structurally balanced General Fund budget.
Staff recommends this alternative.
1. Do not approve proposed Recommended Action s as set forth in this staff report, including the resolutions adopting the budget adjustments to the budget, as presented in Exhibit A. Staff does not recommend this alternative.
FISCAL IMPACT
The City’s Operating and Capital Budgets provide the funding and expenditure plan for all funds. As such, they serve as the City’s financial plan for the fiscal year. The fiscal impacts for the proposed budget amendments are identified in Exhibit A.
NOTIFICATION
Publication of the agenda.
PREPARATION OF STAFF REPORT
Prepared By: Department Head Approval:
Stephanie Cuff Brian Mohan
Senior Management Analyst Chief Financial Officer/City Treasurer
Concurred By: Approved by:
Launa Jimenez Mike Lee
Financial Resources Division Manager City Manager
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CITY COUNCIL GOALS
Revenue Diversification and Preservation. Develop a variety of City revenue sources and policies to create a stable revenue base and fiscal policies to support essential City services, regardless of economic climate.
Public Safety. Provide a safe and secure environment for people and property in the community, control the number and severity of fire and hazardous material incidents, and provide protection for citizens who live, work and visit the City of Moreno Valley.
Public Facilities and Capital Projects . Ensure that needed public facilities, roadway improvements, and other infrastructure improvements are constructed and maintained.
Positive Environment. Create a positive environment for the development of Moreno Valley's future.
Community Image, Neighborhood Pride and Cleanliness . Promote a sense of community pride and foster an excellent image about our City by developing and executing programs which will result in quality development, enhanced neighborhood preservation efforts, including home rehabilitation and neighborhood restoration.
CITY COUNCIL STRATEGIC PRIORITIES
1. Economic Development
2. Public Safety
3. Library
4. Infrastructure
5. Beautification, Community Engagement, and Quality of Life
6. Youth Programs
Objective 1.1: Proactively attract high-quality businesses.
Objective 1.2: Market all the opportunities for quality industrial development in Moreno Valley by promoting all high -profile industrial and business projects that set the City apart from others.
Objective 1.6: Establish Moreno Valley as the worldwide model in logistics development.
Objective 6.2: Improve health, wellness and fitness for Moreno Valley youth through recreation and sports programs.
ATTACHMENTS
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To view large attachments, please click y our “bookmarks” on the left hand side of this document for the necessary attachment.
1. FY22-23 First Quarter Financial Summary Report
2. City Resolution 2022-XX
3. CSD Resolution 2022-XX
4. SA Resolution 2022-XX
5. Exhibit A - Proposed Amendments
6. City Position Summary FY 22-23_1st Q
7. City Salary Career Schedule Effective 11.2.22
8. FY 22-23 Carryover Memo & Exhibits
APPROVALS
Budget Officer Approval ✓ Approved . 10/25/22 5:48 PM City Attorney Approval ✓ Approved .
City Manager Approval ✓ Approved . 10/26/22 10:25 AM A.6
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1 City of Moreno Valley
Fiscal Year 2022/23
First Quarter Financial Summary
TO: Mayor and City Council
FROM: Brian Mohan, Chief Financial Officer/City Treasurer DATE: November 1, 2022
INTRODUCTION
On May 4, 2021, the City Council adopted the Two-Year Operating Budget for Fiscal Years (FY) 2021/22 – 2022/23. During the two-year budget period, the City Council will be kept apprised of the City’s financial condition throug h the process of First Quarter, Mid-Year and Third Quarter Reviews. This ongoing process ensures a forum to look at expenditure and revenue deviations from the estimates made in the budget document. Additionally, any significant changes in projected revenue or unanticipated expenditur es that may occur will be shared with the City Council.
This report provides a review of the unaudited financial results at the First Quarter of FY 2022/23 (July 2022 – September 2022, 25% of the fiscal year).
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Attachment: FY22-23 First Quarter Financial Summary Report (5941 : FISCAL YEAR 2022/23 FIRST QUARTER BUDGET REVIEW & APPROVAL First Quarter Financial Summary FY 2022/23 2
CITYWIDE OPERATING EXPENDITURE SUMMARY
The following table contains a summary of the adopted budget, amended budget and the First Quarter expenditures. The totals represent each major fund type and component unit of the City.
Table 1. Citywide Operating Expenditures
Actions taken by the City Council subsequent to the May 4, 2021 adoption of the two-year budget and included in the Amended Budget are:
• Throughout the fiscal year, there are also budget amendments to reflect the acceptance of grants and adjustments to contractual services and material/supplies. The individual amendments are reviewed as part of separate City Council agenda items. • The majority of this First Quarter update will focus on the General Fund, as it supports all basic services provided to City residents. Highlights for other key component funds will be discussed at a summary level as well.
FY 2022/23
Adopted Budget
FY 2022/23
Amended Budget
Actuals as of
09/30/22
(unaudited)
% of Amended
Budget
Fund/Component Unit
General Fund $ 124,521,412 $ 137,512,352 $ 23,352,660 17.0% Community Services District (CSD) 23,946,062 33,489,949 4,693,315 14.0% Successor Agency 4,173,275 4,203,466 937,748 22.3% Housing Fund 165,000 165,000 8,478 5.1% Special Revenue Funds 32,127,095 105,839,286 11,521,271 10.9% Capital Projects Funds 1,213,705 88,029,090 237,400 0.3% Electric Utility Funds 42,022,198 49,808,779 9,818,506 19.7% Internal Service Funds 11,562,936 12,510,391 3,934,370 31.4% Debt Service Funds 4,247,163 4,247,163 50 0.0% * Total 243,978,846$ 435,805,476$ 54,503,799$ 12.5% *Due to bond refinancing.
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Attachment: FY22-23 First Quarter Financial Summary Report (5941 : FISCAL YEAR 2022/23 FIRST QUARTER BUDGET REVIEW & APPROVAL First Quarter Financial Summary FY 2022/23 3
GENERAL FUND OPERATING
Table 2. General Fund Operations
FY 2022/23
Adopted Budget
FY 2022/23
Amended Budget
Actuals as of
09/30/22
(unaudited)
% of Amended
Budget
Revenues:
Taxes:
Property Tax $ 18,838,500 $ 19,738,500 $ 11,714 0.1% Property Tax in-lieu 25,623,093 25,623,093 - 0.0% Utility Users Tax 15,717,540 15,717,540 3,069,170 19.5% Sales Tax 23,005,000 27,727,324 2,925,105 10.5% Other Taxes 16,653,787 16,666,375 2,365,516 14.2% Licenses & Permits 5,364,135 5,364,135 1,314,183 24.5% Intergovernmental 345,000 610,803 155,520 25.5% Charges for Services 12,797,871 13,270,371 4,159,183 31.3% Use of Money & Property 4,669,753 4,669,753 612,653 13.1% Fines & Forfeitures 504,500 504,500 34,269 6.8% Miscellaneous 166,000 166,000 71,100 42.8% Total Revenues $ 123,685,179 $ 130,058,394 $ 14,718,413 11.3% Expenditures:
Personnel Services $ 25,197,956 $ 27,341,544 5,705,771$ 20.9% Contractual Services 86,478,353 69,853,270 13,391,808 19.2% Material & Supplies 2,108,180 3,378,897 472,292 14.0% General Government - - - - Debt Service - - - - Fixed Charges 6,171,821 6,171,821 1,491,143 24.2% Fixed Assets - 45,739 2,870 6.3% Total Expenditures $ 119,956,310 $ 106,791,271 $ 21,063,883 19.7% Excess (Deficiency) of Revenues
Over (Under) Expenditures $ 3,728,869 $ 23,267,123 $ (6,345,470) Transfers:
Transfers In $ 845,573 $ 845,573 $ 50,000 5.9% Transfers Out 4,565,102 30,721,081 2,288,777 7.5% Net Transfers $ (3,719,529) $ (29,875,508) $ (2,238,777) Total Revenues & Transfers In $ 124,530,752 $ 130,903,967 $ 14,768,413 11.3% Total Expenditures & Transfers Out 124,521,412 137,512,352 23,352,660 17.0% Net Change of Fund Balance $ 9,340 $ (6,608,385) $ (8,584,247) A.6.a
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Attachment: FY22-23 First Quarter Financial Summary Report (5941 : FISCAL YEAR 2022/23 FIRST QUARTER BUDGET REVIEW & APPROVAL First Quarter Financial Summary FY 2022/23 4
General Fund Operating Revenues
The General Fund is comprised of several revenue types. However, the main sources include property tax, utility user’s tax, and sales tax. Each of these is affected by different economic activity cycles and pressures.
Table 3. General Fund Operating Revenues
Property Taxes/Property Taxes In-Lieu
Property taxes were budgeted to increase by 8% from the FY 2021/22 Amended Budget. The annual schedule of property tax payments from the County of Riverside will provide payments to the City based on the following estimated schedule:
Secured Property Tax Payment Dates
Settlement 1 January
Settlement 2 May
Settlement 3 August
Teeter Settlement October
Based on historical averages of actual receipts, the City is estimated to receive less than 1% of the budgeted property tax revenue through First Quarter. The City has currently received 0% through First Quarter. Property taxes will continue to be monitored as property valuations may adjust through the year based on property sales and assessment appeals filed with the County.
FY 2022/23
Adopted Budget
FY 2022/23
Amended Budget
Actuals as of
09/30/22
(unaudited)
% of Amended
Budget
Revenues:
Taxes:
Property Tax $ 18,838,500 $ 19,738,500 $ 11,714 0.1% Property Tax in-lieu 25,623,093 25,623,093 - 0.0% Utility Users Tax 15,717,540 15,717,540 3,069,170 19.5% Sales Tax 23,005,000 27,727,324 2,925,105 10.5% Other Taxes 16,653,787 16,666,375 2,365,516 14.2% Licenses & Permits 5,364,135 5,364,135 1,314,183 24.5% Intergovernmental 345,000 610,803 155,520 25.5% Charges for Services 12,797,871 13,270,371 4,159,183 31.3% Use of Money & Property 4,669,753 4,669,753 612,653 13.1% Fines & Forfeitures 504,500 504,500 34,269 6.8% Miscellaneous 166,000 166,000 71,100 42.8% Total Revenues $ 123,685,179 $ 130,058,394 $ 14,718,413 11.3% A.6.a
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Attachment: FY22-23 First Quarter Financial Summary Report (5941 : FISCAL YEAR 2022/23 FIRST QUARTER BUDGET REVIEW & APPROVAL First Quarter Financial Summary FY 2022/23 5
Note: FYs 2014/15, 2017/18, 2019/20, 2020/21, 2021/22 and 2022/23 did not receive any property tax revenues in the first quarter.
Sales Taxes
Sales taxes were budgeted to remain relatively the same as compared to the FY 2021/22 Amended Budget. Sales tax receipt trends will need to be continually monitored through the year for possible future budget adjustments.
Based on historical averages of actual receipts, the City is estimated to receive 11% of the budgeted sales tax revenue through First Quarter. The City has currently received 11% through First Quarter.
Note: For FY 2017/18, the reversal of revenues accrued to the prior fiscal year in accordance with the Government Accounting Standards Board (GASB) did not occur until the second quarter.
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Attachment: FY22-23 First Quarter Financial Summary Report (5941 : FISCAL YEAR 2022/23 FIRST QUARTER BUDGET REVIEW & APPROVAL First Quarter Financial Summary FY 2022/23 6
Utility Users Tax Utility
Utility Users Tax were budgeted to remain the same as compa red to FY 2021/22 Amended Budget. This projection is primarily due to competitive forces within the communications markets.
Both the wireless and wired markets experienced downturns year over year. Based on our discussions with utility tax experts, there are a couple of causes for this trend. First is competition and bundling practices within the market as more small players continue to join the market.
Second is the migration of customers from contract plans to prepaid plans.
Based on h istorical averages of actual receipts, the City is estimated to receive 20% of the budgeted utility users tax revenue through First Quarter. The City has currently received 20% through First Quarter.
Other Taxes
Other taxes are primarily composed of Business Gross Receipts, Transient Occupancy Tax, Documentary Transfer Tax, and Franchise Fees. Collectively, other taxes were budgeted to increase 9% from the FY 2021/22 Amended Budget.
Based on historical averages of actual receipts, the City is estimated to receive 11% of the budgeted Other Taxes revenue through First Quarter . The City has currently received 22% through First Quarter.
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Attachment: FY22-23 First Quarter Financial Summary Report (5941 : FISCAL YEAR 2022/23 FIRST QUARTER BUDGET REVIEW & APPROVAL First Quarter Financial Summary FY 2022/23 7
Licenses & Permits
Licenses & Permits are primarily composed of Business Permits, to include Cannabis Business Permits, as well as Animal Licenses , Building, Electrical, Mechanical, Plumbing and other permits. Collectively, Licenses & Permits were budgeted to remain relatively the same as compared to the FY 2021/22 Amended Budget. This budget will be monitored for a possible future adjustment.
Based on historical averages of actual receipts, the City is estimated to receive 24% of the budgeted Licenses & Permits revenue through First Quarter. The City has currently received 24% through First Quarter. The collection rate is related primarily to building and business license permit activities.
Chart 5. General Fund First Quarter Revenue Trend - Licenses & Permits A.6.a
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Attachment: FY22-23 First Quarter Financial Summary Report (5941 : FISCAL YEAR 2022/23 FIRST QUARTER BUDGET REVIEW & APPROVAL First Quarter Financial Summary FY 2022/23 8
Charges for Services
Charges for Services are primarily composed of Plan Check Fees, Inspection Fees, Administrative Charges to other funds, and Parking Control Fines. Collectively, Charges for Services were conservatively budgeted to decrease by 7% as compared to the FY 2021/22 Amended Budget.
Based on historical averages of actual receipts, the City is estimated to receive 24% of the budgeted Charges for Services revenue through First Quarter. The City has currently received 31% through First Quarter.
Use of Money and Property
Investment income continues to remain low due to extremely low rates of return for fixed income investments, but has increased over the last year due to actions taken by the Federal Open Market Committee (FOMC). The investments achieved a n average Yield to Maturity (YTM) for September 2022 of 1.510%. In addition, the City maintained funds in the State Local Agency Investment Fund Pool (LAIF) with a n average YTM of 1.513%. As of September 21, 2022, t he FOMC increased the federal funds target rate by 75 basis points to 3% - 3.25%, the third straight three-quarter point increase, pushing borrowing costs to the highest since 2008.
Chart 6. General Fund First Quarter Revenue Trend - Charges for Services A.6.a
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General Fund Expenditures
Expenditures are being spent in -line with prior year exp enditures. Each Department’s activities will be monitored throughout the year as they may be impacted by different operational activities and project timelines.
Table 4. General Fund Expenditures
FY 2022/23
Adopted Budget
FY 2022/23
Amended Budget
Actuals as of
09/30/22
(unaudited)
% of Amended
Budget
Department
City Council $ 989,295 $ 1,002,676 $ 162,114 16.2% City Clerk 926,131 1,223,051 86,175 7.0% City Manager 1,635,916 1,635,916 456,485 27.9% City Attorney 486,154 486,154 177,187 36.4% Community Development 10,835,694 11,893,379 2,132,022 17.9% Economic Development 2,237,740 2,237,740 415,923 18.6% Financial & Management Services 13,755,573 15,080,042 2,629,657 17.4% Public Works 9,995,500 11,815,677 2,164,829 18.3% Non-Departmental 6,143,292 31,685,897 3,795,780 12.0% Non-Public Safety Subtotal $ 47,005,295 $ 77,060,532 $ 12,020,171 15.6% Public Safety
Police $ 53,936,492 $ 40,845,885 $ 6,764,579 16.6% Fire 23,579,625 19,605,935 4,567,909 23.3% Public Safety Subtotal $ 77,516,117 $ 60,451,820 $ 11,332,489 18.7% Total $ 124,521,412 $ 137,512,352 $ 23,352,660 A.6.a
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OTHER KEY FUNDS
The following summaries describe other major funds in the City.
Moreno Valley Community Services District
The Moreno Valley Community Services District (CSD) was formed by the voters in 1984 to collect fees and certain taxes to provide an array of services including parks, recreation and community services, streetlights, landscaping and ongoing maintenance. The CSD provides these services through separate “zones” that define the services that are provided.
For certain zones, the primary revenue source used to provide services to properties is p arcel fees or taxes levied on properties via their annual tax bill. Proposition 218, passed by California voters in November 1996, and has posed a serious challenge to managing the future operation of the CSD zones. Prop. 218 requires any revenue increase to be addressed through a voting process by affected property owners. For a period following the initial implementation of Prop. 218, the CSD was successful in receiving approval for some new or increased revenues. There were also revenue increases due to the growth of developed parcels within the zones. However, due to cost increases that exceed any offsetting increases in the revenues over the past years, and the recent economic downturn slowing new parcel growth, property owners have been resistant to efforts to fully fund service levels.
Table 5. CSD Operations
FY 2022/23
Adopted Budget
FY 2022/23
Amended Budget
Actuals as of
09/30/22
(unaudited)
% of Amended
Budget
Revenues:
Taxes:
Property Tax $ 6,066,819 $ 6,066,819 $ 5,454 0.1% Other Taxes 6,727,600 6,727,600 - 0.0% Intergovernmental - - 2,035 0.0% Charges for Services 5,918,779 5,918,779 247,455 4.2% Use of Money & Property 1,122,455 1,122,454 228,812 20.4% Fines & Forfeitures 30,000 30,000 702 2.3% Miscellaneous 25,210 25,210 18,331 72.7% Transfers In 1,753,761 8,754,354 2,027,761 23.2% Total Revenues $ 21,644,624 $ 28,645,216 $ 2,530,550 8.8% Expenditures:
Library Services Fund (5010) $ 3,070,222 $ 3,158,177 $ 781,077 24.7% Zone A Parks Fund (5011) 10,514,329 18,569,891 2,613,413 14.1% LMD 2014-01 Residential Street Lighting Fund (5012) 1,657,218 1,657,218 154,877 9.3% Zone C Arterial Street Lighting Fund (5110) 954,443 954,443 118,892 12.5% Zone D Standard Landscaping Fund (5111) 1,755,907 2,662,003 234,000 8.8% Zone E Extensive Landscaping Fund (5013) 420,745 471,745 40,348 8.6% 5014 LMD 2014-02 3,303,829 3,453,225 405,607 11.7% 5016 CFD 2021-01 Parks Fac Maint - 77,000 14,505 18.8% Zone M Median Fund (5112) 429,025 598,074 41,088 6.9% CFD No. 1 (5113) 1,751,212 1,752,041 276,107 15.8% Zone S Financial & Management Svcs (5114) 89,132 89,132 13,401 15.0% 5211 Zone A Parks - Restricted Assets - 47,000 - 0.0% Total Expenditures $ 23,946,062 $ 33,489,949 $ 4,693,315 14.0% Net Change or
Adopted Use of Fund Balance (2,301,438)$ (4,844,733)$ (2,162,765)$ A.6.a
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Community Services District Zone A – Parks & Community Services The largest Zone within the CSD is Zone A. It accounts for the administration and maintenance of the Parks & Community Services facilities and programs. Funding sources for these services come from a combination of property taxes, fees for service and smaller amounts from other City funds.
Table 6. CSD Zone A Operations
FY 2022/23
Adopted Budget
FY 2022/23
Amended Budget
Actuals as of
09/30/22
(unaudited)
% of Amended
Budget
Revenues:
Taxes:
Property Tax $ 3,294,219 $ 3,294,219 $ 2,029 0.1% Other Taxes 4,977,000 4,977,000 - 0.0% Charges for Services 1,191,129 1,191,129 242,391 20.3% Use of Money & Property 969,755 969,754 223,857 23.1% Miscellaneous 25,200 25,200 13,643 54.1% Transfers In - 6,991,362 1,747,842 25.0% Total Revenues $ 10,457,303 $ 17,448,664 $ 2,229,762 12.8% Expenditures:
35010 Parks & Comm Svcs - Admin $ 957,175 $ 1,207,175 $ 175,785 14.6% 35210 Park Maintenance - General 3,983,393 4,871,180 1,103,379 22.7% 35211 Contract Park Maintenance 472,130 472,130 74,096 15.7% 35212 Park Ranger Program 386,401 489,976 98,770 20.2% 35213 Golf Course Program 497,739 497,739 97,784 19.6% 35214 Parks Projects 89,846 89,846 20,510 22.8% 35310 Senior Program 629,202 629,202 154,875 24.6% 35311 Community Services 345,817 345,817 113,972 33.0% 35312 Community Events 269,983 294,983 123,941 42.0% 35313 Conf & Rec Cntr 476,133 476,133 117,291 24.6% 35314 Conf & Rec Cntr - Banquet 385,340 385,340 83,711 21.7% 35315 Recreation Programs 1,207,890 1,207,890 330,535 27.4% 35317 July 4th Celebration 111,990 111,990 77,878 69.5% 35318 Sports Programs 629,285 629,285 132,017 21.0% 35319 Towngate Community Center 30,200 30,200 6,613 21.9% 35320 Amphitheater 41,805.00 41,805 8,273 19.8% 80007 CIP - Parks - 6,000,000 - 0.0% 95011 Non-Dept Zone A Parks - - (106,212) 0.0% Total Expenditures $ 10,514,329 $ 18,569,891 $ 2,613,413 14.1% Net Change or
Adopted Use of Fund Balance (57,026)$ (1,121,227)$ (383,651)$ A.6.a
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Electric Utility
The Moreno Valley Utility (MVU) manages the operation, maintenance and business planning of the City’s electric utility. MVU’s basic purpose is to purchase and distribute electricity to customers in newly developed areas of the City. The City began servi ng new customers in February 2004, and now serves more than 7,719 customers. As it reaches fiscal and operational maturity, MVU will continue to be a key component of the City’s economic development strategy.
The City Council has established special tier ed rates for electric utility customers based upon factors such as the number of jobs created.
The main revenue source for this fund is derived from charges for services. The customer base includes residential, commercial and industrial customers. The gr owth in customer base will continue to provide for the ability to create rate stabilization and replacement reserve funding.
Table 7. MVU Operations
MVU’s revenues and expenses will fluctuate annually based on energy demands.
FY 2022/23
Adopted Budget
FY 2022/23
Amended Budget
Actuals as of
09/30/22
(unaudited)
% of Amended
Budget
Revenues:
Taxes:
Charges for Services $ 40,397,448 $ 40,397,448 $ 15,659,765 38.8% Use of Money & Property 333,000 333,000 84,013 25.2% Miscellaneous 152,500 152,500 25,929 17.0% Total Revenues $ 40,882,948 $ 40,882,948 $ 15,769,707 38.6% Expenditures:
45510 Electric Utility - General $ 29,259,887 $ 31,687,697 $ 8,329,768 26.3% 45511 Public Purpose Program 1,646,686 1,646,686 422,514 25.7% 45512 SCE Served Street Lights 838,525 1,016,110 123,276 12.1% 80005 CIP - Electric Utility 5,300,900 11,147,366 247,327 2.2% 96030 Non-Dept 2005 Lease Revenue Bonds 2,639,000 2,639,000 695,521 26.4% 96021 Non-Dept 2016 Tax LRB of 07 Tax 783,287 - - 0.0% 96031 Non-Dept 2013 Refunding 05 LRB 4,692 4,692 - 0.0% 96032 Non-Dept 2014 Refunding 2005 LRB 119,418 119,418 - 0.0% 96040 Non-Dept 2015 Taxable LRB 433,871 - - 0.0% 96041 Non-Dept 2021 LRB Refinance - 316,609 50 0.0% 96050 Non-Dept 2018 Streetlight Fin 359,307 359,307 - 0.0% 96051 Non-Dept 2021 Streetlight Refin. - 235,269 - 0.0% 96060 Non-Dept 2019 Taxable LRB 636,625 636,625 50 0.0% Total Expenditures $ 42,022,198 $ 49,808,779 $ 9,818,506 19.7% Net Change or
Adopted Use of Fund Balance $ (1,139,250) $ (8,925,831) $ 5,951,200 A.6.a
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SUMMARY
The City of Moreno Valley has continued to maintain a structurally balanced budget without the use of reserves. The economic climate is ever changing and for this reason, the City must remain optimistically cautious and only increase revenues when they are actually received. Staff will continue to monitor and request quarterly revenue adjustment based on this approach. These revenue adjustments will be offset by replenishing our expenditure levels accordingly.
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Attachment: FY22-23 First Quarter Financial Summary Report (5941 : FISCAL YEAR 2022/23 FIRST QUARTER BUDGET REVIEW & APPROVAL 1 Resolution No. 2022-XX
Date Adopted: November 1, 2022
RESOLUTION NO. 2022-XX
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MORENO VALLEY, CALIFORNIA, ADOPTING THE
REVISED OPERATING AND CAPITAL BUDGETS FOR
FISCAL YEAR 2022/23
WHEREAS, the City Council approved the Operating and Capital Budgets for the City for Fiscal Year 2022/23, a copy of which, as may have been amended by the City Council, is on file in the Office of the City Clerk and is available for public inspection; and
WHEREAS, the City Council approves amendments to the bu dgets throughout the fis cal year and such prior amendments are reflected within the current amended budget and further ratified as part of the adoption of the quarterly budget amendments; and
WHEREAS, the City Manager has heretofore submitted to the City C ouncil proposed amendments to the Operating and Capital Budgets for the City for Fiscal Year 2022/23, a copy of which, as may have been amended by the City Council, is on file in the Office of the City Clerk and is available for public inspection; and WHEREAS, the said proposed amendments to the Operating and Capital Budgets contain estimates of the services, activities and projects comprising the budget, and contains expenditure requirements and the resources available to the City; and WHEREAS, the said proposed amendments to th e Operating and Capital Budgets contain the estimates of uses of fund balance as required to stabilize the delivery of City services during periods of operational deficits; and WHEREAS, the City Council has made such rev isions to the proposed amended Operating and Capital Budgets as so desired; and
WHEREAS, the amended Operating and Capital Budgets, as herein approved, will enable the City Council to make adequate financial plans and will ensure that City officers can administer their respective functions in accordance with such plans.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MORENO
VALLEY, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:
1. The proposed amendments to the Operating and Capital Budgets, as Exhibit A to this Resolution and as on file in the Off ice of the City Clerk, and as may have been amended by the City Council, are hereby approved and adopted as the annual Operating and Capital Budgets of the City of Moreno Valley for Fiscal Year 2022/23.
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Attachment: City Resolution 2022-XX [Revision 1] (5941 : FISCAL YEAR 2022/23 FIRST QUARTER BUDGET REVIEW & APPROVAL OF THE 2 Resolution No. 2022-XX
Date Adopted: November 1, 2022
2. The P roposed Amendments to City Position Summary included within the staff report and contained in the City Position Summary attached as Attachment 6 and on file in the Office of the City Clerk, and as may have been amended by the City Council, is hereby adopte d as part of the Approved City Position Summary of the City of Moreno Valley for Fiscal Year 2022/23.
3. Approve the Salary Schedule included within the staff report and contained in the Salary Schedule attached as Attachment 7.
4. The amounts of pro posed expenditures, which include the uses of fund balance s pecified in the approved budget, are hereby appropriated for the various budget programs and units for said fiscal year.
5. Within fifteen (15) days after the adoption of this Resolution, the City Clerk shall certify to the adoption hereof and, as so certified, cause a copy to be posted in at least three (3) public places within the City.
BE IT FURTHER RESOLVED that this Resolution shall take effect immediately upon its adoption.
APPROVED AND ADOPTED this 1st day of November, 2022.
___________________________
Mayor of the City of Moreno Valley
ATTEST:
____________________________
City Clerk
APPROVED AS TO FORM:
____________________________
City Attorney
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Packet Pg. 102
Attachment: City Resolution 2022-XX [Revision 1] (5941 : FISCAL YEAR 2022/23 FIRST QUARTER BUDGET REVIEW & APPROVAL OF THE 3 Resolution No. 2022-XX
Date Adopted: November 1, 2022
RESOLUTION JURAT
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF MORENO VALLEY )
I, Jane Halstead, City Clerk of the City o f Moreno Valley, California, do hereby certify that Resolution No. 2022-XX was duly and regularly adopted by the City Coun cil of the City of Moreno Valley at a regular meeting ther eof held on the 1st day of November, 2022 by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
(Council Members, Mayor Pro Tem and Mayor)
___________________________________
CITY CLERK
(SEAL)
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Packet Pg. 103
Attachment: City Resolution 2022-XX [Revision 1] (5941 : FISCAL YEAR 2022/23 FIRST QUARTER BUDGET REVIEW & APPROVAL OF THE
1 Resolution No. CSD 2022-XX
Date Adopted: November 1, 2022
RESOLUTION NO. CSD 2022-XX
A RESOLUTION OF THE MORENO VALLEY COMMUNITY
SERVICES DISTRICT OF THE CITY OF MORENO
VALLEY, CALIFORNIA, ADOPTING THE REVISED
OPERATING AND CAPITAL BUDGETS FOR FISCAL
YEAR 2022/23
WHEREAS, the CSD Board approved the Operating and Capital Budgets for the City for Fiscal Year 2022/23, a copy of which, as may have been amended by the CSD Board, is on file in the Office of the City Clerk and is available for public inspection; and WHEREAS, the CSD Board approves amendments to the bu dgets throughout the fiscal year and such prior amendments are reflected within the current amended budget and further ratified as part of the adoption of the quarterly budget amendments; and
WHEREAS, the City Manager has heretofore submitted to the Presid ent and Board Members of the Moreno Valley Community Services District proposed amendments to the Operating and Capital Budgets for the District for Fiscal Year 2022/23, a copy of which, as may have been amended by the D istrict’s Board of Directors, is on file in the Office of the City Clerk and is available for public inspection; and
WHEREAS, the said proposed amendments to the Operating and Capital Budgets contain estimates of the services, activities and projects comprising the budget, and contain expenditure requirements and the resources available to the Community Services District; and
WHEREAS, the said proposed amendments to the Operating and Capital Budgets contain the estimates of uses of fund balance as required to stabilize the delivery of CSD services during periods of operational deficits; and WHEREAS, the President and Board of Directors have made such revisions to the proposed amended Operating and Capital Budgets as so desired; and WHEREAS, the amended Operating and Capital Budgets, as herein approved, will enable the Community Services District to make adequate financial plans and will ensure that District officers can administer their respective functions in accordance with such plans.
NOW, THEREFORE, THE MORENO VALLEY COMMUNITY SERVICES
DISTRICT OF THE CITY OF MORENO VALLEY, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:
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Attachment: CSD Resolution 2022-XX [Revision 1] (5941 : FISCAL YEAR 2022/23 FIRST QUARTER BUDGET REVIEW & APPROVAL OF THE 2 Resolution No. CSD 2022-XX
Date Adopted: November 1, 2022
1. The proposed amendments to the Operating and Capital Budgets, as Exhibit A to this Resolution and as on file in the Office of the City Cler k, and as may have been amended by the Community Services District’s Board of Directors, is hereby approved and adopted as the annual Operating and Capital Budgets of the Moreno Valley Community Services District for the Fiscal Year 2022/23.
2. The Proposed Amendments to City Position Summary included within the staff report and contained in the City Position Summary attached as Attachment 6 and on file in the Office of the City Clerk, and as may have been amended by the Community Services Distric t’s Board of Directors , is hereby adopted as part of the Approved City Position Summary of the City of Moreno Valley for Fiscal Year 2022/23.
3. Approve the Salary Schedule included within the staff report and contained in the Salary Schedule attached as Attachment 7.
4. The amounts of proposed expenditures, w hich include the uses of fund balance specified in the approved budget, are hereby appropriated for the various budget programs and units for said fiscal year
5. Within fifteen (15) days after the adoption of th is Resolu tion, the City Clerk shall certify to t he adoption hereof and, as so certified, cause a copy to be posted in at least three (3) public places within the City.
BE IT FURTHER RESOLVED that this Resolution shall take effect immed iately upon its adoption.
APPROVED AND ADOPTED this 1st day of November, 2022.
______________________________
Mayor of the City of Moreno Valley,
Acting in the capacity of President of the
Moreno Valley Community Services District
ATTEST:
_______________________________
City Clerk, acting in the capacity of
Secretary of the Moreno Valley
Community Services District
APPROVED AS TO FORM:
______________________________
City Attorney, acting in the capacity
of General Counsel of the Moreno
Valley Community Services District
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Packet Pg. 105
Attachment: CSD Resolution 2022-XX [Revision 1] (5941 : FISCAL YEAR 2022/23 FIRST QUARTER BUDGET REVIEW & APPROVAL OF THE 3 Resolution No. CSD 2022-XX
Date Adopted: November 1, 2022
RESOLUTION JURAT
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF MORENO VALLEY )
I, Jane Halstead , Secretary of the Moreno Valley Community Services District, Moreno Valley, California do hereby certify that Resolution No. CSD 2022-XX was duly and regularly adopted by the Board of Directors of the Moreno Valley Community Services District at a regular meeting held on the 1st day of November, 202 2 by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
(Board members, Vice-President and President)
_________________________________
SECRETARY
(SEAL)
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Packet Pg. 106
Attachment: CSD Resolution 2022-XX [Revision 1] (5941 : FISCAL YEAR 2022/23 FIRST QUARTER BUDGET REVIEW & APPROVAL OF THE
1 Resolution No. SA 2022-XX
Date Adopted: November 1, 2022
RESOLUTION NO. SA 2022-XX
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE
COMMUNITY REDEVELOPMENT AGENCY OF THE CITY
OF MORENO VALLEY, CALIFORNIA, ADOPTING THE
REVISED OPERATING AND CAPITAL BUDGETS FOR
FISCAL YEAR 2022/23
WHEREAS, the Mayor and Ci ty Council o f the City of Moreno Valley as Successor Agency to the Community Redevelopment Agency of the City of Moreno Valley approved the Operating and Capital Budgets for the City for Fiscal Year 2022/23, a copy of which, as may have been am ended by the Successor A gency to the Community Redevelopment Agency of the City of Moreno Valley , is on file in the Office of the City Clerk and is available for public inspection; and WHEREAS, the Mayor and City Council of the City of Moreno Valley as Successor Agency to the Co mmunity Redevelopment Agency of the City of Moreno Valley approves amendments to the budgets throughout the fiscal year and such prior amendments are reflected within the current amended budget and further ratified as part of the adoption of the quarterly budget amendments; and WHEREAS, the City Manager has heretofore submitted to the Mayor and City Council of the City Moreno Valley as Successor Agency to the Community Redevelopment Agency of the City of Moreno Valley proposed amendments to the Operating and Capital Budgets for the Agency for Fiscal Year 2022/23, a copy of which, as may have been amended by the Successor Agency to the Community Redevelopment Agency of the City of Moreno Valley , is on file in the Office of the City Clerk and is available for public inspection; and
WHEREAS, the said proposed amendments to the Operating and Capital Budgets contain estimates of the services, activities and projects comprising the budget, and contain expenditure requirements an d the resources available to the Successor Agency; and
WHEREAS, the said proposed amendments to the Operating and Capital Budgets contain the estimates of uses of fund balance as required to stabilize the delivery of Successor Agency to the Community Redev elopment Agency of the City of Moreno Valley services during periods of operational deficits; and WHEREAS, the Mayor and City Council h ave made such revisions to the proposed amended Operating and Capital Budgets as so desired; and WHEREAS, the amended Operating and Capital Budgets, as herei n approved, will enable the Successor Agency to the Community Redevelopment Agency of the City of Moreno Valley to make adequate financial plans and will ensure that City officers can administer their respective functions in accordance with such plans.
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Attachment: SA Resolution 2022-XX [Revision 1] (5941 : FISCAL YEAR 2022/23 FIRST QUARTER BUDGET REVIEW & APPROVAL OF THE 2 Resolution No. SA 2022-XX
Date Adopted: November 1, 2022
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MORENO
VALLEY, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:
1. The proposed amendments to the Operating and Capital Budgets, as Exhibit A to this Resolution and as on file in the Office of the City Clerk, and as may have been amended by the Successor Agency to the Community Redevelopment Agency of the City of Moreno Valley , is hereby approved and adopted as the annual Operating and Capital Budgets of the Moreno Valley Successor Agency to the Community Redevelopment A gency of the City of Moreno Valley for Fiscal Year 2022/23.
2. The Proposed Amendments to City Position Summary included within the staff report and contained in the City Position Summary attached as Attachment 6 and on file in the Office of the City Clerk, and as may have been amended by the Successor Agency to the Community Redevelopment Agency of the City of Moreno Valley , is hereby adopted as part of the Approved City Position Summary of the City of Moreno Va lley for Fiscal Year 2022/23.
3. Approve the Salary Schedule included within the staff report and contained in the Salary Schedule attached as Attachment 7.
4. The amounts of proposed expenditures, which include the uses of fund balance specified in the approved budget, are hereby appropriated for the various budget programs and units for said fiscal year.
5. Within fifteen (15) days after the adoption of this Resolution, the City Clerk shall certify to the adoption hereof and, as so certified, c ause a copy to be posted in at least three (3) public places within the City.
BE IT FURTHER RESOLVED that this Resolution shall take effect immediately upon its adoption.
APPROVED AND ADOPTED this 1st day of November, 2022.
______________________________
Mayor of the City of Moreno Valley
ATTEST:
________________________________
City Clerk
APPROVED AS TO FORM:
_______________________________
City Attorney
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Packet Pg. 108
Attachment: SA Resolution 2022-XX [Revision 1] (5941 : FISCAL YEAR 2022/23 FIRST QUARTER BUDGET REVIEW & APPROVAL OF THE 3 Resolution No. SA 2022-XX
Date Adopted: November 1, 2022
RESOLUTION JURAT
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF MORENO VALLEY )
I, Jane Halstead, City Clerk of the C ity of Mor eno Va lley, California do hereby certify that Resolution No. SA 2022 -XX was duly and regularly adopted by the City Council of the City of Moreno Valley at a regular meeting held on the 1st day of November, 2022., by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
(Council Members, Mayor Pro Tem and Mayor)
_________________________________
SECRETARY
(SEAL)
A.6.d
Packet Pg. 109
Attachment: SA Resolution 2022-XX [Revision 1] (5941 : FISCAL YEAR 2022/23 FIRST QUARTER BUDGET REVIEW & APPROVAL OF THE Exhibit A ‐ Proposed Amendments
CITY OF MORENO VALLEY
GENERAL FUND
FY 2022/23 Proposed Amendments
Department Fund Account Description General Ledger Account Project Fiscal Year 2022/23 Amended Budget
Proposed
Amendment Revised Budget Description - Proposed Adjustment City Manager 1010 Transfers in - from EQUIP
REPLACEMENT (FURN & EQUIP) 1010-99-99-91010-807510 $ - $ 22,000 $ 22,000 Media equipmen t replacement Financial & Management Services 1010 Sales Tax - General 1010-99-99-91010-402000 27,852,324 7,663,774 $ 35,516,098 Pro jected revenues REVENUE TOTAL 27,852,324$ 7,685,774 $ 35,538,098 $ City Manager 1010 Mach-Equip-Repl - Furn & Equip 1010-16-16-16110-660320 - $ 22,000$ 22,000 $ Media equipment replacement City Council 1010 Council - Ma yor Discretionary-Carryover 1010-10-01-10015-620131 8,342 (2,575) 5,767 Bud get reconciliation City Council 1010 Council - Dist 1 Discretionar y-Carryover 1010-10-01-10011-620116 3,439 (1,989) 1,450 Bud get reconciliation City Council 1010 Council - Dist 2 Discretionar y-Carryover 1010-10-01-10012-620117 3,974 (3,639) 335 Bud get reconciliation City Council 1010 Council - Dist 3 Discretionar y-Carryover 1010-10-01-10013-620118 8,407 (2,578) 5,829 Bud get reconciliation City Council 1010 Council - Dist 4 Discretionar y-Carryover 1010-10-01-10014-620119 2,733 (2,733) - Bud get reconciliation City Council 1010 Salaries-Re gular 1010-10-01-10011-611110 13,264 8,736 22,000 Aligning with salary pursuant to Ordinance 956 City Council 1010 Salaries-Re gular 1010-10-01-10012-611110 13,264 8,736 22,000 Aligning with salary pursuant to Ordinance 956 City Council 1010 Salaries-Re gular 1010-10-01-10013-611110 13,264 8,736 22,000 Aligning with salary pursuant to Ordinance 956 City Council 1010 Salaries-Re gular 1010-10-01-10014-611110 13,264 8,736 22,000 Aligning with salary pursuant to Ordinance 956 City Council 1010 Salaries-Re gular 1010-10-01-10015-611110 20,464 7,536 28,000 Aligning with salary pursuant to Ordinance 956 Financial & Management Services 1010 Salaries-Re gular 1010-30-33-25020-611110 320,172 10,445 330,617 Adjusting budget based on projected operational changes Financial & Management Services 1010 Professional Svcs - Other 1010-30-39-25410-620299 211,698 20,535 232,233 Professional services deplo yment Financial & Management Services 1010 Software Subscriptions 1010-30-39-25410-625012 1,296,440 57,640 1,354,080 Procurement services Financial & Management Services 1010 Software Maint/Support/License 1010-30-39-25412-625010 28,700 21,000 49,700 Expand cit ywide software Financial & Management Services 1010 Software Subscriptions 1010-30-39-25412-625012 - 150,000 150,000 Expand cit ywide software Fire 1010 Mach-Equip-New - Vehicles 1010-40-45-30110-660312 200,000 130,000 330,000 Additional Fire equipment Fire 1010 Oper Mtrls - Other 1010-40-47-30310-630399 28,500 29,000 57,500 Pro jected expenditures Public Works 1010 Contractual Svcs - Other 1010-70-76-45111-625099 17,500 92,000 109,500 Pro jected expenditures Public Works 1010 Oper Mtrls - Tools 1010-70-76-45111-630320 1,625 25,000 26,625 Pro jected expenditures Public Works 1010 Maint & Repair - Improvements 1010-70-76-45111-620920 10,000 40,000 50,000 Pro jected expenditures Public Works 1010 Salaries-Re gular 1010-70-77-45210-611110 775,863 366,463 1,142,326 Adjusting budget based on projected operational changes Public Works 1010 Transfers to CAPITAL PROJECTS
REIMBURSEMENT 1010-99-99-91010-903008 25,490,617 75,000 25,565,617 CIP project EXPENSES TOTAL 28,481,530$ 1,068,049 $ 29,549,579 $ 1 of 2
A.6.e
Packet Pg. 110
Attachment: Exhibit A - Proposed Amendments (5941 : FISCAL YEAR 2022/23 FIRST QUARTER BUDGET Exhibit A ‐ Proposed Amendments
CITY OF MORENO VALLEY
NON-GENERAL FUND
FY 2022/23 Proposed Amendments
Department Fund Account Description General Ledger Account Project Fiscal Year 2022/23 Amended Budget
Proposed
Amendment Revised Budget Description - Proposed Adjustment Financial & Management Services 2507 Fed Grant-Operatin g Revenue 2507-30-36-72701-485000 $ 250,000 $ (250,000) $ - Fund closeout Financial & Management Services 2512 Transfers in - from NEIGHBORHOOD STABILIZATION PRG 2512-99-99-92512-802507 - 8,000 8,000 Reallocat ion of funds Financial & Management Services 2050 Interest Income - Investments 2050-30-79-25722-460010 4,960 (4,960) - Adjustment of interest due to GASB 31 reporting Financial & Management Services 5013 Interest Income - Investments 5013-30-79-25705-460010 25,000 (25,000) - Adjustment of interest due to GASB 31 reporting Financial & Management Services 5014 Interest Income - Investments 5014-30-79-25721-460010 65,000 (65,000) - Adjustment of interest due to GASB 31 reporting Financial & Management Services 5111 Interest Income - Investments 5111-30-79-25704-460010 25,000 (25,000) - Adjustment of interest due to GASB 31 reporting Financial & Management Services 5112 Interest Income - Investments 5112-30-79-25719-460010 10,000 (10,000) - Adjustment of interest due to GASB 31 reporting Financial & Management Services 5114 Interest Income - Investments 5114-30-79-25720-460010 1,500 (1,500) - Adjustment of interest due to GASB 31 reporting Public Works 6050 Transfers in - within cat ELECTRIC FUND 6050-99-99-96050-826010 770,228 (77 0,228) - Reallocation of debt service funds Public Works 6051 Transfers in - within cat ELECTRIC FUND 6051-99-99-96051-826010 - 710,674 710,674 Reallocation of debt service funds Community Development 2300 Other Grant-Operatin g Revenue 2300-20-38-73313-489000 - 33,472 33,472 PET CO grant Financial & Management Services 2610 Fed Grant-Operatin g Revenue 2610-99-99-92610-485000 24,084,230 (24,084,230) - Second tranche of ARPA funds received June 2022 Parks & Community Services 3015 CIP Other 3015-99-99-93015-802905 807 0053-3015-99 - 65,000 65,000 Increase fundin g source on project Parks & Community Services 2905 Transfers in - from PCS CAPITAL PROJ (PARK IMPRVMTS) 2905-99-95-92905-803015 - 66,817 66,817 Project com pletion Parks & Community Services 2905 Transfers in - from PCS CAPITAL PROJ (PARK IMPRVMTS) 2905-99-95-92905-803015 - 170,030 170,030 Project compl etion Parks & Community Services 5010 State Grant-Operatin g Revenue 5010-50-56-73315-486000 PCS LIB-CLLS-98 - 32,035 32,035 California Librar y Literacy Services grant Public Works 3008 Transfers in - from GENERAL FUND 3008-99-99-93008-801010 25,490,617 75,000 25,565,617 CIP pro ject REVENUE TOTAL 50,726,535$ (24,074,890) $ 26,651,645 $ City Manager 7510 Transfers to GENERAL FUND 7510-99-97-88190-901010 - $ 22,000$ 22,000 $ Media equipment replacement Financial & Management Services 2507 NSP Pro grams 2507-30-36-72701-733201 250,000 (250,000) - Fund closeout Financial & Management Services 2507 Transfers to COMM DEV BLK GRANTS (CDBG) 2507-99-99-92507-902512 - 8,000 8,000 Reallocation of funds Financial & Management Services 4851 Expenditure Close to Bal 4851-99-99-94851-679010 763,000 (1,526,000) (763,000) Bud get correction Public Works 6010 Transfers to - within cat STREETLIGHT FINANCING 6010-99-99-96010-926050 770,228 (770,228) - Reallocation of debt service funds Public Works 6010 Transfers to- within cat 2021
STREETLIGHT REFINANCE 6010-99-99-96010-926051 - 710,674 710,674 Reallocation of debt service funds Public Works 6050 Capital Lease Principal 6050-99-99-96050-670210 410,921 (410,921) - Reallocation of debt service funds Public Works 6050 Principal P ymt- Contra Ac 6050-99-99-96050-670312 (410,921) 410,921 - Reallocation of debt service funds Public Works 6050 Interest Expense 6050-99-99-96050-670410 359,307 (359,307) - Reallocation of debt service funds Public Works 6051 Professional Svcs - Other 6051-99-99-96051-620299 - 3,000 3,000 Reallocation of debt service funds Financial & Management Services 7310 Contractual Svcs - Other 7310-30-34-18438-625099 80,000 50,000 130,000 Pro jected expenditures Parks & Community Services 2006 Salaries-Re gular 2006-30-79-25701-611110 950,770 7,717 958,487 Adjusting budget based on projected operational changes Parks & Community Services 5011 Salaries-Re gular - Other 5011-99-99-95011-611199 - 208,852 208,852 Adjusting budget based on projected operational changes Parks & Community Services 2201 Salaries-Re gular 2201-50-92-75011-611110 103,819 63,049 166,868 Adjusting budget based on projected operational changes Public Works 6010 Distribution Share 6010-70-80-45510-710122 5,390,000 750,000 6,140,000 Pro jected expenditures Public Works 2001 Oper Mtrls - Improvements 2001-70-76-45122-630332 169,058 35,000 204,058 Pro jected expenditures Public Works 2000 CIP Other 2000-70-77-80001-720199 801 0089-2000A-99 11,663,454 619,268 12,282,722 Bud geting for revenue received Parks & Community Services 5113 CIP Other 5113-50-57-80007-720199 807 0053-5113-99 262,829 (65,000) 197,829 Reduce fundin g source on project Parks & Community Services 2905 CIP Other 2905-99-95-92905-903015 807 0053-3015-99 - 65,000 65,000 Increase fundin g source on project Parks & Community Services 3015 CIP Other 3015-50-57-80007-720199 807 0053-3015-99 1,956,847 65,000 2,021,847 Increase fundin g source on project Parks & Community Services 3015 CIP Other 3015-50-57-80007-720199 807 0057-3015-99 1,956,847 (66,817) 1,890,030 Pro ject completion Parks & Community Services 3015 Transfers to DIF - PARKLAND FACILITIES 3015-99-99-93015-902905 - 66,817 66,817 Project completion Parks & Community Services 3015 CIP Other 3015-50-57-80007-720199 807 0059-3015-99 1,956,847 (170,030) 1,786,817 Pro ject completion Parks & Community Services 3015 Transfers to DIF - PARKLAND FACILITIES 3015-99-99-93015-902905 - 170,030 170,030 Project completion Public Works 6011 CIP Other 6011-70-80-80005-720199 805 0068-6011-99 11,147,366 400,000 11,547,366 New MVU CIP Pro ject - MV Substation Upgrade Public Works 6011 CIP Other 6011-70-80-80005-720199 805 0046-6011-99 11,147,366 (2,497,499) 8,649,867 Move CIP Pro ject to Unfunded - Electrical System Automation Public Works 6011 CIP Other 6011-70-80-80005-720199 805 0069-6011-99 11,147,366 2,497,499 13,644,865 New MVU CIP Pro ject - MV Substation Automation Parks & Community Services 5010 Contractual Svcs - Other 5010-50-56-73315-625099 PCS LIB-CLLS-01 - 32,035 32,035 California Librar y Literacy Services grant Public Works 3008 CIP Other 3008-70-77-80001-720199 801 0021 70 77-3008-99 51,344,504 75,000 51,419,504 CIP pro ject Public Works 3008 CIP Other 3008-70-77-80001-720199 801 0096-3008-99 51,344,504 (2,875,000) 48,469,504 CIP pro ject Public Works 3008 CIP Other 3008-70-77-80001-720199 801 0093-3008-99 51,344,504 1,375,000 52,719,504 CIP pro ject Public Works 3008 CIP Other 3008-70-77-80001-720199 801 0097-3008-99 51,344,504 (3,200,000) 48,144,504 CIP pro ject Public Works 3008 CIP Other 3008-70-77-80001-720199 801 0089-3008-99 51,344,504 4,700,000 56,044,504 CIP pro ject EXPENSES TOTAL 316,797,624$ 144,060 $ 316,941,684$ 2 of 2
A.6.e
Packet Pg. 111
Attachment: Exhibit A - Proposed Amendments (5941 : FISCAL YEAR 2022/23 FIRST QUARTER BUDGET Position Title
FY
2020/21
No.
FY
2021/22
Adj.
FY
2021/22
No.
FY
2022/23
Adj.
FY
2022/23
No.
Accountant I 1 - 1 - 1 Accountant II 1 - 1 - 1 Accounting Asst 3 - 3 - 3 Accounting Technician 1 - 1 - 1 Accounts Payable Supervisor 1 - 1 - 1 Administrative Asst 7 - 7 - 7 Animal Care Technician 5 - 5 - 5 Animal Care Technician Supervisor 1 - 1 - 1 Animal Control Officer 7 - 7 - 7 Animal Rescue Coordinator 1 - 1 - 1 Animal Services Assistant 4 - 4 - 4 Animal Services Dispatcher 1 - 1 - 1 Animal Services Division Manager 1 - 1 - 1 Animal Services Field Supervisor 1 - 1 - 1 Animal Services License Inspector 1 - 1 - 1 Animal Svcs Office Supervisor 1 - 1 - 1 Applications & DB Admin 1 - 1 - 1 Applications Analyst 1 - 1 - 1 Assistant Engineer - 2 2 - 2 Assistant to the City Manager - 1 1 - 1 Associate Engineer I 2 - 2 - 2 Associate Engineer 2 (2) - - - Associate Engineer I / II - 2 2 1 3 Associate Planner 4 - 4 - 4 Asst Crossing Guard Spvr 1 - 1 - 1 Asst Network Administrator 1 - 1 - 1 Assistant City Manager (Development Services) 1 - 1 - 1 Assistant City Manager (Administration)/Chief Financial Officer 1 - 1 - 1 Audio Visual Technician - 2 2 - 2 Banquet Facility Rep 1 - 1 - 1 Building Safety Supervisor 1 - 1 - 1 Building Division Manager / Official - 1 1 - 1 Building Inspector I I 4 - 4 - 4 Business License Liaison 1 - 1 - 1 Cable TV Producer 2 (2) - - - Child Care Asst 4 - 4 - 4 Child Care Instructor I I 4 - 4 - 4 Child Care Program Manager 1 - 1 - 1 Child Care Site Supervisor 4 - 4 - 4 City Clerk 1 - 1 - 1 City Manager 1 - 1 - 1 Code & Neigh Svcs Division Manager 1 (1) - - - Code Compliance Officer I 2 (2) - - - Code Compliance Officer I I 2 (2) - - - Community Dev Director 1 - 1 - 1 City of Moreno Valley
FY 2021/22 - 2022/23
City Position Summary
A.6.f
Packet Pg. 112
Attachment: City Position Summary FY 22-23_1st Q (5941 : FISCAL YEAR 2022/23 FIRST QUARTER BUDGET REVIEW & APPROVAL OF THE Position Title
FY
2020/21
No.
FY
2021/22
Adj.
FY
2021/22
No.
FY
2022/23
Adj.
FY
2022/23
No.
City of Moreno Valley
FY 2021/22 - 2022/23
City Position Summary
Community Enhancement Division Manager - 1 1 - 1 Community Enhancement Officer I 1 5 6 - 6 Community Enhancement Officer II 1 2 3 - 3 Community Enhancement Supervisor - 1 1 - 1 Community Services Assistant Coordinator 4 - 4 - 4 Community Services Coordinator 4 - 4 - 4 Community Svcs Superintendent 1 - 1 - 1 Community Svcs Supervisor 4 - 4 - 4 Construction Inspector 2 - 2 - 2 Construction Inspector Supervisor 1 - 1 - 1 Crossing Guard 35 - 35 - 35 Crossing Guard Supervisor 1 - 1 - 1 Deputy City Clerk 1 - 1 - 1 Deputy City Manager 1 - 1 - 1 Deputy Finance Director 1 - 1 - 1 Economic Dev Director 1 - 1 - 1 Economic Dev Division Mgr 2 - 2 - 2 Electric Utility Chief Engineer 1 - 1 - 1 Electric Utility Division Mgr 1 - 1 - 1 Electric Utility Program Coord 1 - 1 - 1 Emerg Mgmt & Vol Svc Prog Spec 1 - 1 - 1 Emerg Mgmt & Vol Svcs Prog Mgr 1 - 1 - 1 Engineering Division Manager 1 - 1 - 1 Engineering Technician I I 1 (1) - - - Enterprise Systems Admin 1 - 1 - 1 Equipment Operator 4 2 6 - 6 Exec Asst to Mayor / City Council 1 - 1 - 1 Executive Asst I 7 (1) 6 - 6 Facilities Maint Mechanic 1 - 1 - 1 Facilities Maint Worker 3 - 3 - 3 Financial Operations Div Mgr - - - 1 1 Financial Resources Div Mgr 1 - 1 - 1 Fleet & Facilities Maintenance Supervisor 1 - 1 - 1 GIS Administrator 1 - 1 - 1 GIS/Applications Analyst 1 - 1 - 1 GIS Specialist 1 - 1 - 1 Grants Program Manager - 1 1 - 1 Human Resources Analyst 1 - 1 - 1 Human Resources Division Manager 1 - 1 - 1 Info Technology Technician 2 - 2 - 2 Landscape Svcs Inspector 2 - 2 - 2 Landscape Services Supervisor 1 - 1 (1) - Lead Facilities Maint Worker 1 - 1 - 1 Lead Maintenance Worker 4 - 4 - 4 Lead Parks Maint Worker 6 1 7 - 7 A.6.f
Packet Pg. 113
Attachment: City Position Summary FY 22-23_1st Q (5941 : FISCAL YEAR 2022/23 FIRST QUARTER BUDGET REVIEW & APPROVAL OF THE Position Title
FY
2020/21
No.
FY
2021/22
Adj.
FY
2021/22
No.
FY
2022/23
Adj.
FY
2022/23
No.
City of Moreno Valley
FY 2021/22 - 2022/23
City Position Summary
Lead Traffic Sign/Marking Tech 2 - 2 - 2 Lead Vehicle / Equip Tech 1 - 1 - 1 Maint & Operations Div Mgr 1 - 1 - 1 Maintenance Worker II 1 - 1 - 1 Maintenance Worker I/II 17 10 27 - 27 Management Aide 7 1 8 (1) 7 Management Analyst 13 (5) 8 - 8 Management Asst 7 - 7 1 8 Media & Communications Division Manager 1 - 1 - 1 Network Administrator 1 - 1 - 1 Network Systems Specialist - 1 1 - 1 Paralegal 1 - 1 - 1 Park Ranger 3 1 4 - 4 Parking Control Officer 2 - 2 - 2 Parks & Community Services Deputy Director 1 - 1 - 1 Parks & Community Services Director 1 - 1 - 1 Parks Maintenance Superintendent - 1 1 (1) - Parks & Landscape Services Division Manager - - - 1 1 Parks Maint Supervisor 2 - 2 - 2 Parks Maint Worker 12 6 18 - 18 Parks Project Manager - - - 1 1 Payroll Supervisor 1 - 1 - 1 Permit Technician 5 (1) 4 - 4 Planning Commissioner 7 - 7 - 7 Planning Div Mgr / Official 1 - 1 - 1 Principal Accountant 1 - 1 - 1 Prinicipal Engineer 2 - 2 - 2 Prinicipal Engineer / City Traf Engr 1 - 1 - 1 Principal Planner 1 - 1 - 1 Public Information/Intergovernmental Relations Officer 1 - 1 - 1 Public Safety Contract Administrator 1 - 1 - 1 Purchasing Div Mgr 1 - 1 - 1 PW Director / City Engineer 1 (1) - - - Recycling Specialist 1 - 1 - 1 Security Guard 2 - 2 - 2 Spec Districts Div Mgr 1 - 1 - 1 Special Events & Facilities Division Manager - - - 1 1 Sr Accountant 3 1 4 - 4 Sr Administrative Asst 14 (1) 13 - 13 Sr Applications Analyst 1 - 1 - 1 Sr Code Compliance Officer 1 (1) - - - Sr. Community Enhancement Officer 1 1 2 - 2 Sr Construction Inspector 2 - 2 - 2 Sr Deputy City Clerk 1 - 1 - 1 Sr Electrical Engineer 1 - 1 - 1 A.6.f
Packet Pg. 114
Attachment: City Position Summary FY 22-23_1st Q (5941 : FISCAL YEAR 2022/23 FIRST QUARTER BUDGET REVIEW & APPROVAL OF THE Position Title
FY
2020/21
No.
FY
2021/22
Adj.
FY
2021/22
No.
FY
2022/23
Adj.
FY
2022/23
No.
City of Moreno Valley
FY 2021/22 - 2022/23
City Position Summary
Sr Engineer, P.E. 4 - 4 1 5 Sr Engineering Technician 1 (1) - - - Sr Equipment Operator 1 - 1 - 1 Sr Graphics Designer 1 - 1 - 1 Sr Human Resources Analyst 1 - 1 - 1 Sr Landscape Svcs Inspector - 1 1 - 1 Sr Management Analyst 4 5 9 - 9 Sr Office Asst 4 (1) 3 - 3 Sr Parking Control Officer 1 - 1 - 1 Sr Parks Maint Technician 2 - 2 - 2 Sr Payroll Technician 1 - 1 - 1 Sr Permit Technician 2 1 3 - 3 Sr Planner 1 - 1 - 1 Sr Telecomm Technician 1 - 1 - 1 Sr Traffic Signal Technician 1 - 1 - 1 Storekeeper - 1 1 - 1 Strategic Initiatives Manager 1 - 1 - 1 Street Maintenance Supervisor 2 - 2 - 2 Telecomm Engineer / Admin 1 - 1 - 1 Telecomm Technician 1 - 1 - 1 Traffic Operations Supervisor 1 - 1 - 1 Traffic Sign / Marking Tech I 1 - 1 - 1 Traffic Sign/Marking Tech I I 2 - 2 - 2 Traffic Signal Technician 2 - 2 - 2 Treasury Operations Div Mgr 1 - 1 (1) - Vehicle / Equipment Technician 3 - 3 - 3 Total 352 29 381 3 384
A.6.f
Packet Pg. 115
Attachment: City Position Summary FY 22-23_1st Q (5941 : FISCAL YEAR 2022/23 FIRST QUARTER BUDGET REVIEW & APPROVAL OF THE
TITLE GRP
AB C DEFG H I
5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
Accountant I NE C22
Annual 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 90,728.98 92,997.22 Monthly 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,560.75 7,749.77 Hourly
31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 43.6197 44.7102 Accountant I I PAM C24
Annual 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 100,028.66 102,529.44 Monthly 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,335.72 8,544.12 Hourly
35.0107 36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 48.0907 49.2930 Accounting Assistant NE C14
Annual 44,706.27 46,941.65 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 61,408.67 62,943.92 Monthly 3,725.52 3,911.80 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,117.39 5,245.33 Hourly
21.4934 22.5681 23.6965 24.8813 26.1254 27.4317 28.8033 29.5234 30.2615 Accounting Technician NE C17
Annual 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 71,088.37 72,865.52 Monthly 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 5,924.03 6,072.13 Hourly
24.8813 26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 34.1771 35.0315 Accounts Payable Supervisor NE C22
Annual 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 90,728.98 92,997.22 Monthly 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,560.75 7,749.77 Hourly
31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 43.6197 44.7102 Administrative Assistant NE C16 Annual 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 67,703.17 69,395.66 Monthly 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,641.93 5,782.97 Hourly
23.6965 24.8813 26.1254 27.4317 28.8033 30.2435 31.7557 32.5496 33.3633 Animal Care Technician NE C11
Annual 38,618.94 40,549.81 42,577.39 44,706.27 46,941.65 49,288.72 51,753.10 53,046.86 54,373.07 Monthly 3,218.25 3,379.15 3,548.12 3,725.52 3,911.80 4,107.39 4,312.76 4,420.57 4,531.09 Hourly
18.5668 19.4951 20.4699 21.4934 22.5681 23.6965 24.8813 25.5033 26.1409 Animal Care Technician Supervisor PAM C21
Annual 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 86,408.40 88,568.69 Monthly 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,200.70 7,380.72 Hourly
30.2435 31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 41.5425 42.5811 Animal Control Officer NE C15
Annual 46,941.65 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 64,479.17 66,091.17 Monthly 3,911.80 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,373.26 5,507.60 Hourly
22.5681 23.6965 24.8813 26.1254 27.4317 28.8033 30.2435 30.9996 31.7746 Animal Rescue Coordinator NE C11 Annual 38,618.94 40,549.81 42,577.39 44,706.27 46,941.65 49,288.72 51,753.10 53,046.86 54,373.07 Monthly 3,218.25 3,379.15 3,548.12 3,725.52 3,911.80 4,107.39 4,312.76 4,420.57 4,531.09 Hourly
18.5668 19.4951 20.4699 21.4934 22.5681 23.6965 24.8813 25.5033 26.1409 Animal Services Assistant NE C10
Annual 36,780.02 38,618.94 40,549.81 42,577.39 44,706.27 46,941.65 49,288.72 50,520.91 51,783.89 Monthly 3,065.00 3,218.25 3,379.15 3,548.12 3,725.52 3,911.80 4,107.39 4,210.08 4,315.32 Hourly
17.6827 18.5668 19.4951 20.4699 21.4934 22.5681 23.6965 24.2889 24.8961 Animal Services Dispatcher NE C10
Annual 36,780.02 38,618.94 40,549.81 42,577.39 44,706.27 46,941.65 49,288.72 50,520.91 51,783.89 Monthly 3,065.00 3,218.25 3,379.15 3,548.12 3,725.52 3,911.80 4,107.39 4,210.08 4,315.32 Hourly
17.6827 18.5668 19.4951 20.4699 21.4934 22.5681 23.6965 24.2889 24.8961 Animal Services Division Manager DMG C30 Annual 97,589.02 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 130,778.54 134,048.10 137,399.39 Monthly 8,132.42 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,898.21 11,170.68 11,449.95 Hourly
46.9178 49.2637 51.7269 54.3132 57.0289 59.8803 62.8743 64.4462 66.0574
CITY OF MORENO VALLEY
SALARY SCALE - CAREER POSITIONS
EFFECTIVE 11/02/2022
GRADE Maximum
STEPS H ire Rate
A.6.g
Packet Pg. 116
Attachment: City Salary Career Schedule Effective 11.2.22 [Revision 1] (5941 : FISCAL YEAR 2022/23
CITY OF MORENO VALLEY
SALARY SCALE - CAREER POSITIONS
EFFECTIVE 11/02/2022
TITLE GRP
AB C DEFG H I
5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
Animal Services Field Supervisor PAM C22
Annual 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 90,728.98 92,997.22 Monthly 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,560.75 7,749.77 Hourly
31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 43.6197 44.7102 Animal Services License Inspector NE C11
Annual 38,618.94 40,549.81 42,577.39 44,706.27 46,941.65 49,288.72 51,753.10 53,046.86 54,373.07 Monthly 3,218.25 3,379.15 3,548.12 3,725.52 3,911.80 4,107.39 4,312.76 4,420.57 4,531.09 Hourly
18.5668 19.4951 20.4699 21.4934 22.5681 23.6965 24.8813 25.5033 26.1409 Animal Services Office Supervisor PAM C21
Annual 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 86,408.40 88,568.69 Monthly 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,200.70 7,380.72 Hourly
30.2435 31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 41.5425 42.5811 Applications & Data Base Administrator PAM C29
Annual 92,941.89 97,589.02 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 127,664.78 130,856.34 Monthly 7,745.16 8,132.42 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,638.73 10,904.70 Hourly
44.6836 46.9178 49.2637 51.7269 54.3132 57.0289 59.8803 61.3773 62.9117 Applications Analyst PAM C25
Annual 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 105,030.22 107,656.02 Monthly 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,752.52 8,971.34 Hourly
36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 49.2637 50.4953 51.7577 Assistant to the City Manager PAM C24
Annual 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 100,028.66 102,529.44 Monthly 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,335.72 8,544.12 Hourly
35.0107 36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 48.0907 49.2930 Assistant Crossing Guard Supervisor NE C05 Annual 33,360.70 35,028.66 36,780.02 38,618.94 39,584.48 40,574.14 Monthly 2,780.06 2,919.06 3,065.00 3,218.25 3,298.71 3,381.18 Hourly
16.0388 16.8407 17.6827 18.5668 19.0310 19.5068
Assistant Engineer PAM C25 Annual 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 105,030.22 107,656.02 Monthly 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,752.52 8,971.34 Hourly
36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 49.2637 50.4953 51.7577 Assistant Network Administrator PAM C26
Annual 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 107,591.95 110,281.81 113,038.85 Monthly 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,966.00 9,190.15 9,419.90 Hourly 38.5993 40.5293 42.5558 44.6836 46.9178 49.2637 51.7269 53.0201 54.3456 Assistant Planner PAM C22
Annual 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 90,728.98 92,997.22 Monthly 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,560.75 7,749.77 Hourly
31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 43.6197 44.7102 Associate Engineer I PAM C28
Annual 88,516.06 92,941.89 97,589.02 102,468.50 107,591.95 112,971.46 118,620.11 121,585.57 124,625.28 Monthly 7,376.34 7,745.16 8,132.42 8,539.04 8,966.00 9,414.29 9,885.01 10,132.13 10,385.44 Hourly
42.5558 44.6836 46.9178 49.2637 51.7269 54.3132 57.0289 58.4546 59.9160 Associate Engineer II PAM C29 Annual 92,941.89 97,589.02 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 127,664.78 130,856.34 Monthly 7,745.16 8,132.42 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,638.73 10,904.70 Hourly
44.6836 46.9178 49.2637 51.7269 54.3132 57.0289 59.8803 61.3773 62.9117 Associate Planner PAM C25
Annual 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 105,030.22 107,656.02 Monthly 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,752.52 8,971.34 Hourly
36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 49.2637 50.4953 51.7577 GRADE Maximum
STEPS H
ire Rate
A.6.g
Packet Pg. 117
Attachment: City Salary Career Schedule Effective 11.2.22 [Revision 1] (5941 : FISCAL YEAR 2022/23
CITY OF MORENO VALLEY
SALARY SCALE - CAREER POSITIONS
EFFECTIVE 11/02/2022
TITLE GRP
AB C DEFG H I
5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
Audio Visual Technician NE C18
Annual 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 74,642.88 76,509.06 Monthly 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,220.24 6,375.76 Hourly 26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 35.8860 36.7832 Banquet Facility Representative PAM C19
Annual 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 78,374.82 80,334.18 Monthly 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,531.24 6,694.52 Hourly
27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 36.7612 37.6802 38.6222 Building Safety Supervisor PAM C27
Annual 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 107,591.95 112,971.46 115,795.68 118,690.62 Monthly 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,966.00 9,414.29 9,649.64 9,890.89 Hourly
40.5293 42.5558 44.6836 46.9178 49.2637 51.7269 54.3132 55.6710 57.0628 Building Division Manager / Building Official DMG C34
Annual 127,296.21 133,661.01 140,344.05 147,361.34 154,729.33 162,465.89 170,589.12 174,853.95 179,225.28 Monthly 10,608.02 11,138.42 11,695.34 12,280.11 12,894.11 13,538.82 14,215.76 14,571.16 14,935.44 Hourly
61.2001 64.2601 67.4731 70.8468 74.3891 78.1086 82.0140 84.0644 86.1660 Building Inspector I I NE C24
Annual 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 100,028.66 102,529.44 Monthly 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,335.72 8,544.12 Hourly
35.0107 36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 48.0907 49.2930 Business License Liaison NE C16
Annual 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 67,703.17 69,395.66 Monthly 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,641.93 5,782.97 Hourly
23.6965 24.8813 26.1254 27.4317 28.8033 30.2435 31.7557 32.5496 33.3633 Cable Television Producer NE C15 Annual 46,941.65 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 64,479.17 66,091.17 Monthly 3,911.80 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,373.26 5,507.60 Hourly
22.5681 23.6965 24.8813 26.1254 27.4317 28.8033 30.2435 30.9996 31.7746 Child Care Assistant GRA CC09
Annual 33,912.32 35,607.94 37,388.42 39,257.92 41,220.82 43,281.89 44,363.90 45,472.96 Monthly 2,826.03 2,967.33 3,115.70 3,271.49 3,435.07 3,606.82 3,696.99 3,789.41 Hourly
16.3040 17.1192 17.9752 18.8740 19.8177 20.8086 21.3288 21.8620 Child Care Instructor I GRA CC09
Annual 33, 912.32 35,607.94 37,388.42 39,257.92 41,220.82 43,281.89 44,363.90 45,472.96 Monthly 2,826.03 2,967.33 3,115.70 3,271.49 3,435.07 3,606.82 3,696.99 3,789.41 Hourly
16.3040 17.1192 17.9752 18.8740 19.8177 20.8086 21.3288 21.8620 Child Care Instructor II GRA CC11
Annual 36,625.47 38,456.70 40,379.46 42,398.51 44,518.45 46,744.46 49,081.55 50,308.75 51,566.32 Monthly 3,052.12 3,204.73 3,364.96 3,533.21 3,709.87 3,895.37 4,090.13 4,192.40 4,297.19 Hourly
17.6084 18.4888 19.4132 20.3839 21.4031 22.4733 23.5969 24.1869 24.7915 Child Care Program Manager PAM C19
Annual 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 78,374.82 80,334.18 Monthly 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,531.24 6,694.52 Hourly
27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 36.7612 37.6802 38.6222 Child Care Site Supervisor GRA C15
Annual 46,941.65 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 64,479.17 66,091.17 Monthly 3,911.80 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,373.26 5,507.60 Hourly
22.5681 23.6965 24.8813 26.1254 27.4317 28.8033 30.2435 30.9996 31.7746 Code & Neighborhood Services Division Manager DMG C30
Annual 97,589.02 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 130,778.54 134,048.10 137,399.39 Monthly 8,132.42 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,898.21 11,170.68 11,449.95 Hourly
46.9178 49.2637 51.7269 54.3132 57.0289 59.8803 62.8743 64.4462 66.0574 GRADE Maximum
STEPS Hire Rate
A.6.g
Packet Pg. 118
Attachment: City Salary Career Schedule Effective 11.2.22 [Revision 1] (5941 : FISCAL YEAR 2022/23
CITY OF MORENO VALLEY
SALARY SCALE - CAREER POSITIONS
EFFECTIVE 11/02/2022
TITLE GRP
AB C DEFG H I
5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
Code Compliance Officer I NE C18
Annual 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 74,642.88 76,509.06 Monthly 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,220.24 6,375.76 Hourly
26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 35.8860 36.7832 Code Compliance Officer I I NE C20
Annual 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 82,293.74 84,351.07 Monthly 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 6,857.81 7,029.26 Hourly
28.8033 30.2435 31.7557 33.3435 35.0107 36.7612 38.5993 39.5643 40.5534 Community Enhancement Division Manager DMG C30
Annual 97,589.02 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 130,778.54 134,048.10 137,399.39 Monthly 8,132.42 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,898.21 11,170.68 11,449.95 Hourly
46.9178 49.2637 51.7269 54.3132 57.0289 59.8803 62.8743 64.4462 66.0574 Community Enhancement Supervisor PAM C23
Annual 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 95,265.46 97,647.06 Monthly 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 7,938.79 8,137.26 Hourly
33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 44.6836 45.8007 46.9457 Community Enhancement Officer I NE C18
Annual 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 74,642.88 76,509.06 Monthly 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,220.24 6,375.76 Hourly
26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 35.8860 36.7832 Community Enhancement Officer II NE C20 Annual 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 82,293.74 84,351.07 Monthly 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 6,857.81 7,029.26 Hourly
28.8033 30.2435 31.7557 33.3435 35.0107 36.7612 38.5993 39.5643 40.5534 Community Services Assistant Coordinator NE C08 Annual 33,360.70 35,028.66 36,780.02 38,618.94 40,549.81 42,577.39 44,706.27 45,823.86 46,969.52 Monthly 2,780.06 2,919.06 3,065.00 3,218.25 3,379.15 3,548.12 3,725.52 3,818.66 3,914.13 Hourly
16.0388 16.8407 17.6827 18.5668 19.4951 20.4699 21.4934 22.0307 22.5815 Community Services Coordinator NE C10 Annual 36,780.02 38,618.94 40,549.81 42,577.39 44,706.27 46,941.65 49,288.72 50,520.91 51,783.89 Monthly 3,065.00 3,218.25 3,379.15 3,548.12 3,725.52 3,911.80 4,107.39 4,210.08 4,315.32 Hourly
17.6827 18.5668 19.4951 20.4699 21.4934 22.5681 23.6965 24.2889 24.8961 Community Services Superintendent PAM C23
Annual 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 95,265.46 97,647.06 Monthly 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 7,938.79 8,137.26 Hourly
33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 44.6836 45.8007 46.9457 Community Services Supervisor PAM C19
Annual 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 78,374.82 80,334.18 Monthly 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,531.24 6,694.52 Hourly
27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 36.7612 37.6802 38.6222 Construction Inspector NE C22
Annual 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 90,728.98 92,997.22 Monthly 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,560.75 7,749.77 Hourly
31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 43.6197 44.7102 Construction Inspector Supervisor PAM C25
Annual 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 105,030.22 107,656.02 Monthly 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,752.52 8,971.34 Hourly
36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 49.2637 50.4953 51.7577 Crossing Guard Supervisor NE C07 Annual 33,360.70 35,028.66 36,780.02 38,618.94 40,549.81 42,577.39 43,641.73 44,732.69 Monthly 2,780.06 2,919.06 3,065.00 3,218.25 3,379.15 3,548.12 3,636.81 3,727.72 Hourly
16.0388 16.8407 17.6827 18.5668 19.4951 20.4699 20.9816 21.5061 GRADE Maximum
STEPS H
ire Rate
A.6.g
Packet Pg. 119
Attachment: City Salary Career Schedule Effective 11.2.22 [Revision 1] (5941 : FISCAL YEAR 2022/23
CITY OF MORENO VALLEY
SALARY SCALE - CAREER POSITIONS
EFFECTIVE 11/02/2022
TITLE GRP
AB C DEFG H I
5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
Deputy City Clerk NE C17
Annual 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 71,088.37 72,865.52 Monthly 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 5,924.03 6,072.13 Hourly
24.8813 26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 34.1771 35.0315 Deputy City Manager DMG C30
Annual 97,589.02 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 130,778.54 134,048.10 137,399.39 Monthly 8,132.42 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,898.21 11,170.68 11,449.95 Hourly
46.9178 49.2637 51.7269 54.3132 57.0289 59.8803 62.8743 64.4462 66.0574 Deputy Finance Director DMG C34
Annual 127,296.21 133,661.01 140,344.05 147,361.34 154,729.33 162,465.89 170,589.12 174,853.95 179,225.28 Monthly 10,608.02 11,138.42 11,695.34 12,280.11 12,894.11 13,538.82 14,215.76 14,571.16 14,935.44 Hourly
61.2001 64.2601 67.4731 70.8468 74.3891 78.1086 82.0140 84.0644 86.1660 Economic Development Division Manager DMG C30
Annual 97,589.02 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 130,778.54 134,048.10 137,399.39 Monthly 8,132.42 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,898.21 11,170.68 11,449.95 Hourly
46.9178 49.2637 51.7269 54.3132 57.0289 59.8803 62.8743 64.4462 66.0574 Electric Utility Chief Engineer PAM C34
Annual 127,296.21 133,661.01 140,344.05 147,361.34 154,729.33 162,465.89 170,589.12 174,853.95 179,225.28 Monthly 10,608.02 11,138.42 11,695.34 12,280.11 12,894.11 13,538.82 14,215.76 14,571.16 14,935.44 Hourly
61.2001 64.2601 67.4731 70.8468 74.3891 78.1086 82.0140 84.0644 86.1660 Electric Utility Division Manager DMG C36 Annual 147,106.96 154,462.26 162,185.30 170,294.59 178,809.28 187,749.74 197,137.20 202,065.55 207,117.25 Monthly 12,258.91 12,871.86 13,515.44 14,191.22 14,900.77 15,645.81 16,428.10 16,838.80 17,259.77 Hourly
70.7245 74.2607 77.9737 81.8724 85.9660 90.2643 94.7775 97.1469 99.5756 Electric Utility Program Coordinator PAM C24
Annual 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 100,028.66 102,529.44 Monthly 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,335.72 8,544.12 Hourly
35.0107 36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 48.0907 49.2930 Emergency Management & Volunteer Services Program Manager DMG C30 Annual 97,589.02 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 130,778.54 134,048.10 137,399.39 Monthly 8,132.42 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,898.21 11,170.68 11,449.95 Hourly
46.9178 49.2637 51.7269 54.3132 57.0289 59.8803 62.8743 64.4462 66.0574 Emergency Management & Volunteer Services Program Specialist NE C16 Annual 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 67,703.17 69,395.66 Monthly 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,641.93 5,782.97 Hourly
23.6965 24.8813 26.1254 27.4317 28.8033 30.2435 31.7557 32.5496 33.3633 Engineering Division Manager/Assistant City Engineer DMG C34 Annual 127,296.21 133,661.01 140,344.05 147,361.34 154,729.33 162,465.89 170,589.12 174,853.95 179,225.28 Monthly 10,608.02 11,138.42 11,695.34 12,280.11 12,894.11 13,538.82 14,215.76 14,571.16 14,935.44 Hourly
61.2001 64.2601 67.4731 70.8468 74.3891 78.1086 82.0140 84.0644 86.1660 Engineering Technician I I NE C21 Annual 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 86,408.40 88,568.69 Monthly 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,200.70 7,380.72 Hourly
30.2435 31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 41.5425 42.5811 Enterprise Systems Administrator PAM C31 Annual 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 130,778.54 137,317.44 140,750.48 144,269.22 Monthly 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,898.21 11,443.12 11,729.21 12,022.44 Hourly
49.2637 51.7269 54.3132 57.0289 59.8803 62.8743 66.0180 67.6685 69.3602 Equipment Operator NE C17
Annual 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 71,088.37 72,865.52 Monthly 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 5,924.03 6,072.13 Hourly
24.8813 26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 34.1771 35.0315 Maximum
STEPS H
ire RateGRADE
A.6.g
Packet Pg. 120
Attachment: City Salary Career Schedule Effective 11.2.22 [Revision 1] (5941 : FISCAL YEAR 2022/23
CITY OF MORENO VALLEY
SALARY SCALE - CAREER POSITIONS
EFFECTIVE 11/02/2022
TITLE GRP
AB C DEFG H I
5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
Executive Assistant I NE C19
Annual 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 78,374.82 80,334.18 Monthly 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,531.24 6,694.52 Hourly
27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 36.7612 37.6802 38.6222 Exec Assistant to Mayor & City Council PAM C21
Annual 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 86,408.40 88,568.69 Monthly 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,200.70 7,380.72 Hourly
30.2435 31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 41.5425 42.5811 Facilities Maintenance Mechanic NE C15
Annual 46,941.65 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 64,479.17 66,091.17 Monthly 3,911.80 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,373.26 5,507.60 Hourly
22.5681 23.6965 24.8813 26.1254 27.4317 28.8033 30.2435 30.9996 31.7746 Facilities Maintenance Worker NE C13
Annual 42,577.39 44,706.27 46,941.65 49,288.72 51,753.10 54,340.83 57,057.94 58,484.40 59,946.43 Monthly 3,548.12 3,725.52 3,911.80 4,107.39 4,312.76 4,528.40 4,754.83 4,873.70 4,995.54 Hourly
20.4699 21.4934 22.5681 23.6965 24.8813 26.1254 27.4317 28.1175 28.8204 Financial Operations Division Manager DMG C33
Annual 118,415.02 124,335.74 130,552.45 137,080.11 143,934.13 151,130.93 158,687.57 162,654.75 166,721.15 Monthly 9,867.92 10,361.31 10,879.37 11,423.34 11,994.51 12,594.24 13,223.96 13,554.56 13,893.43 Hourly
56.9303 59.7768 62.7656 65.9039 69.1991 72.6591 76.2921 78.1994 80.1544 Financial Resources Division Manager DMG C33
Annual 118,415.02 124,335.74 130,552.45 137,080.11 143,934.13 151,130.93 158,687.57 162,654.75 166,721.15 Monthly 9,867.92 10,361.31 10,879.37 11,423.34 11,994.51 12,594.24 13,223.96 13,554.56 13,893.43 Hourly
56.9303 59.7768 62.7656 65.9039 69.1991 72.6591 76.2921 78.1994 80.1544 Fleet & Facilities Maintenance Supervisor PAM C27
Annual 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 107,591.95 112,971.46 115,795.68 118,690.62 Monthly 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,966.00 9,414.29 9,649.64 9,890.89 Hourly
40.5293 42.5558 44.6836 46.9178 49.2637 51.7269 54.3132 55.6710 57.0628 Geographic Information System Administrator PAM C29 Annual 92,941.89 97,589.02 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 127,664.78 130,856.34 Monthly 7,745.16 8,132.42 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,638.73 10,904.70 Hourly
44.6836 46.9178 49.2637 51.7269 54.3132 57.0289 59.8803 61.3773 62.9117 Geographic Information System / Application Analyst PAM C25 Annual 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 105,030.22 107,656.02 Monthly 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,752.52 8,971.34 Hourly
36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 49.2637 50.4953 51.7577 Geographic Information System Specialist NE C21
Annual 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 86,408.40 88,568.69 Monthly 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,200.70 7,380.72 Hourly
30.2435 31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 41.5425 42.5811 Grant Program Manager PAM C27
Annual 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 107,591.95 112,971.46 115,795.68 118,690.62 Monthly 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,966.00 9,414.29 9,649.64 9,890.89 Hourly
40.5293 42.5558 44.6836 46.9178 49.2637 51.7269 54.3132 55.6710 57.0628 Human Resources Analyst PAM C24
Annual 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 100,028.66 102,529.44 Monthly 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,335.72 8,544.12 Hourly
35.0107 36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 48.0907 49.2930 Human Resources Division Manager DMG C34
Annual 127,296.21 133,661.01 140,344.05 147,361.34 154,729.33 162,465.89 170,589.12 174,853.95 179,225.28 Monthly 10,608.02 11,138.42 11,695.34 12,280.11 12,894.11 13,538.82 14,215.76 14,571.16 14,935.44 Hourly
61.2001 64.2601 67.4731 70.8468 74.3891 78.1086 82.0140 84.0644 86.1660 GRADE Maximum
STEPS H
ire Rate
A.6.g
Packet Pg. 121
Attachment: City Salary Career Schedule Effective 11.2.22 [Revision 1] (5941 : FISCAL YEAR 2022/23
CITY OF MORENO VALLEY
SALARY SCALE - CAREER POSITIONS
EFFECTIVE 11/02/2022
TITLE GRP
AB C DEFG H I
5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
Information Technology Technician NE C20 Annual 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 82,293.74 84,351.07 Monthly 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 6,857.81 7,029.26 Hourly
28.8033 30.2435 31.7557 33.3435 35.0107 36.7612 38.5993 39.5643 40.5534 Landscape Services Inspector NE C18
Annual 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 74,642.88 76,509.06 Monthly 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,220.24 6,375.76 Hourly
26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 35.8860 36.7832 Lead Facilities Maintenance Worker NE C18
Annual 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 74,642.88 76,509.06 Monthly 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,220.24 6,375.76 Hourly
26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 35.8860 36.7832 Lead Maintenance Worker NE C19 Annual 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 78,374.82 80,334.18 Monthly 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,531.24 6,694.52 Hourly
27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 36.7612 37.6802 38.6222 Lead Parks Maintenance Worker NE C15
Annual 46,941.65 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 64,479.17 66,091.17 Monthly 3,911.80 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,373.26 5,507.60 Hourly
22.5681 23.6965 24.8813 26.1254 27.4317 28.8033 30.2435 30.9996 31.7746 Lead Traffic Signing / Marking Technician NE C18
Annual 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 74,642.88 76,509.06 Monthly 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,220.24 6,375.76 Hourly
26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 35.8860 36.7832 Lead Vehicle / Equip Technician NE C19
Annual 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 78,374.82 80,334.18 Monthly 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,531.24 6,694.52 Hourly
27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 36.7612 37.6802 38.6222 Maintenance & Operations Division Manager DMG C31
Annual 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 130,778.54 137,317.44 140,750.48 144,269.22 Monthly 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,898.21 11,443.12 11,729.21 12,022.44 Hourly
49.2637 51.7269 54.3132 57.0289 59.8803 62.8743 66.0180 67.6685 69.3602 Maintenance Worker I NE C12
Annual 40,549.81 42,577.39 44,706.27 46,941.65 49,288.72 51,753.10 54,340.83 55,699.28 57,091.84 Monthly 3,379.15 3,548.12 3,725.52 3,911.80 4,107.39 4,312.76 4,528.40 4,641.61 4,757.65 Hourly
19.4951 20.4699 21.4934 22.5681 23.6965 24.8813 26.1254 26.7785 27.4480 Maintenance Worker I I NE C15
Annual 46,941.65 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 64,479.17 66,091.17 Monthly 3,911.80 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,373.26 5,507.60 Hourly
22.5681 23.6965 24.8813 26.1254 27.4317 28.8033 30.2435 30.9996 31.7746 Management Aide NE C18
Annual 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 74,642.88 76,509.06 Monthly 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,220.24 6,375.76 Hourly
26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 35.8860 36.7832 Management Analyst PAM C24
Annual 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 100,028.66 102,529.44 Monthly 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,335.72 8,544.12 Hourly
35.0107 36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 48.0907 49.2930 Management Assistant PAM C22 Annual 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 90,728.98 92,997.22 Monthly 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,560.75 7,749.77 Hourly
31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 43.6197 44.7102 GRADE Maximum
STEPS H
ire Rate
A.6.g
Packet Pg. 122
Attachment: City Salary Career Schedule Effective 11.2.22 [Revision 1] (5941 : FISCAL YEAR 2022/23
CITY OF MORENO VALLEY
SALARY SCALE - CAREER POSITIONS
EFFECTIVE 11/02/2022
TITLE GRP
AB C DEFG H I
5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
Media & Communications Division Manager DMG C33
Annual 118,415.02 124,335.74 130,552.45 137,080.11 143,934.13 151,130.93 158,687.57 162,654.75 166,721.15 Monthly 9,867.92 10,361.31 10,879.37 11,423.34 11,994.51 12,594.24 13,223.96 13,554.56 13,893.43 Hourly
56.9303 59.7768 62.7656 65.9039 69.1991 72.6591 76.2921 78.1994 80.1544 Network Administrator PAM C31
Annual 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 130,778.54 137,317.44 140,750.48 144,269.22 Monthly 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,898.21 11,443.12 11,729.21 12,022.44 Hourly
49.2637 51.7269 54.3132 57.0289 59.8803 62.8743 66.0180 67.6685 69.3602 Network & Systems Specialist PAM C24 Annual 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 100,028.66 102,529.44 Monthly 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,335.72 8,544.12 Hourly
35.0107 36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 48.0907 49.2930 Paralegal NE C20 Annual 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 82,293.74 84,351.07 Monthly 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 6,857.81 7,029.26 Hourly
28.8033 30.2435 31.7557 33.3435 35.0107 36.7612 38.5993 39.5643 40.5534 Park Ranger NE C16
Annual 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 67,703.17 69,395.66 Monthly 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,641.93 5,782.97 Hourly
23.6965 24.8813 26.1254 27.4317 28.8033 30.2435 31.7557 32.5496 33.3633 Parking Control Officer NE C12
Annual 40,549.81 42,577.39 44,706.27 46,941.65 49,288.72 51,753.10 54,340.83 55,699.28 57,091.84 Monthly 3,379.15 3,548.12 3,725.52 3,911.80 4,107.39 4,312.76 4,528.40 4,641.61 4,757.65 Hourly
19.4951 20.4699 21.4934 22.5681 23.6965 24.8813 26.1254 26.7785 27.4480 Parks & Community Services Deputy Director DMG C31
Annual 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 130,778.54 137,317.44 140,750.48 144,269.22 Monthly 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,898.21 11,443.12 11,729.21 12,022.44 Hourly
49.2637 51.7269 54.3132 57.0289 59.8803 62.8743 66.0180 67.6685 69.3602 Parks & Landscape Services Division Manager DMG C31
Annual 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 130,778.54 137,317.44 140,750.48 144,269.22 Monthly 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,898.21 11,443.12 11,729.21 12,022.44 Hourly
49.2637 51.7269 54.3132 57.0289 59.8803 62.8743 66.0180 67.6685 69.3602 Parks Maintenance Supervisor PAM C25 Annual 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 105,030.22 107,656.02 Monthly 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,752.52 8,971.34 Hourly
36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 49.2637 50.4953 51.7577 Parks Maintenance Worker NE C12
Annual 40,549.81 42,577.39 44,706.27 46,941.65 49,288.72 51,753.10 54,340.83 55,699.28 57,091.84 Monthly 3,379.15 3,548.12 3,725.52 3,911.80 4,107.39 4,312.76 4,528.40 4,641.61 4,757.65 Hourly
19.4951 20.4699 21.4934 22.5681 23.6965 24.8813 26.1254 26.7785 27.4480 Parks Project Manager PAM C25
Annual 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 105,030.22 107,656.02 Monthly 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,752.52 8,971.34 Hourly
36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 49.2637 50.4953 51.7577 Payroll Supervisor PAM C26
Annual 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 107,591.95 110,281.81 113,038.85 Monthly 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,966.00 9,190.15 9,419.90 Hourly
38.5993 40.5293 42.5558 44.6836 46.9178 49.2637 51.7269 53.0201 54.3456 Permit Technician NE C18
Annual 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 74,642.88 76,509.06 Monthly 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,220.24 6,375.76 Hourly
26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 35.8860 36.7832 Maximum
STEPS H
ire RateGRADE
A.6.g
Packet Pg. 123
Attachment: City Salary Career Schedule Effective 11.2.22 [Revision 1] (5941 : FISCAL YEAR 2022/23
CITY OF MORENO VALLEY
SALARY SCALE - CAREER POSITIONS
EFFECTIVE 11/02/2022
TITLE GRP
AB C DEFG H I
5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
Planning Division Manager / Official DMG C34
Annual 127,296.21 133,661.01 140,344.05 147,361.34 154,729.33 162,465.89 170,589.12 174,853.95 179,225.28 Monthly 10,608.02 11,138.42 11,695.34 12,280.11 12,894.11 13,538.82 14,215.76 14,571.16 14,935.44 Hourly
61.2001 64.2601 67.4731 70.8468 74.3891 78.1086 82.0140 84.0644 86.1660 Principal Accountant PAM C28
Annual 88,516.06 92,941.89 97,589.02 102,468.50 107,591.95 112,971.46 118,620.11 121,585.57 124,625.28 Monthly 7,376.34 7,745.16 8,132.42 8,539.04 8,966.00 9,414.29 9,885.01 10,132.13 10,385.44 Hourly
42.5558 44.6836 46.9178 49.2637 51.7269 54.3132 57.0289 58.4546 59.9160 Principal Engineer DMG C33
Annual 118,415.02 124,335.74 130,552.45 137,080.11 143,934.13 151,130.93 158,687.57 162,654.75 166,721.15 Monthly 9,867.92 10,361.31 10,879.37 11,423.34 11,994.51 12,594.24 13,223.96 13,554.56 13,893.43 Hourly
56.9303 59.7768 62.7656 65.9039 69.1991 72.6591 76.2921 78.1994 80.1544 Principal Engineer / City Traffic Engineer DMG C33
Annual 118,415.02 124,335.74 130,552.45 137,080.11 143,934.13 151,130.93 158,687.57 162,654.75 166,721.15 Monthly 9,867.92 10,361.31 10,879.37 11,423.34 11,994.51 12,594.24 13,223.96 13,554.56 13,893.43 Hourly
56.9303 59.7768 62.7656 65.9039 69.1991 72.6591 76.2921 78.1994 80.1544 Principal Planner PAM C33 Annual 118,415.02 124,335.74 130,552.45 137,080.11 143,934.13 151,130.93 158,687.57 162,654.75 166,721.15 Monthly 9,867.92 10,361.31 10,879.37 11,423.34 11,994.51 12,594.24 13,223.96 13,554.56 13,893.43 Hourly
56.9303 59.7768 62.7656 65.9039 69.1991 72.6591 76.2921 78.1994 80.1544 Public Information & Intergovernmental Relations Officer PAM C28 Annual 88,516.06 92,941.89 97,589.02 102,468.50 107,591.95 112,971.46 118,620.11 121,585.57 124,625.28 Monthly 7,376.34 7,745.16 8,132.42 8,539.04 8,966.00 9,414.29 9,885.01 10,132.13 10,385.44 Hourly
42.5558 44.6836 46.9178 49.2637 51.7269 54.3132 57.0289 58.4546 59.9160 Public Safety Contracts Administrator DMG C30
Annual 97,589.02 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 130,778.54 134,048.10 137,399.39 Monthly 8,132.42 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,898.21 11,170.68 11,449.95 Hourly
46.9178 49.2637 51.7269 54.3132 57.0289 59.8803 62.8743 64.4462 66.0574 Purchasing Division Manager DMG C32
Annual 110,153.68 115,661.31 121,444.34 127,516.48 133,892.30 140,586.99 147,616.35 151,306.69 155,089.38 Monthly 9,179.47 9,638.44 10,120.36 10,626.37 11,157.69 11,715.58 12,301.36 12,608.89 12,924.12 Hourly
52.9585 55.6064 58.3867 61.3060 64.3713 67.5899 70.9694 72.7436 74.5622 Recycling Specialist NE C16
Annual 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 67,703.17 69,395.66 Monthly 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,641.93 5,782.97 Hourly
23.6965 24.8813 26.1254 27.4317 28.8033 30.2435 31.7557 32.5496 33.3633 Security Guard NE C08
Annual 33,360.70 35,028.66 36,780.02 38,618.94 40,549.81 42,577.39 44,706.27 45,823.86 46,969.52 Monthly 2,780.06 2,919.06 3,065.00 3,218.25 3,379.15 3,548.12 3,725.52 3,818.66 3,914.13 Hourly
16.0388 16.8407 17.6827 18.5668 19.4951 20.4699 21.4934 22.0307 22.5815 Senior Accountant PAM C25 Annual 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 105,030.22 107,656.02 Monthly 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,752.52 8,971.34 Hourly
36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 49.2637 50.4953 51.7577 Senior Administrative Assistant NE C17
Annual 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 71,088.37 72,865.52 Monthly 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 5,924.03 6,072.13 Hourly
24.8813 26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 34.1771 35.0315 Senior Applications Analyst PAM C27
Annual 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 107,591.95 112,971.46 115,795.68 118,690.62 Monthly 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,966.00 9,414.29 9,649.64 9,890.89 Hourly
40.5293 42.5558 44.6836 46.9178 49.2637 51.7269 54.3132 55.6710 57.0628 GRADE Maximum
STEPS H
ire Rate
A.6.g
Packet Pg. 124
Attachment: City Salary Career Schedule Effective 11.2.22 [Revision 1] (5941 : FISCAL YEAR 2022/23
CITY OF MORENO VALLEY
SALARY SCALE - CAREER POSITIONS
EFFECTIVE 11/02/2022
TITLE GRP
AB C DEFG H I
5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
Senior Code Compliance Officer PAM C22
Annual 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 90,728.98 92,997.22 Monthly 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,560.75 7,749.77 Hourly
31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 43.6197 44.7102 Senior Community Enhancement Officer PAM C22
Annual 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 90,728.98 92,997.22 Monthly 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,560.75 7,749.77 Hourly
31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 43.6197 44.7102 Senior Construction Inspector PAM C23
Annual 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 95,265.46 97,647.06 Monthly 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 7,938.79 8,137.26 Hourly
33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 44.6836 45.8007 46.9457 Senior Deputy City Clerk NE C21
Annual 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 86,408.40 88,568.69 Monthly 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,200.70 7,380.72 Hourly
30.2435 31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 41.5425 42.5811 Senior Electrical Engineer PAM C31
Annual 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 130,778.54 137,317.44 140,750.48 144,269.22 Monthly 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,898.21 11,443.12 11,729.21 12,022.44 Hourly
49.2637 51.7269 54.3132 57.0289 59.8803 62.8743 66.0180 67.6685 69.3602 Senior Engineer, P.E. PAM C31 Annual 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 130,778.54 137,317.44 140,750.48 144,269.22 Monthly 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,898.21 11,443.12 11,729.21 12,022.44 Hourly
49.2637 51.7269 54.3132 57.0289 59.8803 62.8743 66.0180 67.6685 69.3602 Senior Engineering Technician NE C23
Annual 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 95,265.46 97,647.06 Monthly 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 7,938.79 8,137.26 Hourly
33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 44.6836 45.8007 46.9457 Senior Equipment Operator NE C18
Annual 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 74,642.88 76,509.06 Monthly 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,220.24 6,375.76 Hourly
26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 35.8860 36.7832 Senior Graphics Designer NE C19
Annual 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 78,374.82 80,334.18 Monthly 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,531.24 6,694.52 Hourly
27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 36.7612 37.6802 38.6222 Senior Human Resources Analyst PAM C27
Annual 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 107,591.95 112,971.46 115,795.68 118,690.62 Monthly 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,966.00 9,414.29 9,649.64 9,890.89 Hourly
40.5293 42.5558 44.6836 46.9178 49.2637 51.7269 54.3132 55.6710 57.0628 Senior Landscape Services Inspector PAM C20
Annual 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 82,293.74 84,351.07 Monthly 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 6,857.81 7,029.26 Hourly
28.8033 30.2435 31.7557 33.3435 35.0107 36.7612 38.5993 39.5643 40.5534 Senior Management Analyst PAM C27 Annual 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 107,591.95 112,971.46 115,795.68 118,690.62 Monthly 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,966.00 9,414.29 9,649.64 9,890.89 Hourly
40.5293 42.5558 44.6836 46.9178 49.2637 51.7269 54.3132 55.6710 57.0628 Senior Office Assistant NE C13 Annual 42,577.39 44,706.27 46,941.65 49,288.72 51,753.10 54,340.83 57,057.94 58,484.40 59,946.43 Monthly 3,548.12 3,725.52 3,911.80 4,107.39 4,312.76 4,528.40 4,754.83 4,873.70 4,995.54 Hourly
20.4699 21.4934 22.5681 23.6965 24.8813 26.1254 27.4317 28.1175 28.8204 GRADE Maximum
STEPS H
ire Rate
A.6.g
Packet Pg. 125
Attachment: City Salary Career Schedule Effective 11.2.22 [Revision 1] (5941 : FISCAL YEAR 2022/23
CITY OF MORENO VALLEY
SALARY SCALE - CAREER POSITIONS
EFFECTIVE 11/02/2022
TITLE GRP
AB C DEFG H I
5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
Senior Parking Control Officer NE C14
Annual 44,706.27 46,941.65 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 61,408.67 62,943.92 Monthly 3,725.52 3,911.80 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,117.39 5,245.33 Hourly
21.4934 22.5681 23.6965 24.8813 26.1254 27.4317 28.8033 29.5234 30.2615 Senior Parks Maintenance Technician NE C19
Annual 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 78,374.82 80,334.18 Monthly 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,531.24 6,694.52 Hourly
27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 36.7612 37.6802 38.6222 Senior Payroll Technician NE C18
Annual 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 74,642.88 76,509.06 Monthly 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,220.24 6,375.76 Hourly
26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 35.0107 35.8860 36.7832 Senior Permit Technician NE C20 Annual 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 82,293.74 84,351.07 Monthly 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 6,857.81 7,029.26 Hourly
28.8033 30.2435 31.7557 33.3435 35.0107 36.7612 38.5993 39.5643 40.5534 Senior Planner PAM C27 Annual 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 107,591.95 112,971.46 115,795.68 118,690.62 Monthly 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,966.00 9,414.29 9,649.64 9,890.89 Hourly
40.5293 42.5558 44.6836 46.9178 49.2637 51.7269 54.3132 55.6710 57.0628 Senior Telecomm Technician NE C22 Annual 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 90,728.98 92,997.22 Monthly 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,560.75 7,749.77 Hourly
31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 43.6197 44.7102 Senior Traffic Signal Technician PAM C23 Annual 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 95,265.46 97,647.06 Monthly 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 7,938.79 8,137.26 Hourly
33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 44.6836 45.8007 46.9457 Special Districts Division Manager DMG C34 Annual 127,296.21 133,661.01 140,344.05 147,361.34 154,729.33 162,465.89 170,589.12 174,853.95 179,225.28 Monthly 10,608.02 11,138.42 11,695.34 12,280.11 12,894.11 13,538.82 14,215.76 14,571.16 14,935.44 Hourly
61.2001 64.2601 67.4731 70.8468 74.3891 78.1086 82.0140 84.0644 86.1660 Special Events & Facilities Division Manager DMG C30 Annual 97,589.02 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 130,778.54 134,048.10 137,399.39 Monthly 8,132.42 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,898.21 11,170.68 11,449.95 Hourly
46.9178 49.2637 51.7269 54.3132 57.0289 59.8803 62.8743 64.4462 66.0574 Storekeeper NE C14 Annual 44,706.27 46,941.65 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 61,408.67 62,943.92 Monthly 3,725.52 3,911.80 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,117.39 5,245.33 Hourly
21.4934 22.5681 23.6965 24.8813 26.1254 27.4317 28.8033 29.5234 30.2615 Strategic Initiatives Manager DMG C34 Annual 127,296.21 133,661.01 140,344.05 147,361.34 154,729.33 162,465.89 170,589.12 174,853.95 179,225.28 Monthly 10,608.02 11,138.42 11,695.34 12,280.11 12,894.11 13,538.82 14,215.76 14,571.16 14,935.44 Hourly
61.2001 64.2601 67.4731 70.8468 74.3891 78.1086 82.0140 84.0644 86.1660 Street Maintenance Supervisor PAM C25 Annual 76,463.30 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 105,030.22 107,656.02 Monthly 6,371.94 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,752.52 8,971.34 Hourly
36.7612 38.5993 40.5293 42.5558 44.6836 46.9178 49.2637 50.4953 51.7577 Telecommunications Engineer / Administrator PAM C29
Annual 92,941.89 97,589.02 102,468.50 107,591.95 112,971.46 118,620.11 124,551.02 127,664.78 130,856.34 Monthly 7,745.16 8,132.42 8,539.04 8,966.00 9,414.29 9,885.01 10,379.25 10,638.73 10,904.70 Hourly
44.6836 46.9178 49.2637 51.7269 54.3132 57.0289 59.8803 61.3773 62.9117 GRADE Maximum
STEPS H
ire Rate
A.6.g
Packet Pg. 126
Attachment: City Salary Career Schedule Effective 11.2.22 [Revision 1] (5941 : FISCAL YEAR 2022/23
CITY OF MORENO VALLEY
SALARY SCALE - CAREER POSITIONS
EFFECTIVE 11/02/2022
TITLE GRP
AB C DEFG H I
5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
Telecommunications Technician NE C20
Annual 59,910.86 62,906.48 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 82,293.74 84,351.07 Monthly 4,992.57 5,242.21 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 6,857.81 7,029.26 Hourly
28.8033 30.2435 31.7557 33.3435 35.0107 36.7612 38.5993 39.5643 40.5534 Traffic Operations Supervisor PAM C26
Annual 80,286.54 84,300.94 88,516.06 92,941.89 97,589.02 102,468.50 107,591.95 110,281.81 113,038.85 Monthly 6,690.55 7,025.08 7,376.34 7,745.16 8,132.42 8,539.04 8,966.00 9,190.15 9,419.90 Hourly
38.5993 40.5293 42.5558 44.6836 46.9178 49.2637 51.7269 53.0201 54.3456 Traffic Signal Technician NE C22
Annual 66,051.86 69,354.48 72,822.26 76,463.30 80,286.54 84,300.94 88,516.06 90,728.98 92,997.22 Monthly 5,504.32 5,779.54 6,068.52 6,371.94 6,690.55 7,025.08 7,376.34 7,560.75 7,749.77 Hourly
31.7557 33.3435 35.0107 36.7612 38.5993 40.5293 42.5558 43.6197 44.7102 Traffic Signing & Marking Tech I NE C13
Annual 42,577.39 44,706.27 46,941.65 49,288.72 51,753.10 54,340.83 57,057.94 58,484.40 59,946.43 Monthly 3,548.12 3,725.52 3,911.80 4,107.39 4,312.76 4,528.40 4,754.83 4,873.70 4,995.54 Hourly
20.4699 21.4934 22.5681 23.6965 24.8813 26.1254 27.4317 28.1175 28.8204 Traffic Signing & Marking Tech I I NE C15
Annual 46,941.65 49,288.72 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 64,479.17 66,091.17 Monthly 3,911.80 4,107.39 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,373.26 5,507.60 Hourly
22.5681 23.6965 24.8813 26.1254 27.4317 28.8033 30.2435 30.9996 31.7746 Vehicle / Equipment Technician NE C17
Annual 51,753.10 54,340.83 57,057.94 59,910.86 62,906.48 66,051.86 69,354.48 71,088.37 72,865.52 Monthly 4,312.76 4,528.40 4,754.83 4,992.57 5,242.21 5,504.32 5,779.54 5,924.03 6,072.13 Hourly
24.8813 26.1254 27.4317 28.8033 30.2435 31.7557 33.3435 34.1771 35.0315 GRADE Maximum
STEPS H
ire Rate
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Attachment: City Salary Career Schedule Effective 11.2.22 [Revision 1] (5941 : FISCAL YEAR 2022/23 f
MORENO VALLEY
WI]IRI DRIAMS
MEMORANDUM
Financial & Management
Services Department
SOAR
To:
From:
Date:
Subject
Mike Lee, City Manager
Brian Mohan, Assistant City Manager/Chief Financial OfficerB$trr September 12,2022
Approval of Carryover Appropriations from Fiscal Yeat 2021122 Council adopted Resolution 2021-31 on May 4, 2021, giving the Chief Financial Officer and City Manager the following authority:
Certain capital projects, programs and commitments have been previously approved by the City Council for appropriation in fiscal year 2021122 and current adoption of fiscal year 2022123, the Chief Financial Officer shall be authorized to carryover such appropriation budgets for these items as approved by the City Manager.
For your consideration, the attached carryover exhibits are enclosed for your review. Your signature below will provide the approval to record all requested carryover adjustments.
Mike Lee
City Manager
Exhibit A - Carryover
ExhibitB-ClPCarryover
Enclosed
IY}.A
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Attachment: FY 22-23 Carryover Memo & Exhibits (5941 : FISCAL YEAR 2022/23 FIRST QUARTER BUDGET REVIEW & APPROVAL OF THE RESOLUTION NO. 2021-31
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MORENO VALLEY, CALIFORNIA, ADOPTING THE
BUDGET FOR FISCAL YEARS 2021122 _ 2022123
WHEREAS, the City Manager has heretofore submitted to the City Council a Proposed Budget for the City for Fiscal Years 2021122 - 2022123, a copy of which, as may have been amended by the City Council, is on file in the Office of the City Clerk and is available for public inspection; and
WHEREAS, the said Proposed Budget contains estimates of the services, activities and projects comprising the budget, and contains expenditure requirements and the resources available to the City; anA
WHEREAS, the said Proposed Budget contains the estimates of uses of fund balance as required to stabilize the delivery of City services during periods of operational deficits; and
WHEREAS, the City Council has made such revisions to the Proposed Budget as so desired; and
WHEREAS, the Proposed Budget, as herein approved, will enable the City Council to make adequate financial plans and will ensure that City officers can administer their respective functions in accordance with such plans; and WHEREAS, the City Council approves appropriations at the fund level, the City Manager may transfer appropriations, between departments and within their respective funds, as long as those appropriations do not exceed their fund total unless approved by Council; and
WHEREAS, it is the intent to ensure that maximum efficiency and savings are realized in the procurement of the annual technology maintenance agreements, the City Manager is authorized to approve such agreements as long as budget was previously appropriated by the City Council and approved by the City Attorney; and WHEREAS, it is the intent to ensure that maximum efficiency and savings are realized in the procurement of the annual legal services agreements, the City Manager is authorized to approve such agreements as long as budget was previously appropriated by the City Council and approved by the City Attorney; and WHEREAS, it is the intent to ensure that maximum efficiency and savings are realized in the procurement of the Moreno Valley Utility purchase power agreements less than five years, the City Manager is authorized to approve such agreements as long as budget was previously appropriated by the City Council and approved by the City Attorney; and
1 Resolution No.2021-31
Date Adopted: May 4,2421
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Attachment: FY 22-23 Carryover Memo & Exhibits (5941 : FISCAL YEAR 2022/23 FIRST QUARTER BUDGET REVIEW & APPROVAL OF THE WHEREAS, the City may not hire in excess of the approved number of positions as indicated by the budget detail without the approval of the City Council; and WHEREAS, the Capital lmprovement Plan (ClP) will be presented to City Council for adoption prior to June 30,2021, the Chief Financial Officer shall be authorized to consolidate the approved CIP with the approved and adopted Budget and make minor adjustments in order to finalize the adopted budget book for the purpose of completing the Government Finance fficers Association and Califomia Society of Municipal Finance Officers award program requirements and final public distribution; and WHEREAS, for certain contracts, agreements and commitments which have been previously approved by the City Council for apprupriation in previous fiscal years, the City Manager shall be authorized to extend the termination and expiration dates of any such the contracts, agreements and commitments as long as there is no change to the dollar amount of the original Council approval, and WHEREAS, certiain capital projects, programs and commitments have been previousty approved by the City Council for appropriation in fisca! year 2020121 and current adoption of fiscal year 2021122,the Chief Financial Officer shal! be authorized to carry over such appropriation budgets forthese items as approved by the City Manager.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MORENO
VALLEY, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:
1. The Proposed Budget, as Exhibit A to this Resolution and as on file in the Office of the City Clerk is hereby approved and adopted as the Budget of the city of Moreno Valtey for the Fiscal Years 2021122 - 2022123.
2. The amounts of proposed expenditures, which include the uses of fund balance specffied in the approved budget, are hereby appropriated for the various budget programs and units for said fiscal years. g. Pursuant to Section 53901 of the Califomia Government Code, by not later than August 30, 2021, the City Clerk shall file a copy of this Resolution with the Auditor/Controller of the County of Riverside.
4. Within fifteen (15) days afterthe adoption of this Resolution, the City Clerk shall certify to the adoption hereof and, as so certified, cause a copy to be posted in at least three (3) public places within the City. 2 Resolution No.2021-31
Date Adopted: MaY 4,2421
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Attachment: FY 22-23 Carryover Memo & Exhibits (5941 : FISCAL YEAR 2022/23 FIRST QUARTER BUDGET REVIEW & APPROVAL OF THE APPROVED AND ADOPTED this 4s day of May, 2021
Victoria Baca
Mayor Pro Tem
City of Moreno Valley
ATTEST
Pat Jacq
City Clerk
APPROVED AS TO FORM
Steve Qu
lnterim City rney
3 Resolution No.2021-31
Date Adopted: May 4,2021
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Attachment: FY 22-23 Carryover Memo & Exhibits (5941 : FISCAL YEAR 2022/23 FIRST QUARTER BUDGET REVIEW & APPROVAL OF THE
RESOLUTION JURAT
STATE OF CALIFORNIA
COUNTY OF RIVERSIDE ) ss.
crTY oF MORENO VALLEY )
l, Pat Jacquez-Nares, City Clerk of the City of Moreno Valley, California, do hereby certify that Resolution No. 2021-31 was duly and regularly adopted by the City Council of the City of Moreno Valley at a regular meeting thereof held on the 4h day of May,2021 by the following vote:
Council Member Cabrera, Council Member Marquez, and Mayor Pro Tem Baca
NOES: None
ABSENT: MayorGutierrez
ABSTAIN: None
CLERK
)
PAT R
SEAL)
4 Resolution No.2021-31
Date Adopted: May 4,2021
AYES:
(Council Members, Mayor Pro Tem and Mayor)
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Attachment: FY 22-23 Carryover Memo & Exhibits (5941 : FISCAL YEAR 2022/23 FIRST QUARTER BUDGET REVIEW & APPROVAL OF THE
CITY OF MORENO VALLEY
GENERAL FUND
FY 2022123 Proposed Carryove6
Oepartment Fund Account Oescription General Ledger Account FY 2022123 Amended Budget
Proposed
Carryover Revised Budget
1010 1010,60,65-40010,480',l50 $ $ 265,803 $ 265,803 Vehicle replacemenl REVENUE TOTAL I $ 265,803 $ 265,803
10'10 Mach-Equip-New - Vehicles 1010,40-45-301 10-660312 $ s 200 000 $ 200,000 MS 91 Prolect 1010 Maint& Repair- Bldo & Ground '1010,60-65-40010-620910 60 500 44,222 '104 722 Anucipated expenditures 10'10 Oper l\,,ltrls - Furn & EquiD 1 01 0-60-65-4001 0-630330 20.000 14,279 34,279 Furniiure replacement 1010 Contractual Svcs - Other 1 01 0-60-66-401 1 0-625099 31,1 10 3'1.110 Citwide camera syslem 1010 I\,,lach-Equ p'New - Vehicles 1 01 0-60-67-4021 0-660312 85,914 85,914 Veh cle replacemenl 1010 Mach-Eq u ip-Reol - Vehicles 1 01 0,60,67,4021 0,660322 '15.000 60,000 75,000 Motorcycle replacement Financial & Manaoemenl Services 1010 Professionai Svcs - Other 1 01 0-30-35-2501 1 -620299 569,632 200,000 769.632 Ongoinq projects Financial & Manaqemenl Services 1010 Professional Svcs - Other 1010-30-39-25410-620299 69,000 142 698 211,698 Diqital plan rcom Financial & Managemenl Services 1010 Sottware Subscriptions 1010 30 39 25414 625012 413,610 482 830 't,296 440 Drqital plan room Financial & Manaoemenl Services 1010 Professional Svcs - Other 1 0 1 0 - 30 - 39 - 2 5 4 1 3 - 620299 30 500 25,214 55714 Data algnment prolect Financial & Managemenl Services 1010 Training & Travel 1010-30-39-25413-620510 I 160 2,699 11,859 ESRlConference Financial & lvlanagement Services 10'10 Sof tware MainVSupporulicense 1010-30-39-25413-625010 59 800 21,O24 80,828 Laserfiche 1010 Professional Svcs - Other 1410 70-29-20410 624299 465 000 34,403 499.403 Continued professional serurces 1010 Maint & Repair - Ivlachine Equap 1 01 0-70-78-4 531 1 -620930 33,454 33,454 Approved equipment expense 1010 l\,4ach-Equio-Repl Vehicles 1 0 1 0,7 0 -7 A - 4 537 0-660322 860.000 376,949 '1,236,949 Fleet replacement Community Development 1010 Contraclual Svcs - Other 1 0't o 20-27 -202',1 1 -625099 224,OOO 345.000 565.000 Contractual services Community Oevelopment T010 Conkaclual Svcs - Other 1010-20-38-18210-625099 200,660 91,770 292 430 Veterinarian cofi traclual services Communily Development 1010 I\rach-Eouio-ReDl- Furn & Equio 1010,20,38-18210-660320 7,575 7 575 15 150 Kennelreplacement City Council 10'10 Council - Mayor Discretionary-Carryover 't 0't 0,10-01-1 0015-6201 31 2.575 5 767 a 342 Council discretonary City Council 1010 Council - Disl T Discrelionary-Carryover 1010-10-o1-10011-620116 '1,989 1 450 3 439 Councrldiscretionary City Council 1010 Council- Dist 2 Discrelionary Carryover 1010,10,01-10012-620'117 3,639 335 3974 Councrldiscretionary City Council 1010 Council - Disl 3 Oiscrelionary-Carryover 1 01 0-10-0'1-1 0013-6201 18 2,574 5 829 4,447 Council dascretionary City Clerk 1010 Council - Eleclion Services 1 01 0 1 2,05- 1 241 A-6241 2A 297,AOO 264 961 561,961 Election services City Clerk 1010 Professional Svcs - Other 1 0 1 0 - t 2-o5- 1 2A 1 A -620299 5 000 2-1,304 26,304 Red strictino Cily Clerk 1010 Conkactual Svcs - Other 1010-1 2-05,12010-625099 25 000 10,655 35,655 Corodala contraci EXPENSES TOTAL 3,738,214 t 2,509,,146 $ 6,247,664
7 af 2
Oescription - Proposed Adjustment
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Attachment: FY 22-23 Carryover Memo & Exhibits (5941 : FISCAL YEAR 2022/23 FIRST QUARTER Exhibit A - Carryover
CITY OF MORENO VALLEY
NON-GENERAL FUND
FY 2022123 Proposed Carryovers
Department Fund Account Description General Ledger Account FY 2022123 Amended Budget
Proposed
Carryover Revised Budget Description - Proposed Adjustment Fire 2503 Fed Grant-Operating Revenue 2503-40-47 -7 4 1 05-485000 $ 14,561 a 14,561 orant Fire 2014 Emergency Svc Aqncy Fines (Co) 20 1 4-40-4 5 -30 1 50-4801 20 80,000 77,942 157,942 AMR Fire 2503 Fed Grant-ODeratino Revenue 250340-47 -7 4 1 06-485000 24.471 24,471 SHSP qrant Police 2300 State GranloDeratinq Revenue 2300-60-69-7641 3-486000 140,582 140.582 Financial & Management Services 5112 Transfers in - from CFD No. 2014-01 51 1 2-99-99-951 1 2-802050 10,000 2,231 12.231 Zone [! Parks & Community Services 2202 State Grant-Operatinq Revenue 2202-50-92-7 53 1 2-486000 7.020.157 14,730 7,034,887 Parks & Community Services 2300 Fed Grant-ODeratinq Revenue 2300 -50 -92-7 2206-485000 90,222 90,222 Child Care Stipend qrant Community Develooment 2300 State Grant-Ooeratino Revenue 2300 -20 -27 -7 2203-486000 315,473 315.473 SB2 qrant Community Development 2300 State Grant-Operating Revenue 2300 -20-27 -7 2205-486000 462,974 462,974 Community Development 2300 State Grant-Operatinq Revenue 2300-20-38-7331 2-486000 52,307 52,307 Spay-neuter grant Community Development 27 15 Fed Grant-Ooeratinq Revenue 27 15-20-26-721 1 5-485000 109.747 109,747 JAG qrant REVENUE TOTAL $ 7,110,157 $ 1,305,240 $ 8,4{ 5,397
Fire 2503 Sottware MainUSuooorULicense 2503-40-47 -7 4 1 05-6250 1 0 $ $ 14,56 1 $ 14,561 EMPG orant Fire 2503 Salaries-Reqular 2503-40-47 -7 41 06-61 1 1 1 0 24,471 24,471 SHSP qrant Polrce 2300 Aqencv Svcs - Cntv 2300-60-69-764 1 3-620320 140.582 140,582 Tobacco qrant Financial & Manaqement Services 2006 Professional Svcs - Leqal Svcs 2006-30-7 I -257 0 1 -620230 10,000 40.000 50,000 District formation proiect Financial & Management Services 2006 Professional Svcs - Other 2006-30 -7 9 -257 0 1 -620299 11,500 28,000 39,500 District formation proiect Financial & Manaqement Services 2050 Transfers to ZONE "M" MEDIAN FUND 2050-99-99-92050-9051 1 2 10.000 2,231 12,231 Zone M Financial & Manaqement Services 7220 Professional Svcs - Other 7 220 -30 -39 -2 5 4 5 5 -620299 146.795 146.795 Laserfiche Public Works 2000 Traininq & Travel 2000-7 0-7 8-4531 1 -62051 0 7,900 26,088 33.988 Staff traininq Public Works 601 0 Professional Svcs - Leqal Svcs 601 0-70-80-4551 0-620230 157,325 176,752 334,O77 Conlinued orofessional services Public Works 601 0 Software MainUSu pporUlicense 601 0-70-80-4551 0-62501 0 290.428 281.901 572,329 Software licensing Public Works 601 0 Contractual Svcs - Other 601 0-70-80-4551 0-625099 365,650 30,037 395,687 Contractual services Public Works 601 0 Ooer Mtrls - lmorovements 601 0-70-80-4551 0-630332 33,600 40,414 74,014 Enco services Public Works 601 0 lnsurance - General 601 0-70-80-4551 0-6501 1 0 72,325 42,960 115,285 Substation insurance Public Works 601 0 Emerqency Outaqe Response 60 1 0-70-80-45510-7 10134 265,000 230,916 495,916 lnventory for repairs and replacements Public Works 6010 Renewable Enerqv 601 0-70-80-45510-7 101 48 1,500,000 1.301 ,652 2.801,652 Renewable enerqv Public Works 6010 Utilities - ElectricitV 601 0-70-80-455 12-621 01 0 600,000 177,585 777.585 Anticipated rate expenses Public Works 601 1 lmprovements Other than Bldg 601 1 -70-80-4551 0-66061 0 500,000 323,178 823,178 Enco services Parks & Community Services 2202 Contractual Svcs - Other 2202- 5 0 -92 -7 53 1 2-62 5099 6,845,854 14,730 6,860,584 ASES qrant Parks & Services 2300 Technical Svcs - Janitorial 2300 -50 -92-7 2206-6207 1 0 1.498 1,498 Child Care Stipend qrant Parks & Communitv Services 2300 Oper Mtrls - Janitorial 2300-50-92-7 2206-6303 1 4 1,682 1.682 Child Care StiDend orant Parks & Communitv Services 2300 Ooer Mtrls - Furn & Eouio 2300 - 50 -92 -7 2206-6 3 03 30 67,686 67.686 Child Care Stioend orant Parks & Community Servtces 2300 )per Mtrls - Other 2300 -50 -92-7 2206-630399 19,356 19,356 Child Care Stipend grant Parks & Community Services 501 1 Contractual Svcs - Other 501 1 -50-55-3501 0-625099 3.000 250,000 253,000 Parks master plan Parks & Communitv Services 501 1 Mach-Equip-New - Furn & Equip 501 1 -50-58-3531 2-66031 0 25,000 25.000 Trailer purchase Parks & Community Services 5211 Mach-EouiD-Reol - Furn & Eouio s21 1 -50-57 -3521 0-660320 47,OOO 47,OOO Eouioment exoenses Community Development 2300 Professional Svcs - Other 2300 -20-27 -7 2203-620299 315.473 315,473 SB2 qrant Community Development 2300 Professional Svcs - Other 2300-20-27 -7 2205 -620299 462,974 462.974 LEAP qrant Communitv Development 2300 Professional Svcs - Veterinary Svcs 23 00 -20 -34-7 33 1 2 -620250 52,307 52.307 Soav-neuter qrant Community Development 2300 Professional Svcs - Veterinary Svcs 2300-20-38-733 1 3-620250 24,060 24.060 Petco orant Community Development 2300 Maint & Repair - Bldq & Ground 2300 -20 -38 -7 33 I 3-6209 1 0 2,918 2,918 Petco qrant Community Development 2300 Oper Suppl - Laboratory 2300 -20 -38-7 331 3-6302 1 2 5.000 5.000 Petco qrant Communilv DeveloDment 2300 Oper Mtrls - Other 2300-20-38-7331 3-630399 2,500 2.500 Petco orant Community Development 2018 Contractual Svcs - Other 201 8-99-99-9201 8-625099 401,743 401.783 Planninq contractual services Community Development 2715 Salaries-Temporary 2715-20-26-72115-61 1 31 0 109,747 109,747 JAG grant EXPENSES TOTAL $ 10,672,582 $ 4,831,837 $ 1 5.504.419
2 oI2
Tobacco orant
ASFS drant
LEAP orant
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Attachment: FY 22-23 Carryover Memo & Exhibits (5941 : FISCAL YEAR 2022/23 FIRST QUARTER Exhibit B - CIP C..ryove,
CITY OF MORENO VALLEY
General Fund
FY 2022123 Proposed Capital lmprovement Plan (ClP) Ca rs Depirtm6nt Accolnt Do3cdptlon Ganeral Lsdgar Account FY 2022123 Amended Budqet
Revised Budget Project Description
1010 CIP Other 1010-70-77-80001-720199 801 0064 $ $ 5.187 s 5,187 SR-60/ Redlands Boulevard lnierchange 1010 CIP Other 1010,70 76 80010-720199 810 0020 32 390 4,162 40 552 Local Roadwav Safetv Plan for Moreno Vallev EXPENSE TOTAL s 32,330 s 13,349 $ 45,739
CITY OF MORENO VALLEY
Non-General Fund
FY 2022123 Ptoposed Capital lmprovement Plan (ClP) Carrvovers Departmenl Account Do3cription General Ledger Account ProJoct l{umber FY 2022123 Amended Budqet
Revised Budget Poect De3cnpiion
3003 Reimbursements - Other Govls 3003-99-99-93003-48301 0 801 0010 70 77 $ s 893.905 S 893,905 Heacock St. Soulh E(ension 2301 State GranlCapital Revenue 2301-99-99 92301 486010 ao1 0021 70 77 250,000 14.082.659 14,332,659 SR-60/Moreno Beach lC Phase 2 3002 Reimbursement Aqreement 3002-99-99-93002-500600 aol 0421 70 77 1,817,749 1 817 789 SR-50/Moreno Beach lC Phase 2 Non-Department 3003 Reimbursements - Other Govts 3003,99 S9 93003-443010 ao1 0021 70 77 9,646 206 9.646,206 SR-60/ltloreno Beach lC Phase 2 2300 Fed Reirnb-Capilal 2300-99-99-92300 482020 ao1 0021 70 77 1.809 466 1,809,466 SR'60/l\Ioreno Beach lC Phase 2 3003 R€imbursements - Other Govts 3003-99-99-93003,48301 0 801 0064 3,469,817 3 489.817 SR-60/ Redlands Bou evard lnlerchanqe 2301 2301-99-99-92301 -482020 801 0073 406 345 406,345 Jsan Bautist€ de Anza Multi-Use Trail-ATP 2 2800 2800-99-99-92800-4871 00 80'1 0076 '132.O12 132,012 Heacock Sl Pedestrian and Brcycle Enhancementv Gregory Lane 23A1 State Grcnt.capital Revenue 230'1-99-99-92301 -48601 0 801 0077 250 000 T55,071 405 071 Juan Bautista de Anza Multi'Use Trail- ATP 3 Non-Department 2301 2301,99 99 92301-482020 801 0086 636 761 7 .636 761 Juan Bautisla de Anza Multi'lJse Trail- ATP 4 2800 2800,99-99-92800,4871 00 801 0095 430 000 430,000 FY 21l22 ADA Access Ramps lmprovements {58821) 2341 2301 99,99-92301-482020 804 0008 54,530 54 530 Sunnvmead ilaster Drainaoe Plan Stom Dra n L nes F and F 7 3002 Reimbursement Aqreement 3002,99-99-93002-500600 804 0008 5 825 000 5 825,000 Sunnymead luaster Drainase Plan - Storm Drain Lines F and F_7 3002 Reimbursemenl Aqreemenl 3002-99-99-93002-500600 804 0015 1.850.042 1850,442 Sunnym€ad I\,lDP Line B-16,4 3002 Reimbulsement Aoreemenl 3002-99-99-93002-500600 804 0017 2,000,000 2 000 000 Moreno MDP Line F-1E and F-'19 2341 2301 -99-99-92301-482020 808 0019 244,879 244.479 Road Safely Auditon lronwood Avenue Non-Deparhenl 2341 2301 -99-99-92301,4E2020 808 0020 112 633 112 633 Road Safely Audil on Ktchinq Street 2341 2301 99-99-92301-482020 808 0026 83,805 83 805 South Lasselle Street Safety Cor dor 2301 2301 99,99-92301-482020 808 0028 369 44,369 Upqrade Exislinq [fa.leo Crosswalks on Arienals 2512 Fed GranlODeratino Revenue 251 2-30-36,7261 2,485000 810 0019 727,204 210 880 938,084 Broadband ror Parks 2301 Stale GranlCapital Revenue 2301-99-99-92301 -48601 0 810 0020 250.000 73 522 323,522 Local Roadwav Safetv Plan tor Nloreno Valley REVENUE TOTAL 6 1,477,204 $ 51,039,691 $ 52,516,895
Dopartm€nt Account Description Geaeral Lodger accounl Project l{umber FY 2022123 Afioa.ted Budget
Revi3ed Buclgel Proiect Descriptlon
2000 CIP Other 2000,70-77 80001 720199 801 0006 70 77 $ 3,975,000 $ 608.850 $ 4 583,8s0 Annual ADA Comoliant Access Uporades 2000 CIP Olher 2000-70-77-80001-7201 99 801 0010 70 77 3.975,000 50,000 425 000 Heacock St South Exlension 3003 CIP Olher 3003 70-77-80001-720199 801 0010 70 77 893 905 893 905 Heacock St. South Enension 2000 CIP Other 2000,70,76-E0001-7201 99 801 0015 70 76 50 000 200 709 250,709 Residential Tralfic Manaoement Proqram (Speed Humps) 2AO'1 CIP Olher 2001 -70-78-80001-7201 99 401 0017 70 7a 60 000 61 0',t4 121 014 Annual Pavement Maintenance - Crack Seal 2300 CIP Other ao1 0021 70 77 1 803,176 SR-60/Nloreno Beach lC Phase 2 2301 CIP Olher 2301-70 77 AOOO1 720199 BO1 0021 70 77 13.667 614 13,667,614 sR-60/l\,,loreno Beach lC Phase 2 3002 CIP Other 3002-70-77-80001 -7201 99 2,536,'168 2 536 168 SR-60/Moreno Beach lC Phase 2 3003 CIP Other aol 0421 70 77 9 601 792 9 541,792 SR 60/Moreno Beach lC Phase 2 3008 CIP Olher 3008-70-77,60001 -7201 99 ao1 0a21 7017 25 415 6 492 25,422,109 SR-60/Moreno Beach lC Phase 2 3311 CIP Olher 33 1 1 -7 0 -7 7 -AaOO 1 -7 20 1 99 ao1 0021 7a 77 646,545 646 545 SR-60/iloreno Beach lC Phase 2 3003 CIP Olher 3003-70-77-80001-720199 801 0064 3 489,816 3.489 816 SR-60/ Redlands Boulevard nterchange 2000 CIP Olher 20ao 70 77 aaoal 724199 801 0065 3 975 000 '1'1.794 3,986 798 Easement Acquisition for Street Purposes 2301 CIP Olher 2341-7 o-77 -44001-7 24199 801 0073 37T,343 371,343 .iuan Bautista de Anz lvlulti'Use Trail- ATP 2 2800 CIP Olher 2800,70 77-80001-720199 801 0076 132.012 '132,012 Heacock St Pedestrisn afld Bicycle Enhancemenlsl Gregory Lane 2301 CIP Olher 23A 1 -7 0-7 7 -AOOO 1 -7 20 1 99 801 0077 21.976 21,976 Juan Bautista de Anza llulti'Use Trail- ATP 3 Parks & Community Seruices 30T5 CIP Other 301 5-50-57-80001-720199 601 0077 99,668 99,668 Juan Bautists de Anza Multi-Use Trail- ATP 3 2301 CIP Other ?3A1 7A 77 AOAO1 7?0199 801 0086 7.636 761 7,636,761 Juan Bautista de Anza llulti-Use Trail- ATP 4 1,803,176l- r3oG?o.??€oooi-?rorr,
-l
801 0021 70 77
t 3oo:-?o.??,8ooor-?ro1r,
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Attachment: FY 22-23 Carryover Memo & Exhibits (5941 : FISCAL YEAR 2022/23 FIRST QUARTER
CITY OF MORENO VALLEY
Non-General Fund
FY 2022123 Proposed CaDital lm nt Plan rc P} Ca rs
Oepartment Account De3cdprion General Ledger Account Project Numbor FY 2022123 Amended Budqei Carryover
RevGed Budget Project Do3crlption
3008 CIP Other 3008-70-77,80001-7201 99 801 0067 S 25,415,617 $ 470,141 $ 25,885,758 Citywide Pavemont R€habilitalion Program FY20l21 2000 CIP Other 2000-70-77-80001-720199 801 0087 3 975 000 3.454.805 7,429,445 Cit\,,vvide Paveme Renabilitation Proqram FY20/21 2000 CIP Other 2000 70 77,80001-720199 80T 0089 3 975 000 3,313 001 7 2AA.OO1 Citvwide Pavemenl Rehabili\alion Prcq.am FY21 122 2000 CIP Olher 2000-70-78-E0001-7201 99 80't 0091 100,000 100 000 200,000 Cilwide Concrete Repair Program 2000 CIP Olher 2000-70-77-80001-720199 801 0092 3 975 000 250,000 4,225,000 Perris Eoulevard/ 330 Ft N ol Bay Ave to 660 Ft N of BayAve 2512 CIP Other 25 I 2- 7 0-7 7 - AOAO 1 -7 20 1 99 801 0093 1704,715 1 704 716 Pavement Rehabililation for va.ious Streets (CDBG FY 21l22) 25'12 CIP Other 2512-7 0-77 AOOO1 -7 201 99 801 0094 36.621 36,621 Pavemenl Rehabilitation forVarious St.eets (CDBG FY 22123) 2800 CIP Other 2800-70-77,80001 -7201 99 801 0095 410 609 410,609 FY 21l22 ADA Access RamDs lmorovements {58821) 3008 CIP Other 3008-70-77-80001 -7201 99 801 0096 25.415,617 25,377 254 50.792.471 Citvwide Pavement Rehabilitation P .ost am (Fy 21 122-25126) 2000 CIP Other 2000 -7 0-7 7 -80042- 7 20 1 99 ao2 0002 70 77 10,000 36 846 46,846 B dqe lnspection Prooram 3008 CIP Other 3008-70-77-80002,7201 99 802 0003 70 77 1.578 1,678 SR-60/N3son Overcrossino Bridoe 3317 C P Other 33 1 1 -7 0-7 7 -AOaO2-7 2A1 99 aa2 0043 70 77 30,000 30,000 SR-60/Nason Overcrossino Bridoe 3301 CIP Other 3301-70-77 80002-720'1 99 802 0004 992 147 992 lndian Streeucardinal Avenue Bridge (Over LaleralA) 2000 CIP Other 2000-7 0 -7 7 - aooo2 -7 20 1 99 802 0006 TO 000 135,256 145 256 Eridoe Preventative Maintenanc€ Proqram - lmplemenlation Phase Financial & Manaqement Services 7220 CIP Olher 7220-30-39-80003-7201 99 803 0011 30 39 19 735 '19 735 Aox Sprinqs Communications Sile Parks & Communily Seruices 3016 CIP Olher 30'16-50 57 80003 720199 803 0030 30 000 340 925 370,925 Park Restroom Renovations atVarious Sites Parks & Communily Services 3016 CIP Olher 3016-50-57-80003-720199 803 0031 30 000 16.668 46 668 Townqale Communiiy Center Renovalion Parks & Communily Setuices 51'13 CIP Other 51 1 3-50-57-8000 3-7201 99 803 0031 60 000 60 000 Townqate Communily Center Renovation 3000 CIP Olher 3000,70-40 80003-7201 99 E03 0042 1,408.705 483.023 1 ,891 724 Corporate Yard Buildins/ Fleet Shop Remodel 3000 CIP Other 3000-70-29-80003,7201 99 803 0043 51.180 51 180 Corpomte Yard lvlaster Plan lmprovements 3000 CIP Other 3000,70,40-80003-7201 99 803 0050 1.408 705 E08,705 2 410 Frre Alarm Systems Repiacement Parks & Community Services 3000 CIP Other 3000-50,57,80003-7201 99 803 0051 200 000 200,000 Grand Valley Ballroom Patio Liqhtinq Parks & Communily Services 3000 CIP Other 3000-50-56-80003-7201 99 803 0052 250 000 254 000 Maln Librarv Renovation (Desion) 3000 C1P Other 3000 70 40 80003-720199 803 0053 1.408.705 1,499,495 2 908.200 Public Safetv Buildinq HVAC Replacemenl Parks & Communily Services 5011 CIP Other 501 1,50,57,8000 3-7201 99 803 0054 789 2AO 789,200 Rool Rehabilitalion (CRC & March Fi€ld Park) 3000 C P Other 3000-70-40-80003,7201 99 803 0056 1 408 705 244.AOO 1,653 505 Roof Rehabilitation (Animal She ter) 2001 CIP Other 2001-70 77 -AOOO4-7 20199 404 0007 70 77 9,943 9 943 [roreno MDP Line K-1. K'4 Stq 3 2041 CIP Other 20a1 -7 0-7 7 -SOAO4 7 241 99 804 0008 13 895 13,895 Sunnymead wlaster Drainase Plan'Storm Drain Lines F and F-7 23A1 CIP Other 23A 1 -7 0-7 7 -AOAO4 -7 2A 1 99 804 0008 41 686 4'1 686 Sunnvmead lvlasler Drainaqe Plan - Storm Drain Lines F and F-7 3002 CIP Other 3042 70 77 AOOO4-720199 E04 0008 5,674 709 5 674.709 Sunnvmead l\rasler Drainaqe Plan - Storm Drain Lines F and F_7 2001 CIP Olher 200 1 -7 0-7 7 - AAO 04 -7 20 1 99 a04 0014 80 547 80,547 Sunnvmead - Flaminq Arrow Drive Storm Drain 3002 CIP Olher 3002-70-77,80004,7201 99 804 0014 77,123 77.123 Sunnvmead ' Flaminq Arrow Drive Storm Drain 3AO2 CIP Other 3002-70-77-80004-7201 99 804 0015 1779,599 1 779 599 Sunnymead wOP Line B '164 2001 CIP Other 2AO 1 -7 0 -7 7 - AO OO 4- 7 20 1 9 9 804 0017 139 382 139 382 [io€no MOP Line F-18 and F-19 3002 CIP Other 3002-70-77-80004-7201 99 804 0017 1.473.203 1,873 203 t\,lorcno I'lDP Line F-18 and F-19 2008 CIP Other 2008-70-29-80004-7201 99 804 0018 80.000 1a7 642 267,642 Citywide Full Trash Capture Device lnslallation 6011 CIP Other 601 I -70-80-80005-7201 99 805 0044 5,285 900 215.980 5 501,EEo Alessandro Crosstown Tie 6011 CIP Other 601 T -70-E0-80005,720'1 99 805 0045 5.285.900 769 034 6 054 934 Moblle Advanced Meterino lafrastructure iAlvll) Syslem 6011 CIP Other 601 1 -70-80-80005-7201 99 805 0046 5.285,900 2,497,499 7 743 399 Electrical System Aulomation 6011 CIP Other 601 I ,70-40-40005-7201 99 805 0049 5,285,900 429 107 5 715,007 Day Street Line Extension 6011 CIP Other 601 T -7 0,80-60005,7201 99 805 0054 5,285,900 422,334 5 708,238 City HallAflnex Solar Carports 60T 1 CIP Other 601 T -70-80-80005-7201 99 805 0055 5 285.900 95,273 5 381 173 Eucalyptus Avenue Line E).tension 6011 CIP Other 601 1-70-80-80005-720199 805 0056 5,285,900 887 991 6,173 891 Moreno Beach Bridse Conduii Project 6011 CIP Other 6011 70 80 80005 720199 805 0057 245 900 109,620 5,395 520 Electrical Switch 61 Reconfiquralion 6011 CIP Other 601 1-70-80-80005-720199 805 0059 5,285 900 66.000 5.351.900 curbside Electric vehicle Charslnq Stalion 6011 CIP Other 601 1-70 80-80005-720199 805 0060 5,285 900 116 000 5,401,900 Electic Vehicle Charsins Station Corporate Yard 6011 CIP Other 60T 1,70-60,80005 720199 805 0061 5 245 900 1.167 5,247,067 Gas Switch Allernatives 6011 CIP Other 601 1-70-80-80005-720199 805 0063 5.285 900 30 457 5.316.357 iS5 Network Cvber Security 6011 C P Olher 601 1 -70-80-80005-7201 99 805 0065 5,285 900 '14'1 000 5 426,900 Moreno Valley Fire Station #6 SCE to lvlvu Culover 6011 CIP Other 601 1 ,70-80,80005-7201 99 805 0066 245 900 80 000 5 365 900 Moval Subsiation Relav Uoqrades Flnanclal & Manaqement Services 5013 CIP Olhe. 501 3-30-79-79006-7201 99 806 SO 51,000 51 000 Special Districts79006 Financlal & [ranaoemenl Services 5014 CIP Other 5014-30,79-79006-7201 99 806 SD 425,000 149.396 574 396 Special Disiricts79006 Financial & Manaqemenl Services 5111 CIP Olher 51 1 T -30-79,79006-7201 99 806 SD 500 000 906.096 1,406 096 Special Dist cts 79006 Financial & Msnaoeft ent Services 5112 CIP Olher 51 1 2-30-79-79006-7201 99 806 SD 60.000 '169,049 229 049 Special Districts 79006 Parks & Communily SeNices 3016 CIP Olher 301 6,50,57-80007-7201 99 807 0004 s0 57 125 000 334,437 459,437 Replacement Playsround Equipment Exhibfi B- CIP Carryovet
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Attachment: FY 22-23 Carryover Memo & Exhibits (5941 : FISCAL YEAR 2022/23 FIRST QUARTER Exhibit B- CIP Caryover
CITY OF MORENO VALLEY
Non-General Fund
FY 2022123 Ptoposed Capital lmDrovement Plan (ClP) Carryovers Departrnent Account D6acriplion G6ner6l L6dg6r Account FY 2022123 Amendod Budqet
Revkod Audget Project Descrlption
Parks & Communily Services 3016 CIP Other 301 6-50-57-80007-7201 99 807 0005 50 57 $ T25,000 $ 464,201 s 589.201 Annual ADA Park lmprovements Parks & Communily Services 3015 CIP Other 301 5,50-s7-80007,7201 99 807 0031 50 57 156 180 156,180 Parks & Community Servic€s 3016 CIP Other 3016-50-57-80007-7201 99 E07 0045 125.000 262 494 347 490 Cottonwood Golf Cenier lrrioation lmprovements Pa*s A Community Services 3006 CIP Other ao7 ao47 235,587 235 547 l,loreno Vallev Communily Park Soccer Field lmprovements Parks & Community SeNices 5113 CIP Other 51 1 3,50-57-80007-7201 99 807 0052 72 000 29 344 101,344 Drinkinq Fountain Replacements atVarious Parks Parks & Community SeNices 5113 CIP Other 51 1 3-50-57-80007-7201 99 807 0053 72 000 161,485 485 LED Liohtino Imorovements at Various Parks Parks A Community Services 3015 CIP Other 301 5-50-57-80007-7201 99 E07 0054 139,420 139.424 Moreno Valley Bark Park Parks & Community Services 3015 CIP Other 3015 50 57 80007 720199 807 0056 175 000 175 000 Moreno Vall€y Community Park Picnic Shelter Replacement Parks & Community Services 3015 CIP Other 301 5-50-57,60007-720 T 99 807 0057 66,817 66,817 Morrison Park Ball Field Liqhtino LEO Retrofil Parks & Community Services 3015 CIP Olher 807 0058 1 249 400 PumD Track at l\Iarch Field Park Parks & CommLrnitv Servces 3015 CIP Other 3015-50 57 80007 720199 807 0059 Sports Field Liqhtino Upqrade atVarious Park Sites 2005 2005,70,76,80006-7201 99 808 0004 70 76 20 000 31,466 51,466 Trafiic Sional Coodinatlon Proqram 2000 2000,70-76-80008-7201 99 80E 0013 70 75 196.224 Traffic Siqnal Equipment Upqrades 2001-70-76-80008 720199 808 0013 70 76 80 000 97 214 177 214 Traffic Sional Equipment Upgrades 2301 CIP Other 2301 -70-76-E0008-7201 99 808 0019 244 161 244161 Road Safety Audit on lronwood Avenue 2301 CIP Other 808 0020 111 466 111.466 Road Safety Audit on Kitchinq Street 2301 CIP Other 2301 70 76 80008 720199 South Lasselle Sireet Safety Corridor 2301 CIP Other 2301 -70-76-80008,720199 808 0028 43 466 43 466 UDorade Existino Marked Crosswalks on Arterlals 2000 CIP Other 2000-70-76-80008-7201 99 808 0033 100 000 100 000 Citwvide Traffic Siqn Relroreflectivity nventory (2022) Financial & I\,lanaqement Services 7220 CIP Other 7220 30-39-80009 720199 809 0001 30 39 ?35 661 235,661 Citwide Frber Optic Comm Exp Frnancial & ilanaoem€ft Services 7220 CIP Other 7220-30,39-6001 0-7201 99 810 0001 30 39 417,456 417 056 Citvlvide Camem Surveillance System F nancia & l,lanaqement Seru ces 2512 Computers - lvlisc Components 25'l 2-30-39-8001 0-63091 0 810 0019 210,880 2'10 880 Broadband for Parks 810 0020 254 000 73.522 Local Roadwav Safety Plan for l\,4oreno Valley EXPENSE TOTAL $ 181,964,271 $ '105,020,330 i 286,978,601 3of3
2301 | CtP Olher | 2301,70-76,80010,720199
t 3ooc.,G5?roooarolr,
301 5-50-57-80007-720199
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2oo1 | crP orher
2301 -70-76-80008-7201 99
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Attachment: FY 22-23 Carryover Memo & Exhibits (5941 : FISCAL YEAR 2022/23 FIRST QUARTER
Report to City Council
ID#5990 Page 1
TO: Mayor and City Council
Mayor and City Council Acting in its Capacity as
President and Members of the Board of Directors of the
Moreno Valley Community Services District (CSD)
FROM: Brian Mohan, Assistant City Manager
Jeremy Bubnick, Parks & Community Services Director
AGENDA DATE: November 1, 2022
TITLE: RECOMMENDED SENIOR CENTER EXPANSION
RECOMMENDED ACTION
Recommendations: That the City Council and CSD:
1. Approve the recommended Senior Center Expansion to be f unded by the Development Impact Fe e – Community/Recreation Center Fund (Up to $1.1M) and General Fund Unassigned Reserves (Up to $3.3M); and
2. Authorize the Chief Financial Officer to use General Fund Unassigned Reserves (Up to $3.3M) pursuant to the Fund Balance and Financial Reserves Policy; and
3. Authorize the City Manager/ Executive Director to execute any subsequent related agreements, extensions, or amendments, subject to the procurement policy and approval of the City Attorney.
SUMMARY
This report recommends approval of the Moreno Vall ey Senior Community Senior Center Expansion. Improving the quality of our Senior Center and its amenities is key in providing a foundation for a healthy thriving Senior Community.
DISCUSSION
The Moreno Valley Senior Community Center (Center) was built in 1993 and provides a warm, friendly place for those 50 years and older to enjoy programs, classes, events and socialize with other friendly adults.
The center is roughly 15,000 square feet and the proposed expansion would add an A.7
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