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
February 21, 2023
REGULAR MEETING – 6:00 PM
-1-
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 Disabiliti es 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 951.413.3350 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.
Ulises Cabrera, Mayor
Edward A. Delgado, Mayor Pro Tem David Marquez, Council Member
Cheylynda Barnard, Council Member Elena Baca-Santa Cruz, Council Member ..
-2-
AGENDA
CITY COUNCIL OF THE CITY OF MORENO VALLEY
February 21, 2023
CALL TO ORDER - 5:30 PM
SPECIAL PRESENTATIONS
Moreno Valley Unified School District, Science Technology Engineering Arts Mathematics Academy Recognition.
.
-3-
.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
FEBRUARY 21, 2023
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
INVOCATION
Pastor Gabriel, Moreno Valley Christian Assembly
ROLL CALL
INTRODUCTIONS
PUBLIC COMMENTS ON MATTERS NOT ON THE AGENDA
Each speaker will be allowed a total of three minutes to comment on any and all items which are not on the agenda which are within the subject matter jurisdiction of the city council.
PUBLIC COMMENTS ON MATTERS ON THE AGENDA
If you wish to speak on any items on the consent calendar, you will have a total of three minutes to comment on all items on the consent calendar.
CITY COUNCIL OPENING COMMENTS
-4-
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 L ibrary 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 withdra wn for report or discussion will be heard after public hearing items.
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 - CLOSED SESSION - FEBRUARY 7, 2023 4:30 PM
Recommendation:
1. Approve as submitted.
A.3. MINUTES - CITY COUNCIL - REGULAR MEETING - FEBRUARY 7, 2023 6:00 PM
Recommendation:
1. Approve as submitted.
A.4. COUNCIL DISCRETIONARY EXPENDITURE REPORTS FOR FISCAL YEAR 2022/2023 FROM 1. July 1, 2022, thro ugh January 31, 2023. (Report of: City Clerk)
Recommendation:
1. Receive and file the Fiscal Year 2022/2023 Council Discretionary Expenditure Report for July 1, 2022, through January 31, 2023.
A.5. ACCEPTANCE OF THE FISCAL YEAR 2022 EDWARD BYRNE MEMORIAL JUSTICE ASSISTANCE GRANT PROGRAM AWARD (Report of:
Community Development)
Recommendations:
1. Accept the Fiscal Year 2022 Bureau of Justice Assistance Edward Byrne Memorial Justice Assistance Grant Program award of $56,476 administered through the Riverside County Sheriff’s Department ; -5-
2. Authorize the City Manager, or his designee, to execute for and on behalf of the City of Moreno Valley, agreements and other related documents includi ng any amendments required by the Bureau of Justice Assistance for participation in the Edward Byrne Memorial Justice Assistance Grant Program, subject to the approval of the City Attorney ; and
3. Authorize th e Chief Financial Officer, or his designee, to make any necessary budget adjustments as recommended in the Fiscal Impact section of this report.
A.6. APPROVAL OF FIRST AMENDMENT TO AGREEMENT WITH CIVIC SOLUTIONS, INC., FOR PLANNING CONSULTAN T SERVICES ON AN AS NEEDED BASIS (AGMT NO. 2022 -72-01) (Report of: Community Development)
Recommendations:
1. Approve the First Amendment to Agreement for Planning Consultant Services on an As Needed Basis with Civic Solutions, Inc., and authorize the City Manager, or h is designee, to execute the Amendment, and any subsequent amendments, and Purchase Orders, subject to th e approval of the City Attorney, in accordance with approved terms of the agreement and within available budget as previously approved by Council;
2. Authorize an increase of $500,000.00 to the not -to-exceed amount of the Agreement with Civic Solutions, Inc. , to $550,000.00, funded by fees paid by project applicants. Authorize the Purchasing Division Manager to approve a change order to increase Purchase Or der #2023-507 to Civic Solutions, Inc.; and
3. Authorize the Chief Financial Officer, or his designee, to make the appropriate budget adjustments as set forth in the Fiscal Impact section of this report.
A.7. COLLEGE PROMISE MEMORANDUM OF UNDERSTANDING (Report of:
Economic Development)
Recommendations:
1. Approve the Memorandum of Understanding (MOU) betwe en the City of Moreno Valley (City) and the Riverside Community College District Foundation acting on behalf of Moreno Valley College (College) allowing for the allocation of $100,000 to support the College Promise Initiative for two academic years.
2. Authorize the City Manager to execute the MOU as to form and all necessary documents with the College.
-6-
A.8. MARCH JOINT POWERS AUTHORITY SUNSETTING AGREEMEN TS (Report of: Economic Development)
Recommendations: That the City Council:
1. Authorize the execution of the Fourteenth Amendment to the Joint Powers Agreement among the Member Agencies (“Fourteenth Amendment”) relating to March Joint Powers Authority (“A uthority”) in substantial conformance to the form attached herewith as Exhibit A;
2. Authorize the execution of a Tax and Revenue Sharing Agreement (“Agreement”) among the Cities of Moreno Valley, Perris, and Riverside (“Cities”) and the County of Riverside (“County”) (collectively known as “Member Agencies”) in substantial conformanc e to the form attached herewith as Exhibit B; and
3. Authorize the City Manager to execute subsequent amendments to effectuate said agreements.
A.9. AUTHORIZE THE PURCHASE OF AN ELECTRIC CARGO VAN FOR THE SOLID WASTE PROGRAM (Report of: Financial & Management Services) Recommendations:
1. Authorize the purchase of a 2022/2023 Electric Cargo Van to support the Solid Waste & Recycling program.
2. Authorized the Purch asing & Sustainabi lity Division Manager to issue a Purchase Order to a vendor that has an Electric Cargo Van for sale that meets the needed specifications for $75,000 plus sales tax, shipping, and modifications.
3. Authorize the City Manager or designee to e xecute the sales a greement and any needed amendments with the selected vendor that has an Electric Cargo Van, with required specifications, available for sale.
4. Authorize the use of the sole source procurement process since inventory and manufacturers Electric Cargo Van’s are extremely limited.
A.10. RECEIPT OF QUARTERLY INVESTMENT REPORT FOR THE QUARTER ENDED DECEMBER 31, 2022 (Report of: Financial & Management Services)
1. Receive and file the Qua rterly Investment Report for quarter ended December 31, 2022, in compliance with the City’s Investment Policy.
-7-
A.11. ADOPT RESOLUTION NO. 2023 -XX DESIGNATING AND AUTHORIZING
CERTAIN CITY OFFICIALS TO EXECUTE DOCUMENTS FOR THE
CALIFORNIA VIOLENCE INTERVENTION AND PREVENTION (CalVIP) GRANT PROGRAM (Report of: Financial & Management Services) Recommendations:
1. Adopt Resolution No. 2023-XX, a Resolution of the City Council of the City of Moreno Valley, California, designating and authorizing City Manager, City Attorney and Chief Financial Officer to execute applications and documents for the purposes of obtaining and managing California Violence intervention and Preve ntion (CalVIP) Grant Program Funds awarded through The Board of State and Community Corrections (BSCC).
A.12. FISCAL YEAR 2022/23 MID -YEAR BUDGET REVIEW AND APPROVA L OF THE MID -YEAR BUDGET AMENDMENTS (Report of: Financial & Management Services)
Recommendations: That the City Council:
1. Receive and file the Fiscal Year 2022/23 Mid-Year Budget Review.
2. Adopt Resolution No. 2023-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 Schedules effective February 22, 2023.
Recommendations: That the CSD:
1. Adopt Resolut ion No. CSD 2023 -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 (FY) 2022/23.
Recommendation: That the HA:
1. Adopt Resolution N o. HA 2023 -XX. A r esolution of the Moreno Valley Housing Authority of the City of Moreno Valley, California, adopting the revised operating and capital budget for Fiscal Year 2022/23.
A.13. PURSUANT TO LANDOWNER PETITIONS, ANNEX CERTAIN PARCELS INTO COMMUNITY FACILITIES D ISTRICT NO. 2014 -01 (MAINTENANCE SERVICES) - AMENDMENT NOS. 74 AND 75 (RESO. NOS. 2023 - __ AND 2023-__) (Report of: Financial & Management Services)
-8-
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 approvin g the amended map for said District (Amendment No. 74) (D.R. Horton Los Angeles Holding Company, Inc., located near t he northeast corner of Alessandro Blvd. and Lasselle St.)
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. 75) (Hakan Buvan, located near the northeast corner of Mo reno Beach Dr. and Cactus Ave., on Bradshaw Cir.)
A.14. LIST OF PERSONNEL CHANGES (Report of: Financial & Management Services)
Recommendation:
1. Ratify the list of personnel changes as described.
A.15. APPROVE THE AGREEMENT WITH MARKS ARCHITECTS, INC. FOR THE CITY HALL ELEVATOR MODERNIZATION PROJECT 803 0059 AND
BUDGET APPROPRIATION (Report of: Public Works)
Recommendations:
1. Approve the agreement with Marks Architects Inc., for a total not -to- exceed amount of $152,200 for the preparation of scope and fee documents in relation to the City Hall Elevator Modernization project 803 0059; and authorize the City Manager to execute the agr eement using fund 3000 Facility Construction;
2. Authorize the issuanc e of a purchase order to Marks Architects Inc. for $152,200 in accordance with approved terms of the agreement;
3. Authorize the City Manager to execute any amendments, purchase orders and/ or change orders, contingent upon approved budget and approval of the City Attorney; and
4. Approve Budget Adjustments as contained in the Fiscal Impact section of this report.
-9-
A.16. APPROVE AN INCREASE TO BMW MOTORCYCLES OF RIVERSIDE ANNUAL PURCHAS E ORDER FOR FY 2022 -23 (Report of: Police Department)
Recommendation:
1. Authorize a change order to increase Blanket Purchase Order #2023 -274 to BMW Motorcycles of Riverside from $50,000 to $ 85,000 for FY 2022 - 23 year-end expenses.
A.17. PA03-0086 (TRAC T 31592) - EXECUTE QUITCLAIM DEEDS
TRANSFERRING THE CITY'S TITLE INTEREST IN STORM DRAIN
EASEMENTS TO THE RIVERSIDE COUNTY FLOOD CONTROL AND
WATER CONSERVATION DISTRICT. DEVELOPER - KB HOME
CALIFORNIA, LLC (Report of: Public Works)
Recommendations:
1. Authorize the City Manager to execute the Quitclaim Deeds transferring all of the City’s rights, title, and in terest in and to the storm drain easements recorded on Tract 31592, recorded in Map Book 461, Pages 57 through 80 inclusive, in the Official Records o f Riverside County, California and by separate instrument DOC#2018 -0326762, to the Riverside County Flood Control and Water Conservation District (RCFC&WCD).
2. Direct the City Clerk to forward the signed Quitclaim Deeds to the Riverside County Flood Control and Water Conservation District for further processing and recordation.
A.18. PEN19-0168 (TR 32408) – ACCEPT DEVELOPMENT IMPACT FEE (DIF) IMPROVEMENT CREDIT AGREEMENT #D23 -001 FOR AUBURN
RESIDENTIAL DEVELOPMENT LOCATED AT THE NORTHWEST
CORNER OF BAY AVE NUE AND MORENO BEACH DRIVE. DEVELOPER:
KB HOME COASTAL, INC. (Report of: Public Works)
Recommendations:
1. Accept and approve the Development Impact Fees Improvement Credit Agreement #D23-001 (DIF Agreement) for PEN19-0168 improvements.
2. Authorize the City Manager to execute the DIF Agreement.
A.19. APPROVE AND EXECUTE THE AGREEMENT WITH ACCO ENGINEERED SYSTEMS, INC., FOURTH AMENDMENT WITH IMEG CORPORATION
FOR THE PUBLIC SAFETY BUILDING HVAC REPLACEMENT PROJECT 803 0053 AND BUDGET APPROPRIATION (Report of: Public Works)
-10-
Recommendations:
1. Approve the Agreement for the Public Safety Building HVAC Replacement Project No. 803 0053 with Acco Engineered Systems, Inc, the lowest responsible bidder, and the Fourth Amendment with IMEG Corporation for Design and Construction Support Services, fun ded through Facility Construction (Fund 3000), Facilities Replacement Reserve (Fund 7330), and Equipment Replacement Reserve (Fund 7510);
2. Authorize the City Manager to execute the Agreement for the Public Safety Building HVAC Replacement with Acco Eng ineered Systems, Inc. and Fourth Amendment for Design and Construction Support Services with IMEG Corp; and issuance of the Purchase Orders for completion after the Agreement and Amendment have been fully executed;
3. Authorize the City Manager to execut e any subsequent related Extensions or Amendments to the Agreements within the authorized funding, subject to the approval of the City Attorney; and
4. Approve Budget Adjustments as contained in the Fiscal Impact se ction of this report.
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 - CLOSED SESSION - FEBRUARY 7, 2023. (See Item A.2)
Recommendation:
1. Approve as submitted.
B.3. MINUTES - CITY COUNCIL - REGULAR MEETING - FEBRUARY 7, 2023. (See Item 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. 59, 62, 63, 69, 72 AND 74 (RESO.
NOS. CSD 2023- __ TO CSD 2023 -__) (Report of: Financial & Ma nagement Services)
-11-
Recommendation:
1. Adopt Resolution No. CSD 2023 -__, 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. 59) (D.R.
Horton Los Angeles Holding Company, Inc., located near the northeast corner of Alessandro Blvd. and Lasselle St.).
2. Adopt Reso lution No. CSD 2023 -__, 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 D istrict No. 2021 -01 ( Parks Maintenance) and approving the amended map for said District (Amendment No. 62) (Hakan Buvan, located near the northeast corner of Moreno Beach Dr. and Cactus Ave., on Bradshaw Cir.).
3. Adopt Resolution No. CSD 2023 -__, 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 (Amend ment No. 63) (SPSSN Inv II, 22402 Bay Ave.).
4. Adopt Resolution No. CSD 2023 -__, 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 Val ley Community Facilities District No. 2021 -01 ( Parks Maintenance) and approving the amended map for said District (Amendment No. 69) (David Santibanez de la Torre, 28778 McAbee Ave.).
5. Adopt Resolution No. CSD 2023 -__, 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 (Am endment No. 72) (Marta and Luis Ernesto Interiano, 24649 La Barca Way).
6. Adopt Resolution No. CSD 2023 -__, a Resolution of the Board for the Moreno Valley Community Services District of th e City of Moreno Valley , California, ordering the annexation of terr itory to City of Moreno Valley Community Facilities District No. 2021 -01 ( Parks Maintenance) and approving the amended map for said District (Amendment No. 74) (Denesse Duran and Jaime Eduardo Pulido, 23433 Dome St.).
-12-
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 - CLOSED SESSIO N - FEBRUARY 7, 2023. (See Item A.2)
Recommendation:
1. Approve as submitted.
C.3. MINUTES - CITY COUNCIL - REGULAR MEETING - FEBRUARY 7, 2023. (See Item 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.
Recommendation: Waive reading of all Ordinances.
D.2. MINUTES - CITY COUNCIL - CLOSED SESSION - FEBRUARY 7, 2023. (See Item A.2)
Recommendation:
1. Approve as submitted.
D.3. MINUTES - CITY COUNCIL - REGULAR MEETING - FEBRUARY 7, 2023. (See Item A.3)
Recommendation:
1. Approve as submitted.
E. CONSENT CALENDAR - PUBLIC FINANCING AUTHORITY
-13-
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 - CLOSED SESSION - FEBRUARY 7, 2023. (See Item A.2)
Recommendation:
1. Approve as submitted.
E.3. MINUTES - CITY COUNCIL - REGULAR MEETING - FEBRUARY 7, 2023.(See Item 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. APPEALS OF PLANNING COMMISSION A PPROVAL OF PLOT PLAN FOR AN AUTOMOBILE PARKING LOT (Report of: Community Development) Recommendations: That the City Council:
A. ADOPT Resolution No. 2023-XX, attached hereto, DENYING Appeals PAA22-0005 and PAA23 -0003, upholding the Planning Commission’s decision approving the Plot Plan for the Automobile Parking Lot
AND:
1. CERTIFYING the Initial Study/Mitigated Negative Declaration prepared for Plot Plan PEN21 -0102 on file with the Community Development Department, incorporated herein by this reference, which was completed in compliance with CEQA and the CEQA Guidelines, and reflects that the Planning Commission reviewed and considered the information contained in the Initial Study/Mitigated Negative Declaration, and exercised its independent judgment and analysis of the proposed Project’s potential environmental impacts; and
-14-
2. ADOPTING the Mitigation Monitoring and Report ing Program prepared for the Project, which consists of Plot Plan PEN21 -0102 pursuant to CEQA and the CEQA Guidelines; and.
B. ADOPT Resolution No. 2023-XX attached hereto,
3. APPROVING the Planning Commission’s approval of Plot Plan PEN21-0102 based on t he Recitals, Evidence contained in the Administrative Records, and Findings as set forth in Resolution No. 2023-XX.
F.2. PUBLIC HEARING FOR ONE NATIONAL POLLUTANT DISCHARGE ELIMINATION SYSTEM MAIL BALLOT PROCEEDING (Report of: Financial & Management Services)
Recommendations: That the City Council:
1. Conduct the Public Hearing and accept public testimony for the mail ballot proceeding for the National Pollutant Disc harge Elimination System (NPDES) Residential Regulatory Rate to be applied to the property tax bill of the parcels identified herein (Hakan Buvan, located near the northeast corner of Moreno Beach Dr. and Cactus Ave., on Bradshaw Circle);
2. Direct the City Clerk to open and count the returned NPDES ballot;
3. Verify and accept the results of the mail ballot proceeding as maintained by the City Clerk on the Official Tally Sheet and if approved, set the rate and impose the applicable NPDES Regula tory Rate on the Assessor’s Parcel Numbers as mentioned;
4. Receive and file the Official Tally Sheet with the City Clerk’s office.
G. ITEMS REMOVED FROM CONSENT CALENDARS FOR DISCUSSION OR
SEPARATE ACTION
H. GENERAL BUSINESS
H.1. ART MURAL PROGRAM DISCUSSION (Report of: City Manager) Recommendations:
1. Council to authorize the Assistant City Manager & Parks & Community Services Director to wo rk with the Arts Commission to develop a Public Art Policy. The policy will reflect the mission of the Arts Commission and will include guidelines regarding submittal process, selection criteria, installation, deinstallation, insurance, agreements, communi ty engagement, and fiscal analysis.
-15-
2. Provide any other direction as authorized by Council.
H.2. REVIEW OF OPTIONS REGARDING PROCEDURES FOR SELECTING THE MAYOR PRO TEM (Report of: City Clerk)
1. Provide direction regarding whether the Mayor Pro Tem selection process should be revised based on the one of the options described in this Staff Report.
H.3. SENATE BILL NO. 1439 - CONFLICTS OF INTERESTS RELATED TO CAMPAIGN CONTRIBUTIONS (Report of: City Attorney)
Recommendation:
1. That the City Council receive and file this report.
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
(Informational Oral Presentation - not for Council action)
CLOSING COMMENTS AND/OR REPORT S 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.
ADJOURNMENT
-16-
PUBLIC INSPECTION
The contents of the agenda packet are a vailable 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 b een 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 duri ng normal business hours.
..
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 website 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
City Clerk
Date Posted: February 16, 2023
-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
February 7, 2023
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 Mor eno Valley, Housing Authority, and the Moreno Valley Public Financing Authority was called to order at 4:30 p.m. by Mayor Cabrera in the Council Chamber located at 14177 Frederick Street, Moreno Valley, California.
Mayor Cabrera announced that the City C ouncil receives a separate stipend for CSD meetings.
ROLL CALL
Council: Ulises Cabrera
Ed Delgado
David Marquez
Cheylynda Barnard
Elena Baca-Santa Cruz
Mayor
Mayor Pro Tem
Council Member
Council Member
Council Member
PUBLIC COMMENTS ON MATTERS ON THE AGENDA ONLY
Mayor Cabrera 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.
A.2
Packet Pg. 17
Minutes Acceptance: Minutes of Feb 7, 2023 4:30 PM (CONSENT CALENDAR-CITY COUNCIL) -2-
CLOSED SESSION
Interim City Attorney Quin tanilla announced that the City Council would recess to Closed Session to discuss the item as listed on the agenda and that he did not anticipate any reportable action.
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 POTENTIAL EXPOSURE OF
LITIGATION
Pursuant to Government Code Section 54956.9 (d) (1 Potential Case)
Mayor Cabrera recessed the City Council to the City Manager's Conference Room, second floor, City Hall, for their Closed Session at 4:33pm.
Mayor Cabrera reconvened the City Council in the Council Chamber from their Closed Session at 5:30pm.
REPORT OF ACTION FROM CLOSED SESSION, IF ANY, BY CITY ATTORNEY Interim City Attorney Quintanilla announced that there was no reportable action taken in Closed Session.
ADJOURNMENT
There being no further business to come before the City Council, Mayor Cabrera adjourned the meeting at 5:36 p.m.
A.2
Packet Pg. 18
Minutes Acceptance: Minutes of Feb 7, 2023 4:30 PM (CONSENT CALENDAR-CITY COUNCIL) -3-
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:
___________________________
Ulises Cabrera
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
A.2
Packet Pg. 19
Minutes Acceptance: Minutes of Feb 7, 2023 4:30 PM (CONSENT CALENDAR-CITY COUNCIL)
MINUTES
CITY COUNCIL REGULAR MEETING OF THE CITY OF MORENO VALLEY February 7, 2023
-1-
CALL TO ORDER - 5:30 PM
SPECIAL PRESENTATIONS
1. DEPUTY OF THE 3RD QUARTER 2022
A.3
Packet Pg. 20
Minutes Acceptance: Minutes of Feb 7, 2023 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
February 7, 2023
CALL TO ORDER
The Joint Meeting of the City Council, Community Services Distr ict, 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 6:00 p.m. by Mayor Cabrera in the Council Chamber located at 14177 Frederick Street.
Mayor Cabrera announced that the City Council receives a separate stipend for CSD meetings.
PLEDGE OF ALLEGIANCE
The Pledge of Allegiance was led by Mayor Pro Tem Delgado.
INVOCATION
The invocation was led by Pastor Flakes, from True Zoe Fellowship.
ROLL CALL
Council: Ulises Cabrera Mayor
Edward A. Delgado Mayor Pro Tem
Elena Baca-Santa Cruz Council Member
David Marquez Council Member
Cheylynda Barnard Council Member
A.3
Packet Pg. 21
Minutes Acceptance: Minutes of Feb 7, 2023 6:00 PM (CONSENT CALENDAR-CITY COUNCIL) -3-
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
Michael Lloyd Assistant City Manager
Manuel Mancha Community Development Director
Melissa Walker Public Works Director/City Engineer
Jeremy Bubnick Parks and Community Services Director
Ken Reichle Chief of Police
Mike Martinez Battalion Chief
PUBLIC COMMENTS ON MATTERS NOT ON THE AGENDA
Fred Banuelos
1. Transparency concerns.
Adam Eventov
1. Natural gas information.
Roland Allgayer
1. Transitional homes.
Judy Brice
1. Accessory Dwelling Unit.
Daryl T
1. Natural gas prices.
Christopher Baca
1. Public Safety.
Martin Cabrera
1. City suggestions.
James C. Baker
1. Projects in the City.
A.3
Packet Pg. 22
Minutes Acceptance: Minutes of Feb 7, 2023 6:00 PM (CONSENT CALENDAR-CITY COUNCIL) -4-
Bob Palomarez
1. DUI Checkpoints and Two Companies.
Russell Shafer
1. Meeting conduct.
Sarah Lytle
1. Homeless crisis.
Pete
1. Critical of Mayor Cabrera.
Dr. Mary McBean
1. Natural Gas Prices.
Linda Thomas
1. Critical of Mayor Cabrera.
Roy Bleckert
1. Freedom of Speech.
Michelle Davis
1. Community engagement.
Louise Palomarez
1. Critical of Mayor Cabrera.
Jorge Coronado
1. Creative project.
Audrey Thomas
1. Critical of Mayor Cabrera.
PUBLIC COMMENTS ON MATTERS ON THE AGENDA
Roy Bleckert
1. Previous Council Meeting.
A.3
Packet Pg. 23
Minutes Acceptance: Minutes of Feb 7, 2023 6:00 PM (CONSENT CALENDAR-CITY COUNCIL) -5-
CITY COUNCIL OPENING COMMENTS
None.
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 Agenc y, Hou sing 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 withdr awn fo r report or discussion will be heard after public hearing items.
RESULT: APPROVED [UNANIMOUS]
MOVER: Ed Delgado, Mayor Pro Tem
SECONDER: Elena Baca-Santa Cruz, Council Member
AYES: Cabrera, Delgado, Marquez, Barnard, Baca-Santa Cruz A. CONSENT CALENDAR-CITY COUNCIL
A.1. ORDINANCES - READING BY TITLE ONLY - THE MOTION TO ADO PT 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 - DECEMBER 6, 2022 (Report of: City Clerk) (Item Pulled from Consent to Section G for separate vote)
A.3. City Council - Closed Session - Jan 17, 2023 4:30 PM Recommendation:
1. Approve as submitted.
A.4. City Council - Regular Meeting - Jan 17, 2023 6:00 PM Recommendation:
1. Approve as submitted.
A.5. PAYMENT REGISTER - NOVEMBER 2022 (Report of: Financial & Management Services)
Recommendation:
A.3
Packet Pg. 24
Minutes Acceptance: Minutes of Feb 7, 2023 6:00 PM (CONSENT CALENDAR-CITY COUNCIL) -6-
1. Receive and file the Payment Register.
A.6. LGL21-0017 - NOTICE OF INTENT TO VACATE A PORTION OF GATO DEL SOL AVENUE AT VIRGINIA STREET. OWNER: SAN DIEGO GAS & ELECTRIC (Report of: Public Works)
Recommendations:
1. A Resolution of the City Council of the City of Moreno Valley, California, Declaring its Intention to Vacate a Portion of Gato Del Sol Avenue at Virginia Street.
2. Direct the City Clerk to certify sai d resolution and transmit a copy of the resolution to the County Recorder’s office for recording.
A.7. PEN20-0063 ( TR 37909) – APPROVE TRACT MA P 37909 LOCATED ON THE SOUTH SIDE OF IRIS AVENUE, EAST OF PERRIS BOULEVARD.
DEVELOPER: BEAZER HOMES HOLDINGS, LLC (Report of: Public Works) Recommendations:
1. Approve Tract Map 37909.
2. Authorize the City Clerk to sign the map an d transmit said map to the County Recorder’s Office for recordation.
A.8. APPROVE PURCHASE OF METERS FROM MCAVOY AND MARKHAM ENGINEERING & SALES CO. FOR MORENO VALLEY UTILITY (Report of:
Public Works)
Recommendations:
1. Approve the purchase of meters from McAvoy and Markham Engineering & Sales Co. up to the Council approved amended budget of $495,916 in Moreno Valley Utility’s Emergency Outa ge Response account 6010-70-80-45510-710134; and
2. Authorize the City Manager to execute subsequent associated purchase orders subject to the approved budget by City Council.
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.
A.3
Packet Pg. 25
Minutes Acceptance: Minutes of Feb 7, 2023 6:00 PM (CONSENT CALENDAR-CITY COUNCIL) -7-
B.2. MINUTES - CITY COUNCIL - REGULAR MEETING - DECEMBER 6, 2022 (Report of the City Clerk) (SEE ITEM A.2) (Item Pulled from Consent to Section G for separate vote)
Recommendation:
1. Approve as submitted.
B.3. MINUTES - CITY COUNCIL - CLOSED SESSION - JANUARY 17, 2023 (Report of the City Clerk) (SEE ITEM A.3)
Recommendation:
1. Approve as submitted.
B.4. MINUTES - CITY COUNCIL - REGULAR MEETING - JANUARY 17, 2023 (Report of the City Clerk) (SEE ITEM A.4)
Recommendation:
1. Approve as submitted.
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 - DECEMBER 6, 2022 (Report of the City C lerk) (SEE ITEM A.2) (Item Pulled from Consent to Section G for separate vote)
Recommendation:
1. Approve as submitted.
C.3. MINUTES - CITY COUNCIL - CLOSED SES SION - JANUARY 17, 2023 (Report of the City Clerk) (SEE ITEM A.3)
Recommendation:
1. Approve as submitted.
C.4. MINUTES - CITY COUNCIL - REGULAR MEETING - JANUARY 17, 2023 (Report of the City Clerk) (SEE ITEM A.4)
Recommendation:
A.3
Packet Pg. 26
Minutes Acceptance: Minutes of Feb 7, 2023 6:00 PM (CONSENT CALENDAR-CITY COUNCIL) -8-
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.
Recommendation: Waive reading of all Ordinances.
D.2. MINUTES - CITY COUNCIL - REGULAR MEETING - DECEMBER 6, 2022 (Report of the City Cle rk) (SEE ITEM A.2) (Item Pulled from Consent to Section G for separate vote)
Recommendation:
1. Approve as submitted.
D.3. MINUTES - CITY COUNCIL - CLOSED SESSION - JANUARY 17, 2023 (Report of the City Clerk) (SEE ITEM A.3)
Recommendation:
1. Approve as submitted.
D.4. MINUTES - CITY COUNCIL - REGULAR MEETING - JANUARY 17, 2023 (Report of the City Clerk) (SEE ITEM A.4)
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 - DECEMBER 6, 2022 (Report of the City Clerk) (S EE ITEM A.2) (Item Pulled from Consent to Section G for separate vote)
Recommendation:
1. Approve as submitted.
A.3
Packet Pg. 27
Minutes Acceptance: Minutes of Feb 7, 2023 6:00 PM (CONSENT CALENDAR-CITY COUNCIL) -9-
E.3. MINUTES - CITY COUNCIL - CLOSED SESSION - JANUARY 17, 2023 (Report of the City Clerk) (SEE ITEM A.3)
Recommendation:
1. Approve as submitted.
E.4. MINUTES - CITY COUNCIL - REGULAR MEETING - JANUARY 17, 2023 (Report of the City Clerk) (SEE ITEM A.4)
Recommendation:
1. Approve as submitted.
F. PUBLIC HEARINGS - NONE
Questions or comments from the public on a Public Hearing matter are lim ited to five minutes per individual and must pertain to the subject under consideration.
Those wishing to sp eak should complete and submit a GOLDENROD speaker slip to the Sergeant-at-Arms.
G. ITEMS REMOVED FROM CONSENT CALENDARS FOR DISCUSSION OR
SEPARATE ACTION
G.1. MINUTES - CITY COUNCIL - REGULAR MEETING - DECEMBER 6, 2022 (Report of: City Clerk)
Recommendation:
1. Approve as submitted.
Mayor Cabrera opened the item for Council questions of staff.
Council Member Baca-Santa Cruz asked questions of staff.
City Clerk Jane Halstead responded to Council Member Baca-Santa Cruz's questions.
Mayor Cabrera asked staff if there were any recommendations or if any changes are needed based on the public's concerns.
City Clerk Jane Halstead stated staff had no recommendations or concerns.
Mayor Cabrera called for public comments.
A.3
Packet Pg. 28
Minutes Acceptance: Minutes of Feb 7, 2023 6:00 PM (CONSENT CALENDAR-CITY COUNCIL) -10-
With no public comments, Mayor Cabrera called for a motion.
Motion made by Mayor Cabrera and seconded by Mayor Pro Tem Delgado.
Motion passed by a vote of 4 -0, with Council Member Baca -Santa Cruz, Council Member Marquez, Mayor Pro Tem Delgado, and Mayor Cabrera voting yes and Council Member Barnard abstaining.
RESULT: APPROVED [4 TO 0]
MOVER: Ulises Cabrera, Mayor
SECONDER: Ed Delgado, Mayor Pro Tem
AYES: Ulises Cabrera, Ed Delgado, D avid M arquez, Elena Baca -Santa Cruz
ABSTAIN: Cheylynda Barnard
H. GENERAL BUSINESS
H.1. 6088 : SENATE BILL NO. 1100 REGARDING DECORUM AT PUBLIC MEETINGS (Report of: City Attorney)
Interim City Attorney Steven Quintanilla provided the staff report.
Mayor Cabrera opened the floor for Council questions of staff.
With no Council questions of staff, Mayor Cabrera called for public comments to be heard.
Christopher Baca
1. Support.
Roy Bleckert
1. Support.
Russell Shafer
1. Oppose.
Bob Palomarez
1. Support.
Louise Palomarez
1. Support.
A.3
Packet Pg. 29
Minutes Acceptance: Minutes of Feb 7, 2023 6:00 PM (CONSENT CALENDAR-CITY COUNCIL) -11-
Dr. Mary McBean
1. Support.
Mayor Cabrera opened the floor for Council deliberation.
Council Member Barnard cautioned the Council to tread lightly regarding matters of freedom of speech.
Council Member Baca-Santa Cruz stated this item is in no way intended to restrict your freedom of speech, instead this bill allows for disruptions to be handled by removing the disruption instead of removing all residents from the Council Chambers.
Mayor Pro Tem Delgado stated he does not feel the City needs to adopt a policy, provisions, or change rules in response to this bill; instead, the Council Member suggested the Council follow the bill the way it is written.
Mayor Cabrera agreed with comments made by the Council. Mayor Cabrera asked residents to try not to use profanity when speaking, but he does respect their first amendment right.
With additional request to speak from the public, Mayor Cabrera called for public comments to be heard.
Linda Thomas
1. Support.
Michelle Davis
1. Support.
Mayor Cabrera called for a two minute break.
Mayor Cabrera asked staff if a vote was needed to receive and file this report.
Interim City Attorney Steven Quintanilla stated a vote was not necessary.
With no vote necessary, Mayor Cabrera closed the item.
H.2. SENATE BILL NO. 1087 (SB 1087) AND ASSEMB LY BILL NO. 1740 (AB 1740) PERTAINING TO CATALYTIC CONVERTER THEFT (Report of: City Attorney)
A.3
Packet Pg. 30
Minutes Acceptance: Minutes of Feb 7, 2023 6:00 PM (CONSENT CALENDAR-CITY COUNCIL) -12-
Interim City Attorney Steven Quintanilla provided the staff report.
Mayor Cabrera called for public comments to be heard.
Daryl T
1. Support.
Bob Palomarez
1. Support.
Roy Bleckert
1. Support.
Louise Palomarez
1. Support.
Mayor Cabrera opened the floor for Council deliberation.
Mayor Cabrera stated he did ask for this item to come to Council, as many of the residents of the City have had to deal with this issue. Mayor Cabrera stated he wanted to have this discussion and make sure this information is heard by those who need it most, whether it is recyclers, mechanics, or residents.
Mayor Cabrera stated at an upcoming meeting, he will be asking to look at the City's legislative priorities.
Council Member Baca-Santa Cruz asked staff if there was any outreach to our businesses or people impacted by this bill.
City Manager Mike Lee responded and stated the Community Enhancement team visited all 145 recycling businesses in the City providing them the information regarding SB 1087 and AB 1740. Additionally, a letter will be sent out to all recycling businesses outlining these laws. In the next 60 days, a hot line will be created for residents to call and report if they suspect any businesses are buying catalytic converters illegally. City Manager Mike Lee also stated they will be implementing an annual inspection of the 145 recycling businesses.
Mayor Pro Tem Delgado stated enforcement will be pertinent to determine the success of this bill. Mayor Pro Tem Delgado brought in examples of catalytic converters and asked Mayor Cabrera to show the residents what a catalytic converter looks like.
Mayor Cabrera asked if there were any other request to speak from Council.
A.3
Packet Pg. 31
Minutes Acceptance: Minutes of Feb 7, 2023 6:00 PM (CONSENT CALENDAR-CITY COUNCIL) -13-
With no request to speak, Mayor Cabrera closed the item.
I. REPORTS
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)
Mayor Cabrera reported the following:
Tonight, I’m providing updates from the RCTC Budget a nd Implementation Committee meeting held on January 23rd.
The Committee approved the Fiscal Year 2022/23 mid -year budget adjustments for a net increase of $2,559,200 and $3,459,200 in revenues and expenditures, respectively.
The Committee also heard a b riefing regarding s tate a nd federal legislative updates.
That concludes my report on the last RCTC Budget and Imple mentation Committee meeting.
Riverside Transit Agency (RTA)
Council Member Marquez reported the following:
The Committee heard a presenta tion regarding the RTA Information Technology needs and authorized the award of an agreement t o Helixstorm for Infor mation Technology Managed Services.
The Board heard a presentation of the Sustainable Service Plan and authorized staff to seek public comm ents. The Board als o authorized to execute a revenue A.3
Packet Pg. 32
Minutes Acceptance: Minutes of Feb 7, 2023 6:00 PM (CONSENT CALENDAR-CITY COUNCIL) -14-
agreement with Call The Car for the purch ase of 30 -day bus pass es for Inland Empire Health Plan.
Western Riverside Council of Governments (WRCOG)
Council Member Baca-Santa Cruz reported the following:
Items covered at t he WRC OG Executive Committee meeting on February 6, 2023 include:
The Ex ecutive Committee adop ting the WRCOG 2022 -2027 Strategic Plan.
That concludes my report on the last WRCOG meeting.
Western Riverside County Regional Conservation Authority (RCA) Council Member Marquez reported the following:
Items covered at the RCA Boa rd of Directors meetin g on February 6, 2023, include:
· The Board of Directors approval of amendments to the MSHCP Mitigation Fee Implementation Manual. The upda tes provide clarity to Me mber Agencies.
That concludes my report on the last RCA Meeting.
School District/City Joint Task Force
None.
I.2. EMPLOYEE ASSOCIATION REPORTS
None.
I.3. CITY MANAGER'S REPORT
1. Homelessness resources provided to resident.
2. Congratulated new Public Works Director Melissa Walker.
3. Beautify Moreno Valley.
A.3
Packet Pg. 33
Minutes Acceptance: Minutes of Feb 7, 2023 6:00 PM (CONSENT CALENDAR-CITY COUNCIL) -15-
CLOSING COMMENTS AND/OR RE PORTS 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 Baca-Santa Cruz
1. League of California Cities Conference.
2. City improvements and events.
3. CBAT Teams.
4. Spanish Translation Services.
Council Member Marquez
1. Poppy Fields.
2. League of California Cities Conference.
Council Member Barnard
1. League of California Cities Conference.
2. California Air Resources Board (CARB), Riverside.
3. Congratulated Officer Reyes.
4. Carnegie Homeless Shelter.
5. CBAT Teams.
Mayor Pro Tem Delgado
1. League of California Cities Conference.
2. Students of the Mont Breakfasts.
3. Point in Time Count.
4. Real Estate Conference.
5. Texas Roadhouse.
6. Victoriano Park Lighting.
7. Elks Lodge Hoop Shoot.
A.3
Packet Pg. 34
Minutes Acceptance: Minutes of Feb 7, 2023 6:00 PM (CONSENT CALENDAR-CITY COUNCIL) -16-
Mayor Cabrera
1. MLK Scholarship Breakfast.
2. League of California Cities Latino Caucus Retreat.
3. Community Day of Kindness, Canyon Springs High School.
4. Assembly Member Corey Jackson.
5. Point In Time Count.
6. Karma Automotive and B-ON Electric Vehicles.
7. California Air Resources Board (CARB), Riverside.
8. Patriot Park.
Motion to explore options of adding a basketball court to Patriot Park.
Motion made by Mayor Cabrera and seconded by Council Member Marquez.
Motion passed with a 5-0 vote, with Council Member Baca-Santa Cruz, Council Member Marquez, Council Member Barnard, Mayor Pr o Tem Delgado, and Mayor Cabrera voting yes.
RESULT: APPROVED [UNANIMOUS]
MOVER: Ulises Cabrera, Mayor
SECONDER: David Marquez, Council Member
AYES: Cabrera, Delgado, Marquez, Barnard, Baca-Santa Cruz
9. Study Sessions.
ADJOURNMENT
There being no further business to come before the City Counci l, M ayor Cabrera adjourned the meeting at 9:09pm.
PUBLIC INSPECTION
The contents of the a genda packet are available for p ublic inspection on the C ity’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 distribute d to all or a major ity of the City Council less than 72 hours prior to this meeting will be ma de 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 A.3
Packet Pg. 35
Minutes Acceptance: Minutes of Feb 7, 2023 6:00 PM (CONSENT CALENDAR-CITY COUNCIL) -17-
business hours.
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:
___________________________
Ulises Cabrera
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
A.3
Packet Pg. 36
Minutes Acceptance: Minutes of Feb 7, 2023 6:00 PM (CONSENT CALENDAR-CITY COUNCIL)
Report to City Council
ID#6067 Page 1
TO: Mayor and City Council
FROM: Jane Halstead, CMC, City Clerk
AGENDA DATE: February 21, 2023
TITLE: COUNCIL DISCRETIONARY EXPENDITURE REPORTS
FOR FISCAL YEAR 2022/2023 FROM 1. JULY 1,
2022, THROUGH JANUARY 31, 2023.
RECOMMENDED ACTION
Recommendation:
1. Receive and file the Fiscal Year 202 2/2023 Council Discretionary Exp enditure Report for July 1, 2022, through January 31, 2023.
SUMMARY
This staff report is prepared at the request of the City Council to provide transparency with respect to the exp enditure of City funds from City Council Discr etionary Expenditure Accounts. These reports are for each Council Member’s year to date expenditures for Fiscal Year 202 2/2023, f or July 1, 202 2 through January 31, 2023 .
Each Council District receives an annu al budget allocation of $3,000 and the Mayor receives an annual budget allocation of $6,000.
With the adoption of the current fiscal year budget and pursuant to Resolution No. 2021- 31, unu sed monies from Fiscal Year 202 1/2022 has been carried over to t he current Fiscal Year as approved by the City Manager.
The expenditure reports are included routinely in the City Council agenda as an additional means of distributing reports on activities to the Council and public. The reports are to be posted to th e City’s website following Council approval. The monthly reports provide unaudited information and are reconciled to the City’s general ledger.
Following the end of the Fiscal Year, the financial information shall be reviewed as part of the City’s independent financial audit.
NOTIFICATION
A.4
Packet Pg. 37
Posting of the agenda as required by the Brown Act.
PREPARATION OF STAFF REPORT
Prepared By: Department Head Approval:
Jasmin Rivera Jane Halstead
Management Assistant City Clerk
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
To view large attachments, please click your “bookmarks” on the left hand side of this document for the necessary attachment.
1. FY 22-23 Expenditure Report Sheet
APPROVALS
Budget Officer Approval ✓ Approved . 2/16/23 1:34 PM City Attorney Approval ✓ Approved .
City Manager Approval ✓ Approved . 2/16/23 1:35 PM A.4
Packet Pg. 38
MAYOR ULISES CABRERA
Fiscal Year 2022/2023 Council Discretionary Expenditures Accounts: 1010-10-01-10015-620130 Mayor Discretionary
1010-10-01-10015-620131 Mayor Discretionary - Carryover December 13, 2023 – January 31, 2023
Date Amount Description
12/27/2022 563.98 The Leela Project
8/31/2022 $ 500.00 No expenditures to report for January 2023 9/01/2022 $ 1,000.00 Valley View High School Football Team Uniforms 9/21/2022 $ 30.00 League of California Cities Riverside County Division Dinner 9/30/2022 $ 187.50 Banning St
ate of the city
11/28/2022 $ 9,622.63 Mayor's Turkey Give Away - Turkeys $ 563.98 TOTAL Council Discretionary Expenditures for FY 22/23 $ 3,000.00 FY 22/23 Adopted Budget Amount
$ --Carryover Budget Amount FY 21/22
$ 3,000.00 FY 22/23 Amended Budget Amount
$ 2,436.02 FY 22/23 Budget Amount Remaining
Source: Unaudited financial data from the City's accounting records.
Updated as of: 2/14/2023
A.4.a
Packet Pg. 39
Attachment: FY 22-23 Expenditure Report Sheet [Revision 2] (6067 : COUNCIL DISCRETIONARY EXPENDITURE REPORTS FOR FISCAL YEAR MAYOR PRO TEM EDWARD A. DELGADO
Fiscal Year 2022/2023 Council Discretionary Expenditures Accounts: 1010-10-01-10012-620112 District 2 Discretionary 1010-10-01-10012-620117 District 2 Discretionary - Carryover July 1, 2022 – January 31, 2023
Date Amount Description
No expenditures to report for July 2022
8/2/2022 $ 108.25 Trailseekers Moreno Valley Equestrian Center Reservation 8/26/2022 $ 500.00 Diamond Girls Softball Association Team Contribution: Lady Outlaws 8/31/2022 $ 190.84 The Bob Hope Project Plaque
9/30/2022 $ 500.00 Canyon Springs Little League
9/30/2022 $ 187.50 Banning State of the City
10/24/2022 $ 208.54 Elks Lodge Hoop-Shoot
No expenditures to report for November 2022
No expenditures to report for December 2022
1/10/2023 $ 500.00 The Hole in Wall, Inc.
$ 2,195.13 TOTAL Council Discretionary Expenditures for FY 22/23 $ 3,000.00 FY 22/23 Adopted Budget Amount
$ 335.00 Carryover Budget Amount FY 21/22
$ 3,335.00 FY 22/23 Amended Budget Amount
$ 1,139.87 FY 22/23 Budget Amount Remaining
Source: Unaudited financial data from the City's accounting records.
Updated as of: 2/14/2023
A.4.a
Packet Pg. 40
Attachment: FY 22-23 Expenditure Report Sheet [Revision 2] (6067 : COUNCIL DISCRETIONARY EXPENDITURE REPORTS FOR FISCAL YEAR COUNCIL DISTRICT 1 ELENA BACA-SANTA CRUZ
Fiscal Year 2022/2023 Council Discretionary Expenditures Accounts: 1010-10-01-10011-620111 District 1 Discretionary 1010-10-01-10011-620116 District 1 Discretionary - Carryover July 1, 2022 – January 31, 2023
Date Amount Description
No expenditures to report for July 2022
200.00 Diamond Girls Softball Association Team Contribution: Ruthless
30.00 League of California Cities Riverside County Division Dinner 187.50 Banning State of the City
250.00 The Hole in Wall Inc.
49.37 Turning Red Tape in Red Carpet
50.00 No expenditures to report for November 2022
250.00 Tuning Sounds Organization
8/31/2022 $
9/21/2022 $
9/30/2022 $
10/13/2022 $
10/31/2022 $
6/3/2022 $
12/31/2022 $
1/20/2023 $ 40.00 No expenditures to report for January 2023 $ 966.87 TOTAL Council Discretionary Expenditures for FY 22/23 $ 3,000.00 FY 22/23 Adopted Budget Amount
$ 1,450.00 Carryover Budget Amount FY 21/22
$ 4,450.00 FY 22/23 Amended Budget Amount
$ 3,483.13 FY 22/23 Budget Amount Remaining
Source: Unaudited financial data from the City's accounting records.
Updated as of: 2/14/2023
A.4.a
Packet Pg. 41
Attachment: FY 22-23 Expenditure Report Sheet [Revision 2] (6067 : COUNCIL DISCRETIONARY EXPENDITURE REPORTS FOR FISCAL YEAR COUNCIL DISTRICT 3 DAVID MARQUEZ
Fiscal Year 2022/2023 Council Discretionary Expenditures Accounts: 1010-10-01-10013-620113 District 3 Discretionary 1010-10-01-10013-620118 District 3 Discretionary - Carryover July 1, 2022 – January 31, 2023
Date Amount Description
7/31/2022 $ 50.00 Jamil Dada Awards Ceremony Dinner
8/31/2022 $ 500.00 Diamond Girls Softball Association Team Contribution: Luna Chicks 8/31/2022 $ 190.84 No expenditures to report for September 2022Hope Project Plaque 4/23/2022 $ 108.25 No expenditures to report for October 2022Hope Sponsorship Trail seekers MVEC No expenditures to report for November 2022
12/08/2022 $ 50.00 2022 State of Riverside County
6/4/2022 $ 135.00 No expenditures to report for January 2023 $ 600.00 TOTAL Council Discretionary Expenditures for FY 22/23 $ 3,000.00 FY 22/23 Adopted Budget Amount
$ 5,829.00 Carryover Budget Amount FY 21/22
$ 8,829.00 FY 22/23 Amended Budget Amount
$ 8,229.00 FY 22/23 Budget Amount Remaining
Source: Unaudited financial data from the City's accounting records.
Updated as of: 2/14/2023
A.4.a
Packet Pg. 42
Attachment: FY 22-23 Expenditure Report Sheet [Revision 2] (6067 : COUNCIL DISCRETIONARY EXPENDITURE REPORTS FOR FISCAL YEAR COUNCIL DISTRICT 4 CHEYLYNDA BARNARD
Fiscal Year 2022/2023 Council Discretionary Expenditures Accounts: 1010-10-01-10014-620114 District 4 Discretionary 1010-10-01-10014-620119 District 4 Discretionary - Carryover December 13, 2022 – January 31, 2023
Date Amount Description
No expenditures to report for December 2022
No expenditures to report for January 2023
$ 0.00 TOTAL Council Discretionary Expenditures for FY 22/23 $ 1,500.00 FY 22/23 Adopted Budget Amount
$ - Carryover Budget Amount FY 21/22
$ 1,500.00 FY 22/23 Amended Budget Amount
$ 1,500.00 FY 22/23 Budget Amount Remaining
Source: Unaudited financial data from the City's accounting records.
Updated as of: 2/14/2023
A.4.a
Packet Pg. 43
Attachment: FY 22-23 Expenditure Report Sheet [Revision 2] (6067 : COUNCIL DISCRETIONARY EXPENDITURE REPORTS FOR FISCAL YEAR COUNCIL DISTRICT 4 ULISES CABRERA
Fiscal Year 2022/2023 Council Discretionary Expenditures Accounts: 1010-10-01-10014-620114 District 4 Discretionary 1010-10-01-10014-620119 District 4 Discretionary - Carryover July 1, 2022 – December 13, 2022
Date Amount Description
7/29/2022 $ 500.00 Community Health Systems, Inc Backpack Giveaway 7/29/2022 $ 500.00 Moreno Valley Community Band/ Wind Symphony Student Dues contribution 7/31/2022 $ 50.00 Jamil Dada Awards Ceremony Dinner 7/31/2022 $ 53.98 District 4 Town Hall Beverages and Snacks 7/31/2022 $ 14.52 District 4 Town Hall Beverages and Snacks 7/31/2022 $ 24.60 District 4 Town Hall Beverages and Snacks 8/8/2022 $ 400.00 Moreno Valley Unified School District Health & Resource Fair Supplies 8/26/2022 $ 300.00 Blessed Ministry CDC Backpack Giveaway 9/30/2022 $ 187.50 Banning State of the City
10/31/2022 $ 787.79 Valley View High School Football Team- Pre-Game Meal Raising Cane's No expenditures to report for November 2022
$ 2,818.39 TOTAL Council Discretionary Expenditures for FY 22/23 $ 3,000.00 FY 22/23 Adopted Budget Amount
$ - Carryover Budget Amount FY 21/22
$ 3,000.00 FY 22/23 Amended Budget Amount
$ 181.61 FY 22/23 Budget Amount Remaining
Source: Unaudited financial data from the City's accounting records.
Updated as of: 2/14/2023
No expenditures to report for December 2022
A.4.a
Packet Pg. 44
Attachment: FY 22-23 Expenditure Report Sheet [Revision 2] (6067 : COUNCIL DISCRETIONARY EXPENDITURE REPORTS FOR FISCAL YEAR
MAYOR DR. YXSTIAN A. GUTIERREZ
Fiscal Year 2022/2023 Council Discretionary Expenditures Accounts: 1010-10-01-10015-620130 Mayor Discretionary
1010-10-01-10015-620131 Mayor Discretionary - Carryover July 1, 2022 – December 12, 2023
Date Amount Description
7/31/2022 $ 50.00 Jamil Dada Awards Ceremony Dinner
8/31/2022 $ 500.00 Diamond Girls Softball Association Team Contribution: Luna Chicks 9/01/2022 $ 1,000.00 Valley View High School Football Team Uniforms 9/21/2022 $ 30.00 League of California Cities Riverside County Division Dinner 9/30/2022 $ 187.50 Banning State of the City 11/28/2022 $ 9,622.63 Mayor's Turkey Give Away - Turkeys
$ 11,390.13 TOTAL Council Discretionary Expenditures for FY 22/23
$ 6,000.00 FY 22/23 Adopted Budget Amount
$ 5,767.00 Carryover Budget Amount FY 21/22
$ 11,767.00 FY 22/23 Amended Budget Amount
$ 376.87 FY 22/23 Budget Amount Remaining
Source: Unaudited financial data from the City's accounting records.
Updated as of: 2/14/2023
A.4.a
Packet Pg. 45
Attachment: FY 22-23 Expenditure Report Sheet [Revision 2] (6067 : COUNCIL DISCRETIONARY EXPENDITURE REPORTS FOR FISCAL YEAR
Report to City Council
ID#6100 Page 1
TO: Mayor and City Council
FROM: Manuel A. Mancha, Community Development Director
AGENDA DATE: February 21, 2023
TITLE: ACCEPTANCE OF THE FISCAL YEAR 2022 EDWARD
BYRNE MEMORIAL JUSTICE ASSISTANCE GRANT
PROGRAM AWARD
RECOMMENDED ACTION
Recommendations:
1. Accept the Fiscal Year 2022 Bureau of Justice Assistance Edward Byrne Memorial Justice Assistance Grant Program award of $56,476 administered through the Riverside County Sheriff’s Department ;
2. Authorize the City Manager, or his designee, to execute for and on behalf of the City of Moreno Valley, agreements and other related documents including any amendments required by the Bureau of Justice Assistance for participation in the Edward Byrne Memorial Justice Assistance Grant Program, subject to the approval of the City Attorney; and
3. Authorize the Chief Financial Officer, or his designee, to make any necessary budget adjustments as recommended in the Fiscal Impact section of this report.
SUMMARY
This report recommends acceptance of the FY 2022 Bureau of Justice Assistance (BJA) Edward Byrne Memorial Justice Assistance Grant Program (JAG) conditional grant awarded in the amount of $56,476. As with prior JAG funds awarded, it is used to support the Weekend Enhancement Program.
DISCUSSION
A.5
Packet Pg. 46
The U.S. Depart ment of Justice, through the Office of Justice Programs, provides federal leadership for the development of programs nationally aimed at preventing and suppressing crime. This effort is carried out through the formation of partnerships with other Federal, State and local governments in focusing on programs that address other enforcement needs, such as the prosecution of offenders, crime prevention, and education of the community. As the Federal government allocates funds to each State, the States then allo cate funds throughout the regions. The grant is considered conditional as the initial allocation to California is not yet confirmed.
For 2022, the JAG program has conditionally allocated a total of $498,388 to Riverside County and participating cities. The City is classified as a sub -grantee due to programs that address enforcement of municipal codes, neighborhood nuisances, health and safety, and substandard housing. Moreno Valley's Community Enhancement and Neighborhood Services Division is proposing the continued use of JAG funding for the City's Weekend Enhancement Program. This program is vital in combating neighborhood blight, unpermitted activities, and serves as a deterrent to criminal activity. The grant has funded up to three part -time Community En hancement Officers currently assigned to the Weekend Enhancement Program.
The City has applied for JAG allocations annually since 2009 to help support the cost of these services. The City has been successful and has received regular annual funds awarded. Through the JAG Program, the City has benefitted from over $850,000 in awarded funding supporting the City's Weekend Enforcement Program. This approach is consistent with the desire of the Council to identify and pursue alternate funding sources whenever possible.
ALTERNATIVES
1. Accept the FY 2022 BJA Edward Byrne Memorial JAG grant award and approve any necessary budget adjustments. Staff recommends this alternative.
2. Do not accept the FY 2022 BJA Edward Byrne Memorial JAG grant award . Staff does not recommend this alternative.
FISCAL IMPACT
This grant has no requirement for matching funds. All approved expenses are reimbursed by the grant. Therefore, it is cost -neutral to the City, and there is no impact to the General Fund.
As noted, the grant i s contingent upon Federal allocation of funds to the State that is then allocated to the regions. All approved expenses are expected to be reimbursed by the grant award.
Acceptance of this grant award will necessitate the adjustments outlined below.
A.5
Packet Pg. 47
Description
Fund
GL, Account No.
Type
(Rev/Exp)
FY22/23
Budget
Proposed
Adjustments
FY22/23
Amended
Budget
Receipt of Grant JAG 2715-20-26-72115-485000
GR JAG 22 – CODE
Rev $0
$56,476
$56,476
Salaries-Temporary JAG 2715-20-26-72115-611310
GR JAG 22 – CODE
Exp
$0
$56,476 $56,476
NOTIFICATION
Publication of the Agenda
PREPARATION OF STAFF REPORT
Prepared By: Department Head Approval:
Robert Alvarez Manuel A. Mancha
Community Enhancement and Neighborhood Community Development Director Services Division Manager
CITY COUNCIL GOALS
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.
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 prid e 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
ATTACHMENTS
A.5
Packet Pg. 48
To view large attachments, please click your “bookmarks” on the left hand side of this document for the necessary attachment.
1. JAG 22 Interlocal Agreement
APPROVALS
Budget Officer Approval ✓ Approved . 2/15/23 7:53 AM City Attorney Approval ✓ Approved .
City Manager Approval ✓ Approved . 2/15/23 9:27 AM A.5
Packet Pg. 49
INTERLOCAL AGREEMENT
BETWEEN THE CITIES OF BANNING, BEAUMONT, CATHEDRAL CITY, CORONA, DESERT HOT SPRINGS. HEMET, INDIO, JURUPA VALLEY, LAKE ELSINORE, MENIFEE, MORENO VALLEY, PALM SPRINGS, PERRIS, CITY OF RIVERSIDE. TEMECULA AND
THE COUNTY OF RIVERSIDE. CA
CONCERNING DISTRIBUTION OF THE
2022 JUSTICE ASSISTANCE GRANT AWARD
This Interlocal Agreement ("Agreemenf) Is made and entered into this day .2022. by and between THE COUNTY OF RIVERSIDE, acting by and through its goveming body, the Riverside County Board of Supervisors (hereinafter referred to as "COUNTY"), and named CITIES as referenced In Appendix 1 (hereinafter referred to as "CITIES"), acting by and through their respective goveming bodies, the City Councils, all of whom are situated within the County of Riverside, State of Califomia, as follows:
WHEREAS, each goveming body, in performing govemmental functions or in paying for the performance of govemmental functions hereunder, shall make that performance or those payments from current revenues legally available to that party; and WHEREAS, each goveming body finds that the performance of this Agreement is in the best interests of all parties, that the undertaking will benefit the public, and that the division of costs fairly compensates the performing party for the services or functions under this Agreement; and WHEREAS, the COUNTY agrees to release to CITIES their respective grant ailocation from the JAG Award, less ten percent (10%) re-allocated to COUNTY, as reflected on Appendix 1. here attached and hereby incorporated by reference as part of this Agreement, on a reimbursement basis; and COUNTY agrees to provide the administration of COUNTY'S and CITIES' programs during the entire permissible duration of said programs; and additionally the COUNTY and CITIES each agree that it is their responsibility to ensure these ^nds are expended in accordance with JAG guidelines;and WHEREAS, the COUNTY and CITIES believe it to be in their best interests to reallocate the JAG funds.
NOW THEREFORE, the COUNTY and CITIES agree as follows:
Section 1.
COUNTY agrees to release to CITIES up to their respective grant allocation from the JAG Award, less ten percent (10%) re-allocated to COUNTY, as reflected in Appendix 1 on a reimbursement basis, from the JAG Award within (45) days upon receipt of fully documented reimbursement request, and; COUNTY agrees to provide the administration of COUNTY'S and CITIES' programs during the entire permissible duration of said programs.
Section 2.
COUNTY and CITIES each agree that it is their responsibility to ensure these funds are expended in accordance with JAG guidelines.
MOU - 2022 Justice Assistance Grant Psse 11
JAN 102023 3-4^
A.5.a
Packet Pg. 50
Attachment: JAG 22 Interlocal Agreement (6100 : ACCEPTANCE OF THE FISCAL YEAR 2022 EDWARD BYRNE MEMORIAL JUSTICE A.5.a
Packet Pg. 51
Attachment: JAG 22 Interlocal Agreement (6100 : ACCEPTANCE OF THE FISCAL YEAR 2022 EDWARD BYRNE MEMORIAL JUSTICE A.5.a
Packet Pg. 52
Attachment: JAG 22 Interlocal Agreement (6100 : ACCEPTANCE OF THE FISCAL YEAR 2022 EDWARD BYRNE MEMORIAL JUSTICE WHEREFORE, all parties freely and voluntarily agree to all of the above terms.
MOU - 2022 Justice Assistance Grant Page | 15
CITY OF MORENO VALLEY, CA
Mike Lee, City Manager
ATTEST:
City Clerk
APPROVED AS TO FORM:
City Attorney
A.5.a
Packet Pg. 53
Attachment: JAG 22 Interlocal Agreement (6100 : ACCEPTANCE OF THE FISCAL YEAR 2022 EDWARD BYRNE MEMORIAL JUSTICE A.5.a
Packet Pg. 54
Attachment: JAG 22 Interlocal Agreement (6100 : ACCEPTANCE OF THE FISCAL YEAR 2022 EDWARD BYRNE MEMORIAL JUSTICE
Report to City Council
ID#6099 Page 1
TO: Mayor and City Council
FROM: Manuel A. Mancha, Community Development Director
AGENDA DATE: February 21, 2023
TITLE: APPROVAL OF FIRST AMENDMENT TO AGREEMENT
WITH CIVIC SOLUTIONS, INC., FOR PLANNING
CONSULTANT SERVICES ON AN AS NEEDED BASIS
(AGMT NO. 2022-72-01)
RECOMMENDED ACTION
Recommendations:
1. Approve the First Amendment to Agreement for Planning Consultant Services on an As Needed Basis with Civic Solutions, Inc., and authorize the City Manager, or his designee, to execute the Amendment, an d any subsequent amendments, and Purchase Orders, subject to the approval of the City Attorney, in accordance with approved terms of the agreement and within available budget as previously approved by Council;
2. Authorize an increase of $5 00,000.00 to the not-to-exceed amount of the Agreement with Civic Solutions, Inc., to $ 550,000.00, funded by fees paid by project applicants. Authorize the Purchasing Division Manager to approve a change order to increase Purchase Order #2023-507 to Civic Solutions, Inc.; and
3. Authorize the Chief Financial Officer, or his designee, to make the appropriate budget adjustments as set forth in the Fiscal Impact section of this report.
SUMMARY
This report recommends approval of the First Amendment to the Agreement for Planning Consultant Services on an As Needed Basis with Civic Solutions, Inc.
Additional consultant costs will be fully offset by fees collected on applications.
The Amendments will increase the amount of the City’s Agreement by $5 00,000.00 up to $550,000.00 and allow for continued use of consultant services through the end of A.6
Packet Pg. 55
FY24/25.
The new amount of this Agreement will increase the existing Purchase Order, as needed, to cover the external planning entitlement and plan check service consultant costs.
DISCUSSION
The Planning Division initially entered into a $50,000.00 contract with Civic Solutions, Inc., for assistance with entitlement activities as the Division is seeing the largest number of new applications being submitted in well over a decade. External planning entitlement and plan check services are necessary as the continued, high demand for application processing plan check services is expected to continue over the term of the Agreement.
Consultant services in the Planning Division are used to augm ent internal staffing resources, particularly during heavy workload periods, to ensure timely entitlement application processing, environmental review, and overall customer service.
The requested $5 00,000 increase and budget adjustment is to cover increas ed entitlement and plan check services and will allow the Division to meet current and projected expenditure and revenue levels through FY24/25. Funds allocated are recovered from fees paid by project applicants.
ALTERNATIVES
1. Approve the recommended actions as presented in this staff report . This alternate is recommended by staff as it continues the existing level of professional and timely development services to deliver high-quality development projects.
2. Do not approve the recommended actions as prese nted in this staff report . This alternative is not recommended by staff and would cause delays at all levels of the entitlement process for development projects.
FISCAL IMPACT
There is no additional impact projected for the General Fund. Additional consu ltant costs will be fully offset by fees collected on applications.
The following sets forth the recommended revenue and expenditure budget adjustments. The future budget adjustments will be estimated and completed through year-end budget carryover or qua rterly budget adjustments to allow for projected expenditure and revenue levels through FY24/25.
Description Fund GL Account
Project Number Type
FY22/23
Amended
Budget
FY22/23
Proposed
Adjustment
FY22/23
Revised
Budget
A.6
Packet Pg. 56
Planning Fees General
Fund
1010-20-27-20211-525000 REV $2,100,000 $ 500,000 $2,600,000 Contractual Svcs - Other General
Fund
1010-20-27-20211-625099 EXP $ 865,000 $ 500,000 $ 1,365,000
NOTIFICATION
Publication of the Agenda.
PREPARATION OF STAFF REPORT
Prepared By: Department Head Approval:
Sean Kelleher Manuel A. Mancha
Planning Official Community Development Director
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.
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
ATTACHMENTS
To view large attachments, please click your “bookmarks” on the left hand side of this document for the necessary attachment.
1. First Amendment to Agreement - Civic Solutions
A.6
Packet Pg. 57
APPROVALS
Budget Officer Approval ✓ Approved . 2/15/23 7:52 AM City Attorney Approval ✓ Approved .
City Manager Approval ✓ Approved . 2/15/23 9:28 AM A.6
Packet Pg. 58
FIRST AMENDMENT TO AGREEMENT
FOR ON-SITE AND/OR PROFESSIONAL SERVICES (DESIGN PROFESSIONAL SERVICES) The First Amendment to Agreement is by and between the CITY OF MORENO VALLEY, a municipal corporation, hereinafter referred to as “City,” and CIVIC SOLUTIONS, INC. , hereinafter referred to as “Consultant.” This First Amendment to Agreement is made and entered into effective on the date the City signs this Amendment.
RECITALS:
Whereas, the City and Consultant entered into an Agreement entitled “AGREEMENT FOR ON-SITE AND/OR PROFESSIONAL SERVICES (DESIGN PROFESSIONAL SERVICES)” hereinafter referred to as “Agreement,” dated June 22, 2022.
Whereas, the Consultant is providing Planning consultant services on an as-needed basis.
Whereas, it is desirable to amend the Agreement to extend the term of the Agreement and increase the Consultant’s “not-exceed” fee as is more particularly described in Section 1 of this First Amendment.
SECTION 1 AMENDMENT TO ORIGINAL AGREEMENT:
1.1 The Agreement termination date of June 30, 2023 is extended by this Amendment to June 30, 2025.
1.2 The total “Not-to-Exceed” fee for this contract is $550,000.00 ($50,000.00 for the original Agreement plus $500,000 for this First Amendment) pursuant to Exhibit “C” of the original agreement.
SECTION 2
2.1 Except as otherwise specifically provided in this Amendment, all other terms and conditions of the Agreement shall remain in full force and effect.
SECTION 3
3.1 In the event any action, suit or proceeding is brought for the enforcement of, or the declaration of any right or obligation pursuant to this Amendment or as a result of any alleged breach of any provision of this Amendment, the prevailing party in such suit or proceeding shall A.6.a
Packet Pg. 59
Attachment: First Amendment to Agreement - Civic Solutions [Revision 2] (6099 : APPROVAL OF FIRST AMENDMENT TO AGREEMENT WITH
FIRST AMENDMENT TO AGREEMENT FOR ON-SITE AND/OR PROFESSIONAL SERVICES (DESIGN PROFESSIONAL SERVICES)
be entitled to recover its costs and expenses, including reasonable attorney's fees, and any judgment or decree rendered in such a proceeding shall include an award thereof.
SECTION 4
4.1 This Amendment may be executed in several counterparts, each of which shall be deemed to be an original and shall constitute one and the same instrument and shall become binding upon the Parties when at least a copy hereof shall have been signed by the Parties hereto.
All electronic signatures shall be deemed to be one and the same as original signatures.
SECTION 5
5.1 In the event there exists any conflicts between the terms of this Amendment and the Agreement, the terms of this Amendment shall be superseding.
SIGNATURE PAGE TO FOLLOW
A.6.a
Packet Pg. 60
Attachment: First Amendment to Agreement - Civic Solutions [Revision 2] (6099 : APPROVAL OF FIRST AMENDMENT TO AGREEMENT WITH
FIRST AMENDMENT TO AGREEMENT FOR ON-SITE AND/OR PROFESSIONAL SERVICES (DESIGN PROFESSIONAL SERVICES)
IN WITNESS HEREOF, the parties have each caused their authorized representative to execute this Agreement.
City of Moreno Valley Civic Solutions, Inc.
By:
Mike Lee, City Manager
Date:
By:
Title:
(President of Vice President)
Date:
By:
Title:
(Corporate Secretary)
Date:
INTERNAL USE ONLY
APPROVED AS TO FORM:
City Attorney
Date
RECOMMENDED FOR APPROVAL:
Department Head
Date
A.6.a
Packet Pg. 61
Attachment: First Amendment to Agreement - Civic Solutions [Revision 2] (6099 : APPROVAL OF FIRST AMENDMENT TO AGREEMENT WITH
Report to City Council
ID#6106 Page 1
TO: Mayor and City Council
FROM: Mike Lee, City Manager
AGENDA DATE: February 21, 2023
TITLE: COLLEGE PROMISE MEMORANDUM OF
UNDERSTANDING
RECOMMENDED ACTION
Recommendations:
1. Approve the Memorandum of Understanding (MOU) between the City of Moreno Valley (City) and the Riverside Community College District Foundation acting on behalf of Moreno Valley College (College) allowing for the allocation of $100,000 to support the College Promise Initiative for two academic years.
2. Authorize the City Manager to execute the MOU as to form and all necessary documents with the College.
SUMMARY
This report recommends an approval of the MOU between the City of Moreno Valley and the Riverside Community College Foundation for the continuation of the College Promise Initiative operated by Moreno Valley College. The report outlines the duties of the parties and authorizes the expenditure from the City to the College in the amount of $50,000 for fiscal year 2023-2024 and 2024-2025 for a total of $100,000.
DISCUSSION
On August 15, 2017, the Moreno Valley City Council approved an MOU with the Riverside Community College District making a $50,000 commitment to Moreno Valley students enrolled at Moreno Valley College through the College Promise Initiative.
Since that time the City Council has supported the program with an annual $50,000 commitment solidifying a strong partnership between the City and the College to support students as they pursue their educational goals to receive an Associate’s degree, transfer to a four–year university and/or complete eligible Career and Technical A.7
Packet Pg. 62
Education programs.
The College Promise program, also known as the First Year Experience Program, provides a bridge allowing Moreno Valley high school students enrolled at Moreno Valley Unified and Val Verde Unified School Districts to successfully transfer into College life. The program provides for gap funding to offset first year college expenses such as tuition, fees and textbooks. Serving some of the neediest students on campus, many of who m are the first in their families to attend college, the program also offers advanced services such as access to counselors and student support services.
The program serves as a prime example of the positive benefits to the individual and the community a t large when key institutions partner for student success. As such, the program was awarded a 2018 Program Award of Excellence by the California Association for Local Economic Development (CALED) reinforcing the City’s investment in students as a key economic engine driving the local economy.
As the Coronavirus pandemic continues to affect local economies, the College Promise Initiative is more critical than ever as California’s Community College students prove to be more vulnerable as they manage family, school and work responsibilities making them more susceptible to dropping out and in need of support services like online tutoring, virtual mental health services, academic counseling and social services like on- campus food pantries.
The College Promise program provides much needed support to Moreno Valley College students at a time of great uncertainty allowing for students to stay connected to school, critical support services and a future made more secure with education.
ALTERNATIVES
1. Approve the attached MOU and authorize staff to execute all necessary documents with the College for the operation of the College Promise Program. This alternative will allow for the continued partnership and support to eligible Moreno Valley residents enrolled at Mor eno Valley College and support the City’s economic and workforce efforts to increase educational attainment and train the future workforce.
Staff recommends this alternative.
2. Decline to approve the attached MOU and decline to authorize staff to execute th e supporting documents. This alternative will result in the end of the City’s financial support for the College Promise program and result in reduced funding for eligible Moreno Valley residents seeking to benefit from the program and may result in an ultimate reduction in completion rates at the College. Staff does not recommend this alternative.
FISCAL IMPACT
A.7
Packet Pg. 63
Funding to operate the College Promise Initiative to be included in the City’s 2023 - 2024/2024-2025 budget (Community Foundation funds). No addit ional funds are required.
NOTIFICATION
Publication of the Agenda
PREPARATION OF STAFF REPORT
Prepared By: Department Head Approval:
Keith Gemmell Mike Lee
Business & Workforce Development Division Manager City Manager
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.
Positive Environment. Create a positive environment for the development of Moreno Valley's future.
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
To view large attachments, please click your “bookmarks” on the left hand side of this document for the necessary attachment.
1. Memorandum of Understanding
APPROVALS
Budget Officer Approval ✓ Approved . 2/15/23 7:57 AM City Attorney Approval ✓ Approved .
City Manager Approval ✓ Approved . 2/15/23 9:25 AM A.7
Packet Pg. 64
1 | Page Moreno Valley College Promise Initiative
MEMORANDUM OF UNDERSTANDING
BY AND BETWEEN
THE CITY OF MORENO VALLEY,
RIVERSIDE COMMUNITY COLLEGE DISTRICT FOUNDATION
AND
MORENO VALLEY COLLEGE
MORENO VALLEY COLLEGE PROMISE INITIATIVE
THIS MEMORANDUM OF UNDERSTANDING (“MOU”) is entered int o this ________ day of February 2023 , by and between the City of Moreno Valley (“City”), the Riverside Community College District Foundation (“RCCD Foundation”) and Moreno Valley College (“College”), collectively referred herein as “the Parties.”
RECITALS
WHEREAS, the Moreno Valley College Promise Initiative ensures that a college degree is an achievable goal for students in need and provides enrolled students financial assistance and ongoing academic guidance; and
WHEREAS, t he Promise Initiative for the 2023-24and 2024-25 academic year s is a commitment to help students complete their associate degree requirements, transfer requirements, and/or workforce certificate requirements in a timely and efficient manner; and
WHEREAS, d onations for the Promise Initiative are accepted through the RCCD Foundation; and
WHEREAS, the Parties have a mutual interest in providing the residents of Moreno Valley with educational opportunities and advancement for the purpose of improving the quality of life for residents and the community at large and the Parties also mutually believe education is the greatest pathway to greater success and opportunity; and WHEREAS, although the College provides a quality education for students at a relatively affordable cost, many residents still find it difficult to pay such costs due to the challenges presented by the COVID-19 Pandemic and other economic challenges beyond their control; and
WHEREAS, the Moreno Valley City Council desires to enhance local residents’ access to a college education, in recognition of the overall benefits a higher number of college educated residents bring to the community at large; and
WHEREAS, in light of the foregoing, the City Council has determined that it serves a legitimate governmental purpose to enhance and facilitate local residents’ access to the educational opportunities provided by the College through the City’s participation, sponsorship and support of the College's Promise Initiative.
A.7.a
Packet Pg. 65
Attachment: Memorandum of Understanding (6106 : COLLEGE PROMISE MEMORANDUM OF UNDERSTANDING) 2 | Page Moreno Valley College Promise Initiative
NOW THEREFORE, the Parties understand and agree as follows:
Section 1. General Terms and Conditions
The following terms and conditions shall apply to the funds described in this MOU:
The City shall donate via the RCCD Foundation a total of FIFTY THOUSAND DOLLARS ($50,000) per academic year to the Moreno Valley College Promise Initiative to be used as source of financial aid and assistance for residents of Moreno Valley who are currently enrolled as Moreno Valley College students and participants in the College Promise Initiative.
a)
Any financial aid or assistance provided to an eligible student pursuant to the terms and conditions of this MOU may only be used to pay the cost of tuition/registration and books not covered by other public or private financial aid/assistance programs.
b) An eligible student be a resident of the City for the twelve (12) consecutive months preceding the date the student applies for any financial aid or assistance provided under this MOU, and the student shall remain a current resident of the City during the academic year in which he or she has received any funding under this MOU.
c) To maintain eligibility for any financial aid or assistance under this MOU, an eligible student must be in good standing at the College (not on suspension, expelled, etc.) and maintain compliance with all applicable requirements and standards set forth in the Promise Initiative.
d) Any eligible student who receives any financial aid or assistance under this MOU must complete the academic period for which funding has been received in good standing (not on suspension, expelled, etc.).
e) If a student, who has received funding under this MOU, does not complete the academic period for which funding has been received in good standing, the student shall be deemed ineligible to apply for and receive any additional financial aid or assistance under this MOU.
Section 2. RCCD Foundation and College Responsibilities
The RCCD Foundation and the College shall have the following responsibilities:
a) The RCCD Foundation and/or the College shall be responsible for determining eligibility, awarding and distributing the funds provided under this MOU to eligible students.
b) The College shall determine specifically how the funds may be used by an eligible student consistent with the applicable terms and conditions of this MOU.
c) The College shall collect certain data pertaining to the eligible students who receive A.7.a
Packet Pg. 66
Attachment: Memorandum of Understanding (6106 : COLLEGE PROMISE MEMORANDUM OF UNDERSTANDING) 3 | Page Moreno Valley College Promise Initiative
assistance under this MOU, related to the students’ academic success rates, demographics, and use of funds. Such data shall be provided to the City on a periodic basis as determined by City, which the City shall use for auditing purposes and for determining whether the City needs to make any necessary revisions to the financial aid and assistance program as set forth and described in this MOU for subsequent academic years.
d) The College shall require all eligible students prior to being awarded any funds under this MOU to execute a FERPA release and waiver that will allow the College to collect the necessary information for the data the Coll ege is oblig ated to pro vide to the City under this MOU.
e) The
College shall provide the City with a Partnership Letter acknowledging the City's contribution to and participation in the Promise Initiative.
f) The College shall provide regular updates to the City and the City Council on the impact this MOU has on the students who have receive funding under the terms and conditions of this MOU.
g) The College shall provide both academic counseling and financial aid guidance to eligible students to ensure that the financial aid and assistance set forth in this MOU are made available to those promising students with an urgent need of financial support for tuition/registration and/or textbooks.
Section 3. Indemnification
Except as to the sole negligence or willful misconduct of the City, the RCCD Foundation and the College agree to indemnify, protect and hold harmless the City from and against any claim for damage, charge, lawsuit, action, judicial, administrative, regulatory or arbitration proceeding, damage, cost, expense (including counsel fees), judgement, civil fine and penalties, liabilities or losses of any kind, whether actual, threatened or alleged, which arise out of, pertain to, or relate to, or are a consequence of the performance of or under this MOU. This indemnification shall apply to any acts, omissions, negligence, recklessness, or willful misconduct, whether active or passive, on the part of the College or anyone employed by or working on behalf of the College.
Section 4. Entire Understanding
This MOU constitutes the final, complete and exclusive statement of the terms of the understanding between the City, the RCCD Foundation, and the College pertaining to the subject matter of this MOU, and supersedes all prior and contemporaneous understandings or agreements of the Parties.
Section 5. Amendments
This MOU may be modified or amended only by a signed, written agreement executed by A.7.a
Packet Pg. 67
Attachment: Memorandum of Understanding (6106 : COLLEGE PROMISE MEMORANDUM OF UNDERSTANDING) 4 | Page Moreno Valley College Promise Initiative
the City, the RCCD Foundation, and the College.
Section 6. Term
The term of the MOU shall be two years designated to cover the 2023-24 and 2024-25 academic years.
Section 7. Waiver
No action or failure to act by either Party shall constitute a waiver of any right or duty afforded under this MOU, nor shall any such action or failure to act constitute approval of or acquiescence in any breach thereafter, except as may be specifically agreed in writing.
Section 8. California Law
This MOU shall be governed by and construed in accordance with the laws of the State of California.
Section 9. Venue
Any action at law or in equity brought by either of the Parties for the purpose of enforcing this MOU shall be brought in a court of competent jurisdiction in the County of Riverside, California, and the Parties hereby waive all provisions of law providing for a change of venue to any other county.
IN WITNESS WHEREOF , the City, the College and the RCCD Foundation have caused this MOU to be duly executed as of the day and year as first written above.
_____________________________ _____________________________ Mike Lee, City Manager Dr. Robin Steinback, President City of Moreno Valley Moreno Valley College
_____________________________
Wendy Johnson, Interim Executive Director
RCCD Foundation
Attest: Approved as to form:
______________________________ _____________________________ Jane Halstead, City Clerk Steve Quintanilla, Interim City Attorney City of Moreno Valley City of Moreno Valley
A.7.a
Packet Pg. 68
Attachment: Memorandum of Understanding (6106 : COLLEGE PROMISE MEMORANDUM OF UNDERSTANDING)
Report to City Council
ID#6122 Page 1
TO: Mayor and City Council
FROM: Mike Lee, City Manager
AGENDA DATE: February 21, 2023
TITLE: MARCH JOINT POWERS AUTHORITY SUNSETTING
AGREEMENTS
RECOMMENDED ACTION
Recommendations: That the City Council:
1. Authorize the execution of the Fourteenth A mendment to the Joint Powers Agreement among the Member Agencies (“Fourteenth Amendment”) relating to March Joint Powers Authority (“Authority”) in substantial conformance to the form attached herewith as Exhibit A;
2. Authorize the execution of a Tax and Revenue Sharing Agreement (“Agreement”) among the Cities of Moreno Valley, Perris, and Riverside (“Cities”) and the County of Riverside (“County”) (collectively known as “Member Agencies”) in substantial conformance to the form attached herewith as Exhibit B; and
3. Authorize the City Manager to execute subsequent amendments to effectuate said agreements.
BACKGROUND
The Authority was established in 1993 through a Joint Powers Agreement between the Member Agencies that include the Cities of Moreno Valley, Per ris, and Riverside and the County of Riverside. The purpose of the Authority was to ensure the effective reuse of the former March Air Force Base, which was realigned from an active -duty base to a reserve base. Among the primary objectives for forming the Authority was to prevent the loss of thousands of jobs and millions of dollars, ensure the long -term viability of the airport, and facilitate economic development within the region. The former air base served as a critical economic generator for the regio n and in order to preserve its function as an operational, join -use airfield, the Authority was granted land use and public utility authority, and was later designated as the Successor Agency and March A.8
Packet Pg. 69
Inland Port Airport Authority. The Authority was also tasked with the provision of municipal services to the Authority area.
To date, the Authority has successfully overseen the reuse of many properties within the 3,500 -acre area. Tens of millions of dollars have been invested into development projects and improvements to critical infrastructure, including projects like the Heacock Channel, airport infrastructure projects and airport property improvements such as the VIP-215 Freeway Business Center and the Lateral B right of way project that will complete Ri verside County’s Perris Valley Drainage Plan. The Authority is also overseeing development of various development projects which provides extensive mixed-use, commercial, industrial, and open space uses. These projects have helped generate thousands of job s, expanded commercial, industrial, and recreational uses, and helped protect vital infrastructure that serves the greater region and the March Air Reserve Base. Based on a presentation provided by the Authority, more than 12,000 jobs have been created with 7,000 more expected, and more than $15 million generated in mitigation impact fees. The Authority continues to support the economic growth of the area and is currently overseeing about 1,000 acres of development still in progress, including significant development of airport property for commercial uses.
DISCUSSION
The Authority has been very successful in achieving its mission, with most of the remaining properties under contract and the Airport stabilized and performing well.
Recognizing this mileston e in the strategic repositioning of the former Base, the March Joint Powers Commission directed staff to commence the process to sunset the Authority and divide assets among the Member Agencies where possible. At the time of formation, the Member Agencies did not formalize a process for the sunsetting of the Authority and therefore the Commission utilized the Authority Technical Advisory Committee (“TAC”) to help guide the process for sunsetting, including distribution of assets and protection of existing contracts and responsibilities.
Since late 2020, the TAC, which includes representatives from each Member Agency, has been in discussions on how to best sunset the Authority. These discussions have led to the development of the Tax and Revenue Sharing Agre ement and the Fourteenth Amendment to the Joint Powers Agreement, described in detail below. Together, these documents outline the distribution of land sale assets, which have been collected by the Authority, and tax revenues, which have been collected by the County of Riverside.
The documents also provide direction for the transfer of non -airport duties to the County and the retention of the March Inland Port Airport Authority as the agency responsible for continued airport operations.
The Fourteenth Amendment to the Joint Powers Agreement
The Fourteenth Amendment (“Amendment”) addresses the future completion of the land use redevelopment phase of the original Joint Powers Agreement purpose. The Amendment also transitions the Member Agencies into a new phase of inter - governmental cooperation in the operation and management of the March Inland Port A.8
Packet Pg. 70
Airport. On July 1, 2025, the Fourteenth Amendment triggers the following changes to the governance of the Authority’s boundary:
▪ Removes the Authority’s lan d use and municipal service obligations, leaving those obligations to the County because the Authority’s boundary is unincorporated.
Compensation to the County for assuming these obligations, as well as distribution of tax revenues, is outlined in the Tax Sharing and Revenue Agreement.
▪ Retains the March Inland Port Airport Authority as the entity responsible for the continuing management and operation of March Inland Port Airport. The Fourteenth Amendment also grants to the Airport Authority all the rig hts, powers, and duties related to the operation of the March Inland Port Airport, including authority for airport master planning and authority to collect and retain, for airport purposes, any and all lease revenues from airport properties.
▪ Transitions t he March Inland Port Airport Authority to serve as the Successor Agency of the former March Joint Powers Redevelopment Agency to ensure that bond debt reporting and repayment activities are unaffected.
▪ Any fund balance, revenues, land sale proceeds, rents , profits or issues derived by, or on behalf of the Authority that are not required as part of the Fourteenth Amendment are to be shared and distributed equally to the parties in the agreement (County of Riverside, City of Perris, City of Riverside, City o f Moreno Valley). Based on preliminary estimates, Authority staff anticipates having roughly $87 million in existing assets and incoming land sale payments between 2022 -2035, which would be distributed equally above any costs required for Authority administration.
The Tax and Revenue Sharing Agreement
With the transition of the Authority to an Airport Authority, tax revenues currently collected by the County as well as certain assets held by the Authority will be available for distribution among the Memb er Agencies. To determine how the funds shall be distributed and to compensate the County for the cost of providing municipal services, the Member Agencies have worked together to develop the proposed Tax and Revenue Sharing Agreement (“Agreement”).
Under the Agreement, the County and Cities would divide revenues currently collected by the County, starting in Fiscal Year (“FY”) 2023/24. As outlined in Section 2 of the proposed Agreement, the revenues subject to distribution include the following:
▪ The County’s share of residual Redevelopment Property Tax Trust Fund (“RPTTF”) revenues, net of the County’s cost of services provided in the Authority area,
▪ Sales Taxes collected on properties within the Authority area,
▪ Transient Occupancy Taxes (“TOT”) co llected on hotels within the Authority area, and
A.8
Packet Pg. 71
▪ Franchise Fees collected within the Authority area
The Member Agencies have agreed that a portion of RPTTF revenues shall be given to the County for providing services in an amount based on the actual cos t of services in FY 2020/21 (estimated at $2.4 million) and increased annually by the rate of increase in local Consumer Price index (“CPI”).
An additional portion of RPTTF revenues shall be paid to the Cities of Moreno Valley and Riverside to reimburse those Cities for RPTTF lost due to constituent property owners within the Authority boundary . The remaining RPTTF shall be split between all members with the County receiving 75% and the Cities splitting 25% equally (8.33% per member City).
Sales Taxes, TOT, and Franchise Fees shall be split equally among all Member Agencies (25% each).
Table 1 below provides an estimate of how much each Member Agency could expect to receive in the first year of the Agreement, FY 2023/24.
Property Taxes: RSG estimat es that the Authority area will generate approximately $11.1 million in RPTTF in FY 2023/24. County service costs estimated at $2.6 million and replenishment RPTTF of $832,914 for City of Moreno Valley and $783 for City of Riverside will be taken off the t op of the total RPTTF. The remaining property tax will be split with the County receiving 75%, roughly $5.7 million, and each City receiving 8.33%, roughly $638,126.
Sales Taxes, TOT, and Franchise Fees are estimated at $4.9 million for FY 2023/24, whic h split evenly among the Member Agencies is about $1.2 million each.
These estimates are based on actual FY 2021/22 Apportionment Reports published by the Riverside County Auditor Controller to calculate RPTTF, Authority financial reports on TOT and Franc hise Fee estimates, as well as Sales Tax estimates provided by the County and have been inflated to account for growth in FY 2023/24. It should be noted that these projections may vary dependent on market fluctuations and rate of economic growth within the Authority area.
Table 1: Total funds distributed in the first year of the Agreement Member Agency FY 2023-24
County (net of County service costs) $ 6,968,533
Moreno Valley $ 2,696,436
Perris $ 1,863,522
Riverside $ 1,864,305
A.8
Packet Pg. 72
Subtotal $ 13,392,796
1. RPTTF shall be distributed in January of each year and other revenues in June.
2. These amounts do not include land sale proceeds, which shall be split evenly among the Agencies.
The Agreement shall remain in effect until August 1, 2041, at the ti me that the Successor Agency’s debt service is retired. At the expiration of the Agreement term, the Member Agencies may proceed with efforts to annex Authority territories or they could agree to extend the Agreement.
Annexations: The Member Agencies hav e agreed not to engage in efforts to annex territories or encourage the third -party private annexation of territories throughout the duration of the Agreement. Any member who disregards this part of the Agreement shall be required to reimburse to the Coun ty any payments made under this Agreement to date and shall not receive any further payments. The County shall redistribute the reimbursement equally among all non -violating Member Agencies. If any third -party initiates annexation of Authority property int o one of the City jurisdictions, the Member Agency annexing that property shall pay to the County any property, sales, or transient occupancy taxes generated by the property, which the County shall distribute among all remaining Member Agencies in accordance with this Agreement’s formula.
Each Member Agency is responsible for their own compliance with the conditions of the Agreement. The County shall be responsible for issuing payments to each of the Cities for their shares of tax revenues on a twice -annual basis, with payments due on or before April 1st and October 1st of each year. The first payment under the Agreement is scheduled to be made on or before April 1, 2024, for receipts during the period July 1 through December 31, 2023.
The Fourteenth Amen dment and the Tax and Revenue Sharing Agreement become effective on the date the later of the following events occur:
1. The execution of the Fourteenth Amendment by all the Member Agencies;
2. The execution of the Agreement by all the Member Agencies; or
3. The execution of an amendment to the Municipal Services Agreement between the County and the Authority to end County payments to the Authority.
ALTERNATIVES
1. Authorize the execution of the Fourteenth Amendment to the Joint Powers Agreement, Authorize the execution of a Tax and Revenue Sharing Agreement, and Authorize the City Manager to execute subsequent amendments. THIS
ALTERNATIVE RECOMMENDED BY STAFF
2. Decline to authorize the execution of the Fourteenth Amendment to the Joint Powers Agreement and the Tax and Revenue Sharing Agreement.
FISCAL IMPACT
It is estimated that the City of Moreno Valley will receive approximately $2.6 million in A.8
Packet Pg. 73
FY 2023/24, increasing thereafter as more tax generating businesses open within the Authority territory. Additional one -time revenues from land sale proceeds can generate upwards of $22.25 million.
PREPARATION OF STAFF REPORT
Prepared By: Department Head Approval:
Michele Patterson Mike Lee
Economic Development Manager City Manager
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 Facilities and Capi tal 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 I mage, 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
ATTACHMENTS
To view large attachments , please click your “bookmarks” on the left hand side of this document for the necessary attachment.
1. MJPA Agreement Fourteenth Amendment
2. MJPA Tax and Revenue Sharing Agreement
APPROVALS
A.8
Packet Pg. 74
Budget Officer Approval ✓ Approved . 2/15/23 8:01 AM City Attorney Approval ✓ Approved .
City Manager Approval ✓ Approved . 2/15/23 9:30 AM A.8
Packet Pg. 75
Report to City Council
ID#6134 Page 1
TO: Mayor and City Council
FROM: Brian Mohan, Assistant City Manager
AGENDA DATE: February 21, 2023
TITLE: AUTHORIZE THE PURCHASE OF AN ELECTRIC CARGO
VAN FOR THE SOLID WASTE PROGRAM
RECOMMENDED ACTION
Recommendations:
1. Authorize the purchase of a 2022/2023 Electric Cargo Van to support the Solid Waste & Recycling program.
2. Authorized the Purchasing & Sustainability Division Manager to issue a Purchase Order to a vendor that has an Electric Cargo Van for sale that meets the needed specifications for $75,000 plus sales tax, shipping, and modifications.
3. Authorize the City Manager or designee to execute the sales agreement and any needed amendments with the selected vendor that has an Electric Cargo Van, with required specifications, available for sale.
4. Authorize the use of the sole source procurement process since inventory and manufacturers Electric Cargo Van’s are extremely limited.
SUMMARY
This report recommends City Council’s approval to purchase a 2022/2023 Electric Cargo Van (EV Van) for the S olid Waste & Recycling Program for $75,000 (plus tax, shipping, and modifications ), authorize the Purchasing & Sustainability Division Manager to issue a Purchase Order to the selected vendor using the sole source procurement process, and authorize the Cit y Manager or designee to execute the sales agreement.
This purchase is recommended to be funded with existing Council approved FY22/23 General Fund (1010) budget allocated for the Solid Waste & Recycling program.
A.9
Packet Pg. 76
DISCUSSION
In recent years, the State o f California has expanded its recycling efforts through various mandates that has had a direct impact on local municipalities . These mandates have required the expansion of the City’s solid waste & recycling programs. In an effort to meet requirements set by the State and enforced by Calrecycle, t he Solid Waste & Recycling team has enhanced its marketing and educational efforts by increasing visibility in the community and at City events. The promotional and educations materials have grown, as additional re cycling programs were added, needing more space to transport those items.
Currently, the Solid Waste & Recycling team has a 2018 Ford Taurus sedan assigned to assist the team with its outreach efforts. During staff’s assessment of the type of vehicle that would best support the program, a van was determined to best meet the needs of the program . And, to coincide with enhancing environmentally friendly efforts and align with regulatory requirement an EV Van was selected.
During the initial search of availa ble inventory of EV Van’s, staff verified there wasn’t sufficient inventory available nationwide. Considering that an extended lead time will be required to procure this vehicle, staff is requesting authority to procure an EV Van, when one is located that meets the required specifications needed to best support the program. It was also determined that EV Vans can retail for $50,000 - $70,000, not including taxes, modifications, or shipping, if needed.
Because these vehicles appear to be a sought -out commodity and of limited availability, staff is requesting the use of a sole source procurement process, bypassing the need for a formal bid solicitation. Staff is also requesting pre -authorization to purchase the vehicle before the vendor is known, allowing fo r a faster turnaround to make payment once a vehicle is located. Manufacturers of EV Van’s are only allowing for limited orders and with current wait lists, the lead time on receiving pre -orders are 18 -24 months. As those lead times are not feasible for cu rrent operations, staff has found a few dealerships that have very limited inventory of used EV Van’s with very low milage (6,000 or less), that may meet the needs of the program. Either way, when a vehicle is located (pre-order or used), staff will need t o procure the vehicle as fast as possible, to beat out other potential buyers.
If granted authority, Solid Waste and Fleet staff will make every effort to find the most competitive pricing and highest quality equipment, with the best value.
ALTERNATIVES
1. Approve and authorize the recommended actions as presented in this staff report.
Staff recommends this action as it will allow the City to procure the vehicle more efficiently as inventory becomes available.
2. Reject any or all of the recommended actions as presented in this staff report. Staff A.9
Packet Pg. 77
does not recommend this action as it makes it difficult to procure the needed vehicle.
FISCAL IMPACT
With City Council’s approval of the FY22/23 General Fund budget allocation for the Solid Waste & Recycling program , staff is not requesting an additional appropriation for this purchase.
NOTIFICATION
None.
PREPARATION OF STAFF REPORT
Prepared By: Department Head Approval:
Felicia London Brian Mohan
Purchasing & Sustainability Division Manager Assistant City Manager/CFO/Treasurer
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
To view large attachm ents, please click your “bookmarks” on the left hand side of this document for the necessary attachment.
1. 2023 Ford E-Transit 350 Low Roof RWD - $73,525
2. 2022 Ford E-Transit Cargo Van North Hills, Los Angeles, CA $66,012
APPROVALS
Budget Officer Approval ✓ Approved . 2/15/23 1:55 PM City Attorney Approval ✓ Approved .
City Manager Approval ✓ Approved . 2/15/23 2:12 PM A.9
Packet Pg. 78
2/10/23, 12:54 PM 2023 Ford E-Transit 350 Low Roof RWD - $73,525 https://www.cargurus.com/Cars/inventorylisting/vdp.action?listingId=346825741&entitySelectingHelper.selectedEntity=d3114&pid=view_vdp_listing_bt… 1/6 Buy Sell Finance Research
Home / Used Cars / Ford E-Transit
2023 Ford E-Transit 350 Low Roof RWD - $73,525
Woodland Hills, CA
Features
Mileage
32 Drivetrain
Rear-Wheel Drive
Exterior color
White
Interior color
Gray
We are online
Contact dealer (818) 619-2580
Hello, my name is First name
Last name and
I'd like to know your best … 2023
Ford E-Transit. I'm in the ZIP area.
You can reach me by email at
Email Address or
by phone at 123-456-7890 (optional)
Thank you!
Add comments
Email me new listings for my search
Sign in / Register
158 New
54 UsedVista Ford Woodland Hills (818) 740-5743
21501 Ventura Blvd, Woodland Hills, CA 91364
View Our Available Inventory Today!
All results
$52,499
$52,565
Send message
Chat
2023 Ford E-Tra…
Mileage: 32 ·
Woodland Hills, CA
$73,525
A.9.a
Packet Pg. 79
Attachment: 2023 Ford E-Transit 350 Low Roof RWD - $73,525 (6134 : AUTHORIZE THE PURCHASE OF AN ELECTRIC CARGO VAN FOR THE 2/10/23, 12:54 PM 2023 Ford E-Transit 350 Low Roof RWD - $73,525 - CarGurus https://www.cargurus.com/Cars/inventorylisting/vdp.action?listingId=346825741&entitySelectingHelper.selectedEntity=d3114&pid=view_vdp_listing_bt… 2/6 Fuel type
Electric
Transmission
Automatic
Battery range
126 mi Bluetooth
Finance in Advance
No Impact on Your
Credit Score
Only Takes Minutes Personalized Real
Rates
Overview
Battery specs
Performance
By submitting my contact information on CarGurus, I
agree to receive communications from CarGurus, from
the vehicle’s seller, and from the seller’s agent(s). If I include my phone number, I agree to receive calls and text messages (including via automation). I can opt out at any time. I also agree to the Terms of Use and Privacy Policy, which explain how my data is used to better understand
my vehicle shopping interests. This consent is not
required as a condition of purchase. Standard message
and data rates may apply.
Advertisements
Pre-qualify for nancing with no impact to
your credit score.
View nancing options
Make: Ford
Model: E-Transit
Year: 2023
Trim: 350 Low Roof RWD
Body type: Van
Exterior color: White
Interior color: Gray
Mileage: 32 mi
Condition: New
VIN: 1FTBW1YK9PKA43379
Stock number: 230043
158 New
54 Used
View Our Available
Inventory Today!
Vista Ford Woodland Hills
21501 Ventura Blvd, Woodland Hills, CA
91364
(818) 740-5743
2023 Ford E-Tra…
Mileage: 32 ·
Woodland Hills, CA
$73,525
A.9.a
Packet Pg. 80
Attachment: 2023 Ford E-Transit 350 Low Roof RWD - $73,525 (6134 : AUTHORIZE THE PURCHASE OF AN ELECTRIC CARGO VAN FOR THE 2/10/23, 12:57 PM 2022 Ford E-Transit Cargo Van North Hills, Los Angeles, CA 1FTBW3XK2NKA05146 https://www.galpinford.com/inventory/used-vehicles/vehicle/1FTBW3XK2NKA05146?store=101931&gclid=CjwKCAiA85efBhBbEiwAD7oLQNN6Q5UR… 1/3 Back to Search Results
2022 Ford E-Transit Cargo Van T-350 148" EL HI RF9500 GVWR RWD near Los Angeles, CA ExteriorOxford White
InteriorDARK PALAZZO GRAY
Your Price $66,012
SEE PAYMENT OPTIONS GET MORE INFORMATION
SCHEDULE TEST DRIVEAPPLY FOR FINANCING
VALUE YOUR TRADE CALL ME NOW ABOUT THIS VE…
Mileage: 1,459Drivetrain: Rear Wheel DriveExt. Color: Oxford WhiteTrans: 1-SPEEDTRANSMISSIONInt. Color: DARK PALAZZO … Stock #: PL221227Fuel Type: ElectricVIN:1FTBW3XK2NKA05146Location: Galpin Ford Used Call Us
(818) 722-2192
Save Share Tweet Calculator WindowSticker
Vehicle Description
Vehicle Location
Galpin Ford Used15445 Roscoe Blvd.North Hills, CA 91343 Map
B
A.9.b
Packet Pg. 81
Attachment: 2022 Ford E-Transit Cargo Van North Hills, Los Angeles, CA $66,012 (6134 : AUTHORIZE THE PURCHASE OF AN ELECTRIC 2/10/23, 12:57 PM 2022 Ford E-Transit Cargo Van North Hills, Los Angeles, CA 1FTBW3XK2NKA05146 https://www.galpinford.com/inventory/used-vehicles/vehicle/1FTBW3XK2NKA05146?store=101931&gclid=CjwKCAiA85efBhBbEiwAD7oLQNN6Q5UR… 2/3 Come down to Galpin Ford to see this 2022 FordE-Transit Cargo Van T-350 148" EL Hi Rf 9500GVWR RWD. It's an excellent vehicle at anaffordable price that won't last much longer!Coming well equipped with options such asAutomatic Emergency Braking, USB Port, LaneDeparture Warning, Dual Climate Control,Navigation System, Rain Sensing Front Wipers,Backup Camera, Keyless Entry, Tow Hooks,Bluetooth®, Auxiliary Input, Power Outlet, WIFI Hotspot, Traction Control and Stability Control.With a Oxford White exterior, this vehicle will standout from all the others. We are ready to answerany questions you may have. The Team at Galpinhas outstanding customer service that will leaveyou completely satisfied. We know that you havehigh expectations, and we enjoy the challenge ofmeeting and exceeding them! Come by thedealership today to find the vehicle you have beensearching for at the price you can afford!
ENTERTAINMENT
INTERIOR
MECHANICAL
SAFETY
EXTERIOR
TECH SPECS
1 LCD Monitor In The FrontBluetooth® Wireless Phone ConnectivityFixed Antenna Radio w/Seek-Scan, Clock and SteeringWheel ControlsStreaming Audio Standard Features
Vehicle Disclaimer
VEHICLE DATA
Certain specifications, prices and equipment data have been provided under license from Chrome Data Solutions (\'Chrome Data\'). © 2016 Chrome Data Solutions, LP. All Rights Reserved. This information is supplied for personal use only and may not be used for any commercial purpose whatsoever without the express written consent of Chrome Data. Chrome Data makes no guarantee or warranty, either expressed or implied, including without limitation any warranty of merchantability or fitness for particular purpose, with respect to the data presented here. All specifications, prices and equipment are subject to change without notice.
ESTIMATE MPG
EPA mileage ratings are supplied by Chrome Data Solutions, LP for comparison purposes only. Your actual mileage will vary, depending on how you drive and maintain your vehicle, driving conditions, battery pack age/condition (hybrid models only) and other factors.
PRICING
Vehicle pricing is believed to be accurate. Tax, title and registration are not included in prices shown unless otherwise stated. Manufacturer incentives may vary by region and are subject to change. Vehicle information & features are based upon standard equipment and may vary by vehicle. Monthly payments may be higher or lower based upon incentives, qualifying programs, credit qualifications, residency & fees. No claims, or warranties are made to guarantee the accuracy of vehicle pricing, payments or actual equipment. Call to confirm accuracy of any information.
MSRP
The amount shown as MSRP is for informational purposes only and is the Manufacturer’s Suggested Retail Price. This amount does not represent an advertised or selling price and does not include the price of any dealer added equipment. All advertised prices exclude government fees and taxes, any finance charges, any dealer document processing charge, any electronic filing charge and any emission testing charge. Colors, options and trim levels may vary. Not responsible for typographical errors. Specifications, features, safety and warranty data are based on what is available as standard specs/features per trim level, for the designated model-year, and may not apply to vehicles with added packages or options. See dealer for written warranty information. Dealer makes no guarantees or warranties, either expressly or implied, with respect to the accuracy of any data listed on this page which was obtained from third party sources. All specifications, equipment and information are subject to change without notice. Any information contained on this page should be used for informational purposes only. Galpin’s internet advertising is intended only for persons in California.
PRICE- New
All advertised prices exclude government fees and taxes, an $85 dealer document processing charge, $30 Electronic Filing Fee, and any emissions testing charge. Not responsible for typographical errors. Prices valid through today’s close of business. Subject to prior sale. Any information contained on this page should be used for informational purposes only. Galpin’s internet advertising is intended only for persons in California. B
A.9.b
Packet Pg. 82
Attachment: 2022 Ford E-Transit Cargo Van North Hills, Los Angeles, CA $66,012 (6134 : AUTHORIZE THE PURCHASE OF AN ELECTRIC
Report to City Council
ID#6126 Page 1
TO: Mayor and City Council
FROM: Brian Mohan, Assistant City Manager
AGENDA DATE: February 21, 2023
TITLE: RECEIPT OF QUARTERLY INVESTMENT REPORT FOR
THE QUARTER ENDED DECEMBER 31, 2022
RECOMMENDED ACTION
1. Receive and file the Quarterly Investment R eport for quarter ended December 31, 2022, in compliance with the City’s Investment Policy.
SUMMARY
The attached Quarterly Investment Report presents the City’s cash and investments for the quarter that ended December 31, 2022. This report is in complia nce 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 containe d 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 recommended that the City Council receive and file the attached Quarterly Investment Report.
DISCUSSION
The City maintains a portfolio of investments in order to earn interest on cash balances that are not currently required to fund operations. California Government Code Sections 53601 and 53646 establish the types of investments allowed, the gove rning restrictions on these investments, the third -party custodian arrangement for certain investments, 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 compliance with the 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 December 31, 2022 . The report complies with California A.10
Packet Pg. 83
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. 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 Californi a, 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 sec urities 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
December 2022 November 2022 December 2021
Investments 219,057,237 1.62% 1.60% 1.32%
LAIF 150,798,931 2.173% 2.007% 0.212%
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 December 31, 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 this alternative as it will not accomplish timely investment reporting.
FISCAL IMPACT
A.10
Packet Pg. 84
For additional information regarding the bond market, please see the attached B ond 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. 2022-12 Investment Report
2. CAM-Newsletter-December-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
3. Library
4. Infrastructure
5. Beautification, Community Engagement, and Quality of Life
6. Youth Programs
A.10
Packet Pg. 85
ATTACHMENTS
To view large attachments, please click your “bookmarks” on the left hand side of this document for the necessary attachment.
3. Investment Report - December 2022
APPROVALS
Budget Officer Approval ✓ Approved . 2/15/23 8:01 AM City Attorney Approval ✓ Approved .
City Manager Approval ✓ Approved . 2/15/23 9:24 AM A.10
Packet Pg. 86
3,438,349 3,438,349 3,438,349
150,798,931 147,992,451 150,798,931 0.80 2.173%
Public Agency Retirement Services (PARS) 5,000,000 4,950,292 5,000,000 0.08 2.36% Investments 219,593,902 206,441,975 219,057,237 2.39 1.62% 2.26 378,831,182 362,823,067 378,294,517
Total Funds with Fiscal Agents 4,757,674
Total Investment Portfolio 367,580,741
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)Cost Value Market ValueGeneral Portfolio
Total General Portfolio
CITY OF MORENO VALLEY
Treasurer's Cash and Investments Report
December 2022
Bank Accounts
State of California LAIF Pool
Par Value
Average Maturity
(in years)
Average Yield
to Maturity
A.10.a
Packet Pg. 87
Attachment: Investment Report - December 2022 (6126 : RECEIPT OF QUARTERLY INVESTMENT
CITY OF MORENO VALLEY
Treasurer's Cash and Investments Report
Asset Balance (par) Avg YTM (2) Balance Yield Balance Yield Asset Balance (par) Investment
Portfolio (4)
Benchmark 1-5
Gov(5)
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% Oct 22 380,053,901 1.69% 149,798,931 1.772% 218,428,420 1.59% -6.48% -6.66% Nov 22 376,300,861 1.80% 145,798,931 2.007% 218,675,380 1.60% -5.30% -5.59% Dec 22 373,294,517 1.93% 150,798,931 2.173% 5,000,000 2.360% 219,057,237 1.62% -4.99% -5.30% Notes:
(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.
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)
Public Agency Retirement Services
(PARS)
A.10.a
Packet Pg. 88
Attachment: Investment Report - December 2022 (6126 : 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
PARS
-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 PARS
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Portfolio Balances Trend (%)
LAIF
Chandler
PARS
A.10.a
Packet Pg. 89
Attachment: Investment Report - December 2022 (6126 : 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 12/31/2022 1/1/2023 $ 401,371 0.03% 0.00% 0.00 8.44% Wells Fargo 2013 Partial Refunding of the 2005 Lease Revenue Bonds Money Market WF Government Fund 12/31/2022 1/1/2023 $ - 0.03% 0.03% 1.00 0.00% Wells Fargo 2014 Partial Refunding of the 2005 Lease Revenue Bonds Money Market WF Government Fund 12/31/2022 1/1/2023 $ 619 0.03% 0.03% 1.00 0.01% Wells Fargo 2016 Community Facilities District 7 Improvement Area 1 Money Market WF Government Fund 12/31/2022 1/1/2023 $ 196,382 0.03% 0.03% 1.00 4.13% Wells Fargo 2017 Refunding of the 2007 RDA TABs Money Market WF Government Fund 12/31/2022 1/1/2023 $ 760,274 0.02% 0.02% 1.00 15.98% Wells Fargo 2019 Taxable Lease Revenue Bonds (Electric Utility) Money Market WF Government Fund 12/31/2022 1/1/2023 $ 3,397,451 0.02% 0.02% 2.00 71.41% Wilmington Trust 2020 Taxable Refunding of the 2013 TRIP COPs Money Market Federated Hermes Gov Fund 12/31/2022 1/1/2023 $ 1,158 0.03% 0.03% 1.00 0.02% Wells Fargo 2021 Taxable Refunding Lease Revenue Bonds (Electric Utility) Money Market WF Government Fund 12/31/2022 1/1/2023 $ 419 0.02% 0.02% 2.00 0.01% Total 4,757,674$ 100%
Trustee Bond Description Construction fund Debt Service Reserve &
Other Total
Wells Fargo Community Facilities Disctrict 87-1 (IA-1) $0 $401,371 $0 $401,371 Wells Fargo 2013 Partial Refunding of the 2005 Lease Revenue Bonds $0 $0 $0 $0 Wells Fargo 2014 Partial Refunding of the 2005 Lease Revenue Bonds $0 $619 $0 $619 Wells Fargo 2016 Community Facilities District 7 Improvement Area 1 $0 $477 $195,905 $196,382 Wells Fargo 2017 Refunding of the 2007 RDA TABs $0 $760,274 $0 $760,274 Wells Fargo 2019 Taxable Lease Revenue Bonds (Electric Utility) $3,397,134 $317 $0 $3,397,451 Wilmington Trust 2020 Taxable Refunding of the 2013 TRIP COPs $0 $1,158 $0 $1,158 Wells Fargo 2021 Taxable Refunding Lease Revenue Bonds (Electric Utility) $0 $419 $0 $419 Total $3,397,134 $1,164,635 $195,905 $4,757,674
FUNDS WITH FISCAL AGENTS
By Investment Type
By Fund Purpose
A.10.a
Packet Pg. 90
Attachment: Investment Report - December 2022 (6126 : 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 12/31/22 01/01/23 17,485 0.03% 0.03% 1.000 0.368% Interest acct 22631901 Money Market 12/31/22 01/01/23 1,627 0.03% 0.03% 1.000 0.034% Principal fund 22631902 Money Market 12/31/22 01/01/23 172 0.03% 0.03% 1.000 0.004% Reserve fund 22631904 Money Market 12/31/22 01/01/23 365,236 0.03% 0.03% 1.000 7.677% Admin exp acct 22631905 Money Market 12/31/22 01/01/23 15,183 0.03% 0.03% 1.000 0.319% Surplus acct 22631907 Money Market 12/31/22 01/01/23 1,668 0.03% 0.03% 1.000 0.035% 401,371
Wells Fargo 2013 Partial Refunding of the 2005 Lease Revenue Bonds Revenue fund 48360700 Money Market 12/31/22 01/01/23 - 0.03% 0.03% 1.000 0.000% Interest fund 48360701 Money Market 12/31/22 01/01/23 - 0.00% 0.00% 0.000 0.000% Principal fund 48360702 Money Market 12/31/22 01/01/23 - 0.00% 0.00% 0.000 0.000% -
Wells Fargo 2014 Partial Refunding of the 2005 Lease Revenue Bonds Revenue fund 83478300 Money Market 12/31/22 01/01/23 619 0.03% 0.03% 1.000 0.013% Interest fund 83478301 Money Market 12/31/22 01/01/23 - 0.00% 0.00% 1.000 0.000% Principal fund 83478302 Money Market 12/31/22 01/01/23 - 0.00% 0.00% 0.000 0.000% 619
Wells Fargo Community Facilities District 7 Improvement Area 1 Special tax fund 77025300 Money Market 12/31/22 01/01/23 24,044 0.03% 0.03% 1.000 0.505% Bond fund 77025301 Money Market 12/31/22 01/01/23 472 0.03% 0.03% 1.000 0.010% Reserve fund 77025302 Money Market 12/31/22 01/01/23 171,861 0.03% 0.03% 1.000 3.612% Admin exp acct 77025305 Money Market 12/31/22 01/01/23 5 0.03% 0.03% 1.000 0.000% 196,382
Wells Fargo 2017 Refunding of the 2007 RDA TABs
Income fund 49150300 Money Market 12/31/22 01/01/23 760,274 0.02% 0.02% 1.000 15.980% Interest fund 49150301 Money Market 12/31/22 01/01/23 - 0.00% 0.00% 0.000 0.000% Reserve fund 49150304 Money Market 12/31/22 01/01/23 - 0.00% 0.00% 1.000 0.000% 760,274
FUNDS WITH FISCAL AGENTS
A.10.a
Packet Pg. 91
Attachment: Investment Report - December 2022 (6126 : 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 12/31/22 01/01/23 317 0.02% 0.02% 2.000 0.007% Interest fund 83056101 Money Market 12/31/22 01/01/23 - 0.00% 0.00% 1.000 0.000% Construction fund 83056103 Money Market 12/31/22 01/01/23 3,397,134 0.02% 0.02% 1.000 71.403% 3,397,451 1.00%
Wilmington Trust 2020 Taxable Refunding of the 2013 TRIP COPs Revenue fund 143629-000 Money Market 12/31/22 01/01/23 341 0.03% 0.03% 1.000 0.007% Interest fund 143629-001 Money Market 12/31/22 01/01/23 - 0.00% 0.00% 1.000 0.000% Principal fund 143629-002 Money Market 12/31/22 01/01/23 - 0.00% 0.00% 1.000 0.000% Reserve fund 143629-003 Money Market 12/31/22 01/01/23 - 0.00% 0.00% 1.000 0.000% Admin fund 143629-004 Cash 12/31/22 01/01/23 817 0.00% 0.00% 1.000 0.017% Admin fund 143629-004 Money Market 12/31/22 01/01/23 - 0.03% 0.03% 1.000 0.000% Surplus fund 143629-005 Money Market 12/31/22 01/01/23 - 0.00% 0.00% 1.000 0.000% 1,158
Wells Fargo 2021 Taxable Refunding Lease Revenue Bonds (Electric Utility) Revenue fund 83056107 Money Market 12/31/22 01/01/23 419 0.02% 0.02% 2.000 0.009% Interest fund 83056108 Money Market 12/31/22 01/01/23 - 0.00% 0.00% 0.000 0.000% Principal fund 83056109 Money Market 12/31/22 01/01/23 - 0.00% 0.00% 0.000 0.000% Acquisition & construction 83056110 Money Market 12/31/22 01/01/23 - 0.00% 0.00% 0.000 0.000% Reserve fund 83056111 Money Market 12/31/22 01/01/23 - 0.00% 0.00% 2.000 0.000% Bond proceeds 83056112 Money Market 12/31/22 01/01/23 - 0.00% 0.00% 0.000 0.000% Cost of issuance 83056113 Money Market 12/31/22 01/01/23 - 0.00% 0.00% 0.000 0.000% 419
4,757,674 100.000%
Type
1 1 Construction Funds 3,397,134
2 2 Principal & Interest Accounts 782,543
3 3 Debt Service Reserve Funds 537,097
4 4 Custody Accounts 24,044
5 5 Arbitrage Rebate Accounts 1,668
6 6 Other Accounts 15,188
Total Fiscal Agent Funds 4,757,674
A.10.a
Packet Pg. 92
Attachment: Investment Report - December 2022 (6126 : RECEIPT OF QUARTERLY INVESTMENT City of Moreno Valley
MONTHLY ACCOUNT STATEMENT
DECEMBER 1, 2022 THROUGH DECEMBER 31, 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.10.a
Packet Pg. 93
Attachment: Investment Report - December 2022 (6126 : RECEIPT OF QUARTERLY INVESTMENT
ACCOUNT SUMMARY
Beg. Values
as of 11/30/22
End Values
as of 12/31/22
Market Value 195,994,481 196,320,674
Accrued Interest 745,791 708,308
Total Market Value 196,740,272 197,028,982
Income Earned 272,987 289,100
Cont/WD 0
Par 208,468,397 208,807,861
Book Value 208,503,798 208,830,380
Cost Value 209,195,413 209,538,864
TOP ISSUERS
Government of United States 28.3%
Federal National Mortgage Assoc 9.5%
Federal Home Loan Mortgage Corp 9.0%
Federal Home Loan Bank 4.3%
Inter-American Dev Bank 3.0%
International Finance Corp 2.9%
Intl Bank Recon and Development 2.8%
John Deere ABS 2.1%
Total 61.8%
PORTFOLIO CHARACTERISTICS
Average Modified Duration 2.26
Average Coupon 1.71%
Average Purchase YTM 1.62%
Average Market YTM 4.63%
Average S&P/Moody Rating AA+/Aa1
Average Final Maturity 2.63 yrs
Average Life 2.39 yrs
CREDIT QUALITY (S&P)
MATURITY DISTRIBUTION
SECTOR ALLOCATION
Portfolio Summary
As of December 31, 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 0.15% 1.07% -4.99% -4.99% -2.99% -0.53% 0.86% 0.96% 1.29% ICE BofA 1-5 Yr US Treasury & Agency Index 0.07% 0.94% -5.25% -5.25% -3.19% -0.78% 0.66% 0.71% 1.00% ICE BofA 1-5 Yr AAA-A US Corp & Govt Index 0.06% 1.03% -5.30% -5.30% -3.20% -0.74% 0.72% 0.81% 1.14% Execution Time: 1/4/2023 12:50:44 AMChandler Asset Management - CONFIDENTIAL Page 8 of 35 A.10.a
Packet Pg. 94
Attachment: Investment Report - December 2022 (6126 : 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; Under a provision sunsetting on January 1, 2026, no more than 40% of the portfolio may be invested in Commercial Paper if the Agency’s investment assets under management are greater than $100,000,000 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 Max Per Issuer 5% of portfolio per issuer, except US Government, its agencies and instrumentalities, Supranational issuers, investment pools, and money funds or money market mutual funds Complies Maximum Maturity 5 years Complies
Weighted Average Maturity 3 years Complies
City of Moreno Valley
As of December 31, 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.10.a
Packet Pg. 95
Attachment: Investment Report - December 2022 (6126 : RECEIPT OF QUARTERLY INVESTMENT REPORT - Holdings Report
As of December 31, 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
58769EAC2 Mercedes-Benz Auto Lease Trust 2020-
B A3
0.4% Due 11/15/2023
94,160.53 09/15/2020
0.40%
94,155.76
94,160.45
99.76 5.09%
93,938.27
16.74 0.05%
(222.18)
NR / AAA
AAA
0.87 0.05
92348AAA3 Verizon Owner Trust 2019-C A1A
1.94% Due 4/22/2024
27,403.96 10/01/2019
1.95%
27,401.84
27,403.35
99.82 4.57%
27,355.96
16.24 0.01%
(47.39)
NR / AAA
AAA
1.31 0.07
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
1,019,952.11
98.47 5.00%
1,004,438.17
149.60
0.51%
(15,513.94)
Aaa / AAA
NR
1.46 0.32
65479JAD5 Nissan Auto Receivables Owner 2019-C
A3
1.93% Due 7/15/2024
145,322.42 10/16/2019
1.94%
145,314.74
145,319.93
99.64 5.03%
144,802.37
124.65
0.07%
(517.56)
Aaa / AAA
NR
1.54 0.11
43813DAC2 Honda Auto Receivables 2020-2 A3
0.82% Due 7/15/2024
165,241.57 05/18/2020
0.83%
165,228.57
165,236.74
98.53 5.51%
162,813.09
60.22 0.08%
(2,423.65)
Aaa / AAA
NR
1.54 0.31
47789KAC7 John Deere Owner Trust 2020-A A3
1.1% Due 8/15/2024
181,291.23 03/04/2020
1.11%
181,280.15
181,287.18
99.13 4.89%
179,707.36
88.63 0.09%
(1,579.82)
Aaa / NR
AAA
1.62 0.23
43813KAC6 Honda Auto Receivables Trust 2020-3
A3
0.37% Due 10/18/2024
436,374.10 09/22/2020
0.38%
436,310.00
436,356.13
97.82 5.31%
426,839.59
58.30 0.22%
(9,516.54)
NR / AAA
AAA
1.80 0.44
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
1,219,992.80
97.16 5.38%
1,185,316.01
145.38
0.60%
(34,676.79)
NR / AAA
AAA
1.81 0.57
47787NAC3 John Deere Owner Trust 2020-B A3
0.51% Due 11/15/2024
151,858.17 07/14/2020
0.52%
151,835.03
151,851.28
98.46 5.34%
149,525.28
34.42 0.08%
(2,326.00)
Aaa / NR
AAA
1.88 0.32
09690AAC7 BMW Vehicle Lease Trust 2021-2 A3
0.33% Due 12/26/2024
526,292.52 09/08/2021
0.34%
526,238.20
526,269.12
97.72 5.25%
514,268.00
28.95 0.26%
(12,001.12)
Aaa / NR
AAA
1.99 0.46
89236XAC0 Toyota Auto Receivables 2020-D A3
0.35% Due 1/15/2025
330,588.77 10/06/2020
0.36%
330,527.18
330,559.26
98.25 4.95%
324,791.18
51.42 0.16%
(5,768.08)
NR / AAA
AAA
2.04 0.38
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
764,990.27
96.51 5.20%
738,274.34
394.40
0.37%
(26,715.93)
Aaa / AAA
NR
2.04 0.87
92290BAA9 Verizon Owner Trust 2020-B A
0.47% Due 2/20/2025
682,485.26 08/04/2020
0.48%
682,341.93
682,417.54
98.49 5.05%
672,204.71
98.01 0.34%
(10,212.83)
Aaa / NR
AAA
2.14 0.33
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
1,709,828.87
96.45 5.25%
1,649,272.77
1,024.10
0.84%
(60,556.10)
NR / AAA
AAA
2.14 1.09
Execution Time: 1/4/2023 12:50:44 AMChandler Asset Management - CONFIDENTIAL Page 10 of 35 A.10.a
Packet Pg. 96
Attachment: Investment Report - December 2022 (6126 : RECEIPT OF QUARTERLY INVESTMENT Holdings Report
As of December 31, 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
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
1,399,992.73
96.62 5.32%
1,352,740.20
812.78
0.69%
(47,252.53)
Aaa / NR
AAA
2.22 1.00
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
1,519,725.05
96.74 5.29%
1,485,019.94
281.42
0.75%
(34,705.11)
NR / AAA
AAA
2.23 0.78
43813GAC5 Honda Auto Receivables Trust 2021-1
A3
0.27% Due 4/21/2025
291,015.60 02/17/2021
0.27%
291,010.28
291,013.49
96.73 6.22%
281,500.99
21.83 0.14%
(9,512.50)
Aaa / NR
AAA
2.31 0.55
44891RAC4 Hyundai Auto Receivables Trust 2020-C
A3
0.38% Due 5/15/2025
562,798.61 10/20/2020
0.39%
562,668.99
562,754.51
97.38 5.63%
548,036.35
95.05 0.28%
(14,718.16)
NR / AAA
AAA
2.37 0.50
89240BAC2 Toyota Auto Receivables Owners 2021-
A A3
0.26% Due 5/15/2025
1,044,100.45 02/02/2021
0.27%
1,043,906.67
1,044,025.23
97.42 4.82%
1,017,176.44
120.65
0.52%
(26,848.79)
Aaa / NR
AAA
2.37 0.56
44933LAC7 Hyundai Auto Receivables Trust 2021-A
A3
0.38% Due 9/15/2025
672,767.15 04/20/2021
0.38%
672,696.38
672,735.36
96.71 5.51%
650,629.07
113.62
0.33%
(22,106.29)
NR / AAA
AAA
2.71 0.64
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
614,914.45
94.91 5.11%
583,670.42
150.33
0.30%
(31,244.03)
Aaa / NR
AAA
3.06 1.22
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
734,960.46
94.91 5.29%
697,572.11
169.87
0.35%
(37,388.35)
Aaa / NR
AAA
3.21 1.08
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
574,992.00
94.21 5.70%
541,707.50
181.44
0.28%
(33,284.50)
NR / AAA
AAA
3.29 1.18
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
439,936.65
94.47 5.54%
415,648.68
144.71
0.21%
(24,287.97)
NR / AAA
AAA
3.37 1.17
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
1,094,878.97
95.03 5.03%
1,040,577.85
914.93
0.53%
(54,301.12)
Aaa / AAA
NR
3.37 1.60
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
709,970.50
97.40 4.96%
691,567.76
379.85
0.35%
(18,402.74)
Aaa / AAA
NR
3.65 1.51
Execution Time: 1/4/2023 12:50:44 AMChandler Asset Management - CONFIDENTIAL Page 11 of 35 A.10.a
Packet Pg. 97
Attachment: Investment Report - December 2022 (6126 : RECEIPT OF QUARTERLY INVESTMENT Holdings Report
As of December 31, 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
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
444,992.64
94.48 5.54%
420,441.52
126.08
0.21%
(24,551.12)
Aaa / AAA
NR
3.71 1.15
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
839,856.47
95.91 5.12%
805,673.99
866.13
0.41%
(34,182.48)
Aaa / NR
AAA
3.71 1.48
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
1,199,965.13
95.56 5.13%
1,146,775.20
1,184.00
0.58%
(53,189.93)
NR / AAA
AAA
3.79 1.55
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
419,973.94
94.55 5.35%
397,102.78
220.50
0.20%
(22,871.16)
NR / AAA
AAA
3.88 1.35
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
519,914.15
96.88 5.05%
503,779.84
671.67
0.26%
(16,134.31)
Aaa / AAA
NR
4.13 1.63
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
874,927.00
97.70 4.93%
854,881.83
1,454.44
0.43%
(20,045.17)
Aaa / NR
AAA
4.13 1.99
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
1,839,676.11
97.14 4.72%
1,787,339.75
2,772.27
0.91%
(52,336.36)
NR / AAA
AAA
4.38 2.22
47800BAC2 John Deere Owner Trust 2022-C A3
5.09% Due 6/15/2027
1,405,000.00 10/12/2022
5.15%
1,404,890.97
1,404,897.01
100.38
4.97%
1,410,293.91
3,178.42
0.72%
5,396.90
Aaa / NR
AAA
4.46 2.15
92348KAV5 Verizon Master Trust 2022-5 A1A
3.72% Due 7/20/2027
765,000.00 08/02/2022
3.75%
764,966.34
764,971.09
98.48 5.00%
753,397.90
869.55
0.38%
(11,573.19)
NR / AAA
AAA
4.55 1.54
Total ABS 25,441,700.34 1.82%
25,415,093.56
25,424,697.97 5.16%
24,659,081.13
17,020.60
12.52%
(765,616.84)
Aaa / AAA
AAA
2.96 1.15
AGENCY
3137EAEV7 FHLMC Note
0.25% Due 8/24/2023
1,925,000.00 08/19/2020
0.28%
1,923,036.50
1,924,579.76
97.09 4.87%
1,868,951.20
1,697.74
0.95%
(55,628.56)
Aaa / AA+
AAA
0.65 0.63
3130A1XJ2 FHLB Note
2.875% Due 6/14/2024
3,000,000.00 Various
1.94%
3,131,160.00
3,038,459.42
97.72 4.51%
2,931,592.20
4,072.92
1.49%
(106,867.22)
Aaa / AA+
NR
1.45 1.40
3135G0V75 FNMA Note
1.75% Due 7/2/2024
3,000,000.00 07/16/2019
1.96%
2,969,790.00
2,990,863.64
95.76 4.70%
2,872,947.78
26,104.17
1.47%
(117,915.86)
Aaa / AA+
AAA
1.50 1.44
3130A2UW4 FHLB Note
2.875% Due 9/13/2024
3,000,000.00 09/13/2019
1.79%
3,155,070.00
3,052,795.21
97.12 4.65%
2,913,638.61
25,875.00
1.49%
(139,156.60)
Aaa / AA+
AAA
1.70 1.62
Execution Time: 1/4/2023 12:50:44 AMChandler Asset Management - CONFIDENTIAL Page 12 of 35 A.10.a
Packet Pg. 98
Attachment: Investment Report - December 2022 (6126 : RECEIPT OF QUARTERLY INVESTMENT Holdings Report
As of December 31, 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
1,179,277.62
95.05 4.54%
1,121,553.15
4,048.06
0.57%
(57,724.47)
Aaa / AA+
AAA
1.79 1.72
3135G0X24 FNMA Note
1.625% Due 1/7/2025
3,210,000.00 Various
1.19%
3,276,100.10
3,237,603.57
94.54 4.48%
3,034,861.85
25,211.87
1.55%
(202,741.72)
Aaa / AA+
AAA
2.02 1.93
3137EAEP0 FHLMC Note
1.5% Due 2/12/2025
3,590,000.00 02/13/2020
1.52%
3,587,235.70
3,588,829.15
94.29 4.35%
3,385,148.25
20,792.08
1.73%
(203,680.90)
Aaa / AA+
AAA
2.12 2.03
3130A4CH3 FHLB Note
2.375% Due 3/14/2025
2,750,000.00 03/19/2020
1.18%
2,908,867.50
2,820,093.74
95.67 4.46%
2,631,030.49
19,412.33
1.35%
(189,063.25)
Aaa / AA+
AAA
2.20 2.10
3135G03U5 FNMA Note
0.625% Due 4/22/2025
2,830,000.00 04/22/2020
0.67%
2,824,170.20
2,827,308.83
91.94 4.33%
2,602,041.72
3,390.10
1.32%
(225,267.11)
Aaa / AA+
AAA
2.31 2.24
3135G04Z3 FNMA Note
0.5% Due 6/17/2025
3,400,000.00 Various
0.51%
3,398,324.20
3,399,301.57
91.07 4.37%
3,096,214.59
661.11
1.57%
(303,086.98)
Aaa / AA+
AAA
2.46 2.40
3137EAEU9 FHLMC Note
0.375% Due 7/21/2025
3,400,000.00 Various
0.45%
3,388,108.00
3,393,781.77
90.57 4.31%
3,079,451.03
5,666.67
1.57%
(314,330.74)
Aaa / AA+
AAA
2.56 2.49
3135G05X7 FNMA Note
0.375% Due 8/25/2025
3,150,000.00 12/16/2020
0.43%
3,141,904.50
3,145,427.37
90.27 4.30%
2,843,448.80
4,134.38
1.45%
(301,978.57)
Aaa / AA+
AAA
2.65 2.58
3137EAEX3 FHLMC Note
0.375% Due 9/23/2025
3,385,000.00 Various
0.44%
3,374,969.55
3,379,423.54
90.07 4.27%
3,048,868.58
3,455.52
1.55%
(330,554.96)
Aaa / AA+
AAA
2.73 2.66
3135G06G3 FNMA Note
0.5% Due 11/7/2025
3,400,000.00 Various
0.56%
3,389,186.80
3,393,814.91
90.01 4.26%
3,060,363.87
2,550.00
1.55%
(333,451.04)
Aaa / AA+
AAA
2.85 2.77
Total Agency 41,220,000.00 1.02%
41,645,905.25
41,371,560.10 4.44%
38,490,112.12
147,071.95
19.61%
(2,881,447.98)
Aaa / AA+
AAA
2.13 2.06
CMO
3137B7YY9 FHLMC K037 A2
3.49% Due 1/25/2024
3,000,000.00 11/05/2021
0.58%
3,163,242.19
3,078,687.99
98.49 5.06%
2,954,800.20
8,725.00
1.50%
(123,887.79)
NR / AAA
NR
1.07 0.83
3137BLW95 FHLMC K050 A2
3.334% Due 8/25/2025
588,000.00 02/07/2022
1.74%
616,389.38
609,112.92
96.75 4.67%
568,861.46
1,633.66
0.29%
(40,251.46)
NR / NR
AAA
2.65 2.35
3137BSP72 FHLMC K058 A2
2.653% Due 8/25/2026
950,000.00 11/12/2021
1.35%
1,004,736.33
991,673.53
93.79 4.52%
890,989.42
2,100.29
0.45%
(100,684.11)
NR / NR
AAA
3.65 3.36
3137FAWS3 FHLMC K067 A2
3.194% Due 7/25/2027
675,000.00 09/28/2022
4.42%
640,538.09
642,304.36
94.93 4.43%
640,781.48
1,796.63
0.33%
(1,522.88)
Aaa / NR
NR
4.57 4.10
Execution Time: 1/4/2023 12:50:44 AMChandler Asset Management - CONFIDENTIAL Page 13 of 35 A.10.a
Packet Pg. 99
Attachment: Investment Report - December 2022 (6126 : RECEIPT OF QUARTERLY INVESTMENT Holdings Report
As of December 31, 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
3137FBU79 FHLMC K069 A2
3.187% Due 9/25/2027
1,255,000.00 09/28/2022
4.82%
1,189,161.52
1,192,420.85
94.81 4.43%
1,189,910.07
3,333.07
0.61%
(2,510.78)
NR / AAA
NR
4.74 4.18
Total CMO 6,468,000.00 1.96%
6,614,067.51
6,514,199.65 4.76%
6,245,342.63
17,588.65
3.18%
(268,857.02)
Aaa / AAA
AAA
2.64 2.30
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
2,299,406.89
95.64 4.78%
2,199,714.76
4,715.00
1.12%
(99,692.13)
A2 / A
A
1.05 1.02
69371RR24 Paccar Financial Corp Note
0.35% Due 2/2/2024
665,000.00 01/28/2021
0.39%
664,228.60
664,720.32
95.15 4.99%
632,770.07
963.33
0.32%
(31,950.25)
A1 / A+
NR
1.09 1.06
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
954,807.43
95.07 4.99%
907,899.41
2,049.27
0.46%
(46,908.02)
A2 / A
A
1.21 1.18
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
1,991,478.51
93.84 4.83%
1,876,817.92
5,763.89
0.96%
(114,660.59)
A2 / A+
NR
1.54 1.49
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
1,758,095.88
96.17 4.94%
1,683,061.24
17,616.67
0.86%
(75,034.64)
A2 / A+
A+
1.58 1.51
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
507,797.65
97.76 4.83%
488,817.35
7,025.69
0.25%
(18,980.30)
A2 / A
NR
1.58 1.50
69371RR40 Paccar Financial Corp Note
0.5% Due 8/9/2024
865,000.00 08/03/2021
0.52%
864,532.90
864,750.25
93.14 5.00%
805,676.47
1,705.97
0.41%
(59,073.78)
A1 / A+
NR
1.61 1.56
69371RQ25 Paccar Financial Corp Note
2.15% Due 8/15/2024
670,000.00 08/08/2019
2.20%
668,519.30
669,520.21
95.47 5.09%
639,655.12
5,441.89
0.33%
(29,865.09)
A1 / A+
NR
1.62 1.55
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
1,899,629.98
95.37 4.92%
1,812,051.00
7,125.00
0.92%
(87,578.98)
A1 / A
AA-
1.84 1.76
14913Q3B3 Caterpillar Finl Service Note
2.15% Due 11/8/2024
2,020,000.00 Various
1.88%
2,044,446.00
2,029,546.15
95.45 4.74%
1,928,157.71
6,393.86
0.98%
(101,388.44)
A2 / A
A
1.86 1.78
Execution Time: 1/4/2023 12:50:44 AMChandler Asset Management - CONFIDENTIAL Page 14 of 35 A.10.a
Packet Pg. 100
Attachment: Investment Report - December 2022 (6126 : RECEIPT OF QUARTERLY INVESTMENT Holdings Report
As of December 31, 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
1,184,213.45
92.56 5.25%
1,096,796.16
946.35
0.56%
(87,417.29)
Aa3 / AA-
AA-
1.93 1.86
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
1,713,442.07
93.69 4.74%
1,606,831.04
11,604.83
0.82%
(106,611.03)
A1 / A+
A+
2.04 1.95
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
809,290.80
94.76 4.75%
767,563.50
7,380.00
0.39%
(41,727.30)
A1 / AA-
AA-
2.06 1.96
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
2,042,373.15
96.63 4.57%
1,932,678.74
17,372.22
0.99%
(109,694.41)
A1 / AA-
NR
2.21 2.08
78016EZ59 Royal Bank of Canada Note
3.375% Due 4/14/2025
845,000.00 04/07/2022
3.39%
844,687.35
844,762.09
96.70 4.91%
817,147.68
6,099.84
0.42%
(27,614.41)
A1 / A
AA-
2.29 2.15
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
2,015,951.93
94.88 4.63%
1,897,699.74
9,500.00
0.97%
(118,252.19)
A2 / A
A
2.29 2.18
06367WB85 Bank of Montreal Note
1.85% Due 5/1/2025
1,571,000.00 07/23/2021
0.85%
1,628,844.22
1,606,826.37
93.33 4.91%
1,466,257.77
4,843.92
0.75%
(140,568.60)
A2 / A-
AA-
2.33 2.23
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
1,771,081.34
93.23 5.28%
1,650,129.83
1,215.40
0.84%
(120,951.51)
A1 / A-
AA-
2.42 2.32
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
840,256.04
93.21 5.28%
783,000.33
180.88
0.40%
(57,255.71)
A1 / A-
AA-
2.48 2.38
64952WDQ3 New York Life Global Note
0.95% Due 6/24/2025
950,000.00 11/17/2021
1.29%
938,543.00
942,103.13
90.62 5.02%
860,891.20
175.49
0.44%
(81,211.93)
Aaa / AA+
AAA
2.48 2.40
66815L2J7 Northwestern Mutual Glbl Note
4% Due 7/1/2025
1,560,000.00 06/27/2022
4.01%
1,559,469.60
1,559,558.65
98.11 4.81%
1,530,528.00
31,200.00
0.79%
(29,030.65)
Aaa / AA+
AAA
2.50 2.30
40139LBC6 Guardian Life Glob Fun Note
0.875% Due 12/10/2025
1,700,000.00 Various
1.12%
1,682,830.00
1,687,925.78
88.37 5.19%
1,502,209.98
867.70
0.76%
(185,715.80)
Aa1 / AA+
NR
2.95 2.83
66815L2A6 Northwestern Mutual Glbl Note
0.8% Due 1/14/2026
1,100,000.00 12/06/2021
1.47%
1,070,817.00
1,078,395.23
88.56 4.90%
974,199.06
4,082.22
0.50%
(104,196.17)
Aaa / AA+
AAA
3.04 2.92
06051GHY8 Bank of America Corp Callable Note
Cont 2/13/2025
2.015% Due 2/13/2026
750,000.00 02/17/2022
3.30%
737,512.50
740,204.36
92.76 5.63%
695,689.65
5,793.13
0.36%
(44,514.71)
A2 / A-
AA-
3.12 2.92
Execution Time: 1/4/2023 12:50:44 AMChandler Asset Management - CONFIDENTIAL Page 15 of 35 A.10.a
Packet Pg. 101
Attachment: Investment Report - December 2022 (6126 : RECEIPT OF QUARTERLY INVESTMENT Holdings Report
As of December 31, 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
1,050,637.30
92.78 5.44%
959,375.21
4,128.16
0.49%
(91,262.09)
A1 / A-
AA-
3.31 2.20
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
1,002,383.81
89.02 4.82%
890,182.93
2,133.33
0.45%
(112,200.88)
A1 / A
AA-
3.32 3.18
6174468Q5 Morgan Stanley Callable Note Cont
4/28/2025
2.188% Due 4/28/2026
1,100,000.00 05/18/2022
4.75%
1,039,071.00
1,048,640.11
93.00 5.43%
1,022,966.31
4,211.90
0.52%
(25,673.80)
A1 / A-
A+
3.33 2.21
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
2,607,409.00
88.68 4.68%
2,318,908.83
3,559.31
1.18%
(288,500.17)
A1 / AA
AA-
3.36 3.23
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
430,946.63
89.43 4.57%
384,562.73
631.86
0.20%
(46,383.90)
A3 / A+
A
3.37 3.23
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
1,784,456.33
88.46 4.78%
1,579,092.20
725.16
0.80%
(205,364.13)
A1 / A+
A+
3.47 3.32
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
1,803,636.15
90.23 5.45%
1,624,218.34
791.39
0.82%
(179,417.81)
A2 / A-
AA-
3.47 3.29
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
1,252,014.23
88.13 4.89%
1,101,564.30
6,875.00
0.56%
(150,449.93)
Aa3 / AA+
AA+
3.54 3.37
58989V2D5 Met Tower Global Funding Note
1.25% Due 9/14/2026
975,000.00 09/07/2021
1.27%
974,103.00
974,335.85
87.00 5.15%
848,259.75
3,622.40
0.43%
(126,076.10)
Aa3 / AA-
AA-
3.71 3.52
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
444,375.89
88.67 4.39%
394,561.72
1,349.83
0.20%
(49,814.17)
Aa2 / AA
AA
3.72 3.55
59217GER6 Metlife Note
1.875% Due 1/11/2027
1,575,000.00 01/03/2022
1.90%
1,573,204.50
1,573,553.57
88.58 5.04%
1,395,156.07
13,945.31
0.72%
(178,397.50)
Aa3 / AA-
AA-
4.03 3.76
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
1,424,666.76
91.31 4.77%
1,301,229.34
11,443.54
0.67%
(123,437.42)
A2 / A
A
4.17 3.86
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
2,394,617.72
92.41 4.29%
2,213,166.76
16,219.47
1.13%
(181,450.96)
Aa2 / AA
A+
4.21 3.91
Execution Time: 1/4/2023 12:50:44 AMChandler Asset Management - CONFIDENTIAL Page 16 of 35 A.10.a
Packet Pg. 102
Attachment: Investment Report - December 2022 (6126 : RECEIPT OF QUARTERLY INVESTMENT Holdings Report
As of December 31, 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
4.77%
1,453,356.24
1,457,348.56
93.80 5.63%
1,407,032.78
10,083.83
0.72%
(50,315.78)
A2 / A-
AA-
4.31 3.04
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
893,737.49
97.78 4.57%
875,092.45
5,071.67
0.45%
(18,645.04)
A2 / A+
A+
4.36 3.93
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
910,372.77
96.84 4.50%
881,210.82
4,302.27
0.45%
(29,161.95)
A3 / A+
A
4.37 3.96
89115A2C5 Toronto-Dominion Bank Note
4.108% Due 6/8/2027
2,000,000.00 08/26/2022
4.18%
1,993,300.00
1,993,776.65
96.62 4.97%
1,932,302.94
5,249.11
0.98%
(61,473.71)
A1 / A
NR
4.44 3.98
Total Corporate 55,555,000.00 1.88%
55,589,578.88
55,523,046.48 4.91%
51,685,127.21
254,406.09
26.36%
(3,837,919.27)
A1 / A+
AA-
2.77 2.55
MONEY MARKET FUND
60934N104 Federated Investors Government
Obligations Fund
973,161.13 Various
4.10%
973,161.13
973,161.13
1.00 4.10%
973,161.13
0.00 0.49%
0.00 Aaa / AAA
AAA
0.00 0.00
Total Money Market Fund 973,161.13 4.10%
973,161.13
973,161.13 4.10%
973,161.13
0.00 0.49%
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
1,930,580.96
96.43 4.54%
1,846,653.65
11,490.00
0.94%
(83,927.31)
Aa2 / AA-
AA
1.75 1.68
Total Municipal Bonds 1,915,000.00 1.91%
1,958,987.55
1,930,580.96 4.54%
1,846,653.65
11,490.00
0.94%
(83,927.31)
Aa2 / AA-
AA
1.75 1.68
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
2,536,959.24
94.45 4.64%
2,361,273.65
7,161.46
1.20%
(175,685.59)
Aaa / AAA
NR
1.79 1.73
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
2,553,694.09
94.52 4.47%
2,362,990.20
18,732.64
1.21%
(190,703.89)
Aaa / AAA
AAA
2.04 1.95
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
2,986,486.12
92.54 4.39%
2,776,057.26
6,416.67
1.41%
(210,428.86)
Aaa / AAA
AAA
2.26 2.18
Execution Time: 1/4/2023 12:50:44 AMChandler Asset Management - CONFIDENTIAL Page 17 of 35 A.10.a
Packet Pg. 103
Attachment: Investment Report - December 2022 (6126 : RECEIPT OF QUARTERLY INVESTMENT Holdings Report
As of December 31, 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
3,390,908.20
89.92 4.33%
3,057,364.29
2,975.01
1.55%
(333,543.91)
Aaa / AAA
AAA
2.83 2.75
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
3,424,618.06
89.58 4.29%
3,076,935.60
5,927.76
1.56%
(347,682.46)
Aaa / AAA
AAA
3.30 3.19
45950KCX6 International Finance Corp Note
0.75% Due 10/8/2026
3,800,000.00 11/08/2021
1.15%
3,728,332.00
3,744,999.91
87.76 4.30%
3,335,053.81
6,570.83
1.70%
(409,946.10)
Aaa / AAA
NR
3.77 3.63
Total Supranational 18,635,000.00 0.84%
18,672,252.85
18,637,665.62 4.39%
16,969,674.81
47,784.37
8.64%
(1,667,990.81)
Aaa / AAA
AAA
2.75 2.66
US TREASURY
912828V23 US Treasury Note
2.25% Due 12/31/2023
3,150,000.00 Various
1.81%
3,209,369.15
3,163,178.16
97.55 4.78%
3,072,973.05
195.78
1.56%
(90,205.11)
Aaa / AA+
AAA
1.00 0.97
912828B66 US Treasury Note
2.75% Due 2/15/2024
3,150,000.00 Various
1.81%
3,279,865.24
3,181,596.66
97.86 4.72%
3,082,571.10
32,719.77
1.58%
(99,025.56)
Aaa / AA+
AAA
1.13 1.08
91282CBR1 US Treasury Note
0.25% Due 3/15/2024
1,000,000.00 03/30/2021
0.33%
997,578.13
999,015.55
94.84 4.71%
948,398.00
745.86
0.48%
(50,617.55)
Aaa / AA+
AAA
1.21 1.17
912828X70 US Treasury Note
2% Due 4/30/2024
3,100,000.00 Various
1.86%
3,119,312.50
3,105,312.65
96.52 4.73%
2,991,983.60
10,618.78
1.52%
(113,329.05)
Aaa / AA+
AAA
1.33 1.29
912828XX3 US Treasury Note
2% Due 6/30/2024
3,000,000.00 07/30/2019
1.87%
3,018,867.19
3,005,735.79
96.21 4.64%
2,886,327.00
165.75
1.47%
(119,408.79)
Aaa / AA+
AAA
1.50 1.45
91282CCL3 US Treasury Note
0.375% Due 7/15/2024
2,500,000.00 07/13/2021
0.46%
2,493,359.38
2,496,600.92
93.71 4.65%
2,342,870.00
4,330.84
1.19%
(153,730.92)
Aaa / AA+
AAA
1.54 1.50
912828D56 US Treasury Note
2.375% Due 8/15/2024
3,000,000.00 08/29/2019
1.45%
3,133,007.81
3,043,455.09
96.52 4.62%
2,895,702.00
26,912.36
1.48%
(147,753.09)
Aaa / AA+
AAA
1.62 1.55
9128283D0 US Treasury Note
2.25% Due 10/31/2024
2,900,000.00 Various
1.76%
2,966,847.66
2,924,823.09
96.10 4.49%
2,786,833.30
11,175.42
1.42%
(137,989.79)
Aaa / AA+
AAA
1.84 1.76
912828YV6 US Treasury Note
1.5% Due 11/30/2024
3,000,000.00 02/04/2022
1.47%
3,002,343.75
3,001,595.21
94.68 4.43%
2,840,391.00
3,956.04
1.44%
(161,204.21)
Aaa / AA+
AAA
1.92 1.85
91282CDN8 US Treasury Note
1% Due 12/15/2024
3,000,000.00 12/14/2021
0.98%
3,001,640.63
3,001,068.80
93.65 4.42%
2,809,569.00
1,401.10
1.43%
(191,499.80)
Aaa / AA+
AAA
1.96 1.90
91282CED9 US Treasury Note
1.75% Due 3/15/2025
1,495,000.00 04/08/2022
2.71%
1,454,938.67
1,464,841.47
94.56 4.36%
1,413,709.38
7,805.39
0.72%
(51,132.09)
Aaa / AA+
AAA
2.21 2.11
Execution Time: 1/4/2023 12:50:44 AMChandler Asset Management - CONFIDENTIAL Page 18 of 35 A.10.a
Packet Pg. 104
Attachment: Investment Report - December 2022 (6126 : RECEIPT OF QUARTERLY INVESTMENT Holdings Report
As of December 31, 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
3,256,221.17
89.88 4.19%
2,966,003.70
2,107.83
1.51%
(290,217.47)
Aaa / AA+
AAA
2.75 2.68
91282CAT8 US Treasury Note
0.25% Due 10/31/2025
3,400,000.00 02/22/2021
0.54%
3,354,046.88
3,372,229.38
89.51 4.22%
3,043,265.20
1,455.80
1.55%
(328,964.18)
Aaa / AA+
AAA
2.84 2.76
91282CAZ4 US Treasury Note
0.375% Due 11/30/2025
2,200,000.00 03/26/2021
0.77%
2,160,554.69
2,175,413.12
89.54 4.23%
1,969,774.40
725.27
1.00%
(205,638.72)
Aaa / AA+
AAA
2.92 2.84
91282CCZ2 US Treasury Note
0.875% Due 9/30/2026
1,780,000.00 10/18/2021
1.19%
1,753,369.53
1,759,839.25
88.91 4.10%
1,582,670.98
3,979.33
0.81%
(177,168.27)
Aaa / AA+
AAA
3.75 3.61
91282CDK4 US Treasury Note
1.25% Due 11/30/2026
3,500,000.00 12/16/2021
1.17%
3,512,714.84
3,510,043.95
89.86 4.08%
3,144,942.50
3,846.15
1.60%
(365,101.45)
Aaa / AA+
AAA
3.92 3.75
912828Z78 US Treasury Note
1.5% Due 1/31/2027
1,150,000.00 02/07/2022
1.77%
1,135,355.47
1,137,989.55
90.41 4.07%
1,039,717.30
7,218.75
0.53%
(98,272.25)
Aaa / AA+
AAA
4.09 3.86
91282CET4 US Treasury Note
2.625% Due 5/31/2027
1,800,000.00 06/09/2022
3.07%
1,763,367.19
1,767,502.50
94.41 4.02%
1,699,311.60
4,153.85
0.86%
(68,190.90)
Aaa / AA+
AAA
4.42 4.10
91282CEW7 US Treasury Note
3.25% Due 6/30/2027
2,975,000.00 Various
3.12%
2,993,090.82
2,991,404.46
96.84 4.02%
2,880,984.05
267.09
1.46%
(110,420.41)
Aaa / AA+
AAA
4.50 4.13
91282CFB2 US Treasury Note
2.75% Due 7/31/2027
900,000.00 08/22/2022
3.12%
884,742.19
885,850.77
94.76 4.01%
852,855.30
10,357.34
0.44%
(32,995.47)
Aaa / AA+
AAA
4.58 4.19
91282CFH9 US Treasury Note
3.125% Due 8/31/2027
3,150,000.00 Various
3.41%
3,109,707.03
3,112,139.37
96.34 3.99%
3,034,580.85
33,446.99
1.56%
(77,558.52)
Aaa / AA+
AAA
4.67 4.24
91282CFM8 US Treasury Note
4.125% Due 9/30/2027
3,900,000.00 10/20/2022
4.45%
3,843,632.81
3,845,761.05
100.54
4.00%
3,920,872.80
41,102.68
2.01%
75,111.75
Aaa / AA+
AAA
4.75 4.23
91282CFZ9 US Treasury Note
3.875% Due 11/30/2027
1,250,000.00 12/05/2022
3.81%
1,253,906.25
1,253,850.45
99.62 3.96%
1,245,215.00
4,258.24
0.63%
(8,635.45)
Aaa / AA+
AAA
4.92 4.42
Total US Treasury 58,600,000.00 1.87%
58,669,817.03
58,455,468.41 4.35%
55,451,521.11
212,946.41
28.25%
(3,003,947.30)
Aaa / AA+
AAA
2.74 2.58
TOTAL PORTFOLIO 208,807,861.47 1.62%
209,538,863.76
208,830,380.32 4.63%
196,320,673.79
708,308.07
100.00%
(12,509,706.53)
Aa1 / AA+
AAA
2.63 2.26
TOTAL MARKET VALUE PLUS ACCRUED 197,028,981.86
Execution Time: 1/4/2023 12:50:44 AMChandler Asset Management - CONFIDENTIAL Page 19 of 35 A.10.a
Packet Pg. 105
Attachment: Investment Report - December 2022 (6126 : RECEIPT OF QUARTERLY INVESTMENT Transaction Ledger
As of December 31, 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 12/01/2022 60934N104 7,292.40 Federated Investors Government Obligations Fund
1.000 3.60% 7,292.40 0.00 7,292.40 0.00
Purchase 12/01/2022 60934N104 10,637.88 Federated Investors Government Obligations Fund
1.000 3.60% 10,637.88 0.00 10,637.88 0.00
Purchase 12/06/2022 60934N104 6,813.75 Federated Investors Government Obligations Fund
1.000 3.60% 6,813.75 0.00 6,813.75 0.00
Purchase 12/06/2022 91282CFZ9 1,250,000.00 US Treasury Note
3.875% Due 11/30/2027
100.313 3.81% 1,253,906.25 798.42 1,254,704.67 0.00
Purchase 12/08/2022 60934N104 41,080.00 Federated Investors Government Obligations Fund
1.000 3.60% 41,080.00 0.00 41,080.00 0.00
Purchase 12/10/2022 60934N104 7,437.50 Federated Investors Government Obligations Fund
1.000 3.60% 7,437.50 0.00 7,437.50 0.00
Purchase 12/14/2022 60934N104 43,125.00 Federated Investors Government Obligations Fund
1.000 3.60% 43,125.00 0.00 43,125.00 0.00
Purchase 12/15/2022 60934N104 15,000.00 Federated Investors Government Obligations Fund
1.000 3.60% 15,000.00 0.00 15,000.00 0.00
Purchase 12/15/2022 60934N104 340.21 Federated Investors Government Obligations Fund
1.000 3.60% 340.21 0.00 340.21 0.00
Purchase 12/15/2022 60934N104 5,198.00 Federated Investors Government Obligations Fund
1.000 3.60% 5,198.00 0.00 5,198.00 0.00
Purchase 12/15/2022 60934N104 280.50 Federated Investors Government Obligations Fund
1.000 3.60% 280.50 0.00 280.50 0.00
Purchase 12/15/2022 60934N104 739.50 Federated Investors Government Obligations Fund
1.000 3.60% 739.50 0.00 739.50 0.00
Purchase 12/15/2022 60934N104 11,124.48 Federated Investors Government Obligations Fund
1.000 3.60% 11,124.48 0.00 11,124.48 0.00
Purchase 12/15/2022 60934N104 2,727.08 Federated Investors Government Obligations Fund
1.000 3.60% 2,727.08 0.00 2,727.08 0.00
Purchase 12/15/2022 60934N104 318.50 Federated Investors Government Obligations Fund
1.000 3.60% 318.50 0.00 318.50 0.00
Purchase 12/15/2022 60934N104 1,624.00 Federated Investors Government Obligations Fund
1.000 3.60% 1,624.00 0.00 1,624.00 0.00
Execution Time: 1/4/2023 12:50:44 AMChandler Asset Management - CONFIDENTIAL Page 20 of 35 A.10.a
Packet Pg. 106
Attachment: Investment Report - December 2022 (6126 : RECEIPT OF QUARTERLY INVESTMENT Transaction Ledger
As of December 31, 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 12/15/2022 60934N104 271.33 Federated Investors Government Obligations Fund
1.000 3.60% 271.33 0.00 271.33 0.00
Purchase 12/15/2022 60934N104 2,220.00 Federated Investors Government Obligations Fund
1.000 3.60% 2,220.00 0.00 2,220.00 0.00
Purchase 12/15/2022 60934N104 1,715.50 Federated Investors Government Obligations Fund
1.000 3.60% 1,715.50 0.00 1,715.50 0.00
Purchase 12/15/2022 60934N104 21,065.52 Federated Investors Government Obligations Fund
1.000 3.60% 21,065.52 0.00 21,065.52 0.00
Purchase 12/15/2022 60934N104 44,008.06 Federated Investors Government Obligations Fund
1.000 3.60% 44,008.06 0.00 44,008.06 0.00
Purchase 12/15/2022 60934N104 42,411.65 Federated Investors Government Obligations Fund
1.000 3.60% 42,411.65 0.00 42,411.65 0.00
Purchase 12/15/2022 60934N104 1,377.66 Federated Investors Government Obligations Fund
1.000 3.60% 1,377.66 0.00 1,377.66 0.00
Purchase 12/15/2022 60934N104 14,342.89 Federated Investors Government Obligations Fund
1.000 3.60% 14,342.89 0.00 14,342.89 0.00
Purchase 12/15/2022 60934N104 34,313.49 Federated Investors Government Obligations Fund
1.000 3.60% 34,313.49 0.00 34,313.49 0.00
Purchase 12/15/2022 60934N104 61,349.16 Federated Investors Government Obligations Fund
1.000 3.60% 61,349.16 0.00 61,349.16 0.00
Purchase 12/15/2022 60934N104 41,170.01 Federated Investors Government Obligations Fund
1.000 3.60% 41,170.01 0.00 41,170.01 0.00
Purchase 12/15/2022 60934N104 35,577.05 Federated Investors Government Obligations Fund
1.000 3.60% 35,577.05 0.00 35,577.05 0.00
Purchase 12/15/2022 60934N104 77,549.96 Federated Investors Government Obligations Fund
1.000 3.60% 77,549.96 0.00 77,549.96 0.00
Purchase 12/16/2022 60934N104 441.00 Federated Investors Government Obligations Fund
1.000 3.60% 441.00 0.00 441.00 0.00
Purchase 12/16/2022 60934N104 252.17 Federated Investors Government Obligations Fund
1.000 3.60% 252.17 0.00 252.17 0.00
Purchase 12/16/2022 60934N104 1,343.33 Federated Investors Government Obligations Fund
1.000 3.60% 1,343.33 0.00 1,343.33 0.00
Execution Time: 1/4/2023 12:50:44 AMChandler Asset Management - CONFIDENTIAL Page 21 of 35 A.10.a
Packet Pg. 107
Attachment: Investment Report - December 2022 (6126 : RECEIPT OF QUARTERLY INVESTMENT Transaction Ledger
As of December 31, 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 12/17/2022 60934N104 8,500.00 Federated Investors Government Obligations Fund
1.000 3.60% 8,500.00 0.00 8,500.00 0.00
Purchase 12/18/2022 60934N104 10,040.63 Federated Investors Government Obligations Fund
1.000 3.60% 10,040.63 0.00 10,040.63 0.00
Purchase 12/19/2022 60934N104 11,871.00 Federated Investors Government Obligations Fund
1.000 3.60% 11,871.00 0.00 11,871.00 0.00
Purchase 12/19/2022 60934N104 43,603.38 Federated Investors Government Obligations Fund
1.000 3.60% 43,603.38 0.00 43,603.38 0.00
Purchase 12/20/2022 60934N104 396.50 Federated Investors Government Obligations Fund
1.000 3.60% 396.50 0.00 396.50 0.00
Purchase 12/20/2022 60934N104 2,216.67 Federated Investors Government Obligations Fund
1.000 3.60% 2,216.67 0.00 2,216.67 0.00
Purchase 12/20/2022 60934N104 2,793.00 Federated Investors Government Obligations Fund
1.000 3.60% 2,793.00 0.00 2,793.00 0.00
Purchase 12/20/2022 60934N104 2,371.50 Federated Investors Government Obligations Fund
1.000 3.60% 2,371.50 0.00 2,371.50 0.00
Purchase 12/20/2022 60934N104 109,140.35 Federated Investors Government Obligations Fund
1.000 3.60% 109,140.35 0.00 109,140.35 0.00
Purchase 12/20/2022 60934N104 30,732.52 Federated Investors Government Obligations Fund
1.000 3.60% 30,732.52 0.00 30,732.52 0.00
Purchase 12/21/2022 60934N104 451.00 Federated Investors Government Obligations Fund
1.000 3.60% 451.00 0.00 451.00 0.00
Purchase 12/21/2022 60934N104 22,154.51 Federated Investors Government Obligations Fund
1.000 3.60% 22,154.51 0.00 22,154.51 0.00
Purchase 12/23/2022 60934N104 4,069.80 Federated Investors Government Obligations Fund
1.000 3.60% 4,069.80 0.00 4,069.80 0.00
Purchase 12/24/2022 60934N104 4,512.50 Federated Investors Government Obligations Fund
1.000 3.60% 4,512.50 0.00 4,512.50 0.00
Purchase 12/27/2022 60934N104 1,407.08 Federated Investors Government Obligations Fund
1.000 3.60% 1,407.08 0.00 1,407.08 0.00
Purchase 12/27/2022 60934N104 1,899.25 Federated Investors Government Obligations Fund
1.000 3.60% 1,899.25 0.00 1,899.25 0.00
Execution Time: 1/4/2023 12:50:44 AMChandler Asset Management - CONFIDENTIAL Page 22 of 35 A.10.a
Packet Pg. 108
Attachment: Investment Report - December 2022 (6126 : RECEIPT OF QUARTERLY INVESTMENT Transaction Ledger
As of December 31, 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 12/27/2022 60934N104 13,855.98 Federated Investors Government Obligations Fund
1.000 3.60% 13,855.98 0.00 13,855.98 0.00
Purchase 12/27/2022 60934N104 8,725.00 Federated Investors Government Obligations Fund
1.000 3.60% 8,725.00 0.00 8,725.00 0.00
Purchase 12/27/2022 60934N104 1,633.66 Federated Investors Government Obligations Fund
1.000 3.60% 1,633.66 0.00 1,633.66 0.00
Purchase 12/27/2022 60934N104 2,100.29 Federated Investors Government Obligations Fund
1.000 3.60% 2,100.29 0.00 2,100.29 0.00
Purchase 12/27/2022 60934N104 1,796.63 Federated Investors Government Obligations Fund
1.000 3.60% 1,796.63 0.00 1,796.63 0.00
Purchase 12/27/2022 60934N104 3,333.07 Federated Investors Government Obligations Fund
1.000 3.60% 3,333.07 0.00 3,333.07 0.00
Purchase 12/31/2022 60934N104 113,781.25 Federated Investors Government Obligations Fund
1.000 4.10% 113,781.25 0.00 113,781.25 0.00
Subtotal 2,184,533.15 2,188,439.40 798.42 2,189,237.82 0.00 TOTAL ACQUISITIONS 2,184,533.15 2,188,439.40 798.42 2,189,237.82 0.00
DISPOSITIONS
Sale 12/06/2022 60934N104 1,254,704.67 Federated Investors Government Obligations Fund
1.000 3.60% 1,254,704.67 0.00 1,254,704.67 0.00
Subtotal 1,254,704.67 1,254,704.67 0.00 1,254,704.67 0.00 Paydown 12/15/2022 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 12/15/2022 43813DAC2 20,938.30 Honda Auto Receivables 2020-2 A3
0.82% Due 7/15/2024
100.000 20,938.30 127.22 21,065.52 0.00
Paydown 12/15/2022 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
Execution Time: 1/4/2023 12:50:44 AMChandler Asset Management - CONFIDENTIAL Page 23 of 35 A.10.a
Packet Pg. 109
Attachment: Investment Report - December 2022 (6126 : RECEIPT OF QUARTERLY INVESTMENT Transaction Ledger
As of December 31, 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 12/15/2022 44891RAC4 43,815.97 Hyundai Auto Receivables Trust 2020-C A3
0.38% Due 5/15/2025
100.000 43,815.97 192.09 44,008.06 0.00
Paydown 12/15/2022 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 12/15/2022 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 12/15/2022 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 12/15/2022 44933LAC7 42,185.25 Hyundai Auto Receivables Trust 2021-A A3
0.38% Due 9/15/2025
100.000 42,185.25 226.40 42,411.65 0.00
Paydown 12/15/2022 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 12/15/2022 477870AC3 1,375.13 John Deere Owner Trust 2019-B A3
2.21% Due 12/15/2023
100.000 1,375.13 2.53 1,377.66 0.00
Paydown 12/15/2022 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 12/15/2022 47787NAC3 14,272.28 John Deere Owner Trust 2020-B A3
0.51% Due 11/15/2024
100.000 14,272.28 70.61 14,342.89 0.00
Paydown 12/15/2022 47789KAC7 34,116.03 John Deere Owner Trust 2020-A A3
1.1% Due 8/15/2024
100.000 34,116.03 197.46 34,313.49 0.00
Paydown 12/15/2022 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 12/15/2022 47800AAC4 0.00 John Deere Owner Trust 2022-B A3
3.74% Due 2/16/2027
100.000 0.00 2,727.08 2,727.08 0.00
Paydown 12/15/2022 47800BAC2 0.00 John Deere Owner Trust 2022-C A3
5.09% Due 6/15/2027
100.000 0.00 11,124.48 11,124.48 0.00
Paydown 12/15/2022 58769EAC2 61,297.34 Mercedes-Benz Auto Lease Trust 2020- B A3
0.4% Due 11/15/2023
100.000 61,297.34 51.82 61,349.16 0.00
Execution Time: 1/4/2023 12:50:44 AMChandler Asset Management - CONFIDENTIAL Page 24 of 35 A.10.a
Packet Pg. 110
Attachment: Investment Report - December 2022 (6126 : RECEIPT OF QUARTERLY INVESTMENT Transaction Ledger
As of December 31, 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 12/15/2022 65479JAD5 40,870.55 Nissan Auto Receivables Owner 2019-C A3
1.93% Due 7/15/2024
100.000 40,870.55 299.46 41,170.01 0.00
Paydown 12/15/2022 89236XAC0 35,470.28 Toyota Auto Receivables 2020-D A3
0.35% Due 1/15/2025
100.000 35,470.28 106.77 35,577.05 0.00
Paydown 12/15/2022 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 12/15/2022 89240BAC2 77,306.99 Toyota Auto Receivables Owners 2021- A A3
0.26% Due 5/15/2025
100.000 77,306.99 242.97 77,549.96 0.00
Paydown 12/16/2022 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 12/16/2022 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 12/16/2022 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 12/19/2022 43813KAC6 43,455.43 Honda Auto Receivables Trust 2020-3 A3
0.37% Due 10/18/2024
100.000 43,455.43 147.95 43,603.38 0.00
Paydown 12/20/2022 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
Paydown 12/20/2022 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 12/20/2022 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 12/20/2022 92290BAA9 108,830.42 Verizon Owner Trust 2020-B A
0.47% Due 2/20/2025
100.000 108,830.42 309.93 109,140.35 0.00
Paydown 12/20/2022 92348AAA3 30,638.68 Verizon Owner Trust 2019-C A1A
1.94% Due 4/22/2024
100.000 30,638.68 93.84 30,732.52 0.00
Execution Time: 1/4/2023 12:50:44 AMChandler Asset Management - CONFIDENTIAL Page 25 of 35 A.10.a
Packet Pg. 111
Attachment: Investment Report - December 2022 (6126 : RECEIPT OF QUARTERLY INVESTMENT Transaction Ledger
As of December 31, 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 12/20/2022 92348KAV5 0.00 Verizon Master Trust 2022-5 A1A
3.72% Due 7/20/2027
100.000 0.00 2,371.50 2,371.50 0.00
Paydown 12/21/2022 43813GAC5 22,084.06 Honda Auto Receivables Trust 2021-1 A3
0.27% Due 4/21/2025
100.000 22,084.06 70.45 22,154.51 0.00
Paydown 12/21/2022 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 12/27/2022 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 12/27/2022 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 12/27/2022 09690AAC7 13,707.48 BMW Vehicle Lease Trust 2021-2 A3
0.33% Due 12/26/2024
100.000 13,707.48 148.50 13,855.98 0.00
Paydown 12/27/2022 3137B7YY9 0.00 FHLMC K037 A2
3.49% Due 1/25/2024
100.000 0.00 8,725.00 8,725.00 0.00
Paydown 12/27/2022 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 12/27/2022 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 12/27/2022 3137FAWS3 0.00 FHLMC K067 A2
3.194% Due 7/25/2027
100.000 0.00 1,796.63 1,796.63 0.00
Paydown 12/27/2022 3137FBU79 0.00 FHLMC K069 A2
3.187% Due 9/25/2027
100.000 0.00 3,333.07 3,333.07 0.00
Subtotal 590,364.19 590,364.19 60,007.25 650,371.44 0.00 TOTAL DISPOSITIONS 1,845,068.86 1,845,068.86 60,007.25 1,905,076.11 0.00 Execution Time: 1/4/2023 12:50:44 AMChandler Asset Management - CONFIDENTIAL Page 26 of 35 A.10.a
Packet Pg. 112
Attachment: Investment Report - December 2022 (6126 : RECEIPT OF QUARTERLY INVESTMENT Transaction Ledger
As of December 31, 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 12/01/2022 46647PCH7 1,770,000.00 JP Morgan Chase & Co Callable Note Cont 6/1/2024
0.824% Due 6/1/2025
0.000 7,292.40 0.00 7,292.40 0.00
Interest 12/06/2022 74153WCQ0 1,185,000.00 Pricoa Global Funding Note
1.15% Due 12/6/2024
0.000 6,813.75 0.00 6,813.75 0.00
Interest 12/08/2022 89115A2C5 2,000,000.00 Toronto-Dominion Bank Note
4.108% Due 6/8/2027
0.000 41,080.00 0.00 41,080.00 0.00
Interest 12/10/2022 40139LBC6 1,700,000.00 Guardian Life Glob Fun Note
0.875% Due 12/10/2025
0.000 7,437.50 0.00 7,437.50 0.00
Interest 12/14/2022 3130A1XJ2 3,000,000.00 FHLB Note
2.875% Due 6/14/2024
0.000 43,125.00 0.00 43,125.00 0.00
Interest 12/15/2022 91282CDN8 3,000,000.00 US Treasury Note 1% Due 12/15/2024
0.000 15,000.00 0.00 15,000.00 0.00
Interest 12/17/2022 3135G04Z3 3,400,000.00 FNMA Note
0.5% Due 6/17/2025
0.000 8,500.00 0.00 8,500.00 0.00
Interest 12/18/2022 89236TJK2 1,785,000.00 Toyota Motor Credit Corp Note
1.125% Due 6/18/2026
0.000 10,040.63 0.00 10,040.63 0.00
Interest 12/19/2022 06051GJD2 1,800,000.00 Bank of America Corp Callable Note Cont 6/19/2025
1.319% Due 6/19/2026
0.000 11,871.00 0.00 11,871.00 0.00
Interest 12/23/2022 46647PCK0 840,000.00 JP Morgan Chase & Co Callable Note Cont 6/23/2024
0.969% Due 6/23/2025
0.000 4,069.80 0.00 4,069.80 0.00
Interest 12/24/2022 64952WDQ3 950,000.00 New York Life Global Note
0.95% Due 6/24/2025
0.000 4,512.50 0.00 4,512.50 0.00
Interest 12/31/2022 912828V23 3,150,000.00 US Treasury Note
2.25% Due 12/31/2023
0.000 35,437.50 0.00 35,437.50 0.00
Interest 12/31/2022 912828XX3 3,000,000.00 US Treasury Note 2% Due 6/30/2024
0.000 30,000.00 0.00 30,000.00 0.00
Interest 12/31/2022 91282CEW7 2,975,000.00 US Treasury Note
3.25% Due 6/30/2027
0.000 48,343.75 0.00 48,343.75 0.00
Subtotal 30,555,000.00 273,523.83 0.00 273,523.83 0.00
Execution Time: 1/4/2023 12:50:44 AMChandler Asset Management - CONFIDENTIAL Page 27 of 35 A.10.a
Packet Pg. 113
Attachment: Investment Report - December 2022 (6126 : RECEIPT OF QUARTERLY INVESTMENT Transaction Ledger
As of December 31, 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
Dividend 12/01/2022 60934N104 1,300,625.05 Federated Investors Government Obligations Fund
0.000 10,637.88 0.00 10,637.88 0.00
Subtotal 1,300,625.05 10,637.88 0.00 10,637.88 0.00
TOTAL OTHER TRANSACTIONS 31,855,625.05 284,161.71 0.00 284,161.71 0.00 Execution Time: 1/4/2023 12:50:44 AMChandler Asset Management - CONFIDENTIAL Page 28 of 35 A.10.a
Packet Pg. 114
Attachment: Investment Report - December 2022 (6126 : RECEIPT OF QUARTERLY INVESTMENT City of Moreno Valley Limited Strategy
MONTHLY ACCOUNT STATEMENT
DECEMBER 1, 2022 THROUGH DECEMBER 31, 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.10.a
Packet Pg. 115
Attachment: Investment Report - December 2022 (6126 : RECEIPT OF QUARTERLY INVESTMENT
ACCOUNT SUMMARY
Beg. Values
as of 11/30/22
End Values
as of 12/31/22
Market Value 10,091,583 10,121,301
Accrued Interest 0 0
Total Market Value 10,091,583 10,121,301
Income Earned 35,082 29,718
Cont/WD 0
Par 10,206,983 10,249,376
Book Value 10,091,583 10,121,301
Cost Value 10,055,038 10,055,038
TOP ISSUERS
Government of United States 99.4%
Federated GOVT Obligation MMF 0.6%
Total 100.0%
PORTFOLIO CHARACTERISTICS
Average Modified Duration 0.29
Average Coupon 4.25%
Average Purchase YTM 4.39%
Average Market YTM 4.39%
Average S&P/Moody Rating AAA/Aaa
Average Final Maturity 0.29 yrs
Average Life 0.00 yrs
CREDIT QUALITY (S&P)
MATURITY DISTRIBUTION
SECTOR ALLOCATION
Portfolio Summary
As of December 31, 2022
City of Moreno Valley Limited Strategy
PERFORMANCE REVIEW
Annualized
TOTAL RATE OF RETURN 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Execution Time: 1/4/2023 2:11:52 AMChandler Asset Management - CONFIDENTIAL Page 30 of 35 A.10.a
Packet Pg. 116
Attachment: Investment Report - December 2022 (6126 : 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; Under a provision sunsetting on January 1, 2026, no more than 40% of the portfolio may be invested in Commercial Paper if the Agency’s investment assets under management are greater than $100,000,000 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 Max Per Issuer 5% of portfolio per issuer, except US Government, its agencies and instrumentalities, Supranational issuers, investment pools, and money funds or money market mutual funds Complies Maximum Maturity 5 years Complies
Weighted Average Maturity 3 years Complies
Statement of Compliance
As of December 31, 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.
A.10.a
Packet Pg. 117
Attachment: Investment Report - December 2022 (6126 : RECEIPT OF QUARTERLY INVESTMENT REPORT - Holdings Report
As of December 31, 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
59,375.93 11/03/2022
4.10%
59,375.93
59,375.93
1.00 4.10%
59,375.93
0.00 0.59%
0.00 Aaa / AAA
AAA
0.00 0.00
Total Money Market Fund 59,375.93 4.10%
59,375.93
59,375.93 4.10%
59,375.93
0.00 0.59%
0.00 Aaa / AAA
AAA
0.00 0.00
US TREASURY
912796YU7 US Treasury Bill
4.195% Due 4/13/2023
3,000,000.00 10/17/2022
4.34%
2,938,123.75
2,964,342.50
98.81 4.34%
2,964,342.50
0.00 29.29%
0.00 P-1 / A-1+
F-1+
0.28 0.28
912796CU1 US Treasury Bill
4.348% Due 4/18/2023
3,000,000.00 12/22/2022
4.47%
2,957,607.00
2,961,230.33
98.71 4.47%
2,961,230.33
0.00 29.26%
0.00 P-1 / A-1+
F-1+
0.30 0.29
912796V48 US Treasury Bill
4.229% Due 4/20/2023
4,190,000.00 10/18/2022
4.38%
4,099,931.15
4,136,352.43
98.72 4.38%
4,136,352.43
0.00 40.87%
0.00 P-1 / A-1+
F-1+
0.30 0.29
Total US Treasury 10,190,000.00 4.40%
9,995,661.90
10,061,925.26 4.40%
10,061,925.26
0.00 99.41%
0.00 P-1 / A-1+
F-1+
0.29 0.29
TOTAL PORTFOLIO 10,249,375.93 4.39%
10,055,037.83
10,121,301.19 4.39%
10,121,301.19
0.00 100.00%
0.00 Aaa / AAA
AAA
0.29 0.29
TOTAL MARKET VALUE PLUS ACCRUED 10,121,301.19
Execution Time: 1/4/2023 2:11:52 AMChandler Asset Management - CONFIDENTIAL Page 32 of 35 A.10.a
Packet Pg. 118
Attachment: Investment Report - December 2022 (6126 : RECEIPT OF QUARTERLY INVESTMENT Transaction Ledger
As of December 31, 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 12/22/2022 912796CU1 3,000,000.00 US Treasury Bill
4.348% Due 4/18/2023
98.587 4.47% 2,957,607.00 0.00 2,957,607.00 0.00
Subtotal 3,000,000.00 2,957,607.00 0.00 2,957,607.00 0.00 TOTAL ACQUISITIONS 3,000,000.00 2,957,607.00 0.00 2,957,607.00 0.00
DISPOSITIONS
Sale 12/22/2022 60934N104 2,957,607.00 Federated Investors Government Obligations Fund
1.000 3.60% 2,957,607.00 0.00 2,957,607.00 0.00
Subtotal 2,957,607.00 2,957,607.00 0.00 2,957,607.00 0.00 TOTAL DISPOSITIONS 2,957,607.00 2,957,607.00 0.00 2,957,607.00 0.00 Execution Time: 1/4/2023 2:11:52 AMChandler Asset Management - CONFIDENTIAL Page 33 of 35 A.10.a
Packet Pg. 119
Attachment: Investment Report - December 2022 (6126 : RECEIPT OF QUARTERLY INVESTMENT Market volatility has intensified as financial conditions tighten and global central banks pursue monetary policies to combat persistently high inflation and maintain financial market stability.
Labor markets remain strong, although the pace of job growth is moderating. Inflation is weighing on consumer sentiment and negatively impacting savings rates. Corporate earnings have generally performed better than expected, but warnings are growing along with wider credit spreads this year. While evidence of slower economic conditions has begun to mount, we expect the Federal Reserve to continue to raise rates to battle inflation, albeit perhaps at a less aggressive pace. Over the near-term, we expect financial market volatility to remain intensified and conditions tighter with persistent inflation, geopolitical risk, and the Fed's hawkish monetary policy.
The Federal Open Market Committee (FOMC) raised the fed funds target rate by 50 basis points, as expected, at their December 14 meeting to a range of 4.25% - 4.50%, the highest level since 2007 and an increase of 425 basis points since the beginning of the year. This is the seventh consecutive rate increase in this cycle, and was a deceleration from the past four rate hikes of 75 basis points each. Federal Reserve Chairman Powell indicated that they expect to see a weakening of financial conditions as they continue to tighten monetary policy. We believe that the Fed will continue to hike in early 2023 but will look to pause if inflationary pressures continue to subside.
In November, yields declined significantly while the yield curve became more inverted. The 2-year Treasury yield declined 17 basis points to 4.31%, the 5-year Treasury yield fell 49 basis points to 3.74%, and the 10-year Treasury yield dropped 44 basis points to 3.61%. The inversion between the 2-year Treasury yield and 10-year Treasury yield widened to -71 basis points while the 3-month and 10-year treasuries widened to -74 basis points in November.
Market Summary
Treasury Yields Fell in November
BOND MARKET REVIEW
A Monthly Review of Fixed Income Markets
DECEMBER 2022
Chandler Asset Management | 800.317.4747 | chandlerasset.com | Page 1 TREASURY YIELDS Trend (▲/▼) 11/30/2022 10/31/2022 Change 3-Month ▲ 4.35 4.07 0.28
2-Year ▼ 4.31 4.49 -0.17
3-Year ▼ 4.05 4.44 -0.39
5-Year ▼ 3.74 4.23 -0.49
7-Year ▼ 3.68 4.15 -0.46
10-Year ▼ 3.61 4.05 -0.44
30-Year ▼ 3.74 4.17 -0.43
Source: Bloomberg
Although yields on Treasury securities fell in November, they remain significantly higher from a year ago. The 2-year Treasury yield was 374 basis points higher, and the 10-Year Treasury yield was about 216 basis points higher, year-over-year. The inversion between the 2-year Treasury yield and 10-year Treasury yield widened to -71 basis points at November month- end versus -44 basis points at October month-end. The average historical spread (since 2003) is about +130 basis points. The inversion between 3-month and 10-year treasuries widened to -74 basis points in November from -2 basis points in October. The shape of the yield curve indicates that the probability of recession is increasing.
Market Data
World Stock Market Indices
data as of 11/30/2022
Change
(10/31/2022) %CHG
S&P 500
4,080.11 208.13 5.38%
NASDAQ
11,468.00 479.85 4.37%
DOW JONES
34,589.77 1,856.82 5.67%
FTSE (UK)
7,573.05 478.52 6.74%
DAX (Germany)
14,397.04 1,143.30 8.63%
Hang Seng (Hong Kong)
18,597.23 3,910.21 26.62%
Nikkei (Japan)
27,968.99 381.53 1.38%
Source: Bloomberg. Please see
descriptions of indices on Page 2.
Toll Free: 800.317.4747
[email protected]
chandlerasset.com
Source: Bloomberg
A.10.a
Packet Pg. 120
Attachment: Investment Report - December 2022 (6126 : RECEIPT OF QUARTERLY INVESTMENT REPORT - QUARTER ENDED DECEMBER 31, Economic Roundup
Consumer Prices
The Consumer Price Index (CPI) increased less than expected in November, up 7.1% year-over-year versus consensus expectations for 7.3%, and down from
7.7% from the October release. The Core CPI, which excludes volatile food and energy components, rose 6.0% year-over-year, down from a 6.3% increase in October. Food and shelter costs continued to rise but were offset by broad price declines in energy along with prices of used cars and trucks. The Personal Consumption Expenditures (PCE) index rose 6.0% year-over-year in October, versus an upwardly revised 6.3% year-over-year in September. Core PCE increased 5.0% year-over-year in October versus 5.2% year-over-year in September. Although the pace of inflation is below its recent highs, levels remain well above the Fed’s target of around 2%, which is likely to keep the Federal Reserve on the path of tightening monetary policy. If inflation trends continue to decline consistently, the Fed may tighten at a less aggressive pace.
Retail Sales
Advance retail sales fell 0.6% in November, mostly due to declines in auto sales, after surging 1.3% in October. This equates to +6.5% year-over-year, continuing the trend of slower growth as headwinds from higher interest rates combined with elevated prices took a toll on consumer spending. The Conference Board’s Consumer Confidence Index dropped 2 points to 100.2 in November as views of current conditions, the future outlook for the economy, and income expectations all declined. The US savings rate dipped to 2.3% in October, the lowest level since 2005, as consumers continue to be squeezed by higher prices and financing rates. Demand for goods and services going into the holiday season was strong as shoppers took advantage of Black Friday and Cyber Monday discounts from retailers looking to move excess inventory.
Labor Market
The U.S. economy added 263,000 jobs in November, surpassing market expectations of 200,000, while gains were revised downward by 23,000 for the prior two months. Trends in employment remain strong, with the three-month moving average payrolls at 272,000 and the six-month moving average at 323,000. Gains were broad-based, led by leisure and hospitality followed by healthcare and government. The unemployment rate was unchanged at
3.7%, and the labor participation rate dipped to 62.1% in November from 62.2% in October. The U-6 underemployment rate, which includes those who are marginally attached to the labor force and employed part time for economic reasons eased to 6.7% from 6.8% last month. Average hourly earnings rose
5.1% year-over-year in November compared to 4.9% year-over-year in October. While the pace of job growth is moderating, the report demonstrates a strong demand for labor and provides the Fed further support for continued rate hikes.
Housing Starts
Total housing starts declined 4.2% to an annual rate of 1,425,000 in October, after an upward revision to 1,488,000 units in September. Single-family home starts fell 6.1%, whereas multi-family starts declined by a more modest 1.2% month-over-month. On a year-over-year basis, total housing starts decreased
8.8% reflecting a shift from single-family units to more affordable multi-family units as homebuyers struggle with a combination of elevated prices and higher mortgage rates. Mortgage rates for a 30-year fixed-rate loan remain at a decade high, though rates receded to 6.39% by the end of November.
According to the Case-Shiller 20-City Home Price Index, the year-over-year increase continued its declining rate of gain to +10.4% in September from +13.1% in August, clearly displaying the impact of higher mortgage rates which have reduced demand for homebuying as affordability has declined.
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.
Inflation Remains Above the Federal Reserve's Target but has Receded from its Recent Highs
ECONOMIC INDICATOR Current Release Prior Release One Year Ago Trade Balance (78.20) $Bln OCT 22 (74.13) $Bln SEP 22 (68.16) $Bln OCT 21 Gross Domestic Product (2.90%) SEP 22 (0.60%) JUN 22 2.70% SEP 21 Unemployment Rate 3.70% NOV 22 3.70% OCT 22 4.20% NOV 21 Prime Rate 7.00% NOV 22 6.25% OCT 22 3.25% NOV 21
Refinitiv/CoreCommodity CRB Index 279.76 NOV 22 274.13 OCT 22 219.19 NOV 21 Oil (West Texas Int.) $80.55 NOV 22 $86.53 OCT 22 $66.18 NOV 21 Consumer Price Index (y/o/y) 7.10% NOV 22 7.70% OCT 22 6.80% NOV 21 Producer Price Index (y/o/y) 10.60% NOV 22 11.20% OCT 22 13.30% NOV 21 Euro/Dollar 1.04 NOV 22 0.99 OCT 22 1.13 NOV 21
Credit Spreads tightened in November
CREDIT SPREADS Spread to Treasuries (%) One Month Ago (%) Change 3-month top rated commercial paper 0.22 0.37 (0.15)
2-year A corporate note 0.37 0.56 (0.19)
5-year A corporate note 0.92 0.98 (0.06)
5-year Agency note 0.29 0.20 0.08
Source: Bloomberg Data as of 11/30/2022
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.
A.10.a
Packet Pg. 121
Attachment: Investment Report - December 2022 (6126 : RECEIPT OF QUARTERLY INVESTMENT REPORT - QUARTER ENDED DECEMBER 31,
Report to City Council
ID#6125 Page 1
TO: Mayor and City Council
FROM: Brian Mohan, Assistant City Manager
AGENDA DATE: February 21, 2023
TITLE: ADOPT RESOLUTION NO. 2023 -XX DESIGNATING AND
AUTHORIZING CERTAIN CITY OFFICIALS TO EXECUTE
DOCUMENTS FOR THE CALIFORNIA VIOLENCE
INTERVENTION A ND PREVENTION (CALVIP) GRANT
PROGRAM
RECOMMENDED ACTION
Recommendations:
1. Adopt Resolution No. 2023 -XX, a Resolution of the City Council of the City of Moreno Valley, California, designating and authorizing City Manager, City Attorney and Chief Financial Officer to execute applications and documents for the purposes of obtaining and managing California Violence intervention and Prevention (CalVIP) Grant Program Funds awarded through The Board of State and Community Corrections (BSCC).
SUMMARY
This report recommends that City Council adopt s Resolution No. 2023-XX designating and authorizing the City Manager, City Attorney and Chief Financial Officer to execute applications and documents for the purposes of obtaining and managing the CalVIP grant through the Board of State and Community Corrections (BSCC).
DISCUSSION
On January 4, 2022, City Council authorized City staff to apply for a $1.5M CalVIP grant, through the BSCC, which included the following grant requirements:
• Grant required 100% cash or in-kind match
• Partner with a Community Based Organization(s) that will provide the necessary A.11
Packet Pg. 122
programs as required by the grant
• Negotiate a Memorandum of Understanding with a Community Based Organization (CBO) partner, which clearly outlines the responsibilities of the City and the CBO(s) to ensure grant compliance
Through those efforts, the City was awarded $1.5M ($500K for FY 22/23, $500K for FY 23/24, and $500K for FY 24/25) allocated over a 3-year period.
However, to apply for, receive, and manage the CalVIP Grant Program Funds through the BSCC, the City of Moreno Valley was also required to designate certain City officials who are authorized to execute all pertinent grant applications and related documents.
Through the recommended adoption of Resoluti on No. 2023-XX, it will authorize the City Manager, City Attorney and Chief Financial Officer to Execute Applications and Documents for the purposes of obtaining, managing, and executing all grant applications and related documents necessary for compliance and successful administration of the CalVIP grant.
With the acceptance of these recommend ations, the City will assist in the deterrence and prevention of violence in the Moreno Valley community.
ALTERNATIVES
1. Approve and authorize the recommended acti ons presented in this staff report.
Staff recommends this alternative as it will allow the City to execute necessary grant documents in order to successfully manage the CalVIP grant.
2. Do not approve and authorize the recommended actions in this staff repo rt. Staff does not recommend this alternative as it would prevent from executing necessary grant documents in order to successfully manage the CalVIP grant.
FISCAL IMPACT
No fiscal impact is requested at this time.
ATTACHMENTS
Attachment 1 – Proposed Resolution NO. 2021-XX
PREPARATION OF STAFF REPORT
Prepared By: Department Head Approval:
Felicia London Brian Mohan
Purchasing & Sustainability Division Manager Assistant City Manager/CFO/Treasurer
CITY COUNCIL GOALS
None
A.11
Packet Pg. 123
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
To view large attachments, please click your “bookmarks” on the left hand side of this document for the necessary attachment.
1. CalVIP Signatory Authority Resolution
APPROVALS
Budget Officer Approval ✓ Approved . 2/15/23 11:53 AM City Attorney Approval ✓ Approved .
City Manager Approval ✓ Approved . 2/15/23 11:55 AM A.11
Packet Pg. 124
Attachment 1
1 Resolution No. 2023-XX
Date Adopted: February 21, 2023
RESOLUTION NO. 2023-XX
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MORENO VALLEY, CALIFORNIA, RESOLUTION NO.
2023-XX DESIGNATING AND AUTHORIZING CERTAIN
CITY OFFICIALS TO EXECUTE DOCUMENTS FOR THE
FOR THE CALIFORNIA VIOLENCE INTERVENTION AND
PREVENTION (CALVIP) GRANT PROGRAM.
WHEREAS, the City Council of the City of Moreno Valley shall hereby adopt Resolution NO. 2023-xx designating and authoriz ing City Manager, City Attorney and Chief Financial Officer to execute applications and documents for the pu rposes of obtaining and managing the California Violence intervention and Prevention (CalVIP) Grant Program Funds and;
WHEREAS, the Board of State and Community Corrections (BSCC) has required that the Moreno Valley City Co uncil designate certain City offi cials to execute applications and documents in order to comply and successfully administer CalVIP grant funds.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MORENO
VALLEY, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:
1. That the City Manager, C ity Atto rney and Chief Financial Officer are hereby authorized to execute for and on behalf of the City of Moreno Valley, a local government established under the laws of the State of California, applications, and other related documents for the purpose of managing the California Violence intervention and Prevention (CalVIP) Grant Program.
2. Severability
That the City Council declares that, should any provisi on, section, paragraph, sentence, or word of this Resolution be rendered or declared invalid by any final court action in a court of competent jurisdiction or by reason of any preemptive legislation, the remaining provisions, sections, paragraphs, sentences or words of this Resolution as hereby adopted shall remain in full force and effect.
3. Effective Date.
That this Resolution shall take effect retroactively to July 1, 2022.
A.11.a
Packet Pg. 125
Attachment: CalVIP Signatory Authority Resolution (6125 : CalVIP Signature Authority Resolution) 2 Resolution No. 2023-XX
Date Adopted: February 21, 2023
4. Certification.
That the City Clerk shall certify to the passage of this resolution and enter it into the book of original resolutions.
APPROVED AND ADOPTED this 21 day of February 2023.
___________________________
Mayor of the City of Moreno Valley
ATTEST:
____________________________
City Clerk
APPROVED AS TO FORM:
____________________________
City Attorney
A.11.a
Packet Pg. 126
Attachment: CalVIP Signatory Authority Resolution (6125 : CalVIP Signature Authority Resolution) 3 Resolution No. 2023-XX
Date Adopted: February 21, 2023
RESOLUTION JURAT
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF MORENO VALLEY )
I, Jane Halstead, City Clerk of the City of Moreno Valley, California, do hereby certify that Resolution No. 2023-XX was duly and regularly adopted b y the City Council of the City of Moreno Valley at a regu lar m eeting thereof held on the 21st day of February, 2023 by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
(Council Members, Mayor Pro Tem and Mayor)
___________________________________
CITY CLERK
(SEAL)
A.11.a
Packet Pg. 127
Attachment: CalVIP Signatory Authority Resolution (6125 : CalVIP Signature Authority Resolution)
Report to City Council
ID#6086 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
Mike Lee, City Manager
AGENDA DATE: February 21, 2023
TITLE: FISCAL YEAR 2022/23 MID -YEAR BUDGET REVIEW AND
APPROVAL OF THE MID-YEAR BUDGET AMENDMENTS
RECOMMENDED ACTION
Recommendations: That the City Council:
1. Receive and file the Fiscal Year 2022/23 Mid-Year Budget Review.
2. Adopt Resolution No. 2023 -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 Schedules effective February 22, 2023.
Recommendations: That the CSD:
1. Adopt Resolution No. CSD 2023 -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 (FY) 2022/23.
Recommendation: That the HA:
1. Adopt Resolution No. HA 2023 -XX. A resolution of the Moreno Valley Housing Authority of the City of Moreno Valley, California, adopting the revised operating and capital budget for Fiscal Year 2022/23.
A.12
Packet Pg. 128
SUMMARY
This report provi des the Mid -Year Budget Report, which updates the Mayor and City Council regarding current year financial trends and provides the Fiscal Year 2022/23 Mid-Year Budget Review through December 31, 2022. This report also requests the approval of certain FY 2022/23 revenue and expenditure budget amendments.
DISCUSSION
Based on a long -term practice of maintaining a structurally balanced budget and being identified as one of the most fiscally fit cities in the Country, on May 4, 2021, the City Council continued t his trend and adopted the Two -Year Operating Budget for Fiscal Years 2021/22 – 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 the City, including the General Fund, Community Services District, Housing Authority and Successor 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. Additional ly, 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 Mid -Year Review for the first six months, July thru December. The Mid-Year budget review will focus primarily on the City’s General Fund.
This review will also present six-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 funding is directed toward one -time expenditures. This report identifies the budget adjustments as recommended by the City Manager.
FISCAL YEAR 2022/23 MID-YEAR REVIEW:
This Mid -Year Report updates the Mayor and City Council regarding current year 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 50% of the fiscal year has elapsed, based on historic trends revenues are estimated to be at approximately 30% of the budgeted amount. Actual revenues received are currently 3 5% of b udget. As the FY 2022/23 revenue estimates were developed prior to the adoption of the budget on May 4, 2021, the revenue estimates may require adjustments based on the FY 2022/23 A.12
Packet Pg. 129
actuals and revised projections throughout the year. Although there will b e variances in some of the amounts budgeted, the total is expected to remain within 1% of the 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 eac h fiscal year.
General Fund Expenditure Update
Although not all expenditures follow a straight -line spending pattern, operating expenditures should track close to within 50% of budget for the year at the end of the first six months. As of December 31, 202 2, total General Fund expenditures were at 36%. 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 $138.7 million. Based on economic activity and revenue collections through December 2022, staff is recommending Mid -Year budget increase of $1,569,415 to approximately $140.3 million.
The FY 2022/23 General Fund expenditures budget as currently amended, and excluding one-time expenditures from fund balance, totals approximately $141.9 million.
The recommended Mid-Year budget amendments increase expenditures by $1,644,415 to $143.5 million. 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.
Fund Type
(Rev/Exp)
FY 2022/23
Amended
Budget (1)
Proposed
Adjustments
FY 2 022/23
Amended
Budget (2)
Proposed
Adjustments
(%)
General Fund Rev $138,683,384
$1,569,415
$140,252,799
<1%
General Fund Exp $141,899,044
$1,644,415
$143,543,459
<1%
Net Total ($3,215,660) $75,000 ($3,290,660)
Summaries of Other Major Funds
The following provides a summary of some of the proposed budget adjustments to other major funds. A complete list of all changes are identified in Exhibit A to the Resolutions.
American Rescue Plan (Fund 2610)
Adjusting budget for earned revenue.
A.12
Packet Pg. 130
Electric (Fund 6010)
Adjusting budget for projected expense.
City Position Summary Action
The City Position Summary as amended by the City Council serves as an important internal control tool for City Council to establish authorized positions for th e City while enabling staff to manage within the authorized and funded positions. Because of operational changes, some positions are being requested to be adjusted 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
Community Development Department
Animal Control Officer NE/C15 (1) $2,201
Registered Veterinary Technician NE/C16 1
Financial & Management Services Department
Grants Division Manager DMG/C33 1 $696,352
Senior Management Analyst PAM/C27 3
Parks & Community Services Department
Community Services Superintendent PAM/C23 (1) $6,665
Community Services Superintendent PAM/C25 1
Temp Comm Svcs Assistant Coordinators TEMP/C08 $11,182 (Increase hrs from 19/wk to 29/wk)
Public Works Department
Maintenance Worker II NE/C15 (1)
$2,201
Maintenance Worker/Work
Release Coordinator
NE/C16 1
Electric Utility Program Coordinator PAM/C24 (1) $10,763 Electric Utility Program Coordinator PAM/C27 1
Total Adjustment 4 $729,364
ALTERNATIVES
1. Approve Recommended Acti ons 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 current fiscal year A.12
Packet Pg. 131
and the City is able to modify budge ts 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 Actions as set forth in this staff report, including the res olutions 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 se rve 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
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 f or 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.
CITY COUNCIL STRATEGIC PRIORITIES
1. Economic Development
2. Public Safety
3. Library
4. Infrastructure
5. Beautification, Community Engagement, and Quality of Life A.12
Packet Pg. 132
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 6.2: Improve health, wellness and fitness for Moreno Valley youth through recreation and sports programs.
ATTACHMENTS
To view large attachments, please click your “bookmarks” on the left hand side of this document for the necessary attachment.
1. FY 22-23 Mid-Year Financial Summary Report
2. City Resolution 2023-XX
3. CSD Resolution 2023-XX
4. SA Resolution 2023-XX
5. FY 22-23 Mid-Year Exhibit A Proposed Amendments
6. FY 22-23 Mid-Year City Position Summary
7. Salary Schedule Career effective 2.22.23
APPROVALS
Budget Officer Approval ✓ Approved . 2/15/23 3:15 PM City Attorney Approval ✓ Approved .
City Manager Approval ✓ Approved . 2/15/23 3:29 PM A.12
Packet Pg. 133
1 City of Moreno Valley
Fiscal Year 2022/23
Mid-Year Financial Summary
TO: Mayor and City Council
FROM: Brian Mohan, Chief Financial Officer/City Treasurer DATE: February 21, 2023
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 expenditures that may o ccur will be shared with the City Council.
This report provides a review of the unaudited financial results at the Mid-Year of FY 2022/23 (July 2022 – December 2022, 50% of the fiscal year).
A.12.a
Packet Pg. 134
Attachment: FY 22-23 Mid-Year Financial Summary Report (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET REVIEW AND APPROVAL OF THE Mid-Year Financial Summary FY 2022/23 2
CITYWIDE OPERATING EXPENDITURE SUMMARY
The following table contains a summary of the adopted budget, amended budget and the Mid- Year 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 Mid-Year 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
12/31/22
(unaudited)
% of Amended
Budget
Fund/Component Unit
General Fund $ 124,521,412 $ 141,899,044 $ 50,853,665 35.8% Community Services District (CSD) 23,946,062 33,665,836 10,568,477 31.4% Successor Agency 4,173,275 2,677,466 1,360,030 50.8% Housing Fund 165,000 279,870 31,692 11.3% Special Revenue Funds 32,127,095 113,925,254 30,750,153 27.0% Capital Projects Funds 1,213,705 93,007,441 3,595,272 3.9% Electric Utility Funds 42,022,198 50,602,472 20,114,445 39.7% Internal Service Funds 11,562,936 12,676,034 6,439,181 50.8% Debt Service Funds 4,247,163 4,247,163 2,338,418 55.1% * Total 243,978,846$ 452,980,580$ 126,051,335$ 27.8% *Due to bond refinancing.
A.12.a
Packet Pg. 135
Attachment: FY 22-23 Mid-Year Financial Summary Report (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET REVIEW AND APPROVAL OF THE Mid-Year 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
12/31/22
(unaudited)
% of Amended
Budget
Revenues:
Taxes:
Property Tax $ 18,838,500 $ 19,738,500 $ 5,917,823 30.0% Property Tax in-lieu 25,623,093 25,623,093 - 0.0% Utility Users Tax 15,717,540 15,717,540 8,964,989 57.0% Sales Tax 23,005,000 35,391,098 12,335,660 34.9% Other Taxes 16,653,787 16,666,375 6,336,116 38.0% Licenses & Permits 5,364,135 5,364,135 2,670,064 49.8% Intergovernmental 345,000 610,803 155,520 25.5% Charges for Services 12,797,871 13,270,371 8,035,409 60.6% Use of Money & Property 4,669,753 4,669,753 2,889,255 61.9% Fines & Forfeitures 504,500 504,500 197,005 39.0% Miscellaneous 166,000 166,000 130,637 78.7% Total Revenues $ 123,685,179 $ 137,722,168 $ 47,632,478 34.6% Expenditures:
Personnel Services $ 25,197,956 $ 27,760,932 12,694,133$ 45.7% Contractual Services 86,478,353 70,187,477 28,155,365 40.1% Material & Supplies 2,108,180 3,711,994 990,189 26.7% General Government - - - - Debt Service - - - - Fixed Charges 6,171,821 6,171,821 2,947,612 47.8% Fixed Assets - 45,739 8,104 17.7% Total Expenditures $ 119,956,310 $ 107,877,963 $ 44,795,403 41.5% Excess (Deficiency) of Revenues
Over (Under) Expenditures $ 3,728,869 $ 29,844,205 $ 2,837,075 Transfers:
Transfers In $ 845,573 $ 961,216 $ 50,000 5.2% Transfers Out 4,565,102 34,021,081 6,058,262 17.8% Net Transfers $ (3,719,529) $ (33,059,865) $ (6,008,262) Total Revenues & Transfers In $ 124,530,752 $ 138,683,384 $ 47,682,478 34.4% Total Expenditures & Transfers Out 124,521,412 141,899,044 50,853,665 35.8% Net Change of Fund Balance $ 9,340 $ (3,215,660) $ (3,171,187) A.12.a
Packet Pg. 136
Attachment: FY 22-23 Mid-Year Financial Summary Report (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET REVIEW AND APPROVAL OF THE Mid-Year 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 2022/23 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 13.7% of the budgeted property tax revenue through Mid-Year. The City has currently received 13% through Mid-Year. 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
12/31/22
(unaudited)
% of Amended
Budget
Revenues:
Taxes:
Property Tax $ 18,838,500 $ 19,738,500 $ 5,917,823 30.0% Property Tax in-lieu 25,623,093 25,623,093 - 0.0% Utility Users Tax 15,717,540 15,717,540 8,964,989 57.0% Sales Tax 23,005,000 35,391,098 12,335,660 34.9% Other Taxes 16,653,787 16,666,375 6,336,116 38.0% Licenses & Permits 5,364,135 5,364,135 2,670,064 49.8% Intergovernmental 345,000 610,803 155,520 25.5% Charges for Services 12,797,871 13,270,371 8,035,409 60.6% Use of Money & Property 4,669,753 4,669,753 2,889,255 61.9% Fines & Forfeitures 504,500 504,500 197,005 39.0% Miscellaneous 166,000 166,000 130,637 78.7% Total Revenues $ 123,685,179 $ 137,722,168 $ 47,632,478 34.6% A.12.a
Packet Pg. 137
Attachment: FY 22-23 Mid-Year Financial Summary Report (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET REVIEW AND APPROVAL OF THE Mid-Year Financial Summary FY 2022/23 5
Sales Taxes
Sales taxes were budgeted to increase by 24% as compared to the FY 2022/23 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 34% of the budgeted sales tax revenue through Mid-Year. The City has currently received 35% through Mid- Year.
A.12.a
Packet Pg. 138
Attachment: FY 22-23 Mid-Year Financial Summary Report (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET REVIEW AND APPROVAL OF THE Mid-Year Financial Summary FY 2022/23 6
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.
Utility Users Tax Utility
Utility Users Tax were budgeted to remain the same as compared to FY 2022/23 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 historica l averages of actual receipts, the City is estimated to receive 46% of the budgeted utility users tax revenue through Mid-Year. The City has currently received 57% through Mid-Year.
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 2022/23 Amended Budget.
Based on historical averages of actual receipts, the City is estimated to receive 30% of the budgeted Other Taxes revenue through Mid-Year. The City has currently received 45% through Mid-Year.
A.12.a
Packet Pg. 139
Attachment: FY 22-23 Mid-Year Financial Summary Report (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET REVIEW AND APPROVAL OF THE Mid-Year 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 conservatively budgeted to decrease by 2% as compared to the FY 2022/23 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 51% of the budgeted Licenses & Permits revenue through Mid-Year. The City has currently received 50% through Mid-Year. The collection rate is related primarily to building and business license permit activities.
A.12.a
Packet Pg. 140
Attachment: FY 22-23 Mid-Year Financial Summary Report (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET REVIEW AND APPROVAL OF THE Mid-Year 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 5% as compared to the FY 2022/23 Amended Budget.
Based on historical averages of actual receipts, the City is estimated to receive 51% of the budgeted Charges for Services revenue through Mid-Year. The City has currently received 59% through Mid-Year.
Chart 6. General Fund Mid-Year Revenue Trend - Charges for Services A.12.a
Packet Pg. 141
Attachment: FY 22-23 Mid-Year Financial Summary Report (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET REVIEW AND APPROVAL OF THE Mid-Year Financial Summary FY 2022/23 9
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 Yield to Maturity (YTM) for December 2022 of
1.62%. In addition, the City maintained funds in the State Local Agency Investment Fund Pool (LAIF) with a YTM of 2.173%. LAIF is realizing considerable investment gains based on the increases to the Federal Funds target rate increase. FOMC is expected to keep rates higher thru 2023 with no reductions until 2024. The FOMC target rate is estimated to be roughly 5.25% at the end of calendar year 2023. Staff will continue to monitor closely to insure we maximize our investment income going forward.
A.12.a
Packet Pg. 142
Attachment: FY 22-23 Mid-Year Financial Summary Report (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET REVIEW AND APPROVAL OF THE Mid-Year Financial Summary FY 2022/23 10
General Fund Expenditures
Expenditures are being spent in -line with prior year expenditures . 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
12/31/22
(unaudited)
% of Amended
Budget
Department
City Council $ 989,295 $ 1,031,642 $ 386,280 37.4% City Clerk 926,131 1,223,051 207,450 17.0% City Manager 1,635,916 1,657,916 841,813 50.8% City Attorney 486,154 486,154 458,901 94.4% Community Development 10,835,694 11,893,379 5,101,268 42.9% Economic Development 2,237,740 2,237,740 929,045 41.5% Financial & Management Services 13,755,573 15,339,662 5,741,833 37.4% Public Works 9,995,500 12,339,140 5,053,958 41.0% Non-Departmental 6,143,292 34,985,897 8,010,775 22.9% Non-Public Safety Subtotal $ 47,005,295 $ 81,194,581 $ 26,731,323 32.9% Public Safety
Police $ 53,936,492 $ 40,939,528 $ 14,914,588 36.4% Fire 23,579,625 19,764,935 9,207,754 46.6% Public Safety Subtotal $ 77,516,117 $ 60,704,463 $ 24,122,342 39.7% Total $ 124,521,412 $ 141,899,044 $ 50,853,665 A.12.a
Packet Pg. 143
Attachment: FY 22-23 Mid-Year Financial Summary Report (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET REVIEW AND APPROVAL OF THE Mid-Year Financial Summary FY 2022/23 11
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 parcel 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
12/31/22
(unaudited)
% of Amended
Budget
Revenues:
Taxes:
Property Tax $ 6,066,819 $ 6,066,819 $ 2,000,065 33.0% Other Taxes 6,727,600 6,727,600 59,288 0.9% Intergovernmental - 32,035 36,986 115.5% Charges for Services 5,918,779 5,918,779 573,479 9.7% Use of Money & Property 1,122,455 995,954 440,594 44.2% Fines & Forfeitures 30,000 30,000 1,281 4.3% Miscellaneous 25,210 25,210 21,822 86.6% Transfers In 1,753,761 8,754,354 3,985,996 45.5% Total Revenues $ 21,644,624 $ 28,550,751 $ 7,119,511 24.9% Expenditures:
Library Services Fund (5010) $ 3,070,222 $ 3,190,212 $ 1,359,774 42.6% Zone A Parks Fund (5011) 10,514,329 18,778,743 6,034,427 32.1% LMD 2014-01 Residential Street Lighting Fund (5012) 1,657,218 1,657,218 470,492 28.4% Zone C Arterial Street Lighting Fund (5110) 954,443 954,443 296,472 31.1% Zone D Standard Landscaping Fund (5111) 1,755,907 2,662,003 480,931 18.1% Zone E Extensive Landscaping Fund (5013) 420,745 471,745 87,302 18.5% 5014 LMD 2014-02 3,303,829 3,453,225 1,065,429 30.9% 5016 CFD 2021-01 Parks Fac Maint - 77,000 37,626 48.9% Zone M Median Fund (5112) 429,025 598,074 117,615 19.7% CFD No. 1 (5113) 1,751,212 1,687,041 574,902 34.1% Zone S Financial & Management Svcs (5114) 89,132 89,132 43,507 48.8% 5211 Zone A Parks - Restricted Assets - 47,000 - 0.0% Total Expenditures $ 23,946,062 $ 33,665,836 $ 10,568,477 31.4% Net Change or
Adopted Use of Fund Balance (2,301,438)$ (5,115,085)$ (3,448,966)$ A.12.a
Packet Pg. 144
Attachment: FY 22-23 Mid-Year Financial Summary Report (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET REVIEW AND APPROVAL OF THE Mid-Year Financial Summary FY 2022/23 12
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
12/31/22
(unaudited)
% of Amended
Budget
Revenues:
Taxes:
Property Tax $ 3,294,219 $ 3,294,219 $ 1,030,706 31.3% Other Taxes 4,977,000 4,977,000 54,126 1.1% Charges for Services 1,191,129 1,191,129 499,562 41.9% Use of Money & Property 969,755 969,754 431,487 44.5% Miscellaneous 25,200 25,200 15,068 59.8% Transfers In - 6,991,362 3,495,684 50.0% Total Revenues $ 10,457,303 $ 17,448,664 $ 5,526,633 31.7% Expenditures:
35010 Parks & Comm Svcs - Admin $ 957,175 $ 1,207,175 $ 377,813 31.3% 35210 Park Maintenance - General 3,983,393 4,871,180 2,122,414 43.6% 35211 Contract Park Maintenance 472,130 472,130 172,860 36.6% 35212 Park Ranger Program 386,401 489,976 203,238 41.5% 35213 Golf Course Program 497,739 497,739 219,173 44.0% 35214 Parks Projects 89,846 89,846 43,086 48.0% 35310 Senior Program 629,202 629,202 327,065 52.0% 35311 Community Services 345,817 345,817 182,796 52.9% 35312 Community Events 269,983 294,983 278,929 94.6% 35313 Conf & Rec Cntr 476,133 476,133 236,454 49.7% 35314 Conf & Rec Cntr - Banquet 385,340 385,340 179,358 46.5% 35315 Recreation Programs 1,207,890 1,207,890 640,853 53.1% 35317 July 4th Celebration 111,990 111,990 79,425 70.9% 35318 Sports Programs 629,285 629,285 295,920 47.0% 35319 Towngate Community Center 30,200 30,200 18,777 62.2% 35320 Amphitheater 41,805.00 41,805 13,975 33.4% 80003 CIP - Buildings - 789,200 651,030 82.5% 80007 CIP - Parks - 6,000,000 4,541 0.1% 95011 Non-Dept Zone A Parks - 208,852 (13,280) -6.4% Total Expenditures $ 10,514,329 $ 18,778,743 $ 6,034,427 32.1% Net Change or
Adopted Use of Fund Balance (57,026)$ (1,330,079)$ (507,794)$ A.12.a
Packet Pg. 145
Attachment: FY 22-23 Mid-Year Financial Summary Report (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET REVIEW AND APPROVAL OF THE Mid-Year Financial Summary FY 2022/23 13
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 serving new customers in February 2004, and now serves more than 7,300 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 tiered 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 growth 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
12/31/22
(unaudited)
% of Amended
Budget
Revenues:
Taxes:
Charges for Services $ 40,397,448 $ 40,397,448 $ 26,179,474 64.8% Use of Money & Property 333,000 333,000 177,498 53.3% Miscellaneous 152,500 152,500 2,134,422 1399.6% Total Revenues $ 40,882,948 $ 40,882,948 $ 28,491,394 69.7% Expenditures:
45510 Electric Utility - General $ 29,259,887 $ 32,437,697 $ 17,239,400 53.1% 45511 Public Purpose Program 1,646,686 1,646,686 632,733 38.4% 45512 SCE Served Street Lights 838,525 1,016,110 350,177 34.5% 80005 CIP - Electric Utility 5,300,900 11,547,366 485,277 4.2% 45530 2005 Lease Revenue Bonds - - - 0.0% 96010 Non-Dept Electric - - 2,426 0.0% 96030 Non-Dept 2005 Lease Revenue Bonds 2,639,000 2,639,000 532,204 20.2% 96021 Non-Dept 2016 Tax LRB of 07 Tax 783,287 - - 0.0% 96031 Non-Dept 2013 Refunding 05 LRB 4,692 4,692 176,392 3759.4% 96032 Non-Dept 2014 Refunding 2005 LRB 119,418 119,418 59,827 50.1% 96040 Non-Dept 2015 Taxable LRB 433,871 - - 0.0% 96041 Non-Dept 2021 LRB Refinance - 316,609 319,284 100.8% 96050 Non-Dept 2018 Streetlight Fin 359,307 - - 0.0% 96051 Non-Dept 2021 Streetlight Refin. - 238,269 - 0.0% 96060 Non-Dept 2019 Taxable LRB 636,625 636,625 316,725 49.8% Total Expenditures $ 42,022,198 $ 50,602,472 $ 20,114,445 39.7% Net Change or
Adopted Use of Fund Balance $ (1,139,250) $ (9,719,524) $ 8,376,949 A.12.a
Packet Pg. 146
Attachment: FY 22-23 Mid-Year Financial Summary Report (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET REVIEW AND APPROVAL OF THE Mid-Year Financial Summary FY 2022/23 14
SUMMARY
The City of Moreno Valley has experienced certain levels of growth and continued to maintain a structurally balanced Budget without the use of reserves.
The economic climate is ever changing and for these reasons the City must remain optimistically cautious and only increase revenues when they are actually received. Staff will continue to monitor and request q uarterly revenue adjustment s based on this approach. These revenue adjustments will be offset by replenishing our expenditure levels accordingly.
A.12.a
Packet Pg. 147
Attachment: FY 22-23 Mid-Year Financial Summary Report (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET REVIEW AND APPROVAL OF THE 1 Resolution No. 2023-XX
Date Adopted: February 21, 2023
RESOLUTION NO. 2023-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.
A.12.b
Packet Pg. 148
Attachment: City Resolution 2023-XX (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET REVIEW AND APPROVAL OF THE MID-YEAR BUDGET 2 Resolution No. 2023-XX
Date Adopted: February 21, 2023
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 21st day of February, 2023.
___________________________
Mayor of the City of Moreno Valley
ATTEST:
____________________________
City Clerk
APPROVED AS TO FORM:
____________________________
City Attorney
A.12.b
Packet Pg. 149
Attachment: City Resolution 2023-XX (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET REVIEW AND APPROVAL OF THE MID-YEAR BUDGET 3 Resolution No. 2023-XX
Date Adopted: February 21, 2023
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. 2023-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 21st day of February, 2023, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
(Council Members, Mayor Pro Tem and Mayor)
___________________________________
CITY CLERK
(SEAL)
A.12.b
Packet Pg. 150
Attachment: City Resolution 2023-XX (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET REVIEW AND APPROVAL OF THE MID-YEAR BUDGET 1 Resolution No. CSD 2023-XX
Date Adopted: February 21, 2023
RESOLUTION NO. CSD 2023-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:
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 A.12.c
Packet Pg. 151
Attachment: CSD Resolution 2023-XX (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET REVIEW AND APPROVAL OF THE MID-YEAR BUDGET 2 Resolution No. CSD 2023-XX
Date Adopted: February 21, 2023
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 21st day of February, 2023.
______________________________
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
A.12.c
Packet Pg. 152
Attachment: CSD Resolution 2023-XX (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET REVIEW AND APPROVAL OF THE MID-YEAR BUDGET 3 Resolution No. CSD 2023-XX
Date Adopted: February 21, 2023
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 2023-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 21st day of February, 202 3, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
(Board members, Vice-President and President)
_________________________________
SECRETARY
(SEAL)
A.12.c
Packet Pg. 153
Attachment: CSD Resolution 2023-XX (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET REVIEW AND APPROVAL OF THE MID-YEAR BUDGET 1 Resolution No. SA 2023-XX
Date Adopted: February 21, 2023
RESOLUTION NO. SA 2023-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.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MORENO
A.12.d
Packet Pg. 154
Attachment: SA Resolution 2023-XX (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET REVIEW AND APPROVAL OF THE MID-YEAR BUDGET 2 Resolution No. SA 2023-XX
Date Adopted: February 21, 2023
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 21st day of February, 2023.
______________________________
Mayor of the City of Moreno Valley
ATTEST:
________________________________
City Clerk
APPROVED AS TO FORM:
_______________________________
City Attorney
A.12.d
Packet Pg. 155
Attachment: SA Resolution 2023-XX (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET REVIEW AND APPROVAL OF THE MID-YEAR BUDGET 3 Resolution No. SA 2023-XX
Date Adopted: February 21, 2023
RESOLUTION JURAT
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF MORENO VALLEY )
I, Jane Halstead, City Clerk of the C ity of Mo reno Va lley, California do hereby certify that Resolution No. SA 2023-XX was duly and regularly adopted by the City Council of the City of Moreno Valley at a regular meeting held on the 21st day of February, 2023, by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
(Council Members, Mayor Pro Tem and Mayor)
_________________________________
SECRETARY
(SEAL)
A.12.d
Packet Pg. 156
Attachment: SA Resolution 2023-XX (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET REVIEW AND APPROVAL OF THE MID-YEAR BUDGET 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 Community Development 1010 Admin Citation Fees 1010-20-26-20110-500900 $ 301,250.00 $ 150,000.00 451,250$ Projected revenues Community Development 1010 Foreclosure Registration Fees 1010-20-26-20110-525080 $ 187,000.00 $ (92,000.00) 95,000$ Projected revenues Community Development 1010 Building Permits 1010-20-28-20310-425000 $ 3,000,000.00 $ 250,000.00 3,250,000$ Projected revenues Community Development 1010 Bldg. & Safety Plan Check F 1010-20-28-20310-540000 $ 1,275,000.00 $ 175,000.00 1,450,000$ Projected revenues Financial & Management Services 1010 Reimbursement Agreement 1010-30-34-45310-500600 $ 371,200.00 $ (121,200.00) 250,000$ Projected revenues Fire 1010 Annual Fire Inspection Fees 1010-40-46-30210-520010 $ 300,800.00 $ (75,000.00) 225,800$ Projected revenues Fire 1010 Annual Fire Inspection Fees 1010-40-46-30211-520010 $ 179,400.00 $ (30,000.00) 149,400$ Projected revenues Financial & Management Services 1010 Sales Tax - General 1010-99-99-91010-402000 $ 35,516,098.00 $ 1,334,391.00 36,850,489$ Projected revenues Financial & Management Services 1010 Administrative Charges 1010-99-99-91010-585020 $ 3,550,465.00 $ 224.00 3,550,689$ Fund closeout City Manager 1010 Transfers in - from EQUIP
REPLACEMENT (FURN & EQUIP)
1010-99-99-91010-807510 $ 115,643.00 $ (22,000.00) 93,643$ Media equipment replacement REVENUE TOTAL 44,796,856$ 1,569,415$ 46,366,271$ City Council 1010 Marketing Svcs - Advertising 1010-10-01-10010-620610 $ 5,200.00 $ (3,000.00) 2,200$ Adjusting budget based on projected operational changes City Council 1010 Marketing Svcs - PR/Promotions 1010-10-01-10010-620620 $ 22,000.00 $ (2,000.00) 20,000$ Adjusting budget based on projected operational changes City Manager 1010 Mach-Equip-Repl - Furn & Equip 1010-16-16-16110-660320 $ 22,000.00 $ (22,000.00) -$ Media equipment replacement Community Development 1010 Salaries-Regular - Other 1010-20-26-20110-611199 $ 554,840.00 $ 178,370.00 733,210$ Adjusting budget based on projected operational changes Community Development 1010 Salaries-Temporary 1010-20-26-20110-611310 $ 68,509.00 $ 26,500.00 95,009$ Adjusting budget based on projected operational changes Community Development 1010 Contractual Svcs - Other 1010-20-28-20310-625099 $ 524,480.00 $ 425,000.00 949,480$ Projected expenses Community Development 1010 Salaries-Regular - Other 1010-20-38-18210-611199 $ - $ 2,201.00 2,201$ Adjusting budget based on projected operational changes Financial & Management Services 1010 Salaries-Regular - Other 1010-30-33-25020-611199 $ - $ 93,795.00 93,795$ Adjusting budget based on projected operational changes Financial & Management Services 1010 Salaries-Regular 1010-30-33-25212-611110 $ 230,710.00 $ (83,048.00) 147,662$ Adjusting budget based on projected operational changes Financial & Management Services 1010 Salaries-Regular 1010-30-34-18310-611110 $ 481,448.00 $ (93,795.00) 387,653$ Adjusting budget based on projected operational changes Financial & Management Services 1010 Software Subscriptions 1010-30-34-18310-625012 $ - $ 25,000.00 25,000$ Certificate of Insurance Software Subscription Financial & Management Services 1010 Contractual Svcs - Other 1010-30-34-45310-625099 $ 340,000.00 $ (150,000.00) 190,000$ Projected revenues Financial & Management Services 1010 Salaries-Regular - Other 1010-30-92-72100-611199 $ - $ 696,352.00 696,352$ Adjusting budget based on projected operational changes Fire 1010 Maint & Repair - Bldg & Ground 1010-40-45-30110-620910 $ 74,400.00 $ 25,000.00 99,400$ Fire Station Landscape Improvements Fire 1010 Agency Svcs - Cnty 1010-40-46-30211-620320 $ 732,600.00 $ 90,100.00 822,700$ Adjusting budget based on projected operational changes Fire 1010 Communications 1010-40-47-30310-620410 $ 11,700.00 $ 25,000.00 36,700$ EOC Upgrade Fire 1010 Maint & Repair - Bldg & Ground 1010-40-47-30310-620910 $ 1,000.00 $ 35,200.00 36,200$ EOC Upgrade Fire 1010 Software Maint/Support/License 1010-40-47-30310-625010 $ 6,000.00 $ 300,000.00 306,000$ EOC Upgrade Fire 1010 Oper Suppl - Printing & Binding 1010-40-47-30310-630214 $ 500.00 $ 25,000.00 25,500$ Projected expenses Fire 1010 Oper Mtrls - Furn & Equip 1010-40-47-30310-630330 $ 4,100.00 $ 25,300.00 29,400$ EOC Upgrade Fire 1010 Computers - Misc Components 1010-40-47-30310-630910 $ - $ 25,000.00 25,000$ EOC Upgrade Public Works 1010 Salaries-Regular - Other 1010-70-78-45311-611199 $ 1,102,122.00 $ 440.00 1,102,562$ Adjusting budget based on projected operational changes EXPENSE TOTAL 4,181,609$ 1,644,415$ 5,826,024$ 1 of 3
A.12.e
Packet Pg. 157
Attachment: FY 22-23 Mid-Year Exhibit A Proposed Amendments (6086 : FISCAL YEAR 2022/23 MID- 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 Parks & Community Services 2202 Contributions - In Kind 2202-50-92-75312-582012 $ 2,340,053.00 $ 298,123.00 2,638,176.00 Grant Award Adjusted Community Development 2300 State Grant-Operating Revenue 2300-20-38-73312-486000 $ 52,307.00 $ 81,500.00 133,807.00 Grant Award Adjusted Financial & Management Services 2300 Fed Grant-Operating Revenue 2300-30-92-72120-485000 $ - $ 1,500,000.00 1,500,000.00 CalVIP grant Parks & Community Services 2300 Fed Grant-Operating Revenue 2300-50-92-75014-485000 $ 45,784.00 $ 4,216.00 50,000.00 Grant Award Adjusted Financial & Management Services 2517 NSP #3 Program Income 2517-30-36-72703-485220 $ - $ (10,000.00) (10,000.00) Grant Award Adjusted Financial & Management Services 2610 Interest Income - Investments 2610-99-99-92610-460010 $ 75,000.00 $ 225,000.00 300,000.00 Projected revenues Financial & Management Services 2610 Fed Grant-Operating Revenue 2610-99-99-92610-485000 $ - $ 24,177,658.00 24,177,658.00 Projected revenues Public Works 3311 Transfers in - from DIF - INTERCHG
IMPROV
3311-99-99-93311-802911 $ - $ 400,000.00 400,000.00 Reallocation of CIP funds REVENUE TOTAL 2,513,144$ 26,676,497$ 29,189,641$ Public Works 2000 Salaries-Regular - Other 2000-70-78-45311-611199 $ - $ 1,760.00 1,760.00 Adjusting budget based on projected operational changes Public Works 2001 Maint & Repair - Bldg & Ground 2001-70-78-45315-620910 $ 29,000.00 $ 16,000.00 45,000.00 Projected expenses City Attorney 2013 Admin Chrg - GF - Cost Alloc 2013-14-10-14011-692010 $ - $ 224.00 224.00 Fund closeout Parks & Community Services 2201 Salaries-Regular 2201-50-92-75011-611110 $ 166,868.00 $ (63,049.00) 103,819.00 Adjusting budget based on projected operational changes Parks & Community Services 2202 Salaries-Regular 2202-50-92-75312-611110 $ 93,960.00 $ (20,160.00) 73,800.00 Grant Award Adjusted Parks & Community Services 2202 Donated Goods & Services 2202-50-92-75312-625025 $ 2,340,053.00 $ 298,122.00 2,638,175.00 Grant Award Adjusted Parks & Community Services 2202 Contractual Svcs - Other 2202-50-92-75312-625099 $ 6,859,887.00 $ (697.00) 6,859,190.00 Grant Award Adjusted Parks & Community Services 2202 Oper Suppl - Office 2202-50-92-75312-630210 $ 1,000.00 $ 315.00 1,315.00 Grant Award Adjusted Parks & Community Services 2202 Oper Mtrls - Recreation 2202-50-92-75312-630312 $ - $ (10,000.00) (10,000.00) Grant Award Adjusted Parks & Community Services 2202 Oper Mtrls - Bldg-Plumb and Elec 2202-50-92-75312-630318 $ - $ (500.00) (500.00) Grant Award Adjusted Parks & Community Services 2202 Oper Mtrls - Furn & Equip 2202-50-92-75312-630330 $ 100.00 $ (1,900.00) (1,800.00) Grant Award Adjusted Parks & Community Services 2202 Oper Mtrls - Other 2202-50-92-75312-630399 $ 1,560.00 $ (1,381.00) 179.00 Grant Award Adjusted Community Development 2300 Professional Svcs - Veterinary Svcs 2300-20-38-73312-620250 $ 52,307.00 $ 81,500.00 133,807.00 Grant Award Adjusted Financial & Management Services 2300 Contractual Svcs - Other 2300-30-92-72120-625099 $ - $ 1,500,000.00 1,500,000.00 CalVIP grant Parks & Community Services 2300 Salaries-Reimbursable (In/Out) 2300-50-92-75014-611510 $ 2,289.00 $ 211.00 2,500.00 Grant Award Adjusted Parks & Community Services 2300 Contractual Svcs - Other 2300-50-92-75014-625099 $ 43,495.00 $ 4,005.00 47,500.00 Grant Award Adjusted Financial & Management Services 2507 Transfers to COMM DEV BLK GRANTS (CDBG)
2507-99-99-92507-902512 $ 8,000.00 $ (424.00) 7,576.00 Fund closeout Financial & Management Services 2517 Professional Svcs - Other 2517-30-36-72703-620299 $ - $ (10,000.00) (10,000.00) Grant Award Adjusted Public Works 2911 Transfers to DIF INTERCHANGE IMPRV
CAP PROJ
2911-99-95-92911-903311 $ - $ 400,000.00 400,000.00 Reallocation of CIP funds Parks & Community Services 5011 Salaries-Regular - Other 5011-50-57-35210-611199 $ 887,787.00 $ 53,981.00 941,768.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 Salaries-Overtime 5011-50-57-35210-611210 $ 17,000.00 $ 25,000.00 42,000.00 Projected expenses Parks & Community Services 5011 Salaries-Temporary 5011-50-57-35210-611310 $ 40,000.00 $ 25,000.00 65,000.00 Projected expenses Parks & Community Services 5011 ISF - TS Oper 5011-50-57-35210-690118 $ 125,518.00 $ 1,059.00 126,577.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 ISF - Risk - General Liability 5011-50-57-35210-690210 $ 69,442.00 $ 5,918.00 75,360.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 ISF - Risk - Workers Comp 5011-50-57-35210-690220 $ 47,058.00 $ 4,432.00 51,490.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 ISF - Purchasing - Copier Charge 5011-50-57-35210-690320 $ 1,135.00 $ 46.00 1,181.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 Admin Chrg - GF - Cost Alloc 5011-50-57-35210-692010 $ 108,957.00 $ 7,746.00 116,703.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 Admin Chrg - OPEB 5011-50-57-35210-692012 $ 67,498.00 $ 5,799.00 73,297.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 Admin Chrg - Fleet Ops 5011-50-57-35210-692050 $ 252,537.00 $ 9,489.00 262,026.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 Salaries-Regular 5011-50-57-35212-611110 $ 157,582.00 $ (77,457.00) 80,125.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 Salaries-Regular - Holiday 5011-50-57-35212-611112 $ - $ 2,466.00 2,466.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 Salaries-Regular - Leave - Annual 5011-50-57-35212-611120 $ - $ 3,201.00 3,201.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 Salaries-Regular - Leave - Other 5011-50-57-35212-611140 $ - $ 896.00 896.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 Salaries-Regular - FMLA - Other Leave 5011-50-57-35212-611152 $ - $ 105.00 105.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 Salaries-Regular - Other 5011-50-57-35212-611199 $ 103,575.00 $ (103,575.00) - Adjusting budget based on projected operational changes Parks & Community Services 5011 Salaries-Overtime 5011-50-57-35212-611210 $ 6,000.00 $ (1,411.00) 4,589.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 Salaries-Temporary 5011-50-57-35212-611310 $ 18,000.00 $ (11,026.00) 6,974.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 Salaries-Addl - Bilingual 5011-50-57-35212-611620 $ 1,080.00 $ (581.00) 499.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 Benefits - PERS & ERPD Def Comp 5011-50-57-35212-612110 $ 64,026.00 $ (28,919.00) 35,107.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 Benefits - Bank 5011-50-57-35212-612120 $ 45,061.00 $ (23,586.00) 21,475.00 Adjusting budget based on projected operational changes 2 of 3
A.12.e
Packet Pg. 158
Attachment: FY 22-23 Mid-Year Exhibit A Proposed Amendments (6086 : FISCAL YEAR 2022/23 MID- Exhibit A - Proposed Amendments
Parks & Community Services 5011 Benefits - Medicare 5011-50-57-35212-612130 $ 2,960.00 $ (1,613.00) 1,347.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 Benefits - Group Life Insurance 5011-50-57-35212-612140 $ 777.00 $ (332.00) 445.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 Benefits - ST/LT Disability 5011-50-57-35212-612145 $ 1,545.00 $ (682.00) 863.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 Benefits - Addl % Mgmt Pkg 5011-50-57-35212-612150 $ 392.00 $ (331.00) 61.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 Benefits - Annuity 5011-50-57-35212-612160 $ 1,710.00 $ 290.00 2,000.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 Leave Payouts - Annual 5011-50-57-35212-613110 $ - $ 351.00 351.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 ISF - TS Oper 5011-50-57-35212-690118 $ 2,115.00 $ (1,059.00) 1,056.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 ISF - Risk - General Liability 5011-50-57-35212-690210 $ 11,834.00 $ (5,918.00) 5,916.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 ISF - Risk - Workers Comp 5011-50-57-35212-690220 $ 8,866.00 $ (4,432.00) 4,434.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 ISF - Purchasing - Copier Charge 5011-50-57-35212-690320 $ 94.00 $ (46.00) 48.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 Admin Chrg - GF - Cost Alloc 5011-50-57-35212-692010 $ 15,498.00 $ (7,746.00) 7,752.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 Admin Chrg - OPEB 5011-50-57-35212-692012 $ 11,595.00 $ (5,799.00) 5,796.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 Admin Chrg - Fleet Ops 5011-50-57-35212-692050 $ 17,319.00 $ (9,489.00) 7,830.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 Oper Mtrls - Other 5011-50-58-35312-630399 $ - $ 5,000.00 5,000.00 Adjusting budget based on projected operational changes Parks & Community Services 5011 Salaries-Regular - Other 5011-99-99-95011-611199 $ 208,852.00 $ 6,665.00 215,517.00 Adjusting budget based on projected operational changes Parks & Community Services 5113 Salaries-Regular - Other 5113-50-57-35216-611199 $ - $ 12,000.00 12,000.00 Adjusting budget based on projected operational changes Financial & Management Services 6010 Salaries-Regular - Other 6010-70-80-45510-611199 $ - $ - - Adjusting budget based on projected operational changes Public Works 6010 Distribution Share 6010-70-80-45510-710122 $ 6,140,000.00 $ 1,500,000.00 7,640,000.00 Projected expenses Financial & Management Services 6012 Salaries-Regular - Other 6012-70-80-45511-611199 $ - $ 10,763.00 10,763.00 Adjusting budget based on projected operational changes Public Works 6041 Interest Expense 6041-99-99-96041-670410 $ 316,159.00 $ 316,159.00 632,318.00 Projected expenses City Manager 7510 Transfers to GENERAL FUND 7510-99-97-88190-901010 $ 115,643.00 $ (22,000.00) 93,643.00 Media equipment replacement EXPENSE TOTAL 18,466,134$ 3,884,390$ 22,350,524$ 3 of 3
A.12.e
Packet Pg. 159
Attachment: FY 22-23 Mid-Year Exhibit A Proposed Amendments (6086 : FISCAL YEAR 2022/23 MID- 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 (1) 6 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.12.f
Packet Pg. 160
Attachment: FY 22-23 Mid-Year City Position Summary (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET REVIEW AND 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 6 (1) 5 - 5 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 Division Manager - - - 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 A.12.f
Packet Pg. 161
Attachment: FY 22-23 Mid-Year City Position Summary (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET REVIEW AND 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 Parks Maint Worker 6 1 7 - 7 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 (1) 26 Maintenance Worker/Work Release Coordinator - - - 1 1 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 Registered Veterinary Technician - - - 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 A.12.f
Packet Pg. 162
Attachment: FY 22-23 Mid-Year City Position Summary (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET REVIEW AND 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 Construction Inspector 2 - 2 - 2 Sr Deputy City Clerk 1 - 1 - 1 Sr Electrical Engineer 1 - 1 - 1 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 3 12 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 351 29 380 7 387
A.12.f
Packet Pg. 163
Attachment: FY 22-23 Mid-Year City Position Summary (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET REVIEW AND APPROVAL OF THE
TITLE GRP
A B C D E F G 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 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
CITY OF MORENO VALLEY
SALARY SCALE - CAREER POSITIONS
EFFECTIVE 02/21/2023
GRADE
A.12.g
Packet Pg. 164
Attachment: Salary Schedule Career effective 2.22.23 (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET
CITY OF MORENO VALLEY
SALARY SCALE - CAREER POSITIONS
EFFECTIVE 02/21/2023
TITLE GRP
A B C D E F G H I
5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
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 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 GRADE
A.12.g
Packet Pg. 165
Attachment: Salary Schedule Career effective 2.22.23 (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET
CITY OF MORENO VALLEY
SALARY SCALE - CAREER POSITIONS
EFFECTIVE 02/21/2023
TITLE GRP
A B C D E F G H I
5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
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 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 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 GRADE
A.12.g
Packet Pg. 166
Attachment: Salary Schedule Career effective 2.22.23 (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET
CITY OF MORENO VALLEY
SALARY SCALE - CAREER POSITIONS
EFFECTIVE 02/21/2023
TITLE GRP
A B C D E F G H I
5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
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 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 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 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 GRADE
A.12.g
Packet Pg. 167
Attachment: Salary Schedule Career effective 2.22.23 (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET
CITY OF MORENO VALLEY
SALARY SCALE - CAREER POSITIONS
EFFECTIVE 02/21/2023
TITLE GRP
A B C D E F G H I
5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
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 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 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 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 GRADE
A.12.g
Packet Pg. 168
Attachment: Salary Schedule Career effective 2.22.23 (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET
CITY OF MORENO VALLEY
SALARY SCALE - CAREER POSITIONS
EFFECTIVE 02/21/2023
TITLE GRP
A B C D E F G H I
5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
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 Grants 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 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 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 GRADE
A.12.g
Packet Pg. 169
Attachment: Salary Schedule Career effective 2.22.23 (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET
CITY OF MORENO VALLEY
SALARY SCALE - CAREER POSITIONS
EFFECTIVE 02/21/2023
TITLE GRP
A B C D E F G H I
5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
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 Maintenance Worker / Work Release Coordinator 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 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 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 GRADE
A.12.g
Packet Pg. 170
Attachment: Salary Schedule Career effective 2.22.23 (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET
CITY OF MORENO VALLEY
SALARY SCALE - CAREER POSITIONS
EFFECTIVE 02/21/2023
TITLE GRP
A B C D E F G H I
5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
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 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 GRADE
A.12.g
Packet Pg. 171
Attachment: Salary Schedule Career effective 2.22.23 (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET
CITY OF MORENO VALLEY
SALARY SCALE - CAREER POSITIONS
EFFECTIVE 02/21/2023
TITLE GRP
A B C D E F G H I
5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
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 Registered Veterinary Technician 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 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 GRADE
A.12.g
Packet Pg. 172
Attachment: Salary Schedule Career effective 2.22.23 (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET
CITY OF MORENO VALLEY
SALARY SCALE - CAREER POSITIONS
EFFECTIVE 02/21/2023
TITLE GRP
A B C D E F G H I
5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
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 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 GRADE
A.12.g
Packet Pg. 173
Attachment: Salary Schedule Career effective 2.22.23 (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET
CITY OF MORENO VALLEY
SALARY SCALE - CAREER POSITIONS
EFFECTIVE 02/21/2023
TITLE GRP
A B C D E F G H I
5.0% 5.0% 5.0% 5.0% 5.0% 5.0% 2.5% 2.5%
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 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 97,589.02 107,591.95 110,281.81 113,038.85 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
A.12.g
Packet Pg. 174
Attachment: Salary Schedule Career effective 2.22.23 (6086 : FISCAL YEAR 2022/23 MID-YEAR BUDGET
Report to City Council
ID#6028 Page 1
TO: Mayor and City Council
FROM: Brian Mohan, Assistant City Manager
AGENDA DATE: February 21, 2023
TITLE: PURSUANT TO LANDOWNER PETITIONS, ANNEX
CERTAIN PARCELS INTO COMMUNITY FACILITIES
DISTRICT NO. 2014 -01 (MAINTENANCE SERVICES) -
AMENDMENT NOS. 74 AND 75 (RESO. NOS. 2023 - __
AND 2023-__)
RECOMMENDED ACTION
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. 74) (D.R. Horton Los Angeles Holding Company, Inc., located near the northeast corner of Alessandro Blvd. and Lasselle St.)
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. 75) (Hakan Buvan, located near the northeast corner of Moreno Beach Dr. and Cactus Ave., on Bradshaw Cir.)
SUMMARY
Adoption of the resolution s will certify the annexation of six parcels into Community Facilities District (CFD) No. 2014 -01 (Maintenance Services) (“District”). This action impacts only the property owner s identified below, not the general citizens or taxpayers of the City.
A.13
Packet Pg. 175