Murrieta City Council
February 6, 2024

CITY OF MURRIETA

GENERAL OPERATING ACCOUNT
1 TOWN SQ
MURRIETA CA 92562-7922
Account Number - DDA

FUND SUMMARY
Dividends Earned YTD 4,484,249.57
Federal Withholding YTD .00
7-Day Simple Yield 5.28578 %
Federal Withholding .00
Beginning Balance 91,350,699.91
Shares Purchased 11,160,889.51 +
Shares Redeemed 7,280,435.72 -
Ending Balance 95,231,153.70
Prior Month Dividends Paid to Checking 391,674.37
Dividends Earned in Current Month 420,025.81
Funds Pending Redemption 535,810.20-
224

STAGECOACH SWEEP
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 12-08 90,909,570.96 5.275 % .000144522 13,138.43
12-09* 90,909,570.96 5.275 % .000144522 13,138.43
12-10* 90,909,570.96 5.275 % .000144522 13,138.43
12-11 98,754,965.85 5.268 % .000144329 14,253.21
12-12 98,486,477.13 5.279 % .000144651 14,246.17
12-13 97,968,112.77 5.274 % .000144499 14,156.29
12-14 95,723,055.26 5.296 % .000145119 13,891.23
12-15 94,854,913.27 5.280 % .000144669 13,722.57
12-16* 94,060,136.48 5.280 % .000144669 13,607.59
12-17* 94,060,136.48 5.280 % .000144669 13,607.59
12-18 94,060,136.48 5.281 % .000144689 13,609.47
12-19 94,444,691.74 5.281 % .000144688 13,665.01
12-20 93,923,316.92 5.282 % .000144728 13,593.33
12-21 93,911,117.28 5.281 % .000144700 13,588.94
12-22 93,020,981.17 5.283 % .000144748 13,464.60
12-23* 93,020,981.17 5.283 % .000144748 13,464.60
12-24* 93,020,981.17 5.283 % .000144748 13,464.60
12-25* 93,020,981.17 5.283 % .000144748 13,464.60
12-26 93,230,711.05 5.270 % .000144400 13,462.51
12-27 95,524,270.98 5.280 % .000144680 13,820.45
12-28 95,308,782.02 5.304 % .000145330 13,851.23
12-29 95,231,153.70 5.282 % .000144718 13,781.66
12-30* 94,695,343.50 5.282 % .000144718 13,704.12
12-31* 94,695,343.50 5.282 % .000144718 13,704.12
TOTAL MTD 420,025.80
* Indicates non-business day
THANK YOU FOR BANKING WITH WELLS FARGO.

MONEY MARKET MUTUAL FUNDS (EACH, A "MMMF") ARE NOT FDIC INSURED, HAVE NO BANK GUARANTY AND MAY LOSE VALUE.

An Investment in a MMMF is not insured by the Federal Deposit Insurance Corporation or any other government agency. Although the MMMF's seek to preserve the value of customer's investment at $1.00 per share, it is possible to lose money by investing in a MMMF.

Allspring Funds Management, LLC, a wholly owned subsidiary of Allspring Global Investments Holdings, LLC ("Allspring Global"), provides investment advisory and administrative services for the Allspring Funds?. Other subsidiaries of Allspring Global provide sub-advisory and other services for the funds. The funds are distributed by Allspring Funds Distributor, LLC, Member FINRA/SIPC, a subsidiary of Allspring Global.

This material must be accompanied or preceded by a current prospectus for name of the Fund(s) selected. Please read the prospectus carefully before investing.
12/01/2023 - 12/31/2023

Account Number - DDA
225

CITY OF MURRIETA
City Council Meeting Agenda
Report
2/6/2024
Agenda Item No. 5.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Javier Carcamo, Finance Director
PREPARED BY: Geovanny Calvopina, Financial Analyst
SUBJECT: Treasurer’s Report - Quarter 2 of Fiscal Year 2023/24

RECOMMENDATION
Receive the Fiscal Year 2023/24 Treasurer’s Reports for Quarter 2 (October - December 2023).

PRIOR ACTION/VOTE
On November 7, 2023, the City Council received the Treasurer’s Report for Quarter 1 of Fiscal Year 2023/24.

CITY COUNCIL GOAL
Maintain a high performing organization that values fiscal sustainability, transparency, accountability and organizational efficiency.

BACKGROUND
Pursuant to Government Code Section 53646(b) and the City of Murrieta (City) Investment Policy, the Finance Department renders a quarterly investment report to the City Council concerning the investment portfolio’s earnings and performance results. The City contracts with Chandler Asset Management to manage the City’s investment portfolio and to advise on all investment-related matters. The purpose of this report is to present the investment earnings for the period October 1, 2023, through December 31, 2023 (Quarter 2).

Total Portfolio Composition
The portfolio comprises available cash balances from over 100 separate funds. The balances are tracked in the City’sfinancial records individually but combined for the purpose of investing cash to maximize investment returns. The City’s investment manager invests funds not needed in the near future into securities with maturities of less than five years. The City also utilizes the Local Agency Investment Fund (LAIF), an investment pool operated by the State of California and used by most cities in California to manage the City’s short-term cash flow requirements. Wells Fargo’s“Cash Sweep Program” is the City’sthird investment tool, and it allows the City to earn a return on uninvested cash balances in our General Checking Account by automatically "sweeping" cash balances into a sweep investment vehicle until such balances are otherwise needed to satisfy obligations arising in the account. The Cash Sweep Program exclusively targets high-quality, short-term, U.S. dollar-denominated money market instruments that consist of U.S. Government obligations CITY OF MURRIETA Printed on 2/1/2024Page 1 of 5
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Agenda Item No. 5.
short-term, U.S. dollar-denominated money market instruments that consist of U.S. Government obligations and repurchase agreements collateralized by U.S. Government obligations. This complies with our Investment Policy and California Government Code Section 53607.

Investment Portfolio Performance
As of December 31, 2023, the City’stotal market value (including accrued interest) of operating funds and liquidity investments totaled $143,656,026.84. The book value, or what the City actually paid for the investments, totaled $143,955,742.23. The fair market value of the City’s portfolio, less accrued interest, totaled $142,742,654.20. The value of fixed-income securities may fluctuate with changes in interest rates. As interest rates go up, the market value of the securities may go down, and the reverse is true; when interest rates go down, the market value of the securities may go up. The difference between the book and fair market value is considered an unrealized gain or loss. The unrealized loss for this reporting period is ($1,213,088.03).

It is important to note that a loss or gain is realized when an investment is redeemed or sold before its maturity date. City’sinvestments are typically retained until the maturity date. Nonetheless, the City may elect to sell an investment before its maturity and record a capital gain or loss to manage the portfolio's quality, liquidity or yield in response to market conditions or City’srisk preferences. The portfolio’stotal market value (including accrued interest) increased by $3,539,491 due to higher investment income generated from the higher reinvestment rate for bonds purchased in the portfolio, combined with the steep drop in market yields in December.

As of December 31, 2023, the yield to maturity on the portfolio increased to 3.13% from 2.86% on September 30, 2023, due to the proceeds from maturing securities being reinvested at higher interest rates. During the quarter, US Treasury yields fell sharply across the yield curve on a more dovish Federal Reserve Outlook. The 2-year US Treasury Note yield decreased from 5.05% to 4.25%, while the 5-year Treasury decreased from

4.61% to 3.85% over the reporting period. Recent economic data has shown above trend growth fueled by a rise in consumer spending and a continuing healthy US job market. Inflationary trends continue to moderate, but core levels remain above the Federal Reserve’s(Fed) target. Given the cumulative effects of restrictive monetary policy and tighter financial conditions, market participants believe the economy will gradually soften, and the Fed will loosen monetary policy in 2024. Since the Fed began its “quantitative tightening” activity by reducing the US Treasury and Agency Mortgage-Backed Securities on its balance sheet in June 2022, the Fed’sbalance sheet reduction program has reduced securities held outright by more than $1.2 trillion. The Fed Funds target rate ended the fiscal quarter unchanged in the range of 5.25-5.50%. The December Summary of Economic Projections has the median Fed Funds rate projected to end the calendar year 2024 at 4.6%, implying three quarter-point cuts later this year. The portfolio’s market value benefited from the sector diversification and remains stable due to the high-quality assets contained within the portfolio.

Portfolio Duration
The investment portfolio had an average duration of 1.66 years as of December 31, 2023. The portfolio duration remains within an acceptable range. The City continues to implement a disciplined, conservative approach to its portfolio in this time of financial market volatility.

Asset Allocation
The investment portfolio is allocated in compliance with California Government Code 53601. The sector allocation of the portfolio on December 31, 2023, was 19.10% in US Government Agency bonds, 22.70% in high-grade Corporate Bonds, 42.50% in U.S. Treasury bonds, 4.30% in Asset-Backed Securities (ABS), 1.40% in Supranational, 5.70% in Collateralized Mortgage Obligation, 2.70% in Commercial Paper, 1.40% in Negotiable CD and .20% Money Market Fund. A Supranational is a financial institution owned by member countries to promote international development. A Collateralized Mortgage Obligation is a mortgage-backed CITY OF MURRIETA Printed on 2/1/2024Page 2 of 5
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Agenda Item No. 5.
countries to promote international development. A Collateralized Mortgage Obligation is a mortgage-backed security that contains a pool of mortgages bundled together and sold as an investment.

The following pie chart summarizes the asset allocation by sector.

Maturity Distribution
As of December 31, 2023, approximately 35.18% of the portfolio matured in less than one year, 25.45% matured from 1-2 years, 23.79% from 2-3 years, 11.53% from 3-4 years, and 3.96% from 4-5 years. The City’s portfolio maintains liquid funds through bank deposits, money market funds, and local government investment pools to satisfy its near-term liquidity needs.

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Agenda Item No. 5.
(The chart above may not sum to 100% due to rounding.)
LAIF Balance
Funds deposited with LAIF act as the City’ssavings account, which allows for the regular investment of short- term cash balances. LAIF complements our investment program by maximizing the earnings on liquid balances not needed for immediate disbursement. It also allows the City’sinvestment manager to focus on maximizing the return on its longer-term investments.

The balance in LAIF, as of December 31, 2023, was $1,858,448.83. The annual yield on the LAIF portfolio was

3.93%, representing an increase of 1.76% from the 2.17% earned at the end of December 2022.

Wells Fargo Cash Sweep Program
The Cash Sweep Program may include fixed, floating, or variable interest rates. The security selections for the Cash Sweep Program are based on several factors, including credit quality, yield, and maturity, while considering the fund’soverall level of liquidity and weighted average maturity. The securities purchased have been determined to present minimal credit risk. For the quarter ending December 31, 2023, the total earnings from the Cash Sweep Program were $1,191,046.71 and had an Average Daily Yield of 5.283%.

The graph below compares the investment yields for the Investment Portfolio, LAIF, and the Cash Sweep Program for the period ending December 31, 2022, to December 31, 2023.

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Agenda Item No. 5.

This report presents only the results of the operating portfolio managed by Chandler Asset Management, LAIF, and the Cash Sweep Program. The City’s and developer bond portfolios are available for review in the Finance Department or may be sent to the City Council upon request.

In compliance with the California Government Code Section 53646, the Treasurer of the City of Murrieta hereby certifies that sufficient investment liquidity and anticipated revenues are available to meet the City’s budgeted expenditure requirements for the subsequent six months, January through June 2024. All investments in the City’s portfolio comply with state law and the City’s adopted Investment Policy.

FISCAL IMPACT
There is no fiscal impact associated with the recommended action.

ATTACHMENTS

1. City of Murrieta Investment Report December 31, 2023

2. LAIF Regular Monthly Statement December 31, 2023

3. Wells Fargo Sweep Account Statements for October, November, and December 2023

4. Portfolio Composition Chart as of December 31, 2023
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CHANDLER ASSET MANAGEMENT, INC. | 800.317.4747 | www.chandlerasset.com

INVESTMENT REPORT
Period Ending December 31, 2023
City of Murrieta
231
SECTION 1 Economic Update
SECTION 2 Account Profile
SECTION 3 Consolidated Information
SECTION 4 Portfolio Holdings
SECTION 5 Transactions
Table of Contents As of December 31, 2023
1 232
SECTION |
Section 1 |
Economic Update
2 233
Economic Update
▪
▪
▪
Recent economic data has shown above trend growth fueled by a rise in consumer spending and a continuing healthy US job market.

Inflationary trends are subsiding, but core levels remain above the Fed’s target. Given the cumulative effects of restrictive monetary policy and tighter financial conditions, we believe the economy will gradually soften and the Fed will loosen monetary policy in 2024.

As expected at the December meeting, the Federal Open Market Committee voted unanimouslyto leave the Federal Funds rate unchanged at a target range of 5.25 - 5.50%. Fed Chair Powell signaled that the federal funds rate is likely at or near its peak. The new Summary of Economic Projections reflected Core PCE inflation reaching the target 2% level in 2026 without a significant increase in unemployment.We believe the FOMC will loosen monetary policy in mid-2024 as inflation and economic growth continue to moderate.

US Treasury rates fell steeply across the yield curve in December on decelerating inflation readings and a more dovish Federal Reserve outlook. The 2-year Treasury yield declined43 basis points to 4.25%, the 5-year Treasury yield dropped42 basis points to 3.85%, and the 10- year Treasury yield decreased 45 basis points to 3.88%. The inversion between the 2-year Treasury yield and 10-year Treasury yield widened to -37 basis points at December month-end versus -35 basis points at November month-end. The spread between the 2-year Treasury and 10-year Treasury yield one year ago was -55 basis points. The inversion between 3-month and 10-year Treasuries widened to - 146 basis points in December from -107 basis points in November. Interest rates peaked in 2023 followed by the Fed’s dovish pivot late in the year, resulting in a decline in yields across the curve and signaling less restrictive monetary policy in 2024. The shape of the yield curve indicates that the probability of recession persists. 3 234
Employment
-400
-200
0 200
400
600
800
1,000MOM Change In Thousands (000's)
Nonfarm Payroll (000's)
Non-farm Payroll (000's)
3-month average (000's)

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
Rate (%)
The U.S. economy added 216,000 jobsin December, exceeding consensus expectations of 175,000, and the last two months were revised down by 71,000 jobs. Leading sectors included government, leisure, hospitality, and healthcare. The trajectory of job creation is gradually moderating, with the three-month moving average payrollsat 165,000 and the six-month moving average at 193,000. The unemployment rate remained unchanged at 3.7%, and the labor participation rate decreased to 62.5% from 62.8%, falling well below the pre-pandemic level of 63.3%. The U-6 underemployment rate, which includes those who are marginally attached to the labor force and employed part time for economic reasons rose to 7.1% from 7.0% last month. Average hourly earnings rose 4.1% year-over-year in December, increasing from a 4.0% gain last month. Employment remains strongby historical standards, but data are trending toward a less robust labor market outlook.

Source: US Department of Labor Source: US Department of Labor 4 235
Job Openings & Labor Turnover Survey
0 2,000
4,000
6,000
8,000
10,000
12,000
14,000
Job Openings
Recession
Historical Average
In Thousands (000's)
The Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) dipped to 8.79 million in November, comparedto an upwardly revised 8.85 million for October. While on a downward trend, job openings still represent a healthy ratio of around 1.4 jobs for each unemployed individual. The quits rate declined to 2.2%, hovering around pre-pandemic levels, down from its high of 3.0% in mid-2022 when labor demand far outstripped supply. While the current level of job openings remains elevated from a historical perspective, the trend is decelerating.

Source: US Department of Labor
5 236
Inflation

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
Consumer Price Index (CPI)
CPI YOY % Change
Core CPI YOY % Change
YOY (%) Change

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
Personal Consumption Expenditures (PCE)
PCE Price Deflator YOY % Change
PCE Core Deflator YOY % Change
Fed Target
YOY (%) Change
The Consumer Price Index (CPI) increased 0.1% month-over-month and 3.1% year-over-year in November, edging down from 3.2% year- over-year in October. The Core CPI, which excludes volatile food and energy components, was up 0.3% month-over-month and 4.0% year- over-year, unchanged from Octoberas expected. Shelter was the largest contributorto November's Core CPI monthly advance, accounting for 70% of the increase. The Personal Consumption Expenditures (PCE) Index eased more than expected in November, as headline inflation fell 0.1% month-over-month and rose 2.6% year-over-year, down from a 2.9% increase in October. Core PCE, the Federal Reserve’s preferred inflation gauge, increased 0.1% month-over-month and decelerated to 3.2% year-over-year in November from a 3.4% year-over-year increase in October. The trend is moderating, but inflation remains above the Fed's 2% target.

Source: US Department of Labor Source: US Department of Commerce 6 237
Consumer
-30.0%
-20.0%
-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%
Retail Sales YOY % Change
YOY (%) Change
Retail Sales rose 0.3% in November after a downwards revision to -0.2% in October, exceeding the -0.1% consensus forecast. On a year- over-year basis, Retail Sales growth accelerated to 4.1% in November from 2.2% in October buoyed by non-store retailers up 10.6%, as well as food services and drinking places up 11.3%. The Conference Board’s Consumer Confidence Index surged to 110.7 in December from 101.0 in November, far surpassing consensus expectations. Positive ratings of job availability and increased confidence in personal income prospects contributed to the substantial increase. While the consumer has been resilient, dwindling excess savings, rising credit card balances, and the resumption of student loan payments pose potential headwinds to future economic growth. 0 20
40 60
80 100
120
140
160
Index Level
Consumer Confidence
Recession
Source: US Department of Commerce Source: The Conference Board All time high is 144.70 (1/31/00); All time low is 25.30 (2/28/09) 7 238
Housing
0 200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400In Thousands of Units
Annualized Housing Starts
Multi Family Housing Starts
Single Family Housing Starts
Housing Starts increased sharply month-over-monthin Novemberby 14.8% to an annual rate of 1.560 million units. Starts were up 18% for single-family units and up 6.9% for multi-family. Total starts of new homes are up 9.3% year-over-year. The pick-up in growth can be partially attributed to lower costs of construction materials and homebuilders adjusting projects to accommodate the higher interest rate environment. According to Freddie Mac, average 30-year fixed rate mortgage rates declined to 6.49% as of December 21st, paralleling the dropin the 10-year US Treasury yield. According to the Case-Shiller 20-City Home Price Index, housing prices rose 4.9% year-over-year in October, accelerating from a 3.9% year-over-year gain in September. Tight inventories and higher mortgage rates continue to impact affordability.

Source: US Department of Commerce Source: S&P
-20.0%
-16.0%
-12.0%
-8.0%
-4.0%

0.0%

4.0%

8.0%

12.0%

16.0%

20.0%

24.0%
S&P/Case-Shiller 20 City Composite Home Price Index
Recession
YOY (%) Change
8 239
Survey Based Measures
40 45
50 55
60 65
70 Institute of Supply Management (ISM) Surveys
ISM Manufacturing ISM Services

EXPANDING

CONTRACTING
The Institute for Supply Management (ISM) Manufacturing index moved higher to 47.4 in December from 46.7 in November due to improved performance as suppliers are better able to meet lower demand levels. However, this marks the 14th consecutive month of contraction in factory activity below a reading of 50. The ISM Services Index unexpectedly declined to 50.6 in December from 52.7 in November, narrowly remaining in the expansion zone above 50. Notably, the employment component of the index plummeted by 7.4 points to 43.3, entering contractionary territory. This decline was primarily driven by increased layoffs and a softening in consumer demand.

Source: Institute for Supply Management
9 240
Gross Domestic Product (GDP)
Components of GDP 12/22 3/23 6/23 9/23

0.8% 2.5% 0.6% 2.1%

0.6% -1.7% 0.9% 1.7%

0.3% 0.6% 0.0% 0.0%

0.6% 0.3% 0.1% 0.5%

0.3% 0.5% 0.5% 0.5%

2.6% 2.3% 2.1% 4.9%
Personal Consumption Expenditures
Gross Private Domestic Investment
Net Exports and Imports
Federal Government Expenditures
Total
State and Local (Consumption and Gross
Investment)
-40.0%
-30.0%
-20.0%
-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%
Gross Domestic Product (GDP)
GDP QOQ % Change
GDP YOY % Change
Source: US Department of Commerce Source: US Department of Commerce According to the third estimate, third quarter GDP grew at an annualized rate of 4.9%, revised down from the second estimate of 5.2%, with the downward revisions driven primarily by personal consumption expenditures. The consensus estimate calls for a marked slowing to 1.2% in the fourth quarter and 2.4% for full year 2023. 10 241
Leading Indicators of Economic Activity
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%
Leading Economic Indicators (LEI)
Recession
YOY (%) Change
-1.00
-0.75
-0.50
-0.25

0.00 0.25

0.50 0.75

1.00 Chicago Fed National Activity Index (CFNAI)
Recession
3 Month Average
The Conference Board’s Leading Economic Index (LEI) fell 0.5% in November, marking the twentieth consecutive month-over-month decline. The index dropped 7.6% year-over-year. The Conference Board expects the consistent decline month-over-month to result in a slowdown in economic activity. The Chicago Fed National Activity Index (CFNAI) improvedin Novemberto 0.03 from a downwardly revised -0.66 in October. On a 3-month moving average basis, the CFNAI rose slightly to -0.20 in November from -0.26 in October, indicating a rate of growth below the historical average trend.

Source: The Conference Board Source: Federal Reserve Bank of Chicago 11 242
Federal Reserve
Source: Federal Reserve Source: Bloomberg
0 1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
Federal Reserve Balance Sheet Assets
Recession
In $ millions
As expected at the December meeting, the Federal Open Market Committee voted unanimously to leave the federal funds rate unchanged at a target range of 5.25-5.50%. The Fed acknowledged inflation eased over the past year while remaining elevated. Fed Chair Powell signaled that the federal funds rate is likely at or near its peak. The Summary of Economic Projections reflected Core PCE inflation reaching the target 2% level in 2026 without a significant increase in unemployment. The median forecast for the federal funds rate declined to 4.6%, implying three quarter-point cuts next year, four in 2025 and three in 2026, placing the federal funds target rate around

2.9% at the end of the forecast horizon. The market interpreted the statement as dovish, with futures contracts pricing in rate cuts sooner and more aggressively than the Fed’s forecasts next year. We believe the FOMC will loosen monetary policy in mid-2024 as inflation and economic growth continue to moderate. Since the Fed began its Quantitative Tightening campaign in June 2022, securities holdings have declined by over $1.2T to approximately $7.8T.

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%
Effective Federal Funds Rate
Recession
Yield (%)
12 243
Bond Yields
Source: Bloomberg Source: Bloomberg

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%
US Treasury Note Yields
2-Year
5-Year
10-Year
Yield (%)

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%
US Treasury Yield Curve
Dec-23
Sep-23
Dec-22
Yield (%)
At the end of December, the 2-year Treasury yield was 18 basis points lower, and the 10-Year Treasury yield was flat, year-over-year. The inversion between the 2-year Treasury yield and 10-year Treasury yield widened to -37 basis points at December month-end versus -35 basis points at November month-end. The average historical spread (since 2003) is about +130 basis points. The inversion between 3- month and 10-year Treasuries widened to -146 basis points in December from -107 basis points in November. The shape of the yield curve indicates that the probability of recession persists. 13 244
Section 2|SECTION |
Section 2 |
Account Profile
14 245
Objectives
Chandler Asset Management Performance Objective
The performance objective for the portfolio is to achieve a rate of return over a market cycle that equals or exceeds the return on a market index of similar duration and sector allocation.

Investment Objectives
The City of Murrieta's investment objectives, in order of priority, are to provide safety to ensure the preservation of capital in the overall portfolio, provide sufficient liquidity for cash needs and a market rate of return consistent with the investment program.

Strategy
In order to achieve these objectives, the portfolio invests in high quality fixed income securities consistent with the investment policy and California Government Code.

As of December 31, 2023
15 246
Compliance As of December 31, 2023
Category Standard Comment
U.S. Treasuries No limit; 5 years max maturity Complies Federal Agencies 30% max per Agency/GSE issuer; 20% max agency callable securities; 5 years max maturity Complies Municipal Securities (CA, Other States) "A" rating category or better by a NRSRO; 30% max; 5% max per issuer; 5 years max maturity Complies Supranational Obligations "AA" rating category or higher by a NRSRO; 30% max; 10% max per issuer; 5 years max maturity; USD denominated senior unsecured unsubordinated obligations; Issued or unconditionally guaranteed by IBRD, IFC, or IADB Complies Corporate Medium Term Notes
"A" rating category or higher by a NRSRO; 30% max; 5% max per issuer in Medium Term Notes and Commercial Paper; 5 years max maturity; Issued by corporations organized and operating within the U.S. or by depository institutions licensed by the U.S. or any state and operating within the U.S.

Complies
Asset-Backed Securities, Mortgage-
Backed Securities, Collateralized
Mortgage Obligations, Pass-Through
Securities
"AA" rating category or higher by a NRSRO; 20% max (total aggregate in mortgage-backed and asset-backed securities); 5% max per issuer that is not a U.S. government agency; Mortgage-Backed Securities, Collateralized Mortgage Obligations and Asset-Backed Securities limited to mortgage-backed pass-through securities issued by a U.S. government agency or consumer receivable pass-through certificates or bonds; 5 years max maturity Complies
Negotiable Certificates of Deposit (NCD)
The amount of NCD insured up to the FDIC limit does not require any credit ratings; Any amount above FDIC insured limit must be issued by institutions with "A-1" short-term debt rating or better by a NRSRO; or "A" long-term rating category or better by a NRSRO; 30% max (combined with CDARS); 5% max per issuer; 5 years max maturity Complies
Certificate of Deposit Placement Service
(CDARS) 30% max (combination of Certificates of Deposit, including CDARS); 5 years max maturity Complies Time Deposits (Non-negotiable CD/TD) 20% max combined FDIC & Collateralized CD/TD; 5 years max maturity Complies Collateralized Bank Deposits Deposits with financial institutions will be collateralized with pledged securities per California Government Code Complies Banker’s Acceptances
"A-1" rated or higher by a NRSRO; "A" rating category or higher by a NRSRO, if issuers have senior debt outstanding; 30% max; 5% max in bankers acceptance of any one commercial bank; 180 days max maturity; Issued by FDIC insured commercial banks.

Complies
Commercial Paper
25% max; 40% max if the Agency’s investment assets under management are greater than $100 million, under a provision sunsetting on January 1, 2026; 5% max per issuer in Commercial Paper and Medium Term Notes; 270 days maturity; Prime Commercial Paper with the highest rating by a NRSRO; The entity that issues the commercial paper shall meet all of the conditions in either 1) or 2): 1) (a) be organized and operating in the U.S. as a general corporation, (b) have total assets in excess of $500 million, and (c) have debt other than commercial paper, if any, that has "A" rating category or higher by a NRSRO; 2) (a) be organized within the U.S. as a special purpose corporation, trust, or limited liability company; (b) have program-wide credit enhancements including, but not limited to, overcollateralization, letters of credit, or surety bond; and (c) have commercial paper that has "A-1" rating category or higher by a NRSRO.

Complies
Murrieta Consolidated
Assets managed by Chandler Asset Management are in full compliance with state law and the Client's investment policy. 16 247
Compliance As of December 31, 2023
Category Standard Comment
Money Market Funds
"AAA" rating category by two NRSROs; 20% max (aggregate investment in combination of Money Market Funds and Mutual Funds); Investment in any individual fund may not exceed 10% of the fund; Registered under the Investment Company Act of 1940; "no load"; constant net asset value per share $1; invest only in securities authorized by California statute.

Complies
Mutual Funds
"AAA" rating category by two NRSROs; 20% max (aggregate investment in combination of Mutual Funds and Money Market Funds); Investment in any individual Mutual Fund shall not exceed 10% of the portfolio; Investment in any individual fund may not exceed 10% of the fund; Registered under the Investment Company Act of 1940; "no load"; invest only in securities authorized by California statute.

Complies
Local Agency Investment Fund (LAIF) Maximum amount permitted by LAIF, pursuant to California Government Code; Not used by investment adviser Complies Repurchase Agreements 20% max; 1 year max maturity; 102% collateralized; Not used by investment adviser Complies Max Per Issuer 5% max per issuer for all non-federal government securities, with the exception of Money Market Funds, Mutual Funds, Supranationals, LAIF, or unless otherwise specified in the investment policy Complies Maximum Maturity 5 years max maturity, unless the City Council has by resolution granted authority to make such an investment at least 3 months prior to the date of the investment Complies
Murrieta Consolidated
Assets managed by Chandler Asset Management are in full compliance with state law and the Client's investment policy. 17 248
Portfolio Characteristics
City of Murrieta
12/31/23 09/30/23
Benchmark* Portfolio Portfolio
Average Maturity (yrs) 1.85 2.01 2.01
Average Modified Duration 1.77 1.78 1.76
Average Purchase Yield n/a 2.92% 2.63%
Average Market Yield 4.37% 4.62% 5.29%
Average Quality** AA+ AA/Aa1 AA/Aa1
Total Market Value 132,457,325 129,095,855
*ICE BofA 1-3 Yr US Treasury Index
**Benchmark is a blended rating of S&P, Moody’s, and Fitch. Portfolio is S&P and Moody’s respectively.

As of December 31, 2023
18 249
City of Murrieta
Sector Distribution
ABS

4.7%
Agency

20.7%
CMO

6.1%
Corporate

24.6%
Money Market
Fund

0.1%
Supranational

1.5%
US Treasury

42.3%
December 31, 2023 September 30, 2023
ABS

5.7%
Agency

20.2%
CMO

6.1%
Corporate

22.4%
Money Market
Fund

0.7%
Supranational

2.1%
US Treasury

42.8%
As of December 31, 2023
19 250
Issue Name Investment Type % Portfolio
Government of United States US Treasury 42.30%
Federal Home Loan Bank Agency 11.26%
Federal Farm Credit Bank Agency 7.94%
Federal Home Loan Mortgage Corp CMO 6.14%
Paccar Financial Corporate 1.91%
Bank of America Corp Corporate 1.51%
Federal National Mortgage Association Agency 1.50%
Microsoft Corporate 1.41%
Caterpillar Inc Corporate 1.39%
Deere & Company Corporate 1.21%
JP Morgan Chase & Co Corporate 1.20%
Inter-American Dev Bank Supranational 1.16%
Florida Power and Light Corporate 1.14%
JP Morgan ABS ABS 1.01%
Amazon.com Inc Corporate 0.92%
Toyota Motor Corp Corporate 0.84%
National Rural Utilities Corporate 0.82%
Metlife Inc Corporate 0.77%
Morgan Stanley Corporate 0.76%
Home Depot Corporate 0.76%
US Bancorp Corporate 0.75%
Northern Trust Corp Corporate 0.75%
Duke Energy Field Services Corporate 0.75%
Apple Inc Corporate 0.75%
Toronto Dominion Holdings Corporate 0.74%
Chubb Corporation Corporate 0.74%
Royal Bank of Canada Corporate 0.73%
Honeywell Corp Corporate 0.72%
ChevronTexaco Corp Corporate 0.68%
American Express ABS ABS 0.67%
Bank of New York Corporate 0.67%
Mass Mutual Insurance Corporate 0.57%
Public Service El & Gas Corporate 0.55%
John Deere ABS ABS 0.52%
GM Financial Securitized Term Auto Trust ABS 0.50%
Honda ABS ABS 0.47%
Charles Schwab Corp/The Corporate 0.43%
Hyundai Auto Receivables ABS 0.40%
Issuers
City of Murrieta – Account
As of December 31, 2023
20 251
Issue Name Investment Type % Portfolio
Pepsico Inc Corporate 0.40%
Intl Bank Recon and Development Supranational 0.38%
United Health Group Inc Corporate 0.32%
Verizon Master Trust ABS 0.31%
BMW ABS ABS 0.25%
State Street Bank Corporate 0.24%
GM Financial Automobile Leasing Trust ABS 0.21%
BMW Vehicle Lease Trust ABS 0.18%
Salesforce.com Inc Corporate 0.15%
Toyota ABS ABS 0.12%
First American Govt Obligation Fund Class-Z Money Market Fund 0.07% Mercedes-Benz Auto Lease Trust ABS 0.03%
TOTAL 100.00%
Issuers
City of Murrieta – Account
As of December 31, 2023
21 252
AAA AA A <A NR
12/31/23 7.5% 66.7% 19.5% 0.0% 6.3%
09/30/23 9.4% 66.8% 17.2% 0.0% 6.6%
Source: S&P Ratings
December 31, 2023 vs. September 30, 2023

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%
AAA AA A <A NR
12/31/23 09/30/23
Quality Distribution
City of Murrieta
As of December 31, 2023
22 253

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ December 31, 2023 September 30, 2023
December 31, 2023 vs. September 30, 2023
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ 12/31/23 10.9% 7.3% 11.5% 27.6% 25.8% 12.5% 4.3% 0.0%
09/30/23 8.0% 10.8% 13.7% 28.9% 22.6% 11.5% 4.4% 0.0%
City of Murrieta
Duration Distribution As of December 31, 2023
23 254
Total Rate of Return Annualized Since Inception January 31, 2020 Total rate of return: A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending value; it includes interest earnings, realized and unrealized gains and losses in the portfolio.

Investment Performance
City of Murrieta
-1.00%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%
12 months 2 years 3 years 5 years 10 years Since Inception City of Murrieta ICE BofA 1-3 Yr US Treasury Index
Annualized
TOTAL RATE OF RETURN 3 months 12 months 2 years 3 years 5 years 10 years Since Inception
City of Murrieta 2.61% 4.86% 0.74% 0.34% N/A N/A 0.95%
ICE BofA 1-3 Yr US Treasury Index 2.49% 4.26% 0.22% -0.04% N/A N/A 0.62% As of December 31, 2023
24 255
Portfolio Characteristics
Murrieta Liquidity
12/31/23
Portfolio
09/30/23
Portfolio
Average Maturity (yrs) 0.29 0.42
Modified Duration 0.28 0.41
Average Purchase Yield 5.70% 5.58%
Average Market Yield 5.56% 5.61%
Average Quality* AAA/Aaa AAA/Aaa
Total Market Value 11,198,702 11,020,682
*Portfolio is S&P and Moody’s, respectively.

As of December 31, 2023
25 256
Murrieta Liquidity
Sector Distribution
Commercial
Paper

35.0%
Money Market
Fund

2.3%Negotiable CD

18.3%
US Treasury

44.4%
December 31, 2023 September 30, 2023
Commercial
Paper

17.6%
Money Market
Fund

19.7%
Negotiable CD

18.2%
US Treasury

44.5%
As of December 31, 2023
26 257

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

45.0%

50.0%
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ Murrieta Liquidity
Portfolio Compared to the Benchmark
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ Murrieta Liquidity 46.7% 35.0% 18.3% 0.0% 0.0% 0.0% 0.0% 0.0% Duration Distribution
Murrieta Liquidity
As of December 31, 2023
27 258
Issue Name Investment Type % Portfolio
Government of United States US Treasury 44.40%
Cooperatieve Rabobank UA Negotiable CD 18.28%
MUFG Bank Ltd/NY Commercial Paper 17.57%
Toyota Motor Corp Commercial Paper 17.47%
First American Govt Obligation Fund Class-Z Money Market Fund 2.28% TOTAL 100.00%
Issuers
Murrieta Liquidity – Account
As of December 31, 2023
28 259
Portfolio Characteristics
Murrieta Consolidated
12/31/23
Portfolio
09/30/23
Portfolio
Average Maturity (yrs) 1.87 1.89
Modified Duration 1.66 1.65
Average Purchase Yield 3.13% 2.86%
Average Market Yield 4.69% 5.32%
Average Quality* AA/Aa1 AA+/Aa1
Total Market Value 143,656,027 140,116,536
*Portfolio is S&P and Moody’s, respectively.

As of December 31, 2023
29 260
Murrieta Consolidated
Sector Distribution
ABS

4.3%
Agency

19.1%
CMO

5.7%
Commercial
Paper

2.7%
Corporate

22.7%
Money Market
Fund

0.2%
Negotiable CD

1.4%
Supranational

1.4%
US Treasury

42.5%
December 31, 2023 September 30, 2023
ABS

5.2%
Agency

18.6%
CMO

5.7%
Commercial
Paper

1.4%
Corporate

20.6%
Money Market
Fund

2.2%
Negotiable CD

1.4%
Supranational

2.0%
US Treasury

42.9%
As of December 31, 2023
30 261
SECTION |
Section 3 |
Consolidated Information
31 262
Portfolio Characteristics
Murrieta Consolidated
12/31/23 09/30/23
Portfolio Portfolio
Average Maturity (yrs) 1.87 1.89
Modified Duration 1.66 1.65
Average Purchase Yield 3.13% 2.86%
Average Market Yield 4.69% 5.32%
Average Quality* AA/Aa1 AA+/Aa1
Total Market Value 143,656,027 140,116,536
* Portfolio is S&P and Moody’s respectively.

As of December 31, 2023
32 263
Murrieta Consolidated
Sector Distribution
ABS

4.3%
Agency

19.1%
CMO

5.7%
Commercial
Paper

2.7%
Corporate

22.7%
Money Market
Fund

0.2%
Negotiable CD

1.4%
Supranational

1.4%
US Treasury

42.5%
December 31, 2023 September 30, 2023
ABS

5.2%
Agency

18.6%
CMO

5.7%
Commercial
Paper

1.4%
Corporate

20.6%
Money Market
Fund

2.2%
Negotiable CD

1.4%
Supranational

2.0%
US Treasury

42.9%
As of December 31, 2023
33 264
SECTION |
Section 4 |
Portfolio Holdings
34 265
Holdings Report
City of Murrieta - Account
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
58769KAD6 Mercedes-Benz Auto Lease Trust 2021-B A3

0.400% Due 11/15/2024
44,170.92 06/22/2021

0.40%
44,167.59
44,167.59

99.81 6.17%
44,087.35

7.85 0.03%
(80.24)

NR / AAA
AAA

0.88 0.03
05601XAC3 BMW Vehicle Lease Trust 2022-1 A3

1.100% Due 03/25/2025
84,501.02 01/11/2022

1.11%
84,488.39
84,488.39

99.43 6.24%
84,021.48

15.49 0.06%
(466.91)

NR / AAA
AAA

1.23 0.11
43813GAC5 Honda Auto Receivables Trust 2021-1 A3

0.270% Due 04/21/2025
41,577.59 02/17/2021

0.27%
41,576.83
41,576.83

98.79 6.20%
41,072.76

3.12 0.03%
(504.07)
Aaa / NR
AAA

1.31 0.20
89240BAC2 Toyota Auto Receivables Owners 2021-A A3

0.260% Due 05/15/2025
156,201.08 02/02/2021

0.27%
156,172.09
156,172.09

98.89 6.00%
154,472.09

18.05 0.12%
(1,700.00)
Aaa / NR
AAA

1.37 0.19
47788UAC6 John Deere Owner Trust 2021-A A3

0.360% Due 09/15/2025
101,136.99 03/02/2021

0.37%
101,117.56
101,117.56

98.22 5.62%
99,341.10

16.18 0.08%
(1,776.46)
Aaa / NR
AAA

1.71 0.34
44933LAC7 Hyundai Auto Receivables Trust 2021-A A3

0.380% Due 09/15/2025
124,356.94 04/20/2021

0.38%
124,343.86
124,343.86

98.59 5.75%
122,597.41

21.00 0.09%
(1,746.45)

NR / AAA
AAA

1.71 0.26
05593AAC3 BMW Vehicle Lease Trust 2023-1 A3

5.160% Due 11/25/2025
155,000.00 02/07/2023

5.22%
154,996.31
154,996.31

99.87 5.37%
154,804.24
133.30

0.12%
(192.07)
Aaa / AAA
NR

1.90 0.80
44934KAC8 Hyundai Auto Receivables Trust 2021-B A3

0.380% Due 01/15/2026
411,427.87 07/20/2021

0.39%
411,337.07
411,337.07

97.82 5.84%
402,474.79

69.49 0.30%
(8,862.28)

NR / AAA
AAA

2.04 0.40
43815GAC3 Honda Auto Receivables Trust 2021-4 A3

0.880% Due 01/21/2026
229,862.24 11/16/2021

0.89%
229,813.80
229,813.80

97.04 5.75%
223,047.74

56.19 0.17%
(6,766.06)
Aaa / NR
AAA

2.06 0.61
47789QAC4 John Deere Owner Trust 2021-B A3

0.520% Due 03/16/2026
252,861.88 07/13/2021

0.52%
252,839.32
252,839.32

97.29 5.63%
246,013.62

58.44 0.19%
(6,825.70)
Aaa / NR
AAA

2.21 0.53
43815PAC3 Honda Auto Receivables 2022-2 A3

3.730% Due 07/20/2026
365,000.00 08/15/2022

3.76%
364,978.25
364,978.25

98.46 5.28%
359,374.29
491.63

0.27%
(5,603.96)

NR / AAA
AAA

2.55 1.02
05602RAD3 BMW Vehicle Owner Trust 2022-A A3

3.210% Due 08/25/2026
341,700.36 05/10/2022

3.23%
341,682.59
341,682.59

98.59 5.24%
336,876.92
182.81

0.25%
(4,805.67)
Aaa / AAA
NR

2.65 0.70
362554AC1 GM Financial Securitized Term 2021-4 A3

0.680% Due 09/16/2026
180,108.75 10/13/2021

0.68%
180,104.16
180,104.16

96.65 5.81%
174,071.14

51.03 0.13%
(6,033.02)
Aaa / AAA
NR

2.71 0.65
47787JAC2 John Deere Owner Trust 2022-A A3

2.320% Due 09/16/2026
346,467.08 03/10/2022

2.34%
346,390.45
346,390.45

97.77 5.39%
338,728.39
357.25

0.26%
(7,662.06)
Aaa / NR
AAA

2.71 0.73
380146AC4 GM Financial Auto Receivables 2022-1 A3

1.260% Due 11/16/2026
179,299.85 01/11/2022

1.27%
179,284.26
179,284.26

97.07 5.49%
174,047.98

94.13 0.13%
(5,236.28)

NR / AAA
AAA

2.88 0.69
379929AD4 GM Financial Auto Leasing 2023-3 A3

5.380% Due 11/20/2026
280,000.00 08/08/2023

5.45%
279,966.43
279,966.43
100.67

5.00%
281,873.20
460.29

0.21%
1,906.77

NR / AAA
AAA

2.89 1.53
36265WAD5 GM Financial Securitized Auto 2022-3 A3

3.640% Due 04/16/2027
320,000.00 07/06/2022

3.67%
319,997.79
319,997.79

98.38 5.18%
314,830.72
485.33

0.24%
(5,167.07)
Aaa / NR
AAA

3.29 1.07
As of December 31, 2023
35 266
Holdings Report
City of Murrieta - Account
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
02582JJT8 American Express Credit Trust 2022-2 A

3.390% Due 05/17/2027
905,000.00 05/17/2022

3.42%
904,799.81
904,799.81

97.95 4.99%
886,482.80
1,363.53

0.67%
(18,317.01)

NR / AAA
AAA

3.38 1.30
92348KAV5 Verizon Master Trust 2022-5 A1A

3.720% Due 07/20/2027
415,000.00 08/02/2022

3.75%
414,981.74
414,981.74

99.90 4.58%
414,594.55
471.72

0.31%
(387.19)

NR / AAA
AAA

3.55 0.62
161571HT4 Chase Issuance Trust 23-A1 A

5.160% Due 09/15/2028
1,320,000.00 09/07/2023

5.23%
1,319,634.10
1,319,634.10
101.55

4.59%
1,340,415.12
3,027.20

1.01%
20,781.02

NR / AAA
AAA

4.71 2.46
TOTAL ABS 6,253,672.57 3.11%
6,252,672.40
6,252,672.40 5.18%
6,193,227.69
7,384.03

4.68%
(59,444.71)
Aaa / AAA
AAA

3.11 1.17
Agency
3133EKMX1 FFCB Note

2.230% Due 02/23/2024
2,000,000.00 07/16/2019

1.97%
2,022,820.00
2,022,820.00

99.54 5.42%
1,990,734.00
15,857.78

1.51%
(32,086.00)
Aaa / AA+
AA+

0.15 0.14
3130A1XJ2 FHLB Note

2.875% Due 06/14/2024
2,000,000.00 09/13/2019

1.76%
2,101,140.00
2,101,140.00

98.93 5.29%
1,978,578.00
2,715.28

1.50%
(122,562.00)
Aaa / AA+
NR

0.45 0.44
3135G0V75 FNMA Note

1.750% Due 07/02/2024
2,000,000.00 10/21/2019

1.66%
2,007,660.00
2,007,660.00

98.33 5.15%
1,966,642.00
17,402.78

1.50%
(41,018.00)
Aaa / AA+
AA+

0.50 0.49
3130AQF40 FHLB Note

1.000% Due 12/20/2024
1,400,000.00 12/21/2021

1.03%
1,398,768.00
1,398,768.00

96.40 4.85%
1,349,591.60
427.78

1.02%
(49,176.40)
Aaa / AA+
NR

0.97 0.94
3133ENKS8 FFCB Note

1.125% Due 01/06/2025
755,000.00 01/06/2022

1.20%
753,301.25
753,301.25

96.64 4.55%
729,665.22
4,128.91

0.55%
(23,636.03)
Aaa / AA+
AA+

1.02 0.98
3133ENPG9 FFCB Note

1.750% Due 02/14/2025
1,200,000.00 02/25/2022

1.82%
1,197,456.00
1,197,456.00

96.95 4.57%
1,163,448.00
7,991.67

0.88%
(34,008.00)
Aaa / AA+
AA+

1.13 1.08
3130AWLZ1 FHLB Note

4.750% Due 06/12/2026
2,000,000.00 08/16/2023

4.78%
1,998,620.00
1,998,620.00
101.25

4.20%
2,025,056.00
5,013.89

1.53%
26,436.00
Aaa / AA+
NR

2.45 2.29
3133EPZY4 FFCB Note

5.000% Due 07/30/2026
2,000,000.00 11/09/2023

4.85%
2,007,480.00
2,007,480.00
102.09

4.14%
2,041,706.00
16,944.44

1.55%
34,226.00
Aaa / AA+
NR

2.58 2.39
3133EPSW6 FFCB Note

4.500% Due 08/14/2026
2,405,000.00 08/09/2023

4.58%
2,399,468.50
2,399,468.50
100.84

4.16%
2,425,228.46
41,185.63

1.86%
25,759.96
Aaa / AA+
AA+

2.62 2.41
3130AWTQ3 FHLB Note

4.625% Due 09/11/2026
4,500,000.00 Various

4.81%
4,476,030.00
4,476,030.00
101.29

4.11%
4,558,261.50
84,984.38

3.51%
82,231.50
Aaa / AA+
NR

2.70 2.47
3130AXU63 Federal Home Loan Banks Note

4.625% Due 11/17/2026
1,750,000.00 11/30/2023

4.53%
1,754,427.50
1,754,427.50
101.41

4.10%
1,774,708.25
9,892.36

1.35%
20,280.75
Aaa / AA+
NR

2.88 2.66
3130AVVX7 FHLB Note

3.750% Due 06/09/2028
1,120,000.00 06/07/2023

4.00%
1,107,243.20
1,107,243.20

99.34 3.91%
1,112,606.88
2,566.67

0.84%
5,363.68
Aaa / AA+
NR

4.44 4.04
3130AWC24 FHLB Note

4.000% Due 06/09/2028
2,000,000.00 07/06/2023

4.49%
1,956,940.00
1,956,940.00
100.35

3.91%
2,007,000.00
4,888.89

1.52%
50,060.00
Aaa / AA+
NR

4.44 4.02
As of December 31, 2023
36 267
Holdings Report
City of Murrieta - Account
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
3133EPWK7 FFCB Note

4.500% Due 09/22/2028
2,000,000.00 10/12/2023

4.71%
1,981,460.00
1,981,460.00
102.60

3.89%
2,052,030.00
24,750.00

1.57%
70,570.00
Aaa / AA+
AA+

4.73 4.18
TOTAL Agency 27,130,000.00 3.60%
27,162,814.45
27,162,814.45 4.41%
27,175,255.91
238,750.46

20.70%
12,441.46
Aaa / AA+
AA+

2.32 2.13
CMO
3137BM7C4 FHLMC K051 A2

3.308% Due 09/25/2025
1,223,000.00 06/23/2022

3.33%
1,220,420.23
1,220,420.23

97.54 4.82%
1,192,932.55
3,371.40

0.90%
(27,487.68)

NR / NR
AAA

1.74 1.51
3137BSP72 FHLMC K058 A2

2.653% Due 08/25/2026
2,000,000.00 02/09/2023

4.35%
1,890,546.88
1,890,546.88

95.42 4.49%
1,908,336.00
4,421.67

1.44%
17,789.12

NR / NR
AAA

2.65 2.46
3137BTUM1 FHLMC K061 A2

3.347% Due 11/25/2026
898,654.79 09/22/2022

4.37%
866,394.49
866,394.49

96.92 4.50%
870,957.35
2,506.50

0.66%
4,562.86

NR / NR
AAA

2.90 2.56
3137BVZ82 FHLMC K063

3.430% Due 01/25/2027
862,000.00 Various

4.09%
839,600.51
839,600.51

97.17 4.42%
837,630.40
2,463.89

0.63%
(1,970.11)

NR / NR
AAA

3.07 2.72
3137F1G44 FHLMC K065 A2

3.243% Due 04/25/2027
1,000,000.00 09/19/2022

4.08%
965,468.75
965,468.75

96.45 4.40%
964,479.00
2,702.50

0.73%
(989.75)

NR / NR
AAA

3.32 3.00
3137FBU79 FHLMC K069 A2

3.187% Due 09/25/2027
1,250,000.00 05/18/2023

4.65%
1,200,732.43
1,200,732.43

95.94 4.38%
1,199,255.00
3,319.79

0.91%
(1,477.43)

NR / AAA
NR

3.74 3.33
3137F4X72 FHLMC K075 A2

3.650% Due 02/25/2028
1,165,000.00 09/14/2023

4.92%
1,107,478.13
1,107,478.13

97.21 4.37%
1,132,454.56
3,543.54

0.86%
24,976.43

NR / NR
AAA

4.16 3.74
TOTAL CMO 8,398,654.79 4.26%
8,090,641.42
8,090,641.42 4.49%
8,106,044.86
22,329.29

6.14%
15,403.44

NR / AAA
AAA

3.04 2.73
Corporate
24422EVN6 John Deere Capital Corp Note

0.450% Due 01/17/2024
865,000.00 03/01/2021

0.47%
864,385.85
864,385.85

99.79 5.10%
863,211.18
1,773.25

0.65%
(1,174.67)
A2 / A
A+

0.05 0.04
69371RR24 Paccar Financial Corp Note

0.350% Due 02/02/2024
795,000.00 01/28/2021

0.39%
794,077.80
794,077.80

99.56 5.50%
791,483.72
1,151.65

0.60%
(2,594.08)
A1 / A+
NR

0.09 0.09
594918BX1 Microsoft Callable Note Cont 12/6/2023

2.875% Due 02/06/2024
1,850,000.00 07/18/2019

2.07%
1,914,361.50
1,914,361.50

99.75 5.37%
1,845,384.25
21,422.74

1.41%
(68,977.25)
Aaa / AAA
NR

0.10 0.09
166764BT6 Chevron Corp Callable Note Cont 1/3/2024

2.895% Due 03/03/2024
900,000.00 11/04/2019

1.94%
935,334.00
935,334.00

99.51 5.72%
895,584.60
8,540.25

0.68%
(39,749.40)
Aa2 / AA-
NR

0.17 0.17
808513BN4 Charles Schwab Corp Callable Note Cont 2/18/2024

0.750% Due 03/18/2024
575,000.00 03/16/2021

0.77%
574,712.50
574,712.50

98.97 5.60%
569,094.18
1,233.85

0.43%
(5,618.32)
A2 / A-
A

0.21 0.21
As of December 31, 2023
37 268
Holdings Report
City of Murrieta - Account
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
023135BW5 Amazon.com Inc Note

0.450% Due 05/12/2024
805,000.00 05/10/2021

0.50%
803,824.70
803,824.70

98.23 5.40%
790,774.04
493.06

0.60%
(13,050.66)
A1 / AA
AA-

0.36 0.36
91324PEB4 United Health Group Inc Callable Note Cont 5/15/2022

0.550% Due 05/15/2024
425,000.00 11/08/2021

0.78%
422,560.50
422,560.50

98.19 5.50%
417,321.53
298.68

0.32%
(5,238.97)
A2 / A+
A

0.37 0.36
24422EVQ9 John Deere Capital Corp Note

0.450% Due 06/07/2024
760,000.00 06/07/2021

0.49%
759,050.00
759,050.00

97.86 5.50%
743,753.48
228.00

0.56%
(15,296.52)
A2 / A
A+

0.44 0.42
06051GJY6 Bank of America Corp Callable Note Cont 6/14/2023

5.720% Due 06/14/2024
960,000.00 06/07/2021

2.22%
960,064.00
960,064.00

99.86 6.07%
958,642.56
2,745.60

0.73%
(1,421.44)
A1 / A-
AA-

0.45 0.20
89236TJH9 Toyota Motor Credit Corp Note

0.500% Due 06/18/2024
1,140,000.00 06/15/2021

0.54%
1,138,643.40
1,138,643.40

97.68 5.62%
1,113,581.64
205.83

0.84%
(25,061.76)
A1 / A+
A+

0.47 0.45
79466LAG9 Salesforce.com Inc Callable Note Cont 7/15/2022

0.625% Due 07/15/2024
200,000.00 06/29/2021

0.64%
199,898.00
199,898.00

97.48 5.43%
194,958.40
576.39

0.15%
(4,939.60)
A2 / A+
NR

0.54 0.52
91159HHX1 US Bancorp Callable Note Cont 6/28/2024

2.400% Due 07/30/2024
1,000,000.00 11/09/2021

0.85%
1,041,550.00
1,041,550.00

98.27 5.45%
982,713.00
10,066.67

0.75%
(58,837.00)
A3 / A
A

0.58 0.56
69371RR40 Paccar Financial Corp Note

0.500% Due 08/09/2024
245,000.00 08/03/2021

0.52%
244,867.70
244,867.70

97.06 5.50%
237,800.68
483.19

0.18%
(7,067.02)
A1 / A+
NR

0.61 0.59
78016EYM3 Royal Bank of Canada Note

1.600% Due 01/21/2025
1,000,000.00 01/12/2022

1.60%
1,000,000.00
1,000,000.00

96.47 5.08%
964,651.00
7,111.11

0.73%
(35,349.00)
A1 / A
AA-

1.06 1.02
06406RBC0 Bank of NY Mellon Corp Callable Note Cont 3/25/2025

3.350% Due 04/25/2025
900,000.00 04/19/2022

3.35%
899,874.00
899,874.00

97.68 5.19%
879,097.50
5,527.50

0.67%
(20,776.50)
A1 / A
AA-

1.32 1.26
14913R2V8 Caterpillar Financial Service Note

3.400% Due 05/13/2025
480,000.00 05/10/2022

3.44%
479,390.40
479,390.40

98.29 4.70%
471,789.60
2,176.00

0.36%
(7,600.80)
A2 / A
A+

1.37 1.31
438516CB0 Honeywell Intl Callable Note Cont 5/1/2025

1.350% Due 06/01/2025
1,000,000.00 03/09/2022

2.31%
970,280.00
970,280.00

95.46 4.70%
954,648.00
1,125.00

0.72%
(15,632.00)
A2 / A
A

1.42 1.37
89115A2A9 Toronto-Dominion Bank Note

3.766% Due 06/06/2025
1,000,000.00 06/02/2022

3.70%
1,001,830.00
1,001,830.00

98.39 4.95%
983,871.00
2,615.28

0.74%
(17,959.00)
A1 / A
NR

1.43 1.37
63743HFE7 National Rural Utilities Note

3.450% Due 06/15/2025
1,105,000.00 Various

3.61%
1,099,973.65
1,099,973.65

97.92 4.95%
1,081,964.06
1,694.34

0.82%
(18,009.59)
A2 / A-
A

1.46 1.40
14913R2Z9 Caterpillar Financial Service Note

3.650% Due 08/12/2025
1,375,000.00 08/08/2022

3.69%
1,373,336.25
1,373,336.25

98.37 4.71%
1,352,610.88
19,377.95

1.04%
(20,725.37)
A2 / A
A+

1.62 1.52
As of December 31, 2023
38 269
Holdings Report
City of Murrieta - Account
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
26442UAA2 Duke Energy Progress LLC Callable Note Cont 5/15/25

3.250% Due 08/15/2025
1,000,000.00 06/23/2022

3.57%
990,710.00
990,710.00

97.72 4.73%
977,173.00
12,277.78

0.75%
(13,537.00)
Aa3 / A
NR

1.62 1.54
437076CR1 Home Depot Callable Note Cont 8/15/2025

4.000% Due 09/15/2025
1,000,000.00 09/14/2022

4.13%
996,380.00
996,380.00

99.07 4.57%
990,738.00
11,777.78

0.76%
(5,642.00)
A2 / A
A

1.71 1.61
023135CN4 Amazon.com Inc Note

4.600% Due 12/01/2025
425,000.00 11/29/2022

4.60%
424,974.50
424,974.50
100.26

4.45%
426,107.98
1,629.17

0.32%
1,133.48
A1 / AA
AA-

1.92 1.81
857477BR3 State Street Bank Callable Note Cont 2/6/2025

1.746% Due 02/06/2026
335,000.00 02/02/2022

3.06%
335,000.00
335,000.00

96.09 5.45%
321,905.52
2,355.89

0.24%
(13,094.48)
A1 / A
AA-

2.10 1.06
037833BY5 Apple Inc Callable Note Cont 11/23/2025

3.250% Due 02/23/2026
1,000,000.00 02/22/2023

4.72%
959,390.00
959,390.00

97.57 4.45%
975,669.00
11,555.56

0.75%
16,279.00
Aaa / AA+
NR

2.15 2.02
57629W6F2 Mass Mutual Global funding Note

4.500% Due 04/10/2026
750,000.00 04/04/2023

4.52%
749,482.50
749,482.50

99.70 4.64%
747,777.75
7,593.75

0.57%
(1,704.75)
Aa3 / AA+
AA+

2.28 2.12
00440EAV9 Chubb INA Holdings Inc Callable Note Cont 2/3/2026

3.350% Due 05/03/2026
1,000,000.00 09/13/2023

5.23%
954,220.00
954,220.00

97.29 4.58%
972,850.00
5,397.22

0.74%
18,630.00
A3 / A
A

2.34 2.21
58989V2F0 Met Tower Global Funding Note

5.400% Due 06/20/2026
1,000,000.00 06/12/2023

5.38%
1,000,440.00
1,000,440.00
101.49

4.75%
1,014,876.00
1,650.00

0.77%
14,436.00
Aa3 / AA-
AA-

2.47 2.29
61747YET8 Morgan Stanley Callable Note Cont 7/17/2025

4.679% Due 07/17/2026
1,000,000.00 09/14/2022

5.46%
994,030.00
994,030.00

99.04 5.32%
990,403.00
21,315.44

0.76%
(3,627.00)
A1 / A-
A+

2.55 1.44
69371RS56 Paccar Financial Corp Note

5.050% Due 08/10/2026
1,450,000.00 Various

4.99%
1,451,925.00
1,451,925.00
101.40

4.47%
1,470,363.80
28,679.80

1.13%
18,438.80
A1 / A+
NR

2.61 2.38
06428CAA2 Bank Of America NA Callable Note cont 7/17/2026

5.526% Due 08/18/2026
1,000,000.00 09/13/2023

5.57%
998,810.00
998,810.00
101.85

4.74%
1,018,459.00
20,415.50

0.78%
19,649.00
Aa1 / A+
AA

2.63 2.31
713448FW3 Pepsico Inc. Callable Note Cont 10/10/2026

5.125% Due 11/10/2026
510,000.00 11/08/2023

5.13%
509,862.30
509,862.30
102.11

4.30%
520,779.87
3,702.81

0.40%
10,917.57
A1 / A+
NR

2.86 2.55
48125LRU8 JP Morgan Chase Bank Callable Note Cont 11/08/2026

5.110% Due 12/08/2026
1,575,000.00 Various

5.08%
1,576,460.00
1,576,460.00
100.90

4.77%
1,589,132.48
5,141.94

1.20%
12,672.48
Aa2 / A+
AA

2.94 2.67
665859AW4 Northern Trust Company Callable Note Cont 4/10/2027

4.000% Due 05/10/2027
1,000,000.00 09/14/2022

4.23%
990,460.00
990,460.00

98.65 4.44%
986,468.00
5,666.67

0.75%
(3,992.00)
A2 / A+
A+

3.36 3.09
74456QBU9 Public Service El & Gas Callable Note Cont 02/01/28

3.700% Due 05/01/2028
750,000.00 06/22/2023

4.79%
715,005.00
715,005.00

96.82 4.51%
726,164.25
4,625.00

0.55%
11,159.25
A1 / A
NR

4.34 3.93
As of December 31, 2023
39 270
Holdings Report
City of Murrieta - Account
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
341081GN1 Florida Power and Light Callable Note Cont 3/15/2028

4.400% Due 05/15/2028
1,500,000.00 05/22/2023

4.64%
1,484,025.00
1,484,025.00
100.16

4.35%
1,502,398.50
8,433.33

1.14%
18,373.50
Aa2 / A+
AA-

4.38 3.78
TOTAL Corporate 32,675,000.00 3.23%
32,609,188.55
32,609,188.55 4.97%
32,324,201.45
241,063.98

24.59%
(284,987.10)
A1 / A+
A+

1.67 1.50
Money Market Fund
31846V567 First American Govt Obligation MMKT Class-Z 90,320.00 Various

5.23%
90,320.00
90,320.00

1.00 5.23%
90,320.00

0.00 0.07%

0.00 Aaa / AAA
AAA

0.00 0.00
TOTAL Money Market Fund 90,320.00 5.23%
90,320.00
90,320.00 5.23%
90,320.00

0.00 0.07%

0.00 Aaa / AAA
AAA

0.00 0.00
Supranational
4581X0DZ8 Inter-American Dev Bank Note

0.500% Due 09/23/2024
1,585,000.00 09/15/2021

0.52%
1,583,827.10
1,583,827.10

96.79 5.05%
1,534,077.12
2,157.36

1.16%
(49,749.98)
Aaa / AAA
NR

0.73 0.71
459058KT9 Intl. Bank Recon & Development Note

3.500% Due 07/12/2028
500,000.00 07/24/2023

4.26%
483,115.00
483,115.00

97.91 4.01%
489,566.00
8,215.28

0.38%
6,451.00
Aaa / AAA
NR

4.53 4.07
TOTAL Supranational 2,085,000.00 1.40%
2,066,942.10
2,066,942.10 4.80%
2,023,643.12
10,372.64

1.54%
(43,298.98)
Aaa / AAA
NR

1.66 1.53
US Treasury
91282CBE0 US Treasury Note

0.125% Due 01/15/2024
2,000,000.00 01/12/2021

0.24%
1,992,890.63
1,992,890.63

99.82 4.64%
1,996,322.00
1,154.89

1.51%
3,431.37
Aaa / AA+
AA+

0.04 0.04
9128285Z9 US Treasury Note

2.500% Due 01/31/2024
2,000,000.00 09/13/2019

1.72%
2,065,631.70
2,065,631.70

99.77 5.18%
1,995,406.00
20,923.91

1.52%
(70,225.70)
Aaa / AA+
AA+

0.08 0.08
91282CBR1 US Treasury Note

0.250% Due 03/15/2024
2,000,000.00 06/28/2021

0.40%
1,991,875.00
1,991,875.00

99.00 5.13%
1,980,078.00
1,483.52

1.50%
(11,797.00)
Aaa / AA+
AA+

0.21 0.20
91282CBV2 US Treasury Note

0.375% Due 04/15/2024
1,100,000.00 04/28/2021

0.36%
1,100,644.53
1,100,644.53

98.63 5.19%
1,084,875.00
879.10

0.82%
(15,769.53)
Aaa / AA+
AA+

0.29 0.29
91282CCC3 US Treasury Note

0.250% Due 05/15/2024
1,000,000.00 05/12/2021

0.36%
996,875.00
996,875.00

98.20 5.15%
982,031.00
322.80

0.74%
(14,844.00)
Aaa / AA+
AA+

0.37 0.37
91282CCT6 US Treasury Note

0.375% Due 08/15/2024
2,000,000.00 08/26/2021

0.46%
1,995,234.38
1,995,234.38

97.13 5.09%
1,942,656.00
2,832.88

1.47%
(52,578.38)
Aaa / AA+
AA+

0.62 0.61
91282CCX7 US Treasury Note

0.375% Due 09/15/2024
1,800,000.00 09/10/2021

0.44%
1,796,484.38
1,796,484.38

96.84 4.98%
1,743,188.40
2,002.75

1.32%
(53,295.98)
Aaa / AA+
AA+

0.71 0.69
As of December 31, 2023
40 271
Holdings Report
City of Murrieta - Account
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
912828YM6 US Treasury Note

1.500% Due 10/31/2024
1,700,000.00 09/24/2021

0.55%
1,749,273.44
1,749,273.44

97.29 4.86%
1,653,914.70
4,343.41

1.25%
(95,358.74)
Aaa / AA+
AA+

0.84 0.81
91282CDH1 US Treasury Note

0.750% Due 11/15/2024
2,000,000.00 11/29/2021

0.81%
1,996,328.13
1,996,328.13

96.50 4.89%
1,930,078.00
1,936.81

1.46%
(66,250.13)
Aaa / AA+
AA+

0.88 0.85
91282CDN8 US Treasury Note

1.000% Due 12/15/2024
900,000.00 12/29/2021

0.99%
900,386.72
900,386.72

96.43 4.86%
867,902.40
418.03

0.66%
(32,484.32)
Aaa / AA+
AA+

0.96 0.93
912828Z52 US Treasury Note

1.375% Due 01/31/2025
2,000,000.00 06/04/2021

0.51%
2,062,500.00
2,062,500.00

96.48 4.74%
1,929,610.00
11,508.15

1.47%
(132,890.00)
Aaa / AA+
AA+

1.09 1.05
912828ZC7 US Treasury Note

1.125% Due 02/28/2025
1,200,000.00 02/09/2022

1.59%
1,183,359.38
1,183,359.38

96.05 4.65%
1,152,609.60
4,561.81

0.87%
(30,749.78)
Aaa / AA+
AA+

1.16 1.13
912828ZF0 US Treasury Note

0.500% Due 03/31/2025
2,000,000.00 03/03/2021

0.54%
1,997,031.25
1,997,031.25

95.08 4.60%
1,901,640.00
2,540.98

1.44%
(95,391.25)
Aaa / AA+
AA+

1.25 1.22
912828ZL7 US Treasury Note

0.375% Due 04/30/2025
2,000,000.00 04/12/2021

0.66%
1,977,343.75
1,977,343.75

94.63 4.57%
1,892,656.00
1,277.47

1.43%
(84,687.75)
Aaa / AA+
AA+

1.33 1.30
912828ZT0 US Treasury Note

0.250% Due 05/31/2025
1,800,000.00 10/14/2021

0.78%
1,765,757.81
1,765,757.81

94.18 4.55%
1,695,164.40
393.44

1.28%
(70,593.41)
Aaa / AA+
AA+

1.42 1.38
91282CAB7 US Treasury Note

0.250% Due 07/31/2025
2,000,000.00 12/02/2021

1.06%
1,942,031.25
1,942,031.25

93.65 4.44%
1,873,046.00
2,092.39

1.42%
(68,985.25)
Aaa / AA+
AA+

1.58 1.55
91282CAJ0 US Treasury Note

0.250% Due 08/31/2025
1,000,000.00 03/22/2022

2.42%
928,828.13
928,828.13

93.36 4.43%
933,555.00
844.78

0.71%
4,726.87
Aaa / AA+
AA+

1.67 1.62
9128285C0 US Treasury Note

3.000% Due 09/30/2025
3,250,000.00 Various

2.90%
3,259,882.81
3,259,882.81

97.70 4.38%
3,175,097.25
24,774.59

2.42%
(84,785.56)
Aaa / AA+
AA+

1.75 1.67
9128285J5 US Treasury Note

3.000% Due 10/31/2025
2,500,000.00 06/23/2022

3.02%
2,498,632.81
2,498,632.81

97.67 4.33%
2,441,797.50
12,774.73

1.85%
(56,835.31)
Aaa / AA+
AA+

1.84 1.75
912828M56 US Treasury Note

2.250% Due 11/15/2025
2,500,000.00 06/23/2022

3.11%
2,431,152.34
2,431,152.34

96.31 4.32%
2,407,812.50
7,263.05

1.82%
(23,339.84)
Aaa / AA+
AA+

1.88 1.80
9128285T3 US Treasury Note

2.625% Due 12/31/2025
2,500,000.00 09/14/2022

3.76%
2,412,792.97
2,412,792.97

96.91 4.25%
2,422,657.50
180.29

1.83%
9,864.53
Aaa / AA+
AA+

2.00 1.92
9128286L9 US Treasury Note

2.250% Due 03/31/2026
2,500,000.00 09/14/2022

3.74%
2,377,832.03
2,377,832.03

95.93 4.16%
2,398,242.50
14,293.03

1.82%
20,410.47
Aaa / AA+
AA+

2.25 2.15
912828U24 US Treasury Note

2.000% Due 11/15/2026
3,000,000.00 09/13/2023

4.66%
2,767,031.25
2,767,031.25

94.54 4.03%
2,836,173.00
7,747.25

2.15%
69,141.75
Aaa / AA+
AA+

2.88 2.74
912828YX2 US Treasury Note

1.750% Due 12/31/2026
1,750,000.00 12/27/2023

3.96%
1,641,240.23
1,641,240.23

93.69 4.00%
1,639,599.50

84.13 1.24%
(1,640.73)
Aaa / AA+
AA+

3.00 2.88
91282CEF4 US Treasury Note

2.500% Due 03/31/2027
2,500,000.00 11/17/2022

4.02%
2,349,414.06
2,349,414.06

95.57 3.96%
2,389,355.00
15,881.15

1.82%
39,940.94
Aaa / AA+
AA+

3.25 3.06
As of December 31, 2023
41 272
Holdings Report
City of Murrieta - Account
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
91282CEW7 US Treasury Note

3.250% Due 06/30/2027
1,300,000.00 12/12/2022

3.87%
1,266,687.50
1,266,687.50

97.72 3.95%
1,270,395.10
116.07

0.96%
3,707.60
Aaa / AA+
AA+

3.50 3.27
91282CFB2 US Treasury Note

2.750% Due 07/31/2027
2,000,000.00 07/26/2023

4.30%
1,887,109.38
1,887,109.38

95.99 3.96%
1,919,844.00
23,016.30

1.47%
32,734.62
Aaa / AA+
AA+

3.58 3.33
91282CFH9 US Treasury Note

3.125% Due 08/31/2027
2,500,000.00 01/24/2023

3.65%
2,445,117.19
2,445,117.19

97.19 3.96%
2,429,687.50
26,399.38

1.85%
(15,429.69)
Aaa / AA+
AA+

3.67 3.39
91282CFM8 US Treasury Note

4.125% Due 09/30/2027
1,600,000.00 02/22/2023

4.19%
1,595,500.00
1,595,500.00
100.63

3.94%
1,610,124.80
16,770.49

1.23%
14,624.80
Aaa / AA+
AA+

3.75 3.41
9128283F5 US Treasury Note

2.250% Due 11/15/2027
1,400,000.00 06/07/2023

4.05%
1,298,937.50
1,298,937.50

94.02 3.93%
1,316,327.60
4,067.31

1.00%
17,390.10
Aaa / AA+
AA+

3.88 3.64
TOTAL US Treasury 57,800,000.00 2.24%
56,673,805.55
56,673,805.55 4.46%
55,811,846.25
212,884.89

42.30%
(861,959.30)
Aaa / AA+
AA+

1.79 1.70
TOTAL PORTFOLIO 134,432,647.36 2.92%
132,946,384.47
132,946,384.47 4.62%
131,724,539.28
732,785.29
100.00%
(1,221,845.19)
Aa1 / AA
AA+

2.01 1.78
TOTAL MARKET VALUE PLUS ACCRUALS 132,457,324.57
As of December 31, 2023
42 273
Holdings Report
Murrieta Liquidity - Account
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
Commercial Paper
62479LDC6 MUFG Bank Ltd Discount CP

5.640% Due 04/12/2024
2,000,000.00 09/13/2023

5.89%
1,933,886.67
1,933,886.67

96.69 5.89%
1,933,886.67
34,153.33

17.57%

0.00 P-1 / A-1
NR

0.28 0.27
89233GEM4 Toyota Motor Credit Discount CP

5.620% Due 05/21/2024
2,000,000.00 10/02/2023

5.87%
1,927,876.67
1,927,876.67

96.39 5.87%
1,927,876.67
28,100.00

17.47%

0.00 P-1 / A-1+
F-1

0.39 0.38
TOTAL Commercial Paper 4,000,000.00 5.88%
3,861,763.34
3,861,763.34 5.88%
3,861,763.34
62,253.33

35.04%

0.00 P-1 / A-1
F-1

0.34 0.33
Money Market Fund
31846V567 First American Govt Obligation MMKT Class-Z 255,264.98 Various

5.23%
255,264.98
255,264.98

1.00 5.23%
255,264.98

0.00 2.28%

0.00 Aaa / AAA
AAA

0.00 0.00
TOTAL Money Market Fund 255,264.98 5.23%
255,264.98
255,264.98 5.23%
255,264.98

0.00 2.28%

0.00 Aaa / AAA
AAA

0.00 0.00
Negotiable CD
21684XH82 Cooperative Rabobank UA Yankee CD

5.900% Due 09/06/2024
2,000,000.00 09/13/2023

5.90%
1,999,872.84
1,999,872.84
100.43

5.16%
2,008,630.00
38,022.22

18.28%
8,757.16
P-1 / A-1
F-1+

0.68 0.67
TOTAL Negotiable CD 2,000,000.00 5.90%
1,999,872.84
1,999,872.84 5.16%
2,008,630.00
38,022.22

18.28%
8,757.16
Aaa / AA
AAA

0.68 0.67
US Treasury
912797HY6 US Treasury Bill

5.313% Due 01/09/2024
2,500,000.00 09/13/2023

5.48%
2,456,835.94
2,456,835.94

98.27 5.48%
2,456,835.94
40,212.67

22.30%

0.00 P-1 / A-1+
F-1+

0.02 0.02
912797GQ4 US Treasury Bill

5.298% Due 03/07/2024
2,500,000.00 09/13/2023

5.51%
2,435,620.66
2,435,620.66

97.42 5.51%
2,435,620.66
40,099.13

22.11%

0.00 P-1 / A-1+
F-1+

0.18 0.18
TOTAL US Treasury 5,000,000.00 5.50%
4,892,456.60
4,892,456.60 5.50%
4,892,456.60
80,311.80

44.40%

0.00 Aaa / AAA
AAA

0.10 0.10
TOTAL PORTFOLIO 11,255,264.98 5.70%
11,009,357.76
11,009,357.76 5.56%
11,018,114.92
180,587.35
100.00%
8,757.16
Aaa / AAA
AAA

0.29 0.28
TOTAL MARKET VALUE PLUS ACCRUALS 11,198,702.27
As of December 31, 2023
43 274
SECTION |
Section 5 |
Transactions
44 275
Transaction Ledger
City of Murrieta - Account
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 10/16/2023 3133EPWK7 2,000,000.00 FFCB Note

4.5% Due: 09/22/2028

99.073 4.71% 1,981,460.00 6,000.00 1,987,460.00 0.00
Purchase 11/10/2023 3133EPZY4 2,000,000.00 FFCB Note
5% Due: 07/30/2026
100.374 4.85% 2,007,480.00 2,777.78 2,010,257.78 0.00
Purchase 11/10/2023 713448FW3 510,000.00 Pepsico Inc. Callable Note Cont 10/10/2026

5.125% Due: 11/10/2026

99.973 5.13% 509,862.30 0.00 509,862.30 0.00
Purchase 12/01/2023 3130AXU63 1,750,000.00 Federal Home Loan Banks Note

4.625% Due: 11/17/2026
100.253 4.53% 1,754,427.50 3,147.57 1,757,575.07 0.00
Purchase 12/08/2023 48125LRU8 575,000.00 JP Morgan Chase Bank Callable Note Cont 11/08/2026

5.11% Due: 12/08/2026
100.000 5.11% 575,000.00 0.00 575,000.00 0.00
Purchase 12/08/2023 48125LRU8 1,000,000.00 JP Morgan Chase Bank Callable Note Cont 11/08/2026

5.11% Due: 12/08/2026
100.146 5.06% 1,001,460.00 0.00 1,001,460.00 0.00
Purchase 12/13/2023 69371RS56 1,000,000.00 Paccar Financial Corp Note

5.05% Due: 08/10/2026
100.215 4.96% 1,002,150.00 17,254.17 1,019,404.17 0.00
Purchase 12/28/2023 912828YX2 1,750,000.00 US Treasury Note

1.75% Due: 12/31/2026

93.785 3.96% 1,641,240.23 15,062.84 1,656,303.07 0.00
Subtotal 10,585,000.00 10,473,080.03 44,242.36 10,517,322.39 0.00 TOTAL ACQUISITIONS 10,585,000.00 10,473,080.03 44,242.36 10,517,322.39 0.00

DISPOSITIONS
Sale 12/12/2023 91282CBA8 900,000.00 US Treasury Note

0.125% Due: 12/15/2023

99.980 2.51% 899,824.22 553.28 900,377.50 1,722.66
Subtotal 900,000.00 899,824.22 553.28 900,377.50 1,722.66 Maturity 10/16/2023 3137EAEY1 1,575,000.00 FHLMC Note

0.125% Due: 10/16/2023
100.000 1,575,000.00 0.00 1,575,000.00 5,874.75
September 30, 2023 through December 31, 2023
As of December 31, 2023
45 276
Transaction Ledger
City of Murrieta - Account
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
Maturity 11/01/2023 3133EHN25 2,000,000.00 FFCB Note

2.2% Due: 11/01/2023
100.000 2,000,000.00 0.00 2,000,000.00 -31,280.00
Maturity 11/24/2023 459058JM6 750,000.00 Intl. Bank Recon & Development Note

0.25% Due: 11/24/2023
100.000 750,000.00 0.00 750,000.00 1,612.50
Maturity 12/04/2023 3137EAFA2 1,465,000.00 FHLMC Note

0.25% Due: 12/04/2023
100.000 1,465,000.00 0.00 1,465,000.00 1,450.35
Maturity 12/15/2023 91282CBA8 1,100,000.00 US Treasury Note

0.125% Due: 12/15/2023
100.000 1,100,000.00 0.00 1,100,000.00 2,320.31
Subtotal 6,890,000.00 6,890,000.00 0.00 6,890,000.00 -20,022.09 TOTAL DISPOSITIONS 7,790,000.00 7,789,824.22 553.28 7,790,377.50 -18,299.43 September 30, 2023 through December 31, 2023
As of December 31, 2023
46 277
Transaction Ledger
Murrieta Liquidity - Account
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 10/03/2023 89233GEM4 2,000,000.00 Toyota Motor Credit Discount CP

5.62% Due: 05/21/2024

96.394 5.87% 1,927,876.67 0.00 1,927,876.67 0.00
Subtotal 2,000,000.00 1,927,876.67 0.00 1,927,876.67 0.00 TOTAL ACQUISITIONS 2,000,000.00 1,927,876.67 0.00 1,927,876.67 0.00 September 30, 2023 through December 31, 2023
As of December 31, 2023
47 278
Important Disclosures
2023 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.

Information contained herein is confidential. Prices are provided by ICE Data Services Inc (“IDS”), an independent pricing source. In the event IDS does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.

Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.

Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index.

Source ICE Data Indices, LLC ("ICE"), used with permission. ICE permits use of the ICE indices and related data on an "as is" basis; ICE, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE data, its affiliates or their respective third party providers guarantee the quality, adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an "as is" basis and licensee's use it at licensee's own risk. ICE data, its affiliates and their respective third party do not sponsor, endorse, or recommend chandler asset management, or any of its products or services.

This report is provided for informational purposes only and should not be construed as a 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 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.

Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody’s and Fitch respectively.

Your qualified custodian bank maintains control of all assets reflected in this statement and we urge you to compare this statement to the one you receive from your qualified custodian. Chandler does not have any authority to withdraw or deposit funds from/to the custodian account.

As of December 31, 2023
48 279
Benchmark Disclosures
ICE BofA 1-3 Yr US Treasury Index
The ICE BofA 1-3 Year US Treasury Index tracks the performance of US dollar-denominated sovereign debt publicly issued by the US government in its domestic market. Qualifying securities must have at least one year remaining term to final maturity and less than three years remaining term to final maturity, a fixed coupon schedule, and a minimum amount outstanding of $1 billion. Qualifying securities must have at least 18 months to final maturity at the time of issuance.

As of December 31, 2023
49 280
1/16/24, 7:26 AM Untitled Page
https://laif.sco.ca.gov/Result.aspx 1/1
MALIA M. COHEN
California State Controller

LOCAL AGENCY INVESTMENT FUND

REMITTANCE ADVICE
Agency Name MURRIETA
Account Number
As of 01/12/2024, your Local Agency Investment Fund account has been directly credited with the interest earned on your deposits for the quarter ending 12/31/2023.

Earnings Ratio .00010932476863589
Interest Rate 4.00%
Dollar Day Total $ 293,096,882.44
Quarter End Principal Balance $ 1,858,448.83
Quarterly Interest Earned $ 32,042.75
281

STAGECOACH SWEEP
WELLS FARGO BANK, N.A.

THIS STATEMENT COVERS 10/01/2023 THROUGH 10/31/2023

FUNDS HELD ON COMPANY'S BEHALF IN THE OMNIBUS DEPOSIT ACCOUNT AT BANK ARE

DEPOSITS AND ARE ELIGIBLE FOR FDIC INSURANCE IN ACCORDANCE WITH FDIC RULES AND LIMITS. COMPANY'S MMMF SHARES HELD IN THE OMNIBUS INVESTMENT ACCOUNT IN BANK'S

NAME AT THE CUSTODIAN OF THE MMMF ARE NOT DEPOSITS AND ARE NOT ELIGIBLE FOR FDIC INSURANCE. COMPANY IS THE OWNER OF ITS MMMF SHARES.

ALLSPRING GOVERNMENT FUND SELECT CLS
Transaction Detail
Daily Balance Information
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 10-01* 69,925,081.02 5.271 % .000144417 10,098.37
10-02 70,270,791.84 5.254 % .000143953 10,115.69
10-03 71,057,634.57 5.255 % .000143995 10,231.94

CITY OF MURRIETA

GENERAL OPERATING ACCOUNT
1 TOWN SQ
MURRIETA CA 92562-7922
Account Number - DDA
10-01-2023 Beginning Balance 69,925,081.02
10-02-2023 Next Day Sweep Purchase 345,710.82
10-03-2023 Next Day Sweep Purchase 786,842.73
10-04-2023 Sweep Funds Return To DDA 49,671.16
10-05-2023 Sweep Funds Return To DDA 1,275,292.40
10-06-2023 Next Day Sweep Purchase 145,201.03
10-10-2023 Next Day Sweep Purchase 24,398,854.46
10-11-2023 Sweep Funds Return To DDA 2,189,291.69
10-12-2023 Sweep Funds Return To DDA 500,882.66
10-13-2023 Sweep Funds Return To DDA 548,053.64
10-16-2023 Sweep Funds Return To DDA 78,075.54
10-17-2023 Sweep Funds Return To DDA 305,985.58
10-18-2023 Sweep Funds Return To DDA 2,431,460.93
10-19-2023 Sweep Funds Return To DDA 85,079.96
10-20-2023 Sweep Funds Return To DDA 8,615.32
10-23-2023 Sweep Funds Return To DDA 202,503.51
10-24-2023 Sweep Funds Return To DDA 290,656.75
10-25-2023 Next Day Sweep Purchase 3,716,456.71
10-26-2023 Sweep Funds Return To DDA 59,280.85
10-27-2023 Sweep Funds Return To DDA 17,052.90
10-30-2023 Next Day Sweep Purchase 1,484,236.93
10-31-2023 Sweep Funds Return To DDA 681,854.27
10-31-2023 Ending Balance 92,078,626.54

FUND SUMMARY
Dividends Earned YTD 3,672,549.39
Federal Withholding YTD .00
7-Day Simple Yield 5.28297 %
Federal Withholding .00
Beginning Balance 69,925,081.02
Shares Purchased 30,877,302.68 +
Shares Redeemed 8,723,757.16 -
Ending Balance 92,078,626.54
Prior Month Dividends Paid to Checking 336,254.99
Dividends Earned in Current Month 379,346.53
Funds Pending Redemption 509,620.69-
282

STAGECOACH SWEEP
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 10-04 71,007,963.41 5.280 % .000144683 10,273.65
10-05 69,732,671.01 5.253 % .000143922 10,036.07
10-06 69,877,872.04 5.291 % .000144979 10,130.82
10-07* 69,877,872.04 5.291 % .000144979 10,130.82
10-08* 69,877,872.04 5.291 % .000144979 10,130.82
10-09* 69,877,872.04 5.291 % .000144979 10,130.82
10-10 94,276,726.50 5.262 % .000144188 13,593.57
10-11 92,087,434.81 5.270 % .000144400 13,297.43
10-12 91,586,552.15 5.270 % .000144392 13,224.37
10-13 91,038,498.51 5.314 % .000145611 13,256.21
10-14* 90,960,422.97 5.314 % .000145611 13,244.84
10-15* 90,960,422.97 5.314 % .000145611 13,244.84
10-16 90,960,422.97 5.251 % .000143866 13,086.11
10-17 90,654,437.39 5.305 % .000145358 13,177.35
10-18 88,222,976.46 5.274 % .000144501 12,748.31
10-19 88,137,896.50 5.284 % .000144790 12,761.49
10-20 88,129,281.18 5.278 % .000144618 12,745.08
10-21* 87,926,777.67 5.278 % .000144618 12,715.79
10-22* 87,926,777.67 5.278 % .000144618 12,715.79
10-23 87,926,777.67 5.271 % .000144432 12,699.44
10-24 87,636,120.92 5.281 % .000144706 12,681.47
10-25 91,352,577.63 5.291 % .000144986 13,244.84
10-26 91,293,296.78 5.281 % .000144710 13,211.05
10-27 91,276,243.88 5.285 % .000144804 13,217.17
10-28* 91,276,243.88 5.285 % .000144804 13,217.17
10-29* 91,276,243.88 5.285 % .000144804 13,217.17
10-30 92,760,480.81 5.286 % .000144832 13,434.69
10-31 92,078,626.54 5.285 % .000144804 13,333.35
TOTAL MTD 379,346.53
* Indicates non-business day
THANK YOU FOR BANKING WITH WELLS FARGO.

MONEY MARKET MUTUAL FUNDS (EACH, A "MMMF") ARE NOT FDIC INSURED, HAVE NO BANK GUARANTY AND MAY LOSE VALUE.

An Investment in a MMMF is not insured by the Federal Deposit Insurance Corporation or any other government agency. Although the MMMF's seek to preserve the value of customer's investment at $1.00 per share, it is possible to lose money by investing in a MMMF.

Allspring Funds Management, LLC, a wholly owned subsidiary of Allspring Global Investments Holdings, LLC ("Allspring Global"), provides investment advisory and administrative services for the Allspring Funds?. Other subsidiaries of Allspring Global provide sub-advisory and other services for the funds. The funds are distributed by Allspring Funds Distributor, LLC, Member FINRA/SIPC, a subsidiary of Allspring Global.

This material must be accompanied or preceded by a current prospectus for name of the Fund(s) selected. Please read the prospectus carefully before investing.
10/01/2023 - 10/31/2023

Account Number - DDA
283

STAGECOACH SWEEP
WELLS FARGO BANK, N.A.

THIS STATEMENT COVERS 11/01/2023 THROUGH 11/30/2023

FUNDS HELD ON COMPANY'S BEHALF IN THE OMNIBUS DEPOSIT ACCOUNT AT BANK ARE

DEPOSITS AND ARE ELIGIBLE FOR FDIC INSURANCE IN ACCORDANCE WITH FDIC RULES AND LIMITS. COMPANY'S MMMF SHARES HELD IN THE OMNIBUS INVESTMENT ACCOUNT IN BANK'S

NAME AT THE CUSTODIAN OF THE MMMF ARE NOT DEPOSITS AND ARE NOT ELIGIBLE FOR FDIC INSURANCE. COMPANY IS THE OWNER OF ITS MMMF SHARES.

ALLSPRING GOVERNMENT FUND SELECT CLS
Transaction Detail
Date Description Amount
11-01-2023 Beginning Balance 92,078,626.54
11-01-2023 Sweep Funds Return To DDA 509,620.69
11-02-2023 Next Day Sweep Purchase 335,131.09
11-03-2023 Sweep Funds Return To DDA 22,029.98
11-06-2023 Sweep Funds Return To DDA 94,790.74
11-07-2023 Next Day Sweep Purchase 79,890.90
11-08-2023 Sweep Funds Return To DDA 121,025.93
11-09-2023 Sweep Funds Return To DDA 551,163.11
11-10-2023 Sweep Funds Return To DDA 167,642.62
11-13-2023 Next Day Sweep Purchase 426,854.34
11-14-2023 Sweep Funds Return To DDA 339,841.54
11-15-2023 Sweep Funds Return To DDA 2,197,353.92
11-16-2023 Sweep Funds Return To DDA 252,588.07
11-17-2023 Sweep Funds Return To DDA 361,251.54
11-20-2023 Sweep Funds Return To DDA 502,758.28
11-21-2023 Next Day Sweep Purchase 581,987.46
11-22-2023 Sweep Funds Return To DDA 581,082.89
11-24-2023 Next Day Sweep Purchase 240,137.51
11-27-2023 Next Day Sweep Purchase 459,327.34
11-28-2023 Next Day Sweep Purchase 5,306,325.19
11-29-2023 Sweep Funds Return To DDA 1,907,717.72
11-30-2023 Sweep Funds Return To DDA 548,713.43
11-30-2023 Ending Balance 91,350,699.91
Daily Balance Information
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 11-01 91,569,005.85 5.271 % .000144418 13,224.21
11-02 91,904,136.94 5.276 % .000144564 13,286.03
11-03 91,882,106.96 5.279 % .000144644 13,290.20

CITY OF MURRIETA

GENERAL OPERATING ACCOUNT
1 TOWN SQ
MURRIETA CA 92562-7922
Account Number - DDA

FUND SUMMARY
Dividends Earned YTD 4,064,223.76
Federal Withholding YTD .00
7-Day Simple Yield 5.29064 %
Federal Withholding .00
Beginning Balance 92,078,626.54
Shares Purchased 7,429,653.83 +
Shares Redeemed 8,157,580.46 -
Ending Balance 91,350,699.91
Prior Month Dividends Paid to Checking 379,346.53
Dividends Earned in Current Month 391,674.37
Funds Pending Redemption 101,943.61-
284

STAGECOACH SWEEP
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 11-04* 91,787,316.22 5.279 % .000144644 13,276.48
11-05* 91,787,316.22 5.279 % .000144644 13,276.48
11-06 91,787,316.22 5.279 % .000144636 13,275.75
11-07 91,867,207.12 5.279 % .000144640 13,287.67
11-08 91,746,181.19 5.285 % .000144802 13,285.03
11-09 91,195,018.08 5.280 % .000144679 13,194.00
11-10 91,027,375.46 5.283 % .000144746 13,175.85
11-11* 91,027,375.46 5.283 % .000144746 13,175.85
11-12* 91,027,375.46 5.283 % .000144746 13,175.85
11-13 91,454,229.80 5.285 % .000144813 13,243.76
11-14 91,114,388.26 5.286 % .000144832 13,196.28
11-15 88,917,034.34 5.287 % .000144854 12,879.99
11-16 88,664,446.27 5.287 % .000144871 12,844.91
11-17 88,303,194.73 5.298 % .000145163 12,818.36
11-18* 87,800,436.45 5.298 % .000145163 12,745.37
11-19* 87,800,436.45 5.298 % .000145163 12,745.37
11-20 87,800,436.45 5.290 % .000144940 12,725.80
11-21 88,382,423.91 5.287 % .000144867 12,803.70
11-22 87,801,341.02 5.288 % .000144890 12,721.54
11-23* 87,801,341.02 5.288 % .000144890 12,721.54
11-24 88,041,478.53 5.291 % .000144975 12,763.81
11-25* 88,041,478.53 5.291 % .000144975 12,763.81
11-26* 88,041,478.53 5.291 % .000144975 12,763.81
11-27 88,500,805.87 5.294 % .000145058 12,837.75
11-28 93,807,131.06 5.291 % .000144968 13,599.03
11-29 91,899,413.34 5.294 % .000145042 13,329.27
11-30 91,350,699.91 5.292 % .000145011 13,246.86
TOTAL MTD 391,674.36
* Indicates non-business day
THANK YOU FOR BANKING WITH WELLS FARGO.

MONEY MARKET MUTUAL FUNDS (EACH, A "MMMF") ARE NOT FDIC INSURED, HAVE NO BANK GUARANTY AND MAY LOSE VALUE.

An Investment in a MMMF is not insured by the Federal Deposit Insurance Corporation or any other government agency. Although the MMMF's seek to preserve the value of customer's investment at $1.00 per share, it is possible to lose money by investing in a MMMF.

Allspring Funds Management, LLC, a wholly owned subsidiary of Allspring Global Investments Holdings, LLC ("Allspring Global"), provides investment advisory and administrative services for the Allspring Funds?. Other subsidiaries of Allspring Global provide sub-advisory and other services for the funds. The funds are distributed by Allspring Funds Distributor, LLC, Member FINRA/SIPC, a subsidiary of Allspring Global.

This material must be accompanied or preceded by a current prospectus for name of the Fund(s) selected. Please read the prospectus carefully before investing.
11/01/2023 - 11/30/2023

Account Number - DDA
285

STAGECOACH SWEEP
WELLS FARGO BANK, N.A.

THIS STATEMENT COVERS 12/01/2023 THROUGH 12/31/2023
Transaction Detail
Date Description Amount
12-01-2023 Beginning Balance 91,350,699.91
12-01-2023 Sweep Funds Return To DDA 101,943.61
12-04-2023 Next Day Sweep Purchase 95,552.52
12-05-2023 Next Day Sweep Purchase 332,097.03
12-06-2023 Sweep Funds Return To DDA 732,084.22
12-07-2023 Sweep Funds Return To DDA 4,713.45
12-08-2023 Sweep Funds Return To DDA 30,037.22
12-11-2023 Next Day Sweep Purchase 7,845,394.89
12-12-2023 Sweep Funds Return To DDA 268,488.72
12-13-2023 Sweep Funds Return To DDA 518,364.36
12-14-2023 Sweep Funds Return To DDA 2,245,057.51
12-15-2023 Sweep Funds Return To DDA 868,141.99
12-18-2023 Sweep Funds Return To DDA 794,776.79
12-19-2023 Next Day Sweep Purchase 384,555.26
12-20-2023 Sweep Funds Return To DDA 521,374.82
12-21-2023 Sweep Funds Return To DDA 12,199.64
12-22-2023 Sweep Funds Return To DDA 890,136.11
12-26-2023 Next Day Sweep Purchase 209,729.88
12-27-2023 Next Day Sweep Purchase 2,293,559.93
12-28-2023 Sweep Funds Return To DDA 215,488.96
12-29-2023 Sweep Funds Return To DDA 77,628.32
12-31-2023 Ending Balance 95,231,153.70
Daily Balance Information
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 12-01 91,248,756.30 5.278 % .000144614 13,195.85
12-02* 91,248,756.30 5.278 % .000144614 13,195.85
12-03* 91,248,756.30 5.278 % .000144614 13,195.85
12-04 91,344,308.82 5.283 % .000144760 13,223.00
12-05 91,676,405.85 5.328 % .000145992 13,384.02
12-06 90,944,321.63 5.277 % .000144587 13,149.37
12-07 90,939,608.18 5.275 % .000144521 13,142.68

CITY OF MURRIETA

GENERAL OPERATING ACCOUNT
1 TOWN SQ
MURRIETA CA 92562-7922
Account Number - DDA

FUND SUMMARY
Dividends Earned YTD 4,484,249.57
Federal Withholding YTD .00
7-Day Simple Yield 5.28578 %
Federal Withholding .00
Beginning Balance 91,350,699.91
Shares Purchased 11,160,889.51 +
Shares Redeemed 7,280,435.72 -
Ending Balance 95,231,153.70
Prior Month Dividends Paid to Checking 391,674.37
Dividends Earned in Current Month 420,025.81
Funds Pending Redemption 535,810.20-
286

STAGECOACH SWEEP
Date Investment Balance Annualized Fund Yield Daily Dividend Factor Daily Accrual 12-08 90,909,570.96 5.275 % .000144522 13,138.43
12-09* 90,909,570.96 5.275 % .000144522 13,138.43
12-10* 90,909,570.96 5.275 % .000144522 13,138.43
12-11 98,754,965.85 5.268 % .000144329 14,253.21
12-12 98,486,477.13 5.279 % .000144651 14,246.17
12-13 97,968,112.77 5.274 % .000144499 14,156.29
12-14 95,723,055.26 5.296 % .000145119 13,891.23
12-15 94,854,913.27 5.280 % .000144669 13,722.57
12-16* 94,060,136.48 5.280 % .000144669 13,607.59
12-17* 94,060,136.48 5.280 % .000144669 13,607.59
12-18 94,060,136.48 5.281 % .000144689 13,609.47
12-19 94,444,691.74 5.281 % .000144688 13,665.01
12-20 93,923,316.92 5.282 % .000144728 13,593.33
12-21 93,911,117.28 5.281 % .000144700 13,588.94
12-22 93,020,981.17 5.283 % .000144748 13,464.60
12-23* 93,020,981.17 5.283 % .000144748 13,464.60
12-24* 93,020,981.17 5.283 % .000144748 13,464.60
12-25* 93,020,981.17 5.283 % .000144748 13,464.60
12-26 93,230,711.05 5.270 % .000144400 13,462.51
12-27 95,524,270.98 5.280 % .000144680 13,820.45
12-28 95,308,782.02 5.304 % .000145330 13,851.23
12-29 95,231,153.70 5.282 % .000144718 13,781.66
12-30* 94,695,343.50 5.282 % .000144718 13,704.12
12-31* 94,695,343.50 5.282 % .000144718 13,704.12
TOTAL MTD 420,025.80
* Indicates non-business day
THANK YOU FOR BANKING WITH WELLS FARGO.

MONEY MARKET MUTUAL FUNDS (EACH, A "MMMF") ARE NOT FDIC INSURED, HAVE NO BANK GUARANTY AND MAY LOSE VALUE.

An Investment in a MMMF is not insured by the Federal Deposit Insurance Corporation or any other government agency. Although the MMMF's seek to preserve the value of customer's investment at $1.00 per share, it is possible to lose money by investing in a MMMF.

Allspring Funds Management, LLC, a wholly owned subsidiary of Allspring Global Investments Holdings, LLC ("Allspring Global"), provides investment advisory and administrative services for the Allspring Funds?. Other subsidiaries of Allspring Global provide sub-advisory and other services for the funds. The funds are distributed by Allspring Funds Distributor, LLC, Member FINRA/SIPC, a subsidiary of Allspring Global.

This material must be accompanied or preceded by a current prospectus for name of the Fund(s) selected. Please read the prospectus carefully before investing.
12/01/2023 - 12/31/2023

Account Number - DDA
287
US Agency 19.10%
Corporate Bonds 22.70%
Treasury Bonds 42.50%
Collateralized Mortgage
Obligation 5.70%
Supranational 1.40%
Cash 0.20%
ABS 4.30%
Commercial Paper 2.70%
Negotiable CD 1.40%
Asset Allocation by Sector
as of December 31, 2023
US Agency
Corporate Bonds
Treasury Bonds
Collateralized Mortgage Obligation
Supranational
Cash
ABS
Commercial Paper
Negotiable CD
288

CITY OF MURRIETA
City Council Meeting Agenda
Report
2/6/2024
Agenda Item No. 6.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Tony Conrad, Chief of Police
PREPARED BY: Jeremy Durrant, Lieutenant - Police
SUBJECT: Assembly Bill 481 - Military Equipment Policy

RECOMMENDATION
Receive, review and file the annual military equipment report; and Approve the renewal of Ordinance No. 577-22 and adopt the findings therein.

PRIOR ACTION/VOTE
On April 19, 2022, the City Council received a presentation on Assembly Bill 481 (Non-Action Item).

On May 3, 2022, the City Council continued the item to the May 17, 2022, City Council Meeting (Vote: 3-0-2).

On May 17, 2022, the City Council held a public hearing and approved the introduction of Ordinance No. 577- 22 (Vote: 5-0).

On June 7, 2022, the City Council conducted a second reading of Ordinance No. 577-22 by title only and with further reading waived (Vote: 5-0).

On May 16, 2023, the City Council approved the military equipment report and renewed Ordinance 577-22 (Vote: 5-0).

CITY COUNCIL GOAL
Provide a high level of innovative public safety.

BACKGROUND
On September 30, 2021, the Governor of the State of California approved Assembly Bill 481 (AB 481), requiring law enforcement agencies to obtain approval of the applicable governing body by adopting a military equipment use policy. The Police Department sought and obtained City Council approval of their military equipment use policy on June 7, 2022, and thereafter renewed Ordinance No. 577-22 on May 16, 2023.

AB481 further provides that the adopted policy is subject to an annual City Council review to determine whether, based on an annual military equipment report, the standards set forth in the approving ordinance CITY OF MURRIETA Printed on 2/1/2024Page 1 of 2
powered by Legistar™
289
2/6/2024
Agenda Item No. 6.
whether, based on an annual military equipment report, the standards set forth in the approving ordinance have been met. The City Council may renew the authorizing ordinance, disapprove authorization for particular military equipment where standards have not been met, or require modifications to the military equipment use procedure to address any non-compliance with standards.

Finally, the bill requires the publication of the military equipment use procedure and the annual military equipment report on the Police Department’swebsite. The military equipment use procedure must be posted on the website at least 30 days prior to the Council meeting. This use procedure was uploaded to the Murrieta Police Department’s website on April 1, 2022, for public review and is attached hereto.

The City Council may take action to renew the existing use policy and renew the current Ordinance, propose modifications to the existing policy, or not take action to renew the existing policy and thereby cease the use and purchase of all military equipment by the Police Department.

FISCAL IMPACT
There is no fiscal impact associated with the recommended action.

ATTACHMENTS

1. Murrieta Annual AB 481 Report - 2023

2. Ordinance No. 577-22

3. Murrieta Police Department Policy 709
CITY OF MURRIETA Printed on 2/1/2024Page 2 of 2
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AB 481 Annual Report - 2023 Page 1 of 64

MURRIETA POLICE DEPARTMENT

Annual Military Equipment Report - 2023
Assembly Bill 481
(California Government Code § 7072; Murrieta Ordinance No. 577-22)

291
AB 481 Annual Report - 2023 Page 2 of 64

TABLE OF CONTENTS

Definitions 3
Preface 5
Executive Summary 6
Reporting Requirements 8
Summary of Military Equipment 9
Command and Control Vehicles 10
Armored Vehicles 12
Unmanned Aerial Systems (UAS) 14
Robots 18
Rifles 21
Bolt-Action Rifles 24
Breaching Tools 27
Projectile Launchers 30
Ammunition 35
Diversionary Devices 45
Chemical Agents 49

Appendix A - Military Equipment Deployment 53
Appendix B - Military Equipment Quantities 55
Appendix C - Fiscal Impact 58
Appendix D - Allied Agency / Mutual Aid Military Equipment 61 292
AB 481 Annual Report - 2023 Page 3 of 64

DEFINITIONS
Pursuant to AB 481, the following definitions are applicable only to the department’s current military equipment inventory and potential future military equipment acquisitions for operational needs. (For a more detailed list, refer to Government Code section 7070, for “military equipment” as defined within the Assembly Bill.) “Governing body” means the Murrieta City Council and Mayor. “Military equipment” means the following:

1. Unmanned, remotely piloted, powered aerial or ground vehicles.

2. Armored personnel carriers.

3. Command and control vehicles that are either built or modified to facilitate the operational control and direction of public safety units.

4. Battering rams, slugs, and breaching apparatuses that are explosive in nature.

However, items designed to remove a lock, such as bolt cutters, or a handheld ram designed to be operated by one person, are specifically excluded from this definition.

5. Specialized firearms and ammunition of less than .50 caliber, including assault weapons as defined in Sections 30510 and 30515 of the Penal Code, with the exception of standard issue service weapons and ammunition of less than .50 caliber that are issued to sworn members.

6. “Flashbang” grenades and explosive breaching tools, “tear gas,” and “pepper balls,” excluding standard, service-issued handheld pepper spray.

7. The following projectile launch platforms and their associated munitions: 40mm projectile launchers, “bean bag”, rubber bullet, and specialty impact munition (SIM) weapons.

8. “Military equipment” does not include general equipment not designated as prohibited or controlled by the Federal Defense Logistics Agency. “Military equipment use policy” refers to Murrieta Police Department Policy 709 which requires a publicly released, written document governing the use of military equipment by the department that addresses, at a minimum, all of the following:

1. A description of each type of military equipment, the quantity sought, its capabilities, expected lifespan, and product descriptions from the manufacturer of the military equipment.

2. The purposes and authorized uses for which the department proposes to use each type of military equipment.
293
AB 481 Annual Report - 2023 Page 4 of 64

3. The fiscal impact of each type of military equipment, including the initial costs of obtaining the equipment and estimated annual costs of maintaining the equipment.

4. The legal and procedural rules that govern each authorized use.

5. The training, including any course required by the Commission on Peace Officer Standards and Training, that must be completed before any sworn member is allowed to use each specific type of military equipment to ensure the full protection of the public’s welfare, safety, civil rights, and civil liberties and full adherence to the military equipment use policy.

6. The mechanisms to ensure compliance with the military equipment use policy, including which independent persons or entities have oversight authority, and, if applicable, what legally enforceable sanctions are put in place for violations of the policy.

7. The procedures by which members of the public may register complaints or concerns or submit questions about the use of each specific type of military equipment, and how the department will ensure that each complaint, concern, or question receives a response in a timely manner.

294
AB 481 Annual Report - 2023 Page 5 of 64

PREFACE
The Murrieta Police Department retains and utilizes a wide variety of equipment which falls under the definition of AB 481. This equipment is used to assist the Murrieta Police Department in its ultimate mission which is the preservation of life.

The Murrieta Police Department recognizes critical incidents are unpredictable and dynamic in nature. The retention of this equipment alone does not warrant its use for every incident. The equipment listed in this report assists with the safe and swift resolution of these incidents.

Policy and procedure dictate when the equipment may be deployed in the field, how it may be used, and which officers are authorized to use it. However not all situations can be predicted. The need for the incident commander, on scene supervisor, or officers to deploy and utilize the equipment in a manner not outlined within policy or procedure may be necessary for the preservation of life in a rapidly evolving incident.

Further, incident commanders, supervisors, officers, and specific specialized units can authorize use of equipment for each specific incident based on the totality of the circumstances.

295
AB 481 Annual Report - 2023 Page 6 of 64

EXECUTIVE SUMMARY
On September 30, 2021, the Governor of the State of California approved AB 481 requiring law enforcement agencies to obtain approval of the applicable governing body by adoption of a military equipment use policy. The department is required to seek City Council approval of their military equipment use procedure by ordinance at a regular open meeting prior to taking certain actions relating to the funding, acquisition, or use of military equipment, as defined.

The bill allows the governing body to approve the funding, acquisition, or use of military equipment within its jurisdiction only if it determines that the military equipment meets specified standards. The ordinance is subject to an annual City Council review to determine whether, based on an annual military equipment report, the standards set forth in the approving ordinance have been met. The City Council may renew the authorizing ordinance, disapprove authorization for particular military equipment where standards have not been met, or require modifications to the military equipment use procedure to address any non-compliance with standards.

Finally, the bill requires publication of the military equipment use procedure and the annual military equipment report on the department’s website. The military equipment use procedure was posted on April 1, 2022, for public review.

Military equipment use was recorded by the Murrieta Police Department for this report from January 1, 2023, to December 31, 2023, contemporaneous and in compliance with the timelines associated with the passage of the AB 481 and corresponding City ordinance 577-22.

Summary of Use and Purpose of Use per Government Code § 7072(a)(1):

The military equipment listed in the table below was deployed operationally during the reporting period. On occasion, multiple pieces of military equipment can be deployed on the same incident. An example was the arrest of an armed barricaded suspect on November 6, 2023, that utilized four pieces of equipment: a command and control vehicle, an armored vehicle, diversionary devices, and chemical agents.

Military equipment was deployed on 44 incidents during the reporting period. During that time, the department responded to 66,956 calls for service per the department’s Records Management System. Military equipment was deployed operationally on approximately 0.06% of incidents the police department responded to.

296
AB 481 Annual Report - 2023 Page 7 of 64

EQUIPMENT TYPE NUMBER OF DEPLOYMENTS
Command and Control Vehicles 1
Armored Vehicles 1
Unmanned Aerial Systems 43
Diversionary Devices 1
Chemical Agents 1

Summary of Complaints per Government Code § 7072(a)(2):

The department received no complaints regarding the use of military equipment during this reporting period.

Summary of Internal Audits or Policy Violations per Government Code § 7072(a)(3):

No policy violations were noted related to military equipment deployment internally or by citizen complaint.

Summary of Annual Cost of Military Equipment per Government Code § 7072(a)(4):

Refer to Appendix C
Quantity Possessed per Government Code § 7072(a)(5):

Refer to Appendix B
New Equipment Acquisition per Government Code § 7072(a)(6):

The department will seek to purchase the following during the calendar year 2024:
• (04 ) Unmanned Aerial Systems
• (05) Rifles
• (01) Bolt-Action Rifle
• (10) Diversionary Devices
• (2 0) Projectile Launchers
• Ammunition

297
AB 481 Annual Report - 2023 Page 8 of 64

REPORTING REQUIREMENTS
Government Code § 7072 states the following:
(a) A law enforcement agency that receives approval for a military equipment use policy pursuant to Section 7071 shall submit to the governing body an annual military equipment report for each type of military equipment approved by the governing body within one year of approval, and annually thereafter for as long as the military equipment is available for use. The law enforcement agency shall also make each annual military equipment report required by this section publicly available on its internet website for as long as the military equipment is available for use. The annual military equipment report shall, at a minimum, include the following information for the immediately preceding calendar year for each type of military equipment:
(1) A summary of how the military equipment was used and the purpose of its use.
(2) A summary of any complaints or concerns received concerning the military equipment.
(3) The results of any internal audits, any information about violations of the military equipment use policy, and any actions taken in response. (4) The total annual cost for each type of military equipment, including acquisition, personnel, training, transportation, maintenance, storage, upgrade, and other ongoing costs, and from what source funds will be provided for the military equipment in the calendar year following submission of the annual military equipment report.
(5) The quantity possessed for each type of military equipment. (6) If the law enforcement agency intends to acquire additional military equipment in the next year, the quantity sought for each type of military equipment.
(b) Within 30 days of submitting and publicly releasing an annual military equipment report pursuant to this section, the law enforcement agency shall hold at least one well-publicized and conveniently located community engagement meeting, at which the general public may discuss and ask questions regarding the annual military equipment report and the law enforcement agency’s funding, acquisition, or use of military equipment.

In addition to maintaining the highest levels of public safety, the Murrieta Police Department is committed to transparency, public trust, community partnerships, and compliance with the law. As such, the department has authored the following 2023 Annual Military Equipment Report in accordance with annual reporting requirements set forth in AB 481 and Government Code 7072.
298
AB 481 Annual Report - 2023 Page 9 of 64

SUMMARY OF MILITARY EQUIPMENT
The inventory of military equipment, particularly consumable material (ammunition, diversionary devices, less lethal impact munitions, etc.) fluctuates regularly. This is based on a variety of factors including, but not limited to, operational usage, operational deterioration, training, maintenance, and expiration and replenishment guidelines. The Murrieta Police Department is committed to transparency in disclosing its military equipment inventory and related information to our community and elected officials in compliance with the law. The department strives to provide the most accurate military equipment inventory and information at the time of this report’s publication.

The following are the various types, descriptions, and guidelines for usage of military equipment currently employed by the Murrieta Police Department: (*NOTE: The manufacturer descriptions and source photos contained within are referenced via publicly accessible website source citations. The website source citations utilized in this report are for military equipment descriptive purposes only and are not an endorsement by the Murrieta Police Department of a particular product or vendor.)

299
AB 481 Annual Report - 2023 Page 10 of 64

COMMAND AND CONTROL VEHICLES

Description: Self-contained command posts designed to provide the Incident Commander with a mobile base of operation.

Capability: As a mobile base of operation, these vehicles contain specialized command, control, and communications equipment to assist with a variety of missions.

Usage: Command and control vehicles are to be utilized as an Incident Command Post for planned or unplanned events, natural disasters, and for SWAT/CNT.

Training Requirements: The driver/operator shall receive training in the safe handling of the vehicle on a closed training course. Once the operator has shown competence in vehicle handling, the driver/operator will drive the vehicle throughout the city with an experienced driver. Operators will possess at a minimum, a basic class C driver’s license.

Fiscal Impact: See Appendix C
Lifespan: No lifespan indicated by the manufacturer. Dependent on operational usage and wear.

The following page(s) detail the command and control vehicle(s) currently owned by the department.

300
AB 481 Annual Report - 2023 Page 11 of 64
1996 Freightliner Motorhome
Manufacturer: Freightliner
Manufacturer Description: No description available. (Custom build)

301
AB 481 Annual Report - 2023 Page 12 of 64

ARMORED VEHICLES

Description: A 4x4, wheeled, armored personnel carrier capable of providing high ballistic protection, cover, limited breaching capability, and transport of officers and/or civilians at critical incidents and high-risk tactical operations.

Capability: Armored vehicles can support first responders in any hazardous, high risk, or critical incident which would benefit from having a vehicle that provides a high level of ballistic protection.

Usage: To be used in response to critical incidents to enhance officer and community safety, improve scene containment and stabilization and assist in resolving critical incidents.

Training Requirements: The use of the armored vehicle is authorized for officers during critical incidents, based on the circumstances of each individual incident. All sworn officers have access to the armored vehicle. Armored vehicles shall be used only by officers trained in their deployment and in a manner consistent with department policy and training. Use is established under Murrieta Police Department Police 706.6. It is the policy of the Murrieta Police Department to utilize armored vehicles only for law enforcement purposes, and pursuant to state and federal law.

Fiscal Impact: See Appendix C
Lifespan: Approximately 20 years, depending on operational usage and wear.

The following page(s) detail the armored vehicle(s) currently owned by the department.

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2016 Lenco BearCat G3
Manufacturer: Lenco
Manufacturer Description: The BearCat G3 provides Lenco’s proven armor system in a ruggedized off-road platform. The G3 utilizes the same body design, interior features and tactical options as the G2, but it comes standard with a heavier duty upgraded suspension and off-road tires, rims & run flats to provide enhanced off-road performance. The increased ground clearance and robust suspension allows for emergency response in rural regions and natural disaster scenarios where standard armored SWAT vehicles would experience challenges. If your mission takes you off- road, the Lenco BearCat G3 will get you where you need to go. Available with mission- specific design features for Police and Government, Medical and Fire Response.

(Description source: https://www.lencoarmor.com)

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UNMANNED AERIAL SYSTEMS (UAS)

Description: An unmanned aircraft of any type that is capable of sustaining directed flight, whether pre-programmed or remotely controlled, and all the supporting or attached systems designed for gathering information through imaging, recording or by any other means.

Capability: UAS can support first responders in any hazardous incident which would benefit from an aerial perspective. These uses could include search and rescue, barricaded suspects or high-risk tactical operations, disaster response, and video and photographic documentation of crime scenes.

Usage: The guidelines for the use of UAS are outlined in Murrieta Police Department Policy 615 and FAA Regulation 14 CFR Part 107. It is the policy of the Murrieta Police Department to utilize UAS only for law enforcement purposes and in a manner that respects the privacy of our community pursuant to state and federal law.

Training Requirements: All department UAV operators are licensed by the Federal Aviation Administration for UAS operation. In addition, each operator attends a 48-hour POST certified training course along with ongoing monthly department training.

Fiscal Impact: See Appendix C
Lifespan: Approximately five (5) years.

The following page(s) detail the unmanned aerial system(s) currently owned by the department.

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DJI Mavic Mini 2
Manufacturer: DJI
Manufacturer Description: Mavic Mini takes power and portability to the next level, offering advanced features in a compact form factor. Intelligent shooting functions and excellent image quality put aerial masterpieces within reach. Safer, smarter flight enables you to up your game while fully enjoying the creative process.

(Description and photo source: https://www.dji.com)

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DJI Mavic 3T Enterprise
Manufacturer: DJI
Manufacturer Description: The Mavic 3 Enterprise Series redefines industry standards for small commercial drones. With a mechanical shutter, a 56× zoom camera, and an RTK module for centimeter-level precision, the Mavic 3E brings mapping and mission efficiency to new heights. A thermal version is available for firefighting, search and rescue, inspection, and night operations.

(Description and photo source: https://www.dji.com)

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Autel Robotics EVO Max 4T
Manufacturer: Autel Robotics
Manufacturer Description: The EVO Max series brings you advanced autonomy. It assesses complex environments to create real-time 3D flight paths for unparalleled obstacle avoidance. Advanced sensors make flight in GPS unavailable areas possible, and the incredible thermal and starlight cameras unlock new object identification and tracking scenarios. With a foldable, weather-resistant design, the series is as portable as it is capable.

(Description and photo source: https://www.autelrobotics.com)

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ROBOTS

Description: An unmanned robot of any type that is capable of being remotely controlled as well as all the supporting or attached systems designed for gathering information through imaging, recording or by any other means.

Capability: Robots can support first responders in any hazardous incident which would benefit from a ground level perspective. These uses could include barricaded suspects or high-risk tactical operations, disaster response, and use in crawl spaces or confined isolated areas to assist in searches for suspects or evidence.

Usage: Robots are generally used by the SWAT team during high-risk operations.

Training Requirements: SWAT Officers authorized to operate robots are required to successfully complete a POST certified SWAT school and are subject to classroom and practical application training in the use of the robots. Additionally, SWAT Officers regularly train on safe robot deployment in a variety of operational settings.

Fiscal Impact: See Appendix C
Lifespan: Lifespan varies based on operational usage and wear.

The following page(s) detail the robot(s) currently owned by the department.

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Recon Robotics Throwbot
Manufacturer: Recon Robotics
Manufacturer Description: The Throwbot robot is a throwable micro-robot platform that enables operators to obtain instantaneous video and audio reconnaissance within indoor or outdoor environments. Designed to withstand repeated drops of up to 30 feet (9 m) onto concrete, the Throwbot robot can be thrown into hazardous situations in order to allow operators to quickly make informed decisions when seconds count. This micro-robot is designed to be able to crawl over a variety of terrain, clearing obstacles up to 2″ (5 cm) tall. Conversion kits are available which can increase the ability of the Throwbot 2 robot to cross obstacles up to 4″ (10 cm) tall or to carry and tow a combined 4 lbs (1.8 kg) of payloads using integrated mount points or a Picatinny Rail accessory.

(Description and photo source: https://reconrobotics.com)

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Transcend Vantage Tactical Robot
Manufacturer: Transcend Robotics
Manufacturer Description: Transcend’s Vantage robot is the first technological breakthrough in law enforcement robotics in the last 30 years. Its double patented automatic stair and obstacle mobility technology has given officers an unprecedented tool for successful mobile reconnaissance. It’s ability to deploy hot gas in a safe and fully contained enclosure has been a game changer for many situations, especially barricaded subjects. The Vantage can be used by anyone without prior training to climb stairs, overcome clothes and random obstacles. Its communication signals can penetrate a vast array of wall materials at distance and it’s designed to be affordable for years to come.

(Description and photo source: https://www.transcendrobotics.com)

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RIFLES

Description: A semi-automatic shoulder-fired long gun that fires a rifle caliber cartridge.

The department-approved AR-15 style weapon system is designed to fire a .223/5.56 caliber projectile.

Capability: The rifle caliber carbine provides officers the ability to engage hostile suspects at distances generally greater than the effective distance of their handguns.

Additionally, AR-15 rifles offer advantages over handguns, such as increased accuracy and the ability to defeat soft body armor but are not appropriate for every situation.

Usage: The usage guidelines for AR-15 rifles are outlined in Murrieta Police Department Policy 432. Only officers who have completed a POST certified course, mandated department training, and have qualified are authorized to use a rifle.

Training Requirements: Prior to using a rifle, officers must be certified by POST instructors in the operation of the rifle. Additionally, all officers who operate any rifle are required to pass a range qualification once a year. The training requirements for rifles are outlined in Murrieta Police Department Policy 312.5. It is the policy of the Murrieta Police Department to utilize rifles only for law enforcement purposes and pursuant to state and federal law regarding the use of force.

Fiscal Impact: See Appendix C
Lifespan: Barrel life rated to approximately 15,000 rounds (5-10 years).

The following page(s) detail the rifles currently owned by the department.

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Colt AR-15 A3 Tactical Carbine
Manufacturer: Colt Manufacturing LLC
Manufacturer Description: The Colt AR-15 Tactical Carbine comes equipped with a Magpul MBUS backup sight and is used as a patrol rifle with tactical accuracy by federal, state and local agencies. The AR-15 Tactical Carbine has a 16” heavy barrel with a 1/9 twist which allows for flexibility in ammunition selection.

(Description and source photo: https://www.colt.com)

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Colt M4 Commando
Manufacturer: Colt Manufacturing LLC
Manufacturer Description: Rapid response, maneuverability, and enhanced firepower play a major part in joint and coalition operations in modern warfare. Colt’s M4 Commando was designed to exploit firepower capability in confined spaces where lightweight mobility, speed and violence of action rule. The Commando can be comfortably carried with its 11.5” barrel, yet be instantly available to provide the type of firepower required to overmatch combatants. Because it provides the full 5.56mm power and accuracy in a very compact sub-machine gun size weapon, the Commando is often chosen over smaller, less powerful sub-machine guns. Regardless of the application, the Colt M4 Commando provides superior qualities enabling operators to accomplish an increasingly wide range of combat missions.

(Description and source photo: https://www.colt.com)

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BOLT-ACTION RIFLES

Description: A rifle that is operated by directly manipulating the bolt via a bolt handle.

Capability: The bolt-action rifle provides SWAT Snipers the ability to engage hostile suspects at great distances with accuracy.

Usage: Bolt-action rifles are to be used exclusively by officers assigned to the SWAT Sniper Team. These rifles are typically deployed with the SWAT Sniper Team during high-risk SWAT operations and special events or instances wherein sniper overwatch teams are needed.

Training Requirements: SWAT Snipers must successfully complete a POST certified SWAT school. Murrieta Police Department Snipers must also complete a POST certified sniper school, and regularly train and qualify with various weapons systems, including the bolt-action rifle, to maintain proficiency.

Fiscal Impact: See Appendix C
Lifespan: No lifespan indicated by the manufacturer. Lifespan varies on operational usage and wear. Barrel life rated to approximately 5-10 years.

The following page(s) detail the bolt-action rifles currently owned by the department.

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Accuracy International .308 Bolt-Action Rifle
Manufacturer: Accuracy International
Manufacturer Description: A bolt-action, high accuracy, long range, scoped rifle that fires a .308 caliber round with precision used by SWAT snipers. Fixed Stock, 24” barrel, standard adjustable cheekpiece, fixed butt pad with spacers, pistol grip, flush cup sling attachments points, double chamber stand muzzle break, and 10 round magazines.

Manufacturer Description: The short action AX308 (.308 Winchester) is a worthy successor to the battle hardened AW308, boasting a raft of new features including the patented Quickloc system which allows the barrel to be changed or removed for transit in minutes using the hex key stored in the cheek piece.

(Photo and description source: https://www.accuracyinternational.com)

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Remington Model 700 .308 Bolt-Action Rifle
Manufacturer: Remington
Manufacturer Description: It's the number one bolt-action of all time, proudly made in the U.S.A. Since 1962, more Model 700s have been sold than any other bolt-action rifle before or since. The legendary strength of its 3-rings-of-steel receiver is now paired with a 5R barrel on every 700. Bearing the most popular bolt-action rifle in history.

Top choice of military and law enforcement officers, the Model 700 is unequalled in precision. Whether defending freedom or pursuing big game, its out-of-the-box accuracy is unmatched.

(Photo and description source: https://www.remarms.com)

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BREACHING TOOLS

Description: During crisis situations, it may become necessary for a SWAT team to facilitate an entry into a target location. It is critical the point of entry is breached quickly and as safely as possible. A quick and effective breach is one key to a successful tactical mission. In some instances, a breach initiated by a breaching shotgun loaded with specialized breaching rounds may be required to provide an added degree of safety and tactical advantage to accomplish a mission. Specialized breaching rounds are frangible and are designed break into a powder form upon impact with a solid object (i.e., dead bolt lock, door frame, etc.).

Capability: Shotgun breaching, the use of a breaching shotgun to affect a breach, can be an effective option in SWAT Team tactics. An effective breach is a design where the least amount of breaching shotgun rounds are used and still accomplishes its goal. An effective shotgun breach can defeat fortified doors and locks. Effective breaching techniques allow tactical officers immediate entry with minimal risk to victims, officers, and suspects.

Usage: Breaching shotguns are to be exclusively used by the SWAT Team. Breaching shotguns are used to breach doors expeditiously and can be used in response to barricaded suspects, hostage rescue incidents, and active shooters.

Training Requirements: SWAT Officers who are trained in the use of breaching shotguns must successfully complete a POST certified SWAT school. Furthermore, SWAT Officers must undergo regular classroom and live fire proficiency training in its application.

Fiscal Impact: See Appendix C
Lifespan: Lifespan varies on operational usage and wear.

The following page(s) detail the breaching tools currently owned by the department.

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Royal Remington 870 Express Breaching Shotgun
Manufacturer: Royal Arms International
Manufacturer Description: Royal Arms Breaching Shotgun starts out with the Remington 870 Express Synthetic 12 Ga Shotgun as its base. We then completely modify it with our custom CNC machined parts to be the ultimate Breaching Shotgun.

Royal Arms invented the Breachers and Breaching shotguns. The Remington Express Synthetic model is a great option for those who don’t need the upgraded performance of the Police model.

(Description and photo source: https://www.royalarms.com)

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KBT Breaching Tool
Manufacturer: KBT
Manufacturer Description: The KBT was purpose-built from the ground up to solve a specific problem for tactical units: filling the gap between manual forced entry and explosive breaching. This breaching tool employs the best of physics in the form of a self-contained impact ram with powder-actuated cartridges that go directly into a door or entryway. The KBT captures the force of the ram within the tool, ensuring that no projectile or explosive energy leaves the device.

The KBT also increases operator safety by allowing operators to breach from behind a shield or to the side of the door. This is a ready-to-use device that can completely replace explosive and hydraulic breaching, battering rams, and other manual forced entry techniques that drain valuable time and energy from your tactical unit.

(Description and photo source: https://www.aardvarktactical.com)

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PROJECTILE LAUNCHERS

Description: A single-shot or multi-shot less lethal impact weapon launcher capable of firing a variety of rounds.

Capability: Projectile launchers can fire a variety of munitions with a maximum effective range of one hundred twenty (120) feet. 40mm launchers can deliver 40mm munitions in the form of chemical agents, sponge rounds, or combined use sponge OC chemical agent rounds. Less lethal shotguns can deliver beanbag rounds to transfer kinetic energy to the target from a distance.

Usage: Projectile launchers may be deployed to impact subjects demonstrating assaultive behavior or life-threatening behavior, as defined in department policy and procedures regarding the use of force. They may also be used to control an actively resistive subject reasonably believed to possess or have immediate access to a deadly weapon within the use of force guidelines. The main objectives that officers attempt to achieve in using a less lethal impact weapon on a subject exhibiting any of the aforementioned criteria are to effect an investigative detention or arrest; control a subject who is in lawful custody; prevent an escape; or protect the officer, the subject, or another person from injury or death. Projectile launchers are authorized to be used by any officer who has been trained in its use and maintains current qualifications.

Training Requirements: Officers that have been trained in the use of projectile launchers undergo thorough classroom and live fire training in its use from POST certified instructors. Officers are required to regularly train and qualify with projectile launcher platforms to maintain proficiency.

Fiscal Impact: See Appendix C
Lifespan: Lifespan varies on operational usage and wear.

The following page(s) detail the projectile launcher(s) currently owned by the department.

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Defense Technology 40mm LMT Tactical Single Launcher
Manufacturer: Defense Technology
Manufacturer Description: Manufactured exclusively for Defense Technology, the 40LMTS is a tactical single shot launcher that features an expandable ROGERS Super Stoc and an adjustable Integrated Front Grip (IFG) with light rail. The ambidextrous Lateral Sling Mount (LSM) and QD mounting systems allow both a single and two point sling attachment. The 40LMTS will fire standard 40mm less lethal ammunition, up to 4.8 inches in cartridge length. The Picatinny Rail Mounting System will accept a wide array of enhanced optics/sighting systems.

(Photo and description source: https://www.defense-technology.com)

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Penn Arms GL-140 Single Launcher
Manufacturer: Penn Arms
Manufacturer Description: A 40mm single-shot break-open frame launcher with a rifled barrel and fixed stock. Features include double-action trigger, trigger lock push button and hammer lock safeties.

(Photo and description source: https://www.combinedsystems.com)

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Remington Model 870 Less Lethal Shotgun
Manufacturer: Remington
Manufacturer Description: The Remington Model 870 Pump Shotgun is a reliable 12- gauge with double-action bars for smooth pump operation. A steel-lined/grooved fore- end provides a stronger grip, while the Flexitab feeding system provides positive and easier cycling. A less-lethal application shotgun is available with the addition of a blaze orange synthetic SpeedFeed stock and fore-end for the instant recognition required.

(Photo and description source: https://www.officer.com)

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Tippmann Pepperball Launcher
Manufacturer: Tippmann
Manufacturer Description: The Carbine S is a Tippmann 98 Custom Non-ACT launcher, used widely in the paintball arena as a rental marker. It was first sold by PepperBall in 2006 and replaced the SA200 launcher. It has a two-piece clamshell receiver body and a flat or smooth top rail. It features a vertical front grip handle and a breech opening procedure that requires unhinging the hopper down and to the right side of the launcher.

(Photo and description source: internal product marketing materials)

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AMMUNITION

Description: Rifle ammunition manufactured specifically for rifles chambered in .223 or .308. Pistol ammunition manufactured specifically for 9mm, 40 caliber, or 45 caliber.

Capability: .223 or .308 rifle ammunition used in conjunction with an AR-15 type rifles or .308 sniper rifles provides officers the ability to engage hostile suspects at distances generally greater than the effective distance of their handguns. Rifle ammunition fired from AR-15 rifles, or .308 sniper rifles offers advantages over handguns, such as increased accuracy potential and the ability to defeat soft body armor but are not appropriate for every situation.

Usage: To project a force against a selected target to have an effect, potentially lethal.

Officers shall carry only department issued ammunition on duty. Use is established under policy number 312. It is the policy of the Murrieta Police Department to utilize ammunition only for official law enforcement purposes, and pursuant to state and federal law, including those regarding the use of force.

Training Requirements: All sworn personnel are required to qualify annually with their duty weapons (pistol and rifle, if assigned) on an approved course of fire.

Fiscal Impact: See Appendix C
Lifespan: Ten (10) year shelf life.

The following page(s) detail the ammunition currently owned by the department.

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Winchester 9mm Luger, 147 Grain
Manufacturer: Winchester
Manufacturer Description: Threat stopping performance. It's what makes Ranger T- Series the trusted duty load law enforcement agencies across America. The bullet's patented, segment engineered design enhances expansion, penetration and weight retention through a variety of intervening barriers.

(Photo and description source: https://www.winchesterle.com)

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Federal Personal Defense HST 40 S&W 180 Grain
Manufacturer: Federal
Manufacturer Description: Effective self-defense requires ammunition that provides consistent expansion, optimum penetration and superior terminal performance. And HST delivers. That’s why it’s already the duty load of choice for law enforcement officers throughout the world. Its specially designed hollow point won't plug while passing through a variety of barriers, and the bullet jacket and core hold together to provide nearly 100 percent weight retention through even the toughest materials. • Specially designed hollow point expands reliably through a variety of barriers • Expanded diameter and weight retention produce the desired penetration for personal defense situations without over penetrating
• Superior performance in FBI test protocol used by law enforcement officials to assess and select duty ammunition
• Bullet nose profile, nickel-plated case and high-performance primer provide the ultimate in function and reliability in semi-automatic handguns

(Photo and description source: https://www.federalpremium.com)

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Federal Personal Defense HST 45 Auto 230 Grain
Manufacturer: Federal
Manufacturer Description: Effective self-defense requires ammunition that provides consistent expansion, optimum penetration and superior terminal performance. And HST delivers. That’s why it’s already the duty load of choice for law enforcement officers throughout the world. Its specially designed hollow point won't plug while passing through a variety of barriers, and the bullet jacket and core hold together to provide nearly 100 percent weight retention through even the toughest materials. • Specially designed hollow point expands reliably through a variety of barriers • Expanded diameter and weight retention produce the desired penetration for personal defense situations without over penetrating
• Superior performance in FBI test protocol used by law enforcement officials to assess and select duty ammunition
• Bullet nose profile, nickel-plated case and high-performance primer provide the ultimate in function and reliability in semi-automatic handguns

(Photo and description source: https://www.federalpremium.com)

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Speer Gold Dot Rifle Personal Protection 223 Remington 62 Grain Manufacturer: Speer
Manufacturer Description: Speer Gold Dot ammunition’s reliability has made it the No. 1 choice for law enforcement, and we offer the same performance for self-defense rifle applications. Gold Dot rifle is engineered to provide industry-leading performance in FBI protocol testing through barrels less than 16 inches long. Its bullets are built using Speer’s exclusive Uni-Cor method. The jacket is bonded to the core one atom at a time, virtually eliminating core-jacket separation and creating a projectile that’s accurate, tough and consistent through all common barriers.
• Self-defense rifle loads optimized for peak FBI protocol performance though barrels shorter than 16 inches
• Consistent penetration and expansion through common barriers • Extremely uniform jacket maximizes accuracy
• Gold Dot technology virtually eliminates core-jacket separation • Nickel-plated brass
• Reliable, sensitive CCI primer

(Photo and description source: https://www.speer.com)

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Hornady 308 WIN TAP 168 gr A-MAX TAP PRECISION
Manufacturer: Hornady
Manufacturer Description: The 168 gr. A-MAX bullet is a traditional match grade bullet with the performance advantages of a polymer tip. This bullet demonstrates an increase in penetration and retained weight over the 155 gr. A-MAX bullet. Standard barrier performance is exemplary and this load demonstrates controlled and impressive soft tissue expansion without over penetration. The Hornady 168 gr. A-MAX TAP Precision offers industry leading all-around performance for law enforcement precision marksmen providing the ability to stop a threat.

(Photo and description source: https://www.hornadyle.com)

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PepperBall Live-X
Manufacturer: PepperBall
Manufacturer Description: A powerful concentration of 5% PAVA pepper powder. One round of PepperBall LIVE-X contains the equivalent PAVA irritant organic agent in 2.5 classic PepperBall LIVE rounds. Excellent for direct impact, area saturation and crowd control.

(Photo and description source: https://www.pepperball.com)

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PepperBall Glass Breaker
Manufacturer: PepperBall
Manufacturer Description: A solid polymer projectile used for breaking out residential windows and side-glass of automobiles. Not for use on humans or animals.

(Photo and description source: https://www.pepperball.com)

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eXact iMpact 40 mm Sponge Round
Manufacturer: Defense Technology
Manufacturer Description: The eXact iMpact 40 mm Sponge Round is a point-of-aim, point-of-impact direct-fire round. This lightweight, high-speed projectile consisting of a plastic body and sponge nose that is spin stabilized via the incorporated rifling collar and the 40 mm launcher’s rifled barrel. The round utilizes smokeless powder as the propellant, and, therefore, have velocities that are extremely consistent. Used for Crowd Control, Patrol, and Tactical Applications.

(Photo and description source: https://www.defense-technology.com)

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ALS1212T 12ga Stabilized Triton Bean Bag
Manufacturer: ALS
Manufacturer Description: The ALS1212T is a 12ga stabilized bean bag munition that is designed to produce blunt trauma and pain compliance. The bean bag is designed for exceptional flight ballistic stability to provide accuracy from smooth bore shotguns. It is recommended the operator attend an ALS less-lethal instructor training course to better understand product performance and injury potential.

(Photo and description source: https://www.lesslethal.com)

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DIVERSIONARY DEVICES

Description: Devices that emit a loud noise and bright light.

Capability: Diversionary devices can release large amounts of stored energy in the form of heat, light, pressure, and noise. They are intended to temporarily distract, confuse, and disorient subjects. They can also be used as “attention-getting” devices. A diversionary device is ideal for distracting dangerous suspects during assaults, hostage rescue, room entry or other high-risk arrest situations producing atmospheric over- pressure and brilliant white light, and as a result, can cause short-term (6-8 seconds) physiological/psychological sensory deprivation to give officers a tactical advantage.

Usage: Diversionary devices shall only be used by officers who have been trained in their proper use and during conditions such as hostage and barricaded situations, high- risk warrant (search/arrest) service where there may be extreme hazards to officers, during high-risk situations where use would enhance officer safety, and during training exercises.

Training Requirements: Prior to use, officers must attend in-house diversionary device training conducted by certified instructors.

Fiscal Impact: See Appendix C
Lifespan: Five (5) year shelf life.

The following page(s) detail the diversionary device(s) currently owned by the department.

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Combined Tactical Systems 7290 Flashbang
Manufacturer: Combined Tactical Systems
Manufacturer Description: The CTS 7290 is the standard for diversionary flash-bang devices. The 7290 produces a 165-180db and 6-8 million candela of light output. The patented design of the 7290, incorporates a porting system that eliminates movement of the body at detonation even if the top or bottom of the device should be in contact with a hard surface. In addition, internal adjustments have greatly reduced smoke output.

Flash Bangs are used by special tactical units during hostage rescue and high-risk warrants. It is an ATF-controlled Class-C explosive device that emits a bright light and thunderous noise to distract potentially dangerous individuals.

(Photo and description source: https://www.combinedsystems.com)

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Combined Tactical Systems 7290M Mini Flashbang
Manufacturer: Combined Tactical Systems
Manufacturer Description: The CTS 7290M Mini Flash-Bang is the newest generation in the evolution of the Flash-Bang. Our Model 7290M Flash-Bang exhibits all of the same attributes of it’s larger counterpart but in a smaller and lighter package. Weighing in at just 15 ounces the new 7290M is approximately 30% lighter than the 7290 but still has the same 180db output of the 7290 and produces 6-8 million candela of light. The patented design of the 7290M, incorporates a porting system that eliminates movement of the body at detonation even if the top or bottom of the device should be in contact with a hard surface. In addition, internal adjustments have greatly reduced smoke output.

(Photo and description source: https://www.combinedsystems.com)

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Combined Tactical Systems 7290-7 7 Bang Flashbang
Manufacturer: Combined Tactical Systems
Manufacturer Description: The patented multi-bangs feature top and bottom non- fragmenting, minimal movement devices that perform with high reliability incorporating CTS Superior fuze components with the patented and US Army adopted Confidence Clip and pin shroud.

(Photo and description source: https://www.combinedsystems.com)

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CHEMICAL AGENTS

Description: Canisters that contain chemical agents that are released when deployed.

Chemical agents can include irritants such as Chlorobenzalmalononitrile (CS) or an inflammatory agent such as Oleoresin Capsicum (OC) or Pava (synthetic OC).

Chemical agents can be liquid, powder, or gaseous. Delivery systems can be pyrotechnic, blast dispersion, OC Fogger, or aerosol.

Capability: Depending on the delivery method, chemical agents are capable of being introduced in close proximity or from a distance. Depending on the type of delivery system and/or quantity, chemical agents can be used to saturate individual suspects, violent crowds, or areas of varied size to also include structures.

Usage: Situations for the use of chemical agents may include but are not limited to; self- destructive, dangerous and or combative individuals, riot/crowd control and civil unrest incidents, circumstances where a tactical advantage can be obtained, potentially vicious animals, training exercises or approved demonstrations.

Chemical agents can also be used to prevent an armed suspect from accurately firing at citizens and/or officers. They can also be used in limited instances during civil unrest when objectively reasonable to defend against a threat to life or serious bodily injury to any individual, including the officer, or to bring an objectively dangerous and unlawful situation safely and effectively under control. See Penal Code 13652.

The use of chemical agents is governed under Murrieta Police Department Policy 308. It is the policy of the Murrieta Police Department to utilize chemical agents only for official law enforcement purposes, and pursuant to state and federal law, including those regarding the use of force.

Training Requirements: Chemical agents are to be used exclusively by the SWAT Team. SWAT Officers that are trained in the use of chemical agents must successfully complete a POST certified SWAT school. Furthermore, SWAT Officers must undergo regular classroom and proficiency training in their application.

Fiscal Impact: See Appendix C
Lifespan: Five (5) year shelf life.

The following page(s) detail the chemical agent(s) currently owned by the department.

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Combined Tactical Systems 5230 CS Canister Grenade
Manufacturer: Combined Tactical Systems
Manufacturer Description: Large diameter burning grenade that discharges a high volume of smoke and chemical agent through multiple emission ports. Specifically for outdoor use and should not be deployed on rooftops, in crawl spaces or indoors due to potential fire hazard. Can be hand thrown or launched. Discharge duration can reach up to 40 seconds.

(Photo and description source: https://www.combinedsystems.com)

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Combined Tactical Systems 5230B CS Baffled Canister Grenade Manufacturer: Combined Tactical Systems
Manufacturer Description: Pyrotechnic grenade designed for indoor use delivering a maximum amount of irritant smoke throughout multiple rooms with minimal risk of fire.

(Photo and description source: https://www.combinedsystems.com)

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Defense Technology Spede-Heat Continuous Discharge Chemical Grenade CS Manufacturer: Defense Technology
Manufacturer Description: The Spede-Heat™ Grenade is a high volume, continuous discharge grenade available in OC, CN or CS. In the OC, CN and CS configurations, pelletized chemical agent is discharged through four (4) gas ports located on top of the canister, three (3) on the side, and one (1) on the bottom. Designed specifically for outdoor use in crowd control situations, the SpedeHeat™ Grenade is built on the old style larger canister. It is a high volume continuous burn device that expels its payload in approximately 20 – 40 seconds from a single source. The longer burn time may allow for throwback by individuals wearing burn protection such as a welder’s mitt. The canisters may be protected from advancing individuals with the use of less lethal impact munitions. The device should be deployed utilizing wind advantage. It should NOT be deployed onto rooftops, in crawl spaces, or indoors due to its fire-producing capability.

Hand throw or launch. Launching of grenades will provide deploying officers additional stand-off distances. Affords very good coverage for large outdoor areas.

(Photo and description source https://www.defense-technology.com)

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APPENDIX A

Military Equipment Deployments from January 1, 2023, through December 31, 2023

Command and Control Vehicles:
11/06/23 - Violent Barricaded Suspect
Armored Vehicles:
11/06/23 – Violent Barricaded Suspect
Unmanned Aerial Systems:
05/03/23 – Investigations Assist
05/03/23 – Investigations Assist
05/09/23 – Investigations Assist
05/10/23 – Investigations Assist
05/11/23 – Investigations Assist
06/01/23 – Investigations Assist
06/24/23 – Special Events Assist
06/24/23 – Special Events Assist
06/28/23 – Investigations Assist
06/28/23 – Patrol Assist
07/11/23 – Patrol Assist
07/11/23 – Patrol Assist
07/18/23 – Investigations Assist
07/18/23 – Investigations Assist
07/22/23 – Patrol Assist
07/28/23 – Investigations Assist
07/29/23 – Patrol Assist
07/29/23 – Patrol Assist
08/21/23 – Patrol Assist
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09/01/23 – Patrol Assist
09/04/23 – Investigations Assist
09/11/23 – Patrol Assist
09/06/23 – Investigations Assist
09/07/23 – Investigations Assist
09/08/23 – Patrol Assist
10/08/23 – Patrol Assist
10/09/23 – Patrol Assist
10/30/23 – Investigations Assist
11/02/23 – Patrol Assist
11/03/23 – Patrol Assist
11/09/23 – Patrol Assist
11/10/23 – Patrol Assist
11/23/23 – Patrol Assist
11/26/23 – Patrol Assist
12/06/23 – Patrol Assist
12/07/23 – Fire Assist
12/09/23 – Special Events Assist
12/14/23 – Investigations Assist
12/16/23 – Patrol Assist
12/23/23 – Patrol Assist
12/23/23 – Patrol Assist
12/28/23 – Patrol Assist
12/29/23 – Patrol Assist
Diversionary Devices:
11/06/23 - Violent Barricaded Suspect
Chemical Agents:
11/06/23 - Violent Barricaded Suspect
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AB 481 Annual Report - 2023 Page 55 of 64

APPENDIX B

Military Equipment Quantities

Command and Control Vehicles
Equipment Quantity
1996 Freightliner Motorhome 1

Armored Vehicles
Equipment Quantity
2016 Lenco BearCat G3 1

Unmanned Aerial Systems
Equipment Quantity
DJI Mavic Mini 2 5
DJI Mavic 3T Enterprise 2
Autel Robotics EVO Max 4T 2

Robots
Equipment Quantity
Recon Robotics Throwbot 1
Transcend Vantage Tactical Robot 1

Rifles
Equipment Quantity
Colt AR-15 A3 Tactical Carbine 52
Colt M4 Commando 17

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AB 481 Annual Report - 2023 Page 56 of 64
Bolt-Action Rifles
Equipment Quantity
Accuracy International .308 Bolt-Action Rifle 2
Remington Model 700 .308 Bolt-Action Rifle 3

Breaching Tools
Equipment Quantity
Royal Remington 870 Express Breaching Shotgun 1
KBT Breaching Tool 1

Projectile Launchers
Equipment Quantity
Defense Technology 40mm LMT Tactical Single Launcher 20 Penn Arms GL-140 Single Launcher 5
Remington Model 870 Less Lethal Shotgun 6
Tippmann Pepperball Launcher 29

Ammunition
Equipment Quantity
Winchester 9m Luger, 147 Grain 13,500
Federal Personal Defense HST 40 S&W 180 Grain 1,950
Federal Personal Defense HST 45 Auto 230 Grain 9,000
Speer Gold Dot Rifle Personal Protection 223 Remington 62 Grain 5,500 Hornady 308 WIN TAP 168 gr A-MAX TAP PRECISION 2,900
PepperBall Live-X 1,300
PepperBall Glass Breaker 300
eXact iMpact 40 mm Sponge Round 520
ALS1212T 12ga Stabilized Triton Bean Bag 150

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AB 481 Annual Report - 2023 Page 57 of 64
Diversionary Devices
Equipment Quantity
Combined Tactical Systems 7290 Flashbang 20
Combined Tactical Systems 7290M Mini Flashbang 20
Combined Tactical Systems 7290-7 7 Bang Flashbang 10

Chemical Agents
Equipment Quantity
Combined Tactical Systems 5230 CS Canister Grenade 42
Combined Tactical Systems 5230B CS Baffled Canister Grenade 80 Defense Technology Spede-Heat Continuous Discharge Chemical Grenade CS 12

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AB 481 Annual Report - 2023 Page 58 of 64

APPENDIX C

Military Equipment Fiscal Impact and Estimated Projected Costs

Command and Control Vehicles
Equipment Initial Cost Approx Annual Cost
1996 Freightliner Motorhome $450,000 $1,000

Armored Vehicles
Equipment Initial Cost Approx Annual Cost
2016 Lenco BearCat G3 $269,000 $5,000

Unmanned Aerial Systems
Equipment Initial Cost Approx Annual Cost
DJI Mavic Mini 2 $400 $100
DJI Mavic 3T Enterprise $5,500 $200
Autel Robotics EVO Max 4T $9,000 $200

Robots
Equipment Initial Cost Approx Annual Cost
Recon Robotics Throwbot $14,000 $0
Transcend Vantage Tactical Robot $40,000 $100

Rifles
Equipment Initial Cost Approx Annual Cost
Colt AR-15 A3 Tactical Carbine $1,200 $100
Colt M4 Commando $1,500 $100

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AB 481 Annual Report - 2023 Page 59 of 64
Bolt-Action Rifles
Equipment Initial Cost Approx Annual Cost
Accuracy International .308 Bolt-Action Rifle $4,000 $100 Remington Model 700 .308 Bolt-Action Rifle $1,000 $100

Breaching Tools
Equipment Initial Cost Approx Annual Cost
Royal Remington 870 Express Breaching
Shotgun $800 $100
KBT Breaching Tool $10,000 $100

Projectile Launchers
Equipment Initial Cost Approx Annual Cost
Defense Technology 40mm LMT Tactical
Single Launcher $1,000 $100
Penn Arms GL-140 Single Launcher $1,700 $100
Remington Model 870 Less Lethal Shotgun $500 $100
Tippmann Pepperball Launcher $200 $100

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AB 481 Annual Report - 2023 Page 60 of 64
Ammunition
Equipment Initial Cost Approx Annual Cost
Winchester 9mm Luger, 147 Grain $358 / 1K $0
Federal Personal Defense HST 40 S&W 180
Grain $360 / 1K $0
Federal Personal Defense HST 45 Auto 230
Grain $410 / 1K $0
Speer Gold Dot Rifle Personal Protection 223
Remington 62 Grain $587 / 1K $0
Hornady 308 WIN TAP 168 gr A-MAX TAP
PRECISION $1,250 / 1K $0
PepperBall Live-X $1,000 / 375 $0
PepperBall Glass Breaker $30 / 10 $0
eXact iMpact 40 mm Sponge Round $22 / 1 $0
ALS1212T 12ga Stabilized Triton Bean Bag $775 / 100 $0

Diversionary Devices
Equipment Initial Cost Approx Annual Cost
Combined Tactical Systems 7290 Flashbang $140 $0
Combined Tactical Systems 7290M Mini
Flashbang $140 $0
Combined Tactical Systems 7290-7 7 Bang
Flashbang $140 $0

Chemical Agents
Equipment Initial Cost Approx Annual Cost
Combined Tactical Systems 5230 CS Canister
Grenade $50 $0
Combined Tactical Systems 5230B CS Baffled
Grenade $50 $0
Defense Technology Spede-Heat Continuous
Discharge Chemical Grenade CS $50 $0

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AB 481 Annual Report - 2023 Page 61 of 64

APPENDIX D

Specialized equipment inventory known to be owned and/or utilized by law enforcement agencies with which the Murrieta Police Department collaborates with and/or may require assistance from in a mutual -aid situation for law enforcement services.

MRAP Vehicle
Description: The MRAP is a large ballistic armored rescue vehicle deployed during search warrant services and primarily in open desert areas requiring extreme off-road capability. The MRAP is also used for large parcel outdoor illegal marijuana grow enforcement. Operation requires a Class “B” driver’s license. Capable of transporting personnel and equipment while providing them with armored protection from gunfire.

Usage: The MRAP can be deployed any time tactical operators determine that there is a need to move personnel and/or resources into areas in which they have reason to expect potential armed resistance requiring its protection.

Training Requirements: None. Equipment owned, maintained and operated by another agency.

Fiscal Impact: None. Equipment owned, maintained and operated by another agency.

Long Range Acoustic Device (LRAD)
Description: LRAD is an acoustic hailing device used for emitting amplified public announcements during search warrant services, barricaded suspects, or tactical operations. The loud audible technology ensures broadcasted announcements are loud and clear while offering advantages over less amplified patrol car PA systems. The larger LRAD 1000 system is portable and can be used for criminal unrest and rioting to provide clear dispersal orders for unlawful assembly. LRAD can also be used for any public announcements or safety advisements during natural disasters or evacuations.

Usage: LRADs can only be deployed in accordance with all applicable State, Federal and Local laws governing police use of force, crowd control, etc.

Training Requirements: None. Equipment owned, maintained and operated by another agency.

Fiscal Impact: None. Equipment owned, maintained and operated by another agency.

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Flashbang Grenades and Explosive Breaching Tools
Description: Diversionary devices can release large amounts of stored energy in the form of heat, light, pressure, and noise. They are intended to temporarily distract, confuse, and disorient subjects. They can also be used as “attention-getting” devices. A diversionary device is ideal for distracting dangerous suspects during assaults, hostage rescue, room entry or other high-risk arrest situations producing atmospheric over- pressure and brilliant white light, and as a result, can cause short-term (6-8 seconds) physiological/psychological sensory deprivation to give officers a tactical advantage.

Explosive breaching tools are used to breach fortified structures to establish a point of entry. Explosive charges are fashioned to produce little to no fragmentation at the time of detonation. Explosive breaching effectively reduces the time spent overcoming a fortified door or structure. The reduction in time mitigating a hardened structure increasing officer safety and the element of surprise. Blast injuries are reduced by using low yield explosives that mechanically overcome door frames and locking mechanisms.

Explosive breaching mandates extensive schooling and certification processes.

Usage: Diversionary devices and explosive breaching tools are only for official law enforcement purposes and pursuant to State and Federal law regarding use of force.

Training Requirements: None. Equipment owned, maintained and operated by another agency.

Fiscal Impact: None. Equipment owned, maintained and operated by another agency.

Non-Handheld Battering Rams, Slugs and Breaching Equipment Apparatuses that are Explosive in Nature
Description: Explosive breaching tools are used to breach fortified structures to establish a point of entry. Explosive charges are fashioned to produce little to no fragmentation at the time of detonation. Explosive breaching effectively reduces the time spent overcoming a fortified door or structure. The reduction in time mitigating a hardened structure increasing officer safety and the element of surprise. Blast injuries are reduced by using low yield explosives that mechanically overcome door frames and locking mechanisms. Explosive breaching mandates extensive schooling and certification processes.

Usage: Diversionary devices and explosive breaching tools are only for official law enforcement purposes and pursuant to State and Federal law regarding use of force.

Training Requirements: None. Equipment owned, maintained and operated by another agency.

Fiscal Impact: None. Equipment owned, maintained and operated by another agency.

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Armored Vehicles with Breaching or Entry Apparatus or Water Cannon Description: Inventory includes four LENCO Ballistic Engineered Armored Response Counter-Attack Trucks (BearCat).

Usage: The BearCats are primarily used during high-risk tactical enforcement operations, officer rescues, and vehicle borne interventions. Additional deployments are used during criminal unrest and riots. Rescue vehicles provide ballistic safety during containment and apprehension of armed violent suspects. • Rescue vehicle for on-campus active shooter incidents to rescue injured victims
• 4X4 capability to transport or evacuate victims in a natural disaster • BOMB-CAT bullet resistant rescue vehicle provisioned with a front mounted Water Cannon. BOMB-CAT use is for tactical operations and explosive ordinance mitigation and fire suppression
• Rescue vehicles provide numerous safety capabilities for law enforcement, victim rescues, and overall community safety • TAC-CAT vehicle- A tracked bullet resistant caterpillar tractor driven and deployed during high-risk and tactical operations, with various hydraulic boom attachments including claw, chemical agent dispersal box and ram extension
Training Requirements: None. Equipment owned, maintained and operated by another agency.

Fiscal Impact: None. Equipment owned, maintained and operated by another agency.

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Pursuant to California Government Code § 7070(d)(7), members of the public may register complaints or concerns or submit questions about the use of each specific type of military equipment in this report by contacting the Military Equipment Use Coordinator through any of the following means:

• In person at the Murrieta Police Department:

2 Town Square, Murrieta, CA 92562

• Via telephone call to:

(951) 304-2677

The Murrieta Police Department is committed to responding to complaints, concerns and/or questions received through any of the above methods in a timely manner.

354
ORDINANCE NO. 577-22

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF

MURRIETA, CALIFORNIA, ADOPTING A MILITARY
EQUIPMENT POLICY PURSUANT TO ASSEMBLY BILL 481
WHEREAS, on September 30, 2021, Governor Gavin Newsom signed into law relating to the funding, acquisition and use of military equipment by California law enforcement agencies. AB 481 became effective on January 1, 2022; and WHEREAS, AB 481 seeks to provide transparency, oversight, and an opportunity for meaningful public input on decisions regarding whether and how military equipment is funded, acquired or used; and
WHEREAS, the Murrieta Police Department is in possession of certain items of ; and
WHEREAS, AB 481 requires that a law enforcement agency possessing and using such qualifying equipment must prepare a publicly-released military equipment policy fiscal impacts, procedures, training, oversight, and complaint process applicable to the ; and

WHEREAS,
website on April 1, 2022, for public review; and
WHEREAS, during the April 19, 2022 City Council meeting, the City Council and the public received a presentation by the Murrieta Police Department, regarding AB 481, the Policy and the military equipment currently used by the Murrieta Police Department; and
WHEREAS, pursuant to AB 481, the Policy and supporting information must be adopted by the governing body by ordinance, and reviewed and approved or amended annually, at a regular meeting of the governing body in an open session; and WHEREAS, the City Council of the City of Murrieta, having received the information required under AB 481 regarding the Murrieta Police Dep military equipment as defined in said law, deems it to be in the best interest of the City to approve the Military Equipment Policy as set forth herein.

NOW THEREFORE, the City Council of the City of Murrieta, does hereby ordain as follows:

SECTION 1. The above recitals are true and correct and are incorporated herein.

SECTION 2.
355

(a) The City Council finds and makes the following determinations regarding the Murrieta Police Department Policy # 709 :(1) The military equipment identified in the Policy is necessary because there is no reasonable alternative that can achieve the same objective of officer and civilian safety; (2) nd civil liberties; (3) The military equipment identified in the Policy is reasonably cost effective compared to available alternatives that can achieve the same objective of officer and civilian safety; and (4) Prior military equipment use complied with the applicable equipment use policy (which included equipment now defined as military equipment) that was in effect at the time, or if prior uses did not comply with the accompanying military equipment use policy, corrective action has been taken to remedy nonconforming uses and ensure future compliance (b) The Murrieta Police Department submitted the Policy to the City Council thirty (30) days prior to the public hearing concerning the military equipment at issue. (c) The Policy was considered by the City Council as an agenda item in an open session of a regular meeting, noticed in accordance with the Ralph M. Brown Act, at which public comment was permitted. (d) The Policy shall be made publicly available on the Murrieta Police internet website for as long as the military equipment is available for use. (e) The Murrieta Police Department shall submit an annual military equipment use report to the City Council containing the information required in California Government Code Section 7072, as that section may be amended from time to time, and the City Council shall determine whether each type of military equipment identified in that report has complied with the standards for approval set forth in (a)(1)-(4), above. (f) The City Council shall review this Ordinance, and vote on whether to renew it, on an annual basis at a regular meeting, in accordance with California Government Code Section 7071(e)(2), as that section may be amended from time to time. (g) The City Council approves the use of the Policy and finds that it satisfies the requirements of Government Code Sections 7070, et seq. SECTION 3. The City Council finds the introduction and adoption of this Ordinance is not a project within the meaning of Section 15378 of the California Environmental Quality Act (CEQA) Guidelines because there is no potential for it to result 356

in a physical change in the environment, either directly or indirectly. In the event this Ordinance is found to be subject to CEQA, it is exempt from CEQA pursuant to the exemption contained in CEQA Guidelines Common Senseexemption because it can be seen with certainty that there is no possibility of a significant effect on the environment. SECTION 4. If any section, sentence, clause or phrase of this Ordinance is determined to be invalid, illegal or unconstitutional by a decision or order of any court or agency of competent jurisdiction, then such decision or order will not affect the validity and enforceability of the remaining portions of this Ordinance. The City Council declares that it would have passed and adopted this Ordinance, and each section, sentence, clause or phrase thereof, regardless of the fact that any one or more sections, subsections, sentences, clauses, or phrases be declared invalid or unconstitutional. SECTION 5. This Ordinance shall take effect and be enforced thirty (30) days following its adoption by the City Council. SECTION 6. The City Clerk shall certify to the adoption of this Ordinance and shall publish this Ordinance in accordance with the law. INTRODUCED at a regular meeting of the City Council of the City of Murrieta, California, held on this 17th day of May, 2022; and PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council of the City of Murrieta, California, held on the 7th day of June, 2022. APPROVED: Jonathan Ingram, Mayor ATTEST: ______________________________________ Cristal McDonald, City Clerk APPROVED AS TO FORM: ______________________________________ Tiffany Israel, City Attorney 357

I, Cristal McDonald, City Clerk of the City of Murrieta, California, do hereby certify under penalty of perjury that the foregoing Ordinance was duly and regularly introduced at a meeting of the City Council on the 17th day of May, 2022, and that thereafter the said Ordinance was duly and regularly adopted at a meeting of the City Council on the 7th day of June, 2022, by the following vote, to wit: AYES: White, Stone, Warren, DeForest, Ingram NOES: None ABSENT: None ABSTAIN: None IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Murrieta, California, this 7th day of June, 2022. (Seal) Cristal McDonald, City Clerk 358

I, Cristal McDonald, City Clerk of the City of Murrieta, California, do hereby certify that Ordinance 577-22 has been duly and regularly published according to law and the order of the City Council of said City and that same was so published in the Press Enterprisenewspapers of general circulation on the following date:Adoption Ordinance: ____________________________In witness whereof, I have hereunto subscribed my name this: Cristal McDonald, City ClerkJune 16, 2022 359
Policy
709
Murrieta Police Department
Murrieta PD Policy Manual
Copyright Lexipol, LLC 2022/06/21, All Rights Reserved.

Published with permission by Murrieta Police Department Military Equipment - 566
Military Equipment
709.1 PURPOSE AND SCOPE
The purpose of this policy is to provide guidelines for the approval, acquisition, and reporting requirements of military equipment (Government Code § 7070; Government Code § 7071; Government Code § 7072).
709.1.1 DEFINITIONS
Definitions related to this policy include (Government Code § 7070):

Governing body – The elected or appointed body that oversees the Department.

Military equipment – Equipment that is "militaristic in nature" and identified in Government Code Section 7070 (c).
709.2 POLICY
It is the policy of the Murrieta Police Department that members of this department comply with the provisions of Government Code § 7071 with respect to military equipment. 709.3 MILITARY EQUIPMENT COORDINATOR
The Operations Division Captain or their designee will act as the military equipment coordinator.

The responsibilities of the military equipment coordinator include but are not limited to:
(a) Acting as liaison to the governing body for matters related to the requirements of this policy.
(b) Identifying department equipment that qualifies as military equipment in the current possession of the Department, or the equipment the Department intends to acquire that requires approval by the governing body.
(c) Conducting an inventory of all military equipment annually. (d) Collaborating with any allied agency that may use military equipment within the jurisdiction of Murrieta Police Department (Government Code § 7071). (e) Preparing for, scheduling, and coordinating the annual community engagement meeting to include:

1. Publicizing the details of the meeting.

2. Preparing for public questions regarding the department's funding, acquisition, and use of equipment.
(f) Preparing the annual military equipment report for submission to the Chief of Police and ensuring that the report is made available on the department website (Government Code § 7072).
(g) Establishing the procedure for a person to register a complaint or concern, or how that person may submit a question about the use of a type of military equipment, and how the Department will respond in a timely manner.
360
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Military Equipment
Copyright Lexipol, LLC 2022/06/21, All Rights Reserved.

Published with permission by Murrieta Police Department Military Equipment - 567
709.4 MILITARY EQUIPMENT INVENTORY
The following constitutes a list of qualifying equipment for the Department:

See attachment at end of policy manual: Military Equipment List.pdf 709.5 APPROVAL
The Chief of Police or the authorized designee shall obtain approval from the governing body by way of an ordinance adopting the military equipment policy. As part of the approval process, the Chief of Police or the authorized designee shall ensure the proposed military equipment policy is submitted to the governing body and is available on the department website at least 30 days prior to any public hearing concerning the military equipment at issue (Government Code § 7071). The military equipment policy must be approved by the governing body prior to engaging in any of the following (Government Code § 7071):
(a) Requesting military equipment made available pursuant to 10 USC § 2576a. (b) Seeking funds for military equipment, including but not limited to applying for a grant, soliciting or accepting private, local, state, or federal funds, in-kind donations, or other donations or transfers.
(c) Acquiring military equipment either permanently or temporarily, including by borrowing or leasing.
(d) Collaborating with another law enforcement agency in the deployment or other use of military equipment within the jurisdiction of this department. (e) Using any new or existing military equipment for a purpose, in a manner, or by a person not previously approved by the governing body.
(f) Soliciting or responding to a proposal for, or entering into an agreement with, any other person or entity to seek funds for, apply to receive, acquire, use, or collaborate in the use of military equipment.
(g) Acquiring military equipment through any means not provided above. 709.6 COORDINATION WITH OTHER JURISDICTIONS
The Murrieta Police Department provides law enforcement services to the City of Murrieta as well as providing mutual aid assistance countywide.

Through the Association of Riverside County Chiefs of Police and Sheriffs (ARCCOPS) mutual aid agreement, all cities within Riverside County have agreed to accept the use of each law enforcement agency's military equipment policy related to any enforcement action throughout Riverside County.
709.7 ANNUAL REPORT
Upon approval of a military equipment policy, the Chief of Police or the authorized designee should submit a military equipment report to the governing body for each type of military equipment 361
Murrieta Police Department
Murrieta PD Policy Manual
Military Equipment
Copyright Lexipol, LLC 2022/06/21, All Rights Reserved.

Published with permission by Murrieta Police Department Military Equipment - 568
approved within one year of approval, and annually thereafter for as long as the military equipment is available for use (Government Code § 7072).

The Chief of Police or the authorized designee should also make each annual military equipment report publicly available on the department website for as long as the military equipment is available for use. The report shall include all information required by Government Code § 7072 for the preceding calendar year for each type of military equipment in department inventory. 709.8 COMMUNITY ENGAGEMENT
Within 30 days of submitting and publicly releasing the annual report, the Department shall hold at least one well-publicized and conveniently located community engagement meeting, at which the Department should discuss the report and respond to public questions regarding the funding, acquisition, or use of military equipment.
362

CITY OF MURRIETA
City Council Meeting Agenda
Report
2/6/2024
Agenda Item No. 7.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Anthony Conrad, Chief of Police
PREPARED BY: Brendan Carney, Lieutenant - Police
SUBJECT:

Tobacco Law Enforcement Grant

RECOMMENDATION
Adopt Resolution No. 24-4724 entitled: A Resolution of the City Council of the City of Murrieta, California, Authorizing the City Manager to Accept Grant Funding from the State of California Department of Justice (DOJ), Office of Attorney General to Implement Strategies to Reduce Underage Tobacco Use in an Amount not to Exceed $134,061; Agreeing to the Terms of that Grant by Authorizing the City Manager to Sign the Attached DOJ Memorandum of Understanding and Increasing the Police Department’sRevenue and Expense Budget by the Actual Amount Awarded over the next three Fiscal Years as Follows: FY 2023/24 $44,687, FY 2024/25 $44,687, and FY 2025/26 $44,687.

PRIOR ACTION/VOTE
On April 16, 2019, the City Council adopted Resolution 19-4061, accepting the award of the California Department of Justice Tobacco Enforcement Grant (Vote: 5-0)

CITY COUNCIL GOAL
Provide a high level of innovative public safety.

BACKGROUND
To continually increase service levels to the community, the Police Department regularly seeks and applies for Federal, State, and local government grant funds. The Police Department applied to the DOJ and was awarded a three-year tobacco enforcement grant. The project will entail conducting (a) compliance checks and enforcement operations on all existing tobacco retailers, (b) classes for elementary, middle, and high school students, and (c) educational meetings for licensed tobacco retailers in the city.

The Murrieta Police Department and Murrieta Valley Unified School District (District) will collaborate to develop and schedule classes for all students at the district’selementary, middle, and high school campuses. The project’sgoals will be to increase educational opportunities for tobacco retailers to comply with federal, state, and local laws that regulate the sale of tobacco products to minors (under 21 years). Another fundamental goal of the project will be to increase awareness among students on the negative health effects of consuming CITY OF MURRIETA Printed on 2/1/2024Page 1 of 2
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2/6/2024
Agenda Item No. 7.
tobacco products (i.e., cigarettes, e-cigarettes, vapes, etc.).

The project objective will be to assist tobacco retailers in achieving 100% compliance with federal, state, and local laws within the project’sthree-year performance period and conduct semiannual classes and distribution of information to District students aimed at discouraging and reducing the use of tobacco products at and off school campuses.

FISCAL IMPACT
This grant is for $134,061, with the State providing one hundred percent reimbursement for the grant as identified on the attached grant Memorandum of Understanding (MOU) and attached Tobacco Law Enforcement Grant DOJ-PROP56-2023-24-1-017 Proposal. There is no match or cost share required for participation in the Tobacco Law Enforcement Grant. However, this grant is reimbursable in nature, requiring the City to expend funds prior to requesting reimbursement.

The following are the budget allocations to implement the proposed project during its three-year performance period. These funds will cover the overtime and equipment costs associated with the program. Establish a Revenue Budget in General Ledger Account 3580030-42221, Job Ledger Account 50151358-42221 by $44,687, and the Expenditure Budgets in General Ledger Account 3580030-51040, Job Ledger Account 50151358-51040 by $43,712 and General Ledger Account 3580030-60880, Job Ledger Account 50151358- 60880 by $975. The budget appropriation is the same for all three years of the grant (Fiscal Years 2023/24, 2024/25, and 2025/26).

ATTACHMENTS

1. Resolution No. 24-4724

2. California DOJ Letter of Grant Approval
3 Grant MOU with the California DOJ reference DOJ-PROP56-2023-24-1-017 CITY OF MURRIETA Printed on 2/1/2024Page 2 of 2
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01375.0010/948329.1
RESOLUTION NO. 24-4724

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MURRIETA,

CALIFORNIA, AUTHORIZING THE CITY MANAGER TO ACCEPT GRANT

FUNDING FROM THE STATE OF CALIFORNIA DEPARTMENT OF JUSTICE (DOJ),

OFFICE OF ATTORNEY GE NERAL TO I MPLEMENT STRATEGIES T O R EDUCE UNDERAGE TOBACCO USE IN AN AMOUNT NOT TO EXCEED $ 134,061.00;

AGREEING TO THE TERMS OF THAT GRANT BY AUTHORIZING THE CITY

MANAGER TO SIGN THE ATTACHED DOJ MEMORANDUM OF UNDERSTANDING

AND INCREASING THE POLICE DEPARTMENT'S REVENUE AND EXPENSE

BUDGET BY THE ACTUAL AMOUNT AWARDED OVER THE NEXT THREE FISCAL YEARS AS FOLLOWS: FY 2023/24 $44,687.00, FY 2024 /25 $44,687.00, AND FY 2025/26 $44,687.00
WHEREAS, on June 6th, 2023, the City of Murrieta ("City") City Council approved the City's Operating Budget for Fiscal Year 2023/2024, including the Police Department budget; and WHEREAS, the California Department of Justice ("DOJ") issued a request for proposals for grant funding to implement programs that would seek to reduce underage tobacco use and educate local communities on this public health issue with no requirement for local matching funds; and WHEREAS, the Mu rrieta Police Department submitted a proposal to the California Department of Justice that sought to address underage tobacco use utilizing effective methods of enforcement and education; and
WHEREAS, the California Department of Justice selected the Murrieta Police Department for grant funding in the amount of $134,061.00 to implement strategies to reduce underage tobacco use in Murrieta and to educate the community on the dangers of underage tobacco use.

NOW, THERE FORE, THE CITY COUNCIL OF THE CITY OF MURRIETA, CALIFORNIA DOES HEREBY RESOLVE AS FOLLOWS:

Section 1. The City of Murrieta accepts the California Department of Justice Tobacco Enforcement Grant in the amount of $134,061.00 and that the terms of the Grant are hereby approved.

Section 2. That the Fiscal Year 2023/2024 Operating Budget, as adopted by Resolution 23-4671, is amended to increase the Revenue Budget in General Ledger Account 3580030-42221, Job Ledger Account 50151358-42221 by $ 44,687 and the Expenditure Bud gets in General Ledger A ccount 3580030-51040, Job L edger Account 50151358-51040 by $ 43,712 and General Ledger A ccount 3580030-60880, Job Ledger Account 50151358-60880 by $975.

Section 3. That the future Fiscal Years 2024/25 and 2025/26 Operating Budgets be amended to include the California Department of Justice Tobacco Enforcement Grant in the same amounts and accounts as referenced above.

Section 4. That the expenditure in advance of reimbursement by the State under the terms of the California Department of Justice Grant is authorized pursuant to the terms of the Grant.

Section 5. That the City Manager is authorized to implement the program consistent with the requirements of the terms of the Grant.
365

01375.0010/948329.1
PASSED, APPROVED, AND ADOPTED this 6th day of February 2024.

Lori Stone, Mayor
ATTEST:

Cristal McDonald, City Clerk

APPROVED AS TO FORM:

Tiffany Israel, City Attorney

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE )§

CITY OF MURRIETA )

I, Cristal McDonald, City Clerk of the City of Murrieta, California, do hereby certify that the foregoing Resolution No. 24-4724 was duly passed and adopted by the City Council of the City of Murrieta at the regular meeting thereof, held on the 6th day of February, 2024, and was signed by the Mayor of the said City, and that the same was passed and adopted by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

Cristal McDonald, City Clerk

366
Rob Bonta
Attorney Gener al
DIVISION OF OPERATIONS
OFFICE OF THE CHIEF
GRAN
T SERVICES BRANCH
TOBACCO GRANT PROGRAM
P.O. Box 160187
Sacramento, CA 95816‐0187
Telephone: (916) 210‐6422
E‐Mail Address: [email protected]
October 11, 2023
Brent Sforzini, Sergeant
Murrieta Police Department
2 Town Square
Murrieta, CA 92562
Re:  Tobacco Grant Award Notification Fiscal Year 2023‐24 (RFP: DOJ‐PROP56‐2023‐24‐1) Dear: Sergeant Sforzini
Congratulations! On behalf of the California Department of Justice (DOJ), Tobacco Grant Program, I am pleased to inform you that your agency’s grant application for the fiscal year 2023‐24 grant cycle has been approved for grant funds authorized under the California Healthcare, Research and Prevention Tobacco Tax Act of 2016. The total amount of your agency’s grant award is $134,061.

The Tobacco Grant Program’s award process is highly competitive, and for the 2023‐24 grant cycle, the Department received over $48 million in requests. As noted in the application materials, grant funding prioritized support for local retailer enforcement and education efforts, including enforcement of flavored tobacco bans. Consequently, some awards were approved with modifications based upon funding priorities.

To accept the 2023‐24 grant award, please complete and return the following by email within 15 calendar days of the date of this letter:

1. Signed Letter of Intent (template attached), affirming either:
a. Your agency will seek a resolution from the governing body to accept the award (if your agency has a governing body); or
b. No governing body exists and no resolution is required.

18. Summary of Award (template attached)
Please email the signed Letter of Intent and Summary of Award as indicated above to [email protected] with the subject line including the name of your agency: “FY 23‐ 24_Letter of Intent_Murrieta Police Department.” Upon receipt of this information, the Department will provide your agency with additional documents for execution/use (e.g., 367

October 11, 2023

Memorandum of Understanding, Grantee Handbook, etc.). These documents will contain more information about the process for reimbursement and other important details. Activities for reimbursement under this grant may commence November 1, 2023.

Should you have any questions regarding this letter or the required follow up information, please em
ail [email protected].

Sincerely,

STACY HEINSEN
Manager, Tobacco Grant Program

For  ROB BONTA
Attorney General

Attachments:

Letter of Intent
Summary of Award
Budget Detail
368
369
370
371
372
373
374
375

CITY OF MURRIETA
City Council Meeting Agenda
Report
2/6/2024
Agenda Item No. 8.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Bob Moehling, Director of Public Works
PREPARED BY: Renée Santos, Administrative Assistant - Engineering SUBJECT: Acceptance of Public Improvements in Parcel Map 37442

RECOMMENDATION
Accept the Public Improvements in Parcel Map 37442 located east of Antelope Road, south of Baxter Road; and
Direct the Department of Public Works to perform continued maintenance on the aforementioned public improvements in conformity with the City of Murrieta’s maintenance standard.

PRIOR ACTION/VOTE
None.

CITY COUNCIL GOAL
Plan, program and create infrastructure development.

BACKGROUND
On December 27, 2019, the City of Murrieta entered into an agreement with Makena Murrieta, LLC, for them to construct certain public improvements within Parcel Map (PM) 37442. PM 37442 is a subdivision of 5.68 acres with a development plan to construct a 60,600 square foot medical office building, located east of Antelope Road, south of Baxter Road.

The public improvements, which included street paving, curb and gutter, sidewalk, drive approaches, and a storm drain system within PM 37442, have now been completed. The improvements were inspected by qualified City personnel within the Department of Public Works under the direction of the City Engineer who has determined that the public improvements are satisfactory and have been completed in compliance with applicable City standards and regulations.

The City Council has determined that it is in the City’sbest interest to maintain such public improvements through regular upkeep to ensure conformity with City maintenance standards. Therefore, the Department of Public Works will provide continued maintenance of the aforementioned public improvements.

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Agenda Item No. 8.

FISCAL IMPACT
The City will be responsible for ongoing maintenance of the public improvements. The annual cost to maintain these improvements will be covered in the Public Works Maintenance biennial operating budget.

ATTACHMENTS

1. Vicinity Map 37442
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215
ANTELO
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A ST

BAXTER RD

SOMERS RD
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AVETRIPLE C RANCH RD

MCELWAIN RD
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DAMSEL ST

COTTAGE WAY
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DESERT VARNISH WAY
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CITY OF MURRIETA
City Council Meeting Agenda
Report
2/6/2024
Agenda Item No. 9.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Bob Moehling, Director of Public Works
PREPARED BY: James Ozouf, Senior Civil Engineer
SUBJECT: Notice of Completion of Murrieta Hot Springs Road and Hancock Avenue Pavement Rehabilitation Project, and Murrieta Hot Springs Road and Madison Avenue Median Improvement Project

RECOMMENDATION
Accept the improvements for the Murrieta Hot Springs Road and Hancock Avenue Pavement Rehabilitation project, Capital Improvement Plan (CIP) No. 8043, as complete; Accept the improvements for the Murrieta Hot Springs Road and Madison Avenue Median Improvement project, CIP No. 13028, as complete; and
Direct the City Clerk to record a Notice of Completion and release bonds in accordance with State law and City ordinances; and release any remaining retention from CIP No. 8043 and CIP No. 13028 in accordance with State law and City ordinances.

PRIOR ACTION/VOTE
On September 6, 2022, the City Council adopted Resolution No. 22-4613, awarding the Contract for the construction of the Murrieta Hot Springs Road and Hancock Avenue Rehabilitation project, CIP No. 8043 to the lowest responsible bidder, All American Asphalt in the amount of $3,731,101.00 (Vote: 5-0).

On August 15, 2023, the City Council conducted a public hearing and adopted Resolution No. 23-4699, approving the Fiscal Year 2023/24 to Fiscal Year 2027/28 CIP budget, which included the Murrieta Hot Springs Road and Hancock Avenue Pavement Rehabilitation Project, CIP No. 8043; and the Murrieta Hot Springs Road and Madison Avenue Median Improvement Project, CIP No. 13028 (Vote: 5-0).

CITY COUNCIL GOAL
Plan, program and create infrastructure development.

BACKGROUND
On September 6, 2022, City Council awarded a contract to All American Asphalt for the construction of the Murrieta Hot Springs Road and Hancock Avenue Rehabilitation projects, CIP 8043 and the Murrieta Hot Springs Road Median Improvement project, CIP No. 13028. Construction began on September 12, 2022, and was substantially completed in February 2023. The remaining work items were recently completed as of CITY OF MURRIETA Printed on 2/1/2024Page 1 of 2
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Agenda Item No. 9.
was substantially completed in February 2023. The remaining work items were recently completed as of November 15, 2023.

The construction for CIP No. 8043 included pavement rehabilitation of Murrieta Hot Springs Road from Madison Avenue to the I-215 N/B offramp and on Hancock Avenue from Las Brisas Road south to Murrieta Hot Springs Road. Rehabilitation on Murrieta Hot Springs Road included full removal and replacement of asphalt in failed areas, a cold mill grind of the entire roadway, and a rubberized hot mix asphalt overlay.

Rehabilitation on Hancock Avenue included full removal and replacement of asphalt in failed areas followed by a rubberized hot mix asphalt overlay. Rehabilitation on Juniper Street and Franklin Avenue included removal and replacement of curb and gutter and asphalt in failed areas, minor drainage improvements, and capping the streets with hot mix asphalt. Rehabilitation on Jackson Avenue included removal and replacement of asphalt pavement in failed areas near the Warm Springs Creek bridge. Other work included curb ramp upgrades, detector loop replacements, and pavement striping.

The construction for CIP No. 13028 extended the northern and eastern left turn pockets and added a raised median with brick pavers at the western leg of the Murrieta Hot Springs Road and Madison Avenue intersection, as well as minor asphalt rehabilitation and striping.

Staff is currently negotiating a final contract change order based on actual quantities installed that address unforeseen conditions and additional work not originally included in the contract. Final payment is pending, but it is anticipated that the project will close out at approximately 2.4% over the original contract amount.

City departments have inspected the improvements and found them to be satisfactory. Staff recommends formal acceptance by the City Council.

FISCAL IMPACT
The total anticipated construction costs of $3,820,791 were provided from SB1 Road Maintenance and Rehabilitation (RMRA) funds, Measure A funds, Developer Bond Funds and Grant Funds in CIP No. 8043, and Gas Tax Funds in CIP No. 13028.

ATTACHMENTS

1. Notice of Completion

2. Vicinity Map
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RECORDING REQUESTED BY: City of Murrieta No Fee Per Government Code 27383 When recorded return to:

City of Murrieta
Attn: City Clerk
1 Town Square
Murrieta, CA 92562

Space above for Recorder’s Use

NOTICE OF COMPLETION
Construction of
Murrieta Hot Springs Road and Hancock Avenue Pavement Rehabilitation Project, CIP No. 8043 and Murrieta Hot Springs Road and Madison Avenue Median Improvements, CIP No. 13028

Notice is hereby given that:

1) The undersigned is owner of the interest or estate stated below in the property hereinafter described.
2) The full name of the undersigned is City of Murrieta, a municipal corporation. 3) The full address of the undersigned is 1 Town Square, Murrieta, CA 92562. 4) The nature of the title of the undersigned is: In Easement. 5) A work of improvement on the described property was substantially completed on November 15th, 2023.
6) The name of the contractor for such work of improvement is All American Asphalt.

The property on which said work of improvement was completed is in the City of Murrieta, County of Riverside, State of California, and is described as follows: Murrieta Hot Springs Road and Hancock Avenue Pavement Rehabilitation Project, CIP No. 8043; and Murrieta Hot Springs Road and Madison Avenue Median Improvements, CIP 13028. 7) The street address of said project is Murrieta Hot Springs Road between Madison Avenue and the I-215 N/ B offramp , Hancock Avenue between Las Brisas Road South and Murrieta Hot Springs Road, Juniper Street between Berlie Street and Franklin Av e, Franklin Avenue, and Jackson Avenue over the Warm Springs Creek overpass near Elm Street; and M adison Avenue from Murrieta Hot Springs R oad to five hundred feet north, south, east and west in each direction of the intersection.

CITY OF MURRIETA

______________________________
Robert K. Moehling, Director of Public Works

VERIFICATION OF CITY CLERK
I, the undersigned, say:

I am the City Clerk of the City of Murrieta; the City Council of said City on __________________, 20____, accepted the above described work as completed and ordered that a Notice of Completion be filed.

I declare under penalty of perjury that the foregoing is true and correct.

Executed on ________________, 20____, at Murrieta, California.

381

CITY OF MURRIETA

______________________________
City Clerk
382

MURRIETA HOT SPRINGS RD
§¨¦
215
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15 §¨¦
15 FRANKLIN AVEJUNIPER ST

MADISON AVE

LOS ALAMOS RD

JEFFERSON AVE

ADAMS AVE
FIG ST

MONROE AVE

HANCOCK AVE

GUAVA ST

JACKSON AVE

MURRIETA HOT SPRINGS RD

LINCOLN AVE

WHITEWOODRD

ALTA MURRIETA DR
W
ASH

INGTON AVE
ELM ST

LAS BRISAS
RD

GUAVA ST

MONROEAVE
Pavement Rehabilitation for Murrieta Hot Springs Road
& Hancock Ave (CIP 8043)
Murrieta Hot Springs Road & Madison Avenue
Median Enhancement Project (CIP 13028)
8/16/2022
CIP 8043
CIP 13028Vicinity Map
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CITY OF MURRIETA
City Council Meeting Agenda
Report
2/6/2024
Agenda Item No. 10.

TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: Bernard Molloy, Fire Chief
SUBJECT: Update on Efforts to Improve Insurance Rates for Murrieta Residents

RECOMMENDATION
Receive and file.

PRIOR ACTION/VOTE
None.

CITY COUNCIL GOAL
Provide a high level of innovative public safety.

BACKGROUND
In 1988, Proposition 103 established California Insurance Code Sections 1861.01-1861.16 found in Title 10 of the California Code of Regulations. These codes allow for a competitive rating system to permit insurance rates to be set based on risk factors as well as the specific territories where the insurance is issued. Over the past two years, there has been a significant increase in the number of property owners having their homeowner’sinsurance non-renewed, with the reasoning provided being the insured properties’nearby risk of wildfire. This problem, being seen all over California, elicited a response from the California Insurance Commissioner to try to resolve this issue.

On February 3, 2023, the California Insurance Commissioner released a plan to put in place a framework that would consider wildfire mitigation efforts taken by the homeowners and local jurisdictions when being issued insurance. This framework, known as the Safer from Wildfires plan, has a list of steps homeowners can take to prepare their homes for fire, most of which involve home hardening. Insurance companies were given 180 days to comply with this new direction. On September 23, 2023, the Governor signed Executive Order (N-13- 23) requiring insurance companies to write no less than 85% of their state-wide market share in distressed areas to remove residents from the California FAIR plan, which was previously established to assist homeowners that are unable to find insurance in the traditional marketplace. This initiative also required recognition and home hardening credits as outlined in the Safer from Wildfires plan. The press release accompanying the Executive Order contained language making it clear that residential insurance rates would rise. Within the weeks following this new Executive Order, many major insurance agencies elected to pause or suspend new policies in California, leaving only five of the previous top 12 insurance companies writing CITY OF MURRIETA Printed on 2/1/2024Page 1 of 2
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Agenda Item No. 10.
policies in the state, with many of them stating rate increases will occur at the time of policy renewals.

Fire departments and local jurisdictions have limited actions they can take to assist in decreasing insurance rates for their residents. If the Safer from Wildfire framework is followed, there are only three actions Murrieta can take to assist in lowering rates: robust defensible space enforcement, assisting with neighborhoods becoming officially designated as “Firewise” communities, and applying for recognition as a “Fire Risk Reduction Community” through the California Board of Foresters. Murrieta Fire & Rescue (MFR) has addressed all these steps and is actively watching to see how this will impact insurance rates in Murrieta.

MFR will continue to monitor this situation and aggressively pursue opportunities to improve residents' rates.

FISCAL IMPACT
None.

ATTACHMENTS
None.

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Update on Efforts to Improve
Insurance Rates for Murrieta Residents
Using Wildfire Preparedness to help you secure the
best possible insurance rates in Murrieta
2-2024
Received After Agenda Printed
2/06/2024 - Regular Meeting
Item 10 - Staff Presentation
386
01 Understanding Fire Insurance
387
3 Insurance Regulations
Heavily Regulated Industry
• Prop 103 in 1988 established California Insurance
Code Sections 1861.01-1861.16 (Title 10 of the CCR)
• Competitive Rating System (1861.02-1861.09):

Allows insurers flexibility in setting rates based on
risk factors, potentially lowering rates for low-risk
individuals but raising them for high-risk groups.
• Territorial Rating and Filing of Rates (1861.13-
1861.16): Give insurers some leeway in setting rates
based on location and risk, leading to variations for
different areas and individuals.
388
4 • The Safer from Wildfires initiative is a
list of home hardening and fire
preparation steps a homeowner can
take, which is supposed to bring
them reduced premiums, but we
have not seen this executed yet.

Recent Fire Insurance actions
February 3, 2023, Insurance Commissioner Ricardo Lara
released Bulletin 2023-2
Updates Title 10 of the California Code of Regulations
Insurance plans will be required to have a rate plan that takes into account individual home wildfire mitigation.

Gave insurance agencies 180 days to comply and submit
a new rate plan
Based the wildfire mitigation on the Safer for Wildfires initiative
389
5 • 9/23/2023 Executive Order N-13-23
issued – New Insurance Regulatory
Actions. Signed by Governor Newsom.
• Requires insurance agencies to write no
less than 85% of their statewide market
share in distressed areas (It is likely this
would pull people out of the fair plan
because they will have insurance
available to them in the free market)
• Recognize Mitigation and Hardening
requirements to appropriately price
plan. (Utilize the Safer From Wildfires
home hardening regulations)
Recent Fire Insurance actions
• In the press release from the state for
this new Executive Order is the
following:
• “Insurance companies will not write in
high-risk areas unless they can cover
100% of consumer claims their
expenses, and make a fair return”
• This is laying the groundwork
for increased insurance
premiums on residential
properties.
390
6 State of Residential Fire Insurance
7 of the top 12 insurance agencies in California have paused or suspended writing policies for new properties
People are being forced into the FAIR plan, which should be a last resort, not a first resort.

There is little to no communication from the Insurance commission or agencies to local fire departments.

Anticipate Insurance rates to increase as commercial real estate insurance has already There is no measure of current fire code
enforcement carried out by local fire agencies.

MFR completed 14,000 Defensible space inspections last year, and it had 0 impact on insurance for the residents.
391
02 What is coming?
392
8 Safer From Wildfires
Initiative to have homeowners take mitigation
steps to lower their risk
• Safer from Wildfires is a ground-up approach to
wildfire resilience with three layers of
protection — for the structure, the immediate
surroundings, and the community. Following
these achievable steps can help you save
money on your insurance.
• To date, we have not seen how this will impact
rates.
393
394
10 Wildfire Mitigation
Score – Core Logic
Standardizing the measurement of risk on a
parcel level
• The Wildfire Mitigation Score is a deterministic
wildfire model, which is both comprehensive and
granular. Wildfire Mitigation Score was built off the
widely accepted Wildfire Risk Score model, while
also utilizing the full simulation U.S. Wildfire
probabilistic model to validate the relativities
associated with each of the mandatory mitigation
factors.
• It is a 0.1-100 risk score to allow for easy
integration into existing workflows, with
supplemental information for use in underwriting
guidelines.
• Will at least set a standard measuring stick to
assess risk
395
Utilizes AI and comprehensive data sets to model risk 396 03 What can Murrieta do to
help lower insurance rates?
Unfortunately… not much.
397
Fire Department ability to help
Fire Departments can only do two things under the Safer From Wildfires Initiative to help residents lower their insurance rates:

1. Assists Neighborhoods to become Fire Wise Communities

2. Be recognized as a Fire Risk Reduction Community by the Board of Foresters
* Robust enforcement of Defensible Space is likely also to improve insurance rates
398
14 Firewise
Communities
Residents Reducing Wildfire Risk
• Firewise USA® is a voluntary
recognition program that provides a
framework to help neighbors get
organized, find direction, and take
action to increase the ignition
resistance of their homes and
communities from wildfire.
• Formation requires at least 8 and up to
2,500 homes.
• Managed by NFPA – MFR can help our
communities with this process.
399
15 Fire Risk Reduction Community
• Cities can apply to be identified as a
Safer From Wildfire Community as
outlined in Public Resource Code
Section 4290.1.
• Reserved for communities that meet
the best practices for local fire
planning.
• Application period is now
open. MFR is in the approval
process.
400
04 Defensible Space in Murrieta
401
17 35.4 square miles
119,182 population
Murrieta
402
MFR inspected over 14,000 properties in Murrieta to ensure DSI compliance 403
19 ZONE 0:

Established by AB 3074 in 2020 Zone 0
establishes an Ember Resistant Zone
*applies to the VHFSZ only in LRA
Zone 0: The Ember-Resistant Zone (0-5 feet from your home) • This zone should be free of all flammable
materials, including vegetation, mulch, and debris.
• You can use hardscaping, such as gravel or pavers, in this zone.
• Trim tree branches away from your home and roof.

Zone 1: The Immediate Zone (5-30 feet from your home)
• This zone should be dominated by low-growing, fire-
resistant plants.
• Remove dead leaves, pine needles, and other debris
from this zone.
• Space trees out so that their crowns do not touch.
404
05 Questions?
405

CITY OF MURRIETA
City Council Meeting Agenda
Report
2/6/2024
Agenda Item No.

Subject:

Received After Agenda Printed - GBA
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MURRIETA CITY COUNCIL
Governing Body Announcements:

Mayor Pro Tem Warren
February 6, 2024
Received After Agenda Printed
2/6/2024 - Regular Meeting
Presentation (GBA)
407
Governing Body Announcements:

Mayor Pro Tem Warren
[email protected]
January 17, 2024 Attended the 100 Women Who Care Quarterly Giving Meeting.

January 18, 2024 Attended the Murrieta/Wildomar Chamber’s Mega Mixer.

January 19, 2024 Hosted the Cyber Security / Health & Wellness Meeting at the Knolls Community.

January 19, 2024 Attended the Murrieta Fire Rescue Stairclimbing & Fill the Boot Fundraiser supporting Leukemia/Lymphoma Research.

January 22, 2024 Attended The Knolls Ladies Society Luncheon. Mayor Stone updated the community on everything Murrieta.

January 23, 2024 Attended Coffee with the City.

January 23, 2024 Attended a dedication honoring a Murrieta Citizen in District 5.

January 27, 2024 Attended the 1
st Annual Best of Inland Empire Awards Gala.
408
Governing Body Announcements:

Mayor Pro Tem Warren
[email protected]
January 31, 2024 Attended the Murrieta Hot Springs Resort Ribbon Cutting Ceremony.

February 1, 2024 Attended the Professional Women’s Roundtable General Meeting.

February 1, 2024 Met with Mayor Stone, Staff, and Mr. Saiz to learn about the Favors for Neighbors non- profit organization.

February 2, 2024 Attended the Murrieta Temecula Group Meeting – Guest Speaker Riverside County DA – Mr. Mike Hestrin.

February 2, 2024 Attended the 13th Annual Justice Matters Dinner. 409

MURRIETA CITY COUNCIL
Governing Body Announcements:

Mayor Stone
February 6, 2024
Received After Agenda Printed
2/6/2024 - Regular Meeting
Presentation (GBA)
410
Governing Body Announcements:

Mayor Stone
[email protected]
Various Dates
Attended the Mount San Jacinto College Dr. Martin Luther King Jr. Breakfast.

Attended the 100 Women event.

Attended the Student of the Month program.

Did a video for the first Chamber breakfast mixer.

Attended the Mega Mixer.

Met with Patrick Ellis, President/CEO of the Murrieta/Wildomar Chambers of Commerce.

Attended the Fire Fighters Fill A Boot campaign.

Gave a State of the City to Golf Knolls Women’s Club.

Attended the Cal Cities Mayors & Council Conference.

Attended the 1st Annual Inland Empire Magazine Awards Dinner. 411
Governing Body Announcements:

Mayor Stone
[email protected]
Various Dates
Attended the Historic Society.

Attended the Murrieta Hot Springs ribbon cutting ceremony.

Attended the 4th District Homeless Symposium.

Met with Favors for Neighbors.

Attended the Murrieta Temecula Group monthly breakfast.

Attended the 20th Anniversary of Kim Gerish with Michelle’s Place.

Attended the Justice Matters Dinner.
412

MURRIETA CITY COUNCIL
Governing Body Announcements:

Council Member Holliday
February 6, 2024
Received After Agenda Printed
2/6/2024 - Regular Meeting
Presentation (GBA)
413
Governing Body Announcements:

Council Member Holliday
[email protected]
January 18, 2024 Visited all the vendors at the All Chamber Mega Mixer at the Lake Elsinore Storm.

January 27, 2024 Represented Murrieta, along with Mayor Stone and Mayor Pro Tem Warren, accepting the Best City Award from the Inland Empire Magazine.

January 31, 2024 Judged the Rotary's Marsha Hall Brown Memorial Speech Contest along with Police Chief Tony Conrad and Fire Chief Bernie Molloy.

February 2, 2024 Celebrated with Kim Gerrish for her 20 years of service with Michelle's Place.

February 3, 2024 Attended the 12th Annual Justice Matters Dinner as they continue their fight against human trafficking.
414

MURRIETA CITY COUNCIL
Governing Body Announcements:

Council Member DeForest
February 6, 2024
Received After Agenda Printed
2/6/2024 - Regular Meeting
Presentation (GBA)
415
Governing Body Announcements:

Council Member DeForest
[email protected]
January 19, 2024 Attended the Murrieta Temecula Group Holiday Party in January.

January 19, 2024 Attended the Murrieta Fire Stair Climb for Lymphoma and Leukemia.

January 23, 2024 Attended lunch with Mark Cooper.

January 24, 2024 Attended lunch with Roger Shultz, Mount San Jacinto College.

January 27, 2024 Visited the Waste and Shred event at City Hall. 416
Governing Body Announcements:

Council Member DeForest
[email protected]
January 31, 2024 Attended the ribbon cutting for the Murrieta Hot Springs Resort.

February 1, 2024 Spent the night at the Murrieta Hot Springs Resort, first to spend the night at the newly renovated resort.
417
Governing Body Announcements:

Council Member DeForest
[email protected]
If you need to reach me, please feel free to contact
me via email at [email protected]
or for faster response call or text me at
(951) 323-8497
418

CITY OF MURRIETA
City Council Meeting Agenda
Report
2/6/2024
Agenda Item No.

Subject:

Received After Agenda Printed - Adjournment
CITY OF MURRIETA Printed on 4/12/2024Page 1 of 1
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419
Mayor Stone - Adjournment
February 6, 2024
"Unity is strength. . . when there is teamwork,
communication and collaboration, wonderful
things can be achieved.”
— Mattie Stepanek
Received After Agenda Printed
2/6/2024 - Regular Meeting
Adjournment
420
Mayor Stone - Adjournment
February 6, 2024
"Unity is strength. . . when there is teamwork,
communication and collaboration, wonderful
things can be achieved.”
— Mattie Stepanek
(An American poet who published books of poetry and peace essays. Before his death at age of 13 he was known as a peace advocate and motivational speaker. )
421