Agenda packet — Palm Springs City Council, March 14, 2024 (part 1 of 5)

CITY COUNCIL

AND AS SUCCESSOR AGENCY TO THE

COMMUNITY REDEVELOPMENT AGENCY OF THE

CITY OF PALM SPRINGS, CALIFORNIA
Council Chamber, City Hall
3200 E. Tahquitz Canyon Way, Palm Springs, CA 92262
www.palmspringsca.gov

REGULAR MEETING AGENDA

MARCH 14, 2024

4:00 PM CLOSED SESSION
5:30 PM REGULAR MEETING
Jeffrey Bernstein, Mayor
Ron deHarte, Mayor Pro Tem
Grace Elena Garner, Councilmember
Christy Gilbert Holstege, Councilmember
Lisa Middleton, Councilmember

City of Palm Springs Mission Statement: Palm Springs is an inclusive world-class city dedicated to providing excellent and responsive public services to enhance the quality of life for current and future generations.

Pursuant to Assembly Bill 557 -
To view/listen/participate in the meeting live, please contact the City Clerk at [email protected] or the following telephone number (760) 323-8204 to register for the Zoom meeting. There will be an email with Zoom credentials sent after registration is complete, in order to access the meeting and offer public comment. Any person who wishes to provide public testimony for an item on the agenda is requested to file a speaker card before the Public Testimony portion of the meeting.

You may submit your public comment to the City Council electronically. Materials may be emailed to [email protected]. Transmittal prior to the start of the meeting will help ensure that your correspondence is fully considered. Any correspondence received during or after the meeting will be distributed to the City Council and retained for the official record. View the City Council meeting live at the City’s website www.palmspringsca.gov/psctv, YouTube, or Channel 17 (Spectrum).

Please note any agenda item which has not been initiated by 11:00 p.m. may be continued to a subsequent meeting.

At approximately 10:00 p.m., the City Council will determine the number of speakers who wish to address the City Council during Public Comment for non-Agenda Items and determine which agenda items will be considered before the 11:00 p.m. Adjournment time.

AGENDA EN ESPAÑOL DISPONIBLE EL LUNES - HAGA CLIC AQUÍ

4:00 P.M. CLOSED SESSION

CALL TO ORDER:

PUBLIC COMMENT FOR CLOSED SESSION ITEMS ONLY: The City Council welcomes public input. Members of the public may address the City Council on Closed Session items by contacting the City Clerk's Office at 760-323-8204. Pursuant to State Law, the City Council may not discuss or take action on issues not on the meeting agenda (Government Code Section 54954.2). If you are compensated to communicate with City officials, you may be required to register and/or make certain disclosures as a lobbyist. Please see the City Clerk for additional information.

RECESS TO CLOSED SESSION: See Closed Session Agenda.

March 14, 2024 City Council Regular Meeting Agenda 2

5:30 P.M. REGULAR MEETING

CALL TO ORDER:

PLEDGE OF ALLEGIANCE:

ROLL CALL:

PRESENTATIONS:

A. PRESENTATIONS, PROCLAMATIONS, AND OTHER NOTICES

ACCEPTANCE OF THE AGENDA: The City Council will discuss the order of the agenda, may amend the order, add urgency items, note abstentions or "no" votes on Consent Calendar items, and request Consent Calendar items be removed from the Consent Calendar for discussion.

The City Council may also remove items from the Consent Calendar prior to that portion of the Agenda.

REPORT OF CLOSED SESSION:

PUBLIC TESTIMONY: (Non-Public Hearing Agenda Items ONLY) This time has been set aside for members of the public to address the City Council only on agenda items. Two (2) minutes will be assigned to each speaker. Testimony for Public Hearings will only be taken at the time of the hearing, and General Public Comments, non-agenda items, will be taken later in the meeting.

1. CONSENT CALENDAR:

The following routine matters may be acted upon by one motion. Individual items may be removed by the Council for separate discussion at this time or under Acceptance of the Agenda. The ordinance title is deemed to be read in its entirety and further reading waived on any ordinance listed on the Consent Calendar.

A. APPROVAL OF MINUTES
RECOMMENDATION:

Approve the City Council Meeting Minutes of February 29, 2024.

B. AWARD COOPERATIVE PURCHASE AGREEMENT NO. 24C053 FOR AGENDA March 14, 2024 City Council Regular Meeting Agenda 3
B. AWARD COOPERATIVE PURCHASE AGREEMENT NO. 24C053 FOR AGENDA

MANAGEMENT SOFTWARE
RECOMMENDATION(S):

Award a five-year cooperative purchase agreement with Carahsoft Technology Corp. to provide agenda management software for an amount of $171,705.14 for the five-year term.

1. Authorize the City Manager or designee to execute the agreement. 2.

C. ACCEPTANCE OF A RESIGNATION FROM THE ADMINISTRATIVE APPEALS BOARD
RECOMMENDATION:

Accept the resignation of Michael Paonessa from the Administrative Appeals Board effective immediately.

D. APPROVAL OF PAYROLL WARRANTS, CLAIMS AND DEMANDS
RECOMMENDATION:

Adopt a resolution entitled "A RESOLUTION OF THE CITY COUNCIL OF THE

CITY OF PALM SPRINGS, CALIFORNIA, APPROVING PAYMENT OF PAYROLL WARRANTS/DISBURSEMENTS FOR THE PERIOD ENDING 02-03-24 AND 02-17-24 TOTALING $4,705,161.37 AND ACCOUNTS PAYABLE WARRANTS DATED 02-01-24 AND 02-15-24 TOTALING $11,684,755.79, IN THE AGGREGATE AMOUNT OF $16,389,917.16, DRAWN ON BANK OF AMERICA."

E. TREASURER’S INVESTMENT REPORT AS OF JANUARY 31, 2024 RECOMMENDATION:

Receive and File the Treasurer’s Investment Report.

F. QUITCLAIM OF RESTRICTIVE COVENANT BURDENING LOTS 1-3, 62, AND LOT 63 WITHIN RECORDED PARCEL MAP NO. 20820, MB 166, PGS 70-71 (ENG FILE R 23-07-63695)
RECOMMENDATION(S):

1. Adopt Resolution entitled, “QUITCLAIMING THE “NO RIGHTS OF ACCESS” RESTRICTIVE COVENANT OVER A PORTION OF 20TH AVENUE, SHOWN AS LOT “A” WITHIN RECORDED PARCEL MAP NO. 20820, MB 166, PGS 70-71 (ENG FILE R 23-07-63695), AND APPROVING A DETERMINATION THAT THE

ACTION IS EXEMPT FROM THE CALIFORNIA ENVIRONMENTAL QUALITY ACT (CEQA).”

2. Direct the City Clerk to complete processing of the attached Quitclaim of Restrictive Covenant and cause it to be recorded with the Riverside County Recorder.

March 14, 2024 City Council Regular Meeting Agenda 4

3. Authorize the City Manager to execute all necessary documents associated with Resolution.

G. A REQUEST BY THE RESPECTIVE OWNERS OF 1850 SMOKE TREE LANE (HSPB 148), 239 TWIN PALMS DRIVE (HD-2), AND 1177 EAST MESQUITE AVENUE (HSPB 144) FOR APPROVAL OF MILLS ACT HISTORIC PROPERTY

PRESERVATION AGREEMENTS
RECOMMENDATION(S):

Approve a Mills Act Historic Property Preservation Agreement between the City of Palm Springs and the owners of the following list of properties:
1850 Smoke Tree Lane (aka 1800 S. Sunrise Way). APN: 510-104-002, 510-104-006
A.
239 Twin Palms Drive (Royal Hawaiian Estates). APN: 511-070-016B. 1177 E. Mesquite Avenue. APN: 508-380-022C.

1. Authorize the City Manager to execute the Agreements.2.

Direct the City Clerk to record the Agreements with the County of Riverside.3.

H. ACCEPTANCE OF ARNICO PHASE 4 SEWER IMPROVEMENTS, CITY PROJECT 21-17
RECOMMENDATION(S):

Accept the public works improvement identified as Arnico Phase 4 Sewer Improvements, City Project 21-17 (“Project”), as completed in accordance with the plans and specifications; and

1. Authorize the City Engineer to execute and file for recordation with the Riverside County Recorder a Notice of Completion for Arnico Phase 4 Sewer Improvements, City Project 21-17.

2. I. APPROVE CONTRACT SERVICES AGREEMENT NO. 24S046 WITH ARCONAS INC. FOR THE PURCHASE AND INSTALLATION OF PASSENGER SEATING

AT THE PALM SPRINGS INTERNATIONAL AIRPORT
RECOMMENDATION(S):

Approve Contract Services Agreement No. 24S046 with Arconas Inc. for the purchase and installation of passenger seating at the Palm Springs International Airport in an amount not to exceed $232,846.71 for a one-year term.

1. Authorize the City Manager or designee to execute all necessary documents.2.

March 14, 2024 City Council Regular Meeting Agenda 5

J. APPROVE AMENDMENT NO. 2 TO AGREEMENT A9145 WITH MOHAWK COMMERCIAL, INC., FOR SYSTEMWIDE FLOORING AND INSTALLATION

SERVICES
RECOMMENDATION(S):

Approve Amendment No. 2 to Agreement A9145 with Mohawk Commercial, Inc., to provide systemwide flooring and installation services for an additional amount of $160,000 for a total revised contract amount not to exceed $460,000 through June 14, 2025.

1. Authorize the City Manager or designee to execute all necessary documents.2.

K. APPROVE AMENDMENT NO. 3 TO AGREEMENT A9082 WITH UNITED RENTALS (NORTH AMERICA), INC., FOR EQUIPMENT RENTAL SERVICES RECOMMENDATION(S):

Approve Amendment No. 3 to Agreement A9082 with United Rentals (North America), Inc., to equipment rental services for an additional amount of $100,000 for a total revised contract amount not to exceed $400,000 through August 27, 2024.

1. Authorize the City Manager or designee to execute all necessary documents.2.

L. APPROVE AMENDMENT NO. 1 TO AGREEMENT A9079 WITH AJ FISTES

CORPORATION FOR PAINTING AND WALLCOVERING SERVICES
RECOMMENDATION(S):

Approve Amendment No. 1 to Agreement A9079 with AJ Fistes Corporation, to provide painting and wallcovering services for an additional amount of $100,000, for a total revised contract amount not to exceed $400,000 through April 10, 2025.

1. Authorize the City Manager or designee to execute all necessary documents.2.

M. APPROVE AMENDMENT NO. 1 TO AGREEMENT A9241 WITH J & L AUTO BODY, INC., FOR AUTO BODY REPAIR SERVICES
RECOMMENDATION(S):

Approve Amendment No. 1 to Agreement A9241 with J & L Auto Body, Inc., to provide auto body repair services for an additional amount of $100,000 for a total revised contract amount not to exceed $400,000 through October 26, 2025.

1. Authorize the City Manager or designee to execute all necessary documents.2.

N. FUNDING AGREEMENT BETWEEN THE CITY OF PALM SPRINGS AND DAP March 14, 2024 City Council Regular Meeting Agenda 6
N. FUNDING AGREEMENT BETWEEN THE CITY OF PALM SPRINGS AND DAP HEALTH
RECOMMENDATION:

Approve the Funding Agreement with DAP Health for $1 million.

O. SECOND READING AND ADOPTION OF AN ORDINANCE OF THE CITY OF

PALM SPRINGS, CALIFORNIA, AMENDING THE PALM SPRINGS MUNICIPAL

CODE TO PROVIDE THAT CANNABIS DISPENSARY BUSINESS PERMIT

APPLICATIONS WILL NOT BE ACCEPTED, PROCESSED OR APPROVED BY THE CITY BETWEEN JANUARY 1, 2024, AND DECEMBER 31, 2027 RECOMMENDATION:

Waive the second reading of the text in its entirety, read by title only, and adopt Ordinance entitled, “AN ORDINANCE OF THE CITY OF PALM SPRINGS,

CALIFORNIA, AMENDING THE PALM SPRINGS MUNICIPAL CODE TO

PROVIDE THAT CANNABIS DISPENSARY BUSINESS PERMIT APPLICATIONS

WILL NOT BE ACCEPTED, PROCESSED OR APPROVED BY THE CITY, BETWEEN JANUARY 1, 2024, AND DECEMBER 31, 2027.”

EXCLUDED CONSENT CALENDAR: Items removed from the Consent Calendar for separate discussion are considered at this time.

2. PUBLIC HEARINGS:

A. A REQUEST BY DTPS B-3, LLC FOR A DEVELOPMENT AGREEMENT RELATED TO AN APPROVED MIXED-USE DEVELOPMENT INVOLVING 45

RESIDENTIAL CONDOMINIUM UNITS AND RETAIL ON BLOCK B OF THE

DOWNTOWN PALM SPRINGS SPECIFIC PLAN AT THE NORTHEAST
CORNER OF BELARDO ROAD AND MUSEUM WAY; 200 NORTH BELARDO ROAD, ZONE CBD (CASE DA-2023-0008)
RECOMMENDATION(S):

Open the Public Hearing and receive public testimony.1.

Waive the reading of the text in its entirety, and introduce for first reading an ordinance entitled, “AN ORDINANCE OF THE CITY COUNCIL OF THE CITY

OF PALM SPRINGS, CALIFORNIA, APPROVING A DEVELOPMENT
AGREEMENT WITH DTPS B-3, LLC, A CALIFORNIA LIMITED LIABILITY

COMPANY, RELATED TO THE ENTITLEMENTS FOR A MIXED-USE
DEVELOPMENT INVOLVING 45 RESIDENTIAL CONDOMINIUM UNITS

AND RETAIL ON BLOCK B OF THE DOWNTOWN PALM SPRINGS

SPECIFIC PLAN AT THE NORTHEAST CORNER OF BELARDO ROAD
AND MUSEUM WAY; 200 NORTH BELARDO ROAD.”

2. March 14, 2024 City Council Regular Meeting Agenda 7

3. BUSINESS & LEGISLATIVE:

A. FISCAL YEAR 2022-2023 FINANCIAL AUDIT REPORTS OF THE CITY OF

PALM SPRINGS
RECOMMENDATION(S):

Receive and file the following Financial Audit Reports for fiscal year June 30, 2022:

Annual Comprehensive Financial Report (ACFR)
Audit Communication Letter to the City Council
Passenger Facility Charge (PFC) Report
Housing Successor Audit Communication letter to the City Council Public Financing Authority Financial Statements
Independent Accountant’s Agreed Upon Procedures to Appropriations (GANN)
Measure D Independent Accountant’s Agreed Upon Procedures Measure A Independent Accountant’s Agreed Upon Procedures (Conrad CPA Firm)

B. GENERAL FUND, CAPITAL, AND AIRPORT MID-YEAR FISCAL YEAR 2023-24

BUDGET UPDATE
RECOMMENDATION:

Receive and File.

C. APPROVAL OF A PROFESSIONAL SERVICES AGREEMENT TO UNDERTAKE

A COMPREHENSIVE UPDATE TO THE COLLEGE PARK SPECIFIC PLAN AND

ASSOCIATED ENVIRONMENTAL REVIEW
RECOMMENDATION(S):

Authorize a Professional Services Agreement with Terra Nova Planning & Research, Inc., in the amount of $246,890 for professional services to amend the College Park Specific Plan and for associated environmental assessment services; and

1. Adopt a Resolution entitled, “A RESOLUTION OF THE CITY COUNCIL OF

THE CITY OF PALM SPRINGS, CALIFORNIA, AMENDING THE BUDGET FOR FISCAL YEAR 2023-24, APPROPRIATING A TOTAL OF $246,890 FROM THE CITY’S SPECIAL PROJECT FUND 160 FOR PROFESSIONAL

SERVICES FOR AMENDMENTS TO THE COLLEGE PARK SPECIFIC
PLAN AND ASSOCIATED ENVIRONMENTAL REVIEW SERVICES.”

2. Authorize the City Manager to execute all necessary documents.3.

D. ADOPT A RESOLUTION APPROVING MAXIMUM RATES THAT TOW SERVICE March 14, 2024 City Council Regular Meeting Agenda 8
D. ADOPT A RESOLUTION APPROVING MAXIMUM RATES THAT TOW SERVICE

PROVIDERS CAN CHARGE, AND AN ASSOCIATED VEHICLE TOWING

ADMINISTRATIVE COST RECOVERY FEE FOR THE PALM SPRINGS POLICE

DEPARTMENT
RECOMMENDATION(S):

Adopt a Resolution entitled, “A RESOLUTION OF THE CITY COUNCIL OF

THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING MAXIMUM

RATES THAT TOW SERVICE PROVIDERS CAN CHARGE, AND AN

ASSOCIATED VEHICLE TOWING ADMINISTRATIVE COST RECOVERY
FEE FOR THE PALM SPRINGS POLICE DEPARTMENT.”

1. Approve an Amendment to Agreements A6281 and A6282, for Official Police Tow Service Agreements for As-Needed Vehicle Towing and Storage Services to conform to Resolution.

2. Authorize the City Manager to execute all necessary documents.3.

PUBLIC COMMENT: (Non-Agenda Items) This time has been set aside for members of the public to address the City Council on items of general interest within the subject matter jurisdiction of the City. Although the City Council values your comments, pursuant to the Brown Act, it generally cannot take any action on items not listed on the posted agenda. Two (2) minutes will be assigned to each speaker.

CITY COUNCIL AND CITY MANAGER COMMENTS, REPORTS, & AGENDA DEVELOPMENT: This time is set aside for the City Council and City Manager to provide additional general comments and reports. Additionally, the City Council and City Manager may briefly discuss items of concern and prioritize agenda items for future meeting dates.

ADJOURNMENT:

AFFIDAVIT OF POSTING
State of California )
County of Riverside ) ss.

City of Palm Springs )

I, Brenda Pree, City Clerk of the City of Palm Springs, California, hereby certify this Agenda was delivered to each member of the City Council, provided to all parties who have requested such notice, posted at City Hall before 5:00 p.m., on March 7, 2024, and posted on the City’s website as required by established policies and procedures.

____________________________
Brenda Pree, MMC, CERA
City Clerk
March 14, 2024 City Council Regular Meeting Agenda 9

P U B L I C N O T I C E S

Pursuant to G.C. Section 54957.5(b)(2) the designated office for inspection of records in connection with the meeting is the Office of the City Clerk, City Hall, 3200 E. Tahquitz Canyon Way. Complete Agenda Packets are available for public inspection at: City Hall Office of the City Clerk. Agenda and staff reports are available on the City’s website www.palmspringsca.gov. If you would like additional information on any item appearing on this agenda, please contact the Office of the City Clerk at
(760) 323-8204.

It is the intention of the City of Palm Springs to comply with the Americans with Disabilities Act (ADA) in all respects. If, as an attendee or a participant at this meeting, or in meetings on a regular basis, you will need special assistance beyond what is normally provided, the City will attempt to accommodate you in every reasonable manner. Please contact the Office of the City Clerk, (760) 323-8204, at least 48 hours prior to the meeting to inform us of your particular needs and to determine if accommodation is feasible.

March 14, 2024 City Council Regular Meeting Agenda 10

Thursday, February 29, 2024
Minutes of the Regular Meeting of the City Council
of the City of Palm Springs

CALL TO ORDER:

A Regular Meeting of the Palm Springs City Council was called to order by Mayor Bernstein on Thursday, February 29 , 2024, at 5:31 p.m.

PLEDGE OF ALLEGIANCE:

Mayor Bernstein led the Pledge of Allegiance.

ROLL CALL:

Present: Councilmembers Grace Elena Garner, Christy Holstege, and Lisa Middleton; Mayor Pro Tem Ron deHarte; and Mayor Jeffrey Bernstein.

Absent: None.

City Staff

Present: Scott Stiles, City Manager; Teresa Gallavan, Assistant City Manager; Flinn Fagg, Deputy City Manager; Jeremy Hammond, Deputy City Manager; Jeffrey Ballinger, City Attorney; and Brenda Pree, City Clerk, were present at Roll Call. Other staff members presented reports or responded to questions as indicated in the minutes.

PRESENTATIONS, PROCLAMATIONS, AND OTHER NOTICES:

Mayor Bernstein mentioned the following proclamations:
• Colorectal Cancer Awareness Month,
• Jacques Caussin

• International Bear Convergence
• Riverside County Arts & Culture Month
ACCEPTANCE OF THE AGENDA:

MOTION BY COUNCILMEMBER HOLSTEGE, SECOND BY COUNCILMEMBER GARNER, CARRIED 5-0, to accept the agenda with removal of Consent Calendar Item Nos. 1M and 1X for separate discussion, and removal of Consent Calendar Item No. 1Y , deferring the item to an upcoming meeting. (Noting a recusal from Mayor Bernstein on Consent Calendar Item No. 1V.)

REPORT OF CLOSED SESSION:

The Closed Session of the City Council of February 29 , 2024 , was called to order by Mayor Bernstein at 4:00 p.m.

Item 1A - Page 1
City Council Minutes February 29, 2024
City of Palm Springs Page 2

The meeting convened into Closed Session to discuss the following items as listed on the Closed Session Meeting Agenda, with no reportable action:

CONFERENCE WITH LEGAL COUNSEL – SIGNIFICANT EXPOSURE TO LITIGATION, Pursuant to Government Code Section 54956.9(d)(2) – Claim No. 23-1019:

Under existing facts and circumstances, there was one (1) matter.

CONFERENCE WITH LEGAL COUNSEL – SIGNIFICANT EXPOSURE TO LITIGATION, Pursuant to Government Code Section 54956.9(d)(2) – Claim No. 23-1019:

Under existing facts and circumstances, there were two (2) matters.

PUBLIC TESTIMONY:

Steven Wijatyk, Kevin Spring, Daryl Terrell, Steve Burton, and Jesse Burstein provided oral testimony.

1. CONSENT CALENDAR:

MOTION BY COUNCILMEMBER HOLSTEGE , SECOND BY MAYOR PRO TEM DEHARTE, CARRIED 5-0, to approve the consent calendar with the with removal of Consent Calendar Item Nos. 1M and 1X for separate discussion, and removal of Consent Calendar Item No. 1Y, deferring the item to an upcoming meeting.

A. APPROV AL OF MINUTES

MOTION BY COUNCILMEMBER HOLSTEGE, SECOND BY MAYOR PRO TEM DEHARTE, CARRIED 5 -0, to approve the City Council Meeting Minutes of January 25, 2024, and February 8, 2024.

B. RATIFY THE NOMINATION OF THE CITY OF COACHELLA TO THE PALM

SPRINGS INTERNATIONAL AIRPORT COMMISSION

MOTION BY COUNCILMEMBER HOLSTEGE, SECOND BY MAYOR PRO TEM DEHARTE, CARRIED 5 -0, to reappoint Denise Delgado, representing the City of Coachella, to the Palm Springs International Airport Commission effective immediately for a term ending January 24, 2025.

C. APPROV AL OF PAYROLL WARRANTS, CLAIMS AND DEMANDS:

MOTION BY COUNCILMEMBER HOLSTEGE, SECOND BY MAYOR PRO TEM DEHARTE, CARRIED 5 -0, to a dopt a Resolution No. 25182 , entitled “A

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM

SPRINGS, CALIFORNIA, APPROVING PAYMENT OF PAYROLL
WARRANTS/DISBURSEMENTS FOR THE PERIOD ENDING 01-06-24 AND 01-20- Item 1A - Page 2
City Council Minutes February 29, 2024
City of Palm Springs Page 3

24 TOTALING $4,603,867.31 AND ACCOUNTS PAYABLE WARRANTS DATED 01- 04-24 AND 01-18-24 TOTALING $11,127,219.61, IN THE AGGREGATE AMOUNT OF $15,731,086.92, DRAWN ON BANK OF AMERICA."

D. STAFF AUTHORIZED AGREEMENTS AND PURCHASE ORDERS FOR THE PERIOD OF JANUARY 1 THROUGH JANUARY 31, 2024

MOTION BY COUNCILMEMBER HOLSTEGE, SECOND BY MAYOR PRO TEM DEHARTE, CARRIED 5-0, to receive and file the report of Staff Authorized Agreements and Purchase Orders for the period of January 1 through January 31, 2024.

E. TREASURER’S INVESTMENT REPORT AS OF DECEMBER 31, 2023

MOTION BY COUNCILMEMBER HOLSTEGE, SECOND BY MAYOR PRO TEM DEHARTE, CARRIED 5-0, to receive and file.

F. ACCEPT A GRANT AWARD FROM THE CALIFORNIA PUBLIC UTILITIES COMMISSION IN THE AMOUNT OF $51,099

MOTION BY COUNCILMEMBER HOLSTEGE, SECOND BY MAYOR PRO TEM DEHARTE, CARRIED 5-0, to accept a grant award from the California Public Utilities Commission in the amount of $51,099.

G. APPROVE AMENDMENT NO. 2 TO AGREEMENT A9135 WITH OLLIN DOCK & DOOR, INC., FOR OVERHEAD DOOR REPAIR SERVICES

MOTION BY COUNCILMEMBER HOLSTEGE, SECOND BY MAYOR PRO TEM DEHARTE, CARRIED 5 -0, to a pprove Amendment No. 2 to Agreement A9135 with Ollin Dock & Door, Inc., to provide overhead door repair and installation services for an additional amount of $300,000 for a total revised contract amount not to exceed $600,000 through June 19, 2025 ; and a uthorize the City Manager or designee to execute all necessary documents.

H. APPROVE CONTRACT SERVICES AGREEMENT NO. 24B030 WITH EMD CONSTRUCTION INC. FOR ON-CALL GENERAL CONTRACTOR SERVICES

FOR PALM SPRINGS INTERNATIONAL AIRPORT

MOTION BY COUNCILMEMBER HOLSTEGE, SECOND BY MAYOR PRO TEM DEHARTE, CARRIED 5-0, to approve Contract Services Agreement 24B030 with EMD Construction Inc. to provide on-call general contractor services for the Palm Springs International Airport in an amount not to exceed $900,000 for the initial three- year term beginning March 1, 2024, through February 28, 2027, with two one-year extension options at the City’s sole discretion; and authorize the City Manager or designee to execute all necessary documents.

Item 1A - Page 3
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I. APPROVE A CONTRACT SERVICES AGREEMENT FOR FINANCIAL

CONSULTING SERVICES FOR THE PALM SPRINGS INTERNATIONAL

AIRPORT

MOTION BY COUNCILMEMBER HOLSTEGE, SECOND BY MAYOR PRO TEM DEHARTE, CARRIED 5-0, to approve Contract Services Agreement No. 24P031 with Frasca & Associates, LLC. to provide financial consulting services on an on -call basis for an amount not to exceed $3,500,000 over a five -year term; and a uthorize the City Manager or designee to execute all necessary Agreements and authorize the Executive Director of Aviation to execute all task orders that fall under the Agreement value.

J. APPROVE THE FUNDING OF FOUR CAPITAL IMPROVEMENT PROJECTS

FROM MEASURE J FUNDS FOR THE PALM SPRINGS INTERNATIONAL

AIRPORT

MOTION BY COUNCILMEMBER HOLSTEGE, SECOND BY MAYOR PRO TEM DEHARTE, CARRIED 5-0, to:

1. Approve the funding of four capital improvement projects from Measure J funds in an amount not to exceed $1,550,000 for the Palm Springs International Airport.

2. Authorize the City Manager or designee to execute all necessary documents.

3. Direct staff to file a Notice of Exemption with the County of Riverside County Clerk.

K. AUTHORIZE THE PURCHASE OF 5 NEW VEHICLES

MOTION BY COUNCILMEMBER HOLSTEGE, SECOND BY MAYOR PRO TEM DEHARTE, CARRIED 5-0, to:

1. Approve the issuance of a purchase order to 72 Hour LLC dba National Auto Fleet Group, for the purchase of 3 Ford F -150 Lightning Pro 4WD SuperCrew, 1 Ford F - 150 Police Responder XL 4WD SuperCrew, and 1 Ford Transit Passenger Wagon T- 350 in an amount not to exceed $321,614.24;

2. After delivery of the new vehicles, declare existing vehicles being replaced as surplus vehicles and authorize the City Manager or designee to sell at public auction in accordance with Chapter 7.07 of the Palm Springs Municipal Code; and,

3. Authorize the City Manager or designee to execute all necessary documents.

L. AUTHORIZE THE PURCHASE OF ONE (1) NEW JCB 512P83R

TELEHANDLER AND ATTACHMENT EQUIPMENT IN AN AMOUNT NOT TO EXCEED $373,468.55

MOTION BY COUNCILMEMBER HOLSTEGE, SECOND BY MAYOR PRO TEM DEHARTE, CARRIED 5-0, to approve the issuance of a purchase order to JCB Southern California LLC for the purchase of one new JCB 512P53R Telehandler and equipment for an amount not to exceed $373,468.55, inclusive of sales tax; and authorize the City Manager or designee to execute all necessary documents.

M. APPROVE CONTRACT SERVICES AGREEMENT NO. 24P016 WITH LAZ Item 1A - Page 4
City Council Minutes February 29, 2024
City of Palm Springs Page 5

PARKING CALIFORNIA, LLC FOR PARKING ENFORCEMENT SERVICES This item was removed from the Consent Calendar for separate discussion and considered under Excluded Consent Calendar.

N. APPROVE CONTRACT SERVICES AGREEMENT NO. 24B022 WITH
TERRACON CONSULTANTS, INC. FOR ON -CALL ENVIRONMENTAL AND

ABATEMENT TESTING SERVICES

MOTION BY COUNCILMEMBER HOLSTEGE, SECOND BY MAYOR PRO TEM DEHARTE, CARRIED 5 -0, to a pprove Contract Services Agreement 24B022 (Attachment A) with Terracon Consultants, Inc. to provide on -call environmental and abatement testing services in an amount not to exceed $310,000 for the initial three-year term beginning March 1, 2024, through February 28, 2027, with two one-year extension options at the City’s sole discretion; and authorize the City Manager or his designee to execute all necessary documents.

O. APPROVE CONTRACT SERVICES AGREEMENT NO. 24B021 WITH
SUPERIOR PA VEMENT MARKINGS, INC. FOR ON -CALL CITYWIDE

ROADWAY STRIPING AND STENCILING SERVICES

MOTION BY COUNCILMEMBER HOLSTEGE, SECOND BY MAYOR PRO TEM DEHARTE, CARRIED 5-0, to:

1. Approve Contract Services Agreement 24B021 (Attachment A) with Superior Pavement Markings, Inc. to provide on-call citywide roadway striping and stenciling services in an amount not to exceed $900,000 for the initial three-year term beginning March 1, 2024, through February 28, 2027, with two one -year extension options at the City’s sole discretion;

2. Appropriate $256,496.50 from Gas Tax Fund 133 fund balance;

3. Authorize the City Manager or his designee to execute all necessary documents.

P. APPROV AL OF THE FISCAL YEAR 2024/2025 CSA 152 SPECIAL

ASSESSMENT RATE

MOTION BY COUNCILMEMBER HOLSTEGE, SECOND BY MAYOR PRO TEM DEHARTE, CARRIED 5-0, to adopt Resolution No. 25183, entitled “A RESOLUTION

OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA,

MAKING FINDINGS AND REAFFIRMING THE ESTABLISHMENT AND
SETTING OF RATES FOR COUNTY SERVICE AREA 152 FOR FISCAL YEAR 2024/2025 TO FUND THE CITY’S NATIONAL POLLUTION DISCHARGE

ELIMINATION SYSTEM (NPDES) PERMIT IN ORDER TO OPERATE AND MAINTAIN THE CITY’S DRAINAGE AND FLOOD CONTROL SYSTEMS.”

Q. APPROVE SOFTWARE ANNUAL MAINTENANCE AGREEMENT 24S027 WITH GEOSPATIAL TECHNOLOGIES, INC. FOR PUBLIC SAFETY

MAPPING SERVICES
Item 1A - Page 5
City Council Minutes February 29, 2024
City of Palm Springs Page 6

MOTION BY COUNCILMEMBER HOLSTEGE, SECOND BY MAYOR PRO TEM DEHARTE, CARRIED 5 -0, to a pprove one -year Software Annual Maintenance Agreement 24S027 with the option for four additional years with GeoSpatial Technologies, Inc. for public safety mapping services in the amount of $19,049, with a maximum total of $95,242.50 if all options are exercised; authorize the City Manager to execute all necessary documents.

R. APPROVE AMENDMENT NO. 1 TO PROFESSIONAL SERVICES
AGREEMENT NO. 23Q183 WITH GROUP 4 ARCHITECTURE, RESEARCH + PLANNING, INC. FOR PALM SPRINGS PUBLIC LIBRARY RENOV ATION PROJECTS 16 -08, MAIN LIBRARY RENOV ATIONS, AND 19-18, JC FREY

BUILDING REHABILITATION

MOTION BY COUNCILMEMBER HOLSTEGE, SECOND BY MAYOR PRO TEM DEHARTE, CARRIED 5-0, to approve Amendment No. 1 to the Professional Services Agreement No. 23Q183 with Group 4 Architecture, Research + Planning, Inc. to provide architectural design services for an amount not to exceed $1,197,200 ; and authorize the City Manager or designee to execute all necessary documents.

S. APPROVE TASK ORDER NO. 8 TO VEOLIA WATER WEST OPERATING SERVICES, INC. AGREEMENT A6804, IN THE AMOUNT OF $16,135.59 FOR THE BARISTO ROAD SEWER PIPE SEGMENT, CITY PROJECT 22-41

MOTION BY COUNCILMEMBER HOLSTEGE, SECOND BY MAYOR PRO TEM DEHARTE, CARRIED 5-0, to:

1. Approve Task Order No. 8 in the amount of $16,135.59 to Agreement A6804 with Veolia Water West Operating Services, Inc. for the Baristo Road Sewer Pipe Segment, City Project No. 22-41 (“Project”).

2. Authorize the City Manager or designee to execute all necessary documents.

3. Appropriate $16,135.59 from the Wastewater Fund balance.

T. AWARD OF CONTRACTS AND AGREEMENTS FOR THE 2024 PA VEMENT REHABILITATION PROJECT (CITY PROJECT NO. 24 -01) INCLUDING

APPROV AL OF A CONSTRUCTION CONTRACT TO MATICH

CORPORATION, A CALIFORNIA CORPORATION, IN THE AMOUNT OF $8,799,456; APPROV AL OF A TASK ORDER UNDER ON-CALL AGREEMENT NO. A8566 WITH DUDEK INC., IN AN AMOUNT NOT TO EXCEED $215,000 FOR CONSTRUCTION MANAGEMENT AND INSPECTION SERVICES; AND APPROV AL OF A TASK ORDER UNDER ON-CALL AGREEMENT NO. 23PO41 WITH TSG ENTERPRISES, INC., DBA THE SOLIS GROUP, IN AN AMOUNT NOT TO EXCEED $15,410 TO PROVIDE COMMUNITY WORKFORCE

AGREEMENT ADMINISTRATION

MOTION BY COUNCILMEMBER HOLSTEGE, SECOND BY MAYOR PRO TEM DEHARTE, CARRIED 5-0, to:

Item 1A - Page 6
City Council Minutes February 29, 2024
City of Palm Springs Page 7

1. Award a construction contract to Matich Corporation in the amount of $8,799,456 for the 2024 Pavement Rehabilitation, City Project 24-01(“Project”);

2. Delegate authority to the City Manager or designee to approve and execute construction contract change orders up to a total amount of $260,000 with all change orders reported to the City Council;

3. Authorize the City Manager to approve a task order for project management and inspection services from an on -call engineering service firm, Dudek Inc., in an amount not to exceed $215,000;

4. Authorize the City Manager to approve a task order for Community Workforce Agreement (CWA) administration services from an on -call CWA firm, TSG Enterprises, Inc., dba The Solis Group, in an amount not to exceed $15,410; and

5. Authorize the City Manager to execute all necessary documents.

U. APPROV AL OF PLANS, SPECIFICATIONS AND ESTIMATE AND

AUTHORIZATION TO BID THE AIRPORT TAXIWAY REHABILIATION, CITY PROJECT NO. 21-27

MOTION BY COUNCILMEMBER HOLSTEGE, SECOND BY MAYOR PRO TEM DEHARTE, CARRIED 5 -0, to a pprove the plans, specifications and estimate and authorize Staff to advertise and solicit bids for the Airport Taxiway Rehabilitation, City Project 21-27.

V. APPROV AL OF TRACT MAP 37935

MOTION BY COUNCILMEMBER HOLSTEGE, SECOND BY MAYOR PRO TEM DEHARTE, CARRIED 4 -0-1 (WITH RECUSAL FROM MAYOR BERNSTEIN), to adopt Resolution No. 25184, entitled “A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, APPROVING TRACT MAP 37935

FOR PROPERTY LOCATED AT NORTHEST CORNER OF BELARDO ROAD AND MUSEUM WAY , IN SECTION 15, TOWNSHIP 4 SOUTH, RANGE 4 EAST.”

W. ACCEPTANCE OF THE HIGHWAY SAFETY IMPROVEMENT PROJECT (CYCLE 7), FEDERAL-AID PROJECT NO. HSIPL-5282 (046), CITY PROJECT NO. 15-32

MOTION BY COUNCILMEMBER HOLSTEGE, SECOND BY MAYOR PRO TEM DEHARTE, CARRIED 5-0, to:

1. Accept the public works improvement identified as the Highway Safety Improvement Project (Cycle 7), City Project No. 15-32, as completed in accordance with the plans and specifications; and

2. Authorize the City Engineer to execute and file for recordation with the Riverside County Recorder a Notice of Completion for installation of the Highway Safety Improvement Project (Cycle 7), City Project No. 15-32.

Item 1A - Page 7
City Council Minutes February 29, 2024
City of Palm Springs Page 8

X. APPROV AL OF TWO TASK ORDERS TO KIMLEY-HORN AND ASSOCIATES

FOR ON -CALL TRAFFIC ENGINEERING SERVICES FOR THE SOUTH PALM CANYON DRIVE LANE RECONFIGURATION, CITY PROJECT 22 - 21A, AND THE RACQUET CLUB ROAD RECONFIGURATION, CITY
PROJECT 22-21B

This item was removed from the Consent Calendar for separate discussion and considered under Excluded Consent Calendar.

Y. APPROV AL OF RIGHT-OF-WAY ACQUISITION AGREEMENT WITH P&A

INVESTMENTS, LLC, A CALIFORNIA LIMITED LIABILITY COMPANY,

ASSOCIATED WITH THE PALM CANYON DRIVE/INDIAN CANYON
DRIVE/CAMINO PAROCELA TRAFFIC ROUNDABOUT, CITY PROJECT NO. 20-03, APN 508-121-018

This item was removed from the agenda.

Z. APPROV AL OF FIRST AMENDMENT TO COOPERATIVE AGREEMENT A8912 BETWEEN THE CITY OF PALM SPRINGS AND RIVERSIDE COUNTY

FLOOD CONTROL AND WATER CONSERV ATION DISTRICT FOR THE

CONSTRUCTION OF PALM SPRINGS MASTER DRAINAGE PLAN (MDP) LINE 20, STAGE 3, CITY PROJECT NO. 19-15

MOTION BY COUNCILMEMBER HOLSTEGE, SECOND BY MAYOR PRO TEM DEHARTE, CARRIED 5 -0, to a pprove First Amendment to Cooperative Funding Agreement A8912 between the Riverside County Flood Control and Water Conservation District and the City of Palm Springs, associated with the construction, operation, and maintenance of flood control improvements identified as Storm Drain Line 20, Stage 3, City Project No. 19 -15; and authorize the City Manager to execute all necessary documents.

AA. APPROVE CONTRACT CHANGE ORDER NO. 5 WITH STEVE P. RADOS, INC., IN THE AMOUNT OF $248,288.76 FOR THE WASTEWATER
TREATMENT PLANT (WWTP) DIGESTER NO. 2 GAS FLARE AND
FILTRATE PUMP STATION, CITY PROJECTS 20-25 AND 21-07

MOTION BY COUNCILMEMBER HOLSTEGE, SECOND BY MAYOR PRO TEM DEHARTE, CARRIED 5-0, to:

1. Approve Contract Change Order No. 5 in the amount of $248,288.76 to Agreement A9137 with Steve P. Rados, Inc. for the WWTP Digester No. 2 Waste Gas Flare and Filtrate Pump Station, City Projects No. 20-25 and 21-07.

2. Appropriate $248,288.76 from the Wastewater Fund balance.

3. Authorize the City Manager or designee to execute all necessary documents.

Item 1A - Page 8
City Council Minutes February 29, 2024
City of Palm Springs Page 9

BB. APPROVE CONTRACT CHANGE ORDER NO. 3 WITH UNIFIED FIELD SERVICES CORPORATION IN THE AMOUNT OF $825,376.90 FOR THE

WASTEWATER TREATMENT PLANT (WWTP) SLUDGE DRYING BEDS
REHABILITATIONS, CITY PROJECT 21-05

MOTION BY COUNCILMEMBER HOLSTEGE, SECOND BY MAYOR PRO TEM DEHARTE, CARRIED 5-0, to:

1. Approve Contract Change Order No. 3 in the amount of $825,376.90 with Unified Field Services Corporation (“Contractor”) for the WWTP Sludge Drying Beds 16-18 and 19-26 Rehabilitations, City Project No. 21-05 (“Project”).

2. Authorize the City Manager or designee to execute all necessary documents.

3. Appropriate $825,376.90 from the Wastewater Fund balance.

CC. APPROPRIATE FUNDING AND APPROVE EXPENDITURE IN THE AMOUNT OF $50,000 FOR THE ARTSCAPE IN THE PARKS PROJECT AT VICTORIA PARK AND $50,000 FOR THE ARTSCAPE IN THE PARKS PROJECT AT JAMES O. JESSE PARK

MOTION BY COUNCILMEMBER HOLSTEGE, SECOND BY MAYOR PRO TEM DEHARTE, CARRIED 5-0, to:

1. Appropriate Public Art Funds (Fund 150) in the amount of $100,000.

2. Approve expenditure of Public Art Funds in the amount of $50,000 for the Artscape in the Parks at James O. Jessie Park Project.

3. Approve expenditure of Public Art Funds in the amount of $50,000 for the Artscape in the Parks at Victoria Park Project.

DD. APPROVE FUNDING FOR MAINTENANCE OF THE “NINES AND ELEVENS”

PUBLIC ARTWORK

MOTION BY COUNCILMEMBER HOLSTEGE, SECOND BY MAYOR PRO TEM DEHARTE, CARRIED 5-0, to approve Public Art Funds in the amount of $2,690 to have Signature Sculpture repaint the Nines and Elevens Public Art Piece located in Demuth Park.

EXCLUDED CONSENT CALENDAR:

M. APPROVE CONTRACT SERVICES AGREEMENT NO. 24P016 WITH LAZ

PARKING CALIFORNIA, LLC FOR PARKING ENFORCEMENT SERVICES

MOTION BY COUNCILMEMBER MIDDLETON, SECOND BY
COUNCILMEMBER GARNER, CARRIED 5-0, to:

1. Approve Contract Services Agreement No. 24P016 with LAZ Parking California, LLC to provide parking enforcement services for a five-year term in an amount not to exceed $1,633,767 beginning March 1, 2024, through February 28, 2029, with two one-year extension options at the City’s sole discretion; and

2. Authorize the City Manager or designee to execute all necessary documents.

Item 1A - Page 9
City Council Minutes February 29, 2024
City of Palm Springs Page 10

X. APPROV AL OF TWO TASK ORDERS TO KIMLEY-HORN AND ASSOCIATES

FOR ON -CALL TRAFFIC ENGINEERING SERVICES FOR THE SOUTH PALM CANYON DRIVE LANE RECONFIGURATION, CITY PROJECT 22 - 21A, AND THE RACQUET CLUB ROAD RECONFIGURATION, CITY
PROJECT 22-21B

MOTION BY COUNCILMEMBER GARNER, SECOND BY COUNCILMEMBER MIDDLETON, CARRIED 5-0, to:

1. Approve a Task Order in an amount not to exceed $237,100 with Kimley -Horn pursuant to the City’s “on-call” agreement (A8342), for traffic engineering services for the South Palm Canyon Drive Reconfiguration, City Project 22-21A;

2. Delegate authority to the City Manager or designee to approve contract amendments up to a total amount of $48,000 (20%) for the South Palm Canyon Drive Reconfiguration, City Project 22-21A;

3. Approve a Task Order in an amount not to exceed $317,600 with Kimley -Horn pursuant to the City’s “on-call” agreement (A8342), for traffic engineering services for the Racquet Club Road Reconfiguration, City Project 22-21B;

4. Delegate authority to the City Manager or designee to approve contract amendments up to a total amount of $64,000 (20%) for Racquet Club Road Reconfiguration, City Project 22-21B; and,

5. Authorize the City Manager to execute all necessary documents.

2. PUBLIC HEARINGS:

A. COUNCIL CALL -UP OF AN APPLICATION BY KAIDENCE GROUP, LLC

COMPRISED OF A DEVELOPMENT PERMIT, A V ARIANCE AND

CONDITIONAL USE PERMIT FOR A PROPOSED DRIVE -THROUGH
COFFEE SHOP ON A 0.46-ACRE PARCEL LOCATED AT 2466 NORTH PALM CANYON DRIVE, (APN 504 -250-031) ZONE : PD 113, GENERAL PLAN:

MIXED-USE (CASES DP -2023-0018, CUP -2023-0020, V AR-2023-0007 and AR - 2023-0083)

Kayman Wong provided oral testimony.

MOTION BY MAYOR BERNSTEIN, SECOND BY MAYOR PRO TEM DEHARTE, CARRIED 4-1 (COUNCILMEMBER MIDDLETON VOTING NO), to:

1. Open the Public Hearing and receive public testimony.

2. Close the public hearing and direct staff as appropriate based on the City Council’s own findings on the applications related to this case. Staff will bring a resolution reflecting the Council’s action back at a future meeting.

3. BUSINESS & LEGISLATIVE:

A. SECOND READING (ADOPTION) OF AN ORDINANCE AMENDING
SECTION 3.42.020 AND CHAPTER 5.55 OF THE PALM SPRINGS MUNICIPAL

CODE, REGARDING THE TAXATION AND REGULATION OF CANNABIS IN THE CITY; FIRST READING (INTRODUCTION) OF AN ORDINANCE

PROVIDING THAT CANNABIS DIS PENSARY BUSINESS PERMIT
Item 1A - Page 10
City Council Minutes February 29, 2024
City of Palm Springs Page 11

APPLICATIONS WILL NOT BE ACCEPTED, PROCESSED OR APPROVED BY THE CITY, BETWEEN JANUARY 1, 2024 AND DECEMBER 31, 2027; AND

ADOPTION OF A RESOLUTION REDUCING THE CANNABIS BUSINESS ACTIVITY TAX RATE ON RETAIL TO FIVE PERCENT (5%), AND

ALLOCATING A CERTAIN PERC ENTAGE OF TAXES COLLECTED TO BE

USED FOR CERTAIN PURPOSES

MOTION BY COUNCILMEMBER MIDDLETON , SECOND BY MAYOR
BERNSTEIN, CARRIED 4 -0-1 (WITH RECUSAL FROM COUNCILMEMBER HOLSTEGE), to:

1. Waive the full reading of the text in its entirety, read by title only, and conduct a second reading (adoption) of the following ordinance: Ordinance No. 2093 , “AN

ORDINANCE OF THE CITY OF PALM SPRINGS, CALIFORNIA, AMENDING SECTION 3.42.020 AND CHAPTER 5.55 OF THE PALM SPRINGS MUNICIPAL

CODE, REGARDING THE TAXATION AND REGULATION OF CANNABIS IN THE CITY”;

2. Waive the full reading of the text in its entirety, read by title only, and conduct a first reading (introduction) of the following ordinance: Ordinance No. 2094 , entitled, “AN ORDINANCE OF THE CITY OF PALM SPRINGS, CALIFORNIA,

AMENDING THE PALM SPRINGS MUNICIPAL CODE TO PROVIDE THAT

CANNABIS DISPENSARY BUSINESS PERMIT APPLICATIONS WILL NOT

BE ACCEPTED, PROCESSED OR APPROVED BY THE CITY, BETWEEN JANUARY 1, 2024 AND DECEMBER 31, 2027”; and,

3. By motion, adopt the following resolution: Resolution No. 2518 5, entitled, “A

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS,

CALIFORNIA, REDUCING THE CANNABIS BUSINESS ACTIVITY TAX RATE ON RETAIL TO FIVE PERCENT (5%), AND ALLOCATING A CERTAIN

PERCENTAGE OF TAXES COLLECTED TO BE USED FOR CERTAIN
PURPOSES.”

PUBLIC COMMENT:

Daryl Terrell, Moe Elabdallah, Max McCartney, Bill Hatch, and Jesse Neimeyer-Romero provided oral testimony.

CITY COUNCIL AND CITY MANAGER COMMENTS, REPORTS, & AGENDA DEVELOPMENT:

Deputy City Manager Fagg and the City Council discussed the tentative upcoming meeting schedule and agenda items . Councilmembers Garner and Middleton; Mayor Pro Tem deHart e; and Mayor Bernstein provided comments.

ADJOURNMENT:

The City Council adjourned the meeting of Thursday, February 29 , 2024, at 7:49 p.m.

Item 1A - Page 11
City Council Minutes February 29, 2024
City of Palm Springs Page 12

Respectfully submitted,

_______________________________
Brenda Pree, MMC, CERA
City Clerk

APPROVED BY CITY COUNCIL:

Item 1A - Page 12

CITY COUNCIL STAFF REPORT

DATE: MARCH 14, 2024 CONSENT CALENDAR

SUBJECT: AWARD COOPERATIVE PURCHASE AGREEMENT NO. 24C053 FOR

AGENDA MANAGEMENT SOFTWARE

FROM: Scott C. Stiles, City Manager

BY: Office of the City Clerk

SUMMARY:

Award a five-year cooperative purchase agreement with Carahsoft Technology Corp. to provide agenda management software for an amount of $171,705.14 over a five -year term.

RECOMMENDATION:

1. Award a five-year cooperative purchase agreement with Carahsoft Technology Corp.

to provide agenda management software for an amount of $171,705.14 for the five- year term. (Attachment A)

2. Authorize the City Manager or designee to execute the agreement.

BUSINESS PRINCIPAL DISCLOSURE:

Carahsoft Technology Corp. is a Maryland Corporation in accordance with Attachment B Public Integrity Disclosure Form.

BACKGROUND:

The City currently does not utilize an automated agenda management system and needs a robust and comprehensive system that will meet the needs of the City Council, Commissions, and Committee agendas to enable the City and its staff to operate more efficiently. The City has Council meetings approximately twice per month and 14 boards and Commissions that meet monthly , which translates to approximately 192 meetings annually that must be accommodated. This is difficult to manage without a comprehensive system.

Item 1B - Page 1
City Council Staff Report
March 14, 2024 -- Page 2
Agenda Management Software

In early 2023 the Clerk’s Office and the IT Department worked with the Procurement and Contracting Department to issue a Request for Proposals for an Agenda Management software. A contract was subsequently awarded to eScribe Software Ltd. at the April 10, 2023, Council Meeting. However, after awarding the contract and during the process of implementation of the new system, it became clear that the vendor could not provide the services under contract and therefore could not meet the requirements of the City . The Office of the City Clerk worked with the Legal Department to terminate the Contract.

STAFF ANALYSIS:

The Office of the City Clerk reached out to the Procurement and Contracting Department to find a software solution that would meet the needs of the City. The City Clerk’s Office decided to use one of the oldest and most trusted agenda management systems, available, Granicus to provide these services.

Therefore, the Procurement and Contracting Department leveraged a cooperative contract for these services , which is authorized by the Municipal Code, Title 7, Section

7.09.010 “Cooperative Purchasing Programs”.

Omnia Cooperative Contract No. R191902 with Carahsoft Technology Corp. had the best pricing and terms for the Granicus software components needed by the City Clerk ’s Office. The City Clerk’s office was already using other Granicus products to conduct Council meetings and adding these additional components will allow all components needed to run the full agenda and Council process to be under one vendor and one Agreement.

Therefore, staff is recommending award of the agreement to Carahsoft Technology Corp. for Granicus software as the best option for the City’s Agenda Management Software System. Granicus has extensive experience in providing these systems and is one of the longest standing providers of Agenda system for governmental agencies.

ENVIRONMENTAL ASSESSMENT
:

In accordance with the California Environmental Quality Act (“CEQA”) Guidelines the requested City Council action is not a “Project” pursuant to Section 15378(b)(5).

Organizational or administrative activities of governments that will not result in direct or indirect physical changes in the environment are not considered a “Project”.

ALIGNMENT WITH STRATEGIC PLANNING:

This action aligns with the Strategic Plan as a major theme to optimize basic services.

Item 1B - Page 2
City Council Staff Report
March 14, 2024 -- Page 3
Agenda Management Software

FISCAL IMPACT:

Sufficient funds are budgeted and available in the current fiscal year in the Office of the City Clerk Contractual Services Account, number 1001015 – 40105, for year one of the service; the remaining years will be budgeted in future fiscal years.

REVIEWED BY:

Department Director: Brenda Pree
Procurement and Contracting Director Kim Baker
City Manager: Scott Stiles

ATTACHMENTS:

A. Attachment A – Service Agreement 24C053
B. Attachment B – Public Integrity Disclosure Form

Item 1B - Page 3

ATTACHMENT A

Item 1B - Page 4

4.13.2023

COOPERATIVE PURCHASE OF AGENDA MANAGEMENT
SOFTWARE AGREEMENT NO. 24C053

This Cooperative Purchase of Agenda Management Software Agreement (“Agreement”) is entered into by and between the City of Palm Springs, a California charter city and municipal corporation (“City”) and Carahsoft Technology Corp. , a Maryland corporation with its principal place of business at 11493 Sunset Hills Road Suite 100, Reston, VA 200190 (“Contractor”). City and Contractor are sometimes individually referred to as “Party” or collectively as “Parties” in this Agreement.

1. Background.
a. This Agreement is made and entered into in reference to the competitively solicited OMNIA C ontract No. R191902 with Contractor (“Cooperative Agreement”).
b. The City desires to implement and agenda management system attached hereto as Attachment “A”, the content of which is incorporated by reference to this Agreement as if fully set out her in its entirety. c. Contractor desires to perform said services on the terms and conditions set forth in this Agreement.

2. Term. The term of this Agreement is five years beginning on the date provided in the Notice to Proceed for the City’s Procurement and Contracting Department.

3. Compensation and Payment. This Agreement is for an amount not to exceed $171,705.14 for the five-year term, subject to approved amendments and changes.

All pricing must be in accordance with the attached Quote, as shown as Attachment “B”, the content of which is incorporated by reference into this Agreement as if fully set out here in its entirety.

4. Appropriations. This Agreement is subject to, and contingent upon, funds being appropriated by the City Council of City for each fiscal year. If such appropriations are not made, this Agreement shall automatically terminate without penalty to City.

5. Insurance. Contractor shall procure and maintain, at its sole cost and expense, policies of insurance as set forth in the attached Attachment "C", incorporated herein by reference. If no insurance is required Attachment “C” will reflect that there are no requirements.

6. Indemnification. To the fullest extent permitted by law, Contractor shall defend (at Contractor’s sole cost and expense), indemnify, protect, and hold harmless City, its elected officials, officers, employees, agents, and volunteers (collectively the Item 1B - Page 5

4.13.2023
“Indemnified Parties”), from and against any and all liabilities, actions, suits, claims, demands, losses, costs, judgments, arbitration awards, settlements, damages, demands, orders, penalties, and expenses including legal costs and attorney fees (collectively “Claims”), including but not limited to Claims arising from injuries to or death of persons (Contractor’s employees included), for damage to property, including property owned by City, for any violation of any federal, state, or local law or ordinance or in any manner arising out of, pertaining to, or incident to any acts, errors or omissions, or willful misconduct committed by Contractor, its officers, employees, representatives, and agents, that arise out of or relate to Contractor’s performance of Services or this Agreement. This indemnification clause excludes Claims arising from the sole negligence or willful misconduct of the Indemnified Parties. Under no circumstances shall the insurance requirements and limits set forth in this Agreement be construed to limit Contractor’s indemnification obligation or other liability under this Agreement. Contractor’s indemnification obligation shall survive the expiration or earlier termination of this Agreement until all actions against the Indemnified Part ies for such matters indemnified are fully and finally barred by the applicable statute of limitations or, if an action is timely filed, until such action is final.

7. Notice. Any notice required under this Agreement must be given by fax, hand delivery, or certified mail, postage prepaid, and is deemed received on the day faxed, or hand delivered or on the third day after postmark if sent by certified mail. Notice must be sent as follows:

IF TO THE CITY: IF TO THE CONTRACTOR:

City of Palm Springs Carahsoft
Attn: Brenda Pree Attn: Robert Moore
Title: City Clerk Title: Vice President
Address: 3200 Tahquitz Canyon Way Address: 11493 Sunset Hills Road Palm Springs, CA 92262 Suite 100
Reston, VA 20190

8. Compliance with Law. Contractor shall comply with all applicable federal, state, and local laws, statutes and ordinances and all lawful orders, rules, and regulations when performing the Services. Contractor shall be liable for all violations of such laws and regulations in connection with this Agreement.

9. Changes. In the event any change or changes in the work is requested by City, Parties shall execute a written amendment to this Agreement, specifying all proposed amendments, including, but not limited to, any additional fees. An amendment may be entered into:

Item 1B - Page 6

4.13.2023
A. To provide for revisions or modifications to documents, work product, or Work, when required by the enactment or revision of any subsequent law; or B. To provide for additional work not included in this Agreement or not customarily furnished in accordance with generally accepted practice in Contractor’s profession.

10. Termination Prior to Expiration of Term. City may terminate this Agreement at any time, with or without cause, upon thirty (30) days written notice to Contractor. Where termination is due to the fault of Contractor and constitutes an immediate danger to health, safety, and general welfare, the period of notice shall be such shorter time as may be determined by the City. Upon receipt of the notice of termination, Contractor shall immediately cease all Services except such as may be specifically approved by the Contract Officer. Contractor shall be entitled to compensation for all Services rendered prior to receipt of the notice of termination and for any Services authorized by the Contract Officer after such notice. City shall not be liable for any costs other than the charges or portions thereof which are specified herein. Contractor shall not be entitled to payment for unperformed Services and shall not be entitled to damages or compensation for termination of Work. If the termination is for cause, the City shall have the right to take whatever steps it deems necessary to correct Contractor's deficiencies and charge the cost thereof to Contractor, who shall be liable for the full cost of the City's corrective action. Contractor may not terminate this A greement except for cause, upon 30 days written notice to City.

11. Covenant Against Discrimination . In connection with its performance under this Agreement, Contractor shall not discriminate against any employee or applicant for employment because of actual or perceived race, religion, color, sex, age, marital status, ancestry, national origin ( i.e., place of origin, immigration status, cultural or linguistic characteristics, or ethnicity), sexual orientation, gender identity, gender expression, physical or mental disability, or medical condition (each a “prohibited basis”). Contractor shall ensure that applicants are employed, and that employees are treated during their employment, without regard to any prohibited basis. As a condition precedent to City’s lawful capacity to enter this Agreement, and in executing this Agreement, Contractor certifies that its actions and omissions hereunder shall not incorporate any discrimination arising from or related to any prohibited basis in any Contractor activity, including but not limited to the following: employment, upgrading, demotion or transfer; recruitment or recruitment advertising; layoff or termination; rates of pay or other forms of compensation; and selection for training, including apprenticeship; and further, that Contractor is in full compliance with the provisions of Palm Springs Municipal Code Section 7.09.040, including without limitation the provision of benefits, relating to non-discrimination in city contracting.

12. Compliance with Economic Sanctions in Response to Russia's Actions in Ukraine. When funding for the services is provided, in whole or in part, by an agency controlled of the State of California, Consultant shall fully and adequately comply with California Executive Order N -6-22 (“Russian Sanctions Program”). As part of this compliance process, Consultant shall also certify compliance with the Russian Item 1B - Page 7

4.13.2023
Sanctions Program by completing the form located in Attachment “D” (Russian Sanctions Certification), attached hereto and incorporated herein by reference.

Consultant shall also require any subconsultants to comply with the Russian Sanctions Program and certify compliance pursuant to this Section.

13. Entire Agreement. This Agreement, along with the Cooperative Agreement constitutes the entire agreement between the parties concerning the subject matter of this Agreement and supersedes all prior negotiations, arrangements, agreements and understandings, either oral or written between the parties. In the event of conflict or inconsistency between this Agreement and the Cooperative Agreement, this terms and conditions in this Agreement shall prevail.
[Signature Page Follows]

Item 1B - Page 8

4.13.2023

SIGNATURE PAGE TO COOPERATIVE PURCHASE OF AGENDA MANAGEMENT

SOFTWARE AGREEMENT

BETWEEN THE CITY OF PALM SPRINGS
AND CARAHSOFT TECHNOLOGY CORP.

IN WITNESS WHEREOF, the Parties have executed this Agreement as of the dates stated below.

CONTRACTOR:

By: _____________________________ By: _____________________________ Signature Signature

(2nd signature required for Corporation)

Date: ___________________________ Date: ___________________________

CITY OF PALM SPRINGS:

APPROVED BY CITY COUNCIL:

Date: _______ Item No. ________

APPROVED AS TO FORM: ATTEST:

By: _____________________________ By: _____________________________ Jeffrey S. Ballinger, Monique Lomeli
City Attorney Interim City Clerk

APPROVED:

By: _____________________________ Date: ____________________________ City Manager – over $50,000
Deputy/Assistant City Manager – up to $50,000
Director – up to $25,000
Manager – up to $5,000
Item 1B - Page 9

4.13.2023

ATTACHMENT A

SCOPE OF WORK

1.0 Background:

The City currently does not utilize an automated agenda management system and needs robust and comprehensive system that will meet the needs of the City Council, Commissions, and Committee agendas to enable the City and its staff to operate more efficiently. The City has Council meetings approximately twice per month and then there are 14 board and Commission that meet monthly so approximately 192 meetings annually that must be accommodated by the system.

1.1 Scope:

Goals and Objectives

1. The Contractor shall provide a solution that can meet the standards outlined and accomplish the following primary goals (in no particular order):
a. Centralized approach to compiling the agenda
b. Capability to submit agenda items online
c. Ability to edit documents in their native programs
d. Capability to prepare action minutes
e. Capability to view final agenda online, print, or copy to external media f. Read-only information access for the public
g. Elastic search capabilities for agenda items and supporting material h. Collaborative workflow process allowing various authorization levels (including off- site)
i. Capability to access agenda packet, including attachments, during the meeting j. Tracking system to let users know where a report is during the approval process
k. Live stream Council meetings
l. Play back archived Council meetings
m. Real time meeting management including voting
n. Allow for public comments during live meetings in writing

2. It is important that the solution allow configuration of multiple workflows. In addition, the City’s system administrator must be able to configure and manage workflows through a reasonably simple user interface. Workflows must support processes set at department levels as well as organizational workflows which drive items between departments (including a contract City Attorney who operates off - site and not on the City network). Finally, the system must allow for certain select users to override configured workflows as needed.

3. The solution shall be of an expandable, modular design to readily incorporate additional enhancements in the future for long- term reliability and technical efficiency.

Item 1B - Page 10

4.13.2023

4. A Needs/Requirements Matrix has been attached to the scope to outline more clearly the Cities expectations for this software.

B. Requirements

1. Workflow
a. Solution supports flexible workflow (sequential / parallel) allowing system Admin to set users rights on who is allowed to alter preconfigured workflows. b. Ability to (with proper security level) add/delete staff from the agenda item workflow/approval process ad hoc for an individual agenda item or redirect an existing workflow.
c. Solution supports organization workflows and departmental workflows. d. Solution allows the contract city attorney to access workflow from outside of the city’s server.
e. Solution supports e-mail notification in the workflow. f. Solution supports an admin interface allowing system admin to configure workflows as well as notifications.
g. Offers the ability to assign proxy coverage if a user will be out of the office for a specified period of time.
h. Certain approvers can have a user right to alter preconfigured workflows. This is configured by system admin.
i. Ability of reviewers/approvers to return the document to a previous point in the process or to the original author.
j. Approvers can comment/edit (Track Changes) and send report to anyone in or outside of workflow if necessary.
k. Approvers can approve remotely.

2. Agendas and Agenda Item Creation
a. Solution must support Microsoft Word for staff report creation, and allow for insertion of tables, charts, graphs, images and footnotes within the report. b. Solution templates must support required fields, data validation on fields and dependent drop downs designed to our standards.
c. System must allow the ability to use previous reports as a template for new items.
d. Solution provides a full screen staff report writing window. e. Solution allows adding “last minute” items to the agenda. f. Solution must support automatic conversion of attachments to PDF format and shall have optical character recognition for full text search. g. Solution must support unlimited attachments including oversized maps that may exceed 10MB.
h. Seamless integration with Laserfiche document management solution to reference or import back up material to agenda.
i. Users can monitor workflow for their items and view the status of the item in workflow.

Item 1B - Page 11

4.13.2023
j. Public Agendas can be customized to meet our specifications including font style, type and other attributes.
k. Solution supports more than one agenda layout for different Council meeting types, Commissions and Committee.
l. Static headings on the agenda template can easily be altered by Clerk administrator without assistance of the vendor.
m. Clerk can edit any item, and/or bypass workflow to push an item onto the agenda.
n. Clerk can reorder the agenda items.
o. Clerk can reorder any attachments on an item.
p. Clerk can preview then publish agenda.
q. Clerk can create meetings and open them for users to add items to. r. Clerk can copy items from one meeting to another meeting without disrupting the agenda layout for the original meeting.
s. Clerk can reassign items to other meetings.
t. Solutions must support the publication of the final agenda in both HTML and PDF format to accommodate users with different needs.
u. Integration with existing document management solutions to export final agenda and backup material to LaserFiche for records management. v. Integration with City website for publishing.
w. Clerk can easily view the workflow on any item to check item status. x. Clerk can control meeting status: open, or closed for final approval. y. Meetings set to closed for final approval allow clerk to continue to edit the meeting and meeting items but lock out other users from making any changes. z. Councilmember comments are private in that no other user or council member can view them.
aa. Councilmembers can delete comments at any time.
bb. Councilmember comments/notes can be deleted as required by City's retention policy.

3. Meeting Minute Creation
a. Ability to import agenda into minutes application to use for minutes template. b. Ability for staff to take and modify attendance and roll call at a meeting (including someone coming late or leaving early).
c. Ability to activate/index items in any order desired, or entire sections. d. Solution supports recording votes of council members on individual motions. e. Solution supports recording item action such as passed, failed, rescheduled, tabled. This list is configurable to our standards.
f. Integration with existing document management solutions to export final action minutes and back up materials to LaserFiche.
g. Minute layouts pages can be customized to meet our specifications.

Item 1B - Page 12

4.13.2023

4. Document Management
a. Councilmembers/Internal Users can use full text search to research past agendas and minutes.
b. Councilmembers/Internal Users can view agenda and make comments on any item as part of their meeting preparation.
c. Data conversion will be required of archived documents into the new system that are past videos, agendas, and minutes from various public meetings from 2006 to present. A link to these documents is as follows:
https://www.palmspringsca.gov/government/departments/information- technology/palm-springs-community-television

5. Live Stream
a. Live stream can be accessed from all devices, including iPads and smart phones.
b. Video stream will be optimized depending on device bandwidth. c. Able to link agenda, minutes and supporting material to online video's corresponding video index.

6. Website View
a. Can search for past and future meeting agendas (with OCR'd files for elastic search capability).
b. Can view agendas/minutes in a HTML/web page format with the option to view the entire packet in a PDF file.
c. Solution produces a single PDF file with bookmarks or links to respective reports and attachments.

7. Other Admin Tools
a. Admin can set rights for approvers allowing some to have edit privileges and others to have read only privileges.
b. Admin sets up groups of users that share rights to support reviewing and approval.

8. Audit and Security
a. Allows the system administrator to:
i. Define a minimum length password.
ii. Define a password expiration timeframe.
iii. Prohibit reusing of passwords.
b. Integrates with Active Directory/Azure AD.
i. Real-time (new users, disabled users in AD are immediately reflected in the system).
ii. Can add users directly into system without corresponding AD account (for example, auditors).
c. Allows for Single-Sign-On capabilities.
d. Allows the system administrator to:

Item 1B - Page 13

4.13.2023
i. Configure control access to the application, modules, transactions, data and reports.
ii. Define access rights (e.g. create, read, update, delete) by user ID or functional role.
iii. Define functional access rights (e.g. processes, screens, fields, and reports) by user ID or functional role.
iv. Restrict access to sensitive data elements by user ID, user groups or functional role.
e. Maintains audit logging to record access activity:
i. Login/logout attempts by user and workstation.
ii. User submitted transactions.
iii. Initiated processes.
iv. System overrides.
v. Additions, changes, or deletes to application-maintained data.

9. General Technical
a. Provides the ability to configure workflows, codes, report parameters, and other elements to meet specific business needs using configuration and operating parameters provided and without the assistance of the vendor. b. Provides for upgrades to accommodate changes in laws, regulations, best practices, and new technology.
c. Includes complete installation, operating, and system maintenance documentation.

10. Hosting Option (if provided)
a. Provides system availability 24 hours a day, 365 days a year (not including Force Majeure Events or scheduled downtime).
b. Ensures scheduled downtime is pre-approved one week in advance. c. Provides system uptime of 99.99%.
d. Stores data in the Continental U.S.
e. Maintains audit logging to record access activity:
i. Login/logout attempts by user and workstation.
ii. Initiated processes.
iii. System overrides.
iv. Additions, changes, or deletes to application-maintained data. f. Upon discovery or reasonable belief of any data breach, notifies by the fastest means available, and also in writing within 24 hours. Notification should include:
i. The nature of the breach.
ii. The data accessed, used, or disclosed.
iii. The person(s) who accessed, used, disclosed, and/or received data (if known).

Item 1B - Page 14

4.13.2023
iv. What has been done to quarantine and mitigate the breach. v. What corrective actions has been taken to prevent future breaches.

11. Implementation
The Contractor shall perform all tasks required to implement the new system, including all configuration, testing, training and the development and implementation of any interfaces.

12. Project Management
a. The Contractor shall be responsible for applying project management methodologies in the areas of project planning, resource management, project monitoring, production control, configuration management, quality assurance, test planning and execution, training plan, implementation methodology, change management and business process re -engineering, post implementation support and documentation. The Contractor shall present a comprehensive project plan showing time and resources required to accomplish tasks including any tasks required by City staff to perform. b. Contractor shall provide project management resources leading to the successful deployment of the system. Contractor’s Project Manager will be responsible for coordinating the following:
i. Project plan development and implementation, project risk monitoring and status reporting
ii. Subcontractor tasking and performance monitoring
iii. Requested system changes and modifications to the project plan iv. Technical, training, system documentation and support services c. During the course of the project and until final acceptance the Project Manager will:
i. Attend regular status meetings
ii. Submit regular status reports covering but not limited to the following items:
• Progress of working being performed
• Resources expended
• Problems encountered
• Corrective action taken
• Status of issues
iii. Participate in regularly schedule project status conference calls iv. Assist in preparation of change order requests as needed

13. Testing
a. The implementation should include adequate provisions for user acceptance, integration performance and stress security and reliability testing. The Contractor shall develop and execute all test plans to assure that the system delivers the expected results.
b. Satisfactory completion of a mutually agreed to acceptance test for each state of the implementation is required. A final acceptance test in a fully integrated environment to ensure components work together as intended is required. The acceptance test will include a confirmation of each functional requirement Item 1B - Page 15

4.13.2023
identified, in addition to required performance and reliability acceptance procedures.

14. Training
a. The Contractor will provide the following types of training:
i. A training program for the City’s project implementation team that includes the training necessary to understand the interface configurations, data import/export capabilities, and workflow configuration options, etc. ii. A training program for application administrators that includes the training necessary to configure, tailor, monitor and administer the technical functional aspects of the system.
iii. A training solution to support the training of end -users in the functionality of the various proposed system components. The City desires to develop a train the trainer approach.

15. Support and Maintenance
The Contractor will provide ongoing support and maintenance of the accepted system for the five-year term or as amended.

1.2 Schedule:

Work will commence on upon issuance of a notice to proceed and work to implement the system shall be completed within four months.

1.3 Compensation:

Work will be compensated as a lumpsum for each year as outlined on the pricing sheet.

Contract pricing includes all labor, expenses, and incidentals to complete the work outlined in the contract scope. The Contractor may request monthly payments based on the percentage of work completed for the previous month as long as a detailed progress report is provided to support the amount requested. No additional compensation will be due by the City unless the contract is modified for additional work requested by the City.

Item 1B - Page 16

4.13.2023

ATTACHMENT B

QUOTE / PRICING

Item 1B - Page 17
carahsoft
TO: Kim Baker

GOVERNMENT- PRICE QUOTATION
Granicus at Carahsoft
11493 SUNSET HILLS ROAD I SUITE 100 I RESTON, VIRGINIA 20190 PHONE (703) 871-8500 I FAX (703) 871-8505 I TOLL FREE (888) 66CARAH WWW.CARAHSOFT.COM I [email protected]
FROM: Garrett Smith
Procurement & Contracting Director
City of Palm Springs
3200 E. Tah quitz Canyon Way
PO Box 2743
Granicus at Carahsoft
11493 Sunset Hills Road
Suite 100
Palm Springs , CA 92262 USA
EMAIL: kim.baker@palmsp ringsca.gov
PHONE: (760) 322-8368
TERMS: OMN IA EDU cont ract R191902
Term: April 30, 2025
FTIN:52-2189693
Shipping Point: FOB Destination
Cred it Cards: VISAIMasterCard/A MEX
Remit To: Same as Above
Payment Terms: Net 30 (On Approved Credit)
Sales Tax May Apply
Reston , Virgin ia 20190
EMAIL: Garrett [email protected]
PHONE: (571) 662-3062 FAX:

QUOTE NO:

QUOTE DATE:

QUOTE EXPIRES:

RFQ NO:

SHIPPING:

TOTAL PRICE:

TOTAL QUOTE:

G G"RANICUS
(703) 871-8505
4210 3325
0112412024
02/23/2024
ESD
$171 ,705.14
$171,705 .14
LINE NO. PART NO. DESCRIPTION PRICING QUOTE PRICE QTY EXTENDED PRICE 2 3
4 5
6 GOVM-ONM-AAS
OTF-756-1

ONE-TIME FEES
OneMeet ing Agenda Automa tion -
Configurat ion and Training Each
Granicus - GOVM -ONM-AAS-OTF
Start Date : 01101/2024
End Date: 12/31/202 4
LIST: $16 ,721 .25
CONTR: $16 ,386 .83
GOVM-ONM -MMS- OneMeet ing Meeting Manager - Configuration LIST: $16,721 .25 OTF- 756-1 and Training Each CO NTR: $16 ,386.83
Granicus - GOVM-ONM-MMS-OTF
Start Date : 0 1/01/2024
End Date: 12/31/2024
GOVM -ONM -CMS - OneMeeting Committee Manager - LIST: $4,681 .95 OTF- 756-1 Configurat ion and Tra ining Each CON TR: $4 ,588.31 Granicus - GOVM -ONM -CMS-OTF
Start Date: 0 1/01/2024
End Date: 12/31/2024
GR-LFI -OTF-756 OneMeeting Laserfiche Integration - Setup LIST: $1 ,672 .13 and Configur ation - One Time Fee CONTR: $1,638 .68
Granicus - GOVM-ONM- LFI-OTF
Start Date: 0 1/01/2024
End Date: 12/31/2024
ONE-TIME FEES SUBTOTAL:

NEW SUBSCRIPTION FEES
GR-AG1-SUB-756 Agenda Automatio n - Tier 1 - Annua l
Subscr iptio n
Granicus - GOVM-ONM -AG1-SUB
Start Date : 01/0112024
End Date: 12/31/2024
GOVM-ONM-MM 1- Meeting Manag emen t- Tier 1 -An nual
SUB-756-1 Subscr iption
Granicus - GOVM -ONM -MM1-SUB
Start Date : 0 1/01/2024
End Date: 12/31/202 4
LIST: $50,000 .00
CONTR: $49 ,000 .00
LIST: $22 ,187.8 1
CO NTR: $21 ,744 .06

CONFIDENTIAL
PAGE 1 of 4
$1,064.81 COOP
$640.46 COOP
$555.20 COOP
$294.00 COOP
$9,454 .06 COOP
$7,0 11.66 COO P
QUOTE DATE:

QUOTE NO:
$1,064.81
$640.46
$555.20
$294.00
$2,554.47
$9,454.06
$7,0 11.66
01/24/2024
42103325

4.13.2023

Item 1B - Page 18
carahsoft
LINE NO. PART NO.
7 GOVM-ONM-MT 1-
SUB-756-1
8 GOVM-ONM-MV 1-
SUB-756-1
9 GOVM-ONM-ET1-
SUB-756- 1
10 GOVM-ONM-LF1-
SUB-756-1
11 GR-AG1-SUB-756
12 GOVM-ONM-MM1-
SUB-756-1
13 GOVM-ONM-MT 1-
SUB-756-1
14 GOVM-ONM-MV 1 -
SUB-756-1
15 GOVM-ONM-ET 1-
SUB-756-1
16 GOVM-ONM-LF1-
SUB-756-1
17 GR-AG1-SUB-756
18 GOVM-ONM-MM1-
SUB-756-1
19 GOVM-ONM-MT1-
SUB-756- 1
20 GOVM-ONM-MV 1-
SUB-756-1
21 GOVM-ONM-ET1 -
SUB-756- 1

CONFIDENTIAL
PAGE 2 of 4

DESCRIPTION PRICING QUOTE PRICE
Committee Management - Tier 1 - Annual LIST: $20,708.63 $6.522.41 COOP Subscrip tion CONTR: $20,294.45
Granicus - GOVM-ONM-MT1-SUB
Start Date: 01/01/2024
End Date: 12/3 1/2024
Member Voting - Tier 1 - Annual Subscription LIST: $30,000.00 $3,802.08 COOP Granicus - GOVM-ONM-MV1-SUB CONTR: $29.400 .00
Start Date: 01/01/2024
End Date: 12/31/2024
Community Engagement - Tier 1 - Annual LIST: $11 ,833.50 $3,379.42 COOP Subscription CONTR: $11 ,596.83
Granicus - GOVM-ONM-ET1-SUB
Start Date: 01/01/2024
End Date: 12/31/2024
Laserfiche Integration - Tier 1 - Annual LIST: $13,913.85 $1,690.67 COOP Subscription CONTR: $13,635.57
Granicus - GOVM-ONM-LF1-SUB
Start Date: 01/01/2024
End Date: 12/31/2024
NEW SUBSCRIPTION FEES SUBTOTAL:

YEAR2
Agenda Automation - Tier 1 - Annual LIST $50,000.00 $9,737.69 COOP Subscription CONTR: $49,000 00
Granicus - GOVM-ONM-AG1-SUB
Meeting Management - Tier 1 - Annual LIST: $22,1 87.81 $7,222.01 COOP Subscription CONTR: $21 ,744.06
Granicus - GOVM-ONM-MM1-SUB
Committee Management - Tier 1 -An nual LIST: $20,708.63 $6.718.08 COOP Subscription CONTR: $20,294.45
Granicus - GOVM-ONM-M T1-SUB
Member Voting - Tier 1 - Annual Subscription LIST: $30,000.00 $3,916.15 COOP Granicus - GOVM-ONM-MV 1-SUB CONTR: $29,400.00
Community Engagement - Tier 1 -An nual LIST: $11 ,833.50 $3,480.80 COOP Subscription CONTR $11,596 83
Granicus - GOVM-ONM-ET1 -SUB
Laserfiche Integration - Tier 1 -Annua l LIST $13,913.85 $1,741.39 COOP Subscription CONTR: $13,635 57
Granicus - GOVM-ONM-LF1-SUB
YEAR 2 SUBTOTAL:

YEAR3
Agenda Automation - Tier 1 - Annual LIST: $50,000.00 $10,029.81 COOP Subscription CONTR: $49,000.00
Granicus - GOVM-ONM-AG1-SUB
Meeting Management - Tier 1 - Annual LIST: $22,187.81 $7,438.67 COOP Subscription CONTR: $21 ,744.06
Granicus - GOVM-ONM-MM1-SUB
Committee Management - Tier 1 - Annual LIST: $20,708.63 $6,919.62 COOP Subscription CONTR: $20,294.45
Granicus - GOVM-ONM-MT1-SUB
Member Voting - Tier 1 - Annual Subscription LIST: $30,000.00 $4,033.63 COOP Granicus - GOVM-ONM-MV 1-SUB CONTR: $29,400.00
Community Engagement - Tier 1 -An nual LIST: $11 ,833.50 $3,585.23 COOP Subscription CONTR: $11 ,596.83
Granicus - GOVM-ONM-ET1-SUB
G G"RANICUS

QTY EXTENDED PRICE
$6.522.41
$3,802.08
$3,379.42
$1,690.67
$31 ,860.30
$9,737.69
$7,222.0 1
$6,7 18.08
$3,916.15
$3,480.80
$1 ,741.39
$32,816.12
$10,029.81
$7,438.67
$6,919.62
$4,033.63
$3,585.23
QUOTE DATE: 01/24/2024
QUOTE NO: 42103325

4.13.2023
Item 1B - Page 19
carahsoft
LINE NO. PART NO.
22 GOVM-ONM-LF 1-
SUB-756-1
23 GR-AG1-SUB-756
24 GOVM-ONM-MM1-
SUB-756-1
25 GOVM-ONM-MT1-
SUB-756-1
26 GOVM-ONM-MV1 -
SUB-756-1
27 GOVM-ONM- ET1-
SUB-756-1
28 GOVM-ONM-LF1-
SUB-756-1
29 GR-AG1-SUB-756
30 GOVM-ONM-MM1-
SUB-756-1
31 GOVM-ONM-MT1 -
SUB-756-1
32 GOVM-ONM-MV1 -
SUB-756-1
33 GOVM-ONM-ET1-
SUB-756-1
34 GOVM-ONM-LF1-
SUB-756- 1
5 Year Total $171,705.14
Terminatin g Subscriptions:

Open Platform Suite
Boards and Commissions

CONFIDENTIAL
PAGE3of4

DESCRIPTION
Lasertiche Integration - Tier 1 - Annual
Subscription
Granicus - GOVM-O NM-LF1 -SUB
YEAR 3 SUBTOTAL:

YEAR4
Agenda Automation - Tier 1 - Annual
Subscription
Granicus - GOVM-ONM-AG1-SUB
Meeting Managemen t - Tier 1 - Annual
Subscription
Granicus - GOVM-ONM-MM1-SUB
Committee Management - Tier 1 - Annual
Subscription
Granicus - GOVM-ONM-MT:1-SUB
Member Voting - Tier 1 - Annual Subscription
Granicus - GOVM-ONM-MV1-SUB
Community Engagement - Tier 1 - Annual
Subscription
Granicus - GOVM-ONM-ET 1-SUB
Laseriiche Integration - Tier 1 - Annual
Subscription
Granicus - GOVM-ONM- LF1 -SUB
YEAR 4 SUBTOTAL:

YEAR 5
Agenda Automation - Tier 1 - Annua l
Subscription
Granicus - GOVM-ONM-AG1 -SUB
Meeting Managemen t - Tier 1 - Annual
Subscription
Granicus - GOVM-ONM-MM1-SUB
Comm ittee Manageme nt - Tier 1 - Annual
Subscription
Granicus - GOVM-ONM-MT1-SUB
Member Voting - Tier 1 - Annual Subscription
Granicus - GOVM-ONM-MV1-SUB
Community Engageme nt - Tier 1 - Annua l
Subscription
Granicus - GOVM-ONM-ET1-SUB
Laseriiche Integration - Tier 1 - Annual
Subscription
Granicus - GOVM-ONM- LF1-SUB
YEAR 5 SUBTOTAL:

SUBTOTAL:

PRICING QUOTE PRICE
LIST: $13,913.85
CONTR: $13,635.57
LIST $50,000.00
CONTR: $49,000.00
LIST: $22 ,187.81
CONTR: $21,744 .06
LIST: $20,708 .63
CONTR: $20,294 .45
LIST: $30,000.00
CONTR: $29,400 .00
LIST: $11,833.50
CONTR: $11 ,596.83
LIST: $13,913.85
CONTR : $13,635.57
LIST: $50,000.00
CONTR : $49,000.00
LIST: $22, 187.81
CONTR: $21,744.06
LIST $20,708 .63
CONTR: $20,294.45
LIST: $30,000 .00
CONTR: $29,400.00
LIST: $11,833.50
CONTR: $11 ,596.83
LIST: $13,913 .85
CONTR: $13,635 .57
TOTAL PRICE:

TOTAL QUOTE:
$1.79363 COOP
$10,330 .71 COOP
$7,661 .83 COOP
$7,127.21 COOP
$4,154.64 COOP
$3,692.78 COOP
$1,847.44 COOP
$10,640.63 COOP
$7,891.69 COOP
$7,341 .02 COOP
$4,279.28 COOP
$3,803 .56 COOP
$1 ,902.87 COOP

G G'RANICUS

QTY EXTENDED PRICE
$1 ,793.63
$33,800.59
$10,330.71
$7,661.83
$7,127.21
$4,154.64
$3,692.78
$1,847.44
$34,814 61
$10,640.63
$7,891 .69
$7,341.02
$4,279.28
$3,803.56
$1,902.87
$35,859.05
$171,705.14
$171,705.14
$171,705.14
QUOTE DATE: 01/24/2024
QUOTE NO: 42103325

4.13.2023
Item 1B - Page 20
carahsoft
For govDelivery Customers Only:

GOVERNMENT- PRICE QUOTATION
Granicus at Carahsoft
11493 SUNSET HILLS ROAD I SUITE 100 I RESTON, VIRGINIA 20190 PHONE (703) 871-8500 I FAX (703) 871-8505 I TOLL FREE (888) 66CARAH WWW.CARAHSOFT.COM I [email protected]
G G "R A NI CU S
Potential Users are based on the greater of quarterly website visits to the domains covered by a license or the subscriber base multiplied by 121 less 20% to account for inactive subscribers.

The Granicus Master Subscription Agreement can be found at www.granicus.com/Master_Subscription_Agreement

CONFIDENTIAL
PAGE4of4
QUOTE DATE:

QUOTE NO:
01/24/2024
42103325

4.13.2023
Item 1B - Page 21
G G"RANICUS
THIS IS NOT AN INVOICE Order Form
Prepared for
Palm Springs, CA
Granicus Order Form for Palm Springs, CA

ORDER DETAILS
Granicus Contact:

Email:

Order#:

Prepared On:

ORDER TERMS
Currency:

Payment Terms:

Current Billing Term
End Dale:

Period of Performance:

Order #: Q-311305
Prepared: 31 Jan 2024
Emery Henschel
emery.henschel @granicus.com
Q-311305
31 Jan 2024
USD
All fees set forth in the Quo te from reseller/distributor to Client are due and payable in accordance with those terms.
31 Dec 2023
l Jan 2024 - 31 Dec 2024

Page 1 of 4 ends

4.13.2023
Item 1B - Page 22
G G "RA N I C US

PRODUCT SUMMARY
Order Form
Prepared for
Palm Springs, CA
The specifications and terms within this Order Form are specific to the products and volumes contained herein.

NOTE: Fees for fhe below Products will be as sef forth in the quote from an authorized reseller.

One-'lffle Servlc•
Solution Billing Frequency Quantity/Unit
OneMeeting Agenda Automation - Configuration and Upon Delivery l Each Training OneMeeting Meeting Manager - Configuration and Upon Delivery l Each Training OneMeeting Committee Manager - Configuration and Upon Delivery l Each Training OneMeeting Laserfiche Integration - Setup and Upon Delivery l Each Configuration New SummlpHon1
Solution Billing Frequency Quantity/Unit
Agenda Automation - Tier l Annual l Each
Meeting Management - Tier l Annual l Each
Committee Management - Tier l Annual l Each
Member Voting - Tier l Annual l Each
Community Engagement - Tier l Annual l Each
Laserfiche Integration - Tier l Annual l Each
• Please note , annual fees for new subscriptions will be prorated to align to Client's then-current billing term. Exceptions include Recurring Captioning Services , SMS, and Targeted Messages.

Order# : Q-311305
Prepared : 31 Jan 2024

Page 2 of 4 ends

4.13.2023

Item 1B - Page 23
G G "RA N I C US

PRODUCT DESCRIPTIONS
Solution
Agenda Automation - Tier l
Meeting Management - Tier l
Committee Management - Tier
l
Member Voting - Tier l
OneMeeting Agenda
Automation - Configuration
and Training
OneMeeting Meeting Manager
- Configuration and Training
OneMeeting Committee
Manager - Configuration and
Training
Community Engagement - Tier
l
Laserfiche Integration - Tier l
OneMeeting Laserfiche
Integration - Setup and
Configuration
Order#: Q-311305
Prepared: 31 Jan 2024
Order Form
Palm Springs, CA
Description
Agenda Automation - Tier l Includes: 2 workflows, l post workflow, 2 forms and up to 4 meeting types
Meeting Management - Tier l Includes : 2 workflows, l post workflow Committee Management - Tier l Includes : up to 2 Unique Applications/Forms
Member Voting - Tier l Includes: Setup of voting members Agenda Automation - Analysis, Setup and Configuration ServicesThese services focus on the analysis of your agenda item approval process and the designing of the forms and workflows to faciliate the submittal and approval of agenda items.

Meeting Manager - Analysis, Setup and Configuration ServicesThese services focus on the analysis of your agenda , minutes and miscellaneous output templates; and your live meeting process . They also include the setup and configuration of the templates , motions and votes, public speaking and comment options (if purchased) and live meeting display .

Committee Manager - Analysis, Setup and Configuration ServicesThese services focus on the analysis of your application submittal and application approval processes as well as the setup, configuration and design of these processes.

Community Engagement - Tier l. Includes: Public Comment and Public Speaker Management
Laserfiche Integration - Tier l
Laserfiche Integration - Setup and Configuration ServicesWe will work with you to configure the Laserfiche integration so that you can add OneMeeting documents to Laserfic

Page 3 of 4 ends

4.13.2023

ATTACHMENT C

INSURANCE REQUIREMENTS

INSURANCE

1. Procurement and Maintenance of Insurance. Contractor shall procure and maintain public liability and property damage insurance against all claims for injuries against persons or damages to property resulting from Contractor’s performance under this Agreement. Contractor shall procure and maintain all insurance at its sole cost and expense, in a form and content satisfactory to the City, and submit concurrently with its execution of this Agreement. Contractor shall also carry workers’ compensation insurance in accordance with California workers’ compensation laws. Such insurance shall be kept in full force and effect during the term of this Agreement, including any extensions. Such insurance shall not be cancelable without thirty (30) days advance written notice to City of any proposed cancellati on. Certificates of insurance evidencing the foregoing and designating the City, its elected officials, officers, employees, agents, and volunteers as additional named insureds by original endorsement shall be delivered to and approved by City prior to commencement of services. The procuring of such insurance and the delivery of policies, certificates, and endorsements evidencing the same shall not be construed as a limitation of Contractor’s obligation to indemnify City, its elected officials, officers, agents, employees, and volunteers.

2. Minimum Scope of Insurance. The minimum amount of insurance required under this Agreement shall be as follows:

1. Comprehensive general liability and personal injury with limits of at least one million dollars ($1,000,000.00) combined single limit coverage per occurrence and two million dollars ($2,000,000) general aggregate;

2. Automobile liability insurance with limits of at least one million dollars ($1,000,000.00) per occurrence;

3. Professional liability (errors and omissions) insurance with limits of at least one million dollars ($1,000,000.00) per occurrence and two million dollars ($2,000,000) annual aggregate is:
_________ required
___x_____ is not required;

4. Workers’ Compensation insurance in the statutory amount as required by the State of California and Employer’s Liability Insurance with limits of at least one million dollars $1 million per occurrence. If Contractor has no employees, Contractor shall complete the City’s Request for Waiver of Workers’ Compensation Insurance Requirement form.

3. Primary Insurance. For any claims related to this Agreement, Contractor’s insurance coverage shall be primary with respect to the City and its respective elected officials, officers, employees, agents, and volunteers. Any insurance or self -insurance maintained by City and its respective elected officials, officers, employees, agents, and volunteers shall be in excess of Contractor’s insurance and shall not contribute with it. For Workers’ Compensation and Employer’s Liability Insurance only, the insurer shall waive all rights of subrogation and contribution it may have against City, its elected officials, officers, employees, agents, and volunteers.

4. Errors and Omissions Coverage. If Errors & Omissions Insurance is required, and if Contractor provides claims made professional liability insurance, Contractor shall also agree in writing either (1) to purchase tail insurance in the amount required by this Agreement to cover claims made within three years of the completion of Contractor’s Item 1B - Page 24

4.13.2023
services under this Agreement, or (2) to maintain professional liability insurance coverage with the same carrier in the amount required by this Agreement for at least three years after completion of Contractor’s services under this Agreement. Contractor shall also be required to provide evidence to City of the purchase of the required tail insurance or continuation of the professional liability policy.

5. Sufficiency of Insurers. Insurance required in this Agreement shall be provided by authorized insurers in good standing with the State of California. Coverage shall be provided by insurers admitted in the State of California with an A.M. Best’s Key Rating of B++, Class VII, or better, unless otherwise acceptable to the City.

6. Verification of Coverage. Contractor shall furnish City with both certificates of insurance and endorsements, including additional insured endorsements, effecting all of the coverages required by this Agreement. The certificates and endorsements are to be signed by a person authorized by that insurer to bind coverage on its behalf. All proof of insurance is to be received and approved by the City before work commences. City reserves the right to require Contractor’s insurers to provide complete, certified copies of all required insurance policies at any time. Additional insured endorsements are not required for Errors and Omissions and Workers’ Compensation policies.

Verification of Insurance coverage may be provided by: (1) an approved General and/or Auto Liability Endorsement Form for the City of Palm Springs or (2) an acceptable Certificate of Liability Insurance Coverage with an approved Additional Insured Endorsement with the following endorsements stated on the certificate:

A. "The City of Palm Springs, its officials, employees, and agents are named as an additional insured…” ("as respects City of Palm Springs Contract No.___" or "for any and all work performed with the City" may be included in this statement).

B. "This insurance is primary and non -contributory over any insurance or self - insurance the City may have..." ("as respects City of Palm Springs Contract No.___" or "for any and all work performed with the City" may be included in this statement).

C. "Should any of the above described policies be canceled before the expiration date thereof, the issuing company will mail 30 days written notice to the Certificate Holder named." Language such as, “endeavor to” mail and "but failure to mail such notice shall impose no obligation or liability of any kind upon the company, its agents or representative" is not acceptable and must be crossed out.

D. Both the Workers’ Compensation and Employers' Liability policies shall contain the insurer's waiver of subrogation in favor of City, its elected officials, officers, employees, agents, and volunteers.

In addition to the endorsements listed above, the City of Palm Springs shall be named the certificate holder on the policies.

All certificates of insurance and endorsements are to be received and approved by the City before work commences. All certificates of insurance must be authorized by a person with authority to bind coverage, whether that is the authorized agent/broker or insurance Item 1B - Page 25

4.13.2023
underwriter. Failure to obtain the required documents prior to the commencement of work shall not waive the Contractor’s obligation to provide them.

7. Deductibles and Self -Insured Retentions . Any deductibles or self -insured retentions must be declared to and approved by the City prior to commencing any work or services under this Agreement. At the option of the City, either (1) the insurer shall reduce or eliminate such deductibles or self-insured retentions with respect to the City, its elected officials, officers, employees, agents, and volunteers; or (2) Contractor shall procure a bond guaranteeing payment of losses and related investigations, claim administration, and defense expenses. Certificates of Insurance must include evidence of the amount of any deductible or self-insured retention under the policy. Contractor guarantees payment of all deductibles and self-insured retentions.

8. Severability of Interests (Separation of Insureds) . This insurance applies separately to each insured against whom claim is made or suit is brought except with respect to the limits of the insurer’s liability.

Item 1B - Page 26

4.13.2023

ATTACHMENT D
EXECUTIVE ORDER N-6-22 CERTIFICATION

Executive Order N -6-22 issued by Governor Gavin Newsom on March 4, 2022, directs all agencies and departments that are subject to the Governor’s authority to (a) terminate any contracts with any individuals or entities that are determined to be a target of economic sanctions against Russia and Russian entities and individuals; and (b) refrain from entering into any new contracts with such individuals or entities while the aforementioned sanctions are in effect.

Executive Order N-6-22 also requires that any contractor that: (1) currently has a contract with the City of Palm Springs funded through grant funds provided by the State of California; and/or (2) submits a bid or proposal or otherwise proposes to or enter into or renew a contract with the City of Palm Springs with State of California grant funds, certify that the person is not the target of any economic sanctions against Russia and Russian entities and individuals.

The contractor hereby certifies, SUBJECT TO PENALTY FOR PERJURY, that a) the contractor is not a target of any economic sanctions against Russian and Russian entities and individuals as discussed in Executive Order N -6-22 and b) the person signing below is duly authorized to legally bind the Contractor. This certification is made under the laws of the State of California.

Signature:

Printed Name:

Title:

Firm Name:

Date:

Item 1B - Page 27

ATTACHMENT B

Item 1B - Page 28

PUBLIC INTEGRITY DISCLOSURE

APPLICANT DISCLOSURE FORM

1. Name of Entity

2. Address of Entity (Principal Place of Business)

3. Local or California Address (if different than #2)

4. State where Entity is Registered with Secretary of State If
other than California, is the Entity also registered in California?  Yes  No

5. Type of Entity
 Corporation  Limited Liability Company  Partnership  Trust  Other (please specify)

6. Officers, Directors, Membe rs, Managers, Tru stees, O ther F iduciaries (please specify) Note: If any response is not a natural pe rson, please identify all off icers, directors, members, managers and other fiduciaries for the member, manager, trust, or other entity
________________________  Officer  Director  Member  Manager [name]  G eneral Partner  Limited Partner
Ot her ___________________________
_______________________________  Officer  Director  Member  Manager [name]  General Partner  Limited Partner
 Ot her __________________________
________________________________  Offi
cer  Director  Member  Manager
[name]  General Partner  Limited Partner
 Othe r __________________________
Carahsoft Technology Corp
11493 Sunset Hills Rd Suite 100 Reston VA 20190
MD
Craig Abod
Robert Moore
Kristina Smith
Item 1B - Page 29
i 7
-
I -
-
✓
-
v'
~
-
✓ -
✓
I
-
✓
I ___J

7. Owners/Investors with a 5% beneficial interest in the Applicant Entity or a related entity

EXAMPLE

JANE DOE

[name of owner/investor]

50%, ABC COMPANY, Inc.

[percentage of beneficial interest in entity and
name of entity]
A.

[name of owner/investor]

[percentage of beneficial interest in entity and
name of entity]
B.

[name of owner/investor]

[percentage of beneficial interest in entity and
name of entity]
C.

[name of owner/investor]

[percentage of beneficial interest in entity and
name of entity]
D.

[name of owner/investor]

[ percentage of beneficial interest in entity and
name of entity]
E.

[name of owner/investor]

[percentage of beneficial interest i n entity
and name of entity]

I DECLARE UNDER PENALTY OF PERJURY UNDER T HE LAWS OF T HE STA TE OF CALIFORNIA THAT THE FOREGOING IS TRUE AND CORRECT.

Signature of Disclosing Party, Printed Name, Title

Date

2/6/24
Item 1B - Page 30

City of Palm Springs, CA.

Business Disclosure Supplementary Instructions

In an effort to ensure we capture the required business entity information in accordance with the attached instructions, we prov ide you these supplementa ry i nstructions to clearly identif y the required information, and the format the information should be provided.

If you, as the applicant, are a business entity (i.e. a corporation or limited liability company), and it is also co mprised of other business e ntities as i ts members or having a financial interest, all other such bu siness entities must als o be d isclosed, including those e ntities o ther business entities, if any.

Ultimately, th e City’s disclosure document (attached) requires a listing identif ying a ll n atural persons having any financial interest over 5% of the business entities (and any other b usiness entities comprising your business entity).

As an example, Applicant is: Acme Brothers, Inc., a California corporation, whose officers are:

John D oe, Jill Doe, and Jay Doe, which is owned 50% by Acme B rothers, LLC, a Cal ifornia limited liabilit y co mpany, and John Doe (25% inte rest) and Ji ll Doe (25% i nterest). Acme Brothers, LLC, is managed by Acme Brothers 2, Inc ., a Califo rnia corporation, whose o fficers are: George Doe, Bill Doe, and Jane Doe, which is owned 100% by Ac me Brothers 2, LLC, a California limited liability comp any, w hich is managed by George Doe, with G eorge Doe and Jane Doe having 50% interest each.

The full business entity disclosure in this example would resemble the following:

1. Acme Brothers, Inc., a California corporation
a. Officers: John Doe, Jill Doe, and Jay Doe
b. Ownership:
i. 50% Acme Brothers, LLC, a California limited liability company ii. 25% John Doe
iii. 25% Jill Doe

2. Acme Br
ot hers, LLC, a California limited liability company
a. Managers: Acme Brothers 2, Inc., a California corporation b. Ownership: 100% Acme Brothers 2, Inc., a California corporation

3. Acme Brothers 2, Inc., a California corporation
a. Officers: George Doe, Bill Doe, and Jane Doe
b. Ownership: 100% Acme Brothers 2, LLC, a California limited liability company

4. Acme Brothers 2, LLC, a California limited liability company a. Managers: George Doe
b. Ownership:
i. 50%
Item 1B - Page 31

CITY COUNCIL STAFF REPORT

DATE: March 14, 2024 CONSENT CALENDAR

SUBJECT: ACCEPTANCE OF A RESIGNATION FROM THE ADMINISTRATIVE

APPEALS BOARD

FROM: Scott C. Stiles, City Manager

BY: Brenda Pree, City Clerk

RECOMMENDATION:

Accept the resignation of Michael Paonessa from the Administrative Appeals Board effective immediately.

BACKGROUND:

The City Council appointed Mayor Bernstein and Mayor Pro Tem deHarte to an Ad Hoc Subcommittee to screen applications and conduct interviews to fill vacancies on various Boards and Commissions. With this action, there are three (3) vacancies within the Administrative Appeals Board (two of which are alternate vacancies), one (1) vacancy on the Airport Commission, two (2) vacancies on the Parks and Recreation Commission, and one (1) vacancy on the Human Rights Commission. The annual recruitment is open through April 30, 2024.

FISCAL IMPACT
:

None.

REVIEWED BY:

Department Director: Brenda Pree
City Manager: Scott Stiles

ATTACHMENTS:

A. Email Resignation from Michael Paonessa

Item 1C - Page 1
=========--======f==----

ATTACHMENT A

Item 1C - Page 2
From: Mike Paonessa
To: Cassandra Edney
Cc: Mike Paonessa
Subject: PS Appeals Board resignation
Date: Thursday, March 7, 2024 8:41:25 AM
NOTICE: This message originated outside of The City of Palm Springs -- DO NOT CLICK on links or open attachments unless you are sure the content is safe.

Cassandra,
I first want to tell you that I have loved my time on the PS appeals board. It has always given me a great sense of contributing to a city I love.

Because of the conflict of interest issue, I sadly must resign my position on the appeals board effective immediately.

I sincerely apologize if this causes any issues for the board and please express my admiration and respect to the entire board and staff that I have had the privilege to work with for many years.

I will take care of the Form 700 very soon.

Best,
Mike
Mike Paonessa
C: 773-860-6453
E: [email protected]
Item 1C - Page 3
RESOLUTION NO. _____

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

PALM SPRINGS, CALIFORNIA, APPROVING PAYMENT OF

PAYROLL WARRANTS/DISBURSEMENTS FOR THE
PERIOD ENDING 02-03-24 AND 02-17-24 TOTALING
$4,705,161.37 AND ACCOUNTS PAYABLE WARRANTS
DATED 02-01-24 AND 02-15-24 TOTALING $11,684,755.79,
IN THE AGGREGATE AMOUNT OF $ 16,389,917.16,
DRAWN ON BANK OF AMERICA.

WHEREAS the Director of Finance has, in accordance with Chapter 3.16 of the Palm Springs Municipal Code, audited the payroll records covering the subject warrants and audited the claims and demands shown on the attached list; and

WHEREAS the Director of Finance hereby certifies to the accuracy of said records and to the availability of funds for payment.

Kristopher J. Mooney
Director of Finance and Treasury

NOW, THEREFORE BE IT RESOLVED by the City Council of the City of Palm Springs, California, that payroll warrants, claims, demands and liability checks have been audited as required by law and that said warrants are hereby approved for payment.

ADOPTED THIS 14TH DAY OF MARCH, 2024
.

SCOTT STILES

CITY MANAGER

ATTEST:

BRENDA PREE

CITY CLERK
Item 1D - Page 1

CERTIFICATION

STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.

CITY OF PALM SPRINGS )

I, BRENDA PREE , City Clerk of the City of Palm Springs, h ereby certify that Resolution No. ____ is a full, true and correct copy, and was duly adopted at a regular meeting of the City Council of the City of Palm Springs on _______________________, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Palm Springs, California, this ______ day of ______________, _________.

BRENDA PREE

CITY CLERK
Item 1D - Page 2

INTEROFFICE MEMORANDUM
TO: City Council
FROM: Kristopher J. Mooney, Director of Finance and Treasurer DATE:

RE: Payroll Wires and Warrants

FLEX SAVINGS ACCOUNT
TOTAL 2,367,476.51
DEFERRED COMP: NATIONWIDE 31,626.68
ICMA RHS CONTRIBUTION 23,325.00
CA DCCS 2,966.30
STATE TAXES 115,132.16
13,467.80
VENDOR WIRE PYMTS 5,874.16
DEFERRED COMP: ICMA 457 51,028.33
LIABILITY CHECK REGISTER 2015001-2015015 26,205.74
PAYROLL DIRECT DEPOSITS 1,742,457.91
FEDERAL TAXES 337,886.18
Transaction Type Check Numbers Amoun
t
PAYROLL CHECK REGISTER 422578-422587 17,506.25
March 14, 2024
PAYROLL PERIOD ENDING 2/3/2024
PAY DATE 2/9/2024
Payroll Wires and Warrants Memo for Council 2024.xlsx | 03142024 |2/29/2024 | 11:43 AM (AM) 1 | 1 Item 1D - Page 3

INTEROFFICE MEMORANDUM
TO: City Council
FROM: Kristopher J. Mooney, Director of Finance and Treasurer DATE:

RE: Payroll Wires and Warrants

FLEX SAVINGS ACCOUNT
TOTAL 2,337,684.86
DEFERRED COMP: NATIONWIDE 31,346.68
ICMA RHS CONTRIBUTION 23,225.00
CA DCCS 2,966.30
STATE TAXES 108,474.87
13,727.80
VENDOR WIRE PYMTS 5,766.58
DEFERRED COMP: ICMA 457 51,423.33
LIABILITY CHECK REGISTER 2015229-2015243 25,760.36
PAYROLL DIRECT DEPOSITS 1,714,492.16
FEDERAL TAXES 323,887.58
Transaction Type Check Numbers Amoun
t
PAYROLL CHECK REGISTER 422588-422589, 422591-422605 36,614.20 March 14, 2024
PAYROLL PERIOD ENDING 2/17/2024
PAY DATE 2/23/2024
Payroll Wires and Warrants Memo for Council 2024.xlsx | 03142024 (2) |2/29/2024 | 12:15 PM (AM) 1 | 1 Item 1D - Page 4
City of Palm Springs, CA

AP CHECK RECONCILIATION REGISTER
Report generated: 02/01/2024 10:43
User: PatrickW
Program ID: apchkrcn

Page 1 ends

FOR CASH ACCOUNT: 999 10005 FOR: All CHECK # CHECK DATE TYPE VENDOR NAME UNCLEARED CLEARED BATCH CLEAR DATE 2014749 02/01/2024 PRINTED 104562 2900 EAST RAMON ROAD LLC 3,398.00 2014750 02/01/2024 PRINTED 104375 4LEAF INC 76,012.50 2014751 02/01/2024 PRINTED 101208 ABM AVIATION INC 93,984.49 2014752 02/01/2024 PRINTED 100315 ACE PARKING MANAGEMENT IN 13,415.92 2014753 02/01/2024 PRINTED 101028 AEG MANAGEMENT PALM SPRIN 79,948.45 2014754 02/01/2024 PRINTED 101938 AEK CAPITAL MANAGEMENT LL 55,226.76 2014755 02/01/2024 PRINTED 101272 AIRWAVE COMMUNICATIONS EN 12,671.63 2014756 02/01/2024 PRINTED 101327 US SECURITY ASSOCIATES IN 14,924.13 2014757 02/01/2024 PRINTED 103797 ALLISON MECHANICAL INC 6,849.85 2014758 02/01/2024 PRINTED 100228 ALLSTAR FIRE EQUIPMENT IN 13,851.75 2014759 02/01/2024 PRINTED 104468 ALOE PALM CANYON LP 52,915.83 2014760 02/01/2024 PRINTED 101245 THE ALTUM GROUP 2,624.00 2014761 02/01/2024 PRINTED 100572 AMAZON COM 542.01 2014762 02/01/2024 PRINTED 103781 AMAZON.COM SALES INC 8,695.44 2014763 02/01/2024 PRINTED 100383 AMERICAN FORENSIC NURSES 781.30 2014764 02/01/2024 PRINTED 100036 AMERICAN LIBRARY ASSOCIAT 224.00 2014765 02/01/2024 PRINTED 016447 JESUS ARENAS 952.80 2014766 02/01/2024 PRINTED 103528 ARCHITECTURAL RESOURCES G 9,503.00 2014767 02/01/2024 PRINTED 104472 ARGONAUT INSURANCE COMPAN 300,000.00 2014768 02/01/2024 PRINTED 100413 B & H PHOTO 2,180.09 2014769 02/01/2024 PRINTED 103994 BANNER BANK 34,552.77 2014770 02/01/2024 PRINTED 104664 BRIAN BENEAT 186.61 2014771 02/01/2024 PRINTED 104386 BERG AND ASSOCIATES INC 21,061.14 2014772 02/01/2024 PRINTED 100139 BEST SIGNS INC. 657.59 2014773 02/01/2024 PRINTED 100366 BIO TOX LABORATORIES 1,555.00 2014774 02/01/2024 PRINTED 016055 BLAKE BONELLI 620.00 2014775 02/01/2024 PRINTED 104660 IZABELLA BREKHAMAN 10,800.00 2014776 02/01/2024 PRINTED 100128 BRODART CO 1,900.49 2014777 02/01/2024 PRINTED 101331 BRUCE BOWER INVESTIGATION 4,860.06 2014778 02/01/2024 PRINTED 100351 BRUDVIK INC 876.00 2014779 02/01/2024 PRINTED 104371 BUBBLE CARPET CLEANING LL 11,187.20 2014780 02/01/2024 PRINTED 015950 DANNY BUDUAN 25.11 2014781 02/01/2024 PRINTED 100173 ALLEN OLSON 431.54 2014782 02/01/2024 PRINTED 015951 JENNIFER RIVERA CALLEROS 618.00 2014783 02/01/2024 PRINTED 101428 CALTEC CORPORATION 167,044.50 2014784 02/01/2024 PRINTED 104629 CANYON VILLAS PLACE LLC 2,146.00 2014785 02/01/2024 PRINTED 103604 CAROLLO ENGINEERS INC 23,961.63 2014786 02/01/2024 PRINTED 104603 SAN MACEDONIO CO LP 7,144.31 2014787 02/01/2024 PRINTED 101837 CASC ENGINEERING AND CONS 10,860.34 2014788 02/01/2024 PRINTED 100353 CHARTER COMMUNICATIONS 284.97 2014789 02/01/2024 PRINTED 100353 CHARTER COMMUNICATIONS 548.41 2014790 02/01/2024 PRINTED 100353 CHARTER COMMUNICATIONS 1,300.00 2014791 02/01/2024 PRINTED 100353 CHARTER COMMUNICATIONS 548.41 2014792 02/01/2024 PRINTED 100353 CHARTER COMMUNICATIONS 548.41 2014793 02/01/2024 PRINTED 100353 CHARTER COMMUNICATIONS 548.41 2014794 02/01/2024 PRINTED 100353 CHARTER COMMUNICATIONS 129.99 2014795 02/01/2024 PRINTED 100353 CHARTER COMMUNICATIONS 548.41 2014796 02/01/2024 PRINTED 100353 CHARTER COMMUNICATIONS 219.98 2014797 02/01/2024 PRINTED 100353 CHARTER COMMUNICATIONS 159.04 2014798 02/01/2024 PRINTED 100353 CHARTER COMMUNICATIONS 195.18 2014799 02/01/2024 PRINTED 100353 CHARTER COMMUNICATIONS 129.99 2014800 02/01/2024 PRINTED 100353 CHARTER COMMUNICATIONS 235.65 Item 1D - Page 5
.. -: ,,,. . • ••• ~. mun1s· ~ a tyler erp solution
City of Palm Springs, CA

AP CHECK RECONCILIATION REGISTER
Report generated: 02/01/2024 10:43
User: PatrickW
Program ID: apchkrcn

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FOR CASH ACCOUNT: 999 10005 FOR: All CHECK # CHECK DATE TYPE VENDOR NAME UNCLEARED CLEARED BATCH CLEAR DATE 2014801 02/01/2024 PRINTED 100353 CHARTER COMMUNICATIONS 229.98 2014802 02/01/2024 PRINTED 100353 CHARTER COMMUNICATIONS 99.99 2014803 02/01/2024 PRINTED 100353 CHARTER COMMUNICATIONS 319.98 2014804 02/01/2024 PRINTED 100353 CHARTER COMMUNICATIONS 154.99 2014805 02/01/2024 PRINTED 100353 CHARTER COMMUNICATIONS 1,282.41 2014806 02/01/2024 PRINTED 100353 CHARTER COMMUNICATIONS 2,162.94 2014807 02/01/2024 PRINTED 100353 CHARTER COMMUNICATIONS 1,185.14 2014808 02/01/2024 PRINTED 100353 CHARTER COMMUNICATIONS 393.94 2014809 02/01/2024 PRINTED 100353 SPECTRUM ENTERPRISE/TIME 1,646.92 2014810 02/01/2024 PRINTED 100558 CINTAS CORPORATION 73.25 2014811 02/01/2024 PRINTED 100558 CINTAS CORPORATION 419.35 2014812 02/01/2024 PRINTED 100573 CLEAN ENERGY FUELS 3,709.40 2014813 02/01/2024 PRINTED 100652 CLEARS INC 75.00 2014814 02/01/2024 PRINTED 100308 CLINICAL LABORATORY OF SA 125.00 2014815 02/01/2024 PRINTED 101755 CNS ENGINEERS INC 68,099.39 2014816 02/01/2024 PRINTED 101634 CODE 3 TECHNOLOGY LLC 62,658.43 2014817 02/01/2024 PRINTED 103661 CODE 5 GROUP LLC 3,000.00 2014818 02/01/2024 PRINTED 104668 CAROLYN COLLINS 247.76 2014819 02/01/2024 PRINTED 103561 CORA CONSTRUCTORS INC 9,240.00 2014820 02/01/2024 PRINTED 101598 CORODATA RECORDS MANAGEME 66.20 2014821 02/01/2024 PRINTED 100088 COUNTY OF RIVERSIDE AUDIT 5,192.00 2014822 02/01/2024 PRINTED 100088 COUNTY OF RIVERSIDE 36,918.55 2014823 02/01/2024 PRINTED 100865 CPI / COBRA PROFESSIONALS 2,818.50 2014824 02/01/2024 PRINTED 015542 JOSHUA CROCKER 618.00 2014825 02/01/2024 PRINTED 104673 CRTY HOLDINGS LLC 4,500.00 2014826 02/01/2024 PRINTED 104675 COACHELLA VALLEY CHAPTER 300.00 2014827 02/01/2024 PRINTED 104013 DAILEY AND WELLS COMMUNIC 901.32 2014828 02/01/2024 PRINTED 100115 DANIELS TIRE SERVICE INC 1,333.35 2014829 02/01/2024 PRINTED 104528 DATASTREAM CABLING AND BU 10,592.22 2014830 02/01/2024 PRINTED 100195 DEPARTMENT OF JUSTICE-ACC 320.00 2014831 02/01/2024 PRINTED 100117 DESERT ELECTRIC SUPPLY 3,308.64 2014832 02/01/2024 PRINTED 100580 DESERT PROMOTIONAL EMBROI 482.20 2014833 02/01/2024 PRINTED 101177 DESERT WINDS FREEDOM BAND 5,000.00 2014834 02/01/2024 PRINTED 101751 DIAMOND ENVIRONMENTAL SER 1,936.50 2014835 02/01/2024 PRINTED 100254 DOKKEN ENGINEERING 14,577.75 2014836 02/01/2024 PRINTED 101244 DOWNS ENERGY 64,601.40 2014837 02/01/2024 PRINTED 100393 GERGIS YOUSEF 15,401.97 2014838 02/01/2024 PRINTED 101663 DTPS A-14 LLC 5,960.86 2014839 02/01/2024 PRINTED 100054 DESERT WATER AGENCY 3,831.43 2014840 02/01/2024 PRINTED 100054 DESERT WATER AGENCY 42,063.30 2014841 02/01/2024 PRINTED 100090 EBSCO 114.73 2014842 02/01/2024 PRINTED 100305 EISENHOWER MEDICAL CENTER 2,000.00 2014843 02/01/2024 PRINTED 100226 ENTERPRISE RENT A CAR 4,944.51 2014844 02/01/2024 PRINTED 101496 ESCOBEDO ENTERPRISES 2,550.00 2014845 02/01/2024 PRINTED 100081 FEDERAL EXPRESS CORPORATI 44.40 2014846 02/01/2024 PRINTED 016020 ERIK FERNANDEZ 548.39 2014847 02/01/2024 PRINTED 103451 FIESTA FORD INC 149,644.80 2014848 02/01/2024 PRINTED 015746 ROBERT FONTES 1,481.35 2014849 02/01/2024 PRINTED 100480 FRIENDS OF THE PS ANIMAL 97,528.96 2014850 02/01/2024 PRINTED 100740 FRONTIER COMMUNICATIONS C 88.24 2014851 02/01/2024 PRINTED 104598 GREAT AMERICAN INSURANCE 1,027,450.89 2014852 02/01/2024 PRINTED 100169 GENSLER 53,424.64 Item 1D - Page 6
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City of Palm Springs, CA

AP CHECK RECONCILIATION REGISTER
Report generated: 02/01/2024 10:43
User: PatrickW
Program ID: apchkrcn

Page 3 ends

FOR CASH ACCOUNT: 999 10005 FOR: All CHECK # CHECK DATE TYPE VENDOR NAME UNCLEARED CLEARED BATCH CLEAR DATE 2014853 02/01/2024 PRINTED 103948 PUSH MEDIA INC 77,755.06 2014854 02/01/2024 PRINTED 100536 GLS US A/R 40.68 2014855 02/01/2024 PRINTED 104658 ERICA GONZALEZ 65.00 2014856 02/01/2024 PRINTED 100313 GRANICUS INC 1,745.00 2014857 02/01/2024 PRINTED 100681 GREATER PALM SPRINGS PRID 27,000.00 2014858 02/01/2024 PRINTED 101672 GULF CALIFORNIA BROADCAST 1,770.00 2014859 02/01/2024 PRINTED 101343 HARRIS AND ASSOCIATES INC 105,063.28 2014860 02/01/2024 PRINTED 104383 HD SUPPLY INC 9,582.89 2014861 02/01/2024 PRINTED 101535 HINGEWERKS COMMERCIAL DOO 4,950.08 2014862 02/01/2024 PRINTED 103944 COREY IVAN HOLLAND 75,500.00 2014863 02/01/2024 PRINTED 100110 INTERNATIONAL ASSOCIATION 760.00 2014864 02/01/2024 PRINTED 100199 INTERNATIONAL CODE COUNCI 393.08 2014865 02/01/2024 PRINTED 104575 INVESTMENT CONCEPTS 4,610.01 2014866 02/01/2024 PRINTED 104575 INVESTMENT CONCEPTS 12,881.31 2014867 02/01/2024 PRINTED 103751 JOBELEPHANT.COM INC 349.00 2014868 02/01/2024 PRINTED 103963 JOHN FRIEDMAN ALICE KIMM 20,036.09 2014869 02/01/2024 PRINTED 101666 JUSTFOIA INC 5,687.74 2014870 02/01/2024 PRINTED 100336 KEENAN AND ASSOCIATES 19,679.11 2014871 02/01/2024 PRINTED 103525 KGAY PSP CORPORATION 1,100.00 2014872 02/01/2024 PRINTED 100177 KIMLEY HORN AND ASSOCIATE 4,387.50 2014873 02/01/2024 PRINTED 101606 KINCAID INDUSTRIES INC 50,941.85 2014874 02/01/2024 PRINTED 104656 ERIC KRUT 1,077.50 2014875 02/01/2024 PRINTED 104613 LA INVESTMENTS CO INTERNA 7,200.00 2014876 02/01/2024 PRINTED 104657 LA MIRADA DEV LLC 800.00 2014877 02/01/2024 PRINTED 101713 LESAR DEVELOPMENT CONSULT 760.00 2014878 02/01/2024 PRINTED 015882 TRAVIS LEVINSON 360.00 2014879 02/01/2024 PRINTED 101260 THE LLOYD PEST CONTROL 1,368.00 2014880 02/01/2024 PRINTED 104662 DAVID MAGID 2,361.60 2014881 02/01/2024 PRINTED 100849 MANSFIELD POWER AND GAS L 65,843.24 2014882 02/01/2024 PRINTED 101253 CHECKMATE TELEPHONE EXCHA 193.50 2014883 02/01/2024 PRINTED 101003 MCA DIRECT 265.75 2014884 02/01/2024 PRINTED 016358 ALLEN MCNABB 131.32 2014885 02/01/2024 PRINTED 104269 MEAD AND HUNT INC 42,056.77 2014886 02/01/2024 PRINTED 104365 MEDIWASTE DISPOSAL LLC 450.30 2014887 02/01/2024 PRINTED 104661 MEISTERHAUS INC 8,853.28 2014888 02/01/2024 PRINTED 101798 MIDWEST TAPE INC 1,300.25 2014889 02/01/2024 PRINTED 104670 MICHAEL MILLER 800.00 2014890 02/01/2024 PRINTED 103926 MUNICIPAL INFORMATION TEC 3,000.00 2014891 02/01/2024 PRINTED 103896 MOHAWK COMMERCIAL INC 4,284.64 2014892 02/01/2024 PRINTED 100079 MOHICA TOWING 2,047.00 2014893 02/01/2024 PRINTED 104649 MOSAIC PUBLIC PARTNERS LL 7,500.00 2014894 02/01/2024 PRINTED 101855 MOTOWORX GARAGE 3,273.56 2014895 02/01/2024 PRINTED 101304 MWH CONSTRUCTORS INC 57,017.60 2014896 02/01/2024 PRINTED 104507 17834 BURBANK INVESTMENTS 7,350.00 2014897 02/01/2024 PRINTED 101211 NAI CONSULTING 14,277.00 2014898 02/01/2024 PRINTED 103465 DESERT AREA CORPORATION 30,794.77 2014899 02/01/2024 PRINTED 015431 DAN NAVA 960.42 2014900 02/01/2024 PRINTED 104672 CATHERINE CODY NEMIROVSKY 300.00 2014901 02/01/2024 PRINTED 103900 ODP BUSINESS SOLUTIONS 18,596.22 2014902 02/01/2024 PRINTED 103900 ODP BUSINESS SOLUTIONS 8,665.43 2014903 02/01/2024 PRINTED 103821 SHEEHAN'S OFFICE INTERIOR 639.07 2014904 02/01/2024 PRINTED 104266 OFRS INC 81,350.66 Item 1D - Page 7
.. -: ,,,. . • ••• ~. mun1s· ~ a tyler erp solution
City of Palm Springs, CA

AP CHECK RECONCILIATION REGISTER
Report generated: 02/01/2024 10:43
User: PatrickW
Program ID: apchkrcn

Page 4 ends

FOR CASH ACCOUNT: 999 10005 FOR: All CHECK # CHECK DATE TYPE VENDOR NAME UNCLEARED CLEARED BATCH CLEAR DATE 2014905 02/01/2024 PRINTED 103889 OLLIN DOCK & DOOR INC 31,603.14 2014906 02/01/2024 PRINTED 104612 OOTTRR INC 8,000.00 2014907 02/01/2024 PRINTED 100282 PACIFIC PRODUCTS AND SERV 4,082.63 2014908 02/01/2024 PRINTED 104543 GOLF CLUB LLC 6,445.00 2014909 02/01/2024 PRINTED 104517 PALM CANYON VILLAS LLC 7,504.00 2014910 02/01/2024 PRINTED 100489 PALM SPRINGS BLACK HISTOR 35,000.00 2014911 02/01/2024 PRINTED 100569 PALM SPRINGS CHAMBER OF C 11,500.00 2014912 02/01/2024 PRINTED 100003 PALM SPRINGS DISPOSAL SER 193.48 2014913 02/01/2024 PRINTED 100133 PALM SPRINGS MOTORS 431.47 2014914 02/01/2024 PRINTED 104581 PALM SPRINGS REALTY HOLDI 14,905.18 2014915 02/01/2024 PRINTED 103848 PROFESSIONAL ASBESTOS REM 10,747.00 2014916 02/01/2024 PRINTED 104585 PHOKUS RESEARCH GROUP INC 2,401.65 2014917 02/01/2024 PRINTED 104677 KRISTOPHER PROFFITT 56.00 2014918 02/01/2024 PRINTED 101767 PROFORMA SOCAL 2,246.80 2014919 02/01/2024 PRINTED 100231 PRUDENTIAL OVERALL SUPPLY 1,859.48 2014920 02/01/2024 PRINTED 100654 PS RESORTS 84,945.72 2014921 02/01/2024 PRINTED 100476 PS SMOG 200.00 2014922 02/01/2024 PRINTED 100550 PVP COMMUNICATIONS 15,687.80 2014923 02/01/2024 PRINTED 103563 PYRO-COMM SYSTEMS INC 70.00 2014924 02/01/2024 PRINTED 100306 QUALITY CODE PUBLISHING 4,658.50 2014925 02/01/2024 PRINTED 104669 GERMAN H SORRANO RAMIREZ 750.00 2014926 02/01/2024 PRINTED 104486 RED HAWK SERVICES INC 37,996.98 2014927 02/01/2024 PRINTED 101739 REFRIGERATION SUPPLIES DI 8,512.81 2014928 02/01/2024 PRINTED 100453 RIVERSIDE COUNTY SHERIFF 47,774.85 2014929 02/01/2024 PRINTED 100400 ROBERT HALF 11,336.59 2014930 02/01/2024 PRINTED 104663 SHAWN ROWLES 1,659.00 2014931 02/01/2024 PRINTED 101823 ROYAL CANIN 1,327.20 2014932 02/01/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 278.53 2014933 02/01/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 50,142.04 2014934 02/01/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 8,796.37 2014935 02/01/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 1,307.20 2014936 02/01/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 2,078.26 2014937 02/01/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 18.64 2014938 02/01/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 1,573.32 2014939 02/01/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 128.16 2014940 02/01/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 211.75 2014941 02/01/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 163.39 2014942 02/01/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 203.09 2014943 02/01/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 619.50 2014944 02/01/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 385.88 2014945 02/01/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 357.70 2014946 02/01/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 705.00 2014947 02/01/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 4,155.04 2014948 02/01/2024 PRINTED 100546 SHADE STRUCTURES INC 62,530.98 2014949 02/01/2024 PRINTED 103804 WEST AVIATION SERVICES-SA 42,112.00 2014950 02/01/2024 PRINTED 104618 LARRY L SIMON 4,000.00 2014951 02/01/2024 PRINTED 100010 SMOKE TREE STABLES 840.00 2014952 02/01/2024 PRINTED 100022 SOUTHERN CALIFORNIA GAS C 80.09 2014953 02/01/2024 PRINTED 100022 SOUTHERN CALIFORNIA GAS C 443.81 2014954 02/01/2024 PRINTED 100022 SOUTHERN CALIFORNIA GAS C 66.27 2014955 02/01/2024 PRINTED 101822 SO CAL LAND MAINTENANCE I 27,540.00 2014956 02/01/2024 PRINTED 101677 SOCAL PPE LLC 1,719.11 Item 1D - Page 8
.. -: ,,,. . • ••• ~. mun1s· ~ a tyler erp solution
City of Palm Springs, CA

AP CHECK RECONCILIATION REGISTER
Report generated: 02/01/2024 10:43
User: PatrickW
Program ID: apchkrcn

Page 5 ends

FOR CASH ACCOUNT: 999 10005 FOR: All CHECK # CHECK DATE TYPE VENDOR NAME UNCLEARED CLEARED BATCH CLEAR DATE 2014957 02/01/2024 PRINTED 100000 SOUTH COAST AQMD 665.26 2014958 02/01/2024 PRINTED 100327 SOUTH COAST LLC 43,318.87 2014959 02/01/2024 PRINTED 104441 SOUTHSTAR ENGINEERING AND 7,019.00 2014960 02/01/2024 PRINTED 100577 SPARKLETTS - DS SERVICES 82.93 2014961 02/01/2024 PRINTED 101356 ST FRANCIS ELECTRIC LLC 20,746.05 2014962 02/01/2024 PRINTED 100284 STANTEC CONSULTING SVCS I 36,378.27 2014963 02/01/2024 PRINTED 103901 STEVE P RADOS INC 641,392.60 2014964 02/01/2024 PRINTED 104099 STEVEN ENTERPRISES INC 1,679.00 2014965 02/01/2024 PRINTED 104391 LISA RENEE BOTTS 175.00 2014966 02/01/2024 PRINTED 016195 THERESA SWEENEY 107.00 2014967 02/01/2024 PRINTED 103782 T-MOBILE USA INC 75.00 2014968 02/01/2024 PRINTED 100900 TERRA NOVA PLANNING AND R 9,406.25 2014969 02/01/2024 PRINTED 104096 TILDEN COIL CONSTRUCTORS 1,850,179.67 2014970 02/01/2024 PRINTED 104184 TK ELEVATOR CORPORATION 8,600.00 2014971 02/01/2024 PRINTED 016484 ARIEL TOLEFREE-WILLIAMS 30.96 2014972 02/01/2024 PRINTED 103902 TOWNSEND PUBLIC AFFAIRS I 6,000.00 2014973 02/01/2024 PRINTED 103796 TRANSCORE HOLDINGS INC 10,192.00 2014974 02/01/2024 PRINTED 102712 TSG ENTERPRISES, INC. 4,154.00 2014975 02/01/2024 PRINTED 104676 TWIN PALMS LLC 5,339.00 2014976 02/01/2024 PRINTED 100386 U S CUSTOMS SERVICE 2,703.82 2014977 02/01/2024 PRINTED 100063 UNDERGROUND SERVICE ALERT 826.67 2014978 02/01/2024 PRINTED 100114 UNITED RENTALS NA INC 4,460.19 2014979 02/01/2024 PRINTED 100295 US BANK CORPORATE PAYMENT 142,099.16 2014980 02/01/2024 PRINTED 100252 USDA APHIS 3,638.43 2014981 02/01/2024 PRINTED 104513 UTOPIA MANAGEMENT INC 8,306.44 2014982 02/01/2024 PRINTED 101784 V AND V MANUFACTURING 446.66 2014983 02/01/2024 PRINTED 100200 VALLEY LOCK AND SAFE 13,399.00 2014984 02/01/2024 PRINTED 100066 VALLEY MAIL DELIVERY 5,341.62 2014985 02/01/2024 PRINTED 015572 ROBERTO VELAZQUEZ 1,500.00 2014986 02/01/2024 PRINTED 100267 VEOLIA WATER NORTH AMERIC 420,692.65 2014987 02/01/2024 PRINTED 104034 VERDE FACILITIES SERVICES 61,715.00 2014988 02/01/2024 PRINTED 100621 VERIZON BUSINESS 342.31 2014989 02/01/2024 PRINTED 100144 VERIZON WIRELESS 7,971.43 2014990 02/01/2024 PRINTED 100144 VERIZON WIRELESS 2,375.26 2014991 02/01/2024 PRINTED 100144 VERIZON WIRELESS 2,329.75 2014992 02/01/2024 PRINTED 100121 VISIT GREATER PALM SPRING 116,033.19 2014993 02/01/2024 PRINTED 101537 VISUAL EDGE INC DBA IMAGE 4,246.32 2014994 02/01/2024 PRINTED 104665 IMANI WALKER 65.00 2014995 02/01/2024 PRINTED 100938 BRIAN WANZEK 350.00 2014996 02/01/2024 PRINTED 101220 WATERLINE TECHNOLOGIES IN 4,327.60 2014997 02/01/2024 PRINTED 100222 WEST COAST ARBORISTS INC 54,585.00 2014998 02/01/2024 PRINTED 104671 DEBRA WILLIAMS 800.00 2014999 02/01/2024 PRINTED 101311 XEROX FINANCIAL SERVICES 94,561.68 2015000 02/01/2024 PRINTED 100268 ZOLL MEDICAL CORPORATION 2,607.60 252 CHECKS CASH ACCOUNT TOTAL 7,732,048.67 .00 Item 1D - Page 9
.. -: ,,,. . • ••• ~. mun1s· ~ a tyler erp solution
City of Palm Springs, CA

AP CHECK RECONCILIATION REGISTER
Report generated: 02/01/2024 10:43
User: PatrickW
Program ID: apchkrcn

Page 6 ends

UNCLEARED CLEARED
252 CHECKS FINAL TOTAL 7,732,048.67 .00 ** END OF REPORT - Generated by Patrick Wynhoff **
Item 1D - Page 10
.. -: ,,,. . • ••• ~. mun1s· ~ a tyler erp solution
City of Palm Springs, CA

AP CHECK RECONCILIATION REGISTER
Report generated: 02/15/2024 11:45
User: PatrickW
Program ID: apchkrcn

Page 1 ends

FOR CASH ACCOUNT: 999 10005 FOR: All CHECK # CHECK DATE TYPE VENDOR NAME UNCLEARED CLEARED BATCH CLEAR DATE 2015016 02/15/2024 PRINTED 100824 15000 INC 3,255.00 2015017 02/15/2024 PRINTED 104562 2900 EAST RAMON ROAD LLC 9,212.04 2015018 02/15/2024 PRINTED 104532 2990 TAHQUITZ CANYON WAY 2,143.90 2015019 02/15/2024 PRINTED 104532 2990 TAHQUITZ CANYON WAY 8,242.95 2015020 02/15/2024 PRINTED 100292 ADMINSURE INC 20,389.00 2015021 02/15/2024 PRINTED 101028 AEG MANAGEMENT PALM SPRIN 114,116.67 2015022 02/15/2024 PRINTED 101028 AEG MANAGEMENT PALM SPRIN 200,305.83 2015023 02/15/2024 PRINTED 101028 AEG MANAGEMENT PALM SPRIN 9,805.92 2015024 02/15/2024 PRINTED 101028 AEG MANAGEMENT PALM SPRIN 57,106.46 2015025 02/15/2024 PRINTED 100403 AETNA 21,038.70 2015026 02/15/2024 PRINTED 104401 HEALTH AND HUMAN RESOURCE 999.40 2015027 02/15/2024 PRINTED 101327 US SECURITY ASSOCIATES IN 112,668.70 2015028 02/15/2024 PRINTED 103797 ALLISON MECHANICAL INC 9,663.90 2015029 02/15/2024 PRINTED 100755 ALTA LANGUAGE SERVICES IN 66.00 2015030 02/15/2024 PRINTED 101245 THE ALTUM GROUP 8,835.02 2015031 02/15/2024 PRINTED 103781 AMAZON.COM SALES INC 389.62 2015032 02/15/2024 PRINTED 100383 AMERICAN FORENSIC NURSES 2,569.94 2015033 02/15/2024 PRINTED 104248 AMS.NET INC 66,043.68 2015034 02/15/2024 PRINTED 104681 ANDREA RUMERY 1,500.00 2015035 02/15/2024 PRINTED 016325 JANELLA ANDREWS 1,095.27 2015036 02/15/2024 PRINTED 104496 AQUATECH WATER SYSTEMS IN 413.00 2015037 02/15/2024 PRINTED 104687 ALICIA ARAGON 9,600.00 2015038 02/15/2024 PRINTED 101772 ASCO POWER SERVICES INC 4,166.35 2015039 02/15/2024 PRINTED 100370 AT&T 305.29 2015040 02/15/2024 PRINTED 016393 ERNESTO BALCAZAR 1,400.30 2015041 02/15/2024 PRINTED 103994 BANNER BANK 19,076.90 2015042 02/15/2024 PRINTED 101049 MARY BARSALEAU 1,480.50 2015043 02/15/2024 PRINTED 104386 BERG AND ASSOCIATES INC 2,846.10 2015044 02/15/2024 PRINTED 101576 BIG SHOW INDUSTRIES INC 19,500.00 2015045 02/15/2024 PRINTED 104688 MICHAEL BLASINGAME 240.00 2015046 02/15/2024 PRINTED 100207 BLUE SHIELD OF CALIFORNIA 788,110.08 2015047 02/15/2024 PRINTED 101463 BSN SPORTS LLC 1,651.72 2015048 02/15/2024 PRINTED 101203 BUREAU VERITAS NORTH AMER 113,519.53 2015049 02/15/2024 PRINTED 100623 CA BUILDING STANDARDS COM 2,338.20 2015050 02/15/2024 PRINTED 016284 HEATHER CAIN 700.57 2015051 02/15/2024 PRINTED 100347 CALIFORNIA BUILDING OFFIC 245.00 2015052 02/15/2024 PRINTED 103778 CALIFORNIA WATER OPERATOR 400.00 2015053 02/15/2024 PRINTED 100551 CAPIO 30.00 2015054 02/15/2024 PRINTED 016293 VICTORIA CARPENTER 2,192.23 2015055 02/15/2024 PRINTED 015562 MICHAEL CASAVAN 519.22 2015056 02/15/2024 PRINTED 103619 CHANDLER ASSET MANAGEMENT 27,123.90 2015057 02/15/2024 PRINTED 100353 CHARTER COMMUNICATIONS 19.99 2015058 02/15/2024 PRINTED 100353 CHARTER COMMUNICATIONS 234.99 2015059 02/15/2024 PRINTED 100353 CHARTER COMMUNICATIONS 548.41 2015060 02/15/2024 PRINTED 100353 CHARTER COMMUNICATIONS 548.41 2015061 02/15/2024 PRINTED 100353 CHARTER COMMUNICATIONS 209.97 2015062 02/15/2024 PRINTED 100353 CHARTER COMMUNICATIONS 107.98 2015063 02/15/2024 PRINTED 100353 CHARTER COMMUNICATIONS 548.41 2015064 02/15/2024 PRINTED 100353 CHARTER COMMUNICATIONS 1,300.00 2015065 02/15/2024 PRINTED 100353 CHARTER COMMUNICATIONS 199.99 2015066 02/15/2024 PRINTED 100353 SPECTRUM ENTERPRISE/TIME 66.66 2015067 02/15/2024 PRINTED 100353 SPECTRUM ENTERPRISE/TIME 1,646.92 Item 1D - Page 11
.. -: ,,,. . • ••• ~. mun1s· ~ a tyler erp solution
City of Palm Springs, CA

AP CHECK RECONCILIATION REGISTER
Report generated: 02/15/2024 11:45
User: PatrickW
Program ID: apchkrcn

Page 2 ends

FOR CASH ACCOUNT: 999 10005 FOR: All CHECK # CHECK DATE TYPE VENDOR NAME UNCLEARED CLEARED BATCH CLEAR DATE 2015068 02/15/2024 PRINTED 100558 CINTAS CORPORATION 332.72 2015069 02/15/2024 PRINTED 104480 CITYGATE ASSOCIATES LLC 27,899.31 2015070 02/15/2024 PRINTED 100029 COACHELLA VALLEY ASSOCIAT 2,212.00 2015071 02/15/2024 PRINTED 100928 COLANTUONO HIGHSMITH AND 250.00 2015072 02/15/2024 PRINTED 101238 CONSERVE LANDCARE LLC 104,208.85 2015073 02/15/2024 PRINTED 104683 CONTINENTAL GARDENS ASSOC 3,700.00 2015074 02/15/2024 PRINTED 100205 NANCY K BOHL INC 600.00 2015075 02/15/2024 PRINTED 104695 COACHELLA VALLEY JOURNALI 1,750.00 2015076 02/15/2024 PRINTED 104695 COACHELLA VALLEY JOURNALI 1,000.00 2015077 02/15/2024 PRINTED 100115 DANIELS TIRE SERVICE INC 477.00 2015078 02/15/2024 PRINTED 100318 DATA TICKET INC 5,942.60 2015079 02/15/2024 PRINTED 100679 DEEPWELL ESTATES NEIGHBOR 367.00 2015080 02/15/2024 PRINTED 101281 DELTA DENTAL INSURANCE CO 1,909.51 2015081 02/15/2024 PRINTED 101282 DELTA DENTAL OF CALIFORNI 21,502.60 2015082 02/15/2024 PRINTED 100067 DEMCO 168.42 2015083 02/15/2024 PRINTED 100195 DEPARTMENT OF JUSTICE-ACC 35.00 2015084 02/15/2024 PRINTED 103589 DESERT ARC 625.00 2015085 02/15/2024 PRINTED 104524 DESERT BOUTIQUE TMO LLC 4,508.16 2015086 02/15/2024 PRINTED 104692 DESERT HIGHLANDS ASSOCIAT 2,691.00 2015087 02/15/2024 PRINTED 104685 DORK INDUSTRIES TOO LLC 6,190.00 2015088 02/15/2024 PRINTED 100393 GERGIS YOUSEF 2,066.45 2015089 02/15/2024 PRINTED 100984 DTPS C-15 LLC 3,376.53 2015090 02/15/2024 PRINTED 101179 MARIANA DUSPIVA 2,100.00 2015091 02/15/2024 PRINTED 100054 DESERT WATER AGENCY 8,289.01 2015092 02/15/2024 PRINTED 100054 DESERT WATER AGENCY 69.25 2015093 02/15/2024 PRINTED 100054 DESERT WATER AGENCY 438.04 2015094 02/15/2024 PRINTED 100054 DESERT WATER AGENCY 69.25 2015095 02/15/2024 PRINTED 100054 DESERT WATER AGENCY 41.82 2015096 02/15/2024 PRINTED 100054 DESERT WATER AGENCY 24,526.84 2015097 02/15/2024 PRINTED 101648 ECITY TRANSACTIONS LLC 600.00 2015098 02/15/2024 PRINTED 103829 EMERGENCY RESILIENCE LLC 3,935.52 2015099 02/15/2024 PRINTED 101293 ENGIE SERVICES U.S. INC. 235,463.90 2015100 02/15/2024 PRINTED 100217 EWING IRRIGATION PRODUCTS 3,340.71 2015101 02/15/2024 PRINTED 100369 FAIR HOUSING COUNCIL OF R 8,699.62 2015102 02/15/2024 PRINTED 101194 FLEX ADVANTAGE 1,333.50 2015103 02/15/2024 PRINTED 100740 FRONTIER COMMUNICATIONS C 150.07 2015104 02/15/2024 PRINTED 100740 FRONTIER COMMUNICATIONS C 1,693.89 2015105 02/15/2024 PRINTED 100740 FRONTIER COMMUNICATIONS C 1,099.16 2015106 02/15/2024 PRINTED 100740 FRONTIER COMMUNICATIONS C 10,892.87 2015107 02/15/2024 PRINTED 100740 FRONTIER COMMUNICATIONS C 64.35 2015108 02/15/2024 PRINTED 100740 FRONTIER COMMUNICATIONS C 1,499.99 2015109 02/15/2024 PRINTED 100740 FRONTIER COMMUNICATIONS C 490.71 2015110 02/15/2024 PRINTED 100724 BGF LLC / GAY DESERT GUID 250.00 2015111 02/15/2024 PRINTED 016452 JACOB GONZALEZ 1,153.58 2015112 02/15/2024 PRINTED 104164 GOVERNORS OFFICE OF BUSIN 33,606.13 2015113 02/15/2024 PRINTED 010942 EDWARD GRAFF 210.00 2015114 02/15/2024 PRINTED 100313 GRANICUS INC 1,745.00 2015115 02/15/2024 PRINTED 104185 WENDY GRAY 6,200.00 2015116 02/15/2024 PRINTED 104516 GROUP 4 ARCHITECTURE RESE 145,691.50 2015117 02/15/2024 PRINTED 103998 JANE M GUY 910.00 2015118 02/15/2024 PRINTED 104182 HAMPTON TEDDER TECHNICAL 24,193.18 2015119 02/15/2024 PRINTED 100564 HARRELL COMPANY ADVISORS 9,750.00 Item 1D - Page 12
.. -: ,,,. . • ••• ~. mun1s· ~ a tyler erp solution
City of Palm Springs, CA

AP CHECK RECONCILIATION REGISTER
Report generated: 02/15/2024 11:45
User: PatrickW
Program ID: apchkrcn

Page 3 ends

FOR CASH ACCOUNT: 999 10005 FOR: All CHECK # CHECK DATE TYPE VENDOR NAME UNCLEARED CLEARED BATCH CLEAR DATE 2015120 02/15/2024 PRINTED 101343 HARRIS AND ASSOCIATES INC 81,686.41 2015121 02/15/2024 PRINTED 100729 HIRE RIGHT LLC 1,712.22 2015122 02/15/2024 PRINTED 104694 HORIZON REAL ESTATE 8,750.00 2015123 02/15/2024 PRINTED 100483 INFOSAT 225.96 2015124 02/15/2024 PRINTED 104038 J & L AUTO BODY INC 28,434.53 2015125 02/15/2024 PRINTED 104654 JACOB GREEN AND ASSOCIATE 2,800.00 2015126 02/15/2024 PRINTED 101510 KC'S LAWNMOWER SHOP LLC 74.30 2015127 02/15/2024 PRINTED 016436 MAX KIRK 5.62 2015128 02/15/2024 PRINTED 101475 LA PRENSA HISPANA INC 2,900.00 2015129 02/15/2024 PRINTED 016297 ROSS LAIRD 743.55 2015130 02/15/2024 PRINTED 015621 BARRON LANE 5.62 2015131 02/15/2024 PRINTED 104689 PRESTON LESTER 240.00 2015132 02/15/2024 PRINTED 103753 LIFE INSURANCE COMPANY OF 42,221.37 2015133 02/15/2024 PRINTED 100404 LIN LINES INC. 2,236.00 2015134 02/15/2024 PRINTED 100605 LOS ANGELES COUNTY AUDITO 1,031.00 2015135 02/15/2024 PRINTED 103726 LY ENVIRONMENTAL INC 750.00 2015136 02/15/2024 PRINTED 101253 CHECKMATE TELEPHONE EXCHA 1,836.34 2015137 02/15/2024 PRINTED 016358 ALLEN MCNABB 773.86 2015138 02/15/2024 PRINTED 104365 MEDIWASTE DISPOSAL LLC 25.38 2015139 02/15/2024 PRINTED 016290 DANIEL MEIER 1,111.66 2015140 02/15/2024 PRINTED 101798 MIDWEST TAPE INC 1,337.77 2015141 02/15/2024 PRINTED 015957 MICHAEL MILAN 381.24 2015142 02/15/2024 PRINTED 100266 MIRACLE RECREATION EQUIPM 104,327.45 2015143 02/15/2024 PRINTED 103896 MOHAWK COMMERCIAL INC 22,025.42 2015144 02/15/2024 PRINTED 100079 MOHICA TOWING 230.00 2015145 02/15/2024 PRINTED 104617 STERLING ASSETS MANAGEMEN 3,570.00 2015146 02/15/2024 PRINTED 016389 KRISTOPHER MOONEY 1,060.31 2015147 02/15/2024 PRINTED 015596 VICTOR MOROLES 403.49 2015148 02/15/2024 PRINTED 016133 JOHNATHAN MOSLEY 612.00 2015149 02/15/2024 PRINTED 101855 MOTOWORX GARAGE 158.54 2015150 02/15/2024 PRINTED 100148 NALCO COMPANY 9,682.35 2015151 02/15/2024 PRINTED 104057 DONNA S NEWTON 357.00 2015152 02/15/2024 PRINTED 100417 NI GOVERNMENT SERVICES IN 298.31 2015153 02/15/2024 PRINTED 103900 ODP BUSINESS SOLUTIONS 8,736.39 2015154 02/15/2024 PRINTED 103900 ODP BUSINESS SOLUTIONS 8,648.11 2015155 02/15/2024 PRINTED 104266 OFRS INC 75,999.93 2015156 02/15/2024 PRINTED 103889 OLLIN DOCK & DOOR INC 14,027.72 2015157 02/15/2024 PRINTED 102644 JAMES OLSON 677.00 2015158 02/15/2024 PRINTED 100282 PACIFIC PRODUCTS AND SERV 3,303.72 2015159 02/15/2024 PRINTED 104543 GOLF CLUB LLC 6,655.00 2015160 02/15/2024 PRINTED 100569 PALM SPRINGS CHAMBER OF C 9,110.07 2015161 02/15/2024 PRINTED 103848 PROFESSIONAL ASBESTOS REM 7,842.00 2015162 02/15/2024 PRINTED 101767 PROFORMA SOCAL 342.77 2015163 02/15/2024 PRINTED 100596 PROPER SOLUTIONS INC 22,064.34 2015164 02/15/2024 PRINTED 100231 PRUDENTIAL OVERALL SUPPLY 404.30 2015165 02/15/2024 PRINTED 103895 PUB CONSTRUCTION INC 74,823.19 2015166 02/15/2024 PRINTED 101580 QUINN POWER SYSTEMS 4,345.60 2015167 02/15/2024 PRINTED 016206 CARLOS RAMIREZ 575.50 2015168 02/15/2024 PRINTED 101629 THE RAMSAY GROUP 4,950.00 2015169 02/15/2024 PRINTED 104616 RANCHERIA DEL SOL PARTNER 2,930.00 2015170 02/15/2024 PRINTED 101739 REFRIGERATION SUPPLIES DI 4,375.15 2015171 02/15/2024 PRINTED 100950 RIVERSIDE UNIVERSITY HEAL 800.00 Item 1D - Page 13
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City of Palm Springs, CA

AP CHECK RECONCILIATION REGISTER
Report generated: 02/15/2024 11:45
User: PatrickW
Program ID: apchkrcn

Page 4 ends

FOR CASH ACCOUNT: 999 10005 FOR: All CHECK # CHECK DATE TYPE VENDOR NAME UNCLEARED CLEARED BATCH CLEAR DATE 2015172 02/15/2024 PRINTED 100400 ROBERT HALF 6,136.06 2015173 02/15/2024 PRINTED 015896 FRANCISCO SALGADO 483.48 2015174 02/15/2024 PRINTED 100563 SAN BERNARDINO COUNTY SHE 215.00 2015175 02/15/2024 PRINTED 101542 SC COMMERCIAL 12,802.52 2015176 02/15/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 50.00 2015177 02/15/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 88.16 2015178 02/15/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 135.10 2015179 02/15/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 28.70 2015180 02/15/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 54.23 2015181 02/15/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 27,860.43 2015182 02/15/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 66.11 2015183 02/15/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 137.45 2015184 02/15/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 708.79 2015185 02/15/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 160.75 2015186 02/15/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 7,984.39 2015187 02/15/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 6,044.11 2015188 02/15/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 30,678.43 2015189 02/15/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 122.39 2015190 02/15/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 2,596.61 2015191 02/15/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 37.30 2015192 02/15/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 431.46 2015193 02/15/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 12,989.76 2015194 02/15/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 65.95 2015195 02/15/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 21.55 2015196 02/15/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 439.25 2015197 02/15/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 477.29 2015198 02/15/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 687.50 2015199 02/15/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 1,593.87 2015200 02/15/2024 PRINTED 100021 SOUTHERN CALIFORNIA EDISO 574.99 2015201 02/15/2024 PRINTED 100435 THE SHREDDERS 465.00 2015202 02/15/2024 PRINTED 104023 SIEMENS LOGISTICS LLC 875.13 2015203 02/15/2024 PRINTED 100022 SOUTHERN CALIFORNIA GAS C 30,049.67 2015204 02/15/2024 PRINTED 100022 SOUTHERN CALIFORNIA GAS C 96.44 2015205 02/15/2024 PRINTED 100022 SOUTHERN CALIFORNIA GAS C 3,764.07 2015206 02/15/2024 PRINTED 100022 SOUTHERN CALIFORNIA GAS C 32,311.64 2015207 02/15/2024 PRINTED 101677 SOCAL PPE LLC 1,719.11 2015208 02/15/2024 PRINTED 100577 SPARKLETTS - DS SERVICES 739.93 2015209 02/15/2024 PRINTED 100577 SPARKLETTS - DS SERVICES 70.44 2015210 02/15/2024 PRINTED 103901 STEVE P RADOS INC 362,461.07 2015211 02/15/2024 PRINTED 104184 TK ELEVATOR CORPORATION 1,550.00 2015212 02/15/2024 PRINTED 100646 TRUTH BE TOLD POLYGRAPH L 750.00 2015213 02/15/2024 PRINTED 100114 UNITED RENTALS NA INC 19,041.19 2015214 02/15/2024 PRINTED 100468 USPS (QUADRIENT POSTAGE-O 20,000.00 2015215 02/15/2024 PRINTED 100200 VALLEY LOCK AND SAFE 1,003.13 2015216 02/15/2024 PRINTED 100144 VERIZON WIRELESS 39.67 2015217 02/15/2024 PRINTED 100144 VERIZON WIRELESS 3,412.67 2015218 02/15/2024 PRINTED 100050 VISION SERVICE PLAN 6,468.44 2015219 02/15/2024 PRINTED 100121 VISIT GREATER PALM SPRING 112,310.50 2015220 02/15/2024 PRINTED 101277 VOHNE LICHE KENNELS INC 150.00 2015221 02/15/2024 PRINTED 101220 WATERLINE TECHNOLOGIES IN 1,215.95 2015222 02/15/2024 PRINTED 100156 WAXIE SANITARY SUPPLY 1,215.36 2015223 02/15/2024 PRINTED 101680 WEST COAST CODE CONSULTAN 108,360.47 Item 1D - Page 14
.. -: ,,,. . • ••• ~. mun1s· ~ a tyler erp solution
City of Palm Springs, CA

AP CHECK RECONCILIATION REGISTER
Report generated: 02/15/2024 11:45
User: PatrickW
Program ID: apchkrcn

Page 5 ends

FOR CASH ACCOUNT: 999 10005 FOR: All CHECK # CHECK DATE TYPE VENDOR NAME UNCLEARED CLEARED BATCH CLEAR DATE 2015224 02/15/2024 PRINTED 100233 WESTERN PUMP INC. 1,672.21 2015225 02/15/2024 PRINTED 103973 WEX HEALTH INC 739.50 2015226 02/15/2024 PRINTED 101604 WGJ ENTERPRISES INC 183,237.47 2015227 02/15/2024 PRINTED 015600 JASON WHITTAKER 1,138.78 2015228 02/15/2024 PRINTED 100908 YAMADA SPA MANAGEMENT INC 500.50 213 CHECKS CASH ACCOUNT TOTAL 3,952,707.12 .00 Item 1D - Page 15
.. -: ,,,. . • ••• ~. mun1s· ~ a tyler erp solution
City of Palm Springs, CA

AP CHECK RECONCILIATION REGISTER
Report generated: 02/15/2024 11:45
User: PatrickW
Program ID: apchkrcn

Page 6 ends

UNCLEARED CLEARED
213 CHECKS FINAL TOTAL 3,952,707.12 .00 ** END OF REPORT - Generated by Patrick Wynhoff **
Item 1D - Page 16
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CITY COUNCIL STAFF REPORT

DATE: MARCH 14, 2024 CONSENT CALENDAR

SUBJECT: TREASURER’S INVESTMENT REPORT AS OF JANUARY 31, 2024

FROM: Scott C. Stiles, City Manager

BY: Department of Finance and Treasury

SUMMARY:

Attached is the Treasurer's Investment Report (Attachment A) as of January 31, 2024.

RECOMMENDATION:

Receive and File.

STAFF ANALYSIS:

City Staff has been working with Chandler Asset Management, the City’s Asset Management Firm, in ensuring the City complies with section 17.0 of the Council approved Investment Policy ( Attachment B) and California Government Code (Code) section 53607 and 53646.

The City’s Investment Policy requires a monthly informational report to the City Council (see page 16 of the Policy in Attachment B). The Code section 53607 requires a monthly report of transactions to be submitted to the City Council. Code section 53646 states if the City chooses to issue a Quarterly Report, it must be submitted within 45 days.

The City’s total portfolio value as of 01/31/24 is $433,308,764 vs. $428,593,891 on 12/31/2024 (page 1, Attachment A).

The City’s average market yield to maturity is 4.40% for the total portfolio (page 1 Attachment A).

The average maturity of the City’s investments is 2.06 years (page 1 Attachment A).

Total income earned for the month of January is $1,315,362 (see page 1 of Attachment A).

Item 1E - Page 1
City Council Staff Report
March 14, 2024 -- Page 2
Treasurer’s Investment Report as of January 31, 2024

It should be noted the transaction for the month of January are on pages 12- 15 of Attachment A.

This Treasurer’s Report is in compliance with section 17.0 of the Investment Policy. The City has sufficient availability of funds to meet the next six months of obligations.

ALIGNMENT WITH STRATEGIC PLANNING:

This item aligns with the City Council identified major theme/principal of Forward-Thinking Governance.

FISCAL IMPACT:

None.

REVIEWED BY:

Department Director: Kristopher J. Mooney
City Manager: Scott Stiles

ATTACHMENTS:

A. Treasurer’s Investment Report
B. City of Palm Springs Investment Policy

Item 1E - Page 2

ATTACHMENT A

Item 1E - Page 3

MONTHLY ACCOUNT STATEMENT
City of Palm Springs Consolidated - Account #10807
JANUARY 1, 2024 THROUGH JANUARY 31, 2024
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures.

CHANDLER ASSET MANAGEMENT
chandlerasset.com
Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian
Principal Financial
PCS Blue Team Principal
Item 1E - Page 4
____ Ci\\
I

ACCOUNT SUMMARY
Beg. Values
as of 12/31/23
End Values
as of 1/31/24
Market Value 425,850,616 430,578,468
Accrued Interest 2,743,275 2,730,295
Total Market Value 428,593,891 433,308,764
Income Earned 1,259,165 1,315,362
Cont/WD
Par 413,871,887 417,683,992
Book Value 430,716,499 435,035,923
Cost Value 427,968,824 432,268,454

TOP ISSUERS
Government of United States 32.6%
Federal Home Loan Bank 12.8%
Federal Farm Credit Bank 12.5%
Local Agency Investment Fund 10.1%
CalTrust 6.0%
Federal Home Loan Mortgage Corp 2.1%
Federal National Mortgage Assoc 1.4%
Inter-American Dev Bank 1.1%
Total 78.6%

PORTFOLIO CHARACTERISTICS
Average Modified Duration 1.89
Average Coupon 2.85%
Average Purchase YTM 3.52%
Average Market YTM 4.40%
Average S&P/Moody Rating AA/Aa1
Average Final Maturity 2.06 yrs
Average Life 2.03 yrs

CREDIT QUALITY (S&P)

MATURITY DISTRIBUTION

SECTOR ALLOCATION
Portfolio Summary
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807

PERFORMANCE REVIEW
Annualized
TOTAL RATE OF RETURN 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 1 Item 1E - Page 5
LGIP - 6.Q%
Supras I 2.8%
CMO l 2.1%
ABS I 0.2 %
Money Mkt Fd I 0.1 %

32.6 % 20% 19.4%
15%
10%
5%
%
0- .25
0\\

19.7%
.25 - .5 .5 - 1 1- 2 2 - 3 3-4 4-5 5+
Maturity (Yrs)
Category Standard Comment
U.S. Treasuries No limitations; Full faith and credit of the U.S. are pledged for the payment of principal and interest Complies Federal Agencies
60% max; 20% max agency callable securities; Obligations issued by banks for cooperatives, federal land banks, federal intermediate credit banks, federal home loan banks, Federal Home Loan Bank Board, FHLMC, FHLB, FFCB, Tennessee Valley Authority, or in obligations, participations, or other instruments of, or issued by, or fully guaranteed as to principal and interest by FNMA; or in guaranteed portions of Small Business Administration notes; or in obligations, participations, or other instruments of, or issued by, a federal agency or U.S. government-sponsored enterprise Complies
Supranational Obligations
"AA" rating category or higher by a NRSRO; 30% max; 10% max per issuer; USD denominated senior unsecured unsubordinated obligations; Issued or unconditionally guaranteed by IBRD, IFC, or IADB; Eligible for purchase and sale within the U.S.

Complies
Municipal Securities (CA, Local Agency) "A" rating category or higher by a NRSRO; 15% max; 5% max per issuer; Bonds issued by the City or any local agency within the State of California or the State of California Complies Corporate Medium Term Notes
"A" rating category or better by a NRSRO; 30% max; 5% max per issuer; All corporate and depository institution debt securities 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, Mortgage-Backed,
Mortgage Pass-Through Securities, and
Collateralized Mortgage Obligations
"AA" rating category or higher by a NRSRO; 20% max (combined ABS/MBS/CMO); 5% max per issuer that is not a US government agency; Asset-Backed, Mortgage-Backed, Mortgage Pass-Through Securities, and Collateralized Mortgage Obligations limited to mortgage-backed pass-through securities issued by a US government agency or consumer receivable pass-through certificates or bonds
Complies
Negotiable Certificates of Deposit (NCD) "A" long-term rating category or better by 2 NRSROs and "A-1" short-term rated or better by 2 NRSROs, if any, for securities exceeding FDIC limit $250K; 30% max; 5% max per issuer Complies Collateralized Time Deposits (Non-
negotiable CD/TD)
10% max; $500,000 max per issuer; 1 year max maturity; Time deposits, non-negotiable and collateralized in accordance with California Government Code, may be purchased through banks or savings and loan associations with an "A" rating or better
Complies
Banker’s Acceptances A-1,P-1,F-1 per S&P/Moody's/ Fitch; 20% max; 5% max per bank; 180 days max maturity; Eligibility is limited to U.S. banking corporations Complies
Commercial Paper
A-1,P-1,F-1 by one of the major rating agencies (per S&P/Moody's/Fitch); Issued by a domestic corporation having assets >$500 million and having an "A" rating or better on its long term debentures, if any, as determined by a NRSRO; 15% max; 40% max if the Agency's investment AUM > $100 million, under a provision sunsetting on January 1, 2026; 5% max per issuer; 270 days maturity
Complies
Money Market Mutual Funds
Registered with SEC under Investment Company Act of 1940 and issued by diversified management companies and meet either the following criteria: (1) Highest rating by two NRSROs; or (2) Retained an investment adviser registered or exempt from SEC registration with > 5 years experience managing money market mutual funds with AUM >$500 million 20% max Mutual Funds or Money Market; 10% max; 90 days max dollar-weighted average maturity; Must have remaining maturity of 13 months or less at time of purchase; Maintain a constant NAV of $1.00 Complies
Statement of Compliance
As of January 31, 2024
City of Palm Springs Consolidated
'This portfolio is a consolidation of assets managed by Chandler Asset Management and assets managed internally by Client. Chandler relies on Client to provide accurate information for reporting assets and producing this compliance statement.

Item 1E - Page 6
_________ C,\\
Mutual Funds
Invest in securities as authorized under CGC, Section 53601 (a) to (k) and (m) to (q) inclusive and meet either of the following criteria: (i) Highest rating by two NRSROs; or (ii) Retained an investment adviser registered or exempt from SEC registration with > 5 years experience investing in securities authorized by CGC, Section 53601 and with AUM >$500 million; 20% max Mutual Funds or Money Market; 10% max
Complies
Joint Powers Authority
50% max if Duration < 1 year; 25% max if Duration > 1 year; The JPA issuing the shares shall have retained an investment adviser that meets all of the following criteria: 1) Registered or exempt from SEC registration; 2) >5 years experience investing in securities; 3) AUM >$500 million
Complies
Local Agency Investment Fund (LAIF) Maximum amount set by LAIF; Not used by investment adviser Complies Prohibited
Inverse floaters; Dual index; Stepped inverse derivatives; Repurchase agreements; Reverse Repurchase Agreements; Ranges notes, Interest-only strips derived from mortgage pools; Stock in any joint company, corporation or association, or any investment that may result in a zero interest accrual if held to maturity; Under a provision sunsetting on January 1, 2026, securities backed by the U.S. Government that could result in a zero-or negative-interest accrual if held to maturity are permitted
Complies
Social Responsibility
Investments are encouraged in entities that support community well-being through safe and environmentally sound practices and fair labor practices. Investments are encouraged in entities that support equality of rights regarding race, religion, color, creed, national or ethnic origin, age, sex, sexual orientation, or physical disability. Investments should be made to the extent reasonable under the circumstances that such socially responsible investments meet minimum permitted requirements by state law, and achieve substantially equivalent safety, liquidity, and yield when compared to similar investments permitted by state law.

Prior to making investments the City’s Director of Finance/Treasurer’s office will reasonably verify an entity’s support of the socially responsible goals listed above through direct contact or through the use of a third party resource Complies
Security Downgrade
If a security is downgraded by any NRSRO (Moody's, S&P, or Fitch) below the rating category of "BBB," it must be sold and removed from the City's portfolio unless the City Council approved the Directory of Finance/Treasurer's recommendation that the security should be retained.

Complies
Max Per Issuer 5% max per issuer unless otherwise specified in the policy Complies Maximum Maturity 5 years maximum maturity Complies

Item 1E - Page 7
Holdings Report
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
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
89190GAC1 Toyota Auto Receivables Trust 2021-B
A3

0.26% Due 11/17/2025
456,803.70 06/14/2021

0.26%
456,803.70
456,803.70

97.99 5.84%
447,636.57

52.79 0.10%
(9,167.13)

NR / AAA
AAA

1.80 0.36
43815GAC3 Honda Auto Receivables Trust 2021-4
A3

0.88% Due 1/21/2026
634,920.18 02/03/2022

1.41%
627,777.33
632,436.27

97.36 5.43%
618,162.10
155.20

0.14%
(14,274.17)
Aaa / NR
AAA

1.98 0.58
Total ABS 1,091,723.88 0.93%
1,084,581.03
1,089,239.97 5.60%
1,065,798.67
207.99

0.25%
(23,441.30)
Aaa / AAA
AAA

1.90 0.49
AGENCY
3130A0XE5 FHLB Note

3.25% Due 3/8/2024
4,000,000.00 06/13/2022

3.23%
4,000,960.00
4,000,054.60

99.79 5.27%
3,991,444.00
51,638.89

0.93%
(8,610.60)
Aaa / AA+
NR

0.10 0.10
3133ENG20 FFCB Note

3.3% Due 8/15/2024
5,000,000.00 08/11/2022

3.24%
5,005,300.00
5,001,421.07

99.06 5.09%
4,952,915.00
76,083.33

1.16%
(48,506.07)
Aaa / AA+
AA+

0.54 0.52
3133ENZ94 FFCB Note

4.5% Due 11/18/2024
5,000,000.00 11/23/2022

4.73%
4,978,950.00
4,991,504.09

99.70 4.88%
4,984,910.00
45,625.00

1.16%
(6,594.09)
Aaa / AA+
AA+

0.80 0.77
3130ATUR6 FHLB Note

4.625% Due 12/13/2024
5,000,000.00 04/26/2023

4.34%
5,021,550.00
5,011,425.84

99.83 4.82%
4,991,465.00
30,833.33

1.16%
(19,960.84)
Aaa / AA+
NR

0.87 0.84
3130AQF40 FHLB Note
1% Due 12/20/2024
3,000,000.00 01/24/2022

1.25%
2,978,610.00
2,993,482.10

96.70 4.85%
2,900,937.00
3,416.67

0.67%
(92,545.10)
Aaa / AA+
NR

0.89 0.86
3133ENKS8 FFCB Note

1.125% Due 1/6/2025
3,000,000.00 01/24/2022

1.26%
2,988,720.00
2,996,439.00

96.68 4.82%
2,900,313.00
2,343.75

0.67%
(96,126.00)
Aaa / AA+
AA+

0.93 0.91
3135G0X24 FNMA Note

1.625% Due 1/7/2025
3,100,000.00 12/28/2021

1.02%
3,155,955.00
3,117,267.56

97.14 4.80%
3,011,185.00
3,358.33

0.70%
(106,082.56)
Aaa / AA+
AA+

0.94 0.91
3133ELVQ4 FFCB Note

0.95% Due 4/1/2025
2,600,000.00 08/23/2021

0.57%
2,635,074.00
2,611,327.09

96.03 4.48%
2,496,730.60
8,233.33

0.58%
(114,596.49)
Aaa / AA+
AA+

1.17 1.13
3135G04Z3 FNMA Note

0.5% Due 6/17/2025
3,200,000.00 12/29/2021

1.09%
3,136,448.00
3,174,780.15

94.75 4.47%
3,032,064.00
1,955.56

0.70%
(142,716.15)
Aaa / AA+
AA+

1.38 1.34
3133EPRS6 FFCB Note

4.875% Due 7/28/2025
5,250,000.00 08/22/2023

5.09%
5,229,105.00
5,233,906.40
100.64

4.42%
5,283,794.25
2,132.81

1.22%
49,887.85
Aaa / AA+
AA+

1.49 1.43
3133ENP95 FFCB Note

4.25% Due 9/30/2025
4,200,000.00 05/30/2023

4.49%
4,177,656.00
4,184,099.87

99.75 4.40%
4,189,663.80
59,995.83

0.98%
5,563.93
Aaa / AA+
AA+

1.67 1.57
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 3 Item 1E - Page 8
G\\
Holdings Report
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
AGENCY
3130ATUC9 FHLB Note

4.5% Due 12/12/2025
4,000,000.00 02/14/2023

4.40%
4,010,520.00
4,006,938.51
100.35

4.30%
4,013,992.00
24,500.00

0.93%
7,053.49
Aaa / AA+
NR

1.87 1.76
3130ALHH0 FHLB Callable Note Mnthly 4/5/2022

0.96% Due 3/5/2026
3,000,000.00 03/28/2022

2.70%
2,806,200.00
2,897,098.54

93.26 4.36%
2,797,908.00
11,680.00

0.65%
(99,190.54)
Aaa / AA+
NR

2.09 2.03
3133EPCR4 FFCB Note

4.75% Due 3/9/2026
5,000,000.00 04/26/2023

3.87%
5,118,550.00
5,086,846.08
101.16

4.17%
5,057,975.00
93,680.56

1.19%
(28,871.08)
Aaa / AA+
AA+

2.10 1.95
3130AWLZ1 FHLB Note

4.75% Due 6/12/2026
5,250,000.00 08/22/2023

4.85%
5,235,772.50
5,238,023.33
101.35

4.14%
5,320,733.25
33,942.71

1.24%
82,709.92
Aaa / AA+
NR

2.36 2.21
3130ANMH0 FHLB Callable Note Mnthly 9/20/2021

1.1% Due 8/20/2026
2,000,000.00 09/08/2022

3.70%
1,810,600.00
1,877,632.62

92.22 4.35%
1,844,444.00
9,838.89

0.43%
(33,188.62)
Aaa / AA+
NR

2.55 2.46
3133EMNW8 FFCB Callable Note Cont 1/27/2023

0.7% Due 1/27/2027
2,000,000.00 04/25/2022

3.03%
1,795,000.00
1,871,240.64

90.27 4.20%
1,805,426.00
155.56

0.42%
(65,814.64)
Aaa / AA+
AA+

2.99 2.90
3130AL5A8 FHLB Callable Note Qtrly 11/26/2026

0.9% Due 2/26/2027
5,000,000.00 Various

3.18%
4,501,000.00
4,678,255.88

90.49 4.24%
4,524,270.00
19,375.00

1.05%
(153,985.88)
Aaa / AA+
NR

3.07 2.96
3133EPBM6 FFCB Note

4.125% Due 8/23/2027
3,800,000.00 02/24/2023

4.36%
3,763,862.00
3,771,341.11
100.35

4.02%
3,813,311.40
68,795.83

0.90%
41,970.29
Aaa / AA+
AA+

3.56 3.23
3130ATUS4 FHLB Note

4.25% Due 12/10/2027
6,000,000.00 01/25/2023

3.63%
6,162,990.00
6,128,999.39
101.28

3.89%
6,076,938.00
36,125.00

1.41%
(52,061.39)
Aaa / AA+
NR

3.86 3.51
3133EPAV7 FFCB Note

3.875% Due 2/14/2028
6,000,000.00 02/14/2023

4.07%
5,948,760.00
5,958,614.93

99.57 3.99%
5,974,320.00
107,854.17

1.40%
15,705.07
Aaa / AA+
AA+

4.04 3.64
3130ATS57 FHLB Note

4.5% Due 3/10/2028
6,000,000.00 03/30/2023

3.89%
6,163,404.00
6,135,627.13
101.76

4.03%
6,105,876.00
105,750.00

1.43%
(29,751.13)
Aaa / AA+
NR

4.11 3.66
3133EPGW9 FFCB Note

3.875% Due 4/25/2028
5,000,000.00 04/26/2023

3.64%
5,053,550.00
5,045,334.11

99.55 3.99%
4,977,340.00
51,666.67

1.16%
(67,994.11)
Aaa / AA+
AA+

4.24 3.83
3133EPNH4 FFCB Note

3.875% Due 6/21/2028
7,000,000.00 06/22/2023

4.10%
6,928,110.00
6,936,894.37

99.52 4.00%
6,966,141.00
30,138.89

1.61%
29,246.63
Aaa / AA+
AA+

4.39 3.98
3130AWTR1 FHLB Note

4.375% Due 9/8/2028
5,000,000.00 10/19/2023

5.04%
4,856,850.00
4,865,190.39
101.82

3.94%
5,091,210.00
107,552.08

1.20%
226,019.61
Aaa / AA+
NR

4.61 4.06
3130AXQK7 Federal Home Loan Banks Note

4.75% Due 12/8/2028
7,100,000.00 01/23/2024

4.10%
7,299,865.00
7,298,966.73
103.57

3.93%
7,353,328.00
82,438.89

1.72%
54,361.27
Aaa / AA+
NR

4.86 4.27
Total Agency 115,500,000.00 3.66%
114,763,361.50
115,112,711.53 4.33%
114,458,634.30
1,069,111.08

26.66%
(654,077.23)
Aaa / AA+
AA+

2.62 2.40
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 4 Item 1E - Page 9
C.\\
Holdings Report
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
CMO
3137BSRE5 FHLMC K059 A2

3.12% Due 9/25/2026
2,750,000.00 02/18/2022

1.98%
2,868,164.06
2,817,532.55

96.64 4.48%
2,657,539.50
7,150.00

0.61%
(159,993.05)

NR / AAA
AAA

2.65 2.40
3137H4BY5 FHLMC K746 A2

2.031% Due 9/25/2028
7,000,000.00 10/18/2023

5.47%
5,993,476.56
6,049,985.10

90.26 4.38%
6,318,172.00
11,847.50

1.46%
268,186.90

NR / NR
AAA

4.65 4.28
Total CMO 9,750,000.00 4.36%
8,861,640.62
8,867,517.65 4.41%
8,975,711.50
18,997.50

2.08%
108,193.85

NR / AAA
AAA

4.06 3.72

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

0.75% Due 3/18/2024
1,250,000.00 06/25/2021

0.54%
1,257,150.00
1,250,331.22

99.40 5.37%
1,242,486.25
3,463.54

0.29%
(7,844.97)
A2 / A-
A

0.13 0.13
06406RAS6 Bank of NY Mellon Corp Callable Note
Cont 03/26/2024

0.5% Due 4/26/2024
1,250,000.00 08/23/2021

0.53%
1,249,137.50
1,249,924.81

98.84 5.47%
1,235,483.75
1,649.31

0.29%
(14,441.06)
A1 / A
AA-

0.24 0.23
023135BW5 Amazon.com Inc Note

0.45% Due 5/12/2024
1,250,000.00 05/21/2021

0.40%
1,251,762.50
1,250,164.37

98.63 5.41%
1,232,842.50
1,234.38

0.28%
(17,321.87)
A1 / AA
AA-

0.28 0.28
149123CC3 Caterpillar Inc. Callable Note Cont
2/15/2024

3.4% Due 5/15/2024
1,250,000.00 03/24/2022

2.51%
1,272,900.00
1,253,057.25

99.46 5.27%
1,243,203.75
8,972.22

0.29%
(9,853.50)
A2 / A
A+

0.29 0.28
24422EVQ9 John Deere Capital Corp Note

0.45% Due 6/7/2024
1,250,000.00 06/09/2021

0.42%
1,251,200.00
1,250,139.56

98.36 5.22%
1,229,493.75
843.75

0.28%
(20,645.81)
A2 / A
A+

0.35 0.34
06051GJY6 Bank of America Corp Callable Note
Cont 6/14/2023

5.72% Due 6/14/2024
3,050,000.00 Various

3.24%
3,011,595.00
3,043,118.29

99.96 5.87%
3,048,664.10
23,745.94

0.71%
5,545.81
A1 / A-
AA-

0.37 0.12
79466LAG9 Salesforce.com Inc Callable Note Cont
7/15/2022

0.625% Due 7/15/2024
2,000,000.00 12/10/2021

1.01%
1,980,340.00
1,996,563.67

97.87 5.41%
1,957,452.00
555.56

0.45%
(39,111.67)
A2 / A+
NR

0.45 0.44
91159HHX1 US Bancorp Callable Note Cont
6/28/2024

2.4% Due 7/30/2024
1,250,000.00 08/23/2021

0.63%
1,314,212.50
1,260,802.10

98.52 5.45%
1,231,448.75

83.33 0.28%
(29,353.35)
A3 / A
A

0.50 0.49
05552JAA7 PNC Bank Callable Note Cont 7/27/2024

2.5% Due 8/27/2024
2,000,000.00 11/30/2022

5.00%
1,917,860.00
1,973,051.86

98.45 5.28%
1,969,018.00
21,388.89

0.46%
(4,033.86)
A2 / A
A+

0.57 0.55
61761JVL0 Morgan Stanley Note

3.7% Due 10/23/2024
3,250,000.00 Various

3.45%
3,268,942.50
3,255,651.47

98.87 5.29%
3,213,418.00
32,734.72

0.75%
(42,233.47)
A1 / A-
A+

0.73 0.70
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 5 Item 1E - Page 10
C.\\
Holdings Report
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

CORPORATE
06406RAX5 Bank of NY Mellon Corp Callable Note
Cont 9/25/2024

0.85% Due 10/25/2024
1,200,000.00 10/25/2021

0.88%
1,199,068.50
1,199,772.66

96.81 5.34%
1,161,730.80
2,720.00

0.27%
(38,041.86)
A1 / A
AA-

0.73 0.71
14913Q3B3 Caterpillar Finl Service Note

2.15% Due 11/8/2024
2,000,000.00 12/09/2021

1.19%
2,054,620.00
2,014,465.81

97.80 5.10%
1,955,956.00
9,913.89

0.45%
(58,509.81)
A2 / A
A+

0.77 0.75
07330NAT2 Truist Financial Corporation Callable
Note 11/05/2024

2.15% Due 12/6/2024
3,000,000.00 11/28/2022

4.82%
2,847,750.00
2,936,166.55

97.37 5.36%
2,921,061.00
9,854.17

0.68%
(15,105.55)
A2 / A
A+

0.85 0.82
023135CE4 Amazon.com Inc Note
3% Due 4/13/2025
1,500,000.00 04/25/2022

2.96%
1,501,515.00
1,500,611.88

97.97 4.75%
1,469,607.00
13,500.00

0.34%
(31,004.88)
A1 / AA
AA-

1.20 1.15
037833DT4 Apple Inc Callable Note Cont 4/11/2025

1.125% Due 5/11/2025
2,000,000.00 05/25/2022

2.84%
1,903,380.00
1,958,438.21

95.75 4.59%
1,915,026.00
5,000.00

0.44%
(43,412.21)
Aaa / AA+
NR

1.28 1.24
91159HHZ6 US Bancorp Callable Note Cont
4/11/2025

1.45% Due 5/12/2025
800,000.00 01/24/2022

1.65%
794,984.00
798,055.36

95.69 4.96%
765,559.20
2,545.56

0.18%
(32,496.16)
A3 / A
A

1.28 1.24
69353REQ7 PNC Bank Callable Note Cont 5/2/2025

3.25% Due 6/1/2025
2,500,000.00 08/25/2022

3.92%
2,456,550.00
2,479,030.09

97.59 5.14%
2,439,850.00
13,541.67

0.57%
(39,180.09)
A2 / A
A+

1.33 1.28
69371RR99 Paccar Financial Corp Note

3.55% Due 8/11/2025
3,000,000.00 08/11/2022

3.60%
2,995,680.00
2,997,796.48

98.49 4.58%
2,954,685.00
50,291.67

0.69%
(43,111.48)
A1 / A+
NR

1.53 1.44
437076CR1 Home Depot Callable Note Cont
8/15/2025
4% Due 9/15/2025
925,000.00 09/12/2022

4.01%
924,667.00
924,819.47

99.15 4.55%
917,129.18
13,977.78

0.21%
(7,690.29)
A2 / A
A

1.62 1.53
857477BE2 State Street Bank Callable Note 1X
11/1/2024

2.354% Due 11/1/2025
2,500,000.00 09/08/2022

4.80%
2,411,425.00
2,450,611.32

97.77 5.41%
2,444,132.50
14,712.50

0.57%
(6,478.82)
A1 / A
AA-

1.75 0.73
58933YAY1 Merck & Co Callable Note Cont
1/24/2026

0.75% Due 2/24/2026
4,000,000.00 Various

2.74%
3,742,920.00
3,843,539.52

92.97 4.35%
3,718,736.00
13,083.33

0.86%
(124,803.52)
A1 / A+
NR

2.07 2.00
46647PBK1 JP Morgan Chase & Co Callable Note
Cont 4/22/2025

2.083% Due 4/22/2026
3,300,000.00 Various

3.52%
3,277,439.50
3,279,860.88

96.16 5.34%
3,173,441.70
18,903.22

0.74%
(106,419.18)
A1 / A-
AA-

2.22 1.18
06406FAC7 Bank of NY Mellon Corp Callable Note
Cont 2/4/2026

2.8% Due 5/4/2026
2,000,000.00 01/25/2023

4.38%
1,904,400.00
1,934,049.62

96.05 4.66%
1,920,946.00
13,533.33

0.45%
(13,103.62)
A1 / A
AA-

2.26 2.14
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 6 Item 1E - Page 11
C.\\
Holdings Report
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

CORPORATE
808513BR5 Charles Schwab Corp Callable Note
Cont 4/13/2026

1.15% Due 5/13/2026
2,250,000.00 Various

3.41%
2,067,262.50
2,142,303.27

92.02 4.88%
2,070,519.75
5,606.25

0.48%
(71,783.52)
A2 / A-
A

2.28 2.20
91159HHN3 US Bancorp Callable Note Cont
6/22/2026

2.375% Due 7/22/2026
2,000,000.00 08/11/2022

3.49%
1,918,340.00
1,948,742.30

94.36 4.82%
1,887,224.00
1,187.50

0.44%
(61,518.30)
A3 / A
A

2.47 2.36
24422EVB2 John Deere Capital Corp Note

2.25% Due 9/14/2026
2,500,000.00 Various

3.83%
2,357,655.00
2,404,459.82

94.53 4.48%
2,363,352.50
21,406.25

0.55%
(41,107.32)
A2 / A
A+

2.62 2.48
437076CV2 Home Depot Callable Note Cont
8/30/2026

4.95% Due 9/30/2026
3,600,000.00 12/21/2023

4.44%
3,647,736.00
3,645,985.52
101.20

4.45%
3,643,189.20
28,215.00

0.85%
(2,796.32)
A2 / A
A

2.67 2.38
717081EA7 Pfizer Inc. Note
3% Due 12/15/2026
4,000,000.00 Various

4.00%
3,852,095.00
3,894,690.95

96.26 4.40%
3,850,588.00
15,333.33

0.89%
(44,102.95)
A2 / A
A

2.87 2.70
87612EBM7 Target Corp Callable Note Cont
12/15/2026

1.95% Due 1/15/2027
3,250,000.00 Various

2.57%
3,164,240.00
3,193,796.80

93.65 4.26%
3,043,660.75
2,816.66

0.70%
(150,136.05)
A2 / A
A

2.96 2.82
742718FV6 Procter & Gamble Co Note

1.9% Due 2/1/2027
2,550,000.00 01/27/2022

1.93%
2,546,379.00
2,547,826.61

93.56 4.21%
2,385,698.40
24,225.00

0.56%
(162,128.21)
Aa3 / AA-
NR

3.01 2.84
594918BY9 Microsoft Callable Note Cont
11/06/2026

3.3% Due 2/6/2027
3,000,000.00 01/25/2023

3.96%
2,926,980.00
2,945,346.69

97.58 4.16%
2,927,382.00
48,125.00

0.69%
(17,964.69)
Aaa / AAA
NR

3.02 2.79
57636QAR5 MasterCard Inc Callable Note
1/26/2027

3.3% Due 3/26/2027
4,000,000.00 05/30/2023

4.36%
3,852,800.00
3,878,757.85

97.02 4.32%
3,880,744.00
45,833.33

0.91%
1,986.15
Aa3 / A+
NR

3.15 2.92
92826CAL6 Visa Inc Callable Note Cont 2/15/2027

1.9% Due 4/15/2027
4,000,000.00 02/14/2023

4.44%
3,617,920.00
3,705,956.87

93.13 4.21%
3,725,288.00
22,377.78

0.86%
19,331.13
Aa3 / AA-
NR

3.21 3.04
665859AW4 Northern Trust Company Callable Note
Cont 4/10/2027
4% Due 5/10/2027
3,000,000.00 06/13/2022

4.20%
2,973,570.00
2,982,370.16

98.57 4.47%
2,957,190.00
27,000.00

0.69%
(25,180.16)
A2 / A+
A+

3.27 3.01
22160KAM7 Costco Wholesale Corp Callable Note
Cont 2/18/2027
3% Due 5/18/2027
2,000,000.00 08/24/2022

3.50%
1,956,700.00
1,969,845.54

96.43 4.17%
1,928,500.00
12,166.67

0.45%
(41,345.54)
Aa3 / A+
NR

3.30 3.08
037833DB3 Apple Inc Callable Note Cont 6/12/2027

2.9% Due 9/12/2027
2,000,000.00 02/14/2023

4.45%
1,872,980.00
1,899,616.91

95.54 4.24%
1,910,848.00
22,394.44

0.45%
11,231.09
Aaa / AA+
NR

3.62 3.34
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 7 Item 1E - Page 12
C.\\
Holdings Report
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

CORPORATE
857477BS1 State Street Bank Callable Note Cont
2/7/2027

2.203% Due 2/7/2028
1,500,000.00 02/14/2023

5.03%
1,362,523.37
1,389,004.83

93.12 4.67%
1,396,861.50
15,971.75

0.33%
7,856.67
A1 / A
AA-

4.02 2.84
Total Corporate 86,175,000.00 3.34%
83,906,679.87
84,648,726.57 4.79%
83,332,417.33
568,907.72

19.36%
(1,316,309.24)
A1 / A+
A+

1.98 1.77
LAIF
90LAIF$00 Local Agency Investment Fund State
Pool
43,475,568.05 Various

4.03%
43,475,568.05
43,475,568.05

1.00 4.03%
43,475,568.05
147,650.64

10.07%

0.00 NR / NR
NR

0.00 0.00
Total LAIF 43,475,568.05 4.03%
43,475,568.05
43,475,568.05 4.03%
43,475,568.05
147,650.64

10.07%

0.00 NR / NR
NR

0.00 0.00

LOCAL GOV INVESTMENT POOL
09CATR$04 CalTrust Short Term Fund 2,583,303.28 Various

4.88%
26,040,956.15
26,040,956.15

10.06 4.88%
25,988,030.99

0.00 6.00%
(52,925.16)

NR / AA
NR

0.00 0.00
Total Local Gov Investment Pool 2,583,303.28 4.88%
26,040,956.15
26,040,956.15 4.88%
25,988,030.99

0.00 6.00%
(52,925.16)

NR / AA
NR

0.00 0.00

MONEY MARKET FUND
94975P405 Wells Fargo Adv Govt #1751 Money
Market Fund
608,396.69 Various

5.22%
608,396.69
608,396.69

1.00 5.22%
608,396.69

0.00 0.14%

0.00 Aaa / AAA
NR

0.00 0.00
Total Money Market Fund 608,396.69 5.22%
608,396.69
608,396.69 5.22%
608,396.69

0.00 0.14%

0.00 Aaa / AAA
NR

0.00 0.00

SUPRANATIONAL
4581X0EE4 Inter-American Dev Bank Note

3.25% Due 7/1/2024
5,000,000.00 06/27/2022

3.25%
4,999,800.00
4,999,958.69

99.15 5.33%
4,957,310.00
13,541.67

1.15%
(42,648.69)
Aaa / AAA
AAA

0.42 0.41
459058JB0 Intl. Bank Recon & Development Note

0.625% Due 4/22/2025
2,500,000.00 07/20/2021

0.56%
2,506,400.00
2,502,083.50

95.29 4.63%
2,382,175.00
4,296.88

0.55%
(119,908.50)
Aaa / AAA
NR

1.22 1.19
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 8 Item 1E - Page 13
C.\\
Holdings Report
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

SUPRANATIONAL
45950VHX7 International Finance Corp Note

2.125% Due 4/7/2026
5,000,000.00 Various

3.20%
4,817,056.56
4,890,401.79

95.61 4.25%
4,780,495.00
33,645.84

1.11%
(109,906.79)
Aaa / AAA
NR

2.18 2.09
Total Supranational 12,500,000.00 2.69%
12,323,256.56
12,392,443.98 4.77%
12,119,980.00
51,484.39

2.81%
(272,463.98)
Aaa / AAA
AAA

1.27 1.23

US TREASURY
91282CBM2 US Treasury Note

0.125% Due 2/15/2024
3,200,000.00 12/28/2021

0.75%
3,157,500.00
3,199,235.22

99.80 4.94%
3,193,731.20
1,847.83

0.74%
(5,504.02)
Aaa / AA+
AA+

0.04 0.04
91282CBV2 US Treasury Note

0.375% Due 4/15/2024
4,000,000.00 06/13/2022

3.21%
3,799,375.00
3,977,874.44

99.00 5.32%
3,959,844.00
4,467.21

0.91%
(18,030.44)
Aaa / AA+
AA+

0.21 0.20
91282CCG4 US Treasury Note

0.25% Due 6/15/2024
1,250,000.00 06/09/2021

0.31%
1,247,753.91
1,249,723.34

98.20 5.18%
1,227,538.75
409.84

0.28%
(22,184.59)
Aaa / AA+
AA+

0.37 0.36
91282CFN6 US Treasury Note

4.25% Due 9/30/2024
7,000,000.00 05/30/2023

4.96%
6,936,562.50
6,968,541.24

99.51 5.00%
6,965,546.00
100,792.35

1.63%
(2,995.24)
Aaa / AA+
AA+

0.67 0.64
91282CDH1 US Treasury Note

0.75% Due 11/15/2024
3,000,000.00 12/09/2021

0.96%
2,981,835.94
2,995,115.55

96.81 4.92%
2,904,258.00
4,821.43

0.67%
(90,857.55)
Aaa / AA+
AA+

0.79 0.77
91282CDZ1 US Treasury Note

1.5% Due 2/15/2025
3,000,000.00 03/24/2022

2.37%
2,927,109.39
2,973,820.01

96.73 4.76%
2,901,915.00
20,788.04

0.67%
(71,905.01)
Aaa / AA+
AA+

1.04 1.01
91282CED9 US Treasury Note

1.75% Due 3/15/2025
4,000,000.00 06/13/2022

3.40%
3,827,968.75
3,930,160.45

96.87 4.65%
3,874,844.00
26,730.77

0.90%
(55,316.45)
Aaa / AA+
AA+

1.12 1.08
912828ZF0 US Treasury Note

0.5% Due 3/31/2025
2,000,000.00 05/21/2021

0.54%
1,996,640.63
1,998,986.93

95.40 4.60%
1,908,046.00
3,387.98

0.44%
(90,940.93)
Aaa / AA+
AA+

1.16 1.13
91282CAB7 US Treasury Note

0.25% Due 7/31/2025
2,800,000.00 10/25/2021

0.94%
2,729,015.63
2,771,792.24

94.01 4.42%
2,632,218.40

19.23 0.61%
(139,573.84)
Aaa / AA+
AA+

1.50 1.47
91282CAJ0 US Treasury Note

0.25% Due 8/31/2025
2,750,000.00 08/23/2021

0.64%
2,707,353.52
2,733,237.73

93.74 4.40%
2,577,803.25
2,908.65

0.60%
(155,434.48)
Aaa / AA+
AA+

1.58 1.54
91282CAM3 US Treasury Note

0.25% Due 9/30/2025
3,300,000.00 12/28/2021

1.12%
3,194,812.50
3,253,429.02

93.51 4.34%
3,085,757.40
2,795.08

0.71%
(167,671.62)
Aaa / AA+
AA+

1.67 1.62
91282CAT8 US Treasury Note

0.25% Due 10/31/2025
2,750,000.00 08/23/2021

0.67%
2,702,089.84
2,730,008.71

93.23 4.31%
2,563,946.00
1,756.52

0.59%
(166,062.71)
Aaa / AA+
AA+

1.75 1.71
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 9 Item 1E - Page 14
C.\\
Holdings Report
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

US TREASURY
912828M56 US Treasury Note

2.25% Due 11/15/2025
3,000,000.00 05/25/2022

2.70%
2,955,585.94
2,977,145.48

96.52 4.29%
2,895,468.00
14,464.29

0.67%
(81,677.48)
Aaa / AA+
AA+

1.79 1.72
91282CBH3 US Treasury Note

0.375% Due 1/31/2026
2,800,000.00 10/25/2021

1.07%
2,718,953.13
2,762,025.54

92.70 4.22%
2,595,686.80

28.85 0.60%
(166,338.74)
Aaa / AA+
AA+

2.00 1.95
912828P46 US Treasury Note

1.625% Due 2/15/2026
6,000,000.00 01/25/2023

3.83%
5,621,250.00
5,747,160.62

95.00 4.21%
5,700,000.00
45,040.76

1.33%
(47,160.62)
Aaa / AA+
AA+

2.04 1.96
9128286L9 US Treasury Note

2.25% Due 3/31/2026
5,000,000.00 08/24/2022

3.28%
4,826,562.50
4,895,858.30

96.10 4.15%
4,804,885.00
38,114.75

1.12%
(90,973.30)
Aaa / AA+
AA+

2.16 2.06
9128286S4 US Treasury Note

2.375% Due 4/30/2026
7,000,000.00 Various

3.38%
6,803,789.07
6,850,489.36

96.25 4.14%
6,737,227.00
42,475.96

1.56%
(113,262.36)
Aaa / AA+
AA+

2.25 2.14
912828Y95 US Treasury Note

1.875% Due 7/31/2026
5,000,000.00 06/27/2022

3.23%
4,743,164.06
4,843,388.53

94.81 4.08%
4,740,625.00
257.55

1.09%
(102,763.53)
Aaa / AA+
AA+

2.50 2.40
9128282A7 US Treasury Note

1.5% Due 8/15/2026
3,100,000.00 12/28/2021

1.23%
3,137,296.88
3,120,436.04

93.82 4.08%
2,908,550.20
21,480.98

0.68%
(211,885.84)
Aaa / AA+
AA+

2.54 2.43
91282CDG3 US Treasury Note

1.125% Due 10/31/2026
5,000,000.00 08/11/2022

3.01%
4,629,687.50
4,758,972.46

92.49 4.04%
4,624,610.00
14,371.57

1.07%
(134,362.46)
Aaa / AA+
AA+

2.75 2.65
912828U24 US Treasury Note
2% Due 11/15/2026
3,000,000.00 05/25/2022

2.77%
2,903,789.06
2,940,059.52

94.68 4.03%
2,840,508.00
12,857.14

0.66%
(99,551.52)
Aaa / AA+
AA+

2.79 2.66
912828V98 US Treasury Note

2.25% Due 2/15/2027
3,700,000.00 Various

3.03%
3,580,910.16
3,618,762.43

95.04 4.00%
3,516,302.40
38,457.89

0.82%
(102,460.03)
Aaa / AA+
AA+

3.04 2.86
91282CEF4 US Treasury Note

2.5% Due 3/31/2027
5,000,000.00 06/27/2022

3.23%
4,839,648.44
4,893,468.22

95.66 3.97%
4,782,815.00
42,349.73

1.11%
(110,653.22)
Aaa / AA+
AA+

3.16 2.97
91282CEN7 US Treasury Note

2.75% Due 4/30/2027
5,000,000.00 08/24/2022

3.19%
4,905,859.38
4,934,779.11

96.29 3.98%
4,814,650.00
35,130.49

1.12%
(120,129.11)
Aaa / AA+
AA+

3.25 3.04
912828X88 US Treasury Note

2.375% Due 5/15/2027
4,000,000.00 06/13/2022

3.47%
3,803,593.75
3,868,880.24

95.11 3.98%
3,804,376.00
20,357.14

0.88%
(64,504.24)
Aaa / AA+
AA+

3.29 3.10
91282CFB2 US Treasury Note

2.75% Due 7/31/2027
5,000,000.00 11/23/2022

4.04%
4,726,953.13
4,795,775.03

96.09 3.96%
4,804,295.00
377.75

1.11%
8,519.97
Aaa / AA+
AA+

3.50 3.29
9128282R0 US Treasury Note

2.25% Due 8/15/2027
7,000,000.00 05/30/2023

3.94%
6,545,546.88
6,618,283.03

94.43 3.95%
6,609,806.00
72,758.15

1.54%
(8,477.03)
Aaa / AA+
AA+

3.54 3.32
91282CFM8 US Treasury Note

4.125% Due 9/30/2027
7,000,000.00 05/30/2023

3.94%
7,050,039.06
7,042,262.93
100.61

3.94%
7,042,658.00
97,827.87

1.65%
395.07
Aaa / AA+
AA+

3.67 3.33
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 10 Item 1E - Page 15
C.\\
Holdings Report
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

US TREASURY
9128283F5 US Treasury Note

2.25% Due 11/15/2027
6,000,000.00 01/25/2023

3.58%
5,651,718.75
5,725,385.99

94.13 3.93%
5,647,734.00
28,928.57

1.31%
(77,651.99)
Aaa / AA+
AA+

3.79 3.56
91282CGH8 US Treasury Note

3.5% Due 1/31/2028
6,900,000.00 06/22/2023

4.11%
6,723,726.56
6,747,083.05

98.45 3.92%
6,792,994.80
663.46

1.57%
45,911.75
Aaa / AA+
AA+

4.00 3.69
91282CGT2 US Treasury Note

3.625% Due 3/31/2028
5,200,000.00 11/15/2023

4.56%
5,008,859.38
5,018,075.30

98.91 3.91%
5,143,127.60
63,863.39

1.20%
125,052.30
Aaa / AA+
AA+

4.17 3.78
91282CHE4 US Treasury Note

3.625% Due 5/31/2028
7,000,000.00 05/30/2023

3.81%
6,940,664.06
6,948,653.46

98.91 3.90%
6,923,441.00
43,678.28

1.61%
(25,212.46)
Aaa / AA+
AA+

4.33 3.94
9128284V9 US Treasury Note

2.875% Due 8/15/2028
5,250,000.00 08/22/2023

4.48%
4,878,398.44
4,911,493.25

95.79 3.90%
5,028,723.00
69,726.56

1.18%
117,229.75
Aaa / AA+
AA+

4.54 4.14
Total US Treasury 146,000,000.00 3.13%
141,204,013.74
142,800,362.77 4.22%
140,553,930.80
873,936.06

32.64%
(2,246,431.97)
Aaa / AA+
AA+

2.61 2.44
TOTAL PORTFOLIO 417,683,991.90 3.52%
432,268,454.21
435,035,923.36 4.40%
430,578,468.33
2,730,295.38
100.00%
(4,457,455.03)
Aa1 / AA
AA

2.06 1.89
TOTAL MARKET VALUE PLUS ACCRUED 433,308,763.71
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 11 Item 1E - Page 16
C.\\
Transaction Ledger
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 01/02/2024 94975P405 92,852.09 Wells Fargo Adv Govt #1751 Money Market Fund

1.000 5.22% 92,852.09 0.00 92,852.09 0.00
Purchase 01/06/2024 94975P405 16,875.00 Wells Fargo Adv Govt #1751 Money Market Fund

1.000 5.22% 16,875.00 0.00 16,875.00 0.00
Purchase 01/07/2024 94975P405 25,187.50 Wells Fargo Adv Govt #1751 Money Market Fund

1.000 5.22% 25,187.50 0.00 25,187.50 0.00
Purchase 01/12/2024 90LAIF$00 471,642.76 Local Agency Investment Fund State Pool

1.000 3.95% 471,642.76 0.00 471,642.76 0.00
Purchase 01/15/2024 94975P405 40,437.50 Wells Fargo Adv Govt #1751 Money Market Fund

1.000 5.22% 40,437.50 0.00 40,437.50 0.00
Purchase 01/15/2024 94975P405 4,000,000.00 Wells Fargo Adv Govt #1751 Money Market Fund

1.000 5.22% 4,000,000.00 0.00 4,000,000.00 0.00
Purchase 01/16/2024 94975P405 52,444.52 Wells Fargo Adv Govt #1751 Money Market Fund

1.000 5.22% 52,444.52 0.00 52,444.52 0.00
Purchase 01/22/2024 94975P405 23,750.00 Wells Fargo Adv Govt #1751 Money Market Fund

1.000 5.22% 23,750.00 0.00 23,750.00 0.00
Purchase 01/22/2024 94975P405 51,686.93 Wells Fargo Adv Govt #1751 Money Market Fund

1.000 5.22% 51,686.93 0.00 51,686.93 0.00
Purchase 01/24/2024 3130AXQK7 7,100,000.00 Federal Home Loan Banks Note

4.75% Due 12/8/2028
102.815 4.10% 7,299,865.00 75,881.25 7,375,746.25 0.00
Purchase 01/25/2024 94975P405 7,150.00 Wells Fargo Adv Govt #1751 Money Market Fund

1.000 5.22% 7,150.00 0.00 7,150.00 0.00
Purchase 01/25/2024 94975P405 11,847.50 Wells Fargo Adv Govt #1751 Money Market Fund

1.000 5.22% 11,847.50 0.00 11,847.50 0.00
Purchase 01/27/2024 94975P405 7,000.00 Wells Fargo Adv Govt #1751 Money Market Fund

1.000 5.22% 7,000.00 0.00 7,000.00 0.00
Purchase 01/28/2024 94975P405 127,968.75 Wells Fargo Adv Govt #1751 Money Market Fund

1.000 5.22% 127,968.75 0.00 127,968.75 0.00
Purchase 01/30/2024 94975P405 15,000.00 Wells Fargo Adv Govt #1751 Money Market Fund

1.000 5.22% 15,000.00 0.00 15,000.00 0.00
Purchase 01/31/2024 09CATR$04 11,319.32 CalTrust Short Term Fund 10.060 4.88% 113,872.34 0.00 113,872.34 0.00 Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 12 Item 1E - Page 17
C.\\
Transaction Ledger
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 01/31/2024 94975P405 245,125.00 Wells Fargo Adv Govt #1751 Money Market Fund

1.000 5.22% 245,125.00 0.00 245,125.00 0.00
Subtotal 12,300,286.87 12,602,704.89 75,881.25 12,678,586.14 0.00 Security
Contribution
01/16/2024 94975P405 3,000,000.00 Wells Fargo Adv Govt #1751 Money Market Fund

1.000 3,000,000.00 0.00 3,000,000.00 0.00
Subtotal 3,000,000.00 3,000,000.00 0.00 3,000,000.00 0.00 TOTAL ACQUISITIONS 15,300,286.87 15,602,704.89 75,881.25 15,678,586.14 0.00

DISPOSITIONS
Sale 01/24/2024 94975P405 7,375,746.25 Wells Fargo Adv Govt #1751 Money Market Fund

1.000 5.22% 7,375,746.25 0.00 7,375,746.25 0.00
Subtotal 7,375,746.25 7,375,746.25 0.00 7,375,746.25 0.00 Paydown 01/16/2024 89190GAC1 52,334.21 Toyota Auto Receivables Trust 2021-B A3

0.26% Due 11/17/2025
100.000 0.26% 52,334.21 110.31 52,444.52 0.00
Paydown 01/22/2024 43815GAC3 51,183.79 Honda Auto Receivables Trust 2021-4 A3

0.88% Due 1/21/2026
100.000 51,183.79 503.14 51,686.93 0.00
Paydown 01/25/2024 3137BSRE5 0.00 FHLMC K059 A2

3.12% Due 9/25/2026
100.000 0.00 7,150.00 7,150.00 0.00
Paydown 01/25/2024 3137H4BY5 0.00 FHLMC K746 A2

2.031% Due 9/25/2028
100.000 0.00 11,847.50 11,847.50 0.00
Subtotal 103,518.00 103,518.00 19,610.95 123,128.95 0.00 Maturity 01/15/2024 91282CBE0 4,000,000.00 US Treasury Note

0.125% Due 1/15/2024
100.000 4,000,000.00 0.00 4,000,000.00 0.00
Subtotal 4,000,000.00 4,000,000.00 0.00 4,000,000.00 0.00 Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 13 Item 1E - Page 18
C.\\
Transaction Ledger
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss

DISPOSITIONS
Security
Withdrawal
01/22/2024 94975P405 8,917.42 Wells Fargo Adv Govt #1751 Money Market Fund

1.000 8,917.42 0.00 8,917.42 0.00
Subtotal 8,917.42 8,917.42 0.00 8,917.42 0.00
TOTAL DISPOSITIONS 11,488,181.67 11,488,181.67 19,610.95 11,507,792.62 0.00

OTHER TRANSACTIONS
Interest 01/01/2024 4581X0EE4 5,000,000.00 Inter-American Dev Bank Note

3.25% Due 7/1/2024

0.000 81,250.00 0.00 81,250.00 0.00
Interest 01/06/2024 3133ENKS8 3,000,000.00 FFCB Note

1.125% Due 1/6/2025

0.000 16,875.00 0.00 16,875.00 0.00
Interest 01/07/2024 3135G0X24 3,100,000.00 FNMA Note

1.625% Due 1/7/2025

0.000 25,187.50 0.00 25,187.50 0.00
Interest 01/15/2024 79466LAG9 2,000,000.00 Salesforce.com Inc Callable Note Cont 7/15/2022

0.625% Due 7/15/2024

0.000 6,250.00 0.00 6,250.00 0.00
Interest 01/15/2024 87612EBM7 3,250,000.00 Target Corp Callable Note Cont 12/15/2026

1.95% Due 1/15/2027

0.000 31,687.50 0.00 31,687.50 0.00
Interest 01/15/2024 91282CBE0 4,000,000.00 US Treasury Note

0.125% Due 1/15/2024

0.000 2,500.00 0.00 2,500.00 0.00
Interest 01/22/2024 91159HHN3 2,000,000.00 US Bancorp Callable Note Cont 6/22/2026

2.375% Due 7/22/2026

0.000 23,750.00 0.00 23,750.00 0.00
Interest 01/27/2024 3133EMNW8 2,000,000.00 FFCB Callable Note Cont 1/27/2023

0.7% Due 1/27/2027

0.000 7,000.00 0.00 7,000.00 0.00
Interest 01/28/2024 3133EPRS6 5,250,000.00 FFCB Note

4.875% Due 7/28/2025

0.000 127,968.75 0.00 127,968.75 0.00
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 14 Item 1E - Page 19
C.\\
Transaction Ledger
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss

OTHER TRANSACTIONS
Interest 01/30/2024 91159HHX1 1,250,000.00 US Bancorp Callable Note Cont 6/28/2024

2.4% Due 7/30/2024

0.000 15,000.00 0.00 15,000.00 0.00
Interest 01/31/2024 912828Y95 5,000,000.00 US Treasury Note

1.875% Due 7/31/2026

0.000 46,875.00 0.00 46,875.00 0.00
Interest 01/31/2024 91282CAB7 2,800,000.00 US Treasury Note

0.25% Due 7/31/2025

0.000 3,500.00 0.00 3,500.00 0.00
Interest 01/31/2024 91282CBH3 2,800,000.00 US Treasury Note

0.375% Due 1/31/2026

0.000 5,250.00 0.00 5,250.00 0.00
Interest 01/31/2024 91282CFB2 5,000,000.00 US Treasury Note

2.75% Due 7/31/2027

0.000 68,750.00 0.00 68,750.00 0.00
Interest 01/31/2024 91282CGH8 6,900,000.00 US Treasury Note

3.5% Due 1/31/2028

0.000 120,750.00 0.00 120,750.00 0.00
Subtotal 53,350,000.00 582,593.75 0.00 582,593.75 0.00
Dividend 01/02/2024 94975P405 275,735.57 Wells Fargo Adv Govt #1751 Money Market Fund

0.000 11,602.09 0.00 11,602.09 0.00
Dividend 01/15/2024 90LAIF$00 4,320,361,126.68 Local Agency Investment Fund State Pool

0.000 471,642.76 0.00 471,642.76 0.00
Dividend 01/31/2024 09CATR$04 2,571,983.96 CalTrust Short Term Fund 0.000 113,872.34 0.00 113,872.34 0.00 Subtotal 4,323,208,846.21 597,117.19 0.00 597,117.19 0.00 TOTAL OTHER TRANSACTIONS 4,376,558,846.21 1,179,710.94 0.00 1,179,710.94 0.00 Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 15 Item 1E - Page 20
C.\\
Income Earned
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income

FIXED INCOME
023135BW5 Amazon.com Inc
Note

0.45% Due 05/12/2024
05/21/2021
05/25/2021
1,250,000.00
1,250,214.82

0.00 0.00
1,250,164.37
765.63

0.00 1,234.38
468.75

0.00 50.45
(50.45)
418.30
418.30
023135CE4 Amazon.com Inc
Note
3% Due 04/13/2025
04/25/2022
04/27/2022
1,500,000.00
1,500,655.29

0.00 0.00
1,500,611.88
9,750.00

0.00 13,500.00
3,750.00

0.00 43.41
(43.41)
3,706.59
3,706.59
037833DB3 Apple Inc
Callable Note Cont 6/12/2027

2.9% Due 09/12/2027
02/14/2023
02/16/2023
2,000,000.00
1,897,257.64

0.00 0.00
1,899,616.91
17,561.11

0.00 22,394.44
4,833.33
2,359.27

0.00 2,359.27
7,192.60
7,192.60
037833DT4 Apple Inc
Callable Note Cont 4/11/2025

1.125% Due 05/11/2025
05/25/2022
05/26/2022
2,000,000.00
1,955,667.42

0.00 0.00
1,958,438.21
3,125.00

0.00 5,000.00
1,875.00
2,770.79

0.00 2,770.79
4,645.79
4,645.79
05552JAA7 PNC Bank
Callable Note Cont 7/27/2024

2.5% Due 08/27/2024
11/30/2022
12/02/2022
2,000,000.00
1,969,035.55

0.00 0.00
1,973,051.86
17,222.22

0.00 21,388.89
4,166.67
4,016.31

0.00 4,016.31
8,182.98
8,182.98
06051GJY6 Bank of America Corp
Callable Note Cont 6/14/2023

5.72% Due 06/14/2024
Various
Various
3,050,000.00
3,041,526.25

0.00 0.00
3,043,118.29
8,723.00

0.00 23,745.94
15,022.94
1,592.74

0.70 1,592.04
16,614.98
16,614.98
06406FAC7 Bank of NY Mellon Corp
Callable Note Cont 2/4/2026

2.8% Due 05/04/2026
01/25/2023
01/27/2023
2,000,000.00
1,931,565.47

0.00 0.00
1,934,049.62
8,866.67

0.00 13,533.33
4,666.66
2,484.15

0.00 2,484.15
7,150.81
7,150.81
06406RAS6 Bank of NY Mellon Corp
Callable Note Cont 03/26/2024

0.5% Due 04/26/2024
08/23/2021
08/25/2021
1,250,000.00
1,249,897.38

0.00 0.00
1,249,924.81
1,128.47

0.00 1,649.31
520.84

27.43 0.00

27.43 548.27
548.27
06406RAX5 Bank of NY Mellon Corp
Callable Note Cont 9/25/2024

0.85% Due 10/25/2024
10/25/2021
10/27/2021
1,200,000.00
1,199,746.26

0.00 0.00
1,199,772.66
1,870.00

0.00 2,720.00
850.00

26.40 0.00

26.40 876.40
876.40
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 16 Item 1E - Page 21
C.\\
Income Earned
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
07330NAT2 Truist Financial Corporation
Callable Note 11/05/2024

2.15% Due 12/06/2024
11/28/2022
11/30/2022
3,000,000.00
2,929,762.55

0.00 0.00
2,936,166.55
4,479.17

0.00 9,854.17
5,375.00
6,404.00

0.00 6,404.00
11,779.00
11,779.00
149123CC3 Caterpillar Inc.

Callable Note Cont 2/15/2024

3.4% Due 05/15/2024
03/24/2022
03/28/2022
1,250,000.00
1,253,968.55

0.00 0.00
1,253,057.25
5,430.56

0.00 8,972.22
3,541.66

0.00 911.30
(911.30)
2,630.36
2,630.36
14913Q3B3 Caterpillar Finl Service
Note

2.15% Due 11/08/2024
12/09/2021
12/13/2021
2,000,000.00
2,016,061.68

0.00 0.00
2,014,465.81
6,330.56

0.00 9,913.89
3,583.33

0.00 1,595.87
(1,595.87)
1,987.46
1,987.46
22160KAM7 Costco Wholesale Corp
Callable Note Cont 2/18/2027
3% Due 05/18/2027
08/24/2022
08/26/2022
2,000,000.00
1,969,067.84

0.00 0.00
1,969,845.54
7,166.67

0.00 12,166.67
5,000.00
777.70

0.00 777.70
5,777.70
5,777.70
24422EVB2 John Deere Capital Corp
Note

2.25% Due 09/14/2026
Various
Various
2,500,000.00
2,401,361.76

0.00 0.00
2,404,459.82
16,718.75

0.00 21,406.25
4,687.50
3,098.06

0.00 3,098.06
7,785.56
7,785.56
24422EVQ9 John Deere Capital Corp
Note

0.45% Due 06/07/2024
06/09/2021
06/11/2021
1,250,000.00
1,250,173.63

0.00 0.00
1,250,139.56
375.00

0.00 843.75
468.75

0.00 34.07
(34.07)
434.68
434.68
3130A0XE5 FHLB
Note

3.25% Due 03/08/2024
06/13/2022
06/14/2022
4,000,000.00
4,000,101.61

0.00 0.00
4,000,054.60
40,805.56

0.00 51,638.89
10,833.33

0.00 47.01
(47.01)
10,786.32
10,786.32
3130AL5A8 FHLB
Callable Note Qtrly 11/26/2026

0.9% Due 02/26/2027
Various
Various
5,000,000.00
4,669,358.40

0.00 0.00
4,678,255.88
15,625.00

0.00 19,375.00
3,750.00
8,897.48

0.00 8,897.48
12,647.48
12,647.48
3130ALHH0 FHLB
Callable Note Mnthly 4/5/2022

0.96% Due 03/05/2026
03/28/2022
03/29/2022
3,000,000.00
2,892,917.75

0.00 0.00
2,897,098.54
9,280.00

0.00 11,680.00
2,400.00
4,180.79

0.00 4,180.79
6,580.79
6,580.79
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 17 Item 1E - Page 22
C.\\
Income Earned
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3130ANMH0 FHLB
Callable Note Mnthly 9/20/2021

1.1% Due 08/20/2026
09/08/2022
09/09/2022
2,000,000.00
1,873,558.08

0.00 0.00
1,877,632.62
8,005.56

0.00 9,838.89
1,833.33
4,074.54

0.00 4,074.54
5,907.87
5,907.87
3130AQF40 FHLB
Note
1% Due 12/20/2024
01/24/2022
01/25/2022
3,000,000.00
2,992,856.55

0.00 0.00
2,993,482.10
916.67

0.00 3,416.67
2,500.00
625.55

0.00 625.55
3,125.55
3,125.55
3130ATS57 FHLB
Note

4.5% Due 03/10/2028
03/30/2023
03/31/2023
6,000,000.00
6,138,431.96

0.00 0.00
6,135,627.13
83,250.00

0.00 105,750.00
22,500.00

0.00 2,804.83
(2,804.83)
19,695.17
19,695.17
3130ATUC9 FHLB
Note

4.5% Due 12/12/2025
02/14/2023
02/15/2023
4,000,000.00
4,007,254.82

0.00 0.00
4,006,938.51
9,500.00

0.00 24,500.00
15,000.00

0.00 316.31
(316.31)
14,683.69
14,683.69
3130ATUR6 FHLB
Note

4.625% Due 12/13/2024
04/26/2023
04/27/2023
5,000,000.00
5,012,546.73

0.00 0.00
5,011,425.84
11,562.50

0.00 30,833.33
19,270.83

0.00 1,120.89
(1,120.89)
18,149.94
18,149.94
3130ATUS4 FHLB
Note

4.25% Due 12/10/2027
01/25/2023
01/26/2023
6,000,000.00
6,131,839.58

0.00 0.00
6,128,999.39
14,875.00

0.00 36,125.00
21,250.00

0.00 2,840.19
(2,840.19)
18,409.81
18,409.81
3130AWLZ1 FHLB
Note

4.75% Due 06/12/2026
08/22/2023
08/23/2023
5,250,000.00
5,237,592.62

0.00 0.00
5,238,023.33
13,161.46

0.00 33,942.71
20,781.25
430.71

0.00 430.71
21,211.96
21,211.96
3130AWTR1 FHLB
Note

4.375% Due 09/08/2028
10/19/2023
10/20/2023
5,000,000.00
4,862,704.31

0.00 0.00
4,865,190.39
89,322.92

0.00 107,552.08
18,229.16
2,486.08

0.00 2,486.08
20,715.24
20,715.24
3130AXQK7 Federal Home Loan Banks
Note

4.75% Due 12/08/2028
01/23/2024
01/24/2024
7,100,000.00

0.00 7,299,865.00

0.00 7,298,966.73

0.00 (75,881.25)
82,438.89
6,557.64

0.00 898.27
(898.27)
5,659.37
5,659.37
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 18 Item 1E - Page 23
C.\\
Income Earned
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3133ELVQ4 FFCB
Note

0.95% Due 04/01/2025
08/23/2021
08/24/2021
2,600,000.00
2,612,153.30

0.00 0.00
2,611,327.09
6,175.00

0.00 8,233.33
2,058.33

0.00 826.21
(826.21)
1,232.12
1,232.12
3133EMNW8 FFCB
Callable Note Cont 1/27/2023

0.7% Due 01/27/2027
04/25/2022
04/26/2022
2,000,000.00
1,867,582.04

0.00 0.00
1,871,240.64
5,988.89
7,000.00
155.56
1,166.67
3,658.60

0.00 3,658.60
4,825.27
4,825.27
3133ENG20 FFCB
Note

3.3% Due 08/15/2024
08/11/2022
08/15/2022
5,000,000.00
5,001,645.83

0.00 0.00
5,001,421.07
62,333.33

0.00 76,083.33
13,750.00

0.00 224.76
(224.76)
13,525.24
13,525.24
3133ENKS8 FFCB
Note

1.125% Due 01/06/2025
01/24/2022
01/25/2022
3,000,000.00
2,996,114.32

0.00 0.00
2,996,439.00
16,406.25
16,875.00
2,343.75
2,812.50
324.68

0.00 324.68
3,137.18
3,137.18
3133ENP95 FFCB
Note

4.25% Due 09/30/2025
05/30/2023
05/31/2023
4,200,000.00
4,183,287.84

0.00 0.00
4,184,099.87
45,120.83

0.00 59,995.83
14,875.00
812.03

0.00 812.03
15,687.03
15,687.03
3133ENZ94 FFCB
Note

4.5% Due 11/18/2024
11/23/2022
11/28/2022
5,000,000.00
4,990,599.03

0.00 0.00
4,991,504.09
26,875.00

0.00 45,625.00
18,750.00
905.06

0.00 905.06
19,655.06
19,655.06
3133EPAV7 FFCB
Note

3.875% Due 02/14/2028
02/14/2023
02/15/2023
6,000,000.00
5,957,744.55

0.00 0.00
5,958,614.93
88,479.17

0.00 107,854.17
19,375.00
870.38

0.00 870.38
20,245.38
20,245.38
3133EPBM6 FFCB
Note

4.125% Due 08/23/2027
02/24/2023
02/27/2023
3,800,000.00
3,770,657.18

0.00 0.00
3,771,341.11
55,733.33

0.00 68,795.83
13,062.50
683.93

0.00 683.93
13,746.43
13,746.43
3133EPCR4 FFCB
Note

4.75% Due 03/09/2026
04/26/2023
04/27/2023
5,000,000.00
5,090,356.16

0.00 0.00
5,086,846.08
73,888.89

0.00 93,680.56
19,791.67

0.00 3,510.08
(3,510.08)
16,281.59
16,281.59
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 19 Item 1E - Page 24
C.\\
Income Earned
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3133EPGW9 FFCB
Note

3.875% Due 04/25/2028
04/26/2023
04/27/2023
5,000,000.00
5,046,243.73

0.00 0.00
5,045,334.11
35,520.83

0.00 51,666.67
16,145.84

0.00 909.62
(909.62)
15,236.22
15,236.22
3133EPNH4 FFCB
Note

3.875% Due 06/21/2028
06/22/2023
06/23/2023
7,000,000.00
6,935,673.22

0.00 0.00
6,936,894.37
7,534.72

0.00 30,138.89
22,604.17
1,221.15

0.00 1,221.15
23,825.32
23,825.32
3133EPRS6 FFCB
Note

4.875% Due 07/28/2025
08/22/2023
08/23/2023
5,250,000.00
5,232,987.62

0.00 0.00
5,233,906.40
108,773.44
127,968.75
2,132.81
21,328.12
918.78

0.00 918.78
22,246.90
22,246.90
3135G04Z3 FNMA
Note

0.5% Due 06/17/2025
12/29/2021
12/30/2021
3,200,000.00
3,173,222.75

0.00 0.00
3,174,780.15
622.22

0.00 1,955.56
1,333.34
1,557.40

0.00 1,557.40
2,890.74
2,890.74
3135G0X24 FNMA
Note

1.625% Due 01/07/2025
12/28/2021
12/29/2021
3,100,000.00
3,118,837.34

0.00 0.00
3,117,267.56
24,347.92
25,187.50
3,358.33
4,197.91

0.00 1,569.78
(1,569.78)
2,628.13
2,628.13
3137BSRE5 FHLMC
K059 A2

3.12% Due 09/25/2026
02/18/2022
02/24/2022
2,750,000.00
2,819,752.60

0.00 0.00
2,817,532.55
7,150.00
7,150.00
7,150.00
7,150.00

0.00 2,220.05
(2,220.05)
4,929.95
4,929.95
3137H4BY5 FHLMC
K746 A2

2.031% Due 09/25/2028
10/18/2023
10/23/2023
7,000,000.00
6,032,640.90

0.00 0.00
6,049,985.10
11,847.50
11,847.50
11,847.50
11,847.50
17,344.20

0.00 17,344.20
29,191.70
29,191.70
437076CR1 Home Depot
Callable Note Cont 8/15/2025
4% Due 09/15/2025
09/12/2022
09/19/2022
925,000.00
924,810.02

0.00 0.00
924,819.47
10,894.44

0.00 13,977.78
3,083.34

9.45 0.00

9.45 3,092.79
3,092.79
437076CV2 Home Depot
Callable Note Cont 8/30/2026

4.95% Due 09/30/2026
12/21/2023
12/26/2023
3,600,000.00
3,647,452.14

0.00 0.00
3,645,985.52
13,365.00

0.00 28,215.00
14,850.00

0.00 1,466.62
(1,466.62)
13,383.38
13,383.38
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 20 Item 1E - Page 25
C.\\
Income Earned
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
43815GAC3 Honda Auto Receivables Trust
2021-4 A3

0.88% Due 01/21/2026
02/03/2022
02/07/2022
634,920.18
683,204.25

0.00 51,183.79
632,436.27
167.71
503.14
155.20
490.63
415.81

0.00 415.81
906.44
906.44
4581X0EE4 Inter-American Dev Bank
Note

3.25% Due 07/01/2024
06/27/2022
07/01/2022
5,000,000.00
4,999,950.21

0.00 0.00
4,999,958.69
81,250.00
81,250.00
13,541.67
13,541.67

8.48 0.00

8.48 13,550.15
13,550.15
459058JB0 Intl. Bank Recon & Development
Note

0.625% Due 04/22/2025
07/20/2021
07/22/2021
2,500,000.00
2,502,228.32

0.00 0.00
2,502,083.50
2,994.79

0.00 4,296.88
1,302.09

0.00 144.82
(144.82)
1,157.27
1,157.27
45950VHX7 International Finance Corp
Note

2.125% Due 04/07/2026
Various
Various
5,000,000.00
4,886,133.52

0.00 0.00
4,890,401.79
24,791.66

0.00 33,645.84
8,854.18
4,268.27

0.00 4,268.27
13,122.45
13,122.45
46647PBK1 JP Morgan Chase & Co
Callable Note Cont 4/22/2025

2.083% Due 04/22/2026
Various
Various
3,300,000.00
3,279,091.07

0.00 0.00
3,279,860.88
13,174.97

0.00 18,903.22
5,728.25
1,835.41
1,065.60
769.81
6,498.06
6,498.06
57636QAR5 MasterCard Inc
Callable Note 1/26/2027

3.3% Due 03/26/2027
05/30/2023
05/31/2023
4,000,000.00
3,875,486.74

0.00 0.00
3,878,757.85
34,833.33

0.00 45,833.33
11,000.00
3,271.11

0.00 3,271.11
14,271.11
14,271.11
58933YAY1 Merck & Co
Callable Note Cont 1/24/2026

0.75% Due 02/24/2026
Various
Various
4,000,000.00
3,837,106.79

0.00 0.00
3,843,539.52
10,583.33

0.00 13,083.33
2,500.00
6,432.73

0.00 6,432.73
8,932.73
8,932.73
594918BY9 Microsoft
Callable Note Cont 11/06/2026

3.3% Due 02/06/2027
01/25/2023
01/27/2023
3,000,000.00
2,943,807.86

0.00 0.00
2,945,346.69
39,875.00

0.00 48,125.00
8,250.00
1,538.83

0.00 1,538.83
9,788.83
9,788.83
61761JVL0 Morgan Stanley
Note

3.7% Due 10/23/2024
Various
Various
3,250,000.00
3,256,312.58

0.00 0.00
3,255,651.47
22,713.89

0.00 32,734.72
10,020.83
140.46
801.57
(661.11)
9,359.72
9,359.72
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 21 Item 1E - Page 26
C.\\
Income Earned
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
665859AW4 Northern Trust Company
Callable Note Cont 4/10/2027
4% Due 05/10/2027
06/13/2022
06/15/2022
3,000,000.00
2,981,912.43

0.00 0.00
2,982,370.16
17,000.00

0.00 27,000.00
10,000.00
457.73

0.00 457.73
10,457.73
10,457.73
69353REQ7 PNC Bank
Callable Note Cont 5/2/2025

3.25% Due 06/01/2025
08/25/2022
08/29/2022
2,500,000.00
2,477,692.50

0.00 0.00
2,479,030.09
6,770.83

0.00 13,541.67
6,770.84
1,337.59

0.00 1,337.59
8,108.43
8,108.43
69371RR99 Paccar Financial Corp
Note

3.55% Due 08/11/2025
08/11/2022
08/15/2022
3,000,000.00
2,997,673.85

0.00 0.00
2,997,796.48
41,416.67

0.00 50,291.67
8,875.00
122.63

0.00 122.63
8,997.63
8,997.63
717081EA7 Pfizer Inc.

Note
3% Due 12/15/2026
Various
Various
4,000,000.00
3,891,575.90

0.00 0.00
3,894,690.95
5,333.33

0.00 15,333.33
10,000.00
3,115.05

0.00 3,115.05
13,115.05
13,115.05
742718FV6 Procter & Gamble Co
Note

1.9% Due 02/01/2027
01/27/2022
02/01/2022
2,550,000.00
2,547,765.13

0.00 0.00
2,547,826.61
20,187.50

0.00 24,225.00
4,037.50

61.48 0.00

61.48 4,098.98
4,098.98
79466LAG9 Salesforce.com Inc
Callable Note Cont 7/15/2022

0.625% Due 07/15/2024
12/10/2021
12/14/2021
2,000,000.00
1,995,918.05

0.00 0.00
1,996,563.67
5,763.89
6,250.00
555.56
1,041.67
645.62

0.00 645.62
1,687.29
1,687.29
808513BN4 Charles Schwab Corp
Callable Note Cont 2/18/2024

0.75% Due 03/18/2024
06/25/2021
06/29/2021
1,250,000.00
1,250,554.43

0.00 0.00
1,250,331.22
2,682.29

0.00 3,463.54
781.25

0.00 223.21
(223.21)
558.04
558.04
808513BR5 Charles Schwab Corp
Callable Note Cont 4/13/2026

1.15% Due 05/13/2026
Various
Various
2,250,000.00
2,138,290.53

0.00 0.00
2,142,303.27
3,450.00

0.00 5,606.25
2,156.25
4,012.74

0.00 4,012.74
6,168.99
6,168.99
857477BE2 State Street Bank
Callable Note 1X 11/1/2024

2.354% Due 11/01/2025
09/08/2022
09/12/2022
2,500,000.00
2,448,215.31

0.00 0.00
2,450,611.32
9,808.33

0.00 14,712.50
4,904.17
2,396.01

0.00 2,396.01
7,300.18
7,300.18
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 22 Item 1E - Page 27
C.\\
Income Earned
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
857477BS1 State Street Bank
Callable Note Cont 2/7/2027

2.203% Due 02/07/2028
02/14/2023
02/16/2023
1,500,000.00
1,386,659.33

0.00 0.00
1,389,004.83
13,218.00

0.00 15,971.75
2,753.75
2,345.50

0.00 2,345.50
5,099.25
5,099.25
87612EBM7 Target Corp
Callable Note Cont 12/15/2026

1.95% Due 01/15/2027
Various
Various
3,250,000.00
3,192,182.07

0.00 0.00
3,193,796.80
29,222.91
31,687.50
2,816.66
5,281.25
1,767.43
152.70
1,614.73
6,895.98
6,895.98
89190GAC1 Toyota Auto Receivables Trust
2021-B A3

0.26% Due 11/17/2025
06/14/2021
06/16/2021
456,803.70
509,137.91

0.00 52,334.21
456,803.70

58.83 110.31

52.79 104.27

0.00 0.00

0.00 104.27
104.27
91159HHN3 US Bancorp
Callable Note Cont 6/22/2026

2.375% Due 07/22/2026
08/11/2022
08/15/2022
2,000,000.00
1,946,980.67

0.00 0.00
1,948,742.30
20,979.17
23,750.00
1,187.50
3,958.33
1,761.63

0.00 1,761.63
5,719.96
5,719.96
91159HHX1 US Bancorp
Callable Note Cont 6/28/2024

2.4% Due 07/30/2024
08/23/2021
08/25/2021
1,250,000.00
1,262,662.46

0.00 0.00
1,260,802.10
12,583.33
15,000.00

83.33 2,500.00

0.00 1,860.36
(1,860.36)
639.64
639.64
91159HHZ6 US Bancorp
Callable Note Cont 4/11/2025

1.45% Due 05/12/2025
01/24/2022
01/26/2022
800,000.00
797,926.00

0.00 0.00
798,055.36
1,578.89

0.00 2,545.56
966.67
129.36

0.00 129.36
1,096.03
1,096.03
9128282A7 US Treasury
Note

1.5% Due 08/15/2026
12/28/2021
12/29/2021
3,100,000.00
3,121,120.19

0.00 0.00
3,120,436.04
17,563.86

0.00 21,480.98
3,917.12

0.00 684.15
(684.15)
3,232.97
3,232.97
9128282R0 US Treasury
Note

2.25% Due 08/15/2027
05/30/2023
05/31/2023
7,000,000.00
6,609,117.10

0.00 0.00
6,618,283.03
59,490.49

0.00 72,758.15
13,267.66
9,165.93

0.00 9,165.93
22,433.59
22,433.59
9128283F5 US Treasury
Note

2.25% Due 11/15/2027
01/25/2023
01/26/2023
6,000,000.00
5,719,230.51

0.00 0.00
5,725,385.99
17,431.32

0.00 28,928.57
11,497.25
6,155.48

0.00 6,155.48
17,652.73
17,652.73
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 23 Item 1E - Page 28
C.\\
Income Earned
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
9128284V9 US Treasury
Note

2.875% Due 08/15/2028
08/22/2023
08/23/2023
5,250,000.00
4,905,160.29

0.00 0.00
4,911,493.25
57,011.72

0.00 69,726.56
12,714.84
6,332.96

0.00 6,332.96
19,047.80
19,047.80
9128286L9 US Treasury
Note

2.25% Due 03/31/2026
08/24/2022
08/25/2022
5,000,000.00
4,891,766.55

0.00 0.00
4,895,858.30
28,586.07

0.00 38,114.75
9,528.68
4,091.75

0.00 4,091.75
13,620.43
13,620.43
9128286S4 US Treasury
Note

2.375% Due 04/30/2026
Various
Various
7,000,000.00
6,844,830.23

0.00 0.00
6,850,489.36
28,317.31

0.00 42,475.96
14,158.65
5,659.13

0.00 5,659.13
19,817.78
19,817.78
912828M56 US Treasury
Note

2.25% Due 11/15/2025
05/25/2022
05/26/2022
3,000,000.00
2,976,060.51

0.00 0.00
2,977,145.48
8,715.66

0.00 14,464.29
5,748.63
1,084.97

0.00 1,084.97
6,833.60
6,833.60
912828P46 US Treasury
Note

1.625% Due 02/15/2026
01/25/2023
01/26/2023
6,000,000.00
5,736,639.78

0.00 0.00
5,747,160.62
36,827.45

0.00 45,040.76
8,213.31
10,520.84

0.00 10,520.84
18,734.15
18,734.15
912828U24 US Treasury
Note
2% Due 11/15/2026
05/25/2022
05/26/2022
3,000,000.00
2,938,234.23

0.00 0.00
2,940,059.52
7,747.25

0.00 12,857.14
5,109.89
1,825.29

0.00 1,825.29
6,935.18
6,935.18
912828V98 US Treasury
Note

2.25% Due 02/15/2027
Various
Various
3,700,000.00
3,616,493.64

0.00 0.00
3,618,762.43
31,444.97

0.00 38,457.89
7,012.92
2,268.79

0.00 2,268.79
9,281.71
9,281.71
912828X88 US Treasury
Note

2.375% Due 05/15/2027
06/13/2022
06/14/2022
4,000,000.00
3,865,490.15

0.00 0.00
3,868,880.24
12,266.48

0.00 20,357.14
8,090.66
3,390.09

0.00 3,390.09
11,480.75
11,480.75
912828Y95 US Treasury
Note

1.875% Due 07/31/2026
06/27/2022
06/28/2022
5,000,000.00
4,838,059.27

0.00 0.00
4,843,388.53
39,232.34
46,875.00
257.55
7,900.21
5,329.26

0.00 5,329.26
13,229.47
13,229.47
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 24 Item 1E - Page 29
C.\\
Income Earned
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
912828ZF0 US Treasury
Note

0.5% Due 03/31/2025
05/21/2021
05/25/2021
2,000,000.00
1,998,912.86

0.00 0.00
1,998,986.93
2,540.98

0.00 3,387.98
847.00

74.07 0.00

74.07 921.07
921.07
91282CAB7 US Treasury
Note

0.25% Due 07/31/2025
10/25/2021
10/26/2021
2,800,000.00
2,770,190.70

0.00 0.00
2,771,792.24
2,929.35
3,500.00

19.23 589.88
1,601.54

0.00 1,601.54
2,191.42
2,191.42
91282CAJ0 US Treasury
Note

0.25% Due 08/31/2025
08/23/2021
08/24/2021
2,750,000.00
2,732,337.15

0.00 0.00
2,733,237.73
2,323.15

0.00 2,908.65
585.50
900.58

0.00 900.58
1,486.08
1,486.08
91282CAM3 US Treasury
Note

0.25% Due 09/30/2025
12/28/2021
12/29/2021
3,300,000.00
3,251,050.60

0.00 0.00
3,253,429.02
2,096.31

0.00 2,795.08
698.77
2,378.42

0.00 2,378.42
3,077.19
3,077.19
91282CAT8 US Treasury
Note

0.25% Due 10/31/2025
08/23/2021
08/24/2021
2,750,000.00
2,729,037.35

0.00 0.00
2,730,008.71
1,171.02

0.00 1,756.52
585.50
971.36

0.00 971.36
1,556.86
1,556.86
91282CBE0 US Treasury
Note
Due 01/15/2024
06/13/2022
06/14/2022

0.00 3,995,545.80

0.00 4,000,000.00

0.00 2,309.78
2,500.00

0.00 190.22
4,454.20

0.00 4,454.20
4,644.42
4,644.42
91282CBH3 US Treasury
Note

0.375% Due 01/31/2026
10/25/2021
10/26/2021
2,800,000.00
2,760,412.92

0.00 0.00
2,762,025.54
4,394.02
5,250.00

28.85 884.83
1,612.62

0.00 1,612.62
2,497.45
2,497.45
91282CBM2 US Treasury
Note

0.125% Due 02/15/2024
12/28/2021
12/29/2021
3,200,000.00
3,197,541.77

0.00 0.00
3,199,235.22
1,510.87

0.00 1,847.83
336.96
1,693.45

0.00 1,693.45
2,030.41
2,030.41
91282CBV2 US Treasury
Note

0.375% Due 04/15/2024
06/13/2022
06/14/2022
4,000,000.00
3,968,605.63

0.00 0.00
3,977,874.44
3,196.72

0.00 4,467.21
1,270.49
9,268.81

0.00 9,268.81
10,539.30
10,539.30
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 25 Item 1E - Page 30
C.\\
Income Earned
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91282CCG4 US Treasury
Note

0.25% Due 06/15/2024
06/09/2021
06/15/2021
1,250,000.00
1,249,659.81

0.00 0.00
1,249,723.34
145.15

0.00 409.84
264.69

63.53 0.00

63.53 328.22
328.22
91282CDG3 US Treasury
Note

1.125% Due 10/31/2026
08/11/2022
08/12/2022
5,000,000.00
4,751,522.96

0.00 0.00
4,758,972.46
9,581.04

0.00 14,371.57
4,790.53
7,449.50

0.00 7,449.50
12,240.03
12,240.03
91282CDH1 US Treasury
Note

0.75% Due 11/15/2024
12/09/2021
12/10/2021
3,000,000.00
2,994,589.79

0.00 0.00
2,995,115.55
2,905.22

0.00 4,821.43
1,916.21
525.76

0.00 525.76
2,441.97
2,441.97
91282CDZ1 US Treasury
Note

1.5% Due 02/15/2025
03/24/2022
03/25/2022
3,000,000.00
2,971,684.27

0.00 0.00
2,973,820.01
16,997.28

0.00 20,788.04
3,790.76
2,135.74

0.00 2,135.74
5,926.50
5,926.50
91282CED9 US Treasury
Note

1.75% Due 03/15/2025
06/13/2022
06/14/2022
4,000,000.00
3,924,854.01

0.00 0.00
3,930,160.45
20,769.23

0.00 26,730.77
5,961.54
5,306.44

0.00 5,306.44
11,267.98
11,267.98
91282CEF4 US Treasury
Note

2.5% Due 03/31/2027
06/27/2022
06/28/2022
5,000,000.00
4,890,606.45

0.00 0.00
4,893,468.22
31,762.30

0.00 42,349.73
10,587.43
2,861.77

0.00 2,861.77
13,449.20
13,449.20
91282CEN7 US Treasury
Note

2.75% Due 04/30/2027
08/24/2022
08/25/2022
5,000,000.00
4,933,071.47

0.00 0.00
4,934,779.11
23,420.33

0.00 35,130.49
11,710.16
1,707.64

0.00 1,707.64
13,417.80
13,417.80
91282CFB2 US Treasury
Note

2.75% Due 07/31/2027
11/23/2022
11/28/2022
5,000,000.00
4,790,813.45

0.00 0.00
4,795,775.03
57,540.76
68,750.00
377.75
11,586.99
4,961.58

0.00 4,961.58
16,548.57
16,548.57
91282CFM8 US Treasury
Note

4.125% Due 09/30/2027
05/30/2023
05/31/2023
7,000,000.00
7,043,242.85

0.00 0.00
7,042,262.93
73,370.90

0.00 97,827.87
24,456.97

0.00 979.92
(979.92)
23,477.05
23,477.05
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 26 Item 1E - Page 31
C.\\
Income Earned
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91282CFN6 US Treasury
Note

4.25% Due 09/30/2024
05/30/2023
05/31/2023
7,000,000.00
6,964,511.40

0.00 0.00
6,968,541.24
75,594.26

0.00 100,792.35
25,198.09
4,029.84

0.00 4,029.84
29,227.93
29,227.93
91282CGH8 US Treasury
Note

3.5% Due 01/31/2028
06/22/2023
06/23/2023
6,900,000.00
6,743,836.19

0.00 0.00
6,747,083.05
101,062.50
120,750.00
663.46
20,350.96
3,246.86

0.00 3,246.86
23,597.82
23,597.82
91282CGT2 US Treasury
Note

3.625% Due 03/31/2028
11/15/2023
11/16/2023
5,200,000.00
5,014,365.00

0.00 0.00
5,018,075.30
47,897.54

0.00 63,863.39
15,965.85
3,710.30

0.00 3,710.30
19,676.15
19,676.15
91282CHE4 US Treasury
Note

3.625% Due 05/31/2028
05/30/2023
05/31/2023
7,000,000.00
6,947,646.67

0.00 0.00
6,948,653.46
22,185.79

0.00 43,678.28
21,492.49
1,006.79

0.00 1,006.79
22,499.28
22,499.28
92826CAL6 Visa Inc
Callable Note Cont 2/15/2027

1.9% Due 04/15/2027
02/14/2023
02/16/2023
4,000,000.00
3,698,159.32

0.00 0.00
3,705,956.87
16,044.44

0.00 22,377.78
6,333.34
7,797.55

0.00 7,797.55
14,130.89
14,130.89
Total Fixed Income 371,016,723.88
361,509,753.85
7,299,865.00
4,103,518.00
364,911,002.47
2,293,696.75
526,323.45
2,582,644.74
815,271.44
232,204.37
27,302.75
204,901.62
1,020,173.06 1,020,173.06

CASH & EQUIVALENT
94975P405 Wells Fargo Adv Govt #1751
Money Market Fund
Various
Various
608,396.69
275,735.57
7,717,324.79
7,384,663.67
608,396.69

0.00 11,602.09

0.00 0.00

0.00 11,602.09
11,602.09
Total Cash & Equivalent 608,396.69
275,735.57
7,717,324.79
7,384,663.67
608,396.69

0.00 11,602.09

0.00 0.00

0.00 11,602.09
11,602.09
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 27 Item 1E - Page 32
C.\\
Income Earned
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income

LOCAL AGENCY INVESTMENT FUND
90LAIF$00 Local Agency Investment Fund
State Pool
Various
Various
43,475,568.05
43,003,925.29
471,642.76

0.00 43,475,568.05
449,578.47
471,642.76
147,650.64
169,714.93

0.00 0.00

0.00 169,714.93
169,714.93
Total Local Agency Investment Fund 43,475,568.05
43,003,925.29
471,642.76

0.00 43,475,568.05
449,578.47
471,642.76
147,650.64
169,714.93

0.00 0.00

0.00 169,714.93
169,714.93

INVESTMENT POOL
09CATR$04 CalTrust
Short Term Fund
Various
Various
2,583,303.28
25,927,083.81
113,872.34

0.00 26,040,956.15

0.00 113,872.34

0.00 0.00

0.00 113,872.34
113,872.34
Total Investment Pool 2,583,303.28
25,927,083.81
113,872.34

0.00 26,040,956.15

0.00 113,872.34

0.00 0.00

0.00 113,872.34
113,872.34
TOTAL PORTFOLIO 417,683,991.90
430,716,498.52
15,602,704.89
11,488,181.67
435,035,923.36
2,743,275.22
1,123,440.64
2,730,295.38
1,110,460.80
232,204.37
27,302.75
204,901.62
1,315,362.42 1,315,362.42
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 28 Item 1E - Page 33
C.\\
Cash Flow Report
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/01/2024 Interest 742718FV6 2,550,000.00 Procter & Gamble Co Note

1.9% Due 2/1/2027

0.00 24,225.00 24,225.00
02/06/2024 Interest 594918BY9 3,000,000.00 Microsoft Callable Note Cont 11/06/2026

3.3% Due 2/6/2027

0.00 49,500.00 49,500.00
02/07/2024 Interest 857477BS1 1,500,000.00 State Street Bank Callable Note Cont 2/7/2027

2.203% Due 2/7/2028

0.00 16,522.51 16,522.51
02/11/2024 Interest 69371RR99 3,000,000.00 Paccar Financial Corp Note

3.55% Due 8/11/2025

0.00 53,250.00 53,250.00
02/14/2024 Interest 3133EPAV7 6,000,000.00 FFCB Note

3.875% Due 2/14/2028

0.00 116,250.00 116,250.00
02/15/2024 Interest 9128282A7 3,100,000.00 US Treasury Note

1.5% Due 8/15/2026

0.00 23,250.00 23,250.00
02/15/2024 Interest 9128284V9 5,250,000.00 US Treasury Note

2.875% Due 8/15/2028

0.00 75,468.75 75,468.75
02/15/2024 Interest 912828P46 6,000,000.00 US Treasury Note

1.625% Due 2/15/2026

0.00 48,750.00 48,750.00
02/15/2024 Interest 912828V98 3,700,000.00 US Treasury Note

2.25% Due 2/15/2027

0.00 41,625.00 41,625.00
02/15/2024 Interest 3133ENG20 5,000,000.00 FFCB Note

3.3% Due 8/15/2024

0.00 82,500.00 82,500.00
02/15/2024 Interest 9128282R0 7,000,000.00 US Treasury Note

2.25% Due 8/15/2027

0.00 78,750.00 78,750.00
02/15/2024 Interest 91282CDZ1 3,000,000.00 US Treasury Note

1.5% Due 2/15/2025

0.00 22,500.00 22,500.00
02/15/2024 Maturity 91282CBM2 3,200,000.00 US Treasury Note 3,200,000.00 2,000.00 3,202,000.00 02/15/2024 Paydown 89190GAC1 456,803.70 Toyota Auto Receivables Trust 2021-B A3

0.26% Due 11/17/2025
65,239.73 98.97 65,338.70
02/19/2024 Paydown 3137H4BY5 0.00 FHLMC K746 A2

2.031% Due 9/25/2028

0.00 11,847.50 11,847.50
02/19/2024 Paydown 3137BSRE5 0.00 FHLMC K059 A2

3.12% Due 9/25/2026

0.00 7,150.00 7,150.00
02/20/2024 Interest 3130ANMH0 2,000,000.00 FHLB Callable Note Mnthly 9/20/2021

1.1% Due 8/20/2026

0.00 11,000.00 11,000.00
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 29 Item 1E - Page 34
C.\\
Cash Flow Report
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/21/2024 Paydown 43815GAC3 634,920.18 Honda Auto Receivables Trust 2021-4 A3

0.88% Due 1/21/2026
48,771.67 465.61 49,237.28
02/23/2024 Interest 3133EPBM6 3,800,000.00 FFCB Note

4.125% Due 8/23/2027

0.00 78,375.00 78,375.00
02/24/2024 Interest 58933YAY1 4,000,000.00 Merck & Co Callable Note Cont 1/24/2026

0.75% Due 2/24/2026

0.00 15,000.00 15,000.00
02/25/2024 Paydown 3137H4BY5 7,000,000.00 FHLMC K746 A2

2.031% Due 9/25/2028

0.00 11,847.50 11,847.50
02/25/2024 Paydown 3137BSRE5 2,750,000.00 FHLMC K059 A2

3.12% Due 9/25/2026

0.00 7,150.00 7,150.00
02/26/2024 Interest 3130AL5A8 5,000,000.00 FHLB Callable Note Qtrly 11/26/2026

0.9% Due 2/26/2027

0.00 22,500.00 22,500.00
02/27/2024 Interest 05552JAA7 2,000,000.00 PNC Bank Callable Note Cont 7/27/2024

2.5% Due 8/27/2024

0.00 25,000.00 25,000.00
02/29/2024 Interest 91282CAJ0 2,750,000.00 US Treasury Note

0.25% Due 8/31/2025

0.00 3,437.50 3,437.50
FEB 2024 3,314,011.40 828,463.34 4,142,474.74
03/05/2024 Interest 3130ALHH0 3,000,000.00 FHLB Callable Note Mnthly 4/5/2022

0.96% Due 3/5/2026

0.00 14,400.00 14,400.00
03/08/2024 Interest 3130AWTR1 5,000,000.00 FHLB Note

4.375% Due 9/8/2028

0.00 130,034.72 130,034.72
03/08/2024 Maturity 3130A0XE5 4,000,000.00 FHLB Note

3.25% Due 3/8/2024
4,000,000.00 65,000.00 4,065,000.00
03/09/2024 Interest 3133EPCR4 5,000,000.00 FFCB Note

4.75% Due 3/9/2026

0.00 118,750.00 118,750.00
03/10/2024 Interest 3130ATS57 6,000,000.00 FHLB Note

4.5% Due 3/10/2028

0.00 135,000.00 135,000.00
03/12/2024 Interest 037833DB3 2,000,000.00 Apple Inc Callable Note Cont 6/12/2027

2.9% Due 9/12/2027

0.00 29,000.00 29,000.00
03/14/2024 Interest 24422EVB2 2,500,000.00 John Deere Capital Corp Note

2.25% Due 9/14/2026

0.00 28,125.00 28,125.00
03/14/2024 Interest 06051GJY6 3,050,000.00 Bank of America Corp Callable Note Cont 6/14/2023

5.72% Due 6/14/2024

0.00 44,099.61 44,099.61
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 30 Item 1E - Page 35
C.\\
Cash Flow Report
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/15/2024 Interest 437076CR1 925,000.00 Home Depot Callable Note Cont 8/15/2025 4% Due 9/15/2025

0.00 18,500.00 18,500.00
03/15/2024 Interest 91282CED9 4,000,000.00 US Treasury Note

1.75% Due 3/15/2025

0.00 35,000.00 35,000.00
03/15/2024 Paydown 89190GAC1 456,803.70 Toyota Auto Receivables Trust 2021-B A3

0.26% Due 11/17/2025
65,245.71 84.84 65,330.55
03/18/2024 Maturity 808513BN4 1,250,000.00 Charles Schwab Corp Callable Note Cont 2/18/2024

0.75% Due 3/18/2024
1,250,000.00 4,687.50 1,254,687.50
03/21/2024 Paydown 43815GAC3 634,920.18 Honda Auto Receivables Trust 2021-4 A3

0.88% Due 1/21/2026
48,783.06 429.84 49,212.90
03/25/2024 Paydown 3137H4BY5 7,000,000.00 FHLMC K746 A2

2.031% Due 9/25/2028

0.00 11,847.50 11,847.50
03/25/2024 Paydown 3137BSRE5 2,750,000.00 FHLMC K059 A2

3.12% Due 9/25/2026

0.00 7,150.00 7,150.00
03/26/2024 Interest 57636QAR5 4,000,000.00 MasterCard Inc Callable Note 1/26/2027

3.3% Due 3/26/2027

0.00 66,000.00 66,000.00
03/30/2024 Interest 437076CV2 3,600,000.00 Home Depot Callable Note Cont 8/30/2026

4.95% Due 9/30/2026

0.00 57,420.00 57,420.00
03/30/2024 Interest 3133ENP95 4,200,000.00 FFCB Note

4.25% Due 9/30/2025

0.00 89,250.00 89,250.00
03/31/2024 Interest 912828ZF0 2,000,000.00 US Treasury Note

0.5% Due 3/31/2025

0.00 5,000.00 5,000.00
03/31/2024 Interest 91282CEF4 5,000,000.00 US Treasury Note

2.5% Due 3/31/2027

0.00 62,500.00 62,500.00
03/31/2024 Interest 91282CFM8 7,000,000.00 US Treasury Note

4.125% Due 9/30/2027

0.00 144,375.00 144,375.00
03/31/2024 Interest 91282CFN6 7,000,000.00 US Treasury Note

4.25% Due 9/30/2024

0.00 148,750.00 148,750.00
03/31/2024 Interest 91282CGT2 5,200,000.00 US Treasury Note

3.625% Due 3/31/2028

0.00 94,250.00 94,250.00
03/31/2024 Interest 91282CAM3 3,300,000.00 US Treasury Note

0.25% Due 9/30/2025

0.00 4,125.00 4,125.00
03/31/2024 Interest 9128286L9 5,000,000.00 US Treasury Note

2.25% Due 3/31/2026

0.00 56,250.00 56,250.00
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 31 Item 1E - Page 36
C.\\
Cash Flow Report
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount MAR 2024 5,364,028.77 1,370,029.01 6,734,057.78
04/01/2024 Interest 3133ELVQ4 2,600,000.00 FFCB Note

0.95% Due 4/1/2025

0.00 12,350.00 12,350.00
04/07/2024 Interest 45950VHX7 5,000,000.00 International Finance Corp Note

2.125% Due 4/7/2026

0.00 53,125.00 53,125.00
04/13/2024 Interest 023135CE4 1,500,000.00 Amazon.com Inc Note 3% Due 4/13/2025

0.00 22,500.00 22,500.00
04/15/2024 Dividend 90LAIF$00 1,347,742,609.55 Local Agency Investment Fund State Pool 0.00 147,650.43 147,650.43 04/15/2024 Interest 92826CAL6 4,000,000.00 Visa Inc Callable Note Cont 2/15/2027

1.9% Due 4/15/2027

0.00 38,000.00 38,000.00
04/15/2024 Maturity 91282CBV2 4,000,000.00 US Treasury Note

0.375% Due 4/15/2024
4,000,000.00 7,500.00 4,007,500.00
04/15/2024 Paydown 89190GAC1 456,803.70 Toyota Auto Receivables Trust 2021-B A3

0.26% Due 11/17/2025
65,251.69 70.70 65,322.39
04/21/2024 Paydown 43815GAC3 634,920.18 Honda Auto Receivables Trust 2021-4 A3

0.88% Due 1/21/2026
48,794.44 394.07 49,188.51
04/22/2024 Interest 459058JB0 2,500,000.00 Intl. Bank Recon & Development Note

0.625% Due 4/22/2025

0.00 7,812.50 7,812.50
04/22/2024 Interest 46647PBK1 3,300,000.00 JP Morgan Chase & Co Callable Note Cont 4/22/2025

2.083% Due 4/22/2026

0.00 34,369.50 34,369.50
04/23/2024 Interest 61761JVL0 3,250,000.00 Morgan Stanley Note

3.7% Due 10/23/2024

0.00 60,125.00 60,125.00
04/25/2024 Interest 06406RAX5 1,200,000.00 Bank of NY Mellon Corp Callable Note Cont 9/25/2024

0.85% Due 10/25/2024

0.00 5,100.00 5,100.00
04/25/2024 Interest 3133EPGW9 5,000,000.00 FFCB Note

3.875% Due 4/25/2028

0.00 96,875.00 96,875.00
04/25/2024 Paydown 3137H4BY5 7,000,000.00 FHLMC K746 A2

2.031% Due 9/25/2028

0.00 11,847.50 11,847.50
04/25/2024 Paydown 3137BSRE5 2,750,000.00 FHLMC K059 A2

3.12% Due 9/25/2026

0.00 7,150.00 7,150.00
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 32 Item 1E - Page 37
C.\\
Cash Flow Report
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/26/2024 Maturity 06406RAS6 1,250,000.00 Bank of NY Mellon Corp Callable Note Cont 03/26/2024

0.5% Due 4/26/2024
1,250,000.00 3,125.00 1,253,125.00
04/30/2024 Interest 9128286S4 7,000,000.00 US Treasury Note

2.375% Due 4/30/2026

0.00 83,125.00 83,125.00
04/30/2024 Interest 91282CDG3 5,000,000.00 US Treasury Note

1.125% Due 10/31/2026

0.00 28,125.00 28,125.00
04/30/2024 Interest 91282CEN7 5,000,000.00 US Treasury Note

2.75% Due 4/30/2027

0.00 68,750.00 68,750.00
04/30/2024 Interest 91282CAT8 2,750,000.00 US Treasury Note

0.25% Due 10/31/2025

0.00 3,437.50 3,437.50
APR 2024 5,364,046.13 691,432.20 6,055,478.33
05/01/2024 Interest 857477BE2 2,500,000.00 State Street Bank Callable Note 1X 11/1/2024

2.354% Due 11/1/2025

0.00 29,425.00 29,425.00
05/04/2024 Interest 06406FAC7 2,000,000.00 Bank of NY Mellon Corp Callable Note Cont 2/4/2026

2.8% Due 5/4/2026

0.00 28,000.00 28,000.00
05/08/2024 Interest 14913Q3B3 2,000,000.00 Caterpillar Finl Service Note

2.15% Due 11/8/2024

0.00 21,500.00 21,500.00
05/10/2024 Interest 665859AW4 3,000,000.00 Northern Trust Company Callable Note Cont 4/10/2027
4% Due 5/10/2027

0.00 60,000.00 60,000.00
05/11/2024 Interest 037833DT4 2,000,000.00 Apple Inc Callable Note Cont 4/11/2025

1.125% Due 5/11/2025

0.00 11,250.00 11,250.00
05/12/2024 Interest 91159HHZ6 800,000.00 US Bancorp Callable Note Cont 4/11/2025

1.45% Due 5/12/2025

0.00 5,800.00 5,800.00
05/12/2024 Maturity 023135BW5 1,250,000.00 Amazon.com Inc Note

0.45% Due 5/12/2024
1,250,000.00 2,812.50 1,252,812.50
05/13/2024 Interest 808513BR5 2,250,000.00 Charles Schwab Corp Callable Note Cont 4/13/2026

1.15% Due 5/13/2026

0.00 12,937.50 12,937.50
05/15/2024 Interest 9128283F5 6,000,000.00 US Treasury Note

2.25% Due 11/15/2027

0.00 67,500.00 67,500.00
05/15/2024 Interest 912828M56 3,000,000.00 US Treasury Note

2.25% Due 11/15/2025

0.00 33,750.00 33,750.00
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 33 Item 1E - Page 38
C.\\
Cash Flow Report
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/15/2024 Interest 912828U24 3,000,000.00 US Treasury Note 2% Due 11/15/2026

0.00 30,000.00 30,000.00
05/15/2024 Interest 912828X88 4,000,000.00 US Treasury Note

2.375% Due 5/15/2027

0.00 47,500.00 47,500.00
05/15/2024 Interest 91282CDH1 3,000,000.00 US Treasury Note

0.75% Due 11/15/2024

0.00 11,250.00 11,250.00
05/15/2024 Maturity 149123CC3 1,250,000.00 Caterpillar Inc. Callable Note Cont 2/15/2024

3.4% Due 5/15/2024
1,250,000.00 21,250.00 1,271,250.00
05/15/2024 Paydown 89190GAC1 456,803.70 Toyota Auto Receivables Trust 2021-B A3

0.26% Due 11/17/2025
65,257.67 56.56 65,314.23
05/18/2024 Interest 22160KAM7 2,000,000.00 Costco Wholesale Corp Callable Note Cont 2/18/2027
3% Due 5/18/2027

0.00 30,000.00 30,000.00
05/18/2024 Interest 3133ENZ94 5,000,000.00 FFCB Note

4.5% Due 11/18/2024

0.00 112,500.00 112,500.00
05/21/2024 Paydown 43815GAC3 634,920.18 Honda Auto Receivables Trust 2021-4 A3

0.88% Due 1/21/2026
48,805.82 358.29 49,164.11
05/25/2024 Paydown 3137BSRE5 2,750,000.00 FHLMC K059 A2

3.12% Due 9/25/2026

0.00 7,150.00 7,150.00
05/25/2024 Paydown 3137H4BY5 7,000,000.00 FHLMC K746 A2

2.031% Due 9/25/2028

0.00 11,847.50 11,847.50
05/31/2024 Interest 91282CHE4 7,000,000.00 US Treasury Note

3.625% Due 5/31/2028

0.00 126,875.00 126,875.00
MAY 2024 2,614,063.49 671,762.35 3,285,825.84
06/01/2024 Interest 69353REQ7 2,500,000.00 PNC Bank Callable Note Cont 5/2/2025

3.25% Due 6/1/2025

0.00 40,625.00 40,625.00
06/06/2024 Interest 07330NAT2 3,000,000.00 Truist Financial Corporation Callable Note 11/05/2024

2.15% Due 12/6/2024

0.00 32,250.00 32,250.00
06/07/2024 Maturity 24422EVQ9 1,250,000.00 John Deere Capital Corp Note

0.45% Due 6/7/2024
1,250,000.00 2,812.50 1,252,812.50
06/08/2024 Interest 3130AXQK7 7,100,000.00 Federal Home Loan Banks Note

4.75% Due 12/8/2028

0.00 201,413.19 201,413.19
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 34 Item 1E - Page 39
C.\\
Cash Flow Report
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/10/2024 Interest 3130ATUS4 6,000,000.00 FHLB Note

4.25% Due 12/10/2027

0.00 127,500.00 127,500.00
06/12/2024 Interest 3130ATUC9 4,000,000.00 FHLB Note

4.5% Due 12/12/2025

0.00 90,000.00 90,000.00
06/12/2024 Interest 3130AWLZ1 5,250,000.00 FHLB Note

4.75% Due 6/12/2026

0.00 124,687.50 124,687.50
06/13/2024 Interest 3130ATUR6 5,000,000.00 FHLB Note

4.625% Due 12/13/2024

0.00 115,625.00 115,625.00
06/14/2024 Maturity 06051GJY6 3,050,000.00 Bank of America Corp Callable Note Cont 6/14/2023

5.72% Due 6/14/2024
3,050,000.00 44,662.17 3,094,662.17
06/15/2024 Interest 717081EA7 4,000,000.00 Pfizer Inc. Note 3% Due 12/15/2026

0.00 60,000.00 60,000.00
06/15/2024 Maturity 91282CCG4 1,250,000.00 US Treasury Note

0.25% Due 6/15/2024
1,250,000.00 1,562.50 1,251,562.50
06/15/2024 Paydown 89190GAC1 456,803.70 Toyota Auto Receivables Trust 2021-B A3

0.26% Due 11/17/2025
65,263.65 42.43 65,306.08
06/17/2024 Interest 3135G04Z3 3,200,000.00 FNMA Note

0.5% Due 6/17/2025

0.00 8,000.00 8,000.00
06/20/2024 Interest 3130AQF40 3,000,000.00 FHLB Note
1% Due 12/20/2024

0.00 15,000.00 15,000.00
06/21/2024 Interest 3133EPNH4 7,000,000.00 FFCB Note

3.875% Due 6/21/2028

0.00 135,625.00 135,625.00
06/21/2024 Paydown 43815GAC3 634,920.18 Honda Auto Receivables Trust 2021-4 A3

0.88% Due 1/21/2026
48,817.22 322.49 49,139.71
06/25/2024 Paydown 3137H4BY5 7,000,000.00 FHLMC K746 A2

2.031% Due 9/25/2028

0.00 11,847.50 11,847.50
06/25/2024 Paydown 3137BSRE5 2,750,000.00 FHLMC K059 A2

3.12% Due 9/25/2026

0.00 7,150.00 7,150.00
JUN 2024 5,664,080.87 1,019,125.28 6,683,206.15
07/01/2024 Maturity 4581X0EE4 5,000,000.00 Inter-American Dev Bank Note

3.25% Due 7/1/2024
5,000,000.00 81,250.00 5,081,250.00
07/06/2024 Interest 3133ENKS8 3,000,000.00 FFCB Note

1.125% Due 1/6/2025

0.00 16,875.00 16,875.00
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 35 Item 1E - Page 40
C.\\
Cash Flow Report
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/07/2024 Interest 3135G0X24 3,100,000.00 FNMA Note

1.625% Due 1/7/2025

0.00 25,187.50 25,187.50
07/15/2024 Interest 87612EBM7 3,250,000.00 Target Corp Callable Note Cont 12/15/2026

1.95% Due 1/15/2027

0.00 31,687.50 31,687.50
07/15/2024 Maturity 79466LAG9 2,000,000.00 Salesforce.com Inc Callable Note Cont 7/15/2022

0.625% Due 7/15/2024
2,000,000.00 6,250.00 2,006,250.00
07/15/2024 Paydown 89190GAC1 456,803.70 Toyota Auto Receivables Trust 2021-B A3

0.26% Due 11/17/2025
65,269.64 28.28 65,297.92
07/21/2024 Paydown 43815GAC3 634,920.18 Honda Auto Receivables Trust 2021-4 A3

0.88% Due 1/21/2026
48,828.60 286.70 49,115.30
07/22/2024 Interest 91159HHN3 2,000,000.00 US Bancorp Callable Note Cont 6/22/2026

2.375% Due 7/22/2026

0.00 23,750.00 23,750.00
07/25/2024 Paydown 3137BSRE5 2,750,000.00 FHLMC K059 A2

3.12% Due 9/25/2026

0.00 7,150.00 7,150.00
07/25/2024 Paydown 3137H4BY5 7,000,000.00 FHLMC K746 A2

2.031% Due 9/25/2028

0.00 11,847.50 11,847.50
07/27/2024 Interest 3133EMNW8 2,000,000.00 FFCB Callable Note Cont 1/27/2023

0.7% Due 1/27/2027

0.00 7,000.00 7,000.00
07/28/2024 Interest 3133EPRS6 5,250,000.00 FFCB Note

4.875% Due 7/28/2025

0.00 127,968.75 127,968.75
07/30/2024 Maturity 91159HHX1 1,250,000.00 US Bancorp Callable Note Cont 6/28/2024

2.4% Due 7/30/2024
1,250,000.00 15,000.00 1,265,000.00
07/31/2024 Interest 912828Y95 5,000,000.00 US Treasury Note

1.875% Due 7/31/2026

0.00 46,875.00 46,875.00
07/31/2024 Interest 91282CBH3 2,800,000.00 US Treasury Note

0.375% Due 1/31/2026

0.00 5,250.00 5,250.00
07/31/2024 Interest 91282CGH8 6,900,000.00 US Treasury Note

3.5% Due 1/31/2028

0.00 120,750.00 120,750.00
07/31/2024 Interest 91282CAB7 2,800,000.00 US Treasury Note

0.25% Due 7/31/2025

0.00 3,500.00 3,500.00
07/31/2024 Interest 91282CFB2 5,000,000.00 US Treasury Note

2.75% Due 7/31/2027

0.00 68,750.00 68,750.00
JUL 2024 8,364,098.24 599,406.23 8,963,504.47
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 36 Item 1E - Page 41
C.\\
Cash Flow Report
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/01/2024 Interest 742718FV6 2,550,000.00 Procter & Gamble Co Note

1.9% Due 2/1/2027

0.00 24,225.00 24,225.00
08/06/2024 Interest 594918BY9 3,000,000.00 Microsoft Callable Note Cont 11/06/2026

3.3% Due 2/6/2027

0.00 49,500.00 49,500.00
08/07/2024 Interest 857477BS1 1,500,000.00 State Street Bank Callable Note Cont 2/7/2027

2.203% Due 2/7/2028

0.00 16,522.51 16,522.51
08/11/2024 Interest 69371RR99 3,000,000.00 Paccar Financial Corp Note

3.55% Due 8/11/2025

0.00 53,250.00 53,250.00
08/14/2024 Interest 3133EPAV7 6,000,000.00 FFCB Note

3.875% Due 2/14/2028

0.00 116,250.00 116,250.00
08/15/2024 Interest 9128282A7 3,100,000.00 US Treasury Note

1.5% Due 8/15/2026

0.00 23,250.00 23,250.00
08/15/2024 Interest 9128284V9 5,250,000.00 US Treasury Note

2.875% Due 8/15/2028

0.00 75,468.75 75,468.75
08/15/2024 Interest 9128282R0 7,000,000.00 US Treasury Note

2.25% Due 8/15/2027

0.00 78,750.00 78,750.00
08/15/2024 Interest 912828P46 6,000,000.00 US Treasury Note

1.625% Due 2/15/2026

0.00 48,750.00 48,750.00
08/15/2024 Interest 912828V98 3,700,000.00 US Treasury Note

2.25% Due 2/15/2027

0.00 41,625.00 41,625.00
08/15/2024 Interest 91282CDZ1 3,000,000.00 US Treasury Note

1.5% Due 2/15/2025

0.00 22,500.00 22,500.00
08/15/2024 Maturity 3133ENG20 5,000,000.00 FFCB Note

3.3% Due 8/15/2024
5,000,000.00 82,500.00 5,082,500.00
08/15/2024 Paydown 89190GAC1 456,803.70 Toyota Auto Receivables Trust 2021-B A3

0.26% Due 11/17/2025
65,275.62 14.14 65,289.76
08/20/2024 Interest 3130ANMH0 2,000,000.00 FHLB Callable Note Mnthly 9/20/2021

1.1% Due 8/20/2026

0.00 11,000.00 11,000.00
08/21/2024 Paydown 43815GAC3 634,920.18 Honda Auto Receivables Trust 2021-4 A3

0.88% Due 1/21/2026
48,839.99 250.89 49,090.88
08/23/2024 Interest 3133EPBM6 3,800,000.00 FFCB Note

4.125% Due 8/23/2027

0.00 78,375.00 78,375.00
08/24/2024 Interest 58933YAY1 4,000,000.00 Merck & Co Callable Note Cont 1/24/2026

0.75% Due 2/24/2026

0.00 15,000.00 15,000.00
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 37 Item 1E - Page 42
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Cash Flow Report
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/25/2024 Paydown 3137BSRE5 2,750,000.00 FHLMC K059 A2

3.12% Due 9/25/2026

0.00 7,150.00 7,150.00
08/25/2024 Paydown 3137H4BY5 7,000,000.00 FHLMC K746 A2

2.031% Due 9/25/2028

0.00 11,847.50 11,847.50
08/26/2024 Interest 3130AL5A8 5,000,000.00 FHLB Callable Note Qtrly 11/26/2026

0.9% Due 2/26/2027

0.00 22,500.00 22,500.00
08/27/2024 Maturity 05552JAA7 2,000,000.00 PNC Bank Callable Note Cont 7/27/2024

2.5% Due 8/27/2024
2,000,000.00 25,000.00 2,025,000.00
08/31/2024 Interest 91282CAJ0 2,750,000.00 US Treasury Note

0.25% Due 8/31/2025

0.00 3,437.50 3,437.50
AUG 2024 7,114,115.61 807,166.29 7,921,281.90
09/05/2024 Interest 3130ALHH0 3,000,000.00 FHLB Callable Note Mnthly 4/5/2022

0.96% Due 3/5/2026

0.00 14,400.00 14,400.00
09/08/2024 Interest 3130AWTR1 5,000,000.00 FHLB Note

4.375% Due 9/8/2028

0.00 109,375.00 109,375.00
09/09/2024 Interest 3133EPCR4 5,000,000.00 FFCB Note

4.75% Due 3/9/2026

0.00 118,750.00 118,750.00
09/10/2024 Interest 3130ATS57 6,000,000.00 FHLB Note

4.5% Due 3/10/2028

0.00 135,000.00 135,000.00
09/12/2024 Interest 037833DB3 2,000,000.00 Apple Inc Callable Note Cont 6/12/2027

2.9% Due 9/12/2027

0.00 29,000.00 29,000.00
09/14/2024 Interest 24422EVB2 2,500,000.00 John Deere Capital Corp Note

2.25% Due 9/14/2026

0.00 28,125.00 28,125.00
09/15/2024 Interest 437076CR1 925,000.00 Home Depot Callable Note Cont 8/15/2025 4% Due 9/15/2025

0.00 18,500.00 18,500.00
09/15/2024 Interest 91282CED9 4,000,000.00 US Treasury Note

1.75% Due 3/15/2025

0.00 35,000.00 35,000.00
09/21/2024 Paydown 43815GAC3 634,920.18 Honda Auto Receivables Trust 2021-4 A3

0.88% Due 1/21/2026
48,851.39 215.07 49,066.46
09/25/2024 Paydown 3137BSRE5 2,750,000.00 FHLMC K059 A2

3.12% Due 9/25/2026

0.00 7,150.00 7,150.00
09/25/2024 Paydown 3137H4BY5 7,000,000.00 FHLMC K746 A2

2.031% Due 9/25/2028

0.00 11,847.50 11,847.50
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 38 Item 1E - Page 43
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Cash Flow Report
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/26/2024 Interest 57636QAR5 4,000,000.00 MasterCard Inc Callable Note 1/26/2027

3.3% Due 3/26/2027

0.00 66,000.00 66,000.00
09/30/2024 Interest 9128286L9 5,000,000.00 US Treasury Note

2.25% Due 3/31/2026

0.00 56,250.00 56,250.00
09/30/2024 Interest 912828ZF0 2,000,000.00 US Treasury Note

0.5% Due 3/31/2025

0.00 5,000.00 5,000.00
09/30/2024 Interest 91282CEF4 5,000,000.00 US Treasury Note

2.5% Due 3/31/2027

0.00 62,500.00 62,500.00
09/30/2024 Interest 3133ENP95 4,200,000.00 FFCB Note

4.25% Due 9/30/2025

0.00 89,250.00 89,250.00
09/30/2024 Interest 91282CFM8 7,000,000.00 US Treasury Note

4.125% Due 9/30/2027

0.00 144,375.00 144,375.00
09/30/2024 Interest 437076CV2 3,600,000.00 Home Depot Callable Note Cont 8/30/2026

4.95% Due 9/30/2026

0.00 89,100.00 89,100.00
09/30/2024 Interest 91282CAM3 3,300,000.00 US Treasury Note

0.25% Due 9/30/2025

0.00 4,125.00 4,125.00
09/30/2024 Interest 91282CGT2 5,200,000.00 US Treasury Note

3.625% Due 3/31/2028

0.00 94,250.00 94,250.00
09/30/2024 Maturity 91282CFN6 7,000,000.00 US Treasury Note

4.25% Due 9/30/2024
7,000,000.00 148,750.00 7,148,750.00
SEP 2024 7,048,851.39 1,266,962.57 8,315,813.96
10/01/2024 Interest 3133ELVQ4 2,600,000.00 FFCB Note

0.95% Due 4/1/2025

0.00 12,350.00 12,350.00
10/07/2024 Interest 45950VHX7 5,000,000.00 International Finance Corp Note

2.125% Due 4/7/2026

0.00 53,125.00 53,125.00
10/13/2024 Interest 023135CE4 1,500,000.00 Amazon.com Inc Note 3% Due 4/13/2025

0.00 22,500.00 22,500.00
10/15/2024 Interest 92826CAL6 4,000,000.00 Visa Inc Callable Note Cont 2/15/2027

1.9% Due 4/15/2027

0.00 38,000.00 38,000.00
10/21/2024 Paydown 43815GAC3 634,920.18 Honda Auto Receivables Trust 2021-4 A3

0.88% Due 1/21/2026
48,862.79 179.25 49,042.04
10/22/2024 Interest 459058JB0 2,500,000.00 Intl. Bank Recon & Development Note

0.625% Due 4/22/2025

0.00 7,812.50 7,812.50
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 39 Item 1E - Page 44
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Cash Flow Report
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/22/2024 Interest 46647PBK1 3,300,000.00 JP Morgan Chase & Co Callable Note Cont 4/22/2025

2.083% Due 4/22/2026

0.00 34,369.50 34,369.50
10/23/2024 Maturity 61761JVL0 3,250,000.00 Morgan Stanley Note

3.7% Due 10/23/2024
3,250,000.00 60,125.00 3,310,125.00
10/25/2024 Interest 3133EPGW9 5,000,000.00 FFCB Note

3.875% Due 4/25/2028

0.00 96,875.00 96,875.00
10/25/2024 Maturity 06406RAX5 1,200,000.00 Bank of NY Mellon Corp Callable Note Cont 9/25/2024

0.85% Due 10/25/2024
1,200,000.00 5,100.00 1,205,100.00
10/25/2024 Paydown 3137BSRE5 2,750,000.00 FHLMC K059 A2

3.12% Due 9/25/2026

0.00 7,150.00 7,150.00
10/25/2024 Paydown 3137H4BY5 7,000,000.00 FHLMC K746 A2

2.031% Due 9/25/2028

0.00 11,847.50 11,847.50
10/31/2024 Interest 91282CDG3 5,000,000.00 US Treasury Note

1.125% Due 10/31/2026

0.00 28,125.00 28,125.00
10/31/2024 Interest 91282CEN7 5,000,000.00 US Treasury Note

2.75% Due 4/30/2027

0.00 68,750.00 68,750.00
10/31/2024 Interest 9128286S4 7,000,000.00 US Treasury Note

2.375% Due 4/30/2026

0.00 83,125.00 83,125.00
10/31/2024 Interest 91282CAT8 2,750,000.00 US Treasury Note

0.25% Due 10/31/2025

0.00 3,437.50 3,437.50
OCT 2024 4,498,862.79 532,871.25 5,031,734.04
11/01/2024 Interest 857477BE2 2,500,000.00 State Street Bank Callable Note 1X 11/1/2024

2.354% Due 11/1/2025

0.00 29,425.00 29,425.00
11/04/2024 Interest 06406FAC7 2,000,000.00 Bank of NY Mellon Corp Callable Note Cont 2/4/2026

2.8% Due 5/4/2026

0.00 28,000.00 28,000.00
11/08/2024 Maturity 14913Q3B3 2,000,000.00 Caterpillar Finl Service Note

2.15% Due 11/8/2024
2,000,000.00 21,500.00 2,021,500.00
11/10/2024 Interest 665859AW4 3,000,000.00 Northern Trust Company Callable Note Cont 4/10/2027
4% Due 5/10/2027

0.00 60,000.00 60,000.00
11/11/2024 Interest 037833DT4 2,000,000.00 Apple Inc Callable Note Cont 4/11/2025

1.125% Due 5/11/2025

0.00 11,250.00 11,250.00
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 40 Item 1E - Page 45
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Cash Flow Report
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/12/2024 Interest 91159HHZ6 800,000.00 US Bancorp Callable Note Cont 4/11/2025

1.45% Due 5/12/2025

0.00 5,800.00 5,800.00
11/13/2024 Interest 808513BR5 2,250,000.00 Charles Schwab Corp Callable Note Cont 4/13/2026

1.15% Due 5/13/2026

0.00 12,937.50 12,937.50
11/15/2024 Interest 912828M56 3,000,000.00 US Treasury Note

2.25% Due 11/15/2025

0.00 33,750.00 33,750.00
11/15/2024 Interest 912828U24 3,000,000.00 US Treasury Note 2% Due 11/15/2026

0.00 30,000.00 30,000.00
11/15/2024 Interest 9128283F5 6,000,000.00 US Treasury Note

2.25% Due 11/15/2027

0.00 67,500.00 67,500.00
11/15/2024 Interest 912828X88 4,000,000.00 US Treasury Note

2.375% Due 5/15/2027

0.00 47,500.00 47,500.00
11/15/2024 Maturity 91282CDH1 3,000,000.00 US Treasury Note

0.75% Due 11/15/2024
3,000,000.00 11,250.00 3,011,250.00
11/18/2024 Interest 22160KAM7 2,000,000.00 Costco Wholesale Corp Callable Note Cont 2/18/2027
3% Due 5/18/2027

0.00 30,000.00 30,000.00
11/18/2024 Maturity 3133ENZ94 5,000,000.00 FFCB Note

4.5% Due 11/18/2024
5,000,000.00 112,500.00 5,112,500.00
11/21/2024 Paydown 43815GAC3 634,920.18 Honda Auto Receivables Trust 2021-4 A3

0.88% Due 1/21/2026
48,874.20 143.41 49,017.61
11/25/2024 Paydown 3137H4BY5 7,000,000.00 FHLMC K746 A2

2.031% Due 9/25/2028

0.00 11,847.50 11,847.50
11/25/2024 Paydown 3137BSRE5 2,750,000.00 FHLMC K059 A2

3.12% Due 9/25/2026

0.00 7,150.00 7,150.00
11/30/2024 Interest 91282CHE4 7,000,000.00 US Treasury Note

3.625% Due 5/31/2028

0.00 126,875.00 126,875.00
NOV 2024 10,048,874.20 647,428.41 10,696,302.61
12/01/2024 Interest 69353REQ7 2,500,000.00 PNC Bank Callable Note Cont 5/2/2025

3.25% Due 6/1/2025

0.00 40,625.00 40,625.00
12/06/2024 Maturity 07330NAT2 3,000,000.00 Truist Financial Corporation Callable Note 11/05/2024

2.15% Due 12/6/2024
3,000,000.00 32,250.00 3,032,250.00
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 41 Item 1E - Page 46
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Cash Flow Report
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/08/2024 Interest 3130AXQK7 7,100,000.00 Federal Home Loan Banks Note

4.75% Due 12/8/2028

0.00 168,625.00 168,625.00
12/10/2024 Interest 3130ATUS4 6,000,000.00 FHLB Note

4.25% Due 12/10/2027

0.00 127,500.00 127,500.00
12/12/2024 Interest 3130ATUC9 4,000,000.00 FHLB Note

4.5% Due 12/12/2025

0.00 90,000.00 90,000.00
12/12/2024 Interest 3130AWLZ1 5,250,000.00 FHLB Note

4.75% Due 6/12/2026

0.00 124,687.50 124,687.50
12/13/2024 Maturity 3130ATUR6 5,000,000.00 FHLB Note

4.625% Due 12/13/2024
5,000,000.00 115,625.00 5,115,625.00
12/15/2024 Interest 717081EA7 4,000,000.00 Pfizer Inc. Note 3% Due 12/15/2026

0.00 60,000.00 60,000.00
12/17/2024 Interest 3135G04Z3 3,200,000.00 FNMA Note

0.5% Due 6/17/2025

0.00 8,000.00 8,000.00
12/20/2024 Maturity 3130AQF40 3,000,000.00 FHLB Note
1% Due 12/20/2024
3,000,000.00 15,000.00 3,015,000.00
12/21/2024 Interest 3133EPNH4 7,000,000.00 FFCB Note

3.875% Due 6/21/2028

0.00 135,625.00 135,625.00
12/21/2024 Paydown 43815GAC3 634,920.18 Honda Auto Receivables Trust 2021-4 A3

0.88% Due 1/21/2026
48,885.60 107.57 48,993.17
12/25/2024 Paydown 3137BSRE5 2,750,000.00 FHLMC K059 A2

3.12% Due 9/25/2026

0.00 7,150.00 7,150.00
12/25/2024 Paydown 3137H4BY5 7,000,000.00 FHLMC K746 A2

2.031% Due 9/25/2028

0.00 11,847.50 11,847.50
DEC 2024 11,048,885.60 937,042.57 11,985,928.17
01/06/2025 Maturity 3133ENKS8 3,000,000.00 FFCB Note

1.125% Due 1/6/2025
3,000,000.00 16,875.00 3,016,875.00
01/07/2025 Maturity 3135G0X24 3,100,000.00 FNMA Note

1.625% Due 1/7/2025
3,100,000.00 25,187.50 3,125,187.50
01/15/2025 Interest 87612EBM7 3,250,000.00 Target Corp Callable Note Cont 12/15/2026

1.95% Due 1/15/2027

0.00 31,687.50 31,687.50
01/21/2025 Paydown 43815GAC3 634,920.18 Honda Auto Receivables Trust 2021-4 A3

0.88% Due 1/21/2026
48,897.01 71.72 48,968.73
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 42 Item 1E - Page 47
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Cash Flow Report
As of January 31, 2024
City of Palm Springs Consolidated
Account #10807
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/22/2025 Interest 91159HHN3 2,000,000.00 US Bancorp Callable Note Cont 6/22/2026

2.375% Due 7/22/2026

0.00 23,750.00 23,750.00
01/25/2025 Paydown 3137BSRE5 2,750,000.00 FHLMC K059 A2

3.12% Due 9/25/2026

0.00 7,150.00 7,150.00
01/25/2025 Paydown 3137H4BY5 7,000,000.00 FHLMC K746 A2

2.031% Due 9/25/2028

0.00 11,847.50 11,847.50
01/27/2025 Interest 3133EMNW8 2,000,000.00 FFCB Callable Note Cont 1/27/2023

0.7% Due 1/27/2027

0.00 7,000.00 7,000.00
01/28/2025 Interest 3133EPRS6 5,250,000.00 FFCB Note

4.875% Due 7/28/2025

0.00 127,968.75 127,968.75
JAN 2025 6,148,897.01 251,537.97 6,400,434.98
TOTAL 76,592,815.50 9,623,227.47 86,216,042.97
Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 43 Item 1E - Page 48
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Important Disclosures
City of Palm Springs Consolidated
Account #10807
Chandler Asset Management, Inc. ;͞Chandler͟Ϳis an SEC registered investment adviser. For additional information about our firm, please see our current disclosures (Form ADV). To obtain a copy of our current disclosures, you may contact your client service representative by calling the number on the front of this statement or you may visit our website at www.chandlerasset.com.

Information contained in this monthly statement is confidential and is provided for informational purposes only and should not be construed as specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of this statement, but may become outdated or superseded at any time without notice.

Custody: 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.

Valuation: Prices are provided by IDC, an independent pricing source. In the event IDC 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: Performance results are presented gross-of-advisory fees and represent the client͛s 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.

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 IS AT LICENSEE'S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND CHANDLER, OR ANY OF ITS PRODUCTS OR SERVICES.

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.

Ratings: Ratings information have been provided by Moody͛s, 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 ;͞MBS͟Ϳreflect 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, Moody͛s and Fitch respectively.

Execution Time: 2/22/2024 11:34:29 AMChandler Asset Management - CONFIDENTIAL Page 44 Item 1E - Page 49
C.\\

ATTACHMENT B

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CITY OF PALM SPRINGS
2023-2024

INVESTMENT POLICY
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2 1.0 Purpose:

The purpose of this Investment Policy (Policy) is to set forth the investment and operational guidelines for the management and investment of the public funds of the City of Palm Springs, California. The Policy requires adoption by, and can only be changed by, a majority vote of the City Council.

The Policy is designed to ensure the prudent management of public funds, the availability of operating and capital funds when needed, and an investment total return that is comparable to established benchmarks, as appropriate.

A copy of this statement will be provided to all investment dealers and investment managers doing business with the City of Palm Springs, and will be provided to other interested parties on request. Receipt of this policy, including confirmation that it has been reviewed by individuals working directly with the City’s investment account will be received prior to any organization providing investment services to the City of Palm Springs.

2.0 Policy:

The investment Policy and practices of the City of Palm Springs are based upon state law and prudent money management consistent with City policies. The primary goals of these practices are:

A. To ensure compliance with all Federal, State, and local laws governing the investment of public funds under the control of the Director of Finance/Treasurer.

B. To protect the principal of monies entrusted to the City’s Finance Department.

C. Achieve a reasonable rate of return within the parameters of prudent risk management while minimizing the potential for capital losses arising from market changes or issuer default.

3.0 Scope:

This Investment Policy applies to all financial assets of the City of Palm Springs. These funds are accounted for in the City’s Comprehensive Annual Financial Report.

The Director of Finance/Treasurer is responsible for investing the unexpended cash in the City Treasury for all funds, except for the employee’s retirement funds or deferred compensation accounts, which are administered separately, and those funds which ar e managed separately by trustees appointed under indenture agreements.

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3 These funds include, but are not limited to:
• General Fund
• Special Revenue Funds
• Capital Project Funds
• Debt Service Fund
• Enterprise Funds
• Internal Service Funds
• Trust and Agency Funds
• Bond Proceeds
• Any new fund created by the legislative body, unless specifically exempted This Investment Policy applies to all transactions involving the financial assets and related activity of the foregoing funds.

4.0 Prudence:

The standard of prudence to be used by the Director of Finance/Treasurer shall be the “prudent investor standard.” This shall be applied in the context of managing an overall portfolio. The “prudent investor standard” shall be applied to the City, pursuant to California Government Code Section 53600.3 which provides, in pertinent part:
“ … all governing bodies of local agencies or persons authorized to make investment decisions on behalf of those local agencies investing public funds pursuant to this chapter are trustees and therefore fiduciaries subject to the prudent investor standard. When investing, reinvesting, purchasing, acquiring, exchanging, selling, or managing public funds, a trustee shall act with care, skill, prudence, and diligence under the circumstances then prevailing, including, but not limited to, the genera l economic conditions and the anticipated needs of the agency, that a prudent person acting in a like capacity and familiarity with those matters would use in the conduct of funds of a like character and with like aims, to safeguard the principal and maintain the liquidity needs of the agency.…”

4.1 Personal Responsibility:

The Director of Finance/Treasurer, as the investment officer acting in accordance with written procedures and the Investment Policy and exercising due diligence, shall be relieved of personal responsibility for an individual security’s credit risk or market price changes, provided deviations from expectations are reported to the City Council in a timely fashion and appropriate action is taken to control adverse developments.

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4 5.0 Objective:

Consistent with this aim, investments are made under the terms and conditions of California Government Code Section 53600, et seq. Criteria for selecting investments and the absolute order of priority are:

Safety
Safety of principal is the foremost objective of the investment program. Investments of the City of Palm Springs shall be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio. To attain this objective, diversification is required in order that potential losses on individual securities do not exceed the income generated from the remainder of the portfolio.

Liquidity
The City of Palm Springs’s investment portfolio will remain sufficiently liquid to enable the City to meet all operating requirements which might be reasonably anticipated and to maintain compliance with any indenture agreement, as applicable. Liquidity is essential to the safety of principal.

Return on Investments
The City of Palm Springs’s investment portfolio shall be designed with the objective of attaining a market -average rate of return throughout budgetary and economic cycles (market interest rates), within the City’s Investment Policy’s risk parameters and the City’s cash flow needs. See also Section 16.1.

6.0 Delegation of Authority:

The Director of Finance/Treasurer shall be responsible for all transactions undertaken and shall establish a system of controls to regulate the activities of subordinate officials. The responsibility for the day-to-day investment of City funds may be delegated to other Department of Finance staff members as determined by the Director of Finance/Treasurer.

Procedures should include references to: ACH/wire transfer agreements, and c
ollateral/depository agreements, as appropriate. Such procedures shall include explicit delegation of authority to persons responsible for investment transactions. No person may engage in an investment transaction except as provided under the terms of this policy and the procedures established by the Director of Finance/Treasurer. The Director of Finance/Treasurer shall be responsible for all transactions undertaken and shall establish a system of controls to regulate the activities of subordinate officials. Under the provisions of California Government Code 53600.3, the Director of Finance/Treasurer is a trustee Item 1E - Page 54

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5 and a fiduciary subject to the prudent investor standard.

The City may engage the services of one or more external investment managers to assist in the management of the City’s investment portfolio in a manner consistent with the City’s Investment Policy and objectives. Such external managers may be granted discretion to purchase and sell investment securities in accordance with this Investment Policy. Such managers must be registered under the Investment Advisers Act of 1940.

7.0 Ethics and Conflicts of Interest:

Consistent with state statutes and regulations and the City’s local policies relating to conflicts of interest, all persons involved in the investment process shall refrain from personal business activity that could conflict with proper execution of the investment program, or which could impair their ability to make impartial investment decisions.

Employees and investment officers are required to file annual disclosure statements as required for “public officials who manage public investments” [as defined and required by the Political Reform Act and related regulations, including Government Code Sections 81000, et seq., and the rules, regulations and guidelines promulgated by California’s Fair Political Practices Commission (FPPC)].

8.0 Authorized Financial Dealers and Institutions:

The City’s Director of Finance/Treasurer will maintain a list of the financial institutions and brokers/dealers authorized to provide investment and depository services and will perform an annual review of the financial condition and registrations of qualified bidders and require annual audited financial statements to be on file for each company. The City shall annually send a copy of the current Investment Policy to all financial institutions and brokers/dealers approved to do business with the City.

If the City uses an external investment adviser, the adviser is authorized to enter into transactions with its own approved Broker -Dealer list on behalf of the City. The adviser shall perform all due diligence for all brokers/dealers on its approved list. The external investment adviser shall annually provide the City its approved Broker-Dealer list so that the Director of Finance/Treasurer may conduct their own review.

As far as possible, all money belonging to, or in the custody of, a local agency, including m
oney paid to the City’s Director of Finance/Treasurer or other official to pay the principal, interest, or penalties of bonds, shall be deposited for safekeeping in state or national banks, savings associations, federal associations, credit unions, or federally insured industrial loan companies in this state selected by the City’s Director of Finance/Treasurer; or may be invested in the investments set forth in Section 9.0. To be eligible to receive local agency money, a bank, savings association, federal association, or federally insured industrial loan company shall have received an overall rating of not Item 1E - Page 55

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6 less than “satisfactory” in its most recent evaluation by the appropriate federal financial supervisory agency of its record of meeting the credit needs of California’s communities, including low- and moderate-income neighborhoods.

To provide for the optimum yield in the investment of City funds, the City’s investment procedures shall encourage competitive bidding on transactions from approved brokers/dealers. In order to be approved by the City, the dealer must meet the following criteria: (i) the dealer must be a “primary” dealer or regional dealer that qualifies under Securities and Exchange Commission Rule 15C3- 1 (Uniform Net Capital Rule); (ii) the dealer’s institution must have an office in California; (iii) the dealer must be experienced in institutional trading practices and familiar with the California Government Code as related to investments appropriate for the City; and (iv) all other applicable criteria, as may be established in the investment procedures. All brokers/dealers and financial institutions who desire to become qualified bidders for investment transactions must submit a “Broker/Dealer Application” and related documents relative to eligibility including a current audited annual financial statement, U4 form for the broker, proof of state registration and proof of National Association of Securities Dealers certification. The City’s Director of Finance/Treasurer shall have also have received a signed Certification from the firm of having read and understood the City’s Investment Policy and agreeing to comply with the Investment Policy. The City’s Director of Finance/Treasurer shall determine if they are adequately capitalized (i.e. qualifies under SEC Rule 15C3- 1, Uniform Net Capital Rule and five years of operation). If the City uses an external investment advisor, the investment adviser will use the firm’s best execution procedures, and must retain documentation of competitive pricing execution on each transaction and provide such documentation to the Director of Finance/Treasurer upon request.

9.0 Cash and Investment Instruments:

City active and inactive deposits may be kept in checking accounts and savings accounts at financial institutions as identified in California State Government Code Section 53648 provided that they are adequately secured with proper collateral as prescribed by Government Code Sections 53656 and/or 53658. Funds may be automatically swept from the above accounts into investment instruments provided those investment instruments are allowable investments as listed in this section, and limited to the percentage of the portfolio prescribed for each investment instrument.

Allowable investments for the portfolio of the City of Palm Springs are limited by California S
tate Government Code Sections 53601 et seq.; and Section 53635. They are further restricted by the Director of Finance/Treasurer’s investment strategy. Limitations on percentage of portfolio, single issue or issuer, credit quality, diversification, and maturity apply at the time of purchase. Purchased securities may not exceed five-year maturities.

Exceptions can only be approved by the City Council. The investment instruments and Item 1E - Page 56

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7 percentage of the portfolio permitted by this policy are described below. Investments not specifically listed below are deemed inappropriate and prohibited.

OBLIGATIONS OF THE UNITED STATES TREASURY
United States Treasury notes, bonds, bills, or certificates of indebtedness, or those for which the faith and credit of the United States are pledged for the payment of principal and interest.
• Maximum Maturity: 5 Years
• Maximum Percentage of Portfolio: 100%

BONDS ISSUED BY THE CITY OR ANY LOCAL AGENCY WITHIN THE STATE OF

CALIFORNIA OR THE STATE OF CALIFORNIA
Registered California warrants, treasury notes or bonds of this state, including bonds payable solely out of the revenues from a revenue-producing property owned, controlled or operated by the state or by a department, board, agency, or authority of the state.

Bonds, notes, warrants or other evidences of indebtedness of any local agency within California including bonds payable solely out of the revenues from a revenue- producing property owned, controlled, or operated by the local agency, or by a department, board, agency, or authority of the local agency. Investments under this section must be rated “A” or better by a nationally recognized rating service.
• Maximum Percentage of Portfolio: 15%
• Maximum Exposure: 5% per Issuer.

FEDERAL AGENCIES
Obligations issued by banks for cooperatives, federal land banks, federal intermediate credit banks, federal home loan banks, the Federal Home Loan Bank Board, Federal Home Loan Mortgage Corporation, Federal Home Loan Bank, Federal Farm Credit Bank, the Tennessee Valley Authority, or in obligations, participations, or other instruments of, or issued by, or fully guaranteed as to principal and interest by, the Federal National Mortgage Association; or in guaranteed portions of Small Business Administration notes; or in obligations, participations, or other instruments of, or issued by, a federal agency or United States government-sponsored enterprise.
• Maximum Maturity: 5 Years
• Maximum Percentage of Portfolio: 60%
BANKERS’ ACCEPTANCES
Bills of exchange or time drafts drawn on and accepted by a commercial bank, typically Item 1E - Page 57

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8 created from a letter of credit issued in a foreign trade transaction. Eligibility is limited to U.S. banking corporations.
• Maximum Maturity: 180 Days
• Maximum Percentage of Portfolio: 20%
• Maximum Exposure: 5% per bank
• Credit Requirement: A-1, P-1, F-1 (Per S&P/ Moody’s /Fitch)

COMMERCIAL PAPER
Commercial Paper ranked A-1, P-1, F-1 by one of the major rating agencies and issued by a domestic corporation having assets in excess of $500,000,000 and having an “A” or better rating on its long term debentures, if any, as determined by a recognized national rating agency.
• Maximum Maturity: 270 Days
• Maximum Percentage of Portfolio: 15% Under a provision sunsetting on January 1, 2026, no more than 40% of the portfolio may be invested in Commercial Paper if the Agency’s investment assets under management are greater than $100,000,000.
• Maximum Exposure: 5% per Issuer
• Credit Requirement A-1, P-1, F-1 (Per S&P/ Moody’s / Fitch)

NEGOTIABLE CERTIFICATES OF DEPOSIT
Negotiable certificates of deposit issued by a nationally or state-chartered bank, a savings association or a federal association, a state or federal credit union, or by a state-licensed branch of a foreign bank. Securities in this category exceeding federal deposit insurance limits shall be rated or issued by institutions which have long-term debt obligations rated “A” (or the equivalent) or better and short-term debt obligations, if any, rated “A-1” (or the equivalent) or better by at least two nationally recognized statistical rating agencies. • Maximum Maturity: 5 Years
• Maximum Percentage of Portfolio: 30%
• Maximum Exposure: 5% per Issuer
• FDIC-insured up to $250,000
• Credit Requirement if over $250,000: Rating of “A” or the equivalent (Per S&P/ Moody’s / Fitch)

MEDIUM-T

ERM CORPORATE NOTES
Medium term notes, defined as all corporate and depository institution debt securities with a maximum remaining maturity of five years or less, issued by corporations organized Item 1E - Page 58

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9 and operating within the United States or by depository institutions licensed by the United States or any state and operating within the United States. Notes eligible for investment under this subsection must be rated “A” or better by a nationally recognized rating service at the time of purchase.
• Maximum Maturity: 5 Years
• Maximum Percentage of Portfolio: 30%
• Maximum Exposure: 5% per Issuer
PASS-T

HROUGH SECURITIES
Asset-Backed, Mortgage-Backed, Mortgage Pass-Through Securities, and Collateralized Mortgage Obligations limited to mortgage-backed pass-through securities issued by a US government agency or consumer receivable pass-through certificates or bonds with a final maturity not exceeding five years from the date of trade settlement.

The securities are rated in a rating category of “AA” or its equivalent or higher by a NRSRO. The aggregate investment in mortgage-backed and asset-backed securities described in this section shall not exceed 20% of the portfolio with no more than 5% held in any one issuer that is not a US government agency.

• Maximum Maturity: 5 Years
• Maximum Percentage of Portfolio: 20%
• Maximum Exposure: 5% per Issuer

SUPRANA TIONAL SECURITIES
Medium United States dollar denominated senior unsecured unsubordinated obligations issued or unconditionally guaranteed by the International Bank for Reconstruction and Development, International Finance Corporation, or Inter-American Development Bank, with a maximum remaining maturity of five years or less, and eligible for purchase and sale within the United States. Investments under this subdivision shall be rated in a rating category of “AA” or its equivalent or higher by a NRSRO and shall not exceed 30% of the portfolio with no more than 10% invested in any one issuer. • Maximum Maturity: 5 Years
• Maximum Percentage of Portfolio: 30%
• Maximum Exposure: 10% per Issuer

MUTUAL FUNDS AND MONEY MARKET MUTUAL FUNDS
California Government Code Sections 53601 (k) permits public agencies to invest 20% of their portfolio in mutual funds or money market. Money market funds are limited to a maximum dollar-weighted average maturity of 90 days; each investment must have a remaining maturity of thirteen months or less at time of purchase; and the fund must strive Item 1E - Page 59

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10 to maintain a constant net asset value of $1.00. These restrictions are designed to protect assets from a loss in value that can result from substantial increases in interest rates.

The California Government Code Section 53601 (k) (2) permits public agencies to invest in “shares of beneficial interest issued by diversified management companies that are money market funds registered with the Securities and Exchange Commission under the Investment Company Act of 1940 (15 U.S.C. Sec. 80a- 1, et seq.) as long as the company shall have met either of the following criteria: (A) Attained the highest ranking or the highest letter and numerical rating provided by not les s than two nationally recognized statistical rating organizations or (B) Retained an investment advisor registered or exempt from registration with the Securities and Exchange Commission with no less than five years’ experience investing in the securities and obligations authorized by subdivisions (a) to (j), inclusive, or subdivisions (m) or (n) and with assets under management in excess of five hundred million dollars ($500,000,000).” • Maximum Percentage of Portfolio: 10 %
The California Government Code Section 53601 (p) permits public agencies to invest in “shares of beneficial interest issued by a joint powers authority organized pursuant to Section 6509.7 that invests in the securities and obligations authorized in subdivisions (a) to (o), inclusive. Each share shall represent an equal proportional interest in the underlying pool of securities owned by the joint powers authority. To be eligible under this section, the joint powers authority issuing the shares shall have retained an investment adviser that meets all of the following criteria: (1) The adviser is registered or exempt from registration with the Securities and Exchange Commission; (2) The adviser has not less than five years of experience investing in the securities and obligations authorized in subdivisions (a) to (o), inclusive; and (3) The adviser has assets under management in excess of five hundred million dollars ($500,000,000).” • Duration: Less than 1 year; Maximum Percentage of Portfolio: 50% • Duration: More than 1 year; Maximum Percentage of Portfolio: 25%

TIME DEPOSITS-C
ERTIFICATES OF DEPOSIT (non-negotiable certificates of deposit.) Time deposits, non- negotiable and collateralized in accordance with the California Government Code, may be purchased through banks or savings and loan associations with an “A” or better rating.
• Maximum Maturity: 1 Year
• Maximum Percentage of Portfolio: 10%
• Maximum Exposure: $500,000 per Issuer

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11 THE LOCAL AGENCY INVESTMENT FUND (LAIF)
A pooled investment fund managed by the State Treasurer’s Office, which operates like a money market fund for the exclusive benefit of governmental entities within California. • Maximum of Portfolio: Maximum set by LAIF

9.1 Bond Proceeds
In addition to the investment vehicles enumerated in Section 9.0, the proceeds of bond issues (including reserve funds) may be invested in long term Guaranteed Investment Contracts (GIC), Investment Agreements (IA), or other Structured Products (SP) that comply with the Permitted Investment restrictions of the particular bond issue.

Before soliciting bids from providers of GIC's, IA's, or SP’s, the Director of Finance/Treasurer shall obtain approval from the City Council to proceed.

9.2 Investment Pools:

The City’s Director of Finance/Treasurer or designee shall be required to investigate all local government investment pools and money market mutual funds prior to investing and performing an annual review thereafter while the City is invested in the pool or the money market fund. LAIF is authorized under provisions in Section 16429.1 of the California Government Code as an allowable investment for local agencies even though some of the individual investments of the pool are not allowed as a direct investment by a local agency.

9.3 Prohibited Investments:

Under the provisions of California Government Code Sections 53601.6 and 53631.5, the City of Palm Springs shall not invest any funds covered by this Investment Policy in inverse floaters, dual index, stepped inverse derivatives, repurchase agreements, reverse repurchase agreements, range notes, interest -only strips derived from mortgage pools, stock in any joint company, corporation or association, or any investment that may result in a zero interest accrual if held to maturity. Under a provision sunsetting on January 1, 2026, securities backed by the U.S. Government that could result in a zero- or negative- interest accrual if held to maturity are permitted.

9.4 Social Responsibility:

The City shall not knowingly make any investments in any institution, company, c
orporation, subsidiary, or affiliate that practices or supports directly or indirectly through its actions, discrimination on the basis of race, religion, color, creed, national or ethnic origin, age, sex, sexual orientation, or physical disability, as this is not in accordance with Item 1E - Page 61

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12 the City of Palm Springs policies regarding discrimination.

Investments are encouraged in entities that support community well -being through safe and environmentally sound practices and fair labor practices. Investments are encouraged in entities that support equality of rights regarding race, religion, color, creed, national or ethnic origin, age, sex, sexual orientation, or physical disability. Investments should be made to the extent reasonable under the circumstances that such socially responsible investments meet minimum permitted requirements by state law, and achieve substantially equivalent safety, liquidity, and yield when compared to similar investments permitted by state law.

10.0 Collateralization:

Under provisions of the California Government Code, California banks and savings and loan associations are required to secure the City’s deposits by pledging government securities with a value of 110 % of principal and accrued interest. California law als o allows financial institutions to secure City deposits by pledging first trust deed mortgage notes having a value of 150% of the City’s total deposits. Collateral will always be held by an independent third party. The market value of securities that underlay a repurchase agreement shall be valued at 102% or greater of the funds borrowed against those securities and the value shall be adjusted no less than quarterly. Since the market value of the underlying securities is subject to daily market fluctuatio ns, the investments in repurchase agreements shall be in compliance if the value of the underlying securities is brought back up to 102% no later than the next business day. The Director of Finance/Treasurer, at his or her discretion, may waive the collateral requirement for deposits that are fully insured up to $250,000 by the Federal Deposit Insurance Corporation. The right of collateral substitution is granted.

11.0 Safekeeping and Custody:

All City investments shall identify the City of Palm Springs as the registered owner, and al
l interest and principal payments and withdrawals shall indicate the City of Palm Springs as the payee. All securities shall be safe kept with the City itself or with a qualified financial institution, contracted by the City as a third party. All agreements and statements will be subject to review annually by external auditors in conjunction with their audit. In the event that the City has a financial institution hold the securities, a separate custodial agreement shall be required. All securities shall be acquired by the safekeeping institution on a “Delivery-Vs-Payment” (DVP) basis.

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13 12.0 Risk Management and Diversification

Mitigating Credit Risk in the Portfolio
Credit risk is the risk that a security or a portfolio will lose some or all its value due to a real or perceived change in the ability of the issuer to repay its debt. The City will mitigate credit risk by adopting the following strategies:
• The diversification requirements included in the “Authorized Investments” section of this policy are designed to mitigate credit risk in the portfolio. • No more than 5% of the total portfolio may be deposited with or invested in securities issued by any single issuer unless otherwise specified in this policy.

• The City may elect to sell a security prior to its maturity and record a capital gain or loss in order to manage the quality, liquidity or yield of the portfolio in response to market conditions or City’s risk preferences.

• If a security owned by the City is downgraded to a level below the requirements of this policy, making the security ineligible for additional purchases, the Director of Finance/Treasurer will use discretion in determining whether to sell or hold the security based on its current maturity, the economic outlook for the issuer, and other relevant factors. If a decision is made to retain a downgraded security in the portfolio, its presence in the portfolio will be monitored and reported monthly to the City Council.

• If a security is downgraded by any NRSRO (Moody’s, S&P or Fitch) below the rating category of “BBB”, it must be sold and removed from the City’s Portfolio unless the City Council approves the Director of Finance/Treasurer’s recommendation that the security should be retained. Director of Finance/Treasurer will monitor and report status of such security to City Council on each quarterly report prepared pursuant to Section 18.0

Mitigating Market Risk in the Portfolio
Market risk is the risk that the portfolio value will fluctuate due to changes in the general level of interest rates. The City recognizes that, over time, longer-term portfolios have the potential to achieve higher returns. On the other hand, longer-term portfolios have higher volatility of return. The City will mitigate market risk by providing adequate liquidity for short-term cash needs, and by making longer-term investments only with funds that are not needed for current cash flow purposes.

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14 The City further recognizes that certain types of securities, including variable rate securities, securities with principal paydowns prior to maturity, and securities with embedded options, will affect the market risk profile of the portfolio differently in different interest rate environments. The City, therefore, adopts the following strategies to control and mitigate its exposure to market risk:
• The City will maintain a minimum of six months of budgeted operating expenditures in short term investments to provide sufficient liquidity for expected disbursements.

• The maximum stated final maturity of individual securities in the portfolio will be five (5) years, except as otherwise stated in this policy.

• The duration of the portfolio will generally be approximately equal to the duration (typically, plus or minus 20%) of a Market Benchmark, an index selected by the City based on the City’s investment objectives, constraints and risk tolerances.

13.0 Maximum Maturities:

To the extent possible, the City will attempt to match its investments with anticipated cash flow requirements. Unless matched to a specific cash flow, the City will not directly invest in securities maturing more than five (5) years from the date of purchase, unless, the City Council has granted express authority to make that investment either specifically, or as a part of an investment program approved by the City Council. I ndividual maturities are subject to the limitations described in Section 9.0.

14.0 Internal Control:

The Director of Finance/Treasurer shall establish a system of internal controls designed to prevent loss of public funds due to fraud, employee error, and misrepresentation by third parties, or unanticipated market changes. No investment personnel may engage in an investment transaction except as provided for under the terms of this Investment Policy and the procedure established by the Director of Finance/Treasurer.

The external auditors shall annually review the investments with respect to the Investment P
olicy. This review will provide internal control by assuring compliance with policies and procedures for the investments that are selected for testing. Additionally, account reconciliation and verification of general ledger balances relating to the purchasing or maturing of investments and allocation of investments to fund balances shall be performed by the Finance Department and approved by the Director of Finance/Treasurer.

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15 To provide further protection of City funds, wiring of any City funds is prohibited without the authorization of one of the following designated City staff:

1. Director of Finance/Treasurer

2. Assistant Director of Finance

3. Assistant City Manager

4. City Manager

15.0 Performance Standards:

This Investment Policy shall be reviewed at least annually by the Director of Finance/Treasurer to ensure its consistency with the overall objective of preservation of principal, liquidity, and return, and its relevance to current law and financial and economic trends. All financial assets of all other funds shall be administered in accordance with the provisions of this Investment Policy.

15.1 Market Yield (Benchmark):

The investment portfolio shall be managed to attain a market -average rate of return throughout budgetary and economic cycles, taking into account the City’s investment risk constraints and cash flow. Investment return becomes a consideration only after t he basic requirements of investment safety and liquidity have been met. The Finance Director/Treasurer shall establish an appropriate benchmark or benchmarks, as appropriate, for investment parameters that reflect the types and maturities of investments allowed under this policy. While the City will not make investments for the purpose of trading or speculation as the dominant criterion, the Director of Finance/Treasurer shall seek to enhance total portfolio return by means of ongoing portfolio and cash management. The prohibition of highly speculative investments precludes pursuit of gain or profit through unusual risk and precludes investments primarily directed at gains or profits from conjectural fluctuations in market prices. The Director of Finance/Treasurer will not directly pursue any investments that are leveraged or deemed derivative in nature. However, as long as the original investments can be justified by their ordinary earning power, trading in response to changes in market value can be used as part of on-going portfolio management.

16.0 Oversight Committee:

A committee comprised of two Council members appointed by Council, the City Manager and the Director of Finance/Treasurer, shall provide oversight of the City's investments.

The Committee shall meet quarterly to review the City’s investment activity.

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CITY OF PALM SPRINGS

INVESTMENT POLICY AND GUIDELINES

16 17.0 Reporting:

The Director of Finance/Treasurer shall submit a monthly investment report to the City Council following the end of each month. This report will include the following elements:
• Type of investment
• Institutional Issuer
• Purchase Date
• Date of maturity
• Amount of deposit or cost of the investment
• Face value of the investment
• Current market value of securities and source of valuation • List of transactions occurring during the reporting period • Rate of interest
• Percentage of Portfolio by Investment Type and by Maturity • Days to Maturity for all Investments
• Performance of the portfolio relative to benchmark(s), as appropriate • Comparative report on Quarterly Investment Balances and Yields • Statement relating the report to its compliance with the Statement of Investment Policy or the manner in which the portfolio is not in compliance • Statement on availability of funds to meet the next six month’s obligations This monthly investment report shall be an information item for the City Council. A commentary on capital markets and economic conditions may be included with the report but is not required. The Director of Finance/Treasurer shall include in the monthly reports for September, December, March and June a calculation of interest income for the quarter and the comparison of the portfolio yield to the benchmark described in Section 16.1.

18.0 Investment Policy Adoption:

This Investment Policy shall remain in full force and effect until such time as the City Council amends this policy. The City Manager will submit the Investment Policy to the City Council for review and adoption on an annual basis.

Item 1E - Page 66

CITY OF PALM SPRINGS

INVESTMENT POLICY AND GUIDELINES

17 GLOSSARY

AGENCIES: Federal agency securities.

ASKED: The price at which securities are offered. (The price at which a firm will sell a security to an investor.)
ASSET BACKED SECURITIES. Securities supported by pools of installment loans or leases or by pools of revolving lines of credit.

BANKERS’ ACCEPTANCE (BA): A draft or bill or exchange accepted by a bank or trust company. The accepting institution guarantees payment of the bill, as well as the issuer.

The drafts are drawn on a bank by an exporter or importer to obtain funds to pay for specific merchandise. An acceptance is a high-grade negotiable instrument.

BASIS POINT: One one-hundredth of a percent (i.e., 0.01 %) BID: The price offered by a buyer of securities. (When you are selling securities, you ask for a bid.)
BROKER: A broker brings buyers and sellers together for a commission. He does not take a position.

CERTIFICATE OF DEPOSIT (CD): A time deposit with a specific maturity evidenced by a certificate. Large-denomination CDs are typically negotiable.

COLLATERAL: Securities, evidence of deposit or other property, which a borrower pledges to secure repayment of a loan. Also refers to securities pledged by a bank to secure deposits of public monies.

COLLATERALIZED MORTGAGE OBLIGATIONS (CMO
). Classes of bonds that
redistribute the cash flows of mortgage securities (and whole loans) to create securities that have different levels of prepayment risk, as compared to the underlying mortgage securities.

COMMERCIAL PAPER: Short term unsecured promissory note issued by a corporation to raise working capital. These negotiable instruments are purchased at a discount to par value or at par value with interest bearing. Commercial paper is issued by corporations such as General Motors Acceptance Corporation, IBM, Bank of America, etc.

COMPREHENSIVE ANNUAL FINANCIAL REPORT (CAFR): The official annual financial report for the City. It includes combined statements and basic financial Item 1E - Page 67

CITY OF PALM SPRINGS

INVESTMENT POLICY AND GUIDELINES

18 statements for each individual fund and account group prepared in conformity with Generally Accepted Accounting Principles (GAAP).

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

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

DEBENTURE: A bond secured only by the general credit of the issuer.

DELIVERY VERSUS PAYMENT: There are two methods of delivery of securities:
delivery versus payment and delivery versus receipt. Delivery versus payment is delivery of securities with an exchange of money for the securities. Delivery versus receipt is delivery of securities with an exchange of a signed receipt for the securities.

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

DISCOUNT SECURITIES: Non -interest bearing money market instruments that are issued at a discount and redeemed at maturity for full face value (e.g., U.S. Treasury Bills).

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

DURATION: A measure of the sensitivity of the price (value of principal) of a fixed-income investment to a change in interest rates over a period of time. Duration is expressed by a number of years. Stagnant or falling interest rates may result in the duration of an investment being shorter than the stated maturity date.

FEDERAL CREDIT AGENCIES: Agencies of the Federal government set up to supply credit to various classes of institutions (e.g., S&Ls, small business firms, students, farmers, farm cooperatives, and exporters).

FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC): A Federal agency that insures bank deposits, currently up to $250,000 per deposit.

FEDERAL FUNDS RATE: The rate of interest at which Federal funds are traded. This rate is currently pegged by the Federal Reserve though open-market operations.

FEDERAL HOME LOAN BANKS (FHLB): T
he institutions that regulate and lend to
savings and loan associations. The Federal Home Loan Banks play a role analogous to Item 1E - Page 68

CITY OF PALM SPRINGS

INVESTMENT POLICY AND GUIDELINES

19 that played by the Federal Reserve Banks vis-a-vis member commercial banks.

FEDERAL HOME LOAN MORTGAGE CORPORATION (FHLMC): Created to promote the development of a nationwide secondary market in mortgages. It does this by purchasing residential mortgages from financial institutions insured by an agency of the federal government and selling its interest in them through mortgage backed securities.

The interest and principal payments from the mortgages pass through to the investors either monthly, semiannually or annually.

FEDERAL LAND BANK (FLB): Long-term mortgage credit provided to farmers by Federal Land Banks. These bonds are issued at irregular times for various maturities ranging from a few months to ten years.

FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA): FNMA, like GNMA was chartered under the Federal National Mortgage Association Act in 1938. FNMA is a Federal corporation working under the auspices of the Department of Housing and Urban Development (HUD). It is the largest single provider of residential mortgage funds in the United States. Fannie Mae, as the corporation is called, is a private stockholder -owned corporation. The corporation’s purchases include a variety of adjustable mortgages and second loans, in addition to fixed-rate mortgages. FNMA’s securities are highly liquid and are widely accepted. FNMA assumes and guarantees that all security holders will receive timely payment of principal and interest.

FEDERAL OPEN MARKET COMMITTEE (FOMC): Consists of seven members of the Federal Reserve Board and five of the twelve Federal Reserve Bank Presidents. The President of the New York Federal Reserve Bank is a permanent member, while the other presidents serve on a rotating basis. The committee periodically meets to set Federal Reserve guidelines regarding purchases and sales of Government Securities in the open market as a means of influencing the volume of bank credit and money.

FEDERAL RESERVE SYSTEM: The central bank of the United States created by Congress and consisting of a seven- member Board of Governors in Washington, D.C.; 12 regional banks and about 5,700 commercial banks are members of the system.

GOVERNMENT NATIONAL MORTGAGE ASSOCIATION (GNMA OR GINNIEMAE):

Securities influencing the volume of bank credit guaranteed by GNMA and issued by mortgage bankers, commercial banks, savings and loan associations and other institutions. Security holder is protected by full faith and credit of the U.S. Government.

Ginnie Mae securities are backed by the FHA or VA mortgages. The term “pass-through” is often used to describe Ginnie Mae securities.

LIQUIDITY:

A liquid asset is one that can be converted easily and rapidly into cash Item 1E - Page 69

CITY OF PALM SPRINGS

INVESTMENT POLICY AND GUIDELINES

20 without a substantial loss of value. In the money market, a security is said to be liquid if the spread between bid and asked prices is narrow and reasonable size can be done at those quotes.

LOCAL GOVERNMENT INVESTMENT POOL (LGIP): The aggregate of all funds from political subdivisions that are placed in the custody of the State Treasurer for investment and reinvestment.

MARKET VALUE: The price at which a security is trading and could presumable be purchased or sold.

MARKET REPURCHASE AGREEMENT: A written contract covering all future transactions between the parties to repurchase- reverse agreements that establish each party’s rights in the transactions. A master agreement will often specify, among other things, the right of the buyer- lender to liquidate the underlying securities in the event of default by the seller- borrower.

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

MORTGAGE PASS-THROUGH SECURITIES. A securitized participation in the interest and principal cash flows from a specified pool of mortgages. Principal and interest payments made on the mortgages are passed through to the holder of the security NEGOTIABLE CERTIFICATES OF DEPOSIT: Unsecured obligations of the financial institution, bank or savings and loan, bought at par value with the promise to pay face value plus accrued interest at maturity. They are high- grade negotiable instruments, paying a higher interest rate than regular certificates of deposit.

OFFER: The price asked by a seller of securities. (When you are buying securities, you ask for an offer).

OPEN MARKET OPERATIONS: Purchases and sales of government and certain other securities in the open market by the New York Federal Reserve Bank as directed by the FOMC in order to influence the volume of money and credit in the economy. Purchases inject reserves into the bank system and stimulate growth of money and credit: Sales have the opposite effect. Open market operations are the Federal Reserve’s most important and most flexible monetary Policy tool.

PORTFOLIO: Collection of securities held by an investor.

PRIMARY DEALER: A
group of government securities dealers who submit daily reports of market activity and positions and monthly financial statements to the Federal Reserve Bank of New York and are subject to its informal oversight. Primary dealers include Item 1E - Page 70

CITY OF PALM SPRINGS

INVESTMENT POLICY AND GUIDELINES

21 Securities and Exchange Commission (SEC) registered securities broker/dealers, banks and a few unregulated firms.

PRUDENT PERSON RULE: An investment standard. In some states, the law requires that a fiduciary, such as a trustee, may invest money only in a list of securities selected by the custody state-the so - called “legal list”. In other states, the trustee may invest in a security if it is one that would be bought by a prudent person of discretion and intelligence who is seeking a reasonable income and preservation of capital.

RATE OF RETURN: The yield obtainable on a security based on its purchase price or its current market price.

REPURCHASE AGREEMENT (RP OR REPO): A holder of securities sells these securities to an investor with an agreement to repurchase them at a fixed date. The security “buyer” in effect lends the “seller” money for the period of the agreement, and the terms of the agreement are structured to compensate him for this. Dealers use RP extensively to finance their position. Exception: when the Fed is said to be doing RP, it is lending money that is, increasing bank reserves.

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

SUPRANATIONALS: Development banks that share the same goal of providing an improved standard of living in their member countries, but each having different mandates. There are three banks (Supranationals) in which California local agencies can invest their debt obligations; the International Bank for Reconstruction and Development (IBRD), International Finance Corporation (IFC) and Inter-American Development Bank.

STUDENT LOAN ASSOCIATION NOTES (SLMA or SALLIE MAE): A U.S. Corporation and instrumentality of the U.S. Government. Through its borrowings, funds are targeted for loans to students in higher education institutions. SLMA securities are highly liquid and are widely accepted.

SMALL BUSINESS ADMINISTRATION (SBA): The portion of these securities which are guaranteed by the Federal government to provide financial assistance through direct loans and loan guarantees to small businesses. Cash flows from these instruments may not be in equal installments because of prepayments.

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

SECURITIES & EXCHANGE COMMISSION:

Agency created by Congress to protect
investors in securities transactions by administering securities legislation.

Item 1E - Page 71

CITY OF PALM SPRINGS

INVESTMENT POLICY AND GUIDELINES

22 SEC RULE 15C3-1: See “Uniform Net Capital Rule”.

SUPRANATIONAL. A Supranational is a multi-national organization whereby member States transcend national boundaries or interests to share in the decision making to promote economic development in the member countries.

TENNESSEE VALLEY AUTHORITIES (TVA): A U.S. Corporation created in the 1930s to electrify the Tennessee Valley area; currently a major utility headquartered in Knoxville, Tennessee. TVA securities are highly liquid and are widely accepted.

TREASURY BILLS: A non-interest bearing discount security issued by the U.S. Treasury to finance the national debt. Most bills are issued to mature in three months, six months, or one year.

TREASURY BOND: Long-term U.S. Treasury securities having initial maturities of more than10 years.

TREASURY NOTES: Intermediate-term coupon bearing U.S. Treasury having initial maturities of one year to ten years.

UNIFORM NET CAPITAL RULE: Securities and Exchange Commission requirement that member firms as well as nonmember broker/dealers in securities maintain a maximum ratio of indebtedness to liquid capital of 15 to 1; also called net capital rule and net capital ratio. Indebtedness covers all money owed to a firm, including margin loans and commitments to purchase securities, one reason new public issues are spread among members of underwriting syndicates. Liquid capital includes cash and assets easily converted into cash.

YIELD: The rate of annual income return on an investment, expressed as a percentage. (a) Income Yield is obtained by dividing the current dollar income by the current market price for the security. (b) Net Yield or Yield to Maturity is the current income yiel d minus any premium above par or plus any discount from par in purchase price, with the adjustment spread over the period from the date of purchase to the date of maturity of the bond.

Item 1E - Page 72

CITY COUNCIL STAFF REPORT

DATE: MARCH 14, 2024 CONSENT CALENDAR

SUBJECT: QUITCLAIM OF RESTRICTIVE COVENANT BURDENING LOTS 1-3, 62, AND LOT 63 WITHIN RECORDED PARCEL MAP NO. 20820, MB 166, PGS 70-71 (ENG FILE R 23-07-63695)

FROM: Scott C. Stiles, City Manager

BY: Engineering Services Department

SUMMARY:

Parcel Map No. 20820 imposes a restrictive covenant (the “Restrictive Covenant”) benefiting the City of Palm Springs (the “City”) and burdening Lots 1 -3, 62, and 63, described in the Owner’s Statement as a “condition” to the dedication of 20 th Avenue. The
Restrictive Covenant provides that the owners of Lots 1- 3, 62, and 63 have no rights of access to 20th Avenue except the general easement of travel. 20 th Avenue is shown as Lot “A” on said map, which was recorded in 1990, while the tract was still within unincorporated Riverside County. Parcel Map No. 20820 and surrounding sections were annexed as part of LAFCO Annexation 26, approved by the City of Palm Springs in 1994.

As the new governing body, the attached resolution terminates the Restrictive Covenant as to the 20th Avenue dedication in PM 20820 (Attachment A), thereby granting rights of vehicular access to the adjacent property owners.

RECOMMENDATION:

1. A dopt Resolution No. _____, “QUITCLAIMING THE “NO RIGHTS OF ACCESS” RESTRICTIVE COVENANT OVER A PORTION OF 20TH AVENUE, SHOWN AS LOT “A” WITHIN RECORDED PARCEL MAP NO. 20820, MB 166, PGS 70 -71 (ENG FILE R 23-07-63695), AND APPROVING A DETERMINATION THAT THE

ACTION IS EXEMPT FROM THE CALIFORNIA ENVIRONMENTAL QUALITY ACT (CEQA).”

2. Direct the City Clerk to complete processing of the attached Quitclaim of Restrictive Covenant and cause it to be recorded with the Riverside County Recorder.

3. Authorize the City Manager to execute all necessary documents associated with Resolution No. _____.

Item 1F - Page 1
City Council Staff Report
March 14, 2024 -- Page 2
Quitclaim of Restricted Covenant Lots 1-3, 62 & 63 PM 20820

BACKGROUND:

Parcel Map No. 20820 (PM 20820, Attachment A) is located north of Interstate 10, and west of Indian Canyon Drive between 20 th Avenue and 19 th Avenue. PM 20820 was approved by the Riverside County Board of Supervisors on September 27, 1990, while it was still within unincorporated Riverside County. The Owner’s Statement on the map imposes a Restrictive Covenant in favor of the Riverside County Board of Supervisors.

The Restrictive Covenant provides that “ AS A CONDITION OF THE DEDICATION OF LOT ‘A’, 20
TH AVENUE,” the owners of Lots 1-3, 62, and Lot 63, adjoining the northerly right-of-way of 20th Avenue, have “NO RIGHTS OF ACCESS” to 20th Avenue.

Major roads or thoroughfares serve mostly through-traffic with some local access allowed and can be either six -lane divided ( 110-foot right-of-way) or four -lane divided (100- foot right-of-way) roads with a design speed of 55 mph. Collector r oads serve mostly local traffic and are usually comprised of two lanes with a typical right-of-way width of 60 to 66 feet and design speed of 45 mph. The right -of-way width for 20 th Avenue on PM 20820
was intended to be 100 feet in total width, making it a major road. Due to safety concerns, restricting or eliminating access rights to lots adjoining the road right-of-way is a common practice to prevent tenants from installing driveways where a typical m ajor road speed limit varies between 45-55 mph. At those speeds, direct vehicular access can be unsafe.

On October 5, 1994, City Council approved Resolution No. 18486 (Attachment B) for Riverside County Local Agency Formation Commission (LAFCO) Annexation 26, placing PM 20820 within Palm Springs city limits and no longer in unincorporated Riverside County. The City of Palm Springs redesignated 20
th Avenue from a major road to a
collector, reducing the total right-of-way width needed from 100 feet to 60 feet. The City of Palm Springs Municipal Code Section 12.20.020 established prima facie speed limits for 20
th Avenue from the west city limits to Indian Canyon Drive, which includes the segment fronted by Lots 1- 3, 62 and 63, at 25 mph. This reduction in total right-of-way width, and presumed speed limit of 25 mph , negates the necessity for the Restrictive Covenant imposing “NO RIGHTS OF ACCESS” to 20th Avenue from Lots 1-3, 62 and 63.

Item 1F - Page 2
City Council Staff Report
March 14, 2024 -- Page 3
Quitclaim of Restricted Covenant Lots 1-3, 62 & 63 PM 20820

1994 LAFCO ANNEXATION 26 IS SHOWN AS THE SHADED AREA

STAFF ANALYSIS:

The property owners of Lots 1-3, 62 and 63, adjacent to the northerly right of way of 20th Avenue have requested that the City grant access rights to facilitate traffic flow in and out of the property development and surrounding streets. Staff believes the Restrictive Covenant is no longer necessary and no longer serves the interests of the City , as explained in greater detail below.

The Owner’s Statement (County Supervisors), on PM 20820, conditioned the dedication of 20
th Avenue to restrict access rights to Lots 1-3, 62, and 63 from the adjoining northerly right-of-way of 20th Avenue. This condition should be interpreted as a restrictive covenant in favor of the City because it was imposed for public health and safety reasons, as discussed in greater detail above. PM 20820 is now within the City of Palm Springs city limits and the City’s designation of the street has changed from a major road to a collector road, thus reducing the ultimate right-of-way width of 20 th Avenue from 100 feet to 60 feet.

The need for the Restrictive Covenant has been eliminated through the change in road designation. Since the Restrictive Covenant is not a recorded public easement, or an easement within a recorded map, the normal public right -of-way vacation process does Item 1F - Page 3
"C
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. ...._..'""'-1.1•-•-,c
Section 21
T 3S. R 4E.

I •~
Section 22
T.3S. R.4E.
1~
1 !Ith ve
19th Avenue

NO R T H
I
18th-Avenue
Parce l Map 20820
MB 166/Pgs 70-73
with Lots 1-3, 62, &
a Portion of Lot 63
C
City Council Staff Report
March 14, 2024 -- Page 4
Quitclaim of Restricted Covenant Lots 1-3, 62 & 63 PM 20820

not apply. In turn, the Planning Commission was not notified for compliance with the General Plan regarding restricted access rights.

Staff has determined that the Restrictive Covenant is no longer in the interest of the City.

Termination of the restriction on access will improve the development potential of the existing and vacant lots. Staff will have the ability to control the width and location of access openings to 20
th Avenue for each lot during the development approval process.

Removal of the Restrictive Covenant will enhance the commercial viability of development projects on these vacant parcels, which offers the potential to increase property taxes and sales tax revenue to the City. Further, allowing the property owners vehicular access to 20
th Avenue will improve traffic flow on 20 th Avenue and adjacent streets. In sum, the safety considerations justifying the access restriction no longer applies because it is not a major thoroughfare, and countervailing economic development considerations strongly support removal of the Restrictive Covenant.

On the advice of the City Attorney, Staff has prepared a City Council resolution (Attachment C) releasing and removing the Restrictive Covenant within PM 20820 as to Lots 1 -3, 62, and 63. The resolution directs the City Clerk to record the attached “Quitclaim of Restrictive Covenant” with the Riverside County Recorder.

ENVIRONMENTAL ASSESSMENT
:

Section 21084 of the California Public Resources Code requires Guidelines for Implementation of the California Environmental Quality Act ("CEQA"). The Guidelines are required to include a list of classes of projects which have been determined not to have a significant effect on the environment and which are exempt from the provisions of CEQA. In accordance with Section 15061(b)(3) of the CEQA Guidelines, the removal of restricted access rights to Lots 1-3, 62, and 63, within PM 20820, are exempt from CEQA, as a common sense exemption. Granting access rights to 20 th Avenue to the owners of
Lots 1- 3, 62, and 63 could not, on its own, cause any impact on the environment.

Therefore, Notices of Exemption will be prepared and filed with the Riverside County Clerk.

ALIGNMENT WITH STRATEGIC PLANNING:

There will be no impact to strategic planning by this City Council action.

FISCAL IMPACT:

No Fiscal Impact.

Item 1F - Page 4
City Council Staff Report
March 14, 2024 -- Page 5
Quitclaim of Restricted Covenant Lots 1-3, 62 & 63 PM 20820 REVIEWED BY:

City Engineer: Joel Montalvo
Deputy City Manager: Flinn Fagg
City Manager: Scott Stiles
ATTACHMENTS:

A. Par
cel Map No. 20820 (2 Pages)
B. City Resolution No. 18486
C. Resolution
Item 1F - Page 5

ATTACHMENT A

Item 1F - Page 6
Item 1F - Page 7

OWNER'S STATEMENT
WE HEREBY STATE THAT WE ARE THE OWNERS OF Tl-l E
LAND INCLUDED WITHIN THE SUBDIVISION SHOWN HEREON; THAT WE ARE THE

ONLY PERSONS WHOSE CONSENT IS NECESSARY TO PASS A CLEAR TITLE TO SAID LAND; THAT WE CONSENT TO THE MAKING AND RECORDING OF THIS SUBDIVISION MAP AS SHOWN WITHIN THE DISTINCTIVE. BORDER LINE. WE HEREBY DEDICATE

TO PUBLIC USE FOR STREET AND PUBLIC UTILITY PURPOSES LOTS ''A'' THROUGH "G" INCLUSIVE, AS A CONDITION OF DEDICATION OF LOT "A", 20TH AVENUE, THE OWNERS OF PARCELS/-3,6Z,h3 ABUTTING THIS HIGHWAY AND DURING SUCH

TIME WILL HAVE NO RIGHTS OF ACCESS EXCEPT THE GENERAL EASEMENT OF TRAVEL, ALSO EXCEPTING ONE EACH FORTY FOOT ACCESS OPENING IN PARCELS 3 AND 62 AS SHOWN HEREON. ANY CHANGE OF ALIGNMENT OR WIDTH THAT RESULTS

IN THE VACATION THEREOF SHALL TERMINATE THIS CONDITION OF ACCESS AS TO THE PART VACATED.
t~Mfi_A:l ~

HUSBAND AND WIFE, AS COMMUNITY PROPERTY
CO., LTD., A CALIFORNIA LIMITED
PARC EL · MAP NO. 20820
eiE.\NGi t,... C>\\Jl'5lON O'f? ~RCELS \\ 'l \ 3 ANO A ~ITTlON OF LO"T ~" 0~ ~RCE.L MAP No. "7S'$(o A.~ S~N ~'I MA~ ON F\LE \N e>oc>K.. 3\ ~6E. \ c~' P~~CE.\.... t'-IIA?~ '.) RE.CORO~ CR 9..\\JE.~\DE. COUNT'( , L"1lN6 '1-trn-\\N --n-\E sc,,.rn-\€.b.'ST QU~RTE~ ~ ~\ON l'S,---r.~$. 1 R.4E.. 5.5.6.~M.

M.b..Q.C\-\ \9B9 (SA.t)EL I COOK 4 e£,C\(\..UND \\'NC.

NOTARY ACKNOWLEDGEMENl
STATE OF CALIFORNIA] ss COUNTY OF RIVERSIDE
ON ((t1AIL /3, /f9tJ BEFORE ME, THE UNDERSIGNED,
FO,.-SAID COUNTY AND. STATE, PERSONALLY APPEAR£
KNOWN TO ME TO BE THE ____ PRESIDENT AND ~..S~l~~cL.__~~--.£.;;~L-~ TO ME TO BE THE ___ SECRETARY OF

THE CORPORATION THAT EXECUTED THE WITHIN INSTRUMENT AND IN AND

THE PERSONS WHO EXECUTED THE WITHIN INSTRUMENT ON BEHALF OF SAID C RP A r AID .. CORP ATIO BEING "<.DJQWN TO ME TO BE ONE OF THE PARTNERS OF t:6THE PARTNERSHIP THAT EXECUTED THE WITHIN INSTRU ENT, AND ACKNO LEDGED TO ME THAT SUCH CORPORATION EXECUTED THE SAME AS SUCH PARTNER AND THAT SUCH PARTNERSHIP EXECUTED THE SAME.

W JTNESS MY HAND EXP I RES /'--3,/-9/

AND OFFICIAL SEAL

ENGINEER'S STATEMENT
S~EET I OF 4 SHEET$

RECORDER'S STATEMENT
;!LED THIS i:zt~AY OF 5._e,D+empeng~/), AT
j~'/JIJ{).M.
1~ BOOK /{,_ULCJ~kiEL MA~p, A'-rPAGES
_,(')_ - _ , A~ THE REQUEST OF THE CLERK
67""fHE BOA . ·
NO. 35~73-L ______ _
FEE IJ ,L;}.. • Do
~~~~~y RECORDER DEPUTY
SUBDIVISION OCl-l\Cf.>.GO TITLE
GUARANTEE [NSURANCE COMPANY
DATED t4:_ __ ,o/ef'T" ____ , 19~0

NORTH PALM SPRINGS DEVELOPMENT

PARTNERSHIP
Aj~A, ~ ~f>~
:£:vt>tL.S//l~I.-Wr:;r //(}(!_., A ~ -'/1.ctJ.RA/hf !MJtJllJ'JtJAJ b Q d,s..J,

GENERAL PARTNER

NOTARY ACKNOWLEDGEMENT
STATE OF ~L IFOR~Ij 5 s
COUNTY OF~cb_ '
ON THIS /J-ti DAY OF ~, 199Q_, BEFORE ME, LJa.«~,.I~~,
A NOTARYPUBLIC IN AN[)~A ID STATE, PERSONALLY APPEAR Df=RANK E.

MCLANE AND BERNICE HILDA MCLANE, PERSONALLY Ktrnw,, TQ ME (OR PROVIDED TO ME ON THE BASIS· OF SATISFACTORY EVIDENCE TO BE THE PERSONS

DESCRIBED IN, AND WHOSE NAMES ARE SUBSCRIBED TO THE WITHIN INSTRUMENT AND THEY ACKNOWLEDGED TO ME THAT THEY EXECUTED THE SAME.

WITNESS MY HAND

AND OFFICIAL SEAL
MY COMMISSION EXPIRES _£_-3/-9/
NOTARY ACKNO\JLEDGEMENT
ST ATE OF q~UFOR1'tl.AJ 65 COUNTY OF~ ,
ON THIS //--1_:_;{ DAY OF // ~ , 19~L2.... BEFORE ME, µ(1ALJ1/ C. ~ X NOTA}¼ PU9:;lC 4, INAND FOR SAID STATE, PERSONALLY APPEARED /BA~rt'11F ;At;FAO'tORYPE~~?~~~6~JKN~~N ~~ ~~E(~~R~~~v5~oT~x~~u~~D i~~ \JITHIN INSTRUMENT AS A GENERAL PARTNER OF NORTH PALM SPRINGS DEVELOPMENT CO., LTD., THE CALIFORNIA LIMITED PARTNERSHIP THAT EXECUTED THE \JITHIN INSTRUMENT AND ACKNO\JLEDGED TO ME THAT SUCH PARTNERSHIP EXECUTED THE SAME.

TAX BOND CERTIFICATE
aQ
I HEREBY CERTIFY THAT A BON[\ IN THE SUM Or stgo.o. HAS BEEN EXECUTED AND F[LED W[TH THE BOARD OF SUPERVISORS OF THE COUNTY OF

RIVERSIDE, CALIFORNIA, CONDITIONED UPON THE PAYMENT OF ALL TAXES,

STATE, COUNTY, MUNICIPAL OR LOCAL, AND ALL SPECIAL ASSESSMENTS COI.LECTED AS TAXES, WHICH AT THE TIME

COUNTY RECORDER ARE A LIEN AGAINST SAID
AND SAA:~t~HAS BEEN DULY APPROVED BY
DATED~ o/'6 , 1990

SUPERVISORS

TAX COLLECTOR'S CERTIFICATE

OF FILING OF THIS MAP WITH THE

PROPERTY BUT NOT YET PAYABLE
SAID BOARD OF SUPERVISORS.

CASH TAX BOND
R. WAYNE WATTS

COUNTY TAX COLLECTOR
BV: DEPUTY

I HEREBY CERTIFY THAT ACCORDING TO THE RECORDS OF THTS OFFICE, AS OF

THIS DATE, THERE ARE NO LIENS AGAINST THE PROPERTY SHOWN ON THE WITHIN

MAP FOR UNPAID STATE, COUNTY, MUNICIPAL OR LOCAL TAXES OR SPECIAL

ASSESSMENTS COLLECTED AS TAXES, EXCEPT TAXES OR SPECIAL ASSESSMENTS

COLLECTED AS TAXES NOW A LIEN, BUT NOT YET PAYABLE, WHICH ARE ESTIMATED TO BE $ Cjfoo.oo
DATED \JITNESS MY HAND AND OFFICIAL SEAL
NOTARY PUBLIC IN AND FOR SAi 11K~
TH[S MAP CONFORMS TO THE REQUIREMENTS OF THE SUBDIVISION MAP ACT AND LOCAL ORDINANCES. [ HEREBY STATE THAT THIS MAP HAS BEEN EXAMINE[) BY ME OR UNDER MV DIRECTION AND FOUN[l TO BE SUBSTANTIALLY THE SAME AS IT APPEARS ON THE TENTATIVE MAP OF PARCEL MAP NO. 20870 AS FILED AMENDED, AND APPROVED BY THE BOARD OF SUPERVISORS ON '2.4 SEPTE.M6ffi, 1985, THE EXPIRATION DATE BEING 24 SEPTEM6E~, 1990, AND THAT r AM SATISFIED THIS MAP IS TECHNICALLY CORRECT.

DATED SEPr 19 , I 99~.
&(~~~!'-'!s;rp,;~:-,j,-:CNE~..f-,GA~~
GOUN 5Ul'<VEcYOg_
~ S'J7'1:,

BOARD OF SUPERVISOR'S STATEMENT

THE COUNTY OF RIVERSIDE, STATE OF CALIFORNIA, BY ITS BOARD OF

SUPERVISORS HEREBY APPROVES THE PARCEL MAP AND ACCEPTS THE OFFERS OF DEDICATION MADE HEREON FOR PUBLIC ROAD AND PUBLIC llTILITY PURPOSES, AND~ OF THE COUNTY MAINTAINED ROAD SYSTEM.

DATE oJIS_, 1 ,.~. ::~:~:~";6~. o:u:::~:::::·
ATTESTED: GERALD A. MALONEY

CLERK OF THE BOA
B~ DEPUTY

SIGNATURE OMISSION
PURSUANT TO SECTION 66436 OF THE SUBDIVISION MAP ACT, THE

SIGNATURE OF THE FOLLOWING OWNER OF EASEMENTS AND/OR OTHER INTERESTS HAVE BEEN OMITTED:

AN EASEMENT TN FAVOR OF J.W. RICE, SHER[FF, FOR ROAD PURPOSES PER INSTRUMENT RECORDED 4 DECEMBER 1953 IN BOOK 153?, PAGE 136, OFFICIAL RECORDS OF RIVERSIDE COUNTY, CALIFORNIA.

WOBB\Ol.5 SCH. ''E.''
Item 1F - Page 8
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II. ALL MONUMENTS sHo\l'--/H "SET" SHALL BE 5ET IN k.GOl<.DANCE wrrn Tl-IE: MONUMENTATION AG!2EEMENT FOR. TI-HS MAf;'UNLESS DTI-\El<V\/ISE Naf'EO.
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13. '3E.1 GiEEL PIN ANO lcGE '2.1140 7M IN TOP OF CU12B Ai ALL LD• C.Or2NERS PROJ ECTEO.

EN\/lf<ONME.NTAL CONSTf<AI NT ~OTE:

EN\/lt<ONMENTt\L CoNSTl<AINT 51-\EET P..FFE:.CiTING TI-\\S MP..P IS ON Fl Le IN THE OFFICE OF 17-lE:. RIYE.eS\DE COUl'ITY SLH?VEYOIZ I
IN E:.c.s. 600\C. '2.0 PAGE 95 . THIS AFFECTS PARGE.L.S 1-61.

EASEMENT NOTES:
& AN EASEMENI IN FAVOQ OF u.W. 12.ICE., SI-IE:.etfF; FOl2. lcDf.>.D PU12.POScS PE:!2. INSTIWME.NT 12'.EGOr2DED 4 DECEtv\6EtZ. \9S3 \N BOOK. 1532, Pt>GE:. l~Co, OfFIClt>.L RE.C.a200 OF g1V. CD, "'10 8e>\0Vo
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ATTACHMENT B
Item 1F - Page 9
Item 1F - Page 10
RESOLUTION NO. 18486

OF THE CITY COUNCIL OF THE CITY OF PALM
SPRINGS, CA.I..1IFORNIA, ORDERING ANNEXATION
WITHOUT ELECTION OF ANNEXATION 2 6 AS .APPROVED

BY THE RIVERSIDE LOCAL AGENCY FORMATION
COMMISSION, LAFCO NO .. 93-28-3, AND APPROVING

AN AGREEMENT BETWEEN THE CITY OF PALM SPRINGS

AND THE COUNTY OF RIVERSIDE AS A CONDITION OF
ANNEXATION.

WHEREAS the City Council of the City of Palm Springs desires to annex approximately 8,000 acres of legally uninhabited land which is now under the jurisdiction of the County of Riverside generally located in the Interstate 10 corridor, between State Hi~rhway 111 and Gene Autry Trail, north of the existing corporate limit of the City of Palm Springs, as more particularly described in Exhibit A attached hereto; and
WHEREAS the Riverside Local Agency Formation Commission (LJ\.FCO) has approved the annexation of Annexation 26 at a public hearing held on October 28, 1993, subject to the condition tha.t the City of Palm Springs enter into an agTeement with the County of Riverside regarding the provision of fire and police protection services by the City within the Snow Creek and Windy Point areas and regarding the continuity of permit processing for WECS proposals (Agreement) ; and
WHEREAS the annexation will take place without an election of the eligible electorate because no property owner in the territory has filed a written protest with the City; and
WHEREAS the annexation was initiated by the City of Palm Springs following requests by property owners in the territory; and WHEREAS the regular County Assessment Roll will be utilized with respect to the annexed property; and
WHEREAS the annexed territory is not now taxed for existiniJ general bonded indebtedness by either the City of Palm Springs or the County of Riverside; and
WHEREAS the City Council has the authority to order such annexation pursuant to the Cortese-Knox Act of 1985, Government Codi:~ Section 57,000 et seq, and the City desires to order the annexation and approve the execution of the Agreement which the City Council has determined to be in the best interest of the City of Palm Springs.

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Palm Springs, California, hereby orders the annexation of Annexation 26 and also authorizes the execution, by the City Manager, of that certain Agreement, required by LAF'CO as a condition of annexation, a copy of which is in the office of the City Clerk.

ADOPTED this -~5~tL_ day of October , 1994. ---"'-'--=-=~-<----------- AYES:

NOES:

Members Hodges, Kleindienst, Lyons, Reller-Spurgin & Mayor Maryanov None
ABSENT: None
ATTEST:

Ci1i:y:./Clerk
REVIEWED & APPROVED: __j,Lrl::t---'L-_' -~.;,,A-~-------------------- I
I
I

ATTACHMENT C
Item 1F - Page 11
55575.18120\41984674.1

RESOLUTION NO. ________

A RESOLUTION OF THE CITY COUNCIL OF

THE CITY OF PALM SPRINGS, CALIFORNIA,
QUITCLAIMING THE “NO RIGHTS OF
ACCESS” RESTRICTIVE COVENANT OVER A
PORTION OF 20TH AVENUE, SHOWN AS
LOT “A”, WITHIN RECORDED PARCEL MAP
NO. 20820, MB 166, PGS 70- 71 (ENG FILE R
23-07-63695), AND APPROVING A

DETERMINATION THAT THE ACTION IS

EXEMPT FROM THE CALIFORNIA
ENVIRONMENTAL QUALITY ACT (CEQA).

THE CITY COUNCIL OF THE CITY OF PALM SPRINGS DOES HEREBY FIND AS FOLLOWS:

WHEREAS, in Parcel Map No. 20820, Map Book 166, Pages 70-71, the Riverside County Board of Supervisors (the “County”) accepted the dedication of Lot “A” as 20 th Avenue
with a restriction on access (the “Restrictive Covenant”) to 20th Avenue (the “Restrictive Covenant”) imposed on the owners of Lots 1-3, 62, and 63, in 1990 when said Parcel Map was within Unincorporated Riverside County (Exhibit “A”); and WHEREAS, the dedication of Lot “A” within Parcel Map No. 20820, brought the right -of- way to a width of 100 feet , which indicates the C ounty originally intended to designate 20th Avenue as a major thoroughfare or freeway; and
WHEREAS, the Parcel Map No. 20820 and surrounding area was annexed by the City of Palm Springs (the “City”) as part of the City of Palm Springs Agreement A3436 for Riverside County Local Agency Formation Commission (LAFCO) Annexation 26 in 1994; and
WHEREAS, the City redesignated and downgraded 20th Avenue from a Major Road Thoroughfare to a Collector Road in the Circulation Element of the 2007 General Plan, reducing the required right-of-way to a width of 60 feet; and WHEREAS, the Restrictive Covenant benefitted the County , as a safety requirement , based on the intention that 20th Avenue would be used as a Major Road Thoroughfare; and
WHEREAS, the Restrictive Covenant burdened Lots 1- 3, 62, and 63 by removing rights of access to 20th Avenue from those lots, other than the general easement of travel; and Item 1F - Page 12
55575.18120\41984674.1

Resolution No. ______________

WHEREAS, the reduction of the ultimate right -of-way for 20 th Avenue makes the Restrictive Covenant applicable to Lots 1-3, 62, and 63, dedicated within said Parcel Map No. 20820, no longer appropriate or necessary; and
WHEREAS the Palm Springs City Council wishes to remise, release, and quitclaim its interest in the Restrictive Covenant on Parcel Map No. 20820, from Lot “A” (20th Avenue); and allow access to Lots 1-3, 62, and Lot 63 from the adjoining northerly right-of-way of 20th Avenue. By quitclaiming such Restrictive Covenant, the Palm Springs City Council intends to terminate the Restrictive Covenant.

THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:

SECTION 1.

The findings and determinations reflected above are true and correct and are incorporated by this reference herein as the cause and foundation for the action taken by and through this Resolution.

SECTION 2. Th e City Council recognizes that Parcel Map No. 20820, approved by the Riverside County Board of Supervisors, and recorded in Map Book 166, Pages 70- 71, dedicated Lot “A” as 20th Avenue with restricted access rights to Lots 1-3, 62, and 63, on September 27, 1990, when said map was within Unincorporated Riverside County SECTION 3. The C ity Council recognizes that Parcel Map No. 20820 and the surrounding sections were annexed by the City of Palm Springs Agreement A3436 for Riverside County Local Agency Formation Commission (LAFCO) Annexation 26 was approved placing PM 20820 within Palm Springs city limits and no longer in unincorporated Riverside County.

SECTION 4. The c
ounty road designation for 20th Avenue changed from a Major Road thoroughfare (100 ft. full right-of-way width) to a Collector Road city road designation (60 ft. full right-of-way width). In Major Road thoroughfares, it is a common practice to restrict or eliminate access rights to lots adjoining the road right -of-way due to safety concerns.

By contrast, the same safety concerns are not present with Collector Roads, as 20 th Avenue is currently designated.

SECTION 5 . T he City Council has considered all evidence submitted concerning the subject Restrictive Covenant shown on Exhibit "A", attached and incorporated herein, and determined that the Restrictive Covenant, is unnecessary for public health and safety , and termination serves the public interest as discussed in the recitals above. Therefore, the City Council remises, releases, and forever quitclaims the Restrictive Covenant as Item 1F - Page 13
55575.18120\41984674.1

Resolution No. ______________

provided in the “Quitclaim of Restrictive Covenant,” attached and incorporated herein as Exhibit “B.”
SECTION 6. The City Clerk is hereby directed to record Exhibit “B” with the Riverside County Recorder.

SECTION 7. Th e City Council hereby determines that the action undertaken by this Resolution releasing and removing restricted access to Lots 1- 3, 62 , and 63, within recorded Parcel Map No. 20820, is exempt from CEQA pursuant to Section 15 061(b)(3) as a common sense exemption. Termination of the Restrictive Covenant burdening Lots 1-3, 62, and 6 3 could not, on its own, cause any impact on the environment because it only provides a right of access without authorizing any development activity.

Section 8. If any provision of this Resolution or the application of any such provision to any person or circumstance is held invalid, such invalidity shall not affect other provisions or applications of this Resolution that can be given effect without the invalid provision or application, and to this end the provisions of this Resolution are severable. The City declares that it would have adopted this Resolution irrespective of the invalidity of any particular portion of this Resolution.

Section 9. The City Clerk shall certify to the passage and adoption of this Resolution. .

Item 1F - Page 14
55575.18120\41984674.1

PASSED, APPROVED AND ADOPTED BY THE PALM SPRINGS CITY COUNCIL THIS _______ DAY OF _____________, 2024.

Item 1F - Page 15
55575.18120\41984674.1

Exhibit A
Restrictive Covenant of Parcel Map No. 20820

Item 1F - Page 16

OWNER ' S STA TEMENT
WE HERE BY STATE THAT WE ARE THE OWNERS OF Tl-IE
LANO I NCLUDED WI THI N THE SUBDIVISION SHOWN HEREON; THAT we AR E THE ONLY PERSONS WHOSE CONSENT l S NECESSARY TO PASS A CLEAR TITLE TO S AJO LANO; THAT WE CONSENT TO THE /1AK I NC ANO RE CORDING OF THIS SUBO IVIS \ON HAP AS SHOWN WI TMIN THE DISTI NCTIVE. 80~0E R LINE- WE HEREBY DEDICATE TO PUBLJC USE FOR STREET ANO PUBLIC UTll ( TY PURPOSES LOTS 11A11 THROUGH 11 G11 INCLUS IVE , AS A CONOtTJON OF DEDICAT ION OF LOT 11 A11 ., 20TH AVENUE., THE OWNERS OF PARCELS/-3 , ~2,b$ ABUTTING THIS HIGHWAY ANO DUR I NG SUCH

TIME WI LL HAVE NO RIGHTS OF ACCESS EXCEPT THE GENERAL EASEMENT OF TRAVEL., ALSO EXCEPTING ONE EACH FOR TY FOOT ACCESS OPENING I N PARCELS } AND 62 AS S HOWN HEREON. ANY CHANGE OF AJ.. IGNMf.NT 0~ WJOTH l'l>IAT RESU LTS I N THE VACATfON THEREOF SHALL TERMf tJATE TH f S CONDIT I ON OF ACCESS AS TO THE PART VACATE D .
55575.18120\41984674.1

EXHIBIT B
Quitclaim of Restrictive Covenant

Item 1F - Page 17
55575.00100\42049979.2

RECORDING REQUESTED BY AND

WHEN RECORDED MAIL TO:

City of Palm Springs
3200 E. Tahquitz Canyon Way
Palm Springs, CA 92262
Attn: City Manager

______________________________________________________________________________ Assessor’s Parcel No. 666-411-003, 004, 011; 666-423-005, 010 Exempt from Recording Fees per Govt. Code §27383 Exempt from Documentary Transfer Tax per Calif. Rev. &
Tax. Code §11922

QUITCLAIM OF RESTRICTIVE COVENANT

FOR A VALUABLE CONSIDERATION, receipt of which is hereby acknowledged, THE CITY OF PALM SPRINGS , a California municipal corporation (“Grantor”) hereby REMISE(S), RELEASE(S) AND FOREVER QUITCLAIM(S) all rights, title, and interest in that certain restrictive covenant benefitting Grantor, regarding rights of access to 20
th Avenue, described as a “condition of dedication of Lot “A” on the Owner’s Statement of Parcel Map 20820, recorded on September 27 th, 1990 in the County of Riverside as Document Number 358731 for the purpose of extinguishing said restrictions from t he burdened real property located in the City of Palm Springs, County of Riverside, State of California, described as:

Parcels 1-3, 62, 63 abutting 20th Avenue, as shown on Parcel Map No. 20820 (No. 358731).

Dated: , 2024 GRANTOR:

THE CITY OF PALM SPRINGS, a California
municipal corporation

Scott C. Stiles, City Manager

Item 1F - Page 18
55575.00100\42049979.2

A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.

ALL-PURPOSE ACKNOWLEDGMENT NOTARY FOR CALIFORNIA

STATE OF CALIFORNIA )

COUNTY OF RIVERSIDE )
On , before me, ,

personally appeared ,

who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

I certify under PENALTY OF PERJURY under the laws of
the State of California that the foregoing paragraph is true and correct.

WITNESS my hand and official seal.

Signature of Notary Public

OPTIONAL

Though the data below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent reattachment of this form.

CAPACITY CLAIMED BY SIGNER DESCRIPTION OF ATTACHED DOCUMENT  Individual
 Corporate Officer

Title(s) Title or Type of Document
 Partner(s)  Limited
 General
 Attorney-In-Fact Number Of Pages
 Trustee(s)
 Guardian/Conservator
 Other:

Signer is representing:

Name Of Person(s) Or Entity(ies)
Date Of Document

Signer(s) Other Than Named Above

Item 1F - Page 19

CITY COUNCIL STAFF REPORT

DATE: MARCH 14, 2024 CONSENT CALENDAR

SUBJECT: A REQUEST BY THE RESPECTIVE OWNERS OF 1850 SMOKE TREE LANE (HSPB 148), 239 TWIN PALMS DRIVE (HD -2), AND 1177 E AST MESQUITE AVENUE (HSPB 144) FOR APPROVAL OF MILLS ACT

HISTORIC PROPERTY PRESERVATION AGREEMENTS

FROM: Scott Stiles, City Manager

BY: Department of Planning Services

SUMMARY:

This is a request for the City of Palm Springs to enter into a standard Mills Act Agreement with the current property owners of each of the following three historic sites:

• 1850 Smoke Tree Lane (The Blankenhorn/Gilmore Residence, HSPB 148); • 239 Twin Palms Drive (an individual condominium in the Royal Hawaiian Estates Historic District, HD-2); and
• 1177 E. Mesquite Avenue (The Hutchens Residence, HSPB 144).

The intent of these contracts is to require maintenance and preservation of the designated sites in exchange for possible property tax relief as determined by the Riverside County tax assessor.

As an effort to update the Mills Act procedures to ensure compliance with state requirements and develop the online submission process, the City had previously paused accepting applications late last year . The updates have been completed and applications are now being accepted through the online application portal. This is the first group of applications that are expected to advance to the City Council over the coming months as staff processes applications that were on hold.

RECOMMENDATION:

1. Approve a Mills Act Historic Property Preservation Agreement between the City of Palm Springs and the owners of the following list of properties:

A. 1850 Smoke Tree Lane (aka 1800 S. Sunrise Way). APN: 510- 104-002, 510-104-006
B. 239 Twin Palms Drive (Royal Hawaiian Estates). APN: 511-070-016 C. 1177 E. Mesquite Avenue. APN: 508-380-022
Item 1G - Page 1
City Council Staff Report
March 14, 2024 -- Page 2
Mills Act Agreements

2. Authorize the City Manager to execute the Agreements.

3. Direct the City Clerk to record the Agreements with the County of Riverside.

BUSINESS PRINCIPAL DISCLOSURES:

The applicants for each Mills Act Agreement are as follows:

1. John Engelman, Thomas Engelman, and Eric Ellenbogen (along with the Smoke Tree HOA) for the Blankenhorn/Gilmore Residence at 1850 Smoke Tree Lane

2. Paul Zanettos and Zoe Zanettos (along with the Royal Hawaiian Estates HOA) for the condominium within Royal Hawaiian Estates Historic District at 239 Twin Palms Drive

3. The David M. Howard Living Trust and The An C. Ly Living Trust for the residence at 1177 E. Mesquite Avenue

STAFF ANALYSIS:

The following chart lists the date and resolution number for each property designated by the City Council:

Address Historic Class Date of
Designation
City Council
Resolution
1850 Smoke Tree Lane Class 1 11/09/2023 25158
239 Twin Palms Drive Contributor in
Historic District
02/03/2010 22657
1177 E. Mesquite Avenue Class 2 03/23/2023 25099

Pursuant to California Government Code Sections 50280 – 50290, upon the application of an owner of any qualified historic property, the legislative body of a city may contract with the owner or agent to restrict the use of the property to carry out the purposes and goals of historic preservation of the property. Such a contract is commonly referred to as a “Mills Act Agreement” and it provides for possible alternative property tax rate calculations in exchange for specific and ongoing preservation and maintenance of the property, specifically its historically significant elements and characteristics.

California Government Code Section 50280.1 denotes that properties are eligible for a Mills Act contract if listed in a state, city, or county official register of historic sites. All three properties were locally designated and listed on the local inventory of historic places, therefore, qualify to apply for a Mills Act Contract.

The images on the following pages show aerial photographs of each of the respective properties under consideration for a Mills Act Contract.

Item 1G - Page 2
City Council Staff Report
March 14, 2024 -- Page 3
Mills Act Agreements

BELOW IS AN AERIAL VIEW OF 1850 SMOKE TREE LANE

BELOW IS AN AERIAL VIEW OF 239 TWIN PALMS DRIVE

Item 1G - Page 3
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March 14, 2024 -- Page 4
Mills Act Agreements

BELOW IS AN AERIAL VIEW OF 1177 E. MESQUITE AVENUE

FISCAL IMPACT:

Approval of this Mills Act contract may result in a decrease in the property tax collected for the subject property.

REVIEWED BY:

Assistant Planning Director: David Newell
Planning Department Director: Christopher Hadwin
Deputy City Manager: Flinn Fagg
City Manager: Scott Stiles

ATTACHMENTS:

A. Vicinity Maps for Each Property
B. City Council Resolution Nos. 25158, 22657, & 25099
C. Owner Letters and Disclosures
D. DRAFT Historic Property Preservation Agreements
Item 1G - Page 4
==-==-==-==-1

ATTACHMENT A
Item 1G - Page 5

Department of Planning Services
Vicinity Map

CITY OF PALM SPRINGS
HSPB #148 – The Blankenhorn/Gilmore Residence
1850 Smoke Tree Lane

Item 1G - Page 6
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Vicinity Map

CITY OF PALM SPRINGS
HD-2 Royal Hawaiian Estates Historic District
239 Twin Palms Drive

Item 1G - Page 7

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Department of Planning Services
Vicinity Map

CITY OF PALM SPRINGS
HSPB #144 – Hutchens Residence
1177 E. Mesquite Avenue

Item 1G - Page 8
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ATTACHMENT B
Item 1G - Page 9
Item 1G - Page 10
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RESOLUTION NO. 25158

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM
SPRINGS, CALIFORNIA, DESIGNATING "THE
BLANKENHORN/GILMORE RESIDENCE" LOCATED AT 1850
SMOKE TREE LANE, A CLASS 1 HISTORIC SITE, (HSPB #148),
APN# 510-104-002, 510-104-006.

THE CITY COUNCIL FINDS AND DETERMINES AS FOLLOWS:

A. WHEREAS, Chapter 8.05 of the Palm Springs Municipal Code allows for the designation of historic sites and districts; and
B. WHEREAS, Eric Ellenbogen, John Engelman and Thomas Engelman, represented by the Palm Springs Preservation Foundation, submitted an application seeking historic site designation of the Blankenhorn/Gilmore Residence located at 1850 Smoke .Tree Lane; and C. WHEREAS, in August, 2023, members of the Historic Site Preservation Board (HSPB) and City staff conducted site inspections of the proposed historic reso·urce; and · D. WHEREAS, on September 5, 2023, a noticed public hearing of the Palm Springs Historic Site Preservation Board to consider Case HSPB #148 was held in accordance with applicable. law; and ,
E. WHEREAS, at the said hearing, the
1 HSPB carefully r~viewed and considered all the
evidence presented in connection with the ~~pring on the project, including, but not limited to, · th~ staff report and all written and oral testir'rfony and voted unanimously to recommend that the ·.C~uncil designate the Blankenho.rn/Gilmore
1 Residence a Glas~ 1 (Landmark) historic resource;
a~ .

F. WHEREAS, on November 9, · 2023, a noticed public hearing of the Palm Springs City Council to consider Case HSPB #148 was held in accordance with applicable law; and ~ ' • -< • •
G. WHEREAS,· at the ·said hearing, the City Council carefully reviewed· and considered all the evidence presented in connection with the hearing on the project, including, but not limited to the staff report and all written and oral testimony.

THE CITY COUNCIL OF THE CITY OF PALM SPRINGS RESOLVES:
, r ' '.•• ' • ' ••
-1. ' .... '
SECTION 1: FINDINGS - PART "A", CRITERIA FOR HISTORIC RESOURCES.

Evaluation of the Application., Pursuant to Municipal C9de Section 8.05.070 (C, 1,a), the City Council ·shall evaluate the application and make findings ·in conformance with the following crite'ria: ·
Criteria for the Designation of Class 1 Historic Resources. A ~ite, · structure, building or object may be designated as a Class 1 historic resource, provide~ both of the following findings ("a" Item 1G - Page 11
Resolution No. 25158

Page 2 of 7 ends

Palm Springs City CouncilMarch 14, 2024

Palm Springs City Council
March 14, 2024