Palo Alto City Council
November 13, 2023

Attachment C
APPROVAL NO. XX-XXXX

RECORD OF THE COUNCIL OF THE CITY OF PALO ALTO LAND USE ACTION FOR 575 LOS TRANCOS ROAD: SITE & DESIGN
[FILE NO. 21PLN-00196]

On November 13, 2023, the City Council approved certification of the Mitigated Negative Declaration ( IS/MND) and Approval of the Site and Design to Allow a new 7,110 sf single-family residence with a new 895 sf Accessory Dwelling Unit and associated site improvements, including a swimming pool, on a 5.38-acre site located at 575 Los Trancos Road, making the following findings, determination and declarations:

SECTION 1. BACKGROUND. The City Council of the City of Palo Alto (“City Council”) finds, determines, and declares as follows:

A. On July 13, 2021, Leonard Ng (LNAI Architecture) on behalf of Innovative Homes, LLC applied for a Site and Design application to allow a new 7,245 sf single-family residence with a new 895 sf Accessory Dwelling Unit and associated site improvements, including a swimming pool.

B. Staff has determined that the proposed project is in compliance with the applicable OS development standards.

C. The City prepared an Initial Study and Mitigated Negative Declaration (ISMND), see Section 2. Environmental Review

D. Following staff review, the Planning and Transportation Commission (Commission) reviewed the project design and the IS/MND on August 31, 2022, and recommended approval.

E. On January 23, 2022, the City Council reviewed the project design and the IS/MND. After hearing public testimony, the Council voted to return the project to the Commission and recommended several design changes

F. Following staff review of the revised project, the Commission reviewed the project design and the Final IS/MND on August 9, 2023, and recommended approval.

G. On November 13, 2023, the City Council reviewed the project design and the IS/MND. After hearing public testimony, the Council voted to approve the project subject to the conditions set forth in Section 4 of this Record of Land Use Action.

SECTION 2. ENVIRONMENTAL REVIEW. In conformance with the California Environmental Quality Act (CEQA), an Initial Study and Mitigated Negative Declaration was certified by the City Council on November 13, 2023. The document (State Clearinghouse No. 2022080380) concluded that the proposed project(s) would not have a significant effect on the environment with mitigation as proposed. The ISMND is available for review on the City’s website:
https
://www.cityofpaloalto.org/Departments/Planning-Development-Services/Current- Item 10
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Planning/Projects/575-Los-Trancos. All mitigation measures as stated in the approved Mitigation Monitoring and Reporting Program (MMRP) have been incorporated into the conditions of approval.

SECTION 3. SITE AND DESIGN OBJECTIVES. The design and architecture of the proposed improvements, as conditioned, complies with the Site and Design Objectives as required in Chapter

18.30.060(G) of the PAMC.

A. Objective (a): To ensure construction and operation of the use in a manner that will be orderly, harmonious, and compatible with existing or potential uses of adjoining or nearby sites.

The proposed use is a single-family house and accessory dwelling unit (ADU) in the Open Space (OS) zoning district, on a property adjacent to other single-family uses. The proposed construction will meet all city requirements for noise, parking, etc. The proposed use is compatible with nearby existing uses.

B. Objective (b): To ensure the desirability of investment, or the conduct of business, research, or educational activities, or other authorized occupations, in the same or adjacent areas.

The proposed uses, a single family residence and ADU, are permitted uses in the OS zoning district, and will not affect the desirability of adjacent areas.

C. Objective (c): To ensure that sound principles of environmental design and ecological balance shall be observed.

The OS zoning district includes regulations to ensure that sound principles of environmental design and ecological balance shall be observed. The proposed design will meet these regulations including:

• Landscaping. Maintaining existing vegetation and land formations to the maximum extent possible. The arborist report surveyed 82 trees in the project vicinity. 5 trees (including 1 protected Coast Live Oak) were identified as dead and will be removed. 10 replacement trees will be planted on site. All other trees in the project vicinity will have tree protection fencing during construction.
• Building location. The proposed development is in a relatively flat area away from adjacent hills or slopes. The house is not expected to be visible from public roadways and is shielded by many mature trees.
• Privacy. The proposed house and ADU will not have views to other residences which would create a privacy impact.
• Architectural materials. Proposed materials fit in the natural landscape, through earth-toned colors and wood and plaster siding.

D. Objective (d): To ensure that the use will be in accord with the Palo Alto Comprehensive Plan.

This property is located in the Streamside Open Space designation. The intention of this designation, in this location is to protect Los Trancos Creek. As stated in the Mitigated Negative Declaration, no direct impacts to the creek would occur as a result of this project. Indirect impacts including runoff and erosion Item 10
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will be addressed through mitigation measures (see Mitigation Measure BIO -3). While this designation does not explicitly allow housing, single-family houses and accessory dwelling units have regularly been built there.

SECTION 4. Open Space Review Criteria.

The following criteria shall be considered in the Site and Design review of all development of land in the OS district, as outlined in the Conservation Element of the Comprehensive Plan:

1. The development should not be visually intrusive from public roadways and public parklands. As much as possible, development should be sited so it is hidden from view.

The proposed structures are located in a naturally low, flat portion of the property. The development will be hidden from view of the street by both elevation and mature trees.

2. Development should be located away from hilltops and designed to not extend above the nearest ridgeline.

The new home and Accessory Dwelling Unit are not located near a hilltop and will not extend above the nearest ridgeline.

3. Site and structure design should take into consideration impacts on privacy and views of neighboring properties.

The proposed structure will not impact privacy, as it is located as a lower elevation than neighboring properties. Any potential views from the second story are also shielded by the existing trees, and the large distances customary to the Open Space district.

4. Development should be clustered, or closely grouped, in relation to the area surrounding it to make it less conspicuous, minimize access roads, and reduce fragmentation of natural habitats.

The proposed development is proposed for a small section of the overall 5.38 acre site. One driveway/access road will provide access to the two dwelling units.

5. Built forms and landscape forms should mimic the natural topography. Building lines should follow the lines of the terrain, and trees and bushes should appear natural from a distance.

The building and related patios and landscaping are isolated to the flat portion of the site. The project proposes to maintain all of the existing protected trees, preserving the natural appearance of the site.

6. Existing trees with a circumference of 37.5 inches, measured 4.5 feet above the ground level, should be preserved and integrated into the site design. Existing vegetation should be retained as much as possible.

All existing trees are proposed to remain, three dead trees have already been removed for safety reasons.

7. Cut is encouraged when it is necessary for geotechnical stability and to enable the development to blend into the natural topography. Fill is generally discouraged and should never be distributed within the driplines of existing trees. Locate development to minimize the need for grading.

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swimming pool.

8. To reduce the need for cut and fill and to reduce potential runoff, large, flat expanses of impervious surfaces should be avoided.

The design of the home and site landscaping have been designed to minimize the need for cut and fill. The entire driveway is designed to be DG and permeable, with impervious areas limited primarily to the building and patios off the building.

9. Buildings should use natural materials and earth tone or subdued colors.

The proposed materials include: horizontal wood siding and slat screens with warm, earth-gray smooth-finished cement plaster, a solid dark gray flat roof, and dark wood toned windows and doors.

10. Landscaping should be native species that require little or no irrigation. Immediately adjacent to structures, fire retardant plants should be used as a fire prevention technique.

The majority of the on site landscaping is existing. Additional planting in the patio areas will use plant materials will be selected for water conservation and low-maintenance characteristics and for fire-resistive properties where adjacent to the home.

11. Exterior lighting should be low-intensity and shielded from view so it is not directly visible from off-site.

Exterior lighting shall be low-intensity (Color Temperature of 2700 Kelvin or less), extinguished at 11:00 PM, and will be shielded from view as to not be directly visible from the street and surrounding properties.

12. Access roads should be of a rural rather than urban character. (Standard curb, gutter, and concrete sidewalk are usually inconsistent with the foothills environment).

The proposed access road is in the existing location, which follows the natural topography, and the proposed decomposed granite material is consistent with a rural character.

13. For development in unincorporated areas, ground coverage should be in general conformance with Palo Alto's Open Space District regulations.

N/A, the project is within Palo Alto city limits.

SECTION 5. Conditions of Approval.

PLANNING DIVISION

1. CONFORMANCE WITH PLANS. Construction and development shall conform to the approved plans entitled, "575 Los Trancos Road, Palo Alto, California, 94304, Private Residence” uploaded to the Palo Alto Online Permitting Services Citizen Portal on October 5, 2021, as modified by these conditions of approval.

2. BUILDING PERMIT. Apply for a building permit and meet any and all conditions of the Planning, Fire, Public Works, and Building Departments.

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3. BUILDING PERMIT PLAN SET. A copy of this cover letter and conditions of approval shall be printed on the second page of the plans submitted for building permit. Project plans submitted for Building permits shall incorporate the following changes:
a. Geotechnical Report shall be updated to reflect the updated site plan

4. MITIGATION MONITORING AND REPORTING PROGRAM. The Mitigation Monitoring and Reporting Program (MMRP) associated with the project and attached here as Exhibit A is incorporated by reference and all mitigation measures shall be implemented as described in said document. Prior to requesting issuance of any related demolition and/or construction permits, the applicant shall meet with the Project Planner to review and ensure compliance with the MMRP, subject to the satisfaction of the Director of Planning and Development Services.

5. PROJECT MODIFICATIONS: All modifications to the approved project shall be submitted for review and approval prior to construction. If during the Building Permit review and construction phase, the project is modified by the applicant, it is the responsibility of the applicant to contact the Planning Division/project planner directly to obtain approval of the project modification. It is the applicant’s responsibility to highlight any proposed changes to the project and to bring it to the project planner’s attention.
a. Any new fencing beyond what is proposed on the plans shall require Staff-level Site and Design review, per PAMC 18.28.070(b). Any new fencing shall not impede wildlife migration.

6. UTILITY LOCATIONS: In no case shall utilities be placed in a location that requires equipment and/or bollards to encroach into a required parking space. In no case shall a pipeline be placed within 10 feet of a proposed tree and/or tree designated to remain.

7. SUDDEN OAK DEATH PREVENTION: The project shall use best practices to prevent Sudden Oak Death; tools shall be disinfected and equipment shall be cleaned prior to coming on site, and no materials shall be relocated to portions of the parcel that are not part of the construction area for any reason.

8. SOILS PROTECTION: Ensure that any excavated soils are not relocated to portions of the parcel that are not part of construction for any reason. There shall be no storage in the riparian setback for any reason.

9. NOISE PRODUCING EQUIPMENT: All noise producing equipment shall be located outside of required setbacks, except they may project 6 feet into the required street side setbacks. In accordance with Section 9.10.030, No person shall produce, suffer or allow to be produced by any machine, animal or device, or any combination of same, on residential property, a noise level more than six dB above the local ambient at any point outside of the property plane.

10. LIGHT AND GLARE. Exterior lighting shall be low-intensity and shielded from view so it is not directly visible from off-site. The light emitted from skylights shall be minimal during the night hours. Utilizing treatments such as translucent glass, shading systems, and interior light placement can reduce the night glare. Skylights shall not use white glass.

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a. To reduce interference with wildlife, outdoor lighting shall be limited to Correlated Color Temperature of 2700 Kelvin or less
b. No outdoor lighting shall be on after 11pm, except to the minimum required for safety.

11. PROJECT ARBORIST. The property owner shall hire a certified arborist to ensure the project conforms to all Planning and Urban Forestry conditions related to landscaping/trees.

12. LANDSCAPE PLAN. Plantings shall be installed in accordance with the approved plan set and shall be permanently maintained and replaced as necessary.

13. ARBORIST FOLLOW UP. A follow-up arborist and/or landscape report shall be required five years after the final sign-off of the project completion. This report shall evaluate the health of trees and significant landscape that were required for screen planting or and/or were designated as protected plantings on the approved plans for the project. Any subsequent owner(s) shall also be obligated to replace any trees that die with trees of the same size and species stated on the approved planning and building permit plans.

14. TREE PROTECTION FENCING. Tree protection fencing shall be required for all trees and shrubs proposed to be maintained as identified in the Arborist Report.

15. ESTIMATED IMPACT FEE: Development Impact Fees, currently estimated in the amount of $85,977.14, per PAMC 16.61.040, shall be paid prior to the issuance of the related building permit.

16. IMPACT FEE 90-DAY PROTEST PERIOD. California Government Code Section 66020 provides that a project applicant who desires to protest the fees, dedications, reservations, or other exactions imposed on a development project must initiate the protest at the time the development project is approved or conditionally approved or within ninety (90) days after the date that fees, dedications, reservations or exactions are imposed on the Project. Additionally, procedural requirements for protesting these development fees, dedications, reservations and exactions are set forth in Government Code Section 66020. IF YOU FAIL TO INITIATE A PROTEST WITHIN THE 90-DAY PERIOD OR FOLLOW THE PROTEST PROCEDURES DESCRIBED IN GOVERNMENT CODE SECTION 66020, YOU

WILL BE BARRED FROM CHALLENGING THE VALIDITY OR REASONABLENESS OF THE FEES, DEDICATIONS, RESERVATIONS, AND EXACTIONS. If these requirements constitute fees, taxes, assessments, dedications, reservations, or other exactions as specified in Government Code Sections 66020(a) or 66021, this is to provide notification that, as of the date of this notice, the 90- day period has begun in which you may protest these requirements. This matter is subject to the California Code of Civil Procedures (CCP) Section 1094.5; the time by which judicial review must be sought is governed by CCP Section 1094.6.

17. PLANNING FINAL INSPECTION. A Planning Division Final inspection will be required to determine substantial compliance with the approved plans prior to the scheduling of a Building Division final.

Any revisions during the building process must be approved by Planning, including but not limited to; materials, fenestration and hard surface locations. Contact your Project Planner, Emily Kallas, at [email protected]
.
a. This inspection shall include verification that the outdoor lighting is installed in compliance with Condition #10.

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18. PERMIT EXPIRATION. The project approval shall be valid for a period of two years from the original date of approval. Application for a one year extension of this entitlement may be made prior to expiration, by emailing the Current Planning Support Staff (Veronica Dao – [email protected]). If a timely extension is not received, or the project has already received an extension and the applicant still wishes to pursue this project, they must first file for a new Planning application and pay the associated fees. This new application will be reviewed for conformance with the regulations in place at that time.

19. INDEMNITY: To the extent permitted by law, the Applicant shall indemnify and hold harmless the City, its City Council, its officers, employees and agents (the “indemnified parties”) from and against any claim, action, or proceeding brought by a third party against the indemnified parties and the applicant to attack, set aside or void, any permit or approval authorized hereby for the Project, including (without limitation) reimbursing the City for its actual attorneys’ fees and costs incurred in defense of the litigation. The City may, in its sole discretion, elect to defend any such action with attorneys of its own choice.

BUILDING DIVISION

20. This project is located West of 280 and shall comply with Wildland Urban Interface requirements per 2019 CA Residential Code.

21. This project is subjected to all electrification per PAMC.

22. Please contact the Building Department for building permit submittal requirements.

PUBLIC WORKS ENGINEERING DIVISION

23. GRADING PERMIT: Separate Excavation and Grading Permit will be required for grading activities on private property that fill, excavate, store or dispose of 100 cubic yards or more based on PAMC Section 16.28.060. Applicant shall prepare and submit an excavation and grading permit to Public Works separately from the building permit set. The permit application and instructions are available on our website: Application: https://www.cityofpaloalto.org/files/assets/public/public- works/engineering-services/webpages/forms-and-permits/grading-permit-application.pdf

24. GRADING & DRAINAGE PLAN: The plan set must include a grading & drainage plan prepared by a licensed professional See the Grading & Drainage Plan Guidelines for New Single Family Residences on the City’s website. https://www.cityofpaloalto.org/files/assets/public/public-works/engineering- services/webpages/forms-and-permits/grading-drainage-residential-guidelines.pdf

25. IMPERVIOUS SURFACE AREA: The Impervious Area Worksheet for Land Developments form shall be completed and submitted with the building permit submittal. The worksheet and instructions are available on our website:
https://www.cityofpaloalto.org/files/assets/public/public-works/engineering- services/webpages/forms-and-permits/impervious-area-worksheet-for-land-developments- 2021.pdf

26. PUBLIC WORKS STANDARDS CONDITIONS: The City's full-sized "Standard Conditions" sheet must be included in the plan set. Copies are available from Public Works on our website:

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https://www.cityofpaloalto.org/files/assets/public/public-works/engineering- services/webpages/forms-and-permits/pw-conditions-sheet-alternative-update-8.7.18.pdf

27. STORM WATER POLLUTION PREVENTION: The City's full-sized "Pollution Prevention - It's Part of the Plan" sheet must be included in the plan set. Copies are available from Public Works on our website: https://www.cityofpaloalto.org/files/assets/public/public-works/engineering- services/webpages/forms-and-permits/rwq_stormwater_plansheet_final_bw.pdf

This project triggers the California Regional Water Quality Control Board’s revised provision C.3 for storm water regulations (incorporated into the Palo Alto Municipal Code, Section 16.11) that apply to residential land development projects that create or replace between 2,500 and 10,000 square feet of impervious surface area. The applicant must implement one or more of the following site design measures on the grading and drainage plan:
• Direct roof runoff into cisterns or rain barrels for reuse. • Direct roof runoff onto vegetated areas.
• Direct runoff from sidewalks, walkways, and/or patios onto vegetated areas. • Direct runoff from driveways and/or uncovered parking lots onto vegetated areas. • Construct sidewalks, walkways, and/or patios with permeable surfaces. • Construct driveways, and/or uncovered parking lots with permeable surfaces

28. SIDEWALK, CURB & GUTTER: As part of this project, the applicant shall replace portions of the existing sidewalk, curbs, gutters or driveway approaches in the public right-of-way along the frontage(s) of the property as required. Contact the Public Works Inspector at 650-496-6929 to arrange a site visit so that the inspector can discuss the extent of replacement work in the public right-of-way. The site plan submitted with the building permit plan set must show the extent of the replacement work. Include a scan copy of the Site Inspection Directive obtained from the Public Works Inspector in the building plan set.

WATERSHED PROTECTION DIVISION

29. Do not use chemicals fertilizers, pesticides, herbicides or commercial soil amendment. Use Organic Materials Review Institute (OMRI) materials and compost. Refer to the Bay-Friendly Landscape Guidelines: http://www.stopwaste.org/resource/brochures/bay-friendly-landscape-guidelines- sustainable-practices-landscape-professional for guidance. Add this bullet as a note to the building plans.

30. Avoid compacting soil in areas that will be unpaved. Add this bullet as a note to the building plans.

SECTION 6. Term of Approval.

Site and Design Approval. The project approval shall be valid for a period of two years from the original date of approval. In the event a building permit(s), if applicable, is not secured for the project within the time limit specified above, the approval shall expire and be of no further force or effect. Application for extension of this entitlement may be made prior to the one year expiration.

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PASSED:

AYES:

NOES:

ABSENT:

ABSTENTIONS:

ATTEST:

City Clerk Mayor

APPROVED AS TO FORM: APPROVED:

__________________________ ____________________________ Senior Assistant City Attorney Director of Planning and Development Services

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EXHIBIT A

MITIGATION MONITORING AND REPORTING PROGRAM

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MITIGATION MONITORING + REPORTING PROGRAM
City of Palo Alto  Mitigation Monitoring + Reporting Program Page | 1

PROJECT NAME 575 Los Trancos Road Residential
Project

APPLICATION
NUMBER
21PLN-00196
APPROVED BY Emily Foley, City of Palo Alto
APPLICANT/OWNER Innovative Homes LLC
John Suppes
412 Olive Avenue, Palo Alto, CA 94306
[email protected]

The Final Initial Study Mitigated Negative Declaration (IS-MND) for the 575 Los Trancos Road Residential Project identifies the mitigation measures that must be implemented to reduce the impacts associated with the project. The California Environmental Quality Act (CEQA) was amended in 1989 to add Section 21081.6, which requires a public agency to adopt a monitoring and reporting program for assessing and ensuring compliance with any required mitigation measures applied to proposed development. As stated in section 21081.6(a)(1) of the Public Resources Code:
... the public agency shall adopt a reporting or monitoring program for the changes made to the project or conditions of project approval, adopted in order to mitigate or avoid significant effects on the environment.

Section 21081.6 also provides general guidelines for implementing mitigation monitoring programs and indicates that specific reporting and/or monitoring requirements, to be enforced during project implementation, shall be defined as part of adopting an IS-MND.

The mitigation monitoring table lists those mitigation measures that would be included as conditions of approval for the project. To ensure that the mitigation measures are properly implemented, a monitoring program has been devised which identifies the timing and responsibility for monitoring each measure.

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MITIGATION MONITORING + REPORTING PROGRAM
City of Palo Alto  Mitigation Monitoring + Reporting Program Page | 2

Environmental
Impact Mitigation Measure Responsible for
Implementation
Timing of
Compliance
Oversight of
Implementation

AIR QUALITY
AQ-1 BAAQMD Basic Construction Mitigation. The property owner or their designee shall implement the following
measures during project construction to reduce dust fall- out emissions:
 All exposed surfaces (e.g., parking areas, staging
areas, soil piles, and graded areas) shall be watered
two times per day.
 All haul trucks transporting soil, sand, or other loose material off-site shall be covered or maintain at least 2 feet of freeboard.
 All visible mud or dirt track-out onto adjacent public roads shall be removed using wet power vacuum
street sweepers at least once per day. The use of dry
power sweeping is prohibited.
 Enclose, cover, water daily or apply non-toxic soil
binders to exposed stockpiles (dirt, sand, etc.)
 All roadways, driveways, and sidewalks to be paved
shall be completed as soon as possible. Building pads
shall be laid as soon as possible after grading unless
seeding or soil binders are used.
 Install sandbags or other erosion control measures
to prevent silt runoff to public roadways.
 Idling times shall be minimized either by shutting
equipment off when not in use or reducing the
maximum idling time to 5 minutes (as required by
the California airborne toxics control measure CCR
Title 13, Section 2485). Clear signage shall be
Project
Applicant/verified
in the field by the
Development
Services
Department
Building Division
Prior to issuance
of grading
permit and
periodically
during
construction
City of Palo Alto
Development
Services
Department
Building Division
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City of Palo Alto  Mitigation Monitoring + Reporting Program Page | 3 Environmental
Impact Mitigation Measure Responsible for
Implementation
Timing of
Compliance
Oversight of
Implementation
provided for construction workers at all access
points.
 All construction equipment shall be maintained and
properly tuned in accordance with manufacturer’s
specifications. All equipment shall be checked by a
certified visible emissions evaluator.
 Post a publicly visible sign with the telephone
number and person to contact at the City of Palo
Alto or construction contractor regarding dust
complaints. This person shall respond and take
corrective action within 48 hours. The air district’s
phone number shall also be visible to ensure
compliance with applicable regulations.

BIOLOGICAL RESOURCES
BIO-1 Worker Environmental Awareness Program (WEAP).

Prior to initiation of construction activities (including staging and mobilization) all personnel associated with project construction shall attend a Worker
Environmental Awareness Program (WEAP) training,
conducted by a qualified biologist, to aid workers in
recognizing special-status resources that may occur in
the construction area. The specifics of this program shall include identification of the sensitive species and
habitats, a description of the regulatory status and
general ecological characteristics of sensitive resources, and review of the limits of construction and measures
required to reduce impacts to biological resources within the work area. A qualified biologist shall prepare a fact sheet conveying this information for distribution to all contractors, their employers, and other personnel
involved with construction. All employees shall sign a
form provided by the trainer indicating they have
attended the WEAP and understand the information
presented to them. The forms from all trainings shall be available to the City upon request to document
compliance.

Project Applicant/
verified in the
field by the
Development
Services
Department
Building Division
Prior to
initiation of
construction
activities
City of Palo Alto
Development
Services
Department
Building Division
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City of Palo Alto  Mitigation Monitoring + Reporting Program Page | 4 Environmental
Impact Mitigation Measure Responsible for
Implementation
Timing of
Compliance
Oversight of
Implementation
BIO-2 Special-Status Plant Species Botanical Surveys. A qualified biologist shall conduct a protocol level botanical survey, including a site visit during the blooming period of the target species in March through July. If the CRPR 1 rank plant is found, the plants shall be avoided by
installing protective fencing and warning construction
personnel of their presence through the WEAP training.

If special-status plants species cannot be avoided,
impacts shall be mitigated at a minimum ratio of 1:1
(number of acres or individuals restored to number of
acres or individuals impacted). A restoration plan shall be prepared and submitted to the City for review and
approval and to CDFW for review. The restoration plan
shall include, at a minimum, the type and area of habitat to be established, restored, enhanced, and/or preserved; goals and objectives of the mitigation project; a
monitoring plan including performance standards and
success criteria; and maintenance activities to occur
during monitoring. The applicant shall implement the
measures prior to commencement of ground
disturbance, tree removal or construction.

Project Applicant/
verified by the
Development
Services
Department
Building Division
Prior to
initiation of
construction
activities; during
restoration if
required
City of Palo Alto
Development
Services
Department
BIO-3 Best Management Practices for Protection of Steelhead and Aquatic Habitat. No vegetation removal, ground
disturbance or construction shall occur within the creek or the 20-foot creek setback zone, which shall be
demarcated with high visibility orange construction
fencing to ensure avoidance of impacts to the aquatic
habitat. Best management practices (BMPs) shall be
developed and implemented during all grading and
construction activities to prevent erosion and
sedimentation into the creek and to prevent the spill of contaminants in or around the creek. The following BMPs shall be included and implemented on-site during
construction to prevent any indirect impacts to aquatic habitat, as well as jurisdictional waters and wetlands:
 Vehicles and equipment shall be checked at least
daily for leaks and maintained in good working
Project Applicant/
verified in the
field by the
Development
Services
Department
Building Division
Prior to
initiation of
construction
activities and
periodically
during
construction
City of Palo Alto
Development
Services
Department
Building Division
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Impact Mitigation Measure Responsible for
Implementation
Timing of
Compliance
Oversight of
Implementation
order. Spill kits shall be available on-site at all times and a spill response plan shall be developed and
implemented.
 Sediment and erosion control measures (e.g., sand
or gravel bags, hay bales, check dams) shall be
implemented and maintained throughout the
project site to prevent the entry of sediment and/or
pollutants into any waterways or jurisdictional areas.

No monofilament plastic may be used for erosion
control materials.

BIO-4 Preconstruction Surveys for California Giant
Salamander, Santa Cruz Black Salamander, Western
Pond Turtle, California Red-Legged Frog, and San
Francisco Garter Snake. A qualified biologist shall
conduct a pre-construction survey within 24 hours of the initiation of project activities. If California Giant
Salamander, Santa Cruz Black Salamander, and/or
Western Pond Turtle are observed the animal shall be
allowed to leave the site on its own. If California Red- Legged Frog, and/or San Francisco garter snake is found, USFWS shall be notified immediately to determine the
correct course of action and the proposed project shall not begin until approved by USFWS.

Prior to ground disturbance, a temporary wildlife
exclusion barrier shall be installed along the limits of disturbance. A qualified biologist shall inspect the area prior to barrier installation. The barrier shall be designed to prevent the target species from entering the project area and will remain in place until all development
activities have been completed. This barrier shall be
inspected daily by a qualified biologist and maintained and repaired as necessary to ensure that it is functional and is not a hazard to the target species on the outer
side of the barrier.

A qualified biologist shall be present during all grading and initial ground disturbing activities. Vegetation
disturbance shall be the minimum necessary to achieve
Project Applicant/
verified by the
Development
Services
Department
Prior to
initiation of
construction
activities; during
grading and
initial ground
disturbing
activities; during
construction if
required
City of Palo Alto
Development
Services
Department
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the goals of the project. Immediately prior to initial
ground disturbance and vegetation removal, a qualified
biologist shall conduct a visual clearance survey.

Vegetation shall be cut to 6 inches in height using hand tools (including string trimmers or chainsaw for brush).

Once the ground is visible, a second visual survey for
target species shall be conducted by the biologist prior to additional ground disturbance.

Should California Giant Salamander, Santa Cruz Black
Salamander, or Western Pond Turtle be observed within
the project site, construction shall be halted in the
vicinity until either the animal exits the site on its own or until a qualified biologist relocates the animal to suitable habitat in the immediate vicinity. Should California Red- Legged Frog, and/or San Francisco garter snake be
observed within the project site, the USFWS shall be
notified immediately and construction shall be halted
until either the animal exits the site on its own or until a qualified biologist with the appropriate USFWS Recovery Permit relocates the animal.

No work shall occur during a rain event over 0.25.” If a rain event occurs, a qualified biologist shall inspect the site again prior to resuming work. All holes and trenches shall be covered at the end of the day or ramped to avoid entrapment
BIO-5
Focused Surveys for Special-Status Bat Species and
Roosting Bat Protection Plan. Prior to tree removal, a
qualified biologist shall conduct a focused survey of all trees to be removed or impacted by construction
activities to determine whether active roosts of special- status bats are present on site. If tree removal is planned for the fall, it is recommended the survey be conducted in September to ensure tree removal would have
adequate time to occur during seasonal periods of bat
activity, as described below. If tree removal is planned for the spring, it is recommended the survey be
conducted during the earliest possible time in March, to Project Applicant/
verified by the
Development
Services
Department
Prior to tree
removal and
during tree
removal if bats
found
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Services
Department
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allow for suitable conditions for both the detection of bats and subsequent tree removal. Trees containing
suitable potential bat roost habitat features shall be
clearly marked or identified.

If day roosts are found to be potentially present, the
biologist shall prepare a site-specific roosting bat
protection plan to be implemented by the contractor
following the City of Palo Alto’s approval. The plan shall incorporate the following guidance as appropriate:
 To the extent possible, trees identified as suitable
roosting habitat shall be removed during seasonal
periods of bat activity, including the following, but
not during maternity season:
o Between September 1 and about October
15, or before evening temperatures fall
below 45 degrees Fahrenheit and/or more
than 0.5 inch of rainfall within 24 hours
occurs.
o Between March 1 and April 15, or after
evening temperatures rise above 45
degrees Fahrenheit and/or no more than

0.5 inch of rainfall within 24 hours occurs.
 If a tree must be removed during the
maternity/breeding season and is identified as
potentially containing a colonial maternity roost,
then a qualified biologist shall conduct acoustic
emergence surveys or implement other appropriate
methods to further evaluate if the roost is an active
maternity roost. Under the biologist’s guidance, the
contractor shall implement measures similar to or
better than the following:
o If it is determined that the roost is not an
active maternity roost, then the roost may
be removed in accordance with the other
requirements of this recommendation.
o If it is found that an active maternity roost
of a colonial roosting species is present, the
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roost shall not be disturbed during the
breeding season (April 15 to August 31).
 Potential colonial hibernation roosts may only be
removed during seasonal periods of bat activity.

Potential non-colonial roosts that cannot be avoided
shall be removed on warm days in late morning to
afternoon when any bats present are likely to be
warm and able to fly. Appropriate methods shall be
used to minimize the potential harm to bats during
tree removal. Such methods may include using a
two-step tree removal process. This method is
conducted over two consecutive days and works by
creating noise and vibration by cutting non-habitat
branches and limbs from habitat trees using
chainsaws only (no excavators or other heavy
machinery) on day one. The noise and vibration
disturbance, together with the visible alteration of
the tree, is very effective in causing bats that emerge nightly to feed to not return to the roost that night.

The remainder of the tree is removed on day two.

BIO-6 Preconstruction Surveys for San Francisco Dusky-Footed Woodrat. A qualified biologist shall conduct a pre-
construction survey for woodrats no more than 14 days
prior to construction. Nests within 50 feet of project
activity that would not be directly impacted by project activity shall be demarcated with a 10-foot avoidance
buffer and left intact. If a nest(s) that cannot be avoided are found during the pre-construction survey, an
approved biologist shall dismantle the nest and relocate it to suitable habitat outside the work area no more than 50 feet away with the goal of ensuring the individuals are allowed to leave the work area(s) unharmed before on
site activities begin. Nest relocation shall occur within 48 hours of construction activities to ensure that nests are not reestablished.

Project Applicant/
verified by the
Development
Services
Department
No more than
14 days prior to
initiation of
construction
activities
City of Palo Alto
Development
Services
Department
BIO-7
Preconstruction Surveys for Nesting Birds. A general
pre-construction nesting bird survey shall be conducted Project Applicant/
verified by the
Within 14 days
prior to the
City of Palo Alto
Development
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by a qualified biologist within 14 days prior to the
initiation of construction activities. If construction is stopped for more than 14 days during the nesting
season, a pre-construction survey shall be conducted
prior to the re-start of construction activities. Surveys shall include the disturbance area plus a 50-foot buffer for passerine species, and a 500-foot buffer for raptors.

If active nests are located, an appropriate avoidance
buffer shall be established within which no work activity would be allowed that would impact these nests. The
avoidance buffer shall be established by the qualified
biologist on a case-by-case basis based on the species
and site conditions. Larger buffers may be required
depending upon the status of the nest and the
construction activities occurring in the vicinity of the nest. The buffer area(s) shall be closed to all construction personnel and equipment until juveniles have fledged
and/or the nest is inactive. A qualified biologist shall confirm that breeding/nesting is complete, and the nest is no longer active prior to removal of the buffer. If work within a buffer area cannot be avoided, then a qualified biologist shall be present to monitor all project activities that occur within the buffer. The biological monitor shall evaluate the nesting avian species for signs of
disturbance and shall have the ability to stop work.

Development
Services
Department
initiation of
construction
activities
Services
Department
BIO-8 Protection of Retained Trees. The project applicant shall adhere to recommendations as described in the arborist
report prepared by Kielty Arborist Services (Kielty
Arborist Services 2021) regarding protection of retained trees. Recommendations include landscape buffers, tree
pruning, root cutting, trenching and excavation,
irrigation, grading, and inspections.

Project Applicant/
verified by the
Development
Services
Department
Prior to issuance
of grading
permit and
during site
preparation
City of Palo Alto
Development
Services
Department

CULTURAL RESOURCES
CR-1 Worker’s Environmental Awareness Program (WEAP).

Prior to project ground disturbance, all construction
personnel and contractors responsible for overseeing
and operating ground-disturbing activities shall be
Project Applicant/
verified by the
Development
Prior to ground
disturbance
City of Palo Alto
Development
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required to receive cultural awareness and sensitivity
training. The purpose of this training is to educate
construction personnel regarding the legal obligations of the project, the types of archaeological deposits that
may be encountered during construction, and the
appropriate procedures required in the event of a
discovery of archaeological resources, paleontological
resources, or human remains. The WEAP shall also
provide cultural sensitivity training to ensure respectful and appropriate behaviors in the vicinity of
archaeological deposits and human remains. The WEAP
shall be implemented by a qualified archaeologist that
meets or exceeds the Secretary of the Interior’s
Professional Qualifications Standards in archaeology.

Services
Department
Services
Department
CR-2 Archaeological and Native American Monitoring. A
qualified archaeologist shall conduct archaeological
monitoring for all project-related ground disturbing
activities. Archaeological monitoring shall be performed under the direction of an archaeologist meeting the
Secretary of the Interior’s Professional Qualification
Standards for archaeology (National Park Service 1983).

Locally affiliated Native American tribes shall be given the opportunity to conduct Native American monitoring.

In the event that Native American monitoring occurs, a
locally affiliated tribal member shall monitor all project- related ground disturbing activities. The monitor(s) will have the authority to halt and redirect work should any archaeological resources be identified during monitoring.

If archaeological resources are encountered during
ground-disturbing activities, work in the immediate area must halt and the find evaluated for listing in the CRHR.

Archaeological monitoring may be reduced to spot-
checking or eliminated at the discretion of the monitors, in consultation with the lead agency, as warranted by
conditions such as encountering bedrock, sediments
being excavated are fill, or negative findings during the first 60 percent of rough grading. If monitoring is
reduced to spot-checking, spot-checking shall occur
Project Applicant/
verified by the
Development
Services
Department
During ground
disturbing
activities
City of Palo Alto
Development
Services
Department
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when ground-disturbance moves to a new location
within the project area and when ground disturbance will extend to depths not previously reached (unless those
depths are within bedrock).

CR-3 Unanticipated Discovery of Cultural or Tribal Cultural Resources. In the event that archaeological resources are unexpectedly encountered during ground-disturbing
activities, work in the immediate area shall be halted and an archaeologist meeting the Secretary of the Interior’s Professional Qualifications Standards for archeology
(National Park Service 1983) shall be contacted
immediately to evaluate the find. If the find is Native American in origin, then a Native American
representative shall also be contacted to participate in the evaluation of the find. The qualified archaeologist, and, if applicable, the Native American representative, shall examine the find and make appropriate
recommendations regarding additional work necessary
to evaluate the significance of the find and the
appropriate treatment of the resource. All cultural
resources identified shall be evaluated for CRHR
eligibility and local listing. Additional work may be
necessary to evaluate the resource for inclusion in the CRHR or local listing. Recommendations could include,
but are not limited to, invasive or non-invasive testing, sampling, laboratory analysis, preservation in place, or data recovery. A report of findings documenting any data recovered during monitoring shall be prepared by a
qualified archaeologist and submitted to the Director of Planning. If the discovery is determined to be Native
American in nature, the on-site Native American
monitor, if applicable, shall be consulted to determine the appropriate treatment of the resource. In the event that no Native American monitor is contracted, locally
affiliated Native American tribes shall be invited to
consult regarding the appropriate treatment of any
Native American resources identified during project
construction.

Project Applicant/
verified by the
Development
Services
Department
During ground
disturbing
activities
City of Palo Alto
Development
Services
Department
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GEOLOGY/SOILS
GEO-1 Geotechnical Design Considerations. The project plans submitted for building permit approval shall incorporate the design recommendations outlined in the
Geotechnical Study prepared by Earth Systems on April
9, 2021, or any other design feature or measure shown
to equivalently reduce impacts associated with geology
and soils to the satisfaction of the Director of Public Works. These include recommendations under the
categories of:
 General site preparation
 Compaction
 Fill
 Mat slab foundations
 Post-tensioned slab foundations
 Interior slab-on-grade construction
 Exterior flatwork
 Swimming pool
 Utility trench backfills
 Management of site drainage and finish
improvements
 Geotechnical observation and testing
Refer to the Geotechnical Study for full detail
recommendations for each of the abovementioned
categories.

Project Applicant/
verified by the
Development
Services
Department
Building Division
Prior to issuance
of building
permit
City of Palo Alto
Development
Services
Department
GEO-2
Discovery of Previously Unidentified Paleontological
Resources. In the event a fossil is uncovered during
Project construction, all work shall cease until a certified paleontologist can investigate the finds and make
appropriate recommendations. Any artifacts uncovered
shall be recorded and removed for storage at a location to be determined by the monitor.

Project Applicant/
verified by the
Development
Services
Department
During
construction
activities
City of Palo Alto
Development
Services
Department

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If you need assistance reviewing the above documents, please contact the Project Planner or call the Planner-on-Duty at 650-617-3117 or email [email protected]
Project Plans
In order to reduce paper consumption, a limited number of hard copy project plans are provided to Council members for their review. The same plans are available to the public, at all hours of the day, via the following online resources.

Environmental Document
An Initial Study / Mitigated Negative Declaration has been prepared for this project. In accordance with CEQA Guideline Section 15073, this document was circulated for a 30-day circulation period beginning August 17, 2022 and ending on September 16, 2022. A Final Initial Study / Mitigated Negative Declaration is now available.

Directions to review Project plans and environmental documents online:

1. Go to: bit.ly/PApendingprojects

2. Scroll down to find “575 Los Trancos” and click the address link

3. On this project-specific webpage you will find a link to the project plans and other important information
Direct Link to Project Webpage:
https://www.cityofpaloalto.org/Events-Directory/Planning-and-Development-Services/575-Los- Trancos
Materials Boards:

Color and material boards will be available to view in chambers during the hearing.

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City Council
Staff Report
From: City Manager
Report Type: INFORMATION REPORTS
Lead Department: Public Works
Meeting Date: November 13, 2023
Report #:2308-1901
TITLE
Quarterly Informational Report on Sustainability and Climate Action Plan (S/CAP) Implementation; CEQA status – Not a Project.

RECOMMENDATION
No Council action is required. This is an update on Sustainability and Climate Action Plan (S/CAP) Implementation Progress through the third quarter of calendar year 2023.

This report provides a status of numerous S/CAP Workplan items and is provided to give the City Council and public an initial overview of this work since the S/CAP was adopted by Council in June of 2023.

EXECUTIVE SUMMARY
Consistent with Council’s adoption of “Climate Change & Natural Environment: Protection and Adaptation” as one of the four priorities for calendar year 2023, staff updated the Sustainability and Climate Action Plan (S/CAP) to help the City meet its sustainability goals, including its goals of reducing greenhouse gas (GHG) emissions 80 percent below 1990 levels by 2030 (the “80 x 30” goal) and achieving carbon neutrality by 2030.

In June 2023, Council adopted the 2022 Sustainability and Climate Action Plan, certified the Comprehensive Plan Environmental Impact Report Addendum: Update to the Sustainability and Climate Action Plan, and accepted the 2023-2025 S/CAP Workplan.1 Since the 2022 S/CAP was adopted, the city has made progress in implementation of the S/CAP Key Actions and the 2023-2025 S/CAP Workplan items. The S/CAP Goals and Key Actions are divided into eight areas, four of which are climate-focused and include actions to achieve the City’s 80 x 30 and carbon neutrality by 2030 goals (Climate Action, Energy, Electric Vehicles, and 1 City Council, June 5, 2023; Agenda Item #14; SR #2303-1158 https://www.cityofpaloalto.org/files/assets/public/v/1/agendas-minutes-reports/agendas-minutes/city-council- agendas-minutes/2023/20230605-item14-scap/mini-packet_city-council-special- meeting_20230526171309606.pdf
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Mobility) and four of which are focused on actions that create a sustainable natural environment and adapting to a warming climate (Water, Climate Adaptation & Sea Level Rise, Natural Environment, and Zero Waste). The Work plan is similarly divided between climate- focused and sustainability-focused priorities.

This is the first of what will be quarterly S/CAP Implementation updates, including the annual Earth Day report and study session that will also include an updated greenhouse gas inventory, progress towards S/CAP Goals, and key performance indicators. Highlights of Q3 2023 progress include:
•Climate Action
oAs of September 28, 2023, 115 residents have signed contracts to participate in the full-service Heat Pump Water Heater Pilot Program, with another 225 residents in the assessment / estimation process. In addition, 37 residents have installed heat pump water heaters on their own, receiving a rebate from the City.
oStaff began design of the first grid modernization project (upgrade of the neighborhood bounded by Highway 101, Embarcadero, Louis, and Amarillo) with construction expected to be completed in the first half of calendar year 2024. oAn RFP has been issued for a study (the “S/CAP Funding Study”) to estimate the cost of achieving the 80x30 goal and potential funding and financing sources. oStaff began design work on several programs, including a commercial rooftop HVAC advanced pilot program, an expansion of the heat pump water heater program, a whole home electrification program, and expansion of the City’s multi-family EV charger program.
oStaff completed 22 Electric Vehicle (EV) and e-bike workshops and events so far in 2023, with another 8 planned.
oPalo Alto Link, the City’s newly launched eco-friendly rideshare service, is encouraging residents to choose shared transit over high-emissions emissions single occupancy vehicles, leading to an estimated 43% reduction in CO2 emissions, assuming passengers are choosing Palo Alto Link in lieu of private single occupancy vehicles to complete the same trip.
oTwenty-one City internal combustion engine fleet vehicles are planned to be replaced with electric vehicles through approved vehicle replacement capital improvement projects in Fiscal Year 2024.
•Sustainability
oSo far this year, the City has held 8 landscape workshops on topics including rainwater, harvesting, drought-tolerant landscape design, lawn conversion, and information on available rebates.
oThe Sea Level Rise Adaptation Plan will be coordinated with the levee improvements around Palo Alto’s Bay shoreline (known as the Shoreline II Project), and the Palo Alto Flood Basin Tide Gate Replacement Project. Staff is working on sea level rise and shallow groundwater mapping tools for staff planning use.

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oStaff is working on various efforts related to improving the City’s Foothills fire management planning in collaboration with Santa Clara County and other allied agencies and entities.

BACKGROUND
In April 2016, City Council adopted the goal of reducing GHG emissions 80 percent below 1990 levels by 20302 (the “80 x 30” goal), and in October 2022 Council adopted the ambitious goal of achieving carbon neutrality by 20303. Staff, with community and Council input, referred to the 2016 Sustainability and Climate Action Plan (S/CAP) Framework and 2018-2020 Sustainability Implementation Plan to create a comprehensive S/CAP and Three- Year S/CAP Workplan.

In June 2023, Council adopted the 2022 Sustainability and Climate Action Plan4, certified the Comprehensive Plan Environmental Impact Report Addendum: Update to the Sustainability and Climate Action Plan5, and accepted the 2023-2025 S/CAP Workplan6.

The 2022 S/CAP and 2023-2025 S/CAP Work Plan align with one of the four Council Priorities for CY 2023: “Climate Change & Natural Environment: Protection and Adaptation”. In addition, there are several overlapping Council Priority Objectives, the status of which can be found in the 2023 Council Priority Objectives Q3 Report7.

The S/CAP is an ambitious plan to reduce the City and community’s GHG emissions, while also guiding how Palo Alto uses land and natural resources in ways that ensure quality of life for future generations. The S/CAP lists the detailed actions needed to achieve the City’s 80x30 goal but does not provide guidance on task prioritization or implementation timeline. The 2023- 2025 S/CAP Work Plan is meant to guide staff efforts on the S/CAP through 2025 by prioritizing and providing more detail on implementation of the S/CAP.

ANALYSIS
2 City Council, April 18, 2016; Agenda Item #10; SR #6754, https://www.cityofpaloalto.org/files/assets/public/agendas-minutes-reports/reports/city-manager-reports- cmrs/year-archive/2016/id-6754.pdf
3 City Council, October 3, 2022; Agenda Item #9; SR #14720, https://www.cityofpaloalto.org/files/assets/public/agendas-minutes-reports/agendas-minutes/city-council- agendas-minutes/2022/20221003/20221003accsm-amended-presentations.pdf#page=131 4 2022 Sustainability and Climate Action Plan;
https://www.cityofpaloalto.org/files/assets/public/v/1/sustainability/reports/2022-scap-report_final.pdf 5 Comprehensive Plan Environmental Impact Report Addendum: Update to the Sustainability and Climate Action Plan, 2023; https://www.cityofpaloalto.org/files/assets/public/v/1/agendas-minutes-reports/agendas- minutes/city-council-agendas-minutes/2023/2023comprehensive-plan-environmental-impact-report-addendum- update-to-the-scap.pdf
6 2023-2025 S/CAP Workplan, 2023;
https://www.cityofpaloalto.org/files/assets/public/v/1/sustainability/reports/2023-2025-scap-work-plan_final.pdf 7 City Council, October 23, 2023; Agenda Item #8; SR #2310-2020, https://cityofpaloalto.primegov.com/Portal/Meeting?meetingTemplateId=13044 Item 11
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The City is fully committed to a sustainable future. The City owns, operates, and maintains a full-service utilities portfolio that provides electric, natural gas, fiber, water, refuse, and wastewater services to residents and businesses in Palo Alto. Palo Alto’s continued leadership in advancing sustainability commitments has succeeded mainly because of the continued collaboration of community stakeholders, City departments, and the leadership of the City Council.

The S/CAP Goals and Key Actions are divided into eight areas, four of which are climate-focused and include actions to achieve the City’s 80 x 30 and carbon neutrality by 2030 goals (Climate Action, Energy, Electric Vehicles, and Mobility) and four of which are focused on actions that create a sustainable natural environment and adapting to a warming climate (Water, Climate Adaptation & Sea Level Rise, Natural Environment, and Zero Waste). The Work Plan is similarly divided between climate-focused and sustainability-focused priorities.

Climate Action
Covering the S/CAP Areas of Climate Action, Energy, Electric Vehicles, and Mobility, this section reports on progress based on the Work Plan Climate Action Priority areas.

P1. Grid Modernization
The focus of Priority 1 is to complete the grid modernization plan and begin construction to increase reliability and transformer capacity for electrification. The City’s grid modernization project is meant to prepare the grid for widespread electrification in support of the S/CAP 80 x 30 goal, as well as to improve reliability, replace aging infrastructure, and modernize the grid to accommodate higher penetration of solar, storage, and other technologies. The first phase of the grid modernization study is complete. Design of the first neighborhood upgrade for grid modernization is underway, with construction expected to start in early 2024 and be completed in the first half of 2024.

Staff also began development of a Reliability and Resiliency strategic plan, which is divided into four components. In September, Staff discussed the scope of the study with the Utilities Advisory Commission.8 Two components of the study are expected to be completed by the end of 2023, but aspects related to home and neighborhood resiliency and efficient electrification will extend into 2024.

P2. Launch Programs
The focus of Priority 2 is to launch effective programs for emissions reductions with the highest impact and lowest cost such as single-family electrification, strategic promotion of EVs, commercial rooftop HVAC, and expanded transportation alternatives. 8 Utilities Advisory Commission, September 6, 2023; Agenda Item #4, SR #2308-1934, https://www.cityofpaloalto.org/files/assets/public/v/1/agendas-minutes-reports/agendas-minutes/utilities- advisory-commission/archived-agenda-and-minutes/agendas-and-minutes-2023/09-sep-2023/09-06-2023-uac- packet.pdf
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P2.1. Residential Emissions Reduction
•Staff launched the Full-Service Heat Pump Water Heater (HPWH) Pilot Program in March 2023. As of September 28, 2023, 115 residents had signed contracts to participate, with another 225 in the assessment / estimation process. New interest in the program is 5-15 new signups per week, but a significantly higher rate of new signups is needed to generate 20 installations per week, the amount needed to reach 1,000 HPWH installations in a single year. Staff continues to expand outreach. Staff is analyzing how to transition the pilot to a full-scale program and expand it to include all gas appliances.

A more up-to-date status of the HPWH Pilot Program can be found in Attachment A:

HPWH Next Steps, which was presented to the S/CAP Ad Hoc Committee on October 20, 2023.
•Staff held 22 Electric Vehicle (EV) and e-bike workshops and events in 2023 so far, with another 8 planned. Events have included two EV Expos, three financial incentive clinics in multiple languages (Spanish, Vietnamese, Russian, Mandarin and Cantonese), a month-long EV discount campaign, two e-bike workshops, an e-bike test ride event, and two e-bike discount campaigns.
•Staff continues to build out EV infrastructure and expand access in affordable housing and multi-family buildings. Currently there are active EV charger projects in progress or completed in 18 multi-family buildings, representing 948 units (nearly 9% of multi-family units).
•A whole home electrification program is currently in design and expected to be available in early 2024.

P2.2. Non-Residential Emissions Reduction
•In September 2023, staff presented ideas and concepts to the S/CAP Ad Hoc Committee and S/CAP Working Group for a commercial pilot program to electrify heating, ventilation, and air conditioning (HVAC) units. Staff is working on economic analysis and program design, with the goal of releasing an RFP for a program operator by early 2024.

P2.3. Citywide Mobility
•In March 2023, the Office of Transportation launched Palo Alto Link, an eco-friendly rideshare service. As of September 2023, Palo Alto Link has completed 23,700 rides with 2,960 unique riders. Since its launch in March, the average number of rides per week has increased steadily, completing 47% more rides in August than March. Palo Alto Link ridership is high among those who traditionally lack high-quality mobility options, with 40% of riders qualifying for discounted fares, including youth, seniors, and low-income and disabled individuals. Palo Alto Link is encouraging residents to choose shared transit over high-emissions emissions single occupancy vehicles, leading to an estimated 43% reduction in CO2 emissions, assuming passengers are choosing Palo Alto Link in lieu of private single occupancy vehicles to complete the same trip. •In June 2023, Council approved a contract with the consultant Kittelson & Associates to assist with the update of the City’s Bicycle and Pedestrian Transportation Plan, which Item 11
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was last updated in 2012. Entitled “Active Palo Alto”, the project is underway and is expected to be completed in 2025.
•Improving safety for vulnerable road users is key to reducing vehicle miles traveled (VMT) and growing green travel mode shares. In June 2023, Council approved a $200,000 Safe Streets for All grant agreement with the Federal Highway Administration to develop a road safety plan - Safer Palo Alto - using the Safe System Approach. The Safe System Approach involves improving the safety culture, increasing collaboration across all safety stakeholders, and refocusing transportation system design and operation on anticipating human mistakes and lessening impact forces to reduce crash severity and save lives. Due to similar project timelines, coordination of community engagement for both Active Palo Alto and Safer Palo Alto is ongoing, including sharing a road safety survey and interactive map that are available online through November 2023. With support from consultant Fehr & Peers, Safer Palo Alto plan development is expected to be completed in late 2024.

P2.4. Municipal Electrification
•The Facility Electrification Assessment Plan is almost complete. Staff is currently evaluating the feasibility of electrifying equipment at City Facilities each time aging equipment requires replacement.
•Staff has identified City internal combustion engine fleet vehicles that can be replaced with electric vehicles. There are currently 14 EVs in the City fleet. An additional 21 EVs are planned to be added in FY 2024, and Council is expected to consider approving funding for additional EV replacements during the FY 2024 midyear budget review. •There are currently 92 City owned EV chargers, for a total of 127 charging ports. Only 6 of those chargers are dedicated to City vehicles, while the rest are primarily for public use. Staff is currently testing a low-cost EV charger solution that could be used for future employee charging locations.

P2.5. EV Strategic Plan
•In June 2023, Council approved policy guidelines for an Electric Vehicle Strategic Plan.

Staff discussed the scope of the study with the S/CAP Ad Hoc Committee and S/CAP Working Group in August 2023 and released a consultant RFP soon after. The goal is to get a consulting contract approved by Council by the end of 2023. This plan is part of the S/CAP Funding Study (see P5. Funding Needs and Sources).

P3. Build Awareness and Confidence
The focus of Priority 3 is to build community awareness and confidence in electrification through engagement, addressing concerns, and program results. •As the focus of the S/CAP work has shifted from development to implementation, the S/CAP Ad Hoc Committee and S/CAP Working Group have been the primary venues for public engagement. In addition, Staff has developed and is implementing a comprehensive outreach plan for the Full-Service Heat Pump Water Heater Pilot Program. Staff is developing an Electrification Outreach Plan as well as a comprehensive Item 11
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S/CAP Implementation Outreach Plan, including development of a community toolkit to engage volunteers to help promote the City’s sustainability programs. •Youth outreach and engagement is a key component of both the Electrification Outreach Plan and the overall sustainability and climate action communications strategy. Staff initiated a “Climate Action & Youth Engagement” special project to develop a strategy to engage youth in implementation of the S/CAP and its associated initiatives, and partner with Palo Alto Unified School District to develop a strategy to educate PAUSD students about the benefits of climate action and the various City programs supporting climate action. Staff has also had on-going discussions with leadership of the Palo Alto Student Climate Coalition on best ways to partner on sustainability and climate action.
•Staff continues to publish a monthly Climate Action Blog and a Sustainability Newsletter.

The Sustainability Newsletter has a 51.6% open rate, which is the percentage of readers that open the e-mail you send them. The average open rate for electronic newsletters is 21%.
•Staff worked with students from a Stanford University Sustainable Cities course to establish baseline data on Palo Alto residents and business owners’ opinions on climate change in general, knowledge of the S/CAP, and priorities for S/CAP implementation.

Staff also included sustainability questions in the annual citywide survey.

P4. Additional Emissions Reductions
The focus of Priority 4 is to identify an additional 9% in emissions reduction opportunities to achieve 80 x 30.
•Staff is developing a comprehensive plan to gather ideas from community members and experts about new technologies and potential approaches to additional emissions reductions in Palo Alto. Staff has held several meetings with Stanford University and more work will be done when the S/CAP Funding Study is completed. •As part of the S/CAP Funding Study, staff plans on identifying potential building electrification measures for commercial and multi-family buildings and to prioritize the most cost-effective approaches to achieving the additional emissions reductions needed to achieve 80 x 30.

P5. Funding Needs and Sources
The focus of Priority 5 is to identify, by 2024, funding needed and potential funding sources for full scale implementation of the highest impact emissions reductions. •Staff released an RFP for a consultant to complete a study of the cost of achieving 80 x 30 and potential funding and financing sources. This study will include development of additional emissions reduction measures, particularly in the non-residential and multi- family sectors, and an EV Strategic Plan. As part of this study, staff will also develop a City resource needs assessments. The study will build on the completed Affordability Study model, which was developed by a consultant for City staff use. •Staff is also working to retain consulting services to develop a model of the gas system in order to conduct analyses of future gas infrastructure requirements and evaluate Item 11
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potential impacts of future modifications to the gas system. Utilities staff has started to prepare an RFP to retain consulting services and anticipates commencing work on the model development during the first half of 2024. A staff member has been assigned to manage the development of the RFP, but staff are still being identified for management of the gas conversion program.

Sustainability
The Sustainability section of the work plan includes the following S/CAP Areas: Water, Climate Adaptation & Sea Level Rise, Natural Environment, and Zero Waste.

Water: Further Water Conservation
The near-term focus for water is reducing water consumption while exploring ways to capture and store water and increase the availability and use of recycled water. •So far this year, the City has held 8 landscape workshops on topics including rainwater harvesting, drought-tolerant landscape design, lawn conversion, and information on available rebates. The Utilities Department tabled at 5 neighborhood events to educate residents on water efficiency programs and rebates. The Utilities Department also provides the WaterSmart water management tool which provides residents information about their water consumption and personalized water conservation recommendations.

To date, 16% of customers have accessed the portal.
•Staff is planning on building a salt removal facility for the Regional Water Quality Control Plant. Design for the facility is complete. Council approved the finance plan and going out to bid for construction in 2024.
•Staff is currently developing a “One Water” portfolio for Palo Alto, with input from community stakeholders and the Utilities Advisory Commission, which includes stormwater, recycled water, on-site reuse, conservation, and groundwater.

Climate Adaptation and Sea Level Rise: Prepare for Climate Change The near-term focus for Climate Adaptation and Sea Level Rise is to develop and adopt a multi- year Sea Level Rise Adaptation Plan and minimize wildland fire hazards through Foothills Fire Management Plan implementation, zoning, and collaborating with Fire agencies. •The Sea Level Rise Adaptation Plan will be coordinated with the levee improvements around Palo Alto’s Bay shoreline (known as the Shoreline II Project), and the Palo Alto Flood Basin Tide Gate Replacement Project. Staff is currently reviewing a memo from the U.S. Army Corps of Engineers on Palo Alto specific conditions, which could affect funding opportunities. Concurrently, staff is working on sea level rise and shallow groundwater mapping tools for staff planning use.
•The Newell Road Bridge Replacement project is led by City staff in partnership with East Palo Alto, Valley Water, and the San Francisquito Creek Joint Powers Authority (SFCJPA).

Replacing the Newell Road Bridge is the first step in a series of Reach 2 projects necessary to minimize flooding risk from San Francisquito Creek. Staff is working to secure right-of-way certifications, permits, and Caltrans funding through the Highway Bridge Program, to begin construction in spring 2024.

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•Staff continues to work with the SFCJPA and its member agencies to coordinate other Reach 2 projects with the Newell Road Bridge Replacement project. The remaining projects are on hold pending creek model redesign based on recent winter storm results. SFCJPA hired a consultant for a third-party review of the hydraulic model for the Reach 2 project design work in September.
•Staff is working on various efforts related to improving the City’s Foothills fire management planning in collaboration with Santa Clara County and other allied agencies and entities. Efforts include not only emergency planning, but also early warning technology, and updating operational and procedural elements within the City organization to mitigate the risks associated with a fire in the foothills. The Office of Emergency Services (OES) continues to participate in the South Bay Incident Management Team, lead a multi-departmental Foothills Fire Management Plan group, and lead the Silicon Valley Homeland Security Coordination Group. Equipment improvements include early fire detection, thanks to a partnership with alertwildfire.org. OES is also working on the deployment of solar battery back-up improvements in key locations to keep equipment online when electricity may be disrupted or disconnected during a fire.

Natural Environment: Enhance Biodiversity
The near-term focus for Natural Environment is to increase Palo Alto’s Tree Canopy, reduce pesticide usage in parks and open space preserves, and support the Green Stormwater Infrastructure Plan and incorporate it in municipal projects. •In June 2023, Council held a study session reviewing the implementation of the revised Tree Protection Ordinance to date. Staff is evaluating feedback from the study session and will review potential improvements to the ordinance with the Planning and Transportation Commission and the Parks and Recreation Commission before returning to Council.

Zero Waste: Support Waste Reduction
The near-term focus for Zero Waste is to encourage food waste reduction, prevention, and recovery and provide waste prevention technical assistance; eliminate single-use disposable containers; and prioritize domestic processing of recyclable materials. •Staff launched a new Zero Waste Living outreach campaign. New educational information was incorporated into utility bill inserts, newspaper printed and digital ads, and social media.
•Staff is developing waste prevention outreach tools and technical assistance for the commercial sector. The program will launch in 2024.
•Staff is evaluating the cost and effectiveness of the current Deconstruction and Construction Materials Management Ordinance. In collaboration with multiple departments, staff is considering expanding the types of covered projects or increasing diversion requirements, as well as considering including new requirements in the next Reach Code Cycle to be implemented in January 2026.

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FISCAL/RESOURCE IMPACT
Initiatives will be managed and funded across various departments and funds. The Fiscal Year 2024 work items in the 2023-2025 draft S/CAP Work Plan can proceed with the actions approved in the Fiscal Year 2024 Adopted Budget. Staff expects to submit additional resource requests as part of the annual budget process in subsequent years as the work plan proceeds.

Some items in other work plans are also relevant to the S/CAP Work Plan. The Utilities Strategic Plan, for example, includes workforce development and advanced metering infrastructure (AMI) work items that are directly relevant to the S/CAP. Some of these may involve future budget requests as well.

STAKEHOLDER ENGAGEMENT
Stakeholder engagement on S/CAP implementation is wide-reaching and coordinated with multiple departments. Efforts include direct engagement, webinars, social media and other digital marketing/outreach, website updates, public signage, Ad Hoc Committee meeting participation, leveraging the City’s communication platforms, and more. Stakeholder engagement efforts were described in the Analysis section, under P3. Build Awareness and Confidence.

ENVIRONMENTAL REVIEW
This report is for informational purposes only with no action required by the Council, and therefore it is not a project subject to review under the California Environmental Quality Act (CEQA).

ATTACHMENTS
Attachment A: Heat Pump Water Heater Program Next Steps APPROVED BY:

Brad Eggleston, Director Public Works/City Engineer
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Heat Pump
Water Heater
Advanced Pilot:

Next Steps
S/CAP Committee
October 20, 2023
cityofpaloalto.org/ClimateAction Acting Now for a Resilient Future Item 11
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2 2cityofpaloalto.org/ClimateAction Acting Now for A Resilient Future 2 Current Program Status
• Program Statistics (as of October 12, 2023):
– 571 signups
– 184 (32%) stopped responding or dropped out before getting an estimate – 100 more participants are still active, but are earlier in the process – 287 have received an estimate
– 148 of these (about 50%) chose to move forward, with 101 installs completed – In addition, 33 people managed their own install and received a rebate – TOTAL TO-DATE: 134 installs completed (with 47 more pending) • Insights:
– Challenges with staffing early in the program led to delays and dropouts – More post-estimate follow-up is needed to help people choose to move forward with their install - increase “take rate” from 50% Item 11
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3 3cityofpaloalto.org/ClimateAction Acting Now for A Resilient Future 3 Current Program Status
• Recent performance (July through September)
– 8-9 average weekly new participants
– 4-5 weeks from signup to receiving an estimate, on average, for 2/3 of projects. • 1/3 of Jul-Sep signups do not have an estimate yet after 41 days (on average) – About 1/3 of participants are dropping out before receiving an estimate • Per program operator, this is a good dropout rate compared to other programs they run – Staff estimates this pace would result in 3-4 installs / week (about 150-200 per year, or 12% to 20% of all water heaters installed each year) • Insights
– Generating leads is the biggest challenge
– More work is needed on the participant intake process to reduce dropouts – Better post-estimate follow-up could also help
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4 4cityofpaloalto.org/ClimateAction Acting Now for A Resilient Future 4 Current Program Status – Customer Satisfaction
• Of 118 confirmed dropouts from program start, reasons included:
– needed to move faster than program could accommodate (31 people) – cost (21 people)
– other (35 people)
– unknown reason (31 people)
• Post-install customer survey (about 20% response rate) – 100% cited the easiness of the program as their reason for participation – 80% said their experience with contractor was easy or very easy – High ratings for contractor quality, timeliness, and professionalism – 85% were satisfied or very satisfied with the value they got for what they paid Item 11
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5 5cityofpaloalto.org/ClimateAction Acting Now for A Resilient Future 5 Current Program Status – Customer Satisfaction
• Cost may not be the primary driver – cost for those who moved forward not significantly different
1st Quartile
(cheapest
25%)
4th Quartile
(most costly
25%)
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6 6cityofpaloalto.org/ClimateAction Acting Now for A Resilient Future 6 Electrification Outreach Plan Status
• Steadily ramping up. Implemented to-date:
– Utility bill inserts July, October
– Uplift Local, Utilities E-Newsletter, and Sustainability Newsletter outreach – Facebook and Instagram posts, social platform advertising – 350 Canvassing
– Google Ads – first set of ads to gauge which messages work best for each audience • Results: Doubled weekly signups (from 0-5 per week to 5-10 per week) • Upcoming outreach and resources:
– More bill inserts, newsletters, social posts and advertisements – Google Ads – Click to Call campaign and audience-targeted ad campaign using lessons learned in first run – Palo Alto Online advertising
– Community toolkit and student engagement
– Outreach at Development Center
– Gather testimonials from customer surveys
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7 7cityofpaloalto.org/ClimateAction Acting Now for A Resilient Future 7 Current Program Status
• Lessons learned from pilot
– Marketing consultant has helped the City increase its leads through innovations like targeted Google Ads, for example
– Relying on a single installer has risks – consider this in future program design • Positive upcoming events that may drive more leads
– Lower pricing due to new State incentives
– Continued expansion of marketing efforts
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8 8cityofpaloalto.org/ClimateAction Acting Now for A Resilient Future 8 Current Program Status
• Successes to-date
– Developed business process that can deliver about 150-200 installs / year • Higher participation rate than any previous energy program to-date – Achieved higher rate of signups than any previous program (35/month) – Developed new approaches to program outreach (e.g. targeted Google ads, audience segmentation, comprehensive, ongoing campaign themes)
• Challenges to-date
– Staff turnover early in the program with the City and its two program operators – Far more leads are needed to reach 20 installs per week (which represents 1000 installs per year, or 80% of water heaters replaced in Palo Alto each year) • With current dropout rates, 60 leads per week are needed • Lower numbers of leads would be needed with improvements in the dropout rate Item 11
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9 9cityofpaloalto.org/ClimateAction Acting Now for A Resilient Future 9 Working Group and Ad Hoc Suggestions
• Find ways to integrate multiple contractors into the program • Explore more intensive use of 120V HPWH to reduce costs • Start an emergency replacement program
• Reach out to contractors to get more installers in Palo Alto • Look for regional partnerships on programs and contractor development • Advisory service with deep electrification expertise to help project design • Explore a leasing program
• Stay ahead of BAAQMD requirements / use them to spur action Item 11
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10 10cityofpaloalto.org/ClimateAction Acting Now for A Resilient Future 1 0
Working Group and Ad Hoc Suggestions
• Outreach suggestions:
– Reach out to people with water heater permits from 10-15 years ago – Encourage people to provide the City their water heater’s serial number to find its age – Celebrate the 1000th HPWH installation
• Potential Next Step:
– In-person workshop to review lessons learned to date, upcoming actions already planned, and what other changes could be made
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Thank You!
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City Council
Staff Report
From: City Manager
Report Type: INFORMATION REPORTS
Lead Department: Administrative Services
Meeting Date: November 13, 2023
Report #:2310-2094
TITLE
Investment Activity Report for the First Quarter, Fiscal Year 2024

RECOMMENDATION
This is an informational report and no City Council action is required.

EXECUTIVE SUMMARY
The City’s Investment Policy1 (Policy) requires that staff report to Council quarterly on the City’s portfolio composition and performance compared to the Council-adopted Policy; discuss overall compliance with the City’s Investment Policy; and provide recommendations, if any, for Policy changes. In addition, staff provides a detailed list of all securities and reports on the City’s ability to meet expenditure requirements over the next six months. This report is to inform Council of the City’s investment portfolio performance as of the first quarter ending September 30, 2023 and to disclose staff’s cash flow projections for the next six months. Staff expects that the City will have sufficient funds or liquidity to meet expenditure requirements for the next six months.

The portfolio details, activities, and performance are discussed below, and additional information is provided in the attachments. During the first quarter staff complied with all aspects of the Investment Policy.

The Investment Policy limits callable agency securities to 25 percent of the par value of the portfolio. As of the end of the first quarter, investments in callable agency securities exceeded this limit by 1.62% due to the overall decline in the portfolio for the planned prepayment of the City’s Fiscal Year 2024 Unfunded Accrued Liability (UAL) pension cost for active employees to the Public Employers’ Retirement System (PERS) and other cash needs driven by increased capital expenditures. Per the Policy, this is not considered a violation of the Policy since a later increase or decrease in percentage resulting from a change in portfolio’s assets or values shall not constitute a violation of that restriction (limit). Staff is monitoring the percentage of callable agency securities to ensure that the percentage limitations will be restored as investments mature in each category and/or the portfolio increases which as of the writing of the report the latter has begun to happen.

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ANALYSIS
The City’s investment portfolio is summarized in Graph 1 and detailed in the Investments by Fund Report (Attachment B). The Investments by Fund Report groups the portfolio’s securities by investment type and includes details of the investment issuer, date of maturity, current market value, the book and face (par) value, and the weighted average maturity of each type of investment and of the entire portfolio.

Due to rounding, the above graph's percentage total is greater than 100 percent.

The par value of the City’s portfolio is $575.6 million; in comparison, last quarter it was $623.2 million. The $47.6 million portfolio decline since the last quarter results from timing of cash flows from the prepayment of the City’s Fiscal Year 2024 Unfunded Accrued Liability (UAL) pension cost for active employees to the Public Employers’ Retirement System (PERS) totaling $41.6 million, major revenue receipt due to seasonality timing, an extra pay period costs in the first quarter, and delayed reimbursement of State Revolving Fund (SRF) loans for Wastewater Treatment capital projects. As noted in the FY 2023 Q4 Investment Activity Report, delayed SRF reimbursement from the state, along with increased capital expenditures in the Wastewater Treatment Fund is expected to impact and constrain the City’s cash position. Administrative Services and Public Works staff continues to monitor this activity closely to ensure the fund’s solvency.

The City expects to save $1.4 million by paying the UAL in advance and is partially offset by the loss of approximately $0.8 million in interest income in the City’s portfolio. The net citywide savings of prepaying the UAL cost is $0.6 million. The saving is a consequence of PERS’ ability to earn interest earlier and at a higher rate than the City’s portfolio could realize. Without this prepayment, after factoring in $11.6 million in UAL payments that would have been made in the first quarter, the portfolio would have increased by $36.0 million, compared to the $47.6 million U.S. Treasury1.2%
U.S. Agency35.4%
U.S. Municipal/State38.4%
Negotiable CD8.3%
U.S. Corporate5.1%
Supranational7.6%
Liquid Accts.4.1%
Graph 1: Investments by Type -$575.6M (Par Value)
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decline noted above. In addition, due to seasonality, the first quarter major tax revenues receipts are lower (e.g., sales, transient occupancy, and utility user’s taxes) and property tax being received by the City in the second, third, and fourth quarters.

The portfolio consists of $23.8 million in liquid accounts and $551.8 million in various investment types as detailed in the following Table 1. The Investment Policy requires that at least $50 million be maintained in securities maturing in less than two years. The portfolio includes $152.2 million in investments maturing in less than two years, comprising 26.4% of the City’s investment portfolio. In addition, the Investment Policy allows up to 30% of the portfolio to be invested in securities with maturities beyond five years; actual at the end of the second quarter is 26.6% of the portfolio.

The current market value of the portfolio is 90.5% of the book value. The market value of securities fluctuates, depending on how interest rates perform. When interest rates decrease, the market value of the securities in the City’s portfolio will likely increase; likewise, when interest rates increase, the market value of the securities will likely decrease. Understanding and showing market values is not only a reporting requirement, but essential to knowing the principal risks in actively buying and selling securities. It is important to note, however, that the City’s practice is to buy and hold investments to maturity, therefore changes in market price do not affect the City’s investment principal. The market valuation is provided by U.S. Bank, which is the City’s safekeeping agent. The average life to maturity of the investment portfolio is 3.52 years compared to 3.57 years last quarter.

The Investment Policy states “Should the ratio of the market value of the portfolio to the book value of the portfolio fall below 95%, the Administrative Services Department will report this to the City Council within a reasonable time frame and evaluate whether there is any risk of holding any of the securities to maturity.” In the prior five quarters the market value fell below 95%; it was 93.5% in the fourth quarter of fiscal year 2022 ( CMR 13998 2), 89.7% in the first quarter (CMR 14001 3) of fiscal year 2023, 90.7% in the second quarter of fiscal year 2023 (CMR 2301-08654), 89.6% in the third quarter of fiscal year 2023 ( CMR 2212-05205) and 91.9% in the fourth quarter of fiscal year 2023 (CMR 2307-17836) . The market rate this first quarter is 90.5% of book value. Interest rates on new investments have fluctuated so the expectation is the market value of the portfolio is expected to stay in the current range in the coming quarters. To minimize risk of loss for investment principal due to lower market values, the City’s investment practice is to buy and hold investments to maturity; in the instances where there is a need to sell securities for contingency cash flow planning, the City’s practice is to sell securities that are above the market value.

Investments Made During the First Quarter
During the first quarter, $21.9 million of securities with an average yield of 4.0% matured. During the same period, there were no new investment purchases to increase liquidity to meet expected cash needs. As expected, with the exception of this quarter, as interest rates rose on new Item 12
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investments, the City’s portfolio’s average yield has begun to gradually rise. In the prior two fiscal years or during the height of the COVID-19 economic closures, the portfolio’s interest rate had steadily declined. The City’s short-term money market and pool account increased by $15.1 million compared to the third quarter of Fiscal Year 2022. Staff continually monitors the City’s short-term cash flow needs and adjusts liquid funds to meet them.

Availability of Funds for the Next Six Months
Normally, the flow of revenues from the City’s utility billings and General Fund sources is enough to provide funds for ongoing expenditures in those respective funds. Projections indicate that for the City’s cashflow, an overall growth in the portfolio of $10.1 million is expected over the coming six months due to routine business activities. This reflects expected receipts of $355.6 million and expenditures of $345.5 million over the next six months.

As of September 30, 2023, the City had $23.8 million deposited in the Local Agency Investment Fund (LAIF) and a money market account that could be withdrawn on a daily basis. Though as of writing of this report (October 26th), after the large payments discussed above, the $23.8 million has increased to $53.6 million which includes $7.2 million is investment securities sold prior to maturity. Since the sales resulting in the $7.2 million was dependent on a worse-case cash needs scenario that never materialized, a third has already been reinvested with an average yield being higher by 0.85% than the average yield of the sold securities. The remaining amount is expected to be also reinvested in the coming months. In addition, investments totaling $26.0 million will mature between October 1, 2023 and March 31, 2024. Based on the above, staff expect that the City will have sufficient funds or liquidity to meet expenditure requirements for the next six months.

Compliance with City Investment Policy
During the fourth quarter, staff complied with all aspects of the Investment Policy. Attachment C lists the major restrictions in the City’s Investment Policy compared with the portfolio’s actual performance.

Investment Yields
Interest income on an accrual basis, for the General Fund, for the fourth quarter was $3.5 million; compared to the prior year’s first quarter of $2.2 million or $1.0 million higher than the prior year’s quarter due to higher yield investment environment. As of September 30, 2023, the yield to maturity of the City’s portfolio was 2.20%; in the prior quarter it was 2.31%. The lack of new security purchases in this quarter resulted in this lower yield. In the first quarter, LAIF’s average yield was 3.42% while the average yield on the two-year and five-year Treasury bonds was approximately 4.92% and 4.31%, respectively. In comparison, in the prior quarter LAIF had 3.01% yield and the two-year and five-year Treasury bonds yields were higher at 4.26% and 3.69%.

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Historically, the City’s portfolio yield has outperformed the two-year and five-year Treasury bond rates and did so again several years ago; this is an expected occurrence during economic downturns. However, during economic recovery periods, interest rates rise, and the City’s portfolio yield is expected to be lower, which is the current financial environment. As the City’s laddered portfolio investments mature in the next year or two, funds will continue to be reinvested and trends will follow the economic patterns. Graph 2 shows the City’s yields and interest earnings for the past 21+ years.

City’s portfolio duration is 3.52 years.

Yield Trends
The Federal Open Market Committee (FOMC), since March 2020, has raised the federal funds rate 11 times totaling 5.25% with the first occurring on March 16, 2022. Prior to this the rate was near zero. To mitigate the persistent elevated inflation rate from the peak of 9.1% in June 2022 to a to 3.7% in September 2023 with a 2% target. There was a softer decline in energy prices primarily driven by a rebound in fuel prices, offset by slowing inflationary pressures in other categories like food, new vehicles, apparel, medical care commodities, and transportation services.

The expectation is FOMC might do one additional federal funds rate interest rate increase but ultimately that will depend on whether the inflation rate is still elevated above the target rate.

The FOMC states “Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have slowed in recent months but remain strong, and the unemployment rate has remained low.” Previously and currently, they had stated the U.S. banking system is sound

5.88%

5.00%

4.17% 4.54%
City of Palo Alto

2.71% 1.80% 1.93% 1.66%

2.20%

3.65%

1.41%

0.81% 0.25%
2 Yr. Treasury 4.39%

4.92%

4.43%4.39%

4.98%

1.10%
5-Yr. Treasury

2.88%

2.47%

0.27%

3.23%

4.00%

4.31%

1.44%

5.25%

0.23%
LAIF

1.29%

2.63%

3.42%
$0.0
$0.5
$1.0
$1.5
$2.0
$2.5
$3.0
$3.5
$4.0
$4.5
$5.0

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%

5.5%

6.0%
Int. Earnings (Millions)Yields
Fiscal Year Quarters
Graph 2: Yields and Interest Earnings
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and resilient, tighter credit conditions are likely to weigh on economic activity, hiring, and inflation risks. FOMC’s are still firmly focused on further bringing down inflation.

The following tables show the U.S. inflation and unemployment rates and the U.S. Gross Domestic Product (GDP) past and recent trends.

Graph 3: U.S. Inflation Rate
The annual inflation rate in the U.S. remained steady at 3.7% in September 2023, defying market expectations of a slight decrease to 3.6%.

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Graph 4: U.S. Unemployment Rate
The unemployment rate in the U.S. was 3.8% in September 2023. The jobless rate has fluctuated between 3.4 percent and 3.8 percent in calendar year 2023, indicating a consistently tight labor market.

Graph 5: U.S. Gross Domestic Product (GDP) Annual Growth Rate The Gross Domestic Product (GDP) in the United States expanded an annualized 4.9% in the third quarter of 2023, up from 2.1 percent in the previous period.

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Funds Held by the City or Managed Under Contract
Attachment A is a consolidated report of all City investment funds, including those not held directly in the investment portfolio. These include cash in the City’s regular bank account with US Bank and Wells Fargo. A description of the City’s banking relationships can be found in City Council Staff Report ID # 7858 7 and ID # 114028. The bond proceeds, reserves, and debt service payments being held by the City’s fiscal agents are subject to the requirements of the underlying debt indenture. The trustees for the bond funds are U.S. Bank and California Asset Management Program (CAMP). Bond funds with U.S. Bank are invested in federal agency and money market mutual funds that consist exclusively of U.S. Treasury securities. Bond funds in CAMP are invested in banker’s acceptance notes, certificates of deposit, commercial paper, federal agency securities, and repurchase agreements. The most recent data on funds held by the fiscal agent is as of September 30, 2023.

In January 2017, the City established a Section 115 Irrevocable Trust (Public Agencies Post- Employment Benefits Trust) administered by Public Agency Retirement Services (PARS). This fund is governed by the City’s Retiree Benefit Policy as opposed to the Investment Policy; however, it is discussed in this report to present the full picture of the City’s investments. It is the City’s intent to prefund pension costs and began to address the Net Pension Liabilities (NPL) as calculated by Governmental Accounting Standards Board Pronouncement No. 68 (GASB 68). The Section 115 Trust offered by PARS has five portfolios from which to choose in making investments of City funds. In February 2023, the City Council revised the City’s portfolio selection from “Moderately Conservative” to “Moderate”, shifting from the second most conservative to third.

Additional information on the establishment of this trust can be found in City Council Staff Report ID # 7553 9. Through September 30, 2023, principal investment contributions of $54.4 million made over time since May 2017, has increased to $56.4 million or by $2.0 million and the net return for one and five years has been 7.6% and 2.8% respectively. Since inception, $2.5 million net earnings have been realized with $0.56 million in administrative expenses.

FISCAL/RESOURCE IMPACT
This is an information report.

STAKEHOLDER ENGAGEMENT
Staff works internally and with external parties (U.S. Bank’s custodial, U.S. Bank’s bonds, Wells Fargo and U.S. Bank’s banking, California Asset Management Program (CAMP), and Public Agency Retirement Services (PARS)) statements to prepare this report.

ENVIRONMENTAL REVIEW
This Council informational report is not a project under California Environmental Quality Act (CEQA) as defined in CEQA Guidelines, section 15378, because it has no potential for resulting in either a direct or reasonably foreseeable indirect physical change in the environment.

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ATTACHMENTS
Attachment A: Consolidated Report of Cash Management
Attachment B: Investment Portfolio
Attachment C: Investment Portfolio Compliance
APPROVED BY:

Kiely Nose, Assistant City Manager
1 City of Palo Alto website, Administrative Services Department, Money Management & Treasury: Microsoft Word - Proposed City of Palo Alto Investment Policy - Fiscal Year 2023-24.doc 2 City Council, August 8, 2022 Item #9, CMR 13998: https://www.cityofpaloalto.org/files/assets/public/agendas- minutes-reports/agendas-minutes/city-council-agendas-minutes/2022/20220808/20220808pccsm-amended-rev- final1.pdf#page=134
3 City Council, November 7, 2022 Item #13, CMR 14001:
https://www.cityofpaloalto.org/files/assets/public/agendas-minutes-reports/agendas-minutes/city-council- agendas-minutes/2022/20221107/20221107pccsm-amended-linked-q.a-2.pdf#page=188 4 City Council, February 13, 2023, Item #10, CMR 2301-0865:
https://cityofpaloalto.primegov.com/Portal/Meeting?meetingTemplateId=1073 5 City Council, May 8, 2023, Item #9, CMR 2212-0520:
https://cityofpaloalto.primegov.com/Portal/Meeting?meetingTemplateId=11197 6 City Council, May 8, 2023, Item #18, CMR 2307-1783:
https://cityofpaloalto.primegov.com/Portal/Meeting?meetingTemplateId=12606 7 City Council, April 11, 2017, under “Additional Information”, CMR 7858:
https://www.cityofpaloalto.org/files/assets/public/agendas-minutes-reports/reports/city-manager-reports- cmrs/year-archive/2017/7858.pdf
8 City Council, September 21, 2020 Item #2, CMR 11402:
https://www.cityofpaloalto.org/files/assets/public/agendas-minutes-reports/reports/city-manager-reports- cmrs/year-archive/2020-2/id-11402.pdf
9 City Council, January 23, 2017 Item #5, CMR 7553:
https://www.cityofpaloalto.org/files/assets/public/agendas-minutes-reports/reports/city-manager-reports- cmrs/year-archive/2017/7553.pdf
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Book Value Market Value
City Investment Portfolio (see Attachment B) 574,818,034$ 520,412,019 $ Other Funds Held by the City
Cash with Wells Fargo Bank 247,695 247,695 (includes general and imprest accounts)
Cash with US Bank 1,326,792 1,326,792 Total - Other Funds Held By City 1,574,488 1,574,488 Funds Under Management of Third Party Trustees *
Debt Service Proceeds
US Bank Trust Services **
1999 Utility Revenue Bonds
Debt Service Fund 1,811 1,811
2009 Water Revenue Bonds (Build America Bonds)
Debt Service and Reserve Funds 2,532,664 2,532,664 2010 & 2013 General Obligation (Library) Bond
Debt Service and Escrow Funds 1 1 2011 Utility Revenue Refunding Bonds
Debt Service and Reserve Funds 695,759 695,759 2013 General Obligation (Library) Bond
Escrow Funds 1 1
2018 Capital Improvement (Golf Course & 2002B COP Refinance) (Taxable- Green Bond) Certificates of Participation
Debt Service and Cost of Issuance Funds 331 331 2019 California Avenue Parking Garage Certificates of Participation (Tax-Exempt and Taxable Bonds)
Construction and Cost of Issuance Funds 1,715 1,715 2021 Public Safety Building Certificates of Participation Construction Debt Svc, Capitalized Interest, and Cost of Issuan 5,789,879 5,789,879 2022A & B General Obligation (Library) Bond
Cost of Issuance Funds 4,344 4,344 California Asset Management Program (CAMP) ***
2012 University Ave. Parking Refunding Bonds
Reserve Fund 2,860,060 2,860,060
Public Agencies Post-Employment Benefits Trust ****
Public Agency Retirement Services (PARS) 56,375,811 56,375,811 Total Under Trustee Management 68,262,376 68,262,376 GRAND TOTAL 644,654,898 $ 590,248,883 $
* These funds are subject to the requirements of the underlying debt indenture. ** U.S. Bank investments are in money market mutual funds that exclusively invest in U.S. Treasury securities. *** CAMP investments are in money market mutual fund which invest in bankers acceptance, certificate of deposit, commercial paper, federal agency securities, and repurchase agreements. **** PARS investments are in moderately conservative index plus funds Attachment A
First Quarter, Fiscal Year 2022-23
(Unaudited)
Consolidated Report of Cash Management
City of Palo Alto Cash and Investments
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Attachment A -
Consolidated Report of
Cash Management

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City of Palo Alto
Administration Svcs. Dept.
250 Hamilton Ave., 4th Floor
Palo Alto, CA 94301
City of Palo Alto
Fund ALL - Portfolio Listings
Investments by Fund (650)329-2362
September 30, 2023
Purchase Current
Rate
Maturity Days To
Date Maturity
YTM
360
YTM
365Market ValueCUSIP Investment # Issuer Date Book Value Par Value LAIF & Fidelity Cash Accounts
SYS158
SYS159
158
159
Fidelity Investments 07/01/2020
07/01/2020
9,771,979.97
14,071,747.22
9,771,979.97
14,071,747.22
9,771,979.97
13,807,956.32

5.230

3.500

5.158

3.452

5.230

3.500
1 1Local Agency Investment Fund
Subtotal and Average 23,843,727.19 23,843,727.19 23,579,936.29 4.151 4.209 1 Negotiable Certificates of Deposits
00453NAA9
00833AAB6
011852AK6
01882MAB8
022663BS6
034577AN6
00224TAL0
04288LAA6
029733BX9
052392CC9
02589AEG3
06654HAA6
065847EH4
07181JAU8
07371AYT4
88241THJ2
156634AY3
066519QC6
09549TAB1
05600XBX7
05580AXU3
064236BQ4
05572YGM8
06654BFE6
06063HQL0
2831 NCD
2773 NCD
2850 NCD
2781 NCD
2867 NCD
2298 NCD
2806 NCD
2801 NCD
1805 NCD
2732 NCD
2729 NCD
2453 NCD
2455 NCD
2730 NCD
2668 NCD
2346 NCD
2074 NCD
2474 NCD
2755 NCD
2480 NCD
2448 NCD
2899 NCD
2876 NCD
2908 NCD
2898 NCD
Achieve Federal Credit Union
Affinity Plus Fed Credit Union
Alaska USA Federal CU
Alliant Credit Union
02/17/2023
12/27/2022
03/22/2023
12/30/2022
04/14/2023
03/20/2020
01/27/2023
01/20/2023
05/30/2017
11/28/2022
11/16/2022
11/27/2020
11/23/2020
11/22/2022
03/02/2022
06/02/2020
08/30/2019
01/22/2021
12/19/2022
01/27/2021
11/20/2020
05/24/2023
04/26/2023
05/24/2023
05/15/2023
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
245,000.00
249,000.00
249,000.00
248,731.17
251,242.21
249,000.00
248,745.12
249,000.00
245,000.00
248,712.27
249,000.00
248,592.41
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
245,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
245,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
244,244.10
248,788.35
244,796.88
246,039.39
245,902.44
233,024.16
245,947.26
247,242.06
239,769.25
246,701.73
246,636.99
223,166.25
229,329.00
246,338.19
223,761.36
230,352.39
236,309.85
222,289.77
248,130.99
201,699.96
223,888.35
246,186.30
246,136.50
247,349.13
247,274.43

4.650

5.100

4.850

4.950

5.000

1.100

4.700

5.100

2.300

5.050

5.000

0.450

1.050

5.000

2.050

1.000

1.700

0.550

4.700

1.000

0.500

5.000

4.950

5.200

5.050

4.589

5.029

4.789

4.884

4.937

1.085

4.641

5.030

2.270

4.984

4.931

0.493

0.542

4.940

2.053

0.986

1.678

0.592

4.633

1.019

0.493

4.937

4.886

5.132

4.980

4.653 02/17/2026

5.099 12/27/2023

4.855 03/22/2028

4.952 12/30/2027

5.005 04/14/2028

1.100 03/20/2025

4.705 01/27/2025

5.100 01/21/2025

2.301 05/30/2024

5.053 11/27/2026

5.000 11/16/2027

0.500 11/28/2025

0.549 07/28/2025

5.009 11/23/2026

2.081 02/24/2027

1.000 06/13/2025

1.701 08/30/2024

0.600 01/22/2026

4.697 03/19/2024

1.034 10/27/2028

0.500 11/20/2025

5.006 05/24/2028

4.953 04/26/2027

5.203 05/27/2025

5.050 11/15/2024
870
87 1,634
1,551
1,657
536
Amalgamated Fin Corp Bank
Aneca Federal Credit Union
A+ Federal Creit Union
Arsenal Credit Union
American State Bank OSCE
Austin Telco Fed. Credit Union
American Express Centurion Bk
Banner Capital Bank
484
478
242
1,153
1,507
789
Bank of Wisconsin Dells
Baxter Credit Union
666
1,149
1,242
621
Beal Bank - Plano, TX
Texas Exchange Bank
Century Next Bank 334
BankUnited NA 844
Blue Foundry Bank 170
BMO Harris Bank 1,853
781BMW Bank of North America
Bank of Old Monroe 1,697
1,303
604
BOKF NA Bank
Bankwell Bank
Bank of Baroda 411
Portfolio CPA
AP
Run Date: 10/23/2023 - 01:14 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Item 12
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Fund ALL - Portfolio Listings
Investments by Fund Page 2
September 30, 2023
Purchase Current
Rate
Maturity Days To
Date Maturity
YTM
360
YTM
365Par Value Market ValueCUSIP Investment # Issuer Date Book Value Negotiable Certificates of Deposits
108622NQ0
07371CH69
130162AN0
29260MBH7
12481GAS6
31944MBB0
15118RRH2
15523RCP9
15634VAA0
17783PAH4
12545JBB0
17248MAC1
17286TAG0
18507MAA9
200339FB0
29278TMR8
20825WAR1
14042TCP0
14042RQB0
20416TAW2
21686QAE9
21933PAA0
22258JAB7
22282XAA8
225645DN7
227563CF8
14622LAK8
15568PAK2
222327AD0
178180GV1
243594AR9
2900 NCD
2669 NCD
2772 NCD
2343 NCD
2878 NCD
2389 NCD
2063 NCD
2324 NCD
2903 NCD
2785 NCD
2904 NCD
2504 NCD
2267 NCD
2881 NCD
2856 NCD
2215 NCD
2643 NCD
2089 NCD
2609 NCD
2756 NCD
2834 NCD
2860 NCD
2695 NCD
2901 NCD
2296 NCD
2875 NCD
2870 NCD
2862 NCD
2477 NCD
2809 NCD
2690 NCD
Bridgewater Bank Bloom MN
Beal Bank USA - Las Vegas, NV
California Credit Union
Encore Bank
05/26/2023
03/02/2022
12/27/2022
05/21/2020
04/14/2023
08/20/2020
08/30/2019
03/27/2020
05/24/2023
01/18/2023
05/17/2023
03/04/2021
02/27/2020
04/26/2023
03/30/2023
01/29/2020
12/23/2021
09/05/2019
11/17/2021
12/21/2022
02/23/2023
04/04/2023
09/30/2022
05/19/2023
03/20/2020
04/14/2023
04/25/2023
03/31/2023
01/29/2021
01/25/2023
09/23/2022
249,000.00
248,745.12
249,000.00
249,000.00
247,443.32
248,000.00
245,000.00
248,259.55
249,000.00
249,000.00
249,000.00
248,573.82
244,861.88
249,000.00
249,000.00
245,000.00
248,678.45
245,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
248,000.00
249,000.00
249,000.00
249,000.00
247,949.15
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
248,000.00
245,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
245,000.00
249,000.00
249,000.00
245,000.00
249,000.00
245,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
248,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
246,183.81
223,761.36
248,599.11
214,817.28
247,174.83
225,154.24
236,638.15
232,473.87
247,523.43
248,589.15
246,211.20
212,533.95
231,735.70
247,194.75
247,924.32
232,882.30
218,694.21
236,655.30
218,666.82
247,951.71
248,656.38
248,858.07
241,373.13
248,808.27
232,088.32
246,806.31
245,703.24
247,936.77
194,053.17
245,319.78
234,450.93

5.000

2.050

5.000

1.150

0.500

0.450

1.850

1.000

5.150

4.900

5.000

0.650

1.650

5.150

5.250

1.800

1.250

1.900

1.100

5.000

5.100

5.350

4.400

5.250

1.100

5.100

4.750

5.300

1.100

4.500

3.700

4.937

2.053

4.931

1.134

4.932

0.444

1.826

1.189

5.079

4.834

4.937

0.691

1.668

5.086

5.179

1.779

1.273

1.873

1.084

4.935

5.029

5.281

4.341

5.178

1.085

5.033

4.688

5.231

1.154

4.438

3.651

5.006 05/26/2028

2.081 02/24/2027

5.000 12/27/2023

1.150 05/21/2027

5.000 11/22/2023

0.450 08/20/2025

1.852 08/30/2024

1.206 03/27/2025

5.150 11/25/2024

4.901 01/18/2024

5.006 05/17/2028

0.701 03/04/2027

1.691 02/27/2025

5.157 04/28/2025

5.251 09/30/2024

1.803 01/29/2025

1.291 12/23/2026

1.900 09/05/2024

1.100 11/17/2026

5.004 06/21/2024

5.099 02/23/2024

5.354 04/04/2024

4.402 09/27/2027

5.250 02/20/2024

1.100 03/20/2025

5.103 04/14/2026

4.753 04/25/2025

5.304 03/31/2027

1.170 01/29/2030

4.500 01/27/2025

3.701 09/23/2027
1,699
1,242
87 1,328
52CBC Federal Credit Union Bank
First Carolina Bank 689
Celtic Bank 334
Central State Bank IOWA
Centris Fed Credit Union Bank
City Federal Credit Union
CIBM Bank
543
421
109
1,690
1,250
515
Cinfed Fed Credtit Union Bank
Citadel Federal Credit Union
Clearpath Federal Credit Union
Comerica Bank Texas
575
365
Enerbank USA 486
Connexus Credit Union
Capital One Bank USA NA
Capital One Bank USA NA
Communitywide Fed. Cr. Union
Cooper Choice Network CU
Corning Federal Credit Union
County Schools FCU
1,179
340
1,143
264
145
186
1,457
142Covantage Credit Union
Crescent Bank & Trust
Cross River Bank
536
926
Carter Federal Credit Union
Cental Valley Community Bank
Country Club Bank
572
1,277
2,312
484City National Bank
Decorah Bank Trust Company 1,453
Portfolio CPA
AP
Run Date: 10/23/2023 - 01:14 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Item 12
Attachment B - Investment Portfolio

Item 12: Staff Report
Pg.
12 Packet Pg. 487 of 511

Fund ALL - Portfolio Listings
Investments by Fund Page 3
September 30, 2023
Purchase Current
Rate
Maturity Days To
Date Maturity
YTM
360
YTM
365Par Value Market ValueCUSIP Investment # Issuer Date Book Value Negotiable Certificates of Deposits
24773RCR4
254673VJ2
88340AAA9
26948GAF1
27004PBV4
29367RMN3
308682BM4
33847E4E4
31925YAE2
73319FAF6
319477AV7
32022RNT0
320165JK0
30960QAK3
31976UAA6
33651FAF6
335857CK2
307811DM8
32110YRQ0
330459CB2
35638CAE9
35633MCZ3
32026UG83
33715LET3
31986JAD3
33766LAJ7
37424PAC8
387625AA4
39981MAC6
39729LAC5
397129AJ6
2670 NCD
1956 NCD
2778 NCD
2770 NCD
2545 NCD
2897 NCD
2486 NCD
2414 NCD
2877 NCD
2285 NCD
2907 NCD
2390 NCD
2076 NCD
2479 NCD
2759 NCD
2812 NCD
2451 NCD
2644 NCD
2465 NCD
1863 NCD
2868 NCD
2858 NCD
2861 NCD
2845 NCD
2554 NCD
2061 NCD
2456 NCD
2042 NCD
2846 NCD
2811 NCD
2725 NCD
Delta Natl Bank & TR 03/09/2022
10/24/2018
12/22/2022
12/23/2022
07/07/2021
05/19/2023
02/12/2021
09/30/2020
04/25/2023
03/18/2020
05/19/2023
08/19/2020
09/04/2019
01/27/2021
12/16/2022
01/31/2023
11/30/2020
01/14/2022
12/31/2020
10/13/2017
04/14/2023
03/30/2023
03/31/2023
03/24/2023
07/28/2021
08/23/2019
11/30/2020
05/08/2019
03/24/2023
01/27/2023
11/28/2022
249,000.00
245,000.00
249,000.00
249,000.00
248,449.09
249,000.00
248,331.57
249,000.00
249,000.00
249,000.00
249,000.00
248,000.00
245,000.00
248,710.57
249,000.00
249,000.00
248,605.87
248,216.46
248,730.20
245,000.00
249,000.00
249,000.00
249,000.00
249,000.00
248,544.25
245,000.00
248,629.57
245,000.00
249,000.00
249,000.00
249,000.00
249,000.00
245,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
248,000.00
245,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
245,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
245,000.00
249,000.00
245,000.00
249,000.00
249,000.00
249,000.00
223,362.96
244,644.75
247,463.67
248,733.57
219,929.25
238,449.87
199,468.92
236,313.45
245,257.53
233,078.94
247,167.36
225,186.48
236,307.40
221,764.38
247,187.28
248,499.51
214,864.59
200,930.55
213,771.48
244,703.55
246,871.05
248,300.31
247,025.43
248,178.30
214,254.54
237,039.95
207,516.60
240,658.60
248,880.48
248,880.48
248,023.92

2.000

3.350

5.150

5.000

0.850

4.250

1.000

0.400

4.900

1.100

5.150

0.450

1.750

0.500

5.050

4.850

0.650

1.600

0.600

2.250

4.850

5.400

5.000

5.350

0.850

1.950

0.800

2.550

5.350

4.750

4.950

1.975

3.304

5.079

4.932

0.919

4.196

1.037

0.394

4.838

1.085

2.003 02/25/2027

3.350 10/24/2023

5.150 12/23/2024

5.000 12/26/2023

0.932 07/07/2026

4.255 05/19/2028

1.052 02/12/2029

0.400 09/30/2024

4.905 04/25/2028

1.100 03/18/2025
05/19/2025
1,243
23Discover Bank / Delaware
The District Fed Cr Union
Eagle Cmty Credit Union
Eaglemark Savings Bank
Enterprise Bank
449
86 1,010
1,692
1,961
365
Farmers & Merchant State Bank
Flagstar Bank FSB
First Bank of the Lake
Poppy Bank
1,668
534
First-Citizens Bank 596
1st Financial Bank 0.444

1.727

0.543

4.985

4.781

0.691

1.630

0.625

2.220

4.783

5.326

4.931

5.300

0.892

1.925

0.825

2.513

5.276

4.688

4.877

0.450 08/19/2025

1.751 09/04/2024

0.550 01/27/2026

5.054 12/16/2024

4.847 01/31/2024

0.701 11/30/2026

1.653 01/22/2030

0.633 12/31/2026

2.251 10/13/2023

4.850 10/15/2024

5.400 03/30/2028

5.000 12/30/2024

5.374 09/24/2024

0.905 02/26/2027

1.952 08/23/2024

0.836 11/30/2027

2.548 05/08/2024

5.350 03/25/2024

4.753 10/27/2023

4.945 05/28/2024
688
First Farmers Bank & Trust
Farmers Insurance Group CU
First Class Community CU
First Source Federal Cr Union
First Oklahoma Bank
339
849
442
122
1,156
2,305
1,187
12 Farmers &Merchants Bank
First National Bank of America
FNB Bank Inc.

Freedom First Fed CU Bank
Freedom Bank of Virginia
First Foundation Bank
First Technology Federal Credi
First Community Credit Union
Firstier Bank
380
1,642
456
359
1,244
327
Gesa Credit Union 1,521
220Grant County Bank West V.

Grow Financial Fed CU
Greenwood Muni Fed Cr Union
Greenwood Credit Union
176
26 240
Portfolio CPA
AP
Run Date: 10/23/2023 - 01:14 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Item 12
Attachment B - Investment Portfolio

Item 12: Staff Report
Pg.
13 Packet Pg. 488 of 511

Fund ALL - Portfolio Listings
Investments by Fund Page 4
September 30, 2023
Purchase Current
Rate
Maturity Days To
Date Maturity
YTM
360
YTM
365Par Value Market ValueCUSIP Investment # Issuer Date Book Value Negotiable Certificates of Deposits
404730DA8
06251A2Q2
41166MAF2
446438SB0
42228LAM3
44931EAD3
45776NFE1
45791JAC0
460807AB6
45780PAQ8
48040PJL0
50116CAX7
48836LAV4
49306SK54
499724AF9
920133AJ4
50625LBG7
52470QAN4
53955LAB3
53052LAD1
530520AC9
538036SS4
554479EK7
56102AAQ9
59001PAP4
58404DDB4
589227AG2
59013KPS9
60425SJQ3
560507AN5
56065GAG3
2447 NCD
2457 NCD
2776 NCD
2891 NCD
2816 NCD
2743 NCD
2757 NCD
2836 NCD
2771 NCD
2556 NCD
2452 NCD
1798 NCD
2731 NCD
2885 NCD
2140 NCD
2748 NCD
2879 NCD
2469 NCD
2823 NCD
2741 NCD
2803 NCD
2599 NCD
2819 NCD
2402 NCD
2672 NCD
2010 NCD
2059 NCD
2610 NCD
2478 NCD
2144 NCD
2038 NCD
Haddon Savings Bank
Bank Hapoalim BM
11/16/2020
12/14/2020
12/27/2022
05/05/2023
01/30/2023
12/09/2022
12/14/2022
02/27/2023
12/23/2022
07/29/2021
11/27/2020
05/31/2017
11/23/2022
04/28/2023
10/24/2019
12/14/2022
04/14/2023
12/30/2020
02/10/2023
12/05/2022
01/27/2023
10/18/2021
02/09/2023
08/31/2020
03/07/2022
01/10/2019
08/30/2019
11/19/2021
01/28/2021
11/08/2019
04/26/2019
206,223.32
248,725.38
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
248,482.56
245,000.00
249,000.00
249,000.00
248,215.90
249,000.00
241,585.13
248,347.63
249,000.00
249,000.00
249,000.00
248,496.09
249,000.00
249,000.00
240,930.33
245,000.00
245,000.00
248,562.81
248,502.43
245,000.00
245,000.00
207,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
245,000.00
249,000.00
249,000.00
248,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
245,000.00
245,000.00
249,000.00
249,000.00
245,000.00
245,000.00
186,260.67
223,183.68
248,576.70
245,867.58
240,695.85
248,023.92
245,688.30
247,154.91
248,733.57
219,483.54
207,140.61
240,068.15
247,523.43
248,267.94
247,556.08
247,334.19
239,067.39
198,749.31
248,499.51
248,803.29
243,474.69
211,328.79
246,813.78
227,391.78
222,802.71
243,637.80
236,545.05
222,376.92
199,695.51
235,057.90
240,989.35

0.350

0.500

5.100

4.800

4.250

5.000

4.900

5.100

5.000

0.900

0.750

2.500

5.150

5.000

3.350

5.100

3.100

0.850

4.900

5.000

4.500

1.100

4.600

0.400

0.550

3.300

1.800

1.100

1.000

1.900

2.600

0.491

0.543

5.027

4.734

4.193

4.931

4.835

5.036

4.932

0.888

0.790

2.465

5.083

4.931

2.210

5.038

4.931

0.889

4.830

4.931

4.442

1.135

4.532

0.394

1.904

3.254

1.775

1.152

1.024

1.875

2.567

0.498 10/20/2025

0.550 12/15/2025

5.097 03/27/2024

4.800 05/05/2025

4.251 02/01/2027

5.000 06/10/2024

4.902 12/14/2027

5.105 02/27/2025

5.000 12/26/2023

0.900 07/29/2026

0.801 11/26/2027

2.500 05/31/2024

5.154 11/25/2024

5.000 05/01/2024

2.241 10/31/2023

5.108 12/13/2024

5.000 05/27/2025

0.901 12/21/2028

4.897 02/12/2024

5.000 12/05/2023

4.503 01/27/2026

1.151 10/18/2027

4.595 08/09/2024

0.400 06/30/2025

1.930 03/10/2026

3.299 01/03/2024

1.800 08/30/2024

1.168 05/19/2026

1.039 01/29/2029

1.902 11/08/2024

2.602 04/26/2024
750
806
178
582
1,219
253
1,535
515
86 Harborstone Credit Union
Huntington National Bank
Healthcare Systems FCU
IC Federal Credit Union
INS Bank
Insight Credit Union
Interstate Credit Union
Inst. for Sav in Newburyport
Jonesboro State Bank
Kansas State Bank Manhattan
Kembra Financial Credit Union
Key Bank
1,032
1,517
243
421
213
30Knox TVA Empl Credit Union
Valley Strong Credit Union
Lafayette Federal Credit Union
Legacy Bank & Trust Company
Local Gov't Fed. Credit Union
Liberty Federal Credit Union
Liberty First Credit Union
Live Oak Banking Company
Machias Savings Bank
Malaga Bank FSB
439
604
1,908
134
65 849
1,478
313
638
891
94 Meritrust Federal Credit Union
Medallion Bank - Salt Lake
Merchants State Bank
Merrick Bank
334
961
1,947
404
208
Minwest Bank MV
Maine Savings Credit Union
Mainstreet Bank
Portfolio CPA
AP
Run Date: 10/23/2023 - 01:14 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Item 12
Attachment B - Investment Portfolio

Item 12: Staff Report
Pg.
14 Packet Pg. 489 of 511

Fund ALL - Portfolio Listings
Investments by Fund Page 5
September 30, 2023
Purchase Current
Rate
Maturity Days To
Date Maturity
YTM
360
YTM
365Par Value Market ValueCUSIP Investment # Issuer Date Book Value Negotiable Certificates of Deposits
62384RAR7
61690UY20
61768EQV8
625925AP7
63008MAW1
642858AA2
23204HNL8
654062LK2
664122AS7
64907LAN3
67054NAN3
67117NAA6
67886WAD9
68609EAC5
69506YSA8
70146NAA5
70320KAR2
710665GD6
732329BD8
70962LAE2
740367HP5
693963AE0
724468AC7
710275AD0
732770BJ0
74048CAT9
712303BF2
744562AS8
75102EAC2
76857RCF9
75472RAU5
2719 NCD
2815 NCD
2849 NCD
1800 NCD
2896 NCD
2760 NCD
2848 NCD
2906 NCD
2854 NCD
2872 NCD
1991 NCD
2905 NCD
2751 NCD
2765 NCD
2420 NCD
2825 NCD
2429 NCD
2468 NCD
2686 NCD
2565 NCD
2047 NCD
2852 NCD
2873 NCD
2853 NCD
2488 NCD
2895 NCD
2863 NCD
2796 NCD
2798 NCD
2892 NCD
2188 NCD
Mountain America FD Credit Uni
Morgan Stanley Bank NA
Morgan Stanley Bank NA
Municipal Trust and Savings
Nano Banc
11/09/2022
02/02/2023
03/23/2023
05/22/2017
05/17/2023
12/14/2022
03/22/2023
05/30/2023
03/28/2023
04/17/2023
11/28/2018
05/16/2023
12/14/2022
12/21/2022
09/30/2020
02/21/2023
10/13/2020
12/30/2020
09/15/2022
09/01/2021
08/16/2019
03/27/2023
04/14/2023
03/30/2023
02/24/2021
05/12/2023
03/30/2023
01/20/2023
01/25/2023
05/12/2023
12/30/2019
248,840.01
249,000.00
249,000.00
245,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
245,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
248,797.20
247,789.76
249,000.00
248,636.59
245,000.00
249,000.00
249,000.00
249,000.00
247,937.21
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
245,000.00
249,000.00
249,000.00
249,000.00
245,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
245,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
245,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
245,000.00
246,026.94
242,130.09
247,618.05
240,504.25
245,185.32
246,213.69
248,066.25
247,506.00
248,422.32
246,507.51
244,250.30
247,543.35
247,035.39
248,531.88
225,110.94
248,564.25
224,682.66
192,011.37
233,400.15
218,402.88
237,329.05
247,252.02
239,769.57
244,864.11
192,623.91
246,198.75
248,477.10
244,084.74
247,540.86
245,713.20
233,705.50

4.850

4.250

5.250

2.350

4.900

5.000

5.300

5.150

5.450

5.000

3.550

5.150

5.000

5.050

0.450

5.000

0.500

0.900

3.500

0.850

2.000

5.150

4.350

4.800

1.000

4.900

5.450

4.750

4.900

4.950

1.850

4.825

4.191

5.178

2.317

4.838

4.931

5.227

5.082

5.375

4.939

3.503

5.082

4.938

4.978

0.443

4.930

0.533

0.967

3.453

0.889

1.972

5.087

4.290

4.735

1.055

4.838

5.375

4.687

4.828

4.888

1.824

4.892 05/09/2025

4.250 02/02/2026

5.250 03/24/2025

2.349 05/02/2024

4.905 05/17/2028

5.000 12/15/2025

5.300 09/23/2024

5.153 12/02/2024

5.450 03/28/2028

5.007 06/17/2025

3.551 11/28/2023

5.153 11/18/2024

5.006 12/16/2024

5.047 03/21/2024

0.450 09/30/2025

4.999 02/21/2024

0.540 10/14/2025

0.981 12/31/2029

3.501 09/15/2027

0.901 09/01/2026

2.000 08/16/2024

5.157 03/27/2025

4.350 04/13/2028

4.800 03/30/2027

1.070 02/25/2030

4.905 06/14/2027

5.450 03/30/2028

4.752 01/20/2028

4.895 07/25/2024

4.955 05/12/2028

1.850 12/30/2024
586
855
540
214
1,690
806New Brunswick Postal FCU
Customers Bank 358
Nicolet National Bank 428
Northeast Community Bank
New Valley Bank & Trust
Numerica Credit Union
Oahu Fed Credit Union Bank
Oklahomas Credit Union
Oregon State Credit Union
Pacific Western Bank
1,640
625
58 414
442
172
730
Parkside Credit Union
Pathfinder Bank
143
744
People's Bank 2,283
1,445
1,066
320
Ponce De Leon Federal Bank
Pentagon Fed Cred Union
Preferred Bank LA California
Pacific Alliance Bank 543
Pitney Bowes Bank, Inc.

People Bank / Coldwater OH
Pony Express Bank
1,656
1,276
2,339
1,352
1,642
1,572
298
Premier Community Bank
People's Security Bank & Trust
Public Service Credit Union
Raiz Federal Credit Union
RiverBank 1,685
456Rayond James Bank NA
Portfolio CPA
AP
Run Date: 10/23/2023 - 01:14 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Item 12
Attachment B - Investment Portfolio

Item 12: Staff Report
Pg.
15 Packet Pg. 490 of 511

Fund ALL - Portfolio Listings
Investments by Fund Page 6
September 30, 2023
Purchase Current
Rate
Maturity Days To
Date Maturity
YTM
360
YTM
365Par Value Market ValueCUSIP Investment # Issuer Date Book Value Negotiable Certificates of Deposits
77535MAC7
7954504D4
805508BT4
856285UJ8
84229LBV3
15987UAJ7
81618LAE7
79772FAF3
819866BR4
82671DAB3
87164DVY3
86804DCQ9
84611JAB9
78472EAC8
33646CNJ9
84133PFL7
791125AB3
84485EAG2
84503PAD2
87165FZN7
87868YAH6
882214AA7
88413QCK2
89235MLC3
89841MAM9
88283MBR4
902684AB5
903572BC8
90407LAD5
90307LAA2
91334AAC7
2717 NCD
2102 NCD
2710 NCD
2403 NCD
2882 NCD
2799 NCD
2857 NCD
2297 NCD
2718 NCD
2804 NCD
2886 NCD
2491 NCD
2807 NCD
2827 NCD
2754 NCD
2821 NCD
2728 NCD
2333 NCD
2890 NCD
2563 NCD
2797 NCD
2464 NCD
2157 NCD
2551 NCD
2745 NCD
2869 NCD
2832 NCD
1639 NCD
2742 NCD
2786 NCD
2711 NCD
Rogue Credit Union 11/09/2022
09/18/2019
10/28/2022
09/04/2020
04/28/2023
01/19/2023
03/31/2023
03/27/2020
10/31/2022
01/31/2023
04/28/2023
02/17/2021
01/27/2023
02/27/2023
12/16/2022
02/06/2023
11/22/2022
03/31/2020
05/12/2023
08/20/2021
01/19/2023
12/23/2020
11/25/2019
07/15/2021
12/14/2022
04/06/2023
02/24/2023
06/24/2016
12/09/2022
01/17/2023
10/28/2022
248,825.00
245,000.00
248,594.18
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
248,827.11
249,000.00
249,000.00
248,220.66
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
248,778.00
245,000.00
249,000.00
249,000.00
199,714.81
249,000.00
245,000.00
249,000.00
249,000.00
249,000.00
249,000.00
245,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
245,000.00
249,000.00
249,000.00
200,000.00
249,000.00
245,000.00
249,000.00
249,000.00
249,000.00
246,256.02
236,314.75
245,782.92
226,052.16
236,181.48
248,260.47
247,528.41
232,829.94
246,253.53
240,648.54
247,735.08
205,539.54
248,676.30
239,988.69
246,636.99
245,416.89
248,828.19
243,758.55
248,367.54
219,217.11
246,851.13
222,319.65
234,881.50
220,374.96
248,773.41
199,646.00
245,670.87
242,937.10
248,233.08
248,556.78
245,128.05

4.900

1.900

4.900

0.500

4.000

4.650

5.400

1.100

5.000

4.400

5.000

0.800

5.050

4.350

5.050

4.550

4.950

1.150

5.100

0.900

5.100

0.450

1.950

0.950

5.000

0.450

4.850

1.700

4.950

4.850

4.600

4.868

1.873

4.877

0.493

4.935 11/10/2025

1.900 09/18/2024

4.945 10/28/2027

0.500 09/04/2025
04/28/2028
771
353Sallie Mae Bank
Sawyer Savings Bank
State Bank of India
1,488
704
Southern Bank 1,671
109Charles Schwab Bank
Select Bank Forest VA
San Francisco Credit Union
Sharonview Fed Credit Union
Signature Federal Credit Union
Synovus Bank

4.586

5.332

1.085

4.966

4.341

4.945

0.861

4.985

4.290

4.980

4.487

4.881

1.134

5.031

0.887

5.031

0.483

1.923

0.936

4.931

5.183

4.787

1.676

4.879

4.783

4.539

4.650 01/18/2024

5.406 03/31/2028

1.100 03/27/2025

5.035 10/31/2025

4.401 01/31/2028

5.013 07/29/2024

0.873 02/17/2028

5.054 01/26/2024

4.349 02/28/2028

5.050 06/16/2028

4.550 02/06/2025

4.949 11/22/2023

1.150 03/28/2024

5.101 05/10/2024

0.900 08/20/2026

5.100 07/21/2025

0.490 12/23/2025

1.950 11/25/2024

0.950 07/15/2026

5.000 12/14/2023

5.255 10/12/2023

4.854 08/25/2025

1.700 12/26/2023

4.947 03/08/2024

4.849 01/17/2024

4.602 04/28/2025
1,643
543
761
1,583
302
Sunwest Bank 1,600
117Space Age Federal Credit Union
SPCO Credit Union 1,611
1,720
494
First Source Bank
Southeast Bank
ST Lawrence Federal CU
Southwest Financial Fed. Credi
Southwest Heritage Cr. Union
Synchrony Bank
52 179
222
1,054
659Technology Credit Union
Texas Bank Henderson
Third Federal Savings and Loan
Toyota Financial Savings Bank
Trustone Fin. Credit Union
Texas Trust Credit Union Bank
Ufirst Federal Credit Union
Uinta Bank
814
421
1,018
74 11
694
86 Umassfive College Fed Cr Union
Uncle Credit Union
159
108
United Heritage Credit Union 575
Portfolio CPA
AP
Run Date: 10/23/2023 - 01:14 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Item 12
Attachment B - Investment Portfolio

Item 12: Staff Report
Pg.
16 Packet Pg. 491 of 511

Fund ALL - Portfolio Listings
Investments by Fund Page 7
September 30, 2023
Purchase Current
Rate
Maturity Days To
Date Maturity
YTM
360
YTM
365Par Value Market ValueCUSIP Investment # Issuer Date Book Value Negotiable Certificates of Deposits
39573LBM9
90352RAU9
90353EAR4
92891CCE0
938828BJ8
930584AC1
939769AC9
95960NKE6
949764AF1
98321PAJ9
98138MAX8
956310BM7
2552 NCD
2325 NCD
2546 NCD
2136 NCD
2049 NCD
2894 NCD
2780 NCD
2342 NCD
2843 NCD
2446 NCD
2749 NCD
2855 NCD
Greenstate Credit Union
USAlliance Federal Credit Unio
USF Federal Credit Union
Vystar Credit Union
07/21/2021
03/31/2020
07/15/2021
10/18/2019
08/23/2019
05/15/2023
12/29/2022
05/13/2020
03/17/2023
11/27/2020
12/14/2022
03/28/2023
249,000.00
248,925.41
247,642.64
245,660.21
245,000.00
249,000.00
249,000.00
248,000.00
249,000.00
248,838.70
249,000.00
249,000.00
249,000.00
249,000.00
249,000.00
245,000.00
245,000.00
249,000.00
249,000.00
248,000.00
249,000.00
249,000.00
249,000.00
249,000.00
219,993.99
233,078.94
193,179.18
244,130.25
237,255.55
247,610.58
248,723.61
225,883.36
247,620.54
223,422.72
247,032.90
248,492.04

0.950

1.150

1.750

3.650

2.050

5.000

5.000

1.050

5.250

0.500

5.100

5.450

0.937

1.155

1.801

2.170

2.024

4.950

4.931

1.035

5.185

0.515

5.032

5.381

0.950 07/21/2026

1.171 03/31/2025

1.826 07/15/2031

2.200 12/11/2023

2.052 08/23/2024

5.019 08/15/2024

4.999 12/29/2023

1.050 11/13/2025

5.257 03/17/2025

0.522 11/28/2025

5.102 12/14/2027

5.456 03/28/2028
1,024
547
2,844
71 Washington Federal 327
Wahoo State Bank 319
Washington State Emp CU
Western State Bank
89 774
Wells Fargo Bank 533
Wyoming Bank & Trust
Workers Fed Credit Union
West Town Bank and Trust
789
1,535
1,640
Subtotal and Average 47,579,851.12 47,612,000.00 45,471,574.68 3.313 3.360 787 Corporate Medium Term Bonds
037833CU2
037833DF4
037833EB2
037833CJ7
02079KAH0
02079KAC1
02079KAJ6
02079KAJ6
478160CN2
478160BY9
478160BY9
594918BX1
594918BJ2
594918BJ2
525555AB4
85440KAC8
85440KAC8
2053 MTN
2401 MTN
2489 MTN
2667 MTN
2507 MTN
2675 MTN
2689 MTN
2837 MTN
2466 MTN
2508 MTN
2509 MTN
2212 MTN
2450 MTN
2506 MTN
2182 MTN
2648 MTN
2658 MTN
Apple, Inc. 08/06/2019
08/28/2020
02/08/2021
02/23/2022
03/01/2021
03/14/2022
09/14/2022
02/15/2023
12/23/2020
03/01/2021
03/01/2021
01/22/2020
11/18/2020
03/01/2021
12/12/2019
01/07/2022
02/01/2022
1,506,927.11
1,540,214.24
700,094.73
777,258.78
199,160.41
993,734.91
905,042.39
2,483,527.58
2,002,417.17
2,073,095.37
1,036,538.31
1,806,483.84
3,065,208.38
188,247.74
1,015,657.22
1,488,888.59
489,819.37
1,500,000.00
1,500,000.00
700,000.00
1,474,320.00
1,449,795.00
631,113.00
709,222.50
183,188.00
920,120.00
857,880.00
2,402,064.00
1,829,360.00
1,878,540.00
939,270.00
1,782,918.00
2,797,622.80
172,456.20
1,003,380.00
1,312,575.00
437,525.00

2.850

2.750

0.700

3.350

0.450

1.998

0.800

0.800

0.550

2.450

2.450

2.875

3.125

3.125

6.875

1.289

1.289

1.998

0.620

0.684

2.115

0.668

2.197

3.442

3.964

0.479

0.812

0.812

1.727

0.572

0.753

1.934

1.479

1.849

2.025 05/11/2024

0.628 01/13/2025

0.694 02/08/2026

2.145 02/09/2027

0.678 08/15/2025

2.228 08/15/2026

3.489 08/15/2027

4.020 08/15/2027

0.486 09/01/2025

0.823 03/01/2026

0.824 03/01/2026

1.751 02/06/2024

0.580 11/03/2025

0.763 11/03/2025

1.960 02/01/2024

1.500 06/01/2027

1.875 06/01/2027
223
470Apple, Inc.

Apple, Inc. 861
Apple, Inc. 750,000.00 1,227
684Alphabet (Google) Inc.

Alphabet (Google) Inc.

Alphabet (Google) Inc.

Alphabet (Google) Inc.

Johnson & Johnson
Johnson & Johnson
Johnson & Johnson
Microsoft Corporation
Microsoft Corporation
Microsoft Corporation
Stanford University
Stanford University
Stanford University
200,000.00
1,000,000.00
1,000,000.00
2,800,000.00
2,000,000.00
2,000,000.00
1,000,000.00
1,800,000.00
2,920,000.00
180,000.00
1,049
1,414
1,414
701
882
882
128
764
764
1,000,000.00
1,500,000.00
500,000.00
123
1,339
1,339
Portfolio CPA
AP
Run Date: 10/23/2023 - 01:14 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Item 12
Attachment B - Investment Portfolio

Item 12: Staff Report
Pg.
17 Packet Pg. 492 of 511

Fund ALL - Portfolio Listings
Investments by Fund Page 8
September 30, 2023
Purchase Current
Rate
Maturity Days To
Date Maturity
YTM
360
YTM
365Par Value Market ValueCUSIP Investment # Issuer Date Book Value Corporate Medium Term Bonds
85440KAC8
85440KAC8
98459LAA1
98459LAA1
2709 MTN
2761 MTN
2376 MTN
2511 MTN
Stanford University
Stanford University
Yale University
10/19/2022
12/12/2022
07/01/2020
03/01/2021
1,366,641.72
406,618.57
1,530,000.00
450,000.00
1,338,826.50
393,772.50

1.289

1.289

0.873

0.873

4.487

4.142

0.616

0.638

4.550 06/01/2027

4.200 06/01/2027

0.625 04/15/2025

0.646 04/15/2025
1,339
1,339
5622,007,365.24
3,010,079.51
2,000,000.00
3,000,000.00
1,868,120.00
2,802,180.00Yale University 562
Subtotal and Average 29,063,021.18 29,330,000.00 27,184,248.50 1.580 1.602 805 Federal Agency Bonds
31315PL23
31315PEM7
31315P2J7
31315P2J7
31315PRA9
3132X0WL1
3130H0AU7
3130H0AU7
31315P4B2
31422BEJ5
31315PCY3
31315PEM7
31315PB99
31422BZS2
31422BF54
31422BF54
31422BH78
31422BX54
31422BZ45
31422B2E9
31422B3D0
31422B4A5
31422B3W8
31422B3D0
31422B6K1
1428 Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
01/09/2015
04/08/2016
04/21/2016
04/26/2016
10/18/2016
10/06/2017
01/09/2018
01/11/2018
12/14/2018
04/09/2019
04/08/2019
09/09/2019
03/11/2020
05/13/2020
06/24/2020
06/24/2020
07/08/2020
10/08/2020
10/21/2020
10/29/2020
11/20/2020
12/11/2020
12/16/2020
12/09/2020
01/15/2021
405,317.93
489,781.46
404,000.00
474,000.00
399,652.96
466,311.72

3.330

4.350

3.300

3.300

4.810

2.250

2.625

2.625

3.460

2.350

5.250

4.350

2.850

1.500

1.400

1.400

1.400

1.300

1.280

1.340

1.150

1.300

1.450

1.150

0.480

2.540

2.296

2.084

2.159

2.131

2.332

2.546

2.623

3.018

2.365

2.420

1.659

1.050

1.479

1.380

1.380

1.380

1.286

1.262

1.321

1.134

1.282

1.430

1.144

0.493

2.575 03/27/2024

2.328 08/04/2025

2.112 05/01/2024

2.189 05/01/2024

2.160 02/03/2026

2.365 08/23/2024

2.581 08/01/2024

2.660 08/01/2024

3.060 01/30/2024

2.398 04/09/2024

2.454 11/20/2024

1.683 08/04/2025

1.064 11/19/2027

1.500 05/13/2030

1.400 06/24/2030

1.400 06/24/2030

1.400 07/08/2030

1.304 09/27/2030

1.280 10/21/2030

1.340 10/29/2030

1.150 11/20/2030

1.300 12/11/2030

1.450 12/16/2030

1.160 11/20/2030

0.500 01/15/2026
178
6731580
1595 1,509,506.68
1,508,863.67
1,583,784.66
999,053.63
1,500,000.00
1,500,000.00
1,500,000.00
1,000,000.00
1,000,000.00
1,500,000.00
549,000.00
1,480,290.00
1,480,290.00
1,498,440.00
969,930.00
213
1604 213
1710 856
1867 327
1893 1,000,328.96
1,499,599.31
549,666.23
974,970.00 305
1901 1,462,455.00
545,178.96
305
1999 121
2034 999,762.91 1,000,000.00
678,000.00
983,510.00 191
2035 697,999.48 675,959.22 416
2098 575,611.13 550,000.00 541,079.00 673
2301 1,679,869.08
2,000,000.00
1,750,000.00
2,000,000.00
1,500,000.00
2,000,000.00
2,000,000.00
2,000,000.00
1,500,000.00
1,500,000.00
2,000,000.00
999,282.60
1,569,000.00
2,000,000.00
1,750,000.00
2,000,000.00
1,500,000.00
2,000,000.00
2,000,000.00
2,000,000.00
1,500,000.00
1,500,000.00
2,000,000.00
1,000,000.00
1,500,000.00
1,451,356.38
1,582,180.00
1,371,650.00
1,567,600.00
1,174,065.00
1,539,960.00
1,534,040.00
1,539,740.00
1,159,732.50
1,145,880.00
1,544,620.00
773,155.00
1,510
2,416
2,458
2,458
2,472
2,553
2,577
2,585
2,607
2,628
2,633
2,607
837
2340 Call
2366 Call
2367 Call
2381 Call
2425 Call
2435 Call
2439 Call
2449
2458 Call
2459 Call
2461
2471 1,499,313.33 1,359,660.00
Portfolio CPA
AP
Run Date: 10/23/2023 - 01:14 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Item 12
Attachment B - Investment Portfolio

Item 12: Staff Report
Pg.
18 Packet Pg. 493 of 511

Fund ALL - Portfolio Listings
Investments by Fund Page 9
September 30, 2023
Purchase Current
Rate
Maturity Days To
Date Maturity
YTM
360
YTM
365Par Value Market ValueCUSIP Investment # Issuer Date Book Value Federal Agency Bonds
31422B6A3
31422B7E4
31422XAW2
31422XCB6
31422XDX7
31422XDX7
31422XEE8
31422XEL2
31422XFJ6
31422XDX7
31422XDX7
31422XNM0
31422XPS5
31422XQM7
31422XRK0
31422XRY0
31422XN32
3133EC7D0
3133EEVD9
3133EDWX6
3133EC2C7
3133EAG44
3133ELQ31
3133ELQ31
3133EL3H5
3133EL4W1
3133EL4W1
3133EL7K4
3133EMBH4
3133EMBJ0
3133EMAZ5
2473 Call Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Agricultural Mortgage
Federal Farm Credit Bank .

Federal Farm Credit Bank .

Federal Farm Credit Bank .

Federal Farm Credit Bank .

Federal Farm Credit Bank .

Federal Farm Credit Bank .

Federal Farm Credit Bank .

Federal Farm Credit Bank .

Federal Farm Credit Bank .

Federal Farm Credit Bank .

Federal Farm Credit Bank .

Federal Farm Credit Bank .

Federal Farm Credit Bank .

Federal Farm Credit Bank .
01/15/2021
01/28/2021
02/25/2021
03/04/2021
03/29/2021
03/31/2021
04/07/2021
04/15/2021
04/29/2021
05/20/2021
06/08/2021
10/05/2021
11/17/2021
12/01/2021
01/04/2022
12/29/2021
10/24/2022
05/13/2016
05/04/2017
06/21/2017
01/15/2019
03/13/2020
07/01/2020
07/01/2020
08/12/2020
09/03/2020
09/10/2020
09/22/2020
09/29/2020
09/29/2020
10/01/2020
1,495,080.00
1,000,000.00
1,500,000.00
990,911.80
1,500,000.00
1,000,000.00
1,500,000.00
1,000,000.00
1,500,000.00
1,500,000.00
1,500,000.00
2,000,000.00
1,500,000.00
1,500,000.00
255,000.00
1,140,945.00
761,430.00

1.290

1.320

1.530

1.470

0.830

0.830

2.070

1.375

1.660

0.830

0.830

1.050

1.150

1.320

1.320

2.150

4.720

2.125

2.300

2.910

2.130

2.630

1.330

1.330

0.570

0.610

0.610

0.550

0.530

0.530

1.250

1.319

1.301

1.509

1.581

0.828

0.913

2.074

1.311

1.627

0.864

0.820

1.035

1.272

1.301

1.301

2.120

4.655

1.930

2.274

2.143

2.662

1.089

1.311

1.311

0.587

0.611

0.611

0.542

0.522

0.537

1.246

1.338 01/15/2031

1.320 01/28/2031

1.530 02/25/2031

1.602 03/04/2031

0.840 03/27/2026

0.926 03/27/2026

2.103 04/07/2031

1.330 04/13/2028

1.650 04/29/2031

0.876 03/27/2026

0.831 03/27/2026

1.050 10/05/2026

1.290 11/17/2026

1.320 12/01/2026

1.320 01/04/2027

2.150 12/29/2031

4.720 10/24/2023

1.956 12/13/2024

2.306 03/25/2024

2.172 10/07/2024

2.699 11/09/2023

1.104 08/03/2026

1.330 07/01/2030

1.330 07/01/2030

0.595 08/12/2025

0.620 08/25/2025

0.620 08/25/2025

0.549 09/16/2025

0.530 09/29/2025

0.545 09/29/2025

1.263 06/24/2030
2,663
2,676
2,704
2,711
908
2484 Call
2496 Call
2513
1,157,745.00
786,980.00
2519 1,499,626.25
1,496,482.85
1,496,842.50
2,003,875.84
1,501,023.00
1,498,320.58
254,989.16
1,359,630.00
1,359,630.00
1,201,995.00
1,716,760.00
1,170,225.00
1,359,630.00
231,137.10
2524 908
2527 Call
2529
2,745
1,656
2,767
908
2530
2533
2540 908
2593 1,000,000.00
995,758.73
1,000,000.00
1,000,000.00
1,000,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,000,000.00
900,000.00
893,340.00 1,100
1,143
1,157
1,191
3,011
23 2621 891,430.00
2625 1,000,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,001,848.23
899,974.12
895,600.00
2634 1,338,840.00
1,186,185.00
1,499,190.00
960,820.00
2640 Call
2714
1615 439
1787 886,923.00 176
1822 503,446.06 500,000.00 487,550.00 372
2017 649,635.64 650,000.00 647,705.50 39
2314 1,041,697.60
1,500,000.00
1,500,000.00
1,499,301.04
1,499,713.73
1,499,712.61
1,500,000.00
1,500,000.00
1,499,551.25
1,998,270.77
1,000,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
2,000,000.00
940,260.00 1,037
2,465
2,465
681
2371 Call
2372 Call
2391 Call
2406 Call
2408 Call
2416 Call
2417 Call
2423 Call
2427 Call
1,169,115.00
1,169,115.00
1,375,080.00
1,374,240.00
1,374,240.00
1,369,770.00
1,367,280.00
1,367,280.00
1,550,960.00
694
694
716
729
729
2,458
Portfolio CPA
AP
Run Date: 10/23/2023 - 01:14 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Item 12
Attachment B - Investment Portfolio

Item 12: Staff Report
Pg.
19 Packet Pg. 494 of 511

Fund ALL - Portfolio Listings
Investments by Fund Page 10
September 30, 2023
Purchase Current
Rate
Maturity Days To
Date Maturity
YTM
360
YTM
365Par Value Market ValueCUSIP Investment # Issuer Date Book Value Federal Agency Bonds
3133EMFG2
3133EMFG2
3133EMNB4
3133EMRE4
3133EMUG5
3133EN5S5
3133EPFB6
3133EPFB6
3133EPHA6
3133EPHA6
3133EPHJ7
3130A3VC5
3130AJMF3
3130AJP78
3130AJP78
3130AJR76
3130AJRG6
3130AJSR1
3130AJSR1
3130AJSR1
3130AJZ36
3130AJZ36
3130AK3Z7
3130AJZ36
3130AKAZ91
3130AJQS1
3130AKQN9
3130AKQV1
3130AKVH6
3130AKYB6
3130AL2J2
2442 Call Federal Farm Credit Bank .

Federal Farm Credit Bank .

Federal Farm Credit Bank .

Federal Farm Credit Bank .

Federal Farm Credit Bank .

Federal Farm Credit Bank .

Federal Farm Credit Bank .

Federal Farm Credit Bank .

Federal Farm Credit Bank .

Federal Farm Credit Bank .

Federal Farm Credit Bank .

Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
11/04/2020
11/04/2020
01/14/2021
04/01/2021
05/27/2021
01/10/2023
04/12/2023
04/14/2023
04/28/2023
04/28/2023
04/28/2023
01/03/2018
05/28/2020
06/11/2020
06/11/2020
06/29/2020
06/24/2020
07/09/2020
07/09/2020
07/09/2020
08/27/2020
08/27/2020
09/29/2020
09/16/2020
09/29/2020
11/04/2020
01/28/2021
01/28/2021
02/10/2021
02/18/2021
02/26/2021
1,500,000.00
1,500,000.00
1,500,000.00
1,455,685.54
1,004,484.53
1,500,000.00
1,000,000.00
1,000,000.00
1,000,000.00
1,000,000.00
2,000,000.00
999,753.97
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,000,000.00
1,500,000.00
1,000,000.00
1,000,000.00
1,000,000.00
1,000,000.00
2,000,000.00
1,000,000.00
1,500,000.00
1,000,000.00
1,000,000.00
900,000.00
1,156,440.00
1,156,440.00
1,149,015.00
1,148,670.00
796,860.00

1.370

1.370

1.380

1.420

1.980

5.900

5.840

5.840

5.800

5.800

6.080

2.250

1.320

1.400

1.400

1.250

1.360

1.390

1.390

1.390

0.600

0.600

0.570

0.600

0.520

1.350

1.400

1.400

1.350

1.400

1.500

1.351

1.351

1.361

1.834

1.887

5.819

5.760

5.759

5.720

5.720

5.996

2.359

1.301

1.380

1.427

1.232

1.341

1.370

1.370

1.382

0.611

0.611

0.582

0.591

0.512

1.334

1.380

1.380

1.331

1.380

1.479

1.370 11/04/2030

1.370 11/04/2030

1.380 01/14/2031

1.859 02/18/2031

1.913 03/24/2031

5.900 01/10/2033

5.840 04/12/2032

5.839 04/12/2032

5.800 04/28/2031

5.800 04/28/2031

6.080 04/28/2033

2.392 12/08/2023

1.320 11/28/2028

1.400 06/11/2029

1.447 06/11/2029

1.250 06/29/2029

1.360 06/24/2030

1.390 07/09/2030

1.390 07/09/2030

1.401 07/09/2030

0.620 08/27/2025

0.620 08/27/2025

0.590 09/29/2025

0.599 08/27/2025

0.520 09/29/2025

1.353 06/25/2030

1.400 01/09/2031

1.400 01/28/2031

1.350 02/10/2031

1.400 02/18/2031

1.500 02/26/2031
2,591
2,591
2,662
2,697
2,731
3,389
3,116
3,116
2,766
2,766
3,497
68 2443 Call
2472 Call
2525 Call
2538 Call
2789 Call
2865 Call
2880 Call
2884 Call
2887 Call
2888 Call
1886
1,460,205.00
971,920.00
971,920.00
973,080.00
973,080.00
1,987,500.00
993,060.00
2347 Call
2358 Call
2361 Call
2368 Call
2369 Call
2375 Call
2377 Call
2384 Call
2395 Call
2399 Call
2405 Call
2411 Call
2419 Call
2445 Call
2475 Call
2476 Call
2485 Call
2490 Call
2494 Call
1,500,000.00
1,000,000.00
997,469.14
1,241,460.00
813,090.00
1,885
2,080
2,080
2,098
2,458
2,473
2,473
2,473
696
813,090.00
900,000.00 723,987.00
1,500,000.00
1,500,000.00
1,500,000.00
1,498,882.58
1,499,428.33
1,499,428.33
1,499,401.67
1,180,000.00
1,500,000.00
1,199,731.83
1,500,000.00
1,500,000.00
1,500,000.00
2,000,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,180,000.00
1,500,000.00
1,200,000.00
1,500,000.00
1,500,000.00
1,500,000.00
2,000,000.00
1,500,000.00
1,172,355.00
1,173,090.00
1,173,090.00
1,173,090.00
1,373,700.00
1,373,700.00
1,368,405.00
1,080,644.00
1,366,995.00
937,140.00
696
729
696
729
2,459
2,657
2,676
2,689
2,697
2,705
1,151,370.00
1,149,240.00
1,143,285.00
1,529,160.00
1,154,970.00
Portfolio CPA
AP
Run Date: 10/23/2023 - 01:14 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Item 12
Attachment B - Investment Portfolio

Item 12: Staff Report
Pg.
20 Packet Pg. 495 of 511

Fund ALL - Portfolio Listings
Investments by Fund Page 11
September 30, 2023
Purchase Current
Rate
Maturity Days To
Date Maturity
YTM
360
YTM
365Par Value Market ValueCUSIP Investment # Issuer Date Book Value Federal Agency Bonds
3130ALF66
3130ALF33
3130APPJ8
3130APV77
3130APW84
3130APXD2
3130APWY7
3130APXT7
3130AQSM6
3130AQX65
3130AQYA5
3130AQYG2
3130AQZD8
3130ATKJ5
3130ATYM3
3130AUFY5
3130AUJJ4
3130AULM4
3130AUU28
3130AVCN0
3130AVYF3
3134GVUA4
3134GV3B2
3134GV3U0
3134GV4E5
3134GV5D6
3134GV5A2
3134GV7L6
3134GV7L6
3134GWNC6
3134GWC53
2500 Call Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Federal Home Loan Bank
Fed. Home Loan Mortgage Corp.

Fed. Home Loan Mortgage Corp.

Fed. Home Loan Mortgage Corp.

Fed. Home Loan Mortgage Corp.

Fed. Home Loan Mortgage Corp.

Fed. Home Loan Mortgage Corp.

Fed. Home Loan Mortgage Corp.

Fed. Home Loan Mortgage Corp.

Fed. Home Loan Mortgage Corp.

Fed. Home Loan Mortgage Corp.
02/25/2021
03/25/2021
11/04/2021
12/10/2021
12/03/2021
12/17/2021
12/07/2021
12/17/2021
02/25/2022
03/04/2022
02/28/2022
02/28/2022
02/25/2022
10/14/2022
11/22/2022
01/05/2023
01/30/2023
01/26/2023
02/08/2023
03/13/2023
05/24/2023
05/18/2020
06/30/2020
06/29/2020
07/01/2020
07/08/2020
07/15/2020
07/29/2020
07/29/2020
08/20/2020
09/15/2020
1,500,000.00
1,919,673.20
1,000,000.00
1,000,000.00
1,000,000.00
1,000,000.00
1,000,000.00
1,000,000.00
1,000,000.00
1,000,000.00
1,000,000.00
1,500,000.00
1,000,000.00
1,499,465.92
1,499,936.25
1,499,596.58
1,094,594.59
1,500,000.00
1,000,000.00
499,977.50
1,500,000.00
1,925,000.00
1,000,000.00
1,000,000.00
1,000,000.00
1,000,000.00
1,000,000.00
1,000,000.00
1,000,000.00
1,000,000.00
1,000,000.00
1,500,000.00
1,000,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,094,594.59
1,500,000.00
1,000,000.00
500,000.00
1,166,235.00
1,728,111.00
785,780.00
895,410.00
895,490.00
895,830.00
890,890.00
897,280.00
904,530.00
910,180.00
910,580.00
1,376,805.00
921,490.00
1,490,040.00
1,498,605.00
1,496,505.00
1,077,595.54
1,446,885.00
997,510.00
499,600.00
976,540.00
382,909.80
1,175,265.00
1,206,645.00
1,227,480.00
1,224,435.00
1,171,155.00
1,167,480.00
1,167,480.00
916,990.00
1,372,485.00

1.625

0.750

2.000

1.500

1.500

1.550

1.350

1.600

2.050

2.250

2.250

2.500

2.625

4.375

4.875

4.750

5.555

5.620

5.000

5.375

6.000

1.200

1.400

1.250

1.200

1.200

1.375

1.350

1.350

0.625

0.650

1.602

0.853

1.972

1.479

1.479

1.528

1.331

1.578

2.021

2.219

2.219

2.470

2.589

4.400

4.838

4.790

5.479

5.543

4.931

5.311

5.917

1.183

1.380

1.232

1.183

1.183

1.356

1.331

1.331

0.616

0.641

1.625 02/25/2031

0.865 03/16/2026

2.000 11/04/2031

1.500 12/10/2026

1.500 12/03/2026

1.550 12/17/2026

1.350 12/07/2026

1.600 12/17/2026

2.050 02/25/2027

2.250 03/04/2027

2.250 02/24/2027

2.504 02/25/2027

2.625 02/25/2027

4.461 03/08/2024

4.906 11/22/2023

4.856 01/05/2024

5.555 01/27/2028

5.620 01/26/2033

5.000 02/08/2024

5.385 03/13/2024

6.000 05/24/2033

1.200 05/18/2028

1.400 06/28/2030

1.250 06/29/2029

1.199 12/29/2028

1.200 01/08/2029

1.375 07/15/2030

1.350 07/29/2030

1.350 07/29/2030

0.625 08/19/2025

0.650 09/15/2025
2,704
8972520 Call
2607 Call
2613 Call
2616 Call
2618 Call
2619 Call
2620 Call
2659 Call
2662 Call
2663 Call
2664 Call
2665 Call
2703
2,956
1,166
1,159
1,173
1,163
1,173
1,243
1,250
1,242
1,243
1,243
159
2737 52
2787 96
2794 Call
2802 Call
2824
1,579
3,405
130
2844 164
2902 Call
2345 Call
2370 Call
2373 Call
2379 Call
2380 Call
2382 Call
2386 Call
2387 Call
2396 Call
2400 Call
1,000,000.00
455,000.00
1,000,000.00
455,000.00
3,523
1,691
2,462
2,098
1,916
1,926
2,479
2,493
2,493
688
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,000,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,000,000.00
1,500,000.00 715
Portfolio CPA
AP
Run Date: 10/23/2023 - 01:14 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Item 12
Attachment B - Investment Portfolio

Item 12: Staff Report
Pg.
21 Packet Pg. 496 of 511

Fund ALL - Portfolio Listings
Investments by Fund Page 12
September 30, 2023
Purchase Current
Rate
Maturity Days To
Date Maturity
YTM
360
YTM
365Par Value Market ValueCUSIP Investment # Issuer Date Book Value Federal Agency Bonds
3134GWA55
3134GWD52
3134GWP75
3134GWP75
3134GWVV5
3134GWW93
3134GWW93
3134GWXK7
3134GWXX9
3134GWY26
3134GWYZ3
3134GWZ33
3134GWZL3
3134GW3T1
3134GW3H7
3134GWZZ2
3134GW3Z7
3134GW3X2
3134GW6N1
3134GW6N1
31364CCC0
3136G4R62
3136G4S87
3136G4Q97
3136G4V59
3136G44G5
3136G43L5
3136G44L4
3135G05Q2
3135GAAS0
3135G06Q1
2404 Call Fed. Home Loan Mortgage Corp.

Fed. Home Loan Mortgage Corp.

Fed. Home Loan Mortgage Corp.

Fed. Home Loan Mortgage Corp.

Fed. Home Loan Mortgage Corp.

Fed. Home Loan Mortgage Corp.

Fed. Home Loan Mortgage Corp.

Fed. Home Loan Mortgage Corp.

Fed. Home Loan Mortgage Corp.

Fed. Home Loan Mortgage Corp.

Fed. Home Loan Mortgage Corp.

Fed. Home Loan Mortgage Corp.

Fed. Home Loan Mortgage Corp.

Fed. Home Loan Mortgage Corp.

Fed. Home Loan Mortgage Corp.

Fed. Home Loan Mortgage Corp.

Fed. Home Loan Mortgage Corp.

Fed. Home Loan Mortgage Corp.

Fed. Home Loan Mortgage Corp.

Fed. Home Loan Mortgage Corp.

Federal National Mortgage Asso
Federal National Mortgage Asso
Federal National Mortgage Asso
Federal National Mortgage Asso
Federal National Mortgage Asso
Federal National Mortgage Asso
Federal National Mortgage Asso
Federal National Mortgage Asso
Federal National Mortgage Asso
Federal National Mortgage Asso
Federal National Mortgage Asso
09/09/2020
09/04/2020
09/23/2020
09/23/2020
10/15/2020
09/30/2020
09/30/2020
09/30/2020
10/15/2020
10/08/2020
10/28/2020
10/22/2020
10/29/2020
10/28/2020
10/29/2020
10/28/2020
10/28/2020
10/27/2020
11/05/2020
11/05/2020
11/10/2016
08/28/2020
08/27/2020
08/27/2020
08/27/2020
09/22/2020
09/30/2020
09/25/2020
12/07/2020
12/23/2020
12/30/2020
1,447,000.00
1,500,000.00
1,500,000.00
1,000,000.00
1,500,000.00
2,000,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
2,000,000.00
1,500,000.00
2,000,000.00
750,000.00
1,447,000.00
1,500,000.00
1,500,000.00
1,000,000.00
1,500,000.00
2,000,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
2,000,000.00
1,500,000.00
2,000,000.00
750,000.00
1,324,786.38
1,375,035.00
1,370,745.00
913,830.00

0.650

0.680

0.625

0.625

0.500

0.550

0.550

0.550

0.550

0.570

0.530

1.250

0.570

1.400

0.610

1.300

0.600

0.625

1.400

1.400

7.125

0.625

0.650

0.650

0.625

0.515

0.550

0.600

0.875

1.400

0.640

0.641

0.670

0.616

0.616

0.493

0.542

0.542

0.542

0.542

0.562

0.522

1.232

0.562

1.380

0.601

1.282

0.591

0.616

1.380

1.380

2.367

0.616

0.641

0.641

0.616

0.507

0.542

0.591

1.139

1.380

0.597

0.650 09/09/2025

0.679 09/02/2025

0.625 09/23/2025

0.625 09/23/2025

0.500 10/15/2025

0.550 09/30/2025

0.550 09/30/2025

0.550 09/30/2025

0.550 10/15/2025

0.570 10/08/2025

0.530 10/28/2025

1.250 10/22/2030

0.570 10/29/2025

1.400 10/28/2030

0.610 10/29/2025

1.300 10/28/2030

0.600 10/28/2025

0.625 10/27/2025

1.400 11/05/2030

1.400 11/05/2030

2.400 04/30/2026

0.625 08/28/2025

0.650 08/27/2025

0.650 08/27/2025

0.625 08/27/2025

0.515 09/22/2025

0.550 09/30/2025

0.600 09/25/2025

1.155 08/05/2030

1.400 12/23/2030

0.605 12/30/2025
709
7022407 Call
2409 Call
2410 Call
2418 Call
2421 Call
2422 Call
2424 Call
2426 Call
2428 Call
2430 Call
2431 Call
2432 Call
2433 Call
2434 Call
2436 Call
2437 Call
2438 Call
2440 Call
2444 Call
1715
723
723
1,369,365.00
1,823,600.00
1,367,700.00
1,367,700.00
1,364,835.00
1,366,515.00
1,362,240.00
1,147,800.00
1,363,245.00
1,546,800.00
1,364,535.00
1,535,240.00
682,140.00
745
730
730
730
745
738
758
2,578
759
2,584
759
2,584
758
1,500,000.00
1,500,000.00
1,500,000.00
554,241.64
1,500,000.00
1,500,000.00
1,500,000.00
500,000.00
1,365,165.00
1,158,930.00
1,158,930.00
525,845.00
757
2,592
2,592
942
2392 Call
2393 Call
2394 Call
2397 Call
2412 Call
2413 Call
2415 Call
2460
1,000,000.00
1,000,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,963,826.38
1,500,000.00
1,000,759.56
1,000,000.00
1,000,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
1,500,000.00
2,000,000.00
1,500,000.00
1,000,000.00
916,150.00 697
916,690.00 696
1,375,035.00
1,374,360.00
1,367,835.00
1,367,700.00
1,369,785.00
1,544,240.00
1,153,290.00
902,910.00
696
696
722
730
725
2,500
2,640
821
2463 Call
2467 Call
Portfolio CPA
AP
Run Date: 10/23/2023 - 01:14 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Item 12
Attachment B - Investment Portfolio

Item 12: Staff Report
Pg.
22 Packet Pg. 497 of 511

Fund ALL - Portfolio Listings
Investments by Fund Page 13
September 30, 2023
Purchase Current
Rate
Maturity Days To
Date Maturity
YTM
360
YTM
365Par Value Market ValueCUSIP Investment # Issuer Date Book Value Federal Agency Bonds
880591CJ9
880591ER9
880591CJ9
880591CJ9
1508 Tennessee Valley Authority
Tennessee Valley Authority
Tennessee Valley Authority
Tennessee Valley Authority
11/20/2015
01/15/2016
04/18/2016
11/10/2016
1,070,386.07
751,752.25
837,962.26
1,352,762.30
1,000,000.00
750,000.00
775,000.00
1,250,000.00
1,028,310.00
731,430.00
796,940.25
1,285,387.50

6.750

2.875

6.750

6.750

2.807

2.564

2.337

2.317

2.846 11/01/2025

2.600 09/15/2024

2.370 11/01/2025

2.350 11/01/2025
762
350
762
762
1519
1589
1714
Subtotal and Average 203,505,003.24 203,005,594.59 176,522,047.81 1.641 1.664 1,615 Treasury Securities (Notes)
91282CBC4
91282CBQ3
91282CCP4
91282CFN6
91282CER8
2505 TB
2516 TB
2587 TB
2701 TB
2740 TB
U.S. Treasury
U.S. Treasury
U.S. Treasury
U.S. Treasury
U.S. Treasury
02/26/2021
03/09/2021
09/24/2021
10/07/2022
11/23/2022
1,487,854.01
1,488,283.23
1,488,551.85
1,000,472.63
1,479,040.23
1,500,000.00
1,500,000.00
1,500,000.00
1,000,000.00
1,500,000.00
1,356,030.00
1,350,465.00
1,335,060.00
988,320.00

0.375

0.500

0.625

4.250

2.500

0.731

0.819

0.888

4.142

4.636

0.742 12/31/2025

0.831 02/28/2026

0.901 07/31/2026

4.199 09/30/2024

4.700 05/31/2024
822
881
1,034
365
1,470,990.00 243
Subtotal and Average 6,944,201.95 7,000,000.00 6,500,865.00 2.107 2.137 690 Municipal Bonds
010878AS5
010878BK1
010831DS1
010831DT9
010411CT1
03667PFN7
03667PHJ4
03667PHL9
072024XC1
084154G49
088006KA8
088006KB6
088023PL4
121457EQ4
119174AJ9
12082SDN1
127109QD1
2173 MUN
2691 MUN
2005 MUN
2566 MUN
2835 MUN
2069 MUN
2694 MUN
2784 MUN
2558 MUN
2817 MUN
2612 MUN
2680 MUN
2682 MUN
1548 MUN
2734 MUN
2570 MUN
2119 MUN
County of Alameda 12/05/2019
09/21/2022
12/24/2018
08/13/2021
02/15/2023
08/16/2019
09/23/2022
01/05/2023
07/26/2021
01/26/2023
11/15/2021
04/01/2022
04/13/2022
02/24/2016
11/18/2022
08/30/2021
10/08/2019
303,938.16
1,437,968.84
506,091.95
117,024.91
978,755.46
504,447.06
929,960.96
542,075.75
1,764,114.24
206,135.89
349,519.41
464,719.16
920,472.84
249,745.06
561,387.59
1,011,230.94
2,000,000.00
290,000.00
1,500,000.00
505,000.00
110,000.00
1,000,000.00
500,000.00
1,080,000.00
675,000.00
1,750,000.00
250,000.00
350,000.00
490,000.00
920,000.00
240,000.00
685,000.00
1,000,000.00
2,000,000.00
281,239.10
1,353,915.00
488,572.35
105,012.60
952,130.00
489,590.00
889,466.40
525,210.75
1,578,675.00
195,130.00
314,027.00
427,270.20
860,439.20
242,524.80
547,061.55
898,930.00
1,810,280.00

4.000

3.699

3.365

3.395

3.450

3.026

1.661

1.861

1.079

1.856

1.147

1.327

2.700

6.238

1.882

1.367

2.385

2.139

4.281

3.175

0.925

4.142

1.876

4.389

4.911

0.739

4.524

1.183

2.810

2.644

3.557

5.076

0.947

2.342

2.168 08/01/2026

4.340 08/01/2031

3.220 06/01/2025

0.938 06/01/2026

4.200 11/01/2026

1.902 08/01/2024

4.450 08/01/2029

4.980 08/01/2031

0.750 04/01/2026

4.586 08/01/2031

1.200 06/01/2026

2.850 06/01/2027

2.681 08/01/2026

3.606 08/01/2025

5.147 07/01/2030

0.960 08/01/2026

2.375 08/01/2027
1,035
2,861
609
County of Alameda
Alameda County Joint Pws Auth.

Alameda County Joint Pws Auth.

State of Alabama
974
1,127
305Antelope Valley Community Coll
Antelope Valley Community Coll
Antelope Valley Community Coll
Bay Area Toll Authority
2,131
2,861
913
Berkeley Unified School Dist.

Beverly Hills Public Fing Auth
Beverly Hills Public Fing Auth
Beverly Hills Unified Sch Dist
Burlingame School District
City of Buena Park
2,861
974
1,339
1,035
670
2,465
1,035
1,400
Burbank Unified School Distri.

Cabrillo Community College Dis
Portfolio CPA
AP
Run Date: 10/23/2023 - 01:14 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Item 12
Attachment B - Investment Portfolio

Item 12: Staff Report
Pg.
23 Packet Pg. 498 of 511

Fund ALL - Portfolio Listings
Investments by Fund Page 14
September 30, 2023
Purchase Current
Rate
Maturity Days To
Date Maturity
YTM
360
YTM
365Par Value Market ValueCUSIP Investment # Issuer Date Book Value Municipal Bonds
142665DJ4
13034AL73
13034AL99
13067WRC8
13067WRD6
15722TJR3
15722TJQ5
15722TJS1
15722TJQ5
157432KL8
17131RAU0
13124MCE3
13124MCB9
13124MCB9
134159A77
21969AAJ1
212204JJ1
212204JK8
212204JK8
212204JF9
212204LM1
250375JX1
250375LA8
250433UA5
284035AK8
3133EPAF2
357172VA0
357172C52
345102PF8
345102PG6
359819DN6
1857 MUN
2666 MUN
2893 MUN
2633 MUN
2645 MUN
2564 MUN
2589 MUN
2830 MUN
2842 MUN
2698 MUN
2653 MUN
2544 MUN
2646 MUN
2791 MUN
2753 MUN
2601 MUN
2103 MUN
2120 MUN
2244 MUN
2291 MUN
2555 MUN
2611 MUN
2738 MUN
2635 MUN
2696 MUN
2829
Carlsbad Unified School Dist .

CA Infrastructure -Econ Dev Bk
CA Infrastructure -Econ Dev Bk
CA ST Dept of WTR Resources
CA ST Dept of WTR Resources
Chabot-Las Positas CCD
09/27/2017
02/16/2022
05/08/2023
12/13/2021
12/23/2021
08/16/2021
09/29/2021
02/13/2023
03/07/2023
10/06/2022
01/10/2022
07/01/2021
12/27/2021
01/09/2023
12/07/2022
10/14/2021
09/12/2019
09/20/2019
02/07/2020
03/09/2020
08/02/2021
11/12/2021
11/23/2022
12/16/2021
09/29/2022
02/10/2023
06/28/2016
10/01/2021
10/06/2022
01/27/2023
02/14/2018
322,757.32
202,739.68
448,102.93
177,992.32
295,156.60
286,338.69
124,931.95
183,295.17
932,059.72
256,052.56
977,988.61
562,499.78
597,549.38
154,664.81
418,166.67
504,829.35
401,979.87
975,937.04
1,510,481.55
324,392.57
1,014,560.09
197,575.11
186,253.96
893,752.42
766,472.27
499,742.81
531,016.51
237,824.90
1,193,640.82
509,087.03
997,214.99
305,000.00
210,000.00
500,000.00
180,000.00
300,000.00
285,000.00
125,000.00
205,000.00
1,000,000.00
300,000.00
1,000,000.00
550,000.00
600,000.00
170,000.00
500,000.00
500,000.00
400,000.00
990,000.00
1,500,000.00
320,000.00
1,000,000.00
200,000.00
200,000.00
880,000.00
935,000.00
500,000.00
500,000.00
235,000.00
1,230,000.00
540,000.00
995,000.00
305,170.80
186,146.10
421,020.00
163,510.20
263,310.00
254,416.65
115,287.50
178,151.15
922,300.00
251,463.00
885,150.00
461,065.00
537,420.00
152,269.00
409,315.00
413,315.00
352,128.00
849,479.40
1,287,090.00
301,369.60
900,850.00
173,946.00
186,570.00
805,094.40
745,634.45
498,585.00
505,740.00
186,514.80
1,180,849.20
498,727.80
940,722.75

5.234

1.035

1.466

0.790

0.920

1.080

0.880

1.287

0.880

2.329

0.840

1.865

1.097

1.097

1.472

2.242

2.213

2.263

2.263

1.918

1.300

1.169

3.000

1.982

2.267

4.750

6.080

2.020

0.575

0.906

3.160

2.850

2.224

3.728

1.301

1.430

0.897

0.897

4.296

4.783

4.931

1.676

1.425

1.233

4.625

4.714

2.052

2.071

2.505

2.100

1.128

0.764

1.479

4.965

1.390

5.118

4.833

2.994

1.825

4.241

4.172

3.028

2.890 08/01/2026

2.254 10/01/2026

3.780 10/01/2028

1.320 12/01/2025

1.450 12/01/2026

0.910 08/01/2026

0.910 08/01/2025

4.356 08/01/2027

4.850 08/01/2025

5.000 06/01/2030

1.700 06/01/2026

1.445 07/01/2029

1.250 07/01/2026

4.690 07/01/2026

4.780 08/01/2029

2.081 05/01/2030

2.100 08/01/2028

2.539 08/01/2029

2.130 08/01/2029

1.143 08/01/2025

0.775 08/01/2026

1.500 08/01/2027

5.034 08/01/2027

1.410 08/01/2026

5.190 07/01/2031

4.900 02/08/2024

3.035 02/01/2026

1.851 08/01/2031

4.300 08/01/2024

4.230 08/01/2025

3.070 08/01/2026
1,035
1,096
1,827
792
1,157
1,035
670Chabot-Las Positas CCD
Chabot-Las Positas CCD 1,400
670Chabot-Las Positas CCD
Chaffey Community Clg District
City of Chula Vista
2,435
974
Calleguas Municipal Water Dist
Calleguas Municipal Water Dist
Calleguas Municipal Water Dist
Campbell Union High Sch Dist
City of Corona
2,100
1,004
1,004
2,131
2,404
1,766
2,131
2,131
670
Contra Costa Community College
Contra Costa Community College
Contra Costa Community College
Contra Costa Community College
Contra Costa Community College
Desert Community Clg Dist
Desert Community Clg Dist
Desert Sands Unif Sch District
City of El Segundo
1,035
1,400
1,400
1,035
2,830
130Federal Farm Credit Bank .

Fremon Union High School Distr
Fremon Union High School Distr
Foothill-De Anza Comm Clg Dist
Foothill-De Anza Comm Clg Dist
Fullerton School District
1646 MUN
2595 MUN
2699 MUN
2818 MUN
1916 MUN
854
2,861
305
670
1,035
Portfolio CPA
AP
Run Date: 10/23/2023 - 01:14 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Item 12
Attachment B - Investment Portfolio

Item 12: Staff Report
Pg.
24 Packet Pg. 499 of 511

Fund ALL - Portfolio Listings
Investments by Fund Page 15
September 30, 2023
Purchase Current
Rate
Maturity Days To
Date Maturity
YTM
360
YTM
365Par Value Market ValueCUSIP Investment # Issuer Date Book Value Municipal Bonds
359819DM8
359819DN6
3733844V5
373384RX6
373384RY4
373384RY4
373384SP2
373385BU6
373384RV0
373384RY4
373384RW8
378612AL9
378612AL9
378612AJ4
378460A74
419792DA1
419791YS1
419791YT9
419792F92
446201AE5
446201AE5
446216HN6
446201AE5
530319SP8
503433AK0
544290JH3
544351NP0
544351MS5
544351NQ8
544351LQ0
544351KV0
1917 MUN
2085 MUN
1666 MUN
1775 MUN
1919 MUN
1945 MUN
1962 MUN
1967 MUN
2086 MUN
2229 MUN
2332 MUN
2109 MUN
2137 MUN
2590 MUN
2739 MUN
1685 MUN
1961 MUN
1995 MUN
2820 MUN
2560 MUN
2562 MUN
2790 MUN
2840 MUN
2768 MUN
2660 MUN
2681 MUN
1969 MUN
2008 MUN
2200 MUN
2213 MUN
2283 MUN
Fullerton School District
Fullerton School District
State of Georgia
02/14/2018
08/29/2019
07/29/2016
04/10/2017
01/26/2018
03/19/2018
10/25/2018
10/31/2018
08/29/2019
01/31/2020
03/23/2020
09/16/2019
10/02/2019
09/29/2021
11/25/2022
10/19/2016
10/25/2018
12/06/2018
01/30/2023
08/12/2021
08/13/2021
01/09/2023
03/03/2023
12/15/2022
02/07/2022
03/24/2022
11/02/2018
01/07/2019
01/06/2020
01/22/2020
03/05/2020
750,486.34
376,751.65
1,833,350.89
255,414.75
1,132,033.36
205,513.74
390,000.00
342,540.40
1,500,000.00
454,210.54
1,018,180.44
1,340,185.29
400,672.22
1,401,024.31
467,482.53
1,063,926.58
255,417.55
832,610.92
661,450.43
1,011,137.02
1,010,656.97
680,291.93
157,554.11
458,763.92
499,917.40
492,492.39
292,911.19
1,009,779.41
870,093.65
1,016,158.38
1,044,494.65
750,000.00
365,000.00
1,825,000.00
250,000.00
1,095,000.00
200,000.00
390,000.00
350,000.00
1,500,000.00
425,000.00
1,000,000.00
1,345,000.00
400,000.00
1,365,000.00
535,000.00
1,045,000.00
250,000.00
800,000.00
700,000.00
1,000,000.00
1,000,000.00
805,000.00
175,000.00
530,000.00
500,000.00
500,000.00
295,000.00
1,000,000.00
840,000.00
985,000.00
1,000,000.00
718,912.50
345,089.25
1,757,183.00
244,225.00
1,072,771.50
195,940.00
390,000.00
326,658.50
1,500,000.00
416,372.50
984,000.00
1,181,636.30
351,416.00
1,255,240.35
459,575.70
987,430.95
249,167.50
800,752.00
647,682.00
900,200.00
900,200.00
668,576.65
157,535.00
448,152.10
409,075.00
478,150.00
280,456.50
956,040.00
791,691.60
884,598.95
946,690.00

3.040

3.160

2.375

4.000

4.310

4.310

3.740

2.720

3.720

4.310

3.820

2.265

2.265

2.108

1.113

3.150

5.230

5.330

1.033

1.344

1.344

1.731

1.344

1.484

2.673

1.000

3.300

3.500

3.400

3.050

3.150

2.959

1.913

1.972

2.739

2.979

3.204

3.093

3.412

1.749

1.837

1.889

2.318

2.194

1.075

4.686

2.431

3.363

3.304

4.172

0.909

0.927

4.931

5.340

4.614

2.638

2.522

3.530

3.077

2.360

2.413

1.519

3.000 08/01/2025

1.940 08/01/2026

1.999 02/01/2025

2.777 10/01/2025

3.020 10/01/2026

3.248 10/01/2026

3.136 10/01/2023

3.460 02/01/2027

1.774 10/01/2023

1.863 10/01/2026

1.915 10/01/2024

2.350 06/01/2028

2.225 06/01/2028

1.090 06/01/2026

4.751 09/01/2027

2.465 10/01/2026

3.410 02/01/2025

3.350 02/01/2026

4.230 08/01/2025

0.921 06/15/2026

0.939 06/15/2026

5.000 05/01/2029

5.414 06/15/2026

4.678 08/01/2028

2.675 08/01/2031

2.557 10/01/2024

3.579 09/01/2026

3.119 09/01/2026

2.393 09/01/2027

2.446 09/01/2029

1.541 09/01/2026
670
1,035
489
State of Georgia 731
State of Georgia 1,096
1,096
0 State of Georgia
State of Georgia
State of Georgia 1,219
0State of Georgia
State of Georgia 1,096
366State of Georgia
City of Glendora 1,705
1,705
974
City of Glendora
City of Glendora
Glendale Unified School Dist.

State of Hawaii
1,431
1,096
489State of Hawaii
State of Hawaii 854
State of Hawaii 670
City of Huntington Beach
City of Huntington Beach
City of Huntington Beach
City of Huntington Beach
Liberty Union High Sch Distr
City of La Habra
988
988
2,039
988
1,766
2,861
366Los Altos Elementary Sch Distr
City of Los Angeles
City of Los Angeles
City of Los Angeles
City of Los Angeles
City of Los Angeles
1,066
1,066
1,431
2,162
1,066
Portfolio CPA
AP
Run Date: 10/23/2023 - 01:14 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Item 12
Attachment B - Investment Portfolio

Item 12: Staff Report
Pg.
25 Packet Pg. 500 of 511

Fund ALL - Portfolio Listings
Investments by Fund Page 16
September 30, 2023
Purchase Current
Rate
Maturity Days To
Date Maturity
YTM
360
YTM
365Par Value Market ValueCUSIP Investment # Issuer Date Book Value Municipal Bonds
544351QX0
544351MR7
544351KT5
54438CYN6
54438CYL0
54438CYL0
54438CYL0
54438CMS8
5447122K7
544495VX9
544495VX9
57582PUT5
57582PUT5
57582PUS7
5741926N5
5741926N5
5946108C4
601670ML3
562784AM0
586840ND8
62451FJE1
56781RGU5
56781RGT8
56781RJL2
56781RJJ7
56781RKH9
56781RKH9
56781RKU0
56781RKD8
623040KQ4
623040KX9
2692 MUN
2783 MUN
2800 MUN
2487 MUN
2592 MUN
2614 MUN
2642 MUN
2871 MUN
2641 MUN
1949 MUN
1965 MUN
2227 MUN
2543 MUN
2684 MUN
2184 MUN
2581 MUN
2002 MUN
2746 MUN
2647 MUN
2104 MUN
2708 MUN
1858 MUN
1973 MUN
2084 MUN
2287 MUN
2495 MUN
2499 MUN
2568 MUN
2588 MUN
2208 MUN
2661 MUN
City of Los Angeles 09/28/2022
12/23/2022
01/17/2023
01/28/2021
09/30/2021
11/15/2021
12/21/2021
04/10/2023
12/21/2021
03/29/2018
10/29/2018
01/30/2020
07/01/2021
04/05/2022
12/16/2019
09/23/2021
12/21/2018
12/02/2022
01/05/2022
10/08/2019
10/19/2022
09/28/2017
11/05/2018
08/29/2019
03/06/2020
02/25/2021
02/25/2021
09/14/2021
09/29/2021
02/04/2020
02/07/2022
999,550.80
292,838.40
305,893.99
1,022,522.95
250,654.71
1,496,860.61
274,048.67
1,142,431.97
1,065,760.38
1,606,622.45
450,285.80
281,759.63
1,178,982.66
1,057,732.09
519,180.74
261,145.54
705,608.37
539,928.88
657,891.64
1,000,000.00
1,055,147.61
507,344.03
119,028.62
262,665.32
330,788.20
1,000,000.00
708,199.91
1,000,000.00
282,163.09
230,000.00
806,701.16
1,000,000.00
300,000.00
310,000.00
1,000,000.00
250,000.00
1,500,000.00
275,000.00
1,000,000.00
1,000,000.00
1,500,000.00
425,000.00
250,000.00
1,000,000.00
1,000,000.00
500,000.00
245,000.00
700,000.00
630,000.00
650,000.00
1,000,000.00
1,135,000.00
500,000.00
120,000.00
250,000.00
310,000.00
1,000,000.00
710,000.00
1,000,000.00
285,000.00
230,000.00
785,000.00
931,660.00
289,857.00
302,680.90
814,810.00
223,177.50
1,339,065.00
245,495.25
1,096,140.00
994,340.00
1,524,255.00
431,872.25
246,205.00
984,820.00
984,460.00
492,665.00
241,405.85
674,667.00
533,043.00
515,599.50
904,170.00
1,037,821.30
468,625.00
113,642.40
234,810.00
307,842.40
784,200.00
556,782.00
887,840.00
251,449.80
200,861.30
670,178.05

4.400

3.450

2.840

1.806

1.174

1.174

1.174

7.530

5.130

5.516

5.516

4.910

4.910

4.760

4.350

4.350

3.850

1.451

2.341

2.214

1.893

3.272

3.172

3.330

5.000

1.451

1.451

0.893

0.679

2.569

2.649

4.346

4.724

4.290

1.432

1.064

1.233

1.282

4.615

1.085

3.254

3.600

2.331

1.484

2.968

2.089

0.690

3.452

4.802

2.129

2.183

4.487

2.791

3.452

1.874

1.193

1.431

1.470

0.880

1.025

2.533

2.173

4.406 09/01/2032

4.790 09/01/2025

4.350 09/01/2024

1.452 08/01/2030

1.078 08/01/2026

1.250 08/01/2026

1.300 08/01/2026

4.680 08/01/2029

1.100 06/01/2025

3.300 07/01/2027

3.650 07/01/2027

2.363 05/01/2029

1.505 05/01/2029

3.010 05/01/2027

2.118 08/01/2025

0.700 08/01/2025

3.500 05/15/2026

4.869 08/01/2028

2.159 01/01/2032

2.214 07/01/2027

4.550 09/01/2026

2.830 08/01/2027

3.500 08/01/2026

1.900 08/01/2027

1.210 08/01/2025

1.451 08/01/2030

1.490 08/01/2030

0.893 08/01/2026

1.040 08/01/2026

2.569 08/01/2029

2.203 08/01/2030
3,258
701City of Los Angeles
City of Los Angeles 336
Los Angeles Community College
Los Angeles Community College
Los Angeles Community College
Los Angeles Community College
Los Angeles Community College
Los Angeles Cnty Met Tran Auth
Los Angeles Dept. of WTR & PWR
Los Angeles Dept. of WTR & PWR
State of Massachusetts
2,496
1,035
1,035
1,035
2,131
609
1,369
1,369
2,039
2,039
1,308
670
State of Massachusetts
State of Massachusetts
State of Maryland
State of Maryland 670
State of Michigan 957
Milpitas Unified School Distr
City of Manhattan Beach
1,766
3,014
1,369
1,066
1,400
1,035
1,400
670
Menlo Park City School Dist.

Mtn. View-Whisman School Dist.

Marin Community College Dist.

Marin Community College Dist.

Marin Community College Dist.

Marin Community College Dist.

Marin Community College Dist.

Marin Community College Dist.

Marin Community College Dist.

Marin Community College Dist.

Mt. San Antonio Community Coll
Mt. San Antonio Community Coll
2,496
2,496
1,035
1,035
2,131
2,496
Portfolio CPA
AP
Run Date: 10/23/2023 - 01:14 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Item 12
Attachment B - Investment Portfolio

Item 12: Staff Report
Pg.
26 Packet Pg. 501 of 511

Fund ALL - Portfolio Listings
Investments by Fund Page 17
September 30, 2023
Purchase Current
Rate
Maturity Days To
Date Maturity
YTM
360
YTM
365Par Value Market ValueCUSIP Investment # Issuer Date Book Value Municipal Bonds
605581LM7
605581LM7
605581HL4
605581HL4
6055805W5
6055805V7
605581LJ4
605581QR1
605581LL9
630337AL7
64985HWS2
6500357D4
650036AV8
649791PQ7
649791PS3
649791PR5
649791PS3
649791PS3
672240WY0
672240WY0
672240WY0
672240WX2
672319CF5
677765GY9
677765GY9
677765HA0
677765GZ6
6775207G7
677521CT1
683050BW7
68442CCY0
1968 MUN
1972 MUN
2087 MUN
2090 MUN
2096 MUN
2189 MUN
2329 MUN
2626 MUN
2629 MUN
2055 MUN
2007 MUN
2097 MUN
2683 MUN
2146 MUN
2224 MUN
2575 MUN
2677 MUN
2678 MUN
2293 MUN
2307 MUN
2313 MUN
2316 MUN
2630 MUN
2165 MUN
2175 MUN
2179 MUN
2341 MUN
1832 MUN
2308 MUN
2847 MUN
2578 MUN
State of Mississippi 11/07/2018
11/07/2018
08/30/2019
09/04/2019
09/09/2019
12/19/2019
03/20/2020
12/09/2021
12/06/2021
08/08/2019
01/04/2019
09/09/2019
03/28/2022
10/31/2019
01/30/2020
09/13/2021
03/16/2022
03/21/2022
03/09/2020
03/13/2020
03/16/2020
03/16/2020
12/06/2021
11/22/2019
12/06/2019
12/11/2019
05/08/2020
06/30/2017
03/13/2020
03/17/2023
09/16/2021
1,513,087.11
504,024.43
760,122.98
506,532.59
158,140.99
256,153.30
1,001,441.11
1,006,996.15
262,970.20
595,957.71
447,458.12
715,504.29
957,695.65
1,500,571.80
587,271.74
1,550,757.21
1,000,054.90
998,719.93
1,557,193.77
1,538,916.89
1,069,698.58
1,491,914.44
479,610.28
598,606.54
278,796.62
966,066.89
1,206,746.33
910,394.39
548,458.76
553,696.71
323,100.63
1,500,000.00
500,000.00
750,000.00
500,000.00
150,000.00
250,000.00
1,000,000.00
1,000,000.00
250,000.00
595,000.00
450,000.00
700,000.00
1,000,000.00
1,500,000.00
580,000.00
1,500,000.00
1,000,000.00
1,000,000.00
1,500,000.00
1,500,000.00
1,080,000.00
1,500,000.00
450,000.00
600,000.00
280,000.00
970,000.00
1,185,000.00
900,000.00
500,000.00
600,000.00
315,000.00
1,446,255.00
482,085.00
729,262.50
486,175.00
148,336.50
247,460.00
998,260.00
802,670.00
242,197.50
578,322.15
438,255.00
663,593.00
882,720.00
1,436,385.00
533,223.00
1,403,745.00
919,350.00
919,350.00
1,254,105.00
1,254,105.00
902,955.60
1,290,975.00
442,696.50
541,008.00
252,470.40
833,676.20
1,044,553.80
897,588.00
501,550.00
540,492.00
297,048.15

3.751

3.751

2.987

2.987

4.681

4.511

3.408

2.117

3.646

2.200

2.120

3.070

1.496

2.120

2.360

2.260

2.360

2.360

2.110

2.110

2.110

2.070

4.676

2.237

2.237

2.337

2.287

4.971

5.262

1.440

2.095

3.377

3.401

1.745

1.783

1.888

2.079

1.626

1.992

1.080

1.968

2.860

2.071

2.777

2.063

1.933

0.794

2.325

2.367

1.436

1.638

2.247

2.151

1.562

2.271

2.327

2.382

1.849

2.416

1.710

4.339

0.690

3.424 11/01/2026

3.449 11/01/2026

1.770 12/01/2024

1.807 12/01/2024

1.914 11/01/2025

2.108 11/01/2024

1.649 11/01/2023

2.020 10/01/2031

1.095 11/01/2025

1.996 08/01/2024

2.900 07/15/2024

2.100 03/15/2026

2.816 03/15/2027

2.091 02/15/2025

1.960 02/15/2027

0.805 02/15/2026

2.358 02/15/2027

2.400 02/15/2027

1.456 01/15/2030

1.661 01/15/2030

2.279 01/15/2030

2.181 01/15/2029

1.584 12/15/2025

2.303 08/01/2027

2.360 08/01/2027

2.415 08/01/2029

1.875 08/01/2028

2.450 04/01/2024

1.734 09/01/2026

4.400 08/01/2026

0.700 08/15/2025
1,127
1,127
427
State of Mississippi
State of Mississippi
State of Mississippi 427
State of Mississippi 762
State of Mississippi 397
State of Mississippi 31
State of Mississippi 2,922
762State of Mississippi
City of Napa Solid Waste
New York St Envrnmntl Facs
New York State Urban Dev Corp.

New York State Urban Dev Corp.

New York State Envrnmntl Corp
New York State Envrnmntl Corp
New York State Envrnmntl Corp
New York State Envrnmntl Corp
New York State Envrnmntl Corp
City of Oakland
305
288
896
1,261
503
1,233
868
1,233
1,233
2,298
2,298
2,298
1,933
806
City of Oakland
City of Oakland
City of Oakland
City of Oakland Pension
Ohlone Community College Distr
Ohlone Community College Distr
Ohlone Community College Distr
Ohlone Community College Distr
State of Ohio
1,400
1,400
2,131
1,766
183
State of Ohio 1,066
1,035
684
City of Ontario (Pub Fin Auth)
Orange Cnty Water District
Portfolio CPA
AP
Run Date: 10/23/2023 - 01:14 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Item 12
Attachment B - Investment Portfolio

Item 12: Staff Report
Pg.
27 Packet Pg. 502 of 511

Fund ALL - Portfolio Listings
Investments by Fund Page 18
September 30, 2023
Purchase Current
Rate
Maturity Days To
Date Maturity
YTM
360
YTM
365Par Value Market ValueCUSIP Investment # Issuer Date Book Value Municipal Bonds
685585FD8
68607LXQ5
68607LXQ5
68609TDT2
68607LXQ5
68607LXQ5
68609BXT9
68609TVS4
68608KA24
68609TU30
68609TT81
68609TZT8
68609T3M8
68607LXQ5
692039QX1
69511AAS3
69511AAT1
702274CP4
70227RBM1
702274CS8
697379TV7
697379TV7
697379TV7
697511FU2
697511FD0
752111HE7
757710UE6
757710UE6
76222RYN6
76222RXB3
76222RXB3
1910 MUN
1974 MUN
2015 MUN
2223 MUN
2230 MUN
2266 MUN
2310 MUN
2378 MUN
2542 MUN
2549 MUN
2584 MUN
2624 MUN
2627 MUN
2679 MUN
2859 MUN
2138 MUN
2139 MUN
1985 MUN
2573 MUN
2615 MUN
2838 MUN
2839 MUN
2841 MUN
2582 MUN
2676 MUN
2889 MUN
2388 MUN
2763 MUN
2192 MUN
2219 MUN
2239 MUN
Orchard School District
State of Oregon
01/25/2018
11/06/2018
01/16/2019
01/30/2020
01/31/2020
02/24/2020
03/13/2020
07/02/2020
07/01/2021
07/08/2021
09/24/2021
11/19/2021
11/26/2021
04/01/2022
03/23/2023
10/23/2019
10/23/2019
12/06/2018
09/09/2021
12/01/2021
02/17/2023
02/21/2023
03/06/2023
10/13/2021
03/15/2022
05/03/2023
08/06/2020
12/14/2022
12/20/2019
01/27/2020
02/06/2020
164,323.95
531,202.44
477,228.10
574,994.41
548,707.50
1,112,414.37
370,976.20
359,812.64
1,052,121.86
1,243,934.56
265,491.79
247,766.49
899,208.81
1,086,530.97
448,183.99
1,015,920.44
580,210.73
665,190.72
123,236.53
585,202.57
1,555,076.40
1,555,887.42
1,521,938.73
1,000,000.00
324,935.46
627,165.64
759,566.29
586,005.46
259,856.55
1,570,539.33
577,968.60
165,000.00
500,000.00
445,000.00
570,000.00
495,000.00
1,000,000.00
350,000.00
355,000.00
870,000.00
1,225,000.00
265,000.00
250,000.00
900,000.00
1,000,000.00
500,000.00
1,015,000.00
580,000.00
665,000.00
120,000.00
550,000.00
1,500,000.00
1,500,000.00
1,480,000.00
1,000,000.00
335,000.00
600,000.00
750,000.00
715,000.00
260,000.00
1,500,000.00
550,000.00
157,675.65
506,665.00
450,931.85
562,618.50
501,598.35
1,013,330.00
327,453.00
285,583.30
875,498.40
1,040,551.75
244,277.00
222,852.50
714,438.00
1,013,330.00
437,585.00
965,386.80
539,881.40
662,606.00
109,968.00
522,846.50
1,523,955.00
1,523,955.00
1,503,635.60
892,150.00
300,330.85
596,394.00
595,177.50
567,402.55
248,656.20
1,385,040.00
507,848.00

3.125

5.892

5.892

3.227

5.892

5.892

3.080

1.672

5.332

1.484

0.803

0.984

2.037

5.892

1.512

2.563

2.663

3.438

1.984

3.500

5.862

5.862

5.862

1.031

1.199

5.125

1.660

1.660

2.000

3.250

3.250

3.208

3.516

3.537

1.641

2.583

2.482

1.302

1.433

1.943

1.134

0.690

1.292

2.020

3.259

4.458

2.469

2.611

3.205

0.903

1.380

4.698

4.683

4.941

1.016

2.288

4.284

1.439

4.783

2.231

2.077

1.990

3.253 08/01/2027

3.565 06/01/2027

3.587 06/01/2027

1.664 05/01/2024

2.619 06/01/2027

2.517 06/01/2027

1.320 05/01/2027

1.452 06/01/2030

1.970 08/01/2030

1.150 08/01/2028

0.700 08/01/2025

1.310 08/01/2026

2.048 11/01/2031

3.304 06/01/2027

4.520 08/01/2027

2.503 06/01/2025

2.647 06/01/2026

3.250 12/01/2023

0.915 05/01/2026

1.400 12/01/2026

4.764 07/01/2027

4.748 07/01/2027

5.010 07/01/2027

1.031 08/01/2026

2.320 08/01/2026

4.344 08/01/2030

1.459 08/01/2030

4.850 08/01/2030

2.262 01/15/2025

2.106 04/01/2028

2.018 04/01/2028
1,400
1,339
1,339
213
State of Oregon
State of Oregon
State of Oregon 1,339
1,339
1,308
2,435
2,496
1,766
670
State of Oregon
State of Oregon
State of Oregon
State of Oregon
State of Oregon
State of Oregon
State of Oregon 1,035
2,953
1,339
1,400
609
State of Oregon
State of Oregon
Oxnard Union High School Distr
City of Pacifica
City of Pacifica 974
Pasadena CA Public Finance Aut
Pasadena CA Public Finance Aut
Pasadena CA Public Finance Aut
Palo Alto Unified School Dist.

Palo Alto Unified School Dist.

Palo Alto Unified School Dist.

Polomar Community Clge Distri
Polomar Community Clge Distri
Rancho Water Dist. Fin. Auth.

Redondo Beach Unified School D
Redondo Beach Unified School D
State of Rhode Island
State of Rhode Island
State of Rhode Island
61 943
1,157
1,369
1,369
1,369
1,035
1,035
2,496
2,496
2,496
472
1,644
1,644
Portfolio CPA
AP
Run Date: 10/23/2023 - 01:14 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Item 12
Attachment B - Investment Portfolio

Item 12: Staff Report
Pg.
28 Packet Pg. 503 of 511

Fund ALL - Portfolio Listings
Investments by Fund Page 19
September 30, 2023
Purchase Current
Rate
Maturity Days To
Date Maturity
YTM
360
YTM
365Par Value Market ValueCUSIP Investment # Issuer Date Book Value Municipal Bonds
76886PJP9
76886PJS3
752147HH4
752147HK7
757889EH9
757889EG1
801139AE6
801139AF3
801315KU5
796720NC0
796720NV8
801546PJ5
801686TF3
80168ACV7
80168FPC4
80181PCT2
80181PCU9
80181PCV7
80181PCW5
801747AF3
797356DL3
797356DL3
797356DH2
797356DF6
797356DH2
797272QS3
797272RN3
797272RT0
797400MR6
797412DN0
797412DM2
2596 MUN
2733 MUN
2522 MUN
2805 MUN
2130 MUN
2253 MUN
2603 MUN
2747 MUN
2385 MUN
2166 MUN
2365 MUN
1899 MUN
2557 MUN
2181 MUN
2793 MUN
1906 MUN
1907 MUN
1908 MUN
1909 MUN
2671 MUN
2602 MUN
2606 MUN
2617 MUN
2693 MUN
2767 MUN
2550 MUN
2639 MUN
2651 MUN
2632 MUN
2580 MUN
2600 MUN
Riverside Cmnty College Distt.

Riverside Cmnty College Distt.

Rancho Santiago Comm College D
Rancho Santiago Comm College D
Redwood City School District
Redwood City School District
City of Santa Ana
10/04/2021
11/17/2022
03/29/2021
01/19/2023
10/16/2019
02/13/2020
10/18/2021
12/02/2022
07/21/2020
12/12/2019
07/07/2020
01/12/2018
08/02/2021
12/12/2019
01/12/2023
01/25/2018
01/25/2018
01/25/2018
01/25/2018
03/03/2022
10/21/2021
10/23/2021
11/17/2021
09/23/2022
12/16/2022
07/09/2021
12/28/2021
01/10/2022
12/08/2021
09/17/2021
10/08/2021
1,368,911.59
469,432.41
450,000.00
579,437.50
1,000,000.00
1,106,912.64
174,692.31
1,090,917.81
493,954.53
1,500,000.00
2,000,000.00
1,460,000.00
1,263,735.13
1,553,946.13
839,951.86
463,569.61
462,928.06
468,353.41
277,798.43
1,014,848.46
1,009,457.22
895,680.62
268,344.15
240,909.18
886,908.57
268,103.52
1,992,779.80
498,692.85
198,671.37
876,564.90
209,650.14
1,365,000.00
560,000.00
450,000.00
635,000.00
1,000,000.00
1,095,000.00
175,000.00
1,250,000.00
490,000.00
1,500,000.00
2,000,000.00
1,460,000.00
1,250,000.00
1,555,000.00
1,000,000.00
465,000.00
465,000.00
470,000.00
280,000.00
1,000,000.00
1,000,000.00
900,000.00
270,000.00
260,000.00
1,000,000.00
255,000.00
1,980,000.00
500,000.00
200,000.00
875,000.00
210,000.00
1,213,471.35
460,919.20
431,253.00
566,312.05
903,290.00
1,008,177.45
155,008.00
1,078,537.50
404,455.80
1,344,435.00
1,674,740.00
1,426,712.00
1,118,012.50
1,391,787.20
797,110.00
455,518.65
444,688.80
443,022.00
259,579.60
901,590.00
793,480.00
714,132.00
226,589.40
233,872.60
839,220.00
232,246.35
1,791,147.60
401,190.00
181,092.00
787,648.75
195,533.10

1.124

1.785

0.634

0.956

2.284

2.159

1.176

1.465

1.653

2.590

1.848

2.680

1.146

2.434

1.634

2.500

2.750

3.000

3.000

2.470

1.984

1.984

1.599

1.201

1.599

2.407

1.445

2.113

1.036

0.971

0.743

1.006

5.022

0.625

4.164

2.252

1.727

1.223

5.178

1.483

2.554

1.822

2.643

0.742

2.416

4.418

2.968

3.008

3.107

3.205

2.030

1.824

2.024

1.712

4.053

4.241

1.007

1.193

2.120

1.292

0.887

0.838

1.020 08/01/2026

5.092 08/01/2029

0.633 09/01/2024

4.222 09/01/2026

2.284 08/01/2027

1.751 08/01/2026

1.240 08/01/2026

5.250 08/01/2027

1.504 08/01/2029

2.590 08/01/2028

1.848 08/01/2029

2.680 08/01/2024

0.752 08/01/2026

2.450 06/01/2028

4.480 06/01/2030

3.010 06/01/2024

3.050 06/01/2025

3.150 06/01/2026

3.250 06/01/2027

2.058 08/01/2027

1.850 07/01/2031

2.053 07/01/2031

1.736 07/01/2028

4.110 07/01/2026

4.300 07/01/2028

1.021 08/01/2027

1.210 08/01/2026

2.150 08/01/2031

1.310 04/01/2026

0.900 05/01/2026

0.850 05/01/2025
1,035
2,131
336
1,066
1,400
1,035
1,035
1,400
2,131
1,766
2,131
305
City of Santa Ana
Santa Barbara Unified School D
San Bernardino Cmty College Di
San Bernardino Cmty College Di
County of Santa Clara
Santa Clarita Community Colleg
Santa Clara Valley Water Dist.

Santa Clara Valley Water Dist.

Santa Cruz County Capital Fin.

Santa Cruz County Capital Fin.

Santa Cruz County Capital Fin.

Santa Cruz County Capital Fin.

Santa Cruz MET Transit Dist.

San Diego Unified Sch District
San Diego Unified Sch District
San Diego Unified Sch District
San Diego Unified Sch District
San Diego Unified Sch District
San Diego Community College Di
San Diego Community College Di
San Diego Community College Di
San Diego Regl Trans Commissio
San Diego Cnty Wtr Authority
San Diego Cnty Wtr Authority
1,035
1,705
2,435
244
609
974
1,339
1,400
2,830
2,830
1,735
1,004
1,735
1,400
1,035
2,861
913
943
578
Portfolio CPA
AP
Run Date: 10/23/2023 - 01:14 FI (PRF_FI) 7.3.11
Report Ver. 7.3.11
Item 12
Attachment B - Investment Portfolio

Item 12: Staff Report
Pg.
29 Packet Pg. 504 of 511

Fund ALL - Portfolio Listings
Investments by Fund Page 20
September 30, 2023
Purchase Current
Rate
Maturity Days To
Date Maturity
YTM
360
YTM
365Par Value Market ValueCUSIP Investment # Issuer Date Book Value Municipal Bonds
797412DN0
797412DN0
797412DQ3
797412DR1
797508JW9
797508JX7
797508HF8
817409N35
817409N76
797646NC6
797646T48
797646T55
797646T48
797646ND4
7976466C5
7976466F8
79773KKQ6
79773KKT0
79772EBC2
79772ECL1
79772ECJ6
79772ECF4
79772EDY2
79772EDA4
797669ZJ0
797669ZR2
797669ZR2
826239GD1
826239GD1
82707BDP1
798306WQ5
2604 MUN
2623 MUN
2688 MUN
2716 MUN
2536 MUN
2537 MUN
2674 MUN
2320 MUN
2531 MUN
1509 MUN
1711 MUN
1712 MUN
1839 MUN
2014 MUN
2148 MUN
2762 MUN
2864 MUN
2883 MUN
1937 MUN
2132 MUN
2309 MUN
2571 MUN
2608 MUN
2628 MUN
2572 MUN
2636 MUN
2766 MUN
2501 MUN
2535 MUN
2828 MUN
2707 MUN
San Diego Cnty Wtr Authority
San Diego Cnty Wtr Authority
San Diego Cnty Wtr Authority
San Diego Cnty Wtr Authority
San Dieguito Union High Sch Di
San Dieguito Union High Sch Di
San Dieguito Union High Sch Di
Sequoia Union High School Dist
Sequoia Union High School Dist
City & County of San Francisco
City & County of San Francisco
City & County of San Francisco
City & County of San Francisco
City & County of San Francisco
City & County of San Francisco
City & County of San Francisco
City & County of San Francisco
City & County of San Francisco
San Francisco Cmnty Facs Dist
San Francisco Cmnty Facs Dist
San Francisco Cmnty Facs Dist
San Francisco Cmnty Facs Dist
San Francisco Cmnty Facs Dist
San Francisco Cmnty Facs Dist
SF Bay Area Rapid Transit Dist
SF Bay Area Rapid Transit Dist
SF Bay Area Rapid Transit Dist
Sierra Joint Com. College Dist
Sierra Joint Com. College Dist
Silicon Valley Clean Water
10/20/2021
11/19/2021
09/12/2022
10/24/2022
06/09/2021
06/09/2021
03/11/2022
03/18/2020
04/30/2021
11/27/2015
11/01/2016
11/01/2016
07/14/2017
01/16/2019
10/31/2019
12/14/2022
04/11/2023
04/21/2023
03/02/2018
10/11/2019
03/13/2020
08/30/2021
11/03/2021
11/29/2021
09/08/2021
12/16/2021
12/15/2022
03/09/2021
05/27/2021
02/10/2023
10/17/2022
248,875.28
743,821.77
1,136,571.38
185,736.92
430,000.00
435,000.00
432,197.39
402,251.18
255,630.74
1,034,296.85
2,106,290.80
244,880.82
228,490.71
1,495,963.17
1,104,639.12
477,085.63
1,028,984.87
534,848.52
674,391.47
372,261.18
138,931.21
306,415.21
585,272.08
1,323,745.88
505,758.80
510,384.65
350,848.09
585,000.00
499,001.36
219,815.64
496,672.56
250,000.00
750,000.00
1,275,000.00
225,000.00
430,000.00
435,000.00
435,000.00
400,000.00
250,000.00
1,000,000.00
2,105,000.00
245,000.00
230,000.00
1,420,000.00
1,120,000.00
575,000.00
1,000,000.00
500,000.00
680,000.00
350,000.00
130,000.00
300,000.00
575,000.00
1,295,000.00
500,000.00
480,000.00
405,000.00
585,000.00
500,000.00
245,000.00
545,000.00
225,042.50
675,127.50
1,086,427.50
185,960.25
383,792.20
379,298.25
397,133.25
376,344.00
213,062.50
999,480.00
1,999,623.70
228,193.00
218,486.20
1,431,076.00
955,640.00
457,458.50
1,011,950.00
523,120.00
629,326.40
318,202.50
121,300.40
292,716.00
464,795.50
1,182,878.90
486,475.00
399,115.20
336,753.45
476,810.10
407,530.00
213,929.10
487,567.90