Pittsburg City Council
February 21, 2023

CITY OF PITTSBURG
AGENDA
FEBRUARY 21, 2023

CITY HALL COUNCIL CHAMBER
65 CIVIC AVENUE, PITTSBURG, CA

CLOSED SESSION
6:00 P.M.

REGULAR MEETINGS
7:00 P.M.

CITY COUNCIL

HOUSING AUTHORITY

PITTSBURG ARTS AND COMMUNITY FOUNDATION

PITTSBURG POWER COMPANY

SOUTHWEST PITTSBURG GEOLOGIC HAZARD ABATEMENT DISTRICT II

SUCCESSOR AGENCY

PRESIDING
Shanelle Scales-Preston, Mayor/Chair
Juan Antonio Banales, Vice- Mayor/Chair
Jelani Killings, Council Member/Board Member
Dionne Adams, Council Member/Board Member
Angelica Lopez, Council Member/Board Member
FOR HOUSING AUTHORITY:

S.L. Floyd, Housing Authority Member
Annie Hill Herring, Housing Authority Member
-------------------------------------------------------------------------------------------------------------------------- Pittsburg City Council meetings are held the first and third Mondays of each month at 7:00 p.m. The Housing Authority meets in conjunction with the City Council on the third Monday of each month. The Pittsburg City Council meets regularly in the Council Chamber at 65 Civic Avenue, unless otherwise noted above. The City Council also sits as the Board of Directors of several other City agencies. The stipends for all agency members conform to state statutes governing compensation amounts. All other Agencies meet on an as needed basis and will be listed above if applicable. Copies of the open session agenda packets, which are distributed to the City Council, are on file in the office of the City Clerk, 65 Civic Avenue, Pittsburg, California, and are available for public inspection, beginning 72 hours in advance, during normal business hours (8:00 a.m. – 5:00 p.m., Monday through Friday, except from noon to 1:00 p.m. and City holidays). The agenda and reports are also located on the City’s website at www.pittsburgca.gov. Additionally, if any reports or documents, which are public records, are distributed to the City Council less than 72 hours before the meeting, those reports and documents will also be available for public inspection in the City Clerk’s Office and on the day of the meeting in the Council Chamber at the public counter area below the dais. 1 AUDIENCE REMARKS
The Audience Remarks period is for the public to comment on any items scheduled to be heard during the Closed Session portion of the meeting, if applicable.
6:00 PM - CONVENE IN CLOSED SESSION

1. CONFERENCE WITH LEGAL COUNSEL—ANTICIPATED LITIGATION Significant exposure to litigation pursuant to Section 54956.9(d)(2) Number of cases: one

2. CONFERENCE WITH LEGAL COUNSEL—ANTICIPATED LITIGATION Initiation of litigation pursuant to Section 54956.9(d)(4) Number of cases: one

CONVENE IN OPEN SESSION FOR REGULAR MEETING

CALL TO ORDER

ROLL CALL

PLEDGE OF ALLEGIANCE

PRESENTATIONS

3. Presentation by MCE

PROCLAMATIONS

4. Cesar Medrano

5. Brandon Carson

CITY MANAGER REPORTS/REMARKS
The City Manager may make brief announcements or informal comments at this time and brief the Council on items of interest. (No Action Required)

PUBLIC COMMENTS
Members of the audience who wish to address the City Council or Agency Boards on issues that are not scheduled for the agenda and on any items listed as part of the Consent Calendar should complete a Speaker's Card available at the dais. Please read the card carefully in order to fill out the card properly.

Submit the completed card to the City Clerk before the item is called, preferably before the meeting begins. Individuals will be given three minutes to address the Council unless additional time is allowed as provided for spokespersons. Prior to speaking, each member of the public shall state their name and business and City of residence in a clear and audible tone of voice. (No Action Required)

COMMITTEE REPORTS
Council Members may make a report on their committee assignments at this time. (see attached list of adhoc committees and other public agencies in which Council members particiapte). (No Action Required) 2 HOUSING AUTHORITY

CONSIDERATION

6. Adoption of a Housing Authority Resolution Approving a Procurement Policy When making purchases of goods and services, the Housing Authority of the City of Pittsburg (Housing Authority) is required to comply with the U.S. Department of Housing and Urban Development (HUD) rules and regulations, Federal rules and regulations under 2 CFR Part 200, and the California Public Contract Code (PCC) when performing public projects. The Procurement Policy establishes the methods by which the Housing Authority will obtain goods and services in accordance with the above referenced rules and regulations.

CONSENT CALENDAR

7. Minutes of January 17, 2023

8. Distribution List for November 2022 and December 2022

HOUSING AUTHORITY MEMBER REMARKS

ADJOURNMENT OF THE HOUSING AUTHORITY

CITY COUNCIL MEETING

CONSIDERATION

9. Adoption of a City Council Resolution to Accept Project 1200—California Theatre Balcony Level Occupancy as Complete and Authorize Filing the Notice of Completion
Project 1200—California Theatre Balcony Level Occupancy (the “Project”) constructed multiple retrofit improvements to the California Theatre upper and lower sections of the balcony to allow it to be occupied and utilized as seating during theater events. This resolution will accept the California Theatre Balcony Level Occupancy Project and the construction contract as complete and authorize the appropriate Notice of Completion for the Project to be filed.

10. Adoption of a City Council Resolution Authorizing the Application for a Bay Area Air Quality Management District Charge! Grant
The Environmental Services Division is pursuing Bay Area Air Quality Management District (BAAQMD) Charge! Program (Charge! Program) funding to offset costs of purchasing and installing public electric vehicle (EV) charging stations. The Charge! Program requires applicants to demonstrate organizational support for grant applications prior to submitting a proposal. 3 11. Adoption of a City Council Resolution Accepting the Plans and Specifications and Authorizing Award of Project 4066, 2022/2023 CDBG ADA Curb Ramp Installation Project
Project 4066, 2022/2023 CDBG ADA Curb Ramp Installation Project (“the Project’) is for the construction of 32 curb ramps in the neighborhoods located in the Brookside Glen, Ridgeview Terrace, Hillview Estates and Rancho Los Medanos subdivisions. Adoption of this Resolution will accept the plans and specifications for the Project and authorize the City Manager to award a construction contract to Franco Engineering, Inc. of Tracy, California.

12. Adoption of a City Council Resolution to Establish the 2023/2024 Annual Stormwater Utility Area Fee
Each year, the City Council establishes the amount of the Stormwater Utility Area fee paid by property owners to support drainage maintenance and other activities required by the federal Clean Water Act and the city’s Joint Municipal Regional Permit for the National Pollutant Discharge Elimination System (NPDES) program.

Staff recommends no change be made to the current fee, which is $30.00 per Equivalent Runoff Unit (ERU). No increase is proposed.

CONFLICT OF INTEREST STATEMENT
City Council/Agency Members may make any conflict of interest declarations pertaining to Consent Calendar items at this time.

COMBINED CITY COUNCIL, PITTSBURG ARTS AND COMMUNITY FOUNDATION,

PITTSBURG POWER COMPANY, SUCCESSOR AGENCY AND SOUTHWEST

PITTSBURG GHAD II CONSENT CALENDAR

13. Minutes of February 6, 2023

14. Adoption of a City Council Resolution Rejecting All Bids for Project 3018–Police Department Security Fence
Project 3018–Police Department Security Fence (the “Project”) is the installation of safety measures and electric vehicle chargers for the police department parking lot. The project would install a remote access security fence, lighting, electrical upgrades, and electric vehicle chargers. The City only received one bid for the construction of this project that was higher than the approved project budget amount. If adopted, this resolution will reject all bids for construction of the Project.

15. Adoption of a City Council Resolution Authorizing Execution of the Second Amendment to the Consultant Services Agreement with Cal Engineering & Geology, Inc. for Staff Augmentation Services
The Engineering Division continues to experience shortages of qualified professionals to complete the increasing workload. To counteract this shortage of professionals, the Engineering Division entered into a Consultant Services Agreement (“Agreement”) with Cal Engineering & Geology, Inc. (CE&G) to provide the staff augmentation needed to keep the Capital Improvement Program (CIP) moving forward. The Second Amendment to the agreement will extend and 4 increase current staffing levels to include a CIP Manager and traffic engineering support through June 30, 2023.

16. Receive and File the Treasurer’s Report for the Quarter Ending December 31, 2022
Attached is the Treasurer’s Report for the fiscal quarter ending December 31, 2022. The report includes the combined detailed information of the City and the Successor Agency’s (Agency) investments, which are compliant with the City’s and Agency’s Investment Policies.

17. Receive and File the Annual Comprehensive Financial Report (ACFR) for fiscal year ended June 30, 2022, and the Independent Accountants’ Report on Agreed- Upon Procedures Applied to the Appropriations Limit Schedule (GANN).

The Annual Comprehensive Financial Report (ACFR) for the fiscal year ended June 30, 2022, has been completed and complies with the Governmental Accounting Standards Board (GASB) reporting requirements. The City has received an unqualified or “clean opinion” by the City’s auditing firm, Maze and Associates, Certified Public Accountants (Maze).

18. Adoption of a City Council Ordinance Amending the Zoning Map to Establish a Limited Overlay District for Blue Wave Car Wash, Located at 1160 E. Leland Road, Pittsburg, CA, 94565, AP-21-1562 (RZ, UP, DR)
On February 6, 2023, the City Council held a public hearing on a request for adoption an Initial Study Mitigated Negative Declaration (ISMND) and Mitigation Monitoring and Reporting Program (MMRP), an amendment to the Zoning Map to establish a Community Commercial District with a Limited Overlay (CC-O) and approval of a Use Permit and Design Review application of landscape and architectural plans to facilitate development of an automobile washing use at 1160 E. Leland Road, Pittsburg, CA for the Blue Wave Car Wash. The City Council introduced and waived further reading of an Ordinance approving a Zoning Map amendment for the project. The Ordinance is now ready for City Council adoption.

19. Adoption of a City Council Minute Order Ratifying Appointments to the Planning Commission, Community Advisory Commission, and Youth Advisory Commission On February 6, 2023, the City Council adopted a minute order appointing an applicant to fill a vacancy on the Planning Commission to complete the current term through February 2023, and appointing applicants for new four-year terms as follows: four vacancies on the Planning Commission, four vacancies on the Community Advisory Commission (CAC), and several vacancies on the Youth Advisory Commission (YAC). Ratification of the appointments ensures alignment with recently adopted amendments to Pittsburg Municipal Code (PMC) Title 2 regarding term(s) and term limits.
5 COUNCIL REQUEST FOR FUTURE AGENDA ITEMS
Council Members may request items to be considered for future agendas. An item will only be brought forward with a majority vote and will appear on a future agenda with staff recommendations for further Council consideration.

COUNCIL MEMBER REMARKS
Council Members may make brief announcements or informal comments at this time. (No Action Required) ADJOURNMENT TO MARCH 6, 2023
6 NOTICE TO PUBLIC

GENERAL INFORMATION
Copies of the open session agenda packets, which are distributed to the City Council, are on file in the office of the City Clerk, 65 Civic Avenue, Pittsburg, California, and are available for public inspection, beginning 72 hours in advance, during normal business hours (8:00 a.m. – 5:00 p.m., Monday through Friday, except City holidays). The full packets are also located on the City’s website at www.pittsburgca.gov. If any reports or documents, which are public records, are distributed to the City Council less than 72 hours before the meeting, those reports or documents will be available for public inspection in the City Clerk’s Office and on the day of the meeting in the Council Chamber at the public counter area below the dais.

SPEAKER’S CARD
Members of the audience who wish to address the City Council on issues that are not scheduled for the agenda and on any items listed as part of the agenda should complete a Speaker’s Card available at the dais. Please read the card carefully in order to fill out the card properly. Submit the completed card to the City Clerk before the item is called, preferably before the meeting begins. Individuals will be given up to three minutes to address the Council unless additional time is allowed as provided for spokespersons. Speakers are not permitted to yield their time to another speaker. Prior to speaking, each member of the public shall state their name and business and City of residence in a clear and audible tone of voice. Pursuant to the Brown Act, no action may be taken by the City Council on items not already scheduled on the agenda; however, the City Council may refer your comments/concerns to staff or request that the item be placed on a future agenda.

PUBLIC HEARINGS
Persons who wish to speak on Public Hearings listed on the agenda will be heard when the Public Hearing is opened, except on Public Hearing items previously heard and closed to public comment. After the public has commented, the item is closed to public comment and brought to the Council/Agency level for discussion and action. Further comment from the audience will not be received unless requested by the Council/Agency.

There is a 90-day limit for the filing of a challenge in the Superior Court to certain City administrative decisions and orders which require a hearing by law, the receipt of evidence, and the exercise of discretion. The 90-day limit begins on the date the decision is final (Code of Civil Procedure Section 1094.6). Further, if you challenge an action taken by the City Council in court, you may be limited, by California law, including but not limited to Government Code Section 65009, to raising only those issues you or someone else raised in the public hearing, or in written correspondence delivered to the City Council prior to or at the public hearing. The City Council may be requested to reconsider a decision if the request is made prior to the next City Council meeting, regardless of whether it is a regular or special meeting.

NOTICE TO THE DISABLED AND VISUALLY OR HEARING IMPAIRED In compliance with the Americans with Disabilities Act, the City of Pittsburg will provide special assistance for disabled residents. Upon request, an agenda for any meeting shall be made available in appropriate alternative formats. The Council Chamber is equipped with sound amplifier units for use by the hearing impaired. The units operate in conjunction with the Chamber’s sound system. You may request the sound amplifier from the City Clerk for personal use during Council meetings. If you need special assistance to participate in this meeting, or are requesting a specially formatted agenda, please contact the City Clerk at 925-252-4850. Notification 48 hours prior to the meeting will enable the City to make reasonable arrangements to ensure accessibility to this meeting or provide the requested agenda format. (28 CFR 35.102-35.104 ADA Title II)

DISRUPTIVE CONDUCT
The Council requests that you observe the order and decorum of our Council Chamber by turning off or setting to vibrate all cellular telephones and electronic devices, and that you refrain from making personal, impertinent, or slanderous remarks. Boisterous and disruptive behavior while the Council is in session, and the display of signs in a manner which violates the rights of others or prevents others from watching or fully participating in the Council meeting, is a violation of our Municipal Code and any person who engages in such conduct can be ordered to leave the Council Chamber by the Mayor.

LIVE MEDIA BROADCASTING ADVISEMENT
City Council meetings are webcast live on the City’s website at www.pittsburgca.gov on the Agendas and Live Meetings page. Past meetings and approved minutes are also archived on that webpage. Watch the live meeting via the City’s webcast (www.pittsburgca.gov), or on Delta TV Comcast Channel 32, or Delta TV AT&T U-Verse Channel 99. For more information, please contact the City Clerk’s office at 252-4850. 7 City Council Outside Agency / Liaison / Sub-Committees Assignments - 2023 Updated January 17, 2023

OUTSIDE AGENCY BOARDS COUNCIL MEMBER(S) TYPE MEETS TIME STAFF ABAG Shanelle Scales-Preston / Jelani Killings Alt. Standing Annual G. Evans Delta Diablo* Juan Banales / Shanelle Scales-Preston Alt. Standing 2 nd Wednesday 4:30 pm J. Samuelson East Co. Co. County Habitat Conservancy Juan Banales / Jelani Killings Alternate Standing 4 th Monday 2:00 pm J. Davis Bi-Monthly
East County Water Management Juan Banales / Jelani Killings Alternate Standing Annual J. Samuelson MCE Clean Energy Board Shanelle Scales-Preston / Angelica Lopez Alt. Standing Quarterly 7:00 pm D. Buchanan TRANSPLAN / ECCRFFA Shanelle Scales-Preston / Juan Banales Alt. Standing 2 nd Thursday 6:30 pm J. Samuelson Tri-Delta Transit (2 reps)** S. Scales-Preston & Dionne Adams / Jelani Killings Alt. Standing Last Wednesday 4:00 pm J. Samuelson

LIAISON TO COUNCIL MEMBER(S) TYPE MEETS TIME STAFF
East Bay League of Calif. Cities Shanelle Scales-Preston / Jelani Killings Alt. Standing 3 rd Thursday G. Evans Los Medanos Health Advisory Committee Shanelle Scales-Preston & Jelani Killings Ad Hoc As needed M. Aliotti Mayor’s Conference Shanelle Scales-Preston / Juan Banales Alt. Standing 1 st Thursday 6:30 pm G. Evans School Districts Committee (2x2) Jelani Killings & Angelica Lopez / Dionne Adams Alt. Standing 2nd Thursday 4:00 pm M. Aliotti even months

SUBCOMMITTEES COUNCIL MEMBER(S) TYPE MEETS TIME STAFF
CAC CDBG Dionne Adams & Angelica Lopez / S. Scales-Preston Alt. Standing As needed M. Aliotti City Infrastructure and Transportation S. Scales-Preston & Juan Banales / Jelani Killings Alt. Standing As needed J. Samuelson Community Services S. Scales-Preston & Angelica Lopez / Dionne Adams Alt. Standing As needed M. Aliotti Constituent Management Services S. Scales-Preston & Dionne Adams / Angelica Lopez Alt. Ad Hoc As needed M. Aliotti Economic Develop/Waterfront Jelani Killings & Dionne Adams / S. Scales-Preston Alt. Standing As needed 4:30 pm J. Davis Finance S. Scales-Preston & Juan Banales / Dionne Adams Alt. Standing Monthly 3:30 pm P. Rodrigues Government Performance Juan Banales & Jelani Killings Ad Hoc As needed J. Brizel Land Use Juan Banales & Dionne Adams / Angelica Lopez Alt. Standing Monthly 1:30 pm J. Davis My Brothers Keeper S. Scales-Preston & Jelani Killings Ad Hoc As needed K. Simonton Pittsburg Arts & Community Foundation S. Scales-Preston & Jelani Killings / Dionne Adams Alt. Standing As needed K. Simonton Pittsburg Police Activities League (PAL) S. Scales-Preston & Angelica Lopez / Dionne Adams Alt. Standing Monthly S. Albanese Pittsburg Recognition Juan Banales & Jelani Killings Standing As needed M. Aliotti Power Company Advisory Dionne Adams & Angelica Lopez / Juan Banales Alt. Standing As needed D. Buchanan Public Safety S. Scales-Preston & Jelani Killings / Juan Banales Alt. Standing As needed 5:00 pm S. Albanese Sister City Committee Jelani Killings & Angelica Lopez / S. Scales-Preston Alt. Standing As needed K. Simonton Tobacco, Cannabis, Alcohol Policy Review Juan Banales & Jelani Killings Ad Hoc As needed G. Evans *Stipend of $170 per month
**Stipend of $100 per month
8 9
10 OFFICE OF THE CITY MANAGER/EXECUTIVE DIRECTOR
65 Civic Avenue
Pittsburg, CA 94565
TO: Chair and Governing Board Members
FROM: Garrett Evans, Executive Director
SUBJECT: Adoption of a Housing Authority Resolution Approving a Procurement Policy
MEETING DATE: February 21, 2023

EXECUTIVE SUMMARY
When making purchases of goods and services, the Housing Authority of the City of Pittsburg (Housing Authority) is required to comply with the U.S. Department of Housing and Urban Development (HUD) rules and regulations, Federal rules and regulations under 2 CFR Part 200, and the California Public Contract Code (PCC) when performing public projects. The Procurement Policy establishes the methods by which the Housing Authority will obtain goods and services in accordance with the above referenced rules and regulations.

FISCAL IMPACT
There is no fiscal impact to the General Fund in adopting the Resolution and approving the revisions to the Procurement Policy.

RECOMMENDATION
Adopt the Resolution approving the Procurement Policy and electing under Public Contract Code (PCC) Section 22030 to become subject to the uniform construction accounting procedures set forth in California Public Contract Code Sections 22010 et seq.

BACKGROUND
A local procurement policy sets forth the requirements for specified expenditures. The Housing Authority is required to comply with the U.S. Department of Housing and Urban Development (HUD) rules and regulations when making purchases of goods and services.

For public projects, uniform cost accounting standards and alternative bidding methods were established with the passage of the Uniform Public Construction Cost Accounting Act (“Act”), found at PCC Sections 22000 et seq. In order to be subject to the Act and benefit from the increased thresholds for public projects, the Act requires the governing body to 11 elect under PCC Section 22030 to become subject to the uniform construction cost accounting procedures.

The Procurement Policy does not affect the award of vouchers to tenants under the Section 8 program, or the award of administrative fees earned under the Section 8 program.

SUBCOMMITTEE FINDINGS
The proposed Procurement Policy was not discussed in a subcommittee.

STAFF ANALYSIS
Staff has drafted the Procurement Policy to ensure compliance with federal law, guidance issued by the Office of Management and Budget (OMB), HUD and State law. The proposed Procurement Policy is discussed in more detail below.

A. Federal HUD Regulations.

On June 20th, 2018, the Executive Office of the President, OMB, Office of Federal Financial Management, issued Memorandum M-18-18 to implement recent statutory changes which raised the micro-purchase threshold under Federal financial assistance awards from $3,500 to $10,000 and the simplified acquisition threshold from $150,000 to $250,000 for all Federal financial assistance recipients.

The draft Procurement Policy complies with updated Federal laws and regulations. The Procurement Policy incorporates these regulations, notably:

1. Providing definitions for micro-purchase threshold and simplified acquisition threshold.

2. Authorizing the use small purchase procedures for purchases between $10,000 and $75,000.

3. Establishing the simplified acquisition threshold at $250,000. For purchases over $250,000, formal public solicitations and governing board approval are required.

4. Establishes a Petty Cash Purchase at a $200 threshold.

B. State Law
The Housing Authority seldom needs to contract for public projects. However, the Purchasing Policy sets forth the applicable bidding requirements if such contracting is needed.

The Act sets forth an alternative bidding procedure to PCC Section 20162 and is designed to reduce costs, expedite the awards process, reduce inefficiencies, and to streamline the administration of smaller public construction projects. Section 20162 of the PCC requires that any public project in excess of $5,000 must be publicly bid and awarded to the lowest responsible bidder. The Act provides for alternative bidding procedures when a public agency performs public projects. Here are highlights of the benefits: 1) Public projects of $60,000 or less may be performed by, by negotiated contract or by purchase order, 2) Public projects of $200,000 or less may be contracted by informal bidding, and 3) Public projects of more than $200,000 require formal bidding procedures. 12 The cost of staff time required to develop the plans, specifications and estimates necessary to solicit bids, perform the advertising, and award a publicly bid project can often exceed $10,000. Informal bidding significantly reduces staff time and cost and, because the alternative bidding has dollar thresholds closer to what is allowed under Federal procurement regulations, staff recommends seeking authority to elect to become subject to the uniform construction accounting procedures so that the Housing Authority may utilize the alternative bidding procedures authorized under the Act.

The Procurement Policy will provide staff with a document setting forth requirements and restrictions for entering into contracts for goods and services, in compliance with applicable laws.

ATTACHMENTS: Resolution
Purchasing Policy
Report Prepared By: Bruce Smargiasso, Housing Manager
13 BEFORE THE GOVERNING BOARD OF THE HOUSING AUTHORITY OF THE

CITY OF PITTSBURG
In the Matter of:

Approving the Procurement )
Policy of the Housing Authority of the ) RESOLUTION: 23- City of Pittsburg )
WHEREAS, the Uniform Public Construction Cost Accounting Act (“Act”), found in the California Public Contract Code Sections 22000 et seq, established cost accounting standards and an alternative method for the bidding of public works projects by public entities; and
WHEREAS, the Act authorizes a public agency to use specified bidding procedures so long as the public agency elects to become subject to the cost accounting procedures set forth in the Act; and
WHEREAS, on June 20, 2018, the Executive Office of the President, Office of Management and Budget, Office of Federal Financial Management, issued Memorandum M- 18-18 to implement recent statutory changes, raising the Micro- purchase Threshold under Federal financial assistance awards from $3,500 to $10,000 and the Simplified Acquisition Threshold from $150,000 to $250,000 for all Federal financial assistance recipients; and
WHEREAS, the Housing Authority of the City of Pittsburg (Housing Authority) proposes adoption of the Housing Authority Procurement Policy to incorporate the new federal thresholds, add the informal bidding procedures allowed pursuant to state law, and to adopt other recommended practices, as set forth in the attached Housing Authority of the City of Pittsburg Procurement Policy attached hereto as Exhibit A and incorporated herein by this reference (Housing Authority Procurement Policy).

NOW, THEREFORE BE IT RESOLVED by the governing board of the Housing Authority of the City of Pittsburg that the Housing Authority hereby elects to become subject to the uniform construction accounting procedures set forth in California Public Contract Code Sections 22010 et seq.

BE IT FURTHER RESOLVED that the governing board of the Housing Authority of the City of Pittsburg hereby adopts the Purchasing Policy.

14 PASSED AND ADOPTED by the Governing Board of the Housing Authority of the City of Pittsburg at a regular meeting on the 21st day of February 2023, by the following vote:

AYES:

NOES:

ABSTAINED:

ABSENT:

Shanelle Scales-Preston, Chair
ATTEST:

Alice E. Evenson, Agency Secretary
15 1

Housing Authority of the City of Pittsburg

PROCUREMENT POLICY

16 2

HOUSING AUTHORITY OF CITY OF PITTSBURG PROCUREMENT POLICY

TABLE OF CONTENTS

1. INTRODUCTION ........................................................................................................... 4

2. GENERAL ......................................................................................................................4

3. DEFINITIONS .................................................................................................................4

4. APPLICATION ................................................................................................................5

5. EXCLUSIONS .................................................................................................................5

6. CHANGES IN LAWS AND REGULATIONS ...................................................................6

7. PUBLIC ACCESS TO PROCUREMENT INFORMATION ..............................................6

8. PRINCIPLES ...................................................................................................................6

9. Purchasing Methods
A. Petty Cash Purchases .........................................................................................6 B. Micro Purchases ..................................................................................................7 C. Small Purchases ..................................................................................................7 D. Bid Splitting Prohibited .........................................................................................7 E. Sealed Bids ..........................................................................................................8 F. Competitive Proposals..........................................................................................8 G. Cooperative Purchasing/Intergovernmental Agreements (Piggy-Back) ..............9 H. Non-Competitive Proposals .................................................................................9

10. PUBLIC PROJECTS
A. General .................................................................................................................9 B. Informal Bid Procedures for Public Projects .........................................................9 C. Formal Bid Procedures for Public Projects ..........................................................10

11. COST AND PRICE ANALYSIS ................................................................................ 10 A. Independent Cost Estimates (ICE) ...................................................................... 10 B. Micro Purchases ...................................................................................................10 C. Small Purchases ...................................................................................................10 D. Sealed Bids ...........................................................................................................10 E. Competitive Proposals ...........................................................................................11 F. Contract Modifications ............................................................................................11

12. SOLICITATION AND ADVERTISING ..............................................................................11 A. Method of Solicitation ……......................................................................................11.

B. Time Frame ............................................................................................................12 C. Form .......................................................................................................................12 D. Time Period for Submission of Bids .......................................................................12 E. Cancellation of Solicitations ...................................................................................12

13. BONDING REQUIREMENTS ..........................................................................................13 A. Bid Bonds................................................................................................................13 B. Payment and Performance Bonds .........................................................................13 C. Bond Requirements ...............................................................................................13

14. CONTRACTOR QUALIFICATIONS AND DUTIES ..........................................................13 A. Contractor Responsibility .......................................................................................13 B. Suspension and Debarment ...................................................................................13 C. Contractor Lists ......................................................................................................13

15. CONTRACT FORM…………………………………………………………………….13
16 APPEALS AND REMEDIES .............................................................................................14 A. General ...................................................................................................................14 B. Appeals Procedure .................................................................................................14

17. ASSISTANCE TO SMALL AND OTHER BUSINESSES ..................................................14 A. Required Efforts .................................................................................................. ...14 17 3

18. BOARD APPROVAL OF PROCUREMENT ACTIONS ....................................................15

19. DELEGATION OF CONTRACTING AUTHORITY ............................................................15 18 4

1. INTRODUCTION
This Procurement Policy (“Policy”) complies with the Annual Contributions Contract (ACC) between the Agency and the United States Department of Housing and Urban Development (HUD), applicable Federal, State and local laws including 2 Code of Federal Regulations (“CFR”) Sections 200.317 through 200.326, and the procurement standards of the U.S.

Department of Housing and Urban Development (“HUD”). The Housing Authority has used the HUD Procurement Handbook, HUD Handbook 7460.8, REV 2, as a guide in developing this Policy.

2. GENERAL
The Housing Authority will:
• Provide a procurement system of quality and integrity, • Make all feasible efforts to ensure that small and minority-owned businesses, women’s business enterprises, and disabled veteran businesses are utilized when possible and as allowed by law,
• Provide for the fair and equitable treatment of persons or firms involved in Housing Authority procurements,
• Ensure that supplies and services (including construction) are procured efficiently, effectively, and at the most favorable prices available to the Housing Authority, • Promote competition in contracting; and
• Assure that Housing Authority purchasing actions are in compliance with applicable HUD regulations and all applicable federal, state and local laws.

3. DEFINITIONS The following terms shall have the meaning as set forth below.

Contracting Officer – As used in this Policy shall mean the Executive Director or designee, or an employee who has the authority to conduct procurement services for the Housing Authority, regardless of any other job or position title he/she may have. It is the responsibility of the Contracting Officer to:
(1) use sound judgment in accomplishing the procurement activities of the Housing Authority,
(2) ensure that bidders and contractors receive fair, impartial, and equitable treatment,
(3) ensure that contract actions comply with all applicable Federal, state and local laws and rules and with the Housing Authority's approved procurement policy, and (4) seek the best value and greatest overall benefit for the Housing Authority in response to the needs desired.

Contractor – Any vendor responding to a procurement solicitation or contracted to do business with the Housing Authority.

Micro-purchase Threshold – As used in this Policy, the threshold shall have the same meaning as that in 2 CFR Section 200.67 and as set by 48 CFR Subpart 2.1 or by Federal enactment. As of June 20, 2018, that amount is $10,000. The threshold is periodically adjusted, and this Policy will automatically incorporate those adjustments.

Simplified Acquisition Threshold – As used in this Policy, the threshold shall have the same meaning as that in 2 CFR Section 200.88 and as set by 48 CFR Subpart 2.1 or by 19 5
Federal enactment. As of June 20, 2018, that amount is $250,000. The threshold is periodically adjusted, and this Policy will automatically incorporate those changes.

Procurement – As used in this Policy, includes the procuring, purchasing, leasing, or renting of: (1) goods, supplies, equipment, and materials, (2) construction and maintenance, (3) professional and consultant services, (4) Architectural and Engineering (A/E) services, (5) social services, and (6) other services.

Public Project – As defined by the California Public Contract Code (“PCC”) Section 22002 (c), as may be amended, means any of the following: (1) Construction, reconstruction, erection, alteration, renovation, improvement, demolition and repair work involving any publicly owned, leased or operated facility. (2) Painting or repainting of any publicly owned, leased or operated facility. (3) In the case of a publicly owned utility system, “public project” shall include only the construction, erection, improvement or repair of dams, reservoirs, power plants and electrical transmission lines of 230,000 volts and higher. It does not include “maintenance work” as that term is defined by PCC Section 22002(d)-(e).

Responsible Bidder – A bidder who is able to comply with the required or proposed delivery or performance schedule; has a satisfactory performance record; has a satisfactory record of integrity and business ethics; has the necessary organization, experience, accounting and operational controls, and technical skills, or the ability to obtain them; has the necessary production, construction, and technical equipment and facilities, or the ability to obtain them; and is otherwise qualified and eligible to receive an award under applicable laws and regulations, including the fact that the bidder is not suspended, debarred or under a HUD-imposed Limited Denial of Participation.

Responsive Bid – A bid that conforms with the requirements in the Invitation for Bids (IFB), consistent with law.

4. APPLICATION
This Policy applies to all procurement actions of the Agency, regardless of the source of funds, except as noted under “exclusions” below. However, nothing in this Policy shall prevent the Agency from complying with the terms and conditions of any grant, contract, gift, or bequest that is otherwise consistent with the law. When both HUD and non-Federal grant funds are used for a project, the work to be accomplished with the funds should be separately identified prior to procurement so that appropriate requirements can be applied, if necessary. If it is not possible to separate the funds, HUD procurement regulations shall be applied to the total project. If funds and work can be separated and work can be completed by a new contract, then regulations applicable to the source of funding may be followed.

5. EXCLUSIONS
This policy does not govern the following:
• Award of administrative fees earned under the Section 8 voucher program, • Award of vouchers to tenants under the Section 8 program, • Execution of landlord Housing Authority Payments contracts under the Section 8 Housing Choice Voucher Program, or
20 6
• Execution of Agreements to Enter into Housing Assistance Payment (HACP) contracts under the Section 8 Project-based Voucher Program or non-program income, e.g., fee-for-service revenue under 24 CFR §990.

These excluded areas remain subject to applicable federal laws.

6. CHANGES IN LAWS AND REGULATIONS
In the event an applicable law or regulation is modified or eliminated, or a new law or regulation is adopted, the revised law or regulation will, to the extent inconsistent with this Policy, automatically supersede this Policy.

7. PUBLIC ACCESS TO PROCUREMENT INFORMATION
Procurements are a matter of public record. Records will be available, unless exempt from disclosure, pursuant to the California Public Records Act (California Government Code Section 6250 et seq., including any amendments thereto), and any other applicable law.

Contractors wanting to do business with the Housing Authority must not hire a person to solicit or secure a contract for a commission, percentage, brokerage, or contingent fee, except for bona fide established commercial selling agencies.

8. PROCUREMENT SUMMARY CHART:

The following dollar amounts determine who has the authority to authorize purchases, including awarding contracts, and what type of procurement method will take place (For Public Projects please see Section 13. below):

DOLLAR THRESHOLD AUTHORITY PROCUREMENT TYPE
Over $75,000 Board of Commissioners Sealed Bid or Competitive Proposal
$50,001-$75,000 Executive Director Small
$10,001-$50,000 Department Directors Small
$201-$10,000 Housing Manager Micro
$200 and less All Employees subject to
Supervisor written
approval
Petty
Federal regulation defines procurement in the following manner:
$10,000 or less = micro or micro-purchase threshold
$250,000 or less = small or simplified acquisition threshold

9. PURCHASING METHODS
21 7
A. Petty Cash Purchases
Purchases under $200 may be made by obtaining a single quote if the quote is considered reasonable (e. g., based on recent research, experience, or purchases). To the extent practicable, the Housing Authority will distribute Petty Cash Purchases equitably among qualified vendors
Petty Cash Purchases may be handled through the use of a petty cash account.

B. Micro Purchases
Purchases at or below the Micro Purchase Threshold may be made by obtaining a single quote if the HACP quote is considered reasonable (e. g., based on recent research, experience, or purchases). To the extent practicable, the Housing Authority will distribute Micro Purchases equitably among qualified vendors. The term "practicable" used herein means that there are multiple vendors equally accessible to staff, the purchases will be distributed among the vendors and not left solely with one vendor. Nothing precludes the Contracting Officer from obtaining informal quotes for Micro Purchases to ensure that the purchase is made at the best price.

C. Small Purchases
For any amounts above the Micro-purchase Threshold, but not exceeding the Simplified Acquisition Threshold, the Housing Authority shall obtain a reasonable number of quotes (preferably three). To the greatest extent feasible, and to promote competition, small purchases should be distributed among qualified sources. Purchases for amounts between the Micro-purchase and Simplified Acquisition Thresholds shall be obtained through the use of written or electronic invitations or solicitations that reasonably describe the product or service being procured. Quotes are to be obtained in writing. Award shall be made to the qualified contractor that provides the best value to the Housing Authority. If award is to be made for reasons other than lowest price, documentation shall be provided in the contract file.

D. Bid Splitting Prohibited
The Authority shall not break down requirements aggregating more than the Micro-purchase Threshold into several smaller purchases that are less than the applicable threshold merely to: (1) permit use of the Small Purchase Procedures or (2) avoid any requirements that apply to purchases that exceed the Micro-purchase Threshold.

E. Sealed Bids
Sealed bidding may be used for all contracts that exceed the Simplified Acquisition Threshold and that are not competitive proposals or non-competitive proposals, as these terms are defined in this Policy. Under Sealed Bids, the Housing Authority will solicit bids publicly; and award a fixed-price contract (e.g., lump sum or unit price regardless of contractor’s actual costs of performance) to the Responsible Bidder whose bid, conforming with all material terms and conditions of the Invitation for Bids (“IFB”), is the lowest in price.

Sealed Bids is the preferred method for procuring construction, supply, and noncomplex service contracts that are expected to exceed the Simplified Acquisition Threshold and required where required by law.
(1) Conditions for Using Sealed Bids. The Housing Authority should use the sealed bid method if the following conditions are present: a complete, adequate, and realistic statement of work, specification, or purchase description is 22 8
available; two or HACP more responsible bidders are willing and able to compete effectively for the work; the contract can be awarded based on a firm fixed price; and the selection of the successful bidder can be made principally on the lowest price.
(2) Solicitation and Receipt of Bids. An IFB is issued which includes the specifications and all contractual terms and conditions applicable to the procurement, and a statement that award will be made to the lowest responsible and responsive bidder whose bid meets the requirements of the solicitation. The IFB must state the time and place for both receiving the bids and the public bid opening. All bids received will be date and time-stamped and stored unopened in a secure place until the public bid opening. A bidder may withdraw the bid at any time prior to the bid opening.
(3) Bid Opening and Award. Bids shall be opened publicly. All bids received shall be recorded on a bid spreadsheet, and then made available for public inspection.

If equal low bids are received from responsible bidders, the Housing Authority has determined that the award will be made to the winner of a single coin flip. If only one responsive bid is received from a responsible bidder, award shall not be made unless the price can be determined to be reasonable, based on a documented cost or price analysis.
(4) Mistakes in Bids. Correction or withdrawal of bids may be permitted, consistent with applicable law.

F. Competitive Proposals
Unlike Sealed Bids, the Competitive Proposal method permits consideration of technical factors other than price; discussion with offerors concerning offers submitted; negotiation of contract price or estimated cost and other contract terms and conditions; revision of proposals before the final contractor selection; and the withdrawal of an offer at any time up until the point of award. Award is normally made on the basis of the proposal that represents the best overall value to the Authority, considering price and other factors, e.g., technical expertise, past experience, quality of proposed staffing, etc., set forth in the solicitation and not solely the lowest price. The competitive proposals process, utilizing a Request for Proposals (RFP), is the preferred method for procuring professional services that will exceed the Simplified Acquisition Threshold. (1) Conditions for Use. 1) When the requirement cannot be described specifically enough to permit using the Sealed Bid process; 2) the nature of the requirement is such that the Agency needs to evaluate more than just price; or 3) the requested work lends itself to different approaches. Competitive proposals are the preferred method for procuring professional services that will exceed the Simplified Acquisition Threshold.
(2) Form of Solicitation. Competitive proposals shall be solicited through the issuance of a Request for Proposals (RFP). The RFP shall clearly identify the 23 9
importance and relative value of each of the evaluation criteria (points or percentage). Price must be a criterion.
(3). Evaluation. The proposals shall be evaluated only on the criteria stated in the RFP.
(4) Award. After evaluation of the revised proposals, if any, the contract shall be awarded to the responsible firm whose technical approach to the project, qualifications, price and/or any other factors considered, are most advantageous to the Housing Authority provided that the price is within the maximum total project budgeted amount established for the specific property or activity. In the event there's only one qualified response to a competitive procurement, please see Section 12.H. below.

G. Cooperative Purchasing/Intergovernmental Agreements (Piggy-Back) The Housing Authority may participate in federal, State of California, or local cooperative or intergovernmental agreements to purchase or use common supplies, equipment, or services. The Housing Authority may also contract directly with a firm that has a competitively solicited contract with a local government agency. The decision to use an intergovernmental agreement or competitively solicited contract with a local government agency instead of conducting a direct procurement will be based on economy and efficiency. If used, the interagency agreement shall stipulate who is authorized to purchase on behalf of the participating parties and shall specify inspection, acceptance, termination, payment, and other relevant terms and conditions. The Housing Authority may use Federal or State excess and surplus property instead of purchasing new equipment and property if feasible and if it will result in a reduction of project costs. The goods and services obtained under a cooperative purchasing agreement must have been procured in accordance with 2 CFR 200.318(e).

H. Non-Competitive Proposals
(1) Condition for use. Procurement by noncompetitive proposals (sole-source) may be used only when the award of a contract is not feasible using small purchase procedures, sealed bids, cooperative purchasing, or competitive proposals, and if one of the following applies:
(a) The item is available only from a single source, based on a good faith review of available sources.
(b) The Executive Director has determined that an emergency exists that seriously threatens the public health, welfare, or safety, or endangers property, or would otherwise cause serious injury to the Housing Authority, as may arise by reason of a flood, earthquake, epidemic, riot, equipment failure, or similar event. In such cases, there must be an immediate and serious need for supplies, services, or construction such that the need cannot be met through any of the other procurement methods, and the emergency procurement shall be limited to those supplies, services, or construction necessary to meet the emergency. The Housing Authority may proceed at once to correct or address the threat. Any expenditures over $250,000 will be reported at the next Board of Commissioners meeting.
(c) HUD authorizes the use of non-competitive proposals. (d) After solicitation of a number of sources, competition is determined inadequate. 24 10

10. PUBLIC PROJECTS (See Definition in Section 3.)

A. General
The Housing Authority shall comply with the State Labor Code and the California Public Contract Code (PCC) regarding the solicitation of and contracting for Public Projects, including bid bonds, payment and performance bonds, prevailing wages (when applicable), and labor provisions.
(1) For Public Projects at or below the Micro-purchase Threshold, the Housing Authority may obtain a single quote if the quote is considered reasonable. (2) For Public Projects between the Micro-purchase Threshold and the amount determined in PCC Section 22032 (a) ($60,000 as of January 1, 2019), the project may be performed: 1) by the employees of the Housing Authority by force account; 2) by negotiated contract or 3) by purchase order. Methods 2) or 3) require obtaining a reasonable number of written quotes (preferably 3) or should otherwise be purchased in the most prudent and economical way feasible. (3) For Public Projects above the amount provided in PCC Section 22032(a) up to the amount provided in PCC Section 22032(b) ($200,000 as of January 1, 2019), the contract shall be let in accordance with the Informal Bid Procedures below. (4) Public Projects above the amount provided in PCC Section 22032(b) shall be let to contract in accordance with the Formal Bid Procedures below.

B. Informal Bid Procedures for Public Projects
(1) Notice to contractors shall be provided in accordance with state and federal law as applicable.

C. Formal Bid Procedures for Public Projects
(1) Formal bidding shall be undertaken in compliance with state and federal law as applicable.

11. COST AND PRICE ANALYSIS
The Housing Authority shall require assurance that, before entering into a contract, the price is reasonable, in accordance with the following instructions.

A. Micro Purchases
No formal cost or price analysis is required. Rather, the execution of a contract by the Contracting Officer (through a Purchase Order or other means) shall serve as the Contracting Officer’s determination that the price obtained is reasonable, which may be based on the Contracting Officer’s prior experience or other factors.

B. Small Purchases
A comparison with other offers shall generally be sufficient determination of the reasonableness of price and no further analysis is required. If a reasonable number of quotes is not obtained to establish reasonableness through price competition, the Contracting Officer shall document price reasonableness through other means, such as prior purchases of this nature, catalog prices, the Contracting Officer’s personal knowledge at the time of purchase, comparison to the ICE, or any other reasonable basis. 25 11
C. Sealed Bids
The presence of adequate competition should generally be sufficient to establish price reasonableness. Where sufficient bids are not received, and when the bid received is substantially more than the ICE, and where the Housing Authority cannot reasonably determine price reasonableness, the Housing Authority must conduct a cost analysis, consistent with Federal guidelines, to ensure that the price paid is reasonable.

D. Competitive Proposals
The presence of adequate competition should generally be sufficient to establish price reasonableness. Where sufficient bids are not received, The Housing Authority must compare the price with the ICE. For competitive proposals where prices cannot be easily compared among offerors, where there is not adequate competition, or where the price is substantially greater than the ICE, the Housing Authority must conduct a cost analysis, consistent with Federal guidelines, to ensure that the price paid is reasonable.

E. Contract Modifications
A cost analysis, consistent with Federal guidelines, shall be conducted for all contract modifications for projects that were procured through Sealed Bids, Competitive Proposals, or Non- Competitive Proposals, or for projects originally procured through Small Purchase procedures and the amount of the contract modification will result in a total contract price in excess of the Simplified Acquisition Threshold. The Executive Director is authorized to approve contract modifications (i.e., amendments, change orders, addendums) not to exceed the cumulative authorization limit. A contract modification that raises the cumulative total of the procurement to an amount exceeding the Executive Director’s authorization limit, requires approval by the Board of Commissioners. For example, an $80,000 change order to a $200,000 contract would bring the cumulative procurement to $280,000. This change order would require approval by the Board of Commissioners.

12. SOLICITATION AND ADVERTISING
A. Method of Solicitation
(1) Micro Purchases. The Housing Authority may contact only one source if the price is considered reasonable.
(2) Small Purchases. Quotes may be solicited through e-mail, fax, or by any other reasonable method.
(3) Sealed Bids and Competitive Proposals. Solicitation must be done publicly. The Housing Authority must use one or more following solicitation methods, provided that the method employed provides for meaningful competition.
(a) Advertising in newspapers, or other print mediums of local or general circulations and the Agency website.
(b) Advertising in various trade journals or publications (for construction). For Public Projects, the notice inviting formal bids shall also be electronically mailed to all appropriate construction trade journals specified in PCC Section 22036. (c) E-Procurement. The Housing Authority may conduct its public procurements through the internet using e-procurement systems. However, all e-procurements 26 12
must otherwise be in compliance with 2 CFR 200.317 through 200.326, State and local requirements, and this Procurement Policy.

B. Time Frame
For purchases that exceed the Simplified Acquisition Threshold, the public notice should run not less than once each week for two consecutive weeks.

C. Form
Notices/advertisements should state, at a minimum, the place, date, and time that the bids or proposals are due, the solicitation number, a contact who can provide a copy of, and information about, the solicitation, and a brief description of the needed items(s).

D. Time Period for Submission of Bids
A minimum of 30 days should generally be provided for the preparation and submission of sealed bids and 15 days for competitive proposals. However, the Executive Director may allow for a shorter period under extraordinary circumstances.

E. Cancellation of Solicitations
(1) Any solicitation may be cancelled before bids/offers are due if:
(a) The supplies, services or construction are no longer required, (b) The funds are no longer available,
(c) Proposed amendments to the solicitation are of such magnitude that a new solicitation would be best; or
(d) Other similar reasons.
(2) A solicitation may be cancelled and all bids or proposals that have already been received may be rejected if:
(a) The supplies or services (including construction) are no longer required, (b) Ambiguous or otherwise inadequate specifications were part of the solicitation, (c) All factors of significance to the Housing Authority were not considered, (d) Prices exceed available funds, and it would not be appropriate to adjust quantities to come within available funds,
(e) There is reason to believe that bids or proposals may not have been independently determined in open competition, may have been collusive, or may have been submitted in bad faith; or
(f) For good cause of a similar nature when it is in the best interest of the Housing Authority.
(3) The reasons for cancellation or rejection shall be documented in the procurement file and shall be provided upon request.
(4) A notice of cancellation shall be sent to all bidders/offerors solicited and, if appropriate, shall explain that they will be given an opportunity to compete on any re-solicitation or future procurement of similar items.
(5) If all otherwise acceptable bids received in response to an solicitation are at unreasonable prices an analysis should be conducted to see if there is a problem in either the specifications or the Housing Authority's cost estimate. If both are determined adequate and if only one bid is received and the price is unreasonable, the Contracting Officer may cancel the solicitation and re-solicit:
27 13

13. BONDING REQUIREMENTS
The standards under this section apply to construction contracts that exceed $100,000. The Housing Authority may require bonds for other contracts when deemed appropriate; however, non-construction contracts generally do not require bid bonds.

A. Bid Bonds
For construction contracts exceeding $100,000, offerors shall be required to submit a bid guarantee from each bidder equivalent to 5% of the bid price.

B. Payment and Performance Bonds
Unless otherwise provided in State law, prior to the execution of any contract for construction and equipment contracts exceeding $100,000, the successful bidder shall furnish a performance and payment bond in a penal sum of 100% of the contract price.

C. Bond Requirements
These bonds must be obtained from guarantee or surety companies acceptable to the U. S.

Government and authorized to do business in the State where the work is to be performed.

Individual sureties shall not be considered.

14. CONTRACTOR QUALIFICATIONS AND DUTIES
A. Contractor Responsibility
The Housing Authority shall not award any contract until the prospective contractor, i. e., low responsive bidder, or successful offeror, has been determined to be responsible.

If a prospective contractor is found to be non-responsible, a written determination of non- responsibility shall be prepared and included in the official contract file, and the prospective contractor shall be advised of the reasons for the determination.

B. Suspension and Debarment
Contracts shall not be awarded to debarred, suspended, or ineligible contractors.

Contractors may be suspended, debarred, or determined to be ineligible by HUD in accordance with HUD regulations (2 CFR 200.317 through 200.326) or by other Federal agencies, e.g., Department of Labor for violation of labor regulations, when necessary to protect housing authorities in their business dealings.

15. CONTRACT FORM
All contracts above the Simplified Acquisition Threshold or where the Housing Authority template contract, approved by the Housing Authority General Counsel, is not used will be approved as to form by the Housing Authority General Counsel. All HUD-required clauses, forms, and certifications shall be used in all corresponding solicitations and contracts.

Additional forms and certifications may be required by State and local laws depending on the funding source.
28 14

16. APPEALS AND REMEDIES
A. General
It is Housing Authority policy to resolve all procurement and contractual issues informally and without litigation. Disputes will not be referred to HUD unless all administrative remedies have been exhausted. When appropriate, a mediator may be used to help resolve differences.

B. Appeals Procedure
Bid protest appeals shall be conducted according to applicable law. (2) Contractor Claims. All claims by a contractor relating to performance of a contract shall be submitted in writing to the Contracting Officer for a written decision. The contractor may request a conference on the claim. The Contracting Officer’s decision shall inform the contractor of its appeal rights to the next higher level of authority in the Housing Authority.

Contractor claims shall be governed by the Changes clause in the form HUD-5370.

17. ASSISTANCE TO SMALL AND OTHER BUSINESSES
A. Required Efforts
As applicable, consistent with Presidential Executive Orders 11625, 12138, and 12432, 24 CFR §200. 321, and Section 3 of the HUD Act of 1968, all feasible efforts shall be made to ensure that small and minority-owned businesses, women’s business enterprises, and other individuals or firms located in or owned in substantial part by persons residing in the area of the Housing Authority project are used when possible. Such efforts shall include, but shall not be limited to:
(1) Including such firms, when qualified, on solicitation mailing lists, (2) Encouraging their participation through direct solicitation of bids or proposals whenever they are potential sources,
(3) Dividing total requirements, when economically feasible, into smaller tasks or quantities to permit maximum participation by such firms, (4) Establishing delivery schedules, where the requirement permits, which encourage participation by such firms,
(5) Using the services and assistance of the Small Business Administration, and the Minority Business Development Authority of the Department of Commerce, (6) Including in contracts, to the greatest extent feasible, a clause requiring contractors to provide opportunities for training and employment for lower income residents of the project area and to award subcontracts for work in connection with the project to business concerns which provide opportunities to low-income residents, as described in 24 CFR Part 135 (Section 3 businesses); (7) Requiring prime contractors, when subcontracting is anticipated, to take the positive steps listed above; and
(8) Requiring contractors to comply with applicable Section 3 economic opportunity requirements for applicable contracts.
29 15

18. BOARD APPROVAL OF PROCUREMENT ACTIONS
The Housing Authority Board of Commissioners has delegated procurement authority to the Executive Director in the not to exceed amount of $250,000. All procurements that exceed $250,000 must be approved by the Housing Authority Board of Commissioners prior to award and/or contract execution. It is the responsibility of the Executive Director to ensure that all procurement actions are conducted in accordance with the policies contained herein.

19. DELEGATION OF CONTRACTING AUTHORITY
While the Executive Director is responsible for ensuring that the Housing Authority’s procurements comply with this Policy, the Executive Director may delegate procurement authority as is necessary and appropriate to conduct the business of the Housing Authority.

In accordance with this delegation of authority, the Executive Director shall have the right, where necessary, to establish operational procedures to implement this Policy. 30 Housing Authority Minutes 1 of 2 January 17, 2023

CITY OF PITTSBURG

HOUSING AUTHORITY MEETING MINUTES
DATE: January 17, 2023
LOCATION: Council Chamber, City Hall, 65 Civic Avenue, Pittsburg, CA 94565 CITY COUNCIL.AGENCY MEMBERS
Holland Barrett White, Mayor/Chair
Shanelle Scales-Preston, Vice-Mayor/Chair
Juan Antonio Banales, Council/Agency Member
Jelani Killings, Council/Agency Member
Marilyn Craft, Council/Agency Member
S.L. Floyd, Agency Member
Annie Hill Herring, Agency Member

APPOINTED OFFICIALS
Garrett Evans, City Manager/Executive Director
Donna Mooney, City Attorney/Legal Counsel
Alice E. Evenson, City Clerk/Agency Secretary (elected) Nancy Parent, City Treasurer (elected)

CALL TO ORDER
Chair Scales-Preston called the meeting of the Housing Authority to order at 7:26 P.M. in the City Council Chamber at City Hall, 65 Civic Avenue, Pittsburg, California.

ROLL CALL
Member Banales was absent and excused.

CONSIDERATION

6. Adoption of a Housing Authority Resolution Approving the 2023 Utility Allowance Schedule
On Motion by Member Killings, seconded by Member Lopez, to adopt and carried by the following vote:

AYES: Adams, Floyd, Herring, Killings, Lopez, Scales-Preston ABSENT: Banales

CONSENT CALENDAR
On Motion by Member Floyd, seconded by Member Herring, to adopt and carried by the following vote:

AYES: Adams, Floyd, Herring, Killings, Lopez, Scales-Preston ABSENT: Banales
31 Housing Authority Minutes 2 of 2 January 17, 2023

7. Minutes of September 19, 2022

8. Disbursement Lists of July 31, 2022, August 31, 2022, and September 30, 2022

HOUSING AUTHORITY MEMBER REMARKS
There were no Housing Authority Member remarks.

ADJOURNMENT
The Housing Authority was adjourned at 7:34 P.M.

Respectfully submitted,
Alice E. Evenson, Secretary
32 Ck# Amount HAP ₁ VASH₂ UR₃ Portability Admin. Fee TOTAL 51784-51885 1,778,682.23$ 1,641,785.90 23,966.33 6,201.00 106,729.00 1,778,682.23$ 30000035-30000042
51886-51887 51,341.33$ 19,515.33 4,631.00 95.00 27,100.00 51,341.33$ 30000043
TOTAL 1,830,023.56$ 1,661,301.23 28,597.33 6,296.00 133,829.00 - 1,830,023.56$ ¹Housing Assistance Payment ²Veterans Affairs Supportive Housing ³Utility Reimbursement TOTAL
Salaries and Wages 41,027.23$
Salaries- Overtime 20.26
Retirement Miscellaneous 2,873.00
Retirement - Pension Bonds 7,029.50
Health Insurance - Employees 3,957.01
CalPERS Unfunded Liability - Non Sworn -
Additional CalPERS Pension Contribution 396.04
Life Insurance 66.56
Dental Insurance 352.16
Vision - Employee 39.83
Workers' Compensation 2,002.81
Unemployment Insurance 228.58
Disability Insurance 140.98
F I C A & Medicare 3,164.97
Deferred Compensation - Employer 411.25
Vac Buy-Bk/Empl Termination 965.92
Pension 115 Trust 590.33
Retiree OPEB Costs 2,811.50
Office Supplies & Materials 106.72
Computer Software Expense -
Postage 63.84
Misc Equipment & Furniture -
Other Special Departmental Supplies -
Utilities - Electric 1,243.39
Utilities - Water 14.47
Utilities - Telephone Service -
Utilities - WiFi/Cellphone Service 142.21
Membership Dues & Subscriptions -
Travel, Training & Conferences 892.50
Insurance - Alloc Chgs 4,101.58
Auditing Expense -
Settlement Hearing -
Other Contractual & Professional Service 0.91
Advertising & Promotion -
Maintenance Agreements -
Maintenance & Repairs -
Equipment Rental -
Building Rental -
Fleet Maintenance Alloc Chgs 588.08
Building Maintenance Alloc Chgs 1,804.83
Information Systems Alloc Chgs 1,790.75
Other fees -
Admin Overhead Paid to City 4,926.54
Admin Overhead Paid to Other HAs -
Housing Assistance Payments -
Port-In Expense -
Capital Equip & Furniture (NON-VEHICLES) 181.59
81,935.34$
Ck# Reason Amount
51545 Tulare County Housing Authority - accidental payment (76.62)$ 50807 Hanif - check lost (208.00)
50000138 Chen - wrong bank account (1,262.00)
51870 Butler - check not received (119.00)
TOTAL (1,665.62)$
Prepared by: GY 12/15/22
Reviewed by: 1,910,293.28$

VOIDED CHECKS
& ADJUSTMENTS

NET OF ISSUED AND VOIDED PAYMENTS

HOUSING AUTHORITY OF THE CITY OF PITTSBURG

DISBURSEMENT SUMMARY
FOR THE MONTH ENDED NOVEMBER 30, 2022

VOUCHERSADMINISTRATIVE EXPENSES
Description
33 12/16/2022 10:08 AM
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method Payable Property Amount Interfund Notes 2333 K-4481 haphcv 9thst 9th Street Associates, LP 11/1/2022 11-2022 EFT * hcv 4,061.00 2334 K-4482 haphcv ABDMEE Abdiani 11/1/2022 11-2022 EFT P-6726 hcv 848.00 2335 K-4483 haphcv abjent ABJ Enterprises, Inc. dba Blue Line Property 11/1/2022 11-2022 EFT * hcv 17,987.00 2336 K-4484 haphcv ADDLEO Addison 11/1/2022 11-2022 EFT P-6804 hcv 1,812.00 2337 K-4485 haphcv AGRAMI Agrawal 11/1/2022 11-2022 EFT P-7724 hcv 1,461.00 2338 K-4486 haphcv AGUROS Aguilar 11/1/2022 11-2022 EFT P-7373 hcv 1,250.00 2339 K-4487 haphcv AGUROSA Aguirre 11/1/2022 11-2022 EFT P-7706 hcv 2,021.00 2340 K-4488 haphcv ALEJAN Alexander 11/1/2022 11-2022 EFT P-7063 hcv 405.00 2341 K-4489 haphcv ALVDAL Dale Alvarez 11/1/2022 11-2022 EFT P-7110 hcv 1,675.00 2342 K-4490 haphcv AMAFEL Amarante 11/1/2022 11-2022 EFT P-7247 hcv-vash 1,500.00 2343 K-4491 haphcv andcec Cecilia Anderson 11/1/2022 11-2022 EFT P-7507 hcv 2,552.00 2344 K-4492 haphcv ANDSHA Shawn Anderson 11/1/2022 11-2022 EFT P-7376 hcv 1,501.00 2345 K-4493 haphcv ANIEBA Ebadi 11/1/2022 11-2022 EFT P-7357 hcv 2,510.00 2346 K-4494 haphcv aptsto Stoneman Apartments 11/1/2022 11-2022 EFT * hcv 36,447.00 2347 K-4495 haphcv AREMAR Bailey 11/1/2022 11-2022 EFT P-7348 hcv 2,001.00 2348 K-4496 haphcv bahshr Ba-Harani 11/1/2022 11-2022 EFT P-7034 hcv 2,153.00 2349 K-4497 haphcv BANJA Mel L. Banagan 11/1/2022 11-2022 EFT P-7144 hcv 1,950.00 2350 K-4498 haphcv BARCAR Carlos G. Barraza 11/1/2022 11-2022 EFT P-7421 hcv 804.00 2351 K-4499 haphcv BARKEN Bartlett 11/1/2022 11-2022 EFT * * 3,152.00 2352 K-4500 haphcv barsco Barbour 11/1/2022 11-2022 EFT P-7873 hcv 2,554.00 2353 K-4501 haphcv BAUJOH John Charles Bautista 11/1/2022 11-2022 EFT P-7725 hcv 1,965.00 2354 K-4502 haphcv bayman Baywood Property Management, Inc. 11/1/2022 11-2022 EFT P-6709 hcv 1,792.00 2355 K-4503 haphcv BECCHR Becerra 11/1/2022 11-2022 EFT P-6842 hcv 1,158.00 2356 K-4504 haphcv BEEHOL Hawkins 11/1/2022 11-2022 EFT * hcv 5,123.00 2357 K-4505 haphcv bellcha Charles Bell and Camino Johnson-Bell 11/1/2022 11-2022 EFT P-7476 hcv 2,454.00 2358 K-4506 haphcv belmont Belmont Apartments 11/1/2022 11-2022 EFT * hcv 75,135.00 2359 K-4507 haphcv benale Benjamen 11/1/2022 11-2022 EFT P-6843 hcv 764.00 2360 K-4508 haphcv BERTEN Berry Jr 11/1/2022 11-2022 EFT * hcv 4,247.00 2361 K-4509 haphcv BETHEL Bethel Global Development LLC 11/1/2022 11-2022 EFT * hcv 2,611.00 2362 K-4510 haphcv bhagin Bhatia 11/1/2022 11-2022 EFT P-7840 hcv 2,784.00 2363 K-4511 haphcv bhajim Bhatia 11/1/2022 11-2022 EFT * * 2,759.00 2364 K-4512 haphcv bhasom Som N Bhatia 11/1/2022 11-2022 EFT * * 6,227.00 2365 K-4513 haphcv BHASWA Pinakin Bhatt 11/1/2022 11-2022 EFT P-7628 hcv 2,548.00 2366 K-4514 haphcv BICJOS Bachir 11/1/2022 11-2022 EFT P-6717 hcv 1,950.00 2367 K-4515 haphcv BLADIA Black Diamond Management 11/1/2022 11-2022 EFT * hcv-vash 3,200.00 2368 K-4516 haphcv BOOSTE Booras 11/1/2022 11-2022 EFT P-7638 hcv 2,875.00 2369 K-4517 haphcv bor201 2018-2 IH Borrower LP 11/1/2022 11-2022 EFT P-7367 hcv 2,122.00 2370 K-4518 haphcv boyros Boyd 11/1/2022 11-2022 EFT P-7079 hcv 2,752.00 2371 K-4519 haphcv BOYVIC Boyko 11/1/2022 11-2022 EFT P-7673 hcv 2,044.00 2372 K-4520 haphcv brakel Kelly Ann Bradford 11/1/2022 11-2022 EFT P-7698 hcv 1,356.00 2373 K-4521 haphcv BRIMAR Briggs 11/1/2022 11-2022 EFT P-6752 hcv 3,081.00 2374 K-4522 haphcv BROJAN Brown 11/1/2022 11-2022 EFT P-7810 hcv-home 2,125.00 2375 K-4523 haphcv brojess Platt 11/1/2022 11-2022 EFT * hcv 1,767.00 2376 K-4524 haphcv BSAPPH Blue Sapphire Homes, Inc. 11/1/2022 11-2022 EFT P-7132 hcv 2,541.00 2377 K-4525 haphcv buihuo Huong T. Bui 11/1/2022 11-2022 EFT * hcv 4,335.00 2378 K-4526 haphcv BURJOE Joe Burns 11/1/2022 11-2022 EFT P-7208 hcv-vash 1,010.00 2379 K-4527 haphcv CANMOM Cannon 11/1/2022 11-2022 EFT P-7874 hcv 3,283.00 2380 K-4528 haphcv CARCLA Clara Beatriz Cardenas 11/1/2022 11-2022 EFT * * 2,932.00 2381 K-4529 haphcv CARDON Carson 11/1/2022 11-2022 EFT P-6807 hcv 2,025.00 Payment Register
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Period: From 11/2022 to 11/2022

34 12/16/2022 10:08 AM
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method Payable Property Amount Interfund Notes Payment Register
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Period: From 11/2022 to 11/2022
2382 K-4530 haphcv CARLLC Carpino, LLC 11/1/2022 11-2022 EFT P-7601 hcv 1,985.00 2383 K-4531 haphcv CASTLE Castle Creek Company, Inc. 11/1/2022 11-2022 EFT * hcv 1,940.00 2384 K-4532 haphcv CHACHR Chambers 11/1/2022 11-2022 EFT P-7585 hcv 2,150.00 2385 K-4533 haphcv CHACOR Cora Ann Chambers 11/1/2022 11-2022 EFT P-7736 hcv 631.00 2386 K-4534 haphcv chap.m P. M. Chaobal 11/1/2022 11-2022 EFT P-6925 hcv 2,190.00 2387 K-4535 haphcv CHECHA Chen 11/1/2022 11-2022 EFT P-6684 hcv 2,190.00 2388 K-4536 haphcv chehon Chen 11/1/2022 11-2022 EFT * hcv 4,994.00 2389 K-4537 haphcv chejie Jienlin Chen 11/1/2022 11-2022 EFT * hcv 4,117.00 2390 K-4538 haphcv CHIHWA Hwa-Yoong Chiu 11/1/2022 11-2022 EFT P-6744 hcv 2,380.00 2391 K-4539 haphcv CHOADA Ada Choi 11/1/2022 11-2022 EFT P-6737 hcv 2,750.00 2392 K-4540 haphcv chochu Choi 11/1/2022 11-2022 EFT * hcv 4,021.00 2393 K-4541 haphcv chomic Choi 11/1/2022 11-2022 EFT P-7370 hcv 2,500.00 2394 K-4542 haphcv CITHOU Pittsburg Housing Authority 11/1/2022 11-2022 EFT * hcv 5,942.00 2395 K-4543 haphcv CLAJUA Juan F. Clara 11/1/2022 11-2022 EFT * hcv 1,537.00 2396 K-4544 haphcv CORADO Cortesi III 11/1/2022 11-2022 EFT P-6719 hcv 1,920.00 2397 K-4545 haphcv cordav Cortesi 11/1/2022 11-2022 EFT P-7865 hcv 1,583.00 2398 K-4546 haphcv creeks Creekside Apt Investors LLC DBA Creekside V 11/1/2022 11-2022 EFT * * 88,559.00 2399 K-4547 haphcv CREJEA Jeannette D. Crespo 11/1/2022 11-2022 EFT P-6971 hcv 2,499.00 2400 K-4548 haphcv crospat Patricia Crosby 11/1/2022 11-2022 EFT P-6803 hcv 1,950.00 2401 K-4549 haphcv daijus Dailey 11/1/2022 11-2022 EFT P-7113 hcv 1,556.00 2402 K-4550 haphcv DAMTO Dam Quang To 11/1/2022 11-2022 EFT P-6988 hcv 2,704.00 2403 K-4551 haphcv DAVAUD Audrey Davis 11/1/2022 11-2022 EFT P-7520 hcv 1,514.00 2404 K-4552 haphcv DAVKES Davis 11/1/2022 11-2022 EFT P-7732 hcv 973.00 2405 K-4553 haphcv DAVKEV Kevin Davidson 11/1/2022 11-2022 EFT P-7441 hcv 1,629.00 2406 K-4554 haphcv davpau Paulette Davis 11/1/2022 11-2022 EFT P-7032 hcv 1,555.00 2407 K-4555 haphcv DAVROS Davis 11/1/2022 11-2022 EFT P-7065 hcv 1,477.00 2408 K-4556 haphcv DAYJAG Jagdeep or Shashi Dayal 11/1/2022 11-2022 EFT P-6795 hcv 2,894.00 2409 K-4557 haphcv DEAWAY Dea 11/1/2022 11-2022 EFT P-7306 hcv 2,502.00 2410 K-4558 haphcv DELCHA Charles Dellamore 11/1/2022 11-2022 EFT P-7390 hcv 1,666.00 2411 K-4559 haphcv DELLAT David De La Torre 11/1/2022 11-2022 EFT P-6951 hcv 1,969.00 2412 K-4560 haphcv doabri Doan 11/1/2022 11-2022 EFT * hcv 7,165.00 2413 K-4561 haphcv doanna Do 11/1/2022 11-2022 EFT * hcv 4,923.00 2414 K-4562 haphcv Dunest Dunlap 11/1/2022 11-2022 EFT P-7038 hcv 1,528.00 2415 K-4563 haphcv duntyr Duncan 11/1/2022 11-2022 EFT P-7195 hcv-home 1,417.00 2416 K-4564 haphcv DUOLIN Linda Duong 11/1/2022 11-2022 EFT P-7457 hcv 1,333.00 2417 K-4565 haphcv eastle Mercy Housing California XXXVIII 11/1/2022 11-2022 EFT * * 4,791.00 2418 K-4566 haphcv ENGLED Doris Engle Family Ltd Partnership 11/1/2022 11-2022 EFT P-6716 hcv 1,337.00 2419 K-4567 haphcv espalm Alma B Espiritu 11/1/2022 11-2022 EFT P-7813 hcv 2,200.00 2420 K-4568 haphcv ESPJOH Espinoza 11/1/2022 11-2022 EFT P-7361 hcv 1,540.00 2421 K-4569 haphcv ESQGER Gerardo M. Esquivel 11/1/2022 11-2022 EFT P-6998 hcv 1,570.00 2422 K-4570 haphcv fanjia Jianxin Fang 11/1/2022 11-2022 EFT * hcv 5,300.00 2423 K-4571 haphcv fanxia Li 11/1/2022 11-2022 EFT P-6780 hcv 2,794.00 2424 K-4572 haphcv fenjin Mao 11/1/2022 11-2022 EFT P-7129 hcv 3,110.00 2425 K-4573 haphcv FIEBAR Barbara J. Fierner 11/1/2022 11-2022 EFT P-7727 hcv 1,875.00 2426 K-4574 haphcv FIEJOS Joseph Field 11/1/2022 11-2022 EFT P-7445 hcv 1,137.00 2427 K-4575 haphcv FIGHER Figueroa 11/1/2022 11-2022 EFT P-7379 hcv 1,589.00 2428 K-4576 haphcv fletoc Brewster Fleeton 11/1/2022 11-2022 EFT P-6802 hcv 1,460.00 2429 K-4577 haphcv FLOALE Alexander Flowers 11/1/2022 11-2022 EFT P-7588 hcv 1,395.00 2430 K-4578 haphcv foxcre Fox Creek Apartments 11/1/2022 11-2022 EFT * * 27,621.00

35 12/16/2022 10:08 AM
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method Payable Property Amount Interfund Notes Payment Register
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Period: From 11/2022 to 11/2022
2431 K-4579 haphcv framo Monica Fraga 11/1/2022 11-2022 EFT P-7708 hcv 1,866.00 2432 K-4580 haphcv FRAREJ Frazier 11/1/2022 11-2022 EFT * hcv 3,858.00 2433 K-4581 haphcv FRRINV FRR Investments LLC 11/1/2022 11-2022 EFT P-7141 hcv 2,760.00 2434 K-4582 haphcv FULDAR Fuller 11/1/2022 11-2022 EFT P-6689 hcv 2,101.00 2435 K-4583 haphcv fulfan Fan Fuller 11/1/2022 11-2022 EFT P-6763 hcv-vash 1,526.00 2436 K-4584 haphcv GAIGIA Gaines 11/1/2022 11-2022 EFT P-7220 hcv 2,050.00 2437 K-4585 haphcv gaokel Gao 11/1/2022 11-2022 EFT P-7475 hcv 2,842.00 2438 K-4586 haphcv GARADR Adraine Gardner 11/1/2022 11-2022 EFT P-7279 hcv 1,096.00 2439 K-4587 haphcv GARANT Antoinette L Garcia 11/1/2022 11-2022 EFT P-7772 hcv 1,167.00 2440 K-4588 haphcv gardav David Gardner 11/1/2022 11-2022 EFT * hcv 3,846.00 2441 K-4589 haphcv garrup Rupesh Garg 11/1/2022 11-2022 EFT P-7402 hcv 2,740.00 2442 K-4590 haphcv GARWIL William H. Gardiner 11/1/2022 11-2022 EFT P-7650 hcv 1,258.00 2443 K-4591 haphcv gateway Gateway Apartments 11/1/2022 11-2022 EFT * * 5,800.00 2444 K-4592 haphcv GHAPAR Ghaboulidashti 11/1/2022 11-2022 EFT P-7797 hcv-home 1,094.00 2445 K-4593 haphcv GHOVER Vernon or Eva Gholson 11/1/2022 11-2022 EFT * hcv 2,611.00 2446 K-4594 haphcv GILJAC Jacqueline Gill 11/1/2022 11-2022 EFT P-6736 hcv 1,534.00 2447 K-4596 haphcv GILSUK Gill 11/1/2022 11-2022 EFT P-7630 hcv 1,548.00 2448 K-4597 haphcv GOLDAS Gold A and S LLC 11/1/2022 11-2022 EFT P-7641 hcv 2,318.00 2449 K-4598 haphcv GOMHAD Gomez 11/1/2022 11-2022 EFT * hcv-home 86.00 2450 K-4599 haphcv GONJES Jesse Gonzaga 11/1/2022 11-2022 EFT * hcv 2,265.00 2451 K-4600 haphcv GONMAR Gonsalves 11/1/2022 11-2022 EFT P-6734 hcv 2,336.00 2452 K-4601 haphcv gontin Gong 11/1/2022 11-2022 EFT P-7333 hcv 2,139.00 2453 K-4602 haphcv GREFRA Greene 11/1/2022 11-2022 EFT P-7405 hcv 2,091.00 2454 K-4603 haphcv GREROD Green 11/1/2022 11-2022 EFT P-7809 hcv-home 962.00 2455 K-4604 haphcv GRIPAT Patricia Gridley 11/1/2022 11-2022 EFT P-7388 hcv 975.00 2456 K-4605 haphcv GROITA Italo Grossi 11/1/2022 11-2022 EFT P-7426 hcv 1,588.00 2457 K-4606 haphcv GUAKRY Guan 11/1/2022 11-2022 EFT * hcv 4,503.00 2458 K-4607 haphcv GUNBOB Hang 11/1/2022 11-2022 EFT P-7297 hcv 1,267.00 2459 K-4608 haphcv gupabe Abhilash Gupta 11/1/2022 11-2022 EFT * * 5,237.00 2460 K-4609 haphcv H01WAT Watson, Sr. 11/1/2022 11-2022 EFT P-7272 hcv-home 921.00 2461 K-4610 haphcv hafash Asharfun Nisha Hafiz 11/1/2022 11-2022 EFT P-6724 hcv 1,667.00 2462 K-4611 haphcv hagjef Jeffrey Paul Hagler 11/1/2022 11-2022 EFT * hcv 5,157.00 2463 K-4612 haphcv HALDEL Hall 11/1/2022 11-2022 EFT P-6829 hcv 1,780.00 2464 K-4613 haphcv HARCLA Hardison 11/1/2022 11-2022 EFT P-7046 hcv 816.00 2465 K-4614 haphcv HARDAV Hart 11/1/2022 11-2022 EFT P-7761 hcv 1,938.00 2466 K-4615 haphcv HARLAW Harrold 11/1/2022 11-2022 EFT * hcv 7,273.00 2467 K-4616 haphcv HARPRO Hartz Property Management 11/1/2022 11-2022 EFT P-7048 hcv 1,820.00 2468 K-4617 haphcv hawdel Delta Hawaii Garden Apartments LLC 11/1/2022 11-2022 EFT * hcv 9,009.00 2469 K-4618 haphcv hechuan He 11/1/2022 11-2022 EFT P-6729 hcv 1,917.00 2470 K-4619 haphcv hejiyu He 11/1/2022 11-2022 EFT P-6983 hcv 2,818.00 2471 K-4620 haphcv hendav David T. Hennigan 11/1/2022 11-2022 EFT * * 18,342.00 2472 K-4621 haphcv hensil Henderson 11/1/2022 11-2022 EFT * hcv 3,208.00 2473 K-4622 haphcv HERELI Herrera 11/1/2022 11-2022 EFT P-7452 hcv 650.00 2474 K-4623 haphcv HILMAR Hill 11/1/2022 11-2022 EFT P-6834 hcv 278.00 2475 K-4624 haphcv HIRCHA Hira 11/1/2022 11-2022 EFT P-7862 hcv 1,828.00 2476 K-4625 haphcv HOACAR Carl E. Hoard II 11/1/2022 11-2022 EFT P-6687 hcv 2,681.00 2477 K-4626 haphcv HOAHAV Hoag 11/1/2022 11-2022 EFT P-6691 hcv 2,560.00 2478 K-4627 haphcv HOALBE Albert Ho 11/1/2022 11-2022 EFT P-7664 hcv 1,740.00 2479 K-4628 haphcv HOFJOY Hoffman 11/1/2022 11-2022 EFT P-7785 hcv 1,284.00

36 12/16/2022 10:08 AM
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method Payable Property Amount Interfund Notes Payment Register
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Period: From 11/2022 to 11/2022
2480 K-4629 haphcv HOLRON Ronald G. Holmes 11/1/2022 11-2022 EFT P-6730 hcv 1,022.00 2481 K-4630 haphcv holsrh SRH Holdings LLC 11/1/2022 11-2022 EFT P-7804 hcv 3,342.00 2482 K-4631 haphcv hominv Invitation Homes 11/1/2022 11-2022 EFT P-7027 hcv 2,852.00 2483 K-4632 haphcv HOTONY Tony Ho 11/1/2022 11-2022 EFT P-6860 hcv 1,142.00 2484 K-4633 haphcv HUAFAN Fanny Kao Huang 11/1/2022 11-2022 EFT P-6840 hcv 1,633.00 2485 K-4634 haphcv HUAMIN Ming Zin Huang 11/1/2022 11-2022 EFT P-6973 hcv 2,408.00 2486 K-4635 haphcv huatao Huang 11/1/2022 11-2022 EFT * hcv 8,488.00 2487 K-4636 haphcv HUAXIA Huang 11/1/2022 11-2022 EFT P-7305 hcv 2,575.00 2488 K-4637 haphcv HUNANC Nancy Xiu Zhen Hu 11/1/2022 11-2022 EFT P-7134 hcv 2,016.00 2489 K-4638 haphcv huythi Huynh 11/1/2022 11-2022 EFT P-6806 hcv 2,400.00 2490 K-4639 haphcv IGREEN IGreen House Inc. Jane S Schmidt 11/1/2022 11-2022 EFT P-6688 hcv 603.00 2491 K-4640 haphcv ihprw IH5 Property West LP 11/1/2022 11-2022 EFT P-7775 hcv 3,194.00 2492 K-4641 haphcv INVKEY Keyee Investment LLC 11/1/2022 11-2022 EFT P-7654 hcv 1,233.00 2493 K-4642 haphcv IRVLAS Irving 11/1/2022 11-2022 EFT P-7100 hcv 1,771.00 2494 K-4643 haphcv isomic Michael or Kay Isola 11/1/2022 11-2022 EFT * hcv 2,374.00 2495 K-4644 haphcv JABLOV Love 11/1/2022 11-2022 EFT P-7574 hcv 1,827.00 2496 K-4645 haphcv JACBRA Jackson 11/1/2022 11-2022 EFT P-7563 hcv 2,149.00 2497 K-4646 haphcv JAIDEE Jain 11/1/2022 11-2022 EFT * hcv 12,105.00 2498 K-4647 haphcv JAISAM Jain 11/1/2022 11-2022 EFT * hcv 9,536.00 2499 K-4648 haphcv jaivis Jain 11/1/2022 11-2022 EFT P-7082 hcv 933.00 2500 K-4649 haphcv jasnle Le 11/1/2022 11-2022 EFT P-7710 hcv 2,770.00 2501 K-4650 haphcv JIAZHA Zhang 11/1/2022 11-2022 EFT P-7308 hcv 1,528.00 2502 K-4651 haphcv JOHKRY Johnson 11/1/2022 11-2022 EFT P-6682 hcv 1,963.00 2503 K-4652 haphcv JOHRON Johnson 11/1/2022 11-2022 EFT P-7239 hcv 1,501.00 2504 K-4653 haphcv JONSHA Jones 11/1/2022 11-2022 EFT P-6991 hcv 2,667.00 2505 K-4654 haphcv JOUMOS Jouya 11/1/2022 11-2022 EFT P-7532 hcv 1,664.00 2506 K-4655 haphcv junhou Hou 11/1/2022 11-2022 EFT P-7647 hcv 2,554.00 2507 K-4656 haphcv KALOMP Kalra 11/1/2022 11-2022 EFT P-7368 hcv 3,698.00 2508 K-4657 haphcv kanwei Kang 11/1/2022 11-2022 EFT * hcv 5,071.00 2509 K-4658 haphcv KCPLLC KC Prime LLC 11/1/2022 11-2022 EFT P-6670 hcv 1,535.00 2510 K-4659 haphcv kemgro K. E. M. Group LLC 11/1/2022 11-2022 EFT P-7403 hcv 2,456.00 2511 K-4660 haphcv KESANT Anthony Keslinke 11/1/2022 11-2022 EFT * hcv 3,305.00 2512 K-4661 haphcv KEVMOF Moffett 11/1/2022 11-2022 EFT P-6883 hcv 2,192.00 2513 K-4662 haphcv KHAFAR Khan 11/1/2022 11-2022 EFT P-6838 hcv 1,405.00 2514 K-4663 haphcv kirkkw KW Kirker Creek, LLC 11/1/2022 11-2022 EFT * hcv 2,929.00 2515 K-4664 haphcv KITJOH Kitta 11/1/2022 11-2022 EFT P-6823 hcv 2,760.00 2516 K-4665 haphcv KUAQIY Kuang 11/1/2022 11-2022 EFT * hcv 6,902.00 2517 K-4666 haphcv kuasim Kuang 11/1/2022 11-2022 EFT P-7451 hcv 1,161.00 2518 K-4667 haphcv KUJZDI Zdzislaw Kujawa 11/1/2022 11-2022 EFT P-7802 hcv 1,311.00 2519 K-4668 haphcv kwadan Daniel Kwan 11/1/2022 11-2022 EFT P-7016 hcv 1,925.00 2520 K-4669 haphcv LAFTHO LaFleur 11/1/2022 11-2022 EFT P-7733 hcv 1,594.00 2521 K-4670 haphcv LAMCHO Lam 11/1/2022 11-2022 EFT P-7165 hcv 1,184.00 2522 K-4671 haphcv LAMSHI Manly-Lampkin 11/1/2022 11-2022 EFT P-6720 hcv 1,043.00 2523 K-4672 haphcv LARPET Peter C. Larsen 11/1/2022 11-2022 EFT P-7734 hcv 1,522.00 2524 K-4673 haphcv LASKEV Lassair 11/1/2022 11-2022 EFT P-6825 hcv-home 405.00 2525 K-4674 haphcv LATLLC Latif, LLC 11/1/2022 11-2022 EFT * hcv 4,633.00 2526 K-4675 haphcv lcstar LCSTAR, LLC 11/1/2022 11-2022 EFT * hcv 3,208.00 2527 K-4676 haphcv ledaot Le 11/1/2022 11-2022 EFT P-6878 hcv 1,134.00 2528 K-4677 haphcv LEEJAC Jack Wai Lee 11/1/2022 11-2022 EFT P-6835 hcv 1,355.00

37 12/16/2022 10:08 AM
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method Payable Property Amount Interfund Notes Payment Register
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Period: From 11/2022 to 11/2022
2529 K-4678 haphcv leesiu Siu Wan Windytiti Lee 11/1/2022 11-2022 EFT P-7590 hcv 2,051.00 2530 K-4679 haphcv LEESTE Steven Lee 11/1/2022 11-2022 EFT P-7560 hcv 2,126.00 2531 K-4680 haphcv LEEYUH Yuhjen Juang Lee 11/1/2022 11-2022 EFT P-7719 hcv 1,932.00 2532 K-4681 haphcv LEHUYN Le 11/1/2022 11-2022 EFT P-6979 hcv 2,700.00 2533 K-4682 haphcv LELENA Le 11/1/2022 11-2022 EFT P-7043 hcv 745.00 2534 K-4683 haphcv LERJOS Joseph C. Lerma 11/1/2022 11-2022 EFT P-7618 hcv 125.00 2535 K-4684 haphcv LERYIP Yiping I. and Frederic Leroudier 11/1/2022 11-2022 EFT * * 3,984.00 2536 K-4685 haphcv leujoh John M. Leung 11/1/2022 11-2022 EFT * hcv 4,832.00 2537 K-4686 haphcv LEUMAY May Leung or Rodney Chen 11/1/2022 11-2022 EFT * hcv 5,149.00 2538 K-4687 haphcv leupet Peter Leung 11/1/2022 11-2022 EFT P-7700 hcv 2,346.00 2539 K-4688 haphcv lido James J. Busby & Irvin Deutcher/DBA Crest v 11/1/2022 11-2022 EFT * hcv 11,088.00 2540 K-4689 haphcv LIFAQI Faqiang Li 11/1/2022 11-2022 EFT P-7196 hcv 2,321.00 2541 K-4690 haphcv LIJIE Li 11/1/2022 11-2022 EFT P-6961 hcv 2,095.00 2542 K-4691 haphcv LIJINH Jinhuan Li 11/1/2022 11-2022 EFT P-7712 hcv 1,515.00 2543 K-4692 haphcv lijosh Li 11/1/2022 11-2022 EFT P-7931 hcv 1,214.00 2544 K-4693 haphcv LINTIM Tim Lindstrom c/o AAA Property Manageme n 11/1/2022 11-2022 EFT P-6994 hcv 1,122.00 2545 K-4694 haphcv LIVPAU Paul Livson 11/1/2022 11-2022 EFT P-7543 hcv-vash 1,775.00 2546 K-4695 haphcv LIWEIM Li 11/1/2022 11-2022 EFT P-7101 hcv 1,620.00 2547 K-4696 haphcv liying Ying Hong Li 11/1/2022 11-2022 EFT P-7334 hcv 189.00 2548 K-4697 haphcv LIZBEL Zhong Li 11/1/2022 11-2022 EFT P-7575 hcv 1,513.00 2549 K-4698 haphcv lonpau Paul Long 11/1/2022 11-2022 EFT P-7786 hcv 1,403.00 2550 K-4699 haphcv losmed Los Medanos Village Apartments 11/1/2022 11-2022 EFT * hcv 12,848.00 2551 K-4700 haphcv LOUTON Tony or Yvonne Louie 11/1/2022 11-2022 EFT P-7657 hcv 1,106.00 2552 K-4701 haphcv LOYANT Loyola 11/1/2022 11-2022 EFT P-6966 hcv 731.00 2553 K-4702 haphcv LOZJOS Jose Loza 11/1/2022 11-2022 EFT P-7670 hcv 983.00 2554 K-4703 haphcv luiand Lui 11/1/2022 11-2022 EFT * hcv 3,304.00 2555 K-4704 haphcv luiwei Wei Liu Guangxin Frank Liu 11/1/2022 11-2022 EFT P-6673 hcv 1,446.00 2556 K-4705 haphcv lumthe Entrust Group-FBO T.Lum IRA acct 34892 11/1/2022 11-2022 EFT P-7846 hcv 1,214.00 2557 K-4706 haphcv LUXIANG Lu 11/1/2022 11-2022 EFT * * 8,360.00 2558 K-4707 haphcv lychiv Chi Vien Ly 11/1/2022 11-2022 EFT * hcv 3,333.00 2559 K-4708 haphcv macyol McDonald 11/1/2022 11-2022 EFT P-7746 hcv 1,818.00 2560 K-4709 haphcv MADRAK Madra 11/1/2022 11-2022 EFT P-7639 hcv 1,056.00 2561 K-4710 haphcv mahrad Radha Mahesram 11/1/2022 11-2022 EFT P-7583 hcv 3,010.00 2562 K-4711 haphcv MAHTAR Tariq 11/1/2022 11-2022 EFT P-7896 hcv 2,752.00 2563 K-4712 haphcv majenn Ma 11/1/2022 11-2022 EFT * hcv 6,623.00 2564 K-4713 haphcv malrah Malik 11/1/2022 11-2022 EFT P-7434 hcv 3,735.00 2565 K-4714 haphcv MANJEF Jeff Mann 11/1/2022 11-2022 EFT * hcv 6,267.00 2566 K-4715 haphcv MARGLE Glenn Marshall 11/1/2022 11-2022 EFT P-7899 hcv 2,500.00 2567 K-4716 haphcv MARTEA Martinez 11/1/2022 11-2022 EFT P-6986 hcv 2,634.00 2568 K-4717 haphcv MASDEM Mason 11/1/2022 11-2022 EFT P-7162 hcv-home 2,545.00 2569 K-4718 haphcv MATLUI Lui 11/1/2022 11-2022 EFT P-6853 hcv 1,617.00 2570 K-4719 haphcv MCCHEl McCarthy 11/1/2022 11-2022 EFT P-6715 hcv 1,943.00 2571 K-4720 haphcv MCLJAN McLean 11/1/2022 11-2022 EFT P-7169 hcv 493.00 2572 K-4721 haphcv MEADOW Meadow Glen Apartments 11/1/2022 11-2022 EFT P-7866 hcv 1,925.00 2573 K-4722 haphcv menjin Jinyu Meng 11/1/2022 11-2022 EFT P-6824 hcv 1,939.00 2574 K-4723 haphcv MENSAB Sabine Menzel 11/1/2022 11-2022 EFT * hcv 4,740.00 2575 K-4724 haphcv MERJOH Johnson 11/1/2022 11-2022 EFT P-7339 hcv-home 575.00 2576 K-4725 haphcv MEZHEC Hector Meza 11/1/2022 11-2022 EFT P-7465 hcv 656.00 2577 K-4726 haphcv MILAND Miloslavich 11/1/2022 11-2022 EFT P-7474 hcv 1,909.00

38 12/16/2022 10:08 AM
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method Payable Property Amount Interfund Notes Payment Register
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Period: From 11/2022 to 11/2022
2578 K-4727 haphcv MILHOM Millennium Homes 11/1/2022 11-2022 EFT P-6820 hcv 2,187.00 2579 K-4728 haphcv MILMAR Maryann Miller 11/1/2022 11-2022 EFT P-7771 hcv 798.00 2580 K-4729 haphcv mircar Miranda 11/1/2022 11-2022 EFT P-7738 hcv-home 883.00 2581 K-4730 haphcv mirhas Hassan Mirabedi 11/1/2022 11-2022 EFT * hcv 10,376.00 2582 K-4731 haphcv MITGWE Gwendolyn Mitchell 11/1/2022 11-2022 EFT * hcv 3,548.00 2583 K-4732 haphcv momrae Raees 11/1/2022 11-2022 EFT P-7912 hcv 1,583.00 2584 K-4733 haphcv MONROD Rodney Montgomery 11/1/2022 11-2022 EFT P-7307 hcv 1,791.00 2585 K-4734 haphcv MORERI Morris 11/1/2022 11-2022 EFT P-7436 hcv 1,312.00 2586 K-4735 haphcv MORJOS Diane Morin 11/1/2022 11-2022 EFT P-7121 hcv 2,090.00 2587 K-4736 haphcv MYNDMG Brien Brothers, LLC C/O Mynd Management, 11/1/2022 11-2022 EFT P-7675 hcv 16.00 2588 K-4737 haphcv NABEHS Ehsan Nabkel 11/1/2022 11-2022 EFT P-6859 hcv 3,083.00 2589 K-4738 haphcv NARSHI Shinder Paul Narabut 11/1/2022 11-2022 EFT * hcv 5,214.00 2590 K-4739 haphcv ncasso NC Associates, Inc. 11/1/2022 11-2022 EFT * hcv 22,093.00 2591 K-4740 haphcv NELMIC c/o Jennifer Diaz 11/1/2022 11-2022 EFT P-7039 hcv 2,602.00 2592 K-4741 haphcv NESGUY Guy Nesbeth 11/1/2022 11-2022 EFT P-7665 hcv 1,760.00 2593 K-4742 haphcv NGDOMI Dominic Y Ng 11/1/2022 11-2022 EFT P-7653 hcv 1,353.00 2594 K-4743 haphcv ngknow Ng 11/1/2022 11-2022 EFT P-7693 hcv 2,042.00 2595 K-4744 haphcv NGPATR Ng 11/1/2022 11-2022 EFT P-6703 hcv 408.00 2596 K-4745 haphcv nguhieu Hieu Nguyen 11/1/2022 11-2022 EFT P-7663 hcv 1,643.00 2597 K-4746 haphcv NGUHUY Huy Quang Nguyen 11/1/2022 11-2022 EFT P-7782 hcv 2,103.00 2598 K-4747 haphcv NGUMAI Nguyen 11/1/2022 11-2022 EFT P-7458 hcv 1,950.00 2599 K-4748 haphcv nguquy Quyen Nguyen 11/1/2022 11-2022 EFT P-7805 hcv 1,900.00 2600 K-4749 haphcv NGUTIE Nguyen 11/1/2022 11-2022 EFT P-7235 hcv 296.00 2601 K-4750 haphcv NICNIC Nicholson 11/1/2022 11-2022 EFT P-7453 hcv 2,357.00 2602 K-4751 haphcv nierne Ernest Nichols III 11/1/2022 11-2022 EFT * hcv 3,243.00 2603 K-4752 haphcv nilpet Niloufari 11/1/2022 11-2022 EFT * hcv 4,627.00 2604 K-4753 haphcv norfin Northstar Financial Group, LLC 11/1/2022 11-2022 EFT * hcv-vash 1,737.00 2605 K-4754 haphcv NORKEV Kevin Nord 11/1/2022 11-2022 EFT P-7592 hcv 1,762.00 2606 K-4755 haphcv NORRIC Norte 11/1/2022 11-2022 EFT P-7571 hcv 2,553.00 2607 K-4756 haphcv norsta North State Financial, Inc. 11/1/2022 11-2022 EFT P-7667 hcv 810.00 2608 K-4757 haphcv nwmgmt New Way Management Services, Inc. 11/1/2022 11-2022 EFT * hcv 22,840.00 2609 K-4758 haphcv obrshe O'Brien 11/1/2022 11-2022 EFT P-7783 hcv 823.00 2610 K-4759 haphcv ODEJEN Odei 11/1/2022 11-2022 EFT P-7108 hcv 1,597.00 2611 K-4760 haphcv OEWDWI Owens 11/1/2022 11-2022 EFT P-6855 hcv-home 546.00 2612 K-4761 haphcv OLEDIA Oles 11/1/2022 11-2022 EFT P-7471 hcv 1,686.00 2613 K-4762 haphcv OMOESE Esosa A. Omokaro 11/1/2022 11-2022 EFT P-7735 hcv 1,911.00 2614 K-4763 haphcv ORTSAN Ortiz 11/1/2022 11-2022 EFT P-6958 hcv 1,893.00 2615 K-4764 haphcv ozemut Mutlu Ozer 11/1/2022 11-2022 EFT P-7572 hcv 2,180.00 2616 K-4765 haphcv pacliv Pacific Living, LLC 11/1/2022 11-2022 EFT P-7244 hcv 2,586.00 2617 K-4766 haphcv PATBOS Boss 11/1/2022 11-2022 EFT P-7803 hcv 1,273.00 2618 K-4767 haphcv PATHEM Hemangini & Vijendra Patel 11/1/2022 11-2022 EFT P-7409 hcv 2,609.00 2619 K-4768 haphcv PATKOK Kokila Patel 11/1/2022 11-2022 EFT P-7707 hcv 422.00 2620 K-4769 haphcv PATLLC Patiala, LLC 11/1/2022 11-2022 EFT * hcv 2,413.00 2621 K-4770 haphcv patvir Virendra M. Patel 11/1/2022 11-2022 EFT P-7616 hcv 2,225.00 2622 K-4771 haphcv paujas Jason Pauline 11/1/2022 11-2022 EFT P-6830 hcv 1,910.00 2623 K-4772 haphcv PEALOY Peacock 11/1/2022 11-2022 EFT P-7294 hcv 1,435.00 2624 K-4773 haphcv PEASCO Scott Pease 11/1/2022 11-2022 EFT P-7418 hcv 1,510.00 2625 K-4774 haphcv PERALO Perez 11/1/2022 11-2022 EFT P-7290 hcv 1,448.00 2626 K-4775 haphcv PERECA Maria Del Carmen Perez 11/1/2022 11-2022 EFT P-7037 hcv 115.00

39 12/16/2022 10:08 AM
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method Payable Property Amount Interfund Notes Payment Register
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Period: From 11/2022 to 11/2022
2627 K-4776 haphcv PERLOW Lowde Y. Perkins 11/1/2022 11-2022 EFT P-7443 hcv 863.00 2628 K-4777 haphcv phacon Pham 11/1/2022 11-2022 EFT P-7642 hcv 2,336.00 2629 K-4778 haphcv PHOMAY Pho 11/1/2022 11-2022 EFT P-6935 hcv 2,818.00 2630 K-4779 haphcv pitpar Pittsburg Park Apartments 11/1/2022 11-2022 EFT * hcv 2,932.00 2631 K-4780 haphcv Pittssk SK Pittsburg Bay Point 11/1/2022 11-2022 EFT P-7705 hcv 1,267.00 2632 K-4781 haphcv proih5 IH5 Property West LP 11/1/2022 11-2022 EFT P-7612 hcv 2,595.00 2633 K-4782 haphcv promar Marples Property Management 11/1/2022 11-2022 EFT P-7087 hcv 2,087.00 2634 K-4783 haphcv PROMEA A. Meadows Property Management 11/1/2022 11-2022 EFT * hcv 3,577.00 2635 K-4784 haphcv propar Parks Property Management 11/1/2022 11-2022 EFT P-6968 hcv 1,706.00 2636 K-4785 haphcv prosto Stokley Properties LLC Harbor 11/1/2022 11-2022 EFT * hcv 2,659.00 2637 K-4786 haphcv qaqamj Amjad Qaqish 11/1/2022 11-2022 EFT P-7419 hcv 674.00 2638 K-4787 haphcv QUISAM Sam or Sonia Quinones 11/1/2022 11-2022 EFT P-7552 hcv 1,770.00 2639 K-4788 haphcv RADAMO Radford 11/1/2022 11-2022 EFT * hcv 3,602.00 2640 K-4789 haphcv RAJKUL Raju 11/1/2022 11-2022 EFT P-6731 hcv 1,703.00 2641 K-4790 haphcv RAJPAR Paramjit K. Raju 11/1/2022 11-2022 EFT * hcv 2,324.00 2642 K-4791 haphcv RAMENR Enrique Ramirez 11/1/2022 11-2022 EFT P-7911 hcv 590.00 2643 K-4792 haphcv RAMERI Erika Ramirez 11/1/2022 11-2022 EFT * hcv 2,629.00 2644 K-4793 haphcv RAMHOR Ramsey Horton 11/1/2022 11-2022 EFT P-7494 hcv-vash 1,321.00 2645 K-4794 haphcv RAMJAV Ramos Avila 11/1/2022 11-2022 EFT P-7661 hcv 1,996.00 2646 K-4795 haphcv RAMROH Ram-Cline 11/1/2022 11-2022 EFT P-7578 hcv 2,171.00 2647 K-4796 haphcv raudav David Raughton 11/1/2022 11-2022 EFT P-7291 hcv 1,932.00 2648 K-4797 haphcv rcprop RayCaro Inc. 11/1/2022 11-2022 EFT P-7075 hcv 2,232.00 2649 K-4798 haphcv reacro Croskey Real Estate, Inc. 11/1/2022 11-2022 EFT P-7003 hcv 2,125.00 2650 K-4799 haphcv realam Amerasia Real Estate Fund LLC 11/1/2022 11-2022 EFT * * 4,080.00 2651 K-4800 haphcv relwoo Reliant - Woods Grove, LP 11/1/2022 11-2022 EFT * * 18,805.00 2652 K-4801 haphcv remeri Eric Franklin Remson 11/1/2022 11-2022 EFT P-6849 hcv 633.00 2653 K-4802 haphcv rhport RH Portofino Owner CA LLC 11/1/2022 11-2022 EFT * hcv 11,663.00 2654 K-4803 haphcv rickam Kameryn Victoria Ray 11/1/2022 11-2022 EFT P-7849 hcv 1,868.00 2655 K-4804 haphcv risinv Rising Investments LLC 11/1/2022 11-2022 EFT * hcv 6,926.00 2656 K-4805 haphcv RUFJAS Ruffin 11/1/2022 11-2022 EFT P-6723 hcv 2,263.00 2657 K-4806 haphcv RUIELV Elvira Ruiz 11/1/2022 11-2022 EFT P-7581 hcv 1,855.00 2658 K-4807 haphcv RUSCON Russell 11/1/2022 11-2022 EFT P-7179 hcv 2,300.00 2659 K-4808 haphcv SANMAR Santos 11/1/2022 11-2022 EFT P-7683 hcv 1,269.00 2660 K-4809 haphcv schgre Schulz 11/1/2022 11-2022 EFT P-7378 hcv 1,567.00 2661 K-4810 haphcv sciric Richard M. Sciortino 11/1/2022 11-2022 EFT P-6985 hcv 2,101.00 2662 K-4811 haphcv SELJAC Selinger 11/1/2022 11-2022 EFT P-6865 hcv 1,658.00 2663 K-4812 haphcv SERYOU Seroy 11/1/2022 11-2022 EFT P-6793 hcv 1,606.00 2664 K-4813 haphcv SHAMOH Sharma 11/1/2022 11-2022 EFT P-7335 hcv 982.00 2665 K-4814 haphcv SHAPAT Shailesh & Bela Patel 11/1/2022 11-2022 EFT * hcv 3,049.00 2666 K-4815 haphcv SHEMOH Shekib 11/1/2022 11-2022 EFT P-7769 hcv 1,938.00 2667 K-4816 haphcv SHIYIH Yihui Shi 11/1/2022 11-2022 EFT P-6740 hcv 1,304.00 2668 K-4817 haphcv shoinv Shorten Investments LLC 11/1/2022 11-2022 EFT * hcv 2,946.00 2669 K-4818 haphcv siecor Sierra Pacific Properties Inc 11/1/2022 11-2022 EFT * * 22,147.00 2670 K-4819 haphcv siena Siena Court Apartments 11/1/2022 11-2022 EFT * * 18,288.00 2671 K-4820 haphcv siepep Sierra Pacific Properties c/o Ernie J. Davis 11/1/2022 11-2022 EFT * * 9,403.00 2672 K-4821 haphcv siewoo Sierra Pacific Properties c/o Ernie J. Davis 11/1/2022 11-2022 EFT * * 33,351.00 2673 K-4822 haphcv SIIFRA Frank M. Siino 11/1/2022 11-2022 EFT P-7422 hcv 944.00 2674 K-4823 haphcv SIINO Joseph Michael Siino 11/1/2022 11-2022 EFT P-6686 hcv 1,654.00 2675 K-4824 haphcv SILGLO Silva 11/1/2022 11-2022 EFT P-6945 hcv 490.00

40 12/16/2022 10:08 AM
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method Payable Property Amount Interfund Notes Payment Register
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Period: From 11/2022 to 11/2022
2676 K-4825 haphcv SIMMAR Marc J. Simpson 11/1/2022 11-2022 EFT P-6836 hcv 1,642.00 2677 K-4826 haphcv SINSON Son Singh 11/1/2022 11-2022 EFT P-7200 hcv 1,457.00 2678 K-4827 haphcv SITCRY Situ 11/1/2022 11-2022 EFT P-7776 hcv 1,250.00 2679 K-4828 haphcv SMILIO Smith 11/1/2022 11-2022 EFT P-7167 hcv 1,975.00 2680 K-4829 haphcv SMIMOL Molly Smith 11/1/2022 11-2022 EFT P-7778 hcv 2,000.00 2681 K-4830 haphcv SMISHE Smith 11/1/2022 11-2022 EFT P-7428 hcv-home 798.00 2682 K-4831 haphcv SOSCIN Sosa 11/1/2022 11-2022 EFT P-7637 hcv 2,448.00 2683 K-4832 haphcv sroram Srouji 11/1/2022 11-2022 EFT P-7623 hcv-vash 2,164.00 2684 K-4833 haphcv STRALE Stroud 11/1/2022 11-2022 EFT P-7398 hcv 1,510.00 2685 K-4834 haphcv STRDAR Streeter 11/1/2022 11-2022 EFT P-7677 hcv 1,985.00 2686 K-4835 haphcv sukabb Sukarto 11/1/2022 11-2022 EFT * hcv 4,915.00 2687 K-4836 haphcv suli Su 11/1/2022 11-2022 EFT P-7587 hcv 2,190.00 2688 K-4837 haphcv sulkha Sultan 11/1/2022 11-2022 EFT P-7083 hcv 1,671.00 2689 K-4838 haphcv SUMMIT Summit Venture Group, LLC 11/1/2022 11-2022 EFT P-7470 hcv 2,730.00 2690 K-4839 haphcv SURKAM Kamaljeet Surila 11/1/2022 11-2022 EFT P-6704 hcv 1,684.00 2691 K-4840 haphcv SUSPAD Paduro-Silva 11/1/2022 11-2022 EFT P-6695 hcv 2,195.00 2692 K-4841 haphcv svekon Kondratiouk 11/1/2022 11-2022 EFT P-6852 hcv 3,338.00 2693 K-4842 haphcv SYJOYC Joyce Hui Sy 11/1/2022 11-2022 EFT * hcv 6,541.00 2694 K-4843 haphcv TENYUN Yun Teng 11/1/2022 11-2022 EFT P-7277 hcv 730.00 2695 K-4844 haphcv TERNAT Terry 11/1/2022 11-2022 EFT P-7170 hcv-home 1,923.00 2696 K-4845 haphcv THAQUY Thai 11/1/2022 11-2022 EFT P-7508 hcv 2,593.00 2697 K-4846 haphcv THESIL Silvia Thein and Ada Choi 11/1/2022 11-2022 EFT P-6999 hcv 2,653.00 2698 K-4847 haphcv THOTEQ Thornton 11/1/2022 11-2022 EFT P-6963 hcv 2,761.00 2699 K-4848 haphcv TONYOW Tong 11/1/2022 11-2022 EFT P-7380 hcv 1,938.00 2700 K-4849 haphcv TOVLOU Lourdes or Raymond Tovar 11/1/2022 11-2022 EFT P-7298 hcv 1,314.00 2701 K-4850 haphcv TRARAP Tran 11/1/2022 11-2022 EFT * hcv 5,705.00 2702 K-4851 haphcv TRARIC Tran 11/1/2022 11-2022 EFT P-6692 hcv 2,789.00 2703 K-4852 haphcv TRATHU Thuy Tran 11/1/2022 11-2022 EFT P-6932 hcv 1,164.00 2704 K-4853 haphcv TRITHA Thanh Van Trinh 11/1/2022 11-2022 EFT P-6946 hcv 1,486.00 2705 K-4854 haphcv TRUSEA Truong 11/1/2022 11-2022 EFT P-6748 hcv 1,208.00 2706 K-4855 haphcv truvan Truong 11/1/2022 11-2022 EFT P-7346 hcv 1,431.00 2707 K-4856 haphcv USCERI Erica Uschold 11/1/2022 11-2022 EFT P-7139 hcv 2,950.00 2708 K-4857 haphcv v0000002 CONTRA COSTA HOUSING AUTHORITY 11/1/2022 11-2022 EFT * * 74,065.86 2709 K-4858 haphcv v0000006 College Park City HA 11/1/2022 11-2022 EFT * hcv 1,037.17 2710 K-4859 haphcv v0000056 Mims 11/1/2022 11-2022 EFT P-6676 hcv 1,276.00 2711 K-4860 haphcv v0000059 Tran 11/1/2022 11-2022 EFT P-7005 hcv 2,881.00 2712 K-4861 haphcv v0000064 Lee 11/1/2022 11-2022 EFT P-7505 hcv 2,700.00 2713 K-4862 haphcv v0000066 Tram 11/1/2022 11-2022 EFT * hcv 3,205.00 2714 K-4863 haphcv v0000071 Balaji LLC 11/1/2022 11-2022 EFT * hcv 3,218.00 2715 K-4864 haphcv v0000073 Christian Reyes 11/1/2022 11-2022 EFT P-7446 hcv 3,525.00 2716 K-4865 haphcv v0000074 Baymax Properties/TPG Rental Properties 11/1/2022 11-2022 EFT * hcv 10,898.00 2717 K-4866 haphcv v0000090 Sampson 11/1/2022 11-2022 EFT * hcv 3,546.00 2718 K-4867 haphcv v0000091 Mehmi 11/1/2022 11-2022 EFT P-7067 hcv 876.00 2719 K-4868 haphcv v0000092 Willie L. Mostella 11/1/2022 11-2022 EFT * hcv 4,450.00 2720 K-4869 haphcv VALLID Lidia Valladares 11/1/2022 11-2022 EFT P-7349 hcv 1,561.00 2721 K-4870 haphcv valvic Valenzuela 11/1/2022 11-2022 EFT P-7701 hcv 2,875.00 2722 K-4871 haphcv VASGAR Gary D. Vasconcellos 11/1/2022 11-2022 EFT P-6721 hcv 1,720.00 2723 K-4872 haphcv VERHOM Veritel Homes LLC 11/1/2022 11-2022 EFT P-7192 hcv 2,165.00 2724 K-4873 haphcv VICAZE Vickers 11/1/2022 11-2022 EFT P-7551 hcv 2,622.00

41 12/16/2022 10:08 AM
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method Payable Property Amount Interfund Notes Payment Register
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Period: From 11/2022 to 11/2022
2725 K-4874 haphcv VIENUN Nuno G Vieira 11/1/2022 11-2022 EFT * hcv 4,245.00 2726 K-4875 haphcv vukuyen Vu 11/1/2022 11-2022 EFT P-6989 hcv 1,232.00 2727 K-4876 haphcv WAFSTE Wafer 11/1/2022 11-2022 EFT * hcv 1,300.00 2728 K-4877 haphcv wanlin Lining Wan 11/1/2022 11-2022 EFT P-6949 hcv 3,010.00 2729 K-4878 haphcv wanwei Wang 11/1/2022 11-2022 EFT P-7695 hcv 1,940.00 2730 K-4879 haphcv wanyur Yu Ruo Wang 11/1/2022 11-2022 EFT P-7021 hcv 2,016.00 2731 K-4880 haphcv WENHOL Wen 11/1/2022 11-2022 EFT P-6733 hcv 793.00 2732 K-4881 haphcv WHILEW Lewis White & Ruth White 11/1/2022 11-2022 EFT * * 5,759.00 2733 K-4882 haphcv WILADR Wilson 11/1/2022 11-2022 EFT P-7415 hcv 1,950.00 2734 K-4883 haphcv wilkat Wilson 11/1/2022 11-2022 EFT P-6805 hcv 1,152.00 2735 K-4884 haphcv WILLKAT Kathy D. Williams 11/1/2022 11-2022 EFT P-7576 hcv 2,705.00 2736 K-4885 haphcv WILLTAS Williams 11/1/2022 11-2022 EFT P-7602 hcv 2,800.00 2737 K-4886 haphcv WINDEV Windeler Development Group, Inc. 11/1/2022 11-2022 EFT P-7433 hcv 987.00 2738 K-4887 haphcv wonhar Har Pan Wong 11/1/2022 11-2022 EFT * hcv 3,997.00 2739 K-4888 haphcv WONJOA Joanne Wong 11/1/2022 11-2022 EFT * hcv 3,075.00 2740 K-4889 haphcv WONKIN Kinney Ming Wong 11/1/2022 11-2022 EFT P-7540 hcv 1,420.00 2741 K-4890 haphcv WONSHI Wong 11/1/2022 11-2022 EFT P-7336 hcv-vash 1,501.00 2742 K-4891 haphcv WONVIN Wong 11/1/2022 11-2022 EFT P-7634 hcv 1,646.00 2743 K-4892 haphcv WUHONG Hong Wu 11/1/2022 11-2022 EFT P-7416 hcv 1,651.00 2744 K-4893 haphcv WUZHAN Wu 11/1/2022 11-2022 EFT P-7655 hcv 3,468.00 2745 K-4894 haphcv WYADRE Drewcillia Wyatt 11/1/2022 11-2022 EFT P-7175 hcv 2,708.00 2746 K-4895 haphcv XUCHAO Xu 11/1/2022 11-2022 EFT P-7620 hcv 2,411.00 2747 K-4896 haphcv XUPING Ping Ping Xu 11/1/2022 11-2022 EFT * hcv 3,256.00 2748 K-4897 haphcv XUZHO Xu 11/1/2022 11-2022 EFT P-7284 hcv 2,870.00 2749 K-4898 haphcv yeyifa Ye 11/1/2022 11-2022 EFT P-7302 hcv 2,471.00 2750 K-4899 haphcv yipsal Sally Yip 11/1/2022 11-2022 EFT P-6933 hcv 595.00 2751 K-4900 haphcv YONQIA Lu 11/1/2022 11-2022 EFT * hcv 1,872.00 2752 K-4901 haphcv YOUCHR You 11/1/2022 11-2022 EFT P-7028 hcv 2,395.00 2753 K-4902 haphcv yueche Cheung 11/1/2022 11-2022 EFT P-6960 hcv 1,220.00 2754 K-4903 haphcv ZALMOH Mohammad Zalmaiyar 11/1/2022 11-2022 EFT * hcv 1,583.00 2755 K-4904 haphcv ZHAJIE Zhao 11/1/2022 11-2022 EFT P-7682 hcv 2,014.00 2756 K-4905 haphcv ZHAKAT Zhao 11/1/2022 11-2022 EFT P-7289 hcv 1,938.00 2757 K-4906 haphcv ZHAWEI Wei Bin Zhang or Gao Wei 11/1/2022 11-2022 EFT P-7580 hcv 1,988.00 2758 K-4907 haphcv ZHAXIR Xirong Zhao 11/1/2022 11-2022 EFT P-7573 hcv 862.00 2759 K-4908 haphcv ZHAYAN Yan Zhang 11/1/2022 11-2022 EFT P-7448 hcv 1,898.00 2760 K-4909 haphcv ZHEXIA Zheng 11/1/2022 11-2022 EFT P-6705 hcv 1,462.00 2761 K-4910 haphcv ZHIXLI Li 11/1/2022 11-2022 EFT P-7877 hcv 2,583.00 2762 K-4911 haphcv ZHOJOY Zhou 11/1/2022 11-2022 EFT P-7547 hcv 1,691.00 2763 K-4912 haphcv ZHUSHE Zhu 11/1/2022 11-2022 EFT * hcv 5,400.00 2764 K-4913 haphcv ZHUYIN Zhu 11/1/2022 11-2022 EFT * hcv 4,621.00 2765 K-4914 haphcv zhweij Zhang 11/1/2022 11-2022 EFT P-7658 hcv 1,130.00 30000035 K-4915 hcvport LPMARH Marina Heights Apartments, LP 11/1/2022 11-2022 Check * portin 5,797.00 30000036 K-4916 hcvport sieoak Sierra Pacific Properties 11/1/2022 11-2022 Check * portin 1,780.00 30000037 K-4917 hcvport t1005678 Albert 11/1/2022 11-2022 Check P-7553 portin 36.00 30000038 K-4918 hcvport t1005706 Dixon 11/1/2022 11-2022 Check P-7045 portin 28.00 30000039 K-4919 hcvport t2026998 Williams 11/1/2022 11-2022 Check P-7332 portin 53.00 30000040 K-4920 hcvport v0000057 Mims 11/1/2022 11-2022 Check P-7166 portin 1,673.00 30000041 K-4921 hcvport v0000083 Kristie Rae Myers 11/1/2022 11-2022 Check P-7074 portin 2,474.00 30000042 K-4922 hcvport vilsan San Marcos Villas 11/1/2022 11-2022 Check * portin 6,564.00

42 12/16/2022 10:08 AM
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method Payable Property Amount Interfund Notes Payment Register
.all
Period: From 11/2022 to 11/2022
50000100 K-4923 hcvport 9thst 9th Street Associates, LP 11/1/2022 11-2022 EFT P-6929 portin 741.00 50000101 K-4924 hcvport aptsto Stoneman Apartments 11/1/2022 11-2022 EFT * portin 5,069.00 50000102 K-4925 hcvport belmont Belmont Apartments 11/1/2022 11-2022 EFT * portin 12,475.00 50000103 K-4926 hcvport bor201 2018-2 IH Borrower LP 11/1/2022 11-2022 EFT P-7814 portin 1,957.00 50000104 K-4927 hcvport BROLAU Brown 11/1/2022 11-2022 EFT P-7413 portin 1,119.00 50000105 K-4928 hcvport coapin Ping Cao 11/1/2022 11-2022 EFT P-7292 portin 2,453.00 50000106 K-4929 hcvport creeks Creekside Apt Investors LLC DBA Creekside V 11/1/2022 11-2022 EFT * portin 4,187.00 50000107 K-4930 hcvport doabri Doan 11/1/2022 11-2022 EFT P-7800 portin 2,730.00 50000108 K-4931 hcvport eastle Mercy Housing California XXXVIII 11/1/2022 11-2022 EFT P-6990 portin 1,521.00 50000109 K-4932 hcvport GRERUP Grewal 11/1/2022 11-2022 EFT P-6863 portin 2,936.00 50000110 K-4933 hcvport HACPET Hackett 11/1/2022 11-2022 EFT P-6976 portin 1,973.00 50000111 K-4934 hcvport hagjef Jeffrey Paul Hagler 11/1/2022 11-2022 EFT P-7020 portin 2,514.00 50000112 K-4935 hcvport HOAHAN Hoang 11/1/2022 11-2022 EFT P-7845 portin 2,608.00 50000113 K-4936 hcvport hominv Invitation Homes 11/1/2022 11-2022 EFT P-6757 portin 1,952.00 50000114 K-4937 hcvport kirkkw KW Kirker Creek, LLC 11/1/2022 11-2022 EFT P-6671 portin 1,780.00 50000115 K-4938 hcvport liying Ying Hong Li 11/1/2022 11-2022 EFT P-7044 portin 3,500.00 50000116 K-4939 hcvport majenn Ma 11/1/2022 11-2022 EFT P-6987 portin 1,257.00 50000117 K-4940 hcvport ngumyh Nguyen 11/1/2022 11-2022 EFT P-7331 portin 2,137.00 50000118 K-4941 hcvport RAMCHR Ramirez 11/1/2022 11-2022 EFT P-7315 portin 2,093.00 50000119 K-4942 hcvport RAMHOR Ramsey Horton 11/1/2022 11-2022 EFT P-7791 portin 1,885.00 50000120 K-4943 hcvport shoinv Shorten Investments LLC 11/1/2022 11-2022 EFT * portin 3,843.00 50000121 K-4944 hcvport siecor Sierra Pacific Properties Inc 11/1/2022 11-2022 EFT * portin 6,010.00 50000122 K-4945 hcvport siena Siena Court Apartments 11/1/2022 11-2022 EFT P-6864 portin 954.00 50000123 K-4946 hcvport siewoo Sierra Pacific Properties c/o Ernie J. Davis 11/1/2022 11-2022 EFT * portin 3,258.00 50000124 K-4947 hcvport TRUXAV Truong 11/1/2022 11-2022 EFT P-7381 portin 1,256.00 50000125 K-4948 hcvport v0000061 Garschi 11/1/2022 11-2022 EFT P-7541 portin 2,723.00 50000126 K-4949 hcvport v0000062 Santa Fe Triplex LLC 11/1/2022 11-2022 EFT P-7512 portin 2,043.00 50000127 K-4950 hcvport v0000065 Marx 11/1/2022 11-2022 EFT P-6950 portin 1,080.00 50000128 K-4951 hcvport v0000068 Qinke Li DBA QJ's Property Management Co 11/1/2022 11-2022 EFT P-6881 portin 3,276.00 50000129 K-4952 hcvport v0000086 William B. Wong 11/1/2022 11-2022 EFT P-7088 portin 1,595.00 50000130 K-4953 hcvport v0000096 Jamal Tucker 11/1/2022 11-2022 EFT * portin 3,747.00 50000131 K-4954 hcvport VERHOM Veritel Homes LLC 11/1/2022 11-2022 EFT P-7135 portin 1,769.00 51784 K-4379 haphcv aawjow JOW & AAW, LLC 11/1/2022 11-2022 Check * hcv-vash 2,184.00 51785 K-4380 haphcv ACLASS A Classey Corp. DBA: ACL Property Manage 11/1/2022 11-2022 Check P-7533 hcv 2,756.00 51786 K-4381 haphcv addwes Western Addition LLC 11/1/2022 11-2022 Check * * 4,015.00 51787 K-4382 haphcv ALAMOS Alamo Square Apartments LLC 11/1/2022 11-2022 Check P-6677 hcv 2,562.00 51788 K-4383 haphcv COLGEO Cole 11/1/2022 11-2022 Check P-7492 hcv-vash 1,297.00 51789 K-4384 haphcv DISOLG Olga M. Disney 11/1/2022 11-2022 Check P-7238 hcv-vash 1,337.00 51790 K-4385 haphcv ESTPAU Rhodes 11/1/2022 11-2022 Check P-7112 hcv 1,515.00 51791 K-4386 haphcv GLOFED Glover 11/1/2022 11-2022 Check P-6997 hcv 894.00 51792 K-4387 haphcv guimor Mortgage 11/1/2022 11-2022 Check P-7626 hcv-home 2,299.00 51793 K-4388 haphcv HILDIA Diamond Hillside Apartments 11/1/2022 11-2022 Check * hcv 3,402.00 51794 K-4389 haphcv LAUSTE Lau 11/1/2022 11-2022 Check P-7163 hcv 2,387.00 51795 K-4390 haphcv LPMARH Marina Heights Apartments, LP 11/1/2022 11-2022 Check * * 69,184.00 51796 K-4391 haphcv LUMIAO Lu 11/1/2022 11-2022 Check P-7545 hcv 2,813.00 51797 K-4392 haphcv MCDDAN Dante McDonald 11/1/2022 11-2022 Check P-6826 hcv 2,190.00 51798 K-4393 haphcv MILDAR Darryl H. Milburn 11/1/2022 11-2022 Check P-6747 hcv 1,955.00 51799 K-4394 haphcv NGUYBA Ba Nguyen 11/1/2022 11-2022 Check P-7437 hcv 1,793.00 51800 K-4395 haphcv PAYLOR Lorene Paysinger 11/1/2022 11-2022 Check P-7731 hcv 1,809.00

43 12/16/2022 10:08 AM
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method Payable Property Amount Interfund Notes Payment Register
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Period: From 11/2022 to 11/2022
51801 K-4396 haphcv PHOLIN Linda Phon 11/1/2022 11-2022 Check P-6926 hcv 1,544.00 51802 K-4397 haphcv proeen MSR Rental Properties, LLC 11/1/2022 11-2022 Check P-6769 hcv-vash 1,780.00 51803 K-4398 haphcv salsha Shah 11/1/2022 11-2022 Check P-7770 hcv 1,727.00 51804 K-4399 haphcv sieoak Sierra Pacific Properties 11/1/2022 11-2022 Check * hcv 6,267.00 51805 K-4400 haphcv squvet Veterans Square LP 11/1/2022 11-2022 Check * hcv-pbv1 43,486.00 51806 K-4401 haphcv t1000092 Royston 11/1/2022 11-2022 Check P-7728 hcv 91.00 51807 K-4402 haphcv t1000139 Castillo 11/1/2022 11-2022 Check P-7833 hcv 3.00 51808 K-4403 haphcv t1000347 Lea III 11/1/2022 11-2022 Check P-6866 hcv 211.00 51809 K-4404 haphcv t1000420 Best 11/1/2022 11-2022 Check P-7593 hcv 18.00 51810 K-4405 haphcv t1000507 Smith 11/1/2022 11-2022 Check P-7049 hcv 92.00 51811 K-4406 haphcv t1000606 Parrish 11/1/2022 11-2022 Check P-7111 hcv 150.00 51812 K-4407 haphcv t1000652 Rubio 11/1/2022 11-2022 Check P-7374 hcv 24.00 51813 K-4408 haphcv t1000720 Griffin 11/1/2022 11-2022 Check P-6814 hcv 8.00 51814 K-4409 haphcv t1000912 Gay 11/1/2022 11-2022 Check P-7026 hcv 72.00 51815 K-4410 haphcv t1000983 Davis 11/1/2022 11-2022 Check P-7377 hcv 57.00 51816 K-4411 haphcv t1001095 Jones 11/1/2022 11-2022 Check P-7461 hcv 17.00 51817 K-4412 haphcv t1001148 Camp 11/1/2022 11-2022 Check P-7325 hcv 271.00 51818 K-4413 haphcv t1001330 Davis 11/1/2022 11-2022 Check P-7283 hcv 36.00 51819 K-4414 haphcv t1001374 Carlos 11/1/2022 11-2022 Check P-7900 hcv 204.00 51820 K-4415 haphcv t1001728 Edwards 11/1/2022 11-2022 Check P-7779 hcv 132.00 51821 K-4416 haphcv t1001761 Washington 11/1/2022 11-2022 Check P-6831 hcv 101.00 51822 K-4417 haphcv t1002151 Thompson 11/1/2022 11-2022 Check P-7031 hcv 85.00 51823 K-4418 haphcv t1002229 Spears 11/1/2022 11-2022 Check P-7702 hcv 135.00 51824 K-4419 haphcv t1002257 Jackson 11/1/2022 11-2022 Check P-7795 hcv 253.00 51825 K-4420 haphcv t1002307 Ellingberg 11/1/2022 11-2022 Check P-7566 hcv 223.00 51826 K-4421 haphcv t1002530 Lascano 11/1/2022 11-2022 Check P-7806 hcv 9.00 51827 K-4422 haphcv t1002622 Whaley 11/1/2022 11-2022 Check P-7656 hcv 4.00 51828 K-4423 haphcv t1002638 Davis 11/1/2022 11-2022 Check P-7517 hcv 14.00 51829 K-4424 haphcv t1002835 Gasca 11/1/2022 11-2022 Check P-7232 hcv 11.00 51830 K-4425 haphcv t1002909 Thomas 11/1/2022 11-2022 Check P-6904 hcv 14.00 51831 K-4426 haphcv t1003049 Allen 11/1/2022 11-2022 Check P-7140 hcv 128.00 51832 K-4427 haphcv t1003246 Killion 11/1/2022 11-2022 Check P-7142 hcv 4.00 51833 K-4428 haphcv t1003247 Rothschild 11/1/2022 11-2022 Check P-7447 hcv 169.00 51834 K-4429 haphcv t1003293 Berry 11/1/2022 11-2022 Check P-7662 hcv 36.00 51835 K-4430 haphcv t1003949 Nichols 11/1/2022 11-2022 Check P-7497 hcv-pbv1 20.00 51836 K-4431 haphcv t1004020 Rollins 11/1/2022 11-2022 Check P-7506 hcv 26.00 51837 K-4432 haphcv t1004056 Houston 11/1/2022 11-2022 Check P-7812 hcv 36.00 51838 K-4433 haphcv t1004318 Edmond 11/1/2022 11-2022 Check P-7869 hcv 64.00 51839 K-4434 haphcv t1004486 Alfred 11/1/2022 11-2022 Check P-6800 hcv 292.00 51840 K-4435 haphcv t1004587 Warren 11/1/2022 11-2022 Check P-7597 hcv 79.00 51841 K-4436 haphcv t1004601 Bronson 11/1/2022 11-2022 Check P-7017 hcv 33.00 51842 K-4437 haphcv t1004657 Sanders 11/1/2022 11-2022 Check P-7221 hcv 124.00 51843 K-4438 haphcv t1004810 Benson 11/1/2022 11-2022 Check P-7182 hcv 211.00 51844 K-4439 haphcv t1004983 Jackson 11/1/2022 11-2022 Check P-7749 hcv 109.00 51845 K-4440 haphcv t1005006 Williams 11/1/2022 11-2022 Check P-7600 hcv 17.00 51846 K-4441 haphcv t1005040 Blanks 11/1/2022 11-2022 Check P-7363 hcv 31.00 51847 K-4442 haphcv t1005081 Harris 11/1/2022 11-2022 Check P-7463 hcv 19.00 51848 K-4443 haphcv t1005124 Hanif 11/1/2022 11-2022 Check P-7603 hcv 76.00 51849 K-4444 haphcv t1005128 Burrus 11/1/2022 11-2022 Check P-7640 hcv 153.00

44 12/16/2022 10:08 AM
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method Payable Property Amount Interfund Notes Payment Register
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Period: From 11/2022 to 11/2022
51850 K-4445 haphcv t1005141 Barr 11/1/2022 11-2022 Check P-7544 hcv-vash 5.00 51851 K-4446 haphcv t1005201 Irvin 11/1/2022 11-2022 Check P-6712 hcv 36.00 51852 K-4447 haphcv t1005247 GOMEZ 11/1/2022 11-2022 Check P-7568 hcv 41.00 51853 K-4448 haphcv t1005260 Williams 11/1/2022 11-2022 Check P-7281 hcv 143.00 51854 K-4449 haphcv t1005268 Lee 11/1/2022 11-2022 Check P-6978 hcv 54.00 51855 K-4450 haphcv t1005269 Nawabi 11/1/2022 11-2022 Check P-7285 hcv 19.00 51856 K-4451 haphcv t1005276 Lopez 11/1/2022 11-2022 Check P-7180 hcv 87.00 51857 K-4452 haphcv t1005293 Miller 11/1/2022 11-2022 Check P-6924 hcv 25.00 51858 K-4453 haphcv t1005312 Dones 11/1/2022 11-2022 Check P-6738 hcv 67.00 51859 K-4454 haphcv t1005322 Madison 11/1/2022 11-2022 Check P-7455 hcv 163.00 51860 K-4455 haphcv t1005332 Hearne 11/1/2022 11-2022 Check P-6750 hcv 27.00 51861 K-4456 haphcv t1005360 Ghani 11/1/2022 11-2022 Check P-7450 hcv 119.00 51862 K-4457 haphcv t1005376 Thompson 11/1/2022 11-2022 Check * hcv 54.00 51863 K-4458 haphcv t1005382 Jackson 11/1/2022 11-2022 Check P-6680 hcv 232.00 51864 K-4459 haphcv t1005422 Sailbury 11/1/2022 11-2022 Check P-7536 hcv 36.00 51865 K-4460 haphcv t1005434 Eddins 11/1/2022 11-2022 Check P-7168 hcv 3.00 51866 K-4461 haphcv t1005437 Lewis 11/1/2022 11-2022 Check P-7530 hcv 196.00 51867 K-4462 haphcv t1005470 Washington 11/1/2022 11-2022 Check P-7435 hcv 92.00 51868 K-4463 haphcv t1005471 Lewis 11/1/2022 11-2022 Check P-6690 hcv 48.00 51869 K-4464 haphcv t1005475 Mangum 11/1/2022 11-2022 Check P-7371 hcv 70.00 51870 K-4465 haphcv t1005479 Butler 11/1/2022 11-2022 Check P-6796 hcv 119.00 51871 K-4466 haphcv t1005510 Coleman 11/1/2022 11-2022 Check P-6980 hcv 78.00 51872 K-4467 haphcv t1005563 Carter 11/1/2022 11-2022 Check P-7586 hcv 40.00 51873 K-4468 haphcv t1005568 Ferguson 11/1/2022 11-2022 Check P-7489 hcv-vash 18.00 51874 K-4469 haphcv t1005573 Johnson 11/1/2022 11-2022 Check P-6753 hcv 344.00 51875 K-4470 haphcv t1005605 Phifer Jr. 11/1/2022 11-2022 Check P-6762 hcv-vash 22.00 51876 K-4471 haphcv t1005619 Evans 11/1/2022 11-2022 Check P-7876 hcv 29.00 51877 K-4472 haphcv t1005732 Millanfriel 11/1/2022 11-2022 Check P-7138 hcv-pbv1 9.00 51878 K-4473 haphcv t1005736 Lewis 11/1/2022 11-2022 Check P-7498 hcv-pbv1 23.00 51879 K-4474 haphcv t1005785 Behn 11/1/2022 11-2022 Check P-7504 hcv-pbv1 23.00 51880 K-4475 haphcv TAMALB Tam 11/1/2022 11-2022 Check P-6784 hcv 1,256.00 51881 K-4476 haphcv v0000022 Harris County Housing Authority 11/1/2022 11-2022 Check * hcv 766.87 51882 K-4477 haphcv v0000025 Suisun City Housing Authority 11/1/2022 11-2022 Check * hcv-vash 1,634.33 51883 K-4478 haphcv vilsan San Marcos Villas 11/1/2022 11-2022 Check P-7029 hcv 1,520.00 51884 K-4479 haphcv WESUPP Western Upper Haight Street Apartments, L L 11/1/2022 11-2022 Check P-6847 hcv 1,743.00 51885 K-4480 haphcv YINYEU Yeung 11/1/2022 11-2022 Check * hcv 1,714.00 51545 K-4955 haphcv v0000019 Tulare County Housing Authority 11/8/2022 11-2022 Check P-2419 hcv -76.62 Accidental payment 50807 K-4963 haphcv t1005124 Hanif 11/14/2022 11-2022 Check P-6414 hcv -208.00 Check lost 2766 K-4964 haphcv chucha Chung 11/15/2022 11-2022 EFT * hcv 1,945.00 2767 K-4983 haphcv abjent ABJ Enterprises, Inc. dba Blue Line Property 11/16/2022 11-2022 EFT * hcv 120.00 2768 K-4984 haphcv ALEDEM Demetrius Alexander 11/16/2022 11-2022 EFT P-8120 hcv 1,648.00 2769 K-4987 haphcv creeks Creekside Apt Investors LLC DBA Creekside V 11/16/2022 11-2022 EFT * * 480.00 2770 K-4988 haphcv doanna Do 11/16/2022 11-2022 EFT * hcv 280.00 2771 K-4989 haphcv eastle Mercy Housing California XXXVIII 11/16/2022 11-2022 EFT * hcv 172.00 2772 K-4995 haphcv GONMAR Gonsalves 11/16/2022 11-2022 EFT * hcv 816.00 2773 K-4996 haphcv HARCLA Hardison 11/16/2022 11-2022 EFT * hcv 134.00 2774 K-4998 haphcv HUACHE Huang 11/16/2022 11-2022 EFT P-8131 hcv 1,292.00 2775 K-4999 haphcv KUAQIY Kuang 11/16/2022 11-2022 EFT * hcv 75.00 2776 K-5000 haphcv LERJOS Joseph C. Lerma 11/16/2022 11-2022 EFT * hcv 280.00

45 12/16/2022 10:08 AM
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method Payable Property Amount Interfund Notes Payment Register
.all
Period: From 11/2022 to 11/2022
2777 K-5001 haphcv liying Ying Hong Li 11/16/2022 11-2022 EFT * hcv 225.00 2778 K-5003 haphcv MILAND Miloslavich 11/16/2022 11-2022 EFT * hcv 280.00 2779 K-5004 haphcv ncasso NC Associates, Inc. 11/16/2022 11-2022 EFT * hcv 140.00 2780 K-5005 haphcv NELMIC c/o Jennifer Diaz 11/16/2022 11-2022 EFT * hcv 60.00 2781 K-5006 haphcv nilpet Niloufari 11/16/2022 11-2022 EFT * hcv 120.00 2782 K-5007 haphcv nwmgmt New Way Management Services, Inc. 11/16/2022 11-2022 EFT * hcv 110.00 2783 K-5008 haphcv OLEDIA Oles 11/16/2022 11-2022 EFT * hcv 240.00 2784 K-5009 haphcv PROMEA A. Meadows Property Management 11/16/2022 11-2022 EFT * hcv 352.00 2785 K-5010 haphcv rhport RH Portofino Owner CA LLC 11/16/2022 11-2022 EFT * hcv 1,734.00 2786 K-5012 haphcv SUMMIT Summit Venture Group, LLC 11/16/2022 11-2022 EFT * hcv 120.00 2787 K-5015 haphcv v0000002 CONTRA COSTA HOUSING AUTHORITY 11/16/2022 11-2022 EFT * hcv 3,579.33 2788 K-5016 haphcv v0000095 Joshua Lankford 11/16/2022 11-2022 EFT * hcv-vash 4,631.00 2789 K-5017 haphcv v0000112 240 Case Drive LLC 11/16/2022 11-2022 EFT P-8017 hcv 1,697.00 2790 K-5018 haphcv v0000113 Arudra Investments LLC 11/16/2022 11-2022 EFT * hcv 1,455.00 30000043 K-4972 hcvport t2027035 Shelton 11/16/2022 11-2022 Check * portin 95.00 50000132 K-4973 hcvport 9thst 9th Street Associates, LP 11/16/2022 11-2022 EFT * portin 3,235.00 50000133 K-4974 hcvport danfre French Evans 11/16/2022 11-2022 EFT * portin 2,668.00 50000134 K-4975 hcvport gateway Gateway Apartments 11/16/2022 11-2022 EFT * portin 2,265.00 50000135 K-4976 hcvport luiand Lui 11/16/2022 11-2022 EFT P-8129 portin 1,891.00 50000136 K-4977 hcvport rhport RH Portofino Owner CA LLC 11/16/2022 11-2022 EFT P-8132 portin 2,078.00 50000137 K-4978 hcvport ROBDAN Daniels 11/16/2022 11-2022 EFT * portin 3,729.00 50000138 K-4979 hcvport v0000089 Chen 11/16/2022 11-2022 EFT P-8099 portin 1,262.00 50000139 K-4980 hcvport v0000098 Lily Wei 11/16/2022 11-2022 EFT * portin 2,637.00 50000140 K-4981 hcvport v0000114 Richard Daigh 11/16/2022 11-2022 EFT P-7972 portin 2,694.00 50000141 K-4982 hcvport wolwar Wolfeld 11/16/2022 11-2022 EFT * portin 4,641.00 51886 K-4969 haphcv PACCAT Pacheco 11/16/2022 11-2022 Check P-8016 hcv 1,969.00 51887 K-4970 haphcv TAMALB Tam 11/16/2022 11-2022 Check * hcv 192.00 50000138 K-5020 hcvport v0000089 Chen 11/28/2022 11-2022 EFT P-8099 portin -1,262.00 Wrong bank acct 51870 K-5622 haphcv t1005479 Butler 11/30/2022 11-2022 Check P-6796 hcv -119.00 Check not received 1,828,357.94Grand Total

46 Ck# Amount HAP ₁ VASH₂ UR₃ Portability Admin. Fee TOTAL 51888-51979 1,759,913.19$ 1,617,861.86 27,687.33 5,133.00 109,231.00 1,759,913.19$ 30000044-30000079
51980-51983 69,510.79$ 61,594.79 - 430.00 7,486.00 69,510.79$ 30000057
51984 14,228.25$ 9,756.25 1,603.00 211.00 2,658.00 14,228.25$ 30000058-30000059
TOTAL 1,843,652.23$ 1,689,212.90 29,290.33 5,774.00 119,375.00 - 1,843,652.23$ ¹Housing Assistance Payment ²Veterans Affairs Supportive Housing ³Utility Reimbursement TOTAL
Salaries and Wages 41,546.72$
Salaries- Overtime -
Retirement Miscellaneous 2,873.00
Retirement - Pension Bonds 7,029.50
Health Insurance - Employees 7,914.02
CalPERS Unfunded Liability - Non Sworn -
Additional CalPERS Pension Contribution 198.02
Life Insurance 66.56
Dental Insurance 689.62
Vision - Employee 79.66
Workers' Compensation 2,015.41
Unemployment Insurance 232.95
Disability Insurance 143.68
F I C A & Medicare 3,227.95
Deferred Compensation - Employer 822.50
Vac Buy-Bk/Empl Termination 965.92
Pension 115 Trust 590.33
Retiree OPEB Costs 2,811.50
Office Supplies & Materials 116.91
Computer Software Expense -
Postage 67.50
Misc Equipment & Furniture -
Other Special Departmental Supplies -
Utilities - Electric 1,260.13
Utilities - Water 14.47
Utilities - Telephone Service 1,013.44
Utilities - WiFi/Cellphone Service 98.06
Membership Dues & Subscriptions -
Travel, Training & Conferences -
Insurance - Alloc Chgs 4,101.58
Auditing Expense -
Settlement Hearing -
Other Contractual & Professional Service 150.97
Advertising & Promotion -
Maintenance Agreements 2,626.12
Maintenance & Repairs -
Equipment Rental -
Building Rental -
Fleet Maintenance Alloc Chgs 604.08
Building Maintenance Alloc Chgs 1,804.83
Information Systems Alloc Chgs 1,790.75
Other fees -
Admin Overhead Paid to City 4,926.54
Admin Overhead Paid to Other HAs -
Housing Assistance Payments -
Port-In Expense -
Capital Equip & Furniture (NON-VEHICLES) -
89,782.72$
Ck# Reason Amount
51756 Ghani - check lost (119.00)$
50000168 Lum - wrong bank account (2,320.00)
TOTAL (2,439.00)$
Prepared by: GY 1/11/23
Reviewed by: 1,930,995.95$

VOIDED CHECKS
& ADJUSTMENTS

NET OF ISSUED AND VOIDED PAYMENTS

HOUSING AUTHORITY OF THE CITY OF PITTSBURG

DISBURSEMENT SUMMARY
FOR THE MONTH ENDED DECEMBER 31, 2022

VOUCHERSADMINISTRATIVE EXPENSES
Description
47 Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method
Payable Property Amount Interfund Notes
Control Control#
71 K-5021 haphcv t1000507 Smith 11/28/2022 12/2022 Check * hcv 0.00 :TOA Zero Dollar Adjustment 51888 K-5022 haphcv aawjow JOW & AAW, LLC 12/01/2022 12/2022 Check * hcv-vash 2,184.00 51889 K-5023 haphcv ACLASS A Classey Corp. DBA: ACL Property Management
12/01/2022 12/2022 Check P-9039 hcv 2,756.00
51890 K-5024 haphcv addwes Western Addition LLC 12/01/2022 12/2022 Check * * 4,015.00 51891 K-5025 haphcv ALAMOS Alamo Square Apartments LLC 12/01/2022 12/2022 Check P-8177 hcv 2,562.00 51892 K-5026 haphcv COLGEO Cole 12/01/2022 12/2022 Check P-8342 hcv-vash 1,297.00 51893 K-5027 haphcv DISOLG Olga M. Disney 12/01/2022 12/2022 Check P-9250 hcv-vash 1,337.00 51894 K-5028 haphcv ESTPAU Rhodes 12/01/2022 12/2022 Check P-8929 hcv 1,515.00 51895 K-5029 haphcv GLOFED Glover 12/01/2022 12/2022 Check P-8731 hcv 894.00 51896 K-5030 haphcv guimor Mortgage 12/01/2022 12/2022 Check P-8638 hcv-home 2,299.00 51897 K-5031 haphcv HILDIA Diamond Hillside Apartments 12/01/2022 12/2022 Check * hcv 3,402.00 51898 K-5032 haphcv LAUSTE Lau 12/01/2022 12/2022 Check P-8397 hcv 2,387.00 51899 K-5033 haphcv LPMARH Marina Heights Apartments, LP 12/01/2022 12/2022 Check * * 67,559.00 51900 K-5034 haphcv LUMIAO Lu 12/01/2022 12/2022 Check P-8348 hcv 2,813.00 51901 K-5035 haphcv MCDDAN Dante McDonald 12/01/2022 12/2022 Check P-9298 hcv 2,190.00 51902 K-5036 haphcv MILDAR Darryl H. Milburn 12/01/2022 12/2022 Check P-9178 hcv 1,955.00 51903 K-5037 haphcv NGUYBA Ba Nguyen 12/01/2022 12/2022 Check P-8849 hcv 1,793.00 51904 K-5038 haphcv PAYLOR Lorene Paysinger 12/01/2022 12/2022 Check P-9103 hcv 1,809.00 51905 K-5039 haphcv PHOLIN Linda Phon 12/01/2022 12/2022 Check P-8763 hcv 1,544.00 51906 K-5040 haphcv proeen MSR Rental Properties, LLC 12/01/2022 12/2022 Check P-8335 hcv-vash 1,780.00 51907 K-5041 haphcv salsha Shah 12/01/2022 12/2022 Check P-8252 hcv 1,727.00 51908 K-5042 haphcv sieoak Sierra Pacific Properties 12/01/2022 12/2022 Check * hcv 6,267.00 51909 K-5043 haphcv t1000092 Royston 12/01/2022 12/2022 Check P-9100 hcv 91.00 51910 K-5044 haphcv t1000347 Lea III 12/01/2022 12/2022 Check P-8910 hcv 211.00 51911 K-5045 haphcv t1000420 Best 12/01/2022 12/2022 Check P-9330 hcv 18.00 51912 K-5046 haphcv t1000606 Parrish 12/01/2022 12/2022 Check P-8928 hcv 150.00 51913 K-5047 haphcv t1000652 Rubio 12/01/2022 12/2022 Check P-9280 hcv 24.00 51914 K-5048 haphcv t1000912 Gay 12/01/2022 12/2022 Check P-8786 hcv 72.00 51915 K-5049 haphcv t1001148 Camp 12/01/2022 12/2022 Check P-8515 hcv 271.00 51916 K-5050 haphcv t1001330 Davis 12/01/2022 12/2022 Check P-8700 hcv 36.00 51917 K-5051 haphcv t1001374 Carlos 12/01/2022 12/2022 Check P-8565 hcv 204.00 51918 K-5052 haphcv t1001728 Edwards 12/01/2022 12/2022 Check P-9127 hcv 132.00 51919 K-5053 haphcv t1001761 Washington 12/01/2022 12/2022 Check P-9303 hcv 101.00 51920 K-5054 haphcv t1002151 Thompson 12/01/2022 12/2022 Check P-8475 hcv 85.00 51921 K-5055 haphcv t1002229 Spears 12/01/2022 12/2022 Check P-8228 hcv 135.00 51922 K-5056 haphcv t1002257 Jackson 12/01/2022 12/2022 Check P-9235 hcv 253.00 51923 K-5057 haphcv t1002530 Lascano 12/01/2022 12/2022 Check P-8620 hcv 38.00 51924 K-5058 haphcv t1002622 Whaley 12/01/2022 12/2022 Check P-9056 hcv 4.00 51925 K-5059 haphcv t1002638 Davis 12/01/2022 12/2022 Check P-8906 hcv 14.00 Payment Register Page 1
.all
Period: From 12/2022 to 12/2022
Wednesday, January 11, 2023
11:52 AM48
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method
Payable Property Amount Interfund Notes
Control Control#
51926 K-5060 haphcv t1002835 Gasca 12/01/2022 12/2022 Check P-8422 hcv 11.00 51927 K-5061 haphcv t1002909 Thomas 12/01/2022 12/2022 Check P-8964 hcv 14.00 51928 K-5062 haphcv t1003246 Killion 12/01/2022 12/2022 Check P-8779 hcv 4.00 51929 K-5063 haphcv t1003247 Rothschild 12/01/2022 12/2022 Check P-8859 hcv 169.00 51930 K-5064 haphcv t1003293 Berry 12/01/2022 12/2022 Check P-9062 hcv 36.00 51931 K-5065 haphcv t1003949 Nichols 12/01/2022 12/2022 Check P-8887 hcv-pbv1 20.00 51932 K-5066 haphcv t1004020 Rollins 12/01/2022 12/2022 Check P-8896 hcv 26.00 51933 K-5067 haphcv t1004056 Houston 12/01/2022 12/2022 Check P-9247 hcv 36.00 51934 K-5068 haphcv t1004220 Harrison 12/01/2022 12/2022 Check P-8540 hcv 47.00 51935 K-5069 haphcv t1004318 Edmond 12/01/2022 12/2022 Check P-9227 hcv 64.00 51936 K-5070 haphcv t1004587 Warren 12/01/2022 12/2022 Check P-8192 hcv 79.00 51937 K-5071 haphcv t1004601 Bronson 12/01/2022 12/2022 Check P-8759 hcv 33.00 51938 K-5072 haphcv t1004657 Sanders 12/01/2022 12/2022 Check P-8942 hcv 124.00 51939 K-5073 haphcv t1004810 Benson 12/01/2022 12/2022 Check P-8568 hcv 211.00 51940 K-5074 haphcv t1004983 Jackson 12/01/2022 12/2022 Check P-8373 hcv 109.00 51941 K-5075 haphcv t1005006 Williams 12/01/2022 12/2022 Check P-8195 hcv 17.00 51942 K-5076 haphcv t1005040 Blanks 12/01/2022 12/2022 Check P-9269 hcv 31.00 51943 K-5077 haphcv t1005081 Harris 12/01/2022 12/2022 Check P-8742 hcv 19.00 51944 K-5078 haphcv t1005124 Hanif 12/01/2022 12/2022 Check P-8197 hcv 76.00 51945 K-5079 haphcv t1005128 Burrus 12/01/2022 12/2022 Check P-8984 hcv 103.00 51946 K-5080 haphcv t1005141 Barr 12/01/2022 12/2022 Check P-8347 hcv-vash 5.00 51947 K-5081 haphcv t1005201 Irvin 12/01/2022 12/2022 Check P-9340 hcv 36.00 51948 K-5082 haphcv t1005260 Williams 12/01/2022 12/2022 Check P-8443 hcv 143.00 51949 K-5083 haphcv t1005268 Lee 12/01/2022 12/2022 Check P-8534 hcv 54.00 51950 K-5084 haphcv t1005269 Nawabi 12/01/2022 12/2022 Check P-9259 hcv 19.00 51951 K-5085 haphcv t1005293 Miller 12/01/2022 12/2022 Check P-8529 hcv 25.00 51952 K-5086 haphcv t1005312 Dones 12/01/2022 12/2022 Check P-9170 hcv 67.00 51953 K-5087 haphcv t1005322 Madison 12/01/2022 12/2022 Check P-8865 hcv 163.00 51954 K-5088 haphcv t1005332 Hearne 12/01/2022 12/2022 Check P-9181 hcv 27.00 51955 K-5089 haphcv t1005360 Ghani 12/01/2022 12/2022 Check P-8243 hcv 119.00 51956 K-5090 haphcv t1005376 Thompson 12/01/2022 12/2022 Check P-8968 hcv 36.00 51957 K-5091 haphcv t1005382 Jackson 12/01/2022 12/2022 Check P-8180 hcv 232.00 51958 K-5092 haphcv t1005434 Eddins 12/01/2022 12/2022 Check P-8402 hcv 3.00 51959 K-5093 haphcv t1005437 Lewis 12/01/2022 12/2022 Check P-9035 hcv 165.00 51960 K-5094 haphcv t1005470 Washington 12/01/2022 12/2022 Check P-8847 hcv 92.00 51961 K-5095 haphcv t1005471 Lewis 12/01/2022 12/2022 Check P-8598 hcv 48.00 51962 K-5096 haphcv t1005475 Mangum 12/01/2022 12/2022 Check P-9277 hcv 70.00 51963 K-5097 haphcv t1005479 Butler 12/01/2022 12/2022 Check P-9211 hcv 119.00 51964 K-5098 haphcv t1005510 Coleman 12/01/2022 12/2022 Check P-8427 hcv 78.00 51965 K-5099 haphcv t1005563 Carter 12/01/2022 12/2022 Check P-8973 hcv 6.00 Payment Register Page 2
.all
Period: From 12/2022 to 12/2022
Wednesday, January 11, 2023
11:52 AM49
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method
Payable Property Amount Interfund Notes
Control Control#
51966 K-5100 haphcv t1005568 Ferguson 12/01/2022 12/2022 Check P-8339 hcv-vash 18.00 51967 K-5101 haphcv t1005573 Johnson 12/01/2022 12/2022 Check P-8366 hcv 98.00 51968 K-5102 haphcv t1005605 Phifer Jr. 12/01/2022 12/2022 Check P-9146 hcv-vash 22.00 51969 K-5103 haphcv t1005619 Evans 12/01/2022 12/2022 Check P-9231 hcv 29.00 51970 K-5104 haphcv t1005732 Millanfriel 12/01/2022 12/2022 Check P-8777 hcv-pbv1 9.00 51971 K-5105 haphcv t1005736 Lewis 12/01/2022 12/2022 Check P-8888 hcv-pbv1 23.00 51972 K-5106 haphcv t1005785 Behn 12/01/2022 12/2022 Check P-8894 hcv-pbv1 23.00 51973 K-5107 haphcv TAMALB Tam 12/01/2022 12/2022 Check P-8607 hcv 1,352.00 51974 K-5108 haphcv v0000022 Harris County Housing Authority 12/01/2022 12/2022 Check * hcv 766.87 51975 K-5109 haphcv v0000025 Suisun City Housing Authority 12/01/2022 12/2022 Check * hcv-vash 1,634.33 51976 K-5110 haphcv vilsan San Marcos Villas 12/01/2022 12/2022 Check P-8474 hcv 1,520.00 51977 K-5111 haphcv WESUPP Western Upper Haight Street
Apartments, LLC
12/01/2022 12/2022 Check P-8868 hcv 1,743.00
51978 K-5112 haphcv YINYEU Yeung 12/01/2022 12/2022 Check P-8935 hcv 1,574.00 2791 K-5113 haphcv 9thst 9th Street Associates, LP 12/01/2022 12/2022 EFT * hcv 4,287.00 2792 K-5114 haphcv ABDMEE Abdiani 12/01/2022 12/2022 EFT P-9353 hcv 848.00 2793 K-5115 haphcv abjent ABJ Enterprises, Inc. dba Blue Line Property Mgmt
12/01/2022 12/2022 EFT * hcv 18,048.00
2794 K-5116 haphcv ADDLEO Addison 12/01/2022 12/2022 EFT P-8982 hcv 1,347.00 2795 K-5117 haphcv AGRAMI Agrawal 12/01/2022 12/2022 EFT P-9096 hcv 1,461.00 2796 K-5118 haphcv AGUROS Aguilar 12/01/2022 12/2022 EFT P-9279 hcv 1,250.00 2797 K-5119 haphcv AGUROSA Aguirre 12/01/2022 12/2022 EFT P-8232 hcv 2,021.00 2798 K-5120 haphcv ALEDEM Demetrius Alexander 12/01/2022 12/2022 EFT P-9019 hcv 1,648.00 2799 K-5121 haphcv ALVDAL Dale Alvarez 12/01/2022 12/2022 EFT P-8927 hcv 1,675.00 2800 K-5122 haphcv AMAFEL Amarante 12/01/2022 12/2022 EFT P-9258 hcv-vash 1,500.00 2801 K-5123 haphcv andcec Cecilia Anderson 12/01/2022 12/2022 EFT P-8897 hcv 2,552.00 2802 K-5124 haphcv ANDSHA Shawn Anderson 12/01/2022 12/2022 EFT P-8960 hcv 1,160.00 2803 K-5125 haphcv ANIEBA Ebadi 12/01/2022 12/2022 EFT P-8298 hcv 2,510.00 2804 K-5126 haphcv aptsto Stoneman Apartments 12/01/2022 12/2022 EFT * hcv 35,696.00 2805 K-5127 haphcv AREMAR Bailey 12/01/2022 12/2022 EFT P-8289 hcv 2,001.00 2806 K-5128 haphcv bahshr Ba-Harani 12/01/2022 12/2022 EFT P-8477 hcv 2,153.00 2807 K-5129 haphcv BANJA Mel L. Banagan 12/01/2022 12/2022 EFT P-8382 hcv 1,950.00 2808 K-5130 haphcv BARCAR Carlos G. Barraza 12/01/2022 12/2022 EFT P-8317 hcv 804.00 2809 K-5131 haphcv BARKEN Bartlett 12/01/2022 12/2022 EFT * * 3,152.00 2810 K-5132 haphcv barsco Barbour 12/01/2022 12/2022 EFT P-9230 hcv 2,554.00 2811 K-5133 haphcv baujoh John Charles Bautista 12/01/2022 12/2022 EFT P-9097 hcv 1,965.00 2812 K-5134 haphcv bayman Baywood Property Management, Inc. 12/01/2022 12/2022 EFT P-8212 hcv 1,792.00 2813 K-5135 haphcv BECCHR Becerra 12/01/2022 12/2022 EFT P-8306 hcv 1,158.00 2814 K-5136 haphcv BEEHOL Hawkins 12/01/2022 12/2022 EFT * hcv 5,123.00 2815 K-5137 haphcv bellcha Charles Bell and Camino Johnson-Bell 12/01/2022 12/2022 EFT P-8749 hcv 2,454.00 Payment Register Page 3
.all
Period: From 12/2022 to 12/2022
Wednesday, January 11, 2023
11:52 AM50
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method
Payable Property Amount Interfund Notes
Control Control#
2816 K-5138 haphcv belmont Belmont Apartments 12/01/2022 12/2022 EFT * hcv 71,241.00 2817 K-5139 haphcv benale Benjamen 12/01/2022 12/2022 EFT P-8307 hcv 764.00 2818 K-5140 haphcv BERTEN Berry Jr 12/01/2022 12/2022 EFT * hcv 4,247.00 2819 K-5141 haphcv bethel Bethel Global Development LLC 12/01/2022 12/2022 EFT * hcv 2,611.00 2820 K-5142 haphcv bhagin Bhatia 12/01/2022 12/2022 EFT P-8986 hcv 2,784.00 2821 K-5143 haphcv bhajim Bhatia 12/01/2022 12/2022 EFT * * 2,853.00 2822 K-5144 haphcv bhasom Som N Bhatia 12/01/2022 12/2022 EFT * * 6,167.00 2823 K-5145 haphcv BHASWA Pinakin Bhatt 12/01/2022 12/2022 EFT P-8630 hcv 2,465.00 2824 K-5146 haphcv BICJOS Bachir 12/01/2022 12/2022 EFT P-9345 hcv 1,950.00 2825 K-5147 haphcv BLADIA Black Diamond Management 12/01/2022 12/2022 EFT P-8819 hcv-vash 1,600.00 2826 K-5148 haphcv booste Booras 12/01/2022 12/2022 EFT P-9044 hcv 2,875.00 2827 K-5149 haphcv bor201 2018-2 IH Borrower LP 12/01/2022 12/2022 EFT P-9273 hcv 2,122.00 2828 K-5150 haphcv boyros Boyd 12/01/2022 12/2022 EFT P-8828 hcv 2,752.00 2829 K-5151 haphcv BOYVIC Boyko 12/01/2022 12/2022 EFT P-8788 hcv 2,044.00 2830 K-5152 haphcv brakel Kelly Ann Bradford 12/01/2022 12/2022 EFT P-8224 hcv 1,356.00 2831 K-5153 haphcv BRIMAR Briggs 12/01/2022 12/2022 EFT P-8365 hcv 3,600.00 2832 K-5154 haphcv BROJAN Brown 12/01/2022 12/2022 EFT P-8497 hcv-home 477.00 2833 K-5155 haphcv brojess Platt 12/01/2022 12/2022 EFT P-8933 hcv 1,647.00 2834 K-5156 haphcv BSAPPH Blue Sapphire Homes, Inc. 12/01/2022 12/2022 EFT P-8771 hcv 2,541.00 2835 K-5157 haphcv buihuo Huong T. Bui 12/01/2022 12/2022 EFT * hcv 4,335.00 2836 K-5158 haphcv burjoe Joe Burns 12/01/2022 12/2022 EFT P-9118 hcv-vash 1,010.00 2837 K-5159 haphcv CANMOM Cannon 12/01/2022 12/2022 EFT P-8597 hcv 3,283.00 2838 K-5160 haphcv CARCLA Clara Beatriz Cardenas 12/01/2022 12/2022 EFT * * 2,932.00 2839 K-5161 haphcv CARDON Carson 12/01/2022 12/2022 EFT P-8280 hcv 2,025.00 2840 K-5162 haphcv CARLLC Carpino, LLC 12/01/2022 12/2022 EFT P-8504 hcv 1,906.00 2841 K-5163 haphcv CASTLE Castle Creek Company, Inc. 12/01/2022 12/2022 EFT P-8974 hcv 1,596.00 2842 K-5164 haphcv CHACHR Chambers 12/01/2022 12/2022 EFT P-8972 hcv 2,150.00 2843 K-5165 haphcv CHACOR Cora Ann Chambers 12/01/2022 12/2022 EFT P-8363 hcv 631.00 2844 K-5166 haphcv chap.m P. M. Chaobal 12/01/2022 12/2022 EFT P-8762 hcv 2,190.00 2845 K-5167 haphcv CHECHA Chen 12/01/2022 12/2022 EFT P-8182 hcv 2,190.00 2846 K-5168 haphcv chehon Chen 12/01/2022 12/2022 EFT * hcv 4,936.00 2847 K-5169 haphcv chejie Jienlin Chen 12/01/2022 12/2022 EFT * hcv 4,117.00 2848 K-5170 haphcv CHIHWA Hwa-Yoong Chiu 12/01/2022 12/2022 EFT P-9175 hcv 2,380.00 2849 K-5171 haphcv choada Ada Choi 12/01/2022 12/2022 EFT P-9169 hcv 2,750.00 2850 K-5172 haphcv chochu Choi 12/01/2022 12/2022 EFT * hcv 4,021.00 2851 K-5173 haphcv chomic Choi 12/01/2022 12/2022 EFT P-9276 hcv 2,500.00 2852 K-5174 haphcv CITHOU Pittsburg Housing Authority 12/01/2022 12/2022 EFT * hcv 5,942.00 2853 K-5175 haphcv CLAJUA Juan F. Clara 12/01/2022 12/2022 EFT P-8364 hcv 820.00 2854 K-5176 haphcv CORADO Cortesi III 12/01/2022 12/2022 EFT P-9347 hcv 1,920.00 2855 K-5177 haphcv cordav Cortesi 12/01/2022 12/2022 EFT P-9223 hcv 1,583.00 Payment Register Page 4
.all
Period: From 12/2022 to 12/2022
Wednesday, January 11, 2023
11:52 AM51
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method
Payable Property Amount Interfund Notes
Control Control#
2856 K-5178 haphcv creeks Creekside Apt Investors LLC DBA Creekside Village
12/01/2022 12/2022 EFT * * 87,070.00
2857 K-5179 haphcv CREJEA Jeannette D. Crespo 12/01/2022 12/2022 EFT P-8694 hcv 2,499.00 2858 K-5180 haphcv crospat Patricia Crosby 12/01/2022 12/2022 EFT P-9248 hcv 1,950.00 2859 K-5181 haphcv daijus Dailey 12/01/2022 12/2022 EFT P-8930 hcv 1,556.00 2860 K-5182 haphcv DAMTO Dam Quang To 12/01/2022 12/2022 EFT P-8345 hcv 2,704.00 2861 K-5183 haphcv DAVAUD Audrey Davis 12/01/2022 12/2022 EFT P-8517 hcv 1,514.00 2862 K-5184 haphcv DAVKES Davis 12/01/2022 12/2022 EFT P-9164 hcv 973.00 2863 K-5185 haphcv DAVKEV Kevin Davidson 12/01/2022 12/2022 EFT P-8854 hcv 1,629.00 2864 K-5186 haphcv davpau Paulette Davis 12/01/2022 12/2022 EFT P-8669 hcv 1,831.00 2865 K-5187 haphcv DAYJAG Jagdeep or Shashi Dayal 12/01/2022 12/2022 EFT P-9210 hcv 2,894.00 2866 K-5188 haphcv DEAWAY Dea 12/01/2022 12/2022 EFT P-8722 hcv 2,502.00 2867 K-5189 haphcv DELCHA Charles Dellamore 12/01/2022 12/2022 EFT P-9293 hcv 1,666.00 2868 K-5190 haphcv DELLAT David De La Torre 12/01/2022 12/2022 EFT P-9122 hcv 1,969.00 2869 K-5191 haphcv doabri Doan 12/01/2022 12/2022 EFT * hcv 6,082.00 2870 K-5192 haphcv doanna Do 12/01/2022 12/2022 EFT * hcv 5,063.00 2871 K-5193 haphcv Dunest Dunlap 12/01/2022 12/2022 EFT P-8479 hcv 1,528.00 2872 K-5194 haphcv duntyr Duncan 12/01/2022 12/2022 EFT P-9105 hcv-home 1,417.00 2873 K-5195 haphcv DUOLIN Linda Duong 12/01/2022 12/2022 EFT P-8464 hcv 1,333.00 2874 K-5196 haphcv eastle Mercy Housing California XXXVIII 12/01/2022 12/2022 EFT * * 4,877.00 2875 K-5197 haphcv ENGLED Doris Engle Family Ltd Partnership 12/01/2022 12/2022 EFT P-9344 hcv 1,337.00 2876 K-5198 haphcv espalm Alma B Espiritu 12/01/2022 12/2022 EFT P-8652 hcv 1,991.00 2877 K-5199 haphcv ESPJOH Espinoza 12/01/2022 12/2022 EFT P-9267 hcv 1,540.00 2878 K-5200 haphcv ESQGER Gerardo M. Esquivel 12/01/2022 12/2022 EFT P-8732 hcv 1,570.00 2879 K-5201 haphcv fanjia Jianxin Fang 12/01/2022 12/2022 EFT * hcv 5,300.00 2880 K-5202 haphcv fanxia Li 12/01/2022 12/2022 EFT P-8274 hcv 2,794.00 2881 K-5203 haphcv fenjin Mao 12/01/2022 12/2022 EFT P-8768 hcv 3,110.00 2882 K-5204 haphcv FIEBAR Barbara J. Fierner 12/01/2022 12/2022 EFT P-9099 hcv 1,875.00 2883 K-5205 haphcv FIEJOS Joseph Field 12/01/2022 12/2022 EFT * hcv 749.00 2884 K-5206 haphcv FIGHER Figueroa 12/01/2022 12/2022 EFT P-9283 hcv 1,589.00 2885 K-5207 haphcv fletoc Brewster Fleeton 12/01/2022 12/2022 EFT P-8980 hcv 1,404.00 2886 K-5208 haphcv FLOALE Alexander Flowers 12/01/2022 12/2022 EFT P-9327 hcv 1,395.00 2887 K-5209 haphcv foxcre Fox Creek Apartments 12/01/2022 12/2022 EFT * * 28,728.00 2888 K-5210 haphcv framo Monica Fraga 12/01/2022 12/2022 EFT P-8234 hcv 1,866.00 2889 K-5211 haphcv FRAREJ Frazier 12/01/2022 12/2022 EFT * hcv 1,128.00 2890 K-5212 haphcv FRRINV FRR Investments LLC 12/01/2022 12/2022 EFT P-8778 hcv 2,760.00 2891 K-5213 haphcv FULDAR Fuller 12/01/2022 12/2022 EFT P-8187 hcv 2,101.00 2892 K-5214 haphcv fulfan Fan Fuller 12/01/2022 12/2022 EFT P-9147 hcv-vash 1,526.00 2893 K-5215 haphcv GAIGIA Gaines 12/01/2022 12/2022 EFT P-8941 hcv 2,050.00 2894 K-5216 haphcv gaokel Gao 12/01/2022 12/2022 EFT P-8748 hcv 2,842.00 Payment Register Page 5
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Period: From 12/2022 to 12/2022
Wednesday, January 11, 2023
11:52 AM52
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method
Payable Property Amount Interfund Notes
Control Control#
2895 K-5217 haphcv GARADR Adraine Gardner 12/01/2022 12/2022 EFT P-8441 hcv 1,096.00 2896 K-5218 haphcv GARANT Antoinette L Garcia 12/01/2022 12/2022 EFT P-8254 hcv 1,167.00 2897 K-5219 haphcv gardav David Gardner 12/01/2022 12/2022 EFT * hcv 3,184.00 2898 K-5220 haphcv garrup Rupesh Garg 12/01/2022 12/2022 EFT P-9198 hcv 2,740.00 2899 K-5221 haphcv GARWIL William H. Gardiner 12/01/2022 12/2022 EFT P-9051 hcv 1,258.00 2900 K-5222 haphcv gateway Gateway Apartments 12/01/2022 12/2022 EFT * * 9,962.00 2901 K-5223 haphcv GHAPAR Ghaboulidashti 12/01/2022 12/2022 EFT P-9237 hcv-home 1,094.00 2902 K-5224 haphcv GHOVER Vernon or Eva Gholson 12/01/2022 12/2022 EFT * hcv 2,611.00 2903 K-5225 haphcv GILJAC Jacqueline Gill 12/01/2022 12/2022 EFT P-9168 hcv 1,534.00 2904 K-5226 haphcv GILSUK Gill 12/01/2022 12/2022 EFT P-8368 hcv 1,529.00 2905 K-5227 haphcv GOLDAS Gold A and S LLC 12/01/2022 12/2022 EFT P-8653 hcv 2,176.00 2906 K-5228 haphcv GOMHAD Gomez 12/01/2022 12/2022 EFT P-8814 hcv-home 656.00 2907 K-5229 haphcv GONJES Jesse Gonzaga 12/01/2022 12/2022 EFT * hcv 2,344.00 2908 K-5230 haphcv GONMAR Gonsalves 12/01/2022 12/2022 EFT P-9014 hcv 2,608.00 2909 K-5231 haphcv gontin Gong 12/01/2022 12/2022 EFT P-8681 hcv 2,139.00 2910 K-5232 haphcv GREFRA Greene 12/01/2022 12/2022 EFT P-8456 hcv 2,091.00 2911 K-5233 haphcv GREROD Green 12/01/2022 12/2022 EFT P-9245 hcv-home 962.00 2912 K-5234 haphcv GRIPAT Patricia Gridley 12/01/2022 12/2022 EFT P-9291 hcv 975.00 2913 K-5235 haphcv GROITA Italo Grossi 12/01/2022 12/2022 EFT P-8321 hcv 1,588.00 2914 K-5236 haphcv GUAKRY Guan 12/01/2022 12/2022 EFT * hcv 4,503.00 2915 K-5237 haphcv GUNBOB Hang 12/01/2022 12/2022 EFT P-8713 hcv 1,267.00 2916 K-5238 haphcv gupabe Abhilash Gupta 12/01/2022 12/2022 EFT * * 5,237.00 2917 K-5239 haphcv H01WAT Watson, Sr. 12/01/2022 12/2022 EFT P-8435 hcv-home 921.00 2918 K-5240 haphcv hafash Asharfun Nisha Hafiz 12/01/2022 12/2022 EFT P-9351 hcv 1,667.00 2919 K-5241 haphcv hagjef Jeffrey Paul Hagler 12/01/2022 12/2022 EFT * hcv 5,157.00 2920 K-5242 haphcv HALDEL Hall 12/01/2022 12/2022 EFT P-9301 hcv 1,780.00 2921 K-5243 haphcv HARCLA Hardison 12/01/2022 12/2022 EFT P-8525 hcv 950.00 2922 K-5244 haphcv HARDAV Hart 12/01/2022 12/2022 EFT P-8241 hcv 1,938.00 2923 K-5245 haphcv HARLAW Harrold 12/01/2022 12/2022 EFT * hcv 7,273.00 2924 K-5246 haphcv HARPRO Hartz Property Management 12/01/2022 12/2022 EFT * hcv 1,494.00 2925 K-5247 haphcv hawdel Delta Hawaii Garden Apartments LLC 12/01/2022 12/2022 EFT * hcv 9,009.00 2926 K-5248 haphcv hechuan He 12/01/2022 12/2022 EFT P-8216 hcv 1,917.00 2927 K-5249 haphcv hejiyu He 12/01/2022 12/2022 EFT P-8430 hcv 2,818.00 2928 K-5250 haphcv hendav David T. Hennigan 12/01/2022 12/2022 EFT * * 17,041.00 2929 K-5251 haphcv hensil Henderson 12/01/2022 12/2022 EFT P-8784 hcv 1,359.00 2930 K-5252 haphcv HERELI Herrera 12/01/2022 12/2022 EFT P-8863 hcv 650.00 2931 K-5253 haphcv HILMAR Hill 12/01/2022 12/2022 EFT P-9306 hcv 278.00 2932 K-5254 haphcv HIRCHA Hira 12/01/2022 12/2022 EFT P-9220 hcv 1,828.00 2933 K-5255 haphcv HOACAR Carl E. Hoard II 12/01/2022 12/2022 EFT P-8185 hcv 2,681.00 2934 K-5256 haphcv HOAHAV Hoag 12/01/2022 12/2022 EFT P-8198 hcv 2,560.00 Payment Register Page 6
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Period: From 12/2022 to 12/2022
Wednesday, January 11, 2023
11:52 AM53
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method
Payable Property Amount Interfund Notes
Control Control#
2935 K-5257 haphcv HOALBE Albert Ho 12/01/2022 12/2022 EFT P-8299 hcv 1,740.00 2936 K-5258 haphcv HOFJOY Hoffman 12/01/2022 12/2022 EFT P-9133 hcv 1,284.00 2937 K-5259 haphcv HOLRON Ronald G. Holmes 12/01/2022 12/2022 EFT P-8217 hcv 1,022.00 2938 K-5260 haphcv holsrh SRH Holdings LLC 12/01/2022 12/2022 EFT P-9243 hcv 3,342.00 2939 K-5261 haphcv hominv Invitation Homes 12/01/2022 12/2022 EFT P-8472 hcv 2,852.00 2940 K-5262 haphcv HOTONY Tony Ho 12/01/2022 12/2022 EFT P-8881 hcv 1,142.00 2941 K-5263 haphcv HUACHE Huang 12/01/2022 12/2022 EFT P-9312 hcv 1,292.00 2942 K-5264 haphcv huafan Fanny Kao Huang 12/01/2022 12/2022 EFT P-8304 hcv 1,633.00 2943 K-5265 haphcv huatao Huang 12/01/2022 12/2022 EFT * hcv 8,488.00 2944 K-5266 haphcv HUAXIA Huang 12/01/2022 12/2022 EFT P-8721 hcv 2,575.00 2945 K-5267 haphcv HUNANC Nancy Xiu Zhen Hu 12/01/2022 12/2022 EFT P-8773 hcv 2,016.00 2946 K-5268 haphcv huythi Huynh 12/01/2022 12/2022 EFT P-8983 hcv 2,400.00 2947 K-5269 haphcv IGREEN IGreen House Inc. Jane S Schmidt 12/01/2022 12/2022 EFT P-8186 hcv 603.00 2948 K-5270 haphcv ihprw IH5 Property West LP 12/01/2022 12/2022 EFT P-8257 hcv 3,194.00 2949 K-5271 haphcv INVKEY Keyee Investment LLC 12/01/2022 12/2022 EFT P-9054 hcv 1,233.00 2950 K-5272 haphcv IRVLAS Irving 12/01/2022 12/2022 EFT P-8649 hcv 1,771.00 2951 K-5273 haphcv isomic Michael or Kay Isola 12/01/2022 12/2022 EFT * hcv 2,374.00 2952 K-5274 haphcv JABLOV Love 12/01/2022 12/2022 EFT P-8507 hcv 1,891.00 2953 K-5275 haphcv JACBRA Jackson 12/01/2022 12/2022 EFT P-9009 hcv 2,149.00 2954 K-5276 haphcv JAIDEE Jain 12/01/2022 12/2022 EFT * hcv 11,469.00 2955 K-5277 haphcv JAISAM Jain 12/01/2022 12/2022 EFT * hcv 9,476.00 2956 K-5278 haphcv jaivis Jain 12/01/2022 12/2022 EFT P-8830 hcv 933.00 2957 K-5279 haphcv jasnle Le 12/01/2022 12/2022 EFT P-8236 hcv 2,770.00 2958 K-5280 haphcv JIAZHA Zhang 12/01/2022 12/2022 EFT P-8724 hcv 1,528.00 2959 K-5281 haphcv JOHKRY Johnson 12/01/2022 12/2022 EFT P-8978 hcv 1,937.00 2960 K-5282 haphcv JOHRON Johnson 12/01/2022 12/2022 EFT P-9251 hcv 1,501.00 2961 K-5283 haphcv JONSHA Jones 12/01/2022 12/2022 EFT P-8726 hcv 2,667.00 2962 K-5284 haphcv JOUMOS Jouya 12/01/2022 12/2022 EFT P-9038 hcv 1,664.00 2963 K-5285 haphcv junhou Hou 12/01/2022 12/2022 EFT P-8647 hcv 2,401.00 2964 K-5286 haphcv KALOMP Kalra 12/01/2022 12/2022 EFT P-9274 hcv 3,698.00 2965 K-5287 haphcv kanwei Kang 12/01/2022 12/2022 EFT * hcv 5,011.00 2966 K-5288 haphcv KCPLLC KC Prime LLC 12/01/2022 12/2022 EFT P-8171 hcv 1,535.00 2967 K-5289 haphcv kemgro K. E. M. Group LLC 12/01/2022 12/2022 EFT P-8454 hcv 2,456.00 2968 K-5290 haphcv KESANT Anthony Keslinke 12/01/2022 12/2022 EFT * hcv 3,305.00 2969 K-5291 haphcv KEVMOF Moffett 12/01/2022 12/2022 EFT P-8958 hcv 2,192.00 2970 K-5292 haphcv KHAFAR Khan 12/01/2022 12/2022 EFT P-8302 hcv 1,405.00 2971 K-5293 haphcv kirkkw KW Kirker Creek, LLC 12/01/2022 12/2022 EFT * hcv 3,069.00 2972 K-5294 haphcv KITJOH Kitta 12/01/2022 12/2022 EFT P-9295 hcv 2,760.00 2973 K-5295 haphcv KUAQIY Kuang 12/01/2022 12/2022 EFT * hcv 6,527.00 2974 K-5296 haphcv kuasim Kuang 12/01/2022 12/2022 EFT P-8862 hcv 1,161.00 Payment Register Page 7
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Period: From 12/2022 to 12/2022
Wednesday, January 11, 2023
11:52 AM54
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method
Payable Property Amount Interfund Notes
Control Control#
2975 K-5297 haphcv KUJZDI Zdzislaw Kujawa 12/01/2022 12/2022 EFT P-9242 hcv 1,311.00 2976 K-5298 haphcv kwadan Daniel Kwan 12/01/2022 12/2022 EFT P-8758 hcv 1,925.00 2977 K-5299 haphcv LAFTHO LaFleur 12/01/2022 12/2022 EFT P-9165 hcv 1,594.00 2978 K-5300 haphcv LAMCHO Lam 12/01/2022 12/2022 EFT P-8399 hcv 1,184.00 2979 K-5301 haphcv LAMSHI Manly-Lampkin 12/01/2022 12/2022 EFT P-9348 hcv 1,043.00 2980 K-5302 haphcv LARPET Peter C. Larsen 12/01/2022 12/2022 EFT P-9166 hcv 1,522.00 2981 K-5303 haphcv LASKEV Lassair 12/01/2022 12/2022 EFT P-9297 hcv-home 405.00 2982 K-5304 haphcv LATLLC Latif, LLC 12/01/2022 12/2022 EFT * hcv 4,633.00 2983 K-5305 haphcv lcstar LCSTAR, LLC 12/01/2022 12/2022 EFT * hcv 3,471.00 2984 K-5306 haphcv ledaot Le 12/01/2022 12/2022 EFT P-8920 hcv 1,134.00 2985 K-5307 haphcv LEEJAC Jack Wai Lee 12/01/2022 12/2022 EFT P-9308 hcv 1,355.00 2986 K-5308 haphcv leesiu Siu Wan Windytiti Lee 12/01/2022 12/2022 EFT P-9328 hcv 2,051.00 2987 K-5309 haphcv LEESTE Steven Lee 12/01/2022 12/2022 EFT P-8189 hcv 2,126.00 2988 K-5310 haphcv LEEYUH Yuhjen Juang Lee 12/01/2022 12/2022 EFT P-9092 hcv 1,932.00 2989 K-5311 haphcv LEHUYN Le 12/01/2022 12/2022 EFT P-8699 hcv 2,700.00 2990 K-5312 haphcv LELENA Le 12/01/2022 12/2022 EFT P-8480 hcv 745.00 2991 K-5313 haphcv LERJOS Joseph C. Lerma 12/01/2022 12/2022 EFT P-8625 hcv 265.00 2992 K-5314 haphcv LERYIP Yiping I. and Frederic Leroudier 12/01/2022 12/2022 EFT P-8340 hcv-vash 2,479.00 2993 K-5315 haphcv leujoh John M. Leung 12/01/2022 12/2022 EFT * hcv 4,306.00 2994 K-5316 haphcv LEUMAY May Leung or Rodney Chen 12/01/2022 12/2022 EFT * hcv 3,573.00 2995 K-5317 haphcv leupet Peter Leung 12/01/2022 12/2022 EFT P-8226 hcv 2,346.00 2996 K-5318 haphcv lido James J. Busby & Irvin Deutcher/DBA Crestview Apts
12/01/2022 12/2022 EFT * hcv 10,849.00
2997 K-5319 haphcv LIFAQI Faqiang Li 12/01/2022 12/2022 EFT P-9106 hcv 2,321.00 2998 K-5320 haphcv LIJIE Li 12/01/2022 12/2022 EFT P-8413 hcv 2,095.00 2999 K-5321 haphcv LIJINH Jinhuan Li 12/01/2022 12/2022 EFT P-9085 hcv 1,515.00 3000 K-5322 haphcv lijosh Li 12/01/2022 12/2022 EFT P-8546 hcv 1,214.00 3001 K-5323 haphcv LINTIM Tim Lindstrom c/o AAA Property Management
12/01/2022 12/2022 EFT P-8728 hcv 1,122.00
3002 K-5324 haphcv LIVPAU Paul Livson 12/01/2022 12/2022 EFT P-8346 hcv-vash 1,775.00 3003 K-5325 haphcv LIWEIM Li 12/01/2022 12/2022 EFT P-8492 hcv 1,620.00 3004 K-5326 haphcv liying Ying Hong Li 12/01/2022 12/2022 EFT P-8548 hcv 414.00 3005 K-5327 haphcv LIZBEL Zhong Li 12/01/2022 12/2022 EFT P-9318 hcv 1,513.00 3006 K-5328 haphcv lonpau Paul Long 12/01/2022 12/2022 EFT P-9134 hcv 1,403.00 3007 K-5329 haphcv losmed Los Medanos Village Apartments 12/01/2022 12/2022 EFT * hcv 12,848.00 3008 K-5330 haphcv LOUTON Tony or Yvonne Louie 12/01/2022 12/2022 EFT P-9057 hcv 1,106.00 3009 K-5331 haphcv LOYANT Loyola 12/01/2022 12/2022 EFT P-8418 hcv 731.00 3010 K-5332 haphcv LOZJOS Jose Loza 12/01/2022 12/2022 EFT P-9337 hcv 983.00 3011 K-5333 haphcv luiand Lui 12/01/2022 12/2022 EFT * hcv 3,304.00 3012 K-5334 haphcv luiwei Wei Liu Guangxin Frank Liu 12/01/2022 12/2022 EFT P-8173 hcv 1,446.00 Payment Register Page 8
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Period: From 12/2022 to 12/2022
Wednesday, January 11, 2023
11:52 AM55
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method
Payable Property Amount Interfund Notes
Control Control#
72 K-5335 haphcv lumthe 34892 The Entrust Group Inc FBO T.Lum
12/01/2022 12/2022 EFT * hcv 0.00
3013 K-5336 haphcv LUXIANG Lu 12/01/2022 12/2022 EFT * * 8,360.00 3014 K-5337 haphcv lychiv Chi Vien Ly 12/01/2022 12/2022 EFT P-8823 hcv 1,679.00 3015 K-5338 haphcv macyol McDonald 12/01/2022 12/2022 EFT P-8370 hcv 1,818.00 3016 K-5339 haphcv MADRAK Madra 12/01/2022 12/2022 EFT P-8511 hcv 1,001.00 3017 K-5340 haphcv mahrad Radha Mahesram 12/01/2022 12/2022 EFT P-9323 hcv 3,010.00 3018 K-5341 haphcv MAHTAR Tariq 12/01/2022 12/2022 EFT P-8543 hcv 2,752.00 3019 K-5342 haphcv majenn Ma 12/01/2022 12/2022 EFT * hcv 6,623.00 3020 K-5343 haphcv malrah Malik 12/01/2022 12/2022 EFT P-8846 hcv 3,735.00 3021 K-5344 haphcv MANJEF Jeff Mann 12/01/2022 12/2022 EFT * hcv 6,267.00 3022 K-5345 haphcv MARGLE Glenn Marshall 12/01/2022 12/2022 EFT P-8564 hcv 2,500.00 3023 K-5346 haphcv MARTEA Martinez 12/01/2022 12/2022 EFT P-8433 hcv 2,634.00 3024 K-5347 haphcv MASDEM Mason 12/01/2022 12/2022 EFT P-8396 hcv-home 2,545.00 3025 K-5348 haphcv MATLUI Lui 12/01/2022 12/2022 EFT P-8874 hcv 1,617.00 3026 K-5349 haphcv MCCHEl McCarthy 12/01/2022 12/2022 EFT P-9343 hcv 1,943.00 3027 K-5350 haphcv MCLJAN McLean 12/01/2022 12/2022 EFT P-8403 hcv 493.00 3028 K-5351 haphcv MEADOW Meadow Glen Apartments 12/01/2022 12/2022 EFT P-9224 hcv 1,925.00 3029 K-5352 haphcv menjin Jinyu Meng 12/01/2022 12/2022 EFT P-9296 hcv 1,939.00 3030 K-5353 haphcv MENSAB Sabine Menzel 12/01/2022 12/2022 EFT * hcv 4,336.00 3031 K-5354 haphcv MERJOH Johnson 12/01/2022 12/2022 EFT P-8532 hcv-home 575.00 3032 K-5355 haphcv MEZHEC Hector Meza 12/01/2022 12/2022 EFT P-8744 hcv 656.00 3033 K-5356 haphcv MILAND Miloslavich 12/01/2022 12/2022 EFT P-9199 hcv 2,049.00 3034 K-5357 haphcv MILHOM Millennium Homes 12/01/2022 12/2022 EFT P-8287 hcv 2,187.00 3035 K-5358 haphcv MILMAR Maryann Miller 12/01/2022 12/2022 EFT P-8253 hcv 798.00 3036 K-5359 haphcv mircar Miranda 12/01/2022 12/2022 EFT P-8367 hcv-home 883.00 3037 K-5360 haphcv mirhas Hassan Mirabedi 12/01/2022 12/2022 EFT * hcv 9,006.00 3038 K-5361 haphcv MITGWE Gwendolyn Mitchell 12/01/2022 12/2022 EFT * hcv 3,548.00 3039 K-5362 haphcv momrae Raees 12/01/2022 12/2022 EFT P-8557 hcv 1,583.00 3040 K-5363 haphcv MONROD Rodney Montgomery 12/01/2022 12/2022 EFT P-8723 hcv 1,791.00 3041 K-5364 haphcv MORERI Morris 12/01/2022 12/2022 EFT P-8848 hcv 1,312.00 3042 K-5365 haphcv MORJOS Diane Morin 12/01/2022 12/2022 EFT P-8934 hcv 2,090.00 3043 K-5366 haphcv MYNDMG Brien Brothers, LLC C/O Mynd
Management, IC.
12/01/2022 12/2022 EFT P-8790 hcv 16.00
3044 K-5367 haphcv NABEHS Ehsan Nabkel 12/01/2022 12/2022 EFT P-8880 hcv 3,083.00 3045 K-5368 haphcv NARSHI Shinder Paul Narabut 12/01/2022 12/2022 EFT * hcv 5,214.00 3046 K-5369 haphcv ncasso NC Associates, Inc. 12/01/2022 12/2022 EFT * hcv 18,607.00 3047 K-5370 haphcv NELMIC c/o Jennifer Diaz 12/01/2022 12/2022 EFT P-9207 hcv 2,662.00 3048 K-5371 haphcv NESGUY Guy Nesbeth 12/01/2022 12/2022 EFT P-9332 hcv 1,760.00 3049 K-5372 haphcv NGDOMI Dominic Y Ng 12/01/2022 12/2022 EFT * hcv 369.00 Payment Register Page 9
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Period: From 12/2022 to 12/2022
Wednesday, January 11, 2023
11:52 AM56
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method
Payable Property Amount Interfund Notes
Control Control#
3050 K-5373 haphcv ngknow Ng 12/01/2022 12/2022 EFT P-8220 hcv 2,042.00 3051 K-5374 haphcv nguhieu Hieu Nguyen 12/01/2022 12/2022 EFT P-9063 hcv 1,643.00 3052 K-5375 haphcv NGUHUY Huy Quang Nguyen 12/01/2022 12/2022 EFT P-9130 hcv 2,103.00 3053 K-5376 haphcv NGUMAI Nguyen 12/01/2022 12/2022 EFT P-8465 hcv 1,950.00 3054 K-5377 haphcv nguquy Quyen Nguyen 12/01/2022 12/2022 EFT P-8619 hcv 1,900.00 3055 K-5378 haphcv NGUTIE Nguyen 12/01/2022 12/2022 EFT P-8425 hcv 296.00 3056 K-5379 haphcv NICNIC Nicholson 12/01/2022 12/2022 EFT P-8246 hcv 2,357.00 3057 K-5380 haphcv nierne Ernest Nichols III 12/01/2022 12/2022 EFT * hcv 3,243.00 3058 K-5381 haphcv nilpet Niloufari 12/01/2022 12/2022 EFT * hcv 4,687.00 3059 K-5382 haphcv norfin Northstar Financial Group, LLC 12/01/2022 12/2022 EFT * hcv-vash 1,737.00 3060 K-5383 haphcv NORKEV Kevin Nord 12/01/2022 12/2022 EFT P-9329 hcv 1,762.00 3061 K-5384 haphcv NORRIC Norte 12/01/2022 12/2022 EFT P-9317 hcv 2,553.00 3062 K-5385 haphcv norsta North State Financial, Inc. 12/01/2022 12/2022 EFT P-9334 hcv 810.00 3063 K-5386 haphcv nwmgmt New Way Management Services, Inc. 12/01/2022 12/2022 EFT * hcv 22,950.00 3064 K-5387 haphcv obrshe O'Brien 12/01/2022 12/2022 EFT P-9131 hcv 823.00 3065 K-5388 haphcv ODEJEN Odei 12/01/2022 12/2022 EFT P-8925 hcv 1,597.00 3066 K-5389 haphcv OEWDWI Owens 12/01/2022 12/2022 EFT P-8876 hcv-home 546.00 3067 K-5390 haphcv OLEDIA Oles 12/01/2022 12/2022 EFT P-8624 hcv 1,806.00 3068 K-5391 haphcv OMOESE Esosa A. Omokaro 12/01/2022 12/2022 EFT P-8965 hcv 1,791.00 3069 K-5392 haphcv ORTSAN Ortiz 12/01/2022 12/2022 EFT P-8410 hcv 1,893.00 3070 K-5393 haphcv ozemut Mutlu Ozer 12/01/2022 12/2022 EFT P-8523 hcv 1,602.00 3071 K-5394 haphcv pacliv Pacific Living, LLC 12/01/2022 12/2022 EFT P-9256 hcv 2,586.00 3072 K-5395 haphcv PATBOS Boss 12/01/2022 12/2022 EFT P-8637 hcv 2,668.00 3073 K-5396 haphcv PATHEM Hemangini & Vijendra Patel 12/01/2022 12/2022 EFT P-8460 hcv 2,609.00 3074 K-5397 haphcv PATKOK Kokila Patel 12/01/2022 12/2022 EFT P-8233 hcv 422.00 3075 K-5398 haphcv PATLLC Patiala, LLC 12/01/2022 12/2022 EFT * hcv 2,413.00 3076 K-5399 haphcv patvir Virendra M. Patel 12/01/2022 12/2022 EFT P-8951 hcv 2,225.00 3077 K-5400 haphcv paujas Jason Pauline 12/01/2022 12/2022 EFT P-9302 hcv 1,910.00 3078 K-5401 haphcv PEALOY Peacock 12/01/2022 12/2022 EFT P-8710 hcv 1,435.00 3079 K-5402 haphcv PEASCO Scott Pease 12/01/2022 12/2022 EFT P-8648 hcv 1,624.00 3080 K-5403 haphcv peralo Perez 12/01/2022 12/2022 EFT P-8706 hcv 1,448.00 3081 K-5404 haphcv PERECA Maria Del Carmen Perez 12/01/2022 12/2022 EFT P-9011 hcv 115.00 3082 K-5405 haphcv PERLOW Lowde Y. Perkins 12/01/2022 12/2022 EFT P-8856 hcv 863.00 3083 K-5406 haphcv phacon Pham 12/01/2022 12/2022 EFT P-9045 hcv 2,336.00 3084 K-5407 haphcv PHOMAY Pho 12/01/2022 12/2022 EFT P-9068 hcv 2,818.00 3085 K-5408 haphcv pitpar Pittsburg Park Apartments 12/01/2022 12/2022 EFT * hcv 2,932.00 3086 K-5409 haphcv Pittssk SK Pittsburg Bay Point 12/01/2022 12/2022 EFT P-8231 hcv 1,267.00 3087 K-5410 haphcv proih5 IH5 Property West LP 12/01/2022 12/2022 EFT P-8947 hcv 2,595.00 3088 K-5411 haphcv promar Marples Property Management 12/01/2022 12/2022 EFT P-8835 hcv 2,087.00 3089 K-5412 haphcv PROMEA A. Meadows Property Management 12/01/2022 12/2022 EFT * hcv 3,753.00 Payment Register Page 10
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Period: From 12/2022 to 12/2022
Wednesday, January 11, 2023
11:52 AM57
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method
Payable Property Amount Interfund Notes
Control Control#
3090 K-5413 haphcv propar Parks Property Management 12/01/2022 12/2022 EFT P-8419 hcv 1,706.00 3091 K-5414 haphcv prosto Stokley Properties LLC Harbor 12/01/2022 12/2022 EFT * hcv 2,659.00 3092 K-5415 haphcv qaqamj Amjad Qaqish 12/01/2022 12/2022 EFT P-8315 hcv 674.00 3093 K-5416 haphcv QUISAM Sam or Sonia Quinones 12/01/2022 12/2022 EFT P-9200 hcv 1,770.00 3094 K-5417 haphcv RADAMO Radford 12/01/2022 12/2022 EFT P-8498 hcv 1,801.00 3095 K-5418 haphcv RAJKUL Raju 12/01/2022 12/2022 EFT P-8218 hcv 1,703.00 3096 K-5419 haphcv RAJPAR Paramjit K. Raju 12/01/2022 12/2022 EFT * hcv 2,324.00 3097 K-5420 haphcv RAMENR Enrique Ramirez 12/01/2022 12/2022 EFT P-8556 hcv 590.00 3098 K-5421 haphcv RAMERI Erika Ramirez 12/01/2022 12/2022 EFT P-8509 hcv 1,773.00 3099 K-5422 haphcv RAMHOR Ramsey Horton 12/01/2022 12/2022 EFT P-8884 hcv-vash 1,321.00 3100 K-5423 haphcv RAMJAV Ramos Avila 12/01/2022 12/2022 EFT P-9061 hcv 1,996.00 3101 K-5424 haphcv RAMROH Ram-Cline 12/01/2022 12/2022 EFT P-8617 hcv 2,523.00 3102 K-5425 haphcv raudav David Raughton 12/01/2022 12/2022 EFT P-8707 hcv 1,932.00 3103 K-5426 haphcv rcprop RayCaro Inc. 12/01/2022 12/2022 EFT P-8825 hcv 2,232.00 3104 K-5427 haphcv reacro Croskey Real Estate, Inc. 12/01/2022 12/2022 EFT P-8737 hcv 2,125.00 3105 K-5428 haphcv realam Amerasia Real Estate Fund LLC 12/01/2022 12/2022 EFT * * 4,080.00 3106 K-5429 haphcv relwoo Reliant - Woods Grove, LP 12/01/2022 12/2022 EFT * * 18,355.00 3107 K-5430 haphcv remeri Eric Franklin Remson 12/01/2022 12/2022 EFT P-8870 hcv 633.00 3108 K-5431 haphcv rhport RH Portofino Owner CA LLC 12/01/2022 12/2022 EFT * hcv 13,397.00 3109 K-5432 haphcv rickam Kameryn Victoria Ray 12/01/2022 12/2022 EFT P-8994 hcv 1,868.00 3110 K-5433 haphcv risinv Rising Investments LLC 12/01/2022 12/2022 EFT * hcv 6,926.00 3111 K-5434 haphcv RUFJAS Ruffin 12/01/2022 12/2022 EFT P-9350 hcv 2,263.00 3112 K-5435 haphcv RUIELV Elvira Ruiz 12/01/2022 12/2022 EFT P-9321 hcv 1,855.00 3113 K-5436 haphcv RUSCON Russell 12/01/2022 12/2022 EFT P-8817 hcv 1,654.00 3114 K-5437 haphcv SANMAR Santos 12/01/2022 12/2022 EFT P-8798 hcv 1,269.00 3115 K-5438 haphcv schgre Schulz 12/01/2022 12/2022 EFT P-9282 hcv 1,567.00 3116 K-5439 haphcv sciric Richard M. Sciortino 12/01/2022 12/2022 EFT P-8432 hcv 2,101.00 3117 K-5440 haphcv SELJAC Selinger 12/01/2022 12/2022 EFT P-8909 hcv 1,658.00 3118 K-5441 haphcv SERYOU Seroy 12/01/2022 12/2022 EFT P-9209 hcv 1,606.00 3119 K-5442 haphcv SHAMOH Sharma 12/01/2022 12/2022 EFT P-8682 hcv 982.00 3120 K-5443 haphcv SHAPAT Shailesh & Bela Patel 12/01/2022 12/2022 EFT * hcv 3,049.00 3121 K-5444 haphcv SHEMOH Shekib 12/01/2022 12/2022 EFT P-8251 hcv 1,938.00 3122 K-5445 haphcv SHIYIH Yihui Shi 12/01/2022 12/2022 EFT P-9172 hcv 1,304.00 3123 K-5446 haphcv shoinv Shorten Investments LLC 12/01/2022 12/2022 EFT P-8943 hcv 2,886.00 3124 K-5447 haphcv siecor Sierra Pacific Properties Inc 12/01/2022 12/2022 EFT * * 20,536.00 3125 K-5448 haphcv siena Siena Court Apartments 12/01/2022 12/2022 EFT * * 18,288.00 3126 K-5449 haphcv siepep Sierra Pacific Properties c/o Ernie J.

Davis
12/01/2022 12/2022 EFT * * 9,358.00
3127 K-5450 haphcv siewoo Sierra Pacific Properties c/o Ernie J.

Davis
12/01/2022 12/2022 EFT * * 33,437.00
Payment Register Page 11
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Period: From 12/2022 to 12/2022
Wednesday, January 11, 2023
11:52 AM58
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method
Payable Property Amount Interfund Notes
Control Control#
3128 K-5451 haphcv SIIFRA Frank M. Siino 12/01/2022 12/2022 EFT * hcv 2,778.00 3129 K-5452 haphcv SIINO Joseph Michael Siino 12/01/2022 12/2022 EFT P-8184 hcv 1,654.00 3130 K-5453 haphcv SILGLO Silva 12/01/2022 12/2022 EFT P-9078 hcv 490.00 3131 K-5454 haphcv SIMMAR Marc J. Simpson 12/01/2022 12/2022 EFT P-9309 hcv 1,642.00 3132 K-5455 haphcv SINSON Son Singh 12/01/2022 12/2022 EFT P-9110 hcv 1,457.00 3133 K-5456 haphcv SITCRY Situ 12/01/2022 12/2022 EFT P-8258 hcv 1,250.00 3134 K-5457 haphcv SMILIO Smith 12/01/2022 12/2022 EFT P-8401 hcv 1,975.00 3135 K-5458 haphcv SMIMOL Molly Smith 12/01/2022 12/2022 EFT P-9126 hcv 2,000.00 3136 K-5459 haphcv SMISHE Smith 12/01/2022 12/2022 EFT P-8839 hcv-home 798.00 3137 K-5460 haphcv SOSCIN Sosa 12/01/2022 12/2022 EFT P-9043 hcv 2,448.00 3138 K-5461 haphcv squvet Veterans Square LP 12/01/2022 12/2022 EFT * hcv-pbv1 42,909.60 3139 K-5462 haphcv sroram Srouji 12/01/2022 12/2022 EFT P-8955 hcv-vash 2,164.00 3140 K-5463 haphcv STRALE Stroud 12/01/2022 12/2022 EFT P-8451 hcv 1,510.00 3141 K-5464 haphcv STRDAR Streeter 12/01/2022 12/2022 EFT P-8792 hcv 1,985.00 3142 K-5465 haphcv sukabb Sukarto 12/01/2022 12/2022 EFT * hcv 4,915.00 3143 K-5466 haphcv suli Su 12/01/2022 12/2022 EFT P-9325 hcv 2,190.00 3144 K-5467 haphcv sulkha Sultan 12/01/2022 12/2022 EFT P-8831 hcv 1,671.00 3145 K-5468 haphcv SUMMIT Summit Venture Group, LLC 12/01/2022 12/2022 EFT P-9192 hcv 2,790.00 3146 K-5469 haphcv SURKAM Kamaljeet Surila 12/01/2022 12/2022 EFT P-8209 hcv 1,684.00 3147 K-5470 haphcv SUSPAD Paduro-Silva 12/01/2022 12/2022 EFT P-8202 hcv 2,195.00 3148 K-5471 haphcv svekon Kondratiouk 12/01/2022 12/2022 EFT P-8873 hcv 3,338.00 3149 K-5472 haphcv SYJOYC Joyce Hui Sy 12/01/2022 12/2022 EFT * hcv 6,439.00 3150 K-5473 haphcv TENYUN Yun Teng 12/01/2022 12/2022 EFT P-8439 hcv 730.00 3151 K-5474 haphcv TERNAT Terry 12/01/2022 12/2022 EFT P-8404 hcv-home 1,923.00 3152 K-5475 haphcv THESIL Silvia Thein and Ada Choi 12/01/2022 12/2022 EFT P-8733 hcv 2,653.00 3153 K-5476 haphcv THOTEQ Thornton 12/01/2022 12/2022 EFT P-8415 hcv 2,761.00 3154 K-5477 haphcv TONYOW Tong 12/01/2022 12/2022 EFT P-9284 hcv 1,938.00 3155 K-5478 haphcv TOVLOU Lourdes or Raymond Tovar 12/01/2022 12/2022 EFT P-8714 hcv 1,314.00 3156 K-5479 haphcv TRARAP Tran 12/01/2022 12/2022 EFT * hcv 4,961.00 3157 K-5480 haphcv TRARIC Tran 12/01/2022 12/2022 EFT P-8199 hcv 2,789.00 3158 K-5481 haphcv TRATHU Thuy Tran 12/01/2022 12/2022 EFT P-9065 hcv 1,164.00 3159 K-5482 haphcv TRITHA Thanh Van Trinh 12/01/2022 12/2022 EFT P-9079 hcv 1,486.00 3160 K-5483 haphcv TRUSEA Truong 12/01/2022 12/2022 EFT P-9179 hcv 1,208.00 3161 K-5484 haphcv truvan Truong 12/01/2022 12/2022 EFT P-8691 hcv 1,431.00 3162 K-5485 haphcv USCERI Erica Uschold 12/01/2022 12/2022 EFT P-9120 hcv 1,737.00 3163 K-5486 haphcv v0000002 CONTRA COSTA HOUSING

AUTHORITY
12/01/2022 12/2022 EFT * * 61,080.22
3164 K-5487 haphcv v0000006 College Park City HA 12/01/2022 12/2022 EFT * hcv 1,037.17 3165 K-5488 haphcv v0000056 Mims 12/01/2022 12/2022 EFT P-8176 hcv 1,276.00 3166 K-5489 haphcv v0000059 Tran 12/01/2022 12/2022 EFT P-8739 hcv 2,881.00 Payment Register Page 12
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Period: From 12/2022 to 12/2022
Wednesday, January 11, 2023
11:52 AM59
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method
Payable Property Amount Interfund Notes
Control Control#
3167 K-5490 haphcv v0000064 Lee 12/01/2022 12/2022 EFT P-8895 hcv 2,700.00 3168 K-5491 haphcv v0000066 Tram 12/01/2022 12/2022 EFT * hcv 3,331.00 3169 K-5492 haphcv v0000071 Balaji LLC 12/01/2022 12/2022 EFT * hcv 3,218.00 3170 K-5493 haphcv v0000073 Christian Reyes 12/01/2022 12/2022 EFT P-8858 hcv 3,525.00 3171 K-5494 haphcv v0000074 Baymax Properties/TPG Rental Properties
12/01/2022 12/2022 EFT P-8538 hcv 4,302.00
3172 K-5495 haphcv v0000090 Sampson 12/01/2022 12/2022 EFT P-8562 hcv 2,443.00 3173 K-5496 haphcv v0000091 Mehmi 12/01/2022 12/2022 EFT P-8822 hcv 876.00 3174 K-5497 haphcv v0000092 Willie L. Mostella 12/01/2022 12/2022 EFT P-8561 hcv 2,815.00 3175 K-5498 haphcv v0000095 Joshua Lankford 12/01/2022 12/2022 EFT P-8595 hcv-vash 2,815.00 3176 K-5499 haphcv v0000112 240 Case Drive LLC 12/01/2022 12/2022 EFT P-8596 hcv 1,886.00 3177 K-5500 haphcv v0000113 Arudra Investments LLC 12/01/2022 12/2022 EFT P-8594 hcv 1,327.00 3178 K-5501 haphcv VALLID Lidia Valladares 12/01/2022 12/2022 EFT P-8290 hcv 1,561.00 3179 K-5502 haphcv valvic Valenzuela 12/01/2022 12/2022 EFT P-8227 hcv 2,875.00 3180 K-5503 haphcv VASGAR Gary D. Vasconcellos 12/01/2022 12/2022 EFT P-8191 hcv 1,780.00 3181 K-5504 haphcv VERHOM Veritel Homes LLC 12/01/2022 12/2022 EFT P-9082 hcv 2,165.00 3182 K-5505 haphcv VICAZE Vickers 12/01/2022 12/2022 EFT P-8353 hcv 2,622.00 3183 K-5506 haphcv VIENUN Nuno G Vieira 12/01/2022 12/2022 EFT * hcv 4,245.00 3184 K-5507 haphcv WAFSTE Wafer 12/01/2022 12/2022 EFT P-8547 hcv 1,242.00 3185 K-5508 haphcv wanlin Lining Wan 12/01/2022 12/2022 EFT P-8614 hcv 2,770.00 3186 K-5509 haphcv wanwei Wang 12/01/2022 12/2022 EFT P-8222 hcv 1,940.00 3187 K-5510 haphcv wanyur Yu Ruo Wang 12/01/2022 12/2022 EFT P-8781 hcv 2,016.00 3188 K-5511 haphcv WENHOL Wen 12/01/2022 12/2022 EFT P-9290 hcv 793.00 3189 K-5512 haphcv WHILEW Lewis White & Ruth White 12/01/2022 12/2022 EFT * * 5,759.00 3190 K-5513 haphcv WILADR Wilson 12/01/2022 12/2022 EFT P-8312 hcv 1,950.00 3191 K-5514 haphcv wilkat Wilson 12/01/2022 12/2022 EFT P-8521 hcv 1,231.00 3192 K-5515 haphcv WILLKAT Kathy D. Williams 12/01/2022 12/2022 EFT P-9319 hcv 2,705.00 3193 K-5516 haphcv WILLTAS Williams 12/01/2022 12/2022 EFT P-8196 hcv 2,800.00 3194 K-5517 haphcv WINDEV Windeler Development Group, Inc. 12/01/2022 12/2022 EFT P-8845 hcv 987.00 3195 K-5518 haphcv wonhar Har Pan Wong 12/01/2022 12/2022 EFT * hcv 3,997.00 3196 K-5519 haphcv WONJOA Joanne Wong 12/01/2022 12/2022 EFT * hcv 2,145.00 3197 K-5520 haphcv WONKIN Kinney Ming Wong 12/01/2022 12/2022 EFT P-8190 hcv 1,420.00 3198 K-5521 haphcv WONSHI Wong 12/01/2022 12/2022 EFT P-8362 hcv-vash 1,528.00 3199 K-5522 haphcv WONVIN Wong 12/01/2022 12/2022 EFT P-9041 hcv 1,646.00 3200 K-5523 haphcv WUHONG Hong Wu 12/01/2022 12/2022 EFT P-8313 hcv 1,651.00 3201 K-5524 haphcv WUZHAN Wu 12/01/2022 12/2022 EFT P-9055 hcv 3,468.00 3202 K-5525 haphcv WYADRE Drewcillia Wyatt 12/01/2022 12/2022 EFT P-8813 hcv 2,708.00 3203 K-5526 haphcv XUCHAO Xu 12/01/2022 12/2022 EFT P-8644 hcv 2,411.00 3204 K-5527 haphcv XUPING Ping Ping Xu 12/01/2022 12/2022 EFT * hcv 3,256.00 3205 K-5528 haphcv XUZHO Xu 12/01/2022 12/2022 EFT P-8701 hcv 2,870.00 Payment Register Page 13
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Period: From 12/2022 to 12/2022
Wednesday, January 11, 2023
11:52 AM60
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method
Payable Property Amount Interfund Notes
Control Control#
3206 K-5529 haphcv yeyifa Ye 12/01/2022 12/2022 EFT P-8718 hcv 2,471.00 3207 K-5530 haphcv yipsal Sally Yip 12/01/2022 12/2022 EFT P-9066 hcv 595.00 3208 K-5531 haphcv YONQIA Lu 12/01/2022 12/2022 EFT P-8962 hcv 1,831.00 3209 K-5532 haphcv YOUCHR You 12/01/2022 12/2022 EFT P-8473 hcv 2,395.00 3210 K-5533 haphcv yueche Cheung 12/01/2022 12/2022 EFT P-8412 hcv 1,220.00 3211 K-5534 haphcv ZALMOH Mohammad Zalmaiyar 12/01/2022 12/2022 EFT * hcv 1,583.00 3212 K-5535 haphcv ZHAJIE Zhao 12/01/2022 12/2022 EFT P-8797 hcv 2,014.00 3213 K-5536 haphcv ZHAKAT Zhao 12/01/2022 12/2022 EFT P-8705 hcv 1,938.00 3214 K-5537 haphcv ZHAWEI Wei Bin Zhang or Gao Wei 12/01/2022 12/2022 EFT P-8981 hcv 2,102.00 3215 K-5538 haphcv ZHAXIR Xirong Zhao 12/01/2022 12/2022 EFT P-9027 hcv 876.00 3216 K-5539 haphcv ZHAYAN Yan Zhang 12/01/2022 12/2022 EFT P-8860 hcv 1,898.00 3217 K-5540 haphcv ZHEXIA Zheng 12/01/2022 12/2022 EFT P-8651 hcv 1,502.00 3218 K-5541 haphcv ZHIXLI Li 12/01/2022 12/2022 EFT * hcv 1,581.00 3219 K-5542 haphcv ZHOJOY Zhou 12/01/2022 12/2022 EFT P-8350 hcv 1,691.00 3220 K-5543 haphcv ZHUSHE Zhu 12/01/2022 12/2022 EFT * hcv 5,429.00 3221 K-5544 haphcv ZHUYIN Zhu 12/01/2022 12/2022 EFT * hcv 4,621.00 3222 K-5545 haphcv zhweij Zhang 12/01/2022 12/2022 EFT P-9058 hcv 1,130.00 30000044 K-5546 hcvport LPMARH Marina Heights Apartments, LP 12/01/2022 12/2022 Check * * 8,877.00 30000045 K-5547 hcvport sieoak Sierra Pacific Properties 12/01/2022 12/2022 Check P-8816 portin 1,164.00 30000046 K-5548 hcvport t1005652 Smith 12/01/2022 12/2022 Check * portin 50.00 30000047 K-5549 hcvport t1005678 Albert 12/01/2022 12/2022 Check P-8354 portin 36.00 30000048 K-5550 hcvport t1005706 Dixon 12/01/2022 12/2022 Check P-8482 portin 28.00 30000050 K-5552 hcvport t2026998 Williams 12/01/2022 12/2022 Check P-9265 portin 53.00 30000051 K-5553 hcvport t2027035 Shelton 12/01/2022 12/2022 Check P-9022 portin 50.00 30000052 K-5554 hcvport v0000057 Mims 12/01/2022 12/2022 Check P-8400 portin 1,673.00 30000053 K-5555 hcvport vilsan San Marcos Villas 12/01/2022 12/2022 Check * portin 6,428.00 50000142 K-5556 hcvport 9thst 9th Street Associates, LP 12/01/2022 12/2022 EFT * portin 2,441.00 50000143 K-5557 hcvport aptsto Stoneman Apartments 12/01/2022 12/2022 EFT * * 5,928.00 50000144 K-5558 hcvport belmont Belmont Apartments 12/01/2022 12/2022 EFT * portin 11,770.00 50000145 K-5559 hcvport bor201 2018-2 IH Borrower LP 12/01/2022 12/2022 EFT P-9160 portin 1,957.00 50000146 K-5560 hcvport BROLAU Brown 12/01/2022 12/2022 EFT P-8310 portin 1,119.00 50000147 K-5561 hcvport coapin Ping Cao 12/01/2022 12/2022 EFT P-8708 portin 2,453.00 50000148 K-5562 hcvport creeks Creekside Apt Investors LLC DBA Creekside Village
12/01/2022 12/2022 EFT * * 4,324.00
50000149 K-5563 hcvport danfre French Evans 12/01/2022 12/2022 EFT P-9023 portin 2,235.00 50000150 K-5564 hcvport doabri Doan 12/01/2022 12/2022 EFT P-9240 portin 2,730.00 50000151 K-5565 hcvport eastle Mercy Housing California XXXVIII 12/01/2022 12/2022 EFT P-9029 portin 1,348.00 50000152 K-5566 hcvport FIEJOS Joseph Field 12/01/2022 12/2022 EFT * hcv 388.00 50000153 K-5567 hcvport foxcre Fox Creek Apartments 12/01/2022 12/2022 EFT * hcv 399.00 50000154 K-5568 hcvport FRAREJ Frazier 12/01/2022 12/2022 EFT * hcv 2,730.00 Payment Register Page 14
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Period: From 12/2022 to 12/2022
Wednesday, January 11, 2023
11:52 AM61
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method
Payable Property Amount Interfund Notes
Control Control#
50000155 K-5569 hcvport gardav David Gardner 12/01/2022 12/2022 EFT * hcv 488.00 50000156 K-5570 hcvport gateway Gateway Apartments 12/01/2022 12/2022 EFT P-9020 portin 1,377.00 50000157 K-5571 hcvport GOMHAD Gomez 12/01/2022 12/2022 EFT * hcv-home 760.00 50000158 K-5572 hcvport GRERUP Grewal 12/01/2022 12/2022 EFT P-8324 portin 2,936.00 50000159 K-5573 hcvport HACPET Hackett 12/01/2022 12/2022 EFT P-8698 portin 1,973.00 50000160 K-5574 hcvport hagjef Jeffrey Paul Hagler 12/01/2022 12/2022 EFT P-8761 portin 2,514.00 50000161 K-5575 hcvport HARPRO Hartz Property Management 12/01/2022 12/2022 EFT * hcv 326.00 50000162 K-5576 hcvport hendav David T. Hennigan 12/01/2022 12/2022 EFT * hcv 1,145.00 50000163 K-5577 hcvport HOAHAN Hoang 12/01/2022 12/2022 EFT P-8991 portin 2,608.00 50000164 K-5578 hcvport hominv Invitation Homes 12/01/2022 12/2022 EFT P-9141 portin 1,952.00 50000165 K-5579 hcvport kirkkw KW Kirker Creek, LLC 12/01/2022 12/2022 EFT P-9018 portin 1,780.00 50000166 K-5580 hcvport liying Ying Hong Li 12/01/2022 12/2022 EFT P-8481 portin 3,500.00 50000167 K-5581 hcvport luiand Lui 12/01/2022 12/2022 EFT P-9311 portin 1,891.00 50000168 K-5582 hcvport lumthe 34892 The Entrust Group Inc FBO T.Lum
12/01/2022 12/2022 EFT * hcv 2,320.00
50000169 K-5583 hcvport majenn Ma 12/01/2022 12/2022 EFT P-8434 portin 1,257.00 50000170 K-5584 hcvport ncasso NC Associates, Inc. 12/01/2022 12/2022 EFT P-9406 hcv 99.00 50000171 K-5585 hcvport NGDOMI Dominic Y Ng 12/01/2022 12/2022 EFT * hcv 984.00 50000172 K-5586 hcvport ngumyh Nguyen 12/01/2022 12/2022 EFT P-9264 portin 2,137.00 50000173 K-5587 hcvport RAMCHR Ramirez 12/01/2022 12/2022 EFT P-8977 portin 2,093.00 50000174 K-5588 hcvport RAMHOR Ramsey Horton 12/01/2022 12/2022 EFT P-9138 portin 1,885.00 50000175 K-5589 hcvport rhport RH Portofino Owner CA LLC 12/01/2022 12/2022 EFT P-8605 portin 2,078.00 50000176 K-5590 hcvport ROBDAN Daniels 12/01/2022 12/2022 EFT P-8601 portin 2,627.00 50000177 K-5591 hcvport shoinv Shorten Investments LLC 12/01/2022 12/2022 EFT * portin 3,885.00 50000178 K-5592 hcvport siecor Sierra Pacific Properties Inc 12/01/2022 12/2022 EFT * portin 4,792.00 50000179 K-5593 hcvport siena Siena Court Apartments 12/01/2022 12/2022 EFT P-8325 portin 954.00 50000180 K-5594 hcvport siewoo Sierra Pacific Properties c/o Ernie J.

Davis
12/01/2022 12/2022 EFT * * 2,981.00
50000181 K-5595 hcvport SIIFRA Frank M. Siino 12/01/2022 12/2022 EFT * hcv 266.00 50000182 K-5596 hcvport SINRAM Singh 12/01/2022 12/2022 EFT * portin 2,693.00 50000183 K-5597 hcvport SYJOYC Joyce Hui Sy 12/01/2022 12/2022 EFT * hcv 102.00 50000184 K-5598 hcvport TRARAP Tran 12/01/2022 12/2022 EFT * hcv 744.00 50000185 K-5599 hcvport TRUXAV Truong 12/01/2022 12/2022 EFT P-8494 portin 1,302.00 50000186 K-5600 hcvport v0000061 Garschi 12/01/2022 12/2022 EFT P-8558 portin 2,723.00 50000187 K-5601 hcvport v0000062 Santa Fe Triplex LLC 12/01/2022 12/2022 EFT P-8901 portin 2,043.00 50000188 K-5602 hcvport v0000065 Marx 12/01/2022 12/2022 EFT P-9121 portin 1,080.00 50000189 K-5603 hcvport v0000068 Qinke Li DBA QJ's Property Management Co
12/01/2022 12/2022 EFT P-8343 portin 3,276.00
50000190 K-5604 hcvport v0000083 Kristie Rae Myers 12/01/2022 12/2022 EFT P-8824 portin 2,474.00 50000191 K-5605 hcvport v0000086 William B. Wong 12/01/2022 12/2022 EFT P-8836 portin 1,595.00 50000192 K-5606 hcvport v0000089 Chen 12/01/2022 12/2022 EFT * portin 2,524.00 Payment Register Page 15
.all
Period: From 12/2022 to 12/2022
Wednesday, January 11, 2023
11:52 AM62
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method
Payable Property Amount Interfund Notes
Control Control#
50000193 K-5607 hcvport v0000096 Jamal Tucker 12/01/2022 12/2022 EFT P-9036 portin 2,294.00 50000194 K-5608 hcvport v0000098 Lily Wei 12/01/2022 12/2022 EFT P-9315 portin 2,271.00 50000195 K-5609 hcvport v0000114 Richard Daigh 12/01/2022 12/2022 EFT P-8623 portin 2,694.00 50000196 K-5610 hcvport VERHOM Veritel Homes LLC 12/01/2022 12/2022 EFT P-8774 portin 1,769.00 50000197 K-5611 hcvport wolwar Wolfeld 12/01/2022 12/2022 EFT P-8599 portin 2,936.00 50000198 K-5612 hcvport ZHIXLI Li 12/01/2022 12/2022 EFT * hcv 1,002.00 30000049 K-5614 hcvport t2026989 Walters 12/01/2022 12/2022 Check P-2804 sfd-390 -1,199.00 Duplicate payment 51979 K-5623 haphcv t1005479 Butler 12/01/2022 12/2022 Check P-6796 hcv 119.00 64 K-5624 haphcv gilmah Gill 12/07/2022 12/2022 EFT * hcv 0.00 Void T.Leslie Recoup 51756 K-5625 haphcv t1005360 Ghani 12/13/2022 12/2022 Check P-5255 hcv -119.00 Check not received 30000057 K-5629 hcvport t2026998 Williams 12/15/2022 12/2022 Check * portin 204.00 50000199 K-5630 hcvport belmont Belmont Apartments 12/15/2022 12/2022 EFT * hcv 320.00 1 K-5631 hcvport doabri Doan 12/15/2022 12/2022 EFT * portin 0.00 50000200 K-5632 hcvport JAIDEE Jain 12/15/2022 12/2022 EFT * portin 2,832.00 50000201 K-5633 hcvport ncasso NC Associates, Inc. 12/15/2022 12/2022 EFT * hcv 281.00 50000202 K-5634 hcvport shoinv Shorten Investments LLC 12/15/2022 12/2022 EFT * portin 675.00 50000203 K-5635 hcvport siecor Sierra Pacific Properties Inc 12/15/2022 12/2022 EFT * portin 348.00 50000204 K-5636 hcvport v0000117 David Chen Investment LLC 12/15/2022 12/2022 EFT * portin 3,631.00 51980 K-5637 haphcv t1000118 Jones 12/15/2022 12/2022 Check * hcv 6.00 51981 K-5638 haphcv t1003247 Rothschild 12/15/2022 12/2022 Check * hcv 16.00 51982 K-5639 haphcv t1005360 Ghani 12/15/2022 12/2022 Check P-5255 hcv 119.00 51983 K-5640 haphcv t1005422 Sailbury 12/15/2022 12/2022 Check * hcv 85.00 3223 K-5641 haphcv abjent ABJ Enterprises, Inc. dba Blue Line Property Mgmt
12/15/2022 12/2022 EFT P-9556 hcv 2,329.00
3224 K-5642 haphcv aptsto Stoneman Apartments 12/15/2022 12/2022 EFT * hcv 5,793.00 73 K-5643 haphcv belmont Belmont Apartments 12/15/2022 12/2022 EFT * hcv 0.00 3225 K-5644 haphcv chehon Chen 12/15/2022 12/2022 EFT * hcv 51.00 74 K-5645 haphcv creeks Creekside Apt Investors LLC DBA Creekside Village
12/15/2022 12/2022 EFT * * 0.00
3226 K-5646 haphcv DAVROS Davis 12/15/2022 12/2022 EFT P-9498 hcv 1,477.00 3227 K-5647 haphcv doabri Doan 12/15/2022 12/2022 EFT * hcv 1,035.00 3228 K-5648 haphcv gilmah Gill 12/15/2022 12/2022 EFT * hcv 5,874.00 3229 K-5649 haphcv hawdel Delta Hawaii Garden Apartments LLC 12/15/2022 12/2022 EFT * hcv 160.00 3230 K-5650 haphcv hendav David T. Hennigan 12/15/2022 12/2022 EFT * hcv 543.00 3231 K-5651 haphcv JAIDEE Jain 12/15/2022 12/2022 EFT * hcv 538.00 3232 K-5652 haphcv kirkkw KW Kirker Creek, LLC 12/15/2022 12/2022 EFT * hcv 1,937.00 3233 K-5653 haphcv liying Ying Hong Li 12/15/2022 12/2022 EFT * hcv 1,051.00 3234 K-5654 haphcv MADRAK Madra 12/15/2022 12/2022 EFT * hcv 3,662.00 3235 K-5655 haphcv MCLJAN McLean 12/15/2022 12/2022 EFT * hcv 2,734.00 3236 K-5656 haphcv rhport RH Portofino Owner CA LLC 12/15/2022 12/2022 EFT * hcv 799.00 Payment Register Page 16
.all
Period: From 12/2022 to 12/2022
Wednesday, January 11, 2023
11:52 AM63
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method
Payable Property Amount Interfund Notes
Control Control#
3237 K-5657 haphcv siewoo Sierra Pacific Properties c/o Ernie J.

Davis
12/15/2022 12/2022 EFT * hcv 2,058.00
3238 K-5658 haphcv v0000002 CONTRA COSTA HOUSING

AUTHORITY
12/15/2022 12/2022 EFT * * 22,866.79
3239 K-5659 haphcv v0000115 Zhan Chen 12/15/2022 12/2022 EFT * hcv 2,077.00 3240 K-5660 haphcv vukuyen Vu 12/15/2022 12/2022 EFT * hcv 967.00 3241 K-5661 haphcv wanlin Lining Wan 12/15/2022 12/2022 EFT P-9565 hcv 1,166.00 3242 K-5662 haphcv WIJFEN Wijayanti 12/15/2022 12/2022 EFT * hcv 3,876.00 50000205 K-5664 hcvport aptsto Stoneman Apartments 12/21/2022 12/2022 EFT P-9608 hcv 425.00 50000206 K-5665 hcvport belmont Belmont Apartments 12/21/2022 12/2022 EFT * portin 4.00 50000207 K-5666 hcvport chomic Choi 12/21/2022 12/2022 EFT * hcv 111.00 50000208 K-5667 hcvport FLOALE Alexander Flowers 12/21/2022 12/2022 EFT * hcv 84.00 50000209 K-5668 hcvport GRERUP Grewal 12/21/2022 12/2022 EFT * portin 308.00 50000210 K-5669 hcvport kirkkw KW Kirker Creek, LLC 12/21/2022 12/2022 EFT * portin 879.00 50000211 K-5670 hcvport siewoo Sierra Pacific Properties c/o Ernie J.

Davis
12/21/2022 12/2022 EFT P-9666 portin 1,467.00
76 K-5671 haphcv aptsto Stoneman Apartments 12/21/2022 12/2022 EFT * hcv 0.00 77 K-5672 haphcv chomic Choi 12/21/2022 12/2022 EFT * hcv 0.00 3243 K-5673 haphcv DELLAT David De La Torre 12/21/2022 12/2022 EFT * hcv 450.00 78 K-5674 haphcv FLOALE Alexander Flowers 12/21/2022 12/2022 EFT * hcv 0.00 3244 K-5675 haphcv holsrh SRH Holdings LLC 12/21/2022 12/2022 EFT * hcv 112.00 79 K-5676 haphcv leesiu Siu Wan Windytiti Lee 12/21/2022 12/2022 EFT * hcv 0.00 80 K-5677 haphcv ncasso NC Associates, Inc. 12/21/2022 12/2022 EFT * hcv 0.00 3245 K-5678 haphcv relwoo Reliant - Woods Grove, LP 12/21/2022 12/2022 EFT P-9671 hcv-vash 1,603.00 3246 K-5679 haphcv rhport RH Portofino Owner CA LLC 12/21/2022 12/2022 EFT * hcv 2,356.00 3247 K-5680 haphcv v0000002 CONTRA COSTA HOUSING

AUTHORITY
12/21/2022 12/2022 EFT * hcv 4,761.66
3248 K-5681 haphcv vukuyen Vu 12/21/2022 12/2022 EFT P-9602 hcv 1,232.00 51984 K-5682 haphcv t1000347 Lea III 12/21/2022 12/2022 Check P-9672 hcv 211.00 30000058 K-5685 hcvport 09504 WILLOW BROOK OA 12/21/2022 12/2022 Check P-9677 sfd-1027 136.59 30000059 K-5686 hcvport 19593 VILLAGES AT VISTA DEL MAR ASSO 12/21/2022 12/2022 Check P-9676 sfd-273 88.00 3248 K-5687 haphcv vukuyen Vu 12/22/2022 12/2022 EFT P-9602 hcv -1,232.00 3247 K-5688 haphcv v0000002 CONTRA COSTA HOUSING

AUTHORITY
12/22/2022 12/2022 EFT * hcv -4,761.66
3246 K-5689 haphcv rhport RH Portofino Owner CA LLC 12/22/2022 12/2022 EFT * hcv -2,356.00 3245 K-5690 haphcv relwoo Reliant - Woods Grove, LP 12/22/2022 12/2022 EFT P-9671 hcv-vash -1,603.00 3244 K-5691 haphcv holsrh SRH Holdings LLC 12/22/2022 12/2022 EFT * hcv -112.00 3243 K-5692 haphcv DELLAT David De La Torre 12/22/2022 12/2022 EFT * hcv -450.00 50000168 K-5693 hcvport lumthe 34892 The Entrust Group Inc FBO T.Lum
12/08/2022 12/2022 EFT * hcv -2,320.00 Bank return 12/8/22 3249 K-5694 haphcv vukuyen Vu 12/22/2022 12/2022 EFT P-9602 hcv 1,232.00 Payment Register Page 17
.all
Period: From 12/2022 to 12/2022
Wednesday, January 11, 2023
11:52 AM64
Check # Check Bank Code Payee Code Payee Name Check Date Post Month Payment Method
Payable Property Amount Interfund Notes
Control Control#
3250 K-5695 haphcv v0000002 CONTRA COSTA HOUSING

AUTHORITY
12/22/2022 12/2022 EFT * hcv 4,761.66
3251 K-5696 haphcv rhport RH Portofino Owner CA LLC 12/22/2022 12/2022 EFT * hcv 2,356.00 3252 K-5697 haphcv relwoo Reliant - Woods Grove, LP 12/22/2022 12/2022 EFT P-9671 hcv-vash 1,603.00 3253 K-5698 haphcv holsrh SRH Holdings LLC 12/22/2022 12/2022 EFT * hcv 112.00 3254 K-5699 haphcv DELLAT David De La Torre 12/22/2022 12/2022 EFT * hcv 450.00 85 K-6296 haphcv wolwar Wolfeld 01/11/2023 12/2022 EFT * hcv 0.00 Grand Total 1,840,014.23
Payment Register Page 18
.all
Period: From 12/2022 to 12/2022
Wednesday, January 11, 2023
11:52 AM65

OFFICE OF THE CITY MANAGER/EXECUTIVE DIRECTOR
65 Civic Avenue
Pittsburg, CA 94565
TO: Mayor and Council Members
FROM: Garrett Evans, City Manager
SUBJECT: Adoption of a City Council Resolution to Accept Project 1200— California Theatre Balcony Level Occupancy as Complete and Authorize Filing the Notice of Completion
MEETING DATE: February 21, 2023

EXECUTIVE SUMMARY
Project 1200—California Theatre Balcony Level Occupancy (the “Project”) constructed multiple retrofit improvements to the California Theatre upper and lower sections of the balcony to allow it to be occupied and utilized as seating during theater events. This resolution will accept the California Theatre Balcony Level Occupancy Project and the construction contract as complete and authorize the appropriate Notice of Completion for the Project to be filed.

FISCAL IMPACT
The Project was funded with a $1,000,000 grant from the John H. and Regina K. Skully Foundation (Foundation) to the Pittsburg Arts and Community Foundation (PACF) and has an approved budget of the same amount.

The total anticipated expenditures for the Project are $941,259.

After payment of all expenditures for design, construction, release of retention, and project close out, staff estimates there will be a remaining balance of $58,741, which will be managed by PACF under the terms & conditions of the donation agreement entered into between those two entities.

A Project Budget Summary is attached to this staff report.

RECOMMENDATION
City Council adopt the attached resolution accepting Project 1200—California Theatre Balcony Level Occupancy as complete and authorize the City Engineer to execute a Notice of Completion. Staff recommends all unspent funds be utilized pursuant to the existing agreement.
66 BACKGROUND
On December 14, 2015, City Council adopted Resolution 15-13141 to allocate $291,000 from completed projects (Funds 826, 828, and 829) to the California Theatre Improvement Project (Fund 322 Project 3324) to design and construct an extension of the heating, ventilation and air conditioning system to the second-floor balcony, installation of an exterior stairway for emergency exiting from the second floor, and replacement of doors to the theater.

On July 6, 2017, City Council adopted Resolution 17-13351 to allocate $200,000 in unexpended funds from a completed CIP project to pay for architectural design services and the next phase of improvements to the California Theatre to begin the renovation of the second floor balcony area to accommodate additional seating.

On December 21, 2020, City Council adopted Resolution 20-13860 entering into a funding agreement between the City and the Pittsburg Arts and Community Foundation to facilitate use of a $1,000,000 donation from the John H. and Regina K. Scully Foundation to be used for design revisions and construction of the balcony and theater seating, installation of a Garaventa Lift for accessibility for the disabled, and other improvements needed to provide the best possible theater experience.

On August 2, 2021, City Council adopted Resolution 21-13976 authorizing execution of a construction contract between the City and BHM Construction in the amount of $688,695 and a contingency of $103,304 (15% of contract price), and authorizing the City Engineer or their designee to approve contract change orders for the Project in a total amount not to exceed 50% of the Contingency Amount, and authorizing the City Manager to approve change orders in a total amount not to exceed 100% of the contingency amount.

On November 15, 2021, City Council adopted Resolution 21-14018 authorizing a task order under the on-call contract with MNS Engineers, Inc. to provide project and construction management services for the Project.

On October 17, 2022, the contractor reached substantial completion, and the one-year warranty period began.

SUBCOMMITTEE FINDINGS
This item was not reviewed by a subcommittee.

STAFF ANALYSIS
The Project made multiple retrofit improvements to the upper and lower sections of the theater balcony to provide all-access and allow it to be occupied and utilized for seating during theater events.

During construction there were 16 contract change orders issued in a total amount of $44,826.

The project was completed on time and within the budget approved by the City Council. 67 ATTACHMENTS: Resolution
Budget Summary
Notice of Completion
Report Prepared By: Scott Alman, P.E., Interim Assistant City Engineer 68 Resolution No. 23- Page 1 of 2 February 21, 2023

BEFORE THE CITY COUNCIL OF THE CITY OF PITTSBURG
In the Matter of:

Adoption of a City Council Resolution )
Accepting Project 1200—California )
Theater Balcony Level Occupancy ) RESOLUTION NO. 23-
as Complete and Authorizing )
The City Engineer to File a Notice of )
Completion )
WHEREAS, on December 14, 2015, City Council adopted Resolution 15-13141 to allocate $291,000 from completed projects (Funds 826, 828, and 829) to the California Theatre Improvement Project (Fund 322 Project 3324) to design and construct an extension of the heating, ventilation and air conditioning system to the second-floor balcony, installation of an exterior stairway for emergency exiting from the second floor and replacement of doors to the theater; and
WHEREAS, on July 6, 2017, City Council adopted Resolution 17-13351 to allocate $200,000 in unexpended funds from a completed CIP project to pay for architectural design services and the next phase of improvements to the California Theatre to begin the renovation of the second-floor balcony area to accommodate additional seating; and WHEREAS, on December 21, 2020, City Council adopted Resolution 20-13860 entering into a funding agreement between the City and the Pittsburg Arts and Community Foundation to facilitate use of a $1,000,000 donation from the John H. and Regina K.

Scully Foundation to be used for design revisions and construction of the balcony and theater seating, installation of a Garaventa Lift for accessibility for the disabled, and other improvements needed to provide the best possible theater experience; and WHEREAS, on August 2, 2021, City Council adopted Resolution 21-13976 authorizing execution of a construction contract between the City and BHM Construction in the amount of $688,695 and a contingency of $103,304 (15% of contract price), and authorizing the City Engineer or their designee to approve contract change orders for the Project in a total amount not to exceed 50% of the contingency amount, and authorizing the City Manager to approve change orders for the Project in the total amount not to exceed 100% of the contingency amount; and
WHEREAS, November 15, 2021, City Council adopted Resolution 21-14018 authorizing a task order under the on-call contract with MNS Engineers, Inc. to provide project and construction management services for the Project; and WHEREAS, the Project made multiple retrofit improvements to the upper and lower sections of the theater balcony to provide all-access and allow it to be occupied and utilized for seating during theater events; and
WHEREAS, on October 17, 2022, the contractor reached substantial completion, and the one-year warranty period began; and
69 Resolution No. 23- Page 2 of 2 February 21, 2023
WHEREAS, the total anticipated expenditures for the Project including design, construction, change orders and staff costs are $941,259, and the remaining balance of $58,741 will be used pursuant to the funding agreement; and WHEREAS, staff requests that the City Council accept the Project as complete and authorize the City Engineer to file a Notice of Completion.

NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Pittsburg hereby accepts the Project as complete and authorizes and directs the City Engineer to execute a Notice of Completion and file said document with the Office of the Recorder of the County of Contra Costa, State of California, within 10 days from the date hereof.

PASSED AND ADOPTED by the City Council of the City of Pittsburg at a regular meeting on the 21ST day of February 2023 by the following vote:

AYES:

NOES:

ABSTAINED:

ABSENT:

Shanelle Scales, Preston, Mayor
ATTEST BY:

Alice E. Evenson, City Clerk
70 Project Funding: PACF (Skully Foundation Grant) $1,000,000 Funding Total $1,000,000
Project Expenditures:

Design:
(Code 2281) $61,691
Subtotal $61,691
Design:
(Code 2199) $145,665
Subtotal $145,665
Miscellaneous:
(Code 2281) Interior Signage $382
Subtotal $382
Construction: Base Bid $688,695
(Code 2281) Construction Change Orders $44,826
Subtotal $733,521
Staff Time:
(Code 1101) Salaries/Wages for Design and Construction $0 Subtotal $0
$0
(Code 2372) Subtotal $0
$941,259
Grant Balance Remaining $58,741
Staff Cost During Design and Construction
Administrative
Overhead:

Estimated Expenditures Total
Project Budget Summary
Project 1200, California Theatre Balcony
Consultant Design (Arch. Resrcs. Grp.)
Consultant Project Management (MNS)
71 California Theater Balcony Level Occupancy Project 2023 Form NOTICE OF COMPLETION 2017-05 (1200) Page 1
_________________________________________
Candace Hatch, Notary Public
Recording Requested By:

The City of Pittsburg
When Recorded Mail To:

City Clerk
65 Civic Avenue
Pittsburg, California 94565

EXEMPT FROM RECORDING FEES PER
GOVERNMENT CODE § 27383

SPACE ABOVE THIS LINE IS FOR RECORDER’S USE

NOTICE OF COMPLETION
Civil Code §§ 8182, 8184, 9204, and 9208
NOTICE IS HEREBY GIVEN THAT:

1. The undersigned is the agent of the owner of the Project described below.

2. Owner’s full name is City of Pittsburg (“City”)

3. City’s address is 65 Civic Avenue, Pittsburg, California 94565

4. The nature of City’s interest in the Project is:

X Fee Ownership __ Lessee __ Other:

5. Construction work on the Project performed on City’s behalf is generally described as follows: California Theater Balcony Level Occupancy Project

6. The name of the original Contractor for the Project is: BHM Construction, Inc. located at 221 Gateway Road West, Suite 405, Napa, California 94558.

7. The Project was accepted as complete on: February 21, 2023.

8. The Project is located at: 351 Railroad Avenue, Pittsburg, California 94565.

Verification: In signing this document, I, the undersigned, declare under penalty of perjury under the laws of the State of California that I have read this notice, and I know and understand the contents of this notice, and that the facts stated in this notice are true and correct.

February 21, 2023, Pittsburg, CA
Date and Place
Signature:
________________________________
John Samuelson, PE, Director of Public Works
EXEMPT FROM NOTARY ACKNOWLEDGMENT REQUIREMENTS PER GOVERNMENT CODE § 27287 AND CIVIL CODE § 9208
72 OFFICE OF THE CITY MANAGER/EXECUTIVE DIRECTOR
65 Civic Avenue
Pittsburg, CA 94565
TO: Mayor and Council Members
FROM: Garrett Evans, City Manager
SUBJECT: Adoption of a City Council Resolution Authorizing the Application for a Bay Area Air Quality Management District Charge! Grant
MEETING DATE: February 21, 2023

EXECUTIVE SUMMARY
The Environmental Services Division is pursuing Bay Area Air Quality Management District (BAAQMD) Charge! Program (Charge! Program) funding to offset costs of purchasing and installing public electric vehicle (EV) charging stations. The Charge! Program requires applicants to demonstrate organizational support for grant applications prior to submitting a proposal.

FISCAL IMPACT
Approval of this Resolution will provide the City with an opportunity to offset EV charging installation project costs by up to $5,500 per Level 2 port and up to $45,000 per DC Fast Charge port. This project will have no impact on the City’s General Fund as remaining project expenses will be charged to the Solid Waste Fund (210). The Solid Waste Fund is comprised of Lead Enforcement Agency fees collected annually in accordance with City’s Franchise Agreement with Contra Costa Waste Services, Inc. for the Recycling Center and Transfer Station (Franchise Agreement). As defined by the Franchise Agreement expenditures of these funds are reserved for solid waste and sustainability-related activities and compliance.

RECOMMENDATION
Staff recommends that the City Council adopt the attached Resolution authorizing the City to apply for a BAAQMD Charge! Grant.
73 BACKGROUND
On September 23, 2020, California Governor Gavin Newsom issued an Executive Order (EO) N-79-20 setting new strategic goals for phasing out light-duty internal combustion engine vehicles. On August 25, 2022, the California Air Resources Board (CARB) approved the Advanced Clean Cars II Rule, which codifies EO N-79-20. By 2035, 100% of new cars and light trucks sold in California will be zero-emission vehicles, including plug-in hybrid EVs). Trickling down from the State, regional and local jurisdictions are preparing for the expected influx of EVs in many ways, including strategic placement of charging equipment.

BAAQMD’s Charge! Program is a grant that helps offset a portion of the cost of purchasing and installing new publicly available charging stations at qualifying facilities, and private charging stations to serve fleets and multi-family housing locations within BAAQMD’s jurisdiction. Funding is available to homeowner associations, public agencies, and private businesses through a competitive solicitation that is paid to grantees/project sponsors on a reimbursement basis after the charging stations are placed into service. Awards are based on the anticipated electricity that a charging station can deliver to plug-in EVs, and hence it’s potential to shift drivers away from internal combustion engine vehicles and reduce both petroleum and air pollution.

BAAQMD will prioritize projects that install EV charging at multi-family housing (specifically affordable and below-market-rate housing sites), and projects located in communities committed to environmental justice. The Charge! Program will prioritize at least 60% of total funding funding to projects located in priority population areas, as defined by the CARB using CalEnviroScreen 4.0 data.

SUBCOMMITTEE FINDINGS
This item was not presented at a subcommittee.

STAFF ANALYSIS
In the City’s 2016 Communitywide Inventory of Greenhouse Gas Emissions, communitywide on-road transportation emissions totaled 152,535 metric tons of carbon dioxide equivalent, which accounts for 35.6% of Pittsburg’s total communitywide emissions. California has adopted aggressive zero-emissions transportation targets. In order to meet the State targets and reduce local transportation emissions, the City has taken action as an active participant in Contra Costa County’s EV Readiness Blueprint (Blueprint). The Blueprint is a plan to prepare Contra Costa for the EV future by identifying the best locations for charging infrastructure; helping cities to adopt development standards and ordinances that encourage EV adoption; preparing the workforce of the future to maintain EVs and the charging infrastructure. The Blueprint identifies where improvements to the electricity distribution infrastructure are necessary to support electric ready mobility hubs and zero- emission bus fleets operated by public transit operators. In line with the Blueprint, Pittsburg is developing an EV mechanic workforce training program with Future Build and the Pittsburg Unified School District and has reserved $95,000 in MCE rebates for EV equipment and installation.
74 The City currently owns and maintains four (4) public Level 2 EV charging posts. Two (2) are located at the City Hall with two (2) charging connectors, and two (2) downtown on Railroad Avenue in front of the Pittsburg Historical Museum with four (4) charging connectors; for a total of six (6) charging connectors. The City is looking to install additional Level 2 chargers and incorporate DC Fast charging ports into its portfolio as well. Eligible sites for EV installation under this grant include multi-family housing, transit parking, transportation corridors, and workplaces. Staff recommends installing charging posts at high-potential use locations, including city facilities, parks, libraries, community centers, and retail centers, to ensure they are often used, conveniently located, and accessible for all.

Some possible locations can include the City Hall/Library, Civic Center BART Multimodal Station, Premiere Fields, BART, and Central Harbor Park.

Under the Charge! Program, Pittsburg is considered a disadvantaged and low-income community based on the California Climate Investments Priority Populations 2022 CES 4.0.

This qualifies Pittsburg for a higher tier of program funding, and this funding can be layered with other outside funding sources and incentive programs making this an impactful opportunity for the City’s progress toward reducing city-wide transportation emissions and maintaining a balanced budget.

ATTACHMENTS: Resolution
Grant Announcement
Report Prepared By: Dhaynae Romero, Administrative Analyst I 75 Resolution No. 23- Page 1 of 2 February 21, 2023

BEFORE THE CITY COUNCIL OF THE CITY OF PITTSBURG
In the Matter Of:

Authorizing the Application for a Bay Area )
Air Quality Management District Charge! ) RESOLUTION NO. 23- Grant )
WHEREAS, on September 23, 2020, California Governor Gavin Newsom issued an Executive Order (EO) N-79-20 setting new strategic goals for phasing out light-duty internal combustion engine vehicles; and
WHEREAS, on August 25, 2022, the California Air Resources Board approved the Advanced Clean Cars II Rule, which codifies EO N-79-20. By 2035, 100% of new cars and light trucks sold in California will be zero-emission vehicles, including plug-in hybrid electric vehicles (EVs); and
WHEREAS, the Bay Area Quality Management District’s (BAAQMD) Charge! Program is a grant for purchasing and installing new publicly available charging stations at qualifying facilities and private charging stations to serve fleets and multi-family housing locations within BAAQMD’s jurisdiction; and
WHEREAS, the Environmental Services Division is pursuing BAAQMD Charge! Program funding to offset costs of purchasing and installing public EV charging stations; and
WHEREAS, approval of this Resolution will provide the City with an opportunity to offset EV charging installation project costs by up to $5,500 per Level 2 port and up to $45,000 per DC Fast Charge port; and
WHEREAS, the City’s 2016 Communitywide Inventory of Greenhouse Gas Emissions shows community-wide on-road transportation emissions totaled 152,535 metric tons of carbon dioxide equivalent, which accounts for 35.6% of Pittsburg’s total communitywide emissions. In developing its Sustainability Plan, the City is focusing on reducing gases in this sector.

NOW, THEREFORE BE IT RESOLVED that the City Council of the City of Pittsburg hereby authorizes the application for the BAAQMD Charge! Grant. Be it further resolved that the City Council authorizes the City Manager or his designee to execute all necessary forms for the purposes of securing payments, implementing and carrying out the purpose of this grant; and authorizes the Director of Finance to receive all awarded BAAQMD grant funds for the purpose of administering each program.
76 Resolution No. 23- Page 2 of 2 February 21, 2023
PASSED AND ADOPTED by the City Council of the City of Pittsburg at a regular meeting on the 21st day of February 2023, by the following vote:

AYES:

NOES:

ABSTAINED:

ABSENT:
_____________________________
Shanelle Scales-Preston, Mayor
ATTEST:
___________________________
Alice E. Evenson, City Clerk
77 78
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95 OFFICE OF THE CITY MANAGER/EXECUTIVE DIRECTOR
65 Civic Avenue
Pittsburg, CA 94565
TO: Mayor and Council Members
FROM: Garrett Evans, City Manager
SUBJECT: Adoption of a City Council Resolution Accepting the Plans and Specifications and Authorizing Award of Project 4066, 2022/2023 CDBG ADA Curb Ramp Installation Project
MEETING DATE: February 21, 2023

EXECUTIVE SUMMARY
Project 4066, 2022/2023 CDBG ADA Curb Ramp Installation Project (the “Project’) is for the construction of 32 curb ramps in the neighborhoods located in the Brookside Glen, Ridgeview Terrace, Hillview Estates and Rancho Los Medanos subdivisions. Adoption of this Resolution will accept the plans and specifications for the Project and authorize the City Manager to award a construction contract to Franco Engineering, Inc. of Tracy, California.

FISCAL IMPACT
The City Council previously approved allocation of $259,700 from Community Development Block Grant (CDBG) funds. This Resolution will authorize a construction contract for a total contract amount of $177,616 and authorize the use of $66,084 as construction contingency.

A Project Budget Summary is attached to this report.

RECOMMENDATION
City Council adopt the attached Resolution to accept the plans and specifications and authorizing the City Manager to execute a Contract for Project 4066 with Franco Engineering, Inc. for a total contract amount of $177,616 for construction of the Project.

Staff recommends the City Council adopt the Resolution establishing a construction contingency of $66,084 for unanticipated costs and to construct additional ramps.

Staff further recommends that the City Engineer be authorized to approve contract change orders for the Project for a total amount not to exceed 50% of the contingency and the City Manager be authorized to approve change orders for the Project for a total amount not to exceed 100% of the contingency amount.
96 BACKGROUND
On June 20, 2022, the City Council adopted Resolution 22-14118 approving the Community Development Block Grant 2022-2023 Annual Action Plan and approving the CDBG subcommittee recommendation and authorize funding the project in the amount of $259,700.

Advertising for the Project began on Wednesday, December 7, 2022. Bids for construction of the Project were opened on December 28, 2022. Franco Engineering, Inc. was the lowest responsive responsible bidder with a base bid in the amount of $177,616.

SUBCOMMITTEE FINDINGS
This item was not reviewed by a Subcommittee.

STAFF ANALYSIS
Staff received five bid proposals for the construction of the Project. The scope of work for the Project is for construction of 32 curb ramps in the Brookside Glen, Ridgeview Terrace, Hillview Estates and Rancho Los Medanos subdivisions.

The bids received have been checked for arithmetical errors, completeness, and conformance with the bid requirements. The bid proposal submitted by Franco Engineering, Inc. is responsive, competitive and the base bid is approximately one percent higher than the Engineer's estimate.

The contingency requested is higher than typical for this type of project in order to use the remaining grant funds available on the construction of additional curb ramps in authorized locations.

ATTACHMENTS: Resolution
Project Budget Summary
Report Prepared By: Andrew Peters, Assistant Engineer
97 Project Funding: 2022/2023 CDBG Grant $259,700
Funding Total $259,700
Project Expenditures:

Design: $0
(Code 2122)
Subtotal $0
Miscellaneous: Advertising $800
(Code 1399) Reproduction $100
Postage $100
Subtotal $1,000
Construction: Base Bid $177,616
(Code 2281) Construction Contingency $66,084
Subtotal $243,700
Staff Time: Staff Costs During Design $0
(Code 1101) $15,000
Subtotal $15,000
$259,700Estimated Expenditures Total
Project Budget Summary
Contract 2022-24, 2022/2023 CDBG ADA Curb Ramp Installation Project Project 4066
Consultant Design
Staff Costs During Construction Management
98 Resolution No. 23- Page 1 of 2 February 21, 2023

BEFORE THE CITY COUNCIL OF THE CITY OF PITTSBURG
In the Matter of:

Accepting the Plans and )
Specifications and Awarding Contract ) RESOLUTION NO. 23- for Project 4066, 2022/2023 CDBG )
ADA Curb Ramp Installation Project )

WHEREAS, Project 4066, 2022/2023 CDBG ADA Curb Ramp Installation Project (the “Project’) is for construction of 32 curb ramps in the Brookside Glen, Ridgeview Terrace, Hillview Estates and Rancho Los Medanos subdivisions; and WHEREAS, on June 20, 2022, the City Council adopted Resolution 22-14118 approving the Community Development Block Grant 2022-2023 Annual Action Plan and approving the CDBG subcommittee recommendation for funding the project in the amount of $259,700; and
WHEREAS, bids for construction of the Project were opened on December 28, 2022. Franco Engineering, Inc. was the lowest responsive responsible bidder with a base bid in the amount of $177,616; and
WHEREAS, staff recommends that the City Council accept the plans and specifications for the Project; and
WHEREAS, staff recommends that the City Council award the contract in the amount of $177,616 to Franco Engineering, Inc. for construction of the project; and WHEREAS, staff recommends authorizing the use of all available remaining funds as construction contingency in the amount of $66,084 for unforeseen expenses and construction of additional curb ramps as allowed within the Project budget; and WHEREAS, staff recommends that the City Engineer or his designee be authorized to approve contract change orders for this Project for a total amount not to exceed 50% of the contingency and the City Manager be authorized to approve change orders for this Project for a total amount not to exceed 100% of the contingency amount.

NOW, THEREFORE BE IT RESOLVED that the City Council hereby accepts the plans and specifications for the Project.

BE IT FURTHER RESOLVED that the City Council awards a contract in the amount of $177,616 to Franco Engineering, Inc. for construction of the Project and authorizes the City Manager to execute the contract.

BE IT FURTHER RESOLVED that the City Council authorizes the use of all available remaining funds as construction contingency in the amount of $66,084 for unforeseen expenses and to construct additional curb ramps. 99 Resolution No. 23- Page 2 of 2 February 21, 2023
BE IT FURTHER RESOLVED that the City Council authorizes the City Engineer or his designee to execute contract change orders for the Project for a total amount not to exceed 50% of the contingency amount and the City Manager is authorized to approve change orders for the Project for a total amount not to exceed 100% of the contingency amount.

PASSED AND ADOPTED by the City Council of the City of Pittsburg at a regular meeting on the 21st day of February 2023 by the following vote:

AYES:

NOES:

ABSTAINED:

ABSENT:

Shanelle Scales-Preston, Mayor
ATTEST BY:

Alice E. Evenson, City Clerk
100

OFFICE OF THE CITY MANAGER/EXECUTIVE DIRECTOR
65 Civic Avenue
Pittsburg, CA 94565
TO: Mayor and Council Members
FROM: Garrett Evans, City Manager
SUBJECT: Adoption of a City Council Resolution to Establish the 2023/2024 Annual Stormwater Utility Area Fee
MEETING DATE: February 21, 2023

EXECUTIVE SUMMARY
Each year, the City Council establishes the amount of the Stormwater Utility Area fee paid by property owners to support drainage maintenance and other activities required by the federal Clean Water Act and the City’s Joint Municipal Regional Permit for the National Pollutant Discharge Elimination System (NPDES) program. Staff recommends no change be made to the current fee, which is $30.00 per Equivalent Runoff Unit (ERU). No increase is proposed.

FISCAL IMPACT
Annual assessments are determined by issuing an “Equivalent Runoff Unit (ERU) multiplier” depending on what “ERU Group” a specific land use falls under. For example, a single- family home on a parcel between 5,000 to 20,000 sq. ft. (ERU Group “A”) = 1.0 ERU. That results in the homeowner paying $30.00 annually on their property tax. For most commercial parcels, including supermarkets, restaurants, car dealerships, etc. (ERU Group “J”) = 12 ERU/acre. Maintaining the SUA fee at $30.00 per ERU will allow the City to collect the maximum amount of NPDES funds to run the NPDES program as required. This rate allows the City to meet ongoing permit costs for fiscal year 2023/2024. The annual revenue to be generated from this assessment is projected to be $1.2 million.

RECOMMENDATION
City Council adopt the attached resolution establishing a Stormwater Utility Area fee rate of $30.00 per ERU for fiscal year 2023/2024 and request the Contra Costa County Flood Control and Water Conservation District to adopt an annual parcel assessment based on that rate to cover the City’s costs associated with its NPDES activities. 101

BACKGROUND
In 1987, the federal government began requiring NPDES permits for all non-point source discharges of stormwater runoff entering waters of the state. Permit compliance responsibilities are vested with the State Water Quality Control Board (SWQCB).

In 1993, the City joined with the Contra Costa County Flood Control and Water Conservation District, Contra Costa County, and 18 other cities to create the Contra Costa Clean Water Program (County Program) to effectively respond to federal and state requirements regulating local discharges of stormwater into the San Joaquin / Sacramento River Delta and other waters of the state.

As a member of the County Program, the City is required to fund its pro-rata share of County Program costs for regional activities as well as the City’s work to comply locally. In 1993, the City Council adopted Resolution 93-7913, authorizing the County Board of Supervisors to hold a public hearing and adopt Ordinance No. 93-47 to establish the Stormwater Utility Assessment Drainage Fee to help finance administrative and program activities necessary to comply with the NPDES Permit.

At that time, $30.00 was established as the maximum ERU rate for the City of Pittsburg.

The City established the initial ERU rate at $24.00. In 2005, the City Council approved Resolution 05-10273, to increase the rate to $30.00 for fiscal year 2005/2006, to cover program costs and has re-established the fee each year.

The Contra Costa County Flood Control and Water Conservation District assesses the fee on developed parcels within the City.

SUBCOMMITTEE FINDINGS
This item was not presented at a subcommittee.

STAFF ANALYSIS
Maintaining the ERU at the maximum $30.00 is necessary for the City to continue the activities required to comply with its NPDES permit. The current permit was adopted on May 11, 2022, and became effective July 1, 2022. This permit has a five-year term, which requires increased efforts to meet benchmark reductions for pollutants such as trash, PCBs, and mercury.

NPDES revenues pay for staff and materials for maintenance of the City’s drainage infrastructure and creek channels, stream bank erosion control, and inspection and monitoring programs to eliminate illicit discharges and illegal connections to the storm drain system.

ATTACHMENTS: Resolution
Report Prepared By: Jolan Longway, Clean Water Program Coordinator 102
Resolution No. 23- Page 1 of 2 February 21, 2023

BEFORE THE CITY COUNCIL OF THE CITY OF PITTSBURG
In the Matter of:

Adoption of a City Council Resolution
to Establish the FY 2023/2024 ) RESOLUTION NO. 23-- Annual Stormwater Utility Area Fee )

WHEREAS, under the federal Water Pollution Control Act (Clean Water Act), prescribed discharges of stormwater require a permit from the appropriate California Regional Water Quality Control Board under the National Pollutant Discharge Elimination System (NPDES) program; and
WHEREAS, the City has an NPDES permit that requires the implementation of selected Best Management Practices to minimize or eliminate pollutants from entering stormwaters; and
WHEREAS, it is the intent of the City to utilize funds received from its Stormwater Utility Area (SUA) fee for implementation of the NPDES program and drainage maintenance activities; and
WHEREAS, at the request of the City, the Contra Costa County Flood Control and Water Conservation District (District) has completed the process for formation of an SUA fee, including the adoption of the Stormwater Utility Assessment Drainage Ordinance No. 93-47; and
WHEREAS, the SUA fee and Program Group Costs Payment agreement between the City and District requires that the City annually, by May 1, determine the rate to be assessed to a single Equivalent Runoff Unit (ERU) for the forthcoming fiscal year.

NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Pittsburg hereby assigns a single Equivalent Runoff Unit (ERU) rate for FY 2023/2024 at $30.00, and the City Council hereby requests the District to adopt the SUA fee levies based on said amount.
103
Resolution No. 23- Page 2 of 2 February 21, 2023
PASSED, AND ADOPTED by the City Council of the City of Pittsburg at a regular meeting on the 21st day of February, 2023 by the following vote:

AYES:

NOES:

ABSTAINED:

ABSENT:
_________________________
Shanelle Scales-Preston, Mayor
ATTEST:
__________________________
Alice E. Evenson, City Clerk
104
Combined Agency/City Council Minutes Page 1 of 5 February 6, 2023

CITY OF PITTSBURG

CITY COUNCIL/AGENCY CONCURRENT MEETING MINUTES
DATE: February 6, 2023
LOCATION: Council Chamber, City Hall, 65 Civic Avenue, Pittsburg, CA 94565

CITY COUNCIL/AGENCY MEMBERS
Shanelle Scales-Preston, Mayor/Chair
Juan Antonio Banales, Vice-Mayor/Chair
Jelani Killings, Council/Agency Member
Dionne Adams, Council/Agency Member
Angelica Lopez, Council/Agency Member
S.L. Floyd, Agency Member
Annie Hill Herring, Agency Member

APPOINTED OFFICIALS
Garrett Evans, City Manager/Executive Director
Donna Mooney, City Attorney/Legal Counsel
Alice E. Evenson, City Clerk/Agency Secretary (elected) Nancy Parent, City Treasurer (elected)

ROLL CALL
All Members were present.

SPECIAL MEETING – GOALS WORKSHOP

1. Mayor Scales-Preston called a special meeting for a Goals Workshop to order at 5:08 P.M. in the City Council Chamber at City Hall, 65 Civic Avenue Pittsburg, CA.

Bruce Ohlson, Pittsburg, advised the Planning Commission should meet on a date other than Tuesday so that he can attend. He also asked the Council to encourage residents to use active transportation, like walking and bicycling.

Sara Foster, Pittsburg, hoped the City would include wildlife and habitat maintenance in their goals.

REGULAR MEETING
Mayor Scales-Preston called the regular meeting to order at 7:04 P.M. in the City Council Chamber at City Hall, 65 Civic Avenue Pittsburg, CA.

PLEDGE OF ALLEGIANCE
Dennisha Marsh led the Pledge of Allegiance.

PROCLAMATIONS

2. Black History Month
105
Combined Agency/City Council Minutes Page 2 of 5 February 6, 2023

3. Retirement – Coach Victor Galli

CITY MANAGER REPORTS/REMARKS
City Manager Evans stated he had nothing to report.

PUBLIC COMMENTS
Through an interpreter, Vanessa Hernandez Espinosa, Pittsburg, commented on conditions in her apartment complex where the landlord is evicting all tenants.

Through an interpreter, Joel Jimenez, Pittsburg, commented on conditions in his apartment complex where the landlord is evicting all tenants.

Through an interpreter, Francisca Castelluons, Pittsburg, commented on conditions in her apartment complex where the landlord is evicting all tenants.

Devin Williams, Antioch, on behalf of Alliance of Californians for Community Empowerment Action (ACCE) and the residents of Pittsburg, commented on the landlord’s actions at this apartment complex where they are evicting all tenants and subsequently preparing to raise the price of rents.

Through an interpreter, Antonio Cerda, Pittsburg, commented on conditions in his apartment complex where the landlord is evicting all tenants.

COMMITTEE REPORTS
Member Killings attended the PACF subcommittee meeting, the My Brother’s Keeper ad hoc subcommittee and the Los Medanos Healthcare Advisory committee meeting.

PUBLIC HEARING

4. Adoption of a City Council Resolution Adopting an Initial Study Mitigated Negative Declaration (ISMND) and Mitigation Monitoring and Reporting Program (MMRP), Introduction and Waive First Reading of an Ordinance Amending the Zoning Map to Establish a Limited Overlay District, and 3) Adoption of a Resolution Approving Use Permit and Design Review Applications for Blue Wave Car Wash, Located at 1160 E. Leland Road, Pittsburg, CA, 94565, AP-21-1562 (RZ, UP, DR)
On Motion by Member Killings, seconded by Vice-Mayor Banales to adopt the resolutions and waive first reading of the ordinance and carried unanimously.

CONSIDERATION

5. Adoption of a City Council Minute Order to Select Commission Appointments for Vacancies on the Planning Commission, Community Advisory Commission and Youth Advisory Commission
On Motion by Member Killings, seconded by Vice-Mayor Banales to appoint Janiah Joseph to the Youth Advisory Commission and was adopted unanimously. 106
Combined Agency/City Council Minutes Page 3 of 5 February 6, 2023 On Motion by Vice-Mayor Banales, seconded by Member Killings to re-appoint Elissa Robinson to the Planning Commission and was adopted unanimously.

On Motion by Vice-Mayor Banales, seconded by Member Adams to re-appoint Shavaun Tolliver to the Planning Commission and was adopted unanimously.

On Motion by Member Killings, seconded by Member Adams to appoint Donna Smith to the Planning Commission and was adopted unanimously.

On Motion by Member Lopez, seconded by Member Killings to re-appoint Ivelina Popova to the Planning Commission and was adopted unanimously.

On Motion by Vice-Mayor Banales, seconded by Member Lopez to appoint Donna Smith to the vacancy on the Planning Commission with the term expiring on February 28, 2023 and was adopted unanimously.

On Motion by Member Lopez, seconded by Vice-Mayor Banales to re-appoint Veronica Pope to the Community Advisory Commission and was adopted unanimously.

On Motion by Member Killings, seconded by Member Adams to appoint Roland Fernandez to the Community Advisory Commission and was adopted unanimously.

On Motion by Member Adams, seconded by Vice-Mayor Banales to re-appoint Dennisha Marsh to the Community Advisory Commission and was adopted unanimously.

On Motion by Member Lopez, seconded by Member Adams to appoint Jennifer Cruz to the Community Advisory Commission and was adopted unanimously.

6. Adoption of a City Council Resolution Approving the Sixth Amendment to the Franchise Agreement for Refuse and Recycling Collection and Disposal between Pittsburg Disposal and Debris Box Service, Inc. and the City of Pittsburg
On Motion by Member Killings, seconded by Member Lopez to adopt with the correction striking Section J3, and carried unanimously.

7. Adoption of a City Council Resolution to Approve and Allocate the Project Budget for Improvements to 340 Marina Blvd
On Motion by Mayor Scales-Preston, seconded by Member Killings to adopt and carried unanimously.

CONFLICT OF INTEREST STATEMENT
There were no conflicts of interest statements.

COMBINED CITY COUNCIL, PITTSBURG ARTS AND COMMUNITY FOUNDATION,

PITTSBURG POWER COMPANY, SOUTHWEST PITTSBURG GHAD II AND SUCCESSOR

AGENCY CONSENT CALENDAR
City Manager Evans asked that Item 17 be pulled and considered at a later date. 107
Combined Agency/City Council Minutes Page 4 of 5 February 6, 2023 Mayor/Chair Scales-Preston asked that Item 14 be pulled and considered separately.

Vice-Mayor/Chair Banales asked that Item 18 be pulled and considered separately.

On Motion by Vice-Mayor/Chair Banales, seconded by Member Killings to adopt without Items 14, 17 and 18 and carried unanimously.

8. Minutes of January 17, 2023, and Special Council Meeting of January 17, 2023

9. Adoption of a City Council Resolution Making Findings in Support of Continuing to Hold Public Subcommittee Meetings by Teleconference Pursuant to California Government Code Section 54953(e)

10. Adoption of a City Council Resolution Accepting the Plans and Specifications and Awarding Project 3123-Oak Hills Park Restroom

11. Adoption of a City Council Resolution Authorizing the Execution of Third Amendment to Consulting Services Agreement with Raney Planning & Management, Inc. for the Harbor View Subdivision

12. Adoption of both a City Council and Geological Hazard Abatement District II (GHAD II) Resolution to Amend the Amount and Terms of a Southwest Pittsburg GHAD II Loan to the City of Pittsburg and Authorize the Execution of an Agreement for the Purchase and Implementation of Accela Software for Business Licensing

13. Adoption of a City Council Resolution to Accept Project 3117—Patch Paving, Sealing and Striping as Complete and Authorize the City Engineer to File a Notice of Completion

15. Adoption of a City Council Resolution Establishing the Maximum Number of Condominium Conversions for Calendar Year 2023

16. Adoption of a City Council Resolution Authorizing the City Attorney to Execute Second Amendment to Outside Counsel Services Agreement with Leone & Alberts PC

17. Adoption of a City Council Resolution Approving the Second Amendment to the Agreement with Discovery Builders Inc. to Design and Construct a Recreational Facility The following items were considered separately:

14. Adoption of a City Council Resolution Authorizing the City Manager to Execute a Consultant Agreement with Gates and Associates for Design Services On Motion by Member Killings, seconded by Member Adams to adopt and carried unanimously.

18. Adoption of a City Council Resolution Adding the Position of Assistant City Attorney and Allocating Funding
On Motion by Vice Mayor/Chair Banales, seconded by Mayor/Chair Scales-Preston to send the item to the Finance Subcommittee for review and carried unanimously. 108
Combined Agency/City Council Minutes Page 5 of 5 February 6, 2023

COUNCIL REQUEST FOR FUTURE AGENDA ITEMS
There were no requests for future agenda items.

COUNCIL MEMBER REMARKS
There were no Member remarks.

ADJOURNMENT
The City Council adjourned at 8:48 P.M. to February 21, 2023.

Respectfully submitted,
Alice E. Evenson, City Clerk
109

OFFICE OF THE CITY MANAGER/EXECUTIVE DIRECTOR
65 Civic Avenue
Pittsburg, CA 94565
TO: Mayor and Council Members
FROM: Garrett Evans, City Manager
SUBJECT: Adoption of a City Council Resolution Rejecting All Bids for Project 3018–Police Department Security Fence
MEETING DATE: February 21, 2023

EXECUTIVE SUMMARY
Project 3018–Police Department Security Fence (the “Project”) is the installation of safety measures and electric vehicle chargers for the police department parking lot. The project would install a remote access security fence, lighting, electrical upgrades, and electric vehicle chargers. The City only received one bid for the construction of this project that was higher than the approved project budget amount. If adopted, this resolution will reject all bids for construction of the Project.

FISCAL IMPACT
There is no fiscal impact associated with this resolution.

RECOMMENDATION
City Council adopt the attached resolution to reject all bids for construction of the Project.

BACKGROUND
On February 7, 2022, the City Council adopted Resolution 22-14048 allocating $350,000 from the General Fund (Fund 110) to the Project.

On November 28, 2022, staff advertised the Project for bids.

On, December 20, 2022, construction bids were opened, and ALB, Inc. was the only company to submit a bid. ALB listed a base bid in the amount of $765,000 and an add alternate 1 bid in the amount of $499,126 for a total bid amount of $1,264,126. 110

SUBCOMMITTEE FINDINGS
This item was not presented to a subcommittee.

STAFF ANALYSIS
Staff received one bid proposal for project construction that was higher than the approved project budget of $350,000. Staff recommends rejecting all bids for the Project. If bids are rejected, City staff will reduce the scope of this project to construct a portion of the project within the approved budget amount.

ATTACHMENTS: Resolution

Report Prepared By: Gabriel Piña, Associate Engineer
111
Resolution No. 23- Page 1 of 1 February 21, 2023

BEFORE THE CITY COUNCIL OF THE CITY OF PITTSBURG
In the Matter of:

Adoption of a City Council Resolution )
Rejecting All Bids for the Construction )
of Project 3018–Police Department ) RESOLUTION NO. 23-
Security Fence )
WHEREAS, Project 3018–Police Department Security Fence (the “Project”) would install a remote access security fence, lighting, electrical upgrades, and electric vehicle chargers; and
WHEREAS, the engineers estimate for the construction of the base bid and add alternate 1 for the Project was $428,000; and
WHEREAS, on November 28, 2022, staff advertised the Project for bids; and WHEREAS, on December 20, 2022, project construction bids were opened and ALB, Inc. was the only company to submit a bid. Listed was a base bid in the amount of $765,000 and an add alternate 1 bid in the amount of $499,126 for a total bid amount of $1,264,126; and
WHEREAS, staff recommends that the City Council reject all bids for the construction of the Project.

NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of Pittsburg hereby rejects all bids for the construction of the Project.

PASSED AND ADOPTED by the City Council of the City of Pittsburg at a regular meeting on the 21st day of February 2023, by the following vote:

AYES:

NOES:

ABSTAINED:

ABSENT:

_____________________________
Shanelle Scales-Preston, Mayor
ATTEST:
_______________________________
Alice E. Evenson, City Clerk
112

OFFICE OF THE CITY MANAGER/EXECUTIVE DIRECTOR
65 Civic Avenue
Pittsburg, CA 94565
TO: Mayor and Council Members
FROM: Garrett Evans, City Manager
SUBJECT: Adoption of a City Council Resolution Authorizing Execution of the Second Amendment to the Consultant Services Agreement with Cal Engineering & Geology, Inc. for Staff Augmentation Services MEETING DATE: February 21, 2023

EXECUTIVE SUMMARY
The Engineering Division continues to experience shortages of qualified professionals to complete the increasing workload. To counteract this shortage of professionals, the Engineering Division entered into a Consultant Services Agreement (“Agreement”) with Cal Engineering & Geology, Inc. (CE&G) to provide the staff augmentation needed to keep the Capital Improvement Program (CIP) moving forward. The Second Amendment to the agreement will extend and increase current staffing levels to include a CIP Manager and traffic engineering support through June 30, 2023.

FISCAL IMPACT
The existing agreement amount with CE&G is $554,000. This second amendment will increase the agreement by $556,056 for a total not to exceed agreement amount of $1,110,056. Funding for this agreement is included in the adopted fiscal year 2022/23 operating budget using salary savings in the Engineering Division budget.

RECOMMENDATION
Staff recommends that the City Council adopt the attached resolution authorizing execution of the Second Amendment to the Agreement with Cal Engineering & Geology, Inc. for continued and expanded staff augmentation services in the Engineering Division. 113

BACKGROUND
On March 21, 2022, the City executed the Agreement with CE&G, Inc. to counteract a shortage of professionals due to retirements/seperations and provide staff augmentation services for the backlog of CIP projects.

On June 20, 2022, City Council adopted Resolution 22-12112, approving Contract Change Order No. 1, which extended the contract duration of the Assistant City Engineer augmentee and added a senior engineer consultant to manage special projects. The current agreement expired on December 31, 2022.

SUBCOMMITTEE FINDINGS
This item was not brought before a subcommittee.

STAFF ANALYSIS
The Engineering Division is experiencing a shortage of qualified professionals to keep the CIP and Traffic Sections moving forward and manage grant funded projects.

In addition to the retirement of two senior engineers, the recent departures of the Associate Traffic Engineer and the Capital Improvement Program Manager have left the Engineering Division with insufficient staffing levels. To counteract the overall shortage of professionals, the Engineering Division is utilizing consultants.

With active recruitments for permanent Engineering staff, staff expects a positive increase in staffing levels in early 2023.

ATTACHMENTS: Resolution
Second Amendment to Agreement with CE&G
Report Prepared By: Sharon Paz, Administrative Analyst ll 114
Resolution No. 23- Page 1 of 2 February 21, 2023

BEFORE THE CITY COUNCIL OF THE CITY OF PITTSBURG
In the Matter of:

Adoption of a City Council Resolution ) RESOLUTION 23- Authorizing Execution of the Second )
Amendment to the Consultant Services )
Agreement with Cal Engineering & Geology,)
Inc. for Staff Augmentation Services )
WHEREAS, to counteract the shortage of professionals, the Engineering Division utilizes consultants to perform the work typically undertaken by the Assistant City Engineer, three senior engineers, and an associate engineer; and WHEREAS, on March 21, 2022, the City Manager executed an initial consultant services agreement with Cal Engineering & Geology, Inc. for senior engineering staff augmentation in the amount of $75,000; and
WHEREAS, on June 20, 2022, the City Council adopted Resolution 22-14114, authorizing the City Manager to amend the Agreement by executing Contract Change Order No. 1, which increased and extended staff augmentation through December 31, 2022, at a cost of $479,000 for a total contract amount of $554,000; and WHEREAS, the City wishes to execute the Second Amendment, extending the Interim Assistant City Engineer and senior engineering staff augmentation services, and increasing the agreement scope to include a Capital Improvement Program Manager, a Senior Traffic Engineer, and a Traffic Engineer; and
WHEREAS, the total the amendment increases the agreement amount by $556,056, which will be funded by salary savings from unfilled Engineering Division staff positions budgeted for FY2022/23; and
WHEREAS, the total contract amount is $1,110,056, and the term is extended to June 30, 2023.

NOW, THEREFORE, BE IT RESOLVED that the City Council hereby authorizes the City Manager to execute the Second Amendment to the Consultant Services Agreement with Cal Engineering & Geology, Inc.
115
Resolution No. 23- Page 2 of 2 February 21, 2023 PASSED AND ADOPTED by the City Council of the City of Pittsburg at a regular meeting the 21st day of February 2023, by the following vote:

AYES:

NOES:

ABSTAINED:

ABSENT:
_____________________________
Shanelle Scales-Preston, Mayor
ATTEST:
__________________________
Alice E. Evenson, City Clerk
116

SECOND AMENDMENT TO

CONSULTING SERVICES AGREEMENT BETWEEN

CITY OF PITTSBURG
AND CAL ENGINEERING & GEOLOGY, INC.

This Second Amendment to the Principal Agreement made and entered into on March 21, 2022, hereafter referred to as Agreement, between Cal Engineering & Geology, Inc., a California corporation, therein referred to as Consultant, and the City of Pittsburg, a municipal corporation, therein referred to as City, is made and entered into on this 21st day of February, 2023.

WHEREAS, the parties entered into an Agreement for engineering services on March 21, 2022; and

WHEREAS, on August 1, 2022, the parties am ended the Agreement by executing Contract Change No. 1, to perform additional work and add $479,000 to the total compensation; and

WHEREAS, the parties seek to extend the term of the Agreement for the Assistant City Engineer and Senior Engineer services, add traffic engineering services and a Capit al Improvement Program Manager, and increase the compensation accordingly.

NOW, THEREFORE, Consultant and City do mutually agree as follows:

1. Term. Section 1.1 of the Agreement is hereby amended to read as follows:

The term of this Agreement shall begin on the Effective Date and shall end on June 30, 2023, or the date the Consultant completes the services specified in Exhibit A, whichever occurs first, unless th e term of the Agreement is otherwise terminated or extended, as referenced herein.

2. Compensation. Section 2 of the Agreement is hereby amended to read as follows:

City hereby agrees to pay Consultant a sum not to exceed One Million, One Hundred Ten Thousand, Fifty-Six Dollars ($1,110,056), as set forth in Exhibit B, attached hereto and incorporated herein for services to be performed and reimbursable expenses incurred under this Agreement. This dollar amount is not a guarantee that the City will pay that full amount to the Consultant, but is merely a limit of potential City expenditures under this Agreement.

3. Exhibit A Scope of Services. Exhibit A is hereby amended to add Attachment 1 of this Second Amendment.

4. Exhibit B Compensation Schedule. Exhibit B is hereby amended to add Attachment 2 of this Second Amendment.

5. Integration. This Second Amendment contains the entire agreement between the parties with respect to its subject matter and supersedes whatever oral or written 117

understanding they may have had prior to the execution of this Second Amendment. This Second Amendment shall not be amended or modified except by a written agreement executed by each of the parties. Except as specifically revised herein, all terms and conditions of the Agreement shall remain in full force and effect, and Consultant shall perform all duties, obligations and conditions required under the Agreement.

6. Inconsistencies. In the event of any conflict or inconsistency between the provisions of this Second Amendment and the Agreement, the provisions of this Second Amendment shall control in all respects.

7. Ambiguities. The parties have each carefully reviewed this Second Amendment and have agreed to each term of this Second Amendment. No ambiguity shall be presumed to be construed against either party.

8. Counterparts. This Second Amendment may be executed by the parties in one or more counterparts all of which collectively shall constitute one document and agreement.

9. Authority. The person signing this Second Amendment for Consultant hereby represents and warrants that he or she is fully authorized to sign this Second Amendment on behalf of Consultant.

IN WITNESS WHEREOF, the parties have entered into this Second Amendment on the day and year first hereinabove appearing.

118
119
Attachment 1

EXHIBIT A

SCOPE OF SERVICES
Consultant shall provide the following services:

Consultan t shall provide an Assistan t City Enginee r three days p er week for 192 hours total from January 7, 2023 through February 28, 2023.

Consultant shall a Senior Engineer up to four days per wee k for 832 hours total from January 7, 2023 through June 30, 2023.

Consultan t shall provide a Capita l Improvemen t Program Manage r full-time up to 880 hours total from February 1, 2023 through June 30, 2023.

Consultant shall provide a Senior Traffic Engineer up to 130 hours total from October 24, 2022, through January 9, 2023.

Consultan t shall provide a Traffi c Enginee r full-time up to 1,436 hou rs total from October 24, 2022, through June 30, 2023.

Consultan t shall provide a group project manage r for CE&G project finance s and scope up to four hours per month for 20 hours total through June 30, 2023 . 120

Attachment 2

EXHIBIT B

COMPENSATION SCHEDULE

Assistant City Engineer services will be compensated on a time and expense basis, at an hourly rate of $250.

Senior Engineer services will be compensated on a time and expense basis, at an hourly rate of $225.

Capital Improvement Program Manager servic es will be compensated on a time and expense basis, at an hourly rate of $185.

Senior Traffic Engineer services will be compensated on a time and expense basis, at an hourly rate of $225.

Traffic Engineer services will be compensated on a time and expenses basis, at an hourly rate of $165.

Project Manager services will be compensated on a time and expense basis, at an hourly rate of $210.

121

OFFICE OF THE CITY MANAGER/EXECUTIVE DIRECTOR
65 Civic Avenue
Pittsburg, CA 94565
TO: Mayor and Council Members
FROM: Garrett Evans, City Manager
SUBJECT: Receive and File the Treasurer’s Report for the Quarter Ending December 31, 2022
MEETING DATE: February 21, 2023

EXECUTIVE SUMMARY
Attached is the Treasurer’s Report for the fiscal quarter ending December 31, 2022. The report includes the combined detailed information of the City and the Successor Agency’s (Agency) investments, which are compliant with the City’s and Agency’s Investment Policies.

FISCAL IMPACT
The City’s expenditure requirements for the next six months are covered by anticipated revenues from City operations and liquidity from maturing investments. The difference between market value and cost as of December 31, 2022, will be reflected in the City’s financial statements for Fiscal Year 2022-23 as an adjustment to interest income for each of the City’s funds on a pro rata basis as required by Governmental Accounting Standards Board Statement Number 31. Due to the recent rise in interest rates available in the capital markets, value for existing holdings have fallen on paper and will not be realized. This drop in value had increased as inflationary pressure have continued to move rates higher. Market values change on a daily basis. The change in market value is considered temporary in nature, as the City mostly holds its investments until maturity, when they can be redeemed at par value.

RECOMMENDATION
City Council accept the Treasurer’s Report for the quarter ending December 31, 2022, for information purposes only.

BACKGROUND
Each fiscal quarter, an Investment Summary Report is required to be provided, by policy, to the City Council for review.
122

SUBCOMMITTEE FINDINGS
This item was not reviewed by a subcommittee.

STAFF ANALYSIS
The City’s objectives in order of priority, are to provide safety, ensure the preservation of capital, provide sufficient liquidity for cash needs and earn a competitive rate of return (yield) within the confines of the California Government Code and the Investment Policy. Chandler Asset Management is responsible for managing investments in accordance with the City’s investment policy. All portfolio holdings were held with investment grade securities.

The advisor-managed funds are comprised of operating funds managed in a Core Portfolio account, as well as several Non-Successor Agency bond-related funds. The City’s advisor works to achieve the City’s objectives by investing in high quality fixed income securities consistent with the City’s investment policy and California Government Code.

The Core Portfolio represents the City’s cash reserves. Its return objective is to enhance both interest income and principal value as measured by total return. Total return reflects the value added to the portfolio for a period of time from interest income, realized gains and losses, as well as unrealized gains and losses. The portfolio’s total return for the quarter was 0.87%, comparing to the City performance benchmark of 0.73%, the Intercontinental Exchange Bank of America Merrill Lynch (ICE BAML) 1-3 Year U.S. Treasury/Agency Index.

Since inception (7/31/2018), the portfolio’s total return through quarter end is 1.10%, which slightly overperformed the benchmark return of 0.85% for the same period. Total returns for the quarter and since inception reflect fluctuations in market value. 123
Governmental Accounting Standards Board Statement 31 requires the City to recognize the fair market value of its investments at the end of each fiscal year. The market values of investments included in this report were obtained from the State Controller’s office for Local Agency Investment Funds (LAIF), and from the City’s registered investment advisor and bond trustees for longer-term investments.

Attached is the Chandler Asset Management (CAM) Investment Report detailing an economic update, account profile and investment activity for the quarter ending December 31, 2022.

ATTACHMENTS: Letter from City Treasurer
Investment Report by Chandler Asset Management
Report Prepared By: Christina Nguyen, Accountant II
Report Reviewed By: Laura Mendez, Finance Manager of Reporting 124
125
CHANDLER ASSET MANAGEMENT, INC. | 800.317.4747 | www.chandlerasset.com

INVESTMENT REPORT
Period Ending December 31, 2022
City of Pittsburg
126
SECTION 1 Economic Update
SECTION 2 Account Profile
SECTION 3 Consolidated Information
SECTION 4 Portfolio Holdings
SECTION 5 Transactions
Table of Contents As of December 31, 2022
1 127
SECTION |
Section 1 |
Economic Update
2 128
Economic Update



Market volatility has intensified as investors weigh the probabilities of a hard or soft economic landing. Although the pace of job growth is moderating, a historically strong labor market has sustained economic expansion. Inflation metrics are trending downward but remain significantly higher than the Federal Reserve’s target. Financial conditions have eased, and credit spreads have narrowed over the last quarter. Geopolitical risks remain as the Russia/Ukraine war persists and China reopens, while domestically the debt ceiling risk has emerged. As uncertainty has grown, the consensus market view has diverged from the Federal Reserve’s projected rate path. While evidence of slower economic conditions has begun to mount, we believe the Federal Reserve will continue to tighten monetary policy at a slower pace and remain restrictive for some time, and uncertainty will continue to fuel market volatility.

As expected at the December 14th meeting, the Federal Open Market Committee (FOMC) raised the fed funds target rate by 50 basis points to a range of 4.25 – 4.50%, in a downshift from four consecutive 75 basis point hikes. The decision was unanimous, and there was no change to the November statement. The sentiment was hawkish, indicating that “ongoing increases” in the fed funds rate are likely appropriate and citing continued labor market imbalances. FOMC members forecasted a higher fed funds rate, slower GDP growth, higher inflation, and higher unemployment in 2023 than in the September projections. We believe the FOMC will continue to implement tighter monetary policy at a slower pace and hold rates at restrictive levels for some time until inflationary pressures subside and remain in the Fed’s target range.

In December, yields rose, and the curve became less inverted. The 2-year Treasury yield increased 12 basis points to 4.43%, the 5-year Treasury yield rose 27 basis points to 4.01%, and the 10-year Treasury yield climbed 27 basis points to 3.88%. The inversion between the 2-year Treasury yield and 10-year Treasury yield narrowed to -55 basis points at December month- end versus -71 basis points at November month-end. The spread was a positive 78 basis points one year ago. The inversion between 3-month and 10-year treasuries narrowed to -50 basis points in December from -74 basis points in November. The year 2022 saw a dramatic shift in the Federal Reserve’s policy from highly accommodative to aggressive tightening, resulting in significantly higher rates and an inverted yield curve. The shape of the yield curve indicates that the probability of recession is increasing.
3 129
Source: US Department of Labor Source: US Department of Labor Employment
The U.S. economy added 223,000 jobs in December, slightly higher than market expectations of 205,000, but a decline from November’s revised increase of 256,000. Trends in employment remain healthy, with the three-month moving average payrolls at 247,000and the six-month moving average at 307,000. Jobs in the goods producing sector were surprisingly strong, and leisure and hospitality employment growth remained solid. The unemployment rate dipped to 3.5%, returning to its pre-pandemic level. The labor participation rate increased only slightly to 62.3% in December from 62.1% in November, indicating the supply of labor remains challenging for employers. The U-6 underemployment rate, which includes those who are marginally attached to the labor force and employed part time for economic reasons declined to 6.5% from the prior month at 6.7%. Average hourly earnings rose 4.6% year-over-year in December, down from a revised 4.8% increase in November. Overall, the December employment report demonstrates a strong demand for labor and supports the case for the Fed to continue raising the federal funds rate, but perhaps at a slower pace. -200
-100
0 100
200
300
400
500
600
700
800
MOM Change In (000's)
Nonfarm Payroll (000's)
Non-farm Payroll (000's)
3 month average (000's)

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
Rate (%)
4 130
Source: US Department of Labor Source: US Department of Commerce Inflation
The Consumer Price Index (CPI) increased 6.5% year-over-year in December, down from a 7.1% year-over-year increase in November. The Core CPI, which excludes volatile food and energy components, rose 5.7% year-over-year in December, down from 6.0% in November. Gasoline prices decelerated materially, while shelter prices continued to rise. A shift in spending from goods to services continues to dampen merchandise prices. The Personal Consumption Expenditures (PCE) index rose 5.5% year-over-year in November, versus an upwardly revised

6.1% year-over-year gain in October. Core PCE increased 4.7% year-over-year in November versus a 5.0% year-over-year gain in October.

Declining inflationary trends should provide the Federal Reserve room to reduce the pace and magnitude of future federal funds rate hikes.

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
Personal Consumption Expenditures (PCE)
PCE Price Deflator YOY % Change
PCE Cor e Deflator Y OY % Change
YOY( %) Change

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
Consumer Price Index (CPI)
CPI YOY % Change
Core CPI YOY % Change
YOY( %) Change
5 131
Advance Retail Sales dropped 1.1% in December after a downward revision to a 1% decline in November, reflecting a loss of momentum in consumer demand for goods amid high inflation and shifting preferences toward services. Retail sales rose 6% year-over-year in December, unchanged from November’s year-over-year gain. Weakness was widespread among sectors. The Conference Board’s Consumer Confidence Index jumped more than expected to 108.3 in December from an upwardly revised 101.4 in November. Views of current conditions and the future outlook for the economy both improved as inflation expectations declined.

Source: US Department of Commerce Source: The Conference Board

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%
Retail Sales YOY % Change
YOY (%) Change
80 90
100
110
120
130
140
Index Level
Consumer Confidence
Consumer
6 132
Source: The Conference Board Source: Federal Reserve Bank of Chicago Economic Activity
The Conference Board’s Leading Economic Index (LEI) remained in negative territory for the tenth consecutive month at a worse than expected -1.0% in December, following a downwardly revised -1.1% in November. The LEI was down 7.4% year-over-over in December versus down 6.1% in November. The Conference Board cited widespread deterioration in the components of the index. The Chicago Fed National Activity Index (CFNAI) decreased to -0.05 in October from +0.17 in September indicating below trend growth over the month. On a 3-month moving average basis, the CFNAI moved down to +0.09 in October from an upwardly revised +0.19 in September. -0.50
-0.25

0.00 0.25

0.50 0.75

1.00 Chicago Fed National Activity Index (CFNAI)
3 Month Average
-1.5%
-1.0%
-0.5%

0.0%

0.5%

1.0%

1.5%
Leading Economic Indicators (LEI)
MOM ( %) Change
7 133
Source: US Department of Commerce Source: S&P
Housing
0 200
400
600
800
1000
1200
1400
1600
1800
2000
MOM Change (In Thousands of Units)
Housing Starts
Multi Family Housing Starts
Single Family Housing Starts

0.0%

3.0%

6.0%

9.0%

12.0%

15.0%

18.0%

21.0%

24.0%
S&P/Case-Shiller 20 City Composite Home Price Index
YOY( %) Change
Total housing starts fell 1.4% month-over-month in December to 1,382,000units and were down 21.8% compared to December 2021. The dip was entirely due to a 19% decline in starts of multi-unit homes but was somewhat offset by an increase in starts of single-family homes as mortgage rates eased. The 30-year fixed rate mortgage has dropped to an average of 5.95% according to Freddie Mac, down from a peak of over 7% in November. According to the Case-Shiller 20-City Home Price Index, the year-over-year increase continued its declining rate of gain to +8.6% in October from +10.4% in September, clearly displaying the impact of higher mortgage rates year-over-year, which have reduced demand for homebuying as affordability has declined.
8 134
Source: Institute for Supply Management Source: Federal Reserve Manufacturing
The Institute for Supply Management (ISM) manufacturing index declined to 48.4 in December from 49.0 in November. This is the second consecutive month of readings below 50.0,which is indicative of contraction in the manufacturing sector. The declining trend reflects sluggish demand amid economic uncertainty and easing price pressures in the goods sector. Industrial production fell 0.7% in December after a downward revision to -0.6% in November. The decrease was due to declines in production for manufacturing and mining, while utilities output rose sharply due to cold weather. This equates to a 1.65% increase from the prior year. Capacity utilization dropped to 78.8% in December from 79.4% in November and has fallen below the 1972-2021 average of 79.6%. 40 42
44 46
48 50
52 54
56 58
60 62
64 66
Institute of Supply Management Purchasing Manager Index

EXPANDING

CONTRACTING
-10.0%
-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%
Industrial Production
YOY( %) Change
9 135
Source: US Department of Commerce Source: US Department of Commerce 12/21 3/22 6/22 9/22

2.1% 0.9% 1.4% 1.5%

5.1% 1.0% -2.8% -1.8%
-0.2% -3.1% 1.2% 2.9%

0.0% -0.4% -0.2% 0.2%
-0.2% 0.0% -0.1% 0.4%

7.0% -1.6% -0.6% 3.2%
Net Exports and Imports
Total
Gross Private Domestic Investment
Personal Consumption Expenditures
Components of GDP
Federal Government Expenditures
State and Local (Consumption and Gross
Investment) -35.0%
-30.0%
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%
Gross Domestic Product (GDP)
GDP QOQ % Change
GDP YOY % Change
Gross Domestic Product (GDP)
According to the third estimate, GDP increased at an annualized rate of 3.2% in the third quarter, revised up from 2.9%. The upward revision reflects stronger personal consumption expenditures which rose 2.3% in the third quarter, up from 1.7% in the previous estimate, primarily due to continued strength in services spending. Business investment, state and local government spending, and net exports also contributed to the upward revision. The consensus estimate calls for 2.0% growth in the fourth quarter, 2.0% growth for the full year 2022,and 0.1% growth in the first quarter of 2023.
10 136
Federal Reserve
Source: Federal Reserve Source: Bloomberg
As expected at the December 14th meeting, the Federal Open Market Committee (FOMC) raised the fed funds target rate by 50 basis points to a range of 4.25 – 4.50%, in a downshift from four consecutive 75 basis point hikes. The decision was unanimous, and there was no change to the November statement. The sentiment was hawkish, indicating that “ongoing increases” in the fed funds rate are likely appropriate and citing continued labor market imbalances. The Summary of Economic Projections indicated a peak median forecast of 5.1% in 2023and no rate cuts until 2024;however, the market consensus diverged, implying rate cuts in the second half of 2023. FOMC members forecasted a higher fed funds rate, slower GDP growth, higher inflation, and higher unemployment in 2023 than in the September projections. We believe the FOMC will continue to implement tighter monetary policy at a slower pace and hold rates at restrictive levels for some time until inflationary pressures subside and remain in the Fed’s target range.

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%
Effective Federal Funds Rate
Yield (%)
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
Federal Reserve Balance Sheet Assets
In $ millions
11 137
Source: Bloomberg Source: Bloomberg

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%
US Treasury Note Yields
2-Year
5-Year
10-Year
Yield (%)

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%
US Treasury Yield Curve
Dec-22
Sep-22
Dec-21
Yield (%)
Bond Yields
At the end of December, the 2-year Treasury yield was 370 basis points higher, and the 10-Year Treasury yield was about 237 basis points higher, year-over-year. The inversion between the 2-year Treasury yield and 10-year Treasury yield narrowed to -55 basis points at December month-end versus -71 basis points at November month-end. The average historical spread (since 2003) is about +130 basis points. The inversion between 3-month and 10-year treasuries narrowed to -50 basis points in December from -74 basis points in November. The shape of the yield curve indicates that the probability of recession is increasing. 12 138
Section 2|SECTION |
Section 2 |
Account Profile
13 139
Objectives
Chandler Asset Management Performance Objective
The performance objective for the portfolio is to earn a total rate of return through a market cycle that is equal to or above the return on the benchmark index.

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

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

As of December 31, 2022
14 140
Compliance As of December 31, 2022
Category Standard Comment
U.S. Treasuries No Limitation; Full faith and credit of the U.S. are pledged for the payment of principal and interest Complies Federal Agencies
30% max per Agency/GSE issuer; 20% max agency callable securities; Federal agency or U.S. government-sponsored enterprise obligations, participations, or other instruments, including those issued by or fully guaranteed as to principal and interest by federal agencies or U.S. government-sponsored enterprises.

Complies
Supranational Obligations "AA" rating category or better by a NRSRO; 30% max; 10% max per issuer; USD denominated senior unsecured unsubordinated obligations; Issued or unconditionally guaranteed by IBRD, IFC, IADB Complies Municipal Securities (CA, Other States)
"A" rating category or better by a NRSRO; 30% max; 5% max per issuer; Obligations of the City, State of California and any local agency within the state; Bonds of any of the other 49 states in addition to California; Including bonds payable solely out of the revenues from a revenue-producing property owned, controlled, or operated by a state or by a department, board, agency, or authority of any of the other 49 states, in addition to California.

Complies
Corporate Medium Term Notes "A" rating category or better by a NRSRO; 30% max; 5% max per issuer; Issuer is a corporation organized and operating within the U.S. or by depository institutions licensed by the U.S. or any state and operating within the U.S Complies Asset-Backed, Mortgage-Backed,
Mortgage Pass-Through Securities,
Collateralized Mortgage Obligations
"AA" rating category or better by a NRSRO; 20% max (combined ABS/MBS/CMO); 5% max per Asset-Backed or Commercial Mortgage security issuer; From issuers not defined in US Treasury and Federal Agencies of the Eligible Investments section of the policy
Complies
Negotiable Certificates of Deposit (NCD)
The amount of NCD insured up to the FDIC limit does not require any credit ratings; Any amount above FDIC insured limit must be issued by institutions with "A-1" short-term debt rating or higher by a NRSRO; or "A" long-term rating category or higher by a NRSRO; 30% max; 5% max per issuer; Issued by a nationally or state-chartered bank, or a federal or state association, a state or federal credit union, or by a federally-licensed or state-licensed branch of a foreign bank.

Complies
Time Deposits (Non-negotiable &
Collateralized CD/TD)
"A" rated or one of the three highest rating categories by a NRSRO; 30% max; 5% max per issuer; 1 year max maturity; Non- negotiable time deposits that are FDIC insured or fully collateralized in financial institutions located in California, including US branches of foreign banks licensed to do business in California Complies
Banker’s Acceptances "A-1" rated or highest short-term rating category by a NRSRO; 40% max; 5% max per issuer; 180 days max maturity Complies Commercial Paper
"A-1" short-term ratings or higher by a NRSRO; "A" long-term rating category or higher by a NRSRO, if any; 25% max; Under a provision sunsetting on January 1, 2026, no more than 40% of the portfolio may be invested in Commercial Paper if the City’s investment assets under management are greater than $100 million; 5% max per issuer; 270 days max maturity; 10% max of the outstanding commercial paper of any single issuer; Issued by an entity that meets all the following conditions in either (1) or (2): 1. (a) organized and operating in the U.S. as a general corporation (b) has assets > $500 million; (c) "A" rating category or higher by a NRSRO, if any debt 2. (a) organized within the U.S. as a special purpose corporation, trust, or limited liability company; (b) has program-wide credit enhancements including, but not limited to, overcollateralization, letters of credit, or a surety bond; (c) "A-1" rating category or higher by a NRSRO.

Complies
City of Pittsburg Managed Consolidated
This portfolio is a consolidation of assets managed by Chandler Asset Management. Assets managed by Chandler Asset Management are in full compliance with state law and Client's investment policy. Chandler relies on City to provide accurate information for reporting assets and producing this compliance statement. 15 141
Compliance As of December 31, 2022
Category Standard Comment
Money Market Mutual Funds
Registered with SEC under Investment Company Act of 1940; issued by diversified management companies and meet either of the following criteria: (i) Highest rating by two NRSROs; or (ii) Retained an investment adviser registered or exempt from SEC registration with > 5 years experience managing money market mutual funds with AUM >$500 million; 20% max Money Market Funds; 10% max per Fund
Complies
Local Agency Investment Fund (LAIF) Maximum amount permitted by LAIF; Not used by investment adviser Complies California Asset Management Program
(CAMP)
Shares of beneficial interest issued by a joint powers authority pursuant to California Government Code; Not used by investment adviser Complies
Repurchase Agreements
Primary government securities dealers rated in one of the three highest categories by two NRSROs; Counterparties should also have: i) short-term rating in the highest category; ii) $25 billion minimum assets and $350 million in capital size; iii) 5 years audited financial results; iv) strong reputation; 15% max; 5% max per issuer; 90 days max maturity; 102% collateralized with U.S. Treasury or Federal Agency securities; Not used by investment adviser Complies
Prohibited
Investments not described in the policy, including but not limited to: Common stocks, Futures contracts, Options, Inverse floaters, Range notes, Mortgage derived Interest-only strips, or any security that could result in zero interest accrual securities if held to maturity; Purchase of any security not listed in Section 8-Eligible Investments of the Investment Policy, unless approved by the City Council
Complies
Max Per Issuer 5% of portfolio per issuer unless otherwise specified in the policy Complies Maximum Maturity 5 years, except as otherwise stated in the policy Complies City of Pittsburg Managed Consolidated
This portfolio is a consolidation of assets managed by Chandler Asset Management. Assets managed by Chandler Asset Management are in full compliance with state law and Client's investment policy. Chandler relies on City to provide accurate information for reporting assets and producing this compliance statement. 16 142
Account Structure As of December 31, 2022
Original Cost Market Value % of Portfolio
Funds Managed Internally
Cash Equivalents 10,857,411.02 10,857,411.02 4.85% Investment Pools 71,344,510.45 70,016,736.18 31.27% Additional Bonded Debt Funds 61,471,419.14 61,489,468.43 27.46% Total 143,673,340.61 142,363,615.63 63.58%
Funds Managed by City's Investment Advisor
Operating Funds 77,511,074.34 74,968,059.08 33.48% Bond Managed Reserve 4,129,204.03 4,140,568.33 1.85% Total 81,640,278.37 79,108,627.41 35.33% City's Section 115 Trust
Section 115 Trust 2,468,644.82 2,429,721.57 1.09% Total 2,468,644.82 2,429,721.57 1.09% Total City Funds 227,782,263.80 223,901,964.61 100.00% *Market value changes daily and is subject to a number of economic forces, including supply and demand, and can incur unrealized gains and losses. 17 143
Sector Allocation As of December 31, 2022
Security Type Original Cost Market Value % of PortfolioAverage Maturit Average Yield Operating Funds
Cash Equivalents 1 10,857,411.02 10,857,411.02 6.97% 1 N/A Money Market Funds 317,496.31 317,496.31 0.20% 1 3.74% Investment Pools2 71,344,510.45 70,016,736.18 44.93% 1 N/A Total Liquidity 82,519,417.78 81,191,643.51 52.10% 1 3.74% U.S. Treasury Notes 23,640,699.26 22,792,799.60 14.63% 792 2.03% Federal Agency Securities 26,374,798.67 25,739,784.19 16.52% 259 1.34% Negotiable Certificates of Deposit 2,999,986.98 2,984,524.00 1.92% 106 2.13% Medium-Term Corporate Notes 13,594,159.60 12,856,168.86 8.25% 642 1.35% Asset-Backed Securities 4,383,151.91 4,251,503.02 2.73% 1095 1.78% Commercial Paper 1,926,885.00 1,943,713.05 1.25% 193 5.45% Supranationals 2,621,023.95 2,452,501.18 1.57% 467 0.36% Collateralized Mortgage Obligations 1,652,872.66 1,629,568.87 1.05% 1278 3.98% Total Securities 77,193,578.03 74,650,562.77 47.90% 557 1.74% Total Operating Funds 159,712,995.81 155,842,206.28 100.00% 267 0.84% Bonded Debt Funds
Pittsburg Pension Bond 3,037,511.23 3,037,511.23 4.63% 1 4.08% Pittsburg AD Auto Mall 330,289.00 333,708.81 0.51% 51 3.63% Pittsburg AD Vista DM 761,403.80 769,348.29 1.17% 51 3.62% Additional Bonded Debt Funds 3 61,471,419.14 61,489,468.43 93.69% N/A N/A Total Bonded Debt Funds 65,600,623.17 65,630,036.76 100.00% 14 3.96% Section 115 Trust
Equity Mutual Fund 2 2,468,644.82 2,429,721.57 100.00% N/A N/A Total Section 115 Trust Funds 2,468,644.82 2,429,721.57 100.00% N/A N/A Total City Funds 227,782,263.80 223,901,964.61
1,2Funds not managed by City's investment adviser; 3Bonded Debt Funds not managed, nor tracked by City's investment adviser *Market value changes daily and is subject to a number of economic forces, including supply and demand, and can incur unrealized gains and losses. 18 144
Portfolio Characteristics
City of Pittsburg Managed Consolidated
12/31/22
Portfolio
09/30/22
Portfolio
Average Maturity (yrs) 1.52 1.51
Modified Duration 1.35 1.35
Average Purchase Yield 1.74% 1.42%
Average Market Yield 4.63% 4.15%
Average Quality* AA+/Aa1 AA+/Aa1
Market Value** 74,968,059 74,338,467
*Portfolio is S&P and Moody’s, respectively.
**Excludes accrued interest
As of December 31, 2022
19 145
Purchase Yield as of 12/31/22 = 1.41%

0.00 0.50

1.00 1.50

2.00 2.50
Percent (%)
Historical Average Purchase Yield
City of Pittsburg
As of December 31, 2022
20 146
Portfolio Characteristics
City of Pittsburg Bond Reserve Consolidated
12/31/22
Portfolio
09/30/22
Portfolio
Average Maturity (yrs) 0.04 0.28
Modified Duration 0.04 0.28
Average Purchase Yield 3.96% 2.85%
Average Market Yield 3.96% 2.85%
Average Quality* AAA/Aaa AAA/Aaa
Market Value** 4,140,568 4,110,910
*Portfolio is S&P and Moody’s, respectively.
**Excludes accrued interest
As of December 31, 2022
21 147
SECTION |
Section 3 |
Consolidated Information
22 148
City of Pittsburg Total Consolidated
Sector Distribution
ABS

1.9%
Agency

11.5%
Cash

32.3%
CMO

0.7%
Commercial
Paper

0.9%
Corporate

5.8%
Equity Mutual
Fund

1.1%
Investment Pool

31.2%
Money Market
Fund

1.5%
Negotiable CD

1.3%
Supranational

1.1%
US Treasury

10.7%
December 31, 2022 September 30, 2022
ABS

2.1%
Agency

12.1%
Cash

33.5%
CMO

0.2%Commercial
Paper

0.6%
Corporate

6.4%
Equity Mutual
Fund

1.0%
Investment Pool

28.3%
Money Market
Fund

0.1%
Negotiable CD

1.4%
Supranational

1.2%
US Treasury

13.0%
As of December 31, 2022
23 149
Issue Name Investment Type S&P Rating Moody Rating % Portfolio City of Pittsburg Cash NR NR 32.28%
City of Pittsburg Investment Pool NR NR 31.24%
Government of United States US Treasury AA+ Aaa 10.19%
Federal Home Loan Mortgage Corp Agency AA+ Aaa 3.52%
Federal Farm Credit Bank Agency AA+ Aaa 2.24%
Federal National Mortgage Association Agency AA+ Aaa 2.15% Federal Home Loan Bank Agency AA+ Aaa 1.75%
Wells Fargo Adv Tsy Plus Money Market Fund Money Market Fund AAA Aaa 1.37% Federal Home Loan Bank Agency A-1+ P-1 1.32%
City of Pittsburg PARS 115 Trust Equity Mutual Fund NR NR 1.08% Federal Home Loan Mortgage Corp CMO NR NR 0.73%
Intl Bank Recon and Development Supranational AAA Aaa 0.72% MUFG Bank Ltd/NY Commercial Paper A-1 P-1 0.65%
Westpac Banking Corp NY Negotiable CD A-1+ P-1 0.56%
Federal Home Loan Bank Agency NR Aaa 0.54%
Government of United States US Treasury A-1+ P-1 0.48%
Toronto Dominion Holdings Negotiable CD A-1+ P-1 0.45%
JP Morgan Chase & Co Corporate A- A1 0.41%
Deere & Company Corporate A A2 0.39%
Inter-American Dev Bank Supranational AAA Aaa 0.37%
Royal Bank of Canada Negotiable CD A-1+ P-1 0.34%
Toronto Dominion Holdings Corporate A A1 0.32%
Apple Inc Corporate AA+ Aaa 0.32%
Paccar Financial Corporate A+ A1 0.32%
Amazon.com Inc Corporate AA A1 0.32%
Bank of Montreal Chicago Corporate A- A2 0.31%
Charles Schwab Corp/The Corporate A A2 0.31%
Caterpillar Inc Corporate A A2 0.30%
John Deere ABS ABS NR Aaa 0.30%
Northern Trust Corp Corporate A+ A2 0.26%
MasterCard Inc Corporate A+ Aa3 0.25%
Bank of America Corp Corporate A- A2 0.24%
US Bancorp Corporate A+ A2 0.22%
Bank of New York Corporate A A1 0.22%
American Express ABS ABS AAA NR 0.22%
National Rural Utilities Corporate A- A1 0.22%
Duke Energy Field Services Corporate A Aa3 0.22%
Toyota Motor Corp Commercial Paper A-1+ P-1 0.22%
Issuers
City of Pittsburg Total Consolidated – Account #10638
As of December 31, 2022
24 150
Issue Name Investment Type S&P Rating Moody Rating % Portfolio Home Depot Corporate A A2 0.22%
Royal Bank of Canada Corporate A A1 0.21%
Target Corp Corporate A A2 0.21%
Hyundai Auto Receivables ABS AAA NR 0.20%
GM Financial Automobile Leasing Trust ABS AAA NR 0.19%
Toyota Motor Corp Corporate A+ A1 0.18%
Honda ABS ABS AAA NR 0.16%
Toyota ABS ABS NR Aaa 0.15%
Wells Fargo Advantage Govt Money Market Fund Money Market Fund AAA Aaa 0.14% Toyota ABS ABS AAA NR 0.12%
Honda ABS ABS NR Aaa 0.12%
Mercedes-Benz Auto Lease Trust ABS AAA NR 0.12%
United Health Group Inc Corporate A+ A3 0.11%
BMW ABS ABS AAA Aaa 0.08%
BMW Vehicle Lease Trust ABS AAA NR 0.08%
State Street Bank Corporate A A1 0.08%
BMW Vehicle Lease Trust ABS NR Aaa 0.07%
GM Financial Securitized Term Auto Trust ABS NR Aaa 0.07% Wal-Mart Stores Corporate AA Aa2 0.07%
Salesforce.com Inc Corporate A+ A2 0.05%
TOTAL 100%
Issuers
City of Pittsburg Total Consolidated – Account #10638
As of December 31, 2022
25 151
AAA AA A <A NR
12/31/22 7.1% 21.2% 5.1% 0.0% 66.6%
09/30/22 7.2% 22.6% 5.7% 0.0% 64.5%
Source: S&P Ratings
December 31, 2022 vs. September 30, 2022

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%
AAA AA A <A NR
12/31/22 09/30/22
Quality Distribution
City of Pittsburg Total Consolidated
As of December 31, 2022
26 152

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

45.0%

50.0%

55.0%

60.0%

65.0%

70.0%

75.0%
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ December 31, 2022 September 30, 2022
December 31, 2022 vs. September 30, 2022
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ 12/31/22 68.5% 3.8% 10.2% 9.3% 5.6% 2.1% 0.5% 0.0%
09/30/22 67.2% 2.6% 10.2% 12.3% 6.5% 1.0% 0.3% 0.0%
City of Pittsburg Total Consolidated
Duration Distribution As of December 31, 2022
27 153
SECTION |
Section 3 |
Portfolio Holdings
28 154
Holdings Report
City of Pittsburg Total Consolidated - Account #10638
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
47789KAC7 John Deere Owner Trust 2020-A A3

1.100% Due 08/15/2024
56,587.99 03/04/2020

1.11%
56,584.53
56,586.72

99.13 4.89%
56,093.60

27.67 0.03%
(493.12)
Aaa / NR
AAA

1.62 0.23
36262XAC8 GM Financial Auto Lease Trust 2021-3 A2

0.390% Due 10/21/2024
150,000.00 05/09/2022

2.83%
145,453.13
147,179.32

97.16 5.38%
145,735.58

17.88 0.07%
(1,443.74)

NR / AAA
AAA

1.81 0.57
58769KAD6 Mercedes-Benz Auto Lease Trust 2021-B A3

0.400% Due 11/15/2024
275,000.00 06/22/2021

0.40%
274,979.24
274,991.54

97.12 5.30%
267,073.76

48.89 0.12%
(7,917.78)

NR / AAA
AAA

1.88 0.59
09690AAC7 BMW Vehicle Lease Trust 2021-2 A3

0.330% Due 12/26/2024
170,557.76 09/08/2021

0.34%
170,540.16
170,550.18

97.72 5.25%
166,660.92

9.38 0.07%
(3,889.26)
Aaa / NR
AAA

1.99 0.46
89236XAC0 Toyota Auto Receivables 2020-D A3

0.350% Due 01/15/2025
111,781.82 10/06/2020

0.36%
111,760.99
111,771.84

98.25 4.95%
109,821.48

17.39 0.05%
(1,950.36)

NR / AAA
AAA

2.04 0.38
05601XAC3 BMW Vehicle Lease Trust 2022-1 A3

1.100% Due 03/25/2025
185,000.00 01/11/2022

1.11%
184,972.34
184,984.40

96.74 5.29%
178,976.34

33.92 0.08%
(6,008.06)

NR / AAA
AAA

2.23 0.78
43813GAC5 Honda Auto Receivables Trust 2021-1 A3

0.270% Due 04/21/2025
98,173.94 02/17/2021

0.27%
98,172.14
98,173.23

96.73 6.22%
94,964.19

7.36 0.04%
(3,209.04)
Aaa / NR
AAA

2.31 0.55
89240BAC2 Toyota Auto Receivables Owners 2021-A A3

0.260% Due 05/15/2025
350,323.18 02/02/2021

0.27%
350,258.15
350,297.94

97.42 4.82%
341,289.47

40.48 0.15%
(9,008.47)
Aaa / NR
AAA

2.37 0.56
36266FAC3 GM Financial Auto Lease Trust 2022-2 A3

3.420% Due 06/20/2025
295,000.00 05/03/2022

3.45%
294,969.23
294,978.26

97.83 5.23%
288,598.91
308.28

0.13%
(6,379.35)

NR / AAA
AAA

2.47 1.22
47788UAC6 John Deere Owner Trust 2021-A A3

0.360% Due 09/15/2025
174,440.45 03/02/2021

0.37%
174,406.93
174,423.80

96.55 5.21%
168,429.23

27.91 0.08%
(5,994.57)
Aaa / NR
AAA

2.71 0.71
43815EAC8 Honda Auto Receivables 2021-3 A3

0.410% Due 11/18/2025
365,000.00 08/17/2021

0.41%
364,994.67
364,996.90

95.39 5.35%
348,187.57

54.04 0.16%
(16,809.33)

NR / AAA
AAA

2.88 0.94
43815GAC3 Honda Auto Receivables Trust 2021-4 A3

0.880% Due 01/21/2026
185,000.00 11/16/2021

0.89%
184,961.00
184,974.26

94.91 5.11%
175,575.66

45.22 0.08%
(9,398.60)
Aaa / NR
AAA

3.06 1.22
47789QAC4 John Deere Owner Trust 2021-B A3

0.520% Due 03/16/2026
235,000.00 07/13/2021

0.52%
234,979.04
234,987.36

94.91 5.29%
223,033.26

54.31 0.10%
(11,954.10)
Aaa / NR
AAA

3.21 1.08
89238JAC9 Toyota Auto Receivables Trust 2021-D A3

0.710% Due 04/15/2026
175,000.00 11/09/2021

0.71%
174,996.27
174,997.56

94.21 5.70%
164,867.50

55.22 0.07%
(10,130.06)

NR / AAA
AAA

3.29 1.18
44935FAD6 Hyundai Auto Receivables Trust 2021-C A3

0.740% Due 05/15/2026
344,000.00 07/27/2022

3.53%
328,614.06
331,278.00

94.47 5.54%
324,961.70
113.14

0.15%
(6,316.30)

NR / AAA
AAA

3.37 1.17
05602RAD3 BMW Vehicle Owner Trust 2022-A A3

3.210% Due 08/25/2026
195,000.00 05/10/2022

3.23%
194,989.86
194,991.90

97.40 4.96%
189,937.62
104.33

0.08%
(5,054.28)
Aaa / AAA
NR

3.65 1.51
47787JAC2 John Deere Owner Trust 2022-A A3

2.320% Due 09/16/2026
230,000.00 03/10/2022

2.34%
229,949.12
229,960.70

95.91 5.12%
220,601.21
237.16

0.10%
(9,359.49)
Aaa / NR
AAA

3.71 1.48
As of December 31, 2022
29 155
Holdings Report
City of Pittsburg Total Consolidated - Account #10638
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
448977AD0 Hyundai Auto Receivables Trust 2022-A A3

2.220% Due 10/15/2026
136,000.00 05/02/2022

3.34%
132,685.00
133,389.95

95.56 5.13%
129,967.86
134.19

0.06%
(3,422.09)

NR / AAA
AAA

3.79 1.55
36265WAD5 GM Financial Securitized Auto 2022-3 A3

3.640% Due 04/16/2027
165,000.00 07/06/2022

3.67%
164,998.86
164,999.03

97.77 4.87%
161,323.21
250.25

0.07%
(3,675.82)
Aaa / NR
AAA

4.29 1.87
02582JJT8 American Express Credit Trust 2022-2 A

3.390% Due 05/17/2027
510,000.00 05/17/2022

3.42%
509,887.19
509,910.23

97.14 4.72%
495,403.95
768.40

0.22%
(14,506.28)

NR / AAA
AAA

4.38 2.22
TOTAL ABS 4,406,865.14 1.78%
4,383,151.91
4,388,423.12 5.18%
4,251,503.02
2,355.42

1.90%
(136,920.10)
Aaa / AAA
AAA

3.00 1.13
Agency
3133EKUA2 FFCB Note

1.850% Due 02/01/2023
700,000.00 07/23/2019

1.86%
699,825.00
699,995.79

99.80 4.19%
698,622.94
5,395.83

0.31%
(1,372.85)
Aaa / AA+
AAA

0.09 0.08
3133ELNW0 FFCB Note

1.450% Due 02/21/2023
1,000,000.00 02/19/2020

1.45%
999,970.00
999,998.60

99.62 4.18%
996,202.03
5,236.11

0.45%
(3,796.57)
Aaa / AA+
AAA

0.14 0.14
3137EAEQ8 FHLMC Note

0.375% Due 04/20/2023
1,000,000.00 06/03/2020

0.32%
1,001,440.00
1,000,149.49

98.75 4.57%
987,464.53
739.58

0.44%
(12,684.96)
Aaa / AA+
AAA

0.30 0.30
3137EAEQ8 FHLMC Note

0.375% Due 04/20/2023
1,000,000.00 08/25/2022

3.20%
981,970.00
991,707.72

98.75 4.57%
987,464.53
739.58

0.44%
(4,243.19)
Aaa / AA+
AAA

0.30 0.30
3137EAER6 FHLMC Note

0.375% Due 05/05/2023
975,000.00 05/05/2020

0.39%
974,590.50
974,953.54

98.62 4.45%
961,513.49
568.75

0.43%
(13,440.05)
Aaa / AA+
AAA

0.34 0.34
3135G04Q3 FNMA Note

0.250% Due 05/22/2023
1,470,000.00 Various

0.29%
1,468,435.30
1,469,796.95

98.33 4.59%
1,445,474.45
398.12

0.65%
(24,322.50)
Aaa / AA+
AAA

0.39 0.38
3133834G3 FHLB Note

2.125% Due 06/09/2023
1,000,000.00 06/14/2019

1.93%
1,007,470.00
1,000,817.43

98.89 4.71%
988,858.53
1,298.61

0.44%
(11,958.90)
Aaa / AA+
NR

0.44 0.43
313384GW3 FHLB Discount Note

3.250% Due 06/14/2023
1,000,000.00 08/25/2022

3.36%
973,638.89
985,194.45

98.52 3.36%
985,194.45

0.00 0.44%

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

0.45 0.44
3135G05G4 FNMA Note

0.250% Due 07/10/2023
910,000.00 07/08/2020

0.32%
908,043.50
909,660.52

97.65 4.83%
888,660.12
1,080.63

0.40%
(21,000.40)
Aaa / AA+
AAA

0.52 0.51
313384JQ3 FHLB Discount Note

3.270% Due 07/26/2023
2,000,000.00 08/25/2022

3.39%
1,939,323.33
1,962,576.66

98.13 3.39%
1,962,576.66

0.00 0.88%

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

0.57 0.56
3133EKZK5 FFCB Note

1.600% Due 08/14/2023
1,000,000.00 08/09/2019

1.63%
998,710.00
999,801.33

98.08 4.77%
980,840.43
6,088.89

0.44%
(18,960.90)
Aaa / AA+
AAA

0.62 0.60
3133EL3V4 FFCB Note

0.200% Due 08/14/2023
1,000,000.00 08/12/2020

0.27%
997,910.00
999,570.55

97.14 4.94%
971,432.65
761.11

0.43%
(28,137.90)
Aaa / AA+
AAA

0.62 0.60
3137EAEV7 FHLMC Note

0.250% Due 08/24/2023
1,040,000.00 08/19/2020

0.28%
1,038,939.20
1,039,772.96

97.09 4.87%
1,009,719.09
917.22

0.45%
(30,053.87)
Aaa / AA+
AAA

0.65 0.63
As of December 31, 2022
30 156
Holdings Report
City of Pittsburg Total Consolidated - Account #10638
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
3130ATB71 FHLB Note

3.625% Due 09/06/2023
1,200,000.00 09/27/2022

4.36%
1,192,035.60
1,194,207.71

99.14 4.92%
1,189,672.39
13,895.83

0.54%
(4,535.32)
Aaa / NR
NR

0.68 0.66
3130A3DL5 FHLB Note

2.375% Due 09/08/2023
1,000,000.00 08/29/2019

1.50%
1,033,950.00
1,005,773.81

98.34 4.86%
983,392.58
7,454.86

0.44%
(22,381.23)
Aaa / AA+
NR

0.69 0.66
3137EAEW5 FHLMC Note

0.250% Due 09/08/2023
1,210,000.00 Various

0.26%
1,209,535.70
1,209,894.09

96.99 4.76%
1,173,592.06
949.51

0.52%
(36,302.03)
Aaa / AA+
AAA

0.69 0.67
3133EMBS0 FFCB Note

0.200% Due 10/02/2023
1,000,000.00 09/28/2020

0.24%
998,810.00
999,702.23

96.49 5.00%
964,944.51
494.44

0.43%
(34,757.72)
Aaa / AA+
AAA

0.75 0.73
3137EAEY1 FHLMC Note

0.125% Due 10/16/2023
885,000.00 10/14/2020

0.25%
881,698.95
884,131.78

96.45 4.75%
853,571.46
230.47

0.38%
(30,560.32)
Aaa / AA+
AAA

0.79 0.77
3137EAEZ8 FHLMC Note

0.250% Due 11/06/2023
1,155,000.00 11/03/2020

0.28%
1,153,960.50
1,154,706.93

96.20 4.88%
1,111,164.00
441.15

0.50%
(43,542.93)
Aaa / AA+
AAA

0.85 0.83
3135G06H1 FNMA Note

0.250% Due 11/27/2023
1,020,000.00 11/23/2020

0.29%
1,018,837.20
1,019,650.21

96.06 4.75%
979,804.96
240.83

0.44%
(39,845.25)
Aaa / AA+
AAA

0.91 0.88
3137EAFA2 FHLMC Note

0.250% Due 12/04/2023
825,000.00 12/02/2020

0.28%
824,183.25
824,748.63

95.86 4.88%
790,839.94
154.69

0.35%
(33,908.69)
Aaa / AA+
AAA

0.93 0.90
3130A3VC5 FHLB Note

2.250% Due 12/08/2023
1,000,000.00 02/13/2020

1.46%
1,029,240.00
1,007,157.82

97.67 4.82%
976,736.98
1,437.50

0.44%
(30,420.84)
Aaa / AA+
NR

0.94 0.91
3135G0V34 FNMA Note

2.500% Due 02/05/2024
600,000.00 01/30/2020

1.44%
624,768.00
606,757.98

97.63 4.75%
585,780.68
6,083.33

0.26%
(20,977.30)
Aaa / AA+
AAA

1.10 1.05
3130A7PH2 FHLB Note

1.875% Due 03/08/2024
1,000,000.00 03/03/2020

0.85%
1,040,350.00
1,011,898.43

96.63 4.83%
966,259.06
5,885.42

0.43%
(45,639.37)
Aaa / AA+
NR

1.19 1.14
3133ENKS8 FFCB Note

1.125% Due 01/06/2025
425,000.00 01/06/2022

1.20%
424,043.75
424,354.90

93.49 4.55%
397,319.51
2,324.22

0.18%
(27,035.39)
Aaa / AA+
AAA

2.02 1.94
3135G05X7 FNMA Note

0.375% Due 08/25/2025
1,000,000.00 03/07/2022

1.78%
953,120.00
964,191.97

90.27 4.30%
902,682.16
1,312.50

0.40%
(61,509.81)
Aaa / AA+
AAA

2.65 2.58
TOTAL Agency 26,415,000.00 1.34%
26,374,798.67
26,341,172.48 4.55%
25,739,784.19
64,129.18

11.51%
(601,388.29)
Aaa / AA+
AAA

0.71 0.69
Cash
90PITT$00 City of Pittsburg Cash Equivalents 10,857,411.02 Various

0.00%
10,857,411.02
10,857,411.02

1.00 0.00%
10,857,411.02

0.00 4.84%

0.00 NR / NR
NR

0.00 0.00
As of December 31, 2022
31 157
Holdings Report
City of Pittsburg Total Consolidated - Account #10638
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
90PITT$02 City of Pittsburg Additional Bonded Debt Funds 61,471,419.14 Various

0.00%
61,471,419.14
61,471,419.14

1.00 0.00%
61,489,468.43

0.00 27.43%
18,049.29

NR / NR
NR

0.00 0.00
TOTAL Cash 72,328,830.16 0.00%
72,328,830.16
72,328,830.16 0.00%
72,346,879.45

0.00 32.28%
18,049.29

NR / NR
NR

0.00 0.00
CMO
3137BM7C4 FHLMC K051 A2

3.308% Due 09/25/2025
500,000.00 05/16/2022

2.96%
503,886.72
503,152.09

96.63 4.65%
483,137.40
1,378.33

0.22%
(20,014.69)

NR / NR
AAA

2.74 2.42
3137BSP72 FHLMC K058 A2

2.653% Due 08/25/2026
710,000.00 11/29/2022

4.53%
664,903.91
665,915.03

93.79 4.52%
665,897.36
1,569.69

0.30%
(17.67)

NR / NR
AAA

3.65 3.36
3137BVZ82 FHLMC K063

3.430% Due 01/25/2027
500,000.00 12/05/2022

4.29%
484,082.03
484,324.81

96.11 4.50%
480,534.11
1,429.17

0.22%
(3,790.70)

NR / NR
AAA

4.07 3.58
TOTAL CMO 1,710,000.00 3.98%
1,652,872.66
1,653,391.93 4.55%
1,629,568.87
4,377.19

0.73%
(23,823.06)

NR / NR
AAA

3.50 3.15
Commercial Paper
62479MUE1 MUFG Bank Ltd/NY Discount CP

5.240% Due 07/14/2023
1,500,000.00 11/03/2022

5.47%
1,444,980.00
1,457,643.33

97.18 5.47%
1,457,643.33

0.00 0.65%

0.00 P-1 / A-1
NR

0.53 0.52
89233HUE2 Toyota Motor Credit Discount CP

5.170% Due 07/14/2023
500,000.00 11/03/2022

5.40%
481,905.00
486,069.72

97.21 5.40%
486,069.72

0.00 0.22%

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

0.53 0.52
TOTAL Commercial Paper 2,000,000.00 5.45%
1,926,885.00
1,943,713.05 5.45%
1,943,713.05

0.00 0.87%

0.00 P-1 / A-1
F-1

0.53 0.52
Corporate
69371RQ41 Paccar Financial Corp Note

1.900% Due 02/07/2023
500,000.00 10/31/2019

1.90%
499,975.00
499,999.22

99.71 4.80%
498,538.25
3,800.00

0.22%
(1,460.97)
A1 / A+
NR

0.10 0.10
24422EVN6 John Deere Capital Corp Note

0.450% Due 01/17/2024
485,000.00 03/01/2021

0.47%
484,655.65
484,874.93

95.64 4.78%
463,852.89
994.25

0.21%
(21,022.04)
A2 / A
A

1.05 1.02
91159HHG8 US Bancorp Callable Note Cont 12/29/2023

3.700% Due 01/30/2024
500,000.00 11/27/2019

2.03%
532,435.00
507,890.77

98.72 4.93%
493,585.72
7,759.72

0.22%
(14,305.05)
A2 / A+
A+

1.08 1.03
69371RR24 Paccar Financial Corp Note

0.350% Due 02/02/2024
225,000.00 01/28/2021

0.39%
224,739.00
224,905.37

95.15 4.99%
214,095.14
325.94

0.10%
(10,810.23)
A1 / A+
NR

1.09 1.06
637432NL5 National Rural Utilities Callable Note Cont 12/7/2023

2.950% Due 02/07/2024
500,000.00 04/06/2022

2.77%
501,470.00
500,822.04

97.74 5.08%
488,719.11
5,900.00

0.22%
(12,102.93)
A1 / A-
A+

1.10 1.05
As of December 31, 2022
32 158
Holdings Report
City of Pittsburg Total Consolidated - Account #10638
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
808513BN4 Charles Schwab Corp Callable Note Cont 2/18/2024

0.750% Due 03/18/2024
725,000.00 Various

0.69%
726,181.50
725,457.14

95.07 4.99%
689,243.00
1,555.73

0.31%
(36,214.14)
A2 / A
A

1.21 1.18
023135BW5 Amazon.com Inc Note

0.450% Due 05/12/2024
750,000.00 Various

0.67%
745,836.00
747,739.26

94.22 4.88%
706,685.97
459.38

0.32%
(41,053.29)
A1 / AA
AA-

1.36 1.33
91324PEB4 United Health Group Inc Callable Note Cont 5/15/2022

0.550% Due 05/15/2024
250,000.00 11/08/2021

0.78%
248,565.00
249,217.56

94.39 4.83%
235,962.84
175.69

0.11%
(13,254.72)
A3 / A+
A

1.37 1.34
14913R2L0 Caterpillar Financial Service Note

0.450% Due 05/17/2024
715,000.00 05/10/2021

0.50%
714,041.90
714,561.16

94.13 4.91%
673,047.95
393.25

0.30%
(41,513.21)
A2 / A
A

1.38 1.34
24422EVQ9 John Deere Capital Corp Note

0.450% Due 06/07/2024
425,000.00 06/07/2021

0.49%
424,468.75
424,745.80

94.02 4.82%
399,582.35
127.50

0.18%
(25,163.45)
A2 / A
A

1.44 1.40
89114QCA4 Toronto Dominion Bank Note

2.650% Due 06/12/2024
750,000.00 04/23/2021

0.65%
796,327.50
771,419.37

96.77 4.99%
725,802.93
1,048.96

0.32%
(45,616.44)
A1 / A
AA-

1.45 1.39
06051GJY6 Bank of America Corp Callable Note Cont 6/14/2023

0.523% Due 06/14/2024
540,000.00 06/07/2021

0.52%
540,036.00
540,008.09

97.63 4.80%
527,218.61
133.37

0.24%
(12,789.48)
A2 / A-
AA-

1.45 1.40
89236TJH9 Toyota Motor Credit Corp Note

0.500% Due 06/18/2024
425,000.00 06/15/2021

0.54%
424,494.25
424,753.59

93.85 4.90%
398,866.07

76.74 0.18%
(25,887.52)
A1 / A+
A+

1.47 1.43
06367TQW3 Bank of Montreal Note

0.625% Due 07/09/2024
750,000.00 09/10/2021

0.65%
749,392.50
749,672.34

93.49 5.12%
701,194.85
2,239.58

0.31%
(48,477.49)
A2 / A-
AA-

1.52 1.47
79466LAG9 Salesforce.com Inc Callable Note Cont 7/15/2022

0.625% Due 07/15/2024
115,000.00 06/29/2021

0.64%
114,941.35
114,970.06

93.84 4.83%
107,917.03
331.42

0.05%
(7,053.03)
A2 / A+
NR

1.54 1.49
037833DM9 Apple Inc Callable Note Cont 8/11/2024

1.800% Due 09/11/2024
750,000.00 08/18/2021

0.58%
776,857.50
764,528.25

95.24 4.76%
714,268.81
4,125.00

0.32%
(50,259.44)
Aaa / AA+
NR

1.70 1.63
78015K7C2 Royal Bank of Canada Note

2.250% Due 11/01/2024
500,000.00 05/19/2021

0.73%
525,750.00
513,692.46

95.37 4.92%
476,855.53
1,875.00

0.21%
(36,836.93)
A1 / A
AA-

1.84 1.76
46647PBY1 JP Morgan Chase & Co Callable Note Cont 2/16/2024

0.563% Due 02/16/2025
390,000.00 02/09/2021

0.56%
390,000.00
390,000.00

94.34 5.12%
367,913.08
823.39

0.16%
(22,086.92)
A1 / A-
AA-

2.13 2.05
57636QAN4 MasterCard Inc Callable Note 1x 02/03/2025

2.000% Due 03/03/2025
600,000.00 10/28/2021

1.04%
618,294.00
611,745.06

94.52 4.68%
567,129.28
3,933.33

0.25%
(44,615.78)
Aa3 / A+
NR

2.17 2.07
87612EBL9 Target Corp Callable Note Cont 4/15/25

2.250% Due 04/15/2025
500,000.00 02/17/2022

2.08%
502,465.00
501,774.27

94.88 4.63%
474,424.94
2,375.00

0.21%
(27,349.33)
A2 / A
A

2.29 2.18
437076CM2 Home Depot Callable Note Cont 3/15/2025

2.700% Due 04/15/2025
500,000.00 03/24/2022

2.76%
499,125.00
499,344.14

95.87 4.62%
479,327.85
2,850.00

0.22%
(20,016.29)
A2 / A
A

2.29 2.17
As of December 31, 2022
33 159
Holdings Report
City of Pittsburg Total Consolidated - Account #10638
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
06406RBC0 Bank of NY Mellon Corp Callable Note Cont 3/25/2025

3.350% Due 04/25/2025
510,000.00 04/19/2022

3.35%
509,928.60
509,944.90

96.89 4.78%
494,161.94
3,132.25

0.22%
(15,782.96)
A1 / A
AA-

2.32 2.18
46647PCH7 JP Morgan Chase & Co Callable Note Cont 6/1/2024

0.824% Due 06/01/2025
600,000.00 05/24/2021

0.78%
600,777.60
600,366.81

93.23 5.28%
559,366.05
412.00

0.25%
(41,000.76)
A1 / A-
AA-

2.42 2.32
26442UAA2 Duke Energy Progress LLC Callable Note Cont 5/15/25

3.250% Due 08/15/2025
500,000.00 04/18/2022

3.21%
500,605.00
500,466.84

96.43 4.71%
482,167.86
6,138.89

0.22%
(18,298.98)
Aa3 / A
NR

2.62 2.44
931142EW9 Wal-Mart Stores Note

3.900% Due 09/09/2025
155,000.00 09/06/2022

3.92%
154,891.50
154,902.79

98.48 4.50%
152,646.70
1,880.67

0.07%
(2,256.09)
Aa2 / AA
AA

2.69 2.49
857477BR3 State Street Bank Callable Note Cont 2/6/2025

1.746% Due 02/06/2026
190,000.00 02/02/2022

1.75%
190,000.00
190,000.00

93.13 5.24%
176,939.95
1,336.18

0.08%
(13,060.05)
A1 / A
AA-

3.10 2.00
665859AW4 Northern Trust Company Callable Note Cont 4/10/2027

4.000% Due 05/10/2027
600,000.00 09/12/2022

4.08%
597,906.00
598,040.34

97.78 4.57%
586,654.16
3,400.00

0.26%
(11,386.18)
A2 / A+
A+

4.36 3.93
TOTAL Corporate 13,450,000.00 1.35%
13,594,159.60
13,515,842.56 4.87%
12,856,168.86
57,603.24

5.76%
(659,673.70)
A1 / A
A+

1.76 1.67
Equity Mutual Fund
90PARS$00 City of Pittsburg PARS 115 Trust 2,468,644.82 Various

0.00%
2,468,644.82
2,468,644.82

0.98 0.00%
2,429,721.57

0.00 1.08%
(38,923.25)

NR / NR
NR

0.00 0.00
TOTAL Equity Mutual Fund 2,468,644.82 0.00%
2,468,644.82
2,468,644.82 0.00%
2,429,721.57

0.00 1.08%
(38,923.25)

NR / NR
NR

0.00 0.00
Investment Pool
90PITT$01 City of Pittsburg Investment Pools 71,344,510.45 Various

0.00%
71,344,510.45
71,344,510.45

0.98 0.00%
70,016,736.18

0.00 31.24%
(1,327,774.27)

NR / NR
NR

0.00 0.00
TOTAL Investment Pool 71,344,510.45 0.00%
71,344,510.45
71,344,510.45 0.00%
70,016,736.18

0.00 31.24%
(1,327,774.27)

NR / NR
NR

0.00 0.00
Money Market Fund
94975H254 Wells Fargo Money Market Fund #743 90,439.88 Various

3.74%
90,439.88
90,439.88

1.00 3.74%
90,439.88

0.00 0.04%

0.00 Aaa / AAA
NR

0.00 0.00
As of December 31, 2022
34 160
Holdings Report
City of Pittsburg Total Consolidated - Account #10638
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
94975H296 Wells Fargo Treasury Plus MMFD 453 18,246.97 Various

4.08%
18,246.97
18,246.97

1.00 4.08%
18,246.97

0.00 0.01%

0.00 Aaa / AAA
NR

0.00 0.00
94975H296 Wells Fargo Treasury Plus MMFD 453 10,387.05 Various

4.08%
10,387.05
10,387.05

1.00 4.08%
10,387.05

0.00 0.00%

0.00 Aaa / AAA
NR

0.00 0.00
94975H296 Wells Fargo Treasury Plus MMFD 453 3,037,511.23 Various

4.08%
3,037,511.23
3,037,511.23

1.00 4.08%
3,037,511.23

0.00 1.36%

0.00 Aaa / AAA
NR

0.00 0.00
94975H254 Wells Fargo Money Market Fund #743 227,056.43 Various

3.74%
227,056.43
227,056.43

1.00 3.74%
227,056.43

0.00 0.10%

0.00 Aaa / AAA
NR

0.00 0.00
TOTAL Money Market Fund 3,383,641.56 4.05%
3,383,641.56
3,383,641.56 4.05%
3,383,641.56

0.00 1.51%

0.00 Aaa / AAA
NR

0.00 0.00
Negotiable CD
96130ALV8 Westpac Banking Corp NY Yankee CD

1.080% Due 02/07/2023
1,250,000.00 02/07/2022

1.08%
1,250,000.00
1,250,000.00

99.64 4.44%
1,245,528.75
12,300.00

0.56%
(4,471.25)
P-1 / A-1+
F-1

0.10 0.10
78012U3M5 Royal Bank of Canada Yankee CD

1.350% Due 02/14/2023
750,000.00 02/11/2022

1.35%
750,000.00
750,000.00

99.60 4.50%
747,017.25
9,028.13

0.34%
(2,982.75)
P-1 / A-1+
F-1+

0.12 0.12
89115BK66 Toronto Dominion Bank Yankee CD

4.020% Due 08/22/2023
1,000,000.00 08/24/2022

4.02%
999,986.98
999,991.62

99.20 5.22%
991,978.00
14,740.00

0.45%
(8,013.62)
P-1 / A-1+
F-1+

0.64 0.62
TOTAL Negotiable CD 3,000,000.00 2.13%
2,999,986.98
2,999,991.62 4.71%
2,984,524.00
36,068.13

1.35%
(15,467.62)
Aaa / AAA
AAA

0.29 0.28
Supranational
459058JM6 Intl. Bank Recon & Development Note

0.250% Due 11/24/2023
925,000.00 Various

0.28%
924,231.25
924,772.29

96.12 4.72%
889,071.70
237.67

0.40%
(35,700.59)
Aaa / AAA
AAA

0.90 0.88
459058GQ0 Intl. Bank Recon & Development Note

2.500% Due 03/19/2024
750,000.00 01/26/2021

0.26%
802,455.00
770,277.11

97.24 4.86%
729,283.90
5,312.50

0.33%
(40,993.21)
Aaa / AAA
AAA

1.22 1.17
4581X0DZ8 Inter-American Dev Bank Note

0.500% Due 09/23/2024
895,000.00 09/15/2021

0.52%
894,337.70
894,618.69

93.20 4.64%
834,145.58
1,218.19

0.37%
(60,473.11)
Aaa / AAA
NR

1.73 1.68
TOTAL Supranational 2,570,000.00 0.36%
2,621,023.95
2,589,668.09 4.74%
2,452,501.18
6,768.36

1.10%
(137,166.91)
Aaa / AAA
AAA

1.28 1.24
US Treasury
912796T33 US Treasury Bill

3.507% Due 02/23/2023
325,000.00 09/14/2022

3.61%
319,901.95
323,321.76

99.48 3.61%
323,321.76

0.00 0.14%

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

0.15 0.15
912796T33 US Treasury Bill

3.507% Due 02/23/2023
755,000.00 09/14/2022

3.61%
743,156.83
751,101.32

99.48 3.61%
751,101.32

0.00 0.34%

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

0.15 0.15
As of December 31, 2022
35 161
Holdings Report
City of Pittsburg Total Consolidated - Account #10638
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
912828R69 US Treasury Note

1.625% Due 05/31/2023
2,000,000.00 08/26/2022

3.26%
1,975,859.38
1,986,832.39

98.82 4.51%
1,976,484.00
2,857.14

0.88%
(10,348.39)
Aaa / AA+
AAA

0.41 0.41
912828T26 US Treasury Note

1.375% Due 09/30/2023
1,000,000.00 09/27/2022

4.31%
971,445.31
978,836.85

97.56 4.73%
975,625.00
3,513.05

0.44%
(3,211.85)
Aaa / AA+
AAA

0.75 0.73
912828T91 US Treasury Note

1.625% Due 10/31/2023
700,000.00 09/25/2019

1.60%
700,628.91
700,127.38

97.52 4.70%
682,636.50
1,948.20

0.31%
(17,490.88)
Aaa / AA+
AAA

0.83 0.81
91282CBA8 US Treasury Note

0.125% Due 12/15/2023
1,000,000.00 01/08/2021

0.22%
997,148.44
999,070.84

95.79 4.68%
957,930.00

58.38 0.43%
(41,140.84)
Aaa / AA+
AAA

0.96 0.93
91282CBV2 US Treasury Note

0.375% Due 04/15/2024
1,000,000.00 04/14/2021

0.36%
1,000,351.56
1,000,150.76

94.66 4.69%
946,641.00
803.57

0.42%
(53,509.76)
Aaa / AA+
AAA

1.29 1.26
91282CCC3 US Treasury Note

0.250% Due 05/15/2024
650,000.00 05/12/2021

0.36%
647,968.75
649,071.64

94.16 4.69%
612,041.30
210.98

0.27%
(37,030.34)
Aaa / AA+
AAA

1.37 1.34
91282CCG4 US Treasury Note

0.250% Due 06/15/2024
1,000,000.00 06/28/2021

0.46%
993,750.00
996,932.76

93.89 4.64%
938,906.00
116.76

0.42%
(58,026.76)
Aaa / AA+
AAA

1.46 1.42
91282CCL3 US Treasury Note

0.375% Due 07/15/2024
1,000,000.00 08/05/2021

0.37%
1,000,273.44
1,000,142.83

93.71 4.65%
937,148.00
1,732.34

0.42%
(62,994.83)
Aaa / AA+
AAA

1.54 1.50
91282CCT6 US Treasury Note

0.375% Due 08/15/2024
1,000,000.00 09/10/2021

0.42%
998,632.81
999,241.45

93.46 4.60%
934,570.00
1,416.44

0.42%
(64,671.45)
Aaa / AA+
AAA

1.62 1.58
91282CDB4 US Treasury Note

0.625% Due 10/15/2024
1,000,000.00 12/02/2021

0.86%
993,281.25
995,809.60

93.44 4.48%
934,414.00
1,339.29

0.42%
(61,395.60)
Aaa / AA+
AAA

1.79 1.74
91282CDH1 US Treasury Note

0.750% Due 11/15/2024
1,000,000.00 11/10/2021

0.80%
998,554.69
999,098.00

93.39 4.47%
933,906.00
973.76

0.42%
(65,192.00)
Aaa / AA+
AAA

1.88 1.82
91282CDN8 US Treasury Note

1.000% Due 12/15/2024
1,100,000.00 12/29/2021

0.99%
1,100,472.66
1,100,312.19

93.65 4.42%
1,030,175.30
513.74

0.46%
(70,136.89)
Aaa / AA+
AAA

1.96 1.90
912828ZC7 US Treasury Note

1.125% Due 02/28/2025
1,000,000.00 02/03/2022

1.42%
991,054.69
993,698.35

93.42 4.35%
934,180.00
3,822.51

0.42%
(59,518.35)
Aaa / AA+
AAA

2.16 2.09
912828ZF0 US Treasury Note

0.500% Due 03/31/2025
750,000.00 03/03/2021

0.54%
748,886.72
749,386.50

91.91 4.31%
689,355.75
958.10

0.31%
(60,030.75)
Aaa / AA+
AAA

2.25 2.19
912828ZL7 US Treasury Note

0.375% Due 04/30/2025
500,000.00 01/13/2021

0.39%
499,609.38
499,788.11

91.34 4.32%
456,679.50
321.13

0.20%
(43,108.61)
Aaa / AA+
AAA

2.33 2.27
912828ZT0 US Treasury Note

0.250% Due 05/31/2025
1,250,000.00 10/06/2021

0.72%
1,228,759.77
1,235,951.47

90.86 4.28%
1,135,693.75
274.73

0.51%
(100,257.72)
Aaa / AA+
AAA

2.42 2.36
9128285C0 US Treasury Note

3.000% Due 09/30/2025
750,000.00 04/29/2022

2.90%
752,314.45
751,861.58

96.74 4.27%
725,566.50
5,748.63

0.33%
(26,295.08)
Aaa / AA+
AAA

2.75 2.58
9128285J5 US Treasury Note

3.000% Due 10/31/2025
1,000,000.00 06/02/2022

2.87%
1,004,023.44
1,003,338.87

96.66 4.26%
966,641.00
5,138.12

0.43%
(36,697.87)
Aaa / AA+
AAA

2.84 2.66
As of December 31, 2022
36 162
Holdings Report
City of Pittsburg Total Consolidated - Account #10638
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
912828M56 US Treasury Note

2.250% Due 11/15/2025
1,000,000.00 08/25/2022

3.37%
966,093.75
969,781.09

94.74 4.21%
947,383.00
2,921.27

0.42%
(22,398.09)
Aaa / AA+
AAA

2.88 2.73
9128285T3 US Treasury Note

2.625% Due 12/31/2025
1,000,000.00 08/25/2022

3.34%
977,421.88
979,784.92

95.72 4.16%
957,188.00

72.51 0.43%
(22,596.92)
Aaa / AA+
AAA

3.00 2.84
9128286L9 US Treasury Note

2.250% Due 03/31/2026
1,000,000.00 08/29/2022

3.40%
961,640.63
965,274.37

94.34 4.13%
943,438.00
5,748.63

0.42%
(21,836.37)
Aaa / AA+
AAA

3.25 3.07
912828V98 US Treasury Note

2.250% Due 02/15/2027
1,000,000.00 11/29/2022

4.06%
930,585.94
932,030.19

93.19 4.06%
931,914.00
8,498.64

0.42%
(116.19)
Aaa / AA+
AAA

4.13 3.84
91282CEF4 US Treasury Note

2.500% Due 03/31/2027
1,100,000.00 11/03/2022

4.47%
1,014,148.44
1,017,245.08

93.98 4.06%
1,033,785.50
7,026.10

0.46%
16,540.42
Aaa / AA+
AAA

4.25 3.94
91282CEW7 US Treasury Note

3.250% Due 06/30/2027
1,250,000.00 11/03/2022

4.44%
1,187,792.97
1,189,916.58

96.84 4.02%
1,210,497.50
112.22

0.54%
20,580.92
Aaa / AA+
AAA

4.50 4.13
TOTAL US Treasury 25,130,000.00 2.10%
24,703,758.04
24,768,106.88 4.36%
23,867,222.68
56,126.24

10.67%
(900,884.20)
Aaa / AA+
AAA

2.08 1.98
TOTAL PORTFOLIO 228,207,492.13 0.66%
227,782,263.80
227,725,936.72 1.63%
223,901,964.61
227,427.76
100.00%
(3,823,972.11)
Aa1 / AA+
AAA

0.51 0.45
TOTAL MARKET VALUE PLUS ACCRUALS 224,129,392.37
As of December 31, 2022
37 163
SECTION |
Section 4 |
Transactions
38 164
Transaction Ledger
City of Pittsburg Total Consolidated - Account #10638
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 11/04/2022 62479MUE1 1,500,000.00 MUFG Bank Ltd/NY Discount CP

5.24% Due: 07/14/2023

96.332 5.47% 1,444,980.00 0.00 1,444,980.00 0.00
Purchase 11/04/2022 89233HUE2 500,000.00 Toyota Motor Credit Discount CP

5.17% Due: 07/14/2023

96.381 5.40% 481,905.00 0.00 481,905.00 0.00
Purchase 11/04/2022 91282CEF4 1,100,000.00 US Treasury Note

2.5% Due: 03/31/2027

92.195 4.47% 1,014,148.44 2,644.23 1,016,792.67 0.00
Purchase 11/04/2022 91282CEW7 1,250,000.00 US Treasury Note

3.25% Due: 06/30/2027

95.023 4.44% 1,187,792.97 14,020.04 1,201,813.01 0.00
Purchase 11/30/2022 912828V98 1,000,000.00 US Treasury Note

2.25% Due: 02/15/2027

93.059 4.06% 930,585.94 6,542.12 937,128.06 0.00
Purchase 12/02/2022 3137BSP72 710,000.00 FHLMC K058 A2

2.653% Due: 08/25/2026

93.648 4.53% 664,903.91 52.32 664,956.23 0.00
Purchase 12/09/2022 3137BVZ82 500,000.00 FHLMC K063

3.43% Due: 01/25/2027

96.816 4.29% 484,082.03 381.11 484,463.14 0.00
Subtotal 6,560,000.00 6,208,398.29 23,639.82 6,232,038.11 0.00 Security
Contribution
12/31/2022 90PARS$00 218,798.68 City of Pittsburg PARS 115 Trust 1.000 218,798.68 0.00 218,798.68 0.00 Security
Contribution
12/31/2022 90PITT$01 10,216,196.66 City of Pittsburg Investment Pools 1.000 10,216,196.66 0.00 10,216,196.66 0.00 Subtotal 10,434,995.34 10,434,995.34 0.00 10,434,995.34 0.00 Intra Legal
Entity
Purchase
11/03/2022 3133EKZK5 1,000,000.00 FFCB Note

1.6% Due: 08/14/2023

97.892 1.63% 978,924.11 0.00 978,924.11 0.00
Intra Legal
Entity
Purchase
11/03/2022 3133EL3V4 1,000,000.00 FFCB Note

0.2% Due: 08/14/2023

96.576 0.27% 965,757.89 0.00 965,757.89 0.00
Intra Legal
Entity
Purchase
11/30/2022 3130A3DL5 1,000,000.00 FHLB Note

2.375% Due: 09/08/2023

98.699 1.50% 986,991.72 0.00 986,991.72 0.00
September 30, 2022 through December 31, 2022
As of December 31, 2022
39 165
Transaction Ledger
City of Pittsburg Total Consolidated - Account #10638
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
Intra Legal
Entity
Purchase
11/30/2022 3133EMBS0 1,000,000.00 FFCB Note

0.2% Due: 10/02/2023

96.240 0.24% 962,395.22 0.00 962,395.22 0.00
Subtotal 4,000,000.00 3,894,068.94 0.00 3,894,068.94 0.00 TOTAL ACQUISITIONS 20,994,995.34 20,537,462.57 23,639.82 20,561,102.39 0.00

DISPOSITIONS
Maturity 10/15/2022 91324PDD1 750,000.00 United Health Group Inc Note

2.375% Due: 10/15/2022
100.000 750,000.00 0.00 750,000.00 0.00
Maturity 10/28/2022 62479MKU6 1,250,000.00 MUFG Bank Ltd/NY Discount CP

0.7% Due: 10/28/2022

99.477 1,250,000.00 0.00 1,250,000.00 0.00
Maturity 10/31/2022 91282CAR2 1,950,000.00 US Treasury Note

0.125% Due: 10/31/2022
100.000 1,950,000.00 0.00 1,950,000.00 0.00
Maturity 11/30/2022 912828M80 2,000,000.00 US Treasury Note 2% Due: 11/30/2022
100.000 2,000,000.00 0.00 2,000,000.00 0.00
Maturity 12/29/2022 912796R27 3,000,000.00 US Treasury Bill

2.51% Due: 12/29/2022
100.000 3,000,000.00 0.00 3,000,000.00 0.00
Subtotal 8,950,000.00 8,950,000.00 0.00 8,950,000.00 0.00 Intra Legal
Entity Sale
11/03/2022 3133EKZK5 1,000,000.00 FFCB Note

1.6% Due: 08/14/2023

97.892 1.63% 978,924.11 0.00 978,924.11 0.00
Intra Legal
Entity Sale
11/03/2022 3133EL3V4 1,000,000.00 FFCB Note

0.2% Due: 08/14/2023

96.576 0.27% 965,757.89 0.00 965,757.89 0.00
Intra Legal
Entity Sale
11/30/2022 3130A3DL5 1,000,000.00 FHLB Note

2.375% Due: 09/08/2023

98.699 1.50% 986,991.72 0.00 986,991.72 0.00
September 30, 2022 through December 31, 2022
As of December 31, 2022
40 166
Transaction Ledger
City of Pittsburg Total Consolidated - Account #10638
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
Intra Legal
Entity Sale
11/30/2022 3133EMBS0 1,000,000.00 FFCB Note

0.2% Due: 10/02/2023

96.240 0.24% 962,395.22 0.00 962,395.22 0.00
Subtotal 4,000,000.00 3,894,068.94 0.00 3,894,068.94 0.00 TOTAL DISPOSITIONS 12,950,000.00 12,844,068.94 0.00 12,844,068.94 0.00 September 30, 2022 through December 31, 2022
As of December 31, 2022
41 167
Important Disclosures
2022 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.

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

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

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

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

This report is provided for informational purposes only and should not be construed as a specific investment or legal advice . The information contained herein was obtained from sources believed to be reliable as of the date of publication, but may become outdated or superseded at any time without notice. Any opinions or views expressed are based on current market conditions and are subject to change. This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied upon as indicator of future results. Past performance is not indicative of future results. This report is not intended to constitute an offer, solicitation, recommendation or advice regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment.

Fixed income investments are subject to interest, credit and market risk. Interest rate risk: the value of fixed income investments will decline as interest rates rise. Credit risk: the possibility that the borrower may not be able to repay interest and principal. Low rated bonds generally have to pay higher interest rates to attract investors willing to take on greater risk. Market risk: the bond market in general could decline due to economic conditions, especially during periods of rising interest rates.

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

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

As of December 31, 2022
42 168
Benchmark Disclosures
ICE BofA 1-3 Yr US Treasury & Agency Index
The ICE BofA 1-3 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than three years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies.

As of December 31, 2022
43 169

OFFICE OF THE CITY MANAGER/EXECUTIVE DIRECTOR
65 Civic Avenue
Pittsburg, CA 94565
TO: Mayor and Council Members
FROM: Garrett Evans, City Manager
SUBJECT: Receive and File the Annual Comprehensive Financial Report (ACFR) for fiscal year ended June 30, 2022, and the Independent Accountants’ Report on Agreed-Upon Procedures Applied to the Appropriations Limit Schedule (GANN).

MEETING DATE: February 21, 2023

EXECUTIVE SUMMARY
The Annual Comprehensive Financial Report (ACFR) for the fiscal year ended June 30, 2022, has been completed and complies with the Governmental Accounting Standards Board (GASB) reporting requirements. The City has received an unqualified or “clean opinion” by the City’s auditing firm, Maze and Associates, Certified Public Accountants (Maze).

FISCAL IMPACT
There is no fiscal impact to receive and file the ACFR and the GANN report.

RECOMMENDATION
Receive and file the ACFR for the fiscal year end June 30, 2022, and the GANN report.

BACKGROUND
Pursuant to and in compliance with GASB 34, the City is required to receive and file its ACFR at the end of each year. The ACFR is governed by GASB and includes a set of financial statements comprised of financial reports of the City, along with notes, narratives, and other supporting data. The purpose of the ACFR is to be transparent about the use of taxpayer’s money and to provide the public a detailed accounting of all City financial activities.
170
The GANN report is required to meet the requirements of Section 1.5 of Article XIII(B) of the California Constitution. On June 20, 2022, City Council by resolution 22-14109 adopted the City’s Proposition, Article XIII(B) calculation for the FY 2022-23 Budget. Proposition 4, the GANN initiative, was passed by California voters in 1978 and is intended to limit governmental General Fund appropriations.

The appropriation limit is calculated each year based upon FY 1978-79 appropriations, modified by the composite consumer price index, and population changes that have occurred in subsequent years. The City’s General Fund appropriation limit for FY 2022-23 amounted to $200.8 million. The City’s FY 2022-23 General Fund budget was $57.7 million, which is below the appropriation limit.

SUBCOMMITTEE FINDINGS
This item was not reviewed by a subcommittee.

STAFF ANALYSIS
Maze has completed its review and examination of the City’s financial transactions and statements for the fiscal year end June 30, 2022. Maze has expressed an opinion that the City’s financial statements are presented fairly, in all material respects, and in conformity with the accounting principles generally accepted in the United States of America.

The following is a summary of the financial highlights from the Management’s Discussion and Analysis section of the ACFR:

The assets and deferred outflow of resources of the City exceeded its liabilities and deferred inflows of resources at the close of the FY 2021-22 by $418.3 million (net position).

The City’s total net position of $418.3 million increased from the prior FY 2020-21 by $16.0 million. See below for breakdown of governmental and business type activities:

As of June 30, 2022, the City’s governmental fund balances saw an increase of approximately $5.0 million resulting in a balance of $77.8 million compared to the prior fiscal year balance of $72.9 million. The difference is a combination of additional general revenues: increase in taxes and fees and an offsetting of costs incurred in personnel, capital outlay and operating expenditures.

As of June 30, 2022, the fund balance (total assets and deferred outflows minus total liabilities and deferred inflows) for the General Fund, which includes the Budget Stabilization and Economic Development funds, was $33.7 million. The detail of this amount is as follows: $1.2 million was designated as "Nonspendable" for items that are not in a spendable form such as deposits, interfund advances and inventory, $1.5 million was designated as "Assigned" for economic development activities and encumbrances intended to be used for specific purposes designated by the City Council and $31.0 million as unassigned. The unassigned balance consists of $28.6 million in General Fund operating reserve available to cover expenses in the event of an emergency and $2.4 million in the Budget Stabilization Fund that can be used to balance future budgets subject to the limits of the Fiscal Sustainability Ordinance.
171
As of June 30, 2022, the City's net position from business type activities (enterprise funds) increased by approximately $8.9 million from $159.9 million to $168.8 million, primarily because of net increase in capital assets, along with a net increase in deferred outflows/inflows and offsetting of costs in personnel and operating expenses.

The City’s other miscellaneous reports: Memorandum on Internal Control and Required Communications are not available at this time. These reports will be issued at a later date.

ATTACHMENTS: Annual Comprehensive Financial Report for the Fiscal Year ended June 30, 2022.

Independent Accountants’ Report on Agreed-Upon Procedures Applied to Appropriations Limit Schedule.

Report Prepared By: Laura Mendez, Finance Reporting Manager Reviewed By: Paul Rodrigues, Finance Director
172

Annual
Comprehensive
Financial Report
Fiscal Year Ended
June 30, 2022
City of Pittsburg, California
www.pittsburgca.gov
173
174
City of Pittsburg
California
Annual Comprehensive
Financial Report
Fiscal Year Ended June 30, 2022
Prepared by the Finance Department
Paul Rodrigues, CPA
Finance Director
Laura Mendez, CPA
Division Manager, Financial Reporting
175

CITY OF PITTSBURG
Annual Comprehensive Financial Report
June 30, 2022
176
City of Pittsburg
Basic Financial Statements
For the Year Ended June 30, 2022
Table of Contents

INTRODUCTORY SECTION:

City Manager and Finance Director's Letter of Transmittal i Organization Chart viii
Officials of the City of Pittsburg, California ix
GFOA Certificate of Achievement for Excellence in Financial Reporting x Map of the City xi

FINANCIAL SECTION:

Independent Auditor’s Report 1

Management's Discussion and Analysis 5

Basic Financial Statements: 17

Government-Wide Financial Statements: 19
Statement of Net Position 21
Statement of Activities 22

Fund Financial Statements: 23
Governmental Funds: 25
Balance Sheet 26
Reconciliation of the Governmental Funds Balance Sheet with the Statement of Net Position 28
Statement of Revenues, Expenditures, and Changes in Fund Balances 30 Reconciliation of the Net Change in Fund Balances – Total Governmental Funds with the Statement of Activities 32

Proprietary Funds: 33
Statement of Net Position 34
Statement of Revenues, Expenses and Changes in Net Position 36 Statement of Cash Flows 38

Fiduciary Funds: 41
Statement of Fiduciary Net Position 43
Statement of Changes in Fiduciary Net Position 44

Notes to Basic Financial Statements 45

Required Supplementary Information: 125

Budgets and Budgetary Accounting
Budgetary Comparison Schedule: 126
General Fund 128
Housing Authority (Section 8) Special Revenue Fund 129 Successor Agency Housing Special Revenue Fund 130
Miscellaneous Grants Special Revenue Fund 131

177
City of Pittsburg
Basic Financial Statements
For the Year Ended June 30, 2022
Table of Contents, Continued
Required Supplementary Information (Continued):

Defined Pension Plan:

Agent Multiple Employer Pension Plan:

Schedule of Changes in the Net Pension Liability and Related Ratios 132 Schedule of Contributions – Agent Multiple Employer Pension Plan 133 Cost-Sharing Defined Pension:

Schedule of Changes in the Net Pension Liability and Related Ratios 134 Schedule of Contributions – A Cost Sharing Defined Pension Plan 135 Other Post-Employment Benefit Plan:

Schedule of Changes in the Net OPEB Liability and Related Ratios 136 Schedule of Contributions – Agent Multiple Employer OPEB Plan 137 Supplementary Information: 139
Non-Major Governmental Funds: 141
Combining Balance Sheets 146
Combining Statements of Revenues, Expenditures, and Changes in Fund Balances 156 Combining Schedule of Revenues, Expenditures, and Changes in Fund Balances - Budget and Actual 166
Internal Service Funds: 185
Combining Statement of Net Position 186
Combining Statement of Revenues, Expenses and Changes in Fund Net Position 188 Combining Statement of Cash Flows 190
Custodial Funds: 193
Combining Statement of Net Position 194
Combining Statement of Changes in Net Position 195
STATISTICAL SECTION: 197
Net Position by Component – Last Ten Fiscal Years 199
Changes in Net Position – Last Ten Fiscal Years 200
Fund Balances of Governmental Funds – First Two Fiscal Years 203 Fund Balances of Governmental Funds – Last Eight Fiscal Years 204 Changes in Fund Balance of Governmental Funds – Last Ten Fiscal Years 205 Assessed and Estimated Actual Value of Taxable Property – Last Ten Fiscal Years 206 Property Tax Rates - All Overlapping Governments – Last Ten Fiscal Years 207 Principal Property Taxpayers – Current Year and Nine Years Ago 208 Property Tax Levies and Collections as of June 30 – Last Ten Fiscal Years 209 Ratio of Outstanding Debt by Type – Last Ten Fiscal Years 210 Ratio of General Government Debt Outstanding – Last Ten Fiscal Years 211 Computation of Direct and Overlapping Debt – June 30, 2022 212 Computation of Legal Bonded Debt Margin – June 30, 2022 213 178
City of Pittsburg
Basic Financial Statements
For the Year Ended June 30, 2022
Table of Contents, Continued
STATISTICAL SECTION (Continued):

Revenue Bond Coverage Wastewater Revenue Bonds 214
Revenue Bond Coverage 2016 (Refunded 1997, 2005 & 2008) Water Revenue Bonds 215 Successor Agency Bonded Debt Pledged Revenue Coverage Tax Allocation Bonds – Last Ten Fiscal Years 216
Demographic and Economic Statistics – Last Ten Fiscal Years 217 Principal Employers - Current Year and Nine Years Ago 218 Actual Full-Time Equivalent City Government Employees by Function – Last Ten Fiscal Years 219
Operating Indicators by Function/Program – Last Ten Fiscal Years 220 Capital Asset Statistics by Function/Program – Last Ten Fiscal Years 222 179

CITY OF PITTSBURG
Annual Comprehensive Financial Report
June 30, 2022
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Residents of Pittsburg
➢ CITY GOVERNMENT ORGANIZATION

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City of Pittsburg
Annual Comprehensive Financial Report
Fiscal Year Ended June 30, 2022
City Council
Holland Barrett White, Mayor
Shanelle Scales-Preston, Vice Mayor
Merl Craft, Council Member
Juan Antonio Banales, Council Member
Jelani Killings, Council Member
Other Elected Officials
Alice E. Evenson, City Clerk
Nancy L. Parent, City Treasurer
City Attorney
Donna Mooney, Esquire, City Attorney
Management Staff
Garrett Evans, City Manager
Maria Aliotti, Assistant City Manager
Steve Albanese, Chief of Police
Alice E. Evenson, Director of Records and Council Services Richard Abono, Director of Public Works/City Engineer
Paul Rodrigues, Finance Director
Jennifer Brizel, Director of Human Resources
Jordan Davis, Director of Community and Economic Development Kolette Simonton, Director of Recreation
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June 30, 2021
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CITY OF PITTSBURG
Annual Comprehensive Financial Report
June 30, 2022
192
INDEPENDENT AUDITOR’S REPORT
To the Honorable City Council of the
City of Pittsburg, California
Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities, the business- type activities, each major fund, and the aggregate re maining fund information of the City of Pittsburg (City), California, as of and for the year ended Ju ne 30, 2022, and the relate d notes to the financial statements, which collectively comprise the City’s ba sic financial statements as listed in the Table of Contents.

In our opinion, the financial statements referred to above present fairly, in al l material respects, the respective financial position of the governmental activities, the business-type activities, each major fund, and the aggregate remaining fund information of the City as of June 30, 2022, and the respective changes in financial position and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to fina ncial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our re sponsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the City and to meet our other ethical responsibilities, in accordance with the relevant ethical requirement relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.

Responsibilities of Management for the Financial Statements Management is responsible for the preparation and fa ir presentation of these financial statements in accordance with accounting principles generally acce pted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of the financial statem ents that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter. 1 193
Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a hi gh level of assurance but is not absolute assurance and therefore is not a guarantee that an audit co nducted in accordance with generally accepted auditing standards and Government Auditing Standa rds will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override
of internal control. Misstatements are considered material if, individually or in the aggregate, they could reasonab ly be expected to influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with generally accepted auditing standards and Government Auditing Standards, we:
• Exercise professional judgment and maintain professional skepticism throughout the audit. • Identify and assess the risks of material missta tement of the financial statements, whether due t o f r a u d o r e r r o r , a n d d e s i g n a n d p e r f o r m a u d i t p r o c e d u r e s r e s p o n s i v e t o t h o s e r i s k s . S u c h procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstan ces, but not for the purpose of expressing an opinion on the effectiveness of the City’s intern al control. Accordingly, no such opinion is expressed.
• Evaluate the appropriateness of accounting polic ies used and the reasonableness of significant accounting estimates made by ma nagement, as well as evaluate th e overall presentation of the financial statements.
• Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the City’s ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, signif icant audit findings, and certain internal control- related matters that we identified during the audit.

Emphasis of Matter
Change in Accounting Principle
Management adopted the provisions of Governmental Accounting Standards Board Statement No. 87, Leases, which became effective during the year ended June 30, 2022 and required restatement of certain governmental activities and business-type activities lease-related balances as discussed in Note 1R to the financial statements.

The emphasis of this matter does not constitute a modification to our opinions. 2 194
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the Management’s Discussion and Analysis and other required supplementary information as listed in the Table of Contents be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic or historical context. We have applied certain limited procedures to the required supplem entary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our in quiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information becaus e the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that collectively comprise the City’s basic financial statements. The accompanying Supplementary Information, as listed in the Table of Contents, is presented for purposes of additional analysis and is not a required part of the basic financial statements. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting an d other records used to pr epare the basic financial statements. The information has been subjected to th e auditing procedures applied in the audit of the basic financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the basic financial statements or to the basic financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, the Supplementary Information is fairly stated, in all ma terial respects, in relation to the basic financial statements as a whole.

Other Information
Management is responsible for the other informat ion included in the annual report. The other information comprises the Introductory Section and Statistical Section listed in the Table of Contents, but does not include the basic financial statements and our auditor’s report thereon. Our opinions on the basic financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon.

In connection with our audit of the basic financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the basic financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report. 3 195
Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards , we have also issued our report dated January 20, 2023, on our consideration of the City’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regula tions, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of th at testing, and not to provide an opinion on the effectiveness of the City’s internal control over financ ial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the City’s internal control over financial reporting and compliance.

Pleasant Hill, California
January 20, 2023
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City of Pittsburg
Management's Discussion and Analysis
For the year ended June 30, 2022

MANAGEMENT'S DISCUSSION AND ANALYSIS
As management of the City of Pittsburg, we offer readers this discussion and analysis of the City’s financial performance for the year ending Ju ne 30, 2022 (FY 2021-22). The accurac y of the data presented and the
completeness and fairness of the presentation, including all disclosures in this report, are the responsibility of the City. The report has been prepared in accordance with Generally Accepted Accounting Principles (GAAP) as promulgated by the Governmental Accounting Standard Board (GASB). We encourage readers to consider the information presented here in conjunc tion with additional information whic h can be found in the introductory section of this report and within the City’s financial statements, which follow this discussion.

FINANCIAL HIGHLIGHTS
• The assets and deferred outflow of resources of the Ci ty exceeded its liabilities and deferred inflows of resources at the close of the FY 2021-22 by $418.3 million (M) (net position).

The City’s total net position of $4 18.3M increased from the prior FY 2020-21 by $16.0M. See below for breakdown of governmental and business type activities:

As of June 30, 2022, the City’s governmental fund bala nces saw an increase of $5.0M resulting in a balance of $77.8M compared to the prior fiscal year balance of $72.9M. The difference is a combination of additional general revenues: increase in taxes and fees and an offs etting of costs incurred in personnel, capital outlay and operating expenditures.
• As of June 30, 2022, the fund balance (total assets and deferred outflows minus total liabilities and deferred inflows) for the General Fund, whic h includes the Budget Stabilization and Economic Development funds, was $33.7M. The detail of this amount is as follows: $1.2M was designated as "Nonspendable" for items that are not in a spendable form such as deposits, interfund advances and i nventory, $1.5M was designated as "Assigned" for economic development activities and encumb rances intended to be used for specific purposes designated by the City Council and $31.0M as unassigned. The unassign ed balance consists of $28.6M in General Fund operating reserve availa ble to cover expenses in the event of an emergency and $2.4M in the Budget Stabilization Fund that can be used to balanc e future budgets subject to the limits of the Fiscal Sustainability Ordinance.
• There are four major funds in the Governmental Funds sect ion of the Annual Comprehensive Financial Report: 1) the General Fund, 2) Housing Authority (Section 8) , 3 ) Successor Agency Housing and 4) Miscellaenous Grants.

As of June 30, 2022, the City's net position from business type activi ties (enterprise funds) increased by approximately $8.9M from $159.9M to $168.8 M, primarily because of net increa se in capital assets, along with an net increase in deferred outflows/inflows and offsetting of costs in personnel and operating expenses. • There are five major enterprise funds in the Proprietary Funds section of the Annual Comprehensive Financial Report: (1) Water Utility, (2) Sewer Utility, (3) Marina, (4) Pittsburg Power Company (including Island Energy) and (5) Waterfront Operations.
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City of Pittsburg
Management's Discussion and Analysis
For the year ended June 30, 2022

OVERVIEW OF THE FINANCIAL STATEMENTS

The Management’s Discussion and Analysis is intended to serve as an introduction to the City’s basic financial statements, which are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. Th is report contains other supplementary information in addition to the basic financial statements.

Government-Wide Financial Statements - The Government-Wide Financial Statements are designed to provide readers with a broad overview of the City’s finances, in a manner similar to a private-sector business. These statements consist of:

• The Statement of Net Position presents information on a ll the City’s assets and deferred outflow of resources and liabilities, with the difference between the two re ported as “net position”. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the City is improving or deteriorating.

• The Statement of Activities presents information reflecting any change in the government's net position during the most recent fiscal year. All changes in ne t position are reported as so on as the underlying event giving rise to the change occurs (regardless of the timi ng of related cash flows). Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods (e.g., earned but unused vacation and compensated leave of absence).

Both of the Government-Wide Financial Statements dis tinguish functions of the City that are principally supported by taxes and intergovernmental revenues ( governmental activities) from other functions that are intended to recover all or a significant portion of their costs through user fees and charges (business-type activities). The governmental activities of the City incl ude legislative and legal, general government, public safety, public works, community development and recreat ion. The business-type activities of the City include Water, Sewer, Marina, Pittsburg Power Company (includes Island Energy operation), and Waterfront Operations.

The Government-Wide Financial Statements include not only the City but the Hous ing Authority and Housing Successor Agency. Financial informati on for these component units are blende d with the financial statements of the primary government itself.

Fund Financial Statements – A “fund” is a grouping of related account s that is used to maintain control over resources that have been segregated for specific activiti es or objectives. The City, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. All of the funds can be divided into three categories: govern mental funds, proprietary funds, and City's fiduciary funds.

• Governmental Funds : These funds are used to account for esse ntially the same functions reported as governmental activities in the government-wide financ ial statements. Unlike the Government-Wide Financial Statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable reso urces available at the end of the fiscal year. Such information may be useful in evaluating a government 's near-term financing requirements. However, this information does not encompass the additional long -term focus of the government-wide statements.

Reconciliations that explain the relationship (or diff erences) between governmental funds and governmental activities follow each of the governmental funds statements.

6 198

City of Pittsburg
Management's Discussion and Analysis
For the year ended June 30, 2022

The City maintains 48 individual govern mental funds. Information is presen ted separately in the governmental funds balance sheet and in the governmental funds stat ement of revenues, expenditures, and changes in fund balances for four funds that are cons idered to be major funds. These fund s consist of the General Fund, Housing Authority (Section 8), the Successor Ag ency Housing Fund and Miscellaneou s Grant Fund. Data from the other 44 governmental funds, which are comb ined into a single, aggregated presentation under Other Governmental Funds, are considered as non-major funds.

A budgetary comparison statement has be en provided for the funds that have an adopted budget to demonstrate compliance with this budget.

Proprietary Funds: The City maintains two different types of prop rietary funds; Enterprise Funds and Internal Service Funds. Enterprise Funds are us ed to report the same functions presen ted as “business-type activities” in the Government-Wide Financial Statements. The Enterprise Funds are used to account for Water, Sewer, Marina, Pittsburg Power Company (including Island Energy), and Waterfront Operations.

• Enterprise Funds provide the same type of information as the Government-Wide Financial Statements, only in more detail. The Proprietary Fund Financia l Statements provide separate information for the Water Fund, the Sewer Fund, the Ma rina Fund, Pittsburg Power Company (including Island Energy), and Waterfront Operations, all of which are considered to be major funds. Conversely, Internal Service Funds are combined into a single, aggregated presentation in the Proprietary Fund Financial Statements.

• Internal Service funds are an accounting device used to accu mulate and allocate costs internally among the City's various functions. The City uses Internal Service Funds to account fo r maintaining its fleet of vehicles, building maintenance, information and co mmunication systems, risk management/insurance, and employee fringe benefits activities. Because these services predominantly benefit governmental rather than business-type functions, they have been included within “governmental activities” in the government-wide financial statements.

Fiduciary Funds: Fiduciary Funds are used to ac count for resources held for the benefit of parties outside the government. Fiduciary Funds are not reflected in th e Government-Wide Financial Statement because the resources of those funds are not available to support th e City’s own programs. The accounting used for Fiduciary Funds is much like that which is used for Proprietary Funds. The Assessment District Bonds Fund, the Environmental Impact Fee Fund and the Other Impact F ees Fund are held as Fiduciary Funds by the City. With the dissolution of Redevelopment Agency per AB 26, as amended by AB 1484, the activities of the Successor Agency of the Former Redevelopment Agency are reported as Private Purpose Trust Fund in the Fiduciary Fund section. Also, included in the Fiduciary Funds is the Miscellaneous Employee Retirement System.

Notes To The Financial Statements – The notes provide additional information that is essential to a full understanding of the data provided in the Governme nt-Wide and Fund Financial Statements. The following GASB pronouncements were effective in fiscal year 2021-2022.

GASB Statement No. 87 – Accounting for Leases

For a detailed description of the all the pronouncements that apply to the City, see Note 1R – Summary of Significant Accounting Policies.

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City of Pittsburg
Management's Discussion and Analysis
For the year ended June 30, 2022

Other Information – In addition to the basic financial statem ents and accompanying notes, this report also presents certain required supplementary information con cerning the City’s progress in funding its obligation to provide pension benefits to its employees.

GOVERNMENT-WIDE FINANCIAL ANALYSIS

Net Position – As noted earlier, net position may serve over time as a useful indicator of a government's financial position. In the case of the City, combined net position (government and business-type activities) totaled $418.3M at the close of the Fiscal Year ending June 30, 2022, whic h is $16.0M more than the Fiscal Year ending June 30, 2021.

The Government-Wide Financial Statements provide long-term and short-term information about the City’s overall financial condition. This analysis addresses the fina ncial statements of the City as a whole. The following table reflects the Summary of Net Positi on for the Fiscal Year ended June 30 , 2022 with the comparative data for the Fiscal Year ended June 30, 2021.

City of Pittsburg
Summary of Net Position
As of June 30, 2022

2021 2022 2021 2022 2021 2022
Current Assets 130,401,040$ 136,006,151$ $ 64,894,184 $ 113,730,578 $ 195,295,224 $ 249,736,729 Leases - 560,423 - 21,611,059 - 22,171,482 Capital Assets 239,877,217 237,484,252 155,850,504 158,695,811 395,727,721 396,180,063 Total Assets 370,278,257 374,050,826 220,744,688 294,037,448 591,022,945 668,088,274 Deferred Outflow of
Resources 13,423,774 13,948,583 2,272,144 2,301,807 15,695,918 16,250,390 Current Liabilities 23,220,436 24,858,007 9,540,580 9,355,267 32,761,016 34,213,274 Non-Current Liabilities 114,609,448 89,412,083 52,799,981 91,001,822 167,409,429 180,413,905 Total Liabilities 137,829,884 114,270,090 62,340,561 100,357,089 200,170,445 214,627,179 Deferred Inflows of Resources 3,529,618 24,270,896 779,198 27,171,570 4,308,816 51,442,466 Net Investment in Capital
Assets 238,477,548 235,352,441 121,335,984 125,448,931 359,813,532 360,801,372 Restricted 20,474,166 24,153,450 31,637,948 33,206,836 52,112,114 57,360,286 Unrestricted (16,609,185) (10,047,468) 6,923,141 10,154,829 (9,686,044) 107,361 Total Net Position as Restated
(Note 9E) 242,342,529$ 249,458,423$ 159,897,073 $ 168,810,596$ 402,239,602$ 418,269,019$ Governmental Activities Business-Type Activities Total

Current assets are assets that are liquid in nature or can be converted into cash qui ckly. Current liabilities are outstanding liabilities that are due within one year.

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City of Pittsburg
Management's Discussion and Analysis
For the year ended June 30, 2022

The Statement of Net Position contains more detailed in formation on current assets, capital assets, deferred outflows of resources, current liabilities, non-current liabilities and deferred inflows of resources.

At the end of the FY 2021-22 the total assets and defe rred outflows of resources exceeded total liabilities and deferred inflows of resources by $418.3M.

Statement of Activities – In FY 2021-22 the City’s total Governmental expenditures of $89.9M were less than the revenues and transfers of $97.0M by $7.1M. The City’s expenses cover a range of services for the Governmental Activities: the larges t expenses were in Public Safety $29.2M, Community Development and Services $33.0M and Public Works $14.1M. These expens es include capital outlays, which are now reflected in the City’s capital assets. Further analys is is provided within the governmental and business-type sections on the following pages. For additional information on the Cap ital Assets, please refer to Note 7 – Capital Assets disclosure.

Governmental and Business Activities – Governmental Activities reflect a increase of $7.1M in net position, and Business Activities reflect an increase of $8.9M in ne t position for the FY 2021-22. A comparison of the cost of services by function for the City’s Governmental Activities is shown below, along with the revenues used to cover the net expenses of the Governmental Activities, as well as comparative data from the FY 2020-21.

Statement of Activities
9 201
City of Pittsburg
Management's Discussion and Analysis
For the year ended June 30, 2022
Fiscal Year Ended June 30, 2022
With comparative data for fiscal year ended June 30, 2021 2021 2022 2021 2022 2021 2022
Revenue:

Program Revenues:

Charges for S ervices 25,980,476$ 34,147,127$ $ 48,291,304 $ 45,174,960 $ 74,271,780 $ 79,322,087 Operating G rants and Contributions 20,512,898 21,201,189 167,980 125,191 20,680,878 21,326,380 Capital G rants and Contributions 1,442,355 1,332,359 - 534,140 1,442,355 1,866,499 S ub-Total 47,935,729 56,680,675 48,459,284 45,834,291 96,395,013 102,514,966 GeneralRevenues:

Property Taxes 4,455,736 4,895,005 - - 4,455,736 4,895,005 S ales Tax 20,565,598 20,597,815 - - 20,565,598 20,597,815 Franchise Fees 5,559,335 5,854,635 - - 5,559,335 5,854,635 Motor V ehicle in Lieu Fees 5,720,207 5,863,791 - - 5,720,207 5,863,791 G as Taxes 3,032,772 3,250,828 - - 3,032,772 3,250,828 Other Taxes 10,138,087 - - - 10,138,087 - Buinsess License T ax - 701,697 - 701,697
Transient Occupancy - 505,971 - 505,971
Investment Earnings-Unrestricted 2,876,478 (2,863,079) 423,675 312,307 3,300,153 (2,550,772) S ub-Total 52,348,213 38,806,663 423,675 312,307 52,771,888 39,118,970 Total Revenues 100,283,942 95,487,338 48,882,959 46,146,598 149,166,901 141,633,936 Expenses:

G eneral G overnment 4,610,749 5,194,195 - - 4,610,749 5,194,195 City Council 96,800 114,746 - - 96,800 114,746 City Manager & Clerk 730,922 619,916 - - 730,922 619,916 City Attorney 243,717 355,269 - - 243,717 355,269 Human Resources 1,263,280 1,200,350 - - 1,263,280 1,200,350 Finance and S ervices 1,990,064 2,361,777 - - 1,990,064 2,361,777 Community Development & S ervices 31,619,115 33,049,148 - - 31,619, 115 33,049,148 Public S afety 32,746,859 29,208,631 - - 32,746, 859 29,208,631 Public Works 16,286,229 14,071,228 - - 16,286, 229 14,071,228 Interest on Long-Term Debt 3,361,276 3,739,936 - - 3,361,276 3,739,936 Water Utility - - 21,084,939 20,438,566 21, 084,939 20,438,566 Sewer Utility - - 3,019,946 3,002,251 3,019,946 3,002,251
Marina - - 2,783,372 2,673,031 2,783,372 2,673,031 Pittsb u rg Pow er - - 8,492,592 9,088,956 8,492,592 9,088,956
Waterfront Opertions - - 1,343,580 486,519 1,343,580 486,519 Total Expenses 92,949,011 89,915,196 36,724,429 35,689,323 129,673,440 125,604,519 Increase(Decrease) in Net Position
before Transfers 7,334,931 5,572,142 12,158,530 10,457,275 19,493,461 16,029,417 Transfers 2,214,798 1,543,752 (2,214,798) (1,543,752) - - Change in Net Position 9,549,729 7,115,894 9,943,732 8,913,523 19,493,461 16,029,417 Net Position-Beginning of Year
(Restated-Note 9E) 231,621,181 242,342,529 149,953,341 159,897,073 381,574, 522 402,239,602 Prior period adjustment due to S ection
115 Pension Trust account reported as
investments 1,171,619 - - 1,171,619 - Net Position - End of Year 242,342,529$ 249,458,423$ 159,897,073$ 168,810,596$ 402,239,602$ 418,269,019$ G overnmental Activities Business-Type Activities Total Total Program Revenues from Governmental Activities were $56.7M in FY 2021-22. Per GASB 34, program revenues are derived directly from th e program or from parties outside the reporting government’s taxpayers or 10 202

City of Pittsburg
Management's Discussion and Analysis
For the year ended June 30, 2022

citizenry. Program Revenues reduce the net cost of the pr ogram to be financed from the government’s general revenues. As reflected in the pie chart below, 60.2% of the Governmental Program Revenues came from Charges for Services (which includes license s and permits, plan checking fees, de veloper fees, special assessments and several other revenues), 37.4% from the Operating Grants and Contributions category (including restricted revenues such as Gas Tax, Measure J Tax, Asset Seizur e fund and Federal/State Grants), and 2.4% from Capital Grants and Contributions.

The Charges for Services increased by $8.2M due to the City recategorized general revenues to program revenues for Community Development and Public works to be in compliance with GASB 34 requirement.

The Operating Grants and Contributions increased by $0.7 M. The increase is a combin ation of receiving, $1.8M more funding for our Housing Choice Voucher program from HUD in current fiscal year for backbillings, absorption of the Portability Program and a new program, Project Based Vouchers with an offset of prior fiscal year funding from the state for Cares Act, $0.9M and $0.2M for various operating grants.

Capital Grants and Contributions decreas ed by $0.1M, due to receiving more federal grant funding in FY 2020- 21 for capital projects.

Government Revenues by Program Type

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City of Pittsburg
Management's Discussion and Analysis
For the year ended June 30, 2022

About 41.0% of General Government services in FY 2021-22 were funded by General Revenues. General Revenues are all other revenues not categorized as program revenues such as property taxes, sales taxes, intergovernmental and investment earnings. Interest on long-term debt is paid through general revenues.

General revenues from Governmental Activities represen ted $38.8M or 40.6% of total City revenues, and Program revenues reflected $56.7M or 59.4% of total Governmental Activities revenues. Sales Taxes comprised the largest percentage of General Revenues, $20.6M or 53.0%, received during the fiscal year.

Business-Type Activities – Net position for Business-Type Activities was $168.8M, a net increase of $8.9M over 12 204

City of Pittsburg
Management's Discussion and Analysis
For the year ended June 30, 2022

the prior fiscal year. Total program revenues for Busi ness-Type Activities were $45.8M. Total expenses for Business-Type Activities were $35.7M for the FY 2021-22.

FINANCIAL ANALYSIS OF THE GOVERNMENT’S FUNDS

As noted earlier, the City uses fund accounting to ensu re and demonstrate compliance with finance-related legal requirements.

The focus of the City’s Governmental Funds is to provide information on near-term inflows, outflows, and balances of spending resources. Such information is useful in assessing the City’s financing requirements. In particular, unassigned fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year.

The Housing Authority Housing Choice Voucher (HCV) Prog ram, which is reported as a Special Revenue Fund, saw an decrease in fund balance of $0.04M. This is du e to a extra Housing Assistance payments incurred in FY 2021-22.

General Fund Budgetary Highlights – The final amended budget totaled $54.9M, including $5.6M for prior fiscal year budget carry forward totals and new appropriation amendments to the originally adopted budget. These amendments are briefly summarized below.

The City Council approved the following budget carry-forwards and amendments during the current fiscal year:

13 205
City of Pittsburg
Management's Discussion and Analysis
For the year ended June 30, 2022
Budget Carry Forw ards: Approv ed Amendments:

Planning-Software $ 91,336 Police $ 1,643,879 Human Resources-Contractural Services 93,279 Transfer In/Out 1,444,000 Police-Capital Equipment/Uniforms 24,117 Public Works - Streets 1,078,356 City Manager-Contractual Services 16,369 Recreation 372,180 Engineering-Com puter Software 13,500 Non-departmental 323,109 Building-Capital Equpm ent 6,961 Human Resources 264,939 Non-departm ental-Contractual Services 47 Finance 101,648 Engineering 78,087
Code Enforcement 62,788
Building 44,568
City Attorney 32,372
Treasurer 15,753
City Council 11,774
Public Works-Administration 3,929
Planning (4,983)
Public Works - Swim Center Maint. (11,300)
Graffitti Removal (60,074)
Total Budget Carryovers 245,609$ Total Amendments 5,401,025$ Grand Total $ 5,646,634
At the close of the FY 2021-22, General Fund revenues fall short of the the revi sed budget by $2.4M. The decrease is primarily attributable to a market value adjustment due to GASB 31 compliance. The change in market value is considered temporary in nature, as the City mostly holds its investments until maturity, when they can be redeemed at par value.

General Fund Expenditures were $1.4M higher than the original budget and $3.9M lower than the revised budget.

This is the result of most of th e General Fund operating departments an d projects, prudently operating under budget. Staff has taken great care over the past several years to reduce or delay spending on non-critical items during the current fiscal year in an e ffort to meet the requirements of the C ity's Budget Stabilization Ordinance.

As a result of delayed spending, the City has $0.2M in budgetary carry forwards to FY 2022-23. These carryovers reflect the City's continued commitment to reinvest in the areas of greate st need while exercising care in the manner in which it spends available resources.

Unearned revenue in the General Fund is $0.3M. The balance is for variou s projects within the City. Please see Note 5 for further explanation.

The City’s Proprietary Funds provide the same type of information found in the Government-Wide Financial Statements, but with more detail. According to standa rdized Governmental reporting, the Water Fund, Sewer Fund, and Pittsburg Power Company are major funds. The Marina and Waterfront Operation Funds are not considered to be major funds; howeve r, the City has elected to continue to report the Marina and Waterfront Operation Funds as major funds.
14 206

City of Pittsburg
Management's Discussion and Analysis
For the year ended June 30, 2022

Total net position of the Business-Type Activities was $168 .8M at the end of the year, an increase of $8.9M from the prior fiscal year.

Capital Asset and Debt Administration – The City’s investment in capital assets for its Governmental and Business Type activities as of June 30, 2022, was $396.2M (net of accumulated depreciation). This investment in capital assets includes land, buildings , improvements, machinery and equipmen t, park facilities, roads, highways, bridges, water lines, and sewer and storm systems. The total decrease in the City’s investment in capital assets net of depreciation was $1.0M as compared to prior year.

City of Pittsburg
Capital Assets
(Net of Depreciation)
June 30, 2022

(As Restated) (As Restated)
2021 2022 2021 2022 2021 2022
Non-depreciable assets:

Land 36,285,723$ 35,754,568$ $ 2,187,105 $ 2,721,245 $ 38,472,828 $ 38,475,813 Contruction in Progess 16,531,188 19,772,320 37,273,401 27,090,314 53,804,589 46,862,634 Total 52,816,911 55,526,888 39,460,506 29,811,559 92,277,417 85,338,447 Depreciable assets (net of
depreciation):

Buildings and improvements 58,778,421 56,843,745 22,840,968 36,968,594 81,619,389 93,812,339 Machinery and Equipment 4,316,853 3,449,190 5,336,963 5,720,844 9,653,816 9,170,034 Infrastructure 123,965,032 120,403,182 88,212,067 86,194,814 212,177,099 206,597,996 Intang ib le Rig ht-to-Use
Buidlings 1,438,377 1,261,247 - - 1,438,377 1,261,247 Total 188,498,683 181,957,364 116,389,998 128,884,252 304,888,681 310,841,616 Total 241,315,594$ 237,484,252$ 155,850,504$ 158,695,811$ 397,166,098$ 396,180,063$ G overnmental Activities Business-Type Activities Total

Please see more detailed information regarding the City's capital assets in Note 7 of the Basic Financial Statements.

Debt Service Administration – At the end of the fiscal year, the City had total long-term debt outstanding of $33.0M which consisted of: 2006 Pension Obligation Bonds in the amount of $32.2M, fleet vehicles/street sweeper capital lease for $175,684, various fleet equipm ent for $110,483, vehicles/equipment for $443,447 and a loan from PG&E to partially fund the replacement of the City Hall Chiller in the amou nt of $124,427. The loan from California Energy Resources Conservation and Deve lopment Commission for conversion of the City's light poles to more energy efficiency LED lights and a telephone voice over internet protocol (VOIP), was paid in full during fiscal year 2022.

15 207
City of Pittsburg
Management's Discussion and Analysis
For the year ended June 30, 2022

As of June 30, 2022, the $79.1M in Business-Type Acti vities Long Term Debt comprised of two Water Revenue bonds of, $23.1M and $46.3M and a California Infrastructure and Economic Development Bank (I-Bank) loan for financing the modifications of Pittsburg Water Treatment Plant and other infrastructures in the amount of $9.7M.

City of Pittsburg
Long-Term Debt
June 30, 2022
2021 2022 2021 2022 2021 2022
Pension Obligation Bonds 32,872,243$ 32,153,097$ -$ -$ $ 32,872,243 $ 32,153,097 Energy Conservation Loan 72,853 - - - 72,853 - Capital Lease - VOIP 121,208 - - - 121,208 - PG&E Efficient Loan 145,756 124,427 - - 145,756 124,427 Capital Lease-Fleet Vehicles/Street
Sweeper 287,415 175,684 - - 287,415 175,684 Capital Lease-Fleet Equipment 162,683 110,483 - - 162,683 110,483 Capital Lease- Vehicles/Equipment 609,754 443,447 609,754 443,447 2008 A Revenue Bonds - - - - - - 2016 Water Revenue Refunding Bonds - - 24,570,000 23,120,000 24,570,000 23,120,000 2022 Water Revenue Refunding Bonds - 46,264,337
2014 I-Bank Loan - - 9,944,520 9,673,649 9,944,520 9,673,649 Total 34,271,912$ 33,007,138$ 34,514,520$ 79,057,986$ 68,786,432$ 65,800,787$ Governmental Activities Business-Type Activities Total
Please see more detailed information regarding the City's outstanding debt in Note 8 of the Basic Financial Statements.

Looking Forward
The City is proud of the results of th e current year’s activities. The Departme nt Heads and their staff take a great
deal of pride providing top quality services to the residents and business community, while being fiscally conservative. This approach requires City staff to consistently monitor al l of the expenses while exploring and utilizing every alternative revenue source.

Requests for Information – This financial report is designed to provide a general overview of the finances for the City of Pittsburg. Questions concerning any of the information provided in this report or requests for additional financial information shou ld be addressed to the City of P ittsburg, Finance Department, 65 Civic Avenue, Pittsburg, California 94565.
16 208
BASIC

FINANCIAL

STATEMENTS
17 209

CITY OF PITTSBURG
Annual Comprehensive Financial Report
June 30, 2022
210

GOVERNMENT-WIDE

FINANCIAL

STATEMENTS
19 211

CITY OF PITTSBURG
Annual Comprehensive Financial Report
June 30, 2022
212
City of Pittsburg

STATEMENT OF NET POSITION
Governmental Business-T ype
Activities Activities Total
ASSETS
Current assets:

Cash and investments (Note 2) 86,992,939$ 61,173,494$ 148,166,433$ Restricted cash and investments (Note 2) 6,091,395 45,811,106 51,902,501 Receivables:

Accounts 8,655,700 6,012,565 14,668,265
Interest 298,945 - 298,945
Loans/notes (Note 3) 33,615,205 - 33,615,205 Internal balances (Note 1H) (480,755) 480,755 -
Inventory 791,534 218,170 1,009,704
Prepaid items and other assets 41,188 34,488 75,676
Total current assets 136,006,151 113,730,578 249,736,729 Noncurrent assets:

Leases (Note 4) 560,423 21,611,059 22,171,482
Capital assets (Note 7):

Land and nondepreciable assets 55,526,888 29,811,559 85,338,447 Depreciable capital assets, net of accumulated depreciation 181,957,364 128,884,252 310,841,616 Total capital assets, net 237,484,252 158,695,811 396,180,063 Total Assets 374,050,826 294,037,448 668,088,274 Pension related (Note 12) 12,337,391 1,753,426 14,090,817 OPEB related (Note 13) 1,611,192 548,381 2,159,573
Total Deferred Outflows of Resources 13,948,583 2,301,807 16,250,390

LIABILITIES
Current liabilities:

Accounts payable 4,571,472 2,120,116 6,691,588
Salaries payable 1,365,831 - 1,365,831
Interest payable (Note 1J) 649,695 638,814 1,288,509
Refundable deposits 3,343,047 1,724,360 5,067,407
Taxes payable 15,859 232,770 248,629
Loans payable 203,769 - 203,769
Lease liabilities - due within one year (Note 4B) 175,618 - 175,618 Unearned revenue (Note 5) 9,097,954 2,269,519 11,367,473 Claims and judgment payable-due within one year (Note 11) 91,944 - 91,944 Compensated absences - due within one year (Note 1M) 2,423,752 589,309 3,013,061 Long-term debt - due within one year (Note 8) 2,919,066 1,780,379 4,699,445 Total current liabilities 24,858,007 9,355,267 34,213,274 Noncurrent liabilities:

Compensated absences - due in more than one year (Note 1M) 807,918 196,426 1,004,344 Lease liabilities - due in more than one year (Note 4B) 1,102,152 - 1,102,152 Net pension liability - due in more than one year (Note 12) 33,915,553 5,532,729 39,448,282 Net OPEB liability - due in more than one year (Note 13) 23,498,388 7,995,060 31,493,448 Long-term debt - due in more than one year (Note 8) 30,088,072 77,277,607 107,365,679 Total noncurrent liabilities 89,412,083 91,001,822 180,413,905 Total Liabilities 114,270,090 100,357,089 214,627,179 Lease related (Note 4) 533,746 21,998,828 22,532,574 Pension related (Note 12) 19,214,708 3,629,791 22,844,499 OPEB related (Note 13) 4,522,442 1,542,951 6,065,393
Total Deferred Inflows of Resources 24,270,896 27,171,570 51,442,466 Net investment in capital assets 235,352,441 125,448,931 360,801,372 Restricted for:

Capital projects 20,896,600 15,034,546 35,931,146 Debt service 3,256,850 4,536,053 7,792,903
Facility fee reserve - 13,636,237 13,636,237
Total restricted net position 24,153,450 33,206,836 57,360,286 Unrestricted (10,047,468) 10,154,829 107,361
Total Net Position 249,458,423$ 168,810,596$ 418,269,019$ See accompanying notes to financial statements
June 30, 2022

DEFERRED OUTFLOWS OF RESOURCES

DEFERRED INFLOWS OF RESOURCES
NET POSITION (Note 10)
21 213
City of Pittsburg

STATEMENT OF ACTIVITIES
For the Year Ended June 30, 2022
Net (Expense) Revenue and
Program Revenues Changes in Net Position
Operating Capital
Charges for Grants and Grants and Governmental Business-type Functions/Programs Expenses Services Contributi ons Contributions Activities Activities Total Governmental Activities:

General government 5,194,195$ 10,904,854$ 32,516$ 1,011,269$ 6,754,444$ 6,754,444$ City Council 114,746 - - - (114,746) (114,746)
City Manager and City Clerk 619,916 - - - (619,916) (619,916) City Attorney 355,269 - - - (355,269) (355,269)
Human resources 1,200,350 113,422 - - (1,086,928) (1,086,928) Finance and services 2,361,777 177,580 - - (2,184,197) (2,184,197) Community development and services 33,049,148 15,942,608 20,308,124 109,804 3,311,388 3,311,388 Public safety 29,208,631 2,238,825 409,417 - (26,560,389) (26,560,389) Public works 14,071,228 4,769,838 451,132 211,286 (8,638,972) (8,638,972) Interest on long-term debt 3,739,936 - - - (3,739,936) (3,739,936) Total Governmental Activities 89,915,196 34,147,127 21,201,189 1,332,359 (33,234,521) (33,234,521) Business-type Activities:

Water Utility 20,438,566 27,544,712 - - - 7,106,146$ 7,106,146 Sewer Utility 3,002,251 5,033,314 - - - 2,031,063 2,031,063 Marina 2,673,031 2,254,835 - - - (418,196) (418,196) Pittsburg Power 9,088,956 9,470,936 121,518 534,140 - 1,037,638 1,037,638 Water Front Operations 486,519 871,163 3,673 - - 388,317 388,317 Total Business-type Activities 35,689,323 45,174,960 125,191 534,140 - 10,144,968 10,144,968 Total 125,604,519$ 79,322,087$ 21,326,380$ 1,866,499$ (33,234,521) 10,144,968 (23,089,553) General revenues:

Taxes:

Property taxes 4,895,005 - 4,895,005
Sales taxes 20,597,815 - 20,597,815
Franchise taxes 5,854,635 - 5,854,635
Gas taxes 3,250,828 - 3,250,828
Business license taxes 701,697 - 701,697
Transient occupancy taxes 505,971 - 505,971
Motor Vehicle in-lieu (unrestricted) 5,863,791 - 5,863,791 Investment earnings-unrestricted (2,863,079) 312,307 (2,550,772) Transfers (Note 6C) 1,543,752 (1,543,752) - Total General Revenues and Transfers 40,350,415 (1,231,445) 39,118,970 Change in Net Position 7,115,894 8,913,523 16,029,417 Net Position - Beginning of Year 242,342,529 159,897,073 402,239,602 Net Position-End of Year 249,458,423$ 168,810,596$ 418,269,019$ See accompanying notes to financial statements
22 214

FUND FINANCIAL

STATEMENTS
Governmental Fund Financial Statements
Proprietary Fund Financial Statements
Fiduciary Fund Financial Statements
23 215

CITY OF PITTSBURG
Annual Comprehensive Financial Report
June 30, 2022
216

GOVERNMENTAL FUND

FINANCIAL STATEMENTS
General Fund is used for all the general revenues of the City not specifically levied or collected for other City funds and the related expendit ures. The General Fund accounts for all financial resources which are not accounted for in another fund. The Gene ral Fund includes the Budget Stabilization and Economic Development fund balances and activity.

Housing Authority (Section 8) Special Revenue Fund
was established to administer grants from the
Housing and Urban Development Department (HUD) to subsidize the rental costs of low-income families and homeless veterans.

Successor Agency Housing Special Revenue Fund was established to account for activities related to the assets assumed by the City as Housing Successor to the Pittsburg Redevelopment Agency for the housing activities of the former Redevelopment Agency.

Miscellaneous Grants Fund – This fund receives various grants to administer the police, recreation, and public services and the American Rescue Plan Funding.
25 217
City of Pittsburg
Balance Sheet
Governmental Funds
June 30, 2022
Housing Successor
General Authority Agency
Fund (Section 8) Housing
ASSETS
Cash and investments (Note 2) 33,134,374$ 203,736$ 5,191,090$ Restricted cash and investments (Note 2) - 100,000 500,000 Receivables:

Accounts 6,250,288 160,552 -
Interest 298,945 - -
Loans and notes (Note 3) 1,780,926 - 27,523,909 Leases (Note 4) - - -
Due from other funds (Note 6A) 469,336 - -
Inventory 61,506 1,374 -
Prepaid items and other assets 11,277 5,068 -
Advances to other funds (Note 6B) - - 1,551,531
Total Assets 42,006,652$ 470,730$ 34,766,530$

LIABILITIES, DEFERRED INFLOWS OF RESOURCES AND FUND BALANCES Liabilities:

Accounts payable 1,625,060$ 17,785$ 4,523$
Salaries payable 823,755 - -
Taxes payable 15,859 - -
Refundable deposits 3,092,956 4,380 -
Loans payable - 100,000 -
Unearned revenue (Note 5B) 284,639 99,232 -
Due to other funds (Note 6A) - - -
Advances from other funds (Note 6B) 1,853,740 - 380,000 Total Liabilities 7,696,009 221,397 384,523 Deferred Inflows of Resources:

Leases (Note 4) - - -
Unavailable revenue (Note 5B) 604,849 - 27,523,909
Total Deferred Inflows of Resources 604,849 - 27,523,909 Total Liabilities and Deferred Inflows of Resources 8,300,858 221,397 27,908,432 Fund Balances (Note 10):

Nonspendable 1,248,860 6,442 -
Restricted - 242,891 6,858,098
Committed - - -
Assigned 1,509,170 - -
Unassigned 30,947,764 - -
Total Fund Balances 33,705,794 249,333 6,858,098
Total Liabilities, Deferred Inflows of Resources and Fund Balances 42,006,652$ 470,730$ 34,766,530$ See accompanying notes to basic financial statements
26 218
Other Total
Miscellaneous Governmental Governmental
Grants Funds Funds
8,501,402$ 34,446,607$ 81,477,209$ - 3,248,359 3,848,359
115,503 2,090,039 8,616,382
- - 298,945
- 4,310,370 33,615,205
- 560,423 560,423
- - 469,336
57,167 234,308 354,355
- 11,823 28,168
- 3,787,258 5,338,789
8,674,072$ 48,689,187$ 134,607,171$ 21,879$ 2,614,177$ 4,283,424$
- - 823,755
- - 15,859
- 245,711 3,343,047
- 103,769 203,769
8,594,015 120,068 9,097,954
- 468,463 468,463
- 3,480,049 5,713,789
8,615,894 7,032,237 23,950,060 - 533,746 533,746
- 4,206,601 32,335,359
- 4,740,347 32,869,105
8,615,894 11,772,584 56,819,165 57,167 3,731,180 5,043,649
1,011 30,980,990 38,082,990
- 5,836,570 5,836,570
- 54,207 1,563,377
- (3,686,344) 27,261,420
58,178 36,916,603 77,788,006
8,674,072$ 48,689,187$ 134,607,171$ 27 219
City of Pittsburg
Reconciliation of the
Governmental Funds Balance Sheet
with the Statement of Net Position
Total fund balances reported on the Governmental Funds Balance Sheet 77,788,006$ Amounts reported for Governmental Activities in the Statement of Net Position are different from those reported in the Governmental Funds above because of the following:

CAPITAL ASSETS
Capital assets used in Governmental Activities are not current assets or financial resources and therefore are not reported in the Governmental Funds. $235,341,980

LONG-TERM ASSETS AND LIABILITIES
The assets and liabilities below are not due and payable in the current period and therefore are not reported in the Governmental Funds:

Lease liabilities (1,277,770)
Long-term debt (32,153,097)
Interest payable (649,695)
Compensated absences (3,064,000)
Net pension liability and related deferred inflows/outflows (40,792,870) Net OPEB liability and related deferred inflows/outflows (26,409,638)

ACCRUAL OF NON-CURRENT ITEMS
The amounts below included in the Statement of Activities do not provide or (require) the use of current financial resources and therefore are not reported as assets or liabilities in the Governmental Funds:

Unavailable revenue 32,335,359

ALLOCATION OF INTERNAL SERVICE FUND NET POSITION
Internal Service Funds are not Governmental Funds. However, they are used by management to charge the costs of certain activities, such as insurance and central services and maintenance to individual Governmental Funds. The net current assets of the Internal Service Funds are therefore included in Governmental Activities in the following line items on the Statement of Net Position.

Cash and investments 7,758,766
Accounts receivable 39,318
Inventory 437,179
Prepaid and other assets 13,020
Capital assets 2,142,272
Accounts and salaries payable (830,124)
Compensated absences (167,670)
Due to other funds (873)
Advance from other funds (105,755)
Claims and judgments payable (91,944)
Capital lease (854,041)
NET POSITION OF GOVERNMENTAL ACTIVITIES 249,458,423$
See accompanying notes to financial statements
June 30, 2022
28 220

CITY OF PITTSBURG
Annual Comprehensive Financial Report
June 30, 2022
221
City of Pittsburg
Statement of Revenues, Expenditures and Changes in Fund Balances Governmental Funds
For the year ended June 30, 2022
Housing Successor
General Authority Agency
Fund (Section 8) Housing
REVENUES:

Property tax 4,493,882$ -$ -$
Sales tax 20,597,815 - -
Franchise tax 5,702,401 - -
Other taxes 1,750,488 - -
Intergovernmental revenues 10,592,046 19,791,910 -
Permits, licenses, and fees 1,177,373 - -
Fines and forfeitures 411,082 - -
Special assessments - - -
Service fees 4,180,936 1,361,991 7,540
Use of money and property (3,321,612) - 130,296
Other revenues 3,066,655 389,657 339,767
Total Revenues 48,651,066 21,543,558 477,603
EXPENDITURES:

Current:

General government 4,234,846 - -
City Council 114,746 - -
City Manager and City Clerk 596,844 - -
City Attorney 350,164 - -
Human resources 1,258,824 - -
Finance and services 1,664,064 - -
Community development and services 7,683,568 21,634,991 257,032 Public safety 31,664,917 - -
Public works - administration 105,783 - -
Public works - streets 3,079,822 - -
Public works - parks 235,187 - -
Capital outlay and improvements - - -
Debt service:

Principal retirement - - 100,263
Interest and fiscal charges - - 21,326
Total Expenditures 50,988,765 21,634,991 378,621

EXCESS (DEFICIENCY) OF REVENUES
OVER (UNDER) EXPENDITURES (2,337,699) (91,433) 98,982 OTHER FINANCING SOURCES (USES):

Proceeds from sale of property 534,139 - -
Transfers in (Note 6C) 5,088,144 75,000 -
Transfers out (Note 6C) (4,091,950) (18,680) (75,562) Total Other Financing Sources (uses) 1,530,333 56,320 (75,562) NET CHANGE IN FUND BALANCES (807,366) (35,113) 23,420 FUND BALANCES:

Beginning of year 34,513,160 284,446 6,834,678
End of year 33,705,794$ 249,333$ 6,858,098$
See accompanying notes to basic financial statements
30 222
Other Total
Miscellaneous Governmental Governmental
Grants Funds Funds
-$ -$ 4,493,882$
- - 20,597,815
- 152,234 5,854,635
- 6,396,765 8,147,253
295,364 3,056,963 33,736,283
- 3,156,402 4,333,775
- 18,586 429,668
- 4,437,648 4,437,648
- 4,417,759 9,968,226
3,247 962,482 (2,225,587)
83,356 2,001,015 5,880,450
381,967 24,599,854 95,654,048
- 78,320 4,313,166
- - 114,746
- - 596,844
- - 350,164
- - 1,258,824
- 271,196 1,935,260
98,787 3,810,217 33,484,595
205,285 681,765 32,551,967
- 538,571 644,354
- 7,045,929 10,125,751
- - 235,187
- 2,345,737 2,345,737
- 2,538,197 2,638,460
- 1,779,599 1,800,925
304,072 19,089,531 92,395,980
77,895 5,510,323 3,258,068
- - 534,139
- 6,486,837 11,649,981
(77,894) (6,240,233) (10,504,319)
(77,894) 246,604 1,679,801
1 5,756,927 4,937,869
58,177 31,159,676 72,850,137
58,178$ 36,916,603$ 77,788,006$
31 223
City of Pittsburg
Reconciliation of the
Net Change in Fund Balances-Total Governmental Funds
with the Statement of Activities
For the year ended June 30, 2022
The schedule below reconciles the Net Changes in Fund Balances reported on the Governmental Funds Statement of Revenues, Expenditures and Changes in Fund Balance, which measures only changes in current assets and current liabilities on the modified accrual basis, with the Change in Net Position of Governmental Activities reported in the Statement of Activities, which is prepared on the full accrual basis.

NET CHANGE IN FUND BALANCES - TOTAL GOVERNMENTAL FUNDS 4,937,869$ Amounts reported for Governmental Activities in the Statement of Activities are different because of the following:

CAPITAL ASSETS TRANSACTIONS
Governmental Funds report capital outlays as expenditures. However, in the Statement of Activities the cost of those assets is capitalized and allocated over their estimated useful lives and reported as depreciation expense.

The capital additions from the following departments are therefore added back to fund balance:

Capital outlay 2,345,737
Amount charged to public works department 4,917,276
Net retirements are deducted from fund balance (552,871) Depreciation and amortization expense is deducted from the fund balance (Depreciation expense is net of Internal Service Fund depreciation $872,852 which has already been allocated to serviced funds.) (9,749,260)

LONG TERM DEBT AND PAYMENTS
Repayment of debt and lease principal is added back to fund balance 2,638,460 Accreted interest is deducted from fund balance (1,685,854)

ACCRUAL OF NON-CURRENT ITEMS
The amounts below included in the Statement of Activities do not provide or (require) the use of current financial resources and therefore are not reported as revenue or expenditures in governmental funds (net change):

Interest payable 25,283
Deferred revenue (432,357)
Compensated absences 186,200
Net pension liability, deferred inflows and deferred outflows 1,164,409 Net OPEB liability, deferred inflows and deferred outflows 4,183,185

ALLOCATION OF INTERNAL SERVICE FUND ACTIVITY
Internal Service Funds are used by management to charge the costs of certain activities, such as equipment acquisition, maintenance, and insurance to individual funds.

The portion of the net revenue (expense) of these Internal Service Funds arising out of their transactions with governmental funds is reported with governmental activities, because they service those activities.

Change in Net Position - All Internal Service Funds (862,183) CHANGE IN NET POSITION OF GOVERNMENTAL ACTIVITIES 7,115,894$ See accompanying notes to financial statements
32 224

PROPRIETARY FUND

FINANCIAL STATEMENTS
The enterprise funds account for activities that are financed and operated in a manner similar to private business enterprises. The City Council has determ ined that the costs of providing the following services to the public be recovered primarily through user charges.

Water Utility Fund – This fund accounts for the revenues and expenses associated with management, operation, and maintenance of wate r treatment and distribution system to water customers of the City of Pittsburg. It also accounts for the maintenance of water plant, distributi on reservoirs, and water lines.

Sewer Utility Fund – This fund accounts for the revenu es and expenses associated with the maintenance and repair of 126 mile s of sewer mains, sewer lift statio ns and sewer laterals within the City's right-of-way.

Marina Fund – This fund accounts for the revenues receiv ed from Marina berth rentals, from sales of gasoline, and expenditures from operation and maintenance.

Pittsburg Power Fund – This fund was created by the Joint Powers Agreement between the City of Pittsburg and the Redevelopment Agency to develop revenue streams, to manage different activities for power related projects, capital improvement projec ts, and bond issuance process. This fund also accounts for expenditures incurred in maintenance of th e facilities, in distributing gas and electricity to
the industries, schools, business, and residents of Ma re Island, in Vallejo, and to account for revenues collected from services to customers.

Water Front Operations Fund – This fund was created for the collection of rents and other trust revenues from the tidelands granted by the Contra Costa County Local Agency Formation Commission within Pittsburg's city limits. The City shall submit a plan indicating details of intended development, preservation, or other use of the trust lands. Any use of the trust lands shall be consistent with the plan as approved by the Commission.
33 225
City of Pittburg
Statement of Net Position
Proprietary Funds
June 30, 2022
Major Enterprise Funds
Water Sewer
Utility Utility Marina
ASSETS
Current assets:

Cash and investments (Note 2) 40,081,157$ 9,492,233$ 1,406,403$ Restricted cash and investments (Note 2) 45,811,106 - - Receivables:

Accounts 3,629,690 663,342 59,215
Leases receivable (Note 4) - - 602,426
Inventory 128,301 24,823 9,149
Prepaid items and other assets 30,909 195 3,384
Total current assets 89,681,163 10,180,593 2,080,577
Noncurrent assets:

Advance to other funds (Note 6B) - 105,755 -
Capital assets (Note 7):

Land and nondepreciable assets 16,786,236 9,245,042 44,436 Depreciable assets, net 73,894,059 35,154,762 10,521,094 Total noncurrent assets 90,680,295 44,505,559 10,565,530 Total Assets 180,361,458 54,686,152 12,646,107

DEFERRED OUTFLOWS OF RESOURCES
Pension related (Note 12) 851,663 200,391 150,294
OPEB related (Note 13) 287,134 76,440 63,212
Total Deferred Outflow of Resources 1,138,797 276,831 213,506

LIABILITIES
Current liabilities:

Accounts payable 1,101,135 421,841 22,197
Salaries payable - - -
Refundable deposits 1,474,256 5,000 91,466
Taxes payable - - 30,733
Accrued interest payable 638,814 - -
Due to other funds (Note 6A) - - -
Advance from other funds (Note 6B) - - -
Unearned revenue (Note 4B) - - -
Compensated absences payable - due within one year (Note 1M) 329,217 83,455 40,827 Claims and judgments payable - due within one year (Note 11) - - - Long-term debt - due within one year (Note 8) 1,780,379 - - Total current liabilities 5,323,801 510,296 185,223
Noncurrent liabilities:

Compensated absences payable - due in more than one year (Note 1M) 109,739 27,818 13,598 Net pension liability - due in more than one year (Note 12) 2,687,325 632,312 474,234 Net OPEB liability - due in more than one year (Note 13) 4,180,078 1,121,742 931,258 Long-term debt - due in more than one year (Note 8) 77,277,607 - - Total noncurrent liabilities 84,254,749 1,781,872 1,419,090 Total Liabilities 89,578,550 2,292,168 1,604,313

DEFERRED INFLOWS OF RESOURCES
Lease related (Note 4) - - 587,217
Pension related (Note 12) 1,763,041 414,833 311,125
OPEB related (Note 13) 815,428 206,708 166,744
Total Deferred Inflows of Resources 2,578,469 621,541 1,065,086 NET POSITION (Note 10)
Net investment in capital assets 57,433,415 44,399,804 10,565,530 Restricted for:

Capital projects 8,270,175 5,160,603 40,000
Debt service 4,536,053 - -
Special purpose - - -
Facility fees 13,113,854 522,383 -
Unrestricted 5,989,739 1,966,484 (415,316)
Total Net Position 89,343,236$ 52,049,274$ 10,190,214$ See accompanying notes to basic financial statements
34226
Governmental
Major Enterprise Funds Total Activities
Pittsburg Water Front Enterprise Internal
Power Operations Funds Service Funds
8,446,538$ 1,747,163$ 61,173,494$ 5,515,730$ - - 45,811,106 2,243,036
1,656,645 3,673 6,012,565 39,318
4,000,733 17,007,900 21,611,059 -
55,897 - 218,170 437,179
- - 34,488 13,020
14,159,813 18,758,736 134,860,882 8,248,283 375,000 - 480,755 -
3,722,172 13,673 29,811,559 -
7,765,578 1,548,759 128,884,252 2,142,272 11,862,750 1,562,432 159,176,566 2,142,272 26,022,563 20,321,168 294,037,448 10,390,555 450,881 100,197 1,753,426 -
106,036 15,559 548,381 -
556,917 115,756 2,301,807 -
315,516 259,427 2,120,116 288,048
- - - 542,076
46,077 107,561 1,724,360 -
202,037 - 232,770 -
- - 638,814 -
- - - 873
- - - 105,755
1,279,741 989,778 2,269,519 -
114,435 21,375 589,309 125,752
- - - 91,944
- - 1,780,379 364,066
1,957,806 1,378,141 9,355,267 1,518,514
38,146 7,125 196,426 41,918
1,422,702 316,156 5,532,729 -
1,545,041 216,941 7,995,060 -
- - 77,277,607 489,975
3,005,889 540,222 91,001,822 531,893
4,963,695 1,918,363 100,357,089 2,050,407 3,947,358 17,464,253 21,998,828 -
933,375 207,417 3,629,791 -
298,755 55,316 1,542,951 -
5,179,488 17,726,986 27,171,570 -
11,487,750 1,562,432 125,448,931 1,288,231 1,003,441 560,327 15,034,546 -
- - 4,536,053 -
- - - 2,242,181
- - 13,636,237 -
3,945,106 (1,331,184) 10,154,829 4,809,736
16,436,297$ 791,575$ 168,810,596$ 8,340,148$ 35 227
City of Pittsburg
Statement of Revenues, Expenses and Changes in Net Position Proprietary Funds
For the Year Ended June 30, 2022
Major Enterprise Funds
Water Sewer
Utility Utility Marina
OPERATING REVENUES:

Charges for services 25,253,091$ 4,920,836$ 1,320,573$ Meter fees 48,281 - -
Other fees 394,436 - -
Facility reserve fees 1,428,339 31,998 -
Rent and concessions - - 51,001
Gas and oil sales - - 807,159
Other operating revenues 420,565 80,480 76,102
Total Operating Revenues 27,544,712 5,033,314 2,254,835 OPERATING EXPENSES:

Salaries and wages 3,642,025 932,035 478,824
Department supplies 8,301,059 64,639 608,742
Rentals 34,563 185 18,041
Utilities 1,035,613 9,456 190,579
Maintenance and operations 1,146,160 270,560 205,418
Depreciation (Note 7) 1,717,061 705,040 446,109
Insurance premiums - - -
Insurance deductible 273,869 77,030 66,469
Fringe benefits 1,399,946 703,638 515,033
Other operating expenses 992,183 240,182 143,816
Total Operating Expenses 18,542,479 3,002,765 2,673,031 OPERATING INCOME (LOSS) 9,002,233 2,030,549 (418,196)
NONOPERATING REVENUES (EXPENSES):

Investment earnings 310,932 75,828 30,454
Intergovernmental - - -
Interest and fiscal charges (1,896,087) 514 -
Gain (loss) on disposal of assets (554) 9,597 -
Total Nonoperating Revenues (Expenses) (1,585,709) 85,939 30,454 INCOME (LOSS) BEFORE CONTRIBUTIONS AND TRANSFERS 7,416,524 2,116,488 (387,742) CONTRIBUTIONS AND TRANSFERS:

Contributed capital - - -
Transfers in (Note 6C) 862,090 - -
Transfers out (Note 6C) (397,893) (878,086) (16,994)
Total Contributions and Transfers 464,197 (878,086) (16,994) Change in Net Position 7,880,721 1,238,402 (404,736)
NET POSITION:

Beginning of Year 81,462,515 50,810,872 10,594,950
End of Year 89,343,236$ 52,049,274$ 10,190,214$ See accompanying notes to basic financial statements
36 228
Major Enterprise Funds Governmental
Total Activities
Pittsburg Water Front Enterprise Internal
Power Operations Funds Service Funds
7,347,580$ 1,740$ 38,843,820$ 11,809,025$
- - 48,281 -
1,012,054 - 1,406,490 -
- - 1,460,337 -
222,923 867,954 1,141,878 -
- - 807,159 -
888,379 1,469 1,466,995 38,043
9,470,936 871,163 45,174,960 11,847,068
1,667,056 243,370 6,963,310 1,205,067
3,128,708 611 12,103,759 1,129,537
49,085 62 101,936 42,435
66,946 - 1,302,594 363,590
1,586,025 67,523 3,275,686 1,385,399
582,967 5,415 3,456,592 872,852
248,910 - 248,910 2,533,053
78,758 27,543 523,669 219,812
867,664 (227,857) 3,258,424 5,108,464
812,837 369,852 2,558,870 38,407
9,088,956 486,519 33,793,750 12,898,616
381,980 384,644 11,381,210 (1,051,548)
374,095 (445,328) 345,981 (278,440)
121,518 3,673 125,191 -
- - (1,895,573) -
(42,717) - (33,674) 69,715
452,896 (441,655) (1,458,075) (208,725)
834,876 (57,011) 9,923,135 (1,260,273)
534,140 - 534,140 -
57,600 - 919,690 420,000
(1,157,126) (13,343) (2,463,442) (21,910)
(565,386) (13,343) (1,009,612) 398,090
269,490 (70,354) 8,913,523 (862,183)
16,166,807 861,929 159,897,073 9,202,331
16,436,297$ 791,575$ 168,810,596$ 8,340,148$ 37 229
City of Pittsburg
Statement of Cash Flows
Proprietary Funds
For the Year Ended June 30, 2022
Major Enterprise Funds
Water Sewer
Utility Utility Marina
CASH FLOWS FROM OPERATING ACTIVITIES:

Cash received from customers 27,662,814$ 5,055,830$ 2,143,238$ Cash receipts from interfund services provided - - -
Cash payments to suppliers of goods and services (11,692,337) (1,046,167) (1,309,215) Cash payments to or on behalf of employees for services (6,388,468) (1,684,405) (905,752) Other operating revenues 420,565 80,480 76,102
Net cash provided (used) by operating activities 10,002,574 2,405,738 4,373 CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES:

Interfund receipts - 559,235 -
Intergovernmental receipts - - -
Interfund payments - - -
Transfers in 862,090 - -
Transfers out (397,893) (878,086) (16,994) Net cash provided (used) by noncapital financing activities 464,197 (318,851) (16,994) CASH FLOWS FROM CAPITAL AND RELATED FINANCING ACTIVITIES:

Proceeds from long-term debt issuance 46,264,337 - -
Principal paid on long-term debt (1,720,871) - -
Interest and fiscal charges paid on long-term debt (1,876,310) - - Payments made on capital lease - - -
Proceeds from sale of capital assets - 9,597 -
Acquisition of capital assets (1,349,861) (3,573,328) (3,674) Net cash provided (used) by capital and related financing activities 41,317,295 (3,563,731) (3,674) CASH FLOWS FROM INVESTING ACTIVITIES:

Interest on and change in market values of investments 310,932 75,828 30,454 Net cash provided (used) by investing activities 310,932 75,828 30,454 Net increase (decrease) in cash and cash equivalents 52,094,998 (1,401,016) 14,159 CASH AND CASH EQUIVALENTS:

Beginning of Year 33,797,265 10,893,249 1,392,244
End of Year 85,892,263$ 9,492,233$ 1,406,403$

RECONCILIATION OF OPERATING INCOME (LOSS) TO NET
CASH PROVIDED (USED) BY OPERATING ACTIVITIES:

Operating income (loss) 9,002,233$ 2,030,549$ (418,196)$ Adjustments to reconcile operating income (loss) to
net cash provided (used) by operating activities:

Depreciation 1,717,061 705,040 446,109
Changes in operating assets and liabilities:

Accounts receivable 534,161 102,668 (35,355)
Loans receivable - - -
Inventory 1 - -
Prepaid items 4,505 328 (140)
Leases receivable and related deferred inflows of resources - - (15,209) Accounts payable 52,865 (384,115) (77,191) Salaries and wages payable - - -
Refundable deposits 38,245 - 9,338
Taxes payable - - 6,912
Unearned revenue - - -
Compensated absences (45,832) (22,819) (21,555)
Due to retirement system (583,481) (137,290) (102,968) Due to OPEB system (717,184) 111,377 212,628 Insurance claims payable - - -
Net cash provided (used) by operating activities $ 10,002,574 $ 2,405,738 $ 4,373 NON-CASH TRANSACTIONS:

Retirement of capital assets $ (555) $ - $ -
See accompanying notes to basic financial statements
38 230
Major Enterprise Funds Governmental
Total Activities
Pittsburg Water Front Enterprise Internal
Power Operations Funds Service Funds
8,106,657$ 2,127,568$ 45,096,107$ -$ - - - 11,770,253
(6,335,959) (260,194) (20,643,872) (5,762,930)
(2,784,923) (25,401) (11,788,949) (5,718,156)
888,379 1,469 1,466,995 1,237,832
(125,846) 1,843,442 14,130,281 1,526,999
- - 559,235 873
121,518 3,673 125,191 -
- - - (815,016)
57,600 - 919,690 420,000
(1,157,126) (13,343) (2,463,442) (21,910)
(978,008) (9,670) (859,326) (416,053)
- - 46,264,337 -
- - (1,720,871) -
- - (1,876,310) -
- - - (472,775)
69,882 - 79,479 223,296
(996,766) - (5,923,629) (233,826)
(926,884) - 36,823,006 (483,305)
416,812 (445,328) 388,698 (278,458)
416,812 (445,328) 388,698 (278,458)
(1,613,926) 1,388,444 50,482,659 349,183
10,060,464 358,719 56,501,941 7,409,583
8,446,538$ 1,747,163$ 106,984,600$ 7,758,766$ 381,980$ 384,644$ 11,381,210$ (1,051,548)$ 582,967 5,415 3,456,592 872,852
(556,020) 800,616 846,070 1,161,017
196,571 - 196,571 -
5,204 - 5,205 8,824
- 34,491 39,184 23,641
(53,375) 456,353 387,769 -
(411,561) 171,397 (648,605) 67,742
- - - 535,797
(19,996) 34,000 61,587 -
120,242 - 127,154 -
(121,655) 422,767 301,112 -
(32,940) (17,308) (140,454) 42,247
(308,902) (68,645) (1,201,286) - 91,639 (380,288) (681,828) -
- - - (133,573)
$ (125,846) $ 1,843,442 $ 14,130,281 $ 1,526,999 $ - $ - (555)$ $ -
39 231

CITY OF PITTSBURG
Annual Comprehensive Financial Report
June 30, 2022
232

FIDUCIARY FUND

FINANCIAL STATEMENTS
The fiduciary funds account for resources received an d are held by the City in a fiduciary capacity.

Disbursements are made in accordance with the trust agreement or applicable legislative enactment for each fund.

Successor Agency to the Redevelopment Agency Private – Purpose Trust – This fund was established to account for the activities of the Successor Agency to the former Redevelopment Agency of the City of Pittsburg.

Custodial Funds – These funds are used to report resources, no t in a trust, that are held by the City for other parties outside the City’s reporting entity.
41 233

CITY OF PITTSBURG
Annual Comprehensive Financial Report
June 30, 2022
234
City of Pittsburg
Statement of Fiduciary Net Position
June 30, 2022
Successor Agency
to the
Redevelopment Agency
ASSETS Private-Purpose Trust Fund Custodial Funds
Cash and investments (Note 2) 2,443,848$ 5,423,580$
Cash and investments held by fiscal agent (Note 2) 42,805,828 3,041,121 Assessment receivable - 1,040,458
Inventory 16,821 -
Loans receivable (Notes 15A) 7,412,561 -
Capital assets (Note 15B):

Land 2,728,298 -
Depreciable capital assets, net 1,415,961 -
Total Assets 56,823,317 9,505,159

LIABILITIES
Accounts payable 6,409 529,691
Interest payable 5,732,806 -
Deferred assessments:

Due within one year 28,040 1,094,351
Due within more than one year 9,347 -
Long-term debt (Note 15C):

Due in one year 24,250,000 -
Due in more than one year 178,991,199 -
Total Liabilities 209,017,801 1,624,042

NET POSITION
Held in Trust for Private Purpose (152,194,484) -
Restricted for bondholders - 7,881,117
Total Net Position (Deficit) (152,194,484)$ 7,881,117$ See accompanying notes to financial statements
43 235
City of Pittsburg
Statement of Changes in Fiduciary Net Position
For the Year Ended June 30, 2022
Successor Agency
to the
Redevelopment Agency
ADDITIONS Private-Purpose Trust Custodial Funds
Property tax and special assessments 32,146,744$ 3,784,470$ Use of money and property 171,125 47,746
Other revenues 16,514 -
Total Additions 32,334,383 3,832,216

DEDUCTIONS
General administration 401,344 1,241,462
Pass -thru payments 7,267 -
Loss on disposition of capital assets 268,969 -
Depreciation expense (Note 15B) 43,542 -
Payment to bond holders - 2,308,430
Interest and fiscal charges 12,428,382 -
Total Deductions 13,149,504 3,549,892
Change in Net Position 19,184,879 282,324

NET POSITION (DEFICIT)
Beginning of Year (171,379,363) 7,598,793
End of Year (152,194,484)$ 7,881,117$
See accompanying notes to financial statements
44 236
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The basic financial statements of the City of Pitt sburg, California, (City) have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to governmental a g e n c i e s . T h e G o v e r n m e n t a l A c c o u n t i n g S t a n d a r d s B o a r d s ( G A S B ) i s t h e a c c e p t e d s t a n d a r d s e t t i n g body for establishing governmental accounting and financial reporting principles. The more significant of the City’s accounting policies are described below.

A. Reporting Entity
The City was incorporated under th e General Laws of the State of Ca lifornia and enjoys all the rights and privileges pertaining to such “General Law” citi es. The City uses the Ci ty Council/Manager form of government. The financial reporting entity cons ists of (a) the primary government, the City, (b) organizations for which the primary government is fi nancially accountable, and (c) other organizations for which the primary government is not accountable, but for which the nature and significance of their relationship with the primary government are such that exclusion would cause the reporting entity’s financial statements to be misleading or incomplete.

Component units are legally separate organization s for which the elected officials of the primary government are financially accountable. In additi on, component units can be other organizations for which the primary government’s exclusion would caus e the reporting entity’s financial statements to be misleading or incomplete.

The criteria used in determining the scope of the reporting entity are based on the provisions of Governmental Accounting Standards Board (GASB) Statement No. 14, as amended by No. 61. The City is the primary governmental unit. Component units are those entities which are financially accountable to the primary government, either beca use the City appoints a voting majority of the component unit’s board, or because the component un it will provide a financ ial benefit or impose a financial burden on the City. The following entities have been accounted for as “blended” component units of the City. Despite being legally separate, these entities are so intertwined with the City that they are, in substance, part of the City’s operations. Accordingly, the balances and transactions of these component units are reported within the funds of the City. Balances for these entities are reported as separate funds in the special revenue and enterprise fu nds. The following specific criteria are used in determining that these other entities are blended component units:
• The members of the City Council also act as the governing bodies of the entities. • The entities are managed by employees of the City. A portion of the City’s salary and overhead expenses are billed to the entities each year.
• The City and the entities are financially interdependent. The City makes loans to the entities for community development purposes and for operational purposes. General revenues of the agencies are used to repay the loans to the City.
45 237
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) The following is a brief review of the component un its included in the accompanying basic financial statements of the City:

Housing Authority
Housing Authority Section 8, in the accompanying fi nancial statements, was established to account for Federal funds for low income housing under both certificate and voucher programs. The Housing Authority also administers the Veterans Affairs Supportive Housing (VASH), which provides rental and other clinical services to homeless veterans. The Housing Authority is reported as a blended component unit because the Board is made up of the City Council members, and the Housing Authority has a financial benefit/burden relation ship with the City. The Housing Authority is reported in the special revenue fund of the City. No separate financial report is issued by the Housing Authority.

Pittsburg Infrastructure Financing Authority
The Public Infrastructure Financing Authority (PIFA) was established by a Joint Exercise of Powers Agreement dated December 5, 1994, by and among the City and the former Redevelopment Agency, and is qualified to issue bonds under the Mello-Roos Local Bond Pooling Act of 1985. The PIFA was formed to finance the acquisition of certain pub lic improvements and to refinance prior outstanding special assessment district debt with City commitment. The PIFA is reported as a blended component unit because its governing body consists of City Council members, and the PIFA has a financial benefit/burden relationship with the City. The PI FA is currently inactive; therefore, no separate financial report is issued.

Southwest Pittsburg GHAD II
The Southwest Pittsburg GHAD II (GHAD) was established by City Council in order to provide maintenance of slope stability in the open spaces areas of Southwest Pittsburg. Funding for the GHAD is provided through assessment fees levied on the property taxes of the homes built on the hillside areas. This fund centralizes the accounting for th e revenues and expenses associated with GHAD as required by law. The GHAD is reported as a bl ended component unit because its governing body consists of City Council members, and the GHAD ha s a financial benefit/burden relationship with the City. No separate financial report is issued by the GHAD.

Pittsburg Power Company
The Pittsburg Power Company (the Company) was established by a Joint Exercise of Powers Agreement dated September 23, 2006, by and am ong the City and the Agency. The Company was formed to establish a municipal utility for natural gas and electric service. The Company is reported in the Pittsburg Power enterprise fund of the City. The Company is reported as a blended component unit because its governing body consists of City Council members, and the Company has a financial benefit/burden relationship with the City. No separate financial report is issued by the Company. 46 238
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Pittsburg Arts and Community Foundation
The Pittsburg Arts and Community Foundation (PAC F) was created as an independent non-profit corporation set up to increase, support and encourag e art, literacy, education, economic development, affordable housing and other community resources an d programs to benefit the City of Pittsburg and its residents.

Since the City of Pittsburg and PACF have the same
governing board, have a financial benefit/burden
relationship and the City can impo se its will on PACF, it is requir ed to be reported as a blended component unit of the City. Its financial information can be found as a special revenue fund under non- major Governmental Funds. No separate financial report is issued by PACF.

B. Basis of Accounting and Measurement Focus
The accounts of the City are organi zed on the basis of funds, each of which is considered a separate accounting entity. The operations of each fund ar e accounted for in a separate set of self-balancing accounts that comprise its assets, liabilities, fund equity, revenues, and expenditures or expenses, as appropriate. City resources are allocated to and accounted for in individual funds based upon the purpose for which they are to be spent and the means by which spending activities are controlled.

Government-Wide Financial Statements
The Government-Wide Financial Statements include a Statement of Net Position and a Statement of Activities. These statements present summaries of Governmental and Business-Type Activities for the City accompanied by a total column.

These financial statements are presented on an “ economic resources” measurement focus and the accrual basis of accounting. Accordingly, all of the City’s assets and defe rred outflows and liabilities and deferred inflows, including capital assets, as well as infrastructure assets, and long-term liabilities and deferred inflows, are included in the accompanyi ng Statement of Net Position. The Statement of Activities presents changes in net position. Un der the accrual basis of accounting, revenues are recognized in the period in which they are earned while expenses are recognized in the period in which the liability is incurred.

Certain types of transactions reported as progra m revenues for the City are reported in three categories:
• Charges for services
• Operating grants and contributions
• Capital grants and contributions
47 239
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Certain eliminations have been made as prescribed by GASB Statement No. 34 in regard to inter-fund activities, payables and receivables. All internal ba lances in the Statement of Net Position have been eliminated except those representing balances be tween the governmental activities and the business- type activities, which are presented as internal balances and eliminated in the total primary government column. In the Statement of Activities, internal fund transactions have been eliminated; however, those transactions between governmental and business-type activities have not been eliminated. The following inter-fund activities have been eliminated:
• Due to/from other funds
• Advances from/to other funds
• Transfers in/out
The City applies all applicable GASB pronounc ements (including all NCGA Statements and Interpretations currently in effect).

Governmental Fund Financial Statements
Governmental Fund Financial Statements includ e a Balance Sheet and a Statement of Revenues, Expenditures and Changes in Fund Balances for all major governmental funds and non-major funds aggregated. An accompanying schedule is presente d to reconcile and explai n the differences in net position as presented in these statements to th e net position presented in the Government-Wide financial statements. The City has presented all majo r funds that met the qualifications for major fund reporting. The following are descriptions of the major funds.

General Fund – This fund is used for all the general reve nues of the City not specifically levied or collected for other City funds and the related expenditures. The General Fund accounts for all financial resources which are not accounted for in another f u n d . T o c o m p l y w i t h G A S B 5 4 , t h e B u d g e t Stabilization and Economic Development balances are combined and reported under the General Fund.

Details are as follows:

Fund Balances
General Fund 29,857,183$
Budget Stabilization 2,445,285
Economic Development 1,403,326
Total 33,705,794$
Housing Authority (Section 8) Special Revenue Fund – This fund was established to administer grants from Housing and Urban Development Department (HUD) to subsidize the rental costs of low-income families and veterans.
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NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) Successor Agency Housing Special Revenue Fund – This fund accounts for the activities related to the housing assets assumed by the City as Housing Su ccessor to the former Redevelopment Agency. The activities are governed by California redevelopment law and must be used to provide housing for people with low and moderate incomes.

Miscellaneous Grants Special Revenue Fund – This fund receives various grants to administer the police, recreation, public services and the American Rescue Plan Act funding.

All governmental funds are accounted for on a spendi ng or "current financial resources" measurement focus and the modified accrual ba sis of accounting. Accordingly, only current assets and current liabilities are included on the Balance Sheets. The Statement of Revenues, Expenditures and Changes in Fund Balances presents increases (revenues and ot her financing sources) and decreases (expenditures and other financing uses) in net current position. Under the modified accrual basis of accounting, revenues are recognized in the accounting period in which they become both measurable and available to finance expenditures of the current period. Acco rdingly, revenues are recorded when received in cash, except that revenues subject to accrual (gener ally 60 days after year-end) are recognized when due. The primary revenue sources, which have been treated as susceptible to accrual by the City, are property tax, charges for services, Federal and Stat e grants, sales taxes and ea rnings on investments.

Expenditures are recorded in the accounting period in which the related fund liability is incurred.

Reconciliations of the Fund Financial Statements to the Government-Wide Financial Statements are provided to explain the differences created by the integrated approach.

Proprietary Fund Financial Statements
Proprietary Fund Financial Statements include a Statement of Fund Net Position, a Statement of Revenues, Expenses and Changes in Fund Net Positi
on, and a Statement of Cash Flows for each major
proprietary fund and non-major funds aggregated.

A separate column representing internal service fund s is also presented in these statements. However, internal service balances and activities have been combined with the governmental and business-type activities in the government-wide financial statements as appropriate.

Proprietary funds are accounted for using the “e conomic resources” measurement focus and the accrual basis of accounting. Accordingly, all assets , deferred outflows, liabilities and deferred inflows (whether current or noncurrent) are included on the Statement of Fund Net Position. The Statement of Revenues, Expenses and Changes in Fund Net Position present increases (revenues) and decreases (expenses) in total net position. Under the accrual basis of accounting, revenues are recognized in the period in which they are earned while expenses are recognized in the period in which the liability is incurred.

Operating revenues in the proprietary fund are th ose revenues that are generated from the primary operations of the fund. All other revenues are repo rted as non-operating revenues. Operating expenses are those expenses that are essential to the primar y operations of the fund. All other expenses are reported as non-operating expenses.
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NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) The following are descriptions of the major enterprise funds.

Water Utility Fund – This fund accounts for the revenues and expenses associated with management, operation, and maintenance of wate r treatment and distribution system to water customers of the City of Pittsburg. It also accounts for the maintenance of water plant, distributi on reservoirs, and water lines.

Sewer Utility Fund – This fund accounts for the revenues an d expenses associated with the maintenance and repair of 126 miles of sewer mains, sewer lift stat ions and sewer laterals within the City's right-of- way.

Marina Fund – This fund accounts for the revenues receiv ed from Marina berth rentals, from sales of gasoline, and expenses from operation and maintenance.

Pittsburg Power Fund – This fund was created by the Joint Powers Agreement between the City of Pittsburg and the former Redevelopment Agency to develop revenue streams, to manage different activities for power related projec ts, capital improvement projects, an d bond issuance process. This fund also accounts for expenditures incurred in main tenance of the facilities, in distributing gas and electricity to the industries, schools, business, and residents of Mare Island, in Vallejo, and to account for revenues collected from services to customers.

Water Front Operations Fund – This fund was created for the collection of rents and other trust revenues from the tidelands granted by the Contra Costa County Local Agency Formation Commission within Pittsburg's city limits. The City shall submit a pl an indicating details of intended development, preservation, or other use of the trust lands. Any use of the trust lands shall be consistent with the plan as approved by the Commission.

Internal service fund balances and activities have been combined with governmental activities in the government-wide financial statements, and are comprised of the following funds:

Fleet Maintenance Fund – Used to account for the costs of operating, maintaining, and replacing automotive equipment used by other departments. Rental rates charged to the using departments include operating costs and equipment depreciation.

Building Maintenance Fund – Used to account for the cost of maintaining all City governmental buildings.

Insurance Fund – Used to account for revenues from charges to operating departments sufficient to provide adequate reserve for future claims.

Information/Communication Services Fund – Used to account for the cost of operating, maintaining and replacing a data processing system. Rental rates charged to the using departments include operating cost and equipment depreciation.
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For the Year Ended June 30, 2022

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Fringe Benefits Fund – Used to allocate fringe costs to various departments.

Other Post-Employment Benefits (OPEB) Fund – Used to reduce unfunded OPEB liabilities and to pay the City’s portion of current year retiree medical expens es. This fund receives its funding from surplus funds beyond the maximum amount required for the Budget Stabilization reserve (25% of surplus) and from Citywide allocations based on salaries.

115 Pension Trust Reserve Fund – Used to accumulate funds to pay down CalPERS Unfunded Accrued Liability.

The City also reports fiduciary fund types.

Fiduciary Fund Financial Statements – Fiduciary fund financial statements include a Statement of Fiduciary Net Position and a Statement of Changes in Fiduciary Net Position. The City’s fiduciary funds represent a private purpose trust fund and cu stodial funds. Custodial funds account for assets held by the City in a purely custodial capacity. Custodial funds typically involve only the receipt, temporary investment and remittance of fiduciary re sources to individuals, private organizations or other governments.

The Fiduciary funds are accounted for on the accrual basis of accounting as are the Proprietary funds explained above.

Successor Agency to the Redevelopment Agency Pr ivate Purpose Trust Fund (Successor Agency) – This fund was created to account for the accumulation of re sources to be used for payments at appropriate amounts and times in the future.

Assessment Districts Custodial Fund accounts for the collection of pr operty taxes and the payments to bondholders.

Other Impact Fees Custodial Fund accounts for the collection of develo per fees on behalf of the Contra Costa Fire Protection District (CCFPD), Contra Costa Water District (CCWD) and the East Contra Costa Regional Fee and Finance Authority (ECCRFF).

Vista Del Mar & San Marco CFD’s Custodial Fund accounts for funds used to construct and acquire certain public improvements, consisting of roadway, water and other infras tructure improvements necessary for the development of property within the district, as well as park improvements.

C. Use of Restricted/Unrestricted Net Position

When an expense is incurred for purposes for which both restricted and unrestricted net position are available, the City’s policy is to apply restricted net position first.

51 243
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

D. Spending Policy

The City’s policy is to spend restricted fund balances first, before spending unrestricted fund balances, for expenditures incurred for purposes for which bo th restricted and unrestricted fund balances are available, except for instances wherein an Agency ordinance or resolution specifies the fund balance.

The Agency’s policy is that committed and assigned fund balances are consider ed to have been spent first before unassigned fund balances have been spent, when expenditures are incurred for purposes for which amounts in any of those unrestricted fund balance classifications co uld be used, except for instances wherein an Agency ordinance specifies the fund balance.

E. Cash and Investments

The City pools its available cash for investment purposes. The City ’s cash and cash equivalents are considered to be cash on hand, demand deposits, and short-term investments with an original maturity of three months or less from the date of acquisition. Cash and cash equivalents are combined with investments and displayed as Cash and Investments.

In accordance with GASB Statement No. 31, Accounting and Financial Reporting for Certain Investments and for External Investment Pools, highly liquid market investments with maturities of one year or less at time of purchase are stated at am ortized cost. All other investments are stated at fair value. Market value is used as fair value for those securities for which market quotations are readily available.

The City participates in an investment pool manage d by the State of California, entitled Local Agency Investment Fund (LAIF), which has invested a portion of the pool funds in Structured Notes and Asset- Backed Securities. LAIF’s investments are subject to credit risk with the full faith and credit of the State of California collateralizing thes e investments. In addition, these Structured Notes and Asset-Backed Securities are subject to market risk as to change in interest rates.

In accordance with GASB Statement No. 40, Deposit and Investment Disclosures (Amendment of GASB No. 3), certain disclosure requirements for Deposits an d Investment Risks were made in the following areas:

• Interest Rate Risk
• Credit Risk
• Overall Custodial Credit Risk
• Concentrations of Credit Risk

In addition, other disclosures are specified including use of certain methods to present deposits and investments, highly sensitive investments, credit quality at year-end and other disclosures.

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NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

F. Restricted Cash and Investments

Certain restricted cash and investments are held by fiscal agents for the redemption of bonded debt and for acquisition and construction of capital proj ects, and for pension trust reserves deposited in a Section 115 irrevocable trust.

G. Property Taxes

Under California law, property taxe s are assessed and collected by the counties up to 1% of assessed value, plus other increases approv ed by the voters. The property ta xes go into a pool, and are then allocated to the cities based on complex formulas. Accordingly, the City accrues only those taxes which are receivable from the county within sixty days after year-end.

Lien Date Januar y 1
Levy Date Jul y 1
Due Date Secured: November 1 and February 1
Unsecured: July 1
Collection Date Secured: December 10 and April 10
Unsecured: August 31

Property taxes levied are recorded as revenue when received, in the fiscal year of levy, because of the adoption of the “alternate method of property tax di stribution,” known as the Teeter Plan, by the City and Contra Costa County. The Teet er Plan authorizes the Auditor/Controller of Contra Costa County to allocate 100% of the secured property taxes billed, but not yet paid.

H. Interfund Balances/Internal Balances

Advances to and advances from other funds represent inter-fund loans in the fund financial statements. Advances between funds are offset by a fund balance reservation or by deferred revenue in the applicable governmental funds to indicate th at they are not expendable available financial resources.

Any unpaid interest due to lack of funds in the borrowing fund increases the principal owed and is reported in the lending fund as deferred revenue.

All other outstanding balances between funds are repo rted as due to and due from other funds. These are generally repaid within the following fiscal year.

Any residual balances outstanding between the governmental activities and business-type activities are reported in the Government-Wide Financial Statements as “internal balances.”

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City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) I. Capital Assets
Capital assets, which include land, buildings, improvements other than buildings, machinery and equipment and infrastructure assets (e.g. roads, brid ges, sidewalks, and simila r items), are reported in the applicable governmental or business-type activities in the Government-Wide Financial Statements.

Capital assets are recorded at historical cost or estima ted historical cost if actu al cost is not available, except for intangible right-to-use lease assets, th e measurement of which is discussed in Note 4.

Contributed capital assets are valued at their estimated acquisition value on the date contributed.

City policy has set the capitalization thresholds for reporting capital assets as follows:
• General Capital Assets $5,000
• Infrastructure Capital Assets $25,000
Depreciation is recorded on a straight-line method over the useful lives of the assets as follows:
• Building and Improvements 20 - 70 years
• Machinery and Equipment 3 - 10 years
• Infrastructure 20 - 75 years
• Right-to-use Leased Buildings 4 - 20 years
The GASB Statement No. 34 requires the inclusion of infrastructure capital assets in local governments’ basic financial statements. In accordance with GASB Statement No. 34, the City has included the value of all infrastructure assets in its Government-Wide Financial Statements.

The City defines infrastructure as the basic physical assets that allow the City to function. The assets include:
• Street system
• Site amenities such as parking and landscaped areas used by the City in the conduct of its business • Water and sewer plants
Each major infrastructure system can be divided into subsystems. For example the street system can be subdivided into pavement, curb and gutters, sidewalks, medians, streetlights, traffic control devices (signs, signals and pavement markings), landscapin g and land. These subsystems were not delineated in the Government-Wide Financial Statements. Th e appropriate operating department maintains information regarding the subsystems.
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NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

For all infrastructure systems, th e City has elected to use the Basi c Approach as defined by GASB Statement No. 34 for infrastructure reporting. The City conducted a valuation of its infrastructure assets as of July 1, 2002. This valuation determ ined the original cost using one of the following methods:

1) Use of historical records where available.
2) Standard unit costs appropriate for the construction/acquisition date of the asset. 3) Present replacement cost indexed by a recipr ocal factor of the price increase from the construction/acquisition date to the current date.

The accumulated depreciation, defined as th e total depreciation from the date of construction/acquisition to the cu rrent date was computed on a stra ight-line method using industry accepted life expectancies for each infrastructure subsystem. The book value was then computed by deducting the accumulated depreciation from the original cost.

Interest accrued during capital assets construction, if any, is capitalized for the business-type activities and proprietary funds as part of the asset cost.

J. Interest Payable

In the government-wide financial statements, interest payable on long-term debt is recognized as the liability incurred for governmental fund types and proprietary fund types.

In the fund financial statements, propriety fund ty pes recognize the interest payable when the liability is incurred.

K. Long-Term Debt

Government-Wide Financial Statements

Long-term debt and other financial obligations are reported as liabilities in the appropriate activities.

Bond premiums and discounts, as well as issuance costs, are deferred and amortized over the life of the bonds using the straight-line method. Bonds payable are reported net of the applicable premium or discount.

Fund Financial Statements

The Governmental Fund Financial Statements do no t present long-term debt, which are shown in the Reconciliation of the Governmental Funds Balance Sheet to the Government-Wide Statement of Net Position.

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City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Governmental funds recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued and lease liabilities are re ported as other financial sources. Premiums received on debt issuance are reported as othe r financing sources while discounts on debt issuance are reported as other financing uses . Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.

Proprietary Fund Financial Statements use the same principles as those used in the Government-Wide Financial Statements.

L. Unearned Revenue

Government-Wide Financial Statements

Unearned revenue is recognized for transactions fo r which revenue has not yet been earned. Typical transactions recorded as unearned revenues in the Government-Wide Financial Statements are unearned grants and prepaid charges for services.

Fund Financial Statements

Unavailable revenue is recorded wh en transactions have not yet met the revenue recognition criteria based on the modified accrual basis of accounting. The City records unavailable revenue for transactions for which funds are not available to meet current financial obligations. Typical transactions for which unavailable revenue is recorded are grants received but not yet earned or available, interest on inter-fund advances receivable and long-term loans receivable.

M. Compensated Absences

City employees have vested interests in varying leve ls of vacation compensation. If vacation is not used by the employee during the term of employment , compensation is payable to the employee at the time of retirement or termination. Such compensation is calculated at the employee’s then prevalent rate at the time of retirement or termination an d compensated at 100% of accumulated hours. The City’s liability for compensated absences is recorded in various Governmental funds or Proprietary funds as appropriate. The liability for compensate d absences is determined annually. Compensated absences for governmental activities are liquidated primarily by the General Fund.

Governmental funds include only amounts expected to be paid after the end of the fiscal year for terminated employees. The long-term liabilities are recorded in the Statement of Net Position.

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City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued) The change in compensated absences was as follows at June 30, 2022:

Governmental
Activities
Business-Type
Activities Total
Beginning Balance 3,375,623$ 926,189$ 4,301,812$
Additions 2,099,028 265,301 2,364,329
Payments (2,242,981) (405,755) (2,648,736)
Ending Balance 3,231,670$ 785,735$ 4,017,405$
Current Portion 2,423,752$ 589,309$ 3,013,061$
N. Deferred Outflows/Inflows of Resources
In addition to assets, the statement of net positi on or balance sheet reports a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources,
represents a consumption of net assets that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) un til then. The City has reported deferred outflows of resources in the Statement of Net Position an d Proprietary Fund Statements for the pension and OPEB related adjustments.

In addition to liabilities, the statement of net posi tion or balance sheet reports a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources , represents an acquisition of net assets that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The City has two items, which arise only under a modified accrual basis of accounting, that qualifies for reporting in this category. Accordingly, the items, unavailable revenue and deferred inflows related to leases receivable, are reported in the governmental funds balance sheet. The governmental funds report unavailable revenues from loans and leases. The City has reported deferred inflows of resources in the statement of net positi on and proprietary fund statements for pension, OPEB, and lease relate d adjustments. These amounts are deferred and recognized as an inflow of resources in the period that the amounts become available. 57 249
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

O. Fair Value Measurements

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The City categorizes its fair value measurements within the fair value hier archy established by generally accepted accounting principles. The fair value hierarchy categorizes the i nputs to valuation techniques used to measure fair value into three levels based on th e extent to which inputs used in measuring fair value are observable in the market.

Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities.

Level 2 inputs are inputs, other th an quoted prices included within Level 1, that are observable for an asset or liability, either directly or indirectly.

Level 3 inputs are unobservable inputs for an asset or liability.

If the fair value of an asset or liability is measured using inputs from more than one level of the fair value hierarchy, the measurement is considered to be based on the lowest priority level input that is significant to the entire measurement.

P. Estimates and Assumptions

The preparation of financial statements in conformi ty with generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Q. Leases

A lease is defined as a contract that conveys contro l of the right to use another entity’s nonfinancial asset (the underlying asset) as specified in the contract for a period of time in an exchange or exchange- like transaction. Examples of nonfinancial assets include buildings, land, vehicles, and equipment.

Lessee – The City is a lessee for a noncancellab le lease of equipment. The City recognizes a lease liability and an intangible right ‐to‐use lease asset (lease asset) in the government ‐wide financial statements. The City recognizes lease liabilities with an initial, individual value of $100,000 or more.

At the commencement of a lease, the City initially measures the lease li ability at the present value of payments expected to be made during the lease term. Subsequently, the lease liability is reduced by the principal portion of lease payments made. The lease asset is initially measured as the initial amount of the lease liability, adjusted for lease payments ma de at or before the lease commencement date, plus certain initial direct costs. Subsequently, the lease asset is amortized on a straight ‐line basis over its useful life.

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City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

Key estimates and judgments related to leases include how the City determines (1) the discount rate it uses to discount the expected lease payments to present value, (2) lease term, and (3) lease payments as follows:

• The City uses the interest rate ch arged by the lessor as the discou nt rate. When the interest rate charged by the lessor is not provided, the City generally uses its estimated incremental borrowing rate as the discount rate for leases.

• The lease term includes the noncancellable period of the lease.

• Lease payments included in the measurement of the lease liability are composed of fixed payments and purchase option price that the City is reasonably certain to exercise.

The City monitors changes in circumstances that would require a remeasurement of its lease and will remeasure the lease asset and liability if certain change s occur that are expected to significantly affect the amount of the lease liability.

Lease assets are reported with other capital assets and lease liabilities are reported with long-term debt on the statement of net position.

Lessor – The City is a lessor for noncancellable leases of buildings and land. The City recognizes a lease receivable and a deferred inflow of resources in the government‐wide and governmental fund financial statements.

At the commencement of a lease, the City initially measures the lease receivable at the present value of payments expected to be received during the leas e term. Subsequently, the lease receivable is reduced by the principal portion of lease payments received . The deferred inflow of resources is initially measured as the initial amount of the lease receivable, adjusted for lease payments received at or before the lease commencement date. Subsequently, the deferre d inflow of resources is recognized as revenue over the life of the lease term.

Key estimates and judgments include how the City determines (1) the discount rate it uses to discount the expected lease receipts to present value, (2) lease term, and (3) lease receipts as follows:

• The City uses its estimated incremental borrowing rate as the discount rate for leases.

• The lease term includes the noncancellable period of the lease.

• Lease receipts included in th e measurement of the lease rece ivable is composed of fixed payments from the lessee.

The City monitors changes in circumstances that would require a remeasurement of its lease, and will remeasure the lease receivable and deferred inflows of resources if certain changes occur that are expected to significantly affect the amount of the lease receivable.

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City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

R. Implementation of Governmental Accounting Standards Board (GASB) Pronouncements

The following Governmental Accounting Standards Board (GASB) pronouncements were effective in fiscal year 2021-2022:

In June 2017, GASB issued Statement No. 87, Leases. The objective of this Statement is to better meet the information needs of financial statement users by improving accounting and financial reporting for leases by governments. This Statement requires re cognition of certain lease assets and liabilities for leases that previously were classified as operatin g leases and recognized as inflows of resources or outflows of resources based on the payment provisions of the contract. It establishes a single model for lease accounting based on the founda tional principle that leases are financings of the right to use an underlying asset. Under this Statement, a lessee is required to recognize a lease liability and an intangible right-to-use lease asset, and a lessor is required to recognize a lease receivable and a deferred inflow of resources, thereby enhancing the re levance and consistency of information about governments’ leasing activities. The provisions of this Statement were implemented during fiscal year 2022. As part of the implementation of this Stat ement, the City has accoun ted for certain lessor and lessee transactions, which required the restatement of the governmental activities and business-type lease-related balances as discussed in Note 4.

In June 2018, GASB i ssued Statement No. 89, Accounting for Interest Cost Incurred Before the End of a Construction Period. The objectives of this Statement are to enhance the relevance and comparability of information about capital assets and the cost of borrowing for a reporting period and to simplify accounting for certain interest costs. This Statement requires that inte rest cost incurred before the end o f a c o n s t r u c t i o n p e r i o d b e r e c o g n i z e d a s a n e x p e n s e i n t h e p e r i o d i n w h i c h t h e c o s t i s i n c u r r e d f o r financial statements prepared using the economic resources measurement focus. As a result, interest cost incurred before the end of a construction period will not be included in the historical cost of a capital asset reported in the financial statements. The provisions of this Statement were implemented during fiscal year 2022. The implementation had no effect on the financial statements.

In March 2020, GASB issued Statement No. 93, Replacement of Interbank Offered Rates . The primary objective of this Statement is to address accounting and financial reporting implications that result from the replacement of an interbank offered rate. The provisions of this Statement were implemented during fiscal year 2022. The implementation had no effect on the financial statements.

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City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 1 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Continued)

In June 2020, GASB issued Statement No. 97, Certain Component Unit Criteria, and Accounting and Financial Reporting for Internal Revenue Co de Section 457 Deferred Compensation Plans . The primary objectives of this Statement are to (1) increase cons istency and comparability related to the reporting of fiduciary component units in circumstances in which a potential component unit does not have a governing board and the primary government perfor ms the duties that a governing board typically would perform; (2) mitigate costs associated with th e reporting of certain defined contribution pension plans, defined contribution othe r postemployment benefit (OPEB) plans, and employee benefit plans other than pension plans or OPEB plans as fiduci ary component units in fiduciary fund financial statements; and (3) enhance the relevance, consistency, and comparability of the accounting and financial reporting for Internal Revenue Code (IRC) Section 457 deferred compensation plans that meet the definition of a pension plan and for benefits pr ovided through those plans. The provisions of this Statement were implemented during fiscal year 2022. This Statement had no material effect on the financial statements.

NOTE 2 – CASH AND INVESTMENTS

The City pools cash from all sources and all funds except Cash and Investments held by Trustees so that it can be invested at the maximum yield consistent with safety and liquidity, while individual funds can make expenditures at any time.

A. Policies

California Law requires banks and savings and loan institutions to pledge government securities with a market value of 110% of the City’s cash on deposit, or first trust deed mortgage notes with a market value of 150% of the deposit, as collateral for these deposits. Under California Law this collateral is held in a separate investment pool by another institution in the City ’s name and places the City ahead of general creditors of the institution.

The City invests in individual investments and in investment pools. Individual investments are evidenced by specific identifiable securities instruments, or by an electronic entry registering the owner in the records of the institution issuing the security, called the book entry syst em. In order to increase security, the City employs the Trust Department of a bank as the custodian of certain City managed investments, regardless of their form. Individual inve stments are generally made by their City’s fiscal agent as required under its debt issues, or throug h the City's Investment Advisor, Chandler Asset Management (CAM).

The City’s investments are carried at fair value, as required by generally accepted accounting principles. The City adjusts the carrying value of its in vestments to reflect their fair value at each fiscal year end, and it includes the effects of these adjustments in income for that fiscal year.

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NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 2 – CASH AND INVESTMENTS (Continued)
B. Classification
Cash and investments are classified in the financia l statements as shown below, based on whether or not their use is restricted under the terms of City debt instruments or Successor agreements.

Separate
Government-Wide Statement of Net Position Statement
Governmental Business-Type Fiduciary
Activities Activiti es Total Funds Total
Cash and investments $ 86,992,939 $ 61, 173,494 $ 148,166,433 $ 7,867,428 $ 156,033,861 Restricted cash and
investments 6,091,395 45,811,106 51,902,501 45,846,949 97,749,450 Total cash and
investments $ 93,084,334 $ 106,984,600 $ 200,068,934 $ 53,714,377 $ 253,783,311 C. Investments Authorized by the California Government Code and the City’s Investment Policy The City’s Investment Policy and the California Government Code a llow the City to invest in the following investments, provided the credit ratings of the issuers are acceptable to the City, and approved percentages and maturities are not exce eded. The table below also identifies certain provisions of the California Government Code, or the City’s Investment Policy where the City’s Investment Policy is more restrictive.

Minimum Maximum
Maximum Credit Maximum in per
Authorized Investment Type Maturity Quality* Portfolio Issuer Asset-Backed Securities 5 years "AA" 20% 5%
Bankers' Acceptances 180 days A1/P1 40% 5%
California Asset Management Program (CAMP) n/a n/a none none Certificates of Deposit 1 year "A" 30% 5%
Commercial Paper 270 days “A1” ST, "A" LT 25% 5%
Federal Agency Obligations 5 years none none 30%
Local Agency Investment Fund (LAIF) n/a none $75 million none Medium-Term Notes 5 years "A" 30% 5%
Money Market Funds n/a 2 highest ratings 20% 10% per
Negotiable Certificates of Deposit 5 years "A-1" ST, “A” LT 30% 5% Repurchase Agreements 90 days "A" 15% 5%
State and Local Obligations 5 years "A" 30% 5%
Supranational Securities 5 years "AA" 30% 10%
U.S. Treasury Obligations 5 years none none none
*At time of purchase
62 254
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 2 – CASH AND INVESTMENTS (Continued)

In accordance with GASB Statement No. 31, Accounting and Financial Reporting for Certain Investments and for External Pools, investments were stated at fair value using the aggregate method.

The City’s investments with Local Agency Investme nt Fund (LAIF), a State of California external investment pool, at June 30, 2022, included a portion of the pool funds invested in Structured Notes.

As of June 30, 2022, the City had $74,022,475 invest ed in LAIF, which had inve sted 68.02% of the pool investment funds in U.S. Treasury Obligations. The LAIF fair value factor of 0.987125414 was used to calculate the fair value of the invest ments in LAIF. The fair value of th e City’s position in the pool is materially equivalent to the value of the pool share. At June 30, 2022, these investments matured in an average of 311 days.

D. Investments Authorized by Debt Agreements

The City and Successor Agency to the Redevelopment Agency must maintain required amounts of cash and investments with trustees or fi scal agents under the terms of ce rtain debt issues. These funds are unexpended bond proceeds or are pledged reserves to be used if the agencies fail to meet their obligations under these debt issues. The Californi a Government Code requires these funds to be i n v e s t e d i n a c c o r d a n c e w i t h C i t y r e s o l u t i o n s , b ond indentures or State statutes. The table below identifies the investment types that are authorized for investments held by fiscal agents. The table also identifies certain provisions of these debt agreements:

Maximum Minimum
Authorized Investment Type Maturity Credit Quality
Bankers' Acceptances 180 days A1/P1
California Asset Management Program (CAMP) n/a n/a
Certificates of Deposit 1 year A
Commercial Paper 270 days A1/P1/F1
Guaranteed Investment Agreements n/a none
Local Agency Investment Fund (LAIF) n/a none
Medium Term Notes 5 years A
Money Market Fund n/a 3 highest ratings
Municipal Obligations n/a AAA
Pre-refunded Municipal Obligations n/a AAA
Repurchase Agreements 90 days A
State of California Obligations 5 years A -
U.S. Agencies n/a AAA
U.S. Treasury Obligations 5 years none

63 255
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 2 – CASH AND INVESTMENTS (Continued)

E. Public Agencies Post-Employment Trust

On October 21, 2019, the City Council adopted Re solution 19-13711 approving the adoption of the Public Agencies Post-Employment Tr ust administered by Public Agen cy Retirement Services (PARS).

The Trust is an irrevocable trust and qualifies as an Internal Revenue Section 115 Trust. The Trust will assist the City in mitigating the CalPERS contribution rate volatility. Investments of funds held in the Trust are governed by the Investment Guideline Document for the investment account and by the agreement for administrative services with PARS, ra ther than the general provisions of the California Government Code of the City’s Investment Policy. The City elected a discretionary investment approach which allows the City to maintain oversight of the investment management, control on target yield and the portfolio’s risk of tolerance, under the Moderately Co nservative Index PLUS investment option. The assets in the Trust will eventually be used to fund pension plan obligations.

64 256
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 2 – CASH AND INVESTMENTS (Continued)

F. Fair Value Hierarchy

The City categorizes its fair value measurements within the fair value hierarchy established by generally accepted accounting principles. The hier archy is based on the valuation inputs used to measure fair value of the assets. Level 1 inputs are quoted prices in an active market for identical assets; Level 2 inputs are significant other observ able inputs; and Level 3 inputs are significant unobservable inputs.

The following is a summary of the fair value hierarchy of the fair value of investments of the City as of June 30, 2022:

Level 2 Total
Investments by Fair Value Level:

U.S. Treasury Obligations 19,164,247$ 19,164,247$ Federal Agency Obligations 21,228,259 21,228,259 Medium-Term Notes 12,998,875 12,998,875
Asset-Backed Securities 4,177,211 4,177,211 Commercial Paper 1,241,575 1,241,575
Negotiable Certificates of Deposit 2,772,011 2,772,011 Supranational Securities 2,962,235 2,962,235 Subtotal 64,544,413$ 64,544,413
Investments Measured at Cost:

Money Market Funds 468,027
Held with Trustee:

Money Market Funds 94,903,138
Investments Exempt from Fair Value Hierarchy:

Local Agency Investment Fund 74,022,475
Mutual Funds (PARS Trust) 2,243,037
Total Investments 236,181,090
Cash in banks and on hand 17,602,221
Total Cash and Investments 253,783,311$

U.S. Treasury Obligations, Federal Agency Obliga tions, Medium–Term Corporate Notes, Asset-Backed Securities, Commercial Paper, Negotiable Certificates of Deposits and Supranational Securities classified in Level 2 of the fair value hierarchy, are valued using pricing techniques of matrix pricing or market corroborated pricing, with inputs such as yield curves or indices.

65 257
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 2 – CASH AND INVESTMENTS (Continued)
These prices were obtained from various pricing sources by the City’s custodian bank. The Certificates of Deposit were valued using techniques of matrix pricing and multi-dimensional relational model and/or option adjusted spread provided by the City’s custodian bank. The Supranational Securities were valued based on information gathered from market sources an d integrate relative credit information, observed movements, and sector news into the evaluated pricings applications and models provided by the City’s custodian bank.

G. Interest Rate Risk
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of an investment. Normally, the longer the maturity of an investment, the greater the sensitivity of its fair value to changes in market interest rates.

Information about the sensitivity of the fair values of the City’s investments (including investments held by bond trustees) to market interest rate fluctuations is provided by the following table that shows the distribution of the City’s investments by maturity.

Less than
Investment Type 1 year 1 - 5 years Total
Local Agency Investment Fund 74,022,475$ -$ 74,022,475$ Medium-Term Notes 1,245,844 11,753,031 12,998,875 Federal Agency Obligations 6,104,452 15,123,807 21,228,259 U.S. Treasury Obligations 5,129,189 14,035,058 19,164,247 Asset-Backed Securities - 4,177,211 4,177,211
Commercial Paper 1,241,575 - 1,241,575
Negotiable Certificates of Deposits 2,772,011 - 2,772,011 Money Market Funds 468,027 - 468,027
Supranational Securities 479,679 2,482,556 2,962,235 Held by Trustee:

Money Market Funds 94,903,138 - 94,903,138
Mutual Funds (PARS Trust) 2,243,037 - 2,243,037 Total Investments 188,609,427$ 47,571,663$ 236,181,090 Cash in banks and on hand 17,602,221
Total Cash and Investments 253,783,311$
Investment Maturities (in years)
Money Market Funds are available for withdrawal on demand and at June 30, 2022 matured in an average of 55 days.
66 258
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 2 – CASH AND INVESTMENTS (Continued)

H. Credit Risk

Credit risk is the risk that an issuer of an investment will not fulfill its oblig ation to the holder of the investment. This is measured by the assignment of a rating by a nation ally recognized statistical rating organization. Presented below is the actual rating as of June 30, 2022 for ea ch investment type as provided by Standard and Poor’s investment rating system.

Fair Value AAA/AAAm AA+ AA A+ / A / A-1 A- / A-2 Not Rated U.S. Treasury Obligations $ 19,164,247 $ - $ 19,164,247 $ - $ - $ - $ - Federal Agency Obligations 21,228,259 - 20 ,677,523 - - - 550,736 Medium-Term Notes 12,998,875 - 727,381 713,677 8,906,332 2,65 1,485 - Asset-Backed Securities 4,177,211 2,598,437 - - - - 1,578,774 Commercial Paper 1,241,575 - - - 1,241,575 - - Negotiable Certificates of Deposit 2,772,011 - - - 2,772,011 - - Supranational Securities 2,962,235 2,962,235 - - - - - Local Agency Investment Fund 74,022,475 - - - - - 74,022,475 Money Market Funds 468,027 468,027 - - - - - Held with Trustee:

Money Market Funds 94,903,138 94,903,138 - - - - - Mutual Funds (PARS Trust) 2,243,037 - - - - - 2,243,037 Total Investments 236,181,090 $ 100,931,837 $ 40,569,151 $ 713,677 $ 12,919,918 $ 2,651,485 $ 78,395,022 Cash in banks and on hand 17,602,221
Total Cash and Investments $ 253,783,311

I. Concentration of Credit Risk

There are no investments in securities of individual issuers that were greater than 5% of the City’s total investments as of June 30, 2022.

J. Line of Credit

On June 3, 2022, the City issued an Irrevocable Stan dby Letter of Credit with Bank of the West with a principal sum of $500,000, with an expiration date of June 30, 2024. This credit was established for the benefit of the Housing Authority (Section 8) Special Revenue Fund for advancing the Housing Authority portability-in payments. Advances drawn on the line of credit bear an interest rate at 1% above the prime rate. The City deposited $500,000 as co llateral for the Line of Credit with Bank of the West from the Successor Agency Housing Special Re venue Fund. The outstanding balance on the line of credit at June 30, 2022 was $100,000.

67 259
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 3 – LOANS AND NOTES RECEIVABLES
As of June 30, 2022, loans and notes receivable consisted of the following:

Description Balance
Governmental Activities:

CalHome Program Loans $ 329,826
Century Plaza Corporation 604,849
Domus Development LLC 7,132,502
Domus Development LLC Loan (Sienna Court) 5,804,870 HUD Community Development Block Grant 235,800
Low Income Families Loans 744,720
Mariner Walk Loan 180,000
Vista Del Mar Loans 200,000
Mercy Housing California Loan 4,748,754
PACF Loans 423,595
Presidio Village Senior Housing 788,107
Rehabilitation and Construction Loans 1,278,692 Residential Loans on Vidrio 1,176,077
Resources for Community Development Loan 7,107,398 Veterans Square Loan 817,558
9th Street Associates (Santa Fe Commons Housing Development) 2,042,457 Total Governmental Activities - Loans and Notes Receivable $ 33,615,205 A. CalHome Program Loans
CalHome Program funds of $600,000 were awarded by the State of California and are used to provide first-time home buyer mortgage assistance as well as housing rehabilitation assistance for low income homeowners. Loans are payable upon sale or transfer of property, when the property ceases to be owner-occupied, or upon the CalHome loan maturity date. The outstanding balance as of June 30, 2022 was $329,826.

B. Century Plaza Corporation Loan
During fiscal year 2013-14, the City of Pittsbur g approved a loan to Century Plaza Corporation for anchor tenant retention and remodeling of the Ce
ntury Plaza. The total approved loan amount was
$1,300,000 and was disbursed over five years. Lo an bears 2.0%% annual interest and is due and payable on July 1, 2023. Century Plaza Corporation received a loan repayment credit effective July 1, 2019 due to following the terms stipulated by the lo an agreement. The accrued interest will be forgiven along with the loan credit. The outstanding balance as of June 30, 2022 was $604,849. 68 260
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 3 – LOANS AND NOTES RECEIVABLES (Continued)
C. Domus Development LLC Loan
During fiscal year 2005-2006, the former Redevelopment Agency entered into a Development and Disposition Agreement with Domus Development LLC (Developer) of up to $8,000,000 for the development of a 28-unit residential rental dwelling and an 8,000 square feet ground floor commercial space at the northeast corner of Railroad Avenue and 10th Street. Funding was provided by the Housing-Set Aside funds in the amount of $6,000,000 and $2,000,000 by future tax increments. During the fiscal year 2007-2008, an amendment was filed to increase the loan up to an additional $800,000 and $4,845,755 of the loan was disbursed to the Developer. With the dissolution of the Agency effective February 1, 2012, this loan was assumed by the H ousing Successor Agency. The outstanding balance as of June 30, 2022 was $7,132,502.

D. Domus Development LLC (Sienna Court) Loan
During fiscal year 2007-2008, the former Redeve lopment Agency Low-Moderate Income Housing II Special Revenue Fund loaned funds of $250,000 to Domus Development LLC for the feasibility study of a senior affordable housing development (Sienna Court) . The loan bears interest of 3.0% per annum.

The Domus Development LLC loan was amended in fiscal year 2010-2011 to increase the loan by an additional $850,000, and then further amended in fiscal year 2010-2011 bringing total loan funding to $4,323,645. With the dissolution of the Agency effective February 1, 2012, this loan was assumed by the Housing Successor. The outstanding balance as of June 30, 2022 was $5,804,870.

E. HUD Community Development Block Grant (CDBG) Loans
The HUD CDBG Special Revenue fund had a loans receiv able balance of $235,800 as of June 30, 2022, which consisted of $88,769 in CDBG entitlement loans and $147,031 in First Time Homebuyer loans.

F. Low Income Families Loans
During fiscal year 2006-2007 and 2007-2008, the former Redevelopment Agency Low-Moderate Income Housing II Special Revenue Fund loaned funds to lo w income families to purchase homes. The loans bear no interest and are deferred until the property changes title or are refinanced for cash. With the dissolution of the Agency effective February 1, 2 012, this loan was assumed by the Housing Successor Agency. The outstanding balance as of June 30, 2022 was $744,720.

G. Mariner Walk Loan and Vista Del Mar Loans
During fiscal year 2005-2006, a Development and Di sposition Agreement was entered into with Olson Urban Housing LLC (Developer) of up to $1,000,000 and with Lyon Vista Del Mar 533, LLC (Developer) of up to $800,000, to provide mort gage assistance for qualified moderate income households purchasing the affordable units. With the dissolution of the Agency effective February 1, 2012, the loans were assumed by the Housing Successor. The outstanding balances as of June 30, 2022 were $180,000 and $200,000, respectively, for the property owners. 69 261
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 3 – LOANS AND NOTES RECEIVABLES (Continued)

H. Mercy Housing California Loan

During fiscal year 2005-2006, the former Redeve lopment Agency Low-Moderate Income Housing II Special Revenue Fund loaned funds of $1,052,854 to Mercy Housing California for the development of a 64-unit dwelling and child care center located within the Redevelopment Project Area. During the fiscal year 2007-2008, an amendmen t was filed to increase the loan fo r a total of $4,952,854. The loan bears interest of 1.0% per year and provides for the Agency to receive 50.0% of the project’s residual receipts annually. With the dissolution of the Agency effective February 1, 2012, this loan was assumed by the Housing Successor Agency. The outstanding balance as of June 30, 2022 was $4,748,754.

I. Pittsburg Arts and Community Foundation (PACF) Loans

During fiscal year 2010-2011, the PACF assumed a construction loan and lease due from a Pittsburg resident. The loan will be repaid through lease payments on 159 4 th Street, with a balloon payment due on December 1, 2023. During fiscal year 2011-2012, PACF assumed an NSP Home Buyer assistance program loan that was issued to a Pittsburg resident . Loan payments are deferred and will be forgiven if the property remains the same as the principal re sidence of the resident. The outstanding balances of these loans as of June 30, 2022 were $399,173 and $24,422, respectively, totaling $423,595.

J. Presidio Village Senior Housing Loans

During fiscal year 2006-2007, the former Redeve lopment Agency Low-Moderate Income Housing II Special Revenue Fund loaned funds of $566,150 to Pacific Community Services for prior construction of 104 units called the Presidio Village Senior Housin g. The loan bears interest of 3.0% per year and provides for the Agency to receive 50.0% of the project’s residual receipts annually. With the dissolution of the Agency effective February 1, 2 012, this loan was assumed by the Housing Successor Agency. The outstanding balance and accrued interest as of June 30, 2022 was $788,107.

K. Rehabilitation and Construction Loans

Housing and rehabilitation loans are provided to homeowners who meet low and moderate income requirements as defined by the Department of Ho using and Urban Developmen t. These residential loans are available from $5,000 to $25,000 per property at a loan term of 3.0% simple interest for 10 years. The property will be rehabilitated to be free from health and safety violations upon completion of the rehabilitation program. The outstanding bala nce of these loan types as of June 30, 2022 was $1,278,692.

L. Residential Loans on Vidrio

During fiscal year 2010-2011, the City of Pittsburg financed several residential loans to the homebuyers of Vidrio Condominium. The outstanding balances as of June 30, 2022 was $1,176,077.

70 262
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 3 – LOANS AND NOTES RECEIVABLES (Continued)

M. Resources for Community Development Loan

During fiscal year 2006-2007, the former Redeve lopment Agency Low-Moderate Income Housing II Special Revenue Fund loaned funds of $6,105,848 to Resources for Community Development for the development of 71 rental dwellings and a community center. During the fiscal year 2008-2009, an amendment was filed to increase the loan up to an additional $350,000 and $5 ,710,730 of the loan was disbursed to the Developer. The loan bears interest of 1.0% per annum and pr ovides for the Agency to receive 50% of the project’s residual receipts annu ally. With the dissolution of the Agency effective February 1, 2012, this loan was assumed by the H ousing Successor Agency. The outstanding balance as of June 30, 2022 was $7,107,398.

N. Veterans Square Loan

During fiscal year 2020-2021, the Housing Authority of the City of Pittsburg loaned $780,000 to the Veterans Square for the purchase of property located at 901 Los Medanos Street. The loan terms include

3.0% simple interest and is due in 55 years. The repayment will be made from residual receipts. The outstanding balance as of June 30, 2022 was $817,558.

O. 9th Street Associates (Santa Fe Commons Housing Development Loan)

This is a rehabilitation and cons truction loan to eliminate blight to a property owner to assist improvements and rehabilitation of properties that were vacant or underutilized.

During fiscal year 2011-2012, the City provided a prop erty development loan of $1,614,713 to 9th Street Associates LP to develop the units at Santa Fe Commons. The loan terms include 3.0% simple interest and is due in 55 years. The repayment will be made from residual receipts. The outstanding balance as of June 30, 2022 was $2,042,457.

P. Lumpy’s Diner Loan

During fiscal year 2018-2019, the Pittsburg Power Company (PPC) Enterprise Fund loaned $348,206 to the owner of Lumpy’s Diner Pittsburg for the purcha se of property located at 615 Railroad Avenue.

The loan bears interest of 5.0%. Principal and in terest payments are due monthly commencing October 1, 2018 through 2038. As of June 30, 2022, the loan was fully paid off.

71 263
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 4 – LEASES
A. Leases Receivable
The City from time to time engages in lease arrangements allowing the right for others to use various owned land and buildings for the public benefit. The borrowing rate for the leases are implicit in the lease agreements, and therefore, the City has applied the incremental borrowing rate of the City for all leases. As of June 30, 2022, the City’s leases receivable and related deferred inflows of resources consisted of the following:

Lessor
Original
Lease Date
Expiration Date
Including
Options
Annual
Revenue as of
June 30, 2022
Lease
Receivable
Balance at
June 30, 2022
Deferred Inflow
of Resources at
June 30, 2022
Governmental Activities:

Lincoln Child Center 5/20/2013 1/31/2026 $ 107,005 $ 441,103 $ 426,404 DVWB, LLC 12/20/2021 12/31/2029 5,939 119,320 107,342 Total Governmental Activities $ 112,944 $ 560,423 $ 533,746 Business-Type Activities:

Dow Chemical Company 7/1/2014 6/30/2063 $ 344,565 $ 14,077,155 $ 14,127,147 Trans Bay Cable, LLC 11/12/2010 11/21/2050 139,032 4,000,733 3,947,358 USS Posco-Industries 11/18/2006 11/17/2031 288,671 2,417,486 2,707,896 Vee Jay Enterprises 5/1/2018 4/30/2068 12,846 602,426 587,217 Isle Capital Corporation 12/2/1996 12/1/2026 142,373 513,259 629,210 Total Business-Type Activities $ 927,487 $ 21,611,059 $ 21,998,828 In fiscal year 2022, the City implemente d the provisions of GASB Statement No. 87, Leases, which required the restatement of leases receivable and related deferred inflows of resources. As a result, initial leases receivable and relate d deferred inflows of resources we re recorded in the amounts of $646,691 and $22,926,282, for governmental activities and business-type activities, respectively, as of July 1, 2021, and had no effect on net position.

Governmental Activities
On May 20, 2013, the City entered in to a 13 year lease as lessor for th e use of Lincoln Child Center. As of June 30, 2022, the value of the lease receivable was $441,103. The lessee is required to make monthly payments of $10,142, increasing by 3% every January 1. The lease has an interest rate of 3.7%. The City has offset the lease receivable with a deferred inflow o f r e s o u r c e s . A s o f J u n e 3 0 , 2 0 2 2 , t h e d e f e r r e d inflow of resources was $426,404. The City recognized lease revenue of $107,005 during fiscal year 2022 under the lease.

On December 20, 2021, the City entered into an 8 year lease as lessor for the use of property owned by the City to DVWB, LLC, including an option to extend the lease an additional 5 years. As of June 30, 2022, the value of the lease receivable was $119,320
. The lessee is required to make monthly payments
ranging from $1,782 - $1,835. The l e a s e h a s a n i n t e r e s t r a t e o f 3 .7%. The City has offset the lease receivable with a deferred inflow of resources. As of June 30, 2022, the defe rred inflow of resources was $107,342. The City recognized lease revenue of $5,939 during fiscal year 2022 under the lease. 72 264
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 4 – LEASES (Continued)
Business-Type Activities
On July 1, 2014, the City entered into a 49 year lease as lessor for the use of land currently developed with two docks with the Dow Chemical Company. As of June 30, 2022, the value of the lease receivable is $14,077,155. The lessee is required to make annu al fixed payments starting with $320,905, increasing
by 3% every July 1. The lease has an interest rate of 3.7%. The City has offset the lease receivable with a deferred inflow of resources. As of June 30, 2022, the deferred inflow of resources was $14,127,147. The City recognized lease revenue of $344,565 during fiscal year 2022 under the lease.

On November 12, 2010, the City entered into a 40 year lease as lessor for the use of land with Trans Bay Cable, LLC. As of June 30, 2022, the value of the le ase receivable was $4,000,733. The lessee is required to make monthly fixed payments of $17,961. The lease has an interest rate of 3.7%. The City has offset the lease receivable with a deferred inflow of reso urces. As of June 30, 2022, the deferred inflow of resources was $3,947,358. The City recognized lease revenue of $139,032 during fiscal year 2022 under the lease.

On November 18, 2006, the City ente red into a 25 year lease as less or for the use of land with USS- Posco Industries. As of June 30, 2022, the value of the lease receivable was $2,417,486. The lessee is required to make annual fixed payments in the ra nge of $305,229-$320,705. The lease has an interest rate of 3.7%. The City has offset the lease receivable with a deferred inflow of re sources. As of June 30, 2022, the deferred inflow of resour ces was $2,707,896. The City reco gnized lease revenue of $288,671 during fiscal year 2022 under the lease.

On May 1, 2018, the City entered into a 50 year lease as lessor for the use of marina property with Vee Jay Enterprises. There are options for the lessee to ex tend the lease up to an ad ditional 15 years. As of June 30, 2022, the value of the lease receivable was $602,426. The lessee is required to make monthly fixed payments of $1,490. The lease has an interest rate of 3.7%. The City has offset the lease receivable with a deferred inflow of resources. As of June 30 , 2022, the deferred inflow of resources was $587,217.

The City recognized lease revenue of $12,846 during fiscal year 2022 under the lease.

On December 2, 1996, the City entered into a 30 year lease as lessor for the use of marina property with Isle Capital Corporation. As of June 30, 2022, the value of the lease receivable is $513,259. The lessee is required to make annual payments ranging from $1 32,142 to $140,399 over the life of the lease. The lease has an interest rate of 3.7% . The City has offset the lease rece ivable with a deferred inflow of resources. As of June 30, 2022, the deferred inflow of resources was $629,210. The City recognized lease revenue of $142,373 during fiscal year 2022 under the lease. 73 265
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 4 – LEASES (Continued)

B. Lease Liabilities

The City from to time to time engages in lease ar rangements for the right to use various third-party owned land and buildings for the public benefit. As of June 30, 2022, these leases consisted of the following:

Balance
June 30, 2021 Balance Current
(as restated) Payments June 30, 2022 Portion
Governmental Activities
Lease Liabilities
Gateway-Domus $ 679,630 $ 100,263 $ 579,367 $ 101,872 PACF Art Center 213,004 24,620 188,384 36,157 Palermo 545,743 35,724 510,019 37,589 Total $ 1,438,377 $ 160,607 $ 1,277,770 $ 175,618

In fiscal year 2022, the City implemente d the provisions of GASB Statement No. 87, Leases, which required the restatement of lease liabilities. As a re sult, initial lease liabilities were recorded in the amount of $1,438,377 as of July 1, 2021. The lease liab ilities are offset with intangible right-to-use lease assets as discussed in Note 7. As a result, there is no net effect on beginning net position at July 1, 2021.

The future principal and interest lease payments as of June 30, 2022 were as follows:

For the Year
Ended June 30 Principal Interest Total
2023 $175,618 $44,325 $219,943
2024 183,520 37,691 221,211 2025 191,771 30,765 222,536 2026 200,360 23,525 223,885 2027 188,902 16,086 204,988 2028-2032 273,950 35,577 309,527 2033-2035 63,649 1,482 65,131 Totals $1,277,770 $189,451 $1,467,221

On March 1, 2006, the City entered into a 20 year lease as lessee for the use of a building. An initial lease liability was recorded in the amount of $679, 630. As of June 30, 2022 , the value of the lease liability is $579,367. The City is required to make monthly fixed payments of $10,133. The lease has an i n t e r e s t r a t e o f 3 . 7 % . A s p a r t o f t h e l e a s e , t h e C i t y h a s r e c o r d e d a n i n t a n g i b l e r i g h t t o u s e a s s e t a n d accumulated amortization. As of June 30, 2022, City has recorded an intangible right to use lease asset amounting to $679,630, with accumulated amortization of $100,697. 74 266
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 4 – LEASES (Continued)
On February 1, 2020, the City entered into a 7 year lease as lessee for the use of the PACF Art Centre, with an option to extend the lease for 5 additional years. An initial lease liabi lity was recorded in the amount of $213,004. As of June 30 , 2022, the lease liability was $188,3 84. The City is required to make monthly fixed payments of $2,000 through January 2022, with payments increasing between $3,500 - $3,605 thereafter. The lease has an inte rest rate of 3.7%. As part of th e lease, the City has recorded an intangible right to use asset and accumulated amortiza tion. As of June 30, 2022, City has recorded an intangible right to use lease asset amounting to $213,004, with accumulated amortization of $35,077.

On February 19, 2008, the City entered into a 15 year lease as lessee for the use of property known as Palermo, with two extension options totaling an additional 10 years. An initial lease liability was recorded in the amount of $545,743. As of June 30, 2022, the lease liability was $510,019. The City is required to make monthly fixed payments of $4,337. Th e lease has an interest rate of 3.7%. As part of the lease, the City has recorded an intangible righ t to use asset and accumulated amortization. As of June 30, 2022, City has recorded an intangible ri ght to use lease asset amounting to $545,743, with accumulated amortization of $41,356.

NOTE 5 – UNEARNED AND UNAVAILABLE REVENUE
A. Government-Wide Financial Statements
Unearned revenues in Government-Wide Financial Statements represent amounts for which revenues have not been earned. At June 30, 2022, unearned revenues in the Government-Wide Financial Statements consisted of unearned developer, donation, and grant revenues of $9,097,954 in Governmental Activities and $2,269,519 in Business-Type Activities. 75 267
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 5 – UNEARNED AND UNAVAILABLE REVENUE (Continued)
B. Fund Financial Statements
At June 30, 2022, the following amounts were recorded in the Fund Financial Statements because either the revenues had not been earned or the funds were not available to finance expenditures of the current period:

Governmental Funds
General Fund
Housing
Authority
(Sec. 8)
Successor Agency
Housing
Miscellaneous
Grants
Non-Major
Governmental Funds
Total
Governmental
Funds
Unearned developer/
donation revenue 3,227$ -$ -$ -$ -$ 3,227$ Unearned service revenue 281,412 99,232 - 8,594,015 120,068 9,094,727 Sub-total 284,639 99,232 - 8,594,015 120,068 9,097,954 Loans receivable 604,849 - 27,523,909 - 4,206,601 32,335,359 Total 889,488$ 99,232$ 27,523,909$ 8,594,015$ 4,326,669$ 41,433,313$ Pittsburg Power
Water Front
Operations Total
Unearned developer/
donation revenue 829,443$ $ - 829,443$
Unearned service revenue 450,298 989,778 1,440,076 Total 1,279,741$ 989,778$ 2,269,519$
Business-Type Funds
NOTE 6 – INTERFUND TRANSACTIONS
A. Current Interfund Balances
Current interfund balances arise in the normal course of business and are expected to be repaid shortly after the end of the fiscal year. Current interfund balances are as follows:

DUE FROM FUND DUE TO FUND AMOUNT
Non-Major Governmental Funds:

Special Revenue Funds:

Golf Course General Fund 754$
Capital Project Funds:

Regional Freeway Security Fee General Fund 467,709
Internal Service Funds:
115 Pension Reserve Fund General Fund 873
Total 469,336$
76 268
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 6 – INTERFUND TRANSACTIONS (Continued)
B. Interfund Advances
At June 30, 2022, the following funds had advances that were not expected to be repaid within the next year:

FROM FUND TO FUND AMOUNT
Successor Agency Housing
Special Revenue Fund General Fund 1,551,531$
Southwest Pittsburg GHAD II
Special Revenue Fund General Fund 302,209
Inclusionary Housing Fund
Capital Projects Fund Successor Agency Housing Special Revenue Fund 380,000 Regional Traffic Mitigation
Capital Projects Fund Railroad Avenue Specific Area Plan Special Revenue Fund 3,105,049

ENTERPRISE FUNDS
Sewer Utility Fund Building Maintenance Internal Service Fund 105,755 Pittsburg Power Fund Golf Course Special Revenue Fund 375,000 TOTAL ADVANCES 5,819,544$
During fiscal year 2019-2020, the Successor Ag ency Housing Special Revenue Fund advanced $1,593,421 to the General Fund for the purchase of property located on Railroad Avenue (APN 088-171- 035). The advance will accrue LAIF interest and will continue to exist until repaid in full. The balance as of June 30, 2022 was $1,551,531.

During fiscal year 2020-2021, the Southwest Pittsbur
g GHAD II Fund advanced $300,000 to the General
Fund for the purchase of software and related expenses. The advance will accrue LAIF interest rate and will continue to exist until repaid in full. The balance as of June 30, 2022 was $302,209.

During fiscal year 2020-2021, the Inclusionary Housin g Capital Projects Fund ad vanced $380,000 to the Successor Agency Housing Special Revenue Fund for a loan to purchase a property located on 901 Los Medanos Street. The advance will accrue interest at a rate of three percent on the unpaid principal outstanding from time to time commencing on the da te of initial disbursement of loan proceeds. The balance as of June 30, 2022 was $380,000.

During fiscal year 2014-2015, the Regional Traffic Mitigation Capital Projects Fund advanced $3,300,000 to the Railroad Avenue Specific Area Plan Special Revenue Fund to help fund the construction of the eBART Pittsburg Center Station Project. The advance is to be repaid to the Regional Traffic Mitigation Fund by June 30, 2044 and bears simple interest at the average Stat e Local Agency Investment Fund (LAIF) interest rate. The repayment began in fiscal year 2015 with annual payments in amount up to the accrued interest due, and the balance as of June 30, 2022 was $3,105,049. 77 269
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 6 – INTERFUND TRANSACTIONS (Continued)

During fiscal year 2017-2018, the Sewer Utility Enterprise Fund advanced $650,000 to the General Fund for the purchase of property located at the Nort hwest Corner of Railroad Avenue and Civic Avenue (APN 086-100-015) and associated expenses. The advanc e is to be repaid within five years and bears simple interest at the average LAIF rate. The balance as of June 30, 2022 was $105,755.

During fiscal year 2016-2017, the Sewer Utility En terprise Fund advanced $252,960 to the Building Maintenance Internal Service Fund to assist in financing the City Hall HVAC Chiller Replacement project. The advance is to be repaid within ten years and bears interest at 1.5% per year. The balance as of June 30, 2022 was fully paid off.

During fiscal year 2002-2003, the Pittsburg Power Enterprise Fund advanced $375,000 to the Golf Course Special Revenue Fund for the replacement and improvements of golf carts. The advance was to be repaid within ten years provided the money is avai lable in the Golf Fund. The balance as of June 30, 2022 was $375,000.

78 270
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 6 – INTERFUND TRANSACTIONS (Continued)
C. Interfund Transfers
At June 30, 2022, the City had the following inter-fund transfers:

A. Transfers to the General Fund were to fund General Fund operations and administrative services for which the other funds received services.

B. Transfers to Housing to cover operating expenses for the rental properties.

C. Transfers to cover Citywide Lighting & Land scaping, Gas Tax (RMRA) and Golf Course operating expenses. Also, for road maintenance/repairs/improvements and accounts for program income in CDBG.

D. Transfers for the Clean California Local Grant Program matching.

E. Transfers to the Water Utility Enterprise Fund to subsidize senior discount.

F. Transfer to Water Utility Enterprise Fund to allocate Utility Billing administrative time.

Employees are split between Water and Sewer Funds. Also, for replacement of water and sewer lines on 9th Street.

G. Transfers to cover Future Build program.

H. Transfers to fund unfunded OPEB liability.

FROM FUND TO FUND AMOUNT
Miscellaneous Grants Special Revenue Fund 77,894$
Non-Major Governmental Funds 3,955,250
Water Utility Enterprise Fund 285,000
Sewer Utility Enterprise Fund 60,000
Pittsburg Power Enterprise Fund 710,000
General Fund 5,088,144 A
Successor Agency Housing Special Revenue Fund Housing Authority (Section 8) Special Revenue Fund 75,000 B General Fund 3,845,486 C
Non-Major Governmental Funds 2,228,214 C
Pittsburg Power Enterprise Fund 413,137 D
Non-Major Governmental Funds 6,486,837
Sub-total: Total Governmental Funds 11,649,981
General Fund 67,600 E
Sewer Utility Enterprise Fund 794,490 F
Water Utility Enterprise Fund 862,090
General Fund Pittsburg Power Enterprise Fund 57,600 G
General Fund 121,264 H
Housing Authority (Section 8) Special Revenue Fund 18,680 H Successor Agency Housing Special Revenue Fund 562 H Non-Major Governmental Funds 56,769 H
Water Utility Enterprise Fund 112,893 H
Sewer Utility Enterprise Fund 23,596 H
Marina Enterprise Fund 16,994 H
Pittsburg Power Enterprise Fund 33,989 H
Water Front Operations Fund 13,343 H
Internal Service Funds 21,910 H
Internal Service Funds 420,000
Sub-total: Total Proprietary Funds 1,339,690
TOTAL TRANSFERS 12,989,671$
79 271
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 7 – CAPITAL ASSETS
A. Government-Wide Financial Statements
At June 30, 2022, the City’s capital assets consisted of the following:

Governmental
Activities
Non-depreciable assets:

Land 35,754,568$ 2,721,245$ 38,475,813$
Construction in progress 19,772,320 27,090,314 46,862,634 Total non-depreciable assets 55,526,888 29,811,559 85,338,447 Depreciable assets:

Buildings and improvements 109,298,712 48,838,534 158,137,246 Machinery and equipment 20,436,025 12,944,539 33,380,564 Infrastructure 300,752,306 145,592,106 446,344,412
Intangible Right-to-Use Buildings 1,438,377 - 1,438,377 Total depreciable assets 431,925,420 207,375,179 639,300,599 Less accumulated depreciation and
amortization:

Buildings and improvements (52,454,967) (11,869,940) (64,324,907) Machinery and equipment (16,986,835) (7,223,695) (24,210,530) Infrastructure (180,349,124) (59,397,292) (239,746,416) Intangible Right-to-Use Buildings (177,130) - (177,130) Total accumulated depreciation (249,968,056) (78,490,927) (328,458,983) Total net depreciable assets 181,957,364 128,884,252 310,841,616 Total capital assets 237,484,252$ 158,695,811$ 396,180,063$ Total
Business-Type
Activities
80 272
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 7 – CAPITAL ASSETS (Continued)
The following is a summary of capital assets for governmental activities:

Balance at
July 1, 2021 Adjustments/ Balance at
(as restated) Additions Deletions Reclassifications Transfers June 30, 2022 Non-depreciable assets:

Land $ 36,285,723 $ 2,985 $ - $ - $ (534,140) 35,754,568$ Construction in Progress 16,531,188 6,494,002 - - (3,252,870) 19,772,320 52,816,911 6,496,987 - - (3,787,010) 55,526,888 Depreciable assets:

Buildings and Improvements 108,206,079 227,295 - - 865,338 109,298,712 Machinery and Equipment 19,987,771 679,698 (231,444) - - 20,436,025 Infrastructure 298,271,915 92,859 - - 2,387,532 300,752,306 Intangible Right-to-Use Buildings 1,438,377 - - - - 1,438,377 427,904,142 999,852 (231,444) - 3,252,870 431,925,420 Less accumulated depreciation
and amortization:

Buildings and Improvements (49,427,658) (3,023,278) - (4,031) - (52,454,967) Machinery and Equipment (15,670,918) (1,388,819) 212,713 (139,811) - (16,986,835) Infrastructure (174,306,883) (6,032,885) - (9,356) - (180,349,124) Intangible Right-to-Use Buildings - (177,130) - - - (177,130) Total (239,405,459) (10,622,112) 212,713 (153,198) - (249,968,056) Total depreciable assets, net 188,498,683 (9,622,260) (18,731) (153,198) 3,252,870 181,957,364 Total capital assets, net 241,315,594$ (3,125,273)$ (18,731)$ (153,198)$ (534,140)$ 237,484,252$ Total
Total
In fiscal year 2022, the City’s Governmental Activities transferred land in the amount of $534,140 to the Pittsburg Power Enterprise Fund in accordance with a City Council Resolution. In addition, the City implemented the provisions of GASB Statement No. 87, Leases, which required the restatement of capital assets, specifically to incorporate an intangible right-to-use buil ding. As a result, initial right-to- use lease assets were recorded in the amount of $1,438 ,377 as of July 1, 2021. Th e lease assets are offset with lease liabilities as discussed in Note 4B.

Governmental activities depreciation expenses for capi tal assets for the year ended June 30, 2022 are as follows:

General Government 1,143,551$
City Manager and City Clerk 39,330
Human Resources 4,070
Finance and Services 82,071
Community Development and Services 273,537
Public Safety 215,839
Public Works 7,990,862
Internal Service Funds 872,852
Total depreciation and amortization expense 10,622,112$ 81 273
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 7 – CAPITAL ASSETS (Continued)
The following is a summary of capital assets for business-type activities:

Balance at
July 1, 2021 Additions Deletions Reclassifications Transfers Balance at
June 30, 2022
Non-depreciable assets:

Land 2,187,105$ -$ -$ -$ 534,140$ 2,721,245$ Construction in Progress 37,273,401 5,792,279 - - (15,975,366) 27,090,314 Total 39,460,506 5,792,279 - - (15,441,226) 29,811,559 Depreciable assets:

Buildings and improvements 34,212,246 - - - 14,626,288 48,838,534 Machinery and equipment 11,473,611 131,350 (9,500) - 1,349,078 12,944,539 Infrastructure 145,592,106 - - - - 145,592,106 Total 191,277,963 131,350 (9,500) - 15,975,366 207,375,179 Less accumulated depreciation:

Buildings and improvements (11,371,278) (855,349) - 356,687 - (11,869,940) Machinery and equipment (6,136,648) (464,492) 8,945 (631,500) - (7,223,695) Infrastructure (57,380,039) (2,136,751) - 119,498 - (59,397,292) Total (74,887,965) (3,456,592) 8,945 (155,315) - (78,490,927) Total depreciable assets, net 116,389,998 (3,325,242) (555) (155,315) 15,975,366 128,884,252 Total capital assets, net 155,850,504$ 2,467,037$ (555)$ (155,315)$ 534,140$ 158,695,811$ In fiscal year 2022, the City transferred land in the amount of $534,140 to th e Pittsburg Power Fund in accordance with a City Council Resolution.

Business-type activities depreciation expenses for ca pital assets for the year ended June 30, 2022 are as follows:

Water Utility 1,717,061$
Sewer Utility 705,040
Marina 446,109
Pittsburg Power 582,967
Water Front Operations 5,415
Total 3,456,592$
B. Fund Financial Statements
The Governmental Fund Financial Statements do not present General Government Capital Assets.

Consequently, capital assets are shown as a reconcilin g item in the Reconciliation of the Governmental Funds Balance Sheet to the Government-Wide Statement of Net Position.

The capital assets of the enterprise funds in the Proprietary Fund Fina ncial Statements are the same as those shown in the business-type activities of the Government-Wide Financial Statements. Internal Service Funds capital assets are combined with governmental activities. 82 274
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 8 – LONG TERM DEBT
Governmental Activities
The following is a summary of long-term debt transact ions of the governmental activities for the year ended June 30, 2022:

Description
Original
Issue
Amount
Beginning
Balance
July 1, 2021 Additions Retirements
Ending
Balance
June 30, 2022
Amounts Due
Within One
Year
Amounts Due
in More Than
One Year
Governmental Activities - Bonds
2006 Pension Obligation Bonds 39,566,056$ 32,872,243$ 1,685,854$ 2,405,000$ 32,153,097$ 2,555,000$ 29,598,097$ Governmental Activities - Direct Borrowings
CEC Energy Conservation Loan 571,097 72,853 - 72,853 - - - Capital Lease - VOIP System Upgrade 606,044 121,208 - 121,208 - - - PG&E Energy Efficient Loan 213,294 145,756 - 21,329 124,427 21,329 103,098 Capital Lease - Fleet Maintenance 549,017 287,415 - 111,731 175,684 116,018 59,666 Capital Lease - Fleet Maintenance Equipment 261,368 162,683 - 52,200 110,483 54,202 56,281 Capital Lease - Vehicles and Equipment 848,058 609,754 - 166,307 443,447 172,517 270,930 Total Governmental Activities - Direct Borrowings 1,399,669 - 545,628 854,041 364,066 489,975 Total Governmental Activities 34,271,912$ 1,685,854$ 2,950,628$ 33,007,138$ 2,919,066$ 30,088,072$ Series 2006 Pension Obligation Bonds
On June 15, 2006, the City issued $39,566,056 of Series 2006 Taxable Pension Obligations Bonds bearing interest at 5.850-6.115% to prepay the City’s unfunded accrued actuar ial liability of the Miscellaneous and Safety plans through the California Public Employees’ Retirement System.

The City also prepaid
the unfunded liability owed to Contra Costa Coun ty Employees Retirement Association (CCCERA) which amounted to $12,700,000 as of June 30, 2006. The Bonds are issued as current interest bonds and capital interest bonds where the current interest is payable annually on July 1, and the capital appreciation bonds will accrete interest from the date of issuance and will be payable only upon maturity or redemption. The bonds are payable from any form of taxation. The bond covenant contains events of default that require the revenue of the City to be applied by the Trustee as specified in the terms of the agreement if any of the following condit ions occur: default on de bt service payments; the failure of the City to observe or perform the cond itions, covenants, or agreement terms of the debt; bankruptcy filing by the City; or if any court or co mpetent jurisdiction shall assume custody or control of the City. The covenant also contains a subjective acceleration clause that allows the trustees or holders, who hold the majority of the aggregate principal amount of the notes, to accelerate payment of the entire principal amount outstanding and interest accrued to become immediately due if they determine that a material adverse change occurs. Annual principal and interest payments on the bonds are expected to require approximately 5.0% of city-w ide revenues. At June 30, 2022, the total principal and interest remaining to be paid on the bonds was $55,979,357. For the cu rrent year, principal and interest paid were $3,738,684 and City-wide governmental revenues were $95,654,048. 83 275
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 8 – LONG TERM DEBT (Continued)

The Bonds unaccreted discount and the current ye ar accretion totaled $10, 826,903 and $1,685,854, respectively, at June 30, 2022. The Bonds do not pay periodic interest. Interest on the Bonds will accrete in value at the rates between 5.85% and 6.12%. Repa yment of the accreted principal commenced July 1, 2015. Final repayment will be July 1, 2036.

The annual debt service requirements to mature th e Series 2006 Pension Obligation Bonds outstanding at June 30, 2022, were as follows:

Year Ending
June 30, Principal (1) Interest Total
2023 2,555,000$ 1,299,389$ $ 3,854,389 2024 2,650,000 1,261,572 3,911,572 2025 2,750,000 1,220,061 3,970,061 2026 2,855,000 1,174,709 4,029,709 2027 2,655,000 1,134,528 3,789,528 2028-2032 14,705,000 5,077,013 19,782,013 2033-2037 14,810,000 1,832,085 16,642,085 Total 42,980,000$ 12,999,357$ $ 55,979,357 (1) Includes unaccreted discount in the total amount
of $10,826,903.

CEC Energy Conservation Loan (Direct Borrowing)

On May 31, 2012, the City obtained a State of California Energy Resources Conservation and Development Commission loan from the Califor nia Energy Commission (CEC), in the amount of $571,097, bearing an interest rate of 3.0% to convert all decorative lamp fixtures from High Pressure Sodium (HPS) to Light Emitted Diode (LED), including the installation of 621 LED lamps on 610 poles.

The loan is repayable from general funds from savi ngs in energy costs, and interest and principal payments are payable semiannually on June 22 and December 22, commencing December 22, 2013.

As of June 30, 2022, the outstanding principal balance on the loan was fully repaid.

Capital Leases for Governmental Activities (Direct Borrowings)

On April 2, 2018, the City entered into a five-year interest free (0%), master tax-exempt lease agreement for a total principal cost of $606,044 with Key Gove rnment Finance, Inc. to finance the upgrade of the City’s computer network equipment and internet protocol phone system. Principal payments are due annually, commencing May 3, 2018, and maturing on May 3, 2022. As of June 30 , 2022, the outstanding principal balance of the lease was fully repaid.

84 276
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 8 – LONG TERM DEBT (Continued)

On April 5, 2018, the City obtained a ten-year, interest free (0%), no fee loan from Pacific Gas and Electric (PG&E) in the amount of $213,294, to partially fund the cost of replacing the City Hall Chiller with an energy-efficient system. The loan is repayable from general funds. Principal payments are paid monthly with on-bill PG&E payments, commencing Ma y 2018. As of June 30 , 2022, the outstanding principal balance on the loan was $124,427.

The annual debt service requirements to mature the lease outstanding at June 30, 2022, are as follows:

Year Ending
June 30, Principal Total
2023 21,329$ 21,329$
2024 21,329 21,329
2025 21,329 21,329
2026 21,329 21,329
2027 21,329 21,329
2028 17,782 17,782
Total 124,427$ 124,427$

On November 15, 2018, the City entered into a five -year lease agreement for a total principal cost of $549,017 with Holman Capital Corporation to fina nce the purchase of three vehicles and a street sweeper for the Fleet Maintenance Department. The interest rate on the capital lease is 3.80% and principal and interest payments are due semi-annu ally, commencing May 15, 2019, and maturing on November 15, 2023. As of June 30, 2022, the outstanding principal balance of the lease was $175,684.

The annual debt service requirements to mature the lease outstanding at June 30, 2022, are as follows:

Year Ending
June 30, Principal Interest Total
2023 116,018$ 5,584$ 121,602$ 2024 59,666 1,135 60,801 Total 175,684$ 6,719$ 182,403$

85 277
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 8 – LONG TERM DEBT (Continued)
On April 24, 2019, the City entered into a five-year lease agreement for a total principal cost of $261,368 with Holman Capital Corporation for various equipment. The interest rate on th e capital lease is 3.80% and principal and interest paymen ts are due semi-annually, commenc ing October 24, 2019, maturing on April 24, 2024. As of June 30, 2022, the outstanding principal balance of the lease was $110,483.

The annual debt service requirements to mature the lease outstanding at June 30, 2022, are as follows:

Year Ending
June 30, Principal Interest Total
2023 54,202$ 3,688$ 57,890$
2024 56,281 1,609 57,890
Total 110,483$ 5,297$ 115,780$
On October 21, 2019, the City ente red into a five-year lease agreemen t for a total principal cost of $848,058 with Holman Capital Corporation for various vehicles and equipment. The interest rate on the capital lease is 3.70% and princi pal and interest payments are du e semi-annually, commencing April 21, 2020, maturing on October 21, 2024. As of June 30, 2022, the outstanding principal balance of the lease was $443,447.

The annual debt service requirements to mature the lease outstanding at June 30, 2022, are as follows:

Year Ending
June 30, Principal Interest Total
2023 172,517$ 14,827$ 187,344$
2024 178,960 8,384 187,344
2025 91,970 1,701 93,671
Total 443,447$ 24,912$ 468,359$
Business-Type Activities
The following is a summary of long-term debt transactions of the business-type activities for the year ended June 30, 2022:

Description
Original Issue
Amount
Beginning
Balance
July 1, 2021 Addi tions Retirements
Ending
Balance
June 30, 2022
Amounts Due
Within One
Year
Amounts Due in
More Than One
Year
2016 Water Revenue
Refunding Bonds 30,850,000$ 24,570,000$ -$ 1,450,000$ 23,120,000$ 1,500,000$ 21,620,000$ 2014 California Infrastructure and
Economic Development Direct Bank Loan 11,387,398 9,944,520 - 270,871 9,673,649 280,379 9,393,270 2022A Water Revenue Bonds 43,870,000 - 43,870,000 - 43,870,000 - 43,870,000 Unamortized premium on 2022A Bonds - 2,394,337 - 2,394,337 - 2,394,337 34,514,520$ 46,264,337$ 1,720,871$ 79,057,986$ 1,780,379$ 77,277,607$ 86 278
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 8 – LONG TERM DEBT (Continued)
2016 Water Revenue Refunding Bonds
On November 15, 2016, the City issued 2016A Wate r Revenue Refunding Bonds in the amount of $30,070,000 Series 2016A Tax Exempt and $780,000 Series 2016-Taxable Bonds for a combined total of $30,850,000. The proceeds from the Bonds were used to retire the 2008 Wate r Refunding Bond and to pay a Swap Termination Fee. The Tax-Exempt Bond s bear interest ranging from 2.0%-5.0% and the T a x a b l e b o n d s b e a r i n t e r e s t o f 0 . 8 7 % . I n t e r e s t o n T a x - E x e m p t b o n d s i s p a y a b l e s e m i - a n n u a l l y e a c h February 1st and August 1st. The Tax-Exempt bonds will mature on August 1, 2034.

The bond covenant contains events of default that re quire the revenue of the City to be applied by the Trustee as specified in the terms of the agreement if any of the following conditions occur: default on debt service payments; the failure of the City to observe or perform the co nditions, covenants, or agreement terms of the debt; bankruptcy filing by th e City; or if any court or competent jurisdiction shall assume custody or control of the City. The covenant also contains a subjective acceleration clause that allows the trustees or holders, who hold the majority of the aggregate principal amount of the notes, to accelerate payment of the entire principal amount outstanding and interest accrued to become immediately due if they determine that a material adverse change occurs.

The annual debt service requirements to mature the loan outstanding at June 30, 2022 were as follows:

Year Ending
June 30, Principal Interest Total
2023 1,500,000$ 975,750$ 2,475,750$
2024 1,560,000 899,250 2,459,250
2025 1,620,000 819,750 2,439,750
2026 1,680,000 737,250 2,417,250
2027 1,745,000 651,625 2,396,625
2028-2032 7,740,000 1,715,575 9,455,575
2033-2035 7,275,000 419,375 7,694,375
Total 23,120,000$ 6,218,575$ 29,338,575$
87 279
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 8 – LONG TERM DEBT (Continued)

2014 California Infrastructure and Economic Development Bank Installment Sale Agreement (Direct Loan)

On November 17, 2014, the City of Pittsburg entere d into an installment sale agreement (agreement) with the California Infrastructure and Economic Development Bank for financing the costs of modifications to the Pittsburg Water Treatment Plant and installation of approximately 9,100 feet of transmission line and other related costs. The principal amount provided under the agreement is $11,387,398 payable over a term of 30 years. Prin cipal payments are made annually on August 1, commencing August 1, 2015 through August 1, 2044. The installment sa les payments bear an interest rate of 3.51% per annum with inte r e s t p a y m e n t s m a d e s e m i - a n n u a l l y o n F e b r u a r y 1 a n d A u g u s t 1 , commencing February 1, 2015 through August 1, 2044. The installments are payable from Water Charge Revenues. During fiscal year ended June 30, 2022, principal and interest paid was $615,170 and water charge revenues were $27,544,712.

The agreement contains events of default that require the revenue of the City to be applied by the Bank as specified in the terms of the agreement if any of the following conditions occur: default on debt service payments; the failure of the City to observe or perform the conditions, covenants, or agreement terms of the loan; bankruptcy filing by the City; or if any court or competent jurisdiction shall assume custody or control of the City. The covenant also cont ains a subjective acceleration clause that allows the Bank to accelerate payment of the entire prin cipal amount outstanding and interest accrued to become immediately due if they determine that a material adverse change occurs.

The annual debt service requirements to mature th e outstanding balance at June 30, 2022, were as follows:

Year Ending
June 30, Principal Interest Annual Fee
2023 280,379$ 334,624$ 29,021$ 2024 290,220 324,610 28,180 2025 300,407 314,245 27,309 2026 310,951 303,516 26,408 2027 321,866 292,410 25,475 2028-2032 1,786,933 1,281,328 112,195 2033-2037 2,123,340 939,013 83,444 2038-2042 2,523,081 532,258 49,276 2043-2045 1,736,472 92,827 10,538 Total 9,673,649$ 4,414,831$ 391,846$

88 280
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 8 – LONG TERM DEBT (Continued)

2022A Water Revenue Bonds

On May 1, 2022, the City issued Series 2022A Water Revenue Bonds in the amount of $43,870,000. The p r o c e e d s f r o m t h e B o n d s w e r e u s e d t o f i n a n c e c e r tain capital improvements to the City’s municipal water system and to pay costs incurred in connection with the issuance of the Bonds. The Tax-Exempt Bonds bear interest in the amount of 5%. Interest is payable semi-annually each February 1 and August 1, commencing August 1, 2022. Prin cipal payments are payable on Au gust 1, commencing August 1, 2034. The installments are payable solely from Net Water Revenues. The City is subject to certain revenue bond covenants, the most restrictive which re quires annual net revenues be equal to at least 125% of the current annual debt service requirements of the Bonds. For the current year, the City was not required to make principal and interest payments.

The annual debt service requirements to mature th e outstanding balance at June 30, 2022, were as follows:

Year Ending
June 30, Principal Interest Total
2023 -$ 1,416,279$ 1,416,279$ 2024 - 2,081,062 2,081,062 2025 - 2,081,062 2,081,062 2026 - 2,081,062 2,081,062 2027 - 2,081,062 2,081,062 2028-2032 - 10,405,310 10,405,310 2033-2037 3,265,000 10,204,435 13,469,435 2038-2042 8,215,000 8,604,185 16,819,185 2043-2047 11,720,000 6,367,805 18,087,805 2048-2052 16,785,000 3,138,575 19,923,575 2053 3,885,000 97,125 3,982,125 Total 43,870,000$ 48,557,962$ 92,427,962$

Debt Management Policy

The City has adopted a comprehensive debt mana gement policy that guides the issuance and management of City debt. The policy includes establ ishing the legal debt limi ts (per State law this equates to 15% of assessed value of all real and personal property of the City), identifying the types of debt that can be issued and purpos es for which debt proceeds can be used, establishing financial limits affecting debt issuance, and identifying guidelines regarding the structuring of debt. At the end of fiscal year 2022, the City had total debt outstand ing of $112 million, which complies with, and is significantly under, the current policy limits.

89 281
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 9 – SPECIAL ASSESSMENT DISTRICT DEBT WITHOUT CITY COMMITMENT The City has sponsored special assessment debt issu es under which it has no legal or moral liability with respect to repayment of the debt and theref ore does not include this debt in the City’s Governmental Activities. The activity for those issues for the year ended June 30, 2022, was as follows:

Balance Balance
June 30, 2021 Retirements June 30, 2022
2001-03 Century Plaza A.D. Bonds 2,645,000$ 160,000$ 2,485,000$ 2011 Pittsburg IFA Bonds 8,015,000 920,000 7,095,000 2015 Vista Del Mar A.D. Refunding Bonds 7,880,000 395,000 7,485,000 Total 18,540,000$ 1,475,000$ 17,065,000$
2001-03 Century Plaza Assessment District Bonds – The Century Plaza Bonds bear interest rates between 2.40% and 5.88% with interest payments made semi-annually on March 2 and September 2.

The Century Plaza Bonds are to be paid from a nnual assessment installments. Proceeds from the Century Plaza Bonds were used to finance the co
nstruction and acquisition of certain public
improvements within the City’s Assessment District No. 2001-03. The outstanding balance at June 30, 2022 amounted to $2,485,000.
2011 Pittsburg Infrastructure Financing Authority Bonds – In August 2011, the City refinanced the 1998 Marina Walk Assessment District Bonds, 19 98 Pittsburg Infrastructure Financing Authority Bonds, 2001-01 San Marco Assessment District Bonds and 2001-02 Oak Hills South Assessment District Bonds. These Districts were conso lidated into one Reassessment Distri ct No. 2011-1. The true interest cost of the refunded bonds is 4.5%. The outstanding balance at June 30, 2022 amounted to $7,095,000. 2015 Vista Del Mar Assessment Dist rict Special Tax Refunding Bonds – In June 2015, the City refunded and defeased the 2005 Vista Del Mar Asse ssment District Bonds. The 2015 Vista Del Mar Bonds bear interest rates between 2.0% and 5.0% with interest payments made semi-annually on March 1 and September 1. The Vista Del Mar Bonds are to be paid from special taxes which are levied by the City on taxable real property within the boundaries of the District. The outstanding balance at June 30, 2022 amounted to $7,485,000.
90 282
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 10 – NET POSITION AND FUND BALANCES
Net Position is measured on the full accrual basis while Fund Balance is measured on the modified accrual basis.

A. Net Position
Net Position is the excess of all the City’s assets and deferred outflows of resources over all its liabilities and deferred inflows of resources, regardless of fund . Net Position is divided into three captions.

These captions apply only to Net Position, which is determined only at the Government-wide level, and are described below:

In the Government-Wide Financial Statements, net positions are classified in the following categories.

Net Investment in Capital Assets, describes the portion of Net Position which is represented by the current net book value of the City’s capital assets, less the outstanding balance of any debt issued to finance these assets.

Restricted describes the portion of Net Position which is restricted as to use by the terms and conditions of agreements with outside parties, governmental regula tions, laws, or other restrictions which the City cannot unilaterally alter. These principally include developer fees received fo r use on capital projects, debt service requirements, and redevelopment funds restricted to low and moderate income purposes.

Unrestricted describes the portion of Net Position which is not restricted to use.

B. Fund Balances
Governmental fund balances represent the net current assets of each fund. Net current assets generally represent a fund’s cash and receivables, less its liabilities.

The City’s fund balances are classified in accord ance with Governmental Accounting Standards Board Statement Number 54 (GASB 54), Fund Balance Reporting and Governmental Fund Type Definitions, which requires the City to classify its fund balances based on spending constraints imposed on the use of resources. For programs with multiple funding so urces, the City prioritizes and expends funds in the following order: Restricted, Committed, Assigned, an d Unassigned. Each category in the following hierarchy is ranked according to the degree of spending constraint:

Nonspendables represents balances set aside to indicate items do not represent available, spendable resources even though they are a component of assets. Fund balances required to be maintained intact, such as Permanent Funds, and assets not expected to be converted to cash, such as prepaids, notes receivable, and land held for redevelopment are included. However, if proceeds realized from the sale or collection of nonspendable assets are restricted, committed or assigned, then Nonspendable amounts are required to be presented as a component of the applicable category. 91 283
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 10 – NET POSITION AND FUND BALANCES (Continued)

Restricted fund balances have external restrictions impo sed by creditors, grantors, contributors, laws, regulations, or enabling legislation which requires the resources to be used only for a specific purpose.

Committed fund balances have constraints imposed by fo rmal action of the City Council through City Resolution, which may be altered only by formal action (Resolution) of the City Council.

Nonspendable amounts subject to council commitments are included along with spendable resources.

Assigned fund balances are amounts constrained by the City ’s intent to be used for a specific purpose, but are neither restricted nor committed. Intent is expressed through City Resolution, Ordinance, or through language in the adopted budget, by the City Council or its designee (City Manager for items from $75,000 to $150,000 and Senior Executive Team members for items below $75,000) and may be changed at the discretion of the City Council or its designee.

Unassigned fund balance represents residual amounts th at have not been restricted, committed, or assigned. This includes the residual general fund ba lance and residual fund deficits, if any, of other governmental funds.

To comply with GASB 54 requirements, the Bu dget Stabilization, Economic Development and California Theatre activities are consolidated with in the General Fund. The following table provides details of the General Fund’s fund balance at June 30, 2022:

Fund/Activity Nonspendable Assigned Unassigned Total
General 1,248,860$ 105,844$ 28,502,479$ 29,857,183$ Budget stabilization - - 2,445,285 2,445,285 Economic development - 1,403,326 - 1,403,326 Total 1,248,860$ 1,509,170$ 30,947,764$ 33,705,794$

Budget Stabilization Arrangement

City Council adopted a Resolution establishing a Budget Stabilization Fund for the City’s General Fund and requires the City to deposit year-end surpluses in to it. The funds can only be used to help balance future budgets. As of June 30, 2022, the Budget St abilization, which is reported within the unassigned fund balance of the General Fund, had a balance of $2,445,285. 92 284
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 10 – NET POSITION AND FUND BALANCES (Continued)
Detailed classifications of the City’s Fund Balances, as of June 30, 2022, are listed below:

Housing Successor Other
General Authority Agency Miscellaneous Governmental
Fund Balance Classifications Fund Section 8 Housing Grants Funds Total Nonspendables:

Items not in spendable form:

Prepaid Items 11,277$ 5,068$ -$ -$ 11,823$ 28,168$ Loans and Notes Receivable 1,176,077 - - - - 1,176,077 Inventory 61,506 1,374 - 57,167 234,308 354,355 Advances - - - - 3,485,049 3,485,049 Total Nonspendable Fund Balances 1,248,860 6,442 - 57,167 3,731,180 5,043,649 Restricted for:

Special revenue pro jects:

Grants - - - 1,011 - 1,011 Street and Highway Code Maintenance - - - - 930,918 930,918 Public Improvements and Transit Pro jects - - - - 573,917 573,917 Street Lighting and Landscape Maintenance - - - - 819,732 819,732 Solid Waste - - - - 1,120,491 1,120,491 Environmental Compliance Pro jects - - - - 9,065,393 9,065,393 Public Safety - - - - 514,855 514,855 Fire - - - - 40,139 40,139 Marina Dredging - - - - 775,928 775,928 Park Dedication - - - - 280,647 280,647 Communit y Arts and Literacy - - - - 219,042 219,042 Debt Service - - - - 3,256,850 3,256,850 Low Income Housing - 242,891 6,858,098 - 626,533 7,727,522 Capital Projects - - - - 12,756,545 12,756,545 Total Restricted Fund Balances - 242,891 6,858,098 1,011 30,980,990 38,082,990 Committed to:

Capital Improvement - - - - 4,504,284 4,504,284 Field Replacement - - - - 735,842 735,842 Public Education - - - - 596,444 596,444 Total Committed Fund Balances - - - - 5,836,570 5,836,570 Assigned to:

Special Revenue Projects - - - - 54,207 54,207 Police Buys 1,220 - - - - 1,220 Leisure Service 6,656 - - - - 6,656 Mapping Equipment 62,624 - - - - 62,624 Payroll Imprest Fund Balance 35,344 - - - - 35,344 Economic Development 1,403,326 - - - - 1,403,326 Total Assigned Fund Balances 1,509,170 - - - 54,207 1,563,377 Unassigned:

General fund 28,502,479 - - - - 28,502,479 Stabilization Arrangements 2,445,285 - - - - 2,445,285 Other governmental funds - - - - (3,686,344) (3,686,344) Total Unassigned Fund Balances 30,947,764 - - - (3,686,344) 27,261,420 Total Fund Balances 33,705,794$ 249,333$ 6,858,098$ 58,178$ 36,916,603$ 77,788,006$ Special Revenue
93 285
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 10 – NET POSITION AND FUND BALANCES (Continued)

C. Deficit Fund Balance/Net Position

At June 30, 2022, the following funds had deficit fund balances:

Fund Amount
Special Revenue Funds:

Railroad Avenue Specific Area Plan 3,105,049$ (a) Golf Course 375,754 (b)
Capital Projects Fund:

Regional Freeway Security Fee 205,121 (c)

(a) The deficit is caused by the completion of th e eBart project and will be reduced by future assessments revenues.
(b) The Golf Course Fund will be closed in fiscal year 2023 and all assets , liabilities, and fund balance deficiencies will be absorbed by the Economic Development Fund. (c) The deficit is caused by timing differences and will be reduced by future CalTrans funds.

NOTE 11 – RISK MANAGEMENT

A. General Liability Insurance

The City is self-insured for the first $25,000 of each loss and maintains excess liability insurance through Municipal Pooling Authority (MPA). The City is not insured for liability occurrences over $29,000,000 per occurrence.

B. Workers’ Compensation

The City maintains statutory excess workers’ compensation insurance through MPA, and is insured for an individual accident resulting in claims up to statutory limits. The City is not self-insured for any initial portion of a claim but is self-insured for claims exceeding statutory limits.

C. Estimated Reserves for Claims

Municipalities are required to record their liabili ty for uninsured claims an d to reflect the current portion of this liability as expenditure in their fina ncial statements. As discussed below, the City has coverage for such claims, but it has retained the risk for the deductible or uninsured portion, of these claims.

The City reports all claims as a current liability base d on historical results. The City’s liability for uninsured claims, based on claims history, was computed as follows and is recorded in the Insurance Internal Service Fund:

94 286
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 11 – RISK MANAGEMENT (Continued)
For the Years
Ended
June 30,
Claims
Payable at
July 1
Fiscal Year
Claims and
Changes in
Estimates
Claims
Payments
Claims
Payable at
June 30
2013 $ 117,713 47,199 $ (36,027) $ 128,885 2014 128,885 88,503 (22,323) 195,065 2015 195,065 202,195 (148,208) 249,052 2016 249,052 90,846 (189,401) 150,497 2017 150,497 506,110 (399,353) 257,254 2018 257,254 (65,124) (64,612) 127,518 2019 127,518 115,612 (168,608) 74,522 2020 74,522 137,571 (141,895) 70,198 2021 70,198 472,501 (317,182) 225,517 2022 225,517 (2,217) (131,356) 91,944 D. Purchased Insurance
MPA provides additional coverage for the following risks incurred by the City:

Coverage Type Deductible Coverage Limits
All Risk Fire and Property $ 25,000 $ 800,000,000 All Vehicles (Physical Damage) 2,000 250,000
Boiler and Machinery 5,000 100,000,000
Cyber Liability 50,000 2,000,000
Employment Liability 50,000 2,000,000
Flood 100,000 25,000,000
Government Crime Coverage 2,500 5,000,000
Liability 25,000 29,000,000
Police Vehicles (Physical Damage) 3,000 250,000
Public Entity Pollution Liability 100,000 1,000,000
Workers' Compensation None Statutory Limits
MPA is governed by a Board consisting of representatives from member municipalities. 95 287
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 11 – RISK MANAGEMENT (Continued)

The Board controls the operations of MPA, incl uding selection of mana gement and approval of operating budgets, independent of any influe nce by member municipalities beyond their representation on the Board.

The City’s deposits with MPA are in accordance wi th formulas established by MPA. Actual surpluses or losses are shared according to a formula develo ped from overall loss costs and spread to member entities on a percentage basis after a retrospective rating.

Audited financial statements can be obtained from Municipal Pooling Authority at 1911 San Miguel Drive #200, Walnut Creek, CA 94596-5332.

E. Adequacy of Protection

During the past three fiscal (claims) years none of the above programs of protection have had settlements or judgments that exc eeded pooled or insured coverage. There have been no significant reductions in pooled or insured liability coverage from coverage in the prior year.

NOTE 12 – DEFINED BENEFIT PENSION PLANS

A. Plan Descriptions and Summary of Balances by Plan

The City has two defined benefit pension plans, a Miscellaneous Plan and a Safety Plan. The Miscellaneous Plan is an Agent-Multiple Employer Plan and the Safety Plan is a Cost-Sharing Employer Plan administered by the California Pub lic Employees’ Retirement System (CalPERS).

Benefit provisions under the Plans are established by State statute and City Ordinance.

All qualified permanent and probationary employees ar e eligible to participate in the separate Safety Plan, cost-sharing multiple employer defined benefit pension plan and Miscellaneous (all other) Plan, an agent multiple-employer defined benefit pensio n plan, administered by the California Public Employees’ Retirement System (CalPERS), which ac ts as a common investment and administrative agent for its participating member employers. CalPER S issues publicly available reports that include a full description of the pension plans regarding benefit provisions, assumptions and membership information that can be found on the CalPERS website.

For purposes of measuring the net pension liability and deferred outflows/inflows of resources related to pensions, and pension expense, information about the fiduciary net position have been determined on the same basis as they are reported by the CalPERS Financial Office. For this purpose, benefit payments (including refunds of employee contributions) are recognized when currently due and payable in accordance with the benefit terms. Investments are reported at fair value.

96 288
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 12 – DEFINED BENEFIT PENSION PLANS (Continued)
Below is a summary of the deferred outflows of resources, net pension liabilities and deferred inflows of resources by Plan:

Plan
Deferred
Outflows of
Resources
Net Pension
Liability/
Proportionate
Share of Net
Pension Liability
Deferred Inflows
of Resources Pension Expense
CalPERS Plans:

Miscellaneous 5,009,784$ 15,807,794$ 10,370,828$ 2,007,431$ Safety 9,081,033 17,271,735 12,473,671 6,195,952 CCCERA Closed Plan - 6,368,753 - 805,364
Total 14,090,817$ 39,448,282$ 22,844,499$ 9,008,747$ The long-term portion of the governmental activities Net Pension Liability is liquidated primarily by the General Fund.

Each Plan is discussed in detail below.

B. CalPERS Miscellaneous Plan
Benefits Provided – CalPERS provides service retirement and disability benefits, annual cost of living adjustments and death benefits to plan members, wh o must be public employees and beneficiaries.

Benefits are based on years of credited service, eq ual to one year of full time employment. Members with five years of total service are eligible to reti re at age 50 with statutorily reduced benefits. All members are eligible for non-duty disability benefits after 10 years of service. The death benefit is one of the following: the Basic Death Benefit, the 1957 Su rvivor Benefit, or the Optional Settlement 2W Death Benefit. The cost of living adjustments for each plan are applied as specified by the Public Employees’ Retirement Law. The Pension Reform Act of 2013 (PEPRA), Assembly Bill 340, is applicable to employees new to CalPERS and hired after December 31, 2012.

The Plans’ provisions and benefits in effect at June 30, 2022, are summarized as follows:

Miscellaneous
Hire date
Prior to
July 10, 2011
On or after
July 10, 2011
On or after
January 1, 2013
Benefit formula 2.0% @ 55 2.0% @ 60 2.0% @ 62
Benefit vesting schedule 5 years service 5 years service 5 years service Benefit payments monthly for life monthly for life monthly for life Retirement age 50 to 63 50 to 63 52 to 67
Monthly benefits, as a % of eligible compensation 1.426% to 2.418% 1.092% to 2.418% 1.000% to 2.500% Required employee contribution rates 7.0% 7.0% 6.25%
Required employer contribution rates (A) 9.450% 9.450% 9.450% (A) Represents a blended contribution rate.
97 289
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 12 – DEFINED BENEFIT PENSION PLANS (Continued)

Beginning in fiscal year 2016, CalPERS collects employ er contributions for the Plan as a percentage of payroll for the normal cost portion as noted in the rates above and as a dollar amount for contributions toward the unfunded liability (UAL). The dollar am ounts are billed on a monthly basis or the City can elect a lump sum payment option. The City’s required contributions for the un funded liability in the Miscellaneous for the year ended June 30, 2022 were $2,150,553, which were made under the lump sum payment option.

Employees Covered – As of the June 30, 2020 actuarial va luation date, the following employees were covered by the benefit terms for the Plan:

Miscellaneous
Inactive employees or beneficiaries currently receiving benefits 152 Inactive employees entitled to but not yet receiving benefits 184 Active employees 191
Total 527

As of June 30, 2022, the City had 191 active employees in the Miscellaneous Plan.

Contributions – Section 20814(c) of the California Public Employees’ Retirement Law requires that the employer contribution rates for all public employers be determined on an annual basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. Funding contributions for both Plans are determined annually on an actuarial basis as of June 30 by CalPERS. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to fina nce any unfunded accrued liability. The City is required to contribute the difference between the ac tuarially determined rate and the contribution rate of employees.

Net Pension Liability – The City’s net pension liability for the Miscellaneous Plan is measured as the total pension liability, less the pe nsion plan’s fiduciary net position . The net pension liability of the Plan is measured as of June 30, 2021, using an annual actuarial valu ation as of June 30, 2020 rolled forward to June 30, 2021 using standard update pr ocedures. A summary of principal assumptions and methods used to determine the net pension liability is shown below.

98 290
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 12 – DEFINED BENEFIT PENSION PLANS (Continued)
Changes in Net Pension Liability – The changes in the Net Pension Liability for the Miscellaneous Plan follows:

Increase (Decrease)
Total Pension
Liability
Plan Fiduciary
Net Position
Net Pension
Liability
Balance at June 30, 2020 111,326,819$ 81,567,793$ 29,759,026$ Changes in the year:

Service cost 2,424,499 - 2,424,499
Interest on the total pension liability 7,781,919 - 7,781,919 Differences between actual and expected experience (1,431,592) - (1,431,592) Net Plan to Plan Resource Movement - 10,124 (10,124)
Contribution - employer - 3,074,038 (3,074,038)
Contribution - employee - 1,174,220 (1,174,220)
Net investment income - 18,549,157 (18,549,157)
Benefit payments, including refunds of employee
contributions (4,538,899) (4,538,899) -
Administrative Expenses - (81,481) 81,481
Net changes 4,235,927 18,187,159 (13,951,232) Balance at June 30, 2021 115,562,746$ 99,754,952$ 15,807,794$ Sensitivity of the Net Pension Liability to Changes in the Discount Rate – The following presents the net pension liability of the City fo r the Plan, calculated using the disc ount rate for the Plan, as well as what the City’s net pension liability would be if it were calculated using a discount rate that is 1- percentage point lower or 1-percentage point higher than the current rate:

Miscellaneous

1.0% Decrease 6.15%
Net Pension Liability 32,298,428$
Current Discount Rate 7.15%
Net Pension Liability 15,807,794$

1.0% Increase 8.15%
Net Pension Liability 2,254,114$
99 291
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 12 – DEFINED BENEFIT PENSION PLANS (Continued)
Pension Expenses and Deferred Outflows/Inflows of Resources Related to Pensions – Gains and losses related to changes in total pension liability and fiduciary net position are recognized in pension expense systematically over time.

The first amortized amounts are recognized in pension expense for the year the gain or loss occurs.

The remaining amounts are categorized as deferred outflows and deferred inflows of resources related to pensions and are to be recognized in future pension expense.

The amortization period differs depending on the source of the gain or loss:

Difference between projected and actual earn ings on investments – 5 year straight-line amortization
All other amounts – Straight-line amortization over the average expected remaining services lives of all members that are provided with bene fits (active, inactive, and retired) as of the beginning of the measurement period
The expected average remaining service lifetime (EAR SL) is calculated by dividing the total future service years by the total number of plan participants (active, inactive, and retired). Note that inactive employees and retirees have remaining service lifetimes equal to 0. Also note that total future service is based on the members’ probability of decrementing due to an event other than receiving a cash refund.

For the year ended June 30, 2022, the City recognized pension expense of $2,007, 431. At June 30, 2022, the City reported deferred outflows of resources an d deferred inflows of resources related to pensions from the following sources:

Deferred Outflows Deferred Inflows
of Resources of Resources
Pension contributions subsequent to measurement date 3,603,067$ -$ Changes in assumptions - (66,041)
Differences between actual and expected experience 1,406,717 (1,073,694) Net differences between projected and actual earnings on plan investments - (9,231,093)
Total 5,009,784$ (10,370,828)$
100
292
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 12 – DEFINED BENEFIT PENSION PLANS (Continued)
$3,603,067 reported as deferred outflows of resour ces related to contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended June 30, 2023. Other amounts reported as deferred outflo ws of resources and deferred inflows of resources related to pensions will be recognized as pension expense as follows:

Year Ended Annual
June 30 Amortization
2023 (1,673,221)$
2024 (2,165,455)
2025 (2,578,126)
2026 (2,547,309)
Total (8,964,111)$
Actuarial assumptions and information regarding the discount rate are discussed in Note 12D below.

C. CalPERS Safety Plan
Benefits Provided – CalPERS provides service retirement and disability benefits, annual cost of living adjustments and death benefits to plan members, wh o must be public employees and beneficiaries.

Benefits are based on years of credited service, eq ual to one year of full time employment. Members with five years of total service are eligible to reti re at age 50 with statutorily reduced benefits. All members are eligible for non-duty di
sability benefits after 10 years of service. The death benefit is one of the following: the Basic Death Benefit, the 1957 Su rvivor Benefit, or the Optional Settlement 2W Death Benefit. The cost of living adjustments for each plan are applied as specified by the Public Employees’ Retirement Law.

The Plans’ provisions and benefits in effect at June 30, 2022, are summarized as follows:

Safety
Hire date
Prior to
July 10, 2011
On or after
July 10, 2011
On or after
January 1, 2013
Benefit formula 3.0% @ 50 3.0% @ 55 2.7% @ 57
Benefit vesting schedule 5 years service 5 years service 5 years service Benefit payments monthly for life monthly for life monthly for life Retirement age 50 50 to 55 50 to 57
Monthly benefits, as a % of eligible compensation 3.000% 2.400 % to 3.000% 2.000 % to 2.700% Required employee contribution rates 9.0% 9.0% 13%
Required employer contribution rates 25.430% 20.640% 13.130% 101
293
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 12 – DEFINED BENEFIT PENSION PLANS (Continued)
Beginning in fiscal year 2016, CalPERS collects employ er contributions for the Plan as a percentage of payroll for the normal cost portion as noted in the rates above and as a dollar amount for contributions toward the unfunded liability (UAL). The dollar am ounts are billed on a monthly basis or the City can elect a lump sum payment option. The City’s required contributions for the un funded liability in the Safety for the year ended June 30, 2022 were
$2,214,367 which were made under the lump sum
payment option.

Contributions – Section 20814(c) of the California Public Employees’ Retirement Law requires that the employer contribution rates for all public employers are determined on an annu al basis by the actuary and shall be effective on the July 1 following notice of a change in the rate. Funding contributions for both Plans are determined annually on an actuarial basis as of June 30 by CalPERS. The actuarially determined rate is the estimated amount necessary to finance the costs of benefits earned by employees during the year, with an additional amount to fina nce any unfunded accrued liability. The City is required to contribute the difference between the ac tuarially determined rate and the contribution rate of employees.

For the year ended June 30, 2022, the contributions re cognized as part of pension expense for each Plan were as follows:

Safety
Contributions - employer 4,278,885$
Pension Liabilities, Pension Expenses and Deferre d Outflows/Inflows of Resources Related to Pensions – As of June 30, 2022, the City reported net pension liabilities for its proportionate shares of the net pension liability of the Plan as follows:

Proportionate Share
of Net Pension Liability
Total Safety Net Pension Liability 17,271,735$
The City’s net pension liability for each Plan is me asured as the proportionate share of the net pension liability. The net pension liability of each of the Plans is measured as of June 30, 2021, and the total pension liability for each Plan used to calculate the net pension liability was determined by an actuarial valuation as of June 30, 2020 rolled forward to June 30, 2021 using standard update procedures. The City’s proportion of the net pension liability was based on a projection of the City’s long-term share of contributions to the pension plans relative to the projected contributions of all participating employers, actuarially determined. The City’s proportionate sh are of the net pension liability for the Plan as of June 30, 2020 and 2021 was as follows:

Safety
All Tiers
Proportion - June 30, 2020 0.46340%
Proportion - June 30, 2021 0.49214%
Change - Increase (Decrease) 0.02874%
102
294
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 12 – DEFINED BENEFIT PENSION PLANS (Continued)
For the year ended June 30, 2022, the City recognized pension expense of $6,195, 952. At June 30, 2022, the City reported deferred outflows of resources an d deferred inflows of resources related to pensions from the following sources:

Safety
Deferred Outflows Deferred Inflows
of Resources of Resources
Pension contributions subsequent to measurement date 4,278,885$ -$ Differences between actual and expected experience 2,950,861 (2,193,668) Change in proportion 1,851,287 -
Net differences between projected and actual earnings
on plan investments - (10,280,003)
Total 9,081,033$ (12,473,671)$
$4,278,885 reported as deferred outflows of resour ces related to contributions subsequent to the measurement date will be recognized as a reduction of the net pension liability in the year ended June 30, 2023. Other amounts reported as deferred outflo ws of resources and deferred inflows of resources related to pensions will be recognized as pension expense as follows:

Year Ended Annual
June 30 Amortization
2023 (1,217,549)$
2024 (1,508,044)
2025 (2,117,017)
2026 (2,828,913)
Total (7,671,523)$
103
295
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 12 – DEFINED BENEFIT PENSION PLANS (Continued)
Sensitivity of the Proportionate Share of the Ne t Pension Liability to Changes in the Discount Rate – The following presents the City’s proportionate sh are of the net pension liability for each Plan, calculated using the discount rate for each Plan, as well as what the City’s proportionate share of the net pension liability would be if it were calculated using a discount rate that is 1-percentage point lower or 1-percentage point higher than the current rate:

Total

1.0% Decrease 6.15%
Net Pension Liability 34,594,193$
Current Discount Rate 7.15%
Net Pension Liability 17,271,735$

1.0% Increase 8.15%
Net Pension Liability 3,043,477$
Actuarial assumptions and information regarding the discount rate are discussed in Note 12D below. 104
296
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 12 – DEFINED BENEFIT PENSION PLANS (Continued)
D. Information Common to the Miscellaneous and Safety Plans Actuarial Assumptions – The total pension liabilities in the Ju ne 30, 2020 actuarial valuations were determined using the following actuarial assumptions:

Miscellaneous and Safety (1)
Valuation Date June 30, 2020
Measurement Date June 30, 2021
Actuarial Cost Method Entry-Age Normal Cost Method
Amortization Method Level Percent of Payroll
Actuarial Assumptions:

Discount Rate 7.15% (Miscellaneous and Safety)
Inflation 2.50%
Payroll Growth 2.75%
Projected Salary Increase (2)
Investment Rate of Return 7.15% (3)
Mortality Derived using CalPERS Membership Data for all Funds (4) (1) Actuarial assumptions are the same for all benefit tiers (Tier I-Classic, Tier II, and Tier III-PEPRA) (2) Depending on age, service and type of employment
(3) Net of pension plan investment expenses, includes inflation (4) The mortality table used was developed based on CalPERS' specific data. The probabilities of mortality are based on the 2017 CalPERS Experience Study for the period from 1997 to 2015. Pre- retirement and post-retirement mortality rates include 15 years of projected mortality improvement using 90% of Scale MP-2016 published by the Society of Actuaries. For more details on this table, please refer to the CalPERS Experience Study and Review of Actuarial Assumptions report from December 2017 that can be found on the CalPERS website.

Discount Rate – The discount rate used to measure th e total pension liability was 7.15% for the Miscellaneous and Safety Plans. Th e projection of cash flows used to determine the discount rate for each Plan assumed contributions from all plan me mbers in the Public Employees Retirement Fund (PERF) will be made at the current member contri bution rates and that contributions from employers will be made at statutorily required rates, actuaria lly determined. Based on those assumptions, Plan’s fiduciary net position was projected to be available
to make all projected future benefit payments of
current plan members. Therefore, the long-term ex pected rate of return on plan investments was applied to all periods of projected benefit payments to determine the total pension liability. 105
297
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 12 – DEFINED BENEFIT PENSION PLANS (Continued)
The long-term expected rate of return on pensio n plan investments was determined using a building- block method in which best-estimate ranges of expect ed future real rates of return (expected returns, net of pension plan investment expense and inflation) are developed for each major asset class.

In determining the long-term expected rate of return, CalPERS took into account both short-term and long-term market return expectations as well as the expected pension fund (PERF) cash flows. Such cash flows were developed assuming that both members and employers will make their required contributions on time and as scheduled in all future years. Using historical returns of all the funds’ asset classes, expected compound (geometric) retu rns were calculated over the short-term (first 10 years) and the long-term (11+) using a building-bl ock approach. Using the expected nominal returns for both short-term and long-term, the present value of benefits was calculated for each fund. The expected rate of return was set by calculating th e rounded single equivalent expected return that arrived at the same present value of benefits for cash flows as the on e calculated using both short-term and long-term returns. The expected rate of return was then set equal to the single equivalent rate calculated above and adjusted to account for assumed administrative expenses.

The table below reflects the expected real rates of return by asset class.

Asset Class (a)
Assumed
Asset
Allocation
Real Return
Years 1 - 10(b)
Real Return
Years 11+(c)
Public Equity 50.0% 4.80% 5.98%
Fixed Income 28.0% 1.00% 2.62%
Inflation Assets 0.0% 0.77% 1.81%
Private Equity 8.0% 6.30% 7.23%
Real Assets 13.0% 3.75% 4.93%
Liquidity 1.0% 0.00% -0.92%
Total 100.0%
(a) In the CalPERS Annual Comprehensive Financial Report, Fixed Income is included in Global Debt Securities; Liquidity is included in Short-term Investments; Inflation Assets are included in both Global Equity Securities and Global Debt Securities.
(b) An expected inflation of 2.0% used for this period. (c) An expected inflation of 2.92% used for this period. 106
298
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 12 – DEFINED BENEFIT PENSION PLANS (Continued)
Reduction of CalPERS Discount Rate - On July 12, 2021, CalPERS repo rted a preliminary 21.3% net return on investments for fiscal year 2020-21. Ba sed on the thresholds spec ified in CalPERS Funding Risk Mitigation policy approved by the CalPERS Boar d in 2015, the excess return of 14.3% prescribes a reduction in investment volatility that corresponds to a reduction in th e discount rate used for funding purposes of 0.20%, from 7.00% to 6.80%. Since CalP ERS was in the final stages of the four-year Asset Liability Management (ALM) cycle, the CalPERS Bo ard elected to defer any changes to the asset allocation until the ALM process concluded, and the board could make its final decision on the asset allocation in November 2021.

On November 17, 2021, the board ad opted a new strategic asset alloca tion. The new asset allocation along with the new capital market assumptions, economic assumptions and administrative expense assumption support a discount rate of 6.90% (net of investment expense, but without a reduction for administrative expense) for financial reporting purposes. This includes a reduction in the price inflation assumption from 2.50% to 2.30% as recommended in the November 2021 CalPERS Experience Study and Review of Actuarial Assumptions. This study also recommended modifications to retirement rates, termination rates, mortality rates and rates of salary increases that were adopted by the CalPERS Board. These new assumptions will be reflected in the CalPERS GASB 68 accounting valuation reports for the June 30, 2022, measurement date.

Pension Plan Fiduciary Net Position – Detailed information about ea ch pension plan’s fiduciary net position is available in the separately issued CalPERS financial reports.

E. Contra Costa County Employees’ Retirement Association Between July 1, 1973 and June 30, 2001, the City provided retirement benefits to its employee groups by contracting with the Contra Costa County Employees' Retirement Association (CCCERA). The City of Pittsburg converted to the CalPERS retirement syst em effective July 1, 2001 and entered into a Termination Withdrawal Agreement with CCCERA th at resulted in the following consequences:

CCCERA retained the obligation to provide future benefits to the City's past retirees and vested members that had left the City's employment prior to July 1, 2001.

The City would provide CalPERS retirement benefits for its then current and future employees. The Termination Withdrawal Agreement stated that as of June 30, 2001, the City accrued liability and allocated assets was determined at $31,483,218. The Termination Withdrawal Agreement also stated that due to market fluctuation and the uncertainty with
other actuarial assumptions, the unfunded accrued
liability will be recomputed every three years as CCCERA’s triennial experience studies are completed. In addition, CCCERA is required to an nually submit to the City a cash accounting update of the City of Pittsburg Bookkeeping Asset Account. If the ratio of the balance of the City's Bookkeeping Asset Account to its triennial updated termination unfunded liabi lity is below 95% or ex ceeds 105%, the resulting obligation (if not paid in full) or surplus, will be amortized as a le vel amount over 15 years at a 7.75% annual interest rate.
107
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City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 12 – DEFINED BENEFIT PENSION PLANS (Continued)
In January 2006, the City received correspondence from CCCERA indicating that the City had an updated unfunded liability of $11,902,898 that had been re-determined as of December 31, 2003. In June 2006, the City issued Pension Obligation bonds for a total amount of $39,566, 055; upon completion of this transaction the City utilized these bond proceeds to prepay the unfunded liability owed to CCCERA which amounted to $12,700,000 as of June 30, 2006. The balance of bond funds in the amount of $25,977,758 was used to prepay the City's unfunded accrued liability for both the miscellaneous and safety plans to CalPERS.

Almost a year later the City received a letter from CCCERA dated August 23, 2007, providing the December 31, 2006 withdrawal liability update. In summary, the update reported the funding ratio of the present value of benefits ($47.9 million) to allocated market assets ($45.4 million) as 94.8%. The August 23, 2007 letter stated that since this ratio is below 95% this triggers a lump sum payment as of December 31, 2006 for $2,505,433 plus interest at the rate of 7.8% to date of payment or an annual payment of $289,144 to be amortized over 15 years starting with the first payment due on December 31, 2007.

In December of 2010, CCCERA sent a letter to the City regarding the triennial update of the City of Pittsburg's withdrawal liability as of December 31, 2009. The City of Pittsburg's unfunded termination liability of $15,877,533 was calculated by The Segal Company, which would result in an annual payment of $1,826,746 or approximately $1.5 million more than CCCERA’s previous 2006 calculated annual payment of $289,144. In response to CCCERA’s December 2010 calculated triennial update of the City's withdrawal liability, the City worked with CCCERA to amend the City's Termination Agreement to (1) allow the calculation to be prepared on an Actuarial rather than Market value of assets basis, and (2) create an 18-month lag between the valuation date an d the date the contributi on is due which lowered the December 31, 2009 unfunded obligation from $15.9 million to $9.9 million.

In addition, the City borrowed $3.8 million from th e City’s Water Fund balance at the LAIF annual interest rate to repay a portion of the City’s CCCERA unfunded liability and used $1,980,096 of various fund balances to help reduce the City’s CCCERA unfunded liability. Thus, through fiscal year 2013-2014, the City reduced its CCCERA unfunded liability by $5,780,096 leaving $4.1 million to be repaid over 15 years at the 7.75% annual interest rate.

In December of 2013, CCCERA sent a triennial update of the City of Pittsburg’s pension liability with CCCERA. The liability was increased to $11,312,353 resulting in 14 annual payments of $1,306,656 at an interest rate of 7.25% per annum.

In December of 2015, CCCERA sent a triennial update of the City Of Pittsburg’s pension liability with CCCERA. The liability was decreased to $6,810,830 resulting in 15 annu al payments of $773,523 at an interest rate of 7.0% per annum.

In December of 2019, CCCERA sent a triennial update of the City of Pittsburg’s pension liability with CCCERA. The liability was decreased to $5,816,843 resulting in 15 annual payments of $660,633 with an interest rate of 7.0% per annum.
108
300
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 12 – DEFINED BENEFIT PENSION PLANS (Continued)

In December of 2021, CCCERA sent a triennial update of the City of Pittsburg’s pension liability with CCCERA. The liability was increased to $6,368,753 resulting in 15 annual payments of $711,103 with an interest rate of 7.0% per annum.

At June 30, 2022, the Net Pension Liability of this Plan was $6,368,753.

NOTE 13 – OTHER POST-EMPLOYMENT BENEFITS

Plan Description. The City of Pittsburg Retiree Healthcare Plan (Plan) is an agent-multiple employer defined benefit healthcare plan ad ministered by the City. The plan provides healthcare benefits to eligible retirees and their dependents. Benefit provisions are established and may be amended through agreements and memorandums of understanding between the City, its management employees, and unions representing City employees.

The City allows eligible retirees to continue in the City medical plans, currently Kaiser and Health Net.

The City contributes up to a percentage of the single or dual Kaiser Retiree premium based on years of City service. No dental, vision, or life insurance benefits are provided.

On December 24, 2013, the City established an agreement with the California Public Employees’ Retirement System (CalPERS) to set aside funds an d deposit into the California Employer’s Retiree Benefit Trust (CERBT) fund to accumulate, and distribute assets for the exclusive benefit of retirees and their beneficiaries. Plan assets are irrevocable and may not be used for any purpose other than funding post-retirement health care. The CERBT fund is an agent multiple employer plan and in order to ensure that the CERBT fund remains compliant wi th all reporting requirements, the CalPERS is responsible for publishing aggregate GASB 43 comp liance Financial Statements, Notes, and Required Supplementary Information (RSI). The inform ation may be found on CalPERS website at www.calpers.ca.gov.

Funding Policy. There is no statutory requirement for th e City to prefund its OPEB obligation. The City has currently chosen to prefund OPEB. There are no employee contributions.

For fiscal year 2021-2022, the City reported $2,109 ,185 in contributions to the OPEB Plan, including $1,283,185 in premium payments for retirees, $426,000 for implied subsidies, $400,000 for contributions to the CERBT fund, and no reimbursements from the CERBT fund for premium payments for retirees.

The City allows retirees to particip ate in the same City medical plans (Kaiser and Health Net) as active employees. For the Kaiser medical plan, retiree pr emium rates are the same as the active employees.

Because this premium rate is a “blended” rate, reti ree premiums payments are lower than what they would pay if the retirees were in a standalone medical plan, resulting in an implied subsidy for retirees under GASB Statement 75.

109
301
City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 13 – OTHER POST-EMPLOYMENT BENEFITS (Continued)
Employees Covered by Benefit Terms. Membership in the plan consisted of the following at the measurement date of June 30, 2021:

Active employees 109
Inactive employees or beneficiaries currently
receiving benefit payments 162
Inactive employees entitled to but not yet
receiving benefit payments -
Total 271
Actuarial Methods and Assumptions. Projections of benefits for financial reporting purposes are based on the substantive plan (the plan as understood by the employer and the plan members) and include the types of benefits provided at th e time of each valuation and the historical pattern of sharing of benefit costs between the employer and plan memb ers to that point. The actuarial methods and assumptions used are consistent with the long-term perspective of the calculations.

In the June 30, 2021 actuarial valuation, the entry age normal actuarial cost method was used. The actuarial assumptions included a 6.75% investment rate of return (net of admi nistrative expenses), and a 2.50% general inflation assumption. Premiums were assumed to increase with a Non-Medicare medical cost increase rate of 6.50% for 2023 and grading down to 3.75% fo r 2076 and thereafter. The
Medicare premiums were assumed to increase at a rate of 4.60% and grading down to 3.75% for 2076 and thereafter. The initial UAAL was amortized as a level percentage of projected payrolls over a fixed 27-year period from June 30, 2013 and will be amor tized as a level dollar amortization over a 18 year period from June 30, 2022.

Net OPEB Liability. The City’s net OPEB liability was measured as of June 30, 2021 and the total OPEB liability used to calculate the net OPEB liability was determined by an actuarial valuation dated June 30, 2021, based on the actuarial methods and assumptions shown on the previous page.

The underlying mortality assumptions were based on the CalPERS 2000-2019 Ex perience Study and all other actuarial assumptions used in the June 30, 2021 valuation were based on the results of a June 30, 2017 actuarial experience study for the period July 1, 2018 through June 30, 2019. 110
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City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 13 – OTHER POST-EMPLOYMENT BENEFITS (Continued)

The long-term expected rate of return on OPEB plan investments was determined using a building-block method in which expected future real rates of retu rn (expected returns, net of OPEB plan investment expense and inflation) are developed for each major asset class. These ranges are combined to produce the long-term expected rate of return by weighting the expected future real rates of return by the target asset allocation percentage and by adding expected inflation. The target allocation and best estimates of arithmetic real rates of return for each major asset class are summarized in the following table:

Long-Term
Target Expected Real
Asset Class Allocation Rate of Return
Global Equity 59% 4.56%
Fixed Income 25% 0.78%
TIPS 5% -0.08%
Commodities 3% 1.22%
REITs 8% 4.06%
Total 100%
Assumed Long-Term Rate of Inflation 2.50%
Expected Long-Term Net Rate of Return 6.25%

Discount Rate – The discount rate used to measure the total OPEB liability was 6.25%. The projection of cash flows used to determine the discount rate assu med that City contributions will be made at rates equal to the actuarially determined contribution ra tes. Based on those assumptions, the OPEB plan’s fiduciary net position was projected to be availabl e to make all projected OPEB payments for current active and inactive employees and beneficiaries. Ther efore, the long-term expected rate of return on OPEB plan investments was applied to all periods of projected benefit payments to determine the total OPEB liability.

Changes in Net OPEB Liability. The changes in the net OPEB liability are shown in the following table:

Total OPEB Plan Fiduciary Net OPEB
Liability Net Position Liability/(Asset)
(a) (b) (a) - (b)
Balance at June 30, 2020 41,579,148$ 5,555,880$ 36,023,268$ Changes Recognized for the Measurement Period:

Service Cost 634,868 - 634,868 Interest on the total OPEB liability 2,794,547 - 2,794,547 Changes in benefit terms - - - Differences between expected and actual experience (5,776,939) - (5,776,939) Changes of assumptions 69,768 69,768
Contributions from the employer - 726,643 (726,643) Net investment income - 1,527,524 (1,527,524) Administrative expenses - (2,103) 2,103 Benefit payments (1,626,643) (1,626,643) - Net changes (3,904,399) 625,421 (4,529,820) Balance at June 30, 2021 (Measurement Date) 37,674,749$ 6,181,301$ 31,493,448$ Increase (Decrease)

111
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City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 13 – OTHER POST-EMPLOYMENT BENEFITS (Continued)
Detailed information about the OPEB pl an’s fiduciary net position is available in the separately issued plan financial report that may be obtained from CalPERS. The benefit paym ents and refunds include implied subsidy benefit payments in the amount of $426,000.

Sensitivity of the Net OPEB Liability to Changes in the Discount Rate and Healthcare Cost Trend Rates.

The following presents the net OPEB liability of the City, as well as what the City's net OPEB liability w o u l d b e i f i t w e r e c a l c u l a t e d u s i n g a d i s c o u n t r a t e t h a t i s 1 - p e r c e n t a g e - p o i n t l o w e r ( 5 . 2 5 % ) o r 1 - percentage-point higher (7.25%) than the current discount rate:

Net OPEB Liability/(Asset)
Discount Rate -1.0% Discount Rate Discount Rate +1.0%

5.25% 6.25% 7.25%
$35,996,959 $31,493,448 $27,723,990
The following presents the net OPEB liability of the City, as well as what the City's net OPEB liability would be if it were calculated using healthcare cost trend rates that are 1-percentage-point lower or 1- percentage-point higher than the current healthcare cost trend rates:

Net OPEB Liability/(Asset)
Healthcare Cost

1.0% Decrease Trend Rates 1.0% Increase
(6.25%/5.3% decreasing to

4.0%)
(7.25%/6.3% decreasing to

4.0%)
(8.25%/7.3% decreasing to

4.0%)
$27,309,775 $31,493,448 $36,568,258
OPEB Expense and Deferred Outflows/Inflows of Resources Related to OPEB. For the year ended June 30, 2022, the City recognized OPEB expense of $262,948. At June 30, 2022, the City reported deferred outflows and inflows of resources related to OPEB from the following sources:

Deferred Outflows Deferred Inflows
of Resources of Resources
measurement date 2,109,185$ -$
Changes in assumptions 50,388 (561,324)
Differences between expected and actual experience - (4,680,308) Net differences between projected and actual earnings on plan investments - (823,761)
Total 2,159,573$ (6,065,393)$
Employer contributions made subsequent to the
112
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City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 13 – OTHER POST-EMPLOYMENT BENEFITS (Continued)
$2,109,185 reported as deferred outflows of resour ces related to contributions subsequent to the measurement date will be recognized as a reduction of the OPEB liability in the year ended June 30, 2023.

Other amounts reported as deferred outflows of reso urces and deferred inflows of resources related to OPEB will be recognized as part of OPEB expense as follows:

Year Annual
Ended June 30, Amortization
2023 (2,692,235)$
2024 (1,944,005)
2025 (1,148,252)
2026 (230,513)
Total (6,015,005)$
NOTE 14 – COMMITMENTS AND CONTINGENCIES
A. Grants from Other Governments
The City participates in a number of Federal, State, and County programs that are fully or partially funded by grants received from other governmental units. Expenditures financed by grants are subject to audit by the appropriate grantor government. If expenditures are disallowed due to noncompliance with grantor program regulations, the City may be required to reimburse the grantor government. As of June 30, 2022, some amounts of grant expenditures have not been audited, but the City believes that disallowed expenditures, if any, based on subseque nt audits will not have a material effect on any individual governmental funds or the ove
rall financial condition of the City.

B. Litigation
The City is a defendant in a number of lawsuits which have arisen in the normal course of business.

While substantial damages are alleged in some of these actions, their outcome cannot be predicted with certainty.
113
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City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022

NOTE 14 – COMMITMENTS AND CONTINGENCIES (Continued)

C. Construction Commitments

As of June 30, 2022, the City has construction comm itments to various capital projects as shown in the table below:

Project Amount
BART Pedestrian & Bicycle Connectivity 4,595,005$
James Donlan Extension Project 3,854,820
Reviving the Heart of Pittsburg Pride 3,305,099
Citywide Roadway Improvements 2,965,700
Main W Leland (WTP to SW Hills) 2,550,000
2014-15 CCTV/Inspection/Sewer Replacement 2,227,487
2021-2022 Sewer Replacement Project 2,187,311
WTP Disinfection Modification and Conversion 1,881,188
2020-21 Water Main Installation/Replacement 1,396,374
Traffic Signal Improvements 1,093,474
STP/OBAG II Pavement Improvement 1,040,035
Brownfields Multi-Purpose Cooperative Agreement 750,794 Patch Paving, Sealing & Striping 739,711
W-109 Water System Reliability Project 641,845
Delta View Sports Field 570,826
Boat Launching Facility Imp 560,327
Police Evidence & Intake Room Improvements 490,267
Council Chamber Broadcast System 486,220
FY20-21 Pavement Mgmt & Street Improvement 436,051
WTP Reservoir Control Panel 427,301
PK-42 Oak Hills Restroom 419,083
2020-06 Central Ave Waterline Replacement 416,635
ST-11 HSIP 10-Crestview Dr Pavement Improvement 416,405 California Theater Marquee & Below Stage 400,000
Biennial Restroom Replacement/Rehabilitation 383,623
Waterfront Area Reliability 354,445
Police Dept Security Fence 350,000
IE Facility Relocation Project 350,000
Biennial Playfield Replacement 346,226
Kirker Pass Road Surface Treatment 325,000
Citywide Storm Drain Improvements (2009-01) 310,290
Downtown Ice Rink 280,717
Automatic Water Meter Reading System 269,280
Regional LPR/Camera Project 268,465
PP-15 Station F Reconstruction 261,890
W-10 Highlands Ranch Reservoir Recoating 250,000
City Park Soccer Field Turf Replacement 235,320
16/17 WTP Sludge Removal 232,724
Stoneman Avenue Intersection Improvements 232,690
Bodega Court Water System Loop Project 230,135
(cont.)
114
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City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 14 – COMMITMENTS AND CONTINGENCIES (Continued)
Water Treatment Plant Sludge Handling Facility 152,665
Measure M-Rubberized Cape Seal 150,000
West Leland Street Lighting 145,752
Annual Park and Landscaping Improvements 141,784
CA Theater Balcony & Seating Reno 135,566
Highway 4 Trunk Line Relief (2007-09) 133,113
Sewer Master Plan Update 129,165
Duct Bank and Vault Replacements 124,069
Measure M-Road Maint Preparation 123,829
Annual Playground Replacement 119,927
Boat Launch Ramp Infrastructure Upgrade 112,771
California Theatre - Phase I 108,358
Citywide Fence and Soundwall Repairs 105,628
Measure M-Recreation Youth 104,678
Other Construction 1,992,413
Total Construction Commitments 42,312,481$
115
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City of Pittsburg

NOTES TO BASIC FINANCIAL STATEMENTS
For the Year Ended June 30, 2022
NOTE 14 – COMMITMENTS AND CONTINGENCIES (Continued)
D. Sales Tax Participation Agreements
The City negotiates sales tax participation agreem ents on an individual basis. The City has the following sales tax participation agreements with three entities as of June 30, 2022:

Entity Tax Abated
Gross Dollar
Amount of
Abatement
in Fiscal
Year 2022 Commitments made
Contra Costa County i) 50% of Sales Tax Revenue from
annexation area; ii) 100% PG&E
Franchise Fee to City in the Annexation
Area
49,046$ Upon annexation of the
northwest inclusion Mirant
Power Plant, the City would
receive an increased share of
the County's property tax
revenue of 50% of all sales and
use tax revenues from the
Annexation Area
Private Company (Confidential)* 25% of Sales Tax Revenue of the parcel not to exceed $1,850,000 over 10 years
from 10/15/2012 through 10/14/2022
80,396 Relocation of business
Contra Costa County $150,000 to County if Sales Tax Revenues that the City receives from the
annexation area is greater than
$250,000/year. If Sales Tax Revenue is
less than $250,000, then the amount to be
transferred to the County shall be
reduced by the amount the sales revenue
that fell short of $250,000
150,000 None
*Pursuant to the Sales and Use Tax law (chapter 8 – Article 1 – section 7056), in order to protect the confidential information of sales taxes colle cted and abatements provided to each of the specific agencies, the City has presented the aggr
egate amount abated during the current fiscal
year for this entity.
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City of Pittsburg