NOTICE IS HEREBY GIVEN that the City of San Marino encourages residents to apply for positions on City Commissions, Committees and Boards that will have vacancies in the year 2027.
Each member of a City commission shall serve at the pleasure of the City Council.
In compliance with the requirements of the Maddy Act, Government Code 54970, the following appointment list is posted on an annual basis by December 31st. It shows all current members of City advisory bodies appointed by the City Council and the dates of their terms of office at the time of this posting. Appointments listed below that are printed in red expire in 2027.
CITY TREASURER 4-year term (Term Limit: Two (2) consecutive terms.) Name Date of
Appointment
Present Term
(4-Year Term)
Term Being Served
(1st/2nd)
Clarice Dai 5/29/2026 6/1/2026-5/31/2030 1st
PLANNING COMMISSION 4-year term (Term Limit: Two (2) consecutive terms.) Meets 4th Wednesday of each month, City Hall Council Chamber, 2200 Huntington Drive, San Marino – 6:00 p.m.
The Planning Commission of the city consists of five members and two alternates.
Commissioners shall be charged with such duties and shall be granted such powers as are granted to municipal planning commissions under provision of the laws of the State of California and the San Marino Municipal Code. The Commission is designated as the “advisory agency” of the City as defined in Section 66415 of the Government Code.
Name Date of
Appointment
Present Term
(4-Year Term)
Term Being Served
(1st/2nd/Alternate)
Rick Chou 5/29/2026 6/1/2026-5/31/2030 1st
Kevin Cheng 8/21/2020 6/1/2024-5/31/2028 2nd
Mark Giles 5/29/2026 6/1/2026-5/31/2030 1st
Joyce Gatsoulis-Batnij 5/31/2024 6/1/2024-5/31/2028 1st Sharon Mequet 5/31/2024 6/1/2024-5/31/2028 1st
Jeff Boozell (alternate) 5/29/2026 6/1/2026-5/31/2030 Alternate Brett Leitner (alternate) 5/31/2024 6/1/2024-5/31/2028 Alternate Staff Liaison: Isidro Figueroa, Community Development Director Council Liaisons: Gretchen Shepherd Romey-Delegate; Tony Chou-Alternate
PUBLIC NOTICE
CITY OF SAN MARINO
COMMISSIONS, COMMITTEES AND BOARDS
LOCAL APPOINTMENTS LIST
PURSUANT TO CALIFORNIA GOVERNMENT CODE SECTION 54972
PAGE 655 of 671
DESIGN REVIEW COMMITTEE 2-year term (Term Limit: Four (4) consecutive terms.) Meets 1st and 3rd Wednesday of each month, City Hall Council Chambers, 2200 Huntington Drive, San Marino – 6:00 p.m.
The Design Review Committee of the City consists of five members and two alternates. Members of the Design Review Committee shall be charged with the review of additions or alterations to existing residential or commercial structures as set forth in the San Marino Municipal Code.
Name Date of
Appointment
Present Term
(2-Year Term)
Term Being Served
(1st/2nd/3rd/4th/Alternate)
Raymond Cheng 5/27/2020 6/1/2026-5/31/2028 4th
Jovanie Arias 5/29/2026 6/1/2025-5/31/2027 1st
Steven Jones 5/31/2024 6/1/2026-5/31/2028 2nd
Ted Lee 5/31/2024 6/1/2026-5/31/2028 2nd
Suzanne Torgeson 5/31/2025 6/1/2025-5/31/2027 1st
Ingrid Kolesk (alternate) 5/29/26 6/1/2026-5/31/2028 Alternate Gene Chen (alternate) 5/29/2026 6/1/2025-5/31/2027 Alternate Staff Liaison: Isidro Figueroa, Community Development Director Council Liaisons: Tony Chou-Delegate; Gretchen Shepherd Romey-Alternate LIBRARY BOARD OF TRUSTEES 3-year term (Term Limit: Two (2) consecutive terms.) Meets 4th Monday of each month, Crowell Public Library (Barth Room), 1890 Huntington Drive, San Marino – 8:00 a.m.
The Library Board of Trustees of the City consists of five members and two alternates. The Board shall have such duties and responsibilities as may be established pursuant to sections 18900 through 18965 of the State Education Code. Members shall advise and inform the City Council on matters pertaining to the programs and materials provided by the library and advise the City Manager on budgetary matters.
Name Date of
Appointment
Present Term
(3-Year Term)
Term Being Served
(1st/2nd/Alternate)
Genevieve Chien 10/13/2021 6/1/2024-5/31/2027 2nd
Marilyn Peck 5/29/2026 6/1/2026-5/31/2029 1st
Diana Milkie Nixon 7/25/2025 6/1/2025-5/31/2028 1st
Vivi Wahl 5/27/2022 6/1/2024-5/31/2027 1st
Sandy Wu 7/25/2025 6/1/2025-5/31/2028 1st
Jody Nichols (alternate) 7/25/2025 6/1/2026-5/31/2029 Alternate Susan Boegh (alternate) 5/29/2026 6/1/2026-5/31/2029 Alternate Staff Liaison: Eddie Covarrubias, Community Services Director Council Liaisons: Hunter Chang-Delegate; John Chou-Alternate PAGE 656 of 671
RECREATION COMMISSION 4-year term (Term Limit: Two (2) consecutive terms.) Meets 2nd Monday of each month, Crowell Public Library (Barth Room), 1890 Huntington Drive, San Marino – 6:00 p.m.
The Recreation Commission of the City consists of five members. Commissioners shall advise and inform the City Council on matters pertaining to public recreation programs.
Name Date of
Appointment
Present Term
(4-Year Term)
Term Being Served
(1st/2nd)
Victor Chang 11/13/2024 6/1/2024-5/31/2028 1st
David Raichlen 11/13/2024 6/1/2024-5/31/2028 1st
Tammie Ton 11/13/2024 6/1/2024-5/31/2028 1st
Louie Pascua 5/29/2026 6/1/2026-5/31/2030 1st
Stanley Wu 7/29/2022 6/1/2026-5/31/2030 2nd
Staff Liaison: Eddie Covarrubias, Interim Community Services Director Council Liaisons: John Chou-Delegate; Calvin Lo-Alternate PUBLIC SAFETY COMMISSION 4-year term (Term Limit: Two (2) consecutive terms.) Meets 3rd Monday of each month, Crowell Public Library (Barth Room), 1890 Huntington Drive, San Marino – 6:00 p.m.
The Public Safety Commission of the City consists of five members. The Commission shall act as an advisory body to the City Council with respect to public safety, including understanding police and fire operations, crime prevention, emergency preparedness, traffic and transportation and any other matters which may be assigned to it from time to time by the City Council and shall make investigations and recommendations as to such matters directly to the City Council in an advisory capacity.
Name Date of
Appointment
Present Term
(4-Year Term)
Term Being
Served
(1st/2nd)
Timothy Kolesk 5/29/2026 6/1/2026-5/31/2030 1st
Brian Davis 12/11/2024 6/1/2026-5/31/2030 2nd
Steve Domier 5/29/2026 6/1/2026-5/31/2030 1st
Eliot Hodges 5/31/2024 6/1/2024-5/31/2028 1st
Charles Martinson 5/27/2022 6/1/2024-5/31/2028 2nd
Staff Liaison: John Incontro, Police Chief; Mario Rueda, Fire Chief; Amber Shah, Parks & Public Works Director
Council Liaisons: Hunter Chang-Delegate; Gretchen Shepherd Romey-Alternate GREATER LOS ANGELES COUNTY VECTOR CONTROL DISTRICT (2/4-year term with a no term limits)
Meets 2nd Friday, 1145 N. Azusa Canyon Road, West Covina – 7:00 a.m.
The Greater Los Angeles County Vector Control District representative of the city shall consist of one member. Member shall serve a two or four year term. Member of the Greater Los Angeles County Vector Control District must be a registered voter and resident of the City of PAGE 657 of 671
San Marino and shall exercise their independent judgment on behalf of the interests of the residents, property owners, and the public.
Name Date of
Appointment
Present Term
(2 or 4-Year Term)
Term Being
Served
(No Term Limits)
Howard Brody 12/13/2023 1/1/2024 - 1/1/2028 2nd, No Term Limits I, Alison Walker, City Clerk of the City of San Marino, do hereby certify, under penalty of perjury under the laws of the State of California; that the foregoing Commissions Local Appointments List was prepared pursuant to provisions of Government Code Section 54972 and was posted at City Hall on June 1, 2026. Further, that a copy of this list was provided to the Crowell Public Library, 1890 Huntington Drive, San Marino, California 91108.
Dated this 1st day of June 2026.
Alison Walker
City Clerk
City of San Marino
Posted: June 1, 2026
PAGE 658 of 671
TO: Mayor and City Council
FROM: Philippe Eskandar, City Manager
BY: Hillary Guirola-Leon, Finance Director
DATE: May 29, 2026
SUBJECT: CASH AND INVESTMENT REPORT FOR THE MONTH OF
APRIL 2026
STRATEGIC PLAN CRITICAL SUCCESS FACTORS
Efficient, Responsive, and Effective City Services
Fiscally Responsible and Transparent City Government
BACKGROUND
The City of San Marino’s Investment Policy adopted by the City Council on April 10, 2024, Section 16.0, Reporting, stipulates that the Treasurer shall review and render monthly reports to the City Council of all cash and investments held by the City. The report shall include the following information for all cash accounts and bank deposits:
• Balance at the end of the month
• Interest rate (for all interest-bearing active deposits) The report shall include the following information for all investments:
• A listing of individual securities held at the end of the month, by security type;
• Issuer, date of maturity, date of purchase, par and the dollar amount invested;
• Coupon, discount or earnings rate; and
Tony Chou, Mayor
Calvin Lo, Vice Mayor
Hunter Chang, Council Member
John Chou, Council Member
Gretchen Shepherd Romey, Council Member
PAGE 659 of 671
• Current market value as of the date of the report and the source of this same valuation; and
• The weighted average maturity and weighted average yield of all investments combined.
The above information may be submitted in the form of copies of statements received by the custodial institution. For investments with LAIF, the most recent statement or statements received from the State Treasurer may be included in the monthly report in lieu of the information noted above. The report shall include a listing of all investment transactions for the month (Government Code Section 53607). The report must also include a statement of compliance of the portfolio to the statement of investment policy, or manner in which the portfolio is not in compliance, as well as a statement denoting the ability of the local agency to meet its expenditure requirements for the next six months, or an explanation as to why sufficient money shall, or may, not be available (Government Code Section 53646). Reports shall be rendered to the City Council and City Manager within 30 days following the end of the month of the period covered by the report.
DISCUSSION
PORTFOLIO SUMMARY
The City maintains petty cash on City facilities, cash in bank, cash in a transactional investment account, deposits with the Local Agency Investment Fund (LAIF), two Section 115 Trusts, investments in negotiable Certificates of Deposit, investments in Municipal Securities, and investments in U.S.
Government Agency Securities. All items are detailed in the attachment to this report. A summary of portfolio content is found below. The attachment to this report offers specific detail on each category of investment.
PAGE 660 of 671
PORTFOLIO PERFORMANCE
As of 4/30/26, the annual percentage yield earned on the bank IMMA is
2.78%. The effective yield for LAIF deposits is 3.811%. The average yield on CDs is 2.99%. The average yield on US Government Agency Securities is
2.86%. Total combined portfolio yield for April 2026 is 3.12%.
Allocation
Petty Cash on City Premises 1,397$ 0%
Cash in Bank-checking accounts 4,466,509 12%
Cash in Bank-IMMA 16,579,225 44%
CERBT Section 115 Trust 900,000 2%
CEPPT Section 115 Trust 1,500,000 4%
Deposits with LAIF 9,419,850 25%
Certificates of Deposit 3,450,000 9%
Treasury Obligations - 0%
US Government Agency Securities 1,250,000 3%
Municipal Securities - 0%
Cash and Investments 37,566,980$ 100%
Cash and Investments Portfolio Summary
City of San Marino
PAGE 661 of 671
FISCAL IMPACT & PROCUREMENT REVIEW
There is no fiscal impact and procurement review is not applicable.
LEGAL REVIEW
The City Attorney's office has reviewed and approved as to form.
RECOMMENDATION
Staff recommends the Council receive and file this report. If the City Council concurs with staff’s recommendation, an appropriate motion would be:
“I move to receive and file the Cash and Investment Report for the Month of April 2026.”
ATTACHMENTS
1. Treasurer’s Report as of April 30,2026
2024 2025 2026
Jan $39,122,223 $38,498,486 $32,900,183
Feb $38,930,344 $37,958,423 $33,247,398
Mar $37,428,779 $32,575,434 $30,984,162
Apr $42,745,381 $36,992,117 $37,566,980
May $45,009,003 $38,813,591
Jun $43,336,679 $36,874,092
Jul $36,943,792 $29,078,254
Aug $35,154,415 $27,945,761
Sep $34,014,793 $26,345,855
Oct $31,862,773 $24,401,895
Nov $30,699,222 $23,558,742
Dec $38,226,238 $30,560,577
Total Cash and Investments
PAGE 662 of 671
Maturity Par Bank Market
Deposit/Investment Type Bank/Issuer Date Value Balance Value Rate Cash on PremisesPetty Cash & Cash Drawer City Hall 522.77 522.77 522.77 Petty Cash Fire Department 300.00 300.00 300.00
Petty Cash & Cash Drawer Recreation Department 100.00 100.00 100.00 Petty Cash & Cash Drawer Library 324.20 324.20 324.20
Petty Cash & Cash Drawer Lacy Park 150.00 150.00 150.00 Petty Cash Police Department - - -
1,397 1,397 1,397
Cash in Bank-checking accountsInvestment Transaction Interest Account BMO Bank 205-XXX-X 5,321 5,321 5,321General Operating East West Bank-00-811xx753 4,461,188 4,461,188 4,461,188Payroll (ZBA) East West Bank-00-811xx761 - - -Worker's Compensation (ZBA) East West Bank-00-811xx779 - - -Sub total 4,466,509 4,466,509 4,466,509Cash in Bank-money market accountMoney Market East West Bank-00-811xx787 16,579,225 16,579,225 16,579,225 2.78% Total Cash in Bank 21,045,734 21,045,734 21,045,734
Maturity Par Book Market
Deposit/Investment Type Bank/Issuer Date Value Value Value Rate InvestmentsPooled Funds California Employers' Retiree Benefit Trust (CERBT) 900,000 900,000 1,136,267Pooled Funds California Employers' Pension Prefunding Trust (CEPPT) 1,500,000 1,500,000 1,829,367Pooled Funds State of California Local Agency Investment Fund (LAIF) 9,419,850 9,419,850 9,419,669 3.811%BMO Bank Safekeeping Goldman Sachs Bank USA CUSIP #38149MWH2 (FDIC #33124) 05/19/26 249,000 249,000 248,617 0.90%BMO Bank Safekeeping Bank of America NA CUSIP #06051XEG3 06/08/26 245,000 245,000 245,311 5.05%BMO Bank Safekeeping UBS Bank USA CUSIP #90348JM72 (FDIC #57565) 06/16/26 250,000 250,000 249,055 0.85% BMO Bank Safekeeping Toyota Financial SGS BK CUSIP #89235MLC3 (FDIC #57542) 07/15/26 248,000 248,000 246,507 0.95% BMO Bank Safekeeping Bank Hapoalim B. M. CUSIP #06251A2Y5 (FDIC #33686) 07/23/26 248,000 248,000 246,351 0.95%BMO Bank Safekeeping Synchrony Bank CUSIP #87164WA24 08/13/26 248,000 248,000 245,904 0.90%BMO Bank Safekeeping State Bank of India CUSIP #856285XL0 (FDIC #33682) 09/28/26 248,000 248,000 245,203 1.15%BMO Bank Safekeeping Citibank NA CUSIP #17312Q4A4 (FDIC #7213) 09/29/26 243,000 243,000 244,108 5.10%BMO Bank Safekeeping Morgan Stanley Bank NA CUSIP #61773TDG5 (FDIC #32992) 04/20/27 246,000 246,000 243,316 2.75%BMO Bank Safekeeping Popular BK New York BRH IN CUSIP#73317ADB5 06/07/27 245,000 245,000 247,433 4.80%BMO Bank Safekeeping Morgan Stanley Private BK NATL CUSIP#61768E4S9 06/07/27 245,000 245,000 247,678 4.90%BMO Bank Safekeeping Medallion BK Utah CUSIP#58404DVG3 06/21/27 245,000 245,000 247,384 4.75%BMO Bank Safekeeping BNY Mellon NA INSTL CTF DEP CUSIP#05584CPT7 06/20/28 245,000 245,000 247,818 4.50%BMO Bank Safekeeping Sallie Mae Bank Murray Utah CD CUSIP#795451DK6 07/17/29 245,000 245,000 249,050 4.50% 3,450,000 3,450,000 3,453,734 2.99%
Treasury ObligationsNone None - - - 0.00%US Government Agency SecuritiesBMO Bank Safekeeping Federal Farm Credit Bank CUSIP #3133EMH21 06/15/26 250,000 250,000 249,115 0.900% BMO Bank Safekeeping Federal Farm Credit Bank CUSIP #3133ENHC7 12/14/26 500,000 500,000 493,315 1.600% BMO Bank Safekeeping Federal Home Loan Bank CUSIP #3130B1L70 05/26/28 500,000 500,000 499,990 5.100% City of San Marino
As of April 30, 2026
Treasurer's Report
PAGE 663 of 671
Maturity Par Bank Market
City of San Marino
As of April 30, 2026
Treasurer's Report
1,250,000 1,250,000 1,242,420 2.860% 4,700,000 4,700,000 4,696,154 Total Cash & Investments 37,566,980 37,566,980 38,128,587 3.12% Hillary Guirola-Leon May 19, 2026
Hillary Guirola-Leon, Interim City TreasurerI hereby certify that this report is in compliance with the City’s Investment Policy as adopted by the City Council on April 10, 2024, and the source of market valuation is obtained from various bank statements, the monthly CERBT, CEPPT & LAIF statements and the investment safekeeping account statement with US Bank. The City has the ability to meet its expenditure requirements for the next six months.
PAGE 664 of 671
LAIF
Date Type of Transaction Amount Notes
4/28/2026 Transfer from Operating 20,000
4/30/2026 Transfer from Operating 3,000,000
East West Bank Money Market Account
Date Type of Transaction Amount Notes
4/2/2026 Transfer of maturity and interest from BMO 536,000 4/8/2026 Transfer to Operating to cover operating expenditures (700,000) 4/15/2026 Transfer to Operating to cover operating expenditures (500,000) 4/29/2026 Transfer to Operating to cover operating expenditures (400,000) 4/30/2026 Transfer to Operating To invest in LAIF (3,000,000) 4/20/2026 Transfer from Operating Property Taxes received 7,600,000 BMO Bank Safekeeping
Date Type of Transaction Amount Notes
4/1/2026 California ST GO Taxable CUSIP #13063DMA3 500,000 Security Matured 4/2/2026 Transfer of maturity and interest to Money Market (536,000) CalPERS CERBT Trust
Date Type of Transaction Amount Notes
No transactions this month
CalPERS CEPPT Trust
Date Type of Transaction Amount Notes
No transactions this month
PAGE 665 of 671
April 3.811
March 3.826
February 3.871
January 3.931
December 4.025
November 4.096
PMIA Average Life(1): 261
LAIF Fair Value Factor(1): 0.999980831
PMIA Daily(1): 3.82
PMIA Quarter to Date(1): 3.92
LAIF Apportionment Rate(2): 3.98
LAIF Earnings Ratio(2): 0.00010906180047888
LAIF Administrative Cost(1)*: 0.24
Treasuries
56.86%
Agencies
21.79%
Certificates of
Deposit/Bank Notes
10.77%
Time
Deposits
3.31%
Commercial
Paper
6.52%
Corporate
Bonds
0.59%
Loans
0.16%
Notes: The apportionment rate includes interest earned on the CalPERS Supplemental Pension Payment pursuant to Government Code 20825 (c)(1) .
*The percentage of administrative cost equals the total administrative cost divided by the quarterly interest earnings. The law provides that administrative costs are not to exceed 5% of quarterly EARNINGS of the fund. However, if the 13-week Daily Treasury Bill Rate on the last day of the fiscal year is below 1%, then administrative costs shall not exceed 8% of quarterly EARNINGS of the fund for the subsequent fiscal year.
Source:
(1) State of California, Office of the Treasurer
(2) State of California, Office of the Controller
PMIA Average Monthly
Effective Yields(1)
PMIA/LAIF Performance Report
as of 05/06/26
Daily rates are now available here. View PMIA Daily Rates Quarterly Performance
Quarter Ended 03/31/26
Chart does not include $829,000.00 in mortgages, which equates to 0.001%. Percentages may not total 100% due to rounding.
Pooled Money Investment Account
Monthly Portfolio Composition (1)
03/31/26
$165.3 billion
PAGE 666 of 671
PAGE 667 of 671
PAGE 668 of 671
PAGE 669 of 671
Institution:
Weekly as of Date:
Signature Date
Name and Title
Weekly Call Report Certification
Local Agency Security Program
Two authorized officers are required to executed the Weekly Call Report pursuant to CCR§16005.1.1(a).
The authorized signers of East West Bank each declares, for himself or herself alone and not for the other: I hereby verify that I have personal knowledge of the matters set forth in the Weekly Call Report (as of 05/13/2026) submitted pursuant to GC§ 53663(b) and CCR§16005.4.2 to the best of my knowledge and belief, the information contained therein is true and correct.
Name and Title
Lily Li, VP- Assistant Treasury Operation Manager
East West Bank
5/13/2026
Signature Date
Mike Burdian, SVP-Director Treasury Middle Office
and Counterparty Risk Management
05/14/2026 05/14/2026
PAGE 670 of 671
Weekly Call Report
Local Agency Security Program
California Department of Financial Protection and Innovation Institution Name: East West Bank CID #: 194
Total
Mailing Address:
Weekly Report As of Date:
135 N Los Robles Ave, 8th Floor , Pasadena, CA 91101
5/13/2026 Submission Date: 5/14/2026
Pool #1 (x110%) Pool #2 (x150%) Pool #3 (x105%)
$ -
$ -
$ -
$ -
Less: CDAR Deposits: $ -
$ -
$ -
$ -
$ -
$ -
Total Deposits & Accrued Interest:
Less: Deposits Subject to Waivers:
Less: Interest:
Less: Uncollected Funds:
$ -
$ 734,770,327.14
$ -
$ -
$ 611,583,387.96
$ 1,439,342,824.11
$ 127,978,172.21
$ -
$ -
$ 611,583,387.96
$ 1,439,342,824.11
$ 127,978,172.21
Federal Home Loan Bank of San
Francisco
Minimum Collateral Required:
$ -
$ -
$ -
$ 699,781,263.94
$ 734,770,327.14
$ - $ 699,781,263.94
$ -
$ -
$ -
Less: Other (Specify on Line 17):
Total Secured Deposits:
$ 25,229,672.86
Agent of Depository:
SVP-Director Treasury Middle Office and Counterparty Risk Management VP- Assistant Treasury Operation Manager
Authorizer #1 Name:
Authorizer #2 Name:
Authorizer #1 Title:
Authorizer #2 Title:
Mike Burdian
Lily Li
6267686949
[email protected]
Description of Other Deposits:
$ 760,000,000.00
Excess/Deficiency in Pledged Collateral: $ 25,229,672.86 Preparer Name:
Preparer Title:
Preparer Phone #:
Preparer Email Address:
Shan Xu
Treasury Analyst II
Market Value of Pledged Securities as of
Weekly Report Date: $ -
$ -
$ -
$ -
$ 760,000,000.00
PAGE 671 of 671