Cities Index.
Agenda packet

City Council and Authorities Concurrent
October 24, 2023

Document
Agenda packet
Meeting
October 24, 2023
Body
City Council and Authorities Concurrent
Pages
30
Original file
64.3 MB
Text extracted from the city's file for reading and search. Open the original on santaclara.legistar.com. That file is the official record.

SERVICE INC
00542562 176794 PARTS - V3464 & SHIPPING Fleet Operation Fund 109.36 Total for Payment No.: 109.36
Payment No: 714133
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-08-25 CRIME SCENE CLEANERS INC 00541533 87474 clean vehicle 3532 General Fund 108.00 Total for Payment No.: 108.00
Payment No: 027376
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-08 BELL ELECTRICAL SUPPLY, INC. 00542129 5772840 PD FORENSICS LAB General Fund 105.43 Total for Payment No.: 105.43

Payment No: 714100
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-08-25 KYLE CARDIN 00540893 27666AUG2023 AOT INSTRUCTOR LUNCH General Fund 105.14 Total for Payment No.: 105.14
Payment No: 714108
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-08-25 TESS POWELL 00541663 PRCK#102458 REPLACEMENT OF STALEDATED CK
Payroll
Liability&ClearingAcct
105.07
Total for Payment No.: 105.07
Payment No: 714089
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-08-18 YEONJUNG MAPLES 00540914 39634AUG2023 Reimburse for LiveScan service General Fund 104.00 Total for Payment No.: 104.00
Payment No: 714599
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 SANTA CLARA CO DEPT OF

CORRECTIONS
00542252 1800086889 PLAQUE/RETIREMENT NAME General Fund 103.91 Total for Payment No.: 103.91
Payment No: 714404
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-07 TURF & INDUSTRIAL EQUIPMENT
CO
00542096 IV47513 PARTS - V#3256 Fleet Operation Fund 100.00 Total for Payment No.: 100.00
Payment No: 714208
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-01 XIAOJING LI 00541668 39480AUG2023A Renewal for ICC Plan Examiner Building New Dvlpmnt Srvc Fee
100.00
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid Total for Payment No.: 100.00
Payment No: 714580
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 KM & D MACHINE INC 00542314 47876 PARTS - WO 152695, V3508 Fleet Operation Fund 98.21 Total for Payment No.: 98.21
Payment No: 714522
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 THOMAS PLEWMAN 00542926 32905-24 UTILITY
REFUND
UTILITY REFUND General Fund 98.00
Total for Payment No.: 98.00
Payment No: 714477
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 MAHDIZADEH, MOJGAN 00542888 83250-01 UTILITY REFUND
UTILITY REFUND General Fund 97.18
Total for Payment No.: 97.18
Payment No: 027337
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-01 LINDE GAS & EQUIPMENT INC. 00541768 37764576 IND HIGH PRESSURE < 100 > CF General Fund 71.33 2023-09-01 LINDE GAS & EQUIPMENT INC. 00541768 37764576 SAFETY & ENVIRONMENTAL SERV FE
General Fund 18.55
2023-09-01 LINDE GAS & EQUIPMENT INC. 00541768 37764576 CYL TRACKING SERVICE FEE General Fund 7.13 Total for Payment No.: 97.01
Payment No: 714639
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-22 SANTA CLARA CO SHERIFFS DEPT 00543339 09/03/23-09/16/23EJ WAGE ATTACHMENT B2319 Payroll 96.37 Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid Liability&ClearingAcct
Total for Payment No.: 96.37
Payment No: 714334
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-07 SANTA CLARA CO SHERIFFS DEPT 00542631 08/20/23-09/02/23EJ WAGE ATTACHMENT B2318 Payroll Liability&ClearingAcct

96.37 Total for Payment No.: 96.37
Payment No: 714117
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-08-25 SANTA CLARA CO SHERIFFS DEPT 00541908 08/06/23-08/19/23EJ WAGE ATTACHMENT B2317 Payroll Liability&ClearingAcct

96.37 Total for Payment No.: 96.37
Payment No: 714305
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-01 UNITED PARCEL SERVICE 00542336 00009882E5333A DELIVERY CHARGES-CITY CLERK General Fund 16.00 2023-09-01 UNITED PARCEL SERVICE 00542336 00009882E5333A DELIVERY CHARGES-FINANCE ADM
General Fund 60.91
2023-09-01 UNITED PARCEL SERVICE 00542336 00009882E5333A DELIVERY CHARGES-WATER & SEWER
Water Utility 17.67
Total for Payment No.: 94.58
Payment No: 714228
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-01 BOB MURRAY & ASSOCIATES 00542248 10139 REIMBURSABLE EXPENSES General Fund 93.75 Total for Payment No.: 93.75
Payment No: 027413
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-08 SUMMIT UNIFORMS 00541964 1534 patches ARPOC General Fund 91.88 Total for Payment No.: 91.88
Payment No: 714505
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 SEJLA AVDIC 00542968 58723-07 UTILITY
REFUND
UTILITY REFUND General Fund 90.87
Total for Payment No.: 90.87
Payment No: 714325
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-07 THE WELCH 1978 SURVIVORS
TRUST
00525990 48624-03 UTILITY
REFUND
UTILITY REFUND General Fund 88.14
Total for Payment No.: 88.14
Payment No: 714712
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-22 SANTA CLARA CO DEPT OF

CORRECTIONS
00542624 1800085535 RETIREMENT PLAQUE General Fund 87.50 Total for Payment No.: 87.50
Payment No: 027513
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-22 NI GOVERNMENT SERVICES 00542646 23082908551 monthly satellite radio fees General Fund 87.35 Total for Payment No.: 87.35
Payment No: 027300
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-08-25 NI GOVERNMENT SERVICES 00541034 23072908551 satellite fees for month General Fund 87.35 Total for Payment No.: 87.35
Payment No: 714209
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-01 HARSH SHUKLA 00530768 13856-27 UTILITY
REFUND
UTILITY REFUND General Fund 86.59
Total for Payment No.: 86.59
Payment No: 713981
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-08-18 ALICE GUO 00523358 38444SEP2022 PARKS DEPT REFUND General Fund 84.00 Total for Payment No.: 84.00
Payment No: 714736
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-22 VERIZON WIRELESS 00542526 9022330783 GPS Locate 2303060050 General Fund 80.00 Total for Payment No.: 80.00
Payment No: 714178
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-08-25 STATEWIDE SAFETY SYSTEMS 00541325 05041388 SUPPLIES-TRAFFIC General Fund 76.77 Total for Payment No.: 76.77
Payment No: 714390
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-07 PACIFIC TELEMANAGEMENT SVCS 00541805 2110575 POLICE DEPT PAY PHONE SEP 2023
Information Technology
Service

75.00 Total for Payment No.: 75.00
Payment No: 714121
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-08-25 ALHAMBRA & SIERRA SPRINGS 00541468 4973747 080423 WATER SERVICE - FLEET Fleet Operation Fund 71.87 Total for Payment No.: 71.87
Payment No: 714301
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-01 THE SOURCING GROUP, LLC 00541756 558486 Cult Commission Business Cards General Fund 70.93 Total for Payment No.: 70.93
Payment No: 714279
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-01 NATASHA AGRAWAL 00529306 48058-09 UTILITY
REFUND
UTILITY REFUND General Fund 70.89
Total for Payment No.: 70.89
Payment No: 714499
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 SALVADOR VILLEGAS

ECHEAGARAY
00542989 75449-08 UTILITY
REFUND
UTILITY REFUND General Fund 70.87
Total for Payment No.: 70.87
Payment No: 714358
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-07 00542585 57029 LEGAL SERVICES
Total for Payment No.: 70.00
Payment No: 714177
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-08-25 SPRAYTEC 00541323 18243 SUPPLIES-P&B General Fund 69.08 Total for Payment No.: 69.08
Payment No: 714459
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 JOHN CASANI 00542979 70739-20 UTILITY
REFUND
UTILITY REFUND General Fund 67.07
-
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid Total for Payment No.: 67.07
Payment No: 714081
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-08-18 UNITED PARCEL SERVICE 00541444 00009882E5313A DELIVERY CHARGES-CITY CLERK General Fund 16.00 2023-08-18 UNITED PARCEL SERVICE 00541444 00009882E5313A DELIVERY CHG-WATER & SWER Water Utility 50.09 Total for Payment No.: 66.09
Payment No: 714448
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 EUNWOO LEE 00542959 51843-04 UTILITY
REFUND
UTILITY REFUND General Fund 64.66
Total for Payment No.: 64.66
Payment No: 714454
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 HEMUL SHAH 00542916 22847-04 UTILITY
REFUND
UTILITY REFUND General Fund 64.62
Total for Payment No.: 64.62
Payment No: 714610
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 TEREX GLOBAL, GMBH 00542391 5004639040 PARTS - V2892 Fleet Operation Fund 61.79 Total for Payment No.: 61.79
Payment No: 714644
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-22 PG&E 00542709 0541963339-0 AUG2023 TS @ CALVERT/CALVERT General Fund 58.80 Total for Payment No.: 58.80
Payment No: 714433
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 ANDREW CLARE 00542996 78605-06 UTILITY
REFUND
UTILITY REFUND General Fund 58.55
Total for Payment No.: 58.55
Payment No: 714502
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 SARAH CARRANZA 00542977 70713-23 UTILITY
REFUND
UTILITY REFUND General Fund 58.06
Total for Payment No.: 58.06
Payment No: 714435
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 BALAJI HOLUR 00543007 82699-02 UTILITY
REFUND
UTILITY REFUND General Fund 57.22
Total for Payment No.: 57.22
Payment No: 714326
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-07 VALLEY MGMT GROUP 00525991 50872-08 UTILITY
REFUND
UTILITY REFUND General Fund 56.65
Total for Payment No.: 56.65
Payment No: 713974
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-08-18 PG&E 00541287 0541963339-0JUL2023 TS @ CALVERT/CALVERT General Fund 56.24 Total for Payment No.: 56.24
Payment No: 714267
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-01 KELLY-MOORE PAINT CO 00541619 816-00000185224 RUS V2190838 WHT FLAT 150OZ General Fund 15.81 Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-01 KELLY-MOORE PAINT CO 00541620 817-00000457532 3M DUCT TAPE, TRAY LINER General Fund 40.19 Total for Payment No.: 56.00
Payment No: 714461
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 JOHN JAMES 00543002 80376-04 UTILITY
REFUND
UTILITY REFUND General Fund 55.39
Total for Payment No.: 55.39
Payment No: 714699
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-22 MARILYNN HANAN FERGUSON 00543299 34249AUG2023 PARKS DEPT REFUND General Fund 27.00 2023-09-22 MARILYNN HANAN FERGUSON 00543300 34249AUG2023A PARKS DEPT REFUND General Fund 27.00 Total for Payment No.: 54.00
Payment No: 714467
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 KELLY COLBERT 00542980 70930-14 UTILITY
REFUND
UTILITY REFUND General Fund 53.44
Total for Payment No.: 53.44
Payment No: 714493
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 ROBERT MATSUZAKI 00542886 74008-01 UTILITY

REFUNDB
UTILITY REFUND General Fund 53.04
Total for Payment No.: 53.04
Payment No: 714057
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-08-18 SAN JOSE BMW 00540825 4386055 PARTS - V#3312 Fleet Operation Fund 50.29 Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid Total for Payment No.: 50.29
Payment No: 714621
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 VERIZON WIRELESS 00542293 9942779824 FIRE STADIUM WIRELESS General Fund 50.10 Total for Payment No.: 50.10
Payment No: 714246
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-01 GAO, HONG 00527852 36811-21 UTILITY
REFUND
UTILITY REFUND General Fund 50.10
Total for Payment No.: 50.10
Payment No: 714641
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-22 US TREASURY 00543338 09/03/23-09/16/23JO WAGE ATTACHMENT B2319 Payroll Liability&ClearingAcct

50.00 Total for Payment No.: 50.00
Payment No: 714714
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-22 SHAH, UTPAL 00527859 69299-07 UTILITY
REFUND
UTILITY REFUND General Fund 48.48
Total for Payment No.: 48.48
Payment No: 027394
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-08 GRAINGER-SAN JOSE 00542050 9803764886 PARTS - V#3308 Fleet Operation Fund 26.14 2023-09-08 GRAINGER-SAN JOSE 00542052 9807142055 PARTS - SHOP Fleet Operation Fund 20.68 Total for Payment No.: 46.82
Payment No: 714515
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 SUJIT ROKKA CHHETRI 00542956 48598-05 UTILITY REFUND
UTILITY REFUND General Fund 45.59
Total for Payment No.: 45.59
Payment No: 714512
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 SPENCER CLARK 00542913 20358-11 UTILITY
REFUND
UTILITY REFUND General Fund 45.54
Total for Payment No.: 45.54
Payment No: 714122
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-08-25 ARMAN MEDAR 00521045 34778-10 UTILITY
REFUND
UTILITY REFUND General Fund 45.14
Total for Payment No.: 45.14
Payment No: 714652
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-22 AMAZON CAPITAL SERVICES, INC. 00542776 11MV-L9MN-9J3V 1241 AD VG General Fund 43.64 Total for Payment No.: 43.64
Payment No: 714689
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-22 KALL8 00542523 E42516073123 Monthly Q card - July General Fund 21.04 2023-09-22 KALL8 00542524 E42516083123 Monthly Q Card - August General Fund 21.85 Total for Payment No.: 42.89
Payment No: 027226
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-08-18 LINDE GAS & EQUIPMENT INC. 00541213 37219325 SERVICE - SHOP Fleet Operation Fund 41.91 Total for Payment No.: 41.91
Payment No: 714501
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 SANTHOSH DURAISWAMY 00542973 68908-28 UTILITY REFUND
UTILITY REFUND General Fund 41.53
Total for Payment No.: 41.53
Payment No: 714379
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-07 JIAN XING LI 00533434 12723-19 UTILITY
REFUND
UTILITY REFUND General Fund 40.03
Total for Payment No.: 40.03
Payment No: 714631
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-22 SEAN MERRIGAN 00542714 39833SEP2023 LiveScan Reimbursement General Fund 40.00 Total for Payment No.: 40.00
Payment No: 714488
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 NHI LE 00543003 80597-05 UTILITY
REFUND
UTILITY REFUND General Fund 39.95
Total for Payment No.: 39.95
Payment No: 714431
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 ALIFIA HAIDRY 00542969 60471-08 UTILITY
REFUND
UTILITY REFUND General Fund 39.67
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid Total for Payment No.: 39.67
Payment No: 714436
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 BALASUBRAMANIAM SRINIVASAN 00542993 76854-08 UTILITY REFUND
UTILITY REFUND General Fund 37.87
Total for Payment No.: 37.87
Payment No: 714465
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 KATHRYN STAFFORD 00542984 73012-14 UTILITY
REFUND
UTILITY REFUND General Fund 32.20
Total for Payment No.: 32.20
Payment No: 714545
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 ANURAG GUPTA 00528941 38891DEC2022 PARKS DEPT REFUND General Fund 32.00 Total for Payment No.: 32.00
Payment No: 714472
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 LANXUAN ZHOU 00542994 77224-08 UTILITY
REFUND
UTILITY REFUND General Fund 31.54
Total for Payment No.: 31.54
Payment No: 714495
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 ROSE ANN RODRIGUES 00542957 48625-16 UTILITY REFUND
UTILITY REFUND General Fund 30.98
Total for Payment No.: 30.98
Payment No: 714463
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 JUN ZHANG 00542953 47828-06 UTILITY
REFUND
UTILITY REFUND General Fund 30.32
Total for Payment No.: 30.32
Payment No: 714434
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 ARNAV MANCHEPALLI 00542927 33496-32 UTILITY
REFUND
UTILITY REFUND General Fund 29.49
Total for Payment No.: 29.49
Payment No: 714339
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-07 PG&E 00541971 8978316890-2 AUG2023 2023 AUG 700 LOS ESTEROS FEE Sewer Utility 26.78 Total for Payment No.: 26.78
Payment No: 714220
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-01 ALMEIDA, REGINALDO 00542232 13974-19 Utility RefundsA Escheat Original CK 646831 General Fund 26.33 Total for Payment No.: 26.33
Payment No: 714239
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-01 CYNTHIA CARTER 00541647 39830AUG2023 Reimbursement for LiveScan ser General Fund 25.00 Total for Payment No.: 25.00
Payment No: 714482
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 MINGHAO YAN 00542992 76390-07 UTILITY
REFUND
UTILITY REFUND General Fund 24.80
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid Total for Payment No.: 24.80
Payment No: 714479
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 MASATO EGUCHI 00542942 45751-31 UTILITY
REFUND
UTILITY REFUND General Fund 23.79
Total for Payment No.: 23.79
Payment No: 714437
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 BENNY WONG 00542887 76224-01 UTILITY

REFUNDA
UTILITY REFUND General Fund 22.76
Total for Payment No.: 22.76
Payment No: 714322
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-07 ALYSSA MAE CATALAN 00527327 23358-25 UTILITY REFUND
UTILITY REFUND General Fund 22.67
Total for Payment No.: 22.67
Payment No: 714457
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 JIAWEI ZHOU 00542999 79566-04 UTILITY
REFUND
UTILITY REFUND General Fund 22.37
Total for Payment No.: 22.37
Payment No: 714450
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 FRANK ROSSO 00542925 32649-01 UTILITY
REFUND
UTILITY REFUND General Fund 21.41
Total for Payment No.: 21.41
Payment No: 714453
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 HEEROUNG MOON 00542943 46227-17 UTILITY
REFUND
UTILITY REFUND General Fund 20.60
Total for Payment No.: 20.60
Payment No: 714449
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 FAUSTINO ROJAS JOSE 00542915 22232-10 UTILITY REFUND
UTILITY REFUND General Fund 20.43
Total for Payment No.: 20.43
Payment No: 714514
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 SUEY-JU KAO 00542975 70146-07 UTILITY
REFUND
UTILITY REFUND General Fund 20.05
Total for Payment No.: 20.05
Payment No: 714360
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-07 DEE ALEXANDER 00542520 39834AUG2023 PARKS DEPT REFUND General Fund 20.00 Total for Payment No.: 20.00
Payment No: 714476
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 LYNN MARGHERITA 00542955 48409-18 UTILITY
REFUND
UTILITY REFUND General Fund 19.89
Total for Payment No.: 19.89
Payment No: 714525
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 TSUNG-YU LEE 00542971 65617-32 UTILITY UTILITY REFUND General Fund 19.79 Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid REFUND
Total for Payment No.: 19.79
Payment No: 027216
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-08-18 GEOTAB USA, INC 00541208 IN348905 SERVICE PLAN Solid Waste Program 19.75 Total for Payment No.: 19.75
Payment No: 714451
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 GAVIN WANG 00542949 47120-22 UTILITY
REFUND
UTILITY REFUND General Fund 19.62
Total for Payment No.: 19.62
Payment No: 714478
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 MANOJ ACHARYA 00542967 57772-16 UTILITY
REFUND
UTILITY REFUND General Fund 19.39
Total for Payment No.: 19.39
Payment No: 714528
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 VENKATA SANTOSH MANOJ KUMAR

SUREDDI
00542940 45690-19 UTILITY
REFUND
UTILITY REFUND General Fund 18.91
Total for Payment No.: 18.91
Payment No: 714530
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 WEIDI PAN 00543001 80158-07 UTILITY
REFUND
UTILITY REFUND General Fund 18.41
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid Total for Payment No.: 18.41
Payment No: 714466
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 KEENAN MAU 00542985 73202-19 UTILITY
REFUND
UTILITY REFUND General Fund 18.39
Total for Payment No.: 18.39
Payment No: 714485
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 NAMRATHA VENKATEHH PRASAD
LNU
00542986 73304-13 UTILITY
REFUND
UTILITY REFUND General Fund 17.50
Total for Payment No.: 17.50
Payment No: 714473
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 LEE, JESSICA 00543008 83296-02 UTILITY
REFUND
UTILITY REFUND General Fund 17.28
Total for Payment No.: 17.28
Payment No: 714460
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 JOHN FISCHER 00542964 57098-03 UTILITY
REFUND
UTILITY REFUND General Fund 17.24
Total for Payment No.: 17.24
Payment No: 714452
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 GREGORIO LOPEZ 00542947 47036-23 UTILITY
REFUND
UTILITY REFUND General Fund 16.62
Total for Payment No.: 16.62
Payment No: 714480
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 MAXWELL RADERMACHER 00542983 71612-06 UTILITY REFUND
UTILITY REFUND General Fund 16.60
Total for Payment No.: 16.60
Payment No: 714487
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 NAVNEET LINGALA 00542910 15993-17 UTILITY
REFUND
UTILITY REFUND General Fund 16.43
Total for Payment No.: 16.43
Payment No: 027525
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-22 SUMMIT UNIFORMS 00542642 2024 crossing guard name tag General Fund 16.41 Total for Payment No.: 16.41
Payment No: 714406
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-07 UNITED PARCEL SERVICE 00542597 00009882E5343A DELIVERY CHARGES General Fund 16.00 Total for Payment No.: 16.00
Payment No: 714198
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-08-25 UNITED PARCEL SERVICE 00541885 00009882E5323A DELIVERY CHARGES General Fund 16.00 Total for Payment No.: 16.00
Payment No: 714160
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-08-25 MURUGAN, SIDHAARTH 00520947 47306-21 Utility Refund UTILITY REFUND General Fund 15.74 Total for Payment No.: 15.74
Payment No: 714445
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 DOUG ANDREW CAMPBELL 00542933 36671-14 UTILITY REFUND
UTILITY REFUND General Fund 15.55
Total for Payment No.: 15.55
Payment No: 714494
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 ROBIN KALIA 00542924 31763-17 UTILITY
REFUND
UTILITY REFUND General Fund 15.51
Total for Payment No.: 15.51
Payment No: 714486
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 NAVEEN KUMAR SUJATHA 00542961 53684-15 UTILITY REFUND
UTILITY REFUND General Fund 15.30
Total for Payment No.: 15.30
Payment No: 714440
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 COLLEEN KERRISK 00542918 23516-19 UTILITY
REFUND
UTILITY REFUND General Fund 15.00
Total for Payment No.: 15.00
Payment No: 714521
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 TERESA TRISTAN 00542919 23704-05 UTILITY
REFUND
UTILITY REFUND General Fund 14.42
Total for Payment No.: 14.42
Payment No: 714516
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 SUNDARAMURTHY VAITHINATHAN 00542945 46585-24 UTILITY REFUND
UTILITY REFUND General Fund 14.41
Total for Payment No.: 14.41
Payment No: 714517
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 SURESH PRASAD GOSUKONDA 00542965 57129-12 UTILITY REFUND
UTILITY REFUND General Fund 13.98
Total for Payment No.: 13.98
Payment No: 714046
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-08-18 PINE CONE LUMBER CO 00541226 199086 RSTK12 - POINTED STAKE 1X2X12" General Fund 13.64 2023-08-18 PINE CONE LUMBER CO 00541226 199086 DISCOUNT paid before 9/10/23 General Fund -0.13 Total for Payment No.: 13.51
Payment No: 027479
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-22 BADGER METER INC 00542794 80137210 ORION CELLULAR SERVICE Water Utility 13.35 Total for Payment No.: 13.35
Payment No: 714520
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 TAYLOR BOJORQUEZ 00542931 35111-25 UTILITY
REFUND
UTILITY REFUND General Fund 13.27
Total for Payment No.: 13.27
Payment No: 714506
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 SENAIT G RAFAEL 00542938 44111-04 UTILITY UTILITY REFUND General Fund 12.82 Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid REFUND
Total for Payment No.: 12.82
Payment No: 714330
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-07 CA FRANCHISE TAX BOARD 00542628 08/20/23-09/02/23JO WAGE ATTACHMENT B2318 Payroll Liability&ClearingAcct

12.71 Total for Payment No.: 12.71
Payment No: 714508
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 SHEHROZE FAROOQI 00542952 47285-27 UTILITY
REFUND
UTILITY REFUND General Fund 12.59
Total for Payment No.: 12.59
Payment No: 714524
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 TSUNG-JUI HO 00542972 68863-16 UTILITY
REFUND
UTILITY REFUND General Fund 12.20
Total for Payment No.: 12.20
Payment No: 714511
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 SIYAO CHEN 00542951 47268-03 UTILITY
REFUND
UTILITY REFUND General Fund 11.89
Total for Payment No.: 11.89
Payment No: 714489
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 QINGWEI ZHANG 00542990 75676-11 UTILITY
REFUND
UTILITY REFUND General Fund 11.63
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid Total for Payment No.: 11.63
Payment No: 714442
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 DAICHI IMAI 00542937 43214-32 UTILITY
REFUND
UTILITY REFUND General Fund 11.29
Total for Payment No.: 11.29
Payment No: 714510
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 SHREYA SINGH 00542988 75418-09 UTILITY
REFUND
UTILITY REFUND General Fund 10.49
Total for Payment No.: 10.49
Payment No: 714491
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 RAVITEJA CHERUKURI 00542962 53740-19 UTILITY REFUND
UTILITY REFUND General Fund 10.48
Total for Payment No.: 10.48
Payment No: 714427
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 ADAM LAU 00542936 38137-17 UTILITY
REFUND
UTILITY REFUND General Fund 10.41
Total for Payment No.: 10.41
Payment No: 714500
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 SAMAN HENG 00542922 25732-15 UTILITY
REFUND
UTILITY REFUND General Fund 10.23
Total for Payment No.: 10.23
Payment No: 714504
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 SARBESH RATH 00542987 73358-23 UTILITY
REFUND
UTILITY REFUND General Fund 10.18
Total for Payment No.: 10.18
Payment No: 714469
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 KHAZAR ABDULLAZADE 00542939 44307-28 UTILITY

REFUNDA
UTILITY REFUND General Fund 9.88
Total for Payment No.: 9.88
Payment No: 714509
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 SHELDON TRAGISH 00543005 81852-02 UTILITY
REFUND
UTILITY REFUND General Fund 9.87
Total for Payment No.: 9.87
Payment No: 714497
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 RYAN HUVANE 00542948 47078-22 UTILITY
REFUND
UTILITY REFUND General Fund 9.40
Total for Payment No.: 9.40
Payment No: 714439
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 CHIRAG GOEL 00542974 68909-12 UTILITY
REFUND
UTILITY REFUND General Fund 9.16
Total for Payment No.: 9.16
Payment No: 714282
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-01 OSCAR TAYO 00542328 39737JUL2023A PARKS DEPT REFUND General Fund 9.00 Total for Payment No.: 9.00
Payment No: 714248
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-01 GILDA TAYO 00542327 39738JUL2023A PARKS DEPT REFUND General Fund 9.00 Total for Payment No.: 9.00
Payment No: 714529
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 VICTORIA FREMONT 00542934 36727-08 UTILITY
REFUND
UTILITY REFUND General Fund 8.97
Total for Payment No.: 8.97
Payment No: 714470
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 KLUVER, ALEXANDER 00542920 24598-24 UTILITY
REFUND
UTILITY REFUND General Fund 8.66
Total for Payment No.: 8.66
Payment No: 714447
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 ESTEFANIA MONTANO LEON 00543009 84219-03 UTILITY REFUND
UTILITY REFUND General Fund 8.62
Total for Payment No.: 8.62
Payment No: 714483
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 MOHAMMED ADDALLAH 00542946 46779-16 UTILITY
REFUND
UTILITY REFUND General Fund 8.36
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid Total for Payment No.: 8.36
Payment No: 714430
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 AKSHAY GUBBI MURUGAPPA 00542908 13523-17 UTILITY REFUND
UTILITY REFUND General Fund 7.89
Total for Payment No.: 7.89
Payment No: 714429
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 AKIF REHMAN 00543004 81848-02 UTILITY
REFUND
UTILITY REFUND General Fund 7.76
Total for Payment No.: 7.76
Payment No: 714103
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-08-25 MYRA FORMOSA 00541842 39827AUG2023 REFUND:OVERPAID INTEREST ON LO
H.U.D Capital Projects 7.64
Total for Payment No.: 7.64
Payment No: 714492
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 RIJEN SHONKA 00542941 45707-24 UTILITY
REFUND
UTILITY REFUND General Fund 7.53
Total for Payment No.: 7.53
Payment No: 714455
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 JACOB MADDING 00542995 77271-06 UTILITY
REFUND
UTILITY REFUND General Fund 7.32
Total for Payment No.: 7.32
Payment No: 714503
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 SARAH ELLERSICK 00542930 34038-20 UTILITY
REFUND
UTILITY REFUND General Fund 7.28
Total for Payment No.: 7.28
Payment No: 714474
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 LORIE BRIGHTON 00542928 33554-23 UTILITY
REFUND
UTILITY REFUND General Fund 7.12
Total for Payment No.: 7.12
Payment No: 714458
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 JING TAO 00542950 47262-19 UTILITY
REFUND
UTILITY REFUND General Fund 6.97
Total for Payment No.: 6.97
Payment No: 714513
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 SRINIVAS SUNKARA 00542958 51614-24 UTILITY
REFUND
UTILITY REFUND General Fund 6.43
Total for Payment No.: 6.43
Payment No: 714443
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 DAN LI 00542991 75703-10 UTILITY
REFUND
UTILITY REFUND General Fund 6.40
Total for Payment No.: 6.40
Payment No: 714432
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 ANA OLTEAN 00542978 70737-24 UTILITY
REFUND
UTILITY REFUND General Fund 6.33
Total for Payment No.: 6.33
Payment No: 714419
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 GINA SAPORITO 00542813 29051AUG2023 TRAVEL REIMB PATRICK HENRY DR
Parks And Recreation 5.90
Total for Payment No.: 5.90
Payment No: 714456
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 JAGDISH KUMAR SIVAKUMAR 00542976 70480-10 UTILITY REFUND
UTILITY REFUND General Fund 5.56
Total for Payment No.: 5.56
Payment No: 714468
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 KETANBHAI SHAH, RAJ 00542944 46515-27 UTILITY REFUND
UTILITY REFUND General Fund 5.19
Total for Payment No.: 5.19
Payment No: 714471
Payment Date Vendor Name Voucher No. Invoice No. Description Fund Code Amount Paid 2023-09-15 LANDIS FUSATO 00542981 70946-08 UTILITY
REFUND
UTILITY REFUND General Fund 5.17
Total for Payment No.: 5.17
All Other City Funds Group Total 32,202,899.55
Overall Total 86,101,402.75
City of Santa Clara
Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
23-1060 Agenda Date: 10/24/2023

REPORT TO COUNCIL

SUBJECT
Action on Monthly Financial Status and Investment Reports for July and August 2023 and Approve the Related Budget Amendments

COUNCIL PILLAR
Enhance Community Engagement and Transparency

BACKGROUND
In compliance with the Charter of the City of Santa Clara and the adopted Investment Policy, the monthly financial reports and monthly investment reports for July 2023 and August 2023 are submitted for your information. The financial reviews as of July 31 and August 31, 2023 provide a year-to-date financial update to the City Council for fiscal year 2023/24. The analysis of the revenues collected and all expenditures measures the level of adherence to the established resource allocation plan and allows the City to monitor and project revenues and expenditures throughout the year.

The Adopted Budget incorporates the estimated revenues and planned expenditures for all funds.

The attached Financial Status Report provides the budget to actual revenue and expenditure summaries for the General Fund, Special Revenue Funds and Enterprise Operating Funds, as well as expenditure summary for Capital Improvement Funds and Fund Reserve Balances. Any significant variances are explained in the report.

In accordance with City Council Policy 051 - Donations to the City, included in these reports are monthly activity and annual summary of donations received by department. Although the requirement of the policy is to report quarterly, in its ongoing effort to streamline reporting, the City will include this information monthly in the financial status report.

DISCUSSION
Monthly Financial Status Report (Attachments 1 and 3)
The attached reports summarize the City’s financial performance as of July 31 and August 31, 2023 (Attachments 1 and 3). Financial analysis for these reports is provided for the General Fund, select Special Revenue Funds, Enterprise Operating Funds, and Capital Improvement Funds.

Attachment 1 shows that General Fund revenues at 0.3% of the budget through July 2023, while Attachment 3 shows General Fund revenues at 1.8%. In both cases, the revenues in some categories received in July and August account for activity that occurred in FY 2022/23 and those revenues are accrued back to that year. In other cases, such as property tax, most payments are scheduled to occur later in the fiscal year. While it is very early in the fiscal year and limited data is available, General Fund revenues are currently tracking within estimated levels.

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23-1060 Agenda Date: 10/24/2023
As shown in Attachments 1 and 3, General Fund departmental expenditures were at 6.6% and 13.8% of budget through July and August 2023, respectively. Expenditures are tracking within budgeted levels.

As shown in Attachment 1, total revenues for Enterprise Funds (Electric, Water, Sewer, Cemetery, Solid Waste, and Water Recycling) were at 1.3% of the budget through July 31, 2023, while total expenses were at 4.9%. In Attachment 3, total revenues for these funds were at 7.6% of the budget and total expenses were at 12.2%, through August 31, 2023.

In the months of July and August, donations of $84,775 and $10,984 were received, respectively, bringing total donations to $95,759.

There continues to be uncertainty regarding the national economic outlook. Given this level of uncertainty, the December 2022, March 2023 and June 2023 UCLA Anderson Forecasts presented a two-scenario approach: recession scenario and no recession scenario. In its September 2023 forecast, The Conference Board predicts a very short and shallow recession early next year.

On a national level, the unemployment rate increased from 3.5% in July 2023 to 3.8% in August 2023. The unemployment rate is slightly above with the pre-pandemic unemployment rate of 3.5%. In August, the number of unemployed persons increased by 0.5 million, bringing the unemployment total to 6.4 million, which is higher than the pre-pandemic level of 5.7 million. In the second estimate for the second quarter 2023, the Gross Domestic Product (GDP) increased at an annual rate of 2.1%, following a GDP increase of 2.0% in the first quarter.

The California unemployment rate remained unchanged 4.6% between June and August 2023 and was up from 3.8% in August 2022. The unadjusted unemployment rate in the San José-Sunnyvale- Santa Clara Metropolitan Statistical Area (MSA) was 3.9% in August 2023, up from a revised 3.6% in July 2023, and above the August 2022 level of 2.7% and the February 2020 pre-pandemic level of

2.6%.

Staff will continue to closely monitor the General Fund revenues and the City’s overall financial performance as the fiscal year progresses.

Monthly Investment Report (Attachments 2 and 4)
All securities held by the City of Santa Clara as of July 31st and August 31, 2023 were in compliance with the City’s Investment Policy Statement regarding current market strategy and long-term goals and objectives. All securities held are rated “A” or higher by two nationally recognized rating agencies. There is adequate cash flow and maturity of investments to meet the City’s needs for the next six months.

The City’s investment strategy for July and August 2023 was to invest funds not required to meet current obligations in securities listed in the prevailing Investment Policy Statement, with maturities not to exceed five years form the date of purchase. This strategy ensures safety of the City’s funds, provides liquidity to meet the City’s cash needs, and with a reasonable portfolio return of 2.41% in July and 2.57% in August.

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23-1060 Agenda Date: 10/24/2023

ENVIRONMENTAL REVIEW
The action being considered does not constitute a “project” within the meaning of the California Environmental Quality Act (“CEQA”) pursuant to CEQA Guidelines section 15378(b)(4) in that it is a fiscal activity that does not involve any commitment to any specific project which may result in a potential significant impact on the environment.

FISCAL IMPACT
From time to time, adjustments to the budget are required to reflect new information, align budgets with actual revenues and expenses, and correct for inadvertent errors. Attachment 5 includes adjustments in the General Fund to recognize and appropriate developer contributions to the Department of Public Works totaling $3,600. A transfer from the General Fund’s Capital Projects Reserve to the Parks and Recreation Capital Fund in the amount of $241,000 is also included to change the funding source for Phase 1 of the Central Park Master Plan - Aquatic Center Planning and Design project from Mitigation Fee Act funds to the General Fund Capital Projects Reserve given the focus of this phase of the project on a forensic engineering/architectural and failure study that is more appropriately funded by the General Fund. In the Electric Utility Capital Fund, recognition and appropriation of developer contributions in the amount of $519,612 in the Transmission and Distribution Capital Maintenance and Betterments project is recommended.

COORDINATION
This report has been coordinated with the City Attorney’s Office.

PUBLIC CONTACT
Public contact was made by posting the Council agenda on the City’s official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City Clerk’s Office at (408) 615-2220, email [email protected] mailto:[email protected] or at the public information desk at any City of Santa Clara public library.

RECOMMENDATION

1. Note and file the Monthly Financial Status Reports and Monthly Investment Reports for July 2023 and August 2023 as presented; and

2. Approve the FY 2023/24 Budget Amendments in the General Fund, the Electric Utility Capital Fund, and the Parks and Recreation Capital Fund to recognize and appropriate developer contributions in the amount of $3,600 in the General Fund and $519,612 in the Electric Utility Capital Fund and to adjust the funding source for the Central Park Master Plan - Aquatic Center Planning and Design project from the Parks and Recreation Capital Fund to the General Fund Capital Project Reserve in the amount of $241,000, as detailed in Attachment 5 (five affirmative Council votes required to appropriate additional revenue and for the use of unused balances).

Reviewed by: Kenn Lee, Director of Finance
Approved by: Jōvan D. Grogan, City Manager

ATTACHMENTS

1. Monthly Financial Status Report - July 2023
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23-1060 Agenda Date: 10/24/2023

2. Monthly Investment Report - July 2023

3. Monthly Financial Status Report - August 2023

4. Monthly Investment Report - August 2023

5. FY 2023/24 Budget Amendments
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_____________________________________________________________________

MONTHLY FINANCIAL STATUS REPORT

July 2023

City of
Santa Clara
The Center of What 's Possible

1 City of Santa Clara
Financial Status Report as of July 31, 2023

This report summarizes the City’s financial performance for the month ended July 31, 2023. Financial analysis for the report is provided for the General Fund, select Special Revenue Funds, Enterprise Operating Funds, and Capital Improvement Funds. Financial information included in this report is unaudited.

Economic Outlook
Economic indicators are mixed, and there continues to be uncertainty regarding the economic outlook.

Given this level of uncertainty, the December 2022, March 2023 and June 2023 UCLA Anderson Forecasts presented a two-scenario approach: recession scenario and no recession scenario. The recession scenario predicts a recession occurring at the end of 2023, where “inflation would have continued to come down too slowly if not for the continued Federal Reserve rate hikes. In this scenario, the Federal Reserve forces a mild recession and accepts an economic contraction and higher unemployment to combat inflation.” In the no recession scenario, “economic growth slows but remains positive, inflation ebbs, labor markets slacken mildly, just enough to quell wage inflation, and the Federal Reserve eases its approach to monetary policy tightening”.1 Real GDP Levels, US$ Trillions, Chained 2012 Prices, Seasonally Adjusted Rates

Source: UCLA Anderson Forecast and U.S. Bureau of Economic Analysis In its September 2023 Forecast, The Conference Board predicts a very short and shallow recession early next year. “This outlook is associated with numerous factors, including, elevated inflation, high interest rates, dissipating pandemic savings, mounting consumer debt, lower government spending, and the resumption of mandatory student loan repayments. We forecast that real GDP will grow by 2.2 percent in 2023, and then fall to 0.8 percent in 2024.” 2 1 UCLA Anderson Forecast, June 2023, “The More Things Change the More They Stay the Same: Recession or No Recession is Still the Question”
2 https:///www.conference-board.org/research/us-forecast US$ Trillions

21.2 21.0

20.8 20.6

20.4 20.2

20.0 19.92 19.90

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2U6
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Recession

20.13 20.13
Q4 Ql Q2 Q3 Q4 Ql Q2 Q3 Q4
2024 2025

2 City of Santa Clara
Financial Status Report as of July 31, 2023

On a national level, the unemployment rate increased slightly from 3.5% in July 2023 to 3.8% in August 2023. This rate was well below the record setting high of 14.7% in April 2020, but slightly above the pre-pandemic unemployment rate of 3.5%. In August, the number of unemployed persons increased by

0.5 million, totaling 6.4 million.3

In the second quarter 2023 second estimate, the Gross Domestic Product (GDP) increased by 2.1%, following a GDP increase of 2.0% in the first quarter. The estimated increase in the first quarter reflected increasing consumer spending, state, local and federal government spending and nonresidential fixed investment.4

3 https://www.bls.gov/news.release/pdf/empsit.pdf
4 https://www.bea.gov/sites/default/files/2023-08/tech2q23_2nd.pdf ,Chart 1. 1UnemplD)ffl0n t. Ir.aie, seasornally adj11stad, A11gust 20.2:1 - A11gust 2023
Petrcent
'l

7.0 6.5

6.0 5.5

5.0 4.5

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,A/Lt;J, 21 Nl!ll- 21 Fe ll-22 Mey-22 /lll g-22 Nov-22 FED-23- li.Ga)'-23 Aug-23- Ohan 2. Nonfarm payroll employmernt oveNlil .e•month clilarng~·.

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llhousa nds
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. 200
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II I 1111 I ■ I
II I II II I 11 11 11
AL111:-21 Nov-:?1 FEil>-22 Mey-2.2 1'11Jil·22" Nov-22 FEil>-23 Mey-23 A'ltlJ:-23 Real GDIP: Percent change from preced ing qua,rter
40 30
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0 -10
-20
-30
-40
Q3 Q4 Ql
2019
Ql Q3 Q4 Ql
2020
U.S. Bureau of Economic Analys.is
Ql Q::l U,4 Ql Ql Q3 Q4 Ql Ql
2021 2022 2023
Seasonally ad'jus.ted annual rates

3 City of Santa Clara
Financial Status Report as of July 31, 2023

At the state level, the California unemployment rate remained unchanged between July and August 2023 at 4.6%. This rate is higher compared to the 3.8% rate in August 2022. Since the current economic expansion began in April 2020, California has added 3.2 million jobs, regaining the 2.7 million jobs lost as a result of the pandemic.5
The unadjusted unemployment rate in the San José-Sunnyvale-Santa Clara Metropolitan Statistical Area (MSA) was 3.9% in August 2023, up from a revised 3.6 % in July 2023, and above the August 2022 estimate of 2.7%. Between August 2022 and August 2023, employment in this region increase by 22,100 jobs, or 1.9% The largest increases were in private education and health services (up 13,100 jobs), leisure and hospitality (up 7,500 jobs), and construction (up 3,500 jobs). Notable employment reductions were in manufacturing (down 2,000 jobs) and professional and business services (down 1,900).6
General Fund
The General Fund is the major operating fund for the City and includes multiple programs, services, and activities for the residents and businesses of the City. The adopted budget for operating revenues and expenditures for fiscal year 2023/24 was $281.8 million. The amended budget for revenues and expenditures was adjusted to $287.4 million to reflect carryover encumbrances from fiscal year 2022/23 and various budget amendments approved by the City Council through July 2023.

While it is very early in the fiscal year and limited data is available, General Fund revenues are tracking within estimated levels and expenditures are tracking below budget.

5 https://edd.ca.gov/en/about_edd/news_releases_and_announcements/unemployment-august-2023/ 6 https://labormarketinfo.edd.ca.gov/file/lfmonth/sjos$pds.pdf

4 City of Santa Clara
Financial Status Report as of July 31, 2023

General Fund Revenues
As of July 31, 2023, $0.9 million or 0.3% of the General Fund estimated revenue (excluding transfers) was received. Transfers and use of reserves of $15.0 million have occurred as budgeted. This very low collection level through July is largely due to the timing of payments. In some categories, the revenues received in July account for activity that occurred in FY 2022/23 and those revenues are accrued back to that year. In other cases, such as property tax, most payments are scheduled to occur later in the fiscal year.

Adopted Budget
Amended
Budget
Actual Through
7/31/2023
Percentage
Received
Actual Through
7/31/2022
$
Change From
Prior Year
Percentage
Change
TAXES
Sales Tax 60,524,000$ 60,524,000$ -$ 0.00% -$ -$ N/A Property Tax 85,800,000 85,800,000 - 0.00% - - N/A Transient Occupancy Tax 21,275,000 21,275,000 - 0.00% 2,251,677 (2,251,677) -100.00% Other Taxes 6,750,000 6,750,000 63,747 0.94% 61,746 2,001 3.24% Total Taxes 174,349,000 174,349,000 63,747 0.04% 2,313,423 (2,249,676) -97.24%

LICENSES & PERMITS
Business Licenses 6,000,000 6,000,000 196,053 3.27% 71,934 124,119 172.55% Fire Operation Permits 2,000,000 2,000,000 50,922 2.55% 140,341 (89,419) -63.72% Miscellaneous Permits 69,000 69,000 1,649 2.39% - 1,649 N/A Total Licenses & Permits 8,069,000 8,069,000 248,624 3.08% 212,275 36,349 17.12% FINES & PENALTIES 1,225,000 1,225,000 227,605 18.58% 18,360 209,245 1139.68% INTERGOVERNMENTAL 520,000 520,000 - 0.00% 670 (670) -100.00% CHARGES FOR SERVICES 29,314,768 29,662,668 804,152 2.71% 1,252,044 (447,892) -35.77% SILICON VALLEY POWER TRANSFER 32,000,000 32,000,000 - 0.00% - - N/A

USE OF MONEY & PROPERTY
Interest 3,500,000 3,500,000 (1,292,639) -36.93% (710,264) (582,375) 81.99% Rent 12,397,660 12,397,660 868,004 7.00% 712,759 155,245 21.78% Total Use of Money & Property 15,897,660 15,897,660 (424,635) -2.67% 2,495 (427,130) -17119.44% MISCELLANEOUS REVENUES 180,000 180,000 14,979 8.32% 45,901 (30,922) -67.37%

LAND PROCEED - - - N/A - - N/A

OTHER FINANCING SOURCES
Operating Transfer In - Storm Drain 1,454,000 1,454,000 1,454,000 100.00% 1,454,000 - 0.00% Operating Transfer In - Reserves 2,772,275 8,012,113 8,012,113 100.00% 32,632,195 (24,620,082) -75.45% Operating Transfer In - Fund Balances(1) 4,759,683 4,759,683 4,759,683 100.00% 4,484,726 274,957 6.13% Operating Transfer In - Miscellaneous 746,044 746,044 746,044 100.00% 2,127,374 (1,381,330) -64.93% Total Other Financing Sources 9,732,002 14,971,840 14,971,840 100.00% 40,698,295 (25,726,455) -63.21%

STADIUM OPERATION
Charges for Services 9,278,128 9,278,128 (27,241) -0.29% (84,638) 57,397 -67.81% Rent and Licensing 1,230,000 1,230,000 - 0.00% 460,000 (460,000) -100.00% Total Stadium Operation 10,508,128 10,508,128 (27,241) -0.26% 375,362 (402,603) -107.26% TOTAL GENERAL FUND 281,795,558$ 287,383,296$ 15,879,070$ 5.53% 44,918,825$ (29,039,754)$ -64.65% (1) The Operating Transfer In - Fund Balances includes the carryover encumbrances of open purchase orders as of June 30, 2023 and mid year budget amendment from reserves.

Function

CITY OF SANTA CLARA

GENERAL FUND

REVENUES OVERVIEW AND COMPARISON BY TYPE
FISCAL YEAR 2023/24 PY REVENUE COMPARISON

5 City of Santa Clara
Financial Status Report as of July 31, 2023

General Fund Revenues
Sales Tax: The City of Santa Clara sales tax rate is 9.125%, of which the City receives 1.0%. As of July 31, 2023, no sales tax has been recorded. Given the timing of payments, the sales tax payments received in July accounted for activity in the prior fiscal year and those funds were accrued to last year.

Property Tax: No property tax receipts were received in July 2023. The majority of property tax revenue is collected in February and April each year. Based on initial information from the County of Santa Clara, property tax receipts are projected to end the year above the Adopted Budget estimate of $85.8 million.

Transient Occupancy Tax (TOT): TOT is calculated as a percentage of City hotel/motel room charges. The City’s TOT rate is 11.5%. No TOT has been recorded through July 31, 2023. The amounts received in July are attributed to the prior fiscal year and those funds were accrued to that year.

Other Taxes: Includes franchise tax and documentary transfer tax. The City has collected $63,747 through July, which is on par with last fiscal year’s collection levels. Receipts through July reflect franchise tax collections. No documentary transfer tax revenue is reflected through July as the receipts received in July were accrued to the prior fiscal year.

Licenses & Permits: Includes business licenses, fire operation permits, and miscellaneous permits and fees. Effective FY 2021/22, building, electric, plumbing and mechanical permits have all been budgeted in the new Building Development Services Fund, which will be reflected in the Special Revenue section of this report. Licenses and permits revenue collections are tracking below par with receipts totaling $0.2 million, or 3.1% of the $8.1 million budget. The updated Business License Tax is being implemented this fiscal year with the new methodology. With this transition and the need to re- register every business, the timeline to submit payments has been extended which has impacted actual receipts in the first few months. Staff will closely monitor results from the implementation to determine if any budget adjustments are necessary based on the actual collections.

Fines & Penalties: Includes vehicle, parking, court fines, and miscellaneous penalty fines. The revenue collected in this category through July was $0.2 million. Collections in this category are tracking well above the prior year due to the resumption of the assessment of late fees that had been waived due to COVID-19.

Intergovernmental: Includes motor vehicle fees, state homeowner tax relief, state mandated reimbursement and redistribution of land sale proceeds and ground leases from the Successor Agency.

Through July 31, 2023, no revenue has been collected in this category.

Charges for Services: Includes various plan check and zoning-related fees, engineering fees, administrative fees, and community service revenue from various recreational activities. Through July 31, 2023, collections totaled approximately $0.8 million or 2.7% of the budget. This reflects a 35.8% decrease compared to last year’s collections through the same period of $1.6 million. This large

6 City of Santa Clara
Financial Status Report as of July 31, 2023

decrease is a result of timing differences in the booking of interdepartmental charges directly related to the cost allocation plan. Last fiscal year, these charges were booked in July, whereas these charges have not yet occurred this fiscal year.

Silicon Valley Power Transfer: In accordance with the City’s charter, Silicon Valley Power pays 5.0% of gross revenues to the General Fund. Through July, this transfer has not yet been received.

Use of Money & Property: Includes realized investment income and rental income. The negative amount under the interest category reflects an accrual to the prior year.

Miscellaneous Revenues: Includes developer fees, donations, damage recovery, sale of surplus, and one-time miscellaneous revenues. Through July 31, 2023, collections are slightly lower with prior year levels at $15,000.

Stadium Operation: Through July 2023, the current negative amount under the charges for services category reflects an accrual amount for charges for services.

7 City of Santa Clara
Financial Status Report as of July 31, 2023

General Fund Expenditures
As of July 31, 2023, $30.6 million or 10.7% of the General Fund operating budget had been expended, which is on par with prior year expenditure levels . Overall, expenditures in the General Fund are within budgeted levels through July. Departmental expenditures totaled $17.4 million, or 6.6% of the budget, which is below the par level of 8.3% of the budget.

Adopted Budget
Amended
Budget
Actual Through
7/31/2023
Percentage
Use d
Actual Through
7/31/2022
$
Change From
Prior Year
Percentage
Change

GENERAL GOVERNMENT
Non-Departmental 15,123,531$ 15,640,480$ 351,730$ 2.25% 404,052$ (52,322)$ -12.95% City Council 1,124,281 1,131,037 76,336 6.75% 38,976 37,360 95.85% City Clerk 1,947,261 2,121,865 104,369 4.92% 79,502 24,867 31.28% City Manager 5,410,204 5,938,327 211,381 3.56% 358,840 (147,459) -41.09% City Attorney 3,076,516 3,196,951 194,826 6.09% 262,985 (68,159) -25.92% Human Resources 4,300,090 4,464,113 230,562 5.16% 239,614 (9,052) -3.78% Finance 19,140,702 19,939,776 1,164,274 5.84% 1,246,401 (82,127) -6.59% Total General Government 50,122,585 52,432,549 2,333,478 4.45% 2,630,370 (296,892) -11.29% PUBLIC WORKS 24,857,521 26,175,381 1,374,202 5.25% 1,168,564 205,638 17.60% COMMUNITY DEVELOPMENT 5,121,256 5,227,061 389,190 7.45% 299,055 90,135 30.14% PARKS AND RECREATION 21,933,152 22,711,221 1,380,953 6.08% 1,281,419 99,534 7.77%

PUBLIC SAFETY
Fire 62,616,032 63,222,036 5,136,442 8.12% 5,368,085 (231,643) -4.32% Police 85,598,562 85,946,468 6,273,095 7.30% 5,943,854 329,241 5.54% Total Public Safety 148,214,594 149,168,504 11,409,537 7.65% 11,311,939 97,598 0.86% LIBRARY 11,135,937 11,229,696 842,646 7.50% 741,804 100,842 13.59% DEPARTMENTAL TOTAL 261,385,045 266,944,412 17,730,006 6.64% 17,433,151 296,855 1.70%

OTHER FINANCING USES
Operating Transfer Out - Miscellaneous 1,198,809 1,198,809 1,198,809 100.00% 38,809 1,160,000 2989.00% Operating Transfer Out - Debt Services 1,402,440 1,402,440 1,402,440 100.00% 1,402,275 165 0.01% Operating Transfer Out - Maintenance Dtrct 942,413 942,413 942,413 100.00% 842,700 99,713 11.83% Operating Transfer Out - Cemetery 796,000 796,000 796,000 100.00% 870,000 (74,000) -8.51% Operating Transfer Out - CIP 7,305,499 7,305,499 7,305,499 100.00% 8,625,501 (1,320,002) -15.30% Operating Transfer Out - Reserves - - - N/A - - N/A Total Other Financing Uses 11,645,161 11,645,161 11,645,161 100.00% 11,779,285 (134,124) -1.14% STADIUM OPERATION 8,765,352 8,793,722 1,218,561 13.86% 662,620 555,941 83.90% TOTAL GENERAL FUND 281,795,558$ 287,383,295$ 30,593,728$ 10.65% 29,875,056$ 718,672$ 2.41% Function

CITY OF SANTA CLARA

GENERAL FUND

EXPENDITURES OVERVIEW AND COMPARISON BY FUNCTION
FISCAL YEAR 2023/24 PY EXPENDITURES COMPARISON

8 City of Santa Clara
Financial Status Report as of July 31, 2023

General Fund Expenditures
Below is an explanation of certain budget to actual expenditure variances by program.

Non-Departmental: Includes expenditures that are not attributable to a single department, but a function of the City in general. Through July, expenditures totaled $0.4 million, or 2.3% of the budget.

These expenditures are below the par level of 8.3%, and lower than prior year levels.

City Attorney: Actual expenditures through July totaled approximately $0.2 million, which is 6.1% of the budget, which is below par. Spending is significantly below the total expenditures through the same time last fiscal year by 26%. This decrease is due to internal service allocation charges, as they are not yet reflected in the July data.

City Clerk: Through July, actual expenditures were tracking below budget at $0.1 million or approximately 4.9% of the budget. This expenditure level reflects a 31.3% increase compared to last fiscal year due to higher salaries and benefits charges in the current year, partially offset by internal service allocation charges, which are not yet reflected in the July data.

City Council: Through July, expenditures were at 6.8% of budget, which is below par. Compared to the same period through last fiscal year, this reflects a significant increase in expenditures. This is a result of the reallocation of 1.0 Assistant to the City Manager position from the City Manager’s Office as approved as part of the FY 2023/24 and FY 2024/25 Adopted Operating Budget.

City Manager: The actual expenditures through July totaled $0.2 million, or 3.6% of the budget, which is below par for this time of the year. Expenditures are approximately 41% lower compared with the spending level through the same period last fiscal year. This is a result of vacancy savings within the department and the reallocation of 1.0 Assistant to the City Manager position to the City Council as mentioned above.

Community Development Department: This department consists of three divisions: Planning, Building, and Housing and Community Services. The Building Division of this department is reflected in the Building Development Services Fund, which falls under the special revenue section of this report.

Through July, departmental expenditures for the Planning and Housing and Community Services divisions totaled $0.4 million, or 7.5% of the budget, which is below par of 8.3%. This expenditure level is 30% above the prior year as a result of higher salaries and benefits costs in the current year.

Finance Department: Through July, the Department’s expenditures totaled $1.2 million, or 5.8% of the budget, which is below par. This expenditure level was approximately 6.6% lower than through the same period last year. Similar to the other departmental tracking, this is a result of the timing of the internal service allocation charges, which are not yet reflected in the July data.

Fire Department: Through July, actual expenditures totaled $5.1 million, or 8.1% of the budget, which is at par. These expenditures reflect a 4.3 % decrease from expenditures through the same period last fiscal year. This is primarily because, as approved as part of the FY 2023/24 and FY 2024/25 Adopted Operating Budget, approximately 9.0 FTE were reallocated to the newly established Fire Development

9 City of Santa Clara
Financial Status Report as of July 31, 2023

Services Fund. These charges are reflected under the special revenue section of this report. Overtime expenditures are tracking at 18.5% of the budget, which is above par for this time of year. While this overtime figure is high, it is important to note that overtime is used to backfill for vacant positions and the vacancy savings offset a portion of the overtime costs.

Library Department: Through July, actual expenditures totaled $0.8 million, or 7.5% of the budget, which is below par, but 13.6% higher than expenditure levels last fiscal year. The higher spending is a result of the reopening of libraries.

Parks and Recreation Department: Through July, actual expenditures totaled $1.4 million, or 6.1% of the budget, which is below par, but consistent with prior year actuals of $1.3 million. Similar to other departments, internal service allocation charges are not yet reflected in the July data.

Police Department: Expenditures through July are tracking at expected levels at $6.3 million, or 7.3% of the budget; this is approximately 5.5% below prior year spending. Again, this is also a result of the timing of the internal service allocation charges, which are not yet reflected in the July data.

Stadium Operation: Stadium operating expenditures are incurred first and billed on a reimbursement basis creating a timing difference in revenue recognition. Stadium expenditures totaled $1.2 million through July, which is significantly higher than prior year levels. This is primarily due to higher personnel spend, particularly in overtime. Events at the Stadium during July included two soccer matches as well as two Taylor Swift concerts.

10 City of Santa Clara
Financial Status Report as of July 31, 2023

Special Revenue Funds
The table below is a summary of revenues and expenditures of select Special Revenue Funds as of July 31, 2023. The amended budget reflects carryover encumbrances from fiscal year 2022/23 and budget amendments approved by the City Council through July 2023. Effective July 1, 2023, development related services in the Fire Department have been reallocated from the General Fund to the newly established Fire Development Services Fund, reflected below.

Revenues totaled approximately $1.9 million, while expenditures totaled approximately $1.6 million through the end of July. Overall, revenues and expenditures are tracking below par of 8.3%. In the Housing Successor Fund, the expenditures are significantly lower compared to last fiscal year due to a one-time special disbursement for a housing loan that occurred in July 2022.

Actual Actual $
Fund Adopted Amended Through Percentage Through Change From Percent Description Budget Budget 7/31/2023 received 7/31/2022 Prior Year Change Housing Authority Fund 252,495$ 252,495$ 55,144$ 21.84% 5,776$ 49,368$ 854.71% City Affordable Housing Fund 1,166,720 1,166,720 5,932 0.51% 32,279 (26,347) -81.62% Housing Successor Fund 1,306,326 1,306,326 138,437 10.60% 106,560 31,877 29.91% Housing and Urban Development 3,106,041 3,106,041 130,888 4.21% 78,768 52,120 66.17% Building Development Services
Fee Fund
15,611,000 15,611,000 1,358,998 8.71% 2,044,953 (685,955) -33.54% Fire Development Services Fee
Fund
2,935,000 2,935,000 226,813 7.73% 0 226,813 N/A
TOTAL 24,377,582$ 24,377,582$ 1,916,212$ 7.86% 2,268,336$ (352,124)$ -15.52% Actual Actual $
Fund Adopted Amended through Percentage through Change From Percent Description Budget Budget 7/31/2023 used 7/31/2022 Prior Year Change Housing Authority Fund 457,193$ 518,659$ 14,132$ 2.72% 14,305$ (173)$ -1.21% City Affordable Housing Fund 6,683,926 7,435,503 57,643 0.78% 70,981 (13,338) -18.79% Housing Successor Fund 873,227 1,216,887 170,382 14.00% 1,621,232 (1,450,850) -89.49% Housing and Urban Development 3,993,723 4,753,782 63,281 1.33% 248,843 (185,562) -74.57% Building Development Services
Fee Fund
13,689,592 15,018,230 1,117,023 7.44% 819,503 297,520 36.30% Fire Development Services Fee
Fund
3,109,073 3,109,073 209,317 6.73% 0 209,317 N/A
TOTAL 28,806,734$ 32,052,134$ 1,631,778$ 5.09% 2,774,864$ (1,143,086)$ -41.19%

PRIOR YEAR EXPENDITURE COMPARISON

CITY OF SANTA CLARA

SPECIAL REVENUE FUNDS

REVENUE AND EXPENDITURE - OVERVIEW AND COMPARISON BY FUND REVENUES - FISCAL YEAR 2023/24 PRIOR YEAR REVENUE COMPARISON EXPENDITURES - FISCAL YEAR 2023/24

11 City of Santa Clara
Financial Status Report as of July 31, 2023

Governmental Capital Improvement Funds
The table below lists the revenue for selected capital improvement funds. The amended budget reflects current year appropriations, prior year carryover, and budget amendments approved through July 2023.

As of July 31, 2023, the capital fund revenue totaled $0.1 million.

REVENUES - FISCAL YEAR 2023/24
Actual
Fund Current Year Prior Year Total Amended Through Percentage Description Appropriation Carryforward Budget 7/31/2023 Use d Parks & Recreation -$ 4,280,995$ 4,280,995$ 19,145$ 0.45% Streets & Highways 5,495,232 15,988,284 21,483,516 54 0.00% Storm Drain 1,454,000 - 1,454,000 119,969 8.25% Related Santa Clara Developer 977,582 - 977,582 - 0.00% Patrick Henry Drive Infrastructure
Improvement Fund
140,486 - 140,486 - 0.00% Tasman East Specific Infrastructure
Improvement Fund
- - - 2,089 NA TOTAL 8,067,300$ 20,269,279$ 28,336,579$ 141,257$ 0.50%

CITY OF SANTA CLARA

GOVERNMENTAL CAPITAL IMPROVEMENT FUNDS

REVENUE - OVERVIEW AND COMPARISON BY SELECTED FUND

The table below lists the total amended budgeted amounts for expenditures in the Capital Improvement Funds. Similar to the revenue table, the amended expenditure budgets consist of current year appropriations, prior year carryover encumbrance balances in Governmental Capital Improvement Funds, and budget amendments approved through July 2023. As of July 31, 2023, capital fund expenditures totaled $1.3 million, or 0.83% of the amended budget, well below par.

As part of the adoption of the FY 2023/24 and FY 2024/25 biennial operating budget, some capital funds were carried over for projects that were not anticipated to be completed by June 30, 2023.

Necessary additional adjustments to the capital carryover amounts will be included as part of the Budgetary Year-End Report for FY 2022/23, anticipated to be brought forward for City Council approval in December 2023.

12 City of Santa Clara
Financial Status Report as of July 31, 2023

EXPENDITURES - FISCAL YEAR 2023/24
Actual
Fund Current Year Prior Year Total Amended Through Percentage Description Appropriation Carryforward Budget 7/31/2023 Use d Parks & Recreation 2,719,457$ 38,184,533$ 40,903,990$ 672,946$ 1.65% Streets & Highways 17,776,700 62,604,298 80,380,998 402,803 0.50% Storm Drain 807,414 4,002,049 4,809,463 19,570 0.41% Fire 427,374 1,303,898 1,731,272 - 0.00% Library - 301,105 301,105 - 0.00% Public Buildings 1,590,019 9,319,499 10,909,518 2,112 0.02% General Gov't - Other 941,000 8,688,990 9,629,990 96,059 1.00% City Affordable Housing Capital Fund - 1,600,000 1,600,000 - Related Santa Clara Developer 977,582 523,109 1,500,691 70,373 4.69% Patrick Henry Drive Infrastructure
Improvement Fund
71,281 - 71,281 1,198 1.68% Tasman East Specific Infrastructure
Improvement Fund
27,330 1,423,145 1,450,475 1,343 0.09% TOTAL 25,338,157$ 127,950,626$ 153,288,783$ 1,266,404$ 0.83%

CITY OF SANTA CLARA

SUMMARY OF EXPENDITURES

GOVERNMENTAL CAPITAL IMPROVEMENT FUNDS

13 City of Santa Clara
Financial Status Report as of July 31, 2023

Enterprise Funds
The table below is a summary of revenues and expenses for the Enterprise Operating Funds as of July 31, 2023. Overall, revenues and expenditures are tracking below budgeted levels.

Actual Actual $
Fund Adopted Amended Through Percentage Through Change From Percent Description Budget Budget 7/31/2023 received 7/31/2022 Prior Year Change Electric Utility Fund 1,008,222,211$ 1,008,222,211$ 10,939,137$ 1.08% 8,453,285$ 2,485,852$ 29.41% Water Utility Fund 60,726,490 60,726,490 1,763,352 2.90% 1,588,763 174,589 10.99% Sewer Utility Fund 73,500,825 78,500,825 863,094 1.10% 936,552 (73,458) -7.84% Cemetery Fund 750,000 750,000 40,607 5.41% 20,825 19,782 94.99% Solid Waste Utility Fund 39,577,957 39,577,957 1,317,948 3.33% 1,039,802 278,146 26.75% Water Recycling Fund 7,668,868 7,668,868 64,417 0.84% 65,223 (806) -1.24% TOTAL REVENUE 1,190,446,351$ 1,195,446,351$ 14,988,555$ 1.25% 12,104,450$ 2,884,105$ 23.83% Actual Actual $
Fund Adopted Amended through Percentage through Change From Percent Description Budget Budget 7/31/2023 Use d 7/31/2022 Prior Year Change Electric Utility Fund 681,590,706$ 687,147,483$ 36,774,193$ 5.35% 16,934,394$ 19,839,799$ 117.16% Water Utility Fund 54,015,131 56,158,029 736,036 1.31% 621,621 114,415 18.41% Sewer Utility Fund 53,980,961 54,497,527 1,507,187 2.77% 895,090 612,097 68.38% Cemetery Fund 1,534,349 1,534,349 76,253 4.97% 67,418 8,835 13.10% Solid Waste Utility Fund 38,782,622 42,314,984 2,520,987 5.96% 895,993 1,624,994 181.36% Water Recycling Fund 8,234,584 8,234,584 91,733 1.11% 41,318 50,415 122.02% TOTAL - Operating
Appropriations
838,138,353$ 849,886,956$ 41,706,389$ 4.91% 19,455,834$ 22,250,555$ 114.36% PRIOR YEAR EXPENSE COMPARISONEXPENSES - FISCAL YEAR 2023/24

CITY OF SANTA CLARA

ENTERPRISE OPERATING FUNDS

REVENUES AND EXPENSES - OVERVIEW AND COMPARISON BY FUND REVENUES - FISCAL YEAR 2023/24 PRIOR YEAR REVENUE COMPARISON

Both revenues and expenditures are tracking significantly higher than prior year levels. In the Electric Utility Fund, higher debt retirement and resource costs were incurred this fiscal year when compared to July 2022. Sales have also come in higher in the Cemetery Fund. In the Solid Waste Utility Fund, there were higher refuse collection charges, alongside higher garbage collection expenses as well.

Revenues in the electric (which also includes the Electric Debt Service Fund), water, and sewer utility (which also includes the Sewer Debt Service Fund) and water recycling funds are primarily from customer service charges. The activity levels for these customer service charges also impact the resource and production costs on the expenditure side for these funds. The lower the revenue from customer service charges, the lower the expenditures in the resource and production category.

14 City of Santa Clara
Financial Status Report as of July 31, 2023

A summary of revenue and expenses in the Enterprise Capital Improvement Funds is detailed in the table below. Actual revenue through July 31, 2023 totaled $0.1 million, consisting primarily of developer contributions in the Electric Utility Fund and sewer fees in the Sewer Utility Fund. Enterprise capital fund expenses totaled $1.6 million, or 0.3% of the amended budget. Similar to the general government capital funds, capital funds were carried over from FY 2022/23 as part of the FY 2023/24 and FY 2024/25 budget adoption process for those projects that were not expected to be completed by June 30, 2023. Additional necessary adjustments to the capital carryover amounts based on actual year-end expenditures will be brought forward for City Council approval in December 2023, as part of the budgetary year-end report for FY 2022/23.

Actual
Fund Current Year Prior Year Total Amended Through Percentage Description Appropriation Carryforward Budget 7/31/2023 Used Electric Utility Fund 37,980,480$ 40,599,727$ 78,580,207$ 43,095$ 0.05% Sewer Utility Fund - - - 51,902 N/A Solid Waste Utility Fund 258,000 - 258,000 - 0.00% TOTAL - Revenue 38,238,480$ 40,599,727$ 78,838,207$ 94,997$ 0.12% Actual
Fund Current Year Prior Year Total Amended Through Percentage Description Appropriation Carryforward Budget 7/31/2023 Used Electric Utility Fund 355,072,203$ 161,038,869$ 516,111,072$ 1,371,085$ 0.27% Street Lighting (1) 125,000 3,452,509 3,577,509 5,300 0.15% Water Utility Fund 5,165,000 5,316,334 10,481,334 220,910 2.11% Sewer Utility Fund 13,721,802 28,349,075 42,070,876 46,749 0.11% Cemetery Fund - 245,335 245,335 - 0.00% Solid Waste Utility Fund 765,000 271,756 1,036,756 - 0.00% Water Recycling Fund 50,000 - 50,000 - 0.00% Convention Center Capital
Fund
- 2,146,482 2,146,482 - 0.00%

TOTAL - CIP
Appropriations
374,899,004$ 200,820,360$ 575,719,364$ 1,644,044$ 0.29%

CITY OF SANTA CLARA

ENTERPRISE CAPITAL IMPROVEMENT FUNDS

SUMMARY OF EXPENSES
EXPENSES - FISCAL YEAR 2023/24

CITY OF SANTA CLARA

ENTERPRISE CAPITAL IMPROVEMENT FUNDS

REVENUE - OVERVIEW AND COMPARISON BY SELECTED FUND
REVENUES - FISCAL YEAR 2023/24

(1) Street Lighting fund is part of Electric Capital Improvement Funds

15 City of Santa Clara
Financial Status Report as of July 31, 2023

Fund Reserves
By policy, City Council established the City’s General Contingency Reserve, under which reserves for Budget Stabilization and Capital Projects were established. • Budget Stabilization Reserve is set aside for weathering economic downturns, emergency financial crisis, or disaster situations. The reserve target is equal to the expenditures of the City’s General Fund operations for three months (90-day or 25% General Fund Adopted Operating Budget). In FY 2023/24, the City Council approved an exception to the policy to allow the Reserve to drop to a minimum of 15% of expenditures. • Capital Projects Reserve earmarks funds for the Capital Improvement Program.

Other General Reserves and Enterprise Fund Reserves included in this report are highlighted as follows:
• Technology Fee Reserve is set aside to update and/or replace the City’s aging technology and to ensure internal controls are in compliance with current business standard and legal requirements.
• Land Sale Reserve is net proceeds from the sale of City-owned land, with interest earned on these funds available to be appropriated for General Fund operating expenditures. This reserve is available for appropriation by City Council action.
• The Electric Utility Rate Stabilization Reserve and Operations and Maintenance Reserve ensures sufficient operating cash is available to cover day-to-day expenses, address unforeseen cost increases or revenue shortfalls, and ensure debt service coverage. • The Replacement and Improvement Reserve in the Water and Sewer Utility Funds is for future capital improvement.

The table below summarizes select reserve balances.

16 City of Santa Clara
Financial Status Report as of July 31, 2023

DETAIL OF SELECTED FUND RESERVE BALANCES:

GENERAL

FUND ELECTRIC WATER
Budget Stabilization Reserve 47,592,520$
Capital Projects Reserve 7,118,949
Land Sale Reserve 18,481,037
Technology Fee Reserve 2,581,146
Electric Rate Stabilization Fund Reserve 56,776,613$
Electric Operations and Maintenance Reserve 150,765,556 Replacement & Improvement 303,090$
TOTALS 75,773,652$ 207,542,169$ 303,090$

CITY OF SANTA CLARA

RESERVE BALANCES
July 31, 2023

Donations to the City of Santa Clara
Donations received by department during the month of July 2023 and for fiscal year 2023/24 are shown in the table below.

Department Jul-23
Fis cal Year
2023/24
Year To Date Designated Use
Parks & Recreation 8,000 8,000 Case Management Parks & Recreation 25 25 Roberta Jones Jr. Theatre
Parks & Recreation 1,750 1,750 Wade Brummal
Police 75,000 75,000 TEAM 200
TOTALS 84,775$ 84,775$

_____________________________________________________________________

MONTHLY INVESTMENT REPORT

July 2023

City of
Santa Clara
The Center of What 's Possible
City of Santa Clara
Monthly Investment Report

TABLE OF CONTENTS
Page #
1 Summary of Investment Portfolio 1
2 Summary of Investments 5
3 Investment Maturity Distribution Schedule 6
4 Attachment A: Investment Inventory With Market Value 7 1 CITY OF SANTA CLARA

SUMMARY OF INVESTMENT PORTFOLIO
All securities held by the City of Santa Clara as of July 31, 2023 were in compliance with the City's Investment Policy Stateme nt regarding current market strategy and long-term goals and objectives. All securities held are rated A or higher by two nationa lly recognized rating agencies. There is adequate cash flow and maturity of investments to meet the City’s needs for the next six months.

The following table provides the breakdown of the total portfolio among the City, the Sports and Open Space Authority (SOSA), and the Housing Authority (HA) as of July 31, 2023.

On J
uly 31, 2023 the cost value and market value of the City's unrestricted pooled investment portfolio were $951,804,787 and $918,033,535 respectively.

Investment Strategy and Market Update
The Federal Reserve (Fed) increased the overnight federal funds rate by 0.25% at its July meeting, to a new target range of 5.25% to 5.50%. This comes after the central bank left rates unchanged at its June meeting. Fed Chair Jerome Powell highlighted that the Fed is no longer forecasting a U.S. recession and said that “we do have a shot” for inflation to return to target without high levels of job losses.

On a year-over-year (YoY) basis, headline CPI rose 3.0% as of June, the lowest annual increase in over two years and another step lower from the 4.0% YoY pace in May and 6.5% in December 2022. Meanwhile the core CPI rate registered 4.8% over the year in June, a full half-percent decline from May. On a monthly basis, core CPI, which excludes food and energy, increased just 0.2% in June, marking the smallest one-month increase since August 2021. Shelter costs remain the largest contributor to the monthly headline CPI number, accounting for 70% of the increase.

Non-farm payrolls increased by 187,000 in July, and the unemployment rate fell slightly to 3.5%. Employment continued to trend up in hea
lthcare, social assistance, finance activities, wholesale trade and construction. Employment openings totaled 9.58 million in June, edging lower from 9.62 million in May. The labor market remains a tailwind to the U.S. economy.

The benchmark 3-month, 2-, and 10-year U.S. Treasuries finished the month at 5.40%, 4.88%, and 3.96%, moving up 12, down 2, and u
p 12 bps during July, respectively.

COST VALUE PERCENTAGE
City $950,825,438 99.90%
SOSA
9,890 0.00%
HA 969,459 0.10%
Unrestricted $951,804,787 100.00%
Restricted Bond Proceeds 2,239,855
Total Inves
tments $954,044,642
2 The
City's investment strategy for July 202 3 was to invest funds not required to meet current obligations, in securities listed in the pr
evailing Investment Policy Statement, with maturities not to exceed five years from date of purchase. This strategy ensures safety of the City’s funds, provides liquidity to meet the City’s cash needs, and earns a reasonable portfolio return. PFM Asset Management LLC began actively managing the City’s securities portfolio on September 1, 2020.

As of July 31, 2023, 42.34% of the City’s portfolio consists of U.S. Treasury Notes, 19.70% consists of investment grade Corporate Notes, 17.46% consists of California Asset Management Program (CAMP), 12.39% consists of Federal Agencies, 2.77% consists of investment grade Mortgage-Backed Securities, 1.16% consists of investment grade Supranational Obligations, 1.55% consists of Negotiable Certificates of Deposit, 1.52% consists of investment grade Asset-Back Securities, 0.60% consists of Local Agency Investment Fund (LAIF), and 0.28% consists of investment grade Municipal Bonds. In addition, City bond proceeds are invested in separate funds and are not included in the calculation of the City’s portfolio yield.

U.S. Treasury Notes

42.34%Federal Agency Notes

12.39%
Corporate Notes

19.70%
Municipal Bonds

0.28%
Supranational Obligations

1.16%
Asset-Backed Securities

1.52%
Negotiable Certificates
of Deposit

1.55%
Mortgage-Backed
Securities

2.77%
Money Market Fund

0.00%
Local Agency Investment Fund
(LAIF)

0.60%
California Asset Management
Program (CAMP)

17.46%
Mutual Fund - Traffic
Mitigation Bond Proceeds

0.23%
3 The City’s securities portfolio is benchmarked against the ICE BAML 1-5 US Treasury Index.

2.41%

2.95%

3.08%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%
Oct-20 Jan-21 Apr-21 Jul-21 Oct-21 Jan-22 Apr-22 Jul-22 Oct-22 Jan-23 Apr-23 Jul-23 Securities Portfolio Yield at Cost vs Index 24-Month Average of Yield at Market Securities Portfolio (yield at cost)
City's Benchmark Index (24-month rolling average market yield) BofA 1-5 AAA-A Corp & Gov't Index (24-month rolling average market yield)

T T T T T T T
4 The following table summarizes the investment yields other information of the City’s investment portfolio components, along with comparable-maturity market indices. Also shown are the monthly interest income and aggregate year-to-date income.

Current Month
7/31/2023
Investment Yield
Liquidity Portfolio1 5.27%
LAIF average monthly yield 3.31%

Securities Portfolio2 2.41%
ICE BAML 1-5 US Treasury Index (24-month rolling average market yield) 2.95% ICE BAML 1-5 AAA-A US Corporate & Government Index (24-month rolling average market yield) 3.08%

City Portfolio (Liquidity + Securities) 2.95%

Investment Total Return*
Securities Portfolio 0.32%
ICE BAML 1-5 US Treasury Index 0.30%
ICE BAML 1-5 AAA-A US Corporate & Government Index 0.36%

Average Maturity of Investments (in years)
Liquidity Portfolio1 0.11
Securities Portfolio2 2.64
City Portfolio (Liquidity + Securities) 2.29
ICE BAML 1-5 US Treasury Index 2.72
ICE BAML 1-5 AAA-A US Corporate & Government Index 2.74

Interest Income Current Month3 $ 1,790,679
Interest Income Fiscal Year-To-Date3 $ 1,790,679

1. Consists of CAMP Pool, CAMP Tern, LAIF, Dreyfus Traffic Mitigation Fund, & Principal Sweep Account

2. Core long term portfolio managed by PFM Asset Management

3. Cash basis
* Total rate of return including earnings, distributions, and capital appreciation/depreciation of all portfolio assets

5 CITY OF SANTA CLARA
SUMMARY OF INVESTMENTS JULY 31, 2023

PER
COST % OF INVESTMENT

INVESTMENT TYPE VALUE PORTFOLIO POLICY

U.S. Treasury Notes 403,956,403 42.34% No Limit Federal Agency Notes 118,232,842 12.39% 80% Corporate Notes 187,963,196 19.70% 25%
Municipal Bonds 2,715,000 0.28% 20%
Supranational Obligations 11,056,812 1.16% 20% Asset-Backed Securities 14,498,988 1.52% 10% Negotiable Certificates of Deposit 14,770,000 1.55% 30% Mortgage-Backed Securities 26,345,111 2.77% 15% Money Market Fund 19,905 0.00% 10% Per Fund Local Agency Investment Fund (LAIF) 5,761,429 0.60% $75 M California Asset Management Program (CAMP) 166,485,101 17.46% No Limit Mutual Fund - Traffic Mitigation Bond Proceeds 2,239,855 0.23% 10% Per Fund TOTAL INVESTMENTS $ 954,044,642 100.00%

6 MATURITY

INVESTMENT MATURITY DISTRIBUTION
AS OF J ULY 31, 2023

UNRESTRICTED POOLED PORTFOLIO

NUMBER OF

IIN MONTHS) COST VALUE INVESTMENTS DISTRIBUTION
DEMAND $ 115,266,435 (a) 3 12.11%
0 TO 6 69,397,063 5 7.29%
7 TO 12 96,640,178 18 10.15%
13 TO 18 98,238,856 16 10.32%
19 TO 24 106,330,914 18 11.17%
25 TO 30 85,738,752 19 9.01%
31 TO 36 81,756,315 17 8.59%
37 TO 42 49 ,851,961 10 5.24%
43 TO 48 52,170,931 12 5.48%
49 TO 54 93,912,737 12 9.87%
55 TO 60 102,500,645 18 10.77%
TOTAL $ 951,804,787 148 100.00%
Average Maturity of Unrestricted Pool: 2.29 Yea,s
(a) $20 million is earmarked for the City's Electric Utility power-trading. 24%
22%
20%
18%
16%
Q)
"' ~
Q)
14%
~
Q)
Cl. 12% C: 0
~
.0
E .!<?
0 10%
8%
6%
4%
2%

INVESTMENT MATURITY DISTRIBUTION

UNRESTRICTED POOLED PORTFOLIO
ASOF JULY 31, 2023
Maturity (Months)
City of Santa Clara Monthly Report
7/31/2023
Description Issue Date Coupon Rate Maturity Date CUSIP Par Value S&P Rating Settle Date Cost Value YTM at Cost Market Value Unrealized G/L UNITED STATES TREASURY 1/15/2021 0.125% 1/15/2024 91282CBE0 720,000.00 AA+ 7/14/2021 717,425.69 0.33% 703,375.20 -14,050.49 UNITED STATES TREASURY 1/31/2019 2.500% 1/31/2024 9128285Z9 5,000,000.00 AA+ 4/14/2020 5,407,421.88 0.34% 4,928,700.00 -478,721.88 UNITED STATES TREASURY 2/28/2019 2.375% 2/29/2024 9128286G0 5,395,000.00 AA+ 4/25/2023 5,285,835.55 4.84% 5,302,259.95 16,424.40 UNITED STATES TREASURY 2/28/2017 2.125% 2/29/2024 912828W48 1,625,000.00 AA+ 4/15/2021 1,637,941.42 0.31% 1,594,791.25 -43,150.17 UNITED STATES TREASURY 4/15/2021 0.375% 4/15/2024 91282CBV2 5,415,000.00 AA+ 10/15/2021 5,397,443.55 0.51% 5,228,236.65 -169,206.90 UNITED STATES TREASURY 4/30/2019 2.250% 4/30/2024 9128286R6 3,825,000.00 AA+ 3/25/2022 3,827,838.87 2.21% 3,736,986.75 -90,852.12 UNITED STATES TREASURY 5/1/2017 2.000% 4/30/2024 912828X70 5,000,000.00 AA+ 5/16/2019 4,952,734.38 2.20% 4,876,550.00 -76,184.38 UNITED STATES TREASURY 5/15/2014 2.500% 5/15/2024 912828WJ5 6,050,000.00 AA+ 8/16/2019 6,332,174.65 1.48% 5,914,359.00 -417,815.65 UNITED STATES TREASURY 6/30/2019 1.750% 6/30/2024 9128286Z8 7,250,000.00 AA+ 12/12/2019 7,253,398.44 1.74% 7,016,332.50 -237,065.94 UNITED STATES TREASURY 6/30/2017 2.000% 6/30/2024 912828XX3 5,000,000.00 AA+ 8/29/2019 5,136,328.13 1.41% 4,849,050.00 -287,278.13 UNITED STATES TREASURY 7/15/2021 0.375% 7/15/2024 91282CCL3 5,250,000.00 AA+ 9/10/2021 5,246,718.75 0.40% 5,008,027.50 -238,691.25 UNITED STATES TREASURY 7/31/2017 2.125% 7/31/2024 9128282N9 5,000,000.00 AA+ 9/10/2019 5,133,315.75 1.56% 4,843,350.00 -289,965.75 UNITED STATES TREASURY 8/31/2017 1.875% 8/31/2024 9128282U3 2,985,000.00 AA+ 3/10/2020 3,149,640.66 0.62% 2,875,749.00 -273,891.66 UNITED STATES TREASURY 8/31/2019 1.250% 8/31/2024 912828YE4 4,750,000.00 AA+ 1/5/2021 4,928,867.19 0.21% 4,545,180.00 -383,687.19 UNITED STATES TREASURY 10/31/2017 2.250% 10/31/2024 9128283D0 10,000,000.00 AA+ 11/18/2019 10,290,625.00 1.64% 9,634,800.00 -655,825.00 UNITED STATES TREASURY 11/30/2017 2.125% 11/30/2024 9128283J7 5,000,000.00 AA+ 1/6/2020 5,118,945.31 1.62% 4,799,800.00 -319,145.31 UNITED STATES TREASURY 1/2/2018 2.250% 12/31/2024 9128283P3 10,000,000.00 AA+ 1/7/2020 10,300,781.25 1.62% 9,598,400.00 -702,381.25 UNITED STATES TREASURY 1/15/2022 1.125% 1/15/2025 91282CDS7 2,095,000.00 AA+ 4/12/2022 2,007,026.37 2.71% 1,976,171.60 -30,854.77 UNITED STATES TREASURY 1/31/2020 1.375% 1/31/2025 912828Z52 1,950,000.00 AA+ 5/7/2021 2,013,146.48 0.50% 1,844,115.00 -169,031.48 UNITED STATES TREASURY 1/31/2020 1.375% 1/31/2025 912828Z52 5,000,000.00 AA+ 4/22/2020 5,238,671.88 0.37% 4,728,500.00 -510,171.88 UNITED STATES TREASURY 2/28/2018 2.750% 2/28/2025 9128283Z1 6,200,000.00 AA+ 3/6/2020 6,850,757.82 0.61% 5,980,334.00 -870,423.82 UNITED STATES TREASURY 8/31/2020 0.250% 8/31/2025 91282CAJ0 4,120,000.00 AA+ 8/2/2021 4,075,581.25 0.52% 3,748,540.80 -327,040.45 UNITED STATES TREASURY 10/31/2020 0.250% 10/31/2025 91282CAT8 5,510,000.00 AA+ 6/7/2022 5,024,216.04 3.00% 4,984,841.90 -39,374.14 UNITED STATES TREASURY 10/31/2020 0.250% 10/31/2025 91282CAT8 5,400,000.00 AA+ 10/7/2021 5,285,882.81 0.78% 4,885,326.00 -400,556.81 UNITED STATES TREASURY 11/30/2020 0.375% 11/30/2025 91282CAZ4 4,450,000.00 AA+ 11/4/2021 4,327,625.00 1.07% 4,026,404.50 -301,220.50 UNITED STATES TREASURY 12/31/2020 0.375% 12/31/2025 91282CBC4 3,820,000.00 AA+ 5/3/2021 3,751,956.25 0.76% 3,450,529.60 -301,426.65 UNITED STATES TREASURY 1/31/2021 0.375% 1/31/2026 91282CBH3 7,735,000.00 AA+ 2/25/2022 7,305,949.22 1.84% 6,961,500.00 -344,449.22 UNITED STATES TREASURY 1/31/2021 0.375% 1/31/2026 91282CBH3 4,050,000.00 AA+ 1/6/2022 3,906,351.56 1.27% 3,645,000.00 -261,351.56 UNITED STATES TREASURY 1/31/2021 0.375% 1/31/2026 91282CBH3 8,025,000.00 AA+ 11/30/2021 7,817,478.52 1.01% 7,222,500.00 -594,978.52 UNITED STATES TREASURY 1/31/2021 0.375% 1/31/2026 91282CBH3 8,710,000.00 AA+ 5/3/2022 7,905,345.70 3.00% 7,839,000.00 -66,345.70 UNITED STATES TREASURY 2/28/2021 0.500% 2/28/2026 91282CBQ3 5,175,000.00 AA+ 12/7/2021 5,067,214.15 1.15% 4,659,518.25 -407,695.90 UNITED STATES TREASURY 2/28/2021 0.500% 2/28/2026 91282CBQ3 3,575,000.00 AA+ 8/31/2021 3,542,880.86 0.70% 3,218,894.25 -323,986.61 UNITED STATES TREASURY 5/31/2021 0.750% 5/31/2026 91282CCF6 9,250,000.00 AA+ 6/8/2022 8,477,480.47 2.99% 8,324,630.00 -152,850.47 UNITED STATES TREASURY 5/31/2021 0.750% 5/31/2026 91282CCF6 5,860,000.00 AA+ 3/21/2022 5,520,989.84 2.20% 5,273,765.60 -247,224.24 UNITED STATES TREASURY 8/15/2016 1.500% 8/15/2026 9128282A7 5,350,000.00 AA+ 8/15/2022 5,033,388.67 3.08% 4,897,978.50 -135,410.17 UNITED STATES TREASURY 9/30/2021 0.875% 9/30/2026 91282CCZ2 8,500,000.00 AA+ 4/5/2022 7,878,769.53 2.61% 7,616,765.00 -262,004.53 UNITED STATES TREASURY 10/31/2021 1.125% 10/31/2026 91282CDG3 5,700,000.00 AA+ 8/8/2022 5,267,601.56 3.05% 5,134,218.00 -133,383.56 UNITED STATES TREASURY 11/15/2016 2.000% 11/15/2026 912828U24 8,840,000.00 AA+ 6/8/2022 8,472,242.19 3.01% 8,184,248.80 -287,993.39 UNITED STATES TREASURY 12/31/2021 1.250% 12/31/2026 91282CDQ1 5,340,000.00 AA+ 4/14/2022 5,000,617.97 2.69% 4,812,675.00 -187,942.97 UNITED STATES TREASURY 2/15/2017 2.250% 2/15/2027 912828V98 7,910,000.00 AA+ 7/7/2022 7,705,452.34 2.85% 7,361,283.30 -344,169.04 UNITED STATES TREASURY 2/15/2017 2.250% 2/15/2027 912828V98 5,400,000.00 AA+ 6/13/2022 5,159,109.38 3.29% 5,025,402.00 -133,707.38 UNITED STATES TREASURY 2/15/2017 2.250% 2/15/2027 912828V98 2,100,000.00 AA+ 4/20/2022 2,040,691.41 2.88% 1,954,323.00 -86,368.41 UNITED STATES TREASURY 3/31/2022 2.500% 3/31/2027 91282CEF4 940,000.00 AA+ 11/30/2022 883,159.38 4.03% 881,400.40 -1,758.98 UNITED STATES TREASURY 4/30/2020 0.500% 4/30/2027 912828ZN3 7,000,000.00 AA+ 8/3/2022 6,262,812.50 2.89% 6,077,400.00 -185,412.50 8/11/2023 4:19 PM 1 of 5
Attachment A
City of Santa Clara Monthly Report
7/31/2023
Description Issue Date Coupon Rate Maturity Date CUSIP Par Value S&P Rating Settle Date Cost Value YTM at Cost Market Value Unrealized G/L UNITED STATES TREASURY 5/15/2017 2.375% 5/15/2027 912828X88 5,400,000.00 AA+ 8/8/2022 5,248,546.88 3.01% 5,028,966.00 -219,580.88 UNITED STATES TREASURY 6/30/2020 0.500% 6/30/2027 912828ZV5 5,675,000.00 AA+ 8/15/2022 5,034,789.06 3.00% 4,901,781.25 -133,007.81 UNITED STATES TREASURY 7/31/2022 2.750% 7/31/2027 91282CFB2 10,800,000.00 AA+ 9/14/2022 10,392,046.88 3.60% 10,183,644.00 -208,402.88 UNITED STATES TREASURY 8/15/2017 2.250% 8/15/2027 9128282R0 11,115,000.00 AA+ 9/6/2022 10,537,975.20 3.40% 10,273,149.90 -264,825.30 UNITED STATES TREASURY 9/30/2022 4.125% 9/30/2027 91282CFM8 3,785,000.00 AA+ 11/3/2022 3,760,308.79 4.27% 3,760,170.40 -138.39 UNITED STATES TREASURY 10/31/2020 0.500% 10/31/2027 91282CAU5 21,480,000.00 AA+ 1/6/2023 18,292,401.56 3.91% 18,355,304.40 62,902.84 UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU0 4,750,000.00 AA+ 1/31/2023 4,833,310.55 3.72% 4,719,742.50 -113,568.05 UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU0 5,100,000.00 AA+ 12/13/2022 5,165,343.75 3.83% 5,067,513.00 -97,830.75 UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU0 10,930,000.00 AA+ 12/8/2022 11,081,995.31 3.81% 10,860,375.90 -221,619.41 UNITED STATES TREASURY 12/31/2022 3.875% 12/31/2027 91282CGC9 7,325,000.00 AA+ 2/8/2023 7,333,583.98 3.85% 7,213,440.25 -120,143.73 UNITED STATES TREASURY 12/31/2022 3.875% 12/31/2027 91282CGC9 4,850,000.00 AA+ 2/2/2023 4,906,078.13 3.62% 4,776,134.50 -129,943.63 UNITED STATES TREASURY 12/31/2022 3.875% 12/31/2027 91282CGC9 8,255,000.00 AA+ 1/31/2023 8,320,459.57 3.70% 8,129,276.35 -191,183.22 UNITED STATES TREASURY 1/31/2021 0.750% 1/31/2028 91282CBJ9 5,815,000.00 AA+ 2/7/2023 5,009,758.79 3.83% 4,989,793.35 -19,965.44 UNITED STATES TREASURY 1/31/2023 3.500% 1/31/2028 91282CGH8 7,505,000.00 AA+ 5/16/2023 7,508,517.97 3.49% 7,279,549.80 -228,968.17 UNITED STATES TREASURY 2/28/2023 4.000% 2/29/2028 91282CGP0 7,360,000.00 AA+ 5/16/2023 7,532,500.00 3.46% 7,293,907.20 -238,592.80 UNITED STATES TREASURY 2/28/2023 4.000% 2/29/2028 91282CGP0 6,600,000.00 AA+ 3/7/2023 6,526,781.25 4.25% 6,540,732.00 13,950.75 UNITED STATES TREASURY 3/31/2021 1.250% 3/31/2028 91282CBS9 5,470,000.00 AA+ 5/10/2023 4,912,530.08 3.54% 4,787,508.10 -125,021.98 UNITED STATES TREASURY 3/31/2021 1.250% 3/31/2028 91282CBS9 5,820,000.00 AA+ 5/9/2023 5,236,408.59 3.50% 5,093,838.60 -142,569.99 UNITED STATES TREASURY 3/31/2023 3.625% 3/31/2028 91282CGT2 5,765,000.00 AA+ 5/4/2023 5,816,569.73 3.42% 5,622,662.15 -193,907.58 UNITED STATES TREASURY 3/31/2023 3.625% 3/31/2028 91282CGT2 5,030,000.00 AA+ 5/2/2023 5,023,712.50 3.65% 4,905,809.30 -117,903.20 UNITED STATES TREASURY 4/30/2023 3.500% 4/30/2028 91282CHA2 5,075,000.00 AA+ 5/2/2023 5,042,488.28 3.64% 4,922,547.00 -119,941.28 UNITED STATES TREASURY 5/31/2023 3.625% 5/31/2028 91282CHE4 11,735,000.00 AA+ 6/5/2023 11,695,577.73 3.70% 11,454,416.15 -241,161.58 UNITED STATES TREASURY 6/30/2023 4.000% 6/30/2028 91282CHK0 11,300,000.00 AA+ 7/10/2023 11,117,699.22 4.36% 11,209,035.00 91,335.78 UNITED STATES TREASURY 6/30/2023 4.000% 6/30/2028 91282CHK0 1,700,000.00 AA+ 7/3/2023 1,687,183.59 4.17% 1,686,315.00 -868.59 U.S. Treasury Bond / Note Subtotal 414,910,000.00 403,956,403.01 389,226,825.40 -14,729,577.61 FANNIE MAE 7/8/2019 1.750% 7/2/2024 3135G0V75 15,000,000.00 AA+ 12/18/2019 15,566,089.75 0.90% 14,501,850.00 -1,064,239.75 FANNIE MAE 1/10/2020 1.625% 1/7/2025 3135G0X24 7,500,000.00 AA+ 1/22/2020 7,499,025.00 1.63% 7,134,300.00 -364,725.00 FANNIE MAE 4/24/2020 0.625% 4/22/2025 3135G03U5 10,000,000.00 AA+ 5/7/2020 10,050,600.00 0.52% 9,269,800.00 -780,800.00 FANNIE MAE 11/12/2020 0.500% 11/7/2025 3135G06G3 1,860,000.00 AA+ 12/29/2020 1,864,929.00 0.44% 1,688,080.20 -176,848.80 FNMA Medium Term Note Subtotal 34,360,000.00 34,980,643.75 32,594,030.20 -2,386,613.55 FEDERAL FARM CREDIT BANKS 2/27/2019 2.610% 2/27/2024 3133EKBW5 5,000,000.00 AA+ 3/20/2019 5,033,150.00 2.47% 4,920,150.00 -113,000.00 FEDERAL FARM CREDIT BANKS 4/22/2019 2.450% 7/22/2024 3133EKHV1 5,000,000.00 AA+ 9/4/2019 5,250,650.00 1.38% 4,864,100.00 -386,550.00 FEDERAL FARM CREDIT BANKS 11/1/2019 1.650% 11/1/2024 3133EK4Y9 5,000,000.00 AA+ 11/8/2019 4,962,850.00 1.81% 4,784,350.00 -178,500.00 FEDERAL FARM CREDIT BANKS 1/23/2020 1.650% 1/23/2025 3133ELJM7 7,320,000.00 AA+ 5/18/2020 7,689,367.20 0.56% 6,946,680.00 -742,687.20 FEDERAL FARM CREDIT BANKS 5/14/2020 0.500% 5/14/2025 3133ELZM9 10,000,000.00 AA+ 5/15/2020 9,982,800.00 0.53% 9,240,200.00 -742,600.00 FEDERAL FARM CREDIT BANKS 6/9/2020 0.500% 6/9/2025 3133ELH23 10,000,000.00 AA+ 6/12/2020 9,997,540.00 0.50% 9,222,300.00 -775,240.00 FFCB Medium Term Note Subtotal 42,320,000.00 42,916,357.20 39,977,780.00 -2,938,577.20 FEDERAL FARM CREDIT BANKS 7/2/2020 0.500% 7/2/2025 3133ELR71 10,000,000.00 AA+ 7/14/2020 10,017,640.00 0.46% 9,193,400.00 -824,240.00 FFCB Coupon Note Subtotal 10,000,000.00 10,017,640.00 9,193,400.00 -824,240.00 8/11/2023 4:19 PM 2 of 5
Attachment A
City of Santa Clara Monthly Report
7/31/2023
Description Issue Date Coupon Rate Maturity Date CUSIP Par Value S&P Rating Settle Date Cost Value YTM at Cost Market Value Unrealized G/L FEDERAL HOME LOAN BANKS 5/8/2014 2.875% 6/14/2024 3130A1XJ2 5,000,000.00 AA+ 11/20/2019 5,270,205.00 1.64% 4,891,600.00 -378,605.00 FEDERAL HOME LOAN BANKS 11/6/2014 2.750% 12/13/2024 3130A3GE8 5,000,000.00 AA+ 3/12/2020 5,461,300.00 0.77% 4,834,100.00 -627,200.00 FHLB Medium Term Note Subtotal 10,000,000.00 10,731,505.00 9,725,700.00 -1,005,805.00 FREDDIE MAC 2/14/2020 1.500% 2/12/2025 3137EAEP0 5,000,000.00 AA+ 5/20/2020 5,226,960.00 0.53% 4,735,950.00 -491,010.00 FREDDIE MAC 8/30/2022 4.050% 8/28/2025 3134GXS54 5,000,000.00 AA+ 8/30/2022 4,998,000.00 4.06% 4,885,300.00 -112,700.00 FREDDIE MAC 9/25/2020 0.375% 9/23/2025 3137EAEX3 9,390,000.00 AA+ 9/25/2020 9,361,736.10 0.44% 8,543,209.80 -818,526.30 FHLMC Medium Term Note Subtotal 19,390,000.00 19,586,696.10 18,164,459.80 -1,422,236.30 FANNIEMAE-ACES 7/1/2023 4.190% 7/1/2028 3136BQDE6 7,600,000.00 AA+ 7/31/2023 7,471,156.25 4.58% 7,600,000.00 128,843.75

FHLMC MULTIFAMILY
STRUCTURED P 1/30/2017 3.347% 11/1/2026 3137BTUM1 5,354,000.00 AA+ 5/24/2023 5,189,197.19 4.31% 5,079,072.10 -110,125.09

FHLMC MULTIFAMILY
STRUCTURED P 7/1/2023 4.819% 6/1/2028 3137HACX2 7,500,000.00 AA+ 7/20/2023 7,574,910.00 4.59% 7,517,850.00 -57,060.00

FHLMC MULTIFAMILY
STRUCTURED P 7/1/2023 4.777% 6/1/2028 3137HAD45 6,110,000.00 AA+ 7/27/2023 6,109,847.25 4.78% 6,071,507.00 -38,340.25 Federal Agency Commercial Mortgage-Backed Security Subtotal 26,564,000.00 26,345,110.69 26,268,429.10 -76,681.59

INTER-AMERICAN
DEVELOPMENT BANK 9/23/2021 0.500% 9/23/2024 4581X0DZ8 11,065,000.00 AAA 9/23/2021 11,056,811.90 0.52% 10,462,400.10 -594,411.80 Supranational Subtotal 11,065,000.00 11,056,811.90 10,462,400.10 -594,411.80

LOS ANGELES COMMUNITY
COLLEGE DISTRICT C 11/10/2020 0.773% 8/1/2025 54438CYK2 2,715,000.00 AA+ 11/10/2020 2,715,000.00 0.77% 2,480,071.05 -234,928.95 Municipals Subtotal 2,715,000.00 2,715,000.00 2,480,071.05 -234,928.95 3M COMPANY 9/14/2018 3.250% 2/14/2024 88579YBB6 5,000,000.00 A- 11/29/2021 5,241,250.00 1.03% 4,943,700.00 -297,550.00 3M COMPANY 3/27/2020 2.650% 4/15/2025 88579YBM2 2,560,000.00 A- 4/25/2022 2,511,616.00 3.32% 2,444,416.00 -67,200.00 ADOBE INC 1/26/2015 3.250% 2/1/2025 00724FAC5 4,000,000.00 A+ 1/26/2022 4,183,680.00 1.68% 3,889,760.00 -293,920.00 ALPHABET INC 8/9/2016 1.998% 8/15/2026 02079KAC1 5,740,000.00 AA+ 1/30/2023 5,354,386.80 4.05% 5,316,847.20 -37,539.60 AMAZON.COM INC 5/12/2021 0.450% 5/12/2024 023135BW5 4,000,000.00 AA 3/14/2022 3,932,438.89 1.94% 3,846,000.00 -86,438.89 AMAZON.COM INC 5/12/2021 0.450% 5/12/2024 023135BW5 245,000.00 AA 5/12/2021 244,642.30 0.50% 235,567.50 -9,074.80 AMAZON.COM INC 4/13/2022 3.300% 4/13/2027 023135CF1 6,715,000.00 AA 4/25/2022 6,672,964.10 3.44% 6,401,342.35 -271,621.75 APPLE INC 11/13/2017 2.750% 1/13/2025 037833DF4 5,000,000.00 AA+ 3/29/2021 5,355,200.00 0.84% 4,838,200.00 -517,000.00 APPLE INC 11/13/2017 2.750% 1/13/2025 037833DF4 5,000,000.00 AA+ 3/9/2021 5,340,100.00 0.94% 4,838,200.00 -501,900.00 BANK OF AMERICA 4/19/2016 3.500% 4/19/2026 06051GFX2 4,140,000.00 A- 1/25/2023 4,019,070.60 4.48% 3,974,275.80 -44,794.80 BANK OF AMERICA CORP 3/22/2022 3.384% 4/2/2026 06051GKM0 5,000,000.00 A- 3/22/2022 5,005,100.00 3.36% 4,809,250.00 -195,850.00 BANK OF AMERICA CORP 4/22/2021 1.734% 7/22/2027 06051GJS9 1,420,000.00 A- 8/10/2022 1,281,251.80 3.92% 1,272,291.60 -8,960.20 BANK OF NY MELLON CORP 1/28/2021 0.750% 1/28/2026 06406RAQ0 9,000,000.00 A 2/10/2021 9,025,920.00 0.69% 8,106,120.00 -919,800.00 BLACKROCK INC 3/28/2017 3.200% 3/15/2027 09247XAN1 4,140,000.00 AA- 5/18/2022 4,086,055.80 3.50% 3,944,964.60 -141,091.20 BLACKROCK INC 3/28/2017 3.200% 3/15/2027 09247XAN1 4,140,000.00 AA- 5/18/2022 4,085,352.00 3.50% 3,944,964.60 -140,387.40 BRISTOL-MYERS SQUIBB CO 11/13/2020 0.750% 11/13/2025 110122DN5 5,725,000.00 A+ 6/30/2021 5,672,673.50 0.96% 5,226,123.50 -446,550.00

CATERPILLAR FINANCIAL
SERVICES CORP 1/10/2022 0.950% 1/10/2024 14913R2S5 3,100,000.00 A 3/14/2022 3,045,409.00 1.94% 3,038,527.00 -6,882.00 8/11/2023 4:19 PM 3 of 5
Attachment A
City of Santa Clara Monthly Report
7/31/2023
Description Issue Date Coupon Rate Maturity Date CUSIP Par Value S&P Rating Settle Date Cost Value YTM at Cost Market Value Unrealized G/L

CATERPILLAR FINANCIAL
SERVICES CORP 1/10/2022 0.950% 1/10/2024 14913R2S5 2,535,000.00 A 1/10/2022 2,534,594.40 0.96% 2,484,730.95 -49,863.45 ELI LILLY & CO 3/5/2015 2.750% 6/1/2025 532457BH0 5,415,000.00 A+ 2/10/2022 5,559,255.60 1.91% 5,202,082.20 -357,173.40 HERSHEY COMPANY 8/21/2015 3.200% 8/21/2025 427866AU2 3,000,000.00 A 3/30/2022 3,014,040.00 3.05% 2,895,120.00 -118,920.00 HOME DEPOT INC 9/14/2017 2.800% 9/14/2027 437076BT8 7,805,000.00 A 1/27/2023 7,364,719.95 4.15% 7,272,620.95 -92,099.00 HONEYWELL INTERNATIONAL 5/18/2020 1.350% 6/1/2025 438516CB0 2,255,000.00 A 3/22/2022 2,181,960.55 2.41% 2,116,903.80 -65,056.75 HONEYWELL INTERNATIONAL 5/18/2020 1.350% 6/1/2025 438516CB0 5,000,000.00 A 9/8/2021 5,097,900.00 0.82% 4,693,800.00 -404,100.00 JOHN DEERE CAPITAL CORP 6/17/2021 1.050% 6/17/2026 24422EVR7 5,000,000.00 A 12/8/2021 4,908,600.00 1.47% 4,500,200.00 -408,400.00 JOHN DEERE CAPITAL CORP 7/14/2023 4.950% 7/14/2028 24422EXB0 605,000.00 A 7/18/2023 610,874.55 4.73% 609,452.79 -1,421.76 JOHN DEERE CAPITAL CORP 7/14/2023 4.950% 7/14/2028 24422EXB0 505,000.00 A 7/14/2023 504,247.55 4.98% 508,716.81 4,469.26 JOHNSON & JOHNSON 8/25/2020 0.550% 9/1/2025 478160CN2 5,000,000.00 AAA 9/3/2020 5,023,550.00 0.45% 4,583,000.00 -440,550.00 JPMORGAN CHASE & CO 9/16/2020 0.653% 9/16/2024 46647PBS4 2,675,000.00 A- 9/16/2020 2,675,000.00 0.65% 2,656,515.75 -18,484.25 JPMORGAN CHASE & CO 8/10/2021 0.768% 8/9/2025 46647PCM6 2,340,000.00 A- 8/10/2021 2,340,000.00 0.77% 2,214,973.80 -125,026.20 JPMORGAN CHASE & CO 3/13/2020 2.005% 3/13/2026 46647PBH8 2,800,000.00 A- 3/22/2022 2,712,500.00 2.84% 2,641,520.00 -70,980.00 JPMORGAN CHASE & CO 4/22/2021 1.578% 4/22/2027 46647PCB0 4,100,000.00 A- 8/10/2022 3,710,746.00 3.80% 3,691,312.00 -19,434.00 MASTERCARD INC 12/3/2019 2.000% 3/3/2025 57636QAN4 5,000,000.00 A+ 3/10/2022 4,990,800.00 2.06% 9,530,800.00 4,540,000.00 MASTERCARD INC 12/3/2019 2.000% 3/3/2025 57636QAN4 5,000,000.00 A+ 3/9/2021 5,213,450.00 0.91% -5,213,450.00 MERCK & CO INC 3/7/2019 2.900% 3/7/2024 58933YAU9 5,375,000.00 A+ 11/23/2021 5,623,916.25 0.85% 5,290,881.25 -333,035.00 MICROSOFT CORP 2/12/2015 2.700% 2/12/2025 594918BB9 5,000,000.00 AAA 3/9/2021 5,341,700.00 0.92% 4,827,900.00 -513,800.00 MICROSOFT CORP 11/3/2015 3.125% 11/3/2025 594918BJ2 5,100,000.00 AAA 1/25/2023 4,940,982.00 4.33% 4,918,593.00 -22,389.00 NOVARTIS CAPITAL CORP 11/20/2015 3.000% 11/20/2025 66989HAJ7 10,000,000.00 AA- 1/31/2023 9,638,600.00 4.38% 9,587,200.00 -51,400.00 QUALCOMM INC 5/20/2015 3.450% 5/20/2025 747525AF0 5,850,000.00 A 5/19/2022 5,860,588.50 3.39% 5,679,472.50 -181,116.00 STATE STREET BANK & TR 2/7/2022 1.746% 2/6/2026 857477BR3 1,115,000.00 A 2/7/2022 1,115,000.00 1.75% 1,045,513.20 -69,486.80 STATE STREET BANK & TR 10/29/2020 2.901% 3/30/2026 857477BM4 4,250,000.00 A 3/14/2022 4,275,372.50 2.74% 4,067,547.50 -207,825.00 TARGET CORP 1/24/2022 1.950% 1/15/2027 87612EBM7 4,595,000.00 A 2/1/2022 4,567,889.50 2.08% 4,217,796.45 -350,093.05 TARGET CORP 1/24/2022 1.950% 1/15/2027 87612EBM7 990,000.00 A 1/24/2022 988,317.00 1.99% 908,730.90 -79,586.10 TOYOTA MOTOR CREDIT CORP 1/11/2021 0.450% 1/11/2024 89236THU2 6,100,000.00 A+ 1/11/2021 6,099,634.00 0.45% 5,970,985.00 -128,649.00 WAL-MART STORES INC 6/27/2018 3.550% 6/26/2025 931142ED1 5,700,000.00 AA 2/8/2022 6,011,847.00 1.87% 5,561,889.00 -449,958.00 Corporate Note Subtotal 188,035,000.00 187,963,196.14 178,748,808.00 -9,214,388.14 BANK OF AMERICA AUTO TRUST 7/31/2023 5.530% 2/15/2028 06428AAC2 3,120,000.00 NR 7/31/2023 3,119,881.75 5.53% 3,120,000.00 118.25 CARMAX AUTO OWNER TRUST 4/21/2021 0.520% 2/17/2026 14314QAC8 1,460,152.32 AAA 4/21/2021 1,459,837.68 0.52% 1,413,836.30 -46,001.38

DISCOVER CARD EXECUTION
NOTE TRUST 9/27/2021 0.580% 9/15/2026 254683CP8 2,100,000.00 AAA 9/27/2021 2,099,550.39 0.58% 1,984,773.00 -114,777.39

HONDA AUTO RECEIVABLES
OWNER T 11/24/2021 0.880% 1/21/2026 43815GAC3 1,574,467.26 NR 11/24/2021 1,574,135.36 0.89% 1,516,778.78 -57,356.58

HYUNDAI AUTO RECEIVABLES
TRUST 4/28/2021 0.380% 9/15/2025 44933LAC7 846,233.59 AAA 4/28/2021 846,144.57 0.38% 825,509.33 -20,635.24

HYUNDAI AUTO RECEIVABLES
TRUST 11/17/2021 0.740% 5/15/2026 44935FAD6 1,217,415.31 AAA 11/17/2021 1,217,143.59 0.75% 1,173,198.79 -43,944.80 KUBOTA CREDIT OWNER TRUST 7/26/2023 5.280% 1/18/2028 500945AC4 1,925,000.00 NR 7/26/2023 1,924,513.75 5.29% 1,916,722.50 -7,791.25

TOYOTA AUTO RECEIVABLES
OWNER 9/27/2021 0.430% 1/15/2026 89239BAC5 2,257,960.67 AAA 9/27/2021 2,257,780.71 0.43% 2,177,667.59 -80,113.12 Asset-Backed Security Subtotal 14,501,229.15 14,498,987.80 14,128,486.29 -370,501.51 8/11/2023 4:19 PM 4 of 5
Attachment A
City of Santa Clara Monthly Report
7/31/2023
Description Issue Date Coupon Rate Maturity Date CUSIP Par Value S&P Rating Settle Date Cost Value YTM at Cost Market Value Unrealized G/L COOPERATIEVE RABOBANK U.A. 7/20/2023 5.080% 7/17/2026 21684LGS5 7,500,000.00 A+ 7/20/2023 7,500,000.00 5.08% 7,529,400.00 29,400.00 TORONTO DOMINION BANK NY 10/31/2022 5.470% 10/25/2024 89115B6F2 7,270,000.00 A 10/31/2022 7,270,000.00 5.44% 7,267,310.10 -2,689.90 Certificate of Deposit Subtotal 14,770,000.00 14,770,000.00 14,796,710.10 26,710.10

PRINCIPAL PUBLIC DEPOSIT
SWEEP PROGRAM 2.700% 8/1/2023 992995944 19,905.51 9/1/2020 19,905.51 19,905.51 -

LOCAL AGENCY INVESTMENT
FUND 3.305% 8/1/2023 5,761,428.75 9/30/1997 5,761,428.75 5,761,428.75 -

CALIFORNIA ASSET
MANAGEMENT PROGRAM 5.310% 8/1/2023 109,485,101.44 10/4/2022 109,485,101.44 109,485,101.44 -

CALIFORNIA ASSET
MANAGEMENT PROGRAM TERM 5.410% 9/6/2023 57,000,000.00 6/6/2023 57,000,000.00 57,000,000.00 - DREYFUS TREASURY 5.030% 8/1/2023 2,239,854.55 10/31/1997 2,239,854.55 2,239,854.55 - Cash Equivalent Subtotal 174,506,290.25 174,506,290.25 174,506,290.25 - Grand Total Count 149 963,136,519.40 954,044,641.84 920,273,390.29 (33,771,251.55) 8/11/2023 4:19 PM 5 of 5
Attachment A

_____________________________________________________________________

MONTHLY FINANCIAL STATUS REPORT

August 2023

City of
Santa Clara
The Center of What 's Possible

1 City of Santa Clara
Financial Status Report as of August 31, 2023

This report summarizes the City’s financial performance for the month ended August 31, 2023.

Financial analysis for the report is provided for the General Fund, select Special Revenue Funds, Enterprise Operating Funds, and Capital Improvement Funds. Financial information included in this report is unaudited.

Economic Outlook
Economic indicators are mixed, and there continues to be uncertainty regarding the economic outlook.

Given this level of uncertainty, the December 2022, March 2023 and June 2023 UCLA Anderson Forecasts presented a two-scenario approach: recession scenario and no recession scenario. The recession scenario predicts a recession occurring at the end of 2023, where “inflation would have continued to come down too slowly if not for the continued Federal Reserve rate hikes. In this scenario, the Federal Reserve forces a mild recession and accepts an economic contraction and higher unemployment to combat inflation.” In the no recession scenario, “economic growth slows but remains positive, inflation ebbs, labor markets slacken mildly, just enough to quell wage inflation, and the Federal Reserve eases its approach to monetary policy tightening”.1 Real GDP Levels, US$ Trillions, Chained 2012 Prices, Seasonally Adjusted Rates

Source: UCLA Anderson Forecast and U.S. Bureau of Economic Analysis In its September 2023 Forecast, The Conference Board predicts a very short and shallow recession early next year. “This outlook is associated with numerous factors, including, elevated inflation, high interest rates, dissipating pandemic savings, mounting consumer debt, lower government spending, and the resumption of mandatory student loan repayments. We forecast that real GDP will grow by 2.2 percent in 2023, and then fall to 0.8 percent in 2024.” 2 1 UCLA Anderson Forecast, June 2023, “The More Things Change the More They Stay the Same: Recession or No Recession is Still the Question”
2 https:///www.conference-board.org/research/us-forecast

US$ Trillions

21.2 21.0

20.8 20.6

20.4 20.2

20.0 19.92 19.90

0.0 20.0S
Ql Q2 Q3
2022
Forecast ➔
Q4 Ql Q2 Q3
2023
2U6
No-Recession
Recession

20.13 20.13
Q4 Ql Q2 Q3 Q4 Ql Q2 Q3 Q4
2024 2025

2 City of Santa Clara
Financial Status Report as of August 31, 2023

On a national level, the unemployment rate increased slightly from 3.5% in July 2023 to 3.8% in August 2023. This rate was well below the record setting high of 14.7% in April 2020, but slightly above the pre-pandemic unemployment rate of 3.5%. In August, the number of unemployed persons increased by

0.5 million, totaling 6.4 million.3

In the second quarter 2023 second estimate, the Gross Domestic Product (GDP) increased by 2.1%, following a GDP increase of 2.0% in the first quarter. The estimated increase in the first quarter reflected increasing consumer spending, state, local and federal government spending and nonresidential fixed investment.4

3 https://www.bls.gov/news.release/pdf/empsit.pdf
4 https://www.bea.gov/sites/default/files/2023-08/tech2q23_2nd.pdf ,Chart 1. 1UnemplD)ffl0n t. Ir.aie, seasornally adj11stad, A11gust 20.2:1 - A11gust 2023
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S8'3SDll811)' adj11st.ad, A11gust 2.021 - Aug11st 2023
llhousands
1,000
900

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400
300
. 200
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- -
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II I 1111 I ■ I
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AL111:-21 Nov-:?1 FEil>-22 Mey-2.2 1'11Jil·22" Nov-22 FEil>-23 Mey-23 A'ltlJ:-23 Real GDP: Percent change from preceding quarter
40 30
20 10
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Q~ Q4 Ql
2019
Ql. Q3
2020
U.S. Bureau of Economic Analysis
Q4 Ql Ql Q::l Q4 Ql Ql Q3 Q4 Ql Q2
2021 2022 2023
Seasonally adjusted annual rates

3 City of Santa Clara
Financial Status Report as of August 31, 2023

At the state level, the California unemployment rate remained unchanged between July and August 2023 at 4.6%. This rate is higher compared to the 3.8% rate in August 2022. Since the current economic expansion began in April 2020, California has added 3.2 million jobs, regaining the 2.7 million jobs lost as a result of the pandemic.5
The unadjusted unemployment rate in the San José-Sunnyvale-Santa Clara Metropolitan Statistical Area (MSA) was 3.9% in August 2023, up from a revised 3.6 % in July 2023, and above the August 2022 estimate of 2.7%. Between August 2022 and August 2023, employment in this region increase by 22,100 jobs, or 1.9% The largest increases were in private education and health services (up 13,100 jobs), leisure and hospitality (up 7,500 jobs), and construction (up 3,500 jobs). Notable employment reductions were in manufacturing (down 2,000 jobs) and professional and business services (down 1,900).6
General Fund
The General Fund is the major operating fund for the City and includes multiple programs, services, and activities for the residents and businesses of the City. The adopted budget for operating revenues and expenditures for fiscal year 2023/24 was $281.8 million. The amended budget for revenues and expenditures was adjusted to $287.4 million to reflect carryover encumbrances from fiscal year 2022/23 and various budget amendments approved by the City Council through August 2023.

While it is very early in the fiscal year and limited data is available, General Fund revenues are currently tracking with estimated levels and expenditures are tracking below budget.

5 https://edd.ca.gov/en/about_edd/news_releases_and_announcements/unemployment-august-2023/ 6 https://labormarketinfo.edd.ca.gov/file/lfmonth/sjos$pds.pdf

4 City of Santa Clara
Financial Status Report as of August 31, 2023

General Fund Revenues
As of August 31, 2023, $4.9 million or 1.8% of the General Fund estimated revenue (excluding transfers) was received. Transfers and use of reserves of $15.0 million have occurred as budgeted.

This very low collection level through August is largely due to the timing of payments. In some categories, the revenues received in July account for activity that occurred in FY 2022/23 and those revenues are accrued back to that year. In other cases, such as property tax, most payments are scheduled to occur later in the fiscal year.

Adopted Budget
Amended
Budget
Actual Through
8/31/2023
Percentage
Received
Actual Through
8/31/2022
$
Change From
Prior Year
Percentage
Change
TAXES
Sales Tax 60,524,000$ 60,524,000$ -$ 0.00% -$ -$ N/A Property Tax 85,800,000 85,800,000 76,981 0.09% 137,935 (60,954) -44.19% Transient Occupancy Tax 21,275,000 21,275,000 722,881 3.40% 992,894 (270,013) -27.19% Other Taxes 6,750,000 6,750,000 194,799 2.89% 215,174 (20,375) -9.47% Total Taxes 174,349,000 174,349,000 994,661 0.57% 1,346,003 (351,342) -26.10%

LICENSES & PERMITS
Business Licenses 6,000,000 6,000,000 666,092 11.10% 146,976 519,116 353.20% Fire Operation Permits 2,000,000 2,000,000 125,125 6.26% 301,265 (176,140) -58.47% Miscellaneous Permits 69,000 69,000 50,409 73.06% 30,455 19,954 65.52% Total Licenses & Permits 8,069,000 8,069,000 841,626 10.43% 478,696 362,930 75.82% FINES & PENALTIES 1,225,000 1,225,000 435,491 35.55% 28,881 406,610 1407.88% INTERGOVERNMENTAL 520,000 520,000 9,654 1.86% 24,666 (15,012) -60.86% CHARGES FOR SERVICES 29,314,768 29,662,668 2,043,440 6.89% 4,155,409 (2,111,969) -50.82% SILICON VALLEY POWER TRANSFER 32,000,000 32,000,000 - 0.00% 2,386,990 (2,386,990) -100.00%

USE OF MONEY & PROPERTY
Interest 3,500,000 3,500,000 (1,061,296) -30.32% (153,222) (908,074) 592.65% Rent 12,397,660 12,397,660 1,390,065 11.21% 1,609,231 (219,166) -13.62% Total Use of Money & Property 15,897,660 15,897,660 328,769 2.07% 1,456,009 (1,127,240) -77.42% MISCELLANEOUS REVENUES 180,000 180,000 56,122 31.18% 88,922 (32,800) -36.89%

LAND PROCEED - - - N/A - - N/A

OTHER FINANCING SOURCES
Operating Transfer In - Storm Drain 1,454,000 1,454,000 1,454,000 100.00% 1,454,000 - 0.00% Operating Transfer In - Reserves 2,772,275 8,012,113 8,012,113 100.00% 32,632,195 (24,620,082) -75.45% Operating Transfer In - Fund Balances(1) 4,759,683 4,759,683 4,759,683 100.00% 4,484,726 274,957 6.13% Operating Transfer In - Miscellaneous 746,044 746,044 746,044 100.00% 2,127,374 (1,381,330) -64.93% Total Other Financing Sources 9,732,002 14,971,840 14,971,840 100.00% 40,698,295 (25,726,455) -63.21%

STADIUM OPERATION
Charges for Services 9,278,128 9,278,128 221,494 2.39% 91,272 130,222 142.67% Rent and Licensing 1,230,000 1,230,000 - 0.00% 483,361 (483,361) -100.00% Total Stadium Operation 10,508,128 10,508,128 221,494 2.11% 574,633 (353,139) -61.45% TOTAL GENERAL FUND 281,795,558$ 287,383,296$ 19,903,096$ 6.93% 51,238,504$ (31,335,407)$ -61.16% (1) The Operating Transfer In - Fund Balances includes the carryover encumbrances of open purchase orders as of June 30, 2023 and mid year budget amendment from reserves.

Function

GENERAL FUND

REVENUES OVERVIEW AND COMPARISON BY TYPE
FISCAL YEAR 2023/24 PY REVENUE COMPARISON

5 City of Santa Clara
Financial Status Report as of August 31, 2023

General Fund Revenues
Sales Tax: The City of Santa Clara sales tax rate is 9.125%, of which the City receives 1.0%. As of August 31, 2023, no sales tax has been recorded. Given the timing of payments, the sales tax payments received through August accounted for activity in the prior fiscal year and those funds were accrued to last year.

Property Tax: Property tax receipts totaling $0.1 million were received in August 2023. The majority of property tax revenue is collected in February and April each year. Based on initial information from the County of Santa Clara, property tax receipts are projected to end the year above the Adopted Budget estimate of $85.8 million.

Transient Occupancy Tax (TOT): TOT is calculated as a percentage of City hotel/motel room charges. The City’s TOT rate is 11.5%. Through August 31, 2023, approximately $0.7 million was received, which is 27.2% lower than prior year receipts.

Other Taxes: Includes franchise tax and documentary transfer tax. The City has collected under $0.2 million through August, which is on par with last fiscal year’s collection levels. Receipts through August reflect franchise tax collections of $0.1 million and approximately $65,000 in documentary transfer tax revenue.

Licenses & Permits: Includes business licenses, fire operation permits, and miscellaneous permits and fees. Effective FY 2021/22, building, electric, plumbing and mechanical permits have all been budgeted in the new Building Development Services Fund, which will be reflected in the Special Revenue section of this report. Licenses and permits revenue collections are tracking below par with receipts totaling $0.8 million, or 10.4% of the $8.1 million budget. However, this represents a 75.8% increase compared to prior year collection levels, primarily in the business license category. The updated Business License Tax is being implemented this fiscal year with the new methodology. With this transition and the need to re-register every business, the timeline to submit payments has been extended which has impacted actual receipts in the first few months. Staff will closely monitor results from the implementation to determine if any budget adjustments are necessary based on the actual collections.

Fines & Penalties: Includes vehicle, parking, court fines, and miscellaneous penalty fines. The revenue collected in this category through August was $0.4 million, or 35.6% of the budgeted estimate.

Collections in this category are tracking well above the budget and the prior year due to the resumption of the assessment of late fees that had been waived due to COVID-19.

Intergovernmental: Includes motor vehicle fees, state homeowner tax relief, state mandated reimbursement and redistribution of land sale proceeds and ground leases from the Successor Agency.

Through August 31, 2023, $9,654 was collected in this category.

Charges for Services: Includes various plan check and zoning-related fees, engineering fees, administrative fees, and community service revenue from various recreational activities. Through

6 City of Santa Clara
Financial Status Report as of August 31, 2023

August, collections totaled approximately $2.0 million or 6.9% of the budget. This reflects a 50.8% decrease compared to last year’s collections through the same period of $4.2 million. This large decrease is a result of timing differences in the booking of interdepartmental charges directly related to the cost allocation plan. Last fiscal year, these charges were booked in July, whereas these charges have not yet occurred this fiscal year.

Silicon Valley Power Transfer: In accordance with the City’s charter, Silicon Valley Power pays 5.0% of gross revenues to the General Fund. Through August, this transfer has not yet been received.

Use of Money & Property: Includes realized investment income and rental income. Through August, $0.3 million has been collected, compared to $1.5 million last fiscal year. This decrease is primarily due to higher prior year accruals in the interest category, which results in the negative amount under the interest category in the current year.

Miscellaneous Revenues: Includes developer fees, donations, damage recovery, sale of surplus, and one-time miscellaneous revenues. Through August 31, 2023, collections are slightly lower with prior year levels at $56,000.

Stadium Operation: Through August 2023, $0.2 million has been collected through charges for services.

7 City of Santa Clara
Financial Status Report as of August 31, 2023

General Fund Expenditures
As of August 31, 2023, $51.0 million or 17.7% of the General Fund operating budget had be en expended, which is on par with prior year expenditure levels. Overall, expenditures in the General Fund are within budgeted levels through August. Departmental expenditures totaled $36.9 million, or 13.8% of the budget, which is below the par level of 16.7% of the budget.

Adopted Budget
Amended
Budget
Actual Through
8/31/2023
Percentage
Use d
Actual Through
8/31/2022
$
Change From
Prior Year
Percentage
Change

GENERAL GOVERNMENT
Non-Departmental 15,123,531$ 15,640,480$ 688,588$ 4.40% 681,834$ 6,754$ 0.99% City Council 1,124,281 1,131,037 170,308 15.06% 82,105 88,203 107.43% City Clerk 1,947,261 2,121,865 214,143 10.09% 158,246 55,897 35.32% City Manager 5,410,204 5,938,327 436,949 7.36% 700,340 (263,391) -37.61% City Attorney 3,076,516 3,196,951 409,308 12.80% 596,938 (187,630) -31.43% Human Resources 4,300,090 4,464,113 508,305 11.39% 522,687 (14,382) -2.75% Finance 19,140,702 19,939,776 2,351,131 11.79% 2,503,339 (152,208) -6.08% Total General Government 50,122,585 52,432,549 4,778,732 9.11% 5,245,489 (466,757) -8.90% PUBLIC WORKS 24,857,521 26,175,381 3,492,899 13.34% 3,296,895 196,004 5.95% COMMUNITY DEVELOPMENT 5,121,256 5,227,061 826,894 15.82% 679,554 147,340 21.68% PARKS AND RECREATION 21,933,152 22,711,221 3,448,033 15.18% 3,170,571 277,462 8.75%

PUBLIC SAFETY
Fire 62,616,032 63,222,036 10,323,737 16.33% 10,895,343 (571,606) -5.25% Police 85,598,562 85,946,468 12,474,370 14.51% 12,636,356 (161,986) -1.28% Total Public Safety 148,214,594 149,168,504 22,798,107 15.28% 23,531,699 (733,592) -3.12% LIBRARY 11,135,937 11,229,696 1,587,753 14.14% 1,554,011 33,742 2.17% DEPARTMENTAL TOTAL 261,385,045 266,944,412 36,932,418 13.84% 37,478,219 (545,801) -1.46%

OTHER FINANCING USES
Operating Transfer Out - Miscellaneous 1,198,809 1,198,809 1,198,809 100.00% 38,809 1,160,000 2989.00% Operating Transfer Out - Debt Services 1,402,440 1,402,440 1,402,440 100.00% 1,402,275 165 0.01% Operating Transfer Out - Maintenance Dtrct 942,413 942,413 942,413 100.00% 842,700 99,713 11.83% Operating Transfer Out - Cemetery 796,000 796,000 796,000 100.00% 870,000 (74,000) -8.51% Operating Transfer Out - CIP 7,305,499 7,305,499 7,305,499 100.00% 8,625,501 (1,320,002) -15.30% Total Other Financing Uses 11,645,161 11,645,161 11,645,161 100.00% 11,779,285 (134,124) -1.14% STADIUM OPERATION 8,765,352 8,793,722 2,374,727 27.00% 1,232,445 1,142,282 92.68% TOTAL GENERAL FUND 281,795,558$ 287,383,295$ 50,952,306$ 17.73% 50,489,949$ 462,357$ 0.92% Function

CITY OF SANTA CLARA

GENERAL FUND

EXPENDITURES OVERVIEW AND COMPARISON BY FUNCTION
FISCAL YEAR 2023/24 PY EXPENDITURES COMPARISON

8 City of Santa Clara
Financial Status Report as of August 31, 2023

General Fund Expenditures
Below is an explanation of certain budget to actual expenditure variances by program.

Non-Departmental: Includes expenditures that are not attributable to a single department, but a function of the City in general. Through August 31, 2023, expenditures totaled $0.7 million, or 4.4% of the budget. These expenditures are below the par level of 16.7%, and lower than prior year levels.

City Attorney: Actual expenditures through August totaled approximately $0.4 million, which is 12.8% of the budget, which is below par. Spending is significantly below the total expenditures through the same time last fiscal year by 31.4%. This decrease is due to internal service allocation charges, as they are not yet reflected in the August data as well as lower outside legal counsel services.

City Clerk: Through August, actual expenditures were tracking below budget at $0.2 million or approximately 10.1% of the budget. This expenditure level reflects a 35.3% increase in spending compared to last fiscal year due to higher salaries and benefits charges in the current year, partially offset by internal service allocation charges, which are not yet reflected in the August data.

City Council: Through August, expenditures were at 15.1% of budget, which is within budgeted levels.

Compared to the same period through last fiscal year, this reflects a significant increase in expenditures. This is a result of the reallocation of 1.0 Assistant to the City Manager position from the City Manager’s Office as approved as part of the FY 2023/24 and FY 2024/25 Adopted Operating Budget.

City Manager: The actual expenditures through August 31, 2023 totaled $0.4 million, or 7.4% of the budget, which is below par for this time of the year. Expenditures are approximately 37.6% lower compared with the spending level through the same period last fiscal year. This is a result of vacancy savings within the department and the reallocation of 1.0 Assistant to the City Manager position to the City Council as mentioned above.

Community Development Department: This department consists of three divisions: Planning, Building, and Housing and Community Services. The Building Division of this department is reflected in the Building Development Services Fund, which falls under the special revenue section of this report.

Through August, departmental expenditures for the Planning and Housing and Community Services divisions totaled $0.8 million, or 15.8% of the budget, which is below par of 16.7%. This expenditure level is 22% above the prior year is a result of higher salaries and benefits costs and higher contractual services spending in the current year.

Finance Department: Through August, the Department’s expenditures totaled $2.4 million, or 11.8% of the budget, which is below par. This expenditure level was approximately 6.1% lower than through the same period last year. Similar to the other departmental tracking, this is a result of the timing of the internal service allocation charges, which are not yet reflected in the August data.

Fire Department: Through August, actual expenditures totaled $10.3 million, or 16.3% of the budget, which is at par. These expenditures reflect a 5.3% decrease from expenditures through the same

9 City of Santa Clara
Financial Status Report as of August 31, 2023

period last fiscal year. This is primarily because, as approved as part of the FY 2023/24 and FY 2024/25 Adopted Operating Budget, approximately 9.0 FTE were reallocated to the newly established Fire Development Services Fund. These charges are reflected under the special revenue section of this report. Overtime expenditures are tracking at 31.5% of the budget, which is above par for this time of year. While this overtime figure is high, it is important to note that overtime is used to backfill for vacant positions and the vacancy savings offset a portion of the overtime costs.

Library Department: Through August, actual expenditures totaled $1.6 million, or 14.1% of the budget, which is below par, but slightly higher than expenditure levels last fiscal year. The higher spending is a result of the reopening of libraries.

Parks and Recreation Department: Through August, actual expenditures totaled $3.4 million, or

15.2% of the budget, which is below par, and slightly higher than prior year actuals of $3.2 million. This is primarily due to higher spend in the operating supplies and contractual services categories.

Police Department: Expenditures through August are tracking slightly below par at $12.5 million, or

14.5% of the budget. This is consistent with prior year expenditure levels.

Stadium Operation: Stadium operating expenditures are incurred first and billed on a reimbursement basis creating a timing difference in revenue recognition. Stadium expenditures totaled $2.4 million through August, which is significantly higher than prior year levels. This is primarily due to higher personnel spend, particularly in overtime. Events at the Stadium during August included two pre- season NFL games as well as the Beyonce concert.

10 City of Santa Clara
Financial Status Report as of August 31, 2023

Special Revenue Funds
The table below is a summary of revenues and expenditures of select Special Revenue Funds as of August 31, 2023. The amended budget reflects carryover encumbrances from fiscal year 2022/23 and budget amendments approved by the City Council through August 2023. Effective July 1, 2023, development related services in the Fire Department have been reallocated from the General Fund to the newly established Fire Development Services Fund, reflected below.

Both revenues and expenditures totaled approximately $3.6 million through the end of August. Overall, revenues and expenditures are tracking below par of 16.7%. In the Housing Successor Fund, the expenditures are significantly lower compared to last fiscal year due to a one-time special disbursement for a housing loan that occurred in July 2022.

Actual Actual $
Fund Adopted Amended Through Percentage Through Change From Percent Description Budget Budget 8/31/2023 received 8/31/2022 Prior Year Change Housing Authority Fund 252,495$ 252,495$ 57,919$ 22.94% 17,897$ 40,022$ 223.62% City Affordable Housing Fund 1,166,720 1,166,720 23,768 2.04% 75,663 (51,895) -68.59% Housing Successor Fund 1,306,326 1,306,326 152,797 11.70% 136,440 16,357 11.99% Housing and Urban Development 3,106,041 3,106,041 378,305 12.18% 78,408 299,897 382.48% Building Development Services
Fee Fund
15,611,000 15,611,000 2,460,157 15.76% 3,208,522 (748,365) -23.32% Fire Development Services Fee
Fund
2,935,000 2,935,000 575,352 19.60% 0 575,352 N/A
TOTAL 24,377,582$ 24,377,582$ 3,648,298$ 14.97% 3,516,930$ 131,368$ 3.74% Actual Actual $
Fund Adopted Amended through Percentage through Change From Percent Description Budget Budget 8/31/2023 used 8/31/2022 Prior Year Change Housing Authority Fund 457,193$ 518,659$ 28,906$ 5.57% 39,308$ (10,402)$ -26.46% City Affordable Housing Fund 6,683,926 7,435,503 224,106 3.01% 166,835 57,271 34.33% Housing Successor Fund 873,227 1,216,887 220,176 18.09% 1,755,713 (1,535,537) -87.46% Housing and Urban Development 3,993,723 4,753,782 362,783 7.63% 389,875 (27,092) -6.95% Building Development Services
Fee Fund
13,689,592 15,018,230 2,303,565 15.34% 1,904,806 398,759 20.93% Fire Development Services Fee
Fund
3,109,073 3,109,073 438,405 14.10% 0 438,405 N/A
TOTAL 28,806,734$ 32,052,134$ 3,577,941$ 11.16% 4,256,537$ (678,596)$ -15.94%

PRIOR YEAR EXPENDITURE COMPARISON

CITY OF SANTA CLARA

SPECIAL REVENUE FUNDS

REVENUE AND EXPENDITURE - OVERVIEW AND COMPARISON BY FUND REVENUES - FISCAL YEAR 2023/24 PRIOR YEAR REVENUE COMPARISON EXPENDITURES - FISCAL YEAR 2023/24

11 City of Santa Clara
Financial Status Report as of August 31, 2023

Governmental Capital Improvement Funds
The table below lists the revenue for selected capital improvement funds. The amended budget reflects current year appropriations, prior year carryover, and budget amendments approved through August 2023. As of August 31, 2023, the capital fund revenue totaled $0.4 million.

REVENUES - FISCAL YEAR 2023/24
Actual
Fund Current Year Prior Year Total Amended Through Percentage Description Appropriation Carryforward Budget 8/31/2023 Use d Parks & Recreation -$ 4,280,995$ 4,280,995$ 59,827$ 1.40% Streets & Highways 5,495,232 15,988,284 21,483,516 2,844 0.01% Storm Drain 1,454,000 - 1,454,000 240,218 16.52% Related Santa Clara Developer 977,582 - 977,582 127,316 13.02% Patrick Henry Drive Infrastructure
Improvement Fund
140,486 - 140,486 - 0.00% Tasman East Specific Infrastructure
Improvement Fund
- - - 6,581 NA TOTAL 8,067,300$ 20,269,279$ 28,336,579$ 436,786$ 1.54%

CITY OF SANTA CLARA

GOVERNMENTAL CAPITAL IMPROVEMENT FUNDS

REVENUE - OVERVIEW AND COMPARISON BY SELECTED FUND

The table below lists the total amended budgeted amounts for expenditures in the Capital Improvement Funds. Similar to the revenue table, the amended expenditure budgets consist of current year appropriations, prior year carryover encumbrance balances in Governmental Capital Improvement Funds, and budget amendments approved through August 2023. As of August 31, 2023, capital fund expenditures totaled $5.1 million, or 3.4% of the amended budget, well below par of 16.7%.

As part of the adoption of the FY 2023/24 and FY 2024/25 biennial operating budget, some capital funds were carried over for projects that were not anticipated to be completed by June 30, 2023.

Necessary additional adjustments to the capital carryover amounts will be included as part of the Budgetary Year-End Report for FY 2022/23, anticipated to be brought forward for City Council approval in December 2023.

12 City of Santa Clara
Financial Status Report as of August 31, 2023

EXPENDITURES - FISCAL YEAR 2023/24
Actual
Fund Current Year Prior Year Total Amended Through Percentage Description Appropriation Carryforward Budget 8/31/2023 Use d Parks & Recreation 2,719,457$ 38,184,533$ 40,903,990$ 2,437,378$ 5.96% Streets & Highways 17,776,700 62,604,298 80,380,998 2,071,110 2.58% Storm Drain 807,414 4,002,049 4,809,463 43,716 0.91% Fire 427,374 1,303,898 1,731,272 58,229 3.36% Library - 301,105 301,105 - 0.00% Public Buildings 1,590,019 9,319,499 10,909,518 143,858 1.32% General Gov't - Other 941,000 8,688,990 9,629,990 240,878 2.50% City Affordable Housing Capital Fund - 1,600,000 1,600,000 - Related Santa Clara Developer 977,582 523,109 1,500,691 129,864 8.65% Patrick Henry Drive Infrastructure
Improvement Fund
71,281 - 71,281 2,305 3.23% Tasman East Specific Infrastructure
Improvement Fund
27,330 1,423,145 1,450,475 2,305 0.16% TOTAL 25,338,157$ 127,950,626$ 153,288,783$ 5,129,643$ 3.35%

CITY OF SANTA CLARA

SUMMARY OF EXPENDITURES

GOVERNMENTAL CAPITAL IMPROVEMENT FUNDS

13 City of Santa Clara
Financial Status Report as of August 31, 2023

Enterprise Funds
The table below is a summary of revenues and expenses for the Enterprise Operating Funds as of August 31, 2023. Overall, revenues and expenditures are tracking below budgeted levels.

Actual Actual $
Fund Adopted Amended Through Percentage Through Change From Percent Description Budget Budget 8/31/2023 received 8/31/2022 Prior Year Change Electric Utility Fund 1,008,222,211$ 1,008,222,211$ 72,784,575$ 7.22% 64,457,371$ 8,327,204$ 12.92% Water Utility Fund 60,726,490 60,726,490 7,581,337 12.48% 8,128,611 (547,274) -6.73% Sewer Utility Fund 73,500,825 78,500,825 4,974,289 6.34% 4,865,778 108,511 2.23% Cemetery Fund 750,000 750,000 77,494 10.33% 134,321 (56,827) -42.31% Solid Waste Utility Fund 39,577,957 39,577,957 4,503,065 11.38% 4,076,095 426,970 10.47% Water Recycling Fund 7,668,868 7,668,868 1,316,091 17.16% 917,623 398,468 43.42% TOTAL REVENUE 1,190,446,351$ 1,195,446,351$ 91,236,851$ 7.63% 82,579,799$ 8,657,052$ 10.48% Actual Actual $
Fund Adopted Amended through Percentage through Change From Percent Description Budget Budget 8/31/2023 Use d 8/31/2022 Prior Year Change Electric Utility Fund 681,590,706$ 687,147,483$ 85,516,893$ 12.45% 69,650,517$ 15,866,376$ 22.78% Water Utility Fund 54,015,131 56,158,029 4,732,530 8.43% 3,244,601 1,487,929 45.86% Sewer Utility Fund 53,980,961 54,497,527 7,792,537 14.30% 6,458,697 1,333,840 20.65% Cemetery Fund 1,534,349 1,534,349 169,029 11.02% 192,373 (23,344) -12.13% Solid Waste Utility Fund 38,782,622 42,314,984 5,186,542 12.26% 3,530,642 1,655,900 46.90% Water Recycling Fund 8,234,584 8,234,584 156,371 1.90% 1,431,021 (1,274,650) -89.07% TOTAL - Operating
Appropriations
838,138,353$ 849,886,956$ 103,553,902$ 12.18% 84,507,851$ 19,046,051$ 22.54% PRIOR YEAR EXPENSE COMPARISONEXPENSES - FISCAL YEAR 2023/24

CITY OF SANTA CLARA

ENTERPRISE OPERATING FUNDS

REVENUES AND EXPENSES - OVERVIEW AND COMPARISON BY FUND REVENUES - FISCAL YEAR 2023/24 PRIOR YEAR REVENUE COMPARISON

Both revenues and expenditures are tracking significantly higher than prior year levels. In the Electric Utility Fund, higher debt retirement and resource costs were incurred this fiscal year when compared to July 2022. Sales have also come in higher in the Cemetery Fund. In the Solid Waste Utility Fund, there were higher refuse collection charges, alongside higher garbage collection expenses as well. The significant drop in expenditure levels in the Water Recycling Fund is due to the timing of resource/production invoice payments.

Revenues in the electric (which also includes the Electric Debt Service Fund), water, and sewer utility (which also includes the Sewer Debt Service Fund) and water recycling funds are primarily from customer service charges. The activity levels for these customer service charges also impact the resource and production costs on the expenditure side for these funds. The lower the revenue from customer service charges, the lower the expenditures in the resource and production category.

14 City of Santa Clara
Financial Status Report as of August 31, 2023

A summary of revenue and expenses in the Enterprise Capital Improvement Funds is detailed in the table below. Actual revenue through August 31, 2023 totaled $1.4 million, consisting primarily of developer contributions in the Electric Utility Fund and sewer fees in the Sewer Utility Fund. Enterprise capital fund expenses totaled $9.4 million, or 1.6% of the amended budget. Similar to the general government capital funds, capital funds were carried over from FY 2022/23 as part of the FY 2023/24 and FY 2024/25 budget adoption process for those projects that were not expected to be completed by June 30, 2023. Additional necessary adjustments to the capital carryover amounts based on actual year-end expenditures will be brought forward for City Council approval in December 2023, as part of the budgetary year-end report for FY 2022/23.

Actual
Fund Current Year Prior Year Total Amended Through Percentage Description Appropriation Carryforward Budget 8/31/2023 Used Electric Utility Fund 37,980,480$ 40,599,727$ 78,580,207$ 1,294,415$ 1.65% Sewer Utility Fund - - - 74,959 N/A Solid Waste Utility Fund 258,000 - 258,000 3,813 1.48% TOTAL - Revenue 38,238,480$ 40,599,727$ 78,838,207$ 1,373,187$ 1.74% Actual
Fund Current Year Prior Year Total Amended Through Percentage Description Appropriation Carryforward Budget 8/31/2023 Used Electric Utility Fund 355,072,203$ 161,038,869$ 516,111,072$ 5,396,442$ 1.05% Street Lighting (1) 125,000 3,452,509 3,577,509 13,082 0.37% Water Utility Fund 5,165,000 5,316,334 10,481,334 396,837 3.79% Sewer Utility Fund 13,721,802 28,349,075 42,070,876 3,120,604 7.42% Cemetery Fund - 245,335 245,335 - 0.00% Solid Waste Utility Fund 765,000 271,756 1,036,756 120,104 11.58% Water Recycling Fund 50,000 - 50,000 4,033 8.07% Convention Center Capital
Fund
- 2,146,482 2,146,482 328,480 15.30%

TOTAL - CIP
Appropriations
374,899,004$ 200,820,360$ 575,719,364$ 9,379,582$ 1.63%

CITY OF SANTA CLARA

ENTERPRISE CAPITAL IMPROVEMENT FUNDS

SUMMARY OF EXPENSES
EXPENSES - FISCAL YEAR 2023/24

CITY OF SANTA CLARA

ENTERPRISE CAPITAL IMPROVEMENT FUNDS

REVENUE - OVERVIEW AND COMPARISON BY SELECTED FUND
REVENUES - FISCAL YEAR 2023/24

(1) Street Lighting fund is part of Electric Capital Improvement Funds

15 City of Santa Clara
Financial Status Report as of August 31, 2023

Fund Reserves
By policy, City Council established the City’s General Contingency Reserve, under which reserves for Budget Stabilization and Capital Projects were established. • Budget Stabilization Reserve is set aside for weathering economic downturns, emergency financial crisis, or disaster situations. The reserve target is equal to the expenditures of the City’s General Fund operations for three months (90-day or 25% General Fund Adopted Operating Budget). In FY 2023/24, the City Council approved an exception to the policy to allow the Reserve to a minimum of 15% of expenditures.
• Capital Projects Reserve earmarks funds for the Capital Improvement Program.

Other General Reserves and Enterprise Fund Reserves included in this report are highlighted as follows:
• Technology Fee Reserve is set aside to update and/or replace the City’s aging technology and to ensure internal controls are in compliance with current business standard and legal requirements.
• Land Sale Reserve is net proceeds from the sale of City-owned land, with interest earned on these funds available to be appropriated for General Fund operating expenditures. This reserve is available for appropriation by City Council action.
• The Electric Utility Rate Stabilization Reserve and Operations and Maintenance Reserve assures sufficient operating cash is available to cover day-to-day expenses, address unforeseen cost increases or revenue shortfalls, and ensure debt service coverage. • The Replacement and Improvement Reserve in the Water and Sewer Utility Funds is for future capital improvement.

The table below summarizes select reserve balances.

16 City of Santa Clara
Financial Status Report as of August 31, 2023

DETAIL OF SELECTED FUND RESERVE BALANCES:

GENERAL

FUND ELECTRIC WATER
Budget Stabilization Reserve 47,592,520$
Capital Projects Reserve 7,118,949
Land Sale Reserve 18,481,037
Technology Fee Reserve 2,581,146
Electric Rate Stabilization Fund Reserve 56,776,613$
Electric Operations and Maintenance Reserve 150,765,556 Replacement & Improvement 303,090$
TOTALS 75,773,652$ 207,542,169$ 303,090$

CITY OF SANTA CLARA

RESERVE BALANCES
August 31, 2023

Donations to the City of Santa Clara
Donations received by department during the month of August 2023 and for fiscal year 2023/24 are shown in the table below.

Department Aug-23
Fis cal Year
2023/24
Year To Date Designated Use
City Manager's Office 201 201 Help Your Neighbor Parks & Recreation - 8,000 Case Management Parks & Recreation 108 133 Roberta Jones Jr. Theatre
Parks & Recreation 10,675 12,425 Wade Brummal
Police 0 75,000 TEAM 200
TOTALS 10,984$ 95,759$

_____________________________________________________________________

MONTHLY INVESTMENT REPORT

August 2023

City of
Santa Clara
The Center of What 's Possible
City of Santa Clara
Monthly Investment Report

TABLE OF CONTENTS
Page #
1 Summary of Investment Portfolio 1
2 Summary of Investments 5
3 Investment Maturity Distribution Schedule 6
4 Attachment A: Investment Inventory With Market Value 7 1 CITY OF SANTA CLARA

SUMMARY OF INVESTMENT PORTFOLIO
All securities held by the City of Santa Clara as of August 31, 2023 were in compliance with the City's Investment Policy Statement regarding current market strategy and long-term goals and objectives. All securities held are rated A or higher by two nationally recognized rating agencies. There is adequate cash flow and maturity of investments to meet the City’s needs for the next six months.

The following table provides the breakdown of the total portfolio among the City, the Sports and Open Space Authority (SOSA), and the Housing Authority (HA) as of August 31, 2023.

On
August 31, 2023 the cost value and market value of the City's unrestricted pooled investment portfolio were $937,545,107 and $905,629,992 respectively.

Investment Strategy and Market Update
The July Federal Open Market Committee (FOMC) minutes noted that “future policy decis ions s hould depend on the totality of the incoming information and the implications for the economic outlook and inflation.” Following that, at the annual Jackson Hole economic symposium, Federal Reserve (Fed) Chair Jerome Powell reinforced that the central bank is prepared to raise interest rates further if needed.

Headline consumer price index (CPI) nudged higher in July to 3.2% over the past year, compared with 3.0% in June. The shelter component of the index was the l argest c ontributor for July, while price increases for food moderated and airfares and used car prices fell. Excluding food and energy pri ces, c ore CPI declined to 4.7% from 4.8% year-over-year (YoY), its low est r eading in 22 months, but still well above the Fed’s 2.0% inflation target.

Non-farm payrolls increased 187,000 in August, modestly beating estimates. The unemployment rate moved up from 3.5% to 3.8%, in large part due to 736,000 new entrants to the work force – a positive development for the tight labor market. Average hourly ear
nings rose 4.3% YoY, while job openings fell to their lowest level since March 2021.

The national average for a 30-year fixed-rate mortgage ended August at 7.53% — the highest monthly cl ose since September 2000.

The benchmark 1-, 2-, and 10-year U.S. Treasuries finished the month at 5.38%, 4.86%, and 4.11%, moving up 1 bp, down 1 bp, and up 15 basis points, respectively, for the month.

COST VALUE PERCENTAGE
City $936,579,114 99.90%
SOSA 9,504

0.00%
HA 956,489 0.10%
Unrestricted $937,545,107 100.00%
Restricted Bond Proceeds 2,249,774
Total Investments $939,794,881
2 The City's investment strategy for August 2023 was to invest funds not required to meet current obligations, in securities listed in the prevailing Investment Policy Statement, with maturities not to exceed five years from date of purchase. This strategy ensures safety of the City’s funds, provides liquidity to meet the City’s cash needs, and earns a reasonable portfolio return. PFM Asset Management LLC began actively managing the City’s securities portfolio on September 1, 2020.

As of August 31, 2023, 39.93% of the City’s portfolio consists of U.S. Treasury Notes, 20.00% consists of investment grade Corporate Notes, 16.18% consists of California Asset Management Program (CAMP), 12.57% consists of Federal Agencies, 4.71% consists of investment grade Mortgage -Backed Securities, 2.72% consists of investment grade Asset -Back Securities, 1.57% consists of Negotiable Certificates of Deposit, 1 .18% consists of investment grade Supranational Obligations, 0. 61% consists of Local Agency Investment Fund (LAIF), and 0.29% consists of investment grade Municipal Bonds. In addition, City bond proceeds are invested in separate funds and are not included in the calculation of the City’s portfolio yield.

U.S. Treasury Notes

39.93%
Federal Agency Notes

12.58%
Corporate Notes

20.00%
Municipal Bonds

0.29%
Supranational Obligations

1.18%
Asset-Backed Securities

2.72%
Negotiable Certificates
of Deposit

1.57%
Mortgage-Backed
Securities

4.71%
Money Market Fund

0.00%
Local Agency Investment Fund
(LAIF)

0.61%
California Asset Management
Program (CAMP)

16.18%
Mutual Fund - Traffic Mitigation
Bond Proceeds

0.24%
3 The City’s securities portfolio is benchmarked against the ICE BAML 1-5 US Treasury Index.

2.57%

3.13%

3.26%

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%
Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Securities Portfolio Yield at Cost vs Index 24-Month Average of Yield at Market Securities Portfolio (yield at cost)
City's Benchmark Index (24-month rolling average market yield) BofA 1-5 AAA-A Corp & Gov't Index (24-month rolling average market yield)

T T T T T T T
4 The following table summarizes the investment yields other information of the City’s investment portfolio components, along with comparable-maturity market indices. Also shown are the monthly interest income and aggregate year-to-date income.

Current Month
8/31/2023
Investment Yield
Liquidity Portfolio1 5.40%
LAIF average monthly yield 3.43%

Securities Portfolio2 2.57%
ICE BAML 1-5 US Treasury Index (24-month rolling average market yield) 3.13% ICE BAML 1-5 AAA-A US Corporate & Government Index (24-month rolling average market yield) 3.26%

City Portfolio (Liquidity + Securities) 3.06%

Investment Total Return*
Securities Portfolio 0.27%
ICE BAML 1-5 US Treasury Index 0.27%
ICE BAML 1-5 AAA-A US Corporate & Government Index 0.26%

Average Maturity of Investments (in years)
Liquidity Portfolio1 0.08
Securities Portfolio2 2.72
City Portfolio (Liquidity + Securities) 2.25
ICE BAML 1-5 US Treasury Index 2.76
ICE BAML 1-5 AAA-A US Corporate & Government Index 2.76

Interest Income Current Month3 $ 2,166,123
Interest Income Fiscal Year-To-Date3 $ 3,956,802

1. Consists of CAMP Pool, CAMP Tern, LAIF, Dreyfus Traffic Mitigation Fund, & Principal Sweep Account

2. Core long term portfolio managed by PFM Asset Management

3. Cash basis
* Total rate of return including earnings, distributions, and capital appreciation/depreciation of all portfolio assets

5 CITY OF SANTA CLARA
SUMMARY OF INVESTMENTS AUGUST 31, 2023

PER
COST % OF INVESTMENT

INVESTMENT TYPE VALUE PORTFOLIO POLICY

U.S. Treasury Notes 375,213,198 39.93% No Limit
Federal Agency Notes 118,232,841 12.57% 80%
Corporate Notes 187,942,486 20.00% 25%
Municipal Bonds 2,715,000 0.29% 20%
Supranational Obligations 11,056,812 1.18% 20%
Asset-Backed Securities 25,594,857 2.72% 10%
Negotiable Certificates of Deposit 14,770,000 1.57% 30% Mortgage-Backed Securities 44,275,570 4.71% 15%
Money Market Fund 5,122 0.00% 10% Per Fund
Local Agency Investment Fund (LAIF) 5,761,429 0.61% $75 M California Asset Management Program (CAMP) 151,977,792 16.18% No Limit Mutual Fund - Traffic Mitigation Bond Proceeds 2,249,774 0.24% 10% Per Fund TOTAL INVESTMENTS $ 939,794,881 100.00%

6 MATURITY

INVESTMENT MATURITY DISTRIBUTION
AS OF AUGUST 31, 2023

UNRESTRICTED POOLED PORTFOLIO

NUMBER OF

IIN MONTHS) COST VALUE INVESTMENTS DISTRIBUTION
DEMAND $ 100,744,343 (a) 3 10.75%
0 TO 6 78,954,037 6 8.42%
7 TO 12 56,808,625 10 6.06%
13 TO 18 121,960,456 21 13.01%
19 TO 24 90,543,038 16 9.66%
25 TO 30 110,364,804 23 • 11.76%
31 TO 36 53,927,819 11 5.75%
37 TO 42 61,915,689 12 6.60%
43 TO 48 68,582,855 13 7.32%
49 TO 54 107,504,160 16 11.47%
55 TO 60 84,496,555 16 9.01%
60+ 1,742,726 1 0.19%
TOTAL $ 937,545,107 148 100.00%
Average Maturity of Unrestricted Pool: 2.25 Years
(a) $20 million is earmarked for the City's Electric Utility power-trading. 24%
22%
20%
18%
16%
Q)
"' ~
Q) 14%
~
Q)
Cl.

C: 0
~
12%
,,
E .!<?
0 10%
8%
6%
4%
2%
0%
~o
o#
o"' ,(l,
<:,~ ,._o
'\

INVESTMENT MATURITY DISTRIBUTION

UNRESTRICTED POOLED PORTFO LIO
AS OF AUGU ST 31, 2023
,., ~ ,f ,,., ,'.I, •"' ,._o ,._o ,._o ,._o ,._o ,._o
◊ ~ ,p ~ ~ ,.:.,
Maturity (Months)
~ .,<> ~-,._o ,._o
,?, <l'
City of Santa Clara Monthly Report
8/31/2023
Description Issue Date Coupon  Rate Maturity  Date CUSIP Par Value S&P  Rating Settle  Date Cost  Value YTM  at Cost Market  Value Unrealized  G/L UNITED STATES TREASURY 6/30/2019 1.750% 6/30/2024 9128286Z8 7,250, 000.00 AA+ 12/12/2019 7,253,398.44 1.74% 7,037,067.50 -216,330.94 UNITED STATES TREASURY 6/30/2017 2.000% 6/30/2024 912828XX3 3,200, 000.00 AA+ 8/29/2019 3,287,250.00 1.41% 3,112,128.00 -175,122.00 UNITED STATES TREASURY 7/15/2021 0.375% 7/15/2024 91282CCL3 5, 250,000.00 AA+ 9/10/2021 5,246,718.75 0.40% 5,027,085.00 -219,633.75 UNITED STATES TREASURY 7/31/2017 2.125% 7/31/2024 9128282N9 5,000, 000.00 AA+ 9/10/2019 5,133,315.75 1.56% 4,854,100.00 -279,215.75 UNITED STATES TREASURY 8/31/2017 1.875% 8/31/2024 9128282U3 2,985, 000.00 AA+ 3/10/2020 3,149,640.66 0.62% 2,883,778.65 -265,862.01 UNITED STATES TREASURY 8/31/2019 1.250% 8/31/2024 912828YE4 4,750, 000.00 AA+ 1/5/2021 4,928,867.19 0.21% 3,243,341.91 -1,685,525.28 UNITED STATES TREASURY 10/31/2017 2.250% 10/31/2024 9128283D0 10,000, 000.00 AA+ 11/18/2019 10,290,625.00 1.64% 9,660,200.00 -630,425.00 UNITED STATES TREASURY 11/30/2017 2.125% 11/30/2024 9128283J7 5,000, 000.00 AA+ 1/6/2020 5,118,945.31 1.62% 4,812,700.00 -306,245.31 UNITED STATES TREASURY 1/2/2018 2.250% 12/31/2024 9128283P3 10,000, 000.00 AA+ 1/7/2020 10,300,781.25 1.62% 9,623,800.00 -676,981.25 UNITED STATES TREASURY 1/15/2022 1.125% 1/15/2025 91282CDS7 2, 095,000.00 AA+ 4/12/2022 2,007,026.37 2.71% 1,983,776.45 -23,249.92 UNITED STATES TREASURY 1/31/2020 1.375% 1/31/2025 912828Z52 1,950, 000.00 AA+ 5/7/2021 2,013,146.48 0.50% 1,316,088.09 -697,058.39 UNITED STATES TREASURY 1/31/2020 1.375% 1/31/2025 912828Z52 5,000, 000.00 AA+ 4/22/2020 5,238,671.88 0.37% 6,595,202.50 1,356,530.62 UNITED STATES TREASURY 2/28/2018 2.750% 2/28/2025 9128283Z1 6,200, 000.00 AA+ 3/6/2020 6,850,757.82 0.61% 5,990,998.00 -859,759.82 UNITED STATES TREASURY 8/31/2020 0.250% 8/31/2025 91282CAJ0 4, 120,000.00 AA+ 8/2/2021 4,075,581.25 0.52% 3,761,766.00 -313,815.25 UNITED STATES TREASURY 10/31/2020 0.250% 10/31/2025 91282CAT8 5, 510,000.00 AA+ 6/7/2022 5,024,216.04 3.00% 5,002,253.50 -21,962.54 UNITED STATES TREASURY 10/31/2020 0.250% 10/31/2025 91282CAT8 5, 400,000.00 AA+ 10/7/2021 5,285,882.81 0.78% 4,902,390.00 -383,492.81 UNITED STATES TREASURY 11/30/2020 0.375% 11/30/2025 91282CAZ4 4, 450,000.00 AA+ 11/4/2021 4,327,625.00 1.07% 4,039,087.00 -288,538.00 UNITED STATES TREASURY 12/31/2020 0.375% 12/31/2025 91282CBC4 3, 820,000.00 AA+ 5/3/2021 3,751,956.25 0.76% 3,461,263.80 -290,692.45 UNITED STATES TREASURY 1/31/2021 0.375% 1/31/2026 91282CBH3 7, 735,000.00 AA+ 2/25/2022 7,305,949.22 1.84% 6,981,146.90 -324,802.32 UNITED STATES TREASURY 1/31/2021 0.375% 1/31/2026 91282CBH3 4, 050,000.00 AA+ 1/6/2022 3,906,351.56 1.27% 3,655,287.00 -251,064.56 UNITED STATES TREASURY 1/31/2021 0.375% 1/31/2026 91282CBH3 8, 025,000.00 AA+ 11/30/2021 7,817,478.52 1.01% 7,242,883.50 -574,595.02 UNITED STATES TREASURY 1/31/2021 0.375% 1/31/2026 91282CBH3 8, 710,000.00 AA+ 5/3/2022 7,905,345.70 3.00% 7,861,123.40 -44,222.30 UNITED STATES TREASURY 2/28/2021 0.500% 2/28/2026 91282CBQ3 5, 175,000.00 AA+ 12/7/2021 5,067,214.15 1.15% 4,672,455.75 -394,758.40 UNITED STATES TREASURY 2/28/2021 0.500% 2/28/2026 91282CBQ3 3, 575,000.00 AA+ 8/31/2021 3,542,880.86 0.70% 3,227,831.75 -315,049.11 UNITED STATES TREASURY 5/31/2021 0.750% 5/31/2026 91282CCF6 9, 250,000.00 AA+ 6/8/2022 8,477,480.47 2.99% 8,342,390.00 -135,090.47 UNITED STATES TREASURY 5/31/2021 0.750% 5/31/2026 91282CCF6 5, 860,000.00 AA+ 3/21/2022 5,520,989.84 2.20% 5,285,016.80 -235,973.04 UNITED STATES TREASURY 8/15/2016 1.500% 8/15/2026 9128282A7 5,350, 000.00 AA+ 8/15/2022 5,033,388.67 3.08% 4,903,810.00 -129,578.67 UNITED STATES TREASURY 9/30/2021 0.875% 9/30/2026 91282CCZ2 8, 500,000.00 AA+ 4/5/2022 7,878,769.53 2.61% 7,627,730.00 -251,039.53 UNITED STATES TREASURY 10/31/2021 1.125% 10/31/2026 91282CDG3 5, 700,000.00 AA+ 8/8/2022 5,267,601.56 3.05% 5,138,436.00 -129,165.56 UNITED STATES TREASURY 11/15/2016 2.000% 11/15/2026 912828U24 8,840, 000.00 AA+ 6/8/2022 8,472,242.19 3.01% 8,183,895.20 -288,346.99 UNITED STATES TREASURY 12/31/2021 1.250% 12/31/2026 91282CDQ1 5, 340,000.00 AA+ 4/14/2022 5,000,617.97 2.69% 4,816,039.20 -184,578.77 UNITED STATES TREASURY 2/15/2017 2.250% 2/15/2027 912828V98 7,910, 000.00 AA+ 7/7/2022 7,705,452.34 2.85% 7,355,350.80 -350,101.54 UNITED STATES TREASURY 2/15/2017 2.250% 2/15/2027 912828V98 5,400, 000.00 AA+ 6/13/2022 5,159,109.38 3.29% 5,021,352.00 -137,757.38 UNITED STATES TREASURY 2/15/2017 2.250% 2/15/2027 912828V98 2,100, 000.00 AA+ 4/20/2022 2,040,691.41 2.88% 1,952,748.00 -87,943.41 UNITED STATES TREASURY 3/31/2022 2.500% 3/31/2027 91282CEF4 940,000.00 AA+ 11/30/2022 883,159.38 4.03% 880,808.20 -2,351.18 UNITED STATES TREASURY 4/30/2020 0.500% 4/30/2027 912828ZN3 7,000, 000.00 AA+ 8/3/2022 6,262,812.50 2.89% 6,081,250.00 -181,562.50 UNITED STATES TREASURY 5/15/2017 2.375% 5/15/2027 912828X88 5,400, 000.00 AA+ 8/8/2022 5,248,546.88 3.01% 5,025,402.00 -223,144.88 UNITED STATES TREASURY 6/30/2020 0.500% 6/30/2027 912828ZV5 5,675, 000.00 AA+ 8/15/2022 5,034,789.06 3.00% 4,903,767.50 -131,021.56 UNITED STATES TREASURY 7/31/2022 2.750% 7/31/2027 91282CFB2 10, 800,000.00 AA+ 9/14/2022 10,392,046.88 3.60% 10,166,796.00 -225,250.88 UNITED STATES TREASURY 8/15/2017 2.250% 8/15/2027 9128282R0 11,115, 000.00 AA+ 9/6/2022 10,537,975.20 3.40% 10,262,701.80 -275,273.40 UNITED STATES TREASURY 9/30/2022 4.125% 9/30/2027 91282CFM8 3, 785,000.00 AA+ 11/3/2022 3,760,308.79 4.27% 3,749,950.90 -10,357.89 UNITED STATES TREASURY 10/31/2020 0.500% 10/31/2027 91282CAU5 21, 480,000.00 AA+ 1/6/2023 18,292,401.56 3.91% 18,352,726.80 60,325.24 UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU0 4, 750,000.00 AA+ 1/31/2023 4,833,310.55 3.72% 4,705,635.00 -127,675.55 UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU0 5, 100,000.00 AA+ 12/13/2022 5,165,343.75 3.83% 5,052,366.00 -112,977.75 9/13/2023 4:38 PM 1 of 5
Attachment A
City of Santa Clara Monthly Report
8/31/2023
Description Issue Date Coupon  Rate Maturity  Date CUSIP Par Value S&P  Rating Settle  Date Cost  Value YTM  at Cost Market  Value Unrealized  G/L UNITED STATES TREASURY 10/31/2022 4.125% 10/31/2027 91282CFU0 10, 930,000.00 AA+ 12/8/2022 11,081,995.31 3.81% 10,827,913.80 -254,081.51 UNITED STATES TREASURY 12/31/2022 3.875% 12/31/2027 91282CGC9 7, 325,000.00 AA+ 2/8/2023 7,333,583.98 3.85% 7,190,806.00 -142,777.98 UNITED STATES TREASURY 12/31/2022 3.875% 12/31/2027 91282CGC9 4, 850,000.00 AA+ 2/2/2023 4,906,078.13 3.62% 4,761,148.00 -144,930.13 UNITED STATES TREASURY 12/31/2022 3.875% 12/31/2027 91282CGC9 8, 255,000.00 AA+ 1/31/2023 8,320,459.57 3.70% 8,103,768.40 -216,691.17 UNITED STATES TREASURY 1/31/2021 0.750% 1/31/2028 91282CBJ9 5, 815,000.00 AA+ 2/7/2023 5,009,758.79 3.83% 4,987,525.50 -22,233.29 UNITED STATES TREASURY 1/31/2023 3.500% 1/31/2028 91282CGH8 7, 505,000.00 AA+ 5/16/2023 7,508,517.97 3.49% 7,257,259.95 -251,258.02 UNITED STATES TREASURY 2/28/2023 4.000% 2/29/2028 91282CGP0 7, 360,000.00 AA+ 5/16/2023 7,532,500.00 3.46% 7,269,472.00 -263,028.00 UNITED STATES TREASURY 2/28/2023 4.000% 2/29/2028 91282CGP0 6, 600,000.00 AA+ 3/7/2023 6,526,781.25 4.25% 6,518,820.00 -7,961.25 UNITED STATES TREASURY 3/31/2021 1.250% 3/31/2028 91282CBS9 5,470, 000.00 AA+ 5/10/2023 4,912,530.08 3.54% 4,780,506.50 -132,023.58 UNITED STATES TREASURY 3/31/2021 1.250% 3/31/2028 91282CBS9 5,820, 000.00 AA+ 5/9/2023 5,236,408.59 3.50% 5,086,389.00 -150,019.59 UNITED STATES TREASURY 3/31/2023 3.625% 3/31/2028 91282CGT2 5, 765,000.00 AA+ 5/4/2023 5,816,569.73 3.42% 5,604,214.15 -212,355.58 UNITED STATES TREASURY 3/31/2023 3.625% 3/31/2028 91282CGT2 5, 030,000.00 AA+ 5/2/2023 5,023,712.50 3.65% 4,889,713.30 -133,999.20 UNITED STATES TREASURY 4/30/2023 3.500% 4/30/2028 91282CHA2 5, 075,000.00 AA+ 5/2/2023 5,042,488.28 3.64% 4,906,510.00 -135,978.28 UNITED STATES TREASURY 5/31/2023 3.625% 5/31/2028 91282CHE4 11, 735,000.00 AA+ 6/5/2023 11,695,577.73 3.70% 11,413,226.30 -282,351.43 UNITED STATES TREASURY 6/30/2023 4.000% 6/30/2028 91282CHK0 11, 300,000.00 AA+ 7/10/2023 11,117,699.22 4.36% 11,164,965.00 47,265.78 UNITED STATES TREASURY 6/30/2023 4.000% 6/30/2028 91282CHK0 1, 700,000.00 AA+ 7/3/2023 1,687,183.59 4.17% 1,679,685.00 -7,498.59 UNITED STATES TREASURY 7/31/2023 4.125% 7/31/2028 91282CHQ7 4, 950,000.00 AA+ 8/2/2023 4,921,962.89 4.25% 4,920,993.00 -969.89 UNITED STATES TREASURY 8/31/2023 4.375% 8/31/2028 91282CHX2 1, 735,000.00 AA+ 8/31/2023 1,742,726.17 4.28% 1,745,704.95 2,978.78 U.S. Treasury Bond / Note Subtotal 386,765,000.00 375,213,197.95 361,864,547.75 -13,348,650.20 FANNIE MAE 7/8/2019 1.750% 7/2/2024 3135G0V75 15,000,000.00 AA+ 12/18/2019 15,566,089.75 0.90% 14,541,900.00 -1,024,189.75 FANNIE MAE 1/10/2020 1.625% 1/7/2025 3135G0X24 7,500,000. 00 AA+ 1/22/2020 7,499,025.00 1.63% 7,158,675.00 -340,350.00 FANNIE MAE 4/24/2020 0.625% 4/22/2025 3135G03U5 10,000,000. 00 AA+ 5/7/2020 10,050,600.00 0.52% 9,314,500.00 -736,100.00 FANNIE MAE 11/12/2020 0.500% 11/7/2025 3135G06G3 1,860,000. 00 AA+ 12/29/2020 1,864,929.00 0.44% 1,694,608.80 -170,320.20 FNMA Medium Term Note Subtotal 34,360,000.00 34,980,643.75 32,709,683.80 -2,270,959.95 FEDERAL FARM CREDIT BANKS 2/27/2019 2.610% 2/27/2024 3133EKBW5 5,000,000.00 AA+ 3/20/2019 5,033,150.00 2.47% 4,932,250.00 -100,900.00 FEDERAL FARM CREDIT BANKS 4/22/2019 2.450% 7/22/2024 3133EKHV1 5,000,000.00 AA+ 9/4/2019 5,250,650.00 1.38% 4,877,750.00 -372,900.00 FEDERAL FARM CREDIT BANKS 11/1/2019 1.650% 11/1/2024 3133EK4Y9 5,000,000.00 AA+ 11/8/2019 4,962,850.00 1.81% 4,798,350.00 -164,500.00 FEDERAL FARM CREDIT BANKS 1/23/2020 1.650% 1/23/2025 3133ELJM7 7,320,000.00 AA+ 5/18/2020 7,689,367.20 0.56% 6,983,499.60 -705,867.60 FEDERAL FARM CREDIT BANKS 5/14/2020 0.500% 5/14/2025 3133ELZM9 10,000,000.00 AA+ 5/15/2020 9,982,800.00 0.53% 9,272,600.00 -710,200.00 FEDERAL FARM CREDIT BANKS 6/9/2020 0.500% 6/9/2025 3133ELH23 10,000,000.00 AA+ 6/12/2020 9,997,540.00 0.50% 9,253,800.00 -743,740.00 FFCB Medium Term Note Subtotal 42,320,000.00 42,916,357.20 40,118,249.60 -2,798,107.60 FEDERAL FARM CREDIT BANKS 7/2/2020 0.500% 7/2/2025 3133ELR71 10,000,000.00 AA+ 7/14/2020 10,017,640.00 0.46% 9,210,400.00 -807,240.00 FFCB Coupon Note Subtotal 10,000,000.00 10,017,640.00 9,210,400.00 -807,240.00 FEDERAL HOME LOAN BANKS 5/8/2014 2.875% 6/14/2024 3130A1XJ2 5,000,000.00 AA+ 11/20/2019 5,270,205.00 1.64% 4,906,350.00 -363,855.00 FEDERAL HOME LOAN BANKS 11/6/2014 2.750% 12/13/2024 3130A3GE8 5,000,000.00 AA+ 3/12/2020 5,461,300.00 0.77% 4,848,250.00 -613,050.00 FHLB Medium Term Note Subtotal 10,000,000.00 10,731,505.00 9,754,600.00 -976,905.00 FREDDIE MAC 2/14/2020 1.500% 2/12/2025 3137EAEP0 5,000,000. 00 AA+ 5/20/2020 5,226,960.00 0.53% 4,748,000.00 -478,960.00 FREDDIE MAC 8/30/2022 4.050% 8/28/2025 3134GXS54 5,000,000. 00 AA+ 8/30/2022 4,998,000.00 4.06% 4,879,800.00 -118,200.00 FREDDIE MAC 9/25/2020 0.375% 9/23/2025 3137EAEX3 9,390,000. 00 AA+ 9/25/2020 9,361,736.10 0.44% 8,567,811.60 -793,924.50 FHLMC Medium Term Note Subtotal 19,390,000.00 19,586,696.10 18,195,611.60 -1,391,084.50 9/13/2023 4:38 PM 2 of 5
Attachment A
City of Santa Clara Monthly Report
8/31/2023
Description Issue Date Coupon  Rate Maturity  Date CUSIP Par Value S&P  Rating Settle  Date Cost  Value YTM  at Cost Market  Value Unrealized  G/L FANNIEMAE-ACES 7/1/2023 4.190% 7/1/2028 3136BQDE6 7,600,000.00 AA+ 7/31/2023 7,471,156.25 4.58% 7,600,000.00 128,843.75

FHLMC MULTIFAMILY
STRUCTURED P 1/30/2017 3.347% 11/1/2026 3137BTUM1 5,354,000.00 AA+ 5/ 24/2023 5,189,197.19 4.31% 5,081,320.78 -107,876.41

FHLMC MULTIFAMILY
STRUCTURED P 5/15/2017 3.224% 3/1/2027 3137BXQY1 8,000,000.00 AA+ 8/18/2023 7,546,250.00 4.98% 7,555,840.00 9,590.00

FHLMC MULTIFAMILY
STRUCTURED P 7/1/2017 3.243% 4/1/2027 3137F1G44 4,545,000.00 AA+ 8/18/2023 4,285,260.35 4.97% 4,288,389.30 3,128.95

FHLMC MULTIFAMILY
STRUCTURED P 8/1/2017 3.117% 6/1/2027 3137F2LJ3 6,525,000.00 AA+ 8/22/2023 6,101,894.53 5.01% 6,120,711.00 18,816.47

FHLMC MULTIFAMILY
STRUCTURED P 7/1/2023 4.819% 6/1/2028 3137HACX2 7,500,000.00 AA+ 7/20/2023 7,574,910.00 4.59% 7,474,050.00 -100,860.00

FHLMC MULTIFAMILY
STRUCTURED P 7/1/2023 4.777% 6/1/2028 3137HAD45 6,107,054.19 AA+ 7/27/2023 6,106,901.51 4.78% 6,056,426.71 -50,474.80 Federal Agency Commercial Mortgage-Backed Security Subtotal 45,631,054.19 44,275,569.83 44,176,737.79 -98,832.04

INTER-AMERICAN
DEVELOPMENT BANK 9/23/2021 0.500% 9/23/2024 4581X0DZ8 11,065,000.00 AAA 9/23/2021 11,056,811.90 0.52% 10,509,426.35 -547,385.55 Supranational Subtotal 11,065,000.00 11,056,811.90 10,509,426.35 -547,385.55

LOS ANGELES COMMUNITY
COLLEGE DISTRICT C 11/10/2020 0.773% 8/1/2025 54438CYK2 2,715,000.00 AA+ 11/10/2020 2,715,000.00 0.77% 2,489,519.25 -225,480.75 Municipals Subtotal 2,715,000.00 2,715,000.00 2,489,519.25 -225,480.75 3M COMPANY 9/14/2018 3.250% 2/14/ 2024 88579YBB6 5,000,000.00 BBB+ 11/29/2021 5,241,250.00 1.03% 4,943,750.00 -297,500.00 3M COMPANY 3/27/2020 2.650% 4/15/ 2025 88579YBM2 2,560,000.00 BBB+ 4/25/2022 2,511,616.00 3.32% 2,442,342.40 -69,273.60 ADOBE INC 1/26/2015 3.250% 2/1/2025 00724FAC5 4,000,000.00 A+ 1/26/2022 4,183, 680.00 1.68% 3,894,520.00 -289,160.00 ALPHABET INC 8/9/2016 1.998% 8/15/2026 02079KAC1 5,740,000. 00 AA+ 1/30/2023 5,354,386.80 4.05% 5,312,370.00 -42,016.80 AMAZON.COM INC 5/12/2021 0.450% 5/12/2024 023135BW5 4,000, 000.00 AA 3/14/2022 3,932,438.89 1.94% 3,866,680.00 -65,758.89 AMAZON.COM INC 5/12/2021 0.450% 5/12/2024 023135BW5 245, 000.00 AA 5/12/2021 244,642.30 0.50% 236,834.15 -7,808.15 AMAZON.COM INC 4/13/2022 3.300% 4/ 13/2027 023135CF1 6,715,000.00 AA 4/25/2022 6, 672,964.10 3.44% 6,391,807.05 -281,157.05 APPLE INC 11/13/2017 2.750% 1/13/2025 037833DF4 5,000,000.00 AA+ 3/29/2021 5,355,200.00 0.84% 4,844,850.00 -510,350.00 APPLE INC 11/13/2017 2.750% 1/13/2025 037833DF4 5,000,000.00 AA+ 3/9/2021 5,340,100.00 0.94% 4,844,850.00 -495,250.00 BANK OF AMERICA CORP 3/22/2022 3.384% 4/2/2026 06051GKM0 5, 000,000.00 A- 3/22/2022 5,005,100.00 3.36% 4,805,200.00 -199,900.00 BANK OF AMERICA CORP 8/18/2023 5. 526% 8/18/2026 06428CAA2 4,000,000.00 A+ 8/18/2023 3,998,360.00 5.54% 4,019,440.00 21,080.00 BANK OF AMERICA CORP 4/22/2021 1.734% 7/22/2027 06051GJS9 1, 420,000.00 A- 8/10/2022 1,281,251.80 3.92% 1,270,601.80 -10,650.00 BANK OF NY MELLON CORP 1/28/2021 0.750% 1/28/2026 06406RAQ0 9 ,000,000.00 A 2/10/2021 9,025,920.00 0.69% 8,126,190.00 -899,730.00 BLACKROCK INC 3/28/2017 3.200% 3/15/ 2027 09247XAN1 4,140,000.00 AA- 5/18/2022 4,086,055.80 3.50% 3,930,805.80 -155,250.00 BLACKROCK INC 3/28/2017 3.200% 3/15/ 2027 09247XAN1 4,140,000.00 AA- 5/18/2022 4,085,352.00 3.50% 3,930,805.80 -154,546.20 BRISTOL-MYERS SQUIBB CO 11/13/2020 0.750% 11/13/2025 110122DN5 5, 725,000.00 A+ 6/30/2021 5,672,673.50 0.96% 5,216,104.75 -456,568.75

CATERPILLAR FINANCIAL
SERVICES CORP 1/10/2022 0.950% 1/10/2024 14913R2S5 3,100,000.00 A 3/14/2022 3,045,409.00 1.94% 3,050,772.00 5,363.00

CATERPILLAR FINANCIAL
SERVICES CORP 1/10/2022 0.950% 1/10/2024 14913R2S5 2,535,000.00 A 1/10/2022 2,534,594.40 0.96% 2,494,744.20 -39,850.20 9/13/2023 4:38 PM 3 of 5
Attachment A
City of Santa Clara Monthly Report
8/31/2023
Description Issue Date Coupon  Rate Maturity  Date CUSIP Par Value S&P  Rating Settle  Date Cost  Value YTM  at Cost Market  Value Unrealized  G/L ELI LILLY & CO 3/5/2015 2.750% 6/1/2025 532457BH0 5,415,000. 00 A+ 2/10/2022 5,559,255.60 1.91% 5,201,919.75 -357,335.85 HERSHEY COMPANY 8/21/2015 3.200% 8/21/2025 427866AU2 3,000, 000.00 A 3/30/2022 3,014,040.00 3.05% 2,893,800.00 -120,240.00 HOME DEPOT INC 9/14/2017 2.800% 9/14/2027 437076BT8 7,805, 000.00 A 1/27/2023 7,364,719.95 4.15% 7,253,342.60 -111,377.35 HONEYWELL INTERNATIONAL 5/18/2020 1.350% 6/1/2025 438516CB0 2,255,000.00 A 3/22/2022 2,181,960.55 2.41% 2,113,588.95 -68,371.60 HONEYWELL INTERNATIONAL 5/18/2020 1.350% 6/1/2025 438516CB0 5,000,000.00 A 9/8/2021 5,097,900.00 0.82% 4,686,450.00 -411,450.00 JOHN DEERE CAPITAL CORP 6/17/2021 1.050% 6/17/2026 24422EVR7 5 ,000,000.00 A 12/8/2021 4,908,600.00 1.47% 4,495,650.00 -412,950.00 JOHN DEERE CAPITAL CORP 7/14/2023 4.950% 7/14/2028 24422 EXB0 605,000.00 A 7/18/2023 610,874.55 4.73% 607,002.54 -3,872.01 JOHN DEERE CAPITAL CORP 7/14/2023 4.950% 7/14/2028 24422EXB0 505,000.00 A 7/14/2023 504,247.55 4.98% 506,671.56 2,424.01 JOHNSON & JOHNSON 8/25/2020 0.550% 9/1/2025 478160CN2 5,000,000.00 AAA 9/3/2020 5,023,550.00 0.45% 4,577,300.00 -446,250.00 JPMORGAN CHASE & CO 9/16/2020 0.653% 9/16/2024 46647PBS4 2,675,000.00 A- 9/16/2020 2,675,000.00 0.65% 2,669,543.00 -5,457.00 JPMORGAN CHASE & CO 8/10/2021 0.768% 8/9/2025 46647PCM6 2,340,000.00 A- 8/10/2021 2,340,000.00 0.77% 2,223,070.20 -116,929.80 JPMORGAN CHASE & CO 3/13/2020 2.005% 3/13/2026 46647PBH8 2, 800,000.00 A- 3/22/2022 2,712,500.00 2.84% 2,641,492.00 -71,008.00 JPMORGAN CHASE & CO 4/22/2021 1.578% 4/22/2027 46647PCB0 4, 100,000.00 A- 8/10/2022 3,710,746.00 3.80% 3,681,595.00 -29,151.00 MASTERCARD INC 12/3/2019 2.000% 3/3/2025 57636QAN4 5,000, 000.00 A+ 3/10/2022 4,990,800.00 2.06% 4,777,000.00 -213,800.00 MASTERCARD INC 12/3/2019 2.000% 3/3/2025 57636QAN4 5,000, 000.00 A+ 3/9/2021 5,213,450.00 0.91% 4,777,000.00 -436,450.00 MERCK & CO INC 3/7/2019 2.900% 3/7/2024 58933YAU9 5,375, 000.00 A+ 11/23/2021 5,623,916.25 0.85% 5,301,631.25 -322,285.00 MICROSOFT CORP 2/12/2015 2.700% 2/12/2025 594918BB9 5,000,000. 00 AAA 3/9/2021 5,341,700.00 0.92% 4,835,750.00 -505,950.00 MICROSOFT CORP 11/3/2015 3.125% 11/3/2025 594918BJ2 5,100,000. 00 AAA 1/25/2023 4,940,982.00 4.33% 4,921,551.00 -19,431.00 NOVARTIS CAPITAL CORP 11/20/2015 3.000% 11/20/2025 66989HAJ7 10,000,000.00 AA- 1/31/2023 9,638,600.00 4.38% 9,565,300.00 -73,300.00 QUALCOMM INC 5/20/2015 3.450% 5/20/2025 747525AF0 5,850,000. 00 A 5/19/2022 5,860,588.50 3.39% 5,682,924.00 -177,664.50 STATE STREET BANK & TR 2/7/2022 1.746% 2/6/2026 857477BR3 1,115,000.00 A 2/7/2022 1,115,000.00 1.75% 1,053,608.10 -61,391.90 STATE STREET BANK & TR 10/29/2020 2.901% 3/30/2026 857477BM4 4, 250,000.00 A 3/14/2022 4,275,372.50 2.74% 4,069,927.50 -205,445.00 TARGET CORP 1/24/2022 1.950% 1/15/2027 87612EBM7 4,595,000. 00 A 2/1/2022 4,567,889.50 2.08% 4,189,399.35 -378,490.15 TARGET CORP 1/24/2022 1.950% 1/15/2027 87612EBM7 990,000.00 A 1/24/2022 988,317.00 1.99% 902,612.70 -85,704.30 TOYOTA MOTOR CREDIT CORP 1/11/2021 0.450% 1/11/2024 89236THU2 6,100,000.00 A+ 1/11/2021 6,099,634.00 0.45% 5,992,396.00 -107,238.00 WAL-MART STORES INC 6/27/2018 3.550% 6/26/2025 931142ED1 5, 700,000.00 AA 2/8/2022 6,011,847.00 1.87% 5,548,779.00 -463,068.00 Corporate Note Subtotal 187,895,000.00 187,942,485.54 178,791,972.45 -9,150,513.09 BANK OF AMERICA AUTO TRUST 7/31/2023 5.530% 2/15/2028 06428AAC2 3,120,000.00 NR 7/31/2023 3,119,881.75 5.53% 3,131,013.60 11,131.85 CARMAX AUTO OWNER TRUST 4/21/2021 0.520% 2/17/2026 14314QAC8 1,355,660.76 AAA 4/21/2021 1,355,368.64 0.52% 1,315,140.07 -40,228.57

DISCOVER CARD EXECUTION
NOTE TRUST 9/27/2021 0.580% 9/15/2026 254683CP8 2,100,000.00 AAA 9/27/2021 2,099,550.39 0.58% 1,993,005.00 -106,545.39 FIFTH THIRD AUTO TRUST 8/23/2023 5.530% 8/15/2028 31680EAD3 5,270,000.00 AAA 8/23/2023 5,269,673.26 5.53% 5,284,123.60 14,450.34

HONDA AUTO RECEIVABLES
OWNER T 11/24/2021 0.880% 1/21/2026 43815GAC3 1,479,151.30 NR 11/ 24/2021 1,478,839.49 0.89% 1,423,431.67 -55,407.82

HONDA AUTO RECEIVABLES
OWNER T 8/22/2023 5.410% 2/18/2028 43815QAC1 4,825,000.00 AAA 8/22/2023 4,824,005.09 5.42% 4,837,496.75 13,491.66

HYUNDAI AUTO RECEIVABLES
TRUST 4/28/2021 0.380% 9/15/2025 44933LAC7 764,754.39 AAA 4/28/2021 764,673.94 0.38% 747,998.62 -16,675.32

HYUNDAI AUTO RECEIVABLES
TRUST 11/17/2021 0.740% 5/15/2026 44935FAD6 1,141,895.88 AAA 11/17/2021 1,141,641.02 0.75% 1,101,998.04 -39,642.98 KUBOTA CREDIT OWNER TRUST 7/26/2023 5.280% 1/18/2028 500945AC4 1,925,000.00 NR 7/26/2023 1,924,513.75 5.29% 1,921,342.50 -3,171.25

TOYOTA AUTO RECEIVABLES
OWNER 9/27/2021 0.430% 1/15/2026 89239BAC5 2,112,218.13 AAA 9/27/2021 2,112,049.79 0.43% 2,040,444.96 -71,604.83

TOYOTA AUTO RECEIVABLES
OWNER 8/15/2023 5.160% 4/17/2028 89231FAD2 1,505,000.00 AAA 8/15/2023 1,504,659.57 5.17% 1,501,297.70 -3,361.87 Asset-Backed Security Subtotal 25,598,680.46 25,594,856.69 25,297,292.51 -297,564.18 9/13/2023 4:38 PM 4 of 5
Attachment A
City of Santa Clara Monthly Report
8/31/2023
Description Issue Date Coupon  Rate Maturity  Date CUSIP Par Value S&P  Rating Settle  Date Cost  Value YTM  at Cost Market  Value Unrealized  G/L COOPERATIEVE RABOBANK U.A. 7/20/2023 5.080% 7/17/2026 21684LGS5 7,500,000.00 A+ 7/20/2023 7,500,000.00 5.08% 7,507,350.00 7,350.00 TORONTO DOMINION BANK NY 10/31/2022 5.470% 10/25/2024 89115B6F2 7 ,270,000.00 A 10/31/2022 7,270,000.00 5.44% 7,260,258.20 -9,741.80 Certificate of Deposit Subtotal 14,770,000.00 14,770,000.00 14,767,608.20 -2,391.80

PRINCIPAL PUBLIC DEPOSIT
SWEEP PROGRAM 2.850% 9/1/2023 992995944 5,122.16 9/1/2020 5,122.16 5,122.16 -

LOCAL AGENCY INVESTMENT
FUND 3.434% 9/1/2023 5,761,428.75 9/30/1997 5,761,428.75 5,761,428.75 -

CALIFORNIA ASSET
MANAGEMENT PROGRAM 5.520% 9/1/2023 94,977,791.92 10/4/2022 94,977,791.92 94,977,791.92 -

CALIFORNIA ASSET
MANAGEMENT PROGRAM TERM 5.410% 9/6/2023 57,000,000.00 6/6/2023 57,000,000.00 57,000,000.00 - DREYFUS TREASURY 5.190% 9/1/2023 2,249,773.91 10/31/1997 2,249,773.91 2,249,773.91 - Cash Equivalent Subtotal 159,994,116.74 159,994,116.74 159,994,116.74 - Grand Total Count 149 950,503,851.39 939,794,880.70 907,879,766.04 (31,915,114.66) 9/13/2023 4:38 PM 5 of 5
Attachment A
Attachment 5
Department/Item
Source of
Funds
Use of
Funds Explanation
Developer Contributions /
Public Works Department
3,600 3,600 Increases the Developer Contributions revenue estimate and the Public Works Department budget
to recognize a deposit for the expedited plan review
and/or field inspection services. The collected
revenue will be utilized to compensate the third-
party inspection team that covers the work outside
of the regular working hours (five affirmative
Council votes required to appropriate additional
revenue).

Transfer to the Parks &
Recreation Capital Fund
(Central Park Master Plan -
Aquatic Center Planning &
Design)
241,000 Establishes a Transfer to the Parks & Recreation Capital Fund for the Central Park Master Plan -
Aquatic Center Planning & Design project. This
action changes the project's funding source from
Mitigation Fee Act (MFA) funds to the General Fund
Capital Projects Reserve (CPR) given the focus of
Phase 1 of the project on a forensic
engineering/architectural and failure study of the
International Swim Center facility which is more
appropriately funded by the General Fund. This
allocates funding from the International Swim
Center (ISC) insurance settlement ($241,000 of the
$800,000) that was set aside in the General Fund
Capital Project Reserve (five affirmative Council
votes required for the use of unused balances).

Capital Project Reserve (241,000) Decreases the Capital Project Reserve to transfer $241,000 to the Parks & Recreation Capital Fund to
fund Phase 1 of the Central Park Master Plan -
Aquatic Center Planning & Design project as
described above (five affirmative Council votes
required for the use of unused balances).
3,600 3,600
General Fund (001)
FY2023/24 Budget Amendments
1 Attachment 5
FY2023/24 Budget Amendments
Department/Item
Source of
Funds
Use of
Funds Explanation
Other Revenue (Developer
Contributions) / Transmission
and Distribution Capital
Maintenance and Betterments
Project
519,612 519,612 Increases the Other Revenue estimate and the Transmission and Distribution Capital Maintenance
and Betterments project to support a customer
related deposit agreement to provide upgrades and
equipment installation services to accommodate
Customer's Distributed Energy Resource (DER)
system. The scope of work to be performed by
SVP includes the purchase and installation by SVP
personnel of equipment identified as system
upgrades necessary to interconnect the Customer's
system to Silicon Valley Power's distribution system
(five affirmative Council votes required to
appropriate additional revenue).
519,612 519,612
Department/Item
Source of
Funds
Use of
Funds Explanation
Transfer From the General
Fund - Capital Project Reserve
241,000 Establishes a Transfer from the General Fund - Capital Project Reserve for the Central Park Master
Plan - Aquatic Center Planning & Design project.

This action changes the project's funding source
from Mitigation Fee Act (MFA) funds to the General
Fund Capital Projects Reserve (CPR) given the
focus of Phase 1 of the project on a forensic
engineering/architectural and failure study of the
International Swim Center facility which is more
appropriately funded by the General Fund. This
allocates funding from the International Swim
Center (ISC) insurance settlement ($241,000 of the
$800,000) that was set aside in the General Fund
Capital Project Reserve (five affirmative Council
votes required to appropriate additional
revenue).

Ending Fund Balance 241,000 Increases the Ending Fund Balance to offset the actions above (five affirmative Council votes
required to appropriate additional revenue).
241,000 241,000
Parks & Recreation Capital Fund (532)
Electric Utility Capital Fund (591)
2 City of Santa Clara
Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
23-1222 Agenda Date: 10/24/2023

REPORT TO COUNCIL

SUBJECT
Action on the Approval and Acceptance of $17,289 in FY 23 Edward Byrne Memorial Justice Assistance Grant Funding to be Used for the Purchase of Front Line Law Enforcement Equipment and Related Budget Amendment

COUNCIL PILLAR
Deliver and Enhance High Quality Efficient Services and Infrastructure

BACKGROUND
In early 2005, the Bureau of Justice Administration (BJA) made the decision to combine the Byrne Formula Grant and the Local Law Enforcement Block Grant (LLEBG) Programs into the Edward Byrne Memorial Justice Assistance Grant (JAG) program. JAG is the primary provider of federal criminal justice funding to states and units of local government.

The JAG Program allows states and units of local government, including tribes, to support a broad range of activities to prevent and control crime based on their own state and local needs and conditions. Grant funds can be used for state and local initiatives, technical assistance, training, personnel, equipment, supplies, contractual support, and information systems for criminal justice, including for any one or more of the following program areas:
· law enforcement programs;
· prosecution and court programs;
· prevention and education programs;
· corrections and community corrections programs;
· drug treatment and enforcement programs;
· planning, evaluation, and technology improvement programs; · crime victim and witness programs (other than compensation); and, · mental health programs and related law enforcement and corrections programs, including behavioral programs and crisis intervention teams.

The Police Department has had the good fortune to be awarded approximately $125,970 in JAG funds since Fiscal Year 2011/12.

According to the FY 2023/24 Solicitation, the Police Department was eligible to receive up to $17,289.

DISCUSSION
The Police Department sought $17,289 in JAG 23 funding to fund breaching equipment, shields and City of Santa Clara Printed on 10/20/2023Page 1 of 3
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23-1222 Agenda Date: 10/24/2023
a respirator fit testing machine. This request was approved and funded in full. The items to be purchased are front line law enforcement equipment, and this source of grant funding does not supplant any other source of funding for this purchase.

This grant solicitation has an award condition to direct 3% of the JAG award toward achieving full compliance with the Federal Bureau of Investigation’s National Incident Based Reporting System (NIBRS) data submission requirements under the Uniform Crime Report Program. The Police Department went “live” with a new Records Management System (Mark43) on September 2021 and received NIBRS certification in September 2022. As a result, the Police Department has not earmarked any JAG 23 funds for NIBRS.

Additionally, up to 10% of a JAG award, or $1,723, may be used for costs associated with administering the award, which can include indirect costs.

This funding cycle concludes on September 30, 2024.

ENVIRONMENTAL REVIEW
The action being considered does not constitute a “project” within the meaning of the California Environmental Quality Act (“CEQA”) pursuant to CEQA Guidelines section 15378(b)(5) in that it is a governmental organizational or administrative activity that will not result in direct or indirect changes in the environment.

FISCAL IMPACT
Acceptance and appropriation of this Edward Byrne Memorial Justice Assistance Grant funding will support the Department’s training efforts and pending policy adjustments.

Budget Amendment
FY 2023/24
Current Increase/
(Decrease)
Revised
Police Department Operating
Grant Trust Fund
Revenue
Grant Funding $0 $17,289 $17,289
Expenditure
FY 23 Edward Byrne Memorial
Justice Assistance Grant
$0 $17,289 $17,289

COORDINATION
This report was coordinated with the Finance Department and the City Attorney’s Office.

PUBLIC CONTACT
Public contact was made by posting the Council agenda on the City’s official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City City of Santa Clara Printed on 10/20/2023Page 2 of 3
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23-1222 Agenda Date: 10/24/2023
Clerk’s Office at (408) 615-2220, email [email protected] <mailto:[email protected]>.

RECOMMENDATION

1. Accept and approve the FY 23 Edward Byrne Memorial Justice Assistance Grant funding of $17,289;

2. Approve the related FY 2023/24 budget amendment in the Police Operating Grant Trust Fund to recognize grant revenue in the amount of $17,289 and establish an Edward Byrne Memorial Justice Assistance Grant Program 2023 appropriation in the amount of $17,289 (five affirmative Council votes required to appropriate additional revenue );

3. Authorize the City Manager, Finance Director and Senior Management Analyst to sign grant- related documents; and,

4. Authorize the City Manager to execute purchase order(s), subject to the appropriation of funds, to purchase the front line law enforcement equipment described in the staff report.

Reviewed by: Pat Nikolai, Chief of Police
Approved by: Jōvan D. Grogan, City Manager

ATTACHMENTS

1. FY 23 Edward Byrne Memorial Justice Assistance Grant Funding Allocation

2. FY 23 Edward Byrne Memorial Justice Assistance Grant Award Package City of Santa Clara Printed on 10/20/2023Page 3 of 3
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State Jurisdiction Name Government Type Direct Allocation Joint Allocation CA ALAMEDA COUNTY County $55,145
CA ALAMEDA CITY Municipal $14,839
CA BERKELEY CITY Municipal $47,931
CA EMERYVILLE CITY Municipal $12,197
CA FREMONT CITY Municipal $36,038
CA HAYWARD CITY Municipal $48,152
CA LIVERMORE CITY Municipal $14,949
CA OAKLAND CITY Municipal $458,474
CA SAN LEANDRO CITY Municipal $38,241
CA UNION CITY CITY Municipal $20,923 $746,889
CA BUTTE COUNTY County $26,182
CA CHICO CITY Municipal $47,023 $73,205
CA CONTRA COSTA COUNTY County $25,604
CA ANTIOCH CITY Municipal $50,685
CA CONCORD CITY Municipal $44,380
CA RICHMOND CITY Municipal $90,412 $211,081
CA FRESNO COUNTY County $103,324
CA FRESNO CITY Municipal $313,523 $416,847
CA KINGS COUNTY County *
CA HANFORD CITY Municipal $23,456
CA LEMOORE CITY Municipal $11,508 $34,964
CA LASSEN COUNTY County *
CA SUSANVILLE CITY Municipal $14,674 $14,674
CA LOS ANGELES COUNTY County $466,898
CA LOS ANGELES CITY Municipal $2,433,960 $2,900,858
CA MARIN COUNTY County *
CA NOVATO CITY Municipal $13,297
CA SAN RAFAEL CITY Municipal $19,712 $33,009
CA MONTEREY COUNTY County $20,153
CA SALINAS CITY Municipal $72,379 $92,532
2023 California Local JAG Allocations
Listed below are all jurisdictions in the state that are eligible for FY 2023 JAG funding, as determined by the JAG formula. For additional details regarding the JAG formula and award calculation process, with examples, please refer to the JAG Technical report here:
https://bjs.ojp.gov/library/publications/justice-assistance-grant-jag-program-2021 and current JAG Frequently Asked Questions here:
https://bja.ojp.gov/program/jag/frequently-asked-questions.

Finding your jurisdiction:
(1) Disparate jurisdictions are listed in shaded groups below, in alphabetic order by county. (2) Direct allocations are listed alphabetically below the shaded, disparate groupings. (3) Counties that have an asterisk (*) under the “Direct Allocation" column did not submit the level of violent crime data to qualify for a direct award from BJA, but are in the disparate grouping indicated by the shaded area. The JAG legislation requires these counties to remain a partner with the local jurisdictions receiving funds and must be a signatory on the required Memorandum of Understanding (MOU). A sample MOU is provided online at: https://www.bja.gov/Funding/JAGMOU.pdf. Disparate jurisdictions do not need to abide by the listed individual allocations, which are provided for information only. Jurisdictions in a funding disparity are responsible for determining individual amounts within the Eligible Joint Allocation and for documenting individual allocations in the MOU. 1 State Jurisdiction Name Government Type Direct Allocation Joint Allocation 2023 California Local JAG Allocations
Listed below are all jurisdictions in the state that are eligible for FY 2023 JAG funding, as determined by the JAG formula. For additional details regarding the JAG formula and award calculation process, with examples, please refer to the JAG Technical report here:
https://bjs.ojp.gov/library/publications/justice-assistance-grant-jag-program-2021 and current JAG Frequently Asked Questions here:
https://bja.ojp.gov/program/jag/frequently-asked-questions.

Finding your jurisdiction:
(1) Disparate jurisdictions are listed in shaded groups below, in alphabetic order by county. (2) Direct allocations are listed alphabetically below the shaded, disparate groupings. (3) Counties that have an asterisk (*) under the “Direct Allocation" column did not submit the level of violent crime data to qualify for a direct award from BJA, but are in the disparate grouping indicated by the shaded area. The JAG legislation requires these counties to remain a partner with the local jurisdictions receiving funds and must be a signatory on the required Memorandum of Understanding (MOU). A sample MOU is provided online at: https://www.bja.gov/Funding/JAGMOU.pdf. Disparate jurisdictions do not need to abide by the listed individual allocations, which are provided for information only. Jurisdictions in a funding disparity are responsible for determining individual amounts within the Eligible Joint Allocation and for documenting individual allocations in the MOU.

CA NAPA COUNTY County *
CA NAPA CITY Municipal $22,465 $22,465
CA ORANGE COUNTY County $22,327
CA ANAHEIM CITY Municipal $97,817
CA BUENA PARK CITY Municipal $18,831
CA COSTA MESA CITY Municipal $31,495
CA FULLERTON CITY Municipal $31,028
CA GARDEN GROVE CITY Municipal $41,957
CA HUNTINGTON BEACH CITY Municipal $36,011
CA LA HABRA CITY Municipal $11,205
CA IRVINE CITY Municipal $13,766
CA NEWPORT BEACH CITY Municipal $11,012
CA ORANGE CITY Municipal $14,316
CA PLACENTIA CITY Municipal $14,977
CA SANTA ANA CITY Municipal $122,595
CA TUSTIN CITY Municipal $11,315
CA WESTMINSTER CITY Municipal $22,135 $500,787
CA RIVERSIDE COUNTY County $75,022
CA BANNING CITY Municipal $10,902
CA BEAUMONT CITY Municipal $12,197
CA CATHEDRAL CITY Municipal $12,279
CA COACHELLA CITY Municipal $10,159
CA CORONA CITY Municipal $21,860
CA DESERT HOT SPRINGS CITY Municipal $21,530
CA HEMET CITY Municipal $30,890
CA INDIO CITY Municipal $42,921
CA JURUPA VALLEY CITY Municipal $25,742
CA LAKE ELSINORE CITY Municipal $14,674
CA MENIFEE CITY Municipal $12,086
CA MORENO VALLEY CITY Municipal $67,588
CA PALM SPRINGS CITY Municipal $21,970
CA PERRIS CITY Municipal $21,530
CA RIVERSIDE CITY Municipal $133,883
CA TEMECULA CITY Municipal $12,472 $547,705
2 State Jurisdiction Name Government Type Direct Allocation Joint Allocation 2023 California Local JAG Allocations
Listed below are all jurisdictions in the state that are eligible for FY 2023 JAG funding, as determined by the JAG formula. For additional details regarding the JAG formula and award calculation process, with examples, please refer to the JAG Technical report here:
https://bjs.ojp.gov/library/publications/justice-assistance-grant-jag-program-2021 and current JAG Frequently Asked Questions here:
https://bja.ojp.gov/program/jag/frequently-asked-questions.

Finding your jurisdiction:
(1) Disparate jurisdictions are listed in shaded groups below, in alphabetic order by county. (2) Direct allocations are listed alphabetically below the shaded, disparate groupings. (3) Counties that have an asterisk (*) under the “Direct Allocation" column did not submit the level of violent crime data to qualify for a direct award from BJA, but are in the disparate grouping indicated by the shaded area. The JAG legislation requires these counties to remain a partner with the local jurisdictions receiving funds and must be a signatory on the required Memorandum of Understanding (MOU). A sample MOU is provided online at: https://www.bja.gov/Funding/JAGMOU.pdf. Disparate jurisdictions do not need to abide by the listed individual allocations, which are provided for information only. Jurisdictions in a funding disparity are responsible for determining individual amounts within the Eligible Joint Allocation and for documenting individual allocations in the MOU.

CA SAN BERNARDINO COUNTY County $121,577
CA ADELANTO CITY Municipal $21,722
CA APPLE VALLEY TOWN Municipal $27,338
CA BARSTOW CITY Municipal $22,961
CA CHINO CITY Municipal $25,411
CA COLTON CITY Municipal $17,372
CA FONTANA CITY Municipal $58,201
CA HESPERIA CITY Municipal $39,011
CA HIGHLAND CITY Municipal $26,127
CA MONTCLAIR CITY Municipal $19,960
CA ONTARIO CITY Municipal $55,475
CA RANCHO CUCAMONGA CITY Municipal $36,919
CA REDLANDS CITY Municipal $20,896
CA RIALTO CITY Municipal $45,096
CA SAN BERNARDINO CITY Municipal $242,190
CA UPLAND CITY Municipal $26,182
CA VICTORVILLE CITY Municipal $79,317
CA YUCAIPA CITY Municipal $12,499
CA YUCCA VALLEY CITY Municipal $11,177 $909,431
CA SAN DIEGO COUNTY County $153,431
CA SAN DIEGO CITY Municipal $448,425 $601,856
CA SAN JOAQUIN COUNTY County $68,332
CA STOCKTON CITY Municipal $352,011 $420,343
CA SANTA BARBARA COUNTY County $18,887
CA SANTA BARBARA CITY Municipal $33,147
CA SANTA MARIA CITY Municipal $49,748 $101,782
CA SANTA CLARA COUNTY County $27,531
CA SAN JOSE CITY Municipal $368,309 $395,840
CA SOLANO COUNTY County $10,214
CA FAIRFIELD CITY Municipal $43,251
CA VACAVILLE CITY Municipal $22,245
CA VALLEJO CITY Municipal $87,852 $163,562
3 State Jurisdiction Name Government Type Direct Allocation Joint Allocation 2023 California Local JAG Allocations
Listed below are all jurisdictions in the state that are eligible for FY 2023 JAG funding, as determined by the JAG formula. For additional details regarding the JAG formula and award calculation process, with examples, please refer to the JAG Technical report here:
https://bjs.ojp.gov/library/publications/justice-assistance-grant-jag-program-2021 and current JAG Frequently Asked Questions here:
https://bja.ojp.gov/program/jag/frequently-asked-questions.

Finding your jurisdiction:
(1) Disparate jurisdictions are listed in shaded groups below, in alphabetic order by county. (2) Direct allocations are listed alphabetically below the shaded, disparate groupings. (3) Counties that have an asterisk (*) under the “Direct Allocation" column did not submit the level of violent crime data to qualify for a direct award from BJA, but are in the disparate grouping indicated by the shaded area. The JAG legislation requires these counties to remain a partner with the local jurisdictions receiving funds and must be a signatory on the required Memorandum of Understanding (MOU). A sample MOU is provided online at: https://www.bja.gov/Funding/JAGMOU.pdf. Disparate jurisdictions do not need to abide by the listed individual allocations, which are provided for information only. Jurisdictions in a funding disparity are responsible for determining individual amounts within the Eligible Joint Allocation and for documenting individual allocations in the MOU.

CA SONOMA COUNTY County $44,022
CA SANTA ROSA CITY Municipal $71,388 $115,410
CA STANISLAUS COUNTY County $34,166
CA MODESTO CITY Municipal $144,951 $179,117
CA SUTTER COUNTY County *
CA YUBA CITY Municipal $20,566 $20,566
CA TEHAMA COUNTY County *
CA RED BLUFF CITY Municipal $12,168 $12,168
CA TULARE COUNTY County $28,908
CA VISALIA CITY Municipal $43,802 $72,710
CA VENTURA COUNTY County $10,958
CA OXNARD CITY Municipal $62,440
CA SAN BUENAVENTURA CITY Municipal $33,890 $107,288
CA YOLO COUNTY County *
CA WEST SACRAMENTO CITY Municipal $17,840
CA WOODLAND CITY Municipal $18,474 $36,314
CA ALHAMBRA CITY Municipal $13,820
CA ARVIN CITY Municipal $15,831
CA ATWATER CITY Municipal $14,784
CA AZUSA CITY Municipal $13,545
CA BAKERSFIELD CITY Municipal $156,045
CA BALDWIN PARK CITY Municipal $17,510
CA BELL CITY Municipal $14,702
CA BELL GARDENS CITY Municipal $11,398
CA BELLFLOWER CITY Municipal $27,807
CA BRAWLEY CITY Municipal $10,875
CA BRENTWOOD CITY Municipal $13,407
CA BURBANK CITY Municipal $16,298
CA CALAVERAS COUNTY County $12,994
CA CARLSBAD CITY Municipal $19,795
CA CARSON CITY Municipal $34,992
4 State Jurisdiction Name Government Type Direct Allocation Joint Allocation 2023 California Local JAG Allocations
Listed below are all jurisdictions in the state that are eligible for FY 2023 JAG funding, as determined by the JAG formula. For additional details regarding the JAG formula and award calculation process, with examples, please refer to the JAG Technical report here:
https://bjs.ojp.gov/library/publications/justice-assistance-grant-jag-program-2021 and current JAG Frequently Asked Questions here:
https://bja.ojp.gov/program/jag/frequently-asked-questions.

Finding your jurisdiction:
(1) Disparate jurisdictions are listed in shaded groups below, in alphabetic order by county. (2) Direct allocations are listed alphabetically below the shaded, disparate groupings. (3) Counties that have an asterisk (*) under the “Direct Allocation" column did not submit the level of violent crime data to qualify for a direct award from BJA, but are in the disparate grouping indicated by the shaded area. The JAG legislation requires these counties to remain a partner with the local jurisdictions receiving funds and must be a signatory on the required Memorandum of Understanding (MOU). A sample MOU is provided online at: https://www.bja.gov/Funding/JAGMOU.pdf. Disparate jurisdictions do not need to abide by the listed individual allocations, which are provided for information only. Jurisdictions in a funding disparity are responsible for determining individual amounts within the Eligible Joint Allocation and for documenting individual allocations in the MOU.

CA CERES CITY Municipal $17,262
CA CERRITOS CITY Municipal $10,710
CA CHULA VISTA CITY Municipal $75,986
CA CITRUS HEIGHTS CITY Municipal $25,411
CA CLOVIS CITY Municipal $19,382
CA COMMERCE CITY Municipal $11,067
CA COMPTON CITY Municipal $93,688
CA COVINA CITY Municipal $14,068
CA CULVER CITY CITY Municipal $15,583
CA DALY CITY CITY Municipal $18,336
CA DELANO CITY Municipal $17,289
CA DINUBA CITY Municipal $13,490
CA DOWNEY CITY Municipal $28,082
CA EAST PALO ALTO CITY Municipal $11,866
CA EL CAJON CITY Municipal $44,545
CA EL CENTRO CITY Municipal $11,755
CA EL CERRITO CITY Municipal $12,031
CA EL DORADO COUNTY County $17,372
CA EL MONTE CITY Municipal $27,366
CA ELK GROVE CITY Municipal $32,597
CA ESCONDIDO CITY Municipal $46,913
CA EUREKA CITY Municipal $15,803
CA GARDENA CITY Municipal $26,622
CA GILROY CITY Municipal $19,822
CA GLENDALE CITY Municipal $17,592
CA GLENDORA CITY Municipal $10,407
CA HAWTHORNE CITY Municipal $53,080
CA HUMBOLDT COUNTY County $23,071
CA HUNTINGTON PARK CITY Municipal $36,011
CA IMPERIAL COUNTY County $17,950
CA INGLEWOOD CITY Municipal $55,971
CA KERN COUNTY County $238,308
CA LA MESA CITY Municipal $14,674
CA LA PUENTE CITY Municipal $12,031
CA LAKE COUNTY County $16,161
CA LAKEWOOD CITY Municipal $20,043
CA LANCASTER CITY Municipal $103,241
CA LAWNDALE CITY Municipal $11,233
5 State Jurisdiction Name Government Type Direct Allocation Joint Allocation 2023 California Local JAG Allocations
Listed below are all jurisdictions in the state that are eligible for FY 2023 JAG funding, as determined by the JAG formula. For additional details regarding the JAG formula and award calculation process, with examples, please refer to the JAG Technical report here:
https://bjs.ojp.gov/library/publications/justice-assistance-grant-jag-program-2021 and current JAG Frequently Asked Questions here:
https://bja.ojp.gov/program/jag/frequently-asked-questions.

Finding your jurisdiction:
(1) Disparate jurisdictions are listed in shaded groups below, in alphabetic order by county. (2) Direct allocations are listed alphabetically below the shaded, disparate groupings. (3) Counties that have an asterisk (*) under the “Direct Allocation" column did not submit the level of violent crime data to qualify for a direct award from BJA, but are in the disparate grouping indicated by the shaded area. The JAG legislation requires these counties to remain a partner with the local jurisdictions receiving funds and must be a signatory on the required Memorandum of Understanding (MOU). A sample MOU is provided online at: https://www.bja.gov/Funding/JAGMOU.pdf. Disparate jurisdictions do not need to abide by the listed individual allocations, which are provided for information only. Jurisdictions in a funding disparity are responsible for determining individual amounts within the Eligible Joint Allocation and for documenting individual allocations in the MOU.

CA LEMON GROVE CITY Municipal $13,601
CA LODI CITY Municipal $20,345
CA LOMPOC CITY Municipal $20,593
CA LONG BEACH CITY Municipal $220,138
CA LOS BANOS CITY Municipal $13,958
CA LYNWOOD CITY Municipal $36,368
CA MADERA CITY Municipal $25,548
CA MADERA COUNTY County $32,101
CA MANTECA CITY Municipal $18,501
CA MARYSVILLE CITY Municipal $10,159
CA MENDOCINO COUNTY County $15,913
CA MERCED CITY Municipal $46,169
CA MERCED COUNTY County $43,361
CA MONTEBELLO CITY Municipal $16,491
CA MOUNTAIN VIEW CITY Municipal $12,829
CA NATIONAL CITY CITY Municipal $31,358
CA NEVADA COUNTY County $10,572
CA NORWALK CITY Municipal $36,286
CA OCEANSIDE CITY Municipal $62,000
CA OROVILLE CITY Municipal $10,489
CA PALMDALE CITY Municipal $54,869
CA PARAMOUNT CITY Municipal $25,852
CA PASADENA CITY Municipal $43,334
CA PETALUMA CITY Municipal $17,675
CA PICO RIVERA CITY Municipal $17,482
CA PITTSBURG CITY Municipal $37,029
CA PLACER COUNTY County $17,235
CA PLUMAS COUNTY County $11,480
CA POMONA CITY Municipal $71,498
CA PORTERVILLE CITY Municipal $20,043
CA RANCHO CORDOVA CITY Municipal $22,548
CA REDDING CITY Municipal $49,198
CA REDONDO BEACH CITY Municipal $13,710
CA REDWOOD CITY Municipal $15,224
CA RIDGECREST CITY Municipal $12,967
CA ROHNERT PARK CITY Municipal $21,171
CA ROSEMEAD CITY Municipal $15,362
CA ROSEVILLE CITY Municipal $22,988
6 State Jurisdiction Name Government Type Direct Allocation Joint Allocation 2023 California Local JAG Allocations
Listed below are all jurisdictions in the state that are eligible for FY 2023 JAG funding, as determined by the JAG formula. For additional details regarding the JAG formula and award calculation process, with examples, please refer to the JAG Technical report here:
https://bjs.ojp.gov/library/publications/justice-assistance-grant-jag-program-2021 and current JAG Frequently Asked Questions here:
https://bja.ojp.gov/program/jag/frequently-asked-questions.

Finding your jurisdiction:
(1) Disparate jurisdictions are listed in shaded groups below, in alphabetic order by county. (2) Direct allocations are listed alphabetically below the shaded, disparate groupings. (3) Counties that have an asterisk (*) under the “Direct Allocation" column did not submit the level of violent crime data to qualify for a direct award from BJA, but are in the disparate grouping indicated by the shaded area. The JAG legislation requires these counties to remain a partner with the local jurisdictions receiving funds and must be a signatory on the required Memorandum of Understanding (MOU). A sample MOU is provided online at: https://www.bja.gov/Funding/JAGMOU.pdf. Disparate jurisdictions do not need to abide by the listed individual allocations, which are provided for information only. Jurisdictions in a funding disparity are responsible for determining individual amounts within the Eligible Joint Allocation and for documenting individual allocations in the MOU.

CA SACRAMENTO CITY Municipal $278,035
CA SACRAMENTO COUNTY County $202,022
CA SAN FRANCISCO CITY Municipal $464,530
CA SAN LUIS OBISPO CITY Municipal $16,271
CA SAN LUIS OBISPO COUNTY County $15,307
CA SAN MARCOS CITY Municipal $16,601
CA SAN MATEO CITY Municipal $22,713
CA SAN MATEO COUNTY County $26,237
CA SAN PABLO CITY Municipal $14,922
CA SANTA CLARA CITY Municipal $17,289
CA SANTA CLARITA CITY Municipal $23,677
CA SANTA CRUZ CITY Municipal $29,954
CA SANTA CRUZ COUNTY County $25,961
CA SANTA MONICA CITY Municipal $55,117
CA SANTEE CITY Municipal $11,480
CA SELMA CITY Municipal $12,086
CA SHASTA COUNTY County $34,634
CA SIMI VALLEY CITY Municipal $14,509
CA SOUTH GATE CITY Municipal $52,116
CA SOUTH LAKE TAHOE CITY Municipal $11,123
CA SOUTH SAN FRANCISCO CITY Municipal $13,820
CA SUNNYVALE CITY Municipal $20,456
CA TORRANCE CITY Municipal $22,603
CA TRACY CITY Municipal $14,839
CA TULARE CITY Municipal $22,355
CA TUOLUMNE COUNTY County $14,949
CA TURLOCK CITY Municipal $34,524
CA VISTA CITY Municipal $29,155
CA WATSONVILLE CITY Municipal $23,952
CA WEST COVINA CITY Municipal $20,869
CA WEST HOLLYWOOD CITY Municipal $22,025
CA WHITTIER CITY Municipal $18,804
CA YUBA COUNTY County $18,858
Local total $13,190,263
7 Department of Justice (DOJ)
Office of Justice Programs
Bureau of Justice Assistance

Washington, D.C. 20531

Name and Address of Recipient:                CITY OF SANTA CLARA 1500 WARBURTON AVENUE

City, State and Zip: SANTA CLARA, CA 95050

Recipient UEI: RK62GLSXRUK9
Project Title: Purchase equipment
according to JAG guidelines  Award Number: 15PBJA-23-GG-03109-JAGX Solicitation Title: BJA FY 23 Edward Byrne Memorial Justice Assistance Grant (JAG) Program - Local Solicitation Federal Award Amount: $17,289.00   Federal Award Date: 9/25/23 Awarding Agency:   Office of Justice Programs
Bureau of Justice Assistance
Funding Instrument Type: Grant
Opportunity Category: D
Assistance Listing:

16.738 - Edward Byrne Memorial Justice Assistance Grant Program Project Period Start Date: 10/1/22  Project Period End Date: 9/30/24 Budget Period Start Date: 10/1/22  Budget Period End Date: 9/30/24 Project Description:

The City of Santa Clara will utilize JAG funds for front line law enforcement equipment, such as safe, lightweight breaching equipment and shields for use during tactical operations and/or to provide a protection barrier during such.

Any remaining funds will be utilized toward a respirator fit testing machine.

Page: 1 of 23
Award Letter
September 25, 2023
Dear Carolyn McDowell,

On behalf of Attorney General Merrick B. Garland, it is my pleasure to inform you the Office of Justice Programs (OJP) has approved the application submitted by  CITY OF SANTA CLARA  for an award under the funding opportunity entitled 2023 BJA FY 23 Edward Byrne Memorial Justice Assistance Grant (JAG) Program - Local Solicitation. The approved award amount is $17,289.

Review the Award Instrument below carefully and familiarize yourself with all conditions and requirements before accepting your award. The Award Instrument includes the Award Offer (Award Information, Project Information, Financial Information, and Award Conditions) and Award Acceptance. For COPS Office and OVW funding the Award Offer also includes any Other Award Documents.

Please note that award requirements include not only the conditions and limitations set forth in the Award Offer, but also compliance with assurances and certifications that relate to conduct during the period of performance for the award. These requirements encompass financial, administrative, and programmatic matters, as well as other important matters (e.g., specific restrictions on use of funds). Therefore, all key staff should receive the award conditions, the assurances and certifications, and the application as approved by OJP, so that they understand the award requirements. Information on all pertinent award requirements also must be provided to any subrecipient of the award.

Should you accept the award and then fail to comply with an award requirement, DOJ will pursue appropriate remedies for non-compliance, which may include termination of the award and/or a requirement to repay award funds.

Prior to accepting the award, your Entity Administrator must assign a Financial Manager, Grant Award Administrator, and Authorized Representative(s) in the Justice Grants System (JustGrants). The Entity Administrator will need to ensure the assigned Authorized Representative(s) is current and has the legal authority to accept awards and bind the entity to the award terms and conditions. To accept the award, the Authorized Representative(s) must accept all parts of the Award Offer in the Justice Grants System (JustGrants), including by executing the required declaration and certification, within 45 days from the award date.

To access your funds, you will need to enroll in the Automated Standard Application for Payments (ASAP) system, if you haven’t already completed the enrollment process in ASAP. The Entity Administrator should have already received an email from ASAP to initiate this process.

Congratulations, and we look forward to working with you.

Maureen Henneberg
Deputy Assistant Attorney General
Office for Civil Rights Notice for All Recipients
The Office for Civil Rights (OCR), Office of Justice Programs (OJP), U.S. Department of Justice (DOJ) has been delegated the responsibility for ensuring that recipients of federal financial assistance from the OJP, the Office of Community Oriented Policing Services (COPS), and the Office on Violence Against Women (OVW) are not engaged in discrimination prohibited by law. Several federal civil rights laws, such as Title VI of the Civil Rights Act of 1964 and Section 504 of the Rehabilitation Act of 1973, require recipients of federal financial assistance to give assurances that they will comply with those laws. Taken together, these civil rights laws prohibit recipients of federal financial assistance from DOJ from discriminating in services and employment because of race, color, national origin, religion, disability, sex, and, for grants authorized under the Violence Against Women Act, sexual orientation and gender identity.  Recipients are also prohibited from discriminating in services because of age.  For a complete review of these civil rights laws and nondiscrimination requirements, in connection with DOJ awards, see https://ojp.gov/funding/ Explore/LegalOverview/CivilRightsRequirements.htm.

Under the delegation of authority, the OCR investigates allegations of discrimination against recipients from individuals, entities, or groups. In addition, the OCR conducts limited compliance reviews and audits based on regulatory criteria.

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These reviews and audits permit the OCR to evaluate whether recipients of financial assistance from the Department are providing services in a nondiscriminatory manner to their service population or have employment practices that meet equal-opportunity standards.

If you are a recipient of grant awards under the Omnibus Crime Control and Safe Streets Act or the Juvenile Justice and Delinquency Prevention Act and your agency is part of a criminal justice system, there are two additional obligations that may apply in connection with the awards: (1) complying with the regulation relating to Equal Employment Opportunity Programs (EEOPs); and (2) submitting findings of discrimination to OCR. For additional information regarding the EEOP requirement, see 28 CFR Part 42, subpart E, and for additional information regarding requirements when there is an adverse finding, see 28 C.F.R. §§ 42.204(c), .205(c)(5).

The OCR is available to help you and your organization meet the civil rights requirements that are associated with DOJ grant funding. If you would like the OCR to assist you in fulfilling your organization's civil rights or nondiscrimination responsibilities as a recipient of federal financial assistance, please do not hesitate to contact the OCR at [email protected].

Memorandum Regarding NEPA
NEPA Letter Type
OJP - Ongoing NEPA Compliance Incorporated into Further Developmental Stages NEPA Letter
The Edward Byrne Memorial Justice Assistance Grant Program (JAG) allows states and local governments to support a broad range of activities to prevent and control crime and to improve the criminal justice system, some of which could have environmental impacts. All recipients of JAG funding must assist BJA in complying with NEPA and other related federal environmental impact analyses requirements in the use of grant funds, whether the funds are used directly by the grantee or by a subgrantee or third party.? Accordingly,?prior to obligating?funds for any of the specified activities, the grantee must first determine if any of the specified activities will be?funded by the grant. ?
The specified activities requiring environmental analysis are:
a. New construction;
b. Any renovation or remodeling of a property located in an environmentally or historically sensitive area, including properties located within a 100-year flood plain, a wetland, or habitat for endangered species, or a property listed on or eligible for listing on the National Register of Historic Places; c.? A renovation, lease, or any proposed use of a building or facility that will either (a) result in a change in its basic prior use or (b) significantly change its size;
d.? Implementation of a new program involving the use of chemicals other than chemicals that are (a) purchased as an incidental component of a funded activity and (b) traditionally used, for example, in office, household, recreational, or education environments; and
e. Implementation of a program relating to clandestine methamphetamine laboratory operations, including the identification, seizure, or closure of clandestine methamphetamine laboratories.

Complying with NEPA may require the preparation of an Environmental Assessment and/or an Environmental Impact Statement, as directed by BJA. Further, for programs relating to methamphetamine laboratory operations, the preparation of a detailed Mitigation Plan will be required. For more information about Mitigation Plan requirements, please see https://www.bja.gov/Funding/nepa.html.

NEPA Coordinator
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First Name
Orbin Middle Name Last Name
Terry
Award Information
This award is offered subject to the conditions or limitations set forth in the Award Information, Project Information, Financial Information, and Award Conditions.

Recipient Information
Recipient Name

CITY OF SANTA CLARA
UEI
RK62GLSXRUK9
Street 1
1500 WARBURTON AVENUE Street 2
City

SANTA CLARA
State/U.S. Territory
California
Zip/Postal Code
95050
Country
United States
County/Parish

Province

Award Details
Federal Award Date
9/25/23
Award Type
Initial
Award Number
15PBJA-23-GG-03109-JAGX
Supplement Number
00 Federal Award Amount
$17,289.00
Funding Instrument Type
Grant
Assistance Listing
Number
Assistance Listings Program Title

16.738 Edward Byrne Memorial Justice Assistance Grant Program Statutory Authority
Title I of Public Law 90-351 (generally codified at 34 U.S.C. 10101-10726), including subpart 1 of part E (codified at 34 U.S.C. 10151-10158); see also 28 U.S.C. 530C(a)
[ ]
I have read and understand the information presented in this section of the Federal Award Instrument.

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Project Information
This award is offered subject to the conditions or limitations set forth in the Award Information, Project Information, Financial Information, and Award Conditions.

Solicitation Title
2023 BJA FY 23 Edward Byrne Memorial Justice
Assistance Grant (JAG) Program - Local Solicitation
Application Number
GRANT13955124
Awarding Agency
OJP
Program Office
BJA
Grant Manager Name
Elaine Vanlandingham
Phone Number
202-598-7415
E-mail Address
[email protected]
Project Title
Purchase equipment according to JAG guidelines
Performance Period Start
Date
10/01/2022
Performance Period End Date
09/30/2024
Budget Period Start Date
10/01/2022
Budget Period End Date
09/30/2024
Project Description
The City of Santa Clara will utilize JAG funds for front line law enforcement equipment, such as safe, lightweight breaching equipment and shields for use during tactical operations and/or to provide a protection barrier during such.

Any remaining funds will be utilized toward a respirator fit testing machine. [ ]
I have read and understand the information presented in this section of the Federal Award Instrument.

Financial Information
This award is offered subject to the conditions or limitations set forth in the Award Information, Project Information, Financial Information, and Award Conditions. [ ]
I have read and understand the information presented in this section of the Federal Award Instrument.

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Award Conditions
This award is offered subject to the conditions or limitations set forth in the Award Information, Project Information, Financial Information, and Award Conditions. 1 Compliance with restrictions on the use of federal funds--prohibited and controlled equipment under OJP awards Consistent with Executive Order 14074, “Advancing Effective, Accountable Policing and Criminal Justice Practices To Enhance Public Trust and Public Safety,” OJP has prohibited the use of federal funds under this award for purchases or transfers of specified equipment by law enforcement agencies. In addition, OJP requires the recipient, and any subrecipient (“subgrantee”) at any tier, to put in place specified controls prior to using federal funds under this award to acquire or transfer any property identified on the “controlled equipment” list. The details of the requirement are posted on the OJP web site at https://www.ojp.gov/funding/explore/prohibited-and-controlled-equipment (Award condition:

Compliance with restrictions on the use of federal funds--prohibited and controlled equipment under OJP awards), and are incorporated by reference here.
2 Compliance with DOJ regulations pertaining to civil rights and nondiscrimination - 28 C.F.R. Part 54 The recipient, and any subrecipient ("subgrantee") at any tier, must comply with all applicable requirements of 28 C.F.R. Part 54, which relates to nondiscrimination on the basis of sex in certain "education programs." 3 Compliance with 41 U.S.C. 4712 (including prohibitions on reprisal; notice to employees) The recipient (and any subrecipient at any tier) must comply with, and is subject to, all applicable provisions of 41 U.S.C. 4712, including all applicable provisions that prohibit, under specified circumstances, discrimination against an employee as reprisal for the employee's disclosure of information related to gross mismanagement of a federal grant, a gross waste of federal funds, an abuse of authority relating to a federal grant, a substantial and specific danger to public health or safety, or a violation of law, rule, or regulation related to a federal grant.

The recipient also must inform its employees, in writing (and in the predominant native language of the workforce), of employee rights and remedies under 41 U.S.C. 4712.

Should a question arise as to the applicability of the provisions of 41 U.S.C. 4712 to this award, the recipient is to contact the DOJ awarding agency (OJP or OVW, as appropriate) for guidance. 4 Applicability of Part 200 Uniform Requirements
The Uniform Administrative Requirements, Cost Principles, and Audit Requirements in 2 C.F.R. Part 200, as adopted and supplemented by DOJ in 2 C.F.R. Part 2800 (together, the "Part 200 Uniform Requirements") apply to this FY 2022 award from OJP.

The Part 200 Uniform Requirements were first adopted by DOJ on December 26, 2014. If this FY 2022 award supplements funds previously awarded by OJP under the same award number (e.g., funds awarded during or before December 2014), the Part 200 Uniform Requirements apply with respect to all funds under that award number (regardless of the award date, and regardless of whether derived from the initial award or a supplemental award) that are obligated on or after the acceptance date of this FY 2022 award.

For more information and resources on the Part 200 Uniform Requirements as they relate to OJP awards and subawards ("subgrants"), see the OJP website at https://ojp.gov/funding/Part200UniformRequirements.htm.

Record retention and access: Records pertinent to the award that the recipient (and any subrecipient ("subgrantee") at any tier) must retain -- typically for a period of 3 years from the date of submission of the final expenditure report (SF 425), unless a different retention period applies -- and to which the recipient (and any subrecipient ("subgrantee") at Page: 6 of 23
any tier) must provide access, include performance measurement information, in addition to the financial records, supporting documents, statistical records, and other pertinent records indicated at 2 C.F.R. 200.334.

In the event that an award-related question arises from documents or other materials prepared or distributed by OJP that may appear to conflict with, or differ in some way from, the provisions of the Part 200 Uniform Requirements, the recipient is to contact OJP promptly for clarification. 5 Compliance with applicable rules regarding approval, planning, and reporting of conferences, meetings, trainings, and other events
The recipient, and any subrecipient ("subgrantee") at any tier, must comply with all applicable laws, regulations, policies, and official DOJ guidance (including specific cost limits, prior approval and reporting requirements, where applicable) governing the use of federal funds for expenses related to conferences (as that term is defined by DOJ), including the provision of food and/or beverages at such conferences, and costs of attendance at such conferences.

Information on the pertinent DOJ definition of conferences and the rules applicable to this award appears in the DOJ Grants Financial Guide (currently, as section 3.10 of "Postaward Requirements" in the "DOJ Grants Financial Guide"). 6 Requirement for data on performance and effectiveness under the award The recipient must collect and maintain data that measure the performance and effectiveness of work under this award. The data must be provided to OJP in the manner (including within the timeframes) specified by OJP in the program solicitation or other applicable written guidance. Data collection supports compliance with the Government Performance and Results Act (GPRA) and the GPRA Modernization Act of 2010, and other applicable laws. 7 Compliance with DOJ Grants Financial Guide
References to the DOJ Grants Financial Guide are to the DOJ Grants Financial Guide as posted on the OJP website (currently, the "DOJ Grants Financial Guide" available at https://ojp.gov/financialguide/DOJ/index.htm), including any updated version that may be posted during the period of performance. The recipient agrees to comply with the DOJ Grants Financial Guide.
8 Compliance with general appropriations-law restrictions on the use of federal funds (FY 2022) The recipient, and any subrecipient ("subgrantee") at any tier, must comply with all applicable restrictions on the use of federal funds set out in federal appropriations statutes. Pertinent restrictions, including from various "general provisions" in the Consolidated Appropriations Act, 2022, are set out at https://www.ojp.gov/funding/Explore/ FY22AppropriationsRestrictions.htm, and are incorporated by reference here.

Should a question arise as to whether a particular use of federal funds by a recipient (or a subrecipient) would or might fall within the scope of an appropriations-law restriction, the recipient is to contact OJP for guidance, and may not proceed without the express prior written approval of OJP. 9 Compliance with DOJ regulations pertaining to civil rights and nondiscrimination - 28 C.F.R. Part 38 The recipient, and any subrecipient ("subgrantee") at any tier, must comply with all applicable requirements of 28 C.F.R. Part 38 (as may be applicable from time to time), specifically including any applicable requirements regarding written notice to program beneficiaries and prospective program beneficiaries.

Currently, among other things, 28 C.F.R. Part 38 includes rules that prohibit specific forms of discrimination on the basis of religion, a religious belief, a refusal to hold a religious belief, or refusal to attend or participate in a religious Page: 7 of 23
practice. Part 38, currently, also sets out rules and requirements that pertain to recipient and subrecipient ("subgrantee") organizations that engage in or conduct explicitly religious activities, as well as rules and requirements that pertain to recipients and subrecipients that are faith-based or religious organizations.

The text of 28 C.F.R. Part 38 is available via the Electronic Code of Federal Regulations (currently accessible at https:/ /www.ecfr.gov/cgi-bin/ECFR?page=browse), by browsing to Title 28-Judicial Administration, Chapter 1, Part 38, under e-CFR "current" data.
10 Effect of failure to address audit issues
The recipient understands and agrees that the DOJ awarding agency (OJP or OVW, as appropriate) may withhold award funds, or may impose other related requirements, if (as determined by the DOJ awarding agency) the recipient does not satisfactorily and promptly address outstanding issues from audits required by the Part 200 Uniform Requirements (or by the terms of this award), or other outstanding issues that arise in connection with audits, investigations, or reviews of DOJ awards.
11 Requirements of the award; remedies for non-compliance or for materially false statements The conditions of this award are material requirements of the award. Compliance with any assurances or certifications submitted by or on behalf of the recipient that relate to conduct during the period of performance also is a material requirement of this award.

Limited Exceptions. In certain special circumstances, the U.S. Department of Justice ("DOJ") may determine that it will not enforce, or enforce only in part, one or more requirements otherwise applicable to the award. Any such exceptions regarding enforcement, including any such exceptions made during the period of performance, are (or will be during the period of performance) set out through the Office of Justice Programs ("OJP") webpage entitled "Legal Notices:

Special circumstances as to particular award conditions" (ojp.gov/funding/Explore/LegalNotices-AwardReqts.htm), and incorporated by reference into the award.

By signing and accepting this award on behalf of the recipient, the authorized recipient official accepts all material requirements of the award, and specifically adopts, as if personally executed by the authorized recipient official, all assurances or certifications submitted by or on behalf of the recipient that relate to conduct during the period of performance.

Failure to comply with one or more award requirements -- whether a condition set out in full below, a condition incorporated by reference below, or an assurance or certification related to conduct during the award period -- may result in OJP taking appropriate action with respect to the recipient and the award. Among other things, the OJP may withhold award funds, disallow costs, or suspend or terminate the award. DOJ, including OJP, also may take other legal action as appropriate.

Any materially false, fictitious, or fraudulent statement to the federal government related to this award (or concealment or omission of a material fact) may be the subject of criminal prosecution (including under 18 U.S.C. 1001 and/or 1621, and/or 34 U.S.C. 10271-10273), and also may lead to imposition of civil penalties and administrative remedies for false claims or otherwise (including under 31 U.S.C. 3729-3730 and 3801-3812).

Should any provision of a requirement of this award be held to be invalid or unenforceable by its terms, that provision shall first be applied with a limited construction so as to give it the maximum effect permitted by law. Should it be held, instead, that the provision is utterly invalid or -unenforceable, such provision shall be deemed severable from this award.
12 Compliance with DOJ regulations pertaining to civil rights and nondiscrimination - 28 C.F.R. Part 42 The recipient, and any subrecipient ("subgrantee") at any tier, must comply with all applicable requirements of 28 C.F.R. Part 42, specifically including any applicable requirements in Subpart E of 28 C.F.R. Part 42 that relate to an Page: 8 of 23
equal employment opportunity program.
13 Requirements related to "de minimis" indirect cost rate A recipient that is eligible under the Part 200 Uniform Requirements and other applicable law to use the "de minimis" indirect cost rate described in 2 C.F.R. 200.414(f), and that elects to use the "de minimis" indirect cost rate, must advise OJP in writing of both its eligibility and its election, and must comply with all associated requirements in the Part 200 Uniform Requirements. The "de minimis" rate may be applied only to modified total direct costs (MTDC) as defined by the Part 200 Uniform Requirements.
14 Employment eligibility verification for hiring under the award

1. The recipient (and any subrecipient at any tier) must-- A. Ensure that, as part of the hiring process for any position within the United States that is or will be funded (in whole or in part) with award funds, the recipient (or any subrecipient) properly verifies the employment eligibility of the individual who is being hired, consistent with the provisions of 8 U.S.C. 1324a(a)(1).

B. Notify all persons associated with the recipient (or any subrecipient) who are or will be involved in activities under this award of both--
(1) this award requirement for verification of employment eligibility, and (2) the associated provisions in 8 U.S.C. 1324a(a)(1) that, generally speaking, make it unlawful, in the United States, to hire (or recruit for employment) certain aliens.

C. Provide training (to the extent necessary) to those persons required by this condition to be notified of the award requirement for employment eligibility verification and of the associated provisions of 8 U.S.C. 1324a(a)(1).

D. As part of the recordkeeping for the award (including pursuant to the Part 200 Uniform Requirements), maintain records of all employment eligibility verifications pertinent to compliance with this award condition in accordance with Form I-9 record retention requirements, as well as records of all pertinent notifications and trainings.

2. Monitoring
The recipient's monitoring responsibilities include monitoring of subrecipient compliance with this condition.

3. Allowable costs
To the extent that such costs are not reimbursed under any other federal program, award funds may be obligated for the reasonable, necessary, and allocable costs (if any) of actions designed to ensure compliance with this condition.

4. Rules of construction
A. Staff involved in the hiring process
For purposes of this condition, persons "who are or will be involved in activities under this award" specifically includes (without limitation) any and all recipient (or any subrecipient) officials or other staff who are or will be involved in the hiring process with respect to a position that is or will be funded (in whole or in part) with award funds.

B. Employment eligibility confirmation with E-Verify
For purposes of satisfying the requirement of this condition regarding verification of employment eligibility, the recipient (or any subrecipient) may choose to participate in, and use, E-Verify (www.e-verify.gov), provided an appropriate person authorized to act on behalf of the recipient (or subrecipient) uses E-Verify (and follows the proper E-Verify procedures, including in the event of a "Tentative Nonconfirmation" or a "Final Nonconfirmation") to confirm Page: 9 of 23
employment eligibility for each hiring for a position in the United States that is or will be funded (in whole or in part) with award funds.

C. "United States" specifically includes the District of Columbia, Puerto Rico, Guam, the Virgin Islands of the United States, and the Commonwealth of the Northern Mariana Islands.

D. Nothing in this condition shall be understood to authorize or require any recipient, any subrecipient at any tier, or any person or other entity, to violate any federal law, including any applicable civil rights or nondiscrimination law.

E. Nothing in this condition, including in paragraph 4.B., shall be understood to relieve any recipient, any subrecipient at any tier, or any person or other entity, of any obligation otherwise imposed by law, including 8 U.S.C. 1324a(a)(1).

Questions about E-Verify should be directed to DHS. For more information about E-Verify visit the E-Verify website (https://www.e-verify.gov/) or email E-Verify at [email protected]. E-Verify employer agents can email E-Verify at E- [email protected].

Questions about the meaning or scope of this condition should be directed to OJP, before award acceptance. 15 OJP Training Guiding Principles
Any training or training materials that the recipient -- or any subrecipient ("subgrantee") at any tier -- develops or delivers with OJP award funds must adhere to the OJP Training Guiding Principles for Grantees and Subgrantees, available at https://www.ojp.gov/funding/implement/training-guiding-principles-grantees-and-subgrantees. 16 Determination of suitability to interact with participating minors SCOPE. This condition applies to this award if it is indicated -- in the application for the award (as approved by DOJ)(or in the application for any subaward, at any tier), the DOJ funding announcement (solicitation), or an associated federal statute -- that a purpose of some or all of the activities to be carried out under the award (whether by the recipient, or a subrecipient at any tier) is to benefit a set of individuals under 18 years of age.

The recipient, and any subrecipient at any tier, must make determinations of suitability before certain individuals may interact with participating minors. This requirement applies regardless of an individual's employment status.

The details of this requirement are posted on the OJP web site at https://ojp.gov/funding/Explore/Interact-Minors.htm (Award condition: Determination of suitability required, in advance, for certain individuals who may interact with participating minors), and are incorporated by reference here. 17 Potential imposition of additional requirements
The recipient agrees to comply with any additional requirements that may be imposed by the DOJ awarding agency (OJP or OVW, as appropriate) during the period of performance for this award, if the recipient is designated as "high- risk" for purposes of the DOJ high-risk grantee list.
18 Required training for Grant Award Administrator and Financial Manager The Grant Award Administrator and all Financial Managers for this award must have successfully completed an "OJP financial management and grant administration training" by 120 days after the date of the recipient's acceptance of the award. Successful completion of such a training on or after October 15, 2020, will satisfy this condition.

In the event that either the Grant Award Administrator or a Financial Manager for this award changes during the period of performance, the new Grant Award Administrator or Financial Manager must have successfully completed an "OJP financial management and grant administration training" by 120 calendar days after the date the Entity Administrator Page: 10 of 23
enters updated Grant Award Administrator or Financial Manager information in JustGrants. Successful completion of such a training on or after October 15, 2020, will satisfy this condition.

A list of OJP trainings that OJP will consider "OJP financial management and grant administration training" for purposes of this condition is available at https://onlinegfmt.training.ojp.gov/. All trainings that satisfy this condition include a session on grant fraud prevention and detection.

The recipient should anticipate that OJP will immediately withhold ("freeze") award funds if the recipient fails to comply with this condition. The recipient's failure to comply also may lead OJP to impose additional appropriate conditions on this award.
19 Restrictions and certifications regarding non-disclosure agreements and related matters No recipient or subrecipient ("subgrantee") under this award, or entity that receives a procurement contract or subcontract with any funds under this award, may require any employee or contractor to sign an internal confidentiality agreement or statement that prohibits or otherwise restricts, or purports to prohibit or restrict, the reporting (in accordance with law) of waste, fraud, or abuse to an investigative or law enforcement representative of a federal department or agency authorized to receive such information.

The foregoing is not intended, and shall not be understood by the agency making this award, to contravene requirements applicable to Standard Form 312 (which relates to classified information), Form 4414 (which relates to sensitive compartmented information), or any other form issued by a federal department or agency governing the nondisclosure of classified information.

1. In accepting this award, the recipient--
a. represents that it neither requires nor has required internal confidentiality agreements or statements from employees or contractors that currently prohibit or otherwise currently restrict (or purport to prohibit or restrict) employees or contractors from reporting waste, fraud, or abuse as described above; and b. certifies that, if it learns or is notified that it is or has been requiring its employees or contractors to execute agreements or statements that prohibit or otherwise restrict (or purport to prohibit or restrict), reporting of waste, fraud, or abuse as described above, it will immediately stop any further obligations of award funds, will provide prompt written notification to the federal agency making this award, and will resume (or permit resumption of) such obligations only if expressly authorized to do so by that agency.

2. If the recipient does or is authorized under this award to make subawards ("subgrants"), procurement contracts, or both--
a. it represents that--
(1) it has determined that no other entity that the recipient's application proposes may or will receive award funds (whether through a subaward ("subgrant"), procurement contract, or subcontract under a procurement contract) either requires or has required internal confidentiality agreements or statements from employees or contractors that currently prohibit or otherwise currently restrict (or purport to prohibit or restrict) employees or contractors from reporting waste, fraud, or abuse as described above; and
(2) it has made appropriate inquiry, or otherwise has an adequate factual basis, to support this representation; and b. it certifies that, if it learns or is notified that any subrecipient, contractor, or subcontractor entity that receives funds under this award is or has been requiring its employees or contractors to execute agreements or statements that prohibit or otherwise restrict (or purport to prohibit or restrict), reporting of waste, fraud, or abuse as described above, it will immediately stop any further obligations of award funds to or by that entity, will provide prompt written notification to the federal agency making this award, and will resume (or permit resumption of) such obligations only if expressly authorized to do so by that agency.
20 Page: 11 of 23
Reclassification of various statutory provisions to a new Title 34 of the United States Code On September 1, 2017, various statutory provisions previously codified elsewhere in the U.S. Code were editorially reclassified (that is, moved and renumbered) to a new Title 34, entitled "Crime Control and Law Enforcement." The reclassification encompassed a number of statutory provisions pertinent to OJP awards (that is, OJP grants and cooperative agreements), including many provisions previously codified in Title 42 of the U.S. Code.

Effective as of September 1, 2017, any reference in this award document to a statutory provision that has been reclassified to the new Title 34 of the U.S. Code is to be read as a reference to that statutory provision as reclassified to Title 34. This rule of construction specifically includes references set out in award conditions, references set out in material incorporated by reference through award conditions, and references set out in other award requirements. 21 Requirement to report actual or imminent breach of personally identifiable information (PII) The recipient (and any "subrecipient" at any tier) must have written procedures in place to respond in the event of an actual or imminent "breach" (OMB M-17-12) if it (or a subrecipient) -- (1) creates, collects, uses, processes, stores, maintains, disseminates, discloses, or disposes of "Personally Identifiable Information (PII)" (2 CFR 200.1) within the scope of an OJP grant-funded program or activity, or (2) uses or operates a "Federal information system" (OMB Circular A-130). The recipient's breach procedures must include a requirement to report actual or imminent breach of PII to an OJP Program Manager no later than 24 hours after an occurrence of an actual breach, or the detection of an imminent breach.
22 Requirement to disclose whether recipient is designated "high risk" by a federal grant-making agency outside of DOJ If the recipient is designated "high risk" by a federal grant-making agency outside of DOJ, currently or at any time during the course of the period of performance under this award, the recipient must disclose that fact and certain related information to OJP by email at [email protected]. For purposes of this disclosure, high risk includes any status under which a federal awarding agency provides additional oversight due to the recipient's past performance, or other programmatic or financial concerns with the recipient. The recipient's disclosure must include the following: 1. The federal awarding agency that currently designates the recipient high risk, 2. The date the recipient was designated high risk, 3. The high-risk point of contact at that federal awarding agency (name, phone number, and email address), and 4. The reasons for the high-risk status, as set out by the federal awarding agency. 23 Encouragement of policies to ban text messaging while driving Pursuant to Executive Order 13513, "Federal Leadership on Reducing Text Messaging While Driving," 74 Fed. Reg. 51225 (October 1, 2009), DOJ encourages recipients and subrecipients ("subgrantees") to adopt and enforce policies banning employees from text messaging while driving any vehicle during the course of performing work funded by this award, and to establish workplace safety policies and conduct education, awareness, and other outreach to decrease crashes caused by distracted drivers.
24 All subawards ("subgrants") must have specific federal authorization The recipient, and any subrecipient ("subgrantee") at any tier, must comply with all applicable requirements for authorization of any subaward. This condition applies to agreements that -- for purposes of federal grants administrative requirements -- OJP considers a "subaward" (and therefore does not consider a procurement "contract").

The details of the requirement for authorization of any subaward are posted on the OJP web site at https://ojp.gov/ funding/Explore/SubawardAuthorization.htm (Award condition: All subawards ("subgrants") must have specific federal authorization), and are incorporated by reference here. 25 Page: 12 of 23
Specific post-award approval required to use a noncompetitive approach in any procurement contract that would exceed $250,000
The recipient, and any subrecipient ("subgrantee") at any tier, must comply with all applicable requirements to obtain specific advance approval to use a noncompetitive approach in any procurement contract that would exceed the Simplified Acquisition Threshold (currently, $250,000). This condition applies to agreements that -- for purposes of federal grants administrative requirements -- OJP considers a procurement "contract" (and therefore does not consider a subaward).

The details of the requirement for advance approval to use a noncompetitive approach in a procurement contract under an OJP award are posted on the OJP web site at https://ojp.gov/funding/Explore/NoncompetitiveProcurement.htm (Award condition: Specific post-award approval required to use a noncompetitive approach in a procurement contract (if contract would exceed $250,000)), and are incorporated by reference here. 26 Requirements pertaining to prohibited conduct related to trafficking in persons (including reporting requirements and OJP authority to terminate award)
The recipient, and any subrecipient ("subgrantee") at any tier, must comply with all applicable requirements (including requirements to report allegations) pertaining to prohibited conduct related to the trafficking of persons, whether on the part of recipients, subrecipients ("subgrantees"), or individuals defined (for purposes of this condition) as "employees" of the recipient or of any subrecipient.

The details of the recipient's obligations related to prohibited conduct related to trafficking in persons are posted on the OJP web site at https://ojp.gov/funding/Explore/ProhibitedConduct-Trafficking.htm (Award condition: Prohibited conduct by recipients and subrecipients related to trafficking in persons (including reporting requirements and OJP authority to terminate award)), and are incorporated by reference here. 27 Requirement to report potentially duplicative funding If the recipient currently has other active awards of federal funds, or if the recipient receives any other award of federal funds during the period of performance for this award, the recipient promptly must determine whether funds from any of those other federal awards have been, are being, or are to be used (in whole or in part) for one or more of the identical cost items for which funds are provided under this award. If so, the recipient must promptly notify the DOJ awarding agency (OJP or OVW, as appropriate) in writing of the potential duplication, and, if so requested by the DOJ awarding agency, must seek a budget-modification or change-of-project-scope Grant Award Modification (GAM) to eliminate any inappropriate duplication of funding.
28 Reporting potential fraud, waste, and abuse, and similar misconduct The recipient, and any subrecipients ("subgrantees") at any tier, must promptly refer to the DOJ Office of the Inspector General (OIG) any credible evidence that a principal, employee, agent, subrecipient, contractor, subcontractor, or other person has, in connection with funds under this award-- (1) submitted a claim that violates the False Claims Act; or (2) committed a criminal or civil violation of laws pertaining to fraud, conflict of interest, bribery, gratuity, or similar misconduct.

Potential fraud, waste, abuse, or misconduct involving or relating to funds under this award should be reported to the OIG by--(1) online submission accessible via the OIG webpage at https://oig.justice.gov/hotline/contact-grants.htm (select "Submit Report Online"); (2) mail directed to: U.S. Department of Justice, Office of the Inspector General, Investigations Division, ATTN: Grantee Reporting, 950 Pennsylvania Ave., NW, Washington, DC 20530; and/or (3) by facsimile directed to the DOJ OIG Investigations Division (Attn: Grantee Reporting) at (202) 616-9881 (fax).

Additional information is available from the DOJ OIG website at https://oig.justice.gov/hotline. 29 Page: 13 of 23
Requirements related to System for Award Management and Universal Identifier Requirements The recipient must comply with applicable requirements regarding the System for Award Management (SAM), currently accessible at https://www.sam.gov/. This includes applicable requirements regarding registration with SAM, as well as maintaining the currency of information in SAM.

The recipient also must comply with applicable restrictions on subawards ("subgrants") to first-tier subrecipients (first- tier "subgrantees"), including restrictions on subawards to entities that do not acquire and provide (to the recipient) the unique entity identifier required for SAM registration.

The details of the recipient's obligations related to SAM and to unique entity identifiers are posted on the OJP web site at https://ojp.gov/funding/Explore/SAM.htm (Award condition: System for Award Management (SAM) and Universal Identifier Requirements), and are incorporated by reference here.

This condition does not apply to an award to an individual who received the award as a natural person (i.e., unrelated to any business or non-profit organization that he or she may own or operate in his or her name). 30 Restrictions on "lobbying"
In general, as a matter of federal law, federal funds awarded by OJP may not be used by the recipient, or any subrecipient ("subgrantee") at any tier, either directly or indirectly, to support or oppose the enactment, repeal, modification, or adoption of any law, regulation, or policy, at any level of government. See 18 U.S.C. 1913. (There may be exceptions if an applicable federal statute specifically authorizes certain activities that otherwise would be barred by law.)
Another federal law generally prohibits federal funds awarded by OJP from being used by the recipient, or any subrecipient at any tier, to pay any person to influence (or attempt to influence) a federal agency, a Member of Congress, or Congress (or an official or employee of any of them) with respect to the awarding of a federal grant or cooperative agreement, subgrant, contract, subcontract, or loan, or with respect to actions such as renewing, extending, or modifying any such award. See 31 U.S.C. 1352. Certain exceptions to this law apply, including an exception that applies to Indian tribes and tribal organizations.

Should any question arise as to whether a particular use of federal funds by a recipient (or subrecipient) would or might fall within the scope of these prohibitions, the recipient is to contact OJP for guidance, and may not proceed without the express prior written approval of OJP.
31 Justice Information Sharing
Information sharing projects funded under this award must comply with DOJ's Global Justice Information Sharing Initiative (Global) guidelines. The recipient (and any subrecipient at any tier) must conform to the Global Standards Package (GSP) and all constituent elements, where applicable, as described at: https:/ / it.ojp.gov/ gsp_grantcondition.

The recipient (and any subrecipient at any tier) must document planned approaches to information sharing and describe compliance with the GSP and appropriate privacy policy that protects shared information, or provide detailed justification for why an alternative approach is recommended. 32 Avoidance of duplication of networks
To avoid duplicating existing networks or IT systems in any initiatives funded by BJA for law enforcement information sharing systems which involve interstate connectivity between jurisdictions, such systems shall employ, to the extent possible, existing networks as the communication backbone to achieve interstate connectivity, unless the recipient can demonstrate to the satisfaction of BJA that this requirement would not be cost effective or would impair the functionality of an existing or proposed IT system.
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Law enforcement task forces - required training
Within 120 days of award acceptance, each current member of a law enforcement task force funded with award funds who is a task force commander, agency executive, task force officer, or other task force member of equivalent rank, must complete required online (internet-based) task force training. Additionally, all future task force members must complete this training once during the period of performance for this award, or once every four years if multiple OJP awards include this requirement.

The required training is available free of charge online through the BJA-funded Center for Task Force Integrity and Leadership (www.ctfli.org). The training addresses task force effectiveness, as well as other key issues including privacy and civil liberties/rights, task force performance measurement, personnel selection, and task force oversight and accountability. If award funds are used to support a task force, the recipient must compile and maintain a task force personnel roster, along with course completion certificates.

Additional information regarding the training is available through BJA's web site and the Center for Task Force Integrity and Leadership (www.ctfli.org).
34 Required monitoring of subawards
The recipient must monitor subawards under this award in accordance with all applicable statutes, regulations, award conditions, and the DOJ Grants Financial Guide, and must include the applicable conditions of this award in any subaward. Among other things, the recipient is responsible for oversight of subrecipient spending and monitoring of specific outcomes and benefits attributable to use of award funds by subrecipients. The recipient agrees to submit, upon request, documentation of its policies and procedures for monitoring of subawards under this award. 35 Any written, visual, or audio publications funded in whole or in part under this award, with the exception of press releases, shall contain the following statements: "This project was supported by Grant No. <AWARD_NUMBER> awarded by the Bureau of Justice Assistance. The Bureau of Justice Assistance is a component of the Department of Justice's Office of Justice Programs, which also includes the Bureau of Justice Statistics, the National Institute of Justice, the Office of Juvenile Justice and Delinquency Prevention, the Office for Victims of Crime, and the SMART Office. Points of view or opinions in this document are those of the author and do not necessarily represent the official position or policies of the U.S. Department of Justice." The current edition of the DOJ Grants Financial Guide provides guidance on allowable printing and publication activities. 36 Any Web site that is funded in whole or in part under this award must include the following statement on the home page, on all major entry pages (i.e., pages (exclusive of documents) whose primary purpose is to navigate the user to interior content), and on any pages from which a visitor may access or use a Web-based service, including any pages that provide results or outputs from the service: "This Web site is funded in whole or in part through a grant from the Bureau of Justice Assistance, Office of Justice Programs, U.S. Department of Justice. Neither the U.S. Department of Justice nor any of its components operate, control, are responsible for, or necessarily endorse, this Web site (including, without limitation, its content, technical infrastructure, and policies, and any services or tools provided)." The full text of the foregoing statement must be clearly visible on the home page. On other pages, the statement may be included through a link, entitled "Notice of Federal Funding and Federal Disclaimer," to the full text of the statement. 37 Verification and updating of recipient contact information The recipient must verify its Grant Award Administrator, Financial Manager, and Authorized Representative contact information in JustGrants, including telephone number and e-mail address. If any information is incorrect or has changed, the award recipient’s Entity Administrator must make changes to contact information through DIAMD.

Instructions on how to update contact information in JustGrants can be found at https://justicegrants.usdoj.gov/training/ training-entity-management.

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38 Compliance with National Environmental Policy Act and related statutes Upon request, the recipient (and any subrecipient at any tier) must assist BJA in complying with the National Environmental Policy Act (NEPA), the National Historic Preservation Act, and other related federal environmental impact analyses requirements in the use of these award funds, either directly by the recipient or by a subrecipient.

Accordingly, the recipient agrees to first determine if any of the following activities will be funded by the grant, prior to obligating funds for any of these purposes. If it is determined that any of the following activities will be funded by the award, the recipient agrees to contact BJA.

The recipient understands that this condition applies to new activities as set out below, whether or not they are being specifically funded with these award funds. That is, as long as the activity is being conducted by the recipient, a subrecipient, or any third party, and the activity needs to be undertaken in order to use these award funds, this condition must first be met. The activities covered by this condition are:
a. New construction;
b. Minor renovation or remodeling of a property located in an environmentally or historically sensitive area, including properties located within a 100-year flood plain, a wetland, or habitat for endangered species, or a property listed on or eligible for listing on the National Register of Historic Places; c. A renovation, lease, or any proposed use of a building or facility that will either (a) result in a change in its basic prior use or (b) significantly change its size;
d. Implementation of a new program involving the use of chemicals other than chemicals that are (a) purchased as an incidental component of a funded activity and (b) traditionally used, for example, in office, household, recreational, or education environments; and
e. Implementation of a program relating to clandestine methamphetamine laboratory operations, including the identification, seizure, or closure of clandestine methamphetamine laboratories.

The recipient understands and agrees that complying with NEPA may require the preparation of an Environmental Assessment and/or an Environmental Impact Statement, as directed by BJA. The recipient further understands and agrees to the requirements for implementation of a Mitigation Plan, as detailed at https://bja.gov/Funding/nepa.html, for programs relating to methamphetamine laboratory operations.

Application of This Condition to Recipient's Existing Programs or Activities: For any of the recipient's or its subrecipients' existing programs or activities that will be funded by these award funds, the recipient, upon specific request from BJA, agrees to cooperate with BJA in any preparation by BJA of a national or program environmental assessment of that funded program or activity.
39 Recipients utilizing award funds for forensic genealogy testing must adhere to the United States Department of Justice Interim Policy Forensic Genealogical DNA Analysis and Searching (https://www.justice.gov/olp/page/file/1204386/ download), and must collect and report the metrics identified in Section IX of that document to BJA. 40 Establishment of trust fund
If award funds are being drawn down in advance, the recipient (or a subrecipient, with respect to a subaward) is required to establish a trust fund account. Recipients (and subrecipients) must maintain advance payments of federal awards in interest-bearing accounts, unless regulatory exclusions apply (2 C.F.R. 200.305(b)(8)). The trust fund, including any interest, may not be used to pay debts or expenses incurred by other activities beyond the scope of the Edward Byrne Memorial Justice Assistance Grant Program (JAG). The recipient also agrees to obligate the award funds in the trust fund (including any interest earned) during the period of performance for the award and expend within 90 days thereafter. Any unobligated or unexpended funds, including interest earned, must be returned to OJP at the time of closeout.

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41 All State and Local JAG recipients must submit quarterly Federal Financial Reports (SF-425). Additionally, State JAG and Local JAG Category Two ($25K or more) must submit semi-annual performance reports through JustGrants and Local JAG Category One (Less than $25K) must submit annual performance reports through JustGrants. Consistent with the Department's responsibilities under the Government Performance and Results Act (GPRA) and the GPRA Modernization Act of 2010, the recipient must provide data that measure the results of its work. The recipient must submit quarterly performance metrics reports through BJA's Performance Measurement Tool (PMT) website: https:// bjapmt.ojp.gov/. For more detailed information on reporting and other JAG requirements, refer to the JAG reporting requirements webpage (https://bjapmt.ojp.gov/help/jagdocs.html). Failure to submit required JAG reports by established deadlines may result in the freezing of grant funds and future High Risk designation. 42 Required data on law enforcement agency training
Any law enforcement agency receiving direct or sub-awarded funding from this JAG award must submit quarterly accountability metrics data related to training that officers have received on the use of force, racial and ethnic bias, de- escalation of conflict, and constructive engagement with the public. 43 Authorization to obligate (federal) award funds to reimburse certain project costs incurred on or after October 1, 2022 The recipient may obligate (federal) award funds only after the recipient makes a valid acceptance of the award. As of the first day of the period of performance for the award (October 1, 2022), however, the recipient may choose to incur project costs using non-federal funds, but any such project costs are incurred at the recipient's risk until, at a minimum- - (1) the recipient makes a valid acceptance of the award, and (2) all applicable withholding conditions are removed by OJP (via an Award Condition Modification (ACM)). (A withholding condition is a condition in the award document that precludes the recipient from obligating, expending, or drawing down all or a portion of the award funds until the condition is removed.)
Except to the extent (if any) that an award condition expressly precludes reimbursement of project costs incurred "at- risk," if and when the recipient makes a valid acceptance of this award and OJP removes each applicable withholding condition through an Award Condition Modification (ACM), the recipient is authorized to obligate (federal) award funds to reimburse itself for project costs incurred "at-risk" earlier during the period of performance (such as project costs incurred prior to award acceptance or prior to removal of an applicable withholding condition), provided that those project costs otherwise are allowable costs under the award. 44 If award funds are used for DNA testing of evidentiary materials, any resulting eligible DNA profiles must be uploaded to the Combined DNA Index System ("CODIS," the DNA database operated by the FBI) by a government DNA laboratory with access to CODIS. With the exception of Forensic Genetic Genealogy, no profiles generated under this award may be entered or uploaded into any non-governmental DNA database without prior express written approval from BJA. Award funds may not be used for the purchase of DNA equipment and supplies unless the resulting DNA profiles may be accepted for entry into CODIS. Booking agencies should work with their state CODIS agency to ensure all requirements are met for participation in Rapid DNA (see National Rapid DNA Booking Operational Procedures Manual).
45 Submission of eligible records relevant to the National Instant Background Check System Consonant with federal statutes that pertain to firearms and background checks -- including 18 U.S.C. 922 and 34 U.S.C. ch. 409 -- if the recipient (or any subrecipient at any tier) uses this award to fund (in whole or in part) a specific project or program (such as a law enforcement, prosecution, or court program) that results in any court dispositions, information, or other records that are "eligible records" (under federal or State law) relevant to the National Instant Background Check System (NICS), or that has as one of its purposes the establishment or improvement of records systems that contain any court dispositions, information, or other records that are "eligible records" (under federal or State law) relevant to the NICS, the recipient (or subrecipient, if applicable) must ensure that all such court Page: 17 of 23
dispositions, information, or other records that are "eligible records" (under federal or State law) relevant to the NICS are promptly made available to the NICS or to the "State" repository/database that is electronically available to (and accessed by) the NICS, and -- when appropriate -- promptly must update, correct, modify, or remove such NICS- relevant "eligible records".

In the event of minor and transitory non-compliance, the recipient may submit evidence to demonstrate diligent monitoring of compliance with this condition (including subrecipient compliance). DOJ will give great weight to any such evidence in any express written determination regarding this condition. 46 Prohibition on use of award funds for match under BVP program JAG funds may not be used as the 50% match for purposes of the DOJ Bulletproof Vest Partnership (BVP) program. 47 Certification of body armor "mandatory wear" policies, and compliance with NIJ standards If recipient uses funds under this award to purchase body armor, the recipient must submit a signed certification that each law enforcement agency receiving body armor purchased with funds from this award has a written "mandatory wear" policy in effect. The recipient must keep signed certifications on file for any subrecipients planning to utilize funds from this award for ballistic-resistant and stab-resistant body armor purchases. This policy must be in place for at least all uniformed officers before any funds from this award may be used by an agency for body armor. There are no requirements regarding the nature of the policy other than it be a mandatory wear policy for all uniformed officers while on duty.

Ballistic-resistant and stab-resistant body armor purchased with award funds may be purchased at any threat level, make or model, from any distributor or manufacturer, as long as the body armor has been tested and found to comply with applicable National Institute of Justice ballistic or stab standards, and is listed on the NIJ Compliant Body Armor Model List. In addition, ballistic-resistant and stab-resistant body armor purchased must be made in the United States and must be uniquely fitted, as set forth in 34 U.S.C. 10202(c)(1)(A). The latest NIJ standard information and the NIJ Compliant Body Armor List may be found by following the links located on the NIJ Body Armor page: https://nij.ojp.gov/ topics/equipment-and-technology/body-armor
48 Extreme risk protection programs funded by JAG must include, at a minimum: pre-deprivation and post-deprivation due process rights that prevent any violation or infringement of the Constitution of the United States, including but not limited to the Bill of Rights, and the substantive or procedural due process rights guaranteed under the Fifth and Fourteenth Amendments to the Constitution of the United States, as applied to the States, and as interpreted by State courts and United States courts (including the Supreme Court of the United States). Such programs must include, at the appropriate phase to prevent any violation of constitutional rights, at minimum, notice, the right to an in-person hearing, an unbiased adjudicator, the right to know opposing evidence, the right to present evidence, and the right to confront adverse witnesses; the right to be represented by counsel at no expense to the government; pre-deprivation and post-deprivation heightened evidentiary standards and proof which mean not less than the protections afforded to a similarly situated litigant in Federal court or promulgated by the State's evidentiary body, and sufficient to ensure the full protections of the Constitution of the United States, including but not limited to the Bill of Rights, and the substantive and procedural due process rights guaranteed under the Fifth and Fourteenth Amendments to the Constitution of the United States, as applied to the States, and as interpreted by State courts and United States courts (including the Supreme Court of the United States). The heightened evidentiary standards and proof under such programs must, at all appropriate phases to prevent any violation of any constitutional right, at minimum, prevent reliance upon evidence that is unsworn or unaffirmed, irrelevant, based on inadmissible hearsay, unreliable, vague, speculative, and lacking a foundation; and penalties for abuse of the program. 49 Expenditures prohibited without waiver
No funds under this award may be expended on the purchase of items prohibited by the JAG program statute, unless, as set forth at 34 U.S.C. 10152, the BJA Director certifies that extraordinary and exigent circumstances exist, making Page: 18 of 23
such expenditures essential to the maintenance of public safety and good order. 50 FFATA reporting: Subawards and executive compensation The recipient must comply with applicable requirements to report first-tier subawards ("subgrants") of $30,000 or more and, in certain circumstances, to report the names and total compensation of the five most highly compensated executives of the recipient and first-tier subrecipients (first-tier "subgrantees") of award funds. The details of recipient obligations, which derive from the Federal Funding Accountability and Transparency Act of 2006 (FFATA), are posted on the OJP web site at https://ojp.gov/funding/Explore/FFATA.htm (Award condition: Reporting Subawards and Executive Compensation), and are incorporated by reference here.

This condition, including its reporting requirement, does not apply to-- (1) an award of less than $30,000, or (2) an award made to an individual who received the award as a natural person (i.e., unrelated to any business or non-profit organization that he or she may own or operate in his or her name). 51 Exceptions regarding Prohibited and Controlled Equipment under OJP awards Notwithstanding any provision to the contrary in the other terms and conditions of this award, including in the condition regarding "Compliance with restrictions on the use of federal funds--prohibited and controlled equipment under OJP awards," the requirements for the “Transfer/Sale of Award-Funded Controlled Equipment to Other LEAs” and the requirements for the “Transfer/Sale of Award-Funded Controlled Equipment to NON-LEAs” do not apply to this award. 52 The recipient agrees that no funds under this grant award (including via subcontract or subaward, at any tier) may be used for unmanned aircraft systems (UAS), which includes unmanned aircraft vehicles (UAV), or for any accompanying accessories to support UAS.
53 Initial period of performance; requests for extension.

The recipient understands that for award amounts of less than $25,000 under JAG (Category 1), the initial period of performance of the award is two years. The recipient further understands that any requests for an extension of the period of performance for an award of less than $25,000 will be approved automatically for up to a total of two additional years, pursuant to 34 U.S.C. 10152(f) and in accordance with the program solicitation associated with this award.

Any request for an extension of the period of performance beyond a four-year award period will require approval, and the approval (if any) will be at the discretion of the Director of BJA. 54 Applicants must ensure that Limited English Proficiency persons have meaningful access to the services under this program(s). National origin discrimination includes discrimination on the basis of limited English proficiency (LEP). To ensure compliance with Title VI and the Safe Streets Act, recipients are required to take reasonable steps to ensure that LEP persons have meaningful access to their programs. Meaningful access may entail providing language assistance services, including oral and written translation when necessary. The U.S. Department of Justice has issued guidance for grantees to help them comply with Title VI requirements. The guidance document can be accessed on the Internet at www.lep.gov.
55 Cooperating with OJP Monitoring
The recipient agrees to cooperate with OJP monitoring of this award pursuant to OJP's guidelines, protocols, and procedures, and to cooperate with OJP (including the grant manager for this award and the Office of Chief Financial Page: 19 of 23
Officer (OCFO)) requests related to such monitoring, including requests related to desk reviews and/or site visits. The recipient agrees to provide to OJP all documentation necessary for OJP to complete its monitoring tasks, including documentation related to any subawards made under this award. Further, the recipient agrees to abide by reasonable deadlines set by OJP for providing the requested documents. Failure to cooperate with OJP's monitoring activities may result in actions that affect the recipient's DOJ awards, including, but not limited to: withholdings and/or other restrictions on the recipient's access to award funds; referral to the DOJ OIG for audit review; designation of the recipient as a DOJ High Risk grantee; or termination of an award(s). 56 Use of program income
Program income (as defined in the Part 200 Uniform Requirements) must be used in accordance with the provisions of the Part 200 Uniform Requirements. Program income earnings and expenditures both must be reported on the quarterly Federal Financial Report, SF 425.
57 Compliance with 28 C.F.R. Part 23
With respect to any information technology system funded or supported by funds under this award, the recipient (and any subrecipient at any tier) must comply with 28 C.F.R. Part 23, Criminal Intelligence Systems Operating Policies, if OJP determines this regulation to be applicable. Should OJP determine 28 C.F.R. Part 23 to be applicable, OJP may, at its discretion, perform audits of the system, as per the regulation. Should any violation of 28 C.F.R. Part 23 occur, the recipient may be fined as per 34 U.S.C. 10231(c)-(d). The recipient may not satisfy such a fine with federal funds. 58 Protection of human research subjects
The recipient (and any subrecipient at any tier) must comply with the requirements of 28 C.F.R. Part 46 and all OJP policies and procedures regarding the protection of human research subjects, including obtainment of Institutional Review Board approval, if appropriate, and subject informed consent. 59 Confidentiality of data
The recipient (and any subrecipient at any tier) must comply with all confidentiality requirements of 34 U.S.C. 10231 and 28 C.F.R. Part 22 that are applicable to collection, use, and revelation of data or information. The recipient further agrees, as a condition of award approval, to submit a Privacy Certificate that is in accord with requirements of 28 C.F.R. Part 22 and, in particular, 28 C.F.R. 22.23.
60 The recipient agrees to cooperate with any assessments, national evaluation efforts, or information or data collection requests, including, but not limited to, the provision of any information required for the assessment or evaluation of any activities within this project.
61 The recipient understands that, in accepting this award, the Authorized Representative declares and certifies, among other things, that he or she possesses the requisite legal authority to accept the award on behalf of the recipient entity and, in so doing, accepts (or adopts) all material requirements that relate to conduct throughout the period of performance under this award. The recipient further understands, and agrees, that it will not assign anyone to the role of Authorized Representative during the period of performance under the award without first ensuring that the individual has the requisite legal authority.
62 In accepting this award, the recipient agrees that grant funds cannot be used for Facial Recognition Technology (FRT) unless the recipient has policies and procedures in place to ensure that the FRT will be utilized in an appropriate and Page: 20 of 23
responsible manner that promotes public safety, and protects privacy, civil rights, and civil liberties and complies with all applicable provisions of the U.S. Constitution, including the Fourth Amendment’s protection against unreasonable searches and seizures and the First Amendment’s freedom of association and speech, as well as other laws and regulations. Recipients utilizing funds for FRT must make such policies and procedures available to DOJ upon request. 63 Withholding of funds for Budget narrative or information The recipient may not expend or draw down any award funds until the recipient submits, and OJP reviews and accepts, the required budget information or narrative for the award, and an Award Condition Modification has been issued to remove this condition.
[ ]
I have read and understand the information presented in this section of the Federal Award Instrument.

Award Acceptance
Declaration and Certification to the U.S. Department of Justice as to Acceptance By checking the declaration and certification box below, I-- A.    Declare to the U.S. Department of Justice (DOJ), under penalty of perjury, that I have authority to make this declaration and certification on behalf of the applicant.

B.    Certify to DOJ, under penalty of perjury, on behalf of myself and the applicant, to the best of my knowledge and belief, that the following are true as of the date of this award acceptance: (1) I have conducted or there was conducted (including by applicant’s legal counsel as appropriate and made available to me) a diligent review of all terms and conditions of, and all supporting materials submitted in connection with, this award, including any assurances and certifications (including anything submitted  in connection therewith by a person on behalf of the applicant before, after, or at the time of the application submission and any materials that accompany this acceptance and certification); and (2) I have the legal authority to accept this award on behalf of the applicant.

C.    Accept this award on behalf of the applicant.

D.    Declare the following to DOJ, under penalty of perjury, on behalf of myself and the applicant:  (1) I understand that, in taking (or not taking) any action pursuant to this declaration and certification, DOJ will rely upon this declaration and certification as a material representation; and (2) I understand that any materially false, fictitious, or fraudulent information or statement in this declaration and certification (or concealment or omission of a material fact as to either) may be the subject of criminal prosecution (including under 18 U.S.C. §§ 1001 and/or 1621, and/or 34 U.S.C. §§ 10271-10273), and also may subject me and the applicant to civil penalties and administrative remedies under the federal False Claims Act (including under 31 U.S.C. §§ 3729-3730 and/or §§ 3801-3812) or otherwise.

Agency Approval
Title of Approving Official
Deputy Assistant Attorney General
Name of Approving Official
Maureen Henneberg
Signed Date And Time
9/21/23 12:34 AM
Authorized Representative

Entity Acceptance
Title of Authorized Entity Official
Management Analyst
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Signed Date And Time

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City of Santa Clara
Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
23-1024 Agenda Date: 10/24/2023

REPORT TO COUNCIL AND PUBLIC FACILITIES FINANCING CORPORATION

SUBJECT
Action on a Resolution Authorizing the Execution and Recording of a Termination Agreement of the Site Lease, Lease Agreement and Assignment Agreement for the property located at 601 El Camino Real (Police Administration Building)

COUNCIL PILLAR
Deliver and Enhance High Quality Efficient Services and Infrastructure

BACKGROUND
On June 29, 2010, the City of Santa Clara (“City”) and City of Santa Clara Public Facilities Financing Corporation (“PFFC”) authorized the refinance of the 1997 Lease Payments and 1997 Certificates of Participation (“COPs”) in order to realize interest rate savings to the City of Santa Clara. The original 1997 COPs were issued for the construction of a Police Administration Building located at 601 El Camino Real in the City of Santa Clara, in the principal amount of $16,050,000 with final maturity in Fiscal Year 2022. The COPs had average coupon interest rate above 5% and annual lease payment of approximately $1.2 million. The construction was completed in late 1999. In 2010, the remaining outstanding COPs in the principal amount of $11,250,000 were called and refunded at a lower interest rate through private placement financing, as described below.

On July 13, 2010, the City entered into a site and facilities lease agreement with the PFFC (“Site Lease”) to lease the aforementioned Police Administration Building (“Property”) and the PFFC leased the Property back to the City pursuant to a lease agreement date as of July 13, 2010 (“Lease Agreement”). At the same time the PFFC entered into an Assignment Agreement with Bank of America, N.A. (“BOA”) which assigned all the rights, title and interest in the site and facilities agreement to BOA as a part of the partial refunding of the 1997 COPs that were issued. This refunding achieved total interest expense savings of $1.1 million in present value, at 3.65% interest rate, with reduced annual lease payment to approximately $1.1 million.

On March 22, 2012, BOA sold, assigned, and transferred the Assignment Agreement to Capital One Public Funding, LLC (COPF). The City has since made all required lease payments under the term of the Lease and the refunded COPs have matured in 2022.

DISCUSSION
Since the lease and its related debt has been paid in full as of February 1, 2022, a termination agreement and certificate of acceptance are required to be executed and recorded in satisfaction of the terms of the lease and to remove from title any and all BOA and COPF rights, title and interest in the Police Administration Building. All required agreements have been, or will be before finalized, approved as to form by the City Attorney.

City of Santa Clara Printed on 10/20/2023Page 1 of 2
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23-1024 Agenda Date: 10/24/2023

ENVIRONMENTAL REVIEW
The action being considered does not constitute a “project” within the meaning of the California Environmental Quality Act pursuant to section 15378(b)(4) of Title 14 of the California Code of Regulations as it is a fiscal activity which does not involve any commitment to a specific project that may result in a potentially significant physical impact on the environment.

FISCAL IMPACT
The recommended actions have no fiscal impact.

COORDINATION
This report was coordinated with the Department of Finance and the City Attorney’s Office

PUBLIC CONTACT
Public contact was made by posting the Council agenda on the City’s official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City Clerk’s Office at (408) 615-2220, email [email protected] <mailto:[email protected]> or at the public information desk at any City of Santa Clara public library.

RECOMMENDATION

1. That the City Council approve a Resolution authorizing the City Manager to execute the Termination Agreement and Certificate of Acceptance and all necessary documents related to the Site Lease, Lease Agreement and Assignment Agreement, and authorize the recording of the required documents.

2. That the City Council, acting as the Board of Directors of the City of Santa Clara Public Facilities Financing Corporation, Approve a Resolution authorizing the Executive Director to execute the Termination Agreement and Certificate of Acceptance and all necessary documents related to the Site Lease, Lease Agreement and Assignment Agreement, and authorize the recording of the required documents.

Reviewed by: Kenn Lee, Finance Director
Approved by: Jōvan D. Grogan, City Manager

ATTACHMENTS

1. Resolution for Termination Agreement - City

2. Resolution for Termination Agreement - PFFC

3. Termination Agreement
City of Santa Clara Printed on 10/20/2023Page 2 of 2
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Resolution/Termination Agreement Page 1 of 3
Rev: 7/27/2023
RESOLUTION NO. _____

A RESOLUTION OF THE CITY OF SANTA CLARA, CALIFORNIA

DIRECTING THE EXECUTION OF AND AUTHORIZING THE

RECORDING OF A TERMINATION AGREEMENT INCLUDING A

CERTIFICATE OF ACCEPTANCE

WHEREAS, pursuant to a Site and Facilities Lease dated July 13, 2010 (the “Site and Facilities Lease”), the City of Santa Clara (the “City”) leased the Police Administration Building located at 601 El Camino Real (the “Property”) to the Santa Clara Public Facilities Financing Corporation (the “Corporation”);
WHEREAS, pursuant to the Lease Agreement dated July 13, 2010 (the “Lease Agreement”), the Corporation leased the Property back to the City;
WHEREAS, pursuant to the Assignment Agreement dated July 13, 2010 (the “Assignment Agreement”), between the Corporation and Bank of America, N.A. (“BOA”) the Corporation assigned to BOA all of its right, title, and interest in and to the Site and Facilities Lease and the Lease Agreement;
WHEREAS, BOA transferred the
Assignment Agreement to Capital One Public Funding, LLC (“COPF”) on March 22, 2012;
WHEREAS, the City has paid all lease payments payable under the Lease Agreement, thereby terminating the Site and Facilities Lease, the Lease Agreement, and the Assignment Agreement (collectively, the “Agreements”);
WHEREAS, the City, the Corporation, BOA and COPF desire to evidence the termination of the Agreements, and the Corporation, BOA and COPF desire to quitclaim to the City any right, title or interest the Corporation, BOA, or COPF may have in the Property under the Agreements pursuant to the Termination Agreement between the City, the Corporation, BOA, and COPF (the “Termination Agreement”), which has been presented to the City Council for its review and approval, and which is incorporated herein by reference; WHEREAS, the Termination Agreement includes a certificate of acceptance, as required by Resolution/Termination Agreement Page 2 of 3
Rev: 7/27/2023
Government Code section 27281, by which the officer or officers executing the Termination Agreement will certify that the City has accepted the reconveyance of the Property pursuant to authorization by the City Council and that the City consents to recordation of the Termination Agreement by its duly authorized officer; and
WHEREAS, it appears to the City that the approval, execution, delivery, and recording of the Termination Agreement is desirable and in the best interests of the City; NOW THEREFORE, BE IT RESOLVED BY THE CITY OF SANTA CLARA AS FOLLOWS:

1. Authorization of Officers to Execute, Deliver, and Record Termination Agreement. The City Council hereby authorizes and directs the City Manager, the Director of Finance, or their respective designees (“Designated Officers”), and each of them individually, for and in the name of and on behalf of the City, to execute, deliver, and record the Termination Agreement in substantially the form presented to this meeting, which is hereby approved, with such changes, insertions, revisions, corrections, or amendments as shall be approved by the officer or officers executing the agreement for the City. The execution of the foregoing by a Designated Officer or Officers of the City constitutes conclusive evidence of such officer’s or officers’ and the City Council’s approval of any such changes, insertions, revisions, corrections, or amendments to the form of the agreement presented to this meeting.

2. General Authorization. The Designated Officers and other officers of the City, and each of them individually, are hereby authorized and directed, for and in the name of and on behalf of the City, to execute and deliver any and all documents, to do any and all things and take any and all actions that may be necessary or advisable, in their discretion, in order to consummate the execution, delivery, and acceptance of the Termination Agreement, and to effect the purposes of this resolution. All actions heretofore taken by officers, employees, and agents of this City that are in conformity with the purposes and intent of this resolution are hereby approved, confirmed, and ratified.

3. Effective date. This resolution shall become effective immediately.

Resolution/Termination Agreement Page 3 of 3
Rev: 7/27/2023

I HEREBY CERTIFY THE FOREGOING TO BE A TRUE COPY OF A RESOLUTION PASSED

AND ADOPTED BY THE CITY OF SANTA CLARA, CALIFORNIA, AT A REGULAR MEETING THEREOF HELD ON THE 24TH DAY OF OCTOBER, 2023, BY THE FOLLOWING VOTE:

AYES: COUNCILORS:

NOES: COUNCILORS:

ABSENT: COUNCILORS:

ABSTAINED: COUNCILORS:

ATTEST: ______________________________

NORA PIMENTEL, MMC

ASSISTANT CITY CLERK

CITY OF SANTA CLARA

Attachments incorporated by reference:

1. Termination Agreement
Santa Clara Public Facilities Financing Corporation/Termination Agreement Page 1 of 3 Rev: 7/27/2023
RESOLUTION NO. _____ (PFFC)

A RESOLUTION OF THE CITY OF SANTA CLARA PUBLIC

FACILITIES FINANCING CORPORATION DIRECTING THE

EXECUTION OF AND AUTHORIZING THE RECORDING OF A

TERMINATION AGREEMENT INCLUDING A CERTIFICATE OF

ACCEPTANCE

WHEREAS, pursuant to a Site and Facilities Lease dated July 13, 2010 (the “Site and Facilities Lease”), the City of Santa Clara (the “City”) leased the Police Administration Building located at 601 El Camino Real (the “Property”) to the Santa Clara Public Facilities Financing Corporation (the “Corporation”);
WHEREAS, pursuant to the Lease Agreement dated July 13, 2010 (the “Lease Agreement”), the Corporation leased the Property back to the City;
WHEREAS, pursuant to the Assignment Agreement dated July 13, 2010 (the “Assignment Agreement”), between the Corporation and Bank of America, N.A. (“BOA”) the Corporation assigned to BOA all of its right, title, and interest in and to the Site and Facilities Lease and the Lease Agreement;
WHEREAS, BOA transferred the Assignment Agreement to Capital One Public Funding, LLC (“COPF”) on March 22, 2012;
WHEREAS, the City has paid all lease payments payable under the Lease Agreement, thereby terminating the Site and Facilities Lease, the Lease Agreement, and the Assignment Agreement (collectively, the “Agreements”);
WHEREAS, the City, the Corporation, BOA and COPF desire to evidence the termination of the Agreements, and the Corporation, BOA and COPF desire to quitclaim to the City any right, title or interest the Corporation, BOA, or COPF may have in the Property under the Agreements pursuant to the Termination Agreement between the City, the Corporation, BOA, and COPF (the “Termination Agreement”), which has been presented to the Board of Directors of the City of Santa Clara Public Facilities Financing Corporation (the “Board”) for its review and approval, and which is incorporated herein by reference; and
Santa Clara Public Facilities Financing Corporation/Termination Agreement Page 2 of 3 Rev: 7/27/2023
WHEREAS, the Termination Agreement includes a certificate of acceptance, as required by Government Code section 27281, by which the officer or officers executing the Termination Agreement will certify that the City has accepted the reconveyance of the Property pursuant to authorization by the Board and that the Corporation consents to recordation of the Termination Agreement by its duly authorized officer;

NOW THEREFORE, BE IT RESOLVED BY THE CITY OF SANTA CLARA PUBLIC FACILITIES FINANCING CORPORATION AS FOLLOWS:

1. Authorization of Officers to Execute, Deliver, and Record Termination Agreement. The Board hereby authorizes and directs the Executive Director, or their designee (“Designated Office), for and in the name of and on behalf of the Corporation, to execute, deliver, and record the Termination Agreement in substantially the form presented to this meeting, which is hereby approved, with such changes, insertions, revisions, corrections, or amendments as shall be approved by the officer or officers executing the agreement for the Corporation. The execution of the foregoing by a Designated Officer or Officers of the Corporation constitutes conclusive evidence of such officer’s or officers’ and the Board’s approval of any such changes, insertions, revisions, corrections, or amendments to the form of the agreement presented to this meeting.

2. General Authorization. The Designated Officers and other officers of the Corporation, and each of them individually, are hereby authorized and directed, for and in the name of and on behalf of the Corporation, to execute and deliver any and all documents, to do any and all things and take any and all actions that may be necessary or advisable, in their discretion, in order to consummate the execution, delivery, and acceptance of the Termination Agreement, and to effect the purposes of this resolution. All actions heretofore taken by officers, employees, and agents of this Corporation that are in conformity with the purposes and intent of this resolution are hereby approved, confirmed, and ratified.

3. Effective date. This resolution shall become effective immediately.

I HEREBY CERTIFY THE FOREGOING TO BE A TRUE COPY OF A RESOLUTION PASSED AND Santa Clara Public Facilities Financing Corporation/Termination Agreement Page 3 of 3 Rev: 7/27/2023

ADOPTED BY THE CITY OF SANTA CLARA PUBLIC FACILITIES FINANCING CORPORATION, AT A REGULAR MEETING THEREOF HELD ON THE 24TH DAY OF OCTOBER, 2023, BY THE FOLLOWING VOTE:

AYES: DIRECTORS:

NOES: DIRECTORS:

ABSENT: DIRECTORS:

ABSTAINED: DIRECTORS:

ATTEST: _________________________________________

NORA PIMENTEL, MMC

SECRETARY OF THE CITY OF SANTA CLARA

PUBLIC FACILITIES FINANCING CORPORATION

Attachments incorporated by reference:

1.Termination Agreement

RECORDING REQUESTED BY:

City of Santa Clara
WHEN RECORDED RETURN TO:

CITY OF SANTA CLARA
City Clerk’s Office
1500 Warburton Avenue
Santa Clara, California 95050
With copy to:

Lozano Smith, LLP
One Capitol Mall, Suite 640
Sacramento, CA 95814
Attn.: Deborah Fields
This document is recorded for the benefit of the City of Santa Clara and recording is exempt from recording fees pursuant to California Government Code §27383.

This transaction is exempt from California documentary transfer tax pursuant to California Revenue & Taxation Code §11922.

This document terminates leases whose original terms (including renewal options) and remaining terms at termination were less than 35 years.

TERMINATION AGREEMENT
between the

CITY OF SANTA CLARA,
the CITY OF SANTA CLARA PUBLIC FACILITIES FINANCING CORPORATION, BANK OF AMERICA, N.A.
and

CAPITAL ONE PUBLIC FUNDING, LLC

Dated as of October [XX], 2023

2397604.2 11338-005 1

TERMINATION AGREEMENT
THIS TERMINATION AGREEMENT (this “Termination Agreement”) dated as of October [XX], 2023, between the CITY OF SANTA CLARA (the “City”), the CITY OF SANTA CLARA PUBLIC FACILITIES FINANCING CORPORATION (the “Corporation”), BANK OF AMERICA, N.A. (the “Bank”), and CAPITAL ONE PUBLIC FUNDING, LLC (“COPF”),
W I T N E S S E T H:

WHEREAS, on June 29, 2010, the City and the Corporation adopted Resolutions 10-7755 and 10-1, respectively, authorizing the refinance of the 1997 Lease Payments and 1997 Certificates of Participation in order to realize interest rate savings to the City; WHEREAS, the City leased to the Corporation pursuant to the Site Lease dated as of July 1, 2010 (the “Site Lease”), the real property described on Exhibit A hereto (the “Property”); and the Corporation leased the Property back to the City pursuant to the Lease Agreement dated as of July 1, 2010 (the “Lease Agreement”), between the Corporation and the City; WHEREAS, pursuant to the Assignment Agreement dated as of July 1, 2010 (the “Assignment Agreement”), between the Corporation and the Bank, the Corporation assigned to the Bank all of its right, title, and interest in and to the Site Lease and the Lease Agreement; WHEREAS, pursuant to the Specification of Assigned Interest (March 22, 2012) (the “Specification”), between the Bank, COPF, and certain other parties, the Bank assigned to COPF all of its right, title, and interest in and to the Site Lease and the Lease Agreement; WHEREAS, the City has paid all lease payments payable under the Lease Agreement, thereby terminating the Site Lease, the Lease Agreement, the Assignment Agreement, and the Specification with respect to the Property (collectively, the “Agreements”); WHEREAS, the City, the Corporation, the Bank, and COPF desire to evidence the termination of the Agreements, and the Corporation, the Bank, and COPF desire to quitclaim to the City any right, title or interest the Corporation, the Bank, or COPF may have in the Property under the Agreements; and
WHEREAS, all acts, conditions and things required by law to exist, to have happened and to have been performed precedent to and in connection with the execution and entering into of this Termination Agreement do exist, have happened and have been performed in regular and due time, form and manner as required by law, and the parties hereto are now duly authorized to execute and enter into this Termination Agreement;
NOW, THEREFORE, in consideration of the foregoing, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree:

ARTICLE I

TERMINATION
By virtue of the payment of the lease payments due under the Lease Agreement, the term of the Lease Agreement has terminated. By virtue of the termination of the Lease Agreement, the Site Lease has terminated. The Corporation and the Bank hereby agree to terminate the Assignment Agreement. The Bank and COPF hereby agree to terminate the Specification with respect to the Property. The City, the Corporation, the Bank, and COPF agree that their 2397604.2 11338-005 2
respective interests in the following agreements are hereby terminated and are of no further force or effect:
a. Site Lease, recorded on July 13, 2010, as Instrument No. 20772199 in Official Records of Santa Clara County;
b. Lease Agreement, recorded on July 13, 2010, as Instrument No. 20772200 in Official Records of Santa Clara County; and
c. Assignment Agreement, recorded on July 13, 2010, as Instrument No. 20772201 in Official Records of Santa Clara County.

The Bank and COPF agree that their respective interests in the Specification of Assigned Interest (March 22, 2012), which has not been recorded. are of no further force or effect with respect to the Property.

ARTICLE II

QUITCLAIMS
The Corporation hereby quitclaims, remises, releases, conveys and transfers all right, title and interest it may have in the Property to the City free and clear of any interest of the Corporation. The Bank hereby quitclaims, remises, releases, conveys and transfers all right, title and interest it may have in the Property to the City free and clear of any interest of the Bank.

COPF hereby quitclaims, remises, releases, conveys and transfers all right, title and interest it may have in the Property to the City free and clear of any interest of COPF.

ARTICLE III

MISCELLANEOUS
Section 1. Binding Effect. This Termination Agreement inures to the benefit of and is binding upon the City, the Corporation, the Bank, and COPF and their respective successors and assigns.

Section 2. Severability. If any provision of this Termination Agreement is held invalid or unenforceable by any court of competent jurisdiction, such holding does not invalidate or render unenforceable any other provision hereof.

Section 3. Effectiveness. This Termination Agreement becomes effective on the date of its recordation.

Section 4. Execution in Counterparts. This Termination Agreement may be simultaneously executed in several counterparts, each of which is an original and all of which constitute but one and the same instrument.

Section 5. Applicable Law. This Termination Agreement is governed by and shall be construed in accordance with the laws of the State of California.

ARTICLE IV

CERTIFICATE OF ACCEPTANCE
This is to certify that the interest in real property conveyed by this Termination Agreement from the Corporation, the Bank, and COPF to the City, a California municipal corporation and charter city, is hereby accepted by order of the City Council on October [XX], 2023, and the City consents to recordation hereof by its duly authorized officer. 2397604.2 11338-005 3
IN WITNESS WHEREOF, the parties hereto have caused this Termination Agreement to be executed by their respective officers thereunto duly authorized, all as of the day and year first above written.

CITY OF SANTA CLARA

By: [NOTE: execution copy will be forwarded later.]
Jōvan Grogan
City Manager
Approved as to Form:

By:

Glen R. Googins
City Attorney

CITY OF SANTA CLARA PUBLIC FACILITIES

FINANCING CORPORATION

By: [NOTE: execution copy will be forwarded later.]
Jōvan Grogan
Executive Director
Approved as to Form:

By:

Glen R. Googins
General Counsel

2397604.2 11338-005 4
BANK OF AMERICA, N.A.

By:

CAPITAL ONE PUBLIC FUNDING, LLC

By:

Catherine DeLuca
Vice President

ACKNOWLEDGMENT
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.

STATE OF CALIFORNIA )
) ss.

COUNTY OF SANTA CLARA )

On _____________________________ before me,
_____________________________________, Notary Public, personally appeared Jōvan Grogan, who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he executed the same in his authorized capacities and that, by his signature on the instrument, the entities upon behalf of which he acted executed the instrument.

I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.

WITNESS my hand and official seal [SEAL]

SIGNATURE OF NOTARY PUBLIC

ACKNOWLEDGMENT
A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document.

STATE OF CALIFORNIA )
) ss.

COUNTY OF __________ )

On _____________________________ before me,
_____________________________________, Notary Public, personally appeared _____________________________________, who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity and that, by his/her/their signature on the instrument, the entity upon behalf of which he/she/they acted executed the instrument.

I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct.

WITNESS my hand and official seal [SEAL]

SIGNATURE OF NOTARY PUBLIC

NOTARY ACKNOWLEDGMENT – NEW YORK
Insert NEW YORK acknowledgment form for COPF

2397604.2 11338-005

EXHIBIT A

LEGAL DESCRIPTION OF THE PROPERTY
The Property consists of the following described land located in the City of Santa Clara, County of Santa Clara, State of California, together with all buildings, facilities and other improvements which constitute real property and which are located thereon:

Parcel 1 as shown on that certain Parcel Map filed for record in the Office of the Recorder of the County of Santa Clara, State of California, on September 24, 1998, in Book 708 of Maps, pages 22 and 23. Excepting therefrom all minerals and mineral rights, interests and royalties, including, without limiting the generality thereof, oil, gas and other hydrocarbon substances, as well as metallic or other solid minerals, in and under the property; without, however, the right for any purpose whatsoever to enter upon, into or through the surface of the Property in connection therewith, as reserved by Southern Pacific Transportation Company, a Delaware corporation, in Corporation Grant Deed recorded February 28, 1992 in Book M066, Page 1278 as Instrument No. 11252357 of Official Records.

APN: 230-06-052
ARB: 230-50-001.01
City of Santa Clara
Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
23-1261 Agenda Date: 10/24/2023

REPORT TO COUNCIL

SUBJECT
Authorize the City Manager to Execute a Small Generator Interconnection Agreement and Related Affidavit for the Grizzly Powerhouse, Silicon Valley Power’s Hydroelectric Resource Located in Plumas County, California, With the California Independent System Operator (CAISO) and Pacific Gas & Electric (PG&E)

COUNCIL PILLAR
Deliver and Enhance High Quality Efficient Services and Infrastructure

BACKGROUND
On March 3, 1990, the City Council authorized the Mayor and City Manager to execute the Grizzly Development and Mokelumne Settlement Agreement (GDMSA) by and between the City and PG&E, the Bucks Creek Relicensing Agreement by and between the City and PG&E, and the Joint Application for Designation of City of Santa Clara as a Joint Licensee of Federal Energy Regulatory Commission (FERC) Project No. 619 (the Bucks Creek Project). The GDMSA and the FERC hydroelectric license amendments allowed Silicon Valley Power to construct and own a 20 MW hydroelectric development project and related facilities, known as the Grizzly Development Project (Grizzly Powerhouse), which has been a valuable electric resource to SVP since it commenced operations in 1993.

As a result of the 2018 Camp Fire, the PG&E Caribou - Palermo 115 kV transmission line was de- energized and permanently removed from service. This transmission line was the Grizzly Powerhouse’s only connection to the California Independent System Operator - controlled electric transmission grid (CAISO Grid); thus, when the transmission line was destroyed, the Grizzly Powerhouse was stranded from the CAISO Grid and unable to produce power for delivery to Santa Clara. In accordance with the provisions of the GDMSA, when PG&E took a “forced outage” of this transmission line, PG&E was obligated to restore transmission service to the Grizzly Powerhouse.

This restoration of transmission service will be through a new point of interconnection at PG&E’s nearby Bucks Creek Powerhouse, connecting to an existing PG&E 230 kV transmission line. In accordance with the FERC-regulated CAISO Tariff, Section 25.1(c), this new interconnection to the CAISO Grid obligates PG&E, SVP, and the CAISO to enter into a three-party Small Generator Interconnection Agreement (SGIA).

DISCUSSION
The purpose of the SGIA is to implement FERC’s Order No. 2006 setting forth the requirements for Small Generating Facility interconnections to the CAISO Grid. The Grizzly Powerhouse SGIA will be based on the FERC-approved pro forma SGIA contained in the CAISO Tariff, but Article 13 and the Attachments will be customized to account for characteristics unique to the Grizzly Powerhouse and the provisions of the GDMSA. Along with executing an SGIA, the CAISO requires that an affidavit be City of Santa Clara Printed on 10/20/2023Page 1 of 3
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23-1261 Agenda Date: 10/24/2023
submitted by an authorized representative of the City, attesting that the total capability and/or electrical characteristics of the Grizzly Powerhouse will remain substantially unchanged when the new point of interconnection to the CAISO Grid is energized and the Grizzly Powerhouse again begins to deliver power to Santa Clara.

The Grizzly Powerhouse had been a part of SVP’s renewable energy portfolio, with a nameplate capacity rating of 20 MW (nameplate capacity is the maximum output, but the operational capacity will be lower due to a number of factors). The resource is anticipated to return to service later this year or Q1 of 2024.

ENVIRONMENTAL REVIEW
On September 29, 2020, the City Council independently reviewed and considered the contents of FERC’s Final Environmental Impact Study and Draft and Final CEQA Supplements of the Bucks Creek Project, which includes the Grizzly Powerhouse. Under the California Environmental Quality Act (CEQA), the City Council determined that that there was no substantial evidence that the project would have a significant effect on the environment and also certified and approved the Final CEQA Supplement.

The proposed approval of the SGIA and related actions do not involve substantial changes to the Bucks Creek Project. Therefore, no subsequent or supplemental environmental review is required under CEQA pursuant to Section 15162 of Title 14 of the California Code of Regulations.

FISCAL IMPACT
While there is no cost impact to execute the SGIA or the related Affidavit, failure to execute the agreement will prevent the energy and other attributes produced by the Grizzly Powerhouse from being able to be used by SVP to serve the City’s electricity needs. With a new 50-year hydroelectric license having been issued by FERC in August 2022 to the Bucks Creek Project (FERC Project No. 619), including the Grizzly Powerhouse, the cost of SVP not being able to use the energy and other attributes of the Grizzly Powerhouse to serve the City is well more than $100,000,000.00 (on a Net Present Value basis) over the life of the Bucks Creek Project license.

COORDINATION
This report has been coordinated with the Finance Department and City Attorney’s Office.

PUBLIC CONTACT
Public contact was made by posting the Council agenda on the City’s official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City Clerk’s Office at (408) 615-2220, email [email protected] <mailto:[email protected]> or at the public information desk at any City of Santa Clara public library.

RECOMMENDATION

1. Authorize the City Manager to negotiate, approve, and execute a Small Generator Interconnection Agreement (SGIA) for Grizzly Powerhouse with the California Independent System Operator (CAISO) and Pacific Gas and Electric (PG&E), based on the pro forma SGIA attached hereto and any necessary or advisable amendments as may be required to maintain compliance and consistency with the CAISO Tariff and the GDMSA, subject to the review and approval as to form City of Santa Clara Printed on 10/20/2023Page 2 of 3
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23-1261 Agenda Date: 10/24/2023
by the City Attorney; and

2. Authorize City Manager, or designee, to approve and execute related documents and take any necessary or advisable actions to implement and administer the SGIA with CAISO and PG&E, including executing a CAISO-required affidavit regarding the electrical characteristics of the Grizzly Powerhouse.

Reviewed by: Manuel Pineda, Chief Electric Utility Officer Approved by: Jōvan D. Grogan, City Manager

ATTACHMENTS

1. Pro Forma Small Generator Interconnection Agreement in Substantive Form City of Santa Clara Printed on 10/20/2023Page 3 of 3
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California Independent System Operator Corporation
Fifth Replacement Tariff
February 11, 2023
Appendix FF
Table of Contents
Appendix FF ................................ ................................ ................................ ................................ ............ 3 Small Generator Interconnection Agreement for Interconnection Requests Processed Under the Generator Interconnection and Deliverability Allocation Procedures................................ ............. 3 Article 1. Scope and Limitations of Agreement ................................ ................................ ......................... 4

1.1 ................................ ................................ ................................ ................................ ................... 4

1.2 ................................ ................................ ................................ ................................ ................... 4

1.3 ................................ ................................ ................................ ................................ ................... 4

1.4 ................................ ................................ ................................ ................................ ................... 4

1.5 Responsibilities of the Parties................................ ................................ ................................ ...... 4

1.6 Parallel Operation Obligations ................................ ................................ ................................ ..... 5

1.7 Metering................................ ................................ ................................ ................................ ...... 5

1.8 Reactive Power and Primary Frequency Response ................................ ................................ ..... 6

1.8.1 ................................ ................................ ................................ ................................ ................... 6

1.8.2 ................................ ................................ ................................ ................................ ................... 6

1.8.3 Primary Frequency Response. ................................ ................................ ................................ .... 6

1.9 ................................ ................................ ................................ ................................ ................... 9

1.10 TP Deliverability ................................ ................................ ................................ .......................... 9 Article 2. Inspection, Testing, Authorization, and Right of Access ................................ ............................. 9

2.1 Equipment Testing and Inspection................................ ................................ ............................... 9

2.2 Authorization Required Prior to Parallel Operation ................................ ................................ ....... 9

2.3 Right of Access to Premises ................................ ................................ ................................ ........ 9 Article 3. Effective Date, Term, Termination, and Disconnection ................................ ............................. 10

3.1 Effective Date ................................ ................................ ................................ ........................... 10

3.2 Term of Agreement ................................ ................................ ................................ ................... 10

3.3 Termination ................................ ................................ ................................ ............................... 10

3.4 Temporary Disconnection................................ ................................ ................................ .......... 11 Article 4. Costs for Interconnection Facilities, and Distribution Upgrades ................................ ................ 13

4.1 Interconnection Facilities ................................ ................................ ................................ ........... 13

4.2 Distribution Upgrades ................................ ................................ ................................ ................ 13

5.1 Applicability ................................ ................................ ................................ ............................... 13

5.2 Network Upgrades ................................ ................................ ................................ .................... 13

5.3 Transmission Credits ................................ ................................ ................................ ................ 14 Article 6. Billing, Payment, Milestones, and Financial Security................................ ................................ 18

6.1 Billing and Payment Procedures and Final Accounting ................................ .............................. 18

6.2 Milestones ................................ ................................ ................................ ................................ 19

6.3 Interconnection Financial Security Arrangements for Small Generating Facilities Processed Under the Fast Track Process or Small Generating Facilities Processed under SGIP........................... 19

6.4 Interconnection Financial Security Arrangements for All Other Small Generating Facilities ........ 19 Article 7. Assignment, Liability, Indemnity, Force Majeure, and Default ................................ .................. 20

7.1 Assignment ................................ ................................ ................................ ............................... 20

7.2 Limitation of Liability ................................ ................................ ................................ .................. 20

7.3 Indemnity ................................ ................................ ................................ ................................ .. 21

7.4 Consequential Damages ................................ ................................ ................................ ........... 21

7.5 Force Majeure ................................ ................................ ................................ ........................... 21

7.6 Default ................................ ................................ ................................ ................................ ...... 22 Article 8. Insurance ................................ ................................ ................................ ................................ 22

8.1 ................................ ................................ ................................ ................................ ................. 22

8.2 ................................ ................................ ................................ ................................ ................. 22

8.3 ................................ ................................ ................................ ................................ ................. 22

8.4 ................................ ................................ ................................ ................................ ................. 23 Article 9. Confidentiality ................................ ................................ ................................ ......................... 23

9.1 ................................ ................................ ................................ ................................ ................. 23

9.2 ................................ ................................ ................................ ................................ ................. 23

9.3 ................................ ................................ ................................ ................................ ................. 23 California Independent System Operator Corporation
Fifth Replacement Tariff
February 11, 2023
Appendix FF
Article 10. Disputes ................................ ................................ ................................ ................................ 23

10.1 ................................ ................................ ................................ ................................ ................. 23

10.2 ................................ ................................ ................................ ................................ ................. 24

10.3 ................................ ................................ ................................ ................................ ................. 24

10.4 ................................ ................................ ................................ ................................ ................. 24

10.5 ................................ ................................ ................................ ................................ ................. 24

10.6 ................................ ................................ ................................ ................................ ................. 24 Article 11. Taxes ................................ ................................ ................................ ................................ .... 24

11.1 ................................ ................................ ................................ ................................ ................. 24

11.2 ................................ ................................ ................................ ................................ ................. 24 Article 12. Miscellaneous ................................ ................................ ................................ ....................... 24

12.1 Governing Law, Regulatory Authority, and Rules ................................ ................................ ....... 24

12.2 Amendment ................................ ................................ ................................ .............................. 24

12.3 No Third-Party Beneficiaries ................................ ................................ ................................ ...... 24

12.4 Waiver ................................ ................................ ................................ ................................ ...... 24

12.5 Entire Agreement ................................ ................................ ................................ ...................... 25

12.6 Multiple Counterparts ................................ ................................ ................................ ................ 25

12.7 No Partnership ................................ ................................ ................................ .......................... 25

12.8 Severability ................................ ................................ ................................ ............................... 25

12.9 Security Arrangements ................................ ................................ ................................ .............. 25

12.10 Environmental Releases ................................ ................................ ................................ ........... 25

12.11 Subcontractors ................................ ................................ ................................ .......................... 26

12.12 Reservation of Rights ................................ ................................ ................................ ................ 26

12.13 Annual Reassessment Process ................................ ................................ ................................ . 27 Article 13. Notices................................ ................................ ................................ ................................ .. 27

13.1 General ................................ ................................ ................................ ................................ ..... 27

13.2 Billing and Payment ................................ ................................ ................................ .................. 29

13.3 Alternative Forms of Notice ................................ ................................ ................................ ....... 29

13.4 Designated Operating Representative ................................ ................................ ....................... 30

13.5 Changes to the Notice Information ................................ ................................ ............................ 31 Article 14. Signatures................................ ................................ ................................ ............................. 31 Attachment 2 Description and Costs of the Small Generating Facility, Interconnection Facilities, and Metering Equipment ................................ ................................ ................................ .................. 37 Attachment 3 One-line Diagram Depicting the Small Generating Facility, Interconnection Facilities, Metering Equipment, and Upgrades ................................ ................................ .......................... 38 Attachment 4 Milestones................................ ................................ ................................ ....................... 39 Attachment 5 Additional Operating Requirements for the CAISO Controlled Grid and Affected Systems Needed to Support the Interconnection Customer's Needs ................................ ........................ 40 Attachment 6 Participating TO’s Description of its Upgrades and Best Estimate of Upgrade Costs ........ 41 Attachment 7 Interconnection Requirements for an Asynchronous Small Generating Facility ................ 42 Attachment 8 [This Attachment is Intentionally Omitted] ................................ ................................ ........ 44

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Appendix FF
Small Generator Interconnection Agreement for Interconnection Requests Processed Under the Generator Interconnection and Deliverability Allocation Procedures (Appendix DD to the CAISO Tariff)
This Small Generator Interconnection Agreement ("Agreement") is made and entered into this day of , 20 , by
(“Participating TO”), the California Independent System Operator Corporation, a California nonprofit public benefit corporation organized and existing under the laws of the State of California (“CAISO”) and (“Interconnection Customer”)
each hereinafter sometimes referred to individually as "Party" or referred to collectively as the "Parties." Participating TO Information
Participating TO:

Attention:

Address:

City: State: Zip:

Phone: Fax:

E-mail Address:

CAISO Information
Attention:
250 Outcropping Way
Folsom, CA 95630
Phone: Fax:

E-mail: @caiso.com

Interconnection Customer Information
Interconnection Customer:

Address:

City: State: Zip:

Phone: Fax:

E-mail Address:

Interconnection Customer Queue Position No:

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In consideration of the mutual covenants set forth herein, the Parties agree as follows:

Article 1. Scope and Limitations of Agreement

1.1 This Agreement shall be used for all Small Generating Facility Interconnection Requests submitted under the Generator Interconnection and Transmission Allocation Procedures (GIDAP) set forth in Appendix DD except for those submitted under the 10 kW Inverter Process contained in GIDAP Appendix 7. For those Interconnection Requests, GIDAP Appendix 7 contains the terms and conditions which serve as the Interconnection Agreement.

1.2 This Agreement governs the terms and conditions under which the Interconnection Customer’s Small Generating Facility will interconnect with, and operate in parallel with, the Participating TO’s Transmission System.

1.3 This Agreement does not constitute an agreement to purchase or deliver the Interconnection Customer's power. The purchase or delivery of power and other services that the Interconnection Customer may require will be covered under separate agreements, if any. The Interconnection Customer will be responsible for separately making all necessary arrangements (including scheduling) for delivery of electricity in accordance with the CAISO Tariff. Full Capacity Deliverability Status, Partial Capacity Deliverability Status, and Off-Peak Deliverability Status do not confer any priority over other Generating Facilities to deliver Energy; nor provide any warranty or guarantee to deliver any amount of Energy or avoid curtailment at any time.

1.4 Nothing in this Agreement is intended to affect any other agreement between or among the Parties.

1.5 Responsibilities of the Parties

1.5.1 The Parties shall perform all obligations of this Agreement in accordance with all Applicable Laws and Regulations, Operating Requirements, and Good Utility Practice.

The Parties shall use the Large Generator Interconnection Agreement (CAISO Tariff Appendix CC) to interpret the responsibilities of the Parties under this Agreement.

1.5.2 The Interconnection Customer shall construct, interconnect, operate and maintain its Small Generating Facility and construct, operate, and maintain its Interconnection Facilities in accordance with the applicable manufacturer's recommended maintenance schedule, and in accordance with this Agreement, and with Good Utility Practice.

1.5.3 The Participating TO shall construct, operate, and maintain its Interconnection Facilities and Upgrades in accordance with this Agreement, and with Good Utility Practice. The CAISO and the Participating TO shall cause the Participating TO’s Transmission System to be operated and controlled in a safe and reliable manner and in accordance with this Agreement.

1.5.4 The Interconnection Customer agrees to construct its facilities or systems in accordance with applicable specifications that meet or exceed those provided by the National Electrical Safety Code, the American National Standards Institute, IEEE, Underwriter's Laboratory, and Operating Requirements in effect at the time of construction and other applicable national and state codes and standards. The Interconnection Customer agrees to design, install, maintain, and operate its Small Generating Facility so as to reasonably minimize the likelihood of a disturbance adversely affecting or impairing the system or equipment of the Participating TO and any Affected Systems. The Interconnection Customer shall comply with the Participating TO’s Interconnection Handbook. In the event of a conflict between the terms of this Agreement and the terms of the Participating TO’s Interconnection Handbook, the terms in this Agreement shall govern.

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1.5.5 Each Party shall operate, maintain, repair, and inspect, and shall be fully responsible for the facilities that it now or subsequently may own unless otherwise specified in the Attachments to this Agreement. Each Party shall be responsible for the safe installation, maintenance, repair and condition of their respective lines and appurtenances on their respective sides of the Point of Change of Ownership. The Participating TO and the Interconnection Customer, as appropriate, shall provide Interconnection Facilities that adequately protect the CAISO Controlled Grid, the Participating TO’s electric system, the Participating TO’s personnel, and other persons from damage and injury. The allocation of responsibility for the design, installation, operation, maintenance and ownership of Interconnection Facilities shall be delineated in the Attachments to this Agreement.

1.5.6 The Participating TO and the CAISO shall coordinate with Affected Systems to support the interconnection.

1.5.7 For Interconnection Customers that execute or request the un-executed filing of an SGIA on or after October 5, 2016, the Interconnection Customer shall ensure “frequency ride- through” capability and “voltage ride-through” capability of its Small Generating Facility.

Frequency Conditions. The CAISO Controlled Grid is designed to automatically activate a load-shed program as required by the Applicable Reliability Standards and the Applicable Reliability Council in the event of an under-frequency system disturbance.

The Interconnection Customer shall implement under-frequency and over-frequency protection set points for the Small Generating Facility as required by Applicable Reliability Standards and the Applicable Reliability Council to ensure “ride-through” capability.

Small Generating Facility response to frequency deviations of pre-determined magnitudes, both under-frequency and over-frequency deviations, shall be studied and coordinated with the Participating TO and CAISO in accordance with Good Utility Practice. The term "ride-through" as used herein shall mean the ability of a Generating Facility to stay connected to and synchronized with the CAISO Controlled Grid during system disturbances within a range of under-frequency and over-frequency conditions, in accordance with Good Utility Practice. Asynchronous Generating Facilities are subject to the frequency ride-through requirements set forth in Attachment 7.

Voltage Conditions. The Interconnection Customer shall ensure “voltage ride-through” capability of its Small Generating Facility. The Interconnection Customer shall enable these capabilities such that its Small Generating Facility shall not disconnect automatically or instantaneously from the system or equipment of the CAISO and any Affected Systems for an under-voltage or over-voltage condition, as tested pursuant to section 2.1 of this Agreement. The defined conditions shall be in accordance with Good Utility Practice and consistent with any standards and guidelines that are applied to other generating facilities in the Balancing Authority Area on a comparable basis.

Asynchronous Generating Facilities are subject to the voltage ride-through requirements set forth in Attachment 7.

1.6 Parallel Operation Obligations
Once the Small Generating Facility has been authorized to commence parallel operation, the Interconnection Customer shall abide by all rules and procedures pertaining to the parallel operation of the Small Generating Facility in the CAISO Balancing Authority Area, including, but not limited to; 1) the rules and procedures concerning the operation of generation set forth in the CAISO Tariff for the CAISO Controlled Grid and; 2) the Operating Requirements set forth in Attachment 5 of this Agreement.

1.7 Metering
The Interconnection Customer shall be responsible for the reasonable and necessary cost for the California Independent System Operator Corporation
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purchase, installation, operation, maintenance, testing, repair, and replacement of metering and data acquisition equipment specified in Attachments 2 and 3 of this Agreement. The Interconnection Customer's metering (and data acquisition, as required) equipment shall conform to applicable industry rules and Operating Requirements.

1.8 Reactive Power and Primary Frequency Response

1.8.1 For synchronous Generating Facilities, the Interconnection Customer shall design its Small Generating Facility to maintain a composite power delivery at continuous rated power output at the terminals of each generating unit at a power factor within the range of

0.95 leading to 0.90 lagging, unless the CAISO has established different requirements that apply to all similarly situated generators in the CAISO Balancing Authority Area on a comparable basis. The requirements of this paragraph shall not apply to Asynchronous Generating Facilities and the requirements of Attachment 7 shall apply instead except in the following cases: (a) an Interconnection Customer posts Interconnection Financial Security for an Asynchronous Generating Facility pursuant to Appendix DD of the CAISO Tariff Section 11.2.2 on or after September 21, 2016; or (b) and Interconnection Customer that submits an Interconnection Request for an Asynchronous Generating Facility under the Fast Track Process pursuant to Appendix DD of the CAISO Tariff on or after September 16, 2016.

When an Interconnection Customer posts Interconnection Financial Security for an Asynchronous Generating Facility pursuant to Appendix DD of the CAISO Tariff Section

11.2.2 on or after September 21, 2016, the Interconnection Customer will design the Small Generating Facility to maintain a composite power delivery at continuous rated power output at the high-side of the generator substation at a power factor within the range of 0.95 leading to 0.95 lagging, unless the CAISO has established a different power factor range that applies to all Asynchronous Generating Facilities on a comparable basis. This power factor range standard shall be dynamic and can be met using, for example, power electronics designed to supply this level of reactive capability (taking into account any limitations due to voltage level, real power output, etc.) or fixed and switched capacitors and reactors, or a combination of the two.

When an Interconnection Customer submits an Interconnection Request for an Asynchronous Generating Facility under the Fast Track Process pursuant to Appendix DD of the CAISO Tariff on or after September 21, 2016, the Interconnection Customer will design the Small Generating Facility to maintain a composite power delivery at continuous rated power output at the high-side of the generator substation at a power factor within the range of 0.95 leading to 0.95 lagging, unless the CAISO has established a different power factor range that applies to all Asynchronous Generating Facilities on a comparable basis. This power factor range standard shall be dynamic and can be met using, for example, power electronics designed to supply this level of reactive capability (taking into account any limitations due to voltage level, real power output, etc.) or fixed and switched capacitors and reactors, or a combination of the two.

1.8.2 Payment to the Interconnection Customer for reactive power that the Small Generating Facility provides or absorbs when the CAISO requests the Interconnection Customer to operate its Small Generating Facility outside the range specified in Article 1.8.1 will be made by the CAISO in accordance with the applicable provisions of the CAISO Tariff.

1.8.3 Primary Frequency Response. Interconnection Customer shall ensure the primary frequency response capability of its Small Generating Facility by installing, maintaining, and operating a functioning governor or equivalent controls. The term “functioning governor or equivalent controls” as used herein shall mean the required hardware and/or software that provides frequency responsive real power control with the ability to sense changes in system frequency and autonomously adjust the Small Generating Facility’s California Independent System Operator Corporation
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real power output in accordance with the droop and deadband parameters and in the direction needed to correct frequency deviations. Interconnection Customer is required to install a governor or equivalent controls with the capability of operating: (1) with a maximum 5 percent droop and ±0.036 Hz deadband; or (2) in accordance with the relevant droop, deadband, and timely and sustained response settings from Applicable Reliability Standards providing for equivalent or more stringent parameters. The droop characteristic shall be: (1) based on the nameplate capacity of the Small Generating Facility, and shall be linear in the range of frequencies between 59 to 61 Hz that are outside of the deadband parameter; or (2) based on Applicable Reliability Standards providing for an equivalent or more stringent parameter. The deadband parameter shall be: the range of frequencies above and below nominal (60 Hz) in which the governor or equivalent controls is not expected to adjust the Small Generating Facility’s real power output in response to frequency deviations. The deadband shall be implemented: (1) without a step to the droop curve, that is, once the frequency deviation exceeds the deadband parameter, the expected change in the Small Generating Facility’s real power output in response to frequency deviations shall start from zero and then increase (for under-frequency deviations) or decrease (for over-frequency deviations) linearly in proportion to the magnitude of the frequency deviation; or (2) in accordance with Applicable Reliability Standards providing for an equivalent or more stringent parameter.

Interconnection Customer shall notify the CAISO that the primary frequency response capability of the Small Generating Facility has been tested and confirmed during commissioning. Once Interconnection Customer has synchronized the Small Generating Facility with the CAISO Controlled Grid, Interconnection Customer shall operate the Small Generating Facility consistent with the provisions specified in Sections 1.8.3.1 and

1.8.3.2 of this SGIA. The primary frequency response requirements contained herein shall apply to both synchronous and non-synchronous Small Generating Facilities.

1.8.3.1 Governor or Equivalent Controls. Whenever the Small Generating Facility is operated in parallel with the CAISO Controlled Grid, Interconnection Customer shall operate the Small Generating Facility with its governor or equivalent controls in service and responsive to frequency. Interconnection Customer shall, in coordination with the CAISO, set the deadband parameter to: (1) a maximum of ±0.036 Hz and set the droop parameter to a maximum of 5 percent; or (2) implement the relevant droop and deadband settings from Applicable Reliability Standards that provides for equivalent or more stringent parameters.

Interconnection Customer shall be required to provide the status and settings of the governor or equivalent controls to the CAISO upon request. If Interconnection Customer needs to operate the Small Generating Facility with its governor or equivalent controls not in service, Interconnection Customer shall immediately notify the CAISO, and provide the following information: (1) the operating status of the governor or equivalent controls (i.e., whether it is currently out of service or when it will be taken out of service); (2) the reasons for removing the governor or equivalent controls from service; and (3) a reasonable estimate of when the governor or equivalent controls will be returned to service.

Interconnection Customer shall make Reasonable Efforts to return its governor or equivalent controls into service as soon as practicable. Interconnection Customer shall make Reasonable Efforts to keep outages of the Small Generating Facility’s governor or equivalent controls to a minimum whenever the Small Generating Facility is operated in parallel with the CAISO Controlled Grid.

1.8.3.2 Timely and Sustained Response. Interconnection Customer shall ensure that the Small Generating Facility’s real power response to sustained frequency deviations outside of the deadband setting is automatically provided and shall begin immediately after frequency deviates outside of the deadband, and to the extent the Small Generating Facility has operating capability in the direction needed to correct the frequency deviation. Interconnection Customer shall not California Independent System Operator Corporation
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block or otherwise inhibit the ability of the governor or equivalent controls to respond and shall ensure that the response is not inhibited, except under certain operational constraints including, but not limited to, ambient temperature limitations, physical energy limitations, outages of mechanical equipment, or regulatory requirements. The Small Generating Facility shall sustain the real power response at least until system frequency returns to a value within the deadband setting of the governor or equivalent controls. A FERC-approved Applicable Reliability Standard with equivalent or more stringent requirements shall supersede the above requirements.

1.8.3.3 Exemptions. Small Generating Facilities that are regulated by the Nuclear Regulatory Commission shall be exempt from Sections 1.8.3, 1.8.3.1, and 1.8.3.2 of this SGIA. Small Generating Facilities that are behind-the-meter generation that is sized-to-load (i.e., the thermal load and the generation are near-balanced in real-time operation and the generation is primarily controlled to maintain the unique thermal, chemical, or mechanical output necessary for the operating requirements of its host facility) shall be required to install primary frequency response capability in accordance with the droop and deadband capability requirements specified in Section 1.8.3, but shall be otherwise exempt from the operating requirements in Sections 1.8.3, 1.8.3.1, 1.8.3.2, and 1.8.3.4 of this SGIA.

1.8.3.4 Electric Storage Resources. Interconnection Customer interconnecting an electric storage resource shall establish an operating range in Attachment 5 of this SGIA that specifies a minimum state of charge and a maximum state of charge between which the electric storage resource will be required to provide primary frequency response consistent with the conditions set forth in Sections

1.8.3, 1.8.3.1, 1.8.3.2, and 1.8.3.3 of this SGIA. Attachment 5 shall specify whether the operating range is static or dynamic, and shall consider: (1) the expected magnitude of frequency deviations in the interconnection; (2) the expected duration that system frequency will remain outside of the deadband parameter in the interconnection; (3) the expected incidence of frequency deviations outside of the deadband parameter in the interconnection; (4) the physical capabilities of the electric storage resource; (5) operational limitations of the electric storage resource due to manufacturer specifications; and (6) any other relevant factors agreed to by the CAISO and Interconnection Customer, and in consultation with the relevant transmission owner or balancing authority as appropriate. If the operating range is dynamic, then Attachment 5 must establish how frequently the operating range will be reevaluated and the factors that may be considered during its reevaluation.

Interconnection Customer’s electric storage resource is required to provide timely and sustained primary frequency response consistent with Section 1.8.3.2 of this SGIA when it is online and dispatched to inject electricity to the CAISO Controlled Grid and/or receive electricity from the Participating TO’s Transmission System or the CAISO Controlled Grid. This excludes circumstances when the electric storage resource is not dispatched to inject electricity to the CAISO Controlled Grid and/or dispatched to receive electricity from the Participating TO’s Transmission System or the CAISO Controlled Grid.

If Interconnection Customer’s electric storage resource is charging at the time of a frequency deviation outside of its deadband parameter, it is to increase (for over-frequency deviations) or decrease (for under-frequency deviations) the rate at which it is charging in accordance with its droop parameter. Interconnection Customer’s electric storage resource is not required to change from charging to discharging, or vice versa, unless the response necessitated by the droop and deadband settings requires it to do so and it is technically capable of making California Independent System Operator Corporation
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such a transition.

1.9 Capitalized terms used herein shall have the meanings specified in the Glossary of Terms in Attachment 1 or the body of this Agreement.

1.10 TP Deliverability
To the extent that an Interconnection Customer is eligible for and has been allocated TP Deliverability pursuant to Section 8.9 of the GIDAP, the Interconnection Customer’s right to retain such allocated TP Deliverability shall be contingent upon satisfying the obligations set forth in Section 8.9.3 of the GIDAP.

Article 2. Inspection, Testing, Authorization, and Right of Access

2.1 Equipment Testing and Inspection

2.1.1 The Interconnection Customer shall test and inspect its Small Generating Facility and Interconnection Facilities prior to interconnection. The Interconnection Customer shall notify the Participating TO and the CAISO of such activities no fewer than five (5) Business Days (or as may be agreed to by the Parties) prior to such testing and inspection. Testing and inspection shall occur on a Business Day. The Participating TO and the CAISO may, at their own expense, send qualified personnel to the Small Generating Facility site to inspect the interconnection and observe the testing. The Interconnection Customer shall provide the Participating TO and the CAISO a written test report when such testing and inspection is completed.

2.1.2 The Participating TO and the CAISO shall provide the Interconnection Customer written acknowledgment that they have received the Interconnection Customer's written test report. Such written acknowledgment shall not be deemed to be or construed as any representation, assurance, guarantee, or warranty by the Participating TO or the CAISO of the safety, durability, suitability, or reliability of the Small Generating Facility or any associated control, protective, and safety devices owned or controlled by the Interconnection Customer or the quality of power produced by the Small Generating Facility.

2.2 Authorization Required Prior to Parallel Operation

2.2.1 The Participating TO and the CAISO shall use Reasonable Efforts to list applicable parallel operation requirements in Attachment 5 of this Agreement. Additionally, the Participating TO and the CAISO shall notify the Interconnection Customer of any changes to these requirements as soon as they are known. The Participating TO and the CAISO shall make Reasonable Efforts to cooperate with the Interconnection Customer in meeting requirements necessary for the Interconnection Customer to commence parallel operations by the in-service date.

2.2.2 The Interconnection Customer shall not operate its Small Generating Facility in parallel with the Participating TO’s Transmission System without prior written authorization of the Participating TO. The Participating TO will provide such authorization to the Interconnection Customer and the CAISO once the Participating TO receives notification that the Interconnection Customer has complied with all applicable parallel operation requirements. Such authorization shall not be unreasonably withheld, conditioned, or delayed.

2.3 Right of Access to Premises

2.3.1 Upon reasonable notice, the Participating TO and the CAISO may send a qualified California Independent System Operator Corporation
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person to the premises of the Interconnection Customer at or immediately before the time the Small Generating Facility first produces energy to inspect the interconnection, and observe the commissioning of the Small Generating Facility (including any required testing), startup, and operation for a period of up to three (3) Business Days after initial start-up of the unit. In addition, the Interconnection Customer shall notify the Participating TO and the CAISO at least five (5) Business Days prior to conducting any on-site verification testing of the Small Generating Facility.

2.3.2 Following the initial inspection process described above, at reasonable hours, and upon reasonable notice, or at any time without notice in the event of an emergency or hazardous condition, the Participating TO and the CAISO shall have access to the Interconnection Customer's premises for any reasonable purpose in connection with the performance of the obligations imposed on it by this Agreement or if necessary to meet its legal obligation to provide service to its customers.

2.3.3 Each Party shall be responsible for its own costs associated with following this article.

Article 3. Effective Date, Term, Termination, and Disconnection

3.1 Effective Date
This Agreement shall become effective upon execution by the Parties subject to acceptance by FERC (if applicable), or if filed unexecuted, upon the date specified by the FERC. The Participating TO and the CAISO shall promptly file this Agreement with the FERC upon execution, if required.

3.2 Term of Agreement
This Agreement shall become effective on the Effective Date and shall remain in effect for a period of ____ years from the Effective Date (term specified in individual agreements to be ten (10) years or such other longer period as the Interconnection Customer may request) and shall be automatically renewed for each successive one-year period thereafter, unless terminated earlier in accordance with Article 3.3 of this Agreement.

3.3 Termination
No termination shall become effective until the Parties have complied with all Applicable Laws and Regulations applicable to such termination, including the filing with FERC of a notice of termination of this Agreement (if required), which notice has been accepted for filing by FERC.

3.3.1 The Interconnection Customer may terminate this Agreement at any time by giving the Participating TO and the CAISO twenty (20) Business Days written notice.

3.3.2 Any Party may terminate this Agreement after Default pursuant to Article 7.6.

3.3.3 Upon termination of this Agreement, the Small Generating Facility will be disconnected from the CAISO Controlled Grid. All costs required to effectuate such disconnection shall be borne by the terminating Party, unless such termination resulted from the non- terminating Party’s Default of this Agreement or such non-terminating Party otherwise is responsible for these costs under this Agreement.

3.3.4 The termination of this Agreement shall not relieve any Party of its liabilities and obligations, owed or continuing at the time of termination.

3.3.5 The provisions of this article shall survive termination or expiration of this Agreement.

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3.4 Temporary Disconnection
Temporary disconnection of the Small Generating Facility or associated Interconnection Facilities shall continue only for so long as reasonably necessary under Good Utility Practice.

3.4.1 Emergency Conditions
“Emergency Condition” shall mean a condition or situation: (1) that in the judgment of the Party making the claim is imminently likely to endanger life or property; (2) that, in the case of the CAISO, is imminently likely (as determined in a non-discriminatory manner) to cause a material adverse effect on the security of, or damage to, the CAISO Controlled Grid or the electric systems of others to which the CAISO Controlled Grid is directly connected; (3) that, in the case of the Participating TO, is imminently likely (as determined in a non-discriminatory manner) to cause a material adverse effect on the security of, or damage to, the Participating TO’s Transmission System, the Participating TO's Interconnection Facilities, Distribution System, or the electric systems of others to which the Participating TO’s electric system is directly connected; or (4) that, in the case of the Interconnection Customer, is imminently likely (as determined in a non- discriminatory manner) to cause a material adverse effect on the security of, or damage to, the Small Generating Facility or the Interconnection Customer's Interconnection Facilities. Under Emergency Conditions, the CAISO or the Participating TO may immediately suspend interconnection service and temporarily disconnect the Small Generating Facility. The Participating TO or the CAISO shall notify the Interconnection Customer promptly when it becomes aware of an Emergency Condition that may reasonably be expected to affect the Interconnection Customer's operation of the Small Generating Facility or the Interconnection Customer’s Interconnection Facilities. The Interconnection Customer shall notify the Participating TO and the CAISO promptly when it becomes aware of an Emergency Condition that may reasonably be expected to affect the CAISO Controlled Grid, the Participating TO’s Interconnection Facilities, or any Affected Systems. To the extent information is known, the notification shall describe the Emergency Condition, the extent of the damage or deficiency, the expected effect on the operation of the Interconnection Customer’s or Participating TO’s facilities and operations, its anticipated duration, and the necessary corrective action.

3.4.2 Routine Maintenance, Construction, and Repair
The Participating TO or the CAISO may interrupt interconnection service or curtail the output of the Small Generating Facility and temporarily disconnect the Small Generating Facility from the CAISO Controlled Grid when necessary for routine maintenance, construction, and repairs on the CAISO Controlled Grid or the Participating TO’s electric system. The Party scheduling the interruption shall provide the Interconnection Customer with (5) five Business Days notice prior to such interruption. The Party scheduling the interruption shall use Reasonable Efforts to coordinate such reduction or temporary disconnection with the Interconnection Customer.

The Interconnection Customer shall update its planned maintenance schedules in accordance with the CAISO Tariff. The CAISO may request the Interconnection Customer to reschedule its maintenance as necessary to maintain the reliability of the CAISO Controlled Grid in accordance with the CAISO Tariff. Such planned maintenance schedules and updates and changes to such schedules shall be provided by the Interconnection Customer to the Participating TO concurrently with their submittal to the CAISO.

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3.4.3 Forced Outages
During any forced outage, the Participating TO or the CAISO may suspend interconnection service to effect immediate repairs on the CAISO Controlled Grid or the Participating TO’s electric system. The Participating TO or the CAISO shall use Reasonable Efforts to provide the Interconnection Customer with prior notice. If prior notice is not given, the Participating TO or the CAISO shall, upon request, provide the Interconnection Customer written documentation after the fact explaining the circumstances of the disconnection. The Interconnection Customer shall notify CAISO, as soon as practicable, of all forced outages or reductions of the Small Generating Facility in accordance with the CAISO Tariff.

3.4.4 Adverse Operating Effects
The Participating TO or the CAISO shall notify the Interconnection Customer as soon as practicable if, based on Good Utility Practice, operation of the Small Generating Facility may cause disruption or deterioration of service to other customers served from the same electric system, or if operating the Small Generating Facility could cause damage to the CAISO Controlled Grid, the Participating TO's Transmission System or Affected Systems.

Supporting documentation used to reach the decision to disconnect shall be provided to the Interconnection Customer upon request. If, after notice, the Interconnection Customer fails to remedy the adverse operating effect within a reasonable time, the Participating TO or the CAISO may disconnect the Small Generating Facility. The Participating TO or the CAISO shall provide the Interconnection Customer with (5) five Business Day notice of such disconnection, unless the provisions of Article 3.4.1 apply.

3.4.5 Modification of the Small Generating Facility
Prior to making any modifications to the Small Generating Facility before it has achieved its Commercial Operation Date, the Interconnection Customer must first request that the CAISO evaluate whether such modification is a Material Modification and receive written authorization from the Participating TO and the CAISO. Such authorization shall not be unreasonably withheld. Modifications shall be done in accordance with Good Utility Practice. The CAISO may engage the services of the applicable Participating TO to assess the modification. Costs incurred by the Participating TO and CAISO (if any) shall be borne by the party making the request under Section 6.7.2 of Appendix DD, and such costs shall be included in any CAISO invoice for modification assessment activities. If the Interconnection Customer has achieved its Commercial Operation Date, the CAISO and Participating TO(s) will review the requested modification pursuant to Sections 25 and 25.1(c) of the CAISO Tariff. If the Interconnection Customer makes modifications without the Participating TO's and the CAISO’s prior written authorization, the Participating TO or the CAISO shall have the right to temporarily disconnect the Small Generating Facility. Any change to the Point of Interconnection, except those deemed acceptable under this article of the GIDAP SGIA or so allowed elsewhere, shall constitute a Material Modification. The Interconnection Customer may then withdraw the proposed modification or proceed with a new Interconnection Request for such modification.

Notwithstanding Section 7.5 of Appendix DD, at any time after achieving its Commercial Operation Date, the Interconnection Customer may reduce the megawatt generating capacities of its Generating Facilities, subject to Section 25.1(c) of the CAISO Tariff.

Section 7.5.11 of Appendix DD will still apply to such requests to reduce capacity.

3.4.6 Reconnection
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The Parties shall cooperate with each other to restore the Small Generating Facility, Interconnection Facilities, the Participating TO’s electric system, and the CAISO Controlled Grid to their normal operating state as soon as reasonably practicable following a temporary disconnection.

Article 4. Costs for Interconnection Facilities, and Distribution Upgrades

4.1 Interconnection Facilities

4.1.1 The Interconnection Customer shall pay for the cost of the Interconnection Facilities itemized in Attachment 2 of this Agreement. The Participating TO shall provide a best estimate cost, including overheads, for the purchase and construction of its Interconnection Facilities and provide a detailed itemization of such costs. Costs associated with Interconnection Facilities may be shared with other entities that may benefit from such facilities by agreement of the Interconnection Customer, such other entities, the CAISO, and the Participating TO.

4.1.2 The Interconnection Customer shall be responsible for its share of all reasonable expenses, including overheads, associated with (1) owning, operating, maintaining, repairing, and replacing its own Interconnection Facilities, and (2) operating, maintaining, repairing, and replacing the Participating TO's Interconnection Facilities.

4.2 Distribution Upgrades
The Participating TO shall design, procure, construct, install, and own the Distribution Upgrades described in Attachment 6 of this Agreement. If the Participating TO and the Interconnection Customer agree, the Interconnection Customer may construct Distribution Upgrades that are located on land owned by the Interconnection Customer. The actual cost of the Distribution Upgrades, including overheads, shall be directly assigned to the Interconnection Customer.

Article 5. Cost Responsibility For Network Upgrades

5.1 Applicability

No portion of this Article 5 shall apply unless the interconnection of the Small Generating Facility requires Network Upgrades.

5.2 Network Upgrades

The Participating TO shall design, procure, construct, install, and own the Network Upgrades described in Attachment 6 of this Agreement, except for Merchant Network Upgrades. If the Participating TO and the Interconnection Customer agree, the Interconnection Customer may construct Network Upgrades that are located on land owned by the Interconnection Customer.

The actual cost of the Network Upgrades, including overheads, shall be borne initially by the Interconnection Customer. For costs associated with Area Delivery Network Upgrades and Area Off-Peak Network Upgrades, any cost estimates will be advisory in nature and will not be considered as definitive or as establishing a cap on the Maximum Cost Exposure of the Interconnection Customer.

5.2.1 Merchant Network Upgrades

If the Interconnection Customer is an Option (B) Interconnection Customer, the Interconnection Customer may elect to have a party other than the applicable California Independent System Operator Corporation
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Participating TO construct some or all of the LDNU and ADNU that the Interconnection Customer has the obligation to fund and that are not subject to reimbursement. Such LDNU and ADNU will be constructed and incorporated into the CAISO Controlled Grid pursuant to the provisions for Merchant Transmission Facilities in CAISO Tariff Sections

24.4.6.1 and 36.11.

5.3 Transmission Credits

No later than thirty (30) calendar days prior to the Commercial Operation Date, the Interconnection Customer may make a one-time election by written notice to the CAISO and the Participating TO to (a) receive Congestion Revenue Rights as defined in and as available under the CAISO Tariff at the time of the election in accordance with the CAISO Tariff, in lieu of a repayment of the cost of Network Upgrades in accordance with Article 5.3.1, and/or (b) decline all or a part of a refund of the cost of Network Upgrades entitled to the Interconnection Customer in accordance with Article 5.3.1.

5.3.1 Repayment of Amounts Advanced for Network Upgrades

5.3.1.1 Repayment of Amounts Advanced Regarding Non-Phased Generating Facilities

An Interconnection Customer with a non-Phased Generating Facility in Queue Cluster 5 or earlier, or an Interconnection Customer in the Independent Study Process or the Fast Track Process that has been tendered a Generator Interconnection Agreement before December 19, 2014, shall be entitled to a repayment for the Interconnection Customer’s contribution to the cost of Network Upgrades commencing upon the Commercial Operation Date of its Generating Facility.

An Interconnection Customer with a non-Phased Generating Facility in Queue Cluster 6 or later, or an Interconnection Customer in the Independent Study Process or the Fast Track Process that has not been tendered an Interconnection Agreement before December 19, 2014, shall be entitled to repayment for the Interconnection Customer’s contribution to the cost of Network Upgrades placed in service on or before the Commercial Operation Date of its Small Generating Facility, commencing upon the Commercial Operation Date of the Small Generating Facility. Repayment for the Interconnection Customer’s contribution to the cost of Network Upgrades placed into service after the Commercial Operation Date of its Small Generating Facility shall, for each of these Network Upgrades, commence no later than the later of: (i) the first month of the calendar year following the year in which the Network Upgrade is placed into service or (ii) 90 days after the Network Upgrade is placed into service.

An Interconnection Customer subject to this Article 5.3.1.1 shall be entitled to repayment for its contribution to the cost of Network Upgrades as follows:

(a) For Reliability Network Upgrades, the Interconnection Customer shall be entitled to a repayment of the amount paid by the Interconnection Customer for Reliability Network Upgrades up to a maximum amount established in Section 14.3.2.1 of the GIDAP. For purposes of this determination, generating capacity will be based on the capacity of the Interconnection Customer’s Generating Facility at the time it achieves Commercial Operation. To the extent that such repayment does not cover all of the costs of the Interconnection Customer’s Reliability Network Upgrades, the Interconnection Customer shall receive Merchant California Independent System Operator Corporation
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Transmission CRRs for that portion of its Reliability Network Upgrades that are not covered by cash repayment.

(b) For Local Delivery Network Upgrades:

i. If the Interconnection Customer is an Option (B) Interconnection Customer and has been allocated and continues to be eligible to receive TP Deliverability pursuant to the GIDAP, the
Interconnection Customer shall be entitled to repayment of a portion of the total amount paid to the Participating TO for the cost of Local Delivery Network Upgrades for which it is responsible. The repayment amount shall be determined by dividing the amount of TP Deliverability received by the amount of deliverability requested by the Interconnection Customer, and multiplying that percentage by the total amount paid to the Participating TO by the Interconnection Customer for Local Delivery Network Upgrades.

ii. If the Interconnection Customer is an Option (B) Interconnection Customer and has not been allocated any TP Deliverability, the Interconnection Customer shall not be entitled to repayment for the cost of Local Delivery Network Upgrades.

iii. If the Interconnection Customer is an Option (A) Interconnection Customer, the Interconnection Customer shall be entitled to a repayment equal to the total amount paid to the Participating TO for the costs of Local Delivery Network Upgrades for which it is responsible.

(c) For Area Delivery Network Upgrades, the Interconnection Customer shall not be entitled to repayment for the costs of Area Delivery Network Upgrades.

(d) If an Option (B) Interconnection Customer elects and is eligible to construct and own Merchant Network Upgrades as set forth in Article

5.2.1 of this SGIA, then the Interconnection Customer shall not be entitled to any repayment pursuant to this SGIA.

Unless an Interconnection Customer has provided written notice to the CAISO that it is declining all or part of such repayment, such amounts shall include any tax gross-up or other tax-related payments associated with Network Upgrades not refunded to the Interconnection Customer, and shall be paid to the Interconnection Customer by the Participating TO on a dollar-for-dollar basis either through (1) direct payments made on a levelized basis over the five-year period commencing on the applicable date as provided for in this Article 5.3.1.1; or (2) any alternative payment schedule that is mutually agreeable to the Interconnection Customer and Participating TO, provided that such amount is paid within five (5) years of the applicable commencement date. Notwithstanding the foregoing, if this Agreement terminates within five (5) years of the applicable commencement date, the Participating TO’s obligation to pay refunds to the Interconnection Customer shall cease as of the date of termination.

(e) Where the Interconnection Customer finances the construction of Network Upgrades for more than one Participating TO, the cost California Independent System Operator Corporation
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allocation, Interconnection Financial Security, and repayment will be conducted pursuant to Section 14.4.1 of the GIDAP, and set forth in this SGIA,

(f) For Local Off-Peak Network Upgrades, the Interconnection Customer will be entitled to a repayment equal to the total amount paid to the Participating TO for the costs of Local Delivery Network Upgrades for which it is responsible.

5.3.1.2 Repayment of Amounts Advanced Regarding Phased Generating Facilities

Upon the Commercial Operation Date of each phase of a Phased Generating Facility, the Interconnection Customer shall be entitled to a repayment equal to the amount paid to the Participating TO for the cost of Network Upgrades for that completed phase for which the Interconnection Customer is responsible, subject to the limitations specified in Article 5.3.1.1, if the following conditions are satisfied as described below:

(a) The Small Generating Facility is capable of being constructed in phases;

(b) The Small Generating Facility is specified in the SGIA as being constructed in phases;

(c) The completed phase corresponds to one of the phases specified in the SGIA;

(d) The Interconnection Customer has tendered notice pursuant to the SGIA that the phase has achieved Commercial Operation;

(e) All parties to the SGIA have agreed that the completed phase meets the requirements set forth in the SGIA and any other operating, metering, and interconnection requirements to permit generation output of the entire capacity of the completed phase as specified in the SGIA;

(f) The Network Upgrades necessary for the completed phase to meet the desired level of deliverability are in service; and

(g) The Interconnection Customer has posted one hundred (100) percent of the Interconnection Financial Security required for the Network Upgrades for all the phases of the Small Generating Facility.

Following satisfaction of these conditions (a) through (g), an Interconnection Customer in a Queue Cluster earlier than Queue Cluster 5, or an Interconnection Customer in the Independent Study Process or the Fast Track Process that has been tendered a Generator Interconnection Agreement before December 19, 2014, shall be entitled to receive a partial repayment of its financed cost responsibility, to the extent that it is otherwise eligible for such repayment pursuant to Article 5.3.1.1, in an amount equal to the percentage of the Small Generating Facility declared to be in Commercial Operation multiplied by the cost of the Network Upgrades associated with the completed phase. The Interconnection Customer shall be entitled to repayment in this manner for each completed phase until the entire Small Generating Facility is completed.

Following satisfaction of these conditions (a) through (e) and (g), an Interconnection Customer in Queue Cluster 6 or a later Queue Cluster, or an California Independent System Operator Corporation
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Interconnection Customer in the Independent Study Process or the Fast Track Process that has not been tendered a Generator Interconnection Agreement before December 19, 2014, shall be entitled to receive a repayment of its financed cost responsibility for the Network Upgrades associated with the completed phase that have been placed in service. The Interconnection Customer shall be entitled to repayment in this manner for each completed phase until the entire Small Generating Facility is completed. With respect to any Network Upgrades necessary for a completed phase to meet its desired level of deliverability that are not in service by the time the phase achieves Commercial Operation, repayment for each such Network Upgrade will commence no later than the later of: (i) the first month of the calendar year following the year in which the Network Upgrade is placed into service or (ii) 90 days after the Network Upgrade is placed into service.

If the SGIA includes a partial termination provision and the partial termination right has been exercised with regard to a phase that has not been built, then the Interconnection Customer’s eligibility for repayment under this Article 5.3.1.2 as to the remaining phases shall not be diminished. If the Interconnection Customer completes one or more phases and then defaults on the SGIA, the Participating TO and the CAISO shall be entitled to offset any losses or damages resulting from the default against any repayments made for Network Upgrades related to the completed phases, provided that the Party seeking to exercise the offset has complied with any requirements which may be required to apply the stream of payments utilized to make the repayment to the Interconnection Customer as an offset.

Any repayment amount provided pursuant to this Article 5.3.1.2 shall include any tax gross-up or other tax-related payments associated with Network Upgrades not refunded to the Interconnection Customer, and shall be paid to the Interconnection Customer by the Participating TO on a dollar-for-dollar basis either through (1) direct payments made on a levelized basis over the five-year period commencing on the applicable date as provided for in this Article 5.3.1.2; or (2) any alternative payment schedule that is mutually agreeable to the Interconnection Customer and Participating TO, provided that such amount is paid within five (5) years of the applicable commencement date. Notwithstanding the foregoing, if this Agreement terminates within five (5) years of the applicable commencement date, the Participating TO’s obligation to pay refunds to the Interconnection Customer shall cease as of the date of termination.

5.3.1.3 Interest Payments and Assignment Rights

Any repayment shall include interest calculated in accordance with the methodology set forth in FERC’s regulations at 18 C.F.R. §35.19a(a)(2)(iii) from the date of any payment for Network Upgrades through the date on which the Interconnection Customer receives a repayment of such payment. Interest shall continue to accrue on the repayment obligation so long as this Agreement is in effect. The Interconnection Customer may assign such repayment rights to any person.

5.3.1.4 Failure to Achieve Commercial Operation

If the Small Generating Facility fails to achieve commercial operation, but it or another generating facility is later constructed and makes use of the Network Upgrades, the Participating TO shall at that time reimburse Interconnection Customer for the amounts advanced for the Network Upgrades. Before any such reimbursement can occur, the Interconnection Customer, or the entity that California Independent System Operator Corporation
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ultimately constructs the generating facility, if different, is responsible for identifying the entity to which reimbursement must be made.

5.3.2 Special Provisions for Affected Systems

The Interconnection Customer shall enter into an agreement with the owner of the Affected System and/or other affected owners of portions of the CAISO Controlled Grid, as applicable, in accordance with the GIDAP. Such agreement shall specify the terms governing payments to be made by the Interconnection Customer to the owner of the Affected System and/or other affected owners of portions of the CAISO Controlled Grid.

In no event shall the Participating TO be responsible for the repayment for any facilities that are not part of the Participating TO’s Transmission System.

5.3.3 Rights Under Other Agreements

Notwithstanding any other provision of this Agreement, nothing herein shall be construed as relinquishing or foreclosing any rights, including but not limited to firm transmission rights, capacity rights, transmission congestion rights, or transmission credits, that the Interconnection Customer shall be entitled to, now or in the future, under any other agreement or tariff as a result of, or otherwise associated with, the transmission capacity, if any, created by the Network Upgrades, including the right to obtain cash reimbursements or transmission credits for transmission service that is not associated with the Small Generating Facility.

5.3.4 Compensation for Customer-Funded Upgrades Utilized by Subsequent Interconnection Customers.

If the Interconnection Customer funds Network Upgrades for which it is not eligible for repayment, the Interconnection Customer will be entitled to direct compensation by any Interconnection Customers in later Queue Clusters that utilize such Network Upgrades.

Such compensation will be determined based on the distribution flow factors of the Generating Facilities that will be using the Network Upgrades.

Article 6. Billing, Payment, Milestones, and Financial Security

6.1 Billing and Payment Procedures and Final Accounting

6.1.1 The Participating TO shall bill the Interconnection Customer for the design, engineering, construction, and procurement costs of Interconnection Facilities and Upgrades contemplated by this Agreement on a monthly basis, or as otherwise agreed by the Parties. The Interconnection Customer shall pay each bill within thirty (30) calendar days of receipt, or as otherwise agreed to by the Parties. Notwithstanding the foregoing, any invoices between the CAISO and another Party shall be submitted and paid in accordance with the CAISO Tariff.

6.1.2 Within six (6) months of completing the construction and installation of the Participating TO’s Interconnection Facilities and/or Upgrades described in the Attachments to this Agreement, the Participating TO shall provide the Interconnection Customer with a final accounting report of any difference between (1) the Interconnection Customer's cost responsibility for the actual cost of such facilities or Upgrades, and (2) the Interconnection Customer's previous aggregate payments to the Participating TO for such facilities or Upgrades. If the Interconnection Customer's cost responsibility exceeds its previous aggregate payments, the Participating TO shall invoice the Interconnection Customer for the amount due and the Interconnection Customer shall make payment to the Participating TO within thirty (30) calendar days. If the Interconnection Customer's previous aggregate payments exceed its cost responsibility under this Agreement, the California Independent System Operator Corporation
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Participating TO shall refund to the Interconnection Customer an amount equal to the difference within thirty (30) calendar days of the final accounting report.

6.2 Milestones
The Parties shall agree on milestones for which each Party is responsible and list them in Attachment 4 of this Agreement. A Party's obligations under this provision may be extended by agreement. If a Party anticipates that it will be unable to meet a milestone for any reason other than a Force Majeure Event, as defined in Article 7.5.1, it shall immediately notify the other Parties of the reason(s) for not meeting the milestone and (1) propose the earliest reasonable alternate date by which it can attain this and future milestones, and (2) request appropriate amendments to Attachment 4. The Parties affected by the failure to meet a milestone shall not unreasonably withhold agreement to such an amendment unless (1) they will suffer significant uncompensated economic or operational harm from the delay, (2) attainment of the same milestone has previously been delayed, or (3) they have reason to believe that the delay in meeting the milestone is intentional or unwarranted notwithstanding the circumstances explained by the Party proposing the amendment.

6.3 Interconnection Financial Security Arrangements for Small Generating Facilities Processed Under the Fast Track Process or Small Generating Facilities Processed under SGIP

The terms and conditions of this Article 6.3 shall apply only to Small Generating Facilities that are no larger than 5 MW that are processed under the Fast Track Process under the GIDAP, CAISO Tariff Appendix DD.

In such case, the terms of Article 6.4 below do not apply to this Agreement.

For easy reference, the Parties shall check the Box below when this Article 6.3 applies:
[ ] THIS ARTICLE 6.3 APPLIES

6.3.1 At least twenty (20) Business Days prior to the commencement of the design, procurement, installation, or construction of a discrete portion of the Participating TO's Interconnection Facilities and Upgrades, the Interconnection Customer shall provide the Participating TO, at the Interconnection Customer's option, a guarantee, a surety bond, letter of credit or other form of security that is reasonably acceptable to the Participating TO and is consistent with the Uniform Commercial Code of the jurisdiction where the Point of Interconnection is located. Such security for payment shall be in an amount sufficient to cover the costs for constructing, designing, procuring, and installing the applicable portion of the Participating TO's Interconnection Facilities and Upgrades and shall be reduced on a dollar-for-dollar basis for payments made to the Participating TO under this Agreement during its term.

6.3.2 If a guarantee is provided, the guarantee must be made by an entity that meets the creditworthiness requirements of the Participating TO, and contain terms and conditions that guarantee payment of any amount that may be due from the Interconnection Customer, up to an agreed-to maximum amount.

6.3.3 If a letter of credit or surety bond is provided, the letter of credit or surety bond must be issued by a financial institution or insurer reasonably acceptable to the Participating TO and must specify a reasonable expiration date.

6.4 Interconnection Financial Security Arrangements for All Other Small Generating Facilities California Independent System Operator Corporation
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The terms of this Article 6.4 apply to Small Generating Facilities that have been processed under either the Cluster Study Process or the Independent Study Track Process of the GIDAP set forth in CAISO Tariff Appendix DD. In such case, the provisions of Article 6.3 do not apply to this Agreement.

In such case, the terms of Article 6.3 above do not apply to this Agreement.

For easy reference, the Parties shall check the Box below when this Article 6.4 applies:
[ ] THIS ARTICLE 6.4 APPLIES

6.4.1 The Interconnection Customer is obligated to provide all necessary Interconnection Financial Security required under Section 11 of the GIDAP in a manner acceptable under Section 11 of the GIDAP. Failure by the Interconnection Customer to timely satisfy the GIDAP’s requirements for the provision of Interconnection Financial Security shall be deemed a breach of this Agreement and a condition of Default of this Agreement.

6.4.2 Notwithstanding any other provision in this Agreement for notice of Default and opportunity to cure such Default, the CAISO or the Participating TO shall provide Interconnection Customer with written notice of any Default due to timely failure to post Interconnection Financial Security, and the Interconnection Customer shall have five (5) Business Days from the date of such notice to cure such Default by posting the required Interconnection Financial Security. If the Interconnection Customer fails to cure the Default, then this Agreement shall be deemed terminated.

Article 7. Assignment, Liability, Indemnity, Force Majeure, and Default

7.1 Assignment
This Agreement may be assigned by any Party upon fifteen (15) Business Days prior written notice and opportunity to object by the other Parties; provided that:

7.1.1 Any Party may assign this Agreement without the consent of the other Parties to any affiliate of the assigning Party with an equal or greater credit rating and with the legal authority and operational ability to satisfy the obligations of the assigning Party under this Agreement, provided that the Interconnection Customer promptly notifies the Participating TO and the CAISO of any such assignment;

7.1.2 The Interconnection Customer shall have the right to assign this Agreement, without the consent of the Participating TO or the CAISO, for collateral security purposes to aid in providing financing for the Small Generating Facility, provided that the Interconnection Customer will promptly notify the Participating TO and the CAISO of any such assignment.

7.1.3 Any attempted assignment that violates this article is void and ineffective. Assignment shall not relieve a Party of its obligations, nor shall a Party's obligations be enlarged, in whole or in part, by reason thereof. An assignee is responsible for meeting the same financial, credit, and insurance obligations as the Interconnection Customer. Where required, consent to assignment will not be unreasonably withheld, conditioned or delayed.

7.2 Limitation of Liability
Each Party's liability to the other Parties for any loss, cost, claim, injury, liability, or expense, including reasonable attorney's fees, relating to or arising from any act or omission in its California Independent System Operator Corporation
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performance of this Agreement, shall be limited to the amount of direct damage actually incurred.

In no event shall any Party be liable to the other Parties for any indirect, special, consequential, or punitive damages, except as authorized by this Agreement.

7.3 Indemnity

7.3.1 This provision protects each Party from liability incurred to third parties as a result of carrying out the provisions of this Agreement. Liability under this provision is exempt from the general limitations on liability found in Article 7.2.

7.3.2 The Parties shall at all times indemnify, defend, and hold the other Parties harmless from, any and all damages, losses, claims, including claims and actions relating to injury to or death of any person or damage to property, demand, suits, recoveries, costs and expenses, court costs, attorney fees, and all other obligations by or to third parties, arising out of or resulting from another Party's action or failure to meet its obligations under this Agreement on behalf of the indemnifying Party, except in cases of gross negligence or intentional wrongdoing by the indemnified Party.

7.3.3 If an indemnified Party is entitled to indemnification under this article as a result of a claim by a third party, and the indemnifying Party fails, after notice and reasonable opportunity to proceed under this article, to assume the defense of such claim, such indemnified Party may at the expense of the indemnifying Party contest, settle or consent to the entry of any judgment with respect to, or pay in full, such claim.

7.3.4 If an indemnifying Party is obligated to indemnify and hold any indemnified Party harmless under this article, the amount owing to the indemnified Party shall be the amount of such indemnified Party’s actual loss, net of any insurance or other recovery.

7.3.5 Promptly after receipt by an indemnified Party of any claim or notice of the commencement of any action or administrative or legal proceeding or investigation as to which the indemnity provided for in this article may apply, the indemnified Party shall notify the indemnifying Party of such fact. Any failure of or delay in such notification shall not affect a Party's indemnification obligation unless such failure or delay is materially prejudicial to the indemnifying Party.

7.4 Consequential Damages
Other than as expressly provided for in this Agreement, no Party shall be liable under any provision of this Agreement for any losses, damages, costs or expenses for any special, indirect, incidental, consequential, or punitive damages, including but not limited to loss of profit or revenue, loss of the use of equipment, cost of capital, cost of temporary equipment or services, whether based in whole or in part in contract, in tort, including negligence, strict liability, or any other theory of liability; provided, however, that damages for which a Party may be liable to another Party under another agreement will not be considered to be special, indirect, incidental, or consequential damages hereunder.

7.5 Force Majeure

7.5.1 As used in this article, a Force Majeure Event shall mean "any act of God, labor disturbance, act of the public enemy, war, insurrection, riot, fire, storm or flood, explosion, breakage or accident to machinery or equipment, any order, regulation or restriction imposed by governmental, military or lawfully established civilian authorities, or any other cause beyond a Party’s control. A Force Majeure Event does not include an act of negligence or intentional wrongdoing by the Party claiming Force Majeure."

7.5.2 If a Force Majeure Event prevents a Party from fulfilling any obligations under this California Independent System Operator Corporation
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Agreement, the Party affected by the Force Majeure Event (Affected Party) shall promptly notify the other Parties, either in writing or via the telephone, of the existence of the Force Majeure Event. The notification must specify in reasonable detail the circumstances of the Force Majeure Event, its expected duration, and the steps that the Affected Party is taking to mitigate the effects of the event on its performance. The Affected Party shall keep the other Parties informed on a continuing basis of developments relating to the Force Majeure Event until the event ends. The Affected Party will be entitled to suspend or modify its performance of obligations under this Agreement (other than the obligation to make payments) only to the extent that the effect of the Force Majeure Event cannot be mitigated by the use of Reasonable Efforts. The Affected Party will use Reasonable Efforts to resume its performance as soon as possible.

7.6 Default

7.6.1 No Default shall exist where such failure to discharge an obligation (other than the payment of money) is the result of a Force Majeure Event as defined in this Agreement or the result of an act or omission of another Party. Upon a Default, the affected non- defaulting Party(ies) shall give written notice of such Default to the defaulting Party.

Except as provided in Article 7.6.2 and in Article 6.4.2, the defaulting Party shall have sixty (60) calendar days from receipt of the Default notice within which to cure such Default; provided however, if such Default is not capable of cure within 60 calendar days, the defaulting Party shall commence such cure within 20 calendar days after notice and continuously and diligently complete such cure within six months from receipt of the Default notice; and, if cured within such time, the Default specified in such notice shall cease to exist.

7.6.2 If a Default is not cured as provided in this article, or if a Default is not capable of being cured within the period provided for herein, the affected non-defaulting Party(ies) shall have the right to terminate this Agreement by written notice at any time until cure occurs, and be relieved of any further obligation hereunder and, whether or not such Party(ies) terminates this Agreement, to recover from the defaulting Party all amounts due hereunder, plus all other damages and remedies to which it is entitled at law or in equity. The provisions of this article will survive termination of this Agreement.

Article 8. Insurance

8.1 The Interconnection Customer shall, at its own expense, maintain in force general liability insurance without any exclusion for liabilities related to the interconnection undertaken pursuant to this Agreement. The amount of such insurance shall be sufficient to insure against all reasonably foreseeable direct liabilities given the size and nature of the generating equipment being interconnected, the interconnection itself, and the characteristics of the system to which the interconnection is made. The Interconnection Customer shall obtain additional insurance only if necessary as a function of owning and operating a generating facility. Such insurance shall be obtained from an insurance provider authorized to do business in the State where the interconnection is located. Certification that such insurance is in effect shall be provided upon request of the Participating TO or CAISO, except that the Interconnection Customer shall show proof of insurance to the Participating TO and CAISO no later than ten Business Days prior to the anticipated Commercial Operation Date. If the Interconnection Customer is of sufficient credit- worthiness, it may propose to self-insure for such liabilities, and such a proposal shall not be unreasonably rejected.

8.2 The Participating TO agrees to maintain general liability insurance or self-insurance consistent with the Participating TO’s commercial practice. Such insurance or self-insurance shall not exclude coverage for the Participating TO's liabilities undertaken pursuant to this Agreement.

8.3 The CAISO agrees to maintain general liability insurance or self-insurance consistent with the California Independent System Operator Corporation
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CAISO’s commercial practice. Such insurance shall not exclude coverage for the CAISO’s liabilities undertaken pursuant to this Agreement.

8.4 The Parties further agree to notify each other whenever an accident or incident occurs resulting in any injuries or damages that are included within the scope of coverage of such insurance, whether or not such coverage is sought.

Article 9. Confidentiality

9.1 Confidential Information shall mean any confidential and/or proprietary information provided by one Party to another Party that is clearly marked or otherwise designated "Confidential." For purposes of this Agreement all design, operating specifications, and metering data provided by the Interconnection Customer shall be deemed Confidential Information regardless of whether it is clearly marked or otherwise designated as such.

9.2 Confidential Information does not include information previously in the public domain, required to be publicly submitted or divulged by Governmental Authorities (after notice to the other Parties and after exhausting any opportunity to oppose such publication or release), or necessary to be divulged in an action to enforce this Agreement. Each Party receiving Confidential Information shall hold such information in confidence and shall not disclose it to any third party nor to the public without the prior written authorization from the Party providing that information, except to fulfill obligations under this Agreement, or to fulfill legal or regulatory requirements.

9.2.1 Each Party shall employ at least the same standard of care to protect Confidential Information obtained from the other Parties as it employs to protect its own Confidential Information.

9.2.2 Each Party is entitled to equitable relief, by injunction or otherwise, to enforce its rights under this provision to prevent the release of Confidential Information without bond or proof of damages, and may seek other remedies available at law or in equity for breach of this provision.

9.3 Notwithstanding anything in this article to the contrary, and pursuant to 18 CFR § 1b.20, if FERC, during the course of an investigation or otherwise, requests information from one of the Parties that is otherwise required to be maintained in confidence pursuant to this Agreement, the Party shall provide the requested information to FERC, within the time provided for in the request for information. In providing the information to FERC, the Party may, consistent with 18 CFR § 388.112, request that the information be treated as confidential and non-public by FERC and that the information be withheld from public disclosure. Parties are prohibited from notifying the other Parties to this Agreement prior to the release of the Confidential Information to FERC. The Party shall notify the other Parties to this Agreement when it is notified by FERC that a request to release Confidential Information has been received by FERC, at which time any of the Parties may respond before such information would be made public, pursuant to 18 CFR § 388.112.

Requests from a state regulatory body conducting a confidential investigation shall be treated in a similar manner if consistent with the applicable state rules and regulations.

Article 10. Disputes
All disputes arising out of or in connection with this Agreement whereby relief is sought by or from CAISO shall be settled in accordance with the provisions of Article 13 of the CAISO Tariff, except that references to the CAISO Tariff in such Article 13 of the CAISO Tariff shall be read as reference to this Agreement.

Disputes arising out of or in connection with this Agreement not subject to provisions of Article 13 of the CAISO Tariff shall be resolved as follows:

10.1 The Parties agree to attempt to resolve all disputes arising out of the interconnection process according to the provisions of this article.

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10.2 In the event of a dispute, either Party shall provide the other Party with a written Notice of Dispute. Such Notice shall describe in detail the nature of the dispute.

10.3 If the dispute has not been resolved within two Business Days after receipt of the Notice, either Party may contact FERC’s Dispute Resolution Service (DRS) for assistance in resolving the dispute.

10.4 The DRS will assist the Parties in either resolving their dispute or in selecting an appropriate dispute resolution venue (e.g., mediation, settlement judge, early neutral evaluation, or technical expert) to assist the Parties in resolving their dispute. DRS can be reached at 1-877-337-2237 or via the internet at http://www.ferc.gov/legal/adr.asp.

10.5 Each Party agrees to conduct all negotiations in good faith and will be responsible for one-half of any costs paid to neutral third-parties.

10.6 If neither Party elects to seek assistance from the DRS, or if the attempted dispute resolution fails, then either Party may exercise whatever rights and remedies it may have in equity or law consistent with the terms of this Agreement.

Article 11. Taxes

11.1 The Parties agree to follow all applicable tax laws and regulations, consistent with FERC policy and Internal Revenue Service requirements.

11.2 Each Party shall cooperate with the other Parties to maintain the other Parties’ tax status.

Nothing in this Agreement is intended to adversely affect the Participating TO's tax exempt status with respect to the issuance of bonds including, but not limited to, local furnishing bonds.

Article 12. Miscellaneous

12.1 Governing Law, Regulatory Authority, and Rules
The validity, interpretation and enforcement of this Agreement and each of its provisions shall be governed by the laws of the state of (where the Point of Interconnection is located), without regard to its conflicts of law principles. This Agreement is subject to all Applicable Laws and Regulations. Each Party expressly reserves the right to seek changes in, appeal, or otherwise contest any laws, orders, or regulations of a Governmental Authority.

12.2 Amendment
The Parties may amend this Agreement by a written instrument duly executed by all of the Parties, or under Article 12.12 of this Agreement.

12.3 No Third-Party Beneficiaries
This Agreement is not intended to and does not create rights, remedies, or benefits of any character whatsoever in favor of any persons, corporations, associations, or entities other than the Parties, and the obligations herein assumed are solely for the use and benefit of the Parties, their successors in interest and where permitted, their assigns.

12.4 Waiver

12.4.1 The failure of a Party to this Agreement to insist, on any occasion, upon strict performance of any provision of this Agreement will not be considered a waiver of any obligation, right, or duty of, or imposed upon, such Party.

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12.4.2 Any waiver at any time by any Party of its rights with respect to this Agreement shall not be deemed a continuing waiver or a waiver with respect to any other failure to comply with any other obligation, right, duty of this Agreement. Termination or Default of this Agreement for any reason by Interconnection Customer shall not constitute a waiver of the Interconnection Customer's legal rights to obtain an interconnection from the Participating TO. Any waiver of this Agreement shall, if requested, be provided in writing.

12.5 Entire Agreement
This Agreement, including all Attachments, constitutes the entire agreement among the Parties with reference to the subject matter hereof, and supersedes all prior and contemporaneous understandings or agreements, oral or written, between or among the Parties with respect to the subject matter of this Agreement. There are no other agreements, representations, warranties, or covenants which constitute any part of the consideration for, or any condition to, any Party's compliance with its obligations under this Agreement.

12.6 Multiple Counterparts
This Agreement may be executed in two or more counterparts, each of which is deemed an original but all constitute one and the same instrument.

12.7 No Partnership
This Agreement shall not be interpreted or construed to create an association, joint venture, agency relationship, or partnership among the Parties or to impose any partnership obligation or partnership liability upon any Party. No Party shall have any right, power or authority to enter into any agreement or undertaking for, or act on behalf of, or to act as or be an agent or representative of, or to otherwise bind, another Party.

12.8 Severability
If any provision or portion of this Agreement shall for any reason be held or adjudged to be invalid or illegal or unenforceable by any court of competent jurisdiction or other Governmental Authority, (1) such portion or provision shall be deemed separate and independent, (2) the Parties shall negotiate in good faith to restore insofar as practicable the benefits to each Party that were affected by such ruling, and (3) the remainder of this Agreement shall remain in full force and effect.

12.9 Security Arrangements
Infrastructure security of electric system equipment and operations and control hardware and software is essential to ensure day-to-day reliability and operational security. FERC expects all transmission providers, market participants, and interconnection customers interconnected to electric systems to comply with Applicable Reliability Criteria. All public utilities are expected to meet basic standards for system infrastructure and operational security, including physical, operational, and cyber-security practices.

12.10 Environmental Releases
Each Party shall notify the other Parties, first orally and then in writing, of the release of any hazardous substances, any asbestos or lead abatement activities, or any type of remediation activities related to the Small Generating Facility or the Interconnection Facilities, each of which may reasonably be expected to affect the other Parties. The notifying Party shall (1) provide the notice as soon as practicable, provided such Party makes a good faith effort to provide the notice no later than 24 hours after such Party becomes aware of the occurrence, and (2) promptly furnish to the other Parties copies of any publicly available reports filed with any governmental California Independent System Operator Corporation
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authorities addressing such events.

12.11 Subcontractors
Nothing in this Agreement shall prevent a Party from utilizing the services of any subcontractor as it deems appropriate to perform its obligations under this Agreement; provided, however, that each Party shall require its subcontractors to comply with all applicable terms and conditions of this Agreement in providing such services and each Party shall remain primarily liable to the other Parties for the performance of such subcontractor.

12.11.1 The creation of any subcontract relationship shall not relieve the hiring Party of any of its obligations under this Agreement. The hiring Party shall be fully responsible to the other Parties for the acts or omissions of any subcontractor the hiring Party hires as if no subcontract had been made; provided, however, that in no event shall the Participating TO or the CAISO be liable for the actions or inactions of the Interconnection Customer or its subcontractors with respect to obligations of the Interconnection Customer under this Agreement. Any applicable obligation imposed by this Agreement upon the hiring Party shall be equally binding upon, and shall be construed as having application to, any subcontractor of such Party.

12.11.2 The obligations under this article will not be limited in any way by any limitation of subcontractor’s insurance.

12.12 Reservation of Rights
The CAISO and Participating TO shall each have the right to make a unilateral filing with FERC to modify this Agreement pursuant to section 205 or any other applicable provision of the Federal Power Act and FERC's rules and regulations thereunder with respect to the following articles of this Agreement and with respect to any rates, terms and conditions, charges, classifications of service, rule or regulation covered by these articles:

Introductory Paragraph, 1.1, 1.2, 1.3, 1.4, 1.5.1, 1.5.2, 1.5.3, 1.5.4, 1.5.5, 1.5.6, 1.5.7, 1.6, 1.7,

1.8.1, 1.9, 2.1, 2.2.1, 2.3, 3, 4.1.1 (last sentence only), 5.1, 5.3, 6.2, 7, 8, 9, 11, 12, 13, Attachment 1, Attachment 4, Attachment 5, and Attachment 7.

The Participating TO shall have the exclusive right to make a unilateral filing with FERC to modify this Agreement pursuant to section 205 or any other applicable provision of the Federal Power Act and FERC's rules and regulations thereunder with respect to the following articles of this Agreement and with respect to any rates, terms and conditions, charges, classifications of service, rule or regulation covered by these articles:

2.2.2, 4.1.1 (all but the last sentence), 4.1.2, 4.2, 5.2, 6.1.1 (all but the last sentence), 6.1.2, 10 (all but preamble), Attachment 2, Attachment 3 and Attachment 6.

The CAISO shall have the exclusive right to make a unilateral filing with FERC to modify this Agreement pursuant to section 205 or any other applicable provision of the Federal Power Act and FERC's rules and regulations thereunder with respect to the following articles of this Agreement and with respect to any rates, terms and conditions, charges, classifications of service, rule or regulation covered by these articles:

1.8.2, 6.1.1 (last sentence only) and 10 (preamble only).

The Interconnection Customer, the CAISO, and the Participating TO shall have the right to make a unilateral filing with FERC to modify this Agreement under any applicable provision of the Federal Power Act and FERC's rules and regulations; provided that each Party shall have the California Independent System Operator Corporation
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right to protest any such filing by another Party and to participate fully in any proceeding before FERC in which such modifications may be considered. Nothing in this Agreement shall limit the rights of the Parties or of FERC under sections 205 or 206 of the Federal Power Act and FERC's rules and regulations, except to the extent that the Parties otherwise mutually agree as provided herein.

12.13 Annual Reassessment Process
In accordance with Section 7.4 of the GIDAP, the CAISO will perform an annual reassessment in which it will update certain base case data prior to beginning the GIDAP Phase II Interconnection Studies. As set forth in Section 7.4 of the GIDAP, the CAISO may determine through this assessment that Delivery Network Upgrades and Off-Peak Network Upgrades already identified and included in executed Generator Interconnection Agreements should be modified in order to reflect the current circumstances of Interconnection Customers in the queue, including any withdrawals therefrom, and any additions and upgrades approved in the CAISO’s most recent Transmission Planning Process cycle. To the extent that this determination modifies the scope or characteristics of, or the financial responsibility for, any Delivery Network Upgrades and Off-Peak Network Upgrades determined pursuant to this SGIA, such modification(s) will be reflected through an amendment to this SGIA.

Article 13. Notices

13.1 General
Unless otherwise provided in this Agreement, any written notice, demand, or request required or authorized in connection with this Agreement (“Notice”) shall be deemed properly given if delivered in person, delivered by recognized national courier service, or sent by first class mail, postage prepaid, to the person specified below:

If to the Interconnection Customer:

Interconnection Customer:

Attention:

Address:

City: State: Zip:

Phone: Fax:

If to the Participating TO:

Participating TO:

Attention:

Address:

City: State: Zip:

Phone: Fax:

If to the CAISO:

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California Independent System Operator Corporation
Attention:
250 Outcropping Way
Folsom, CA 95630
Phone: 916-351-4400 Fax:

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13.2 Billing and Payment
Billings and payments shall be sent to the addresses set out below:

Interconnection Customer:

Attention:

Address:

City: State: Zip:

Participating TO:

Attention:

Address:

City: State: Zip:

13.3 Alternative Forms of Notice
Any notice or request required or permitted to be given by any Party to the other Parties and not required by this Agreement to be given in writing may be so given by telephone, facsimile or e- mail to the telephone numbers and e-mail addresses set out below:

If to the Interconnection Customer:

Interconnection Customer:

Attention:

Address:

City: State: Zip:

Phone: Fax:

E-mail address:

If to the Participating TO:

Participating TO:

Attention:

Address:

City: State: Zip:

Phone: Fax:

E-mail address:

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If to the CAISO:

California Independent System Operator Corporation
Attention:
250 Outcropping Way
Folsom, CA 95630
Phone: 916-351-4400 Fax:

E-mail address:

13.4 Designated Operating Representative
The Parties may also designate operating representatives to conduct the communications which may be necessary or convenient for the administration of this Agreement. This person will also serve as the point of contact with respect to operations and maintenance of the Party’s facilities.

Interconnection Customer’s Operating Representative:

Interconnection Customer:

Attention:

Address:

City: State: Zip:

Phone: Fax:

Participating TO’s Operating Representative:

Participating TO:

Attention:

Address:

City: State: Zip:

Phone: Fax:

CAISO’s Operating Representative
California Independent System Operator Corporation
Attention:
250 Outcropping Way
Folsom, CA 95630

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13.5 Changes to the Notice Information
Any Party may change this information by giving five Business Days written notice to the other Parties prior to the effective date of the change.

Article 14. Signatures
IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed by their respective duly authorized representatives.

For the California Independent System Operator Corporation By:

Name:

Title:

Date:

For the Participating TO
By:

Name:

Title:

Date:

For the Interconnection Customer
By:

Name:

Title:

Date:

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Attachment 1

Glossary of Terms

Affected System - An electric system other than the CAISO Controlled Grid that may be affected by the proposed interconnection, including the Participating TO’s electric system that is not part of the CAISO Controlled Grid.

Applicable Laws and Regulations - All duly promulgated applicable federal, state and local laws, regulations, rules, ordinances, codes, decrees, judgments, directives, or judicial or administrative orders, permits and other duly authorized actions of any Governmental Authority.

Area Deliverability Constraint - A previously identified transmission system operating limit, based on a CAISO interconnection study or transmission planning study and listed on the CAISO website, that would constrain the deliverability of a substantial number of generators if the CAISO were to assign full capacity or partial capacity deliverability status to additional generating facilities in one or more specified geographic or electrical areas of the CAISO Controlled Grid in a total amount that is greater than the TP Deliverability for those areas. May also be a transmission system operating limit that constrains all or most of the same generation already constrained by a previously identified Area Deliverability Constraint.

Area Delivery Network Upgrade (ADNU) - A transmission upgrade or addition identified by the CAISO to relieve an Area Deliverability Constraint.

Area Off-Peak Constraints - A transmission system operating limit that would cause excessive curtailment to a substantial number of Generating Facilities during Off-Peak Load conditions, as described in Section 6.3.2.2 of Appendix DD and the CAISO Off-Peak Deliverability Assessment posted on the CAISO Website.

Area Off-Peak Network Upgrades (AOPNUs) - A transmission upgrade or addition the CAISO identifies in the Transmission Planning Process to relieve an Area Off-Peak Constraint.

Assigned Network Upgrade (ANU) - Reliability Network Upgrades, Local Off-Peak Network Upgrades, and Local Delivery Network Upgrades currently assigned to the Interconnection Customer. Assigned Network Upgrades exclude Conditionally Assigned Network Upgrades unless they become Assigned Network Upgrades.

Balancing Authority Area - The collection of generation, transmission, and loads within the metered boundaries of the Balancing Authority. The Balancing Authority maintains load-resource balance within this area.

Business Day - Monday through Friday, excluding federal holidays and the day after Thanksgiving Day.

CAISO Controlled Grid - The system of transmission lines and associated facilities of the parties to a Transmission Control Agreement that have been placed under the CAISO’s Operational Control.

CAISO Tariff - The CAISO’s tariff, as filed with FERC, and as amended or supplemented from time to time, or any successor tariff.

Commercial Operation Date - The date on which a Small Generating Facility commenced generating electricity for sale as agreed upon by the Participating TO and the Interconnection Customer and in accordance with any implementation plan agreed to by the Participating TO and the CAISO for multiple individual generating units or project phases at a Small Generating Facility where an Interconnection Customer intends to establish separate Commercial Operation Dates for those generating units or project phases.

Conditionally Assigned Network Upgrade (CANU) - Reliability Network Upgrades and Local Delivery California Independent System Operator Corporation
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Network Upgrades currently assigned to an earlier Interconnection Customer, but which may be assigned to the Interconnection Customer.

Current Cost Responsibility (CCR) - The Interconnection Customer’s current allocated costs for Assigned Network Upgrades, not to exceed the Maximum Cost Responsibility. This cost is used to calculate the Interconnection Customer’s Interconnection Financial Security requirement.

Default - The failure of a breaching Party to cure its breach under this Agreement.

Distribution System - Those non-CAISO-controlled transmission and distribution facilities owned by the Participating TO.

Distribution Upgrades - The additions, modifications, and upgrades to the Participating TO's Distribution System. Distribution Upgrades do not include Interconnection Facilities.

General Reliability Network Upgrade (GRNU) - Reliability Network Upgrades that are not Interconnection Reliability Network Upgrades.

Generator Interconnection and Deliverability Allocation Procedures (GIDAP) - The CAISO protocol that sets forth the interconnection and allocation procedures applicable to an Interconnection Request pertaining to a Small Generating Facility that is included in CAISO Tariff Appendix DD.

Good Utility Practice - Any of the practices, methods and acts engaged in or approved by a significant portion of the electric utility industry during the relevant time period, or any of the practices, methods and acts which, in the exercise of reasonable judgment in light of the facts known at the time the decision was made, could have been expected to accomplish the desired result at a reasonable cost consistent with good business practices, reliability, safety and expedition. Good Utility Practice is not intended to be any one of a number of the optimum practices, methods, or acts to the exclusion of all others, but rather to be acceptable practices, methods, or acts generally accepted in the region.

Governmental Authority - Any federal, state, local or other governmental regulatory or administrative agency, court, commission, department, board, or other governmental subdivision, legislature, rulemaking board, tribunal, or other governmental authority having jurisdiction over the Parties, their respective facilities, or the respective services they provide, and exercising or entitled to exercise any administrative, executive, police, or taxing authority or power; provided, however, that such term does not include the Interconnection Customer, CAISO, Participating TO, or any affiliate thereof.

Interconnection Facilities - The Participating TO's Interconnection Facilities and the Interconnection Customer's Interconnection Facilities. Collectively, Interconnection Facilities include all facilities and equipment between the Small Generating Facility and the Point of Interconnection, including any modification, additions or upgrades that are necessary to physically and electrically interconnect the Small Generating Facility to the Participating TO's Transmission System. Interconnection Facilities are sole use facilities and shall not include Distribution Upgrades or Network Upgrades.

Interconnection Financial Security (IFS) - Any of the financial instruments listed in Section 11.1 of the GIDAP that are posted by an Interconnection Customer to finance the construction of facilities or Network Upgrades.

Interconnection Handbook - A handbook, developed by the Participating TO and posted on the Participating TO’s website or otherwise made available by the Participating TO, describing technical and operational requirements for wholesale generators and loads connected to the Participating TO's Transmission System, as such handbook may be modified or superseded from time to time. The Participating TO's standards contained in the Interconnection Handbook shall be deemed consistent with Good Utility Practice and applicable reliability standards.

Interconnection Reliability Network Upgrade (IRNU) - Reliability Network Upgrades at the Point of California Independent System Operator Corporation
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Interconnection to accomplish the physical interconnection of the Generating Facility to the CAISO Controlled Grid. IRNUs are treated as Reliability Network Upgrades unless otherwise noted.

Interconnection Request - A request, in accordance with the CAISO Tariff, to interconnect a new Small Generating Facility, or to increase the capacity of, or make a Material Modification to the operating characteristics of, an existing Small Generating Facility that is interconnected with the CAISO Controlled Grid.

Interconnection Study -

(i) For Interconnection Requests processed under the Cluster Study Process described in the GIDAP, any of the following: the Phase I Interconnection Study conducted or caused to be performed by the CAISO, the reassessment of the Phase I Interconnection Study Base Case conducted or caused to be performed by the CAISO prior to the commencement of the Phase II Interconnection Study, or the Phase II Interconnection Study conducted or caused to be performed by the CAISO, pursuant to the GIDAP.

(ii) For Interconnection Requests processed under the Independent Study Process described in the GIDAP, the governing study(ies) conducted or caused to be performed by the CAISO pursuant to the GIDAP, which shall consist primarily of a system impact and facilities study as described in Section 4.4 of the GIDAP, and, as applicable to Full Capacity Deliverability Status or Partial Deliverability Status, Phase I and Phase Interconnection Studies as described in Section 2.4.3 of the GIDAP.

Local Deliverability Constraint - A transmission system operating limit modeled in the GIDAP study process that would be exceeded if the CAISO were to assign full capacity or partial capacity deliverability status to one or more additional generating facilities interconnecting to the CAISO Controlled Grid in a specific local area, and that is not an Area Deliverability Constraint.

Local Delivery Network Upgrade (LDNU) - A transmission upgrade or addition identified by the CAISO in the GIDAP study process to relieve a Local Deliverability Constraint.

Local Off-Peak Constraints - A transmission system operating limit modeled in the generator interconnection study process that would be exceeded or lead to excessive curtailment, as described in the Off-Peak Deliverability Assessment methodology, if the CAISO were to assign Off-Peak Deliverability Status to one or more Generating Facilities interconnecting to the CAISO Controlled Grid in a specific local area, and that is not an Area Off-Peak Constraint.

Local Off-Peak Network Upgrades (LOPNUs) - A transmission upgrade or addition the CAISO identifies in the generator interconnection study process to relieve a Local Off-Peak Constraint.

Material Modification - A modification that has a material impact on the cost or timing of any Interconnection Request or any other valid interconnection request with a later queue priority date.

Maximum Cost Exposure (MCE) - Pursuant to Appendix DD, the sum of (1) the Interconnection Customer’s Maximum Cost Responsibility and (2) the Conditionally Assigned Network Upgrades from its Phase I or Phase II Interconnection Study.

Maximum Cost Responsibility (MCR) - Pursuant to Appendix DD, the lower sum of the Interconnection Customer’s (1) full cost of assigned Interconnection Reliability Network Upgrades and (2) allocated costs for all other Assigned Network Upgrades, from its Phase I or Phase II Interconnection Studies, not to exceed the Maximum Cost Exposure.

Merchant Network Upgrades - Network Upgrades constructed and owned by an Interconnection Customer pursuant to Article 5.2.1 of this SGIA, Section 13.3 of the GIDAP, and Sections 24.4.6.1 and

36.11 of the CAISO Tariff.

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Network Upgrades - Additions, modifications, and upgrades to the Participating TO's Transmission System required at or beyond the point at which the Small Generating Facility interconnects with the CAISO Controlled Grid to accommodate the interconnection of the Small Generating Facility with the CAISO Controlled Grid. Network Upgrades do not include Distribution Upgrades.

Operational Control - The rights of the CAISO under a Transmission Control Agreement and the CAISO Tariff to direct the parties to the Transmission Control Agreement how to operate their transmission lines and facilities and other electric plant affecting the reliability of those lines and facilities for the purpose of affording comparable non-discriminatory transmission access and meeting applicable reliability criteria.

Off-Peak Deliverability Constraints - A transmission system operating limit that constrains Generating Facilities in an area, leading to the excessive curtailment of expected Energy.

Off-Peak Network Upgrades - Network Upgrades needed to relieve Off-Peak Deliverability Constraints.

Area Off-Peak Network Upgrades address Area Off-Peak Constraints. Local Off-Peak Network Upgrades address Local Off-Peak Constraints.

Operating Requirements - Any operating and technical requirements that may be applicable due to the CAISO, Western Electricity Coordinating Council, Balancing Authority Area, or the Participating TO's requirements, including those set forth in this Agreement.

Option (A) Interconnection Customer - An Interconnection Customer that elects to interconnect pursuant to Option (A) as set forth in Section 7.2 of the GIDAP.

Option (B) Interconnection Customer - An Interconnection Customer that elects to interconnect pursuant to Option (B) as set forth in Section 7.2 of the GIDAP.

Party or Parties - The Participating TO, CAISO, Interconnection Customer or the applicable combination of the above.

Phased Generating Facility - A Small Generating Facility that is structured to be completed and to achieve Commercial Operation in two or more successive sequences that are specified in this SGIA, such that each sequence comprises a portion of the total megawatt generation capacity of the entire Small Generating Facility.

Point of Interconnection - The point where the Interconnection Facilities connect with the Participating TO's Transmission System.

Precursor Network Upgrades (PNU) - Network Upgrades required for the Interconnection Customer consisting of (1) Network Upgrades assigned to an earlier Interconnection Customer in an earlier Queue Cluster, Independent Study Process, or Fast Track Process, that has executed its GIA pursuant to Section 14.2.2 of the GIDAP; and (2) Network Upgrades in the approved CAISO Transmission Plan.

Reasonable Efforts - With respect to an action required to be attempted or taken by a Party under this Agreement, efforts that are timely and consistent with Good Utility Practice and are otherwise substantially equivalent to those a Party would use to protect its own interests.

Reliability Network Upgrades (RNU) - The transmission facilities at or beyond the Point of Interconnection identified in the Interconnection Studies as necessary to interconnect one or more Generating Facility(ies) safely and reliably to the CAISO Controlled Grid, which would not have been necessary but for the interconnection of one or more Generating Facility(ies), including Network Upgrades necessary to remedy short circuit or stability problems, or system operating limits. Reliability Network Upgrades shall only be deemed necessary for system operating limits, occurring under any system condition, which cannot be adequately mitigated through Congestion Management or Operating Procedures based on the characteristics of the Generating Facilities included in the Interconnection California Independent System Operator Corporation
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Studies, limitations on market models, systems, or information, or other factors specifically identified in the Interconnection Studies. Reliability Network Upgrades also include, consistent with WECC practice, the facilities necessary to mitigate any adverse impact the Generating Facility’s interconnection may have on a path’s WECC rating. Reliability Network Upgrades include Interconnection Reliability Network Upgrades and General Reliability Network Upgrades.

Small Generating Facility - The Interconnection Customer's device for the production and/or storage for later injection of electricity identified in the Interconnection Request, but shall not include the Interconnection Customer's Interconnection Facilities.

TP Deliverability - The capability, measured in MW, of the CAISO Controlled Grid as modified by transmission upgrades and additions identified in the annual Transmission Plan to support the interconnection with Full Capacity Deliverability Status or Partial Capacity Deliverability Status of additional Generating Facilities in a specified geographic or electrical area of the CAISO Controlled Grid.

Transmission Control Agreement - CAISO FERC Electric Tariff No. 7.

Transmission System - The facilities owned and operated by the Participating TO and that have been placed under the CAISO’s Operational Control, which facilities form part of the CAISO Controlled Grid.

Upgrades - The required additions and modifications to the Participating TO's Transmission System and Distribution System at or beyond the Point of Interconnection. Upgrades may be Network Upgrades or Distribution Upgrades. Upgrades do not include Interconnection Facilities

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Attachment 2
Description and Costs of the Small Generating Facility, Interconnection Facilities, and Metering Equipment
Equipment, including the Small Generating Facility, Interconnection Facilities, and metering equipment shall be itemized and identified as being owned by the Interconnection Customer or the Participating TO.

The Participating TO will provide a best estimate itemized cost, including overheads, of its Interconnection Facilities and metering equipment, and a best estimate itemized cost of the annual operation and maintenance expenses associated with its Interconnection Facilities and metering equipment.

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Attachment 3
One-line Diagram Depicting the Small Generating Facility, Interconnection Facilities, Metering Equipment, and Upgrades

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Attachment 4
Milestones
In-Service Date:

Critical milestones and responsibility as agreed to by the Parties:

Milestone/Date Responsible Party
(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
(10)

Agreed to by:

For the CAISO Date
For the Participating TO Date
For the Interconnection Customer Date

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Attachment 5
Additional Operating Requirements for the CAISO Controlled Grid and Affected Systems Needed to Support the Interconnection Customer's Needs
The Participating TO and the CAISO shall also provide requirements that must be met by the Interconnection Customer prior to initiating parallel operation with the CAISO Controlled Grid.

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Attachment 6
Participating TO’s Description of its Upgrades and Best Estimate of Upgrade Costs The Participating TO shall describe Upgrades and provide an itemized best estimate of the cost, including overheads, of the Upgrades and annual operation and maintenance expenses associated with such Upgrades. The Participating TO shall functionalize Upgrade costs and annual expenses as either transmission or distribution related.

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Attachment 7
Interconnection Requirements for an Asynchronous Small Generating Facility Attachment 7 sets forth requirements and provisions specific to all Asynchronous Generating Facilities.

All other requirements of this Agreement continue to apply to all Asynchronous Generating Facility interconnections consistent with Section 25.4.2 of the CAISO tariff.

A. Technical Standards Applicable to Asynchronous Generating Facilities i. Low Voltage Ride-Through (LVRT) Capability
An Asynchronous Generating Facility shall be able to remain online during voltage disturbances up to the time periods and associated voltage levels set forth in the requirements below.

1. An Asynchronous Generating Facility shall remain online for the voltage disturbance caused by any fault on the transmission grid, or within the Asynchronous Generating Facility between the Point of Interconnection and the high voltage terminals of the Asynchronous Generating Facility’s step up transformer, having a duration equal to the lesser of the normal three-phase fault clearing time (4-9 cycles) or one-hundred fifty (150) milliseconds, plus any subsequent post-fault voltage recovery to the final steady-state post-fault voltage.

Clearing time shall be based on the maximum normal clearing time associated with any three-phase fault location that reduces the voltage at the Asynchronous Generating Facility’s Point of Interconnection to 0.2 per-unit of nominal voltage or less, independent of any fault current contribution from the Asynchronous Generating Facility.

2. An Asynchronous Generating Facility shall remain online for any voltage disturbance caused by a single-phase fault on the transmission grid, or within the Asynchronous Generating Facility between the Point of Interconnection and the high voltage terminals of the Asynchronous Generating Facility’s step up transformer, with delayed clearing, plus any subsequent post-fault voltage recovery to the final steady-state post-fault voltage. Clearing time shall be based on the maximum backup clearing time associated with a single point of failure (protection or breaker failure) for any single-phase fault location that reduces any phase-to-ground or phase-to-phase voltage at the Asynchronous Generating Facility’s Point of Interconnection to 0.2 per-unit of nominal voltage or less, independent of any fault current contribution from the Asynchronous Generating Facility.

3. Remaining on-line shall be defined as continuous connection between the Point of Interconnection and the Asynchronous Generating Facility’s units, without any mechanical isolation. Momentary cessation (namely, ceasing to inject current during a fault without mechanical isolation) is prohibited unless transient high voltage conditions rise to 1.20 per unit or more. For transient low voltage conditions, the Asynchronous Generating Facility’s inverters will inject reactive current. The level of this reactive current must be directionally proportional to the decrease in per unit voltage at the inverter AC terminals. The inverter must produce full reactive current capability when the AC voltage at the inverter terminals drops to a level of 0.50 per unit or below. The Asynchronous Generating Facility must continue to operate and absorb reactive current for transient voltage conditions between 1.10 and 1.20 per unit.

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Upon the cessation of transient voltage conditions and the return of the grid to normal operating voltage (0.90 < V < 1.10 per unit), the Asynchronous Generating Facility’s inverters automatically must transition to normal active (real power) current injection. The Asynchronous Generating Facility’s inverters must ramp up to inject active (real power) current with a minimum ramping rate of at least 100% per second (from no output to full available output). The total time to complete the transition from reactive current injection or absorption to normal active (real power) current injection must be one second or less. The total time to return from momentary cessation, if used, during transient high voltage conditions over 1.20 per unit or more must be one second or less.

The Asynchronous Generating Facility’s inverter will be considered to have tripped where its AC circuit breaker is open or otherwise has electrically isolated the inverter from the grid. Following an inverter trip, the inverter must make at least one attempt to resynchronize and connect back to the grid unless the trip resulted from a fatal fault code, as defined by the inverter manufacturer. This attempt must take place within 2.5 minutes from the inverter trip. An attempt to resynchronize and connect back to the grid is not required if the trip was initiated due to a fatal fault code, as determined by the original equipment manufacturer.

4. The Asynchronous Generating Facility is not required to remain on line during multi-phased faults exceeding the duration described in Section A.i.1 of this Attachment 7 or single-phase faults exceeding the duration described in Section A.i.2 of this Attachment 7.

5. The requirements of this Section A.i of this Attachment 7 do not apply to faults that occur between the Asynchronous Generating Facility’s terminals and the high side of the step-up transformer to the high-voltage transmission system.

6. Asynchronous Generating Facilities may be tripped after the fault period if this action is intended as part of a special protection system.

7. Asynchronous Generating Facilities may meet the requirements of this Section A of this Attachment 7 through the performance of the generating units or by installing additional equipment within the Asynchronous Generating Facility or by a combination of generating unit performance and additional equipment.

8. The provisions of this Section A.i of this Attachment 7 apply only if the voltage at the Point of Interconnection has remained within the range of 0.9 and 1.10 per- unit of nominal voltage for the preceding two seconds, excluding any sub-cycle transient deviations.

9. Asynchronous Generating Facility inverters may not trip or cease to inject current for momentary loss of synchronism. As a minimum, the Asynchronous Generating Facility’s inverter controls may lock the phase lock loop to the last synchronized point and continue to inject current into the grid at that last calculated phase prior to the loss of synchronism until the phase lock loop can regain synchronism. The current injection may be limited to protect the inverter.

Any inverter may trip if the phase lock loop is unable to regain synchronism 150 milliseconds after loss of synchronism.

10. Inverter restoration following transient voltage conditions must not be impeded by plant level controllers. If the Asynchronous Generating Facility uses a plant level controller, it must be programmed to allow the inverters to automatically re- synchronize rapidly and ramp up to active current injection (without delayed ramping) following transient voltage recovery, before resuming overall control of California Independent System Operator Corporation
Fifth Replacement Tariff
February 11, 2023
Appendix FF
the individual plant inverters.
ii. Frequency Disturbance Ride-Through Capacity
An Asynchronous Generating Facility shall comply with the off nominal frequency requirements set forth in the NERC Reliability Standard for Generator Frequency and Voltage Protective Relay Settings as they may be amended from time to time. iii. Power Factor Design Criteria (Reactive Power)
An Asynchronous Generating Facility not studied under the Independent Study Process, as set forth in Section 4 of Appendix DD, shall operate within a power factor within the range of 0.95 leading to 0.95 lagging, measured at the high voltage side of the substation transformer, as defined in this SGIA in order to maintain a specified voltage schedule, if the Phase II Interconnection Study shows that such a requirement is necessary to ensure safety or reliability. An Asynchronous Generating Facility studied under the Independent Study Process, as set forth in Section 4 of Appendix DD, shall operate within a power factor within the range of 0.95 leading to 0.95 lagging, measured at the high voltage side of the substation transformer, as defined in this SGIA in order to maintain a specified voltage schedule. The power factor range standards set forth in this section can be met by using, for example, power electronics designed to supply this level of reactive capability (taking into account any limitations due to voltage level, real power output, etc.) or fixed and switched capacitors, or a combination of the two, if agreed to by the Participating TO and CAISO. The Interconnection Customer shall not disable power factor equipment while the Asynchronous Generating Facility is in operation.

Asynchronous Generating Facilities shall also be able to provide sufficient dynamic voltage support in lieu of the power system stabilizer and automatic voltage regulation at the generator excitation system if the Phase II Interconnection Study shows this to be required for system safety or reliability.
iv. Supervisory Control and Data Acquisition (SCADA) Capability An Asynchronous Generating Facility shall provide SCADA capability to transmit data and receive instructions from the Participating TO and CAISO to protect system reliability.

The Participating TO and CAISO and the Asynchronous Generating Facility Interconnection Customer shall determine what SCADA information is essential for the proposed Asynchronous Generating Facility, taking into account the size of the plant and its characteristics, location, and importance in maintaining generation resource adequacy and transmission system reliability.
v. Power System Stabilizers (PSS)
Power system stabilizers are not required for Asynchronous Generating Facilities.

Attachment 8
[This Attachment is Intentionally Omitted]
City of Santa Clara
Agenda Report
1500 Warburton Avenue
Santa Clara, CA 95050
santaclaraca.gov
@SantaClaraCity
23-847 Agenda Date: 10/24/2023

REPORT TO COUNCIL

SUBJECT
Action on Award of Contract for the Storm Drain Slide Gate Rehabilitation to GSW Construction, Inc.

COUNCIL PILLAR
Deliver and Enhance High Quality Efficient Services and Infrastructure

BACKGROUND
The City of Santa Clara’s storm drain system consists of approximately 200 miles of pipelines, which includes manholes, catch basins, retention basins, lift stations, pump stations, and outfalls.

Stormwater in the City generally drains in a south to north direction and ultimately goes to the San Francisco Bay. Runoff captured by the storm drain system is discharged through a combination of gravity outfalls and pump stations. The City operates and maintains 22 storm lift/pump stations. Most of the storm lift/pump stations are located in the northern half of the City and pump stormwater over and through levees into Guadalupe River, San Tomas Aquino Creek, or Calabazas Creek.

Proper maintenance of the storm lift/pump stations and equipment is essential for efficient operation, infrastructure management and flood protection. In order to perform maintenance activities inside a pump station wet well, such as removing debris, trash, and large waste that can damage a pump station, isolation of the station is critical. A slide gate provides a means for staff to isolate a pump station from the incoming stormwater flows.

On April 20, 2021, City Council approved a Design Agreement with Mott MacDonald Group, Inc. to assess the top eight priority storm pump stations for rehabilitation of existing or installation of new slide gates. Based on available funding, the top two priority sites - the Eastside Stormwater Pump Station and Rambo Pump Stations - proceeded with detail design and construction.

DISCUSSION
In July 2023, a competitive Request for Bids (RFB) for construction of the Storm Drain Slide Gate Rehabilitation Project (Project) was published on the City’s bid notification system, Periscope S2G.

The RFB was viewed by over 45 vendors, including contractors, suppliers, plan rooms, and builder exchanges, among others. Additional vendors were able to view the RFB as members of various plan rooms and builder exchanges. Staff also reached out directly to contractors and vendors who had viewed similar projects in the past.

On August 31, 2023, bids for the Project were opened via video conference. Four bids were received ranging from $340,566 to $489,856. The Bid Summary is included as Attachment 1. The lowest bid was submitted by GSW Construction, Inc. (GSW) in the amount of $340,566, which is 23 percent below the engineer’s estimate of $442,000. GSW’s bid was reviewed by staff for compliance with the terms and conditions of the bid documents and has been determined to be a responsive and City of Santa Clara Printed on 10/20/2023Page 1 of 2
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23-847 Agenda Date: 10/24/2023
responsible bid. Staff recommends awarding the construction contract to GSW.

Award of contract will enable construction of the Project to commence. Substantial completion of the Project is anticipated in early 2025. The date may be subject to change based on, if any, unforeseen conditions are discovered during construction or extended delivery dates by equipment suppliers.

The contract includes prevailing wage requirements.

ENVIRONMENTAL REVIEW
This project being considered is exempt from the California Environmental Quality Act (“CEQA”) pursuant to CEQA Guidelines section 15301 (c), “Existing Facilities,” as the activity consists of the repair, maintenance or minor alteration of existing facilities involving no or negligible expansion of the use beyond that presently existing.

FISCAL IMPACT
The approximate cost of the contract is $340,566, plus an approximately 15 percent contingency, of $51,085, for any potential change orders, for a total not-to-exceed contract amount of $391,651. Staff recommends including the 15 percent contingency to cover any potential unforeseen issues that may arise when working with existing infrastructures. Funding for the contract is available in the Storm Drain Slide Gate Rehabilitation Project in the Storm Drain Capital Fund (CIP 535-1844).

COORDINATION
This report has been coordinated with the Finance Department and the City Attorney’s Office.

PUBLIC CONTACT
Public contact was made by posting the Council agenda on the City’s official-notice bulletin board outside City Hall Council Chambers. A complete agenda packet is available on the City’s website and in the City Clerk’s Office at least 72 hours prior to a Regular Meeting and 24 hours prior to a Special Meeting. A hard copy of any agenda report may be requested by contacting the City Clerk’s Office at (408) 615-2220, email [email protected] <mailto:[email protected]> or at the public information desk at any City of Santa Clara public library.

RECOMMENDATION

1. Determine the project to be exempt from CEQA under Public Resources Code Section 15301 (Class 1 Categorical Exemption).

2. Award the Public Works Contract for the Storm Drain Slide Gate Rehabilitation Project to the lowest responsive and responsible bidder, GSW Construction, Inc., in the amount of $340,566 and authorize the City Manager to execute any and all documents associated with, and necessary for the award, completion, and acceptance of this Project, in final forms approved by the City Attorney;

3. Authorize the City Manager to execute change orders up to approximately 15 percent of the original contract price, or $51,085, for a total not-to-exceed amount of $391,651 funded by the Storm Drain Capital Fund.

Reviewed by: Craig Mobeck, Director of Public Works
Approved by: Jōvan D. Grogan, City Manager

ATTACHMENT

1. Bid Summary
City of Santa Clara Printed on 10/20/2023Page 2 of 2
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