Agenda packet, second session — Santa Fe Springs City Council, February 6, 2024 (part 1 of 2)

Agenda

02.06.2024 - CITY COUNCIL AGENDA.PDF
Meeting Materials

02.06.2024 - CITY COUNCIL AGENDA PACKET.PDF

1. Documents:

2. Documents:

CITY OF SANTA FE SPRINGS

MEETINGS OF THE HOUSING SUCCESSOR, SUCCESSOR

AGENCY, AND CITY COUNCIL
AGENDA
TUESDAY, FEBRUARY 6, 2024
AT 6:00 P.M.

CITY HALL COUNCIL CHAMBERS
11710 TELEGRAPH ROAD
SANTA FE SPRINGS, CA 90670

CITY COUNCIL
Jay Sarno, Mayor
William K. Rounds, Mayor Pro Tem
Juanita Martin, Councilmember
Annette Rodriguez, Councilmember
Joe Angel Zamora, Councilmember

CITY MANAGER CITY ATTORNEY
René Bobadilla, P.E. Ivy M. Tsai

CITY STAFF
Assistant City Manager Nicholas Razo
Fire Chief Chad Van Meeteren
Police Chief Aviv Bar
Director of Community Services Maricela Balderas
Director of Finance Lana Dich
Director of Planning Wayne Morrell
Director of Police Services Dino Torres
Director of Public Works James Enriquez
City Clerk Janet Martinez
February 6, 2024: City Council Meeting Page 2 of 6

NOTICES
This City Council Meeting (“Council”) will be held in person and will meet at City Hall – City Council Chambers, 11710 E. Telegraph Road, Santa Fe Springs, California. The meeting will be live streamed on the City’s YouTube Channel and can be accessed on the City’s website via the following link:
https://santafesprings.org/city_council/city_council_meetings/index.php Americans with Disabilities Act: In compliance with the ADA, if you need special assistance to participate in a City meeting or other services offered by this City, please contact the City Clerk’s Office. Notification of at least 48 hours prior to the meeting or time when services are needed will assist the City staff in assuring that reasonable arrangements can be made to provide accessibility to the meeting or service.

SB 1439: Effective January 1, 2023, City Council Members are subject to SB 1439 and cannot participate in certain decisions for a year after accepting campaign contributions of more than $250 from an interested person. The Council Member would need to disclose the donation and abstain from voting.

Public Comments: The public is encouraged to address City Council on any matter listed on the agenda or on any other matter within its jurisdiction. If you wish to address the City Council on the day of the meeting, please fill out a speaker card provided at the door and submit it to City Clerk staff. You may also submit comments in writing by sending them to the City Clerk's Office at [email protected]. All written comments received by 12:00 p.m. the day of the City Council Meeting will be distributed to the City Council and made a part of the official record of the meeting. Written comments will not be read at the meeting, only the name of the person submitting the comment will be announced. Pursuant to provisions of the Brown Act, no action may be taken on a matter unless it is listed on the agenda, or unless certain emergency or special circumstances exist. The City Council may direct staff to investigate and/or schedule certain matters for consideration at a future City Council meeting.

Please Note: Staff reports and supplemental attachments are available for inspection at the office of the City Clerk in City Hall, during regular business hours 7:30 a.m. – 5:30 p.m., Monday – Thursday. Telephone: (562) 868-0511.

February 6, 2024: City Council Meeting Page 3 of 6

CALL TO ORDER

ROLL CALL

INVOCATION

PLEDGE OF ALLEGIANCE

INTRODUCTIONS

PRESENTATIONS

1. 2024 YOUTH LEADERSHIP COMMITTEE REPORT ON RETREAT TO GREEN

VALLEY, CA & RECOGNITION OF RETREAT SPONSOR, SERV-WEL DISPOSAL & RECYCLING (COMMUNITY SERVICES)

2. PARAMEDIC INTRODUCTION (FIRE)

3. INTRODUCTION OF NEW EMPLOYEES

CHANGES TO AGENDA

PUBLIC COMMENTS ON NON-AGENDA & NON-PUBLIC HEARING AGENDA ITEMS At this time, the general public may address the City Council on both non-agenda and nonpublic hearing agenda items. Comments relating to public hearing items will be heard during the public hearing. Please be aware that the maximum time allotted for members of the public to speak shall not exceed three (3) minutes per speaker. State Law prohibits the City Council from taking action or entertaining extended discussion on a topic not listed on the agenda. Please show courtesy to others and direct all of your comments to the Mayor.

STAFF COMMUNICATIONS ON ITEMS OF COMMUNITY INTEREST

HOUSING SUCCESSOR, SUCCESSOR AGENCY, AND CITY COUNCIL AGENDA

PUBLIC HEARING

4. STATE OF CALIFORNIA CITIZENS’ OPTION FOR PUBLIC SAFETY (COPS)

GRANT PROGRAM (POLICE SERVICES)
RECOMMENDATION: It is recommended that the City Council:
1) Open the Public Hearing; and receive any comments from the public wishing to speak on this matter and therefore close the Public Hearing; and 2) Approve the expenditure of the State of California Citizens’ Option for Public Safety (COPS) grant funds as outlined in the plan contained herein.

February 6, 2024: City Council Meeting Page 4 of 6
OLD BUSINESS – NONE

REGULAR BUSINESS

5. FISCAL YEAR (FY) 2022-23 YEAR-END REVIEW AND PRESENTATION OF THE CITY’S ANNUAL COMPREHENSIVE FINANCIAL REPORT (ACFR) (FINANCE) RECOMMENDATION: It is recommended that the City Council:
1) Receive and file the City’s Annual Comprehensive Financial Report (ACFR) for the Fiscal Year (FY) ending June 20, 2023, and related communications; 2) Authorize the transfer of $25 million from the FY 2022-23 increase in available General Fund balance to the following reserves and/or funds:
a. $7 million available balance to the Unfunded Liability Reserve for deposit into the California Employer’s Pension Prefunding Trust (CEPPT) b. $6.75 million of available balance to the Capital Improvement Program (CIP) Fund
c. $4 million of available balance to the Equipment Replacement Fund d. $4 million of available balance to the Economic Contingency Reserve e. $3 million of available balance to the Employee Liability Fund for Compensated Absences liability
f. $250,000 of available balance to the Renovation and Replacement Reserve 3) Authorize the transfer of $466,000 for the FY 2022-23 increase in available Water Fund balance to the Water CIP Reserve Fund.

6. BUILDING PLAN CHECK AND INSPECTION SERVICES – AWARD OF CONTRACT TO TRANSTECH ENGINEERING, INC. (PUBLIC WORKS)
RECOMMENDATION: It is recommended that the City Council:
1) Accept the proposal from and award a contract to Transtech Engineering, Inc. (Transtech) for Building Plan Check and Inspection Services; and 2) Take such additional, related action that may be desirable.

CONSENT CALENDAR
All matters listed under the Consent Calendar are considered to be routine. Any items a Councilmember wishes to discuss should be designated at this time. All other items may be approved in a single motion. Such approval will also waive the reading of any Ordinance.

HOUSING SUCCESSOR

7. MINUTES OF THE JANUARY 11, 2024 HOUSING SUCCESSOR MEETINGS (CITY CLERK)
February 6, 2024: City Council Meeting Page 5 of 6
RECOMMENDATION: It is recommended that the Housing Successor:
1) Approve the minutes as submitted.

SUCCESSOR AGENCY

8. MINUTES OF THE JANUARY 11, 2024 SUCCESSOR AGENCY MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Successor Agency:
1) Approve the minutes as submitted.

CITY COUNCIL

9. MINUTES OF THE JANUARY 11, 2024 SPECIAL CITY COUNCIL MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the City Council:
1) Approve the minutes as submitted.

10. RESOLUTION NO. 9896 – WEED ABATEMENT (CITY CLERK)
RECOMMENDATION: It is recommended that the City Council:
1) Adopt Resolution No. 9896 declaring weeds a public nuisance, declaring its intention to remove them, and setting Tuesday, February 20, 2024 as the date for Public Hearing.

11. TREASURER’S REPORT OF INVESTMENTS FOR THE QUARTER ENDED DECEMBER 21, 2023 (FINANCE)
RECOMMENDATION: It is recommended that the City Council:
1) Receive and file the report.

12. AUTHORIZE BANKING SERVICES WITH FARMERS & MERCHANTS BANK (FINANCE)
RECOMMENDATION: It is recommended that the City Council:
1) Authorize the City Manager to execute Banking Services with Farmers & Merchants Bank.

13. AQUATIC CENTER IMPROVEMENTS PROJECT PHASE 1A – AWARD OF

CONTRACT (PUBLIC WORKS)
February 6, 2024: City Council Meeting Page 6 of 6
RECOMMENDATION: It is recommended that the City Council:
1) Award a construction contract to California Commercial Pools, Inc. of Glendora, California in the amount of $3,973,639.45 for the construction of the Aquatic Center Improvement Project Phase 1A; and
2) Take such additional, related action that may be desirable.

14. REGIONAL AQUATIC CENTER RENOVATION PROJECT – ADOPTION OF RESOLUTION NO. 9895 (PUBLIC WORKS)
RECOMMENDATION: It is recommended that the City Council:
1) Adopt Resolution No. 9895 approving an application for specified grant funds from the State of California Budget Act of 2023 [19.561(b)(46)] for the Regional Aquatic Center Renovation Project; and
2) Take such additional, related action that may be desirable.

APPOINTMENTS TO BOARDS, COMMITTEES, AND COMMISSIONS
COUNCIL COMMENTS/AB1234 COUNCIL CONFERENCE REPORTING
Council member announcements; requests for future agenda items; conference/meetings reports. Members of the City Council will provide a brief report on meetings attended at the expense of the local agency as required by Government Code Section 53232.3(d).

ADJOURNMENT
I, Fernando N. Muñoz, Deputy City Clerk for the City of Santa Fe Springs hereby certify that a copy of this agenda has been posted no less than 72 hours at the following locations; City’s website at www.santafesprings.org; Santa Fe Springs City Hall, 11710 Telegraph Road; Santa Fe Springs City Library, 11700 Telegraph Road; and the Town Center Plaza (Kiosk), 11740 Telegraph Road.
_____________________________________________
Fernando N. Muñoz, CMC, Deputy City Clerk

CITY OF SANTA FE SPRINGS

MEETINGS OF THE HOUSING SUCCESSOR, SUCCESSOR

AGENCY, AND CITY COUNCIL
AGENDA
TUESDAY, FEBRUARY 6, 2024
AT 6:00 P.M.

CITY HALL COUNCIL CHAMBERS
11710 TELEGRAPH ROAD
SANTA FE SPRINGS, CA 90670

CITY COUNCIL
Jay Sarno, Mayor
William K. Rounds, Mayor Pro Tem
Juanita Martin, Councilmember
Annette Rodriguez, Councilmember
Joe Angel Zamora, Councilmember

CITY MANAGER CITY ATTORNEY
René Bobadilla, P.E. Ivy M. Tsai

February 6, 2024: City Council Meeting Page 3 of 6

CALL TO ORDER

ROLL CALL

INVOCATION

PLEDGE OF ALLEGIANCE

INTRODUCTIONS

PRESENTATIONS

1. 2024 YOUTH LEADERSHIP COMMITTEE REPORT ON RETREAT TO GREEN

VALLEY, CA & RECOGNITION OF RETREAT SPONSOR, SERV-WEL DISPOSAL & RECYCLING (COMMUNITY SERVICES)

2. PARAMEDIC INTRODUCTION (FIRE)

3. INTRODUCTION OF NEW EMPLOYEES

CHANGES TO AGENDA

STAFF COMMUNICATIONS ON ITEMS OF COMMUNITY INTEREST

HOUSING SUCCESSOR, SUCCESSOR AGENCY, AND CITY COUNCIL AGENDA

PUBLIC HEARING

4. STATE OF CALIFORNIA CITIZENS’ OPTION FOR PUBLIC SAFETY (COPS)

February 6, 2024: City Council Meeting Page 4 of 6
OLD BUSINESS – NONE

REGULAR BUSINESS

HOUSING SUCCESSOR

SUCCESSOR AGENCY

8. MINUTES OF THE JANUARY 11, 2024 SUCCESSOR AGENCY MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Successor Agency:
1) Approve the minutes as submitted.

CITY COUNCIL

9. MINUTES OF THE JANUARY 11, 2024 SPECIAL CITY COUNCIL MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the City Council:
1) Approve the minutes as submitted.

11. TREASURER’S REPORT OF INVESTMENTS FOR THE QUARTER ENDED DECEMBER 21, 2023 (FINANCE)
RECOMMENDATION: It is recommended that the City Council:
1) Receive and file the report.

13. AQUATIC CENTER IMPROVEMENTS PROJECT PHASE 1A – AWARD OF

CITY OF SANTA FE SPRINGS

CITY COUNCIL AGENDA STAFF REPORT
TO: Honorable Mayor and City Council Members

FROM: René Bobadilla, P.E., City Manager

BY: Dino Torres, Director of Police Services

SUBJECT: STATE OF CALIFORNIA CITIZENS’ OPTION FOR PUBLIC SAFETY (COPS) GRANT PROGRAM
DATE: February 6, 2024
RECOMMENDATION(S):

It is recommended that the City Council:
1) Open the Public Hearing; and receive any comments from the public wishing to speak on this matter and therefore close the Public Hearing; and 2) Approve the expenditure of the State of California Citizens’ Option for Public Safety (COPS) grant funds as outlined in the plan contained herein.

FISCAL IMPACT
The State COPS program has remained a necessary supplemental funding source, which has provided the City with the means for additional public safety resources. The Department of Police Services currently has $190,540 in COPS grant funds (2203) available to allocate to front line police services for the Fiscal Year 2023-2024.

BACKGROUND/DISCUSSION
The Citizens’ Option for Public Safety (COPS) program provides grants to each city and county and five special districts that provide law enforcement within the State of California. COPS funds are allocated among cities and counties and special districts providing law enforcement services in proportion to population, except that: A). County populations are the populations in incorporated areas, and B). Each agency is to be allocated a minimum of $100,000. As such, the City is entitled to a State of California Citizens’ Option for Public (COPS) Grant of $100,000. Additionally, we have $90,540 of grant funds carried over from previous fiscal years.

CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 6, 2024 Public Hearing: State of California Citizens’ Option for Public Safety (COPS) Grant Program

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LEGAL NOTICE OF PUBLIC HEARING
Legal notice of the Public Hearing to consider the spending of the State of California Citizens’ Option for Public Safety (COPS) grant funds was posted at Santa Fe Springs City Hall, the City Library and Town Center Hall. A Notice was also published in the Whittier Daily Newspaper on January 24, 2024. Staff will report any inquiries received for this matter at the time of the Council’s meeting

ANALYSIS
Funds from the COPS program must be used exclusively to fund the frontline municipal police services. Based on a review of law enforcement priorities, staff is recommending that funds be expended on the payment of:
 The cost for a Traffic Officer for FY 2023/2024 assigned to the City, which is $287,700. $190,540 would be paid using COPS funds and the remaining balance covered by the City General Fund.

The expenditure of these funds requires that the City conduct a Public Hearing to gain input from citizens as to how these funds should be expended.

ENVIRONMENTAL
N/A

SUMMARY/NEXT STEPS
Upon City Council approval, staff will expend COPS grant funds on the payment of a Traffic Officer assigned to Santa Fe Springs.

ATTACHMENT(S):

A. Attachment A – Public Hearing Notice
ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:

Attachment - A
ITEM # 5

CITY OF SANTA FE SPRINGS

CITY COUNCIL AGENDA STAFF REPORT
TO: Honorable Mayor and City Council Members

FROM: René Bobadilla, P.E., City Manager

BY: Lana Dich, Director of Finance & Administrative Services

SUBJECT: FISCAL YEAR (FY) 2022-23 YEAR-END REVIEW AND PRESENTATION OF THE CITY’S ANNUAL COMPREHENSIVE FINANCIAL REPORT
(ACFR)
DATE: February 6, 2024
RECOMMENDATION(S):

It is recommended that the City Council:
1) Receive and file the City’s Annual Comprehensive Financial Report (ACFR) for the Fiscal Year (FY) ending June 20, 2023, and related communications; 2) Authorize the transfer of $25 million from the FY 2022-23 increase in available General Fund balance to the following reserves and/or funds:
a. $7 million available balance to the Unfunded Liability Reserve for deposit into the California Employer’s Pension Prefunding Trust (CEPPT) b. $6.75 million of available balance to the Capital Improvement Program (CIP) Fund
c. $4 million of available balance to the Equipment Replacement Fund d. $4 million of available balance to the Economic Contingency Reserve e. $3 million of available balance to the Employee Liability Fund for Compensated Absences liability
f. $250,000 of available balance to the Renovation and Replacement Reserve 3) Authorize the transfer of $466,000 for the FY 2022-23 increase in available Water Fund balance to the Water CIP Reserve Fund.

FISCAL IMPACT
None
CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 6, 2024 Fiscal Year (FY) 2022-23 Year-End Review and Presentation of the City’s Annual Comprehensive Financial Report (ACFR)

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BACKGROUND
Each year, the City engages an independent financial auditor to audit the City’s financial statements, known as the ACFR. The purpose of the City’s ACFR is to provide independently audited relevant financial information to the City Council, citizens, staff, grant entities, creditors, bond investors, rating agencies, and other concerned readers.

The City’s financial statements contained within the ACFR are presented in conformity with generally accepted accounting principles (“GAAP”) and audited in accordance with generally accepted governmental auditing standards (“GAGAS”). The statements are reported on a fiscal year basis beginning July 1st and ending June 30th and have been audited by an independent firm of certified public accountants, CliftonLarsonAllen LLP (“CLA”) to provide reasonable assurance that the financial statements fairly present the City’s financial condition in all material respects. The ACFR, including Independent Auditors’ Opinion, are included here as Attachment A.

As required by GAGAS, CLA has also issued a Report on Internal Control and Compliance and an Audit Communication Letter summarizing the results of the audit.

These reports, included here as attachment B and C, are used to communicate certain matters to the City Council. The audit did not identify any material weaknesses or significant deficiencies in internal controls.

As part of the City’s annual fiscal year-end procedures, staff compiles a summary of the City’s actual General Fund and Water Fund revenues and operating expenditures compared to the adjusted budget. The summary is instrumental in helping staff assess prior year expenditures and current financial trends to incorporate the information into future budget estimates and to assess the City’s current financial position.

ANALYSIS
Overall, the City’s General Fund Unassigned Reserve balance increased approximately $3.7 million from $28.0 million at June 30, 2022 to $33.7 million at June 30, 2023. If the proposed allocation is approved, the City’s General Fund Economic Uncertainty Reserve balance will be $11.7 million and Unfunded Liability Reserve will be $25.8 million at June 30, 2023.

In the Water Fund, the Unrestricted Net Assets increased by approximately $2.6 million from $3.1 million at June 30, 2022 to $5.7 million at June 30, 2023.

Actual vs. Budget Information
Attached are revenue and expenditure summaries illustrating comparisons between budgeted and actual figures. Although the City’s operations in FY 2022-23 were, in part, influenced by the pandemic and its effect on the national economy, the City was fortunate, from a financial perspective, given that the Sales Tax base was relatively unaffected.

CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 6, 2024 Fiscal Year (FY) 2022-23 Year-End Review and Presentation of the City’s Annual Comprehensive Financial Report (ACFR)

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The Sales Tax generated in FY 2022-23 of $39.9 million, the highest ever in the City’s history, surpassed the prior year amount of $39.3 million. The Sales Tax revenue/growth is critical to the City’s finances as it represents over half of all General Fund revenues.

This is also the fourth full year of collecting the voter-approved Transactions & Use Tax (Measure Y) and its trend continues to be very favorable for the City. Measure Y has alleviated some of the financial burdens that have threatened our strong financial position.

Even during the global pandemic, Measure Y was a consistent and reliable stream of revenue for the City. The Sales Tax and Measure Y combined represent approximately fifty-five (55%) of General Fund revenues.

Additionally, across the General Fund, the actual year-end financial information is favorable for both revenues and expenditures. Revenues, in general, are higher than anticipated by 20.7% and expenditures are less than budgeted amounts by 7.5%. The influx in additional revenue, coupled with significant savings from operating costs across departments has created an operating surplus of approximately $25 million for FY 2022-

23. The revenues in the Water Fund were lower than anticipated by about 8.4% and expenditures were 11.5% under budget. The actual revenues were $15.5 million and actual expenditures were $14.6 million, which resulted in an increase in available fund balance of $0.5 million.

GENERAL FUND
Overall, General Fund revenues were approximately $17.7 million or 20.7% higher than anticipated at $103 million. This high variance is primarily due to the Sales Tax, the Transactions and Use Tax (Measure Y), the Utility Users Tax (UUT) and the Property Tax, all of which exceeded budget estimates by 11% to 40%. Revenue estimates were initially somewhat conservative given the uncertainties surrounding the continuing effects of the pandemic; however, the midyear revenue budget reflected an increase of $3.0 million or 4.3% to reflect better than expected results. Even with this adjustment, the final results came in 20.7% over budget and 17.6% greater than FY 2021-22. Additionally, the revenue of $103 million reflects approximately $3.4 million of investment earnings due to market recovery in the City’s investment portfolio.

Sales Taxes reached an all-time high for FY 2022-23 coming in at $39.9 million and 11.1% over budget. Part of the revenue growth is related to a sales tax sharing agreement entered into with the City of Vernon regarding tax generated by a business located in both cities. While the agreement provides a healthy boost to sales tax, the City still experienced significant growth within the existing sales tax base. Measure Y also finished the year 13.9% over budget at $16.8 million, also a record level for the four-year old tax.

CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 6, 2024 Fiscal Year (FY) 2022-23 Year-End Review and Presentation of the City’s Annual Comprehensive Financial Report (ACFR)

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Property Taxes generated during FY 2022-23 totaled $5.6 million, which is $1.4 million over the anticipated amount. Approximately $2.8 million of the $5.6 million received was from Property Tax allotments and $2.8 million were from Residual Property Tax (former Redevelopment Agency). Increases to both sources was a direct result of higher assessed valuation throughout the City.

The UUT came in at 35.1% over budget expectations at $8.5 million. The UUT was a revenue that staff was closely monitoring given that there was a downward trend observed for the UUT. However, on a year-over-year comparison, the UUT increased by approximately $1.3 million over the previous year and $2.2 million over the past two years.

The two year’s positive performance does not necessarily indicate a new trend; however, it is an encouraging indication. Staff will continue to monitor and adjust figures as appropriate.

Franchise Tax and Motor Vehicle in Lieu Tax exceeded budget expectations by 40.2% and 10.6%, respectively. The Other Taxes category is the only tax revenue source that was under budget by $44,848 or 2.7%. This is primarily due to changes in the ownership structure of the City’s largest oil producer which has caused the City’s Barrel Tax to fall into arrears. Staff is currently working with the new ownership structure to bring the producer current on past-due taxes.

In the Use of Money, Property, & Other Category, revenues of approximately $8.1 million were received for items such as Interest, Development and Green Waste Host Fees, Ground Leases and other rental income, and the Water Utility lease payment. The Use of Money, Property, & Other Category revenues were approximately 93.3% higher than anticipated, mainly due to investment earnings in the City’s investment portfolio.

Operating Expenditures
Overall, in the General Fund, operating department expenditures totaled $70.9 million, providing a savings of approximately $5.7 million or 7.5% compared to the midyear budget figures. Although there were customary actual-to-budget departmental fluctuations, all departments realized savings primarily through labor and operational savings due to the pandemic’s impact on in-person activities.

The Fire-Rescue Department realized savings of approximately $1.0 million through labor savings, increased applied revenues and other operational savings throughout their activities. The Community Services department generated approximately $0.7 million in savings, while the Public Works and Police Departments generated $1.2 million and $1.2 million in savings when compared to the midyear budget, respectively. Planning & Building’s achieved $237,000 in savings while the Finance and General Government Departments generated approximately $0.9 million and 434,000 in savings, respectively.

CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 6, 2024 Fiscal Year (FY) 2022-23 Year-End Review and Presentation of the City’s Annual Comprehensive Financial Report (ACFR)

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Summary
Below is a summary comparing the General Fund’s budgeted vs. actual year-end figures followed by a discussion of potential uses of the available balance.

Recommended FY 2022-23 General Fund Surplus Allocation Plan Given the rising pension costs and organizational needs going forward, the following allocation plan is recommended for FY 2022-23:
• $7.0 million or 28% of the available balance to the Unfunded Liability Reserve for deposit to the City’s account with the California Employer’s Pension Prefunding Trust (CEPPT). This will help to mitigate annual unfunded liability increases and/or increases to the Employer Contribution Rates; in 2023, CalPERS reported a 5.8% gain on investments. This is 1.0% lower than the

6.8% target, which will result in an increase in costs to the City. At June 30, 2022, the City pension plans are expected to be funded at approximately 56.0% which is substantially underfunded and lower than more than 90% of all CalPERS agencies.
• $6.75 million or 27% of the available balance to the Capital Improvement Program (CIP) Fund to support critical deferred maintenance needs; this allocation is over and above the $2.8 million in annual funding. • $4.0 million or 16% of the available balance to the Equipment Replacement Fund to support the replacement of critical City equipment, such as vehicles and other gasoline or diesel-powered equipment. This will bring the balance in the Fund to approximately $8.3 million.
• $4.0 million or 16% of the available balance to the Economic Contingency Reserve to offset any major variation in General Fund revenues and/or offset any other unforeseen cost increases. Currently, the reserve has a balance of $7,725,000 and with the additional funding proposed, the new balance would be $11,725,000.

Adjusted Budget Actual
Revenues $ 103,075,225 85,382,100 $
Expenditures
Operating Expenditures (76,673,167) (70,942,880)
Vehicles/Transfers/Non-Recurring (5,327,100) (7,312,283) Total Expenditures (Uses) (82,000,267) (78,255,163)
Net Increase in Available Fund Balance 3,381,833 $ 24,820,062 $ CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 6, 2024 Fiscal Year (FY) 2022-23 Year-End Review and Presentation of the City’s Annual Comprehensive Financial Report (ACFR)

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• $3.0 million or 12% of the available balance to the Employee Liability Fund for Compensated Absences to provide funding for employee related liabilities. • $250,000 or 1% of the available balance to the Renovation and Replacement Reserve to provide funding for periodic replacement of facility components that wear out during the facility’s economic life.

WATER FUND
Revenues
In the Water Fund, revenues received were lower than the budget amount by approximately $1.4 million or 8.4%. This was largely due to delinquent accounts carried over during the pandemic. Metered water sales were under budget by approximately $1.6 million or 9.6%. Interest earnings came in $145,000 greater than anticipated (264.5%).

Other revenues were $53,700 over budget primarily due to trunk line connections, and temporary meter fees.

Operating Expenditures
Similar to the General Fund, the Water Fund experienced overall expenditure savings of $1.9 million or 11.5% in the operating activities. Labor and operational savings were realized in all of the budget activities. The greatest savings were in the Water Purchases activity came in below budget by approximately $1.7 million or 20.4%. An additional $655,000 in savings were realized within the Administration, Distribution System Maintenance, Billing and Collection, Backflow, and Production Facilities Maintenance activities.

Summary
The Water Fund’s budgeted vs. actual year-end figures are summarized in the table below:

Adjusted Budget Actual
Revenues $ 15,535,350 16,966,100 $
Expenditures
Operating Expenditures (14,630,781) (16,527,600) Transfer to Water CIP (438,500) (438,500) Total Expenditures (Uses) (15,069,281) (16,966,100) Net Increase in Available Fund Balance - $ 466,069 $ CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 6, 2024 Fiscal Year (FY) 2022-23 Year-End Review and Presentation of the City’s Annual Comprehensive Financial Report (ACFR)

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Potential Use for Water Fund Balance
Given the water infrastructure needs and available funding for necessary projects, the recommended use of the Water Fund Balance is to deposit $466,000 into the Water CIP Reserve Fund. The additional funding will be critical to support the long-term improvement of the water system.

ENVIRONMENTAL
N/A

DISCUSSION
Both the City’s General Fund and Water Fund experienced positive results for FY 2022- 23 despite the impacts from the pandemic. Both funds are reporting increases in available fund balances and the Sales Tax and Measure Y provided a significant increase to the City’s revenue base. However, there are a number of issues to call to the City Council’s attention as we look to the future:
• CalPERS Unfunded Liability and Normal Costs contributions are expected to continue to increase over the next ten years. These projections are based on actuarial reports from June 30, 2022 and as adjusted for the loss experienced by CalPERS as of June 30, 2023. In addition, and perhaps more significantly, if investment performance does not meet expectations in the long-term, the rates could escalate even higher, which can occur given the current economic environment. While the City will not receive an updated actuarial valuation until 2024, we know that the losses will add to the City’s unfunded liabilities and annual required payments. The CalPERS contributions affect both the General Fund and Water Fund.
• Infrastructure funding will be critical in the upcoming years. While there are funds and accounts that have been established by the City Council, the City will be challenged to continue to set adequate funding aside on an ongoing basis.
• The City is particularly sensitive to changes in the economy. The City’s reliance on sales tax makes the City susceptible to economic downturns faster than other agencies which rely on revenue sources such as property taxes.

Additionally, the City’s industrial business-to-business sales tax base also causes the City’s sales tax to behave differently than regional and statewide trends, making predicting sales tax more challenging. Add to this, economic indicators such as inflation, interest rates, and GDP and we are left with significant unpredictability regarding future revenues. Consequently, the City continues to budget conservatively and put funding away to ease the burden when the inevitable downturns occur.

CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 6, 2024 Fiscal Year (FY) 2022-23 Year-End Review and Presentation of the City’s Annual Comprehensive Financial Report (ACFR)

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• Proposals also continue to be brought forward to modify the state’s allocation methodology for sales tax revenues, primarily concerning on-line sales transactions. Most proposals would result in a reduction of sales tax for Santa Fe Springs. The City continues to be actively involved in these discussions and argues against proposals that would negatively impact the City; however, it is a continuing threat which must be acknowledged.

Under the current fiscal environment, revenues are expected to exceed expenditures over the next couple of years, but this structural surplus is expected to decrease each year given the negotiated salary increases, new positons added to the organization and other increases in operating costs. As such, staff will continue to pursue internal operating efficiencies and strategies to minimize costs and impacts to City services while exploring new and innovative revenue ideas. Staff will continue to work with the City Council to explore not only new revenue options but cost containment strategies as well.

SUMMARY/NEXT STEPS
The recommended items have been incorporated in the assigned fund balance. Staff will incorporate any further direction and input provided by the City Council.

ATTACHMENT(S):

A. Attachment A – Final audited FY 2022-23 Annual Comprehensive Financial Report B. Attachment B – Report of Internal Controls and Compliance C. Attachment C – Audit Communication Letter
D. Attachment D – General Fund FY 2022-23 Budget to Actual Summary E. Attachment E – Water Fund FY 2022-23 Budget to Actual Summary ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:

General Fund - FY 2022-23 Budget to Actual Summary ATTACHMENT D Revenues
Original Budget Adjusted
Type FY 2022-23 Adjusted Budget Actual $ %
Sales Tax $ 33,600,000 $ 36,000,000 $ 39,980,366 $ 3,980,366 11.1% Transactions & Use Tax 14,200,000 14,760,000 16,807,006 2,047,006 13.9% Utility Users Tax 6,300,000 6,300,000 8,513,512 2,213,512 35.1% Franchise Tax 3,265,000 3,265,000 4,575,994 1,310,994 40.2% Property Tax 4,200,000 4,200,000 5,576,625 1,376,625 32.8% Motor Vehicle In Lieu Tax 2,266,000 2,266,000 2,507,001 241,001 10.6% Other Taxes 1,598,000 1,637,400 1,592,552 (44,848) -2.7% Use of Money, Property, & Other 4,189,300 4,189,300 8,097,963 3,908,663 93.3% Department Revenue 12,764,400 12,764,400 15,424,206 2,659,806 20.8% Total Revenues 82,382,700 85,382,100 103,075,225 17,693,125 20.7% Expenditures (Operating Departments)
Original Budget Adjusted
Department/Activity FY 2022-23 Budget Actual $ %
General Government $ 4,680,800 $ 4,680,800 $ 4,246,571 $ 434,229 9.3% Finance and Admin Svcs. 7,527,600 7,586,100 6,660,626 925,474 12.2% Police 16,305,000 16,563,500 15,406,474 1,157,026 7.0%
Fire-Rescue 22,442,400 23,019,067 21,959,703 1,059,364 4.6% Planning and Development 3,084,300 3,384,300 3,146,527 237,773 7.0% Public Works
Engineering 1,753,200 1,753,200 1,705,486 47,714 2.7%
Maintenance 12,557,900 12,812,900 11,686,742 1,126,158 8.8% Subtotal 14,311,100 14,566,100 13,392,228 1,173,872 8.1% Community Services
Administration 1,039,900 1,039,900 966,770 73,130 7.0%
Parks and Recreation 3,509,400 3,534,400 3,497,059 37,341 1.1% Library & Cultural Services 2,210,800 2,210,800 1,801,563 409,237 18.5% Family & Human Services 2,236,200 2,236,200 2,072,150 164,050 7.3% Subtotal 8,996,300 9,021,300 8,337,542 683,758 7.6%
Overhead Recovery * (2,148,000) (2,148,000) (2,206,791) 58,791 2.7% Total Operating Expenditures $ 75,199,500 $ 76,673,167 $ 70,942,880 $ 5,730,287 7.5% * In the budget document, overhead recovery is included within the Finance & Admin. Services Dept.

Other Sources and Uses
Original Budget Adjusted
Type FY 2022-23 Budget Actual $ %
Vehicle Acquisitions/Replacements - - 3,145,272 (3,145,272) 0.0% Interfund Transfers 2,800,000 2,800,000 2,800,000 - 0.0% Non-Recurring 1,875,900 2,527,100 1,367,011 1,160,089 45.9% Total Vehicles/Transfers/Non-Recurring $ 4,675,900 $ 5,327,100 $ 7,312,283 $ (1,985,183) -37.3% Total Before One-Time Sources/Other $ 2,507,300 $ 3,381,833 $ 24,820,062 $ 21,438,229 -633.9% Available Balance After One-Time Sources $ 2,507,300 $ 3,381,833 $ 24,820,062 $ 21,438,229 633.9% Net Increase in Available Fund Balance $ 2,507,300 $ 3,381,833 $ 24,820,062 $ 21,438,229 633.9% Variance: Actual vs. Final
Favorable / (Unfavorable)
Variance: Actual vs. Final
Favorable / (Unfavorable)
Variance: Actual vs. Final
Favorable / (Unfavorable)
Water Fund - FY 2022-23 Budget to Actual Summary ATTACHMENT E Revenues
Original Budget Adjusted
Type FY 2022-23 Budget Actual $ %
Metered Water Sales $ 16,900,000 $ 16,900,000 $ 15,270,066 $ (1,629,934) -9.6% Interest 55,000 55,000 200,481 145,481 264.5%
Other 11,100 11,100 64,803 53,703 483.8%
Total Revenues 16,966,100 16,966,100 15,535,350 (1,430,750) -8.4% Expenditures (Operating Departments)
Original Budget Adjusted
Department/Activity FY 2022-23 Budget Actual $ %
Administration $ 1,577,900 $ 1,577,900 $ 1,510,002 $ 67,898 4.3% Purchases 8,131,500 8,131,500 6,471,303 1,660,197 20.4% Billing and Collection 1,525,200 1,525,200 1,381,275 143,925 9.4% Backflow 393,600 393,600 380,847 12,753 3.2%
Distribution System Maintenance 1,795,300 1,795,300 1,723,716 71,584 4.0% Production Facilities Maintenance 1,234,200 1,234,200 1,055,406 178,794 14.5% Debt Service 493,600 493,600 313,568 180,032 36.5%
Interfund Transfers 1,376,300 1,376,300 1,794,664 (418,364) -30.4% Total Operating Expenditures $ 16,527,600 $ 16,527,600 $ 14,630,781 $ 1,896,819 11.5% Available Before One-Time Transfer $ 438,500 $ 438,500 $ 904,569 $ 466,069 106.3% Transfer to Water CIP 438,500 438,500 438,500 $ 2,387,687 544.5% Net Increase in Available Fund Balance $ - $ - $ 466,069 $ 466,069 NA Variance: Actual vs. Final
Favorable / (Unfavorable)
Variance: Actual vs. Final
Favorable / (Unfavorable)
ITEM # 6

CITY OF SANTA FE SPRINGS

CITY COUNCIL AGENDA STAFF REPORT
TO: Honorable Mayor and City Council Members

FROM: René Bobadilla, P.E., City Manager

BY: Wayne M. Morrell, Director of Planning
James Enriquez, Director of Public Works

SUBJECT: BUILDING PLAN CHECK AND INSPECTION SERVICES – AWARD OF CONTRACT TO TRANSTECH ENGINEERING, INC.

DATE: February 6, 2024
RECOMMENDATION(S):

It is recommended that the City Council:
1) Accept the proposal from and award a contract to Transtech Engineering, Inc. (Transtech) for Building Plan Check and Inspection Services; and 2) Take such additional, related action that may be desirable.

FISCAL IMPACT
The annual cost of the contract with Transtech Engineering, Inc. will be recovered from a portion of the fees charged for plan check and building permit issuance. The remainder of the fees will be used to pay for the City’s staffing and administrative costs to manage the Building & Safety Department and program.

The negotiated fee to be paid for the services to Transtech is structured as follows:
 Plan Check Services: 60% of fees collected ($0 to $250,000 monthly fees collected); 57% ($250,001 to $350,000); and 52% ($350,001 and above)  Staff Augmentation: Billed at the hourly rates listed in the Schedule of Hourly Rates (Exhibit B of the Agreement). The level of staffing can be adjusted to meet trends in workload and will be monitored at a minimum quarterly to ensure the fees collected is covering consultant costs and City costs combined. Staff augmentation CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 06, 2024

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includes office staffing, inspections and other special assignments related to the Building and Safety Department.

BACKGROUND
The City Council, at their meeting of November 7, 2023, authorized the Director of Planning to advertise a Request for Proposals (RFP) for Building Plan Check and Inspection Services. On November 8, 2023, the RFP was posted on the City’s website and sent electronically to qualified firms that provide building plan check and inspection services. The original deadline for submitting proposals was December 8, 2023. The deadline for submitting proposals was subsequently extended to December 12, 2024.

The City received proposals from the following eight firms:

Company City I Location

1. 4Leaf, Inc. 5140 Birch Street, 2nd Floor, Newport Beach, CA 92660

2. Bureau Veritas 600 North Rosemead Blvd., Suite 233, Pasadena, CA 91107

3. CSG Consultants, Inc. 3707 West Garden Grove Blvd., Suite 100, Orange CA 92868

4. VCA Code 1845 West Orangewood Ave., Suite 210 Orange CA 92868

5. WC3 2124 South El Camino Real, Suite 201, Oceanside, CA 92054

6. TRB+Associates 4182 North Viking Way, Suite 204, Long Beach, CA 90808

7. JLee Associates 430 South Ave., Suite 301, Alhambra, CA 91801

8. Transtech Engineering, Inc. 13367 Benson Ave., Chino, CA 91710

The eight proposals were evaluated based on several criteria, including understanding of the scope of work to be performed, consultant’s methods and procedures to be used, management, personnel and experiences, consultant’s consultation and coordination with City and cost estimates. Four of the eight firms (4Leaf, Inc., Bureau Veritas, CSG Consultants, Inc., and Transtech Engineering, Inc.) were selected to participate in the interview process. The initial evaluation team consisted of four staff members from the City of Santa Fe Springs’ Planning and Public Works Departments.

The interview process with the four selected firms was in person and held on January 11, 2024 at the City Town Center Hall. The interview panel consisted of five staff members from the City Manager’s Office and the Planning and Public Works Departments as well as one guest from the Santa Fe Springs business community. The firms were evaluated based on their responses to the following questions/topics:

1. Their approach for a plan to transition from Los Angeles County services.

2. Staffing plan (on site and/or remote) based on available information regarding the City's Building & Safety workload and current staffing levels.

3. Resources available to handle expedited plan reviews, extraordinary peaks in workload, and the review of large or complex projects.

4. Experience with plan review, permitting and inspection for projects involving active and abandoned oil wells (with the associated contamination potential) and within methane hazard zones.

CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 06, 2024

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5. The firm's experience and resources available for plan review, permitting and inspection of all aspects of private construction projects including, but not limited to: 1) Building plan check; 2) Grading and drainage; 3) Low Impact Development/BMPs; 4) Utility improvements; 5) Off-site roadway right-of-way improvements; and 6) Subdivision/parcel maps and related documents.

6. The firm's experience with building code updates and interpretations.

7. The firm's experience with implementing paperless plan checking.

Interview Scores
Name of Firm
Bureau Veritas CSG Consultants 4Leaf Transtech Eng.

Total Score: 453 353 521 563

LEGAL REVIEW
The City Attorney’s office has reviewed the Professional Services Agreement.

ANALYSIS
After almost seven decades of the City exclusively contracting with the County for plan check and inspection services, the City, through an RFP process is replacing the County with a private firm. The transition to a contracted service is recommended to increase local control of these services in order to ensure excellent customer service and flexibility in processing applications for residential and commercial building permits and ensuring the efficiency of the process. Contracted services also provide flexibility to adjust resources to meet the ebb and flow of the unpredictable volume of permit applications.

Through this RFP process, the City has selected Transtech Engineering, Inc., a firm that the City believes has a proven track record in providing plan check and inspection services that are customer-service focused, modern, flexible and efficient. The recommended Agreement is for an initial term of three years with two one-year renewal options.

ENVIRONMENTAL
N/A
DISCUSSION:

N/A

SUMMARY/NEXT STEPS
CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 06, 2024

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Upon approval of the City Council of the recommended actions, it is anticipated that the transition from the County to Transtech will take approximately thirty days. This is mainly due to Transtech having facilitated several transactions for local agencies of their building and safety operations from other service providers, including the County.

Notwithstanding, it is anticipated that there will be some overlap, because the City’s contract with the County ends June 30, 2024.

ATTACHMENT(S)

1. Attachment A – Professional Services Agreement
ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:

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CITY OF SANTA FE SPRINGS

PROFESSIONAL SERVICES AGREEMENT
WITH
TRANSTECH ENGINEERS, INC.

This Professional Services Agreement (“Agreement”) is made and effective as of February 7, 2024 (“Effective Date”), by and between the City of Santa Fe Springs, a California municipal corporation, (“City”) and Transtech Engineers, Inc., a California corporation (“Consultant”). In consideration of the mutual covenants and conditions set forth herein, the parties agree as follows:

1. TERM
This Agreement shall commence on the Effective Date and shall remain and continue in effect for a term of three years, unless sooner terminated pursuant to the provisions of this Agreement. The term may be extended for up to two additional one-year periods by an amendment to this Agreement signed by both parties.

2. SERVICES
Consultant shall perform the services described and set forth in the Consultant’s Proposal, attached hereto as Exhibit A incorporated herein as though set forth in full (“Services”). To the extent that Exhibit A contains provisions inconsistent with this Agreement, the provisions of this Agreement shall govern. The amount of Services shall be as set forth in writing to the Consultant by the Director of Public Works or designee, and acknowledged in writing by the Consultant, and may be amended from time to time without amendment to this Agreement.

3. PERFORMANCE
Consultant shall at all times faithfully, competently and to the best of Consultant’s ability, experience, and talent, perform all tasks described herein. Consultant shall employ, at a minimum, generally accepted standards and practices utilized by persons engaged in providing similar services as are required of Consultant under this Agreement.

4. CITY MANAGEMENT
The City Manager or designee shall represent the City in all matters pertaining to the administration of this Agreement, including review and approval of all products submitted by Consultant.

5. PAYMENT
A. City agrees to pay Consultant monthly, in accordance with the payment rates and terms and the schedule of payment as set forth in Exhibit B, attached hereto and REV012024 Page 2 of 16 Transtech Engineers, Inc.
incorporated herein by this reference as though set forth in full, based upon actual time spent on the above tasks.

B. Consultant shall not be compensated for any services rendered in connection with its performance of this Agreement which are in addition to those set forth herein, unless such additional services are authorized in advance and in writing by the City Manager or designee. Consultant shall be compensated for any additional services in the amounts and in the manner as agreed to in writing by the City and Consultant at the time the City’s written authorization is given to Consultant for the performance of said services.

C. Consultant will submit invoices monthly for actual Services performed. Consultant agrees to participate in the City’s Electronic Funds Transfer program and to receive electronic payments for the Services. Payment shall be made within thirty (30) days of receipt of each invoice as to all non-disputed fees. If the City disputes any of Consultant's Services or fees, it shall give written notice to Consultant within thirty (30) days of receipt of an invoice of any disputed fees set forth on the invoice. Any final payment under this Agreement shall be made within forty-five (45) days of receipt of an invoice therefor.

6. TERMINATION OF AGREEMENT WITHOUT CAUSE
A. The City may at any time, for any reason, without cause, suspend or terminate this Agreement, or any portion hereof, by serving upon Consultant at least ten (10) days’ prior written notice. Upon receipt of said notice, Consultant shall immediately cease all Services under this Agreement, unless the notice provides otherwise. If the City suspends or terminates a portion of this Agreement, such suspension or termination shall not make void or invalidate the remainder of this Agreement.

B. In the event this Agreement is terminated pursuant to this section, the City shall pay to Consultant the actual value of the Services performed up to the time of termination, unless the City disputes any of the Services performed or fees. Upon termination of the Agreement pursuant to this section, Consultant will submit an invoice to the City pursuant to Section 5.

7. DEFAULT OF CONSULTANT
If the City determines that Consultant is in default in the performance of any of the terms or conditions of this Agreement, the City shall serve Consultant a written notice of the default. Consultant shall have seven (7) days after service of said notice to cure the default. In the event that Consultant fails to cure the default within such period of time or fails to present the City with a written plan for the diligent cure of default if such default cannot be cured within seven days, the City shall have the right, notwithstanding any other provision of this Agreement, to terminate this Agreement without further notice and without prejudice to any other remedy to which it may be entitled at law, in equity or under this Agreement. Consultant shall be responsible for costs incurred by the City REV012024 Page 3 of 16 Transtech Engineers, Inc.
due to Consultant’s failure to comply with this section. The City shall have the right to offset against the amount of any fees due to Consultant any costs incurred by the City as a result of Consultant’s default.

8. OWNERSHIP OF DOCUMENTS
A. Consultant shall maintain complete and accurate records with respect to tasks, costs, expenses, receipts, and other such information required by the City that relate to the performance of Services under this Agreement. Consultant shall maintain adequate records of Services provided in sufficient detail to permit an evaluation of Services. All such records shall be maintained in accordance with generally accepted accounting principles and shall be clearly identified and readily accessible. Consultant shall provide free access to the representatives of the City or its designees at reasonable times to such books and records; shall give the City the right to examine and audit said books and records; shall permit the City to make transcripts or copies therefrom as necessary; and shall allow inspection of all Services, data, documents, proceedings, and activities related to this Agreement. Such records, together with supporting documents, shall be maintained for a period of three (3) years after receipt of final payment.

B. Upon completion of, or in the event of termination or suspension of this Agreement, all original documents, designs, drawings, maps, models, computer files, surveys, notes, and other documents prepared in the course of providing the Services shall become the sole property of the City and may be used, reused, or otherwise disposed of by the City without the permission of Consultant. With respect to computer files, Consultant shall make available to the City, at the Consultant's office and upon reasonable written request by the City, the necessary computer software and hardware for purposes of accessing, compiling, transferring, copying and/or printing computer files. Consultant hereby grants to the City all right, title, and interest, including any copyright, in and to the documents, designs, drawings, maps, models, computer files, surveys, notes, and other documents prepared by Consultant in the course of providing the Services under this Agreement.

9. INDEMNIFICATION AND DEFENSE
To the fullest extent permitted by law, Consultant shall indemnify, defend, and hold harmless the City and any and all of its officials, employees, agents, and volunteers (“Indemnified Parties”), at Consultant’s sole expense, from and against any and all claims, losses, liabilities, damages, costs, and expenses, including attorney’s fees and costs, to the extent they arise out of, pertain to, or relate to the negligence, recklessness, or willful misconduct of Consultant. Consultant’s duty to defend shall consist of reimbursement of defense costs incurred by the City in direct proportion to the Consultant’s proportionate percentage of fault.

Consultant’s percentage of fault, for both indemnity and defense, shall be determined, as applicable, by a court of law, jury, or arbitrator. In the event any loss, liability, or damage is incurred by way of settlement or resolution without a REV012024 Page 4 of 16 Transtech Engineers, Inc.
court, jury or arbitrator having made a determination of the Consultant’s percentage of fault, and the parties cannot mutually agree on Consultant’s percentage of fault, the parties agree to mediation with a neutral third-party to determine the Consultant’s proportionate percentage of fault for purposes of determining the amount of indemnity and defense cost reimbursement owed to City.

10. INSURANCE
Consultant shall maintain prior to the beginning of and for the duration of this Agreement insurance coverage as specified in Exhibit C attached hereto and made a part of this Agreement.

11. INDEPENDENT CONTRACTOR
A. Consultant is and shall at all times remain as to the City a wholly independent consultant and/or independent contractor. The personnel performing the services under this Agreement on behalf of Consultant shall at all times be under Consultant's exclusive direction and control. Neither the City nor any of its officers, employees, or agents shall have control over the conduct of Consultant or any of Consultant's officers, employees, or agents, except as set forth in this Agreement.

Consultant shall not at any time or in any manner represent that Consultant or any of Consultant’s officers, employees, or agents are in any manner officers, employees, or agents of the City. Consultant shall not incur or have the power to incur any debt, obligation, or liability whatever against the City, or bind the City in any manner.

B. No employee benefits shall be available to Consultant in connection with the performance of this Agreement. Except for the fees paid to Consultant as provided in the Agreement, the City shall not pay salaries, wages, or other compensation to Consultant for performing services hereunder for the City. The City shall not be liable for compensation or indemnification to Consultant for injury or sickness arising out of performing services hereunder. Consultant shall secure, at its sole expense, and be responsible for any and all payment of Income Tax, Social Security, State Disability Insurance Compensation, Unemployment Compensation, and other payroll deductions for Consultant and its officers, agents, and employees, and all business licenses, if any are required, in connection with the services to be performed hereunder. Consultant shall indemnify and hold the City harmless from any and all taxes, assessments, penalties, and interest asserted against the City by reason of the independent contractor relationship created by this Agreement. Consultant further agrees to indemnify and hold the City harmless from any failure of Consultant to comply with the applicable worker’s compensation laws. The City shall have the right to offset against the amount of any fees due to Consultant under this Agreement as a result of Consultant’s failure to promptly pay to the City any reimbursement or indemnification arising under this paragraph.

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C. In the event that Consultant or any employee, agent, or subconsultant of Consultant providing Services under this Agreement claims or is determined by a court of competent jurisdiction or the California Public Employees Retirement System (CalPERS) to be eligible for enrollment in CalPERS as an employee of the City, Consultant shall indemnify, defend, and hold harmless the City for the payment of any employee and/or employer contributions for CalPERS benefits on behalf of Consultant or its employees, agents, or subconsultants, as well as for the payment of any penalties and interest on such contributions, which would otherwise be the responsibility of the City.

D. Notwithstanding any other agency, state or federal policy, rule, regulation, law or ordinance to the contrary, Consultant and any of its employees, agents, and subconsultants providing service under this Agreement shall not qualify for or become entitled to, and hereby agree to waive any claims to, any compensation, benefit, or any incident of employment by the City, including but not limited to eligibility to enroll in CalPERS as an employee of the City and entitlement to any contribution to be paid by City for employer contribution and/or employee contributions for CalPERS benefits.

12. LEGAL RESPONSIBILITIES
Consultant shall keep itself informed of State and Federal laws and regulations which in any manner affect those employed by it or in any way affect the performance of Services pursuant to this Agreement. Consultant shall at all times observe and comply with all such laws and regulations. The City and its officials, officers, employees, and agents, shall not be liable at law or in equity occasioned by failure of Consultant to comply with this Section.

13. UNDUE INFLUENCE
Consultant declares and warrants that no undue influence or pressure was used against or in concert with any officer or employee of the City in connection with the award, terms or implementation of this Agreement, including any method of coercion, confidential financial arrangement, or financial inducement. No officer or employee of the City has or will receive compensation, directly or indirectly, from Consultant, or from any officer, employee or agent of Consultant, in connection with this Agreement or any Services to be conducted as a result of this Agreement. Violation of this section shall be a material breach of this Agreement entitling the City to any and all remedies at law or in equity.

14. NO BENEFIT TO ARISE TO CITY EMPLOYEES
No member, officer, or employee of the City, or their designees or agents, and no public official who exercises authority over or responsibilities with respect to the Services during his/her tenure or for one year thereafter, shall have any interest, direct or indirect, in any Agreement or sub-agreement, or the proceeds thereof, for Services to be performed under this Agreement.

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15. RELEASE OF INFORMATION/CONFLICTS OF INTEREST
A. All information gained by Consultant in performance of this Agreement shall be considered confidential and shall not be released by Consultant without the City's prior written authorization, unless the information is clearly public. Consultant, its officers, employees, agents, or subconsultants, shall not without written authorization from the City Manager or designee, or unless requested by the City’s attorney, voluntarily provide declarations, letters of support, testimony at depositions, response to interrogatories, or other information concerning the Services performed under this Agreement or relating to the City. Response to a subpoena or court order shall not be considered “voluntary” provided Consultant gives the City notice of such court order or subpoena.

B. Consultant shall promptly notify the City should Consultant, its officers, employees, agents, and/or subconsultants be served with any summons, complaint, notice of deposition, request for documents, interrogatories, request for admissions, or other discovery request (“Discovery”), court order, or subpoena from any person or party regarding this Agreement and the Services performed hereunder or with respect to any project or property located within the City, unless the City is a party to any lawsuit, arbitration, or administrative proceeding connected to such Discovery, or unless Consultant is prohibited by law from informing the City of such Discovery. The City retains the right, but has no obligation, to represent Consultant and/or be present at any deposition, hearing, or similar proceeding as allowed by law. Unless the City is a party to the lawsuit, arbitration, or administrative proceeding and is adverse to Consultant in such proceeding, Consultant agrees to cooperate fully with the City and to provide the opportunity to review any response to discovery requests provided by Consultant.

However, the City's right to review any such response does not imply or mean the right by the City to control, direct, or rewrite said response, or that the City has an obligation to review any such response or verifies any response it has reviewed.

16. NOTICES
Any notices which either party may desire to give to the other party under this Agreement must be in writing and may be given either by (i) personal service, (ii) delivery by a reputable document delivery service, such as but not limited to, Federal Express, which provides a receipt showing date and time of delivery, or (iii) mail by the United States Postal Service, certified mail, postage prepaid, return receipt requested, addressed to the address of the party as set forth below or at any other address as that party may later designate by notice:

To the City: City of Santa Fe Springs
11710 E. Telegraph Road
Santa Fe Springs, CA 90670
Attention: Public Works Director

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To Consultant: Transtech Engineers, Inc.
13637 Benson Avenue
Chino, CA 91710
Attention: Ayla Jefferson, CBO

17. ASSIGNMENT
Consultant shall not assign the performance of this Agreement, nor any part thereof, nor any monies due hereunder, without prior written consent of the City. Before retaining or contracting with any subconsultant for any services under this Agreement, Consultant shall provide the City with the identity of the proposed subconsultant, a copy of the proposed written contract between Consultant and such subconsultant which shall include and indemnity provision similar to the one provided herein and identifying the City as an indemnified party, or an incorporation of the indemnity provision provided herein, and proof that such proposed subconsultant carries insurance at least equal to that required by this Agreement or obtain a written waiver from the City for such insurance.

18. LICENSES
At all times during the term of this Agreement, Consultant shall have in full force and effect all licenses required of it by law for the performance of the Services described in this Agreement.

19. GOVERNING LAW
The City and Consultant understand and agree that the laws of the State of California shall govern the rights, obligations, duties, and liabilities of the parties to this Agreement and also govern the interpretation of this Agreement. Any litigation concerning this Agreement shall take place in the municipal, superior, or federal district court with jurisdiction over the City.

20. ENTIRE AGREEMENT
This Agreement contains the entire understanding between the parties relating to the obligations of the parties described in this Agreement. All prior or contemporaneous agreements, understandings, representations, and statements, oral or written and pertaining to the subject of this Agreement or with respect to the terms and conditions of this Agreement shall be of no further force or effect. Each party is entering into this Agreement based solely upon the representations set forth herein and upon each party’s own independent investigation of any and all facts such party deems material.

21. AMENDMENTS
Any amendments to this Agreement must be in writing and executed by the parties hereto, or their respective successors and assigns, in order to be valid.

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22. NON-EXCLUSIVE AGREEMENT
Consultant acknowledges that the City may enter into agreements with other consultants for services similar to the services that are subject to this Agreement or may have its own employees perform services similar to those services contemplated by this Agreement.

23. ATTORNEYS’ FEES
In the event that litigation is brought by any party in connection with this Agreement, the prevailing party shall be entitled to recover from the opposing party all costs and expenses, including reasonable attorneys’ fees, incurred by the prevailing party in the exercise of any of its rights or remedies hereunder or the enforcement of any of the terms, conditions, or provisions hereof.

24. CONSTRUCTION
The parties hereto have participated jointly in the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises with respect to this Agreement, this Agreement shall be construed as if drafted jointly by the parties and in accordance with its fair meaning. There shall be no presumption or burden of proof favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Agreement.

25. WAIVER
The delay or failure of any party at any time to require performance or compliance by the other of any of its obligations or agreements shall in no way be deemed a waiver of those rights to require such performance or compliance. No waiver of any provision of this Agreement shall be effective unless in writing and signed by a duly authorized representative of the party against whom enforcement of a waiver is sought. The waiver of any right or remedy in respect to any occurrence or event shall not be deemed a waiver of any right or remedy in respect to any other occurrence or event, nor shall any waiver constitute a continuing waiver.

26. SEVERABILITY
If any provision of this Agreement is determined by a court of competent jurisdiction to be unenforceable in any circumstance, such determination shall not affect the validity or enforceability of the remaining terms and provisions hereof or of the offending provision in any other circumstance. Notwithstanding the foregoing, if the value of this Agreement, based upon the substantial benefit of the bargain for any party, is materially impaired, which determination made by the presiding court or arbitrator of competent jurisdiction shall be binding, then both parties agree to substitute such provision(s) through good faith negotiations.

REV012024 Page 9 of 16 Transtech Engineers, Inc.

27. COUNTERPARTS
This Agreement may be executed in one or more counterparts, each of which shall be deemed an original. All counterparts shall be construed together and shall constitute one agreement.

28. AUTHORITY TO EXECUTE THIS AGREEMENT
The persons executing this Agreement on behalf of the parties warrants and represents that they have the authority to execute this Agreement on behalf of said parties and has the authority to bind the parties to the provisions of this Agreement.

29. ELECTRONIC SIGNATURES
The parties acknowledge and agree that execution of this Agreement by electronic signatures or electronic transmittal of signatures are the same as handwritten signatures for the purposes of validity, enforceability, and admissibility.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed the day and year first above written.
[If Consultant is a corporation, two signatures are required: Signature 1 – the Chairperson of the Board, the President, or any Vice President; Signature 2 – the Secretary, any Assistant Secretary, the Chief Financial Officer, or any Assistant Treasurer (Corp. Code § 313).]

CITY OF SANTA FE SPRINGS CONSULTANT
____________________________ ____________________________ Jay Sarno, Mayor Name: ______________________
Title: _______________________
Date: ______________________ Date: _______________________ ATTEST: CONSULTANT
_____________________________ ____________________________ Fernando Muñoz, Deputy City Clerk Name: ______________________ Title: _______________________
Date: _______________________
APPROVED AS TO FORM:
_________________________
Ivy M. Tsai, City Attorney
REV012024 Page 10 of 16 Transtech Engineers, Inc.

Attachments: Exhibit A Consultant’s Proposal
Exhibit B Fee Schedule
Exhibit C Insurance Requirements

EXHIBIT A
CONSULTANT’S PROPOSAL

Submitted To
City of SANTA FE SPRINGS
Planning Department
11710 Telegraph Road
Santa Fe Springs, CA 90670
Attn: Wayne M. Morrell
Director of Planning
S u b m i t t e d B y
TRANSTECH Engineers, Inc.

Contact Person for this Proposal:

Ayla Jefferson, CBO
Principal Building Official
E: [email protected]; C: 909-851-5765
www.transtech.org
855.595.2495 (toll-free)
Submittal requirements:
• Due Date: 5:00 p.m. December 12, 2023
(per 12-5-23 Email from City, submittal date extended
from 12-8-23 to 12-12-23)
• 1 Original, 3 Copies, 1 pdf electronic on thumb drive Technical Proposal

BUILDING

PLAN CHECK &

INSPECTION

SERVICES
Exhibit A
Consultant's Proposal
www.transtech.org
855.595.2495 (toll-free)
About Transtech Video Highlight:

CLICK HERE
Cover Letter / Executive Summary
December 12, 2023
(per 12-5-23 Email from City, submittal date extended
from 12-8-23 to 12-12-23)
City of SANTA FE SPRINGS
Planning Department
11710 Telegraph Road
Santa Fe Springs, CA 90670
Attn: Wayne M. Morrell, Director of Planning
Proposal, BUILDING PLAN CHECK & INSPECTION SERVICES
Dear Mr. Morrell:

Transtech is pleased to submit this Proposal for the subject services. This Cover Letter provides an executive summary of our proposal and qualifications. As required, we limited the Cover Letter / Executive Summary to 5 pages.

Company Profile:

Established in 1989, Transtech (a California Corporation) is a multi-disciplinary engineering consulting firm.

Transtech has been in business for over 34 years and provides municipal services to approximately 75 public agencies.

Our multi-disciplinary service capabilities include:
• Building & Safety Services, Building Official, Building Inspection, Plan Check, Building Code Enforcement
• Civil Engineering
• Staff Augmentation
• CIP Program Management
• Construction Management and Inspection
• Federally Funded Project Management
• Grant Writing
• CDBG Project Management
• City Engineer, City Traffic Engineer, Development
Review, Public Works Engineering, Plan Check,
Inspection
• Labor Compliance
• Planning Support
• Traffic and Transportation Planning and Eng
• Water Resources Engineering
• Surveying, Mapping, ALTA, Right-of-way Eng
• Emergency, Support Services
One of the unique qualifications of Transtech is that we serve public agencies as municipal contract service providers. We serve as Building Official, Building Plans Examiner, Building Inspector, Permit Technician, Building Code Enforcement, City Engineer, City Traffic Engineer, Map/Plan Checker, Public Works/Permit Inspector, CIP Manager, Construction Manager, Construction Inspector, Designer, Federally Funded Project Manager and in other capacities for a number of public agencies.

Building and Safety Services:
✓ Transtech is currently providing municipal services to over 75 public agencies, Including Building and Safety Services to several agencies.

Transtech’s Plan Check and Inspection Capacity in numbers:
• We maintain and manage electronic plan submittal portals for over 25 cities. • In 2023, we processed and reviewed approximately 11,000 projects with 76,000 documents and performed approximately 52,000 inspections.

December 8, 2023
City of SANTA FE SPRINGS
Planning Department
ATTN: Wayne M. Morrell, Director of Planning

Page 2 of 5 ends

Cover Letter / Executive Summary
Proposal, BUILDING PLAN CHECK & INSPECTION SERVICES
Innovative and Advanced Technology:

Transtech has integrated many technological assets into its services to provide the most efficient and costeffective service possible. We provide fully automated electronic plan submittal, plan checking, and tracking. We provide this on our company portal, as well as offer same portal access to our client cities on their web sites.

Electronic Plan Check:

Transtech provides all Electronic Plan Check. Please click here for a sample of our electronic plan check portal at one of our contract Cities. We offer electronic plan check submittal portal to our client cities at no additional cost.

Virtual Counter:

We offer virtual meetings with plan checkers. Please click here to explore the virtual plan check counter appointment calendar for one of the Cities,
Transtech’s unique “Customer Care” approach in delivering Building and Safety Services in an efficient, costeffective, and timely manner:
• Transtech is well known in providing Cost Effective Services on time with a customer friendly and responsive approach. Our services are founded on the principles of Total Quality Management for Total Customer Care.
• We start by working with the applicant early on and during plan review to help them prepare a set of plans which have all of the required information clearly and logically presented. • Additionally, we never hesitate to make suggestions which help eliminate complicated details, reduce construction costs, and/or provide details which are easy to verify in the field. Experience has taught us well that inspection time and applicant frustration can both be substantially reduced, while increasing overall compliance, by producing a better set of plans during the plan review process. And in the case of homeowners, this policy often demonstrates early on that the City really is truly a partner in a process that can often be a source of stress and tension for many applicants, and we fully understand that. • This policy reduces the number of plan review rechecks required, allows the applicant to obtain a permit much sooner, and reduces the overall time our staff is required to spend on that particular plan. • Our policy is to assist the architect, engineer, designer, applicant, etc. as much as possible, which helps eliminate complicated details, reduce construction costs, and/or provide details which are easy to verify in the field.
• All telephone calls or e-mails received are returned within the same working day, or the following day. We take pride in our “Same Day Response” motto.
• Responsiveness is an integral part of Transtech’s “customer friendly” service approach. • We will strive to enhance the City’s image by public trust to be the most desirable community to live, invest and conduct business.

Quick Turn Around Time and Expedited Services / Expedited/Off-Business Hours/Weekend Services:

Transtech will provide plan checks on a quick turn-around schedule. Transtech also provides expedited service when requested. If the City receives a request from applicants for expedited plan check services, Transtech staff will provide additional resources to accommodate such a request. If the City requests inspection services, Transtech staff will provide additional resources to accommodate inspection requests during off business hours and weekends.

December 8, 2023
City of SANTA FE SPRINGS
Planning Department
ATTN: Wayne M. Morrell, Director of Planning

Page 3 of 5 ends

Cover Letter / Executive Summary
Proposal, BUILDING PLAN CHECK & INSPECTION SERVICES
Our staff members are involved in many local and national International Code Council (ICC) and California Building Officials (CALBO) committees, and are involved in the development of local and national guidelines and codes for Building and Safety:
• Chair; ICC Sustainability Membership Council
• Chair; ICC LA Basin Chapter Inspection Committee
• Commissioner; ICC Codes & Standards Council
• Commissioner; CALBO Green Committee
• Commissioner; ICC/CALBO CA Exam Committee
• Commissioner; CALBO Outreach/Communications
Committee
• ICC Los Angeles Basin Chapter Board of Directors
• ICC Building Officials Membership Governing Council
• ICC Code Development Committee Vice Chair
• ICC Technology/Web Advisory Group
• IAS Accreditation Committee
• ICC LA Chapter Accessibility Committee
• Commissioner; CALBO State Licensing Boards Committee
Service Transition:

Transtech has facilitated several transitions for local agencies of their building and safety operations from other services providers. We do not see a need for an extensive overlapping work period with the current service provider. Our staff has done similar transitions before and can handle any open issues remaining from the current service provider. The “overlapping work period” would only increase the City’s cost on staff time.

Our expectation is to review the project files and address status of current/open plan checks, projects, and priority issues for transition.

Initial Service Analysis:

If selected by the City, within approximately 30 days of contract approval, Transtech will complete a thorough review of existing City policies, ordinances, and conditions pertaining to relevant services, and perform an operational, service and quality assessment, and efficiency review. Based on this review, we will provide recommendations for improvements in service quality, efficiency, and effectiveness. We will develop an implementation process and timetable and present a report to the City for review and consideration.

Performance Standards and Monitoring:

Transtech will also develop and provide to the City monitoring information that shows achievement of the performance standards, and that personnel are providing helpful and courteous service to customers. The monitoring may include, but is not limited to, customer feedback through written questionnaires, interviews, and observations at the building counter and during building permit inspections and statistical reports.

Readily Available Staff:

Transtech has a large pool of well experienced staff and resources readily available to provide requested services, and respond to requests in a timely, efficient, and cost-effective manner. Our staff and resources include approximately 200, including building officials, plan checkers, inspectors, permit technicians, engineers, project managers, designers, plan checkers, inspectors, construction managers, traffic and transportation analysts, technicians, support personnel.

Training Program:

We offer any City staff, who are involved in inspection, plan check and permit issuance, an option to participate in our training program for code updates and process, as well as ICC certification training.

December 8, 2023
City of SANTA FE SPRINGS
Planning Department
ATTN: Wayne M. Morrell, Director of Planning

Page 4 of 5 ends

Cover Letter / Executive Summary
Proposal, BUILDING PLAN CHECK & INSPECTION SERVICES
Employment Opportunities for Local Residents:

If the City selects Transtech, we will seek applicants from local residents for employment possibilities at our firm and offer training for various administrative and technical support positions.

Community Involvement:

We are proud to support civic and community activities, which demonstrates our commitment to the progress, health, and well-being of the communities we serve. In services and partnership with our client cities, we have a proven record of active engagement in City and Community events, programs, causes, and initiatives. Our goal is not just to serve as an engineering consultant which is what we are best at, but activity partnering with our clients, to further enhance the City’s reputation as an ideal community to live, invest, work, and play in. The Transtech Team is very passionate about giving back, especially through youth empowerment and workshops to encourage middle school and high school students to pursue higher education and to get involved in STEM related fields, like engineering. Several of our team members have been involved in various organizations and spoke at countless events to encourage the youth and young women in particular to pursue Engineering in both their academic and career paths. We are proud to have founded an annual Transtech Engineers Scholarship Program awarded during the fall semester to Cal Poly Pomona students. The scholarship awards five students each based on their GPA and grade level. We partnered with Cal Poly Pomona to start this annual scholarship with the Civil Engineering Program at the university. Following are some of the CBE programs we have been proud to be part of:
✓ Embracing Latina Leadership Alliances (ELLAS)
✓ STEM Workshop at The Annual Geranium Festival & Artwork ✓ Cal Poly Pomona's Transtech Engineers Scholarship Program ✓ High School Enlistee Recognition Ceremony Through “Our Community Salutes” ✓ Girls Leadership & Mentoring (GLAM) Workshop at Magnolia Science Academy ✓ STEM Workshop at The Annual Geranium Festival & Artwork Experience in working in Communities with Spanish speaking residents:

Transtech provides services to various communities with Spanish speaking residents. We have several staff members who speak Spanish.

We believe our team is well qualified to perform the services requested:

We have extensive experience working with Public Agencies in similar assignments. We are accustomed to working with governmental agencies, and have a good understanding of public agency issues, procedures, and policies.
✓ Successfully providing similar services to many agencies for over 33 years. ✓ Proven track record in on time and within budget project delivery. ✓ Multi-disciplinary engineering consulting service capabilities to provide an array of municipal services. ✓ Ability to work collaboratively with agencies, project applicants, and other stake holders, and communicate effectively with diverse audiences and stakeholders at public forums. ✓ Committed to producing a high-quality work product and deliver a high level of customer care. ✓ Commitment of principal level management and involvement throughout the contract duration. ✓ Well experienced in-house staff readily available to commence with the services upon City’s authorization.

December 8, 2023
City of SANTA FE SPRINGS
Planning Department
ATTN: Wayne M. Morrell, Director of Planning

Page 5 of 5 ends

Cover Letter / Executive Summary
Proposal, BUILDING PLAN CHECK & INSPECTION SERVICES
Transtech shares the City’s commitment and strive on delivering a top-quality customer experience to the communities we serve through innovation and responsiveness, with integrity, flexibility, and professionalism.

We strive to push the envelope beyond bureaucracy who think outside the box and who provide excellent customer service.

Thank you for the opportunity to submit this proposal.

Should you have any questions, or require additional information, please contact us.

Sincerely
Ayla Jefferson, CBO, CSP, Principal Building Official Dennis Tarango, CBO, CSP, Principal Building Official E: [email protected] E: [email protected] C: 909-851-5765, O: 909-595-8599 C: 909-821-7117, O: 909-595-8599 Transtech reviewed City’s responses to questions issued on 11/15/23 and 11/27/23.

Request for Proposal-Questions and Answers
Updated 11/15/2023
Updated 11/27/2023
Transtech also received 12-5-23 Email from City extending the proposal submittal date extending from 12-8-23 to 12-12-23 Table of Contents

BUILDING PLAN CHECK & INSPECTION SERVICES
Our proposal is submitted in the format specified in RFP Section titled “VII. REQUIRED FORMAT FOR RFP SUBMITTAL”
Section Page
Section 1: Approach and Scope of Work 1 – 11

1.1 Project Understanding 1

1.2 Scope of Work 3

1.3 Service Approach 6
Section 2: Project Team, Key Personnel and Resumes 12 – 20

2.1 Project Organization Chart 12

2.2 Building and Safety Staff Qualifications 13

2.2.a LICENSES 13

2.2.b INVOLVEMENT IN INT. CODE COUNCIL (ICC) AND CA BUILDING OFFICIALS (CALBO) COMMITTEES 14

2.2.c RESUMES 14
Section 3: Transitioning of Work 21 – 21
Section 4: References 22 – 29
Section 5: Firm Qualifications 30 – 36

5.1 Company Qualifications 30

5.2 Examples of Building and Safety Projects 34
Section 6: Legal 37 – 37
Appendix: Insurance 38 – 38
Technical Proposal 1

BUILDING PLAN CHECK & INSPECTION SERVICES
Section 1: Approach and Scope of Work

1.1 Project Understanding
The City of Santa Fe Springs ("City") is soliciting proposals from qualified firms to provide building plan check and inspection services.

The City is committed to providing the most efficient and timely customer service possible to meet the needs of the community. The selected firm(s) will be expected to provide excellent front-line customer service to the City's residents, businesses, and visitors by responding quickly and effectively to walk- ins and telephone and electronic inquiries of the public related to services. The selected firm(s) may also be required to develop, establish or recommend City policies and procedures to maintain or improve City's Building and Safety operations. The selected firm(s) will be expected to work closely with all City departments and ensure that appropriate requirements of those departments are incorporated in the standards and processes.

Transtech Comment:
• Transtech is well known in providing Cost Effective Services on time with a customer friendly and responsive approach. Our services are founded on the principles of Total Quality Management for Total Customer Care. • All telephone calls or e-mails received are returned within the same working day, or the following day. We take pride in our “Same Day Response” motto.
• Responsiveness is an integral part of Transtech’s “customer friendly” service approach. • We will strive to enhance the City’s image by public trust to be the most desirable community to live, invest and conduct business.

Historically, the City has contracted with Los Angeles County for comprehensive building plan check and inspection services. Pursuant to the terms of the agreement, the City provides an office area, within the Planning Department at City Hall to the County for its administration of the functions of the Building and Safety Division.

The computers used for plan checks are County issued and there is no connectivity between the County's computers and the City's computers. Mechanical, Electrical, Plumbing (MEP), and Grading plan checks are done at the County's main office in the City of Alhambra. For The Building and Safety Division has two part-time plan check engineers and a full-time building inspector.

The engineers use Bluebeam for plan checks. On Wednesdays, a building inspector assists with inspections.

City staff, consisting of a Building Permit Technician 11, and a Planning Program Assistant, supplemented by an Administrative Assistant, is responsible for the issuance of permits and the processing and collecting of all plan check and inspection fees. The City is in the process of hiring a Building Permit Technician I and a Building Permit Technician II.

Permit Viewer:

Applicants can view open permits or research permits that have been issued commencing from September 2009 to present, for properties located within the City, by visiting: http://dpw.lacounty.gov/bsd/bpv/. For permits issued prior to September 2009 a visit to the Building Department, during public counter hours, is necessary.

Counter Hours:

The Building Department public counter is open between 7:30 a.m. to 11:30 a.m. and 2:00 p.m. to 4:30 p.m.

Mondays through Thursdays. City Hall is closed every Friday. The Plan Check Engineers are available during the counter hours of 8:30 a.m. - 11:30 a.m. The building inspector is available from 7:30 - 8:30 a.m. to answer questions; thereafter, he is out in the field conducting inspections. After his inspections, he returns to the office to do paperwork in preparation for the next day. The building inspector conducts inspections on Fridays, although City Hall is closed. Plan checks also occurs remotely, on Fridays.

Technical Proposal 2

BUILDING PLAN CHECK & INSPECTION SERVICES
Building Plan Check Submittal Process:

Similar to other cities, COVID-19 dramatically impacted the City's plan check submittal process. Prior to COVID-19, the majority of plan checks were in person and paper plans were the norm. Since COVID-19, the City has migrated to a digital plan check submittal process, though there is the occasional paper submittal.

It is important to note that other City departments, including the Fire Department, has not yet instituted an electronic plan check process.

The following explains the City's plan check process:
• Digital plan check submittal packages format: Applicant submits a building permit application, both sides completed, with full description of scope of work and valuation specified, in a single PDF file. • The single pdf file shall include both architectural and structural sheets. The sheets shall be in order, in a horizontal direction, right side up, and the file "unlocked and unsecured". • If deemed necessary by the Project Planner or the Plan Check Engineer, a separate single pdf file of the Electrical, Mechanical, and Plumbing plans, may be required. • If deemed necessary by the Plan Check Engineer, an unlocked single pdf copy of the structural calculations, energy calculations, and soils reports, cutsheets, ICC or City of LA research reports, product information sheet etc., maybe required.
• PDF files shall be clearly named (labeled) (i.e., 11710 Telegraph Road-rack calculations). Any incomplete submittal packages not following directions shall not be accepted for screening and may cause further delays. All submittal packages may be sent via "Dropbox", "WeTransfer", or by emailing attachments that contain all the requested material or any other approved similar means. Multiple emails, I-clouds, or Google drive are not acceptable means.

Transtech Comment:
• Transtech has integrated many technological assets into its services to provide the most efficient and costeffective service possible. We provide fully automated electronic plan submittal, plan checking, and tracking. We provide this on our company portal, as well as offer same portal access to our client cities on their web sites. • Please click here for a sample of our electronic plan check portal at one of our contract Cities. We offer electronic plan check submittal portal to our client cities at no additional cost. • Please click here to explore the virtual plan check counter appointment calendar for one of the Cities,

PLAN REVIEW-PLANNING DEPARTMENT REVIEW

1. A digital copy of the proposed plans (plan may also be submitted via Box.com) is submitted, via e-mail to: [email protected].

2. Within 2-3 business days, a project planner from the Planning Department will be assigned to review the architectural plans for compliance with the City's Zoning Ordinance.

3. The project planner will either provide the applicant with corrections or authorize the plans for submittal to the Building Department for plan check. If corrections are required, the applicant will need to revise the plans prior to submittal for Building Plan check. The typical turnaround for Planning review is 1-2 weeks.

4. Revisions must be resubmitted by e-mail. For rechecks, the revised plan check package, the original marked plan check package, and all corrections list must be resubmitted digitally.

5. Before the plans are approved or otherwise authorized for plan check submittal by Planning, the applicant will need to provide the project planner with a completed building permit application.

6. Once the project planner has confirmed that the architectural plans comply with all applicable Zoning Ordinance requirements, the project planner will then forward the proposed plans and completed building permit application to the Building Department for their review.

PLAN REVIEW-BUILDING DEPARTMENT REVIEW

1. The Building Plan Check Engineer reviews the plan check package for completeness.

2. Once the plan check package is deemed complete, building staff will process the application(s) and contact the applicant to obtain payment. Once payment is received, the applicant will be provided with Technical Proposal 3

BUILDING PLAN CHECK & INSPECTION SERVICES
an agency referral sheet, which advises the applicant on what other agency clearances are required prior to the issuance of any permits. If corrections are required, the Plan Check Engineer will contact the applicant via e-mail.

3. If deemed necessary by the Building Department, additional plans must be submitted to various agencies, including the Department of Fire-Rescue at 11300 Greenstone Avenue, for Fire Plan check.

4. Revisions must be resubmitted by e-mail. For rechecks, the revised plan check package, the original marked plan check package, and all correction lists must be resubmitted digitally.

5. Once all comments and corrections issued by the Building Department have been satisfied, the Building Department will provide their respective approval. If Planning has not already provided their approval on the plans, the project planner will provide an approval stamp following Building Department approval.

6. Once all required approvals have been obtained from the various departments and agencies, Building Department staff will contact the applicant to make arrangements for pulling permits. Once permits are issued, construction may begin.

7. The Building Inspector inspects the construction progress until project completion.

Transtech Comment:
• We start by working with the applicant early on and during plan review to help them prepare a set of plans which have all of the required information clearly and logically presented. • Additionally, we never hesitate to make suggestions which help eliminate complicated details, reduce construction costs, and/or provide details which are easy to verify in the field. Experience has taught us well that inspection time and applicant frustration can both be substantially reduced, while increasing overall compliance, by producing a better set of plans during the plan review process. And in the case of homeowners, this policy often demonstrates early on that the City really is truly a partner in a process that can often be a source of stress and tension for many applicants, and we fully understand that. • This policy reduces the number of plan review rechecks required, allows the applicant to obtain a permit much sooner, and reduces the overall time our staff is required to spend on that particular plan. • Transtech provides all plan check comments on electronic files. All plan check comments are provided on pdf format electronically, as well as hard copies. Plan review corrections are written clearly and are fully detailed to explain the Code deficiency.
• To help the applicant better understand the problem, Transtech provides as much information during plan review as possible. We believe that if the applicant has a clear understanding of the problem, he or she can take the necessary steps to correct the condition. This policy reduces the number of plan review rechecks required, allows the applicant to obtain a permit much sooner, and reduces the overall time our staff is required to spend on that particular plan. Unclear and/or cryptic corrections are never written, and all correction lists, except those written over the counter, are typed and printed on a laser printer. • Our plan checkers confer early on and respond to questions from the architect, engineer, designer, applicant, etc. When requested, our plan checkers also meet with the architect, engineer, designer, applicant, etc. at our offices to answer questions or for rechecks where the plan corrections. • Our policy is to assist the architect, engineer, designer, applicant, etc. as much as possible, which helps eliminate complicated details, reduce construction costs, and/or provide details which are easy to verify in the field.

1.2 Scope of Work
The following is an outline of the anticipated scope of services to be provided:
a. Serve as City's Contract Building Official, and provide necessary staffing for Plan Check, Inspection, and Building/Code Enforcement.
b. Review plans and specifications relating to grading, drainage, electrical, * plumbing, mechanical, energy conservation**, access compliance, green building standards, and BMPs*** to confirm compliance with applicable Codes and amendments adopted by the City. * NOTE: Because most of the City is within a Methane Zone, familiarity with Chapter 5 of the LA County Electrical Code, Class I, Division 1 and 2; Class 11, Divisions 1 and 2; and Class II, Divisions 1 and 2, is imperative.

Transtech Comment:
• Transtech is familiar with the subject codes. Several Cities where Transtech serves as Building Department Technical Proposal 4

BUILDING PLAN CHECK & INSPECTION SERVICES
have similar conditions (to name a few: Commerce, Carson, Monterey Park, Montebello) ** NOTE: Familiarity with the Home Energy Rating System (HERS) process is imperative.

Transtech Comment:
• Transtech is familiar with the subject rating system. All Cities where Transtech serves as Building Department have similar HERS process.
*** NOTE: Familiarity with Best Management Practices (BMPs) is imperative, including inspections of grading sites before and after a rain event to ensure erosion plans are in place and working.

Transtech Comment:
• Transtech is familiar with BMPs and provide site erosion control inspections, and provides these services to several agencies as part of its Building and Safety Contracts. c. Manage the building inspection function related to grading*, structural, plumbing, electrical and mechanical standards, and other building site issues, ensuring compliance with all applicable codes and regulations.
* NOTE: Pre-grading meetings are required.
d. Review submitted plans for planning or zoning review prior to the plan check process. This may include conceptual or preliminary plans, architectural plans, site plans, and preliminary grading plans. e. Respond to and resolve inquiries from the public and contractors regarding complaints, codes and other issues with projects, virtually, over the phone, at the counter and via emails. f. Monitor trends, legislation, and standard practices and advise the City on appropriate codes, policies, procedures, and practices to adopt.
g. Prepare and process updates to the building code and related codes every three years or as otherwise required. Prepare ordinances, staff reports, and related supporting documents and attend public meetings.
h. Assist City staff with data gathering and preparation of reports as required by State law, including, but not limited to reports for the Los Angeles County Congestion Management Program, Low Impact Development, AB 1881, and the state Department of Housing and Community Development. i. Implement and maintain awareness of other City codes that overlap with building and safety, including but not limited to property maintenance and zoning codes. j. Prepare, implement, and enforce policies and procedures. Provide recommendations and assist with implementation of new procedures as required in response to new legislation (e.g., accessory dwelling units, online solar system and electric vehicle charger permits). k. Review proposed grading, drainage, and improvement plans for private development. l. Inspect onsite sewer mains, storm drains, driveways, and other facilities under construction. m. Recommend conditions of approval for proposed development projects. n. Enforce compliance with building and safety codes, including housing codes and ordinances in existing buildings, and arrange reviews and coordinate enforcement by other agencies or City staff as necessary.
o. Oversee final inspection for construction projects at completion for issuance of certificate of occupancy.
p. Implement and administer permit-tracking system, building inspection records maintenance, and plans status. Prepare monthly and annually reports on service activities. q. Make presentations to the City Council, commissions and other groups; explain division policies to the public, developers and builders.
r. Advise the City Manager and Director of Planning, and other division heads on building services activities.
s. Prepare building and safety code violations cases for submittal to the City Attorney's office and testify as an expert witness in court cases involving property maintenance issues and code violation issues.
t. Investigate residential, commercial, and industrial Code violations, by inspecting sites, meeting with owners/tenants to verify accuracy of complaints, and determining corrective actions to be taken.

Technical Proposal 5

BUILDING PLAN CHECK & INSPECTION SERVICES
u. In the event of a local, regional or national emergency of disaster, personnel shall be accessible, available and prepared to provide Building and Safety services as directed by the City, including reporting to the City's Emergency Operations Center.
v. Personnel shall also be available for inspections during after-hours emergency situations. w. Make determination on the approval and use of alternative materials and methods of construction.
x. Issue Certificates of Occupancy for building and structures. y. During inspections or when requested by the City, issue stop/correct work notices, or notices of violation when violations of the Codes occur.
z. Input daily inspection information into a permit tracking system that is accessible to City staff. aa. Enforce conditions of approval associated with discretionary permits regarding building and safety regulations, as adopted by the City.
bb. Coordinate building permit requirements and interface with other agencies and City Departments, including but not limited to Public Works, Planning, and Fire. This also includes Building Division review, comments and provision of "conditions of approval" for site plans and building plans as part of discretionary planning applications.
cc. Monitor and track the status of building permit applications and plan checks for expiration and develop a process to notify applicants prior to the expiration of their building permits. dd. Keep daily logs of building permit and inspection activities. Submit monthly, quarterly and annual reports of Consultant's activities to the city. The reports shall include, but not be limited to, the fees collected, the staffing levels provided, the staff hours expended, the number of permits issued, the number of inspections (by type) made, and other financial, operational, and statistical information pertinent to the Building Plan Check and Inspection services process. ee. Establish, maintain and update all forms in compliance with City requirements, regulations, adopted standards, State or other laws and ordinances necessary for the operation of the Building Division, including "hand-out" sheets which explain building permit application processing procedures identified as being provided by the City.
ff. Provide a chart/matrix, showing standard turn-around times for various plan checks (residential, commercial, industrial, rechecks), expedited/Fast track turn- around times, and building inspections. gg. Provide the latest Building Valuation Data from the International Code Council or other similar agency to be used to determine permit fees. If a Permit Fee Multiplier is used, indicate the amount or percentage. A Valuation table is required.
hh. Provide a system to assign addresses to new buildings and a method to notify the postal service or other agencies of the new addresses.
ii. Institute a process to notify utility companies to release meters.

Once aconsultant(s)isselected, the City and theselected consultant(s) will jointly review the most efficient and effective service approach and establish staffing level and needs, and number of days and hours for the Building Official Staff to be at City for over the counter plan check and public service, and meetings and interaction with City staff and departments. The number of hours for Building Official Staff presence at the City Hall may fluctuate based upon work load and number ofdevelopment applications submitted to the City.

Also, the Building Official Staff shall be available at other times for scheduled meetings at City offices and for telephone or written (generally by e-mail) responses to questions from City staff or from the public upon referral from City staff.

Transtech Comment:
• Initial Service Analysis: If selected by the City, within approximately 30 days of contract approval, Transtech will complete a thorough review of existing City policies, ordinances, and conditions pertaining to relevant services, and perform an operational, service and quality assessment, and efficiency review. Based on this review, we will provide recommendations for improvements in service quality, efficiency, and effectiveness. We will develop an implementation process and timetable and present a report to the City for review and consideration. • Performance Standards and Monitoring: Transtech will also develop and provide to the City monitoring information that shows achievement of the performance standards, and that personnel are providing helpful and courteous service to customers. The monitoring may include, but is not limited to, customer feedback through written Technical Proposal 6

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questionnaires, interviews, and observations at the building counter and during building permit inspections and statistical reports.

1.3 Service Approach
Transtech’s unique “Customer Care” approach in delivering Building and Safety Services in an efficient, costeffective, and timely manner:
✓ Transtech is well known in providing Cost Effective Services on time with a customer friendly and responsive approach.
✓ Our services are founded on the principles of Total Quality Management for Total Customer Care. ✓ We have a structured approach to execute projects in an efficient manner that makes Transtech capable of providing the City with the highest quality product. Transtech has established guidelines and policies, including written manuals on quality control, project management, and design procedures for its staff and for its contract cities. These guidelines ensure a consistent approach to the execution of assignments undertaken by our organization in compliance with City’s specific procedures, standards, and requirements.
✓ We start by working with the applicant early on and during plan review to help them prepare a set of plans which have all of the required information clearly and logically presented. ✓ Additionally, we never hesitate to make suggestions which help eliminate complicated details, reduce construction costs, and/or provide details which are easy to verify in the field. Experience has taught us well that inspection time and applicant frustration can both be substantially reduced, while increasing overall compliance, by producing a better set of plans during the plan review process. And in the case of homeowners, this policy often demonstrates early on that the City really is truly a partner in a process that can often be a source of stress and tension for many applicants, and we fully understand that. ✓ This policy reduces the number of plan review rechecks required, allows the applicant to obtain a permit much sooner, and reduces the overall time our staff is required to spend on that particular plan. ✓ Transtech provides all plan check comments on electronic files. All plan check comments are provided on pdf format electronically, as well as hard copies. Plan review corrections are written clearly and are fully detailed to explain the Code deficiency.
✓ To help the applicant better understand the problem, Transtech provides as much information during plan review as possible. We believe that if the applicant has a clear understanding of the problem, he or she can take the necessary steps to correct the condition. This policy reduces the number of plan review rechecks required, allows the applicant to obtain a permit much sooner, and reduces the overall time our staff is required to spend on that particular plan. Unclear and/or cryptic corrections are never written, and all correction lists, except those written over the counter, are typed and printed on a laser printer. ✓ Our plan checkers confer early on and respond to questions from the architect, engineer, designer, applicant, etc. When requested, our plan checkers also meet with the architect, engineer, designer, applicant, etc. at our offices to answer questions or for rechecks where the plan corrections. ✓ Our policy is to assist the architect, engineer, designer, applicant, etc. as much as possible, which helps eliminate complicated details, reduce construction costs, and/or provide details which are easy to verify in the field.
✓ All telephone calls or e-mails received are returned within the same working day, or the following day.

We take pride in our “Same Day Response” motto.
✓ Responsiveness is an integral part of Transtech’s “customer friendly” service approach. ✓ We will strive to enhance the City’s image by public trust to be the most desirable community to live, invest and conduct business.
✓ Customer Care means highest quality customer service. Transtech is committed to providing “Customer Technical Proposal 7

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Care” to the City, City's patrons, responding quickly and effectively to the walk-in, telephone, and electronic inquiries of the public related to our services.

Transtech has completed several similar service transitions:
✓ Transtech will assume immediately the plan review services. Transtech has transitioned building and safety/plan review services from multiple constants and from Los Angeles County. ✓ Transtech will review the city webpage, handouts and update all appropriate materials.

Electronic Plan Check and Virtual Meeting Calendar set-up:

Transtech has integrated many technological assets into its services to provide most efficient and costeffective service. We provide fully automated electronic plan submittal, checking and tracking. We provide this on our company portal, as well as offer same portal to our client cities on their web sites.

Virtual Counter:

We offer virtual meetings with plan checkers. Please click here to explore the virtual plan check counter appointment calendar for one of the Cities,
Below is a mock sample of how Electronic Plan Check and Virtual Counter Portals may look like:

Electronic Plan Check:

Following are sample snap shots of various types of electronic plan checks.

Building & Safety Department
Appointments
Welcome to the City of

SANTA FE SPRINGS BUILDING DEPARTMENT

ONE STOP BUILDING PERMIT CENTER
Plans Accepted for Review:

NOTE: Your project must be approved and cleared by the Building Division Permit Counter to be submitted via this portal.

To Begin Using Online Plan Submittal Portal:

Prior to following the below steps, please download the QUICK START GUIDE.

1. Create a user account, link is available at the right-hand side of this page.

2. Sign into the portal.

3. Select “Projects” on the left side of the screen, then click to (+) sign at the bottom right side of the page to add your project.

4. Fill out the New Project Information and Contacts.

5. Upload your plans and required supporting documents in PDF format. Please push to the attachments side the supporting documents by using the arrows next to the document.

6. Once you have the plan set on the plans section (left side of the page) and the supporting documents on the attachment section (right side of the page) you may click on "process" and then click on "submit".

Projects not successfully been submitted; the status will remain as “CREATED”. • Grading
• Mechanical
• Plumbing
• Solar
• Building
• Electrical
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Plan Check Processing:

When a plan check order is received, it is logged and reviewed by Building Staff and then assigned to applicable plan checkers. The plan check duration is monitored thru the plan check log data base, which generates messages at identified intervals to inform plan checker and supervising Sr. Staff so that they are aware of how the progress and status continuously. If any potential delay is monitored, necessary steps are taken, such as meeting with plan checker to review the schedule, workload, performance, and identify actions, including assigning additional staff, if necessary, to ensure timely completion of assignment.

Plan Check Coordination:
• Our plan checkers respond to questions from the architect, engineer, designer, applicant, etc. When requested, our plan checkers also meet with the architect, engineer, designer, applicant, etc. at our offices to answer questions or for rechecks.
• Our policy is to assist the architect, engineer, designer, applicant, etc. as much as possible, which helps eliminate complicated details, reduce construction costs, and/or provide details which are easy to verify in the field. This pro-active approach reduces inspection time and questions, and applicant frustration, while increasing overall compliance, by producing a better set of plans during plan review process.

Especially, when the applicant is a homeowner trying to improve his/her property, this policy often demonstrates early on that the City really is here to help.

Approach to Meeting with Applicants:

Our staff is available to applicants by phone and through email or through virtual meeting for questions or available to meet for rechecks if necessary. Our policy is to meet with applicants virtually via TEAMS or ZOOM but we also have an available facility at our office meetings with applicants.

Expedited/Off-Business Hours/Weekend Services:

If the City receives a request from applicants for expedited plan check services, Transtech staff is able to provide additional resources to accommodate such a request. If the City requests inspection services, Transtech staff will provide additional resources to accommodate inspection requests during off business hours and weekends.

Emergency Response:

In the event of a local or regional emergency or disaster, our staff will be accessible to the extent feasible based on the conditions and circumstances. All of our building officials and inspectors have gone through extensive training to be SAP Evaluator and registered with the State of California Safety Assessment Program.

Plan Check Turnaround
Transtech will provide plan checks on a quick turn-around schedule. Applicant will be able to see online on real time the progress of plan check submittals.

Service –Plan Check Average Timeframe for Delivery
Residential additions, minor plan checks, Tenant Improvements 5 to 10 business days Subsequent & resubmitted plan checks; new single-family house; and, simple tenant improvements for non-residential buildings 5 to 10 business days
Major plan checks such as multi-family residential, commercial and other non-residential projects
10 to 15 business days
Special Projects such as mixed uses and complex projects typically with valuation over $3,000,000
15 business days to 25 business days
depending on size and complexity of
the project
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Section 2: Project Team, Key Personnel and Resumes

2.1 Project Organization Chart

DENNIS TARANGO, CBO, CSP
Principal Building Official
Director of Building & Safety Services
and Engineering Plan Review Services
ICC Certified Building Official,
Plans Examiner and Inspector

AYLA JEFFERSON, CBO, CSP
Principal Building Official
Director of Building & Safety Services
and Engineering Plan Review Services
ICC Certified Building Official,
Plans Examiner and Inspector
BILL DORMAN, CBO, CSP, ICC Certified Building Official, Plans Examiner, Inspector MICHAEL ROBERTS, CBO, MCP, ICC Certified Building Official, Plans Examiner, Inspector ROBERT HERNANDEZ, ICC Certified Plans Examiner, Inspector JASON ROBBINS, CBO, CSP, ICC Certified Building Official, Plans Examiner, Inspector CEM AYAN, PE, ICC Certified Plans Examiner, Inspector
JEFFREY KAO, PE, CBO, CASp, ICC Certified Building Official, Plans Examiner, Inspector CALVIN CHANG, PE, ICC Certified Plans Examiner
JONATHAN TARANGO, ICC Certified Building Inspector, CALGreen Inspector/Plans Examiner, Permit Technician JOHN TUFAN, ICC Certified Permit Technician, CalGreen Inspector/Plans Examiner GREGORY AHERN, ICC Certified Inspector, ICC Certified Fire Inspector FRANKIE LOPEZ, ICC Certified Building Inspector
JEREMY REED, ICC Certified Building Inspector, Permit Technician NICHOLAS TARANGO, ICC Certified Building Inspector, Permit Technician CAN GOZUBUYUK, ICC Certified Inspector
STEVE RIVAS, ICC Certified Building Inspector, Permit Technician JULIE ROBBINS, ICC Certified Permit Technician
AMY CHAN, ICC Certified Permit Technician
NATHAN ESTABROOK, ICC Certified Building Inspector, Permit Technician DAVID RAGLAND, PE, PLS, QSD, QSP, Sr. Engineer, Map and Engineering Plan Check MICHAEL ACKERMAN, PE, QSD, QSP, QISP, Sr. Engineer, Map and Engineering Plan Check Subconsultants:

SOILS REPORT REVIEW SUPPORT: GEO-ADVANTEC, INC. (www.geoadvantec.com) LANDSCAPE PLAN REVIEW SUPPORT: WITHERS & SANDGREN, LTD. www.withersandsandgren.com) Readily available large of pool of staff:

Our staff and resources include approximately 200 staff, we have a readily available large of pool of staff with diversified and extensive expertise in requested services and will be able to respond to service requests and mobilize our resources quickly.

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2.2 Building and Safety Staff Qualifications

2.2.a LICENSES
Our staff members are certified by the International Code Council (ICC). We have staff who have reached the highest possible level of code administration with the Master Code Professional designation certification from the ICC. In addition, some of our staff members are certified as Fire Plan Checkers and Inspectors, as we provide these services to some agencies.

Following are various ICC certifications held by various staff members:

Building Official Certifications:
✓ Certified Master Code
Professional
✓ Building Code Official
✓ Building Official
Plan Check Certifications:
✓ Residential Building Plans
Examiner
✓ Commercial Building Plans
Examiner
✓ California Building Plans
Examiner
✓ Certified Sustainability
Professional
✓ CalGreen Plans Examiner
✓ Accessibility Plans Examiner
✓ Commercial Energy
Conservation Plans Examiner
✓ Residential Plans Examiner
✓ Mechanical Plans Examiner
✓ Plumbing Plans Examiner
✓ Electrical Plans Examiner
State of California Safety
Assessment Program:
✓ CalOES SAP Evaluator
Inspection Certifications:
✓ Combination Inspector
✓ Commercial Building Inspector
✓ Residential Building Inspector
✓ Accessibility Inspector
✓ Commercial Energy Conservation
Inspector
✓ Electrical Inspector
✓ Commercial Electrical Inspector
✓ Residential Electrical Inspector
✓ Residential Energy Conservation
Inspector
✓ Residential Building Inspector
✓ Residential Mechanical Inspector
✓ Mechanical Inspector
✓ Commercial Mechanical Inspector
✓ Plumbing Inspector
✓ CalGreen Inspector
✓ Building Inspector CBC
✓ Building Inspector UBC
✓ Plumbing Inspector UPC
✓ California Building Inspector
✓ California Commercial Plumbing
Inspector
✓ California Residential Mechanical
Inspector
✓ California Residential Mechanical
Inspector
Additional Inspection Certifications:
✓ IAPMO Plumbing, Mechanical
Inspector
✓ Fire Code Inspector
✓ Fire Inspector II
✓ California UST Inspector
Permit Technician Certification:
✓ Permit Technician
CACEO Certified Code Enforcement
Officer
California State Fire Marshall
Certifications: Certified EMT1 (AED
Certification), Driver Operator 1A,
Driver Operator 1B, Driver Operator,
Command 1A, 1B, 2A, Firefighter 1, 2,
Hazardous Materials First Responder,
Instructor 1A, 1B, Investigation, 1A,
Management, 1, Prevention, 1A, 1B,
1C, 1D, 2A, 3A,3B, ICS 100, 200, S-290,
S-130, S-190, PC832 with Firearms. Fire
control 3, S-230 S-231 S-215, Fire Safety
Officer
FEMA: IS 100, 200, 241, 242, 275, 700,
288, 800, 08-A, 1900
✓ In addition, some of our staff members are certified as Fire Plan Checkers and Inspectors, as we provide these services to some agencies.

Several of our engineers are licensed as professional engineers in various engineering disciplines by the State of California BPELSG (Board for Professional Engineers, Land Surveyors, and Geologists) Technical Proposal 14

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2.2.b INVOLVEMENT IN INT. CODE COUNCIL (ICC) AND CA BUILDING OFFICIALS (CALBO) COMMITTEES Our staff members are involved in many local and national International Code Council (ICC) and California Building Officials (CALBO) committees, and are involved in the development of local and national guidelines and codes for Building and Safety:
• Chair; ICC Sustainability Membership Council
• Chair; ICC LA Basin Chapter Inspection Committee
• Commissioner; ICC Codes & Standards Council
• Commissioner; CALBO Green Committee
• Commissioner; ICC/CALBO CA Exam Committee
• Commissioner; CALBO Outreach/Communications
Committee
• ICC Los Angeles Basin Chapter Board of Directors
• ICC Building Officials Membership Governing Council
• ICC Code Development Committee Vice Chair
• ICC Technology/Web Advisory Group
• IAS Accreditation Committee
• ICC LA Chapter Accessibility Committee
• Commissioner; CALBO State Licensing Boards Committee

2.2.c RESUMES
AYLA JEFFERSON, CBO, CSP, Principal Building & Safety Official, ICC Certified Building Official, Plans Examiner and Inspector
Education
• Rio Hondo College, CE, Bosphorous Univ, Turkey, Athanee Royal, Belgium Registrations/Certifications
• ICC Certifications: Building Code Official, Certified Building Official, Certified Sustainability Professional, Accessibility Inspector, Accessibility Plans Examiner, Building Plans Examiner, California Building Plans Examiner, CalGreen Plans Examiner and Inspector, Building Inspector CBC, Building Inspector UBC, Plumbing Inspector UPC, California Commercial Plumbing Inspector, Residential Mechanical Inspector, California Residential Mechanical Inspector, Permit Technician • IAPMO Plumbing, Mechanical Inspector
Highlights
Ms. Jefferson has over 25 years of experience in private and governmental sector. She has extensive experience in managing building and safety departments of different municipalities under Transtech contracts. She has served as Building Official, Deputy Building Official, Plan Checker, Code Enforcement Official, Community Improvement Coordinator, Planning Technician, and Inspector for various municipalities.

DENNIS TARANGO, CBO, CSP, Principal Building & Safety Official, ICC Certified Building Official, Plans Examiner and Inspector
Education
• Cal Poly, Engineering
• Fresno State BA
• Rio Hondo College
Registrations/Certifications
• ICC Certified Building Official, Plans Examiner, Commercial Building Inspector, Building Inspector UBC, Fire Plans Examiner
Highlights
• ICC Sustainability Membership Council Governing Committee Mr. Tarango has over 20 years of experience in building and safety. He is experienced in managing building and safety departments of different municipalities. Currently he is serving as Building Official for Transtech Contract Cities. At Transtech, Mr. Tarango is responsible for the Building and Safety Division as well as business development, client relations, and management oversight. With his analytical and strategic management skills, he provides strong leadership and develops staff to enhance the Departments abilities. Prior to working for Transtech, Mr. Tarango served as Deputy Building Official, Plans Examiner, and Senior Building Inspector for various local cities including the City of Diamond Bar, City of Yorba Linda, and City of Hemet.

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BILL DORMAN, CBO, CSP, ICC Certified Building Official, Plans Examiner, Inspector Education
• AS, Architecture - East Los Angeles College; BA, University of La Verne Registrations/Certifications
• ICC Certified Building Official, Plans Examiner, Building Inspector Highlights
Mr. Dorman has over 30 years of experience in Building and Safety. He serves as Building Official/Plan Checker/Inspector at various Transtech contract cities. He has extensive experience in construction codes, building and safety plan review and inspection, code interpretations, and resolving code related construction and plan review problems on a broad range of projects. Prior to joining Transtech, he has served in various capacities, including as Building Official/Code Administrator for the City of Pasadena.

MICHAEL ROBERTS, CBO, MCP, ICC Certified Building Official, Plans Examiner and Inspector Education
• Associate of Applied Science, Building Inspection Technology – Chemeketa Community College, Salem Oregon
• Fire Code Administration, National Fire Academy – Emmitsburg, Maryland Registrations/Certifications
• ICC Certified Master Code Professional, Building Code Official, Building Official, Plumbing Inspector, Combination Inspector, Commercial Building Inspector, Accessibility Plans Examiner / Inspector, Commercial Energy Conservation Plans Examiner, Commercial Energy Conservation Inspector, Electrical Inspector, Commercial Electrical Inspector, Residential Electrical Inspector, Residential Energy Conservation Inspector, Residential Building Inspector, Residential Mechanical Inspector, Residential Plans Examiner, Mechanical Inspector, Commercial Mechanical Inspector, Fire Code Inspector, Fire Inspector II
• ICBO Certified Structural Inspector, Plumbing Inspector, Mechanical Inspector, Building Plans Examiner, Fire Code Official
Highlights
Mr. Roberts has over 30 years of experience in municipalities, including governmental development administration. He has reached the highest possible level of code administration with the Master Code Professional designation certification from the International Code Council and has proven superior leadership abilities. He has served as Building Official, Community Development Director, Senior Plans Examiner, Plans/Residential Examiner, and Inspector for various municipalities and served as Principal Consultant. Serving as a Building Official for many years, Mr. Roberts provided the necessary code interpretations, and coordinated with agency staff and departments, and applicants on building and safety related issues. He has vast knowledge of municipal government operations, including preparation and presentation of staff reports and resolutions to city councils, committees, and related interaction with members of the public, other city departments, and other governmental agencies.

JASON ROBBINS, CBO, CSP, ICC Certified Building Official, Plans Examiner, Inspector Education • A.A. and A.S. Degrees; Cal State LA, Computer Science (In Progress) Registrations/Certifications
• ICC Certified Building Inspector, Commercial Building Inspector, Res. Combo, Building, Electrical, Mechanical, Plumbing Inspector, Permit Technician
Highlights
Mr. Robbins has over 8 years of experience working in governmental environments. He is assigned to various Transtech Contract Cities. He has served as Permit Technician and as Building Inspector under Transtech’s contract cities, including at the City of Alhambra, City of South Pasadena, City of Temple City, City of Montebello, and City of Seal Beach. Mr. Robbins also has experience working alongside Los Angeles County Staff at City of Commerce as a Permit Technician.

ROBERT HERNANDEZ, ICC Certified Plans Examiner and Inspector Education
• Coastline College, Electrical and mech code classes; Fullerton College, Building construction cod.

Registrations/Certifications
• ICC Certified Plans Examiner, Inspector-Res Building, Commercial, Res Plumbing, Commercial Plumbing Highlights
Mr. Hernandez has over 30 years of experience and has served as Inspector and Plan Checker. His prior Technical Proposal 16

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experience includes working for various cities as inspector and plan checker.

CEM AYAN, PE, ICC Certified Plans Examiner and Inspector Education
• M.S., B.S. in Civil Engineering
Registrations/Certifications
• Registered Civil Engineer
• ICC Certified Plans Examiner, Inspector
Highlights
• Experience includes working as Structural Design Engineer.

Mr. Ayan has approximately 20 years of experience in engineering and construction. He works at various Transtech Contract Cities as Plan Checker and Deputy Building Official. His experience also includes both working for a construction company as construction engineer and for consulting firms design firms as design/field construction engineer. His field construction experience includes site start-up, site grading/paving/concrete work, excavation, backfill, vertical survey, storm & wastewater collection, shallow/deep foundation, structural work, M&E, brick work, gable/hip/flat roof, interior/exterior architectural finish, and CM/PM activities.

JEFFREY KAO, PE, CBO, CASp, ICC Certified Building Official, Plans Examiner and Inspector Education
• MS, BS Civil Engineering, Cal Poly
Registrations/Certifications
• Registered Civil Engineer; CASp
• ICC Certified Building Official, California Building Plans Examiner, CalGreen Inspector, CalGreen Plans Examiner, Mechanical Plans Examiner, Plumbing Plans Examiner, Building Inspector Highlights
Mr. Kao has over 20 years of experience and has been working at Transtech as Deputy Building Official, Senior Plans Examiner, On-Site Over the Counter Plans Examiner and performed plan checks for a variety of residential and commercial projects in Cities of Alhambra, South Pasadena, and Temple City. Mr. Kao has broad knowledge of building and safety operations, including working in the capacity of Deputy Building Official and Plans Examiner. His past experience includes working as a structural engineer for 4 years at a structural design firm.

CALVIN CHANG, PE, ICC Certified Plans Examiner
Education
• MS, BS Civil Engineering
Registrations/Certifications
• Registered Civil Engineer
• ICC Certified Plans Examiner
Highlights
• Chinese Cantonese and Mandarin Speaker
• Extensive experience in Structural Plan Check
Mr. Chang has 30 years of experience and has been working at Transtech as Deputy Building Official, Senior Plans Examiner, On-Site Over the Counter Plans Examiner. He has performed plan checks for a variety of residential and commercial projects in Cities of Alhambra, Temple City, Huntington Park, San Manuel Indian Reservation and San Bernardino. Prior to joining Transtech, he was a Sr. Plans Examiner at the City of Burbank. Mr. Chang has extensive experience in Building Codes, code interpretations and resolving code related construction and plan check problems on a broad range of residential and commercial projects.

JONATHAN TARANGO, ICC Certified Building Inspector, CALGreen Inspector/Plans Examiner, Permit Technician Education
• Construction Management, Fullerton College; General Education, Mount San Antonio College Registrations/Certifications
• ICC Residential Building Inspector, Residential Plumbing Inspector, & Residential Electrical Inspector Highlights
Mr. Tarango has over 6 years of City government experience working in many diverse communities. His experience includes working as a Building Inspector and Permit Technician at various Transtech contract Technical Proposal 17

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cities.

JOHN TUFAN, ICC Permit Technician, CalGreen Inspector/Plans Examiner Education
• BA Public Administration
• University of Redlands MA in Management
Registrations/Certifications
• ICC Permit Technician
Highlights
Mr. Tufan has been working in Transtech’s Building and Safety Department and performing various clerical and technical duties in support of Building Inspection, Plan Checkers and Building Officials. Mr.

Tufan acquired his ICC Permit Technician Certification and has worked in various contract cities including City of Alhambra, South Pasadena, Placentia, Commerce, Bell and many more. In addition to this, Mr.

Tufan supports Transtech’s Engineering Department in various contract cities such as West Covina, South El Monte, Banning and Rosemead.

GREGORY AHERN, ICC Certified Inspector, ICC Certified Fire Inspector Education
• Associates of Science Degree – Public Works Construction - Citrus Community College • FT 101: Fire Protection Organization, FT 102: Fire Prevention Technology, FT 103: Fire Protection Equipment System, FT104: Building Construction/Fire Protection, FT 105: Fire Behavior & Combustion – Hancock Community College
Registrations/Certifications
• ICC Certified Residential Building Inspector, ICC Certified Residential Mechanical Inspector, ICC Certified Residential Plumbing Inspector. ICC Fire Inspector I, ICC California UST Inspector Certification • Hazardous Waste Operator and Emergency Operations Certification (HAZWOPER) • Aboveground Petroleum Storage Tank Inspector Certification EPA (APSA) Highlights
Mr. Ahern has over twenty years’ experience inspecting commercial development in the City of Glendale. He has in depth experience inspecting high rise mixed use development projects, as well as industrial projects.

FRANKIE LOPEZ, ICC Certified Building Inspector
Education
• Los Angeles Trade Technical College L.A. Ca ; A/S Degree in Inspection Technology, and A/A Degree in Offset Printing
Registrations/Certifications
• ICC Building Inspector, ICC Residential Building Inspector, I.C.B.O. Certified-1985-16108, CalOES SAP Evaluator
Highlights
Mr. Lopez has over 28 years of experience as a Building Inspector for the City of Los Angeles. His experience includes inspecting one- and two-family dwellings and inspecting foundations, electrical, heating, plumbing, framing (structural and non-structural), insulation, application of stucco, installation of roofing, and final completions on structures regarding residential homes. Mr. Lopez has completed several roofing, rain gutter installations, water sprinklers, heating/air conditioning and ductwork repair and installation projects. Prior to joining Transtech Engineers, Mr. Lopez worked as a Part Time Building Inspector for the Cities of Diamond Bar, San Dimas, San Gabriel, San Marino, Walnut and La Verne.

JEREMY REED, ICC Certified Building Inspector, Permit Technician Education
• Citrus College
Registrations/Certifications
• ICC Certified Building Inspector, Permit Technician
Highlights
Mr. Reed has over 9 years of experience working in governmental environments. He is assigned to various Transtech Contract Cities. Mr. Reed has served as a Permit Technician and a Building Inspector under contract cities such as City of South Pasadena, Alhambra, Hawaiian Gardens, West Covina and Maywood. Some of Mr. Reeds roles as a building inspector include conducting building, electrical, Technical Proposal 18

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mechanical, and plumbing inspections; ensuring that all proper documents are obtained prior to finalization of permits; and answering questions that contractors, developers, engineers, or homeowners may have regarding code requirements. Mr. Reed is the currently serving City of Maywood Building and Safety Division, he provides permit issuance and inspection services.

NICHOLAS TARANGO, ICC Certified Building Inspector, Permit Technician Education
• Fullerton College
Registrations/Certifications
• ICC Permit Technician, Residential Building Inspector Highlights
Mr. Tarango’s experience includes working as a Permit Technician at local public agencies including City of South Pasadena and City of Alhambra. As a permit technician he performs preliminary review of permit applications and plan submittals for completeness and accuracy and determines appropriate fees. In addition, he also routes plans, issues permits, and manages logs and records, and provides information to the public relating to the status of projects and permits.

CAN GOZUBUYUK, ICC Certified Inspector
Education
• MBA, Southern States University (SSU); BS, Engineering, Registrations/Certifications
• ICC Certified Residential Building Inspector, Residential Mechanical Inspector, Residential Plumbing Inspector,
Highlights
Mr. Gozubuyuk has been working in Transtech’s Building and Safety Department as a Building Inspector for various contract Cities. Mr. Gozubuyuk quickly gained his ICC Residential, Plumbing, and Mechanical Certifications and continuously serves as a Building Inspector for the City of South Pasadena, Seal Beach, Alhambra, Temple City. Huntington Park and many more. Some of his roles as a building inspector include conducting building, electrical, mechanical, and plumbing inspections; ensuring that all proper documents are obtained prior to finalization of permits; and answering questions that contractors, developers, engineers, or homeowners may have regarding code requirements.

STEVE RIVAS, ICC Certified Building Inspector, Permit Technician Education
• Engineering and Construction Technology, Mount San Antonio College (In progress) Registrations/Certifications
• ICC Certified Residential Building Inspector and Permit Technician Highlights
Mr. Rivas’ is working as a Permit Technician at the City of West Covina. Some of his major responsibilities include processing permit applications electronically and answering any questions applicants might have regarding the permit process. Mr. Rivas has a passion for knowledge. Since joining the Transtech Team, he has received his Permit Technician Certification and Residential Building Inspector Certification through ICC. He is currently training to conduct Field Inspections.

JULIE ROBBINS, ICC Certified Permit Technician
Education
• B.A., Political Science, University of La Verne
• Associates in Business Administration; Paralegal Education; Political Science; General Education; SCACEO Code Enforcement Courses, Rio Hondo Community College Registrations/Certifications
• ICC Certified Permit Technician
• CACEO Certified Code Enforcement Officer
Highlights
• Spanish Speaker
Mrs. Robbins has approximately 34 years of City Government and Building and Safety experience. Mrs.

Robbins has been working in Transtech’s Building and Safety department in various contract cities performing various clerical and technical duties in support of Building Inspections, Plan Checkers, and the Building Official.

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AMY CHAN, ICC Certified Permit Technician
Education
• B.A., Cal State, Long Beach
Registrations/Certifications
• Permit Tech, CalGreen Plans Examiner, and Inspector
Highlights
• Chinese Cantonese Speaker
Ms. Chan has approximately 5 years of City Government and Building and Safety experience. Ms. Chan has been working in Transtech’s Building and Safety department in various contract cities performing various clerical and technical duties in support of Building Inspections, Plan Checkers, and the Building Official. Prior to working for Transtech Engineers Ms. Chan worked for the City of Arcadia as a Planning Intern. Some of her responsibilities included providing technical support to planning staff by conducting research, answering questions, and providing information to the public, preparing agendas and reports for review boards and meetings. During her time there, Ms. Chan examined various types of applications received from the city (i.e. rebuilding, modifications, etc.), wrote up conditional use, approval, and staff report letters, and working on updates regarding the general plan, zoning, and municipal codes.

NATHAN ESTABROOK, ICC Certified Permit Technician
Education
• B.S., Cal State, Fullerton
Registrations/Certifications
• ICC Certified Permit Technician, First Aid CPR and BLS Certified Highlights
Mr. Estabrook is working as a Permit Technician at the City of West Covina. Some of his responsibilities include processing permit applications and performing technical work for permit applications. He performs clerical work that supports the operations involved with the issuance and coordination of the building inspection and permit process. He also ensures that all necessary approvals are obtained.

DAVID RAGLAND, PE, PLS, QSD, QSP, Sr. Engineer, Map and Engineering Plan Check Education
• Humboldt State University, CA, Bachelor of Science
Registrations/Certifications
• Registered Civil Engineer
• Licensed Land Surveyor
Highlights
Mr. Ragland is a civil engineer and land surveyor has over 30 years of diverse experience in a wide variety of projects in civil engineering. He has managed numerous multi-disciplinary teams dealing with the planning, engineering, entitlement, environmental permitting, development and construction of urban and rural development, and public works projects. His experience also includes special emphasis on complex grading and hillside developments (has worked on the civil engineering and development of more than 40,000 acres of hillside properties), preparation of due diligence and project feasibility analysis, through conceptual planning and design to entitlement and construction.

MICHAEL ACKERMAN, PE, QSD, QSP, QISP, Sr. Engineer, Map and Engineering Plan Check Education
• BS in Engineering
Registrations/Certifications
• RE Academy, Caltrans
• Water Pollution Control Compliance on Construction Sites for RE, Caltrans • Construction Program Management Workshop, FHWA
• Field Office Procedures Course, Caltrans
• California Work Zone Inspection – High Speed, Caltrans • Asphalt Concrete Inspection and Rehabilitation Strategies, Caltrans Highlights
Mr. Ackerman has over 20 years of experience. At Transtech, he has been working as a Sr. Engineer at various Transtech City Engineering Contracts. He has served at various Cities under Transtech’s City Engineering Contracts, including Temple City, Huntington Park, and Alhambra. He has a broad Technical Proposal 20

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knowledge of municipal government operations, including preparation and presentation of staff reports/resolutions to city councils, committees and interaction with public, various city departments, city council and other governmental agencies.

Mr. Ackerman’s experience also includes working at Caltrans and other agencies:
o Caltrans District 8: Mr. Ackerman was a civil transportation engineer for Caltrans District 8 where he was involved in the design and construction of various projects. • City of San Bernardino: Mr. Ackerman was involved in various projects, including Development Review and Plan Check, Design and Project Management.
• City of Huntington Park: Mr. Ackerman worked as contract City Engineer under Transtech’s municipal services contract and later as City Engineer and Interim Director of Public Works under the City.

MELISSA DEMIRCI, RSP, Principal, Municipal Services Contract Manager Education
• BS Civil Engineering, Cal Poly Pomona
Registrations/Certifications
• Licensed Roadway Safety Professional
Highlights
Ms. Demirci has over 12 years of experience in Contract and Project Management. She oversees our municipal contracts and will service as the Contract Principal for this contract. She has her BS Degree in Civil Engineering from Cal Poly Pomona. She coordinates and interfaces with Transtech’s Building and Safety Division to develop special projects to ensure a successful applicant experience during the plan review, permit issuance and inspection process. Her prior experience includes working at the City of Los Angeles, Mayor’s Office Energy and Environment Team.

Melissa leads Transtech’s Community Benefit Enhancement (CBE) Program, which provides volunteer and financial support for civic and community activities in client cities. This program demonstrates Transtech’s commitment to the progress, health, and well-being of the communities we serve. This is something that we take pride in as a company. In services and partnership with our client Cities, we have a proven record of active engagement in City and Community events. This includes involvement or presence at City programs or events, supporting local businesses through the chamber, youth events, hosting workshops, sports, scholarship opportunities, community service, managing homelessness challenges, public safety, crime prevention, or any other community benefit that the City wishes us to be a part of. Our goal is not just to serve as a consultant (which is what we are best at) but to also be an active partner with our clients and further enhance the City’s reputation as an ideal community to live, invest, work, and play. We are deeply committed to maintaining our partnership with our valued customers, its community, and remain open and enthusiastic to receiving input on how to best serve the City's needs today and in the future.

Sub Consultant: SOILS REPORT REVIEW SUPPORT: GEO-ADVANTEC, INC. (www.geoadvantec.com) Geo-Advantec, Inc. offers comprehensive services in various areas from site feasibility evaluation thought project completion for a wide range of projects and services, which include: Geotechnical Eng.; Eng. Geology; Geotechnical Earthquake Eng.; Geotechnical Instrumentation; Pavement Eng.; Forensic Geotechnical Eng.; Grading Monitoring and Field Testing; Soils & Materials Laboratory Testing; Special Inspection Services. Geo-Advantec owns a certified laboratory accredited by AMRL (ASSHTO Materials Reference Laboratory), in conformity to the requirements of the AASHTO Accreditation Program (AAP), AASHTO R-18, ASTM D3740 and ASTM E329; CCRL (Cement and Concrete Reference Laboratory); Caltrans; DSA (the Department of the State Architects); Army Corp of Engineers.

Sub Consultant: LANDSCAPE PLAN REVIEW SUPPORT: WITHERS & SANDGREN, LTD. www.withersandsandgren.com) Withers & Sandgren has been involved in providing varying levels of support to Community Development Departments for over twenty years. The firm has provided counter support for walk in plan reviews, been monthly Design Review Committee attendees, as well as presenters with planning staff to Planning Commissions and City Councils.

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Section 3: Transitioning of Work
Transtech has completed several similar service transitions and will be able to minimize any inconveniences:
✓ We do not see a need for an extensive overlapping work period with the current consultant. Our staff has done similar transitions before and can handle any open issues remaining from the current consultant.

The “overlapping work period” would only increase the City’s cost on staff time. Our expectation is to review the project files and address status of current/open plan checks, projects, and priority issues for transition.
✓ After this initial assessment and evaluation, a continued process will be implemented for day to day operations under the direction and supervision of our Directors of Building & Safety Operations and Principal Building Officials. Building and Safety staff will continue to report to our Principal Building Officials. ✓ Also, Ayla and/or Dennis will continue to attend meetings with the City, be conscious of our service status, and continue to provide principal level oversight, support, and guidance. They will attend meetings with City Management and City Council to provide reports and make presentations on issues related to our services and answer questions.
✓ Within approximately 30 days of the contract approval, Transtech will complete a thorough review of existing City policies, ordinances, and conditions pertaining to relevant services, and perform an operational, service and quality assessment and efficiency review. Based on this review, we will provide any recommendations we may have for any improvements in service quality, efficiency, and effectiveness.
✓ Transtech will also develop and provide to the City monitoring information that shows achievement of the performance standards, and that personnel are providing helpful and courteous service to customers.

The monitoring may include, but is not limited to, customer feedback through written questionnaires, interviews, and observations at the building counter and during building permit inspections and statistical reports.

Recent Service Transition for the City of Carson from Los Angeles County:
• Transtech has recently facilitated Building and Safety Services Transition from the County of Los Angeles for the City of Carson,
• Since its incorporation approx. 55 years ago, the City of Carson has contracted with the Los Angeles County for Building and Safety Services.
• In June 2023, the City issued an RFP for these services. Transtech was selected by the City. Transtech completed the transition in a short duration, including implementation of an electronic plan check system and permitting system.

Other Service Transitions from Los Angeles County
• Transtech facilitated Building and Safety Services Transition from the County of Los Angeles for the City of Temple City. Transtech is providing Budig and Safety Services to City since 2013. • Transtech facilitated Building and Safety Services Transition from the County of Los Angeles for the City of Commerce. Transtech is providing Budig and Safety Services to City since 2017.

Service Transitions from other Consultants:
• Transtech facilitated several Building and Safety Services Transitions from other Consultants at various other Cities, where Transtech is currently serving as Building and Safety Services Provider.

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Section 4: References
CITY OF COMMERCE (Year started and completed: 2015 – Ongoing Service) Contact: Vilko Domic, Assistant City Manager
T: 323-722-4805
E: [email protected]
Services Provided: Building & Safety Services; City Engineering Services; Traffic Engineering; CIP Management; Federally Funded Project Management; Engineering Design; Public Works Permit Inspections; Map Check.

CITY OF BELL (Year started and completed: 2015 – Ongoing Service) Contact: Manuel Acosta, Community Development Director
T: (323) 588-6211
E: [email protected]
Services Provided: Building & Safety Services
CITY OF AZUSA (Year started and completed: 2019 – Ongoing Service) Contact: Sergio Gonzalez, City Manager
T: 626-812-5239
E: [email protected]
Services Provided: Building & Safety Services
CITY OF ALHAMBRA (Year started and completed: 1993 – Ongoing Service) Contact: Andrew Ho, Community Development Director
T: 626-570-5041
E: [email protected]
Services Provided: Building & Safety Services; City Engineering Services; Traffic Engineering; CIP Management; Federally Funded Project Management; Engineering Design; Public Works Permit Inspections; Map Check.

CITY OF TEMPLE CITY (Year started and completed: 2013 – Ongoing Service) Contact: Bryan Cook, City Manager
T: 626-285-2171
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E: [email protected]
Services Provided: Building & Safety Services; City Engineering Services; Traffic Engineering; CIP Management; Federally Funded Project Management; Engineering Design; Public Works Permit Inspections; Map Check.

CITY OF SOUTH PASADENA (Year started and completed: 1997 – Ongoing Service) Contact: Angelica Frausto-Lupo, Community Development Director T: 626-403-7222
E: [email protected]
Services Provided: Building & Safety Services
CITY OF WEST COVINA (Year started and completed: 2019 – Ongoing Service) Contact: Paulina Morales, Acting City Manager
T: 626-939-8401
E: [email protected]
Services Provided: Building & Safety Services; City Engineering Services; Traffic Engineering; CIP Management; Federally Funded Project Management; Engineering Design; Public Works Permit Inspections; Map Check.

CITY OF CARSON (Year started and completed: 2023 – Ongoing Service) Contact: Robert Lennox, Ed.D., Assistant City Manager
T: 310-952-1728
E: [email protected]
Services Provided: Building & Safety Services
Please see following reference letters:

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Section 5: Firm Qualifications

5.1 Company Qualifications
Established in 1989, Transtech Engineers, Inc. (a California Corporation) is a multi-disciplinary municipal engineering consulting firm.

Our staff and resources include approximately 200 staff, including building official, plan checkers, inspectors, permit technicians, engineers, project managers, designers, construction managers, traffic and transportation analysts, technicians, admin support personnel.

Our multi-disciplinary service capabilities include:
• Building & Safety Services, Building Inspection, Plan Check, Building Evaluations, City Building Official, Code Enforcement
• Civil Engineering,
• Staff Augmentation
• CIP Program Management
• Construction Management and Inspection
• Federally Funded Project Management
• Grant Writing
• CDBG Project Management
• City Engineer, City Traffic Engineer, Development
Review, Public Works Engineering, Plan Check,
Inspection
• Labor Compliance
• Planning Support
• Traffic and Transportation Planning and Engineering
• Water Resources Engineering
• Surveying, Mapping, ALTA, Right-of-way Engineering
• Emergency, Support Services
Currently, we are providing municipal services to approximately 75 agencies:

City of Temple City
✓ City Engineering Services: City Eng, Traffic Eng,
Development/Public Works Plan Check, Map and Plan
Check, Permit Inspection, Design, CIP and Construction
City of Alhambra
✓ City Engineering Services: City Eng, Traffic Eng,
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Management, PW Insp, Fed Proj Management
✓ Building & Safety Services: Building Official, Plan Review, Inspection, Permit Technician
City of Commerce
✓ City Engineering Services: City Eng, Traffic Eng,
Development/Public Works Plan Check, Map and Plan
Check, Permit Inspection, Design, CIP and Construction
Management, PW Insp, Fed Proj Management
✓ Building & Safety Services: Building Official, Plan Review, Inspection, Permit Tech
City of Maywood
✓ City Engineering Services: City Eng, Traffic Eng,
Development/Public Works Plan Check, Map and Plan
Check, Permit Inspection, Design, CIP and Construction
Management, PW Insp, Fed Proj Management
✓ Building & Safety Services: Building Inspection, Permit Technician
City of Monterey Park
✓ City Engineering Services: City Eng, Traffic Eng,
Development/Public Works Plan Check, Map and Plan
Check, Permit Inspection, Design, CIP and Construction
Management, PW Insp, Fed Proj Management
✓ Building & Safety Services: Building Official, plan check and asneeded inspection City of South Pasadena
✓ Building & Safety Services: Building Official, Plan Review, Inspection, Permit Tech
City of Seal Beach
✓ Building & Safety Services: Building Official, Plan Review, Asneeded Inspection City of Azusa
✓ Building & Safety Services: Building Official, Building Plan Review, As-needed Insp
City of Rancho Palos Verdes
✓ CIP Project Management: CIP/Fed Proj Management
✓ Building & Safety Services: Plan Review, Inspection.

San Manuel Casino and Indian Reservation
✓ Building & Safety Services: Building Official, Plan Review, Inspection
City of Manhattan Beach
✓ On-call Building & Safety Services: Plan Review
City of Hermosa Beach
✓ On-call Building & Safety Services: Plan Review
City of Norwalk
✓ On-call Building & Safety Services: Plan Review
City of La Habra
✓ On-call Building & Safety Services: Plan Review
City of Ontario
✓ CIP Management Services: Transtech is City’s Contract CIP Manager for major Public Works Projects
City of Chino
✓ CIP Management Services: Transtech is City’s Contract CIP Manager for major Public Works Projects
City of Placentia
✓ On-call PM/CM and Development/PW Plan Check: On-call
services
City of Rialto
✓ On-call Services: Traffic Engineering, PW Inspection and Permit Tech
City of Culver City
✓ On-call Engineering Services: Eng Services
City of Anaheim
✓ On-call Engineering Services: Engineering Services
PW Insp, Fed Proj Management
✓ Building & Safety Services: Building Official, Plan Review, Inspection, Permit Technician
City of South El Monte
✓ City Engineering Services: City Eng, Traffic Eng,
Development/Public Works Plan Check, Map and Plan Check, Permit Inspection, Design, CIP and Construction Management, PW Insp, Fed Proj Management
✓ Building & Safety Services: Building Official, Plan Review, Asneeded Inspection, As-Needed Permit Technician City of West Covina
✓ City Engineering Services: City Eng, Traffic Eng,
Development/Public Works Plan Check, Map and Plan Check, Permit Inspection, Design, CIP and Construction Management, PW PC, Fed Proj Management
✓ Building & Safety Services: Building Official, Plan Review, Inspection, Permit Technician
City of Rosemead
✓ City Engineering Services: City Eng, Traffic Eng,
Development/Public Works Plan Check, Map and Plan Check, Permit Inspection, Design, CIP and Construction Management, PW Insp, Fed Proj Management
✓ Building & Safety Services: Building Official, Plan Review, Inspection, Permit Tech
City of Bell
✓ Building & Safety Services: Building Official, Plan Review, Inspection, Permit Technician
City of Carson
✓ Building & Safety Services: Building Official, Plan Review, Inspection, Permit Technician
City of Cudahy
✓ CIP Management and Engineering Services: Traffic Eng, Design, CIP and Construction Management, PW Insp, Fed Proj
Management
✓ Building & Safety Services: Plan Review.

City of Hawaiian Gardens
✓ Building and Safety Services: Building Official, Plan Review, Inspection, Permit Technician
City of Downey
✓ Building & Safety Services: Plan Review, Inspection
County of Los Angeles
✓ Building & Safety Services: Plan Review, Inspection
County of Riverside
✓ Building & Safety Services: Plan Review, Inspection
San Bernardino County Housing Authority
✓ On-call Services: As-Needed Support
City of San Bernardino
✓ On-call Services: CIP Program Management, Traffic
Engineering, Constr. Management
City of El Monte
✓ On-call Services: Traffic Engineering, Construction
Management, Development Plan Check
City of Banning
✓ Public Works Plan Check: PW Plan Check and Pw Inspection Riverside County Economic Development Agency
✓ On-call Services: Eng, Building Evaluations, & Surveying City of Lancaster
✓ Traffic Engineering Services: On-call City Traffic Engineering City of Palm Desert
✓ City Traffic Engineering Services: City Traffic Engineering City of Irwindale
✓ On-call Services: Construction Management and Inspection Services
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City of San Marino
✓ City Traffic Engineering Services: City Traffic Engineering City of Lynwood
✓ On-call Services: Engineering, CIP and Construction
Management.

Transtech has experience in various types of projects, such as:
• Street Rehabilitation and Reconstruction
• Traffic Signal and Street Lighting
• ADA Improvements
• Water, Drainage, Sewer Improvements
• Bridges Parks and Playgrounds
• Parking Structures
• Community Centers
• Libraries
• City Halls
• Fire Stations
• Renovation of Historic Buildings
• Residential, Office, Commercial, Industrial Buildings One of the unique qualifications of Transtech is that we serve public agencies as municipal contract service providers, including Contract City Engineer, City Traffic Engineer, Building Official, CIP Manager, Planner and in other capacities.

We have extensive experience working with Public Agencies/Cities in similar assignments. We are accustomed to working with public agencies and have a good understanding of public agency procedures and policies.

We have extensive experience in preparing staff reports and presentations to City Council, Boards and public, and in communicating effectively with diverse audiences and stakeholders at public forums. We have managed large and complex projects, which involved multiple agencies and jurisdictions. Several of our staff members are former City Engineers, Public Works Directors.

We work with METRO on a number of projects. Currently, we are managing 710 Mobility Improvement Projects for the Cities of Alhambra and Rosemead, which has total funding of over $200m.

Our team includes experienced staff members who have worked for CALTRANS and are intimately familiar with the standards and procedures, project development and approval process, and requirements. One of our Sr. Staff Member is former Deputy Director of Caltrans District 7.

We work and coordinate with LA County on a number of projects.

We have extensive experience in the management and administration of grant funded projects. Our staff members have completed Caltrans RE Academy for Federally and State Funded Projects. We follow guidelines and procedures of Caltrans Local Assistance Procedures Manual (LAPM).

Our team has proven track record in obtaining outside grants for its client cities. Our staff works with our client cities to find potential funding sources, and to prepare competitive applications for various programs. We have obtained extensive amount of funds for our client cities.

Community Benefit Enhancement (CBE)
Supporting civic and community activities demonstrates Transtech’s commitment to the progress, health, and well-being of the communities we serve. This is something that we take pride in as a company. In services and partnership with our client Cities, we have a proven record of active engagement in City and Community events. This includes involvement or presence at City programs or events, supporting local businesses through the chamber, youth events, hosting workshops, sports, scholarship opportunities, community service, managing homelessness challenges, public safety, crime prevention, or any other community benefit that the City wishes us to be a part of. Our goal is not just to serve as a consultant (which is what we are best at) but to also be an active partner with our clients and further enhance the City’s reputation as an ideal community to live, invest, work, and play. We are deeply committed to maintaining our partnership with our valued customers, its community, and remain open and enthusiastic to receiving input on how to best serve the City's needs today and in the future.

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Following are some of the CBE programs we have are proud to be part of:

New Community Outreach Project:
• The Transtech Team is very passionate about giving back, especially through youth empowerment and workshops to encourage middle school and high school students to pursue higher education and to get involved in STEM related fields, like engineering.
• Several of our team members have been involved in various organizations and spoke at countless events to encourage the youth and young women in particular to pursue Engineering in both their academic and career paths. • We are proud to have founded an annual Transtech Engineers Scholarship Program awarded during the fall semester to Cal Poly Pomona students. The scholarship awards five students $3,000 each based on their GPA and grade level. We partnered with Cal Poly Pomona to start this annual scholarship with the Civil Engineering Program at the university. • We wanted to further our reach and mission and have begun to develop a special community project interfacing with local schools to implement a yearlong STEM extracurricular program. We have worked on developing a program where every year we will focus on one middle school or high school in the cities we serve to offer this elective to the students.

Traffic Engineering Workshop &
Pedestrian School Safety
Discussion
Embracing Latina Leadership
Alliances (ELLAS)
High School Enlistee
Recognition Ceremony
Through “Our Community
Salutes”
Cal Poly Pomona's Transtech
Engineers Scholarship Program
Youth Committee Pedestrian
Safety Booth
Girls Leadership & Mentoring
(GLAM) Workshop At
Magnolia Science Academy
STEM Workshop At The Annual
Geranium Festival & Artwork
STEM Booth at the Concerts
In The Park
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5.2 Examples of Building and Safety Projects
Transtech’s Plan Check and Inspection Capacity in numbers:
• We maintain and manage electronic plan submittal portals for over 25 cities. • In 2023, we processed and reviewed approximately 11,000 projects with 76,000 documents and performed approximately 52,000 inspections.

Few Examples of Building and Safety Projects by Transtech:

Agency: CITY OF BELL
Project: Residential Development, 6518 & 6522 Walker.
(Valuation $4 m). This development includes new 14 new twostory detached single-family dwellings.

Transtech provided following services:

Establishing conditions of approval and coordination with the Planning Staff for the entitlement of the project.

Building Plan Check/Inspection.

Transtech serves as the City’s Contract Building Official, Plan Checker, Inspector.

Agency: CITY OF COMMERCE
Project: Warehouse with Office Space Development (Valuation $20 m). This development includes one-story of warehouse with mezzanines for office use of 114,898 square feet of total floor area in a 5.65-acre lot.

Transtech provided following services:

Establishing conditions of approval and coordination with the Planning Staff for the entitlement of the project.

Building Plan Check and Inspection.

Engineering Plan Check and Inspection.

Transtech serves as the City’s Contract Building Official, City Engineer, City Traffic Engineer.

Agency: CITY OF SOUTH EL MONTE
Project: Chico Residential Development (Valuation $15 m). This development includes 13 buildings with 70 residential units.

Transtech provided following services:

Establishing conditions of approval and coordination with the Planning Staff for the entitlement of the project.

Building Plan Check and Inspection.

Engineering Plan Check and Inspection.

Transtech serves as the City’s Contract Building Official, City Engineer, City Traffic Engineer.

Agency: CITY OF ALHAMBRA
Project: Main Street Collection (Valuation $23 m). This development includes 4-story mixed-use project with 8,200 s ft retail space, 52 condos, 9 live/work units, 19 townhomes, and 6 shopkeeper units.

Transtech provided following services:

Establishing conditions of approval and coordination with the Planning Staff for the entitlement of the project.

Building Plan Check and Inspection.

Engineering Plan Check and Inspection.

Transtech serves as the City’s Contract Building Official, City Engineer, City Traffic Engineer.

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Agency: CITY OF WEST COVINA
Project: Asteria Residential Development (Valuation $40 m). This development includes 158-unit residential homes.

Transtech provided following services:

Establishing conditions of approval and coordination with the Planning Staff for the entitlement of the project.

Building Plan Check and Inspection.

Engineering Plan Check and Inspection.

Transtech serves as the City’s Contract Building Official, City Engineer, City Traffic Engineer.

Agency: SAN MANUEL BAND OF MISSION INDIANS TRIBE AND
CASINO
Project: Casino Expansion/Development (Valuation $700 m): This project involves Casino’s expansion program, which includes casino renovation, new hotel, entertainment center, parking structure, pedestrian bridges, alignment of entry and exit roads, and various other improvements.

Transtech provided following services:

Building Plan Check and Inspection.

Fire Plan Check.

Transtech serves as the Tribe’s and Casino’s (they are 2 sperate entities) Contract Building Official, Plan Checker, Inspector and Fire Marshall.

Agency: CITY OF TEMPLE CITY
Project: Blossom Walk Residential Development (Valuation $6 m). This development includes 24-unit condominiums and 4 single family homes.

Transtech provided following services:

Establishing conditions of approval and coordination with the Planning Staff for the entitlement of the project.

Building Plan Check and Inspection.

Engineering Plan Check and Inspection.

Transtech serves as the City’s Contract Building Official, City Engineer, City Traffic Engineer.

Agency: CITY OF WEST COVINA
Project: Medical Center Building (Valuation $20 m). This project is a new Medical Office Building of approximately 55,000 sf that will operate 24/7 providing a radiation oncology department and infusion department.

Transtech provided following services:

Establishing conditions of approval and coordination with the Planning Staff for the entitlement of the project.

Building Plan Check and Inspection.

Engineering Plan Check and Inspection.

Transtech serves as the City’s Contract Building Official, City Engineer, City Traffic Engineer.

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Agency: CITY OF SOUTH PASADENA
Project: 820 Mission Development LLC (Project Value: $10M). This project is a new office building with one residential unit above, new 15-unit townhome cluster with office fronting Mission Street with one-level subterranean parking, convert existing 3-story industrial building into 9 residential units, construct 13 townhome units.

Transtech provided following services:

Establishing conditions of approval and coordination with the Planning Staff for the entitlement of the project.

Building Plan Check and Inspection.

Transtech serves as the City’s Contract Building Official.

Agency: CITY OF CARSON
Project: The District at South Bay (Valuation $175 m). This development includes Industrial Buildings on 73 acres with 5 industrial building with 1,499492 sq ft and Country Mart project including five (5) restaurant / retail buildings, four (4) drive through restaurants, and one (1) restroom facility building on an approximate 11-acre site. There will be a park component with a performance pavilion, kids playground, event lawn, dog park and gardens. The restroom facility will include public and family restrooms to support the public open space.

Transtech provided following services:

Building Plan Check and Inspection.

Transtech serves as the City’s Contract Building Official.

Agency: SNOQUALMIE INDIAN TRIBE, WASHINGTON
Project: Casino expansion (Valuation $195 m). This
development includes 5 phases with 1,188,000 sq ft to include casino remodel, podium, hotel tower, parking structure, valet parking.

Transtech provided following services:

Building Plan Check and Inspection.

Transtech serves as the Tribe’s Casino’s Contract Building Official, Plan Checker, Inspector.

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Section 6: Legal
Following are responses to questions listed in the RFP in this section:
• List any other names under which the current firm has operated in the past 10 years.

None.
• List the names of any other firms that provide similar services, current and past, where any of current firm's owners, part owners, shareholders, principals, management staff, or key staff are currently or were in the past owners, part owners, shareholders, principals, management staff, or key staff.

None.
• Provide a list, if your firm and/or any owners, part owners, shareholders, principals, management staff, or key staff have been investigated by any Local, County, State and Federal Agencies for any claims and actions in the past 10 years. If the answer is yes, provide a summary and when and how the investigation was closed; if not closed, indicate current status.

None.
• Provide a list of any other firms, current and past, if any of current firm's owners, part owners, shareholders, principals, management staff, or key staff are involved currently and/or were involved in the past, have been or are currently being investigated by any Local, County, State and Federal Agencies for any claims and actions in the past 10 years. If the answer is yes, provide a summary and when and how the investigation was closed; if not closed, indicate current status.

None.

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Appendix: Insurance
Following is a copy of Transtech’s current Insurance Certificate. If selected by the City for this project, we will appreciate the opportunity of having our Attorney discuss the final contract language to ensure our insurance is in compliance with current laws and regulations and meets the City’s requirements with the City’s Attorney.

Following items may be discussed:
• For insurability purposes, any
duty to defend which is not
expressly deleted or defined
as a reimbursement to the
extent of the adjudicated
negligence will present
insurability issues.
• Insurance may not cover
payment for any of the
City’s’ defense related cost
prior to a final determination
of liability or to pay any
amount that exceeds
Contractor’s finally
determined percentage of
liability based upon the
comparative fault of
Contractor. Consultant
should reimburse all
reasonable attorneys’ fees
as part of City’s total
damages tied directly to
Consultant’s determined
percentage of fault.
• For insurability purposes, one
of the most important
contract terms is to ensure
the word "negligent" is
evident in the indemnity
clause. Absent a negligence
trigger for claims, a client or
owner could present claims
with no allegations of
negligence, and the
professional liability may
have coverage implications.

Inserting "negligent" acts,
errors, or omissions can help
make the entire indemnity
subject to an appropriate
standard of care.
• Many contracts use phrases
such as: “arising out of or in
connection with". This can
allow the certificate holder
to assert claims that vaguely
involve our scope of services.

By replacing such phrases
with "but only to the extent
actually caused by", the
claimant must establish that
the negligence was the
proximate cause of the
damage, otherwise known as direct causation, would be insurable. • For insurability purposes, we suggest limiting the obligation to only those parties with whom we have the contract, or who are in direct contractual privity to the project owner.

EXHIBIT B

FEE SCHEDULE

l 1

BUILDING PLAN CHECK & INSPECTION SERVICES
Service Description Fees effective through June 30, 2024 Plan checks
Plan checks % of monthly Building Division Fees
collected. SLIDING SCALE % OF THE PLAN CHECK FEES
$0 to $250,000 60%
$250,001 to $350,000 57%
$350,001 and above 52%
Staff Services Per the standard hourly rates
Any other services Per the standard hourly rates
Where no fees collected, or reduced for plan check or permits, entitlement reviews, PRR and other additional services requested shall be per the hourly standard rates.

The above hourly rates are increased each year July 1st automatically by the percentage change Los Angeles-Long Beach-Anaheim California Consumer Price Index-All Urban Consumers (“CPI-U”) for the preceding twelve-month period as calculated for February by the U.S. Department of Labor Bureau of Labor Statistics and published by the United States Bureau of Labor Statistic.

EXHIBIT B

FEE SCHEDULE
2 BUILDING PLAN CHECK & INSPECTION SERVICES
Field Technician $85 - $95 Labor Compliance Analyst $145 - $155 Engineering Technician $95 - $105 Funds Coordinator $150 - $160 Assistant CAD Drafter $105 - $120 Office Engineer $145 - $155 Senior CAD Drafter $120 - $135 Construction Inspector $140 - $150 Associate Designer $135 - $150 Senior Construction Inspector $150 - $160 Senior Designer $150 - $165 Construction Manager $170 - $185 Design Project Manager $190 - $200 Resident Engineer $185 - $200 Assistant Engineer $115 - $125
Associate / Staff Engineer $145 - $160 Public Works Inspector $140 - $150 Senior Civil Engineer $200 - $220 Senior Public Works Inspector $150 - $160 Traffic Analyst Technician $100 - $110 Supervising PW Inspector $160 - $170 Associate Traffic Analyst $150 - $160
Senior Traffic Analyst $160 - $170 Survey Analyst $150 - $155 Professional Transportation Planner $170 - $185 Senior Survey Analyst $155 - $160 Traffic Engineer Technician $95 - $105 2-Man Survey Crew $345 - $360 Associate/Staff Traffic Engineer $145 - $160 Survey & Mapping Specialist $185 - $200 Traffic Engineer $170 - $185 Licensed Land Surveyor $210 - $220 Senior Traffic Engineer $185 - $205
Project Manager $185 - $205 Funds Analyst $145 - $150
Senior Project Manager $205 - $220 Senior Funds Analyst $150 - $160 Deputy City Engineer $170 - $190 Grant Writer $165 - $170 City Engineer $190 - $205 Funds & Grant Project Manager $185 - $195 Principal Engineer $205 - $225
Community Development Technician $80 - $90
Permit Technician $75 - $85 Planning Technician $90 - $100 Plan Check Technician/Analyst/Supervisor $125 - $140 Assistant Planner $100 - $120 Building Inspector $115 - $130 Associate Planner $120 - $140 Senior Inspector $125 - $140 Senior Planner $145 - $165 Plans Examiner/Checker $140 - $155 Planning Manager $170 - $190 Plan Check Engineer $150 - $170
Deputy Building Official $160 - $170 Administrative/Clerical $70 - $80 Building Official $165 - $180 Project Accountant $80 - $90 TRANSTECH ENGINEERS, INC.

SCHEDULE OF HOURLY RATES
Effective: July 1, 2023 - June 30, 2024
Rates are average ranges, negotiable and can be adjusted to establish a fee for each assignment based on the specific project’s scope, when such projects are identified by the City.

The above fees are increased each year July 1st automatically by the percentage change Los Angeles-Long Beach-Anaheim California Consumer Price Index-All Urban Consumers (“CPI-U”) for the preceding twelve-month period as calculated for February by the U.S. Department of Labor Bureau of Labor Statistics and published by the United States Bureau of Labor Statistic.

FUNDING & GRANT WRITING

PLANNING

ADMINISTRATIVE STAFF

SURVEY AND MAPPING

PUBLIC WORKS INSPECTION

BUILDING & SAFETY

ENGINEERING CONSTRUCTION MANAGEMENT

EXHIBIT C

INSURANCE REQUIREMENTS
Without limiting Consultant’s indemnification of the City, and prior to commencement of Services, Consultant shall obtain, provide, and maintain at its own expense during the term of this Agreement, policies of insurance of the type and amounts described below and in a form satisfactory to the City. If Consultant maintains higher limits than the minimum limits shown below, the City requires and shall be entitled to coverage for the higher limits maintained by the Consultant. Any available insurance proceeds in excess of the specified minimum limits of insurance and coverage shall be available to the City.

General liability insurance. Consultant shall maintain commercial general liability insurance with coverage at least as broad as Insurance Services Office form CG 00 01, in an amount not less than $1,000,000 per occurrence, $2,000,000 general aggregate, for bodily injury, personal injury, and property damage. The policy must include contractual liability that has not been amended. Any endorsement restricting standard ISO “insured contract” language will not be accepted.

Automobile liability insurance. Consultant shall maintain automobile insurance at least as broad as Insurance Services Office form CA 00 01 covering bodily injury and property damage for all activities of the Consultant arising out of or in connection with Services to be performed under this Agreement, including coverage for any owned, hired, non-owned or rented vehicles, in an amount not less than $1,000,000 combined single limit for each accident.

Professional liability (errors & omissions) insurance. Consultant shall maintain professional liability insurance that covers the Services to be performed in connection with this Agreement, in the minimum amount of $1,000,000 per claim and in the aggregate. Any policy inception date, continuity date, or retroactive date must be before the effective date of this Agreement and Consultant agrees to maintain continuous coverage through a period no less than three (3) years after completion of the services required by this Agreement.

Workers’ compensation insurance. Consultant shall maintain Workers’ Compensation Insurance (Statutory Limits) and Employer’s Liability Insurance (with limits of at least $1,000,000 per accident for bodily injury or disease).

Consultant shall submit to the City, along with the certificate of insurance, a Waiver of Subrogation endorsement in favor of the City, its officers, agents, employees, and volunteers.

Other provisions or requirements
Proof of insurance. Consultant shall provide certificates of insurance to the City as evidence of the insurance coverage required herein, along with a waiver of subrogation endorsement for workers’ compensation. Insurance certificates and endorsements must be approved by the City’s Risk Manager prior to commencement of performance. Current certification of insurance shall be kept on file with the City at all times during the term of this Agreement. The City reserves the right to require complete, certified copies of all required insurance policies at any time.

Duration of coverage. Consultant shall procure and maintain for the duration of the Agreement insurance against claims for injuries to persons or damages to property, which may arise from or in connection with the performance of the Services hereunder by Consultant, or Consultant’s agents, representatives, employees or subconsultants.

Primary/noncontributing. Coverage provided by Consultant shall be primary and any insurance or self-insurance procured or maintained by the City shall not be required to contribute with it. The limits of insurance required herein may be satisfied by a combination of primary and umbrella or excess insurance. Any umbrella or excess insurance shall contain or be endorsed to contain a provision that such coverage shall also apply on a primary and non-contributory basis for the benefit of the City before the City’s own insurance or self-insurance shall be called upon to protect it as a named insured.

The City’s rights of enforcement. In the event any policy of insurance required under this Agreement does not comply with these specifications or is canceled and not replaced, the City has the right but not the duty to obtain the insurance it deems necessary and any premium paid by the City will be promptly reimbursed by Consultant or the City will withhold amounts sufficient to pay premium from Consultant payments. In the alternative, the City may immediately terminate this Agreement.

Acceptable insurers. All insurance policies shall be issued by an insurance company currently authorized by the Insurance Commissioner to transact business of insurance or is on the List of Approved Surplus Line Insurers in the State of California, with an assigned policyholders’ Rating of A- (or higher) and Financial Size Category Class VI (or larger) in accordance with the latest edition of Best’s Key Rating Guide, unless otherwise approved by the City’s Risk Manager.

Waiver of subrogation. All insurance coverage maintained or procured pursuant to this Agreement shall be endorsed to waive subrogation against the City, its elected or appointed officers, agents, officials, employees and volunteers or shall specifically allow Consultant or others providing insurance evidence in compliance with these specifications to waive their right of recovery prior to a loss. Consultant hereby waives its own right of recovery against the City, and shall require similar written express waivers and insurance clauses from each of its subconsultants.

Enforcement of Agreement provisions (non estoppel). Consultant acknowledges and agrees that any actual or alleged failure on the part of the City to inform Consultant of non-compliance with any requirement imposes no additional obligations on the City nor does it waive any rights hereunder.

Requirements not limiting. Requirements of specific coverage features or limits contained in this Agreement are not intended as a limitation on coverage, limits or other requirements, or a waiver of any coverage normally provided by any insurance. Specific reference to a given coverage feature is for purposes of clarification only as it pertains to a given issue and is not intended by any party or insured to be all inclusive, or to the exclusion of other coverage, or a waiver of any type.

Notice of cancellation. Consultant agrees to oblige its insurance agent or broker and insurers to provide to the City with a thirty (30) day notice of cancellation (except for nonpayment for which a ten (10) day notice is required) or nonrenewal of coverage for each required coverage.

Additional insured status. General liability policies shall provide or be endorsed to provide that the City and its officers, officials, employees, agents, and volunteers shall be additional insureds under such policies. This provision shall also apply to any excess/umbrella liability policies.

Prohibition of undisclosed coverage limitations. None of the coverages required herein will be in compliance with these requirements if they include any limiting endorsement of any kind that has not been first submitted to the City and approved of in writing.

Separation of insureds. A severability of interests provision must apply for all additional insureds ensuring that Consultant’s insurance shall apply separately to each insured against whom claim is made or suit is brought, except with respect to the insurer’s limits of liability. The policy(ies) shall not contain any cross-liability exclusions.

Pass through clause. Consultant agrees to ensure that its subconsultants, subcontractors, and any other party involved with the Services who is brought onto or involved in the Services by Consultant, provide the same minimum insurance coverage and endorsements required of Consultant. Consultant agrees to monitor and review all such coverage and assumes all responsibility for ensuring that such coverage is provided in conformity with the requirements of this section. Consultant agrees that upon request, all agreements with consultants, subconsultants, and others engaged in the Services will be submitted to the City for review.

The City’s right to revise specifications. The City reserves the right at any time during the term of the Agreement to change the amounts and types of insurance required by giving Consultant ninety (90) days advance written notice of such change. If such change results in substantial additional cost to Consultant, City and Consultant may renegotiate Consultant’s compensation or come to some other agreement to address the additional cost.

Self-insured retentions. Any self-insured retentions must be declared to and approved by the City. The City reserves the right to require that self-insured retentions be eliminated, lowered, or replaced by a deductible. Self-insurance will not be considered to comply with these specifications unless approved by the City.

Timely notice of claims. Consultant shall give the City prompt and timely notice of claims made or suits instituted that arise out of or result from Consultant’s performance under this Agreement, and that involve or may involve coverage under any of the required liability policies.

Additional insurance. Consultant shall also procure and maintain, at its own cost and expense, any additional kinds of insurance, which in its own judgment may be necessary for its proper protection and prosecution of the Services.

FOR ITEM # 7, PLEASE SEE ITEM # 9
FOR ITEM # 8, PLEASE SEE ITEM # 9
ITEM # 9

CITY OF SANTA FE SPRINGS

CITY COUNCIL AGENDA STAFF REPORT
TO: Honorable Mayor and City Council Members

FROM: René Bobadilla, P.E., City Manager

BY: Fernando N. Muñoz, CMC, Deputy City Clerk

SUBJECT: MINUTES OF THE JANUARY 11, 2024 SPECIAL CITY COUNCIL

MEETINGS
DATE: February 6, 2024
RECOMMENDATION(S):

It is recommended that the City Council:
1) Approve the minutes as submitted.

FISCAL IMPACT
N/A

BACKGROUND
Staff has prepared minutes for the following meeting:
 Special City Council Meeting of January 11, 2024

ANALYSIS
N/A

ENVIRONMENTAL
N/A

DISCUSSION
N/A
CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 6, 2024 Minutes of the January 11, 2024 Special City Council Meetings Page 2 of 2

SUMMARY/NEXT STEPS
N/A
ATTACHMENT(S):

A. January 11, 2024 Special Meeting Minutes
ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:

APPROVED:

MINUTES OF THE SPECIAL MEETINGS OF THE

CITY COUNCIL
January 11, 2024

CALL TO ORDER
Mayor Sarno called the meeting to order at 6:02 p.m.

ROLL CALL
Members present: Councilmembers/Directors: Martin, Rodriguez, Zamora, Mayor Pro Tem/Vice Chair Rounds, and Mayor/Chair Sarno.

Members absent: None

INVOCATION
Cindy Jarvis led the invocation.

PLEDGE OF ALLEGIANCE
Youth Leadership Committee member Valerie Bojorquez led the invocation.

INTRODUCTIONS
Mayor Sarno introduced the following members from the Chamber of Commerce:

1. Ross Gile, Digical Web Designs and Embroidery Goods, Inc.

PRESENTATIONS

1. 2023 HOLIDAY HOME DECORATING CONTEST WINNERS (COMMUNITY

SERVICES)

2. TREE LIGHTING & SANTA FLOAT PROGRAMS RECAP (COMMUNITY

SERVICES)

3. HOLIDAY BASKET PROGRAMS RECAP (COMMUNITY SERVICES)

4. 2023 COMMUNITY SERVICES DEPARTMENT END OF YEAR RECAP OF

EVENTS (COMMUNITY SERVICES)

CHANGES TO AGENDA
There were no changes.

PUBLIC COMMENTS
Members of the Little Lake City School District spoke during public comment.

STAFF COMMUNICATIONS ON ITEMS OF COMMUNITY INTEREST
There were no staff communications.

Minutes of the January 11, 2024 Housing Successor, Successor Agency, and City Council Meetings

Page 2 ends

HOUSING SUCCESSOR AGENDA – NONE

SUCCESSOR AGENCY AND CITY COUNCIL AGENDA

PUBLIC HEARING

5. PUBLIC HEARING TO CONSIDER THE PROPOSED ZONE TEXT AMENDMENTS TO ENSURE THAT THE CITY’S ZONING ORDINANCE IS ALIGNED WITH THE STATE’S

ACCESSORY DWELLING UNIT (ADU) AND JUNIOR ACCESSORY DWELLING UNIT (JADU) STATUTES AND FIND THAT THE AMENDMENTS ARE EXEMPT FROM

CEQA (PLANNING)
RECOMMENDATION: It is recommended that the City Council:
1) Open the Public Hearing and receive the written and oral staff report and any comments from the public regarding the proposed zone text amendments related to ADU and JADU regulations; and
2) Find and determine that the proposed zone text amendments are consistent with the goals, policies, and program of the City’s General Plan; and 3) Find and determine that the proposed zone text amendments are consistent with the State’s ADU and JADU regulations; and
4) Find and determine that this Project is exempt from California Environmental Quality Act (CEQA) pursuant to Public Resource Code (PRC) Section 21080.17 which provides an exemption for the adoption of an ordinance by a city or county to implement the provisions of Section 65852.2 of the Government Code (the state ADU law); and
5) Waive further reading and introduce Ordinance No. 1134 by title, adopting Zone Text Amendments to ensure that the City’s Zoning Ordinance is aligned with the State’s Accessory Dwelling Unit (ADU) and Junior Accessory Dwelling Unit (JADU) statutes; and
6) Take such additional, related action that may be desirable.

City Manager, René Bobadilla provided a brief explanation on Item No. 5.

Mayor Sarno opened the public hearing at 6:35 p.m.

There was no one wishing to speak on Item No. 5.

Mayor Sarno closed the public hearing at 6:35 p.m.

It was moved by Councilmember Martin, seconded by Councilmember Zamora, to find and determine that the proposed zone text amendments are consistent with the goals, policies, and program of the City’s General Plan, find and determine that the proposed zone text amendments are consistent with the State’s ADU and JADU regulations, find and determine that this Project is exempt from California Environmental Quality Act Minutes of the January 11, 2024 Housing Successor, Successor Agency, and City Council Meetings

Page 3 ends

(CEQA) pursuant to Public Resource Code (PRC) Section 21080.17 which provides an exemption for the adoption of an ordinance by a city or county to implement the provisions of Section 65852.2 of the Government Code (the state ADU law), waive further reading and introduce Ordinance No. 1134 by title, adopting Zone Text Amendments to ensure that the City’s Zoning Ordinance is aligned with the State’s Accessory Dwelling Unit (ADU) and Junior Accessory Dwelling Unit (JADU) statutes, and take such additional, related action that may be desirable, by the following roll call vote:

Ayes: Martin, Rodriguez, Zamora, Rounds, Sarno
Nayes: None

Absent: None
Recused: None

6. A PUBLIC HEARING TO CONSIDER AN APPEAL OF THE PLANNING COMMISSION’S DECISION TO APPROVE ZONE DETERMINATION CASE NO. 2023- 01: A REQUEST TO DETERMINE THAT A BATTERY ENERGY STORAGE SYSTEM

USE WITH DIRECT CONNECTION TO A PUBLIC UTILITY GRID IS A SIMILAR AND

COMPATIBLE USE WITH OTHER SIMILARLY PRINCIPALLY PERMITTED USES LISTED IN THE M-2, HEAVY MANUFACTURING, ZONE; AND ADOPT A NOTICE OF EXEMPTION UNDER CEQA SECTION 15061(B)(3) (COMMON SENSE EXEMPTION) (PLANNING)
RECOMMENDATION: It is recommended that the City Council:

1) Open the public hearing, receive public testimony from anyone in the audience or on Zoom wishing to speak; and
2) Consider the information presented in the written and oral staff reports, in combination with the November 13, 2023 Planning Commission staff report and summary, which collectively provides the necessary background and context; and 3) Deny the appeal by Bridgeland Resources LLC; and
4) Find and determine that the project is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Section 15061(b)(3) (Common Sense Exemption) and;
5) Adopt City Council Resolution No. 9892, which incorporates the City Council’s findings and actions regarding the matter, which include to ratify the Planning Commission’s decision and to approve Zone Determination Case No. 2023-01 determining that a battery energy storage system use with direct connection to a public utility grid is similar to and compatible with other similarly principally permitted uses listed in the M2, Heavy Manufacturing, Zone and will not be inconsistent with the purpose of the M2 Zone; and 6) Take such additional, related action that may be desirable.

Contract Planner, Alejandro De Loera provided a presentation on Item No. 6. Council asked questions regarding safety and allowed uses in the M-2 zones in the City, as well Minutes of the January 11, 2024 Housing Successor, Successor Agency, and City Council Meetings

Page 4 ends

as is the type of batteries being stored. City Attorney, Ivy M. Tsai added that future code amendments can be made to accommodate for battery storage.

Mayor Sarno opened the public hearing at 6:57 p.m.

Elkins Kalt, representatives for the appellant Bridgeland Resources LLC, provided a presentation. Councilmember Martin and Rodriguez made comments about the authenticity of the letters received in opposition to the project and about the legality of the project.

Reed Smith, representatives for the applicant Gridstor, provided a rebuttal. Chris Baker and Ryan Schalk, speakers representing Gridstor also provided additional information.

Deputy City Clerk, Fernando Muñoz provided the names of the people who submitted public comments via email: two (2) letters from Elkins Kalt, Eric Cartier, Jeremy Flores, Kathie Fink, PMC Global representatives Waterstone Environmental, Phillip Babich, Ricardo Uribe, Robert Corona, and two (2) emails from Yeesmi Pulido.

The following people spoke during public comments: Christ Hite, Manny Solis, Tommy Faavae, Joe Sullivan, Deveney Pula, and Mindy Jenkins.

Elkins Kalt provided closing arguments.

Mayor Sarno closed the public hearing at 7:55 p.m.

It was moved by Mayor Pro Tem Rounds, seconded by Councilmember Martin, to deny the appeal by Bridgeland Resources LLC, find and determine that the project is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Section 15061(b)(3) (Common Sense Exemption), adopt City Council Resolution No. 9892, which incorporates the City Council’s findings and actions regarding the matter, which include to ratify the Planning Commission’s decision and to approve Zone Determination Case No. 2023-01 determining that a battery energy storage system use with direct connection to a public utility grid is similar to and compatible with other similarly principally permitted uses listed in the M-2, Heavy Manufacturing, Zone and will not be inconsistent with the purpose of the M-2 Zone, and take such additional, related action that may be desirable, by the following roll call vote:

Ayes: Martin, Rodriguez, Zamora, Rounds, Sarno
Nayes: None

Absent: None
Recused: None

OLD BUSINESS

7. APPOINTMENTS TO CITY COMMISSIONS/COMMITTEES AND EXTERNAL

ORGANIZATIONS (CITY CLERK)
RECOMMENDATION: It is recommended that the City Council:

1) Review and make appointments to City commissions and committees as desired; and Minutes of the January 11, 2024 Housing Successor, Successor Agency, and City Council Meetings

Page 5 ends

2) Review and make appointments to City Council liaisons to advisory committees as desired; and
3) Review and make appointments to City Council subcommittees as desired; and 4) Review and make appointments to external organizations as desired; and 5) Take such additional, related action that might be desirable.

City Manager, René Bobadilla provided a brief presentation on Item No. 7. Mayor Sarno asked for Council to determine if eliminating council liaisons from advisory committees would be beneficial, to which there was unanimous consensus. City Manager Bobadilla made a comment that advisory committee summaries and quarterly reports would be provided to Council to keep them apprised of ongoing business.

Mayor Sarno asked to only keep the CIP Project Subcommittee, Whittier PD Subcommittee, and the Parcel Tax for November 2024 Election Subcommittee. City Manager Bobadilla added that he and Director of Finance, Lana Dich would create budget workshops and quarterly financial reports to promote transparency and participation.

The following external committee appointments were made:

Organization Council
Liaison

California Contract
Cities Association
Martin

Chamber Youth
Enrichment Fund
Board
Rounds

City Selection
Committee
(League of Cal
Cities) (Mayor is
Rep)
Mayor
Alt - Martin

Gateway Cities
Council of
Governments
Zamora
Alt - Martin

91/605/405
Committee
(Subcommittee of
COG)
Zamora
Minutes of the January 11, 2024 Housing Successor, Successor Agency, and City Council Meetings

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I-5 Consortium
Policy Board
Martin
Alt -
Rounds

Joint Powers
Insurance
Authority
Martin
Alt -
Rounds

LA CADA Rodriguez
Alt - N/A

League of
California Cities
Mayor
Alt - Martin

Sanitation District
(Mayor is Rep)
Mayor
Alt -
Rounds

SFHS Education
Foundation
Rodriguez

SASSFA Rounds
Alt - N/A

SEAACA Rodriguez
Alt - Martin

Southeast Water
Coalition
Board
Zamora

Southern
California
Association of
Governments
(SCAG)
Martin
Alt -
Zamora

Vector Control
Appt can be for 2
or 4 yrs.

Rounds
Minutes of the January 11, 2024 Housing Successor, Successor Agency, and City Council Meetings

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It was moved by Councilmember Zamora, seconded by Councilmember Martin, to approve the Council appointments and incorporate the changes to council liaisons and subcommittees as recommended by Council and the City Manager, by the following vote:

Ayes: Martin, Rodriguez, Zamora, Rounds, Sarno
Nayes: None

Absent: None
Recused: None

REGULAR BUSINESS

8. AMENDMENT NO. 2 TO THE COOPERATIVE AND FUNDING AGREEMENT WITH

METRO FOR THE ROSECRANS/MARQUARDT GRADE SEPARATION PROJECT (PUBLIC WORKS)
RECOMMENDATION: It is recommended that the City Council:
1) Authorize the Mayor to sign Amendment No. 2 to the Cooperative and Funding Agreement for the Rosecrans/Marquardt Grade Separation Project between the Los Angeles County Metropolitan Transportation Authority and the City of Santa Fe Springs; and
2) Approve a Professional Services Agreement with RailPros, Inc. to provide rail road flagging services for the Rosecrans Marquardt Grade Separation Project; and 3) Take such additional, related action that may be desirable.

City Manager, René Bobadilla provided a brief presentation to Item No. 8.

It was moved by Councilmember Zamora, seconded by Mayor Pro Tem Rounds, to authorize the Mayor to sign Amendment No. 2 to the Cooperative and Funding Agreement for the Rosecrans/Marquardt Grade Separation Project between the Los Angeles County Metropolitan Transportation Authority and the City of Santa Fe Springs, approve a Professional Services Agreement with RailPros, Inc. to provide rail road flagging services for the Rosecrans Marquardt Grade Separation Project, and take such additional, related action that may be desirable, by the following vote:

Ayes: Martin, Rodriguez, Zamora, Rounds, Sarno
Nayes: None

Absent: None
Recused: None

Such approval will also waive the reading of any ordinance.

SUCCESSOR AGENCY

9. ADOPT RESOLUTION SA-2024-001 APPROVING THE SUCCESSOR AGENCY’S RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 24-25) AND Minutes of the January 11, 2024 Housing Successor, Successor Agency, and City Council Meetings

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ADMINISTRATIVE BUDGET FOR THE PERIOD JULY 1, 2024 THROUGH JUNE 30, 2025 (FINANCE)
RECOMMENDATION: It is recommended that the Successor Agency:
1) Adopt Resolution SA-2024-001 Approving the Successor Agency’s Recognized Obligation Payment Schedule (ROPS 24-25) and Administrative Budget for the Period July 1, 2024 through June 30, 2025.

CITY COUNCIL

10. LISTING AGREEMENT TO APPOINT COLLIER INTERNATIONAL GREATER LOS ANGELES, INC., THE EXCLUSIVE RIGHT TO NEGOTIATE THE RENEWAL OF A GROUND LEASE WITH THE UNITED STATES POSTAL SERVICE AT 11760

TELEGRAPH ROAD (PLANNING)
RECOMMENDATION: It is recommended that the City Council:
1) Approve the Listing Agreement appointing Colliers International Greater Los Angeles, Inc. (“Colliers”) as the City’s sole agent and granting to Colliers the exclusive right to negotiate the renewal of a ground lease with the United States Postal Services (USPS) for the real property located at 11760 Telegraph Road; and 2) Authorize the Mayor to execute the Listing Agreement; and 3) Take such additional, related action that may be desirable.

11. TRAFFIC ENFORCEMENT AGREEMENT WITH THE CALIFORNIA HIGHWAY

PATROL SANTA FE SPRINGS AREA (CHP) (POLICE SERVICES)
RECOMMENDATION: It is recommended that the City Council:
1) Authorize the Director of Police Services to enter into an agreement with the California Highway Patrol Santa Fe Springs Area (CHP) for traffic enforcement in an amount not to exceed $50,000 on a recurring fiscal year basis.

12. REVISION TO PERSONNEL POLICIES AND PROCEDURES MANUAL, SECTION 6-

3.7 HOURLY NON-BENEFITTED SICK LEAVE TO COMPLY WITH THE HEALTHY WORKPLACE/HEALTHY FAMILIES ACT OF 2014 (PAID SICK LEAVE) (HUMAN

RESOURCES)
RECOMMENDATION: It is recommended that the City Council:
1) Approve the revision to Personnel Policies and Procedures Manual (PPPM), Section 6-3.7 Hourly Non-Benefitted Sick Leave to comply with the Healthy Workplace/Healthy Families Act of 2014 (Paid Sick Leave).

13. CLARKE ESTATE PARKING LOT PAVING IMPROVEMENTS – AWARD OF

CONTRACT (PUBLIC WORKS)
Minutes of the January 11, 2024 Housing Successor, Successor Agency, and City Council Meetings

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RECOMMENDATION: It is recommended that the City Council:
1) Accept the bids; and
2) Award a contract to Prestige Paving Company, Inc. of La Mirada, California in the amount of $129,197.81; and
3) Take such additional, related action that may be desirable.

14. CALRECYCLE GRANT AND PAYMENT PROGRAMS (CITY MANAGER) RECOMMENDATION: It is recommended that the City Council:
1) Adopt a resolution authorizing the submittal of application(s) for all CalRecycle Grant and Payment Programs for which the City is eligible.

It was moved by Councilmember Zamora, seconded by Councilmember Rodriguez, to approve the consent calendar, by the following vote:

Ayes: Martin, Rodriguez, Zamora, Rounds, Sarno
Nayes: None

Absent: None
Recused: None
COUNCIL COMMENTS/AB1234 COUNCIL CONFERENCE REPORTING
Councilmember Zamora wished everyone a Happy New Year and talked about the prospects of a one-stop shop for development projects. City Manager Bobadilla added that they have interviewed four (4) firms to provide in-house plan check services.

Councilmember Martin also wished everyone a Happy New Year and admired the number of people in attendance. The thanked staff and commented on the battery storage project.

Councilmember Rodriguez commended staff and congratulated the Mayor and Mayor Pro Tem. Lastly, she thanked commissioners and staff for their hard work.

Mayor Pro Tem Rounds welcomed everyone to 2024 and talked about the growth in the City, stating that Santa Fe Springs is not afraid to try new things.

Mayor Sarno directed staff to create a policy for council rotation for mayor and mayor pro tem positons and for rules governing council meetings. He commented on Gridstor and thanked Councilmember Martin for her term as Mayor.

ADJOURNMENT
Mayor Sarno adjourned the meeting at 8:26 p.m.

Minutes of the January 11, 2024 Housing Successor, Successor Agency, and City Council Meetings

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_____________________
Jay Sarno
Mayor
ATTEST:
_____________________
Fernando N. Muñoz Date
Deputy City Clerk
ITEM # 10

CITY OF SANTA FE SPRINGS

CITY COUNCIL AGENDA STAFF REPORT
TO: Honorable Mayor and City Council Members

FROM: René Bobadilla, P.E., City Manager

BY: Fernando N. Muñoz, CMC, Deputy City Clerk

SUBJECT: RESOLUTION NO. 9896 – WEED ABATEMENT
DATE: February 6, 2024
RECOMMENDATION(S):

It is recommended that the City Council:
1) Adopt Resolution No. 9896 declaring weeds a public nuisance, declaring its intention to remove them, and setting Tuesday, February 20, 2024 as the date for Public Hearing.

FISCAL IMPACT
N/A

BACKGROUND
The City contracts with the Los Angeles County Agricultural Commissioner for the abatement of weeds. The county has conducted their annual inspection of the properties in the City and listed those needing weeds abated. If the proposed resolution is passed, it will declare hazardous weeds, brush, rubbish, etc., growing or occurring upon or in front of the listed properties as a seasonal and recurrent public nuisance. Weed abatement notices will be mailed to all property owners listed on or before February 1st, 2024.

Resolution No. 9896 declares the weeds to be a public nuisance and sets a Public Hearing on the matter for Tuesday, February 20, 2024, at 6:00 p.m. where property owners will have an opportunity to object to any part of the weed abatement process.

Resolution No. 9896 provides property owners with the option of abating the weeds themselves, contracting the work to others, or having the County Agricultural CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 6, 2024 2024 Weed Abatement Page 2 of 2
Commissioner’s contractor perform the work. Costs for work performed by the County, if approved by the City Council, will be assessed to the respective property owner’s tax bill.

ANALYSIS
N/A

ENVIRONMENTAL
N/A

DISCUSSION
N/A

SUMMARY/NEXT STEPS
If approved, the public hearing for weed abatement charges will be held on February 20, 2024.

ATTACHMENT(S):

A. Resolution No. 9896
B. Declaration List
ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:

APPROVED:

ITEM NO.:
1 RESOLUTION NO. 9896
RESOLUTION NO. 9896

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA FE SPRINGS

DECLARING THAT WEEDS, BRUSH, RUBBISH AND REFUSE UPON OR IN FRONT

OF SPECIFIED PROPERTY IN THE CITY ARE A SEASONAL AND RECURRENT

PUBLIC NUISANCE, AND DECLARING ITS INTENTION TO PROVIDE FOR THE

ABATEMENT THEREOF

THE CITY COUNCIL OF THE CITY OF SANTA FE SPRINGS DOES RESOLVE AS FOLLOWS:

BE IT RESOLVED THAT, pursuant to the provisions of Title 4, Division 3, Part 2, Chapter 13, Article 2, of the California Government Code, Sections 39560 to 39588, inclusive, and evidence received by it, the City Council of the City of Santa Fe Springs specifically finds:

SECTION 1. That the weeds, brush or rubbish growing or existing upon the streets, sidewalks, or private property in the city attain such large growth as to become, when dry, a fire menace to adjacent improved property, or which are otherwise noxious, dangerous, or a public nuisance.

SECTION 2. That the presence of dry grass, stubble, refuse, or other flammable materials are conditions which endanger the public safety by creating a fire hazard.

SECTION 3. That by reason of the foregoing fact, the weeds, brush, rubbish, dry grass, stubble, refuse, or other flammable material growing or existing upon the private property hereinafter described, and upon the streets and sidewalks in front of said property constitute a seasonal and recurrent public nuisance and should be abated as such.

SECTION 4. That the private property, together with the streets and sidewalks in front of same herein referred to, is more particularly described as follows, to wit: That certain property described in the attached list hereto and by this reference made a part hereof as though set forth in full at this point.

BE IT THEREFORE RESOLVED, pursuant to the findings of fact, by this Council heretofore made, that the weeds, brush, rubbish, dry grass, stubble, refuse, or other flammable material in and upon and in front of the real property hereinbefore described constitute and are hereby declared to be a seasonal and recurrent public nuisance which should be abated. The Agricultural Commissioner/Director of Weights and Measures, County of Los Angeles, is hereby designated the person to give notice to destroy said weeds, brush, rubbish, dry grass, stubble, refuse, or other flammable material and shall cause notices to be given to each property owner by United States Mail and said notice shall be substantially in the following form to wit.

APPROVED:

ITEM NO.:
2 RESOLUTION NO. 9896

NOTICE TO DESTROY WEEDS,

REMOVE BRUSH, RUBBISH AND REFUSE
Notice is hereby given that on February 6, 2024, the City Council of the City of Santa Fe Springs passed or will pass a resolution declaring noxious or dangerous vegetation including weeds, brush, tumbleweeds, sagebrush, and chaparral or rubbish and refuse were growing or occurring upon or in front of said property on certain streets in said city or unincorporated area of the County of Los Angeles, and more particularly described in the resolution, and that they constitute a public nuisance which must be abated by the removal of said noxious or dangerous vegetation, rubbish and refuse. The resolution further declares that, if not abated, the vegetation and/or rubbish and refuse may be removed and the nuisance abated by County authorities in which case the cost of removal shall be assessed upon the land from or in front of which the noxious or dangerous vegetation, rubbish and refuse are removed. Such cost will constitute a special assessment against such lots or lands. Reference is hereby made to said resolution for further particulars. In addition, the Board of Supervisors of the County of Los Angeles authorized and directed the Agricultural Commissioner to recover its costs of details. All property owners having any objections to the proposed removal of noxious or dangerous vegetation, rubbish and refuse and the recovery of inspection costs, are hereby notified that they may attend a hearing of the City Council of said city to be held at 11710 East Telegraph Road, Santa Fe Springs, CA 90670, in the Council Chambers on February 20, 2024 at 6:00 p.m. where their objections will be heard and given due consideration. If the property owner does not want to present objections to the proposed removal of the noxious or dangerous vegetation including weeds, brush, tumbleweeds, sagebrush, and chaparral or rubbish and refuse, or the recovery of inspection costs, the owner need not appear at the above mentioned hearing.
__________________________________________
City Clerk of the City of Santa Fe Springs
APPROVED:

ITEM NO.:
3 RESOLUTION NO. 9896
BE IT THEREFORE RESOLVED, that the Agricultural Commissioner is hereby authorized and directed to recover its costs of inspection of the properties hereinabove described in a manner consistent with prior action of the Board adopting a fee schedule for such inspections. The recovery of these costs is vital to the ongoing operation governing the identification and abatement of those properties that constitute a seasonal and recurrent public nuisance and endanger the public safety.

BE IT FURTHER RESOLVED THAT, the 20th day of February, 2024, at the hour of 6:00 p.m. of said day is the day and hour, and the Meeting Room of the City Council of the City of Santa Fe Springs in the City Hall in the City of Santa Fe Springs is fixed by this City Council as the place when and where any and all property owners having any objections to the aforesaid proposed removal of weeds, brush, rubbish, dry grass, stubble, refuse, or other flammable material may appear before the City Council and show cause why said weeds, brush, rubbish, dry grass, stubble, refuse, or other flammable material should not be removed in accordance with this resolution, and said objections will then and there be heard and given due consideration; and BE IT RESOLVED THAT the notices to destroy weeds, brush, rubbish, dry grass, stubble, refuse or other flammable material hereinbefore referred to shall be mailed by said Agricultural Commissioner/Director of Weights and Measures at least ten days prior to February 20, 2024.

PASSED and ADOPTED this 6
th day of February, 2024 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
____________________________
Jay Sarno, Mayor
ATTEST:
_________________________________
Fernando N. Muñoz, CMC, Deputy City Clerk

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STATE OF CALIFORNIA DEPT OF
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CITY OF SANTA FE SPRINGS

LOS ANGELES COUNTY DECLARATION LIST
2024

PARCEL LOCATION OWNER MAILING ADDRESS CITY/STATE ZIP
KEY OF 8, CITY CODE 623 (UNIMPROVED)

CITY OF SANTA FE SPRINGS

LOS ANGELES COUNTY DECLARATION LIST
2024
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PARCEL LOCATION OWNER MAILING ADDRESS CITY/STATE ZIP
KEY OF 8, CITY CODE 623 (UNIMPROVED)

CITY OF SANTA FE SPRINGS

LOS ANGELES COUNTY DECLARATION LIST
2024
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85 TOTAL UNIMPROVED RECORDS

TOTAL RECORDS

TOTAL VACANT/IMPROVED RECORDS
ITEM # 11

CITY OF SANTA FE SPRINGS

CITY COUNCIL AGENDA STAFF REPORT
TO: Honorable Mayor and City Council Members

FROM: René Bobadilla, P.E., City Manager

BY: Lana Dich, City Treasurer

SUBJECT: TREASURER’S REPORT OF INVESTMENTS FOR THE QUARTER ENDED DECEMBER 31, 2023
DATE: February 6, 2024
RECOMMENDATION(S):

It is recommended that the City Council:
1) Receive and file the report.

FISCAL IMPACT
Investment earnings for the quarter ended December 31, 2023 amounted to $1,371,082.82.

BACKGROUND/DISCUSSION
Beginning January 2016, the City retained PFM Asset Management LLC (“PFMAM”) to manage $20.8 million of the City’s reserve funds (“managed portfolio”).

Based on a cash flow analysis and discussion with PFMAM and the City Council Audit Subcommittee, an additional $10.0 million of the City’s reserve funds were added to the portfolio in May 2017, and $35.0 million in January 2023 bringing the total principal invested to $65.8 million.

At the end of each calendar quarter, PFMAM provides a detailed written report covering general market conditions as well as the balances and transactions of the City’s portfolio for the previous quarter. PFMAM’s detailed report is attached to this Treasurer’s Report.

CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 6, 2024 Treasurer’s Report of Investments for the Quarter Ended December 31, 2023

Page 2 of 4 ends

Ms. Sarah Meacham, Director with PFMAM, along with her staff, have also regularly provided an update, including a detailed review of the results of the portfolio for the quarter, a discussion of the investment strategies and policies which govern the City’s portfolio, and general market conditions.

ANALYSIS
The City’s managed portfolio generated interest income in the amount of $550,360 for the most recent quarter. The interest income represents actual cash receipts received by the City, plus the amortization of any discounts or premiums, as well as realized gains and losses. The figure does not include unrealized gains or losses (i.e. changes in market value).

The overall performance of the City’s managed portfolio account is expressed in a “yield” and “total return”. The yield is a forward-looking measurement which shows the income and dividends on the investments to be expected in the future based on current holdings, expressed as an annual rate of return. The City’s yield (at cost value) on December 31, 2023 was 3.68%, increase from 3.53% the previous quarter.

Total return on the other hand, is a backward-looking measurement focused on not only interest earned, but also realized and unrealized gains/losses. Realized gains/losses result from selling a security at a price higher or lower than was actually paid to purchase it. Unrealized gains/losses result from market value increases and decreases in security values for securities which are still held in the portfolio.

Of particular importance to the City’s portfolio is the inverse relationship between yield and market value. In general, when yields go up, market values go down, and vice versa.

For example, if the City is holding a bond which pays 1.0% and the market yield increases to 1.1% the market value of the City’s 1.0% security will decline so that an investor purchasing the security would pay a price below face value which would cause the security to yield 1.1% even though it only pays 1.0%. If held until maturity, the security would pay the full face value along with the 1.0% stated interest throughout the term. In other words, “unrealized” gains/losses are not “realized” unless the security is actually sold prior to maturity.

The yield at June 30, 2016 was 1.25% and rose to 3.68% as of December 31, 2023. This has resulted in unrealized losses, however, it is important to point out that the investments continue to pay the stated interest on the security. The unrealized losses simply represent the amount that the City would lose, if the security was sold in the current market conditions. It is not an actual loss of the City’s principal value invested. It is also important to remember that rising yield markets are good in the sense that as securities mature, they are replaced with higher rate securities, increasing the overall interest income of the portfolio.

CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 6, 2024 Treasurer’s Report of Investments for the Quarter Ended December 31, 2023

Page 3 of 4 ends

Because the total return (as opposed to the yield) takes into account realized and unrealized gains/losses, it is generally compared against a target benchmark to evaluate portfolio performance. The City’s benchmark is the 1-5 Year U.S. Treasury Index. The total return for the City’s portfolio for the quarter ended December 31, 2023 was 3.28% vs. the benchmark’s total return of 3.10%; the City’s portfolio outperformed the benchmark by 0.18%. Since inception of the managed portfolio (January 2016) the total return for the City’s portfolio was 1.33% vs. the benchmark total return of 0.99% through December 31, 2023.

Aside from the PFMAM managed portfolio, the City’s other investments are the Local Agency Investment Fund (“LAIF”), a pooled investment fund managed by the California State Treasurer; the California Asset Management Program (“CAMP”), a pooled investment fund managed by PFMAM; and the First American Treasury Obligations Fund, a U.S. Treasury money market fund (“MMF”) used by the City’s bond trustee. LAIF returned an annualized rate of 4.00% for the quarter while CAMP returned 5.56% and the MMF returned 4.83%. Interest earnings for the quarter amounted to $240,997, $532,203, and $47,522, respectively, for the LAIF, CAMP, and the MMF accounts.

ENVIRONMENTAL
None

SUMMARY/NEXT STEPS
The attached Treasurer’s Report contains all investments under the control of the City.

The investments, at market value, are summarized as follows:

Pooled Cash and Investments $ 139.0 million
Successor Agency Bond Funds 18.8 million
Bonds Reserves and Debt Service 3.4 million
Total Investments $ 161.2 million
Pooled cash and investments consist of the PFMAM managed account, LAIF, and CAMP.

The Successor Agency bond funds are held in LAIF and are the source of funds for ongoing capital improvement projects. Spending on multiple capital projects has occurred and these funds will be drawn down for deposit into the City’s pooled cash and investments.

The bond reserves and debt service funds consist of the MMF accounts held, as required, by the City’s third party trustee, U.S. Bank. These funds are held for debt service payments and reserves for bond issuances of the Water Utility Authority, the Successor Agency, and the Heritage Springs Assessment District.

CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 6, 2024 Treasurer’s Report of Investments for the Quarter Ended December 31, 2023

Page 4 of 4 ends

The investments, at market value, are summarized by type as follows:

PFMAM Managed Portfolio $ 69.9 million
LAIF 23.8 million
CAMP 64.1 million
MMF 3.4 million
Total Investments $161.2 million
PFMAM and Staff will continue to work with the City Council Audit Subcommittee to review any proposed changes to the portfolio make-up.

ATTACHMENT(S):

A. Attachment A – Treasurer’s Report of Investments (Quarter Ended December 31, 2023)
B. Attachment B – PFMAM Investment Performance Review (Quarter Ended December 31, 2023)
ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:

QUARTERLY

BEGINNING DEPOSITS/ WITHDRAWALS/ ENDING MARKET INVESTMENT ANNUAL

DESCRIPTION BALANCE PURCHASES SALES BALANCE VALUE EARNING YIELD POOLED INVESTMENTS:

PFM MANAGED PORTFOLIO (1) $ 70,213,681.59 $ 7,702,774.59 $ 7,329,405.04 $ 70,587,051.14 $ 69,888,278.65 $ 550,360.00 3.68% CALIFORNIA ASSET MANAGEMENT PROGRAM 65,946,558.05 21,532,203.30 23,400,416.67 64,078,344.68 64,078,344.68 532,203.30 5.56% LOCAL AGENCY INVESTMENT FUND 5,060,544.53 45,607.08 - 5,106,151.61 5,073,181.86 51,297.22 4.00% SUBTOTAL POOLED INVESTMENTS 141,220,784.17 29,280,584.97 30,729,821.71 139,771,547.43 139,039,805.19 1,133,860.52 SUCCESSOR AGENCY BOND FUNDS (2):

LOCAL AGENCY INVESTMENT FUND 18,714,106.13 168,756.28 - 18,882,862.41 18,760,938.24 189,700.14 4.00% SUCCESSOR AGENCY FUNDS:

LOCAL AGENCY INVESTMENT FUND 0.96 - - 0.96 0.95 - 4.00% INVESTMENTS HELD BY FISCAL AGENT (3):

U.S. BANK CORPORATE TRUST MONEY MARKET FUNDS:

First American Treasury Obligations Fund Class D:

City of Santa Fe Springs 577,390.73 132,085.40 135,508.25 573,967.88 573,967.88 14,025.64 4.83% Successor Agency 2,608,388.87 31,340.21 -
2,639,729.08 2,639,729.08 31,340.21 4.83%
Heritage Springs Assessment District 173,349.83 2,156.31 175,506.14 175,506.14 2,156.31 4.83% Subtotal First American Treasury Obligations Fund Class D 3,359,129.43 165,581.92 135,508.25 3,389,203.10 3,389,203.10 47,522.16 SUBTOTAL INVESTMENTS HELD BY FISCAL AGENT (U.S. BANK) 3,359,129.43 165,581.92 135,508.25 3,389,203.10 3,389,203.10 47,522.16 TOTAL INVESTMENTS $163,294,020.69 $ 29,614,923.17 $ 30,865,329.96 $ 162,043,613.90 $161,189,947.48 $1,371,082.82 Notes:
(1) See attached report prepared by PFM, the City's investment manager, for detailed analysis of the managed portfolio. All information except for the market value is reported on the amortized cost basis. Investment earnings on the amortized cost basis do not include unrealized gains and losses. (2) Unspent bond proceeds of the former redevelopment agency to be used for ongoing capital improvement projects. (3) Fiscal agent accounts are held by U.S. Bank as Trustee for debt service reserves and payment of bond principal and interest.

CERTIFICATION:

The investment transactions are in compliance with the investment policy approved by the City Council.

There is sufficient liquidity within the portfolio to meet all anticipated expenditures for the next six months.

LANA DICH, CITY TREASURER

CITY OF SANTA FE SPRINGS

TREASURER'S REPORT OF INVESTMENTS
QUARTER ENDED DECEMBER 31, 2023
Investment Performance Review
For the Quarter Ended December 31, 2023
Client Management Team PFM Asset Management LLC
Moniqe Spyke, Managing DirectorJames Sims, CFA, Managing DirectorRichard Babbe, CCM, Senior Managing Consultant 213 Market Street
Harrisburg, PA 17101-2141
717-232-2723
633 W 5th St., 25th Floor
Los Angeles, CA 90071
213-415-1699
NOT FDIC INSURED : NO BANK GUARANTEE : MAY LOSE VALUE
For Institutional Investor or Investment Professional Use Only - This material is not for inspection by, distribution to, or quotation to the general public City of Santa Fe Springs
© PFM Asset Management LLC pfmam.com |
Market Update
PFM Asset Management LLC
For the Quarter Ended March 31, 2022
Market Update
The U.S. economy is characterized by:
Economic resilience but expectations for a slowdown Cooling inflation that still remains above the Federal Reserve’s (“Fed”) target The labor market coming into better balance Consumers that continue to support growth through spending Federal Reserve signals end to rate hiking cycle
Fed projected to cut the short-term Fed funds rate by 75 basis points by December 2024, with the overnight rate falling to 4.50% to 4.75%
Markets are pricing a more aggressive 6 rate cuts by year end Fed officials reaffirm that restoring price stability is the priority Treasury yields ended the quarter materially lower
After peaking in October, yields reversed course on dovish Fed pivot Yield curve inversion persisted throughout the rally Credit spreads narrowed sharply on increased expectations for a soft landing

CLIENT NAME
For the Quarter Ended December 31, 2023
Market Update
© PFM Asset Management LLC | pfmam.com
Current Market Themes
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Market Update
© PFM Asset Management LLC pfmam.com |
1 Source: Bloomberg, as of December 2023.

For the Quarter Ended March 31, 2022
MarketUpdate
For the Quarter Ended December 31, 2023
Market Update
© PFM Asset Management LLC | pfmam.com
Lower energy
and goods prices
helped to offset
increases in
wage-driven
services costs 3.4%
-2%
0%
2%
4%
6%
8%
10%
Jan-20 Jul-20 Jan-21 Jul-21 Jan-22 Jul-22 Jan-23 Jul-23 Factors Contributing to the Consumer Price Index (CPI YoY) Food Energy Core Goods Core Services CPI
Dec - 23
City of Santa Fe Springs
2 Source: Bloomberg, Economist Forecasts.

For the Quarter Ended March 31, 2022
Market Update

CLIENT NAME
For the Quarter Ended December 31, 2023
Market Update
© PFM Asset Management LLC | pfmam.com
Balanced Risks Support Soft Landing

2.2% 2.1%

4.9%

2.6%

1.3%

1.7%

0.0%1.0%

2.0%3.0%4.0%5.0%6.0%
Q1 '23 Q2 '23 Q3 '23 Q4 '23 2024 2025
U.S. GDP Forecasts
Annualized Rate
Actual Range Median of Forecasts Employment
Consumer
Wages
Manufacturing
Housing
Inverted yield curve
Fed Policy
Inflation
Credit spreads
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Market Update
© PFM Asset Management LLC pfmam.com |
3 5.4%

4.6%

3.6%

2.9% 2.5%
0%2%
4%6%
8%
2023 2024 2025 2026 Longer
Run
Federal Funds Rate
September Projections December Projections

2.8%

2.4%

2.1% 2.0% 2.0%
0%1%
2%3%
4%5%
2023 2024 2025 2026 Longer
Run
PCE Inflation
September Projections December Projections

3.8% 4.1% 4.1% 4.1% 4.1%
0%1%
2%3%
4%5%6%
2023 2024 2025 2026 Longer
Run
Unemployment Rate
September Projections December Projections
Federal Reserve Projects a Soft Landing
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended December 31, 2023
Market Update
Source: Federal Reserve, latest economic projections as of December 2023.

2.6%

1.4%

1.8% 1.9% 1.8%
0%1%
2%3%
4%
2023 2024 2025 2026 Longer
Run
Change in Real GDP
September Projections December Projections
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Market Update
© PFM Asset Management LLC pfmam.com |
4 Market Expects Lower Rates
Source: Bloomberg, as of December 2023.
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
Market Update

CLIENT NAME
For the Quarter Ended December 31, 2023
Market Update
Expectations for
Fed Funds have
reached their
most dovish
levels in 6
months in
response to
falling inflation,
Fed pivot and
moderating
labor market

2.00%2.50%3.00%3.50%4.00%4.50%5.00%5.50%6.00%
Dec-23 Jun-24 Dec-24 Jun-25 Dec-25
Implied Fed Funds Rate
6-Month Range Fed Funds as of December 29, 2023 Fed Funds as of September 29, 2023 -89 bps
-108 bps
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Market Update
© PFM Asset Management LLC pfmam.com |
5 Rates Fall on Softer Inflation and Fed Pivot
PFM Asset Management LLC
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
Market Update

CLIENT NAME
For the Quarter Ended December 31, 2023
Market Update
Source: Bloomberg, as of 12/31/2023.

4.00%4.25%4.50%4.75%5.00%5.25%5.50%
Oct-23 Nov-23 Dec-23 Jan-24
2-Year US Treasury Yield
Week of November 27thFed speeches portend policy shift-41 bps November 14thCPI inflation cools more than markets expected-20 bps December 13thFed releases updated dot plot showing 3 cuts in ’24-30 bps November 1st - 3rd
Fed keeps rates unchanged and Treasury slows pace of debt issuance-25 bps City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Market Update
© PFM Asset Management LLC pfmam.com |
6 Interest Rates Moderate But Remain High
PFM Asset Management LLC
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
Market Update

CLIENT NAME
For the Quarter Ended December 31, 2023
Market Update
Source: Bloomberg, as of December 31, 2023.

5.33%

4.25%

3.85% 3.88% 4.03%

0.0%1.
0 %

2.0%3.0%4.0%5.0%6.0%
Yield
Maturity
U.S. Treasury Yield Curve
15 Year RangeDecember 31, 2023September 30, 2023
3-Month 2-Year 5-Year 10-Year 30-Year
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Market Update
© PFM Asset Management LLC pfmam.com |
7 Sector Yield Spreads
PFM Asset Management LLC
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended December 31, 2023
Market Update
Source: ICE BofA 1-5 year Indices via Bloomberg, MarketAxess and PFMAM as of December 31, 2023. Spreads on ABS and MBS are option-adjusted spreads of 0-5 year indices based on weighted average life; spreads on agencies are relative to comparable maturity Treasuries.

CMBS is Commercial Mortgage-Backed Securities and represented by the ICE BofA Agency CMBS Index.

0.0%0.1%0.2%0.3%0.4%
Sep-23 Oct-23 Nov-23 Dec-23
Federal Agency Yield Spreads
Bullet Callable 1 Year Average

0.4%0.5%0.6%0.7%0.8%0.9%1.0%
Sep-23 Oct-23 Nov-23 Dec-23
Corporate Notes A-AAA Yield Spreads
1-5 Yr. AAA-A Corp 1 Year Average

0.0%0.2%0.4%0.6%0.8%1.0%1.2%
Sep-23 Oct-23 Nov-23 Dec-23
Mortgage-Backed Securities Yield Spreads
Agency MBS Agency CMBS Index 1 Year Average

0.5%0.6%0.7%0.8%0.9%1.0%
Sep-23 Oct-23 Nov-23 Dec-23
Asset-Backed Securities AAA Yield Spreads
AAA ABS 1 Year Average
8 bps
80 bps
55 bps 81 bps
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Market Update
© PFM Asset Management LLC pfmam.com |
8 Fixed-Income Markets in 4Q 2023
1-5 Year Indices
PFM Asset Management LLC
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
Market Update

CLIENT NAME
For the Quarter Ended December 31, 2023
Market Update
Source: ICE BofA Indices. ABS indices are 0-5 year, based on weighted average life. As of December 31, 2023.

3.10%

2.81%

2.47%

3.82%

4.13%

0.0%1.0%2.0%3.0%4.0%5.0%
U.S. Treasury
Agency
ABS
Corp A-AAA
Corp BBB
1-5 Year Indices Quarterly Returns

4.30%

4.69%

5.40%

5.89%

6.82%

0.0%1.0%2.0%3.0%4.0%5.0%6.0%7.0%8.0%
U.S. Treasury
Agency
ABS
Corp A-AAA
Corp BBB
1-Year Return
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Market Update
© PFM Asset Management LLC pfmam.com |
9 © PFM Asset Management LLC pfmam.com |
Portfolio Review
© PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Snapshot
|
Total market value includes accrued interest and balances invested in CAMP, as of December 31, 2023.Yield and duration calculations exclude balances invested in CAMP.The portfolio’s benchmark is the ICE BofA 1-5 Year U.S. Treasury Index. Source: Bloomberg.

An average of each security’s credit rating was assigned a numeric value and adjusted for its relative weighting in the portfolio.

1. Portfolio Snapshot¹
Credit Quality - S&P
4%
33%
26% 28%
9%
4%
34%
27%
21%
14%
0%5%
10%15%20%25%30%35%
0-1 Yr 1-2 Yrs 2-3 Yrs 3-4 Yrs 4-5 Yrs
Portfolio Benchmark
Duration Distribution
U.S. Treasury | 45%Corporate | 21%
Agency CMBS | 14%ABS | 14%
Federal Agency | 2%Negotiable CD | 2%Municipal | 1%Supranational | <1%Joint Powers Authority | <1% Sector Allocation
AAA | 10%AAAm | <1%AA+ | 62%AA | 2%AA- | 3%A+ | 5%A | 7%A- | 5%A-1 | <1% BBB+ | 1%Not Rated | 4%
Portfolio Statistics
Portfolio Effective Duration 2.50 years
Benchmark Effective Duration 2.53 yearsPortfolio Credit Quality AA Yield At Market 4.36%
Yield At Cost 3.68%
Total Market Value $70,339,343.63
Managed Account Sub-Total $69,841,361.89Pool $46,916.76 Accrued Interest $451,064.98
10 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Account Summary
|

0.1%

13.4%

21.5%

2.0%

1.3%

0.4%

13.9%

2.4%

45.0%

0.0% 20.0% 40.0% 60.0% 80.0% 100.0%
Joint Powers Authority - $46,917
ABS - $9,440,478
Corporate - $15,126,427
Negotiable CD - $1,431,258
Municipal - $907,444
Supranational - $266,919
Agency CMBS - $9,784,685
Federal Agency - $1,669,224
U.S. Treasury - $31,665,992
Portfolio Allocation Sector Limit for Analysis*
Sector Allocation Analytics
For informational/analytical purposes only and is not provided for compliance assurance. Includes accrued interest.*Sector Limit for Analysis is as derived from our interpretation of your most recent Investment Policy as provided. 11 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Compliance
|
Note: Pre- and post-trade compliance for the account(s) managed by PFM Asset Management is provided via Bloomberg Asset and Investment Management ("AIM").

Certificate of Compliance
During the reporting period for the quarter ended December 31, 2023, the account(s) managed by PFM Asset Management("PFMAM") were in compliance with the applicable investment policy and guidelines as furnished to PFMAM.

Acknowledged : PFM Asset Management LLC
12 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Characteristics
|
Historical Sector Allocation
Only includes fixed-income securities held within the separately managed account(s) and LGIPs managed by PFMAM. 50%
2%
11%
1% 2%
21%12%
Sep-23
45%
<1%
14%
2%
21%14%
Dec-23
1% 1%
2%
<1%
13 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Activity
|
Portfolio Activity
Net Activity by Sector
($ millions)
U.S. TreasurySupranational
Corporate
ABS
Agency CMBS
U.S. Treasury
Supranational
Corporate
ABS
Agency CMBS
($6.0) ($4.0) ($2.0) $0.0 $2.0 $4.0
Based on total proceeds (principal and accrued interest) of buys, sells, maturities, and principal paydowns. Detail may not add to total due to rounding.

Sector Net Activity
Agency CMBS $2,296,925ABS $1,127,314
Corporate $727,881Supranational ($316,610)U.S. Treasury ($3,509,621)Total Net Activity $325,889 Sales/Maturities Purchases
14 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Performance
|

1. The lesser of 10 years or since inception is shown. Since inception returns for periods one year or less are not shown. Performance inception date is March 31, 2016.2. Interest earned calculated as the ending accrued interest less beginning accrued interest, plus net interest activity.3. Returns for periods one year or less are presented on a periodic basis. Returns for periods greater than one year are presented on an annualized basis.4. The portfolio’s benchmark is the ICE BofA 1-5 Year U.S. Treasury Index. Source: Bloomberg. -2.0%

0.0%2.0%4.0%6.0%
Return
Portfolio Benchmark
Portfolio Performance
Market Value Basis Earnings 3 Months 1 Year 3 Years 5 Years Since Inception¹ Interest Earned² $563,657 $2,055,971 $2,991,174 $4,411,485 $5,799,029 Change in Market Value $1,669,421 $989,097 ($1,889,398) $955,847 $11,500,723 Total Dollar Return $2,233,078 $3,045,068 $1,101,776 $5,367,332 $17,299,752 Total Return³
Portfolio 3.28% 4.69% -0.41% 1.59% 1.33%Benchmark⁴ 3.10% 4.30% -0.76% 1.21% 0.99% 3 Months 1 Year 3 Years 5 Years Since Inception
Difference 0.18% 0.39% 0.35% 0.38% 0.34%
15 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Performance
|

1. The lesser of 10 years or since inception is shown. Performance inception date is March 31, 2016.2. Interest earned calculated as the ending accrued interest less beginning accrued interest, plus net interest activity.3. Realized gains / (losses) are shown on an amortized cost basis.

Accrual Basis Earnings
Accrual Basis EarningsInterest Earned²Realized Gains / (Losses)³Change in Amortized CostTotal Earnings 3 Months
$563,657
($83,951)
$70,655
$550,360
1 Year
$2,055,971
($456,752)
$239,503
$1,838,722
3 Years
$2,991,174
($386,088)
$253,210
$2,858,296
5 Year
$4,411,485
($147,003)
$4,597,344$8,861,826
Since Inception¹
$5,799,029
($342,324)
$6,892,404
$12,349,110
16 Fixed-Income Sector Outlook – 1Q 2024
Negative Slightly Negative Neutral Slightly Positive Current outlook Outlook one quarter ago Positive Sector Our Investment Preferences

C O M M E R C I A L PA P E R
/ C D

T R E A S U R I E S
T-Bill
T-Note

F E D E R A L A G E N C I E S
Bullets
Callables

S U P R A N AT I O N A L S

C O R P O R AT E S
Financials
Industrials

S E C U R I T I Z E D
Asset-Backed
Agency Mortgage-Backed
Agency CMBS

M U N I C I PA L S
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended December 31, 2023
City of Santa Fe Springs Market Update
For the Quarter Ended December 31, 2023
Market Update
© PFM Asset Management LLC pfmam.com |
17 © PFM Asset Management LLC | pfmam.com
Issuer Distribution
© PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Summary
|
Ratings shown are calculated by assigning a numeral value to each security rating, then calculating a weighted average rating for each security type / issuer category using all available security ratings,excluding Not-Rated (NR) ratings. For security type / issuer categories where a rating from the applicable NRSRO is not available, a rating of NR is assigned. Includes accrued interest and excludes balancesinvested in overnight funds.

Issuer Diversification
Security Type / Issuer Market Value (%) S&P / Moody's / FitchU.S. Treasury 45.0% UNITED STATES TREASURY 45.0% AA / Aaa / AA
Federal Agency 2.4%
FANNIE MAE 1.5% AA / Aaa / AAFREDDIE MAC 0.9% AA / Aaa / AA Agency CMBS 13.9%
FANNIE MAE 1.9% AA / Aaa / AAFREDDIE MAC 12.1% AA / Aaa / AA Supranational 0.4%
INTL BANK OF RECONSTRUCTION AND DEV 0.4% AAA / Aaa / AAA Municipal 1.3%
FLORIDA STATE BOARD OF ADMIN FIN CORP 0.3% AA / Aa / AANEW JERSEY TURNPIKE AUTHORITY 0.1% AA / A / ANEW YORK ST URBAN DEVELOPMENT CORP 0.5% NR / NR / AASTATE OF CALIFORNIA 0.4% AA / Aa / AA Negotiable CD 2.0%
CREDIT AGRICOLE SA 0.4% A / Aa / AANATIXIS NY BRANCH 0.7% A / A / ANORDEA BANK ABP 0.5% AA / Aa / AATORONTO-DOMINION BANK 0.5% A / A / NR Corporate 21.5%
ADOBE INC 0.2% A / A / NRAMAZON.COM INC 0.1% AA / A / AAAMERICAN EXPRESS CO 0.1% BBB / A / AAMERICAN HONDA FINANCE 0.6% A / A / AAPPLE INC 0.3% AA / Aaa / NR Security Type / Issuer Market Value (%) S&P / Moody's / FitchCorporate 21.5% BANK OF AMERICA CO 1.0% A / Aa / AA
BMW FINANCIAL SERVICES NA LLC 0.7% A / A / NR
BURLINGTON NORTHERN SANTA FE 0.2% AA / A / NRCHARLES SCHWAB 0.1% A / A / ACINTAS CORPORATION NO. 2 0.1% A / A / NRCITIGROUP INC 1.0% A / A / ACOLGATE-PALMOLIVE COMPANY 0.0% AA / Aa / NRCOMMONWEALTH BANK OF AUSTRALIA 0.7% AA / Aa / ADEERE & COMPANY 0.6% A / A / AGENERAL DYNAMICS CORP 0.4% A / A / NRGOLDMAN SACHS GROUP INC 0.2% BBB / A / AHERSHEY COMPANY 0.9% A / A / NRHOME DEPOT INC 0.4% A / A / AHONEYWELL INTERNATIONAL 0.3% A / A / AHSBC HOLDINGS PLC 0.7% A / A / AIBM CORP 0.3% A / A / AINTEL CORPORATION 0.3% A / A / AJP MORGAN CHASE & CO 1.5% A / Aa / AALINDE PLC 0.3% A / A / NRLOCKHEED MARTIN CORP 0.1% A / A / AMercedes-Benz Group AG 0.7% A / A / AMORGAN STANLEY 0.5% A / A / ANATIONAL AUSTRALIA BANK LTD 0.4% AA / Aa / NR

NATIONAL RURAL UTILITIES CO FINANCECORP

0.4% A / A / A
NESTLE SA 0.2% AA / Aa / NRNORTHERN TRUST 0.2% A / A / A 18 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Summary
|
Ratings shown are calculated by assigning a numeral value to each security rating, then calculating a weighted average rating for each security type / issuer category using all available security ratings,excluding Not-Rated (NR) ratings. For security type / issuer categories where a rating from the applicable NRSRO is not available, a rating of NR is assigned. Includes accrued interest and excludes balancesinvested in overnight funds.

Issuer Diversification
Security Type / Issuer Market Value (%) S&P / Moody's / FitchCorporate 21.5% PACCAR FINANCIAL CORP 0.6% A / A / NRPEPSICO INC 0.5% A / A / NRPNC FINANCIAL SERVICES GROUP 0.2% A / A / AROCHE HOLDINGS INC 1.0% AA / Aa / AASTATE STREET CORPORATION 0.8% A / A / AATARGET CORP 0.3% A / A / ATEXAS INSTRUMENTS INC 0.2% A / Aa / NRTHE BANK OF NEW YORK MELLONCORPORATION

0.8% A / A / AA
THE WALT DISNEY CORPORATION 0.5% A / A / ATOYOTA MOTOR CORP 0.5% A / A / ATRUIST FIN CORP 0.3% A / A / AUNITEDHEALTH GROUP INC 0.3% A / A / AUSAA CAPITAL CORP 0.2% AA / Aa / NRWAL-MART STORES INC 0.2% AA / Aa / AAWELLS FARGO & COMPANY 1.3% A / Aa / AA ABS 13.4%
ALLY AUTO RECEIVABLES TRUST 0.4% NR / Aaa / AAA
AMERICAN EXPRESS CO 0.4% AAA / NR / AAA
BANK OF AMERICA CO 1.7% AAA / Aaa / AAABMW VEHICLE OWNER TRUST 0.2% AAA / NR / AAACAPITAL ONE FINANCIAL CORP 1.1% AAA / Aaa / AAACARMAX AUTO OWNER TRUST 0.5% AAA / Aaa / AAADISCOVER FINANCIAL SERVICES 1.1% AAA / Aaa / AAAFIFTH THIRD AUTO TRUST 0.7% AAA / Aaa / NRFORD CREDIT AUTO OWNER TRUST 0.5% AAA / NR / AAA Security Type / Issuer Market Value (%) S&P / Moody's / FitchABS 13.4%

GM FINANCIAL CONSUMER AUTOMOBILETRUST

0.9% AAA / Aaa / AAA
HARLEY-DAVIDSON MOTORCYCLE TRUST 1.2% AAA / Aaa / AAAHONDA AUTO RECEIVABLES 0.2% AAA / Aaa / AAAHYUNDAI AUTO RECEIVABLES 1.4% AAA / NR / AAAKUBOTA CREDIT OWNER TRUST 0.9% NR / Aaa / AAAMERCEDES-BENZ AUTO RECEIVABLES 0.6% AAA / Aaa / AAA TOYOTA MOTOR CORP 0.7% AAA / Aaa / AAAUSAA AUTO OWNER TRUST 0.7% AAA / Aaa / NR VOLKSWAGEN OF AMERICA 0.1% AAA / Aaa / NRWORLD OMNI AUTO REC TRUST 0.1% AAA / NR / AAA Total 100.0%
19 © PFM Asset Management LLC | pfmam.com
Portfolio Transactions
© PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
BUY10/2/2023 10/4/2023 425,000.00 91282CJA0 US TREASURY NOTES 4.62% 9/30/2028 423,787.09 4.70%10/3/2023 10/11/2023 215,000.00 379930AD2 GMCAR 2023-4 A3 5.78% 8/16/2028 214,955.84 5.78%10/5/2023 10/11/2023 400,000.00 3137FNWX4 FHMS K736 A2 2.28% 7/1/2026 371,394.19 5.13%10/11/2023 10/19/2023 650,000.00 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 637,282.10 5.26%10/25/2023 10/31/2023 450,000.00 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 437,471.40 5.60%10/30/2023 11/2/2023 115,000.00 63743HFK3 NATIONAL RURAL COOP CORPORATE NOTES (CAL 5.60% 11/13/2026 114,959.75 5.61%11/1/2023 11/8/2023 115,000.00 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 114,979.75 5.67%11/3/2023 11/13/2023 200,000.00 44918CAD4 HART 2023-C A3 5.54% 10/16/2028 199,973.70 5.54%11/6/2023 11/13/2023 255,000.00 771196CE0 ROCHE HOLDINGS INC CORP NOTE (CALLABLE) 5.26% 11/13/2026 255,000.00 5.27%11/7/2023 11/14/2023 130,000.00 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 129,985.99 5.54%11/8/2023 11/10/2023 60,000.00 713448FW3 PEPSICO INC CORPORATE NOTES (CALLABLE) 5.12% 11/10/2026 59,983.80 5.13%11/14/2023 11/21/2023 235,000.00 3137HB3D4 FHMS K510 A2 5.06% 10/1/2028 234,982.41 5.14%11/15/2023 11/21/2023 460,000.00 06054YAC1 BAAT 2023-2A A3 5.74% 6/15/2028 459,991.67 5.74%11/27/2023 12/4/2023 250,000.00 17325FBC1 CITIBANK NA CORP NOTES (CALLABLE) 5.48% 12/4/2026 250,000.00 5.49%11/28/2023 12/7/2023 360,000.00 3137HB3G7 FHMS K511 A2 4.86% 10/1/2028 359,257.32 4.93%12/4/2023 12/11/2023 400,000.00 94988J6F9 WELLS FARGO CORP NOTES (CALLABLE) 5.25% 12/11/2026 400,000.00 5.25%12/5/2023 12/8/2023 400,000.00 48125LRU8 JP MORGAN CORP NOTES (CALLABLE) 5.11% 12/8/2026 400,000.00 5.11% 20 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
BUY12/7/2023 12/14/2023 230,000.00 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 229,969.11 4.98%12/8/2023 12/11/2023 1,700,000.00 91282CGP0 US TREASURY NOTES 4.00% 2/29/2028 1,703,183.86 4.24%12/11/2023 12/21/2023 265,000.00 3137HBCF9 FHMS K512 A2 5.00% 11/1/2028 268,210.68 4.78% Total BUY 7,315,000.00 7,265,368.66 0.00
INTEREST10/1/2023 10/1/2023 110,000.00 12189LAV3 BURLINGTN NORTH SANTA FE CORP NOTES (CAL 3.00% 4/1/2025 1,650.0010/1/2023 10/1/2023 150,000.00 05565ECA1 BMW US CAPITAL LLC (CALLABLE) CORP NOTES 3.45% 4/1/2027 2,587.5010/1/2023 10/25/2023 700,000.00 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,811.0810/1/2023 10/25/2023 300,000.00 3137BKRJ1 FHMS K047 A2 3.32% 5/1/2025 832.2510/1/2023 10/25/2023 181,380.85 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 408.4110/1/2023 10/25/2023 500,000.00 3137H14B9 FHMS K743 A2 1.77% 5/1/2028 737.5010/1/2023 10/25/2023 550,000.00 3136BQDE6 FNA 2023-M6 A2 4.19% 7/1/2028 1,920.4210/1/2023 10/25/2023 525,000.00 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 1,200.9410/1/2023 10/25/2023 600,000.00 3137F1G44 FHLMC MULTIFAMILY STRUCTURED P 3.24% 4/1/2027 1,621.5010/1/2023 10/25/2023 700,000.00 3137BVZ82 FHMS K063 A2 3.43% 1/1/2027 2,000.8310/1/2023 10/25/2023 450,000.00 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 994.8710/1/2023 10/25/2023 240,000.00 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 669.40 21 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Activity
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Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST10/1/2023 10/25/2023 150,000.00 3137BM7C4 FHMS K052 A1 3.30% 9/1/2025 413.5010/1/2023 10/25/2023 285,000.00 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 1,252.1010/1/2023 10/25/2023 262,587.35 3136AX7E9 FNA 2017-M12 A2 3.06% 6/1/2027 670.1210/1/2023 10/25/2023 325,000.00 3137BLMZ8 FHLMC SERIES K049 A2 3.01% 7/1/2025 815.2110/1/2023 10/25/2023 650,000.00 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 2,518.7510/1/2023 10/25/2023 250,000.00 3137BMTX4 FHMS K052 A2 3.15% 11/1/2025 656.4610/1/2023 10/25/2023 250,000.00 3137BN6G4 FHMS K053 A2 2.99% 12/1/2025 623.9610/1/2023 10/25/2023 360,966.64 3136AY6X6 FNA 2017-M15 A2 2.96% 9/1/2027 890.4510/1/2023 10/25/2023 300,000.00 3137BRQJ7 FHMS K057 A2 2.57% 7/1/2026 642.5010/13/2023 10/13/2023 95,000.00 023135CE4 AMAZON.COM INC CORPORATE NOTES 3.00% 4/13/2025 1,425.0010/15/2023 10/15/2023 30,411.22 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 9.6310/15/2023 10/15/2023 255,000.00 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 1,034.8710/15/2023 10/15/2023 270,000.00 891941AD8 TAOT 2023-B A3 4.71% 2/15/2028 1,059.7510/15/2023 10/15/2023 55,000.00 539830BU2 LOCKHEED MARTIN CORP NOTES (CALLABLE) 4.95% 10/15/2025 1,361.2510/15/2023 10/15/2023 13,144.63 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 3.7210/15/2023 10/15/2023 57,634.38 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 24.9710/15/2023 10/15/2023 250,000.00 02007WAC2 ALLYA 2023-1 A3 5.46% 5/15/2028 1,137.50 22 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST10/15/2023 10/15/2023 64,265.05 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 39.6310/15/2023 10/15/2023 250,000.00 91282CGV7 US TREASURY NOTES 3.75% 4/15/2026 4,687.5010/15/2023 10/15/2023 175,000.00 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 446.2510/15/2023 10/15/2023 475,000.00 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 2,188.9610/15/2023 10/15/2023 140,000.00 44933XAD9 HART 2023-B A3 5.48% 4/17/2028 639.3310/15/2023 10/15/2023 225,000.00 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 808.1310/15/2023 10/15/2023 101,428.44 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 68.4610/15/2023 10/15/2023 200,000.00 91282CEH0 US TREASURY NOTES 2.62% 4/15/2025 2,625.0010/15/2023 10/15/2023 230,000.00 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 967.9210/15/2023 10/15/2023 95,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 45.9210/15/2023 10/15/2023 235,000.00 06428AAC2 BAAT 2023-1A A3 5.53% 2/15/2028 1,082.9610/15/2023 10/15/2023 455,000.00 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,869.2910/15/2023 10/15/2023 200,000.00 344930AD4 FORDO 2023-B A3 5.23% 5/15/2028 871.6710/15/2023 10/15/2023 195,000.00 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 867.7510/15/2023 10/15/2023 23,964.19 14316HAC6 CARMX 2020-4 A3 0.50% 8/15/2025 9.9910/15/2023 10/15/2023 83,395.16 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 53.5110/15/2023 10/15/2023 180,000.00 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 697.50 23 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST10/15/2023 10/15/2023 415,000.00 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,528.5810/15/2023 10/15/2023 325,000.00 14041NFZ9 COMET 2022-A1 A1 2.80% 3/15/2027 758.3310/15/2023 10/15/2023 185,000.00 448977AD0 HART 2022-A A3 2.22% 10/15/2026 342.2510/15/2023 10/15/2023 185,000.00 44933DAD3 HART 2022-C A3 5.39% 6/15/2027 830.9610/15/2023 10/15/2023 220,000.00 448979AD6 HART 2023-A A3 4.58% 4/15/2027 839.6710/15/2023 10/15/2023 135,000.00 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 507.3710/15/2023 10/15/2023 265,000.00 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 1,150.5410/15/2023 10/15/2023 109,073.06 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 49.9910/15/2023 10/15/2023 520,000.00 90291VAC4 USAOT 2023-A A3 5.58% 5/15/2028 2,418.0010/15/2023 10/15/2023 25,000.00 437076CM2 HOME DEPOT INC (CALLABLE) CORPORATE NOTE 2.70% 4/15/2025 337.5010/15/2023 10/15/2023 465,000.00 41285YAC9 HDMOT 2023-B A3 5.69% 8/15/2028 1,322.9310/15/2023 10/15/2023 230,000.00 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 918.0810/15/2023 10/15/2023 170,000.00 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 378.2510/15/2023 10/15/2023 101,815.77 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 47.5110/15/2023 10/15/2023 86,496.66 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 51.1810/15/2023 10/15/2023 175,000.00 500945AC4 KCOT 2023-2A A3 5.28% 1/18/2028 770.0010/15/2023 10/15/2023 240,000.00 50117KAC4 KCOT 2023-1A A3 5.02% 6/15/2027 1,004.00 24 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST10/16/2023 10/16/2023 74,314.63 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 78.0310/16/2023 10/16/2023 180,000.00 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 670.5010/16/2023 10/16/2023 68,980.40 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 39.0910/16/2023 10/16/2023 140,000.00 36267KAD9 GMCAR 2023-3 A3 5.45% 6/16/2028 635.8310/18/2023 10/18/2023 14,854.11 43813KAC6 HAROT 2020-3 A3 0.37% 10/18/2024 4.5810/20/2023 10/20/2023 676.65 92290BAA9 VZOT 2020-B A 0.47% 2/20/2025 0.2710/20/2023 10/20/2023 102,810.45 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 87.3910/22/2023 10/22/2023 290,000.00 3135G03U5 FANNIE MAE NOTES 0.62% 4/22/2025 906.2510/24/2023 10/24/2023 110,000.00 06406RAL1 BANK OF NY MELLON CORP 2.10% 10/24/2024 1,155.0010/24/2023 10/24/2023 115,000.00 06406RAN7 BANK OF NY MELLON (CALLABLE) CORP NOTES 1.60% 4/24/2025 920.0010/24/2023 10/24/2023 225,000.00 06051GJK6 BANK OF AMERICA CORP (CALLABLE) CORPORAT 1.19% 10/24/2026 1,346.6310/25/2023 10/25/2023 325,000.00 89115B6K1 TORONTO DOMINION BANK NY CERT DEPOS 5.60% 10/27/2025 18,149.4410/25/2023 10/25/2023 115,000.00 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 524.2110/26/2023 10/26/2023 100,000.00 46647PCZ7 JPMORGAN CHASE & CO (CALLABLE) CORPORATE 4.08% 4/26/2026 2,040.0010/26/2023 10/26/2023 325,000.00 06406RBQ9 BANK OF NY MELLON CORP NOTES (CALLABLE) 4.94% 4/26/2027 8,038.8810/28/2023 10/28/2023 105,000.00 693475BH7 PNC FINANCIAL SERVICES CORP NOTE (CALLAB 5.67% 10/28/2025 2,977.2810/28/2023 10/28/2023 110,000.00 89788MAJ1 TRUIST FINANCIAL CORP NOTES (CALLABLE) 5.90% 10/28/2026 3,245.00 25 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST10/30/2023 10/30/2023 30,000.00 63743HFF4 NATIONAL RURAL UTIL COOP CORPORATE NOTES 5.45% 10/30/2025 817.5010/31/2023 10/31/2023 25,000.00 91282CAT8 US TREASURY NOTES 0.25% 10/31/2025 31.2510/31/2023 10/31/2023 700,000.00 912828ZL7 US TREASURY NOTES 0.37% 4/30/2025 1,312.5010/31/2023 10/31/2023 325,000.00 91282CEN7 US TREASURY NOTES 2.75% 4/30/2027 4,468.7510/31/2023 10/31/2023 500,000.00 91282CDG3 US TREASURY NOTES 1.12% 10/31/2026 2,812.5011/1/2023 11/1/2023 70,000.00 17252MAP5 CINTAS CORPORATION NO. 2 CORP NOTE (CALL 3.45% 5/1/2025 1,207.5011/1/2023 11/1/2023 125,000.00 172967MX6 CITIGROUP INC (CALLABLE) CORPORATE NOTES 0.98% 5/1/2025 613.1311/1/2023 11/1/2023 150,000.00 90327QD89 USAA CAPITAL CORP CORPORATE NOTES 3.37% 5/1/2025 2,531.2511/1/2023 11/1/2023 250,000.00 46647PAF3 JPMORGAN CHASE & CORP NOTES (CALLABLE) 3.54% 5/1/2028 4,425.0011/1/2023 11/25/2023 284,613.07 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 1,250.4011/1/2023 11/25/2023 450,000.00 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 994.8711/1/2023 11/25/2023 360,469.55 3136AY6X6 FNA 2017-M15 A2 2.96% 9/1/2027 918.8711/1/2023 11/25/2023 257,187.79 3136AX7E9 FNA 2017-M12 A2 3.06% 6/1/2027 677.6111/1/2023 11/25/2023 600,000.00 3137F1G44 FHLMC MULTIFAMILY STRUCTURED P 3.24% 4/1/2027 1,621.5011/1/2023 11/25/2023 325,000.00 3137BLMZ8 FHLMC SERIES K049 A2 3.01% 7/1/2025 815.2111/1/2023 11/25/2023 550,000.00 3136BQDE6 FNA 2023-M6 A2 4.19% 7/1/2028 1,920.4211/1/2023 11/25/2023 179,013.23 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 403.08 26 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST11/1/2023 11/25/2023 250,000.00 3137BMTX4 FHMS K052 A2 3.15% 11/1/2025 656.4611/1/2023 11/25/2023 650,000.00 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 2,567.5011/1/2023 11/25/2023 250,000.00 3137BN6G4 FHMS K053 A2 2.99% 12/1/2025 623.9611/1/2023 11/25/2023 240,000.00 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 669.4011/1/2023 11/25/2023 700,000.00 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,811.0811/1/2023 11/25/2023 300,000.00 3137BKRJ1 FHMS K047 A2 3.32% 5/1/2025 832.2511/1/2023 11/25/2023 400,000.00 3137FNWX4 FHMS K736 A2 2.28% 7/1/2026 760.6711/1/2023 11/25/2023 450,000.00 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 1,818.7511/1/2023 11/25/2023 525,000.00 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 1,200.9411/1/2023 11/25/2023 500,000.00 3137H14B9 FHMS K743 A2 1.77% 5/1/2028 737.5011/1/2023 11/25/2023 150,000.00 3137BM7C4 FHMS K052 A1 3.30% 9/1/2025 413.5011/1/2023 11/25/2023 300,000.00 3137BRQJ7 FHMS K057 A2 2.57% 7/1/2026 642.5011/1/2023 11/25/2023 650,000.00 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 2,518.7511/1/2023 11/25/2023 700,000.00 3137BVZ82 FHMS K063 A2 3.43% 1/1/2027 2,000.8311/3/2023 11/3/2023 325,000.00 65558UYF3 NORDEA BANK ABP NEW YORK CERT DEPOS 5.53% 11/3/2025 8,986.2511/4/2023 11/4/2023 45,000.00 857477BX0 STATE STREET CORP NOTES (CALLABLE) 5.75% 11/4/2026 1,293.9811/4/2023 11/4/2023 325,000.00 427866BH0 HERSHEY COMPANY CORP NOTES CALLABLE 4.25% 5/4/2028 6,906.25 27 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST11/10/2023 11/10/2023 150,000.00 665859AW4 NORTHERN TRUST CORP NOTE (CALLABLE) 4.00% 5/10/2027 3,000.0011/11/2023 11/11/2023 250,000.00 037833CR9 APPLE INC CORP NOTES (CALLABLE) 3.20% 5/11/2027 4,000.0011/15/2023 11/15/2023 240,000.00 50117KAC4 KCOT 2023-1A A3 5.02% 6/15/2027 1,004.0011/15/2023 11/15/2023 475,000.00 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 2,188.9611/15/2023 11/15/2023 220,000.00 448979AD6 HART 2023-A A3 4.58% 4/15/2027 839.6711/15/2023 11/15/2023 81,140.83 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 48.0111/15/2023 11/15/2023 255,000.00 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 1,034.8711/15/2023 11/15/2023 95,365.41 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 64.3711/15/2023 11/15/2023 415,000.00 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,528.5811/15/2023 11/15/2023 185,000.00 448977AD0 HART 2022-A A3 2.22% 10/15/2026 342.2511/15/2023 11/15/2023 185,000.00 44933DAD3 HART 2022-C A3 5.39% 6/15/2027 830.9611/15/2023 11/15/2023 20,778.44 14316HAC6 CARMX 2020-4 A3 0.50% 8/15/2025 8.6611/15/2023 11/15/2023 200,000.00 344930AD4 FORDO 2023-B A3 5.23% 5/15/2028 871.6711/15/2023 11/15/2023 235,000.00 06428AAC2 BAAT 2023-1A A3 5.53% 2/15/2028 1,082.9611/15/2023 11/15/2023 195,000.00 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 867.7511/15/2023 11/15/2023 169,247.06 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 431.5811/15/2023 11/15/2023 180,000.00 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 697.50 28 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST11/15/2023 11/15/2023 26,853.83 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 8.5011/15/2023 11/15/2023 250,000.00 91324PEC2 UNITEDHEALTH GROUP INC (CALLABLE) CORPOR 1.15% 5/15/2026 1,437.5011/15/2023 11/15/2023 230,000.00 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 918.0811/15/2023 11/15/2023 175,000.00 500945AC4 KCOT 2023-2A A3 5.28% 1/18/2028 770.0011/15/2023 11/15/2023 465,000.00 41285YAC9 HDMOT 2023-B A3 5.69% 8/15/2028 2,204.8811/15/2023 11/15/2023 230,000.00 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 967.9211/15/2023 11/15/2023 95,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 45.9211/15/2023 11/15/2023 52,946.61 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 22.9411/15/2023 11/15/2023 59,927.51 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 36.9611/15/2023 11/15/2023 170,000.00 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 378.2511/15/2023 11/15/2023 102,628.62 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 47.0411/15/2023 11/15/2023 94,836.78 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 44.2611/15/2023 11/15/2023 225,000.00 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 808.1311/15/2023 11/15/2023 250,000.00 02007WAC2 ALLYA 2023-1 A3 5.46% 5/15/2028 1,137.5011/15/2023 11/15/2023 455,000.00 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,869.2911/15/2023 11/15/2023 78,502.48 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 50.3711/15/2023 11/15/2023 265,000.00 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 1,150.54 29 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST11/15/2023 11/15/2023 140,000.00 44933XAD9 HART 2023-B A3 5.48% 4/17/2028 639.3311/15/2023 11/15/2023 520,000.00 90291VAC4 USAOT 2023-A A3 5.58% 5/15/2028 2,418.0011/15/2023 11/15/2023 3,000,000.00 912828U24 US TREASURY NOTES 2.00% 11/15/2026 30,000.0011/15/2023 11/15/2023 11,867.07 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 3.3611/15/2023 11/15/2023 325,000.00 14041NFZ9 COMET 2022-A1 A1 2.80% 3/15/2027 758.3311/15/2023 11/15/2023 270,000.00 891941AD8 TAOT 2023-B A3 4.71% 2/15/2028 1,059.7511/15/2023 11/15/2023 275,000.00 369550BC1 GENERAL DYNAMICS CORP NOTES (CALLABLE) 3.75% 5/15/2028 5,156.2511/15/2023 11/15/2023 135,000.00 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 507.3711/16/2023 11/16/2023 180,000.00 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 670.5011/16/2023 11/16/2023 215,000.00 379930AD2 GMCAR 2023-4 A3 5.78% 8/16/2028 1,208.1811/16/2023 11/16/2023 140,000.00 36267KAD9 GMCAR 2023-3 A3 5.45% 6/16/2028 635.8311/16/2023 11/16/2023 65,023.59 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 36.8511/16/2023 11/16/2023 70,247.12 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 73.7611/18/2023 11/18/2023 10,579.49 43813KAC6 HAROT 2020-3 A3 0.37% 10/18/2024 3.2611/20/2023 11/20/2023 96,357.25 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 81.9011/24/2023 11/24/2023 240,000.00 40428HTA0 HSBC USA INC CORPORATE NOTES 3.75% 5/24/2024 4,500.0011/25/2023 11/25/2023 115,000.00 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 524.21 30 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST11/28/2023 11/28/2023 155,000.00 04636NAC7 ASTRAZENECA FINANCE LLC (CALLABLE) CORP 0.70% 5/28/2024 542.5011/30/2023 11/30/2023 100,000.00 91282CCF6 US TREASURY NOTES 0.75% 5/31/2026 375.0011/30/2023 11/30/2023 600,000.00 91282CAZ4 US TREASURY NOTES 0.37% 11/30/2025 1,125.0011/30/2023 11/30/2023 625,000.00 91282CFZ9 US TREASURY NOTES 3.87% 11/30/2027 12,109.3811/30/2023 11/30/2023 300,000.00 91282CDK4 US TREASURY NOTES 1.25% 11/30/2026 1,875.0011/30/2023 11/30/2023 725,000.00 91282CET4 US TREASURY NOTES 2.62% 5/31/2027 9,515.6311/30/2023 11/30/2023 1,000,000.00 91282CHE4 US TREASURY NOTES 3.62% 5/31/2028 18,125.0011/30/2023 11/30/2023 1,075,000.00 912828ZT0 US TREASURY NOTES 0.25% 5/31/2025 1,343.7512/1/2023 12/1/2023 135,000.00 46647PCH7 JPMORGAN CHASE & CO (CALLABLE) CORP NOTE 0.82% 6/1/2025 556.2012/1/2023 12/25/2023 500,000.00 3137H14B9 FHMS K743 A2 1.77% 5/1/2028 737.5012/1/2023 12/25/2023 450,000.00 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 994.8712/1/2023 12/25/2023 256,949.57 3136AX7E9 FNA 2017-M12 A2 3.06% 6/1/2027 655.1512/1/2023 12/25/2023 325,000.00 3137BLMZ8 FHLMC SERIES K049 A2 3.01% 7/1/2025 815.2112/1/2023 12/25/2023 284,307.78 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 1,249.0612/1/2023 12/25/2023 600,000.00 3137F1G44 FHLMC MULTIFAMILY STRUCTURED P 3.24% 4/1/2027 1,621.5012/1/2023 12/25/2023 240,000.00 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 669.4012/1/2023 12/25/2023 250,000.00 3137BMTX4 FHMS K052 A2 3.15% 11/1/2025 656.46 31 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST12/1/2023 12/25/2023 250,000.00 3137BN6G4 FHMS K053 A2 2.99% 12/1/2025 623.9612/1/2023 12/25/2023 360,004.36 3136AY6X6 FNA 2017-M15 A2 2.96% 9/1/2027 888.0812/1/2023 12/25/2023 650,000.00 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 2,518.7512/1/2023 12/25/2023 550,000.00 3136BQDE6 FNA 2023-M6 A2 4.19% 7/1/2028 1,920.4212/1/2023 12/25/2023 178,770.00 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 402.5312/1/2023 12/25/2023 150,000.00 3137BM7C4 FHMS K052 A1 3.30% 9/1/2025 413.5012/1/2023 12/25/2023 300,000.00 3137BKRJ1 FHMS K047 A2 3.32% 5/1/2025 832.2512/1/2023 12/25/2023 450,000.00 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 1,818.7512/1/2023 12/25/2023 700,000.00 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,811.0812/1/2023 12/25/2023 650,000.00 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 2,567.5012/1/2023 12/25/2023 300,000.00 3137BRQJ7 FHMS K057 A2 2.57% 7/1/2026 642.5012/1/2023 12/25/2023 235,000.00 3137HB3D4 FHMS K510 A2 5.06% 10/1/2028 992.6812/1/2023 12/25/2023 700,000.00 3137BVZ82 FHMS K063 A2 3.43% 1/1/2027 2,000.8312/1/2023 12/25/2023 525,000.00 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 1,200.9412/1/2023 12/25/2023 400,000.00 3137FNWX4 FHMS K736 A2 2.28% 7/1/2026 760.6712/5/2023 12/5/2023 225,000.00 53522KAB9 LINDE INC/CT CORPORATE NOTES (CALLABLE) 4.70% 12/5/2025 5,287.5012/15/2023 12/15/2023 220,000.00 448979AD6 HART 2023-A A3 4.58% 4/15/2027 839.67 32 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST12/15/2023 12/15/2023 55,754.74 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 34.3812/15/2023 12/15/2023 255,000.00 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 1,034.8712/15/2023 12/15/2023 89,443.84 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 60.3712/15/2023 12/15/2023 415,000.00 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,528.5812/15/2023 12/15/2023 130,000.00 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 620.1712/15/2023 12/15/2023 23,471.94 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 7.4312/15/2023 12/15/2023 465,000.00 41285YAC9 HDMOT 2023-B A3 5.69% 8/15/2028 2,204.8812/15/2023 12/15/2023 175,000.00 500945AC4 KCOT 2023-2A A3 5.28% 1/18/2028 770.0012/15/2023 12/15/2023 455,000.00 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,869.2912/15/2023 12/15/2023 200,000.00 44918CAD4 HART 2023-C A3 5.54% 10/16/2028 984.8912/15/2023 12/15/2023 185,000.00 44933DAD3 HART 2022-C A3 5.39% 6/15/2027 830.9612/15/2023 12/15/2023 180,000.00 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 697.5012/15/2023 12/15/2023 73,747.29 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 47.3212/15/2023 12/15/2023 10,655.41 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 3.0212/15/2023 12/15/2023 520,000.00 90291VAC4 USAOT 2023-A A3 5.58% 5/15/2028 2,418.0012/15/2023 12/15/2023 230,000.00 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 918.0812/15/2023 12/15/2023 159,554.15 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 406.86 33 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST12/15/2023 12/15/2023 265,000.00 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 1,150.5412/15/2023 12/15/2023 185,000.00 448977AD0 HART 2022-A A3 2.22% 10/15/2026 342.2512/15/2023 12/15/2023 140,000.00 44933XAD9 HART 2023-B A3 5.48% 4/17/2028 639.3312/15/2023 12/15/2023 270,000.00 891941AD8 TAOT 2023-B A3 4.71% 2/15/2028 1,059.7512/15/2023 12/15/2023 225,000.00 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 808.1312/15/2023 12/15/2023 325,000.00 14041NFZ9 COMET 2022-A1 A1 2.80% 3/15/2027 758.3312/15/2023 12/15/2023 48,380.22 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 20.9612/15/2023 12/15/2023 475,000.00 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 2,188.9612/15/2023 12/15/2023 30,000.00 63743HFE7 NATIONAL RURAL UTIL COOP CORPORATE NOTES 3.45% 6/15/2025 517.5012/15/2023 12/15/2023 250,000.00 02007WAC2 ALLYA 2023-1 A3 5.46% 5/15/2028 1,137.5012/15/2023 12/15/2023 459058KJ1 INTL BK RECON & DEVELOP NOTES 3.12% 6/15/2027 4,298.2512/15/2023 12/15/2023 87,681.52 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 40.9212/15/2023 12/15/2023 460,000.00 06054YAC1 BAAT 2023-2A A3 5.74% 6/15/2028 1,760.2712/15/2023 12/15/2023 195,000.00 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 867.7512/15/2023 12/15/2023 17,640.28 14316HAC6 CARMX 2020-4 A3 0.50% 8/15/2025 7.3512/15/2023 12/15/2023 230,000.00 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 967.9212/15/2023 12/15/2023 235,000.00 06428AAC2 BAAT 2023-1A A3 5.53% 2/15/2028 1,082.96 34 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST12/15/2023 12/15/2023 95,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 45.9212/15/2023 12/15/2023 96,285.42 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 44.1312/15/2023 12/15/2023 135,000.00 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 507.3712/15/2023 12/15/2023 240,000.00 50117KAC4 KCOT 2023-1A A3 5.02% 6/15/2027 1,004.0012/15/2023 12/15/2023 170,000.00 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 378.2512/15/2023 12/15/2023 75,810.08 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 44.8512/15/2023 12/15/2023 200,000.00 344930AD4 FORDO 2023-B A3 5.23% 5/15/2028 871.6712/16/2023 12/16/2023 66,376.13 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 69.6912/16/2023 12/16/2023 215,000.00 379930AD2 GMCAR 2023-4 A3 5.78% 8/16/2028 1,035.5812/16/2023 12/16/2023 61,254.83 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 34.7112/16/2023 12/16/2023 180,000.00 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 670.5012/16/2023 12/16/2023 140,000.00 36267KAD9 GMCAR 2023-3 A3 5.45% 6/16/2028 635.8312/18/2023 12/18/2023 6,465.41 43813KAC6 HAROT 2020-3 A3 0.37% 10/18/2024 1.9912/20/2023 12/20/2023 89,420.79 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 76.0112/21/2023 12/21/2023 115,000.00 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 778.8412/25/2023 12/25/2023 115,000.00 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 524.2112/31/2023 12/31/2023 300,000.00 91282CBC4 US TREASURY NOTES 0.37% 12/31/2025 562.50 35 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST12/31/2023 12/31/2023 3,000,000.00 91282CGC9 US TREASURY NOTES 3.87% 12/31/2027 58,125.0012/31/2023 12/31/2023 750,000.00 91282CEW7 US TREASURY NOTES 3.25% 6/30/2027 12,187.5012/31/2023 12/31/2023 725,000.00 912828ZW3 US TREASURY NOTES 0.25% 6/30/2025 906.2512/31/2023 12/31/2023 325,000.00 91282CDQ1 US TREASURY NOTES 1.25% 12/31/2026 2,031.25 Total INTEREST 71,602,759.13 437,405.93 0.00
MATURITY10/24/2023 10/24/2023 300,000.00 06051GJH3 BANK OF AMERICA CORP NOTES (CALLED, OMD 0.81% 10/24/2023 301,215.00 Total MATURITY 300,000.00 301,215.00 0.00
PAYDOWNS10/1/2023 10/25/2023 497.09 3136AY6X6 FNA 2017-M15 A2 2.96% 9/1/2027 497.0910/1/2023 10/25/2023 386.93 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 386.9310/1/2023 10/25/2023 5,399.56 3136AX7E9 FNA 2017-M12 A2 3.06% 6/1/2027 5,399.5610/1/2023 10/25/2023 2,367.62 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 2,367.6210/15/2023 10/15/2023 6,444.44 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 6,444.4410/15/2023 10/15/2023 5,752.94 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 5,752.9410/15/2023 10/15/2023 6,063.03 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 6,063.0310/15/2023 10/15/2023 3,185.75 14316HAC6 CARMX 2020-4 A3 0.50% 8/15/2025 3,185.75 36 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS10/15/2023 10/15/2023 4,337.54 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 4,337.5410/15/2023 10/15/2023 4,687.77 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 4,687.7710/15/2023 10/15/2023 3,557.39 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 3,557.3910/15/2023 10/15/2023 1,277.56 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 1,277.5610/15/2023 10/15/2023 4,892.68 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 4,892.6810/15/2023 10/15/2023 6,978.99 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 6,978.9910/15/2023 10/15/2023 5,355.83 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 5,355.8310/16/2023 10/16/2023 3,956.81 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 3,956.8110/16/2023 10/16/2023 4,067.51 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 4,067.5110/18/2023 10/18/2023 4,274.62 43813KAC6 HAROT 2020-3 A3 0.37% 10/18/2024 4,274.6210/20/2023 10/20/2023 6,453.20 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 6,453.2010/20/2023 10/20/2023 676.65 92290BAA9 VZOT 2020-B A 0.47% 2/20/2025 676.6511/1/2023 11/25/2023 305.29 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 305.2911/1/2023 11/25/2023 465.19 3136AY6X6 FNA 2017-M15 A2 2.96% 9/1/2027 465.1911/1/2023 11/25/2023 238.22 3136AX7E9 FNA 2017-M12 A2 3.06% 6/1/2027 238.2211/1/2023 11/25/2023 243.23 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 243.2311/15/2023 11/15/2023 5,921.57 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 5,921.57 37 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS11/15/2023 11/15/2023 3,138.16 14316HAC6 CARMX 2020-4 A3 0.50% 8/15/2025 3,138.1611/15/2023 11/15/2023 9,692.91 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 9,692.9111/15/2023 11/15/2023 3,381.89 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 3,381.8911/15/2023 11/15/2023 4,566.39 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 4,566.3911/15/2023 11/15/2023 4,755.19 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 4,755.1911/15/2023 11/15/2023 7,155.26 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 7,155.2611/15/2023 11/15/2023 1,211.66 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 1,211.6611/15/2023 11/15/2023 5,330.75 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 5,330.7511/15/2023 11/15/2023 4,172.77 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 4,172.7711/15/2023 11/15/2023 6,343.20 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 6,343.2011/16/2023 11/16/2023 3,870.99 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 3,870.9911/16/2023 11/16/2023 3,768.76 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 3,768.7611/18/2023 11/18/2023 4,114.08 43813KAC6 HAROT 2020-3 A3 0.37% 10/18/2024 4,114.0811/20/2023 11/20/2023 6,936.46 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 6,936.4612/1/2023 12/25/2023 257.43 3136AX7E9 FNA 2017-M12 A2 3.06% 6/1/2027 257.4312/1/2023 12/25/2023 262.72 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 262.7212/1/2023 12/25/2023 500.47 3136AY6X6 FNA 2017-M15 A2 2.96% 9/1/2027 500.47 38 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS12/1/2023 12/25/2023 358.72 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 358.7212/1/2023 12/25/2023 390.82 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 390.8212/15/2023 12/15/2023 5,896.11 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 5,896.1112/15/2023 12/15/2023 6,044.55 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 6,044.5512/15/2023 12/15/2023 8,941.32 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 8,941.3212/15/2023 12/15/2023 3,966.18 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 3,966.1812/15/2023 12/15/2023 5,347.85 448977AD0 HART 2022-A A3 2.22% 10/15/2026 5,347.8512/15/2023 12/15/2023 1,181.20 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 1,181.2012/15/2023 12/15/2023 3,011.76 14316HAC6 CARMX 2020-4 A3 0.50% 8/15/2025 3,011.7612/15/2023 12/15/2023 5,068.85 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 5,068.8512/15/2023 12/15/2023 4,611.66 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 4,611.6612/15/2023 12/15/2023 4,352.81 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 4,352.8112/15/2023 12/15/2023 6,781.32 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 6,781.3212/15/2023 12/15/2023 3,227.78 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 3,227.7812/16/2023 12/16/2023 3,829.67 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 3,829.6712/16/2023 12/16/2023 3,620.02 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 3,620.0212/18/2023 12/18/2023 3,935.94 43813KAC6 HAROT 2020-3 A3 0.37% 10/18/2024 3,935.94 39 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS12/20/2023 12/20/2023 6,402.14 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 6,402.14 Total PAYDOWNS 234,215.20 234,215.20 0.00
SELL10/2/2023 10/4/2023 435,000.00 91282CGD7 US TREASURY NOTES 4.25% 12/31/2024 433,824.59 -5,854.7710/4/2023 10/10/2023 175,000.00 91282CGD7 US TREASURY NOTES 4.25% 12/31/2024 174,771.44 -2,233.0810/10/2023 10/11/2023 375,000.00 91282CGD7 US TREASURY NOTES 4.25% 12/31/2024 374,817.22 -4,521.7710/13/2023 10/19/2023 500,000.00 91282CGG0 US TREASURY NOTES 4.12% 1/31/2025 497,257.14 -5,261.3010/18/2023 10/19/2023 50,000.00 91282CGD7 US TREASURY NOTES 4.25% 12/31/2024 49,965.18 -659.8310/26/2023 10/31/2023 75,000.00 91282CGD7 US TREASURY NOTES 4.25% 12/31/2024 75,151.33 -890.7911/1/2023 11/2/2023 200,000.00 91282CGD7 US TREASURY NOTES 4.25% 12/31/2024 200,457.54 -2,367.9411/8/2023 11/10/2023 65,000.00 63743HEU2 NATIONAL RURAL UTIL COOP CORPORATE NOTES 0.35% 2/8/2024 64,194.94 -859.5111/8/2023 11/10/2023 245,000.00 641062AU8 NESTLE HOLDINGS INC CORP NOTES (CALLABLE 0.60% 9/14/2024 235,205.55 -10,025.4011/9/2023 11/10/2023 330,000.00 4581X0DZ8 INTER-AMERICAN DEVEL BK NOTES 0.50% 9/23/2024 316,609.52 -13,535.0511/16/2023 11/20/2023 225,000.00 91282CGD7 US TREASURY NOTES 4.25% 12/31/2024 226,386.76 -2,262.5711/17/2023 11/21/2023 325,000.00 91282CGD7 US TREASURY NOTES 4.25% 12/31/2024 327,040.63 -3,268.4011/28/2023 12/1/2023 375,000.00 91282CGD7 US TREASURY NOTES 4.25% 12/31/2024 377,919.50 -3,642.1211/30/2023 12/4/2023 155,000.00 04636NAC7 ASTRAZENECA FINANCE LLC (CALLABLE) CORP 0.70% 5/28/2024 151,446.88 -3,568.96 40 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
SELL12/5/2023 12/6/2023 600,000.00 91282CGD7 US TREASURY NOTES 4.25% 12/31/2024 605,978.60 -4,868.6312/8/2023 12/11/2023 100,000.00 912828Z52 US TREASURY NOTES 1.37% 1/31/2025 96,453.97 -4,010.5212/8/2023 12/11/2023 1,750,000.00 91282CGD7 US TREASURY NOTES 4.25% 12/31/2024 1,768,789.91 -13,864.7412/8/2023 12/11/2023 275,000.00 91282CGG0 US TREASURY NOTES 4.12% 1/31/2025 276,382.01 -1,758.7612/20/2023 12/21/2023 150,000.00 91282CGG0 US TREASURY NOTES 4.12% 1/31/2025 151,396.57 -497.26 Total SELL 6,405,000.00 6,404,049.28 -83,951.40
41 © PFM Asset Management LLC | pfmam.com
Portfolio Holdings
© PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Holdings
|
Managed Account Detail of Securities Held
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
U.S. Treasury
US TREASURY NOTESDTD 01/31/2023 4.125% 01/31/2025
91282CGG0 1,075,000.00 AA+ Aaa 2/6/2023 2/7/2023 1,068,491.21 4.45 18,556.90 1,071,439.94 1,068,449.17 US TREASURY NOTESDTD 02/29/2020 1.125% 02/28/2025
912828ZC7 775,000.00 AA+ Aaa 3/2/2020 3/4/2020 785,837.89 0.84 2,946.17 777,522.10 744,242.19 US TREASURY NOTESDTD 04/15/2022 2.625% 04/15/2025
91282CEH0 200,000.00 AA+ Aaa 6/30/2023 6/30/2023 191,843.75 5.03 1,118.85 194,147.42 195,062.50 US TREASURY NOTESDTD 04/30/2020 0.375% 04/30/2025
912828ZL7 300,000.00 AA+ Aaa 10/4/2021 10/6/2021 296,988.28 0.66 191.62 298,878.12 283,921.86 US TREASURY NOTESDTD 04/30/2020 0.375% 04/30/2025
912828ZL7 400,000.00 AA+ Aaa 6/3/2020 6/5/2020 399,875.00 0.38 255.50 399,966.13 378,562.48 US TREASURY NOTESDTD 05/31/2020 0.250% 05/31/2025
912828ZT0 325,000.00 AA+ Aaa 6/10/2021 6/10/2021 321,039.06 0.56 71.04 323,591.42 306,058.61 US TREASURY NOTESDTD 05/31/2020 0.250% 05/31/2025
912828ZT0 425,000.00 AA+ Aaa 5/4/2021 5/6/2021 418,824.22 0.61 92.90 422,855.52 400,230.49 US TREASURY NOTESDTD 05/31/2020 0.250% 05/31/2025
912828ZT0 325,000.00 AA+ Aaa 6/30/2020 6/30/2020 324,873.05 0.26 71.04 324,963.53 306,058.61 US TREASURY NOTESDTD 06/30/2020 0.250% 06/30/2025
912828ZW3 725,000.00 AA+ Aaa 6/28/2021 6/29/2021 711,774.41 0.71 4.98 720,060.76 680,820.31 US TREASURY NOTESDTD 07/31/2020 0.250% 07/31/2025
91282CAB7 400,000.00 AA+ Aaa 7/1/2021 7/7/2021 392,281.25 0.73 418.48 397,000.86 374,562.48 US TREASURY NOTESDTD 08/31/2020 0.250% 08/31/2025
91282CAJ0 700,000.00 AA+ Aaa 8/4/2021 8/9/2021 691,824.22 0.54 591.35 696,648.10 653,625.00 US TREASURY NOTESDTD 10/31/2020 0.250% 10/31/2025
91282CAT8 25,000.00 AA+ Aaa 8/26/2021 8/27/2021 24,516.60 0.72 10.65 24,788.08 23,222.66 US TREASURY NOTESDTD 11/30/2020 0.375% 11/30/2025
91282CAZ4 300,000.00 AA+ Aaa 10/4/2021 10/6/2021 294,796.88 0.80 98.36 297,600.94 278,578.14 US TREASURY NOTESDTD 11/30/2020 0.375% 11/30/2025
91282CAZ4 300,000.00 AA+ Aaa 12/1/2020 12/3/2020 299,343.75 0.42 98.36 299,748.37 278,578.14 US TREASURY NOTESDTD 12/31/2020 0.375% 12/31/2025
91282CBC4 300,000.00 AA+ Aaa 1/7/2021 1/11/2021 298,804.69 0.46 3.09 299,519.24 278,062.50 42 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
U.S. Treasury
US TREASURY NOTESDTD 01/15/2023 3.875% 01/15/2026
91282CGE5 2,000,000.00 AA+ Aaa 2/6/2023 2/7/2023 1,986,562.50 4.12 35,801.63 1,990,670.14 1,985,000.00 US TREASURY NOTESDTD 01/15/2023 3.875% 01/15/2026
91282CGE5 750,000.00 AA+ Aaa 1/26/2023 1/27/2023 749,794.92 3.88 13,425.61 749,859.05 744,375.00 US TREASURY NOTESDTD 01/31/2021 0.375% 01/31/2026
91282CBH3 200,000.00 AA+ Aaa 2/25/2021 2/26/2021 196,812.50 0.70 313.86 198,652.40 184,750.00 US TREASURY NOTESDTD 02/28/2021 0.500% 02/28/2026
91282CBQ3 300,000.00 AA+ Aaa 3/1/2021 3/3/2021 296,800.78 0.72 506.87 298,615.37 277,218.75 US TREASURY NOTESDTD 02/28/2021 0.500% 02/28/2026
91282CBQ3 725,000.00 AA+ Aaa 9/2/2021 9/7/2021 718,542.97 0.70 1,224.93 721,884.04 669,945.31 US TREASURY NOTESDTD 04/15/2023 3.750% 04/15/2026
91282CGV7 250,000.00 AA+ Aaa 4/21/2023 4/24/2023 249,023.44 3.89 1,997.95 249,249.84 247,734.38 US TREASURY NOTESDTD 05/31/2021 0.750% 05/31/2026
91282CCF6 100,000.00 AA+ Aaa 6/3/2021 6/8/2021 99,566.41 0.84 65.57 99,789.88 92,312.50 US TREASURY NOTESDTD 08/15/2016 1.500% 08/15/2026
9128282A7 200,000.00 AA+ Aaa 9/8/2022 9/13/2022 185,492.19 3.50 1,133.15 190,304.49 187,187.50 US TREASURY NOTESDTD 09/30/2021 0.875% 09/30/2026
91282CCZ2 225,000.00 AA+ Aaa 10/7/2021 10/12/2021 223,444.34 1.02 500.26 224,139.84 206,718.75 US TREASURY NOTESDTD 10/31/2021 1.125% 10/31/2026
91282CDG3 225,000.00 AA+ Aaa 11/15/2021 11/17/2021 223,611.33 1.25 431.15 224,206.25 207,632.81 US TREASURY NOTESDTD 10/31/2021 1.125% 10/31/2026
91282CDG3 275,000.00 AA+ Aaa 11/3/2021 11/4/2021 274,108.40 1.19 526.96 274,494.01 253,773.44 US TREASURY NOTESDTD 11/15/2016 2.000% 11/15/2026
912828U24 3,000,000.00 AA+ Aaa 1/31/2023 2/1/2023 2,811,445.31 3.80 7,747.25 2,856,982.02 2,836,875.00 US TREASURY NOTESDTD 11/30/2021 1.250% 11/30/2026
91282CDK4 300,000.00 AA+ Aaa 12/2/2021 12/7/2021 300,386.72 1.22 327.87 300,226.21 277,406.25 US TREASURY NOTESDTD 12/31/2021 1.250% 12/31/2026
91282CDQ1 325,000.00 AA+ Aaa 1/3/2022 1/6/2022 323,273.44 1.36 11.16 323,961.22 300,066.39 US TREASURY NOTESDTD 02/15/2017 2.250% 02/15/2027
912828V98 1,000,000.00 AA+ Aaa 2/6/2023 2/7/2023 938,828.13 3.91 8,498.64 952,486.66 949,375.00 US TREASURY NOTESDTD 02/15/2017 2.250% 02/15/2027
912828V98 5,000,000.00 AA+ Aaa 1/26/2023 1/27/2023 4,731,445.31 3.69 42,493.21 4,792,958.85 4,746,875.00 US TREASURY NOTESDTD 03/31/2022 2.500% 03/31/2027
91282CEF4 600,000.00 AA+ Aaa 4/14/2022 4/18/2022 592,851.56 2.76 3,811.48 595,314.77 573,562.50 43 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
U.S. Treasury
US TREASURY NOTESDTD 04/30/2022 2.750% 04/30/2027
91282CEN7 325,000.00 AA+ Aaa 5/4/2022 5/6/2022 320,886.72 3.03 1,522.32 322,254.05 312,710.94 US TREASURY NOTESDTD 05/31/2022 2.625% 05/31/2027
91282CET4 350,000.00 AA+ Aaa 6/1/2022 6/6/2022 344,818.36 2.95 803.28 346,452.57 335,125.00 US TREASURY NOTESDTD 05/31/2022 2.625% 05/31/2027
91282CET4 375,000.00 AA+ Aaa 6/9/2022 6/10/2022 367,309.57 3.07 860.65 369,723.42 359,062.50 US TREASURY NOTESDTD 06/30/2022 3.250% 06/30/2027
91282CEW7 750,000.00 AA+ Aaa 6/1/2023 6/5/2023 733,623.05 3.83 66.96 735,937.42 733,125.00 US TREASURY NOTESDTD 11/30/2022 3.875% 11/30/2027
91282CFZ9 625,000.00 AA+ Aaa 12/28/2022 12/29/2022 622,265.63 3.97 2,117.49 622,825.59 623,925.75 US TREASURY NOTESDTD 12/31/2022 3.875% 12/31/2027
91282CGC9 3,000,000.00 AA+ Aaa 1/26/2023 1/27/2023 3,035,507.81 3.61 319.37 3,028,816.79 2,996,718.60 US TREASURY NOTESDTD 01/31/2023 3.500% 01/31/2028
91282CGH8 2,000,000.00 AA+ Aaa 1/31/2023 2/1/2023 1,987,109.38 3.64 29,293.48 1,989,468.54 1,969,687.60 US TREASURY NOTESDTD 02/28/2023 4.000% 02/29/2028
91282CGP0 1,700,000.00 AA+ Aaa 12/8/2023 12/11/2023 1,684,128.91 4.24 22,978.02 1,684,345.19 1,706,375.00 US TREASURY NOTESDTD 05/31/2023 3.625% 05/31/2028
91282CHE4 1,000,000.00 AA+ Aaa 6/29/2023 6/30/2023 977,656.25 4.13 3,169.40 979,956.52 990,000.00 US TREASURY NOTESDTD 09/30/2023 4.625% 09/30/2028
91282CJA0 425,000.00 AA+ Aaa 10/2/2023 10/4/2023 423,572.27 4.70 4,994.62 423,634.45 438,945.31 Security Type Sub-Total 32,600,000.00 31,919,982.46 3.09 209,472.43 32,095,940.11 31,456,519.42 Supranational
INTL BK RECON & DEVELOP NOTESDTD 07/19/2022 3.125% 06/15/2027 459058KJ1 275,000.00 AAA Aaa 7/12/2022 7/19/2022 274,857.00 3.14 381.94 274,899.37 266,536.60 Security Type Sub-Total 275,000.00 274,857.00 3.14 381.94 274,899.37 266,536.60 Negotiable CD
CREDIT AGRICOLE CIB NY CERTDEPOSDTD 08/19/2022 4.100% 08/16/2024 22536AZR8 250,000.00 A-1 P-1 8/17/2022 8/19/2022 250,000.00 4.07 3,929.17 250,000.00 248,030.76 44 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Negotiable CD
TORONTO DOMINION BANK NY CERTDEPOSDTD 10/31/2022 5.600% 10/27/2025 89115B6K1 325,000.00 A A1 10/27/2022 10/31/2022 325,000.00 5.58 3,437.78 325,000.00 331,235.16 NORDEA BANK ABP NEW YORK CERTDEPOSDTD 11/03/2022 5.530% 11/03/2025 65558UYF3 325,000.00 AA- Aa3 11/2/2022 11/3/2022 325,000.00 5.53 2,895.57 325,000.00 322,794.23 NATIXIS NY BRANCH CERT DEPOSDTD 09/20/2023 5.610% 09/18/2026 63873QP65 500,000.00 A A1 9/18/2023 9/20/2023 500,000.00 5.61 8,025.42 500,000.00 510,910.00 Security Type Sub-Total 1,400,000.00 1,400,000.00 5.32 18,287.94 1,400,000.00 1,412,970.15 Municipal
NJ TURNPIKE AUTHORITY TXBL REVBONDSDTD 02/04/2021 0.897% 01/01/2025 646140DN0 70,000.00 AA- A1 1/22/2021 2/4/2021 70,000.00 0.90 313.95 70,000.00 67,228.70 NY ST URBAN DEV CORP TXBL REVBONDSDTD 12/23/2020 0.870% 03/15/2025 650036DT0 340,000.00 NR NR 12/16/2020 12/23/2020 340,000.00 0.87 870.97 340,000.00 322,609.00 FL ST BOARD OF ADMIN TXBL REVBONDSDTD 09/16/2020 1.258% 07/01/2025 341271AD6 255,000.00 AA Aa3 9/3/2020 9/16/2020 255,000.00 1.26 1,603.95 255,000.00 242,160.75 CA ST MUNICIPAL BONDSDTD 03/15/2023 4.846% 03/01/2027
13063D3N6 265,000.00 AA- Aa2 3/9/2023 3/15/2023 265,000.00 4.85 4,280.63 265,000.00 268,376.10 Security Type Sub-Total 930,000.00 930,000.00 2.16 7,069.50 930,000.00 900,374.55 Joint Powers Authority
CAMP Pool 46,916.76 AAAm NR 46,916.76 0.00 46,916.76 46,916.76 Security Type Sub-Total 46,916.76 46,916.76 0.00 46,916.76 46,916.76 45 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Federal Agency
FANNIE MAE NOTESDTD 04/24/2020 0.625% 04/22/2025
3135G03U5 290,000.00 AA+ Aaa 4/22/2020 4/24/2020 289,402.60 0.67 347.40 289,843.77 275,692.27 FREDDIE MAC NOTESDTD 07/23/2020 0.375% 07/21/2025
3137EAEU9 395,000.00 AA+ Aaa 7/21/2020 7/23/2020 393,032.90 0.48 658.33 394,388.52 371,162.15 FANNIE MAE NOTESDTD 08/27/2020 0.375% 08/25/2025
3135G05X7 795,000.00 AA+ Aaa 8/25/2020 8/27/2020 791,279.40 0.47 1,043.44 793,772.04 744,445.95 FREDDIE MAC NOTESDTD 09/25/2020 0.375% 09/23/2025
3137EAEX3 295,000.00 AA+ Aaa 9/23/2020 9/25/2020 294,112.05 0.44 301.15 294,692.82 275,573.66 Security Type Sub-Total 1,775,000.00 1,767,826.95 0.50 2,350.32 1,772,697.15 1,666,874.03 Corporate
CHARLES SCHWAB CORP NOTES(CALLABLE)DTD 03/18/2021 0.750% 03/18/2024 808513BN4 105,000.00 A- A2 3/16/2021 3/18/2021 104,947.50 0.77 225.31 104,996.31 103,883.33 HSBC USA INC CORPORATE NOTESDTD 05/24/2022 3.750% 05/24/2024 40428HTA0 240,000.00 A- A2 5/17/2022 5/24/2022 239,990.40 3.75 925.00 239,998.11 238,272.00 BMW US CAPITAL LLC CORPORATENOTESDTD 08/12/2021 0.750% 08/12/2024 05565EBU8 70,000.00 A A2 8/9/2021 8/12/2021 69,993.70 0.75 202.71 69,998.71 68,080.18 WALT DISNEY COMPANY/THE(CALLABLE)DTD 09/06/2019 1.750% 08/30/2024 254687FK7 325,000.00 A- A2 9/3/2019 9/6/2019 323,674.00 1.84 1,911.63 324,823.69 317,258.50 BANK OF NY MELLON CORPDTD 10/24/2019 2.100% 10/24/2024
06406RAL1 110,000.00 A A1 1/21/2020 1/28/2020 110,484.00 2.00 429.92 110,083.04 107,431.39

ADOBE INC (CALLABLE) CORP NOTE
DTD 02/03/2020 1.900% 02/01/2025
00724PAB5 175,000.00 A+ A2 1/26/2022 1/28/2022 177,077.25 1.50 1,385.42 175,711.20 169,247.05 PACCAR FINANCIAL CORPCORPORATE NOTESDTD 02/06/2020 1.800% 02/06/2025 69371RQ66 80,000.00 A+ A1 10/22/2020 10/29/2020 83,608.80 0.73 580.00 80,929.36 77,387.76 NATIONAL RURAL UTIL COOPCORPORATE NOTESDTD 02/07/2022 1.875% 02/07/2025 63743HFC1 45,000.00 A- A2 1/31/2022 2/7/2022 44,998.65 1.88 337.50 44,999.50 43,444.89 46 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Corporate
TOYOTA MOTOR CREDIT CORP CORPNOTESDTD 02/13/2020 1.800% 02/13/2025 89236TGT6 20,000.00 A+ A1 5/20/2020 5/26/2020 20,195.40 1.58 138.00 20,046.36 19,327.30 TOYOTA MOTOR CREDIT CORP CORPNOTESDTD 02/13/2020 1.800% 02/13/2025 89236TGT6 50,000.00 A+ A1 5/20/2020 5/26/2020 50,488.50 1.58 345.00 50,115.89 48,318.25 JPMORGAN CHASE & CO CORPNOTES (CALLABLEDTD 02/16/2021 0.563% 02/16/2025 46647PBY1 60,000.00 A- A1 2/9/2021 2/16/2021 60,000.00 0.56 126.68 60,000.00 59,650.08

AMERICAN EXPRESS CO CORP
NOTES (CALLABLEDTD 03/04/2022 2.250% 03/04/2025
025816CQ0 85,000.00 BBB+ A2 3/1/2022 3/4/2022 84,914.15 2.29 621.56 84,966.47 82,266.83 ROCHE HOLDINGS INC (CALLABLE)CORPORATEDTD 03/10/2022 2.132% 03/10/2025 771196BT8 425,000.00 AA Aa2 3/3/2022 3/10/2022 425,000.00 2.13 2,793.81 425,000.00 412,457.83 HSBC USA INC CORPORATE NOTESDTD 03/17/2023 5.625% 03/17/2025 40428HVL3 275,000.00 A- A2 3/9/2023 3/17/2023 274,532.50 5.72 4,468.75 274,717.97 276,280.95 BURLINGTN NORTH SANTA FE CORPNOTES (CALDTD 03/09/2015 3.000% 04/01/2025 12189LAV3 110,000.00 AA- A3 3/5/2021 3/9/2021 118,429.30 1.07 825.00 112,213.14 107,493.32 AMAZON.COM INC CORPORATE
NOTESDTD 04/13/2022 3.000% 04/13/2025
023135CE4 95,000.00 AA A1 4/11/2022 4/13/2022 94,848.95 3.06 617.50 94,935.50 92,950.00 HOME DEPOT INC (CALLABLE)CORPORATE NOTEDTD 03/28/2022 2.700% 04/15/2025 437076CM2 25,000.00 A A2 3/24/2022 3/28/2022 24,956.25 2.76 142.50 24,981.54 24,381.63 BANK OF NY MELLON (CALLABLE)CORP NOTESDTD 04/24/2020 1.600% 04/24/2025 06406RAN7 115,000.00 A A1 3/11/2021 3/15/2021 117,725.50 1.01 342.44 115,830.63 110,464.98 CINTAS CORPORATION NO. 2 CORPNOTE (CALLDTD 05/03/2022 3.450% 05/01/2025 17252MAP5 70,000.00 A- A3 4/26/2022 5/3/2022 69,984.60 3.46 402.50 69,993.16 68,740.42 USAA CAPITAL CORP CORPORATENOTESDTD 05/26/2022 3.375% 05/01/2025 90327QD89 150,000.00 AA Aa1 5/23/2022 5/26/2022 149,509.50 3.49 843.75 149,777.42 147,063.90 47 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Corporate
CITIGROUP INC (CALLABLE)CORPORATE NOTESDTD 05/04/2021 0.981% 05/01/2025 172967MX6 125,000.00 BBB+ A3 4/27/2021 5/4/2021 125,000.00 0.98 204.38 125,000.00 122,961.38 JPMORGAN CHASE & CO (CALLABLE)CORP NOTEDTD 06/01/2021 0.824% 06/01/2025 46647PCH7 135,000.00 A- A1 5/24/2021 6/1/2021 135,000.00 0.82 92.70 135,000.00 132,661.53 NATIONAL RURAL UTIL COOPCORPORATE NOTESDTD 05/04/2022 3.450% 06/15/2025 63743HFE7 30,000.00 A- A2 4/27/2022 5/4/2022 29,991.90 3.46 46.00 29,996.22 29,380.83 IBM CORP CORPORATE NOTESDTD 07/27/2022 4.000% 07/27/2025 459200KS9 240,000.00 A- A3 7/20/2022 7/27/2022 240,000.00 4.00 4,106.67 240,000.00 237,326.16 COLGATE-PALMOLIVE COCORPORATE NOTESDTD 08/09/2022 3.100% 08/15/2025 194162AM5 25,000.00 AA- Aa3 8/1/2022 8/9/2022 24,977.00 3.13 292.78 24,987.64 24,440.50 WALMART INC CORPORATE NOTESDTD 09/09/2022 3.900% 09/09/2025 931142EW9 125,000.00 AA Aa2 9/6/2022 9/9/2022 124,912.50 3.93 1,516.67 124,950.74 123,822.13 NESTLE HOLDINGS INC CORP NOTEDTD 09/13/2022 4.000% 09/12/2025 641062BA1 150,000.00 AA- Aa3 9/6/2022 9/13/2022 149,950.50 4.01 1,816.67 149,971.97 148,494.30 HOME DEPOT INC NOTES (CALLABLE)DTD 09/19/2022 4.000% 09/15/2025 437076CR1 35,000.00 A A2 9/12/2022 9/19/2022 34,987.40 4.01 412.22 34,992.81 34,714.61 LOCKHEED MARTIN CORP NOTES(CALLABLE)DTD 10/24/2022 4.950% 10/15/2025 539830BU2 55,000.00 A- A2 10/19/2022 10/24/2022 54,843.25 5.05 574.75 54,905.83 55,367.68 PNC FINANCIAL SERVICES CORPNOTE (CALLABDTD 10/28/2022 5.671% 10/28/2025 693475BH7 105,000.00 A- A3 10/25/2022 10/28/2022 105,000.00 5.67 1,042.05 105,000.00 105,172.52 NATIONAL RURAL UTIL COOPCORPORATE NOTESDTD 10/31/2022 5.450% 10/30/2025 63743HFF4 30,000.00 A- A2 10/20/2022 10/31/2022 29,959.80 5.50 277.04 29,975.48 30,319.29 LINDE INC/CT CORPORATE NOTES(CALLABLE)DTD 12/05/2022 4.700% 12/05/2025 53522KAB9 225,000.00 A A2 11/28/2022 12/5/2022 224,757.00 4.74 763.75 224,843.91 224,959.05 NATIONAL AUSTRALIA BK/NYCORPORATE NOTESDTD 01/12/2023 4.966% 01/12/2026 63253QAA2 305,000.00 AA- Aa3 1/4/2023 1/12/2023 305,000.00 4.97 7,110.35 305,000.00 306,856.23 48 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Corporate
CITIGROUP INC CORP NOTES(CALLABLE)DTD 01/25/2022 2.014% 01/25/2026 17327CAN3 60,000.00 BBB+ A3 1/18/2022 1/25/2022 60,000.00 2.01 523.64 60,000.00 57,637.32 STATE STREET CORP NOTES(CALLABLE)DTD 01/26/2023 4.857% 01/26/2026 857477BZ5 50,000.00 A A1 1/23/2023 1/26/2023 50,000.00 4.86 1,045.60 50,000.00 49,810.85 STATE STREET CORP (CALLABLE)CORPORATE NDTD 02/07/2022 1.746% 02/06/2026 857477BR3 75,000.00 A A1 2/2/2022 2/7/2022 75,000.00 1.75 527.44 75,000.00 72,113.63 GOLDMAN SACHS GROUP INC CORPNOTES (CALLDTD 02/12/2021 0.855% 02/12/2026 38141GXS8 140,000.00 BBB+ A2 2/12/2021 2/17/2021 140,285.60 0.81 462.18 140,080.03 132,825.84 PEPSICO INC CORP NOTES(CALLABLE)DTD 02/15/2023 4.550% 02/13/2026 713448FQ6 295,000.00 A+ A1 2/13/2023 2/15/2023 294,828.90 4.57 5,145.29 294,878.95 296,109.50 JPMORGAN CHASE & CO CORPNOTES (CALLABLEDTD 02/24/2022 2.595% 02/24/2026 46647PCV6 100,000.00 A- A1 2/16/2022 2/24/2022 100,000.00 2.60 915.46 100,000.00 96,881.10 COMMONWEALTH BK AUSTR NYCORPORATE NOTESDTD 03/13/2023 5.316% 03/13/2026 20271RAR1 500,000.00 AA- Aa3 3/6/2023 3/13/2023 500,000.00 5.32 7,974.00 500,000.00 507,411.50 NATIONAL RURAL UTIL COOP CORPNOTES (CALDTD 02/09/2023 4.450% 03/13/2026 63743HFH0 65,000.00 A- A2 2/2/2023 2/9/2023 64,953.85 4.47 867.75 64,967.19 64,664.02 CITIGROUP INC CORP NOTES(CALLABLE)DTD 03/17/2022 3.290% 03/17/2026 172967NL1 65,000.00 BBB+ A3 3/10/2022 3/17/2022 65,000.00 3.29 617.79 65,000.00 63,249.36 STATE STREET CORP NOTES(CALLABLE)DTD 10/29/2020 2.901% 03/30/2026 857477BM4 200,000.00 A A1 2/17/2022 2/22/2022 204,026.00 2.38 1,466.62 201,614.67 194,387.60 PACCAR FINANCIAL CORPCORPORATE NOTESDTD 03/30/2023 4.450% 03/30/2026 69371RS49 350,000.00 A+ A1 3/27/2023 3/30/2023 349,765.50 4.47 3,937.01 349,824.77 349,274.45 JPMORGAN CHASE & CO (CALLABLE)CORPORATEDTD 04/26/2022 4.080% 04/26/2026 46647PCZ7 100,000.00 A- A1 4/19/2022 4/26/2022 100,000.00 4.08 736.67 100,000.00 98,440.40 49 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Corporate
UNITEDHEALTH GROUP INC(CALLABLE) CORPORDTD 05/19/2021 1.150% 05/15/2026 91324PEC2 250,000.00 A+ A2 5/17/2021 5/19/2021 249,565.00 1.19 367.36 249,793.48 231,444.00

AMERICAN HONDA FINANCE
CORPORATE NOTESDTD 07/07/2023 5.250% 07/07/2026
02665WEK3 155,000.00 A- A3 7/5/2023 7/7/2023 154,809.35 5.29 3,933.13 154,840.31 157,785.35 MORGAN STANLEY CORP NOTESDTD 07/25/2016 3.125% 07/27/2026 61761J3R8 175,000.00 A- A1 12/2/2021 12/6/2021 184,782.50 1.86 2,339.41 180,416.76 167,635.83 TRUIST FIN CORP NOTES (CALLABLE)DTD 07/28/2022 4.260% 07/28/2026 89788MAH5 105,000.00 A- A3 7/25/2022 7/28/2022 105,000.00 4.26 1,901.03 105,000.00 102,999.54 STATE STREET CORP NOTES(CALLABLE)DTD 08/03/2023 5.272% 08/03/2026 857477CD3 195,000.00 A A1 7/31/2023 8/3/2023 195,000.00 5.27 4,226.39 195,000.00 197,754.96 WELLS FARGO BANK NA BANKNOTES (CALLABLEDTD 08/09/2023 5.450% 08/07/2026 94988J6D4 250,000.00 A+ Aa2 8/3/2023 8/9/2023 249,782.50 5.48 5,374.31 249,811.33 254,149.75 TOYOTA MOTOR CREDIT CORPCORPORATE NOTESDTD 08/14/2023 5.000% 08/14/2026 89236TKX2 275,000.00 A+ A1 8/9/2023 8/14/2023 274,667.25 5.04 5,232.64 274,709.75 278,407.80 HERSHEY COMPANY CORP NOTES(CALLABLE)DTD 08/09/2016 2.300% 08/15/2026 427866AX6 350,000.00 A A1 1/26/2023 1/30/2023 326,788.00 4.34 3,041.11 332,819.89 331,795.45 BANK OF AMERICA NA CORPORATENOTESDTD 08/18/2023 5.526% 08/18/2026 06428CAA2 450,000.00 A+ Aa1 8/14/2023 8/18/2023 450,000.00 5.53 9,186.98 450,000.00 458,658.90 JOHN DEERE CAPITAL CORPCORPORATE NOTESDTD 09/08/2023 5.150% 09/08/2026 24422EXD6 300,000.00 A A2 9/5/2023 9/8/2023 299,787.00 5.18 4,849.58 299,807.92 305,468.40 BANK OF AMERICA CORP(CALLABLE) CORPORATDTD 10/21/2020 1.197% 10/24/2026 06051GJK6 225,000.00 A- A1 12/2/2021 12/6/2021 219,908.25 1.68 501.24 222,067.17 208,980.68 TRUIST FINANCIAL CORP NOTES(CALLABLE)DTD 10/28/2022 5.900% 10/28/2026 89788MAJ1 110,000.00 A- A3 10/26/2022 10/28/2022 110,000.00 5.90 1,135.75 110,000.00 110,929.94 50 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Corporate
STATE STREET CORP NOTES(CALLABLE)DTD 11/04/2022 5.751% 11/04/2026 857477BX0 45,000.00 A A1 11/1/2022 11/4/2022 45,000.00 5.75 409.76 45,000.00 45,663.35 PEPSICO INC CORPORATE NOTES(CALLABLE)DTD 11/10/2023 5.125% 11/10/2026 713448FW3 60,000.00 A+ A1 11/8/2023 11/10/2023 59,983.80 5.13 435.63 59,984.52 61,222.02 NATIONAL RURAL COOP CORPORATENOTES (CALDTD 11/02/2023 5.600% 11/13/2026 63743HFK3 115,000.00 A- A2 10/30/2023 11/2/2023 114,959.75 5.61 1,055.45 114,961.77 118,096.38 ROCHE HOLDINGS INC CORP NOTE(CALLABLE)DTD 11/13/2023 5.265% 11/13/2026 771196CE0 255,000.00 AA Aa2 11/6/2023 11/13/2023 255,000.00 5.27 1,790.10 255,000.00 260,279.27 CITIBANK NA CORP NOTES(CALLABLE)DTD 12/04/2023 5.488% 12/04/2026 17325FBC1 250,000.00 A+ Aa3 11/27/2023 12/4/2023 250,000.00 5.49 1,029.00 250,000.00 254,701.25 JP MORGAN CORP NOTES(CALLABLE)DTD 12/08/2023 5.110% 12/08/2026 48125LRU8 400,000.00 A+ Aa2 12/5/2023 12/8/2023 400,000.00 5.11 1,305.89 400,000.00 404,039.20 WELLS FARGO CORP NOTES(CALLABLE)DTD 12/11/2023 5.254% 12/11/2026 94988J6F9 400,000.00 A+ Aa2 12/4/2023 12/11/2023 400,000.00 5.25 1,167.56 400,000.00 405,090.80

AMERICAN HONDA FINANCE
CORPORATE NOTESDTD 01/10/2020 2.350% 01/08/2027
02665WDJ7 250,000.00 A- A3 2/6/2023 2/8/2023 230,772.50 4.51 2,823.26 235,169.28 235,105.25 TARGET CORP CORP NOTES(CALLABLE)DTD 01/24/2022 1.950% 01/15/2027 87612EBM7 45,000.00 A A2 1/19/2022 1/24/2022 44,923.50 1.99 404.62 44,953.27 41,993.19 TARGET CORP CORP NOTES(CALLABLE)DTD 01/24/2022 1.950% 01/15/2027 87612EBM7 155,000.00 A A2 1/28/2022 2/1/2022 154,446.65 2.03 1,393.71 154,660.47 144,643.21 PNC FINANCIAL SERVICES CORPNOTES (CALLADTD 01/24/2023 4.758% 01/26/2027 693475BL8 40,000.00 A- A3 1/19/2023 1/24/2023 40,000.00 4.76 819.43 40,000.00 39,534.52 MORGAN STANLEY CORPORATENOTES (CALLABLEDTD 01/19/2023 5.050% 01/28/2027 61747YEZ4 200,000.00 A- A1 1/17/2023 1/19/2023 199,996.00 5.05 4,292.50 199,996.94 200,271.20 51 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Corporate
JOHN DEERE CAPITAL CORPCORPORATE NOTESDTD 03/07/2022 2.350% 03/08/2027 24422EWD7 125,000.00 A A2 3/8/2022 3/10/2022 124,690.00 2.40 922.05 124,802.51 117,423.88 BMW US CAPITAL LLC (CALLABLE)CORP NOTESDTD 04/01/2022 3.450% 04/01/2027 05565ECA1 150,000.00 A A2 4/1/2022 4/5/2022 150,480.00 3.38 1,293.75 150,309.55 144,247.65 BANK OF NY MELLON CORP NOTES(CALLABLE)DTD 04/26/2023 4.947% 04/26/2027 06406RBQ9 325,000.00 A A1 4/19/2023 4/26/2023 325,000.00 4.95 2,902.93 325,000.00 324,940.53 NORTHERN TRUST CORP NOTE(CALLABLE)DTD 05/10/2022 4.000% 05/10/2027 665859AW4 150,000.00 A+ A2 5/11/2022 5/13/2022 151,750.50 3.74 850.00 151,166.67 147,963.15

APPLE INC CORP NOTES (CALLABLE)
DTD 05/11/2017 3.200% 05/11/2027
037833CR9 250,000.00 AA+ Aaa 5/23/2022 5/25/2022 247,552.50 3.42 1,111.11 248,344.02 241,872.50 INTEL CORP NOTES (CALLABLE)DTD 08/05/2022 3.750% 08/05/2027 458140BY5 225,000.00 A A2 8/5/2022 8/9/2022 224,340.75 3.82 3,421.88 224,525.28 220,249.13 HOME DEPOT INC CORP NOTES(CALLABLE)DTD 09/14/2017 2.800% 09/14/2027 437076BT8 250,000.00 A A2 2/6/2023 2/8/2023 234,095.00 4.34 2,080.56 237,192.64 237,692.75 CITIGROUP INC CORP (CALLABLE)NOTESDTD 01/10/2017 3.887% 01/10/2028 172967LD1 175,000.00 BBB+ A3 6/12/2023 6/14/2023 165,800.25 5.19 3,231.07 166,906.86 169,385.83 HONEYWELL INTL CORP NOTES(CALLABLE)DTD 11/02/2022 4.950% 02/15/2028 438516CJ3 225,000.00 A A2 6/1/2023 6/5/2023 231,572.25 4.26 4,207.50 230,753.16 231,486.98 TEXAS INSTRUMENTS INC CORPNOTE (CALLABLDTD 11/18/2022 4.600% 02/15/2028 882508BV5 115,000.00 A+ Aa3 5/11/2023 5/18/2023 117,764.60 4.04 1,998.44 117,394.47 116,851.62 WELLS FARGO CORP NOTES(CALLABLE)DTD 03/24/2022 3.526% 03/24/2028 95000U2V4 250,000.00 BBB+ A1 6/1/2023 6/5/2023 235,302.50 4.91 2,375.15 237,062.18 237,598.00 JPMORGAN CHASE & CORP NOTES(CALLABLE)DTD 04/25/2017 3.540% 05/01/2028 46647PAF3 250,000.00 A- A1 6/12/2023 6/14/2023 234,055.00 5.03 1,475.00 235,852.50 238,645.00 52 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Corporate
HERSHEY COMPANY CORP NOTESCALLABLEDTD 05/04/2023 4.250% 05/04/2028 427866BH0 325,000.00 A A1 5/8/2023 5/10/2023 326,979.25 4.11 2,186.98 326,718.44 324,575.88 GENERAL DYNAMICS CORP NOTES(CALLABLE)DTD 05/11/2018 3.750% 05/15/2028 369550BC1 275,000.00 A- A3 6/1/2023 6/5/2023 266,582.25 4.45 1,317.71 267,561.06 269,672.98 MERCEDES-BENZ FIN NACORPORATE NOTESDTD 08/03/2023 5.100% 08/03/2028 58769JAL1 475,000.00 A A2 8/21/2023 8/23/2023 469,015.00 5.39 9,959.17 469,448.89 483,836.90 BMW US CAPITAL LLC CORP NOTES(CALLABLE)DTD 08/11/2023 5.050% 08/11/2028 05565ECE3 300,000.00 A A2 8/11/2023 8/15/2023 297,564.00 5.24 5,891.67 297,749.74 305,270.70 Security Type Sub-Total 15,135,000.00 15,051,314.05 4.05 164,381.27 15,054,889.04 14,962,046.09 Agency CMBS
FHMS K047 A2DTD 07/30/2015 3.329% 05/01/2025
3137BKRJ1 300,000.00 AA+ Aaa 5/19/2022 5/24/2022 301,921.88 3.10 832.25 300,870.49 293,600.48 FHLMC SERIES K049 A2DTD 10/01/2015 3.010% 07/01/2025
3137BLMZ8 325,000.00 AA+ Aaa 8/11/2022 8/16/2022 320,416.99 3.53 815.21 322,612.47 316,212.14 FHMS K052 A1DTD 12/01/2015 3.308% 09/01/2025
3137BM7C4 150,000.00 AA+ Aaa 8/5/2022 8/10/2022 148,910.16 3.56 413.50 149,406.34 146,402.20 FHMS K052 A2DTD 02/10/2016 3.151% 11/01/2025
3137BMTX4 250,000.00 AA+ Aaa 7/21/2022 7/26/2022 247,109.38 3.53 656.46 248,377.96 243,204.72 FHMS K053 A2DTD 03/29/2016 2.995% 12/01/2025
3137BN6G4 250,000.00 AA+ Aaa 8/4/2022 8/9/2022 247,119.14 3.36 623.96 248,333.39 242,382.71 FHMS K054 A2DTD 04/20/2016 2.745% 01/01/2026
3137BNGT5 275,000.00 AA+ Aaa 4/11/2023 4/14/2023 263,613.28 4.37 629.06 266,617.63 265,159.80 FHMS K054 A2DTD 04/20/2016 2.745% 01/01/2026
3137BNGT5 250,000.00 AA+ Aaa 3/1/2023 3/6/2023 235,429.69 4.96 571.88 239,679.36 241,054.36 FNA 2016-M3 A2DTD 03/31/2016 2.702% 02/01/2026
3136ARTE8 178,507.28 AA+ Aaa 10/6/2022 10/12/2022 168,410.48 4.55 401.94 172,138.27 171,761.68 FHMS K057 A2DTD 09/28/2016 2.570% 07/01/2026
3137BRQJ7 300,000.00 AA+ Aaa 5/18/2023 5/23/2023 285,257.81 4.26 642.50 288,154.29 286,638.22 53 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Agency CMBS
FHMS K736 A2DTD 09/01/2019 2.282% 07/01/2026
3137FNWX4 400,000.00 AA+ Aaa 10/5/2023 10/11/2023 371,140.63 5.13 760.67 373,521.38 379,840.23 FHMS K058 A2DTD 11/09/2016 2.653% 08/01/2026
3137BSP72 450,000.00 AA+ Aaa 4/12/2023 4/17/2023 429,521.48 4.14 994.88 433,934.07 429,628.47 FHMS K061 A2DTD 01/30/2017 3.347% 11/01/2026
3137BTUM1 239,641.28 AA+ Aaa 5/19/2023 5/24/2023 232,264.82 4.31 668.40 233,567.58 232,656.90 FHMS K063 A2DTD 03/01/2017 3.430% 01/01/2027
3137BVZ82 700,000.00 AA+ Aaa 5/18/2023 5/23/2023 679,765.63 4.30 2,000.83 683,186.60 680,590.65 FHLMC MULTIFAMILY STRUCTURED PDTD 07/01/2017 3.243% 04/01/2027 3137F1G44 600,000.00 AA+ Aaa 6/12/2023 6/15/2023 573,585.94 4.51 1,621.50 577,397.49 579,111.83 FNA 2017-M12 A2DTD 10/30/2017 3.060% 06/01/2027
3136AX7E9 256,692.14 AA+ Aaa 8/24/2023 8/29/2023 239,997.11 5.07 654.50 241,518.16 246,515.82 FNA 2017-M15 A2DTD 12/29/2017 2.960% 09/01/2027
3136AY6X6 359,503.89 AA+ Aaa 8/24/2023 8/29/2023 334,773.95 4.96 886.85 336,885.45 343,988.22 FHMS K743 A2DTD 06/30/2021 1.770% 05/01/2028
3137H14B9 500,000.00 AA+ Aaa 8/10/2023 8/15/2023 437,617.19 4.73 737.50 442,655.66 449,210.44 FHMS K505 A2DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 700,000.00 AA+ Aaa 7/13/2023 7/20/2023 706,991.60 4.59 2,811.08 706,342.77 711,479.27 FNA 2023-M6 A2DTD 07/01/2023 4.190% 07/01/2028
3136BQDE6 550,000.00 AA+ Aaa 8/22/2023 8/25/2023 529,203.13 5.07 1,920.42 530,717.12 546,132.14 FHMS K506 A2DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 650,000.00 AA+ Aaa 9/7/2023 9/14/2023 640,384.55 4.99 2,518.75 640,905.67 657,514.35 FHMS K508 A2DTD 10/01/2023 4.740% 08/01/2028
3137HAQ74 650,000.00 AA+ Aaa 10/11/2023 10/19/2023 635,741.60 5.26 2,567.50 636,272.90 659,820.03 FHMS KJ47 A1DTD 09/01/2023 5.272% 08/01/2028
3137HAMN3 283,916.96 AA+ Aaa 9/19/2023 9/28/2023 283,915.54 5.27 1,247.34 283,915.61 290,825.72 FHMS K509 A2DTD 10/01/2023 4.850% 09/01/2028
3137HAST4 450,000.00 AA+ Aaa 10/25/2023 10/31/2023 435,652.65 5.60 1,818.75 436,092.29 459,031.40 FHMS K510 A2DTD 11/01/2023 5.069% 10/01/2028
3137HB3D4 235,000.00 AA+ Aaa 11/14/2023 11/21/2023 234,320.62 5.14 992.68 234,334.33 241,654.69 FHMS K511 A2DTD 12/01/2023 4.860% 10/01/2028
3137HB3G7 360,000.00 AA+ Aaa 11/28/2023 12/7/2023 358,965.72 4.93 1,458.00 358,978.53 367,627.15 54 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Agency CMBS
FHMS K512 A2DTD 12/01/2023 5.000% 11/01/2028
3137HBCF9 265,000.00 AA+ Aaa 12/11/2023 12/21/2023 267,474.57 4.78 1,104.17 267,461.19 272,290.34 Security Type Sub-Total 9,928,261.55 9,609,505.54 4.63 30,350.58 9,653,877.00 9,754,333.96 ABS
HAROT 2020-3 A3DTD 09/29/2020 0.370% 10/18/2024
43813KAC6 2,529.47 AAA NR 9/22/2020 9/29/2020 2,529.10 0.37 0.34 2,529.40 2,524.44 CARMX 2020-4 A3DTD 10/21/2020 0.500% 08/15/2025
14316HAC6 14,628.52 AAA NR 10/14/2020 10/21/2020 14,625.30 0.50 3.25 14,627.44 14,475.29 HART 2021-A A3DTD 04/28/2021 0.380% 09/15/2025
44933LAC7 20,244.16 AAA NR 4/20/2021 4/28/2021 20,242.03 0.38 3.42 20,243.33 19,967.80 KCOT 2021-2A A3DTD 07/28/2021 0.560% 11/17/2025
50117XAE2 80,900.20 NR Aaa 7/20/2021 7/28/2021 80,897.15 0.56 20.14 80,898.87 78,709.57 CARMX 2021-1 A3DTD 01/27/2021 0.340% 12/15/2025
14316NAC3 9,474.21 AAA NR 1/20/2021 1/27/2021 9,472.33 0.34 1.43 9,473.46 9,303.17 CARMX 2021-2 A3DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 44,027.41 AAA NR 4/13/2021 4/21/2021 44,017.91 0.52 10.18 44,023.22 43,051.23 TAOT 2021-D A3DTD 11/15/2021 0.710% 04/15/2026
89238JAC9 70,741.23 AAA NR 11/9/2021 11/15/2021 70,739.72 0.71 22.32 70,740.45 68,667.54 HART 2021-C A3DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 51,788.56 AAA NR 11/9/2021 11/17/2021 51,777.00 0.75 17.03 51,782.46 50,406.14 CARMX 2021-3 A3DTD 07/28/2021 0.550% 06/15/2026
14317DAC4 90,240.87 AAA Aaa 7/21/2021 7/28/2021 90,226.02 0.55 22.06 90,233.41 87,360.31 VALET 2021-1 A3DTD 12/13/2021 1.020% 06/22/2026
92868KAC7 83,018.65 AAA Aaa 12/7/2021 12/13/2021 83,015.39 1.02 25.87 83,016.87 80,832.62 DCENT 2021-A1 A1DTD 09/27/2021 0.580% 09/15/2026
254683CP8 95,000.00 AAA Aaa 9/20/2021 9/27/2021 94,979.66 0.58 24.49 94,988.92 91,854.50 COPAR 2021-1 A3DTD 10/27/2021 0.770% 09/15/2026
14044CAC6 69,135.63 AAA Aaa 10/19/2021 10/27/2021 69,134.32 0.77 23.66 69,134.90 66,900.43 GMCAR 2021-4 A3DTD 10/21/2021 0.680% 09/16/2026
362554AC1 57,634.81 AAA Aaa 10/13/2021 10/21/2021 57,633.35 0.68 16.33 57,634.00 55,733.50 KCOT 2022-1A A3DTD 03/23/2022 2.670% 10/15/2026
50117EAC8 170,000.00 NR Aaa 3/15/2022 3/23/2022 169,975.69 2.67 201.73 169,985.15 164,948.74 55 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
ABS
WOART 2021-D A3DTD 11/03/2021 0.810% 10/15/2026
98163KAC6 83,547.73 AAA NR 10/26/2021 11/3/2021 83,536.36 0.81 30.08 83,541.32 81,124.49 HART 2022-A A3DTD 03/16/2022 2.220% 10/15/2026
448977AD0 179,652.15 AAA NR 3/9/2022 3/16/2022 179,645.24 2.22 177.26 179,647.95 175,374.22 GMCAR 2022-1 A3DTD 01/19/2022 1.260% 11/16/2026
380146AC4 62,546.46 AAA NR 1/11/2022 1/19/2022 62,541.02 1.26 32.84 62,543.22 60,683.41 HDMOT 2022-A A3DTD 04/20/2022 3.060% 02/15/2027
41284YAD8 150,612.83 AAA Aaa 4/12/2022 4/20/2022 150,587.75 3.06 204.83 150,596.59 147,929.32 COMET 2022-A1 A1DTD 03/30/2022 2.800% 03/15/2027
14041NFZ9 325,000.00 AAA NR 3/23/2022 3/30/2022 324,975.50 2.80 404.44 324,984.19 316,764.53 HART 2023-A A3DTD 04/12/2023 4.580% 04/15/2027
448979AD6 220,000.00 AAA NR 4/4/2023 4/12/2023 219,978.53 4.58 447.82 219,982.40 218,446.05 HART 2022-C A3DTD 11/09/2022 5.390% 06/15/2027
44933DAD3 185,000.00 AAA NR 11/1/2022 11/9/2022 184,999.11 5.39 443.18 184,999.33 185,708.22 KCOT 2023-1A A3DTD 03/31/2023 5.020% 06/15/2027
50117KAC4 240,000.00 NR Aaa 3/28/2023 3/31/2023 239,962.44 5.02 535.47 239,969.18 241,043.52 CARMX 2022-4 A3DTD 10/31/2022 5.340% 08/16/2027
14318UAD3 195,000.00 AAA NR 10/26/2022 10/31/2022 194,954.27 5.35 462.80 194,965.43 195,598.75 MBART 2022-1 A3DTD 11/22/2022 5.210% 08/16/2027
58768PAC8 265,000.00 AAA Aaa 11/15/2022 11/22/2022 264,947.58 5.21 613.62 264,959.87 265,310.87 MBART 2023-1 A3DTD 01/25/2023 4.510% 11/15/2027
58770AAC7 135,000.00 AAA NR 1/18/2023 1/25/2023 134,983.80 4.51 270.60 134,986.95 134,172.42 HDMOT 2023-A A3DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 230,000.00 NR Aaa 2/13/2023 2/23/2023 229,976.84 5.05 516.22 229,980.95 229,440.32 KCOT 2023-2A A3DTD 07/26/2023 5.280% 01/18/2028
500945AC4 175,000.00 NR Aaa 7/18/2023 7/26/2023 174,955.80 5.29 410.67 174,960.09 177,197.32 BAAT 2023-1A A3DTD 07/31/2023 5.530% 02/15/2028
06428AAC2 235,000.00 NR Aaa 7/25/2023 7/31/2023 234,991.09 5.53 577.58 234,991.92 237,855.25 TAOT 2023-B A3DTD 05/23/2023 4.710% 02/15/2028
891941AD8 270,000.00 NR Aaa 5/16/2023 5/23/2023 269,984.91 4.71 565.20 269,986.86 269,721.74 FORDO 2023-A A3DTD 03/31/2023 4.650% 02/15/2028
344928AD8 180,000.00 AAA NR 3/28/2023 3/31/2023 179,981.23 4.65 372.00 179,984.14 179,173.76 GMCAR 2023-2 A3DTD 04/12/2023 4.470% 02/16/2028
362583AD8 180,000.00 AAA Aaa 4/4/2023 4/12/2023 179,995.05 4.47 335.25 179,995.79 179,020.84 56 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
ABS
BMWOT 2023-A A3DTD 07/18/2023 5.470% 02/25/2028
05592XAD2 115,000.00 AAA NR 7/11/2023 7/18/2023 114,979.62 5.47 104.84 114,981.64 116,455.81 DCENT 2023-A1 ADTD 04/11/2023 4.310% 03/15/2028
254683CY9 225,000.00 NR Aaa 4/4/2023 4/11/2023 224,986.95 4.31 431.00 224,988.87 223,425.70 HART 2023-B A3DTD 07/19/2023 5.480% 04/17/2028
44933XAD9 140,000.00 AAA NR 7/11/2023 7/19/2023 139,993.92 5.48 340.98 139,994.50 141,955.94 ALLYA 2023-1 A3
DTD 07/19/2023 5.460% 05/15/2028
02007WAC2 250,000.00 NR Aaa 7/11/2023 7/19/2023 249,957.38 5.46 606.67 249,961.40 252,990.63 FORDO 2023-B A3DTD 06/26/2023 5.230% 05/15/2028
344930AD4 200,000.00 AAA NR 6/21/2023 6/26/2023 199,997.30 5.23 464.89 199,997.59 202,129.96 BACCT 2023-A1 A1DTD 06/16/2023 4.790% 05/15/2028
05522RDG0 230,000.00 AAA NR 6/8/2023 6/16/2023 229,947.93 4.79 489.64 229,953.70 230,752.70 COMET 2023-A1 ADTD 05/24/2023 4.420% 05/15/2028
14041NGD7 415,000.00 AAA NR 5/17/2023 5/24/2023 414,904.84 4.43 815.24 414,916.46 413,286.51 AMXCA 2023-1 A
DTD 06/14/2023 4.870% 05/15/2028
02582JJZ4 255,000.00 AAA NR 6/7/2023 6/14/2023 254,977.38 4.87 551.93 254,979.91 256,965.31 USAOT 2023-A A3DTD 09/15/2023 5.580% 05/15/2028
90291VAC4 520,000.00 AAA Aaa 9/7/2023 9/15/2023 519,909.00 5.58 1,289.60 519,914.09 525,754.58 BAAT 2023-2A A3DTD 11/21/2023 5.740% 06/15/2028
06054YAC1 460,000.00 NR Aaa 11/15/2023 11/21/2023 459,991.67 5.74 1,173.51 459,991.85 469,991.12 DCENT 2023-A2 ADTD 06/28/2023 4.930% 06/15/2028
254683CZ6 455,000.00 AAA Aaa 6/21/2023 6/28/2023 454,938.53 4.93 996.96 454,944.87 458,640.50 GMCAR 2023-3 A3DTD 07/19/2023 5.450% 06/16/2028
36267KAD9 140,000.00 AAA Aaa 7/11/2023 7/19/2023 139,994.60 5.45 317.92 139,995.10 142,159.70 HAROT 2023-4 A3DTD 11/08/2023 5.670% 06/21/2028
438123AC5 115,000.00 NR Aaa 11/1/2023 11/8/2023 114,979.75 5.67 181.13 114,980.32 117,427.43 FITAT 2023-1 A3DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 475,000.00 AAA Aaa 8/15/2023 8/23/2023 474,970.55 5.53 1,167.44 474,972.67 480,200.63 HDMOT 2023-B A3DTD 09/27/2023 5.690% 08/15/2028
41285YAC9 465,000.00 AAA Aaa 9/20/2023 9/27/2023 464,894.86 5.70 1,175.93 464,899.80 471,512.28 TAOT 2023-D A3DTD 11/14/2023 5.540% 08/15/2028
89239FAD4 130,000.00 AAA NR 11/7/2023 11/14/2023 129,985.99 5.54 320.09 129,986.33 132,519.18 GMCAR 2023-4 A3DTD 10/11/2023 5.780% 08/16/2028
379930AD2 215,000.00 AAA Aaa 10/3/2023 10/11/2023 214,955.84 5.78 517.79 214,957.62 220,172.77 57 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Portfolio Holdings
|
Security Type/DescriptionDated Date/Coupon/Maturity CUSIP Par S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
ABS
HART 2023-C A3DTD 11/13/2023 5.540% 10/16/2028
44918CAD4 200,000.00 AAA NR 11/3/2023 11/13/2023 199,973.70 5.54 492.44 199,974.33 203,686.82 BACCT 2023-A2 A2DTD 12/14/2023 4.980% 11/15/2028
05522RDH8 230,000.00 NR Aaa 12/7/2023 12/14/2023 229,969.11 4.98 540.89 229,969.38 232,379.21 Security Type Sub-Total 9,405,722.89 9,404,570.41 4.60 18,771.00 9,404,748.49 9,421,707.09 Managed Account Sub Total 71,448,984.44 70,358,056.41 451,064.98 69,841,361.89Securities Sub TotalAccrued Interest $71,495,901.20 $70,404,973.17 $451,064.98 $69,888,278.65 $451,064.98
70,587,051.16
$70,633,967.92

3.68 3.68%
Total Investments $70,339,343.63
58 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Appendix
|
Important Disclosures
This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation, as it was prepared without regard to any specific objectives or financial circumstances.Investment advisory services are provided by PFM Asset Management LLC ("PFMAM"), an investment adviser registered with the U.S. Securities and Exchange Commission and a subsidiary of U.S. Bancorp Asset Management, Inc. ("USBAM"). USBAM is a subsidiary of U.S. Bank National Association ("U.S. Bank"). U.S. Bankis a separate entity and subsidiary of U.S. Bancorp. U.S. Bank is not responsible for and does not guarantee the products, services or performance of PFMAM. The information contained is not an offer to purchase or sell any securities. Additional applicable regulatory information is available upon request.PFMAM professionals have exercised reasonable professional care in the preparation of this performance report. Information in this report is obtained from sourcesexternal to PFMAM and is generally believed to be reliable and available to the public; however, we cannot guarantee its accuracy, completeness or suitability. We rely on the client's custodian for security holdings and market values. Transaction dates reported by the custodian may differ from money manager statements. While efforts are made to ensure the data contained herein is accurate and complete, we disclaim all responsibility for any errors that may occur. References to particular issuers arefor illustrative purposes only and are not intended to be recommendations or advice regarding such issuers. Fixed income manager and index characteristics are gathered from external sources. When average credit quality is not available, it is estimated by taking the market value weights of individual credit tiers on the portion ofthe strategy rated by a NRSRO.It is not possible to invest directly in an index. The index returns shown throughout this material do not represent the results of actual trading of investor assets.

Third-party providers maintain the indices shown and calculate the index levels and performance shown or discussed. Index returns do not reflect payment of any salescharges or fees an investor would pay to purchase the securities they represent. The imposition of these fees and charges would cause investment performance to belower than the performance shown.The views expressed within this material constitute the perspective and judgment of PFMAM at the time of distribution and are subject to change. Any forecast,projection, or prediction of the market, the economy, economic trends, and equity or fixed-income markets are based upon certain assumptions and current opinion asof the date of issue and are also subject to change. Some, but not all assumptions are noted in the report. Assumptions may or may not be proven correct as actualevents occur, and results may depend on events outside of your or our control. Changes in assumptions may have a material effect on results. Opinions and datapresented are not necessarily indicative of future events or expected performance.For more information regarding PFMAM's services or entities, please visit www.pfmam.com.© 2023 PFM Asset Management LLC. Further distribution is not permitted without prior written consent. 59 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Appendix
|
Important Disclosures
This information is for institutional investor use only, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer to buyor sell any fund or other security. Investors should consider the Trust's investment objectives, risks, charges, and expenses before investing in the Trust. This and otherinformation about the Trust is available in the Trust's current Information Sheet, which should be read carefully before investing. A copy of the Trust's information Statement may be available by calling 1-800-729-7665 or is available on the Trust's website at www.camponline.com. While the Cash Reserve Portfolio seeks tomaintain a stable net asset value of $1.00 per share and the CAMP TERM Portfolio seeks to achieve a net asset value of $1.00 per share at the stated maturity, it is possible to lose money investing in the Trust. An investment in the Trust is not insured or guaranteed by the Federal Deposit Insurance Corporation or any othergovernment agency. Shares of the Trust are distributed by PFM Fund Distributors, Inc., member Financial Industry Regulatory Authority (FINRA) (www.finra.org) andSecurities Investor Protection Corporation (SIPC) (www.sipc.org). PFM Fund Distributors, Inc. is an affiliate of PFM Asset Management LLC.

Market values that include accrued interest are derived from closing bid prices as of the last business day of the month as supplied by Refinitiv, Bloomberg, or Telerate. Where prices are not available from generally recognized sources, the securities are priced using a yield-based matrix system to arrive at an estimatedmarket value.

In accordance with generally accepted accounting principles, information is presented on a trade date basis; forward settling purchases are included in the monthly balances, and forward settling sales are excluded.

Performance is presented in accordance with the CFA Institute's Global Investment Performance Standards (GIPS). Unless otherwise noted, performance is showngross of fees. Quarterly returns are presented on an unannualized basis. Returns for periods greater than one year are presented on an annualized basis. Past performance is not indicative of future returns.

Bank of America/Merrill Lynch Indices provided by Bloomberg Financial Markets.Money market fund/cash balances are included in performance and duration computations.Standard & Poor's is the source of the credit ratings. Distribution of credit rating is exclusive of money market fund/LGIP holdings.Callable securities in the portfolio are included in the maturity distribution analysis to their stated maturity date, although, they may be called prior to maturity.MBS maturities are represented by expected average life. 60 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Appendix
|
Glossary
Accrued Interest: Interest that is due on a bond or other fixed income security since the last interest payment was made.Agencies: Federal agency securities and/or Government-sponsored enterprises.Amortized Cost: The original cost of the principal of the security is adjusted for the amount of the periodic reduction of any discount or premium from the purchase date until the date of the report. Discount or premium with respect to short-term securities (those with less than one year to maturity at time of issuance) is amortized on a straight line basis. Such discount or premium with respect to longer-term securities is amortized using the constant yield basis.

Asset-Backed Security: A financial instrument collateralized by an underlying pool of assets – usually ones that generate a cash flow from debt, such as loans, leases, credit card balances, and receivables.

Bankers’ Acceptance: A draft or bill or exchange accepted by a bank or trust company. The accepting institution guarantees payment of the bill as well as the insurer.Commercial Paper: An unsecured obligation issued by a corporation or bank to finance its short-term credit needs, such as accounts receivable and inventory.Contribution to Total Return: The weight of each individual security multiplied by its return, then summed for each sector to determine how much each sector addedor subtracted from the overall portfolio performance.Effective Duration: A measure of the sensitivity of a security’s price to a change in interest rates, stated in years.Effective Yield: The total yield an investor receives in relation to the nominal yield or coupon of a bond. Effective yield takes into account the power of compoundingon investment returns, while nominal yield does not.FDIC: Federal Deposit Insurance Corporation. A federal agency that insures bank deposits to a specified amount.Interest Rate: Interest per year divided by principal amount and expressed as a percentage.Market Value: The value that would be received or paid for an investment in an orderly transaction between market participants at the measurement date.Maturity: The date upon which the principal or stated value of an investment becomes due and payable.Negotiable Certificates of Deposit: A CD with a very large denomination, usually $1 million or more, that can be traded in secondary markets.Par Value: The nominal dollar face amount of a security.Pass-through Security: A security representing pooled debt obligations that passes income from debtors to its shareholders. The most common type is themortgage-backed security. 61 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2023
Appendix
|
Glossary
Repurchase Agreements: A holder of securities sells these securities to an investor with an agreement to repurchase them at a fixed price on a fixed date.Settle Date: The date on which the transaction is settled and monies/securities are exchanged. If the settle date of the transaction (i.e., coupon payments andmaturity proceeds) occurs on a non-business day, the funds are exchanged on the next business day.Supranational: A multinational union or association in which member countries cede authority and sovereignty on at least some internal matters to the group, whosedecisions are binding on its members.Trade Date: The date on which the transaction occurred; however, the final consummation of the security transaction and payment has not yet taken place.Unsettled Trade: A trade which has been executed; however, the final consummation of the security transaction and payment has not yet taken place.U.S. Treasury: The department of the U.S. government that issues Treasury securities.Yield: The rate of return based on the current market value, the annual interest receipts, maturity value, and the time period remaining until maturity, stated as a percentage on an annualized basis.

YTM at Cost: The yield to maturity at cost is the expected rate of return based on the original cost, the annual interest receipts, maturity value, and the time periodfrom purchase date to maturity, stated as a percentage on an annualized basis.YTM at Market: The yield to maturity at market is the rate of return based on the current market value, the annual interest receipts, maturity value, and the timeperiod remaining until maturity, stated as a percentage on an annualized basis. 62 ITEM # 12

CITY OF SANTA FE SPRINGS

CITY COUNCIL AGENDA STAFF REPORT
TO: Honorable Mayor and City Council Members

FROM: René Bobadilla, P.E., City Manager

BY: Lana Dich, Director of Finance & Administrative Services

SUBJECT: AUTHORIZE BANKING SERVICES WITH FARMERS & MERCHANTS BANK
DATE: February 6, 2024
RECOMMENDATION(S):

It is recommended that the City Council:
1) Authorize the City Manager to execute Banking Services with Farmers & Merchants Bank.

FISCAL IMPACT
Farmers & Merchants Bank reduces the City’s estimated annual banking activity charges by approximately $16,000. Monthly bank fee balances not offset by earning allowances on compensating balances maintained with the Bank will be deducted from interest earned on investment account balances.

BACKGROUND
The Finance Department is responsible for maintaining all banking transactions for the City and Successor Agency. Banking Services utilized include, but are not limited to, daily deposit processing, check clearing, ACH, wire services, and account reconciliation. The City has utilized the banking services of Bank of the West, now BMO, for over twelve years. Bank fees have escalated over the years and are no longer competitive as compared to other banks, and customer service offices have become regionalized. In addition, it is recommended practice to periodically review banking services provided to the City to ensure the receipt of quality service and appropriate fee structure.

CITY COUNCIL AGENDA REPORT – MEETING OF FEBUARY 6, 2024 Authorize Banking Services with Farmers & Merchants Bank

Page 2 of 4 ends

Santa Fe Springs City CouncilFebruary 6, 2024

Santa Fe Springs City Council
February 6, 2024