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

Agenda

08.06.2024 CITY COUNCIL AGENDA.PDF
Meeting Materials

08.06.2024 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, AUGUST 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 Parks & Recreation Gus Hernandez
Director of Community Development Cuong Nguyen
Director of Police Services Dino Torres
Director of Public Works James Enriquez
August 6, 2024: City Council Meeting Page 2 of 8

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.

August 6, 2024: City Council Meeting Page 3 of 8

CALL TO ORDER

ROLL CALL

INVOCATION

PLEDGE OF ALLEGIANCE

INTRODUCTIONS

PRESENTATIONS

1. APPRECIATION AWARD FROM LITTLE LAKE CITY SCHOOL DISTRICT

PRESIDENT GINA RAMIREZ

2. MOTHERS AGAINST DRUNK DRIVING (MADD) DUI AWARD – WHITTIER

POLICE OFFICER AUSTIN CASTRO (POLICE SERVICES)

3. CALIFORNIA STATE LIBRARY PREEXCELLENCE AWARD FOR “ARTFUL PR:

JOVENES CREADORES UNLEASH TEEN TALENT AT SFS ART FEST”
(COMMUNITY SERVICES)

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 City Council.

STAFF COMMUNICATIONS ON ITEMS OF COMMUNITY INTEREST

HOUSING SUCCESSOR, SUCCESSOR AGENCY, AND CITY COUNCIL AGENDA

PUBLIC HEARING

4. ORDINANCE NO. 1143 – AMENDING SECTIONS 155.865 (APPEAL AND EFFECTIVE DATE) AND 155.866 (CITY COUNCIL TO HEAR APPEAL) WITHIN TITLE 15 (LAND USE), CHAPTER 155 (ZONING), OF THE SANTA FE SPRINGS

MUNICIPAL CODE AND DETERMINE THAT THE ACTION IS EXEMPT UNDER

CEQA (COMMUNITY DEVELOPMENT)
RECOMMENDATION: It is recommended that the City Council:

August 6, 2024: City Council Meeting Page 4 of 8
1) Open the Public Hearing and receive the written and oral staff report and any comments from the public regarding the proposed Ordinance; and 2) Find and determine that the Ordinance is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15061(b)(3); and
3) Waive further reading and introduce Ordinance No. 1143 by title, amending Sections 155.865 (Appeal and Effective Date) and 155.866 (City Council to Hear Appeal) within Title 15 (Land Use), Chapter 155 (Zoning), of the Santa Fe Springs Municipal Code; and
4) Take such additional, related, action that may be desirable.

5. ORDINANCE NO. 1145 – AMENDING SECTIONS 155.062, 155.380, 155.450, 155.456, 155.460, 155.461, 155.535, AND 155.637, AND REPLACE SECTIONS 155.385 THROUGH 155.404 (NONCONFORMING USES) WITHIN TITLE 15 (LAND USE), CHAPTER 155 (ZONING), OF THE SANTA FE SPRINGS MUNICIPAL CODE, AND TO AMEND SECTION 157.03 WITHIN TITLE 15 (LAND USE), CHAPTER 157 (WIRELESS TELECOMMUNICATIONS FACILITIES), OF THE

SANTA FE SPRINGS MUNICIPAL CODE, AND DETERMINE THAT THE ACTION

IS EXEMPT UNDER CEQA (COMMUNITY DEVELOPMENT)
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 Ordinance; and 2) Find and determine that the Ordinance is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines, Section 15061(b)(3); and
3) Waive further reading and introduce Ordinance No. 1145 by title, adopting a Zone Text Amendment to amend Sections 155.062, 155.380, 155.450, 155.456, 155.460, 155.461, 155.535, and 155.637, and replace sections 155.385 through 155.404 (Nonconforming Uses) within Title 15 (Land Use), Chapter 155 (Zoning), and to amend Section 157.03 within Title 15 (Land Use), Chapter 157 (Wireless Telecommunications Facilities), of the Santa Fe Springs Municipal Code; and 4) Take such additional, related action that may be desirable.

OLD BUSINESS – NONE
HOUSING SUCCESSOR – NONE
SUCCESSOR AGENCY – NONE
REGULAR BUSINESS – NONE
August 6, 2024: City Council Meeting Page 5 of 8

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.

CITY COUNCIL

6. SANTA FE SPRINGS CITY LIBRARY’S PARTICIPATION IN THE CORPORATION

FOR EDUCATION NETWORK INITIATIVES IN CALIFORNIA CONSORTIUM FOR FY 2025-26 THROUGH FY 2029-30 (COMMUNITY SERVICES)
RECOMMENDATION: It is recommended that the City Council:
1) Approve and authorize the Director of Community Services to execute the Letter of Agency, confirming the Santa Fe Springs City Library’s (Library) participation in the Corporation for Education Network Initiatives (CENIC) Consortium for FY 2025-2026 through FY 2029-2030; and
2) Authorize the Director of Community Services to administer the CENIC program.

7. ART IN PUBLIC PLACES FY 2024-25 ART EDUCATION GRANT PROGRAM

AWARDS (COMMUNITY SERVICES)
RECOMMENDATION: It is recommended that the City Council:
1) Authorize the FY 2024-25 award distribution of $69,992.50, as recommended by the Heritage Arts Advisory Committee (HAAC), to fund the Art Education Grant Program recipients.
2) Take such additional, related, action that may be desirable.

8. AGREEMENT WITH ATQOR FOR IT CONSULTANT, SUPPORT SERVICES AND

SOFTWARE DEVELOPMENT (FINANCE)
RECOMMENDATION: It is recommended that the City Council:
1) Incorporate this project as a Capital Improvement Program (CIP) within the current Fiscal Year (FY) 2024-25 CIP Program; and
2) Authorize the City Manager to execute an amendment to the agreement with AtQor for general Information Technology (IT) support and consultant services for FY 2024-25 through 2025-26; and
3) Award AtQor authorization to create a Water Utility Billing solution based upon the specifications of the City’s Request for Proposals (FRP) for Utility Billing Software and implementation Services; and
August 6, 2024: City Council Meeting Page 6 of 8
4) Authorize the City Manager to execute three (3), optional one (1) year amendments for FY 2026-27 through FY 2028-29 at the City Manager’s discretion.

9. APPROVE PROFESSIONAL SERVICE AGREEMENT WITH IBE DIGITAL FOR

SUPPLEMENTAL INFORMATION TECHNOLOGY SUPPORT SERVICES
(FINANCE)
RECOMMENDATION: It is recommended that the City Council:
1) Authorize the City Manager to execute a City-Wide Information Technology (IT) staff augmentation services agreement with IBE Digital on a month-to-month basis; and
2) Authorize issuing a Request for Qualification/Proposals (RFP) to identify consultant to provide IT support services.

10. APPROVE PROFESSIONAL SERVICE AGREEMENT WITH INFOSEND, INC. FOR

PRINT AND MAIL SERVICES FOR WATER UTILITY BILLING (FINANCE) RECOMMENDATION: It is recommended that the City Council:
1) Authorize the City Manager to execute a two-year Water Utility billing services agreement with InfoSend, Inc. (InfoSend) for FY 2024-25 through FY 2026-27; and
2) Authorize the City Manager to approve extension options for FY 2027-28 through FY 2028-29 of the agreement, if needed.

11. TREASURER’S REPORT OF INVESTMENTS FOR THE QUARTER ENDED JUNE 30, 2024 (FINANCE)
RECOMMENDATION: It is recommended that the City Council:
1) Receive and file the report.

12. DEPARTMENT OF FIRE-RESCUE PURCHASING CONTRACT INCREASE – SOCAL AUTO & TRUCK PARTS INC. (FIRE)
RECOMMENDATION: It is recommended that the City Council:
1) Approve a purchasing contract increase with SoCal Auto & Truck Parts Inc. for $150,000; and
2) Take such additional, related action that may be desirable.

August 6, 2024: City Council Meeting Page 7 of 8

13. SECOND READING OF ORDINANCE NO. 1142, TO AMEND CHAPTER 154 (SUBDIVISIONS) OF TITLE 15 (LAND USE) OF SANTA FE SPRINGS MUNICIPAL

CODE TO DEFINE AND ESTABLISH PROCEDURES RELATED TO LOT LINE

ADJUSTMENTS, LOT CONSOLIDATIONS, AND LOT MERGERS/UNMERGERS (COMMUNITY DEVELOPMENT)
RECOMMENDATION: It is recommended that the City Council:
1) Adopt Ordinance No. 1142:

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SANTA FE SPRINGS AMENDING CHAPTER 154 (SUBDIVISIONS) OF TITLE 15 (LAND USE) OF THE SANTA FE SPRINGS MUNICIPAL CODE TO

DEFINE AND ESTABLISH PROCEDURES RELATED TO LOT LINE

ADJUSTMENTS, LOT CONSOLIDATIONS, AND LOT

MERGERS/UNMERGERS
2) Take such additional, related, action that may be desirable.

14. POLICE SERVICES STAGING FACILITY STORM DAMAGE – EMERGENCY

REPAIRS UPDATE (PUBLIC WORKS)
RECOMMENDATION: It is recommended that the City Council:
1) Pursuant to Santa Fe Springs Municipal Code Section 34.23 and California Public Contract Code Section 22050, by a four-fifths vote authorize continuing the repairs without competitive bidding; and
2) Take such additional, related, action that may be desirable.

15. RESOLUTION NO. 9925 – AMENDING RESOLUTION NO. 9906, FULL STREET

VACATION OF KOONTZ AVENUE SOUTH OF FLORENCE AVENUE,

RESERVING EXISTING UTILITIES (PUBLIC WORKS)
RECOMMENDATION: It is recommended that the City Council:
1) Adopt Resolution No. 9925 amending Resolution No. 9906, to reserve any existing utilities from the street vacation of Koontz Avenue; and 2) Authorize the City Manager to execute the quitclaim deed to the Property Developer; and
3) Take such additional, related action that may be desirable.

August 6, 2024: City Council Meeting Page 8 of 8

16. AMENDMENT NO. 2 TO THE LANDSCAPE MAINTENANCE SERVICES AGREEMENT WITH MERCHANTS LANDSCAPE SERVICES, INC.
(PUBLIC WORKS)
RECOMMENDATION: It is recommended that the City Council:
1) Approve Amendment No. 2 to the landscape maintenance services agreement with Merchants Landscape Services, Inc. exercising the final one-year extension and increasing the annual contract amount to $978,824.35; and 2) Take such additional, related, action that may be desirable.

17. SECOND READING AND ADOPTION OF ORDINANCE NO. 1144 AMENDING CHAPTER 72 OF TITLE VII (TRAFFIC CODE) OF THE SANTA FE SPRINGS

MUNICIPAL CODE RELATING TO ELECTRIC VEHICLE CHARGING STATIONS (PUBLIC WORKS)
RECOMMENDATION: It is recommended that the City Council:
1) Adopt Ordinance No. 1144: An Ordinance of the City of Santa Fe Springs Amending Chapter 72 of Title VII (Traffic Code) of the Santa Fe Springs Municipal Code relating to electric Vehicle charging stations; 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.

CITY OF SANTA FE SPRINGS

MEETINGS OF THE HOUSING SUCCESSOR, SUCCESSOR

AGENCY, AND CITY COUNCIL
AGENDA
TUESDAY, AUGUST 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

August 6, 2024: City Council Meeting Page 3 of 8

CALL TO ORDER

ROLL CALL

INVOCATION

PLEDGE OF ALLEGIANCE

INTRODUCTIONS

PRESENTATIONS

1. APPRECIATION AWARD FROM LITTLE LAKE CITY SCHOOL DISTRICT

PRESIDENT GINA RAMIREZ

2. MOTHERS AGAINST DRUNK DRIVING (MADD) DUI AWARD – WHITTIER

POLICE OFFICER AUSTIN CASTRO (POLICE SERVICES)

3. CALIFORNIA STATE LIBRARY PREEXCELLENCE AWARD FOR “ARTFUL PR:

JOVENES CREADORES UNLEASH TEEN TALENT AT SFS ART FEST”
(COMMUNITY SERVICES)

CHANGES TO AGENDA

STAFF COMMUNICATIONS ON ITEMS OF COMMUNITY INTEREST

HOUSING SUCCESSOR, SUCCESSOR AGENCY, AND CITY COUNCIL AGENDA

PUBLIC HEARING

4. ORDINANCE NO. 1143 – AMENDING SECTIONS 155.865 (APPEAL AND EFFECTIVE DATE) AND 155.866 (CITY COUNCIL TO HEAR APPEAL) WITHIN TITLE 15 (LAND USE), CHAPTER 155 (ZONING), OF THE SANTA FE SPRINGS

MUNICIPAL CODE AND DETERMINE THAT THE ACTION IS EXEMPT UNDER

CEQA (COMMUNITY DEVELOPMENT)
RECOMMENDATION: It is recommended that the City Council:

SANTA FE SPRINGS MUNICIPAL CODE, AND DETERMINE THAT THE ACTION

OLD BUSINESS – NONE
HOUSING SUCCESSOR – NONE
SUCCESSOR AGENCY – NONE
REGULAR BUSINESS – NONE
August 6, 2024: City Council Meeting Page 5 of 8

CITY COUNCIL

6. SANTA FE SPRINGS CITY LIBRARY’S PARTICIPATION IN THE CORPORATION

7. ART IN PUBLIC PLACES FY 2024-25 ART EDUCATION GRANT PROGRAM

8. AGREEMENT WITH ATQOR FOR IT CONSULTANT, SUPPORT SERVICES AND

9. APPROVE PROFESSIONAL SERVICE AGREEMENT WITH IBE DIGITAL FOR

10. APPROVE PROFESSIONAL SERVICE AGREEMENT WITH INFOSEND, INC. FOR

11. TREASURER’S REPORT OF INVESTMENTS FOR THE QUARTER ENDED JUNE 30, 2024 (FINANCE)
RECOMMENDATION: It is recommended that the City Council:
1) Receive and file the report.

August 6, 2024: City Council Meeting Page 7 of 8

13. SECOND READING OF ORDINANCE NO. 1142, TO AMEND CHAPTER 154 (SUBDIVISIONS) OF TITLE 15 (LAND USE) OF SANTA FE SPRINGS MUNICIPAL

CODE TO DEFINE AND ESTABLISH PROCEDURES RELATED TO LOT LINE

ADJUSTMENTS, LOT CONSOLIDATIONS, AND LOT MERGERS/UNMERGERS (COMMUNITY DEVELOPMENT)
RECOMMENDATION: It is recommended that the City Council:
1) Adopt Ordinance No. 1142:

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SANTA FE SPRINGS AMENDING CHAPTER 154 (SUBDIVISIONS) OF TITLE 15 (LAND USE) OF THE SANTA FE SPRINGS MUNICIPAL CODE TO

DEFINE AND ESTABLISH PROCEDURES RELATED TO LOT LINE

ADJUSTMENTS, LOT CONSOLIDATIONS, AND LOT

MERGERS/UNMERGERS
2) Take such additional, related, action that may be desirable.

14. POLICE SERVICES STAGING FACILITY STORM DAMAGE – EMERGENCY

15. RESOLUTION NO. 9925 – AMENDING RESOLUTION NO. 9906, FULL STREET

VACATION OF KOONTZ AVENUE SOUTH OF FLORENCE AVENUE,

August 6, 2024: City Council Meeting Page 8 of 8

17. SECOND READING AND ADOPTION OF ORDINANCE NO. 1144 AMENDING CHAPTER 72 OF TITLE VII (TRAFFIC CODE) OF THE SANTA FE SPRINGS

ITEM # 4

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: Cuong Nguyen, Director of Community Development

SUBJECT: ORDINANCE NO. 1143 – AMENDING SECTIONS 155.865 (APPEAL AND EFFECTIVE DATE) AND 155.866 (CITY COUNCIL
TO HEAR APPEAL) WITHIN TITLE 15 (LAND USE), CHAPTER
155 (ZONING), OF THE SANTA FE SPRINGS MUNICIPAL CODE

AND DETERMINE THAT THE ACTION IS EXEMPT UNDER CEQA
DATE: August 6, 2024
RECOMMENDATION(S):

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 Ordinance; and 2) Find and determine that the Ordinance is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15061(b)(3); and
3) Waive further reading and introduce Ordinance No. 1143 by title, amending Sections 155.865 (Appeal and Effective Date) and 155.866 (City Council to Hear Appeal) within Title 15 (Land Use), Chapter 155 (Zoning), of the Santa Fe Springs Municipal Code; and
4) Take such additional, related, action that may be desirable.

FISCAL IMPACT
Amending the written language of the Santa Fe Springs Municipal Code will not have a fiscal impact.

CITY COUNCIL AGENDA REPORT – MEETING OF AUGUST 6, 2024
Ordinance No. 1143

Page 2 of 3 ends

PLANNING COMMISSION PUBLIC HEARING AND RECOMMENDATION
After receiving the written and oral reports, and public discussion during the Planning Commission meeting of July 15, 2024, the Commission voted 4-0, to approve and adopt Resolution No. 267-2024. This resolution recommends that the City Council approve and adopt Ordinance No. 1143 to effectuate the proposed amendments to the text of the City’s Zoning Code and determine that the Ordinance is exempt from CEQA.

BACKGROUND
Public Notification
This matter was set for Public Hearing in accordance with the requirements of Sections 65090 and 65091 of the State Planning, Zoning, and Development Laws and the requirements of Sections 155.860 through 155.864 of the City’s Municipal Code.

The legal notice was published in a newspaper of general circulation (Los Cerritos News) on July 26, 2024, as required by the State Zoning and Development Laws. As of the date of this report, staff has not received any further inquiries regarding the proposed project.

Zoning Code Amendments
Staff recommends the proposed Zone Text Amendment (Attachment A, Exhibit A) as a way to clean up the Zoning Ordinance and streamline processes. While the Zoning Code provides for the Director to approve/deny certain land use applications, the Code is silent as to the process for an applicant to appeal that decision. These amendments provide for that process.
 Amended Section 155.865 clarifies that a decision made by the Director of Community Development becomes final after 14 days of such decision unless appealed to the Planning Commission.
 Amended Section 155.866 includes the Planning Commission as a hearing body for the appeal of a decision made by the Director of Community Development.

Any decision by the Planning Commission will still be appealed to the City Council.

ANALYSIS
The proposed Ordinance is consistent with the following Santa Fe Springs General Plan Goals and Policies:

1. Policy EJ-4.1 – Civic Engagement. Support an equitable and comprehensive approach to civic engagement and public outreach on all aspects of City governance and delivery of services.

CITY COUNCIL AGENDA REPORT – MEETING OF AUGUST 6, 2024
Ordinance No. 1143

Page 3 of 3 ends

a. The appeal process increases transparency and accountability in zoning decisions. It ensures that the decision-making process is open to scrutiny, thereby building trust among stakeholders, including residents, developers, and businesses.

ENVIRONMENTAL
This Ordinance is exempt from CEQA pursuant to the common sense CEQA exemption (CEQA Guidelines Section 15061(b)(3)) which provides that CEQA applies only to projects which have the potential to have a “significant effect on the environment,” as defined in Public Resources Code Section 21068 and in CEQA Guidelines Section 15382.

The amendments to the City’s Municipal Code will not have a significant effect on the environment.

SUMMARY
Staff is recommending that the City Council approve and adopt Ordinance No. 1143 to effectuate the proposed amendments to the text of the City’s Municipal Code and determine that the Ordinance is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15061(b)(3).

ATTACHMENT(S):

A. Ordinance No. 1143
a. Exhibit A – Amendments to Chapter 155 (Zoning) of Title 15 (Land Use) of the Santa Fe Springs Municipal Code
ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:

ORDINANCE NO. 1143

AN ORDINANCE OF THE CITY OF SANTA FE SPRINGS AMENDING
SECTIONS 155.865 (APPEAL AND EFFECTIVE DATE) AND 155.866 (CITY COUNCIL TO HEAR APPEAL) WITHIN TITLE 15 (LAND USE), CHAPTER 155 (ZONING), OF THE SANTA FE SPRINGS MUNICIPAL

CODE AND DETERMINE THAT THE ACTION IS EXEMPT UNDER
CEQA.

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

SECTION 1. Environmental Findings and Determination:

These changes will not have a significant effect on the environment.

SECTION 2. Findings:

1. The Exhibits attached to this Ordinance are each incorporated by reference and made a part of this Ordinance.

2. This Ordinance continues the City’s efforts to improve the Zoning Code by including a process to appeal a decision by the Director of Community Development to the City’s Planning Commission. This amendment will allow for an appeal process, similar to the appeal from a Planning Commission decision.

3. The appeal process increases transparency and accountability in zoning decisions. It ensures that the decision-making process is open to scrutiny, thereby building trust among stakeholders, including residents, developers, and businesses.

SECTION 3. Amendments:

Chapter 155 (Zoning) of Title 15 (Land Use) of the Santa Fe Springs Municipal Code is hereby amended as provided in Exhibit “A” attached hereto and incorporated herein by reference.

SECTION 4. If any section, subsection, subdivision, paragraph, sentence, clause or phrase in this Ordinance, or any part thereof, is held invalid or unconstitutional, such decision shall not affect the validity of the remaining sections or portions of this Ordinance or of Chapter 155, or any part thereof. The City Council hereby declares that it would have adopted each section, subsection, subdivision, paragraph, sentence, clause, or phrase in this Ordinance irrespective of the fact that any one or more sections, subsections, subdivisions, paragraphs, sentences, clauses, or phrases may be declared invalid or unconstitutional.

SECTION 5. The City Clerk shall certify the passage and adoption of this ordinance and shall cause the same to be published in the same manner required by law. This ordinance shall become effective thirty (30) days from and after its passage.

PASSED and ADOPTED this 6th day of August 2024, by the following roll call vote:

AYES:

NOES:

ABSENT:
________________________________
Jay Sarno, Mayor
ATTEST:
___________________________
Fernando N. Muñoz, CMC, Deputy City Clerk
Exhibit A – Amendments to Chapter 155 (Zoning) of Title 15 (Land Use) of the Santa Fe Springs Municipal Code
Exhibit A – Zoning Code Amendment
Amendments to Chapter 155 (Zoning) of Title 15 (Land Use) of the Santa Fe Springs Municipal Code
Key:

Normal Text = Existing unmodified Code language
Strikethrough Text = Proposed language to be removed from the existing Code Underline Text = Proposed language to be added to the Code Code of Ordinances of the City of Santa Fe Springs Chapter 155, Section 155.865 (Appeal and Effective Date) is hereby amended as follows:
§ 155.865 APPEAL AND EFFECTIVE DATE.
(A) Any decision by the Director of Community Development shall be final 14 days after the Director’s decision, unless appealed to the Planning Commission as provided for in this section.
(AB) Unless otherwise specified in the resolution or motion of the Planning Commission in acting upon a request for a variance, modification, conditional use permit, approval for relocation of a building, or development plan approval, or appeal of the Director’s decision, the Commission's action shall become final 14 days after the Commission's action.
(BC) Said 14-day period shall be for the purpose of allowing for an appeal to the City Planning Commission or City Council, as appropriate, either by the applicant or any other interested party. Said appeal shall be made in writing and filed with the City Clerk. The filing of an appeal within the prescribed time limit shall have the effect of staying the effective date of the Director’s or Commission's action until such time as the Planning Commission and/or City Council has acted on the appeal.

Code of Ordinances of the City of Santa Fe Springs Chapter 155, Section 155.866 (City Planning Commission and/or City Council to Hear Appeal) is hereby amended as follows:
§ 155.866 CITY PLANNING COMMISSION AND/OR CITY COUNCIL TO HEAR APPEAL.

Each appeal shall be considered de novo (new) and the City Planning Commission and/or City Council, as the hearing body, may reverse, modify or affirm the decision in regard to the entire project in whole or in part. In taking its action on an appeal, the Commission and/or the City Council shall state the basis for its action. The Commission and/or the City Council may approve (in full or in part), conditionally approve (in full or in part), modify or deny (in full or in part) and may modify, delete or add such conditions as it deems necessary. The City Council may also refer the matter back to the Planning Commission for further action.

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: Cuong Nguyen, Director of Community Development

SUBJECT: ORDINANCE NO. 1145 – AMENDING SECTIONS 155.062, 155.380, 155.450, 155.456, 155.460, 155.461, 155.535, AND 155.637, AND REPLACE SECTIONS 155.385 THROUGH 155.404 (NONCONFORMING USES) WITHIN TITLE 15 (LAND USE), CHAPTER 155 (ZONING), OF

THE SANTA FE SPRINGS MUNICIPAL CODE, AND TO AMEND
SECTION 157.03 WITHIN TITLE 15 (LAND USE), CHAPTER 157
(WIRELESS TELECOMMUNICATIONS FACILITIES), OF THE SANTA FE

SPRINGS MUNICIPAL CODE, AND DETERMINE THAT THE ACTION IS

EXEMPT UNDER CEQA

DATE: August 6, 2024
RECOMMENDATION(S):

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 Ordinance; and 2) Find and determine that the Ordinance is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines, Section 15061(b)(3); and
3) Waive further reading and introduce Ordinance No. 1145 by title, adopting a Zone Text Amendment to amend Sections 155.062, 155.380, 155.450, 155.456, 155.460, 155.461, 155.535, and 155.637, and replace sections 155.385 through 155.404 (Nonconforming Uses) within Title 15 (Land Use), Chapter 155 (Zoning), and to amend Section 157.03 within Title 15 (Land Use), Chapter 157 (Wireless Telecommunications Facilities), of the Santa Fe Springs Municipal Code; and
4) Take such additional, related action that may be desirable.

CITY COUNCIL AGENDA REPORT – MEETING OF AUGUST 6, 2024
ORDINANCE NO. 1145 – NONCONFORMING SITUATIONS

Page 2 of 8 ends

FISCAL IMPACT
N/A

PLANNING COMMISSION PUBLIC HEARING AND RECOMMENDATION
On July 15, 2024, the Planning Commission conducted a duly noticed public hearing to review and consider the proposed Zoning Code Amendment (ZCA) regarding the City’s nonconforming provisions. Following a thorough evaluation of written and oral reports, and public discussions during the meeting, the Commissioners voted unanimously to adopt Resolution No. 264-2024. This resolution recommends that the City Council approve and adopt Ordinance No. 1145 to effectuate the proposed amendments to the text of the City’s Municipal Code, and determine that the proposed ZCA is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15061(b)(3). It is worth noting that no comments were received from the community or interested parties regarding the ZCA.

BACKGROUND
The Santa Fe Springs Zoning Code was adopted in 1964 and most of the nonconforming uses provisions from the 1964 code are still in effect today. The current code is based on termination dates whereby nonconformities may remain until a certain time period has passed, at which point the nonconformity must be removed. Termination dates vary from as short as 90 days to as long as 20 years after the use or structure became nonconforming.

The City Council adopted the 2040 General Plan on February 8, 2022. The 2040 General Plan created new land use designations and changed the land use designations of several properties. For example, the land use map included new mixed-use designations and changed the land use designation for several industrial properties from Heavy Manufacturing to Light Manufacturing or Business Park.

Prior to adopting the 2040 General Plan, members of the business community expressed concern that their properties would become nonconforming. To assuage concerns, the following statement and policies were added to the Land Use Element of the 2040 General Plan:
 Page LU-9: Nonconforming Uses. Existing legally established land uses or structures that are made nonconforming by this General Plan or related zoning amendments may continue operating until a site is redeveloped; however, any material expansion in square footage of a nonconforming building or use shall require a conditional use permit. Repairs and maintenance may be made to keep nonconforming buildings or structures in a safe condition.

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 Policy LU-1.9: Nonconforming Uses. Review zoning code regulations regarding nonconforming uses for consistency with this General Plan, with the purpose of providing flexibility for legally established uses and structures, and recognizing property investments, consistent with overall land use compatibility and economic development goals.
 Policy LU-5.4: Freeway Commercial Nonconforming Uses. Review zoning code regulations regarding legally established uses and structures within the Freeway Commercial overlay zone for consistency with this General Plan, with the purpose of providing flexibility consistent with overall land use compatibility and economic development goals.

These General Plan policies necessitated a complete revision of the City’s nonconforming uses provisions in the Zoning Code to move away from termination periods and to instead focus on bringing sites into conformance upon site redevelopment.

On August 15, 2023, a targeted Zoning Code update was adopted to ensure consistency between the newly updated General Plan and the Zoning Code. In addition to numerous text amendments, the targeted Zoning Code update included a new Zoning Map that rezoned several properties to match their General Plan land use designation. Many uses and structures became nonconforming with the adoption of the new Zoning Map. Staff had concurrently drafted a comprehensive revision of the Nonconforming Uses section of the Zoning Code with the expectation that it would be adopted with the overall targeted Zoning Code update. However, extensive feedback was received during the review of both the initial and subsequent drafts of the nonconforming situations ordinance.

Consequently, it was decided to separate the nonconforming situations update from the broader targeted Zoning Code update project to allow sufficient time for further discussion and collaboration with stakeholders.

PUBLIC ENGAGEMENT EFFORTS
Staff worked diligently with the stakeholders for nearly two years to completely rewrite the City’s approach to nonconforming situations. As outlined below, the engagement process included Zoning Advisory Group meetings, study sessions, community meetings, and ten revisions to the nonconforming situations draft.

Zoning Advisory Group
A Zoning Advisory Group (ZAG) was formed to support the targeted Zoning Code update project and was comprised of individuals representing various community interests, including residents, property owners, business owners, and other stakeholders. Three of the four ZAG meetings held on June 29, 2022, July 27, 2022, and February 1, 2023, included discussions on nonconforming provisions, including a walkthrough of the key changes made to the nonconforming situations.

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Study Sessions - City Council and Planning Commission
Two joint study sessions were held with the City Council and Planning Commission and one study session with the Planning Commission.

The first joint study session took place on August 2, 2022, and had the primary objective of providing a comprehensive overview of the targeted Zoning Code update project to the City Council and Planning Commission. In addition to reviewing preliminary draft land uses and development standards for the new mixed-used zone districts, attendees were provided with a general framework of the nonconforming situations section.

The second joint study session, held on February 21, 2023, provided an update on the targeted Zoning Code update project to the City Council and Planning Commission. This update included the revised drafts for the mixed-use zones and the nonconforming situations sections. Additionally, the session introduced preliminary draft land uses and development standards for the multiple-family zone districts (R-3 and R-4). While staff acknowledged receiving comments from the business community and a Zoning Advisory Group (ZAG) member, there was no discussion regarding the nonconforming situations section during this second study session.

The third study session was held October 9, 2023, with the Planning Commission and provided a deep dive into the nonconforming situation section. Commissioners were provided a comprehensive overview of the fourth draft nonconforming provisions section, a summary of all public comments, and the City’s response to each public comment.

Community Meeting - Affected Property Owners
On August 24, 2022, the City invited all property owners affected by the proposed zoning code changes to attend a public meeting. The main objective of the meeting was to enhance their understanding of the City’s Zoning Code, with a specific emphasis on the proposed mixed-used standards and nonconforming situations. Attendees had the opportunity to delve into the specifics of the proposed changes and actively engage by asking questions and seeking clarification.

Meetings with the Business Community
On September 15, 2022, the City held a Zoom meeting with the Business Working Group (BWG), comprised of members from the Santa Fe Springs Chamber of Commerce, industrial business owners, property owners, brokers, and more, to engage in a comprehensive discussion concerning the proposed modifications to the Zoning Code.

The focal point of the discussion revolved around the initial draft sections addressing nonconforming situations, which had garnered notable interest from the BWG.

Nonconforming Situations Drafts
The first draft of the updated nonconforming situations code section was posted to the Reimagine Santa Fe Springs website and shared with the Zoning Advisory Group on July 26, 2022. After receiving considerable interest from the business community, the first draft CITY COUNCIL AGENDA REPORT – MEETING OF AUGUST 6, 2024
ORDINANCE NO. 1145 – NONCONFORMING SITUATIONS

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was also shared with the BWG on August 30, 2022. The BWG provided staff with their collective first draft comments on September 14, 2022.

After thorough review and consideration, many of the BWG’s comments were accepted and incorporated into the second draft, which was shared with the BWG on December 15, 2022, and later posted to the Reimagine Santa Fe Springs website. The second draft was also presented to the Zoning Advisory Group on February 1, 2023. The BWG provided staff with their collective second draft comments on February 13, 2023.

The third draft of the nonconforming situations code was distributed to the BWG and posted on the Reimagine Santa Fe Springs website on August 15, 2023. It was also sent to additional business owners who participated in public hearings for the adoption of the targeted Zoning Code update. The BWG submitted comments on August 18, 23, 28, 30, and 31 and September 21, 2023.

Staff revised the nonconforming situations code section based on third draft comments and presented a fourth draft during a Planning Commission study session on October 9, 2023. One business community stakeholder submitted fourth draft comments prior to the study session and additional comments were received on October 23, 2023. Staff discussed the comments with the stakeholders on October 10 and 24, 2023.

A fifth draft and a response to the comments table was sent to the BWG on January 11, 2024. On January 16, 2024, the City held a Zoom meeting with the BWG to discuss the fifth draft of nonconforming situations. Staff reviewed the group’s comments on the fourth draft document and explained which comments were accepted into the fifth draft and which comments resulted in further revisions. The meeting concluded with City staff agreeing to revise the draft further and schedule a longer follow-up meeting with the group to discuss all revisions in detail.

A sixth draft was sent to the BWG on February 6, 2024, and they provided written comments back to staff on February 21, 2024. Staff met with the BWG on February 22, 2024, via Zoom to discuss the sixth draft of nonconforming situations. Staff did a screen share of the draft and reviewed each of the group’s comments one-by-one and made live edits to the document. At the conclusion of the meeting, it was determined that all major issues had been resolved and future revisions to the draft could be made via email.

Staff then met with the BWG on February 22, 2024, to review their comments on the sixth draft and make live edits together as a group.

A seventh draft was sent to the BWG on February 27, 2024, and the group provided written comments back to staff on March 20, 2024.

The eighth draft was sent to the BWG on April 3, 2024, and the group provided written comments back to staff on April 8, 16, and 22, 2024.

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A ninth draft was sent to the BWG on May 20, 2024, and the group sent comments back on May 20 and 23, 2024.

A tenth draft was sent to the BWG on June 3, 2024. This tenth draft incorporated the comments received from the BWG. Staff re-sent the draft on June 17, 2024, and followedup again for comments on July 1, 2024. Receiving no comments from the BWG, staff proceeded with scheduling the Planning Commission hearing.

Zoning Code Amendments
Staff recommends the proposed Zoning Code Amendment (Attachment B) completely replace the City’s current nonconforming uses code Sections 155.385 through 155.404.

Key points include:
 Removal of termination periods.
 A nonconforming situation may be maintained, repaired, improved, altered, remodeled, continued, or expanded, provided any such work satisfies all current requirements of the Zoning Ordinance.
 Expansions of a nonconforming situation that increases its nonconformity with the applicable standards of the Zoning Ordinance may be allowed if:
o Cumulative expansions up to 15% of the total floor area do not need a Conditional Use Permit
o Cumulative expansions that exceed 15% of the total floor area require a Conditional Use Permit
 When a nonconforming development is damaged or partially destroyed, it may be rebuilt in-kind within the footprint of the damaged or destroyed improvement and any existing nonconforming use of the development may continue, provided the cost of repair or reconstruction does not exceed 75% of the appraised value or replacement value of the building or structure, whichever is higher o Any reconstruction, restoration, or rebuilding must conform to all applicable Building and Fire Code requirements
o An application for a building permit must be submitted within eighteen (18) months after the date of the damage or destruction
o The replacement improvements shall not increase the degree of nonconformity beyond that of the previously existing improvements  A nonconforming use that is discontinued for a period of more than eighteen (18) consecutive months, or twenty-four (24) consecutive months for retail uses, shall be deemed abandoned and shall no longer be allowed as a legal nonconforming use.
o Parties have the right to appeal a discontinuation decision to the Planning Commission; the decision of the Planning Commission may be appealed to the City Council
 A nonconforming use can change to a different nonconforming use if the new use is within the same use category as the existing nonconforming use.

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ANALYSIS
The proposed Zoning Code Amendment is consistent with the following Santa Fe Springs General Plan Goals and Policies:
 Policy LU-1.9: Nonconforming Uses. Review zoning code regulations regarding nonconforming uses for consistency with this General Plan, with the purpose of providing flexibility for legally established uses and structures, and recognizing property investments, consistent with overall land use compatibility and economic development goals.
 Policy LU-5.4: Freeway Commercial Nonconforming Uses. Review zoning code regulations regarding legally established uses and structures within the Freeway Commercial overlay zone for consistency with this General Plan, with the purpose of providing flexibility consistent with overall land use compatibility and economic development goals.

The proposed Zoning Code Amendment completely rewrites the nonconforming provisions of the Zoning Code to allow greater flexibility for legally established uses and structures to continue operating. The proposed Zoning Code Amendment satisfies the General Plan Goals and Policies by allowing legally established uses and structures to remain until a property is redeveloped.

ENVIRONMENTAL
The Zoning Code Amendment is exempt from CEQA pursuant to the common sense CEQA exemption (CEQA Guidelines Section 15061(b)(3)) which provides that CEQA applies only to projects which have the potential to have a “significant effect on the environment,” as defined in Public Resources Code Section 21068 and in CEQA Guidelines Section 15382. The amendments to the zoning code will not have a significant effect on the environment.

Public Notification
This matter was set for Public Hearing in accordance with the requirements of Sections 65090 and 65091 of the State Planning, Zoning, and Development Laws and the requirements of Sections 155.860 through 155.864 of the City’s Municipal Code.

The legal notice was posted at Santa Fe Springs City Hall, the City’s Town Center Kiosk, and the Santa Fe Springs Library on July 26, 2024, and published in a newspaper of general circulation (Los Cerritos Community Newspaper) on July 26, 2024, as required by the State Zoning and Development Laws. As of the date of this report, staff has not received any further inquiry regarding the proposed amendment.

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ATTACHMENT
A. Ordinance No. 1145
a. Exhibit A: Amendments to Chapter 155 (Zoning) and Chapter 157 (Wireless Telecommunications Facilities) of Title 15 (Land Use) of the Code of Santa Fe Springs
ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:

ORDINANCE NO. 1145

AN ORDINANCE OF THE CITY OF SANTA FE SPRINGS AMENDING
SECTIONS 155.062, 155.380, 155.450, 155.456, 155.460, 155.461, 155.535, AND 155.637, AND REPLACING SECTIONS 155.385
THROUGH 155.404 (NONCONFORMING USES) WITHIN TITLE 15
(LAND USE), CHAPTER 155 (ZONING), AND AMENDING SECTION
157.03 WITHIN TITLE 15 (LAND USE), CHAPTER 157 (WIRELESS

TELECOMMUNICATIONS FACILITIES), OF THE SANTA FE SPRINGS

MUNICIPAL CODE AND A DETERMINATION THAT THE ACTION IS
EXEMPT UNDER CEQA.

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

SECTION 1. Environmental Findings and Determination:

This Ordinance is exempt from CEQA because it falls within the common sense exemption, pursuant to CEQA Guidelines Section 15061(b)(3), which indicates that CEQA only applies to projects that have a “significant effect on the environment” as defined in Public Resources Code Section 21068 and CEQA Guidelines Section 15382 as a substantial, or potentially substantial, adverse change in any of the physical conditions within the area affected by the project. The amendments to the municipal code will not have a significant effect on the environment.

SECTION 2. Findings:

1. On July 15, 2024, the Planning Commission of the City of Santa Fe Springs adopted Resolution 264-2024 recommending that the City Council adopt proposed Ordinance No. 1145 to amend Sections 155.062, 155.380, 155.450, 155.456, 155.460, 155.461, 155.535, and 155.637, and replace sections 155.385 through 155.404 (Nonconforming Uses) within Title 15 (Land Use), Chapter 155 (Zoning), and to amend Section 157.03 within Title 15 (Land Use), Chapter 157 (Wireless Telecommunications Facilities), of the Santa Fe Springs Municipal Code.

2. On August 6, 2024, the City Council of the City of Santa Fe Springs considered this Ordinance, the staff report, and all testimony, written and spoken, at a duly noticed public hearing.

3. The Exhibits attached to this Ordinance are each incorporated by reference and made a part of this Ordinance.

4. This Ordinance is consistent with the following Santa Fe Springs General Plan Goals and Policies:
a. Policy LU-1.9: Nonconforming Uses. Review zoning code regulations regarding nonconforming uses for consistency with this General Plan, with the purpose of providing flexibility for legally established uses and structures, and recognizing property investments, consistent with overall land use compatibility and economic development goals.
b. Policy LU-5.4: Freeway Commercial Nonconforming Uses. Review zoning code regulations regarding legally established uses and structures within the Freeway Commercial overlay zone for consistency with this General Plan, with the purpose of providing flexibility consistent with overall land use compatibility and economic development goals.

5. This Ordinance meets the requirements as contained in Planning and Zoning Law (Government Code sections 65800-65912).

6. This Ordinance has been prepared and will be adopted in accordance with the requirements of Planning and Zoning Law (Government Code sections 65853- 65860).

SECTION 3. Amendments:

Chapter 155 (Zoning) and Chapter 157 (Wireless Telecommunication Facilities) of Title 15 (Land Use) of the Code of Santa Fe Springs is hereby amended as provided in Exhibit “A” attached hereto and incorporated herein by reference.

SECTION 4. If any section, subsection, subdivision, paragraph, sentence, clause or phrase in this Ordinance, or any part thereof, is held invalid or unconstitutional, such decision shall not affect the validity of the remaining sections or portions of this Ordinance or of Chapter 155, or any part thereof. The City Council hereby declares that it would have adopted each section, subsection, subdivision, paragraph, sentence, clause or phrase in this Ordinance irrespective of the fact that any one or more sections, subsections, subdivisions, paragraphs, sentences, clauses or phrases may be declared invalid or unconstitutional.

SECTION 5. The City Clerk shall certify to the adoption of this Ordinance and shall cause the same to be posted in at least three (3) public places in the City, such posting to be completed not later than fifteen (15) days after passage thereof.

PASSED and ADOPTED this 6th day of August 2024, by the following roll call vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
________________________________
Jay Sarno, Mayor
ATTEST:
___________________________
Fernando N. Muñoz, CMC, Deputy City Clerk
Exhibit A – Amendments to Chapter 155 (Zoning) and Chapter 157 (Wireless Telecommunications Facilities) of Title 15 (Land Use) of the Code of Santa Fe Springs Exhibit A – Zoning Code Amendment
Amendments to Chapter 155 (Zoning) and Chapter 157 (Wireless Telecommunications Facilities) of Title 15 (Land Use) of the Code of Santa Fe Springs
Key:

Normal Text = Existing unmodified Code language
Strikethrough Text = Language to be removed from existing Code Underline Text = Language to be added to Code
Code of Ordinances of the City of Santa Fe Springs Chapter 155, Section 155.062 ACCESSORY USES is hereby amended as follows:
§ 155.062 ACCESSORY USES.

The following accessory uses are permitted in the R-1 Zone:
(L) Notwithstanding the provisions of § 155.398 of this code, w When two separate houses exist on a single lot zoned R-1 (Single-Family Residential), both houses may remain provided the following two requirements are met:

Code of Ordinances of the City of Santa Fe Springs Chapter 155, Section 155.380 PROPERTY DEVELOPMENT STANDARDS is hereby amended as follows:
§ 155.380 PROPERTY DEVELOPMENT STANDARDS.

These property development standards are to be applied in addition to those identified in the underlying zone district. In the event that the Freeway Overlay Zone is silent on a particular issue or topic, the direction provided in the underlying zone district shall prevail.
(L) Non-conforming properties. Properties that do not conform to the development standards set forth in the Freeway Overlay Zone or the underlying zone district are considered non-conforming properties (subject to the amortization schedule as set forth in §155.398385 through §155.397), unless the Planning Commission approves reduced development standards as set forth in this chapter.

Code of Ordinances of the City of Santa Fe Springs Chapter 155, Section 155.450 REQUIRED PARKING OR LOADING AREA REDUCED BY PUBLIC USE is hereby amended as follows:
§ 155.450 REQUIRED PARKING OR LOADING AREA REDUCED BY PUBLIC USE.

If a lot or parcel of land has not less than the required off-street parking or loading area and after creation of such lot or parcel of land, a part thereof is acquired for a public use exclusively, in any manner including dedication, condemnation or purchase, and if as a result of such acquisition the remainder of such lot or parcel has less than the minimum off-street parking or loading area required by this chapter, the structure and/or use located on such remainder shall be considered to be nonconforming, subject to all of the provisions of the "Nonconforming Uses Situations" subchapter of this chapter, as set forth in § 155.385 et seq.

Code of Ordinances of the City of Santa Fe Springs Chapter 155, Section 155.456 REQUIRED YARD REDUCED BY PUBLIC USE is hereby amended as follows:
§ 155.456 REQUIRED YARD REDUCED BY PUBLIC USE.

If a lot or parcel of land has not less than the required front, side or rear yard, and after creation of such lot or parcel of land a part thereof is acquired for a public use exclusively, in any manner including dedication, condemnation or purchase, and if as a result of such acquisition the remainder of such lot or parcel has less than the minimum required front, side or rear yard, the structure and/or use located on such remainder shall be considered to be nonconforming, subject to all of the provisions of the "Nonconforming Uses Situations " subchapter of this title, as set forth in § 155.385 et seq.

Code of Ordinances of the City of Santa Fe Springs Chapter 155, Section 155.460 FENCES AND WALLS is hereby amended as follows:
§ 155.460 FENCES AND WALLS.
(D) Any use of property which on the effective date of this chapter, or of any subsequent amendments thereto, is nonconforming only as to the regulations relating to fences or walls may be continued, enlarged or changed in the same manner as if such nonconforming fence or wall did not exist. A nonconforming fence or wall may not be added to, enlarged or extended unless such wall is made to conform to the height regulations and all other provisions of this chapter. Nonconforming fences and walls shall be subject to the provisions regarding the termination of nonconforming uses set forth in this chapter.

Code of Ordinances of the City of Santa Fe Springs Chapter 155, Section 155.461 METAL BUILDINGS is hereby amended as follows:
§ 155.461 METAL BUILDINGS.
(B) Sheet-metal buildings which on the effective date of this chapter, or of any subsequent amendments thereto, are nonconforming only in regard to sheet-metal siding or Quonset-type construction may be altered, added to or enlarged; provided, that any alterations, additions or enlargements shall conform to all of the provisions and regulations of this chapter. Structures with nonconforming sheet-metal siding or Quonset-type exteriors shall be subject to the termination of nonconforming use provisions of this chapter.

Code of Ordinances of the City of Santa Fe Springs Chapter 155, Section 155.535 NONCONFORMING SIGNS is hereby amended as follows:
§ 155.535 NONCONFORMING SIGNS.

A sign permit shall be required in order to maintain a nonconforming sign. Where property, which on the effective date of this chapter or of any subsequent amendment thereto, is nonconforming only as to the regulations relating to signs, the use of said property may be continued in the same manner as if the signs were conforming; provided, valid sign permits have been obtained. However, nonconforming signs may not be enlarged or reconstructed and are subject to the termination provisions of nonconforming uses as set forth in this chapter.

Code of Ordinances of the City of Santa Fe Springs Chapter 155, Section 155.637 MINI-WAREHOUSES is hereby amended as follows:
§ 155.637 MINI-WAREHOUSES.
(D) Notwithstanding the foregoing, any mini warehouse facility which existed in compliance with the existing code as of October 28, 2017 the effective date of Ord. 1089 shall be deemed legally nonconforming and subject to the requirements set forth in §§ 155.385 through 155.3978.

Code of Ordinances of the City of Santa Fe Springs Chapter 157, Section 157.03 APPLICABILITY is hereby amended as follows:
§ 157.03 APPLICABILITY.
(2) All facilities for which applications were approved by the city prior to September 28, 2017 shall not be required to obtain a new or amended permit until such time as a provision of this code so requires. Any wireless telecommunications facility that was lawfully constructed prior to September 28, 2017 that does not comply with the standards, regulations, and/or requirements of this division shall be deemed a nonconforming use and shall also be subject to the provisions of §§ 155.385 through 155.3978.

Code of Ordinances of the City of Santa Fe Springs Chapter 155, Sections 155.385 through 155.404 NONCONFORMING USES is hereby deleted in its entirety and replaced with:
§ 155.385 PURPOSE OF CHAPTER.

This chapter establishes uniform provisions for the regulation of nonconforming land uses, development (including structures and improvements), and lots that were lawfully established but do not comply with the current requirements of this chapter (“nonconforming situations”). The overall intent of this chapter is to protect public health, safety, and general welfare while allowing reasonable use of private property by:
(A) Limiting the number and extent of specific nonconforming uses and development that conflict with the provisions of this chapter by prohibiting their reestablishment after abandonment;
(B) Limiting the extent to which nonconforming uses and development that are involuntarily damaged or destroyed can be restored;
(C) Allowing for the continuation and maintenance of nonconforming uses and development until they are redeveloped;
(D) Establishing procedures and criteria for evaluating the allowable enlargement of specific nonconforming uses and development; and
(E) Limiting the alteration, enlargement, or relocation of nonconforming uses and development in a manner that would further increase the difference between existing nonconforming conditions and the current provisions of this Zoning Ordinance.
(F) Complying with the nonconforming use provision of the General Plan. § 155.386 NONCONFORMING SITUATIONS, APPLICABLE PROVISIONS. (A) So long as a nonconforming situation exists upon a site, such situation may continue without any time limitation on its continued presence, provided that such nonconforming situation complies with all applicable provisions of this chapter. (B) No new use or structure may be constructed, established, or installed on a site with a nonconforming situation except as allowed by this chapter. (C) In addition to the general requirements in §§ 155.387 through 155.390, properties with nonconforming situations are subject to the standards and procedures for each type of nonconforming situation that is applicable to that property. (1) Nonconforming lots are subject to § 155.391.
(2) Nonconforming developments (except nonconforming signs) are subject to § 155.392 and § 155.395.
(3) Nonconforming uses are subject to §§ 155.393 through 155.396. (4) Nonconforming signs are subject to § 155.397.
§ 155.387 EXCEPTIONS TO THIS CHAPTER.
(A) Public Utilities. The Director of Planning or designee, by written findings, may determine that a particular public utility facility or installation, nonconforming to the requirements of this chapter, is necessary to serve the areas in which it is located.

Said public utility facility may then be expanded or altered, provided:
(1) The facility does not extend beyond the boundaries of the existing site or of the site approved by the city for such use; and
(2) The addition, extension, or alteration complies with all other performance standards provisions of §§ 155.415 through 155.433.
(B) Uses Requiring Conditional Use Permits. Notwithstanding the other provisions of this chapter, no use identified in this Zoning Ordinance as a "conditional use" that was lawfully in existence as of the effective date of these regulations shall be deemed nonconforming solely by reason of the application of the Conditional Use Permit procedural requirements, in compliance with §§ 155.710 through 155.724; provided that:
(1) Use allowed with Conditional Use Permit approval. A land use that was legally established without a Conditional Use Permit, but which would be required under the current Zoning Ordinance provisions to have Conditional Use Permit approval, shall only be altered or enlarged in conformance with this chapter. (2) Use no longer allowed with Conditional Use Permit approval. A land use that was established with Conditional Use Permit approval, but which is no longer allowed with Conditional Use Permit approval by current Zoning Ordinance regulations, may continue in compliance with the original Conditional Use Permit. Such use may be expanded or altered only in conformance with this chapter.
§ 155.388 NONCONFORMING SITUATIONS, DEFINED.
(A) Uses or developments that were not lawfully established do not have a legal right to continue as nonconforming situations as defined by this chapter and must be removed immediately.
(B) Nonconforming situations shall have the following meanings:
(1) A nonconforming lot means a lot that was lawfully established but does not meet the requirements of the zone in which it is located. (2) A nonconforming development means a structure, building, or site improvement, such as an off-street parking facility, that was lawfully established in compliance with the applicable zoning regulations in effect at the time of construction but which no longer complies with the applicable development standards of the zone in which it is located, such as setbacks, buffers or yards, area, bulk, height, density, or parking. A structure, building, or site improvement shall be considered legally conforming, and not subject to this chapter, if the nonconformance was previously approved through a Variance, Modification, Conditional Use Permit or Development Plan Approval procedure, or is subsequently approved through a Conditional Use Permit procedure as per § 155.395.
(3) A nonconforming use means a use of land or a structure that was lawfully established in compliance with the applicable zoning regulations in effect at the time it was established but which no longer complies with the applicable regulations of the zone in which it is located. A use shall be considered legally conforming, and not subject to this chapter, if the nonconformance is subsequently approved through a Conditional Use Permit procedure as per § 155.395.
(C) When submitting a development application to expand a nonconforming situation or otherwise establish that a lot, use, or development is a legal nonconforming situation, the property owner or applicant must document that a nonconforming situation was legally established on its present site. The city, at the request of the property owner or applicant, will provide the property owner or applicant with all records to the extent they are in the city’s possession. Evidence that the situation was legally established shall depend upon the type of nonconforming situation, as follows.
(1) For nonconforming lots, the property owner or applicant must document when the lot was lawfully created in accordance with § 155.391. (2) For nonconforming development or nonconforming uses, the property owner or applicant must provide building, land use, or development permits. For development or uses that did not require a permit when lawfully established, the property owner or applicant must provide other evidence that clearly shows the date the development or use was established such as dated aerial photographs.
(3) In addition, for nonconforming uses, the property owner or applicant must document that the use has not been discontinued for a period of more than eighteen (18) months, except that retail uses shall not have been discontinued for a period of more than twenty-four (24) consecutive months consistent with § 155.394.
§ 155.389 INTENTIONAL DEMOLITION OR DESTRUCTION.

Any nonconforming use or development dependent upon a building or structure that has been declared a “public nuisance” and ordered demolished pursuant to Santa Fe Springs Municipal Code § 95.07 will lose its nonconforming status upon that notice unless the nuisance is abated in accordance with that section. Nonconforming uses or nonconforming developments that have been intentionally destroyed by the owner shall lose their legal nonconforming status.
§ 155.390 PROVISIONS APPLICABLE TO ALL NONCONFORMING SITUATIONS.

The following provisions shall apply to all nonconforming uses, structures, and lots existing as of the effective date of this chapter:
(A) The nonconforming status of a lot, development, or use shall not be affected by changes in ownership or tenancy; and
(B) Except as specified herein, a nonconforming situation must maintain compliance with any and all conditions of approval previously established through prior land use reviews.
§ 155.391 NONCONFORMING LOTS.
(A) Determination of nonconforming status. A nonconforming lot of record that does not comply with the current access, area, or dimensional requirements for the zoning district in which it is located shall be considered to be a legal building site if it meets one of the criteria specified by this section. The applicant shall be responsible for providing sufficient evidence to establish the applicability of one or more of the following to the satisfaction of the city.
(1) Approved subdivision. The lot was created through a subdivision approved by the city or the county, before incorporation.
(2) Variance, modification permit, or lot line adjustment. The lot was approved through the variance procedure (§§ 155.670 through 155.682), the modification procedure (§§ 155.690 through 155.702), or its current configuration resulted from a lot line adjustment.
(3) Partial government acquisition. The lot was created in conformity with the provisions of the Zoning Ordinance but was made nonconforming when a portion of the lot was acquired by a governmental entity. (4) Individual lot otherwise legally created. The lot was legally created before the effective date of the chapter that made the lot nonconforming. (B) Further subdivision prohibited. Where structures have been erected on a nonconforming lot, the lot may not be later subdivided, nor can lot lines be altered through a lot line adjustment.
§ 155.392 NONCONFORMING DEVELOPMENT.
(A) Nonconforming Development, Generally. A nonconforming development may be maintained, repaired, improved, altered, remodeled and continued, and is not subject to the requirements in § 155.395, provided any such maintenance, repair, improvement, alteration or remodeling work does not increase its nonconformity with the applicable standards of the Zoning Ordinance. A nonconforming development that houses one or more nonconforming uses shall also be subject to the provisions of this chapter applicable to nonconforming uses. (B) Expansions of a Nonconforming Development.
(1) Except as specified in §§ 155.392(B)(2) through (B)(6), a nonconforming development or portion thereof may be expanded, and is not subject to the requirements of § 155.395, if the proposed expansion:
(a) Satisfies all of the applicable current requirements of the Zoning Ordinance; and
(b) Does not increase its nonconformity with the applicable standards of the Zoning Ordinance, except as allowed by § 155.395.
(2) Developments that are nonconforming only in regard to required distances between buildings may be expanded in accordance with the following:
(a) Provided that any expansions must not encroach into the required distances between buildings to a greater extent than the existing structure;
(b) The encroachment of said expansions must not exceed one-half of the width of the required distances between buildings; and
(c) Complies with all applicable requirements of the California Fire Code and Building Code.
(3) Structures that are nonconforming only in regard to height may be expanded, provided that any expansions must conform to the height regulations and to all other provisions of the Zoning Ordinance.
(4) For developments that are nonconforming as to the regulations relating to offstreet parking and loading facilities, such uses may be continued in the same manner as if the parking and loading facilities were conforming, except as needed to comply with Americans with Disabilities Act (ADA) and any applicable state or local disability access statute. However, such parking and loading facilities as do exist may not be further reduced with respect to number provided, dimensions, and any other relevant requirement. No increase in the intensity of use of any building, structure, or premises through the addition of dwelling units, floor area, seating capacity, or other units of measurement specified in the Zoning Ordinance shall be permitted except in accordance with the following requirements:
(a) Suitable substitutions are made that would meet the requirements of the Zoning Ordinance.
(b) For residential dwellings with one parking space in a garage or carport, the intensity of use may be increased up to 60% in floor area without requiring a second parking space in a garage or carport. (5) Sheet-metal buildings that are nonconforming only in regard to sheet-metal siding or Quonset-type construction may be altered, added to, or enlarged, provided that any alterations, additions, or enlargements must conform to all of the provisions and regulations of the Zoning Ordinance. (6) A nonconforming development may be altered or enlarged so as to further decrease the difference between existing conditions and the current applicable development standards in this chapter.
(C) Damage or Partial Destruction of a Nonconforming Development. When a nonconforming development is damaged or partially destroyed by fire or other causes not caused by the intentional misconduct of a property owner or person acting on the owner’s behalf, it may be rebuilt in-kind within the footprint of the damaged or destroyed improvement and any existing nonconforming use of the development may continue, provided:
(1) The cost of repair or reconstruction does not exceed 75% of the appraised value or replacement value of the building or structure, whichever is higher.

The determination of the appraised value shall be made by a professional appraiser approved by the city, whose fee shall be paid by the building owner.

If the cost of repair or reconstruction exceeds 75% of the appraised value or replacement value, whichever is higher, the development may not be rebuilt, except in full conformance with the current provisions of the Zoning Ordinance.
(2) Replacement Value Calculation. The extent of damage or partial destruction shall be determined by comparing the estimated cost of restoring the structure to its condition before the damage or partial destruction based on current Building and Fire Code requirements to the estimated cost of duplicating the entire structure, also based on current Building and Fire Code standards, as it existed before the damage or destruction occurred. Estimates for this purpose shall be reviewed and approved by the Building Official. (3) Any reconstruction, restoration, or rebuilding undertaken pursuant to this section shall conform to all applicable Building and Fire Code requirements, provided that an application for a building permit is submitted within eighteen (18) months after the date of the damage or destruction, and the construction is diligently pursued to completion. This time period shall be extended if the property owner can provide evidence, to the satisfaction of the Building Official, that delays due to insurance or other circumstances beyond the control of the property owner, as verified by the Building Official, prevent meeting the 18-month time frame.
(4) The replacement improvements shall not increase the degree of nonconformity beyond that of the previously existing improvements, as determined by the Building Official.
(D) Roadway Access. The owner of a nonconforming driveway approach or access to a public street or highway, upon receiving land use or development plan approval, may be required as a condition of approval to bring the nonconforming access into conformance with city standards.
§ 155.393 NONCONFORMING USES
(A) Except as specified in § 155.393(B), a nonconforming use may be maintained, repaired, improved, altered, internally remodeled and continued, provided there is no material expansion of the floor area occupied by or devoted to the nonconforming use, except as allowed by this chapter.
(B) Whenever any of the following facts are found to exist with reference to a nonconforming use, the nonconforming protection/benefits provided by this chapter shall cease except as otherwise allowed by this chapter:
(1) The license or permit that is required to operate the nonconforming use has been revoked or terminated; or
(2) There has been a violation of the provisions of this chapter regarding change of use, alteration, or expansion of the nonconforming use. (C) A nonconforming use may be changed to a conforming use, provided that any part of a structure or land occupied by a nonconforming use that is changed to or replaced by a conforming use shall not again be used or occupied by a nonconforming use.
(D) The area, space, or volume occupied by or devoted to a nonconforming use may be increased pursuant to § 155.395.
§ 155.394 DISCONTINUATION OF NONCONFORMING USE.
(A) Discontinuation. Except as provided in §§ 155.394(C) through (E) a nonconforming use that is discontinued for a period of more than eighteen (18) consecutive months, or twenty-four (24) consecutive months for retail uses, shall be deemed abandoned and shall no longer be allowed as a legal nonconforming use. For purposes of calculating the discontinuation time period, a use is discontinued on a site when any one of the following conditions occur:
(1) The use no longer physically occupies the site;
(2) The use ceases operation. For example, the site is no longer actively in use for the sale of merchandise, the manufacture or warehousing of products, or the provision of services, as evidenced by the removal of signs, goods, stock, or office equipment, or the disconnection of telephone or utility service or similar indications;
(3) A request for final reading of water and power meters is made to the applicable utility or the utility bill account indicates inactivity for the site; (4) The use ceases operation as a result of damage or destruction by fire or other causes and an application for a building permit for the reconstruction or repair has not been submitted within 18 months after the date of destruction, subject to the extensions under § 155.392(C)(3); and/or
(5) An event occurs similar to those listed in § 155.394(A)(1) – (4), above, as determined by the Director of Planning or designee.
(B) Application of Criteria and Standards to Nonconforming Use. Once the Director of Planning or designee deems a nonconforming use abandoned pursuant to § 155.394(A) and issues such determination in writing, any subsequent use of the subject lot must conform to the current standards and criteria of the Zoning Ordinance applicable to the use. After the city has deemed a nonconforming use abandoned, the use shall not be allowed to resume, in whole or in part, under the same or different ownership or management; any such activity is a violation of this chapter and subject to enforcement proceedings.
(C) Adult Businesses. Nonconforming adult businesses are subject to the provisions in § 155.603.
(D) Oil and gas wells. Idle wells as defined by the California Geologic Energy Management Division (CalGEM) are subject to the provisions of the State of California's idle well regulations.
(E) Appeal. Any party that has been administratively ordered by the city to terminate a nonconforming use or has received written notification under Subsection (B) above that a nonconforming use has been deemed abandoned shall have the right to appeal the decision to the Planning Commission. Appeals shall be filed with the Planning Commission Secretary, including a statement and evidence provided by the appellant supporting the appeal. The appeal shall be considered in accordance with the following:
(1) The Planning Commission Secretary shall set the matter for hearing before the Planning Commission within 60 days of receiving the appeal. Notice of said hearing shall be given in accordance with applicable provisions of § 155.860 et seq.
(2) Based on evidence provided by the appellant, the Planning Commission may uphold the abandonment and termination order, determine that the nonconforming use has not been abandoned, or may extend the date upon which said nonconforming use is deemed abandoned. Such decision shall be issued in writing.
(3) The decision of the Planning Commission may be appealed to the City Council in accordance with § 155.866.
(4) The nonconforming use may continue while it is being appealed until a final decision is made by the Planning Commission or City Council, as applicable. (5) Notwithstanding the foregoing, the Planning Commission or City Council, as applicable, may grant, at their discretion, an extension of the discontinuation time period described in Section 155.394(A) of up to eighteen (18) months.

Factors that the Planning Commission or City Council upon appeal may consider in determining to grant the extension include building permits, functioning utility hookups, tax records, business licenses, lease agreements, business receipts, and/or similar documentation, as well as economic and market factors.
§ 155.395 NONCONFORMING SITUATIONS REVIEW - PROCEDURES FOR EXPANDING OR CHANGING A NONCONFORMING SITUATION ON A SITE.

Except for adult businesses, which are subject to § 155.396, and signs, which are subject to § 155.397, material expansions or changes of a nonconforming situation (as defined in Section 155.395(D)) will be processed as a conditional use as established in §§ 155.710 through 155.724 and subject to the applicable review criteria in this section.

The Planning Commission shall also consider the following in connection with a request for such a Conditional Use Permit:
(A) The nonconforming situation was not created unlawfully. (B) If the request involves the change of a nonconforming use to a different nonconforming use, the proposed nonconforming use is within the same use category as the existing legal nonconforming use, whether by right or subject to a Conditional Use Permit.
(C) With mitigation measures or through conditions of approval, the nonconforming use or material expansion will comply with the performance standards in §§ 155.415 through 155.433 and will not result in a net increase in overall adverse impacts (over the impacts of the existing use) on the surrounding area, taking into account factors such as:
(1) Noise, vibration, dust, odor, fumes, glare, and smoke; (2) Potential for increased litter;
(3) The amount, location, and nature of any outside displays, storage, or activities;
(4) The appearance of the new or expanded use will not detract from the existing or anticipated function and character of the zoning district; (5) The operating characteristics of the new or expanded use are compatible with the existing and anticipated uses in the immediate vicinity. The hours of operation of nonresidential uses in residential zoning districts cannot be extended into the period of 10 p.m. to 7 a.m.;
(6) If the proposed change to the nonconforming situation will result in an increase in vehicular trips, the street system shall have adequate capacity to accommodate the use, as determined by the Director of Public Works and/or Traffic Engineer following completion of a traffic study by the applicant; (7) If the proposed change to the nonconforming situation will result in an increase in vehicle parking demand, the site shall have adequate on-site parking to accommodate the development, or adequate parking will be provided in accordance with § 155.480;
(8) Parking areas and entrance-exit points are designed to facilitate traffic and pedestrian safety and avoid congestion; and
(9) Public services for water, sanitary sewer, stormwater, water management, and fire and police protection can serve the proposed use, as determined by the responsible city authorities.
(D) Expansions in floor area of nonconforming situations that increase its nonconformity with the applicable standards of the Zoning Ordinance shall be permitted consistent with the following requirements:
(1) The cumulative total of all floor area expansions shall be measured against the floor area as it existed on the date the nonconformity began. (2) Expansions of up to 15% shall be considered minor and shall not require approval of a Conditional Use Permit.
(3) Expansions that exceed 15% shall be considered material and require a Conditional Use Permit.
(4) Floor area may be expanded multiple times, however, floor area expansions that exceed the cumulative total of 15% shall be at the discretion of the Planning Commission as part of the Conditional use Permit process in compliance with this § 155.395.
(5) Expansions in floor area for nonconforming situations must comply with current development standards for the zoning district in which the use or structure is located.
(6) Expansion of a nonconforming use onto another site shall only be permitted if the abutting parcel is under the same ownership as the parcel supporting the nonconforming use and in compliance with this § 155.395. (7) Addition of new residential units to nonconforming residential use is prohibited unless otherwise permitted under state law.
(E) Nonconforming Use Expansions in Residential Areas. If the nonconforming use is in a residential zoning district or in a mixed-use zoning district with residential uses adjacent to the site, the proposed expansion shall be designed and constructed to minimize the impact on the established residential character of the area, as determined by the Director of Planning. This determination shall be based on, but not limited to, the following factors:
(1) Building scale and placement;
(2) Exterior building treatments;
(3) Parking area placement;
(3) Buffering and the potential loss of privacy to abutting residential uses; (4) Location of loading and refuse storage/collection areas; (5) Outdoor storage (where permitted); and
(6) Lighting and signs.
§ 155.396 NONCONFORMING ADULT BUSINESSES.

Nonconforming adult businesses may not be enlarged or reconstructed and are subject to the amortization and termination provisions in § 155.603. § 155.397 NONCONFORMING SIGNS.
(A) Nonconforming signs may not be enlarged or reconstructed and are subject to the termination provisions of State law.
(B) In accordance with § 155.535, a sign permit may be required to maintain a nonconforming sign.

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: Maricela Balderas, Director of Community Services

SUBJECT: SANTA FE SPRINGS CITY LIBRARY’S PARTICIPATION IN THE

CORPORATION FOR EDUCATION NETWORK INITIATIVES IN
CALIFORNIA CONSORTIUM FOR FY 2025-26 THROUGH FY 2029-30 DATE: August 6, 2024
RECOMMENDATION(S):

It is recommended that the City Council:
1) Approve and authorize the Director of Community Services to execute the Letter of Agency, confirming the Santa Fe Springs City Library’s (Library) participation in the Corporation for Education Network Initiatives (CENIC) Consortium for FY 2025-2026 through FY 2029-2030; and
2) Authorize the Director of Community Services to administer the CENIC program.

FISCAL IMPACT
The agreement with CENIC provides the Library with an average 80% discount on highspeed broadband utility costs. As a result, the high-speed broadband cost for FY 2024- 25 is estimated to be $5,800 (vs. $31,700), funded through account code 10101215- 534000 (General Fund – City Manager’s Office-Technology Services-Telephone).

Although future fiscal year expenses and discounts are yet to be determined, this partnership consistently yields significant General Fund savings for the Library each year.

BACKGROUND
Established in 1997, CENIC is a nonprofit organization that operates the California Research and Education Network (CalREN), a high-capacity computer network with more than 8,000 miles of optical fiber. The network serves over 20 million users across CITY COUNCIL AGENDA REPORT – MEETING OF AUGUST 6, 2024
SANTA FE SPRINGS CITY LIBRARY’S PARTICIPATION IN THE CORPORATION

FOR EDUCATION NETWORK INITIATIVES IN CALIFORNIA CONSORTIUM FOR FISCAL YEAR 2025-26 THROUGH 2029-30

Page 2 of 3 ends

California, including the vast majority of K-20 students and other vital public-serving institutions, including libraries.

The CENIC assists local qualifying agencies in applying to and receiving discounts on advanced communication services from the California Teleconnect Fund (CTF) program.

The CTF program was established in 1996, and is governed by the California Public Utilities Code Sections 280 and 884.

At the February 25, 2016 City Council meeting, Council approved a 5 year agreement for the Library to connect to CalREN, allowing for the Library to have access to high-capacity fiber-optic network services at a discounted price. Renewed by City Council on February 11, 2021, the current agreement will expire in June 2025.

ANALYSIS
The Letter of Agency confirms the Library’s continued participation in the CENIC consortium from FY 2025-26 through FY 2029-30, and authorizes the Imperial County Office of Education (ICOE) and CENIC, to act upon the Library’s behalf to complete, sign, and submit application(s) and supporting documentation for the California Teleconnect Fund (CTF) program.

ENVIRONMENTAL
N/A

DISCUSSION
N/A

SUMMARY/NEXT STEPS
Upon execution of the CENIC agreement, staff will work to CENIC to ensure that the application and supporting documentation for discounted communication services is filed with the CTF.

ATTACHMENT(S):

A. Attachment A – Letter of Agency
CITY COUNCIL AGENDA REPORT – MEETING OF AUGUST 6, 2024
SANTA FE SPRINGS CITY LIBRARY’S PARTICIPATION IN THE CORPORATION

FOR EDUCATION NETWORK INITIATIVES IN CALIFORNIA CONSORTIUM FOR FISCAL YEAR 2025-26 THROUGH 2029-30

Page 3 of 3 ends

ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:

Letter of Agency
From:
________________________________________________________________________________ Name of Library Jurisdiction (Organization)/Library Organization County This Letter of Agency (LOA) is to confirm our Organization’s participation in the Corporation for Education Network Initiatives in California (CENIC) Consortium as an eligible member entity for the purpose of receiving E-Rate and California Teleconnect Fund (CTF) discounts.

E-Rate
This Letter of Agency is enacted for the following E-Rate Funding Years: 2025-26, 2026-27, 2027-28, 2028-29, and 2029-30.

I authorize CENIC (E-rate Entity No. 225495) to act on our Organization’s behalf in matters related to the federal E-Rate discount program for the purposes of securing those discounts on eligible telecommunications/data transmission services for eligible library locations. I understand that in submitting E-Rate forms, which include us in the consortium, CENIC is making certifications for our library or library system. By signing this LOA, I make the following certifications on behalf of our Organization:

1. I certify that our library or library system is eligible for assistance from a State Library Administrative Agency under the Library Services and Technology Act of 1996, Pub. L. No. 104-208, § 211 et seq., 110 Stat. 3009 (1996) that do not operate as for-profit businesses and whose budgets are separate from any school (including, but not limited to elementary, secondary schools, colleges, or universities).

2. I certify that our Organization has secured access, separately or through this program, to all of the resources, including computers, training, software, internal connections, maintenance, and electrical capacity, necessary to use the services acquired by CENIC on our behalf. I recognize that some of the aforementioned resources are not eligible for support. I certify that to the extent that the billed entity is passing through the non-discounted charges for the services requested under this Letter of Agency, the entities I represent have secured access to all of the resources to pay the non-discounted charges for eligible services from funds to which access has been secured in the current funding year.

3. I certify that the services the Organization purchases or receives at discounts provided by 47 U.S.C.§ 254 will be used primarily for educational purposes and will not be sold, resold, or transferred in consideration for money or any other thing of value, except as permitted by the rules of the Federal Communications Commission (Commission or FCC) at 47 C.F.R. § 54.500 (et seq.).

4. I certify that our Organization has complied with all program rules and I acknowledge that failure to do so may result in denial of discount funding and/or cancellation of funding commitments. I acknowledge that failure to comply with program rules could result in civil or criminal prosecution by the appropriate law enforcement authorities.

DocuSign Envelope ID: AFACA584-B061-4A66-8286-D9039A31006F Santa Fe Springs City Library / Los Angeles
Attachment A - Library CENIC

5. I acknowledge that the discount level used for shared services is conditional, for future years, upon ensuring that the most disadvantaged schools and libraries that are treated as sharing in the service, receive an appropriate share of benefits from those services.

6. I certify that our Organization will retain the required documents for at least ten years after the last day of service delivered. I certify that our Organization will retain all documents necessary to demonstrate our participation in the consortium and compliance with the statute and Commission rules regarding the application for, receipt of, and delivery of services receiving schools and libraries discounts and that if audited, I will make such records available to the Administrator. I acknowledge that I may be audited pursuant to participation in the Schools and Libraries Program.

7. I certify that I am authorized to order telecommunications and other supported services for the eligible entity(ies) covered by this Letter of Agency. I certify that I am authorized to make this request on behalf of the eligible entity(ies) covered by this Letter of Agency, that I have examined this Letter, and that all of the information on this Letter is true and correct to the best of my knowledge, that the entities that will be receiving discounted services under this Letter pursuant to this application have complied with the terms, conditions, and purposes of the program, that no kickbacks were paid to anyone and that false statements on this form can be punished by fine or forfeiture under the Communications Act, 47 U.S.C. §§ 502, 503(b), or fine or imprisonment under Title 18 of the United States Code, 18 U.S.C. § 1001, and civil violations of the False Claims Act.

8. I acknowledge that FCC rules provide that persons who have been convicted of criminal violations or held civilly liable for certain acts arising from their participation in the Schools and Libraries support mechanism are subject to suspension and debarment from the program. I will institute reasonable measures to be informed and will notify USAC should I be informed or become aware that I or any of the entities, or any person associated in any way with my entity and/or the entities, is convicted of a criminal violation or held civilly liable for acts arising from their participation in the Schools and Libraries support mechanism.

9. I certify that, to the best of my knowledge, the service provider will not pay the non-discount portion of the costs for eligible services. I acknowledge that the provision by the provider of a supported service of free services or products unrelated to the supported service or product constitutes a rebate of some or all the cost of the supported services.

10. I certify that I am authorized to sign this Letter of Agency and, to the best of my knowledge, information, and belief, all information provided to CENIC for E-Rate submission is true and correct.

11. I understand that because CENIC must prepare its statewide application in advance, CENIC relies on data that is reported by participating schools and libraries in the E-Rate Productivity Center of the Universal Service Administrative Company. I therefore agree in advance that whatever NSLP data CENIC uses and can verify to the satisfaction of Universal Service Administrative Company/ Schools and Libraries Division (USAC/SLD) shall be the correct NSLP data for CENIC’s consortium application for our entity.

DocuSign Envelope ID: AFACA584-B061-4A66-8286-D9039A31006F

12. I authorize CENIC, as the consortium lead, to have rights under the Universal Service Administrative Company’s E-rate Productivity Center, or any future iterations of E-rate application processing, to act on behalf of my entity in activities related to the consortium, including but not limited, to filing, submitting and certifying forms.

13. I understand that persons willfully making false statements on the E-Rate forms or through this Letter of Agency can be punished by fine or forfeiture under the Communications Act, 47 U.S.C. §§ 502, 503(b), or fine or imprisonment under Title 18 of the United States Code, 18 U.S.C.

California Teleconnect Fund (CTF)
We, the undersigned, authorize the Imperial County Office of Education (ICOE) and the Corporation for Education Network Initiatives in California (CENIC), to act on our behalf to complete, sign, and submit application(s) and supporting documentation for the California Teleconnect Fund (CTF) to the California Public Utilities Commission for the purpose of receiving CTF discounts on eligible communications services. We also authorize ICOE and CENIC to access the electronic Claim and Application Portal (eCAP), or any future iterations of CTF application processing, on our behalf to manage and facilitate applications and active status for our Organization’s eligible locations.

Certification for E-Rate and CTF
We certify that the information provided herein is true and correct to the best of our knowledge and belief. Any acts carried out by ICOE and/or CENIC on our behalf pursuant to this authorization shall remain in effect until revoked by the undersigned in writing. ____________________________________________________________________________________________

1. Printed Name of Library/Library System or Jurisdiction – should match how it appears in USAC’s system (Required)
___________________________________________________________________________________________

2. Library/Library System FCC Registration Number (Required) ___________________________________________________________________________________________

3. USAC/E-rate Entity # (Required)
____________________________________________________________ _____________________________

4. Signature of authorized person (Required) Date Signed ___________________________________________________________________________________________

5. Printed name of authorized person (Required)
____________________________________________________________________________________________

6. Title or position of authorized person (Required)
DocuSign Envelope ID: AFACA584-B061-4A66-8286-D9039A31006F 0023995574
Santa Fe Springs City Library
143517
____________________________________________________________________________________________

7. Printed e-mail for authorized person (Optional)
____________________________________________________________________________________________

8. Phone for Library/Library System (Required)
____________________________________________________________________________________________

9. Printed name of contact person, if different from No. 5 above (Required) ___________________________________________________________________________________________

10. Title or position of contact person (Required)
___________________________________________________________________________________________

11. Phone for contact person (Required)
___________________________________________________________________________________________

12. Printed e-mail for contact person (Optional)
DocuSign Envelope ID: AFACA584-B061-4A66-8286-D9039A31006F ITEM # 7

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: Maricela Balderas, Director of Community Services

SUBJECT: ART IN PUBLIC PLACES FY 2024-25 ART EDUCATION GRANT

PROGRAM AWARDS
DATE: August 6, 2024
RECOMMENDATION(S):

It is recommended that the City Council:
1) Authorize the FY 2024-25 award distribution of $69,992.50, as recommended by the Heritage Arts Advisory Committee (HAAC), to fund the Art Education Grant Program recipients.
2) Take such additional, related, action that may be desirable.

FISCAL IMPACT
The Public Art & Art Education Program Activity (No. 10511001) is entirely funded by developers’ fees through the Art in Public Places Special Fund (No. 2510). FY 2024-25 Grant awards will be disbursed from account code 10511001-593000 (General FundCommunity Services-Public Art & Art Education Program-Contribution/Art Education Grants).

BACKGROUND
The Heritage Artwork in Public Places Program has been funding Art Education Grants (Grant Program), for K-12 students, for over 30 years. The Grant Program provides monetary awards to schools that serve Santa Fe Springs’ residents with projects that will enhance a child’s knowledge and awareness of art through age and skills appropriate learning opportunities culminating in art exhibitions, productions, demonstrations, or artrelated field trips.

CITY COUNCIL AGENDA REPORT – MEETING OF AUGUST 6, 2024
APPROPRIATION OF FUNDS FROM CITY’S ART IN PUBLIC PLACES FUND FOR CITY’S ART EDUCATION GRANT PROGRAM FOR FISCAL YEAR 2024-2025

Page 2 of 2 ends

In FY 2023-24 a total of $58,364.97 was awarded due to the highest amount of applications ever being received (29 applications), and to the amounts requested reflective of inflation for cost of living and art supplies.

All award recipients are required to submit a final report in May of the school year, detailing how the funds were utilized including submittal of financial documentation. Any monies not used are returned to the City and due upon the City’s acceptance of the final report. To date, all previously awarded and unused funds have been returned to the City.

ANALYSIS

The 2024-25 school year grant applications were made available to school staff in early April 2024 and due to City staff on June 14, 2024. Similar to last year, 29 applications were received, including one from Pioneer High School and St. Pius X, which have not previously applied. At their regular meeting on July 30, 2024, HAAC members reviewed the applications and recommended that City Council award funds to all 29 applicants in a total amount of $69,992.50 as shown in attachment A.

ENVIRONMENTAL
N/A

SUMMARY/NEXT STEPS
Upon City Council approval, City staff, in collaboration with the Finance Department, will disburse the grant awards to the Art Education Grant recipients.

ATTACHMENT(S):

A. Art Education Grant Applications List 2024-2025
ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:

HERITAGE ARTWORK IN PUBLIC PLACES PROGRAM
ART EDUCATION GRANT REQUESTS FY 2024-25
NO.

DATE

RECEIVED SCHOOL NAME

APPLICANT

NAME TITLE OF GRANT

GRADES /
NO. OF YOUTH

GRANT AMOUNT

REQUESTED HAAC RECOMMENDED COMMENTS
1 6/13/2024 Cresson Elementary School Erin Dunroe Draw Along Art Assemblies & Family Nights TK-5th Grades / 240 youth $ 3,076.91 $ 2,176.91 Family participation denied - Students only $ 3,076.91 $ 2,176.91
2 6/12/2024 Jersey Avenue Elementary School Jessica Leon Folkloric Dance & Cultural Arts Program PK-5th Grades / 60 youth $ 5,000.00 $ 2,500.00 Costume acc., shoes, costume cleaning denied 3 6/14/2024 Jersey Avenue Elementary School Rachel Genberg Art Education Grant K - 5th Grades / 50 youth $ 4,546.00 $ 4,546.00 Approved $ 9,546.00 $ 7,046.00
4 6/6/2024 Lake Center Middle School Sabrina Ireland Hispanic Art Appreciation 6th Grade / 198 youth $ 4,950.00 $ 4,950.00 Approved 5 6/6/2024 Lake Center Middle School Susie Luu Painting with Jaguars 6th Grade / 66 youth $ 2,364.00 $ 2,364.00 Approved 6 6/14/2024 Lake Center Middle School Joseph Kwak Field Trip 6th - 8th Grades / 55 youth $ 4,800.54 $ 1,472.04 Theme park tickets and meals denied 7 6/14/2024 Lake Center Middle School Jennifer Conforti Mosaic Center 8th Grade / 132 youth $ 2,585.65 $ 2,585.65 Approved $ 14,700.19 $ 11,371.69
8 6/11/2024 Lakeland Elementary School
Georgette BaltierrezManohorathat Los Angeles Opera 4th & 5th Grades / 70 youth $ 2,552.00 $ 2,552.00 Approved $ 2,552.00 $ 2,552.00
9 6/12/2024 Lakeview Elementary School Linda Paré - Pink Art In Action 2nd Grade / 81 youth $ 3,658.40 $ 3,658.40 Approved 10 6/14/2024 Lakeview Elementary School Ruby Dominguez Lakeview's Take Two Drama Club K - 5th Grades / 55 youth $ 5,000.00 $ 3,576.00 Stage props, Muslim drop & cyc (curtain) denied 11 6/14/2024 Lakeview Elementary School Kelly Love Meet the Masters K - 5th Grades / 460 youth $ 3,203.52 $ 3,203.52 Supply list amount does not match grant request; no detailed itemization $ 11,861.92 $ 10,437.92
12 6/12/2024
Los Nietos Middle School & Rancho Santa
Gertrudes Elementary School Farrin Ochoa Art Enrichment for TK - 8th Grade TK-8th Grades / 691 youth $ 4,600.00 $ 4,540.41 Approved amount of itemized budget $ 4,600.00 $ 4,540.41
13 6/7/2024 Pioneer High School Jennifer Sanchez Tranquility Lounge Tile Mural 9th-12th Grades / 120 youth $ 2,971.01 $ 2,911.01 Approved $ 2,971.01 $ 2,911.01
14 6/3/2024 Santa Fe High School Terry Dawson Band Sheet Music & Jazz Guest Artist 9th -12th Grades / 80 Youth $ 2,200.00 $ 2,200.00 Approved 15 6/12/2024 Santa Fe High School Jenny Sedo Comics 9th -12th Grades / 200 Youth $ 4,903.33 $ 4,903.33 Approved 16 6/12/2024 Santa Fe High School Jessica Guiragossian Comics! Creativity & Connections 9th -12th Grades / 150 Youth $ 4,478.47 $ 4,478.47 Approved 17 6/13/2024 Santa Fe High School Giao Nguyen Comics 9th -12th Grades / 160 Youth $ 4,641.41 $ 4,641.41 Approved $ 16,223.21 $ 16,223.21
18 5/13/2024 Santa Fe Springs Christian School Cindy Jarvis Art Masters Legacy Series K-8 / 150 youth $ 4,341.00 $ 4,141.00 NO itemized list 19 5/13/2024 Santa Fe Springs Christian School Andrea Neely Kindergarten Art Projects Kinder / 20 youth $ 184.48 $ 184.48 Approved 20 5/13/2024 Santa Fe Springs Christian School Danielle Michaels 1st Grade Art Grant 1st Grade / 20 youth $ 130.36 $ 130.36 Approved 21 5/13/2024 Santa Fe Springs Christian School Mrs. Shinar Lumahan 2nd Grade Dinosaurs & Masks 2nd Grade / 20 youth $ 279.15 $ 279.15 Approved 22 5/13/2024 Santa Fe Springs Christian School Lori Chronister 3rd Grade Art Projects (Social Studies, Christmas,
Mother's & Father's Day) 3rd Grade / 24 youth $ 212.73 $ 212.73 Approved 23 5/13/2024 Santa Fe Springs Christian School Marie Gomez 4th Grade Art Projects 4th Grade / 24 youth $ 264.80 $ 264.80 Approved 24 5/13/2024 Santa Fe Springs Christian School Nathan Flores 5th Grade Revolutionary War Project 5th Grade / 20 youth $ 261.40 $ 261.40 Approved 25 5/13/2024 Santa Fe Springs Christian School Jennifer Senglaub 6th & 7th Grade Walk Through the Ancient World
Project 6th & 7th Grades / 48 youth $ 520.00 $ 520.00 Approved 26 5/13/2024 Santa Fe Springs Christian School Jennifer Senglaub 6-8 Grades Jr. High Theater Arts Production 6-8 Grades / 25-35 youth $ 460.51 $ 447.52 LED Lights denied 27 5/13/2024 Santa Fe Springs Christian School Adriana Quezada 6-8 Grades Pieces of our World Project 6-8 Grades / 60 youth $ 283.32 $ 283.32 Approved $ 6,937.75 $ 6,724.76
28 6/14/2024 St. Paul High School Ashley Lynch Rhythm in Motion: Elevating HS Dance Educ. 9th - 12th Grades / 32 youth $ 1,422.61 $ 1,422.61 Approved $ 1,422.61 $ 1,422.61
29 6/12/2024 St. Pius X Parish School Yessica Chacon Meet the Masters Art Education K-8th Grades / 130 youth $ 4,585.98 $ 4,585.98 Approved $ 4,585.98 $ 4,585.98
TOTAL NO. OF APPLICATIONS RECEIVED: 29 TOTAL GRANT FUNDS REQUESTED: $78,477.58 $69,992.50 TOTAL:

TOTAL:

Attachment A-Art Education Grant Applications List
ITEM # 8

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
SUBJECT: AGREEMENT WITH ATQOR FOR IT CONSULTANT, SUPPORT

SERVICES AND SOFTWARE DEVELOPMENT
DATE: August 6, 2024

RECOMMENDATION
It is recommended that the City Council take the following actions:
1) Incorporate this project as a Capital Improvement Program (CIP) within the current Fiscal Year (FY) 2024-25 CIP Program; and
2) Authorize the City Manager to execute an amendment to the agreement with AtQor for general Information Technology (IT) support and consultant services for FY 2024-25 through 2025-26; and
3) Award AtQor authorization to create a Water Utility Billing solution based upon the specifications of the City’s Request for Proposals (FRP) for Utility Billing Software and implementation Services; and
4) Authorize the City Manager to execute three (3), optional one (1) year amendments for FY 2026-27 through FY 2028-29 at the City Manager’s discretion.

FISCAL IMPACTS
If approved, staff will establish an agreement with AtQor for general IT support and consultant services. The initial term of the agreement is two (2) years, and it includes three (3), one (1) year extension options. The total cost shall not exceed $1,750,000 over the five (5) years and will be covered by the Water Utility Fund and Prefunded Capital Project fund; IT Software upgrade (FA250001). The total cost also includes cloud usage and license costs. The agreement includes a detailed description of the hourly rates services.

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The total cost includes the following projects:
1) Fixed Assets Integration
2) Migration to Microsoft 365
3) Activenet Integration
4) Budget Software Implementation
5) Expanding Wifi Implementation
6) Develop and implement Business License software
7) Develop and implement Water Utility software
8) Implement HR/PR software
9) General IT support
Each of the solutions that AtQor provides, when applicable, will include the following:
1) Email solutions
2) Microsoft 365 Apps for Business,
3) Defender for O365 P1,
4) Microsoft Teams,
5) Power Apps for O365
6) Power Automate for O365,
7) Entra ID P1
8) Other security and compliance reporting capability
Ongoing maintenance expenditure will be budgeted annually in account code 10101215 - 542050 (General Fund – General Government – IT – Contractual Services). Subsequent fiscal years will include sufficient funds in the same account code.

BACKGROUND
Compared to IT solutions currently available, the City's data center and network infrastructure require a much-needed update. A plan is being developed to ensure the City transitions to newer solutions to improve the efficiency and effectiveness of service delivery to the community. While this plan is being developed, IT consultant services are necessary to provide ongoing support services, and documentation is required to identify the specific needs of the City while ensuring the existing systems maintain operability.

ENVIRONMENTAL
N/A

DISCUSSION
It is recommended that City Council approve the attached agreement with AtQor to provide general IT support and consultant services. Upon approval of the agreement, AtQor will assist the City’s IT team with providing user support to all City employees.

Services will be conducted on-site and remotely, primarily during city business operating hours.

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As a consultant to the City, AtQor will provide staff advisory services to assess technology strategies to align with the general goals and objectives and business processes.

Furthermore, they will document the process to help ensure milestones are accomplished in upgrading solutions and the project's continuity.

In addition to providing general, IT support, some specific projects that AtQor will assist the City with include:
 Fixed Assets Integration – Assist IT/Finance staff with integrate data regarding City-owned equipment, land, and buildings into Tyler Munis (ERP System)  Migration to Microsoft 365 - Upgrade all workstations to Microsoft 365 and integrate with existing solutions as needed. The Microsft 365 license is estimated to cost $500,000 for five years.
 ActiveNet Integration – Integrate ActiveNet Registration with existing solutions to improve the reservation process for Parks & Recreation facilities.  Budget Software Implementation – Facilitate the implementation of the use City’s budget software, ClearGov and ensure data integration with Tyler Munis and HR/PR software.
 Expanding WiFi Access – Install and activate hotspots at various City facilities to ensure staff and visitors have access to high-speed data services.  Business License Software – Reviewing the existing business license software and develop of a new solution.
 Water Utility Billing Software—Reviewing the existing water utility billing system, developing new software, and transferring customer information from the legacy system. Estimated $352,000 toward cloud storage to run the system over five years.
 Human Resources/Payroll Software - Assist staff with implementing a new payroll software and transferring data from the legacy system.  General IT Support.
 Other projects as the City identifies.

AtQor is a technology consultant based locally in Santa Fe Springs. They are certified in multiple Microsoft and non-Microsoft competencies. In addition, they are a recognized member of the Microsoft Cloud Partner Program (formerly the Silver and Gold Partnership). For this reason, the services provided by AtQor are considered professional in nature and exempt from the City bidding process pursuant to Santa Fe Springs Municipal Code Section 34.18(A)(1), which states:

Purchases of supplies, equipment, and services shall be made under the procedures outlined in this subchapter, except for the following:

Professional and special services, including, but not limited to, financial, economic, accounting, engineering, legal, administrative, technology, education and instruction, medical, and entertainment.

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In February 2024, the City issued an RFP for to obtain proposals for a new water utility billing software and implementation services. Administration of water utility billing is currently conducted using a module within Reflections. Reflections is the City’s legacy Enterprise Resource Planning (ERP) System. This solution was developed by in-house IT staff during the 1980s and represents one of the City’s early transitions into digitizing processes.

Reflections was developed using a programming language called Common BusinessOriented Language (COBOL). COBOL is a compiled English-like computer programming language designed primarily for business use and commonly used by government agencies. While COBOL is still widely used in applications deployed on mainframe computers, such as large-scale batch and transaction processing jobs, starting in the early 2000s many financial institutions started to transition towards newer systems that use more modern programming languages and compatibility with Windows. Today, is typically used to maintain existing applications. Programs are being moved to new platforms, rewritten in modern languages, or replaced with other software. As more tenured IT professionals transition out of the workforce, finding newer professional experienced with COBOL is becoming increasing more difficult. Therefore, it is critical the City procure an updated solution as soon as possible.

The essential function of a utility billing software is to simplify billing and customer management to allow organizations to focus on improving the customer experience. Staff believes that this goal can be achieved by acquiring a new, modern billing software.

When the RFP process closed in April 2024, a total of nine (9) vendors submitted proposals. Below is a list of the proposers and their (listed alphabetically):

Vendor Location
360S2G San Francisco, CA
AtQor Santa Fe Springs, CA
Cogsdale Littleton, CO
CUSI Jonesboro, AR
Diversified Tech Corp Bloomsburg, PA
Milsoft Utility Solutions Abilene, TX
Springbrook Sherwood, OR
TruePointSolutions Loomis
Tyler Technologies Plano, TX
RFP documentation identified specific evaluation criteria that the initial proposal submissions would undergo. The following is a summary of the evaluation criteria:

Application Functionality
Application Integration
Implementation and Project Plan
Training and Documentation
CITY COUNCIL AGENDA REPORT – MEETING OF AUGUST 6, 2024
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ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:

Technical Fit
Vendor Reputation/References
One Time Costs
Ongoing Costs
After conducting the initial review of the documentation and interview the top candidates, it was determined that AtQor offered the best solution to meet the City’s needs. Unlike the other vendors that responded to this solicitation, AtQor proposed a custom built software solution. Staff believes that the customization element of this solutions offers limitless possibilities for integration with existing solutions and adaption to future needs.

In addition to approving this agreement, it is requested that City Council authorize the City Manager to approve any extension options after the initial term ends on June 30, 2027.

Staff believes that this will help ensure more efficient management of the agreement. The City Council will maintain the authority to designate funding for this agreement through the annual budget process.

SUMMARY
Staff recommends approving the attached agreement with AtQor in the not to exceed amount of $1,750,000 over five (5) years period. Upon approval of this agreement, AtQor will provide ongoing support services to ensure existing systems maintain operability and identify needs for transitioning to new solutions.

ATTACHMENTS
A. Agreement with AtQor
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CITY OF SANTA FE SPRINGS

PROFESSIONAL SERVICES AGREEMENT
WITH
ATQOR
This Professional Services Agreement (“Agreement”) is made and effective as of July 1, 2024, (“Effective Date”), by and between the City of Santa Fe Springs, a California municipal corporation, (“City”) and Axile Tech, LLC dba atQor, a California limited liability company (“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 until June 30, 2026. The term of the Agreement may be extended up to three additional one-year periods upon mutual written agreement of the parties.

2. SERVICES
Consultant shall perform the services described in Consultant’s Proposal attached hereto as Exhibit A and incorporated herein as though set forth in full (“Services”). Consultant shall complete the Services according to any schedule of performance set forth in Exhibit A. To the extent that Exhibit A contains provisions inconsistent with this Agreement, the provisions of 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 in accordance with the payment rates and terms and the schedule of payment as set forth in Exhibit A. This amount that shall not exceed One Million Seven Hundred Fifty Thousand Dollars ($1,750,000.00) for the total term of the Agreement unless additional payment is approved as provided in this Agreement.

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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 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.

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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
A. Indemnification. To the fullest extent permitted by law, Consultant shall indemnify and hold harmless the City and any and all of its officials, employees, agents, and/or volunteers (“Indemnified Parties”), from and against any and all claims, demands, actions, suits, losses, liabilities, damages, costs, and expenses, including attorney’s fees and costs, arising out of or in any way connected with the performance of Consultant, its officers, agents, employees, and/or subconsultants (or any agency or individual that Consultant shall bear the legal liability thereof) under this Agreement, including all acts or omissions, willful misconduct, or negligent conduct, whether active or passive, on the part of Consultant, its officers, agents, employees, and/or subconsultants. Consultant’s duty to indemnify and hold harmless the Indemnified Parties shall not extend to the sole negligence or willful misconduct of the Indemnified Parties.

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B. Duty to Defend. In the event the Indemnified Parties, individually or collectively, are made a party to any claim, action, lawsuit, or other adversarial proceeding arising or alleged to arise out of or is in any way connected with the performance of Consultant’s services under this Agreement, and upon demand by the City, Consultant shall immediately defend the Indemnified Parties at Consultant’s cost or at the City’s option to reimburse the City for its costs of defense, including reasonable attorney’s fees and costs incurred in the defense of such matters, regardless of whether or not Consultant, its officers, agents, employees, and/or subconsultants are specifically named or otherwise asserted to be liable, and regardless of whether or not there is any evidence of finding of fault or wrongdoing by Consultant, its officers, agents, employees and/or subconsultants. Payment by the City is not a condition precedent to enforcement of this provision.

C. In the event of any dispute between Consultant and the City as to whether liability arises from the sole negligence or willful misconduct of the City or its officials, employees, agents, and/or volunteers, Consultant will be obligated to pay for the City’s defense until such time as a final judgment has been entered adjudicating the Indemnified Parties as solely negligent or to have acted with willful misconduct.

Consultant will not be entitled in the absence of such a determination to any reimbursement of defense costs, including but not limited to attorney’s fees, expert fees, and costs of litigation.

10. INSURANCE
Consultant shall maintain prior to the beginning of and for the duration of this Agreement insurance coverage as specified in Exhibit B 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 REV012024 Page 5 of 15 AtQor
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.

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 REV012024 Page 6 of 15 AtQor
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.

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.

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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: René Bobadilla, P.E., City Manager

To Consultant: AtQor
13301 Alondra Boulevard, Suite B
Santa Fe Springs, CA 90670
Attention: Greg Kachhadiya

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 REV012024 Page 8 of 15 AtQor
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.

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 REV012024 Page 9 of 15 AtQor
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.

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 warrant 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 signature or electronic transmittal of signatures shall have the same effect 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
____________________________ ____________________________ René Bobadilla, P.E., City Manager Name: __Grey Kachhadiya ______ Title: ___COO________________
Date: ______________________ Date: _______________________ REV012024 Page 10 of 15 AtQor
ATTEST: CONSULTANT
__________________________ ____________________________ Fernando Munoz, Deputy City Clerk Name: ___JD Savalyia_________ Title: ____CFO _ ______________
Date: _______________________

APPROVED AS TO FORM:
_________________________
Ivy M. Tsai, City Attorney
Attachments: Exhibit A Consultant’s Proposal
Exhibit B Insurance Requirements

EXHIBIT A
CONSULTANT’S PROPOSAL
Rate Descriptions
Profile Category Profile Description
Tech I – Associate
$120.00/hour
 Completes tasks with limited supervision
Tech II –
Consultant
$140.00/hour
 Completes tasks and sets priorities without supervision  If needed, can supervise and set priorities for others  Can lead small project team
 Ability to present persuasively and effectively
 Able to effectively facilitate meetings with project team members Tech III - Sr.

Consultant
$160.00/hour
 Can scope out a simple or semi-complex project based on business requirements and achievable benefits
 Can create a semi-complex project plan and Statement-of-Work  Can lead a semi-complex project plan and Statement-of-Work  Able to effectively facilitate meetings with project sponsors  Evaluate, design, and implement enterprise IT-based business solutions, often working on-site to help customers deploy their solutions (MS Services specific)
 Have strong client satisfaction awareness (MS Services specific)  Can lead technology decisions and facilitate and articulate alternatives and direction to Senior IT and Business Management (MS Services specific)  Strong Project Management Skills (MS Services specific) Tech IV –
Principal
$185.00/hour
 Can scope out a complex project based on business requirements and achievable benefits
 Can create a complex project plan and Statement-of-Work  Can lead a complex project to completion on-time and on-budget  Able to effectively facilitate meetings with Microsoft senior management  Viewed as a functional expert with full awareness of business solutions  Requires both broad and deep technology knowledge and the ability to architect a solution by mapping a customer’s business problem to an end-toend technology solution (MS Services specific)  Effective in fostering executive level relationships (MS Service Specific)  Demonstrated ability to engage in senior level technology decision maker discussions related to agility and business value (MS Services specific) Tech V – Architect
$200.00/hour
 Can prepare a short and long term strategic roadmap for a functional area  Viewed as a functional and industry expert with full awareness of business solutions
 Serves as a relationship manager for Microsoft across multiple functional areas  Has access to contacts with best practice functional and industry expertise outside the supplier and outside Microsoft
Technical Project
Manager II
$160.00/hour
 Drives project from initiation through delivery, interfacing with customers on technical matters.
 Creates the functional specification that will be used as a tool in making decisions as to how the product or service will be implemented.  Develops relationships with multiple Product Managers and provides them with technical and analytical information
 Organizes cross functional activities ensuring completion of the project on schedule and within budget constraints
 May manage multiple projects and may oversee others
 The ideal candidate will have high-powered analytical skills and the ability to understand concepts and situations that pass by many others.  Must have excellent communication skills and strong project management skills
 Proficiency in Microsoft Office required
 Using PMO best practices and standards
 Bachelor's Degree required
 PMI certification required
Technical Project
Manager III
$195.00/hour
 Drives project from initiation through delivery, interfacing with customers on technical matters
 Creates the functional specification that will be used as a tool in making decisions as to how the product or service will be implemented  Develops relationships with multiple Product Managers and provides them with technical and analytical information
 Organizes cross functional activities ensuring completion of the project on schedule and within budget constraints
 May manage multiple projects and may oversee others
 The ideal candidate will have high-powered analytical skills and the ability to understand concepts and situations that pass by many others  Must have excellent communication skills and strong project management skills
 Proficiency in Microsoft Office required
 Using PMO best practices and standards
 Bachelor's Degree required
 Master's Degree preferred
 PMI certification required

EXHIBIT B

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.

Cyber security and privacy liability. Consultant shall procure and maintain insurance with limits of $1,000,000 per occurrence/loss, $2,000,000 general aggregate, which shall include the following coverage:
a. Liability arising from the theft, dissemination and/or use of confidential or personally identifiable information; including but not limited to personally identifiable information (PII), protected health information (PHI), security codes, access codes, passwords, etc.
b. Network security liability arising from the unauthorized use of, access to, or tampering with computer systems, including hacker or denial of service attacks. c. Liability arising from introducing a computer virus into or otherwise causing damage to vendor (first-party) or customer’s (third party) computer, computer system, network, or similarly related property and the data, software, and programs.
d. Liability arising from professional misconduct or lack of the requisite skill required for performing services defined in the contract or agreement. e. Costs associated with restoring, updating, or replacing data. f. Costs associated with a privacy breach, including notification costs, customer support, forensics, crises management, public relations consulting, legal services of a privacy attorney, credit monitoring, and identity fraud resolution services for affected individuals.

If coverage is maintained on a claims-made basis, Consultant shall maintain such coverage for an additional three (3) years following termination of the 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.

ITEM # 9

CITY OF SANTA FE SPRINGS

CITY COUNCIL AGENDA STAFF REPORT
TO: Honorable Mayor and City Council
FROM: René Bobadilla, P.E., City Manager
BY: Lana Dich, Director of Finance
SUBJECT: APPROVE PROFESSIONAL SERVICE AGREEMENT WITH IBE

DIGITAL FOR SUPPLEMENTAL INFORMATION TECHNOLOGY

SUPPORT SERVICES
DATE: August 6, 2024

RECOMMENDATIONS
It is recommended that the City Council take the following actions:
1) Authorize the City Manager to execute a City-Wide Information Technology (IT) staff augmentation services agreement with IBE Digital on a month-to-month basis; and
2) Authorize issuing a Request for Qualification/Proposals (RFP) to identify consultant to provide IT support services.

FISCAL IMPACT
If approved, the initial terms of this agreement will be on a month-to-month basis. The fiscal impact of the contract is $13,500 per month. The month-to-month option will allow the City to terminate at any time with a thirty (30) day notice.

Salary savings from vacant positions within the Information Technology Division’s budget will be used to offset these costs in the current fiscal year (FY 2024-25). Furthermore, the current fiscal year budget includes sufficient funds for these services, and future budgets will be developed to include adequate funding for these services. Expenses associated with this agreement is budgeted in account 10101125-542050 (City Manager’s Office - Contract Services).

CITY COUNCIL AGENDA REPORT – MEETING OF AUGUST 6, 2024
Approve Professional Service Agreement with IBE Digital for Supplemental Information Technology Support Services

Page 2 of 4 ends

BACKGROUND
The City‘s IT Division is generally tasked with providing desktop technical support, systems analysis and implementation, telecommunication services and support, and data center operations and support. Staff assigned to IT work under the general direction of the City Manager’s Office and provide the following services:
 Serve as the first point of contact for internal customers seeking technical assistance over the phone, email, or in person
 Provide technical assistance and support for all incoming queries related to  systems, software, and hardware.
 Investigate issues to determine the best solution based on prior knowledge, findings,
 and details provided by the customer
 Document case facts in the ticketing system and escalate unresolved issues to the next level of support as deemed necessary
 Assist with technology implementation projects as needed These services are performed at all City facilities for over 250 employees who use IT solutions directly or indirectly. Currently, the division is staffed with four (4) employees (1 Technology Services Manager, 1 Systems Analyst, and 2 Computer Specialists).

With an increasing number of users, additional software solutions expected, and upcoming special projects, the demand for IT services is higher than in the past. Until sufficient staff is onboarded, IT staff augmentation services can be used to fulfill shortterm needs.

DISCUSSION
In April 2024, the City established an agreement with IBE to provide IT staff augmentation services. This agreement was established under the City Manager’s purchasing authority of $50,000. Staff wishes to continue using the service, while staff issues RFP.As previously mentioned, the objective is to supplement internal services and ensure sufficient staff are on hand to address any IT needs.

Upon approval of this agreement, IBE will assign staff to work alongside internal IT staff to augment service desk and desktop support, enterprise application administration, application/hardware monitoring, data backup, website maintenance, security, PMO, and disaster recovery support. Additionally, IBE may be tasked with special projects such as training, network cabling, and systems implementation/integration.

Services will be performed primarily during regular business hours (Monday through Friday from 7:30 a.m. to 5:30 p.m.). Staff will coordinate with IBE to arrange any work that must be conducted after hours or on-call.

CITY COUNCIL AGENDA REPORT – MEETING OF AUGUST 6, 2024
Approve Professional Service Agreement with IBE Digital for Supplemental Information Technology Support Services

Page 3 of 4 ends

IBE is a minority-owned, Southern California-based IT consultant. They specialize in providing solutions and services for the public sector. In addition, IBE is an authorized Konica Minolta Business Solutions partner. This partnership allows IBE to serve as an authorized dealer of various computer hardware, software, and IT services and sell using competitively bid pricing available through multiple Sourcewell agreements. The City can use these agreements to procure the necessary services without engaging in the standard bidding process pursuant to Santa Fe Springs Municipal Code Section 34.18B, Purchase By Bidding Required Generally; Exceptions, which states:

Purchases of supplies, equipment, and services shall be made pursuant to the procedures set forth in this subchapter, except for the following:

Cooperative or piggyback purchasing, which may consist of the following:

Cooperative purchasing with other public agencies, and with nonprofit groups or organizations established by public entities, provided that a competitive bidding process is used.

Contracts with suppliers who have been awarded contracts by the state or other local agencies for the purchase of supplies, equipment, and services under a competitive bidding process.

Purchasing supplies, equipment, or services through bid award lists of others, provided that competitive purchasing procedures similar to those required in the City were employed to create such bid award lists.

IBE will invoice the City monthly for the labor hours worked and any hardware/software purchased for any related services.

Concurrently, staff will issue RFP for IT support services. The primary objective of this valuation is to identify an effective plan for current IT operations.

SUMMARY/NEXT STEPS
It is requested that the City Council authorize the City Manager to execute the agreement with IBE to provide IT support. Approving this agreement will ensure additional IT support resources are available to ensure staff can continuously provide services to the community, while Finance staff will issue RFP.

ATTACHMENTS
A. PSA – IBE Digital
B. Request for Proposal
CITY COUNCIL AGENDA REPORT – MEETING OF AUGUST 6, 2024
Approve Professional Service Agreement with IBE Digital for Supplemental Information Technology Support Services

Page 4 of 4 ends

ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:

REV012024 Page 1 of 15 IBE Digital

CITY OF SANTA FE SPRINGS

PROFESSIONAL SERVICES AGREEMENT
WITH
I COPY, INC. DBA IBE DIGITAL
This Professional Services Agreement (“Agreement”) is made and effective as of August 6, 2024, (“Effective Date”), by and between the City of Santa Fe Springs, a California municipal corporation, (“City”) and I Copy, Inc., a California corporation doing business as IBE Digital (“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 on a month-to-month basis until June 30, 2025. The term of the Agreement may be extended upon mutual written agreement of the parties.

2. SERVICES
Consultant shall perform the services described and set forth in Consultant’s Proposal attached hereto as Exhibit A and incorporated herein as though set forth in full (“Services”). Consultant shall complete the Services according to any schedule of performance set forth in Exhibit A. To the extent that Exhibit A contains provisions inconsistent with this Agreement, the provisions of this Agreement and Exhibit A shall govern.

5. PAYMENT
A. City agrees to pay Consultant in accordance with the payment rates and terms and the schedule of payment as set forth in Exhibit B based upon actual time spent on the above tasks. This amount shall not exceed Thirteen Thousand Five Hundred Dollars ($13,500) per month for the total term of the Agreement unless additional payment is approved as provided in this Agreement.

REV012024 Page 2 of 15 IBE Digital
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.

REV012024 Page 3 of 15 IBE Digital

REV012024 Page 4 of 15 IBE Digital
B. Duty to Defend. In the event the Indemnified Parties, individually or collectively, are made a party to any claim, action, lawsuit, or other adversarial proceeding arising or alleged to arise out of or is in any way connected with the performance of Consultant’s services under this Agreement, and upon demand by the City, Consultant shall immediately defend the Indemnified Parties at Consultant’s cost or at the City’s option to reimburse the City for its costs of defense, including reasonable attorney’s fees and costs incurred in the defense of such matters, regardless of whether or not Consultant, its officers, agents, employees, and/or subconsultants are specifically named or otherwise asserted to be liable, and regardless of whether or not there is any evidence of finding of fault or wrongdoing by Consultant, its officers, agents, employees and/or subconsultants. Payment by the City is not a condition precedent to enforcement of this provision.

Consultant will not be entitled in the absence of such a determination to any reimbursement of defense costs, including but not limited to attorney’s fees, expert fees, and costs of litigation.

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 REV012024 Page 5 of 15 IBE Digital
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.

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 REV012024 Page 6 of 15 IBE Digital
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.

REV012024 Page 7 of 15 IBE Digital

To the City: City of Santa Fe Springs
11710 E. Telegraph Road
Santa Fe Springs, CA 90670
Attention: René Bobadilla, P.E., City Manager

To Consultant: IBE Digital
11266 Monarch Street
Suite B
Garden Grove, CA 92841
Attention: Sloan Varing
[email protected]

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.

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 REV012024 Page 8 of 15 IBE Digital
Agreement shall take place in the municipal, superior, or federal district court with jurisdiction over the City.

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.

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 REV012024 Page 9 of 15 IBE Digital
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.

CITY OF SANTA FE SPRINGS CONSULTANT
____________________________ ____________________________ René Bobadilla, P.E., City Manager Name: ______________________ Title: _______________________
Date: ______________________ Date: _______________________ REV012024 Page 10 of 15 IBE Digital
ATTEST: CONSULTANT
__________________________ ____________________________ Fernando Munoz, Deputy City Clerk Name: ______________________ Title: _______________________
Date: _______________________

APPROVED AS TO FORM:
_________________________
Ivy M. Tsai, City Attorney
Attachments: Exhibit A Consultant’s Proposal
Exhibit B Insurance Requirements

EXHIBIT A
CONSULTANT’S PROPOSAL

EXHIBIT B

If coverage is maintained on a claims-made basis, Consultant shall maintain such coverage for an additional three (3) years following termination of the Agreement.

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.

CITY OF SANTA FE SPRINGS
2024 IBE DIGITAL 0
Technical Staff Augmentation
For

CITY OF SANTA FE SPRINGS
2024 IBE DIGITAL 1
Table of Contents
1 OVERVIEW ..................................................................................................................2 2 SOLUTION ...................................................................................................................2 3 PRICING.......................................................................................................................2 4 TERMS AND CONDITIONS OF SERVICE.................................................................3

CITY OF SANTA FE SPRINGS
2024 IBE DIGITAL 2
1 Overview
The purpose of this Schedule of Services is to outline the path that will enable IBE Digital to commence and deliver a professional services engagement for the City of Santa Fe Springs. 2 Solution
IBE Digital will deliver IT Staff Augmentation services for the City of Santa Fe Springs. IBE Digital will provide a Level 2 Desktop Engineer onsite for 40 hours per WEEK during this engagement. Level 2 (L2) is staffed by technicians who have troubleshooting capabilities beyond the tier-1 employees. The L2 engineer determines whether a problem is a new issue, or an existing one. They also have access to advanced diagnostic tools and data analysis to gain problem resolution. The Expected Benefits that will result from this engagement are as follows:
• Strategically address End User needs
• Create a positive End User experience
• Quickly Respond to Easy to Manage Issues
• Establishes protocol for Harder to Solve Problems
• Increasing End User Satisfaction
3 Pricing
Pricing Provided via Sourcewell Contract # 030321-KON
Resource Biz Hours Hourly
Rate
Outside Biz Hourly
Rate 40 HR Work Week
Level 2 Help Desktop
Engineer $80.00 $120.00 $3,200
All prices are exclusive of any applicable sales or use taxes.

Supplemental Services
Any additional services or after-hours services requested by the city will be paid at the published rates below.

Resource Description Biz Hourly Rate Outside Biz Hours Hourly Rate
Level 2 Help Desk Engineer $80 $120
Systems Engineer $240 $360
Solutions Architect $240 $360

CITY OF SANTA FE SPRINGS
2024 IBE DIGITAL 3
Additional Fee Details
• Monthly support fee for additional supported Servers: $166.29 • Monthly support fee for additional supported networked devices type III & IV: $90 • Annual inflationary (Consumer Price Index) increases
• The support fee for additions may change if the supported environment changes significantly • Additional charges may apply for the recovery of devices from virus infections if Client fails to follow IBE Digital’s reasonable security recommendations.
• Annual rates increase 8%
• Standard business hours are 8 A.M. – 5 P.M.
• Services provided outside business hours will be billed at “outside biz hours” rate Supplemental Services requested by the City, Shall be paid at the published hourly rates above. 4 Terms and Conditions of Service
By executing this Schedule of Services, Client agrees to purchase the services designated above and further agrees that the services shall be subject to the following Terms and Conditions of Service.

1. Fees and Payment: Client agrees to pay all fees specified in this Schedule. Payment terms are net 30 days from date of invoice.

Client shall be responsible for all applicable taxes arising from the services. IBE Digital may suspend service if Client has failed to pay any undisputed invoice within fifteen (15) days of the due date. Undisputed invoices not paid by the due date may be subject to a monthly service charge which is the lesser of one and one-half percent (1.5%) per month or the highest rate allowed by law.

2. Limited Warranty: (a) IBE Digital warrants for a period of thirty (30) days following delivery (the “Warranty Period”) that all services shall be performed in a professional manner in accordance with generally applicable industry standards. IBE Digital sole liability (and Client’s exclusive remedy) for any breach of this warranty shall be for IBE Digital to re-perform any deficient services, or, if IBE Digital is unable to remedy such deficiency within thirty (30) days, to void the invoice for the deficient services. IBE Digital shall have no obligation with respect to a warranty claim: (i) if notified of such claim after the Warranty Period or (ii) if the claim is the result of third-party hardware or software failures, or the actions of Client or a third party. (b) THIS SECTION 2 IS A LIMITED WARRANTY AND SETS FORTH THE ONLY WARRANTIES MADE BY IBE DIGITAL. ALL

COVERED MAKES NO OTHER WARRANTIES, CONDITIONS OR UNDERTAKINGS, EXPRESS OR IMPLIED, STATUTORY OR

OTHERWISE, INCLUDING BUT NOT LIMITED TO WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR NONINFRINGEMENT. ALL SOFTWARE AND HARDWARE PROVIDED OR INSTALLED BY IBE DIGITAL HEREUNDER ARE SUBJECT EXCLUSIVELY TO THE RESPECTIVE MANUFACTURER’S WARRANTY.

3. COMPENSATION FOR HIRING OTHER PARTY’S EMPLOYEES: During the term of this Schedule and for twelve (12) months thereafter, if either party retains the services (whether as an employee, independent contractor or otherwise) of any employee of the other party (or ex-employee within six (6) months of the employee’s termination of employment) who was directly involved in the provision of Services hereunder, the hiring party shall pay to the other party as reasonable compensation for the loss of the employee the sum of One Hundred Thousand Dollars ($100,000).

4. LIMITATION OF LIABILITY: (A) NEITHER PARTY SHALL BE LIABLE TO THE OTHER FOR ANY INDIRECT, INCIDENTAL, SPECIAL,

OR CONSEQUENTIAL DAMAGES (INCLUDING, WITHOUT LIMITATION, DAMAGES FOR INTERRUPTION OF SERVICES, LOSS OF

BUSINESS, LOSS OF PROFITS, LOSS OF REVENUE, LOSS OF DATA, OR LOSS OR INCREASED EXPENSE OF USE), WHETHER IN

AN ACTION IN CONTRACT, WARRANTY, TORT (INCLUDING, WITHOUT LIMITATION, NEGLIGENCE), OR STRICT LIABILITY, EVEN IF THE PARTIES HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH LIABILITIES. IBE DIGITAL SHALL NOT BE RESPONSIBLE FOR PROBLEMS THAT OCCUR AS A RESULT OF THE USE OF ANY THIRD-PARTY SOFTWARE OR HARDWARE. (B). EXCEPT FOR GROSS NEGLIGENCE OR WILLFUL MISCONDUCT, IBE DIGITAL’S AND ITS SUBCONTRACTOR’S TOTAL AGGREGATE LIABILITY TO CLIENT

ARISING OUT OF SERVICES PERFORMED UNDER THIS SCHEDULE, REGARDLESS OF THE LEGAL THEORY UPON WHICH SUCH

LIABILITY MAY BE BASED, SHALL NOT EXCEED THE TOTAL PAYMENTS MADE BY CLIENT TO IBE DIGITAL FOR THE SERVICES IN

CITY OF SANTA FE SPRINGS
2024 IBE DIGITAL 4
QUESTION IN THE TWELVE (12) MONTH PERIOD IMMEDIATELY PRECEDING THE FIRST OCCURRENCE OF THE EVENT GIVING RISE TO SUCH LIABILITY.

5. Confidential and Proprietary Information: (a) Each party agrees that all know-how, business, technical and financial information it obtains (as a “Receiving Party”) from the disclosing party (as a “Disclosing Party”) constitute the confidential property of the Disclosing Party (“Confidential Information”), provided that it is identified as confidential at the time of disclosure or should be reasonably known by the Receiving Party to be Confidential Information due to the nature of the information disclosed and the circumstances surrounding the disclosure. Except as may be necessary to perform its obligations under this Schedule, the Receiving Party will hold in confidence and not use or disclose any of the Disclosing Party's Confidential Information. The Receiving Party’s nondisclosure obligation shall not apply to information that: (i) was known to it prior to receipt of the Confidential Information; (ii) is publicly available; (iii) is rightfully obtained by the Receiving Party from a third party; (iv) is independently developed by employees of the Receiving Party; or (v) is required to be disclosed pursuant to a regulation, law or court order. (b) Any templates, schematics, processes or technical documentation provided by IBE Digital shall be deemed Confidential Information and proprietary information of IBE Digital without any marking or further designation. Client may use such information solely for its own internal business purposes. IBE Digital shall retain all rights to the aforementioned, which shall be returned to IBE Digital upon termination of the applicable Schedule. (c) IBE Digital shall maintain the confidentiality of protected health information in its possession or under its control in accordance with the Health Insurance Portability and Accountability Act of 1996, as amended by the Health Information Technology for Economic and Clinical Health Act.

6. Independent Contractor: IBE Digital and Client shall at all times be independent contractors. There is no relationship of partnership, joint venture, employment, franchise or agency created hereby between the parties. Neither party shall have the power to bind the other or incur obligations on the other party’s behalf without the other party’s prior written consent.

7. Assignment: This Schedule may not be assigned by either party without the prior written consent of the other party, which consent shall not be unreasonably withheld or delayed. No consent shall be required where an assignment is made (i) pursuant to a merger or change of control or (ii) to an assignee of all or substantially all of the party’s assets. Any purported assignment in violation of this section shall be void.

8. Complete Understanding; Modification: This Schedule, as well as any applicable terms of service posted at www.allcovered.com/terms, shall constitute the full and complete understanding and agreement between Client and IBE Digital and supersedes all prior or contemporaneous negotiations, discussions or agreements, whether written or oral, between the parties regarding the subject matter contained herein. Any waiver, modification or amendment of any provision of this Schedule shall be effective only if in writing and signed by both parties.

9. Waiver and Severability: Waiver or failure by either party to exercise in any respect any right or obligation provided for in this Schedule shall not be deemed a waiver of any further right or obligation hereunder. If any provision of this Schedule is found by a court of competent jurisdiction to be unenforceable for any reason, the remainder of this Schedule shall continue in full force and effect.

10. Force Majeure: Neither party shall be liable to the other for any delay or failure to perform any obligation under this Schedule, except for a failure to pay fees, if the delay or failure is due to unforeseen events which are beyond the reasonable control of such party, such as strikes, blockade, war, terrorism, riots, natural disasters, power outages, and/or refusal of license by the government, insofar as such an event prevents or delays the affected party from fulfilling its obligations and such party is not able to prevent or remove the force majeure at reasonable cost.

11. Counterparts. This Schedule may be executed in any number of counterparts and each fully executed counterpart shall be deemed an original. The parties agree (a) that facsimile or electronic signature shall be accepted as original signatures; and (b) that the Schedule, or any document created pursuant to the Schedule, may be maintained in an electronic document storage and retrieval system, a copy of which shall be considered an original. In any legal proceeding relating to the Schedule, the parties waive their right to raise any defense based on the execution of the Schedule in counterparts or the delivery of such executed counterparts by copy, facsimile, or electronic delivery.

CITY OF SANTA FE SPRINGS
2024 IBE DIGITAL 5
By executing this Statement of Work, City of Santa Fe Springs agrees to purchase the services designated above subject to the preceding Terms and Conditions of Service. _____________________________________________________________________ City of Santa Fe Springs
Signature:
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Name: {{_es_signer1_fullname }}
Title: {{_es_signer1_title }}
Date: {{_es_signer1_date }}
_____________________________________________________________________ IBE Digital
Signature:
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Name: {{_es_signer2_fullname }}
Title: {{_es_signer2_title }}
Date: {{_es_signer2_date }}
_____________________________________________________________________ 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: Lana Dich, Director of Finance
SUBJECT: APPROVE PROFESSIONAL SERVICE AGREEMENT WITH INFOSEND, INC. FOR PRINT AND MAIL SERVICES FOR WATER UTILITY BILLING DATE: August 6, 2024

RECOMMENDATIONS
It is recommended that the City Council:
1) Authorize the City Manager to execute a two-year Water Utility billing services agreement with InfoSend, Inc. (InfoSend) for FY 2024-25 through FY 2026-27; and 2) Authorize the City Manager to approve extension options for FY 2027-28 through FY 2028-29 of the agreement, if needed.

FISCAL IMPACT
The pricing proposed is based on per unit. Units can vary by mailing and by customer and can include paper, printing, return envelopes and inserts. InfoSend's pricing will be fixed for the first year, with future price increases allowed to account for increases in the cost of materials, labor, and other overhead in subsequent contract years. Thus, the annual cost of this service, including postage, based on existing volume, is expected to increase due to material costs and the increase in the USPS postage rate. It is anticipated that each bill will cost, on average, $0.55-0.70 to print and mail, resulting in an estimated cost savings of 35% per bill ($0.37). This does not include other fees associated with the service, such as processing and redesigning.

If approved, this agreement will be effective through June 30, 2027. The annual budget allocations are as follows:
 Year 1 (Effective Date – June 30, 2025) $60,000
 Year 2 (July 1, 2025 – June 30, 2026) $63,000
 Year 3 (July 1, 2026 – June 30, 2027) $66,150
CITY COUNCIL AGENDA REPORT – MEETING OF August 6, 2024
Approve Professional Service Agreement With InfoSend, Inc. for Print and Mail Services for Water Utility Billing

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 Year 4 (July 1, 2027 – June 30, 2028) (Optional) $69,458  Year 5 (July 1, 2028 – June 30, 2029) (Optional) $72,930 Total Cost: $331,538
The budget for this expenditures includes five (5) percent annual increases in anticipation of the potential cost changes previously mentioned. The agreement includes extension options for years 4 and 5. It is request the City Manager’s authorization to approve twoyear extensions.

Expenses associated with this agreement will be charged to Account No. 50442500 – 542050 (Finance Administration - Contract Services).

BACKGROUND
The Department of Finance is responsible for preparing and mailing water utility billing to customers. Staff currently complete this process in-house. Approximately 5,000 bills are sent every month. This amount does not includes other correspondence, such as delinquency notices, final termination notices, and miscellaneous notices. While the current process works, it is very time-consuming. It requires approximately forty-five (45) hours of staff time per month to print and prepare all bills for mailing. This process can take even longer if there are errors or issues with the City's printer.

It should also be noted that printing requires a specialized, high-volume printer. This equipment costs significantly more than a normal printer and requires high maintenance and repair costs.

Staff is seeking an option to outsource the printing and mailing process. Doing so will reduce the workload of staff currently assigned this task and allow them to spend more time providing customer service. Additionally, the service will include e-bill capabilities, streamlining the process by eliminating the need for staff to send individual emails to customers who prefer electronic copies of their bills.

DISCUSSION
Staff request that the City Council authorize the City Manager to establish an agreement with InfoSend to print and mail water utility bills and correspondence to customers. Upon approval of the agreement, InfoSend will receive bills and correspondence from City staff via secure upload, print, and mail the bills on behalf of the City. Return mail, payments will continue to be received directly by the City. It is anticipated that that service will be in operation within sixty (60) days of executing the agreement.

InfoSend is a consultant based in Anaheim, CA that specializes in providing solutions for the public sector. They specifically offer data processing, printing, mailing, and payment services. In 2023, the City of Lincoln (CA) competed to identify a vendor to provide utility CITY COUNCIL AGENDA REPORT – MEETING OF August 6, 2024
Approve Professional Service Agreement With InfoSend, Inc. for Print and Mail Services for Water Utility Billing

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bill printing and mail services. InfoSend was the vendor selected through this process, and the City has the authority to use the associated agreement to procure its services.

The City can use the agreement above to procure the necessary services without engaging in the standard bidding process pursuant to Santa Fe Springs Municipal Code Section 34.18B, Purchase By Bidding Required Generally; Exceptions, which states:

Purchases of supplies, equipment, and services shall be made pursuant to the procedures set forth in this subchapter, except for the following:

Cooperative or piggyback purchasing, which may consist of the following:

Cooperative purchasing with other public agencies, and with nonprofit groups or organizations established by public entities, provided that a competitive bidding process is used.

Contracts with suppliers who have been awarded contracts by the state or other local agencies for the purchase of supplies, equipment, and services under a competitive bidding process.

InfoSend currently has a customer base that includes several cities and water districts.

Staff is confident they can provide satisfactory services to help improve the efficiency of the water billing process.

In the upcoming months, the City will be transitioning to a new water utility billing software to replace the current software, Reflections. It is anticipated that upon making a selection, the services of InfoSend will easily transition to the new software.

SUMMARY/NEXT STEPS
It is requested that the City Council authorize the City Manager to execute a multi-year agreement with InfoSend to print and mail water bills. Approving this agreement will help ensure that bills are sent to customers in a timely manner.

CITY COUNCIL AGENDA REPORT – MEETING OF August 6, 2024
Approve Professional Service Agreement With InfoSend, Inc. for Print and Mail Services for Water Utility Billing

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ATTACHMENTS
A. PSA – InfoSend
ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:

COOPERATIVE PURCHASE AGREEMENT
This Cooperative Purchase Agreement (“Agreement”) is entered into by and between InfoSend, Inc. having its main office at 4240 E. La Palma Ave, Anaheim, California 92807 (“InfoSend”) and the City of Santa Fe Springs, having its main office at 11710 Telegraph Road, Santa Fe Springs, CA 90670 (“Client”). Client and InfoSend are collectively referred to herein as the “parties” and individually as a “party.”

RECITALS
WHEREAS, on August 6, 2023, the City of Lincoln, a California entity, entered into an Master Service Agreement for Professional Consultant Services with InfoSend for Print, Mail, and Materials for Utility Billing and Customer Outreach (“Contract”); and
WHEREAS, pursuant to the Client’s procurement policy, the Client is authorized to utilize cooperative bidding contracting to utilize contracts awarded by other public agencies when it is in the Client’s best interest to do so; and
WHEREAS, Section 12.8 of the Contract entered into between InfoSend and the City of Lincoln allows such cooperative agreements (“piggybacking”); and WHEREAS, the Client desires to enter into a cooperative purchase agreement with InfoSend for Printing and Mailing of Utility Bills according to the same terms and conditions set forth in the Contract between InfoSend and the City of Lincoln, with the exception of pricing considerations and a required postage deposit reflected in Appendix A, below.

NOW, THEREFORE, the parties hereto agree as follows:

1. Recitals. The foregoing recitals are true and correct and are a part of this Agreement.

2. Effective Date. The “Effective Date” shall be the date upon which this Agreement is fully executed by all parties.

3. Term. The initial term of this Agreement shall commence on the effective date of this Agreement and continue for a period of three (3) years (“Initial Term”) from the effective date. This Agreement will automatically renew for successive two (2) year periods (“Renewal Terms”) unless either Client or InfoSend provides the other party with at least sixty (60) days’ written notice prior to the end of the current term indicating that such party elects not to automatically renew the term of this Agreement. The party giving non-renewal notice may indicate if it prefers for the contract to be terminated at the end of the current term or to continue on a month-tomonth basis, if mutually agreeable to both parties.

3. Incorporation by Reference. The Agreement For Professional Services Between the City of Lincoln signed and dated August 8, 2023, titled “Agreement for Professional Services.”, consisting of seventeen (17) pages and all documents incorporated by reference therein, and InfoSend’s pricing considerations in Appendix A, are hereby incorporated by reference and made a part of this Agreement.

City of Santa Fe Springs InfoSend, Inc.

Name: Rene Bobadilla Name:

Title: City Manager Title:

Signature: Signature:

Date: Date:

APPENDIX A – PRICING REVISION
Due to the City of Santa Fe Springs, having a lower monthly volume than the City of Lincoln, pricing is given in the fees below.

InfoSend Data Processing, Print and Mail Pricing
Document Production Summary
All Document Types: One 8.5” x 11” page, up to two color duplex (2/2), including InfoSend standard envelopes.

Pricing reflects an estimated volume of 4,000 documents a month, with an approximate 2 billing runs per month. $0.186 per single page
mail piece
Finished mail pieces are delivered to the USPS within one (1) business day. If samples (proofs) are requested then the mailing will be completed within one day of sample approval. File upload deadline for next-day mailing is 3:00PM local time at the production facility designated for your account. If samples are required then they must be approved by 5:30PM local time for the file to be mailed by the next business day.

The below provides the components of the summary price given above (shaded green) as well as additional and optional pricing. Pricing is based on “Client Volume Assumptions” listed above and excludes applicable sales tax.

Data Processing
Setup Fee - Express PDF Input Files WAIVED
Setup Fee – Data Only Input Files WAIVED
Document Re-Design Fee $0.00
Data Processing Fee (per document) $0.02
Printing and Mailing Service
All Document Types Printing and Mailing Fee per Page with up to 2/2 Ink $0.102 USPS Postage – A postage deposit will be required prior to starting service Pass-through Print Color Options (colors per side)* $0.112 for 3/1 to 4/1 printing $0.117 for 4/4 printing
Inline Insert Print Fee* (Paper stock pricing below in Materials section) $0.102 Black printing $0.117 Color printing
Batch Fee (per mailing batch under (200 mail pieces) $10.00 Excess Pages Handwork Surcharge (per mail piece) $0.35
Address Updates – per “hit” (address that get updated) $0.35 NCOA or $0.35 ACS *Prices assume normal ink/toner coverage for business documents. Flood coating the entire page in color or other types of extremely high coverage designs may cost more or not be technically feasible. Extremely high coverage designs can cause content to bleed through to the other side of the page or to cause the page to curl too much to work properly with high-speed mail inserting equipment.

Materials
Standard 8.5” x 11” Paper Stock (per sheet) $0.016
Standard Double Window Outgoing #10 Envelope $0.026
Standard Single Window Return #9 Envelope $0.022
Outgoing Flat Envelope – used for mail pieces with excess pages $0.17 Insert Services
InfoSend Produced Quoted based on specification
Envelope Messaging (Snipes) Quoted based on specification Electronic Inserts $0.02
Inserting Fee - Fee to insert an InfoSend produced or Client provided marketing or informational insert. Client provided (drop-shipped) inserts must be professionally packaged and ready for usage. If folding is required then additional fees apply based on folding requirements. Minimum fee is $0.01 per insert for folding. If inserts are not professionally packaged and damaged in shipment or require additional labor to prepare for inserting then additional fees can apply.

Per item fee assumes the insert will be included in all mail pieces. Selective inserting is available but requirements must be reviewed on a case-by-case basis to determine if additional fees will apply for setup and handling. $0.02 per insert
Optional Document Services
Print Image Archiving (Per Document Image), with included USPS mail tracking $0.02 - For 12 Months of Retention $0.03 - For 24 Months of Retention
$0.04 - For 36 Months of Retention
Print Image Archive API Monthly Support Fee $100.00
Professional Services Rate (per hour) $175
Returned Mail Handling $0.35 per reported returned mail piece Remit Tracking $100 monthly support fee
Also due to the City of Santa Fe Springs having a lower monthly volume than the City of Lincoln, regarding the postage deposit referred to on page 15 of the contract for City of Lincoln, a revised postage deposit shall be required as follows. 4,000 mail pieces per month x $0.545 x 2 = $4,360.00
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, Director of Finance and Administrative Services

SUBJECT: TREASURER’S REPORT OF INVESTMENTS FOR THE QUARTER ENDED JUNE 30, 2024
DATE: August 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 June 2024 amounted to $1,894,559.

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.

Mr. Richard Babbe, Senior Management Consultant with PFMAM, along with his staff, have also regularly provided an update, including a detailed review of the results of the CITY COUNCIL AGENDA REPORT – MEETING OF AUGUST 6, 2024
Treasurer’s Report of Investments for the Quarter Ended June 30, 2024

Page 2 of 4 ends

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 $481,812 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) at June 30, 2024 was 4.18%, increase from 3.92% 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 4.18% as of June 30, 2024. 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.

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 CITY COUNCIL AGENDA REPORT – MEETING OF AUGUST 6, 2024
Treasurer’s Report of Investments for the Quarter Ended June 30, 2024

Page 3 of 4 ends

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 June 30, 2024 was 0.89% vs. the benchmark’s total return of 0.82%; the City’s portfolio outperformed the benchmark by

0.07%. Since inception of the managed portfolio (January 2016) the total return for the City’s portfolio was 1.38% vs. the benchmark total return of 1.03% through June 30, 2024.

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 4.55% for the quarter while CAMP returned 5.48% and the MMF returned 4.76%. Interest earnings for the quarter amounted to $465,004, $788,576, and $159,167, 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 $ 134.5 million
Successor Agency Bond Fund 19.2 million
Bonds Reserves and Debt Service 13.3 million
Total Investments $ 167.0 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 AUGUST 6, 2024
Treasurer’s Report of Investments for the Quarter Ended June 30, 2024

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

PFMAM Managed Portfolio $ 70.5 million
LAIF 24.2 million
CAMP 59.0 million
MMF 23.2 million
Total Investments $176.9 million
PFMAM and Staff will continue to work with the City Council to review any proposed changes to the portfolio make-up.

ATTACHMENT(S):

A. Treasurer’s Report of Investments (Quarter Ended June 30, 2024) B. PFMAM Investment Performance Review (Quarter Ended June 30, 2024) 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) $ 70,497,041.96 $ 6,506,537.61 $ 5,534,993.52 $ 71,468,586.05 $ 70,519,025.05 $ 481,812.00 4.18% CALIFORNIA ASSET MANAGEMENT PROGRAM 64,666,823.14 34,219,304.52 40,100,210.33 58,785,917.33 58,785,917.33 788,575.67 5.48% LOCAL AGENCY INVESTMENT FUND 5,152,060.83 60,494.06 - 5,212,554.89 5,182,276.55 58,813.10 4.55% SUBTOTAL POOLED INVESTMENTS 140,315,925.93 40,786,336.19 45,635,203.85 135,467,058.27 134,487,218.93 1,329,200.77 SUCCESSOR AGENCY BOND FUNDS (2):

LOCAL AGENCY INVESTMENT FUND 19,072,562.55 203,785.60 - 19,276,348.15 19,164,376.99 406,191.05 4.55% SUCCESSOR AGENCY FUNDS:

LOCAL AGENCY INVESTMENT FUND 0.96 - - 0.96 0.95 - 4.55% 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 580,851.10 344,397.15 350,508.25 574,740.00 574,740.00 7,284.10 4.76% Successor Agency 12,454,800.03 149,783.40 12,604,583.43 12,604,583.43 149,783.40 4.76% Heritage Springs Assessment District 173,547.26 2,099.95 175,647.21 175,647.21 2,099.95 4.76% Subtotal First American Treasury Obligations Fund Class D 13,209,198.39 496,280.50 350,508.25 13,354,970.64 13,354,970.64 159,167.45 SUBTOTAL INVESTMENTS HELD BY FISCAL AGENT (U.S. BANK) 13,209,198.39 496,280.50 350,508.25 13,354,970.64 13,354,970.64 159,167.45 TOTAL INVESTMENTS $172,597,687.83 $ 41,486,402.29 $ 45,985,712.10 $ 168,098,378.02 $167,006,567.51 $1,894,559.27 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 JUNE 30, 2024
Investment Performance Review
For the Quarter Ended June 30, 2024
Client Management Team PFM Asset Management LLC
213 Market Street
Harrisburg, PA 17101-2141
717-232-2723
633 W 5th St., 25th Floor
Los Angeles, CA 90071
949-230-6896
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
Moniqe Spyke, Managing DirectorJames Sims, CFA, Managing DirectorRichard Babbe, CCM, Senior Managing Consultant © PFM Asset Management LLC pfmam.com |
Market Update
PFM Asset Management LLC
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended June 30, 2024
Market Update
© PFM Asset Management LLC | pfmam.com
Current Market Themes
▸ The U.S. economy is characterized by:
▹ Moderating economic growth following two quarters of exceptional strength ▹ Recent inflation prints resuming the path towards the Federal Reserve (Fed)’s 2% target ▹ Labor markets continuing to show strength while unemployment has ticked up modestly▹ Resilient consumer spending supported by wage growth that is outpacing inflation ▸ Federal Reserve pushes out rate cuts
▹ Fed revises expectations from 3 rate cuts in 2024 to 1 by year end following a lack of progress in the fight against inflation
▹ Market continues to expect 1 or 2 rate cuts in 2024▹ Fed officials note that the risks to its “dual mandate” of stable inflation and maximum employment are becoming more balanced
▸ Treasury yields increase in response to economic data over the quarter ▹ Yields on maturities between 2 and 10 years rose 13-20 basis points during the quarter ▹ The yield curve has now been inverted for 24 months, the longest period in history▹ Spreads across most sectors remain near multi-year tights and represent market expectations for a soft landing
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com |
1 Source: Bureau of Labor Statistics, Bureau of Economic Analysis, and Bloomberg. As of May 2024.

For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended June 30, 2024
Market Update
© PFM Asset Management LLC | pfmam.com
Fed’s Preferred Inflation Measure Shows Progress
May-24

3.4%
May-24

2.6%
1%2%3%4%5%6%7%
May-21 Nov-21 May-22 Nov-22 May-23 Nov-23 May-24
Core Inflation Measures
Year-Over-Year Changes
Core CPI Core PCE
Core CPI and PCE
strips out the volatile
food and energy
components.

Federal Reserve Inflation Target
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com |
2 Source: Bloomberg, Bureau of Labor Statistics. Monthly change in nonfarm payrolls and unemployment rate as of June 2024. Data is seasonally adjusted (left). Worker demand gap as of May 2024. Prepandemic average from February 2016 – February 2020 (right).

For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended June 30, 2024
Market Update
© PFM Asset Management LLC | pfmam.com
Labor Market Moves Into Better Balance
240
184
210
246
165
182
290
256
236
310
108
218
206
0 50
100150200250300350400
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24
Apr-24
May-24
Jun-24
Thousands
Monthly Change In
Nonfarm Payrolls
Revised
lower by
combined
111K
Jun-24

4.1%
3%4%5%6%7%
2021 2022 2023 2024
Unemployment Rate

1.22 0

0.5 1

1.5 2

2.5 May-18 May-20 May-22 May-24
Worker-Demand Gap
May 2018 - May 2024
Pre-Pandemic Average
Number of Jobs
Available Per
Unemployed Person
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com |
3 Economic Incentive to Switch Jobs is Declining
Source: Bloomberg, Federal Reserve Bank of Atlanta as of March 2024. © 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 June 30, 2024
Market Update

5.6 %

4.9%

7.7%

5. 6
%
2%3%4%5%6%7%8%
2015 2017 2019 2021 2023
Wage Growth
12-month moving average
Job Stayer Job Switcher
Rebalancing of labor market
has reduced employers’
need to pay workers more to
switch jobs
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com |
4 The Consumer Moderates But Remains Well
Positioned Given Strong Wage Growth
Source: Bloomberg, U.S. Census Bureau, Bureau of Economic Analysis as of May 2024 (left). Bloomberg, U.S. Census Bureau as of May 2024 (right). © 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 June 30, 2024
Market Update
-10%
-5%
0%5%
10%15%20%25%30%35%
2019 2020 2021 2022 2023
Percentage Change in Earnings and
Inflation
CPI Wages and Salaries
$400$450$500$550$600$650$700$750
2020 2021 2022 2023 2024
Billions
Retail Sales (Monthly)
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com |
5 5.1%

4.1%

3.1% 2.8%
0%1%
2%
3%4%5%6%
2024 2025 2026 Longer
Run
Federal Funds Rate
March Projections June Projections

2.6% 2.3% 2.0% 2.0%
0%1%
2%
3%4%5%6%
2024 2025 2026 Longer
Run
PCE Inflation
March Projections June Projections

2.1% 2.0% 2.0% 1.8%
0%1%
2%
3%4%
2024 2025 2026 Longer
Run
Change in Real GDP
March Projections June Projections
Fed’s Updated June Projections Reflect
Stable Economic Expectations for 2024
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
Source: Federal Reserve, latest economic projections as of June 2024.

For the Quarter Ended June 30, 2024
Market Update

4.0% 4.2% 4.1% 4.2%
0%1%
2%
3%4%5%6%
2024 2025 2026 Longer
Run
Unemployment Rate
March Projections June Projections
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com |
6 Treasury Yields Move Higher as Market Evolves to Revised Fed Expectations 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
Source: Bloomberg, as of 6/30/2024.

For the Quarter Ended June 30, 2024
Market Update

5.35%

4.75%

4.38% 4.37% 4.40% 4.56%

0.00%1.00%2.00%3.00%4.00%5.00%6.00%
Yield
Maturity
U.S. Treasury Yield Curve
1 Year RangeJune 30, 2024March 31, 2024
3mo 2yr 5yr 7yr 10yr 30yr
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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
Source: ICE BofA 1-5 year Indices via Bloomberg, MarketAxess and PFMAM as of June 30, 2024. Spreads on ABS and MBS are option-adjusted spreads of 0-5 year indices based on weighted averagelife; spreads on agencies are relative to comparable maturity Treasuries.

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

For the Quarter Ended June 30, 2024
Market Update
-0.1%

0.0%0.1%0.2%
Mar-24 Apr-24 May-24 Jun-24
Federal Agency Yield Spreads
Bullet Callable 1 Year Average
4 bps

0.3%0.5%0.7%0.9%
Mar-24 Apr-24 May-24 Jun-24
Corporate Notes A-AAA Yield Spreads
1-5 Yr. AAA-A Corp 1 Year Average
68 bps

0.3%0.5%0.7%0.9%
Mar-24 Apr-24 May-24 Jun-24
Mortgage-Backed Securities Yield Spreads
Agency MBS Agency CMBS Index 1 Year Average
53 bps

0.3%0.5%0.7%0.9%
Mar-24 Apr-24 May-24 Jun-24
Asset-Backed Securities AAA Yield Spreads
AAA ABS 1 Year Average
69 bps
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com |
8 Fixed-Income Index Total Returns in 2Q 2024
1-5 Year Indices
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
Source: ICE BofA Indices. ABS indices are 0-5 year, based on weighted average life. As of June 30, 2024.

For the Quarter Ended June 30, 2024
Market Update

0.82%

0.97%

1.18%

0.97%

1.10%

0.0%0.5%1.0%1.5%
U.S. Treasury
Agency
ABS
Corp A-AAA
Corp BBB
Second Quarter 2024 Returns

4.16%

4.70%

5.85%

3.94%

6.76%

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 June 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com |
9 Factors to Consider for 6-12 Months
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 June 30, 2024
Market Update
Current outlook Outlook one quarter ago Negative Slightly Negative Neutral Slightly Positive Positive Statements and opinions expressed about the next 6-12 months were developed based on our independent research with information obtained from Bloomberg and FactSet. The views expressed within this material constitute the perspective and judgment of PFM Asset Management LLC at the time of distribution (6/30/2024) and are subject to change. Information is obtained from sources generally believed to be reliable and available to the public; however, PFM Asset Management LLC cannot guarantee its accuracy, completeness, or suitability.

Monetary Policy (Global):• The Fed remains data dependent. Recent Fed guidance has been revised from three rate cuts to one rate cut in 2024. Markets currently expect one or two cuts. • Globally, major central banks have begun
easing cycle with rate cuts leading to divergence from Fed policy.

Economic Growth (Global):• U.S. economic growth remains resilient but there has been some softness recently as consumer spending tapers. • Economic growth outside U.S. remain mixed
with slower but improved growth projected in Eurozone and continued growth projected in emerging markets.

Inflation (U.S.): • The latest inflation reading has revived market confidence that inflation is heading in the right direction after experiencing broad disinflation across both goods and services. • Despite the progress on inflation, policymakers
would like more data to confirm the downward trend.

Financial Conditions (U.S.):• Market measures, such as narrow corporate yield spreads, record equity index levels and low volatility, reflect economic confidence. • With interest rates elevated and the gradual
normalization of labor markets and the consumer, we continue to focus on identifying potential catalysts for a broader slow down.

Consumer Spending (U.S.): • The consumer has begun to exercise caution and limit spending, which has shed light on a notable downshift over recent months. • Moderation in the pace of overall spending is
expected to continue given persistent inflation, reduced/lower savings, and a cooling job market.

Labor Markets:• The labor market normalization has begun.

After the pandemic-led jolt, the labor force
participation rate and non-farm payrolls have moved to be in line with long-term averages. • With the quits rate and excess demand for
workers reaching a better balance, this should help cool wage pressures and inflation.

City of Santa Fe Springs
For the Quarter Ended June 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com |
10 © PFM Asset Management LLC pfmam.com |
Portfolio Review
© PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
Portfolio Snapshot
|
Total market value includes accrued interest and balances invested in CAMP, as of June 30, 2024.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. Credit Quality - S&P
8%
24%
36%
22%
11%
5%
34%
26%
23%
12%
0%
10%20%30%40%
0-1 Yr 1-2 Yrs 2-3 Yrs 3-4 Yrs 4-5 Yrs
Portfolio Benchmark
Duration Distribution
U.S. Treasury | 42%Corporate | 23%
ABS | 16%Agency CMBS | 16%
Negotiable CD | 2%Municipal | 1%Supranational | <1%Joint Powers Authority | <1% Sector Allocation
AAA | 12%AAAm | <1%AA+ | 58%AA | 1%AA- | 3%A+ | 8%A | 7%A- | 5% BBB+ | 1%Not Rated | 5%
Portfolio Statistics
Portfolio Effective Duration 2.51 years
Benchmark Effective Duration 2.52 yearsPortfolio Credit Quality AA Yield At Market 4.80%
Yield At Cost 4.18%
Total Market Value $71,038,422.70
Managed Account Sub-Total $70,513,666.29Pool $5,358.76
Accrued Interest $519,397.65
Portfolio Snapshot¹
11 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
Account Summary
|

0.0%

15.5%

23.3%

2.4%

1.3%

0.4%

15.4%

41.7%

0.0% 20.0% 40.0% 60.0% 80.0% 100.0%
Joint Powers Authority - $5,359
ABS - $11,041,505
Corporate - $16,521,298
Negotiable CD - $1,727,695
Municipal - $915,082
Supranational - $264,244
Agency CMBS - $10,952,483
U.S. Treasury - $29,610,757
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. 12 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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 June 30, 2024, 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
13 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
Portfolio Activity
|
Net Activity by Sector
($ millions)
Federal AgencyU.S. Treasury
Corporate
ABS
Agency CMBS
Federal Agency
U.S. Treasury
Corporate
ABS
Agency CMBS
($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 $953,286ABS $515,373
Corporate $389,408U.S. Treasury $322,284Federal Agency ($1,678,340)Total Net Activity $502,010 Sales/Maturities Purchases
Portfolio Activity
14 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
Portfolio Characteristics
|
Only includes fixed-income securities held within the separately managed account(s) and LGIPs managed by PFMAM. 41%
2%
14%
1% 2%
23%15%
Mar-24
42%16%
1% 2%
23%16%
Jun-24
Historical Sector Allocation
15 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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 $654,922 $2,347,966 $4,001,077 $5,298,133 $7,054,695 Change in Market Value ($29,198) $866,062 ($2,072,690) ($510,130) $10,999,470 Total Dollar Return $625,724 $3,214,028 $1,928,387 $4,788,003 $18,054,165 Total Return³
Portfolio 0.89% 4.73% 0.01% 1.14% 1.38%Benchmark⁴ 0.82% 4.16% -0.35% 0.76% 1.03% 3 Months 1 Year 3 Years 5 Years Since Inception
Difference 0.07% 0.57% 0.37% 0.38% 0.35%
16 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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 EarningsInterest Earned²Realized Gains / (Losses)³Change in Amortized CostTotal Earnings 3 Months
$654,922
($241,536)
$68,426
$481,812
1 Year
$2,347,966
($715,040)
$274,768
$1,907,694
3 Years
$4,001,077
($920,215)
$393,109
$3,473,971
5 Year
$5,298,133
($480,376)
$3,912,045$8,729,802
Since Inception¹
$7,054,695
($777,915)
$16,528,573
$22,805,353
Accrual Basis Earnings
17 Negative Slightly Negative Neutral Slightly Positive Current outlook Outlook one quarter ago Positive © 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 June 30, 2024
Market Update
Fixed-Income Sector Outlook – 3Q 2024
Sector Our Investment Preferences

C O M M E R C I A L P A 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 A T I O N A L S

C O R P O R A T 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 P A L S
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com |
18 © PFM Asset Management LLC | pfmam.com
Issuer Distribution
© PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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 41.7% UNITED STATES TREASURY 41.7% AA / Aaa / AA
Agency CMBS 15.4%
FANNIE MAE 1.8% AA / Aaa / AAFREDDIE MAC 13.6% 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 2.4%
CREDIT AGRICOLE SA 0.8% 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 23.3%
ADOBE INC 0.3% A / A / NRAIR PRODUCTS & CHEMICALS 0.5% A / A / NRAMERICAN EXPRESS CO 0.1% BBB / A / AAMERICAN HONDA FINANCE 0.6% A / A / AAPPLE INC 0.3% AA / Aaa / NRASTRAZENECA PLC 0.2% A / A / A BANK OF AMERICA CO 0.9% A / Aa / AABMW FINANCIAL SERVICES NA LLC 0.7% A / A / NR Security Type / Issuer Market Value (%) S&P / Moody's / FitchCorporate 23.3% BP PLC 0.5% A / A / ABRISTOL-MYERS SQUIBB CO 0.1% A / A / NR BURLINGTON NORTHERN SANTA FE 0.2% AA / A / NRCINTAS CORPORATION NO. 2 0.1% A / A / NRCISCO SYSTEMS INC 0.4% AA / A / NRCITIGROUP INC 0.8% A / A / ACOMMONWEALTH BANK OF AUSTRALIA 0.7% AA / Aa / AADEERE & COMPANY 0.6% A / A / AELI LILLY & CO 0.4% A / A / NRGENERAL 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 / AHORMEL FOODS CORP 0.2% A / A / NRHSBC HOLDINGS PLC 0.4% A / A / AIBM CORP 0.3% A / A / AINTEL CORPORATION 0.3% A / A / BBBJP MORGAN CHASE & CO 1.2% A / Aa / AALINDE PLC 0.3% A / A / NRMercedes-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

0.7% A / A / A
NESTLE SA 0.2% AA / Aa / NRNORTHERN TRUST 0.2% A / A / A 19 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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 23.3% PACCAR FINANCIAL CORP 0.6% A / A / NRPEPSICO INC 0.5% A / A / NRPNC FINANCIAL SERVICES GROUP 0.2% A / A / ARABOBANK NEDERLAND 0.5% A / Aa / AA ROCHE HOLDINGS INC 0.4% AA / Aa / AASTATE STREET CORPORATION 1.1% A / A / AA TARGET CORP 0.3% A / A / ATEXAS INSTRUMENTS INC 0.6% A / Aa / NRTHE BANK OF NEW YORK MELLONCORPORATION

0.8% A / A / AA
TOYOTA MOTOR CORP 0.5% A / A / ATRUIST FIN CORP 0.3% A / Baa / AUNITEDHEALTH GROUP INC 0.3% A / A / AUSAA CAPITAL CORP 0.6% AA / Aa / NRWELLS FARGO & COMPANY 1.3% A / Aa / AA ABS 15.5%
ALLY AUTO RECEIVABLES TRUST 0.4% NR / Aaa / AAA
AMERICAN EXPRESS CO 1.2% AAA / NR / AAA
BANK OF AMERICA CO 1.6% AAA / Aaa / AAABMW VEHICLE OWNER TRUST 0.2% AAA / NR / AAACAPITAL ONE FINANCIAL CORP 1.1% AAA / Aaa / AAACARMAX AUTO OWNER TRUST 0.4% AAA / Aaa / AAACHASE ISSURANCE 0.7% AAA / NR / AAADISCOVER FINANCIAL SERVICES 1.0% 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 15.5%

GM FINANCIAL CONSUMER AUTOMOBILETRUST

0.9% AAA / Aaa / AAA
HARLEY-DAVIDSON MOTORCYCLE TRUST 1.1% AAA / Aaa / AAAHONDA AUTO RECEIVABLES 0.2% NR / Aaa / AAAHYUNDAI AUTO RECEIVABLES 1.3% AAA / NR / AAAKUBOTA CREDIT OWNER TRUST 1.4% NR / Aaa / AAAMERCEDES-BENZ AUTO RECEIVABLES 0.6% AAA / Aaa / AAATOYOTA MOTOR CORP 0.6% AAA / Aaa / AAAUSAA AUTO OWNER TRUST 0.7% AAA / Aaa / NRVOLKSWAGEN OF AMERICA 0.1% AAA / Aaa / NRWF CARD ISSUANCE TRUST 0.9% AAA / Aaa / AAAWORLD OMNI AUTO REC TRUST 0.1% AAA / NR / AAA Total 100.0%
20 © PFM Asset Management LLC | pfmam.com
Portfolio Transactions
© PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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)
BUY4/1/2024 4/4/2024 215,000.00 00724PAE9 ADOBE INC CORPORATE NOTES 4.85% 4/4/2027 214,892.50 4.87%4/15/2024 4/16/2024 1,250,000.00 91282CKG5 US TREASURY N/B NOTES 4.12% 3/31/2029 1,223,103.71 4.66%4/16/2024 4/23/2024 625,000.00 02582JKH2 AMXCA 2024-1 A 5.23% 4/16/2029 624,871.88 5.23%4/23/2024 4/30/2024 295,000.00 3137HCKV3 FHMS K520 A2 5.18% 3/1/2029 297,428.38 5.09%5/15/2024 5/17/2024 380,000.00 10373QBY5 BP CAP MARKETS AMERICA CORPORATE NOTES ( 5.01% 11/17/2027 380,000.00 5.02%5/23/2024 5/24/2024 825,000.00 91282CKG5 US TREASURY N/B NOTES 4.12% 3/31/2029 815,390.14 4.54%5/29/2024 6/3/2024 305,000.00 90327QD97 USAA CAPITAL CORP CORPORATE NOTES 5.25% 6/1/2027 304,118.55 5.36%6/5/2024 6/13/2024 675,000.00 3137HDJJ0 FHMS K522 A2 4.80% 5/1/2029 676,078.66 4.80%6/6/2024 6/7/2024 700,000.00 91282CKT7 US TREASURY N/B NOTES 4.50% 5/31/2029 707,000.90 4.29%6/10/2024 6/11/2024 500,000.00 91282CKT7 US TREASURY N/B NOTES 4.50% 5/31/2029 501,184.04 4.48%6/18/2024 6/25/2024 235,000.00 50117DAC0 KCOT 2024-2A A3 5.26% 11/15/2028 234,994.36 5.26% Total BUY 6,005,000.00 5,979,063.12 0.00
INTEREST4/1/2024 4/1/2024 150,000.00 05565ECA1 BMW US CAPITAL LLC (CALLABLE) CORP NOTES 3.45% 4/1/2027 2,587.504/1/2024 4/1/2024 110,000.00 12189LAV3 BURLINGTN NORTH SANTA FE CORP NOTES (CAL 3.00% 4/1/2025 1,650.004/1/2024 4/25/2024 150,000.00 3137BM7C4 FHMS K052 A1 3.30% 9/1/2025 413.504/1/2024 4/25/2024 450,000.00 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 994.87 21 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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)
INTEREST4/1/2024 4/25/2024 650,000.00 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 2,567.504/1/2024 4/25/2024 282,776.58 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 1,242.334/1/2024 4/25/2024 330,000.00 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 1,257.304/1/2024 4/25/2024 250,000.00 3137BN6G4 FHMS K053 A2 2.99% 12/1/2025 623.964/1/2024 4/25/2024 525,000.00 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 1,200.944/1/2024 4/25/2024 265,000.00 3137HBCF9 FHMS K512 A2 5.00% 11/1/2028 1,104.174/1/2024 4/25/2024 600,000.00 3137F1G44 FHLMC MULTIFAMILY STRUCTURED P 3.24% 4/1/2027 1,621.504/1/2024 4/25/2024 550,000.00 3136BQDE6 FNA 2023-M6 A2 4.19% 7/1/2028 1,920.424/1/2024 4/25/2024 170,495.27 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 383.904/1/2024 4/25/2024 650,000.00 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 2,518.754/1/2024 4/25/2024 325,000.00 3137BLMZ8 FHLMC SERIES K049 A2 3.01% 7/1/2025 815.214/1/2024 4/25/2024 255,311.39 3136AX7E9 FNA 2017-M12 A2 3.05% 6/1/2027 672.574/1/2024 4/25/2024 358,025.85 3136AY6X6 FNA 2017-M15 A2 2.96% 9/1/2027 912.644/1/2024 4/25/2024 235,000.00 3137HB3D4 FHMS K510 A2 5.06% 10/1/2028 992.684/1/2024 4/25/2024 450,000.00 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 1,818.754/1/2024 4/25/2024 360,000.00 3137HB3G7 FHMS K511 A2 4.86% 10/1/2028 1,458.004/1/2024 4/25/2024 700,000.00 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,811.08 22 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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)
INTEREST4/1/2024 4/25/2024 700,000.00 3137BVZ82 FHMS K063 A2 3.43% 1/1/2027 2,000.834/1/2024 4/25/2024 500,000.00 3137H14B9 FHMS K743 A2 1.77% 5/1/2028 737.504/1/2024 4/25/2024 300,000.00 3137BRQJ7 FHMS K057 A2 2.57% 7/1/2026 642.504/1/2024 4/25/2024 238,230.79 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 664.474/1/2024 4/25/2024 300,000.00 3137BKRJ1 FHMS K047 A2 3.32% 5/1/2025 832.254/1/2024 4/25/2024 400,000.00 3137FNWX4 FHMS K736 A2 2.28% 7/1/2026 760.674/1/2024 4/25/2024 250,000.00 3137BMTX4 FHMS K052 A2 3.15% 11/1/2025 656.464/15/2024 4/15/2024 265,000.00 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 1,150.544/15/2024 4/15/2024 170,000.00 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 378.254/15/2024 4/15/2024 55,000.00 539830BU2 LOCKHEED MARTIN CORP NOTES (CALLABLE) 4.95% 10/15/2025 1,361.254/15/2024 4/15/2024 6,024.31 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 1.714/15/2024 4/15/2024 175,000.00 500945AC4 KCOT 2023-2A A3 5.28% 1/18/2028 770.004/15/2024 4/15/2024 520,000.00 90291VAC4 USAOT 2023-A A3 5.58% 5/15/2028 2,418.004/15/2024 4/15/2024 185,000.00 44933DAD3 HART 2022-C A3 5.39% 6/15/2027 830.964/15/2024 4/15/2024 125,218.27 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 319.314/15/2024 4/15/2024 250,000.00 02007WAC2 ALLYA 2023-1 A3 5.46% 5/15/2028 1,137.504/15/2024 4/15/2024 270,000.00 891941AD8 TAOT 2023-B A3 4.71% 2/15/2028 1,059.75 23 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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)
INTEREST4/15/2024 4/15/2024 455,000.00 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,869.294/15/2024 4/15/2024 66,829.14 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 45.114/15/2024 4/15/2024 255,000.00 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 1,034.874/15/2024 4/15/2024 55,886.78 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 33.074/15/2024 4/15/2024 130,000.00 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 600.174/15/2024 4/15/2024 650,000.00 92970QAA3 WFCIT 2024-A1 A 4.94% 2/15/2029 3,924.564/15/2024 4/15/2024 195,000.00 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 867.754/15/2024 4/15/2024 95,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 45.924/15/2024 4/15/2024 140,000.00 44933XAD9 HART 2023-B A3 5.48% 4/17/2028 639.334/15/2024 4/15/2024 71,854.83 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 32.934/15/2024 4/15/2024 5,726.62 14316HAC6 CARMX 2020-4 A3 0.50% 8/15/2025 2.394/15/2024 4/15/2024 240,000.00 50117KAC4 KCOT 2023-1A A3 5.02% 6/15/2027 1,004.004/15/2024 4/15/2024 200,000.00 44918CAD4 HART 2023-C A3 5.54% 10/16/2028 923.334/15/2024 4/15/2024 235,000.00 06428AAC2 BAAT 2023-1A A3 5.53% 2/15/2028 1,082.964/15/2024 4/15/2024 195,000.00 50117BAC4 KCOT 2024-1A A3 5.19% 7/17/2028 843.384/15/2024 4/15/2024 200,000.00 344930AD4 FORDO 2023-B A3 5.23% 5/15/2028 871.674/15/2024 4/15/2024 39,914.89 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 24.61 24 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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)
INTEREST4/15/2024 4/15/2024 135,000.00 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 507.374/15/2024 4/15/2024 225,000.00 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 808.134/15/2024 4/15/2024 230,000.00 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 918.084/15/2024 4/15/2024 460,000.00 06054YAC1 BAAT 2023-2A A3 5.74% 6/15/2028 2,200.334/15/2024 4/15/2024 250,000.00 91282CGV7 US TREASURY NOTES 3.75% 4/15/2026 4,687.504/15/2024 4/15/2024 465,000.00 41285YAC9 HDMOT 2023-B A3 5.69% 8/15/2028 2,204.884/15/2024 4/15/2024 180,000.00 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 697.504/15/2024 4/15/2024 31,040.41 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 13.454/15/2024 4/15/2024 230,000.00 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 967.924/15/2024 4/15/2024 475,000.00 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 2,188.964/15/2024 4/15/2024 55,749.34 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 35.774/15/2024 4/15/2024 415,000.00 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,528.584/15/2024 4/15/2024 325,000.00 14041NFZ9 COMET 2022-A1 A1 2.80% 3/15/2027 758.334/15/2024 4/15/2024 520,000.00 161571HV9 CHAIT 2024-A1 A 4.60% 1/15/2027 1,993.334/15/2024 4/15/2024 61,061.14 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 28.504/15/2024 4/15/2024 11,038.01 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 3.504/15/2024 4/15/2024 220,000.00 448979AD6 HART 2023-A A3 4.58% 4/15/2027 839.67 25 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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)
INTEREST4/15/2024 4/15/2024 230,000.00 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 954.504/15/2024 4/15/2024 148,170.64 448977AD0 HART 2022-A A3 2.22% 10/15/2026 274.124/16/2024 4/16/2024 140,000.00 36267KAD9 GMCAR 2023-3 A3 5.45% 6/16/2028 635.834/16/2024 4/16/2024 51,496.68 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 54.074/16/2024 4/16/2024 46,737.06 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 26.484/16/2024 4/16/2024 180,000.00 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 670.504/16/2024 4/16/2024 215,000.00 379930AD2 GMCAR 2023-4 A3 5.78% 8/16/2028 1,035.584/20/2024 4/20/2024 64,405.92 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 54.744/21/2024 4/21/2024 115,000.00 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 543.384/24/2024 4/24/2024 110,000.00 06406RAL1 BANK OF NY MELLON CORP 2.10% 10/24/2024 1,155.004/24/2024 4/24/2024 115,000.00 06406RAN7 BANK OF NY MELLON (CALLABLE) CORP NOTES 1.60% 4/24/2025 920.004/24/2024 4/24/2024 225,000.00 06051GJK6 BANK OF AMERICA CORP (CALLABLE) CORPORAT 1.19% 10/24/2026 1,346.634/25/2024 4/25/2024 115,000.00 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 524.214/26/2024 4/26/2024 100,000.00 46647PCZ7 JPMORGAN CHASE & CO (CALLABLE) CORPORATE 4.08% 4/26/2026 2,040.004/26/2024 4/26/2024 325,000.00 06406RBQ9 BANK OF NY MELLON CORP NOTES (CALLABLE) 4.94% 4/26/2027 8,038.884/28/2024 4/28/2024 110,000.00 89788MAJ1 TRUIST FINANCIAL CORP NOTES (CALLABLE) 5.90% 10/28/2026 3,245.004/28/2024 4/28/2024 105,000.00 693475BH7 PNC FINANCIAL SERVICES CORP NOTE (CALLAB 5.67% 10/28/2025 2,977.28 26 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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)
INTEREST4/30/2024 4/30/2024 30,000.00 63743HFF4 NATIONAL RURAL UTIL COOP CORPORATE NOTES 5.45% 10/30/2025 817.504/30/2024 4/30/2024 500,000.00 91282CDG3 US TREASURY NOTES 1.12% 10/31/2026 2,812.504/30/2024 4/30/2024 325,000.00 91282CEN7 US TREASURY NOTES 2.75% 4/30/2027 4,468.755/1/2024 5/1/2024 70,000.00 17252MAP5 CINTAS CORPORATION NO. 2 CORP NOTE (CALL 3.45% 5/1/2025 1,207.505/1/2024 5/1/2024 250,000.00 46647PAF3 JPMORGAN CHASE & CORP NOTES (CALLABLE) 3.54% 5/1/2028 4,425.005/1/2024 5/1/2024 150,000.00 90327QD89 USAA CAPITAL CORP CORPORATE NOTES 3.37% 5/1/2025 2,531.255/1/2024 5/25/2024 600,000.00 3137F1G44 FHLMC MULTIFAMILY STRUCTURED P 3.24% 4/1/2027 1,621.505/1/2024 5/25/2024 235,000.00 3137HB3D4 FHMS K510 A2 5.06% 10/1/2028 992.685/1/2024 5/25/2024 295,000.00 3137HCKV3 FHMS K520 A2 5.18% 3/1/2029 1,273.425/1/2024 5/25/2024 299,817.33 3137BKRJ1 FHMS K047 A2 3.32% 5/1/2025 831.745/1/2024 5/25/2024 250,000.00 3137BMTX4 FHMS K052 A2 3.15% 11/1/2025 656.465/1/2024 5/25/2024 237,776.66 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 663.205/1/2024 5/25/2024 450,000.00 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 994.875/1/2024 5/25/2024 550,000.00 3136BQDE6 FNA 2023-M6 A2 4.19% 7/1/2028 1,920.425/1/2024 5/25/2024 650,000.00 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 2,518.755/1/2024 5/25/2024 282,445.87 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 1,240.885/1/2024 5/25/2024 650,000.00 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 2,567.50 27 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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)
INTEREST5/1/2024 5/25/2024 150,000.00 3137BM7C4 FHMS K052 A1 3.30% 9/1/2025 413.505/1/2024 5/25/2024 324,900.87 3137BLMZ8 FHLMC SERIES K049 A2 3.01% 7/1/2025 814.965/1/2024 5/25/2024 255,069.51 3136AX7E9 FNA 2017-M12 A2 3.05% 6/1/2027 650.265/1/2024 5/25/2024 300,000.00 3137BRQJ7 FHMS K057 A2 2.57% 7/1/2026 642.505/1/2024 5/25/2024 400,000.00 3137FNWX4 FHMS K736 A2 2.28% 7/1/2026 760.675/1/2024 5/25/2024 158,339.28 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 356.535/1/2024 5/25/2024 360,000.00 3137HB3G7 FHMS K511 A2 4.86% 10/1/2028 1,458.005/1/2024 5/25/2024 265,000.00 3137HBCF9 FHMS K512 A2 5.00% 11/1/2028 1,104.175/1/2024 5/25/2024 700,000.00 3137BVZ82 FHMS K063 A2 3.43% 1/1/2027 2,000.835/1/2024 5/25/2024 500,000.00 3137H14B9 FHMS K743 A2 1.77% 5/1/2028 737.505/1/2024 5/25/2024 700,000.00 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,811.085/1/2024 5/25/2024 330,000.00 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 1,257.305/1/2024 5/25/2024 250,000.00 3137BN6G4 FHMS K053 A2 2.99% 12/1/2025 623.965/1/2024 5/25/2024 357,551.79 3136AY6X6 FNA 2017-M15 A2 2.96% 9/1/2027 882.035/1/2024 5/25/2024 450,000.00 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 1,818.755/1/2024 5/25/2024 525,000.00 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 1,200.945/3/2024 5/3/2024 325,000.00 65558UYF3 NORDEA BANK ABP NEW YORK CERT DEPOS 5.53% 11/3/2025 8,986.25 28 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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)
INTEREST5/4/2024 5/4/2024 325,000.00 427866BH0 HERSHEY COMPANY CORP NOTES CALLABLE 4.25% 5/4/2028 6,906.255/4/2024 5/4/2024 45,000.00 857477BX0 STATE STREET CORP NOTES (CALLABLE) 5.75% 11/4/2026 1,293.985/10/2024 5/10/2024 60,000.00 713448FW3 PEPSICO INC CORPORATE NOTES (CALLABLE) 5.12% 11/10/2026 1,537.505/10/2024 5/10/2024 150,000.00 665859AW4 NORTHERN TRUST CORP NOTE (CALLABLE) 4.00% 5/10/2027 3,000.005/11/2024 5/11/2024 250,000.00 037833CR9 APPLE INC CORP NOTES (CALLABLE) 3.20% 5/11/2027 4,000.005/13/2024 5/13/2024 255,000.00 771196CE0 ROCHE HOLDINGS INC CORP NOTE (CALLABLE) 5.26% 11/13/2026 6,712.885/13/2024 5/13/2024 115,000.00 63743HFK3 NATIONAL RURAL COOP CORPORATE NOTES (CAL 5.60% 11/13/2026 3,416.785/15/2024 5/15/2024 7,993.27 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 2.535/15/2024 5/15/2024 235,000.00 06428AAC2 BAAT 2023-1A A3 5.53% 2/15/2028 1,082.965/15/2024 5/15/2024 26,694.06 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 11.575/15/2024 5/15/2024 460,000.00 06054YAC1 BAAT 2023-2A A3 5.74% 6/15/2028 2,200.335/15/2024 5/15/2024 135,000.00 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 507.375/15/2024 5/15/2024 130,000.00 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 600.175/15/2024 5/15/2024 65,706.89 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 30.125/15/2024 5/15/2024 200,000.00 344930AD4 FORDO 2023-B A3 5.23% 5/15/2028 871.675/15/2024 5/15/2024 3,000,000.00 912828U24 US TREASURY NOTES 2.00% 11/15/2026 30,000.005/15/2024 5/15/2024 275,000.00 369550BC1 GENERAL DYNAMICS CORP NOTES (CALLABLE) 3.75% 5/15/2028 5,156.25 29 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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)
INTEREST5/15/2024 5/15/2024 195,000.00 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 867.755/15/2024 5/15/2024 230,000.00 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 954.505/15/2024 5/15/2024 35,852.23 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 22.115/15/2024 5/15/2024 50,993.72 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 30.175/15/2024 5/15/2024 95,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 45.925/15/2024 5/15/2024 220,000.00 448979AD6 HART 2023-A A3 4.58% 4/15/2027 839.675/15/2024 5/15/2024 250,000.00 91324PEC2 UNITEDHEALTH GROUP INC (CALLABLE) CORPOR 1.15% 5/15/2026 1,437.505/15/2024 5/15/2024 61,426.68 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 41.465/15/2024 5/15/2024 415,000.00 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,528.585/15/2024 5/15/2024 520,000.00 90291VAC4 USAOT 2023-A A3 5.58% 5/15/2028 2,418.005/15/2024 5/15/2024 240,000.00 50117KAC4 KCOT 2023-1A A3 5.02% 6/15/2027 1,004.005/15/2024 5/15/2024 180,000.00 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 697.505/15/2024 5/15/2024 230,000.00 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 967.925/15/2024 5/15/2024 520,000.00 161571HV9 CHAIT 2024-A1 A 4.60% 1/15/2027 1,993.335/15/2024 5/15/2024 265,000.00 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 1,150.545/15/2024 5/15/2024 255,000.00 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 1,034.875/15/2024 5/15/2024 325,000.00 14041NFZ9 COMET 2022-A1 A1 2.80% 3/15/2027 758.33 30 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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)
INTEREST5/15/2024 5/15/2024 650,000.00 92970QAA3 WFCIT 2024-A1 A 4.94% 2/15/2029 2,675.835/15/2024 5/15/2024 140,000.00 44933XAD9 HART 2023-B A3 5.48% 4/17/2028 639.335/15/2024 5/15/2024 54,399.41 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 25.395/15/2024 5/15/2024 175,000.00 500945AC4 KCOT 2023-2A A3 5.28% 1/18/2028 770.005/15/2024 5/15/2024 51,233.33 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 32.875/15/2024 5/15/2024 225,000.00 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 808.135/15/2024 5/15/2024 455,000.00 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,869.295/15/2024 5/15/2024 200,000.00 44918CAD4 HART 2023-C A3 5.54% 10/16/2028 923.335/15/2024 5/15/2024 230,000.00 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 918.085/15/2024 5/15/2024 185,000.00 44933DAD3 HART 2022-C A3 5.39% 6/15/2027 830.965/15/2024 5/15/2024 137,313.57 448977AD0 HART 2022-A A3 2.22% 10/15/2026 254.035/15/2024 5/15/2024 2,666.45 14316HAC6 CARMX 2020-4 A3 0.50% 8/15/2025 1.115/15/2024 5/15/2024 195,000.00 50117BAC4 KCOT 2024-1A A3 5.19% 7/17/2028 843.385/15/2024 5/15/2024 161,381.71 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 359.075/15/2024 5/15/2024 270,000.00 891941AD8 TAOT 2023-B A3 4.71% 2/15/2028 1,059.755/15/2024 5/15/2024 475,000.00 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 2,188.965/15/2024 5/15/2024 250,000.00 02007WAC2 ALLYA 2023-1 A3 5.46% 5/15/2028 1,137.50 31 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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)
INTEREST5/15/2024 5/15/2024 625,000.00 02582JKH2 AMXCA 2024-1 A 5.23% 4/16/2029 1,997.575/15/2024 5/15/2024 115,092.35 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 293.495/15/2024 5/15/2024 4,883.05 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 1.385/15/2024 5/15/2024 465,000.00 41285YAC9 HDMOT 2023-B A3 5.69% 8/15/2028 2,204.885/16/2024 5/16/2024 180,000.00 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 670.505/16/2024 5/16/2024 215,000.00 379930AD2 GMCAR 2023-4 A3 5.78% 8/16/2028 1,035.585/16/2024 5/16/2024 140,000.00 36267KAD9 GMCAR 2023-3 A3 5.45% 6/16/2028 635.835/16/2024 5/16/2024 47,615.44 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 50.005/16/2024 5/16/2024 43,054.71 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 24.405/20/2024 5/20/2024 58,404.01 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 49.645/21/2024 5/21/2024 115,000.00 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 543.385/25/2024 5/25/2024 115,000.00 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 524.215/31/2024 5/31/2024 300,000.00 91282CDK4 US TREASURY NOTES 1.25% 11/30/2026 1,875.005/31/2024 5/31/2024 215,000.00 91282CAZ4 US TREASURY NOTES 0.37% 11/30/2025 403.135/31/2024 5/31/2024 100,000.00 91282CCF6 US TREASURY NOTES 0.75% 5/31/2026 375.005/31/2024 5/31/2024 1,000,000.00 91282CHE4 US TREASURY NOTES 3.62% 5/31/2028 18,125.005/31/2024 5/31/2024 725,000.00 91282CET4 US TREASURY NOTES 2.62% 5/31/2027 9,515.63 32 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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)
INTEREST5/31/2024 5/31/2024 625,000.00 91282CFZ9 US TREASURY NOTES 3.87% 11/30/2027 12,109.386/1/2024 6/25/2024 250,000.00 3137BMTX4 FHMS K052 A2 3.15% 11/1/2025 656.466/1/2024 6/25/2024 500,000.00 3137H14B9 FHMS K743 A2 1.77% 5/1/2028 737.506/1/2024 6/25/2024 550,000.00 3136BQDE6 FNA 2023-M6 A2 4.19% 7/1/2028 1,920.426/1/2024 6/25/2024 700,000.00 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,811.086/1/2024 6/25/2024 282,024.68 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 1,239.036/1/2024 6/25/2024 400,000.00 3137FNWX4 FHMS K736 A2 2.28% 7/1/2026 760.676/1/2024 6/25/2024 300,000.00 3137BRQJ7 FHMS K057 A2 2.57% 7/1/2026 642.506/1/2024 6/25/2024 235,000.00 3137HB3D4 FHMS K510 A2 5.06% 10/1/2028 992.686/1/2024 6/25/2024 324,236.32 3137BLMZ8 FHLMC SERIES K049 A2 3.01% 7/1/2025 813.296/1/2024 6/25/2024 299,193.87 3137BKRJ1 FHMS K047 A2 3.32% 5/1/2025 830.016/1/2024 6/25/2024 650,000.00 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 2,518.756/1/2024 6/25/2024 600,000.00 3137F1G44 FHLMC MULTIFAMILY STRUCTURED P 3.24% 4/1/2027 1,621.506/1/2024 6/25/2024 450,000.00 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 994.876/1/2024 6/25/2024 525,000.00 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 1,200.946/1/2024 6/25/2024 237,292.22 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 661.856/1/2024 6/25/2024 150,000.00 3137BM7C4 FHMS K052 A1 3.30% 9/1/2025 413.50 33 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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)
INTEREST6/1/2024 6/25/2024 650,000.00 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 2,567.506/1/2024 6/25/2024 254,808.66 3136AX7E9 FNA 2017-M12 A2 3.05% 6/1/2027 671.256/1/2024 6/25/2024 250,000.00 3137BN6G4 FHMS K053 A2 2.99% 12/1/2025 623.966/1/2024 6/25/2024 360,000.00 3137HB3G7 FHMS K511 A2 4.86% 10/1/2028 1,458.006/1/2024 6/25/2024 330,000.00 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 1,257.306/1/2024 6/25/2024 295,000.00 3137HCKV3 FHMS K520 A2 5.18% 3/1/2029 1,273.426/1/2024 6/25/2024 158,084.66 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 355.956/1/2024 6/25/2024 700,000.00 3137BVZ82 FHMS K063 A2 3.43% 1/1/2027 2,000.836/1/2024 6/25/2024 265,000.00 3137HBCF9 FHMS K512 A2 5.00% 11/1/2028 1,104.176/1/2024 6/25/2024 357,042.71 3136AY6X6 FNA 2017-M15 A2 2.96% 9/1/2027 910.146/1/2024 6/25/2024 450,000.00 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 1,818.756/4/2024 6/4/2024 250,000.00 17325FBC1 CITIBANK NA CORP NOTES (CALLABLE) 5.48% 12/4/2026 6,860.006/5/2024 6/5/2024 225,000.00 53522KAB9 LINDE INC/CT CORPORATE NOTES (CALLABLE) 4.70% 12/5/2025 5,287.506/8/2024 6/8/2024 400,000.00 48125LRU8 JP MORGAN CORP NOTES (CALLABLE) 5.11% 12/8/2026 10,220.006/11/2024 6/11/2024 400,000.00 94988J6F9 WELLS FARGO CORP NOTES (CALLABLE) 5.25% 12/11/2026 10,508.006/15/2024 6/15/2024 230,000.00 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 954.506/15/2024 6/15/2024 520,000.00 90291VAC4 USAOT 2023-A A3 5.58% 5/15/2028 2,418.00 34 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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)
INTEREST6/15/2024 6/15/2024 140,000.00 44933XAD9 HART 2023-B A3 5.48% 4/17/2028 639.336/15/2024 6/15/2024 135,000.00 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 507.376/15/2024 6/15/2024 152,139.32 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 338.516/15/2024 6/15/2024 32,084.30 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 19.796/15/2024 6/15/2024 180,000.00 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 697.506/15/2024 6/15/2024 126,763.56 448977AD0 HART 2022-A A3 2.22% 10/15/2026 234.516/15/2024 6/15/2024 55,847.99 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 37.706/15/2024 6/15/2024 270,000.00 891941AD8 TAOT 2023-B A3 4.71% 2/15/2028 1,059.756/15/2024 6/15/2024 200,000.00 344930AD4 FORDO 2023-B A3 5.23% 5/15/2028 871.676/15/2024 6/15/2024 325,000.00 14041NFZ9 COMET 2022-A1 A1 2.80% 3/15/2027 758.336/15/2024 6/15/2024 30,000.00 63743HFE7 NATIONAL RURAL UTIL COOP CORPORATE NOTES 3.45% 6/15/2025 517.506/15/2024 6/15/2024 220,000.00 448979AD6 HART 2023-A A3 4.58% 4/15/2027 839.676/15/2024 6/15/2024 460,000.00 06054YAC1 BAAT 2023-2A A3 5.74% 6/15/2028 2,200.336/15/2024 6/15/2024 130,000.00 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 600.176/15/2024 6/15/2024 255,000.00 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 1,034.876/15/2024 6/15/2024 59,915.53 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 27.466/15/2024 6/15/2024 265,000.00 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 1,150.54 35 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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)
INTEREST6/15/2024 6/15/2024 459058KJ1 INTL BK RECON & DEVELOP NOTES 3.12% 6/15/2027 4,298.256/15/2024 6/15/2024 235,000.00 06428AAC2 BAAT 2023-1A A3 5.53% 2/15/2028 1,082.966/15/2024 6/15/2024 175,000.00 500945AC4 KCOT 2023-2A A3 5.28% 1/18/2028 770.006/15/2024 6/15/2024 455,000.00 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,869.296/15/2024 6/15/2024 250,000.00 02007WAC2 ALLYA 2023-1 A3 5.46% 5/15/2028 1,137.506/15/2024 6/15/2024 475,000.00 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 2,188.966/15/2024 6/15/2024 22,598.32 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 9.796/15/2024 6/15/2024 47,036.32 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 30.186/15/2024 6/15/2024 465,000.00 41285YAC9 HDMOT 2023-B A3 5.69% 8/15/2028 2,204.886/15/2024 6/15/2024 185,000.00 44933DAD3 HART 2022-C A3 5.39% 6/15/2027 830.966/15/2024 6/15/2024 520,000.00 161571HV9 CHAIT 2024-A1 A 4.60% 1/15/2027 1,993.336/15/2024 6/15/2024 105,893.62 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 270.036/15/2024 6/15/2024 5,116.27 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 1.626/15/2024 6/15/2024 230,000.00 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 918.086/15/2024 6/15/2024 195,000.00 50117BAC4 KCOT 2024-1A A3 5.19% 7/17/2028 843.386/15/2024 6/15/2024 625,000.00 02582JKH2 AMXCA 2024-1 A 5.23% 4/16/2029 2,723.966/15/2024 6/15/2024 47,821.63 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 22.32 36 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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)
INTEREST6/15/2024 6/15/2024 195,000.00 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 867.756/15/2024 6/15/2024 200,000.00 44918CAD4 HART 2023-C A3 5.54% 10/16/2028 923.336/15/2024 6/15/2024 415,000.00 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,528.586/15/2024 6/15/2024 240,000.00 50117KAC4 KCOT 2023-1A A3 5.02% 6/15/2027 1,004.006/15/2024 6/15/2024 230,000.00 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 967.926/15/2024 6/15/2024 3,818.32 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 1.086/15/2024 6/15/2024 46,220.67 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 27.356/15/2024 6/15/2024 650,000.00 92970QAA3 WFCIT 2024-A1 A 4.94% 2/15/2029 2,675.836/15/2024 6/15/2024 225,000.00 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 808.136/16/2024 6/16/2024 180,000.00 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 670.506/16/2024 6/16/2024 140,000.00 36267KAD9 GMCAR 2023-3 A3 5.45% 6/16/2028 635.836/16/2024 6/16/2024 215,000.00 379930AD2 GMCAR 2023-4 A3 5.78% 8/16/2028 1,035.586/16/2024 6/16/2024 39,382.36 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 22.326/16/2024 6/16/2024 43,991.35 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 46.196/20/2024 6/20/2024 52,257.74 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 44.426/21/2024 6/21/2024 115,000.00 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 543.386/25/2024 6/25/2024 115,000.00 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 524.21 37 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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)
INTEREST6/30/2024 6/30/2024 325,000.00 91282CDQ1 US TREASURY NOTES 1.25% 12/31/2026 2,031.256/30/2024 6/30/2024 1,600,000.00 91282CJR3 US TREASURY N/B NOTES 3.75% 12/31/2028 30,000.006/30/2024 6/30/2024 3,000,000.00 91282CGC9 US TREASURY NOTES 3.87% 12/31/2027 58,125.006/30/2024 6/30/2024 750,000.00 91282CEW7 US TREASURY NOTES 3.25% 6/30/2027 12,187.50 Total INTEREST 81,790,176.53 527,474.49 0.00
MATURITY5/1/2024 5/1/2024 125,000.00 172967MX6 CITIGROUP INC CORPORATE NOTES (CALLED,OM 0.98% 5/1/2024 125,613.136/1/2024 6/1/2024 135,000.00 46647PCH7 JPMORGAN CHASE CORP NOTES (CALLED, OMD 6 0.82% 6/1/2024 135,556.20 Total MATURITY 260,000.00 261,169.33 0.00
PAYDOWNS4/1/2024 4/25/2024 182.67 3137BKRJ1 FHMS K047 A2 3.32% 5/1/2025 182.674/1/2024 4/25/2024 241.88 3136AX7E9 FNA 2017-M12 A2 3.05% 6/1/2027 241.884/1/2024 4/25/2024 474.06 3136AY6X6 FNA 2017-M15 A2 2.96% 9/1/2027 474.064/1/2024 4/25/2024 12,155.99 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 12,155.994/1/2024 4/25/2024 330.71 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 330.714/1/2024 4/25/2024 99.13 3137BLMZ8 FHLMC SERIES K049 A2 3.01% 7/1/2025 99.134/1/2024 4/25/2024 454.13 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 454.13 38 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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)
PAYDOWNS4/15/2024 4/15/2024 4,893.06 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 4,893.064/15/2024 4/15/2024 5,402.46 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 5,402.464/15/2024 4/15/2024 8,618.29 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 8,618.294/15/2024 4/15/2024 4,346.35 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 4,346.354/15/2024 4/15/2024 3,060.17 14316HAC6 CARMX 2020-4 A3 0.50% 8/15/2025 3,060.174/15/2024 4/15/2024 4,516.01 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 4,516.014/15/2024 4/15/2024 6,147.94 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 6,147.944/15/2024 4/15/2024 4,062.66 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 4,062.664/15/2024 4/15/2024 3,044.74 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 3,044.744/15/2024 4/15/2024 10,857.07 448977AD0 HART 2022-A A3 2.22% 10/15/2026 10,857.074/15/2024 4/15/2024 10,125.92 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 10,125.924/15/2024 4/15/2024 6,661.73 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 6,661.734/15/2024 4/15/2024 1,141.26 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 1,141.264/16/2024 4/16/2024 3,682.35 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 3,682.354/16/2024 4/16/2024 3,881.24 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 3,881.244/20/2024 4/20/2024 6,001.91 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 6,001.915/1/2024 5/25/2024 664.55 3137BLMZ8 FHLMC SERIES K049 A2 3.01% 7/1/2025 664.55 39 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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)
PAYDOWNS5/1/2024 5/25/2024 623.46 3137BKRJ1 FHMS K047 A2 3.32% 5/1/2025 623.465/1/2024 5/25/2024 509.08 3136AY6X6 FNA 2017-M15 A2 2.96% 9/1/2027 509.085/1/2024 5/25/2024 260.85 3136AX7E9 FNA 2017-M12 A2 3.05% 6/1/2027 260.855/1/2024 5/25/2024 484.44 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 484.445/1/2024 5/25/2024 421.19 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 421.195/1/2024 5/25/2024 254.62 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 254.625/15/2024 5/15/2024 3,767.93 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 3,767.935/15/2024 5/15/2024 5,791.36 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 5,791.365/15/2024 5/15/2024 4,095.74 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 4,095.745/15/2024 5/15/2024 5,578.69 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 5,578.695/15/2024 5/15/2024 6,577.78 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 6,577.785/15/2024 5/15/2024 9,198.73 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 9,198.735/15/2024 5/15/2024 4,197.01 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 4,197.015/15/2024 5/15/2024 4,773.05 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 4,773.055/15/2024 5/15/2024 10,550.01 448977AD0 HART 2022-A A3 2.22% 10/15/2026 10,550.015/15/2024 5/15/2024 1,064.73 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 1,064.735/15/2024 5/15/2024 2,666.45 14316HAC6 CARMX 2020-4 A3 0.50% 8/15/2025 2,666.45 40 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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)
PAYDOWNS5/15/2024 5/15/2024 9,242.39 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 9,242.395/15/2024 5/15/2024 2,877.00 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 2,877.005/16/2024 5/16/2024 3,624.09 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 3,624.095/16/2024 5/16/2024 3,672.35 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 3,672.355/20/2024 5/20/2024 6,146.27 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 6,146.276/1/2024 6/25/2024 631.32 3137BLMZ8 FHLMC SERIES K049 A2 3.01% 7/1/2025 631.326/1/2024 6/25/2024 335.10 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 335.106/1/2024 6/25/2024 238.18 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 238.186/1/2024 6/25/2024 452.58 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 452.586/1/2024 6/25/2024 592.85 3137BKRJ1 FHMS K047 A2 3.32% 5/1/2025 592.846/1/2024 6/25/2024 570.29 3136AY6X6 FNA 2017-M15 A2 2.96% 9/1/2027 570.296/1/2024 6/25/2024 243.76 3136AX7E9 FNA 2017-M12 A2 3.05% 6/1/2027 243.766/15/2024 6/15/2024 4,589.91 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 4,589.916/15/2024 6/15/2024 3,733.52 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 3,733.526/15/2024 6/15/2024 9,491.04 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 9,491.046/15/2024 6/15/2024 4,211.07 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 4,211.076/15/2024 6/15/2024 2,864.23 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 2,864.23 41 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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)
PAYDOWNS6/15/2024 6/15/2024 8,996.39 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 8,996.396/15/2024 6/15/2024 10,483.09 448977AD0 HART 2022-A A3 2.22% 10/15/2026 10,483.096/15/2024 6/15/2024 1,118.74 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 1,118.746/15/2024 6/15/2024 5,984.70 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 5,984.706/15/2024 6/15/2024 5,401.47 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 5,401.476/15/2024 6/15/2024 4,000.37 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 4,000.376/15/2024 6/15/2024 6,592.16 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 6,592.166/16/2024 6/16/2024 3,805.21 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 3,805.216/16/2024 6/16/2024 3,601.00 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 3,601.006/20/2024 6/20/2024 5,941.86 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 5,941.86 Total PAYDOWNS 271,302.34 271,302.33 0.00
SELL4/2/2024 4/4/2024 125,000.00 91282CAB7 US TREASURY NOTES 0.25% 7/31/2025 117,652.61 -6,617.804/4/2024 4/4/2024 5,000.00 91282CAB7 US TREASURY NOTES 0.25% 7/31/2025 4,706.30 -264.524/15/2024 4/16/2024 325,000.00 91282CAJ0 US TREASURY NOTES 0.25% 8/31/2025 304,359.63 -19,459.224/15/2024 4/16/2024 395,000.00 3137EAEU9 FREDDIE MAC NOTES 0.37% 7/21/2025 372,609.59 -22,242.984/15/2024 4/16/2024 290,000.00 3135G03U5 FANNIE MAE NOTES 0.62% 4/22/2025 277,831.84 -12,922.69 42 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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)
SELL4/15/2024 4/16/2024 270,000.00 91282CAB7 US TREASURY NOTES 0.25% 7/31/2025 253,877.65 -14,610.764/17/2024 4/22/2024 375,000.00 91282CAJ0 US TREASURY NOTES 0.25% 8/31/2025 351,624.28 -22,045.864/22/2024 4/23/2024 25,000.00 91282CAT8 US TREASURY NOTES 0.25% 10/31/2025 23,289.82 -1,564.104/22/2024 4/23/2024 125,000.00 91282CAZ4 US TREASURY NOTES 0.37% 11/30/2025 116,284.34 -8,813.474/23/2024 4/23/2024 25,000.00 91282CAZ4 US TREASURY NOTES 0.37% 11/30/2025 23,259.80 -1,759.764/26/2024 4/29/2024 75,000.00 91282CAZ4 US TREASURY NOTES 0.37% 11/30/2025 69,795.72 -4,822.654/26/2024 4/29/2024 150,000.00 91282CAZ4 US TREASURY NOTES 0.37% 11/30/2025 139,591.44 -10,536.244/30/2024 4/30/2024 10,000.00 91282CAZ4 US TREASURY NOTES 0.37% 11/30/2025 9,301.12 -648.215/13/2024 5/15/2024 95,000.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 93,411.72 -1,578.725/17/2024 5/21/2024 25,000.00 194162AM5 COLGATE-PALMOLIVE CO CORPORATE NOTES 3.10% 8/15/2025 24,632.17 -565.095/23/2024 5/24/2024 795,000.00 3135G05X7 FANNIE MAE NOTES 0.37% 8/25/2025 749,857.58 -44,945.225/31/2024 6/3/2024 215,000.00 91282CAZ4 US TREASURY NOTES 0.37% 11/30/2025 200,771.26 -12,894.825/31/2024 6/3/2024 25,000.00 91282CBC4 US TREASURY NOTES 0.37% 12/31/2025 23,300.66 -1,707.656/6/2024 6/7/2024 450,000.00 91282CGE5 US TREASURY NOTES 3.87% 1/15/2026 450,113.19 -6,718.536/6/2024 6/7/2024 275,000.00 91282CBC4 US TREASURY NOTES 0.37% 12/31/2025 257,027.61 -18,077.546/10/2024 6/11/2024 45,000.00 63743HFC1 NATIONAL RURAL UTIL COOP CORPORATE NOTES 1.87% 2/7/2025 44,211.08 -1,079.256/10/2024 6/11/2024 225,000.00 91282CGE5 US TREASURY NOTES 3.87% 1/15/2026 224,704.16 -3,019.45 43 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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)
SELL6/10/2024 6/11/2024 55,000.00 539830BU2 LOCKHEED MARTIN CORP NOTES (CALLABLE) 4.95% 10/15/2025 55,202.40 -150.306/10/2024 6/11/2024 300,000.00 91282CGE5 US TREASURY NOTES 3.87% 1/15/2026 299,605.56 -5,076.976/10/2024 6/11/2024 295,000.00 3137EAEX3 FREDDIE MAC NOTES 0.37% 9/23/2025 278,041.19 -16,970.186/10/2024 6/11/2024 125,000.00 931142EW9 WALMART INC CORPORATE NOTES 3.90% 9/9/2025 124,388.33 -1,821.176/24/2024 6/25/2024 55,000.00 91282CGE5 US TREASURY NOTES 3.87% 1/15/2026 55,129.97 -622.59 Total SELL 5,175,000.00 4,944,581.02 -241,535.74
44 © PFM Asset Management LLC | pfmam.com
Portfolio Holdings
© PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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 01/15/2023 3.875% 01/15/2026
91282CGE5 1,720,000.00 AA+ Aaa 2/6/2023 2/7/2023 1,708,443.75 4.12 30,761.54 1,713,936.47 1,694,200.00 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 0.70 313.19 198,974.69 186,343.76 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 0.72 501.36 298,934.76 279,281.25 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 1,211.62 722,602.80 674,929.69 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 1,972.34 249,413.35 245,507.80 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 63.52 99,833.29 92,734.38 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 1,129.12 192,148.36 187,156.24 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 1.02 494.88 224,295.92 207,070.31 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 1.25 426.46 224,345.97 207,632.81 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 1.19 521.23 274,583.07 253,773.44 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 7,663.04 2,881,795.43 2,822,812.50 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 1.22 317.62 300,187.51 277,078.14 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 11.04 324,133.87 299,609.38 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 42,342.03 4,825,983.82 4,713,281.00 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 8,468.41 960,065.47 942,656.20 45 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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 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 3,770.49 596,034.36 568,687.50 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 1,505.77 322,665.37 309,613.27 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 3.07 833.76 370,494.15 355,664.06 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 2.95 778.18 346,970.73 331,953.13 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 66.24 737,943.21 723,750.00 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 2,051.31 623,102.53 613,085.94 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 3.61 315.90 3,025,224.56 2,942,812.50 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 29,230.77 1,990,754.07 1,936,875.00 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 22,728.26 1,686,219.65 1,673,968.75 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 3,070.36 982,219.50 971,562.50 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 4,940.92 423,763.82 428,585.94 US TREASURY N/B NOTESDTD 12/31/2023 3.750% 12/31/2028
91282CJR3 1,600,000.00 AA+ Aaa 1/4/2024 1/5/2024 1,584,062.50 3.97 163.04 1,585,490.86 1,559,500.00 US TREASURY N/B NOTESDTD 02/29/2024 4.250% 02/28/2029
91282CKD2 650,000.00 AA+ Aaa 3/19/2024 3/20/2024 648,121.09 4.32 9,233.36 648,217.17 647,156.25 US TREASURY N/B NOTESDTD 03/31/2024 4.125% 03/31/2029
91282CKG5 1,250,000.00 AA+ Aaa 4/15/2024 4/16/2024 1,220,849.61 4.66 12,961.07 1,221,942.08 1,237,500.00 US TREASURY N/B NOTESDTD 03/31/2024 4.125% 03/31/2029
91282CKG5 825,000.00 AA+ Aaa 5/23/2024 5/24/2024 810,369.14 4.54 8,554.30 810,650.01 816,750.00 US TREASURY N/B NOTESDTD 05/31/2024 4.500% 05/31/2029
91282CKT7 500,000.00 AA+ Aaa 6/10/2024 6/11/2024 500,507.81 4.48 1,905.74 500,502.81 503,437.50 46 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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 N/B NOTESDTD 05/31/2024 4.500% 05/31/2029
91282CKT7 700,000.00 AA+ Aaa 6/6/2024 6/7/2024 706,398.44 4.29 2,668.03 706,322.70 704,812.50 Security Type Sub-Total 30,520,000.00 29,841,263.12 3.64 200,974.90 30,069,752.36 29,409,781.74 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 3.14 381.94 274,913.90 263,862.50 Security Type Sub-Total 275,000.00 274,857.00 3.14 381.94 274,913.90 263,862.50 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 12,638.89 325,000.00 326,220.05 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 2,895.57 325,000.00 325,077.35 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 22,206.25 500,000.00 503,740.00 CREDIT AGRICOLE CIB NY CERTDEPOSDTD 02/05/2024 4.760% 02/01/2027 22536DWD6 525,000.00 A+ Aa3 2/1/2024 2/5/2024 525,000.00 4.76 10,204.25 525,000.00 524,712.83 Security Type Sub-Total 1,675,000.00 1,675,000.00 5.32 47,944.96 1,675,000.00 1,679,750.23 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 68,430.60 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 0.87 870.97 340,000.00 329,317.20 47 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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
Municipal
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 1,603.95 255,000.00 244,782.15 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 4,280.63 265,000.00 265,482.30 Security Type Sub-Total 930,000.00 930,000.00 2.14 7,069.50 930,000.00 908,012.25 Joint Powers Authority
CAMP Pool 5,358.76 AAAm NR 5,358.76 0.00 5,358.76 5,358.76 Security Type Sub-Total 5,358.76 5,358.76 0.00 5,358.76 5,358.76 Corporate
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 69,999.76 69,598.41 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 2.00 429.92 110,032.15 108,761.95 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 80,508.61 78,261.60 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 20,025.73 19,560.54 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 50,064.32 48,901.35

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 84,980.73 83,158.65 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 4,468.75 274,834.36 275,075.90 48 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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
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 1.07 825.00 111,112.62 108,032.65 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 1.01 342.44 115,493.19 111,596.81 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 69,995.72 68,879.23 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 3.49 843.75 149,860.77 147,540.15 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 29,997.52 29,415.78 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 4,106.67 240,000.00 236,615.76 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 1,816.67 149,980.20 147,895.80 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 34,994.91 34,466.67 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 1,042.05 105,000.00 104,617.28 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 29,982.16 30,007.02 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 4.74 763.75 224,884.26 223,458.53 NATIONAL AUSTRALIA BK/NYCORPORATE NOTESDTD 01/12/2023 4.966% 01/12/2026 63253QAA2 305,000.00 AA- Aa2 1/4/2023 1/12/2023 305,000.00 4.97 7,110.35 305,000.00 303,508.55 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 58,574.34 49 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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 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 49,686.05 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 73,175.18 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 0.81 462.18 140,044.33 135,381.96 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 5,145.29 294,907.41 293,029.11 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 98,023.30 COMMONWEALTH BK AUSTR NYCORPORATE NOTESDTD 03/13/2023 5.316% 03/13/2026 20271RAR1 500,000.00 AA- Aa2 3/6/2023 3/13/2023 500,000.00 5.32 7,974.00 500,000.00 501,871.00 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 64,974.63 64,063.48 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 63,864.00 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 3,937.01 349,863.71 346,680.25 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 1,466.62 200,967.38 195,570.80 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 98,616.40 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 1.19 367.36 249,836.93 232,255.25 50 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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

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 3,933.13 154,871.97 155,138.88 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 2,339.41 179,365.74 167,682.55 TRUIST FIN CORP NOTES (CALLABLE)DTD 07/28/2022 4.260% 07/28/2026 89788MAH5 105,000.00 A- Baa1 7/25/2022 7/28/2022 105,000.00 4.26 1,901.03 105,000.00 103,338.06 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 4,226.39 195,000.00 195,009.36 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 5,450.00 249,847.51 250,355.00 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 5,232.64 274,765.01 274,249.80 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 3,041.11 336,087.16 330,252.30 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 9,186.98 450,000.00 452,817.45 JOHN DEERE CAPITAL CORPCORPORATE NOTESDTD 09/08/2023 5.150% 09/08/2026 24422EXD6 300,000.00 A A1 9/5/2023 9/8/2023 299,787.00 5.18 4,849.58 299,841.50 300,261.30 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 1.68 501.24 222,586.92 211,913.78 TRUIST FINANCIAL CORP NOTES(CALLABLE)DTD 10/28/2022 5.900% 10/28/2026 89788MAJ1 110,000.00 A- Baa1 10/26/2022 10/28/2022 110,000.00 5.90 1,135.75 110,000.00 110,205.48 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 45,193.46 51 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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
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 59,987.06 60,230.28 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 5.61 858.67 114,967.99 116,021.89 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 1,790.10 255,000.00 256,367.57 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 1,029.00 250,000.00 251,085.75 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 1,305.89 400,000.00 399,619.20 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 1,167.56 400,000.00 400,170.40

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 2,823.26 237,616.41 233,862.00 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 44,960.93 41,853.15 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 1,393.71 154,716.14 144,160.85 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 39,526.20 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 4,292.50 199,997.44 198,342.60 TEXAS INSTRUMENTS CORP NOTES(CALLABLE)DTD 02/08/2024 4.600% 02/08/2027 882508CE2 310,000.00 A+ Aa3 2/5/2024 2/8/2024 309,801.60 4.62 5,664.39 309,826.23 307,741.34 52 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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
ELI LILLY & CO CORPORATE NOTESDTD 02/09/2024 4.500% 02/09/2027 532457CJ5 270,000.00 A+ A1 2/7/2024 2/9/2024 269,856.90 4.52 4,792.50 269,874.57 267,187.14 BRISTOL-MYERS SQUIBB CORPNOTES (CALLABLDTD 02/22/2024 4.900% 02/22/2027 110122EE4 95,000.00 A A2 2/14/2024 2/22/2024 94,897.40 4.94 1,668.04 94,908.84 94,944.14 CISCO SYSTEMS INC CORPORATENOTES (CALLADTD 02/26/2024 4.800% 02/26/2027 17275RBQ4 305,000.00 AA- A1 2/21/2024 2/26/2024 304,603.50 4.85 5,083.33 304,646.40 304,161.86

ASTRAZENECA FINANCE LLC CORP
NOTES (CALLDTD 02/26/2024 4.800% 02/26/2027
04636NAK9 175,000.00 A A2 2/21/2024 2/26/2024 174,706.00 4.86 2,916.67 174,737.80 174,533.63 JOHN DEERE CAPITAL CORPCORPORATE NOTESDTD 03/07/2022 2.350% 03/08/2027 24422EWD7 125,000.00 A A1 3/8/2022 3/10/2022 124,690.00 2.40 922.05 124,833.44 116,788.50 STATE STREET CORP NOTE(CALLABLE)DTD 03/18/2024 4.993% 03/18/2027 857477CL5 210,000.00 A A1 3/13/2024 3/18/2024 210,000.00 4.99 2,999.96 210,000.00 209,387.01 HORMEL FOODS CORP CORPORATENOTES (CALLADTD 03/08/2024 4.800% 03/30/2027 440452AK6 150,000.00 A- A1 3/5/2024 3/8/2024 149,854.50 4.83 2,260.00 149,868.43 149,110.35 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 1,293.75 150,260.77 143,853.15

ADOBE INC CORPORATE NOTES
DTD 04/04/2024 4.850% 04/04/2027
00724PAE9 215,000.00 A+ A1 4/1/2024 4/4/2024 214,892.50 4.87 2,519.98 214,900.56 215,058.05 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 2,902.93 325,000.00 322,539.10 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 3.74 850.00 150,988.99 146,524.80

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 1,111.11 248,589.85 239,487.75 USAA CAPITAL CORP CORPORATENOTESDTD 06/03/2024 5.250% 06/01/2027 90327QD97 305,000.00 AA Aa1 5/29/2024 6/3/2024 304,118.55 5.36 1,245.42 304,139.38 306,835.80 53 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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
INTEL CORP NOTES (CALLABLE)DTD 08/05/2022 3.750% 08/05/2027 458140BY5 225,000.00 A- A3 8/5/2022 8/9/2022 224,340.75 3.82 3,421.88 224,591.13 217,038.83 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 2,080.56 238,916.71 233,652.25 BP CAP MARKETS AMERICACORPORATE NOTES (DTD 05/17/2024 5.017% 11/17/2027 10373QBY5 380,000.00 A- A1 5/15/2024 5/17/2024 380,000.00 5.02 2,330.12 380,000.00 379,256.34 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 3,231.07 167,908.87 168,254.28 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 1,998.44 117,099.02 114,053.09 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 4,207.50 230,043.28 226,253.48 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 2,375.15 238,587.23 237,989.75 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 1,475.00 237,480.09 238,807.75 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 2,186.98 326,517.31 319,221.83 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 1,317.71 268,409.36 264,718.85 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 9,959.17 470,051.69 475,876.38 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 5,891.67 297,992.94 300,101.10 54 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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
COOPERAT RABOBANK UA/NYDTD 01/09/2024 4.800% 01/09/2029 21688ABC5 350,000.00 A+ Aa2 1/17/2024 1/19/2024 349,688.50 4.82 8,026.67 349,713.78 345,493.40 NATIONAL RURAL UTIL COOP CORPNOTES (CALDTD 02/05/2024 4.850% 02/07/2029 63743HFN7 275,000.00 A- A2 2/7/2024 2/9/2024 275,178.75 4.84 5,409.10 275,165.94 273,581.55

AIR PRODUCTS & CHEMICALS CORP
NOTES (CALDTD 02/08/2024 4.600% 02/08/2029
009158BH8 350,000.00 A A2 2/8/2024 2/12/2024 349,751.50 4.62 6,395.28 349,768.71 346,620.75 Security Type Sub-Total 16,565,000.00 16,478,438.00 4.42 204,425.01 16,491,774.50 16,316,873.31 Agency CMBS
FHMS K047 A2DTD 07/30/2015 3.329% 05/01/2025
3137BKRJ1 298,601.02 AA+ Aaa 5/19/2022 5/24/2022 300,513.94 3.10 828.37 299,142.98 293,223.06 FHLMC SERIES K049 A2DTD 10/01/2015 3.010% 07/01/2025
3137BLMZ8 323,605.00 AA+ Aaa 8/11/2022 8/16/2022 319,041.66 3.53 811.71 322,018.70 316,042.07 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 3.56 413.50 149,583.76 146,563.43 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 3.53 656.46 248,818.57 243,375.19 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 3.36 623.96 248,766.71 242,511.05 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 4.37 629.06 268,704.62 265,348.76 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 4.96 571.88 242,248.93 241,226.14 FNA 2016-M3 A2DTD 03/31/2016 2.702% 02/01/2026
3136ARTE8 157,846.48 AA+ Aaa 10/6/2022 10/12/2022 148,918.30 4.55 355.42 153,559.77 151,824.27 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 4.26 642.50 290,518.24 286,449.64 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 5.13 760.67 378,805.49 380,136.28 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 4.14 994.88 437,034.81 428,633.22 55 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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 K061 A2DTD 01/30/2017 3.347% 11/01/2026
3137BTUM1 236,839.64 AA+ Aaa 5/19/2023 5/24/2023 229,549.41 4.31 660.59 231,892.49 228,289.79 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 2,000.83 685,978.61 674,736.52 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 1,621.50 580,866.01 573,745.35 FNA 2017-M12 A2DTD 10/30/2017 3.059% 06/01/2027
3136AX7E9 254,564.90 AA+ Aaa 8/24/2023 8/29/2023 238,008.22 5.07 670.61 241,712.96 242,251.72 FNA 2017-M15 A2DTD 12/29/2017 2.960% 09/01/2027
3136AY6X6 356,472.42 AA+ Aaa 8/24/2023 8/29/2023 331,951.01 4.96 908.69 337,093.14 338,155.57 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 4.73 737.50 449,252.80 446,468.21 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 2,811.08 705,627.10 697,915.69 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 1,920.42 532,853.14 534,912.64 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 2,567.50 637,615.05 646,164.16 FHMS KJ47 A1DTD 09/01/2023 5.272% 08/01/2028
3137HAMN3 281,689.58 AA+ Aaa 9/19/2023 9/28/2023 281,688.16 5.27 1,237.56 281,688.37 284,944.31 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 2,518.75 641,799.91 644,240.40 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 1,818.75 437,414.85 449,123.29 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 5.14 992.68 234,397.02 236,406.83 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 1,458.00 359,075.17 359,401.31 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 1,104.17 267,232.11 265,986.92 FHMS K514 A2DTD 02/01/2024 4.572% 12/01/2028
3137HBLV4 330,000.00 AA+ Aaa 2/1/2024 2/8/2024 333,299.67 4.34 1,257.30 333,053.07 325,928.87 FHMS K520 A2DTD 04/01/2024 5.180% 03/01/2029
3137HCKV3 295,000.00 AA+ Aaa 4/23/2024 4/30/2024 296,197.41 5.09 1,273.42 296,160.23 298,886.88 56 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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 K522 A2DTD 06/01/2024 4.803% 05/01/2029
3137HDJJ0 675,000.00 AA+ Aaa 6/5/2024 6/13/2024 674,997.98 4.80 2,701.69 674,998.00 674,041.94 Security Type Sub-Total 11,194,619.04 10,881,970.53 4.64 35,549.45 10,967,912.61 10,916,933.51 ABS
HART 2021-A A3DTD 04/28/2021 0.380% 09/15/2025
44933LAC7 2,252.04 AAA NR 4/20/2021 4/28/2021 2,251.80 0.38 0.38 2,251.97 2,246.37 KCOT 2021-2A A3DTD 07/28/2021 0.560% 11/17/2025
50117XAE2 41,229.47 NR Aaa 7/20/2021 7/28/2021 41,227.91 0.56 10.26 41,228.97 40,577.10 CARMX 2021-1 A3DTD 01/27/2021 0.340% 12/15/2025
14316NAC3 2,699.58 AAA NR 1/20/2021 1/27/2021 2,699.04 0.34 0.41 2,699.42 2,682.90 CARMX 2021-2 A3DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 18,597.95 AAA NR 4/13/2021 4/21/2021 18,593.93 0.52 4.30 18,596.59 18,395.20 TAOT 2021-D A3DTD 11/15/2021 0.710% 04/15/2026
89238JAC9 41,630.76 AAA NR 11/9/2021 11/15/2021 41,629.87 0.71 13.14 41,630.40 40,797.97 HART 2021-C A3DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 28,350.78 AAA NR 11/9/2021 11/17/2021 28,344.45 0.75 9.32 28,348.14 27,858.43 CARMX 2021-3 A3DTD 07/28/2021 0.550% 06/15/2026
14317DAC4 53,930.83 AAA Aaa 7/21/2021 7/28/2021 53,921.95 0.55 13.18 53,927.27 52,790.37 VALET 2021-1 A3DTD 12/13/2021 1.020% 06/22/2026
92868KAC7 46,315.88 AAA Aaa 12/7/2021 12/13/2021 46,314.06 1.02 14.44 46,315.09 45,474.58 COPAR 2021-1 A3DTD 10/27/2021 0.770% 09/15/2026
14044CAC6 42,825.25 AAA Aaa 10/19/2021 10/27/2021 42,824.45 0.77 14.66 42,824.89 41,799.72 GMCAR 2021-4 A3DTD 10/21/2021 0.680% 09/16/2026
362554AC1 35,781.36 AAA Aaa 10/13/2021 10/21/2021 35,780.44 0.68 10.14 35,780.95 34,963.92 KCOT 2022-1A A3DTD 03/23/2022 2.670% 10/15/2026
50117EAC8 142,648.28 NR Aaa 3/15/2022 3/23/2022 142,627.88 2.67 169.28 142,638.05 139,791.35 WOART 2021-D A3DTD 11/03/2021 0.810% 10/15/2026
98163KAC6 50,446.52 AAA NR 10/26/2021 11/3/2021 50,439.66 0.81 18.16 50,443.35 49,365.94 HART 2022-A A3DTD 03/16/2022 2.220% 10/15/2026
448977AD0 116,280.47 AAA NR 3/9/2022 3/16/2022 116,275.99 2.22 114.73 116,278.23 114,081.13 GMCAR 2022-1 A3DTD 01/19/2022 1.260% 11/16/2026
380146AC4 40,186.14 AAA NR 1/11/2022 1/19/2022 40,182.65 1.26 21.10 40,184.42 39,294.82 57 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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
CHAIT 2024-A1 ADTD 01/31/2024 4.600% 01/15/2027
161571HV9 520,000.00 AAA NR 1/24/2024 1/31/2024 519,920.80 4.61 1,063.11 519,931.36 514,104.55 HDMOT 2022-A A3DTD 04/20/2022 3.060% 02/15/2027
41284YAD8 96,897.23 AAA Aaa 4/12/2022 4/20/2022 96,881.10 3.06 131.78 96,888.45 95,557.81 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 2.80 404.44 324,986.65 318,828.41 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 4.58 447.82 219,985.07 217,968.54 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 5.02 535.47 239,973.63 238,648.27 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 5.39 443.18 184,999.43 184,725.46 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 5.21 613.62 264,965.39 264,229.38 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 5.35 462.80 194,970.18 194,568.15 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 4.51 270.60 134,988.63 133,622.35 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 5.05 516.22 229,983.36 228,875.19 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 5.29 410.67 174,965.01 175,223.13 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 5.53 577.58 234,992.89 235,620.05 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 4.65 372.00 179,986.05 178,310.09 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 4.71 565.20 269,988.44 267,130.14 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 4.47 335.25 179,996.30 177,989.36 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 5.47 104.84 114,983.85 115,361.63 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 4.31 431.00 224,990.19 221,560.36 58 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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-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 5.48 340.98 139,995.14 140,386.71 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 5.23 464.89 199,997.86 199,675.46 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 4.43 815.24 414,925.99 409,294.66 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 4.87 551.93 254,982.20 253,946.82 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 5.46 606.67 249,965.80 250,711.33 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 1,289.60 519,922.87 521,025.70 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 4.79 489.64 229,958.98 228,600.34 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 1,173.51 459,992.66 462,911.75 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 4.93 996.96 454,951.03 453,062.66 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 5.45 317.92 139,995.65 140,419.85 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 5.67 181.13 114,982.27 115,918.11 KCOT 2024-1A A3DTD 02/21/2024 5.190% 07/17/2028
50117BAC4 195,000.00 NR Aaa 2/14/2024 2/21/2024 194,992.38 5.19 449.80 194,992.94 194,391.85 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 1,175.93 464,909.39 467,741.73 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 1,167.44 474,975.62 475,992.23 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 5.54 320.09 129,987.64 131,047.32 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 5.78 517.79 214,961.66 217,023.41 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 5.54 492.44 199,976.69 201,277.20 59 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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
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 4.98 509.07 229,972.18 229,644.40 KCOT 2024-2A A3DTD 06/25/2024 5.260% 11/15/2028
50117DAC0 235,000.00 NR Aaa 6/18/2024 6/25/2024 234,994.36 5.26 211.89 234,994.38 234,898.95 WFCIT 2024-A1 ADTD 03/01/2024 4.940% 02/15/2029
92970QAA3 650,000.00 AAA Aaa 2/21/2024 3/1/2024 649,823.59 4.95 1,427.11 649,834.19 648,272.04 AMXCA 2024-1 A
DTD 04/23/2024 5.230% 04/16/2029
02582JKH2 625,000.00 AAA NR 4/16/2024 4/23/2024 624,871.88 5.23 1,452.78 624,876.16 629,767.56 Security Type Sub-Total 11,055,072.54 11,053,593.26 4.85 23,051.89 11,053,873.92 11,018,452.75 Managed Account Sub Total 72,214,691.58 71,135,121.91 519,397.65 70,513,666.29Securities Sub TotalAccrued Interest $72,220,050.34 $71,140,480.67 $519,397.65 $70,519,025.05 $519,397.65
71,463,227.29
$71,468,586.05

4.18 4.18%
Total Investments $71,038,422.70
60 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
Appendix
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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. 61 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
Appendix
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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 shown gross 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. 62 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
Appendix
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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. 63 © PFM Asset Management LLC pfmam.com
City of Santa Fe Springs
For the Quarter Ended June 30, 2024
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. 64 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: Chad Van Meeteren, Fire Chief

SUBJECT: DEPARTMENT OF FIRE-RESCUE PURCHASING CONTRACT
INCREASE – SOCAL AUTO & TRUCK PARTS INC.

DATE: August 6, 2024
RECOMMENDATION(S):

It is recommended that the City Council:
1) Approve a purchasing contract increase with SoCal Auto & Truck Parts Inc. for $150,000; and
2) Take such additional, related action that may be desirable.

FISCAL IMPACT
No fiscal impact to the City. The contract increase allows the Department of Fire-Rescue to purchase the necessary parts to repair emergency response vehicles from SoCal Auto & Truck Parts Inc. with funds previously approved for the 2024-2025 budget adoption process. No additional funds are requested at this time.

BACKGROUND
The City of Santa Fe Springs Fire - Rescue Department performs 95% of its repair and maintenance using the City’s Fire Mechanic. We currently use multiple vendors to purchase emergency vehicle repair parts, utilizing best pricing and availability as the basis for using vendors. SoCal Auto & Truck Parts Inc. has regularly provided the best pricing and availability.

The Department of Fire-Rescue has experienced a greater than anticipated use of SoCal Auto & Truck Parts Inc. for multiple reasons. Some reasons for the increased use of this vendor are establishing a routine preventive maintenance schedule, an inventory of parts CITY COUNCIL AGENDA REPORT – MEETING OF AUGUST 6, 2024
Department of Fire-Rescue Purchasing Contract Increase – SoCal Auto & Truck Parts Inc.

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Santa Fe Springs City CouncilAugust 6, 2024

Santa Fe Springs City Council
August 6, 2024