Agenda
02.18.2025 - AGENDA.PDF
Meeting Materials
FEBRUARY 18, 2025, MEETING VIDEO
02.18.2025 AGENDA PACKET.PDF
1. Documents:
2. Documents:
CITY OF SANTA FE SPRINGS
MEETINGS OF THE PUBLIC FINANCING AUTHORITY,
WATER UTILITY AUTHORITY, HOUSING SUCCESSOR,
SUCCESSOR AGENCY, AND CITY COUNCIL
AGENDA
TUESDAY, FEBRUARY 18, 2025
AT 5:00 P.M.
CITY HALL COUNCIL CHAMBERS
11710 TELEGRAPH ROAD
SANTA FE SPRINGS, CA 90670
CITY COUNCIL
William K. Rounds, Mayor
Joe Angel Zamora, Mayor Pro Tem
Annette Rodriguez, Councilmember
Juanita Martin, Councilmember
John M. Mora, Councilmember
CITY MANAGER CITY ATTORNEY
René Bobadilla, P.E. Rick Olivarez
CITY STAFF
Assistant City Manager Nicholas Razo
Fire Chief Chad Van Meeteren
Police Chief Aviv Bar
Director of Community Development Cuong Nguyen
Director of Community Services Maricela Balderas
Director of Finance Lana Dich
Director of Parks & Recreation Gus Hernandez
Director of Police Services Arlene Salazar
Director of Public Works James Enriquez
City Clerk Fernando N. Muñoz
February 18, 2025: City Council Meeting Page 2 of 9
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.gov/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, 2025, City Council Members are subject to SB 1439 and cannot participate in certain decisions for a year after accepting campaign contributions of more than $500 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.
Council Meeting Start Times: If there is a closed session or study session scheduled on the agenda, the regular meeting shall be scheduled to start at 5:00 p.m. and open session shall start at 6:00 p.m. If there is no closed session or study session scheduled on the agenda, the regular meeting shall be scheduled to start at 6:00 p.m.
Please Note: Staff reports and supplemental attachments are available for inspection online and at the office of the City Clerk in City Hall, during regular business hours 7:30 a.m. – 5:30 p.m., Monday – Thursday. Telephone: (562) 868-0511.
February 18, 2025: City Council Meeting Page 3 of 9
CALL TO ORDER
ROLL CALL
PUBLIC COMMENTS ON CLOSED SESSION ITEMS
At this time, the general public may address the City Council on closed session tems only.
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.
1. CLOSED SESSION
CONFERENCE WITH REAL PROPERTY NEGOTIATIORS
(Pursuant to Government Code Section 54956.8)
Property: Assessor Parcel No. 8001-003-934
Agency negotiator: René Bobadilla, City Manager, and Cuong Nguyen, Director of Community Development
Negotiating parties: Jamboree Housing Corporation
Under negotiation: Price and Terms
2. CLOSED SESSION
CONFERENCE WITH REAL PROPERTY NEGOTIATIORS
(Pursuant to Government Code Section 54956.8)
Property: Assessor Parcel Nos. 8005-012-031, 8005-012-902, and 8005-012-041 Agency negotiator: René Bobadilla, City Manager, and Cuong Nguyen, Director of Community Development
Negotiating parties: KAMLA Hotels
Under negotiation: Price and Terms
CLOSED SESSION REPORT
REGULAR SESSION – BEGINNING AT 6:00 P.M.
INVOCATION
PLEDGE OF ALLEGIANCE
INTRODUCTIONS
PRESENTATIONS
3. ADVISORY COMMITTEE REPORT – YOUTH LEADERSHIP COMMITTEE (PARKS & RECREATION)
4. BLACK HISTORY MONTH; STAND IN THE SCHOOLHOUSE DOOR
(PARKS & RECREATION)
February 18, 2025: City Council Meeting Page 4 of 9
5. RECOGNITION OF THE PEREZ-MACIAS FAMILY 2024 FIREFIGHTERS TOY
DRIVE (FIRE)
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
PUBLIC HEARING
6. ANNUAL WEED ABATEMENT PROGRAM (CITY CLERK)
RECOMMENDATION: It is recommended that the City Council:
1) Open the Public Hearing;
2) Receive any comments from the public wishing to speak on this matter and thereafter close the Public Hearing; and
3) Direct the Los Angeles County Agricultural Commissioner/Weights & Measures to abate the nuisance by having weeds, rubbish, and refuse removed.
OLD BUSINESS – NONE
REGULAR BUSINESS
7. FY 2024-2025 2ND QUARTER BUDGET REVIEW AND MODIFICATIONS (FINANCE)
RECOMMENDATION: It is recommended that the City Council:
1) Approve staff recommendation of an additional $851,100 to the expenditures in the General Fund detailed in Attachment D;
2) Approve staff recommendation of adjustment to the revenue & expenditures of $585,000 from other funding sources detailed in Attachment D; 3) Approve adjustments for six (6) positions (Attachment D):
a. Five (5) new full-time positions
b. One (1) adjustment to a full-time position
February 18, 2025: City Council Meeting Page 5 of 9
c. Eliminate 1,040 part-time hours
4) Adopt Resolution No. 9946 New Salary Schedule.
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.
PUBLIC FINANCING AUTHORITY
8. MINUTES OF THE JANUARY 21, 2025 PUBLIC FINANCING AUTHORITY
MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Public Financing Authority:
1) Approve the minutes as submitted.
9. MONTHLY REPORT ON THE STATUS OF DEBT INSTRUMENTS ISSUED
THROUGH THE CITY OF SANTA FE SPRINGS PUBLIC FINANCING AUTHORITY (PFA) (FINANCE)
RECOMMENDATION: It is recommended that the Public Financing Authority:
1) Receive and file the report.
WATER UTILITY AUTHORITY
10. MINUTES OF THE JANUARY 21, 2025 WATER UTILITY AUTHORITY MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Water Utility Authority:
1) Approve the minutes as submitted.
11. MONTHLY REPORT ON THE STATUS OF DEBT INSTRUMENTS ISSUED
THROUGH THE CITY OF SANTA FE SPRINGS WATER UTILITY AUTHORITY (WUA) (FINANCE)
RECOMMENDATION: It is recommended that the Water Utility Authority:
1) Receive and file the report.
12. LOS ANGELES GATEWAY REGION INTEGRATED REGIONAL WATER
MANAGEMENT JOINT POWERS AUTHORITY - ADOPTION OF RESOLUTION NO. 9945, APPOINTING PRIMARY BOARD MEMBER AND ALTERNATES (FINANCE)
February 18, 2025: City Council Meeting Page 6 of 9
RECOMMENDATION: It is recommended that the Water Utility Authority:
1) Adopt Resolution No. 9945 appointing a primary member and alternates to the Los Angeles Gateway Region Integrated Regional Water Management Joint Powers Authority governing board; and
2) Take such additional, related, action that may be desirable.
HOUSING SUCCESSOR
13. MINUTES OF THE JANUARY 21, 2025 HOUSING SUCCESSOR MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Housing Successor:
1) Approve the minutes as submitted.
SUCCESSOR AGENCY
14. MINUTES OF THE JANUARY 21, 2025 SUCCESSOR AGENCY MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Successor Agency:
1) Approve the minutes as submitted.
CITY COUNCIL
15. MINUTES OF THE JANUARY 21, 2025 CITY COUNCIL MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the City Council:
1) Approve the minutes as submitted.
16. RESOLUTION NO. 9886 – DECLARING A TRUSTED SYSTEM FOR THE
MANAGEMENT OF CITY RECORDS AND THE AUTOMATION OF RETENTION
REQUIREMENTS (CITY CLERK)
RECOMMENDATION: It is recommended that the City Council:
1) Adopt Resolution No. 9886, designating Laserfiche as a Trusted Records Management System.
17. TREASURER’S REPORT OF INVESTMENTS FOR THE QUARTER ENDED DECEMBER 31, 2024 (FINANCE)
February 18, 2025: City Council Meeting Page 7 of 9
RECOMMENDATION: It is recommended that the City Council:
1) Receive and file the report.
18. AUTHORIZE BID AWARDS FOR TRAFFIC SIGNAL AND LIGHTING EQUIPMENT,
HARDWARE, SUPPLIES (FINANCE)
RECOMMENDATION: It is recommended that the City Council:
1) Authorize awarding an annual blanket purchase order to Cal-Duct, Inc. (Cal-Duct) in the not-to-exceed amount of $175,000 per fiscal year thru June 30, 2027; and 2) Authorize awarding an annual blanket purchase order to Econolite Control Products, Inc. (Econolite) in the not-to-exceed amount of $175,000 per fiscal year thru June 30, 2027; and
3) Authorize awarding an annual blanket purchase order to Main Street Materials, Inc. (Main Street) in the not-to-exceed amount of $175,000 per fiscal year thru June 30, 2027; and
4) Authorize awarding an annual blanket purchase order to SWARCO McCain, Inc. (SWARCO McCain) in the not-to-exceed amount of $175,000 per fiscal year thru June 30, 2027; and
5) Authorize awarding an annual blanket purchase order to Western Systems (Western) in the not-to-exceed amount of $150,000 per fiscal year thru June 30, 2027; and
6) Authorize the City Manager to take any further necessary actions regarding this matter.
19. AUTHORIZE PROFESSIONAL SERVICES AGREEMENT WITH KTUA FOR A
PARKS, RECREATION, AND COMMUNITY SERVICES MASTER PLAN
(PARKS & RECREATION)
RECOMMENDATION: It is recommended that the City Council:
1) Award a Professional Service Agreement between the City of Santa Fe Springs and KTUA for consulting services to produce a Parks, Recreation, and Community Services Master Plan in the amount of $229,660; and 2) Directs the City Attorney to make clarifying changes necessary to effectuate the intent of the Agreement; and
3) Authorize the City Manager to execute the agreement; and February 18, 2025: City Council Meeting Page 8 of 9
4) Take such additional, related action that may be desirable.
20. SECOND READING OF ORDINANCE NO. 1156 TO AMEND SECTION 70.01 (DEFINITIONS) OF CHAPTER 70 (GENERAL PROVISIONS) AND TO ADD SECTION 72.26 (PARKING RECREATIONAL VEHICLES IS PROHIBITED ON ANY CITY STREET) TO CHAPTER 72 (STOPPING, STANDING, AND PARKING)
WITHIN TITLE VII (TRAFFIC CODE) OF THE SANTA FE SPRINGS MUNICIPAL
CODE (POLICE SERVICES)
RECOMMENDATION: It is recommended that the City Council:
1) Adopt Ordinance No. 1156:
AN ORDINANCE OF THE CITY OF SANTA FE SPRINGS TO AMEND SECTION
70.01 (DEFINITIONS) OF CHAPTER 70 (GENERAL PROVISIONS) AND TO ADD SECTION 72.26 (PARKING RECREATIONAL VEHICLES IS PROHIBITED ON ANY CITY STREET) TO CHAPTER 72 (STOPPING, STANDING, AND
PARKING) WITHIN TITLE VII (TRAFFIC CODE) OF THE SANTA FE SPRINGS
MUNICIPAL CODE
2) Take such additional, related, action that may be desirable.
21. SECOND READING OF ORDINANCE NO. 1157 TO AMEND TITLE XIII, CHAPTER 136 OF THE SANTA FE SPRINGS MUNICIPAL CODE ADDING NEW
DEFINITIONS AND SECTIONS 136.03 TO 136.07 TO ESTABLISH REGULATIONS
CONCERNING THE ABANDONMENT OF PERSONAL PROPERTY ON PUBLIC
PROPERTY (POLICE SERVICES)
RECOMMENDATION: It is recommended that the City Council:
1) Adopt Ordinance No. 1157:
AN ORDINANCE OF THE CITY OF SANTA FE SPRINGS AMENDING TITLE XIII, CHAPTER 136 OF THE SANTA FE SPRINGS MUNICIPAL CODE ADDING NEW DEFINITIONS AND SECTIONS 136.03 TO 136.07 TO ESTABLISH
REGULATIONS CONCERNING THE ABANDONMENT OF PERSONAL
PROPERTY ON PUBLIC PROPERTY
2) Take such additional, related, action that may be desirable.
22. AUTHORIZE RECOMMENDED MODIFICATIONS TO THE HOME SECURITY
CAMERA REBATE PROGRAM (POLICE SERVICES)
RECOMMENDATION: It is recommended that the City Council:
1) Authorize recommended modifications to the Home Security Rebate Program to extend eligibility to business owners, include security enhancements such as but February 18, 2025: City Council Meeting Page 9 of 9
not limited to surveillance cameras, alarm monitoring systems, accessories, tracking devices and other hardware necessary to safeguard property, and increase the one-time rebate amount for residents from $150 to $250; and 2) Take such additional; related, action that may be desirable.
23. APPROVAL OF TRANSFER AGREEMENT NO. 2024MP72 FOR THE SAFE
CLEAN WATER MUNICIPAL PROGRAM WITH THE LOS ANGELES FLOOD
CONTROL DISTRICT (PUBLIC WORKS)
RECOMMENDATION: It is recommended that the City Council:
1) Approve Transfer Agreement No. 2024MP72 with the Los Angeles County Flood Control District; and
2) Authorize the Mayor to execute Transfer Agreement No. 2024MP72; and 3) 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, 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.gov; 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 PUBLIC FINANCING AUTHORITY,
WATER UTILITY AUTHORITY, HOUSING SUCCESSOR,
SUCCESSOR AGENCY, AND CITY COUNCIL
AGENDA
TUESDAY, FEBRUARY 18, 2025
AT 5:00 P.M.
CITY HALL COUNCIL CHAMBERS
11710 TELEGRAPH ROAD
SANTA FE SPRINGS, CA 90670
CITY COUNCIL
William K. Rounds, Mayor
Joe Angel Zamora, Mayor Pro Tem
Annette Rodriguez, Councilmember
Juanita Martin, Councilmember
John M. Mora, Councilmember
CITY MANAGER CITY ATTORNEY
René Bobadilla, P.E. Rick Olivarez
CITY STAFF
Assistant City Manager Nicholas Razo
Fire Chief Chad Van Meeteren
Police Chief Aviv Bar
Director of Community Development Cuong Nguyen
Director of Community Services Maricela Balderas
Director of Finance Lana Dich
Director of Parks & Recreation Gus Hernandez
Director of Police Services Arlene Salazar
Director of Public Works James Enriquez
City Clerk Fernando N. Muñoz
February 18, 2025: City Council Meeting Page 2 of 9
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.gov/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, 2025, City Council Members are subject to SB 1439 and cannot participate in certain decisions for a year after accepting campaign contributions of more than $500 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.
Council Meeting Start Times: If there is a closed session or study session scheduled on the agenda, the regular meeting shall be scheduled to start at 5:00 p.m. and open session shall start at 6:00 p.m. If there is no closed session or study session scheduled on the agenda, the regular meeting shall be scheduled to start at 6:00 p.m.
Please Note: Staff reports and supplemental attachments are available for inspection online and at the office of the City Clerk in City Hall, during regular business hours 7:30 a.m. – 5:30 p.m., Monday – Thursday. Telephone: (562) 868-0511.
February 18, 2025: City Council Meeting Page 3 of 9
CALL TO ORDER
ROLL CALL
PUBLIC COMMENTS ON CLOSED SESSION ITEMS
At this time, the general public may address the City Council on closed session tems only.
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.
1. CLOSED SESSION
CONFERENCE WITH REAL PROPERTY NEGOTIATIORS
(Pursuant to Government Code Section 54956.8)
Property: Assessor Parcel No. 8001-003-934
Agency negotiator: René Bobadilla, City Manager, and Cuong Nguyen, Director of Community Development
Negotiating parties: Jamboree Housing Corporation
Under negotiation: Price and Terms
2. CLOSED SESSION
CONFERENCE WITH REAL PROPERTY NEGOTIATIORS
(Pursuant to Government Code Section 54956.8)
Property: Assessor Parcel Nos. 8005-012-031, 8005-012-902, and 8005-012-041 Agency negotiator: René Bobadilla, City Manager, and Cuong Nguyen, Director of Community Development
Negotiating parties: KAMLA Hotels
Under negotiation: Price and Terms
CLOSED SESSION REPORT
REGULAR SESSION – BEGINNING AT 6:00 P.M.
INVOCATION
PLEDGE OF ALLEGIANCE
INTRODUCTIONS
PRESENTATIONS
3. ADVISORY COMMITTEE REPORT – YOUTH LEADERSHIP COMMITTEE (PARKS & RECREATION)
4. BLACK HISTORY MONTH; STAND IN THE SCHOOLHOUSE DOOR
(PARKS & RECREATION)
February 18, 2025: City Council Meeting Page 4 of 9
5. RECOGNITION OF THE PEREZ-MACIAS FAMILY 2024 FIREFIGHTERS TOY
DRIVE (FIRE)
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
PUBLIC HEARING
6. ANNUAL WEED ABATEMENT PROGRAM (CITY CLERK)
RECOMMENDATION: It is recommended that the City Council:
1) Open the Public Hearing;
2) Receive any comments from the public wishing to speak on this matter and thereafter close the Public Hearing; and
3) Direct the Los Angeles County Agricultural Commissioner/Weights & Measures to abate the nuisance by having weeds, rubbish, and refuse removed.
OLD BUSINESS – NONE
REGULAR BUSINESS
7. FY 2024-2025 2ND QUARTER BUDGET REVIEW AND MODIFICATIONS (FINANCE)
RECOMMENDATION: It is recommended that the City Council:
1) Approve staff recommendation of an additional $851,100 to the expenditures in the General Fund detailed in Attachment D;
2) Approve staff recommendation of adjustment to the revenue & expenditures of $585,000 from other funding sources detailed in Attachment D; 3) Approve adjustments for six (6) positions (Attachment D):
a. Five (5) new full-time positions
b. One (1) adjustment to a full-time position
February 18, 2025: City Council Meeting Page 5 of 9
c. Eliminate 1,040 part-time hours
4) Adopt Resolution No. 9946 New Salary Schedule.
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.
PUBLIC FINANCING AUTHORITY
8. MINUTES OF THE JANUARY 21, 2025 PUBLIC FINANCING AUTHORITY
MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Public Financing Authority:
1) Approve the minutes as submitted.
9. MONTHLY REPORT ON THE STATUS OF DEBT INSTRUMENTS ISSUED
THROUGH THE CITY OF SANTA FE SPRINGS PUBLIC FINANCING AUTHORITY (PFA) (FINANCE)
RECOMMENDATION: It is recommended that the Public Financing Authority:
1) Receive and file the report.
WATER UTILITY AUTHORITY
10. MINUTES OF THE JANUARY 21, 2025 WATER UTILITY AUTHORITY MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Water Utility Authority:
1) Approve the minutes as submitted.
11. MONTHLY REPORT ON THE STATUS OF DEBT INSTRUMENTS ISSUED
THROUGH THE CITY OF SANTA FE SPRINGS WATER UTILITY AUTHORITY (WUA) (FINANCE)
RECOMMENDATION: It is recommended that the Water Utility Authority:
1) Receive and file the report.
12. LOS ANGELES GATEWAY REGION INTEGRATED REGIONAL WATER
MANAGEMENT JOINT POWERS AUTHORITY - ADOPTION OF RESOLUTION NO. 9945, APPOINTING PRIMARY BOARD MEMBER AND ALTERNATES (FINANCE)
February 18, 2025: City Council Meeting Page 6 of 9
RECOMMENDATION: It is recommended that the Water Utility Authority:
1) Adopt Resolution No. 9945 appointing a primary member and alternates to the Los Angeles Gateway Region Integrated Regional Water Management Joint Powers Authority governing board; and
2) Take such additional, related, action that may be desirable.
HOUSING SUCCESSOR
13. MINUTES OF THE JANUARY 21, 2025 HOUSING SUCCESSOR MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Housing Successor:
1) Approve the minutes as submitted.
SUCCESSOR AGENCY
14. MINUTES OF THE JANUARY 21, 2025 SUCCESSOR AGENCY MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Successor Agency:
1) Approve the minutes as submitted.
CITY COUNCIL
15. MINUTES OF THE JANUARY 21, 2025 CITY COUNCIL MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the City Council:
1) Approve the minutes as submitted.
16. RESOLUTION NO. 9886 – DECLARING A TRUSTED SYSTEM FOR THE
MANAGEMENT OF CITY RECORDS AND THE AUTOMATION OF RETENTION
REQUIREMENTS (CITY CLERK)
RECOMMENDATION: It is recommended that the City Council:
1) Adopt Resolution No. 9886, designating Laserfiche as a Trusted Records Management System.
17. TREASURER’S REPORT OF INVESTMENTS FOR THE QUARTER ENDED DECEMBER 31, 2024 (FINANCE)
February 18, 2025: City Council Meeting Page 7 of 9
RECOMMENDATION: It is recommended that the City Council:
1) Receive and file the report.
18. AUTHORIZE BID AWARDS FOR TRAFFIC SIGNAL AND LIGHTING EQUIPMENT,
HARDWARE, SUPPLIES (FINANCE)
RECOMMENDATION: It is recommended that the City Council:
1) Authorize awarding an annual blanket purchase order to Cal-Duct, Inc. (Cal-Duct) in the not-to-exceed amount of $175,000 per fiscal year thru June 30, 2027; and 2) Authorize awarding an annual blanket purchase order to Econolite Control Products, Inc. (Econolite) in the not-to-exceed amount of $175,000 per fiscal year thru June 30, 2027; and
3) Authorize awarding an annual blanket purchase order to Main Street Materials, Inc. (Main Street) in the not-to-exceed amount of $175,000 per fiscal year thru June 30, 2027; and
4) Authorize awarding an annual blanket purchase order to SWARCO McCain, Inc. (SWARCO McCain) in the not-to-exceed amount of $175,000 per fiscal year thru June 30, 2027; and
5) Authorize awarding an annual blanket purchase order to Western Systems (Western) in the not-to-exceed amount of $150,000 per fiscal year thru June 30, 2027; and
6) Authorize the City Manager to take any further necessary actions regarding this matter.
19. AUTHORIZE PROFESSIONAL SERVICES AGREEMENT WITH KTUA FOR A
PARKS, RECREATION, AND COMMUNITY SERVICES MASTER PLAN
(PARKS & RECREATION)
RECOMMENDATION: It is recommended that the City Council:
1) Award a Professional Service Agreement between the City of Santa Fe Springs and KTUA for consulting services to produce a Parks, Recreation, and Community Services Master Plan in the amount of $229,660; and 2) Directs the City Attorney to make clarifying changes necessary to effectuate the intent of the Agreement; and
3) Authorize the City Manager to execute the agreement; and February 18, 2025: City Council Meeting Page 8 of 9
4) Take such additional, related action that may be desirable.
20. SECOND READING OF ORDINANCE NO. 1156 TO AMEND SECTION 70.01 (DEFINITIONS) OF CHAPTER 70 (GENERAL PROVISIONS) AND TO ADD SECTION 72.26 (PARKING RECREATIONAL VEHICLES IS PROHIBITED ON ANY CITY STREET) TO CHAPTER 72 (STOPPING, STANDING, AND PARKING)
WITHIN TITLE VII (TRAFFIC CODE) OF THE SANTA FE SPRINGS MUNICIPAL
CODE (POLICE SERVICES)
RECOMMENDATION: It is recommended that the City Council:
1) Adopt Ordinance No. 1156:
AN ORDINANCE OF THE CITY OF SANTA FE SPRINGS TO AMEND SECTION
70.01 (DEFINITIONS) OF CHAPTER 70 (GENERAL PROVISIONS) AND TO ADD SECTION 72.26 (PARKING RECREATIONAL VEHICLES IS PROHIBITED ON ANY CITY STREET) TO CHAPTER 72 (STOPPING, STANDING, AND
PARKING) WITHIN TITLE VII (TRAFFIC CODE) OF THE SANTA FE SPRINGS
MUNICIPAL CODE
2) Take such additional, related, action that may be desirable.
21. SECOND READING OF ORDINANCE NO. 1157 TO AMEND TITLE XIII, CHAPTER 136 OF THE SANTA FE SPRINGS MUNICIPAL CODE ADDING NEW
DEFINITIONS AND SECTIONS 136.03 TO 136.07 TO ESTABLISH REGULATIONS
CONCERNING THE ABANDONMENT OF PERSONAL PROPERTY ON PUBLIC
PROPERTY (POLICE SERVICES)
RECOMMENDATION: It is recommended that the City Council:
1) Adopt Ordinance No. 1157:
AN ORDINANCE OF THE CITY OF SANTA FE SPRINGS AMENDING TITLE XIII, CHAPTER 136 OF THE SANTA FE SPRINGS MUNICIPAL CODE ADDING NEW DEFINITIONS AND SECTIONS 136.03 TO 136.07 TO ESTABLISH
REGULATIONS CONCERNING THE ABANDONMENT OF PERSONAL
PROPERTY ON PUBLIC PROPERTY
2) Take such additional, related, action that may be desirable.
22. AUTHORIZE RECOMMENDED MODIFICATIONS TO THE HOME SECURITY
CAMERA REBATE PROGRAM (POLICE SERVICES)
RECOMMENDATION: It is recommended that the City Council:
1) Authorize recommended modifications to the Home Security Rebate Program to extend eligibility to business owners, include security enhancements such as but February 18, 2025: City Council Meeting Page 9 of 9
not limited to surveillance cameras, alarm monitoring systems, accessories, tracking devices and other hardware necessary to safeguard property, and increase the one-time rebate amount for residents from $150 to $250; and 2) Take such additional; related, action that may be desirable.
23. APPROVAL OF TRANSFER AGREEMENT NO. 2024MP72 FOR THE SAFE
CLEAN WATER MUNICIPAL PROGRAM WITH THE LOS ANGELES FLOOD
CONTROL DISTRICT (PUBLIC WORKS)
RECOMMENDATION: It is recommended that the City Council:
1) Approve Transfer Agreement No. 2024MP72 with the Los Angeles County Flood Control District; and
2) Authorize the Mayor to execute Transfer Agreement No. 2024MP72; and 3) 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, 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.gov; 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.
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: Fernando N. Muñoz, CMC, City Clerk
SUBJECT: ANNUAL WEED ABATEMENT PROGRAM
DATE: February 18, 2025
RECOMMENDATION(S):
It is recommended that the City Council:
1) Open the Public Hearing;
2) Receive any comments from the public wishing to speak on this matter and thereafter close the Public Hearing; and
3) Direct the Los Angeles County Agricultural Commissioner/Weights & Measures to abate the nuisance by having weeds, rubbish, and refuse removed.
FISCAL IMPACT
N/A
BACKGROUND
On February 4, 2025, the City Council adopted Resolution No. 9944 declaring weeds to be a public nuisance on certain properties that had been inspected and found to contain a growth of weeds or to contain flammable rubbish. A list of the parcels is attached as Attachment ‘B’.
The date of Tuesday, February 18, 2025, at 6:00 P.M. is set for a Public Hearing of protests to the abatement of weeds. Proper notices and postings in accordance with the Government Code have been made and the hearing of protests should be conducted.
CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 18, 2025 2025 Weed Abatement Hearing Page 2 of 2
It would be appropriate for the Mayor to conduct the Public Hearing and hear from any person(s) who would like to address the City Council.
ANALYSIS
N/A
ENVIRONMENTAL
N/A
DISCUSSION
N/A
SUMMARY/NEXT STEPS
N/A
ATTACHMENT(S):
A. Resolution No. 9944
B. Declaration List
ITEM STATUS:
APPROVED:
DENIED:
TABLED:
DIRECTION GIVEN:
2025 DATE: 1/15/2025
LOS ANGELES COUNTY
DECLARATION LIST
CITY OF SANTA FE SPRINGS
KEY OF 8, CITY CODE 623 (UNIMPROVED)
PARCEL LOCATION OWNER MAILING ADDRESS CITY/STATE ZIP
7005 001 803 SO PAC CO 1400 DOUGLAS ST STOP 1690 OMAHA NE 68179 7005 014 801 SO PAC CO 1400 DOUGLAS ST STOP 1690 OMAHA NE 68179 7005 014 803 SO PAC CO 1400 DOUGLAS ST STOP 1690 OMAHA NE 68179 7005 014 913 13560 FIRESTONE BLVD DEPARTMENT OF TRANSPORTATION 100 S MAIN ST MS 13 LOS ANGELES CA 90012 7005 014 915 13580 FIRESTONE BLVD DEPARTMENT OF TRANSPORTATION 100 S MAIN ST MS 13 LOS ANGELES CA 90012 7005 014 917 13460 FIRESTONE BLVD STATE OF CALIFORNIA 100 S MAIN ST MS 6 LOS ANGELES CA 90012 7005 014 918 13500 FIRESTONE BLVD STATE OF CALIFORNIA 100 S MAIN ST STE 1300 LOS ANGELES CA 90012 8002 013 801 SOU PAC TRANS CO S B OF E PAR 1
MAP 872-19-130
8002 013 803 SOU PAC TRANS CO S B OF E PAR 1
MAP 872-19-130
8002 015 800 SOU PAC CO SBE PAR 13 72-19-130D
8002 015 801 SOU PAC COS B OF E PAR 8 MAP 72-
19-56
8002 015 805 SOU PAC TRANS CO SBE PAR 12 MAP
72-19-130C
8002 015 806 SOU PAC TRANS CO S B E PAR 12 AP
872-19-129E
8002 017 803 A T&S F RY COS B OF E PAR 7 MAP 04-
19-43
8002 019 042 MCMASTER CARR SUPPLY COMPANY PO BOX 54960 LOS ANGELES CA 90054 8002 021 801 A T&S F RY COS B OF E PAR 8 MAP 04-
19-43
8002 021 803 LOS NIETO RD A T AND S F RY CO 8920 REX RD PICO RIVERA CA 92660 2025 DATE: 1/15/2025
LOS ANGELES COUNTY
DECLARATION LIST
CITY OF SANTA FE SPRINGS
KEY OF 8, CITY CODE 623 (UNIMPROVED)
PARCEL LOCATION OWNER MAILING ADDRESS CITY/STATE ZIP
8002 021 804 A T&S F RY COS B OF E PAR 9 MAP 04-
19-43
8005 009 800 SOU PAC COS B OF E PAR 3 MAP 72-
19-129A
8005 010 801 SOU PAC TRANS CO SBE PAR 15 MAP
72-19-129F
8005 012 027 GEARY AVENUE PROPERTIES LLC 8536 WHITE FISH CIR FOUNTAIN VALLEY CA 92708 8005 012 047 10137 NORWALK BLVD GEMINIS PROPERTY DEVELOPMENT LLC
PO BOX 2767 SANTA FE SPRINGS CA 90670
8005 012 800 SOU PAC TRANS CO SBE PAR 13 MAP
72-19-129E
8005 015 047 WG HOLDINGS SPV LLC 109 N POST OAK LN STE 230 HOUSTON TX 77024 8005 015 048 CENTRIS TELEGRAPH POINT LLC 448 N LASALLE DR 2ND FL CHICAGO IL 60654 8005 015 049 CENTRIS TELEGRAPH POINT LLC 448 N LASALLE DR 2ND FL CHICAGO IL 60654 8005 015 050 WG HOLDINGS SPV LLC 249 OCEAN BLVD LONG BEACH CA 90802 8005 015 051 WG HOLDINGS SPV LLC 109 N POST OAK LN STE 230 HOUSTON TX 77024 8008 017 800 SOU PAC TRANS CO SBE PAR 10 MP
72-19-128F 2 PT
8009 001 095 TOWNLOT FEE LLC 707 WILSHIRE BLVD 46TH FL LOS ANGELES CA 90017 8009 001 097 TOWNLOT FEE LLC 717 WILSHIRE BLVD 46TH FL LOS ANGELES CA 90017 8009 001 098 TOWNLOT FEE LLC 717 WILSHIRE BLVD 46TH FL LOS ANGELES CA 90017 8009 001 101 TOWNLOT FEE LLC 717 WILSHIRE BLVD., 46TH FL LOS ANGELES CA 90017 8009 004 078 TOWNLOT FEE LLC 707 WILSHIRE BLVD 46TH FL LOS ANGELES CA 90017 8009 004 079 TOWNLOT FEE LLC 707 WILSHIRE BLVD 46TH FL LOS ANGELES CA 90017 2025 DATE: 1/15/2025
LOS ANGELES COUNTY
DECLARATION LIST
CITY OF SANTA FE SPRINGS
KEY OF 8, CITY CODE 623 (UNIMPROVED)
PARCEL LOCATION OWNER MAILING ADDRESS CITY/STATE ZIP
8009 004 116 TOWNLOT FEE LLC 717 WILSHIRE BLVD., 46TH FL LOS ANGELES CA 90017 8009 004 117 TOWNLOT FEE LLC 717 WILSHIRE BLVD 46TH FL LOS ANGELES CA 90017 8009 004 118 TOWNLOT FEE LLC 717 WILSHIRE BLVD 46TH FL LOS ANGELES CA 90017 8009 004 119 TOWNLOT FEE LLC 717 WILSHIRE BLVD 46TH FL LOS ANGELES CA 90017 8009 004 127 TOWNLOT FEE LLC 717 WILSHIRE BLVD 46TH FL LOS ANGELES CA 90017 8009 004 128 TOWNLOT FEE LLC 717 WILSHIRE BLVD., 46TH BLVD LOS ANGELES CA 90017 8009 022 071 SFS REAL ESTATE AND RECOVERY
LLC
14555 N 82ND ST SCOTTSDALE AZ 85260
8009 025 800 SOU PAC TRANS CO SBE PAR 11 MAP
72-19-128F
8009 026 809 SOU PAC TRANS CO SBE 72-19-129G
PAR 17
1700 FARNAM ST 10 FL OMAHA NE 68102
8011 002 807 AT AND SF RY CO SBE PAR 34&35 M
804-19-43 M
8011 002 808 AT AND SF RY CO S B OF E PAR 38 AP
804-19-43P
8011 004 031 12720 TELEGRAPH LLC 109 N POST OAK LN HOUSTON TX 77024 8011 004 064 SFW SYSTEMS LLC PO BOX 235 RANCHO SANTA FE CA 92067 8011 005 013 13007 TELEGRAPH RD GREEN LEAF XC, LLC 3010 OLD RANCH PARKWAY SUITE 470
SEAL BEACH CA 90740
8011 005 034 10330 GREENLEAF AVE PLAINS WEST COAST TERMINALS LLC 333 CLAY ST STE 1600 HOUSTON TX 77002 8011 007 026 TALL PROPERTIES LLC PO BOX 5547 FULLERTON CA 92838 8011 007 027 TALL PROPERTIES LLC PO BOX 5547 FULLERTON CA 92838 8011 007 028 TALL PROPERTIES LLC PO BOX 5547 FULLERTON CA 92838 2025 DATE: 1/15/2025
LOS ANGELES COUNTY
DECLARATION LIST
CITY OF SANTA FE SPRINGS
KEY OF 8, CITY CODE 623 (UNIMPROVED)
PARCEL LOCATION OWNER MAILING ADDRESS CITY/STATE ZIP
8011 007 029 TALL PROPERTIES LLC PO BOX 5547 FULLERTON CA 92838 8011 007 038 12720 TELEGRAPH LLC 109 N POST OAK LN HOUSTON TX 77024 8011 007 039 PRODUCTOL INC 12243 BRANFORD ST SUN VALLEY CA 91352 8011 007 040 12720 TELEGRAPH LLC 109 N POST OAK LN STE HOUSTON TX 77024 8011 007 041 PRODUCTOL INC 12243 BRANFORD ST SUN VALLEY CA 91352 8011 015 041 10765 PAINTER AVE WESTMONT PROPERTIES INC 10805 PAINTER AVE SANTA FE SPRINGS CA 90670 8011 016 802 A T AND S F RY CO SBE PAR 27 MA
804-19-43J W PT
8011 017 015 WADE,CYNTHIA S CO TR ET AL 10720 S BLUE WATER BAY MOHAVE VALLEY AZ 86440 8011 017 035 12720 TELEGRAPH LLC 10345 W OLYMPIC BLVD LOS ANGELES CA 90064 8011 017 036 SFSA INVESTMENT CO INC 10345 W OLYMPIC BLVD LOS ANGELES CA 90064 8011 017 037 12720 TELEGRAPH LLC 10345 W OLYMPIC BLVD LOS ANGELES CA 90064 8011 017 064 YEH FAMILY LIMITED PTNSHP LTD 12928 SANDOVAL ST SANTA FE SPRINGS CA 90670 8011 017 808 A T AND S F RY CO S B E PAR 2 M 804-
19-44
8011 017 809 A T AND S F RY CO S B OF E PAR MAP
804-19-43J
8011 017 810 A T AND S F RY CO S B OF E PAR MAP
804-19-43J
8017 018 800 SOU PAC CO 1400 DOUGLAS ST STOP 1690 OMAHA NE 68179 8017 018 801 SOU PAC TRANS CO 1400 DOUGLAS ST STOP 1690 OMAHA NE 68179 8017 018 802 SO PAC CO 1400 DOUGLAS ST STOP 1690 OMAHA NE 68179 2025 DATE: 1/15/2025
LOS ANGELES COUNTY
DECLARATION LIST
CITY OF SANTA FE SPRINGS
KEY OF 8, CITY CODE 623 (UNIMPROVED)
PARCEL LOCATION OWNER MAILING ADDRESS CITY/STATE ZIP
8026 001 800 A T&S F RY COS B OF E PAR 19 MAP
04-19-43
8044 001 801 AT AND SF RY CO SBE PAR 82 MAP 4-
19-45Z
8059 029 016 BPW INC 13639 BORA DR SANTA FE SPRINGS CA 90670 8059 029 800 A T AND S F RY CO S B E PAR 2 M 804-
19-45B
8069 004 803 A T AND S F RY CO 8920 REX ROAD PICO RIVERA CA 90660 8069 006 044 14150 ROSECRANS AVE VALLEY VIEW-SANTA FE SPRINGS LLC 26100 NORTHWESTERN HWY STE 1913
SOUTHFIELD MI 48076
8069 006 801 A T&S F RY COS B OF E PAR 1 MAP 04-
19-45C
8069 007 802 A T AND S F RY CO S B OF E PAR MAP
804-19-45L
8069 011 801 A T AND S F RY CO 8920 REX ROAD PICO RIVERA CA 90660 8069 011 802 A T AND S F RY CO 8920 REX ROAD PICO RIVERA CA 90660 8069 013 802 A T AND S F RY CO 8920 REX ROAD PICO RIVERA CA 90660 8069 016 903 STATE OF CA 100 S MAIN ST MS 6 LOS ANGELES CA 90012 8069 016 907 STATE OF CA 100 S MAIN ST MS 6 LOS ANGELES CA 90012 8069 016 908 STATE OF CA 100 S MAIN ST MS 6 LOS ANGELES CA 90012 8069 016 910 STATE OF CA 100 S MAIN ST MS 6 LOS ANGELES CA 90012 8069 016 911 STATE OF CA 100 S MAIN ST MS 6 LOS ANGELES CA 90012 8069 016 915 State of California Department of
Transportation
100 S Main St MS 6 Los Angeles CA 90012
2025 DATE: 1/15/2025
LOS ANGELES COUNTY
DECLARATION LIST
CITY OF SANTA FE SPRINGS
KEY OF 8, CITY CODE 623 (UNIMPROVED)
PARCEL LOCATION OWNER MAILING ADDRESS CITY/STATE ZIP
8082 003 801 SOU PAC TRANS CO SB OF E PAR 1
AP 872-19-55
8082 003 806 SOU PAC CO SBE PAR 30 MP 72-19-
54H 2 PT
8167 001 807 SOU PAC TRANS CO 1400 DOUGLAS ST STOP 1690 OMAHA NE 68179 8167 002 055 GREENLEAF BUSINESS CENTER LLC 5215 OLD ORCHARD RD STE 420 SKOKIE IL 60077 8168 001 815 UNION PACIFIC RAILROAD COMPANY 1400 DOUGLAS ST OMAHA NE 68179 8168 001 816 UNION PACIFIC RAILROAD COMPANY 1400 DOUGLAS ST OMAHA NE 68179 8168 002 901 LA COUNTY FLOOD CONTROL
DISTRICT
900 S FREMONT AVE ALHAMBRA CA 91803
8168 007 026 9005 SORENSEN AVE, SANTA FE
SPRINGS CA 90670
MCKESSON CORPORATION PO BOX 92129 SOUTHLAKE TX 68179
8168 007 814 SOU PAC TRANS CO 1400 DOUGLAS ST STOP 1690 OMAHA NE 68179 8168 007 816 SOU PACIFIC TRANS CO 1400 DOUGLAS ST STOP 1690 OMAHA NE 68179 8168 009 027 VALVOLINE LLC 100 VALVOLINE WAY LEXINGTON KY 40509 8168 009 030 VALVOLINE LLC 100 VALVOLINE WAY LEXINGTON KY 40509 8168 011 802 SOU PAC TRANS CO 1400 DOUGLAS ST STOP 1690 OMAHA NE 68179 8168 011 803 SOU PAC TRANS CO 1400 DOUGLAS ST STOP 1690 OMAHA NE 68179 8168 012 814 SOU PAC TRANS CO 1400 DOUGLAS ST STOP 1690 OMAHA NE 68179 8168 023 048 11790 SLAUSON AVE CEM CONSTRUCTION CORPORATION 8207 BROOKGREEN RD DOWNEY CA 90240 8177 029 810 SOU PAC TRANS CO 1400 DOUGLAS ST STOP 1690 OMAHA NE 68179 8177 029 815 SO CALIF EDISON CO 2 INNOVATION WAY 2ND FL POMONA CA 91768 8177 029 823 SOU PAC TRANS CO 1400 DOUGLAS ST STOP 1690 OMAHA NE 68179 2025 DATE: 1/15/2025
LOS ANGELES COUNTY
DECLARATION LIST
CITY OF SANTA FE SPRINGS
KEY OF 8, CITY CODE 623 (UNIMPROVED)
PARCEL LOCATION OWNER MAILING ADDRESS CITY/STATE ZIP
8177 029 825 SOUTHERN PACIFIC TRANS COSBE
72-19-283B PAR 7
1700 FARMAN ST. 10TH FLR OMAHA NE 68102
8178 004 065 CHAVEZ,WILLIAM AND 2923 VIA SAN DELARRO MONTEBELLO CA 90640 8178 035 811 SOU PAC TRANS CO 1400 DOUGLAS ST STOP 1690 OMAHA NE 68179 8178 035 812 A T AND S F RY CO 8920 REX ROAD PICO RIVERA CA 90660 8178 035 814 AT AND SF RY CO SBE PAR 36 MAP 4-
19-43N
2500 LOU MENK DR FORT WORTH TX 76131
8178 035 815 SOU PAC TRANS CO 1400 DOUGLAS ST STOP 1690 OMAHA NE 68179 8178 036 803 A T AND S F RY CO 8920 REX ROAD PICO RIVERA CA 90660 8178 036 804 A T AND S F RY CO 8920 REX ROAD PICO RIVERA CA 90660 8178 037 805 A T AND S F RY CO 8920 REX ROAD PICO RIVERA CA 90660 8178 037 806 SOU PAC TRANS CO 1400 DOUGLAS ST STOP 1690 OMAHA NE 68179 8178 037 810 SOU PAC TRANS CO S B E PAR 6 AP
872-19-284 A
8178 037 811 SOU PAC TRANS CO 1400 DOUGLAS ST STOP 1690 OMAHA NE 68179 TOTAL VACANT/IMPROVED RECORDS 0
TOTAL UNIMPROVED RECORDS 119
TOTAL RECORDS 119
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: Lana Dich, Director of Finance & Administrative Services SUBJECT: FY 2024-2025 2
ND QUARTER BUDGET REVIEW AND MODIFICATIONS
DATE: February 18, 2025
RECOMMENDATION(S):
It is recommended that the City Council:
1) Approve staff recommendation of an additional $851,100 to the expenditures in the General Fund detailed in Attachment D;
2) Approve staff recommendation of adjustment to the revenue & expenditures of $585,000 from other funding sources detailed in Attachment D; 3) Approve adjustments for six (6) positions (Attachment D):
a. Five (5) new full-time positions
b. One (1) adjustment to a full-time position
c. Eliminate 1,040 part-time hours
4) Adopt Resolution No. 9946 – New Salary Schedule
FISCAL IMPACT
In the 2
nd quarter of FY 2024-25, departments submitted budget adjustment requests for City Council approval, as summarized in attachment D and in the summary below.
The 2
nd quarter review, staff recommended a net adjustment of $851,100, which included an increase in expenditures of $1,436,100 and an increase in revenue of $585,000. As a result of these recommended adjustments, the 2nd quarter proposed surplus for the City’s General Fund will decrease to $319,900.
CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 18, 2025 FY 2024-2025 Second Quarter Budget Review and Modifications
The proposed adjustments include net funding for six (6) position adjustments aimed at addressing necessary staffing levels to enhance operational efficiency, strategic planning and address organizational needs. These adjustments emerged after the initial budget adoption in June 2024 and the first-quarter revisions, in response to the need to address organizational structural requirements and challenges. This includes the continued progress that necessitates a broader organizational structure.
Staffing Recommendations Summary:
Parks & Recreation
• New Position: Full-time Management Analyst
o Justification: To support departmental management functions, streamline operations, and improve program efficiency.
Finance
• New Position: Full-time Finance Manager
o Justification: To provide oversight of accounting, investment, accounts payable, and cash receipts functions, ensuring financial accuracy and efficiency.
• New Position: Full-time Finance Analyst
o Justification: To support multi-year project budget management and enhance financial planning capabilities.
Community Services
• Position Upgrade: Part-time Case Worker (1040 annual hours) → Full-time Social Services Case Manager
o Justification: To provide support to the increasing demand of programs.
Police Services
• New Position: Full-time Code Enforcement
o Justification: To provide additional coverage for addressing homelessness and enforcing municipal codes more effectively.
Public Works
• Position Upgrade: Street Signal & Lighting Technician I → Street Signal & Lighting Technician II
o Justification: To reflect added responsibilities and ensure continued efficiency in street signal and lighting operations.
The proposed personnel net adjustments of $341,100 prorated for the remaining part of the year (six months) are detailed in Attachment D.
CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 18, 2025 FY 2024-2025 Second Quarter Budget Review and Modifications
Operationally, staff recommends the following adjustments:
• The City’s Community Services Department proposes an increase of $10,000 for the creation of a memory lab.
• The Fire-Rescue Department requests an increase of $575,000 for additional overtime related to emergency response, which will be reimbursed by the State. • Parks & Recreation requests an increase of $10,000 for the Every Fifteen Minutes program, to be funded by a California Highway Patrol Grant. • Police Services is requesting an increase of $15,000 for copier lease services maintenance and shredding services.
• Public Works is requesting an increase of $485,000, which includes:
o $75,000 for engineering contractual services,
o $10,000 for waste management supplies,
o $150,000 for vehicle repairs,
o $200,000 for facility repairs, and
o $50,000 for landscaping maintenance."
No impacts to the Water Utility Fund
BACKGROUND
The quarterly budget review process provides an opportunity to adjust forecasted appropriation amounts and budget assumptions based on fiscal year-to-date actuals. The Fiscal Year (FY) 2024-25 budget was initially adopted in June 2024. Since then, the City CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 18, 2025 FY 2024-2025 Second Quarter Budget Review and Modifications
has been navigating a rapidly evolving economic landscape, significantly influenced by shifts in consumer behavior. This period has been marked by a slowdown in online sales and modest growth in business-to-business transactions, both aligning with the trends anticipated in the original forecast.
The initial forecast accounted for potential disruptions in the general economy stemming from the current geopolitical climate. Staff will continue to closely monitor any adverse fluctuations in anticipated trends throughout the remainder of the fiscal year.
In addition to the quarterly review, staff prepares an unaudited summary of the City’s actual General Fund and Water Fund revenues and operating expenditures for FY 2023-
24. While these figures are neither final nor official, the summary serves as a valuable tool for assessing prior year expenditures and identifying current financial trends. This information is essential for informing future budget estimates and evaluating the City’s current financial position. Staff anticipates providing finalized, audited year-end figures in the full Annual Comprehensive Financial Report (ACFR) upon completion of the audit.
ANALYSIS
The Second Quarter Report (covering October to December) will provide updated projections for both expenditures and revenues for the fiscal year. The General Fund budget was originally adopted with an initial surplus of $2.1 million. Since its adoption in June, departments have submitted budget appropriation requests, and new revenue sources have been identified. By analyzing six months of fiscal data alongside unaudited figures from FY 2023-24, staff can identify trends in expenditure patterns. This information will inform the updated estimates to be presented in the report.
FY 2023-24 Narrative
Overall, the unaudited year-end financial information for the General Fund shows favorable results for both revenues and expenditures. Revenues exceeded projections by 12%, while expenditures came in 3% below budgeted amounts. This combination of higher-than-expected revenue and significant savings in departmental operating costs has resulted in an operating surplus of approximately $6.6 million, after replenishing the targeted General Fund reserve for FY 2023-24.
Conversely, revenues in the Water Fund were approximately 5% lower than anticipated.
However, expenditures were 11% below budgeted amounts, resulting in a surplus of $847,000.
FY 2024-2025 YTD through Second Quarter Ended December 31, 2024 Narrative The results of the first six-month review indicate that actual General Fund revenues and expenditures are tracking as anticipated.
CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 18, 2025 FY 2024-2025 Second Quarter Budget Review and Modifications
Revenues
During the first half of the fiscal year (July – December), the majority of revenues were received as projected, totaling 43.9% or $45.2 million of the FY 2024-25 budget. Yearover-year variances are attributed to the following factors:
1) Sales Tax and Transactions Tax: Sales tax applies to all retail sales of goods and merchandise. The City receives two advance payments and a quarterly adjustment. Year-to-date receipts met the target at 50% of the annual budget, though this reflects a 1% decrease compared to the same period last year. The decline is primarily due to decreases in the following sectors:
• Business & Industry: ↓ 5.5%
• Fuel & Service Stations: ↓ 13.8%
• General Consumer Goods: ↓ 11.2%
These declines were partially offset by increases in:
• Building & Construction: ↑ 9.1%
• Autos & Transportation: ↑ 13.5%
2) Property Tax: Property tax is an annual charge, typically received in two large increments at the end of December and April. The Redevelopment Property Tax Trust Fund (RPTTF) residual cash receipt is expected at the end of January. 3) Utility Users' Tax (UUT): Collected monthly, quarter-to-date UUT cash receipts are at 34.3% of the total budget. One UUT payment from Southern California Edison (SCE) is pending, as staff anticipates a delay in second-quarter receipts.
Expenditures
Actual year-to-date expenditures totaled 58.1% or $58.4 million of the FY 2024-25 budget.
The primary drivers of the over-budget expenditure were significant prepayments made at the beginning of the fiscal year:
1) Prepayments:
• Actuarial Unfunded Liability: $12,561,044
• Workers’ Compensation and Liability: $1,876,611
• Other Post-Employment Benefits (OPEB): $91,000
• Property Insurance: $663,207
These prepayments totaled $15,191,862, accounting for 15% of the total budget and were paid in July 2024.
2) Adjusted Expenditures: Excluding the substantial prepayments, expenditures were just under 42.2% of the total budget for the six months ending December 31, 2024. Salary and benefits totaled $21.5 million, or 37% of the budget, primarily due to staffing vacancies.
a. Of the 229 full-time positions funded by the City through the 1st quarter, 200 were filled as of December 31, 2024, reflecting a 13% vacancy rate.
CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 18, 2025 FY 2024-2025 Second Quarter Budget Review and Modifications
b. Overtime expenses exceeded the budget by $1.0 million, representing a 67% overage.
The net effect of staffing vacancies and overtime overages resulted in estimated vacancy savings of approximately 3%, or $1.8 million, for the first half of FY 2024-25. 3) Maintenances & Operations were $20.3 million or 46%, primarily reflecting spending trends consistent with the same period in the prior fiscal year.
CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 18, 2025 FY 2024-2025 Second Quarter Budget Review and Modifications
FY 2024-2025 Summary
General Fund
CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 18, 2025 FY 2024-2025 Second Quarter Budget Review and Modifications
Revenues
The originally adopted budget projected General Fund revenue at $102.8 million, which included $11.2 million in charges for services generated from specific departmental operations. The revised budget forecast now stands at $105.1 million, representing an increase of $2.3 million over the original estimate. This revision reflects adjustment requests and previously approved changes, as detailed in the first quarter’s approved adjustments and Attachments D and E.
The recommended adjustments are for the City’s Grant from various government agencies as follows:
Emergency Response State Reimbursement: $575,000
California Highway Patrol: $10,000
The following adjustments have been previously approved:
Arts & Public Places Fund: $150,000
California State Library Grant: $5,627
Pro A: $ 8,812
CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 18, 2025 FY 2024-2025 Second Quarter Budget Review and Modifications
Expenditures (Attachments A and C)
The originally adopted budget for total expenditures and uses was approximately $100.6 million, which included one-time transfers of $162,000 to renovation and replacement.
Following proposed adjustments in the first quarter, the revised budget increased to $102.8 million, reflecting a 2.5% rise. Between October and December, staff recommend additional net adjustments totaling $851,100. While the overall impact of these proposed adjustments is nominal, they involve recommended changes in expenditures across various departments.
The second proposed adjustments include net funding for six (6) position adjustments outlined under fiscal impact.
The originally adopted budget included an anticipated $2.1 million operating surplus (attachment A). Staff is now projecting a budget surplus of $319,900. However, there are no recommendations on the use of the surplus at this time. Once the fiscal year-end results are available, staff will present recommendations to the City Council.
Salary Schedule
On December 6, 2022, the City Council awarded a contract to Public Sector Personnel Consultants to conduct a Classification and Compensation Study. Based on the study's findings, the City proposed a new salary schedule for the City of Santa Fe Springs effective July 1, 2024. The updated schedule introduces ten salary steps, with a 3% increase per step, replacing the previous structure of five steps with a 5.5% increase per step. This new structure aims to provide a more gradual and sustainable salary progression while maintaining competitive and equitable compensation for employees.
CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 18, 2025 FY 2024-2025 Second Quarter Budget Review and Modifications
Staff recommends adopting Resolution No. 9946 – New Salary Schedule.
Water Utility Fund
The Water Utility Fund's originally adopted budget had a projected revenue of $16.4 million. Staff is not recommending a change to revenue assumption at this time.
During the first quarter review, the Water Utility Fund is requesting an adjustment of $150,000. The city has been utilizing an old and antiquated system to run water billing, but in August of 2024, the system stopped working. The City’s IT consultant created a calculator in Excel to generate water bills temporarily. Due to the amount of manual work involved in maintaining these Excel worksheets, our staff have been working an excessive amount of overtime. Staff is proposing to bring in contractors to help manage the billing component of the process. This will lessen staff’s overtime until the City onboard a water utility billing system. Staff is tracking to onboard a system around January/February of 2025. No additional requests for the second quarter.
The originally adopted budget included an anticipated $2.9 million operating deficit (attachment A). Staff is tracking a budget deficit of $3.1 million.
ENVIRONMENTAL
N/A
DISCUSSION
Future Outlook
As discussed previously, staff continues to monitor ongoing economic and organizational issues as we prepare to develop the FY 2024-25 budget. Key factors include:
• Current Geopolitical Climate – The invasion of Ukraine by Russia has created significant uncertainty in the global economy. Like any conflict, its effects will likely have lasting consequences on both national and local economies for years to come.
CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 18, 2025 FY 2024-2025 Second Quarter Budget Review and Modifications
• CalPERS’ Unfunded Liability – The City faces a growing challenge related to its Unfunded Liability. Several factors contribute to the increase, including a smaller City workforce relative to the number of retirees, CalPERS investment losses, a lower investment discount rate, a shorter amortization period, changes in mortality assumptions, and the shift in unfunded liability payments from a percentage of payroll to a fixed amount each year. If investment performance falls short, the discount rate is further lowered, or assumptions are revised, these liabilities could increase even more. To address this, City staff have established a Pension Trust Fund and will be developing a plan to mitigate the future impact on the General Fund.
• Infrastructure Funding – At the end of 2024, the Council and voters approved Measure SFS (parcel tax), securing $6 million annually for City streets and road projects. However, the City will still face challenges in securing adequate funding to address significant deferred maintenance needs for other infrastructure projects. • Rising Inflation – Inflation poses a risk to the City's financial stability, as it directly impacts the rising costs of items and services needed to support local programs and services.
Operating Budget
There are a variety of strategic assumptions that will be included in the upcoming budget to ensure the City’s long-term financial viability. For both the General and Water Utility Funds, it is anticipated that the operational changes implemented over the last several years will provide stability in the long term. Staff will continue to work with the City Council to continue the pursuit of internal operating efficiencies and strategies to minimize costs and impacts to City services while exploring new and innovative revenue ideas.
SUMMARY/NEXT STEPS
The proposed FY 2024-25 first quarter adjustment is presented to the City Council for further input and direction. Staff will incorporate any further direction and input provided by the City Council.
ATTACHMENT(S):
A. FY 2024-25 2
nd Quarter Budget Review Summary
B. & B1 – FY 2024-25 2
nd Quarter Budget Review Revenue Adjustments
C. & C1 – FY 2024-25 2
nd Quarter Budget Review Operating Exp Adjustments
D. Revenues and Expenditures Adjustments Department Request E. Revenues and Expenditures Adjustments Previously approved F. Resolution No. 9946 - New Salary Schedule
CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 18, 2025 FY 2024-2025 Second Quarter Budget Review and Modifications
ITEM STATUS:
APPROVED:
DENIED:
TABLED:
DIRECTION GIVEN:
1Q 2Q
Adopted Amended Amended YTD
Actuals Budget Budget Budget 2Q Actual
FY 2023-24 FY 2024-25 FY 2024-25 FY 2024-25 FY 2024-25 $ % Revenues $ 104,330,005 $ 102,818,350 $ 104,329,164 $ 105,072,976 $ 45,183,303 $ 59,889,673 43.9% Expenditures
Department 84,294,739 99,410,570 101,359,704 103,160,243 41,960,482 61,199,761 42.2% Non-Recurring 1,387,605 - - - - -
Vehicle/Equipment Acquisition 673,166 1,142,050 1,430,821 1,430,821 905,849 524,972 79.3% Capital Improvement Program 2,800,000 - - - - - 0.0%
89,155,510 100,552,620 102,790,525 104,591,064 58,400,133 69,252,217 58.1% Operating Surplus / (Deficit)
before Transfers 15,174,496 2,265,730 1,538,639 481,912 (13,216,830) 13,698,742 -583.3% Fund Transfers:
Replenish Targeted Reserve (6,509,000) - - - - -
Renovation & Replacement (250,000) (162,000) (162,000) (162,000) - (162,000) Equipment Replacement (891,500) - - - - -
Employee Benefits Fund - - - - - -
Capital Improvement Program Funding (438,800) - - - - - Unfunded Liability Contribution Reserve (438,800) - - - - - Economic Contingency Reserve - - - - - -
Unexpected Events - - - - - -
Total (8,528,100) (162,000) (162,000) (162,000) -
Operating Surplus / (Deficit)
Net of Transfers $ 6,646,396 $ 2,103,730 $ 1,376,639 $ 319,912 1Q 2Q
Adopted Amended Amended YTD
Actuals Budget Budget Budget 2Q Actual
FY 2023-24 FY 2024-25 FY 2024-25 FY 2024-25 FY 2024-25 $ % Revenues $ 16,155,881 $ 16,409,100 $ 16,409,100 $ 16,409,100 $ 7,795,514 $ 13,644,100 47.5% Expenditures
Department 13,537,830 17,514,450 17,514,450 17,514,450 7,425,259 15,276,781 42.4% Capital Improvement Projects 129,554 - 150,000 150,000 216,472 150,000 Interfund Transfers 1,347,588 1,338,700 1,338,700 1,338,700 2,659 1,214,700 0.2% Debt Service 293,857 496,000 496,000 496,000 - - 0.0%
15,308,830 19,349,150 19,499,150 19,499,150 7,644,391 16,641,481 39.5% Surplus / (Deficit) $ 847,051 $ (2,940,050) $ (3,090,050) $ (3,090,050) $ 151,123
ATTACHMENT A
FY 2024-2025 2ND QUARTER BUDGET REVIEW
Overall Summary
$ Available / (% Used)
YTD Actual/Adopted
$ Available / (% Used)
Variance
Variance
YTD Actual vs Adopted
General Fund
Water Fund
1Q 2Q
Unaudited Adopted Amended Amended YTD
Actual Budget Budget Budget Actual
Revenue Source FY 2023-24 FY 2024-25 FY 2024-25 FY 2024-25 FY 2024-25 $ % Taxes
Property $ 2,757,943 $ 2,700,000 $ 2,700,000 $ 2,700,000 $ 1,053,088 $ (1,646,912) 39.0% Property - Pass Thru to City 3,210,906 2,800,000 2,800,000 2,800,000 - (2,800,000) 0.0% Utility User's Tax (UUT) 8,533,099 8,000,000 8,000,000 8,000,000 2,741,755 (5,258,245) 34.3% Sales & Use 40,205,065 39,440,000 39,440,000 39,440,000 19,310,760 (20,129,240) 49.0% Transactions & Use (Measure Y) 17,251,079 17,560,000 17,560,000 17,560,000 8,582,148 (8,977,852) 48.9% Transient Occupancy 166,966 150,000 150,000 150,000 77,458 (72,542) 51.6% Franchise 4,563,369 4,140,000 4,140,000 4,140,000 1,695,300 (2,444,700) 40.9% Business Operations 938,214 770,000 770,000 770,000 402,403 (367,597) 52.3% Property Transfer 353,376 370,000 370,000 370,000 61,965 (308,035) 16.7% Oil Well 144,870 140,000 140,000 140,000 145,970 5,970 104.3% Barrel 49,298 110,000 110,000 110,000 91,196 (18,804) 82.9% Total Taxes 78,174,187 76,180,000 76,180,000 76,180,000 34,162,044 (42,017,956) 44.8% Use of Money & Property
Net Interest Earnings 5,323,142 1,000,000 1,000,000 1,000,000 663,903 (336,097) 66.4% Rentals 337,269 330,000 330,000 330,000 228,647 (101,353) 69.3% Ground Lease 824,000 820,000 820,000 820,000 412,000 (408,000) 50.2% Development 385,723 400,000 400,000 400,000 - (400,000) 0.0% Total Use Of Money & Property 6,870,134 2,550,000 2,550,000 2,550,000 1,304,550 (1,245,450) 51.2% Vehicle In Lieu Taxes 2,739,793 2,600,000 2,600,000 2,600,000 - (2,600,000) 0.0% Total Vehicle In Lieu Taxes 2,739,793 2,600,000 2,600,000 2,600,000 - (2,600,000) 0.0% Other
Other 268,912 250,000 250,000 250,000 263,224 13,224 105.3% Greenwaste Host Fee 657,014 960,000 960,000 960,000 173,563 (786,437) 18.1% Water Utility Lease Payment 1,200,000 1,200,000 1,200,000 1,200,000 600,000 (600,000) 50.0% Total Other 2,125,926 2,410,000 2,410,000 2,410,000 1,036,788 (1,373,212) 43.0% Total Program Revenues 9,898,158 11,157,000 11,157,000 11,157,000 5,838,145 (5,318,855) 52.3% One-Time Funding Source - 1,142,050 1,430,821 1,430,821 905,849 (524,972) 79.3% Other Funding Sources 4,521,808 6,779,300 8,001,343 8,745,155 1,935,928 (6,809,227) 28.6% $ 104,330,005 $ 102,818,350 $ 104,329,164 $ 105,072,976 $ 45,183,303 $ (59,889,673) 43.9%
ATTACHMENT B
General Fund Revenues
YTD Actual vs Adopted
Variance
Total General Fund Revenue
FY 2024-2025 2ND QUARTER BUDGET REVIEW
$ Available / (% Rc'd)
1Q 2Q
Unaudited Adopted Amended Amended YTD
Actual Budget Budget Budget Actual
Department/Activity FY 2023-24 FY 2024-25 FY 2024-25 FY 2024-25 FY 2024-25 $ % City Manager's Office $ 4,696,595 $ 9,498,050 $ 9,498,050 9,698,050 3,915,014 $ 5,583,036 41.2% Finance 7,771,023 7,012,840 7,012,840 7,179,440 2,496,449 4,516,391 35.6% Police 16,765,140 20,169,100 20,292,641 20,373,941 11,028,312 9,140,788 54.7% Fire-Rescue 24,005,222 26,790,700 26,865,700 27,590,700 10,949,075 15,841,625 40.9% Community Development 3,541,133 2,914,200 3,982,725 3,982,725 829,351 2,084,849 28.5% Public Works -
Engineering 1,877,975 4,517,000 4,517,000 4,592,000 1,446,034 3,070,966 32.0% Maintenance 15,862,951 13,692,950 13,954,950 14,383,150 5,450,765 8,242,185 39.8% Community Services -
Administration 1,359,692 2,492,150 2,582,975 2,582,975 665,979 1,826,171 26.7% Library & Cultural Services 2,034,109 2,509,400 2,701,972 2,707,599 1,008,642 1,500,758 40.2% Family & Human Services 2,194,511 3,334,800 3,334,800 3,378,712 1,153,132 2,181,668 34.6% Parks and Recreation Services 4,186,388 6,479,380 6,616,051 6,690,951 3,017,730 3,461,650 46.6% Total - Departmental/Operating $ 84,294,739 $ 99,410,570 $ 101,359,704 $ 103,160,243 $ 41,960,482 $ 57,450,088 42.2% Equipment Acquisitions and Fund Transfers
Vehicle Acquisitions/Replacements 673,166 1,142,050 1,430,821 1,430,821 905,849 236,201 79.3% Interfund Transfers 101,247 - - - NA
Subtotal $ 774,413 $ 1,142,050 $ 1,430,821 $ 1,430,821 $ 905,849 $ 236,201 79.3% Annual Prepayment - - - - 15,533,802 $ (15,533,802) NA
Non-Recurring 1,387,605 - - - - - NA
Total - Non Departmental $ 2,162,018 $ 1,142,050 $ 1,430,821 $ 1,430,821 $ 16,439,651 $ (15,008,830) Grand Total $ 86,456,757 $ 100,552,620 $ 102,790,525 $ 104,591,064 $ 58,400,133 $ 46,190,931 58.1% 1Q 2Q
Unaudited Adopted Amended Amended YTD
Actual Budget Budget Budget Actual
Department/Activity FY 2023-24 FY 2024-25 FY 2024-25 FY 2024-25 FY 2024-25 $ % Water Utility
Administration 1,272,086 1,896,750 1,896,750 1,896,750 809,555 1,087,195 42.7% Purchases 7,420,445 8,682,950 8,682,950 8,682,950 3,993,426 4,689,524 46.0% Billing and Collection 1,478,422 2,391,100 2,391,100 2,391,100 913,843 1,477,257 38.2% Backflow 347,501 426,500 426,500 426,500 235,419 191,081 55.2% Distribution System Maintenance 1,950,632 2,712,500 2,712,500 2,712,500 926,740 1,785,760 34.2% Production Facilities Maintenance 1,017,409 1,404,650 1,404,650 1,404,650 543,769 860,881 38.7% Debt Service 293,857 496,000 496,000 496,000 - 496,000 0.0% Meter Installation 51,335 - - - 2,508 (2,508) 0.0%
Transfer to other funds 1,347,588 1,338,700 1,338,700 1,338,700 2,659 1,336,041 0.2% Grand Total $ 15,179,276 $ 19,349,150 $ 19,349,150 $ 19,349,150 $ 7,427,918 $ 11,921,232 38.4% $ Available / (% Used)
YTD Actual vs Adopted
Variance
$ Available / (% Used)
Water Fund
ATTACHMENT C
FY 2024-2025 2ND QUARTER BUDGET REVIEW
EXPENDITURE SUMMARY
YTD Actual vs Adopted
Variance
General Fund
1 of 1
Revenue and Expenditure Adjustments
Revenue Expenditures
Personnel Adjustments
CS- Social Services Case Manager (Eliminate PT Case Worker in FY 2024-25) $ - $ 25,100 Finance- Finance Manager - 100,800
Finance- Finance Analyst - 65,800
Parks & Recreation- Management Analyst - 64,900
Police Services- Code Enforcement Inspector - 66,300
Public Works Street Signal & Lighting Tech II (Reclass previously a I) - 18,200 $ - $ 341,100
Operating/Departmental Expenditures
Community Services (CS)
CS- Memory lab creation. $ - $ 10,000
$ - $ 10,000
Fire-Rescue
Fire- Additional FT OT for Emergency response (Will be reimbursed by State). 575,000 575,000 $ 575,000 $ 575,000
Parks & Recreation (PR)
PR - Recognition and appropriation of California Highway Patrol for every 15 minutes program. $ 10,000 $ 10,000 $ 10,000 $ 10,000
Police Services (PLS)
PLS- Additional funds for copier lease services, copier maintenance, and shredding services - 15,000 $ - $ 15,000
Public Works (PWM or PWE)
$ - $ 75,000
PWM- Purchase supplies for daily waste management activities. - 10,000 PWM - Contracted repairs to vehicle (outsourcing) - 150,000 - 50,000
PWM- Contracted services for landscaping maintenance. - 50,000 PWM- Contracted services for facility repairs. - 150,000 $ - $ 485,000
Total Expenditures & Revenue Adjustments 585,000 1,436,100 Net Total $ 851,100
Net Costs /(Savings)
FY 2024-25 2nd Quarter Updates
Proposed Quarterly Adjustments:
Net Costs /(Savings)
Net Costs /(Savings)
Net Costs /(Savings)
ATTACHMENT D
Net Costs /(Savings)
PWE - Engineering Contractual services.
PWM - Contracted repairs for facility repairs.
Net Costs /(Savings)
Revenue Expenditures
City Manager's Office
City-Wide Scanning Project $ - $ 200,000
Net Costs /(Savings) $ - $ 200,000
Fire-Rescue
$ 150,000 $ 150,000 *
Net Costs /(Savings) $ 150,000 $ 150,000
Community Services (CS)
Library - Books & Subscription (California State Library Grant) $ 5,627 $ 5,627 ** FHS - Collection and Reporting ridership data (Fund by Pro A) 8,812 8,812 ** Net Costs /(Savings) $ 8,812 $ 14,439
Total Expenditures & Revenue Adjustments $ 158,812 $ 364,439 * Restricted Funding
** Fund with Equipment Replacement Reserve
FY 2024-25 2nd Quarterly Updates ATTACHMENT E
Adjustments Approved by Council through 2nd
Quarter (October - December)
Historic Fire Engine Restoration (Arts & Public Places Fund) Net Total $ 205,627
RESOLUTION NO. 9946
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA FE SPRINGS, CALIFORNIA, APPROVING CHANGES TO THE FISCAL YEAR 2024-2025 SALARY
SCHEDULE
WHEREAS, the City Council considered proposing the city’s new salary schedule; and
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA FE SPRINGS DOES HEREBY RESOLVE AS FOLLOWS:
1. The City Council approves and adopts the changes to the Salary Schedule effective July 1, 2024. attached hereto as Attachment “A” and incorporated herein by this reference.
APPROVED and ADOPTED this 18th day of February, 2025 by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
_____________________________________
William K. Rounds, Mayor
ATTEST:
_________________________________
Fernando Munoz, City Clerk
City of Santa Fe Springs
Fiscal Year 2024-2025 Salary Schedule
Effective July 1, 2024
JOB TITLE JOB ID RANGE STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8 STEP 9 STEP 10 Account Clerk 18011 10 4,568.446 4,705.499 4,846.664 4,992.064 5,141.826 5,296.081 5,454.963 5,618.612 5,787.171 5,960.79 Account Clerk Supervisor 16801 19 5,901.768 6,078.821 6,261.186 6,449.021 6,642.492 6,841.767 7,047.020 7,258.430 7,476.183 7,700.47 Accountant 14300 22 6,449.021 6,642.492 6,841.767 7,047.020 7,258.430 7,476.183 7,700.469 7,931.483 8,169.427 8,414.51 Administrative Assistant 18816 9 4,435.384 4,568.446 4,705.499 4,846.664 4,992.064 5,141.826 5,296.081 5,454.963 5,618.612 5,787.17 Administrative Services Officer 05210 40 10,979.027 11,308.398 11,647.650 11,997.079 12,356.991 12,727.701 13,109.532 13,502.818 13,907.903 14,325.14 Assistant City Manager 01600 54 16,606.763 17,104.966 17,618.115 18,146.659 18,691.058 19,251.790 19,829.344 20,424.224 21,036.951 21,668.06 Assistant Civil Engineer 15100 20 6,139.609 6,323.797 6,513.511 6,708.917 6,910.184 7,117.490 7,331.014 7,550.945 7,777.473 8,010.80 Assistant Director of Finance 03920 39 10,659.249 10,979.027 11,308.398 11,647.650 11,997.079 12,356.991 12,727.701 13,109.532 13,502.818 13,907.90 Assistant Director of Police Services 05410 34 9,194.762 9,470.605 9,754.723 10,047.365 10,348.786 10,659.249 10,979.027 11,308.398 11,647.650 11,997.08 Assistant Director of Public Works 03910 40 10,979.027 11,308.398 11,647.650 11,997.079 12,356.991 12,727.701 13,109.532 13,502.818 13,907.903 14,325.14 Assistant Fire Chief 02900 46 13,109.532 13,502.818 13,907.903 14,325.140 14,754.894 15,197.541 15,653.467 16,123.071 16,606.763 17,104.97 Assistant Planner 14411 22 6,513.511 6,708.917 6,910.184 7,117.490 7,331.014 7,550.945 7,777.473 8,010.797 8,251.121 8,498.66 Associate Civil Engineer 13200 29 8,010.797 8,251.121 8,498.655 8,753.615 9,016.223 9,286.710 9,565.311 9,852.270 10,147.839 10,452.27 Associate Planner 13680 25 7,117.490 7,331.014 7,550.945 7,777.473 8,010.797 8,251.121 8,498.655 8,753.615 9,016.223 9,286.71 Battalion Chief 03000 42 11,647.650 11,997.079 12,356.991 12,727.701 13,109.532 13,502.818 13,907.903 14,325.140 14,754.894 15,197.54 Building Permit Technician 18840 7 4,180.775 4,306.198 4,435.384 4,568.446 4,705.499 4,846.664 4,992.064 5,141.826 5,296.081 5,454.96 Building Services Manager 05471 31 8,414.510 8,666.945 8,926.954 9,194.762 9,470.605 9,754.723 10,047.365 10,348.786 10,659.249 10,979.03 Business Liaison 02421 37 10,047.365 10,348.786 10,659.249 10,979.027 11,308.398 11,647.650 11,997.079 12,356.991 12,727.701 13,109.53 Capital Improvements Manager 12400 36 9,754.723 10,047.365 10,348.786 10,659.249 10,979.027 11,308.398 11,647.650 11,997.079 12,356.991 12,727.70 City Clerk 05100 38 10,348.786 10,659.249 10,979.027 11,308.398 11,647.650 11,997.079 12,356.991 12,727.701 13,109.532 13,502.82 Civil Engineering Assistant 14401 23 6,708.917 6,910.184 7,117.490 7,331.014 7,550.945 7,777.473 8,010.797 8,251.121 8,498.655 8,753.62 Civil Engineering Technician 14621 22 6,513.511 6,708.917 6,910.184 7,117.490 7,331.014 7,550.945 7,777.473 8,010.797 8,251.121 8,498.66 Code Enforcement Inspector 14910 21 6,323.797 6,513.511 6,708.917 6,910.184 7,117.490 7,331.014 7,550.945 7,777.473 8,010.797 8,251.12 Code Enforcement Manager 14821 31 8,414.510 8,666.945 8,926.954 9,194.762 9,470.605 9,754.723 10,047.365 10,348.786 10,659.249 10,979.03 Code Enforcement Supervisor 14822 24 6,910.184 7,117.490 7,331.014 7,550.945 7,777.473 8,010.797 8,251.121 8,498.655 8,753.615 9,016.22 Community Services Manager 05461 34 9,194.762 9,470.605 9,754.723 10,047.365 10,348.786 10,659.249 10,979.027 11,308.398 11,647.650 11,997.08 Community Services Supervisor 15040 24 6,910.184 7,117.490 7,331.014 7,550.945 7,777.473 8,010.797 8,251.121 8,498.655 8,753.615 9,016.22 Deputy City Clerk 15710 21 6,261.186 6,449.021 6,642.492 6,841.767 7,047.020 7,258.430 7,476.183 7,700.469 7,931.483 8,169.43 Deputy Fire Marshal 13120 33 8,926.954 9,194.762 9,470.605 9,754.723 10,047.365 10,348.786 10,659.249 10,979.027 11,308.398 11,647.65 Director of Community Development 02410 47 13,502.818 13,907.903 14,325.140 14,754.894 15,197.541 15,653.467 16,123.071 16,606.763 17,104.966 17,618.12 Director of Community Services 02400 46 13,109.532 13,502.818 13,907.903 14,325.140 14,754.894 15,197.541 15,653.467 16,123.071 16,606.763 17,104.97 Director of Economic Development 02420 47 13,502.818 13,907.903 14,325.140 14,754.894 15,197.541 15,653.467 16,123.071 16,606.763 17,104.966 17,618.12 Director of Finance 02810 48 13,907.903 14,325.140 14,754.894 15,197.541 15,653.467 16,123.071 16,606.763 17,104.966 17,618.115 18,146.66 Director of Parks and Recreation 02440 46 13,109.532 13,502.818 13,907.903 14,325.140 14,754.894 15,197.541 15,653.467 16,123.071 16,606.763 17,104.97 City of Santa Fe Springs
Fiscal Year 2024-2025 Salary Schedule
Effective July 1, 2024
JOB TITLE JOB ID RANGE STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8 STEP 9 STEP 10 Director of Police Services 02700 46 13,109.532 13,502.818 13,907.903 14,325.140 14,754.894 15,197.541 15,653.467 16,123.071 16,606.763 17,104.97 Director of Public Works/City Engineer 02800 50 14,754.894 15,197.541 15,653.467 16,123.071 16,606.763 17,104.966 17,618.115 18,146.659 18,691.058 19,251.79 Electrician 15830 17 5,618.612 5,787.171 5,960.786 6,139.609 6,323.797 6,513.511 6,708.917 6,910.184 7,117.490 7,331.01 Electrician Assistant 18080 12 4,846.664 4,992.064 5,141.826 5,296.081 5,454.963 5,618.612 5,787.171 5,960.786 6,139.609 6,323.80 Environmental Program Manager 12200 36 9,754.723 10,047.365 10,348.786 10,659.249 10,979.027 11,308.398 11,647.650 11,997.079 12,356.991 12,727.70 Executive Assistant 16621 15 5,296.081 5,454.963 5,618.612 5,787.171 5,960.786 6,139.609 6,323.797 6,513.511 6,708.917 6,910.18 Facilities Maintenance Specialist 17511 13 4,992.064 5,141.826 5,296.081 5,454.963 5,618.612 5,787.171 5,960.786 6,139.609 6,323.797 6,513.51 Facilities Maintenance Supervisor 15024 26 7,331.014 7,550.945 7,777.473 8,010.797 8,251.121 8,498.655 8,753.615 9,016.223 9,286.710 9,565.31 Finance Analyst 16120 21 6,261.186 6,449.021 6,642.492 6,841.767 7,047.020 7,258.430 7,476.183 7,700.469 7,931.483 8,169.43 Finance Manager 05010 37 10,047.365 10,348.786 10,659.249 10,979.027 11,308.398 11,647.650 11,997.079 12,356.991 12,727.701 13,109.53 Finance Technician 14301 16 5,400.954 5,562.982 5,729.872 5,901.768 6,078.821 6,261.186 6,449.021 6,642.492 6,841.767 7,047.02 Fire Captain 12800 35 9,470.605 9,754.723 10,047.365 10,348.786 10,659.249 10,979.027 11,308.398 11,647.650 11,997.079 12,356.99 Fire Chief 01700 52 15,653.467 16,123.071 16,606.763 17,104.966 17,618.115 18,146.659 18,691.058 19,251.790 19,829.344 20,424.22 Fire Engineer 13810 31 8,414.510 8,666.945 8,926.954 9,194.762 9,470.605 9,754.723 10,047.365 10,348.786 10,659.249 10,979.03 Fire Equipment Mechanic 14630 22 6,513.511 6,708.917 6,910.184 7,117.490 7,331.014 7,550.945 7,777.473 8,010.797 8,251.121 8,498.66 Fire Marshal 12210 36 9,754.723 10,047.365 10,348.786 10,659.249 10,979.027 11,308.398 11,647.650 11,997.079 12,356.991 12,727.70 Fire/Environmental Safety Inspector 14811 24 6,841.767 7,047.020 7,258.430 7,476.183 7,700.469 7,931.483 8,169.427 8,414.510 8,666.945 8,926.95 Fire/Environmental Safety Specialist 13111 33 8,926.954 9,194.762 9,470.605 9,754.723 10,047.365 10,348.786 10,659.249 10,979.027 11,308.398 11,647.65 Firefighter 16200 25 7,047.020 7,258.430 7,476.183 7,700.469 7,931.483 8,169.427 8,414.510 8,666.945 8,926.954 9,194.76 Firefighter Paramedic 15201 29 7,931.483 8,169.427 8,414.510 8,666.945 8,926.954 9,194.762 9,470.605 9,754.723 10,047.365 10,348.79 Firefighter Paramedic Trainee 15400 27 7,476.183 7,700.469 7,931.483 8,169.427 8,414.510 8,666.945 8,926.954 9,194.762 9,470.605 9,754.72 Fleet Maintenance Supervisor 15006 24 6,910.184 7,117.490 7,331.014 7,550.945 7,777.473 8,010.797 8,251.121 8,498.655 8,753.615 9,016.22 Grants Analyst 15822 25 7,117.490 7,331.014 7,550.945 7,777.473 8,010.797 8,251.121 8,498.655 8,753.615 9,016.223 9,286.71 Grounds Maintenance Supervisor 15021 24 6,910.184 7,117.490 7,331.014 7,550.945 7,777.473 8,010.797 8,251.121 8,498.655 8,753.615 9,016.22 Human Resource Manager 05000 39 10,659.249 10,979.027 11,308.398 11,647.650 11,997.079 12,356.991 12,727.701 13,109.532 13,502.818 13,907.90 Human Resources Analyst 14020 27 7,476.183 7,700.469 7,931.483 8,169.427 8,414.510 8,666.945 8,926.954 9,194.762 9,470.605 9,754.72 Human Resources Specialist 17550 16 5,400.954 5,562.982 5,729.872 5,901.768 6,078.821 6,261.186 6,449.021 6,642.492 6,841.767 7,047.02 Human Resources Technician 15720 14 5,090.917 5,243.644 5,400.954 5,562.982 5,729.872 5,901.768 6,078.821 6,261.186 6,449.021 6,642.49 Information Technology Specialist 14741 21 6,323.797 6,513.511 6,708.917 6,910.184 7,117.490 7,331.014 7,550.945 7,777.473 8,010.797 8,251.12 Lead Account Clerk 16811 14 5,141.826 5,296.081 5,454.963 5,618.612 5,787.171 5,960.786 6,139.609 6,323.797 6,513.511 6,708.92 Lead Bus Driver 17241 14 5,141.826 5,296.081 5,454.963 5,618.612 5,787.171 5,960.786 6,139.609 6,323.797 6,513.511 6,708.92 Lead Facilities Maintenance Specialist 16461 17 5,618.612 5,787.171 5,960.786 6,139.609 6,323.797 6,513.511 6,708.917 6,910.184 7,117.490 7,331.01 Lead Public Safety Officer 15630 21 6,323.797 6,513.511 6,708.917 6,910.184 7,117.490 7,331.014 7,550.945 7,777.473 8,010.797 8,251.12 City of Santa Fe Springs
Fiscal Year 2024-2025 Salary Schedule
Effective July 1, 2024
JOB TITLE JOB ID RANGE STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8 STEP 9 STEP 10 Lead Water Utility Worker 15641 19 5,960.786 6,139.609 6,323.797 6,513.511 6,708.917 6,910.184 7,117.490 7,331.014 7,550.945 7,777.47 Librarian I 15700 19 5,960.786 6,139.609 6,323.797 6,513.511 6,708.917 6,910.184 7,117.490 7,331.014 7,550.945 7,777.47 Librarian II 14754 21 6,323.797 6,513.511 6,708.917 6,910.184 7,117.490 7,331.014 7,550.945 7,777.473 8,010.797 8,251.12 Librarian II Technical Services 14755 21 6,323.797 6,513.511 6,708.917 6,910.184 7,117.490 7,331.014 7,550.945 7,777.473 8,010.797 8,251.12 Librarian III 15000 24 6,910.184 7,117.490 7,331.014 7,550.945 7,777.473 8,010.797 8,251.121 8,498.655 8,753.615 9,016.22 Library Services Manager 5440 31 8,414.510 8,666.945 8,926.954 9,194.762 9,470.605 9,754.723 10,047.365 10,348.786 10,659.249 10,979.03 Management Analyst 16111 20 6,139.609 6,323.797 6,513.511 6,708.917 6,910.184 7,117.490 7,331.014 7,550.945 7,777.473 8,010.80 Mechanic Assistant 18070 10 4,568.446 4,705.499 4,846.664 4,992.064 5,141.826 5,296.081 5,454.963 5,618.612 5,787.171 5,960.79 Mechanic I 17250 13 4,992.064 5,141.826 5,296.081 5,454.963 5,618.612 5,787.171 5,960.786 6,139.609 6,323.797 6,513.51 Mechanic II 14980 20 6,139.609 6,323.797 6,513.511 6,708.917 6,910.184 7,117.490 7,331.014 7,550.945 7,777.473 8,010.80 Media and Communication Specialist I 17571 14 5,141.826 5,296.081 5,454.963 5,618.612 5,787.171 5,960.786 6,139.609 6,323.797 6,513.511 6,708.92 Media and Communication Specialist II 17572 17 5,618.612 5,787.171 5,960.786 6,139.609 6,323.797 6,513.511 6,708.917 6,910.184 7,117.490 7,331.01 Parks and Recreation Services Manager 05450 32 8,666.945 8,926.954 9,194.762 9,470.605 9,754.723 10,047.365 10,348.786 10,659.249 10,979.027 11,308.40 Parks and Recreation Supervisor 15041 24 6,910.184 7,117.490 7,331.014 7,550.945 7,777.473 8,010.797 8,251.121 8,498.655 8,753.615 9,016.22 Payroll Specialist 17261 15 5,243.644 5,400.954 5,562.982 5,729.872 5,901.768 6,078.821 6,261.186 6,449.021 6,642.492 6,841.77 Principal Accountant 13901 31 8,414.510 8,666.945 8,926.954 9,194.762 9,470.605 9,754.723 10,047.365 10,348.786 10,659.249 10,979.03 Principal Civil Engineer 12401 37 10,047.365 10,348.786 10,659.249 10,979.027 11,308.398 11,647.650 11,997.079 12,356.991 12,727.701 13,109.53 Principal Planner 05204 32 8,666.945 8,926.954 9,194.762 9,470.605 9,754.723 10,047.365 10,348.786 10,659.249 10,979.027 11,308.40 Procurement Manager 05400 37 10,047.365 10,348.786 10,659.249 10,979.027 11,308.398 11,647.650 11,997.079 12,356.991 12,727.701 13,109.53 Procurement Specialist 18075 10 4,568.446 4,705.499 4,846.664 4,992.064 5,141.826 5,296.081 5,454.963 5,618.612 5,787.171 5,960.79 Program Coordinator I 18511 12 4,846.664 4,992.064 5,141.826 5,296.081 5,454.963 5,618.612 5,787.171 5,960.786 6,139.609 6,323.80 Program Coordinator II 15531 21 6,323.797 6,513.511 6,708.917 6,910.184 7,117.490 7,331.014 7,550.945 7,777.473 8,010.797 8,251.12 Public Information Officer 14310 23 6,642.492 6,841.767 7,047.020 7,258.430 7,476.183 7,700.469 7,931.483 8,169.427 8,414.510 8,666.95 Public Safety Officer II 70402 15 5,296.081 5,454.963 5,618.612 5,787.171 5,960.786 6,139.609 6,323.797 6,513.511 6,708.917 6,910.18 Public Safety Officer Supervisor 15070 26 7,331.014 7,550.945 7,777.473 8,010.797 8,251.121 8,498.655 8,753.615 9,016.223 9,286.710 9,565.31 Public Safety Program Coordinator 70403 13 4,992.064 5,141.826 5,296.081 5,454.963 5,618.612 5,787.171 5,960.786 6,139.609 6,323.797 6,513.51 Public Works Inspector 14610 22 6,513.511 6,708.917 6,910.184 7,117.490 7,331.014 7,550.945 7,777.473 8,010.797 8,251.121 8,498.66 Public Works Maintenance Worker 18021 10 4,568.446 4,705.499 4,846.664 4,992.064 5,141.826 5,296.081 5,454.963 5,618.612 5,787.171 5,960.79 Public Works Manager 04011 37 10,047.365 10,348.786 10,659.249 10,979.027 11,308.398 11,647.650 11,997.079 12,356.991 12,727.701 13,109.53 Public Works Superintendent 03931 39 10,659.249 10,979.027 11,308.398 11,647.650 11,997.079 12,356.991 12,727.701 13,109.532 13,502.818 13,907.90 Revenue & Budget Manager 05020 37 10,047.365 10,348.786 10,659.249 10,979.027 11,308.398 11,647.650 11,997.079 12,356.991 12,727.701 13,109.53 Risk Analyst 14022 27 7,476.183 7,700.469 7,931.483 8,169.427 8,414.510 8,666.945 8,926.954 9,194.762 9,470.605 9,754.72 Senior Account Clerk 17211 13 4,992.064 5,141.826 5,296.081 5,454.963 5,618.612 5,787.171 5,960.786 6,139.609 6,323.797 6,513.51 City of Santa Fe Springs
Fiscal Year 2024-2025 Salary Schedule
Effective July 1, 2024
JOB TITLE JOB ID RANGE STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8 STEP 9 STEP 10 Senior Accountant 13900 27 7,476.183 7,700.469 7,931.483 8,169.427 8,414.510 8,666.945 8,926.954 9,194.762 9,470.605 9,754.72 Senior Administrative Analyst (PW) 13431 28 7,777.473 8,010.797 8,251.121 8,498.655 8,753.615 8,753.615 9,016.223 9,286.710 9,565.311 9,852.27 Senior Building Permit Technician 18086 13 4,992.064 5,141.826 5,296.081 5,454.963 5,618.612 5,787.171 5,960.786 6,139.609 6,323.797 6,513.51 Senior Bus Driver 18031 10 4,568.446 4,705.499 4,846.664 4,992.064 5,141.826 5,296.081 5,454.963 5,618.612 5,787.171 5,960.79 Senior Executive Assistant 16630 21 6,261.186 6,449.021 6,642.492 6,841.767 7,047.020 7,258.430 7,476.183 7,700.469 7,931.483 8,169.43 Senior Facilities Maintenance Specialist 17512 15 5,296.081 5,454.963 5,618.612 5,787.171 5,960.786 6,139.609 6,323.797 6,513.511 6,708.917 6,910.18 Senior Fire/Environmental Safety
Inspector 12301 29 7,931.483 8,169.427 8,414.510 8,666.945 8,926.954 9,194.762 9,470.605 9,754.723 10,047.365 10,348.79 Senior Human Resources Analyst 13420 31 8,414.510 8,666.945 8,926.954 9,194.762 9,470.605 9,754.723 10,047.365 10,348.786 10,659.249 10,979.03 Senior Management Analyst 15821 25 7,117.490 7,331.014 7,550.945 7,777.473 8,010.797 8,251.121 8,498.655 8,753.615 9,016.223 9,286.71 Senior Planner 13210 29 8,010.797 8,251.121 8,498.655 8,753.615 9,016.223 9,286.710 9,565.311 9,852.270 10,147.839 10,452.27 Senior Public Works Maintenance
Worker 17561 13 4,992.064 5,141.826 5,296.081 5,454.963 5,618.612 5,787.171 5,960.786 6,139.609 6,323.797 6,513.51 Senior Social Services Case Manager 16451 16 5,454.963 5,618.612 5,787.171 5,960.786 6,139.609 6,323.797 6,513.511 6,708.917 6,910.184 7,117.49 Senior Water Utility Worker 17532 15 5,296.081 5,454.963 5,618.612 5,787.171 5,960.786 6,139.609 6,323.797 6,513.511 6,708.917 6,910.18 Social Services Case Manager 17091 14 5,141.826 5,296.081 5,454.963 5,618.612 5,787.171 5,960.786 6,139.609 6,323.797 6,513.511 6,708.92 Streets Maintenance Supervisor 15022 24 6,910.184 7,117.490 7,331.014 7,550.945 7,777.473 8,010.797 8,251.121 8,498.655 8,753.615 9,016.22 Systems Analyst 14000 26 7,331.014 7,550.945 7,777.473 8,010.797 8,251.121 8,498.655 8,753.615 9,016.223 9,286.710 9,565.31 Technology Services Manager 03900 39 10,659.249 10,979.027 11,308.398 11,647.650 11,997.079 12,356.991 12,727.701 13,109.532 13,502.818 13,907.90 Traffic Engineer 12510 31 8,498.655 8,753.615 9,016.223 9,286.710 9,565.311 9,852.270 10,147.839 10,452.274 10,765.842 11,088.82 Traffic Signal and Lighting Assistant 18061 10 4,568.446 4,705.499 4,846.664 4,992.064 5,141.826 5,296.081 5,454.963 5,618.612 5,787.171 5,960.79 Traffic Signal and Lighting Supervisor 15030 24 6,910.184 7,117.490 7,331.014 7,550.945 7,777.473 8,010.797 8,251.121 8,498.655 8,753.615 9,016.22 Traffic Signal and Lighting Technician I 17500 13 4,992.064 5,141.826 5,296.081 5,454.963 5,618.612 5,787.171 5,960.786 6,139.609 6,323.797 6,513.51 Traffic Signal and Lighting Technician II 16040 18 5,787.171 5,960.786 6,139.609 6,323.797 6,513.511 6,708.917 6,910.184 7,117.490 7,331.014 7,550.95 Transportation Supervisor 15051 24 6,910.184 7,117.490 7,331.014 7,550.945 7,777.473 8,010.797 8,251.121 8,498.655 8,753.615 9,016.22 Water Meter Reader 18050 10 4,568.446 4,705.499 4,846.664 4,992.064 5,141.826 5,296.081 5,454.963 5,618.612 5,787.171 5,960.79 Water Quality & Backflow Cross
Connection Specialist 15110 22 6,513.511 6,708.917 6,910.184 7,117.490 7,331.014 7,550.945 7,777.473 8,010.797 8,251.121 8,498.66 Water Systems Operator 14760 22 6,513.511 6,708.917 6,910.184 7,117.490 7,331.014 7,550.945 7,777.473 8,010.797 8,251.121 8,498.66 Water Utility Manager 04001 37 10,047.365 10,348.786 10,659.249 10,979.027 11,308.398 11,647.650 11,997.079 12,356.991 12,727.701 13,109.53 City of Santa Fe Springs
Fiscal Year 2024-2025 Salary Schedule
Effective July 1, 2024
JOB TITLE JOB ID RANGE STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8 STEP 9 STEP 10 Water Utility Supervisor 14511 26 7,331.014 7,550.945 7,777.473 8,010.797 8,251.121 8,498.655 8,753.615 9,016.223 9,286.710 9,565.31 Water Utility Worker 17530 13 4,992.064 5,141.826 5,296.081 5,454.963 5,618.612 5,787.171 5,960.786 6,139.609 6,323.797 6,513.51 City of Santa Fe Springs
Fiscal Year 2024-2025 Salary Schedule
Effective July 1, 2024
JOB TITLE JOB ID UNIT RANGE STEP 1 STEP 2 STEP 3 STEP 4 STEP 5 STEP 6 STEP 7 STEP 8 STEP 9 STEP 10 Administrative Clerk I 72710 Hourly/Part-Time 9 20.268 20.876 21.503 22.148 22.812 23.497 24.201 24.927 25.675 26.446 Administrative Intern 70580 Hourly/Part-Time 1 16.000 16.480 16.974 17.484 18.008 18.548 19.105 19.678 20.268 20.876 Aquatics Aide 74450 Hourly/Part-Time 1 16.000 16.480 16.974 17.484 18.008 18.548 19.105 19.678 20.268 20.876 Bus Driver 72800 Hourly/Part-Time 8 19.678 20.268 20.876 21.503 22.148 22.812 23.497 24.201 24.927 25.675 Code Enforcement Inspector 70410 Hourly/Part-Time 15 24.201 24.927 25.675 26.446 27.239 28.056 28.898 29.765 30.658 31.577 Community Resources Aide 74411 Hourly/Part-Time 1 16.000 16.480 16.974 17.484 18.008 18.548 19.105 19.678 20.268 20.876 Community Services Program Leader I 74420 Hourly/Part-Time 3 16.974 17.484 18.008 18.548 19.105 19.678 20.268 20.876 21.503 22.148 Community Services Program Leader II 73000 Hourly/Part-Time 5 18.008 18.548 19.105 19.678 20.268 20.876 21.503 22.148 22.812 23.497 Community Services Program Leader II (PTB) 52010 Hourly/Part-Time 5 18.008 18.548 19.105 19.678 20.268 20.876 21.503 22.148 22.812 23.497 Community Services Program Leader III 72310 Hourly/Part-Time 10 20.876 21.503 22.148 22.812 23.497 24.201 24.927 25.675 26.446 27.239 Computer Technician 78010 Hourly/Part-Time 9 20.268 20.876 21.503 22.148 22.812 23.497 24.201 24.927 25.675 26.446 Environmental Intern 78020 Hourly/Part-Time 3 16.974 17.484 18.008 18.548 19.105 19.678 20.268 20.876 21.503 22.148 Heritage Park Ranger 72540 Hourly/Part-Time 3 16.974 17.484 18.008 18.548 19.105 19.678 20.268 20.876 21.503 22.148 Instructor Lifeguard I 72400 Hourly/Part-Time 4 17.484 18.008 18.548 19.105 19.678 20.268 20.876 21.503 22.148 22.812 Instructor Lifeguard II 72300 Hourly/Part-Time 7 19.105 19.678 20.268 20.876 21.503 22.148 22.812 23.497 24.201 24.927 Instructor Lifeguard III 72100 Hourly/Part-Time 12 22.148 22.812 23.497 24.201 24.927 25.675 26.446 27.239 28.056 28.898 Lead Recreation Instructor 70420 Hourly/Part-Time 16 24.927 25.675 26.446 27.239 28.056 28.898 29.765 30.658 31.577 32.525 Library Information Desk Assistant 72600 Hourly/Part-Time 10 20.876 21.503 22.148 22.812 23.497 24.201 24.927 25.675 26.446 27.239 Library Services Aide 74410 Hourly/Part-Time 1 16.000 16.480 16.974 17.484 18.008 18.548 19.105 19.678 20.268 20.876 Office Aide 74440 Hourly/Part-Time 1 16.000 16.480 16.974 17.484 18.008 18.548 19.105 19.678 20.268 20.876 Public Safety Officer 70400 Hourly/Part-Time 16 24.927 25.675 26.446 27.239 28.056 28.898 29.765 30.658 31.577 32.525 Public Works Aide 74430 Hourly/Part-Time 2 16.480 16.974 17.484 18.008 18.548 19.105 19.678 20.268 20.876 21.503 Recreation Instructor 79800 Hourly/Part-Time 6 18.548 19.105 19.678 20.268 20.876 21.503 22.148 22.812 23.497 24.201 *Effective January 1, 2025 State Minimum Wage Increase
FOR ITEM NO. 8, PLEASE SEE ITEM NO. 15
ITEM # 9
CITY OF SANTA FE SPRINGS
PUBLIC FINANCING AUTHORITY AGENDA STAFF REPORT
TO: Honorable Chair and Board Members
FROM: René Bobadilla, P.E., Executive Director
BY: Lana Dich, Director of Finance & Administrative Services SUBJECT: MONTHLY REPORT ON THE STATUS OF DEBT INSTRUMENTS
ISSUED THROUGH THE CITY OF SANTA FE SPRINGS PUBLIC
FINANCING AUTHORITY (PFA)
DATE: February 18, 2025
RECOMMENDATION(S):
It is recommended that the City Council:
1) Receive and file the report.
FISCAL IMPACT
None.
BACKGROUND/DISCUSSION
The Santa Fe Springs Public Financing Authority (PFA) is a City entity that has periodically issued debt for the benefit of the Santa Fe Springs community. The following is a brief status report on the debt instruments currently outstanding that were issued through the PFA.
Consolidated Redevelopment Project 2006-A Tax Allocation Bonds Financing proceeds available for appropriation at 1/31/2025 None Outstanding principal at 1/31/2025 $25,205,601
Bond Repayment
The former Community Development Commission (CDC) issued a number of tax allocation bonds before it was dissolved by State law effective February 1, 2012 which are administered by the City acting as Successor Agency under the oversight of the appointed Oversight Board. The Successor Agency no longer receives tax increment.
CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 18, 2025 Monthly Report on the Status of Debt Instruments Issued through the City of Santa Fe Springs Public Financing Authority (PFA)
Instead, distributions from the Redevelopment Property Tax Trust Fund (RPTTF) are received based on approved obligations. It is anticipated that sufficient allocations from the RPTTF will continue to be made to the Successor Agency to meet ongoing debt service obligations.
Unspent Bond Proceeds
Under an approved Bond Expenditure Agreement, unspent bond proceeds of the former CDC in the amount of approximately $19 million were transferred to the City in July 2014.
The funds are to be spent in accordance with the original bond documents. The unspent proceeds continue to be a source of funding within the City’s capital improvement program (CIP).
2016 Bond Refunding
In July 2016, the Successor Agency issued its 2016 Tax Allocation Refunding Bonds, which paid off several bond issuances of the former CDC. The bonds were originally issued through the Public Financing Authority and included the 2001 Series A, 2002 Series A, 2003 Series A, the current interest portion of the 2006 Series A, and 2006 Series B bond issuances.
2017 Bond Refunding
In December 2017, the Successor Agency issued its 2017 Tax Allocation Refunding Bonds, which paid off the 2007 Tax Allocation Bonds of the former CDC. The 2007 Bonds were originally issued through the Public Financing Authority.
ANALYSIS
The report is presented for informational purposes only.
ENVIRONMENTAL
N/A
SUMMARY/NEXT STEPS
The Successor Agency will continue to request sufficient distributions from the RPTTF to make required bond payments through maturity on September 1, 2028.
ATTACHMENT(S):
None.
CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 18, 2025 Monthly Report on the Status of Debt Instruments Issued through the City of Santa Fe Springs Public Financing Authority (PFA)
ITEM STATUS:
APPROVED:
DENIED:
TABLED:
DIRECTION GIVEN:
FOR ITEM NO. 10, PLEASE SEE ITEM NO. 15
ITEM # 11
CITY OF SANTA FE SPRINGS
WATER UTILITY AUTHORITY AGENDA STAFF REPORT
TO: Honorable Chair and Board Members
FROM: René Bobadilla, P.E., Executive Director
BY: Lana Dich, Director of Finance
SUBJECT: MONTHLY REPORT ON THE STATUS OF DEBT INSTRUMENTS
ISSUED THROUGH THE CITY OF SANTA FE SPRINGS WATER UTILITY
AUTHORITY (WUA)
DATE: February 18, 2025
RECOMMENDATION(S):
It is recommended that the City Council:
1) Receive and file the report.
FISCAL IMPACT
None.
BACKGROUND/DISCUSSION
The Santa Fe Springs Water Utility Authority (WUA) is a City entity that has issued debt for the benefit of the Santa Fe Springs community. The following is a brief status report on the debt instruments currently outstanding that were issued through the WUA.
Water Revenue Bonds, 2013
Financing proceeds available for appropriation at 1/31/2025 None Outstanding principal at 1/31/2025 $6,890,000
Water Revenue Bonds, 2018
Financing proceeds available for appropriation at 1/31/2025 None Outstanding principal at 1/31/2025 $395,000
In May 2013 the Water Utility Authority issued the 2013 Water Revenue Bonds in the amount of $6,890,000. The bonds refunded the existing 2003 Water Revenue Bonds CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 18, 2025 Monthly Report on the Status of Debt Instruments Issued through the City of Santa Fe Springs Water Utility Authority (WUA)
ITEM STATUS:
APPROVED:
DENIED:
TABLED:
DIRECTION GIVEN:
(issued through the Public Financing Authority) and provided additional funds for water improvement projects in the amount of $2,134,339. The funds were restricted for use on water system improvements. In August 2013 the Water Utility Authority Board appropriated the proceeds for the Equipping Water Well No. 12 Project and all proceeds were since used on this project.
In January 2018 the Water Utility Authority issued the 2018 Water Revenue Bonds in the amount of $1,800,000. The bonds refunded the existing 2005 Water Revenue Bonds (issued through the Public Financing Authority). No additional funds were raised through the issuance of the 2018 Water Revenue Bonds.
The WUA was formed in June of 2009. Water revenue bonds issued prior to this date were issued through the City of Santa Fe Springs Public Financing Authority.
ANALYSIS
The report is presented for informational purposes only.
ENVIRONMENTAL
N/A
SUMMARY/NEXT STEPS
The WUA budget includes sufficient appropriations and adequate revenues are expected to be collected to meet the debt service obligations associated with the 2013 and 2018 Water Revenue Bonds.
ATTACHMENT(S):
None.
ITEM # 12
CITY OF SANTA FE SPRINGS
WATER UTILITY AUTHORITY AGENDA STAFF REPORT
TO: Honorable Chair and Board Members
FROM: René Bobadilla, P.E., Executive Director
BY: James Enriquez, P.E., Director of Public Works / City Engineer SUBJECT: LOS ANGELES GATEWAY REGION INTEGRATED REGIONAL
WATER MANAGEMENT JOINT POWERS AUTHORITY - ADOPTION
OF RESOLUTION NO. 9945, APPOINTING PRIMARY BOARD
MEMBER AND ALTERNATES
DATE: February 18, 2025
RECOMMENDATION:
It is recommended that the Water Utility Authority:
1) Adopt Resolution No. 9945 appointing a primary member and alternates to the Los Angeles Gateway Region Integrated Regional Water Management Joint Powers Authority governing board; and
2) Take such additional, related, action that may be desirable.
FISCAL IMPACT
There may be potential financial benefits resulting from future approvals of regional project grants.
BACKGROUND
In 2007, the City Council authorized the City’s participation in the Los Angeles Gateway Cities Integrated Regional Water Management Joint Powers Authority (GWMA). The GWMA was created to promote regional solutions to water issues and has successfully secured State and Federal funding for water quality-related improvements.
ANALYSIS
The City of Santa Fe Springs is a voting member of the Joint Powers Authority. The benefits of membership include, but are not limited to, the following:
CITY COUNCIL AGENDA REPORT – MEETING OF February 18, 2025 Los Angeles Gateway Region Integrated Regional Water Management Joint Powers Authority - Adoption Of Resolution No. 9945, Appointing A Member And Alternates
• Participation in cost-sharing on critical watershed issues and regional programs • Inclusion in regional projects proposed for State and Federal grants • Specialized administrative support is necessary to meet State and Federal Funding requirements, and
• Equitable input on regional water issues.
ENVIRONMENTAL
There is no environmental impact associated with this action
DISCUSSION
Not applicable.
SUMMARY/NEXT STEPS
Not applicable.
ATTACHMENTS:
A. Resolution No. 9945
ITEM STATUS:
APPROVED: ☐
DENIED: ☐
TABLED: ☐
DIRECTION GIVEN: ☐
APPROVED:
ITEM NO.:
RESOLUTION NO. 9945
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA FE SPRINGS,
CALIFORNIA APPOINTING A MEMBER AND ALTERNATES TO THE LOS ANGELES
GATEWAY REGION INTEGRATED REGIONAL WATER MANAGEMENT JOINT
POWERS AUTHORITY GOVERNING BOARD
WHEREAS, the Los Angeles Gateway Region Integrated Regional Water Management Joint Powers Authority (GWMA) was formed in 2007 in response to the passage of two voter approved water bonds; Proposition 50, passed in 2002 and Proposition 84, passed in 2006; and
WHEREAS, the City of Santa Fe Springs is a member of the GWMA; and WHEREAS, each member agency shall appoint one Member and up to three Alternate Members to the Governing Board in accordance with the GWMA Bylaws; and WHEREAS, pursuant to the GWMA Bylaws, the Member and Alternate Members appointed by this Resolution shall hold office until replaced.
NOW, THEREFORE, BE IT RESOLVED as follows:
1. Effective February 18, 2025, Public Works Director, James Enriquez, is appointed to serve as the GWMA Board Member representing the City of Santa Fe Springs.
2. Effective February 18, 2025, Water Utility Manager, Frank Sanchez, Civil Engineering Assistant I, Sarina Morales-Choate, and Water Utility Supervisor, Hector Rodriguez are appointed to serve as alternate Board Members representing the City of Santa Fe Springs.
3. The Board Member and alternate Board Member(s) designated above shall continue in their respective positions as if re-appointed for each successive year, unless the Board Member or alternate Board Member(s) is replaced by subsequent action of this legislative body, or he or she ceases to be employed by the agency.
PASSED, APPROVED, AND ADOPTED this 18th day of February 2025. ______________________________
William K. Rounds, Mayor
ATTEST:
______________________________
Fernando Munoz, City Clerk
FOR ITEM NO. 13, PLEASE SEE ITEM NO. 15
FOR ITEM NO. 14, PLEASE SEE ITEM NO. 15
ITEM # 15
CITY OF SANTA FE SPRINGS
CITY COUNCIL AGENDA STAFF REPORT
TO: Honorable Mayor and City Council Members
FROM: René Bobadilla, P.E., City Manager
BY: Fernando N. Muñoz, City Clerk
SUBJECT: MINUTES OF THE JANUARY 21, 2025 CITY COUNCIL MEETINGS DATE: February 18, 2025
RECOMMENDATION(S):
It is recommended that the City Council:
1) Approve the minutes as submitted.
FISCAL IMPACT
N/A
BACKGROUND
Staff has prepared minutes for the following meeting:
• Council Meeting of January 21, 2025
ANALYSIS
N/A
ENVIRONMENTAL
N/A
DISCUSSION
N/A
CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 18, 2025 Minutes of the Regular Council Meetings Page 2 of 2
SUMMARY/NEXT STEPS
N/A
ATTACHMENT(S):
A. January 21, 2025 Meeting Minutes
ITEM STATUS:
APPROVED:
DENIED:
TABLED:
DIRECTION GIVEN:
APPROVED:
MINUTES OF THE MEETINGS OF THE
CITY COUNCIL
January 21, 2025
CALL TO ORDER
Mayor Rounds called the meeting to order at 6:00 p.m.
ROLL CALL
Members present: Councilmembers/Directors: Mora, Martin, Rodriguez, Mayor Pro Tem/Vice Chair Zamora, and Mayor/Chair Rounds.
Members absent: None
INVOCATION
Cindy Jarvis led the invocation.
PLEDGE OF ALLEGIANCE
Boy Scout Troop 5530 led the pledge of allegiance.
INTRODUCTIONS
Mayor Rounds introduced the following members from the Chamber of Commerce:
1. Ross Guile – DigiCal Web Designs
2. Diego De Lama – State Farm Insurance
3. Kathie Fink – SFS Chamber CEO
PRESENTATIONS
1. RECOGNITION OF HOLIDAY BASKET PROGRAM DONORS
2. RECOGNITION OF PHOTO CONTEST WINNERS
CHANGES TO AGENDA
None
PUBLIC COMMENTS
None
STAFF COMMUNICATIONS ON ITEMS OF COMMUNITY INTEREST
None
OLD BUSINESS
3. APPOINTMENT OF MEMBERS TO CITIZENS’ OVERSIGHT COMMITTEE RECOMMENDATION: It is recommended that the City Council:
Minutes of the January 21, 2025 Housing Successor, Successor Agency, and City Council Meetings
1) Make appointments to Citizens’ Oversight Committee; and 2) Take such additional, related action that may be desirable.
It was moved by Councilmember Mora, seconded by Councilmember Martin, to approve Jeff Hamilton, Stephane Wandel, and Wendy Meador-Kunert as the three members submitted for consideration by the Santa Fe Springs Chamber of Commerce to serve on the Citizens’ Oversight Committee. The motion carried unanimously.
Council deliberated on the two resident appointments for the Citizens’ Oversight Committee.
After some discussion, Council agreed to nominate Sergio Valenzuela and Jay Sarno as the resident appointments to the committee.
It was moved by Mayor Rounds, seconded by Mayor Pro Tem Zamora, to appoint Sergio Valenzuela and Jay Sarno as resident appointments, and Stephane Wandel, Jeff Hamilton, and Wendy Meador-Kunert as business appointments to the Citizens’ Oversight Committee, by the following vote:
Ayes: Mora, Martin, Rodriguez, Zamora, Rounds
Noes: None
Absent: None
Recuse: None
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.
PUBLIC FINANCING AUTHORITY
4. MINUTES OF THE DECEMBER 10, 2024 PUBLIC FINANCING AUTHORITY MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Public Financing Authority:
1) Approve the minutes as submitted.
5. MONTHLY REPORT ON THE STATUS OF DEBT INSTRUMENTS ISSUED THROUGH THE
CITY OF SANTA FE SPRINGS PUBLIC FINANCING AUTHORITY (PFA) (FINANCE) RECOMMENDATION: It is recommended that the Public Financing Authority:
1) Receive and file the report.
WATER UTILITY AUTHORITY
6. MINUTES OF THE DECEMBER 10, 2024 WATER UTILITY AUTHORITY MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Water Utility Authority:
Minutes of the January 21, 2025 Housing Successor, Successor Agency, and City Council Meetings
1) Approve the minutes as submitted.
7. MONTHLY REPORT ON THE STATUS OF DEBT INSTRUMENTS ISSUED THROUGH THE
CITY OF SANTA FE SPRINGS WATER UTILITY AUTHORITY (WUA) (FINANCE) RECOMMENDATION: It is recommended that the Water Utility Authority:
1) Receive and file the report.
HOUSING SUCCESSOR
8. MINUTES OF THE DECEMBER 10, 2024 HOUSING SUCCESSOR MEETINGS (CITY CLERK) RECOMMENDATION: It is recommended that the Housing Successor:
1) Approve the minutes as submitted.
SUCCESSOR AGENCY
9. MINUTES OF THE DECEMBER 10, 2024 SUCCESSOR AGENCY MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Successor Agency:
1) Approve the minutes as submitted.
10.ADOPT RESOLUTION SA-2025-001 APPROVING THE SUCCESSOR AGENCY’S RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 25-26) AND ADMINISTRATIVE BUDGET FOR THE PERIOD JULY 1, 2025 THROUGH JUNE 30, 2026 (FINANCE) RECOMMENDATION: It is recommended that the Successor Agency:
1) Adopt Resolution SA-2025-001 Approving the Successor Agency’s Recognized Obligation Payment Schedule (ROPS 25-26) and Administrative Budget for the Period July 1, 2025 through June 30, 2026.
CITY COUNCIL
11.MINUTES OF THE DECEMBER 10, 2024 CITY COUNCIL MEETINGS (CITY CLERK) RECOMMENDATION: It is recommended that the City Council:
1) Approve the minutes as submitted.
12.FLEET MAINTENANCE HOSE REEL SYSTEM – APPROVAL TO ISSUE PURCHASE ORDER (PUBLIC WORKS)
RECOMMENDATION: It is recommended that the City Council:
Minutes of the January 21, 2025 Housing Successor, Successor Agency, and City Council Meetings
1) Award a purchase order in the amount not-to-exceed $80,000 to Autolift Services, Inc. for the installation of a new hose reel system for the City’s vehicle maintenance garage; and 2) Authorize the Procurement Manager to issue a purchase order in the amount not-to-exceed $2,500 per fiscal year for three (3) years to Autolift Services for ongoing and preventative maintenance of the new hose reel system; and
3) Take such additional, related, action that may be desirable.
13.CITY HALL WEST WING OFFICE RENOVATION – AWARD OF CONTRACT (PUBLIC WORKS)
RECOMMENDATION: It is recommended that the City Council:
1) Award a construction contract to CTG Construction, Inc. dba C.T. Georgiou Painting Co., of Wilmington, California in the amount of $481,424.80 for the construction of the City Hall West Wing Office Renovation and authorize the City Manager to execute the agreement; and 2) Authorize the City Manager to execute Task Order No. 86 to Southstar Engineering, Inc., for On-Call Professional Engineering Services for Construction Management and Inspection Services for $ 114,975.00; and
3) Take such additional, related action that may be desirable.
14.FIRE STATION HEADQUARTERS OFFICE RENOVATION – AWARD OF CONTRACT (PUBLIC WORKS)
RECOMMENDATION: It is recommended that the City Council:
1) Award a construction contract to RAMCO General Engineering Contractors, Inc., of Sylmar, California in the amount of $404,313.00 for the Fire Station Headquarters Office Renovation project, and authorize the City Manager to execute the agreement; and 2) Authorize the City Manager to execute Task Order No. 87 to Southstar Engineering, Inc., for On-Call Professional Engineering Services for Construction Management and Inspection Services for $114,975.00; and
3) Take such additional, related action that may be desirable.
15.CITY-WIDE STREET LIGHT CONVERSION PROJECT – AWARD OF CONTRACT (PUBLIC WORKS)
RECOMMENDATION: It is recommended that the City Council:
1) Award a construction contract to Yunex, LLC., of Anaheim, California in the amount of $114,945.00 for the City-Wide Street Light Conversion Project and authorize the City Manager to execute the agreement; and
Minutes of the January 21, 2025 Housing Successor, Successor Agency, and City Council Meetings
2) Authorize the City Manager to execute Task Order No. 88 to Southstar Engineering, Inc., for On-Call Professional Engineering Services for Construction Management and Inspection Services for $ 44,800.00; and
3) Take such additional, related action that may be desirable.
16.AUTHORIZATION TO AWARD CITY-WIDE BRANDING SERVICES RFP 25-5 TO WE THE
CREATIVE (COMMUNITY SERVICES)
RECOMMENDATION: It is recommended that the City Council:
1) Authorize the award of RFP 25-5 to We The Creative for City-Wide Branding Services; and 2) Approve the Professional Service Agreement between the City of Santa Fe Springs and We The Creative; and
3) Take such additional, related action that may be desirable.
17.ORDINANCE NO. 1154 – ADDING SECTION 10.24 (NAMING OF PUBLIC FACILITIES AND STREETS) TO CHAPTER 10 (GENERAL PROVISIONS) OF TITLE I (GENERAL
PROVISIONS) 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) Find and determine that the Ordinance is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15061(b)(3); and 2) Introduce by title only and waive further reading of Ordinance No. 1154: An Ordinance of the City of Santa Fe Springs Municipal Code relating to the Naming of Public Facilities and Streets; and
3) Take such additional, related action that may be desirable.
It was moved by Councilmember Martin, seconded by Councilmember Rodriguez, to approve the consent calendar, by the following vote:
Ayes: Mora, Martin, Rodriguez, Zamora, Rounds
Noes: None
Absent: None
Recuse: None
APPOINTMENTS TO BOARDS, COMMITTEES, AND COMMISSIONS
Councilmember Mora appointed Eddie Barrios to the Parks and Recreation Advisory Committee.
COUNCIL COMMENTS/AB1234 COUNCIL CONFERENCE REPORTING
Councilmember Mora had nothing to report.
Councilmember Martin talked about the homeless encampments on Telegraph Road that Director of Police Services, Arlene Salazar addressed.
Minutes of the January 21, 2025 Housing Successor, Successor Agency, and City Council Meetings
Councilmember Rodriguez thanked Whittier Police Department for relocating the homeless encampment in her neighborhood. She also promoted LA CADA.
Mayor Pro Tem Zamora spoke about attending the transportation meeting at the city of Downey where some of the issues discussed were the synchronization of lights. He also brought up statistics regarding the amount of money provided vs received in regards to homeless contributions. He promoted Quartermania on Feb 21st and thanked the local Anheuser-Busch distribution center for donations to the fire victims.
Mayor Rounds asked for prayers to those affected by the Eaton and Palisades fires, and noted all of the great contributions from the community.
ADJOURNMENT
Mayor Rounds adjourned the meeting in memory of Samantha Haun and Frank Martene at 7:00 p.m.
_____________________
William K. Rounds
Mayor
ATTEST:
_____________________
Fernando N. Muñoz Date
City Clerk
ITEM # 16
CITY OF SANTA FE SPRINGS
CITY COUNCIL AGENDA STAFF REPORT
TO: Honorable Mayor and City Council Members
FROM: René Bobadilla, P.E., City Manager
BY: Fernando N. Muñoz, City Clerk
SUBJECT: RESOLUTION NO. 9886 - DECLARING A TRUSTED SYSTEM FOR THE
MANAGEMENT OF CITY RECORDS AND THE AUTOMATION OF
RETENTION REQUIREMENTS
DATE: February 18, 2025
RECOMMENDATION(S):
It is recommended that the City Council:
1) Adopt Resolution No. 9886, designating Laserfiche as a Trusted Records Management System.
FISCAL IMPACT
The City currently spends approximately $36,000 annually on off-site records storage with Certified USA. On November 12, 2024 Council approved funding for this project and award a contract to Viatron Systems for city-wide document imaging. As documents are scanned and stored in the trusted electronic system, the need for off-site storage will decrease, thereby reducing storage costs.
BACKGROUND
The California Public Records Act defines records as any "writing containing information relating to the conduct of the public's business, prepared, owned, used, or retained by any state or local agency, regardless of physical form or characteristics." While many records are now received in electronic format, the City still retains a significant volume of paper records.
State laws and regulations have been enacted to allow government agencies to convert paper records to electronic formats. Storing records electronically offers significant cost CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 18, 2025 Declaring Laserfiche as a Trusted System Page 2 of 3
savings by reducing the need for both onsite and offsite storage, while also improving access to records.
Furthermore, the Secretary of State has established regulations (Chapter 15, Division 7, Title 2 of the California Code of Regulations) to govern the electronic recording, storage, and reproduction of records. These regulations ensure that when paper records are converted to electronic versions, the original hardcopy can be destroyed, and the electronic version will serve as the official record.
The City Clerk’s Office has worked with other City departments to ensure that the City's enterprise content management system, Laserfiche, complies with these regulations and meets the requirements for a "Trusted System."
Laserfiche is used to store records electronically in PDF and/or TIFF format. The system includes audit capabilities to track actions taken on records, such as additions, deletions, and views. Security measures are in place to restrict access to records based on user permissions.
ANALYSIS
In accordance with California law (Government Code Section 12168.7), the City Council must declare a "trusted system" to legally dispose of paper records once they have been digitized. A "trusted system" refers to a combination of technologies, policies, and procedures ensuring that no plausible scenario exists in which a public record retrieved or reproduced from the system differs substantially from the original.
ENVIRONMENTAL
The proposed activity has been reviewed for compliance with the California Environmental Quality Act (CEQA) and has determined that the activity is not a “Project” as defined under Section 15378 of the State CEQA Guidelines because it will not result in a physical change to the environment. Therefore, pursuant to Section 15060(c)(3) of the State CEQA guidelines, the activity is not subject to CEQA.
DISCUSSION
Adopting the proposed resolution and designating Laserfiche as a Trusted Records Management System will help the City comply with applicable laws and regulations. This designation will also allow for the automation of retention requirements for electronic records, streamlining the overall records management process.
No records will be destroyed without the prior written approval of the Department Head of the Office of Record, the City Clerk, and the City Attorney. Retention periods for records may be suspended in cases of litigation, claims, audits, Public Records Act requests, or investigations. Once these matters are resolved, the records will be subject to the established retention periods.
CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 18, 2025 Declaring Laserfiche as a Trusted System Page 3 of 3
SUMMARY/NEXT STEPS
The City Clerk and City Attorney will periodically review and update the Records Retention Schedule with input from relevant departments. The City Clerk will also ensure that all staff involved in scanning records into the trusted system receive the necessary training before any records are digitized or destroyed.
ATTACHMENT(S):
A. Resolution No. 9886
ITEM STATUS:
APPROVED:
DENIED:
TABLED:
DIRECTION GIVEN:
RESOLUTION NO. 9886
A RESOLUTION OF THE SANTA FE SPRINGS CITY COUNCIL DECLARING A TRUSTED
SYSTEM FOR THE MANAGEMENT OF RECORDS AND THE AUTOMATION OF
RETENTION REQUIREMENTS AND ADOPTING THE TRUSTED ELECTRONIC SYSTEM POLICY
WHEREAS, on August 25, 2008 the City Council adopted Resolution No. 9136 adopting a Records Retention Schedule and granting authority to revise all City Records Retention Schedules by written approval of the City Clerk, City Manager, and City Attorney. ;and
WHEREAS, California Government Code Section 12168.7 provides uniform statewide standards for storing documents in electronic medium; and WHEREAS, the Secretary of State has adopted Trustworthy Electronic Document or Record Preservation regulations, located in Chapter 15, Division 7, Title 2 of the California Code of Regulations, which govern the recording, storing, and reproducing of Records in electronic media where the intent is to destroy the original hardcopy and maintain the electronic copy as the official Record; and
WHEREAS, Section 34090, et seq, of the Government Code of the State of California provides parameters whereby any City Record which has served its purpose and is no longer required may be destroyed including the requirement that certain Records be reproduced prior to destruction on a “Trusted System,” as defined in California Government Code Section 12167.7; and
WHEREAS, the City uses Laserfiche as the repository of storing electronic Records for the City in compliance with Government Code Section 34090.5 and stores those Records in TIFF and/or PDF format; and
WHEREAS, the City Clerk and Information Technology Departments have worked together to ensure the City’s document management system, and all Records stored within the system, are kept in accordance with the State’s “Trusted System” requirements; and WHEREAS, Laserfiche has audit capabilities to track Records as they are added, deleted, and viewed in the system; and
WHEREAS, folder-level permissions and restrictions have been established in Laserfiche to ensure only appropriate personnel have access to records; and WHEREAS, a Trusted Electronic System Policy, attached hereto as Exhibit A, has been developed to define the requirements of the City of Santa Fe Springs to follow for the protection and management of records and to provide guidance to employees, contractors, and volunteers of the City that are authorized to scan, import, create, modify or delete Records in the Laserfiche system; and
WHEREAS, procedures have been developed for the implementation of the Retention Schedule and to provide for the routine disposition of Records during the normal course of business; and
WHEREAS, a Trusted System consists of adopted policies, procedures and technology that meet the State of California requirements; and
WHEREAS, collectively the City’s comprehensive Retention Schedule, Trusted System Policy, and established procedures, and Laserfiche technology constitute a Trusted System in accordance with State Law.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Santa Fe Springs does hereby resolve as follows:
SECTION 1. The Recitals set forth above are true and correct and incorporated in full, herein.
SECTION 2. Laserfiche is declared the City’s records storage repository.
SECTION 3. Laserfiche is backed up and the backup copy is stored offsite on a routine schedule in a format that cannot be altered.
SECTION 4. The City Council hereby adopts the Trusted Electronic System Policy instituting the City’s standards for proper management of Records set forth in Exhibit A, attached hereto and incorporated herein by this reference.
SECTION 5. The City Council hereby declares that the adopted Retention Schedule, Trusted System Policy, and Laserfiche technology collectively establish the City of Santa Fe Springs’ Trusted System.
SECTION 6. The City Council hereby considers electronic records stored in Laserfiche as the City’s official records and approves the destruction of paper, microfiche, or other electronic media copies of those records upon completion of quality control (i.e., verification of document entirety and image quality).
SECTION 7. The City Clerk is hereby directed to establish training for the proper storage and administration of the Retention Schedule and Trusted System Policy for electronically stored records for the City of Santa Fe Springs.
SECTION 8. This resolution is exempt from the California Environmental Quality Act (“CEQA”) under Section 15061(b)(3) of the CEQA Guidelines, which provides that CEQA only applies to projects that have the potential for causing a significant effect on the environment.
Where, as here, it can be seen with certainty that there is no possibility that the activity in question would have a significant effect on the environment, the activity is not subject to CEQA.
SECTION 9. If any section, subsection, sentence, clause, or phrase of this resolution is for any reason held to be invalid or unconstitutional by a decision of any court of any competent jurisdiction, such decision shall not affect the validity of the remaining portions of this resolution. The City Council hereby declares that it would have passed this resolution, and each and every section, subsection, sentence, clause and phrase thereof not declared invalid or unconstitutional without regard to whether any portion of the ordinance would be subsequently declared invalid or unconstitutional.
SECTION 10. The City Clerk shall certify to the adoption of this Resolution.
SECTION 11. The Resolution shall take effect immediately upon its adoption by City Council.
APPROVED AND ADOPTED this 18th day of February, 2025 by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
_________________________
William K. Rounds, Mayor
ATTEST:
_____________________________
Fernando N. Muñoz, City Clerk
EXHIBIT A
TRUSTED ELECTRONIC SYSTEM POLICY
PURPOSE
This Policy provides for a Trusted Electronic System that meets State and federal laws and requirements for the management of City Records, and provides guidance to employees, contractors, and volunteers of the City that are authorized to scan, import, create, modify or delete Records into the Laserfiche system where the electronic Record is to serve as the City’s official Record.
SCOPE
This Policy applies to employees, volunteers, or contractors who scan, import, create, search for, modify or delete information into the City’s systems where the electronic document is to serve as the City’s official Record.
DEFINITIONS
For the purpose of this policy, the following terms are defined as provided below:
ECMS: Electronic Content Management System
Official Records: For purposes of this Policy and compliance with the Retention Schedule an “official record” is defined as a lasting indication of a writing, event or other information, which is in the custody of City employees or elected or appointed City officials or bodies, and is kept either (1) because a law requires it to be kept or (2) because it is necessary or convenient to the discharge of the City's duties and was made or retained for the purpose of preserving its informational content for future reference.
This policy applies to all types of records, including records in any of the following forms:
a) Hard copy, including but not limited to paper documents, forms, photos, reports, manuals, maps, drawings, microfilm, and video; and
b) Electronic form, in structured or unstructured format, including electronic communication, and associated metadata, regardless of the location or device upon which the information is stored.
Even though records include a broad spectrum of recorded information, not all information held by the City is a record. Information that is not a record (for example Convenience Information) does not require retention scheduling or destruction authorization or reporting.
To control excessive accumulation, it is necessary to keep only current, useful materials and to destroy Convenience Information as soon as its use has been met. City staff should take care not to file Convenience Information with records. For a list of examples of Convenience Information see Attachment A.
Retention Period: The length of time an official record is retained, according to the Retention Schedule.
POLICY
1. Full Compliance with Law. The City will be in full compliance with all applicable Federal and State laws and regulations to ensure the integrity of official Records.
2. City Clerk Responsible for City-wide Records Management Policies. The City Clerk is responsible for developing Retention Schedule, deletion procedure, and standards for the management of City Records in the electronic repository.
3. Electronic Official Records Must Follow Procedures. When relying on an electronic record as the City’s official record, written procedures in compliance with this policy must be developed and followed by each department.
4. Prior Approval for Systems. The City has purchased and supports Laserfiche as the ECMS, which serves as the repository for the City’s Official Records. No department may acquire a system intended to store “Trusted Electronic Records,” without the approval of the City Manager, City Clerk, and Information Technology department and a corresponding amendment to this Policy.
5. Retention Periods Apply. Retention periods from the City’s Retention Schedule for records are to be configured into the ECMS software and a procedure created for the deletion of records.
6. New Records Series Require Prior Approval. Whether scanning is done “in-house” (by City employees,) or “outsourced” (by contracted services,) any new records series to be imaged or which is intended to serve as the City’s official record must be approved by the City Clerk prior to commencement, this approval request must be submitted in writing by using the designated forms assigned by the City Clerk.
7. Office of Record Responsible. In general, only the department who is listed as the “Office of Record,” responsible for maintaining the City’s original record, is the department who is responsible for assuring that documents are input into the system that will serve as the City’s original record.
8. Location of Electronic Official Records Require Prior Approval. It is not desirable to store electronic records intended to serve as the City’s official record on “File Shares” (on your shared hard drives,) or an email repository which generally support drafts or copies, and which are difficult to store on unalterable media as required by law (or separate the final official record from the draft or copy so they can be properly managed.) Electronic records intended to serve as the City’s official record shall be maintained in the Trusted System repository approved by the City Clerk and Information Technology. Unofficial records or convenience information (Attachment A) do not need to be listed on the disposition log and may be destroyed at any time without adhering to a retention period.
APPROVED:
ITEM NO.:
RESOLUTION NO. 9886
Attachment A
Examples of Convenience Information
• Identical copies of documents;
• Extra copies of printed or processed materials kept only for convenience or reference;
• Superseded manuals and other directives (maintained outside the office of record);
• Working papers, such as miscellaneous notices of community affairs, employee meetings, holiday notices, library and reference materials; • Appointment logs;
• Notes or drafts assembled or created in the preparation of other documents; worksheets, rough drafts of letters, memoranda, or reports; • Catalogs, trade journals and other publications or papers received from external companies or agencies require no action and are not part of an official record; and
• Stocks of publications or blank forms that are kept for supply purposes only.
ITEM # 17
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 DECEMBER 31, 2024
DATE: February 18, 2025
RECOMMENDATION(S):
It is recommended that the City Council:
1) Receive and file the report.
FISCAL IMPACT
Investment earnings for the quarter ended December 2024 amounted to $1,685,152.
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 February 18, 2025 Treasurer’s Report of Investments for the Quarter Ended December 31, 2024
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 $723,721 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 December 31, 2024 was 4.32%, increase from 4.28% 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 4.32% as of December 31, 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 February 18, 2025 Treasurer’s Report of Investments for the Quarter Ended December 31, 2024
portfolio performance. The City’s benchmark is the 1-5 Year U.S. Treasury Index. The total return for the City’s portfolio for the quarter ended December 31, 2024 was -0.54% vs. the benchmark’s total return of -0.77%; the City’s portfolio outperformed the benchmark by 0.23%. Since inception of the managed portfolio (January 2016) the total return for the City’s portfolio was 1.63% vs. the benchmark total return of 1.27% through December 31, 2024. Due to a system glitch with PFMAM, the benchmark information for the quarter ending December 2024 is currently unavailable.
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 4.62% for the quarter while CAMP returned 4.65% and the MMF returned 3.92%. Interest earnings for the quarter amounted to $291,441, $625,630, and $44,358, 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 $ 120.2 million
Successor Agency Bond Fund 19.7 million
Bonds Reserves and Debt Service 3.8 million
Total Investments $ 143.7 million
Pooled cash and investments consist of the PFMAM managed account, LAIF, and CAMP.
The Successor Agency bond funds are held in LAIF and are the source of funds for ongoing capital improvement projects. Spending on multiple capital projects has occurred and these funds will be drawn down for deposit into the City’s pooled cash and investments.
The bond reserves and debt service funds consist of the MMF accounts held, as required, by the City’s third party trustee, U.S. Bank. These funds are held for debt service payments and reserves for bond issuances of the Water Utility Authority, the Successor Agency, and the Heritage Springs Assessment District.
CITY COUNCIL AGENDA REPORT – MEETING OF February 18, 2025 Treasurer’s Report of Investments for the Quarter Ended December 31, 2024
The investments, at market value, are summarized by type as follows:
PFMAM Managed Portfolio $ 72.4 million
LAIF 25.1 million
CAMP (including TERM CAMP) 42.4 million
MMF 3.8 million
Total Investments $143.7 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 December 31, 2024) B. PFMAM Investment Performance Review (Quarter Ended December 31, 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) $ 72,919,256.00 $ 4,960,871.47 $ 5,406,207.27 $ 72,473,920.20 $ 72,473,920.02 $ 723,721.00 4.32% CALIFORNIA ASSET MANAGEMENT PROGRAM 42,419,005.36 10,552,382.30 19,846,869.97 33,124,517.69 42,419,005.36 625,630.39 4.65% LOCAL AGENCY INVESTMENT FUND 5,271,367.99 62,512.83 - 5,333,880.82 5,331,864.53 62,034.49 4.62% SUBTOTAL POOLED INVESTMENTS 120,609,629.35 15,575,766.60 25,253,077.24 110,932,318.71 120,224,789.91 1,411,385.88 SUCCESSOR AGENCY BOND FUNDS (2):
LOCAL AGENCY INVESTMENT FUND 19,507,524.44 231,176.29 - 19,738,700.73 19,731,239.21 229,407.35 4.62% SUCCESSOR AGENCY FUNDS:
LOCAL AGENCY INVESTMENT FUND 0.96 - - 0.96 0.96 - 4.62% 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 579,306.82 122,615.81 128,218.75 573,703.88 573,703.88 7,926.47 3.92% Successor Agency 13,034,373.35 21,018.43 10,057,325.15 2,998,066.63 2,998,066.63 34,527.53 3.92% Heritage Springs Assessment District 177,855.70 134,254.00 137,630.00 174,479.70 174,479.70 1,904.99 3.92% Subtotal First American Treasury Obligations Fund Class D 13,791,535.87 277,888.24 10,323,173.90 3,746,250.21 3,746,250.21 44,358.99 SUBTOTAL INVESTMENTS HELD BY FISCAL AGENT (U.S. BANK) 13,791,535.87 277,888.24 10,323,173.90 3,746,250.21 3,746,250.21 44,358.99 TOTAL INVESTMENTS $ 153,908,690.62 $ 16,084,831.13 $ 35,576,251.14 $ 134,417,270.61 $ 143,702,280.29 $ 1,685,152.22 Notes:
(1) See attached report prepared by PFM, the City's investment manager, for detailed analysis of the managed portfolio. All information except for the market value is reported on the amortized cost basis. Investment earnings on the amortized cost basis do not include unrealized gains and losses. (2) Unspent bond proceeds of the former redevelopment agency to be used for ongoing capital improvement projects. (3) Fiscal agent accounts are held by U.S. Bank as Trustee for debt service reserves and payment of bond principal and interest.
CERTIFICATION:
The investment transactions are in compliance with the investment policy approved by the City Council.
There is sufficient liquidity within the portfolio to meet all anticipated expenditures for the next six months.
LANA DICH, CITY TREASURER
CITY OF SANTA FE SPRINGS
TREASURER'S REPORT OF INVESTMENTS
QUARTER ENDED DECEMBER 31, 2024
Investment Performance Review
For the Quarter Ended December 31, 2024
Client Management Team PFM Asset Management A division of U.S. Bancorp Asset Management, Inc 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
Monique Spyke, Managing DirectorJames Sims, CFA, Managing DirectorRichard Babbe, CCM, Senior Managing ConsultantRobert Montoya, Relationship Manager © PFM Asset Management LLC pfmam.com |
Market Update
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update
CLIENT NAME
For the Quarter Ended December 31, 2024
Market Update
Current Market Themes
▸ U.S. economic soft landing remains on track
▹ Inflation and labor markets are in line with Fed expectations despite slower recent progress
▹ Strong economic growth prospects remain intact, aided by a resilient consumer▹ Changes to fiscal policy may impact growth and inflation trajectory ▸ Fed easing cycle moves forward as expected, but looks to slow in 2025 ▹ The Fed cut the federal funds target rate by an additional 50 basis points (bps) during the fourth quarter to 4.25% - 4.50%
▹ The Fed’s December “dot plot” implies another 50 bps of cuts in 2025, less than the 100 bps of cuts previously projected in September
▹ Fed Chair Powell noted the slower pace of cuts reflect “stickier” inflation heading into 2025 ▸ Treasury yields responded to expected monetary and fiscal policy ▹ Yields on maturities between 2 years and 10 years rose 60-83 bps during the 4th quarter ▹ The yield curve disinversion continued and was flatter at the front end and positively sloped beyond 1-year
▹ Yield spreads remained near historically tight levels across most sectors aided by robust demand and strength in the economy
Source: Details on market themes and economic indicators provided throughout the body of the presentation. Bloomberg Finance L.P., as of December 31, 2024.
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Market Update
PFM Asset Management | pfmam.com
1 For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update
CLIENT NAME
For the Quarter Ended December 31, 2024
Market Update
Source: FOMC Chair Jerome Powell Press Conference, December 18, 2024. Bureau of Labor Statistics, Bureau of Economic Analysis, and Bloomberg Finance L.P., as of November 2024. Data is seasonally adjusted. Historical average unemployment rate calculated from January 1990-November 2024.
Fed Chair Powell: “Downside risks to the labor market do appear to have diminished … Inflation, we see that story as still broadly on track.”
The Fed’s Dual Mandate
Nov-24
2.7%
Nov-24
2.8%
0%2%
4%
6%8%
10%
2021 2022 2023 2024
Inflation
Year-over-Year Changes
CPI Core PCE Fed Target
Nov-24
4.2%
3%4%5%6%
2021 2022 2023 2024
Unemployment Rate
Unemployment rate of 4.2% remains well
below the 25-year average of 5.7%
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Market Update
PFM Asset Management | pfmam.com
2 Sources: U.S. Bank: Stock Market Under The Trump Administration | U.S. Bank (usbank.com); Bloomberg Finance L.P. and Bureau of Economic Analysis as of November 2024 (top right). Bloomberg Finance L.P. as of December 2024 (bottom right).
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update
CLIENT NAME
For the Quarter Ended December 31, 2024
Market Update
Election & Potential Policy Implications on the Fed
Tariffs
Regulation
Taxes
Immigration
Lower taxes viewed as positive for growth but negative for the deficit Uncertainty surrounding the scope and scale of tariff policy and viewed as inflationary Tighter border policy may have adverse impacts on the labor market Easing regulation is generally viewed as
positive for growth
-0.5%0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0%
Other Durable Goods
Telephones & Eq
IT Eq
Photographic Eq
Autos & Parts
Sports Eq
Video and Audio Eq
Durable Goods
Goods
MoM % Change In Real Consumption
Average August to October Nov-24
An increase in
durable goods
spending may
be partially
attributed to a
pull forward of
spending prior
to tariffs
0 50
100150200250
Dec-19 Dec-20 Dec-21 Dec-22 Dec-23 Dec-24
Word Count of S&P500 Companies
Mentioning Tariffs
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Market Update
PFM Asset Management | pfmam.com
3 Source: Federal Reserve Chair Jerome Powell Press Conference as of December 18, 2024; Bureau of Labor Statistics and Bloomberg Finance L.P. as of December 2024 (left). Bureau of Economic Analysis and Bloomberg Finance L.P., as of December 2024 (right).
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update
CLIENT NAME
For the Quarter Ended December 31, 2024
Market Update
Fed Chair Powell: “I think it’s pretty clear we’ve avoided a recession. I think growth this year has been solid, it really has…Again the U.S. economy has just been remarkable.”
Inflation and Growth Forecasted To Remain Stable
2.4%
2.7% 2.6%
0%1%2%3%4%5%
Jun-24 Dec-24 Jun-25 Dec-25
CPI Inflation (YoY)
Average Forecast Actual
3.0% 3.1%
2.3%
1.9%
2.0% 2.0% 2.0%
0%1%2%3%4%
Q2 '24 Q3 '24 Q4 '24 Q1 '25 Q2 '25 Q3 '25 Q4' 25
U.S. GDP Forecasts
Annu
alized Rate
Actual Range Median of Forecasts
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Market Update
PFM Asset Management | pfmam.com
4 Fed’s Updated Summary of Economic Projections
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update
CLIENT NAME
Source: Federal Reserve Chair Jerome Powell Press Conference as of December 18, 2024; Federal Reserve. As of December 2024.
For the Quarter Ended December 31, 2024
Market Update
4.4%
3.9%
3.4% 3.1% 3.0%
0%1%2%3%4%5%6%
2024 2025 2026 2027 Longer
Run
Federal Funds Rate
Sept Projections Dec Projections
2.4% 2.5%
2.1% 2.0% 2.0%
0%1%2%3%
2024 2025 2026 2027 Longer
Run
PCE Inflation
Sept Projections Dec Projections
4.2% 4.3% 4.3% 4.3% 4.2%
0%1%2%3%4%5%6%
2024 2025 2026 2027 Longer
Run
Unemployment Rate
Sept Projections Dec Projections
2.5%
2.1% 2.0% 1.9% 1.8%
0%1%2%3%4%
2024 2025 2026 2027 Longer
Run
Change in Real GDP
Sept Projections Dec Projections
Fed Chair Powell: “These median projections are somewhat higher than in September, consistent with the firmer inflation projection.”
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Market Update
PFM Asset Management | pfmam.com
5 The Fed’s Latest “Dot Plot
Source: Federal Reserve Chair Jerome Powell Press Conference as of December 18, 2024; Federal Reserve; Bloomberg Finance L.P.. Individual dots represent each Fed members’ judgement of the midpoint of the appropriate target range for the federal funds rate at each year-end. As of December 2024.
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update
CLIENT NAME
For the Quarter Ended December 31, 2024
Market Update
0%1%2%3%4%5%
Fed Participants’ Assessments of ‘Appropriate’ Monetary Policy Dec-24 FOMC ProjectionsDec-24 MedianSep-24 Median
2024 2025 2026 2027 Longer Term
2 cuts 2 cuts 1 cuts 3.0%
Fed Chair Powell: “You see a slower path … meaningful progress to get inflation down to [2.5%] … we have the labor market forecast as being in good shape, we are also mindful that it is … very gradually cooling” The longer-term
neutral rate has
drifted up from
2.5% in Dec ’23
to 3% currently
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Market Update
PFM Asset Management | pfmam.com
6 Source: Bloomberg Finance L.P., as of December 31, 2024.
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update
CLIENT NAME
For the Quarter Ended December 31, 2024
Market Update
Despite 100 Bps of Rate Cuts, 2-Year Finishes Year Nearly Unchanged
4.25% 4.24%
3.0%3.5%4.0%4.5%5.0%5.5%
Dec-23 Mar-24 Jun-24 Sep-24 Dec-24
2-Year U.S. Treasury Yield
December 31, 2023 – December 31, 2024
First Quarter ’24
Hotter than expected inflation pushed expectations for rate cuts back Change: +37 bps Third Quarter ’24
The Fed cut by an outsized 50
bps after labor markets showed
signs of unwelcomed coolingChange: -111bps
Fourth Quarter ’24
Despite the Fed cutting 50 bps in 4th quarter, expectations for stickier inflation in 2025 drove rates higherChange: +60bps Second Quarter ’24
Inflation and labor markets cooled at moderate paceChange: +13 bps City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Market Update
PFM Asset Management | pfmam.com
7 U.S. Treasury Yield Curve Steepens
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update
CLIENT NAME
Source: Bloomberg Finance L.P., as of December 31, 2024.
For the Quarter Ended December 31, 2024
Market Update
4.31%
4.24%
4.38%
4.48% 4.57%
4.78%
3.00%3.50%4.00%
4.50%5.00%5.50%
Yield
Maturity
U.S. Treasury Yield Curve
1 Year RangeDecember 31, 2024September 30, 2024
3mo 2yr 5yr 7yr 10yr 20yr 30yr
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Market Update
PFM Asset Management | pfmam.com
8 Sector Yield Spreads
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 December 31, 2024. Spreads on ABS and MBS are option-adjusted spreads of 0-5 year indices based on weighted average life; spreads on agencies are relative to comparable maturity Treasuries.
CMBS is Commercial Mortgage-Backed Securities and represented by the ICE BofA Agency CMBS Index.
For the Quarter Ended December 31, 2024
Market Update
-0.1%
0.0%0.1%0.2%
Sep-24 Oct-24 Nov-24 Dec-24
Federal Agency Yield Spreads
Bullet Callable 1 Year Average
0.3%0.5%0.7%0.9%
Sep-24 Oct-24 Nov-24 Dec-24
Corporate Notes A-AAA Yield Spreads
1-5 Yr. AAA-A Corp 1 Year Average
0.3%0.5%0.7%
Sep-24 Oct-24 Nov-24 Dec-24
Mortgage-Backed Securities Yield Spreads
Agency MBS Agency CMBS Index 1 Year Average
0.4%0.6%0.8%
Sep-24 Oct-24 Nov-24 Dec-24
Asset-Backed Securities AAA Yield Spreads
AAA ABS 1 Year Average
1 bps 55 bps
45 bps 58 bps
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Market Update
PFM Asset Management | pfmam.com
9 Factors to Consider for 6-12 Months
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update
CLIENT NAME
For the Quarter Ended December 31, 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 at the time of distribution (12/31/2024) and are subject to change. Information is obtained from sources generally believed to be reliable and available to the public; however, PFM Asset Management cannot guarantee its accuracy, completeness, or suitability.
Monetary Policy (Global):• The Fed continued its easing cycle with a total of 100 basis points (bps) of rate cuts in 2024. TheFOMC’s December median “dot plot” projectionsuggests another 50 bps in cuts by the end of 2025,which is significantly less than previously implied, inlarge part due to uncertainty surroundingimplications of potential fiscal policy changes. • While the Fed and other major central banks
(excluding the Bank of Japan) continue to ease,expectations are for policy rates to settle higher inthe longer term given the higher inflation outlook.
Economic Growth (Global):• U.S. economic growth remains strong on consumer spending which remains quite resilient.
• Fiscal policies discussed on the campaign trial are
expected to boost growth, however actual policyimplementation and timing are uncertain andsubject to change. • Economic growth outside the U.S. remains modest.
Tariffs pose some risks with trading partners.
• Declines in foreign direct investment and weak
domestic demand continue to impact China.
Inflation (U.S.): • While inflation has fallen since its peak in 2022, progress has stalled in the past few months.
• The Fed has acknowledged higher inflation
expectations going into 2025. Further rate cuts willdepend on inflation moving closer to its 2% target. • Proposed fiscal policies may put pressure on wages
and goods costs. Some policymakers have alreadyincorporated these impacts into their outlooks.
Financial Conditions (U.S.):• Market metrics such as narrow corporate yield spreads and strong equity returns continue to pointto the stability of financial conditions. The potentialfor decreased regulation under the incomingadministration has buoyed economic confidence. • We remain attentive to further cooling in the labor
markets and fiscal policy considerations as thesewill play a large role in the evolution of futureconditions. While our base case is not for adramatic shift in conditions, the potential impact offuture policies warrants attention.
Consumer Spending (U.S.): • Broad consumer metrics show spending fueled by the stability of the labor market continuing tosupport economic strength. A growing divergenceamong consumers exists as lower-income cohortscontinue to feel more strain due to the higher overalllevel of prices. • An unexpected material deterioration of labor
market conditions is the biggest risk factor toconsumer spending. Other headwinds may includeslower real wage growth, which could reducepurchasing power, and higher interest ratespersisting.
Labor Markets:• The labor market remains well-positioned and in balance despite intra-quarter data volatility causedby weather events and strikes which have now beenresolved. • Layoffs remain near historically low levels; however, the pace of hiring has slowed considerably. The Fedhas acknowledged labor market conditions haveloosened, and a further cooling of labor conditions isnot necessary to achieve its dual mandate ofmaximum employment and stable prices.
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Market Update
PFM Asset Management | pfmam.com
10 © PFM Asset Management LLC pfmam.com |
Portfolio Review
PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Portfolio Snapshot
Total market value includes accrued interest and balances invested in CAMP, as of December 31, 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 Financial LP.
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
9%
23%
35%
23%
10%
5%
35%
26% 24%
10%
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 | 39%Corporate | 23%
Agency CMBS | 19%ABS | 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-1+ | <1%A+ | 8%A | 8%A- | 4% BBB+ | 1%BBB | <1%Not Rated | 5%
Portfolio Statistics
Portfolio Effective DurationBenchmark Effective Duration Portfolio Credit Quality
Yield At Market
Yield At Cost
Total Market Value
Managed Account Sub-TotalPool
$72,990,547.81
$72,438,196.05
$516,627.79
$35,724.15
2.46 years2.48 years
4.32%
4.52%
AA
Accrued Interest
Portfolio Snapshot¹
11 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Account Summary
0.0%
15.7%
22.9%
1.9%
1.2%
0.4%
18.5%
39.4%
0.0% 20.0% 40.0% 60.0% 80.0% 100.0%
Joint Powers Authority - $35,724
ABS - $11,439,447
Corporate - $16,741,496
Negotiable CD - $1,397,439
Municipal - $862,274
Supranational - $267,523
Agency CMBS - $13,491,775
U.S. Treasury - $28,754,870
Portfolio Allocation Sector Limit for Analysis*
Sector Allocation Analytics
For informational/analytical purposes only and is not provided for compliance assurance. Includes accrued interest.*Sector Limit for Analysis is as derived from our interpretation of your most recent Investment Policy as provided. 12 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Compliance
Note: Pre- and post-trade compliance for the account(s) managed by PFM Asset Management is provided via Bloomberg Financial LP Asset and Investment Management ("AIM").
Certificate of Compliance
During the reporting period for the quarter ended December 31, 2024, the account(s) managed by PFM Asset Management("PFMAM") were in compliance with the applicable investment policy and guidelines as furnished to PFMAM.
Acknowledged : PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc. 13 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Portfolio Activity
Net Activity by Sector
($ millions)
Negotiable CD
Corporate
ABS
U.S. Treasury
Agency CMBS
Negotiable CD
Corporate
ABS
U.S. Treasury
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 $737,568
U.S. Treasury $330,551
ABS ($34,577)
Corporate ($140,956)Negotiable CD ($328,722)Total Net Activity $563,864 Sales/Maturities Purchases
Portfolio Activity
14 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Portfolio Characteristics
Only includes fixed-income securities held within the separately managed account(s) and LGIPs managed by PFMAM. 39%18%
1% 2%
23%16%
Sep-24
39%19%
2% 1%
23%16%
Dec-24
Historical Sector Allocation
15 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 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 Financial LP. -1.0%
0.0%1.0%2.0%3.0%4.0%
Return
Portfolio Benchmark
Portfolio Performance
Market Value Basis Earnings 3 Months 1 Year 3 Years 5 Years Since Inception¹ Interest Earned² $728,419 $2,679,037 $5,210,699 $6,340,770 $8,478,067 Change in Market Value ($1,129,003) $94,987 ($1,027,239) ($221,087) $11,595,711 Total Dollar Return ($400,584) $2,774,024 $4,183,460 $6,119,683 $20,073,778 Total Return³
Portfolio -0.54% 3.95% 1.19% 1.44% 1.63%Benchmark⁴ -0.77% 3.41% 0.73% 1.05% 1.27% 3 Months 1 Year 3 Years 5 Years Since Inception
Difference 0.23% 0.53% 0.46% 0.39% 0.36%
16 City of Santa Fe Springs
For the Quarter Ended December 31, 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
$728,419
($57,319)
$52,621
$723,721
1 Year
$2,679,037
($607,149)
$254,852
$2,326,740
3 Years
$5,210,699
($1,179,681)
$505,926
$4,536,945
5 Year
$6,340,770
($659,124)
$2,909,434$8,591,080
Since Inception¹
$8,478,067
($949,473)
$16,645,215
$24,173,809
Accrual Basis Earnings
PFM Asset Management | pfmam.com
17 Negative Slightly Negative Neutral Slightly Positive Current outlook Outlook one quarter ago Positive For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update
CLIENT NAME
For the Quarter Ended December 31, 2024
Market Update
Fixed-Income Sector Outlook – 1Q 2025
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 December 31, 2024
Market Update
PFM Asset Management | pfmam.com
18 © PFM Asset Management LLC | pfmam.com
Issuer Distribution
PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 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 39.4% United States Treasury 39.4% AA / Aaa / AA
Agency CMBS 18.5%
Federal Home Loan Mortgage Corp 16.8% AA / Aaa / AAFederal National Mortgage Association 1.7% AA / Aaa / AA Supranational 0.4%
International Bank for Reconstruction & 0.4% AAA / Aaa / AAA Municipal 1.2%
New York State Urban Development Corp 0.5% NR / NR / AAState Board of Administration Finance C 0.3% AA / Aa / AAState of California 0.4% AA / Aa / AA Negotiable CD 1.9%
Credit Agricole Group 0.7% A / A / AAGroupe BPCE 0.7% A / A / ANordea Bank Abp 0.5% AA / Aa / AA Corporate 22.9%
Accenture PLC 0.1% AA / Aa / AAdobe Inc 0.3% A / A / NRAir Products and Chemicals Inc 0.5% A / A / NRAmerican Express Co 0.1% A / A / AApple Inc 0.3% AA / Aaa / NRAstraZeneca PLC 0.2% A / A / A Bank of America Corp 0.9% A / Aa / AABank of New York Mellon Corp 0.6% A / Aa / AABayerische Motoren Werke AG 0.6% A / A / NRBerkshire Hathaway Inc 0.2% AA / A / NR Security Type / Issuer Market Value (%) S&P / Moody's / FitchCorporate 22.9% BlackRock Inc 0.3% AA / Aa / NRBP PLC 0.5% A / A / ABristol-Myers Squibb Co 0.1% A / A / NRCaterpillar Inc 0.3% A / A / ACintas Corp 0.1% A / A / NRCisco Systems Inc 0.4% AA / A / NRCitigroup Inc 0.8% A / A / ACommonwealth Bank of Australia 0.1% AA / Aa / AACooperatieve Rabobank UA 0.5% A / Aa / AA Deere & Co 0.6% A / A / AEli Lilly & Co 0.4% A / A / NRGeneral Dynamics Corp 0.4% A / A / NR Goldman Sachs Group Inc 0.2% BBB / A / AHershey Co 0.9% A / A / NRHome Depot Inc 0.3% A / A / AHonda Motor Co Ltd 0.6% A / A / AHoneywell International Inc 0.5% A / A / AHormel Foods Corp 0.2% A / A / NRHSBC Holdings PLC 0.4% A / A / AIntel Corp 0.3% BBB / Baa / BBBJPMorgan Chase & Co 1.2% A / Aa / AAMastercard Inc 0.2% A / Aa / NRMercedes-Benz Group AG 0.7% A / A / AMorgan Stanley 0.5% A / A / ANational Rural Utilities Cooperative Fi 0.7% A / A / ANorthern Trust Corp 0.2% A / A / A 19 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 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 22.9% Novartis AG 0.6% AA / Aa / NRPACCAR Inc 0.7% A / A / NRPepsiCo Inc 0.3% A / A / NRPNC Financial Services Group Inc 0.1% A / A / A Roche Holding AG 0.4% AA / Aa / AAState Street Corp 1.5% A / Aa / AA Target Corp 0.3% A / A / ATexas Instruments Inc 0.6% A / Aa / NRToyota Motor Corp 0.7% A / A / ATruist Financial Corp 0.3% A / Baa / AUnilever PLC 0.1% A / A / NRUnited Services Automobile Association 0.4% AA / Aa / NRUnitedHealth Group Inc 0.3% A / A / AWells Fargo & Co 1.2% A / Aa / AA ABS 15.7%
Ally Auto Receivables Trust 0.3% NR / Aaa / AAAAmerican Express Co 1.2% AAA / NR / AAA BA Credit Card Trust 0.6% AAA / Aaa / AAABank of America Corp 1.0% NR / Aaa / AAA BMW Vehicle Lease Trust 0.2% AAA / NR / AAACapital One Financial Corp 1.4% AAA / Aaa / AAACarMax Inc 0.2% AAA / Aaa / AAADiscover Card Execution Note Trust 0.9% AAA / Aaa / AAAFifth Third Auto Trust 0.7% AAA / Aaa / NR Ford Credit Auto Owner Trust 0.5% AAA / NR / AAAGM Financial Consumer Automobile Receiv 1.0% AAA / Aaa / AAA Security Type / Issuer Market Value (%) S&P / Moody's / FitchABS 15.7% Harley-Davidson Inc 1.0% AAA / Aaa / AAAHonda Auto Receivables Owner Trust 0.2% NR / Aaa / AAA Hyundai Auto Receivables Trust 1.4% AAA / NR / AAAJPMorgan Chase & Co 0.7% AAA / NR / AAAKubota Credit Owner Trust 1.3% NR / Aaa / AAAMercedes-Benz Auto Receivables Trust 0.4% AAA / Aaa / AAAToyota Auto Receivables Owner Trust 0.6% AAA / Aaa / AAAUSAA Auto Owner Trust 0.7% AAA / Aaa / NRVolkswagen Auto Loan Enhanced Trust 0.0% AAA / Aaa / NRWF Card Issuance Trust 1.2% AAA / Aaa / AAAWorld Omni Auto Trust 0.0% AAA / NR / AAA Total 100.0%
20 © PFM Asset Management LLC | pfmam.com
Portfolio Transactions
PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
CALL10/28/2024 10/28/2024 105,000.00 693475BH7 PNC FINANCIAL SERVICES (CALLABLE) 5.67% 10/28/2025 105,000.00 5.67% Total CALL 105,000.00 105,000.00 0.00
INTEREST10/1/2024 10/1/2024 12189LAV3 BURLINGTN NORTH SANTA FE (CALLABLE) 3.00% 4/1/2025 1,650.0010/1/2024 10/1/2024 05565ECA1 BMW US CAPITAL LLC (CALLABLE) 3.45% 4/1/2027 2,587.5010/1/2024 10/25/2024 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 2,518.7510/1/2024 10/25/2024 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 1,802.0710/1/2024 10/25/2024 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 1,257.3010/1/2024 10/25/2024 3137HB3G7 FHMS K511 A2 4.86% 10/1/2028 1,458.0010/1/2024 10/25/2024 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 1,200.9410/1/2024 10/25/2024 3137HCKV3 FHMS K520 A2 5.18% 3/1/2029 1,273.4210/1/2024 10/25/2024 3137H14B9 FHMS K743 A2 1.77% 5/1/2028 737.5010/1/2024 10/25/2024 3137BN6G4 FHMS K053 A2 2.99% 12/1/2025 623.9610/1/2024 10/25/2024 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 656.6910/1/2024 10/25/2024 3136AY6X6 FNA 2017-M15 A2 2.96% 9/1/2027 875.0210/1/2024 10/25/2024 3137BMTX4 FHMS K052 A2 3.15% 11/1/2025 656.4610/1/2024 10/25/2024 3136BQDE6 FNA 2023-M6 A2 4.18% 7/1/2028 1,831.21 21 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST10/1/2024 10/25/2024 3137BKRJ1 FHMS K047 A2 3.32% 5/1/2025 823.3110/1/2024 10/25/2024 3137BLMZ8 FHMS K049 A2 3.01% 7/1/2025 806.8410/1/2024 10/25/2024 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 2,567.5010/1/2024 10/25/2024 3137FNWX4 FHMS K736 A2 2.28% 7/1/2026 760.6710/1/2024 10/25/2024 3137HB3D4 FHMS K510 A2 5.06% 10/1/2028 992.6810/1/2024 10/25/2024 3137BRQJ7 FHMS K057 A2 2.57% 7/1/2026 642.5010/1/2024 10/25/2024 3137BVZ82 FHMS K063 A2 3.43% 1/1/2027 2,000.8310/1/2024 10/25/2024 3136AX7E9 FNA 2017-M12 A2 3.06% 6/1/2027 615.0010/1/2024 10/25/2024 3137HDXL9 FHMS K526 A2 4.54% 7/1/2029 1,873.9910/1/2024 10/25/2024 3137HDJJ0 FHMS K522 A2 4.80% 5/1/2029 2,701.6910/1/2024 10/25/2024 3137F1G44 FHMS K065 A2 3.24% 4/1/2027 1,621.5010/1/2024 10/25/2024 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 994.8710/1/2024 10/25/2024 3137HC2L5 FHMS K518 A2 5.40% 1/1/2029 2,362.5010/1/2024 10/25/2024 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 1,818.7510/1/2024 10/25/2024 3137HBCF9 FHMS K512 A2 5.00% 11/1/2028 1,104.1710/1/2024 10/25/2024 3137HDV56 FHMS K524 A2 4.72% 5/1/2029 2,045.3310/1/2024 10/25/2024 3137HFNZ4 FHMS K528 A2 4.50% 7/1/2029 732.55 22 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST10/1/2024 10/25/2024 3137BM7C4 FHMS K051 A2 3.30% 9/1/2025 402.4410/1/2024 10/25/2024 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,811.0810/1/2024 10/25/2024 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 353.7610/4/2024 10/4/2024 00724PAE9 ADOBE INC (CALLABLE) 4.85% 4/4/2027 5,213.7510/15/2024 10/15/2024 448977AD0 HART 2022-A A3 2.22% 10/15/2026 161.4410/15/2024 10/15/2024 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 795.1310/15/2024 10/15/2024 44933XAD9 HART 2023-B A3 5.48% 4/17/2028 639.3310/15/2024 10/15/2024 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 184.3810/15/2024 10/15/2024 448979AD6 HART 2023-A A3 4.58% 4/15/2027 839.6710/15/2024 10/15/2024 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 500.3110/15/2024 10/15/2024 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 954.5010/15/2024 10/15/2024 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 10.4910/15/2024 10/15/2024 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 3.0410/15/2024 10/15/2024 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 10.8810/15/2024 10/15/2024 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 918.0810/15/2024 10/15/2024 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 600.1710/15/2024 10/15/2024 44918CAD4 HART 2023-C A3 5.54% 10/16/2028 923.33 23 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST10/15/2024 10/15/2024 02582JKH2 AMXCA 2024-1 A 5.23% 4/16/2029 2,723.9610/15/2024 10/15/2024 41285YAC9 HDMOT 2023-B A3 5.69% 8/15/2028 2,204.8810/15/2024 10/15/2024 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 808.1310/15/2024 10/15/2024 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 697.5010/15/2024 10/15/2024 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 17.1410/15/2024 10/15/2024 90291VAC4 USAOT 2023-A A3 5.58% 5/15/2028 2,418.0010/15/2024 10/15/2024 50117BAC4 KCOT 2024-1A A3 5.19% 7/17/2028 843.3810/15/2024 10/15/2024 50117KAC4 KCOT 2023-1A A3 5.02% 6/15/2027 1,004.0010/15/2024 10/15/2024 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 24.0310/15/2024 10/15/2024 92970QAA3 WFCIT 2024-A1 A 4.94% 2/15/2029 2,675.8310/15/2024 10/15/2024 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 2,188.9610/15/2024 10/15/2024 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 967.9210/15/2024 10/15/2024 50117DAC0 KCOT 2024-2A A3 5.26% 11/15/2028 1,030.0810/15/2024 10/15/2024 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 988.2910/15/2024 10/15/2024 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 17.0310/15/2024 10/15/2024 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 256.4210/15/2024 10/15/2024 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,869.29 24 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST10/15/2024 10/15/2024 14041NFZ9 COMET 2022-A1 A1 2.80% 3/15/2027 758.3310/15/2024 10/15/2024 06054YAC1 BAAT 2023-2A A3 5.74% 6/15/2028 2,200.3310/15/2024 10/15/2024 500945AC4 KCOT 2023-2A A3 5.28% 1/18/2028 770.0010/15/2024 10/15/2024 891941AD8 TAOT 2023-B A3 4.71% 2/15/2028 1,059.7510/15/2024 10/15/2024 44933DAD3 HART 2022-C A3 5.39% 6/15/2027 801.7310/15/2024 10/15/2024 02007WAC2 ALLYA 2023-1 A3 5.46% 5/15/2028 1,137.5010/15/2024 10/15/2024 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 19.8410/15/2024 10/15/2024 344930AD4 FORDO 2023-B A3 5.23% 5/15/2028 871.6710/15/2024 10/15/2024 06428AAC2 BAAT 2023-1A A3 5.53% 2/15/2028 1,082.9610/15/2024 10/15/2024 161571HV9 CHAIT 2024-A1 A 4.60% 1/16/2029 1,993.3310/15/2024 10/15/2024 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,528.5810/15/2024 10/15/2024 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 1,034.8710/16/2024 10/16/2024 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 14.7810/16/2024 10/16/2024 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 31.4610/16/2024 10/16/2024 379930AD2 GMCAR 2023-4 A3 5.78% 8/16/2028 1,035.5810/16/2024 10/16/2024 36267KAD9 GMCAR 2023-3 A3 5.45% 6/16/2028 635.8310/16/2024 10/16/2024 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 670.50 25 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST10/20/2024 10/20/2024 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 25.6210/21/2024 10/21/2024 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 543.3810/24/2024 10/24/2024 06406RAN7 BANK OF NY MELLON CORP (CALLABLE) 1.60% 4/24/2025 920.0010/24/2024 10/24/2024 06051GJK6 BANK OF AMERICA CORP (CALLABLE) 1.19% 10/24/2026 1,346.6310/24/2024 10/24/2024 06406RAL1 BANK OF NY MELLON CORP 2.10% 10/24/2024 1,155.0010/25/2024 10/25/2024 89115B6K1 TORONTO DOMINION BANK NY 5.60% 10/27/2025 18,503.3310/25/2024 10/25/2024 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 524.2110/26/2024 10/26/2024 06406RBQ9 BANK OF NY MELLON CORP (CALLABLE) 4.94% 4/26/2027 8,038.8810/26/2024 10/26/2024 46647PCZ7 JPMORGAN CHASE & CO (CALLABLE) 4.08% 4/26/2026 2,040.0010/28/2024 10/28/2024 693475BH7 PNC FINANCIAL SERVICES (CALLABLE) 5.67% 10/28/2025 2,977.2810/28/2024 10/28/2024 89788MAJ1 TRUIST FINANCIAL CORP (CALLABLE) 5.90% 10/28/2026 3,245.0010/30/2024 10/30/2024 63743HFF4 NATIONAL RURAL UTIL COOP 5.45% 10/30/2025 817.5010/31/2024 10/31/2024 91282CEN7 US TREASURY N/B 2.75% 4/30/2027 4,468.7511/1/2024 11/1/2024 46647PAF3 JPMORGAN CHASE & CO (CALLABLE) 3.54% 5/1/2028 4,425.0011/1/2024 11/1/2024 90327QD89 USAA CAPITAL CORP 3.37% 5/1/2025 2,531.2511/1/2024 11/1/2024 17252MAP5 CINTAS CORPORATION NO. 2 (CALLABLE) 3.45% 5/1/2025 1,207.5011/1/2024 11/25/2024 3137HB3G7 FHMS K511 A2 4.86% 10/1/2028 1,458.00 26 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST11/1/2024 11/25/2024 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 2,518.7511/1/2024 11/25/2024 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 2,567.5011/1/2024 11/25/2024 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 2,425.0011/1/2024 11/25/2024 3137HFNZ4 FHMS K528 A2 4.50% 7/1/2029 732.5511/1/2024 11/25/2024 3137HDJJ0 FHMS K522 A2 4.80% 5/1/2029 2,701.6911/1/2024 11/25/2024 3137BM7C4 FHMS K051 A2 3.30% 9/1/2025 401.5711/1/2024 11/25/2024 3137HC2L5 FHMS K518 A2 5.40% 1/1/2029 2,362.5011/1/2024 11/25/2024 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 994.8711/1/2024 11/25/2024 3137F1G44 FHMS K065 A2 3.24% 4/1/2027 1,621.5011/1/2024 11/25/2024 3137HBCF9 FHMS K512 A2 5.00% 11/1/2028 1,104.1711/1/2024 11/25/2024 3137BRQJ7 FHMS K057 A2 2.57% 7/1/2026 642.5011/1/2024 11/25/2024 3137HH6C0 FHMS K529 A2 4.79% 9/1/2029 1,237.6811/1/2024 11/25/2024 3137H14B9 FHMS K743 A2 1.77% 5/1/2028 737.5011/1/2024 11/25/2024 3137FNWX4 FHMS K736 A2 2.28% 7/1/2026 760.2011/1/2024 11/25/2024 3136AY6X6 FNA 2017-M15 A2 2.96% 9/1/2027 902.6111/1/2024 11/25/2024 3136AX7E9 FNA 2017-M12 A2 3.06% 6/1/2027 628.6911/1/2024 11/25/2024 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 655.34 27 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST11/1/2024 11/25/2024 3137HDV56 FHMS K524 A2 4.72% 5/1/2029 2,045.3311/1/2024 11/25/2024 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 353.1711/1/2024 11/25/2024 3136BQDE6 FNA 2023-M6 A2 4.18% 7/1/2028 1,835.0611/1/2024 11/25/2024 3137HDXL9 FHMS K526 A2 4.54% 7/1/2029 1,873.9911/1/2024 11/25/2024 3137HB3D4 FHMS K510 A2 5.06% 10/1/2028 992.6811/1/2024 11/25/2024 3137HCKV3 FHMS K520 A2 5.18% 3/1/2029 1,273.4211/1/2024 11/25/2024 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,811.0811/1/2024 11/25/2024 3137BVZ82 FHMS K063 A2 3.43% 1/1/2027 2,000.8311/1/2024 11/25/2024 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 1,200.9411/1/2024 11/25/2024 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 1,183.4311/1/2024 11/25/2024 3137BMTX4 FHMS K052 A2 3.15% 11/1/2025 656.4611/1/2024 11/25/2024 3137BN6G4 FHMS K053 A2 2.99% 12/1/2025 623.9611/1/2024 11/25/2024 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 1,257.3011/3/2024 11/3/2024 65558UYF3 NORDEA BANK ABP NEW YORK 5.53% 11/3/2025 8,986.2511/4/2024 11/4/2024 857477BX0 STATE STREET CORP (CALLABLE) 5.75% 11/4/2026 1,293.9811/4/2024 11/4/2024 427866BH0 HERSHEY COMPANY (CALLABLE) 4.25% 5/4/2028 6,906.2511/10/2024 11/10/2024 713448FW3 PEPSICO INC (CALLABLE) 5.12% 11/10/2026 1,537.50 28 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST11/10/2024 11/10/2024 665859AW4 NORTHERN TRUST CORP (CALLABLE) 4.00% 5/10/2027 3,000.0011/11/2024 11/11/2024 037833CR9 APPLE INC (CALLABLE) 3.20% 5/11/2027 4,000.0011/13/2024 11/13/2024 63743HFK3 NATIONAL RURAL UTIL COOP (CALLABLE) 5.60% 11/13/2026 3,220.0011/13/2024 11/13/2024 771196CE0 ROCHE HOLDINGS INC (CALLABLE) 5.26% 11/13/2026 6,712.8811/15/2024 11/15/2024 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 14.6611/15/2024 11/15/2024 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 967.9211/15/2024 11/15/2024 90291VAC4 USAOT 2023-A A3 5.58% 5/15/2028 2,418.0011/15/2024 11/15/2024 448977AD0 HART 2022-A A3 2.22% 10/15/2026 144.9811/15/2024 11/15/2024 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,869.2911/15/2024 11/15/2024 06428AAC2 BAAT 2023-1A A3 5.53% 2/15/2028 1,082.9611/15/2024 11/15/2024 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 923.4211/15/2024 11/15/2024 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,528.5811/15/2024 11/15/2024 50117BAC4 KCOT 2024-1A A3 5.19% 7/17/2028 843.3811/15/2024 11/15/2024 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 808.1311/15/2024 11/15/2024 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 918.0811/15/2024 11/15/2024 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 14.8711/15/2024 11/15/2024 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 8.86 29 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST11/15/2024 11/15/2024 891941AD8 TAOT 2023-B A3 4.71% 2/15/2028 1,059.7511/15/2024 11/15/2024 344930AD4 FORDO 2023-B A3 5.23% 5/15/2028 871.6711/15/2024 11/15/2024 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 165.8811/15/2024 11/15/2024 14041NGE5 COMET 2024-A1 A 3.92% 9/15/2029 3,415.3011/15/2024 11/15/2024 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 954.5011/15/2024 11/15/2024 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 7.7411/15/2024 11/15/2024 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 1.5411/15/2024 11/15/2024 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 697.5011/15/2024 11/15/2024 448976AD2 HART 2024-C A3 4.41% 5/15/2029 852.6011/15/2024 11/15/2024 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 20.8911/15/2024 11/15/2024 161571HV9 CHAIT 2024-A1 A 4.60% 1/16/2029 1,993.3311/15/2024 11/15/2024 448979AD6 HART 2023-A A3 4.58% 4/15/2027 839.6711/15/2024 11/15/2024 50117KAC4 KCOT 2023-1A A3 5.02% 6/15/2027 1,004.0011/15/2024 11/15/2024 91324PEC2 UNITEDHEALTH GROUP INC (CALLABLE) 1.15% 5/15/2026 1,437.5011/15/2024 11/15/2024 92970QAE5 WFCIT 2024-A2 A 4.29% 10/15/2029 588.0911/15/2024 11/15/2024 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 600.1711/15/2024 11/15/2024 500945AC4 KCOT 2023-2A A3 5.28% 1/18/2028 770.00 30 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST11/15/2024 11/15/2024 02007WAC2 ALLYA 2023-1 A3 5.46% 5/15/2028 1,137.5011/15/2024 11/15/2024 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 17.4911/15/2024 11/15/2024 50117DAC0 KCOT 2024-2A A3 5.26% 11/15/2028 1,030.0811/15/2024 11/15/2024 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 237.4911/15/2024 11/15/2024 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 750.7411/15/2024 11/15/2024 92970QAA3 WFCIT 2024-A1 A 4.94% 2/15/2029 2,675.8311/15/2024 11/15/2024 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 2,188.9611/15/2024 11/15/2024 44933XAD9 HART 2023-B A3 5.48% 4/17/2028 639.3311/15/2024 11/15/2024 02582JKH2 AMXCA 2024-1 A 5.23% 4/16/2029 2,723.9611/15/2024 11/15/2024 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 1,034.8711/15/2024 11/15/2024 41285YAC9 HDMOT 2023-B A3 5.69% 8/15/2028 2,204.8811/15/2024 11/15/2024 44933DAD3 HART 2022-C A3 5.39% 6/15/2027 751.5611/15/2024 11/15/2024 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 470.6111/15/2024 11/15/2024 44918CAD4 HART 2023-C A3 5.54% 10/16/2028 923.3311/15/2024 11/15/2024 369550BC1 GENERAL DYNAMICS CORP (CALLABLE) 3.75% 5/15/2028 5,156.2511/15/2024 11/15/2024 06054YAC1 BAAT 2023-2A A3 5.74% 6/15/2028 2,200.3311/16/2024 11/16/2024 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 12.94 31 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST11/16/2024 11/16/2024 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 670.5011/16/2024 11/16/2024 379930AD2 GMCAR 2023-4 A3 5.78% 8/16/2028 1,035.5811/16/2024 11/16/2024 38014AAD3 GMCAR 2024-4 A3 4.40% 8/16/2029 645.3311/16/2024 11/16/2024 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 27.9411/16/2024 11/16/2024 36267KAD9 GMCAR 2023-3 A3 5.45% 6/16/2028 635.8311/17/2024 11/17/2024 10373QBY5 BP CAP MARKETS AMERICA (CALLABLE) 5.01% 11/17/2027 9,532.3011/20/2024 11/20/2024 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 21.3811/21/2024 11/21/2024 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 543.3811/25/2024 11/25/2024 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 524.2111/30/2024 11/30/2024 91282CFZ9 US TREASURY N/B 3.87% 11/30/2027 12,109.3811/30/2024 11/30/2024 91282CHE4 US TREASURY N/B 3.62% 5/31/2028 18,125.0011/30/2024 11/30/2024 91282CKT7 US TREASURY N/B 4.50% 5/31/2029 27,000.0011/30/2024 11/30/2024 91282CJN2 US TREASURY N/B 4.37% 11/30/2028 5,468.7511/30/2024 11/30/2024 91282CET4 US TREASURY N/B 2.62% 5/31/2027 9,515.6312/1/2024 12/1/2024 90327QD97 USAA CAPITAL CORP 5.25% 6/1/2027 7,917.2912/1/2024 12/25/2024 3136BQDE6 FNA 2023-M6 A2 4.18% 7/1/2028 1,831.1812/1/2024 12/25/2024 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 1,257.30 32 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST12/1/2024 12/25/2024 3137HBCF9 FHMS K512 A2 5.00% 11/1/2028 1,104.1712/1/2024 12/25/2024 3137FNWX4 FHMS K736 A2 2.28% 7/1/2026 759.1712/1/2024 12/25/2024 3137HH6C0 FHMS K529 A2 4.79% 9/1/2029 1,237.6812/1/2024 12/25/2024 3137F64P9 FHMS K739 A2 1.33% 9/1/2027 501.0012/1/2024 12/25/2024 3137BM7C4 FHMS K051 A2 3.30% 9/1/2025 400.7412/1/2024 12/25/2024 3136AY6X6 FNA 2017-M15 A2 2.96% 9/1/2027 872.0512/1/2024 12/25/2024 3137BVZ82 FHMS K063 A2 3.43% 1/1/2027 2,000.8312/1/2024 12/25/2024 3137BSP72 FHMS K058 A2 2.65% 8/1/2026 994.8712/1/2024 12/25/2024 3137HDV56 FHMS K524 A2 4.72% 5/1/2029 2,045.3312/1/2024 12/25/2024 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 2,518.7512/1/2024 12/25/2024 3137HC2L5 FHMS K518 A2 5.40% 1/1/2029 2,362.5012/1/2024 12/25/2024 3137BMTX4 FHMS K052 A2 3.15% 11/1/2025 656.4612/1/2024 12/25/2024 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 2,811.0812/1/2024 12/25/2024 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 1,180.9412/1/2024 12/25/2024 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 654.0512/1/2024 12/25/2024 3136AX7E9 FNA 2017-M12 A2 3.06% 6/1/2027 607.7512/1/2024 12/25/2024 3137H14B9 FHMS K743 A2 1.77% 5/1/2028 737.50 33 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST12/1/2024 12/25/2024 3137HDXL9 FHMS K526 A2 4.54% 7/1/2029 1,873.9912/1/2024 12/25/2024 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 2,425.0012/1/2024 12/25/2024 3137F1G44 FHMS K065 A2 3.24% 4/1/2027 1,621.5012/1/2024 12/25/2024 3137HB3G7 FHMS K511 A2 4.86% 10/1/2028 1,458.0012/1/2024 12/25/2024 3137BRQJ7 FHMS K057 A2 2.57% 7/1/2026 642.5012/1/2024 12/25/2024 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 2,567.5012/1/2024 12/25/2024 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 352.6312/1/2024 12/25/2024 3137HCKV3 FHMS K520 A2 5.18% 3/1/2029 1,273.4212/1/2024 12/25/2024 3137HHJL6 FHMS K530 A2 4.79% 9/1/2029 1,976.7012/1/2024 12/25/2024 3137BN6G4 FHMS K053 A2 2.99% 12/1/2025 623.9612/1/2024 12/25/2024 3137HFNZ4 FHMS K528 A2 4.50% 7/1/2029 732.5512/1/2024 12/25/2024 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 1,200.9412/1/2024 12/25/2024 3137HDJJ0 FHMS K522 A2 4.80% 5/1/2029 2,701.6912/1/2024 12/25/2024 3137HB3D4 FHMS K510 A2 5.06% 10/1/2028 992.6812/4/2024 12/4/2024 17325FBC1 CITIBANK NA (CALLABLE) 5.48% 12/4/2026 6,860.0012/8/2024 12/8/2024 48125LRU8 JP MORGAN CHASE BANK NA (CALLABLE) 5.11% 12/8/2026 10,220.0012/11/2024 12/11/2024 94988J6F9 WELLS FARGO BANK NA (CALLABLE) 5.25% 12/11/2026 10,508.00 34 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST12/15/2024 12/15/2024 14041NGD7 COMET 2023-A1 A 4.42% 5/15/2028 1,528.5812/15/2024 12/15/2024 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 954.5012/15/2024 12/15/2024 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 147.3312/15/2024 12/15/2024 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 702.6812/15/2024 12/15/2024 02582JJZ4 AMXCA 2023-1 A 4.87% 5/15/2028 1,034.8712/15/2024 12/15/2024 92970QAE5 WFCIT 2024-A2 A 4.29% 10/15/2029 840.1312/15/2024 12/15/2024 161571HV9 CHAIT 2024-A1 A 4.60% 1/16/2029 1,993.3312/15/2024 12/15/2024 02582JKH2 AMXCA 2024-1 A 5.23% 4/16/2029 2,723.9612/15/2024 12/15/2024 63743HFE7 NATIONAL RURAL UTIL COOP 3.45% 6/15/2025 517.5012/15/2024 12/15/2024 02007WAC2 ALLYA 2023-1 A3 5.46% 5/15/2028 1,137.5012/15/2024 12/15/2024 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 956.6912/15/2024 12/15/2024 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 859.9712/15/2024 12/15/2024 891941AD8 TAOT 2023-B A3 4.71% 2/15/2028 1,059.7512/15/2024 12/15/2024 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 17.7812/15/2024 12/15/2024 448976AD2 HART 2024-C A3 4.41% 5/15/2029 882.0012/15/2024 12/15/2024 44918CAD4 HART 2023-C A3 5.54% 10/16/2028 923.3312/15/2024 12/15/2024 459058KJ1 INTL BK RECON & DEVELOP 3.12% 6/15/2027 4,298.25 35 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST12/15/2024 12/15/2024 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 4.9712/15/2024 12/15/2024 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 12.4312/15/2024 12/15/2024 50117BAC4 KCOT 2024-1A A3 5.19% 7/17/2028 843.3812/15/2024 12/15/2024 44933XAD9 HART 2023-B A3 5.48% 4/17/2028 639.3312/15/2024 12/15/2024 06054YAC1 BAAT 2023-2A A3 5.74% 6/15/2028 2,200.3312/15/2024 12/15/2024 41285YAC9 HDMOT 2023-B A3 5.69% 8/15/2028 2,204.8812/15/2024 12/15/2024 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 2,188.9612/15/2024 12/15/2024 50117KAC4 KCOT 2023-1A A3 5.02% 6/15/2027 1,004.0012/15/2024 12/15/2024 254683CY9 DCENT 2023-A1 A 4.31% 3/15/2028 808.1312/15/2024 12/15/2024 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 15.1512/15/2024 12/15/2024 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 441.4112/15/2024 12/15/2024 500945AC4 KCOT 2023-2A A3 5.28% 1/18/2028 770.0012/15/2024 12/15/2024 90291VAC4 USAOT 2023-A A3 5.58% 5/15/2028 2,418.0012/15/2024 12/15/2024 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 6.8012/15/2024 12/15/2024 44933DAD3 HART 2022-C A3 5.39% 6/15/2027 699.9712/15/2024 12/15/2024 344930AD4 FORDO 2023-B A3 5.23% 5/15/2028 871.6712/15/2024 12/15/2024 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 600.17 36 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST12/15/2024 12/15/2024 14041NGE5 COMET 2024-A1 A 3.92% 9/15/2029 2,009.0012/15/2024 12/15/2024 448979AD6 HART 2023-A A3 4.58% 4/15/2027 839.6712/15/2024 12/15/2024 92970QAA3 WFCIT 2024-A1 A 4.94% 2/15/2029 2,675.8312/15/2024 12/15/2024 06428AAC2 BAAT 2023-1A A3 5.53% 2/15/2028 1,082.9612/15/2024 12/15/2024 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 217.7612/15/2024 12/15/2024 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 12.2312/15/2024 12/15/2024 05522RDG0 BACCT 2023-A1 A1 4.79% 5/15/2028 918.0812/15/2024 12/15/2024 448977AD0 HART 2022-A A3 2.22% 10/15/2026 128.1212/15/2024 12/15/2024 344928AD8 FORDO 2023-A A3 4.65% 2/15/2028 697.5012/15/2024 12/15/2024 254683CZ6 DCENT 2023-A2 A 4.93% 6/15/2028 1,869.2912/15/2024 12/15/2024 50117DAC0 KCOT 2024-2A A3 5.26% 11/15/2028 1,030.0812/16/2024 12/16/2024 38014AAD3 GMCAR 2024-4 A3 4.40% 8/16/2029 605.0012/16/2024 12/16/2024 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 24.5312/16/2024 12/16/2024 379930AD2 GMCAR 2023-4 A3 5.78% 8/16/2028 1,035.5812/16/2024 12/16/2024 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 11.1612/16/2024 12/16/2024 362583AD8 GMCAR 2023-2 A3 4.47% 2/16/2028 670.5012/16/2024 12/16/2024 36267KAD9 GMCAR 2023-3 A3 5.45% 6/16/2028 635.83 37 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
INTEREST12/20/2024 12/20/2024 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 17.0412/21/2024 12/21/2024 438123AC5 HAROT 2023-4 A3 5.67% 6/21/2028 543.3812/25/2024 12/25/2024 05592XAD2 BMWOT 2023-A A3 5.47% 2/25/2028 524.2112/31/2024 12/31/2024 91282CEW7 US TREASURY N/B 3.25% 6/30/2027 12,187.5012/31/2024 12/31/2024 91282CEV9 US TREASURY N/B 3.25% 6/30/2029 13,000.0012/31/2024 12/31/2024 91282CJR3 US TREASURY N/B 3.75% 12/31/2028 30,000.0012/31/2024 12/31/2024 91282CKX8 US TREASURY N/B 4.25% 6/30/2029 24,437.5012/31/2024 12/31/2024 91282CGC9 US TREASURY N/B 3.87% 12/31/2027 58,125.00 Total INTEREST 0.00 633,205.42 0.00
MATURITY10/24/2024 10/24/2024 110,000.00 06406RAL1 BANK OF NY MELLON CORP 2.10% 10/24/2024 110,000.00 Total MATURITY 110,000.00 110,000.00 0.00
PAYDOWNS10/1/2024 10/25/2024 3.30 3136BQDE6 FNA 2023-M6 A2 4.18% 7/1/2028 3.32 0.1210/1/2024 10/25/2024 2,593.66 3136AX7E9 FNA 2017-M12 A2 3.06% 6/1/2027 2,593.66 120.6310/1/2024 10/25/2024 633.12 3137BKRJ1 FHMS K047 A2 3.32% 5/1/2025 633.12 -0.8810/1/2024 10/25/2024 10,834.08 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 10,834.08 0.04 38 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
BUY10/1/2024 10/4/2024 105,000.00 00440KAA1 ACCENTURE CAPITAL INC (CALLABLE) 3.90% 10/4/2027 104,864.55 3.95%10/2/2024 10/4/2024 600,000.00 91282CLN9 US TREASURY N/B 3.50% 9/30/2029 598,894.83 3.55%10/7/2024 10/10/2024 130,000.00 89236TMS1 TOYOTA MOTOR CREDIT CORP 4.35% 10/8/2027 129,949.30 4.36%10/8/2024 10/16/2024 310,000.00 3137HH6C0 FHMS K529 A2 4.79% 9/1/2029 316,814.81 4.34%10/8/2024 10/16/2024 165,000.00 38014AAD3 GMCAR 2024-4 A3 4.40% 8/16/2029 164,968.22 4.40%10/8/2024 10/16/2024 240,000.00 448976AD2 HART 2024-C A3 4.41% 5/15/2029 239,982.43 4.41%10/9/2024 10/15/2024 150,000.00 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 152,732.14 4.40%10/17/2024 10/22/2024 300,000.00 857477CP6 STATE STREET CORP (CALLABLE) 4.33% 10/22/2027 300,000.00 4.33%10/17/2024 10/24/2024 235,000.00 92970QAE5 WFCIT 2024-A2 A 4.29% 10/15/2029 234,965.08 4.29%10/28/2024 10/29/2024 250,000.00 91282CJN2 US TREASURY N/B 4.37% 11/30/2028 256,807.39 4.13%10/30/2024 11/4/2024 450,000.00 3137F64P9 FHMS K739 A2 1.33% 9/1/2027 415,509.08 4.14%11/1/2024 11/4/2024 500,000.00 91282CLR0 US TREASURY N/B 4.12% 10/31/2029 499,075.56 4.18%11/12/2024 11/15/2024 250,000.00 14913UAU4 CATERPILLAR FINL SERVICE 4.70% 11/15/2029 249,592.50 4.74%11/19/2024 11/27/2024 495,000.00 3137HHJL6 FHMS K530 A2 4.79% 9/1/2029 499,290.61 4.67%12/6/2024 12/10/2024 800,000.00 91282CMA6 US TREASURY N/B 4.12% 11/30/2029 802,344.09 4.08%12/23/2024 12/26/2024 1,000,000.00 91282CMA6 US TREASURY N/B 4.12% 11/30/2029 990,172.99 4.42% Total BUY 5,980,000.00 5,955,963.58 0.00
39 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS10/1/2024 10/25/2024 675.34 3137BLMZ8 FHMS K049 A2 3.01% 7/1/2025 675.34 2.6410/1/2024 10/25/2024 259.34 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 259.34 6.1010/1/2024 10/25/2024 316.93 3137BM7C4 FHMS K051 A2 3.30% 9/1/2025 316.93 0.7310/1/2024 10/25/2024 486.96 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 486.96 9.2010/1/2024 10/25/2024 620.35 3136AY6X6 FNA 2017-M15 A2 2.96% 9/1/2027 620.35 31.2610/1/2024 10/25/2024 245.25 3137FNWX4 FHMS K736 A2 2.28% 7/1/2026 245.25 11.5310/15/2024 10/15/2024 3,464.83 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 3,464.82 0.2010/15/2024 10/15/2024 3,274.06 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 3,274.06 0.2510/15/2024 10/15/2024 5,900.44 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 5,900.44 0.0610/15/2024 10/15/2024 7,254.73 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 7,254.73 0.5910/15/2024 10/15/2024 4,959.91 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 4,959.91 0.2810/15/2024 10/15/2024 8,895.19 448977AD0 HART 2022-A A3 2.22% 10/15/2026 8,895.19 0.1510/15/2024 10/15/2024 7,901.14 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 7,901.14 0.6110/15/2024 10/15/2024 3,996.16 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 3,996.16 0.0310/15/2024 10/15/2024 3,662.34 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 3,662.34 0.0310/15/2024 10/15/2024 11,171.45 44933DAD3 HART 2022-C A3 5.39% 6/15/2027 11,171.45 0.0310/15/2024 10/15/2024 8,507.65 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 8,507.65 0.53 40 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS10/15/2024 10/15/2024 14,941.22 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 14,941.22 1.7710/15/2024 10/15/2024 9,975.45 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 9,975.45 1.3910/15/2024 10/15/2024 4,642.13 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 4,642.13 0.2610/16/2024 10/16/2024 3,255.20 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 3,255.20 0.0310/16/2024 10/16/2024 3,354.47 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 3,354.47 0.1210/20/2024 10/20/2024 4,984.70 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 4,984.70 0.0711/1/2024 11/25/2024 460.41 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 460.41 8.3611/1/2024 11/25/2024 2.98 3136BQDE6 FNA 2023-M6 A2 4.18% 7/1/2028 2.98 0.0911/1/2024 11/25/2024 259.50 3136AX7E9 FNA 2017-M12 A2 3.06% 6/1/2027 259.48 11.6811/1/2024 11/25/2024 542.98 3137FNWX4 FHMS K736 A2 2.28% 7/1/2026 542.98 24.3511/1/2024 11/25/2024 581.00 3136AY6X6 FNA 2017-M15 A2 2.96% 9/1/2027 581.02 28.4811/1/2024 11/25/2024 243.07 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 243.07 5.3711/1/2024 11/25/2024 567.04 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 567.0411/1/2024 11/25/2024 299.32 3137BM7C4 FHMS K051 A2 3.30% 9/1/2025 299.32 0.6311/15/2024 11/15/2024 5,918.29 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 5,918.29 0.0511/15/2024 11/15/2024 14,614.30 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 14,614.30 1.6911/15/2024 11/15/2024 8,866.86 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 8,866.86 0.53 41 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS11/15/2024 11/15/2024 7,273.84 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 7,273.84 0.5711/15/2024 11/15/2024 9,113.55 448977AD0 HART 2022-A A3 2.22% 10/15/2026 9,113.55 0.1511/15/2024 11/15/2024 7,770.70 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 7,770.70 0.5811/15/2024 11/15/2024 5,315.15 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 5,315.15 0.2911/15/2024 11/15/2024 3,653.19 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 3,653.19 0.0311/15/2024 11/15/2024 3,544.82 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 3,544.82 0.2011/15/2024 11/15/2024 10,797.86 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 10,797.86 1.4511/15/2024 11/15/2024 3,344.08 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 3,344.08 0.2511/15/2024 11/15/2024 11,483.64 44933DAD3 HART 2022-C A3 5.39% 6/15/2027 11,483.64 0.0311/15/2024 11/15/2024 4,617.70 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 4,617.70 0.2511/15/2024 11/15/2024 4,110.56 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 4,110.56 0.0311/15/2024 11/15/2024 2,667.48 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 2,667.48 0.1711/16/2024 11/16/2024 3,245.72 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 3,245.72 0.1211/16/2024 11/16/2024 3,131.26 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 3,131.26 0.0311/20/2024 11/20/2024 5,106.64 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 5,106.64 0.0712/1/2024 12/25/2024 624.57 3136AY6X6 FNA 2017-M15 A2 2.96% 9/1/2027 624.57 29.7212/1/2024 12/25/2024 728.71 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 728.71 42 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS12/1/2024 12/25/2024 279.76 3136AX7E9 FNA 2017-M12 A2 3.06% 6/1/2027 279.76 12.2212/1/2024 12/25/2024 6,110.14 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 6,110.14 141.9012/1/2024 12/25/2024 582.11 3137FNWX4 FHMS K736 A2 2.28% 7/1/2026 582.11 24.8412/1/2024 12/25/2024 3.36 3136BQDE6 FNA 2023-M6 A2 4.18% 7/1/2028 3.36 0.1012/1/2024 12/25/2024 490.04 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 490.04 8.5412/1/2024 12/25/2024 319.11 3137BM7C4 FHMS K051 A2 3.30% 9/1/2025 319.11 0.6112/1/2024 12/25/2024 261.26 3136ARTE8 FNA 2016-M3 A2 2.70% 2/1/2026 261.26 5.4112/1/2024 12/25/2024 6,721.15 3137BNGT5 FHMS K054 A2 2.74% 1/1/2026 6,721.15 115.1012/1/2024 12/25/2024 19.99 3137BMTX4 FHMS K052 A2 3.15% 11/1/2025 19.99 0.0612/15/2024 12/15/2024 3,182.20 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 3,182.20 0.2212/15/2024 12/15/2024 5,669.97 50117XAE2 KCOT 2021-2A A3 0.56% 11/17/2025 5,669.97 0.0512/15/2024 12/15/2024 8,749.32 448977AD0 HART 2022-A A3 2.22% 10/15/2026 8,749.32 0.1312/15/2024 12/15/2024 13,498.21 448979AD6 HART 2023-A A3 4.58% 4/15/2027 13,498.21 0.7712/15/2024 12/15/2024 13,308.06 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 13,308.06 1.4912/15/2024 12/15/2024 9,693.31 14318UAD3 CARMX 2022-4 A3 5.34% 8/16/2027 9,693.31 1.2612/15/2024 12/15/2024 3,473.20 14044CAC6 COPAR 2021-1 A3 0.77% 9/15/2026 3,473.20 0.0212/15/2024 12/15/2024 12,824.36 41285JAD0 HDMOT 2023-A A3 5.05% 12/15/2027 12,824.36 0.80 43 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
PAYDOWNS12/15/2024 12/15/2024 7,435.96 58770AAC7 MBART 2023-1 A3 4.51% 11/15/2027 7,435.96 0.5412/15/2024 12/15/2024 4,729.80 14317DAC4 CARMX 2021-3 A3 0.55% 6/15/2026 4,729.80 0.2412/15/2024 12/15/2024 6,496.60 41284YAD8 HDMOT 2022-A A3 3.06% 2/15/2027 6,496.60 0.4912/15/2024 12/15/2024 10,915.28 44933DAD3 HART 2022-C A3 5.39% 6/15/2027 10,915.28 0.0312/15/2024 12/15/2024 8,417.58 50117EAC8 KCOT 2022-1A A3 2.67% 10/15/2026 8,417.58 0.4912/15/2024 12/15/2024 3,798.70 89238JAC9 TAOT 2021-D A3 0.71% 4/15/2026 3,798.70 0.0312/15/2024 12/15/2024 4,381.53 98163KAC6 WOART 2021-D A3 0.81% 10/15/2026 4,381.53 0.2212/16/2024 12/16/2024 2,910.25 362554AC1 GMCAR 2021-4 A3 0.68% 9/16/2026 2,910.25 0.0312/16/2024 12/16/2024 3,172.30 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 3,172.30 0.1112/20/2024 12/20/2024 4,671.85 92868KAC7 VALET 2021-1 A3 1.02% 6/22/2026 4,671.85 0.06 Total PAYDOWNS 387,810.02 387,810.03 618.70
SELL10/2/2024 10/4/2024 296,144.92 3137BKRJ1 FHMS K047 A2 3.32% 5/1/2025 293,670.52 -2,961.9710/2/2024 10/4/2024 320,987.02 3137BLMZ8 FHMS K049 A2 3.01% 7/1/2025 317,343.58 -2,480.1510/9/2024 10/10/2024 350,000.00 912828U24 US TREASURY N/B 2.00% 11/15/2026 338,965.61 -1,665.5910/9/2024 10/15/2024 150,000.00 912828U24 US TREASURY N/B 2.00% 11/15/2026 145,335.17 -724.4710/16/2024 10/16/2024 350,000.00 912828U24 US TREASURY N/B 2.00% 11/15/2026 339,667.63 -1,173.13 44 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Portfolio Activity
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Coupon Amount ($)
Yield
at Market
Realized
Security Description G/L (BV)
SELL10/17/2024 10/18/2024 325,000.00 14041NFZ9 COMET 2022-A1 A1 2.80% 3/15/2027 322,447.90 -2,616.0310/21/2024 10/22/2024 200,000.00 912828U24 US TREASURY N/B 2.00% 11/15/2026 193,895.38 -990.5210/31/2024 11/4/2024 400,000.00 912828U24 US TREASURY N/B 2.00% 11/15/2026 387,135.87 -3,154.8611/1/2024 11/4/2024 325,000.00 89115B6K1 TORONTO DOMINION BANK NY 5.60% 10/27/2025 328,721.70 3,216.1411/1/2024 11/4/2024 150,000.00 91282CDK4 US TREASURY N/B 1.25% 11/30/2026 142,132.43 -8,752.2311/15/2024 11/15/2024 100,000.00 91282CDK4 US TREASURY N/B 1.25% 11/30/2026 94,663.61 -5,962.9611/22/2024 11/25/2024 50,000.00 91282CDK4 US TREASURY N/B 1.25% 11/30/2026 47,352.79 -2,977.2111/22/2024 11/25/2024 50,000.00 912828V98 US TREASURY N/B 2.25% 2/15/2027 48,136.04 -702.3611/22/2024 11/25/2024 325,000.00 91282CDQ1 US TREASURY N/B 1.25% 12/31/2026 306,829.14 -19,078.0212/9/2024 12/10/2024 400,000.00 20271RAR1 COMMONWEALTH BK AUSTR NY 5.31% 3/13/2026 409,546.80 4,408.0012/9/2024 12/10/2024 150,000.00 90327QD89 USAA CAPITAL CORP 3.37% 5/1/2025 149,792.44 -690.4412/9/2024 12/10/2024 150,000.00 641062BA1 NESTLE HOLDINGS INC 4.00% 9/12/2025 151,022.67 -431.5212/23/2024 12/26/2024 800,000.00 912828V98 US TREASURY N/B 2.25% 2/15/2027 772,630.43 -11,200.27 Total SELL 4,892,131.94 4,789,289.71 -57,937.59
45 © PFM Asset Management LLC | pfmam.com
Portfolio Holdings
PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 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 N/BDTD 02/15/2017 2.250% 02/15/2027
912828V98 4,150,000.00 AA+ Aaa 1/26/2023 1/27/2023 3,927,099.61 3.69 35,269.36 4,033,278.51 3,982,215.50 US TREASURY N/BDTD 02/15/2017 2.250% 02/15/2027
912828V98 1,000,000.00 AA+ Aaa 2/6/2023 2/7/2023 938,828.13 3.91 8,498.64 967,727.57 959,570.00 US TREASURY N/BDTD 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 3,832.42 596,761.85 577,687.80 US TREASURY N/BDTD 05/02/2022 2.750% 04/30/2027
91282CEN7 325,000.00 AA+ Aaa 5/4/2022 5/6/2022 320,886.72 3.03 1,530.73 323,081.22 314,171.00 US TREASURY N/BDTD 05/31/2022 2.625% 05/31/2027
91282CET4 375,000.00 AA+ Aaa 6/9/2022 6/10/2022 367,309.57 3.07 865.38 371,273.36 360,966.75 US TREASURY N/BDTD 05/31/2022 2.625% 05/31/2027
91282CET4 350,000.00 AA+ Aaa 6/1/2022 6/6/2022 344,818.36 2.95 807.69 347,494.59 336,902.30 US TREASURY N/BDTD 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 67.33 739,971.05 732,333.75 US TREASURY N/BDTD 07/15/2024 4.375% 07/15/2027
91282CKZ3 700,000.00 AA+ Aaa 8/1/2024 8/5/2024 708,039.06 3.96 14,147.42 706,988.96 701,722.70 US TREASURY N/BDTD 08/15/2024 3.750% 08/15/2027
91282CLG4 1,500,000.00 AA+ Aaa 9/5/2024 9/10/2024 1,506,035.16 3.60 21,246.60 1,505,431.62 1,480,782.00 US TREASURY N/BDTD 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 2,129.12 623,382.51 617,871.25 US TREASURY N/BDTD 01/03/2023 3.875% 12/31/2027
91282CGC9 3,000,000.00 AA+ Aaa 1/26/2023 1/27/2023 3,035,507.81 3.61 321.13 3,021,592.85 2,965,194.00 US TREASURY N/BDTD 01/31/2023 3.500% 01/31/2028
91282CGH8 2,000,000.00 AA+ Aaa 1/31/2023 2/1/2023 1,987,109.38 3.64 29,293.48 1,992,053.73 1,953,906.00 US TREASURY N/BDTD 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 23,104.97 1,688,114.71 1,684,327.70 US TREASURY N/BDTD 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 3,186.81 984,507.34 977,969.00 US TREASURY N/BDTD 10/02/2023 4.625% 09/30/2028
91282CJA0 425,000.00 AA+ Aaa 10/2/2023 10/4/2023 423,572.27 4.70 5,022.06 423,898.81 428,918.07 46 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 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/BDTD 11/30/2023 4.375% 11/30/2028
91282CJN2 250,000.00 AA+ Aaa 10/28/2024 10/29/2024 252,294.92 4.13 961.54 252,204.92 250,068.25 US TREASURY N/BDTD 01/02/2024 3.750% 12/31/2028
91282CJR3 1,600,000.00 AA+ Aaa 1/4/2024 1/5/2024 1,584,062.50 3.97 165.75 1,586,984.64 1,563,875.20 US TREASURY N/BDTD 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 9,386.40 648,394.85 646,876.75 US TREASURY N/BDTD 04/01/2024 4.125% 03/31/2029
91282CKG5 825,000.00 AA+ Aaa 5/23/2024 5/24/2024 810,369.14 4.54 8,694.80 812,035.88 816,782.18 US TREASURY N/BDTD 04/01/2024 4.125% 03/31/2029
91282CKG5 1,250,000.00 AA+ Aaa 4/15/2024 4/16/2024 1,220,849.61 4.66 13,173.94 1,224,648.16 1,237,548.75 US TREASURY N/BDTD 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 1,978.02 500,457.73 502,324.00 US TREASURY N/BDTD 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 2,769.23 705,736.39 703,253.60 US TREASURY N/BDTD 07/01/2024 4.250% 06/30/2029
91282CKX8 1,150,000.00 AA+ Aaa 7/1/2024 7/5/2024 1,141,195.31 4.42 135.01 1,141,980.35 1,143,486.40 US TREASURY N/BDTD 06/30/2022 3.250% 06/30/2029
91282CEV9 800,000.00 AA+ Aaa 9/26/2024 9/30/2024 790,718.75 3.52 71.82 791,173.32 763,281.60 US TREASURY N/BDTD 09/30/2024 3.500% 09/30/2029
91282CLN9 600,000.00 AA+ Aaa 10/2/2024 10/4/2024 598,664.06 3.55 5,365.38 598,726.84 577,242.00 US TREASURY N/BDTD 10/31/2024 4.125% 10/31/2029
91282CLR0 500,000.00 AA+ Aaa 11/1/2024 11/4/2024 498,847.66 4.18 3,532.46 498,882.52 494,179.50 US TREASURY N/BDTD 12/02/2024 4.125% 11/30/2029
91282CMA6 1,000,000.00 AA+ Aaa 12/23/2024 12/26/2024 987,226.56 4.42 3,626.37 987,268.39 988,516.00 US TREASURY N/BDTD 12/02/2024 4.125% 11/30/2029
91282CMA6 800,000.00 AA+ Aaa 12/6/2024 12/10/2024 801,437.50 4.08 2,901.10 801,421.63 790,812.80 Security Type Sub-Total 29,125,000.00 28,710,424.82 3.91 202,084.96 28,875,474.30 28,552,784.85 Supranational
INTL BK RECON & DEVELOPDTD 07/19/2022 3.125% 06/15/2027 459058KJ1 275,000.00 AAA Aaa 7/12/2022 7/19/2022 274,857.00 3.14 381.94 274,928.42 267,141.05 Security Type Sub-Total 275,000.00 274,857.00 3.14 381.94 274,928.42 267,141.05 47 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 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
Negotiable CD
NORDEA BANK ABP NEW YORKDTD 11/03/2022 5.530% 11/03/2025 65558UYF3 325,000.00 A-1+ P-1 11/2/2022 11/3/2022 325,000.00 5.53 2,895.57 325,000.00 328,668.93 NATIXIS NY BRANCHDTD 09/20/2023 5.610% 09/18/2026
63873QP65 500,000.00 A+ A1 9/18/2023 9/20/2023 500,000.00 5.61 8,181.25 500,000.00 512,307.00 CREDIT AGRICOLE CIB NYDTD 02/05/2024 4.760% 02/01/2027
22536DWD6 525,000.00 A+ A1 2/1/2024 2/5/2024 525,000.00 4.76 22,976.92 525,000.00 522,409.65 Security Type Sub-Total 1,350,000.00 1,350,000.00 5.27 34,053.74 1,350,000.00 1,363,385.58 Municipal
NY ST URBAN DEV-F-1DTD 12/23/2020 0.870% 03/15/2025
650036DT0 340,000.00 NR NR 12/16/2020 12/23/2020 340,000.00 0.87 870.97 340,000.00 337,491.14 FLORIDA ST BRD OF ADMDTD 09/16/2020 1.258% 07/01/2025
341271AD6 255,000.00 AA Aa2 9/3/2020 9/16/2020 255,000.00 1.26 1,603.95 255,000.00 250,746.60 CA STDTD 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 4,280.63 265,000.00 267,280.59 Security Type Sub-Total 860,000.00 860,000.00 2.23 6,755.55 860,000.00 855,518.33 Joint Powers Authority
CAMP Pool 35,724.15 AAAm NR 35,724.15 0.00 35,724.15 35,724.15 Security Type Sub-Total 35,724.15 35,724.15 0.00 35,724.15 35,724.15 Corporate
PACCAR FINANCIAL CORPDTD 02/06/2020 1.800% 02/06/2025
69371RQ66 80,000.00 A+ A1 10/22/2020 10/29/2020 83,608.80 0.72 580.00 80,082.18 79,777.36 TOYOTA MOTOR CREDIT CORPDTD 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 20,004.84 19,931.56 TOYOTA MOTOR CREDIT CORPDTD 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 50,012.09 49,828.90 HSBC USA INCDTD 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 4,468.75 274,950.65 275,503.53 48 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 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(CALLABLE)DTD 03/09/2015 3.000% 04/01/2025 12189LAV3 110,000.00 AA- A2 3/5/2021 3/9/2021 118,429.30 1.07 825.00 110,000.00 109,560.88 BANK OF NY MELLON CORP(CALLABLE)DTD 04/24/2020 1.600% 04/24/2025 06406RAN7 115,000.00 A Aa3 3/11/2021 3/15/2021 117,725.50 1.01 342.44 115,156.12 113,886.80 CINTAS CORPORATION NO. 2(CALLABLE)DTD 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 69,998.29 69,671.21 NATIONAL RURAL UTIL COOPDTD 05/04/2022 3.450% 06/15/2025 63743HFE7 30,000.00 A- A2 4/27/2022 5/4/2022 29,991.90 3.92 46.00 29,998.81 29,828.85 NATIONAL RURAL UTIL COOPDTD 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 29,988.87 30,216.96 CITIGROUP INC (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 59,866.32 STATE STREET CORP (CALLABLE)DTD 01/26/2023 4.857% 01/26/2026 857477BZ5 50,000.00 A Aa3 1/23/2023 1/26/2023 50,000.00 4.86 1,045.60 50,000.00 49,993.75 STATE STREET CORP (CALLABLE)DTD 02/07/2022 1.746% 02/06/2026 857477BR3 75,000.00 A Aa3 2/2/2022 2/7/2022 75,000.00 1.75 527.44 75,000.00 74,755.05 GOLDMAN SACHS GROUP INC(CALLABLE)DTD 02/12/2021 0.855% 02/12/2026 38141GXS8 140,000.00 BBB+ A2 2/12/2021 2/17/2021 140,285.60 0.81 462.18 140,063.80 139,309.24 JPMORGAN CHASE & CO(CALLABLE)DTD 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 99,658.50 COMMONWEALTH BK AUSTR NYDTD 03/13/2023 5.316% 03/13/2026 20271RAR1 100,000.00 AA- Aa2 3/6/2023 3/13/2023 100,000.00 5.32 1,594.80 100,000.00 100,906.80 NATIONAL RURAL UTIL COOP(CALLABLE)DTD 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 64,982.10 64,857.46 CITIGROUP INC (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 64,759.44 STATE STREET CORP (CALLABLE)DTD 10/29/2020 2.901% 03/30/2026 857477BM4 200,000.00 A Aa3 2/17/2022 2/22/2022 204,026.00 2.38 1,466.62 200,320.49 199,000.00 49 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 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
PACCAR FINANCIAL CORPDTD 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 3,937.01 349,902.51 349,732.60 JPMORGAN CHASE & CO(CALLABLE)DTD 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 99,740.20 UNITEDHEALTH GROUP INC(CALLABLE)DTD 05/19/2021 1.150% 05/15/2026 91324PEC2 250,000.00 A+ A2 5/17/2021 5/19/2021 249,565.00 1.19 367.36 249,880.35 238,931.75
AMERICAN HONDA FINANCE
DTD 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 3,933.13 154,903.62 156,199.24 MORGAN STANLEYDTD 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 2,339.41 178,313.52 170,936.50 TRUIST FINANCIAL CORP(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 1,901.03 105,000.00 104,586.93 STATE STREET CORP (CALLABLE)DTD 08/03/2023 5.272% 08/03/2026 857477CD3 195,000.00 A Aa3 7/31/2023 8/3/2023 195,000.00 5.27 4,226.39 195,000.00 196,922.51 WELLS FARGO BANK NA(CALLABLE)DTD 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 5,450.00 249,883.78 252,992.75 TOYOTA MOTOR CREDIT CORPDTD 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 5,232.64 274,820.38 276,834.53 HERSHEY COMPANY (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 3,041.11 339,367.99 338,349.55 BANK OF AMERICA NA (CALLABLE)DTD 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 9,186.98 450,000.00 455,922.00 JOHN DEERE CAPITAL CORPDTD 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 4,849.58 299,876.65 303,464.70 BANK OF AMERICA CORP(CALLABLE)DTD 10/21/2020 1.197% 10/24/2026 06051GJK6 225,000.00 A- A1 12/2/2021 12/6/2021 219,908.25 1.68 501.24 223,108.70 218,589.52 TRUIST FINANCIAL CORP(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 1,135.75 110,000.00 110,853.27 50 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 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 (CALLABLE)DTD 11/04/2022 5.751% 11/04/2026 857477BX0 45,000.00 A Aa3 11/1/2022 11/4/2022 45,000.00 5.75 409.76 45,000.00 45,360.36 PEPSICO INC (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 59,989.71 60,746.04 ROCHE HOLDINGS INC (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 1,790.10 255,000.00 258,573.83 NATIONAL RURAL UTIL COOP(CALLABLE)DTD 11/02/2023 5.600% 11/13/2026 63743HFK3 115,000.00 A- A2 10/30/2023 11/2/2023 114,959.75 5.61 858.67 114,974.47 116,888.99 CITIBANK NA (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 1,029.00 250,000.00 253,690.50 JP MORGAN CHASE BANK NA(CALLABLE)DTD 12/08/2023 5.110% 12/08/2026 48125LRU8 400,000.00 AA- Aa2 12/5/2023 12/8/2023 400,000.00 5.11 1,305.89 400,000.00 404,228.80 WELLS FARGO BANK NA(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 1,167.56 400,000.00 404,732.00
AMERICAN HONDA FINANCE
DTD 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 2,823.26 240,086.25 238,585.00 TARGET CORP (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 1.99 404.63 44,968.65 42,807.15 TARGET CORP (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 1,393.71 154,772.33 147,446.85 PNC FINANCIAL SERVICES(CALLABLE)DTD 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 39,943.68 MORGAN STANLEY (CALLABLE)DTD 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 4,292.50 199,997.94 200,700.40 TEXAS INSTRUMENTS INC(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 5,664.39 309,858.74 311,301.38 ELI LILLY & CO (CALLABLE)DTD 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 4,792.50 269,898.10 270,615.87 BRISTOL-MYERS SQUIBB CO(CALLABLE)DTD 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 94,925.42 95,793.82 51 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 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
ASTRAZENECA FINANCE LLC
(CALLABLE)DTD 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 2,916.67 174,785.11 176,005.90 CISCO SYSTEMS INC (CALLABLE)DTD 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 5,083.33 304,710.43 307,207.59 JOHN DEERE CAPITAL CORPDTD 03/07/2022 2.350% 03/08/2027 24422EWD7 125,000.00 A A1 3/8/2022 3/10/2022 124,690.00 2.40 922.05 124,864.31 119,272.63 STATE STREET CORP (CALLABLE)DTD 03/18/2024 4.993% 03/18/2027 857477CL5 210,000.00 A Aa3 3/13/2024 3/18/2024 210,000.00 4.99 2,999.96 210,000.00 211,728.93 HORMEL FOODS CORP (CALLABLE)DTD 03/08/2024 4.800% 03/30/2027 440452AK6 150,000.00 A- A1 3/5/2024 3/8/2024 149,854.50 4.84 1,820.00 149,898.97 150,647.10 BMW US CAPITAL LLC (CALLABLE)DTD 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 1,293.75 150,212.00 145,820.40
ADOBE INC (CALLABLE)
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 2,519.98 214,917.77 216,532.31 BANK OF NY MELLON CORP(CALLABLE)DTD 04/26/2023 4.947% 04/26/2027 06406RBQ9 325,000.00 A Aa3 4/19/2023 4/26/2023 325,000.00 4.95 2,902.93 325,000.00 326,397.83 NORTHERN TRUST CORP(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 3.74 850.00 150,811.35 148,022.55
APPLE INC (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 1,111.11 248,835.18 243,008.00 USAA CAPITAL CORPDTD 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 1,334.38 304,278.49 308,455.65 BLACKROCK FUNDING INC(CALLABLE)DTD 07/26/2024 4.600% 07/26/2027 09290DAH4 230,000.00 AA- Aa3 7/17/2024 7/26/2024 229,993.10 4.60 4,555.28 229,994.49 230,560.74 HONEYWELL INTERNATIONAL(CALLABLE)DTD 08/01/2024 4.650% 07/30/2027 438516CX2 160,000.00 A A2 7/29/2024 8/1/2024 159,995.20 4.65 3,100.00 159,996.15 160,570.72 INTEL CORP (CALLABLE)DTD 08/05/2022 3.750% 08/05/2027
458140BY5 225,000.00 BBB Baa1 8/5/2022 8/9/2022 224,340.75 3.81 3,421.88 224,657.16 218,212.65 UNILEVER CAPITAL CORP(CALLABLE)DTD 08/12/2024 4.250% 08/12/2027 904764BU0 100,000.00 A+ A1 8/7/2024 8/12/2024 99,733.00 4.35 1,640.97 99,765.76 99,406.60 52 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 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
HOME DEPOT INC (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 2,080.56 240,654.85 239,513.50
ACCENTURE CAPITAL INC
(CALLABLE)DTD 10/04/2024 3.900% 10/04/2027
00440KAA1 105,000.00 AA- Aa3 10/1/2024 10/4/2024 104,864.55 3.95 989.63 104,874.98 103,471.73 TOYOTA MOTOR CREDIT CORPDTD 10/10/2024 4.350% 10/08/2027 89236TMS1 130,000.00 A+ A1 10/7/2024 10/10/2024 129,949.30 4.36 1,272.38 129,953.02 129,075.31 STATE STREET CORP (CALLABLE)DTD 10/22/2024 4.330% 10/22/2027 857477CP6 300,000.00 A Aa3 10/17/2024 10/22/2024 300,000.00 4.33 2,489.75 300,000.00 298,208.40 BP CAP MARKETS AMERICA(CALLABLE)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 2,330.12 380,000.00 384,123.00 CITIGROUP INC (CALLABLE)DTD 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 3,231.07 168,913.41 171,559.33 MASTERCARD INC (CALLABLE)DTD 09/05/2024 4.100% 01/15/2028 57636QBA1 160,000.00 A+ Aa3 9/3/2024 9/5/2024 159,912.00 4.12 2,113.78 159,920.33 158,248.00 HONEYWELL INTERNATIONAL(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 4,207.50 229,371.13 227,532.60 TEXAS INSTRUMENTS INC(CALLABLE)DTD 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 1,998.44 116,803.50 115,206.89 WELLS FARGO & COMPANY(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 2,375.15 240,113.83 242,440.00 JPMORGAN CHASE & CO(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 1,475.00 239,109.85 242,897.00 HERSHEY COMPANY (CALLABLE)DTD 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 2,186.98 326,316.13 321,896.90 GENERAL DYNAMICS CORP(CALLABLE)DTD 05/11/2018 3.750% 05/15/2028 369550BC1 275,000.00 A A2 6/1/2023 6/5/2023 266,582.25 4.45 1,317.71 269,258.91 266,976.05
AMERICAN EXPRESS CO (CALLABLE)
DTD 07/26/2024 5.043% 07/26/2028
025816DV8 70,000.00 A- A2 7/22/2024 7/26/2024 70,000.00 5.04 1,519.90 70,000.00 70,359.03 53 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 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
MERCEDES-BENZ FIN NADTD 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 9,959.17 470,655.83 475,336.77 BMW US CAPITAL LLC (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 5,891.67 298,236.75 300,568.20 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 8,026.67 349,743.03 349,447.00 NATIONAL RURAL UTIL COOP(CALLABLE)DTD 02/05/2024 4.850% 02/07/2029 63743HFN7 275,000.00 A- A2 2/7/2024 2/9/2024 275,178.75 4.83 5,335.00 275,150.72 275,126.23
AIR PRODUCTS & CHEMICALS
(CALLABLE)DTD 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 6,395.28 349,792.90 348,388.25 PEPSICO INC (CALLABLE)DTD 07/17/2024 4.500% 07/17/2029
713448FX1 175,000.00 A+ A1 7/22/2024 7/23/2024 174,636.00 4.55 3,587.50 174,665.04 174,648.25 NOVARTIS CAPITAL CORP(CALLABLE)DTD 09/18/2024 3.800% 09/18/2029 66989HAT5 465,000.00 AA- Aa3 9/16/2024 9/18/2024 463,870.05 3.85 5,055.58 463,931.24 447,743.39 PACCAR FINANCIAL CORPDTD 09/26/2024 4.000% 09/26/2029
69371RT48 90,000.00 A+ A1 9/23/2024 9/26/2024 89,814.60 4.05 950.00 89,823.61 87,066.63 CATERPILLAR FINL SERVICEDTD 11/15/2024 4.700% 11/15/2029 14913UAU4 250,000.00 A A2 11/12/2024 11/15/2024 249,592.50 4.74 1,501.39 249,602.88 249,128.50 Security Type Sub-Total 16,630,000.00 16,541,373.15 4.42 203,901.90 16,564,706.46 16,537,593.89 Agency CMBS
FHMS K051 A2DTD 12/01/2015 3.308% 09/01/2025
3137BM7C4 145,053.27 AA+ Aaa 8/5/2022 8/10/2022 143,999.37 3.55 399.86 144,805.95 143,707.46 FHMS K052 A2DTD 02/01/2016 3.151% 11/01/2025
3137BMTX4 249,980.01 AA+ Aaa 7/21/2022 7/26/2022 247,089.62 3.53 656.41 249,198.95 247,148.73 FHMS K053 A2DTD 03/01/2016 2.995% 12/01/2025
3137BN6G4 250,000.00 AA+ Aaa 8/4/2022 8/9/2022 247,119.14 3.35 623.96 249,161.33 246,620.00 FHMS K054 A2DTD 04/01/2016 2.745% 01/01/2026
3137BNGT5 268,278.85 AA+ Aaa 4/11/2023 4/14/2023 257,170.43 4.32 613.69 264,017.48 263,695.84 54 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 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 K054 A2DTD 04/01/2016 2.745% 01/01/2026
3137BNGT5 243,889.86 AA+ Aaa 3/1/2023 3/6/2023 229,675.66 4.90 557.90 238,636.49 239,723.49 FNA 2016-M3 A2DTD 03/01/2016 2.702% 02/01/2026
3136ARTE8 156,345.08 AA+ Aaa 10/6/2022 10/12/2022 147,501.82 4.51 352.04 153,326.85 153,199.11 FHMS K057 A2DTD 09/01/2016 2.570% 07/01/2026
3137BRQJ7 300,000.00 AA+ Aaa 5/18/2023 5/23/2023 285,257.81 4.22 642.50 292,719.27 292,089.90 FHMS K736 A2DTD 09/01/2019 2.282% 07/01/2026
3137FNWX4 398,629.66 AA+ Aaa 10/5/2023 10/11/2023 369,869.16 5.05 758.06 382,473.36 386,927.09 FHMS K058 A2DTD 11/01/2016 2.653% 08/01/2026
3137BSP72 450,000.00 AA+ Aaa 4/12/2023 4/17/2023 429,521.48 4.10 994.88 439,930.26 436,750.20 FHMS K061 A2DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 234,006.84 AA+ Aaa 5/19/2023 5/24/2023 226,803.81 4.29 652.68 230,099.72 228,393.95 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 4.28 2,000.83 688,612.43 684,791.80 FHMS K065 A2DTD 07/01/2017 3.243% 04/01/2027
3137F1G44 600,000.00 AA+ Aaa 6/12/2023 6/15/2023 573,585.94 4.48 1,621.50 584,151.56 582,480.00 FNA 2017-M12 A2DTD 10/01/2017 3.061% 06/01/2027
3136AX7E9 237,976.41 AA+ Aaa 8/24/2023 8/29/2023 222,498.64 5.09 607.04 227,920.36 229,794.78 FNA 2017-M15 A2DTD 12/01/2017 2.960% 09/01/2027
3136AY6X6 352,881.08 AA+ Aaa 8/24/2023 8/29/2023 328,606.71 4.85 870.44 336,587.78 339,225.29 FHMS K739 A2DTD 11/01/2020 1.336% 09/01/2027
3137F64P9 450,000.00 AA+ Aaa 10/30/2024 11/4/2024 415,458.98 4.14 501.00 417,234.87 416,112.75 FHMS K743 A2DTD 06/01/2021 1.770% 05/01/2028
3137H14B9 500,000.00 AA+ Aaa 8/10/2023 8/15/2023 437,617.19 4.68 737.50 455,606.65 455,302.50 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 2,811.08 704,939.42 701,593.90 FNA 2023-M6 A2DTD 07/01/2023 4.181% 07/01/2028
3136BQDE6 525,546.98 AA+ Aaa 8/22/2023 8/25/2023 505,674.73 5.07 1,831.09 511,131.18 515,147.98 FHMS KJ47 A1DTD 09/01/2023 5.272% 08/01/2028
3137HAMN3 268,073.27 AA+ Aaa 9/19/2023 9/28/2023 268,071.93 5.27 1,177.74 268,072.38 270,506.31 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 2,518.75 642,673.58 648,590.80 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 5.25 2,567.50 638,928.76 649,810.85 55 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 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 K509 A2DTD 10/01/2023 4.850% 09/01/2028
3137HAST4 150,000.00 AA+ Aaa 10/9/2024 10/15/2024 152,449.22 4.40 606.25 152,329.52 150,585.00 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 1,818.75 438,540.79 451,755.00 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 1,458.00 359,170.32 361,161.72 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 5.14 992.68 234,458.90 237,550.22 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 4.79 1,104.17 267,007.49 267,287.48 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 1,257.30 332,747.13 327,684.39 FHMS K518 A2DTD 03/01/2024 5.400% 01/01/2029
3137HC2L5 525,000.00 AA+ Aaa 9/26/2024 9/30/2024 552,644.53 4.05 2,362.50 551,632.93 537,405.75 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 1,273.42 296,068.00 299,405.83 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 2,701.69 675,000.00 675,353.03 FHMS K524 A2DTD 07/01/2024 4.720% 05/01/2029
3137HDV56 520,000.00 AA+ Aaa 7/16/2024 7/25/2024 523,193.32 4.58 2,045.33 522,983.03 518,933.48 FHMS K528 A2DTD 09/01/2024 4.508% 07/01/2029
3137HFNZ4 195,000.00 AA+ Aaa 9/4/2024 9/12/2024 198,896.10 4.06 732.55 198,676.71 192,878.60 FHMS K526 A2DTD 08/01/2024 4.543% 07/01/2029
3137HDXL9 495,000.00 AA+ Aaa 8/7/2024 8/15/2024 499,630.23 4.33 1,873.99 499,312.00 490,132.17 FHMS K530 A2DTD 11/01/2024 4.792% 09/01/2029
3137HHJL6 495,000.00 AA+ Aaa 11/19/2024 11/27/2024 497,577.47 4.67 1,976.70 497,572.41 495,137.12 FHMS K529 A2DTD 10/01/2024 4.791% 09/01/2029
3137HH6C0 310,000.00 AA+ Aaa 10/8/2024 10/16/2024 316,195.97 4.34 1,237.68 315,961.88 309,954.74 Security Type Sub-Total 13,630,661.31 13,339,901.26 4.62 44,937.46 13,461,689.74 13,446,837.26 56 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 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
KCOT 2021-2A A3DTD 07/28/2021 0.560% 11/17/2025
50117XAE2 4,988.64 NR Aaa 7/20/2021 7/28/2021 4,988.45 0.56 1.24 4,988.60 4,980.85 TAOT 2021-D A3DTD 11/15/2021 0.710% 04/15/2026
89238JAC9 16,872.94 AAA NR 11/9/2021 11/15/2021 16,872.58 0.71 5.32 16,872.84 16,750.02 HART 2021-C A3DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 7,837.05 AAA NR 11/9/2021 11/17/2021 7,835.31 0.75 2.58 7,836.52 7,805.63 CARMX 2021-3 A3DTD 07/28/2021 0.550% 06/15/2026
14317DAC4 22,400.77 AAA Aaa 7/21/2021 7/28/2021 22,397.08 0.56 5.48 22,399.67 22,231.51 VALET 2021-1 A3DTD 12/13/2021 1.020% 06/22/2026
92868KAC7 15,374.95 AAA Aaa 12/7/2021 12/13/2021 15,374.35 1.02 4.79 15,374.76 15,293.70 COPAR 2021-1 A3DTD 10/27/2021 0.770% 09/15/2026
14044CAC6 20,133.36 AAA Aaa 10/19/2021 10/27/2021 20,132.98 0.77 6.89 20,133.23 19,931.79 GMCAR 2021-4 A3DTD 10/21/2021 0.680% 09/16/2026
362554AC1 16,787.25 AAA Aaa 10/13/2021 10/21/2021 16,786.82 0.68 4.76 16,787.10 16,630.99 HART 2022-A A3DTD 03/16/2022 2.220% 10/15/2026
448977AD0 60,504.49 AAA NR 3/9/2022 3/16/2022 60,502.16 2.22 59.70 60,503.58 60,051.49 KCOT 2022-1A A3DTD 03/23/2022 2.670% 10/15/2026
50117EAC8 89,451.52 NR Aaa 3/15/2022 3/23/2022 89,438.72 2.69 106.15 89,446.50 88,648.96 WOART 2021-D A3DTD 11/03/2021 0.810% 10/15/2026
98163KAC6 21,951.93 AAA NR 10/26/2021 11/3/2021 21,948.94 0.82 7.90 21,950.85 21,785.84 GMCAR 2022-1 A3DTD 01/19/2022 1.260% 11/16/2026
380146AC4 20,187.04 AAA NR 1/11/2022 1/19/2022 20,185.29 1.26 10.60 20,186.36 20,004.29 HDMOT 2022-A A3DTD 04/20/2022 3.060% 02/15/2027
41284YAD8 51,279.95 AAA Aaa 4/12/2022 4/20/2022 51,271.41 3.06 69.74 51,276.19 51,027.50 HART 2023-A A3DTD 04/12/2023 4.580% 04/15/2027
448979AD6 206,501.79 AAA NR 4/4/2023 4/12/2023 206,481.64 4.58 420.35 206,490.28 206,567.87 HART 2022-C A3DTD 11/09/2022 5.390% 06/15/2027
44933DAD3 144,923.17 AAA NR 11/1/2022 11/9/2022 144,922.48 5.39 347.17 144,922.80 145,678.51 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 5.08 535.47 239,978.07 241,260.24 CARMX 2022-4 A3DTD 10/31/2022 5.340% 08/16/2027
14318UAD3 148,213.33 AAA NR 10/26/2022 10/31/2022 148,178.57 5.35 351.76 148,194.29 148,951.73 MBART 2022-1 A3DTD 11/22/2022 5.210% 08/16/2027
58768PAC8 184,764.49 AAA Aaa 11/15/2022 11/22/2022 184,727.94 5.21 427.83 184,744.22 185,606.65 57 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 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
MBART 2023-1 A3DTD 01/25/2023 4.510% 11/15/2027
58770AAC7 110,011.66 AAA NR 1/18/2023 1/25/2023 109,998.46 4.51 220.51 110,003.77 110,025.19 HDMOT 2023-A A3DTD 02/23/2023 5.050% 12/15/2027
41285JAD0 214,508.15 NR Aaa 2/13/2023 2/23/2023 214,486.55 5.05 481.45 214,494.88 215,211.09 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 5.29 410.67 174,969.92 176,816.50 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 4.65 372.00 179,987.97 180,224.64 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 5.53 577.58 234,993.87 237,335.67 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 4.71 565.20 269,990.03 270,828.90 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 4.47 335.25 179,996.81 179,993.70 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 5.47 104.84 114,986.05 116,056.27 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 4.31 431.00 224,991.51 224,487.90 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 5.48 340.98 139,995.78 141,529.78 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 1,289.60 519,933.01 524,948.32 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 4.87 551.93 254,984.49 256,344.36 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 4.79 489.64 229,964.27 231,006.02 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 5.23 464.89 199,998.14 201,735.80 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 4.45 815.24 414,935.50 415,030.71 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 5.48 606.67 249,970.20 252,391.50 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 4.93 996.96 454,957.21 457,974.34 58 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 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
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 1,173.51 459,994.24 466,809.84 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 5.45 317.92 139,996.20 141,510.88 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 5.67 181.13 114,984.45 116,825.40 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 5.19 449.80 194,994.33 197,148.51 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 1,167.44 474,978.57 480,209.80 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 5.74 1,175.93 464,242.77 470,246.60 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 5.54 320.09 129,989.36 131,905.67 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 5.78 517.79 214,966.33 218,633.93 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 5.54 492.44 199,979.52 202,940.80 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 4.98 509.07 229,975.75 232,215.13 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 5.26 549.38 234,995.07 238,164.04 CHAIT 2024-A1 ADTD 01/31/2024 4.600% 01/16/2029
161571HV9 520,000.00 AAA NR 1/24/2024 1/31/2024 519,920.80 4.60 1,063.11 519,934.91 521,303.64 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 1,427.11 649,852.41 656,130.15 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 1,452.78 624,871.88 634,496.25 HART 2024-C A3DTD 10/16/2024 4.410% 05/15/2029
448976AD2 240,000.00 AAA NR 10/8/2024 10/16/2024 239,982.43 4.41 470.40 239,983.80 238,983.12 GMCAR 2024-4 A3DTD 10/16/2024 4.400% 08/16/2029
38014AAD3 165,000.00 AAA Aaa 10/8/2024 10/16/2024 164,968.22 4.40 302.50 164,969.67 164,488.67 COMET 2024-A1 ADTD 09/24/2024 3.920% 09/15/2029
14041NGE5 615,000.00 AAA NR 9/17/2024 9/24/2024 614,879.95 3.92 1,071.47 614,886.54 604,394.94 59 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 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
WFCIT 2024-A2 ADTD 10/24/2024 4.290% 10/15/2029
92970QAE5 235,000.00 AAA Aaa 10/17/2024 10/24/2024 234,965.08 4.29 448.07 234,966.49 233,379.44 Security Type Sub-Total 11,351,692.49 11,350,107.86 4.95 24,512.08 11,349,801.56 11,414,935.07 Managed Account Sub Total 73,222,353.80 72,426,664.09 516,627.63 72,438,196.03Securities Sub TotalAccrued Interest $73,258,077.95 $72,462,388.24 $516,627.63 $72,473,920.18 $516,627.63
72,736,600.48
$72,772,324.63
4.32 4.32%
Total Investments $72,990,547.81
60 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Appendix
Important Disclosures
This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation, as it was prepared without regard to any specific objectives or financial circumstances.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 toparticular issuers are for illustrative purposes only and are not intended to be recommendations or advice regarding such issuers. Fixed income manager and indexcharacteristics 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 of the 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 anysales charges or fees an investor would pay to purchase the securities they represent. The imposition of these fees and charges would cause investmentperformance to be lower 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 opinionas of 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 asactual events occur, and results may depend on events outside of your or our control. Changes in assumptions may have a material effect on results. Opinions anddata presented are not necessarily indicative of future events or expected performance.PFM Asset Management serves clients in the public sector and is a division of U.S. Bancorp Asset Management, Inc., which is the legal entity providing investmentadvisory services. U.S. Bancorp Asset Management, Inc. is a registered investment adviser, a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S.
Bancorp. U.S. Bank N.A. is not responsible for and does not guarantee the products, services, or performance of U.S. Bancorp Asset Management, Inc. Theinformation contained is not an offer to purchase or sell any securities. Additional applicable regulatory information is available upon request.For more information regarding PFMAM's services or entities, please visit www.pfmam.com.Further distribution is not permitted without prior written consent. 61 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Appendix
Important Disclosures
This information is for institutional investor use only, not for further distribution to retail investors, and does not represent an offer to sell or a solicitation of an offer tobuy or sell any fund or other security. Investors should consider the Trust’s investment objectives, risks, charges and expenses before investing in the Trust. Thisand other information about the Trust is available in the Trust’s current Information Statement, which should be read carefully before investing. A copy of the Trust’sInformation Statement may be obtained by calling 1-800-729-7665 or is available on the Trust’s website at www.camponline.com. While the Cash Reserve Portfolioseeks to maintain 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 statedmaturity, 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 orany other government agency. Shares of the Trust are distributed by U.S. Bancorp Investments, Inc., member FINRA (www.finra.org) and SIPC (www.sipc.org). PFM Asset Management is a division of U.S. Bancorp Asset Management, Inc., which serves as administrator and investment adviser to the Trust. U.S. Bancorp Asset Management, Inc. is a direct subsidiary of U.S. Bank N.A. and an indirect subsidiary of U.S. Bancorp. U.S. Bancorp Investments, Inc. is a subsidiary of U.S. Bancorpand affiliate of U.S. Bank N.A.Generally, PFMAM’s market prices are derived from closing bid prices as of the last business day of the month as supplied by ICE Data Services. There may bedifferences in the values shown for investments due to accrued but uncollected income and the use of differing valuation sources and methods. Non-negotiable FDIC-insured bank certificates of deposit are priced at par. Although PFMAM believes the prices to be reliable, the values of the securities may not represent the prices at which the securities could have been bought or sold. Explanation of the valuation methods for a registered investment company or local governmentinvestment program is contained in the appropriate fund offering documentation or information statement.
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.
ICE Bank of America 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 | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 2024
Appendix
Glossary
Accrued Interest: Interest that is due on a bond or other fixed income security since the last interest payment was made.Agencies: Federal agency securities and/or Government-sponsored enterprises.Amortized Cost: The original cost of the principal of the security is adjusted for the amount of the periodic reduction of any discount or premium from the purchase date until the date of the report. Discount or premium with respect to short-term securities (those with less than one year to maturity at time of issuance) is amortized on a straight line basis. Such discount or premium with respect to longer-term securities is amortized using the constant yield basis.
Asset-Backed Security: A financial instrument collateralized by an underlying pool of assets – usually ones that generate a cash flow from debt, such as loans, leases, credit card balances, and receivables.
Bankers’ Acceptance: A draft or bill or exchange accepted by a bank or trust company. The accepting institution guarantees payment of the bill as well as the insurer.Commercial Paper: An unsecured obligation issued by a corporation or bank to finance its short-term credit needs, such as accounts receivable and inventory.Contribution to Total Return: The weight of each individual security multiplied by its return, then summed for each sector to determine how much each sector addedor subtracted from the overall portfolio performance.Effective Duration: A measure of the sensitivity of a security’s price to a change in interest rates, stated in years.Effective Yield: The total yield an investor receives in relation to the nominal yield or coupon of a bond. Effective yield takes into account the power of compoundingon investment returns, while nominal yield does not.FDIC: Federal Deposit Insurance Corporation. A federal agency that insures bank deposits to a specified amount.Interest Rate: Interest per year divided by principal amount and expressed as a percentage.Market Value: The value that would be received or paid for an investment in an orderly transaction between market participants at the measurement date.Maturity: The date upon which the principal or stated value of an investment becomes due and payable.Negotiable Certificates of Deposit: A CD with a very large denomination, usually $1 million or more, that can be traded in secondary markets.Par Value: The nominal dollar face amount of a security.Pass-through Security: A security representing pooled debt obligations that passes income from debtors to its shareholders. The most common type is themortgage-backed security. 63 PFM Asset Management | pfmam.com
City of Santa Fe Springs
For the Quarter Ended December 31, 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 # 18
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: AUTHORIZE BID AWARDS FOR TRAFFIC SIGNAL AND LIGHTING
EQUIPMENT, HARDWARE, SUPPLIES
DATE: February 18, 2025
RECOMMENDATIONS
It is recommended that the City Council:
1) Authorize awarding an annual blanket purchase order to Cal-Duct, Inc. (Cal-Duct) in the not-to-exceed amount of $175,000 per fiscal year thru June 30, 2027; and 2) Authorize awarding an annual blanket purchase order to Econolite Control Products, Inc. (Econolite) in the not-to-exceed amount of $175,000 per fiscal year thru June 30, 2027; and
3) Authorize awarding an annual blanket purchase order to Main Street Materials, Inc. (Main Street) in the not-to-exceed amount of $175,000 per fiscal year thru June 30, 2027; and
4) Authorize awarding an annual blanket purchase order to SWARCO McCain, Inc. (SWARCO McCain) in the not-to-exceed amount of $175,000 per fiscal year thru June 30, 2027; and
5) Authorize awarding an annual blanket purchase order to Western Systems (Western) in the not-to-exceed amount of $150,000 per fiscal year thru June 30, 2027; and
6) Authorize the City Manager to take any further necessary actions regarding this matter.
CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 18, 2025 Authorize Issuing Purchase Orders for Traffic Signal and Lighting Equipment, Hardware, and Supplies
FISCAL IMPACT
Related expenditure funds will be primarily budgeted annually within the allocation for Public Works—Maintenance Services in Traffic Signal Maintenance (10433501), Traffic Signal Maintenance—Contract Cities (10433502), and Street Lighting Maintenance (10433503). Purchase orders will be issued as needed, and funds will not be encumbered until a specific need arises. This will remain in effect thru June 30, 2027
BACKGROUND
The Department of Public Works - Maintenance manages and maintains the City's traffic signals and street lighting. Maintenance includes routine inspections, repairs, and replacements of traffic signal equipment. In addition, they provide on-call, after-hours maintenance services during emergencies. The overall goal is to ensure traffic and pedestrian safety. In addition to providing these services within the City, the operation is contracted to cities within the region, including Bellflower, La Habra Heights, Paramount, Pico Rivera, and Irwindale. For this reason, it is imperative to have negotiated contracts with suppliers that can provide the items when needed.
DISCUSSION
A competitive bid was released to ensure that the City has access to the items required to maintain the City's traffic signal and lighting infrastructure. In December 2024, the City issued the bid (RFQ No. 25-3) for Traffic Signal and Lighting Equipment, Hardware, and Supplies. The bid was posted via PlanetBids on December 2, 2024. In addition to posting on the City's PlanetBids site, the notice was advertised in local newspapers and other electronic sources.
Prospective bidders were provided details regarding a comprehensive list of items related to the City's traffic and lighting maintenance and repair operations. The list identified approximately 40 commonly used items, including poles, signal lights, framework, and miscellaneous hardware. The bid closed on Thursday, January 16, 2025, with five (5) bidders. The following is a list of the bidders that responded:
Cal-Duct (Bloomington, CA)
Econolite Control Products (Anaheim, CA)
Main Street Materials (San Juan Capistrano, CA)
SWARCO McCain (Vista, CA)
Western Systems (Everett, WA)
The bidders provided competitive pricing for most items; however, because of the diverse item list, none were able to provide pricing for all of the items. For this reason, the City recommends awarding each contractor a not-to-exceed contract for specific items. Doing so will ensure that staff has access to all items necessary to perform maintenance and repair services.
CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 18, 2025 Authorize Issuing Purchase Orders for Traffic Signal and Lighting Equipment, Hardware, and Supplies
ITEM STATUS:
APPROVED:
DENIED:
TABLED:
DIRECTION GIVEN:
If approved, staff will purchase items manufactured/produced by SWARCO-McCain and Econolite directly. These manufacturers typically use distributors for their products; however, they decided to participate in the bidding process directly and supply items to the City due to the anticipated volume. As a result, the City should receive items with limited mark-up over the actual cost. In addition, Western Systems only provided pricing for traffic signal cabinets. While the City does not currently use cabinets supplied by Western Systems, they are capable of delivering compatible alternatives if needed in a shorter timeframe.
Cal-Duct and Main Street Materials both provided the most extensive list of general hardware, supplies, and poles. For this reason, staff suggests selecting them to offer other items on an as-needed basis based upon lowest bid price and their ability to provide the items in the most timely manner. Items such as traffic signal poles typically have to be constructed and an extended lead time depending on various factors. Having multiple contractors will help to reduce lead times by providing alternative options. When considering local demand for these items and the CIty’s traffic signal and lighting enterprise operation, awarding multiple vendors is the best option to ensure items can be obtained in the most efficient and effective manner.
Upon awarding the agreement, the City’s Procurement Division will work directly with the contractors to ensure inventory is delivered in a timely manner, as needed.
SUMMARY/NEXT STEPS
Staff recommends awarding multi-year purchase orders to Cal-Duct, Econolite, Main Street Materials, SWARCO-McCain, and Western Systems for traffic signal and lighting equipment, hardware, and supplies. These vendors were the lowest, responsive bidders in response to a bid issued by the City. If approved, staff will issue annual blanket purchase order authorizations to each vendor for the designated not-to-exceed amount.
ATTACHMENTS
A. RFQ 25 – 3 Traffic Signal and Lighting Equipment, Hardware, Supplies B. Bid Results
REQUEST FOR QUOTES
RFQ 25-3
Traffic Signal and Lighting Equipment,
Hardware, Supplies
Issue Date: Wednesday, December 4, 2024
Questions Due Date: Thursday, January 2, 2025, at 2 pm Pacific Proposal Due Date: Thursday, January 16, 2025, at 2 pm Pacific 2 (THIS PAGE INTENTIONALLY LEFT BLANK)
3 TABLE OF CONTENTS
I. INTRODUCTION................................................................................................................ 4 II. ABOUT THE CITY OF SANTA FE SPRINGS .................................................................... 4 III. SCHEDULE/TIMELINE...................................................................................................... 4 IV. SCOPE OF WORK/SPECIFICATIONS.............................................................................. 5 V. QUALIFICATIONS/REQUIREMENTS ............................................................................... 6 VI. INSTRUCTIONS TO BIDDERS ......................................................................................... 6 VII. PROCESS FOR SUBMITTING BIDS................................................................................. 7 VIII. INQUIRIES/QUESTIONS................................................................................................... 7 IX. SUBMISSION CRITERIA................................................................................................... 7 X. PREVAILING WAGES (IF APPLICABLE) ......................................................................... 7 XI. WAGE RATES FOR STATE-FUNDED PROJECTS/CONTRACTS (IF APPLICABLE)...... 8 XII. STANDARD TERMS AND CONDITIONS .......................................................................... 8 4 I. Introduction
The City of Santa Fe Springs Department of Public Works is responsible for providing repair and maintenance services on most of the traffic signal and lighting fixtures in the City. In addition, it is contracted to provide services in the City/areas of Bellflower, La Habra Heights, Paramount, Pico Rivera, and Irwindale. For this reason, the City is soliciting competitive bids from qualified vendors capable of providing traffic signal and lighting equipment, hardware, and supplies in accordance with the specifications and terms and conditions identified in this Request for Quotes (RFQ).
Through this solicitation process, the City hopes to establish a minimum two (2) year purchase order/agreement with possible extension options. The City may select multiple vendors to ensure the availability and timely delivery of items when needed.
II. About the City of Santa Fe Springs
Santa Fe Springs is located in the southeast segment of the County of Los Angeles.
Though incorporated in May 1957, the City's history dates back to 1871 when Dr. James E. Fulton came to the area and discovered a sulfur spring that was later developed into a health spa. Today, the City has approximately 18,800 residents and over 3,000 businesses.
The City provides a full range of municipal services, including police and fire, street maintenance, water utilities, recreational services, public library, and cultural events.
Additionally, the City is responsible for two (2) other legally separate entities, which include the Successor Agency to the Redevelopment Agency and the Housing Successor Agency to the Housing Authority. The City's vision statement affirms, "The City of Santa Fe Springs is a great place to live, work, and play." The mission statement is, "The City of Santa Fe Springs is committed to enhancing the quality of life of its residents and businesses by providing a safe environment, a thriving business community, quality family, youth, and senior services, and sound financial management of the community's resources."
The guiding values are as follows:
Personal integrity, honesty, and ethics
Public service
Compassion
Responsibility, accessibility, and accountability
Dedication
III. Schedule/Timeline
Release Solicitation Wednesday, December 4, 2024
Online Q&A Deadline Thursday, January 2, 2025, 2 pm Pacific Deadline to Submit Responses Thursday, January 16, 2025, at 2 pm Pacific City Review of Submissions Mid-January 2025
Interviews TBD (If Necessary)
5 Notifications to Vendors Early/Mid-February 2025
Award Mid-February 2025
IV. Scope of Work/Specifications
The Department of Public Works is responsible for maintaining and repairing traffic signals and lighting fixtures at various locations in the City and the contract cities. For this reason, the City must maintain purchase orders/agreements for related items.
The vendor(s) selected through this process is/are expected to furnish traffic signal and lighting equipment, hardware, supplies, and related items as the City needs.
For a list of the items required, please visit the City's PlanetBids Portal and click on the "Line Items" tab.
The Line Item list is limited to the City's commonly used items. The City may require related items that are not included on this list. Additional information regarding the specifications for some items can be found in the attachments under the "Documents" tab (See Attachments C – R).
Please note that the City makes no commitment to any specific quantities during the agreement's term; actual quantities may vary depending on local needs. Quantities shown in the Line Items (PlanetBids) are annual estimates used to evaluate bid results.
For pole and cabinet orders, vendors must provide submittal documents for review by the City along with the anticipated delivery time. In addition, poles and cabinets must have an anti-graffiti coating and may require reflective coating.
Delivery
All items must be packaged safely for transport to ensure a damage-free arrival. Items delivered damaged or with apparent defects will not be accepted or returned.
Unless otherwise requested, all items will be delivered to:
City of Santa Fe Springs
Municipal Services Yard
12636 Emmens Way
Santa Fe Springs, CA 90670
Deliveries must occur during normal City Warehouse operating hours, Monday thru Thursday, 5:30am – 3:30pm. Excluding City observed holidays. Upon delivery, the City will have a representative on-hand to inspect items. 6 Warranty
All items must carry a manufacturer's warranty, which begins when the City installs the item. The vendor is required to handle all warranty-related issues.
Price Changes/Adjustments
Any price changes after the initial twelve (12) month period must be negotiated with the City, but they shall not exceed the most recent available Los Angeles—Long Beach— Anaheim, CA Consumer Price Index (CPI) for all urban consumers. In the event that prices increase beyond the CPI, the bidder must provide verifiable evidence from the product manufacturer to support a requested increase. It will be at the sole discretion of the City to accept or reject such an increase.
V. Qualifications/Requirements
When applicable, items furnished must conform to the Department of Transportation Standards
General knowledge of the State of California’s Manual on Uniform Traffic Control Devices (MUTCD) requirements
Vendors within the City of Santa Fe Springs are preferred; however, this is not a requirement
VI. Instructions to Bidders
Interested vendors should submit a complete bid for the items/services they can provide to the City. When preparing your submittal, please reference the list below to ensure all items have been included. All submissions must consist of the following:
A. Cover/Introductory Letter that includes the following:
Business name
Address
Contact Person Name/Title
E-mail Address
Phone Number
Statement of Capabilities (description of your firm’s ability to provide the items/services described in the scope of work/services, and describe any relevant experience)
B. Cost Proposal (Please use the Line-Item Tab in PlanetBids to submit your pricing for the requested items. Supplemental attachments that provide additional information are acceptable)
C. References (See Attachment A)
D. Non-Collusion Affidavit (See Attachment B)
7 VII. Process for Submitting Bids
All bids must be submitted electronically via PlanetBids. Submissions must be received by Thursday, January 16, 2025, at 2 pm Pacific. Submissions will not be accepted after this deadline. Faxed, mailed, or e-mailed submissions will not be accepted.
To access the City’s PlanetBids website, please visit:
https://vendors.planetbids.com/portal/65093/portal-home Prospective bidders must register with PlanetBids before being able to view or submit a response.
VIII. Inquiries/Questions
Inquiries/questions regarding this solicitation must be submitted via PlanetBids by Thursday, January 2, 2025, at 2pm Pacific.
IX. Submission Criteria
The City may contact and evaluate the bidder's references; contact any bidder to clarify any response; contact any current users of a bidder's services; solicit information from any available source concerning any aspect of submission; and seek and review any other information deemed pertinent to the evaluation process.
After submissions have been reviewed, discussions with prospective firms may or may not be required. An electronic notice may be sent to the vendors selected. Award is contingent upon the successful negotiation of final contract terms. Negotiations shall be confidential and not subject to disclosure to competing vendors unless an agreement is reached. If contract negotiations cannot be concluded successfully and expeditiously, the City may negotiate with another bidder or withdraw the solicitation.
X. Prevailing Wages (If Applicable)
Legislation by the State of California imposes prevailing wage requirements on the work to be performed by the vendor/contractor during the term of this agreement.
Department of Industrial Relations (DIR) Registration Requirements:
No vendor/contractor or subcontractor may be listed on a bid proposal for a public works project unless registered with the Department of Industrial Relations under Labor Code section 1725.5 [with limited exceptions from this requirement for bid purposes only under Labor Code section 1771.l(a)].
No vendor/contractor or subcontractor may be awarded a contract for public work on a public works project unless registered with the Department of Industrial Relations under Labor Code section 1725.5.
8 This vendor/contract is subject to compliance monitoring and enforcement by the Department of Industrial Relations.
Vendor/Contractor acknowledges and agrees that it is responsible for compliance with all state law requirements governing employment and payment of apprentices, as outlined in Labor Code section 1777.5, and elsewhere, which are fully incorporated herein by this reference.
XI. Wage Rates for State-funded Projects/Contracts (if
Applicable)
Bid specifications require the vendor/contractor and any subcontractors to pay prevailing wage ("Prevailing Wage Rates") to persons employed by them for work under this contract. Following the provisions of Section 1773 of the Labor Code of the State of California, the City has ascertained the general prevailing wage scales applicable to the work to be done. The prevailing wage scales are those determined by the Director of Industrial Relations, State of California.
The State prevailing wage rates determination is available directly from the State of California Director of Industrial Relations home page under www.dir.ca.gov/dlsr/ .
XII. Standard Terms and Conditions
A. Specifications and Qualifications: Bidders shall carefully review all specifications, drawings, scopes of work, and any other bid requirements, including but not limited to insurance, bonding, licensing, references, affidavits, certifications, etc. that may be called for in the bid documents, to ensure qualifications and submission of a responsive bid or proposal. All requirements specified in the bid documents will be made a part of any contract with the successful bidder.
B. Questions: Any questions concerning this bid request are to be directed in writing to the City's Procurement Manager or the person named in the bid documents, electronically, by the date indicated in the bid. In the event no specific date is indicated, questions are due no later than seven (7) calendar days prior to the scheduled bid submittal date. Attempts to obtain information from other City employees or representatives during the bid cycle may disqualify a bidder.
Answers to such inquiries, as well as any revision, deletion, or addition to the bid, will be posted on the City's PlanetBids website. Bidders should check the website for any addendums prior to submitting their bid.
C. Price Errors/Discrepancies: In the event of discrepancies between totals, unit price extensions and summaries of totals, the unit price correctly extended will control.
9 D. Single or Multiple Awards: If more than one item appears on the bid proposal form and no statement to the contrary is set forth therein, the City reserves the right to:
1. Make multiple awards based upon prices submitted; or
2. Make one award based upon the total price of all items.
E. Open Competition: The City encourages all qualified business firms to submit proposals. The Department of Finance will assist by providing detailed instructions, procurement policies, and other relevant information upon request to any potential bidder seeking assistance.
F. Federally Funded Purchases: For projects designated as federally funded, the successful bidder will be required to certify prior to award that it has a written affirmative action program and complies with all federal, state, and local laws and regulations pertaining to affirmative action and non-discrimination.
Vendor/contractor must also certify that they have not been disbarred and comply with any additional Federal regulations that may be indicated within the specific bid documents. When this provision is applicable to the bid, this certification shall be made on the bid form that will be provided with the bid documents.
G. New Materials: Unless a bid specification calls for used, refurbished or recycled materials, all items or materials bid and supplied to the City are to be new, unused products.
H. Alternates/Substitutions: When bidding an item believed to be equal to that specified where equals are called for, sufficient supporting data to enable the City to determine whether the proposed item is equal must accompany your bid.
Vendors should refer to the specification pages to determine if alternate products or specifications will be considered, and to determine any pre-qualification requirements that may be applicable.
I. Exceptions: Exceptions to the City's specifications, terms, or conditions taken at time of, or after bid submittal, may render the bid non-responsive and result in disqualification. Vendors wishing to request such exceptions are requested to notify the City of such a request prior to the bid due date, to allow for consideration and notification of acceptance or rejection of such request.
J. Lowest Responsive, Responsible Bidder: It is understood that, except as may be otherwise expressly provided in the bid documents, the award will be made to the lowest responsive, responsible bidder where the bids are for identical items or supplies, subject to the right to reject any and all bids. When bids call for articles or supplies that are similar but of different brand or make, the City may accept the bid of the bidder who submits the article or supply which, in the City's judgment, is deemed best for the City although it may not be the lowest bid. 10 K. Sales Tax/Taxes: The City’s sales tax rate is 10.25%. When submitting their response, bidders should submit their bid prices without including sales taxes. The City is exempt from Federal Excise tax.
L. Informality or Irregularity: The City reserves the right to waive any informality or irregularity in a bid when it is to the advantage and best interest of the City to do so. It is further understood that if the bidder to whom any award is made fails to enter into an agreement in a timely manner, award may be made to the next lowest responsible bidder who shall be bound to perform as if he had received the award in the first instance.
M. Discounts/Rebates: All discounts or proposed rebates must be incorporated as reductions in the bid prices and not shown separately. The price as shown in the unit price and its extension shall be the price used in determining award.
N. Payment Terms: The City's standard payment terms are net 30 days. Payment will be made within thirty days of acceptance of goods or services and receipt of invoice, whichever occurs last. Discount payment terms may be offered; however, they will not be considered in determining lowest responsive bid award.
O. Non-Collusion: By submitting a bid, bidder certifies they have not divulged, discussed or compared their bid with other bidders, nor colluded with any other bidder or parties to the request for bid.
P. Applicable Laws: All applicable laws and regulations of the State of California, County of Los Angeles, and City of Santa Fe Springs will apply to any resulting agreement, contract, or purchase order. Bidders are responsible to comply with all Federal, State and local rules, regulations and requirements applicable to their provision of the items and/or services to the City.
Q. Patents, Royalties and License Fees: Should any articles being bid be protected by patent, copyright, royalties and/or license fees, the successful bidder shall include any such royalties or license fees in their bid price, and defend all suits or claims for infringement of any patent right against the City. Successful bidder shall hold the City of Santa Fe Springs harmless from any loss on account thereof and cost and attorney’s fees incurred, therefore.
R. Quality Guaranty: All items furnished shall be new, of good workmanship, in full accordance with the specifications, and free of defects. Items will be subject to inspection by the City. If any product or service delivered shows evidence of shipping damage or defects, does not meet applicable specifications, or does not perform to the standards represented by the supplier, the City shall reject same.
Supplier will refund money which has been paid and bear all costs of removal and return of the products. Unless otherwise specified, all products provided shall have a warranty of at least twelve (12) months on workmanship, parts, and labor. 11 S. Hold Harmless and Indemnification: The successful bidder shall agree to indemnify, defend and hold harmless the City (including its officers and employees) from and against any and all claims of any kind or nature presented against the City arising out of vendor’s (including vendor’s employees, representatives, products and subcontractors) performance under any purchase order or agreement resulting from this bid, excepting only such claims, costs or liability which may arise out of the sole negligence of the City.
T. Bonding and Insurance Requirements: Some purchases may require bonding and/or insurance. Specific requirements will be stated in the applicable bid documents. In the event bonding is required, bonds shall be submitted in a form acceptable to the City. When work will be performed on City property, the City’s standard insurance requirements (shown below) will apply, unless otherwise indicated in the bid specifications.
Commercial General Liability $2,000,000
Business Automobile Liability $1,000,000
Professional Liability or Errors and Omissions $2,000,000 Workers' Compensation and Employer's Liability $1,000,000 Cyber Liability Insurance $1,000,000
Tech. Professional Liability Errors & Omissions $2,000,000 City of Santa Fe Springs to be named as an Additional Insured. In addition, coverage shall be primary non-contributory. All policies shall provide for a minimum of thirty (30) days written notice of any change or cancellation. Insurance policies to be in a form and written through companies acceptable to the City.
Vendors/contractors may request a waiver or modification of these insurance requirements. Waiver or modification requests must be submitted in writing. The request should state the specific insurance requirement that is being considered for waiver or modification and provide a brief explanation for the request. Requests will be reviewed on a case-by-case basis, and the decision will ultimately depend on the scope of services. The final decision to approve or deny a request will be at the City's legal authority and/or an authorized designee's discretion.
U. Addenda: Any changes, deletions, or additions to this bid solicitation will be made by addendum numbered sequentially and posted via PlanetBids.
V. Right to Reject: The City of Santa Fe Springs reserves the right to accept or reject any/all bids.
W. Extension to Other Public Agencies: The awarded vendor(s), at their discretion, offer the prices, terms, and conditions of this bid may be extended to governmental agencies with the mutual agreement of both the entity and vendor. All requirements of the specifications, purchase orders, invoices, and payments with other agencies 12 would be directly with the vendor. The City will not be held responsible for any dispute that arise as a result of such an agreement.
Please review:
Attachment A – References
Attachment B – Non-Collusion Affidavit
Attachments C thru R – Item Specifications
Attachment No. 2
City of Santa Fe Springs
Bid Results for Project Traffic Signal and Lighting Equipment, Hardware, Supplies (RFQ 25-3) Issued on 12/02/2024
Bid Due on January 16, 2025 8:00 PM (PST)
Item Num Section Description Reference Unit of Measure Quantity Econolite Control
Products Inc
Western
Systems
SWARCO
McCain Cal-Duct
Main Street
Materials
1 Misc. Hardware Thru Bolt 1/2" -13 x 6" Galvanized (Complete w/Nut & Washers) 4505059 /Unit 200 no bid no bid $14.87 $2.75 no bid 2 Misc. Hardware Thru Bolt 1/2" - 13 x 7" Galvanized (Complete w/Nut & Washers) 4505060 /Unit 200 no bid no bid $22.83 $3.05 no bid 3 Misc. Hardware Thru Bolt 1/2" - 13 x 8" Galvanized (Complete w/Nut & Washers) 4505060 /Unit 200 no bid no bid $17.64 $3.37 no bid 4 Misc. Hardware Thru Bolt 1/2" - 13 x 12" Galvanized (Complete w/Nut & Washers) 4505064 /Unit 200 no bid no bid $36.66 $8.87 no bid 5 Traffic/Street Light Poles (w/ Anti-Graffiti Coating) Type 1-D Pole, Slotted Base Plate, No Anchor Bolts (See Attachment C) N/A /Unit 15 no bid no bid no bid $1,596.00 $1,003.00 6 Traffic/Street Light Poles (w/ Anti-Graffiti Coating) Type 17-2-70 Pole (See Attachment D) N/A /Unit 1 no bid no bid no bid $4,576.80 $13,913.00 7 Traffic/Street Light Poles (w/ Anti-Graffiti Coating) Type 18-1-70 Pole (See Attachment E) N/A /Unit 1 no bid no bid no bid $3,555.78 $7,747.00 8 Traffic/Street Light Poles (w/ Anti-Graffiti Coating) Type 24-3-70 Pole (See Attachement F) N/A /Uni 1 no bid no bid no bid $6,239.12 $17,445.00 9 Traffic/Street Light Poles (w/ Anti-Graffiti Coating) Type 29-5-70 Pole (See Attachment G) N/A /Unit 1 no bid no bid no bid $9,026.89 $34,292.11 10 Traffic/Street Light Poles (w/ Anti-Graffiti Coating) Concrete Pole (See Attachment H) N/A /Unit 20 no bid no bid no bid no bid $8,208.80 11 Traffic/Street Light Poles (w/ Anti-Graffiti Coating) Octagonal Poles (1C4 Series) w/ 8’ Aluminum Top Mount Pipe Arm & Dome (See Attachment I) N/A /Unit 15 no bid no bid no bid $5,821.50 $8,682.00 12 Traffic/Street Light Poles (w/ Anti-Graffiti Coating) Octagonal Poles (5B1 Series) w/ 8’ Aluminum Top Mount Pipe Arm & Dome (See Attachment J) N/A /Unit 15 no bid no bid no bid $4,799.88 $8,676.80 13 Signal & Ped Hardware 16" Pedestrial Signal Hardware - Hand/Man Module - Black (See Attachment K) N/A /Unit 10 no bid no bid $437.32 no bid no bid 14 Signal & Ped Hardware 5" x 7" - 2" Pedestrian Pushbuttons, ADA Compliant (See Attachment L) N/A /Unit 10 no bid no bid $76.02 no bid no bid 15 Signal & Ped Hardware 5" x 7" - Pedestrian Pushbutton Plate (MUTCD R10-4B) (See Attachment M) N/A /Unit 10 no bid no bid $13.97 no bid no bid 16 Signal & Ped Hardware 5" x 7" - Pedestrian Pushbutton Plate (MUTCD R10-3E) (See Attachment M) N/A /Unit 10 no bid no bid $15.96 no bid no bid 17 Traffic Signals Standard 3-Section, Veritlcal Traffic Signal - 12" Housing - Black (See Attachment N) N/A /Unit 5 no bid no bid $257.54 no bid no bid 18 Traffic Signals Standard 4-Section, Veritlcal Traffic Signal - 12" Housing - Black (See Attachment N) N/A /Unit 5 no bid no bid $297.20 no bid no bid 19 Traffic Signals Standard 5-Section, Veritlcal Traffic Signal - 12" Housing - Black (See Attachment N) N/A /Unit 5 no bid no bid $420.25 no bid no bid 20 Traffic Signals Standard Doghouse, 5-Section, Veritlcal Traffic Signal - 12" Housing - Black (See Attachment N) N/A /Unit 5 no bid no bid $626.16 no bid no bid 21 Traffic Signals Programmable 3-Section, Veritlcal Traffic Signal - 12" Housing - Black (See Attachment O) N/A /Unit 5 no bid no bid $2,132.72 no bid no bid 22 Traffic Signals Traffic Signal Visors - 12" Full Circle Visor N/A /Unit 40 no bid no bid $14.46 no bid no bid 23 Traffic Signals Traffic Signal Visors - 12" Cap Visor N/A /Unit 20 no bid no bid $11.91 no bid no bid 24 Traffic Signal LEDs (Dialight Only) Ball 12" 120V ITE Long Life Red /Unit 25 no bid no bid no bid $53.34 no bid 25 Traffic Signal LEDs (Dialight Only) Ball 12" 120V ITE Long Life Red Clear Lens /Unit 25 no bid no bid no bid $53.34 no bid 26 Traffic Signal LEDs (Dialight Only) Ball 12" 120V ITE Long Life Yellow /Unit 10 no bid no bid no bid $56.67 no bid 27 Traffic Signal LEDs (Dialight Only) Ball 12" 120V ITE Long Life Yellow Clear Lens /Unit 10 no bid no bid no bid $56.67 no bid 28 Traffic Signal LEDs (Dialight Only) Ball 12" 120V ITE Long Life Green /Unit 25 no bid no bid no bid $53.34 no bid 29 Traffic Signal LEDs (Dialight Only) Ball 12" 120V ITE Long Life Green Clear Lens /Unit 25 no bid no bid no bid $53.34 no bid 30 Traffic Signal LEDs (Dialight Only) Ball 12" 120V ITE Long Life Red Arrow /Unit 20 no bid no bid no bid $62.23 no bid 31 Traffic Signal LEDs (Dialight Only) Ball 12" 120V ITE Long Life Red Arrow Clear Lens /Unit 20 no bid no bid no bid $62.23 no bid 32 Traffic Signal LEDs (Dialight Only) Ball 12" 120V ITE Long Life Yellow Arrow /Unit 10 no bid no bid no bid $62.23 no bid 33 Traffic Signal LEDs (Dialight Only) Ball 12" 120V ITE Long Life Yellow Arrow Clear Lens /Unit 10 no bid no bid no bid $62.23 no bid 34 Traffic Signal LEDs (Dialight Only) Ball 12" 120V ITE Long Life Green Arrow /Unit 20 no bid no bid no bid $63.34 no bid 35 Traffic Signal LEDs (Dialight Only) Ball 12" 120V ITE Long Life Green Arrow Clear Lens /Unit 20 no bid no bid no bid $63.34 no bid 36 Traffic Signal Cabinets (w/ Anti-Graffiti Coating) NEMA TS1-P Cabinet (See Attachment P) /Unit 5 no bid $14,054.00 $10,413.00 no bid no bid 37 Traffic Signal Cabinets (w/ Anti-Graffiti Coating) NEMA TS2-P Cabinet (See Attachment Q) /Unit 5 no bid $14,054.00 $9,824.00 no bid no bid 38 Traffic Signal Cabinets (w/ Anti-Graffiti Coating) 332L Cabinet (See Attachment R) /Unit 5 no bid no bid $15,590.00 no bid no bid 39 Traffic Signal Controllers Econolite Cobalt G-Series TS1/TS2 Shlefmount Signal Controller /Unit 10 $4,287.00 no bid no bid no bid no bid 40 Wire/Cabling 100' Spool - 10 AWG Cooper Wire Thermoplastic High-Heat / Water Resistant Nylon (THHN/THWN) - White /Spool 2 no bid no bid no bid no bid no bid 41 Wire/Cabling 100' Spool - 14 AWG - 3-Conductor CALTRANS Cable /Spool 2 no bid no bid no bid no bid no bid ITEM # 19
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: Gus Hernandez, Director of Parks & Recreation
SUBJECT: AUTHORIZE PROFESSIONAL SERVICES AGREEMENT WITH KTUA
FOR A PARKS, RECREATION, AND COMMUNITY SERVICES MASTER
PLAN
DATE: February 18, 2025
RECOMMENDATION(S):
It is recommended that the City Council:
1) Award a Professional Service Agreement between the City of Santa Fe Springs and KTUA for consulting services to produce a Parks, Recreation, and Community Services Master Plan in the amount of $229,660; and 2) Directs the City Attorney to make clarifying changes necessary to effectuate the intent of the Agreement; and
3) Authorize the City Manager to execute the agreement; and 4) Take such additional, related action that may be desirable.
FISCAL IMPACT
The Parks, Recreation, and Community Services Master Plan is projected to cost $229,660 over the course of a 12-15 month period. The Fiscal Year (FY) 2024-25 approved budget allocates sufficient funds within the Parks and Recreation Contractual Services account (10106110-542050) to initiate this project. Additionally, appropriations for this project will be incorporated into the proposed FY 2025-26 budget.
BACKGROUND
The City of Santa Fe Springs City Council authorized the issuance of the Parks, Recreation, and Community Services Master Plan Request for Proposals 25-7 (RFP 25- CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 18, 2025
7) on September 17, 2024 a to secure a qualified firm to assist with the development of a cohesive and comprehensive Parks, Recreation, and Community Services Master Plan.
The goal of this project is to provide a strategic framework for decision-making over the next 20 years. The plan will take a system-wide approach to evaluate the current state of parks, recreation facilities, and services, while identifying future needs in response to community growth, demographic changes, and evolving recreation trends.
The RFP was advertised on October 7, 2024, and proposals were due by November 7, 2024. The City received 5 proposals from highly qualified firms ranging in prices between $229,600 and $405,000. A selection panel comprised of staff from the Departments of Parks and Recreation and Community Services evaluated the proposals based on criteria including qualifications, experience, proposed approach/work plan, proposed fees, responsiveness to the RFP, and local vendor preference.
ANALYSIS
Following an extensive evaluation process, the selection committee identified KTUA as the most qualified firm to undertake the Parks, Recreation, and Community Services Master Plan. KTUA has demonstrated a deep understanding of the City's needs and proposed a comprehensive approach that aligns with the City's objective of analyzing community and capital needs, provide financial solutions, identify alternative funding and partnership opportunities, and recommends investment strategies, all while fostering community engagement in the development of a Parks, Recreation, and Community Services Master Plan. With a proven track record of successfully delivering similar master plan projects in the cities of Moreno Valley, Desert Hot Springs, Menifee, Bellflower, Whittier, and Ontario, KTUA's extensive experience makes them a highly qualified and dependable partner for this initiative.
The scope of work under this agreement includes, but is not limited to:
• Working with City staff, community partners, and the project team to develop a Community Engagement Plan;
• Working with the City’s communications staff to develop a branding effort related to the project;
• Conducting a demographic analysis, park inventory and assessment, level of service study, and walkability assessment;
• Conducting a recreation programs and services analysis to review how well the City aligns itself with community needs;
• Conducting a per capita spending analysis;
• Developing a parks Capital Improvement Program;
• Provide an action plan for park programming, financial sustainability, and maintenance.
ENVIRONMENTAL
N/A
CITY COUNCIL AGENDA REPORT – MEETING OF FEBRUARY 18, 2025