Agenda packet, first session — Santa Fe Springs City Council, June 3, 2025

Agenda

06.03.2025 - CITY COUNCIL AGENDA.PDF
Meeting Materials
JUNE 3, 2025, MEETING VIDEO

06.03.2025 - AGENDA PACKET.PDF

1. Documents:

2. Documents:

CITY OF SANTA FE SPRINGS

MEETINGS OF THE HOUSING SUCCESSOR, SUCCESSOR AGENCY,

AND CITY COUNCIL
AGENDA
TUESDAY, JUNE 3, 2025
AT 6:00 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 Julio Morales
Director of Parks & Recreation Gus Hernandez
Director of Police Services Arlene Salazar
Director of Public Works James Enriquez
City Clerk Fernando N. Muñoz
June 3, 2025: City Council Meeting Page 2 of 5

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.

June 3, 2025: City Council Meeting Page 3 of 5

CALL TO ORDER

ROLL CALL

INVOCATION

PLEDGE OF ALLEGIANCE

INTRODUCTIONS

PRESENTATIONS

1. RECOGNITION OF SANTA FE SPRINGS WOMEN’S CLUB (CITY MANAGER)

2. BUDGET PRESENTATION: CAPITAL IMPROVEMENT PROJECTS AND

SPECIAL FUNDS (FINANCE)

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 – NONE
OLD BUSINESS – NONE
REGULAR BUSINESS – 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.

HOUSING SUCCESSOR

3. MINUTES OF THE MAY 6, 2025 HOUSING SUCCESSOR MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Housing Successor:

June 3, 2025: City Council Meeting Page 4 of 5
1) Approve the minutes as submitted.

SUCCESSOR AGENCY

4. MINUTES OF THE MAY 6, 2025 SUCCESSOR AGENCY MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Successor Agency:
1) Approve the minutes as submitted.

CITY COUNCIL

5. MINUTES OF THE MAY 6, 2025 CITY COUNCIL MEETINGS (CITY CLERK) RECOMMENDATION: It is recommended that the City Council:
1) Approve the minutes as submitted.

6. FOURTH AMENDMENT TO EMPLOYMENT AGREEMENT WITH CITY MANAGER (CITY ATTORNEY)
RECOMMENDATION: It is recommended that the City Council:
1) Approve the Fourth Amendment to Employment Agreement Between the City of Santa Fe Springs and René Bobadilla.

7. JOINT PARTICIPATION AGREEMENT WITH THE CITY OF LA MIRADA FOR

SLURRY SEAL OF VALLEY VIEW AVENUE FROM ROSECRANS AVENUE TO

ALONDRA BOULEVARD AND FROM PARK PLACE TO ARTESIA BOULEVARD (PUBLIC WORKS)
RECOMMENDATION: It is recommended that the City Council:
1) Approve the Joint Participation Agreement between the City of La Mirada and the City of Santa Fe Springs; and
2) Authorize the Mayor to execute the Joint Participation Agreement with the City of La Mirada; and
3) Approve adding the Valley View Avenue from Rosecrans Avenue to Alondra Boulevard and from Park Place to Artesia Boulevard Street Improvements Project to the Capital Improvement Plan; and
4) Appropriate $175,500 from the Measure SFS Fund to the subject project; and 5) Take such additional, related action that may be desirable.

June 3, 2025: City Council Meeting Page 5 of 5

8. AUTHORIZE THE EXECUTION OF AGREEMENT HI-25-011 WITH THE COUNTY

OF LOS ANGELES FOR MEASURE A LOCAL SOLUTIONS FUNDING
(POLICE SERVICES)
RECOMMENDATION: It is recommended that the City Council:
1) Authorize the City Manager to sign the Local Solutions Fund Agreement HI-25- 011 (“Agreement”) with the County of Los Angeles to receive $554,419 for FY 2025/26 and an adjusted amount annually thereafter; and 2) Authorize the City Manager to execute any non-substantive amendments to the Agreement with City Attorney approval; and
3) Take such additional, related action that may be desirable.

9. TREASURER’S REPORT OF INVESTMENTS FOR THE QUARTER ENDED MARCH 31, 2025 (FINANCE)
RECOMMENDATION: It is recommended that the City Council:
1) Receive and file the report.

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 HOUSING SUCCESSOR, SUCCESSOR AGENCY,

AND CITY COUNCIL
AGENDA
TUESDAY, JUNE 3, 2025
AT 6:00 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

June 3, 2025: City Council Meeting Page 3 of 5

CALL TO ORDER

ROLL CALL

INVOCATION

PLEDGE OF ALLEGIANCE

INTRODUCTIONS

PRESENTATIONS

1. RECOGNITION OF SANTA FE SPRINGS WOMEN’S CLUB (CITY MANAGER)

2. BUDGET PRESENTATION: CAPITAL IMPROVEMENT PROJECTS AND

SPECIAL FUNDS (FINANCE)

CHANGES TO AGENDA

STAFF COMMUNICATIONS ON ITEMS OF COMMUNITY INTEREST
PUBLIC HEARING – NONE
OLD BUSINESS – NONE
REGULAR BUSINESS – NONE

HOUSING SUCCESSOR

3. MINUTES OF THE MAY 6, 2025 HOUSING SUCCESSOR MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Housing Successor:

June 3, 2025: City Council Meeting Page 4 of 5
1) Approve the minutes as submitted.

SUCCESSOR AGENCY

4. MINUTES OF THE MAY 6, 2025 SUCCESSOR AGENCY MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Successor Agency:
1) Approve the minutes as submitted.

CITY COUNCIL

5. MINUTES OF THE MAY 6, 2025 CITY COUNCIL MEETINGS (CITY CLERK) RECOMMENDATION: It is recommended that the City Council:
1) Approve the minutes as submitted.

7. JOINT PARTICIPATION AGREEMENT WITH THE CITY OF LA MIRADA FOR

SLURRY SEAL OF VALLEY VIEW AVENUE FROM ROSECRANS AVENUE TO

June 3, 2025: City Council Meeting Page 5 of 5

8. AUTHORIZE THE EXECUTION OF AGREEMENT HI-25-011 WITH THE COUNTY

9. TREASURER’S REPORT OF INVESTMENTS FOR THE QUARTER ENDED MARCH 31, 2025 (FINANCE)
RECOMMENDATION: It is recommended that the City Council:
1) Receive and file the report.

FOR ITEM NO. 3, PLEASE SEE ITEM NO. 5
FOR ITEM NO. 4, PLEASE SEE ITEM NO. 5
ITEM # 5

CITY OF SANTA FE SPRINGS

CITY COUNCIL AGENDA STAFF REPORT
TO: Honorable Mayor and City Council Members
FROM: René Bobadilla, P.E., City Manager
BY: Fernando N. Muñoz, City Clerk
SUBJECT: MINUTES OF THE MAY 6, 2025 CITY COUNCIL MEETINGS DATE: June 3, 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:
• Regular Meeting of May 6, 2025

ANALYSIS
N/A

ENVIRONMENTAL
N/A

DISCUSSION
N/A
CITY COUNCIL AGENDA REPORT – MEETING OF JUNE 3, 2025
Minutes of the Regular Council Meetings Page 2 of 2

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

A. May 6, 2025 Regular Meeting Minutes
ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:

APPROVED:

MINUTES OF THE MEETINGS OF THE

CITY COUNCIL
May 6, 2025

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

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

Members absent: None

PUBLIC COMMENTS ON CLOSED SESSION ITEMS
None

INVOCATION
Cindy Jarvis led the invocation.

PLEDGE OF ALLEGIANCE
Councilmember Mora led the pledge of allegiance.

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

1. Debbie Wade – Tepeyac Restaurant & Tequila Sports Bar

2. Diego De Lama – State Farm Insurance

3. Kathie Fink – SFS Chamber CEO

PRESENTATIONS

1. PROCLAMATION – “SANTA FE SPRINGS HISTORY DAY” – 68TH ANNIVERSARY (COMMUNITY SERVICES)

2. PROCLAMATION – MENTAL HEALTH AWARENESS MONTH
(COMMUNITY SERVICES)

3. PROCLAMATION – AUTISM AWARENESS MONTH (COMMUNITY SERVICES)

4. PROCLAMATION – NATIONAL POLICE WEEK (POLICE SERVICES) Minutes of the May 6, 2025 Housing Successor, Successor Agency, and City Council Meetings

Page 2 ends

5. RECOGNITION OF MAYOR’S PRAYER BREAKFAST SPONSORS
(PARKS & RECREATION)

CHANGES TO AGENDA
City Attorney, Rick Olivarez announced that there was a need to add a walk-on item to the consent calendar as Item No. 15 on the agenda. Council unanimously agreed to add the item.

PUBLIC COMMENTS
The following people spoke during Public Comments: 1) Lee Squire and 2) Isabel Cervantes.

STAFF COMMUNICATIONS ON ITEMS OF COMMUNITY INTEREST
None.

PUBLIC HEARING

6. INTRODUCTION OF ORDINANCE NO. 1159 – AMENDING SECTIONS 155.862, 155.863, AND 155.813 OF THE SANTA FE SPRINGS MUNICIPAL CODE TO CHANGE PUBLIC HEARING NOTICING REQUIREMENTS FROM TEN (10) TO TWENTY (20)

DAYS (COMMUNITY DEVELOPMENT)
RECOMMENDATION: It is recommended that the City Council:
1) Open the Public Hearing; and
2) Receive comments from the public wishing to speak on this matter and thereafter close the Public Hearing; and
3) Find and determine that the Ordinance is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15061(b)(3); and 4) Introduce by title only and waive further reading of Ordinance No. 1159:

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SANTA FE SPRINGS AMENDING SECTIONS 155.862, 155.863, AND 155.813 OF THE SANTA FE

SPRINGS MUNICIPAL CODE TO CHANGE PUBLIC HEARING NOTICING REQUIREMENT FROM TEN (10) TO TWENTY (20) DAYS; and
5) Take such additional, related action that may be desirable.

Mayor Rounds opened the public hearing at: 6:43 p.m.

There were no speakers.

Mayor Rounds closed the public hearing at: 6:43 p.m.

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It was moved by Councilmember Martin, seconded by Councilmember Rodriguez, to find and determine that the Ordinance is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15061(b)(3), introduce by title only and waive further reading of Ordinance No. 1159, and take such additional, related action that may be desirable, by the following vote:

Ayes: Mora, Martin, Rodriguez, Zamora, Rounds
Noes: None

Absent: None
Recuse: None
REGULAR BUSINESS – NONE

OLD BUSINESS

7. BOXCAR MURAL SUBMISSIONS (COMMUNITY SERVICES)
RECOMMENDATION: It is recommended that the City Council:
1) Review and approve the Boxcar Mural winner submission; and 2) Authorize the Director of Community Services to contract with a professional artist to digitize the artwork for vinyl wrap production and installation on the boxcar; and 3) Authorize the allocation of funds from the Public Art and Art Education Program (10511001) for all expenses related to the Boxcar Mural Project; and 4) Take such additional, related action that may be desirable.

Council provided comments on the art submissions. Councilmember Martin commented on the traffic signal boxes that are currently installed and have artwork. She would like to make sure that the current ones are properly maintained. Councilmember Mora stated that the boxcar mural needs to be special and reflective of the entire community.

Community Services Manager, Ed Ramirez commented that staff is working on a maintenance plan to address traffic signal box maintenance.

It was moved by Councilmember Rodriguez, seconded by Councilmember Mora, to review and approve the Boxcar Mural winner submission, authorize the Director of Community Services to contract with a professional artist to digitize the artwork for vinyl wrap production and installation on the boxcar, authorize the allocation of funds from the Public Art and Art Education Program (10511001) for all expenses related to the Boxcar Mural Project, and take such additional, related action that may be desirable, by the following vote:

Ayes: Mora, Martin, Rodriguez, Zamora, Rounds
Noes: None

Absent: None
Recuse: None
Minutes of the May 6, 2025 Housing Successor, Successor Agency, and City Council Meetings

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Such approval will also waive the reading of any ordinance.

HOUSING SUCCESSOR

8. MINUTES OF THE APRIL 1, 2025 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 APRIL 1, 2025 SUCCESSOR AGENCY MEETINGS (CITY CLERK)
RECOMMENDATION: It is recommended that the Successor Agency:
1) Approve the minutes as submitted.

CITY COUNCIL

10. MINUTES OF THE APRIL 1, 2025 CITY COUNCIL MEETINGS (CITY CLERK) RECOMMENDATION: It is recommended that the City Council:
1) Approve the minutes as submitted.

11. REGIONAL TRAINING GROUP CIVILIAN ASSISTANT PLANNING COORDINATOR (PART TIME): AUTHORIZATION TO ADVERTISE REQUEST FOR PROPOSALS (FIRE)
RECOMMENDATION: It is recommended that the City Council:
1) Authorize the Fire Chief to advertise a Request for Proposals to fill a 2023 State Homeland Security Program grant funded Regional Training Group (RTG) Civilian Assistant Planning Coordinator (Part Time) position; and 2) Take such additional, related, action that may be desirable.

12. DEFERRED COMPENSATION 401(A) PROGRAM (HUMAN RESOURCES) RECOMMENDATION: It is recommended that the City Council:

Minutes of the May 6, 2025 Housing Successor, Successor Agency, and City Council Meetings

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1) Approve the amendment to the City’s existing 401(a) benefit plan for all Associations pertaining to the City’s Deferred Compensation program.

13. SAFETY SERVICES INFRASTRUCTURE NEEDS ASSESSMENT – AWARD OF

PROFESSIONAL SERVICES AGREEMENT FOR ARCHITECTURAL DESIGN

SERVICES (PUBLIC WORKS)
RECOMMENDATION: It is recommended that the City Council:
1) Award a Professional Services Agreement to Westgroup Designs, Inc. for architectural services for the Safety Services Infrastructure Needs Assessment for a total not-to-exceed fee of $99,880; and
2) Authorize the City Manager to execute the agreement; and 3) Appropriate $100,000 from the Utulity Users Tax (UUT) Capital Projects Reserve Fund for the project: and
4) Take such additional, related action that may be desirable.

14. AUTHORIZE THE PURCHASE OF HANDHELD RADIOS AND REPEATERS FOR

POLICE SERVICES, PUBLIC WORKS, AND PARKS & RECREATION
(POLICE SERVICES)
RECOMMENDATION: It is recommended that the City Council:
1) Authorize the Director of Police Services to issue a purchase order to CommLine, Inc. in an amount not-to-exceed $87,277 to facilitate the procurement of (80) Kenwood NX 1300 handheld radios, (3) Kenwood VP 8000 emergency radios, and (2) DMR/UHF repeaters including hardware, wiring materials, programming and installation; and 2) Authorize a budget transfer from Parks and Recreation Contractual Services 10106110-542050 in the amount of $10,000 and Public Works-Street Maintenance Supplies 10432001-521000 in the amount of $50,000 to Public Safety Officer PatrolMiscellaneous Equipment Replacement 10102220-523030 for the above listed services; and
3) Appropriate $27,277 from the General Fund to cover the remaining costs related to the above purchase and installation costs; and
4) Take such additional, related action that may be desirable.

15. UPDATE CERTIFICATE OF ACCOUNT RESOLUTIONS LISTING AUTHORIZED INDIVIDUALS WITH THE BMO BANK, N.A. (FINANCE)
RECOMMENDATION: It is recommended that the City Council:

Minutes of the May 6, 2025 Housing Successor, Successor Agency, and City Council Meetings

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1) Update the City’s Certificate of Account Resolutions with BMO Bank N.A.; and 2) Authorized Resolution designating list of approved City officials with BMO Bank N.A.; and
3) Take any additional actions necessary.

It was moved by Mayor Pro Tem Zamora, seconded by Councilmember Martin, 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 Angel Corona to the Youth Leadership Committee.

COUNCIL COMMENTS/AB1234 COUNCIL CONFERENCE REPORTING
Councilmember Mora reported visiting a business development in Scottsdale, AZ with Council in order to obtain inspiration for a similar project in the city. He commented on the successful Superhero 5K and Mayor’s Prayer Breakfast events.

Councilmember Martin echoed Councilmember Mora’s sentiments. She complimented staff on working to fix the water issue and wished everyone in attendance a happy Mother’s Day.

Councilmember Rodriguez thanked everyone for the birthday wishes. She talked about Artfest and Superhero 5K, and thanked staff for all of their hard work. She highlighted the SFS Court participants and wished everyone a happy Mother’s Day.

Mayor Pro Tem Zamora wished everyone in attendance a happy Mother’s Day. He reported about the trip to Scottsdale, AZ and his attendance at a Southern California Association of Governments meeting.

City Manager, René Bobadilla called upon Director of Finance, Julio Morales to provide a brief update on the water billing issues. Councilmember Martin asked if paramedic billing was affected, to which Director Morales responded no.

Mayor Rounds talked about the water billing issues and thanked staff for working to resolve them. He commented on future development projects and wished everyone in attendance a happy Mother’s Day.

ADJOURNMENT
Mayor Rounds adjourned the meeting at 7:27 p.m.

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_____________________
William K. Rounds
Mayor
ATTEST:
_____________________
Fernando N. Muñoz Date
City Clerk
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: Rick Olivarez, City Attorney
SUBJECT: FOURTH AMENDMENT TO EMPLOYMENT AGREEMENT WITH CITY

MANAGER
DATE: June 3, 2025
RECOMMENDATION(S):

It is recommended that the City Council:
1) Approve the Fourth Amendment to Employment Agreement Between the City of Santa Fe Springs and René Bobadilla.

FISCAL IMPACT
The cost for the revisions as set forth in the Amendment are incorporated into the fiscal year 2025-26 budget.

BACKGROUND
As provided under Section 5(B) of Employment Agreement Between the City of Santa Fe Springs and René Bobadilla (“Agreement”), on August 22, 2025, the Santa Fe Springs City Council (“City Council”) completed its annual salary and performance review of City Manager Rene Bobadilla (“Bobadilla”). As part of the review, the City Council entered into negotiations with Bobadilla and the attached Fourth Amendment to the Agreement reflects the agreed-upon terms. The Amendment includes the following salient amendments:
• Increases Bobadilla’s base annual salary to $359,100 effective as of June 3, 2025. • Increases Bobadilla’s annual vacation leave allocation to 208 for the first year following the effective date of this amendment and one the first anniversary of this amendment increases the annual allocation further to 274.

CITY COUNCIL AGENDA REPORT – MEETING OF JUNE 3, 2025
Fourth Amendment to Employment Agreement with City Manager

Page 2 of 2 ends

• Refines the language of Section 5(C) of the Agreement to further clarify that Bobadilla shall receive equal benefits and COLA as provided to Executive Management team members.

The provisions of the Agreement and all prior amendments to the Agreement remain in full force and effect except to the extent any such provisions are amended or modified by the provisions of the Fourth Amendment in which case the provisions of the Fourth Amendment shall govern and control.

ENVIRONMENTAL
N/A

SUMMARY/NEXT STEPS
If approved, the Fourth Amendment will be effective upon execution.

ATTACHMENT(S):

A. Fourth Amendment to Employment Agreement Between the City of Santa Fe Springs and René Bobadilla
B. Employment Agreement Between the City of Santa Fe Springs and René Bobadilla and all prior amendments.

ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:
1 FOURTH AMENDMENT TO

EMPLOYMENT AGREEMENT BETWEEN

THE CITY OF SANTA FE SPRINGS

AND RENE BOBADILLA
THIS FOURTH AMENDMENT (“Fourth Amendment”) to Employment Agreement between the City of Santa Fe Springs and Rene Bobadilla (“Agreement’’) is made and entered into this ______ day of _______________ 2025 by and between the CITY OF SANTA FE SPRINGS, a California municipal corporation (“CITY”) and RENE BOBADILLA, an individual (“EMPLOYEE”). The capitalized term “Parties” shall be a collective reference to both CITY and EMPLOYEE and the capitalized term “Party” may refer to either CITY or EMPLOYEE interchangeably as appropriate.

RECITALS
WHEREAS, the CITY and EMPLOYEE entered into the Agreement for EMPLOYEE to serve as the City Manager of the CITY effective July 19, 2023; and WHEREAS, the CITY and EMPLOYEE entered into the First Amendment to the Agreement on February 20, 2024 following a performance review pursuant to Section 5(B) of the Agreement; and
WHEREAS, the CITY and EMPLOYEE entered into the Second Amendment to the Agreement on June 4, 2024 following a salary and performance review pursuant to Section 5(B) of the Agreement on May 21, 2024 and May 25, 2024; and
WHEREAS, the CITY and EMPLOYEE entered into a Third Amendment to the Agreement on September 3, 2024 following a salary and performance review pursuant to Section 5(B) of the Agreement on August 22, 2024; and
WHEREAS, the term “Prior Amendments” shall be a collective reference to the First Amendment, the Second Amendment and the Third Amendment; and
WHEREAS, pursuant to Section 5(B) of the Agreement, the City Council conducted a review of EMPLOYEE’s salary and performance on May 20, 2025; and
WHEREAS, as part of this review, the CITY and EMPLOYEE desire to further amend the Agreement as set forth herein; and
WHEREAS this Fourth Amendment was approved by the Santa Fe Springs City Council (“City Council”) at its Regular Meeting of ____________ 2025, in open session as part of the Regular Meeting Agenda under Agenda Item No. _____in compliance with Government Code Sections 53262, 54953(c)(3) and 54956(b).
2 NOW THEREFORE, in consideration of the mutual covenants herein contained, the parties hereto agree as follows:

1. The current text of Section 5(A) of the Agreement as amended pursuant to the Prior Amendments is further amended by the deletion of its existing text and replaced with the following text:
“EMPLOYEE’s annual base salary is Three Hundred and Fifty-Nine Thousand, One Hundred Dollars ($359,100) ("SALARY”), which the CITY shall pay in equal bi-weekly payments. The SALARY shall be subject to deductions and withholding of any and all sums required for federal or state income tax, pension contributions, and all other taxes, deductions, or withholdings required by state, federal, or local law.”

2. The current text of Section 7(C)(3) of the Agreement is hereby repealed and deleted in its entirety and replace by the following superseding text:
“Commencing as of June 3, 2025, EMPLOYEE shall receive two hundred and eight (208) hours of vacation leave per calendar year which shall accrue in 12 equal monthly installments. Commencing as of June 3, 2026, EMPLOYEE shall receive two hundred and seventy-four (274) hours of vacation leave per calendar year which shall accrue in 12 equal monthly installments.”

3. The current text of Section 5(C) of the Agreement as amended pursuant to the Prior Amendments is further amended by the deletion of its existing text and replaced with the following text:
“The City shall provide EMPLOYEE with equal benefits and a cost-of-living (“COLA”) to his SALARY equal to and at the same time as any COLA provided to Executive Management”

4. This Fourth Amendment, together with the Agreement as amended by way of the Prior Amendments this shall constitute the entire, complete, final, and exclusive expression of the Parties with respect to the matters addressed herein and supersede all other agreements or understandings, whether oral or written, or entered between CITY and EMPLOYEE prior to the execution of the same. The provisions of this Fourth Amendment shall be deemed a part of the Agreement and except as otherwise provided under this Fourth Amendment, the Agreement and the Prior Amendments shall remain binding and enforceable. In the event of any conflict or inconsistency between the provisions of this Four Amendment and the provisions of the Agreement or the Prior Amendments, the provisions of this Fourth Amendment shall govern and control, but only to the extent of the conflict or inconsistency and no further.

5. No statements, representations, or other agreements, whether oral or written, made by any Party which are not embodied in the Agreement as amended by way of this Fourth Amendment and the Prior Amendments shall be valid or binding. No further amendment, 3 modification or supplement to the Agreement as amended by way of this Fourth Amendment and the Prior Amendments shall be valid and binding unless in writing and duly executed by the Parties in the form of a written contract amendment. [SIGNATURE PAGE TO FOLLOW]
4 IN WITNESS WHEREOF, the Parties hereto have caused this Fourth Amendment to be executed on the day and year first appearing above.

CITY OF EL SANTA FE SPRINGS
By:

William K. Rounds, Mayor

Date:________________
APPROVED AS TO FORM:

By:______________________
Rick Olivarez, City Attorney

EMPLOYEE
By:____________________________
René Bobadilla, City Manager
Date:__________________
Date:__________________

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: James Enriquez, P.E., Director of Public Works / City Engineer SUBJECT: JOINT PARTICIPATION AGREEMENT WITH THE CITY OF LA MIRADA

FOR SLURRY SEAL OF VALLEY VIEW AVENUE FROM ROSECRANS

AVENUE TO ALONDRA BOULEVARD AND FROM PARK PLACE TO

ARTESIA BOULEVARD
DATE: June 3, 2025
RECOMMENDATION:

It is recommended that the City Council:
1) Approve the Joint Participation Agreement between the City of La Mirada and the City of Santa Fe Springs; and
2) Authorize the Mayor to execute the Joint Participation Agreement with the City of La Mirada; and
3) Approve adding the Valley View Avenue from Rosecrans Avenue to Alondra Boulevard and from Park Place to Artesia Boulevard Street Improvements Project to the Capital Improvement Plan; and
4) Appropriate $175,500 from the Measure SFS Fund to the subject project; and 5) Take such additional, related action that may be desirable.

CITY COUNCIL AGENDA REPORT – MEETING OF JUNE 3, 2025
Joint Participation Agreement with the City of La Mirada - Slurry Seal of Valley View Avenue from Rosecrans Avenue to Alondra Boulevard and from Park Place to Artesia Boulevard

Page 2 of 3 ends

FISCAL IMPACT
The City of La Mirada has presented an opportunity for the City of Santa Fe Springs to partner with them on the Valley View Avenue Street Improvement Project (Project). This project covers the section of Valley View Avenue from Rosecrans Avenue to Alondra Boulevard and from Park Place to Artesia Boulevard that lies within Santa Fe Springs.

The City of Santa Fe Springs' contribution to the project will amount to $175,500. This funding will be allocated for various tasks, including the application of slurry seal, removal of asphalt concrete, striping, bonding and insurance, mobilization, traffic control, notifications, adjustments to manholes, and restoration of traffic signal loops.

Staff recommends appropriating $175,500 from the Measure SFS Fund for this project.

BACKGROUND
The City of La Mirada has a project to resurface Valley View Avenue. Since the centerline of Valley View Avenue serves as the boundary between the two cities (see the location map on Attachment B), La Mirada has presented an opportunity to partner on the project and include the portion of the street that lies within Santa Fe Springs. Staff assessed the condition of the existing pavement in the project area and determined that the proposed improvements are essential. Once completed, the street will present a uniform aesthetic appearance.

ANALYSIS
The Project will include the spot replacement of isolated/distressed asphalt concrete prior to placing slurry seal over the entire street. The project will extend the service life of the street, enhance operational safety and reduce maintenance costs.

The City Attorney has reviewed the attached Joint Participation Agreement and approved it as to form.

ENVIRONMENTAL
Not applicable.

DISCUSSION
The City of La Mirada will be responsible for managing the construction contract, overseeing construction management, and providing inspection services. Staff will work in coordination with La Mirada to deliver the project and ensure that improvements within Santa Fe Springs are completed according to Santa Fe Springs standards.

Page 3 of 3 ends

SUMMARY/NEXT STEPS
Upon approval of the City Council of the recommended actions, City staff will coordinate with the City of La Mirada on the delivery of the project.

ATTACHMENTS:

A. Joint Participation Agreement with the City of La Mirada B. Location Map
ITEM STATUS:

APPROVED: ☐
DENIED: ☐
TABLED: ☐
DIRECTION GIVEN: ☐

JOINT PARTICIPATION AGREEMENT

BETWEEN

THE CITY OF LA MIRADA
AND

THE CITY OF SANTA FE SPRINGS
FOR
CAPITAL IMPROVEMENT PROJECT NO. 2025-01

SLURRY SEAL OF VALLEY VIEW AVENUE

FROM ROSECRANS AVENUE TO ALONDRA BOULEVARD

AND FROM PARK PLACE TO ARTESIA BOULEVARD
THIS JOINT PARTICIPATION AGREEMENT (“Agreement”) is made and entered into this 3rd day of June 2025, by and between the City of La Mirada, a municipal corporation (“LA MIRADA”), and the City of Santa Fe Springs, a municipal corporation (“SANTA FE SPRINGS”).

LA MIRADA and SANTA FE SPRINGS are sometimes hereinafter individually referred to as a “Party” and collectively referred to as the “Parties.”

RECITALS
WHEREAS, LA MIRADA developed and approved plans and specifications to complete the work necessary for Capital Improvement Project No. 2025-01, Slurry Seal of Valley View Avenue from Rosecrans Avenue to Alondra Boulevard and from Park Place to Artesia Boulevard (“La Mirada Project”);
WHEREAS, the center line of Valley View Avenue (“Project Area”) is located on the jurisdictional city limit between LA MIRADA and SANTA FE SPRINGS; WHEREAS, SANTA FE SPRINGS has reviewed the formal plans and specifications developed by LA MIRADA and desires to participate in the La Mirada Project for purposes of completing similar improvements for that portion of Valley View Avenue located along the eastern jurisdictional boundary of SANTA FE SPRINGS and specifically on Valley View Avenue from Rosecrans Avenue to Alondra Boulevard (“SANTA FE SPRINGS PROJECT”); WHEREAS, LA MIRADA desires to allow SANTA FE SPRINGS to participate in the improvements contemplated by the La Mirada Project by adding the SANTA FE SPRINGS PROJECT to the scope of work (the “PROJECT”),
WHEREAS, by execution of this Agreement, LA MIRADA and SANTA FE SPRINGS intends to set forth the terms and conditions by which the Parties will proceed with the PROJECT, and their respective rights and obligations with respect thereto;

ATTACHMENT A
Joint Participation Agreement
CIP No. 2025-01
Slurry Seal of Valley View Avenue
2 WHEREAS, the execution of this Agreement was approved by the Santa Fe Springs City Council at its Regular Meeting of June 3, 2025, under Agenda Item No. ___.

NOW, THEREFORE, for and in consideration of the mutual covenants and conditions herein contained, LA MIRADA and SANTA FE SPRINGS agree as follows:

1. Duties of LA MIRADA.

A. Prepare or cause to be prepared, all environmental documents, and plans and specifications required for the PROJECT, subject to the reimbursement provisions contained herein.

B. Pay its pro-rata share of the actual costs of design, construction, and administration for work performed in connection with PROJECT design and administration, except as paid or reimbursed by SANTA FE SPRINGS, as set forth below relating to the SANTA FE SPRINGS PROJECT.

C. Submit the plans and specifications, including an engineer’s cost estimate of SANTA FE SPRINGS’s share of the costs, to SANTA FE SPRINGS’s Director of Public Works for approval prior to awarding a contract for the PROJECT.

D. Conduct public bidding as required by law, award a contract in accordance with this Agreement and with the approved plans and specifications, and oversee and administer the contract for the PROJECT through completion of the PROJECT. All of the services required for completion of the PROJECT will be performed by the contractor selected by LA MIRADA under its supervision, and all personnel engaged in the work shall be qualified to perform such services.

E. Act as the lead agency on all planning, zoning, environmental approval and permitting activities required by state law with respect to the PROJECT.

F. At all times during the term of this Agreement, ensure its contractor shall have in full force and effect all licenses and permits required of it by law for performance of the PROJECT hereunder.

G. Provide project management services, including the review and oversight of all work completed by the contractor to whom the contract is awarded. LA MIRADA shall specifically oversee all construction engineering and shall conduct inspection, surveying, and material testing related to the PROJECT. LA MIRADA shall also be responsible for reviewing and accepting all plans and any other required shop drawings and engineering calculations submitted to LA MIRADA by the contractor unless otherwise provided in this Agreement.

H. Timely provide SANTA FE SPRINGS with plans and specifications for the SANTA FE SPRINGS PROJECT and to obtain SANTA FE SPRING’s review and approval of said plans and specifications prior to commencement of construction on the same.

Joint Participation Agreement
CIP No. 2025-01
Slurry Seal of Valley View Avenue
3 I. Timely provide SANTA FE SPRINGS with any change orders to the approved plans and specifications for the SANTA FE SPRINGS PROJECT and to obtain SANTA FE SPRINGS’s written consent to such change orders as provided herein.

J. Provide accurate and detailed invoice(s) on a monthly basis to SANTA FE SPRINGS for the cost of construction for the SANTA FE SPRINGS PROJECT performed during the previous month and submit such invoices to SANTA FE SPRINGS by the fifteenth (15th) day of each month.

K. Provide SANTA FE SPRINGS within one hundred twenty (120) calendar days after final acceptance of the SANTA FE SPRINGS PROJECT, a final accounting of the actual total of the SANTA FE SPRINGS PROJECT.

L. Prior to commencing construction of the PROJECT, obtain or cause to be obtained insurance coverage from LA MIRADA’s contractors, in the types and amounts subject to the reasonable satisfaction of SANTA FE SPRINGS and approved in advance by SANTA FE SPRINGS’ Director of Risk Management, listing as additional insured SANTA FE SPRINGS and its elected officials, officers, agents, employees and designated volunteers for the benefit of SANTA FE SPRINGS and LA MIRADA, as required by the contract documents.

M. Shall comply with all applicable Federal, State, and local laws, rules, regulations, and ordinances including workers’ compensation and the payment of prevailing wages, while contracting for the PROJECT and performing pursuant to this Agreement.

N. Adjust SANTA FE SPRINGS’ share of the costs to match actual total costs of the SANTA FE SPRINGS PROJECT.

2. Duties of SANTA FE SPRINGS:

A. By execution of this Agreement, designate LA MIRADA as the lead agency for the purpose of accomplishing the PROJECT.

B. Review and approve plans and specifications as to design and construction affecting the construction, operation, and maintenance of the portion of the PROJECT within SANTA FE SPRINGS, and any change order requests thereto so as not to interfere with LA MIRADA’s timeline or deadlines for the PROJECT.

SANTA FE SPRINGS further agrees it will not unreasonably withhold its approval of said plans and specifications.

C. At all times, during the progress of construction of the PROJECT, have access to the work for the purpose of inspection thereof, and should SANTA FE SPRINGS deem any remedial measures to be necessary prior to LA MIRADA’s acceptance of the work, SANTA FE SPRINGS shall notify LA MIRADA in writing.

Joint Participation Agreement
CIP No. 2025-01
Slurry Seal of Valley View Avenue
4 D. Pay its pro-rata share of the actual demonstrated costs of design, construction, and administration for work performed by LA MIRADA in connection with PROJECT’s design and administration, based on the actual services performed within the boundaries of SANTA FE SPRINGS. SANTA FE SPRINGS understands and agrees that the engineer’s estimate of PROJECT costs is only an estimate.

E. Make final payment to LA MIRADA within forty-five (45) days after receiving invoice(s) for services performed in completion of the PROJECT, including the preparation of all environmental documents. Payment will be made for the cost of SANTA FE SPRINGS’s pro-rata share incurred within forty-five (45) days of receipt of the invoice with the final payment due within forty-five (45) days of receipt of a final invoice.

3. Mutual obligations and general terms:

A. After LA MIRADA opens bids for the PROJECT following and in accordance with a solicitation that complies with applicable laws, regulations, and procedures, LA MIRADA shall transmit a tabulation of the bids to SANTA FE SPRINGS’s Director of Public Works for review and approval. SANTA FE SPRINGS shall, within five (5) business days after receipt of the tabulation of bids, approve or disapprove the lowest responsive bidder selected by LA MIRADA and the bid results, and notify LA MIRADA of its determination in writing; provided that, if the amount due by SANTA FE SPRINGS exceeds the City Manager’s contract authority under the Santa Fe Springs Municipal Code, SANTA FE SPRINGS shall have five (5) days following the next regularly scheduled meeting of the SANTA FE SPRINGS City Council within which to provide a response. LA MIRADA shall, thereafter, award the contract as required by law. In the event LA MIRADA and SANTA FE SPRINGS cannot agree on which bidder shall be awarded the contract within the time provided by law to make the award without rejecting all bids, then SANTA FE SPRINGS or LA MIRADA shall be authorized to terminate this Agreement without further obligation upon written notice.

B. During construction, LA MIRADA shall furnish a resident engineer to perform the usual functions of a resident engineer. SANTA FE SPRINGS may also, but is not obligated to, furnish its own respective engineer. Said resident engineers shall cooperate and consult with each other, but decisions of LA MIRADA’s resident engineer shall be final as to the portions of the PROJECT located with LA MIRADA.

C. Construction of the PROJECT may require alteration, deviation, additions to or deletions from the contract plans and specifications. Any such changes to the SANTA FE SPRINGS PROJECT will require the prior, written approval of SANTA FE SPRINGS in advance of performance of the work by Contractor. SANTA FE SPRINGS’ timely review and approval shall not be unreasonably withheld and SANTA FE SPRINGS shall make a good faith effort to approve changes as necessary for LA MIRADA to meet all Project deadlines. SANTA FE SPRINGS shall be responsible for increased costs due to approved contract change orders.

Notwithstanding the foregoing, LA MIRADA shall be responsible for increased Joint Participation Agreement
CIP No. 2025-01
Slurry Seal of Valley View Avenue
5 costs due to contract change orders requested by LA MIRADA and relating to matters not encompassed within the intended scope of the PROJECT or the SANTA FE SPRINGS PROJECT, as set forth in the Project Plans and Specifications.

D. All construction in connection with the SANTA FE SPRINGS PROJECT shall be between the hours of 7:00 a.m. and 5:00 p.m., Monday through Friday, except in the event of urgent necessity in the interest of public health and safety. Should such exigent circumstances arise that require construction work to be performed outside of the hours stated herein, LA MIRADA shall provide written notice to SANTA FE SPRINGS prior to the commencement of such construction. The written notice shall, at a minimum, include specific details of the exigent circumstance(s), the construction work to be performed as a result thereof, and the estimated timeframe required to complete the necessary work.

E. A copy of the completed contract between LA MIRADA and the selected bidder shall be provided to SANTA FE SPRINGS within five (5) business days of its execution.

Any contract changes deemed necessary or advisable by LA MIRADA may be undertaken by LA MIRADA, except that any changes which may affect the construction of the SANTA FE SPRINGS PROJECT shall first be approved, in writing, by SANTA FE SPRINGS. Any changes requested by SANTA FE SPRINGS may, in LA MIRADA’s discretion, be approved and included provided that any resulting increase in cost due to the requested changes shall first be agreed upon in writing.

F. SANTA FE SPRINGS’s pro-rata cost share shall consist of the cost for services provided only for the SANTA FE SPRINGS PROJECT. The Parties agree that any costs or expenses arising from PROJECT change orders, delays, requests for information, or similar actions that increase the cost of the PROJECT, the same shall be allocated to the LA MIRADA PROJECT and/or SANTA FE SPRINGS PROJECT, respectively and as applicable, and shall be subject to the approval of, and shall be paid by, LA MIRADA and/or SANTA FE SPRINGS respectively and as applicable.

G. Within forty-five (45) days after completion and acceptance of the PROJECT by LA MIRADA, its Public Works Director/City Engineer shall notify SANTA FE SPRINGS, in writing, of the date thereof and the probable date that a final accounting of SANTA FE SPRINGS’s share of the cost of the PROJECT will be submitted. If outstanding charges (such as contractor’s claims and liens) delay the final accounting, LA MIRADA shall so advise SANTA FE SPRINGS and a final accounting shall be presented within ninety (90) days from the date of completion of the work.

H. SANTA FE SPRINGS shall have the right to review all invoices, warrants and other related documents used in preparing the final accounting prior to remitting payment for its pro-rata share of the PROJECT.

Joint Participation Agreement
CIP No. 2025-01
Slurry Seal of Valley View Avenue
6 I. SANTA FE SPRINGS and LA MIRADA shall cooperate to the fullest extent possible in seeing the PROJECT to completion. The Parties agree to first resolve any conflict through informal resolution by a meeting of each Party’s Director of Public Works or his or her designee.

J. The Parties recognize that additional issues may develop during the construction phase of the SANTA FE SPRINGS PROJECT and agree to respond to such issues in a timely manner, and to work cooperatively to resolve such issues, so as to not interfere with the orderly progress and completion of the SANTA FE SPRINGS PROJECT or the PROJECT.

K. Once the construction of the SANTA FE SPRINGS PROJECT has been completed and accepted by SANTA FE SPRINGS, SANTA FE SPRINGS shall accept ownership of said improvements. SANTA FE SPRINGS’ acceptance of ownership of the SANTA FE SPRINGS PROJECT cannot be unreasonably refused.

Subsequent to SANTA FE SPRINGS’ acceptance of ownership of the SANTA FE SPRINGS PROJECT, SANTA FE SPRINGS shall assume all maintenance responsibilities for the SANTA FE SPRINGS PROJECT.

L. To the fullest extent permitted by law, LA MIRADA shall defend, indemnify and hold harmless SANTA FE SPRINGS, its elected officials, officers, agents, employees, and designated volunteers from any liability, claims, suits, actions, arbitration proceedings, administrative proceedings, regulatory proceedings, losses, expenses or costs of any kind, whether actual, alleged, or threatened, actual attorneys fees incurred by SANTA FE SPRINGS, court costs, interest, defense costs including expert witness fees and any other costs or expenses of any kind whatsoever without restriction or limitation, and to the extent incurred in relation to, as a consequence of, arising out of or in any way attributable, actually, allegedly or impliedly, to the negligence or willful misconduct of LA MIRADA arising from its performance of this Agreement. All obligations under this provision are to be paid by LA MIRADA as they are incurred by SANTA FE SPRINGS.

M. To the fullest extent permitted by law, SANTA FE SPRINGS shall defend, indemnify and hold harmless LA MIRADA, its elected officials, officers, officials, agents, employees, and designated volunteers, from any liability, claims, suits, actions, arbitration proceedings, administrative proceedings, regulatory proceedings, losses, expenses or costs of any kind, whether actual, alleged, or threatened, actual attorneys fees incurred by LA MIRADA, court costs, interest, defense costs including expert witness fees and any other costs or expenses of any kind whatsoever without restriction or limitation, and to the extent incurred in relation to, as a consequence of, arising out of or in any way attributable actually, allegedly or impliedly, to the negligence or willful misconduct of SANTA FE SPRINGS arising from its performance of this Agreement. All obligations under this provision are to be paid by SANTA FE SPRINGS as they are incurred by LA MIRADA.

Joint Participation Agreement
CIP No. 2025-01
Slurry Seal of Valley View Avenue
7 N. This Agreement, and any other documents incorporated herein by specific reference, represents the entire and integrated agreement between the Parties.

This Agreement supersedes all prior oral or written negotiations, representations, or agreements. This Agreement may not be amended, nor any provision or breach hereof waived, except in a writing signed by the Parties which expressly refers to this Agreement. Amendment on behalf of each Party will only be valid if signed by the appropriate officer of the Party as set forth in its respective Municipal Code and attested by the City Clerk.

O. The term of this Agreement shall commence upon the date of mutual execution and shall continue thereafter until performance by both parties has been completed in compliance with the Agreement, unless sooner terminated in accordance with this Agreement. Unless otherwise agreed upon in writing, either party may immediately terminate for a material breach by the other that remains uncured following service of not less than ten (10) days prior written notice of such breach.

Venue for any legal action arising out of this Agreement shall be the Los Angeles County Superior Court.

P. This Agreement shall be interpreted, construed, and enforced in accordance with the laws of the State of California.

Q. This Agreement may be executed in any number of counterparts, each of which shall be deemed to be the original and all of which together shall constitute one and the same instrument.

R. If any provision or any part of any provision of this Agreement is found to be invalid or unenforceable, the balance of this Agreement shall remain in full-force and effect.

S. Notices permitted or required to be provided pursuant to this Agreement shall be sent to the following addresses:

LA MIRADA
City of La Mirada
Public Works Director/City Engineer
15515 Phoebe Avenue
La Mirada, California 90638
Joint Participation Agreement
CIP No. 2025-01
Slurry Seal of Valley View Avenue
8 SANTA FE SPRINGS
City of Santa Fe Springs
Director of Public Works/City Engineer
11710 E. Telegraph Road
Santa Fe Springs, California 90670
By notice to the other party, either party may change the address specified above.

Service of notice or communication shall be complete, if personally served, when received at the designated address, or five (5) days after deposit of said notice or communication in the United States mail, postage prepaid, whichever occurs first.

T. The parties do not intend to create rights in or to grant remedies to any third party as a beneficiary to this Agreement, or as a result of any duty, covenant, obligation, or undertaking established herein.

U. By entering into this Agreement, the Parties intend not to violate or cause a violation of the terms of collective bargaining or other labor agreements to which either may be a party, nor the policies, rules, and regulations governing the employees of either Party hereto. If any provision of this Agreement is inconsistent with such collective bargaining or other labor agreements, or of such policies, rules, and regulations, then the applicable provision of such collective bargaining or other labor agreements, and such policies, rules, and regulations shall take precedence for purposes of the construction of this Agreement.

V. The person or persons executing this Agreement on behalf of each Party warrants and represents that he/she has the authority to execute this Agreement on behalf of the Party and has the authority to bind the Party to the performance of its obligations hereunder.

W. LA MIRADA shall maintain all records pertaining to the work related to the SANTA FE SPRINGS PROJECT for a period of three (3) years after payment by SANTA FE SPRINGS of the final invoice. At any time during regular working hours, all records, invoices, timecards, cost control sheets and other records maintained by LA MIRADA, in connection with the SANTA FE SPRINGS PROJECT shall be available for review and audit by SANTA FE SPRINGS.

Y. No waiver of any of the provisions of this Agreement shall be deemed, or shall constitute, a waiver of any other provision, whether or not similar. No waiver or consent shall constitute a continuing waiver or consent or commit either party to provide a waiver in the future except to the extent specifically set forth in writing.

No waiver shall be binding unless executed in writing by the party making the waiver.

Z. This Agreement shall be interpreted and governed according to the laws of the State of California. In the event of litigation between the Parties, venue, without exception, shall be in the Los Angeles County Superior Court of the State of Joint Participation Agreement
CIP No. 2025-01
Slurry Seal of Valley View Avenue
9 California. If, and only if, applicable law requires that all or part of any such litigation be tried exclusively in federal court, venue, without exception, shall be in the Central District of California located in the City of Los Angeles, California.

AA. If any legal action is instituted to enforce or declare any Party’s rights hereunder, each party, including the prevailing party, must bear its own costs and attorneys’ fees. This paragraph shall not apply to those costs and attorney fees directly arising from any third-party legal action against a party hereto and payable under Indemnification provisions herein.

BB. The Parties hereby waive their respective right to trial by jury and agree to accept trial by judge alone of any cause of action, claim, counterclaim or cross-complaint in any action, proceeding and/or hearing brought by either LA MIRADA against SANTA FE SPRINGS or SANTA FE SPRINGS against LA MIRADA on any matter whatsoever arising out of, or in any way connected with, this Agreement, the relationship of LA MIRADA and SANTA FE SPRINGS, or any claim or injury or damage, or the enforcement of any remedy under any law, statute, or regulation, emergency or otherwise, now or hereafter in effect, regardless of whether such action or proceeding concerns any contract or tort or other claim. The Parties acknowledge that this waiver of jury trial is a material inducement to each of them to enter into this Agreement and that they would not have entered into this Agreement without this jury trial waiver. The Parties further agree that each of them has had the opportunity to consult with counsel of its own choosing in connection with this jury trial waiver and understands the legal effect of this waiver. [SIGNATURES ON FOLLOWING PAGE]
Joint Participation Agreement
CIP No. 2025-01
Slurry Seal of Valley View Avenue
10 IN WITNESS WHEREOF, the Parties hereto have executed this Agreement by and through their authorized officers.

CITY OF LA MIRADA
_________________________________
John Lewis, Mayor
APPROVED AS TO FORM:
______________________________
James L. Markman, City Attorney
ATTEST:
______________________________
Anne Haraksin, City Clerk
Dated: ________________________

CITY OF SANTA FE SPRINGS
________________________________
William K. Rounds, Mayor
APPROVED AS TO FORM:
______________________________
Rick Olivarez, City Attorney
ATTEST:
_______________________________
Fernando N. Munoz, City Clerk
Dated: ________________________

CITY OF SANTA FE SPRINGS

CITY OF LA MIRADALA MIRADA CREEK GANNET ST STAGE RD ALONDRA BLVD ROSECRANS AVE FIRESTONE BLVD LC LC LC

CITY OF SANTA FE SPRINGS

CITY OF LA MIRADA

VALLEY VIEW AVE VALLEY VIEW AVE
LEGEND:

SLURRY AREA
(EXISTING CONCRETE TO REMAIN)
N.T.S

ATTACHMENT B
ITEM # 8

CITY OF SANTA FE SPRINGS

CITY COUNCIL AGENDA STAFF REPORT
TO: Honorable Mayor and City Council Members
FROM: René Bobadilla, P.E., City Manager
BY: Arlene Salazar, Director of Police Services
SUBJECT: AUTHORIZE THE EXECUTION OF AGREEMENT HI-25-011 WITH THE

COUNTY OF LOS ANGELES FOR MEASURE A LOCAL SOLUTIONS

FUNDING
DATE: June 3, 2025
RECOMMENDATION(S):

It is recommended that the City Council:
1) Authorize the City Manager to sign the Local Solutions Fund Agreement HI-25-011 (“Agreement”) with the County of Los Angeles to receive $554,419 for FY 2025/26 and an adjusted amount annually thereafter; and
2) Authorize the City Manager to execute any non-substantive amendments to the Agreement with City Attorney approval; and
3) Take such additional, related action that may be desirable.

FISCAL IMPACT
The total cost of this annual special program (Program) shall not exceed $554,419 for the 2025/26 Fiscal Year. The annual allocation amount will vary from year-to-year based on the Local Solutions Fund (LSF) formula annual data refresh with updated yearly numbers.

This Agreement (Attachment A) begins July 1, 2025 – June 30, 2031. The Program is defined by the goals and objectives of the voter approved Measure A funding Ordinance.

The City is eligible for LSFas authorized by the Los Angeles County Board of Supervisors (County) and defined in the Statement of Work (Attachment B). This includes the hiring of a full-time Housing Navigator and a full-time Social Services Case Manager. The Housing Navigator position and Case Manager will be adopted as part of the City’s budget process and included in the salary resolution. These funds will also provide an offset of $35,442 towards the proposed Homeless Services Supervisor salary, this position is part CITY COUNCIL AGENDA REPORT – MEETING OF June 3, 2025
AUTHORIZE THE EXECUTION OF AGREEMENT HI-25-011 WITH THE COUNTY OF

LOS ANGELES FOR MEASURE A LOCAL SOLUTIONS FUNDING

Page 2 of 5 ends

of the 2025/26 budget approval process. The establishment of a non-general fund Activity Detail Budget and special revenue account are required for reporting and auditing purposes and are proposed as part of the adoption of the City budget process for FY 2025/26.

BACKGROUND
In November 2024, County voters approved Measure A by 57%, a half-cent sales tax countywide to resolve homelessness through housing with services and making housing more affordable throughout the County. Measure A took effect on April 1, 2025, and will be an ongoing funding source that allows for continued progress on ending homelessness with housing and services while greatly expanding efforts to address the drives of homelessness through affordable housing construction, homelessness prevention, and support for vulnerable renters.

Measure A repealed and replaced Measure H, a quarter-cent sales tax that is set to expire in 2027. Measure H was approved by Los Angeles County voters in March 2017 by 70%.

According to projections from the County, Measure A is estimated to generate over $1 billion annually. The funds will be shared between: Los Angeles County, cities and Council of Government (COGS), the Los Angeles County Development Authority (LACDA), and the Los Angeles County Affordable Housing Solutions Agency (LACAHSA). The categories of distribution of funds:
✓ 60% - Comprehensive Homeless Services
o Local Solutions Fund (LSF) – 15% (represents $96,363,000) o Homelessness Solutions Innovations – 1.65%
o Comprehensive Homeless Services – 83.35%
✓ 1.25% - Accountability, Data and Research
✓ 3% - Local Housing Production
✓ 33.75% - LACAHSA
✓ 2% Los Angeles County
The funding for Measure A requires a minimum of 15% of the Comprehensive Homeless Services Category funding be allocated to LSF. LSF will be allocated to 88 cities, six COGS, and the County on behalf of the 120 unincorporated areas (Attachment D). The County Board of Supervisors selected the formula for distribution of LSF based on FY 2023/24 Average point in-time (PIT) homeless count and 10% American Community Survey Proxy. The U.S. Department of Housing and Urban Development requires an annual PIT survey count to measure homelessness. The American Community Survey data focuses on families with an annual income of less than $10,000 and serves as a proxy for the deep poverty correlated with the double-up student homelessness not included in the PIT count.

CITY COUNCIL AGENDA REPORT – MEETING OF June 3, 2025
AUTHORIZE THE EXECUTION OF AGREEMENT HI-25-011 WITH THE COUNTY OF

LOS ANGELES FOR MEASURE A LOCAL SOLUTIONS FUNDING

Page 3 of 5 ends

As part of the approval of the use of Measure A funds for LSF, the County approved Measure A Local Solutions Fund Eligible Uses outlined in three eligible uses of funding (Attachment C) that provided for the framework of the SOW that was submitted by staff to the Office of Homeless Initiatives for review and consideration of approval. This framework was used by staff to determine the program that was submitted. The SOW proposes to assist those on the verge of homelessness that are individuals, seniors, families, and persons experiencing homelessness:
• (28) households with funds for move-in assistance including application fee, deposits, supplies, and the establishment of utilities. • (8) landlord support incentives including holding fees, mitigation funds and other landlord incentives to secure housing.
• Motel vouchers for those that are in-between service delivery not-to-exceed $25,000.
• Hiring of two full-time positions including a Social Services Case Manager and Housing Navigator.

ANALYSIS
The City will be required to submit annual and quarterly reports to the County to ensure compliance with the program key indicators and timeliness in meeting the Measure A goals as defined in the SOW. Staff will provide regular updates on the program in the weekly City Manager’s report.

ENVIRONMENTAL
This action does not require CEQA review.

DISCUSSION
Over the past two years the City of Santa Fe Springs has spent general fund dollars clearing encampments, removing illegal dumping and addressing homeless related nuisance calls by Whittier Police Department (WPD) and Public Safety staff. Further the Santa Fe Springs Fire Department have responded to a significant number of calls related to homeless individuals. The Public Works Department have responded to multiple public requests to remove trash and debris on public roadways resulting from homeless debris (shopping carts, discarded clothing/packaging, drug paraphernalia, etc.) The general fund expense over the two-year period is estimated to be over $800,000. As of January 2025, to combat homelessness and related criminal activity and social intervention the Police Services Department has been tasked with coordinating homeless engagement services on behalf of the City.

CITY COUNCIL AGENDA REPORT – MEETING OF June 3, 2025
AUTHORIZE THE EXECUTION OF AGREEMENT HI-25-011 WITH THE COUNTY OF

LOS ANGELES FOR MEASURE A LOCAL SOLUTIONS FUNDING

Page 4 of 5 ends

The following are examples of efforts the City is making towards addressing homelessness:
• Code Enforcement – coordinating efforts with private property owners (business and residential) to remove blighted conditions that in many cases on the business corridor include encampment debris and illegal dumping. • Dedicated Lead Public Safety Officer – dedicated to encampment abatement and service provider coordination in addition to coordinating clean-ups with rail (BNSF and UP) and Los Angeles County Flood Control.
• (2) part-time Public Works staff – assist with trash and debris removal three times a week for 3 hours per day.
• Three encampment clean-up vendors on retention as approved by City Council. • Council approved encampment storage process with City owned storage facility. • Retention of specialized prosecutors to assist with the abatement of public nuisance properties.
• City Council approved RV Ordinance to assist with the abatement of abandoned RV’s.
• Memorandum of Understanding with California Conservation Corp (CCC) to assist in the removal of weeds, debris and other illegally dumped items to restore public spaces on a monthly basis.
• City Council expanded the Home Camera Rebate Program to include businesses. • Expanded the promotion of the Whittier Police Department Trespass Letter process including providing the proper signage for businesses and residents. • Removed and replaced a variety of public right-of-way signage to include no trespassing, no camping, no dumping, no littering signs, no soliciting signs on public property to enhance enforcement.
• Established bi-monthly partnership meetings to include representation from The Whole Child, Department of Mental Health, PATH, Jovenes, CCC, Whittier Police Department MET Team, Pacific Clinics, LACADA, Whittier First Day, Little Lake School District Family Resource Center and City staff.
• Coordinate meetings between businesses and Whittier Police Department to walkthrough areas of concern (breached fencing, criminal activity, security checks) to ensure that we are assisting our business communities.

The authorization to implement the use of LSF will further the commitment by the City to combat homelessness and the correlating challenges that result of this societal challenge by leveraging voter approved Measure A funding with general fund dollars.

CITY COUNCIL AGENDA REPORT – MEETING OF June 3, 2025
AUTHORIZE THE EXECUTION OF AGREEMENT HI-25-011 WITH THE COUNTY OF

LOS ANGELES FOR MEASURE A LOCAL SOLUTIONS FUNDING

Page 5 of 5 ends

SUMMARY/NEXT STEPS
Staff recommends that the City Council authorize the City Manager to enter into an agreement with the Los Angeles County Homeless Initiative for purposes of implementing the special program funded by the LSF.

ATTACHMENT(S):

A. Los Angeles County Agreement
B. Statement of Work
C. Measure A Local Solutions Fund Eligible Uses
D. Measure A – Local Solutions Fund FY 25/26 Allocations ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:
1 FUNDING AGREEMENT

BETWEEN COUNTY OF LOS ANGELES AND

SANTA FE SPRINGS
FOR

LOCAL SOLUTIONS FUND
CONTRACT NUMBER: HI-25-011
This Funding Agreement ("Agreement") is made and entered into by and between the County of Los Angeles, hereinafter referred to as “County” and Santa Fe Springs hereinafter referred to as “Local Jurisdiction”. The County and Local Jurisdiction shall collectively be referred to as "Parties".

RECITALS:

WHEREAS, on November 4, 2024, the voters of Los Angeles County approved the Affordable Housing, Homelessness Solutions, and Prevention Now Transactions and Use Tax Ordinance ("Measure A" or the "Ordinance"), a one-half cent sales tax countywide, to fund critical programs designed to reduce and prevent homelessness within the County;
WHEREAS, the County has received a portion of the proceeds from the tax imposed by Measure A for Comprehensive Homelessness Services, the Local Solutions Fund, and Homelessness Solutions Innovations which it distributes to eligible programs and services in accordance with Measure A;
WHEREAS, pursuant to Measure A, the County shall allocate funds from the Local Solutions Fund to cities, councils of governments, and/or the County on behalf of its unincorporated areas;

WHEREAS, on March 25, 2025, the County Board of Supervisors ("Board"), in consultation with cities within the County, determined that Formula 4, based on 90% of the multi-year average point-in-time count and 10% of the American Community Survey proxy data, is the appropriate method for distributing Local Solutions Fund to cities, councils of governments, and to the County on behalf of its unincorporated areas;

WHEREAS, services and programs funded by the Local Solutions Fund shall support a variety of services and programs aimed at addressing homelessness, including but not limited to physical and mental health care, emergency housing, permanent housing, job counseling, substance use disorder treatment, short-term rental subsidies, and other related services, as well as the collection and analysis of data to assess the effectiveness of such services and programs;

WHEREAS, services and programs funded by Local Solutions Fund shall contribute to achieving the five outcome goals outlined in Measure A by demonstrating measurable progress from baseline metrics toward target metrics ("Metrics") as adopted by the Board on March 25, 2025;

WHEREAS, services and programs funded by the Local Solutions Fund must align with the purposes enumerated in Measure A and the Regional Plan adopted by the Board on March 25, 2025, which sets goals and objectives to reduce homelessness and expand affordable housing in accordance with Measure A;

WHEREAS, services and programs funded by the Local Solutions Fund shall adhere to best practices for the standardization of care, including but not limited to facilitating 2 connections to behavioral and mental health services, medical care, and other services, and create connections to mainstream safety net programs supported by County, State, and federal funds, including connections to medical and mental health care and other entitlement programs;

WHEREAS, the Local Jurisdiction agrees to perform its obligations under this Agreement in a manner consistent with and supportive of the goals and purposes outlined in Measure A, and the Metrics, Regional Plan, and best practices for the standardization of care; and

WHEREAS, the Parties desire to enter into this Agreement to formalize the allocation of Measure A funds, which is approved by the Board annually, establish accountability measures, and ensure the effective use of Measure A funds to achieve the stated goals in Measure A to prevent and reduce homelessness and increase access to affordable housing, subject to all the conditions required by Measure A.

NOW THEREFORE, in consideration of the mutual covenants contained herein, and for good and valuable consideration, the Parties agree to the following:

I. PURPOSE AND SCOPE
A. Purpose of Affordable Housing, Homelessness Solutions, And Prevention Now Transactions and Use Tax Ordinance ("Measure A"): The allocation of Measure A funds from the Local Solutions Fund to the Local Jurisdiction is to be used solely for services and programs consistent with the purposes enumerated in the Ordinance or for the purposes set forth in Government Code section 64700 et seq., including but not limited to homelessness prevention, homelessness services, or affordable housing programs in Los Angeles County.

B. Scope: Local Jurisdiction shall use Measure A funds for the purposes and goals specified in Measure A and the goals and objectives outlined in the Regional Plan adopted by the County Board on March 25, 2025, which aims to reduce homelessness and expand affordable housing. Local Jurisdiction shall use Measure A funds for the uses as set forth in Measure A, including, but not limited to:

1. Preventing Homelessness;

2. Mental Health;

3. Outpatient and residential substance use treatment;

4. Case management and outreach services;

5. Employment services;

6. Expedited placements in permanent housing;

7. Enhanced emergency housing and interim housing;

8. Enhanced services for transition-age youth and children; and

9. Affordable housing for people experiencing, or at risk of homelessness.

II. TERM
The term of this Agreement shall commence upon execution by the Parties and shall remain in force through June 30, 2031, contingent upon available funding and program performance set forth in this Agreement, unless sooner terminated or extended, in whole or in part, as provided in this Agreement.

III. FUNDING ALLOCATION
A. Amount of Funds: Local Jurisdiction shall receive a portion of County's 3 Measure A allocation in an amount not to exceed $554,419 (“Funds”) for the Term to implement programs and services aimed at preventing and reducing homelessness and increasing access to affordable housing (the "Project"), subject to Measure A, and as further described in this Agreement and Exhibit A, Project Description and Budget, which is attached and incorporated herein by reference. Local Jurisdiction agrees to use Funds as described in Exhibit A, Project Description and Budget. The County reserves the right, in its sole discretion, to adjust the Local Solutions Fund allocation based on actual Measure A tax revenues received by the County. The Local Jurisdiction shall have no claim against the County for payment of any money or reimbursement, of any kind whatsoever, for any Project provided by the Local Jurisdiction after the expiration or other termination of this Agreement.

Should the Local Jurisdiction receive any such payment, it shall immediately notify the County and shall immediately repay all such funds to the County.

Payment by the County for Project rendered after the expiration and/or termination of this Agreement shall not constitute a waiver of the County’s right to recover such payment from the Local Jurisdiction. This provision shall survive the expiration or other termination of this Agreement.

B. Use of Funds: Local Jurisdiction agrees to use the allocated Funds as described in their approved budget, exclusively for Measure A eligible Project, and as further described in this Agreement and Exhibit A, Project Description and Budget, and the goals and metrics outlined in Section IV of this Agreement. Any misspent or disallowed Funds must be fully reimbursed to the County, upon County's request. All Parties agree to be bound by all applicable federal, state, and local laws, ordinances, regulations, and directives as they pertain to the performance of this Agreement.

C. Prohibited Uses of Funds: The Funds are intended to support best practices, policies, and programs implemented by departments, agencies, or organizations that are primarily formed to provide services to and support people who are experiencing homelessness, at risk of homelessness, or are low-income. Per Measure A, the Funds may not be used to fund investigations or prosecutions to pursue criminal, civil, or administrative penalties against people experiencing homelessness or other low-income people.

D. Notification of Reaching 75 percent of Total Agreement Sum or Individual Project Budgets: Local Jurisdiction must maintain a system of record keeping that will allow the Local Jurisdiction to determine when it has incurred seventy-five percent (75%) of either the total Agreement sum or the individual project budget specified in Exhibit A, Project Description and Budget, for each listed project, whichever is reached first. Upon occurrence of this event, the Local Jurisdiction must send written notification to County at the address herein provided in Section XV of this Agreement. If the seventy-five threshold for an individual project budget is reached, the notice must identify the specific Project(s) to which it applies.

E. Supplanting of Funds: Local Jurisdiction shall not use the Funds to supplant or replace existing funding sources supporting Local Jurisdiction’s programs, operations, or services, except as expressly permitted in this Section. The County may approve the use of the Funds to supplant existing funding sources only under the following limited circumstances, all of which must be justified in writing by the Local Jurisdiction and approved in writing by the County prior to the execution of this Agreement or any amendment authorizing such use:
4 1. The Funds are allocated to advance the goals outlined in Section IV.A.1 and 3, specifically: to increase the number of people moving from encampments into permanent housing to reduce unsheltered homelessness, and increase the number of people permanently leaving homelessness;

2. The supplanting of funds is necessary to prevent the loss of interim or permanent housing or services for people experiencing homelessness;

3. The supplanting of funds maintains or increases the Local Jurisdiction’s ability to achieve the goals stated above; and

4. Local Jurisdiction agrees to redirect the local funds being replaced by the Funds to another eligible use under this Agreement that advances one or more of the goals set forth in Section IV.A.

Local Jurisdiction shall submit an annual certification of compliance to the County no later than October 1 of each year. The certification shall be signed by an authorized representative of Local Jurisdiction and must affirm compliance with all requirements set forth in this Section. The County reserves the right to request supporting documentation, including documentation showing the eligible use of the redirected funds, to verify compliance with this Section. If Local Jurisdiction fails to comply, the County may exercise any remedies available under this Agreement, including withholding of Funds or terminating the Agreement.

IV. GOALS AND METRICS
A. Goals: The Parties agree to work collaboratively to achieve the following goals:

1. Increase the number of people moving from encampments into permanent housing to reduce unsheltered homelessness;

2. Reduce the number of people with mental illness and/or substance use disorders who experience homelessness;

3. Increase the number of people permanently leaving homelessness;

4. Prevent people from falling into homelessness; and

5. Increase the number of affordable housing units in Los Angeles County.

B. Baseline Metrics, Target Metrics, Key Performance Indicators, and Key System Performance Metrics: Local Jurisdiction shall work towards achieving the metrics and key performance indicators as follows:

1. Demonstrating progress from the baseline metrics toward the target metrics as set forth in Exhibit B, Measure A Goals and Recommended Targets, which are attached and incorporated herein by reference. Project funded by the Funds shall contribute to achieving the goals in Section IV.A.

2. Project Specific Key Performance Indicators ("PS-KPIs") and Project Specific Target Outcomes related to the use of the Funds, as set forth in Exhibit A, Project Description and Budget. The Parties will amend this Agreement to incorporate any additional or revised key performance indicators approved by the County.

3. Key system performance metrics related to the use of the Funds, including, but are not limited to:
a. Creating a standardization of basic services to bring people inside 5 and ensure that people have access to social services, medical care, and behavioral/mental health care.
b. Establishing a homeless-service-delivery system more accessible to all communities;
c. Meeting regional housing needs for “Lower Income Households,” which has the same meaning as defined in California Health and Safety Code section 50079.5;
d. Using an equity lens and reducing racial disparities and disproportionate impact of homelessness and housing insecurity for critical populations, including but not limited to veterans, seniors, transition-age youth, families with children, people with disabilities, people with animal companions, women, members of LGBTQIA+ communities, survivors of domestic violence, overrepresented racial groups, and others at risk of homelessness; and
e. Increasing accountability and transparency in the use of public funds.

4. The Parties will amend this Agreement to incorporate any additional or revised metrics and key performance indicators approved by the County.

V. REGIONAL PLAN AND BEST PRACTICES
A. Alignment with Regional Plan: Local Jurisdiction shall ensure that its Project funded by the Funds align with the County's adopted regional plan and contribute to the achievement of its stated goals and objectives. Local Jurisdiction shall coordinate with County's efforts to combat homelessness, including collection of data to build a more comprehensive and inclusive version of the Regional Plan and provide continual updates to create a "living" Regional Plan. The County’s Regional Plan is attached as Exhibit C, Measure A Regional Plan, and incorporated herein by reference.

B. Best Practices for Standardization of Care: Local Jurisdiction shall implement best practices for the standardization of care, including but not limited to connections to behavioral and mental health, medical care, and other programs and services. Project funded by the Funds should aim to create connections to mainstream safety net programs supported by other funds from the County, state, and federal governments, including connections to medical and mental health care supported by state and federal programs as well as other entitlement programs. Funding for Project shall be allocated according to need and equity, considering factors such as the point-in-time count or other similar measures of the population experiencing homelessness or housing instability. Local Jurisdiction shall also comply with any additional best practices for standardization of care, including guidance and key performance indicators approved by the County. The Parties will amend this Agreement as needed to incorporate such County-approved standards of care as an exhibit.

VI. CONSTRUCTION AND REHABILITATION WORK
A. Prevailing Wages: Any construction or rehabilitation project receiving Funds or financed under Funds, including but not limited to a project of fewer than 40 units, shall constitute a public work for which prevailing wages shall be paid for purposes of Chapter 1 (commencing with Section 1720) of Part 7 of 6 Division 2 of the California Labor Code.

B. Project Labor Agreement for Projects with 40 or More Units: A project of 40 or more units is eligible to receive Funds or financed under Funds only if all construction and rehabilitation is subject to the City of Los Angeles Department of Public Works Project Labor Agreement 2020-2030 if the project is within the City of Los Angeles, or the Countywide Community Workforce Agreement, executed by the Chief Executive Officer on June 7, 2023, if the project is elsewhere or any successor to either agreement. For purposes of this Section, the number of units means the maximum number of units authorized in an entitlement granted by the land use permitting authority for a development project, regardless of whether construction or rehabilitation proceeds in phases or project ownership is divided.

C. Alternative Project Labor Agreement: Notwithstanding Section VI.B, above, if a project labor agreement is agreed between Local Jurisdiction or its project developer, the Los Angeles/Orange Counties Building and Construction Trades Council, and the Western States Regional Council of Carpenters, then a project with 40 or more units is eligible to receive funding or financing from Measure A if all construction and rehabilitation is subject to that project labor agreement.

D. Designated Enforcement Agency (DEA): Local Jurisdiction acknowledges that the DEA has the authority to enforce Labor Code Sections 1720-1815, as amended from time to time, for projects funded by the Funds. Any developer, contractor, or subcontractor as to such projects shall be required to cooperate fully in any investigation the DEA initiates. For projects located in the City of Los Angeles, the DEA shall be the Department of Public Works, Bureau of Contract Administration. For projects located elsewhere, Local Jurisdiction shall act as or designate the DEA. The DEA shall be authorized to work with joint labor management committees established pursuant to the federal Labor Management Cooperation act of 1978 (29 U.S.C. section 175a) in order to carry out the enforcement/investigation duties under Measure A.

A joint labor management committee may bring an action in any court of competent jurisdiction against an employer that fails to comply with the labor standards required by this Agreement and Measure A.

E. Compliance and Cooperation: Local Jurisdiction, including Local Jurisdiction's developers, contractors, and subcontractors, shall comply with the prevailing wage requirements, project labor agreement requirements, and any other labor standards set forth in this section. Failure to comply may result in enforcement actions, including but not limited to withholding of funds, or termination of this Agreement per Section XIV.J. Termination.

VII. RECRUITMENT AND RETENTION OF HOMELESSNESS SERVICE AND

PREVENTION WORKERS
A. All Local Jurisdiction's contracts that use Funds to pay for social services positions, including but not limited to homelessness services and eviction prevention workers, must:

1. Set sufficient payment rates to enable contractors to pay wages aligned with public and private market conditions;

2. Allow amendments, as needed, to provide that incentives and wage increases for cost of living similar to those offered to County staff and/or Los Angeles Homeless Services Authority (LAHSA) staff are also 7 available to service provider and prevention worker staff;

3. Allow annual adjustments to reflect cost-of-living adjustments, increases in administrative allowances, and operational cost changes due to inflation or other factors (such as supply shortages, insurance market changes, etc.);

4. Be paid in a timely manner to prevent unnecessary cost increases borne by service providers; and

5. Not result in displacement of public employees.

B. The requirements under Section VII.A. shall be fully implemented and enforced by July 1, 2026, to allow for necessary administrative, budgetary, and contractual adjustments while ensuring compliance with Measure A. During the transition period, Local Jurisdiction shall coordinate with the County to align all Measure A-funded social services positions with the requirements set forth in this Section to the maximum extent feasible.

VIII. INVOICING AND PAYMENT
A. The Local Jurisdiction must invoice the County only for the tasks, deliverables, goods, services, and other work specified in Exhibit A, Project Description and Budget, and elsewhere hereunder. The Local Jurisdiction's payments will be as provided in Exhibit A, and the Local Jurisdiction will be paid only for the tasks, deliverables, goods, services, and other work approved in writing by the County. If the County does not approve work in writing, no payment for any services will be due to the Local Jurisdiction, including for work rendered.

B. The Local Jurisdiction's invoices must contain the information set forth in Exhibit A, Project Description and Budget, describing the tasks, deliverables, goods, services, work hours, and facility and/or other work for which payment is claimed. The Local Jurisdiction must prepare invoices, which will include the charges owed to the Local Jurisdiction by the County under the terms of this Agreement and in accordance with Exhibit A.

C. The Local Jurisdiction must submit monthly invoices to the County by the 15th calendar day of the month following the month of service. All invoices under this Agreement must be submitted to the County's Project Manager. If County does not receive the invoices timely, then at the County's sole discretion, all work intended to be paid by such invoice may be considered gratuitous effort on the part of the Local Jurisdiction, for which Local Jurisdiction has no claim whatsoever against County.

D. All invoices submitted by the Local Jurisdiction for payment must have the written approval of the County's Project Manager prior to any payment thereof. In no event will the County be liable or responsible for any payment prior to such written approval. Approval for payment will not be unreasonably withheld.

E. Default Method of Payment: Direct Deposit or Electronic Funds Transfer i. The County, at its sole discretion, has determined that the most efficient and secure default form of payment for goods and/or services provided under the Agreement with the County shall be Electronic 8 Funds Transfer (EFT) or direct deposit, unless an alternative method of payment is deemed appropriate by the Auditor-Controller (A-C). ii. Local Jurisdiction shall submit a direct deposit authorization request via the website https://directdeposit.lacounty.gov with banking and vendor information, and any other information that the A-C determines is reasonably necessary to process the payment and comply with all accounting, record keeping, and tax reporting requirements. iii. Any provision of law, grant, or funding agreement requiring a specific form or method of payment other than EFT or direct deposit shall supersede this requirement with respect to those payments. iv. At any time during the duration of the Agreement, Local Jurisdiction may submit a written request for an exemption to this requirement.

Such request must be based on specific legal, business, or operational needs and explain why the payment method designated by the A-C is not feasible and an alternative is necessary. The A-C, in consultation with the contracting County department(s), shall decide whether to approve exemption requests.

IX ACCOUNTABILITY AND REPORTING
Local Jurisdiction shall complete financial and status reports on the dates specified as follows:

A. Project Review and Evaluation: The County will monitor, evaluate, and provide guidance to the Local Jurisdiction in the performance of the Measure A Funds allocated to Local Jurisdiction. Reviews will focus on the extent to which the planned Measure A Funds have been implemented and measurable goals achieved, effectiveness of the Project management, and impact of the Project.

The Local Jurisdiction shall make available for inspection to authorized County and their agents, for the term of this Agreement and for a period of five (5) years from the expiration date of this Agreement, all records, including financial, pertaining to its performance under this Agreement, and allow said County personnel and agents to inspect and monitor the Local Jurisdiction Measure A funded Project, and interview the Local Jurisdiction's staff and Project participants, as required by the County and in compliance with Measure A.

Failure of the Local Jurisdiction to comply with the requirements of this Section shall constitute a material breach of the Agreement upon which the County, through its Chief Executive Officer, or designee, may cancel or terminate this Agreement.

B. Reports and Records:

The Local Jurisdiction agrees to prepare and submit financial, Project progress, monitoring, evaluation, or other reports required by the County.

The Local Jurisdiction shall maintain and permit onsite inspections of such property, personnel, financial, and other records and accounts as are considered necessary by the County to assure proper accounting for all Agreement Measure A Funds during the Term of this Agreement and for a total of five (5) years thereafter. The Local Jurisdiction will ensure that its employees, agents, City Council members, officers, and board members 9 furnish such information, which in the judgment of County representatives, may be relevant to a question of compliance with contractual conditions, with the County directives, or with the effectiveness, legality, and achievements of the Local Solutions Fund.

1. Quarterly Reports: Local Jurisdiction shall submit a quarterly report using a County approved method that details the status of work performed, including project specific key performance indicators and target specific outcomes. All quarterly reports and supporting documents shall be submitted to County within 30 days after each quarter. A quarterly reporting template is attached and incorporated herein by reference as (Exhibit E).

2. Annual Reports: Local Jurisdiction shall submit an annual report to the County by October 1st of each year detailing the use of the Funds, including: 1) the amounts of Funds received and spent in the previous fiscal year, 2) the status of any projects or work funded by the Funds, and 3) any Funds carried over from previous years and to be carried over to future years.

3. Certification: Local Jurisdiction shall provide a certification, in a form provided by County, to be signed by its Executive Director, City Manager, or designee, with each report required under this Section IX that the statements contained in the report are, to the best of Local Jurisdiction’s knowledge and understanding, true and accurate and that the expenditures described in the report comply with the uses permitted under Section III, Funding Allocation, Exhibit A, Project Description and Budget, and as authorized by the County Board.

C. Public Availability: Local Jurisdiction shall make the annual reports and records publicly available, without charge, including by posting them on its website for at least five (5) years after they are completed, to ensure transparency and accountability in the use of public funds.

D. Data Collection and Reporting: The Local Jurisdiction agrees to collect and report data as required by this Agreement to assess the effectiveness of funded Project, facilitate reporting, monitoring, and outcome analysis. This includes providing data on outcomes related to homelessness prevention, housing stability, mental health treatment, substance use disorder treatment, and other relevant indicators. To the extent feasible, the County will require the Local Jurisdiction to report expenditures and other key metrics in a uniform manner.

E. Accounting: The Local Jurisdiction shall establish and maintain on a current basis an adequate accounting system in accordance with Generally Accepted Accounting Principles (“GAAP”) Standards, and the County Auditor-Controller Agreement Accounting and Administration Handbook. Regardless of the Local Jurisdiction’s method of accounting, expenses must be reported in accordance with this Agreement.

F. Submission of Reports to County Project Manager: All completed reports described in this Section shall be submitted timely to the County’s Project Manager.

X. FINANCIAL RECORDS AND AUDITING
A. Audits:
10 1. County shall monitor the progress of the Measure A funded Project through this Agreement and ensure Local Jurisdiction's compliance with the terms and objectives outlined herein. The Local Jurisdiction shall make available for inspection and audit to authorized County personnel and their agents, for the term of this Agreement and a period of five (5) years from the expiration date of this Agreement, and allow said County personnel and agents to inspect and audit all of its books and records relating to each Project operation or business activity which is Measure A funded in whole, or in part, in compliance with Measure A and this Agreement. Failure of the Local Jurisdiction to comply with the requirements of this Section shall constitute a material breach of this Agreement upon which County may cancel or terminate this Agreement. Within ten (10) days of the County's written request, Local Jurisdiction shall allow the County access to financial and program records during regular business hours at any place Local Jurisdiction keeps those records.

2. Local Jurisdiction agrees to maintain accurate and complete financial accounts, documents, and records relating to this Agreement in accordance with general accepted accounting principles. Local Jurisdiction must maintain accurate and complete employment and other records relating to its performance of this Agreement. Local Jurisdiction shall make financial records available to the County for auditing at reasonable times. Local Jurisdiction agrees that the County, or its authorized representatives, will have access to and the right to examine, audit, excerpt, copy, or transcribe any pertinent transaction, activity, or record relating to this Agreement. All such material, including, but not limited to, all financial records, bank statements, cancelled checks or other proof of payment, timecards, sign- in/sign-out sheets and other time and employment records, and proprietary data and information, will be kept and maintained by Local Jurisdiction and will be made available to the County during the term of this Agreement and for a period of five (5) years thereafter unless the County’s written permission is given to dispose of any such material prior to such time.

3. Local Jurisdiction, within thirty (30) days of notification from the County of its audit findings, may dispute the audit findings in writing to the County and provide the County with records and/or documentation to support the expenditure claims. The County shall review this documentation and make a final determination as to the validity of the expenditures. The Local Jurisdiction agrees that in the event that the Measure A funded Project established hereunder is subject to audit exceptions by appropriate audit agencies, it shall be responsible for complying with such exceptions and paying the County the full amount of the County's liability to the funding agency resulting from such audit exceptions.

4. It is understood and agreed that any funds paid to Local Jurisdiction hereunder may only be used for the purposes specified in this Agreement and in accordance with Measure A. In furtherance of this understanding, it is agreed that should the County determine that any funds paid to Local Jurisdiction hereunder have been used for purposes other than those authorized by this Agreement, Local Jurisdiction is required to immediately refund any such improperly used funds to the County.

B. Redirecting Funds for Unexpended Funds: Effective October 1, 2027, if Local Jurisdiction reports unexpended funds equaling 30 percent or more of its allocated proceeds from the Local Solutions Fund in two consecutive annual reports, County shall reallocate the excess amount exceeding the 30 percent 11 threshold ("Excess Amount") back to the County’s Local Solutions Fund. i. The County shall, within 45 days of identifying the Excess Amount (or by November 15th), issue a written notice to Local Jurisdiction informing it that County will withhold from the next annual allocation the portion of funds exceeding 30 percent of that year's total allocation for reallocation to the County's Local Solutions Fund.
ii. For the purposes of this provision, funds appropriated for permanent affordable housing construction by Local Jurisdiction shall be excluded from the calculation of unexpended funds and shall not be considered when determining whether the 30 percent threshold has been exceeded.

C. Redirecting Funds for Failure to Meet Target Metrics: The County reserves the right to evaluate progress toward the target metrics established under Measure A and/or this Agreement. For each goal for which the target metric has not been achieved as of December 31, 2030, the County reserves the right, in its sole discretion, to redirect funds to or away from Local Jurisdiction's Project.

XI. INDEMNITY AND INSURANCE
A. Indemnity: Local Jurisdiction agrees to indemnify, defend, and hold harmless the County, its Special Districts, elected and appointed officers, employees, agents and volunteers ("County Indemnitees") from and against any and all liability, actions, causes of action, or expense of any kind, including, but not limited to, defense costs and legal fees, and claims for damages of any nature whatsoever, including, but not limited to, bodily injury, death, personal injury, or property damage arising from or related to this Agreement, except for such loss or damage arising from the sole negligence or willful misconduct of the County Indemnitees.

Any legal defense pursuant to Local Jurisdiction’s indemnification obligations under this Section will be conducted by Local Jurisdiction and performed by counsel selected by Local Jurisdiction and approved by County.

Notwithstanding the preceding sentence, County will have the right to participate in any such defense at its sole cost and expense, except that in the event Local Jurisdiction fails to provide County with a full and adequate defense, as determined by County in its sole judgment, County will be entitled to retain its own counsel, including, without limitation, County Counsel, and to seek reimbursement from Local Jurisdiction for all such costs and expenses incurred by County in doing so. Local Jurisdiction will not have the right to enter into any settlement, agree to any injunction, or make any admission, in each case, on behalf of County without County’s prior written approval.

B. Insurance: Local Jurisdiction shall provide and maintain at its own expense during the term of this Agreement the following program(s) of insurance or self-insurance covering its operations hereunder. Such insurance shall be provided by insurer(s) satisfactory to the County's Risk Manager and evidence of such programs satisfactory to the County shall be delivered to the County on or before the effective date of this Agreement. Such evidence shall specifically identify this Agreement and shall contain express conditions that County is to be given written notice at least thirty (30) days in advance of any modification or termination of any program of insurance. All such insurance, except for Workers' Compensation, shall be primary to and not contributing with any other insurance or self-insurance coverage maintained by County and shall name the County of Los Angeles as an additional insured. 12 i. Commercial General Liability: with limits of not less than $1 million per occurrence.
ii. Automobile Liability insurance: (Providing scope of coverage equivalent to ISO policy form CA 00 01) with limits of not less than $1 million for bodily injury and property damage, in combined or equivalent split limits, for each single accident. Insurance shall cover liability arising out of Contractor’s use of autos pursuant to this Contract, including owned, leased, hired, and/or non-owned autos, as each may be applicable.
iii. Workers' Compensation: For every Contractor providing services, a program of Workers' Compensation Insurance in an amount and form to meet all applicable requirements of the Labor Code of the State of California, and which specifically covers all persons providing services by or on behalf of Local Jurisdiction and all risks to such persons under this Agreement, and including Employer's Liability coverage with a $1 million per accident.
iv. Crime Insurance: A comprehensive blanket crime insurance policy with each insuring agreement in an amount not less than $1 million, insuring against loss of money, securities, or other property referred to hereunder which may result from:

1. Dishonesty or fraudulent acts of officers, directors, or employees of Local Jurisdiction, or

2. Disappearance, destruction or wrongful abstraction inside or outside the premises or Local Jurisdiction, while in the care, custody or control of Local Jurisdiction, or

3. Sustained through forgery or direction to pay a certain sum in money. v. Property Coverage: If, under the terms of this Agreement, Local Jurisdiction shall have possession of rented or leased or be loaned any County-owned real or personal property, Local Jurisdiction shall provide:

1. For real property: insurance providing special form ("all risk") coverage for the full replacement value.

2. For personal property: insurance providing special form ("all risk") coverage for the actual cash value.

XII. CONFLICT OF INTEREST
A. Local Jurisdiction covenants that neither Local Jurisdiction nor any of its agents, officers, employees, contractors, or sub-contractors who presently exercise any function of responsibility in connection with the Project has a personal interest, direct or indirect, in the Agreement, except to the extent he or she may receive compensation for his or her performance pursuant to this Agreement.

B. Local Jurisdiction, its agents, officers, employees, contractors, and subcontractors shall comply with all applicable Federal, State and County laws and regulations governing conflict of interest now in effect or hereafter to be enacted during the term of this Agreement.
13 XIII. AUTHORITY
Local Jurisdiction warrants and certifies that it possesses the legal authority to execute this Agreement and to undertake the proposed Project, and that a resolution, motion, or similar action has been fully adopted or passed, as an official act of Local Jurisdiction 's governing body, and directing and designating the authorized representative(s) of Local Jurisdiction to act in connection with the Project specified and to provide such additional information as may be required by the County.

XIV. STANDARD TERMS AND CONDITIONS
A. Amendments and Change Notices:
a. For any change which affects the scope of work, term, budget, payments, or any term or condition included under this Agreement, an amendment to the Agreement will be prepared by the County and shall be executed by the Local Jurisdiction and an authorized designee of the County, and approved as to form by County Counsel.
b. The County's Board or Chief Executive Officer or designee may require the addition and/or change of certain terms and conditions in the Agreement during the term of this Agreement. The County reserves the right to add and/or change such provisions as required by the County’s Board or Chief Executive Officer. To implement such changes, an Amendment to the Agreement will be prepared by the County and shall be executed by the Local Jurisdiction and by an authorized designee of the County.
c. For any change which does not materially affect the scope of work, term, budget, payments, or any term or condition included under this Agreement, a Change Notice will be prepared and signed by the County's Project Manager or designee and Local Jurisdiction's Project Manager.

B. Independent Contractor: This Agreement is by and between the County and Local Jurisdiction and is not intended, and shall not be construed, to create the relationship of agent, servant, employee, partnership, joint venture, or association, as between the County and Local Jurisdiction. The employees and agents of one party shall not be, or be construed to be, the employees or agents of the other party for any purpose whatsoever.

Local Jurisdiction shall be solely liable and responsible for providing to, or on behalf of, all persons performing work pursuant to this Agreement all compensation and benefits. The County shall have no liability or responsibility for the payment of any salaries, wages, unemployment benefits, disability benefits, Federal, State, or local taxes, worker's compensation benefits or other compensation, benefits, or taxes for any personnel provided by or on behalf of Local Jurisdiction.

C. Assignments and Subcontracts:
a. Local Jurisdiction shall not assign its rights or delegate its duties under this Agreement, or both, whether in whole or in part, without the prior written consent of the County, in its discretion, and any attempted assignment or delegation without such consent shall be 14 null and void. For purposes of this Section, the County's consent requires a written amendment to this Agreement that is formally approved and executed by Local Jurisdiction and the County. b. Any assumption, assignment, delegation, or takeover of any of Local Jurisdiction's duties, responsibilities, obligations, or performance of same by any entity other than Local Jurisdiction, whether through assignment, subcontract, delegation, or any other mechanism, with or without consideration for any reason whatsoever without County's express prior written approval, shall be a material breach of this Agreement which may result in the termination of this Agreement. c. Local Jurisdiction shall be solely liable and responsible for all payments or other compensation to all subcontractors and their officers, employees, agents, and successors in interest arising through services performed hereunder, notwithstanding the County’s consent to subcontract.
d. Any contractor or subcontractor of Local Jurisdiction are bound by the same obligations of this Agreement and shall comply with all Measure A requirements such as, but not limited to, Measure A allowable uses, purposes, Goals and Metrics (Exhibit B), Regional Plan (Exhibit C), and Best Practices (Exhibit D). Failure to comply may result in enforcement actions, including but not limited to withholding of funds, or termination of this Agreement per Section XIV.J. Termination.

D. Fair Labor: Local Jurisdiction agrees to indemnify, defend, and hold harmless the County, its agents, officers, and employees from any and all liability including, but not limited to, wages, overtime pay, liquidated damages, penalties, court costs, and attorneys' fees arising under any wage and hour law violation including, but not limited to, Federal Fair Labor Standards Act for services performed by Local Jurisdiction's employees for which the County may be found jointly or solely liable.

E. Religious and Political Activities: Local Jurisdiction agrees that Measure A Funds under this Agreement will be used exclusively for the performance of the work required under this Agreement, and that no Measure A funds made available under this Agreement shall be used to promote religious or political activities. Further, Local Jurisdiction agrees that it will not perform, nor permit to be performed, any religious or political activities in connection with the performance of this Agreement.

F. Nondiscrimination: Local Jurisdiction shall not discriminate against any person on the basis of race, color, sex, sexual orientation, age, religious belief, national origin, marital status, physical or mental handicap, medical condition, or place of residence in providing any services under this Agreement.

G. County Lobbyists: Local Jurisdiction and each County lobbyist or County lobbying firm as defined in Los Angeles County Code Section 2.160.010, retained by Local Jurisdiction, shall fully comply with the County Lobbyist Ordinance, Los Angeles County Code Chapter 2.160. Failure on the part of Local Jurisdiction or any County lobbyist or County lobbying firm retained by Local Jurisdiction to fully comply with the County Lobbyist Ordinance shall constitute a material breach of this Agreement upon which County 15 may immediately terminate this Agreement.

H. Confidentiality: Local Jurisdiction must maintain the confidentiality of all records and information in accordance with all applicable Federal, State and local laws, rules, regulations, ordinances, directives, guidelines, policies and procedures relating to confidentiality, including, without limitation, County policies concerning information technology security and the protection of confidential records and information.

I. Public Records Act: Any documents submitted by Local Jurisdiction to the County become the exclusive property of the County. All such documents become a matter of public record and will be regarded as public records.

In the event the County is required to defend an action on a Public Records Act request for any of the aforementioned documents, information, books, and/or records, the Local Jurisdiction agrees to defend and indemnify the County from all costs and expenses, including reasonable attorney’s fees, in action or liability arising under the Public Records Act.

J. Termination:

1. Termination for Convenience: This Agreement may be terminated, in whole or in part, by either party for the convenience of that party.

Termination of work hereunder shall be effected by notice of termination specifying the extent to which performance of work is terminated and the date upon which such termination becomes effective.

2. Termination for Default: The County may terminate this Agreement immediately by written notice to Local Jurisdiction upon Local Jurisdiction's failure to comply with the provisions of this Agreement.

It is also understood and agreed that should the County determine that Local Jurisdiction's failure to perform relates to only part of the Project, the County, in its sole discretion, may elect to terminate only that part of the Agreement which shall in no way void or invalidate the rest of this Agreement.

3. Termination for Improper Consideration:
a. The County may, by written notice to Local Jurisdiction, immediately terminate the right of Local Jurisdiction to proceed under this Agreement if it is found that consideration, in any form, was offered or given by Local Jurisdiction, either directly or through an intermediary, to any County officer, employee, or agent with the intent of securing this Agreement or securing favorable treatment with respect to the award, amendment, extension of this Agreement, or the making of any determinations with respect to Local Jurisdiction's performance pursuant to this Agreement. In the event of such termination , the County shall be entitled to pursue those same remedies against Local Jurisdiction as it could pursue in the event of default by Local Jurisdiction.
b. Local Jurisdiction shall immediately report any attempt by a County officer or employee to solicit such improper
consideration. The report shall be made either to a County manager charged with the supervision of the employee or to the County Auditor-Controller's Employee Fraud Hotline at (800) 16 544-6861 or https://fraud.lacounty.gov/.
c. Among other items, such improper consideration may take the form of cash; discounts; services; the provision of travel, entertainment, or tangible gifts.

5. In the event of termination, Local Jurisdiction will provide a detailed report of expenditures and funds that had not been expended, contracted, or encumbered by Local Jurisdiction for use in carrying out the purposes of the Agreement prior to Local Jurisdiction's receipt of County's notification of termination. Local Jurisdiction shall reimburse County within thirty (30) days of the termination, the full monetary value of all funds already disbursed under this Agreement that had not been expended, contracted, or encumbered by Local Jurisdiction.

XV. NOTICES, REPORTS, INVOICES, AND APPROVALS
A. All notices, reports, invoices, and approvals shall be directed to and made by the following representatives of the parties:

To the County Representative:

Name: Clifton Trotter, County Project Manager
Email: [email protected]
And copy
[email protected]

To Local Jurisdiction Representative:

Name: Arlene Salazar, Director of Police Services
Email: [email protected]
B. Local Jurisdiction shall notify the County in writing within five (5) business days of any change in the names or email address above.

XVI. SEVERABILITY.

If any provision of this Agreement, or the application thereof, is held to be invalid, that invalidity shall not affect other provisions or applications of the Agreement that can be given effect without the invalid provision or application, and to this end the provisions of the Agreement are severable.

XVII. PHOTOGRAPHS, FOOTAGE, AND OTHER MEDIA MATERIALS.

The Local Jurisdiction represents and warrants that all photographs, videos, DVD's, footage, magazines, and other media materials provided to the County are either public record or have been legally procured without invading the copyright, ownership, or privacy rights of any individual. The Local Jurisdiction further agrees to defend, hold harmless, and indemnify the County Indemnitees from any and all liability arising from or related to the County's use of said photographs, videos, DVD's, footage, magazines, and other media materials.

XVIII. GOVERNING LAWS, JURISDICTION AND VENUE.

This Agreement shall be governed by and construed in accordance with the laws of the State of California. To the maximum extent permitted by applicable law, 17 Local Jurisdiction and the County agree and consent to the exclusive jurisdiction of the courts of the State of California for all purposes concerning this Agreement and further agree and consent that venue of any action brought in connection with or arising out of this Agreement, shall be exclusively in the County of Los Angeles.

XIX. COMPLIANCE WITH FAIR CHANCE EMPLOYMENT HIRING PRACTICES.

The Local Jurisdiction, and its contractors/subcontractors, must comply with fair chance employment hiring practices set forth in California Government Code Section 12952. Local Jurisdiction’s violation of this paragraph of the Agreement may constitute a material breach of the Agreement. In the event of such material breach, County may, in its sole discretion, terminate the Agreement.

XX. CAMPAIGN CONTRIBUTION PROHIBITION FOLLOWING FINAL DECISION IN CONTRACT PROCEEDING.

Pursuant to Government Code Section 84308, the Local Jurisdiction and its contractors/subcontractors, are prohibited from making a contribution of more than $250 to a County officer for twelve (12) months after the date of the final decision in the proceeding involving this Agreement. Failure to comply with the provisions of Government Code Section 84308 and of this Section, may be a material breach of this Agreement as determined in the sole discretion of the County.

XXI. RIGHTS AND REMEDIES NOT EXCLUSIVE.

The rights and remedies of the County provided in any given paragraph, as well as throughout the Agreement, are not exclusive and are cumulative with any and all other rights and remedies under the Agreement, at law, or in equity.

XXII. EXECUTION OF AGREEMENT AND AMENDMENTS.

This Agreement and any amendments thereto may be executed in counterpart originals, utilizing wet and/or electronic signatures, each of which shall be deemed to constitute an original Agreement or amendment, and all of which shall constitute one Agreement or amendment. The execution of one counterpart by any Party shall have the same force and effect as if that Party had signed all other counterparts.
18 IN WITNESS WHEREOF, Local Jurisdiction has executed this Agreement #HI-25-011, or caused it to be duly executed by its authorized representative, and the County of Los Angeles by order of its Board of Supervisors, has delegated the authority to execute this Agreement on its behalf by the Chief Executive Officer, or her designee, on the date and year written below.

COUNTY OF LOS ANGELES
By___
FESIA A. DAVENPORT Date
Chief Executive Officer
APPROVED AS TO FORM:

DAWYN R. HARRISON
County Counsel
By___
Senior Deputy County Counsel

SANTA FE SPRINGS
By _______________________________
Print Name _________________________
Title________________________ ___
19 EXHIBITS AND ATTACHMENTS

EXHIBITS
A. PROJECT DESCRIPTION AND BUDGET
B. RECOMMENDATIONS FOR MEASURE A GOALS
C. MEASURE A REGIONAL PLAN
D. BEST PRACTICES
E. QUARTERLY REPORTING TEMPLATE
20 EXHIBIT A

PROJECT DESCRIPTION AND BUDGET
Santa Fe Springs
HI-25-011
I. Overview
This Agreement between the County of Los Angeles (“County”) and Santa Fe Springs (“City”) allocates funds from the County’s Local Solutions Fund, which are authorized under Measure A to support local homelessness solutions, including prevention efforts, services, and affordable housing. The funds will support the City’s projects as outlined herein.

II. Project Description
1: Eligible Use Grouping: 1- Activities listed in this grouping are eligible uses of Measure A LSF and can be included in a SOW without the additional requirements as described in Groups 2 or 3. 1A: Eligible Use Expedited Placements in Permanent Housing for PEH Project Move-In Assistance Program (“Project”)
Project Description
The Move-In Assistance Program provides move-in
assistance for people experiencing homelessness
(“PEH”), including application fees, security deposits, household supplies, and utility payments, along with the assistance of case management and landlord supports. A
Housing Navigator will manage the use these funds to
assist PEH in expediting permanent housing placements.

Annual Project Specific Key
Performance Indicators (PSKPI) and Target Outcomes
(PS-TO)
PS-KPI: Number of PEH placed in permanent housing
with the use of move-in assistance
• PS-TO: 28 unduplicated PEH
PS-KPI: Number of PEH that remain in permanent
housing for a minimum of one year
• PS-TO: 14 unduplicated PEH
Measure A Goals and Target
Metric
Alignment with Measure A Goal #3: Increase the number of people permanently leaving homelessness.

Target Metric 3a: Increase by 57 percent the number of
service participants who exit homelessness to permanent housing from a baseline of 19,127 in fiscal year 2023-24 to a target of 30,000 in 2030.
21 1B: Eligible Use Expedited Placements in Permanent Housing for PEH Project Landlord Supports Program
Project Description The Landlord Supports Program will provide holding fees, mitigation funds, and incentives to landlords to encourage participation in housing PEH.

Project Specific Key
Performance Indicators (PSKPI) and Target Outcomes
(PS-TO)
PS-KPI: Number of permanent housing placements with
landlord support
• PS-TO: 8 unduplicated placements
PS-KPI: Number of permanent housing placements that
remain in the same unit with landlord support for a
minimum of one year
• PS-TO: 5 unduplicated placements
Measure A Goals and Target
Metric
Alignment with Measure A Goal #3: Increase the number of people permanently leaving homelessness.

Target Metric 3a: Increase by 57 percent the number of
service participants who exit homelessness to permanent housing from a baseline of 19,127 in fiscal year 2023-24 to a target of 30,000 in 2030.
22 1C: Eligible Use Interim Housing for PEH
Project Motel Vouchers
Project Description
The funds will be used to provide motel vouchers to
people experiencing homelessness (“PEH”) as a shortterm interim housing solution (a minimum of 1 day to a maximum of 5 days) during transition to permanent
housing and enrollment in the City’s case management.

Additionally, these funds may be used to provide motel
vouchers, as needed, to support coordination with other service providers assisting placement of Santa Fe Springs PEH in motels for no more than 7 days. These funds will be administered by the Housing Navigator.

Project Specific Key
Performance Indicators (PSKPI) and Target Outcomes
(PS-TO)
PS-KPI: Number of PEH that are provided a motel
voucher
• PS-TO: 30 unduplicated PEH
PS-KPI: Number of PEH recipients of motel vouchers that enroll in City case management
• PS-TO: 18 unduplicated PEH
Measure A Goals and Target
Metric
Alignment with Measure A Goal #1: Increase the number of people moving from encampments into permanent housing
to reduce unsheltered homelessness
Target Metric 1c: Increase by 32 percent the rate of people moving into interim housing from unsheltered settings from a baseline of 34 percent in fiscal year 2023-24 to a target of 45 percent in 2030.
2: Eligible Use Grouping: 2 - Activities listed in this grouping are eligible uses of Measure A LSF and can be included in a SOW if the local jurisdiction can demonstrate a maximized partnership with organizations that create connections to mainstream safety net programs supported by other funds from the County, State, and Federal Governments, including connections to medical and mental health care supported by state and federal programs as well as other entitlement programs. 23 2A: Eligible Use Case Management and Outreach Services Project Housing Navigator
Project Description
The funds will support a City-employed Housing Navigator who will coordinate interim housing placements through
motel vouchers, move-in assistance and services with the City’s field-based homeless services team/case manager
and other providers in Service Planning Area 7, Local
Coordinating Alliance 2.

Project Specific Key
Performance Indicators (PSKPI) and Target Outcomes
(PS-TO)
PS-KPI: Number of PEH placed in interim housing
• PS-TO: 25 unduplicated PEH
PS-KPI: Number of PEH placed in permanent housing
• PS-TO: 12 unduplicated PEH
Measure A Goals and Target
Metric
Alignment with Measure A Goal #1: Increase the number of people moving from encampments into permanent housing
to reduce unsheltered homelessness.

Target Metric 1c: Increase by 32 percent the rate of people moving into interim housing from unsheltered settings from a baseline of 34 percent in fiscal year 2023-24 to a target of 45 percent in 2030.
24 2B: Eligible Use Case Management and Outreach Services Project Case Manager
Project Description
The funds will support a City-employed Case Manager
who will coordinate with the Housing Navigator to provide supportive services, assist and coordinate with landlords, assist with move-ins, and manage motel voucher
placements for the City’s residents at risk of
homelessness
Project Specific Key
Performance Indicators (PSKPI) and Target Outcomes
(PS-TO)
PS-KPI: Number of PEH that enroll in City case
management services
• PS-TO: 24 unduplicated PEH
PS-KPI: Number of PEH that remained housed within one
year of enrolling in City Case Management services
• PS-TO: 18 unduplicated PEH
Measure A Goals and Target
Metric
Alignment with Measure A Goal #1: Increase the number of people moving from encampments into permanent housing
to reduce unsheltered homelessness.

Target Metric 1c: Increase by 32 percent the rate of people moving into interim housing from unsheltered settings from a baseline of 34 percent in fiscal year 2023-24 to a target of 45 percent in 2030.
3: Administrative
3A: Administrative
Project Homeless Services Supervisor
Project Description
The funds will be used to pay a City-employed Homeless
Services Supervisor who will provide assistance to PEH to expedite permanent housing placements by overseeing
the responsibilities of the Housing Navigator and providing any additional support.

Total Agreement Sum: $554,419
BUDGET
Move-In Assistance $140,000
Landlord Supports $68,977
Motel Vouchers $25,000
Housing Navigator $133,500
Case Manager $151,500
Homeless Services Supervisor $35,442
TOTAL AMOUNT $554,419
25 EXHIBIT B
26 27
28 29
30 31
32 33
34 35
36 37
38 39
40 41
42 43
44 45
46 47
48 49
50 51
52 53
54 55
56 57
58 59
60 61
62 63
64 65
66 67
68 69
70 71
72 73
74 EXHIBIT C - MEASURE A REGIONAL PLAN
(Insert Upon Execution)
75 EXHIBIT D - BEST PRACTICES
(Insert Upon Execution)
76 EXHIBIT E - QUARTERLY REPORTING TEMPLATE
(Insert Upon Execution)
#
Eligible
Use
Grouping Eligible Use Category
Program/Servic
e/Action
Group 2 & 3
Describe the connection/pairing to
LACAHSA or other County, State,
Federal funded programs Project Description Unit Price Quantity Quantity
Description
Sub
Agreemen
t
(if
applicable
)
Jurisdiction(s)
Served Population(s) Served
Project Specific Key
Performance Indicator (PSKPI)
Project
Specific
Target
Outcome
Project Specific Key Performance
Indicator (PS-KPI)2
Project
Specific
Target
Outcome2 Timeline Measure A Goal
Please list the Target
Metric this contributes to
Direct Program
Budget
Administrative
Costs
Administrative Costs
Description
Grand Total
Budget
1 1 Expedited Placements
in Permanent Housing
for PEH
Move-In
Assistance
N/A Funds will pay for move-in
assistance including app
fee, deposits and supplies,
utilities with the assistance
of case management and
landlord supports. These
funds will be used by the
Housing Navigator will use
these funds to assist PEH in
expediting permanent
housing placements.
$ 5,000 28 Households Santa Fe
Springs
PEH,
unaccompanied
individuals,
seniors, families
Number of PEH placed
in permanent housing
with the use of move-in
assistance
28 Number of PEH that remain
in permanent housing for a
minimum of one year
14 Annually Goal 3: Increase the
number of people
permanently leaving
homelessness
3a- Increase by 57%
the number of service
participants who exit
homelessness to
permanent housing
from a baseline of
19,127 in FY 23-24 to
a target of 30,000 in
2030
$ 140,000 $ 140,000
2 2 Case Management
and Outreach Services
Housing
Navigator
N/A Funds will pay for a Housing
Navigator to assist PEH in
expediting permanent
housing placements.
$ 118,140 0.3 FTE Santa Fe
Springs
PEH,
unaccompanied
individuals,
seniors, families
Number of permanent
housing placements
with landlord support
8 Number of permanent
housing placements that
remain in the same unit with
landlord support for a
minimum of one year
5 Annually Goal 3: Increase the
number of people
permanently leaving
homelessness
3a- Increase by 57%
the number of service
participants who exit
homelessness to
permanent housing
from a baseline of
19,127 in FY 23-24 to
a target of 30,000 in
2030
$ - $ 35,442 .30 FTE of City
employed
Homelessness
Services
Supervisor; .70
FTE to be paid
from City general
fund
$ 35,442
3 1 Expedited Placements
in Permanent Housing
for PEH
Landlord
Supports
Funds will pay for Landlord
Support: holding fees,
mitigation funds and
landlord incentives.
$ 8,622 8 Households Santa Fe
Springs
PEH,
unaccompanied
individuals,
seniors, families
Number of permanent
housing placements
with landlord support
8 Number of permanent
housing placements that
remain in the same unit with
landlord support for a
minimum of one year
5 Annually Goal 3: Increase the
number of people
permanently leaving
homelessness
3a- Increase by 57%
the number of service
participants who exit
homelessness to
permanent housing
from a baseline of
19,127 in FY 23-24 to
a target of 30,000 in
2030
$ 68,977 $ - $ 68,977
4 1 Interim Housing for
PEH
Motel
Vouchers
N/A Funds will pay for motel
vouchers for a minimum of
1 day to a max of 5 days
during a transition into
permanent housing and
enrollment in City case
management. This will also
be provided as needed to
provide coordination with
other providers that may
need assistance to place
SFS PEH in motel for no
more than 7 days. These
funds will be used by the
Housing Navigator.
$ 100 250 Motel
Voucher
Nights
Santa Fe
Springs
PEH
unaccompanied
individuals,
seniors, people
experiencing
mental illness
and/or substance
use disorder,
families
Number of PEH that are
provided a motel
voucher
30 Number of recipients of
motel vouchers that enroll
in City case management
18 Annually Goal 1: Increase the
number of people
moving from
encampments into
permanent housing to
reduce unsheltered
homelessness
1c-Increase by 32%
the rate of people
moving into interim
housing from
unsheltered settings
from a baseline of
34% in FY 23-24 to a
target of 45% in 2030
$ 25,000 $ 25,000

ATTACHMENT B
#
Eligible
Use
Grouping Eligible Use Category
Program/Servic
e/Action
Group 2 & 3
Describe the connection/pairing to
LACAHSA or other County, State,
Federal funded programs Project Description Unit Price Quantity Quantity
Description
Sub
Agreemen
t
(if
applicable
)
Jurisdiction(s)
Served Population(s) Served
Project Specific Key
Performance Indicator (PSKPI)
Project
Specific
Target
Outcome
Project Specific Key Performance
Indicator (PS-KPI)2
Project
Specific
Target
Outcome2 Timeline Measure A Goal
Please list the Target
Metric this contributes to
Direct Program
Budget
Administrative
Costs
Administrative Costs
Description
Grand Total
Budget
5 2 Case Management
and Outreach Services
Housing
Navigator
The housing navigator will
coordinate/refer to The
Whole Child, LA CADA,
Pacific Clinics, Whittier First
Day and work with PATH to
ensure the appropriate
housing options are
considered thru referral
process, CES, ongoing
meetings. The City
coordinates encampment
clean-ups and will continue
to coordinate to ensure PEH
are provided options for
interim housing
The City employed Housing
Navigator will coordinate
Interim Housing placement
using motel vouchers, movein assistance and services
with field-based City
Homeless Services
Team/case manager and
other providers in SPA 7,
LCA 2
$ 133,500 1 FTE Santa Fe
Springs
PEH
unaccompanied
individuals,
seniors, people
experiencing
mental illness
and/or substance
use disorder,
families
Number of PEH placed
in interim housing
25 12 Annually Goal 1: Increase the
number of people
moving from
encampments into
permanent housing to
reduce unsheltered
homelessness
1c-Increase by 32%
the rate of people
moving into interim
housing from
unsheltered settings
from a baseline of
34% in FY 23-24 to a
target of 45% in 2030
$ 133,500 $ 133,500
6 2 Case Management
and Outreach Services
Case
Manager
The City Community
Services Department has
submitted request for
services utilizing LA-HOP,
requests to Dept of Mental
Health, Pacific Clinics for
outreach /housing
placement during
encampment clean-ups.

Coordinating through
partnership meetings hosted
by SFS, participating in
GWCOG Homeless TAC
The City employed case
manager will coordinate
with housing navigator for
supportive services and
assist with coordination
with landlord supports,
move-in and motel voucher
management for Santa Fe
Springs resident on verge of
homelessness
$ 151,500 1 FTE Santa Fe
Springs
families,
unaccompanied
individuals,
seniors
Number of individuals
that enroll in City case
management services
24 Number of individuals that
remained housed within one
year of enrolling in City Case
Management services
18 Annually Goal 1: Increase the
number of people
moving from
encampments into
permanent housing to
reduce unsheltered
homelessness
1c-Increase by 32%
the rate of people
moving into interim
housing from
unsheltered settings
from a baseline of
34% in FY 23-24 to a
target of 45% in 2030
$ 151,500 $ 151,500
8 Grand Total $ 554,419
Updated as of 4/3/25
HOA.105252545.1
Measure A Local Solutions Fund Eligible Uses

1. Purpose

1.1 Purpose & Audience
To provide Local Jurisdictions and Councils of Government (COG) in LA County with clear guidance regarding eligible uses of the Measure A Local Solutions Fund (LSF). The information in this document should inform the creation of Statements of Work (SOW) based on each jurisdiction LSF allocation, if applicable. The audience for this document is the primary point of contact in each Jurisdiction and COG responsible for collaborating on a SOW.

2. Introduction

2.1 Introduction & Approach
The following framework seeks to provide clear and tangible guidance to jurisdictions to promote the strategic use of the Local Solutions Fund (LSF) for eligible uses and activities that support Measure A goals and target metrics. The following guidance creates 1) three categories, or "groupings," of eligible uses of LSF for strategic investments and 2) provides a performance-based framework* i applicable to
potential future fiscal year incentive funds through LSF. 2 of 14
HOA.105252545.1
CEO HI has recommended the creation of an LSF Incentive Fund based on potential underspending, between the launch of the LSF and 2027. If approved by the Board of Supervisors, those available funds would be directed to jurisdictions who opted for investments in Group 1, as defined below, starting in 2027.

To read the Measure A ordinance, click here
For more Information about Los Angeles County Affordable Housing Solutions Agency (LACAHSA), click here

1.2 LSF SOW Allowable Activities
Please find below the following allowable activities by category for LSF investments. • Group 1: Eligible Uses of LSF: Activities listed in this grouping are eligible uses of Measure A LSF and can be included in a SOW without the additional requirements as described in Groups 2 or 3. Group 1 activities are high-impact uses of the LSF that directly contribute to achieving Measure A Goals 1 (reduce unsheltered homelessness) and 3 (increase permanent housing placements) and related Board adopted Target Metrics.
• Group 2: Eligible Uses of LSF through maximizing partnerships with Local, State, or Federally Funded Organizations: Activities listed in this grouping are eligible uses of Measure A LSF and can be included in a SOW if the local jurisdiction can demonstrate a maximized partnership with organizations that create connections to mainstream safety net programs supported by other funds from the County, State, and Federal Governments, including connections to medical and mental health care supported by state and federal programs as well as other entitlement programs. • Group 3: Eligible Uses of LSF if braided1
ii with LACAHSA Funding: Activities listed in this grouping are eligible uses of Measure A LSFs and can be included in a SOW if the local jurisdiction can demonstrate an intent to braid/pair LSF Funding with eligible LACAHSA funding to serve people experiencing, or at imminent risk of homelessness.

Please see the following sections for more description of eligible activities. 3 of 14
HOA.105252545.1

2. Eligible Activities
The following table identifies the eligible activities for the LSF, indicating three groupings of eligible uses based on the criteria the County will use to determine whether the activity can be included in an LSF SOW.

2.1 Eligible Uses of Local Solutions Funding Chart
Group 1:

Eligible Uses of LSF
Group 2:

Eligible Uses of LSF through
maximizing partnerships with
Local, State, or Federally funded
organizations
Group 3:

Eligible Uses of LSF if braided
with LACAHSA Funding
Homeless Prevention
• Financial assistance, legal aid, dispute
resolution, and case management
Permanent Housing for People
Experiencing Homelessness (PEH)
• Construction
• Acquisition
o Master Leasing
Enhanced Emergency & Interim Housing
• Recuperative Care
• Enriched Residential Care
Mental Health Services
• Assessment
• Outpatient therapy/counseling services
• Psychiatric care/medication management
Construction of new Affordable Housing
Preservation of Affordable Housing
Prevention of Housing Loss through
Tenant Protection and Support Programs
Planning and Technical Assistance
related to Affordable Housing and Land
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• Conversion
• Operating Subsidies
• Flexible Rental Subsidies
o Time Limited Subsidies
o Rapid Re-Housing
o Shallow Subsidies
Interim Housing for PEH
• Construction
• Acquisition
• Conversion
• Capital Investments
• Operating Subsidies
• Motel Vouchers
Expedited Placements in Permanent Housing
for PEH
• Move-In Assistance
• Landlord Supports
o Landlord Engagement
o Holding Fees
o Mitigation Funds
o Landlord Incentives
• Problem Solving
• Reunification
• Crisis intervention/emergency response
• Case management
Substance Abuse Services
• Outpatient Care & Residential Treatment
• Medication Assisted Treatment (MAT)
• Withdrawal Management (Detox)
• Harm Reduction
Case Management & Outreach Services
• Domestic Violence Case Management
• Case Management Services for Permanent
Supportive Housing
o Housing Navigation
o Intensive Case Management Services
(ICMS)
• Case Management Services to rehouse
people impacted by the criminal legal system
• Outreach Services Provided by MultiDisciplinary Teams (MDT) Use
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Employment Services for PEH
• Support for Social Enterprises
• Supported Employment
Enhanced Services for TAY and Children
experiencing or at risk of homelessness
Description of Measure A – LSF Eligible Uses of Funding:

The following activities are eligible uses of local funding under Measure A’s mandatory ≥15% allocation to the LSF for Comprehensive Homelessness Services. Note that all eligible uses can be targeted to sub-populations experiencing homelessness described in the measure (i.e., seniors, families with children, unaccompanied individuals, veterans, people fleeing domestic violence, people with mental illness and/or substance use disorder, justice-involved individuals, transition-age youth, and children). Per the measure funding for programs and services should be allocated according to need and equityiii. Using an equity lens reduces racial disparities and the disproportionate impact of homelessness and housing insecurity for critical populations.
• Homeless prevention programs provide financial assistance, legal aid, dispute resolution, and case management to prevent individuals and families from losing their housing, targeting those at imminent risk of eviction or homelessness. • Permanent Housing provides safe permanent accommodations and limited services for people who are exiting sheltered or unsheltered homelessness. These are usually market-rate apartments but come in varying typologies (e.g., Single Resident Occupancy, shared housing, tiny homes with in-unit kitchens and bathrooms, modular units, Accessory Dwelling Units, and scattered-site housing). All permanent housing units should be designed to accommodate different household sizes, accessibility needs, and service levels. Permanent housing sites can sometimes serve specific subpopulations of people exiting homelessness, like veterans, depending on the funding source. Eligible uses of LSF funding for permanent housing include:
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o Permanent Housing Construction activities support the costs of building the interior and/or exterior of permanent housing projects for PEH, including the cost of building permits and fees. o Permanent Housing Acquisition includes Leasing and/or purchasing entire buildings and individual apartments to quickly and permanently house PEH through a range of incentives offered to property owners and developers to facilitate increased usage of tenant based rental subsidies. ▪ Permanent Housing Master Leasing is a type of acquisition that supports multi-year agreements between service providers and owners of multi-unit buildings. These agreements provide owners with financial support for building property management, repairs and maintenance, and vacancies in exchange for providing affordable rental units to individuals and families.
o Permanent Housing Conversion activities support the costs associated with changing or adapting the use of residential or commercial property to provide permanent housing to PEH and/or those at risk of experiencing homelessness. This can include costs associated with legal, regulatory, feasibility, financing, and structural actions needed to complete the conversion.
o Permanent Housing Operating Subsidies support the ongoing costs of operating a permanent housing site for PEH, to make the site more affordable to the tenant. They help cover the costs like administration, insurance, utilities, maintenance, and security and are often layered with other forms of financial assistance to maximize affordability for the tenant. This can also support the costs associated with fiscal agent and property manager vendors to appropriately track invoices, accounts receivable/payable, maintenance and work orders, occupancy/vacancy of units, proof of property ownership, data and technology tools, and consulting for infrastructure development.
o Permanent Housing Flexible Rent Subsidies include various forms of financial assistance to make rent more affordable for people experiencing homelessness, with the goal of ensuring they have access to market rate housing. At the federal level, housing subsidies include the Housing Choice Voucher Program (HCVP) and Veterans Affairs Supportive Housing (VASH), which are issued and administered by local Public Housing Authorities. In Los Angeles County, locally funded housing subsidies include:
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▪ Time-Limited Subsidies (TLS) are temporary tenant-based rental assistance (typically 3–24 months) that help households secure and stabilize in housing. Support often includes rent payments, case management, and housing navigation. This includes programming such as Rapid Rehousing, as well as shallow subsidies to reduce rent burden for low-income households.
▪ Rapid-Rehousing Subsidies are a form of TLS that provides up to two years of progressive financial assistance to help households quickly exit homelessness and achieve stable housing. In some cases, financial assistance begins to taper off as the household gains employment or other income supports. ▪ Shallow Subsidies are a form of TLS that provides financial assistance for 35-40% of a household's monthly rent for a period of up to five years, as well as limited case management and housing-focused supportive services. It is designed to assist households who have successfully completed TLS or prevention programs but cannot maintain their housing stability without a small amount of assistance due to the high cost of rent. • Interim Housing provides safe temporary accommodations and services for people who otherwise have nowhere to spend the night. These may be congregate or non-congregate settings, and come in varying typologies (e.g., congregate buildings, multi-family units with shared living spaces, hotels/motels, tiny homes with shared kitchens and bathrooms, sprung structures, transitional housing, and safe parking sites). Some interim housing sites serve specific sub-populations (e.g., veterans, gender-specific, domestic violence victims, people with substance use disorder and/or mental illness, etc.).

Eligible uses of LSF funding for ensuring a stable supply of Interim/Bridge housing includes:
o Interim Housing Construction activities support the costs of building the interior and/or exterior of interim housing projects for PEH, including the cost of building permits and fees. o Interim Housing Acquisition includes the leasing and/or purchasing rooms, units, and/or buildings to quickly and safely shelter PEH in Interim Housing in accordance with LA County’s Interim Housing Minimum Service and Operations Practice Standards.
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o Interim Housing Conversion supports the costs associated with changing or adapting the use of residential or commercial property to provide interim housing to PEH. This can include costs associated with legal, regulatory, feasibility, financing, and structural actions needed to complete the conversion. o Interim Housing Capital Investments support the one-time improvement of interim housing assets that are expected to be used for an extended period to meet the housing needs of PEH. These long-term investments include the purchase of land and/or buildings, construction/renovation costs, durable equipment, and financing costs.
o Interim Housing Operating Subsidies support the ongoing costs of operating an interim housing site for PEH, to make the site more affordable to the provider. They help cover the costs like administration, insurance, utilities, maintenance, and security and are often layered with other forms of financial assistance to minimize costs to the interim housing provider.
o Interim Housing Motel Vouchers provide free, or reduced rate, motel stays to PEH to cover the cost of staying in a hotel or motel for a short period, usually a few days to a week. Motel vouchers are often used as a temporary safety net during difficult times like extreme weather or when someone is fleeing intimate partner violence. • Expedited Placements in Permanent Housing includes a group of activities that increase the likelihood of successful exits from homelessness through quick reconnection permanent housing, which includes:
o Move-In Assistance includes the cost of application fees, security deposits, household furniture and supplies, utility setup, and moving costs for PEH transitioning into permanent housing. o Landlord Supports include activities that attract, retain, and support a deep network of landlords with an inventory of units willing to partner with the homeless services system to house PEH. This includes:
▪ Landlord Engagement Direct outreach and relationship-building efforts to recruit and retain landlords in housing programs. Support can include education, mediation, and technical assistance. 9 of 14
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▪ Holding Fees: Financial incentives that compensate landlords for reserving units while tenants complete the leasing process, reducing vacancy loss and increasing access for homelessness assistance programs. ▪ Mitigation Funds Risk-reduction funding that reimburses landlords for damages, unpaid rent, or excessive turnover costs, making rental programs more attractive to property owners. ▪ Landlord Incentives Financial and non-financial benefits, such as leasing incentive payments, expedited inspections, and dedicated landlord support to encourage participation in rental assistance programs. o Problem Solving is a flexible, client-driven approach to resolving housing crises without requiring interim housing entry. Mediation, resource navigation, negotiation, and targeted financial assistance help individuals secure or maintain immediate, sustainable housing.
o Reunification includes support for consensual reconnection of individuals with family or social networks who have agreed to provide stable housing. Assistance can include mediation, travel costs, and short-term financial help to ensure sustainability.
• Employment Services includes activities related to job training, resume assistance, career counseling, and connections to employers specifically tailored to help people experiencing homelessness receive and remain gainfully employed. This can include:
o Support for the Regional Initiative for Social Enterprises (LA-RISE), which unite local and County workforce development systems with employment social enterprises to assist people experiencing homelessness with employment.
o Subsidized Employment includes financial support for an employer to cover part or all of a worker’s wages if hiring individuals experiencing homelessness.
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• Enhanced Services for TAY and Children includes specialized support programs designed to help young people in the foster care, juvenile justice, or facing homelessness have safe place to be and can transition successfully into adulthood.

These services address housing, employment, education, and mental health needs to help young people achieve stability and may include housing and shelter support, employment and education assistance, mental health and wellness services, food and basic needs support, case management and life skills development, and crisis and drop-in centers. Note, there are opportunities to partner with the County’s Department of Youth Development (DYD).

The following activities are eligible uses of local funding under Measure A’s mandatory ≥15% allocation to the LSF for Comprehensive Homelessness Services. However, these activities are also eligible uses of California’s Medi-Cal, My Health LA, Drug Medi-Cal, and Mental Health Services Act (MHSA) funding, and there is an established network of qualified providers capable of maximizing local dollars (including Measure A and J dollars) by leveraging county, state, and federal resources in the course of delivering these services. Therefore, the following activities would only be included in an LSF SOW if the local jurisdiction can demonstrate (a) the service will be provided by an entity with the current ability to leverage eligible local, state, and federal dollars for the activity; and (b) the delivery of this service or activity will not duplicate an existing service already provided by the County and its funded partners in the health, behavioral health, justice involved, and homeless response systems.
• Enhanced Emergency & Interim Housing refers to any interim housing program that is integrated with targeted/enhanced supports for households with specific needs. This may include on-site clinical support for medical and behavioral health issues, substance abuse recovery programming for those engaged in treatment, or domestic violence support for individuals fleeing with or without children. This also includes enriched residential care facilities for people experiencing or at high risk of experiencing homelessness who require 24/7 care and supervision in a licensed setting. • Mental Health Services include assessment, outpatient therapy/counseling services, psychiatric care/medication management, crisis intervention/emergency response, and case management. The focus of these services is to reduce symptoms and increase independent functioning to promote housing retention and treatment compliance, specifically tailored to people experiencing homelessness with mental health challenges. Note that individuals diagnosed with Serious Mental Illness (SMI) are eligible for all of these services through the County’s Department of Mental Health and its contracted agencies. Those not diagnosed with SMI are eligible for some mental health services through their Medi-Cal provider.
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• Substance Use Services include an array of services specifically tailored to people experiencing homelessness living with substance use disorder. Note that individuals with substance use disorder are eligible for many of these services through the County’s Substance Abuse Prevention and Control (SAPC) program and its 150 contracted agencies. These services include:
o Outpatient Care & Residential Treatment provides assessment, therapy/counseling services, case management, crisis intervention, peer services, and connections to recovery housing and long-term recovery programs.

Outpatient care does not require an overnight stay whereas residential treatment is offered in a short-term living environment and provides 24-hour care and support.
o MAT programs facilitate the use of medication to reduce harm caused by opioid and alcohol use. When prescribed by a doctor, these medications (e.g., methadone, buprenorphine, naloxone, and disulfiram) can reduce cravings and minimize withdrawal symptoms.
o Detox includes the medical and phycological care of people experiencing withdrawal symptoms as a result of stopping or reducing use of a drug they are dependent on. Services are offered for a short period and may be provided in the community setting or in settings with 24-hour care depending on the severity. o Harm Reduction activities are evidence-based strategies such as syringe exchange, overdose prevention, and safer-use supplies to reduce health risks for individuals experiencing homelessness who use substances while providing pathways to care.
• Case Management and Outreach Services include dedicated trained trauma informediv staff providing personalized housing-focused support, resources, and advocacy to/for individuals experiencing homelessness, including assisting with collecting documentation and accessing housing, employment, and public benefits. Note that LA County, local jurisdictions, and the four Continuum’s of Care already leverage local, state, and federal funding to provide a large network of homeless service providers and outreach teams capable of delivering these services, which include:
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o Domestic Violence Case Management Services typically include legal aid and counseling services to help survivors escape dangerous situations and rebuild stable lives. These services recognize that domestic violence is a leading cause of homelessness, especially for women and children. Services can include personalized safety planning, assistance obtaining protective orders, help with restraining orders, child custody, and divorce proceedings; advocacy in housing rights, ensuring survivors are not penalized for breaking a lease to escape abuse; helping secure employment, childcare, and education, trauma-informed counseling and mental health services, connection to public benefits; and help with credit repair, budgeting, and financial planning. Domestic violence case management services can be paired with interim housing and permanent housing assistance to get survivors safely rehoused.
o Case Management Services for Permanent Supportive Housing include a wide array of housing-focused supportive services for people exiting homelessness into permanent housing. These services include:
▪ Housing Navigation is a key component of case management services and includes assisting individuals experiencing homelessness with finding and securing safe and stable housing. Housing Navigation providers focus on building relationships with landlords, helping clients gather the necessary documents to complete rental applications, and coordinating the application process through successful move in. Note that housing navigation services are a Medi-Cal eligible support under California Advancing and Innovating Medi-Cal (CalAIM).
▪ ICMS is a service provided to households enrolled in Permanent Supportive Housing, which is an evidencebased practice that combines a long-term subsidy with services that ensure housing stability for people with complex needs. ICMS services often start with crisis intervention and referrals to mental and physical healthcare services, then transition to stability-focused services like community building, eviction prevention, tenancy supports, connection to disability benefits, assistance with life skills, financial literacy, animal care skills, job skills, and helping residents access volunteer, educational, and vocational opportunities. LA County manages the locally funded ICMS program through a contracted network of ICMS providers. o Case Management Services to rehouse people impacted by the criminal legal system includes a suite of activities that seek to improve the health and wellbeing of justice-involved individuals by providing care 13 of 14
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management and service navigation. Community health workers with lived experience of justice system involvement support individuals by determining their needs and making connections to relevant organizations and services. Note that Reentry Intensive Case Management Services (RICMS) are delivered through LA County’s Justice Care and Opportunities Department (JCOD) and its contracted network of providers. o MDT are street-based, mobile teams that provide direct engagement and trust-building, provide health and behavioral health service connections, assist with document readiness and housing navigation, and provide case management to individuals living in encampments or other unsheltered locations. Note the County funds and manages a network of MDTs in every Service Planning Area (SPA) in partnership with contracted providers.

The following activities are eligible uses of local funding under Measure A’s mandatory ≥15% allocation to the LSF for Comprehensive Homelessness Services, in light of Measure A’s mandatory 35.75% allocation to the LACAHSA, which is required to distribute 70% of its revenue to eligible jurisdictions in accordance with Senate Bill 679. Therefore, the following activities would only be included in an LSF SOW if the local jurisdiction can demonstrate (a) the funding will be paired with LACAHSA funding for an aligned purpose; or (b) relevant LACAHSA funding is not available to the jurisdiction and/or its Council of Governments (COG) during the funding period; and (c) the funded activity would support people experiencing, or at imminent risk of, homelessness.
• Construction of new Affordable Housing includes the material and labor costs of building the interior and/or exterior of affordable housing projects, including the cost of building permits and fees. • Preservation of Affordable Housing includes the costs associated with the acquisition, rehabilitation, and maintenance of affordable and public housing stock to keep it habitable, safe, and affordable. It also includes efforts to extend and enforce affordability restrictions, providing financial assistance for property owners to incentivize affordability, and supporting community land trusts and non-profit ownership models. • Prevention of Housing loss through Tenant Protection and Support Programs includes strengthening eviction protections, tenant rights education, enforcing fair housing policies to prevent discrimination, offering legal aid and dispute resolution services to at risk tenants, and providing emergency rental assistance to prevent eviction and homelessness. 14 of 14
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• Planning and Technical Assistance related to Affordable Housing and Land Use includes but is not limited to, supporting innovative solutions to reduce barriers to affordable housing and to accelerate its production and preservation.

Administrative Costs
Reasonable leveraged administrative costs to implement and operate these programs can be considered for contract administration and project/program management. All administrative costs should be derived from the total LSF allocation provided, and not in addition to.

ENDNOTES & DEFINITIONS
i
. A Performance-based incentive framework measures how effectively and efficiently these funds are used to serve the public intended.

Essentially, the key concept emphasizes managing for results, not the process of providing services. The ultimate goals are to increase accountability, improve management, and ensure efficient resource allocation. ii Braided Funding is defined as combining two or more sources of funding to support a program or activity. An example would be utilizing LACAHSA funding to create units of affordable housing and braiding the Local Solutions Fund for a number of units for people experiencing homelessness to meet the overall goal of reducing homelessness. iii Equity is the acknowledgment that each person has different circumstances and backgrounds and starts from a different place. Equity is the concept that differences matter and that systems must be balanced to distribute resources and opportunities needed to reach equal outcomes by treating everyone justly according to their circumstances. Equity is both an outcome and a practice. iv Trauma Informed Care (TIC) is an approach to healthcare, social services, programs, and other systems that recognizes the widespread impact of trauma and seeks to prevent re-traumatization while providing safe and supportive environments for healing.

Formula: 90% Multi-Year (23/24) Avg. PIT Count + 10% ACS Proxy Measure A – Local Solutions Fund
FY 25-26 Allocations 3/26/25
All Cities with respective PIT, ACS, and Grand Total Allocations and Percentages * - Asterisk is indicative of cities that have so far confirmed Direct Agreements 90% PIT allocation Grand Total
10% allocated using
Funding Receipient ACS Proxy
Supervisorial
City (Alpha Order) District
Agoura Hills 3 LVMCOG $ 47,861 $ 23,184 $ 71,046
Alhambra 1 SGVCOG $ 75,149 $ 103,691 $ 178,840
Arcadia 5 SGVCOG $ 79,213 $ 143,349 $ 222,562
Artesia 4 GWCCOG $ 35,665 $ 33,425 $ 69,090
Avalon 4 GWCCOG $ 49,698 $ - $ 49,698
Azusa 1 SGVCOG $ 101,012 $ 186,626 $ 287,639
Baldwin Park* 1 Baldwin Park $ 70,006 $ 359,712 $ 429,718 Bell Gardens 1 GWCCOG $ 107,972 $ 168,832 $ 276,804
Bell 1 GWCOG $ 103,791 $ 466,673 $ 570,464
Bellflower 4 GWCCOG $ 87,128 $ 313,965 $ 401,093
Beverly Hills 3 WSCCOG $ 108,129 $ 30,407 $ 138,536
Bradbury 5 SGVCOG $ 42,297 $ - $ 42,297
Burbank 5 Burbank $ 48,841 $ 331,867 $ 380,708
Calabasas 3 LVMCOG $ 115,543 $ 16,152 $ 131,696
Carson 2 SBCCOG $ 66,220 $ 230,044 $ 296,264
Cerritos 4 GWCCOG $ 39,863 $ 184,035 $ 223,899
Claremont 5 SGVCOG $ 31,383 $ 33,320 $ 64,703
Commerce 4 GWCCOG $ 139,593 $ 219,845 $ 359,438
Compton 2 GWCCOG $ 157,594 $ 567,357 $ 724,951
Covina 1 SGVCOG $ 42,836 $ 95,253 $ 138,089
Cudahy 1 GWCCOG $ 154,608 $ 36,888 $ 191,497
Culver City 2 WSCCOG $ 11,444 $ 313,509 $ 324,953
Diamond Bar 1 SGVCOG $ 103,245 $ 47,909 $ 151,154
Downey* 4 Downey $ 92,423 $ 409,772 $ 502,195
Duarte 5 SGVCOG $ 18,699 $ 48,839 $ 67,538
El Monte* 1 El Monte $ 108,194 $ 445,910 $ 554,104
El Segundo 2 SBCCOG $ 46,299 $ 32,769 $ 79,068
Gardena 2 SBCCOG $ 94,766 $ 208,467 $ 303,233
Glendale* 5 Glendale $ 196,289 $ 238,689 $ 434,979
Glendora 5 SGVCOG $ 52,422 $ 137,014 $ 189,436
Hawaiian Gardens 4 GWCCOG $ 51,108 $ 71,071 $ 122,179
Hawthorne 2 SBCCOG $ 131,782 $ 281,415 $ 413,197
Hermosa Beach 2 SBCCOG $ 63,205 $ 25,887 $ 89,092
Hidden Hills 3 LVMCOG $ 73,607 $ - $ 73,607
Huntington Park 1 Pending $ 162,680 $ 284,145 $ 446,824 Industry 1 SGVCOG $ - $ 84,712 $ 84,712
Inglewood 2 SBCCOG $ 139,139 $ 612,670 $ 751,809
Irwindale 1 SGVCOG $ 26,812 $ 313,440 $ 340,252
La Cañada Flintridge 5 SGVCOG $ 15,291 $ 9,143 $ 24,433 La Habra Heights 4 GWCCOG $ 34,161 $ - $ 34,161
La Mirada 4 GWCCOG $ 26,035 $ 47,931 $ 73,967
La Puente 1 SGVCOG $ 74,102 $ 62,183 $ 136,285
La Verne 1, 5 SGVCOG $ 68,604 $ 24,515 $ 93,119
Lakewood 4 GWCCOG $ 54,348 $ 115,434 $ 169,782
Lancaster* 5 Lancaster $ 282,871 $ 2,126,730 $ 2,409,601 Lawndale 2 SBCCOG $ 32,367 $ 79,340 $ 111,707
Lomita 4 SBCCOG $ 28,354 $ 34,880 $ 63,235
Long Beach* 4 Long Beach $ 345,315 $ 4,520,382 $ 4,865,698 Los Angeles* 1,2,3,4,5 Los Angeles $ 2,121,002 $ 52,808,639 $ 54,929,640 Lynwood 4 GWCCOG $ 114,567 $ 251,462 $ 366,029
Malibu 3 LVMCOG $ 131,857 $ 159,584 $ 291,441
Formula: 90% Multi-Year (23/24) Avg. PIT Count + 10% ACS Proxy Measure A – Local Solutions Fund
FY 25-26 Allocations 3/26/25
All Cities with respective PIT, ACS, and Grand Total Allocations and Percentages * - Asterisk is indicative of cities that have so far confirmed Direct Agreements 90% PIT allocation Grand Total
10% allocated using
Funding Receipient ACS Proxy
Supervisorial
City (Alpha Order) District
Manhattan Beach 2 SBCCOG $ 16,603 $ 24,556 $ 41,159
Maywood 1 GWCCOG $ 135,945 $ 50,169 $ 186,114
Monrovia 5 SGVCOG $ 28,565 $ 66,153 $ 94,718
Montebello* 1 Montebello $ 105,698 $ 512,029 $ 617,727
Monterey Park 1 SGVCOG $ 118,619 $ 125,866 $ 244,485
Norwalk 4 GWCCOG $ 67,560 $ 312,743 $ 380,303
Palmdale* 5 Palmdale $ 194,636 $ 1,463,464 $ 1,658,099
Palos Verdes Estates 4 SBCCOG $ 43,819 $ - $ 43,819
Paramount 4 GWCCOG $ 88,534 $ 89,675 $ 178,208
Pasadena* 5 Pasadena $ 131,676 $ 735,796 $ 867,473
Pico Rivera 1 GWCCOG $ 77,734 $ 312,731 $ 390,465
Pomona* 1 Pomona $ 193,707 $ 948,784 $ 1,142,491
Rancho Palos Verdes 4 SBCCOG $ 32,458 $ 5,237 $ 37,695
Redondo Beach 2 SBCCOG $ 43,421 $ 152,833 $ 196,254
Rolling Hills 4 SBCCOG $ 38,530 $ - $ 38,530
Rolling Hills Estates 4 SBCCOG $ 22,904 $ 1,668 $ 24,572 Rosemead 1 SGVCOG $ 58,078 $ 150,527 $ 208,605
San Dimas 5 SGVCOG $ 54,399 $ 70,291 $ 124,691
San Fernando 3 San Fernando $ 53,290 $ 77,069 $ 130,358 San Gabriel 1, 5 SGVCOG $ 92,322 $ 74,220 $ 166,541
San Marino 5 SGVCOG $ 116,211 $ 3,569 $ 119,779
Santa Clarita* 5 Santa Clarita $ 107,133 $ 369,012 $ 476,145 Santa Fe Springs* 4 Santa Fe Spring $ 46,097 $ 508,323 $ 554,419 Santa Monica* 3 Santa Monica $ 99,088 $ 1,122,527 $ 1,221,616 Sierra Madre 5 SGVCOG $ 69,897 $ 633 $ 70,530
Signal Hill 4 GWCCOG $ 35,334 $ 117,120 $ 152,454
South El Monte 1 SGVCOG $ 26,629 $ 118,580 $ 145,209
South Gate* 1 South Gate $ 82,004 $ 413,737 $ 495,742
South Pasadena 5 SGVCOG $ 45,840 $ 42,568 $ 88,408
Temple City 5 SGVCOG $ 85,791 $ 25,085 $ 110,876
Torrance* 4 Pending $ 91,009 $ 467,561 $ 558,570
Vernon 1 GWCCOG $ - $ 47,508 $ 47,508
Walnut 1 SGVCOG $ 110,893 $ 8,974 $ 119,867
West Covina 1 SGVCOG $ 98,980 $ 248,722 $ 347,702
West Hollywood 3 WSCCOG $ 21,697 $ 135,604 $ 157,301
Westlake Village 3 LVMCOG $ 51,281 $ 1,267 $ 52,547
Whittier 1, 4 GWCCOG $ 77,756 $ 267,109 $ 344,864
COG Allocations
Gateway Cities COG GWCCOG $ 5,759,795
Las Virgenes Malibu COG LVMCOG $ 620,337
Southbay Cities COG SBCCOG $ 2,489,634
San Fernando Valley COG SFVCOG $ -
San Gabriel Valley COG SGVCOG $ 3,862,471
Westside Cities COG WSCCOG $ 620,790
Unincorporated Areas Allocations
Unincorporated Areas SD1 1 $ 93,355 $ 1,510,050 $ 1,603,405 Unincorporated Areas SD2 2 $ 93,355 $ 4,455,303 $ 4,548,657 Unincorporated Areas SD3 3 $ 93,355 $ 235,230 $ 328,584 Unincorporated Areas SD4 4 $ 93,355 $ 714,676 $ 808,031 Unincorporated Areas SD5 5 $ 93,355 $ 3,398,659 $ 3,492,014 GRAND TOTAL $ 9,636,300 $ 86,726,700 $ 96,363,000
ITEM # 9

CITY OF SANTA FE SPRINGS

CITY COUNCIL AGENDA STAFF REPORT
TO: Honorable Mayor and City Council Members
FROM: René Bobadilla, P.E., City Manager
BY: Julio F. Morales, Director of Finance
SUBJECT: TREASURER’S REPORT OF INVESTMENTS FOR THE QUARTER ENDED MARCH 31, 2025
DATE: June 3, 2025
RECOMMENDATION(S):

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

FISCAL IMPACT
Investment earnings for the quarter ended March 31, 2025 amounted to $834,288.

BACKGROUND/DISCUSSION
As of March 31, 2025, the City had approximately $121.8 Million in operating funds and reserves are held and maintained in a variety of accounts, held in LAIF, CLASS, Bank of Montreal (BMO), Farmers and Merchant Bank (F&M), BlackRock and individual investments held in custody by Charles Schwab, Inc. These monies, collectively, represent operating funds and reserves for the City’s General Fund, grant programs, and various special revenue funds.

Commencing in August of 2024, the City began the process of City transferring responsibility to manage the City’s operating and reserve funds (“managed portfolio”) from Public Financial Management (“PFM”) to the Shuster Advisory Group, LLC (“Shuster”). The managed portfolio holdings that was overseen by PFM were held by US Bank. The starting balance in this portfolio as of January 1, 2025 was $73,947,850. These monies together with $14 million from CLASS were transferred into the newly established portfolio with BlackRock managed by Shuster in February 2025.

CITY COUNCIL AGENDA REPORT – MEETING OF JUNE 3, 2025
Treasurer’s Report of Investments for the Quarter Ended March 31, 2025

Page 2 of 4 ends

Shuster currently serves as Trust Administrator and Investment Advisor/Consultant for the managed portfolio. Charles Schwab serves as the custodian for these accounts, which performs all trade activity, reporting, and paying agent. Alta Trust serves as the Trustee, which assists in safekeeping of assets and all federal and state compliance reporting.

The market value of the City’s investment holding, as of March 31, 2025, are as follows:

Amount Investment / Institution
Managed Portfolio $85,620,909 BlackRock
Operating Funds $5,395,915 LAIF
Operating Funds $23,679,965 CLASS
Individual Investments $1,367,051 CDs
Bank Balance $3,513,555 Farmers & Merchant
Bank Balance $2,268,416 Bank of Montreal (BMO)
TOTAL $121,845,811
A portion of invested funds are designated for certain purposes, as outlined in the City’s adopted Reserve Policies. Other funds are legally restricted, in accordance with specific grant or program guidelines. This report does not provide a breakdown of the allocation of monies among funds, uses, or programs - it simply provides a summary on monies held for investment and earning realized over the past quarter.

The amounts listed above do not include bond proceeds1, which are invested in accordance to provisions in bond legal documents, nor monies set aside to fund a portion of the City’s retirement liabilities “115 Trust” as summarized in the paragraph below.

Commencing in August 2025, the City also transferred responsibility to manage its irrevocable trust to funds for its retirement liabilities: 1) Other Post Employment Benefits “OPEB” for retiree medical and 2) Pension Stabilization Fund (i.e., “115 Trusts”) to Shuster.

Jan 1, 2025 Deposit/
Withdrawals
March 31, 2025 Interest
Earnings
%
OPEB $33,862,444 - $34,014,350 $87,600 0.10%
Pension $29,390,122 - $29,650,798 ($2,950) 0.82%
1 Bond proceeds do not need to comply with the provisions of California Government Code § 53601 regarding the investment of government funds, they are invested in accordance to provisions in bond legal documents. The bond reserves and debt service funds for the Water Utility Authority and Successor Agency are held by the City’s bond trustee, U.S. Bank. A portion of Successor Agency bond funds are held in LAIF.

Monies held for third-party conduit debt issuances: Heritage Springs Assessment District No. 2001-1 are maintained by US Bank.

CITY COUNCIL AGENDA REPORT – MEETING OF JUNE 3, 2025
Treasurer’s Report of Investments for the Quarter Ended March 31, 2025

Page 3 of 4 ends

The OPEB portfolio was structured with 70% equity / 30% Fixed Income (Bond), while the Pension Stabilization Fund had a 50% Equity / 50% Bond mix. The results of investment performance for the Pension and OPEB accounts are reported separately by Shuster.

ANALYSIS
The City’s managed portfolio generated interest income in the amount of $177,108 from US Bank and $480,027 from BlackRock, totaling $657,135 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).

In addition to the BlackRock 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 (“CLASS”). • LAIF returned an annualized rate of 4.48% - $59,462 in interest income • CLASS returned 4.41% - $117,691 in interest income
Benchmark Performance
Total return (as opposed to the yield) takes into account realized and unrealized gains/losses, it is generally compared against a target benchmark to evaluate portfolio performance2. The City’s benchmark is the ICE BofA 1-5 Year U.S. Gov & Corporate Index
The total return for the City’s portfolio for the quarter ended March 31, 2025 was 1.92% vs. the benchmark’s total return of 1.42%; the City’s portfolio outperformed the benchmark by 0.50%.
2 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 unrealized losses simply represent the amount that the City would lose, if the security was sold in the current market conditions. It is not an actual loss of the City’s principal value invested. It is also important to remember that rising yield markets are good in the sense that as securities mature, they are replaced with higher rate securities, increasing the overall interest income of the portfolio.

CITY COUNCIL AGENDA REPORT – MEETING OF JUNE 3, 2025
Treasurer’s Report of Investments for the Quarter Ended March 31, 2025

Page 4 of 4 ends

ENVIRONMENTAL
None.

SUMMARY/NEXT STEPS
The attached report contains a summary of Shuster’s performance in the managed portfolio (BlackRock). Shuster and Staff will continue to work with the City Council to review any proposed changes to the portfolio make-up.

ATTACHMENT(S):

A. Shuster Investment Performance Review (Quarter Ended March 31, 2025) ITEM STATUS:

APPROVED:

DENIED:

TABLED:

DIRECTION GIVEN:

Wealth Management
Account Review
Presented to:

Santa Fe Springs
May 28, 2025

REVIEW
Q1 2025 Market Review
Global equity markets were mixed over the quarter, with international equities posting positive returns while U.S. equities were negative. Fixed income markets were positive over the quarter as rates declined across much of the yield curve.

U.S. equities declined 4.7% (Russell 3000), with Energy as the best-performing sector and Consumer Discretionary and Information Technology as the worst-performing sectors. In a reversal from 2024, large-cap value outperformed largecap growth by over 1,200 basis points (2.1% for Russell 1000 Value vs. -10.0% for Russell 1000 Growth).

International equities and emerging markets equities
performed well over the quarter, returning 7.0% (MSCI
EAFE) and 2.9% (MSCI Emerging Markets), respectively.

The broad U.S. fixed income market returned 2.8%
(Bloomberg Barclays Aggregate) over the quarter. While the Fed held the federal funds rate steady during the quarter, longer-term rates fell, with the 10-year Treasury declining by over 30 basis points.

The unemployment rate increased slightly to 4.2% this
quarter, from 4.1% at the previous quarter-end.

SUMMARY TRAILING RETURNS (3/31/2025)
Quarterly and year-to-date returns of the following indices: U.S. Equity (Russell 3000 Index), Fixed Income (Bloomberg Barclays U.S. Aggregate Bond Index) and International Equity (MSCI ACWI ex U.S. Index) Q1 2025 Market Review U.S. Equity
U.S. EQUITY
The broad U.S. equity market, as measured by the Russell 3000 Index, was down 4.7% for the quarter.

The best performing U.S. equity index for the quarter was Russell 1000 Value, returning a positive 2.1%.

The worst performing U.S. equity index for the quarter was Russell 2000 Growth, returning a negative 11.1%.

INDEX PERFORMANCE (sorted by trailing quarterly performance) GROWTH VS. VALUE Over the last year, growth stocks outperformed value stocks by 0.60%.

For the trailing quarter, value stocks outperformed growth stocks by 12.10%.

The graph above is plotted using a rolling one-year time period.

Growth stock performance is represented by the Russell 1000 Growth Index.

Value stock performance is represented by the Russell 1000 Value Index.

SECTOR (sorted by trailing quarterly performance)
Source: S&P 1500 Sector Indices

8.6%

5.5%

5.3%

4.9%

2.9%

1.5%
-1.8%
-6.2%
-12.8%
-15.00 -10.00 -5.00 0.00 5.00 10.00
-13.7%
Q1 2025 Market Review International Equity

INTERNATIONAL EQUITY
Developed international equity returned a positive 7% in the last quarter (MSCI EAFE).

Emerging market equity posted a positive 2.9% return (MSCI Emerging Markets Index).

INDEX PERFORMANCE (sorted by trailing quarterly performance) DEVELOPED VS. EMERGING MARKETS Over the last year, emerging market stocks outperformed developed international stocks by 2.70%.

For the trailing quarter, develop international stocks outperformed emerging market stocks by 4.10%.

The graph above is plotted using a rolling one-year time period. Developed international stock performance is represented by the MSCI EAFE Index.

Emerging market stock performance is represented by the MSCI Emerging Markets Index.

INTERNATIONAL VS. DOMESTIC
The graph above is plotted using a rolling one-year time period. International stock performance is represented by the MSCI ACWI ex U.S. Index. Domestic stock performance is represented by the Russell 3000 Index. 25% 20%
15%
10%
5%
0%
5%
10%
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 International Outperforms
Domestic Outperforms
Q1 2025 Market Review Fixed Income

FIXED INCOME
The broad U.S. fixed income market returned a positive 2.8% (Bloomberg Barclays U.S. Aggregate) for the quarter.

The best performing sector for the quarter was TIPS, returning a positive 4.2%.

The worst performing sector for the quarter was High Yield Corporate Bond, returning a positive 1%.

PERFORMANCE BY MATURITY YIELD CURVE
SECTOR (sorted by trailing quarterly performance)
Source: Bloomberg Barclays U.S. Aggregate Indices
Source: Bloomberg Barclays U.S. Indices
Aggregate

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%
QTR 1 Yr

2.8%

4.9%
1-3 Years QTR 1 Yr

1.6%

5.6%
3-5 Years QTR 1 Yr

2.6%

5.9%
5-7 Years QTR 1 Yr

3.1%

5.5%
7-10 Years QTR 1 Yr

3.1%

4.8%
10+ Years QTR 1 Yr

3.4%

1.6%

4.2%

3.1%

2.9%

2.8%

2.3%

1.0%

0.00 1.00 2.00 3.00 4.00 5.00

1.0%
Q1 2025 Market Kaleidoscope

ASSET CLASS RETURNS
Large Value (Russell 1000 Value) Small Growth (Russell 2000 Growth) Global REIT (S&P Global REIT) Large Growth (Russell 1000 Growth) International (MSC I ACWI ex-US) C ommodities (Bloomberg C ommodities) Small Value (Russell 2000 Value) Fixed Income (Bloomberg Barclays Agg) C ash (Merrill Lynch 3-Mo T-Bill) Q1 2025 Market Review Chart of the Quarter
Drawdowns (are not uncommon) in the Stock Market
e. Average length measures market high to market low.

The first quarter of 2025 saw a decline of almost 5% for the U.S. equity market, as the threat of widespread tariffs began to dampen the growth outlook and create more uncertainty. This negative performance follows two consecutive calendar years of more than 20% gains. The quarter provided a good reminder that the U.S. equity market is not immune to drawdowns and that they should be expected periodically. The chart below shows that a drawdown of 5% should be expected about twice a year, and a drawdown of 10% should be expected about once every 18 months. This underscores the importance of maintaining portfolio diversification, especially after periods of strong performance in a single market or asset class.

Q1 2025 Disclosures
MSCI FI EAFE International is a rules-based index which serves as a benchmark for developed international country fixed income performance.

MSCI EAFE Index is listed for foreign stock funds (EAFE refers to Europe, Australia and Far East). Widely accepted as a benchmark for international stock performance, it is an aggregate of 21 individual country indexes.

MSCI EAFE Large Value represents the large cap value stocks within the MSCI EAFE Index.

MSCI EAFE Large Growth represents the large cap growth stocks within the MSCI EAFE Index.

MSCI EAFE Mid Value represents the mid cap value stocks within the MSCI EAFE Index.

MSCI EAFE Mid Growth represents the mid cap growth stocks within the MSCI EAFE Index.

MSCI EAFE Small Value represents the small cap value stocks within the MSCI EAFE Index.

MSCI EAFE Small Growth represents the small cap growth stocks within the MSCI EAFE Index.

MSCI EM (Emerging Markets) Index serves as a benchmark for each emerging country. The average size of these companies is (U.S.) $400 million, as compared with $300 billion for those companies in the World index.

MSCI World Index is a rules-based index that serves as a benchmark for the developed global equity markets.

MSCI Europe ex UK Index is a rules-based index that serves as a benchmark for equity markets, excluding the United Kingdom.

MSCI Pacific ex Japan Index is a rules-based index that serves as a benchmark for Asia equity markets, excluding Japan.

MSCI United Kingdom Index is a rules-based index that serves as a benchmark for the United equity markets.

MSCI Japan is a rules-based index that serves as a benchmark for equity markets.

NAREIT AII REIT Index includes all tax-qualified REITs with common shares that trade on the New York Stock Exchange the American Stock Exchange or the NASDAQ National Market List.
3-Month T-Bills (90 Day T-Bill Index) are government-backed, short-term investments considered to be risk-free and as good as cash because the maturity is only three months.

Russell 1000 Growth Index is a market-capitalization weighted index of those firms in the Russell 1000 with higher price-to-book ratios and higher forecasted growth values.

Russell 1000 Value Index is a market-capitalization weighted index of those firms in the Russell 1000 with lower price-to-book ratios and lower forecasted growth values.

Russell Top 200 Growth Index is a market-capitalization weighted index of those firms in the Russell Top 200 with higher price-to-book ratios and higher forecasted growth values.

Russell Top 200 Value Index is a market-capitalization weighted index of those firms in the Russell Top 200 with lower price-to-book ratios and lower forecasted growth values.

Russell 2000 Growth Index is a market-weighted total return index that measures the performance of companies within the Russell 2000 Index having higher price-to-book ratio and higher forecasted growth values.

Russell 2000 Index consists of the smallest 2000 companies in the Russell 3000 Index, representing approximately 7% of the Russell 3000 total market capitalization.

Russell 2000 Value Index is a market-weighted total return index that measures the performance of companies within the Russell 2000 Index having lower price-to-book ratio and lower forecasted growth values.

Performance of indexes reflects the unmanaged result for the market segment the selected stocks represent. Indexes are unmanaged and not available for direct investment.

Citigroup Corporate Bond is an index which serves as a benchmark for corporate bond performance. You cannot invest directly in an index.

Citigroup Mortgage Master is an index which serves as a benchmark for U.S. mortgagebacked securities performance.

Citigroup WGBI Index is an index which serves as a benchmark for global bond performance, including 22 different government bond markets.

Credit Suisse High Yield Index is an unmanaged, trader priced index constructed to mirror the characteristics of the high yield bond market.

BC (Barclays Capital) U.S. Aggregate Bond Index represents securities that are U.S., domestic, taxable, and dollar dominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage passthrough securities, and asset-backed securities. These major sectors are subdivided into more specific indices that are calculated and reported on a regular basis.

BC Credit Bond Index includes publicly issued U.S. corporate and specified foreign debentures and secured notes that meet the specified maturity, liquidity, and quality requirements. To qualify, bonds must be SEC-registered.

BC U.S. Corporate Investment Grade represents investment grade corporate securities that are U.S., domestic, taxable, and dollar denominated.

BC High Yield Corporate Bond represents below investment grade corporate securities that are U.D., domestic, taxable, and dollar denominated.

BC TIPS Index includes publicly issued U.S. government treasury inflation protected securities that meet the specified maturity, liquidity and other requirements.

BC Mortgage-Backed Securities covers agency mortgage-backed pass-through securities (both fixed-rate and hybrid ARMs) issued by Ginnie Mae (GNMA), Fannie Mae (FNMA), and Freddie Mac (FHLMC).

BC Muni Bond covers the USD-denominated long-term tax-exempt bond market with four main sectors: state and local general obligation bonds, revenue bonds, insured bonds, and prerefunded bonds.

BC Government Index includes publicly issued U.S. government securities that meet the specified maturity, liquidity and other requirements.

BarCap U.S. Aggregate 1-3 Yr. TR USD Index represents securities in the BC U.S.

Aggregate Index that have maturity dates over the next 1-3 years.

BarCap U.S. Aggregate 3-5 Yr. TR USD Index represents securities in the BC U.S.

Aggregate Index that have maturity dates over the next 3-5 years.

BarCap U.S. Aggregate 5-7 Yr. TR USD Index represents securities in the BC U.S.

Aggregate Index that have maturity dates over the next 5-7 years.

BarCap U.S. Aggregate 7-10 Yr. TR USD Index represents securities in the BC U.S.

Aggregate Index that have maturity dates over the next 7-10 years.

BarCap U.S. Aggregate 10+ Yr. TR USD Index represents securities in the BC U.S.

Aggregate Index that have maturity dates over 10 years.

DJW 5000 (Full Cap) Index measures the performance of all U.S. common equity securities, and serves as an index of all stock trades in the U.S.

MSCI FI Emerging Markets is a rules-based index which serves as a benchmark for emerging country fixed income performance.

Q1 2025 Disclosures
S&P 1500 Industrials measures the performance of the industrial sector in the S&P 1500 Index.

S&P 1500 Financials measures the performance of the financials sector in the S&P 1500 Index.

S&P 1500 Utilities measures the performance of the utilities sector in the S&P 1500 Index.

S&P 1500 Consumer Discretionary Index measures the performance of the consumer discretionary sector in the S&P 1500 Index.

S&P 1500 Consumer Staples Index measures the performance of the consumer staples sector in the S&P 1500 Index.

S&P 1500 Information Technology measures the performance of the information technology sector in the S&P 1500 Index.

S&P 1500 Materials measures the performance of the materials sector in the S&P 1500 Index.

S&P 1500 Health Care measures the performance of the health care sector in the S&P 1500 Index.

S&P 1500 Telecommunications Services Index measures the performance of the telecommunications services sector in the S&P 1500 Index.

Russell MidCap Growth Index is a market-weighted total return index that measures the performance of companies within the Russell MidCap Index having higher price-tobook ratio and higher forecasted growth values.

Russell MidCap Index includes firms 201 through 1000, based on market capitalization, from the Russell 3000 Index.

Russell MidCap Value Index is a market-weighted total return index that measures the performance of companies within the Russell MidCap Index having lower price-to-book ratio and lower forecasted growth values.

Russell Top 200 Index consists of the 200 largest securities in the Russell 3000 Index.

Russell 3000 Index is a market capitalization weighted index, consisting of 3,000 U.S. common equity securities, reflective of the broad U.S. equity market.

Salomon 1-10 Yr. Governments is an index which serves as a benchmark for U.S.

Government bonds with maturities ranging from 1 to 10 years.

S&P 500 Index measures the performance of the largest 500 U.S. common equity securities, and serves as an index of large cap stocks traded in the U.S.

S&P 1500 Energy Index measures the performance of the energy sector in the S&P 1500 Index.

General Disclosure
Any reproduction of this information, in whole or in part, is prohibited. The information contained herein has been prepared solely for informational purposes and is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or to participate in any trading strategy. All data presented herein is unaudited, subject to revision by your advisor and is provided solely as a guide to current expectations. This document is only made available to persons of a kind to who may lawfully be promoted.

Market indexes are included in this report only as context reflecting general market results during the period. Your advisor may provide research on funds that are not represented by such market indexes. Accordingly, no representations are made that the performance or volatility of any fund where your advisor provides research will track or reflect any particular index.

Market index performance calculations are gross of management fees.

Research/Outlook Disclosure
This document was produced by, and the opinions expressed are those of your advisor as of the date of writing and are subject to change. This research is based on your proprietary research and analysis of global markets and investing. The information and/or analysis contained in this material have been compiled or arrived at from sources believed to be reliable, however your advisor does not make any representation as their accuracy or completeness and does not accept liability for any loss arising from the use hereof. Some internally generated information may be considered theoretical in nature and is subject to inherent limitations associated therein. The reader should not assume that any investments in sectors and markets identified or described were or will be profitable. Investing entails risks, including possible loss of principal. The use of tools cannot guarantee performance. Past performance is no guarantee of future results. The information in this material may contain projections or other forward-looking statements regarding future events, targets or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved and may be significantly different than that shown here. The information in this material, including statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons.

Client Return Summary: Net of Fees
Account Details
Account Name Account
Number
Mgmt. Style 2/4/2025
Value
3/31/2025
Value
Net
Investment
Period
Return
%
3 Months
%
YTD % 1 Year
%
3 Year % Inception %
2/4/2025
Santa Fe Springs - - 37,890,337.29 86,437,910.31 85,099,121.4 1 1.92 - 1.92 - - 1.92
ICE BofA 1-5 Year US Gov. & Corporate Index - - - - - 1.52 - 1.52 - - 1.52 City of Santa Fe Springs - Fixed Income 47275745 Gov SMA 37,890,337.29 85,072,420.76 83,737,161.03 1.92 - 1.92 - - 1.92 City of Santa Fe Springs - MM & CD 98535216 Gov Cash - CD/ MM 0.00 1,365,489.55 1,361,960.38 1.10 - 1.10 - - 1.10
Santa Fe Springs Date Range
2/4/2025 - 3/31/2025
Benchmark(s)
ICE BofA 1-5 Year US Gov. &
Corporate Index
Methodology Report Currency
TWR US Dollar
Cumulative Client Return (Time Weighted)
02/04/25 02/18/25 03/04/25 03/18/25 03/31/25
-1.00%

0.00%

1.00%

2.00%

3.00%
Santa Fe Springs ICE BofA 1-5 Year US Gov. & Corporate Index Asset Allocation
Asset Allocation Account %
Bond 90.80
Equity 0.04
Money Market 9.16
100.00
Client Return Summary: Net of Fees
Account Value Change
Account Name Account Number Mgmt. Style 2/4/2025 Value Additions Withdrawals Period investment Gain/Loss
3/31/2025 Value
City of Santa Fe Springs - Fixed Income 47275745 Gov SMA 37,890,337.29 $47,759,456.27 -$1,912,632.53 $1,335,259.73 85,072,420.76 City of Santa Fe Springs - MM & CD 98535216 Gov Cash - CD/MM 0.00 $1,361,960.38 $0.00 $3,529.17 1,365,489.55 Total - - 37,890,337.29 $49,121,416.65 -$1,912,632.53 $1,338,788.90 $86,437,910.31 Asset Allocation
Account Name Account Number Mgmt. Style Bond % Equity % Money Market % Market Value Percent Asset %
City of Santa Fe Springs - Fixed Income 47275745 Gov SMA 90.65 % 0.04 % 9.30 % $85,072,420.76 98.42 City of Santa Fe Springs - MM & CD 98535216 Gov Cash - CD/MM 100.00 % - - $1,365,489.55 1.58 Total - - 86,437,910.31 100.00
Santa Fe Springs Date Range
2/4/2025 - 3/31/2025
Benchmark(s)
ICE BofA 1-5 Year US Gov. &
Corporate Index
Methodology Report Currency
TWR US Dollar
City of Santa Fe Springs - Fixed Income 47275745 Gov SMA Performance Details Date Range Methodology Report Currency 2/4/2025 to 3/31/2025 TWR US Dollar
% Assets Name Symbol Ending Value 1 Mo (%) 3 Mo (%) YTD (%) 1 Yr (%) 3 Yr (%) 5 Yr (%)

9.30 Cash 7,914,923.54 0.01 - 0.01 - - -
-
ICE BofA 1-5 Year US Gov. & Corporate
Index - 0.68 - 1.42 - - -

9.30 Schwab Bank Sweep SchwabCash 7,914,923.54 0.01 - 0.01 - - -

8.28 Agency Bond 7,042,161.26 0.58 - 1.42 - - -
-
ICE BofA 1-5 Year US Gov. & Corporate
Index - 0.68 - 1.52 - - -

0.83 FHLMC Ser K505 Cl A2 4.82% 6/25/2028 3137HACX2 709,796.43 0.77 - 1.49 - - -

0.39 FHLMC Ser K-514 Cl A2 4.572% 12/25/
2028 3137HBLV4 332,346.83 0.63 - 1.71 - - -

2.35 Fhlmc 5.21%29 Due 10/24/2029 3134HATX1 2,000,878.00 - - 0.38 - - -

2.35 Federal Ntnl Mor 5.05%30 Due 2/13/2030 3136GAAN9 2,000,030.00 - - 0.06 - - -

2.35 Federal Ntnl Mortga 5%30 Due 3/27/2030 3136GACX5 1,999,110.00 - - 0.01 - - -

24.01 Corporate Bond 20,427,985.08 0.51 - 1.12 - - -
-
ICE BofA 1-5 Year US Gov. & Corporate
Index - 0.68 - 1.52 - - -

0.13 Burlington Northn Santa Fe Cp Bond

3.00% 4/1/2025 12189LAV3 109,984.93 0.37 - 0.68 - - -

0.20 Morgan Stanley Medium Term Note

3.125% 7/27/2026 61761J3R8 171,972.15 0.37 - 1.03 - - -

0.29 Apple Inc Note Call Make Whole 3.20%
5/11/2027 037833CR9 245,412.50 0.47 - 1.29 - - -

0.29 BAA-Jp Morgan Chase Bk NA 3.54% 5/1/
2028 46647PAF3 245,130.75 0.76 - 1.76 - - -

0.20 Citigroup 1/10/2028 172967LD1 172,862.03 0.62 - 1.02 - - -

0.28 Home Depot Inc Note Call Make Whole

2.80% 9/14/2027 437076BT8 241,490.50 0.59 - 1.25 - - -

0.32 General Dynamics Corporation 3.75% 5/
15/2028 369550BC1 270,197.68 0.77 - 1.59 - - -

0.58 Union Pac 3.95% 9/10/2028 907818EY0 493,704.50 - - -0.05 - - -

0.29 Morgan Stanley 4.431% 1/23/2030 6174468G7 246,320.50 - - 0.32 - - -

0.57 Bank Amer Corp Sr Glbl Nt 3.419% 12/ 06051GHD4 484,114.50 - - 0.06 - - - % Assets Name Symbol Ending Value 1 Mo (%) 3 Mo (%) YTD (%) 1 Yr (%) 3 Yr (%) 5 Yr (%)

24.01 Corporate Bond 20,427,985.08 0.51 - 1.12 - - -
20/2028

0.28 American Honda Fin Corp Med 2.35% 1/
8/2027 02665WDJ7 240,936.25 0.44 - 1.03 - - -

0.13 Bank NY Mellon Corp Ser J Mtn 1.60% 4/
24/2025 06406RAN7 114,712.16 0.47 - 0.62 - - -

0.26 Bank America Corp Sr Note Fxd/Var 06051GJK6 220,808.70 0.54 - 0.84 - - -

0.46 Jpmorgan Chase & Company 0.000 4/22/
2027 46647PCB0 388,021.60 - - 0.17 - - -

0.57 Bank Of America Corp Note Call Make
Whole 1.73% 7/22/2027 06051GJS9 481,929.50 0.49 - 0.47 - - -

0.23 Target Corp 1.95% 1/15/2027 87612EBM7 192,317.40 0.50 - 1.19 - - -

0.14 Deere John Capital Corp Mtn 2.35% 3/8/
2027 24422EWD7 120,617.75 0.54 - 1.24 - - -

0.29 Wells Fargo & Co Medium Term 3.526%
3/24/2028 95000U2V4 245,060.25 0.73 - 1.85 - - -

0.58 Morgan Stanley Ser I Mtn 4.21% 4/20/
2028 61747YER2 496,200.00 - - 0.41 - - -

0.12 JP Morgan Chase &Co Note Call Make
Whole 4.08% 4/26/2026 46647PCZ7 99,877.20 0.35 - 0.87 - - -

0.12 Truist Finl Corp 4.26% 7-28-2026 89788MAH5 104,769.95 0.27 - 0.68 - - -

0.14 Carmax Auto Owner 5.34% 8/16/2027 14318UAD3 119,372.51 0.41 - 0.56 - - -

0.27 Honeywell Intern 4.95% Due 2/15/2028 438516CJ3 229,016.25 0.64 - 1.54 - - -

0.05 State Str Corporation VAR 5.751% 11/4/
2026 857477BX0 45,296.01 0.42 - 0.80 - - -

0.14 Texas Instrs Inc 4.60% 2/15/2028 882508BV5 116,199.22 0.67 - 1.57 - - -

0.13 Truist Financial Corporation N Ote M/W
Clbl 5.90% 10/28/2026 89788MAJ1 110,662.64 0.33 - 0.79 - - -

0.24 Morgan Stanley Note Call Make Whole

5.05% 1/28/2027 61747YEZ4 200,563.80 0.33 - 0.78 - - -

0.10 Mbart Remic 2023-1 A3 0.045 11/15/2027 58770AAC7 87,759.94 0.42 - 0.71 - - -

0.05 Pnc Financial Services Note 4.76% 1/26/
2027 693475BL8 40,018.32 0.37 - 0.76 - - -

0.21 Harley-Davidson Tr Ser 2023-A Cl A-3

5.05% 12/15/2027 41285JAD0 176,587.65 0.57 - 0.81 - - -

0.38 Bank NY Mellon Corp Mtn 4.95% 4/26/
2027 06406RBQ9 326,690.00 0.42 - 0.77 - - -

0.60 U S Bancorp Medium Term Nts 0.00% 6/
12/2029 91159HJM3 514,493.50 0.37 - 0.37 - - -
% Assets Name Symbol Ending Value 1 Mo (%) 3 Mo (%) YTD (%) 1 Yr (%) 3 Yr (%) 5 Yr (%)

24.01 Corporate Bond 20,427,985.08 0.51 - 1.12 - - -

1.51 Pnc Finl Svcs Gro Var 29 Due 6/12/2029 693475BR5 1,286,157.50 0.84 - 0.56 - - -

0.18 American Honda F 5.25% Due 7/7/2026 02665WEK3 156,344.01 0.31 - 0.77 - - -

0.60 American Express Co Nt Fixed/Fltg

5.282% 7/27/2029 025816DH9 509,947.50 0.34 - 0.43 - - -

0.23 State Str Corp Note 5.27% 8/3/2026 857477CD3 197,221.25 0.49 - 0.95 - - -

0.30 Wells Fargo Bank Natl Assn Note 5.45%
8/7/2026 94988J6D4 253,394.00 0.66 - 1.06 - - -

0.56 Fifth Third Auto Tr Ser 2023-1 Cl A-3

5.90% 8/15/2028 31680EAD3 479,217.48 0.47 - 0.77 - - -

0.54 Bank Of America 5.526% Due 8/18/2026 06428CAA2 457,378.20 0.56 - 0.98 - - -

0.36 Deere John Cap Corp Medium Term

5.15% 9/8/2026 24422EXD6 304,054.50 0.60 - 1.08 - - -

0.26 Gm Finl Cons Auto Rec Tr Cmo 2023-4
Cl A3 MO nthly 0 Day Delay Var 379930AD2 218,228.55 0.13 - 1.02 - - -

0.24 Hyundai Auto Recs Tr Cmo 2023-C Cl A3
Monthly 0 Day Delay 44918CAD4 202,655.74 0.58 - 0.85 - - -

0.15 Toyota Auto Rec Tr 2023-D A-3 0.059 8/
15/2028 89239FAD4 131,652.92 0.36 - 0.70 - - -

0.30 Citibank NA Note 5.49% 12/4/2026 17325FBC1 254,387.25 0.60 - 1.08 - - -

0.48 Wells Fargo Bank 5.254% 12/11/2026 94988J6F9 405,538.00 0.43 - 1.17 - - -

0.48 JP Morgan Chase Bk 5.11% 12/8/2026 48125LRU8 405,228.40 0.60 - 1.06 - - -

0.59 Jpmorgan Chase & Co Sr Nt Fixed/fltg

0.00% 1/23/2030 46647PEB8 504,934.00 - - 0.38 - - -

0.60 United States Bancorp Medium U S
Bancorp Medium Term Nts- R 5.384% 1/
23/2030
91159HJQ4 510,829.50 - - 0.37 - - -

0.37 Texas Instruments Inc Sr Nt 4.60% 2/8/
2027 882508CE2 312,474.42 0.58 - 1.14 - - -

0.32 Eli Lilly & Co Note Call Make Whole

4.50% 2/9/2027 532457CJ5 271,558.17 0.51 - 1.16 - - -

0.21 Astrazeneca Fin L 4.80% 2/26/2027 04636NAK9 176,771.88 0.61 - 0.99 - - -

0.36 CISCO SYS INC SR NOTE 17275RBQ4 308,466.33 0.60 - 1.17 - - -

0.77 Wf Card Issuance Ser Cl A 4.94% 2/15/
2029 92970QAA3 656,732.25 0.32 - 0.90 - - -

0.25 STATE STR CORP SR NOTE 857477CL5 212,610.72 0.58 - 1.36 - - -

0.55 Harley Davidson Mtr Tr Cmo 2023-B Cl
A3 Monthly 0 Day Delay 41285YAC9 470,273.47 0.50 - 0.83 - - - % Assets Name Symbol Ending Value 1 Mo (%) 3 Mo (%) YTD (%) 1 Yr (%) 3 Yr (%) 5 Yr (%)

24.01 Corporate Bond 20,427,985.08 0.51 - 1.12 - - -

0.60 Morgan Stanley Var 28 Due 4/13/2028 61747YFP5 509,948.00 - - 0.11 - - -

0.45 Bp Cap Mkts Amer Inc Note Call Make
Whole 5.017% 11/17/2027 10373QBY5 385,824.26 0.71 - 1.19 - - -

0.08 American Express Company 0.000 7/26/
2028 025816DV8 70,870.80 0.78 - 1.48 - - -

0.89 Unitedhealth Group Inc Note 4.80% 1/15/
2030 91324PFG2 757,232.25 - - 0.03 - - -

0.19 Honeywell Intl Inc Note Call Make Whole

4.65% 7/30/2027 438516CX2 161,088.32 0.67 - 1.09 - - -

0.13 Hyundai Auto Rec Tr Ser 2022-c Cl A-3

5.39% 6/15/2027 44933DAD3 113,067.76 0.38 - 0.60 - - -

0.19 Mastercard Inc 4.1%28 Due 1/15/2028 57636QBA1 159,591.68 0.35 - 1.14 - - -

0.15 Toyota Motor Cre 4.35%27 Due 10/8/
2027 89236TMS1 129,890.80 0.56 - 1.11 - - -

0.28 Hyundai Auto Rec Tr Ser 2024-c Cl A-3

4.42% 5/15/2029 448976AD2 240,386.59 0.59 - 1.18 - - -

0.35 State Str Corp Sr Nt 4.33% 10/22/2027 857477CP6 300,196.20 0.53 - 1.35 - - -

0.89 Conocophillips Co 4.7%30 Due 1/15/2030 20826FBJ4 753,636.75 - - 0.07 - - -

0.53 Novartis Capital Corp Note 3.80% 9/18/
2029 66989HAT5 454,890.44 0.81 - 1.87 - - -

0.12 Commonwealth B5.316% 26f Due 3/13/
2026 20271RAR1 101,008.30 0.48 - 0.84 - - -

0.30 Ubs Ag, Stamfo4.864% 28f Due 1/10/
2028 90261AAD4 251,196.25 0.49 - 0.96 - - -

0.61 Municipal Bond 521,521.25 0.62 - 0.98 - - -
-
ICE BofA 1-5 Year US Gov. & Corporate
Index - 0.68 - 1.52 - - -

0.30 Florida St Brd Admin Fin Corp Rev
Taxable 1.26% 7/1/2025 341271AD6 252,901.35 0.38 - 0.69 - - -

0.32 California St 4.846%27 Go Utx Due 3/1/
2027 Xtro Taxbl 13063D3N6 268,619.90 0.82 - 1.29 - - -

21.00 Principal Paydown 17,864,320.14 0.68 - 3.76 - - - -
ICE BofA 1-5 Year US Gov. & Corporate
Index - 0.68 - 1.52 - - -

0.69 FHLMC Multifamily Structured P Ser
K065 Cl A2 *24 Day Delay 3.243% 4/25/
2027
3137F1G44 588,042.36 0.65 - 0.80 - - -

0.35 FHLMC 2.57% 7/25/2026 3137BRQJ7 293,951.40 0.47 - 0.60 - - - % Assets Name Symbol Ending Value 1 Mo (%) 3 Mo (%) YTD (%) 1 Yr (%) 3 Yr (%) 5 Yr (%)

21.00 Principal Paydown 17,864,320.14 0.68 - 3.76 - - -

0.52 FHLMC 2.653% 9/25/2049 3137BSP72 439,859.66 0.52 - 0.69 - - -

0.38 FNMA Remic Trust 2017-M15 A2 2.959%
9/25/2027 3136AY6X6 323,448.56 0.74 - -4.36 - - -

0.16 FHLMC Ser K051 Cl A2 3.308% 9/25/
2025 3137BM7C4 138,245.01 -0.41 - -1.92 - - -

0.81 FHLMC 3.43% 1/25/2027 3137BVZ82 689,612.42 0.57 - 0.75 - - -

0.27 FHLMC 3.347% 11/25/2026 3137BTUM1 228,988.92 0.54 - 0.50 - - -

0.28 FHLMC 2.995% 12/25/2025 3137BN6G4 235,545.90 0.41 - -4.16 - - -

0.28 FHLMC Multiclass Mtg Partn Ctfs Gtd

3.151% 11/25/2025 3137BMTX4 238,182.83 0.40 - 0.25 - - -

0.57 FHLMC Multiclass Mtg Partn Ctfs Gtd

2.745% 1/25/2026 3137BNGT5 487,560.73 0.39 - 0.31 - - -

0.01 Carmax Auto Owner Tr 2021-3 0.55% 6/
15/2026 14317DAC4 8,038.86 0.36 - 0.61 - - -

0.01 World Omni Auto Receivables Tr 0.81%
10/15/2026 98163KAC6 8,796.30 0.34 - 0.52 - - -

0.01 Gm Finl Consumer Automobile 0.68% 9/
16/2026 362554AC1 8,202.05 0.40 - 0.63 - - -

0.01 Gm Finl Consumer 1.26% 11/16/2026 380146AC4 10,954.07 0.37 - 0.61 - - -

0.00 Volkswagen Auto Ln Enhanced Tr 1.02%
6/22/2026 92868KAC7 1,619.48 0.47 - 0.81 - - -

0.01 Toyota Auto Rec Own Ser 2021-D Cl A-3

0.71% 4/15/2026 89238JAC9 5,720.36 0.34 - 0.60 - - -

0.18 Ford CR Auto Owner 4.65% 2/15/2028 344928AD8 153,961.09 0.50 - 0.74 - - -

0.19 Hyundai Auto Rec 4.58% Abs-Auto Due
4/15/2027 -23A- 448979AD6 159,867.97 0.40 - 0.66 - - -

0.26 Discover Bank, A 4.31% Abs-Cc Due 3/
15/2028 -231- 254683CY9 224,689.79 0.34 - 0.68 - - -

0.19 Gm Finl Consumer 4.47% Abs-Auto Due
2/16/2028 -232- 362583AD8 161,390.14 0.45 - 0.73 - - -

0.49 Capital One Funding 4.42% 5/15/2028 14041NGD7 415,288.26 0.48 - 0.81 - - -

0.32 Toyota Auto Rece 5.09% Abs-Auto Due
2/15/2028 -23B- 891941AD8 270,264.98 0.27 - 0.62 - - -

0.27 Bank Of America, 4.79% Abs-Cc Due 5/
15/2028 -231- 05522RDG0 231,096.71 0.45 - 0.81 - - -

0.24 Ford Cr Auto Owner 5.23% 5/15/2028 344930AD4 201,546.84 0.48 - 0.85 - - -

0.54 Discover Bank A 4.93% Abs-Cc 6/15/
2028 -232- 254683CZ6 458,245.24 0.61 - 0.85 - - -
% Assets Name Symbol Ending Value 1 Mo (%) 3 Mo (%) YTD (%) 1 Yr (%) 3 Yr (%) 5 Yr (%)

21.00 Principal Paydown 17,864,320.14 0.68 - 3.76 - - -

0.17 Hyundai Auto Rec 5.48% Abs-Auto 4/17/
2028 -23B- 44933XAD9 141,112.99 0.33 - 0.81 - - -

0.17 Gm Finl Consumer 5.45% Abs-Auto Due
12/18/2028 -233- 36267KAD9 141,254.34 0.48 - 0.72 - - -

0.14 Honda Auto Receivables 2023-4 Cl A3

5.67% 6/21/2028 438123AC5 116,420.34 0.33 - 0.65 - - -

0.30 American Express 4.87% Abs-Cc 5/15/
2028 -231- 02582JJZ4 256,394.88 0.47 - 0.75 - - -

0.27 Bank of America, 4.98% Abs-cc 11/15/
2028 -232- 05522RDH8 233,785.41 0.82 - 1.26 - - -

0.30 Ally Auto Receiv 5.46% Abs-auto 5/15/
2028 -231- 02007WAC2 251,901.63 0.47 - 0.72 - - -

0.64 Federal Home Ln Mtg 0.00% Mbs-cmo 1/
25/2029 -k518- 3137HC2L5 543,509.61 0.80 - 2.23 - - -

0.61 Chase Issuance Trust Series 2024-A1
Class A 4.60% Due 1/16/2029 Dated 1/
31/2024
161571HV9 522,939.35 0.62 - 1.05 - - -

0.62 Federal Home Ln 4.72%29 Mbs-cmo Due
5/25/2029 -- 3137HDV56 526,865.14 0.79 - 1.49 - - -

0.72 Capital One 3.92% 9/17/2029 14041NGE5 610,432.64 0.67 - 1.44 - - -

0.41 FHLMC Mltcl Mt 2.282% 7/25/2026 FHL2226C 351,562.84 0.52 - 0.54 - - -

0.36 Fhlmc 5.18%29 Mbs-cmo Due 3/25/2029
-k520- 3137HCKV3 303,445.97 0.81 - 2.32 - - -

0.75 American Exp Cr 5.23% 4/16/2029 02582JKH2 636,874.19 0.56 - 1.12 - - -

0.13 Bmw Veh Owner Tr 5.47%28 Abs-auto
Due 2/25/2028 -23a- 05592XAD2 109,258.96 0.47 - 0.66 - - -

0.01 Capital One Prime Auto 0.77% 9/15/2026 14044CAC6 10,085.79 0.38 - 0.67 - - -

0.50 FHLMC 1.336% 9/25/2027 3137F64P9 422,923.77 0.78 - 1.23 - - -

0.55 FHLMC 1.77% 5/25/2028 3137H14B9 464,089.45 0.85 - 1.56 - - -

0.77 Fhlmc 4.65%28 Mbs-cmo Due 8/25/2028
-k506- 3137HAMH6 656,233.76 1.30 - 2.26 - - -

0.32 Fhlmc 5.272%28 Mbs-cmo Due 8/25/
2028 -kj47- 3137HAMN3 270,722.84 0.79 - 0.86 - - -

0.77 Fhlmc 4.74%28 Mbs-cmo Due 8/25/2028
-k508- 3137HAQ74 657,854.21 1.13 - 1.63 - - -

0.72 Fhlmc 4.85%28 Mbs-cmo Due 9/25/2028
-k509- 3137HAST4 609,287.82 0.79 - 1.30 - - -

0.28 Fhlmc 5.069%28 Mbs-cmo Due 10/25/
2028 -k510- 3137HB3D4 240,214.67 0.92 - 1.59 - - -
% Assets Name Symbol Ending Value 1 Mo (%) 3 Mo (%) YTD (%) 1 Yr (%) 3 Yr (%) 5 Yr (%)

21.00 Principal Paydown 17,864,320.14 0.68 - 3.76 - - -

0.43 Fhlmc 4.86%28 Mbs-cmo Due 10/25/
2028 -k511- 3137HB3G7 365,795.06 0.83 - 1.32 - - -

0.32 Fhlmc 5%28 Mbs-cmo Due 11/25/2028
-k512- 3137HBCF9 270,390.97 1.32 - 2.05 - - -

0.81 Fhlmc 4.803%29 Mbs-cmo Due 5/25/
2029 -k522- 3137HDJJ0 685,729.40 0.82 - 1.45 - - -

0.59 Fhlmc 4.543%29 Mbs-cmo Due 7/25/
2029 -k526- 3137HDXL9 498,371.59 0.79 - 1.59 - - -

0.23 Fhlmc 4.508%29 Mbs-cmo Due 7/25/
2029 -k528- 3137HFNZ4 196,068.05 0.79 - 1.56 - - -

0.37 Fhlmc 4.791%29 Mbs-cmo Due 9/25/
2029 -k529- 3137HH6C0 315,173.93 0.84 - 1.61 - - -

0.00 Fhlmc 4.792%29 Mbs-cmo Due 9/25/
2029 -k530- 3137HHJL6 0.00 0.00 - 0.00 - - -

0.19 Gm Finl Consumer 4.4%29 Abs-auto Due
8/16/2029 -244- 38014AAD3 165,041.70 0.43 - 1.05 - - -

0.04 Harley-davidson Motorcycle Tr 3.06% 2/
16/2027 41284YAD8 32,416.48 0.40 - 0.67 - - -

0.17 Mercedes Benz Auto Receivables 5.21%
8/16/2027 58768PAC8 145,045.21 0.39 - 0.64 - - -

0.28 Wf Card Issuance 4.29%29 Mbs-cmo
Due 10/15/2029 -242- 92970QAE5 234,728.69 0.44 - 1.07 - - -

0.17 FNMA Gtd 2.702% 2/25/2026 3136ARTE8 143,640.51 0.43 - 0.35 - - -

0.27 Federal Ntnl Mo 3.061%27 Mbs-cmo Due
6/25/2027 -17m12- 3136AX7E9 229,908.96 0.72 - 1.17 - - -

0.61 Federal Ntnl Mo 4.181%28 Mbs-cmo Due
7/25/2028 -23m6- 3136BQDE6 521,719.06 0.88 - 1.27 - - -

36.75 Treasury Bond 31,266,267.77 0.79 - 1.52 - - -
-
ICE BofA 1-5 Year US Gov. & Corporate
Index - 0.68 - 1.42 - - -

5.23 US Treasury Note 2.25% 2/15/2027 912828V98 4,446,733.36 0.64 - 1.11 - - -

0.69 US Treasury Note W-2027 2.50% 3/31/
2027 91282CEF4 583,968.72 0.64 - 1.17 - - -

0.37 US Treasury Note 2.75% 4/30/2027 91282CEN7 317,535.14 0.66 - 1.19 - - -

0.83 US Treasury Note 2.625% 5/31/2027 91282CET4 705,855.43 0.68 - 1.22 - - -

0.87 US Treasury Note 3.25% 6/30/2027 91282CEW7 739,804.65 0.67 - 1.24 - - -

0.92 US Treasury Note 3.25% 6/30/2029 91282CEV9 778,750.00 0.99 - 1.90 - - -

0.73 US Treasury Note 3.875% 11/30/2027 91282CFZ9 624,707.00 0.76 - 1.41 - - - % Assets Name Symbol Ending Value 1 Mo (%) 3 Mo (%) YTD (%) 1 Yr (%) 3 Yr (%) 5 Yr (%)

36.75 Treasury Bond 31,266,267.77 0.79 - 1.52 - - -

3.53 US Treasury Note 3.875% 12/31/2027 91282CGC9 2,999,062.50 0.76 - 1.43 - - -

2.33 US Treasury Note 3.50% 1/31/2028 91282CGH8 1,978,750.00 0.77 - 1.46 - - -

2.00 US Treasury Note 4.00% 2/29/2028 91282CGP0 1,705,046.79 0.80 - 1.49 - - -

1.18 US Treasury Note 4.00% 2/28/2030 91282CGQ8 1,002,343.70 - - 0.19 - - -

1.17 US Treasury Note 3.625% 5/31/2028 91282CHE4 991,718.70 0.82 - 1.54 - - -

0.51 US Treasury Note 4.625% 9/30/2028 91282CJA0 434,894.51 0.89 - 1.65 - - -

0.30 US Treasury Note 4.375% 11/30/2028 91282CJN2 253,906.25 0.91 - 1.72 - - -

1.87 US Treasury Note 3.75% 12/31/2028 91282CJR3 1,590,749.92 0.93 - 1.79 - - -

0.77 US Treasury Note 4.25% 2/28/2029 91282CKD2 657,718.75 0.95 - 1.80 - - -

2.46 US Treasury Note 4.125% 3/31/2029 91282CKG5 2,090,238.18 0.92 - 1.83 - - -

1.44 US Treasury Note 4.50% 5/31/2029 91282CKT7 1,226,062.44 0.93 - 1.84 - - -

1.37 US Treasury Note 4.25% 6/30/2029 91282CKX8 1,164,015.63 0.94 - 1.88 - - -

0.83 US Treasury Note 4.375% 7/15/2027 91282CKZ3 707,218.75 0.69 - 1.27 - - -

1.76 US Treasury Note 3.75% 8/15/2027 91282CLG4 1,495,078.05 0.73 - 1.32 - - -

0.69 US Treasury Note 3.50% 9/30/2029 91282CLN9 589,125.00 0.94 - 1.90 - - -

0.59 US Treasury Note 4.125% 10/31/2029 91282CLR0 503,671.85 0.94 - 1.89 - - -

2.13 US Treasury Note 4.125% 11/30/2029 91282CMA6 1,814,062.50 0.96 - 1.94 - - -

1.02 US Treasury Note 4.375% 12/31/2029 91282CMD0 865,406.25 0.96 - 1.92 - - -

1.18 US Treasury Note 3.875% 3/15/2028 91282CMS7 999,843.70 - - 0.09 - - -

0.04 Bonds - Other 35,241.72 0.32 - 0.66 - - -
-
ICE BofA 1-5 Year US Gov. & Corporate
Index - 0.68 - 1.52 - - -

0.04 Hyundai Auto 2.22% 10/15/2026 448977AD0 35,241.72 0.32 - 0.66 - - - Total 85,072,420.76 - - 1.92 - - -
City of Santa Fe Springs - MM & CD 98535216 Gov Cash - CD/MM Performance Details Date Range Methodology Report Currency 2/10/2025 to 3/31/2025 TWR US Dollar
% Assets Name Symbol Ending Value 1 Mo (%) 3 Mo (%) YTD (%) 1 Yr (%) 3 Yr (%) 5 Yr (%) 100.00 CD 1,365,489.55 0.59 - 1.10 - - -
-
ICE BofA 1-5 Year US Gov. & Corporate
Index - 0.68 - 1.50 - - -

38.65 Credit Agricole 4.76%27 Cd Fdic Ins Due
2/1/2027 Us 22536DWD6 527,824.50 0.67 - 1.20 - - -

37.36 Natixis, New Yor 5.61%26 Cd Fdic Ins
Due 9/18/2026 Fr 63873QP65 510,210.00 0.62 - 0.67 - - -

23.98 Nordea Bk Abp New York Brh 5.53% 11/
3/2025 65558UYF3 327,455.05 0.41 - 0.42 - - -
Total 1,365,489.55 - - 1.10 - - -

2 Accounts
Client Position Summary by Account Date Range Report Currency 2/4/2025 to 3/31/2025 US Dollar
Name Account/Security Type Unit Cost Price Quantity Market Value % Assets Client Aggregate - - - 86,437,910.31 100.00
World Omni Auto Receivables Tr 0.81% 10/15/2026 Bond 0.07 0.07 120,000.00 8,796.30 0.01 Wf Card Issuance Ser Cl A 4.94% 2/15/2029 Bond 1.00 1.01 650,000.00 656,732.25 0.76 Wf Card Issuance 4.29%29 Mbs-cmo Due 10/15/2029 -242- Bond 1.00 1.00 235,000.00 234,728.69 0.27 Wells Fargo Bank Natl Assn Note 5.45% 8/7/2026 Bond 1.00 1.01 250,000.00 253,394.00 0.29 Wells Fargo Bank 5.254% 12/11/2026 Bond 1.00 1.01 400,000.00 405,538.00 0.47 Wells Fargo & Co Medium Term 3.526% 3/24/2028 Bond 0.94 0.98 250,000.00 245,060.25 0.28 Volkswagen Auto Ln Enhanced Tr 1.02% 6/22/2026 Bond 0.01 0.01 125,000.00 1,619.48 0.00 US Treasury Note W-2027 2.50% 3/31/2027 Bond 0.99 0.97 600,000.00 583,968.72 0.68 US Treasury Note 4.625% 9/30/2028 Bond 1.00 1.02 425,000.00 434,894.51 0.50 US Treasury Note 4.50% 5/31/2029 Bond 1.01 1.02 1,200,000.00 1,226,062.44 1.42 US Treasury Note 4.375% 7/15/2027 Bond 1.01 1.01 700,000.00 707,218.75 0.82 Asset Allocation
Asset Allocation Account
%
Bond 90.80
Equity 0.04
Money Market 9.16
100.00
Aggregated Investment Activity (1 Yr)
02/04/25 03/31/25
$25,000,000.00
$50,000,000.00
$75,000,000.00
$100,000,000.00
2 Accounts
Top 5 Securities for Client
Name % Aggregate
Schwab Bank Sweep 9.16 %
US Treasury Note 2.25% 2/15/
2027 5.14 %
US Treasury Note 3.875% 12/31/
2027 3.47 %
US Treasury Note 4.125% 3/31/
2029 2.42 %
Fhlmc 5.21%29 Due 10/24/2029 2.31 %
Name Account/Security Type Unit Cost Price Quantity Market Value % Assets Client Aggregate - - - 86,437,910.31 100.00
US Treasury Note 4.375% 12/31/2029 Bond 1.00 1.02 850,000.00 865,406.25 1.00 US Treasury Note 4.375% 11/30/2028 Bond 1.01 1.02 250,000.00 253,906.25 0.29 US Treasury Note 4.25% 6/30/2029 Bond 0.99 1.01 1,150,000.00 1,164,015.63 1.35 US Treasury Note 4.25% 2/28/2029 Bond 1.00 1.01 650,000.00 657,718.75 0.76 US Treasury Note 4.125% 3/31/2029 Bond 0.98 1.01 2,075,000.00 2,090,238.18 2.42 US Treasury Note 4.125% 11/30/2029 Bond 0.99 1.01 1,800,000.00 1,814,062.50 2.10 US Treasury Note 4.125% 10/31/2029 Bond 1.00 1.01 500,000.00 503,671.85 0.58 US Treasury Note 4.00% 2/29/2028 Bond 0.99 1.00 1,700,000.00 1,705,046.79 1.97 US Treasury Note 4.00% 2/28/2030 Bond 1.00 1.00 1,000,000.00 1,002,343.70 1.16 US Treasury Note 3.875% 3/15/2028 Bond 1.00 1.00 1,000,000.00 999,843.70 1.16 US Treasury Note 3.875% 12/31/2027 Bond 1.01 1.00 3,000,000.00 2,999,062.50 3.47 US Treasury Note 3.875% 11/30/2027 Bond 1.00 1.00 625,000.00 624,707.00 0.72 US Treasury Note 3.75% 8/15/2027 Bond 1.00 1.00 1,500,000.00 1,495,078.05 1.73 US Treasury Note 3.75% 12/31/2028 Bond 0.99 0.99 1,600,000.00 1,590,749.92 1.84 US Treasury Note 3.625% 5/31/2028 Bond 0.98 0.99 1,000,000.00 991,718.70 1.15 US Treasury Note 3.50% 9/30/2029 Bond 1.00 0.98 600,000.00 589,125.00 0.68 US Treasury Note 3.50% 1/31/2028 Bond 0.99 0.99 2,000,000.00 1,978,750.00 2.29 US Treasury Note 3.25% 6/30/2029 Bond 0.99 0.97 800,000.00 778,750.00 0.90 US Treasury Note 3.25% 6/30/2027 Bond 0.98 0.99 750,000.00 739,804.65 0.86 US Treasury Note 2.75% 4/30/2027 Bond 0.99 0.98 325,000.00 317,535.14 0.37 US Treasury Note 2.625% 5/31/2027 Bond 0.98 0.97 725,000.00 705,855.43 0.82 US Treasury Note 2.25% 2/15/2027 Bond 0.94 0.97 4,585,000.00 4,446,733.36 5.14 Unitedhealth Group Inc Note 4.80% 1/15/2030 Bond 1.01 1.01 750,000.00 757,232.25 0.88 United States Bancorp Medium U S Bancorp Medium Term Nts- R

5.384% 1/23/2030 Bond 1.02 1.02 500,000.00 510,829.50 0.59 Union Pac 3.95% 9/10/2028 Bond 0.99 0.99 500,000.00 493,704.50 0.57 Ubs Ag, Stamfo4.864% 28f Due 1/10/2028 Bond 1.00 1.00 250,000.00 251,196.25 0.29 U S Bancorp Medium Term Nts 0.00% 6/12/2029 Bond 1.03 1.03 500,000.00 514,493.50 0.60 Truist Finl Corp 4.26% 7-28-2026 Bond 1.00 1.00 105,000.00 104,769.95 0.12 Truist Financial Corporation N Ote M/W Clbl 5.90% 10/28/2026 Bond 1.00 1.01 110,000.00 110,662.64 0.13 Name Account/Security Type Unit Cost Price Quantity Market Value % Assets Client Aggregate - - - 86,437,910.31 100.00
Toyota Motor Cre 4.35%27 Due 10/8/2027 Bond 1.00 1.00 130,000.00 129,890.80 0.15 Toyota Auto Rece 5.09% Abs-Auto Due 2/15/2028 -23B- Bond 1.00 1.00 270,000.00 270,264.98 0.31 Toyota Auto Rec Tr 2023-D A-3 0.059 8/15/2028 Bond 1.00 1.01 130,000.00 131,652.92 0.15 Toyota Auto Rec Own Ser 2021-D Cl A-3 0.71% 4/15/2026 Bond 0.06 0.06 100,000.00 5,720.36 0.01 Texas Instruments Inc Sr Nt 4.60% 2/8/2027 Bond 1.00 1.01 310,000.00 312,474.42 0.36 Texas Instrs Inc 4.60% 2/15/2028 Bond 1.02 1.01 115,000.00 116,199.22 0.13 Target Corp 1.95% 1/15/2027 Bond 1.00 0.96 200,000.00 192,317.40 0.22 State Str Corporation VAR 5.751% 11/4/2026 Bond 1.00 1.01 45,000.00 45,296.01 0.05 State Str Corp Sr Nt 4.33% 10/22/2027 Bond 1.00 1.00 300,000.00 300,196.20 0.35 STATE STR CORP SR NOTE Bond 1.00 1.01 210,000.00 212,610.72 0.25 State Str Corp Note 5.27% 8/3/2026 Bond 1.00 1.01 195,000.00 197,221.25 0.23 Schwab Bank Sweep Mutual Fund - 1.00 7,914,923.54 7,914,923.54 9.16 Pnc Finl Svcs Gro Var 29 Due 6/12/2029 Bond 1.03 1.03 1,250,000.00 1,286,157.50 1.49 Pnc Financial Services Note 4.76% 1/26/2027 Bond 1.00 1.00 40,000.00 40,018.32 0.05 Novartis Capital Corp Note 3.80% 9/18/2029 Bond 1.00 0.98 465,000.00 454,890.44 0.53 Nordea Bk Abp New York Brh 5.53% 11/3/2025 CD 1.00 1.01 325,000.00 327,455.05 0.38 Natixis, New Yor 5.61%26 Cd Fdic Ins Due 9/18/2026 Fr CD 1.00 1.02 500,000.00 510,210.00 0.59 Morgan Stanley Var 28 Due 4/13/2028 Bond 1.02 1.02 500,000.00 509,948.00 0.59 Morgan Stanley Ser I Mtn 4.21% 4/20/2028 Bond 0.99 0.99 500,000.00 496,200.00 0.57 Morgan Stanley Note Call Make Whole 5.05% 1/28/2027 Bond 1.00 1.00 200,000.00 200,563.80 0.23 Morgan Stanley Medium Term Note 3.125% 7/27/2026 Bond 1.06 0.98 175,000.00 171,972.15 0.20 Morgan Stanley 4.431% 1/23/2030 Bond 0.99 0.99 250,000.00 246,320.50 0.28 Mercedes Benz Auto Receivables 5.21% 8/16/2027 Bond 0.55 0.55 265,000.00 145,045.21 0.17 Mbart Remic 2023-1 A3 0.045 11/15/2027 Bond 0.65 0.65 135,000.00 87,759.94 0.10 Mastercard Inc 4.1%28 Due 1/15/2028 Bond 1.00 1.00 160,000.00 159,591.68 0.18 Jpmorgan Chase & Company 0.000 4/22/2027 Bond 0.97 0.97 400,000.00 388,021.60 0.45 Jpmorgan Chase & Co Sr Nt Fixed/fltg 0.00% 1/23/2030 Bond 1.01 1.01 500,000.00 504,934.00 0.58 JP Morgan Chase Bk 5.11% 12/8/2026 Bond 1.00 1.01 400,000.00 405,228.40 0.47 JP Morgan Chase &Co Note Call Make Whole 4.08% 4/26/2026 Bond 1.00 1.00 100,000.00 99,877.20 0.12 Hyundai Auto Recs Tr Cmo 2023-C Cl A3 Monthly 0 Day Delay Bond 1.00 1.01 200,000.00 202,655.74 0.23 Name Account/Security Type Unit Cost Price Quantity Market Value % Assets Client Aggregate - - - 86,437,910.31 100.00
Hyundai Auto Rec Tr Ser 2024-c Cl A-3 4.42% 5/15/2029 Bond 1.00 1.00 240,000.00 240,386.59 0.28 Hyundai Auto Rec Tr Ser 2022-c Cl A-3 5.39% 6/15/2027 Bond 0.61 0.61 185,000.00 113,067.76 0.13 Hyundai Auto Rec 5.48% Abs-Auto 4/17/2028 -23B- Bond 1.00 1.01 140,000.00 141,112.99 0.16 Hyundai Auto Rec 4.58% Abs-Auto Due 4/15/2027 -23A- Bond 0.73 0.73 220,000.00 159,867.97 0.18 Hyundai Auto 2.22% 10/15/2026 Bond 0.19 0.19 185,000.00 35,241.72 0.04 Honeywell Intl Inc Note Call Make Whole 4.65% 7/30/2027 Bond 1.00 1.01 160,000.00 161,088.32 0.19 Honeywell Intern 4.95% Due 2/15/2028 Bond 1.03 1.02 225,000.00 229,016.25 0.26 Honda Auto Receivables 2023-4 Cl A3 5.67% 6/21/2028 Bond 1.00 1.01 115,000.00 116,420.34 0.13 Home Depot Inc Note Call Make Whole 2.80% 9/14/2027 Bond 0.94 0.97 250,000.00 241,490.50 0.28 Harley-Davidson Tr Ser 2023-A Cl A-3 5.05% 12/15/2027 Bond 0.77 0.77 230,000.00 176,587.65 0.20 Harley-davidson Motorcycle Tr 3.06% 2/16/2027 Bond 0.19 0.19 175,000.00 32,416.48 0.04 Harley Davidson Mtr Tr Cmo 2023-B Cl A3 Monthly 0 Day Delay Bond 1.00 1.01 465,000.00 470,273.47 0.54 Gm Finl Consumer Automobile 0.68% 9/16/2026 Bond 0.10 0.10 80,000.00 8,202.05 0.01 Gm Finl Consumer 5.45% Abs-Auto Due 12/18/2028 -233- Bond 1.00 1.01 140,000.00 141,254.34 0.16 Gm Finl Consumer 4.47% Abs-Auto Due 2/16/2028 -232- Bond 0.90 0.90 180,000.00 161,390.14 0.19 Gm Finl Consumer 4.4%29 Abs-auto Due 8/16/2029 -244- Bond 1.00 1.00 165,000.00 165,041.70 0.19 Gm Finl Consumer 1.26% 11/16/2026 Bond 0.15 0.15 75,000.00 10,954.07 0.01 Gm Finl Cons Auto Rec Tr Cmo 2023-4 Cl A3 MO nthly 0 Day Delay Var Bond 1.00 1.02 215,000.00 218,228.55 0.25
General Dynamics Corporation 3.75% 5/15/2028 Bond 0.97 0.98 275,000.00 270,197.68 0.31 Ford Cr Auto Owner 5.23% 5/15/2028 Bond 1.00 1.01 200,000.00 201,546.84 0.23 Ford CR Auto Owner 4.65% 2/15/2028 Bond 0.85 0.86 180,000.00 153,961.09 0.18 FNMA Remic Trust 2017-M15 A2 2.959% 9/25/2027 Bond 0.78 0.81 400,000.00 323,448.56 0.37 FNMA Gtd 2.702% 2/25/2026 Bond 0.46 0.48 300,000.00 143,640.51 0.17 Florida St Brd Admin Fin Corp Rev Taxable 1.26% 7/1/2025 Bond 1.00 0.99 255,000.00 252,901.35 0.29 Fifth Third Auto Tr Ser 2023-1 Cl A-3 5.90% 8/15/2028 Bond 1.00 1.01 475,000.00 479,217.48 0.55 FHLMC Ser K-514 Cl A2 4.572% 12/25/2028 Bond 1.01 1.01 330,000.00 332,346.83 0.38 FHLMC Ser K505 Cl A2 4.82% 6/25/2028 Bond 1.01 1.01 700,000.00 709,796.43 0.82 FHLMC Ser K051 Cl A2 3.308% 9/25/2025 Bond 0.93 0.92 150,000.00 138,245.01 0.16 FHLMC Multifamily Structured P Ser K065 Cl A2 *24 Day Delay

3.243% 4/25/2027 Bond 0.96 0.98 600,000.00 588,042.36 0.68 Name Account/Security Type Unit Cost Price Quantity Market Value % Assets Client Aggregate - - - 86,437,910.31 100.00
FHLMC Multiclass Mtg Partn Ctfs Gtd 3.151% 11/25/2025 Bond 0.95 0.95 250,000.00 238,182.83 0.28 FHLMC Multiclass Mtg Partn Ctfs Gtd 2.745% 1/25/2026 Bond 0.89 0.93 525,000.00 487,560.73 0.56 FHLMC Mltcl Mt 2.282% 7/25/2026 Bond 0.84 0.88 400,000.00 351,562.84 0.41 Fhlmc 5.272%28 Mbs-cmo Due 8/25/2028 -kj47- Bond 0.93 0.95 285,000.00 270,722.84 0.31 Fhlmc 5.21%29 Due 10/24/2029 Bond 1.00 1.00 2,000,000.00 2,000,878.00 2.31 Fhlmc 5.18%29 Mbs-cmo Due 3/25/2029 -k520- Bond 1.00 1.03 295,000.00 303,445.97 0.35 Fhlmc 5.069%28 Mbs-cmo Due 10/25/2028 -k510- Bond 1.00 1.02 235,000.00 240,214.67 0.28 Fhlmc 5%28 Mbs-cmo Due 11/25/2028 -k512- Bond 1.01 1.02 265,000.00 270,390.97 0.31 Fhlmc 4.86%28 Mbs-cmo Due 10/25/2028 -k511- Bond 1.00 1.02 360,000.00 365,795.06 0.42 Fhlmc 4.85%28 Mbs-cmo Due 9/25/2028 -k509- Bond 0.98 1.02 600,000.00 609,287.82 0.70 Fhlmc 4.803%29 Mbs-cmo Due 5/25/2029 -k522- Bond 1.00 1.02 675,000.00 685,729.40 0.79 Fhlmc 4.791%29 Mbs-cmo Due 9/25/2029 -k529- Bond 1.02 1.02 310,000.00 315,173.93 0.36 Fhlmc 4.74%28 Mbs-cmo Due 8/25/2028 -k508- Bond 0.98 1.01 650,000.00 657,854.21 0.76 Fhlmc 4.65%28 Mbs-cmo Due 8/25/2028 -k506- Bond 0.99 1.01 650,000.00 656,233.76 0.76 Fhlmc 4.543%29 Mbs-cmo Due 7/25/2029 -k526- Bond 1.01 1.01 495,000.00 498,371.59 0.58 Fhlmc 4.508%29 Mbs-cmo Due 7/25/2029 -k528- Bond 1.02 1.01 195,000.00 196,068.05 0.23 FHLMC 3.43% 1/25/2027 Bond 0.97 0.99 700,000.00 689,612.42 0.80 FHLMC 3.347% 11/25/2026 Bond 0.94 0.95 240,000.00 228,988.92 0.26 FHLMC 2.995% 12/25/2025 Bond 0.94 0.94 250,000.00 235,545.90 0.27 FHLMC 2.653% 9/25/2049 Bond 0.95 0.98 450,000.00 439,859.66 0.51 FHLMC 2.57% 7/25/2026 Bond 0.95 0.98 300,000.00 293,951.40 0.34 FHLMC 1.77% 5/25/2028 Bond 0.88 0.93 500,000.00 464,089.45 0.54 FHLMC 1.336% 9/25/2027 Bond 0.92 0.94 450,000.00 422,923.77 0.49 Federal Ntnl Mortga 5%30 Due 3/27/2030 Bond 1.00 1.00 2,000,000.00 1,999,110.00 2.31 Federal Ntnl Mor 5.05%30 Due 2/13/2030 Bond 1.00 1.00 2,000,000.00 2,000,030.00 2.31 Federal Ntnl Mo 4.181%28 Mbs-cmo Due 7/25/2028 -23m6- Bond 0.92 0.95 550,000.00 521,719.06 0.60 Federal Ntnl Mo 3.061%27 Mbs-cmo Due 6/25/2027 -17m12- Bond 0.55 0.57 400,000.00 229,908.96 0.27 Federal Home Ln Mtg 0.00% Mbs-cmo 1/25/2029 -k518- Bond 1.05 1.04 525,000.00 543,509.61 0.63 Federal Home Ln 4.72%29 Mbs-cmo Due 5/25/2029 -- Bond 1.01 1.01 520,000.00 526,865.14 0.61 Eli Lilly & Co Note Call Make Whole 4.50% 2/9/2027 Bond 1.00 1.01 270,000.00 271,558.17 0.31 Name Account/Security Type Unit Cost Price Quantity Market Value % Assets Client Aggregate - - - 86,437,910.31 100.00
Discover Bank, A 4.31% Abs-Cc Due 3/15/2028 -231- Bond 1.00 1.00 225,000.00 224,689.79 0.26 Discover Bank A 4.93% Abs-Cc 6/15/2028 -232- Bond 1.00 1.01 455,000.00 458,245.24 0.53 Deere John Capital Corp Mtn 2.35% 3/8/2027 Bond 1.00 0.96 125,000.00 120,617.75 0.14 Deere John Cap Corp Medium Term 5.15% 9/8/2026 Bond 1.00 1.01 300,000.00 304,054.50 0.35 Credit Agricole 4.76%27 Cd Fdic Ins Due 2/1/2027 Us CD 1.00 1.01 525,000.00 527,824.50 0.61 Conocophillips Co 4.7%30 Due 1/15/2030 Bond 1.00 1.00 750,000.00 753,636.75 0.87 Commonwealth B5.316% 26f Due 3/13/2026 Bond 1.00 1.01 100,000.00 101,008.30 0.12 Citigroup 1/10/2028 Bond 0.95 0.99 175,000.00 172,862.03 0.20 Citibank NA Note 5.49% 12/4/2026 Bond 1.00 1.02 250,000.00 254,387.25 0.29 CISCO SYS INC SR NOTE Bond 1.00 1.01 305,000.00 308,466.33 0.36 Chase Issuance Trust Series 2024-A1 Class A 4.60% Due 1/16/ 2029 Dated 1/31/2024 Bond 1.00 1.01 520,000.00 522,939.35 0.60 Carmax Auto Owner Tr 2021-3 0.55% 6/15/2026 Bond 0.05 0.05 155,000.00 8,038.86 0.01 Carmax Auto Owner 5.34% 8/16/2027 Bond 0.61 0.61 195,000.00 119,372.51 0.14 Capital One Prime Auto 0.77% 9/15/2026 Bond 0.11 0.11 95,000.00 10,085.79 0.01 Capital One Funding 4.42% 5/15/2028 Bond 1.00 1.00 415,000.00 415,288.26 0.48 Capital One 3.92% 9/17/2029 Bond 1.00 0.99 615,000.00 610,432.64 0.71 California St 4.846%27 Go Utx Due 3/1/2027 Xtro Taxbl Bond 1.00 1.01 265,000.00 268,619.90 0.31 Burlington Northn Santa Fe Cp Bond 3.00% 4/1/2025 Bond 1.08 1.00 110,000.00 109,984.93 0.13 Bp Cap Mkts Amer Inc Note Call Make Whole 5.017% 11/17/2027 Bond 1.00 1.02 380,000.00 385,824.26 0.45 Bmw Veh Owner Tr 5.47%28 Abs-auto Due 2/25/2028 -23a- Bond 0.94 0.95 115,000.00 109,258.96 0.13 Bank of America, 4.98% Abs-cc 11/15/2028 -232- Bond 1.00 1.02 230,000.00 233,785.41 0.27 Bank Of America, 4.79% Abs-Cc Due 5/15/2028 -231- Bond 1.00 1.00 230,000.00 231,096.71 0.27 Bank Of America Corp Note Call Make Whole 1.73% 7/22/2027 Bond 0.96 0.96 500,000.00 481,929.50 0.56 Bank Of America 5.526% Due 8/18/2026 Bond 1.00 1.02 450,000.00 457,378.20 0.53 Bank NY Mellon Corp Ser J Mtn 1.60% 4/24/2025 Bond 1.02 1.00 115,000.00 114,712.16 0.13 Bank NY Mellon Corp Mtn 4.95% 4/26/2027 Bond 1.00 1.01 325,000.00 326,690.00 0.38 Bank America Corp Sr Note Fxd/Var Bond 0.98 0.98 225,000.00 220,808.70 0.26 Bank Amer Corp Sr Glbl Nt 3.419% 12/20/2028 Bond 0.97 0.97 500,000.00 484,114.50 0.56 BAA-Jp Morgan Chase Bk NA 3.54% 5/1/2028 Bond 0.94 0.98 250,000.00 245,130.75 0.28 Name Account/Security Type Unit Cost Price Quantity Market Value % Assets Client Aggregate - - - 86,437,910.31 100.00
Astrazeneca Fin L 4.80% 2/26/2027 Bond 1.00 1.01 175,000.00 176,771.88 0.20 Apple Inc Note Call Make Whole 3.20% 5/11/2027 Bond 0.99 0.98 250,000.00 245,412.50 0.28 American Honda Fin Corp Med 2.35% 1/8/2027 Bond 0.92 0.96 250,000.00 240,936.25 0.28 American Honda F 5.25% Due 7/7/2026 Bond 1.00 1.01 155,000.00 156,344.01 0.18 American Express Company 0.000 7/26/2028 Bond 1.00 1.01 70,000.00 70,870.80 0.08 American Express Co Nt Fixed/Fltg 5.282% 7/27/2029 Bond 1.02 1.02 500,000.00 509,947.50 0.59 American Express 4.87% Abs-Cc 5/15/2028 -231- Bond 1.00 1.01 255,000.00 256,394.88 0.30 American Exp Cr 5.23% 4/16/2029 Bond 1.00 1.02 625,000.00 636,874.19 0.74 Ally Auto Receiv 5.46% Abs-auto 5/15/2028 -231- Bond 1.00 1.01 250,000.00 251,901.63 0.29 Name Account Number Mgmt. Style Account/Security Type Unit Cost Price Quantity Market Value % Assets City of Santa Fe Springs - Fixed Income 47275745 Gov SMA - - - 85,072,420.76 100.00 World Omni Auto Receivables Tr 0.81% 10/15/2026 Bond 0.07 0.07 120,000.00 8,796.30 0.01 Wf Card Issuance Ser Cl A 4.94% 2/15/2029 Bond 1.00 1.01 650,000.00 656,732.25 0.77 Wf Card Issuance 4.29%29 Mbs-cmo Due 10/15/2029
-242- Bond 1.00 1.00 235,000.00 234,728.69 0.28
Wells Fargo Bank Natl Assn Note 5.45% 8/7/2026 Bond 1.00 1.01 250,000.00 253,394.00 0.30 Wells Fargo Bank 5.254% 12/11/2026 Bond 1.00 1.01 400,000.00 405,538.00 0.48 Wells Fargo & Co Medium Term 3.526% 3/24/2028 Bond 0.94 0.98 250,000.00 245,060.25 0.29 Volkswagen Auto Ln Enhanced Tr 1.02% 6/22/2026 Bond 0.01 0.01 125,000.00 1,619.48 0.00 US Treasury Note W-2027 2.50% 3/31/2027 Bond 0.99 0.97 600,000.00 583,968.72 0.69 US Treasury Note 4.625% 9/30/2028 Bond 1.00 1.02 425,000.00 434,894.51 0.51 US Treasury Note 4.50% 5/31/2029 Bond 1.01 1.02 1,200,000.00 1,226,062.44 1.44 US Treasury Note 4.375% 7/15/2027 Bond 1.01 1.01 700,000.00 707,218.75 0.83 US Treasury Note 4.375% 12/31/2029 Bond 1.00 1.02 850,000.00 865,406.25 1.02 US Treasury Note 4.375% 11/30/2028 Bond 1.01 1.02 250,000.00 253,906.25 0.30 US Treasury Note 4.25% 6/30/2029 Bond 0.99 1.01 1,150,000.00 1,164,015.63 1.37 US Treasury Note 4.25% 2/28/2029 Bond 1.00 1.01 650,000.00 657,718.75 0.77 US Treasury Note 4.125% 3/31/2029 Bond 0.98 1.01 2,075,000.00 2,090,238.18 2.46 Name Account Number Mgmt. Style Account/Security Type Unit Cost Price Quantity Market Value % Assets City of Santa Fe Springs - Fixed Income 47275745 Gov SMA - - - 85,072,420.76 100.00 US Treasury Note 4.125% 11/30/2029 Bond 0.99 1.01 1,800,000.00 1,814,062.50 2.13 US Treasury Note 4.125% 10/31/2029 Bond 1.00 1.01 500,000.00 503,671.85 0.59 US Treasury Note 4.00% 2/29/2028 Bond 0.99 1.00 1,700,000.00 1,705,046.79 2.00 US Treasury Note 4.00% 2/28/2030 Bond 1.00 1.00 1,000,000.00 1,002,343.70 1.18 US Treasury Note 3.875% 3/15/2028 Bond 1.00 1.00 1,000,000.00 999,843.70 1.18 US Treasury Note 3.875% 12/31/2027 Bond 1.01 1.00 3,000,000.00 2,999,062.50 3.53 US Treasury Note 3.875% 11/30/2027 Bond 1.00 1.00 625,000.00 624,707.00 0.73 US Treasury Note 3.75% 8/15/2027 Bond 1.00 1.00 1,500,000.00 1,495,078.05 1.76 US Treasury Note 3.75% 12/31/2028 Bond 0.99 0.99 1,600,000.00 1,590,749.92 1.87 US Treasury Note 3.625% 5/31/2028 Bond 0.98 0.99 1,000,000.00 991,718.70 1.17 US Treasury Note 3.50% 9/30/2029 Bond 1.00 0.98 600,000.00 589,125.00 0.69 US Treasury Note 3.50% 1/31/2028 Bond 0.99 0.99 2,000,000.00 1,978,750.00 2.33 US Treasury Note 3.25% 6/30/2029 Bond 0.99 0.97 800,000.00 778,750.00 0.92 US Treasury Note 3.25% 6/30/2027 Bond 0.98 0.99 750,000.00 739,804.65 0.87 US Treasury Note 2.75% 4/30/2027 Bond 0.99 0.98 325,000.00 317,535.14 0.37 US Treasury Note 2.625% 5/31/2027 Bond 0.98 0.97 725,000.00 705,855.43 0.83 US Treasury Note 2.25% 2/15/2027 Bond 0.94 0.97 4,585,000.00 4,446,733.36 5.23 Unitedhealth Group Inc Note 4.80% 1/15/2030 Bond 1.01 1.01 750,000.00 757,232.25 0.89 United States Bancorp Medium U S Bancorp Medium
Term Nts- R 5.384% 1/23/2030 Bond 1.02 1.02 500,000.00 510,829.50 0.60 Union Pac 3.95% 9/10/2028 Bond 0.99 0.99 500,000.00 493,704.50 0.58 Ubs Ag, Stamfo4.864% 28f Due 1/10/2028 Bond 1.00 1.00 250,000.00 251,196.25 0.30 U S Bancorp Medium Term Nts 0.00% 6/12/2029 Bond 1.03 1.03 500,000.00 514,493.50 0.60 Truist Finl Corp 4.26% 7-28-2026 Bond 1.00 1.00 105,000.00 104,769.95 0.12 Truist Financial Corporation N Ote M/W Clbl 5.90% 10/
28/2026 Bond 1.00 1.01 110,000.00 110,662.64 0.13
Toyota Motor Cre 4.35%27 Due 10/8/2027 Bond 1.00 1.00 130,000.00 129,890.80 0.15 Toyota Auto Rece 5.09% Abs-Auto Due 2/15/2028 -23B- Bond 1.00 1.00 270,000.00 270,264.98 0.32 Toyota Auto Rec Tr 2023-D A-3 0.059 8/15/2028 Bond 1.00 1.01 130,000.00 131,652.92 0.15 Toyota Auto Rec Own Ser 2021-D Cl A-3 0.71% 4/15/
2026 Bond 0.06 0.06 100,000.00 5,720.36 0.01
Name Account Number Mgmt. Style Account/Security Type Unit Cost Price Quantity Market Value % Assets City of Santa Fe Springs - Fixed Income 47275745 Gov SMA - - - 85,072,420.76 100.00 Texas Instruments Inc Sr Nt 4.60% 2/8/2027 Bond 1.00 1.01 310,000.00 312,474.42 0.37 Texas Instrs Inc 4.60% 2/15/2028 Bond 1.02 1.01 115,000.00 116,199.22 0.14 Target Corp 1.95% 1/15/2027 Bond 1.00 0.96 200,000.00 192,317.40 0.23 State Str Corporation VAR 5.751% 11/4/2026 Bond 1.00 1.01 45,000.00 45,296.01 0.05 State Str Corp Sr Nt 4.33% 10/22/2027 Bond 1.00 1.00 300,000.00 300,196.20 0.35 STATE STR CORP SR NOTE Bond 1.00 1.01 210,000.00 212,610.72 0.25 State Str Corp Note 5.27% 8/3/2026 Bond 1.00 1.01 195,000.00 197,221.25 0.23 Schwab Bank Sweep Mutual Fund - 1.00 7,914,923.54 7,914,923.54 9.30 Pnc Finl Svcs Gro Var 29 Due 6/12/2029 Bond 1.03 1.03 1,250,000.00 1,286,157.50 1.51 Pnc Financial Services Note 4.76% 1/26/2027 Bond 1.00 1.00 40,000.00 40,018.32 0.05 Novartis Capital Corp Note 3.80% 9/18/2029 Bond 1.00 0.98 465,000.00 454,890.44 0.53 Morgan Stanley Var 28 Due 4/13/2028 Bond 1.02 1.02 500,000.00 509,948.00 0.60 Morgan Stanley Ser I Mtn 4.21% 4/20/2028 Bond 0.99 0.99 500,000.00 496,200.00 0.58 Morgan Stanley Note Call Make Whole 5.05% 1/28/2027 Bond 1.00 1.00 200,000.00 200,563.80 0.24 Morgan Stanley Medium Term Note 3.125% 7/27/2026 Bond 1.06 0.98 175,000.00 171,972.15 0.20 Morgan Stanley 4.431% 1/23/2030 Bond 0.99 0.99 250,000.00 246,320.50 0.29 Mercedes Benz Auto Receivables 5.21% 8/16/2027 Bond 0.55 0.55 265,000.00 145,045.21 0.17 Mbart Remic 2023-1 A3 0.045 11/15/2027 Bond 0.65 0.65 135,000.00 87,759.94 0.10 Mastercard Inc 4.1%28 Due 1/15/2028 Bond 1.00 1.00 160,000.00 159,591.68 0.19 Jpmorgan Chase & Company 0.000 4/22/2027 Bond 0.97 0.97 400,000.00 388,021.60 0.46 Jpmorgan Chase & Co Sr Nt Fixed/fltg 0.00% 1/23/2030 Bond 1.01 1.01 500,000.00 504,934.00 0.59 JP Morgan Chase Bk 5.11% 12/8/2026 Bond 1.00 1.01 400,000.00 405,228.40 0.48 JP Morgan Chase &Co Note Call Make Whole 4.08% 4/
26/2026 Bond 1.00 1.00 100,000.00 99,877.20 0.12
Hyundai Auto Recs Tr Cmo 2023-C Cl A3 Monthly 0 Day
Delay Bond 1.00 1.01 200,000.00 202,655.74 0.24
Hyundai Auto Rec Tr Ser 2024-c Cl A-3 4.42% 5/15/2029 Bond 1.00 1.00 240,000.00 240,386.59 0.28 Hyundai Auto Rec Tr Ser 2022-c Cl A-3 5.39% 6/15/2027 Bond 0.61 0.61 185,000.00 113,067.76 0.13 Hyundai Auto Rec 5.48% Abs-Auto 4/17/2028 -23B- Bond 1.00 1.01 140,000.00 141,112.99 0.17 Hyundai Auto Rec 4.58% Abs-Auto Due 4/15/2027 -23A- Bond 0.73 0.73 220,000.00 159,867.97 0.19 Hyundai Auto 2.22% 10/15/2026 Bond 0.19 0.19 185,000.00 35,241.72 0.04 Name Account Number Mgmt. Style Account/Security Type Unit Cost Price Quantity Market Value % Assets City of Santa Fe Springs - Fixed Income 47275745 Gov SMA - - - 85,072,420.76 100.00 Honeywell Intl Inc Note Call Make Whole 4.65% 7/30/
2027 Bond 1.00 1.01 160,000.00 161,088.32 0.19
Honeywell Intern 4.95% Due 2/15/2028 Bond 1.03 1.02 225,000.00 229,016.25 0.27 Honda Auto Receivables 2023-4 Cl A3 5.67% 6/21/2028 Bond 1.00 1.01 115,000.00 116,420.34 0.14 Home Depot Inc Note Call Make Whole 2.80% 9/14/2027 Bond 0.94 0.97 250,000.00 241,490.50 0.28 Harley-Davidson Tr Ser 2023-A Cl A-3 5.05% 12/15/2027 Bond 0.77 0.77 230,000.00 176,587.65 0.21 Harley-davidson Motorcycle Tr 3.06% 2/16/2027 Bond 0.19 0.19 175,000.00 32,416.48 0.04 Harley Davidson Mtr Tr Cmo 2023-B Cl A3 Monthly 0
Day Delay Bond 1.00 1.01 465,000.00 470,273.47 0.55
Gm Finl Consumer Automobile 0.68% 9/16/2026 Bond 0.10 0.10 80,000.00 8,202.05 0.01 Gm Finl Consumer 5.45% Abs-Auto Due 12/18/2028
-233- Bond 1.00 1.01 140,000.00 141,254.34 0.17
Gm Finl Consumer 4.47% Abs-Auto Due 2/16/2028 -232- Bond 0.90 0.90 180,000.00 161,390.14 0.19 Gm Finl Consumer 4.4%29 Abs-auto Due 8/16/2029
-244- Bond 1.00 1.00 165,000.00 165,041.70 0.19
Gm Finl Consumer 1.26% 11/16/2026 Bond 0.15 0.15 75,000.00 10,954.07 0.01 Gm Finl Cons Auto Rec Tr Cmo 2023-4 Cl A3 MO nthly 0
Day Delay Var Bond 1.00 1.02 215,000.00 218,228.55 0.26 General Dynamics Corporation 3.75% 5/15/2028 Bond 0.97 0.98 275,000.00 270,197.68 0.32 Ford Cr Auto Owner 5.23% 5/15/2028 Bond 1.00 1.01 200,000.00 201,546.84 0.24 Ford CR Auto Owner 4.65% 2/15/2028 Bond 0.85 0.86 180,000.00 153,961.09 0.18 FNMA Remic Trust 2017-M15 A2 2.959% 9/25/2027 Bond 0.78 0.81 400,000.00 323,448.56 0.38 FNMA Gtd 2.702% 2/25/2026 Bond 0.46 0.48 300,000.00 143,640.51 0.17 Florida St Brd Admin Fin Corp Rev Taxable 1.26% 7/1/
2025 Bond 1.00 0.99 255,000.00 252,901.35 0.30
Fifth Third Auto Tr Ser 2023-1 Cl A-3 5.90% 8/15/2028 Bond 1.00 1.01 475,000.00 479,217.48 0.56 FHLMC Ser K-514 Cl A2 4.572% 12/25/2028 Bond 1.01 1.01 330,000.00 332,346.83 0.39 FHLMC Ser K505 Cl A2 4.82% 6/25/2028 Bond 1.01 1.01 700,000.00 709,796.43 0.83 FHLMC Ser K051 Cl A2 3.308% 9/25/2025 Bond 0.93 0.92 150,000.00 138,245.01 0.16 FHLMC Multifamily Structured P Ser K065 Cl A2 *24 Day
Delay 3.243% 4/25/2027 Bond 0.96 0.98 600,000.00 588,042.36 0.69 FHLMC Multiclass Mtg Partn Ctfs Gtd 3.151% 11/25/
2025 Bond 0.95 0.95 250,000.00 238,182.83 0.28
FHLMC Multiclass Mtg Partn Ctfs Gtd 2.745% 1/25/2026 Bond 0.89 0.93 525,000.00 487,560.73 0.57 Name Account Number Mgmt. Style Account/Security Type Unit Cost Price Quantity Market Value % Assets City of Santa Fe Springs - Fixed Income 47275745 Gov SMA - - - 85,072,420.76 100.00 FHLMC Mltcl Mt 2.282% 7/25/2026 Bond 0.84 0.88 400,000.00 351,562.84 0.41 Fhlmc 5.272%28 Mbs-cmo Due 8/25/2028 -kj47- Bond 0.93 0.95 285,000.00 270,722.84 0.32 Fhlmc 5.21%29 Due 10/24/2029 Bond 1.00 1.00 2,000,000.00 2,000,878.00 2.35 Fhlmc 5.18%29 Mbs-cmo Due 3/25/2029 -k520- Bond 1.00 1.03 295,000.00 303,445.97 0.36 Fhlmc 5.069%28 Mbs-cmo Due 10/25/2028 -k510- Bond 1.00 1.02 235,000.00 240,214.67 0.28 Fhlmc 5%28 Mbs-cmo Due 11/25/2028 -k512- Bond 1.01 1.02 265,000.00 270,390.97 0.32 Fhlmc 4.86%28 Mbs-cmo Due 10/25/2028 -k511- Bond 1.00 1.02 360,000.00 365,795.06 0.43 Fhlmc 4.85%28 Mbs-cmo Due 9/25/2028 -k509- Bond 0.98 1.02 600,000.00 609,287.82 0.72 Fhlmc 4.803%29 Mbs-cmo Due 5/25/2029 -k522- Bond 1.00 1.02 675,000.00 685,729.40 0.81 Fhlmc 4.791%29 Mbs-cmo Due 9/25/2029 -k529- Bond 1.02 1.02 310,000.00 315,173.93 0.37 Fhlmc 4.74%28 Mbs-cmo Due 8/25/2028 -k508- Bond 0.98 1.01 650,000.00 657,854.21 0.77 Fhlmc 4.65%28 Mbs-cmo Due 8/25/2028 -k506- Bond 0.99 1.01 650,000.00 656,233.76 0.77 Fhlmc 4.543%29 Mbs-cmo Due 7/25/2029 -k526- Bond 1.01 1.01 495,000.00 498,371.59 0.59 Fhlmc 4.508%29 Mbs-cmo Due 7/25/2029 -k528- Bond 1.02 1.01 195,000.00 196,068.05 0.23 FHLMC 3.43% 1/25/2027 Bond 0.97 0.99 700,000.00 689,612.42 0.81 FHLMC 3.347% 11/25/2026 Bond 0.94 0.95 240,000.00 228,988.92 0.27 FHLMC 2.995% 12/25/2025 Bond 0.94 0.94 250,000.00 235,545.90 0.28 FHLMC 2.653% 9/25/2049 Bond 0.95 0.98 450,000.00 439,859.66 0.52 FHLMC 2.57% 7/25/2026 Bond 0.95 0.98 300,000.00 293,951.40 0.35 FHLMC 1.77% 5/25/2028 Bond 0.88 0.93 500,000.00 464,089.45 0.55 FHLMC 1.336% 9/25/2027 Bond 0.92 0.94 450,000.00 422,923.77 0.50 Federal Ntnl Mortga 5%30 Due 3/27/2030 Bond 1.00 1.00 2,000,000.00 1,999,110.00 2.35 Federal Ntnl Mor 5.05%30 Due 2/13/2030 Bond 1.00 1.00 2,000,000.00 2,000,030.00 2.35 Federal Ntnl Mo 4.181%28 Mbs-cmo Due 7/25/2028
-23m6- Bond 0.92 0.95 550,000.00 521,719.06 0.61
Federal Ntnl Mo 3.061%27 Mbs-cmo Due 6/25/2027
-17m12- Bond 0.55 0.57 400,000.00 229,908.96 0.27
Federal Home Ln Mtg 0.00% Mbs-cmo 1/25/2029 -k518- Bond 1.05 1.04 525,000.00 543,509.61 0.64 Federal Home Ln 4.72%29 Mbs-cmo Due 5/25/2029 -- Bond 1.01 1.01 520,000.00 526,865.14 0.62 Eli Lilly & Co Note Call Make Whole 4.50% 2/9/2027 Bond 1.00 1.01 270,000.00 271,558.17 0.32 Discover Bank, A 4.31% Abs-Cc Due 3/15/2028 -231- Bond 1.00 1.00 225,000.00 224,689.79 0.26 Name Account Number Mgmt. Style Account/Security Type Unit Cost Price Quantity Market Value % Assets City of Santa Fe Springs - Fixed Income 47275745 Gov SMA - - - 85,072,420.76 100.00 Discover Bank A 4.93% Abs-Cc 6/15/2028 -232- Bond 1.00 1.01 455,000.00 458,245.24 0.54 Deere John Capital Corp Mtn 2.35% 3/8/2027 Bond 1.00 0.96 125,000.00 120,617.75 0.14 Deere John Cap Corp Medium Term 5.15% 9/8/2026 Bond 1.00 1.01 300,000.00 304,054.50 0.36 Conocophillips Co 4.7%30 Due 1/15/2030 Bond 1.00 1.00 750,000.00 753,636.75 0.89 Commonwealth B5.316% 26f Due 3/13/2026 Bond 1.00 1.01 100,000.00 101,008.30 0.12 Citigroup 1/10/2028 Bond 0.95 0.99 175,000.00 172,862.03 0.20 Citibank NA Note 5.49% 12/4/2026 Bond 1.00 1.02 250,000.00 254,387.25 0.30 CISCO SYS INC SR NOTE Bond 1.00 1.01 305,000.00 308,466.33 0.36 Chase Issuance Trust Series 2024-A1 Class A 4.60%
Due 1/16/2029 Dated 1/31/2024 Bond 1.00 1.01 520,000.00 522,939.35 0.61 Carmax Auto Owner Tr 2021-3 0.55% 6/15/2026 Bond 0.05 0.05 155,000.00 8,038.86 0.01 Carmax Auto Owner 5.34% 8/16/2027 Bond 0.61 0.61 195,000.00 119,372.51 0.14 Capital One Prime Auto 0.77% 9/15/2026 Bond 0.11 0.11 95,000.00 10,085.79 0.01 Capital One Funding 4.42% 5/15/2028 Bond 1.00 1.00 415,000.00 415,288.26 0.49 Capital One 3.92% 9/17/2029 Bond 1.00 0.99 615,000.00 610,432.64 0.72 California St 4.846%27 Go Utx Due 3/1/2027 Xtro Taxbl Bond 1.00 1.01 265,000.00 268,619.90 0.32 Burlington Northn Santa Fe Cp Bond 3.00% 4/1/2025 Bond 1.08 1.00 110,000.00 109,984.93 0.13 Bp Cap Mkts Amer Inc Note Call Make Whole 5.017% 11/
17/2027 Bond 1.00 1.02 380,000.00 385,824.26 0.45
Bmw Veh Owner Tr 5.47%28 Abs-auto Due 2/25/2028
-23a- Bond 0.94 0.95 115,000.00 109,258.96 0.13
Bank of America, 4.98% Abs-cc 11/15/2028 -232- Bond 1.00 1.02 230,000.00 233,785.41 0.27 Bank Of America, 4.79% Abs-Cc Due 5/15/2028 -231- Bond 1.00 1.00 230,000.00 231,096.71 0.27 Bank Of America Corp Note Call Make Whole 1.73% 7/
22/2027 Bond 0.96 0.96 500,000.00 481,929.50 0.57
Bank Of America 5.526% Due 8/18/2026 Bond 1.00 1.02 450,000.00 457,378.20 0.54 Bank NY Mellon Corp Ser J Mtn 1.60% 4/24/2025 Bond 1.02 1.00 115,000.00 114,712.16 0.13 Bank NY Mellon Corp Mtn 4.95% 4/26/2027 Bond 1.00 1.01 325,000.00 326,690.00 0.38 Bank America Corp Sr Note Fxd/Var Bond 0.98 0.98 225,000.00 220,808.70 0.26 Bank Amer Corp Sr Glbl Nt 3.419% 12/20/2028 Bond 0.97 0.97 500,000.00 484,114.50 0.57 BAA-Jp Morgan Chase Bk NA 3.54% 5/1/2028 Bond 0.94 0.98 250,000.00 245,130.75 0.29 Astrazeneca Fin L 4.80% 2/26/2027 Bond 1.00 1.01 175,000.00 176,771.88 0.21 Name Account Number Mgmt. Style Account/Security Type Unit Cost Price Quantity Market Value % Assets City of Santa Fe Springs - Fixed Income 47275745 Gov SMA - - - 85,072,420.76 100.00 Apple Inc Note Call Make Whole 3.20% 5/11/2027 Bond 0.99 0.98 250,000.00 245,412.50 0.29 American Honda Fin Corp Med 2.35% 1/8/2027 Bond 0.92 0.96 250,000.00 240,936.25 0.28 American Honda F 5.25% Due 7/7/2026 Bond 1.00 1.01 155,000.00 156,344.01 0.18 American Express Company 0.000 7/26/2028 Bond 1.00 1.01 70,000.00 70,870.80 0.08 American Express Co Nt Fixed/Fltg 5.282% 7/27/2029 Bond 1.02 1.02 500,000.00 509,947.50 0.60 American Express 4.87% Abs-Cc 5/15/2028 -231- Bond 1.00 1.01 255,000.00 256,394.88 0.30 American Exp Cr 5.23% 4/16/2029 Bond 1.00 1.02 625,000.00 636,874.19 0.75 Ally Auto Receiv 5.46% Abs-auto 5/15/2028 -231- Bond 1.00 1.01 250,000.00 251,901.63 0.30 Name Account Number Mgmt. Style Account/Security Type Unit Cost Price Quantity Market Value % Assets City of Santa Fe Springs - MM & CD 98535216 Gov Cash - CD/ MM
- - - 1,365,489.55 100.00
Nordea Bk Abp New York Brh 5.53% 11/3/2025 CD 1.00 1.01 325,000.00 327,455.05 23.98 Natixis, New Yor 5.61%26 Cd Fdic Ins Due 9/18/2026 Fr CD 1.00 1.02 500,000.00 510,210.00 37.36 Credit Agricole 4.76%27 Cd Fdic Ins Due 2/1/2027 Us CD 1.00 1.01 525,000.00 527,824.50 38.65

Santa Fe Springs City CouncilJune 3, 2025

Santa Fe Springs City Council
June 3, 2025