Agenda packet, regular meeting — Santa Paula City Council, March 1, 2023 (part 1 of 2)

City of Santa Paula
City Council

MAYOR ANDY SOBEL

VICE MAYOR LESLIE CORNEJO

COUNCILMEMBER JENNY CROSSWHITE

COUNCILMEMBER CARLOS JUAREZ
COUNCILMEMBER PEDRO A. CHAVEZ

CITY COUNCIL REGULAR MEETING OF THE

SANTA PAULA CITY COUNCIL
WEDNESDAY, MARCH 1, 2023
6:30 PM - City Council Regular Meeting

SANTA PAULA CITY HALL
970 VENTURA STREET
SANTA PAULA, CA 93060

JULIE LATSHAW, CITY CLERK

DAN SINGER, CITY MANAGER

MONICA CASTILLO, INTERIM CITY ATTORNEY
City of Santa Paula - City Council - City Council Regular Meeting 1

BRINGING ITEMS BEFORE THE CITY COUNCIL
You are invited to participate in all Regular City Council meetings. Agendas are posted in the front of Santa Paula City Hall, 970 Ventura Street, Santa Paula, 72 hours in advance of the scheduled meetings. The City Council's regular meetings start at 6:30 p.m. the first and third Wednesday of each month in the City Hall Council Chambers located at 970 Ventura Street in Santa Paula.

HOW TO PARTICIPATE IN PERSON DURING THE MEETING: If you wish to speak at a City Council meeting, please fill out a Public Comment Form noting your name and address and submit the form to the City Clerk. Include the Agenda item number, when appropriate. Public comments are limited to 3 minutes.

1. Items Not on the Agenda: If you wish to discuss an item which is not scheduled on the Agenda, you may address the City Council during Public Comment. Please realize that due to the limitations placed on the City Council by provisions of the California Government Code, the City Council ordinarily cannot take action on any item that is not on the agenda. Because of these restrictions, expect that matters that you identify during public comment may be referred to staff or considered on a future agenda.

2. Agenda Items: Items being considered by the City Council may appear on the Consent Calendar, as an Action Item, or as a Public Hearing. Public comments on each type of item are handled differently, as explained below:
a. For items appearing on the Consent Calendar, please submit a Public Comment Form before the Council takes action on the Consent Calendar. Items that receive a Public Comment Form may be pulled from the Consent Calendar by the Mayor and discussed separately by the City Council.
b. For items appearing as an Action Item, the Mayor will announce the Agenda item and request the staff report, the staff member responsible will give a brief summary of the report; the City Council will have an opportunity to ask questions of staff; members of the public will be given an opportunity to comment on the item and ask additional questions (all members of the public should speak directly into the microphone at the speaker’s platform); and the City Council will discuss the item and then take appropriate action.
c. For items on which a Public Hearing is scheduled, the Mayor will open the public hearing and receive the staff report; members of the public will be given an opportunity to comment on the item and ask additional questions (all members of the public should speak directly into the microphone at the speaker’s platform); the City Council will discuss the item; and the Mayor will close the public hearing after City Council action.

HOW TO PARTICIPATE BEFORE THE MEETING: Members of the public are encouraged to submit email correspondence on any agenda item by sending an email to [email protected]. All public correspondence received by 3:00 p.m. (PT) on the meeting date will be provided to the legislative body before the meeting. Public Comments received after 3:00 p.m. will be provided to the legislative body the next day.

Your Participation in this meeting is in the public domain; meetings are cablecast; minutes of this meeting will reflect your participation in this meeting and are posted on the city’s website.

PLEASE NOTE: Be advised that if you bring a legal challenge to an action, you may be limited to raising only those issues you or someone else raised at the meeting described in this Agenda, or in written correspondence delivered to the City Council at or before the meeting.

Any action is subject to the ninety-day time period set forth in Code of Civil Procedure § 1094.6.

City of Santa Paula - City Council - City Council Regular Meeting 2

1. CALL TO ORDER
REMINDER: in order to minimize distractions during public meetings, all personal communication devices should be turned off or put in a non-audible mode.

2. INVOCATION

3. FLAG SALUTE

4. ROLL CALL

5. CLOSED SESSION REPORT

6. PUBLIC COMMENT
At this time, members of the public may comment on any item not appearing on the agenda that is within the subject-matter jurisdiction of the City Council. A Public Comment Form must be submitted to the City Clerk prior to the beginning of the Public Comment period in order to be recognized to speak. Individuals submitting Public Comment Forms after the beginning of the Public Comment period will not be allowed to speak at this time, but may be recognized to speak by the Mayor at the conclusion of the meeting. Individual Councilmembers may briefly respond to Public Comments or ask questions for clarification. The City Council may direct staff to report to the City Council on the item at a later meeting. For items appearing on the Agenda, the public will be invited to make comments at the time the item comes up for City Council consideration. If a member of the public wishes to address a Consent Calendar item, please submit a Public Comment Form for that item. It may then be discussed separately by the Council, and the public will be invited to make comments at that time. At all times, please use the microphone and write your name and address on the Public Comment Form provided.

7. PRESENTATIONS

7.A ARBOR DAY PROCLAMATION

7.B

INTERFACE CHILDREN & FAMILY SERVICES

7.C CITY MANAGER'S DEPARTMENT QUARTERLY REPORT

8. CITY COUNCIL REPORTS

9. CITY MANAGER REPORTS
In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the City Clerk at (805) 933-4208. Notification 48 hours before the meeting will enable the City to make reasonable arrangements to ensure accessibility to this meeting. (28 CFR 35, 102-35.104 ADA Title II). Written materials distributed to the City Council within 72 hours of the City Council meeting are available for public inspection immediately upon distribution in the City Clerk’s office.

REGULAR MATTERS - COUNCIL CHAMBERS
City of Santa Paula - City Council - City Council Regular Meeting 3

10. CONSENT CALENDAR
Background information has been provided to the City Council on all matters listed under the Consent Calendar and these items are considered to be routine by the City Council and are normally approved by one motion. If discussion is requested by a Councilmember on any item, or a member of the public wishes to comment on an item, that item may be removed from the Consent Calendar for separate action.

10.A APPROVAL OF MINUTES
City Council Special Minutes for February 15, 2023
City Council Regular Minutes for February 15, 2023
City Council Special Minutes for February 17, 2023

10.B AMENDMENT NO. 1 TO THE PROFESSIONAL SERVICES AGREEMENT

WITH MKN & ASSOCIATES RELATING TO THE WATER RECYCLING

FACILITY AMMONIA ANALYZERS PROJECT
RECOMMENDATION:

Staff recommends that the City Council:

1. Authorize the City Manager to execute Amendment No. 1 to the Professional Services Agreement with MKN & Associates, Inc., in a form approved by the City Attorney.

10.C AMENDMENT NO. 2 TO THE PROFESSIONAL SERVICES AGREEMENT

WITH MKN & ASSOCIATES RELATING TO THE WASTEWATER MASTER

PLAN UPDATE
RECOMMENDATION:

Staff recommends that the City Council:

1. Authorize the City Manager to execute Amendment No. 2 to the Professional Services Agreement with MKN & Associates, Inc., in a form approved by the City Attorney.

10.D COMMUNITY BIKE TRAIL CONNECTIVITY PROJECT FUNDING
RECOMMENDATION:

Staff recommends that the City Council:

1. Approve Resolution No. 7446, authorizing the filing of a claim with the Ventura County Transportation Commission for the allocation of $1,482,878.00 in funds for Fiscal Year 2022/2023 under the Transportation Development Act.

2. Approve a budget allocation of $1,872,668 in new revenue and matching expenditures as noted in the Fiscal Impact section of this report.

11. PUBLIC HEARING
Verification of posting notice by City Clerk
Declaration of conflicts (if any)
Declaration of ex parte contacts (if any)
Open public hearing
City of Santa Paula - City Council - City Council Regular Meeting 4 Staff presentation
Public comments
Close public hearing
Discussion and action

11.A PUBLIC HEARING AND INTRODUCTION OF ORDINANCE NO. 1327, ADDING SECTION 30.07 TO CHAPTER 30 OF TITLE III OF THE SANTA

PAULA MUNICIPAL CODE ESTABLISHING BY-DISTRICT ELECTIONS,

DEFINING DISTRICT BOUNDARIES, AND SCHEDULING ELECTIONS
WITHIN THE DISTRICTS; AND CONSIDERATION OF CITYWIDE

GOVERNANCE POLICY
RECOMMENDATION:

Staff recommends the City Council:

1. Introduce and waive first reading of Ordinance No. 1327, entitled "AN

ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SANTA
PAULA, CALIFORNIA, ADDING SECTION 30.07 TO CHAPTER 30 OF

TITLE III OF THE SANTA PAULA MUNICIPAL CODE ESTABLISHING

BY-DISTRICT ELECTIONS, DEFINING DISTRICT BOUNDARIES, AND SCHEDULING ELECTIONS WITHIN THE DISTRICTS";

2. Conduct a public hearing to consider adopting the proposed Ordinance at the City Council’s regular meeting;

3. Direct the City Clerk to publish a summary of the proposed Ordinance five (5) days before the meeting it is to be adopted and 15 days thereafter; and

4. Review and provide feedback to staff on a possible Citywide Governance Policy Resolution.

Presented by: Jonathan Royas, Management Analyst

11.B
EXPENDITURE PLAN FOR THE FY 22/23 SUPPLEMENTAL LAW

ENFORCEMENT SERVICES ACCOUNT
RECOMMENDATION:

Staff recommends that the City Council approve the recommended Expenditure Plan appropriating the Supplemental Law Enforcement Services Account (SLESA) funds for the FY 2022-2023 allocation and authorize the City Manager to execute any documents necessary to accept the funding.

Presented by: Interim Police Chief Don Aguilar

12. ACTION ITEMS

12.A QUARTERLY INVESTMENT REPORTS
RECOMMENDATION:

Staff recommends that the City Council receive and file the Quarterly Investment Reports for FY 21/22 and Q1/Q2 of FY 22/23.

City of Santa Paula - City Council - City Council Regular Meeting 5 Presented by: Finance Director Christy Ramirez

12.B MID-YEAR FISCAL REPORT
RECOMMENDATION:

Staff recommends that the City Council approve Resolution No. 7448 Amending the City’s Operating and CIP Budget for FY 2022/23.

Presented by: Finance Director Christy Ramirez

13. ITEMS FOR FUTURE AGENDAS

13.A FUTURE AGENDA ITEMS
RECOMMENDATION:

Staff recommends City Council Review Future Agenda Items.

Presented by: Dan Singer, City Manager

14. ADJOURNMENT
State of California )-
County of Ventura )- ss
City of Santa Paula )-
I declare under penalty of perjury that I posted this City Council Agenda on the bulletin board near the front door of City Hall, 970 Ventura Street, Santa Paula, California.

On_________________ at______________Signed:_________________________ Julie Latshaw
City Clerk
City of Santa Paula - City Council - City Council Regular Meeting 6 To: Honorable Mayor and Members of the City Council
From: Dan Singer, City Manager
Subject: CITY MANAGER'S DEPARTMENT QUARTERLY REPORT
Date: March 1, 2023
Agenda Item: 7.C

CITY OF SANTA PAULA

MEMORANDUM
RECOMMENDATION:

BACKGROUND:

The City Manager’s Department has developed and fulfilled these tasks for the months of September, October, November and December 2022.

City Manager
Led efforts to engage Chevron related to the Union Oil Building. Efforts have led to a Letter of Intent from Chevron/Union Oil to donate the building to the City of Santa Paula along with a $2-million-dollar maintenance grant.

Secured the services of a qualified Interim Chief of Police upon the retirement of the former Police Chief.

Continued discussions related to Diversity, Equity & Inclusion (DEI) with the Council’s sub-committee.

Coordinated a comprehensive orientation program for newly elected Councilmember Chavez.

Management Analyst
Administrative
Continued oversight, tracking and execution of objectives in Council’s 2-Year Strategic Plan. Provided Council a progress update in October and initiated efforts to begin update of Council’s plan for 2023-2025.

Continued oversight and support of the Districting process including community workshops and outreach related to Council’s efforts moving the City from at-large general elections to by-district elections.

Continued oversight of the City’s transition to joining the Clean Power Alliance (CPA).

Assisted with the Crossing Guard MOU with Santa Paula Unified School District (SPUSD) and contract renewal.

Provided assistance to Santa Paula Police Department (SPPD) with Explorer’s out-ofstate travel request.

Assisted with community organization requests to Council related to the Labor Day and 7 Holiday parades.

Economic Development
Continued partnership with the Chamber of Commerce to evaluate, enhance and continue a Santa Paula Farmer’s Market.

Continued oversight of meetings and mixers, in partnership with the Community/Economic Development Dept. (CEDD), to work towards the creation of a Cultural Arts Council. The group has now established a Steering and Arts Advisory Committee to move these efforts forward.

Continued oversight of local business roundtable discussions in partnership with CEDD as part of Council’s 2-Year Strategic Plan. Meeting attendance continues to increase.

Coordination and oversight of the election process for the Property Business Improvement District (PBID) Board to continue to effectuate beautification and improvements to the downtown corridor.

Assisted with CEDD efforts related to a Broker’s Roundtable in November 2022.

Grants
Applied for a Firehouse Subs First Responder Grant in the amount of $33,915.

Applied and awarded a $192,050 Local Agency Technical Assistance (LATA) grant funded by the CA Public Utilities Commission (CPUC). Funds will be utilized to support Council’s Strategic Goal C. Infrastructure, Transportation & Mobility #4. Exploring opportunities for Broadband High-Speed Internet by funding the development of a Broadband Strategic Plan for the City.

Applied and awarded $1,482,877 in Transportation Development Act (TDA) Article 3 grant funds to engineer and construct up to 2.48 miles of new bike trails in Santa Paula which would connect to the existing bike trail pathway, allowing multi-modal access from the west end and north end of Santa Paula to the east end.

Continued work in partnership with the Asst. Finance Director related to the disbursement of ARPA Nonprofit Emergency Relief Fund grants.

Legislative Affairs
Worked with Merchant McIntyre and our Public Works Director to successfully secure $2 million dollars in Federal funding from Congresswoman Julia Brownley’s office for the Harvard Blvd. Water/Sewer & Pavement project.

Secured $350,000 dollars in County ARPA funding for the Boys & Girls Club Restroom Remodel and Community Center Updates. Continued oversight and coordination with Ventura County CEO’s office on disbursements in Q2.

Conducted research and drafted a letter of support related to Ventura College East Campus Land Acquisition effort.

Public Information
Continued communications and support to all departments through Channel 10 content, Take 5 newsletter, social media and press releases. Published 7 press releases this past quarter.

Created communications materials to notify customers of the return to late fees, water shutoffs and utility bill assistance.

Continued to assist the Public Works department with weekly outreach and 8 communications efforts for the Harvard Blvd. Water/Sewer & Pavement Project.

Assisted Public Works with outreach efforts related to the Athens agreement and Pavement Management Plan (PMP) projects during the quarter.

Oversaw communications efforts related to the former Chief of Police and Interim Chief of Police.

Management Fellows
Continued work on several objectives in City Council’s Strategic Plan.

Conducted research and analysis to begin a pilot interpretation program for City Council meetings.

Continued work on the Welcome Guide/Kit for Santa Paula residents including presentations to PBID.

Projects currently being worked on include downtown tree up-lighting, PBID elections, PBID website enhancements, a mural website and QR codes in partnership with the Chamber of Commerce.

City Clerk’s Office
Processed 12 City Council agendas and minutes.

Attended 4 Bid Openings.

Posted updated Maddy Act for year-end 2022, and continue to update as changes occur.

Continue to advertise and accept applications for Commissions, Committees, and Boards.

Election process for the November 2022 Elections:

Worked with Ventura County Election Division to create the City of Santa Paula, City Council election packets.

Reviewed packets with Candidates providing all requirements needed to file nomination papers.

Received five qualified nomination papers, filing for City Council, bringing the qualified candidate list to five for three openings.

Updated the Council Candidate Orientation PowerPoint. Worked with Candidates to complete all required documents before and after elections.

Swore in two returning Councilmembers and one new Councilmember.

Continue to work with newly elected Councilmembers for closing files.

Updated all Officer Oaths, along with providing all new Officers Oaths.

Tracked old bond documents, creating filing books and logs for easy access.

Processed 47 Public Records Requests.

Processed and Posted 12 Notice of Publications.

Updated the Conflict of Interest Code for 2022.

Human Resources Department
Successfully recruited and hired:

Finance: Assistant Finance Director (internal promotion) Community & Economic Development: Planning and Economic Development Manager (internal promotion)
Parks & Recreation: City Corps Leader Trainee PT (3)
9 Police: Evidence & Property Technician
Public Works: Streets Maintenance Worker
Conducted 2022 Employee Open Enrollment
Hosted on-site Flu Shot and COVID Booster clinics
Provided the following trainings to City Employees: Building a Workplace of Mutual Respect and Driver Safety.

Hosted Halloween and Holiday Employee Appreciation Luncheon through the Quality Improvement Committee.

Recognized and celebrated the 2022 Employees of the 3
rd Quarter through the Quality
Improvement Committee.

Information and Technology Department
Relocated all electrical/communication equipment from Mesa water tank.

Started initial testing/deployment of replacement communication system for water department tanks/pumps.

Completed installation of backup fiber internet circuits for City Hall and 911.

Completed installation of rooftop antenna equipment for Emergency Operation Center communication equipment.

ANALYSIS:

None.

STRATEGIC PLAN:

None.

FISCAL IMPACTS:

None.

OPTIONS:

None.

ATTACHMENTS:
10 CITY OF SANTA PAULA
City Council Special - AMENDED Meeting
February 15, 2023, 4:15 PM

MINUTES
AMENDED AGENDA - Adding "Closed Session"

SPECIAL MEETING - COUNCIL CHAMBERS
1) CALL TO ORDER
Mayor Sobel called the meeting to order at 4:15 p.m.
2) ROLL CALL
Members Present: Andy Sobel, Leslie Cornejo, Jenny Crosswhite, Carlos Juarez, and Pedro A Chavez
3) PUBLIC COMMENT
None.
4) ACTION ITEMS

4.A) REPORT FROM COUNCIL’S EQUITY AND SOCIAL JUSTICE

COMMITTEE
City Manager Dan Singer and Management Fellow Miguel Perez presented this item.

Council discussed social justice, diversity equity and inclusion, and provided staff with direction for updates.

Also answering questions for Council was Interim Police Chief Don Aguilar, and Parks & Recreation Director Greg Barnes.
5) CLOSED SESSION

5.A) CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION - Pursuant to Government Code section 54956.9(d)(1) - Ventura County Fire Protection District, et al, v. Santa Clara Waste Water Company, et al (Ventura County Superior Court Cose No. 56-2016-00484523-CUPO-VTA).

Council recessed to closed session.
11 6) CLOSED SESSION REPORT
Interim City Attorney Monica Castillo reported there was no reportable action taken on this item.
7) ADJOURNMENT
Mayor Sobel adjourned the meeting to the 6:30 City Council Regular meeting.

Julie Latshaw, City Clerk
ATTEST:
12 CITY OF SANTA PAULA
City Council Regular Meeting
February 15, 2023, 6:30 PM

MINUTES

REGULAR MATTERS - COUNCIL CHAMBERS
1) CALL TO ORDER
Mayor Sobel asked Interim City Attorney Monica Castillo to report out on closed session held before the City Council Regular meeting.

Interim City Attorney Monica Castillo reported Council met in closed session on:

CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION - Pursuant to Government Code section 54956.9(d)(1) - Ventura County Fire Protection District, et al, v. Santa Clara Waste Water Company, et al (Ventura County Superior Court Cose No. 56-2016-00484523-CU-PO-VTA).

There were no reportable actions.

Mayor Sobel then adjourned the closed session.

Mayor Sobel called the City of Santa Paula City Council Regular meeting to order at 6:40 pm.
2) INVOCATION
Rev. Lupita Alonso-Redondo, M.Div provided the Invocation and announced she was leaving Santa Paula, transferring to Fillmore Bardsdale Church.

Mayor Sobel presented a Certificate of Appreciation for her services to the City of Santa Paula.
3) FLAG SALUTE
Vice Mayor Cornejo led the flag salute.
4) ROLL CALL
Members Present: Andy Sobel, Leslie Cornejo, Jenny Crosswhite, Carlos Juarez, and Pedro A Chavez
5) PUBLIC COMMENT
13 Jerry Mead was called to speak regarding a water main break and a notice received on contaminated water not received soon enough. City Manager spoke of the water main break and testing required to receive clearance.

Maria Espinosa was called to speak on problem with the homeless and needed housing.
6) CITY COUNCIL REPORTS
Councilmember Chavez:

Provided copies of his activity report for the public, along with announcing attending League of California Cities Newly Elected Officials Acadamy; Water Assistance Day; and Community College Education Center.

Vice Mayor Cornejo:

Attended the employee recognition breakfast; Property Business Improvement District; Boys & Girls Club fundraiser; and Harding Park Advisory Board meeting.

Councilmember Crosswhite:

Attended Boys & Girls Club fundraiser; employee recognition breakfast; Young Professionals mixer; Clean Power Alliance; LAFCO; and Southern California Association of Governments.

Councilmember Juarez:

Attended the employee recognition breakfast; City birthday celebration; Boys & Girls Club fundraiser; Rotary where District Attorney Erik Nasarenko spoke of crime rates, cold cases and fentanyl drug problem; and Hospital Blue Ribbon Committee;
Mayor Sobel:

Attended his last Southern Council Association of Governments meeting; Womans Economic Adventure; early childhood education presentations; college center townhall; Cycle Cal Coast; California Poet Laureate at the ag museum; Hospital Blue Ribbon meeting; webinar on the 2022 election; and Boys & Girls fundraiser.
7) CITY MANAGER REPORTS
City Manager Dan Singer:

Attended Newly Elected Official Acadamy; City Manager's Conference; and Boys & Girls fundraiser.
8) CONSENT CALENDAR

8.A) APPROVAL OF MINUTES
City Council Regular Minutes for January 18, 2023
City Council Special Minutes for January 18, 2023
City Council Special Minutes for January 23, 2023
City Council Special Minutes for January 31, 2023
City Council Regular Minutes for February 1, 2023

8.B) JANUARY 2023 WARRANTS AND CERTIFICATIONS
14 8.C) ADOPT RESOLUTION NO. 7447, AMENDING THE POLICE

COMMANDER JOB DESCRIPTION
Interim Police Chief Aguilar answered questions from Council.

8.D) REQUEST AND AUTHORIZE THE MAYOR AND CITY PERSONNEL TO MEET WITH LEGISLATORS IN WASHINGTON, D.C.

8.E) AMENDMENT NO. 3 TO SANTA CLARA RIVER TMDL

MEMORANDUM OF AGREEMENT

8.F) RESOLUTION NO. 7432, AMENDING THE CITY OF SANTA PAULA

PERSONNEL RULES AND REGULATIONS TO INCORPORATE A

NEW SOCIAL MEDIA POLICY
Motion: Approve as amended Consent Calendar with typographical corrections on 8A and 8F.

Moved by Jenny Crosswhite, seconded by Carlos Juarez
Vote: Motion carried 5-0
Yes: Andy Sobel, Leslie Cornejo, Jenny Crosswhite, Carlos Juarez, Pedro A Chavez
9) ACTION ITEMS

9.A) WASTEWATER SYSTEM CHLORIDE STUDY UPDATE
This item was presented by Eileen Shields, MKN and Associates.

Motion: Approve receive and file the Wastewater System Chloride Study Update and Chloride Source Identification Work Plan and direct staff to pursue Option 1: Complete Chloride Source Identification Study to Explore Chloride Control Strategies.

Moved by Pedro A Chavez, seconded by Leslie Cornejo
Vote: Motion carried 5-0
Yes: Andy Sobel, Leslie Cornejo, Jenny Crosswhite, Carlos Juarez, Pedro A Chavez
10) PRESENTATIONS

10.A) ASSET MANAGEMENT SYSTEM IMPLEMENTATION REPORT AND

PRESENTATION
This item was presented by Alexander Wallsten, Public Works Administrative Analyst I.

10.B) WHY DISTRICTING? A PRESENTATION ON THE DISTRICTING

PROCESS IN SANTA PAULA, CA
Management Analyst Jonathan Royas presented this item.

Also presenting, Dr. Douglas Johnson and Dr. Justin Levitt with National Demographic Corporation.
15 Public Comments:

Richard Rudkin was called to speak opposing districting.

Walter Adair was called to speak opposing districting.

Ginger Gherardi was called to speak opposing districting.

Jeri Mead was called to speak opposing districting.

Rey Frutos was called to speak on issues of meetings and process districting, providing copies of his maps. Opposing districting.

Pamela Murphy was called to speak opposing districting.

Connie Tushla was called to speak opposing districting.

Jerry Olivas was called to speak opposing districting.

Laura Stabbin was called to speak opposing districting. 11) PUBLIC HEARING

11.A) DISTRICTING – FOURTH PUBLIC HEARING TO RECEIVE INPUT

FROM THE CITY COUNCIL AND THE COMMUNITY REGARDING

DRAFT MAPS OF ELECTION DISTRICT BOUNDARIES, COUNCIL

SELECTION OF FINAL MAP, AND ELECTION SEQUENCING
Mayor Sobel opened the public hearing.

Jonathan Royas, Management Analyst and Dr. Justin Levitt, National Demographic Corporation presented this item.

Public Comments:

Brandon Martinez was called to speak in support of map 119.

Richard Rudman was called to speak opposing maps.

Walter Adair was called to speak, speaking on other cities districting.

Ginger Gherardi was called to speak expressing not selecting a map at this time.

Kay Wilson-Bolton was called to speak expressing to delay making a decision on a map at this time.

Nidia Bello with CAUSE was called to speak supporting map 119.

Nidia Bello was called to speak on behalf of Luis Montalvo supporting map 119.

Zuleth Lucero was called to speak in support of map 119.

Luz Hernandez was called to speak in Spanish, translated to English, in support of map 119.

Nidia Bello was called to speak on behalf of Maria Alejos supporting map 119.

Fabiola Gomez was called to speak in support of map 119.

Laura Espinoso was called to speak in support of map 119.

Nidia Bello spoke on behalf of Guadalupe Guadian in support of map 119
Nidia was called to speak on behalf of Kate English in support of districting.

Cynthia Salas was called to speak in support of districting.

Mayor Sobel Closed the public hearing.

Council discussed the maps, narrowing down to map 119.

Motion: Approve receiving an updated presentation from staff and Dr.

Justin Levitt of National Demographic Corporation (NDC), regarding draft maps for City Council voting districts, to be implemented in 16 November, 2024; making final map selection of map 119 and the suggested sequences of election years for each district, District 1 - 2024 (Sobel), District 2 - 2026 (Juarez & Crosswhite), District 3 - 2026 (Chavez), District 4 - 2026 (vacant), District 5 - 2024 - (Cornejo); and directed staff to prepare an ordinance that adopts the selected final draft map and sets forth the election years for each district.

Moved by Pedro A Chavez, seconded by Jenny Crosswhite
Vote: Motion carried 3-2
Yes: Andy Sobel, Jenny Crosswhite, Pedro A Chavez
No: Leslie Cornejo, Carlos Juarez
12) ITEMS FOR FUTURE AGENDAS

12.A) FUTURE AGENDA ITEMS
Motion: Approve to continue the meeting after the 10:30 deadline.

Moved by Jenny Crosswhite, seconded by Carlos Juarez
Vote: Motion carried 5-0
Yes: Andy Sobel, Leslie Cornejo, Jenny Crosswhite, Carlos Juarez, Pedro A Chavez
Councilmember Chavez requested staff to begin looking into neighborhood councils and add to the Strategic Plan. Council was supportive.
13) ADJOURNMENT
Mayor Sobel adjourned the meeting at 11:10 p.m.

Julie Latshaw, City Clerk
ATTEST:
17 CITY OF SANTA PAULA
City Council Special Meeting
February 17, 2023, 10:00 AM

MINUTES
SPECIAL MEETING - LOCATION: FLIGHT 126 CAFE
1) CALL TO ORDER
Mayor Sobel called the meeting to order at 10:00 a.m.
2) ROLL CALL
Members Present: Andy Sobel, Leslie Cornejo, Jenny Crosswhite, Carlos Juarez, and Pedro A Chavez
3) PUBLIC COMMENT
None.
4) STRATEGIC PLANNING WORKSHOP

4.A) CITY COUNCIL TWO-YEAR STRATEGIC PLANNING WORKSHOP
#1
This item was presented by Santor Nishizaki with Mulholland Consulting Group, who went over the Mission, Vision, and Core Values and Strategic Planning Process.

Council discussed and provided direction to staff for updates on the following:
(A) Arts, Culture, and Entertainment;
(B) Economic Development;
(C) Infrastructure, Transportation, and Mobility; and
(D) Connected and Healthy Community.
5) ADDITIONAL PUBLIC COMMENTS
None.
6) ADJOURNMENT
Mayor Sobel adjourned the meeting at 5:00 p.m.
18 Julie Latshaw, City Clerk
ATTEST:
19 To: Honorable Mayor and Members of the City Council
From: Clete Saunier, Public Works Director
Subject: AMENDMENT NO. 1 TO THE PROFESSIONAL SERVICES AGREEMENT

WITH MKN & ASSOCIATES RELATING TO THE WATER RECYCLING

FACILITY AMMONIA ANALYZERS PROJECT
Date: March 1, 2023
Agenda Item: 10.B

CITY OF SANTA PAULA

MEMORANDUM
RECOMMENDATION:

Staff recommends that the City Council:

1. Authorize the City Manager to execute Amendment No. 1 to the Professional Services Agreement with MKN & Associates, Inc., in a form approved by the City Attorney.

BACKGROUND:

MKN & Associates (MKN) has provided engineering services for the past five fiscal years to support operation of the Water Recycling Facility (WRF) and has prepared various additional reports in support of the City’s recycled water, wastewater, and water programs. Because of MKN’s experience with City facilities and procedures, City staff requested MKN provide a proposal for professional engineering services in continual support of these programs, including:

Support of WRF operations similar to the previous two fiscal years Planning, design, and construction phase services for installation of the Advanced Treatment Facility
Engineering support for the City’s Stormwater Program
Engineering support for the City’s Drinking Water Program Engineering support for the City’s participation in the Integrated Water Management Plan The FY 2022/2023 capital improvement budget incorporates funding to support the design and construction of several projects. The WRF Ammonia Analyzers Project was identified after budget adoption and is currently unfunded. This project includes installation of new instrumentation to reduce energy consumption and operating costs typically incurred by the treatment process blowers. This equipment uses significantly large amounts of energy to operate. These analyzers will measure ammonia concentrations in the treatment process to regulate blower operation more efficiently. This will reduce WRF energy demand and longterm operational costs.

ANALYSIS:
20 The Ventura County Air Pollution Control District (VCAPCD) assessed several Notices of Violation (NOV’s) and related penalties against the City at a time when the WRF was operated by Veolia North America. Even though Veolia was provably responsible for the violations and related penalties serving as the contract operator at the time, the City and VCAPCD eventually entered into a mutual settlement agreement requiring the City to pay penalties of $303,600.

VCAPCD allowed the City to allocate $100,188 of the settlement amount to be spent by the City on Supplemental Environmental Projects (SEP’s) as a credit against the total penalty amount.

The Ammonia Analyzers Project qualifies as an SEP and if constructed before the settlement term expires, the City can credit the project’s cost toward the final penalty amount. This project may also qualify for up to $60,000 in additional funding from Southern California Edison’s (SCE’s) energy efficiency incentives pilot program.

This project must be completed before the December 31, 2023 settlement agreement deadline to qualify as an SEP credit. If SCE approves the project for its energy efficiency incentive program, the project must be completed before May 2024.

Staff recommends that the currently funded WRF Bypass Influent to Pond Project and WRF Digester Blower Air Supply Project be rescheduled to a later fiscal year in the 5-Year Capital Improvement Program. The need for constructing the Ammonia Analyzers Project is of greater importance than these projects.

The scope of work for the WRF Bypass Influent to Pond Project ($285,329) includes design and construction of an influent bypass pipe and temporary storage basin located on the immediate west side of the WRF building and east of the percolation ponds. The project temporarily diverts and stores untreated wastewater allowing for emergency repairs (if ever needed) to the WRF headworks infrastructure. If approved by Council under a separate March 1, 2023 agenda report, the Wastewater Master Plan Update will evaluate, prioritize and schedule all wastewater capital projects, including this project, for the next 10 years.

The scope of work for the WRF Digester Blower Air Supply ($63,300) includes design and construction of an interior blower equipment enclosure and ductwork that will provide a steady supply of fresh outdoor air to keep the blower equipment at a nominal operating temperature.

The recent installation of a Biological Trickling Filter System to remove airborne ammonia and hydrogen sulfide gasses from the wastewater treatment process, including the process area surrounding the digester blower equipment, has performed better than anticipated. This has significantly reduced the need to construct the WRF Digester Blower Air Supply project. As noted above, if Council approves the Wastewater Master Plan Update, it will evaluate, prioritize and schedule all wastewater capital projects, including this project, for the next 10 years.

Staff recommends Council approval of Amendment No. 1 to MKN & Associates Agreement.

The Ammonia Analyzers Project is a Supplemental Environmental Project as defined by VCAPCD. All project costs up to the maximum allowable amount of $100,188 can be credited toward the total penalty amount stipulated in the settlement agreement with VCAPCD. This project will also reduce WRF energy demand and long-term operational costs.

STRATEGIC PLAN:

This action supports City Council’s goal of: Explore funding opportunities to analyze and 21 develop an Energy Efficiency Program (EEP) that may include: electric vehicle charging stations, solar alternative power infrastructure, and a citywide clean energy purchasing program under Section C. Infrastructure, Transportation & Mobility of the two-year Strategic Plan by reducing energy consumption while providing a qualified SEP credit as allowed in the VCAPCD settlement agreement. It may also qualify for up to $60,000 in SCE energy efficiency incentives.

FISCAL IMPACTS:

Staff proposes delaying construction of the WRF Bypass Influent to Pond Project and the WRF Digester Blower Air Supply Project to a later fiscal year in the 5-Year Capital Improvement Program. The estimated cost for the Ammonia Analyzers Project is $140,000. Staff proposes to fund this project by transferring $94,136 from Account 610-5-9335-660 and $45,864 from Account 610-5-9340-660 to a new CIP account number 610-5-9379-290 ($39,552) and 610-5- 9379-660 ($100,448).

Table 1 summarizes the current Task Groups from MKN & Associates Professional Services Agreement and the amended budget reflecting the recommended transfers above. Staff recommends $39,552 of the total project amount of $140,000 be allocated for engineering design provided by MKN & Associates.

Table 1: Proposed Budget By Fiscal Year
Task Group 2022/2023 2023/2024 2024/2025
100 – WRF OPERATIONS

SUPPORT
$193,487 $137,576 $141,472
300 – STORMWATER

PROGRAM SUPPORT
$93,920 $96,737 $99,639
400 – DRINKING WATER

PROGRAM SUPPORT
$129,071 $132,944 $200,963
500 – INTEGRATED

REGIONAL WATER

MANAGEMENT PLAN
$4,775 $4,918 $5,066
Subtotal Tasks 100, 300,
400, and 500
$421,253 $372,174 $447,140
200 – RECYCLED WATER

DISTRIBUTION SYSTEM

PLANNING, DESIGN AND

CONSTRUCTION PHASE

SERVICES
$414,789 $895,608 $0
Total $836,042 $1,267,783 $447,140
Additional Task 100 Budget
– Ammonia Analyzers
Project
$39,552 -- --
Amended Budget $875,594
The FY 22/23 Budget has sufficient funds to cover the proposed work.

OPTIONS:

In addition to the recommended action, the Council has available to it the following alternative options:
22 1. Do not authorize the City Manager to execute Amendment No. 1 to the Professional Services Agreement with MKN & Associates. This action may result in the City paying a higher cash penalty to VCAPCD in lieu of receiving credit for constructing this qualified SEP project before December 31, 2023 as stipulated in the settlement agreement. The anticipated energy cost savings associated with this project would also be lost.

ATTACHMENTS:

EXHIBIT A - Amendment No. 1 MKN & Associates PSA.pdf
23 EXHIBIT A
Amendment No. 1 MKN & Associates PSA
24 FIRST AMENDMENT TO
PROFESSIONAL SERVICES AGREEMENT NO. 22-02761

BETWEEN

THE CITY OF SANTA PAULA AND

MKN & ASSOCIATES, INC
THIS FIRST AMENDMENT (“Amendment”) is made and entered into this 1st day of March 2023, by and between the CITY OF SANTA PAULA, a general law city and municipal corporation existing under the laws of California (“CITY”), and MKN & ASSOCIATES, INC (“CONSULTANT”).

1. Pursuant to Section 3.7.14 of Agreement No. 22-02761 dated August 17, 2022 (“Agreement”), Exhibit “A”, (Additional Work) which is incorporated by reference, is added to the Agreement to provide the following additional work as follows: Design and construction services for the Ammonia Analyzers Project at the Water Recycling Facility (WRF). CITY will pay CONSULTANT an amount not to exceed Thirty Nine Thousand Five Hundred Fifty Two Dollars ($39,552) for such additional work.

2. This Amendment may be executed in any number or counterparts, each of which will be an original, but all of which together constitutes one instrument executed on the same date.

4. Except as modified by this Amendment, all other terms and conditions of Agreement dated August 17, 2022, remain the same.
[SIGNATURES ON NEXT PAGE]
25 FIRST AMENDMENT TO
PROFESSIONAL SERVICES AGREEMENT No. 22-02761

BETWEEN

THE CITY OF SANTA PAULA AND

MKN ASSOCIATES, INC
IN WITNESS WHEREOF the parties hereto have executed this contract the day and year first hereinabove written.

CITY OF SANTA PAULA MKN & ASSOCIATES, INC.
_________________________________ ____________________________ Dan Singer, Michael K. Nunley,
City Manager President
ATTEST: MKN & ASSOCIATES, INC.
_____________________________ _____________________________ Julie Latshaw, Michael K. Nunley,
City Clerk CEO
APPROVED AS TO FORM: Taxpayer ID No. __________________ _________________________________ **2nd Signature required for Corporations.

Monica Castillo,
Interim City Attorney
26 MKN & Associates, Inc.

P O Box 1604
Arroyo Grande CA 93421
805 904 6530
February 7, 2023
Clete Saunier
Public Works Director
City of Santa Paula
P O Box 569
Santa Paula CA 93061
SUBJECT: Proposal – Contract Amendment No. 1 - FY 2022/2023 - 2024/2025 Water Recycling Facility Operations, Advanced Water Treatment Facility, Stormwater and Water Program Support
Dear Clete,
Michael K. Nunley & Associates, Inc. (MKN) is pleased to submit this proposal to assist the City of Santa Paula (City). In a continuation of our work since 2019, MKN City Council authorized MKN to extend our services through 2025 to provide engineering support for the City’s drinking water regulatory compliance, water recycling facility (WRF) operations, stormwater regulatory compliance and regional coordination, and Advanced Water Treatment Facility (AWTF) programs.

City staff has asked MKN to submit a contract amendment to develop construction documents and provide construction support for the Ammonia Analyzers Project. It is proposed for Ventura Regional Sanitation District staff to perform the installation and for MKN to provide support in identifying equipment and procuring quotes. MKN will reach out to Southern California Edison (SCE) to confirm procurement methodology is appropriate.

SCOPE OF WORK
Task 105.3: Engineering and Procurement Services
It is assumed Ventura Regional Sanitation District (VRSD) staff can perform equipment installation and can integrate the new ammonia analyzers into the WRF control system. MKN will provide a Technical Memorandum identifying the following information:
o Description of work
o Recommended location for analyzers
o Recommended specifications for analyzers
MKN will work with VRSD staff to identify equipment vendors and request quotes for equipment.

Purchase orders will be requested from City staff for major equipment.

Task 106E: Construction Phase Services
MKN will perform the following services as needed during construction:

EXHIBIT A
27 Clete Saunier
FY 2022-2025 PSA – Amendment No. 21
2 o Review submittals and requests for information from VRSD staff o Attend field meetings
o Observe work in progress (as needed)

ASSUMPTIONS
MKN shall be entitled to rely reasonably upon the accuracy of data and information provided by or through the City and will use good professional judgment in reviewing and evaluating such information. If MKN identifies any error or inaccuracy in data or information provided by or through City, or determines that additional data or information is needed to perform the services, MKN shall promptly notify the client.

MKN will provide data requests to City as needs arise.

ESTIMATED FEE
A detailed estimate of hours and estimated other direct costs (ODCs) is provided on the attached table. It is assumed the fee schedule will be adjusted by 3% per year on July 1st for each fiscal year.

Work will be invoiced on an hourly time and materials basis, with the proposed budget total not to exceed without written authorization from the City. The following table summarizes the current budget as well as the proposed amendment.

Proposed Budget By Fiscal Year
Task Group 2022/2023 2023/2024 2024/2025
100 – WRF OPERATIONS
SUPPORT $193,487 $137,576 $141,472
300 – STORMWATER
PROGRAM SUPPORT $93,920 $96,737 $99,639
400 – DRINKING WATER
PROGRAM SUPPORT $129,071 $132,944 $200,963
500 – INTEGRATED

REGIONAL WATER

MANAGEMENT PLAN
$4,775 $4,918 $5,066
Subtotal Tasks 100, 300,
400, and 500 $421,253 $372,174 $447,140
200 – RECYCLED WATER

DISTRIBUTION SYSTEM

PLANNING, DESIGN AND

CONSTRUCTION PHASE

SERVICES
$414,789 $895,608 $0
Total – Current
Authorization $836,042 $1,267,783 $447,140
Additional Task 100
Budget – Ammonia
Analyzers Project
$39,552 -- --
Amended Budget $875,594
28 Clete Saunier
FY 2022-2025 PSA – Amendment No. 21
3 A detailed estimate of hours and estimated other direct costs (ODCs) is provided on the attached table.

We hope this proposal meets your expectations and look forward to continuing our work with you and the City.

Sincerely,
Michael K. Nunley, PE
CEO/President
Attachments:

Detailed Budget with Manhour Breakdown
29 2/7/2023
Project DirectorPrincipal Engineer
Senior Planner
GIS SpecialistAssistant Engineer II
Assistant Engineer I
GIS TechnicianSupervising DrafterDrafting/Design Technician IIDrafting/Design Technician IAdministrative AssistantEngineering Intern Total Hours (MKN)
Labor (MKN)ODCs (MKN)Non‐Labor Costs
Total Fee
Hourly Rates 250 240 206 144 168 120 120 145 135 110 105 65 Meetings and Data Review 4 4 4 12 $2,632 379 $        $379 3,011 $ Preliminary Engineering 3 24 20 47 $9,870 1,096 $     $1,096 10,966 $ Draft Technical Memorandum 2 8 4 16 4 34 $5,832 975 $        $975 6,807 $ Final Technical Memorandum 4 4 8 4 20 $3,212 896 $        $896 4,108 $ Subtotal 9 40 0 0 32 0 0 24 0 0 8 0 113 21,546 $   $    3,346 $    3,346 $       24,892 Field Visits 2 12 12 26 $5,396 562 $        $562 5,958 $ Response to RFIs 8 8 16 $3,264 98 $           $98 3,362 $ Submittal Review 16 8 24 $5,184 156 $        $156 5,340 $ 2 36 0 0 28 0 0 0 0 0 0 0 66 13,844 $   $       815 $       815 $       14,659 TOTAL BUDGET 11 76 0 0 60 0 0 24 0 0 8 0 179 $35,390 4,162 $     $    4,162 $       39,552 Task Group 100 Budget Amendment
Task 106E:  Construction Phase Services
Task  105.3: Engineering and Procurement Services
N:\Santa Paula\SP‐2022‐002 FY 2022‐2023 WRF Operations Support\100 PM\102 Contracts\Contract Mods\Amendment No. 2\Ammonia Analyzer Fee Page301 To: Honorable Mayor and Members of the City Council
From: Clete Saunier, Public Works Director
Subject: AMENDMENT NO. 2 TO THE PROFESSIONAL SERVICES AGREEMENT

WITH MKN & ASSOCIATES RELATING TO THE WASTEWATER

MASTER PLAN UPDATE
Date: March 1, 2023
Agenda Item: 10.C

CITY OF SANTA PAULA

MEMORANDUM
RECOMMENDATION:

Staff recommends that the City Council:

1. Authorize the City Manager to execute Amendment No. 2 to the Professional Services Agreement with MKN & Associates, Inc., in a form approved by the City Attorney.

BACKGROUND:

MKN & Associates (MKN) has provided engineering services for the past five fiscal years to support operation of the Water Recycling Facility (WRF) and has prepared various additional reports in support of the City’s recycled water, wastewater, and water programs. Because of MKN’s experience with City facilities and procedures, Staff requested MKN provide a proposal for professional engineering services in continual support of these programs, including:

Support of WRF operations similar to the previous two fiscal years Planning, design, and construction phase services for installation of the Advanced Treatment Facility
Engineering support for the City’s Stormwater Program
Engineering support for the City’s Drinking Water Program Engineering support for the City’s participation in the Integrated Water Management Plan In the 2022/23 Fiscal Year Budget, City Finance and Public Works staff developed budgets for various capital improvements. As the year has progressed, City Public Works staff have identified the need for a currently unfunded Wastewater Master Plan Update. This project would include updates to the City’s 2012 Wastewater Master Plan in order to identify capital improvements for the WRF and collection system.

Staff has negotiated a contract amendment with MKN & Associates, Inc. to perform engineering consulting services related to this project.

ANALYSIS:
31 The City’s wastewater collection system consists of approximately 60 miles of underground piping that ranges in size from 6 to 24 inches in diameter. This system can collect up to 3.4 million gallons of wastewater per day throughout the City and then transport it for treatment at the WRF. The treated effluent discharges into large percolation ponds where it gradually seeps into the underlying groundwater table. The City’s last wastewater master plan update was completed in 2012 and did not evaluate existing and ultimate flow demand to the WRF.

Staff has requested that MKN prepare an update to the 2012 Master Plan including development of a platform-based hydraulic model and evaluation of the WRF including hydraulic capacity, treatment capacity, and condition assessment. MKN had previously included this scope of work in its Three-Year Professional Services Agreement Council approved on August 17, 2022, but because the additional cost exceeded the available budget at that time, staff requested the work be deferred and the related scope removed from the PSA until an alternative funding source could be identified.

Staff recommends that the currently funded WRF Bypass Influent to Pond Project be rescheduled to a later fiscal year. The need for updating the Wastewater Master Plan is of greater importance than this project. The scope of work for this $285,329 project includes design and construction of an influent bypass pipe and temporary storage basin located on the immediate west side of the WRF building and east of the percolation ponds. The project temporarily diverts and stores untreated wastewater allowing for emergency repairs (if ever needed) to the WRF headworks infrastructure. The Wastewater Master Plan Update will evaluate, prioritize and schedule all wastewater capital projects, including this project, for the next 10 years.

Staff recommends Council approval of Amendment No. 2 to MKN & Associates Agreement.

The Wastewater Master Plan Update will provide a more robust evaluation and prioritization of all wastewater capital projects and lead to fewer infrastructure failures for the next 10 years.

STRATEGIC PLAN:

This item is not a goal or objective in City Council’s two-year Strategic Plan; however, it will define a capital improvement program and create a regular repair and replacement schedule that will reduce costs through improved project planning and operational efficiency.

FISCAL IMPACTS:

The proposed project will be funded by allocating $191,193 from Account 610-5-9335-660 to a new account number 610-5-5063-209 designated for the Wastewater Master Plan Update.

Table 1 summarizes the current Task Groups from the Professional Services Agreement, as well as the amended budget incorporating the project scope identified above (Task Group 600).

Table 1: Proposed Budget By Fiscal Year
Task Group 2022/2023 2023/2024 2024/2025
100 – WRF OPERATIONS

SUPPORT
$193,487 $137,576 $141,472
300 – STORMWATER

PROGRAM SUPPORT
$93,920 $96,737 $99,639
32 400 – DRINKING WATER

PROGRAM SUPPORT
$129,071 $132,944 $200,963
500 – INTEGRATED

REGIONAL WATER

MANAGEMENT PLAN
$4,775 $4,918 $5,066
Subtotal Tasks 100, 300,
400, and 500
$421,253 $372,174 $447,140
200 – RECYCLED WATER

DISTRIBUTION SYSTEM

PLANNING, DESIGN AND

CONSTRUCTION PHASE

SERVICES
$414,789 $895,608 $0
Total – Current
Authorization
$836,042 $1,267,783 $447,140
Task 600 Budget –
Wastewater Master Plan
Update
$191,193 -- --
Amended Budget $1,027,345
Table 1: Proposed Budget By Fiscal Year
The FY 22/23 Budget has sufficient funds to cover the proposed work.

OPTIONS:

In addition to the recommended action, the Council has available to it the following alternative options:

1. Do not authorize the City Manager to execute Amendment No. 2 to the Professional Services Agreement with MKN & Associates, Inc. This action would reduce operational efficiency in staff’s ability to proactively identify, prioritize and replace critically needed infrastructure that has exceeded its maximum life cycle. Extended equipment operation past its maximum life cycle can lead to catastrophic failure of the wastewater collection and treatment system.

2. Request that staff issue a request for proposals to solicit quotes and qualifications from other wastewater engineering firms. The selection of another wastewater engineering consultant is anticipated to delay completion of the master plan at least 60 days for the RFQ process and upon award, even more time to produce what could be a more expensive, lower quality deliverable due to the learning curve that would be required to assess the WRF and WCS equipment and processes. MKN has provided wastewater engineering and plant operator oversight services for the City for over five years and is intimately familiar with all WRF and WCS equipment and process operations.

ATTACHMENTS:

EXHIBIT A - MKN Amendment No. 2.pdf
33 EXHIBIT A
Amendment No. 2 MKN & Associates PSA
34 SECOND AMENDMENT TO
PROFESSIONAL SERVICES AGREEMENT NO. 22-02761

BETWEEN

THE CITY OF SANTA PAULA AND

MKN & ASSOCIATES, INC
THIS SECOND AMENDMENT (“Amendment”) is made and entered into this 1st day of March 2023, by and between the CITY OF SANTA PAULA, a general law city and municipal corporation existing under the laws of California (“CITY”), and MKN & ASSOCIATES, INC (“CONSULTANT”).

1. Pursuant to Section 3.7.14 of Agreement No. 22-02761 dated August 17, 2022 (“Agreement”), Exhibit “A”, (Additional Work) which is incorporated by reference, is added to the Agreement to provide the following additional work as follows: Design and construction services for the Wastewater Master Plan Update Project. CITY will pay CONSULTANT an amount not to exceed One Hundred Ninety-One Thousand One Hundred Ninety Three Dollars and Zero Cents ($191,193.00) for such additional work.

2. This Amendment may be executed in any number or counterparts, each of which will be an original, but all of which together constitutes one instrument executed on the same date.

4. Except as modified by this Amendment, all other terms and conditions of Agreement dated August 17, 2022, remain the same.
[SIGNATURES ON NEXT PAGE]
35 SECOND AMENDMENT TO
PROFESSIONAL SERVICES AGREEMENT No. 22-02761

BETWEEN

THE CITY OF SANTA PAULA AND

MKN ASSOCIATES, INC
IN WITNESS WHEREOF the parties hereto have executed this contract the day and year first hereinabove written.

Monica Castillo,
Interim City Attorney
36 MKN & Associates, Inc.

P O Box 1604
Arroyo Grande CA 93421
805 904 6530
February 7, 2023
Clete Saunier
Public Works Director
City of Santa Paula
P O Box 569
Santa Paula CA 93061
SUBJECT: Proposal – Contract Amendment No. 2 - FY 2022/2023 - 2024/2025 Water Recycling Facility Operations, Advanced Water Treatment Facility, Stormwater and Water Program Support
Dear Clete,
Michael K. Nunley & Associates, Inc. (MKN) is pleased to submit this proposal to assist the City of Santa Paula (City). In a continuation of our work since 2019, MKN City Council authorized MKN to extend our services through 2025 to provide engineering support for the City’s drinking water regulatory compliance, water recycling facility (WRF) operations, stormwater regulatory compliance and regional coordination, and Advanced Water Treatment Facility (AWTF) programs.

City staff has asked MKN to submit a contract amendment to develop Wastewater Master Plan Update. The City’s wastewater collection system consists of approximately 60 miles of system piping that ranges in size from 6 to 24 inches in diameter to the WRF and is designed to manage 3.4 million gallons a day (MGD) of wastewater. The City’s last collection system master plan update was completed in 2012 and did not include an evaluation of the WRF to serve existing and ultimate flows.

The City has requested that MKN prepare an update to the 2012 Master Plan including development of a platform-base hydraulic model and evaluation of the WRF including hydraulic capacity, treatment capacity, and condition assessment.

SCOPE OF WORK
TASK GROUP 600 – WASTEWATER COLLECTION SYSTEM AND WRF MASTER PLAN Based on our experience preparing similar hydraulic models and master planning studies, MKN proposes to complete the following five (5) main task groups:
• Task 601 – Meetings, Project Management, and QA/QC
• Task 602 – Data Collection and Review
• Task 603 – Wastewater Collection System Evaluation
• Task 604 – Water Recycling Facility Evaluation
• Task 605 – Master Plan Development

EXHIBIT A
37 Clete Saunier
FY 2022-2025 PSA – Amendment No. 1
2 Task 601: Meetings, Project Management, and QA/QC
Subtask 601A | Meetings
The following meetings are assumed for this project to allow MKN to interface with the City to discuss progress, receive direction, and review the project deliverables. It is assumed that the following meetings will be required:
• Kickoff Meeting (1 total)
• Progress Meetings (3 total)
• Review Meeting for Draft Capital Improvement Plan (1 total) • Review Meeting for Draft Master Plan document (1 total) • City council presentation (1 total)
MKN will prepare and distribute meeting agendas prior to the scheduled meeting and will record and distribute meeting notes to all attendees. The meeting notes will document the discussions and decisions made.

Subtask 601B - Project Management and Quality Assurance/Quality Control All project deliverables will be subjected to internal quality control review by personnel who have the appropriate expertise and who were not involved directly in the development of the deliverable.

MKN’s Quality Control Reviewer is responsible for identifying technical issues as well as scope elements that have not been fully addressed. MKN’s Quality Management System will be implemented throughout the life of the project.

Deliverables:
• Meeting agendas and notes in electronic PDF format
Assumptions:
• It is assumed project meetings will be virtual unless otherwise requested by the City Task 602: Data Collection and Review
Subtask 602A - Data Collection and Review
MKN will prepare a Data Needs List prior to the kickoff meeting so that the City can gather identified information in advance. It is preferred that the requested information be provided in an electronic format (when available) such as Microsoft Word, Excel, GIS etc. MKN assumes that the following information will be available for review:
• Approved General Plan
• Approved Development Plans within and/or overlapping the City’s service boundary • Sewer system mapping
• As-built records for Sewer system improvements not included in the current mapping • Lift Station as-built plans and specifications
38 Clete Saunier
FY 2022-2025 PSA – Amendment No. 1
3 • Lift Station pump curves, wet well control settings, and pumping records Subtask 602B - Flow Monitoring Study
MKN will coordinate with our flow monitoring subconsultant, Gold Coast Environment, to complete the placement and recording of flow monitoring data over a four-week dry-weather period. MKN will perform the following tasks to process the recorded flow monitoring data:
• Coordinate placement of four flow meters throughout the City’s collection system to obtain representative flow information
• Prepare a collection system/flow monitoring site map: showing the existing collection system, parcels and flow monitoring basin areas
• Receive and review weekly flow monitoring data provided by flow monitoring consultant; • Collect daily rainfall data from the City
• Complete a comprehensive analysis of the flow monitoring data including a summary of the estimated average daily and peak hourly flows
The data from the flow monitoring study will be used to determine average daily and dry-weather peak hourly flow conditions within the City’s collection system. This information will also be used in the development of sewer generation rates, the process of which is further defined below. For wet weather conditions, MKN will identify conservative wet-weather peaking factors based on available information provided by the City. However, if desired, wet-weather flow monitoring can also be performed.

Deliverables:
• Data needs list in electronic PDF format
• Flow Monitoring Data and Report in electronic PDF format Assumptions:
• City will provide all necessary data for model development • City will provide access to all manholes as needed for flow monitoring including traffic control if needed
• Flow monitoring limited to four-week dry-weather period Task 603: Wastewater Collection System Evaluation
Subtask 603A - Sewer System Mapping
MKN’s understanding is that the City doesn’t have their sewer system data stored in any Geographic Information System (GIS) or in a hydraulic model. However, the City does have an existing AutoCAD sewer system base map that could be used in the model development.

In order to develop a hydraulic model, information such as pipe geometry, elevations, pipe diameter, pipe material and pipe roughness coefficients, and sewer flows will be needed. MKN proposes to develop a hydraulic model by completing the following tasks:
39 Clete Saunier
FY 2022-2025 PSA – Amendment No. 1
4 • Export system information from AutoCAD to a GIS format • Create a system network with all active system facilities including elevations • Import newly developed network into SewerCAD
The benefit of importing information/data to a GIS format is that it allows a streamlined development of the model and allows for future expansion of the GIS for other City purposes. Creating a system network in GIS will also allow for ready incorporation of any future modeling/master planning effort into the GIS after completion. And finally, a GIS based model will allow easier integration of outside public agency information (e.g., County of Ventura GIS data).

Subtask 603B - Develop Sewer Generation Rates
To develop sewer generate rates for residential, commercial, hotel/motel, and apartment land uses within the service area, MKN will acquire water billing data for all area users, assign the water users to a GIS parcel layer, develop water usage per acre based on land use, and estimate a preliminary sewage generation values based on the assumption that a certain percentage of water consumed (based on land use) returns to the collection system as wastewater. These preliminary sewer generation values will be compared to the newly acquired flow monitoring data, and the percentages of return flows will be adjusted to match the measured flows. Once the return flow percentage is known, sewer generation rates for the various user categories can be generated based on their relative water consumption.

Subtask 603C - Wastewater Flows and Allocation
Similar to the processes used when developing a water system hydraulic model update, MKN will create a “Sewershed” GIS polygon layer to identify the parcels that are located upstream of each sewer manhole that are to be included in the hydraulic model. Each sewershed polygon area will be assigned with a sewer manhole identification number. This process will allow automated assignment of calculated flows to manholes throughout the collection system. This allocation method has been successfully applied to other collection system modeling/master planning projects that MKN has worked on for other public agencies. Once the flow allocation process has been completed, MKN will import the average daily flow (ADF) data into the collection system model.

Subtask 603D - Future Development and Expansion
MKN will work with the City to determine the potential growth and/or redevelopment areas for the City. It is assumed that the City will provide information with respect to where growth is anticipated to occur and the number of potential units and/or land uses. MKN will develop a GIS layer to document the locations of growth, which will also be used to assign the future demands into the updated hydraulic model. Conceptual facilities will be sized to serve the projected growth areas and included in the model analyses. City input will be key in identifying the conceptual facilities. Multiple scenarios will be analyzed based on the anticipated growth and variations in projected demands. 40 Clete Saunier
FY 2022-2025 PSA – Amendment No. 1
5 Subtask 603E - Model Parameter Settings
With the updated network and flow information imported into SewerCAD, additional modeling parameters will be configured. Modeling elements that will require additional configuration in SewerCAD include the following:
• Lift stations (including pump curves) and
• Wetwell operation levels.

Subtask 603F - Hydraulic Analysis
MKN will coordinate with the City to define the design criteria used to: 1) evaluate the existing sewer system, 2) identify deficiencies to serve existing and future flows, and 3) develop recommended system improvements to address identified deficiencies. The analysis will include evaluation of both the collection system and lift stations. With a hydraulic model developed for the Study Area, MKN proposes to run the following simulations to identify the depth over Diameter (d/D) and pipe velocities issues for both existing and future flow conditions:

Existing Flow Conditions
• Average Day Flow (ADF)
• Peak Dry Weather Flows (PDWF)
• Peak Wet Weather Flows (PWWF) (if applicable)
• Capital Improvement Projects for System Deficiencies
Ultimate Flow Conditions
• ADF
• PDWF
• PWWF
• Capital Improvement Projects for System Deficiencies
MKN will use the results of the above-noted evaluation to develop a 20-Year sewer infrastructure implementation plan with a prioritization schedule. This infrastructure implementation plan can be used by the City to program improvements to address current deficiencies into City planning documents and budgets.

Subtask 603G - Lift Station Assessment
MKN will complete a hydraulic capacity and visual condition assessment of the two (2) collection system lift stations. The hydraulic capacity assessment will consist of review of existing lift station records such as pump curves, as-builts and pump operations. The analysis and evaluation will consist of the following items:
• Lift station ability to convey peak flow conditions
• Wet well capacity versus pump cycle
41 Clete Saunier
FY 2022-2025 PSA – Amendment No. 1
6 • Ability to convey peak flows during power outage
• Force main velocities
In addition to the hydraulic evaluation, MKN will complete a visual inspection of the wet well, piping, valves, and control panels to document existing and potential deficiencies.

Deliverables:
• City Sewer System data in GIS format
• Sewer generation rates based on land use type
• GIS parcel layer with Sewer account information and future development areas • Sewer model in Bentley SewerCAD Connect Edition
Assumptions:
• City will provide all necessary data for model development • No field survey is needed, but can be provided as an additional service if needed • Water usage data will be provided by the City as taken from the City’s billing system and will include: account number, monthly water usage, site address, meter type/size, and Assessor’s Parcel Number (APN).
• Dry weather peak hour flow conditions to be based on flow monitoring data collected for this project
• Wet weather flow monitoring is not included but can be performed under separate authorization
• City operations staff will provide access to lift stations Task 604 – Water Recycling Facility Evaluation
Subtask 604A - Hydraulic and Treatment Capacity Analysis MKN will perform a comprehensive evaluation of the existing Water Recycling Facility (WRF) capacity, including treatment and hydraulic capacity of plant equipment and the disposal system with regard to existing and ultimate needs. MKN will review existing available relevant reports and information as described in Task 602A and estimate existing and ultimate flows and loadings based on plant records and typical duty factors. The following tasks will be performed as part of the treatment plant capacity analysis:
• Summarize existing influent flows, loadings, and treated effluent quality • Review design criteria for existing plant equipment
• Identify capacity deficiencies
Subtask 604B - Facility Condition Assessment
A condition assessment of the WRF will be performed to review previous recommendations and gather current information. As part of this effort, MKN will visit the WRF site to document the condition of the existing system and interview the plant operators. An operator forum has been budgeted as part of this task to present alternatives for improvements and collect input. Performing 42 Clete Saunier
FY 2022-2025 PSA – Amendment No. 1
7 the condition assessment will allow MKN to develop a comprehensive list of plant systems that should be improved or upgraded.

Task 605 – Master Plan Development
Subtask 605A - Capital Improvement Plan
MKN will develop a capital improvement program for the existing sewer system that will include capital projects needed to: 1) resolve existing system deficiencies (if any are identified), and 2) accommodate future expansion (assumed to be 20-year planning horizon). MKN will develop a project list identifying the size and location of required facilities, priorities, possible cost-sharing between existing and future users, triggers (e.g. what demands or which number of equivalent dwelling units), and estimated project schedules.

Estimated construction costs for the improvements will be developed based on current market cost information and recent local bids for similar projects. The costs will also include estimates for project administration, design, construction management and project contingency. In addition to capital projects, the project list will also include costs and recommendations for renewal/replacement of existing facility components to maintain system condition. For example, MKN will include recommendations for regular pipeline replacement and repair. MKN will develop overall figures depicting the locations of the recommended CIP projects for existing and future conditions and individual CIP sheets showing locations of the CIPs.

MKN will submit a draft CIP to the City for review and comment and meet with the City to review the draft CIP. Comments from the review and meeting will be incorporated into the final CIP which will form part of the Master Plan.

Subtask 605B - Master Plan Report
A draft version of the Master Plan will be compiled to summarize the efforts and results for the tasks described herein. After a consolidated set of comments are received from the City, MKN will revise the draft Master Plan and present an overview of the findings and recommendations at a regularly scheduled City council meeting.

Comments on the draft Master Plan will be integrated into the Final Master Plan. The final Master Plan will also include an Executive Summary of the goals, efforts and results of the project. One (1) hard copies and a PDF electronic copy of the Final Master Plan will be provided to the City.

Deliverables:
• Draft Sewer System Capital Improvement Plan (1 PDF electronic copy) • Final Sewer System Capital Improvement Plan (1 PDF electronic copy) • Draft Master Plan report (five (5) hard copies and one (1) PDF electronic copy) • Final Master Plan (one (1) hard copies and one (1) PDF electronic copy) 43 Clete Saunier
FY 2022-2025 PSA – Amendment No. 1
8 ASSUMPTIONS
MKN shall be entitled to rely reasonably upon the accuracy of data and information provided by or through the City and will use good professional judgment in reviewing and evaluating such information. If MKN identifies any error or inaccuracy in data or information provided by or through City, or determines that additional data or information is needed to perform the services, MKN shall promptly notify the client.

MKN will provide data requests to City as needs arise.

REGIONAL WATER

MANAGEMENT PLAN
$4,775 $4,918 $5,066
Subtotal Tasks 100, 300,
400, and 500 $421,253 $372,174 $447,140
200 – RECYCLED WATER

DISTRIBUTION SYSTEM

PLANNING, DESIGN AND

CONSTRUCTION PHASE

SERVICES
$414,789 $895,608 $0
Total – Current
Authorization $836,042 $1,267,783 $447,140
Task 600 Budget –
Wastewater Master Plan
Update
$191,193 -- --
Amended Budget $1,027,345
We hope this proposal meets your expectations and look forward to continuing our work with you and the City.
44 Clete Saunier
FY 2022-2025 PSA – Amendment No. 1
9 Sincerely,
Michael K. Nunley, PE
CEO/President
Attachments:

Detailed Budget with Manhour Breakdown
45 2/7/2023
Project DirectorPrincipal Engineer
Senior PlannerAssistant Engineer II
Administrative Assistant
Total Hours (MKN)
Labor (MKN)ODCs (MKN)Gold Coast Environmental
(Flow Monitoring)Non‐Labor Costs
Total Fee
Hourly Rates 250 240 206 168 105
601A Kickoff Meeting (1 total) 4 4 4 12 $2,496 375 $ ‐ $ $375 2,871 $ Progress Meetings (3 total) 3 3 6 12 $2,376 871 $ ‐ $ $871 3,247 $ Review Meeting for Draft Capital Improvement Plan (1 total) 2 2 4 8 $1,584 848 $ ‐ $ $848 2,432 $ Review Meeting for Draft Master Plan document (1 total) 2 2 4 8 $1,584 848 $ ‐ $ $848 2,432 $ City council presentation (1 total) 12 12 12 36 $7,488 1,025 $ ‐ $ $1,025 8,513 $ 601B Project Management and Quality Assurance/Quality Control 16 16 6 38 $8,848 265 $ ‐ $ $265 9,113 $ Subtotal 39 16 23 36 0 114 24,376 $ $ ‐ 4,231 $ $ 4,231 $ 28,607 602A Data Collection and Review 2 8 16 26 $4,836 145 $ ‐ $ $145 4,981 $ 602B Flow Monitoring Study 2 12 24 38 $7,004 210 $ $ 16,500 $16,710 23,714 $ Subtotal 4 0 20 40 0 64 11,840 $ $ 355 $ 16,500 $16,855 $ 28,695 603A Sewer System Mapping 16 80 96 $16,736 502 $ ‐ $ $502 17,238 $ 603B Develop Sewer Generation Rates 2 4 8 14 $2,668 80 $ ‐ $ $80 2,748 $ 603C Wastewater Flows and Allocation 4 16 20 $3,512 105 $ ‐ $ $105 3,617 $ 603D Future Development and Expansion 2 4 8 14 $2,668 80 $ ‐ $ $80 2,748 $ 603E Model Parameter Settings 8 4 12 $2,320 70 $ ‐ $ $70 2,390 $ 603F Lift Station Assessment 8 4 8 20 $4,088 123 $ ‐ $ $123 4,211 $ 603G Hydraulic Analysis 4 8 32 44 $8,024 241 $ ‐ $ $241 8,265 $ Subtotal 8 8 48 156 0 220 40,016 $ $ ‐ 1,200 $ $ 1,200 $ 41,216 604A Hydraulic and Treatment Capacity Analysis 24 32 8 60 124 $25,408 1,262 $ ‐ $ $1,262 26,670 $ 604B Facility Condition Assessment 24 32 8 60 124 $25,408 1,262 $ ‐ $ $1,262 26,670 $ Subtotal 48 64 16 120 0 248 50,816 $ $ ‐ 2,524 $ $ 2,524 $ 53,340 605A Draft Capital Improvement Plan 4 16 16 24 2 62 $12,378 371 $ ‐ $ $371 12,749 $ Final Capital Improvement Plan 2 4 4 8 2 20 $3,838 115 $ ‐ $ $115 3,953 $ 605B Draft Master Plan Report 2 24 24 40 2 92 $18,134 544 $ ‐ $ $544 18,678 $ Final Master Plan Report 2 4 4 8 2 20 $3,838 115 $ ‐ $ $115 3,953 $ Subtotal 10 48 48 80 8 194 38,188 $ $ ‐ 1,146 $ $ 1,146 $ 39,334 TOTAL BUDGET 109 136 155 432 8 840 $165,236 9,457 $ $ 16,500 $25,957 $ 191,193 Task Group 605: Sewer Master Plan Document
Task Group 600 Wastewater Collection System and Water Recycling Facility Master Plan Task 602: Data Collection and Review
Task 601: Meetings, Project Management, and QA/QC
Task Group 603: Wastewater Collection System Evaluation Task Group 604: Water Recycling Facility Evaluation
N:\Santa Paula\SP‐2022‐002 FY 2022‐2023 WRF Operations Support\100 PM\102 Contracts\Contract Mods\Amendment No. 1\SP Sewer Master Plan Fee Page461 To: Honorable Mayor and Members of the City Council
From: Jonathan Royas, Management Analyst
Subject: COMMUNITY BIKE TRAIL CONNECTIVITY PROJECT FUNDING Date: March 1, 2023
Agenda Item: 10.D

CITY OF SANTA PAULA

MEMORANDUM
RECOMMENDATION:

Staff recommends that the City Council:

2. Approve a budget allocation of $1,872,668 in new revenue and matching expenditures as noted in the Fiscal Impact section of this report.

BACKGROUND:

On September 26, 2022, the City of Santa Paula applied for a Ventura County Transportation Commission (VCTC) Grant to construct up to 2.48 miles of new bike trail pathways in the City which would connect to the existing bike trail pathway in town.

On December 2, 2022, VCTC awarded the City of Santa Paula a Transportation Development Act (TDA) Article 3 grant allocation in the amount of $1,482,878 for the Santa Paula Community Bike/Trail Connectivity Project (See Exhibit A).

ANALYSIS:

The Santa Paula Community Bike/Trail Connectivity Project extension will improve pedestrian connectivity throughout the City from the west end of town to the east end. As part of the assessment, planning, design and construction, the City has identified three possible connection extensions which will be explored during this project:

Create a bike trail/pathway extension from the east side of town making a connection from the existing bike trail and connecting it to the new 37-acre regional sports park and the Harvest housing development. This would include a connection to the planned bridge across the Santa Paula Creek.

Create a bike trail/pathway extension from the existing bike trail pathway on N. Peck Road with the City's West End Business Park.
47 Create a northern bike trail/pathway extension along the Santa Paula Creek which would allow those who live in the adjacent neighborhoods to access the City's wider cycling network and key locations, such as the Santa Paula Youth Center and downtown Santa Paula.

Staff has had an initial meeting to discuss how the funding will be utilized. The first part of the process will entail staff issuing a Request for Proposals (RFP) to hire a consultant to design, plan and seek public input regarding the proposed bike trail extensions.

As such, this item is being presented to the Council to request its recognition of the new revenue and matching expenditures as outlined in the fiscal impact section of this staff report.

In addition, VCTC requires an authorizing resolution from the governing body that addresses several provisions included in the attached resolution (Exhibit B).

STRATEGIC PLAN:

This item supports City Council’s goal to maintain and develop the City's infrastructure to be safe, sustainable, innovative, and cost-efficient under Section C: Infrastructure, Transportation & Mobility of the two-year Strategic Plan by improving and expanding the bicycle and pedestrian multi-modal systems throughout our City.

FISCAL IMPACTS:

A new budget allocation of $1,872,668 in revenue and matching expenditures is needed. As a requirement to receiving the grant funds from VCTC, the City is required to match 11.47% of the project cost or $192,122.50. As such, the City will use $389,790 in federal Coronavirus Response and Relief Supplemental Appropriations (CRRSAA) funds from VCTC to cover the required local match for this project.

The Federal Coronavirus Response and Relief Supplemental Appropriations Act of 2021 apportioned $911.8 million to California (COVID Relief Funds). Under the Act, the COVID Relief Funds may be used for a broad range of surface transportation purposes listed in Section 113(b) of Title 23 of the U.S. Code and are meant to “prevent, prepare for, and respond to coronavirus.” Specifically, the Act allows states to cover revenue losses and allows COVID Relief Funds to be used on new or existing projects, and for preventive and routine maintenance; operations; personnel; salaries; contracts; debt service payments; and availability payments; as well as transfers to public tolling agencies. The CRRSAA Program is funded from the Non-STIP regional distribution of the COVID Relief Funds and the Mid-Cycle STIP is funded from the STIP regional distribution of the COVID Relief Funds.

As such, the City of Santa Paula was allocated $389,790 in CRRSAA funds which have been approved for use by VCTC for this project (Exhibit C).

As a result, the following budget adjustment is recommended:

Account Description Fund 282 Fund 413 Total
XXX-5-9378-
290
Preliminary Engineering $154,927.50 $200,000.00 $354,927.50 48 XXX-5-9378-
660
Construction $1,327,950.00 $189,790.00 $1,517,740.00
Total: $1,482,877.50 $389,790.00 $1,872,667.50
OPTIONS:

City Council has the following alternative option(s) available:

1. Provide staff with alternate direction. If this item is not approved by Council, staff will not be able to move forward with the bike trail expansion project, thereby forfeiting the awarded grants funds.

ATTACHMENTS:

EXHIBIT A - VCTC TDA Approval Documents.pdf
EXHIBIT B - Resolution No. 7446.pdf
EXHIBIT C - CRRSAA Award Documentation.pdf
49 EXHIBIT A - VCTC

TDA APPROVAL

DOCUMENTS
50 From: Clete Saunier
To: Bob Woodward; Jonathan Royas; Ruth Juanes
Cc: Dan Singer
Subject: FW: Agenda item 9 - Approved TDA Article 3 Project - FY22/23 Date: Tuesday, December 6, 2022 1:27:02 PM
Attachments: TDA Claim forms - FY22-23.xlsx
TDA Claim Manual - Updated 072220.pdf
Agenda Item 9 - Combined Call Project Priority Listing - Approved TDA Art3.pdf From: Thao Le <[email protected]>
Sent: Tuesday, December 6, 2022 12:47 PM
To: Mike Tohidian <[email protected]>; Elisa Magana <[email protected]>; [email protected]; Jaime Boscarino <[email protected]>; Nader Heydari <[email protected]>; Christy Ramirez <[email protected]>; Rod Baltazar <[email protected]>; Clete Saunier <[email protected]>; Ruth Juanes <[email protected]>; Lindy Palmer <[email protected]>; [email protected]; [email protected]; [email protected]; Pam Greer <[email protected]>; Redican, Alisha <[email protected]>; Derossett, Glenn <[email protected]>; Cavaletto, Debra <[email protected]>; David Fleisch <[email protected]>; [email protected]; [email protected]
Cc: Sally DeGeorge <[email protected]>; Heather Miller <[email protected]>; Peter DeHaan <[email protected]>; Geiska Velasquez <[email protected]> Subject: Agenda item 9 - Approved TDA Article 3 Project - FY22/23 Hi,
On December 2, 2022, VCTC approved apportionment of TDA Article 3 Fund (agenda item #9). The detail of agency name, Projects, and amount are on agenda 9 - attachment B (highlighted in yellow).

Claim for Article 3 fund should be submitted to VCTC by February 15, 2023 for timely allocation of money FY2022-2023
The attached Transportation Development Act (TDA) claims manual and updated claim forms will provide guidance to complete the Excel claim forms as well as general information about TDA.

Please refer to the State TDA Statutes and California Code of Regulations for specific questions and guidance of TDA. The updated State TDA manual from July 2018 can be found atTransportation Development Act (TDA) Statutes and California Code of Regulations. The VCTC TDA Claims manual and Excel forms can be found on the VCTC website under Finance at https://www.goventura.org/about/finance/
If you have any questions or need assistance, please contact Thao Le at (805) 642-1591 ext. 104 or 51 Sally DeGeorge at ext. 105.

Thank you,
Thao Le
Program Manager - Accounting
Ventura County Transportation Commission
751 E. Daily Drive, Suite 420
Camarillo, CA 93010
Email: [email protected]
Phone: (805) 642-1591 ext.104
Fax: (805) 642 -4860
“This is an electronic transmission from the City of Santa Paula. This electronic transmission, and any documents attached hereto, may contain confidential and/or legally privileged information. The information is intended only for use by the recipient named above. If you have received this electronic message in error, please notify the sender and delete the electronic message.”
52 RECOMMENDED FEDERAL (CMAQ/CRP)/STATE (TDA ARTICLE 3) FUNDED NON‐TRANSIT PROJECTS Project Name Agency Committee Score Federal (CMAQ/CRP)
State (TDA Article 3)
FY22/23
State (TDA Article 3)
FY 23/24 Total Funds
Accessible Pedestrian Enhancements Project City Of Oxnard 83 $ 2,597,509 $ 500,000 $ 3,097,509 Hillcrest Drive Bike Lanes and Pedestrian Improvements 1 City of Thousand Oaks 74 $ 433,797 $ 433,797 City of Santa Paula Community Bike/Trail Connectivity Project City of Santa Paula 72 $ 1,482,878 $ 1,482,878Ojai 2022 Bike Rack Installation City of Ojai 67 $ 48,675 $ 48,675 Camarillo to CSUCI Shared‐Use Path Feasibility Study Project County of Ventura 66 $ 132,795 $ 132,795 Lynn Road Bike Lanes and Pedestrian Improvements 2 City of Thousand Oaks 62 $ 2,511,595 $ 175,000 $ 2,686,595 Residential Street Sidewalk and HAWK Signal Project 3 City of Ventura 60 $ 3,120,797 $ 3,120,797Central Avenue Bike Lanes (ST‐5102) 4 City of Camarillo 56 $ 5,311,800 $ 5,311,800North Terminal Shore Power 5 Port of Hueneme 53 $ 10,442,523 $ 10,442,523 $ 24,418,021 $ 1,839,348 $ 500,000
Total: $ 26,757,369 1 Funding is less than the requested amount as the project is antipicated to receive regional ATP funds. 2 Funds include $1,068,595 in CRP and $1,443,000 in CMAQ and $175,000 in Article 3 (funding is less than overall request as the project is also anticipated to receive regional ATP funds.)3 Funds include $1,753,297 in CMAQ and $1,367,500 in CRP.4 Funds include $1,964,788 in CRP and $3,347,012 in CMAQ.5 Project partially funded with $1,367,500 in CRP and $9,075,023 in CMAQ funds for a total of $10,442,523; funding request totaled $11,912,472 therefore unfunded $1,469,949 recommended for Shelf List.

RECOMMENDED UNFUNDED NON‐TRANSIT PROJECTS SHELF LIST
Project Name Agency Committee Score Federal (CMAQ/CRP) Total Funds:

North Terminal Shore Power 5 Port of Heuneme 53 $ 1,469,949 $ 1,469,949 53 Item #9
December 2, 2022
MEMO TO: VENTURA COUNTY TRANSPORTATION COMMISSION
FROM: HEATHER MILLER, PROGRAM MANAGER
SUBJECT: APPROVE PRIORITY RANKING FOR COMBINED CALL-FOR-PROJECTS FOR

CONGESTION MITIGATION AND AIR QUALITY (CMAQ), TRANSPORTATION DEVELOPMENT ACT (TDA) ARTICLE 3, SB 1 STATE OF GOOD REPAIR (SGR), AND CARBON REDUCTION PROGRAM (CRP) FUNDS – PUBLIC HEARING RECOMMENDATION:
• Open public hearing and receive testimony.
• Program $20,038,729 Congestion Mitigation and Air Quality (CMAQ) funds, $2,627,950 State of Good Repair (SGR) funds, and $694,150 Carbon Reduction Program (CRP) funds for a total of $23,360,829 to the transit projects prioritized in Attachment A. • Reprogram $1,075,544 in Section 5339 funds from VCTC Intercity leases and technology equipment to VCTC’s Valley Express Replacement Buses project included in the prioritized transit project list in Attachment A.
• Program $18,649,638 Congestion Mitigation and Air Quality (CMAQ) funds, $1,839,348 FY 22/23 TDA Article 3, $500,000 FY 23/24 TDA Article 3 funds, and $5,768,383 Carbon Reduction Program (CRP) funds for a total of $26,757,369 to the non-transit projects as shown in Attachment B. • Approve $1,469,949 for “Shelf List” funding as specified in Attachment B.

BACKGROUND:

At its July 8 meeting, the Commission approved guidelines for the combined CMAQ/TDA Article 3/State of Good Repair Call-for-Projects with a subsequent Notification of Funding Availability announced on July

11. The guidelines outlined program eligibility, funding availability, and provided for separate scoring of transit and non-transit projects, with the Transit Operators Advisory Committee (TRANSCOM) to review transit projects and the Transportation Technical Advisory Committee (TTAC) to review non-transit projects and approve recommendations to the Commission in keeping with the policy that each of the two categories receive half of the CMAQ funds.

When the guidelines were adopted by the Commission, “off-the-top” funding for Regional Ridesharing and Transit Outreach was also approved resulting in an estimated of $24.3 million in available CMAQ funds for non-transit projects and $13.5 million in available CMAQ funds for transit projects. Additionally, nontransit projects (primarily bicycle and pedestrian) could receive available TDA Article 3 funds (deducting a 25% set aside for bike path maintenance) that include prior carryover funds and FY 22/23 and 23/24 fund estimates for a total of $2.57 million. In addition, Transit projects could receive available State of Good Repair (SGR) funds. SGR funds for capital transit projects provide $6 million through FY 2026/27. 54 Additionally, staff recommends augmenting this call-for-projects with Carbon Reduction Program (CRP) funds. The CRP is a new program introduced with the Infrastructure Investment and Jobs Act (IIJA) that provides funds for projects designed to reduce transportation emissions (CO2). CRP funding is apportioned to regions and local agencies based on population and would add approximately $7.6 million in total funding over the five years of the IIJA from FY 21/22 through FY 25/26 for either transit or nontransit program eligible projects.

DISCUSSION:

Project Ranking
As specified in the guidelines, project applications were due to VCTC on September 23. VCTC received a total of eighteen (18) projects with a total project cost of $64,254,289 and total funding request of $57,321,483.

As provided in the approved guidelines, the first step in screening the applications was to review the eligibility of the projects based on requested program funding, financial feasibility, and planning consistency. All submitted projects met with the initial screening requirements. All applicants also provided an 11.47% funding match to be eligible for CMAQ funds. The subsequent scoring of projects was based on the approved criteria in the Guidelines and performed by VCTC staff, apart from the Air Quality criterion which was scored by Ventura County Air Pollution Control District (VCAPCD) staff.

Additionally, staff from the Southern California Associations of Governments (SCAG) reviewed and approved the final recommended project list.

For transit projects, points were awarded in the categories of a project’s potential to increase transit ridership, a project’s necessity to the continued operation of the existing transit system, air quality benefits, safety & security, and the leveraging of funds for other grant opportunities. The strongest scores primarily reflect projects providing the most air quality improvement (up to 45 points of the 100 awarded) such as new transit service or alternative fuel vehicle purchases. The highest scoring project, GCTD’s Booster Service project, demonstrated strong existing ridership demand due to the recent launch of the Youth Ride Free program, and highest potential for air quality improvement and lowering of vehicle miles traveled (VMTs) for every anticipated vehicle trip taken off the road.

For non-transit projects, points were awarded in the categories of safety improvement, project readiness, air quality benefits, project potential to attract active transportation users and reduce vehicle miles traveled (VMT), network connectivity, complete street design, and leveraged funds. The City of Oxnard’s Accessible Pedestrian Enhancement Project ranked highest due to the safety improvement benefits of the project and the potential to encourage a high number of active transportation users in the identified project location.

Project Funding
Based on available funding, a prioritized list of transit and non-transit projects and recommended funding is provided in Attachment A (transit projects) and Attachment B (non-transit projects.) Transit
Sufficient CMAQ funds allowed for a majority of the submitted transit projects to be funded primarily for local transit operator’s bus purchases as shown in the project priority list. CMAQ funds are recommended for Gold Coast Transit District’s (GCTD) purchase of twenty-one (21) replacement CNG buses, including a match for federal Low-No Program grant funds awarded to GCTD in order to upgrade six (6) of the 21 bus purchases to hydrogen. The purpose of the Low-No Program is to support the transition of transit fleets to the lowest polluting and most energy efficient transit vehicles and aligns with the goals of the CMAQ program.

Supplemental Carbon Reduction Program (CRP) funds are recommended for Thousand Oak’s Microgrid (Battery Backup) for EV Bus Charging lnfrastructure project. This project is suitable for CRP funds since they are required to be used within the urban area to which they are apportioned and for projects that demonstrate the potential to reduce carbon emissions.
55 State of Good Repair (SGR) funds are recommended for the City of Thousand Oak’s Replacement of Dial-a-Ride Vans. VCTC’s Valley Express Replacement Buses project is also recommended for SGR funding since the project is ineligible for CMAQ funds. VCTC’s Valley Express Bus Replacement reflects a lower potential for air quality improvement since the replacement vehicles were not identified as alternative fuel vehicles pending the outcome of a Zero Emission Bus Rollout (ZEB) Plan. However, the entire VE fleet has exceeded their useful life (ULB) and require replacement to maintain the current level of service, therefore the project is recommended for SGR funding. Additionally, FTA Section 5339 funds that were previously programmed for VCTC Intercity leases and technology equipment, but are now not needed, are recommended to be reprogrammed to the Valley Express Replacement Buses project to fully fund this project.

TRANSCOM approved the list of transit projects recommended for funding on November 9.

Non-Transit
Recommended bicycle and pedestrian projects for funding is shown in Attachment B with CMAQ/CPR funds primarily supporting these projects. The City of Thousand Oaks submitted two CMAQ project applications that were also submitted to the Cycle 6 Active Transportation Program (ATP). Both project applications received strong CTC scores from the statewide ATP selection evaluation and are anticipated to receive regional MPO Component ATP funding. The CMAQ application included design phase funding requests and increased construction costs that the ATP did not include, therefore staff recommends funding the difference with available CMAQ funds.

In addition, State TDA Article 3 funds are recommended for the City of Ojai’s Bike Rack project, the City of Santa Paula’s Community Bike/Trail Connectivity project, and the County of Ventura’s Camarillo to CSUCI Shared-Use Path Feasibility Study Project. The feasibility study is for a Class I shared-use path from the City of Camarillo to California State University, Channel Islands and as a planning project only eligible for Article 3 funds.

Staff recommends funding the Port of Hueneme’s North Shore Power Terminal project with Oxnard/Ventura’s allotment of CRP funds for FY 21/22-22/23 in combination with CMAQ funds for a total of $10.4 million of the $11.5 million requested by the Port. The North Shore Power Terminal project provides significant emission reduction benefits to “fence line” communities with the installation of an electrical-grid-base connection allowing vessels to shut down diesel emissions while at berth. The unfunded portion of the project will be placed on a Shelf List (included in Attachment B) in the event additional future funding becomes available, or it is necessary to quickly obligate funds to a ready-to-go project to avoid a possible loss of funds to the county. VCTC staff may reprogram funds between CMAQ and CRP to ensure the maximum availability of both types of funding.

TTAC approved the list of non-transit projects recommended for funding on November 16. 56 57

EXHIBIT B
Resolution No. 7446
58 RESOLUTION NO. 7446

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA

PAULA, CALIFORNIA, AUTHORIZING THE FILING OF A CLAIM

WITH THE VENTURA COUNTY TRANSPORTATION COMMISSION

FOR ALLOCATION OF TRANSPORTATION DEVELOPMENT ACT
FUNDS FOR FISCAL YEAR 2022/2023
SECTION 1: The City Council finds and declares as follows:

A. WHEREAS, the Transportation Development Act (TDA), as amended (Public Utilities Code (“PUC”) Section 99200 et seq.), provides for the allocation of funds from the Local Transportation Fund (LTF) and the State Transit Assistance Fund for use by eligible claimants for various transportation and transit purposes as allowed by TDA; and B. WHEREAS, pursuant to the provisions of the TDA, as amended, and pursuant to the applicable rules and regulations hereunder (California Code of Regulations Sections 6600 et seq.), a prospective claimant wishing to receive an allocation from the Local Transportation Fund and the State Transit Assistance fund shall file its claim with the Ventura County Transportation Commission.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA
PAULA DOES HEREBY RESOLVE AS FOLLOWS:

SECTION 2: The City of Santa Paula (“City’) is authorized to execute and file an appropriate claim pursuant to the applicable rules and regulations promulgated under the TDA, together with all necessary supporting documents, with the Ventura County Transportation Commission for an allocation of TDA funds in Fiscal Year 2022/2023.

SECTION 3: The authorized claim is for Article 3 for pedestrian and bicycle expenditures (PUC § 99234) in the amount of $1,482,878.00.

SECTION 4: The authorized claim includes 100% of available State Transit Assistance (STA) funds according to the allocations published by the State Controller's Office for local transportation planning and mass transportation purposes (PUC § 99301).

SECTION 5: The authorized claim includes 100% of available State of Good Repair funds according to the amounts published by the State Controller's Office (PUC §§ 99313 and 99314).

SECTION 6: City staff is directed to transmit a copy of this resolution to the Ventura County Transportation Commission in conjunction with the filing of the claim. The claim packet shall include a copy of the agenda item under which the resolution was considered for adoption.
59 PASSED AND ADOPTED, this 1st day of March, 2023.
______________________________
Andy Sobel, Mayor
ATTEST:
_______________________________
Julie Latshaw, City Clerk
Approved as to form:
_______________________________
Monica Castillo, Interim City Attorney
Approved as to content:
_______________________________
Dan Singer, City Manager
60 EXHIBIT C - CRRSAA
Award Documentation
61 State of California California State Transportation Agency

DEPARTMENT OF TRANSPORTATION

MEMORANDUM
To: CHAIR AND COMMISSIONERS CTC Meeting: August 17-18, 2022

CALIFORNIA TRANSPORTATION COMMISSION
From: STEVEN KECK, Chief Financial Officer
Reference Number: 2.5k., Action Item
Prepared By: Dee Lam, Chief
Division of Local Assistance
Subject: PROJECT LIST FOR ALLOCATION OF THE FEDERAL CORONAVIRUS

RESPONSE AND RELIEF SUPPLEMENTAL APPROPRIATIONS ACT
OF 2021 – CRRSAA PROGRAM FUNDS.

RESOLUTION CRSA-A-2223-01
ISSUE:

Should the California Transportation Commission (Commission) approve the Project List for the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 (CRRSAA) in accordance with the program guidelines?
RECOMMENDATION:

The California Department of Transportation (Department) recommends that the Commission approve the Project List for the CRRSAA Program. The CRRSAA Program guidelines require regions to submit a project list for allocation by the Commission prior to the obligation of funds. Approval of this Project List will allow five local agencies to seek obligation of project funds for five projects totaling $1.5 million to be allocated listed in Attachment A.

BACKGROUND:

The CRRSAA apportioned $911.8 million to California. Under CRRSAA, the COVID Relief Funds may be used for a broad range of surface transportation purposes listed in Section 113(b) of Title 23 of the U.S. Code and are meant to “prevent, prepare for, and respond to coronavirus”. Specifically, CRRSAA allows states to cover revenue losses, which is important given that California’s state-generated transportation revenues have declined by about $1.5 billion due to the pandemic. Additionally, CRRSAA allows COVID Relief Funds to be used for preventive and routine maintenance, operations, personnel, salaries, contracts, “Provide a safe and reliable transportation network that serves all people and respects the environment.”
62 CHAIR AND COMMISSIONERS Reference No.: 2.5k.

CALIFORNIA TRANSPORTATION COMMISSION August 17-18, 2022

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debt service payments, availability payments, as well as transfers to public tolling agencies.

At the March 2021 Commission meeting, the Commission approved the COVID Relief funding distribution and regional apportionments for the CRRSAA Program. A total of $182.4 million will be distributed to the regions from the CRRSAA Program.

As of June 30, 2022, 158 projects totaling $157.2 million have been allocated.

FINANCIAL RESOLUTION:

Be it Resolved, the Commission approves the Project List submitted for CRRSAA Program funding, as presented in Attachment A.

The Department is authorized to sub-allocate these funds in accordance with their subvention policies and procedures.

Attachment
“Provide a safe and reliable transportation network that serves all people and respects the environment.”
63 CRRSAA Project Listing
(as of August 2022) Reference No.: 2.5k
August 17-18, 2022
Attachment A
Summary of CRRSAA Project Listing:

Projects Number of Projects Total CRRSAA
Project Cost
Total CRRSAA
Obligations
Allocated 158 $157.2 million $15.1 million
This Request 5 $1.5 million
Total: 163 $158.7 Million $15.1 Million
MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
MTC Region
Project 1 4 BART Fare Collection Equipment BART Various MTC MTC $4,335,000 No $84,227,214 Concord
Project 1 4 LAVTA Passenger Facilities Enhancements LAVTA Alameda MTC MTC $2,000,000 No $2,863,000 SF-Oakland
Project 1 4 Bay Bridge Forward: I-580 WB HOV Lane
Extension
MTC Alameda MTC MTC $7,000,000 No $12,500,000
Project 2 4 Oakland 14th Street Complete Streets City of Oakland Alameda MTC MTC $1,000,000 No $14,031,998 Project 3 4 Richmond 13th Street Complete Streets City of Richmond
Contra Costa MTC MTC $2,821,000 No $3,669,000
Project 4 4 San Francisco Folsom Streetscape SFMTA San Francisco MTC MTC $5,000,000 No $36,340,000 Project 5 4 East of US 101 Transit Expansion City of San Mateo
South San
Francisco
MTC MTC $430,076 No $480,000
Santa Rosa
Project 1 4 Downtown Cotati and Civic Center
Connectivity and Safety Imps
Cotati Sonoma MTC MTC $1,008,000 No $2,500,000
Project 2 4 Santa Rosa Transit Mall Roadbed
Rehabilitation
Santa Rosa Sonoma MTC MTC $868,000 No $990,000
San Jose
Project 1 4 Mountain View Stierlin Road Bicycle and
Pedestrian Imps
Mountain View Santa Clara MTC MTC $1,486,000 No $4,562,000 *Gray Italics indicates project approved at previous meeting. *Project approved at previous meeting and removed by Local Agency is strikethrough – San Joaquin County (Page 18)

Page 1 of 21 ends

64 CRRSAA Project Listing
(as of August 2022) Reference No.: 2.5k
August 17-18, 2022
Attachment A
MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Project 2 4 San Jose Bascom Avenue Protected Bike
Lanes & Complete Street
San Jose Santa Clara MTC MTC $690,000 No $850,000
Project 3 4 San Jose Julian Street & McKee Road Vision
Zero Complete Streets
San Jose Santa Clara MTC MTC $705,000 No $841,000
Project 4 4 En Movimiento Quick Build Network for East
San Jose
San Jose Santa Clara MTC MTC $1,325,000 No $1,565,000
Project 5 4 San Jose - Downtown Bikeways San Jose Santa Clara MTC MTC $4,025,000 No $4,735,000 Project 6 4 Sunnyvale Bicycle, Pedestrian and SRTS
Safety Imps
Sunnyvale Santa Clara MTC MTC $1,900,000 No $1,900,000
TOTAL APPORTIONED $34,593,076 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $34,593,076 MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
SCAG Region
Los Angeles
County
Project 1 7 Alosta Road Rehabilitation from Citrus Ave to Barranca Ave
City of Azusa Los Angeles Metro SCAG $231,475 No $1,621,000 Project 2 7 North Portal - second entrance/exit to the
Wilshire/Rodeo Purple Line Station (under
construction)
City of Beverly
Hills
Los Angeles Metro SCAG $158,528 No $158,528
Project 3 7 Santa Gertrudes Overlay and Reconstruction City of Whittier Los Angeles Metro SCAG $406,872 No $2,224,000 Project 4 7 Verdugo Road Improvement Project: roadway
improvement and traffic signal modification
between Colorado Street and City of LA
City of
Glendale
Los Angeles Metro SCAG $957,372 No $5,000,000
Project 5 7 Street Improvement Project at 147th Street, 163rd Street, and 166th Street.

City of
Lawndale
Los Angeles Metro SCAG $153,636 No 154,000
*Gray Italics indicates project approved at previous meeting. *Project approved at previous meeting and removed by Local Agency is strikethrough – San Joaquin County (Page 18)

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65 CRRSAA Project Listing
(as of August 2022) Reference No.: 2.5k
August 17-18, 2022
Attachment A
MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Project 6 7 Controlled Access Medians, Signal upgrades
and Pedestrian Refuges at various locations
on Anaheim Street between the Los Angeles
River and Pacific Coast Highway.

City of Long
Beach
Los Angeles Metro SCAG $2,209,296 No 2,209,000
Project 7 7 Dedicated Class II bike lanes, sidewalk
construction, ADA-compliant corner ramps,
and pedestrian lighting and traffic signal
improvements along Montebello Boulevard to
connect retail/employment centers with
low/moderate income housing.

City of
Montebello
Los Angeles Metro SCAG $297,852 No 298,000
Project 8 7 ADA Curb Ramps and Path of Travel -
Citywide (CDBG) (FY 21-22)
City of Pomona Los Angeles Metro SCAG $722,761 No 723,000 Project 9 7 ASPHALT OVERLAY FEDERAL PROJECT -
Citywide
City of Santa
Clarita
Los Angeles Metro SCAG $1,035,968 No 3,043,000
Project 10 7 Annual Paving and Sidewalk Repair
FY2023/2024
City of Santa
Monica
Los Angeles Metro SCAG $432,138 No 432,000
Project 11 7 South Whittier Community Bikeway Access
Improvements
Los Angeles
County
Los Angeles Metro SCAG $3,859,000 No $13,181,000
Project 12 7 Washington Blvd, Colima Road, La Mirada
Boulevard, and Meyer Road improvements
Los Angeles
County
Los Angeles Metro SCAG $1,000,000 No $6,889,000
Project 13 7 STPL Force Account Resurfacing Project XXI.

Citywide resurfacing and construction of ADA
compliant access ramps and truncated domes
City of Los
Angeles
Los Angeles Metro SCAG $6,000,000 No $17,500,000
Project 14 7 Anaheim Signal upgrade and Ped Refuge City of Long Beach
Los Angeles Metro SCAG $2,209,296 No $5,535,000
Project 15 7 Expo/Northvale Bike Path Project City of Los Angeles
Los Angeles Metro SCAG $5,293,000 No $10,814,000
Project 16 7 Los Angeles River Bike Path Phase IV City of Los Angeles
Los Angeles Metro SCAG $4,959,630 No $7,244,000
Project 17 7 Cesar Chavez Ave/Lorena St/Indiana St
Intersection Improvements
City of Los
Angeles
Los Angeles Metro SCAG $1,500,000 No $20,433,000
*Gray Italics indicates project approved at previous meeting. *Project approved at previous meeting and removed by Local Agency is strikethrough – San Joaquin County (Page 18)

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66 I I
CRRSAA Project Listing
(as of August 2022) Reference No.: 2.5k
August 17-18, 2022
Attachment A
MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Project 18 7 HSIP Cycle 8 Left Turn Signal Modification City of Los Angeles
Los Angeles Metro SCAG $1,000,000 No $6,836,100
TOTAL APPORTIONED $47,589,281 REMAINING APPORTIONMENT $15,162,457 CRRSAA FUNDING TOTAL $32,426,824 MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Riverside County
Project 1 8 Mid County Parkway Construction Contract 2 RCTC Riverside RCTC SCAG $6,314,000 No $205,165,000 Project 2 8 Regional Signal Synchronization Phase II Coachella Valley
Association of
Governments
(CVAG)
Riverside RCTC SCAG $4,262,603 No $54,600,000
TOTAL APPORTIONED $10,576,603 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $10,576,603 MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
San Bernardino County
Project 1 8 Widen sections of US 395 from two to four
lanes between I-15 and Palmdale Road in the
Cities of Hesperia and Victorville
SBCTA San Bernardino SBCTA SCAG $9,960,528 No $73,958,000 TOTAL APPORTIONED $9,960,528 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $9,960,528 *Gray Italics indicates project approved at previous meeting. *Project approved at previous meeting and removed by Local Agency is strikethrough – San Joaquin County (Page 18)

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67 CRRSAA Project Listing
(as of August 2022) Reference No.: 2.5k
August 17-18, 2022
Attachment A
MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Orange County
Project 1 12 Santiago Canyon Road Street Rehabilitation (from Newport Boulevard to Jamboree Road)
City of Orange Orange OCTA SCAG $403,299 No $980,000
Project 2 12 Garden Grove Blvd Rehabilitation between
Harbor Blvd and Fairview Street
City of Garden
Grove
Orange OCTA SCAG $506,380 No $880,000
Project 3 12 Melinda Road Pavement Rehabilitation (from Olympiad Road to Santa Margarita Parkway)
City of Mission
Viejo
Orange OCTA SCAG $276,328 No $690,000
Project 4 12 Von Karman Avenue Pavement Rehabilitation City of Newport Beach
Orange OCTA SCAG $252,095 No $740,000
Project 5 12 Arterial Slurry Seal – Jeronimo & Muirlands City of Lake Forest
Orange OCTA SCAG $248,199 No $1,600,000
Project 6 12 Asphalt pavement rehabilitation – Arterial Rehabilitation
City of
Huntington
Beach
Orange OCTA SCAG $578,011 No $5,400,000
Project 7 12 Repaving Cerritos Avenue City of Stanton Orange OCTA SCAG $200,000 No $200,000 Project 8 12 Rehabilitation of pavement Associated Rd City of Fullerton Orange OCTA SCAG $409,362 No $565,000 Project 9 12 Pavement Rehabilitation – Fairview Road
Improvement
City of Costa
Mesa
Orange OCTA SCAG $331,116 No $1,600,000
Project 10 12 Transit Security and Operations Center
(TSOC) at intersection of Lincoln Avenue and
Manchester Avenue in the City of Anaheim
Orange County
Transportation
Authority
Orange OCTA SCAG $3,660,000 No $56,436,000
Project 11 12 Aliso Creek Road Rehabilitation from
Enterprise to SR 73 Project
City of Aliso
Viejo
Orange OCTA SCAG $200,000 No $600,000
Project 12 12 Knott Avenue Rehabilitation from Ball Road to Orange Avenue Project
City of
Anaheim
Orange OCTA SCAG $1,037,763 No $1,100,000
Project 13 12 Malvern Ave Rehabilitation Project City of Buena Park
Orange OCTA SCAG $239,650 No $1,200,000
Project 14 12 Street Rehabilitation Project - Overlay City of Cypress Orange OCTA SCAG $200,000 No $440,000 Project 15 12 Violet Lantern Street Improvement Project City of Dana Point
Orange OCTA SCAG $200,000 No $780,000
*Gray Italics indicates project approved at previous meeting. *Project approved at previous meeting and removed by Local Agency is strikethrough – San Joaquin County (Page 18)

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68 CRRSAA Project Listing
(as of August 2022) Reference No.: 2.5k
August 17-18, 2022
Attachment A
MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Project 16 12 Irvine Center Drive Pavement Rehabilitation City of Irvine Orange OCTA SCAG $797,297 No $3,750,000 Project 17 12 Macy Street Rehabilitation Project City of La Habra
Orange OCTA SCAG $200,000 No $300,000
Project 18 12 La Palma Avenue Pavement Preservation and Improvements Project
City of La
Palma
Orange OCTA SCAG $200,000 No $400,000
Project 19 12 Zone 3 Collector Road Improvements City of Laguna Beach
Orange OCTA SCAG $200,000 No $780,000
Project 20 12 Arterial Pavement Rehabilitation Project City of Laguna Hills
Orange OCTA SCAG $200,000 No $575,000
Project 21 12 Marina Hills Drive (Niguel Road to Golden Lantern) Resurfacing Project
City of Laguna
Niquel
Orange OCTA SCAG $200,000 No $2,000,000
Project 22 12 Pavement repair (Moulton Pkwy between
Calle Cortez and City Limits)
City of Laguna
Woods
Orange OCTA SCAG $200,000 No $309,800
Project 23 12 Street Improvement Project Along Bloomfield Street (from Katella Avenue to Florista Street)
City of Los
Alamitos
Orange OCTA SCAG $200,000 No $270,000
Project 24 12 Fiscal Year 2022-23 Roadway Rehabilitation Project
City of
Placentia
Orange OCTA SCAG $200,000 No $3,500,000
Project 25 12 Fiscal Year 2022-23 Antonio Parkway
Pavement Rehabilitation
City of Rancho
Santa
Margarita
Orange OCTA SCAG $200,000 No $1,025,000
Project 26 12 Street Pavement Maintenance for Avenida
Vaquero from Via Cascadita to Camino De
Los Mares
City of San
Clemente
Orange OCTA SCAG $200,000 No $603,000
Project 27 12 Camino Capistrano Pavement Rehabilitation Project
City of San
Juan
Capistrano
Orange OCTA SCAG $200,000 No $600,000
Project 28 12 Grand Avenue Roadway Rehabilitation from
1st Street to McFadden Avenue
City of Santa
Ana
Orange OCTA SCAG $972,882 No $1,072,882
Project 29 12 Seal Beach Boulevard at North Gate Road
Improvement Project
City of Seal
Beach
Orange OCTA SCAG $200,000 No $275,000
*Gray Italics indicates project approved at previous meeting. *Project approved at previous meeting and removed by Local Agency is strikethrough – San Joaquin County (Page 18)

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69 CRRSAA Project Listing
(as of August 2022) Reference No.: 2.5k
August 17-18, 2022
Attachment A
MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Project 30 12 Cerro Villa Drive Project City of Villa
Park
Orange OCTA SCAG $200,000 No $505,000
Project 31 12 Magnolia Street Improvements from Edinger Avenue to Heil Avenue
City of
Westminster
Orange OCTA SCAG $268,539 No $1,145,430
Project 32 12 La Palma Avenue Improvement Project from
West City Limit to 1,350' West of Old Village
Road
City of Yorba
Linda
Orange OCTA SCAG $200,000 No $240,350
Project 33 12 MP 206.8 Track Stabilization Orange County Transportation
Authority
Orange OCTA SCAG $1,010,481 No $7,500,000
TOTAL APPORTIONED $14,591,402 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $14,591,402 MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Ventura County
Project 1 7 Road Rehabilitation City of
Camarillo
Ventura VCTC SCAG $50,000 No $881,000
Project 2 7 Street Maintenance City of Filmore Ventura VCTC SCAG $300,000 No $300,000 Project 3 7 Street Maintenance Operations City of Ojai Ventura VCTC SCAG $300,000 No $300,000 Project 4 7 Traffic Operations / Maintenance City of Oxnard Ventura VCTC SCAG $866,460 No $866,460 Project 5 7 Public Works / Signal Maintenance City of Oxnard Ventura VCTC SCAG $866,000 No $866,000 Project 6 7 Ventura Boulevard Pedestrian Improvement City of Oxnard Ventura VCTC SCAG $619,000 No $2,481,000 Project 7 7 Channel Islands Boulevard Resurfacing City of Port Hueneme
Ventura VCTC SCAG $300,000 No $300,000
*Gray Italics indicates project approved at previous meeting. *Project approved at previous meeting and removed by Local Agency is strikethrough – San Joaquin County (Page 18)

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70 CRRSAA Project Listing
(as of August 2022) Reference No.: 2.5k
August 17-18, 2022
Attachment A
MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Project 8 7 Citywide paving City of Santa
Paula
Ventura VCTC SCAG $390,000 No $390,000
Project 9 7 Pavement Delineation City of Simi
Valley
Ventura VCTC SCAG $281,000 No $281,000
TOTAL APPORTIONED $3,972,460 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $3,972,460 MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Imperial County
Project 1 11 Contribute toward the construction,
rehabilitation, and maintenance of roads and
ancillary infrastructure throughout the city
City of Brawley Imperial ICTC ICTC $93,633 Yes $93,633
Project 2 11 Fund personnel cost of Public Works staff to maintain public roads
City of Calexico Imperial ICTC ICTC $138,988 Yes $138,988 Project 3 11 Maintain public roads City of
Calipatria
Imperial ICTC ICTC $50,000 Yes $50,000
Project 4 11 Citywide streets maintenance and
Rehabilitation program
City of El
Centro
Imperial ICTC ICTC $154,138 Yes $154,138
Project 5 11 Construction Plans for New Fire Station and City Hall
City of Holtville Imperial ICTC ICTC $15,000 Yes $15,000 Project 6 11 Railroad Threshold Repair and Improvements Project
City of Holtville Imperial ICTC ICTC $35,000 Yes $35,000 Project 7 11 Purchasing two 2022 Ford F-150 crew cab
pickup trucks
City of Imperial Imperial ICTC ICTC $69,255 Yes $69,255 Project 8 11 Personnel cost of staff for wages,
supplemental pay for loss of wages due to
Covid and Essential Workers/Hero pay
City of
Westmorland
Imperial ICTC ICTC $50,000 Yes $50,000
*Gray Italics indicates project approved at previous meeting. *Project approved at previous meeting and removed by Local Agency is strikethrough – San Joaquin County (Page 18)

Page 8 of 21 ends

71 I I
CRRSAA Project Listing
(as of August 2022) Reference No.: 2.5k
August 17-18, 2022
Attachment A
MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Project 9 11 Countywide Paving Program County of
Imperial
Imperial ICTC ICTC $236,168 Yes $236,168
TOTAL APPORTIONED $842,182 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $842,182 MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Sacramento County
Project 1 3 SCT/LINK Charging and Maintenance Project City of Galt Sacramento SACOG $3,350,000 No $3,734,245 Project 2 3 Complete Streets Rehabilitation – Multiple
locations
Sacramento
County
Sacramento SACOG SACOG $3,523,287 No $12,656,160
TOTAL APPORTIONED $6,873,287 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $6,873,287 MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Placer County
Project 1 3 PSGC Phase 1 - I-80 Transit Reliability PCTPA Placer PCTPA SACOG $583,000 No $11,480,000 Project 2 3 Capital Region Freight - I-80 PCTPA Placer PCTPA SACOG $233,793 No $26,898,000 Project 3 3 Capital Region Freight - I-80 PCTPA Placer PCTPA SACOG $815,795 No $26,898,000 TOTAL APPORTIONED $1,632,588 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $1,632,588 *Gray Italics indicates project approved at previous meeting. *Project approved at previous meeting and removed by Local Agency is strikethrough – San Joaquin County (Page 18)

Page 9 of 21 ends

72 CRRSAA Project Listing
(as of August 2022) Reference No.: 2.5k
August 17-18, 2022
Attachment A
MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
El Dorado County
Project 1 3 Clear Creek Road Scour Mitigation Project El Dorado County
El Dorado EDCTC SACOG $458,615 Yes $458,615
Project 2 3 US 50 Access Control Proof of Concept Traffic Management
City of
Placerville
El Dorado EDCTC SACOG $200,000 Yes $200,000
Project 3 3 US 50 Corridor Access Control Proof of
Concept Pilot Outreach and Awareness Work
Plan
El Dorado
County
Transportation
Commission
El Dorado EDCTC SACOG $71,080 Yes $71,080
TOTAL APPORTIONED $729,695 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $729,695 MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Sutter County
Project 1 3 Complete Streets Rehabilitation – Multiple
locations
Sutter County Sutter SACOG SACOG $457,152 No $1,725,840 TOTAL APPORTIONED $457,152 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $457,152 MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Yolo County
Project 1 3 Complete Streets Rehabilitation – Multiple
locations
Yolo County Yolo SACOG SACOG $972,557 No $3,451,680
TOTAL APPORTIONED $972,557 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $972,557 *Gray Italics indicates project approved at previous meeting. *Project approved at previous meeting and removed by Local Agency is strikethrough – San Joaquin County (Page 18)

Page 10 of 21 ends

73 CRRSAA Project Listing
(as of August 2022) Reference No.: 2.5k
August 17-18, 2022
Attachment A
MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Yuba County
Project 1 3 Complete Streets Rehabilitation – Multiple
locations
Yuba County Yuba SACOG SACOG $348,183 No $1,342,320
TOTAL APPORTIONED $348,183 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $348,183 MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Tahoe Regional
Planning Agency
(TRPA)
Project 1 3 Class I Bike Path: East San Bernardino – West San Bernardino
El Dorado
County
El Dorado TRPA TMPO $702,869 No $2,893,741
TOTAL APPORTIONED $702,869 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $702,869 MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
AMBAG Region
Santa Cruz County
Project 1 5 Emergency Routes Resurfacing: Alba Road,
Jamison Creek Road, and Empire Grade
County of
Santa Cruz
Santa Cruz SCCRTC AMBAG $1,266,120 Yes $2,095,000
TOTAL APPORTIONED $1,266,120 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $1,266,120 *Gray Italics indicates project approved at previous meeting. *Project approved at previous meeting and removed by Local Agency is strikethrough – San Joaquin County (Page 18)

Page 11 of 21 ends

74 I I
CRRSAA Project Listing
(as of August 2022) Reference No.: 2.5k
August 17-18, 2022
Attachment A
MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Monterey County
Project 1 5 Castroville Improvement Project Caltrans
District 5
Monterey County TAMC N/A $2,002,850 Yes $24,600,000
TOTAL APPORTIONED $2,002,850 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $2,202,850 MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Alpine County
Project 1 10 County Roadway Rehab Alpine County Alpine County ACLTC N/A $200,000 Yes $200,000 TOTAL APPORTIONED $200,000 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $200,000 MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Amador County
Project 1 10 Shenandoah Road Rehabilitation Project Amador County Amador County ACTC N/A $200,000 No $2,064,000 TOTAL APPORTIONED $200,000 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $200,000 MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Butte County
Project 1 3 2023 Chico Active Transportation Plan City of Chico Butte County BCAG BCAG $150,000 Yes $150,000 Project 2 3 CRRSAA PPM BCAG Butte County BCAG BCAG $900,000 Yes $900,000 Project 3 3 2nd Street Bicycle / Pedestrian Improvements City of Biggs Butte County BCAG BCAG $11,606 Yes $760,000 TOTAL APPORTIONED $1,061,606 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $1,061,606 *Gray Italics indicates project approved at previous meeting. *Project approved at previous meeting and removed by Local Agency is strikethrough – San Joaquin County (Page 18)

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75 CRRSAA Project Listing
(as of August 2022) Reference No.: 2.5k
August 17-18, 2022
Attachment A
MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Calaveras County
Project 1 10 Countywide roadway maintenance program County of Calaveras
Calaveras County Calaveras
COG
N/A $119,936 Yes $119,936
Project 2 10 Public works personnel cost City of Angels Calaveras County Calaveras COG
N/A $100,000 Yes $100,000
TOTAL APPORTIONED $219,936 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $219,936 MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Fresno County
Project 1 6 Manning Ave Pavement
Rehabilitation
City of Parlier Fresno FCOG FCOG $1,300,000 No $2,421,056 Project 2 6 Armstrong Avenue Rehabilitation,
Tollhouse to Sierra
City of Clovis Fresno FCOG FCOG $584,752 No $873,440
Project 3 6 Barstow and Bond Traffic Signal City of Fresno Fresno FCOG FCOG $787,587 No $1,125,125 Project 4 6 Herndon Avenue Roadway
Improvements
City of Fresno Fresno FCOG FCOG $897,520 No $1,282,172
Project 5 6 Chestnut Ave Overlay: Kings
Canyon to Butler
City of Fresno Fresno FCOG FCOG $965,634 No $2,651,418
TOTAL APPORTIONED $ 4,535,493 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $4,535,493 *Gray Italics indicates project approved at previous meeting. *Project approved at previous meeting and removed by Local Agency is strikethrough – San Joaquin County (Page 18)

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76 CRRSAA Project Listing
(as of August 2022) Reference No.: 2.5k
August 17-18, 2022
Attachment A
MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Madera County
Project 1 6 City Streets 2022-23 3R & ADA Project (R-81) City of Madera Madera County MCTC MCTC $303,980 Yes $1,353,000 Project 2 6 Humboldt Avenue Street Improvements City of Chowchilla
Madera County MCTC MCTC $58,217 Yes $4,250,783
Project 3 6 Avenue 7 Rehabilitation County of
Madera
Madera County MCTC MCTC $365,799 Yes $3,140,000
TOTAL APPORTIONED $727,996 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $727,996 MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Humboldt County
Project 1 1 Street Maintenance and repair City of Trinidad Humboldt County HCAOG N/A $897 Yes $897 Project 2 1 2022 Street Resurfacing City of Rio Dell Humboldt County HCAOG N/A $8,753 Yes $700,000 Project 3 1 Routine Maintenance Humboldt
County
Humboldt County HCAOG N/A $269,073 Yes $269,073
Project 4 1 Traffic Signal Operations Upgrades City of Eureka Humboldt County HCAOG N/A $170,871 Yes $170,871 Project 5 1 Kenwood Paving Project City of Fortuna Humboldt County HCAOG N/A $53,535 Yes $92,900 Project 6 1 Blue Lake Road Maintenance City of Blue
Lake
Humboldt County HCAOG N/A $3,408 Yes $3,408
Project 7 1 Washington and Berding St. Intersection
Improvements
City of
Ferndale
Humboldt County HCAOG N/A $3,408 Yes $25,000
Project 8 1 2022 Annual Pavement Project City of Arcata Humboldt County HCAOG N/A $87,269 Yes $400,000 Project 9 1 Countywide Pavement Management Program
Update
Humboldt
County
Humboldt County HCAOG N/A $33,000 Yes $220,000
Project 10 1 Pavement Management Plan HCAOG Humboldt County HCAOG N/A $19,407 Yes $23,000 TOTAL APPORTIONED $649,621 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $649,621 *Gray Italics indicates project approved at previous meeting. *Project approved at previous meeting and removed by Local Agency is strikethrough – San Joaquin County (Page 18)

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77 I I
CRRSAA Project Listing
(as of August 2022) Reference No.: 2.5k
August 17-18, 2022
Attachment A
MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Inyo County
Project 1 9 Slurry Seal Inyo County Inyo County ICLTC N/A $200,000 Yes $1,240,000 TOTAL APPORTIONED $200,000 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $200,000 MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Kern County
(Bakersfield)
Project 1 6 Extend Hageman Rd easterly across SR99
and connect to SR 204 in Bakersfield
City of
Bakersfield /
Caltrans D6
Kern County KCOG $2,565,000 No $58,472,000
Project 2 6 SR58 Truck Climbing Lane Kern County/
Caltrans D9
Kern County KCOG $928,000 No $3,200,000
TOTAL APPORTIONED $4,088,143 REMAINING APPORTIONMENT $595,143 CRRSAA FUNDING TOTAL $3,493,000 MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Lake County
Project 1 1 Chip-Cart Purchase Lake County Lake County Lake County
N/A $312,040 Yes $312,040
TOTAL APPORTIONED $312,040 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $312,040 *Gray Italics indicates project approved at previous meeting. *Project approved at previous meeting and removed by Local Agency is strikethrough – San Joaquin County (Page 18)

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78 CRRSAA Project Listing
(as of August 2022) Reference No.: 2.5k
August 17-18, 2022
Attachment A
MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Kings County
Project 1 6 Dana Circle Connection to SR 41 County of
Kings
Kings County KCAG KCAG $161,373 No $1,200,000
Project 2 6 7th Avenue Reconstruction City of Avenal Kings County KCAG KCAG $106,598 Yes $375,000 Project 3 6 Corcoran Crack Seal Program City of
Corcoran
Kings County KCAG KCAG $102,242 Yes $102,242
Project 4 6 Emma Lee Lane Reconstruction City of Hanford Kings County KCAG KCAG $243,020 Yes $1,176,871 Project 5 6 Bush Street Overlay City of
Lemoore
Kings County KCAG KCAG $124,979 Yes $1,041,902
TOTAL APPORTIONED $738,212 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $738,212 MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Mariposa County
Project 1 10 Darrah Road Bridge Replacement Local Match Mariposa County
Mariposa Mariposa
LTC
N/A $200,000 Yes $200,000
TOTAL APPORTIONED $200,000 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $200,000 *Gray Italics indicates project approved at previous meeting. *Project approved at previous meeting and removed by Local Agency is strikethrough – San Joaquin County (Page 18)

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79 CRRSAA Project Listing
(as of August 2022) Reference No.: 2.5k
August 17-18, 2022
Attachment A
MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Mendocino County
Project 1 1 Mill Street Reconstruction & Sidewalks Point Arena Mendocino $105,365 Yes $1,560,365 Project 2 1 Ackerman Creek Bridge Replacement Mendocino County
Mendocino MCOG $318,510 Yes $13,517,000
TOTAL APPORTIONED $423,875 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $423,875 MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Modoc County
Project 1 2 Pave County Road 76 Modoc County Modoc MCTC N/A $100,000 Yes $100,000 Project 2 2 Resurface Project City of Alturas Modoc MCTC N/A $100,000 Yes $100,000 TOTAL APPORTIONED $200,000 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $200,000 MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Mono County
Project 1 9 Long Valley Streets Project Mono County Mono MCLTC N/A $200,000 Yes $2,800,000 TOTAL APPORTIONED $200,000 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $200,000 *Gray Italics indicates project approved at previous meeting. *Project approved at previous meeting and removed by Local Agency is strikethrough – San Joaquin County (Page 18)

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80 CRRSAA Project Listing
(as of August 2022) Reference No.: 2.5k
August 17-18, 2022
Attachment A
MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Plumas County
Project 1 2 Operations and Maintenance County of
Plumas
Plumas PCTC N/A $178,800 Yes $7,300,000
Project 2 2 Operations and Maintenance City of Portola Plumas PCTC N/A $21,200 Yes $916,000 TOTAL APPORTIONED $200,000 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $200,000 MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
San Diego County
Project 1 11 Bayshore Bikeway - Barrio Logan SANDAG San Diego SANDAG SANDAG $9,200,000 No $26,947,000 Project 2 11 Border to Bayshore Bikeway SANDAG San Diego SANDAG SANDAG $1,695,000 No $19,858,000 Project 3 11 Downtown to Imperial Bikeway SANDAG San Diego SANDAG SANDAG $4,100,158 No $14,717,000 TOTAL APPORTIONED $14,995,158 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $14,995,158 MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
San Joaquin County
(Stockton)
Project 1 10 California Street Road Diet Project City of Stockton San Joaquin SJCOG $2,000,000 No $11,762,009 Project 1 10 Miner Avenue Complete Streets
Improvements
City of Stockton San Joaquin SJCOG N/A $752,705 Yes $15,000,000 TOTAL APPORTIONED $3,300,215 REMAINING APPORTIONMENT $2,547,510 CRRSAA FUNDING TOTAL $752,705 *Gray Italics indicates project approved at previous meeting. *Project approved at previous meeting and removed by Local Agency is strikethrough – San Joaquin County (Page 18)

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81 CRRSAA Project Listing
(as of August 2022) Reference No.: 2.5k
August 17-18, 2022
Attachment A
MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
San Luis Obispo
County
Project 1 5 SR 227 Operational Improvements: Biddle
Ranch Rd. & Crestmont Rd.

SLOCOG San Luis Obispo SLOCOG N/A $1,301,129 Yes $1,301,129 TOTAL APPORTIONED $1,301,129 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $1,301,129 MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Santa Barbara County
Project 1 5 Santa Barbara U.S. 101 Multi-modal corridor Project – Segment 4D North
SBCAG Santa Barbara SBCAG SBCAG $2,045,498 No $14,174,000 TOTAL APPORTIONED $2,045,498 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $2,045,498 MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Shasta County
Project 1 2 Fix Cascade Gateway (F5CG) Caltrans Shasta SRTA SRTA $500,000 Yes $90,000,000 Project 2 2 SRTA On-Call Engineering Consultant SRTA Shasta SRTA SRTA $355,186 Yes $355,186 TOTAL APPORTIONED $855,186 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $855,186 *Gray Italics indicates project approved at previous meeting. *Project approved at previous meeting and removed by Local Agency is strikethrough – San Joaquin County (Page 18)

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82 I I
CRRSAA Project Listing
(as of August 2022) Reference No.: 2.5k
August 17-18, 2022
Attachment A
MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Sierra County
Project 1 3 Exchange Sierra County Sierra SCTC N/A $200,000 Yes $396,812 TOTAL APPORTIONED $200,000 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $200,000 MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Siskiyou County
Project 1 2 Rehab Roadway Entire Length - Horn Street City of Fort Jones
Siskiyou SCLTC N/A $86,000 Yes $86,000
Project 2 2 Rehab Roadway - 6th Street City of
Montague
Siskiyou SCLTC N/A $87,000 Yes $87,000
Project 3 2 Rehab Roadway – C Street City of Tulelake Siskiyou SCLTC N/A $43,664 Yes $85,000 TOTAL APPORTIONED $216,664 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $216,664 MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Tehama County
Project 1 2 Tehama County CRRSAA Road Repair Tehama
County
Tehama TCTC N/A $183,745 Yes $7,700,000
Project 2 2 City of Corning CRRSAA Road Repair City of Corning Tehama TCTC N/A $34,686 Yes $450,000 Project 3 2 City of Red Bluff CRRSAA Road Repair City of Red Bluff
Tehama TCTC N/A $62,809 Yes $3,500,000
Project 4 2 City of Tehama CRRSAA Road Repair City of Tehama Tehama TCTC N/A $25,000 Yes $175,000 TOTAL APPORTIONED $306,240 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $306,240 *Gray Italics indicates project approved at previous meeting. *Project approved at previous meeting and removed by Local Agency is strikethrough – San Joaquin County (Page 18)

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83 CRRSAA Project Listing
(as of August 2022) Reference No.: 2.5k
August 17-18, 2022
Attachment A
MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Trinity County
Project 1 2 CFLHD – Ruth Zenia and Van Duzen Road
CA FLAP TRI CR502(1) & 511(1)
Trinity County Trinity TCTC N/A $200,000 No $10,330,000 TOTAL APPORTIONED $200,000 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $200,000 MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Tulare County
Project 1 6 SR-99 Delano to Pixley 6 lanes Tulare County Tulare TCAG TCAG $1,028,000 No $103,335,000 Project 2 6 SR-99 Caldwell Ave Interchange Tulare County Tulare TCAG TCAG $1,121,022 No $54,600,000 TOTAL APPORTIONED $2,149,022 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $2,149,022 MPO/RTPA/COUNTY District Project Name Administering
Local Agency
County RTPA MPO CRRSAA
funding
State Exchange/
SOF Requested
(Yes/No)
Total Project
Cost
Tuolumne County
Project 1 10 Intersection Improvements on Parrots Ferry Road and SR49 Project
Tuolumne
County
Tuolumne TCTC $267,163 No $2,231,784
TOTAL APPORTIONED $267,163 REMAINING APPORTIONMENT $0.00 CRRSAA FUNDING TOTAL $267,163 *Gray Italics indicates project approved at previous meeting. *Project approved at previous meeting and removed by Local Agency is strikethrough – San Joaquin County (Page 18)

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84 To: Honorable Mayor and Members of the City Council
From: Jonathan Royas, Management Analyst
Subject: PUBLIC HEARING AND INTRODUCTION OF ORDINANCE NO. 1327, ADDING SECTION 30.07 TO CHAPTER 30 OF TITLE III OF THE SANTA

PAULA MUNICIPAL CODE ESTABLISHING BY-DISTRICT ELECTIONS,

DEFINING DISTRICT BOUNDARIES, AND SCHEDULING ELECTIONS
WITHIN THE DISTRICTS; AND CONSIDERATION OF CITYWIDE

GOVERNANCE POLICY
Date: March 1, 2023
Agenda Item: 11.A

CITY OF SANTA PAULA

MEMORANDUM
RECOMMENDATION:

Staff recommends the City Council:

1. Introduce and waive first reading of Ordinance No. 1327, entitled "AN ORDINANCE OF

THE CITY COUNCIL OF THE CITY OF SANTA PAULA, CALIFORNIA, ADDING SECTION 30.07 TO CHAPTER 30 OF TITLE III OF THE SANTA PAULA MUNICIPAL

CODE ESTABLISHING BY-DISTRICT ELECTIONS, DEFINING DISTRICT BOUNDARIES, AND SCHEDULING ELECTIONS WITHIN THE DISTRICTS";

2. Conduct a public hearing to consider adopting the proposed Ordinance at the City Council’s regular meeting;

3. Direct the City Clerk to publish a summary of the proposed Ordinance five (5) days before the meeting it is to be adopted and 15 days thereafter; and

4. Review and provide feedback to staff on a possible Citywide Governance Policy Resolution.

Presented by: Jonathan Royas, Management Analyst
BACKGROUND:

On February 22, 2022, the City received a letter from attorney Jason Dominguez on behalf of "a large segment of the population and on behalf of Laura Espinosa" demanding an end to the at-large Council election system.

In response to that letter, on April 6, 2022, the City Council discussed its options and unanimously adopted Resolution No. 7393, indicating its intent to change the election system from at-large to by-district elections. Given the litigation risk and associated financial impact on the City, the City Council directed staff to move the districting process forward. An in-depth review of Council's selected course of action was presented and shared with the public on February 15, 2023 during a presentation entitled, "Why Districting? A Presentation on the 85 Districting Process in Santa Paula, CA."
On May 4, 2022, Council provided staff direction to work with the City's existing public relations firm and to utilize our contract with BB&K law firm to select a qualified demographer.

Through that process, National Demographics Corporation (NDC) was selected.

As required by Elections Code Section 10010, the City was required to hold at least two (2) public hearings and a community workshop prior to the release of draft maps of Council election districts, followed by a community workshop and two additional Council hearings to solicit public input regarding the content of the draft maps and the proposed sequence of elections.

On August 3, 2022, Council held its first public hearing whereby Dr. Daniel Phillips, from NDC, shared with Council and the public a presentation on the districting process to solicit input on the neighborhoods and communities of interest in the City.

On August 17, 2022, Council held its second public hearing whereby Council received an updated presentation from staff and NDC regarding the process for developing options for City Council voting districts; provided staff and NDC direction regarding any optional criteria Council wanted to consider in the development of voting district options; and conducted a public hearing to receive public input on district boundaries.

Community Outreach
The City and consultant team of NDC and Tripepi Smith kicked off the districting process the week of June 3, 2022 with the website www.drawsantapaula.org going live and outreach coordination initiated. Additionally, the email [email protected] was also set up to begin receiving communications from the public in one central location. As a result, the City leveraged a full array of outreach platforms to connect with the public.

To date, the City has reached the community through the following:

Email and/or phone contact with nearly 120 community leaders, organizations, residents and media contacts to proactively outreach to key stakeholders with districting related information.

Rollout of the districting website, DrawSantaPaula.org, where extensive resources are available for the public to learn about the districting process, access all meeting materials and meeting information, draw maps based upon their understanding of communities of interest and submit them for consideration by City Council.

Distribution of an online neighborhood survey to develop a list of neighborhoods and “communities of interest" – DrawSantaPaula.org/Neighborhood-Survey. 33 social media posts in English and Spanish published across Facebook, Instagram, Twitter and Nextdoor from July 1, 2022 – February 7, 2023.

Six flyers in English and Spanish to promote community meetings.

Four press releases in English and Spanish distributed to the City’s media contacts.

Six Channel 10 advertisements to promote upcoming community meetings.

Four community meetings to discuss the districting process and gather public input on neighborhoods and "communities of interest."
Publication of a mapping tool in English and Spanish in the Santa Paula Times to solicit draft maps.
86 It is important to note all materials, social media posts, community workshops, and activities related to the Districting process were conducted in both English and Spanish to maximize our public engagement.

In addition, the City hosted four community workshops to educate and engage the community on the Districting process and demonstrate how to use the map drawing tools provided by the consultant team. Below are the details of the four workshops.

September 14, 2022 @ 6:00PM
Santa Paula Cultural Arts Building @ The Santa Paula Community Center 530 W Main Street, Santa Paula, CA 93060
October 6, 2022 @ 6:00PM
Recorded Virtual Community Workshop via Zoom is available at www.drawsantapaula.org December 1, 2022 @ 6:00PM
Church of Guadalupe
427 N Oak Street, Santa Paula, CA 93060
January 21, 2023 @ 10:00AM
Santa Paula Youth Center
431 N 13th St., Santa Paula, CA 93060
Public Hearings
In accordance with the FAIR MAPS Act, City Council has held four public hearings to inform the public about the districting process and to hear from the community on what factors should be taken into consideration when creating City Council district boundaries.

During the January 18, 2023 public hearing, City Council reviewed and discussed draft maps of proposed districts which were submitted by members of the community. After receiving public testimony, the Council narrowed the list of draft maps under consideration from fourteen (14) to six (6) focus maps, those being Maps 101, 102, 104, 105, 108, and 113. In addition, Council provided feedback and direction to staff and NDC to make modifications to Map 113 and create a new map, Map 115, based on input that evening.

On February 15, 2023, City Council held a fourth public hearing whereby Council reviewed and discussed draft focus maps of proposed districts. The City and NDC accepted additional draft maps from the public for this fourth public hearing up until February 1, 2023. Prior to the February 1, 2023 deadline, a total of four (4) draft maps (Maps 116, 117, 118 and 119) were submitted by the public. After careful review and analysis by NDC, three (3) of the submitted draft maps (Maps 117, 118 and 119) met the requirements of the California Voting Rights Act (CVRA) and one (1) map, Map 116, did not as it was not a contiguous map. As a result, ten (10) maps met the requirements of the CVRA and were provided to Council for consideration.

Each of the proposed maps were also posted on the City’s Districting webpage (www.drawsantapaula.org) for public access and review.

At the February 15, 2023, public hearing, City Council heard testimony from the public, weighed in on a final map selection, provided their preferred election sequence years for each district, and directed staff to prepare the attached ordinance establishing five districts for 87 election of five City Councilmembers to be implemented in November, 2024, utilizing Map 119 (Exhibit A).

ANALYSIS:

The community was encouraged to submit proposed maps for the January 18, 2023 public hearing for Council’s initial consideration and discussion, which included maps and feedback on "communities of interest." After that third public hearing, the community was encouraged once again to submit draft maps for Council's consideration by February 1, 2023 at 6:30pm.

Lastly, on February 15, 2023 (the fourth public hearing), members of the community provided public comment to Council on their preferred maps.

State and Federally Mandated Map Criteria
The City must ensure compliance with the following state and federally-mandated criteria:

Federal
Each district shall contain a nearly equal population.

Each district shall be drawn in a manner that complies with the Federal Voting Rights Act.

Each district shall not be drawn with race as the predominant factor in violation of the principles established by the U.S. Supreme Court in Shaw v. Reno, 509 U.S. 630 (1993), and its progeny.

State
Each district shall be contiguous.

Each district should avoid dividing neighborhoods and communities of interest.

Each district should be bordered by easily identifiable boundaries such as major roads or rivers. Each district should be compact.

Districts shall not be drawn to favor or disfavor a political party.

Final City Council District Map
At the fourth public hearing on February 15, 2023, by a 3-2 vote, the City Council agreed to approve Map 119 (Exhibit A), providing for five (5) districts. Council also agreed that the elections for Districts 1 and 5 will occur at the general municipal election in November of 2024 and the election for Districts 2, 3, and 4 will occur at the general municipal election of 2026.

The City Council has legally received sufficient public input through the above referenced process. The next step to effectuate the change from at-large to by-district elections is to introduce the attached ordinance (Exhibit A).

The proposed Council district map was prepared in accordance with all applicable law, including provisions of the California Voting Rights Act, the Federal Voting Rights Act and Santa Paula City Council Resolution No. 7393, indicating its intent to change the election system from at-large to by-district elections.

Consideration of a City-wide Governance Policy
88 Throughout the districting process, staff researched several other cities who have gone through the transition from at-large elections to by-district elections to gather pertinent information which might be relevant to Santa Paula. During that research, staff came across several cities who upon adoption of a change to by-district elections, introduced a resolution related to city-wide governance matters associated with the transition. Below, staff has provided key statements from those cities' city-wide governance policies. "Regardless of Districts, the City Council will govern for the entire Santa Paula community."
"Council recognizes that our administrative structure and service delivery systems, data, and programs are structure based on a citywide governance structure." "Council will govern for the whole City, not by Council District...we value our citywide framework."
"Maintain a citywide perspective, while being mindful of our districts." As an example, staff has taken the liberty to prepare and provide a draft policy based upon research. Exhibit B is provided as a draft resolution establishing a city-wide governance policy for elected officials. Should Council wish to pursue such a resolution, staff could receive feedback this evening and return during the second reading and final adoption of Ordinance No. 1327 with a finalized resolution. Doing so would honor the change to district-based elections while also recognizing a commitment to governing the entire city in a fair and equitable manner.

STRATEGIC PLAN:

This item is not a goal or objective within City Council's two-year Strategic Plan.

FISCAL IMPACTS:

The City is spending approximately $100,000 on the two consulting firms assisting the City with this highly specialized districting process. On May 4, 2022, Council set aside $50,000 for anticipated expenses. Staff will be coming to Council with a mid-year budget adjustment request for an additional $50,000 to complete the districting process.

OPTIONS:

In addition to Staff's recommendation, City Council has the following options available for consideration:

1. The City Council may choose to not adopt the ordinance and maintain its current at-large election system. This is not recommended unless Council is prepared to defend any potential action filed pursuant to the CVRA. As shared with Council during this process, to date, no jurisdiction has prevailed on the merits of a CVRA action and fees and costs associated with litigation generally exceed $2 million; or

2. Take other action related to this item.

ATTACHMENTS:

Exhibit A - Ordinance No. 1327.pdf
89 Exhibit B - Citywide Governance Policy Draft.pdf
90 EXHIBIT A -
ORDINANCE NO. 1327
91 ORDINANCE NO. 1327

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
SANTA PAULA, CALIFORNIA, ADDING SECTION 30.07
TO CHAPTER 30 OF TITLE III OF THE SANTA PAULA

MUNICIPAL CODE ESTABLISHING BY-DISTRICT

ELECTIONS, DEFINING DISTRICT BOUNDARIES, AND

SCHEDULING ELECTIONS WITHIN THE DISTRICTS
WHEREAS, the City of Santa Paula currently elects five Councilmembers using an at-large election system; and
WHEREAS, the City received a letter on February 22, 2022, from attorney Jason Dominguez on behalf of “a large segment of the population and on behalf of Laura Espinosa”, alleging non-compliance with the California Voting Rights Act (“CVRA”) and threatening litigation if the City declines to voluntarily change to a district-based election system for electing councilmembers; and
WHEREAS, in response to the demand letter the City Council has determined that it is in the best interest of the City to shift from its current at-large election system to a bydistrict election system; and WHEREAS, on April 6, 2022, the City Council at a regular meeting adopted Resolution No. 7393, a resolution declaring the City’s intention to transition from at-large to district-based elections pursuant to Elections Code Section 10010; and WHEREAS, California Government Code section 34886 permits the City Council to change the City’s method of election by ordinance, with certain formalities, to a “bydistrict” system in which each Councilmember is elected only by the voters in the district in which the candidate resides; and
WHEREAS, pursuant to California Government Code section 34886, it is declared that the purpose of the change in the method of electing members of the City Council made by this Ordinance is to implement the guarantees of Section 7 of Article I (Equal Protection) and of Section 2 of Article II (Right to Vote) of the California Constitution, as set forth in Sections 14025 through 14032 of the California Elections Code; and WHEREAS, the City engaged an expert demographic consultant to assist the City with the process of analyzing the City’s population, developing draft maps, and gathering input from residents on the possible maps; and
WHEREAS, in accordance with Elections Code section 10010, and in the interest of engaging the public in the shift to by-district elections, the City Council held two public hearings on August 3 and August 17, 2022 and three community workshops on September 14, October 6, and December 1, 2022 to obtain input on any proposed district boundaries; and
WHEREAS, on January 11, 2023, the City’s demographer made available for 92 public review on the City’s districting website ten (10) draft maps submitted by the public and four (4) draft maps prepared by the demographer based on public input from past meetings; and
WHEREAS, on January 18, 2023, the City Council held a public hearing at which the public was invited to provide input regarding the content of the draft maps and the sequence of elections; and
WHEREAS, throughout the foregoing process, the City engaged in a significant amount of public outreach and engagement beyond the public hearings and other procedures required by California Elections Code Section 10010, including but not limited to hosting four community workshop meetings, creating a dedicated district elections web page and a social media outreach approach. Additional outreach included email or phone contact with nearly 120 community leaders, organizations, residents and media contacts, several press releases, which were featured in the Santa Paula Times, advertisements on Spectrum Channel 10, emails to website districting subscribers, and process flyers posted to the website; and
WHEREAS, at its March 1, 2023 regular meeting, and the fifth public hearing, the City Council introduced, read by title, and waived further reading of this Ordinance; and WHEREAS, the City Council considered all oral and written information, testimony, and comments received during the public review process. All draft maps were published more than seven days before the public hearing at which they were discussed; and WHEREAS, the purpose of this Ordinance is to enact, pursuant to California Government Code section 34886, an ordinance providing for the election of Santa Paula City Councilmembers by district in five single-member districts as reflected in Exhibit A to this Ordinance.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SANTA PAULA DOES ORDAIN AS FOLLOWS:

SECTION 1. Incorporation of Recitals. The above recitals are true and correct and are incorporated herein by this reference.

SECTION 2. By-District Elections. Section 30.07 is hereby added to Chapter 30 of Title III of the Santa Paula Municipal Code to read as follows:
“§ 30.07 – By-District Elections.
(A) By-District Elections. Pursuant to California Government Code section 34886, members of the City Council shall be elected bydistrict in five (5) single-member districts.

1. Councilmembers shall be elected in the electoral districts established by subdivision B of this Section and subsequently reapportioned as provided by State law. Elections shall take 93 place “by district” as that term is defined in California Government Code section 34871, meaning one
Councilmember shall be elected from each district, by the voters of that district alone.

2. A Councilmember elected or appointed to represent a district must reside in that district and be a registered voter in that district, and any candidate for City Council must reside in, and be a registered voter in, the district in which he or she seeks election at the time nomination papers are issued.

3. Termination of residency in a district by a Councilmember shall create a vacancy for that City Council district unless a substitute residence within the district is immediately declared and established within thirty (30) days after the termination of residency.

4. Notwithstanding any other provision of this Section, the Councilmembers in office at the time this Section takes effect shall continue in office until the expiration of the term to which he or she was elected. In the event a vacancy occurs before the expiration of the term of a Councilmember in office at the time this Section takes effect, a person who is appointed or elected by special election to fill such vacancy may reside anywhere within the corporate boundaries of the City. A person appointed or elected to fill such a vacancy shall hold the office in accordance with general law and applicable provisions of the Santa Paula Municipal Code.
(B) Council Districts and District Elections. All five Councilmembers shall be elected on a “by-district” basis from the Council districts shown and numbered on the map titled ‘City of Santa Paula District Map’ attached as Exhibit A, a copy of which shall be on file in the City Clerk’s office. In 2024, and every four years thereafter, the following two Council districts shall be elected by-district: District 1 and District 5. In 2026, and every four years thereafter, the following three Council districts shall be elected by-district: District 2; District 3; and District 4.
(C) Amendment of District Boundaries. Pursuant to Elections Code section 21601, as it may be amended from time to time, the Council shall adjust the boundaries of any or all of the districts following each decennial federal census to ensure that the districts are in compliance with all applicable provisions of law.”
SECTION 3. CEQA. Based upon the whole of the administrative record before it, the City Council hereby finds that a transition from at-large to by-district elections is 94 exempt from environmental review under the California Environmental Quality Act (“CEQA”) (Pub. Resources Code, § 21000 et seq.) pursuant to State CEQA Guidelines (Cal. Code Regs., tit. 14, § 15000 et seq.) sections 15061(b)(3), 15320, and 15378(b)(3).

Adoption of this Ordinance is an organizational and administrative activity of the City, does not have the potential to result in either a direct or reasonably foreseeable indirect physical change in the environment, and is therefore not a project for purposes of CEQA. (State CEQA Guidelines, §§ 15061(b)(3); 15378(b)(5).) In the event adoption of this Ordinance does constitute a project, it is categorically exempt under the Class 20 (Changes in the Organization of Local Governments) categorical exemption. (State CEQA Guidelines, § 15320.) Further, none of the exceptions to the exemptions found in State CEQA Guidelines section 15300.2 apply. Staff is hereby directed to prepare, execute and file with the Ventura County Clerk a CEQA Notice of Exemption within five (5) working days of the adoption of this Ordinance.

SECTION 4. Severability. If any provision of this Ordinance or the application thereof to any person or circumstance is held invalid, such invalidity shall not affect other provisions or applications, and to this end the provisions of this Ordinance are declared to be severable.

SECTION 5. Effective Date. This Ordinance shall become effective thirty (30) days following its adoption.

SECTION 6. Publication. The City Clerk shall certify to the adoption of this Ordinance and shall cause a summary of the same to be published in a newspaper of general circulation and then be published and circulated in the City of Santa Paula within fifteen (15) days following its adoption, pursuant to Government Code § 36933.

PASSED, APPROVED AND ADOPTED this 15th day of March, 2023 by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
__________________________
Andy Sobel
Mayor
ATTEST:
95 __________________________
Julie Latshaw
City Clerk
APPROVED AS TO FORM:
__________________________
Monica Castillo
Interim City Attorney
96 CERTIFICATION

STATE OF CALIFORNIA )
COUNTY OF VENTURA ) ss

CITY OF SANTA PAULA )
I, Julie Latshaw, City Clerk, hereby certify that the attached is a true copy of Ordinance No. 1327, introduced by the City Council of the City of Santa Paula, California, at a City Council meeting held the 1st day of March, 2023. Ordinance No. 1327 was passed, approved and adopted at a regular City Council meeting held at the 15th day of March, 2023.

WITNESS my hand and official seal of the City of Santa Paula this ___ day of __________, 2023.
__________________________
Julie Latshaw
City Clerk
97 EXHIBIT A
[MAP ATTACHED BEHIND THIS PAGE]
98 4
1 5
2 3
Santa Paula Cmtry
Harding Park
Charles M Teague Park
Las Piedras Park
Obregon Park
Jones Fld
Mill Park
Ebell Park
Veterans
Memorial Pk
E Santa Maria St
Padre Ln
Santa Paula Fwy
E Telegraph Rd
Lemonwood Dr
Monte Vista Dr
Encino
Pl
Sheppard Rd
View Dr
Acacia Rd
E Main St
Dartmouth Rd
Shell Rd
S Beckwith Rd
Cemetery Rd
Moultrie Pl
Peck Rd
Laurie Ln
Cherry Hill Rd
W Harvard Blvd
Todd Ln
Main St
W
Santa
Cruz
St
Cliff Dr
Terracina Dr
E Santa Clara St
E Virginia Ter
Ridgecrest Dr
S Peck Rd
Warren Ave
Ernest Dr
Mckevett Rd
5th
St
Center Ln
Salas St
Santa Paula Fwy
Maple St
S
Olive
St
S
4th
St
Fern Oaks Dr
Teague Dr
E Santa Paula St
Manzanita Dr
Guiberson St
S 12th
St
N
6th
St
N 14th
St
N
7th
St
N
Oak
St
Grant Line
St
Skyline
Dr
La Vuelta Pl
N
Palm Ave
Hawthorne St
Anacapa Ter
Say Rd
Fremontia St
Calpipe Rd
Bahia
Cir
Forest Dr
M
E Harvard Blvd
unger Dr
W
Main St
Dana Dr
N Ojai Rd
S
Ojai St
Southwick St
Powerline
Plum Way
Woodland Dr
N 12th
St
N
Mill St
Marin Rd
Sycamore
St
N 13th
St
April Ln
S 11th St
N 10th St
S
Oak
St
Dike Rd
Cadway St
N
9th
St
Bradley St
W Santa Barbara St
Montclair Dr
S
8th
St
Cedar St
N
8th
St
S 10th St
S Calavo St
Lucada St
W Santa Paula St
Sheffield St
Telegraph Rd
March St
Eliot St
Mupu Ave
Vernon Pl
Prairie Ln
Limoneira Ln
Park
St
California St
Brett Way
S
Mill St
Railroad Ave
S Palm Ave
S 5th
St
S
7th
St Walnut St
E Santa Barbara St
City of Santa Paula
Districting 2023
Map 119
Map Produced by NDC, 2/6/2023
Suggested Sequence:

District 1 - 2024 (Sobel)
District 2 - 2026 (Juarez & Crosswhite)
District 3 - 2026 (Chavez)
District 4 - 2026 (vacant)
District 5 - 2024 (Cornejo)
Map layers
Map 119
Landmark Area
Pipeline Powerline
Railroad
River
Streets
©2021 CALIPER Water Area
99 Map 119
District 1
Total Pop 6,090
Deviation from ideal -64
% Deviation -1.04%
% Hisp 89.5%
% NH White 9%
% NH Black 0%
% Asian-American 0%
Total 2,558
% Hisp 87%
% NH White 12%
% NH Black 1%
% Asian/Pac.Isl. 1%
Total 2,411
% Latino est. 82%
% Spanish-Surnamed 76%
% Asian-Surnamed 0%
% Filipino-Surnamed 1%
% NH White est. 18%
% NH Black 1%
Total 1,747
% Latino est. 80%
% Spanish-Surnamed 74%
% Asian-Surnamed 0%
% Filipino-Surnamed 1%
% NH White est. 21%
% NH Black 1%
Total 1,099
% Latino est. 74%
% Spanish-Surnamed 70%
% Asian-Surnamed 0%
% Filipino-Surnamed 1%
% NH White est. 25%
% NH Black est. 1%
ACS Pop. Est. Total 6,035
age0-19 36%
age20-60 48%
age60plus 16%
immigrants 32%
naturalized 32%
english 29%
spanish 70%
asian-lang 0%
other lang 0%
Language Fluency Speaks Eng. "Less than Very Well" 32%
hs-grad 51%
bachelor 7%
graduatedegree 2%
Child in Household child-under18 47%
Pct of Pop. Age 16+ employed 59%
income 0-25k 27%
income 25-50k 27%
income 50-75k 18%
income 75-200k 27%
income 200k-plus 2%
single family 78%
multi-family 22%
rented 57%
owned 43%
Surname-based Voter Registration and Turnout data from the California Statewide Database. 2 6,333
179

2.91%
63%
32%
1%
2%
3,685
55%
43%
0%
3%
3,932
53%
49%
1%
1%
49%
0%
3,311
51%
47%
1%
1%
50%
0%
2,444
45%
41%
0%
1%
56%
0%
5,969
33%
47%
20%
24%
42%
50%
48%
0%
1%
18%
49%
15%
13%
35%
55%
16%
11%
23%
37%
13%
92%
8%
26%
74%
3 5,798
-356
-5.78%
87%
11%
0%
1%
2,670
66%
30%
1%
2%
2,332
76%
70%
1%
1%
26%
1%
1,779
73%
67%
1%
1%
29%
1%
1,006
71%
66%
0%
0%
30%
1%
5,840
29%
52%
19%
31%
21%
34%
65%
0%
0%
34%
47%
5%
3%
36%
55%
15%
32%
19%
33%
1%
71%
29%
61%
39%
4 6,322
168

2.73%
89%
9%
0%
1%
2,985
79%
18%
0%
1%
2,260
83%
76%
1%
1%
22%
0%
1,700
81%
75%
0%
1%
23%
0%
1,063
76%
70%
0%
1%
28%
0%
6,571
37%
53%
9%
29%
26%
31%
69%
0%
1%
31%
50%
7%
3%
50%
58%
26%
28%
16%
29%
0%
50%
50%
66%
34%
5 6,229
75 1.22%
81%
16%
0%
1%
4,127
76%
21%
0%
1%
3,366
77%
70%
1%
1%
28%
0%
2,678
74%
67%
1%
1%
31%
0%
1,798
68%
63%
1%
0%
36%
0%
6,125
24%
55%
21%
23%
45%
36%
62%
1%
1%
21%
57%
10%
5%
33%
63%
9%
18%
26%
44%
3%
91%
9%
33%
67%
Total
30,772
535

8.69%
82%
15%
0%
1%
16,024
72%
25%
0%
2%
14,301
72%
66%
1%
1%
31%
0%
11,215
69%
63%
1%
1%
34%
0%
7,410
63%
58%
0%
1%
39%
0%
30,540
32%
51%
17%
28%
32%
36%
63%
0%
1%
27%
51%
9%
5%
40%
58%
18%
23%
20%
34%
4%
77%
23%
48%
52%
02/06/2023 0:52 Page 1 of 1
Total Pop
Citizen Voting Age Pop
Voter Registration
(Nov 2020)
Voter Turnout
(Nov 2020)
Voter Turnout
(Nov 2018)
Age
Immigration
Language spoken at home
Education
(among those age 25+)
Household Income
Housing Stats
Total population data from the 2020 Decennial Census.

Latino voter registration and turnout data are Spanish-surname counts adjusted using Census Population Department undercount estimates. NH White and NH Black registration and turnout counts estimated by NDC. Citizen Voting Age Pop., Age, Immigration, and other demographics from the 2016-2020 American Community Survey and Special Tabulation 5-year data.
100

EXHIBIT B -

CITYWIDE

GOVERNANCE

POLICY DRAFT
101
RESOLUTION NO. _____

A RESOLUTION OF THE CITY OF SANTA PAULA APPROVING AND

ESTABLISHING A CITYWIDE GOVERNANCE POLICY FOR ELECTED

OFFICIALS
The City Council for the City of Santa Paula does resolve as follows:

WHEREAS, on the City Council adopted Ordinance No.
944, establishing that future City Council elections will be held by district, and WHEREAS, on the City Council affirmed its commitment
to citywide governance, regardless of the method by which City Council members are elected, and directed staff to bring forward a citywide governance policy; and
WHEREAS, governing citywide allows for the continuation of accessible customer service, the most effective use of taxpayer resources, and consistency in city services; and
WHEREAS, all members of the City Council will continue to serve all of the people of Santa Paula.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Santa Paula, California, that:

1. The City Council will govern on a citywide basis and ensure decisions are made based on the needs and interests of the entire community; and

2. The City Council wishes to remain united in its customer service to the community and providing excellent quality of life for all; and

3. All members of the City Council will help all members of the community regardless of which district residents reside in or from which districts the City Council members are elected; and

4. Professional management in a strong City Manager/City Council form of government will continue; and

5. Commissions and board appointments will continue to be made at large, with each Councilmember able to nominate appointees from anywhere in the City irrespective of election districts; and

6. Information necessary for the City Council to govern on a citywide basis will be shared with all City Councilmembers; and
102

7. Resources will continue to be allocated based on long-term strategic planning efforts, with citywide considerations of service levels and financial capacity; and

8. Current practices of inviting all Councilmembers to events and activities will remain in effect; and

9. The City Council will follow the current practice of the Mayor speaking at events on behalf of the City Council and if not available the vice Mayor or other Councilmembers who are available will speak on behalf of the City Council; and

10.Financial, operational, project, and other information will be presented on a citywide basis and not segregated by election district; and

11.City Council fiscal management, best practices, and city systems will continue to reflect services provided to all residents citywide; and

12.City Council members upon election, re-election, or appointment, will certify, in writing, their receipt and understanding of this Citywide Governance Policy.

PASSED, ADOPTED, and APPROVED this day of March 2023. . _____________________
Andy Sobel, Mayor
ATTEST:
_________________________
Julie Latshaw, City Clerk
APPROVED AS TO FORM:
_______________________________
Monica Castillo, Interim City Attorney
103
APPROVED AS TO CONTENT:
_______________________________
Dan Singer, City Manager
104
To: Honorable Mayor and Members of the City Council
From: Donald Aguilar, Interim Police Chief
Subject:

EXPENDITURE PLAN FOR THE FY 22/23 SUPPLEMENTAL LAW

ENFORCEMENT SERVICES ACCOUNT
Date: March 1, 2023
Agenda Item: 11.B

CITY OF SANTA PAULA

MEMORANDUM
RECOMMENDATION:

Presented by: Interim Police Chief Don Aguilar
BACKGROUND:

A Supplemental Law Enforcement Services Account (SLESA) has been established in each county of the state for the purpose of overseeing and allocating funding being provided by the State of California's Citizens Options for Public Safety (Cal-COPS) Program. Cal-COPS funds are used for funding “frontline law enforcement services.” The total state funding from the program allots a certain percentage for “city funding.” City funding allocations are distributed based on population estimates provided by Chapter 353 of the Budget Act for the particular year of funding.

In accordance with Government Code Section 30061 and 30063, the City Council shall approve the appropriation of the anticipated funding by approving a written request in the form of an “Expenditure Plan.” (See Exhibit A.) The County of Ventura Sheriff's Office is designated as the Supplemental Law Enforcement Oversight Committee and must certify receipt and approval of the City's “Expenditure Plan” prior to submitting it to the County Board of Supervisors for review and approval. Upon the Board’s approval, the County Auditor/Controller is authorized to release the funding.

ANALYSIS:

Approving the Expenditure Plan will provide a revenue source for the purchase of the following equipment:
105
Tactical Triage Kits/Training Kits
Social Media marketing banners
Flock safety License Plate Reader (LPR) fixed location cameras LPR Mobile message board
Facility Surveillance Software and technology upgrades for police station The Expenditure Plan will also provide funding for the following programs:

Police Explorer Post
STRATEGIC PLAN:

FISCAL IMPACTS:

Approval of the expenditure plan will result in revenue to the Police Department of $100,000.00 which will be used as described above. While funds have already been allocated in the FY 2022/23 budget, the fund also has an existing fund balance due to prior year staffing vacancies that the Council may allocate in addition to the existing funds. Staff may return at a later date to request an increase in expense allocation in order to fully utilize the fund balance and update this fiscal year’s expenditure plan accordingly.

OPTIONS:

As an alternative to Staff's recommendation, the City Council may take one of the following alternative actions:

1. Do not approve the proposed Expenditure Plan.

2. Direct staff to modify the proposed Expenditure Plan.

3. Give other direction to staff as desirable.

ATTACHMENTS:

Exhibit A - COPS 22-23 Expenditure Plan.xlsx
Notice of Publication.pdf
106
City Name:

Beginning Fund Balance 100,000.00
Prior Year Allocation/Adjustment
Current Year Allocation
Total Allocation 100,000.00
Salaries and Benefits
Services and Supplies
100,000.00
Administrative Overhead
Total Expenditure Planned 100,000.00
Date approved by the City Council:

The City Manager hereby certifies that the Supplemental Law Enforcement Services Plan was submitted to the City Council and approved as listed.

Date
(805) 525-4474 02/21/23
Name Date
FY 2021-2022 City Expenditure Plan Form
Supplemental Law Enforcement Standardized Forms
Expenditure Plan
FY 2022-2023
City Manager Signature
City of Santa Paula - Santa Paula Police
Please provide the name of a contact person if there are any questions:

Equipment

EXPENDITURE PLANNED
Police Chief Don Aguilar
107
108
To: Honorable Mayor and Members of the City Council
From: Christy Ramirez, Finance Director
Subject: QUARTERLY INVESTMENT REPORTS
Date: March 1, 2023
Agenda Item: 12.A

CITY OF SANTA PAULA

MEMORANDUM
RECOMMENDATION:

Staff recommends that the City Council receive and file the Quarterly Investment Reports for FY 21/22 and Q1/Q2 of FY 22/23.

Presented by: Finance Director Christy Ramirez
BACKGROUND:

The City is required by Government Code Section 53600 et seq. and the City’s Investment Policy to provide a quarterly report of investments. Attached are the Summary of Cash and Investments for the four quarters of FY 21/22 and first two quarters of FY 22/23, along with detailed information regarding how these funds are invested. This report reflects cash balances as reported by the banking institutions. The Report represents, in essence, the balance in the bank. The Report does not include funds available for expenditure, including those funds obligated and not yet paid out (outstanding checks) and deposits in transit.

ANALYSIS:

The City used a pooled cash investment for distribution of interest earnings based on the average of the three-months ending cash balances. Any interest from investments related to a specific function (such as bond reserve amounts and the warehouse accounts for the HUD rehab loans) are allocated to those specific funds.

The City of Santa Paula has not suffered negative impact with their investments as we use the “Safety over Yield” philosophy. The City’s interest rates have been increasing the past year.

Below is a comparison of the current fiscal year quarter earnings compared to the prior year’s quarter earnings:

All investments of the City are in compliance with the Statement of Investment Policy.

Maturities and cash availability will meet the City’s budgeted expenditures for the next six months. On another note, the City continues to be the custodian of the funds for the Designated Local Authority for the former Santa Paula Redevelopment Agency.

Of note in the more recent investment reports is the inclusion of the Chandler Asset 109
Investments. In May of 2022, with Council's approval and adopted investment policy as guidance, the City began to utilize Chandler Asset Management to diversify funds previously held solely in the Local Agency Investment Fund (LAIF). A significant increase in revenues has been realized, which will be presented by Chandler to the Council this evening.

The Chandler Asset monthly account statements have been added as additional information to every quarterly report. Also attached to this staff report is the December 31, 2022 Overview provided to staff, which includes benchmark comparisons as well as comparisons to the LAIF Yields.

STRATEGIC PLAN:

This item is not a goal or objective in City Council’s two-year Strategic Plan, however, accurate reporting of city finances is necessary.

FISCAL IMPACTS:

None.

OPTIONS:

Reject the Quarterly Investment reports and be out of compliance with Government Code 53600 et. seq.

ATTACHMENTS:
2022.12.31 CAM Presentation.pdf
Investment Reports.pdf
110
CHANDLER ASSET MANAGEMENT, INC. | 800.317.4747 | www.chandlerasset.com

INVESTMENT REPORT
Period Ending December 31, 2022
City of Santa Paula
111
SECTION 1 Economic Update
SECTION 2 Account Profile
SECTION 3 Portfolio Holdings
SECTION 4 Transactions
Table of Contents As of December 31, 2022
1 112
SECTION | Section 1 | Economic Update
2 113
Economic Update
▪
▪
▪
Market volatility has intensified as global central banks pursue monetary policies to combat persistently high inflation.

Although the pace of job growth is moderating, the strength of the labor market has sustained economic growth. Inflation metrics are trending downward but remain significantly higher than the Fed’s target. While evidence of slower economic conditions has begun to mount, we expect the Federal Reserve to continue to raise rates to battle inflation, albeit at a less aggressive pace. Over the near-term, we expect financial market volatility to remain intensified with persistent inflation, geopolitical risk, and the Fed's hawkish monetary policy.

As expected at the December 14th meeting, the Federal Open Market Committee (FOMC) raised the fed funds target rate by 50 basis points to a range of 4.25 – 4.50%, in a downshift from four consecutive 75 basis point hikes. The decision was unanimous, and there was no change to the November statement. The sentiment was hawkish, indicating that “ongoing increases” in the fed funds rate are likely appropriate and citing continued labor market imbalances. FOMC members forecasted a higher fed funds rate, slower GDP growth, higher inflation, and higher unemployment in 2023 than in the September projections. We believe the FOMC will continue to implement tighter monetary policy at a slower pace and hold rates at restrictive levels for some time until inflationary pressures subside and remain in the Fed’s target range.

In December, yields rose, and the curve became less inverted. The 2-year Treasury yield increased 12 basis points to 4.43%, the 5-year Treasury yield rose 27 basis points to 4.01%, and the 10-year Treasury yield climbed 27 basis points to 3.88%. The inversion between the 2-year Treasury yield and 10-year Treasury yield narrowed to -55 basis points at December monthend versus -71 basis points at November month-end. The spread was a positive 78 basis points one year ago. The inversion between 3-month and 10-year treasuries narrowed to -50 basis points in December from -74 basis points in November. The year 2022 saw a dramatic shift in the Federal Reserve’s policy from highly accommodative to aggressive tightening, resulting in significantly higher rates and an inverted yield curve. The shape of the yield curve indicates that the probability of recession is increasing.
3 114
Source: US Department of Labor Source: US Department of Labor Employment
The U.S. economy added 223,000 jobs in December, slightly higher than market expectations of 205,000, but a decline from November’s revised increase of 256,000. Trends in employment remain healthy, with the three-month moving average payrolls at 247,000 and the six-month moving average at 307,000. Jobs in the goods producing sector were surprisingly strong, and leisure and hospitality employment growth remained solid. The unemployment rate dipped to 3.5%, returning to its pre-pandemic level. The labor participation rate increased only slightly to 62.3% in December from 62.1% in November, indicating the supply of labor remains challenging for employers. The U-6 underemployment rate, which includes those who are marginally attached to the labor force and employed part time for economic reasons declined to 6.5% from the prior month at 6.7%. Average hourly earnings rose 4.6% year-over-year in December, down from a revised 4.8% increase in November. Overall, the December employment report demonstrates a strong demand for labor and supports the case for the Fed to continue raising the federal funds rate, but perhaps at a slower pace. -200 -100
0 100
200
300
400
500
600
700
800
MOM Change In (000's)
Nonfarm Payroll (000's)
Non-farm Payroll (000's)
3 month average (000's)

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

12.0%

14.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
Rate (%)
4 115
Source: US Department of Labor Source: US Department of Commerce Inflation
The Consumer Price Index (CPI) increased 6.5% year-over-year in December, down from a 7.1% year-over-year increase in November. The Core CPI, which excludes volatile food and energy components, rose 5.7% year-over-year in December, down from 6.0% in November. Gasoline prices decelerated materially, while shelter prices continued to rise. A shift in spending from goods to services continues to dampen merchandise prices. The Personal Consumption Expenditures (PCE) index rose 5.5% year-over-year in November, versus an upwardly revised

6.1% year-over-year gain in October. Core PCE increased 4.7% year-over-year in November versus a 5.0% year-over-year gain in October.

Declining inflationary trends should provide the Federal Reserve room to reduce the pace and magnitude of future federal funds rate hikes.

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
Personal Consumption Expenditures (PCE)
PCE Price Deflator YOY % Change
PCE Core Deflator YOY % Change
YOY( %) Change

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
Consumer Price Index (CPI)
CPI YOY % Change
Core CPI YOY % Change
YOY( %) Change
5 116
Advance Retail Sales declined more than expected in November at -0.6% month-over-month and +6.5% year-over-year, possibly suggesting some loss of momentum in consumer demand for goods amid high inflation and shifting preferences toward services. Additionally, Amazon’s Prime Day may have pulled some holiday spending activity forward into October from November. The Conference Board’s Consumer Confidence Index jumped more than expected to 108.3 in December from an upwardly revised 101.4 in November. Views of current conditions and the future outlook for the economy both improved as inflation expectations declined.

Source: US Department of Commerce Source: The Conference Board

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%
Retail Sales YOY % Change
YOY (%) Change
80 90
100
110
120
130
140
Index Level
Consumer Confidence
Consumer
6 117
Source: The Conference Board Source: Federal Reserve Bank of Chicago Economic Activity
The Conference Board’s Leading Economic Index (LEI) remained in negative territory for the ninth consecutive month at a worse than expected -1.0% in November, following a downwardly revised -0.9% in October. The LEI was down 4.5% year-over-over in November versus down 2.9% in October. The Conference Board cited a "lack of economic growth momentum in the near term." The Chicago Fed National Activity Index (CFNAI) decreased to -0.05 in October from +0.17 in September indicating below trend growth over the month. On a 3-month moving average basis, the CFNAI moved down to +0.09 in October from an upwardly revised +0.19 in September. -0.50
-0.25

0.00 0.25

0.50 0.75

1.00 Chicago Fed National Activity Index (CFNAI)
3 Month Average
-1.5%
-1.0%
-0.5%

0.0%

0.5%

1.0%

1.5%
Leading Economic Indicators (LEI)
MOM ( %) Change
7 118
Source: US Department of Commerce Source: S&P
Housing
0 200
400
600
800
1000
1200
1400
1600
1800
2000
MOM Change (In Thousands of Units)
Housing Starts
Multi Family Housing Starts
Single Family Housing Starts

0.0%

3.0%

6.0%

9.0%

12.0%

15.0%

18.0%

21.0%

24.0%
S&P/Case-Shiller 20 City Composite Home Price Index
YOY( %) Change
Total housing starts declined 0.5% in November to 1,427,000 units after an upward revision to 1,434,000 units in October. Single-family home starts fell 4.1%, whereas multi-family starts rose 4.9% month-over-month. On a year-over-year basis, total housing starts decreased 16.4% reflecting a shift from single-family units to more affordable multi-family units as homebuyers struggle with a combination of elevated prices and higher mortgage rates. The 30-year mortgage rate has edged up to 6.4% according to Freddie Mac but remains below recent highs which topped 7%. According to the Case-Shiller 20-City Home Price Index, the year-over-year increase continued its declining rate of gain to +8.6% in October from +10.4% in September, clearly displaying the impact of higher mortgage rates which have reduced demand for homebuying as affordability has declined.
8 119
Source: Institute for Supply Management Source: Federal Reserve Manufacturing
The Institute for Supply Management (ISM) manufacturing index declined to 48.4 in December from 49.0 in November. This is the second consecutive month of readings below 50.0, which is indicative of contraction in the manufacturing sector. The declining trend reflects sluggish demand amid economic uncertainty and easing price pressures in the goods sector. Industrial production was down 0.2% in November after an unrevised decline of 0.1% in October. The decrease was led by weakness in the manufacturing and mining indices. This equates to a 2.5% increase from the prior year. Capacity utilization fell to 79.7% in November from 79.9% in October and continues to run slightly above the 1972- 2021 average of 79.6%.
40 42
44 46
48 50
52 54
56 58
60 62
64 66
Institute of Supply Management Purchasing Manager Index

EXPANDING

CONTRACTING
-10.0%
-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%
Industrial Production
YOY( %) Change
9 120
Source: US Department of Commerce Source: US Department of Commerce 12/21 3/22 6/22 9/22

2.1% 0.9% 1.4% 1.5%

5.1% 1.0% -2.8% -1.8%
-0.2% -3.1% 1.2% 2.9%

0.0% -0.4% -0.2% 0.2%
-0.2% 0.0% -0.1% 0.4%

7.0% -1.6% -0.6% 3.2%
Net Exports and Imports
Total
Gross Private Domestic Investment
Personal Consumption Expenditures
Components of GDP
Federal Government Expenditures
State and Local (Consumption and Gross
Investment) -35.0%
-30.0%
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%
Gross Domestic Product (GDP)
GDP QOQ % Change
GDP YOY % Change
Gross Domestic Product (GDP)
According to the third estimate, GDP increased at an annualized rate of 3.2% in the third quarter, revised up from 2.9%. The upward revision reflects stronger personal consumption expenditures which rose 2.3% in the third quarter, up from 1.7% in the previous estimate, primarily due to continued strength in services spending. Business investment, state and local government spending, and net exports also contributed to the upward revision. The consensus estimate calls for 1.1% growth in the fourth quarter and 1.9% growth for the full year 2022. 10 121
Federal Reserve
Source: Federal Reserve Source: Bloomberg
As expected at the December 14th meeting, the Federal Open Market Committee (FOMC) raised the fed funds target rate by 50 basis points to a range of 4.25 – 4.50%, in a downshift from four consecutive 75 basis point hikes. The decision was unanimous, and there was no change to the November statement. The sentiment was hawkish, indicating that “ongoing increases” in the fed funds rate are likely appropriate and citing continued labor market imbalances. The Summary of Economic Projections indicated a peak median forecast of 5.1% in 2023 and no rate cuts until 2024; however, the market consensus diverged, implying rate cuts in the second half of 2023. FOMC members forecasted a higher fed funds rate, slower GDP growth, higher inflation, and higher unemployment in 2023 than in the September projections. We believe the FOMC will continue to implement tighter monetary policy at a slower pace and hold rates at restrictive levels for some time until inflationary pressures subside and remain in the Fed’s target range. 0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

3.50%

4.00%

4.50%
Effective Federal Funds Rate
Yield (%)
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
Federal Reserve Balance Sheet Assets
In $ millions
11 122
Source: Bloomberg Source: Bloomberg

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%
US Treasury Note Yields
2-Year
5-Year
10-Year
Yield (%)

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%
US Treasury Yield Curve
Dec-22
Sep-22
Dec-21
Yield (%)
Bond Yields
At the end of December, the 2-year Treasury yield was 370 basis points higher, and the 10-Year Treasury yield was about 237 basis points higher, year-over-year. The inversion between the 2-year Treasury yield and 10-year Treasury yield narrowed to -55 basis points at December month-end versus -71 basis points at November month-end. The average historical spread (since 2003) is about +130 basis points. The inversion between 3-month and 10-year treasuries narrowed to -50 basis points in December from -74 basis points in November. The shape of the yield curve indicates that the probability of recession is increasing. 12 123
Section 2| SECTION | Section 2 | Account Profile
13 124
Objectives
Chandler Asset Management Performance Objective
The performance objective for the portfolio is to earn a total rate of return through a market cycle that is equal to or above the return on the benchmark index.

Investment Objectives
The City of Santa Paula's investment objectives, in order of priority, are to provide safety to ensure the preservation of capital in the overall portfolio, provide sufficient liquidity for cash needs and a market rate of return consistent with the investment program.

Strategy
In order to achieve this objective, the portfolio invests in high-quality fixed income securities that comply with the investment policy and all regulations governing the funds.

As of December 31, 2022
14 125
Compliance As of December 31, 2022
Category Standard Comment
U.S. Treasuries
No limitation; U.S. Treasury bills, notes, & bonds, or certificates of indebtedness, or those for which the full faith and credit of the U.S. Government are pledged for the payment of principal and interest Complies Federal Agencies
30% max per Agency/GSE issuer; 20% max callable agency securities; Federal agencies or U.S. government-sponsored enterprise obligations, participations, or other instruments, including those issued or fully guaranteed as to principal and interest by federal agencies or U.S. government sponsored enterprises.

Complies
Supranational Obligations "AA" rating category or higher by a NRSRO; 30% max; 10% max per issuer; USD denominated senior unsecured unsubordinated obligations issued or unconditionally guaranteed by IBRD, IFC, or IADB Complies Municipal Securities (CA, Other States)
“AA” or “A-1” (for short-term securities) rating category or higher by a NRSRO; 30% max; 5% max per issuer; Bonds, notes, warrants or other evidence of debt issued by a local agency or municipality located within the State of California, including debt securities issued by the City; Bonds issued by any of the 50 United States, including bonds payable solely out of the revenues from a revenue producing property owned, controlled, or operated by a state or by a department, board, agency, or authority of any state.

Complies
Certificate of Deposit Placement Service
(CDARS) 30% max (combination with Negotiable CDs) Complies Non-Negotiable Certificates of Deposit
(CD)
20% max; 5% max per issuer; FDIC insured or Collateralized; Non-negotiable deposits in a state or national bank, savings association or federal association, federal or state credit union in the State of California as authorized by CGC Complies City of Santa Paula
Assets managed by Chandler Asset Management are in full compliance with state law and the Client's investment policy. 15 126
Compliance As of December 31, 2022
Category Standard Comment
Banker’s Acceptances Highest short-term rating category by a NRSRO for issuing financial institutions; 40% max; 5% max per issuer; 180 days max maturity
Complies
Commercial Paper
"Prime" quality of the highest rating by a NRSRO; 25% max; 5% max per issuer; 270 days maturity; 10% max of the outstanding commercial paper of any single issuer; Issued by an entity that meets all of the following conditions in either (1) or (2): 1. (a) organized and operating in the U.S. as a general corporation (b) has assets > $500 million; (c) "A" rating category or higher by a NRSRO, if any debt 2. (a) organized within the U.S. as a special purpose corporation, trust, or limited liability company; (b) has program-wide credit enhancements including, but not limited to, overcollateralization, letters of credit, or a surety bond; (c) "A-1" rating category or higher by a NRSRO.

Complies
Money Market and Mutual Funds
Highest rating by two NRSROs; 20% max in Money Market or Mutual Funds; 20% per fund; Issued by diversified management companies; Registered with SEC under Investment Company Act of 1940; Money market or mutual funds intended to maintain constant net asset value and that invest solely in U.S. Treasuries and Federal Agency obligations and repurchase agreements invested in such obligations
Complies
Local Agency Investment Fund (LAIF) California State Treasurer's Local Agency Investment Fund (LAIF) as authorized by Gov. Code Section 16429.1(b). Complies Local Government Investment Pool
(LGIP)/ Other Pools/ Joint Powers
Authority
Shares of beneficial interest issued by a joint powers authority organized in the State of California pursuant to Gov.

Code Section 53601 subdivisions (a) to (q), inclusive. Each share shall represent an equal proportional interest in the underlying pool of securities owned by the joint powers authority. Purchases are limited to those pools that seek to maintain a constant net asset value and are rated in the highest category by a NRSRO. The joint powers authority issuing the shares shall have retained an investment adviser that meets all of the following criteria: (1) registered or exempt from registration with the SEC; (2) has not less than five years of experience investing in the securities and obligations authorized in subdivisions (a) to (q), inclusive, of [Gov. Code] section 53601; and (3) has assets under management > $500,000,000
Complies
Ventura County Investment Pool (VCIP) Ventura County Treasurer's Investment Pool as authorized by California Government Code Complies Max Per Issuer
5% max per issuer, except for U.S. Treasury, Federal Agency securities, authorized pools, mutual funds, Supranationals, and collateralized investments Complies
Maximum Maturity 5 years max maturity Complies
City of Santa Paula
Assets managed by Chandler Asset Management are in full compliance with state law and the Client's investment policy. 16 127
Portfolio Characteristics
City of Santa Paula
12/31/22 09/30/22
Benchmark* Portfolio Portfolio
Average Maturity (yrs) 1.83 1.95 1.93
Average Modified Duration 1.75 1.67 1.70
Average Purchase Yield n/a 3.41% 3.22%
Average Market Yield 4.51% 4.67% 4.29%
Average Quality** AAA AA+/Aa1 AA+/Aa1
Total Market Value 29,934,789 29,684,130
*ICE BofA 1-3 Yr US Treasury & Agency Index
**Benchmark is a blended rating of S&P, Moody’s, and Fitch. Portfolio is S&P and Moody’s respectively.

As of December 31, 2022
17 128
City of Santa Paula
Sector Distribution
ABS

7.6%
Agency

19.2%
CMO

8.4%
Corporate

16.4%
Money Market
Fund

0.2%
Negotiable CD

1.7%
Supranational

3.4%
US Treasury

43.0%
December 31, 2022 September 30, 2022
As of December 31, 2022
ABS

6.5%
Agency

19.3%
CMO

6.0%
Corporate

16.5%
Money Market
Fund

0.1%
Negotiable CD

2.9%
US Treasury

45.3%
Supranational

3.4%
18 129
Issue Name Investment Type % Portfolio
Government of United States US Treasury 43.00%
Federal Home Loan Bank Agency 10.46%
Federal Home Loan Mortgage Corp CMO 8.42%
Federal Farm Credit Bank Agency 4.34%
Federal National Mortgage Association Agency 2.64%
Bank of America Corp Corporate 1.85%
Inter-American Dev Bank Supranational 1.83%
JP Morgan Chase & Co Corporate 1.80%
Bank of New York Corporate 1.80%
Bank of Montreal Chicago Corporate 1.80%
Apple Inc Corporate 1.80%
Duke Energy Field Services Corporate 1.79%
Amazon.com Inc Corporate 1.79%
Federal Home Loan Mortgage Corp Agency 1.79%
Bank of Nova Scotia Houston Negotiable CD 1.68%
Intl Bank Recon and Development Supranational 1.61%
Visa Inc Corporate 1.61%
Wal-Mart Stores Corporate 1.60%
GM Financial Securitized Term Auto Trust ABS 1.44%
Bank of America Credit Card Trust ABS 1.21%
Honda ABS ABS 1.12%
John Deere ABS ABS 1.00%
Toyota ABS ABS 0.85%
American Express ABS ABS 0.82%
Hyundai Auto Receivables ABS 0.82%
Colgate-Palmolive Co. Corporate 0.52%
Verizon Master Trust ABS 0.38%
First American Govt Oblig Fund Money Market Fund 0.23%
TOTAL 100.00%
Issuers
City of Santa Paula – Account #10939
As of December 31, 2022
19 130
AAA AA A <A NR
12/31/22 9.9% 71.2% 9.0% 0.0% 9.8%
09/30/22 11.0% 71.7% 9.1% 0.0% 8.3%
Source: S&P Ratings
December 31, 2022 vs. September 30, 2022

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%

80.0%
AAA AA A <A NR
12/31/22 09/30/22
Quality Distribution
City of Santa Paula
As of December 31, 2022
20 131

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%

70.0%
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ City of Santa Paula ICE BofA 1-3 Yr US Treasury & Agency Index Portfolio Compared to the Benchmark
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ Portfolio 2.1% 4.3% 16.2% 41.6% 32.3% 3.4% 0.0% 0.0%
Benchmark* 0.0% 0.0% 2.9% 58.6% 38.5% 0.0% 0.0% 0.0%
*ICE BofA 1-3 Yr US Treasury & Agency Index
Duration Distribution
City of Santa Paula
As of December 31, 2022
21 132
-1.00%
-0.80%
-0.60%
-0.40%
-0.20%

0.00%

0.20%

0.40%

0.60%

0.80%

1.00%
3 months Since Inception
City of Santa Paula (gross) City of Santa Paula (net) ICE BofA 1-3 Yr US Treasury & Agency Index Total Rate of Return Since Inception June 30, 2022
Investment Performance
City of Santa Paula
Total rate of return: A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending value; it includes interest earnings, realized and unrealized gains and losses in the portfolio.

As of December 31, 2022
TOTAL RATE OF RETURN Latest 3 months Since Inception
City of Santa Paula (gross) 0.85% -0.40%
City of Santa Paula (net) 0.75% -0.50%
ICE BofA 1-3 Yr US Treasury & Agency Index 0.73% -0.84% 22 133
Purchase Yield vs LAIF
City of Santa Paula
As of December 31, 2022
-

0.50 1.00

1.50 2.00

2.50 3.00

3.50 4.00
May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Percent (%)
LAIF Yield Portfolio Purchase Yield
23 134
SECTION | Section 3 | Portfolio Holdings
24 135
Holdings Report
City of Santa Paula - Account #10939
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
89240BAC2 Toyota Auto Receivables Owners 2021-A A3

0.260% Due 05/15/2025
261,025.12 06/07/2022

2.63%
255,631.29
257,353.97

97.42 4.82%
254,294.12

30.16 0.85%
(3,059.85)
Aaa / NR
AAA

2.37 0.56
43815EAC8 Honda Auto Receivables 2021-3 A3

0.410% Due 11/18/2025
350,000.00 07/27/2022

3.40%
335,152.34
337,899.95

95.39 5.35%
333,878.50

51.82 1.12%
(4,021.45)

NR / AAA
AAA

2.88 0.94
05522RDC9 Bank of America Credit Card Tr 2020-A1 A1

0.340% Due 05/15/2026
380,000.00 06/15/2022

3.67%
361,757.03
368,372.61

95.68 5.07%
363,578.61

57.42 1.21%
(4,794.00)
Aaa / AAA
NR

3.37 0.92
362554AC1 GM Financial Securitized Term 2021-4 A3

0.680% Due 09/16/2026
200,000.00 06/13/2022

3.26%
190,492.19
192,384.29

94.48 5.54%
188,962.48

56.67 0.63%
(3,421.81)
Aaa / AAA
NR

3.71 1.15
02582JJR2 American Express 2021-1 A

0.900% Due 11/15/2026
265,000.00 06/28/2022

3.62%
248,748.05
252,222.60

92.83 4.98%
246,005.94
106.00

0.82%
(6,216.66)
Aaa / NR
AAA

3.88 1.80
44918MAD2 Hyundai Auto Receivables 2022-B A3

3.720% Due 11/16/2026
250,000.00 08/03/2022

3.64%
250,585.94
250,507.00

97.97 4.82%
244,933.40
413.33

0.82%
(5,573.60)

NR / AAA
AAA

3.88 1.90
47800AAC4 John Deere Owner Trust 2022-B A3

3.740% Due 02/16/2027
130,000.00 07/12/2022

3.77%
129,987.59
129,989.16

97.70 4.93%
127,011.01
216.09

0.43%
(2,978.15)
Aaa / NR
AAA

4.13 1.99
362585AC5 GM Financial Securitized ART 2022-2 A3

3.100% Due 02/16/2027
250,000.00 10/24/2022

4.92%
241,562.50
242,097.83

96.88 5.05%
242,201.85
322.92

0.81%
104.02
Aaa / AAA
NR

4.13 1.63
47800BAC2 John Deere Owner Trust 2022-C A3

5.090% Due 06/15/2027
170,000.00 10/12/2022

5.15%
169,986.81
169,987.54
100.38

4.97%
170,640.54
384.58

0.57%
653.00
Aaa / NR
AAA

4.46 2.15
92348KAV5 Verizon Master Trust 2022-5 A1A

3.720% Due 07/20/2027
115,000.00 08/02/2022

3.75%
114,994.94
114,995.65

98.48 5.00%
113,255.89
130.72

0.38%
(1,739.76)

NR / AAA
AAA

4.55 1.54
TOTAL ABS 2,371,025.12 3.72%
2,298,898.68
2,315,810.60 5.07%
2,284,762.34
1,769.71

7.64%
(31,048.26)
Aaa / AAA
AAA

3.59 1.36
Agency
3133834G3 FHLB Note

2.125% Due 06/09/2023
70,000.00 08/11/2022

3.24%
69,368.60
69,666.47

98.89 4.71%
69,220.10

90.90 0.23%
(446.37)
Aaa / AA+
NR

0.44 0.43
3137EAEV7 FHLMC Note

0.250% Due 08/24/2023
550,000.00 06/28/2022

3.00%
532,988.50
540,504.27

97.09 4.87%
533,986.06
485.07

1.79%
(6,518.21)
Aaa / AA+
AAA

0.65 0.63
313383YJ4 FHLB Note

3.375% Due 09/08/2023
550,000.00 06/27/2022

2.99%
552,447.50
551,400.17

98.99 4.88%
544,446.48
5,826.56

1.84%
(6,953.69)
Aaa / AA+
NR

0.69 0.66
3133EMAM4 FFCB Callable Note Cont 9/21/2022

0.250% Due 09/21/2023
450,000.00 07/21/2022

3.26%
434,650.50
440,523.67

96.65 5.03%
434,915.25
312.50

1.45%
(5,608.42)
Aaa / AA+
AAA

0.72 0.70
3130APU29 FHLB Note

0.500% Due 11/09/2023
500,000.00 06/28/2022

3.06%
483,030.00
489,368.19

96.44 4.80%
482,200.02
361.11

1.61%
(7,168.17)
Aaa / AA+
NR

0.86 0.83
As of December 31, 2022
25 136
Holdings Report
City of Santa Paula - Account #10939
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
3130A0F70 FHLB Note

3.375% Due 12/08/2023
450,000.00 06/27/2022

3.10%
451,719.00
451,110.19

98.57 4.96%
443,553.76
970.31

1.48%
(7,556.43)
Aaa / AA+
AAA

0.94 0.91
3130A0XE5 FHLB Note

3.250% Due 03/08/2024
365,000.00 06/13/2022

3.23%
365,087.60
365,059.78

98.21 4.81%
358,483.39
3,723.51

1.21%
(6,576.39)
Aaa / AA+
NR

1.19 1.13
3133ENYX2 FFCB Note

3.250% Due 06/17/2024
375,000.00 06/15/2022

3.40%
373,946.25
374,231.67

98.00 4.68%
367,482.56
473.96

1.23%
(6,749.11)
Aaa / AA+
AAA

1.46 1.40
3130ASDS5 FHLB Note

2.750% Due 06/28/2024
365,000.00 06/09/2022

2.87%
364,153.20
364,384.97

97.29 4.65%
355,111.36

83.65 1.19%
(9,273.61)
Aaa / AA+
NR

1.49 1.44
3130ASME6 FHLB Note

3.000% Due 07/08/2024
500,000.00 07/07/2022

3.10%
499,030.00
499,264.87

97.49 4.73%
487,442.28
7,208.33

1.65%
(11,822.59)
Aaa / AA+
NR

1.52 1.44
3133ENG20 FFCB Note

3.300% Due 08/15/2024
500,000.00 08/16/2022

3.30%
500,030.00
500,024.36

97.96 4.61%
489,822.81
6,233.33

1.66%
(10,201.55)
Aaa / AA+
AAA

1.62 1.54
3130AQF40 FHLB Note

1.000% Due 12/20/2024
400,000.00 07/27/2022

3.15%
380,296.00
383,827.42

93.42 4.53%
373,684.52
122.22

1.25%
(10,142.90)
Aaa / AA+
AAA

1.97 1.91
3135G0X24 FNMA Note

1.625% Due 01/07/2025
450,000.00 06/21/2022

3.34%
431,334.00
435,207.70

94.54 4.48%
425,447.92
3,534.38

1.43%
(9,759.78)
Aaa / AA+
AAA

2.02 1.93
3135G05X7 FNMA Note

0.375% Due 08/25/2025
400,000.00 06/22/2022

3.27%
365,400.00
371,131.84

90.27 4.30%
361,072.86
525.00

1.21%
(10,058.98)
Aaa / AA+
AAA

2.65 2.58
TOTAL Agency 5,925,000.00 3.15%
5,803,481.15
5,835,705.57 4.73%
5,726,869.37
29,950.83

19.23%
(108,836.20)
Aaa / AA+
AAA

1.31 1.26
CMO
3137BTU25 FHLMC K724 A2

3.062% Due 11/25/2023
352,013.33 06/13/2022

3.46%
350,322.01
350,960.67

98.34 5.19%
346,186.52
898.22

1.16%
(4,774.15)

NR / NR
AAA

0.90 0.69
3137BFXT3 FHLMC K042 A2

2.670% Due 12/25/2024
380,000.00 06/22/2022

3.52%
372,459.38
374,055.82

95.93 4.93%
364,536.09
169.10

1.22%
(9,519.73)
Aaa / NR
NR

1.99 1.76
3137BHCY1 FHLMC K044 A2

2.811% Due 01/25/2025
315,016.95 06/16/2022

4.46%
307,781.42
309,292.74

96.25 4.79%
303,208.41
737.93

1.02%
(6,084.33)

NR / NR
AAA

2.07 1.84
3137BM7C4 FHLMC K051 A2

3.308% Due 09/25/2025
380,000.00 06/23/2022

3.33%
379,198.44
379,327.55

96.63 4.65%
367,184.42
1,047.53

1.23%
(12,143.13)

NR / NR
AAA

2.74 2.42
3137BNGT5 FHLMC K054 A2

2.745% Due 01/25/2026
390,000.00 12/14/2022

4.45%
373,364.06
373,559.07

94.89 4.59%
370,070.77
892.13

1.24%
(3,488.30)

NR / AAA
NR

3.07 2.75
3137BTAC5 FHLMC K060 A2

3.300% Due 10/25/2026
400,000.00 07/28/2022

3.10%
402,437.50
402,188.16

95.78 4.49%
383,139.04
1,100.00

1.28%
(19,049.12)

NR / NR
AAA

3.82 3.49
As of December 31, 2022
26 137
Holdings Report
City of Santa Paula - Account #10939
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
3137F2LJ3 FHLMC K066 A2

3.117% Due 06/25/2027
400,000.00 10/18/2022

4.72%
374,687.50
375,769.74

94.72 4.45%
378,888.32
1,039.00

1.27%
3,118.58

NR / NR
AAA

4.48 3.96
TOTAL CMO 2,617,030.28 3.84%
2,560,250.31
2,565,153.75 4.72%
2,513,213.57
5,883.91

8.42%
(51,940.18)
Aaa / AAA
AAA

2.77 2.46
Corporate
06051GHF9 Bank of America Corp Callable Note 1X 3/5/2023

3.550% Due 03/05/2024
550,000.00 06/28/2022

5.02%
548,647.00
549,054.66

99.64 5.47%
548,040.42
6,291.39

1.85%
(1,014.24)
A2 / AAA1.18

0.18 037833CU2 Apple Inc Callable Note Cont 3/11/2024

2.850% Due 05/11/2024
550,000.00 Various

3.24%
546,140.25
547,205.25

97.39 4.85%
535,664.33
2,177.09

1.80%
(11,540.92)
Aaa / AA+
NR

1.36 1.31
023135CE4 Amazon.com Inc Note

3.000% Due 04/13/2025
550,000.00 Various

3.12%
548,249.50
548,564.81

96.57 4.60%
531,117.49
3,575.00

1.79%
(17,447.32)
A1 / AA
AA2.282.16
06367WB85 Bank of Montreal Note

1.850% Due 05/01/2025
575,000.00 06/27/2022

4.01%
542,000.75
547,919.61

93.33 4.91%
536,663.41
1,772.92

1.80%
(11,256.20)
A2 / AAA2.33

2.23 06406RBF3 Bank of NY Mellon Corp Callable Note Cont 6/13/2024

3.430% Due 06/13/2025
550,000.00 Various

3.68%
548,586.00
548,828.44

97.81 4.79%
537,932.68
943.26

1.80%
(10,895.76)
A1 / A
AA2.452.31
46647PDE3 JP Morgan Chase & Co Callable Note Cont 6/14/2025

3.845% Due 06/14/2025
550,000.00 06/27/2022

4.69%
544,335.00
545,309.74

97.81 5.18%
537,955.14
1,057.38

1.80%
(7,354.60)
A1 / AAA2.45

2.32 26442UAA2 Duke Energy Progress LLC Callable Note Cont 5/15/25

3.250% Due 08/15/2025
550,000.00 06/27/2022

3.68%
543,120.00
544,239.58

96.43 4.71%
530,384.64
6,752.78

1.79%
(13,854.94)
Aa3 / A
NR

2.62 2.44
194162AM5 Colgate Palmolive Co. Note

3.100% Due 08/15/2025
160,000.00 08/01/2022

3.13%
159,852.80
159,872.17

96.96 4.34%
155,130.45
1,956.44

0.52%
(4,741.72)
Aa3 / AANR2.62

2.45 931142EW9 Wal-Mart Stores Note

3.900% Due 09/09/2025
480,000.00 Various

4.50%
472,168.00
472,853.14

98.48 4.50%
472,712.35
5,824.00

1.60%
(140.79)
Aa2 / AA
AA

2.69 2.49
92826CAD4 Visa Inc Callable Note Cont 9/14/2025

3.150% Due 12/14/2025
500,000.00 08/17/2022

3.57%
493,510.00
494,232.30

96.42 4.45%
482,094.56
743.75

1.61%
(12,137.74)
Aa3 / AANR2.96

2.77 TOTAL Corporate 5,015,000.00 3.91%
4,946,609.30
4,958,079.70 4.82%
4,867,695.47
31,094.01

16.36%
(90,384.23)
A1 / A+
AA2.252.02
As of December 31, 2022
27 138
Holdings Report
City of Santa Paula - Account #10939
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
Money Market Fund
31846V203 First American Govt Obligation Fund Class Y 69,311.87 Various

3.79%
69,311.87
69,311.87

1.00 3.79%
69,311.87

0.00 0.23%

0.00 Aaa / AAA
AAA

0.00 0.00
TOTAL Money Market Fund 69,311.87 3.79%
69,311.87
69,311.87 3.79%
69,311.87

0.00 0.23%

0.00 Aaa / AAA
AAA

0.00 0.00
Negotiable CD
06417MB53 Bank of Nova Scotia Houston Yankee CD

3.700% Due 07/31/2023
500,000.00 07/29/2022

3.70%
500,000.00
500,000.00

99.10 5.19%
495,519.00
8,016.67

1.68%
(4,481.00)
P-1 / A-1
F-1+

0.58 0.57
TOTAL Negotiable CD 500,000.00 3.70%
500,000.00
500,000.00 5.19%
495,519.00
8,016.67

1.68%
(4,481.00)
Aaa / AA
AAA

0.58 0.57
Supranational
4581X0EE4 Inter-American Dev Bank Note

3.250% Due 07/01/2024
550,000.00 Various

3.26%
549,937.50
549,953.23

97.85 4.75%
538,165.67
8,937.50

1.83%
(11,787.56)
Aaa / AAA
AAA

1.50 1.42
459058EP4 Intl. Bank Recon & Development Note

2.500% Due 07/29/2025
500,000.00 08/16/2022

3.31%
488,765.00
490,185.04

95.53 4.35%
477,633.12
5,277.78

1.61%
(12,551.92)
Aaa / AAA
AAA

2.58 2.43
TOTAL Supranational 1,050,000.00 3.28%
1,038,702.50
1,040,138.27 4.57%
1,015,798.79
14,215.28

3.44%
(24,339.48)
Aaa / AAA
AAA

2.01 1.89
US Treasury
912828ZH6 US Treasury Note

0.250% Due 04/15/2023
625,000.00 06/28/2022

2.85%
612,329.10
620,455.95

98.84 4.33%
617,724.38
334.82

2.06%
(2,731.57)
Aaa / AA+
AAA

0.29 0.28
912828ZU7 US Treasury Note

0.250% Due 06/15/2023
625,000.00 06/29/2022

2.93%
609,252.93
617,576.38

98.06 4.59%
612,890.63

72.97 2.05%
(4,685.75)
Aaa / AA+
AAA

0.45 0.45
91282CAP6 US Treasury Note

0.125% Due 10/15/2023
625,000.00 06/29/2022

3.06%
601,928.71
610,971.48

96.47 4.74%
602,954.38
167.41

2.01%
(8,017.10)
Aaa / AA+
AAA

0.79 0.77
9128285Z9 US Treasury Note

2.500% Due 01/31/2024
600,000.00 07/18/2022

3.20%
593,789.06
595,626.88

97.66 4.74%
585,937.20
6,277.17

1.98%
(9,689.68)
Aaa / AA+
AAA

1.08 1.04
912828B66 US Treasury Note

2.750% Due 02/15/2024
600,000.00 06/28/2022

3.09%
596,812.50
597,807.26

97.86 4.72%
587,156.40
6,232.34

1.98%
(10,650.86)
Aaa / AA+
AAA

1.13 1.08
91282CEG2 US Treasury Note

2.250% Due 03/31/2024
230,000.00 07/18/2022

3.21%
226,370.31
227,340.57

97.05 4.71%
223,225.81
1,322.18

0.75%
(4,114.76)
Aaa / AA+
AAA

1.25 1.20
91282CBV2 US Treasury Note

0.375% Due 04/15/2024
625,000.00 06/27/2022

3.13%
595,166.02
603,657.58

94.66 4.69%
591,650.63
502.23

1.98%
(12,006.95)
Aaa / AA+
AAA

1.29 1.26
As of December 31, 2022
28 139
Holdings Report
City of Santa Paula - Account #10939
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
912828WJ5 US Treasury Note

2.500% Due 05/15/2024
600,000.00 06/28/2022

3.13%
593,156.25
595,011.84

97.10 4.71%
582,586.20
1,947.51

1.95%
(12,425.64)
Aaa / AA+
AAA

1.37 1.32
912828XX3 US Treasury Note

2.000% Due 06/30/2024
500,000.00 07/25/2022

3.01%
490,566.41
492,693.99

96.21 4.64%
481,054.50

27.62 1.61%
(11,639.49)
Aaa / AA+
AAA

1.50 1.45
91282CCL3 US Treasury Note

0.375% Due 07/15/2024
650,000.00 06/28/2022

3.14%
614,656.25
623,456.70

93.71 4.65%
609,146.20
1,126.02

2.04%
(14,310.50)
Aaa / AA+
AAA

1.54 1.50
91282CCT6 US Treasury Note

0.375% Due 08/15/2024
625,000.00 06/27/2022

3.16%
589,331.05
597,893.43

93.46 4.60%
584,106.25
885.28

1.95%
(13,787.18)
Aaa / AA+
AAA

1.62 1.58
91282CCX7 US Treasury Note

0.375% Due 09/15/2024
650,000.00 06/28/2022

3.19%
611,203.13
620,123.05

93.25 4.53%
606,150.35
727.21

2.03%
(13,972.70)
Aaa / AA+
AAA

1.71 1.66
91282CDB4 US Treasury Note

0.625% Due 10/15/2024
625,000.00 06/27/2022

3.18%
589,843.75
597,670.20

93.44 4.48%
584,008.75
837.05

1.95%
(13,661.45)
Aaa / AA+
AAA

1.79 1.74
912828G38 US Treasury Note

2.250% Due 11/15/2024
625,000.00 06/29/2022

3.16%
612,060.55
614,815.21

96.09 4.45%
600,586.25
1,825.79

2.01%
(14,228.96)
Aaa / AA+
AAA

1.88 1.80
91282CDN8 US Treasury Note

1.000% Due 12/15/2024
650,000.00 06/29/2022

3.18%
616,712.89
623,562.85

93.65 4.42%
608,739.95
303.57

2.03%
(14,822.90)
Aaa / AA+
AAA

1.96 1.90
912828J27 US Treasury Note

2.000% Due 02/15/2025
600,000.00 06/27/2022

3.22%
581,648.44
585,212.03

95.21 4.39%
571,242.00
4,532.61

1.92%
(13,970.03)
Aaa / AA+
AAA

2.13 2.03
91282CED9 US Treasury Note

1.750% Due 03/15/2025
600,000.00 06/02/2022

2.84%
582,656.25
586,275.22

94.56 4.36%
567,375.00
3,132.60

1.91%
(18,900.22)
Aaa / AA+
AAA

2.21 2.11
91282CEH0 US Treasury Note

2.625% Due 04/15/2025
900,000.00 Various

3.11%
888,492.19
890,543.36

96.31 4.33%
866,812.50
5,062.50

2.91%
(23,730.86)
Aaa / AA+
AAA

2.29 2.18
912828XB1 US Treasury Note

2.125% Due 05/15/2025
600,000.00 06/02/2022

2.83%
588,070.31
590,418.59

95.10 4.32%
570,586.20
1,655.39

1.91%
(19,832.39)
Aaa / AA+
AAA

2.37 2.27
91282CAB7 US Treasury Note

0.250% Due 07/31/2025
650,000.00 06/02/2022

2.87%
598,812.50
608,216.10

90.31 4.25%
587,005.90
680.03

1.96%
(21,210.20)
Aaa / AA+
AAA

2.58 2.52
91282CFW6 US Treasury Note

4.500% Due 11/15/2025
600,000.00 11/09/2022

4.55%
599,156.25
599,192.43
100.69

4.24%
604,125.00
3,505.52

2.03%
4,932.57
Aaa / AA+
AAA

2.88 2.66
91282CGA3 US Treasury Note

4.000% Due 12/15/2025
335,000.00 12/14/2022

3.92%
335,758.98
335,747.21

99.45 4.20%
333,167.89
625.82

1.12%
(2,579.32)
Aaa / AA+
AAA

2.96 2.75
912828U24 US Treasury Note

2.000% Due 11/15/2026
270,000.00 10/24/2022

4.43%
245,921.48
247,026.30

92.58 4.09%
249,971.40
701.10

0.84%
2,945.10
Aaa / AA+
AAA

3.88 3.66
TOTAL US Treasury 13,410,000.00 3.19%
12,973,695.31
13,081,294.61 4.49%
12,828,203.77
42,484.74

43.00%
(253,090.84)
Aaa / AA+
AAA

1.72 1.65
TOTAL PORTFOLIO 30,957,367.27 3.41%
30,190,949.12
30,365,494.37 4.67%
29,801,374.18
133,415.15
100.00%
(564,120.19)
Aa1 / AA+
AAA

1.95 1.67
TOTAL MARKET VALUE PLUS ACCRUALS 29,934,789.33
As of December 31, 2022
29 140
SECTION | Section 4 | Transactions
30 141
Transaction Ledger
City of Santa Paula - Account #10939
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 10/19/2022 47800BAC2 170,000.00 John Deere Owner Trust 2022-C A3

5.09% Due: 06/15/2027

99.992 5.15% 169,986.81 0.00 169,986.81 0.00
Purchase 10/21/2022 3137F2LJ3 400,000.00 FHLMC K066 A2

3.117% Due: 06/25/2027

93.672 4.72% 374,687.50 692.67 375,380.17 0.00
Purchase 10/25/2022 912828U24 270,000.00 US Treasury Note 2% Due: 11/15/2026

91.082 4.43% 245,921.48 2,391.85 248,313.33 0.00
Purchase 10/26/2022 362585AC5 250,000.00 GM Financial Securitized ART 2022-2 A3

3.1% Due: 02/16/2027

96.625 4.92% 241,562.50 215.28 241,777.78 0.00
Purchase 11/15/2022 91282CFW6 600,000.00 US Treasury Note

4.5% Due: 11/15/2025

99.859 4.55% 599,156.25 0.00 599,156.25 0.00
Purchase 12/15/2022 91282CGA3 335,000.00 US Treasury Note 4% Due: 12/15/2025
100.227 3.92% 335,758.98 0.00 335,758.98 0.00
Purchase 12/19/2022 3137BNGT5 390,000.00 FHLMC K054 A2

2.745% Due: 01/25/2026

95.734 4.45% 373,364.06 535.28 373,899.34 0.00
Subtotal 2,415,000.00 2,340,437.58 3,835.08 2,344,272.66 0.00 TOTAL ACQUISITIONS 2,415,000.00 2,340,437.58 3,835.08 2,344,272.66 0.00

DISPOSITIONS
Sale 10/19/2022 912828TY6 600,000.00 US Treasury Note

1.625% Due: 11/15/2022

99.863 1.63% 599,179.69 4,159.65 603,339.34 -820.31
Sale 11/10/2022 912828UN8 600,000.00 US Treasury Note
2% Due: 02/15/2023

99.430 2.91% 596,578.13 2,836.96 599,415.09 -2,003.79
Subtotal 1,200,000.00 1,195,757.82 6,996.61 1,202,754.43 -2,824.10 Maturity 10/20/2022 78012UW43 375,000.00 Royal Bank of Canada Yankee CD

0.27% Due: 10/20/2022
100.000 375,000.00 1,023.75 376,023.75 0.00
September 30, 2022 through December 31, 2022
As of December 31, 2022
31 142
Transaction Ledger
City of Santa Paula - Account #10939
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss Maturity 12/08/2022 912796X61 600,000.00 US Treasury Bill

1.722% Due: 12/08/2022
100.000 600,000.00 0.00 600,000.00 0.00
Subtotal 975,000.00 975,000.00 1,023.75 976,023.75 0.00 TOTAL DISPOSITIONS 2,175,000.00 2,170,757.82 8,020.36 2,178,778.18 -2,824.10 September 30, 2022 through December 31, 2022
As of December 31, 2022
32 143
Important Disclosures
2022 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.

Information contained herein is confidential. Prices are provided by ICE Data Services Inc (“IDS”), an independent pricing source. In the event IDS does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.

Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.

Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index.

Source ICE Data Indices, LLC ("ICE"), used with permission. ICE permits use of the ICE indices and related data on an "as is" basis; ICE, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE data, its affiliates or their respective third party providers guarantee the quality, adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an "as is" basis and licensee's use it at licensee's own risk. ICE data, its affiliates and their respective third party do not sponsor, endorse, or recommend chandler asset management, or any of its products or services.

This report is provided for informational purposes only and should not be construed as a specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of publication, but may become outdated or superseded at any time without notice. Any opinions or views expressed are based on current market conditions and are subject to change. This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied upon as indicator of future results. Past performance is not indicative of future results. This report is not intended to constitute an offer, solicitation, recommendation or advice regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment.

Fixed income investments are subject to interest, credit and market risk. Interest rate risk: the value of fixed income investments will decline as interest rates rise. Credit risk: the possibility that the borrower may not be able to repay interest and principal. Low rated bonds generally have to pay higher interest rates to attract investors willing to take on greater risk. Market risk: the bond market in general could decline due to economic conditions, especially during periods of rising interest rates.

Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody’s and Fitch respectively.

As of December 31, 2022
33 144
Benchmark Disclosures
ICE BofA 1-3 Yr US Treasury & Agency Index
The ICE BofA 1-3 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than three years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies.

As of December 31, 2022
34 145
Exhibit F
----------------------- --------------------------

QTRLY INTEREST

SUMMARY OF CASH AND INVESTMENTS TOTAL EARNED
----------------------- --------------------------
Bank of the Sierra Checking Account $2,884,025.17 -
Petty Cash $4,100.00 -
Treasurer's Imprest Account - Bank of the Sierra $1,500.00 - Community Center Mastercard $2,495.98 -

INVESTMENTS
State of California-LAIF $48,227,319.86 $27,775.51
Passbook Accounts $312,953.01 $39.44
Fiscal Agent Investments $66,809,667.46 $269.29
Total Investments $115,349,940.33 $28,084.24
----------------------------------------------------------------------------------------- --------------- -------------------------- ----------------------- -------------------------- Grand Total $118,242,061.48 $28,084.24
================================================== ======== =============== ============= ============== All investments of the City are in compliance with the Statement of Investment Policy.

Maturities and cash availability will meet the City's budgeted expenditures for the next six months.

POOLED CASH INVESTMENTS

STATE OF CALIFORNIA LOCAL AGENCY INVESTMENT FUND (LAIF) ------------------------------------------------------------------------------------------------------------------------------------- ----------------------- -------------------------- ----------------------- -------------------------- DESCRIPTION MATURITY 09/30 INTEREST INVESTED MARKET TOTAL QTRLY INTEREST

SPECIFIC CASH INVESTMENTS

PASSBOOK
------------------------------------------------------------------------------------------------------------------------------------- ----------------------- -------------------------- ----------------------- -------------------------- DESCRIPTION 09/30 INTEREST INVESTED MARKET TOTAL QTRLY INTEREST

RATE AMOUNT VALUE INVESTED EARNED
------------------------------------------------------------------------------------------------------------------------------------- ----------------------- -------------------------- ----------------------- -------------------------- Bank of the Sierra CD 0.05% $312,953.01 $312,953.01 $312,953.01 $39.44 ------------------------------------------------------------------------------------------------------------------------------------- ----------------------- -------------------------- ----------------------- -------------------------- TOTAL PASSBOOK ACCOUNTS $312,953.01 $312,953.01 $312,953.01 $39.44 ========================================================================== ============= ============== ============= ==============

CASH WITH FISCAL AGENT - INVESTMENTS
------------------------------------------------------------------------------------------------------------------------------------- ----------------------- -------------------------- ----------------------- -------------------------- -------------------------- DESCRIPTION 09/30 INTEREST INVESTED MARKET TOTAL PAR QTRLY INTEREST

RATE AMOUNT VALUE INVESTED VALUE EARNED
------------------------------------------------------------------------------------------------------------------------------------- ----------------------- -------------------------- ----------------------- -------------------------- -------------------------- SANTA PAULA REDEVELOPMENT AGY-RDA BOND SERIES 1994
US Bank-DLA Fiscal Agent-Interest Acct 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 US Bank-First American Treasury Oblig None 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$5,900,000 SANTA PAULA UTILITY AUTHORITY WASTEWATER ENTERPRISE REVENUE BONDS, 2010A SERIES The Bank of New York Mellon-Wastewater Interest Fund 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 The Bank of New York Mellon-Wastewater Project Fund 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$6,130,000 SANTA PAULA UTILITY AUTHORITY WASTEWATER ENTERPIRSE REVENUE BONDS, 2010B SERIES (TAXABLE) The Bank of New York Mellon-Wastewater Reserve Acct 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 The Bank of New York Mellon-Wastewater Bond Acct 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 The Bank of New York Mellon-Wastewater Project Fund 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$55,715,000 SANTA PAULA UTILITY AUTHORITY WATER ENTERPRISE REVENUE BONDS, 2010 SERIES The Bank of New York Mellon-Water Reserve Acct 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 The Bank of New York Mellon-Water Project Fund 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 The Bank of New York Mellon-Water Bond Fund 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 The Bank of New York Mellon-Water Interest Acct 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
FOR THE COUNCIL MEETING OF MARCH 1, 2023

CITY OF SANTA PAULA

TREASURER'S REPORT OF INVESTMENTS
FOR THE QUARTER ENDED SEPTEMBER 30, 2021

CITY OF SANTA PAULA

TREASURER'S REPORT OF INVESTMENTS
FOR THE QUARTER ENDED SEPTEMBER 30, 2021
146
$67,195,000 SANTA PAULA UTILITY AUTHORITY 2015 WASTEWATER ENTERPRISE REVENUE BONDS The Bank of New York Mellon-Wastewater 2015 Bond Fund 0.00% $0.30 $0.30 $0.30 $0.30 - The Bank of New York Mellon-Wastewater 2015 Interest Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-Wastewater Reserve Acct 0.00% $25.27 $25.27 $25.27 $25.27 - $25.57
$37,165,000 SANTA PAULA UTILITY AUTHORITY 2019 WATER REVENUE BONDS The Bank of New York Mellon-Water 2019 Project Fund 0.03% $3,028,386.95 $3,028,386.95 $3,028,386.95 $3,028,386.95 229.61 The Bank of New York Mellon-Water 2019 Bond Fund 0.00% $3.95 $3.95 $3.95 $3.95 - The Bank of New York Mellon-Water 2019 COI Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-Water 2019 Escrow Fund 0.00% $0.00 $0.00 $0.00 $0.00 - $3,028,390.90
$19,380,000 HARVEST COMMUNITY FACILTIES DISTRICT NO. 1 IMPROVEMENT AREA A The Bank of New York Mellon-CFD 2020 Bond Fund 0.00% $0.13 $0.13 $0.13 $0.13 - The Bank of New York Mellon-CFD 2020 COI Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-CFD 2020 Improvement Fund 0.00% $200.17 $200.17 $200.17 $200.17 - The Bank of New York Mellon-CFD 2020 Reserve Fund 0.01% $1,537,599.82 $1,537,599.82 $1,537,599.82 $1,537,599.82 39.68 $1,537,800.12
SANTA PAULA UTILITY AUTHORITY REVENUE BONDS $3,765,000 SERIES A AND $65,360,000 SERIES B The Bank of New York Mellon-UA 2020 COI Fund 0.00% $1,633.27 $1,633.27 $1,633.27 $1,633.27 - The Bank of New York Mellon-UA 2020 Principal Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-UA 2020 Principal Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-UA 2020 COI Fund 0.00% $7,775.18 $7,775.18 $7,775.18 $7,775.18 - The Bank of New York Mellon-UA 2020 Escrow Fund 0.25% $62,234,042.42 $62,234,042.42 $62,234,042.42 $62,234,042.42 - $62,243,450.87
------------------------------------------------------------------------------------------------------------------------------------- ----------------------- -------------------------- ----------------------- -------------------------- -------------------------- TOTAL FISCAL AGENT INVESTMENTS $66,809,667.46 $66,809,667.46 $66,809,667.46 $66,809,667.46 $269.29 ========================================================================== ============= ============== ============= ============== ============== GRAND TOTAL INVESTMENTS $115,349,940.33 $28,084.24
147
Exhibit F
----------------------- --------------------------

QTRLY INTEREST

SUMMARY OF CASH AND INVESTMENTS TOTAL EARNED
----------------------- --------------------------
Bank of the Sierra Checking Account $3,939,082.32 -
Petty Cash $4,100.00 -
Treasurer's Imprest Account - Bank of the Sierra $1,500.00 - Community Center Mastercard $2,192.66 -

INVESTMENTS
State of California-LAIF $52,255,095.37 $27,968.08
Passbook Accounts $312,992.03 $39.02
Fiscal Agent Investments $66,809,932.28 $269.29
Total Investments $119,378,019.68 $28,276.39
----------------------------------------------------------------------------------------- --------------- -------------------------- ----------------------- -------------------------- Grand Total $123,324,894.66 $28,276.39
================================================== ======== =============== ============= ============== All investments of the City are in compliance with the Statement of Investment Policy.

Maturities and cash availability will meet the City's budgeted expenditures for the next six months.

POOLED CASH INVESTMENTS

STATE OF CALIFORNIA LOCAL AGENCY INVESTMENT FUND (LAIF) ------------------------------------------------------------------------------------------------------------------------------------- ----------------------- -------------------------- ----------------------- -------------------------- DESCRIPTION MATURITY 12/31 INTEREST INVESTED MARKET TOTAL QTRLY INTEREST

SPECIFIC CASH INVESTMENTS

PASSBOOK
------------------------------------------------------------------------------------------------------------------------------------- ----------------------- -------------------------- ----------------------- -------------------------- DESCRIPTION 12/31 INTEREST INVESTED MARKET TOTAL QTRLY INTEREST

RATE AMOUNT VALUE INVESTED EARNED
------------------------------------------------------------------------------------------------------------------------------------- ----------------------- -------------------------- ----------------------- -------------------------- Bank of the Sierra CD 0.05% $312,992.03 $312,992.03 $312,992.03 $39.02 ------------------------------------------------------------------------------------------------------------------------------------- ----------------------- -------------------------- ----------------------- -------------------------- TOTAL PASSBOOK ACCOUNTS $312,992.03 $312,992.03 $312,992.03 $39.02 ========================================================================== ============= ============== ============= ==============

CASH WITH FISCAL AGENT - INVESTMENTS
------------------------------------------------------------------------------------------------------------------------------------- ----------------------- -------------------------- ----------------------- -------------------------- -------------------------- DESCRIPTION 12/31 INTEREST INVESTED MARKET TOTAL PAR QTRLY INTEREST

CITY OF SANTA PAULA

TREASURER'S REPORT OF INVESTMENTS
FOR THE QUARTER ENDED DECEMBER 31, 2021

CITY OF SANTA PAULA

TREASURER'S REPORT OF INVESTMENTS
FOR THE QUARTER ENDED DECEMBER 31, 2021
148
$67,195,000 SANTA PAULA UTILITY AUTHORITY 2015 WASTEWATER ENTERPRISE REVENUE BONDS The Bank of New York Mellon-Wastewater 2015 Bond Fund 0.00% $0.30 $0.30 $0.30 $0.30 - The Bank of New York Mellon-Wastewater 2015 Interest Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-Wastewater Reserve Acct 0.00% $25.27 $25.27 $25.27 $25.27 - $25.57
$37,165,000 SANTA PAULA UTILITY AUTHORITY 2019 WATER REVENUE BONDS The Bank of New York Mellon-Water 2019 Project Fund 0.03% $3,028,613.54 $3,028,613.54 $3,028,613.54 $3,028,613.54 229.61 The Bank of New York Mellon-Water 2019 Bond Fund 0.00% $3.95 $3.95 $3.95 $3.95 - The Bank of New York Mellon-Water 2019 COI Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-Water 2019 Escrow Fund 0.00% $0.00 $0.00 $0.00 $0.00 - $3,028,617.49
$19,380,000 HARVEST COMMUNITY FACILTIES DISTRICT NO. 1 IMPROVEMENT AREA A The Bank of New York Mellon-CFD 2020 Bond Fund 0.00% $0.13 $0.13 $0.13 $0.13 - The Bank of New York Mellon-CFD 2020 COI Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-CFD 2020 Improvement Fund 0.00% $200.17 $200.17 $200.17 $200.17 - The Bank of New York Mellon-CFD 2020 Reserve Fund 0.01% $1,537,638.05 $1,537,638.05 $1,537,638.05 $1,537,638.05 39.68 $1,537,838.35
SANTA PAULA UTILITY AUTHORITY REVENUE BONDS $3,765,000 SERIES A AND $65,360,000 SERIES B The Bank of New York Mellon-UA 2020 COI Fund 0.00% $1,633.27 $1,633.27 $1,633.27 $1,633.27 - The Bank of New York Mellon-UA 2020 Principal Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-UA 2020 Principal Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-UA 2020 COI Fund 0.00% $7,775.18 $7,775.18 $7,775.18 $7,775.18 - The Bank of New York Mellon-UA 2020 Escrow Fund 0.25% $62,234,042.42 $62,234,042.42 $62,234,042.42 $62,234,042.42 - $62,243,450.87
------------------------------------------------------------------------------------------------------------------------------------- ----------------------- -------------------------- ----------------------- -------------------------- -------------------------- TOTAL FISCAL AGENT INVESTMENTS $66,809,932.28 $66,809,932.28 $66,809,932.28 $66,809,932.28 $269.29 ========================================================================== ============= ============== ============= ============== ============== GRAND TOTAL INVESTMENTS $119,378,019.68 $28,276.39
149
Exhibit F
----------------------- --------------------------

QTRLY INTEREST

SUMMARY OF CASH AND INVESTMENTS TOTAL EARNED
----------------------- --------------------------
Bank of the Sierra Checking Account $5,113,928.39 -
Petty Cash $4,100.00 -
Treasurer's Imprest Account - Bank of the Sierra $1,500.00 - Community Center Mastercard $1,824.34 -

INVESTMENTS
State of California-LAIF $52,783,063.45 $41,936.20
Passbook Accounts $313,030.62 $38.59
Fiscal Agent Investments $65,554,311.55 $269.29
Total Investments $118,650,405.62 $42,244.08
----------------------------------------------------------------------------------------- --------------- -------------------------- ----------------------- -------------------------- Grand Total $123,771,758.35 $42,244.08
================================================== ======== =============== ============= ============== All investments of the City are in compliance with the Statement of Investment Policy.

Maturities and cash availability will meet the City's budgeted expenditures for the next six months.

POOLED CASH INVESTMENTS

SPECIFIC CASH INVESTMENTS

RATE AMOUNT VALUE INVESTED EARNED
------------------------------------------------------------------------------------------------------------------------------------- ----------------------- -------------------------- ----------------------- -------------------------- Bank of the Sierra CD 0.05% $313,030.62 $313,030.62 $313,030.62 $38.59 ------------------------------------------------------------------------------------------------------------------------------------- ----------------------- -------------------------- ----------------------- -------------------------- TOTAL PASSBOOK ACCOUNTS $313,030.62 $313,030.62 $313,030.62 $38.59 ========================================================================== ============= ============== ============= ==============

CASH WITH FISCAL AGENT - INVESTMENTS
------------------------------------------------------------------------------------------------------------------------------------- ----------------------- -------------------------- ----------------------- -------------------------- -------------------------- DESCRIPTION 03/31 INTEREST INVESTED MARKET TOTAL PAR QTRLY INTEREST

CITY OF SANTA PAULA

TREASURER'S REPORT OF INVESTMENTS
FOR THE QUARTER ENDED MARCH 31, 2022
FOR THE COUNCIL MEETING OF MARCH 1, 2023

CITY OF SANTA PAULA

TREASURER'S REPORT OF INVESTMENTS
FOR THE QUARTER ENDED MARCH 31, 2022
150
$67,195,000 SANTA PAULA UTILITY AUTHORITY 2015 WASTEWATER ENTERPRISE REVENUE BONDS The Bank of New York Mellon-Wastewater 2015 Bond Fund 0.00% $3.60 $3.60 $3.60 $3.60 - The Bank of New York Mellon-Wastewater 2015 Interest Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-Wastewater Reserve Acct 0.00% $25.27 $25.27 $25.27 $25.27 - $28.87
$37,165,000 SANTA PAULA UTILITY AUTHORITY 2019 WATER REVENUE BONDS The Bank of New York Mellon-Water 2019 Project Fund 0.03% $3,028,837.64 $3,028,837.64 $3,028,837.64 $3,028,837.64 229.61 The Bank of New York Mellon-Water 2019 Bond Fund 0.00% $1.91 $1.91 $1.91 $1.91 - The Bank of New York Mellon-Water 2019 COI Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-Water 2019 Escrow Fund 0.00% $0.00 $0.00 $0.00 $0.00 - $3,028,839.55
$19,380,000 HARVEST COMMUNITY FACILTIES DISTRICT NO. 1 IMPROVEMENT AREA A The Bank of New York Mellon-CFD 2020 Bond Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-CFD 2020 COI Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-CFD 2020 Improvement Fund 0.00% $277.47 $277.47 $277.47 $277.47 - The Bank of New York Mellon-CFD 2020 Reserve Fund 0.01% $1,537,598.57 $1,537,598.57 $1,537,598.57 $1,537,598.57 39.68 $1,537,876.04
SANTA PAULA UTILITY AUTHORITY REVENUE BONDS $3,765,000 SERIES A AND $65,360,000 SERIES B The Bank of New York Mellon-UA 2020 COI Fund 0.00% $1,633.27 $1,633.27 $1,633.27 $1,633.27 - The Bank of New York Mellon-UA 2020 Principal Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-UA 2020 Principal Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-UA 2020 COI Fund 0.00% $7,775.18 $7,775.18 $7,775.18 $7,775.18 - The Bank of New York Mellon-UA 2020 Escrow Fund 0.25% $60,978,158.64 $60,978,158.64 $60,978,158.64 $60,978,158.64 - $60,987,567.09
------------------------------------------------------------------------------------------------------------------------------------- ----------------------- -------------------------- ----------------------- -------------------------- -------------------------- TOTAL FISCAL AGENT INVESTMENTS $65,554,311.55 $65,554,311.55 $65,554,311.55 $65,554,311.55 $269.29 ========================================================================== ============= ============== ============= ============== ============== GRAND TOTAL INVESTMENTS $118,650,405.62 $42,244.08
151
Exhibit F
------------------------------------ --------------------------

QTRLY INTEREST

SUMMARY OF CASH AND INVESTMENTS TOTAL EARNED
------------------------------------ -------------------------- Bank of the Sierra Checking Account $3,233,520.52 -
Petty Cash $4,100.00 -
Treasurer's Imprest Account - Bank of the Sierra $1,500.00 - Community Center Mastercard $1,496.02 -

INVESTMENTS
State of California-LAIF $32,324,999.65 $81,306.69
Chandler Asset Management $29,946,245.00 $81,306.69
Passbook Accounts $313,070.07 $39.45
Fiscal Agent Investments $65,554,964.54 $269.29
Total Investments $128,139,279.26 $162,922.12
------------------------------------------------------------------------------------------- --------------- ----------------------------- ------------------------------------ -------------------------- Grand Total $131,379,895.80 $162,922.12
==================================================== ======== ================ ==================== =============== All investments of the City are in compliance with the Statement of Investment Policy.

Maturities and cash availability will meet the City's budgeted expenditures for the next six months.

POOLED CASH INVESTMENTS

STATE OF CALIFORNIA LOCAL AGENCY INVESTMENT FUND (LAIF) ------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------ -------------------------- ------------------------ --------------------------- DESCRIPTION MATURITY 06/30 INTEREST INVESTED MARKET TOTAL QTRLY INTEREST

DATE RATE AMOUNT VALUE INVESTED EARNED
------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------ -------------------------- ------------------------ --------------------------- CITY ACCOUNT 0.75% $32,324,999.65 $32,324,999.65 $32,324,999.65 $81,306.69 ------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------ -------------------------- ------------------------ --------------------------- TOTAL LAIF ACCOUNTS $32,324,999.65 $32,324,999.65 $32,324,999.65 $81,306.69 ============================================================================== ==================== =============== ============= =============== CHANDLER ASSET MANAGEMENT*
* For more information, please see attached report.
------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------ -------------------------- ------------------------ --------------------------- DESCRIPTION MATURITY 06/30 INTEREST INVESTED BOOK VALUE MARKET TOTAL QTRLY INTEREST

SPECIFIC CASH INVESTMENTS

PASSBOOK
------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------ -------------------------- ------------------------ --------------------------- DESCRIPTION 06/30 INTEREST INVESTED MARKET TOTAL QTRLY INTEREST

RATE AMOUNT VALUE INVESTED EARNED
------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------ -------------------------- ------------------------ --------------------------- Bank of the Sierra CD 0.05% $313,070.07 $313,070.07 $313,070.07 $39.45 ------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------ -------------------------- ------------------------ --------------------------- TOTAL PASSBOOK ACCOUNTS $313,070.07 $313,070.07 $313,070.07 $39.45 ============================================================================== ==================== =============== ============= ===============

CASH WITH FISCAL AGENT - INVESTMENTS
------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------ -------------------------- ------------------------ --------------------------- --------------------------- DESCRIPTION 06/30 INTEREST INVESTED MARKET TOTAL PAR QTRLY INTEREST

CITY OF SANTA PAULA

TREASURER'S REPORT OF INVESTMENTS
FOR THE QUARTER ENDED JUNE 30, 2022
FOR THE COUNCIL MEETING OF MARCH 1, 2023

CITY OF SANTA PAULA

TREASURER'S REPORT OF INVESTMENTS
FOR THE QUARTER ENDED JUNE 30, 2022
152
The Bank of New York Mellon-Wastewater Project Fund 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$55,715,000 SANTA PAULA UTILITY AUTHORITY WATER ENTERPRISE REVENUE BONDS, 2010 SERIES The Bank of New York Mellon-Water Reserve Acct 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 The Bank of New York Mellon-Water Project Fund 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 The Bank of New York Mellon-Water Bond Fund 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 The Bank of New York Mellon-Water Interest Acct 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$67,195,000 SANTA PAULA UTILITY AUTHORITY 2015 WASTEWATER ENTERPRISE REVENUE BONDS The Bank of New York Mellon-Wastewater 2015 Bond Fund 0.00% $3.60 $3.60 $3.60 $3.60 - The Bank of New York Mellon-Wastewater 2015 Interest Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-Wastewater Reserve Acct 0.00% $25.27 $25.27 $25.27 $25.27 - $28.87
$37,165,000 SANTA PAULA UTILITY AUTHORITY 2019 WATER REVENUE BONDS The Bank of New York Mellon-Water 2019 Project Fund 0.03% $3,028,958.43 $3,028,958.43 $3,028,958.43 $3,028,958.43 229.61 The Bank of New York Mellon-Water 2019 Bond Fund 0.00% $1.91 $1.91 $1.91 $1.91 - The Bank of New York Mellon-Water 2019 COI Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-Water 2019 Escrow Fund 0.00% $0.00 $0.00 $0.00 $0.00 - $3,028,960.34
$19,380,000 HARVEST COMMUNITY FACILTIES DISTRICT NO. 1 IMPROVEMENT AREA A The Bank of New York Mellon-CFD 2020 Bond Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-CFD 2020 COI Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-CFD 2020 Improvement Fund 0.00% $277.53 $277.53 $277.53 $277.53 - The Bank of New York Mellon-CFD 2020 Reserve Fund 0.01% $1,538,130.71 $1,538,130.71 $1,538,130.71 $1,538,130.71 39.68 $1,538,408.24
SANTA PAULA UTILITY AUTHORITY REVENUE BONDS $3,765,000 SERIES A AND $65,360,000 SERIES B The Bank of New York Mellon-UA 2020 COI Fund 0.00% $1,633.27 $1,633.27 $1,633.27 $1,633.27 - The Bank of New York Mellon-UA 2020 Principal Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-UA 2020 Principal Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-UA 2020 COI Fund 0.00% $7,775.18 $7,775.18 $7,775.18 $7,775.18 - The Bank of New York Mellon-UA 2020 Escrow Fund 0.25% $60,978,158.64 $60,978,158.64 $60,978,158.64 $60,978,158.64 - $60,987,567.09
------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------ -------------------------- ------------------------ --------------------------- --------------------------- TOTAL FISCAL AGENT INVESTMENTS $65,554,964.54 $65,554,964.54 $65,554,964.54 $65,554,964.54 $269.29 ============================================================================== ==================== =============== ============= =============== =============== GRAND TOTAL INVESTMENTS $128,139,279.26 $81,615.43
153

MONTHLY ACCOUNT STATEMENT
City of Santa Paula - Account #10939
JUNE 1, 2022 THROUGH JUNE 30, 2022
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures.

CHANDLER ASSET MANAGEMENT
chandlerasset.com
Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian
US Bank
Alex Bazan
(503) 464-3685
154

ACCOUNT SUMMARY
Beg. Values
as of 5/31/22
End Values
as of 6/30/22
Market Value 30,000,000 29,983,186
Accrued Interest 0 71,619
Total Market Value 30,000,000 30,054,805
Income Earned 0 17,949
Cont/WD -85
Par 30,000,000 30,547,375
Book Value 30,000,000 29,946,245
Cost Value 30,000,000 29,939,677

TOP ISSUERS
Government of United States 40.0%
First American Govt Oblig Fund 23.4%
Federal Home Loan Bank 7.4%
Federal Home Loan Mortgage Corp 6.6%
Federal National Mortgage Assoc 2.7%
Bank of America Corp 1.8%
Duke Energy Field Services 1.8%
Apple Inc 1.8%
Total 85.6%

PORTFOLIO CHARACTERISTICS
Average Modified Duration 1.40
Average Coupon 1.52%
Average Purchase YTM 2.55%
Average Market YTM 2.51%
Average S&P/Moody Rating AA+/Aa1
Average Final Maturity 1.55 yrs
Average Life 1.44 yrs

SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (S&P) Portfolio Summary
As of June 30, 2022
City of Santa Paula
Account #10939

PERFORMANCE REVIEW
Annualized
TOTAL RATE OF RETURN 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Chandler Asset Management - CONFIDENTIAL Page 1 Execution Time: 7/4/2022 2:20:58 AM 155
Category Standard Comment
U.S. Treasuries No limitation; U.S. Treasury bills, notes, & bonds, or certificates of indebtedness, or those for which the full faith and credit of the U.S. Government are pledged for the payment of principal and interest Complies Federal Agencies
30% max per Agency/GSE issuer; 20% max callable agency securities; Federal agencies or U.S. government-sponsored enterprise obligations, participations, or other instruments, including those issued or fully guaranteed as to principal and interest by federal agencies or U.S. government sponsored enterprises.

Complies
Corporate Medium Term Notes
"AA" rating category or higher by a NRSRO; and "A" issuer rated or higher by a NRSRO; 30% max; 5% max per issuer; Issues by corporations organized and operating within the U.S. or by depository institutions licensed by the U.S. or any state and operating within the U.S
Complies
Asset-Backed, Mortgage-Backed,
Mortgage Pass-Through Securities, and
Collateralized Mortgage Obligations
"AA" rating category or higher by a NRSRO; 20% max (combined ABS/MBS/CMO); 5% max per issuer (except for Federal Agency securities); Any mortgage pass-through security, collateralized mortgage obligation, mortgage-backed or other paythrough bond, equipment leaseback certificate, consumer receivable pass-through certificate, or consumer receivablebacked bond Complies
Negotiable Certificates of Deposit (NCD)
Negotiable CDs issued with maturities in excess of one year must be rated in a rating category of “A”, the equivalent or higher by a NRSRO. Negotiable CDs with maturities under one year must be rated in a rating category of “A-1,” the equivalent, or higher by a NRSRO; 30% max (combined with CDARS); 5% max per issuer; Issued by a nationally or statechartered bank, or a state or federal savings and loan association, a state or federal credit union, or by a federally- or statelicensed branch of a foreign bank. Complies Certificate of Deposit Placement Service
(CDARS) 30% max (combination with Negotiable CDs) Complies Non-Negotiable Certificates of Deposit
(CD)
20% max; 5% max per issuer; FDIC insured or Collateralized; Non-negotiable deposits in a state or national bank, savings association or federal association, federal or state credit union in the State of California as authorized by CGC Complies Banker’s Acceptances Highest short-term rating category by a NRSRO for issuing financial institutions; 40% max; 5% max per issuer; 180 days max maturity
Complies
Commercial Paper
"Prime" quality of the highest rating by a NRSRO; 25% max; 5% max per issuer; 270 days maturity; 10% max of the outstanding commercial paper of any single issuer; Issued by an entity that meets all of the following conditions in either (1) or (2):

1. (a) organized and operating in the U.S. as a general corporation (b) has assets > $500 million; (c) "A" rating category or higher by a NRSRO, if any debt

2. (a) organized within the U.S. as a special purpose corporation, trust, or limited liability company; (b) has program-wide credit enhancements including, but not limited to, overcollateralization, letters of credit, or a surety bond; (c) "A-1" rating category or higher by a NRSRO.

Complies
Statement of Compliance
As of June 30, 2022
City of Santa Paula
This portfolio is a consolidation of assets managed by Chandler Asset Management and assets managed internally by Client. Chandler relies on Client to provide accurate information for reporting assets and producing this compliance statement.
156
Money Market and Mutual Funds
Highest rating by two NRSROs; 20% max in Money Market or Mutual Funds; 20% per fund; Issued by diversified management companies; Registered with SEC under Investment Company Act of 1940; Money market or mutual funds intended to maintain constant net asset value and that invest solely in U.S. Treasuries and Federal Agency obligations and repurchase agreements invested in such obligations
Does not Comply*
Local Agency Investment Fund (LAIF) California State Treasurer's Local Agency Investment Fund (LAIF) as authorized by Gov. Code Section 16429.1(b). Complies Local Government Investment Pool
(LGIP)/ Other Pools/ Joint Powers
Authority
Shares of beneficial interest issued by a joint powers authority organized in the State of California pursuant to Gov. Code Section 53601 subdivisions (a) to (q), inclusive. Each share shall represent an equal proportional interest in the underlying pool of securities owned by the joint powers authority. Purchases are limited to those pools that seek to maintain a constant net asset value and are rated in the highest category by a NRSRO. The joint powers authority issuing the shares shall have retained an investment adviser that meets all of the following criteria: (1) registered or exempt from registration with the SEC; (2) has not less than five years of experience investing in the securities and obligations authorized in subdivisions (a) to (q), inclusive, of [Gov. Code] section 53601; and (3) has assets under management > $500,000,000 Complies
Ventura County Investment Pool (VCIP) Ventura County Treasurer's Investment Pool as authorized by California Government Code Complies Max Per Issuer
5% max per issuer, except for U.S. Treasury, Federal Agency securities, authorized pools, mutual funds, Supranationals, and collateralized investments Complies
Maximum Maturity 5 years max maturity Complies
*MMF concentration is 23.4%; new account - Investing to strategy. 157

BOOK VALUE RECONCILIATION
BEGINNING BOOK VALUE $30,000,000.00
Acquisition
+ Security Purchases $22,905,664.76
+ Money Market Fund Purchases $3,881.79
+ Money Market Contributions $0.00
+ Security Contributions $0.00
+ Security Transfers $0.00
Total Acquisitions $22,909,546.55
Dispositions
- Security Sales $0.00
- Money Market Fund Sales $22,969,784.78
- MMF Withdrawals $85.01
- Security Withdrawals $0.00
- Security Transfers $0.00
- Other Dispositions $0.00
- Maturites $0.00
- Calls $0.00
- Principal Paydowns $0.00
Total Dispositions $22,969,869.79
Amortization/Accretion
+/- Net Accretion $6,568.17
$6,568.17
Gain/Loss on Dispositions
+/- Realized Gain/Loss $0.00
$0.00
ENDING BOOK VALUE $29,946,244.93

CASH TRANSACTION SUMMARY
BEGINNING BALANCE $30,000,000.00
Acquisition
Contributions $0.00
Security Sale Proceeds $0.00
Accrued Interest Received $0.00
Interest Received $195.66
Dividend Received $3,686.13
Principal on Maturities $0.00
Interest on Maturities $0.00
Calls/Redemption (Principal) $0.00
Interest from Calls/Redemption $0.00
Principal Paydown $0.00
Total Acquisitions $3,881.79
Dispositions
Withdrawals $85.01
Security Purchase $22,905,664.76
Accrued Interest Paid $64,120.02
Total Dispositions $22,969,869.79
ENDING BOOK VALUE $7,034,012.00
Reconciliation Summary
As of June 30, 2022
City of Santa Paula
Account #10939
Chandler Asset Management - CONFIDENTIAL Page 3 Execution Time: 7/4/2022 2:20:58 AM 158
Holdings Report
As of June 30, 2022
City of Santa Paula
Account #10939
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
89240BAC2 Toyota Auto Receivables Owners 2021-
A A3

0.26% Due 5/15/2025
380,000.00 06/07/2022

2.63%
372,147.66
372,415.49

97.65 3.47%
371,062.02

43.91 1.23%
(1,353.47)
Aaa / NR
AAA

2.88 0.73
05522RDC9 Bank of America Credit Card Tr 2020-A1
A1

0.34% Due 5/15/2026
380,000.00 06/15/2022

3.67%
361,757.03
362,224.80

95.86 3.30%
364,260.02

57.42 1.21%
2,035.22
Aaa / AAA
NR

3.88 1.42
362554AC1 GM Financial Securitized Term 2021-4
A3

0.68% Due 9/16/2026
200,000.00 06/13/2022

3.26%
190,492.19
190,643.56

94.95 4.17%
189,890.40

56.67 0.63%
(753.16)
Aaa / AAA
NR

4.22 1.47
02582JJR2 American Express 2021-1 A

0.9% Due 11/15/2026
265,000.00 06/28/2022

3.62%
248,748.05
248,785.41

94.31 3.44%
249,925.48
106.00

0.83%
1,140.07
Aaa / NR
AAA

4.38 2.30
Total ABS 1,225,000.00 3.26%
1,173,144.93
1,174,069.26 3.53%
1,175,137.92
264.00

3.91%
1,068.66
Aaa / AAA
AAA

3.72 1.40
AGENCY
3137EAEV7 FHLMC Note

0.25% Due 8/24/2023
550,000.00 06/28/2022

3.00%
532,988.50
533,069.31

97.03 2.90%
533,654.00
485.07

1.78%
584.69
Aaa / AA+
AAA

1.15 1.13
313383YJ4 FHLB Note

3.375% Due 9/8/2023
550,000.00 06/27/2022

2.99%
552,447.50
552,430.70
100.51

2.93%
552,814.35
5,826.56

1.86%
383.65
Aaa / AA+
NR

1.19 1.15
3130APU29 FHLB Note

0.5% Due 11/9/2023
500,000.00 06/28/2022

3.06%
483,030.00
483,098.15

96.78 2.94%
483,900.50
361.11

1.61%
802.35
Aaa / AA+
NR

1.36 1.33
3130A0F70 FHLB Note

3.375% Due 12/8/2023
450,000.00 06/27/2022

3.10%
451,719.00
451,709.23
100.57

2.97%
452,555.10
970.31

1.51%
845.87
Aaa / AA+
AAA

1.44 1.39
3130A0XE5 FHLB Note

3.25% Due 3/8/2024
365,000.00 06/13/2022

3.23%
365,087.60
365,085.25
100.50

2.94%
366,833.40
3,723.51

1.23%
1,748.15
Aaa / AA+
NR

1.69 1.62
3133ENYX2 FFCB Note

3.25% Due 6/17/2024
375,000.00 06/15/2022

3.40%
373,946.25
373,966.43
100.46

3.01%
376,734.00
473.96

1.26%
2,767.57
Aaa / AA+
AAA

1.97 1.89
3130ASDS5 FHLB Note

2.75% Due 6/28/2024
365,000.00 06/09/2022

2.87%
364,153.20
364,176.94

99.48 3.02%
363,093.97
585.52

1.21%
(1,082.97)
Aaa / AA+
NR

2.00 1.92
3135G0X24 FNMA Note

1.625% Due 1/7/2025
450,000.00 06/21/2022

3.34%
431,334.00
431,514.64

96.64 3.02%
434,867.85
3,534.38

1.46%
3,353.21
Aaa / AA+
AAA

2.53 2.42
Chandler Asset Management - CONFIDENTIAL Page 4 Execution Time: 7/4/2022 2:20:58 AM 159
Holdings Report
As of June 30, 2022
City of Santa Paula
Account #10939
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
AGENCY
3135G05X7 FNMA Note

0.375% Due 8/25/2025
400,000.00 06/22/2022

3.27%
365,400.00
365,638.83

91.94 3.08%
367,748.80
525.00

1.23%
2,109.97
Aaa / AA+
AAA

3.16 3.08
Total Agency 4,005,000.00 3.13%
3,920,106.05
3,920,689.48 2.97%
3,932,201.97
16,485.42

13.14%
11,512.49
Aaa / AA+
AAA

1.76 1.70
CMO
3137BTU25 FHLMC K724 A2

3.062% Due 11/25/2023
380,000.00 06/13/2022

3.46%
378,174.22
378,226.19

99.68 3.19%
378,771.84
969.63

1.26%
545.65

NR / NR
AAA

1.41 1.10
3137BFXT3 FHLMC K042 A2

2.67% Due 12/25/2024
380,000.00 06/22/2022

3.52%
372,459.38
372,493.35

98.27 3.39%
373,411.18
169.10

1.24%
917.83
Aaa / NR
NR

2.49 2.24
3137BHCY1 FHLMC K044 A2

2.811% Due 1/25/2025
318,362.81 06/16/2022

4.46%
311,050.42
311,121.64

98.53 3.39%
313,694.03
745.76

1.05%
2,572.39

NR / NR
AAA

2.58 2.29
3137BM7C4 FHLMC K051 A2

3.308% Due 9/25/2025
380,000.00 06/23/2022

3.33%
379,198.44
379,200.51

99.86 3.30%
379,456.22
1,047.53

1.27%
255.71

NR / NR
AAA

3.24 2.89
Total CMO 1,458,362.81 3.66%
1,440,882.46
1,441,041.69 3.31%
1,445,333.27
2,932.02

4.82%
4,291.58
Aaa / NR
AAA

2.42 2.12

CORPORATE
06051GHF9 Bank of America Corp Callable Note 1X
3/5/2023

3.55% Due 3/5/2024
550,000.00 06/28/2022

3.52%
548,647.00
548,649.20

99.71 3.55%
548,392.90
6,291.39

1.85%
(256.30)
A2 / AAA1.68

1.60 037833CU2 Apple Inc Callable Note Cont 3/11/2024

2.85% Due 5/11/2024
550,000.00 Various

3.24%
546,140.25
546,168.48

99.37 3.20%
546,510.80
2,177.09

1.83%
342.32
Aaa / AA+
NR

1.87 1.79
023135CE4 Amazon.com Inc Note
3% Due 4/13/2025
375,000.00 06/02/2022

2.99%
375,071.25
375,069.54

99.08 3.35%
371,532.00
2,437.50

1.24%
(3,537.54)
A1 / AA
AA2.792.63
06367WB85 Bank of Montreal Note

1.85% Due 5/1/2025
575,000.00 06/27/2022

4.01%
542,000.75
542,064.39

94.88 3.77%
545,581.28
1,772.92

1.82%
3,516.89
A2 / AAA2.84

2.71 06406RBF3 Bank of NY Mellon Corp Callable Note
Cont 6/13/2024

3.43% Due 6/13/2025
550,000.00 Various

3.09%
548,586.00
548,587.31

99.28 3.26%
546,026.26
943.26

1.82%
(2,561.05)
A1 / A
AA2.962.78
Chandler Asset Management - CONFIDENTIAL Page 5 Execution Time: 7/4/2022 2:20:58 AM 160
Holdings Report
As of June 30, 2022
City of Santa Paula
Account #10939
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

CORPORATE
46647PDE3 JP Morgan Chase & Co Callable Note
Cont 6/14/2025

3.845% Due 6/14/2025
550,000.00 06/27/2022

3.77%
544,335.00
544,345.48

99.09 3.73%
544,978.50
998.63

1.82%
633.02
A2 / AAA2.96

2.80 26442UAA2 Duke Energy Progress LLC Callable Note
Cont 5/15/25

3.25% Due 8/15/2025
550,000.00 06/27/2022

3.68%
543,120.00
543,132.04

99.33 3.48%
546,301.25
6,752.78

1.84%
3,169.21
Aa3 / A
NR

3.13 2.91
Total Corporate 3,700,000.00 3.49%
3,647,900.25
3,648,016.44 3.48%
3,649,322.99
21,373.57

12.21%
1,306.55
A1 / A
AA2.592.45

MONEY MARKET FUND
31846V203 First American Govt Obligation Fund
Class Y
7,034,012.00 Various

0.97%
7,034,012.00
7,034,012.00

1.00 0.97%
7,034,012.00

0.00 23.40%

0.00 Aaa / AAA
AAA

0.00 0.00
Total Money Market Fund 7,034,012.00 0.97%
7,034,012.00
7,034,012.00 0.97%
7,034,012.00

0.00 23.40%

0.00 Aaa / AAA
AAA

0.00 0.00

NEGOTIABLE CD
55380TWT3 MUFG Bank Yankee CD

0.21% Due 9/20/2022
375,000.00 06/02/2022

1.65%
373,415.02
373,788.84

99.56 2.14%
373,354.50
605.94

1.24%
(434.34)
P-1 / A-1
F-1

0.22 0.22
78012UW43 Royal Bank of Canada Yankee CD

0.27% Due 10/20/2022
375,000.00 06/02/2022

1.89%
372,716.72
373,136.44

99.34 2.42%
372,510.75
711.56

1.24%
(625.69)
P-1 / A-1+
F-1+

0.31 0.30
Total Negotiable CD 750,000.00 1.77%
746,131.74
746,925.28 2.28%
745,865.25
1,317.50

2.49%
(1,060.03)
P-1 / A-1
F-1+

0.27 0.26

US TREASURY
912796XM6 US Treasury Bill

1.091% Due 8/16/2022
600,000.00 06/08/2022

1.11%
598,763.31
599,163.42

99.86 1.11%
599,163.42

0.00 1.99%

0.00 P-1 / A-1+
F-1+

0.13 0.13
912828TY6 US Treasury Note

1.625% Due 11/15/2022
600,000.00 06/08/2022

1.63%
600,000.00
600,000.00

99.75 2.29%
598,500.00
1,245.24

2.00%
(1,500.00)
Aaa / AA+
AAA

0.38 0.37
912796X61 US Treasury Bill

1.722% Due 12/8/2022
600,000.00 06/08/2022

1.76%
594,775.08
595,406.66

99.23 1.76%
595,406.66

0.00 1.98%

0.00 P-1 / A-1+
F-1+

0.44 0.44
912828ZH6 US Treasury Note

0.25% Due 4/15/2023
625,000.00 06/28/2022

2.85%
612,329.10
612,416.49

97.97 2.86%
612,329.38
328.72

2.04%
(87.11)
Aaa / AA+
AAA

0.79 0.78
Chandler Asset Management - CONFIDENTIAL Page 6 Execution Time: 7/4/2022 2:20:58 AM 161
Holdings Report
As of June 30, 2022
City of Santa Paula
Account #10939
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

US TREASURY
912828ZU7 US Treasury Note

0.25% Due 6/15/2023
625,000.00 06/29/2022

2.93%
609,252.93
609,297.92

97.50 2.92%
609,350.63

68.31 2.03%

52.71 Aaa / AA+
AAA

0.96 0.94
91282CAP6 US Treasury Note

0.125% Due 10/15/2023
625,000.00 06/29/2022

3.06%
601,928.71
601,977.59

96.46 2.93%
602,905.00
164.36

2.01%
927.41
Aaa / AA+
AAA

1.29 1.27
912828B66 US Treasury Note

2.75% Due 2/15/2024
600,000.00 06/28/2022

3.09%
596,812.50
596,823.20

99.72 2.93%
598,312.80
6,198.90

2.01%
1,489.60
Aaa / AA+
AAA

1.63 1.56
91282CBV2 US Treasury Note

0.375% Due 4/15/2024
625,000.00 06/27/2022

3.13%
595,166.02
595,302.25

95.54 2.95%
597,119.38
493.08

1.99%
1,817.13
Aaa / AA+
AAA

1.79 1.76
912828WJ5 US Treasury Note

2.5% Due 5/15/2024
600,000.00 06/28/2022

3.13%
593,156.25
593,176.20

99.18 2.95%
595,101.60
1,915.76

1.99%
1,925.40
Aaa / AA+
AAA

1.88 1.81
91282CCL3 US Treasury Note

0.375% Due 7/15/2024
650,000.00 06/28/2022

3.14%
614,656.25
614,750.88

94.94 2.95%
617,093.75
1,124.48

2.06%
2,342.87
Aaa / AA+
AAA

2.04 2.00
91282CCT6 US Treasury Note

0.375% Due 8/15/2024
625,000.00 06/27/2022

3.16%
589,331.05
589,468.41

94.68 2.97%
591,772.50
880.52

1.97%
2,304.09
Aaa / AA+
AAA

2.13 2.09
91282CCX7 US Treasury Note

0.375% Due 9/15/2024
650,000.00 06/28/2022

3.19%
611,203.13
611,299.04

94.47 2.98%
614,047.20
715.35

2.05%
2,748.16
Aaa / AA+
AAA

2.21 2.17
91282CDB4 US Treasury Note

0.625% Due 10/15/2024
625,000.00 06/27/2022

3.18%
589,843.75
589,969.31

94.82 2.98%
592,651.25
821.81

1.97%
2,681.94
Aaa / AA+
AAA

2.30 2.24
912828G38 US Treasury Note

2.25% Due 11/15/2024
625,000.00 06/29/2022

3.16%
612,060.55
612,075.44

98.36 2.97%
614,770.63
1,796.03

2.05%
2,695.19
Aaa / AA+
AAA

2.38 2.29
91282CDN8 US Treasury Note
1% Due 12/15/2024
650,000.00 06/29/2022

3.18%
616,712.89
616,749.92

95.32 2.99%
619,556.60
284.15

2.06%
2,806.68
Aaa / AA+
AAA

2.46 2.40
912828J27 US Treasury Note
2% Due 2/15/2025
600,000.00 06/27/2022

3.22%
581,648.44
581,705.61

97.52 2.99%
585,093.60
4,508.29

1.96%
3,387.99
Aaa / AA+
AAA

2.63 2.51
91282CED9 US Treasury Note

1.75% Due 3/15/2025
600,000.00 06/02/2022

2.84%
582,656.25
583,134.23

96.78 3.00%
580,687.20
3,081.52

1.94%
(2,447.03)
Aaa / AA+
AAA

2.71 2.60
91282CEH0 US Treasury Note

2.625% Due 4/15/2025
600,000.00 06/28/2022

3.23%
590,320.31
590,339.27

99.02 2.99%
594,093.60
3,313.52

1.99%
3,754.33
Aaa / AA+
AAA

2.79 2.66
912828XB1 US Treasury Note

2.125% Due 5/15/2025
600,000.00 06/02/2022

2.83%
588,070.31
588,380.46

97.65 2.98%
585,890.40
1,628.40

1.95%
(2,490.06)
Aaa / AA+
AAA

2.88 2.75
Chandler Asset Management - CONFIDENTIAL Page 7 Execution Time: 7/4/2022 2:20:58 AM 162
Holdings Report
As of June 30, 2022
City of Santa Paula
Account #10939
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

US TREASURY
91282CAB7 US Treasury Note

0.25% Due 7/31/2025
650,000.00 06/02/2022

2.87%
598,812.50
600,054.48

91.92 3.01%
597,467.00
677.83

1.99%
(2,587.48)
Aaa / AA+
AAA

3.09 3.03
Total US Treasury 12,375,000.00 2.84%
11,977,499.33
11,981,490.78 2.78%
12,001,312.60
29,246.27

40.03%
19,821.82
Aaa / AA+
AAA

1.84 1.79
TOTAL PORTFOLIO 30,547,374.81 2.55%
29,939,676.76
29,946,244.93 2.51%
29,983,186.00
71,618.78
100.00%
36,941.07
Aa1 / AA+
AAA

1.55 1.40
TOTAL MARKET VALUE PLUS ACCRUED 30,054,804.78
Chandler Asset Management - CONFIDENTIAL Page 8 Execution Time: 7/4/2022 2:20:58 AM 163
Transaction Ledger
As of June 30, 2022
City of Santa Paula
Account #10939
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 06/01/2022 31846V203 3,686.13 First American Govt Obligation Fund Class Y

1.000 0.35% 3,686.13 0.00 3,686.13 0.00
Purchase 06/03/2022 912828XB1 600,000.00 US Treasury Note

2.125% Due 5/15/2025

98.012 2.83% 588,070.31 658.29 588,728.60 0.00
Purchase 06/03/2022 91282CAB7 650,000.00 US Treasury Note

0.25% Due 7/31/2025

92.125 2.87% 598,812.50 552.14 599,364.64 0.00
Purchase 06/03/2022 91282CED9 600,000.00 US Treasury Note

1.75% Due 3/15/2025

97.109 2.84% 582,656.25 2,282.61 584,938.86 0.00
Purchase 06/06/2022 023135CE4 375,000.00 Amazon.com Inc Note 3% Due 4/13/2025
100.019 2.99% 375,071.25 1,656.25 376,727.50 0.00
Purchase 06/06/2022 55380TWT3 375,000.00 MUFG Bank Yankee CD

0.21% Due 9/20/2022

99.577 1.65% 373,415.02 551.25 373,966.27 0.00
Purchase 06/06/2022 78012UW43 375,000.00 Royal Bank of Canada Yankee CD

0.27% Due 10/20/2022

99.391 1.89% 372,716.72 641.25 373,357.97 0.00
Purchase 06/09/2022 89240BAC2 380,000.00 Toyota Auto Receivables Owners 2021- A A3

0.26% Due 5/15/2025

97.934 2.63% 372,147.66 65.87 372,213.53 0.00
Purchase 06/09/2022 912796X61 600,000.00 US Treasury Bill

1.722% Due 12/8/2022

99.129 1.76% 594,775.08 0.00 594,775.08 0.00
Purchase 06/09/2022 912796XM6 600,000.00 US Treasury Bill

1.091% Due 8/16/2022

99.794 1.11% 598,763.31 0.00 598,763.31 0.00
Purchase 06/09/2022 912828TY6 600,000.00 US Treasury Note

1.625% Due 11/15/2022
100.000 1.63% 600,000.00 662.36 600,662.36 0.00
Purchase 06/10/2022 3130ASDS5 365,000.00 FHLB Note

2.75% Due 6/28/2024

99.768 2.87% 364,153.20 0.00 364,153.20 0.00
Purchase 06/13/2022 06406RBF3 375,000.00 Bank of NY Mellon Corp Callable Note Cont 6/13/2024

3.43% Due 6/13/2025
100.000 3.00% 375,000.00 0.00 375,000.00 0.00
Purchase 06/14/2022 3130A0XE5 365,000.00 FHLB Note

3.25% Due 3/8/2024
100.024 3.23% 365,087.60 3,163.33 368,250.93 0.00
Purchase 06/15/2022 31846V203 82.33 First American Govt Obligation Fund Class Y

1.000 0.35% 82.33 0.00 82.33 0.00
Chandler Asset Management - CONFIDENTIAL Page 9 Execution Time: 7/4/2022 2:20:58 AM 164
Transaction Ledger
As of June 30, 2022
City of Santa Paula
Account #10939
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 06/15/2022 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026

95.246 3.26% 190,492.19 109.56 190,601.75 0.00
Purchase 06/16/2022 3137BTU25 380,000.00 FHLMC K724 A2Due 11/25/2023 99.520 3.46% 378,174.22 484.82 378,659.04 0.00 Purchase 06/16/2022 31846V203 113.33 First American Govt Obligation Fund Class Y

1.000 0.35% 113.33 0.00 113.33 0.00
Purchase 06/17/2022 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

95.199 3.67% 361,757.03 7.18 361,764.21 0.00
Purchase 06/17/2022 3133ENYX2 375,000.00 FFCB Note

3.25% Due 6/17/2024

99.719 3.40% 373,946.25 0.00 373,946.25 0.00
Purchase 06/22/2022 3135G0X24 450,000.00 FNMA Note

1.625% Due 1/7/2025

95.852 3.34% 431,334.00 3,351.56 434,685.56 0.00
Purchase 06/22/2022 3137BHCY1 318,362.81 FHLMC K044 A2

2.811% Due 1/25/2025

97.703 4.46% 311,050.42 522.04 311,572.46 0.00
Purchase 06/23/2022 3135G05X7 400,000.00 FNMA Note

0.375% Due 8/25/2025

91.350 3.27% 365,400.00 491.67 365,891.67 0.00
Purchase 06/24/2022 037833CU2 375,000.00 Apple Inc Callable Note Cont 3/11/2024

2.85% Due 5/11/2024

99.310 3.23% 372,412.50 1,276.56 373,689.06 0.00
Purchase 06/27/2022 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

98.016 3.52% 372,459.38 732.77 373,192.15 0.00
Purchase 06/28/2022 3130A0F70 450,000.00 FHLB Note

3.375% Due 12/8/2023
100.382 3.10% 451,719.00 843.75 452,562.75 0.00
Purchase 06/28/2022 313383YJ4 550,000.00 FHLB Note

3.375% Due 9/8/2023
100.445 2.99% 552,447.50 5,671.88 558,119.38 0.00
Purchase 06/28/2022 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

99.789 3.33% 379,198.44 942.78 380,141.22 0.00
Purchase 06/28/2022 912828J27 600,000.00 US Treasury Note 2% Due 2/15/2025

96.941 3.22% 581,648.44 4,408.84 586,057.28 0.00
Purchase 06/28/2022 91282CBV2 625,000.00 US Treasury Note

0.375% Due 4/15/2024

95.227 3.13% 595,166.02 473.87 595,639.89 0.00
Purchase 06/28/2022 91282CCT6 625,000.00 US Treasury Note

0.375% Due 8/15/2024

94.293 3.16% 589,331.05 861.10 590,192.15 0.00
Chandler Asset Management - CONFIDENTIAL Page 10 Execution Time: 7/4/2022 2:20:58 AM 165
Transaction Ledger
As of June 30, 2022
City of Santa Paula
Account #10939
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 06/28/2022 91282CDB4 625,000.00 US Treasury Note

0.625% Due 10/15/2024

94.375 3.18% 589,843.75 789.79 590,633.54 0.00
Purchase 06/29/2022 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

93.867 3.62% 248,748.05 92.75 248,840.80 0.00
Purchase 06/29/2022 06367WB85 575,000.00 Bank of Montreal Note

1.85% Due 5/1/2025

94.261 4.01% 542,000.75 1,713.82 543,714.57 0.00
Purchase 06/29/2022 26442UAA2 230,000.00 Duke Energy Progress LLC Callable Note Cont 5/15/25

3.25% Due 8/15/2025

98.688 3.70% 226,982.40 2,782.36 229,764.76 0.00
Purchase 06/29/2022 26442UAA2 320,000.00 Duke Energy Progress LLC Callable Note Cont 5/15/25

3.25% Due 8/15/2025

98.793 3.66% 316,137.60 3,871.11 320,008.71 0.00
Purchase 06/29/2022 3130APU29 500,000.00 FHLB Note

0.5% Due 11/9/2023

96.606 3.06% 483,030.00 347.22 483,377.22 0.00
Purchase 06/29/2022 3137EAEV7 550,000.00 FHLMC Note

0.25% Due 8/24/2023

96.907 3.00% 532,988.50 477.43 533,465.93 0.00
Purchase 06/29/2022 46647PDE3 550,000.00 JP Morgan Chase & Co Callable Note Cont 6/14/2025

3.845% Due 6/14/2025

98.970 3.77% 544,335.00 881.15 545,216.15 0.00
Purchase 06/29/2022 912828B66 600,000.00 US Treasury Note

2.75% Due 2/15/2024

99.469 3.09% 596,812.50 6,107.73 602,920.23 0.00
Purchase 06/29/2022 912828WJ5 600,000.00 US Treasury Note

2.5% Due 5/15/2024

98.859 3.13% 593,156.25 1,834.24 594,990.49 0.00
Purchase 06/29/2022 912828ZH6 625,000.00 US Treasury Note

0.25% Due 4/15/2023

97.973 2.85% 612,329.10 320.18 612,649.28 0.00
Purchase 06/29/2022 91282CCL3 650,000.00 US Treasury Note

0.375% Due 7/15/2024

94.563 3.14% 614,656.25 1,111.02 615,767.27 0.00
Purchase 06/29/2022 91282CCX7 650,000.00 US Treasury Note

0.375% Due 9/15/2024

94.031 3.19% 611,203.13 702.11 611,905.24 0.00
Purchase 06/29/2022 91282CEH0 600,000.00 US Treasury Note

2.625% Due 4/15/2025

98.387 3.23% 590,320.31 3,227.46 593,547.77 0.00
Purchase 06/30/2022 037833CU2 175,000.00 Apple Inc Callable Note Cont 3/11/2024

2.85% Due 5/11/2024

99.273 3.25% 173,727.75 678.85 174,406.60 0.00
Chandler Asset Management - CONFIDENTIAL Page 11 Execution Time: 7/4/2022 2:20:58 AM 166
Transaction Ledger
As of June 30, 2022
City of Santa Paula
Account #10939
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 06/30/2022 06051GHF9 550,000.00 Bank of America Corp Callable Note 1X 3/5/2023

3.55% Due 3/5/2024

99.754 3.52% 548,647.00 6,237.15 554,884.15 0.00
Purchase 06/30/2022 06406RBF3 175,000.00 Bank of NY Mellon Corp Callable Note Cont 6/13/2024

3.43% Due 6/13/2025

99.192 3.29% 173,586.00 283.45 173,869.45 0.00
Purchase 06/30/2022 912828G38 625,000.00 US Treasury Note

2.25% Due 11/15/2024

97.930 3.16% 612,060.55 1,757.81 613,818.36 0.00
Purchase 06/30/2022 912828ZU7 625,000.00 US Treasury Note

0.25% Due 6/15/2023

97.480 2.93% 609,252.93 64.04 609,316.97 0.00
Purchase 06/30/2022 91282CAP6 625,000.00 US Treasury Note

0.125% Due 10/15/2023

96.309 3.06% 601,928.71 162.23 602,090.94 0.00
Purchase 06/30/2022 91282CDN8 650,000.00 US Treasury Note 1% Due 12/15/2024

94.879 3.18% 616,712.89 266.39 616,979.28 0.00
Subtotal 23,517,244.60 22,909,546.55 64,120.02 22,973,666.57 0.00 TOTAL ACQUISITIONS 23,517,244.60 22,909,546.55 64,120.02 22,973,666.57 0.00

DISPOSITIONS
Sale 06/03/2022 31846V203 1,773,032.10 First American Govt Obligation Fund Class Y

1.000 0.35% 1,773,032.10 0.00 1,773,032.10 0.00
Sale 06/06/2022 31846V203 1,124,051.74 First American Govt Obligation Fund Class Y

1.000 0.35% 1,124,051.74 0.00 1,124,051.74 0.00
Sale 06/09/2022 31846V203 372,213.53 First American Govt Obligation Fund Class Y

1.000 0.35% 372,213.53 0.00 372,213.53 0.00
Sale 06/09/2022 31846V203 1,794,200.75 First American Govt Obligation Fund Class Y

1.000 0.35% 1,794,200.75 0.00 1,794,200.75 0.00
Sale 06/10/2022 31846V203 364,153.20 First American Govt Obligation Fund Class Y

1.000 0.35% 364,153.20 0.00 364,153.20 0.00
Chandler Asset Management - CONFIDENTIAL Page 12 Execution Time: 7/4/2022 2:20:58 AM 167
Transaction Ledger
As of June 30, 2022
City of Santa Paula
Account #10939
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

DISPOSITIONS
Sale 06/13/2022 31846V203 375,000.00 First American Govt Obligation Fund Class Y

1.000 0.35% 375,000.00 0.00 375,000.00 0.00
Sale 06/14/2022 31846V203 368,250.93 First American Govt Obligation Fund Class Y

1.000 0.35% 368,250.93 0.00 368,250.93 0.00
Sale 06/15/2022 31846V203 190,601.75 First American Govt Obligation Fund Class Y

1.000 0.35% 190,601.75 0.00 190,601.75 0.00
Sale 06/16/2022 31846V203 378,659.04 First American Govt Obligation Fund Class Y

1.000 0.35% 378,659.04 0.00 378,659.04 0.00
Sale 06/17/2022 31846V203 735,710.46 First American Govt Obligation Fund Class Y

1.000 0.35% 735,710.46 0.00 735,710.46 0.00
Sale 06/22/2022 31846V203 311,572.46 First American Govt Obligation Fund Class Y

1.000 0.35% 311,572.46 0.00 311,572.46 0.00
Sale 06/22/2022 31846V203 434,685.56 First American Govt Obligation Fund Class Y

1.000 0.35% 434,685.56 0.00 434,685.56 0.00
Sale 06/23/2022 31846V203 365,891.67 First American Govt Obligation Fund Class Y

1.000 0.35% 365,891.67 0.00 365,891.67 0.00
Sale 06/24/2022 31846V203 373,689.06 First American Govt Obligation Fund Class Y

1.000 0.35% 373,689.06 0.00 373,689.06 0.00
Sale 06/27/2022 31846V203 373,192.15 First American Govt Obligation Fund Class Y

1.000 0.35% 373,192.15 0.00 373,192.15 0.00
Sale 06/28/2022 31846V203 380,141.22 First American Govt Obligation Fund Class Y

1.000 0.35% 380,141.22 0.00 380,141.22 0.00
Sale 06/28/2022 31846V203 3,373,204.99 First American Govt Obligation Fund Class Y

1.000 0.35% 3,373,204.99 0.00 3,373,204.99 0.00
Sale 06/29/2022 31846V203 4,897,464.23 First American Govt Obligation Fund Class Y

1.000 0.35% 4,897,464.23 0.00 4,897,464.23 0.00
Sale 06/29/2022 31846V203 1,638,704.19 First American Govt Obligation Fund Class Y

1.000 0.35% 1,638,704.19 0.00 1,638,704.19 0.00
Sale 06/30/2022 31846V203 903,160.20 First American Govt Obligation Fund Class Y

1.000 0.97% 903,160.20 0.00 903,160.20 0.00
Chandler Asset Management - CONFIDENTIAL Page 13 Execution Time: 7/4/2022 2:20:58 AM 168
Transaction Ledger
As of June 30, 2022
City of Santa Paula
Account #10939
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

DISPOSITIONS
Sale 06/30/2022 31846V203 2,442,205.55 First American Govt Obligation Fund Class Y

1.000 0.97% 2,442,205.55 0.00 2,442,205.55 0.00
Subtotal 22,969,784.78 22,969,784.78 0.00 22,969,784.78 0.00 Paydown 06/15/2022 89240BAC2 0.00 Toyota Auto Receivables Owners 2021- A A3

0.26% Due 5/15/2025
100.000 0.00 82.33 82.33 0.00
Paydown 06/16/2022 362554AC1 0.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026
100.000 0.00 113.33 113.33 0.00
Subtotal 0.00 0.00 195.66 195.66 0.00
Security
Withdrawal
06/27/2022 31846V203 85.01 First American Govt Obligation Fund Class Y

1.000 85.01 0.00 85.01 0.00
Subtotal 85.01 85.01 0.00 85.01 0.00
TOTAL DISPOSITIONS 22,969,869.79 22,969,869.79 195.66 22,970,065.45 0.00

OTHER TRANSACTIONS
Dividend 06/01/2022 31846V203 30,000,000.00 First American Govt Obligation Fund Class Y

0.000 3,686.13 0.00 3,686.13 0.00
Subtotal 30,000,000.00 3,686.13 0.00 3,686.13 0.00
TOTAL OTHER TRANSACTIONS 30,000,000.00 3,686.13 0.00 3,686.13 0.00 Chandler Asset Management - CONFIDENTIAL Page 14 Execution Time: 7/4/2022 2:20:58 AM 169
Income Earned
As of June 30, 2022
City of Santa Paula
Account #10939
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income

FIXED INCOME
023135CE4 Amazon.com Inc
Note
3% Due 04/13/2025
06/02/2022
06/06/2022
375,000.00

0.00 375,071.25

0.00 375,069.54

0.00 (1,656.25)
2,437.50
781.25

0.00 1.71
(1.71)
779.54
779.54
02582JJR2 American Express
2021-1 A

0.9% Due 11/15/2026
06/28/2022
06/29/2022
265,000.00

0.00 248,748.05

0.00 248,785.41

0.00 (92.75)
106.00

13.25 37.36

0.00 37.36

50.61 50.61
037833CU2 Apple Inc
Callable Note Cont 3/11/2024

2.85% Due 05/11/2024
Various
Various
550,000.00

0.00 546,140.25

0.00 546,168.48

0.00 (1,955.41)
2,177.09
221.68

28.23 0.00

28.23 249.91
249.91
05522RDC9 Bank of America Credit Card Tr
2020-A1 A1

0.34% Due 05/15/2026
06/15/2022
06/17/2022
380,000.00

0.00 361,757.03

0.00 362,224.80

0.00 (7.18)

57.42 50.24
467.77

0.00 467.77
518.01
518.01
06051GHF9 Bank of America Corp
Callable Note 1X 3/5/2023

3.55% Due 03/05/2024
06/28/2022
06/30/2022
550,000.00

0.00 548,647.00

0.00 548,649.20

0.00 (6,237.15)
6,291.39

54.24 2.20

0.00 2.20

56.44 56.44
06367WB85 Bank of Montreal
Note

1.85% Due 05/01/2025
06/27/2022
06/29/2022
575,000.00

0.00 542,000.75

0.00 542,064.39

0.00 (1,713.82)
1,772.92

59.10 63.64

0.00 63.64
122.74
122.74
06406RBF3 Bank of NY Mellon Corp
Callable Note Cont 6/13/2024

3.43% Due 06/13/2025
Various
Various
550,000.00

0.00 548,586.00

0.00 548,587.31

0.00 (283.45)
943.26
659.81

1.31 0.00

1.31 661.12
661.12
26442UAA2 Duke Energy Progress LLC
Callable Note Cont 5/15/25

3.25% Due 08/15/2025
06/27/2022
06/29/2022
550,000.00

0.00 543,120.00

0.00 543,132.04

0.00 (6,653.47)
6,752.78

99.31 12.04

0.00 12.04
111.35
111.35
3130A0F70 FHLB
Note

3.375% Due 12/08/2023
06/27/2022
06/28/2022
450,000.00

0.00 451,719.00

0.00 451,709.23

0.00 (843.75)
970.31
126.56

0.00 9.77
(9.77)
116.79
116.79
Chandler Asset Management - CONFIDENTIAL Page 15 Execution Time: 7/4/2022 2:20:58 AM 170
Income Earned
As of June 30, 2022
City of Santa Paula
Account #10939
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3130A0XE5 FHLB
Note

3.25% Due 03/08/2024
06/13/2022
06/14/2022
365,000.00

0.00 365,087.60

0.00 365,085.25

0.00 (3,163.33)
3,723.51
560.18

0.00 2.35
(2.35)
557.83
557.83
3130APU29 FHLB
Note

0.5% Due 11/09/2023
06/28/2022
06/29/2022
500,000.00

0.00 483,030.00

0.00 483,098.15

0.00 (347.22)
361.11

13.89 68.15

0.00 68.15

82.04 82.04
3130ASDS5 FHLB
Note

2.75% Due 06/28/2024
06/09/2022
06/10/2022
365,000.00

0.00 364,153.20

0.00 364,176.94

0.00 0.00
585.52
585.52

23.74 0.00

23.74 609.26
609.26
313383YJ4 FHLB
Note

3.375% Due 09/08/2023
06/27/2022
06/28/2022
550,000.00

0.00 552,447.50

0.00 552,430.70

0.00 (5,671.88)
5,826.56
154.68

0.00 16.80
(16.80)
137.88
137.88
3133ENYX2 FFCB
Note

3.25% Due 06/17/2024
06/15/2022
06/17/2022
375,000.00

0.00 373,946.25

0.00 373,966.43

0.00 0.00
473.96
473.96

20.18 0.00

20.18 494.14
494.14
3135G05X7 FNMA
Note

0.375% Due 08/25/2025
06/22/2022
06/23/2022
400,000.00

0.00 365,400.00

0.00 365,638.83

0.00 (491.67)
525.00

33.33 238.83

0.00 238.83
272.16
272.16
3135G0X24 FNMA
Note

1.625% Due 01/07/2025
06/21/2022
06/22/2022
450,000.00

0.00 431,334.00

0.00 431,514.64

0.00 (3,351.56)
3,534.38
182.82
180.64

0.00 180.64
363.46
363.46
3137BFXT3 FHLMC
K042 A2

2.67% Due 12/25/2024
06/22/2022
06/27/2022
380,000.00

0.00 372,459.38

0.00 372,493.35

0.00 (732.77)
169.10
(563.67)

33.97 0.00

33.97 (529.70)
(529.70)
3137BHCY1 FHLMC
K044 A2

2.811% Due 01/25/2025
06/16/2022
06/22/2022
318,362.81

0.00 311,050.42

0.00 311,121.64

0.00 (522.04)
745.76
223.72

71.22 0.00

71.22 294.94
294.94
Chandler Asset Management - CONFIDENTIAL Page 16 Execution Time: 7/4/2022 2:20:58 AM171 Income Earned
As of June 30, 2022
City of Santa Paula
Account #10939
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3137BM7C4 FHLMC
K051 A2

3.308% Due 09/25/2025
06/23/2022
06/28/2022
380,000.00

0.00 379,198.44

0.00 379,200.51

0.00 (942.78)
1,047.53
104.75

2.07 0.00

2.07 106.82
106.82
3137BTU25 FHLMC
K724 A2

3.062% Due 11/25/2023
06/13/2022
06/16/2022
380,000.00

0.00 378,174.22

0.00 378,226.19

0.00 (484.82)
969.63
484.81

51.97 0.00

51.97 536.78
536.78
3137EAEV7 FHLMC
Note

0.25% Due 08/24/2023
06/28/2022
06/29/2022
550,000.00

0.00 532,988.50

0.00 533,069.31

0.00 (477.43)
485.07

7.64 80.81

0.00 80.81

88.45 88.45
362554AC1 GM Financial Securitized Term
2021-4 A3

0.68% Due 09/16/2026
06/13/2022
06/15/2022
200,000.00

0.00 190,492.19

0.00 190,643.56

0.00 3.77

56.67 60.44
151.37

0.00 151.37
211.81
211.81
46647PDE3 JP Morgan Chase & Co
Callable Note Cont 6/14/2025

3.845% Due 06/14/2025
06/27/2022
06/29/2022
550,000.00

0.00 544,335.00

0.00 544,345.48

0.00 (881.15)
998.63
117.48

10.48 0.00

10.48 127.96
127.96
89240BAC2 Toyota Auto Receivables Owners
2021-A A3

0.26% Due 05/15/2025
06/07/2022
06/09/2022
380,000.00

0.00 372,147.66

0.00 372,415.49

0.00 16.46

43.91 60.37
267.83

0.00 267.83
328.20
328.20
912828B66 US Treasury
Note

2.75% Due 02/15/2024
06/28/2022
06/29/2022
600,000.00

0.00 596,812.50

0.00 596,823.20

0.00 (6,107.73)
6,198.90

91.17 10.70

0.00 10.70
101.87
101.87
912828G38 US Treasury
Note

2.25% Due 11/15/2024
06/29/2022
06/30/2022
625,000.00

0.00 612,060.55

0.00 612,075.44

0.00 (1,757.81)
1,796.03

38.22 14.89

0.00 14.89

53.11 53.11
912828J27 US Treasury
Note
2% Due 02/15/2025
06/27/2022
06/28/2022
600,000.00

0.00 581,648.44

0.00 581,705.61

0.00 (4,408.84)
4,508.29

99.45 57.17

0.00 57.17
156.62
156.62
Chandler Asset Management - CONFIDENTIAL Page 17 Execution Time: 7/4/2022 2:20:58 AM172 Income Earned
As of June 30, 2022
City of Santa Paula
Account #10939
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
912828TY6 US Treasury
Note

1.625% Due 11/15/2022
06/08/2022
06/09/2022
600,000.00

0.00 600,000.00

0.00 (662.36)
1,245.24
582.88

0.00 0.00

0.00 582.88
582.88
912828WJ5 US Treasury
Note

2.5% Due 05/15/2024
06/28/2022
06/29/2022
600,000.00

0.00 593,156.25

0.00 593,176.20

0.00 (1,834.24)
1,915.76

81.52 19.95

0.00 19.95
101.47
101.47
912828XB1 US Treasury
Note

2.125% Due 05/15/2025
06/02/2022
06/03/2022
600,000.00

0.00 588,070.31

0.00 588,380.46

0.00 (658.29)
1,628.40
970.11
310.15

0.00 310.15
1,280.26
1,280.26
912828ZH6 US Treasury
Note

0.25% Due 04/15/2023
06/28/2022
06/29/2022
625,000.00

0.00 612,329.10

0.00 612,416.49

0.00 (320.18)
328.72

8.54 87.39

0.00 87.39

95.93 95.93
912828ZU7 US Treasury
Note

0.25% Due 06/15/2023
06/29/2022
06/30/2022
625,000.00

0.00 609,252.93

0.00 609,297.92

0.00 (64.04)

68.31 4.27

44.99 0.00

44.99 49.26

49.26 91282CAB7 US Treasury
Note

0.25% Due 07/31/2025
06/02/2022
06/03/2022
650,000.00

0.00 598,812.50

0.00 600,054.48

0.00 (552.14)
677.83
125.69
1,241.98

0.00 1,241.98
1,367.67
1,367.67
91282CAP6 US Treasury
Note

0.125% Due 10/15/2023
06/29/2022
06/30/2022
625,000.00

0.00 601,928.71

0.00 601,977.59

0.00 (162.23)
164.36

2.13 48.88

0.00 48.88

51.01 51.01
91282CBV2 US Treasury
Note

0.375% Due 04/15/2024
06/27/2022
06/28/2022
625,000.00

0.00 595,166.02

0.00 595,302.25

0.00 (473.87)
493.08

19.21 136.23

0.00 136.23
155.44
155.44
91282CCL3 US Treasury
Note

0.375% Due 07/15/2024
06/28/2022
06/29/2022
650,000.00

0.00 614,656.25

0.00 614,750.88

0.00 (1,111.02)
1,124.48

13.46 94.63

0.00 94.63
108.09
108.09
Chandler Asset Management - CONFIDENTIAL Page 18 Execution Time: 7/4/2022 2:20:58 AM 173
Income Earned
As of June 30, 2022
City of Santa Paula
Account #10939
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91282CCT6 US Treasury
Note

0.375% Due 08/15/2024
06/27/2022
06/28/2022
625,000.00

0.00 589,331.05

0.00 589,468.41

0.00 (861.10)
880.52

19.42 137.36

0.00 137.36
156.78
156.78
91282CCX7 US Treasury
Note

0.375% Due 09/15/2024
06/28/2022
06/29/2022
650,000.00

0.00 611,203.13

0.00 611,299.04

0.00 (702.11)
715.35

13.24 95.91

0.00 95.91
109.15
109.15
91282CDB4 US Treasury
Note

0.625% Due 10/15/2024
06/27/2022
06/28/2022
625,000.00

0.00 589,843.75

0.00 589,969.31

0.00 (789.79)
821.81

32.02 125.56

0.00 125.56
157.58
157.58
91282CDN8 US Treasury
Note
1% Due 12/15/2024
06/29/2022
06/30/2022
650,000.00

0.00 616,712.89

0.00 616,749.92

0.00 (266.39)
284.15

17.76 37.03

0.00 37.03

54.79 54.79
91282CED9 US Treasury
Note

1.75% Due 03/15/2025
06/02/2022
06/03/2022
600,000.00

0.00 582,656.25

0.00 583,134.23

0.00 (2,282.61)
3,081.52
798.91
477.98

0.00 477.98
1,276.89
1,276.89
91282CEH0 US Treasury
Note

2.625% Due 04/15/2025
06/28/2022
06/29/2022
600,000.00

0.00 590,320.31

0.00 590,339.27

0.00 (3,227.46)
3,313.52

86.06 18.96

0.00 18.96
105.02
105.02
Total Fixed Income 21,563,362.81

0.00 20,965,994.63

0.00 20,970,737.57

0.00 (62,731.86)
70,301.28
7,569.42
4,773.57

30.63 4,742.94
12,312.36 12,312.36

CASH & EQUIVALENT
31846V203 First American
Govt Obligation Fund Class Y
Various
Various
7,034,012.00
30,000,000.00
3,881.79
22,969,869.79
7,034,012.00

0.00 3,686.13

0.00 0.00

0.00 3,686.13
3,686.13
Chandler Asset Management - CONFIDENTIAL Page 19 Execution Time: 7/4/2022 2:20:58 AM174 Income Earned
As of June 30, 2022
City of Santa Paula
Account #10939
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
55380TWT3 MUFG Bank
Yankee CD

0.21% Due 09/20/2022
06/02/2022
06/06/2022
375,000.00

0.00 373,415.02

0.00 373,788.84

0.00 (551.25)
605.94

54.69 373.82

0.00 373.82
428.51
428.51
78012UW43 Royal Bank of Canada
Yankee CD

0.27% Due 10/20/2022
06/02/2022
06/06/2022
375,000.00

0.00 372,716.72

0.00 373,136.44

0.00 (641.25)
711.56

70.31 419.72

0.00 419.72
490.03
490.03
912796X61 US Treasury
Bill

1.722% Due 12/08/2022
06/08/2022
06/09/2022
600,000.00

0.00 594,775.08

0.00 595,406.66

0.00 0.00

0.00 0.00
631.58

0.00 631.58
631.58
631.58
912796XM6 US Treasury
Bill

1.091% Due 08/16/2022
06/08/2022
06/09/2022
600,000.00

0.00 598,763.31

0.00 599,163.42

0.00 0.00

0.00 0.00
400.11

0.00 400.11
400.11
400.11
Total Cash & Equivalent 8,984,012.00
30,000,000.00
1,943,551.92
22,969,869.79
8,975,507.36

0.00 2,493.63
1,317.50
3,811.13
1,825.23

0.00 1,825.23
5,636.36 5,636.36
TOTAL PORTFOLIO 30,547,374.81
30,000,000.00
22,909,546.55
22,969,869.79
29,946,244.93

0.00 (60,238.23)
71,618.78
11,380.55
6,598.80

30.63 6,568.17
17,948.72 17,948.72
Chandler Asset Management - CONFIDENTIAL Page 20 Execution Time: 7/4/2022 2:20:58 AM 175
Cash Flow Report
As of June 30, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/01/2022 Purchase 023135CE4 175,000.00 Amazon.com Inc Note 3% Due 4/13/2025
-173,178.25 -1,137.50 -174,315.75
07/01/2022 Purchase 4581X0EE4 550,000.00 Inter-American Dev Bank Note

3.25% Due 7/1/2024
-549,937.50 0.00 -549,937.50
07/01/2022 Sale 31846V203 724,253.25 First American Govt Obligation Fund Class Y 724,253.25 0.00 724,253.25 07/07/2022 Interest 3135G0X24 450,000.00 FNMA Note

1.625% Due 1/7/2025

0.00 3,656.25 3,656.25
07/15/2022 Interest 91282CCL3 650,000.00 US Treasury Note

0.375% Due 7/15/2024

0.00 1,218.75 1,218.75
07/15/2022 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
07/15/2022 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
07/15/2022 Paydown 89240BAC2 380,000.00 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
18,036.50 82.33 18,118.83
07/16/2022 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026

0.00 113.33 113.33
07/25/2022 Paydown 3137BTU25 380,000.00 FHLMC K724 A2

3.062% Due 11/25/2023
24,820.83 969.63 25,790.46
07/25/2022 Paydown 3137BHCY1 318,362.81 FHLMC K044 A2

2.811% Due 1/25/2025
9,779.40 745.76 10,525.16
07/25/2022 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
07/31/2022 Interest 91282CAB7 650,000.00 US Treasury Note

0.25% Due 7/31/2025

0.00 812.50 812.50
JUL 2022 53,774.23 7,815.00 61,589.23
08/15/2022 Interest 912828J27 600,000.00 US Treasury Note 2% Due 2/15/2025

0.00 6,000.00 6,000.00
08/15/2022 Interest 91282CCT6 625,000.00 US Treasury Note

0.375% Due 8/15/2024

0.00 1,171.88 1,171.88
08/15/2022 Interest 26442UAA2 550,000.00 Duke Energy Progress LLC Callable Note Cont 5/15/25

3.25% Due 8/15/2025

0.00 8,937.50 8,937.50
Chandler Asset Management - CONFIDENTIAL Page 21 Execution Time: 7/4/2022 2:20:58 AM 176
Cash Flow Report
As of June 30, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/15/2022 Interest 912828B66 600,000.00 US Treasury Note

2.75% Due 2/15/2024

0.00 8,250.00 8,250.00
08/15/2022 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
08/15/2022 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
08/15/2022 Paydown 89240BAC2 380,000.00 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
18,042.36 78.43 18,120.79
08/16/2022 Maturity 912796XM6 600,000.00 US Treasury Bill

1.091% Due 8/16/2022
600,000.00 0.00 600,000.00
08/16/2022 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026

0.00 113.33 113.33
08/19/2022 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
08/24/2022 Interest 3137EAEV7 550,000.00 FHLMC Note

0.25% Due 8/24/2023

0.00 687.50 687.50
08/25/2022 Interest 3135G05X7 400,000.00 FNMA Note

0.375% Due 8/25/2025

0.00 750.00 750.00
08/25/2022 Paydown 3137BTU25 380,000.00 FHLMC K724 A2

3.062% Due 11/25/2023
24,496.20 906.30 25,402.50
08/25/2022 Paydown 3137BHCY1 318,362.81 FHLMC K044 A2

2.811% Due 1/25/2025
9,811.06 722.86 10,533.92
08/25/2022 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
AUG 2022 652,349.62 29,817.25 682,166.87
09/05/2022 Interest 06051GHF9 550,000.00 Bank of America Corp Callable Note 1X 3/5/2023

3.55% Due 3/5/2024

0.00 9,762.50 9,762.50
09/08/2022 Interest 3130A0XE5 365,000.00 FHLB Note

3.25% Due 3/8/2024

0.00 5,931.25 5,931.25
09/08/2022 Interest 313383YJ4 550,000.00 FHLB Note

3.375% Due 9/8/2023

0.00 9,281.25 9,281.25
09/15/2022 Interest 91282CED9 600,000.00 US Treasury Note

1.75% Due 3/15/2025

0.00 5,250.00 5,250.00
Chandler Asset Management - CONFIDENTIAL Page 22 Execution Time: 7/4/2022 2:20:58 AM177 Cash Flow Report
As of June 30, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/15/2022 Interest 91282CCX7 650,000.00 US Treasury Note

0.375% Due 9/15/2024

0.00 1,218.75 1,218.75
09/15/2022 Paydown 89240BAC2 380,000.00 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
18,048.22 74.52 18,122.74
09/15/2022 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
09/15/2022 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
09/16/2022 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026

0.00 113.33 113.33
09/19/2022 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
09/20/2022 Maturity 55380TWT3 375,000.00 MUFG Bank Yankee CD

0.21% Due 9/20/2022
375,000.00 783.13 375,783.13
09/25/2022 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
09/25/2022 Paydown 3137BHCY1 318,362.81 FHLMC K044 A2

2.811% Due 1/25/2025
9,842.85 699.87 10,542.72
09/25/2022 Paydown 3137BTU25 380,000.00 FHLMC K724 A2

3.062% Due 11/25/2023
24,174.91 843.79 25,018.70
SEP 2022 427,065.98 36,157.84 463,223.82
10/13/2022 Interest 023135CE4 550,000.00 Amazon.com Inc Note 3% Due 4/13/2025

0.00 8,250.00 8,250.00
10/15/2022 Interest 91282CBV2 625,000.00 US Treasury Note

0.375% Due 4/15/2024

0.00 1,171.88 1,171.88
10/15/2022 Interest 91282CAP6 625,000.00 US Treasury Note

0.125% Due 10/15/2023

0.00 390.63 390.63
10/15/2022 Interest 912828ZH6 625,000.00 US Treasury Note

0.25% Due 4/15/2023

0.00 781.25 781.25
10/15/2022 Interest 91282CDB4 625,000.00 US Treasury Note

0.625% Due 10/15/2024

0.00 1,953.13 1,953.13
10/15/2022 Interest 91282CEH0 600,000.00 US Treasury Note

2.625% Due 4/15/2025

0.00 7,875.00 7,875.00
Chandler Asset Management - CONFIDENTIAL Page 23 Execution Time: 7/4/2022 2:20:58 AM 178
Cash Flow Report
As of June 30, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/15/2022 Paydown 89240BAC2 380,000.00 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
18,054.09 70.61 18,124.70
10/15/2022 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
10/15/2022 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
10/16/2022 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026

0.00 113.33 113.33
10/19/2022 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
10/20/2022 Maturity 78012UW43 375,000.00 Royal Bank of Canada Yankee CD

0.27% Due 10/20/2022
375,000.00 1,023.75 376,023.75
10/25/2022 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
10/25/2022 Paydown 3137BTU25 380,000.00 FHLMC K724 A2

3.062% Due 11/25/2023
23,856.91 782.11 24,639.02
10/25/2022 Paydown 3137BHCY1 318,362.81 FHLMC K044 A2

2.811% Due 1/25/2025
9,874.73 676.82 10,551.55
OCT 2022 426,785.73 25,287.96 452,073.69
11/01/2022 Interest 06367WB85 575,000.00 Bank of Montreal Note

1.85% Due 5/1/2025

0.00 5,318.75 5,318.75
11/09/2022 Interest 3130APU29 500,000.00 FHLB Note

0.5% Due 11/9/2023

0.00 1,250.00 1,250.00
11/11/2022 Interest 037833CU2 550,000.00 Apple Inc Callable Note Cont 3/11/2024

2.85% Due 5/11/2024

0.00 7,837.50 7,837.50
11/15/2022 Interest 912828WJ5 600,000.00 US Treasury Note

2.5% Due 5/15/2024

0.00 7,500.00 7,500.00
11/15/2022 Interest 912828G38 625,000.00 US Treasury Note

2.25% Due 11/15/2024

0.00 7,031.25 7,031.25
11/15/2022 Interest 912828XB1 600,000.00 US Treasury Note

2.125% Due 5/15/2025

0.00 6,375.00 6,375.00
11/15/2022 Maturity 912828TY6 600,000.00 US Treasury Note

1.625% Due 11/15/2022
600,000.00 4,875.00 604,875.00
Chandler Asset Management - CONFIDENTIAL Page 24 Execution Time: 7/4/2022 2:20:58 AM 179
Cash Flow Report
As of June 30, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/15/2022 Paydown 89240BAC2 380,000.00 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
18,059.96 66.69 18,126.65
11/15/2022 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
11/15/2022 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
11/16/2022 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026

0.00 113.33 113.33
11/19/2022 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
11/25/2022 Paydown 3137BTU25 380,000.00 FHLMC K724 A2

3.062% Due 11/25/2023
23,542.20 721.23 24,263.43
11/25/2022 Paydown 3137BHCY1 318,362.81 FHLMC K044 A2

2.811% Due 1/25/2025
9,906.71 653.69 10,560.40
11/25/2022 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
NOV 2022 651,508.87 43,941.89 695,450.76
12/08/2022 Interest 3130A0F70 450,000.00 FHLB Note

3.375% Due 12/8/2023

0.00 7,593.75 7,593.75
12/08/2022 Maturity 912796X61 600,000.00 US Treasury Bill

1.722% Due 12/8/2022
600,000.00 0.00 600,000.00
12/13/2022 Interest 06406RBF3 550,000.00 Bank of NY Mellon Corp Callable Note Cont 6/13/2024

3.43% Due 6/13/2025

0.00 9,432.50 9,432.50
12/14/2022 Interest 46647PDE3 550,000.00 JP Morgan Chase & Co Callable Note Cont 6/14/2025

3.845% Due 6/14/2025

0.00 10,749.98 10,749.98
12/15/2022 Interest 912828ZU7 625,000.00 US Treasury Note

0.25% Due 6/15/2023

0.00 781.25 781.25
12/15/2022 Interest 91282CDN8 650,000.00 US Treasury Note 1% Due 12/15/2024

0.00 3,250.00 3,250.00
12/15/2022 Paydown 89240BAC2 380,000.00 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
18,065.83 62.78 18,128.61
12/15/2022 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
Chandler Asset Management - CONFIDENTIAL Page 25 Execution Time: 7/4/2022 2:20:58 AM 180
Cash Flow Report
As of June 30, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/15/2022 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
12/16/2022 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026

0.00 113.33 113.33
12/17/2022 Interest 3133ENYX2 375,000.00 FFCB Note

3.25% Due 6/17/2024

0.00 6,093.75 6,093.75
12/19/2022 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
12/25/2022 Paydown 3137BHCY1 318,362.81 FHLMC K044 A2

2.811% Due 1/25/2025
9,938.80 630.48 10,569.28
12/25/2022 Paydown 3137BTU25 380,000.00 FHLMC K724 A2

3.062% Due 11/25/2023
23,230.72 661.16 23,891.88
12/25/2022 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
12/28/2022 Interest 3130ASDS5 365,000.00 FHLB Note

2.75% Due 6/28/2024

0.00 5,520.63 5,520.63
DEC 2022 651,235.35 47,089.06 698,324.41
01/01/2023 Interest 4581X0EE4 550,000.00 Inter-American Dev Bank Note

3.25% Due 7/1/2024

0.00 8,937.50 8,937.50
01/07/2023 Interest 3135G0X24 450,000.00 FNMA Note

1.625% Due 1/7/2025

0.00 3,656.25 3,656.25
01/15/2023 Interest 91282CCL3 650,000.00 US Treasury Note

0.375% Due 7/15/2024

0.00 1,218.75 1,218.75
01/15/2023 Paydown 89240BAC2 380,000.00 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
18,071.70 58.87 18,130.57
01/15/2023 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
01/15/2023 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
01/16/2023 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026

0.00 113.33 113.33
01/19/2023 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
Chandler Asset Management - CONFIDENTIAL Page 26 Execution Time: 7/4/2022 2:20:58 AM 181
Cash Flow Report
As of June 30, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/25/2023 Paydown 3137BHCY1 318,362.81 FHLMC K044 A2

2.811% Due 1/25/2025
9,971.00 607.20 10,578.20
01/25/2023 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
01/25/2023 Paydown 3137BTU25 380,000.00 FHLMC K724 A2

3.062% Due 11/25/2023
22,922.46 601.88 23,524.34
01/31/2023 Interest 91282CAB7 650,000.00 US Treasury Note

0.25% Due 7/31/2025

0.00 812.50 812.50
JAN 2023 50,965.16 18,205.73 69,170.89
02/15/2023 Interest 26442UAA2 550,000.00 Duke Energy Progress LLC Callable Note Cont 5/15/25

3.25% Due 8/15/2025

0.00 8,937.50 8,937.50
02/15/2023 Interest 91282CCT6 625,000.00 US Treasury Note

0.375% Due 8/15/2024

0.00 1,171.88 1,171.88
02/15/2023 Interest 912828B66 600,000.00 US Treasury Note

2.75% Due 2/15/2024

0.00 8,250.00 8,250.00
02/15/2023 Interest 912828J27 600,000.00 US Treasury Note 2% Due 2/15/2025

0.00 6,000.00 6,000.00
02/15/2023 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
02/15/2023 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
02/15/2023 Paydown 89240BAC2 380,000.00 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
18,077.57 54.95 18,132.52
02/16/2023 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026

0.00 113.33 113.33
02/19/2023 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
02/24/2023 Interest 3137EAEV7 550,000.00 FHLMC Note

0.25% Due 8/24/2023

0.00 687.50 687.50
02/25/2023 Interest 3135G05X7 400,000.00 FNMA Note

0.375% Due 8/25/2025

0.00 750.00 750.00
02/25/2023 Paydown 3137BTU25 380,000.00 FHLMC K724 A2

3.062% Due 11/25/2023
22,617.38 543.39 23,160.77
Chandler Asset Management - CONFIDENTIAL Page 27 Execution Time: 7/4/2022 2:20:58 AM 182
Cash Flow Report
As of June 30, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/25/2023 Paydown 3137BHCY1 318,362.81 FHLMC K044 A2

2.811% Due 1/25/2025
10,003.30 583.84 10,587.14
02/25/2023 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
FEB 2023 50,698.25 29,291.84 79,990.09
03/05/2023 Interest 06051GHF9 550,000.00 Bank of America Corp Callable Note 1X 3/5/2023

3.55% Due 3/5/2024

0.00 9,762.50 9,762.50
03/08/2023 Interest 3130A0XE5 365,000.00 FHLB Note

3.25% Due 3/8/2024

0.00 5,931.25 5,931.25
03/08/2023 Interest 313383YJ4 550,000.00 FHLB Note

3.375% Due 9/8/2023

0.00 9,281.25 9,281.25
03/15/2023 Interest 91282CCX7 650,000.00 US Treasury Note

0.375% Due 9/15/2024

0.00 1,218.75 1,218.75
03/15/2023 Interest 91282CED9 600,000.00 US Treasury Note

1.75% Due 3/15/2025

0.00 5,250.00 5,250.00
03/15/2023 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
03/15/2023 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
03/15/2023 Paydown 89240BAC2 380,000.00 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
18,083.45 51.03 18,134.48
03/16/2023 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026

0.00 113.33 113.33
03/19/2023 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
03/25/2023 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
03/25/2023 Paydown 3137BTU25 380,000.00 FHLMC K724 A2

3.062% Due 11/25/2023
22,315.45 485.68 22,801.13
03/25/2023 Paydown 3137BHCY1 318,362.81 FHLMC K044 A2

2.811% Due 1/25/2025
10,035.70 560.41 10,596.11
MAR 2023 50,434.60 34,853.65 85,288.25
04/13/2023 Interest 023135CE4 550,000.00 Amazon.com Inc Note 3% Due 4/13/2025

0.00 8,250.00 8,250.00
Chandler Asset Management - CONFIDENTIAL Page 28 Execution Time: 7/4/2022 2:20:58 AM 183
Cash Flow Report
As of June 30, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/15/2023 Interest 91282CBV2 625,000.00 US Treasury Note

0.375% Due 4/15/2024

0.00 1,171.88 1,171.88
04/15/2023 Interest 91282CEH0 600,000.00 US Treasury Note

2.625% Due 4/15/2025

0.00 7,875.00 7,875.00
04/15/2023 Interest 91282CAP6 625,000.00 US Treasury Note

0.125% Due 10/15/2023

0.00 390.63 390.63
04/15/2023 Interest 91282CDB4 625,000.00 US Treasury Note

0.625% Due 10/15/2024

0.00 1,953.13 1,953.13
04/15/2023 Maturity 912828ZH6 625,000.00 US Treasury Note

0.25% Due 4/15/2023
625,000.00 781.25 625,781.25
04/15/2023 Paydown 89240BAC2 380,000.00 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
18,089.32 47.12 18,136.44
04/15/2023 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
04/15/2023 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
04/16/2023 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026

0.00 113.33 113.33
04/19/2023 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
04/25/2023 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
04/25/2023 Paydown 3137BHCY1 318,362.81 FHLMC K044 A2

2.811% Due 1/25/2025
10,068.21 536.90 10,605.11
04/25/2023 Paydown 3137BTU25 380,000.00 FHLMC K724 A2

3.062% Due 11/25/2023
22,016.64 428.74 22,445.38
APR 2023 675,174.17 23,747.43 698,921.60
05/01/2023 Interest 06367WB85 575,000.00 Bank of Montreal Note

1.85% Due 5/1/2025

0.00 5,318.75 5,318.75
05/09/2023 Interest 3130APU29 500,000.00 FHLB Note

0.5% Due 11/9/2023

0.00 1,250.00 1,250.00
05/11/2023 Interest 037833CU2 550,000.00 Apple Inc Callable Note Cont 3/11/2024

2.85% Due 5/11/2024

0.00 7,837.50 7,837.50
Chandler Asset Management - CONFIDENTIAL Page 29 Execution Time: 7/4/2022 2:20:58 AM 184
Cash Flow Report
As of June 30, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/15/2023 Interest 912828G38 625,000.00 US Treasury Note

2.25% Due 11/15/2024

0.00 7,031.25 7,031.25
05/15/2023 Interest 912828WJ5 600,000.00 US Treasury Note

2.5% Due 5/15/2024

0.00 7,500.00 7,500.00
05/15/2023 Interest 912828XB1 600,000.00 US Treasury Note

2.125% Due 5/15/2025

0.00 6,375.00 6,375.00
05/15/2023 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
05/15/2023 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
05/15/2023 Paydown 89240BAC2 380,000.00 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
18,095.20 43.20 18,138.40
05/16/2023 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026

0.00 113.33 113.33
05/19/2023 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
05/25/2023 Paydown 3137BHCY1 318,362.81 FHLMC K044 A2

2.811% Due 1/25/2025
10,100.82 513.31 10,614.13
05/25/2023 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
05/25/2023 Paydown 3137BTU25 380,000.00 FHLMC K724 A2

3.062% Due 11/25/2023
21,720.94 372.56 22,093.50
MAY 2023 49,916.96 38,554.35 88,471.31
06/05/2023 Interest 06051GHF9 550,000.00 Bank of America Corp Callable Note 1X 3/5/2023

3.55% Due 3/5/2024

0.00 4,465.65 4,465.65
06/08/2023 Interest 3130A0F70 450,000.00 FHLB Note

3.375% Due 12/8/2023

0.00 7,593.75 7,593.75
06/13/2023 Interest 06406RBF3 550,000.00 Bank of NY Mellon Corp Callable Note Cont 6/13/2024

3.43% Due 6/13/2025

0.00 9,432.50 9,432.50
06/14/2023 Interest 46647PDE3 550,000.00 JP Morgan Chase & Co Callable Note Cont 6/14/2025

3.845% Due 6/14/2025

0.00 10,691.24 10,691.24
06/15/2023 Interest 91282CDN8 650,000.00 US Treasury Note 1% Due 12/15/2024

0.00 3,250.00 3,250.00
Chandler Asset Management - CONFIDENTIAL Page 30 Execution Time: 7/4/2022 2:20:58 AM 185
Cash Flow Report
As of June 30, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/15/2023 Maturity 912828ZU7 625,000.00 US Treasury Note

0.25% Due 6/15/2023
625,000.00 781.25 625,781.25
06/15/2023 Paydown 89240BAC2 380,000.00 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
18,101.08 39.28 18,140.36
06/15/2023 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
06/15/2023 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
06/16/2023 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026

0.00 113.33 113.33
06/17/2023 Interest 3133ENYX2 375,000.00 FFCB Note

3.25% Due 6/17/2024

0.00 6,093.75 6,093.75
06/19/2023 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
06/25/2023 Paydown 3137BHCY1 318,362.81 FHLMC K044 A2

2.811% Due 1/25/2025
10,133.54 489.65 10,623.19
06/25/2023 Paydown 3137BTU25 380,000.00 FHLMC K724 A2

3.062% Due 11/25/2023
21,428.30 317.13 21,745.43
06/25/2023 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
06/28/2023 Interest 3130ASDS5 365,000.00 FHLB Note

2.75% Due 6/28/2024

0.00 5,018.75 5,018.75
JUN 2023 674,662.92 50,485.73 725,148.65
TOTAL 4,414,571.84 385,247.73 4,799,819.57
Chandler Asset Management - CONFIDENTIAL Page 31 Execution Time: 7/4/2022 2:20:58 AM 186
Important Disclosures City of Santa Paula
Account #10939
Chandler Asset Management, Inc. ;͞Chandler͟Ϳis an SEC registered investment adviser. For additional information about our firm, please see our current disclosures (Form ADV). To obtain a copy of our current disclosures, you may contact your client service representative by calling the number on the front of this statement or you may visit our website at www.chandlerasset.com.

Information contained in this monthly statement is confidential and is provided for informational purposes only and should not be construed as specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of this statement, but may become outdated or superseded at any time without notice.

Custody: Your qualified custodian bank maintains control of all assets reflected in this statement and we urge you to compare this statement to the one you receive from your qualified custodian. Chandler does not have any authority to withdraw or deposit funds from/to the custodian account.

Valuation: Prices are provided by IDC, an independent pricing source. In the event IDC does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.

Performance: Performance results are presented gross-of-advisory fees and represent the client͛s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.

Source ice Data Indices, LLC ("ICE"), used with permission. ICE PERMITS USE OF THE ICE INDICES AND RELATED DATA ON AN "AS IS" BASIS; ICE, ITS AFFILIATES AND THEIR RESPECTIVE

THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM. NEITHER ICE DATA, ITS AFFILIATES OR

THEIR RESPECTIVE THIRD PARTY PROVIDERS GUARANTEE THE QUALITY, ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN "AS IS" BASIS AND LICENSEE'S USE IS AT LICENSEE'S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND CHANDLER, OR ANY OF ITS PRODUCTS OR SERVICES.

Ratings: Ratings information have been provided by Moody͛s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.

Security level ratings for U.S. Agency issued mortgage-backed securities ;͞MBS͟Ϳreflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody͛s and Fitch respectively.

Chandler Asset Management - CONFIDENTIAL Page 32 Execution Time: 7/4/2022 2:20:58 AM 187
Exhibit F
------------------------------------ --------------------------

QTRLY INTEREST

SUMMARY OF CASH AND INVESTMENTS TOTAL EARNED
------------------------------------ -------------------------- Bank of the Sierra Checking Account $1,424,945.56 -
Petty Cash $4,100.00 -
Treasurer's Imprest Account - Bank of the Sierra $1,500.00 - Community Center Mastercard $1,117.70 -

INVESTMENTS
State of California-LAIF $30,906,306.34 $108,868.67
Chandler Asset Management $30,125,219.00 $178,973.69
Passbook Accounts $313,109.53 $39.46
Fiscal Agent Investments $68,064,232.72 $269.29
Total Investments $129,408,867.59 $288,151.11
------------------------------------------------------------------------------------------- --------------- ----------------------------- ------------------------------------ -------------------------- Grand Total $130,840,530.85 $288,151.11
==================================================== ======== ================ ==================== =============== All investments of the City are in compliance with the Statement of Investment Policy.

Maturities and cash availability will meet the City's budgeted expenditures for the next six months.

POOLED CASH INVESTMENTS

STATE OF CALIFORNIA LOCAL AGENCY INVESTMENT FUND (LAIF) ------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------ -------------------------- ------------------------ --------------------------- DESCRIPTION MATURITY 09/30 INTEREST INVESTED MARKET TOTAL QTRLY INTEREST

DATE RATE AMOUNT VALUE INVESTED EARNED
------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------ -------------------------- ------------------------ --------------------------- CITY ACCOUNT 1.35% $30,906,306.34 $30,906,306.34 $30,906,306.34 $108,868.67 ------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------ -------------------------- ------------------------ --------------------------- TOTAL LAIF ACCOUNTS $30,906,306.34 $30,906,306.34 $30,906,306.34 $108,868.67 ============================================================================== ==================== =============== ============= =============== CHANDLER ASSET MANAGEMENT*
* For more information, please see attached report.
------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------ -------------------------- ------------------------ --------------------------- DESCRIPTION MATURITY 09/30 INTEREST INVESTED BOOK VALUE MARKET TOTAL QTRLY INTEREST

SPECIFIC CASH INVESTMENTS

PASSBOOK
------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------ -------------------------- ------------------------ --------------------------- DESCRIPTION 09/30 INTEREST INVESTED MARKET TOTAL QTRLY INTEREST

RATE AMOUNT VALUE INVESTED EARNED
------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------ -------------------------- ------------------------ --------------------------- Bank of the Sierra CD 0.05% $313,109.53 $313,109.53 $313,109.53 $39.46 ------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------ -------------------------- ------------------------ --------------------------- TOTAL PASSBOOK ACCOUNTS $313,109.53 $313,109.53 $313,109.53 $39.46 ============================================================================== ==================== =============== ============= ===============

CASH WITH FISCAL AGENT - INVESTMENTS
------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------ -------------------------- ------------------------ --------------------------- --------------------------- DESCRIPTION 09/30 INTEREST INVESTED MARKET TOTAL PAR QTRLY INTEREST

CITY OF SANTA PAULA

TREASURER'S REPORT OF INVESTMENTS
FOR THE QUARTER ENDED SEPTEMBER 30, 2022
FOR THE COUNCIL MEETING OF MARCH 1, 2023

CITY OF SANTA PAULA

TREASURER'S REPORT OF INVESTMENTS
FOR THE QUARTER ENDED SEPTEMBER 30, 2022
188
The Bank of New York Mellon-Wastewater Project Fund 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$55,715,000 SANTA PAULA UTILITY AUTHORITY WATER ENTERPRISE REVENUE BONDS, 2010 SERIES The Bank of New York Mellon-Water Reserve Acct 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 The Bank of New York Mellon-Water Project Fund 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 The Bank of New York Mellon-Water Bond Fund 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 The Bank of New York Mellon-Water Interest Acct 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$67,195,000 SANTA PAULA UTILITY AUTHORITY 2015 WASTEWATER ENTERPRISE REVENUE BONDS The Bank of New York Mellon-Wastewater 2015 Bond Fund 0.00% $5.22 $5.22 $5.22 $5.22 - The Bank of New York Mellon-Wastewater 2015 Interest Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-Wastewater Reserve Acct 0.00% $25.27 $25.27 $25.27 $25.27 - $30.49
$37,165,000 SANTA PAULA UTILITY AUTHORITY 2019 WATER REVENUE BONDS The Bank of New York Mellon-Water 2019 Project Fund 0.03% $3,028,165.34 $3,028,165.34 $3,028,165.34 $3,028,165.34 229.61 The Bank of New York Mellon-Water 2019 Bond Fund 0.00% $10.75 $10.75 $10.75 $10.75 - The Bank of New York Mellon-Water 2019 COI Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-Water 2019 Escrow Fund 0.00% $0.00 $0.00 $0.00 $0.00 - $3,028,176.09
$19,380,000 HARVEST COMMUNITY FACILTIES DISTRICT NO. 1 IMPROVEMENT AREA A The Bank of New York Mellon-CFD 2020 Bond Fund 0.00% $0.35 $0.35 $0.35 $0.35 - The Bank of New York Mellon-CFD 2020 COI Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-CFD 2020 Improvement Fund 0.00% $45.24 $45.24 $45.24 $45.24 - The Bank of New York Mellon-CFD 2020 Reserve Fund 0.01% $1,537,716.10 $1,537,716.10 $1,537,716.10 $1,537,716.10 39.68 $1,537,761.69
SANTA PAULA UTILITY AUTHORITY REVENUE BONDS $3,765,000 SERIES A AND $65,360,000 SERIES B The Bank of New York Mellon-UA 2020 COI Fund 0.00% $1,633.27 $1,633.27 $1,633.27 $1,633.27 - The Bank of New York Mellon-UA 2020 Principal Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-UA 2020 Principal Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-UA 2020 COI Fund 0.00% $7,775.18 $7,775.18 $7,775.18 $7,775.18 - The Bank of New York Mellon-UA 2020 Escrow Fund 0.25% $63,488,856.00 $63,488,856.00 $63,488,856.00 $63,488,856.00 - $63,498,264.45
------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------ -------------------------- ------------------------ --------------------------- --------------------------- TOTAL FISCAL AGENT INVESTMENTS $68,064,232.72 $68,064,232.72 $68,064,232.72 $68,064,232.72 $269.29 ============================================================================== ==================== =============== ============= =============== =============== GRAND TOTAL INVESTMENTS $129,408,867.59 $109,177.42
189

MONTHLY ACCOUNT STATEMENT
City of Santa Paula - Account #10939
SEPTEMBER 1, 2022 THROUGH SEPTEMBER 30, 2022
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures.

CHANDLER ASSET MANAGEMENT
chandlerasset.com
Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian
US Bank
Alexander Bazan
(503) 402-5305
190

ACCOUNT SUMMARY
Beg. Values
as of 8/31/22
End Values
as of 9/30/22
Market Value 29,870,907 29,555,565
Accrued Interest 122,562 128,565
Total Market Value 29,993,469 29,684,130
Income Earned 82,029 78,645
Cont/WD -239
Par 30,686,288 30,736,285
Book Value 30,052,815 30,125,219
Cost Value 29,988,445 30,032,679

TOP ISSUERS
Government of United States 45.3%
Federal Home Loan Bank 10.5%
Federal Home Loan Mortgage Corp 7.8%
Federal Farm Credit Bank 4.4%
Federal National Mortgage Assoc 2.6%
Bank of America Corp 1.8%
Inter-American Dev Bank 1.8%
Apple Inc 1.8%
Total 76.1%

PORTFOLIO CHARACTERISTICS
Average Modified Duration 1.70
Average Coupon 1.96%
Average Purchase YTM 3.20%
Average Market YTM 4.29%
Average S&P/Moody Rating AA+/Aa1
Average Final Maturity 1.93 yrs
Average Life 1.78 yrs

SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (S&P) Portfolio Summary
As of September 30, 2022
City of Santa Paula
Account #10939

PERFORMANCE REVIEW
Annualized
TOTAL RATE OF RETURN 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS 6/30/2022 City of Santa Paula -1.03% -1.24% N/A N/A N/A N/A N/A N/A N/A ICE BofA 1-3 Yr US Treasury & Agency Index -1.18% -1.56% N/A N/A N/A N/A N/A N/A N/A Chandler Asset Management - CONFIDENTIAL Page 1 Execution Time: 10/3/2022 9:35:04 PM 191
Category Standard Comment
U.S. Treasuries No limitation; U.S. Treasury bills, notes, & bonds, or certificates of indebtedness, or those for which the full faith and credit of the U.S. Government are pledged for the payment of principal and interest Complies Federal Agencies
30% max per Agency/GSE issuer; 20% max callable agency securities; Federal agencies or U.S. government-sponsored enterprise obligations, participations, or other instruments, including those issued or fully guaranteed as to principal and interest by federal agencies or U.S. government sponsored enterprises.

1. (a) organized and operating in the U.S. as a general corporation (b) has assets > $500 million; (c) "A" rating category or higher by a NRSRO, if any debt

Complies
Statement of Compliance
As of September 30, 2022
City of Santa Paula
This portfolio is a consolidation of assets managed by Chandler Asset Management and assets managed internally by Client. Chandler relies on Client to provide accurate information for reporting assets and producing this compliance statement.
192
Money Market and Mutual Funds
Highest rating by two NRSROs; 20% max in Money Market or Mutual Funds; 20% per fund; Issued by diversified management companies; Registered with SEC under Investment Company Act of 1940; Money market or mutual funds intended to maintain constant net asset value and that invest solely in U.S. Treasuries and Federal Agency obligations and repurchase agreements invested in such obligations
Complies
Local Agency Investment Fund (LAIF) California State Treasurer's Local Agency Investment Fund (LAIF) as authorized by Gov. Code Section 16429.1(b). Complies Local Government Investment Pool
(LGIP)/ Other Pools/ Joint Powers
Authority
Shares of beneficial interest issued by a joint powers authority organized in the State of California pursuant to Gov. Code Section 53601 subdivisions (a) to (q), inclusive. Each share shall represent an equal proportional interest in the underlying pool of securities owned by the joint powers authority. Purchases are limited to those pools that seek to maintain a constant net asset value and are rated in the highest category by a NRSRO. The joint powers authority issuing the shares shall have retained an investment adviser that meets all of the following criteria: (1) registered or exempt from registration with the SEC; (2) has not less than five years of experience investing in the securities and obligations authorized in subdivisions (a) to (q), inclusive, of [Gov. Code] section 53601; and (3) has assets under management > $500,000,000 Complies
Ventura County Investment Pool (VCIP) Ventura County Treasurer's Investment Pool as authorized by California Government Code Complies Max Per Issuer
5% max per issuer, except for U.S. Treasury, Federal Agency securities, authorized pools, mutual funds, Supranationals, and collateralized investments Complies
Maximum Maturity 5 years max maturity Complies
193

BOOK VALUE RECONCILIATION
BEGINNING BOOK VALUE $30,052,815.08
Acquisition
+ Security Purchases $472,168.00
+ Money Market Fund Purchases $442,009.68
+ Money Market Contributions $0.00
+ Security Contributions $0.00
+ Security Transfers $0.00
Total Acquisitions $914,177.68
Dispositions
- Security Sales $0.00
- Money Market Fund Sales $473,034.67
- MMF Withdrawals $238.68
- Security Withdrawals $0.00
- Security Transfers $0.00
- Other Dispositions $0.00
- Maturites $375,000.00
- Calls $0.00
- Principal Paydowns $23,739.42
Total Dispositions $872,012.77
Amortization/Accretion
+/- Net Accretion $30,238.63
$30,238.63
Gain/Loss on Dispositions
+/- Realized Gain/Loss $0.00
$0.00
ENDING BOOK VALUE $30,125,218.62

CASH TRANSACTION SUMMARY
BEGINNING BALANCE $56,203.95
Acquisition
Contributions $0.00
Security Sale Proceeds $0.00
Accrued Interest Received $0.00
Interest Received $41,828.19
Dividend Received $658.95
Principal on Maturities $375,000.00
Interest on Maturities $783.12
Calls/Redemption (Principal) $0.00
Interest from Calls/Redemption $0.00
Principal Paydown $23,739.42
Total Acquisitions $442,009.68
Dispositions
Withdrawals $238.68
Security Purchase $472,168.00
Accrued Interest Paid $866.67
Total Dispositions $473,273.35
ENDING BOOK VALUE $24,940.28
Reconciliation Summary
As of September 30, 2022
City of Santa Paula
Account #10939
Chandler Asset Management - CONFIDENTIAL Page 3 Execution Time: 10/3/2022 9:35:04 PM 194
Holdings Report
As of September 30, 2022
City of Santa Paula
Account #10939
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
89240BAC2 Toyota Auto Receivables Owners 2021-
A A3

0.26% Due 5/15/2025
321,153.33 06/07/2022

2.63%
314,517.01
315,689.94

97.43 4.30%
312,910.61

37.11 1.05%
(2,779.33)
Aaa / NR
AAA

2.62 0.63
43815EAC8 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025
350,000.00 07/27/2022

3.40%
335,152.34
336,279.56

95.30 4.63%
333,535.30

51.82 1.12%
(2,744.26)

NR / AAA
AAA

3.14 1.13
05522RDC9 Bank of America Credit Card Tr 2020-A1
A1

0.34% Due 5/15/2026
380,000.00 06/15/2022

3.67%
361,757.03
365,298.71

95.19 4.51%
361,728.08

57.42 1.22%
(3,570.63)
Aaa / AAA
NR

3.62 1.17
362554AC1 GM Financial Securitized Term 2021-4
A3

0.68% Due 9/16/2026
200,000.00 06/13/2022

3.26%
190,492.19
191,513.92

94.24 5.04%
188,482.60

56.67 0.64%
(3,031.32)
Aaa / AAA
NR

3.96 1.34
02582JJR2 American Express 2021-1 A

0.9% Due 11/15/2026
265,000.00 06/28/2022

3.62%
248,748.05
250,504.01

92.41 4.72%
244,895.25
106.00

0.83%
(5,608.76)
Aaa / NR
AAA

4.13 2.04
44918MAD2 Hyundai Auto Receivables 2022-B A3

3.72% Due 11/16/2026
250,000.00 08/03/2022

3.64%
250,585.94
250,555.74

98.11 4.69%
245,265.50
413.33

0.83%
(5,290.24)

NR / AAA
AAA

4.13 2.02
47800AAC4 John Deere Owner Trust 2022-B A3

3.74% Due 2/16/2027
130,000.00 07/12/2022

3.77%
129,987.59
129,988.28

97.65 4.86%
126,950.59
216.09

0.43%
(3,037.69)
Aaa / NR
AAA

4.38 2.16
92348KAV5 Verizon Master Trust 2022-5 A1A

3.72% Due 7/20/2027
115,000.00 08/02/2022

3.75%
114,994.94
114,995.19

99.05 4.51%
113,902.90
130.72

0.38%
(1,092.29)

NR / AAA
AAA

4.81 1.79
Total ABS 2,011,153.33 3.42%
1,946,235.09
1,954,825.35 4.62%
1,927,670.83
1,069.16

6.50%
(27,154.52)
Aaa / AAA
AAA

3.66 1.41
AGENCY
3133834G3 FHLB Note

2.125% Due 6/9/2023
70,000.00 08/11/2022

3.24%
69,368.60
69,473.48

98.54 4.28%
68,981.08
462.78

0.23%
(492.40)
Aaa / AA+
NR

0.69 0.67
3137EAEV7 FHLMC Note

0.25% Due 8/24/2023
550,000.00 06/28/2022

3.00%
532,988.50
536,786.79

96.54 4.21%
530,982.65
141.32

1.79%
(5,804.14)
Aaa / AA+
AAA

0.90 0.88
313383YJ4 FHLB Note

3.375% Due 9/8/2023
550,000.00 06/27/2022

2.99%
552,447.50
551,915.43

99.10 4.36%
545,064.85
1,185.94

1.84%
(6,850.58)
Aaa / AA+
NR

0.94 0.91
3133EMAM4 FFCB Callable Note Cont 9/21/2022

0.25% Due 9/21/2023
450,000.00 07/21/2022

3.26%
434,650.50
437,208.75

95.93 4.56%
431,699.85

31.25 1.45%
(5,508.90)
Aaa / AA+
AAA

0.98 0.95
3130APU29 FHLB Note

0.5% Due 11/9/2023
500,000.00 06/28/2022

3.06%
483,030.00
486,233.17

95.95 4.28%
479,742.50
986.11

1.62%
(6,490.67)
Aaa / AA+
NR

1.11 1.08
Chandler Asset Management - CONFIDENTIAL Page 4 Execution Time: 10/3/2022 9:35:04 PM 195
Holdings Report
As of September 30, 2022
City of Santa Paula
Account #10939
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
AGENCY
3130A0F70 FHLB Note

3.375% Due 12/8/2023
450,000.00 06/27/2022

3.10%
451,719.00
451,409.71

98.80 4.42%
444,578.85
4,767.19

1.51%
(6,830.86)
Aaa / AA+
AAA

1.19 1.14
3130A0XE5 FHLB Note

3.25% Due 3/8/2024
365,000.00 06/13/2022

3.23%
365,087.60
365,072.52

98.48 4.35%
359,433.75
757.88

1.21%
(5,638.77)
Aaa / AA+
NR

1.44 1.38
3133ENYX2 FFCB Note

3.25% Due 6/17/2024
375,000.00 06/15/2022

3.40%
373,946.25
374,099.05

98.25 4.32%
368,421.38
3,520.83

1.25%
(5,677.67)
Aaa / AA+
AAA

1.72 1.63
3130ASDS5 FHLB Note

2.75% Due 6/28/2024
365,000.00 06/09/2022

2.87%
364,153.20
364,280.95

97.32 4.36%
355,218.73
3,094.90

1.21%
(9,062.22)
Aaa / AA+
NR

1.75 1.67
3130ASME6 FHLB Note
3% Due 7/8/2024
500,000.00 07/07/2022

3.10%
499,030.00
499,142.79

97.80 4.30%
488,997.50
3,458.33

1.66%
(10,145.29)
Aaa / AA+
NR

1.77 1.69
3133ENG20 FFCB Note

3.3% Due 8/15/2024
500,000.00 08/16/2022

3.30%
500,030.00
500,028.15

98.25 4.28%
491,237.00
2,108.33

1.66%
(8,791.15)
Aaa / AA+
AAA

1.88 1.79
3130AQF40 FHLB Note
1% Due 12/20/2024
400,000.00 07/27/2022

3.15%
380,296.00
381,758.05

92.98 4.35%
371,904.00
1,122.22

1.26%
(9,854.05)
Aaa / AA+
AAA

2.22 2.15
3135G0X24 FNMA Note

1.625% Due 1/7/2025
450,000.00 06/21/2022

3.34%
431,334.00
433,361.17

94.36 4.26%
424,609.65
1,706.25

1.44%
(8,751.52)
Aaa / AA+
AAA

2.27 2.18
3135G05X7 FNMA Note

0.375% Due 8/25/2025
400,000.00 06/22/2022

3.27%
365,400.00
368,385.33

89.43 4.29%
357,718.40
150.00

1.21%
(10,666.93)
Aaa / AA+
AAA

2.90 2.83
Total Agency 5,925,000.00 3.15%
5,803,481.15
5,819,155.34 4.33%
5,718,590.19
23,493.33

19.34%
(100,565.15)
Aaa / AA+
AAA

1.56 1.50
CMO
3137BTU25 FHLMC K724 A2

3.062% Due 11/25/2023
353,475.72 06/13/2022

3.46%
351,777.38
352,122.20

98.62 4.35%
348,605.19
901.95

1.18%
(3,517.01)

NR / NR
AAA

1.15 0.93
3137BFXT3 FHLMC K042 A2

2.67% Due 12/25/2024
380,000.00 06/22/2022

3.52%
372,459.38
373,274.58

96.07 4.60%
365,054.98
169.10

1.23%
(8,219.60)
Aaa / NR
NR

2.24 1.99
3137BHCY1 FHLMC K044 A2

2.811% Due 1/25/2025
316,715.19 06/16/2022

4.46%
309,440.65
310,235.81

96.19 4.61%
304,650.24
741.91

1.03%
(5,585.57)

NR / NR
AAA

2.32 2.06
3137BM7C4 FHLMC K051 A2

3.308% Due 9/25/2025
380,000.00 06/23/2022

3.33%
379,198.44
379,264.03

96.42 4.62%
366,388.78
1,047.53

1.24%
(12,875.25)

NR / NR
AAA

2.99 2.65
Chandler Asset Management - CONFIDENTIAL Page 5 Execution Time: 10/3/2022 9:35:04 PM 196
Holdings Report
As of September 30, 2022
City of Santa Paula
Account #10939
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
CMO
3137BTAC5 FHLMC K060 A2

3.3% Due 10/25/2026
400,000.00 07/28/2022

3.10%
402,437.50
402,335.20

95.27 4.57%
381,077.20
1,100.00

1.29%
(21,258.00)

NR / NR
AAA

4.07 3.70
Total CMO 1,830,190.91 3.54%
1,815,313.35
1,817,231.82 4.55%
1,765,776.39
3,960.49

5.96%
(51,455.43)
Aaa / NR
AAA

2.59 2.30

CORPORATE
06051GHF9 Bank of America Corp Callable Note 1X
3/5/2023

3.55% Due 3/5/2024
550,000.00 06/28/2022

4.36%
548,647.00
548,851.93

99.22 4.90%
545,706.70
1,410.14

1.84%
(3,145.23)
A2 / AAA1.43

1.36 037833CU2 Apple Inc Callable Note Cont 3/11/2024

2.85% Due 5/11/2024
550,000.00 Various

3.24%
546,140.25
546,686.86

97.56 4.43%
536,569.56
6,095.83

1.83%
(10,117.30)
Aaa / AA+
NR

1.61 1.54
023135CE4 Amazon.com Inc Note
3% Due 4/13/2025
550,000.00 Various

3.12%
548,249.50
548,406.30

96.56 4.45%
531,106.40
7,700.00

1.82%
(17,299.90)
A1 / AA
AA2.542.37
06367WB85 Bank of Montreal Note

1.85% Due 5/1/2025
575,000.00 06/27/2022

4.01%
542,000.75
544,992.00

92.02 5.19%
529,086.82
4,432.29

1.80%
(15,905.18)
A2 / AAA2.59

2.45 06406RBF3 Bank of NY Mellon Corp Callable Note
Cont 6/13/2024

3.43% Due 6/13/2025
550,000.00 Various

3.54%
548,586.00
548,707.87

97.45 4.50%
536,001.40
5,659.50

1.82%
(12,706.47)
A1 / A
AA2.702.52
46647PDE3 JP Morgan Chase & Co Callable Note
Cont 6/14/2025

3.845% Due 6/14/2025
550,000.00 06/27/2022

4.26%
544,335.00
544,827.61

97.17 5.01%
534,448.75
6,402.99

1.82%
(10,378.86)
A1 / AAA2.71

2.53 26442UAA2 Duke Energy Progress LLC Callable Note
Cont 5/15/25

3.25% Due 8/15/2025
550,000.00 06/27/2022

3.68%
543,120.00
543,685.81

95.82 4.82%
526,992.40
2,284.03

1.78%
(16,693.41)
Aa3 / A
NR

2.88 2.69
194162AM5 Colgate Palmolive Co. Note

3.1% Due 8/15/2025
160,000.00 08/01/2022

3.13%
159,852.80
159,859.88

96.60 4.37%
154,567.68
716.44

0.52%
(5,292.20)
Aa3 / AANR2.88

2.70 931142EW9 Wal-Mart Stores Note

3.9% Due 9/9/2025
480,000.00 Various

4.50%
472,168.00
472,183.57

98.21 4.55%
471,429.12
1,144.00

1.59%
(754.45)
Aa2 / AA
AA

2.95 2.74
Chandler Asset Management - CONFIDENTIAL Page 6 Execution Time: 10/3/2022 9:35:04 PM 197
Holdings Report
As of September 30, 2022
City of Santa Paula
Account #10939
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

CORPORATE
92826CAD4 Visa Inc Callable Note Cont 9/14/2025

3.15% Due 12/14/2025
500,000.00 08/17/2022

3.57%
493,510.00
493,740.07

95.49 4.68%
477,432.50
4,681.25

1.62%
(16,307.57)
Aa3 / AANR3.21

2.97 Total Corporate 5,015,000.00 3.78%
4,946,609.30
4,951,941.90 4.72%
4,843,341.33
40,526.47

16.45%
(108,600.57)
A1 / A+
AA2.512.35

MONEY MARKET FUND
31846V203 First American Govt Obligation Fund
Class Y
24,940.28 Various

2.45%
24,940.28
24,940.28

1.00 2.45%
24,940.28

0.00 0.08%

0.00 Aaa / AAA
AAA

0.00 0.00
Total Money Market Fund 24,940.28 2.45%
24,940.28
24,940.28 2.45%
24,940.28

0.00 0.08%

0.00 Aaa / AAA
AAA

0.00 0.00

NEGOTIABLE CD
78012UW43 Royal Bank of Canada Yankee CD

0.27% Due 10/20/2022
375,000.00 06/02/2022

1.89%
372,716.72
374,681.01

99.84 3.09%
374,411.63
970.31

1.26%
(269.38)
P-1 / A-1+
F-1+

0.05 0.05
06417MB53 Bank of Nova Scotia Houston Yankee CD

3.7% Due 7/31/2023
500,000.00 07/29/2022

3.70%
500,000.00
500,000.00

99.25 4.59%
496,249.00
3,288.89

1.68%
(3,751.00)
P-1 / A-1
F-1+

0.83 0.81
Total Negotiable CD 875,000.00 2.92%
872,716.72
874,681.01 3.95%
870,660.63
4,259.20

2.95%
(4,020.38)
P-1 / A-1
F-1+

0.50 0.49

SUPRANATIONAL
4581X0EE4 Inter-American Dev Bank Note

3.25% Due 7/1/2024
550,000.00 Various

3.26%
549,937.50
549,945.37

98.07 4.41%
539,369.05
4,468.75

1.83%
(10,576.32)
Aaa / AAA
AAA

1.75 1.67
459058EP4 Intl. Bank Recon & Development Note

2.5% Due 7/29/2025
500,000.00 08/16/2022

3.31%
488,765.00
489,224.42

95.10 4.36%
475,504.50
2,152.78

1.61%
(13,719.92)
Aaa / AAA
AAA

2.83 2.68
Total Supranational 1,050,000.00 3.28%
1,038,702.50
1,039,169.79 4.38%
1,014,873.55
6,621.53

3.44%
(24,296.24)
Aaa / AAA
AAA

2.26 2.14
Chandler Asset Management - CONFIDENTIAL Page 7 Execution Time: 10/3/2022 9:35:04 PM 198
Holdings Report
As of September 30, 2022
City of Santa Paula
Account #10939
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

US TREASURY
912828TY6 US Treasury Note

1.625% Due 11/15/2022
600,000.00 06/08/2022

1.63%
600,000.00
600,000.00

99.82 3.04%
598,930.80
3,682.74

2.03%
(1,069.20)
Aaa / AA+
AAA

0.13 0.12
912796X61 US Treasury Bill

1.722% Due 12/8/2022
600,000.00 06/08/2022

1.76%
594,775.08
598,047.83

99.67 1.76%
598,047.83

0.00 2.01%

0.00 P-1 / A-1+
F-1+

0.19 0.19
912828UN8 US Treasury Note
2% Due 2/15/2023
600,000.00 07/27/2022

2.91%
597,046.88
597,997.14

99.37 3.69%
596,226.60
1,532.61

2.01%
(1,770.54)
Aaa / AA+
AAA

0.38 0.37
912828ZH6 US Treasury Note

0.25% Due 4/15/2023
625,000.00 06/28/2022

2.85%
612,329.10
616,436.22

98.05 3.93%
612,817.50
721.48

2.07%
(3,618.72)
Aaa / AA+
AAA

0.54 0.53
912828ZU7 US Treasury Note

0.25% Due 6/15/2023
625,000.00 06/29/2022

2.93%
609,252.93
613,437.15

97.34 4.11%
608,349.38
461.07

2.05%
(5,087.77)
Aaa / AA+
AAA

0.71 0.69
91282CAP6 US Treasury Note

0.125% Due 10/15/2023
625,000.00 06/29/2022

3.06%
601,928.71
606,474.54

95.82 4.27%
598,876.88
360.74

2.02%
(7,597.66)
Aaa / AA+
AAA

1.04 1.02
9128285Z9 US Treasury Note

2.5% Due 1/31/2024
600,000.00 07/18/2022

3.20%
593,789.06
594,608.33

97.65 4.33%
585,913.80
2,527.17

1.98%
(8,694.53)
Aaa / AA+
AAA

1.34 1.29
912828B66 US Treasury Note

2.75% Due 2/15/2024
600,000.00 06/28/2022

3.09%
596,812.50
597,315.23

97.88 4.35%
587,296.80
2,107.34

1.99%
(10,018.43)
Aaa / AA+
AAA

1.38 1.33
91282CEG2 US Treasury Note

2.25% Due 3/31/2024
230,000.00 07/18/2022

3.21%
226,370.31
226,802.83

97.02 4.32%
223,153.82

14.22 0.75%
(3,649.01)
Aaa / AA+
AAA

1.50 1.45
91282CBV2 US Treasury Note

0.375% Due 4/15/2024
625,000.00 06/27/2022

3.13%
595,166.02
599,479.91

94.18 4.32%
588,647.50
1,082.22

1.99%
(10,832.41)
Aaa / AA+
AAA

1.54 1.50
912828WJ5 US Treasury Note

2.5% Due 5/15/2024
600,000.00 06/28/2022

3.13%
593,156.25
594,094.02

97.16 4.33%
582,937.20
5,665.76

1.98%
(11,156.82)
Aaa / AA+
AAA

1.62 1.55
912828XX3 US Treasury Note
2% Due 6/30/2024
500,000.00 07/25/2022

3.01%
490,566.41
491,462.94

96.18 4.29%
480,898.50
2,527.17

1.63%
(10,564.44)
Aaa / AA+
AAA

1.75 1.68
91282CCL3 US Treasury Note

0.375% Due 7/15/2024
650,000.00 06/28/2022

3.14%
614,656.25
619,103.79

93.39 4.24%
607,064.25
516.64

2.05%
(12,039.54)
Aaa / AA+
AAA

1.79 1.75
91282CCT6 US Treasury Note

0.375% Due 8/15/2024
625,000.00 06/27/2022

3.16%
589,331.05
593,680.92

93.06 4.27%
581,616.25
299.34

1.96%
(12,064.67)
Aaa / AA+
AAA

1.88 1.83
91282CCX7 US Treasury Note

0.375% Due 9/15/2024
650,000.00 06/28/2022

3.19%
611,203.13
615,711.05

92.80 4.25%
603,179.85
107.73

2.03%
(12,531.20)
Aaa / AA+
AAA

1.96 1.91
91282CDB4 US Treasury Note

0.625% Due 10/15/2024
625,000.00 06/27/2022

3.18%
589,843.75
593,819.75

92.99 4.25%
581,201.25
1,803.71

1.96%
(12,618.50)
Aaa / AA+
AAA

2.04 1.98
Chandler Asset Management - CONFIDENTIAL Page 8 Execution Time: 10/3/2022 9:35:04 PM 199
Holdings Report
As of September 30, 2022
City of Santa Paula
Account #10939
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

US TREASURY
912828G38 US Treasury Note

2.25% Due 11/15/2024
625,000.00 06/29/2022

3.16%
612,060.55
613,445.32

95.96 4.26%
599,731.25
5,311.65

2.04%
(13,714.07)
Aaa / AA+
AAA

2.13 2.03
91282CDN8 US Treasury Note
1% Due 12/15/2024
650,000.00 06/29/2022

3.18%
616,712.89
620,156.38

93.23 4.25%
605,972.90
1,918.03

2.05%
(14,183.48)
Aaa / AA+
AAA

2.21 2.14
912828J27 US Treasury Note
2% Due 2/15/2025
600,000.00 06/27/2022

3.22%
581,648.44
583,458.82

94.91 4.28%
569,437.20
1,532.61

1.92%
(14,021.62)
Aaa / AA+
AAA

2.38 2.28
91282CED9 US Treasury Note

1.75% Due 3/15/2025
600,000.00 06/02/2022

2.84%
582,656.25
584,704.72

94.18 4.27%
565,078.20
464.09

1.91%
(19,626.52)
Aaa / AA+
AAA

2.46 2.36
91282CEH0 US Treasury Note

2.625% Due 4/15/2025
900,000.00 Various

3.11%
888,492.19
889,501.43

96.06 4.28%
864,527.40
10,908.81

2.95%
(24,974.03)
Aaa / AA+
AAA

2.54 2.39
912828XB1 US Treasury Note

2.125% Due 5/15/2025
600,000.00 06/02/2022

2.83%
588,070.31
589,399.52

94.77 4.25%
568,640.40
4,815.90

1.93%
(20,759.12)
Aaa / AA+
AAA

2.62 2.49
91282CAB7 US Treasury Note

0.25% Due 7/31/2025
650,000.00 06/02/2022

2.87%
598,812.50
604,135.29

89.41 4.26%
581,166.30
273.78

1.96%
(22,968.99)
Aaa / AA+
AAA

2.84 2.77
Total US Treasury 14,005,000.00 2.94%
13,584,680.56
13,643,273.13 4.06%
13,389,711.86
48,634.81

45.27%
(253,561.27)
Aaa / AA+
AAA

1.62 1.56
TOTAL PORTFOLIO 30,736,284.52 3.20%
30,032,678.95
30,125,218.62 4.29%
29,555,565.06
128,564.99
100.00%
(569,653.56)
Aa1 / AA+
AAA

1.93 1.70
TOTAL MARKET VALUE PLUS ACCRUED 29,684,130.05
Chandler Asset Management - CONFIDENTIAL Page 9 Execution Time: 10/3/2022 9:35:04 PM 200
Transaction Ledger
As of September 30, 2022
City of Santa Paula
Account #10939
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 09/01/2022 31846V203 658.95 First American Govt Obligation Fund Class Y

1.000 1.73% 658.95 0.00 658.95 0.00
Purchase 09/05/2022 31846V203 9,762.50 First American Govt Obligation Fund Class Y

1.000 1.73% 9,762.50 0.00 9,762.50 0.00
Purchase 09/08/2022 31846V203 15,212.50 First American Govt Obligation Fund Class Y

1.000 1.73% 15,212.50 0.00 15,212.50 0.00
Purchase 09/09/2022 931142EW9 80,000.00 Wal-Mart Stores Note

3.9% Due 9/9/2025

99.930 3.92% 79,944.00 0.00 79,944.00 0.00
Purchase 09/15/2022 31846V203 6,468.75 First American Govt Obligation Fund Class Y

1.000 1.73% 6,468.75 0.00 6,468.75 0.00
Purchase 09/15/2022 31846V203 22,808.13 First American Govt Obligation Fund Class Y

1.000 1.73% 22,808.13 0.00 22,808.13 0.00
Purchase 09/15/2022 31846V203 742.81 First American Govt Obligation Fund Class Y

1.000 1.73% 742.81 0.00 742.81 0.00
Purchase 09/15/2022 31846V203 775.00 First American Govt Obligation Fund Class Y

1.000 1.73% 775.00 0.00 775.00 0.00
Purchase 09/15/2022 31846V203 107.67 First American Govt Obligation Fund Class Y

1.000 1.73% 107.67 0.00 107.67 0.00
Purchase 09/15/2022 31846V203 198.75 First American Govt Obligation Fund Class Y

1.000 1.73% 198.75 0.00 198.75 0.00
Purchase 09/16/2022 31846V203 113.33 First American Govt Obligation Fund Class Y

1.000 1.73% 113.33 0.00 113.33 0.00
Purchase 09/19/2022 31846V203 119.58 First American Govt Obligation Fund Class Y

1.000 1.73% 119.58 0.00 119.58 0.00
Purchase 09/20/2022 31846V203 375,783.12 First American Govt Obligation Fund Class Y

1.000 1.73% 375,783.12 0.00 375,783.12 0.00
Purchase 09/20/2022 31846V203 463.45 First American Govt Obligation Fund Class Y

1.000 1.73% 463.45 0.00 463.45 0.00
Purchase 09/21/2022 31846V203 562.50 First American Govt Obligation Fund Class Y

1.000 1.73% 562.50 0.00 562.50 0.00
Purchase 09/26/2022 31846V203 845.50 First American Govt Obligation Fund Class Y

1.000 1.73% 845.50 0.00 845.50 0.00
Chandler Asset Management - CONFIDENTIAL Page 10 Execution Time: 10/3/2022 9:35:04 PM 201
Transaction Ledger
As of September 30, 2022
City of Santa Paula
Account #10939
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 09/26/2022 31846V203 1,047.53 First American Govt Obligation Fund Class Y

1.000 1.73% 1,047.53 0.00 1,047.53 0.00
Purchase 09/26/2022 31846V203 1,100.00 First American Govt Obligation Fund Class Y

1.000 1.73% 1,100.00 0.00 1,100.00 0.00
Purchase 09/26/2022 31846V203 1,282.94 First American Govt Obligation Fund Class Y

1.000 1.73% 1,282.94 0.00 1,282.94 0.00
Purchase 09/27/2022 31846V203 1,369.17 First American Govt Obligation Fund Class Y

1.000 1.73% 1,369.17 0.00 1,369.17 0.00
Purchase 09/29/2022 931142EW9 400,000.00 Wal-Mart Stores Note

3.9% Due 9/9/2025

98.056 4.61% 392,224.00 866.67 393,090.67 0.00
Purchase 09/30/2022 31846V203 2,587.50 First American Govt Obligation Fund Class Y

1.000 2.45% 2,587.50 0.00 2,587.50 0.00
Subtotal 922,009.68 914,177.68 866.67 915,044.35 0.00
Short Sale 09/09/2022 31846V203 -79,944.00 First American Govt Obligation Fund Class Y

1.000 -79,944.00 0.00 -79,944.00 0.00
Subtotal -79,944.00 -79,944.00 0.00 -79,944.00 0.00
TOTAL ACQUISITIONS 842,065.68 834,233.68 866.67 835,100.35 0.00

DISPOSITIONS
Closing
Purchase
09/09/2022 31846V203 -79,944.00 First American Govt Obligation Fund Class Y

1.000 -79,944.00 0.00 -79,944.00 0.00
Subtotal -79,944.00 -79,944.00 0.00 -79,944.00 0.00
Sale 09/09/2022 31846V203 79,944.00 First American Govt Obligation Fund Class Y

1.000 1.73% 79,944.00 0.00 79,944.00 0.00
Sale 09/29/2022 31846V203 393,090.67 First American Govt Obligation Fund Class Y

1.000 2.45% 393,090.67 0.00 393,090.67 0.00
Subtotal 473,034.67 473,034.67 0.00 473,034.67 0.00
Paydown 09/15/2022 02582JJR2 0.00 American Express 2021-1 A

0.9% Due 11/15/2026
100.000 0.00 198.75 198.75 0.00
Chandler Asset Management - CONFIDENTIAL Page 11 Execution Time: 10/3/2022 9:35:04 PM 202
Transaction Ledger
As of September 30, 2022
City of Santa Paula
Account #10939
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

DISPOSITIONS
Paydown 09/15/2022 05522RDC9 0.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026
100.000 0.00 107.67 107.67 0.00
Paydown 09/15/2022 44918MAD2 0.00 Hyundai Auto Receivables 2022-B A3

3.72% Due 11/16/2026
100.000 0.00 775.00 775.00 0.00
Paydown 09/15/2022 47800AAC4 0.00 John Deere Owner Trust 2022-B A3

3.74% Due 2/16/2027
100.000 0.00 742.81 742.81 0.00
Paydown 09/15/2022 89240BAC2 22,733.62 Toyota Auto Receivables Owners 2021- A A3

0.26% Due 5/15/2025
100.000 22,733.62 74.51 22,808.13 0.00
Paydown 09/16/2022 362554AC1 0.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026
100.000 0.00 113.33 113.33 0.00
Paydown 09/19/2022 43815EAC8 0.00 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025
100.000 0.00 119.58 119.58 0.00
Paydown 09/20/2022 92348KAV5 0.00 Verizon Master Trust 2022-5 A1A

3.72% Due 7/20/2027
100.000 0.00 463.45 463.45 0.00
Paydown 09/26/2022 3137BFXT3 0.00 FHLMC K042 A2

2.67% Due 12/25/2024
100.000 0.00 845.50 845.50 0.00
Paydown 09/26/2022 3137BHCY1 539.77 FHLMC K044 A2

2.811% Due 1/25/2025
100.000 539.77 743.17 1,282.94 0.00
Paydown 09/26/2022 3137BM7C4 0.00 FHLMC K051 A2

3.308% Due 9/25/2025
100.000 0.00 1,047.53 1,047.53 0.00
Paydown 09/26/2022 3137BTAC5 0.00 FHLMC K060 A2

3.3% Due 10/25/2026
100.000 0.00 1,100.00 1,100.00 0.00
Paydown 09/27/2022 3137BTU25 466.03 FHLMC K724 A2Due 11/25/2023 100.000 466.03 903.14 1,369.17 0.00 Subtotal 23,739.42 23,739.42 7,234.44 30,973.86 0.00
Maturity 09/20/2022 55380TWT3 375,000.00 MUFG Bank Yankee CD

0.21% Due 9/20/2022
100.000 375,000.00 783.12 375,783.12 0.00
Subtotal 375,000.00 375,000.00 783.12 375,783.12 0.00
Chandler Asset Management - CONFIDENTIAL Page 12 Execution Time: 10/3/2022 9:35:04 PM 203
Transaction Ledger
As of September 30, 2022
City of Santa Paula
Account #10939
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

DISPOSITIONS
Security
Withdrawal
09/26/2022 31846V203 238.68 First American Govt Obligation Fund Class Y

1.000 238.68 0.00 238.68 0.00
Subtotal 238.68 238.68 0.00 238.68 0.00
TOTAL DISPOSITIONS 792,068.77 792,068.77 8,017.56 800,086.33 0.00

OTHER TRANSACTIONS
Interest 09/05/2022 06051GHF9 550,000.00 Bank of America Corp Callable Note 1X 3/5/2023

3.55% Due 3/5/2024

0.000 9,762.50 0.00 9,762.50 0.00
Interest 09/08/2022 3130A0XE5 365,000.00 FHLB Note

3.25% Due 3/8/2024

0.000 5,931.25 0.00 5,931.25 0.00
Interest 09/08/2022 313383YJ4 550,000.00 FHLB Note

3.375% Due 9/8/2023

0.000 9,281.25 0.00 9,281.25 0.00
Interest 09/15/2022 91282CCX7 650,000.00 US Treasury Note

0.375% Due 9/15/2024

0.000 1,218.75 0.00 1,218.75 0.00
Interest 09/15/2022 91282CED9 600,000.00 US Treasury Note

1.75% Due 3/15/2025

0.000 5,250.00 0.00 5,250.00 0.00
Interest 09/21/2022 3133EMAM4 450,000.00 FFCB Callable Note Cont 9/21/2022

0.25% Due 9/21/2023

0.000 562.50 0.00 562.50 0.00
Interest 09/30/2022 91282CEG2 230,000.00 US Treasury Note

2.25% Due 3/31/2024

0.000 2,587.50 0.00 2,587.50 0.00
Subtotal 3,395,000.00 34,593.75 0.00 34,593.75 0.00
Chandler Asset Management - CONFIDENTIAL Page 13 Execution Time: 10/3/2022 9:35:04 PM 204
Transaction Ledger
As of September 30, 2022
City of Santa Paula
Account #10939
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

OTHER TRANSACTIONS
Dividend 09/01/2022 31846V203 56,203.95 First American Govt Obligation Fund Class Y

0.000 658.95 0.00 658.95 0.00
Subtotal 56,203.95 658.95 0.00 658.95 0.00
TOTAL OTHER TRANSACTIONS 3,451,203.95 35,252.70 0.00 35,252.70 0.00 Chandler Asset Management - CONFIDENTIAL Page 14 Execution Time: 10/3/2022 9:35:04 PM 205
Income Earned
As of September 30, 2022
City of Santa Paula
Account #10939
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income

FIXED INCOME
023135CE4 Amazon.com Inc
Note
3% Due 04/13/2025
Various
Various
550,000.00
548,354.61

0.00 0.00
548,406.30
6,325.00

0.00 7,700.00
1,375.00

53.74 2.05

51.69 1,426.69
1,426.69
02582JJR2 American Express
2021-1 A

0.9% Due 11/15/2026
06/28/2022
06/29/2022
265,000.00
249,943.60

0.00 0.00
250,504.01
106.00
198.75
106.00
198.75
560.41

0.00 560.41
759.16
759.16
037833CU2 Apple Inc
Callable Note Cont 3/11/2024

2.85% Due 05/11/2024
Various
Various
550,000.00
546,517.83

0.00 0.00
546,686.86
4,789.59

0.00 6,095.83
1,306.24
169.03

0.00 169.03
1,475.27
1,475.27
05522RDC9 Bank of America Credit Card Tr
2020-A1 A1

0.34% Due 05/15/2026
06/15/2022
06/17/2022
380,000.00
364,296.34

0.00 0.00
365,298.71

57.42 107.67

57.42 107.67
1,002.37

0.00 1,002.37
1,110.04
1,110.04
06051GHF9 Bank of America Corp
Callable Note 1X 3/5/2023

3.55% Due 03/05/2024
06/28/2022
06/30/2022
550,000.00
548,785.83

0.00 0.00
548,851.93
9,545.56
9,762.50
1,410.14
1,627.08

66.10 0.00

66.10 1,693.18
1,693.18
06367WB85 Bank of Montreal
Note

1.85% Due 05/01/2025
06/27/2022
06/29/2022
575,000.00
544,037.35

0.00 0.00
544,992.00
3,545.83

0.00 4,432.29
886.46
954.65

0.00 954.65
1,841.11
1,841.11
06406RBF3 Bank of NY Mellon Corp
Callable Note Cont 6/13/2024

3.43% Due 06/13/2025
Various
Various
550,000.00
548,668.56

0.00 0.00
548,707.87
4,087.42

0.00 5,659.50
1,572.08

39.31 0.00

39.31 1,611.39
1,611.39
194162AM5 Colgate Palmolive Co.

Note

3.1% Due 08/15/2025
08/01/2022
08/09/2022
160,000.00
159,855.87

0.00 0.00
159,859.88
303.11

0.00 716.44
413.33

4.01 0.00

4.01 417.34
417.34
26442UAA2 Duke Energy Progress LLC
Callable Note Cont 5/15/25

3.25% Due 08/15/2025
06/27/2022
06/29/2022
550,000.00
543,505.23

0.00 0.00
543,685.81
794.44

0.00 2,284.03
1,489.59
180.58

0.00 180.58
1,670.17
1,670.17
Chandler Asset Management - CONFIDENTIAL Page 15 Execution Time: 10/3/2022 9:35:04 PM 206
Income Earned
As of September 30, 2022
City of Santa Paula
Account #10939
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3130A0F70 FHLB
Note

3.375% Due 12/08/2023
06/27/2022
06/28/2022
450,000.00
451,507.38

0.00 0.00
451,409.71
3,501.56

0.00 4,767.19
1,265.63

0.00 97.67
(97.67)
1,167.96
1,167.96
3130A0XE5 FHLB
Note

3.25% Due 03/08/2024
06/13/2022
06/14/2022
365,000.00
365,076.67

0.00 0.00
365,072.52
5,700.59
5,931.25
757.88
988.54

0.00 4.15
(4.15)
984.39
984.39
3130APU29 FHLB
Note

0.5% Due 11/09/2023
06/28/2022
06/29/2022
500,000.00
485,210.88

0.00 0.00
486,233.17
777.78

0.00 986.11
208.33
1,022.29

0.00 1,022.29
1,230.62
1,230.62
3130AQF40 FHLB
Note
1% Due 12/20/2024
07/27/2022
07/28/2022
400,000.00
381,083.26

0.00 0.00
381,758.05
788.89

0.00 1,122.22
333.33
674.79

0.00 674.79
1,008.12
1,008.12
3130ASDS5 FHLB
Note

2.75% Due 06/28/2024
06/09/2022
06/10/2022
365,000.00
364,247.04

0.00 0.00
364,280.95
2,258.44

0.00 3,094.90
836.46

33.91 0.00

33.91 870.37
870.37
3130ASME6 FHLB
Note
3% Due 07/08/2024
07/07/2022
07/08/2022
500,000.00
499,102.98

0.00 0.00
499,142.79
2,208.33

0.00 3,458.33
1,250.00

39.81 0.00

39.81 1,289.81
1,289.81
3133834G3 FHLB
Note

2.125% Due 06/09/2023
08/11/2022
08/12/2022
70,000.00
69,410.55

0.00 0.00
69,473.48
338.82

0.00 462.78
123.96

62.93 0.00

62.93 186.89
186.89
313383YJ4 FHLB
Note

3.375% Due 09/08/2023
06/27/2022
06/28/2022
550,000.00
552,083.46

0.00 0.00
551,915.43
8,920.31
9,281.25
1,185.94
1,546.88

0.00 168.03
(168.03)
1,378.85
1,378.85
3133EMAM4 FFCB
Callable Note Cont 9/21/2022

0.25% Due 09/21/2023
07/21/2022
07/22/2022
450,000.00
436,127.80

0.00 0.00
437,208.75
500.00
562.50

31.25 93.75
1,080.95

0.00 1,080.95
1,174.70
1,174.70
Chandler Asset Management - CONFIDENTIAL Page 16 Execution Time: 10/3/2022 9:35:04 PM 207
Income Earned
As of September 30, 2022
City of Santa Paula
Account #10939
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3133ENG20 FFCB
Note

3.3% Due 08/15/2024
08/16/2022
08/17/2022
500,000.00
500,029.38

0.00 0.00
500,028.15
733.33

0.00 2,108.33
1,375.00

0.00 1.23
(1.23)
1,373.77
1,373.77
3133ENYX2 FFCB
Note

3.25% Due 06/17/2024
06/15/2022
06/17/2022
375,000.00
374,055.81

0.00 0.00
374,099.05
2,505.21

0.00 3,520.83
1,015.62

43.24 0.00

43.24 1,058.86
1,058.86
3135G05X7 FNMA
Note

0.375% Due 08/25/2025
06/22/2022
06/23/2022
400,000.00
367,489.73

0.00 0.00
368,385.33

25.00 0.00
150.00
125.00
895.60

0.00 895.60
1,020.60
1,020.60
3135G0X24 FNMA
Note

1.625% Due 01/07/2025
06/21/2022
06/22/2022
450,000.00
432,759.04

0.00 0.00
433,361.17
1,096.88

0.00 1,706.25
609.37
602.13

0.00 602.13
1,211.50
1,211.50
3137BFXT3 FHLMC
K042 A2

2.67% Due 12/25/2024
06/22/2022
06/27/2022
380,000.00
373,019.83

0.00 0.00
373,274.58
169.10
845.50
169.10
845.50
254.75

0.00 254.75
1,100.25
1,100.25
3137BHCY1 FHLMC
K044 A2

2.811% Due 01/25/2025
06/16/2022
06/22/2022
316,715.19
310,527.95

0.00 539.77
310,235.81
743.17
743.17
741.91
741.91
247.63

0.00 247.63
989.54
989.54
3137BM7C4 FHLMC
K051 A2

3.308% Due 09/25/2025
06/23/2022
06/28/2022
380,000.00
379,243.32

0.00 0.00
379,264.03
1,047.53
1,047.53
1,047.53
1,047.53

20.71 0.00

20.71 1,068.24
1,068.24
3137BTAC5 FHLMC
K060 A2

3.3% Due 10/25/2026
07/28/2022
07/29/2022
400,000.00
402,383.16

0.00 0.00
402,335.20
1,100.00
1,100.00
1,100.00
1,100.00

0.00 47.96
(47.96)
1,052.04
1,052.04
3137BTU25 FHLMC
K724 A2

3.062% Due 11/25/2023
06/13/2022
06/16/2022
353,475.72
352,489.64

0.00 466.03
352,122.20
903.14
903.14
901.95
901.95

98.59 0.00

98.59 1,000.54
1,000.54
Chandler Asset Management - CONFIDENTIAL Page 17 Execution Time: 10/3/2022 9:35:04 PM 208
Income Earned
As of September 30, 2022
City of Santa Paula
Account #10939
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3137EAEV7 FHLMC
Note

0.25% Due 08/24/2023
06/28/2022
06/29/2022
550,000.00
535,574.57

0.00 0.00
536,786.79

26.74 0.00
141.32
114.58
1,212.22

0.00 1,212.22
1,326.80
1,326.80
362554AC1 GM Financial Securitized Term
2021-4 A3

0.68% Due 09/16/2026
06/13/2022
06/15/2022
200,000.00
191,230.11

0.00 0.00
191,513.92

56.67 113.33

56.67 113.33
283.81

0.00 283.81
397.14
397.14
43815EAC8 Honda Auto Receivables
2021-3 A3

0.41% Due 11/18/2025
07/27/2022
07/29/2022
350,000.00
335,751.18

0.00 0.00
336,279.56

51.82 119.58

51.82 119.58
528.38

0.00 528.38
647.96
647.96
44918MAD2 Hyundai Auto Receivables
2022-B A3

3.72% Due 11/16/2026
08/03/2022
08/05/2022
250,000.00
250,571.64

0.00 0.00
250,555.74
413.33
775.00
413.33
775.00

0.00 15.90
(15.90)
759.10
759.10
4581X0EE4 Inter-American Dev Bank
Note

3.25% Due 07/01/2024
Various
07/01/2022
550,000.00
549,942.80

0.00 0.00
549,945.37
2,979.17

0.00 4,468.75
1,489.58

2.57 0.00

2.57 1,492.15
1,492.15
459058EP4 Intl. Bank Recon & Development
Note

2.5% Due 07/29/2025
08/16/2022
08/18/2022
500,000.00
488,911.18

0.00 0.00
489,224.42
1,111.11

0.00 2,152.78
1,041.67
313.24

0.00 313.24
1,354.91
1,354.91
46647PDE3 JP Morgan Chase & Co
Callable Note Cont 6/14/2025

3.845% Due 06/14/2025
06/27/2022
06/29/2022
550,000.00
544,670.39

0.00 0.00
544,827.61
4,640.70

0.00 6,402.99
1,762.29
157.22

0.00 157.22
1,919.51
1,919.51
47800AAC4 John Deere Owner Trust
2022-B A3

3.74% Due 02/16/2027
07/12/2022
07/20/2022
130,000.00
129,988.00

0.00 0.00
129,988.28
553.73
742.81
216.09
405.17

0.28 0.00

0.28 405.45
405.45
89240BAC2 Toyota Auto Receivables Owners
2021-A A3

0.26% Due 05/15/2025
06/07/2022
06/09/2022
321,153.33
337,706.30

0.00 22,733.62
315,689.94

39.74 74.51

37.11 71.88
717.26

0.00 717.26
789.14
789.14
Chandler Asset Management - CONFIDENTIAL Page 18 Execution Time: 10/3/2022 9:35:04 PM 209
Income Earned
As of September 30, 2022
City of Santa Paula
Account #10939
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
9128285Z9 US Treasury
Note

2.5% Due 01/31/2024
07/18/2022
07/19/2022
600,000.00
594,276.19

0.00 0.00
594,608.33
1,304.35

0.00 2,527.17
1,222.82
332.14

0.00 332.14
1,554.96
1,554.96
912828B66 US Treasury
Note

2.75% Due 02/15/2024
06/28/2022
06/29/2022
600,000.00
597,154.78

0.00 0.00
597,315.23
762.23

0.00 2,107.34
1,345.11
160.45

0.00 160.45
1,505.56
1,505.56
912828G38 US Treasury
Note

2.25% Due 11/15/2024
06/29/2022
06/30/2022
625,000.00
612,998.62

0.00 0.00
613,445.32
4,165.25

0.00 5,311.65
1,146.40
446.70

0.00 446.70
1,593.10
1,593.10
912828J27 US Treasury
Note
2% Due 02/15/2025
06/27/2022
06/28/2022
600,000.00
582,887.12

0.00 0.00
583,458.82
554.35

0.00 1,532.61
978.26
571.70

0.00 571.70
1,549.96
1,549.96
912828TY6 US Treasury
Note

1.625% Due 11/15/2022
06/08/2022
06/09/2022
600,000.00
600,000.00

0.00 0.00
600,000.00
2,887.91

0.00 3,682.74
794.83

0.00 0.00

0.00 794.83
794.83
912828UN8 US Treasury
Note
2% Due 02/15/2023
07/27/2022
07/28/2022
600,000.00
597,558.56

0.00 0.00
597,997.14
554.35

0.00 1,532.61
978.26
438.58

0.00 438.58
1,416.84
1,416.84
912828WJ5 US Treasury
Note

2.5% Due 05/15/2024
06/28/2022
06/29/2022
600,000.00
593,794.73

0.00 0.00
594,094.02
4,442.93

0.00 5,665.76
1,222.83
299.29

0.00 299.29
1,522.12
1,522.12
912828XB1 US Treasury
Note

2.125% Due 05/15/2025
06/02/2022
06/03/2022
600,000.00
589,067.22

0.00 0.00
589,399.52
3,776.49

0.00 4,815.90
1,039.41
332.30

0.00 332.30
1,371.71
1,371.71
912828XX3 US Treasury
Note
2% Due 06/30/2024
07/25/2022
07/26/2022
500,000.00
491,061.51

0.00 0.00
491,462.94
1,711.96

0.00 2,527.17
815.21
401.43

0.00 401.43
1,216.64
1,216.64
Chandler Asset Management - CONFIDENTIAL Page 19 Execution Time: 10/3/2022 9:35:04 PM 210
Income Earned
As of September 30, 2022
City of Santa Paula
Account #10939
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
912828ZH6 US Treasury
Note

0.25% Due 04/15/2023
06/28/2022
06/29/2022
625,000.00
615,125.44

0.00 0.00
616,436.22
593.41

0.00 721.48
128.07
1,310.78

0.00 1,310.78
1,438.85
1,438.85
912828ZU7 US Treasury
Note

0.25% Due 06/15/2023
06/29/2022
06/30/2022
625,000.00
612,087.40

0.00 0.00
613,437.15
332.99

0.00 461.07
128.08
1,349.75

0.00 1,349.75
1,477.83
1,477.83
91282CAB7 US Treasury
Note

0.25% Due 07/31/2025
06/02/2022
06/03/2022
650,000.00
602,804.59

0.00 0.00
604,135.29
141.30

0.00 273.78
132.48
1,330.70

0.00 1,330.70
1,463.18
1,463.18
91282CAP6 US Treasury
Note

0.125% Due 10/15/2023
06/29/2022
06/30/2022
625,000.00
605,008.14

0.00 0.00
606,474.54
296.70

0.00 360.74

64.04 1,466.40

0.00 1,466.40
1,530.44
1,530.44
91282CBV2 US Treasury
Note

0.375% Due 04/15/2024
06/27/2022
06/28/2022
625,000.00
598,117.63

0.00 0.00
599,479.91
890.11

0.00 1,082.22
192.11
1,362.28

0.00 1,362.28
1,554.39
1,554.39
91282CCL3 US Treasury
Note

0.375% Due 07/15/2024
06/28/2022
06/29/2022
650,000.00
617,684.36

0.00 0.00
619,103.79
317.93

0.00 516.64
198.71
1,419.43

0.00 1,419.43
1,618.14
1,618.14
91282CCT6 US Treasury
Note

0.375% Due 08/15/2024
06/27/2022
06/28/2022
625,000.00
592,307.28

0.00 0.00
593,680.92
108.27

0.00 299.34
191.07
1,373.64

0.00 1,373.64
1,564.71
1,564.71
91282CCX7 US Treasury
Note

0.375% Due 09/15/2024
06/28/2022
06/29/2022
650,000.00
614,272.35

0.00 0.00
615,711.05
1,126.02
1,218.75
107.73
200.46
1,438.70

0.00 1,438.70
1,639.16
1,639.16
91282CDB4 US Treasury
Note

0.625% Due 10/15/2024
06/27/2022
06/28/2022
625,000.00
592,564.17

0.00 0.00
593,819.75
1,483.52

0.00 1,803.71
320.19
1,255.58

0.00 1,255.58
1,575.77
1,575.77
Chandler Asset Management - CONFIDENTIAL Page 20 Execution Time: 10/3/2022 9:35:04 PM211 Income Earned
As of September 30, 2022
City of Santa Paula
Account #10939
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91282CDN8 US Treasury
Note
1% Due 12/15/2024
06/29/2022
06/30/2022
650,000.00
619,045.58

0.00 0.00
620,156.38
1,385.25

0.00 1,918.03
532.78
1,110.80

0.00 1,110.80
1,643.58
1,643.58
91282CED9 US Treasury
Note

1.75% Due 03/15/2025
06/02/2022
06/03/2022
600,000.00
584,192.61

0.00 0.00
584,704.72
4,850.54
5,250.00
464.09
863.55
512.11

0.00 512.11
1,375.66
1,375.66
91282CEG2 US Treasury
Note

2.25% Due 03/31/2024
07/18/2022
07/19/2022
230,000.00
226,627.49

0.00 0.00
226,802.83
2,177.46
2,587.50

14.22 424.26
175.34

0.00 175.34
599.60
599.60
91282CEH0 US Treasury
Note

2.625% Due 04/15/2025
Various
Various
900,000.00
889,161.67

0.00 0.00
889,501.43
8,972.34

0.00 10,908.81
1,936.47
339.76

0.00 339.76
2,276.23
2,276.23
92348KAV5 Verizon Master Trust
2022-5 A1A

3.72% Due 07/20/2027
08/02/2022
08/11/2022
115,000.00
114,995.04

0.00 0.00
114,995.19
237.67
463.45
130.72
356.50

0.15 0.00

0.15 356.65
356.65
92826CAD4 Visa Inc
Callable Note Cont 9/14/2025

3.15% Due 12/14/2025
08/17/2022
08/19/2022
500,000.00
493,579.55

0.00 0.00
493,740.07
3,368.75

0.00 4,681.25
1,312.50
160.52

0.00 160.52
1,473.02
1,473.02
931142EW9 Wal-Mart Stores
Note

3.9% Due 09/09/2025
Various
Various
480,000.00

0.00 472,168.00

0.00 472,183.57

0.00 (866.67)
1,144.00
277.33

15.57 0.00

15.57 292.90
292.90
Total Fixed Income 29,236,344.24
28,150,531.30
472,168.00
23,739.42
28,627,549.50
119,187.54
40,961.52
124,305.79
46,079.77
28,926.61
336.99
28,589.62
74,669.39 74,669.39
Chandler Asset Management - CONFIDENTIAL Page 21 Execution Time: 10/3/2022 9:35:04 PM212 Income Earned
As of September 30, 2022
City of Santa Paula
Account #10939
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income

CASH & EQUIVALENT
06417MB53 Bank of Nova Scotia Houston
Yankee CD

3.7% Due 07/31/2023
07/29/2022
07/29/2022
500,000.00
500,000.00

0.00 0.00
500,000.00
1,747.22

0.00 3,288.89
1,541.67

0.00 0.00

0.00 1,541.67
1,541.67
31846V203 First American
Govt Obligation Fund Class Y
Various
Various
24,940.28
56,203.95
362,065.68
393,329.35
24,940.28

0.00 658.95

0.00 0.00

0.00 658.95
658.95
55380TWT3 MUFG Bank
Yankee CD
Due 09/20/2022
06/02/2022
06/06/2022

0.00 374,715.90

0.00 375,000.00

0.00 741.56
783.12

0.00 41.56
284.10

0.00 284.10
325.66
325.66
78012UW43 Royal Bank of Canada
Yankee CD

0.27% Due 10/20/2022
06/02/2022
06/06/2022
375,000.00
374,177.35

0.00 0.00
374,681.01
885.94

0.00 970.31

84.37 503.66

0.00 503.66
588.03
588.03
912796X61 US Treasury
Bill

1.722% Due 12/08/2022
06/08/2022
06/09/2022
600,000.00
597,186.58

0.00 0.00
598,047.83

0.00 0.00

0.00 0.00
861.25

0.00 861.25
861.25
861.25
Total Cash & Equivalent 1,499,940.28
1,902,283.78
362,065.68
768,329.35
1,497,669.12
3,374.72
1,442.07
4,259.20
2,326.55
1,649.01

0.00 1,649.01
3,975.56 3,975.56
TOTAL PORTFOLIO 30,736,284.52
30,052,815.08
834,233.68
792,068.77
30,125,218.62
122,562.26
42,403.59
128,564.99
48,406.32
30,575.62
336.99
30,238.63
78,644.95 78,644.95
Chandler Asset Management - CONFIDENTIAL Page 22 Execution Time: 10/3/2022 9:35:04 PM 213
Cash Flow Report
As of September 30, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/13/2022 Interest 023135CE4 550,000.00 Amazon.com Inc Note 3% Due 4/13/2025

0.00 8,250.00 8,250.00
10/15/2022 Interest 91282CEH0 900,000.00 US Treasury Note

2.625% Due 4/15/2025

0.00 11,812.50 11,812.50
10/15/2022 Interest 91282CBV2 625,000.00 US Treasury Note

0.375% Due 4/15/2024

0.00 1,171.88 1,171.88
10/15/2022 Interest 912828ZH6 625,000.00 US Treasury Note

0.25% Due 4/15/2023

0.00 781.25 781.25
10/15/2022 Interest 91282CDB4 625,000.00 US Treasury Note

0.625% Due 10/15/2024

0.00 1,953.13 1,953.13
10/15/2022 Interest 91282CAP6 625,000.00 US Treasury Note

0.125% Due 10/15/2023

0.00 390.63 390.63
10/15/2022 Paydown 89240BAC2 321,153.33 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
17,792.62 69.58 17,862.20
10/15/2022 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
10/15/2022 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
10/15/2022 Paydown 44918MAD2 250,000.00 Hyundai Auto Receivables 2022-B A3

3.72% Due 11/16/2026

0.00 775.00 775.00
10/15/2022 Paydown 47800AAC4 130,000.00 John Deere Owner Trust 2022-B A3

3.74% Due 2/16/2027

0.00 405.17 405.17
10/16/2022 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026

0.00 113.33 113.33
10/18/2022 Paydown 43815EAC8 350,000.00 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025

0.00 119.58 119.58
10/19/2022 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
10/20/2022 Maturity 78012UW43 375,000.00 Royal Bank of Canada Yankee CD

0.27% Due 10/20/2022
375,000.00 1,023.75 376,023.75
10/20/2022 Paydown 3137BTAC5 0.00 FHLMC K060 A2

3.3% Due 10/25/2026

0.00 1,100.00 1,100.00
10/20/2022 Paydown 3137BHCY1 0.00 FHLMC K044 A2

2.811% Due 1/25/2025
539.77 743.17 1,282.94
Chandler Asset Management - CONFIDENTIAL Page 23 Execution Time: 10/3/2022 9:35:04 PM214 Cash Flow Report
As of September 30, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/20/2022 Paydown 92348KAV5 115,000.00 Verizon Master Trust 2022-5 A1A

3.72% Due 7/20/2027

0.00 356.50 356.50
10/20/2022 Paydown 3137BFXT3 0.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
10/20/2022 Paydown 3137BM7C4 0.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
10/21/2022 Paydown 3137BTU25 0.00 FHLMC K724 A2

3.062% Due 11/25/2023
466.03 903.14 1,369.17
10/25/2022 Paydown 3137BHCY1 316,715.19 FHLMC K044 A2

2.811% Due 1/25/2025
10,824.36 741.91 11,566.27
10/25/2022 Paydown 3137BTAC5 400,000.00 FHLMC K060 A2

3.3% Due 10/25/2026

0.00 1,100.00 1,100.00
10/25/2022 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
10/25/2022 Paydown 3137BTU25 353,475.72 FHLMC K724 A2

3.062% Due 11/25/2023
27,512.62 901.95 28,414.57
OCT 2022 432,135.40 36,804.95 468,940.35
11/01/2022 Interest 06367WB85 575,000.00 Bank of Montreal Note

1.85% Due 5/1/2025

0.00 5,318.75 5,318.75
11/09/2022 Interest 3130APU29 500,000.00 FHLB Note

0.5% Due 11/9/2023

0.00 1,250.00 1,250.00
11/11/2022 Interest 037833CU2 550,000.00 Apple Inc Callable Note Cont 3/11/2024

2.85% Due 5/11/2024

0.00 7,837.50 7,837.50
11/15/2022 Interest 912828WJ5 600,000.00 US Treasury Note

2.5% Due 5/15/2024

0.00 7,500.00 7,500.00
11/15/2022 Interest 912828G38 625,000.00 US Treasury Note

2.25% Due 11/15/2024

0.00 7,031.25 7,031.25
11/15/2022 Interest 912828XB1 600,000.00 US Treasury Note

2.125% Due 5/15/2025

0.00 6,375.00 6,375.00
11/15/2022 Maturity 912828TY6 600,000.00 US Treasury Note

1.625% Due 11/15/2022
600,000.00 4,875.00 604,875.00
11/15/2022 Paydown 89240BAC2 321,153.33 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
17,798.40 65.73 17,864.13
Chandler Asset Management - CONFIDENTIAL Page 24 Execution Time: 10/3/2022 9:35:04 PM 215
Cash Flow Report
As of September 30, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/15/2022 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
11/15/2022 Paydown 47800AAC4 130,000.00 John Deere Owner Trust 2022-B A3

3.74% Due 2/16/2027

0.00 405.17 405.17
11/15/2022 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
11/15/2022 Paydown 44918MAD2 250,000.00 Hyundai Auto Receivables 2022-B A3

3.72% Due 11/16/2026

0.00 775.00 775.00
11/16/2022 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026

0.00 113.33 113.33
11/18/2022 Paydown 43815EAC8 350,000.00 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025

0.00 119.58 119.58
11/19/2022 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
11/20/2022 Paydown 92348KAV5 115,000.00 Verizon Master Trust 2022-5 A1A

3.72% Due 7/20/2027

0.00 356.50 356.50
11/25/2022 Paydown 3137BHCY1 316,715.19 FHLMC K044 A2

2.811% Due 1/25/2025
10,859.42 716.55 11,575.97
11/25/2022 Paydown 3137BTAC5 400,000.00 FHLMC K060 A2

3.3% Due 10/25/2026

0.00 1,100.00 1,100.00
11/25/2022 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
11/25/2022 Paydown 3137BTU25 353,475.72 FHLMC K724 A2

3.062% Due 11/25/2023
27,149.68 831.75 27,981.43
NOV 2022 655,807.50 46,870.56 702,678.06
12/08/2022 Interest 3130A0F70 450,000.00 FHLB Note

3.375% Due 12/8/2023

0.00 7,593.75 7,593.75
12/08/2022 Maturity 912796X61 600,000.00 US Treasury Bill

1.722% Due 12/8/2022
600,000.00 0.00 600,000.00
12/09/2022 Interest 3133834G3 70,000.00 FHLB Note

2.125% Due 6/9/2023

0.00 743.75 743.75
12/13/2022 Interest 06406RBF3 550,000.00 Bank of NY Mellon Corp Callable Note Cont 6/13/2024

3.43% Due 6/13/2025

0.00 9,432.50 9,432.50
Chandler Asset Management - CONFIDENTIAL Page 25 Execution Time: 10/3/2022 9:35:04 PM 216
Cash Flow Report
As of September 30, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/14/2022 Interest 46647PDE3 550,000.00 JP Morgan Chase & Co Callable Note Cont 6/14/2025

3.845% Due 6/14/2025

0.00 10,749.98 10,749.98
12/14/2022 Interest 92826CAD4 500,000.00 Visa Inc Callable Note Cont 9/14/2025

3.15% Due 12/14/2025

0.00 7,875.00 7,875.00
12/15/2022 Interest 912828ZU7 625,000.00 US Treasury Note

0.25% Due 6/15/2023

0.00 781.25 781.25
12/15/2022 Interest 91282CDN8 650,000.00 US Treasury Note 1% Due 12/15/2024

0.00 3,250.00 3,250.00
12/15/2022 Paydown 44918MAD2 250,000.00 Hyundai Auto Receivables 2022-B A3

3.72% Due 11/16/2026

0.00 775.00 775.00
12/15/2022 Paydown 89240BAC2 321,153.33 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
17,804.18 61.87 17,866.05
12/15/2022 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
12/15/2022 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
12/15/2022 Paydown 47800AAC4 130,000.00 John Deere Owner Trust 2022-B A3

3.74% Due 2/16/2027

0.00 405.17 405.17
12/16/2022 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026

0.00 113.33 113.33
12/17/2022 Interest 3133ENYX2 375,000.00 FFCB Note

3.25% Due 6/17/2024

0.00 6,093.75 6,093.75
12/18/2022 Paydown 43815EAC8 350,000.00 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025

0.00 119.58 119.58
12/19/2022 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
12/20/2022 Interest 3130AQF40 400,000.00 FHLB Note
1% Due 12/20/2024

0.00 2,000.00 2,000.00
12/20/2022 Paydown 92348KAV5 115,000.00 Verizon Master Trust 2022-5 A1A

3.72% Due 7/20/2027

0.00 356.50 356.50
12/25/2022 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
12/25/2022 Paydown 3137BHCY1 316,715.19 FHLMC K044 A2

2.811% Due 1/25/2025
10,894.60 691.11 11,585.71
Chandler Asset Management - CONFIDENTIAL Page 26 Execution Time: 10/3/2022 9:35:04 PM217 Cash Flow Report
As of September 30, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/25/2022 Paydown 3137BTAC5 400,000.00 FHLMC K060 A2

3.3% Due 10/25/2026

0.00 1,100.00 1,100.00
12/25/2022 Paydown 3137BTU25 353,475.72 FHLMC K724 A2

3.062% Due 11/25/2023
26,790.48 762.47 27,552.95
12/28/2022 Interest 3130ASDS5 365,000.00 FHLB Note

2.75% Due 6/28/2024

0.00 5,520.63 5,520.63
12/31/2022 Interest 912828XX3 500,000.00 US Treasury Note 2% Due 6/30/2024

0.00 5,000.00 5,000.00
DEC 2022 655,489.26 65,625.09 721,114.35
01/01/2023 Interest 4581X0EE4 550,000.00 Inter-American Dev Bank Note

3.25% Due 7/1/2024

0.00 8,937.50 8,937.50
01/07/2023 Interest 3135G0X24 450,000.00 FNMA Note

1.625% Due 1/7/2025

0.00 3,656.25 3,656.25
01/08/2023 Interest 3130ASME6 500,000.00 FHLB Note
3% Due 7/8/2024

0.00 7,500.00 7,500.00
01/15/2023 Interest 91282CCL3 650,000.00 US Treasury Note

0.375% Due 7/15/2024

0.00 1,218.75 1,218.75
01/15/2023 Paydown 89240BAC2 321,153.33 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
17,809.97 58.01 17,867.98
01/15/2023 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
01/15/2023 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
01/15/2023 Paydown 44918MAD2 250,000.00 Hyundai Auto Receivables 2022-B A3

3.72% Due 11/16/2026

0.00 775.00 775.00
01/15/2023 Paydown 47800AAC4 130,000.00 John Deere Owner Trust 2022-B A3

3.74% Due 2/16/2027

0.00 405.17 405.17
01/16/2023 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026

0.00 113.33 113.33
01/18/2023 Paydown 43815EAC8 350,000.00 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025

0.00 119.58 119.58
01/19/2023 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
Chandler Asset Management - CONFIDENTIAL Page 27 Execution Time: 10/3/2022 9:35:04 PM 218
Cash Flow Report
As of September 30, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/20/2023 Paydown 92348KAV5 115,000.00 Verizon Master Trust 2022-5 A1A

3.72% Due 7/20/2027

0.00 356.50 356.50
01/25/2023 Paydown 3137BHCY1 316,715.19 FHLMC K044 A2

2.811% Due 1/25/2025
10,929.89 665.59 11,595.48
01/25/2023 Paydown 3137BTAC5 400,000.00 FHLMC K060 A2

3.3% Due 10/25/2026

0.00 1,100.00 1,100.00
01/25/2023 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
01/25/2023 Paydown 3137BTU25 353,475.72 FHLMC K724 A2

3.062% Due 11/25/2023
26,434.98 694.11 27,129.09
01/29/2023 Interest 459058EP4 500,000.00 Intl. Bank Recon & Development Note

2.5% Due 7/29/2025

0.00 6,250.00 6,250.00
01/31/2023 Interest 91282CAB7 650,000.00 US Treasury Note

0.25% Due 7/31/2025

0.00 812.50 812.50
01/31/2023 Interest 9128285Z9 600,000.00 US Treasury Note

2.5% Due 1/31/2024

0.00 7,500.00 7,500.00
JAN 2023 55,174.84 42,361.74 97,536.58
02/15/2023 Interest 194162AM5 160,000.00 Colgate Palmolive Co. Note

3.1% Due 8/15/2025

0.00 2,562.67 2,562.67
02/15/2023 Interest 912828B66 600,000.00 US Treasury Note

2.75% Due 2/15/2024

0.00 8,250.00 8,250.00
02/15/2023 Interest 912828J27 600,000.00 US Treasury Note 2% Due 2/15/2025

0.00 6,000.00 6,000.00
02/15/2023 Interest 26442UAA2 550,000.00 Duke Energy Progress LLC Callable Note Cont 5/15/25

3.25% Due 8/15/2025

0.00 8,937.50 8,937.50
02/15/2023 Interest 91282CCT6 625,000.00 US Treasury Note

0.375% Due 8/15/2024

0.00 1,171.88 1,171.88
02/15/2023 Interest 3133ENG20 500,000.00 FFCB Note

3.3% Due 8/15/2024

0.00 8,250.00 8,250.00
02/15/2023 Maturity 912828UN8 600,000.00 US Treasury Note 2% Due 2/15/2023
600,000.00 6,000.00 606,000.00
02/15/2023 Paydown 44918MAD2 250,000.00 Hyundai Auto Receivables 2022-B A3

3.72% Due 11/16/2026

0.00 775.00 775.00
Chandler Asset Management - CONFIDENTIAL Page 28 Execution Time: 10/3/2022 9:35:04 PM 219
Cash Flow Report
As of September 30, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/15/2023 Paydown 89240BAC2 321,153.33 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
17,815.75 54.16 17,869.91
02/15/2023 Paydown 47800AAC4 130,000.00 John Deere Owner Trust 2022-B A3

3.74% Due 2/16/2027

0.00 405.17 405.17
02/15/2023 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
02/15/2023 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
02/16/2023 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026

0.00 113.33 113.33
02/18/2023 Paydown 43815EAC8 350,000.00 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025

0.00 119.58 119.58
02/19/2023 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
02/20/2023 Paydown 92348KAV5 115,000.00 Verizon Master Trust 2022-5 A1A

3.72% Due 7/20/2027

0.00 356.50 356.50
02/24/2023 Interest 3137EAEV7 550,000.00 FHLMC Note

0.25% Due 8/24/2023

0.00 687.50 687.50
02/25/2023 Interest 3135G05X7 400,000.00 FNMA Note

0.375% Due 8/25/2025

0.00 750.00 750.00
02/25/2023 Paydown 3137BTU25 353,475.72 FHLMC K724 A2

3.062% Due 11/25/2023
26,083.14 626.66 26,709.80
02/25/2023 Paydown 3137BTAC5 400,000.00 FHLMC K060 A2

3.3% Due 10/25/2026

0.00 1,100.00 1,100.00
02/25/2023 Paydown 3137BHCY1 316,715.19 FHLMC K044 A2

2.811% Due 1/25/2025
10,965.29 639.99 11,605.28
02/25/2023 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
FEB 2023 654,864.18 48,999.39 703,863.57
03/05/2023 Interest 06051GHF9 550,000.00 Bank of America Corp Callable Note 1X 3/5/2023

3.55% Due 3/5/2024

0.00 9,762.50 9,762.50
03/08/2023 Interest 3130A0XE5 365,000.00 FHLB Note

3.25% Due 3/8/2024

0.00 5,931.25 5,931.25
Chandler Asset Management - CONFIDENTIAL Page 29 Execution Time: 10/3/2022 9:35:04 PM 220
Cash Flow Report
As of September 30, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/08/2023 Interest 313383YJ4 550,000.00 FHLB Note

3.375% Due 9/8/2023

0.00 9,281.25 9,281.25
03/09/2023 Interest 931142EW9 480,000.00 Wal-Mart Stores Note

3.9% Due 9/9/2025

0.00 9,360.00 9,360.00
03/15/2023 Interest 91282CCX7 650,000.00 US Treasury Note

0.375% Due 9/15/2024

0.00 1,218.75 1,218.75
03/15/2023 Interest 91282CED9 600,000.00 US Treasury Note

1.75% Due 3/15/2025

0.00 5,250.00 5,250.00
03/15/2023 Paydown 44918MAD2 250,000.00 Hyundai Auto Receivables 2022-B A3

3.72% Due 11/16/2026

0.00 775.00 775.00
03/15/2023 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
03/15/2023 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
03/15/2023 Paydown 47800AAC4 130,000.00 John Deere Owner Trust 2022-B A3

3.74% Due 2/16/2027

0.00 405.17 405.17
03/15/2023 Paydown 89240BAC2 321,153.33 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
17,821.54 50.30 17,871.84
03/16/2023 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026

0.00 113.33 113.33
03/18/2023 Paydown 43815EAC8 350,000.00 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025
16,633.36 119.58 16,752.94
03/19/2023 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
03/20/2023 Paydown 92348KAV5 115,000.00 Verizon Master Trust 2022-5 A1A

3.72% Due 7/20/2027

0.00 356.50 356.50
03/21/2023 Interest 3133EMAM4 450,000.00 FFCB Callable Note Cont 9/21/2022

0.25% Due 9/21/2023

0.00 562.50 562.50
03/25/2023 Paydown 3137BTU25 353,475.72 FHLMC K724 A2

3.062% Due 11/25/2023
25,734.95 560.10 26,295.05
03/25/2023 Paydown 3137BHCY1 316,715.19 FHLMC K044 A2

2.811% Due 1/25/2025
11,000.81 614.30 11,615.11
03/25/2023 Paydown 3137BTAC5 400,000.00 FHLMC K060 A2

3.3% Due 10/25/2026

0.00 1,100.00 1,100.00
Chandler Asset Management - CONFIDENTIAL Page 30 Execution Time: 10/3/2022 9:35:04 PM221 Cash Flow Report
As of September 30, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/25/2023 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
03/31/2023 Interest 91282CEG2 230,000.00 US Treasury Note

2.25% Due 3/31/2024

0.00 2,587.50 2,587.50
MAR 2023 71,190.66 50,247.48 121,438.14
04/13/2023 Interest 023135CE4 550,000.00 Amazon.com Inc Note 3% Due 4/13/2025

0.00 8,250.00 8,250.00
04/15/2023 Interest 91282CBV2 625,000.00 US Treasury Note

0.375% Due 4/15/2024

0.00 1,171.88 1,171.88
04/15/2023 Interest 91282CEH0 900,000.00 US Treasury Note

2.625% Due 4/15/2025

0.00 11,812.50 11,812.50
04/15/2023 Interest 91282CAP6 625,000.00 US Treasury Note

0.125% Due 10/15/2023

0.00 390.63 390.63
04/15/2023 Interest 91282CDB4 625,000.00 US Treasury Note

0.625% Due 10/15/2024

0.00 1,953.13 1,953.13
04/15/2023 Maturity 912828ZH6 625,000.00 US Treasury Note

0.25% Due 4/15/2023
625,000.00 781.25 625,781.25
04/15/2023 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
04/15/2023 Paydown 89240BAC2 321,153.33 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
17,827.34 46.43 17,873.77
04/15/2023 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
04/15/2023 Paydown 44918MAD2 250,000.00 Hyundai Auto Receivables 2022-B A3

3.72% Due 11/16/2026

0.00 775.00 775.00
04/15/2023 Paydown 47800AAC4 130,000.00 John Deere Owner Trust 2022-B A3

3.74% Due 2/16/2027

0.00 405.17 405.17
04/16/2023 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026

0.00 113.33 113.33
04/18/2023 Paydown 43815EAC8 350,000.00 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025
16,636.68 113.90 16,750.58
04/19/2023 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
Chandler Asset Management - CONFIDENTIAL Page 31 Execution Time: 10/3/2022 9:35:04 PM222 Cash Flow Report
As of September 30, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/20/2023 Paydown 92348KAV5 115,000.00 Verizon Master Trust 2022-5 A1A

3.72% Due 7/20/2027

0.00 356.50 356.50
04/25/2023 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
04/25/2023 Paydown 3137BHCY1 316,715.19 FHLMC K044 A2

2.811% Due 1/25/2025
11,036.44 588.53 11,624.97
04/25/2023 Paydown 3137BTAC5 400,000.00 FHLMC K060 A2

3.3% Due 10/25/2026

0.00 1,100.00 1,100.00
04/25/2023 Paydown 3137BTU25 353,475.72 FHLMC K724 A2

3.062% Due 11/25/2023
25,390.36 494.44 25,884.80
APR 2023 695,890.82 30,552.14 726,442.96
05/01/2023 Interest 06367WB85 575,000.00 Bank of Montreal Note

1.85% Due 5/1/2025

0.00 5,318.75 5,318.75
05/09/2023 Interest 3130APU29 500,000.00 FHLB Note

0.5% Due 11/9/2023

0.00 1,250.00 1,250.00
05/11/2023 Interest 037833CU2 550,000.00 Apple Inc Callable Note Cont 3/11/2024

2.85% Due 5/11/2024

0.00 7,837.50 7,837.50
05/15/2023 Interest 912828WJ5 600,000.00 US Treasury Note

2.5% Due 5/15/2024

0.00 7,500.00 7,500.00
05/15/2023 Interest 912828G38 625,000.00 US Treasury Note

2.25% Due 11/15/2024

0.00 7,031.25 7,031.25
05/15/2023 Interest 912828XB1 600,000.00 US Treasury Note

2.125% Due 5/15/2025

0.00 6,375.00 6,375.00
05/15/2023 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
05/15/2023 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
05/15/2023 Paydown 44918MAD2 250,000.00 Hyundai Auto Receivables 2022-B A3

3.72% Due 11/16/2026

0.00 775.00 775.00
05/15/2023 Paydown 47800AAC4 130,000.00 John Deere Owner Trust 2022-B A3

3.74% Due 2/16/2027

0.00 405.17 405.17
05/15/2023 Paydown 89240BAC2 321,153.33 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
17,833.13 42.57 17,875.70
Chandler Asset Management - CONFIDENTIAL Page 32 Execution Time: 10/3/2022 9:35:04 PM 223
Cash Flow Report
As of September 30, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/16/2023 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026

0.00 113.33 113.33
05/18/2023 Paydown 43815EAC8 350,000.00 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025
16,640.01 108.22 16,748.23
05/19/2023 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
05/20/2023 Paydown 92348KAV5 115,000.00 Verizon Master Trust 2022-5 A1A

3.72% Due 7/20/2027

0.00 356.50 356.50
05/25/2023 Paydown 3137BHCY1 316,715.19 FHLMC K044 A2

2.811% Due 1/25/2025
11,072.19 562.68 11,634.87
05/25/2023 Paydown 3137BTAC5 400,000.00 FHLMC K060 A2

3.3% Due 10/25/2026

0.00 1,100.00 1,100.00
05/25/2023 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
05/25/2023 Paydown 3137BTU25 353,475.72 FHLMC K724 A2

3.062% Due 11/25/2023
25,049.33 429.65 25,478.98
MAY 2023 70,594.66 41,405.07 111,999.73
06/05/2023 Interest 06051GHF9 550,000.00 Bank of America Corp Callable Note 1X 3/5/2023

3.55% Due 3/5/2024

0.00 6,429.21 6,429.21
06/08/2023 Interest 3130A0F70 450,000.00 FHLB Note

3.375% Due 12/8/2023

0.00 7,593.75 7,593.75
06/09/2023 Maturity 3133834G3 70,000.00 FHLB Note

2.125% Due 6/9/2023
70,000.00 743.75 70,743.75
06/13/2023 Interest 06406RBF3 550,000.00 Bank of NY Mellon Corp Callable Note Cont 6/13/2024

3.43% Due 6/13/2025

0.00 9,432.50 9,432.50
06/14/2023 Interest 92826CAD4 500,000.00 Visa Inc Callable Note Cont 9/14/2025

3.15% Due 12/14/2025

0.00 7,875.00 7,875.00
06/14/2023 Interest 46647PDE3 550,000.00 JP Morgan Chase & Co Callable Note Cont 6/14/2025

3.845% Due 6/14/2025

0.00 10,691.24 10,691.24
06/15/2023 Interest 91282CDN8 650,000.00 US Treasury Note 1% Due 12/15/2024

0.00 3,250.00 3,250.00
06/15/2023 Maturity 912828ZU7 625,000.00 US Treasury Note

0.25% Due 6/15/2023
625,000.00 781.25 625,781.25
Chandler Asset Management - CONFIDENTIAL Page 33 Execution Time: 10/3/2022 9:35:04 PM224 Cash Flow Report
As of September 30, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/15/2023 Paydown 44918MAD2 250,000.00 Hyundai Auto Receivables 2022-B A3

3.72% Due 11/16/2026

0.00 775.00 775.00
06/15/2023 Paydown 89240BAC2 321,153.33 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
17,838.93 38.71 17,877.64
06/15/2023 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
06/15/2023 Paydown 47800AAC4 130,000.00 John Deere Owner Trust 2022-B A3

3.74% Due 2/16/2027

0.00 405.17 405.17
06/15/2023 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
06/16/2023 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026

0.00 113.33 113.33
06/17/2023 Interest 3133ENYX2 375,000.00 FFCB Note

3.25% Due 6/17/2024

0.00 6,093.75 6,093.75
06/18/2023 Paydown 43815EAC8 350,000.00 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025
16,643.34 102.53 16,745.87
06/19/2023 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
06/20/2023 Interest 3130AQF40 400,000.00 FHLB Note
1% Due 12/20/2024

0.00 2,000.00 2,000.00
06/20/2023 Paydown 92348KAV5 115,000.00 Verizon Master Trust 2022-5 A1A

3.72% Due 7/20/2027

0.00 356.50 356.50
06/25/2023 Paydown 3137BHCY1 316,715.19 FHLMC K044 A2

2.811% Due 1/25/2025
11,108.06 536.74 11,644.80
06/25/2023 Paydown 3137BTAC5 400,000.00 FHLMC K060 A2

3.3% Due 10/25/2026

0.00 1,100.00 1,100.00
06/25/2023 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
06/25/2023 Paydown 3137BTU25 353,475.72 FHLMC K724 A2

3.062% Due 11/25/2023
24,711.85 365.73 25,077.58
06/28/2023 Interest 3130ASDS5 365,000.00 FHLB Note

2.75% Due 6/28/2024

0.00 5,018.75 5,018.75
06/30/2023 Interest 912828XX3 500,000.00 US Treasury Note 2% Due 6/30/2024

0.00 5,000.00 5,000.00
Chandler Asset Management - CONFIDENTIAL Page 34 Execution Time: 10/3/2022 9:35:04 PM 225
Cash Flow Report
As of September 30, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount JUN 2023 765,302.18 70,902.36 836,204.54
07/01/2023 Interest 4581X0EE4 550,000.00 Inter-American Dev Bank Note

3.25% Due 7/1/2024

0.00 8,937.50 8,937.50
07/07/2023 Interest 3135G0X24 450,000.00 FNMA Note

1.625% Due 1/7/2025

0.00 3,656.25 3,656.25
07/08/2023 Interest 3130ASME6 500,000.00 FHLB Note
3% Due 7/8/2024

0.00 7,500.00 7,500.00
07/15/2023 Interest 91282CCL3 650,000.00 US Treasury Note

0.375% Due 7/15/2024

0.00 1,218.75 1,218.75
07/15/2023 Paydown 89240BAC2 321,153.33 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
17,844.73 34.84 17,879.57
07/15/2023 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
07/15/2023 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
07/15/2023 Paydown 47800AAC4 130,000.00 John Deere Owner Trust 2022-B A3

3.74% Due 2/16/2027

0.00 405.17 405.17
07/15/2023 Paydown 44918MAD2 250,000.00 Hyundai Auto Receivables 2022-B A3

3.72% Due 11/16/2026

0.00 775.00 775.00
07/16/2023 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026
9,501.61 113.33 9,614.94
07/18/2023 Paydown 43815EAC8 350,000.00 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025
16,646.67 96.84 16,743.51
07/19/2023 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
07/20/2023 Paydown 92348KAV5 115,000.00 Verizon Master Trust 2022-5 A1A

3.72% Due 7/20/2027

0.00 356.50 356.50
07/25/2023 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
07/25/2023 Paydown 3137BTU25 353,475.72 FHLMC K724 A2

3.062% Due 11/25/2023
24,377.87 302.67 24,680.54
07/25/2023 Paydown 3137BHCY1 316,715.19 FHLMC K044 A2

2.811% Due 1/25/2025
11,144.04 510.72 11,654.76
Chandler Asset Management - CONFIDENTIAL Page 35 Execution Time: 10/3/2022 9:35:04 PM 226
Cash Flow Report
As of September 30, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/25/2023 Paydown 3137BTAC5 400,000.00 FHLMC K060 A2

3.3% Due 10/25/2026

0.00 1,100.00 1,100.00
07/29/2023 Interest 459058EP4 500,000.00 Intl. Bank Recon & Development Note

2.5% Due 7/29/2025

0.00 6,250.00 6,250.00
07/31/2023 Interest 9128285Z9 600,000.00 US Treasury Note

2.5% Due 1/31/2024

0.00 7,500.00 7,500.00
07/31/2023 Interest 91282CAB7 650,000.00 US Treasury Note

0.25% Due 7/31/2025

0.00 812.50 812.50
07/31/2023 Maturity 06417MB53 500,000.00 Bank of Nova Scotia Houston Yankee CD

3.7% Due 7/31/2023
500,000.00 18,859.72 518,859.72
JUL 2023 579,514.92 60,629.24 640,144.16
08/15/2023 Interest 3133ENG20 500,000.00 FFCB Note

3.3% Due 8/15/2024

0.00 8,250.00 8,250.00
08/15/2023 Interest 912828B66 600,000.00 US Treasury Note

2.75% Due 2/15/2024

0.00 8,250.00 8,250.00
08/15/2023 Interest 194162AM5 160,000.00 Colgate Palmolive Co. Note

3.1% Due 8/15/2025

0.00 2,480.00 2,480.00
08/15/2023 Interest 912828J27 600,000.00 US Treasury Note 2% Due 2/15/2025

0.00 6,000.00 6,000.00
08/15/2023 Interest 26442UAA2 550,000.00 Duke Energy Progress LLC Callable Note Cont 5/15/25

3.25% Due 8/15/2025

0.00 8,937.50 8,937.50
08/15/2023 Interest 91282CCT6 625,000.00 US Treasury Note

0.375% Due 8/15/2024

0.00 1,171.88 1,171.88
08/15/2023 Paydown 44918MAD2 250,000.00 Hyundai Auto Receivables 2022-B A3

3.72% Due 11/16/2026

0.00 775.00 775.00
08/15/2023 Paydown 47800AAC4 130,000.00 John Deere Owner Trust 2022-B A3

3.74% Due 2/16/2027

0.00 405.17 405.17
08/15/2023 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
08/15/2023 Paydown 89240BAC2 321,153.33 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
17,850.52 30.98 17,881.50
08/15/2023 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
Chandler Asset Management - CONFIDENTIAL Page 36 Execution Time: 10/3/2022 9:35:04 PM227 Cash Flow Report
As of September 30, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/16/2023 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026
9,503.82 107.95 9,611.77
08/18/2023 Paydown 43815EAC8 350,000.00 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025
16,649.99 91.16 16,741.15
08/19/2023 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
08/20/2023 Paydown 92348KAV5 115,000.00 Verizon Master Trust 2022-5 A1A

3.72% Due 7/20/2027

0.00 356.50 356.50
08/24/2023 Maturity 3137EAEV7 550,000.00 FHLMC Note

0.25% Due 8/24/2023
550,000.00 687.50 550,687.50
08/25/2023 Interest 3135G05X7 400,000.00 FNMA Note

0.375% Due 8/25/2025

0.00 750.00 750.00
08/25/2023 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
08/25/2023 Paydown 3137BHCY1 316,715.19 FHLMC K044 A2

2.811% Due 1/25/2025
11,180.13 484.62 11,664.75
08/25/2023 Paydown 3137BTAC5 400,000.00 FHLMC K060 A2

3.3% Due 10/25/2026

0.00 1,100.00 1,100.00
08/25/2023 Paydown 3137BTU25 353,475.72 FHLMC K724 A2

3.062% Due 11/25/2023
24,047.34 240.47 24,287.81
AUG 2023 629,231.80 42,318.18 671,549.98
09/05/2023 Interest 06051GHF9 550,000.00 Bank of America Corp Callable Note 1X 3/5/2023

3.55% Due 3/5/2024

0.00 6,429.21 6,429.21
09/08/2023 Interest 3130A0XE5 365,000.00 FHLB Note

3.25% Due 3/8/2024

0.00 5,931.25 5,931.25
09/08/2023 Maturity 313383YJ4 550,000.00 FHLB Note

3.375% Due 9/8/2023
550,000.00 9,281.25 559,281.25
09/09/2023 Interest 931142EW9 480,000.00 Wal-Mart Stores Note

3.9% Due 9/9/2025

0.00 9,360.00 9,360.00
09/15/2023 Interest 91282CCX7 650,000.00 US Treasury Note

0.375% Due 9/15/2024

0.00 1,218.75 1,218.75
09/15/2023 Interest 91282CED9 600,000.00 US Treasury Note

1.75% Due 3/15/2025

0.00 5,250.00 5,250.00
Chandler Asset Management - CONFIDENTIAL Page 37 Execution Time: 10/3/2022 9:35:04 PM 228
Cash Flow Report
As of September 30, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/15/2023 Paydown 89240BAC2 321,153.33 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
17,856.32 27.11 17,883.43
09/15/2023 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
09/15/2023 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
09/15/2023 Paydown 44918MAD2 250,000.00 Hyundai Auto Receivables 2022-B A3

3.72% Due 11/16/2026

0.00 775.00 775.00
09/15/2023 Paydown 47800AAC4 130,000.00 John Deere Owner Trust 2022-B A3

3.74% Due 2/16/2027

0.00 405.17 405.17
09/16/2023 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026
9,506.04 102.56 9,608.60
09/18/2023 Paydown 43815EAC8 350,000.00 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025
16,653.33 85.47 16,738.80
09/19/2023 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
09/20/2023 Paydown 92348KAV5 115,000.00 Verizon Master Trust 2022-5 A1A

3.72% Due 7/20/2027

0.00 356.50 356.50
09/21/2023 Maturity 3133EMAM4 450,000.00 FFCB Callable Note Cont 9/21/2022

0.25% Due 9/21/2023
450,000.00 562.50 450,562.50
09/25/2023 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
09/25/2023 Paydown 3137BTU25 353,475.72 FHLMC K724 A2

3.062% Due 11/25/2023
23,720.26 179.11 23,899.37
09/25/2023 Paydown 3137BHCY1 316,715.19 FHLMC K044 A2

2.811% Due 1/25/2025
11,216.35 458.43 11,674.78
09/25/2023 Paydown 3137BTAC5 400,000.00 FHLMC K060 A2

3.3% Due 10/25/2026

0.00 1,100.00 1,100.00
09/30/2023 Interest 91282CEG2 230,000.00 US Treasury Note

2.25% Due 3/31/2024

0.00 2,587.50 2,587.50
SEP 2023 1,078,952.30 46,309.26 1,125,261.56
TOTAL 6,344,148.52 583,025.46 6,927,173.98
Chandler Asset Management - CONFIDENTIAL Page 38 Execution Time: 10/3/2022 9:35:04 PM 229
Important Disclosures City of Santa Paula
Account #10939
Chandler Asset Management, Inc. ;͞Chandler͟Ϳis an SEC registered investment adviser. For additional information about our firm, please see our current disclosures (Form ADV). To obtain a copy of our current disclosures, you may contact your client service representative by calling the number on the front of this statement or you may visit our website at www.chandlerasset.com.

Source ice Data Indices, LLC ("ICE"), used with permission. ICE PERMITS USE OF THE ICE INDICES AND RELATED DATA ON AN "AS IS" BASIS; ICE, ITS AFFILIATES AND THEIR RESPECTIVE

Ratings: Ratings information have been provided by Moody͛s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.

Chandler Asset Management - CONFIDENTIAL Page 39 Execution Time: 10/3/2022 9:35:04 PM 230
Benchmark Index & Disclosures City of Santa Paula
Account #10939
Benchmark Index Disclosure
ICE BofA 1-3 Yr US Treasury & Agency
Index
The ICE BofA 1-3 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody͛s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than three years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies.

Chandler Asset Management - CONFIDENTIAL Page 40 Execution Time: 10/3/2022 9:35:04 PM 231
Exhibit F
------------------------------------ --------------------------

QTRLY INTEREST

SUMMARY OF CASH AND INVESTMENTS TOTAL EARNED
------------------------------------ -------------------------- Bank of the Sierra Checking Account $1,651,469.48 -
Petty Cash $4,100.00 -
Treasurer's Imprest Account - Bank of the Sierra $1,500.00 - Community Center Mastercard $789.38 -

INVESTMENTS
State of California-LAIF $32,515,175.01 $156,423.78
Chandler Asset Management $30,365,494.00 $240,275.75
Passbook Accounts $313,148.56 $39.03
Fiscal Agent Investments $68,064,232.72 $269.29
Total Investments $131,258,050.29 $397,007.85
------------------------------------------------------------------------------------------- --------------- ----------------------------- ------------------------------------ -------------------------- Grand Total $132,915,909.15 $397,007.85
==================================================== ======== ================ ==================== =============== All investments of the City are in compliance with the Statement of Investment Policy.

Maturities and cash availability will meet the City's budgeted expenditures for the next six months.

POOLED CASH INVESTMENTS

STATE OF CALIFORNIA LOCAL AGENCY INVESTMENT FUND (LAIF) ------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------ -------------------------- ------------------------ --------------------------- DESCRIPTION MATURITY 12/31 INTEREST INVESTED MARKET TOTAL QTRLY INTEREST

DATE RATE AMOUNT VALUE INVESTED EARNED
------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------ -------------------------- ------------------------ --------------------------- CITY ACCOUNT 2.07% $32,515,175.01 $32,515,175.01 $32,515,175.01 $156,423.78 ------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------ -------------------------- ------------------------ --------------------------- TOTAL LAIF ACCOUNTS $32,515,175.01 $32,515,175.01 $32,515,175.01 $156,423.78 ============================================================================== ==================== =============== ============= =============== CHANDLER ASSET MANAGEMENT*
* For more information, please see attached report.
------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------ -------------------------- ------------------------ --------------------------- DESCRIPTION MATURITY 12/31 INTEREST INVESTED BOOK VALUE MARKET TOTAL QTRLY INTEREST

SPECIFIC CASH INVESTMENTS

PASSBOOK
------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------ -------------------------- ------------------------ --------------------------- DESCRIPTION 12/31 INTEREST INVESTED MARKET TOTAL QTRLY INTEREST

RATE AMOUNT VALUE INVESTED EARNED
------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------ -------------------------- ------------------------ --------------------------- Bank of the Sierra CD 0.05% $313,148.56 $313,148.56 $313,148.56 $39.03 ------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------ -------------------------- ------------------------ --------------------------- TOTAL PASSBOOK ACCOUNTS $313,148.56 $313,148.56 $313,148.56 $39.03 ============================================================================== ==================== =============== ============= ===============

CASH WITH FISCAL AGENT - INVESTMENTS
------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------ -------------------------- ------------------------ --------------------------- --------------------------- DESCRIPTION 12/31 INTEREST INVESTED MARKET TOTAL PAR QTRLY INTEREST

CITY OF SANTA PAULA

TREASURER'S REPORT OF INVESTMENTS
FOR THE QUARTER ENDED DECEMBER 31, 2022
FOR THE COUNCIL MEETING OF MARCH 1, 2023

CITY OF SANTA PAULA

TREASURER'S REPORT OF INVESTMENTS
FOR THE QUARTER ENDED DECEMBER 31, 2022
232
The Bank of New York Mellon-Wastewater Project Fund 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$55,715,000 SANTA PAULA UTILITY AUTHORITY WATER ENTERPRISE REVENUE BONDS, 2010 SERIES The Bank of New York Mellon-Water Reserve Acct 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 The Bank of New York Mellon-Water Project Fund 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 The Bank of New York Mellon-Water Bond Fund 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 The Bank of New York Mellon-Water Interest Acct 0.00% $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
$67,195,000 SANTA PAULA UTILITY AUTHORITY 2015 WASTEWATER ENTERPRISE REVENUE BONDS The Bank of New York Mellon-Wastewater 2015 Bond Fund 0.00% $5.22 $5.22 $5.22 $5.22 - The Bank of New York Mellon-Wastewater 2015 Interest Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-Wastewater Reserve Acct 0.00% $25.27 $25.27 $25.27 $25.27 - $30.49
$37,165,000 SANTA PAULA UTILITY AUTHORITY 2019 WATER REVENUE BONDS The Bank of New York Mellon-Water 2019 Project Fund 0.03% $3,028,165.34 $3,028,165.34 $3,028,165.34 $3,028,165.34 229.61 The Bank of New York Mellon-Water 2019 Bond Fund 0.00% $10.75 $10.75 $10.75 $10.75 - The Bank of New York Mellon-Water 2019 COI Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-Water 2019 Escrow Fund 0.00% $0.00 $0.00 $0.00 $0.00 - $3,028,176.09
$19,380,000 HARVEST COMMUNITY FACILTIES DISTRICT NO. 1 IMPROVEMENT AREA A The Bank of New York Mellon-CFD 2020 Bond Fund 0.00% $0.35 $0.35 $0.35 $0.35 - The Bank of New York Mellon-CFD 2020 COI Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-CFD 2020 Improvement Fund 0.00% $45.24 $45.24 $45.24 $45.24 - The Bank of New York Mellon-CFD 2020 Reserve Fund 0.01% $1,537,716.10 $1,537,716.10 $1,537,716.10 $1,537,716.10 39.68 $1,537,761.69
SANTA PAULA UTILITY AUTHORITY REVENUE BONDS $3,765,000 SERIES A AND $65,360,000 SERIES B The Bank of New York Mellon-UA 2020 COI Fund 0.00% $1,633.27 $1,633.27 $1,633.27 $1,633.27 - The Bank of New York Mellon-UA 2020 Principal Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-UA 2020 Principal Fund 0.00% $0.00 $0.00 $0.00 $0.00 - The Bank of New York Mellon-UA 2020 COI Fund 0.00% $7,775.18 $7,775.18 $7,775.18 $7,775.18 - The Bank of New York Mellon-UA 2020 Escrow Fund 0.25% $63,488,856.00 $63,488,856.00 $63,488,856.00 $63,488,856.00 - $63,498,264.45
------------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------ -------------------------- ------------------------ --------------------------- --------------------------- TOTAL FISCAL AGENT INVESTMENTS $68,064,232.72 $68,064,232.72 $68,064,232.72 $68,064,232.72 $269.29 ============================================================================== ==================== =============== ============= =============== =============== GRAND TOTAL INVESTMENTS $131,258,050.29 $156,732.10
233

MONTHLY ACCOUNT STATEMENT
City of Santa Paula - Account #10939
DECEMBER 1, 2022 THROUGH DECEMBER 31, 2022
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures.

CHANDLER ASSET MANAGEMENT
chandlerasset.com
Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian
US Bank
Alexander Bazan
(503) 402-5305
234

ACCOUNT SUMMARY
Beg. Values
as of 11/30/22
End Values
as of 12/31/22
Market Value 29,712,298 29,801,374
Accrued Interest 147,814 133,415
Total Market Value 29,860,112 29,934,789
Income Earned 82,224 84,889
Cont/WD -238
Par 30,873,172 30,957,367
Book Value 30,266,445 30,365,494
Cost Value 30,116,990 30,190,949

TOP ISSUERS
Government of United States 43.0%
Federal Home Loan Bank 10.5%
Federal Home Loan Mortgage Corp 10.2%
Federal Farm Credit Bank 4.3%
Federal National Mortgage Assoc 2.6%
Bank of America Corp 1.9%
Inter-American Dev Bank 1.8%
JP Morgan Chase & Co 1.8%
Total 76.1%

PORTFOLIO CHARACTERISTICS
Average Modified Duration 1.67
Average Coupon 2.12%
Average Purchase YTM 3.41%
Average Market YTM 4.67%
Average S&P/Moody Rating AA+/Aa1
Average Final Maturity 1.95 yrs
Average Life 1.73 yrs

SECTOR ALLOCATION MATURITY DISTRIBUTION CREDIT QUALITY (S&P) Portfolio Summary
As of December 31, 2022
City of Santa Paula
Account #10939

PERFORMANCE REVIEW
Annualized
TOTAL RATE OF RETURN 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS 6/30/2022 City of Santa Paula 0.25% 0.85% N/A N/A N/A N/A N/A N/A N/A ICE BofA 1-3 Yr US Treasury & Agency Index 0.21% 0.73% N/A N/A N/A N/A N/A N/A N/A Chandler Asset Management - CONFIDENTIAL Page 1 Execution Time: 1/4/2023 3:07:27 AM 235
Category Standard Comment
U.S. Treasuries No limitation; U.S. Treasury bills, notes, & bonds, or certificates of indebtedness, or those for which the full faith and credit of the U.S. Government are pledged for the payment of principal and interest Complies Federal Agencies
30% max per Agency/GSE issuer; 20% max callable agency securities; Federal agencies or U.S. government-sponsored enterprise obligations, participations, or other instruments, including those issued or fully guaranteed as to principal and interest by federal agencies or U.S. government sponsored enterprises.

1. (a) organized and operating in the U.S. as a general corporation (b) has assets > $500 million; (c) "A" rating category or higher by a NRSRO, if any debt

Complies
Statement of Compliance
As of December 31, 2022
City of Santa Paula
Assets managed by Chandler Asset Management are in full compliance with state law and the Client's investment policy. 236
Money Market and Mutual Funds
Highest rating by two NRSROs; 20% max in Money Market or Mutual Funds; 20% per fund; Issued by diversified management companies; Registered with SEC under Investment Company Act of 1940; Money market or mutual funds intended to maintain constant net asset value and that invest solely in U.S. Treasuries and Federal Agency obligations and repurchase agreements invested in such obligations
Complies
Local Agency Investment Fund (LAIF) California State Treasurer's Local Agency Investment Fund (LAIF) as authorized by Gov. Code Section 16429.1(b). Complies Local Government Investment Pool
(LGIP)/ Other Pools/ Joint Powers
Authority
Shares of beneficial interest issued by a joint powers authority organized in the State of California pursuant to Gov. Code Section 53601 subdivisions (a) to (q), inclusive. Each share shall represent an equal proportional interest in the underlying pool of securities owned by the joint powers authority. Purchases are limited to those pools that seek to maintain a constant net asset value and are rated in the highest category by a NRSRO. The joint powers authority issuing the shares shall have retained an investment adviser that meets all of the following criteria: (1) registered or exempt from registration with the SEC; (2) has not less than five years of experience investing in the securities and obligations authorized in subdivisions (a) to (q), inclusive, of [Gov. Code] section 53601; and (3) has assets under management > $500,000,000 Complies
Ventura County Investment Pool (VCIP) Ventura County Treasurer's Investment Pool as authorized by California Government Code Complies Max Per Issuer
5% max per issuer, except for U.S. Treasury, Federal Agency securities, authorized pools, mutual funds, Supranationals, and collateralized investments Complies
Maximum Maturity 5 years max maturity Complies
237

BOOK VALUE RECONCILIATION
BEGINNING BOOK VALUE $30,266,444.72
Acquisition
+ Security Purchases $709,123.04
+ Money Market Fund Purchases $689,495.91
+ Money Market Contributions $0.00
+ Security Contributions $0.00
+ Security Transfers $0.00
Total Acquisitions $1,398,618.95
Dispositions
- Security Sales $0.00
- Money Market Fund Sales $709,658.32
- MMF Withdrawals $237.78
- Security Withdrawals $0.00
- Security Transfers $0.00
- Other Dispositions $0.00
- Maturites $600,000.00
- Calls $0.00
- Principal Paydowns $20,404.06
Total Dispositions $1,330,300.16
Amortization/Accretion
+/- Net Accretion $30,730.86
$30,730.86
Gain/Loss on Dispositions
+/- Realized Gain/Loss $0.00
$0.00
ENDING BOOK VALUE $30,365,494.37

CASH TRANSACTION SUMMARY
BEGINNING BALANCE $89,712.06
Acquisition
Contributions $0.00
Security Sale Proceeds $0.00
Accrued Interest Received $0.00
Interest Received $68,663.77
Dividend Received $428.08
Principal on Maturities $600,000.00
Interest on Maturities $0.00
Calls/Redemption (Principal) $0.00
Interest from Calls/Redemption $0.00
Principal Paydown $20,404.06
Total Acquisitions $689,495.91
Dispositions
Withdrawals $237.78
Security Purchase $709,123.04
Accrued Interest Paid $535.28
Total Dispositions $709,896.10
ENDING BOOK VALUE $69,311.87
Reconciliation Summary
As of December 31, 2022
City of Santa Paula
Account #10939
Chandler Asset Management - CONFIDENTIAL Page 3 Execution Time: 1/4/2023 3:07:27 AM 238
Holdings Report
As of December 31, 2022
City of Santa Paula
Account #10939
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
89240BAC2 Toyota Auto Receivables Owners 2021-
A A3

0.26% Due 5/15/2025
261,025.12 06/07/2022

2.63%
255,631.29
257,353.97

97.42 4.82%
254,294.12

30.16 0.85%
(3,059.85)
Aaa / NR
AAA

2.37 0.56
43815EAC8 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025
350,000.00 07/27/2022

3.40%
335,152.34
337,899.95

95.39 5.35%
333,878.50

51.82 1.12%
(4,021.45)

NR / AAA
AAA

2.88 0.94
05522RDC9 Bank of America Credit Card Tr 2020-A1
A1

0.34% Due 5/15/2026
380,000.00 06/15/2022

3.67%
361,757.03
368,372.61

95.68 5.07%
363,578.61

57.42 1.21%
(4,794.00)
Aaa / AAA
NR

3.37 0.92
362554AC1 GM Financial Securitized Term 2021-4
A3

0.68% Due 9/16/2026
200,000.00 06/13/2022

3.26%
190,492.19
192,384.29

94.48 5.54%
188,962.48

56.67 0.63%
(3,421.81)
Aaa / AAA
NR

3.71 1.15
02582JJR2 American Express 2021-1 A

0.9% Due 11/15/2026
265,000.00 06/28/2022

3.62%
248,748.05
252,222.60

92.83 4.98%
246,005.94
106.00

0.82%
(6,216.66)
Aaa / NR
AAA

3.88 1.80
44918MAD2 Hyundai Auto Receivables 2022-B A3

3.72% Due 11/16/2026
250,000.00 08/03/2022

3.64%
250,585.94
250,507.00

97.97 4.82%
244,933.40
413.33

0.82%
(5,573.60)

NR / AAA
AAA

3.88 1.90
47800AAC4 John Deere Owner Trust 2022-B A3

3.74% Due 2/16/2027
130,000.00 07/12/2022

3.77%
129,987.59
129,989.16

97.70 4.93%
127,011.01
216.09

0.43%
(2,978.15)
Aaa / NR
AAA

4.13 1.99
362585AC5 GM Financial Securitized ART 2022-2 A3

3.1% Due 2/16/2027
250,000.00 10/24/2022

4.92%
241,562.50
242,097.83

96.88 5.05%
242,201.85
322.92

0.81%
104.02
Aaa / AAA
NR

4.13 1.63
47800BAC2 John Deere Owner Trust 2022-C A3

5.09% Due 6/15/2027
170,000.00 10/12/2022

5.15%
169,986.81
169,987.54
100.38

4.97%
170,640.54
384.58

0.57%
653.00
Aaa / NR
AAA

4.46 2.15
92348KAV5 Verizon Master Trust 2022-5 A1A

3.72% Due 7/20/2027
115,000.00 08/02/2022

3.75%
114,994.94
114,995.65

98.48 5.00%
113,255.89
130.72

0.38%
(1,739.76)

NR / AAA
AAA

4.55 1.54
Total ABS 2,371,025.12 3.72%
2,298,898.68
2,315,810.60 5.07%
2,284,762.34
1,769.71

7.64%
(31,048.26)
Aaa / AAA
AAA

3.59 1.36
AGENCY
3133834G3 FHLB Note

2.125% Due 6/9/2023
70,000.00 08/11/2022

3.24%
69,368.60
69,666.47

98.89 4.71%
69,220.10

90.90 0.23%
(446.37)
Aaa / AA+
NR

0.44 0.43
3137EAEV7 FHLMC Note

0.25% Due 8/24/2023
550,000.00 06/28/2022

3.00%
532,988.50
540,504.27

97.09 4.87%
533,986.06
485.07

1.79%
(6,518.21)
Aaa / AA+
AAA

0.65 0.63
313383YJ4 FHLB Note

3.375% Due 9/8/2023
550,000.00 06/27/2022

2.99%
552,447.50
551,400.17

98.99 4.88%
544,446.48
5,826.56

1.84%
(6,953.69)
Aaa / AA+
NR

0.69 0.66
Chandler Asset Management - CONFIDENTIAL Page 4 Execution Time: 1/4/2023 3:07:27 AM 239
Holdings Report
As of December 31, 2022
City of Santa Paula
Account #10939
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
AGENCY
3133EMAM4 FFCB Callable Note Cont 9/21/2022

0.25% Due 9/21/2023
450,000.00 07/21/2022

3.26%
434,650.50
440,523.67

96.65 5.03%
434,915.25
312.50

1.45%
(5,608.42)
Aaa / AA+
AAA

0.72 0.70
3130APU29 FHLB Note

0.5% Due 11/9/2023
500,000.00 06/28/2022

3.06%
483,030.00
489,368.19

96.44 4.80%
482,200.02
361.11

1.61%
(7,168.17)
Aaa / AA+
NR

0.86 0.83
3130A0F70 FHLB Note

3.375% Due 12/8/2023
450,000.00 06/27/2022

3.10%
451,719.00
451,110.19

98.57 4.96%
443,553.76
970.31

1.48%
(7,556.43)
Aaa / AA+
AAA

0.94 0.91
3130A0XE5 FHLB Note

3.25% Due 3/8/2024
365,000.00 06/13/2022

3.23%
365,087.60
365,059.78

98.21 4.81%
358,483.39
3,723.51

1.21%
(6,576.39)
Aaa / AA+
NR

1.19 1.13
3133ENYX2 FFCB Note

3.25% Due 6/17/2024
375,000.00 06/15/2022

3.40%
373,946.25
374,231.67

98.00 4.68%
367,482.56
473.96

1.23%
(6,749.11)
Aaa / AA+
AAA

1.46 1.40
3130ASDS5 FHLB Note

2.75% Due 6/28/2024
365,000.00 06/09/2022

2.87%
364,153.20
364,384.97

97.29 4.65%
355,111.36

83.65 1.19%
(9,273.61)
Aaa / AA+
NR

1.49 1.44
3130ASME6 FHLB Note
3% Due 7/8/2024
500,000.00 07/07/2022

3.10%
499,030.00
499,264.87

97.49 4.73%
487,442.28
7,208.33

1.65%
(11,822.59)
Aaa / AA+
NR

1.52 1.44
3133ENG20 FFCB Note

3.3% Due 8/15/2024
500,000.00 08/16/2022

3.30%
500,030.00
500,024.36

97.96 4.61%
489,822.81
6,233.33

1.66%
(10,201.55)
Aaa / AA+
AAA

1.62 1.54
3130AQF40 FHLB Note
1% Due 12/20/2024
400,000.00 07/27/2022

3.15%
380,296.00
383,827.42

93.42 4.53%
373,684.52
122.22

1.25%
(10,142.90)
Aaa / AA+
AAA

1.97 1.91
3135G0X24 FNMA Note

1.625% Due 1/7/2025
450,000.00 06/21/2022

3.34%
431,334.00
435,207.70

94.54 4.48%
425,447.92
3,534.38

1.43%
(9,759.78)
Aaa / AA+
AAA

2.02 1.93
3135G05X7 FNMA Note

0.375% Due 8/25/2025
400,000.00 06/22/2022

3.27%
365,400.00
371,131.84

90.27 4.30%
361,072.86
525.00

1.21%
(10,058.98)
Aaa / AA+
AAA

2.65 2.58
Total Agency 5,925,000.00 3.15%
5,803,481.15
5,835,705.57 4.73%
5,726,869.37
29,950.83

19.23%
(108,836.20)
Aaa / AA+
AAA

1.31 1.26
CMO
3137BTU25 FHLMC K724 A2

3.062% Due 11/25/2023
352,013.33 06/13/2022

3.46%
350,322.01
350,960.67

98.34 5.19%
346,186.52
898.22

1.16%
(4,774.15)

NR / NR
AAA

0.90 0.69
3137BFXT3 FHLMC K042 A2

2.67% Due 12/25/2024
380,000.00 06/22/2022

3.52%
372,459.38
374,055.82

95.93 4.93%
364,536.09
169.10

1.22%
(9,519.73)
Aaa / NR
NR

1.99 1.76
3137BHCY1 FHLMC K044 A2

2.811% Due 1/25/2025
315,016.95 06/16/2022

4.46%
307,781.42
309,292.74

96.25 4.79%
303,208.41
737.93

1.02%
(6,084.33)

NR / NR
AAA

2.07 1.84
Chandler Asset Management - CONFIDENTIAL Page 5 Execution Time: 1/4/2023 3:07:27 AM 240
Holdings Report
As of December 31, 2022
City of Santa Paula
Account #10939
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
CMO
3137BM7C4 FHLMC K051 A2

3.308% Due 9/25/2025
380,000.00 06/23/2022

3.33%
379,198.44
379,327.55

96.63 4.65%
367,184.42
1,047.53

1.23%
(12,143.13)

NR / NR
AAA

2.74 2.42
3137BNGT5 FHLMC K054 A2

2.745% Due 1/25/2026
390,000.00 12/14/2022

4.45%
373,364.06
373,559.07

94.89 4.59%
370,070.77
892.13

1.24%
(3,488.30)

NR / AAA
NR

3.07 2.75
3137BTAC5 FHLMC K060 A2

3.3% Due 10/25/2026
400,000.00 07/28/2022

3.10%
402,437.50
402,188.16

95.78 4.49%
383,139.04
1,100.00

1.28%
(19,049.12)

NR / NR
AAA

3.82 3.49
3137F2LJ3 FHLMC K066 A2

3.117% Due 6/25/2027
400,000.00 10/18/2022

4.72%
374,687.50
375,769.74

94.72 4.45%
378,888.32
1,039.00

1.27%
3,118.58

NR / NR
AAA

4.48 3.96
Total CMO 2,617,030.28 3.84%
2,560,250.31
2,565,153.75 4.72%
2,513,213.57
5,883.91

8.42%
(51,940.18)
Aaa / AAA
AAA

2.77 2.46

CORPORATE
06051GHF9 Bank of America Corp Callable Note 1X
3/5/2023

3.55% Due 3/5/2024
550,000.00 06/28/2022

5.02%
548,647.00
549,054.66

99.64 5.47%
548,040.42
6,291.39

1.85%
(1,014.24)
A2 / AAA1.18

0.18 037833CU2 Apple Inc Callable Note Cont 3/11/2024

2.85% Due 5/11/2024
550,000.00 Various

3.24%
546,140.25
547,205.25

97.39 4.85%
535,664.33
2,177.09

1.80%
(11,540.92)
Aaa / AA+
NR

1.36 1.31
023135CE4 Amazon.com Inc Note
3% Due 4/13/2025
550,000.00 Various

3.12%
548,249.50
548,564.81

96.57 4.60%
531,117.49
3,575.00

1.79%
(17,447.32)
A1 / AA
AA2.282.16
06367WB85 Bank of Montreal Note

1.85% Due 5/1/2025
575,000.00 06/27/2022

4.01%
542,000.75
547,919.61

93.33 4.91%
536,663.41
1,772.92

1.80%
(11,256.20)
A2 / AAA2.33

2.23 06406RBF3 Bank of NY Mellon Corp Callable Note
Cont 6/13/2024

3.43% Due 6/13/2025
550,000.00 Various

3.68%
548,586.00
548,828.44

97.81 4.79%
537,932.68
943.26

1.80%
(10,895.76)
A1 / A
AA2.452.31
46647PDE3 JP Morgan Chase & Co Callable Note
Cont 6/14/2025

3.845% Due 6/14/2025
550,000.00 06/27/2022

4.69%
544,335.00
545,309.74

97.81 5.18%
537,955.14
1,057.38

1.80%
(7,354.60)
A1 / AAA2.45

2.32 26442UAA2 Duke Energy Progress LLC Callable Note
Cont 5/15/25

3.25% Due 8/15/2025
550,000.00 06/27/2022

3.68%
543,120.00
544,239.58

96.43 4.71%
530,384.64
6,752.78

1.79%
(13,854.94)
Aa3 / A
NR

2.62 2.44
194162AM5 Colgate Palmolive Co. Note

3.1% Due 8/15/2025
160,000.00 08/01/2022

3.13%
159,852.80
159,872.17

96.96 4.34%
155,130.45
1,956.44

0.52%
(4,741.72)
Aa3 / AANR2.62

2.45 931142EW9 Wal-Mart Stores Note

3.9% Due 9/9/2025
480,000.00 Various

4.50%
472,168.00
472,853.14

98.48 4.50%
472,712.35
5,824.00

1.60%
(140.79)
Aa2 / AA
AA

2.69 2.49
Chandler Asset Management - CONFIDENTIAL Page 6 Execution Time: 1/4/2023 3:07:27 AM241 Holdings Report
As of December 31, 2022
City of Santa Paula
Account #10939
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

CORPORATE
92826CAD4 Visa Inc Callable Note Cont 9/14/2025

3.15% Due 12/14/2025
500,000.00 08/17/2022

3.57%
493,510.00
494,232.30

96.42 4.45%
482,094.56
743.75

1.61%
(12,137.74)
Aa3 / AANR2.96

2.77 Total Corporate 5,015,000.00 3.91%
4,946,609.30
4,958,079.70 4.82%
4,867,695.47
31,094.01

16.36%
(90,384.23)
A1 / A+
AA2.252.02

MONEY MARKET FUND
31846V203 First American Govt Obligation Fund
Class Y
69,311.87 Various

3.79%
69,311.87
69,311.87

1.00 3.79%
69,311.87

0.00 0.23%

0.00 Aaa / AAA
AAA

0.00 0.00
Total Money Market Fund 69,311.87 3.79%
69,311.87
69,311.87 3.79%
69,311.87

0.00 0.23%

0.00 Aaa / AAA
AAA

0.00 0.00

NEGOTIABLE CD
06417MB53 Bank of Nova Scotia Houston Yankee CD

3.7% Due 7/31/2023
500,000.00 07/29/2022

3.70%
500,000.00
500,000.00

99.10 5.19%
495,519.00
8,016.67

1.68%
(4,481.00)
P-1 / A-1
F-1+

0.58 0.57
Total Negotiable CD 500,000.00 3.70%
500,000.00
500,000.00 5.19%
495,519.00
8,016.67

1.68%
(4,481.00)
P-1 / A-1
F-1+

0.58 0.57

SUPRANATIONAL
4581X0EE4 Inter-American Dev Bank Note

3.25% Due 7/1/2024
550,000.00 Various

3.26%
549,937.50
549,953.23

97.85 4.75%
538,165.67
8,937.50

1.83%
(11,787.56)
Aaa / AAA
AAA

1.50 1.42
459058EP4 Intl. Bank Recon & Development Note

2.5% Due 7/29/2025
500,000.00 08/16/2022

3.31%
488,765.00
490,185.04

95.53 4.35%
477,633.12
5,277.78

1.61%
(12,551.92)
Aaa / AAA
AAA

2.58 2.43
Total Supranational 1,050,000.00 3.28%
1,038,702.50
1,040,138.27 4.57%
1,015,798.79
14,215.28

3.44%
(24,339.48)
Aaa / AAA
AAA

2.01 1.89

US TREASURY
912828ZH6 US Treasury Note

0.25% Due 4/15/2023
625,000.00 06/28/2022

2.85%
612,329.10
620,455.95

98.84 4.33%
617,724.38
334.82

2.06%
(2,731.57)
Aaa / AA+
AAA

0.29 0.28
Chandler Asset Management - CONFIDENTIAL Page 7 Execution Time: 1/4/2023 3:07:27 AM242 Holdings Report
As of December 31, 2022
City of Santa Paula
Account #10939
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

US TREASURY
912828ZU7 US Treasury Note

0.25% Due 6/15/2023
625,000.00 06/29/2022

2.93%
609,252.93
617,576.38

98.06 4.59%
612,890.63

72.97 2.05%
(4,685.75)
Aaa / AA+
AAA

0.45 0.45
91282CAP6 US Treasury Note

0.125% Due 10/15/2023
625,000.00 06/29/2022

3.06%
601,928.71
610,971.48

96.47 4.74%
602,954.38
167.41

2.01%
(8,017.10)
Aaa / AA+
AAA

0.79 0.77
9128285Z9 US Treasury Note

2.5% Due 1/31/2024
600,000.00 07/18/2022

3.20%
593,789.06
595,626.88

97.66 4.74%
585,937.20
6,277.17

1.98%
(9,689.68)
Aaa / AA+
AAA

1.08 1.04
912828B66 US Treasury Note

2.75% Due 2/15/2024
600,000.00 06/28/2022

3.09%
596,812.50
597,807.26

97.86 4.72%
587,156.40
6,232.34

1.98%
(10,650.86)
Aaa / AA+
AAA

1.13 1.08
91282CEG2 US Treasury Note

2.25% Due 3/31/2024
230,000.00 07/18/2022

3.21%
226,370.31
227,340.57

97.05 4.71%
223,225.81
1,322.18

0.75%
(4,114.76)
Aaa / AA+
AAA

1.25 1.20
91282CBV2 US Treasury Note

0.375% Due 4/15/2024
625,000.00 06/27/2022

3.13%
595,166.02
603,657.58

94.66 4.69%
591,650.63
502.23

1.98%
(12,006.95)
Aaa / AA+
AAA

1.29 1.26
912828WJ5 US Treasury Note

2.5% Due 5/15/2024
600,000.00 06/28/2022

3.13%
593,156.25
595,011.84

97.10 4.71%
582,586.20
1,947.51

1.95%
(12,425.64)
Aaa / AA+
AAA

1.37 1.32
912828XX3 US Treasury Note
2% Due 6/30/2024
500,000.00 07/25/2022

3.01%
490,566.41
492,693.99

96.21 4.64%
481,054.50

27.62 1.61%
(11,639.49)
Aaa / AA+
AAA

1.50 1.45
91282CCL3 US Treasury Note

0.375% Due 7/15/2024
650,000.00 06/28/2022

3.14%
614,656.25
623,456.70

93.71 4.65%
609,146.20
1,126.02

2.04%
(14,310.50)
Aaa / AA+
AAA

1.54 1.50
91282CCT6 US Treasury Note

0.375% Due 8/15/2024
625,000.00 06/27/2022

3.16%
589,331.05
597,893.43

93.46 4.60%
584,106.25
885.28

1.95%
(13,787.18)
Aaa / AA+
AAA

1.62 1.58
91282CCX7 US Treasury Note

0.375% Due 9/15/2024
650,000.00 06/28/2022

3.19%
611,203.13
620,123.05

93.25 4.53%
606,150.35
727.21

2.03%
(13,972.70)
Aaa / AA+
AAA

1.71 1.66
91282CDB4 US Treasury Note

0.625% Due 10/15/2024
625,000.00 06/27/2022

3.18%
589,843.75
597,670.20

93.44 4.48%
584,008.75
837.05

1.95%
(13,661.45)
Aaa / AA+
AAA

1.79 1.74
912828G38 US Treasury Note

2.25% Due 11/15/2024
625,000.00 06/29/2022

3.16%
612,060.55
614,815.21

96.09 4.45%
600,586.25
1,825.79

2.01%
(14,228.96)
Aaa / AA+
AAA

1.88 1.80
91282CDN8 US Treasury Note
1% Due 12/15/2024
650,000.00 06/29/2022

3.18%
616,712.89
623,562.85

93.65 4.42%
608,739.95
303.57

2.03%
(14,822.90)
Aaa / AA+
AAA

1.96 1.90
912828J27 US Treasury Note
2% Due 2/15/2025
600,000.00 06/27/2022

3.22%
581,648.44
585,212.03

95.21 4.39%
571,242.00
4,532.61

1.92%
(13,970.03)
Aaa / AA+
AAA

2.13 2.03
91282CED9 US Treasury Note

1.75% Due 3/15/2025
600,000.00 06/02/2022

2.84%
582,656.25
586,275.22

94.56 4.36%
567,375.00
3,132.60

1.91%
(18,900.22)
Aaa / AA+
AAA

2.21 2.11
Chandler Asset Management - CONFIDENTIAL Page 8 Execution Time: 1/4/2023 3:07:27 AM 243
Holdings Report
As of December 31, 2022
City of Santa Paula
Account #10939
CUSIP Security Description Par Value/Units Purchase Date Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody/S&P
Fitch
Maturity
Duration

US TREASURY
91282CEH0 US Treasury Note

2.625% Due 4/15/2025
900,000.00 Various

3.11%
888,492.19
890,543.36

96.31 4.33%
866,812.50
5,062.50

2.91%
(23,730.86)
Aaa / AA+
AAA

2.29 2.18
912828XB1 US Treasury Note

2.125% Due 5/15/2025
600,000.00 06/02/2022

2.83%
588,070.31
590,418.59

95.10 4.32%
570,586.20
1,655.39

1.91%
(19,832.39)
Aaa / AA+
AAA

2.37 2.27
91282CAB7 US Treasury Note

0.25% Due 7/31/2025
650,000.00 06/02/2022

2.87%
598,812.50
608,216.10

90.31 4.25%
587,005.90
680.03

1.96%
(21,210.20)
Aaa / AA+
AAA

2.58 2.52
91282CFW6 US Treasury Note

4.5% Due 11/15/2025
600,000.00 11/09/2022

4.55%
599,156.25
599,192.43
100.69

4.24%
604,125.00
3,505.52

2.03%
4,932.57
Aaa / AA+
AAA

2.88 2.66
91282CGA3 US Treasury Note
4% Due 12/15/2025
335,000.00 12/14/2022

3.92%
335,758.98
335,747.21

99.45 4.20%
333,167.89
625.82

1.12%
(2,579.32)
Aaa / AA+
AAA

2.96 2.75
912828U24 US Treasury Note
2% Due 11/15/2026
270,000.00 10/24/2022

4.43%
245,921.48
247,026.30

92.58 4.09%
249,971.40
701.10

0.84%
2,945.10
Aaa / AA+
AAA

3.88 3.66
Total US Treasury 13,410,000.00 3.19%
12,973,695.31
13,081,294.61 4.49%
12,828,203.77
42,484.74

43.00%
(253,090.84)
Aaa / AA+
AAA

1.72 1.65
TOTAL PORTFOLIO 30,957,367.27 3.41%
30,190,949.12
30,365,494.37 4.67%
29,801,374.18
133,415.15
100.00%
(564,120.19)
Aa1 / AA+
AAA

1.95 1.67
TOTAL MARKET VALUE PLUS ACCRUED 29,934,789.33
Chandler Asset Management - CONFIDENTIAL Page 9 Execution Time: 1/4/2023 3:07:27 AM244 Transaction Ledger
As of December 31, 2022
City of Santa Paula
Account #10939
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 12/01/2022 31846V203 428.02 First American Govt Obligation Fund Class Y

1.000 3.35% 428.02 0.00 428.02 0.00
Purchase 12/08/2022 31846V203 7,593.75 First American Govt Obligation Fund Class Y

1.000 3.35% 7,593.75 0.00 7,593.75 0.00
Purchase 12/08/2022 31846V203 600,000.00 First American Govt Obligation Fund Class Y

1.000 3.35% 600,000.00 0.00 600,000.00 0.00
Purchase 12/09/2022 31846V203 743.75 First American Govt Obligation Fund Class Y

1.000 3.35% 743.75 0.00 743.75 0.00
Purchase 12/13/2022 31846V203 9,432.50 First American Govt Obligation Fund Class Y

1.000 3.35% 9,432.50 0.00 9,432.50 0.00
Purchase 12/14/2022 31846V203 18,448.75 First American Govt Obligation Fund Class Y

1.000 3.35% 18,448.75 0.00 18,448.75 0.00
Purchase 12/15/2022 31846V203 4,031.25 First American Govt Obligation Fund Class Y

1.000 3.35% 4,031.25 0.00 4,031.25 0.00
Purchase 12/15/2022 31846V203 107.67 First American Govt Obligation Fund Class Y

1.000 3.35% 107.67 0.00 107.67 0.00
Purchase 12/15/2022 31846V203 775.00 First American Govt Obligation Fund Class Y

1.000 3.35% 775.00 0.00 775.00 0.00
Purchase 12/15/2022 31846V203 405.17 First American Govt Obligation Fund Class Y

1.000 3.35% 405.17 0.00 405.17 0.00
Purchase 12/15/2022 31846V203 1,346.02 First American Govt Obligation Fund Class Y

1.000 3.35% 1,346.02 0.00 1,346.02 0.00
Purchase 12/15/2022 31846V203 198.75 First American Govt Obligation Fund Class Y

1.000 3.35% 198.75 0.00 198.75 0.00
Purchase 12/15/2022 31846V203 19,387.49 First American Govt Obligation Fund Class Y

1.000 3.35% 19,387.49 0.00 19,387.49 0.00
Purchase 12/15/2022 91282CGA3 335,000.00 US Treasury Note 4% Due 12/15/2025
100.227 3.92% 335,758.98 0.00 335,758.98 0.00
Purchase 12/16/2022 31846V203 113.33 First American Govt Obligation Fund Class Y

1.000 3.35% 113.33 0.00 113.33 0.00
Purchase 12/16/2022 31846V203 645.83 First American Govt Obligation Fund Class Y

1.000 3.35% 645.83 0.00 645.83 0.00
Chandler Asset Management - CONFIDENTIAL Page 10 Execution Time: 1/4/2023 3:07:27 AM 245
Transaction Ledger
As of December 31, 2022
City of Santa Paula
Account #10939
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 12/17/2022 31846V203 6,093.75 First American Govt Obligation Fund Class Y

1.000 3.35% 6,093.75 0.00 6,093.75 0.00
Purchase 12/19/2022 3137BNGT5 390,000.00 FHLMC K054 A2

2.745% Due 1/25/2026

95.734 4.45% 373,364.06 535.28 373,899.34 0.00
Purchase 12/19/2022 31846V203 119.58 First American Govt Obligation Fund Class Y

1.000 3.35% 119.58 0.00 119.58 0.00
Purchase 12/20/2022 31846V203 2,000.00 First American Govt Obligation Fund Class Y

1.000 3.35% 2,000.00 0.00 2,000.00 0.00
Purchase 12/20/2022 31846V203 356.50 First American Govt Obligation Fund Class Y

1.000 3.35% 356.50 0.00 356.50 0.00
Purchase 12/21/2022 31846V203 0.06 First American Govt Obligation Fund Class Y

1.000 3.35% 0.06 0.00 0.06 0.00
Purchase 12/27/2022 31846V203 845.50 First American Govt Obligation Fund Class Y

1.000 3.35% 845.50 0.00 845.50 0.00
Purchase 12/27/2022 31846V203 1,318.46 First American Govt Obligation Fund Class Y

1.000 3.35% 1,318.46 0.00 1,318.46 0.00
Purchase 12/27/2022 31846V203 1,047.53 First American Govt Obligation Fund Class Y

1.000 3.35% 1,047.53 0.00 1,047.53 0.00
Purchase 12/27/2022 31846V203 1,100.00 First American Govt Obligation Fund Class Y

1.000 3.35% 1,100.00 0.00 1,100.00 0.00
Purchase 12/27/2022 31846V203 1,397.62 First American Govt Obligation Fund Class Y

1.000 3.35% 1,397.62 0.00 1,397.62 0.00
Purchase 12/27/2022 31846V203 1,039.00 First American Govt Obligation Fund Class Y

1.000 3.35% 1,039.00 0.00 1,039.00 0.00
Purchase 12/28/2022 31846V203 5,520.63 First American Govt Obligation Fund Class Y

1.000 3.35% 5,520.63 0.00 5,520.63 0.00
Purchase 12/31/2022 31846V203 5,000.00 First American Govt Obligation Fund Class Y

1.000 3.79% 5,000.00 0.00 5,000.00 0.00
Subtotal 1,414,495.91 1,398,618.95 535.28 1,399,154.23 0.00 TOTAL ACQUISITIONS 1,414,495.91 1,398,618.95 535.28 1,399,154.23 0.00 Chandler Asset Management - CONFIDENTIAL Page 11 Execution Time: 1/4/2023 3:07:27 AM 246

DISPOSITIONS
Sale 12/15/2022 31846V203 335,758.98 First American Govt Obligation Fund Class Y

1.000 3.35% 335,758.98 0.00 335,758.98 0.00
Sale 12/19/2022 31846V203 373,899.34 First American Govt Obligation Fund Class Y

1.000 3.35% 373,899.34 0.00 373,899.34 0.00
Subtotal 709,658.32 709,658.32 0.00 709,658.32 0.00
Paydown 12/15/2022 02582JJR2 0.00 American Express 2021-1 A

0.9% Due 11/15/2026
100.000 0.00 198.75 198.75 0.00
Paydown 12/15/2022 05522RDC9 0.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026
100.000 0.00 107.67 107.67 0.00
Paydown 12/15/2022 44918MAD2 0.00 Hyundai Auto Receivables 2022-B A3

3.72% Due 11/16/2026
100.000 0.00 775.00 775.00 0.00
Paydown 12/15/2022 47800AAC4 0.00 John Deere Owner Trust 2022-B A3

3.74% Due 2/16/2027
100.000 0.00 405.17 405.17 0.00
Paydown 12/15/2022 47800BAC2 0.00 John Deere Owner Trust 2022-C A3

5.09% Due 6/15/2027
100.000 0.00 1,346.02 1,346.02 0.00
Paydown 12/15/2022 89240BAC2 19,326.75 Toyota Auto Receivables Owners 2021- A A3

0.26% Due 5/15/2025
100.000 19,326.75 60.74 19,387.49 0.00
Paydown 12/16/2022 362554AC1 0.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026
100.000 0.00 113.33 113.33 0.00
Paydown 12/16/2022 362585AC5 0.00 GM Financial Securitized ART 2022-2 A3

3.1% Due 2/16/2027
100.000 0.00 645.83 645.83 0.00
Paydown 12/19/2022 43815EAC8 0.00 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025
100.000 0.00 119.58 119.58 0.00
Paydown 12/20/2022 92348KAV5 0.00 Verizon Master Trust 2022-5 A1A

3.72% Due 7/20/2027
100.000 0.00 356.50 356.50 0.00
Paydown 12/27/2022 3137BFXT3 0.00 FHLMC K042 A2

2.67% Due 12/25/2024
100.000 0.00 845.50 845.50 0.00
Paydown 12/27/2022 3137BHCY1 579.18 FHLMC K044 A2

2.811% Due 1/25/2025
100.000 579.18 739.28 1,318.46 0.00
Paydown 12/27/2022 3137BM7C4 0.00 FHLMC K051 A2

3.308% Due 9/25/2025
100.000 0.00 1,047.53 1,047.53 0.00
Paydown 12/27/2022 3137BTAC5 0.00 FHLMC K060 A2

3.3% Due 10/25/2026
100.000 0.00 1,100.00 1,100.00 0.00
Paydown 12/27/2022 3137BTU25 498.13 FHLMC K724 A2Due 11/25/2023 100.000 498.13 899.49 1,397.62 0.00 Paydown 12/27/2022 3137F2LJ3 0.00 FHLMC K066 A2

3.117% Due 6/25/2027
100.000 0.00 1,039.00 1,039.00 0.00
Chandler Asset Management - CONFIDENTIAL Page 12 Execution Time: 1/4/2023 3:07:27 AM247 Transaction Ledger
As of December 31, 2022
City of Santa Paula
Account #10939
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss Subtotal 20,404.06 20,404.06 9,799.39 30,203.45 0.00
Maturity 12/08/2022 912796X61 600,000.00 US Treasury Bill

1.722% Due 12/8/2022
100.000 600,000.00 0.00 600,000.00 0.00
Subtotal 600,000.00 600,000.00 0.00 600,000.00 0.00
Security
Withdrawal
12/27/2022 31846V203 237.78 First American Govt Obligation Fund Class Y

1.000 237.78 0.00 237.78 0.00
Subtotal 237.78 237.78 0.00 237.78 0.00
TOTAL DISPOSITIONS 1,330,300.16 1,330,300.16 9,799.39 1,340,099.55 0.00

OTHER TRANSACTIONS
Interest 12/08/2022 3130A0F70 450,000.00 FHLB Note

3.375% Due 12/8/2023

0.000 7,593.75 0.00 7,593.75 0.00
Interest 12/09/2022 3133834G3 70,000.00 FHLB Note

2.125% Due 6/9/2023

0.000 743.75 0.00 743.75 0.00
Interest 12/13/2022 06406RBF3 550,000.00 Bank of NY Mellon Corp Callable Note Cont 6/13/2024

3.43% Due 6/13/2025

0.000 9,432.50 0.00 9,432.50 0.00
Interest 12/14/2022 46647PDE3 550,000.00 JP Morgan Chase & Co Callable Note Cont 6/14/2025

3.845% Due 6/14/2025

0.000 10,573.75 0.00 10,573.75 0.00
Interest 12/14/2022 92826CAD4 500,000.00 Visa Inc Callable Note Cont 9/14/2025

3.15% Due 12/14/2025

0.000 7,875.00 0.00 7,875.00 0.00
Interest 12/15/2022 912828ZU7 625,000.00 US Treasury Note

0.25% Due 6/15/2023

0.000 781.25 0.00 781.25 0.00
Interest 12/15/2022 91282CDN8 650,000.00 US Treasury Note 1% Due 12/15/2024

0.000 3,250.00 0.00 3,250.00 0.00
Interest 12/17/2022 3133ENYX2 375,000.00 FFCB Note

3.25% Due 6/17/2024

0.000 6,093.75 0.00 6,093.75 0.00
Interest 12/20/2022 3130AQF40 400,000.00 FHLB Note
1% Due 12/20/2024

0.000 2,000.00 0.00 2,000.00 0.00
Interest 12/28/2022 3130ASDS5 365,000.00 FHLB Note

2.75% Due 6/28/2024

0.000 5,520.63 0.00 5,520.63 0.00
Chandler Asset Management - CONFIDENTIAL Page 13 Execution Time: 1/4/2023 3:07:27 AM 248
Transaction Ledger
As of December 31, 2022
City of Santa Paula
Account #10939
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/DispYield Amount InterestPur/Sold Total Amount Gain/Loss

OTHER TRANSACTIONS
Interest 12/31/2022 912828XX3 500,000.00 US Treasury Note 2% Due 6/30/2024

0.000 5,000.00 0.00 5,000.00 0.00
Subtotal 5,035,000.00 58,864.38 0.00 58,864.38 0.00
Dividend 12/01/2022 31846V203 89,712.06 First American Govt Obligation Fund Class Y

0.000 428.02 0.00 428.02 0.00
Dividend 12/21/2022 31846V203 0.00 First American Govt Obligation Fund Class Y

0.000 0.06 0.00 0.06 0.00
Subtotal 89,712.06 428.08 0.00 428.08 0.00
TOTAL OTHER TRANSACTIONS 5,124,712.06 59,292.46 0.00 59,292.46 0.00 Chandler Asset Management - CONFIDENTIAL Page 14 Execution Time: 1/4/2023 3:07:27 AM 249
Income Earned
As of December 31, 2022
City of Santa Paula
Account #10939
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income

FIXED INCOME
023135CE4 Amazon.com Inc
Note
3% Due 04/13/2025
Various
Various
550,000.00
548,511.40

0.00 0.00
548,564.81
2,200.00

0.00 3,575.00
1,375.00

55.53 2.12

53.41 1,428.41
1,428.41
02582JJR2 American Express
2021-1 A

0.9% Due 11/15/2026
06/28/2022
06/29/2022
265,000.00
251,643.51

0.00 0.00
252,222.60
106.00
198.75
106.00
198.75
579.09

0.00 579.09
777.84
777.84
037833CU2 Apple Inc
Callable Note Cont 3/11/2024

2.85% Due 05/11/2024
Various
Various
550,000.00
547,030.57

0.00 0.00
547,205.25
870.83

0.00 2,177.09
1,306.26
174.68

0.00 174.68
1,480.94
1,480.94
05522RDC9 Bank of America Credit Card Tr
2020-A1 A1

0.34% Due 05/15/2026
06/15/2022
06/17/2022
380,000.00
367,336.84

0.00 0.00
368,372.61

57.42 107.67

57.42 107.67
1,035.77

0.00 1,035.77
1,143.44
1,143.44
06051GHF9 Bank of America Corp
Callable Note 1X 3/5/2023

3.55% Due 03/05/2024
06/28/2022
06/30/2022
550,000.00
548,986.35

0.00 0.00
549,054.66
4,664.31

0.00 6,291.39
1,627.08

68.31 0.00

68.31 1,695.39
1,695.39
06367WB85 Bank of Montreal
Note

1.85% Due 05/01/2025
06/27/2022
06/29/2022
575,000.00
546,933.14

0.00 0.00
547,919.61
886.46

0.00 1,772.92
886.46
986.47

0.00 986.47
1,872.93
1,872.93
06406RBF3 Bank of NY Mellon Corp
Callable Note Cont 6/13/2024

3.43% Due 06/13/2025
Various
Various
550,000.00
548,787.81

0.00 0.00
548,828.44
8,803.67
9,432.50
943.26
1,572.09

40.63 0.00

40.63 1,612.72
1,612.72
194162AM5 Colgate Palmolive Co.

Note

3.1% Due 08/15/2025
08/01/2022
08/09/2022
160,000.00
159,868.03

0.00 0.00
159,872.17
1,543.11

0.00 1,956.44
413.33

4.14 0.00

4.14 417.47
417.47
26442UAA2 Duke Energy Progress LLC
Callable Note Cont 5/15/25

3.25% Due 08/15/2025
06/27/2022
06/29/2022
550,000.00
544,052.98

0.00 0.00
544,239.58
5,263.19

0.00 6,752.78
1,489.59
186.60

0.00 186.60
1,676.19
1,676.19
Chandler Asset Management - CONFIDENTIAL Page 15 Execution Time: 1/4/2023 3:07:27 AM 250
Income Earned
As of December 31, 2022
City of Santa Paula
Account #10939
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3130A0F70 FHLB
Note

3.375% Due 12/08/2023
06/27/2022
06/28/2022
450,000.00
451,211.11

0.00 0.00
451,110.19
7,298.44
7,593.75
970.31
1,265.62

0.00 100.92
(100.92)
1,164.70
1,164.70
3130A0XE5 FHLB
Note

3.25% Due 03/08/2024
06/13/2022
06/14/2022
365,000.00
365,064.07

0.00 0.00
365,059.78
2,734.97

0.00 3,723.51
988.54

0.00 4.29
(4.29)
984.25
984.25
3130APU29 FHLB
Note

0.5% Due 11/09/2023
06/28/2022
06/29/2022
500,000.00
488,311.83

0.00 0.00
489,368.19
152.78

0.00 361.11
208.33
1,056.36

0.00 1,056.36
1,264.69
1,264.69
3130AQF40 FHLB
Note
1% Due 12/20/2024
07/27/2022
07/28/2022
400,000.00
383,130.14

0.00 0.00
383,827.42
1,788.89
2,000.00
122.22
333.33
697.28

0.00 697.28
1,030.61
1,030.61
3130ASDS5 FHLB
Note

2.75% Due 06/28/2024
06/09/2022
06/10/2022
365,000.00
364,349.92

0.00 0.00
364,384.97
4,767.81
5,520.63

83.65 836.47

35.05 0.00

35.05 871.52
871.52
3130ASME6 FHLB
Note
3% Due 07/08/2024
07/07/2022
07/08/2022
500,000.00
499,223.73

0.00 0.00
499,264.87
5,958.33

0.00 7,208.33
1,250.00

41.14 0.00

41.14 1,291.14
1,291.14
3133834G3 FHLB
Note

2.125% Due 06/09/2023
08/11/2022
08/12/2022
70,000.00
69,601.44

0.00 0.00
69,666.47
710.69
743.75

90.90 123.96

65.03 0.00

65.03 188.99
188.99
313383YJ4 FHLB
Note

3.375% Due 09/08/2023
06/27/2022
06/28/2022
550,000.00
551,573.79

0.00 0.00
551,400.17
4,279.69

0.00 5,826.56
1,546.87

0.00 173.62
(173.62)
1,373.25
1,373.25
3133EMAM4 FFCB
Callable Note Cont 9/21/2022

0.25% Due 09/21/2023
07/21/2022
07/22/2022
450,000.00
439,406.68

0.00 0.00
440,523.67
218.75

0.00 312.50

93.75 1,116.99

0.00 1,116.99
1,210.74
1,210.74
Chandler Asset Management - CONFIDENTIAL Page 16 Execution Time: 1/4/2023 3:07:27 AM 251
Income Earned
As of December 31, 2022
City of Santa Paula
Account #10939
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3133ENG20 FFCB
Note

3.3% Due 08/15/2024
08/16/2022
08/17/2022
500,000.00
500,025.64

0.00 0.00
500,024.36
4,858.33

0.00 6,233.33
1,375.00

0.00 1.28
(1.28)
1,373.72
1,373.72
3133ENYX2 FFCB
Note

3.25% Due 06/17/2024
06/15/2022
06/17/2022
375,000.00
374,186.98

0.00 0.00
374,231.67
5,552.08
6,093.75
473.96
1,015.63

44.69 0.00

44.69 1,060.32
1,060.32
3135G05X7 FNMA
Note

0.375% Due 08/25/2025
06/22/2022
06/23/2022
400,000.00
370,206.38

0.00 0.00
371,131.84
400.00

0.00 525.00
125.00
925.46

0.00 925.46
1,050.46
1,050.46
3135G0X24 FNMA
Note

1.625% Due 01/07/2025
06/21/2022
06/22/2022
450,000.00
434,585.50

0.00 0.00
435,207.70
2,925.00

0.00 3,534.38
609.38
622.20

0.00 622.20
1,231.58
1,231.58
3137BFXT3 FHLMC
K042 A2

2.67% Due 12/25/2024
06/22/2022
06/27/2022
380,000.00
373,792.58

0.00 0.00
374,055.82
169.10
845.50
169.10
845.50
263.24

0.00 263.24
1,108.74
1,108.74
3137BHCY1 FHLMC
K044 A2

2.811% Due 01/25/2025
06/16/2022
06/22/2022
315,016.95
309,618.20

0.00 579.18
309,292.74
739.28
739.28
737.93
737.93
253.72

0.00 253.72
991.65
991.65
3137BM7C4 FHLMC
K051 A2

3.308% Due 09/25/2025
06/23/2022
06/28/2022
380,000.00
379,306.14

0.00 0.00
379,327.55
1,047.53
1,047.53
1,047.53
1,047.53

21.41 0.00

21.41 1,068.94
1,068.94
3137BNGT5 FHLMC
K054 A2

2.745% Due 01/25/2026
12/14/2022
12/19/2022
390,000.00

0.00 373,364.06

0.00 373,559.07

0.00 (535.28)
892.13
356.85
195.01

0.00 195.01
551.86
551.86
3137BTAC5 FHLMC
K060 A2

3.3% Due 10/25/2026
07/28/2022
07/29/2022
400,000.00
402,237.70

0.00 0.00
402,188.16
1,100.00
1,100.00
1,100.00
1,100.00

0.00 49.54
(49.54)
1,050.46
1,050.46
Chandler Asset Management - CONFIDENTIAL Page 17 Execution Time: 1/4/2023 3:07:27 AM 252
Income Earned
As of December 31, 2022
City of Santa Paula
Account #10939
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3137BTU25 FHLMC
K724 A2

3.062% Due 11/25/2023
06/13/2022
06/16/2022
352,013.33
351,357.68

0.00 498.13
350,960.67
899.49
899.49
898.22
898.22
101.12

0.00 101.12
999.34
999.34
3137EAEV7 FHLMC
Note

0.25% Due 08/24/2023
06/28/2022
06/29/2022
550,000.00
539,251.64

0.00 0.00
540,504.27
370.49

0.00 485.07
114.58
1,252.63

0.00 1,252.63
1,367.21
1,367.21
3137F2LJ3 FHLMC
K066 A2

3.117% Due 06/25/2027
10/18/2022
10/21/2022
400,000.00
375,303.78

0.00 0.00
375,769.74
1,039.00
1,039.00
1,039.00
1,039.00
465.96

0.00 465.96
1,504.96
1,504.96
362554AC1 GM Financial Securitized Term
2021-4 A3

0.68% Due 09/16/2026
06/13/2022
06/15/2022
200,000.00
192,091.02

0.00 0.00
192,384.29

56.67 113.33

56.67 113.33
293.27

0.00 293.27
406.60
406.60
362585AC5 GM Financial Securitized ART
2022-2 A3

3.1% Due 02/16/2027
10/24/2022
10/26/2022
250,000.00
241,850.14

0.00 0.00
242,097.83
322.92
645.83
322.92
645.83
247.69

0.00 247.69
893.52
893.52
43815EAC8 Honda Auto Receivables
2021-3 A3

0.41% Due 11/18/2025
07/27/2022
07/29/2022
350,000.00
337,353.95

0.00 0.00
337,899.95

51.82 119.58

51.82 119.58
546.00

0.00 546.00
665.58
665.58
44918MAD2 Hyundai Auto Receivables
2022-B A3

3.72% Due 11/16/2026
08/03/2022
08/05/2022
250,000.00
250,523.43

0.00 0.00
250,507.00
413.33
775.00
413.33
775.00

0.00 16.43
(16.43)
758.57
758.57
4581X0EE4 Inter-American Dev Bank
Note

3.25% Due 07/01/2024
Various
07/01/2022
550,000.00
549,950.58

0.00 0.00
549,953.23
7,447.92

0.00 8,937.50
1,489.58

2.65 0.00

2.65 1,492.23
1,492.23
459058EP4 Intl. Bank Recon & Development
Note

2.5% Due 07/29/2025
08/16/2022
08/18/2022
500,000.00
489,861.35

0.00 0.00
490,185.04
4,236.11

0.00 5,277.78
1,041.67
323.69

0.00 323.69
1,365.36
1,365.36
Chandler Asset Management - CONFIDENTIAL Page 18 Execution Time: 1/4/2023 3:07:27 AM 253
Income Earned
As of December 31, 2022
City of Santa Paula
Account #10939
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
46647PDE3 JP Morgan Chase & Co
Callable Note Cont 6/14/2025

3.845% Due 06/14/2025
06/27/2022
06/29/2022
550,000.00
545,147.28

0.00 0.00
545,309.74
9,986.32
10,573.75
1,057.38
1,644.81
162.46

0.00 162.46
1,807.27
1,807.27
47800AAC4 John Deere Owner Trust
2022-B A3

3.74% Due 02/16/2027
07/12/2022
07/20/2022
130,000.00
129,988.86

0.00 0.00
129,989.16
216.09
405.17
216.09
405.17

0.30 0.00

0.30 405.47
405.47
47800BAC2 John Deere Owner Trust
2022-C A3

5.09% Due 06/15/2027
10/12/2022
10/19/2022
170,000.00
169,987.23

0.00 0.00
169,987.54
1,009.52
1,346.02
384.58
721.08

0.31 0.00

0.31 721.39
721.39
89240BAC2 Toyota Auto Receivables Owners
2021-A A3

0.26% Due 05/15/2025
06/07/2022
06/09/2022
261,025.12
276,130.47

0.00 19,326.75
257,353.97

32.40 60.74

30.16 58.50
550.25

0.00 550.25
608.75
608.75
9128285Z9 US Treasury
Note

2.5% Due 01/31/2024
07/18/2022
07/19/2022
600,000.00
595,283.67

0.00 0.00
595,626.88
5,013.59

0.00 6,277.17
1,263.58
343.21

0.00 343.21
1,606.79
1,606.79
912828B66 US Treasury
Note

2.75% Due 02/15/2024
06/28/2022
06/29/2022
600,000.00
597,641.46

0.00 0.00
597,807.26
4,842.39

0.00 6,232.34
1,389.95
165.80

0.00 165.80
1,555.75
1,555.75
912828G38 US Treasury
Note

2.25% Due 11/15/2024
06/29/2022
06/30/2022
625,000.00
614,353.62

0.00 0.00
614,815.21
621.55

0.00 1,825.79
1,204.24
461.59

0.00 461.59
1,665.83
1,665.83
912828J27 US Treasury
Note
2% Due 02/15/2025
06/27/2022
06/28/2022
600,000.00
584,621.28

0.00 0.00
585,212.03
3,521.74

0.00 4,532.61
1,010.87
590.75

0.00 590.75
1,601.62
1,601.62
912828U24 US Treasury
Note
2% Due 11/15/2026
10/24/2022
10/25/2022
270,000.00
246,522.63

0.00 0.00
247,026.30
238.67

0.00 701.10
462.43
503.67

0.00 503.67
966.10
966.10
Chandler Asset Management - CONFIDENTIAL Page 19 Execution Time: 1/4/2023 3:07:27 AM 254
Income Earned
As of December 31, 2022
City of Santa Paula
Account #10939
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
912828WJ5 US Treasury
Note

2.5% Due 05/15/2024
06/28/2022
06/29/2022
600,000.00
594,702.58

0.00 0.00
595,011.84
662.98

0.00 1,947.51
1,284.53
309.26

0.00 309.26
1,593.79
1,593.79
912828XB1 US Treasury
Note

2.125% Due 05/15/2025
06/02/2022
06/03/2022
600,000.00
590,075.21

0.00 0.00
590,418.59
563.54

0.00 1,655.39
1,091.85
343.38

0.00 343.38
1,435.23
1,435.23
912828XX3 US Treasury
Note
2% Due 06/30/2024
07/25/2022
07/26/2022
500,000.00
492,279.18

0.00 0.00
492,693.99
4,184.78
5,000.00

27.62 842.84
414.81

0.00 414.81
1,257.65
1,257.65
912828ZH6 US Treasury
Note

0.25% Due 04/15/2023
06/28/2022
06/29/2022
625,000.00
619,101.48

0.00 0.00
620,455.95
201.75

0.00 334.82
133.07
1,354.47

0.00 1,354.47
1,487.54
1,487.54
912828ZU7 US Treasury
Note

0.25% Due 06/15/2023
06/29/2022
06/30/2022
625,000.00
616,181.64

0.00 0.00
617,576.38
721.48
781.25

72.97 132.74
1,394.74

0.00 1,394.74
1,527.48
1,527.48
91282CAB7 US Treasury
Note

0.25% Due 07/31/2025
06/02/2022
06/03/2022
650,000.00
606,841.04

0.00 0.00
608,216.10
543.14

0.00 680.03
136.89
1,375.06

0.00 1,375.06
1,511.95
1,511.95
91282CAP6 US Treasury
Note

0.125% Due 10/15/2023
06/29/2022
06/30/2022
625,000.00
609,456.21

0.00 0.00
610,971.48
100.88

0.00 167.41

66.53 1,515.27

0.00 1,515.27
1,581.80
1,581.80
91282CBV2 US Treasury
Note

0.375% Due 04/15/2024
06/27/2022
06/28/2022
625,000.00
602,249.89

0.00 0.00
603,657.58
302.63

0.00 502.23
199.60
1,407.69

0.00 1,407.69
1,607.29
1,607.29
91282CCL3 US Treasury
Note

0.375% Due 07/15/2024
06/28/2022
06/29/2022
650,000.00
621,989.96

0.00 0.00
623,456.70
920.69

0.00 1,126.02
205.33
1,466.74

0.00 1,466.74
1,672.07
1,672.07
Chandler Asset Management - CONFIDENTIAL Page 20 Execution Time: 1/4/2023 3:07:27 AM 255
Income Earned
As of December 31, 2022
City of Santa Paula
Account #10939
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91282CCT6 US Treasury
Note

0.375% Due 08/15/2024
06/27/2022
06/28/2022
625,000.00
596,474.00

0.00 0.00
597,893.43
687.84

0.00 885.28
197.44
1,419.43

0.00 1,419.43
1,616.87
1,616.87
91282CCX7 US Treasury
Note

0.375% Due 09/15/2024
06/28/2022
06/29/2022
650,000.00
618,636.40

0.00 0.00
620,123.05
518.47

0.00 727.21
208.74
1,486.65

0.00 1,486.65
1,695.39
1,695.39
91282CDB4 US Treasury
Note

0.625% Due 10/15/2024
06/27/2022
06/28/2022
625,000.00
596,372.77

0.00 0.00
597,670.20
504.38

0.00 837.05
332.67
1,297.43

0.00 1,297.43
1,630.10
1,630.10
91282CDN8 US Treasury
Note
1% Due 12/15/2024
06/29/2022
06/30/2022
650,000.00
622,415.02

0.00 0.00
623,562.85
3,001.37
3,250.00
303.57
552.20
1,147.83

0.00 1,147.83
1,700.03
1,700.03
91282CED9 US Treasury
Note

1.75% Due 03/15/2025
06/02/2022
06/03/2022
600,000.00
585,746.03

0.00 0.00
586,275.22
2,233.43

0.00 3,132.60
899.17
529.19

0.00 529.19
1,428.36
1,428.36
91282CEG2 US Treasury
Note

2.25% Due 03/31/2024
07/18/2022
07/19/2022
230,000.00
227,159.37

0.00 0.00
227,340.57
881.46

0.00 1,322.18
440.72
181.20

0.00 181.20
621.92
621.92
91282CEH0 US Treasury
Note

2.625% Due 04/15/2025
Various
Various
900,000.00
890,192.27

0.00 0.00
890,543.36
3,050.48

0.00 5,062.50
2,012.02
351.09

0.00 351.09
2,363.11
2,363.11
91282CFW6 US Treasury
Note

4.5% Due 11/15/2025
11/09/2022
11/15/2022
600,000.00
599,168.57

0.00 0.00
599,192.43
1,193.37

0.00 3,505.52
2,312.15

23.86 0.00

23.86 2,336.01
2,336.01
91282CGA3 US Treasury
Note
4% Due 12/15/2025
12/14/2022
12/15/2022
335,000.00

0.00 335,758.98

0.00 335,747.21

0.00 0.00
625.82
625.82

0.00 11.77
(11.77)
614.05
614.05
Chandler Asset Management - CONFIDENTIAL Page 21 Execution Time: 1/4/2023 3:07:27 AM 256
Income Earned
As of December 31, 2022
City of Santa Paula
Account #10939
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
92348KAV5 Verizon Master Trust
2022-5 A1A

3.72% Due 07/20/2027
08/02/2022
08/11/2022
115,000.00
114,995.50

0.00 0.00
114,995.65
130.72
356.50
130.72
356.50

0.15 0.00

0.15 356.65
356.65
92826CAD4 Visa Inc
Callable Note Cont 9/14/2025

3.15% Due 12/14/2025
08/17/2022
08/19/2022
500,000.00
494,066.44

0.00 0.00
494,232.30
7,306.25
7,875.00
743.75
1,312.50
165.86

0.00 165.86
1,478.36
1,478.36
931142EW9 Wal-Mart Stores
Note

3.9% Due 09/09/2025
Various
Various
480,000.00
472,627.53

0.00 0.00
472,853.14
4,264.00

0.00 5,824.00
1,560.00
225.61

0.00 225.61
1,785.61
1,785.61
Total Fixed Income 30,388,055.40
29,076,933.62
709,123.04
20,404.06
29,796,182.50
141,390.32
68,128.49
125,398.48
52,136.65
30,889.87
359.97
30,529.90
82,666.55 82,666.55

CASH & EQUIVALENT
06417MB53 Bank of Nova Scotia Houston
Yankee CD

3.7% Due 07/31/2023
07/29/2022
07/29/2022
500,000.00
500,000.00

0.00 0.00
500,000.00
6,423.61

0.00 8,016.67
1,593.06

0.00 0.00

0.00 1,593.06
1,593.06
31846V203 First American
Govt Obligation Fund Class Y
11/15/2022
11/15/2022
69,311.87
89,712.06
689,495.91
709,896.10
69,311.87

0.00 428.08

0.00 0.00

0.00 428.08
428.08
Chandler Asset Management - CONFIDENTIAL Page 22 Execution Time: 1/4/2023 3:07:27 AM 257
Income Earned
As of December 31, 2022
City of Santa Paula
Account #10939
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
912796X61 US Treasury
Bill
Due 12/08/2022
06/08/2022
06/09/2022

0.00 599,799.04

0.00 600,000.00

0.00 0.00

0.00 200.96

0.00 200.96
200.96
200.96
Total Cash & Equivalent 569,311.87
1,189,511.10
689,495.91
1,309,896.10
569,311.87
6,423.61
428.08
8,016.67
2,021.14
200.96

0.00 200.96
2,222.10 2,222.10
TOTAL PORTFOLIO 30,957,367.27
30,266,444.72
1,398,618.95
1,330,300.16
30,365,494.37
147,813.93
68,556.57
133,415.15
54,157.79
31,090.83
359.97
30,730.86
84,888.65 84,888.65
Chandler Asset Management - CONFIDENTIAL Page 23 Execution Time: 1/4/2023 3:07:27 AM 258
Cash Flow Report
As of December 31, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/01/2023 Interest 4581X0EE4 550,000.00 Inter-American Dev Bank Note

3.25% Due 7/1/2024

0.00 8,937.50 8,937.50
01/07/2023 Interest 3135G0X24 450,000.00 FNMA Note

1.625% Due 1/7/2025

0.00 3,656.25 3,656.25
01/08/2023 Interest 3130ASME6 500,000.00 FHLB Note
3% Due 7/8/2024

0.00 7,500.00 7,500.00
01/15/2023 Interest 91282CCL3 650,000.00 US Treasury Note

0.375% Due 7/15/2024

0.00 1,218.75 1,218.75
01/15/2023 Paydown 89240BAC2 261,025.12 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
17,362.12 56.56 17,418.68
01/15/2023 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
01/15/2023 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
01/15/2023 Paydown 44918MAD2 250,000.00 Hyundai Auto Receivables 2022-B A3

3.72% Due 11/16/2026

0.00 775.00 775.00
01/15/2023 Paydown 47800AAC4 130,000.00 John Deere Owner Trust 2022-B A3

3.74% Due 2/16/2027

0.00 405.17 405.17
01/15/2023 Paydown 47800BAC2 170,000.00 John Deere Owner Trust 2022-C A3

5.09% Due 6/15/2027

0.00 721.08 721.08
01/16/2023 Paydown 362585AC5 250,000.00 GM Financial Securitized ART 2022-2 A3

3.1% Due 2/16/2027

0.00 645.83 645.83
01/16/2023 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026

0.00 113.33 113.33
01/18/2023 Paydown 43815EAC8 350,000.00 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025

0.00 119.58 119.58
01/19/2023 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
01/20/2023 Paydown 92348KAV5 115,000.00 Verizon Master Trust 2022-5 A1A

3.72% Due 7/20/2027

0.00 356.50 356.50
01/21/2023 Paydown 3137BTU25 0.00 FHLMC K724 A2

3.062% Due 11/25/2023
498.13 899.49 1,397.62
01/21/2023 Paydown 3137BFXT3 0.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
Chandler Asset Management - CONFIDENTIAL Page 24 Execution Time: 1/4/2023 3:07:27 AM 259
Cash Flow Report
As of December 31, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/21/2023 Paydown 3137BM7C4 0.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
01/21/2023 Paydown 3137BHCY1 0.00 FHLMC K044 A2

2.811% Due 1/25/2025
579.18 739.28 1,318.46
01/21/2023 Paydown 3137BTAC5 0.00 FHLMC K060 A2

3.3% Due 10/25/2026

0.00 1,100.00 1,100.00
01/21/2023 Paydown 3137F2LJ3 0.00 FHLMC K066 A2

3.117% Due 6/25/2027

0.00 1,039.00 1,039.00
01/25/2023 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
01/25/2023 Paydown 3137BTU25 352,013.33 FHLMC K724 A2

3.062% Due 11/25/2023
34,208.38 898.22 35,106.60
01/25/2023 Paydown 3137BNGT5 390,000.00 FHLMC K054 A2

2.745% Due 1/25/2026

0.00 892.13 892.13
01/25/2023 Paydown 3137F2LJ3 400,000.00 FHLMC K066 A2

3.117% Due 6/25/2027

0.00 1,039.00 1,039.00
01/25/2023 Paydown 3137BHCY1 315,016.95 FHLMC K044 A2

2.811% Due 1/25/2025
12,117.75 737.93 12,855.68
01/25/2023 Paydown 3137BTAC5 400,000.00 FHLMC K060 A2

3.3% Due 10/25/2026

0.00 1,100.00 1,100.00
01/29/2023 Interest 459058EP4 500,000.00 Intl. Bank Recon & Development Note

2.5% Due 7/29/2025

0.00 6,250.00 6,250.00
01/31/2023 Interest 91282CAB7 650,000.00 US Treasury Note

0.25% Due 7/31/2025

0.00 812.50 812.50
01/31/2023 Interest 9128285Z9 600,000.00 US Treasury Note

2.5% Due 1/31/2024

0.00 7,500.00 7,500.00
JAN 2023 64,765.56 51,605.58 116,371.14
02/15/2023 Interest 194162AM5 160,000.00 Colgate Palmolive Co. Note

3.1% Due 8/15/2025

0.00 2,562.67 2,562.67
02/15/2023 Interest 912828B66 600,000.00 US Treasury Note

2.75% Due 2/15/2024

0.00 8,250.00 8,250.00
02/15/2023 Interest 912828J27 600,000.00 US Treasury Note 2% Due 2/15/2025

0.00 6,000.00 6,000.00
Chandler Asset Management - CONFIDENTIAL Page 25 Execution Time: 1/4/2023 3:07:27 AM 260
Cash Flow Report
As of December 31, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/15/2023 Interest 3133ENG20 500,000.00 FFCB Note

3.3% Due 8/15/2024

0.00 8,250.00 8,250.00
02/15/2023 Interest 91282CCT6 625,000.00 US Treasury Note

0.375% Due 8/15/2024

0.00 1,171.88 1,171.88
02/15/2023 Interest 26442UAA2 550,000.00 Duke Energy Progress LLC Callable Note Cont 5/15/25

3.25% Due 8/15/2025

0.00 8,937.50 8,937.50
02/15/2023 Paydown 47800AAC4 130,000.00 John Deere Owner Trust 2022-B A3

3.74% Due 2/16/2027

0.00 405.17 405.17
02/15/2023 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
02/15/2023 Paydown 47800BAC2 170,000.00 John Deere Owner Trust 2022-C A3

5.09% Due 6/15/2027

0.00 721.08 721.08
02/15/2023 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
02/15/2023 Paydown 44918MAD2 250,000.00 Hyundai Auto Receivables 2022-B A3

3.72% Due 11/16/2026

0.00 775.00 775.00
02/15/2023 Paydown 89240BAC2 261,025.12 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
17,367.77 52.79 17,420.56
02/16/2023 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026

0.00 113.33 113.33
02/16/2023 Paydown 362585AC5 250,000.00 GM Financial Securitized ART 2022-2 A3

3.1% Due 2/16/2027

0.00 645.83 645.83
02/18/2023 Paydown 43815EAC8 350,000.00 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025

0.00 119.58 119.58
02/19/2023 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
02/20/2023 Paydown 92348KAV5 115,000.00 Verizon Master Trust 2022-5 A1A

3.72% Due 7/20/2027

0.00 356.50 356.50
02/24/2023 Interest 3137EAEV7 550,000.00 FHLMC Note

0.25% Due 8/24/2023

0.00 687.50 687.50
02/25/2023 Interest 3135G05X7 400,000.00 FNMA Note

0.375% Due 8/25/2025

0.00 750.00 750.00
Chandler Asset Management - CONFIDENTIAL Page 26 Execution Time: 1/4/2023 3:07:27 AM 261
Cash Flow Report
As of December 31, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/25/2023 Paydown 3137BNGT5 390,000.00 FHLMC K054 A2

2.745% Due 1/25/2026

0.00 892.13 892.13
02/25/2023 Paydown 3137BTU25 352,013.33 FHLMC K724 A2

3.062% Due 11/25/2023
33,753.09 810.93 34,564.02
02/25/2023 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
02/25/2023 Paydown 3137BTAC5 400,000.00 FHLMC K060 A2

3.3% Due 10/25/2026

0.00 1,100.00 1,100.00
02/25/2023 Paydown 3137F2LJ3 400,000.00 FHLMC K066 A2

3.117% Due 6/25/2027

0.00 1,039.00 1,039.00
02/25/2023 Paydown 3137BHCY1 315,016.95 FHLMC K044 A2

2.811% Due 1/25/2025
12,157.01 709.54 12,866.55
FEB 2023 63,277.87 46,549.88 109,827.75
03/05/2023 Interest 06051GHF9 550,000.00 Bank of America Corp Callable Note 1X 3/5/2023

3.55% Due 3/5/2024

0.00 9,762.50 9,762.50
03/08/2023 Interest 3130A0XE5 365,000.00 FHLB Note

3.25% Due 3/8/2024

0.00 5,931.25 5,931.25
03/08/2023 Interest 313383YJ4 550,000.00 FHLB Note

3.375% Due 9/8/2023

0.00 9,281.25 9,281.25
03/09/2023 Interest 931142EW9 480,000.00 Wal-Mart Stores Note

3.9% Due 9/9/2025

0.00 9,360.00 9,360.00
03/15/2023 Interest 91282CCX7 650,000.00 US Treasury Note

0.375% Due 9/15/2024

0.00 1,218.75 1,218.75
03/15/2023 Interest 91282CED9 600,000.00 US Treasury Note

1.75% Due 3/15/2025

0.00 5,250.00 5,250.00
03/15/2023 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
03/15/2023 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
03/15/2023 Paydown 47800AAC4 130,000.00 John Deere Owner Trust 2022-B A3

3.74% Due 2/16/2027

0.00 405.17 405.17
03/15/2023 Paydown 47800BAC2 170,000.00 John Deere Owner Trust 2022-C A3

5.09% Due 6/15/2027

0.00 721.08 721.08
Chandler Asset Management - CONFIDENTIAL Page 27 Execution Time: 1/4/2023 3:07:27 AM 262
Cash Flow Report
As of December 31, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/15/2023 Paydown 89240BAC2 261,025.12 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
17,373.41 49.03 17,422.44
03/15/2023 Paydown 44918MAD2 250,000.00 Hyundai Auto Receivables 2022-B A3

3.72% Due 11/16/2026

0.00 775.00 775.00
03/16/2023 Paydown 362585AC5 250,000.00 GM Financial Securitized ART 2022-2 A3

3.1% Due 2/16/2027

0.00 645.83 645.83
03/16/2023 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026

0.00 113.33 113.33
03/18/2023 Paydown 43815EAC8 350,000.00 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025
16,633.36 119.58 16,752.94
03/19/2023 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
03/20/2023 Paydown 92348KAV5 115,000.00 Verizon Master Trust 2022-5 A1A

3.72% Due 7/20/2027

0.00 356.50 356.50
03/21/2023 Interest 3133EMAM4 450,000.00 FFCB Callable Note Cont 9/21/2022

0.25% Due 9/21/2023

0.00 562.50 562.50
03/25/2023 Paydown 3137BTU25 352,013.33 FHLMC K724 A2

3.062% Due 11/25/2023
33,302.50 724.81 34,027.31
03/25/2023 Paydown 3137BNGT5 390,000.00 FHLMC K054 A2

2.745% Due 1/25/2026

0.00 892.13 892.13
03/25/2023 Paydown 3137BHCY1 315,016.95 FHLMC K044 A2

2.811% Due 1/25/2025
12,196.39 681.06 12,877.45
03/25/2023 Paydown 3137BTAC5 400,000.00 FHLMC K060 A2

3.3% Due 10/25/2026

0.00 1,100.00 1,100.00
03/25/2023 Paydown 3137F2LJ3 400,000.00 FHLMC K066 A2

3.117% Due 6/25/2027

0.00 1,039.00 1,039.00
03/25/2023 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
03/31/2023 Interest 91282CEG2 230,000.00 US Treasury Note

2.25% Due 3/31/2024

0.00 2,587.50 2,587.50
MAR 2023 79,505.66 53,775.72 133,281.38
04/13/2023 Interest 023135CE4 550,000.00 Amazon.com Inc Note 3% Due 4/13/2025

0.00 8,250.00 8,250.00
Chandler Asset Management - CONFIDENTIAL Page 28 Execution Time: 1/4/2023 3:07:27 AM 263
Cash Flow Report
As of December 31, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/15/2023 Interest 91282CAP6 625,000.00 US Treasury Note

0.125% Due 10/15/2023

0.00 390.63 390.63
04/15/2023 Interest 91282CDB4 625,000.00 US Treasury Note

0.625% Due 10/15/2024

0.00 1,953.13 1,953.13
04/15/2023 Interest 91282CBV2 625,000.00 US Treasury Note

0.375% Due 4/15/2024

0.00 1,171.88 1,171.88
04/15/2023 Interest 91282CEH0 900,000.00 US Treasury Note

2.625% Due 4/15/2025

0.00 11,812.50 11,812.50
04/15/2023 Maturity 912828ZH6 625,000.00 US Treasury Note

0.25% Due 4/15/2023
625,000.00 781.25 625,781.25
04/15/2023 Paydown 89240BAC2 261,025.12 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
17,379.05 45.27 17,424.32
04/15/2023 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
04/15/2023 Paydown 44918MAD2 250,000.00 Hyundai Auto Receivables 2022-B A3

3.72% Due 11/16/2026

0.00 775.00 775.00
04/15/2023 Paydown 47800AAC4 130,000.00 John Deere Owner Trust 2022-B A3

3.74% Due 2/16/2027

0.00 405.17 405.17
04/15/2023 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
04/15/2023 Paydown 47800BAC2 170,000.00 John Deere Owner Trust 2022-C A3

5.09% Due 6/15/2027

0.00 721.08 721.08
04/16/2023 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026

0.00 113.33 113.33
04/16/2023 Paydown 362585AC5 250,000.00 GM Financial Securitized ART 2022-2 A3

3.1% Due 2/16/2027

0.00 645.83 645.83
04/18/2023 Paydown 43815EAC8 350,000.00 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025
16,636.68 113.90 16,750.58
04/19/2023 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
04/20/2023 Paydown 92348KAV5 115,000.00 Verizon Master Trust 2022-5 A1A

3.72% Due 7/20/2027

0.00 356.50 356.50
04/25/2023 Paydown 3137BNGT5 390,000.00 FHLMC K054 A2

2.745% Due 1/25/2026

0.00 892.13 892.13
Chandler Asset Management - CONFIDENTIAL Page 29 Execution Time: 1/4/2023 3:07:27 AM 264
Cash Flow Report
As of December 31, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/25/2023 Paydown 3137BHCY1 315,016.95 FHLMC K044 A2

2.811% Due 1/25/2025
12,235.89 652.49 12,888.38
04/25/2023 Paydown 3137BTAC5 400,000.00 FHLMC K060 A2

3.3% Due 10/25/2026

0.00 1,100.00 1,100.00
04/25/2023 Paydown 3137BTU25 352,013.33 FHLMC K724 A2

3.062% Due 11/25/2023
32,856.58 639.83 33,496.41
04/25/2023 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
04/25/2023 Paydown 3137F2LJ3 400,000.00 FHLMC K066 A2

3.117% Due 6/25/2027

0.00 1,039.00 1,039.00
APR 2023 704,108.20 34,058.37 738,166.57
05/01/2023 Interest 06367WB85 575,000.00 Bank of Montreal Note

1.85% Due 5/1/2025

0.00 5,318.75 5,318.75
05/09/2023 Interest 3130APU29 500,000.00 FHLB Note

0.5% Due 11/9/2023

0.00 1,250.00 1,250.00
05/11/2023 Interest 037833CU2 550,000.00 Apple Inc Callable Note Cont 3/11/2024

2.85% Due 5/11/2024

0.00 7,837.50 7,837.50
05/15/2023 Interest 912828G38 625,000.00 US Treasury Note

2.25% Due 11/15/2024

0.00 7,031.25 7,031.25
05/15/2023 Interest 912828U24 270,000.00 US Treasury Note 2% Due 11/15/2026

0.00 2,700.00 2,700.00
05/15/2023 Interest 912828WJ5 600,000.00 US Treasury Note

2.5% Due 5/15/2024

0.00 7,500.00 7,500.00
05/15/2023 Interest 912828XB1 600,000.00 US Treasury Note

2.125% Due 5/15/2025

0.00 6,375.00 6,375.00
05/15/2023 Interest 91282CFW6 600,000.00 US Treasury Note

4.5% Due 11/15/2025

0.00 13,500.00 13,500.00
05/15/2023 Paydown 89240BAC2 261,025.12 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
17,384.70 41.50 17,426.20
05/15/2023 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
05/15/2023 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
Chandler Asset Management - CONFIDENTIAL Page 30 Execution Time: 1/4/2023 3:07:27 AM 265
Cash Flow Report
As of December 31, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/15/2023 Paydown 44918MAD2 250,000.00 Hyundai Auto Receivables 2022-B A3

3.72% Due 11/16/2026

0.00 775.00 775.00
05/15/2023 Paydown 47800AAC4 130,000.00 John Deere Owner Trust 2022-B A3

3.74% Due 2/16/2027

0.00 405.17 405.17
05/15/2023 Paydown 47800BAC2 170,000.00 John Deere Owner Trust 2022-C A3

5.09% Due 6/15/2027

0.00 721.08 721.08
05/16/2023 Paydown 362585AC5 250,000.00 GM Financial Securitized ART 2022-2 A3

3.1% Due 2/16/2027

0.00 645.83 645.83
05/16/2023 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026

0.00 113.33 113.33
05/18/2023 Paydown 43815EAC8 350,000.00 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025
16,640.01 108.22 16,748.23
05/19/2023 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
05/20/2023 Paydown 92348KAV5 115,000.00 Verizon Master Trust 2022-5 A1A

3.72% Due 7/20/2027

0.00 356.50 356.50
05/25/2023 Paydown 3137BHCY1 315,016.95 FHLMC K044 A2

2.811% Due 1/25/2025
12,275.52 623.83 12,899.35
05/25/2023 Paydown 3137BTAC5 400,000.00 FHLMC K060 A2

3.3% Due 10/25/2026

0.00 1,100.00 1,100.00
05/25/2023 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
05/25/2023 Paydown 3137BTU25 352,013.33 FHLMC K724 A2

3.062% Due 11/25/2023
32,415.28 555.99 32,971.27
05/25/2023 Paydown 3137BNGT5 390,000.00 FHLMC K054 A2

2.745% Due 1/25/2026

0.00 892.13 892.13
05/25/2023 Paydown 3137F2LJ3 400,000.00 FHLMC K066 A2

3.117% Due 6/25/2027

0.00 1,039.00 1,039.00
MAY 2023 78,715.51 61,089.53 139,805.04
06/05/2023 Interest 06051GHF9 550,000.00 Bank of America Corp Callable Note 1X 3/5/2023

3.55% Due 3/5/2024

0.00 7,965.69 7,965.69
06/08/2023 Interest 3130A0F70 450,000.00 FHLB Note

3.375% Due 12/8/2023

0.00 7,593.75 7,593.75
Chandler Asset Management - CONFIDENTIAL Page 31 Execution Time: 1/4/2023 3:07:27 AM 266
Cash Flow Report
As of December 31, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/09/2023 Maturity 3133834G3 70,000.00 FHLB Note

2.125% Due 6/9/2023
70,000.00 743.75 70,743.75
06/13/2023 Interest 06406RBF3 550,000.00 Bank of NY Mellon Corp Callable Note Cont 6/13/2024

3.43% Due 6/13/2025

0.00 9,432.50 9,432.50
06/14/2023 Interest 92826CAD4 500,000.00 Visa Inc Callable Note Cont 9/14/2025

3.15% Due 12/14/2025

0.00 7,875.00 7,875.00
06/14/2023 Interest 46647PDE3 550,000.00 JP Morgan Chase & Co Callable Note Cont 6/14/2025

3.845% Due 6/14/2025

0.00 10,691.24 10,691.24
06/15/2023 Interest 91282CGA3 335,000.00 US Treasury Note 4% Due 12/15/2025

0.00 6,700.00 6,700.00
06/15/2023 Interest 91282CDN8 650,000.00 US Treasury Note 1% Due 12/15/2024

0.00 3,250.00 3,250.00
06/15/2023 Maturity 912828ZU7 625,000.00 US Treasury Note

0.25% Due 6/15/2023
625,000.00 781.25 625,781.25
06/15/2023 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
06/15/2023 Paydown 47800BAC2 170,000.00 John Deere Owner Trust 2022-C A3

5.09% Due 6/15/2027

0.00 721.08 721.08
06/15/2023 Paydown 44918MAD2 250,000.00 Hyundai Auto Receivables 2022-B A3

3.72% Due 11/16/2026

0.00 775.00 775.00
06/15/2023 Paydown 89240BAC2 261,025.12 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
17,390.36 37.73 17,428.09
06/15/2023 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
06/15/2023 Paydown 47800AAC4 130,000.00 John Deere Owner Trust 2022-B A3

3.74% Due 2/16/2027

0.00 405.17 405.17
06/16/2023 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026

0.00 113.33 113.33
06/16/2023 Paydown 362585AC5 250,000.00 GM Financial Securitized ART 2022-2 A3

3.1% Due 2/16/2027

0.00 645.83 645.83
06/17/2023 Interest 3133ENYX2 375,000.00 FFCB Note

3.25% Due 6/17/2024

0.00 6,093.75 6,093.75
Chandler Asset Management - CONFIDENTIAL Page 32 Execution Time: 1/4/2023 3:07:27 AM 267
Cash Flow Report
As of December 31, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/18/2023 Paydown 43815EAC8 350,000.00 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025
16,643.34 102.53 16,745.87
06/19/2023 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
06/20/2023 Interest 3130AQF40 400,000.00 FHLB Note
1% Due 12/20/2024

0.00 2,000.00 2,000.00
06/20/2023 Paydown 92348KAV5 115,000.00 Verizon Master Trust 2022-5 A1A

3.72% Due 7/20/2027

0.00 356.50 356.50
06/25/2023 Paydown 3137BHCY1 315,016.95 FHLMC K044 A2

2.811% Due 1/25/2025
12,315.28 595.08 12,910.36
06/25/2023 Paydown 3137BTAC5 400,000.00 FHLMC K060 A2

3.3% Due 10/25/2026

0.00 1,100.00 1,100.00
06/25/2023 Paydown 3137F2LJ3 400,000.00 FHLMC K066 A2

3.117% Due 6/25/2027

0.00 1,039.00 1,039.00
06/25/2023 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
06/25/2023 Paydown 3137BNGT5 390,000.00 FHLMC K054 A2

2.745% Due 1/25/2026

0.00 892.13 892.13
06/25/2023 Paydown 3137BTU25 352,013.33 FHLMC K724 A2

3.062% Due 11/25/2023
31,978.55 473.28 32,451.83
06/28/2023 Interest 3130ASDS5 365,000.00 FHLB Note

2.75% Due 6/28/2024

0.00 5,018.75 5,018.75
06/30/2023 Interest 912828XX3 500,000.00 US Treasury Note 2% Due 6/30/2024

0.00 5,000.00 5,000.00
JUN 2023 773,327.53 82,601.79 855,929.32
07/01/2023 Interest 4581X0EE4 550,000.00 Inter-American Dev Bank Note

3.25% Due 7/1/2024

0.00 8,937.50 8,937.50
07/07/2023 Interest 3135G0X24 450,000.00 FNMA Note

1.625% Due 1/7/2025

0.00 3,656.25 3,656.25
07/08/2023 Interest 3130ASME6 500,000.00 FHLB Note
3% Due 7/8/2024

0.00 7,500.00 7,500.00
07/15/2023 Interest 91282CCL3 650,000.00 US Treasury Note

0.375% Due 7/15/2024

0.00 1,218.75 1,218.75
Chandler Asset Management - CONFIDENTIAL Page 33 Execution Time: 1/4/2023 3:07:27 AM 268
Cash Flow Report
As of December 31, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/15/2023 Paydown 89240BAC2 261,025.12 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
17,396.00 33.97 17,429.97
07/15/2023 Paydown 44918MAD2 250,000.00 Hyundai Auto Receivables 2022-B A3

3.72% Due 11/16/2026

0.00 775.00 775.00
07/15/2023 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
07/15/2023 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
07/15/2023 Paydown 47800AAC4 130,000.00 John Deere Owner Trust 2022-B A3

3.74% Due 2/16/2027

0.00 405.17 405.17
07/15/2023 Paydown 47800BAC2 170,000.00 John Deere Owner Trust 2022-C A3

5.09% Due 6/15/2027

0.00 721.08 721.08
07/16/2023 Paydown 362585AC5 250,000.00 GM Financial Securitized ART 2022-2 A3

3.1% Due 2/16/2027

0.00 645.83 645.83
07/16/2023 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026
9,501.61 113.33 9,614.94
07/18/2023 Paydown 43815EAC8 350,000.00 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025
16,646.67 96.84 16,743.51
07/19/2023 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
07/20/2023 Paydown 92348KAV5 115,000.00 Verizon Master Trust 2022-5 A1A

3.72% Due 7/20/2027

0.00 356.50 356.50
07/25/2023 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
07/25/2023 Paydown 3137BHCY1 315,016.95 FHLMC K044 A2

2.811% Due 1/25/2025
12,355.17 566.23 12,921.40
07/25/2023 Paydown 3137BTAC5 400,000.00 FHLMC K060 A2

3.3% Due 10/25/2026

0.00 1,100.00 1,100.00
07/25/2023 Paydown 3137F2LJ3 400,000.00 FHLMC K066 A2

3.117% Due 6/25/2027

0.00 1,039.00 1,039.00
07/25/2023 Paydown 3137BNGT5 390,000.00 FHLMC K054 A2

2.745% Due 1/25/2026

0.00 892.13 892.13
07/25/2023 Paydown 3137BTU25 352,013.33 FHLMC K724 A2

3.062% Due 11/25/2023
31,546.35 391.68 31,938.03
Chandler Asset Management - CONFIDENTIAL Page 34 Execution Time: 1/4/2023 3:07:27 AM 269
Cash Flow Report
As of December 31, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/29/2023 Interest 459058EP4 500,000.00 Intl. Bank Recon & Development Note

2.5% Due 7/29/2025

0.00 6,250.00 6,250.00
07/31/2023 Interest 9128285Z9 600,000.00 US Treasury Note

2.5% Due 1/31/2024

0.00 7,500.00 7,500.00
07/31/2023 Interest 91282CAB7 650,000.00 US Treasury Note

0.25% Due 7/31/2025

0.00 812.50 812.50
07/31/2023 Maturity 06417MB53 500,000.00 Bank of Nova Scotia Houston Yankee CD

3.7% Due 7/31/2023
500,000.00 18,859.72 518,859.72
JUL 2023 587,445.80 64,070.93 651,516.73
08/15/2023 Interest 3133ENG20 500,000.00 FFCB Note

3.3% Due 8/15/2024

0.00 8,250.00 8,250.00
08/15/2023 Interest 912828B66 600,000.00 US Treasury Note

2.75% Due 2/15/2024

0.00 8,250.00 8,250.00
08/15/2023 Interest 912828J27 600,000.00 US Treasury Note 2% Due 2/15/2025

0.00 6,000.00 6,000.00
08/15/2023 Interest 194162AM5 160,000.00 Colgate Palmolive Co. Note

3.1% Due 8/15/2025

0.00 2,480.00 2,480.00
08/15/2023 Interest 26442UAA2 550,000.00 Duke Energy Progress LLC Callable Note Cont 5/15/25

3.25% Due 8/15/2025

0.00 8,937.50 8,937.50
08/15/2023 Interest 91282CCT6 625,000.00 US Treasury Note

0.375% Due 8/15/2024

0.00 1,171.88 1,171.88
08/15/2023 Paydown 44918MAD2 250,000.00 Hyundai Auto Receivables 2022-B A3

3.72% Due 11/16/2026

0.00 775.00 775.00
08/15/2023 Paydown 47800AAC4 130,000.00 John Deere Owner Trust 2022-B A3

3.74% Due 2/16/2027

0.00 405.17 405.17
08/15/2023 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
08/15/2023 Paydown 89240BAC2 261,025.12 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
17,401.65 30.20 17,431.85
08/15/2023 Paydown 47800BAC2 170,000.00 John Deere Owner Trust 2022-C A3

5.09% Due 6/15/2027

0.00 721.08 721.08
08/15/2023 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
Chandler Asset Management - CONFIDENTIAL Page 35 Execution Time: 1/4/2023 3:07:27 AM 270
Cash Flow Report
As of December 31, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/16/2023 Paydown 362585AC5 250,000.00 GM Financial Securitized ART 2022-2 A3

3.1% Due 2/16/2027

0.00 645.83 645.83
08/16/2023 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026
9,503.82 107.95 9,611.77
08/18/2023 Paydown 43815EAC8 350,000.00 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025
16,649.99 91.16 16,741.15
08/19/2023 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
08/20/2023 Paydown 92348KAV5 115,000.00 Verizon Master Trust 2022-5 A1A

3.72% Due 7/20/2027

0.00 356.50 356.50
08/24/2023 Maturity 3137EAEV7 550,000.00 FHLMC Note

0.25% Due 8/24/2023
550,000.00 687.50 550,687.50
08/25/2023 Interest 3135G05X7 400,000.00 FNMA Note

0.375% Due 8/25/2025

0.00 750.00 750.00
08/25/2023 Paydown 3137BNGT5 390,000.00 FHLMC K054 A2

2.745% Due 1/25/2026

0.00 892.13 892.13
08/25/2023 Paydown 3137BHCY1 315,016.95 FHLMC K044 A2

2.811% Due 1/25/2025
12,395.19 537.29 12,932.48
08/25/2023 Paydown 3137BTAC5 400,000.00 FHLMC K060 A2

3.3% Due 10/25/2026

0.00 1,100.00 1,100.00
08/25/2023 Paydown 3137BTU25 352,013.33 FHLMC K724 A2

3.062% Due 11/25/2023
31,118.65 311.18 31,429.83
08/25/2023 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
08/25/2023 Paydown 3137F2LJ3 400,000.00 FHLMC K066 A2

3.117% Due 6/25/2027

0.00 1,039.00 1,039.00
AUG 2023 637,069.30 45,738.82 682,808.12
09/05/2023 Interest 06051GHF9 550,000.00 Bank of America Corp Callable Note 1X 3/5/2023

3.55% Due 3/5/2024

0.00 7,965.69 7,965.69
09/08/2023 Interest 3130A0XE5 365,000.00 FHLB Note

3.25% Due 3/8/2024

0.00 5,931.25 5,931.25
09/08/2023 Maturity 313383YJ4 550,000.00 FHLB Note

3.375% Due 9/8/2023
550,000.00 9,281.25 559,281.25
Chandler Asset Management - CONFIDENTIAL Page 36 Execution Time: 1/4/2023 3:07:27 AM271 Cash Flow Report
As of December 31, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/09/2023 Interest 931142EW9 480,000.00 Wal-Mart Stores Note

3.9% Due 9/9/2025

0.00 9,360.00 9,360.00
09/15/2023 Interest 91282CCX7 650,000.00 US Treasury Note

0.375% Due 9/15/2024

0.00 1,218.75 1,218.75
09/15/2023 Interest 91282CED9 600,000.00 US Treasury Note

1.75% Due 3/15/2025

0.00 5,250.00 5,250.00
09/15/2023 Paydown 89240BAC2 261,025.12 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
17,407.31 26.43 17,433.74
09/15/2023 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
09/15/2023 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
09/15/2023 Paydown 44918MAD2 250,000.00 Hyundai Auto Receivables 2022-B A3

3.72% Due 11/16/2026

0.00 775.00 775.00
09/15/2023 Paydown 47800AAC4 130,000.00 John Deere Owner Trust 2022-B A3

3.74% Due 2/16/2027

0.00 405.17 405.17
09/15/2023 Paydown 47800BAC2 170,000.00 John Deere Owner Trust 2022-C A3

5.09% Due 6/15/2027

0.00 721.08 721.08
09/16/2023 Paydown 362585AC5 250,000.00 GM Financial Securitized ART 2022-2 A3

3.1% Due 2/16/2027

0.00 645.83 645.83
09/16/2023 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026
9,506.04 102.56 9,608.60
09/18/2023 Paydown 43815EAC8 350,000.00 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025
16,653.33 85.47 16,738.80
09/19/2023 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
09/20/2023 Paydown 92348KAV5 115,000.00 Verizon Master Trust 2022-5 A1A

3.72% Due 7/20/2027

0.00 356.50 356.50
09/21/2023 Maturity 3133EMAM4 450,000.00 FFCB Callable Note Cont 9/21/2022

0.25% Due 9/21/2023
450,000.00 562.50 450,562.50
09/25/2023 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
09/25/2023 Paydown 3137BTU25 352,013.33 FHLMC K724 A2

3.062% Due 11/25/2023
30,695.38 231.78 30,927.16
Chandler Asset Management - CONFIDENTIAL Page 37 Execution Time: 1/4/2023 3:07:27 AM272 Cash Flow Report
As of December 31, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/25/2023 Paydown 3137F2LJ3 400,000.00 FHLMC K066 A2

3.117% Due 6/25/2027

0.00 1,039.00 1,039.00
09/25/2023 Paydown 3137BNGT5 390,000.00 FHLMC K054 A2

2.745% Due 1/25/2026

0.00 892.13 892.13
09/25/2023 Paydown 3137BHCY1 315,016.95 FHLMC K044 A2

2.811% Due 1/25/2025
12,435.35 508.25 12,943.60
09/25/2023 Paydown 3137BTAC5 400,000.00 FHLMC K060 A2

3.3% Due 10/25/2026

0.00 1,100.00 1,100.00
09/30/2023 Interest 91282CEG2 230,000.00 US Treasury Note

2.25% Due 3/31/2024

0.00 2,587.50 2,587.50
SEP 2023 1,086,697.41 51,245.59 1,137,943.00
10/13/2023 Interest 023135CE4 550,000.00 Amazon.com Inc Note 3% Due 4/13/2025

0.00 8,250.00 8,250.00
10/15/2023 Interest 91282CDB4 625,000.00 US Treasury Note

0.625% Due 10/15/2024

0.00 1,953.13 1,953.13
10/15/2023 Interest 91282CBV2 625,000.00 US Treasury Note

0.375% Due 4/15/2024

0.00 1,171.88 1,171.88
10/15/2023 Interest 91282CEH0 900,000.00 US Treasury Note

2.625% Due 4/15/2025

0.00 11,812.50 11,812.50
10/15/2023 Maturity 91282CAP6 625,000.00 US Treasury Note

0.125% Due 10/15/2023
625,000.00 390.63 625,390.63
10/15/2023 Paydown 44918MAD2 250,000.00 Hyundai Auto Receivables 2022-B A3

3.72% Due 11/16/2026

0.00 775.00 775.00
10/15/2023 Paydown 89240BAC2 261,025.12 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
17,412.97 22.66 17,435.63
10/15/2023 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
10/15/2023 Paydown 47800BAC2 170,000.00 John Deere Owner Trust 2022-C A3

5.09% Due 6/15/2027

0.00 721.08 721.08
10/15/2023 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
10/15/2023 Paydown 47800AAC4 130,000.00 John Deere Owner Trust 2022-B A3

3.74% Due 2/16/2027

0.00 405.17 405.17
Chandler Asset Management - CONFIDENTIAL Page 38 Execution Time: 1/4/2023 3:07:27 AM 273
Cash Flow Report
As of December 31, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/16/2023 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026
9,508.26 97.18 9,605.44
10/16/2023 Paydown 362585AC5 250,000.00 GM Financial Securitized ART 2022-2 A3

3.1% Due 2/16/2027

0.00 645.83 645.83
10/18/2023 Paydown 43815EAC8 350,000.00 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025
16,656.66 79.78 16,736.44
10/19/2023 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
10/20/2023 Paydown 92348KAV5 115,000.00 Verizon Master Trust 2022-5 A1A

3.72% Due 7/20/2027

0.00 356.50 356.50
10/25/2023 Paydown 3137BHCY1 315,016.95 FHLMC K044 A2

2.811% Due 1/25/2025
12,475.63 479.12 12,954.75
10/25/2023 Paydown 3137BTAC5 400,000.00 FHLMC K060 A2

3.3% Due 10/25/2026

0.00 1,100.00 1,100.00
10/25/2023 Paydown 3137BNGT5 390,000.00 FHLMC K054 A2

2.745% Due 1/25/2026

0.00 892.13 892.13
10/25/2023 Paydown 3137BTU25 352,013.33 FHLMC K724 A2

3.062% Due 11/25/2023
30,276.53 153.45 30,429.98
10/25/2023 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
10/25/2023 Paydown 3137F2LJ3 400,000.00 FHLMC K066 A2

3.117% Due 6/25/2027

0.00 1,039.00 1,039.00
OCT 2023 711,330.05 32,544.49 743,874.54
11/01/2023 Interest 06367WB85 575,000.00 Bank of Montreal Note

1.85% Due 5/1/2025

0.00 5,318.75 5,318.75
11/09/2023 Maturity 3130APU29 500,000.00 FHLB Note

0.5% Due 11/9/2023
500,000.00 1,250.00 501,250.00
11/11/2023 Interest 037833CU2 550,000.00 Apple Inc Callable Note Cont 3/11/2024

2.85% Due 5/11/2024

0.00 7,837.50 7,837.50
11/15/2023 Interest 912828WJ5 600,000.00 US Treasury Note

2.5% Due 5/15/2024

0.00 7,500.00 7,500.00
11/15/2023 Interest 912828XB1 600,000.00 US Treasury Note

2.125% Due 5/15/2025

0.00 6,375.00 6,375.00
Chandler Asset Management - CONFIDENTIAL Page 39 Execution Time: 1/4/2023 3:07:27 AM274 Cash Flow Report
As of December 31, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/15/2023 Interest 912828U24 270,000.00 US Treasury Note 2% Due 11/15/2026

0.00 2,700.00 2,700.00
11/15/2023 Interest 91282CFW6 600,000.00 US Treasury Note

4.5% Due 11/15/2025

0.00 13,500.00 13,500.00
11/15/2023 Interest 912828G38 625,000.00 US Treasury Note

2.25% Due 11/15/2024

0.00 7,031.25 7,031.25
11/15/2023 Paydown 44918MAD2 250,000.00 Hyundai Auto Receivables 2022-B A3

3.72% Due 11/16/2026

0.00 775.00 775.00
11/15/2023 Paydown 89240BAC2 261,025.12 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
17,418.63 18.88 17,437.51
11/15/2023 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
11/15/2023 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026

0.00 107.67 107.67
11/15/2023 Paydown 47800AAC4 130,000.00 John Deere Owner Trust 2022-B A3

3.74% Due 2/16/2027

0.00 405.17 405.17
11/15/2023 Paydown 47800BAC2 170,000.00 John Deere Owner Trust 2022-C A3

5.09% Due 6/15/2027

0.00 721.08 721.08
11/16/2023 Paydown 362585AC5 250,000.00 GM Financial Securitized ART 2022-2 A3

3.1% Due 2/16/2027

0.00 645.83 645.83
11/16/2023 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026
9,510.48 91.79 9,602.27
11/18/2023 Paydown 43815EAC8 350,000.00 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025
16,659.99 74.09 16,734.08
11/19/2023 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
11/20/2023 Paydown 92348KAV5 115,000.00 Verizon Master Trust 2022-5 A1A

3.72% Due 7/20/2027

0.00 356.50 356.50
11/25/2023 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
11/25/2023 Paydown 3137BNGT5 390,000.00 FHLMC K054 A2

2.745% Due 1/25/2026

0.00 892.13 892.13
11/25/2023 Paydown 3137BTU25 352,013.33 FHLMC K724 A2

3.062% Due 11/25/2023
29,862.03 76.20 29,938.23
Chandler Asset Management - CONFIDENTIAL Page 40 Execution Time: 1/4/2023 3:07:27 AM 275
Cash Flow Report
As of December 31, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/25/2023 Paydown 3137BHCY1 315,016.95 FHLMC K044 A2

2.811% Due 1/25/2025
12,516.03 449.90 12,965.93
11/25/2023 Paydown 3137BTAC5 400,000.00 FHLMC K060 A2

3.3% Due 10/25/2026

0.00 1,100.00 1,100.00
11/25/2023 Paydown 3137F2LJ3 400,000.00 FHLMC K066 A2

3.117% Due 6/25/2027

0.00 1,039.00 1,039.00
NOV 2023 585,967.16 60,357.52 646,324.68
12/05/2023 Interest 06051GHF9 550,000.00 Bank of America Corp Callable Note 1X 3/5/2023

3.55% Due 3/5/2024

0.00 7,879.11 7,879.11
12/08/2023 Maturity 3130A0F70 450,000.00 FHLB Note

3.375% Due 12/8/2023
450,000.00 7,593.75 457,593.75
12/13/2023 Interest 06406RBF3 550,000.00 Bank of NY Mellon Corp Callable Note Cont 6/13/2024

3.43% Due 6/13/2025

0.00 9,432.50 9,432.50
12/14/2023 Interest 92826CAD4 500,000.00 Visa Inc Callable Note Cont 9/14/2025

3.15% Due 12/14/2025

0.00 7,875.00 7,875.00
12/14/2023 Interest 46647PDE3 550,000.00 JP Morgan Chase & Co Callable Note Cont 6/14/2025

3.845% Due 6/14/2025

0.00 10,749.98 10,749.98
12/15/2023 Interest 91282CDN8 650,000.00 US Treasury Note 1% Due 12/15/2024

0.00 3,250.00 3,250.00
12/15/2023 Interest 91282CGA3 335,000.00 US Treasury Note 4% Due 12/15/2025

0.00 6,700.00 6,700.00
12/15/2023 Paydown 44918MAD2 250,000.00 Hyundai Auto Receivables 2022-B A3

3.72% Due 11/16/2026

0.00 775.00 775.00
12/15/2023 Paydown 89240BAC2 261,025.12 Toyota Auto Receivables Owners 2021-A A3

0.26% Due 5/15/2025
17,424.29 15.11 17,439.40
12/15/2023 Paydown 05522RDC9 380,000.00 Bank of America Credit Card Tr 2020-A1 A1

0.34% Due 5/15/2026
380,000.00 107.67 380,107.67
12/15/2023 Paydown 47800BAC2 170,000.00 John Deere Owner Trust 2022-C A3

5.09% Due 6/15/2027

0.00 721.08 721.08
12/15/2023 Paydown 02582JJR2 265,000.00 American Express 2021-1 A

0.9% Due 11/15/2026

0.00 198.75 198.75
12/15/2023 Paydown 47800AAC4 130,000.00 John Deere Owner Trust 2022-B A3

3.74% Due 2/16/2027

0.00 405.17 405.17
Chandler Asset Management - CONFIDENTIAL Page 41 Execution Time: 1/4/2023 3:07:27 AM 276
Cash Flow Report
As of December 31, 2022
City of Santa Paula
Account #10939
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/16/2023 Paydown 362554AC1 200,000.00 GM Financial Securitized Term 2021-4 A3

0.68% Due 9/16/2026
9,512.70 86.40 9,599.10
12/16/2023 Paydown 362585AC5 250,000.00 GM Financial Securitized ART 2022-2 A3

3.1% Due 2/16/2027
11,334.83 645.83 11,980.66
12/17/2023 Interest 3133ENYX2 375,000.00 FFCB Note

3.25% Due 6/17/2024

0.00 6,093.75 6,093.75
12/18/2023 Paydown 43815EAC8 350,000.00 Honda Auto Receivables 2021-3 A3

0.41% Due 11/18/2025
16,663.33 68.39 16,731.72
12/19/2023 Paydown 3137BFXT3 380,000.00 FHLMC K042 A2

2.67% Due 12/25/2024

0.00 845.50 845.50
12/20/2023 Interest 3130AQF40 400,000.00 FHLB Note
1% Due 12/20/2024

0.00 2,000.00 2,000.00
12/20/2023 Paydown 92348KAV5 115,000.00 Verizon Master Trust 2022-5 A1A

3.72% Due 7/20/2027

0.00 356.50 356.50
12/25/2023 Paydown 3137BNGT5 390,000.00 FHLMC K054 A2

2.745% Due 1/25/2026

0.00 892.13 892.13
12/25/2023 Paydown 3137BHCY1 315,016.95 FHLMC K044 A2

2.811% Due 1/25/2025
12,556.58 420.58 12,977.16
12/25/2023 Paydown 3137BTAC5 400,000.00 FHLMC K060 A2

3.3% Due 10/25/2026

0.00 1,100.00 1,100.00
12/25/2023 Paydown 3137BM7C4 380,000.00 FHLMC K051 A2

3.308% Due 9/25/2025

0.00 1,047.53 1,047.53
12/25/2023 Paydown 3137F2LJ3 400,000.00 FHLMC K066 A2

3.117% Due 6/25/2027

0.00 1,039.00 1,039.00
12/28/2023 Interest 3130ASDS5 365,000.00 FHLB Note

2.75% Due 6/28/2024

0.00 5,018.75 5,018.75
12/31/2023 Interest 912828XX3 500,000.00 US Treasury Note 2% Due 6/30/2024

0.00 5,000.00 5,000.00
DEC 2023 897,491.73 80,317.48 977,809.21
TOTAL 6,269,701.78 663,955.70 6,933,657.48
Chandler Asset Management - CONFIDENTIAL Page 42 Execution Time: 1/4/2023 3:07:27 AM277 Important Disclosures City of Santa Paula
Account #10939
Chandler Asset Management, Inc. ;͞Chandler͟Ϳis an SEC registered investment adviser. For additional information about our firm, please see our current disclosures (Form ADV). To obtain a copy of our current disclosures, you may contact your client service representative by calling the number on the front of this statement or you may visit our website at www.chandlerasset.com.

Source ice Data Indices, LLC ("ICE"), used with permission. ICE PERMITS USE OF THE ICE INDICES AND RELATED DATA ON AN "AS IS" BASIS; ICE, ITS AFFILIATES AND THEIR RESPECTIVE

Ratings: Ratings information have been provided by Moody͛s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.

Chandler Asset Management - CONFIDENTIAL Page 43 Execution Time: 1/4/2023 3:07:27 AM 278
Benchmark Index & Disclosures City of Santa Paula
Account #10939
Benchmark Index Disclosure
ICE BofA 1-3 Yr US Treasury & Agency
Index
The ICE BofA 1-3 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody͛s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than three years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies.

Chandler Asset Management - CONFIDENTIAL Page 44 Execution Time: 1/4/2023 3:07:27 AM 279
To: Honorable Mayor and Members of the City Council
From: Christy Ramirez, Finance Director
Subject: MID-YEAR FISCAL REPORT
Date: March 1, 2023
Agenda Item: 12.B

CITY OF SANTA PAULA

MEMORANDUM
RECOMMENDATION:

Staff recommends that the City Council approve Resolution No. 7448 Amending the City’s Operating and CIP Budget for FY 2022/23.

Presented by: Finance Director Christy Ramirez
BACKGROUND:

The purpose of this Mid-Year Financial Review is to provide a status update on the City’s revenue and expenditure activity as it relates to the FY 2022/23 Operating Budget, which was originally adopted on June 23, 2021. This report provides an overview of the revenue and expenditure activity in the General Fund, as well as the City’s Special Funds, and presents recommendations for adjustments to the adopted budget, where needed.

The first section of this report is a summary of the financial activity for the City’s most significant fund, the General Fund, as of February 21, 2023. Staff has also included discussion on other miscellaneous funds and the Capital Improvement Program (CIP) budget.

In analyzing the attached report, the following information should be taken into consideration:

Revenues and expenditures are recorded during the period received or paid. It is only at the end of the fiscal year that accrual entries are made to associate the revenues and expenditures to the corresponding period.

The receipt of revenues varies according to the source of funding, so the December totals may not represent six months of revenues in many categories. For example, “Traditional” Property Tax payments are normally received as follows: 56% in December, 41% in April, and 3% in June.

Expenditures for salaries and some operating costs may be disbursed evenly on a month-to-month basis, however, there are some expenditure line items whereby funds are released or encumbered at the start of the new fiscal year. In addition, expenditures for Liability Insurance, Workers Compensation and Debt Service are made on a quarterly, semi-annual or annual basis.

ANALYSIS:

Fiscal Year 22/23 revenues are trending below expectations due to a delay in development 280
activity. Staff will return in mid April to address any adjustments needed for projects that do not materialize this fiscal year. This staff report addresses significant variances on a line item basis, outside of development related revenues. Following is a breakdown of staff recommendations to budget modifications for Q2 22/23 by fund:

GENERAL FUNDS -
Overall, based on year to date activity analysis and comparison to prior year actuals in the Second Quarter of FY 2021/22, revenues and expenditures for the General Fund are tracking as expected, or higher (not including development related revenues). At this time, staff is recommending revenue and expenditure adjustments that continue to maintain a balanced budget, described in further sections of this report.

The General Fund is the general operating fund of the City and accounts for activities and services traditionally associated with general municipal services. When discussing the General Fund in this report, included is the sub funds such as Measure T and Recreation Program funds. Staff has included recommended budget adjustments for all funds within the analysis of the Revenues, Expenditures, and Capital Improvement Program and Other Funds sections of this report. Additionally, a summary by general ledger accounts can be found in Exhibit A to the attached resolution.

Staff continues to closely monitor revenue projections, as well as evaluate resource requirements, and will advise Council of any changes as they arise. Details regarding revenue and expenditure performances, previous Council approved budget appropriations made this fiscal year, as well as recommended budget revisions are further outlined in this report.

General Fund Revenue Analysis:

The tables and summary information below provide additional detail on the revenue activity to date on a budget to actual comparison.

All General Funds Budget Actuals
Proposed
Adjustments
Variance
Charges for Service
2,098,813 660,435
290,175 31.5%
Licenses & Permits 1,339,500 348,231- 26.0%
Fines & Penalties 91,500 52,928- 57.8%
Other Revenue
30,500 188,000
204,538 616.4%
Intergovernmental
Revenues 433,496 227,012
- 52.4%
Property Related
4,650,163 2,505,476
100,000 53.9%
Sales Tax 7,400,000 3,123,639 100,00042.2%
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Other Taxes 368,000 276,097 - 75.0%
TOT
110,000 71,030
- 64.6%
Business License
133,000 117,597
- 88.4%
Real Property Transfer Tax 125,000 87,470- 70.0%
Franchise Fee
845,000 433,845 80,000

51.3%
Investments & Income
112,365 48,338 40,000

43.0%
Transfers 2,193,204 -- 0.0%
Totals
19,562,541 7,864,001
814,713 40.2%
Licenses and Permits revenue categories, are primarily below target levels. All permit activity is trending below target due to expected development activity being delayed. Staff will continue to monitor activity and return during the third quarter with any necessary adjustments, but it should be noted at this time that significant declines in development activity are causing lower-than-anticipated revenues in these categories.

Charges for Services, like licenses and services, is seeing a significant shortfall due to development activity, in particular in plan Check Fees. Rental income is currently included in this category and an increase of $159,175 is recommended for the three rentals at Palm Ave.

An increase of $131,000 is recommended for the Mill Park insurance reimbursement, which was decreased in FY 21/22 due to a delayed reimbursement from CalJPIA.

Other Revenues encompasses all other revenues not otherwise mentioned. Staff is recommending an increase of $179,538 to Worker's Compensation for the reimbursement of police department personnel. An additional increase of $25,000 and matching expenditure increase is recommended in grant funding for a Wellness grant received by the Police Department.

The Intergovernmental Revenue category, which includes the Prop 172 sales tax (sales tax for public safety activities), expected to meet projections. No budget adjustments are recommended at this time.

The Property Tax category is composed of two payment types - the “Traditional” Property Tax, which are received in large part during the months of December and April, and the Property Tax in Lieu of Motor Vehicle License Fees (MVLF) which is received in two payments during January and May. Traditional property taxes are trending approximately at expected levels with the exception of residual receipts, while the first half of the MLVF fees are meeting revised projections. Staff recommends an overall $100,000 increase in property tax revenue to account for $80,000 in residual payments and $20,000 in traditional property taxes. 282
The annual Sales Tax budgeted figure of $6.3m is comprised of twelve (12) monthly payments for the traditional Sales Tax line item, as well as an equal amount of payments for the Measure T 1% Sales Tax. To date, the revenues collected totaled $2.45m, or 38.9% of the estimated revenue for the year, accounting for 4 months of revenue. Staff is recommending an increase of $100,000 in sales tax revenue for Measure T Sales Tax. As Measure T funds are designated for specific purposes, staff proposes convening the Measure T Committee to review the opportunities for one-time expenditures utilizing remaining fund balance and increased revenue projections and returning to Council with such recommendations.

Other Taxes consists of three subcategories including Transient Occupancy Tax (TOT), Business License, and Real Property Transfer Tax. TOT actual revenues are trending on target in comparison with prior year totals, and as such no changes are currently recommended.

The City collects Franchise Fees from four main service provider sources (Cable, Electric, Gas, Pipeline, Solid Waste). Each provider of these services has a different payment schedule. Electric and Gas providers make annual payments in April. The Cable provider is on a quarterly payment plan, while Pipeline franchise fees are collected twice a year. This category also includes the Commercial Refuse Hauler, or Trash Hauler Franchise Fees, The Mid-Year totals are on par with projections for utility providers, however an increase of $80,000 is recommended to the commercial refuse hauler fees to account for increased revenue attributed to the revised waste hauler franchise agreement. Staff will continue to monitor additional franchise payments to determine any further adjustments.

Investments & Income Staff is recommending a decrease of $40,000 to the investment earnings line item due to increased yield rates with the new diversified investment portfolio, in contrast to LAIF.

Overhead/Transfers In are revenues provided by other funds to offset costs in the General Fund. These charges are done via journal entry and trued up at the end of the year. No changes are recommended for this category at this time.

General Fund Expenditure Analysis:

The General Fund expenditures budget is currently at $23.02 million and includes carryovers of approximately $3.88 million from FY 2021/22 and additional appropriations approved by Council through December 2022.

All departments are currently within the expected target of their overall allocated budgets as of February 19, 2023. Staff is recommending the adjustments shown as bullet points below.

These changes will have a net positive impact of $579,713 overall, of which $457,505 is in the General Fund, $132,208 in Measure T, and a net decrease of $10,000 in the Cable Fund, which will be funded through existing fund balance.
$50,000 in legal expenses related to Redistricting efforts $125,000 in expenses related to ongoing investigations
$25,000 in labor negotiation services for upcoming MOU negotiations $25,000 in grant funding for a wellness program in the Police Department (offset by the grant noted above)
$10,000 in AV upgrades for the Council Chambers
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Attached for your review is the Purchase Order Activity Report, which has been provided on a quarterly basis to improve transparency, along with a detailed check register, to communicate to the public Council items not brought before the City Council for approval.

CAPITAL IMPROVEMENT PROGRAM AND OTHER FUNDS:

On a budget basis, the various grant type funds are balanced with revenues matching expenditures. However, on an actual basis, funds are reimbursed after they are expended.

The reimbursement requests for grant expenditures are submitted in a timely manner either on a monthly or quarterly basis by the staff responsible for the project reimbursements. Any negative balances are the result of timing of revenues. Revenue projections are reviewed on a quarterly basis and recommended adjustments are made when necessary.

Staff is recommending an increase of $25,000 in revenues and expense allocations for an Office of Traffic Safety grant as well as an increase revenues and expenses in the water fund for $15,000 that will be funded from the energy efficiency bond proceeds for a roof structural analysis at the Steckel location.

STRATEGIC PLAN:

This item is not a goal or objective in City Council's two-year Strategic Plan, however it is important to communicate the City's fiscal status to the Council and the public to maintain operational excellence.

FISCAL IMPACTS:

These changes will have a net positive impact of $579,713 overall, of which $457,505 is in the General Fund, $132,208 is in Measure T, and a net decrease of $10,000 is in the Cable Fund, which will be funded through existing fund balance. The changes recommended to the OTS Fund and the Water Fund net a zero fiscal impact.

However, it is important to recognize that sizeable offsets in development activity will require closer examination and the reduction in expenditures for the balance of the current fiscal year in order to minimize reliance at the close of the year on the use of reserves. Staff is examining cost savings associated with position vacancies as well as opportunities to defer other expenditures to help offset the development fee losses.

Santa Paula City CouncilMarch 1, 2023

Santa Paula City Council
March 1, 2023