Agenda packet — Shafter City Council, January 10, 2023 (part 1 of 2)

336 Pacific Avenue, Shafter, CA 93263
Meeting Held In-Person and Via Zoom and Livestream on YouTube.

AGENDA

AMENDED

SPECIAL MEETING

SUCCESSOR AGENCY

SHAFTER CITY COUNCIL
TUESDAY, JANUARY 10, 2023
NOTICE TO THE PUBLIC:

Any documents produced by the City and distributed to a majority of the City Council regarding any item on this agenda will be made available in the City Clerk’s Office during normal business hours at City Hall located at 336 Pacific Avenue, Shafter CA. In addition, such documents will be posted on the City’s website at www.shafter.com.

TELECONFERENCE NOTICE:

As emergency conditions persist in the City, specifically, a state of emergency remains in effect related to COVID-19, community transmission of COVID-19 in Kern County has rapidly increased from Low to High due to the highly contagious variants of COVID-19, which has emerged, Kern County officials are imposing and recommending measures to promote social distancing, requires masking by all, regardless of vaccination status, in an effort to slow the continuously high trends in and level of transmission of COVID-19 throughout the State and Kern County. The City Council determine that the presence of COVID-19 and the increase of cases due to the COVID variants will continue to cause conditions of peril to the safety of persons within the City that are likely to be beyond the control of services, personnel, equipment, and facilities of the City, and has affirmed a local emergency exists and re-ratified the proclamation of state of emergency by the Governor of the State of California. In compliance with AB 361, Brown Act public meetings will be conducted utilizing Zoom Video Communications.

Remote public participation is allowed in the following ways, please see attached supplement for instructions.

CALL TO ORDER: 3:00 PM
ROLL CALL: Mayor Givens
Mayor Pro Tem Prout
Council Member Alvarado
Council Member Espinoza
Council Member Olvera

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Shafter City Council Agenda
January 10, 2023

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APPROVAL OF AGENDA:

PUBLIC COMMENT:

Those persons wishing to speak on any item included on the agenda, or on any matter within the subject matter jurisdiction of the City Council, are invited to speak from the podium and address the City Council. Speakers are limited to five minutes unless additional time is needed for translation. Please state your name and address for the record before making your presentation.

CONSENT CALENDAR:

All items on the consent calendar are considered routine and non-controversial by staff and will be approved by one motion if no member of the Council or public wishes to comment or ask questions. If comment or discussion is desired by anyone, the item will be removed from the consent calendar and will be considered in the listed sequence with an opportunity for any member of the public to address the Council concerning the item before action is taken.

1. Approve Payroll: December 16, 2022, December 22, 2022, December 29, 2022.

2. Approve Overtime Report: December 2022.

3. Approve Minutes: December 20, 2022.

4. Approve Special Events Permit: Field Day Activities, Grow Academy Shafter, Veterans Park Football Field, January 20, 2023.

5. Council approve a Change Order in the amount of $23,550 ($11,775 per vehicle) for the purchase of two 2023 Ford Utility Vehicles from Jim Burke Ford.

6. Council find proposed activity is not subject to the California Environmental Quality Act (CEQA); and accept the Treasurer’s Report for the year 2020/2021.

7. Council find proposed activity is not subject to the California Environmental Quality Act (CEQA); and accept the Treasurer’s Report for the year 2021/2022.

8. Council authorize the Finance Director to sign a software agreement between the City of Shafter and Fifth Asset Inc. DBA DebtBook for an annual software subscription for lease management accounting in the amount of $11,000; and authorize a budget amendment in the amount of $11,000 within the finance department for the annual software payment.

9. Council, serving as the Successor Agency to the Former Shafter Community Development Agency, find the proposed activity is not subject to the California Environmental Quality Act; and adopt Resolution 2900, a Resolution of the City Council of the City of Shafter serving as the Successor Agency to the Dissolved Shafter Community Development Agency, Approving and Adopting a Proposed Administrative Budget for the Period July 1, 2023 through June 30, 2024, Pursuant to Health and Safety Code Section 34177(j).
10 .

Council, serving as the Successor Agency to the Former Shafter Community Development Agency, find the proposed activity is not subject to the California Environmental Quality Act; and adopt Resolution 2901, a Resolution of the City Council of the City of Shafter serving as the Board of Directors of the Successor Agency to the Dissolved Shafter Community Development Agency, Approving and

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Shafter City Council Agenda
January 10, 2023

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Adopting a Recognized Obligation Payment Schedule Covering the Period of July 1, 2023 through June 30, 2024, Pursuant to Health and Safety Code Section 34177(l) And (m).

RECESS:

CLOSED SESSION:

1. CONFERENCE WITH REAL PROPERTY NEGOTIATORS: Pursuant to California Government Code, Section 54956.8 Property: Rail and Industrial Parcels between Burbank Avenue and Seventh Standard Road, APNs 091-180-29, 091-251-48, 091- 252-72, 091-261-13, 091-261-16, 091-261-47. Agency Negotiator: City Manager Gonzalez. Negotiating Parties: Wonderful Real Estate Development, John Guinn, Chief Operating Officer. Under Negotiation: Price and terms.

ADJOURNMENT:

Pursuant to the Americans with Disabilities Act, if you need special assistance to participate in a City Council Meeting, please contact the City Clerk at (661) 746-5000 at least three (3) days prior to the meeting or time the special services are needed to allow City staff in making reasonable arrangements to provide you with access to the meeting. Any public record, relating to an open session agenda item, that is distributed within 72 hours prior to the meeting is available for public inspection in the City Clerk’s Office at Shafter City Hall, 336 Pacific Ave., Shafter, CA 93263. This is to certify that this Agenda notice was posted at City Hall and Police Dept. by 5:00 p.m., January 6, 2023. Yazmina Pallares, S/S, City Clerk

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Shafter City Council Agenda
January 10, 2023

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336 Pacific Avenue, Shafter, CA 93263
Meeting Held In-Person and Via Zoom and Livestream on YouTube AGENDA

SUPPLEMENT

AMENDED
Special Meeting

SUCCESSOR AGENCY
Shafter City Council
January 10, 2023
THE January 10, 2023 MEETING WILL BE CONDUCTED IN COMPLIANCE WITH AB 361
In order to minimize the spread of the COVID 19 virus, please do the following:

1. You are strongly encouraged to observe the City Council meetings live via YouTube https://www.youtube.com/user/CityofShafter/

2. If you wish to make a comment on a specific agenda item or public comment, please submit your comment via email by 3:00 PM on January 10, 2023 to the City Clerk at [email protected]

3. If you wish to make a written comment to the City Clerk, 336 Pacific Avenue, Shafter, CA 93263.

4. If you wish to make a comment during the live meeting, callers must first register with the City Clerk at 661-746-5012 before the meeting begins to receive instructions and the call- in number and code. Please call by 5:00pm on the Monday prior to the City Council meeting to allow ample time for sign up. You will need to provide your name, phone number and the item number you wish to address.

5. All public comments are provided to the City Council and applicable Staff, for review and consideration by the Board prior to taking action on any matters listed on the agenda and are incorporated into the official record of the City Council meeting.

The City of Shafter thanks you in advance for taking all precautions to prevent spreading the COVID 19 virus.

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Shafter City Council Agenda
January 10, 2023

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336 Pacific Avenue, Shafter, CA 93263
Meeting Held In-Person and Via Zoom and Livstream on YouTube.

NOTICE OF

SPECIAL MEETING OF THE SHAFTER CITY COUNCIL
NOTICE IS HEREBY GIVEN that a special meeting of the City Council of the City of Shafter will be held on January 10, 2023. The meeting will convene at 3:00 PM, in the Council Chamber at Shafter City Hall, 336 Pacific Avenue, Shafter, California, and via teleconference and Livestream on YouTube. Said special meeting shall be for the following purpose:

CONSENT CALENDAR:

1. Approve Payroll: December 16, 2022, December 22, 2022, December 29, 2022.

2. Approve Overtime Report: December 2022.

3. Approve Minutes: December 20, 2022.

4. Approve Special Events Permit: Field Day Activities, Grow Academy Shafter, Veterans Park Football Field, January 20, 2023.

5. Council approve a Change Order in the amount of $23,550 ($11,775 per vehicle) for the purchase of two 2023 Ford Utility Vehicles from Jim Burke Ford.

6. Council find proposed activity is not subject to the California Environmental Quality Act (CEQA); and accept the Treasurer’s Report for the year 2020/2021.

7. Council find proposed activity is not subject to the California Environmental Quality Act (CEQA); and accept the Treasurer’s Report for the year 2021/2022.

8. Council authorize the Finance Director to sign a software agreement between the City of Shafter and Fifth Asset Inc. DBA DebtBook for an annual software subscription for lease management accounting in the amount of $11,000 ; and authorize a budget amendment in the amount of $11,000 within the finance department for the annual software payment.

10. Council, serving as the Successor Agency to the Former Shafter Community Development Agency, find the proposed activity is not subject to the California Environmental Quality Act; and adopt Resolution 2901, a Resolution of the City Council of the City of Shafter serving as the Board of Directors of the Successor Agency to the Dissolved Shafter Community Development Agency, Approving and Adopting a Recognized Obligation Payment Schedule Covering the Period of July 1, 2023 through June 30, 2024, Pursuant to Health and Safety Code Section 34177(l) And (m).

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Shafter City Council Agenda
January 10, 2023

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RECESS:

CLOSED SESSION:

Yazmina Pallares, City Clerk
Affidavit of Posting Special Meeting Notice
This is to certify that this Special Meeting Notice was posted at City Hall and the Police Department by 6:00 p.m., January 6, 2023. Further information regarding this Agenda Notice is available at City Hall, 336 Pacific Ave., Shafter, CA.

Yazmina Pallares, S/S, City Clerk Dated: January 6, 2023

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Gity of Shafter
DETAIL PROOF . FINAL REPORTPay Period 11126122To 12J09122 WARRANT: T2L622 PAYROLL ryPE: BIWEEKLY
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Total relephone Transfers:

0.00 282,574.27 0.00

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0.000.000.00

0.00 22,666.30 0.00

0.00 270,570.68 84,547.6L

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.rotal rmployee/employer (check type = trlo check) tota] pay Escrow: Tota'l Escrow Ba] ance: -rotal tnvoices this payro'l'l : Total rnvoices other payrolls: total checks/rnvoi ces,/eFT,/Te'lephone transfers this payroll (deferred): rotal chei k3,/rnvoi ce s,/EFT,/Tel ephone t ran s fe rs other payro]ls (deferred) :
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munts' Gity of Shafter ":h

DETAIL PROOF - FINAL REPORT
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City of Shafter
DETAIL PROOF . FINAL REPORTPay Period 12110122 To 1A23i22 WARRANT: A22922 PAYROLL TYPE: BIWEEKLY cHEcK DATE: t2/29/2O22 @ .rotal
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OVERTIME REPORT FOR PERIOD ENDING: L2/2s/22
Police Deoartment OVERTIME HOLIDAY HOL STRT CTOT Total Hrs Amount ALEGRIA, E 0.00 0.00 0.00 0.00 0.00 s
CAMACHO, R s0.50 \2.00 15.00 0.00 78.50 s 3,655.00
CAMACHO, RENE 8.00 6.00 16.00 0.00 30.00 s 1,041.63
CARDWELL, K 20.00 0.00 8.00 0.00 28.00 S r,228.36
CAUDILLO, S 3.00 7.00 0.00 0.00 10.00 s 677.27
DAVALOS, EDGAR 11.00 12.00 16.00 0.00 39.00 5 1,9s2.s2
DIAZ 28.s0 0.00 24.00 0.00 52.50 s 2,756.20
DRAUCKER 9.50 19.00 15.00 0.00 214.50 S 2,462.49
ESCORPTSO, J 13.75 0.00 0.00 0.00 13.75 S srs.es
FERNANDEZ 13.00 3.00 24.OO 0.00 40.00 S 2,067.87
FRYE, DALE 26.00 12.00 16.00 0.00 54.00 s 2.758.s3
GARCIA, J 18.00 12.00 16.00 0.00 46.00 S 2,1s8.00
GOMEZ, K 24.00 0.00 24.00 0.00 48.00 5 1,274.47
GOMEZ, M 14.50 12.00 15.00 0.00 42.50 s 2,s11.83
GRAVES 27.50 12.00 16.00 0.00 55.s0 s 2,826.83
GREEN 0.00 0.00 0.00 0.00 0.00 s
KING, T 9.50 19.00 16.00 0.00 44.50 s 2,2!4.12
KINKADE, S 9.50 12.00 16.00 0.00 37.50 s r,797.75
LOPEZ 0.00 0.00 0.00 0.00 0.00 s
MALDONADO, S 13.75 0.00 0.00 0.00 13.75 s s1s.63
MARTINEZ, G 0.00 8.00 16.00 0.00 24.00 s 839.92
MARTINEZ, MOISES 0.00 8.00 16.00 0.00 24.00 S 1,239.76
MORA 5.00 0.00 0.00 0.00 5.00 S 370.92
MORRIS 0.00 14.00 16.00 0.00 30.00 s 1.013.58
NOUSCH 14.50 12,00 15.00 0.00 42.50 s 2.097.39
NUNEZ 22.00 12.00 16.00 0.00 50.00 s 2,524.04
OZAETA, R 6.50 12.00 15.00 0.00 34.50 S 1,554.12
PAILING 47.25 6.00 8.00 0.00 55.25 s 2,s66.97
PUENTE 8.00 15.00 16.00 0.00 39.00 s 2,0Lr.9t
RIDDICK 22.00 2.00 24.00 0.00 48.00 5 z,ztt.tt
SANCHEZ, M 28.00 7.00 16.00 0.00 51.00 S z,sgg.qq
SERJEANT, M 0.00 12.00 16.00 0.00 28.00 S t,tto.sz
VASQUEZ, I 2.00 5.00 15.00 0.00 24.00 S 6s2.04
VEGA J, JESUS 3.00 26.00 16.00 0.00 45.00 s 2,t02.77
YORK, J 1.00 L2.00 15.00 0.00 29.00 s 1.358.88
YOSHIKAWA, P 4.00 0.00 0.00 0.00 4.00 s 282.51
Total 457.25 290.00 464.00 0.00 L,2Lt.25 S se,sgr.gz

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OVERTIME REPORT FOR PERIOD ENDING: L2/2s/22
Public Works OVERTIME HOLIDAY HOL STRT CTOT Total Hrs Amount ACOSTA 0.00 0.00 0.00 0.00 0.00 s
ALDACO 0.00 0.00 0.00 0.00 0.00 s
ALVAREZ 2s.00 0.00 24.00 0.00 49.00 S 1,338.77
ALVIDREZ 0.00 0.00 0.00 0.00 0.00 s
ARELLANO 0.00 0.00 0.00 0.00 0.00 s
ARGUETA, C 5.75 0.00 0.00 0.00 5.75 s 226.29
ARMSTRONG 0.00 0.00 0.00 0.00 0.00 s
BARELA 0.00 0.00 0.00 0.00 0.00 s
BROWN 8.25 0.00 15.00 0.00 24.25 s 963.90
CAMACHO, I 0.00 0.00 0.00 0.00 0.00 s
CASTRO 2.00 0.00 0.00 0.00 2.00 s 80.05
CRUZ 0.00 0.00 0.00 0.00 0.00 s
ESQUIVEL 6.75 0.00 16.00 0.00 22.75 S erg.sg
FLORES 0.00 0.00 0.00 0.00 0.00 s
IBARRA 5.50 0.00 0.00 0.00 6.50 s 290.13
LARA,C 0.75 0.00 8.00 0.00 8.75 5 279.72
MARTINEZ. J 0.00 0.00 0.00 0.00 0.00 s
MEADORS 0.50 0.00 8.00 0.00 8.50 s 34s.01
OBRIEN 12.00 0.00 24.00 0.00 35.00 s 1,6s5.06
PALLARES 0.00 0.00 0.00 0.00 0.00 s
PENA 12.00 0.00 24.00 0.00 36.00 s 1,23s.95
RUBIO, BRIDGETT 0.2s 0.00 8.00 0.00 8.25 S 251.93
VASQUEZ 0.00 0.00 0.00 0.00 0.00 s
VERDUGO 10.25 0.00 0.00 0.00 70.25 $ q:.:.tz
ZAVALA 0.00 0.00 0.00 0.00 0.00 s
Total 90.00 0.00 128.00 0.00 218.00 S z,egs.re
ENG OVERTIME HOL HOL STRT CTOT Total Hrs Amount
GARCIA, C 0.00 0.00 0.00 0.00 0.00 s
DELGADILLO, J 0.00 0.00 0.00 0.00 0.00 s

0.00 0.00 0.00 0.00 0.00 s
Total: 0.00 0.00 0.00 0.00 0.00 s
IT OVERTIME HOL HOL STRT CTOT Total Hrs Amount
HERRERA, A 4.00 0.00 16.00 0.00 20.00 s 814.20
Total: 4.00 0.o0 16.00 0.00 20.00 S grq.zo
BUILDING / INSP OVERTIME HOL HOL STRT CTOT Total Hrs Amount coMsrocK 2.25 0.00 15.00 0.00 18.25 S zes.so
HITCHCOCK 4.00 0.00 24.00 0.00 28.00 s 1,524.51
MATHIS, C 0.75 0.00 8.00 0.00 8.75 s 314.21
MARQUEZ, M 0.00 0.00 0.00 0.00 0.00 s
NOLAN,A 1.00 0.00 0.00 0.00 1.00 $ 35.18
VARGAS, R t.25 0.00 16.00 0.00 t7.25 S s73.17
Total: 9.25 0.00 64.00 0.00 73.25 s 3,2L3.s7

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MINUTES OF THE REGULAR MEETING OF THE

SHAFTER CITY COUNCIL
COUNCIL CHAMBER, 336 PACIFIC AVENUE

MEETING HELD IN-PERSON AND VIA ZOOM AND LIVESTREAM TO YOUTUBE TUESDAY, DECEMBER 20, 2022
Pursuant to AB 361 Issued by Governor Gavin Newsom on September 20, 2021 and, to the extent applicable, Government Code Section 54953(e), this meeting was held as a Virtual Meeting via Zoom and livestreaming on YouTube Live.

CALL TO ORDER: 6:00 PM
ROLL CALL:

PRESENT (In-Person): Mayor Prout, Mayor Pro Tem Givens, Council Members Alvarado, Espinoza, and Lopez. Also present: City Manager Gonzalez, Planning Director Esselman, Education Partnership Director Franz, Public Works Director James, City Attorney Martinez, City Clerk Pallares, IT Systems Manager Rubio, Community Engagement Manager Zermeno, and Chief of Police Zimmermann. (Via Zoom): Human Resources Manager Chavolla, Building Official Fidler, Economic Development Director Meadows, Administrative Services Director Sanchez, and IT Manager Wiggins.

PLEDGE OF ALLEGIANCE: Council Member Alvarado
INVOCATION: Council Member Espinoza
PRESENTATION:

1. Mayor Prout presented a Resolution of Service to Cesar Lopez for his years of service on the Shafter City Council.

Mayor Pro Tem Givens, Council Members Alvarado, and Espinoza thanked Council Member Lopez for his years of service on the City Council.

APPROVAL OF AGENDA:

MOVED (GIVENS) AND SECONDED (LOPEZ) COUNCIL APPROVED THE AGENDA AS PRESENTED. MOTION CARRIED BY THE FOLLOWING VOTE:

AYES: ALVARADO, ESPINOZA, GIVENS, LOPEZ, AND PROUT.

NAYS: NONE.

ABSENT: NONE.

ABSTENTIONS: NONE.

PUBLIC COMMENT:

Dr. Jasmeet Bains, Assemblymember for District 35, introduced herself to the City Council.

COUNCIL ANNOUNCEMENTS AND REPORTS:

Council Member Lopez thanked everyone for their support throughout the time he served on the

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Minutes of the Shafter City Council
December 20, 2022

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Shafter City Council; and shared that he will continue to coach youth softball for the Shafter Brawlers.

Mayor Pro Tem Givens reported the celebration for the Shafter High Generals Varsity Football Team was rescheduled to Friday, January 13, 2023.

CONSENT CALENDAR:

1. Approve General Checks: December 8, 2022, December 15, 2022.

2. Approve Payroll: December 2, 2022, December 5, 2022, December 9, 2022, December 9, 2022.

3. Approve Minutes: December 6, 2022.

4. Approve Resolution of Service: Senior Planner Suzanne Forrest.

5. Approve Resolution of Commendation: 2022 Shafter High Generals Varsity Football Team.

6. Approve Special Event Permit: City of Shafter, Community Rally, Downtown Square, December 22, 2022.

7. Council introduce for second reading, waive reading; and adopt Ordinance No. 745, an Ordinance of the City Council of the City of Shafter, California, making findings and adopting Specific Plan Amendment No. 22-05 to the Gossamer Grove Specific Plan as provided in Exhibit "A".

8. Council introduce for second reading, waive reading; and, adopt Ordinance 735, an amendment to Shafter Municipal Code Titles 16 (Subdivision Ordinance) and 17 (Zoning Ordinance) to amend the Titles: In response to changes in State law regarding: accessory dwelling units and junior accessory dwelling units and drought-tolerant landscaping; For consistency with the California Building Code; For internal consistency between Sections of Title 17 regarding Section numbering; and To place recent changes to Title 16 in a different Section, which is a clearer and more logical place within Title 16 for the text.

9. Council introduce for second reading, waive reading; and, adopt Ordinance No. 744, an Ordinance of the City Council of the City of Shafter, California, making findings and adopting Specific Plan Amendment No.21-03, to the Heritage Ranch Specific Plan as provided in Exhibit “A”.

10. Council find the action is not subject to the California Environmental Quality Act; accept grant deeds for the two parcels from Lennar Homes of California; and, authorize the City Manager to record grant deeds.

11. Council find the action is not defined as a “project” per Section 15378(b)(4) and not subject to CEQA; accept two (2) quotes for furnishing two (2) portable light towers; award the purchase of said portable lighting towers to MULTIQUIP, INC. in the amount of $24,921; and, authorize the Public Works Director to execute the purchase order and sales documentation on behalf of the City.

12. Ratify a purchase order award to Haaker Equipment Company for repairs to the City street sweeper in the amount of $28,000.

13. Find the requested action is exempt from the California Environmental Quality Act; approve the annual service contract payment for aerial imagery services invoiced by Nearmap US, Inc. ("Nearmap"), and authorize payment of $25,000 for the second annual invoice payment listed.

14. Adopt Resolution 2898, a Resolution of the City Council of the City of Shafter authorizing wage and related benefits for Non-Represented full-time employees for the period of January 1, 2023, through December 31, 2023; and authorize Non- Represented part-time and extra-help employees a 2% cost-of-living adjustment effective January 1, 2023, and a one-time offschedule pro-rated net compensation based on hours worked in 2022 through November 25, 2022. Interns are excluded from the 2% cost-of-living adjustment and shall receive the California minimum wage of $15.50 hourly effective January 1, 2023; and approve a budget

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Minutes of the Shafter City Council
December 20, 2022

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amendment in the amount $140,500 for the one-time payout and $96,800 for the 2% COLA increase for the remainder of FY 2022/2023.

15. Council accept Letter of Resignation from Planning Commissioner Gustavo Olvera from the Shafter Planning Commission.

16. Council approve the donation agreement for two parcels between Lennar Homes of California and the City of Shafter; and, authorize the City Manager to execute the agreement subject to any conforming or clarifying changes subject to approval of the City Manager and City Attorney.

MOVED (GIVENS) AND SECONDED (LOPEZ) COUNCIL APPROVED THE CONSENT CALENDAR AS PRESENTED.

MOTION CARRIED BY THE FOLLOWING VOTE:

AYES: ALVARADO, ESPINOZA, GIVENS, LOPEZ, AND PROUT.

NAYS: NONE.

ABSENT: NONE.

ABSTENTIONS: NONE.

MANAGEMENT REPORT:

1. CERTIFICATION OF ELECTION NOVEMBER 8, 2022:

MOVED (GIVENS) AND SECONDED (LOPEZ) COUNCIL ADOPTED RESOLUTION 2899, A RESOLUTION OF THE

CITY COUNCIL OF THE CITY OF SHAFTER, CALIFORNIA, RECITING THE FACT OF THE GENERAL MUNICIPAL ELECTION HELD ON NOVEMBER 8, 2020, DECLARING THE RESULT AND SUCH OTHER MATTERS AS PROVIDED BY LAW. MOTION CARRIED BY THE FOLLOWING VOTE:

AYES: ALVARADO, ESPINOZA, GIVENS, LOPEZ, AND PROUT.

NAYS: NONE.

ABSENT: NONE.

ABSTENTIONS: NONE.

2. COUNCIL MEMBER OATH OF OFFICE: City Clerk Pallares administered the Oath of Office to Council Members Gustavo Olvera, Jr. and Cathy L. Prout. Certificate of Elections were issued. The meeting of the Shafter City Council continued with Council Members Alvarado, Espinoza, Givens, Olvera, and Prout.

3. REORGANIZATION AND APPOINTMENTS TO VARIOUS BOARDS: City Manager Gonzalez made introductory comments.

1. City Manager Gonzalez opened the nominations for Mayor.

MOVED (ALVARADO) AND SECONDED (OLVERA) THE NOMINATION OF COUNCIL MEMBER GIVENS AS MAYOR. MOTION CARRIED BY THE FOLLOWING VOTE:

AYES: ALVARADO, ESPINOZA, GIVENS, OLVERA, AND PROUT.

NAYS: NONE.

ABSENT: NONE.

ABSTENTIONS: NONE.

COUNCIL MEMBER GIVENS WAS SELECTED MAYOR OF THE SHAFTER CITY COUNCIL.

Page 14 of 195 ends

Minutes of the Shafter City Council
December 20, 2022

Page 4 ends

2. Mayor Givens opened the nomination for Mayor Pro Tem.

MOVED (ALVARADO) AND SECONDED (OLVERA) THE NOMINATION OF COUNCIL MEMBER PROUT AS MAYOR PRO TEM. MOTION CARRIED BY THE FOLLOWING VOTE:

AYES: ALVARADO, ESPINOZA, GIVENS, OLVERA, AND PROUT.

NAYS: NONE.

ABSENT: NONE.

ABSTENTIONS: NONE.

COUNCIL MEMBER PROUT WAS SELECTED MAYOR PRO TEM OF THE SHAFTER CITY COUNCIL.

3. Mayor Givens asked for three volunteers to serve as the Kern Council of Governments primary board member, first alternate board member, and second alternate board member.

MAYOR PRO TEM PROUT WAS APPOINTED AS THE BOARD MEMBER TO THE KERN COUNCIL OF GOVERNMENTS. COUNCIL MEMBER ESPINOZA WAS APPOINTED AS THE FIRST ALTERNATE BOARD MEMBER.

COUNCIL MEMBER ALVARADO WAS APPOINTED AS THE SECOND ALTERNATE BOARD MEMBER.

4. Mayor Givens asked for three volunteers to serve as the San Joaquin Valley Air Pollution Control District Special City Selection Committee primary member, first alternate member, and second alternate member.

MAYOR GIVENS WAS APPOINTED AS THE PRIMARY MEMBER TO THE SAN JOAQUIN VALLEY AIR POLLUTION CONTROL DISTRICT SPECIAL CITY SELECTION COMMITTEE. MAYOR PRO TEM PROUT WAS APPOINTED AS THE FIRST ALTERNATE MEMBER. COUNCIL MEMBER ALVARADO WAS APPOINTED AS THE SECOND ALTERNATE MEMBER.

CITY MANAGER COMMENTS AND REPORTS: City Manager Gonzalez reported City Hall will be closed for the holidays on Friday, December 23, 2022; Monday, December 26, 2022; Friday, December 30, 2022; and Monday, January 2, 2023. City Council will go dark for the January 3, 2023 City Council meeting and there is a Special City Council meeting scheduled on January 10, 2023 at 3 p.m.; and reported on the schedule of upcoming events.

DEPARTMENT DIRECTOR COMMENTS AND REPORTS: No reports at this time.

ADJOURNMENT:

MOVED (ALVARADO) AND SECONDED (OLVERA) COUNCIL ADJOURNED THE MEETING AT 6:42 P.M. MOTION CARRIED WITH NO OPPOSITION.
_______________________________
Cathy L. Prout, Mayor
ATTEST:
_______________________________
Yazmina Pallares, City Clerk

Page 15 of 195 ends

336 Pacific Avenue, Shafter CA93263
Tel: (661) 746-5002 'Fax (661) 746-9125
Email: facilitvrentals @ shafter'.com

APPLICATION FOR SPECIAL EVENT PERMIT
Shafter Municipal Code 17.02.100 permits short-tenn placement of activities on privately or publicly owned property with appropriate regulations so that such activities are compatible with the surrounding areas.

The City's Project Assistance Team is authorized to approve a special event permit if the event is expected to accommodate less than 50 persons. City Council approval is required if more than 50 persons will attend.

Complete applications must be received a minimum of 30 days prior to the event. If errors or omissions are discovered, the application will be deemed incomplete and will be returned to the applicant for revision. Acceptance of your application is not a guarantee of approval. After the initial intake of your completed application, other City permits may be required. Application Fees are due at the time of submittal and are non-refundable.

APPLICAITT: Name (Contact Person)
Name of Business or Organization (if applicable)
If Organization, what t1rye: l-lservice Club
S
E other: 6erkrr-ro\
(
Church
3l'trx'&<X state{ft- qvt63
To:
*.1.)al"\ Z(\77
To:

TIME CLEANI-UP ENDS:

ADMISSIONFEE? Iv", ENo
Mailing Address:

Fax Email
TYPE OF EVENT (concert, reception, parade, party, promotion, rally, wedding, parade, etc.) DATE(S) OF EVENT:

TIME OF EVENT:

TIME SET.UP STARTS:

NUMBER OF ATTENDEES:

LOCATION OF EYENT:

From:

From:
1',('x) rt
aco
Name of Properfy Owner:

FULL DESCRIPTION OF ACTMTY: (check all that apply)
&mplifred speech or music
!Stt""t closure (attach map)
Food Beverages served/sold** nBanoerslFlags to be used flruUft Dance Barricades (attach map) ffifquipment to be brought in (speciff below) f]fooa Vendors t *a copv of the Conmunitv EventPermlt issned bv Kern Countv Public Health must he attsched f]elcotrolic Beverage *t, the event orpanipr must obtain an ABC licensed issued hv Alcoholic Banersse Control EVENT ORGANIZERS ARE RESPONSIBLE FOR ENSARING ALL WNDORS ARE PROPERLY LICENSED.

Additional Pertinent Information (attach additional sheet if necessary "r( in it
Q rr V; <'
lv cv tP< tt€

Page 16 of 195 ends

GENERAL REQUIREMENTS:

1. Execute a Hold Harmless Agreement.

2. Provide a Certificate of Insurance with an Endorsemsnt for the CiW of Shafter, if required. See o'Insurance Requirement" below.

3. There shalt be no disruption in normal vehicular traffic flow.

4. All City noise regulations must be observed5. Parking must be in authorized parking spaces only6. There Jttatt be no alcoholic beverages at event without prior City Council approval.

7. Carefully obserye Hours of Event, as stated on permit.

7. Atl set-up and clean-up is the responsibility of the permit-holder. Following the event, all facilities must be left in a clean and orderly condition'

8. If indicated, comply with any additional conditions that may have been imposed as Conditions of Approval following review of your application for a Special Event Permit.

9. Do not advertise your event until the application is approved10. Application fees are non-refundable.

INSURANCE REQAIREMENTS ONLY IF THE EVENT WILL BE HELD ON A CITY OWNED FACILITY OR ON CITY RIGHT.OF-IUAY:

1. Open to the Public

2. Fundraising

3. More than 100 persons

4. Amplification

5. Alcohol to be served/sold
ES
Yes
Yes
Yes
Yes
o
If any one or more of the boxes above are marked YES, a Certificate of Insurance must be frled two weeks prior to the event. The Certificate of Insurance alone is not an acceptable proof of coverage and must be accompanied by an Endorsement page naming: "The City of Shafter, it's Officers, Employees, City Council members, Agents, Boards "nd Co--issions" as additional insured. The insurance coverage accepted is $1,000,000 per o""oo.n.e and $2,000,000 general aggregate. In addition, if Alcohol is present or sold, a host liquor liability in the amount of $2,000,000 per occurrence and $4,000,000 general aggregate must be produced.

The following Hold Harmless Agreement is also required:

This is to certify that agrees to indemnify
and hold harmless the City of Shafter, City Council Agents, Boards and Commissions from and against any and all claims, liability loss, costs, damages, fees of attorneys, and other expenses which the City may sustain or incur by reason of, or in consequence of, the use of City streets and land, including but not lirnited to, sums paid on liability judgments in relation to use of land and streets.

Furthermore, I certifu that I am the applicant or authorized agent and that the information filed is true and correct to the best of my knowledge. lunderstand that additional Conditions of Approval may be imposed on my event by the projeci Assistanci Team or the City Council, and I agree to comply with any conditions that may be required.

Applicant's S Date

Page 17 of 195 ends

CHIEF OF POLICE: E APProved O Denied
Signature:

PRO.IECTASSISTAIICETEAM: OApproved !nppro"ea with Conditions ListedBelow tr Denied Signature: Date: \Z r
CITY COT]NCIL: O Approved tr Denied
Signature:

CONDITIONS OF APPROVAL
As part of the approval process for a Special Event Permit application, conditions may be imposed that are deemed nec"ssary to .nrrn" that the permit will be applied in accordance with the criteria outlined in the City ZoningOrdinance. These conditions may involve any factors affecting the operation of the temporary use or event. Conditions of Approval include the following items circled:

1. Provision of temporary parking facilities, including vehicular ingress and egress.

Z. Regulation of nuis"ttce factori such as, but not limited to, prevention of glare or direct illumination of adjacent properties, noise, vibration, smoke, dirt, odors, gases' and heat3. RJgulation of t"-potury buildings, structures, and facilities, including placement, height and size, location or equipment and open spaces including buffer areas and other yards.

4. Provision of sanitary and medical facilities.

5. Provision of solid waste collection and disposal.
6- Police and fire concerns.
7 . Provision of security and safety measures.

8. Regulation of operating hours and days, including limitation of the duration of the special event to a shorter time period than requested.
g. Submission of a performance bond or other surety device to assure that any temporary facilities or structures used for the proposed special event will be removed from the site within a reasonable time following the event and that the property will be restored to its former conditions.

10. Submission of a site plan indicating any information required by the Zoning Ordinance.

I l. A requirement that tire approval of the requested special event permit is contingent upon compliance with the Z-oning Ordinance and with other applicable provision of other ordinances, resolutions, or regulations.

12. Other .orrditionr that will ensure the operation of the proposed special event in an orderly and efficient manner and in accordance with the intent and purpose ofthe Zoning 4

13. Additional Conditions of Approval: c'. COrr.^<,J
+ha-.- SD t-e
D Approved with Conditions Listed Below
Date:

E Approved with Conditions Listed Below
Date:

FOR OFFICE USE ONLY
Received by Date Zoningof
Fee Waived: O Yes O No Fee: $- Cash
-
Credit Card Check No'
tr yes tr NA Park Use Permit Issued E Yes A NA lnsurance Certificate Filed 0 Yes tr NA Encroachment Permit Issued O Yes tr NA ABC License

Page 18 of 195 ends

APPLICATION FOR PARK USAGE
336 Pacific Avenue, Shafter, California 93263
(661) 746-5002'Fax (661) 746-9125
Email : [email protected]
APPLICAITIT:

If applicable, what type of Organization: D Service Club D Chwch Other: 3r-,ttnn \ Local non-profit Organization? Yes fl No If yes, Please Tax ID Mailing Address: City State Cf* zip
ret blo|- 7a- -7 2lO Fax Email @
Alternate Contact Tel
a9
o open to the public }6-e*pUn.d Music/Speech D Alcoholic Beverage il Amusement/Mechanical Rides ilBirthday Party fl Food Sales
Reunion
Bounce HouseMater Slide
DCarnival D Circus f, H describe
0 Fundraiser D Admission Charge
ffiXld. ,-,,\ q<: *<:'$€- eotLaL
Ct -HTn€.

D Sports Field Lighting D Yests No If yes, please indicate requested Start Timefor updates and information on io protect yourself and olhers from covtD-19.

Area of Park:

Numberof Attendees: Adufts L
Name
Date
Date
End Time
Start Time]lpllqg End Time I ;tlO 8ff\
PurposeNature of Event:

Equiprnent to be brought into the Park 6e
Provisions for Security and Medical Aid
Start Time End Time
Juveniles
fl Water *
{'Avaltable at Mannal Park anlv- Arcas 1 and 5t Electricity *
Start Time End Time
CHECK ,{LL TII,{T APP[-\':

GIIOL P P,{I.I.K FACILIT\' TISE PERi\IIT
Maximum Distance Music will be Heard
,\
Time of Use Wattage
A\lPl ,lF IF-l) i\lLlSIC/SPEECII PERNIl'f : ti\Irrrrici al Codc 12.32.150 -160) Type of Alcohol:
,\I,COHOLIC BE\ [RA(;[, POSSESSIO\ ()R ('()NSt i\lP'il()\ PERNII.I: (!luni cl il l('ode 12.-12.070) Tax ExemptNo.

Purpose of Sale
Type of Alcohol
ABC License
,\t,cr()Ho [,IC IJI.,\ F-I{,-\C;1, S \I-F- PEI{NII'I- (,\ttaclt ('rr ol -\R( l.ii:eltst' 1\lunici rl ('ode I 2.12.0701

Page 19 of 195 ends

a. The requested park facility, date and time are available b. The rental will not interfere with official City business or programs c. A complete reservation form has been submitted to the City and all applicable fees paid d. A hold harmless and indemnification agleement has been signed and submitted e. If Liability insurance is required, the renter must submit proof of insurance coverage aud endorsements A facility uss agreement authorizes rental ofthe facility under the following conditions to the City ten to the event
Standard Park Conditions:
a. Applicant must be l8 years or older
b. Park hours are from 5am to 10pm and facilities are available for Rental between 5am to 9pm c. Applicant is responsible for the conduct and control ofthe attendees and must be present at the rental at all times
d. City events will take precedence over non-city events e. payment of park permit fees is non-refundable. In the event of a rain-out, the renter may opt to reserve a future rental date up to 120 days in advance and is subject to availabilify f. Applicant is responsible for vacating the facility in a timely manner g. All parks are to Ieft clean and litter free after use, all trash must be placed in the trash bin receptacles h. Placement ofsigns or posters for advertising purposes is prohibited i. Recurring reservations that are religious or political in nature are prohibited j. Changes to the reservation date, time and nature of activity must be requested in person k. Consumption of Alcohol is prohibited
l. Additional Conditions of Approval
use of the facility is not consistent with the intended use. Use of the facility will be granted upon the conditions that all rules and regulations will be followed. A rental permit may be revoked for violations of any rule or regulation contained in the City of Shafter Municipal Code or state and local laws by t]re renter, guests, attendees, employees or vendors. Applicant is responsible for any damage to the facility, contents or fixtures and is responsible for the cost of repairs and or replacements of such at the City's discretion. All damages must be reported to the City at the conclusion The Director may revoke an issued permit or deny a reservation, when it is determined by the Director that the proposed ofthe event or the next business day.

The Director may establish additional rules, regulations consistent with Chapter 12.32 of the Municipal Code
and conditions the use of the park that are
permit or any obligation, right, title or interest assumed by the renter without the prior written consent of the City' City Renter assign or transfer use The Park Permit is nonexclusive and nontransferable. Under no condition res€rves the right to terminate the park permit.
and attendees AND fi.rther to ensure that the number Applicant responsible for conduct control of all the agrees number declared on the Permit N with this requirement does not exceed the Application. on-compliance of attendees can be to rental cancellation and fees revoked.
events at city parks under the following conditions:
a. A use Permit is granted
b. A city business license is obtained
c. Food sales must be approved by Kem County Public Health and a copy of the permit filed with the City. conduct sales, collect fees or have fun&aising The Director may grant local charitable or non-profit organizations to P,\RK RE\I ,,\L .\(;REI.]TI EN I
C IT\'S RI(;TI'I''I'O RE\'()IiIj. CANCF-I- OR DE\\ RE\'I',\I, I'ERi\II1 I{I(;H I TO ES'I,,\BLISI-I \DDITIO\ \L II.ULF,S .\\D C0\DITIO\S \ON-,\SSIG\ NI E\'T
-{TTE\D,\\CE,\\.D C,\P.\(.I I Y
s,\LES ,\\ D ( ()t l-F(' l lo\ olj F'l.t'lS

Page 20 of 195 ends

be permitted as follows:
a. Facility must be adequate in size and have electricity or water connection available b. Vendor must have an active business license with the City to the event
lasertags and non-mechanical rides may Inflatablo attractions including bounce houses, water slides, obstacle courses, insurance and additional endorsements must be filed the l0 ln the ofShafter unless such ride has a valid TAR Permit and a No Amusement Ride shall be operated City 2 Certificate shall be posted on or n9ar the amusement ride m a location oflnspection issued by the State of California. al the of authorized Staff. J Other Permits be where it can be seen and accessible activity;
Shafter,
oflnsurance submitted if the event ls open to the public; City Council Resolution 888 requrres that amusement rides; or more than 00 music; rS to have: attending; amplified 1S expected persons fund-raising Commercial rnsurance with limits not less than $2,000,000 ln alcohol consumption. MINIMUM REQUIRMENS:

Proof of rnc the additional and occrlTence. lnsurance coverag€ luding required aggregate $ ,000,000 each City Council members, Agents Boards and endorsements namrng the City of its Offrcers, Employees, be with lnsurance carTler must filed
Is cerrificate of Insurance CS
the city l0 days prior to the event. The
to do business in the State of Califomia.

Commissions as Additional Insured must
have a Best's A- and be size VII or larger
Play golf or archery or fly motor-driven model aircrafts (except in designated areas) Vandalize or damage any park trees or other vegetation, buildings, benches, equipment or facilities Light any fire (except in grills and pits)
Litter in any manner
Drive or park motor vehicles or bicycles (except when authorized on park perrrit) Ride horses or other animals
Allow dogs to run loose
lnterfere with other persons or groups who have reserved park areas Obstruct paths and Passage waYs
10, Possess oruse any weaPon
I l. Camp or lodge overnight, except by permission of the City

12. Operate a radio or other audible device loud enough to be heard 50 feet from the radio or device

13. Amplified music, speech or sound, except by permit

14. possess, consume or sell alcoholic beverages, except by pennit issued by the City Council a. Application to consume or sell alcoholic beverages must be submitted 2l days prior to the event b. Denial of the application may be appealed to the City Council by filing a written appeal with the City Clerk within 5 days of mailing or delivery of such dscision c. The ciry council shall hold a hearing within 14 days of hling the appeal d. The decision of the Council shall be final

15. power driven mechanical rides also referred to as Amusement Rides require City Council approval

16. Hazardols materials are prohibited in any City facility and defined as asbestos or asbestos containing materials, petroleum, including but not limited to crude oil, natural gas, or natural liquids, pollutants or contaminants

17. Any violations of law
l.
t

3. 4.

5. 6.

7. 8.

9. I \ FL.\ t,.\Bl-1.-S .,\\ D tioLi\(lE HOL:sES
\ i\I t ts[-]l EN'l'/]l EC Fl.\\ l(.,\l- I{l Dlrs
l\sU R.\N( l.l Rl,.(Jt; I RErl 1,.\'l'
() f HT-R II,EGTIL,\TIO\S ,.\ND PRO}III]I'I"ED \(]TS
By initialing and signing this application, the
authorized agent and
Applicant' s
applicant agrees to the rental policies set forth. I certify that I am the applicant or is true and correct to the best of my knowledge.

Date
CheckNo. Credit CardDate Time
Cash
-
ReceiptNo.
il o with Conditions f, Denied PARK PERMIT APPROVAL:

Received by
Fee $
GROUP PARK FACILITY USE: Public Works Director:

PERMIT REVIEW: CitY Manager
PERMIT REVIEW: Chief of Police

FOR OFFICE USE ONLY

Page 21 of 195 ends

N
UJ- :_ E I
[nfro{rrble rsuxil e/e e,^rrs!
t rnrro le Votluahatt
IV€}
q/
</ (t hc
.:J
<) rt fl
lJ I-},,*vanq I unLr J L s,kch'on
I-u**'
L iluuse
0ounce
$ouse
-tlt\e Ctlo*,n3 tle,rns rr.rrl\ be
renkc,l bq crrna?rng botrnCe,
- inftq{ob\e o?rshczle Ccrurse
- 2 bounce hourses
* Rtt oHner aoftvr{les wr\\ be QrCIurded Lct4 o\ r
Se-,hoo\.

Page 22 of 195 ends

CONSENT CALENDAR

CITY OF SHAFTER

CITY COUNCIL REPORT
MEETING DATE: January 10, 2023
FROM: Gabriel A. Gonzalez, City Manager
PREPARED BY: Randy Milligan, Lieutenant
SUBJECT: APPROVE A CHANGE ORDER IN THE AMOUNT OF $23,550 ($11,775 PER VEHICLE) FOR THE PURCHASE OF TWO 2023

FORD UTILITY VEHICLES FROM JIM BURKE FORD

RECOMMENDATION
Council approve a Change Order in the amount of $23,550 ($11,775 per vehicle) for the purchase of two 2023 Ford Utility Vehicles from Jim Burke Ford.

BACKGROUND
On January 15, 2022, patrol vehicle #131 was rear-ended on E. Lerdo Hwy. and sustained major damage. In addition, on February 8, 2022, a motorist pulled out in front of patrol vehicle #182 causing damage beyond repair to the front-end and airbag system. The City Council has already approved the replacement purchase of two 2022 Ford Police Utility vehicles with outfitted emergency equipment and graphics with the understanding that RMA insurance would cover the replacement cost for each unit. The police department received a quote from Jim Burke Ford for $33,972.65 for each 2022 Ford patrol vehicle. Ford Motor Company recently announced that they will no longer be building 2022 Ford Utility vehicles and will begin the production of the 2023 models. The police department's order for the two 2022 models was canceled by Ford and moved to the 2023 model with a price of $45,750, a difference of $11,775 per vehicle. RMA will be covering the upcharge of both vehicles.

ANALYSIS
None

FISCAL IMPACT
None

CEQA ANALYSIS
The action is not defined as a “project” per Section 15378(b)(4) of the CEQA Guidelines because the action is the replacement of police vehicles tand therefore, it is governmental fiscal activity that does not involve any commitment to a specific project that can result in a potentially significant impact and not subject to CEQA.

Page 23 of 195 ends

APPROVE A CHANGE ORDER IN THE AMOUNT OF $23,550 ($11,775 PER VEHICLE) FOR THE PURCHASE OF TWO 2023 FORD UTILITY VEHICLES FROM JIM BURKE FORD - 2 -

APPROVED BY THE CITY ATTORNEY
Not Applicable

ALTERNATIVES
None

NEXT STEPS
None

ATTACHMENTS

1. 2022 Ford Pricing

2. 2023 Ford Pricing

Page 24 of 195 ends

Page 25 of 195 ends

Page 26 of 195 ends

CONSENT CALENDAR

CITY OF SHAFTER

CITY COUNCIL REPORT
MEETING DATE: January 10, 2023
FROM: Gabriel A. Gonzalez, City Manager
PREPARED BY: Rogelio Sanchez, Finance Director
SUBJECT: RECEIVE AND FILE TREASURER'S REPORT: FISCAL YEAR 2020/2021

RECOMMENDATION
Council find proposed activity is not subject to the California Environmental Quality Act (CEQA); and accept the Treasurer’s Report for the year 2020/2021.

BACKGROUND
California government code section 41004 requires that the City Treasurer submit to the City Clerk and the legislative body a written report and accounting of all receipts, disbursements, and fund balances. The accompanying report for January meets this Government Code requirement, as well as the requirements of other sections of the Government Code and the City’s Investment Policy.

ANALYSIS
N/A

FISCAL IMPACT
There is no fiscal impact resulting from the acceptance of the monthly Treasurer’s Report.

CEQA ANALYSIS
The proposed activity is not subject to the California Environmental Quality Act (CEQA) because it is not defined as a “Project” pursuant to Section 15378(b)(5) of the CEQA Guidelines

APPROVED BY THE CITY ATTORNEY
No

ALTERNATIVES
N/A

NEXT STEPS
N/A

Page 27 of 195 ends

RECEIVE AND FILE TREASURER'S REPORT: FISCAL YEAR 2020/2021 - 2 -

ATTACHMENTS

1. Fiscal Year 2020-2021 Cash Balance by Fund

Page 28 of 195 ends

City Of Shafter
Fiscal Year 20/21
Quarterly Cash Balances
Fund Fund Desc
20Q3
Balance
20Q4
Balance
21Q1
Balance
21Q2
Balance
0100 General Fund 56,491,620 52,916,604 58,441,954 61,318,513 0200 Federal Grant (987,925) (1,436,038) (1,442,009) (86,816) 0201 Traffic Safety 118,140 118,526 149,807 170,810
0202 Supp. Law Enforcement Fund 252,011 252,833 411,417 252,583 0203 Gas Tax 1,074,145 1,197,014 1,292,742 1,388,065
0204 Tran. Dev. Act - Streets 1,308,437 1,119,790 1,096,997 1,116,655 0205 Special Police Services 5,521 3,639 3,639 3,611
0206 Asset Forfeitures 197,596 198,240 199,137 198,115
0207 Road Maint & Rehab. Acct 331,401 (176,227) (122,291) (29,722) 0209 Community Develop. Block Grant 25 (5,063) 40,924 (9,270) 0211 Low Moderate Income Housing 1,755,145 1,760,873 1,768,834 1,759,761 0300 Asset Replacement 4,372,918 4,387,191 4,632,298 4,608,542 0301 Wastewater Connection 4,376,756 4,447,020 5,357,139 5,952,502 0302 Refuse Connection 298,750 299,725 301,166 307,058
0303 Water Connection 1,207,260 1,211,200 1,384,293 1,386,819 0304 Park Mitigation 52,432 52,603 55,132 57,119
0305 Traffic Mitigation 8,734,328 8,825,366 10,212,463 10,825,344 0306 Median Mitigation 106,082 106,429 106,910 106,361
0307 MCCF Asset Replacement 158,750 158,750 158,750 157,510 08XX LLMD 849,738 660,947 908,030 1,044,735
5000 Wastewater Operations 2,695,592 2,807,436 2,743,759 2,743,409 5001 Refuse Operations 484,648 240,364 196,126 66,520
5002 Water Operations 2,171,016 2,398,894 2,241,739 1,192,178 5003 Transit Operations (69,759) (163,428) (252,753) (332,841) 5004 Telecommunications Operations (743,960) (753,784) (732,717) (695,914) 5005 MCCF Operations (3,491,499) (3,931,114) (2,119,375) (2,163,956) 5006 Rail Operations (1,273,447) (1,298,847) (1,348,061) (1,380,349) 5100 Facility Maintenance (45,392) (117,647) (176,217) 11,821 5101 Vehicle Maintenance (71,158) (174,058) (238,168) 25,870 5102 Risk Management 675,946 1,135,941 1,076,818 5,282
5103 Information Technology (266,941) (425,211) (616,954) 42,709 8000 North Park/North Shafter AD 81,878 84,687 88,261 96,077 8001 MCCF Inmate Welfare (78,797) (68,324) (68,319) 1,525 8003 MCCF Inmate Trust 0 (10,937) (10,942) (10,942)
8100 RDA Obligation Retirement 871,166 871,166 1,528,423 1,192,795 Totals 81,642,422 76,694,561 87,268,954 91,322,481
$56.5 $52.9 $58.4 $61.3
$25.2 $23.8
$28.8 $30.0
$-
$20.0
$40.0
$60.0
$80.0
$100.0
20Q3 Balance 20Q4 Balance 21Q1 Balance 21Q2 Balance
Million USD
General Funds Other Funds

Page 29 of 195 ends

0 20,000,00040,000,00060,000,00080,000,000
100,000,000120,000,000
20Q3 Balance 20Q4 Balance 21Q1 Balance 21Q2 Balance 21Q3 Balance 21Q4 Balance 22Q1 Balance 22Q2 Balance 22Q3 Balance Amount
Cash Balance by Account Type
Bonds & CDs (High Yield) Savings (Med. Yield) LAIF (Med. Yield) Checking (Low Yield) Safekeeping (Low Yield)

Page 30 of 195 ends

Treasurer's Report
City - US Bank - Safekeeping (83145)[07-01-2020]--[09-30-2020]07/01/2020 - 09/30/2020Dated: 12/28/2022Locked Down

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GAAP Financials (City - US Bank - Safekeeping (83145))
1 Risk Concentration Summary - TR (City - US Bank - Safekeeping (83145)) 2 Investment Activity - TR (City - US Bank - Safekeeping (83145)) 4 Investment Returns - TR (City - US Bank - Safekeeping (83145)) 5 Cumulative Investment Returns - TR (City - US Bank - Safekeeping (83145)) 6 Index Comparison (City - US Bank - Safekeeping (83145)) 7 Investment Portfolio Detail - TR (City - US Bank - Safekeeping (83145)) 10Investment Policy Compliance Summary - TR (City - US Bank - Safekeeping(83145)) 12 Investment Policy Voilations - TR (City - US Bank - Safekeeping (83145)) 13Credit Events - TR (City - US Bank - Safekeeping (83145)) 14 Table of Contents
Dated: 12/28/2022

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Balance Sheet City - US Bank - Safekeeping
As of: 06/30/2020 09/30/2020
Accumulated Allowance Written Off 0.00 0.00Accumulated Non-Purchased Allowance 0.00 0.00Original Cost less Due 44,233,261.61 41,014,312.27Net Accumulated Amortization/Accretion -167,877.64 -201,422.15Net Accumulated OTTI 0.00 0.00 Book Value less Due 44,065,383.97 40,812,890.12
Due and Accrued 310,809.06 245,374.64
Book Value + Accrued 44,376,193.03 41,058,264.76
Net Unrealized Carrying Value Gain 1,351,936.60 1,358,612.89 Carrying Value and Accrued 45,728,129.63 42,416,877.65
Income Statement City - US Bank - Safekeeping
Begin Date
End Date
07/01/202009/30/2020
Net Amortization/Accretion Income -37,813.51
Interest Income 284,808.07Dividend Income 0.00Foreign Tax Withheld Expense 0.00Misc Income 0.00Net Allowance Expense 0.00 Income Subtotal 284,808.07
Net Realized Gain/Loss 0.00Impairment Loss 0.00
Net Gain/Loss 0.00
Expense 0.00
Net Income 246,994.57Transfers In/Out -3,564,922.84Change in Unrealized Gain/Loss 6,676.29 Statement of Cash Flows City - US Bank - Safekeeping
Begin Date
End Date
07/01/202009/30/2020
Net Income 246,994.57
Amortization/Accretion on MS 37,813.51Change in Accrued on MS 65,434.42Net Gain/Loss on MS 0.00Change in Unrealized G/L on CE 0.00 Subtotal 103,247.92
Purchase of MS 0.00Purchased Accrued of MS 0.00Sales of MS 26,680.35Sold Accrued of MS 0.00Maturities of MS 3,188,000.00 Net Purchases/Sales 3,214,680.35Transfers of Cash & CE -3,564,922.84Total Change in Cash & CE 0.00Beginning Cash & CE 399.08Ending Cash & CE 399.08 GAAP Financials City - US Bank - Safekeeping (83145)07/01/2020 - 09/30/2020 Return to Table of Contents Dated: 12/28/2022 1

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% Concentration by Security Type % Concentration by Market Sector % Concentration by Issuer Security Type Base Market Value + Accrued % of Base Market Value + Accrued
CORP 29,195,156.87 68.829%MUNI 7,082,200.79 16.697%CD 4,728,277.17 11.147%SUPRANATIONAL 1,246,998.64 2.940%GNMA 163,845.10 0.386%CASH 399.08 0.001%Total 42,416,877.65 100.000% Footnotes: 1,2,3
Market Sector Base Market Value + Accrued % of Base Market Value + Accrued
Financial 18,008,160.09 42.455%Industrial 14,640,226.74 34.515%Municipal 7,082,200.79 16.697%Utility 1,275,047.20 3.006%Government 1,246,998.64 2.940%Mortgage Backed 163,845.10 0.386%Cash 399.08 0.001%Total 42,416,877.65 100.000% Footnotes: 2,3,4
Issuer Concentration Base Market Value +
Accrued
% of BaseMarket Value+ Accrued
Other 22,602,005.52 53.285%Apple Inc. 3,096,150.33 7.299%California Housing Finance Agency 3,089,740.00 7.284%The Bank of New York Mellon Corporation 2,217,612.89 5.228%Coöperatieve Rabobank U.A. 2,106,551.72 4.966%State of California 2,091,090.00 4.930%Equinor ASA 1,592,591.24 3.755%Exxon Mobil Corporation 1,580,752.13 3.727%Sanofi 1,357,684.38 3.201%Citigroup Inc. 1,348,123.47 3.178%BNP Paribas SA 1,334,575.97 3.146%Total 42,416,877.65 100.000% Footnotes: 2,3,5
Risk Concentration Summary - TR City - US Bank - Safekeeping (83145)07/01/2020 - 09/30/2020 Return to Table of Contents Dated: 12/28/2022 2

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1: * Grouped by: Security Type. 2: * Groups Sorted by: Base Market Value + Accrued. 3: * Weighted by: Base Market Value + Accrued. 4: * Grouped by: Market Sector. 5: * Grouped by: Issuer Concentration.

Risk Concentration Summary - TR City - US Bank - Safekeeping (83145)07/01/2020 - 09/30/2020 Return to Table of Contents Dated: 12/28/2022 3

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* Does not Lock Down.
* Filtered By: Transaction Type = Buy or Transaction Type = Call Redemption or Transaction Type = Principal Paydown or Transaction Type = Maturity or Transaction Type = Principal Repayment or Transaction Type = Put Redemption or Transaction Type = Redemption orTransaction Type = Sell. * Showing transactions with Trade Date within selected date range. * Weighted by: Absolute Value of Base Principal. * MMF transactions are collapsed.* The Transaction Detail/Trading Activity reports provide our most up-to-date transactional details. As such, these reports are subject to change even after the other reports on the website have been locked down. While these reports can be useful tools in understanding recent activity,due to their dynamic nature we do not recommend using them for booking journal entries or reconciliation.

Transaction Type Description Identifier Coupon
Rate
Yield to Maturity Trade Date Final Maturity Base Original Units Price Base Principal Principal Paydown G2 004636 36202FEH5 4.500 1.091 07/01/2020 02/20/2040 0.00 --- -5,294.49Principal Paydown GN 354094 36203NKF4 7.500 1.841 07/01/2020 05/15/2023 0.00 --- -1.69Principal Paydown G2 004649 36202FEW2 4.500 --- 07/01/2020 03/20/2040 0.00 --- -14,011.76Call Redemption Valley Strong Credit Union 49228XAL4 1.950 0.000 07/15/2020 01/15/2025 -249,000.00 100.000 -249,000.00Call Redemption BMO Harris Bank National Association 05581W4Y8 2.000 2.000 07/30/2020 01/30/2024 -248,000.00 100.000 -248,000.00Principal Paydown G2 004649 36202FEW2 4.500 --- 08/01/2020 03/20/2040 0.00 --- -117.34Principal Paydown G2 004636 36202FEH5 4.500 0.992 08/01/2020 02/20/2040 0.00 --- -3,990.97Principal Paydown GN 354094 36203NKF4 7.500 1.239 08/01/2020 05/15/2023 0.00 --- -1.70Call Redemption HSBC Bank USA, National Association 44329MA45 2.300 2.300 08/13/2020 08/13/2024 -247,000.00 100.000 -247,000.00Maturity Discover Bank 254672TZ1 2.350 0.000 08/19/2020 08/19/2020 -248,000.00 100.000 -248,000.00Maturity World's Foremost Bank 981571BU5 2.400 0.000 08/20/2020 08/20/2020 -200,000.00 100.000 -200,000.00Maturity GOLDMAN SACHS GROUP INC 38143ULV1 1.760 1.071 08/26/2020 08/26/2020 -500,000.00 100.000 -500,000.00Maturity Capital One, N.A. 14042E6A3 2.350 0.000 08/26/2020 08/26/2020 -248,000.00 100.000 -248,000.00Maturity Capital One Bank (USA), National Association 140420UQ1 2.350 0.000 08/26/2020 08/26/2020 -248,000.00 100.000 -248,000.00Principal Paydown G2 004649 36202FEW2 4.500 --- 09/01/2020 03/20/2040 0.00 --- -119.20Principal Paydown G2 004636 36202FEH5 4.500 0.888 09/01/2020 02/20/2040 0.00 --- -3,141.49Principal Paydown GN 354094 36203NKF4 7.500 1.851 09/01/2020 05/15/2023 0.00 --- -1.71Call Redemption FEDERAL HOME LOAN BANKS 3130AJAT6 1.700 --- 09/03/2020 03/03/2025 -1,000,000.00 100.000 -1,000,000.00--- --- --- 2.015 0.733 --- 02/16/2023 -3,188,000.00 --- -3,214,680.35 Investment Activity - TR City - US Bank - Safekeeping (83145)Base Currency: USD 07/01/2020 - 09/30/2020 Return to Table of Contents Dated: 12/28/2022 4

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Net of Fees (includes management and trading).

Returns are actual and have not been annualized.No Tax Adjustment.Note that data will not exist prior to the performance inception date of: 03/07/2017.Reported Index Return is always Total Return.

Period Period Begin Period End Total Return, Net of Fees Price Return, Net of Fees Income Return, Net of Fees Assigned Index ReturnTrailing Month 09/01/2020 09/30/2020 -0.100% -0.289% 0.189% -0.133%Quarter to Date 07/01/2020 09/30/2020 0.554% -0.006% 0.560% 0.666%Year to Date 01/01/2020 09/30/2020 3.451% 1.741% 1.710% 4.663%Since Inception 03/07/2017 09/30/2020 11.022% 3.966% 7.056% 14.520%Account Index Index Start Date Index End DateCity - US Bank - Safekeeping ICE BofA 1-5 Year AAA-A US Corporate Index 11/30/2007 --- Investment Returns - TR City - US Bank - Safekeeping (83145) Base Currency: USD As of 09/30/2020 Return to Table of Contents Dated: 12/28/2022 5

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Net of Fees (includes management and trading).

Returns are actual and have not been annualized.No Tax Adjustment.Note that data will not exist prior to the performance inception date of: 03/07/2017.

Period Begin Period End Total Return, Net of Fees Income Return, Net of Fees Price Return, Net of Fees07/01/2020 07/31/2020 0.472% 0.184% 0.288%08/01/2020 08/31/2020 0.182% 0.184% -0.002%09/01/2020 09/30/2020 -0.100% 0.189% -0.289%--- --- --- --- ---Account Index Index Start Date Index End DateCity - US Bank - Safekeeping ICE BofA 1-5 Year AAA-A US Corporate Index 11/30/2007 --- Cumulative Investment Returns - TR City - US Bank - Safekeeping (83145) Base Currency: USD 07/01/2020 - 09/30/2020 Return to Table of Contents Dated: 12/28/2022 6

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Index Comparison Summary
Index Comparison Market Sector
Index Comparison DurationIndex Comparison Credit Rating Index Comparison City - US Bank - Safekeeping (83145)07/01/2020 - 09/30/2020 Return to Table of Contents Dated: 12/28/2022 7

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Index Comparison Summary
Risk Metric Portfolio Index DifferenceDuration 2.176 2.766 -0.590Yield 0.831 0.733 0.098Years to Effective Maturity 2.520 2.980 -0.460Years to Final Maturity 2.619 2.980 -0.361Average Credit Rating A+ A --- Footnote: 1 Index Comparison Market Sector
Market Sector Portfolio Index DifferenceGovernment 2.940% 0.000% 2.940%Municipal 16.697% 0.000% 16.697%Financial 42.455% 52.198% -9.743%Industrial 34.515% 43.476% -8.961%Utility 3.006% 4.326% -1.320%Mortgage Backed 0.386% 0.000% 0.386%Cash 0.001% 0.000% 0.001% Footnote: 2
Index Comparison Duration
Duration Portfolio Index Difference< 0 0.000% --- --- 0 - 1 12.923% 1.967% 10.957%1 - 2 30.423% 27.482% 2.942%2 - 3 26.510% 27.323% -0.814%3 - 4 28.246% 24.174% 4.072%4 - 5 1.897% 19.054% -17.157%5 - 7 0.000% 0.000% 0.000%7 - 10 0.000% 0.000% 0.000%10 - 15 0.000% 0.000% 0.000%15 - 30 0.000% 0.000% 0.000%30 + 0.000% --- --- No Duration 0.000% --- --- Footnote: 3 Index Comparison Credit Rating
Credit Rating Portfolio Index DifferenceAAA 2.941% 1.656% 1.285%AA 41.643% 15.846% 25.797%A 45.931% 82.498% -36.567%BBB 4.197% 0.000% 4.197%Non-Invest 0.000% 0.000% 0.000%Not Rated 5.288% 0.000% 5.288% Footnote: 4
Index Comparison City - US Bank - Safekeeping (83145)07/01/2020 - 09/30/2020 Return to Table of Contents Dated: 12/28/2022 8

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Index: ICE BofA 1-5 Year AAA-A US Corporate Index.
1: * Grouped by: Risk Metric. 2: * Grouped by: Market Sector. 3: * Grouped by: Duration. 4: * Grouped by: Credit Rating.

Index Comparison City - US Bank - Safekeeping (83145)07/01/2020 - 09/30/2020 Return to Table of Contents Dated: 12/28/2022 9

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Security Type Description Identifier Trade Date Final Maturity Yield to Maturity Base Current Units Base Original Cost Market Price
Base Market Value Base Accrued
Balance
Base Market Value +
Accrued
CORP 3M CO 88579YBE0 02/06/2019 02/14/2024 0.584 1,000,000.00 997,250.00 99.7954 997,954.00 753.00 998,707.00CD American Express National Bank 02587DZ76 09/06/2017 09/12/2022 2.440 249,000.00 248,502.00 99.9221 248,806.09 311.08 249,117.17CORP APPLE INC 037833CM0 02/17/2017 02/09/2022 0.398 3,000,000.00 3,009,300.00 102.8439 3,085,317.00 10,833.33 3,096,150.33CD Bank Hapoalim BM, New York Branch. 06251AK25 10/01/2015 10/09/2020 1.981 248,000.00 248,000.00 100.0000 248,000.00 2,378.08 250,378.08CORP BANK OF NEW YORK MELLON CORP 06406HCV9 11/27/2019 05/15/2024 0.714 2,000,000.00 2,112,300.00 109.5962 2,191,924.00 25,688.89 2,217,612.89CD Barclays Bank Delaware 06740KKD8 09/06/2017 07/12/2022 2.198 248,000.00 248,000.00 100.0000 248,000.00 1,210.78 249,210.78CORP BAYLOR SCOTT & WHITE HOLDINGS 072863AB9 11/27/2019 11/15/2025 1.834 750,000.00 783,997.50 106.1410 796,057.50 8,769.17 804,826.67CORP BERKSHIRE HATHAWAY INC 084670BQ0 03/17/2016 03/15/2021 0.621 600,000.00 607,398.00 100.7214 604,328.40 586.67 604,915.07CORP BNP PARIBAS SA 05574LFY9 06/27/2018 03/03/2023 0.543 1,250,000.00 1,238,700.00 106.5133 1,331,416.25 3,159.72 1,334,575.97MUNI CALIFORNIA HSG FIN AGY REV 13034PZJ9 07/05/2017 02/01/2022 0.687 3,000,000.00 3,020,100.00 102.5560 3,076,680.00 13,060.00 3,089,740.00MUNI CALIFORNIA ST 13063DAD0 06/01/2017 04/01/2022 0.121 2,000,000.00 2,021,560.00 103.3710 2,067,420.00 23,670.00 2,091,090.00CORP CAPITAL IMPACT PARTNERS 14020AAH7 01/09/2018 01/15/2023 1.950 1,000,000.00 1,000,000.00 101.6764 1,016,764.00 5,700.00 1,022,464.00CORP CITIBANK NA 17325FAS7 11/27/2019 01/23/2024 0.806 1,000,000.00 1,061,990.00 109.2798 1,092,798.00 6,894.44 1,099,692.44CD Citibank, N.A. 17312QM48 05/31/2018 06/06/2023 3.269 246,000.00 245,754.00 99.9464 245,868.24 2,562.78 248,431.02MUNI CONTRA COSTA CNTY CALIF REDEV AGY

SUCCESSOR AGY TA
212263AU1 03/04/2020 08/01/2024 0.834 600,000.00 638,430.00 107.2200 643,320.00 2,750.00 646,070.00 CORP COOPERATIEVE RABOBANK UA 21685WDD6 08/21/2017 02/08/2022 0.354 2,000,000.00 2,144,060.00 104.7571 2,095,142.00 11,409.72 2,106,551.72CORP EQUINOR ASA 85771PAX0 11/27/2019 11/10/2024 0.751 1,430,000.00 1,509,651.00 110.0971 1,574,388.53 18,202.71 1,592,591.24CD Essential Federal Credit Union 29670PAA0 12/04/2018 12/05/2023 3.569 245,000.00 244,755.00 99.9365 244,844.36 2,811.79 247,656.15CORP EXXON MOBIL CORP 30231GBC5 08/28/2019 08/16/2024 0.676 1,000,000.00 1,012,150.00 105.1311 1,051,311.00 2,523.75 1,053,834.75CORP EXXON MOBIL CORP 30231GBC5 10/24/2019 08/16/2024 0.676 500,000.00 505,000.00 105.1311 525,655.50 1,261.88 526,917.38GNMA G2 004636 36202FEH5 06/07/2012 02/20/2040 0.996 101,143.30 101,143.30 112.5594 113,846.26 379.29 114,225.55GNMA G2 004649 36202FEW2 06/07/2012 03/20/2040 --- 45,473.24 45,473.24 108.6297 49,397.42 170.52 49,567.95GNMA GN 354094 36203NKF4 05/29/2012 05/15/2023 1.367 48.45 48.45 105.8948 51.31 0.30 51.61CD Goldman Sachs Bank USA 38148PPJ0 09/07/2017 09/13/2022 2.399 249,000.00 249,000.00 100.0000 249,000.00 294.71 249,294.71CORP HSBC HOLDINGS PLC 404280BA6 10/23/2018 05/25/2023 1.027 1,000,000.00 989,560.00 106.7153 1,067,153.00 12,600.00 1,079,753.00CD Industrial and Commercial Bank of China (USA) NA
45581EAK7 09/06/2017 09/20/2022 2.300 247,000.00 247,000.00 100.0000 247,000.00 171.21 247,171.21

SUPRANATIONAL

INTERNATIONAL BANK FORRECONSTRUCTION AND DEVELOPM
459058HC0 10/28/2019 08/06/2024 0.471 1,250,000.00 1,256,875.27 99.6998 1,246,247.50 751.14 1,246,998.64 CD Jefferson Financial Federal Credit Union 474067AU9 11/27/2019 12/10/2024 2.016 248,000.00 248,000.00 100.0000 248,000.00 4,122.92 252,122.92CORP JPMORGAN CHASE & CO 46625HJT8 02/06/2019 02/01/2024 0.728 1,000,000.00 1,030,370.00 110.3531 1,103,531.00 6,458.33 1,109,989.33CD Maine Savings Bank 560507AN5 11/04/2019 11/08/2024 1.900 249,000.00 249,000.00 100.0000 249,000.00 298.12 249,298.12CD Merrick Bank Corporation 59013KBZ8 08/05/2019 08/09/2024 2.150 249,000.00 249,000.00 100.0000 249,000.00 322.68 249,322.68CORP MICROSOFT CORP 594918BA1 01/09/2018 02/12/2022 0.424 1,000,000.00 998,200.00 102.6558 1,026,558.00 3,232.64 1,029,790.64CD Morgan Stanley Bank, N.A. 61747MG54 01/09/2018 01/18/2022 2.497 246,000.00 246,000.00 100.0000 246,000.00 1,263.70 247,263.70CD Morgan Stanley Private Bank, National Association
61760ASZ3 12/04/2018 12/06/2023 3.569 245,000.00 244,755.00 99.9364 244,844.23 2,787.97 247,632.19 CD Numerica Credit Union 67054NAP8 12/04/2018 12/21/2023 3.600 249,000.00 249,000.00 100.0000 249,000.00 245.59 249,245.59CORP ORACLE CORP 68389XBL8 10/23/2018 09/15/2023 0.622 1,000,000.00 950,680.00 105.2048 1,052,048.00 1,066.67 1,053,114.67MUNI PASADENA CALIF PENSION OBLIG 70227RAG5 08/28/2019 05/01/2024 0.376 250,000.00 266,375.00 110.5470 276,367.50 3,479.17 279,846.67CD Pathfinder Bank 70320KAJ0 03/04/2020 03/13/2025 1.500 249,000.00 249,000.00 100.0000 249,000.00 184.19 249,184.19CASH Receivable CCYUSD --- 09/30/2020 --- 399.08 399.08 1.0000 399.08 0.00 399.08CORP SANOFI SA 801060AC8 06/27/2018 06/19/2023 0.534 1,250,000.00 1,254,825.00 107.6585 1,345,731.25 11,953.13 1,357,684.38MUNI SANTA ROSA CALIF REGL RES AUTH REV
802629AY1 03/04/2020 08/01/2023 0.831 925,000.00 972,933.50 105.0170 971,407.25 4,046.88 975,454.13 CORP SOUTHERN CALIFORNIA EDISON CO 842400GL1 06/04/2018 06/01/2023 1.437 1,200,000.00 1,202,712.00 105.1206 1,261,447.20 13,600.00 1,275,047.20CD Southwest 66 Credit Union 84475BAB1 03/04/2020 03/24/2025 1.300 248,000.00 248,000.00 100.0000 248,000.00 70.66 248,070.66CORP STATE STREET CORP 857477AN3 03/04/2020 12/16/2024 0.806 1,000,000.00 1,089,920.00 110.3032 1,103,032.00 9,625.00 1,112,657.00CD TIAA, FSB 87270LAT0 09/06/2017 09/14/2022 2.200 249,000.00 249,000.00 100.0000 249,000.00 195.11 249,195.11CORP TORONTO-DOMINION BANK 89114QBL1 07/13/2016 07/13/2021 0.281 1,000,000.00 999,950.00 101.1920 1,011,920.00 3,900.00 1,015,820.00CORP TOYOTA MOTOR CREDIT CORP 89233P7F7 06/04/2018 01/10/2023 0.498 1,000,000.00 973,770.00 104.8120 1,048,120.00 5,906.25 1,054,026.25CORP U.S. BANCORP 91159HHV5 02/06/2019 02/05/2024 0.717 1,000,000.00 1,010,170.00 108.7754 1,087,754.00 5,250.00 1,093,004.00 Investment Portfolio Detail - TR City - US Bank - Safekeeping (83145)Base Currency: USD As of 09/30/2020 Return to Table of Contents Dated: 12/28/2022 10

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* Weighted by: Base Market Value + Accrued. * Holdings Displayed by: Lot.

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Compliance Summary
Policies: .Rules: .* Compliance Status as of previous business day.

Compliant Account Policy Name Total Rules Compliant Rules Violating Rules Investment Policy Compliance Summary - TR City - US Bank - Safekeeping (83145)As of 09/30/2020 Return to Table of Contents Dated: 12/28/2022 12

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Rules: .

Contributors: .* Viewing Violators Only.* Compliance Status as of previous business day.

Investment Policy Voilations - TR City - US Bank - Safekeeping (83145)As of 09/30/2020 Return to Table of Contents Dated: 12/28/2022 13

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Description Identifier Security Type Effective Date Agency Old Value New Value Event Type CALIFORNIA HSG FIN AGY REV 13034PZJ9 MUNI 07/16/2020 Moodys A1 Aa3 UpgradeCALIFORNIA HSG FIN AGY REV 13034PZJ9 MUNI 07/16/2020 Moodys Positive Stable Outlook ChangedU.S. BANCORP 91159HHV5 CORP 07/10/2020 Fitch AA- A+ DowngradeU.S. BANCORP 91159HHV5 CORP 08/05/2020 Moodys Stable Negative Outlook ChangedWELLS FARGO & CO 949746RS2 CORP 07/22/2020 S&P A- BBB+ DowngradeWELLS FARGO & CO 949746RS2 CORP 09/02/2020 Moodys Stable Negative Outlook ChangedWells Fargo Bank, National Association 9497485W3 CD 09/02/2020 Moodys Stable Negative Outlook Changed Credit Events - TR City - US Bank - Safekeeping (83145)Base Currency: USD 07/01/2020 - 09/30/2020 Return to Table of Contents Dated: 12/28/2022 14

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Treasurer's Report
City - US Bank - Safekeeping (83145)[10-01-2020]--[12-31-2020]10/01/2020 - 12/31/2020Dated: 12/28/2022Locked Down

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Balance Sheet City - US Bank - Safekeeping
As of: 09/30/2020 12/31/2020
Accumulated Allowance Written Off 0.00 0.00Accumulated Non-Purchased Allowance 0.00 0.00Original Cost less Due 41,014,312.27 40,244,457.29Net Accumulated Amortization/Accretion -201,422.15 -238,321.23Net Accumulated OTTI 0.00 0.00 Book Value less Due 40,812,890.12 40,006,136.05
Due and Accrued 245,374.64 290,495.11
Book Value + Accrued 41,058,264.76 40,296,631.17
Net Unrealized Carrying Value Gain 1,358,612.89 1,312,194.50 Carrying Value and Accrued 42,416,877.65 41,608,825.66
Income Statement City - US Bank - Safekeeping
Begin Date
End Date
10/01/202012/31/2020
Net Amortization/Accretion Income -36,899.08
Interest Income 268,079.74Dividend Income 0.00Foreign Tax Withheld Expense 0.00Misc Income 0.00Net Allowance Expense 0.00 Income Subtotal 268,079.74
Net Realized Gain/Loss 0.00Impairment Loss 0.00
Net Gain/Loss 0.00
Expense 0.00
Net Income 231,180.66Transfers In/Out -992,814.25Change in Unrealized Gain/Loss -46,418.39 Statement of Cash Flows City - US Bank - Safekeeping
Begin Date
End Date
10/01/202012/31/2020
Net Income 231,180.66
Amortization/Accretion on MS 36,899.08Change in Accrued on MS -45,107.17Net Gain/Loss on MS 0.00Change in Unrealized G/L on CE 0.00 Subtotal -8,208.09
Purchase of MS 0.00Purchased Accrued of MS 0.00Sales of MS 24,854.98Sold Accrued of MS 0.00Maturities of MS 745,000.00 Net Purchases/Sales 769,854.98Transfers of Cash & CE -992,814.25Total Change in Cash & CE 13.30Beginning Cash & CE 399.08Ending Cash & CE 412.38 GAAP Financials City - US Bank - Safekeeping (83145)10/01/2020 - 12/31/2020 Return to Table of Contents Dated: 12/28/2022 1

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% Concentration by Security Type % Concentration by Market Sector % Concentration by Issuer Security Type Base Market Value + Accrued % of Base Market Value + Accrued
CORP 29,172,995.39 70.113%MUNI 7,065,472.60 16.981%CD 3,978,720.31 9.562%SUPRANATIONAL 1,254,836.61 3.016%GNMA 136,388.36 0.328%CASH 412.38 0.001%Total 41,608,825.66 100.000% Footnotes: 1,2,3
Market Sector Base Market Value + Accrued % of Base Market Value + Accrued
Financial 18,287,916.09 43.952%Industrial 13,597,375.61 32.679%Municipal 7,065,472.60 16.981%Utility 1,266,424.00 3.044%Government 1,254,836.61 3.016%Mortgage Backed 136,388.36 0.328%Cash 412.38 0.001%Total 41,608,825.66 100.000% Footnotes: 2,3,4
Issuer Concentration Base Market Value +
Accrued
% of BaseMarket Value+ Accrued
Other 21,838,929.89 52.486%Apple Inc. 3,099,234.33 7.449%California Housing Finance Agency 3,096,610.00 7.442%The Bank of New York Mellon Corporation 2,194,278.89 5.274%Coöperatieve Rabobank U.A. 2,108,464.72 5.067%State of California 2,064,515.00 4.962%Exxon Mobil Corporation 1,588,420.88 3.818%Equinor ASA 1,581,480.14 3.801%Citigroup Inc. 1,354,719.59 3.256%Sanofi 1,342,135.00 3.226%BNP Paribas SA 1,340,037.22 3.221%Total 41,608,825.66 100.000% Footnotes: 2,3,5
Risk Concentration Summary - TR City - US Bank - Safekeeping (83145)10/01/2020 - 12/31/2020 Return to Table of Contents Dated: 12/28/2022 2

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Risk Concentration Summary - TR City - US Bank - Safekeeping (83145)10/01/2020 - 12/31/2020 Return to Table of Contents Dated: 12/28/2022 3

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Net of Fees (includes management and trading).

Returns are actual and have not been annualized.No Tax Adjustment.Note that data will not exist prior to the performance inception date of: 03/07/2017.Reported Index Return is always Total Return.

Period Period Begin Period End Total Return, Net of Fees Price Return, Net of Fees Income Return, Net of Fees Assigned Index ReturnTrailing Month 12/01/2020 12/31/2020 0.123% -0.055% 0.178% 0.254%Quarter to Date 10/01/2020 12/31/2020 0.442% -0.111% 0.553% 0.709%Year to Date 01/01/2020 12/31/2020 3.909% 1.626% 2.282% 5.405%Since Inception 03/07/2017 12/31/2020 11.513% 3.843% 7.670% 15.332%Account Index Index Start Date Index End DateCity - US Bank - Safekeeping ICE BofA 1-5 Year AAA-A US Corporate Index 11/30/2007 --- Investment Returns - TR City - US Bank - Safekeeping (83145) Base Currency: USD As of 12/31/2020 Return to Table of Contents Dated: 12/28/2022 5

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Net of Fees (includes management and trading).

Returns are actual and have not been annualized.No Tax Adjustment.Note that data will not exist prior to the performance inception date of: 03/07/2017.

Period Begin Period End Total Return, Net of Fees Income Return, Net of Fees Price Return, Net of Fees10/01/2020 10/31/2020 0.118% 0.187% -0.069%11/01/2020 11/30/2020 0.200% 0.187% 0.013%12/01/2020 12/31/2020 0.123% 0.178% -0.055%--- --- --- --- ---Account Index Index Start Date Index End DateCity - US Bank - Safekeeping ICE BofA 1-5 Year AAA-A US Corporate Index 11/30/2007 --- Cumulative Investment Returns - TR City - US Bank - Safekeeping (83145) Base Currency: USD 10/01/2020 - 12/31/2020 Return to Table of Contents Dated: 12/28/2022 6

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Index Comparison Summary
Index Comparison Market Sector
Index Comparison DurationIndex Comparison Credit Rating Index Comparison City - US Bank - Safekeeping (83145)10/01/2020 - 12/31/2020 Return to Table of Contents Dated: 12/28/2022 7

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Index Comparison Summary
Risk Metric Portfolio Index DifferenceDuration 1.972 2.701 -0.729Yield 0.713 0.570 0.143Years to Effective Maturity 2.261 2.904 -0.643Years to Final Maturity 2.351 2.904 -0.553Average Credit Rating A+ A --- Footnote: 1 Index Comparison Market Sector
Market Sector Portfolio Index DifferenceGovernment 3.016% 0.000% 3.016%Municipal 16.981% 0.000% 16.981%Financial 43.952% 52.487% -8.535%Industrial 32.679% 42.968% -10.289%Utility 3.044% 4.545% -1.501%Mortgage Backed 0.328% 0.000% 0.328%Cash 0.001% 0.000% 0.001% Footnote: 2
Index Comparison Duration
Duration Portfolio Index Difference< 0 0.000% --- --- 0 - 1 11.736% 2.252% 9.485%1 - 2 39.189% 29.860% 9.329%2 - 3 28.180% 26.515% 1.665%3 - 4 18.983% 26.444% -7.462%4 - 5 1.912% 14.840% -12.928%5 - 7 0.000% 0.088% -0.088%7 - 10 0.000% 0.000% 0.000%10 - 15 0.000% 0.000% 0.000%15 - 30 0.000% 0.000% 0.000%30 + 0.000% --- --- No Duration 0.000% --- --- Footnote: 3 Index Comparison Credit Rating
Credit Rating Portfolio Index DifferenceAAA 3.017% 1.869% 1.148%AA 42.307% 16.051% 26.256%A 46.833% 82.079% -35.246%BBB 4.259% 0.000% 4.259%Non-Invest 0.000% 0.000% 0.000%Not Rated 3.583% 0.000% 3.583% Footnote: 4
Index Comparison City - US Bank - Safekeeping (83145)10/01/2020 - 12/31/2020 Return to Table of Contents Dated: 12/28/2022 8

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Index: ICE BofA 1-5 Year AAA-A US Corporate Index.
1: * Grouped by: Risk Metric. 2: * Grouped by: Market Sector. 3: * Grouped by: Duration. 4: * Grouped by: Credit Rating.

Index Comparison City - US Bank - Safekeeping (83145)10/01/2020 - 12/31/2020 Return to Table of Contents Dated: 12/28/2022 9

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Security Type Description Identifier Trade Date Final Maturity Yield to Maturity Base Current Units Base Original Cost Market Price
Base Market Value Base Accrued
Balance
Base Market Value +
Accrued
CORP 3M CO 88579YBE0 02/06/2019 02/14/2024 0.481 1,000,000.00 997,250.00 100.2363 1,002,363.00 665.72 1,003,028.72CD American Express National Bank 02587DZ76 09/06/2017 09/12/2022 2.439 249,000.00 248,502.00 99.9322 248,831.18 1,817.36 250,648.54CORP APPLE INC 037833CM0 02/17/2017 02/09/2022 0.393 3,000,000.00 3,009,300.00 102.3217 3,069,651.00 29,583.33 3,099,234.33CORP BANK OF NEW YORK MELLON CORP 06406HCV9 11/27/2019 05/15/2024 0.615 2,000,000.00 2,112,300.00 109.2795 2,185,590.00 8,688.89 2,194,278.89CD Barclays Bank Delaware 06740KKD8 09/06/2017 07/12/2022 2.199 248,000.00 248,000.00 100.0000 248,000.00 2,585.99 250,585.99CORP BAYLOR SCOTT & WHITE HOLDINGS 072863AB9 11/27/2019 11/15/2025 1.872 750,000.00 783,997.50 105.6694 792,520.50 2,966.04 795,486.54CORP BERKSHIRE HATHAWAY INC 084670BQ0 03/17/2016 03/15/2021 0.992 600,000.00 607,398.00 100.2465 601,479.00 3,886.67 605,365.67CORP BNP PARIBAS SA 05574LFY9 06/27/2018 03/03/2023 0.412 1,250,000.00 1,238,700.00 106.1377 1,326,721.25 13,315.97 1,340,037.22MUNI CALIFORNIA HSG FIN AGY REV 13034PZJ9 07/05/2017 02/01/2022 0.634 3,000,000.00 3,020,100.00 102.1320 3,063,960.00 32,650.00 3,096,610.00MUNI CALIFORNIA ST 13063DAD0 06/01/2017 04/01/2022 0.255 2,000,000.00 2,021,560.00 102.6340 2,052,680.00 11,835.00 2,064,515.00CORP CAPITAL IMPACT PARTNERS 14020AAH7 01/09/2018 01/15/2023 1.651 1,000,000.00 1,000,000.00 102.0983 1,020,983.00 5,700.00 1,026,683.00CORP CITIBANK NA 17325FAS7 11/27/2019 01/23/2024 0.604 1,000,000.00 1,061,990.00 109.2250 1,092,250.00 16,019.44 1,108,269.44CD Citibank, N.A. 17312QM48 05/31/2018 06/06/2023 3.270 246,000.00 245,754.00 99.9515 245,880.64 569.51 246,450.14MUNI CONTRA COSTA CNTY CALIF REDEV AGY

SUCCESSOR AGY TA
212263AU1 03/04/2020 08/01/2024 0.783 600,000.00 638,430.00 106.9370 641,622.00 6,875.00 648,497.00 CORP COOPERATIEVE RABOBANK UA 21685WDD6 08/21/2017 02/08/2022 0.343 2,000,000.00 2,144,060.00 103.8840 2,077,680.00 30,784.72 2,108,464.72CORP EQUINOR ASA 85771PAX0 11/27/2019 11/10/2024 0.590 1,430,000.00 1,509,651.00 110.1326 1,574,896.18 6,583.96 1,581,480.14CD Essential Federal Credit Union 29670PAA0 12/04/2018 12/05/2023 3.570 245,000.00 244,755.00 99.9415 244,856.70 643.38 245,500.08CORP EXXON MOBIL CORP 30231GBC5 08/28/2019 08/16/2024 0.585 1,000,000.00 1,012,150.00 105.1376 1,051,376.00 7,571.25 1,058,947.25CORP EXXON MOBIL CORP 30231GBC5 10/24/2019 08/16/2024 0.585 500,000.00 505,000.00 105.1376 525,688.00 3,785.63 529,473.63GNMA G2 004636 36202FEH5 06/07/2012 02/20/2040 1.041 91,321.73 91,321.73 112.5780 102,808.19 342.46 103,150.65GNMA G2 004649 36202FEW2 06/07/2012 03/20/2040 --- 30,445.03 30,445.03 108.6474 33,077.74 114.17 33,191.91GNMA GN 354094 36203NKF4 05/29/2012 05/15/2023 1.267 43.25 43.25 105.2798 45.54 0.27 45.81CD Goldman Sachs Bank USA 38148PPJ0 09/07/2017 09/13/2022 2.398 249,000.00 249,000.00 100.0000 249,000.00 1,800.99 250,800.99CORP HSBC HOLDINGS PLC 404280BA6 10/23/2018 05/25/2023 0.444 1,000,000.00 989,560.00 107.5257 1,075,257.00 3,600.00 1,078,857.00CD Industrial and Commercial Bank of China (USA) NA
45581EAK7 09/06/2017 09/20/2022 2.300 247,000.00 247,000.00 100.0000 247,000.00 186.77 247,186.77

SUPRANATIONAL

INTERNATIONAL BANK FORRECONSTRUCTION AND DEVELOPM
459058HC0 10/28/2019 08/06/2024 0.298 1,250,000.00 1,256,875.27 100.3272 1,254,090.00 746.61 1,254,836.61 CORP JPMORGAN CHASE & CO 46625HJT8 02/06/2019 02/01/2024 0.650 1,000,000.00 1,030,370.00 109.8273 1,098,273.00 16,145.83 1,114,418.83CD Maine Savings Bank 560507AN5 11/04/2019 11/08/2024 1.900 249,000.00 249,000.00 100.0000 249,000.00 311.08 249,311.08CD Merrick Bank Corporation 59013KBZ8 08/05/2019 08/09/2024 2.150 249,000.00 249,000.00 100.0000 249,000.00 337.34 249,337.34CORP MICROSOFT CORP 594918BA1 01/09/2018 02/12/2022 0.380 1,000,000.00 998,200.00 102.2152 1,022,152.00 9,170.14 1,031,322.14CD Morgan Stanley Bank, N.A. 61747MG54 01/09/2018 01/18/2022 2.499 246,000.00 246,000.00 100.0000 246,000.00 2,813.84 248,813.84CD Morgan Stanley Private Bank, National Association
61760ASZ3 12/04/2018 12/06/2023 3.570 245,000.00 244,755.00 99.9415 244,856.57 619.55 245,476.12 CD Numerica Credit Union 67054NAP8 12/04/2018 12/21/2023 3.600 249,000.00 249,000.00 100.0000 249,000.00 270.15 249,270.15CORP ORACLE CORP 68389XBL8 10/23/2018 09/15/2023 0.512 1,000,000.00 950,680.00 105.0668 1,050,668.00 7,066.67 1,057,734.67MUNI PASADENA CALIF PENSION OBLIG 70227RAG5 08/28/2019 05/01/2024 0.319 250,000.00 266,375.00 110.0100 275,025.00 1,391.67 276,416.67CASH Receivable CCYUSD --- 12/31/2020 --- 412.38 412.38 1.0000 412.38 0.00 412.38CORP SANOFI SA 801060AC8 06/27/2018 06/19/2023 0.414 1,250,000.00 1,254,825.00 107.2583 1,340,728.75 1,406.25 1,342,135.00MUNI SANTA ROSA CALIF REGL RES AUTH REV
802629AY1 03/04/2020 08/01/2023 0.749 925,000.00 972,933.50 104.7910 969,316.75 10,117.19 979,433.94 CORP SOUTHERN CALIFORNIA EDISON CO 842400GL1 06/04/2018 06/01/2023 1.189 1,200,000.00 1,202,712.00 105.2520 1,263,024.00 3,400.00 1,266,424.00CD Southwest 66 Credit Union 84475BAB1 03/04/2020 03/24/2025 1.300 248,000.00 248,000.00 100.0000 248,000.00 883.29 248,883.29CORP STATE STREET CORP 857477AN3 03/04/2020 12/16/2024 0.508 1,000,000.00 1,089,920.00 110.9280 1,109,280.00 1,375.00 1,110,655.00CD TIAA, FSB 87270LAT0 09/06/2017 09/14/2022 2.198 249,000.00 249,000.00 100.0000 249,000.00 1,575.86 250,575.86CORP TORONTO-DOMINION BANK 89114QBL1 07/13/2016 07/13/2021 0.157 1,000,000.00 999,950.00 100.8754 1,008,754.00 8,400.00 1,017,154.00CORP TOYOTA MOTOR CREDIT CORP 89233P7F7 06/04/2018 01/10/2023 0.380 1,000,000.00 973,770.00 104.5243 1,045,243.00 12,468.75 1,057,711.75CORP U.S. BANCORP 91159HHV5 02/06/2019 02/05/2024 0.580 1,000,000.00 1,010,170.00 108.5591 1,085,591.00 13,687.50 1,099,278.50CD United Credit Union 910160AT7 10/30/2019 12/01/2022 1.950 249,000.00 249,000.00 100.0000 249,000.00 13.30 249,013.30CD VyStar Credit Union 92891CCE0 12/10/2018 12/11/2023 3.650 249,000.00 249,000.00 100.0000 249,000.00 24.90 249,024.90CORP WALMART INC 931142DU4 01/09/2018 12/15/2022 0.308 1,000,000.00 996,500.00 103.9777 1,039,777.00 1,044.44 1,040,821.44 Investment Portfolio Detail - TR City - US Bank - Safekeeping (83145)Base Currency: USD As of 12/31/2020 Return to Table of Contents Dated: 12/28/2022 10

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* Weighted by: Base Market Value + Accrued. * Holdings Displayed by: Lot.

Security Type Description Identifier Trade Date Final Maturity Yield to Maturity Base Current Units Base Original Cost Market Price
Base Market Value Base Accrued
Balance
Base Market Value +
Accrued
CORP WELLS FARGO & CO 949746RS2 03/17/2016 03/04/2021 0.584 500,000.00 504,650.00 100.3342 501,671.00 4,062.50 505,733.50CD Wells Fargo Bank, N.A. 9497485W3 06/08/2016 06/17/2021 2.046 248,000.00 247,504.00 99.8643 247,663.56 178.36 247,841.92--- --- --- --- 05/08/2023 0.763 39,592,222.40 40,244,869.67 104.4685 41,318,742.93 290,082.73 41,608,825.66 Investment Portfolio Detail - TR City - US Bank - Safekeeping (83145)Base Currency: USD As of 12/31/2020 Return to Table of Contents Dated: 12/28/2022 11

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Compliance Summary
Policies: .Rules: .* Compliance Status as of previous business day.

Compliant Account Policy Name Total Rules Compliant Rules Violating Rules Investment Policy Compliance Summary - TR City - US Bank - Safekeeping (83145)As of 12/31/2020 Return to Table of Contents Dated: 12/28/2022 12

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Rules: .

Contributors: .* Viewing Violators Only.* Compliance Status as of previous business day.

Investment Policy Voilations - TR City - US Bank - Safekeeping (83145)As of 12/31/2020 Return to Table of Contents Dated: 12/28/2022 13

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Description Identifier Security Type Effective Date Agency Old Value New Value Event Type BNP PARIBAS SA 05574LFY9 CORP 10/12/2020 Fitch Negative Off Watch ChangedBarclays Bank Delaware 06740KKD8 CD 10/12/2020 Fitch Negative Off Watch ChangedMorgan Stanley Bank, N.A. 61747MG54 CD 10/02/2020 Moodys A1 Aa3 UpgradeMorgan Stanley Bank, N.A. 61747MG54 CD 10/02/2020 Moodys Off Stable Outlook ChangedMorgan Stanley Bank, N.A. 61747MG54 CD 10/02/2020 Moodys Upgrade Off Watch ChangedMorgan Stanley Private Bank, National Association 61760ASZ3 CD 10/02/2020 Moodys A1 Aa3 UpgradeMorgan Stanley Private Bank, National Association 61760ASZ3 CD 10/02/2020 Moodys Off Stable Outlook ChangedMorgan Stanley Private Bank, National Association 61760ASZ3 CD 10/02/2020 Moodys Upgrade Off Watch ChangedTIAA, FSB 87270LAT0 CD 11/20/2020 Fitch NA A+ Upgrade Credit Events - TR City - US Bank - Safekeeping (83145)Base Currency: USD 10/01/2020 - 12/31/2020 Return to Table of Contents Dated: 12/28/2022 14

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Treasurer's Report
City - US Bank - Safekeeping (83145)[01-01-2021]--[03-31-2021]01/01/2021 - 03/31/2021Dated: 12/28/2022Locked Down

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Balance Sheet City - US Bank - Safekeeping
As of: 12/31/2020 03/31/2021
Accumulated Allowance Written Off 0.00 0.00Accumulated Non-Purchased Allowance 0.00 0.00Original Cost less Due 40,244,457.29 39,124,677.26Net Accumulated Amortization/Accretion -238,321.23 -262,048.05Net Accumulated OTTI 0.00 0.00 Book Value less Due 40,006,136.05 38,862,629.20
Due and Accrued 290,495.11 237,521.30
Book Value + Accrued 40,296,631.17 39,100,150.50
Net Unrealized Carrying Value Gain 1,312,194.50 1,087,249.66 Carrying Value and Accrued 41,608,825.66 40,187,400.16
Income Statement City - US Bank - Safekeeping
Begin Date
End Date
01/01/202103/31/2021
Net Amortization/Accretion Income -35,774.82
Interest Income 268,187.92Dividend Income 0.00Foreign Tax Withheld Expense 0.00Misc Income 0.00Net Allowance Expense 0.00 Income Subtotal 268,187.92
Net Realized Gain/Loss 0.00Impairment Loss 0.00
Net Gain/Loss 0.00
Expense 0.00
Net Income 232,413.10Transfers In/Out -1,428,893.76Change in Unrealized Gain/Loss -224,944.84 Statement of Cash Flows City - US Bank - Safekeeping
Begin Date
End Date
01/01/202103/31/2021
Net Income 232,413.10
Amortization/Accretion on MS 35,774.82Change in Accrued on MS 53,745.71Net Gain/Loss on MS 0.00Change in Unrealized G/L on CE 0.00 Subtotal 89,520.53
Purchase of MS 0.00Purchased Accrued of MS 0.00Sales of MS 7,732.03Sold Accrued of MS 0.00Maturities of MS 1,100,000.00 Net Purchases/Sales 1,107,732.03Transfers of Cash & CE -1,428,893.76Total Change in Cash & CE 771.90Beginning Cash & CE 412.38Ending Cash & CE 1,184.28 GAAP Financials City - US Bank - Safekeeping (83145)01/01/2021 - 03/31/2021 Return to Table of Contents Dated: 12/28/2022 1

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% Concentration by Security Type % Concentration by Market Sector % Concentration by Issuer Security Type Base Market Value + Accrued % of Base Market Value + Accrued
CORP 27,806,023.86 69.191%MUNI 7,012,318.04 17.449%CD 3,977,084.70 9.896%SUPRANATIONAL 1,262,034.38 3.140%GNMA 128,754.89 0.320%CASH 1,184.28 0.003%Total 40,187,400.16 100.000% Footnotes: 1,2,3
Market Sector Base Market Value + Accrued % of Base Market Value + Accrued
Financial 17,040,787.31 42.403%Industrial 13,465,825.65 33.508%Municipal 7,012,318.04 17.449%Utility 1,276,495.60 3.176%Government 1,262,034.38 3.140%Mortgage Backed 128,754.89 0.320%Cash 1,184.28 0.003%Total 40,187,400.16 100.000% Footnotes: 2,3,4
Issuer Concentration Base Market Value +
Accrued
% of BaseMarket Value+ Accrued
Other 20,599,896.48 51.260%California Housing Finance Agency 3,064,750.00 7.626%Apple Inc. 3,062,964.33 7.622%The Bank of New York Mellon Corporation 2,189,548.89 5.448%Coöperatieve Rabobank U.A. 2,072,311.72 5.157%State of California 2,067,250.00 5.144%Equinor ASA 1,567,184.43 3.900%Exxon Mobil Corporation 1,564,609.13 3.893%Sanofi 1,342,081.88 3.340%Citigroup Inc. 1,337,691.08 3.329%BNP Paribas SA 1,319,112.22 3.282%Total 40,187,400.16 100.000% Footnotes: 2,3,5
Risk Concentration Summary - TR City - US Bank - Safekeeping (83145)01/01/2021 - 03/31/2021 Return to Table of Contents Dated: 12/28/2022 2

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Risk Concentration Summary - TR City - US Bank - Safekeeping (83145)01/01/2021 - 03/31/2021 Return to Table of Contents Dated: 12/28/2022 3

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Transaction Type Description Identifier Coupon
Rate
Yield to Maturity Trade Date Final Maturity Base Original Units Price Base Principal Principal Paydown G2 004649 36202FEW2 4.500 --- 01/01/2021 03/20/2040 0.00 --- -81.71Principal Paydown G2 004636 36202FEH5 4.500 1.103 01/01/2021 02/20/2040 0.00 --- -3,093.54Principal Paydown GN 354094 36203NKF4 7.500 1.583 01/01/2021 05/15/2023 0.00 --- -1.75Principal Paydown G2 004649 36202FEW2 4.500 --- 02/01/2021 03/20/2040 0.00 --- -82.05Principal Paydown G2 004636 36202FEH5 4.500 0.993 02/01/2021 02/20/2040 0.00 --- -1,746.94Principal Paydown GN 354094 36203NKF4 7.500 1.792 02/01/2021 05/15/2023 0.00 --- -1.77Principal Paydown G2 004649 36202FEW2 4.500 --- 03/01/2021 03/20/2040 0.00 --- -82.23Principal Paydown G2 004636 36202FEH5 4.500 0.928 03/01/2021 02/20/2040 0.00 --- -2,640.26Principal Paydown GN 354094 36203NKF4 7.500 1.821 03/01/2021 05/15/2023 0.00 --- -1.78Maturity WELLS FARGO & CO 949746RS2 2.500 2.469 03/04/2021 03/04/2021 -500,000.00 100.000 -500,000.00Maturity BERKSHIRE HATHAWAY INC 084670BQ0 2.200 1.559 03/15/2021 03/15/2021 -600,000.00 100.000 -600,000.00--- --- --- 2.351 1.966 --- 04/27/2021 -1,100,000.00 --- -1,107,732.03 Investment Activity - TR City - US Bank - Safekeeping (83145)Base Currency: USD 01/01/2021 - 03/31/2021 Return to Table of Contents Dated: 12/28/2022 4

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Net of Fees (includes management and trading).

Returns are actual and have not been annualized.No Tax Adjustment.Note that data will not exist prior to the performance inception date of: 03/07/2017.Reported Index Return is always Total Return.

Period Period Begin Period End Total Return, Net of Fees Price Return, Net of Fees Income Return, Net of Fees Assigned Index ReturnTrailing Month 03/01/2021 03/31/2021 -0.080% -0.268% 0.188% -0.250%Quarter to Date 01/01/2021 03/31/2021 0.017% -0.548% 0.565% -0.609%Year to Date 01/01/2021 03/31/2021 0.017% -0.548% 0.565% -0.609%Since Inception 03/07/2017 03/31/2021 11.532% 3.233% 8.299% 14.630%Account Index Index Start Date Index End DateCity - US Bank - Safekeeping ICE BofA 1-5 Year AAA-A US Corporate Index 11/30/2007 --- Investment Returns - TR City - US Bank - Safekeeping (83145) Base Currency: USD As of 03/31/2021 Return to Table of Contents Dated: 12/28/2022 5

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Net of Fees (includes management and trading).

Returns are actual and have not been annualized.No Tax Adjustment.Note that data will not exist prior to the performance inception date of: 03/07/2017.

Period Begin Period End Total Return, Net of Fees Income Return, Net of Fees Price Return, Net of Fees01/01/2021 01/31/2021 0.075% 0.187% -0.112%02/01/2021 02/28/2021 0.022% 0.189% -0.167%03/01/2021 03/31/2021 -0.080% 0.188% -0.268%--- --- --- --- ---Account Index Index Start Date Index End DateCity - US Bank - Safekeeping ICE BofA 1-5 Year AAA-A US Corporate Index 11/30/2007 --- Cumulative Investment Returns - TR City - US Bank - Safekeeping (83145) Base Currency: USD 01/01/2021 - 03/31/2021 Return to Table of Contents Dated: 12/28/2022 6

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Index Comparison Summary
Index Comparison Market Sector
Index Comparison DurationIndex Comparison Credit Rating Index Comparison City - US Bank - Safekeeping (83145)01/01/2021 - 03/31/2021 Return to Table of Contents Dated: 12/28/2022 7

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Index Comparison Summary
Risk Metric Portfolio Index DifferenceDuration 1.806 2.765 -0.959Yield 0.764 0.853 -0.089Years to Effective Maturity 2.074 2.947 -0.873Years to Final Maturity 2.160 2.947 -0.787Average Credit Rating A+ A --- Footnote: 1 Index Comparison Market Sector
Market Sector Portfolio Index DifferenceGovernment 3.140% 0.000% 3.140%Municipal 17.449% 0.000% 17.449%Financial 42.403% 53.975% -11.571%Industrial 33.508% 41.471% -7.963%Utility 3.176% 4.555% -1.378%Mortgage Backed 0.320% 0.000% 0.320%Cash 0.003% 0.000% 0.003% Footnote: 2
Index Comparison Duration
Duration Portfolio Index Difference< 0 0.000% --- --- 0 - 1 38.080% 2.348% 35.732%1 - 2 14.754% 28.533% -13.778%2 - 3 31.787% 27.719% 4.068%3 - 4 13.352% 25.049% -11.698%4 - 5 2.027% 16.264% -14.237%5 - 7 0.000% 0.087% -0.087%7 - 10 0.000% 0.000% 0.000%10 - 15 0.000% 0.000% 0.000%15 - 30 0.000% 0.000% 0.000%30 + 0.000% --- --- No Duration 0.000% --- --- Footnote: 3 Index Comparison Credit Rating
Credit Rating Portfolio Index DifferenceAAA 3.140% 1.861% 1.280%AA 43.385% 15.448% 27.937%A 43.994% 82.691% -38.698%BBB 5.767% 0.000% 5.767%Non-Invest 0.000% 0.000% 0.000%Not Rated 3.714% 0.000% 3.714% Footnote: 4
Index Comparison City - US Bank - Safekeeping (83145)01/01/2021 - 03/31/2021 Return to Table of Contents Dated: 12/28/2022 8

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Index: ICE BofA 1-5 Year AAA-A US Corporate Index.
1: * Grouped by: Risk Metric. 2: * Grouped by: Market Sector. 3: * Grouped by: Duration. 4: * Grouped by: Credit Rating.

Index Comparison City - US Bank - Safekeeping (83145)01/01/2021 - 03/31/2021 Return to Table of Contents Dated: 12/28/2022 9

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Security Type Description Identifier Trade Date Final Maturity Yield to Maturity Base Current Units Base Original Cost Market Price
Base Market Value Base Accrued
Balance
Base Market Value +
Accrued
CORP 3M CO 88579YBE0 02/06/2019 02/14/2024 0.488 1,000,000.00 997,250.00 100.0501 1,000,501.00 603.47 1,001,104.47CD American Express National Bank 02587DZ76 09/06/2017 09/12/2022 2.440 249,000.00 248,502.00 99.9421 248,855.73 327.45 249,183.18CORP APPLE INC 037833CM0 02/17/2017 02/09/2022 0.462 3,000,000.00 3,009,300.00 101.7377 3,052,131.00 10,833.33 3,062,964.33CORP BANK OF NEW YORK MELLON CORP 06406HCV9 11/27/2019 05/15/2024 0.740 2,000,000.00 2,112,300.00 108.1930 2,163,860.00 25,688.89 2,189,548.89CD Barclays Bank Delaware 06740KKD8 09/06/2017 07/12/2022 2.198 248,000.00 248,000.00 100.0000 248,000.00 1,180.89 249,180.89CORP BAYLOR SCOTT & WHITE HOLDINGS 072863AB9 11/27/2019 11/15/2025 2.401 750,000.00 783,997.50 103.0183 772,637.25 8,769.17 781,406.42CORP BNP PARIBAS SA 05574LFY9 06/27/2018 03/03/2023 0.493 1,250,000.00 1,238,700.00 105.2762 1,315,952.50 3,159.72 1,319,112.22MUNI CALIFORNIA HSG FIN AGY REV 13034PZJ9 07/05/2017 02/01/2022 0.537 3,000,000.00 3,020,100.00 101.7230 3,051,690.00 13,060.00 3,064,750.00MUNI CALIFORNIA ST 13063DAD0 06/01/2017 04/01/2022 0.185 2,000,000.00 2,021,560.00 102.1790 2,043,580.00 23,670.00 2,067,250.00CORP CAPITAL IMPACT PARTNERS 14020AAH7 01/09/2018 01/15/2023 1.204 1,000,000.00 1,000,000.00 102.6442 1,026,442.00 5,700.00 1,032,142.00CORP CITIBANK NA 17325FAS7 11/27/2019 01/23/2024 0.686 1,000,000.00 1,061,990.00 108.2363 1,082,363.00 6,894.44 1,089,257.44CD Citibank, N.A. 17312QM48 05/31/2018 06/06/2023 3.268 246,000.00 245,754.00 99.9564 245,892.76 2,540.88 248,433.64MUNI CONTRA COSTA CNTY CALIF REDEV AGY

SUCCESSOR AGY TA
212263AU1 03/04/2020 08/01/2024 0.960 600,000.00 638,430.00 105.8590 635,154.00 2,750.00 637,904.00 CORP COOPERATIEVE RABOBANK UA 21685WDD6 08/21/2017 02/08/2022 0.297 2,000,000.00 2,144,060.00 103.0451 2,060,902.00 11,409.72 2,072,311.72CORP EQUINOR ASA 85771PAX0 11/27/2019 11/10/2024 0.901 1,430,000.00 1,509,651.00 108.3204 1,548,981.72 18,202.71 1,567,184.43CD Essential Federal Credit Union 29670PAA0 12/04/2018 12/05/2023 3.568 245,000.00 244,755.00 99.9464 244,868.78 2,787.97 247,656.74CORP EXXON MOBIL CORP 30231GBC5 08/28/2019 08/16/2024 0.799 1,000,000.00 1,012,150.00 104.0549 1,040,549.00 2,523.75 1,043,072.75CORP EXXON MOBIL CORP 30231GBC5 10/24/2019 08/16/2024 0.799 500,000.00 505,000.00 104.0549 520,274.50 1,261.88 521,536.38GNMA G2 004636 36202FEH5 06/07/2012 02/20/2040 0.793 83,840.99 83,840.99 113.5471 95,198.99 314.40 95,513.40GNMA G2 004649 36202FEW2 06/07/2012 03/20/2040 --- 30,199.04 30,199.04 109.5673 33,088.27 113.25 33,201.52GNMA GN 354094 36203NKF4 05/29/2012 05/15/2023 1.197 37.95 37.95 104.7159 39.74 0.24 39.98CD Goldman Sachs Bank USA 38148PPJ0 09/07/2017 09/13/2022 2.399 249,000.00 249,000.00 100.0000 249,000.00 311.08 249,311.08CORP HSBC HOLDINGS PLC 404280BA6 10/23/2018 05/25/2023 0.592 1,000,000.00 989,560.00 106.4155 1,064,155.00 12,600.00 1,076,755.00CD Industrial and Commercial Bank of China (USA) NA
45581EAK7 09/06/2017 09/20/2022 2.300 247,000.00 247,000.00 100.0000 247,000.00 186.77 247,186.77

SUPRANATIONAL

INTERNATIONAL BANK FORRECONSTRUCTION AND DEVELOPM
459058HC0 10/28/2019 08/06/2024 0.040 1,250,000.00 1,256,875.27 100.9155 1,261,443.75 590.63 1,262,034.38 CORP JPMORGAN CHASE & CO 46625HJT8 02/06/2019 02/01/2024 0.672 1,000,000.00 1,030,370.00 108.9749 1,089,749.00 6,458.33 1,096,207.33CD Maine Savings Bank 560507AN5 11/04/2019 11/08/2024 1.900 249,000.00 249,000.00 100.0000 249,000.00 311.08 249,311.08CD Merrick Bank Corporation 59013KBZ8 08/05/2019 08/09/2024 2.150 249,000.00 249,000.00 100.0000 249,000.00 337.34 249,337.34CORP MICROSOFT CORP 594918BA1 01/09/2018 02/12/2022 0.419 1,000,000.00 998,200.00 101.6850 1,016,850.00 3,232.64 1,020,082.64CD Morgan Stanley Bank, N.A. 61747MG54 01/09/2018 01/18/2022 2.495 246,000.00 246,000.00 100.0000 246,000.00 1,230.00 247,230.00CD Morgan Stanley Private Bank, National Association
61760ASZ3 12/04/2018 12/06/2023 3.568 245,000.00 244,755.00 99.9464 244,868.64 2,764.14 247,632.78 CD Numerica Credit Union 67054NAP8 12/04/2018 12/21/2023 3.600 249,000.00 249,000.00 100.0000 249,000.00 270.15 249,270.15CORP ORACLE CORP 68389XBL8 10/23/2018 09/15/2023 0.743 1,000,000.00 950,680.00 104.0239 1,040,239.00 1,066.67 1,041,305.67MUNI PASADENA CALIF PENSION OBLIG 70227RAG5 08/28/2019 05/01/2024 0.497 250,000.00 266,375.00 108.6890 271,722.50 3,479.17 275,201.67CASH Receivable CCYUSD --- 03/31/2021 --- 1,184.28 1,184.28 1.0000 1,184.28 0.00 1,184.28CORP SANOFI SA 801060AC8 06/27/2018 06/19/2023 0.465 1,250,000.00 1,254,825.00 106.4103 1,330,128.75 11,953.13 1,342,081.88MUNI SANTA ROSA CALIF REGL RES AUTH REV
802629AY1 03/04/2020 08/01/2023 0.835 925,000.00 972,933.50 104.1260 963,165.50 4,046.88 967,212.38 CORP SOUTHERN CALIFORNIA EDISON CO 842400GL1 06/04/2018 06/01/2023 0.950 1,200,000.00 1,202,712.00 105.2413 1,262,895.60 13,600.00 1,276,495.60CD Southwest 66 Credit Union 84475BAB1 03/04/2020 03/24/2025 1.300 248,000.00 248,000.00 100.0000 248,000.00 79.50 248,079.50CORP STATE STREET CORP 857477AN3 03/04/2020 12/16/2024 0.888 1,000,000.00 1,089,920.00 108.7770 1,087,770.00 9,625.00 1,097,395.00CD TIAA, FSB 87270LAT0 09/06/2017 09/14/2022 2.199 249,000.00 249,000.00 100.0000 249,000.00 210.12 249,210.12CORP TORONTO-DOMINION BANK 89114QBL1 07/13/2016 07/13/2021 0.268 1,000,000.00 999,950.00 100.4334 1,004,334.00 3,900.00 1,008,234.00CORP TOYOTA MOTOR CREDIT CORP 89233P7F7 06/04/2018 01/10/2023 0.438 1,000,000.00 973,770.00 103.8625 1,038,625.00 5,906.25 1,044,531.25CORP U.S. BANCORP 91159HHV5 02/06/2019 02/05/2024 0.622 1,000,000.00 1,010,170.00 107.7489 1,077,489.00 5,250.00 1,082,739.00CD United Credit Union 910160AT7 10/30/2019 12/01/2022 1.950 249,000.00 249,000.00 100.0000 249,000.00 13.30 249,013.30CD VyStar Credit Union 92891CCE0 12/10/2018 12/11/2023 3.650 249,000.00 249,000.00 100.0000 249,000.00 24.90 249,024.90CORP WALMART INC 931142DU4 01/09/2018 12/15/2022 0.370 1,000,000.00 996,500.00 103.3636 1,033,636.00 6,919.44 1,040,555.44CD Wells Fargo Bank, National Association 9497485W3 06/08/2016 06/17/2021 2.043 248,000.00 247,504.00 99.9374 247,844.88 178.36 248,023.23 Investment Portfolio Detail - TR City - US Bank - Safekeeping (83145)Base Currency: USD As of 03/31/2021 Return to Table of Contents Dated: 12/28/2022 10

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* Weighted by: Base Market Value + Accrued. * Holdings Displayed by: Lot.

Security Type Description Identifier Trade Date Final Maturity Yield to Maturity Base Current Units Base Original Cost Market Price
Base Market Value Base Accrued
Balance
Base Market Value +
Accrued
--- --- --- --- 05/29/2023 0.807 38,485,262.26 39,125,861.54 103.8931 39,951,063.14 236,337.02 40,187,400.16 Investment Portfolio Detail - TR City - US Bank - Safekeeping (83145)Base Currency: USD As of 03/31/2021 Return to Table of Contents Dated: 12/28/2022 11

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Compliance Summary
Policies: .Rules: .* Compliance Status as of previous business day.

Compliant Account Policy Name Total Rules Compliant Rules Violating Rules Investment Policy Compliance Summary - TR City - US Bank - Safekeeping (83145)As of 03/31/2021 Return to Table of Contents Dated: 12/28/2022 12

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Rules: .

Contributors: .* Viewing Violators Only.* Compliance Status as of previous business day.

Investment Policy Voilations - TR City - US Bank - Safekeeping (83145)As of 03/31/2021 Return to Table of Contents Dated: 12/28/2022 13

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Description Identifier Security Type Effective Date Agency Old Value New Value Event Type Barclays Bank Delaware 06740KKD8 CD 02/26/2021 S&P Negative Stable Outlook ChangedCOOPERATIEVE RABOBANK UA 21685WDD6 CORP 03/29/2021 DBRS AA AA (low) DowngradeCOOPERATIEVE RABOBANK UA 21685WDD6 CORP 03/29/2021 DBRS Negative Stable Outlook ChangedEXXON MOBIL CORP 30231GBC5 CORP 01/26/2021 S&P Off Negative Watch ChangedEXXON MOBIL CORP 30231GBC5 CORP 02/11/2021 S&P AA AA- DowngradeEXXON MOBIL CORP 30231GBC5 CORP 02/11/2021 S&P Negative Off Watch ChangedEXXON MOBIL CORP 30231GBC5 CORP 03/23/2021 Moodys Aa1 Aa2 DowngradeHSBC HOLDINGS PLC 404280BA6 CORP 03/08/2021 Moodys Negative Off Outlook ChangedHSBC HOLDINGS PLC 404280BA6 CORP 03/08/2021 Moodys Off Downgrade Watch ChangedORACLE CORP 68389XBL8 CORP 03/22/2021 Moodys A3 Baa2 DowngradeORACLE CORP 68389XBL8 CORP 03/22/2021 Fitch A- BBB+ DowngradeU.S. BANCORP 91159HHV5 CORP 03/16/2021 Moodys Negative Off Outlook ChangedU.S. BANCORP 91159HHV5 CORP 03/16/2021 Moodys Off Downgrade Watch Changed Credit Events - TR City - US Bank - Safekeeping (83145)Base Currency: USD 01/01/2021 - 03/31/2021 Return to Table of Contents Dated: 12/28/2022 14

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Treasurer's Report
City - US Bank - Safekeeping (83145)[04-01-2021]--[06-30-2021]04/01/2021 - 06/30/2021Dated: 12/28/2022Locked Down

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Balance Sheet City - US Bank - Safekeeping
As of: 03/31/2021 06/30/2021
Accumulated Allowance Written Off 0.00 0.00Accumulated Non-Purchased Allowance 0.00 0.00Original Cost less Due 39,124,677.26 38,606,429.96Net Accumulated Amortization/Accretion -262,048.05 -298,284.90Net Accumulated OTTI 0.00 0.00 Book Value less Due 38,862,629.20 38,308,145.05
Due and Accrued 237,521.30 280,929.66
Book Value + Accrued 39,100,150.50 38,589,074.71
Net Unrealized Carrying Value Gain 1,087,249.66 985,675.83 Carrying Value and Accrued 40,187,400.16 39,574,750.54
Income Statement City - US Bank - Safekeeping
Begin Date
End Date
04/01/202106/30/2021
Net Amortization/Accretion Income -35,740.85
Interest Income 263,090.90Dividend Income 0.00Foreign Tax Withheld Expense 0.00Misc Income 0.00Net Allowance Expense 0.00 Income Subtotal 263,090.90
Net Realized Gain/Loss 0.00Impairment Loss 0.00
Net Gain/Loss 0.00
Expense 0.00
Net Income 227,350.05Transfers In/Out -738,425.84Change in Unrealized Gain/Loss -101,573.83 Statement of Cash Flows City - US Bank - Safekeeping
Begin Date
End Date
04/01/202106/30/2021
Net Income 227,350.05
Amortization/Accretion on MS 35,740.85Change in Accrued on MS -44,193.56Net Gain/Loss on MS 0.00Change in Unrealized G/L on CE 0.00 Subtotal -8,452.71
Purchase of MS 0.00Purchased Accrued of MS 0.00Sales of MS 22,743.30Sold Accrued of MS 0.00Maturities of MS 496,000.00 Net Purchases/Sales 518,743.30Transfers of Cash & CE -738,425.84Total Change in Cash & CE -785.20Beginning Cash & CE 1,184.28Ending Cash & CE 399.08 GAAP Financials City - US Bank - Safekeeping (83145)04/01/2021 - 06/30/2021 Return to Table of Contents Dated: 12/28/2022 1

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% Concentration by Security Type % Concentration by Market Sector % Concentration by Issuer Security Type Base Market Value + Accrued % of Base Market Value + Accrued
CORP 27,736,854.97 70.087%MUNI 6,995,323.60 17.676%CD 3,481,884.72 8.798%SUPRANATIONAL 1,258,143.75 3.179%GNMA 102,144.42 0.258%CASH 399.08 0.001%Total 39,574,750.54 100.000% Footnotes: 1,2,3
Market Sector Base Market Value + Accrued % of Base Market Value + Accrued
Financial 16,504,792.33 41.705%Industrial 13,452,024.55 33.991%Municipal 6,995,323.60 17.676%Utility 1,261,922.80 3.189%Government 1,258,143.75 3.179%Mortgage Backed 102,144.42 0.258%Cash 399.08 0.001%Total 39,574,750.54 100.000% Footnotes: 2,3,4
Issuer Concentration Base Market Value +
Accrued
% of BaseMarket Value+ Accrued
Other 20,048,350.64 50.659%California Housing Finance Agency 3,070,090.00 7.758%Apple Inc. 3,065,421.33 7.746%The Bank of New York Mellon Corporation 2,163,886.89 5.468%Coöperatieve Rabobank U.A. 2,074,732.72 5.243%State of California 2,045,215.00 5.168%Exxon Mobil Corporation 1,571,083.88 3.970%Equinor ASA 1,552,575.55 3.923%Citigroup Inc. 1,337,456.07 3.380%Sanofi 1,323,021.25 3.343%BNP Paribas SA 1,322,917.22 3.343%Total 39,574,750.54 100.000% Footnotes: 2,3,5
Risk Concentration Summary - TR City - US Bank - Safekeeping (83145)04/01/2021 - 06/30/2021 Return to Table of Contents Dated: 12/28/2022 2

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Risk Concentration Summary - TR City - US Bank - Safekeeping (83145)04/01/2021 - 06/30/2021 Return to Table of Contents Dated: 12/28/2022 3

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Net of Fees (includes management and trading).

Returns are actual and have not been annualized.No Tax Adjustment.Note that data will not exist prior to the performance inception date of: 03/07/2017.Reported Index Return is always Total Return.

Period Period Begin Period End Total Return, Net of Fees Price Return, Net of Fees Income Return, Net of Fees Assigned Index ReturnTrailing Month 06/01/2021 06/30/2021 -0.083% -0.272% 0.189% -0.140%Quarter to Date 04/01/2021 06/30/2021 0.314% -0.255% 0.568% 0.607%Year to Date 01/01/2021 06/30/2021 0.331% -0.802% 1.133% -0.006%Since Inception 03/07/2017 06/30/2021 11.882% 2.949% 8.933% 15.325%Account Index Index Start Date Index End DateCity - US Bank - Safekeeping ICE BofA 1-5 Year AAA-A US Corporate Index 11/30/2007 --- Investment Returns - TR City - US Bank - Safekeeping (83145) Base Currency: USD As of 06/30/2021 Return to Table of Contents Dated: 12/28/2022 5

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Net of Fees (includes management and trading).

Returns are actual and have not been annualized.No Tax Adjustment.Note that data will not exist prior to the performance inception date of: 03/07/2017.

Period Begin Period End Total Return, Net of Fees Income Return, Net of Fees Price Return, Net of Fees04/01/2021 04/30/2021 0.196% 0.189% 0.007%05/01/2021 05/31/2021 0.201% 0.189% 0.012%06/01/2021 06/30/2021 -0.083% 0.189% -0.272%--- --- --- --- ---Account Index Index Start Date Index End DateCity - US Bank - Safekeeping ICE BofA 1-5 Year AAA-A US Corporate Index 11/30/2007 --- Cumulative Investment Returns - TR City - US Bank - Safekeeping (83145) Base Currency: USD 04/01/2021 - 06/30/2021 Return to Table of Contents Dated: 12/28/2022 6

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Index Comparison Summary
Index Comparison Market Sector
Index Comparison DurationIndex Comparison Credit Rating Index Comparison City - US Bank - Safekeeping (83145)04/01/2021 - 06/30/2021 Return to Table of Contents Dated: 12/28/2022 7

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Index Comparison Summary
Risk Metric Portfolio Index DifferenceDuration 1.601 2.807 -1.206Yield 0.704 0.795 -0.091Years to Effective Maturity 1.825 2.991 -1.166Years to Final Maturity 1.900 2.991 -1.091Average Credit Rating A+ A --- Footnote: 1 Index Comparison Market Sector
Market Sector Portfolio Index DifferenceGovernment 3.179% 0.000% 3.179%Municipal 17.676% 0.000% 17.676%Financial 41.705% 56.235% -14.530%Industrial 33.991% 39.192% -5.200%Utility 3.189% 4.573% -1.384%Mortgage Backed 0.258% 0.000% 0.258%Cash 0.001% 0.000% 0.001% Footnote: 2
Index Comparison Duration
Duration Portfolio Index Difference< 0 0.000% --- --- 0 - 1 37.394% 1.891% 35.503%1 - 2 27.493% 28.622% -1.129%2 - 3 24.962% 25.152% -0.189%3 - 4 10.150% 26.280% -16.130%4 - 5 0.000% 18.056% -18.056%5 - 7 0.000% 0.000% 0.000%7 - 10 0.000% 0.000% 0.000%10 - 15 0.000% 0.000% 0.000%15 - 30 0.000% 0.000% 0.000%30 + 0.000% --- --- No Duration 0.000% --- --- Footnote: 3 Index Comparison Credit Rating
Credit Rating Portfolio Index DifferenceAAA 5.759% 1.796% 3.963%AA 40.726% 16.193% 24.533%A 44.550% 82.011% -37.461%BBB 5.827% 0.000% 5.827%Non-Invest 0.000% 0.000% 0.000%Not Rated 3.139% 0.000% 3.139% Footnote: 4
Index Comparison City - US Bank - Safekeeping (83145)04/01/2021 - 06/30/2021 Return to Table of Contents Dated: 12/28/2022 8

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Index: ICE BofA 1-5 Year AAA-A US Corporate Index.
1: * Grouped by: Risk Metric. 2: * Grouped by: Market Sector. 3: * Grouped by: Duration. 4: * Grouped by: Credit Rating.

Index Comparison City - US Bank - Safekeeping (83145)04/01/2021 - 06/30/2021 Return to Table of Contents Dated: 12/28/2022 9

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Security Type Description Identifier Trade Date Final Maturity Yield to Maturity Base Current Units Base Original Cost Market Price
Base Market Value Base Accrued
Balance
Base Market Value +
Accrued
CORP 3M CO 88579YBE0 02/06/2019 02/14/2024 0.236 1,000,000.00 997,250.00 100.5665 1,005,665.00 605.51 1,006,270.51CD American Express National Bank 02587DZ76 09/06/2017 09/12/2022 2.438 249,000.00 248,502.00 99.9520 248,880.55 1,817.36 250,697.90CORP APPLE INC 037833CM0 02/17/2017 02/09/2022 0.530 3,000,000.00 3,009,300.00 101.1946 3,035,838.00 29,583.33 3,065,421.33CORP BANK OF NEW YORK MELLON CORP 06406HCV9 11/27/2019 05/15/2024 0.670 2,000,000.00 2,112,300.00 107.7599 2,155,198.00 8,688.89 2,163,886.89CD Barclays Bank Delaware 06740KKD8 09/06/2017 07/12/2022 2.199 248,000.00 248,000.00 100.0000 248,000.00 2,541.15 250,541.15CORP BAYLOR SCOTT & WHITE HOLDINGS 072863AB9 11/27/2019 11/15/2025 1.837 750,000.00 783,997.50 105.2660 789,495.00 2,966.04 792,461.04CORP BNP PARIBAS SA 05574LFY9 06/27/2018 03/03/2023 0.391 1,250,000.00 1,238,700.00 104.7681 1,309,601.25 13,315.97 1,322,917.22MUNI CALIFORNIA HSG FIN AGY REV 13034PZJ9 07/05/2017 02/01/2022 0.477 3,000,000.00 3,020,100.00 101.2480 3,037,440.00 32,650.00 3,070,090.00MUNI CALIFORNIA ST 13063DAD0 06/01/2017 04/01/2022 0.148 2,000,000.00 2,021,560.00 101.6690 2,033,380.00 11,835.00 2,045,215.00CORP CAPITAL IMPACT PARTNERS 14020AAH7 01/09/2018 01/15/2023 1.235 1,000,000.00 1,000,000.00 102.2335 1,022,335.00 5,700.00 1,028,035.00CORP CITIBANK NA 17325FAS7 11/27/2019 01/23/2024 0.694 1,000,000.00 1,061,990.00 107.4984 1,074,984.00 16,019.44 1,091,003.44CD Citibank, N.A. 17312QM48 05/31/2018 06/06/2023 3.269 246,000.00 245,754.00 99.9614 245,905.02 547.60 246,452.62MUNI CONTRA COSTA CNTY CALIF REDEV AGY

SUCCESSOR AGY TA
212263AU1 03/04/2020 08/01/2024 0.969 600,000.00 638,430.00 105.4010 632,406.00 6,875.00 639,281.00 CORP COOPERATIEVE RABOBANK UA 21685WDD6 08/21/2017 02/08/2022 0.241 2,000,000.00 2,144,060.00 102.1974 2,043,948.00 30,784.72 2,074,732.72CORP EQUINOR ASA 85771PAX0 11/27/2019 11/10/2024 0.799 1,430,000.00 1,509,651.00 108.1113 1,545,991.59 6,583.96 1,552,575.55CD Essential Federal Credit Union 29670PAA0 12/04/2018 12/05/2023 3.569 245,000.00 244,755.00 99.9514 244,880.99 619.55 245,500.54CORP EXXON MOBIL CORP 30231GBC5 08/28/2019 08/16/2024 0.729 1,000,000.00 1,012,150.00 103.9818 1,039,818.00 7,571.25 1,047,389.25CORP EXXON MOBIL CORP 30231GBC5 10/24/2019 08/16/2024 0.729 500,000.00 505,000.00 103.9818 519,909.00 3,785.63 523,694.63GNMA G2 004636 36202FEH5 06/07/2012 02/20/2040 1.760 76,123.91 76,123.91 112.1239 85,353.07 285.46 85,638.53GNMA G2 004649 36202FEW2 06/07/2012 03/20/2040 --- 15,178.23 15,178.23 108.1476 16,414.89 56.92 16,471.81GNMA GN 354094 36203NKF4 05/29/2012 05/15/2023 1.158 32.54 32.54 104.1086 33.88 0.20 34.08CD Goldman Sachs Bank USA 38148PPJ0 09/07/2017 09/13/2022 2.397 249,000.00 249,000.00 100.0000 249,000.00 1,800.99 250,800.99CORP HSBC HOLDINGS PLC 404280BA6 10/23/2018 05/25/2023 0.499 1,000,000.00 989,560.00 105.8650 1,058,650.00 3,600.00 1,062,250.00CD Industrial and Commercial Bank of China (USA), Nat
45581EAK7 09/06/2017 09/20/2022 2.300 247,000.00 247,000.00 100.0000 247,000.00 171.21 247,171.21

SUPRANATIONAL

INTERNATIONAL BANK FORRECONSTRUCTION AND DEVELOPM
459058HC0 10/28/2019 08/06/2024 0.158 1,250,000.00 1,256,875.27 100.6025 1,257,531.25 612.50 1,258,143.75 CORP JPMORGAN CHASE & CO 46625HJT8 02/06/2019 02/01/2024 0.610 1,000,000.00 1,030,370.00 108.3636 1,083,636.00 16,145.83 1,099,781.83CD Maine Savings Bank 560507AN5 11/04/2019 11/08/2024 1.900 249,000.00 249,000.00 100.0000 249,000.00 298.12 249,298.12CD Merrick Bank Corporation 59013KBZ8 08/05/2019 08/09/2024 2.150 249,000.00 249,000.00 100.0000 249,000.00 322.68 249,322.68CORP MICROSOFT CORP 594918BA1 01/09/2018 02/12/2022 0.511 1,000,000.00 998,200.00 101.1457 1,011,457.00 9,170.14 1,020,627.14CD Morgan Stanley Bank, N.A. 61747MG54 01/09/2018 01/18/2022 2.497 246,000.00 246,000.00 100.0000 246,000.00 2,763.29 248,763.29CD Morgan Stanley Private Bank, National Association
61760ASZ3 12/04/2018 12/06/2023 3.569 245,000.00 244,755.00 99.9514 244,880.85 595.72 245,476.57 CD Numerica Credit Union 67054NAP8 12/04/2018 12/21/2023 3.600 249,000.00 249,000.00 100.0000 249,000.00 245.59 249,245.59CORP ORACLE CORP 68389XBL8 10/23/2018 09/15/2023 0.711 1,000,000.00 950,680.00 103.6944 1,036,944.00 7,066.67 1,044,010.67MUNI PASADENA CALIF PENSION OBLIG 70227RAG5 08/28/2019 05/01/2024 0.539 250,000.00 266,375.00 107.8720 269,680.00 1,391.67 271,071.67CASH Receivable CCYUSD --- 06/30/2021 --- 399.08 399.08 1.0000 399.08 0.00 399.08CORP SANOFI SA 801060AC8 06/27/2018 06/19/2023 0.450 1,250,000.00 1,254,825.00 105.7292 1,321,615.00 1,406.25 1,323,021.25MUNI SANTA ROSA CALIF REGL RES AUTH REV
802629AY1 03/04/2020 08/01/2023 0.815 925,000.00 972,933.50 103.7350 959,548.75 10,117.19 969,665.94 CORP SOUTHERN CALIFORNIA EDISON CO 842400GL1 06/04/2018 06/01/2023 0.833 1,200,000.00 1,202,712.00 104.8769 1,258,522.80 3,400.00 1,261,922.80CORP STATE STREET CORP 857477AN3 03/04/2020 12/16/2024 0.769 1,000,000.00 1,089,920.00 108.6288 1,086,288.00 1,375.00 1,087,663.00CD TIAA, FSB 87270LAT0 09/06/2017 09/14/2022 2.197 249,000.00 249,000.00 100.0000 249,000.00 1,575.86 250,575.86CORP TORONTO-DOMINION BANK 89114QBL1 07/13/2016 07/13/2021 0.483 1,000,000.00 999,950.00 100.0474 1,000,474.00 8,400.00 1,008,874.00CORP TOYOTA MOTOR CREDIT CORP 89233P7F7 06/04/2018 01/10/2023 0.337 1,000,000.00 973,770.00 103.4843 1,034,843.00 12,468.75 1,047,311.75CD United Credit Union 910160AT7 10/30/2019 12/01/2022 1.950 249,000.00 249,000.00 100.0000 249,000.00 13.30 249,013.30CORP US BANCORP 91159HHV5 02/06/2019 02/05/2024 0.650 1,000,000.00 1,010,170.00 107.0076 1,070,076.00 13,687.50 1,083,763.50CD VyStar Credit Union 92891CCE0 12/10/2018 12/11/2023 3.650 249,000.00 249,000.00 100.0000 249,000.00 24.90 249,024.90CORP WALMART INC 931142DU4 01/09/2018 12/15/2022 0.409 1,000,000.00 996,500.00 102.8197 1,028,197.00 1,044.44 1,029,241.44--- --- --- --- 05/25/2023 0.762 37,965,733.76 38,606,829.04 103.5744 39,294,219.97 280,530.58 39,574,750.54 Investment Portfolio Detail - TR City - US Bank - Safekeeping (83145)Base Currency: USD As of 06/30/2021 Return to Table of Contents Dated: 12/28/2022 10

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* Weighted by: Base Market Value + Accrued. * Holdings Displayed by: Lot.

Investment Portfolio Detail - TR City - US Bank - Safekeeping (83145)Base Currency: USD As of 06/30/2021 Return to Table of Contents Dated: 12/28/2022 11

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Compliance Summary
Policies: .Rules: .* Compliance Status as of previous business day.

Compliant Account Policy Name Total Rules Compliant Rules Violating Rules Investment Policy Compliance Summary - TR City - US Bank - Safekeeping (83145)As of 06/30/2021 Return to Table of Contents Dated: 12/28/2022 12

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Rules: .

Contributors: .* Viewing Violators Only.* Compliance Status as of previous business day.

Investment Policy Voilations - TR City - US Bank - Safekeeping (83145)As of 06/30/2021 Return to Table of Contents Dated: 12/28/2022 13

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Description Identifier Security Type Effective Date Agency Old Value New Value Event Type Barclays Bank Delaware 06740KKD8 CD 06/24/2021 S&P Stable Positive Outlook ChangedHSBC HOLDINGS PLC 404280BA6 CORP 06/08/2021 Moodys A2 A3 DowngradeHSBC HOLDINGS PLC 404280BA6 CORP 06/08/2021 Moodys Off Stable Outlook ChangedHSBC HOLDINGS PLC 404280BA6 CORP 06/08/2021 Moodys Downgrade Off Watch ChangedMaine Savings Bank 560507AN5 CD 05/24/2021 S&P Stable Positive Outlook ChangedMICROSOFT CORP 594918BA1 CORP 04/01/2021 Fitch AA+ AAA UpgradeORACLE CORP 68389XBL8 CORP 06/22/2021 S&P A BBB+ DowngradeUS BANCORP 91159HHV5 CORP 06/18/2021 DBRS Negative Stable Outlook Changed Credit Events - TR City - US Bank - Safekeeping (83145)Base Currency: USD 04/01/2021 - 06/30/2021 Return to Table of Contents Dated: 12/28/2022 14

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CONSENT CALENDAR

CITY OF SHAFTER

RECOMMENDATION
Council find proposed activity is not subject to the California Environmental Quality Act (CEQA); and accept the Treasurer’s Report for the year 2021/2022.

ANALYSIS
N/A

FISCAL IMPACT
There is no fiscal impact resulting from the acceptance of the monthly Treasurer’s Report.

APPROVED BY THE CITY ATTORNEY
No

ALTERNATIVES
N/A

NEXT STEPS
N/A

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RECEIVE AND FILE TREASURER'S REPORT: FISCAL YEAR 2021/2022 - 2 -

ATTACHMENTS

1. Fiscal Year 2021-2022 Cash Balance by Fund

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City Of Shafter
Fiscal Year 21/22 (Unaudited)
Quarterly Cash Balances
Fund Fund Desc
21Q3
Balance
21Q4
Balance
22Q1
Balance 22Q2 Balance
0100 General Fund 59,890,610 61,280,163 60,370,395 62,778,243 0200 Federal Grant 2,526,125 2,524,979 2,530,423 2,563,509 0201 Traffic Safety 183,802 185,124 201,103 228,895
0202 Supp. Law Enforcement Fund 253,359 352,492 378,900 379,744 0203 Gas Tax 1,487,191 1,644,402 1,720,677 1,837,439
0204 Tran. Dev. Act - Streets 994,826 880,133 849,983 791,916 0205 Special Police Services 3,622 3,630 3,643 3,651
0206 Asset Forfeitures 198,721 199,145 199,880 200,325
0207 Road Maint & Rehab. Acct 74,259 179,644 277,538 380,079 0209 Community Develop. Block Grant (4,207) (4,207) (4,207) (4,207) 0211 Low Moderate Income Housing 1,765,137 1,768,911 1,775,438 1,779,385 0300 Asset Replacement 4,622,620 4,632,503 4,649,596 4,659,932 0301 Wastewater Connection 7,063,383 7,262,165 7,539,117 7,883,207 0302 Refuse Connection 308,082 308,912 310,052 310,913
0303 Water Connection 1,412,805 1,435,817 1,453,048 1,507,235 0304 Park Mitigation 59,582 64,281 64,518 71,521
0305 Traffic Mitigation 11,994,091 12,199,308 12,331,351 12,683,667 0306 Median Mitigation 106,686 106,914 107,309 107,547
0307 MCCF Asset Replacement 157,991 158,329 158,913 159,266 08XX LLMD 924,068 1,162,965 1,039,041 1,263,406
5000 Wastewater Operations 2,838,315 2,996,713 2,995,983 2,952,689 5001 Refuse Operations (32,798) 38,173 123,736 366,510
5002 Water Operations 1,508,606 2,053,733 1,390,607 1,439,655 5003 Transit Operations (407,171) (208,394) (165,164) (225,372) 5004 Telecommunications Operations (738,608) (723,095) (721,366) (756,270) 5005 MCCF Operations (2,404,269) (2,641,030) (2,640,789) (2,773,714) 5006 Rail Operations (1,420,471) (1,466,351) (1,491,041) (1,510,797) 5100 Facility Maintenance 72 (4,727) (50,947) (62,153)
5101 Vehicle Maintenance 49,901 53,488 75,402 115,320
5102 Risk Management (501,281) 357,934 (3,795) 195,140
5103 Information Technology 150,039 227,255 143,516 161,597 8000 North Park/North Shafter AD 89,624 97,953 97,345 104,757 8001 MCCF Inmate Welfare 1,525 1,525 1,525 1,525
8003 MCCF Inmate Trust (10,942) (10,942) (10,942) (10,942) 8100 RDA Obligation Retirement 1,192,795 787,658 787,658 1,324,645 Totals 94,338,090 97,905,502 96,488,447 100,908,262
$59.9 $61.3 $60.4 $62.8
$34.5 $36.6 $36.1 $38.1
$-
$20.0
$40.0
$60.0
$80.0
$100.0
$120.0
21Q3 Balance 21Q4 Balance 22Q1 Balance 22Q2 Balance
Million USD
General Funds Other Funds

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Treasurer's Report
City - US Bank - Safekeeping (83145)[07-01-2021]--[09-30-2021]07/01/2021 - 09/30/2021Dated: 12/28/2022Locked Down

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Balance Sheet City - US Bank - Safekeeping
As of: 06/30/2021 09/30/2021
Accumulated Allowance Written Off 0.00 0.00Accumulated Non-Purchased Allowance 0.00 0.00Original Cost less Due 38,606,429.96 50,518,685.08Net Accumulated Amortization/Accretion -298,284.90 -334,274.28Net Accumulated OTTI 0.00 0.00 Book Value less Due 38,308,145.05 50,184,410.80
Due and Accrued 280,929.66 233,318.07
Book Value + Accrued 38,589,074.71 50,417,728.87
Net Unrealized Carrying Value Gain 985,675.83 794,125.14 Carrying Value and Accrued 39,574,750.54 51,211,854.01
Income Statement City - US Bank - Safekeeping
Begin Date
End Date
07/01/202109/30/2021
Net Amortization/Accretion Income -35,939.38
Interest Income 258,099.28Dividend Income 0.00Foreign Tax Withheld Expense 0.00Misc Income 0.00Net Allowance Expense 0.00 Income Subtotal 258,099.28
Net Realized Gain/Loss 0.00Impairment Loss 0.00
Net Gain/Loss 0.00
Expense 0.00
Net Income 222,159.90Transfers In/Out 11,606,494.25Change in Unrealized Gain/Loss -191,550.69 Statement of Cash Flows City - US Bank - Safekeeping
Begin Date
End Date
07/01/202109/30/2021
Net Income 222,159.90
Amortization/Accretion on MS 35,939.38Change in Accrued on MS 47,928.26Net Gain/Loss on MS 0.00Change in Unrealized G/L on CE 0.00 Subtotal 83,867.64
Purchase of MS -12,919,102.00Purchased Accrued of MS -316.67Sales of MS 6,896.88Sold Accrued of MS 0.00Maturities of MS 1,000,000.00 Net Purchases/Sales -11,912,521.79Transfers of Cash & CE 11,606,494.25Total Change in Cash & CE 0.00Beginning Cash & CE 399.08Ending Cash & CE 399.08 GAAP Financials City - US Bank - Safekeeping (83145)07/01/2021 - 09/30/2021 Return to Table of Contents Dated: 12/28/2022 1

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% Concentration by Security Type % Concentration by Market Sector % Concentration by Issuer Security Type Base Market Value + Accrued % of Base Market Value + Accrued
CORP 26,572,960.97 51.888%AGCY BOND 9,954,074.17 19.437%MUNI 6,942,191.04 13.556%CD 3,481,123.29 6.797%US GOV 2,909,765.62 5.682%SUPRANATIONAL 1,257,226.81 2.455%GNMA 94,113.03 0.184%CASH 399.08 0.001%Total 51,211,854.01 100.000% Footnotes: 1,2,3
Market Sector Base Market Value + Accrued % of Base Market Value + Accrued
Financial 15,392,561.40 30.057%Industrial 13,396,878.45 26.160%Agency 9,954,074.17 19.437%Municipal 6,942,191.04 13.556%Government 4,166,992.43 8.137%Utility 1,264,644.40 2.469%Mortgage Backed 94,113.03 0.184%Cash 399.08 0.001%Total 51,211,854.01 100.000% Footnotes: 2,3,4
Issuer Concentration Base Market Value +
Accrued
% of BaseMarket Value+ Accrued
Other 23,816,435.48 46.506%Federal Home Loan Banks 6,975,448.06 13.621%California Housing Finance Agency 3,033,700.00 5.924%Apple Inc. 3,029,628.33 5.916%United States 3,003,878.65 5.866%The Bank of New York Mellon Corporation 2,164,624.89 4.227%State of California 2,045,610.00 3.994%Coöperatieve Rabobank U.A. 2,036,865.72 3.977%Farm Credit System 1,988,433.78 3.883%Exxon Mobil Corporation 1,562,803.13 3.052%Equinor ASA 1,554,425.97 3.035%Total 51,211,854.01 100.000% Footnotes: 2,3,5
Risk Concentration Summary - TR City - US Bank - Safekeeping (83145)07/01/2021 - 09/30/2021 Return to Table of Contents Dated: 12/28/2022 2

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Risk Concentration Summary - TR City - US Bank - Safekeeping (83145)07/01/2021 - 09/30/2021 Return to Table of Contents Dated: 12/28/2022 3

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Transaction Type Description Identifier Coupon
Rate
Yield to Maturity Trade Date Final Maturity Base Original Units Price Base Principal Principal Paydown G2 004636 36202FEH5 4.500 1.828 07/01/2021 02/20/2040 0.00 --- -2,311.92Principal Paydown G2 004649 36202FEW2 4.500 --- 07/01/2021 03/20/2040 0.00 --- -43.51Principal Paydown GN 354094 36203NKF4 7.500 1.959 07/01/2021 05/15/2023 0.00 --- -1.83Maturity TORONTO-DOMINION BANK 89114QBL1 1.800 0.250 07/13/2021 07/13/2021 -1,000,000.00 100.000 -1,000,000.00Principal Paydown G2 004649 36202FEW2 4.500 --- 08/01/2021 03/20/2040 0.00 --- -43.68Principal Paydown G2 004636 36202FEH5 4.500 1.837 08/01/2021 02/20/2040 0.00 --- -2,214.95Principal Paydown GN 354094 36203NKF4 7.500 1.182 08/01/2021 05/15/2023 0.00 --- -1.84Principal Paydown G2 004649 36202FEW2 4.500 --- 09/01/2021 03/20/2040 0.00 --- -43.86Principal Paydown G2 004636 36202FEH5 4.500 1.707 09/01/2021 02/20/2040 0.00 --- -2,233.44Principal Paydown GN 354094 36203NKF4 7.500 2.074 09/01/2021 05/15/2023 0.00 --- -1.85Buy UNITED STATES TREASURY 912833LT5 0.000 0.654 09/24/2021 11/15/2024 2,000,000.00 98.386 1,967,720.00Buy UNITED STATES TREASURY 912833PA2 0.000 1.058 09/24/2021 08/15/2026 1,000,000.00 95.617 956,170.00Buy FEDERAL AGRICULTURAL MORTGAGE CORP 31422XML3 0.600 0.838 09/24/2021 09/08/2025 1,000,000.00 99.720 997,200.00Buy FEDERAL HOME LOAN BANKS 3130AP4L6 0.600 0.739 09/24/2021 03/28/2025 2,000,000.00 100.000 2,000,000.00Buy FEDERAL FARM CREDIT BANKS FUNDING CORP
3133EM6P2 0.700 0.867 09/24/2021 09/29/2025 2,000,000.00 99.901 1,998,012.00 Buy FEDERAL HOME LOAN BANKS 3130AP4X0 1.000 1.128 09/24/2021 09/30/2026 2,000,000.00 100.000 2,000,000.00Buy FEDERAL HOME LOAN BANKS 3130APCH6 1.125 1.176 09/27/2021 09/29/2026 3,000,000.00 100.000 3,000,000.00Buy FEDERAL HOME LOAN BANKS 3130APD77 1.540 1.552 09/29/2021 10/06/2028 2,000,000.00 100.000 2,000,000.00--- --- --- 0.847 0.973 --- 01/21/2026 14,000,000.00 --- 13,912,205.12 Investment Activity - TR City - US Bank - Safekeeping (83145)Base Currency: USD 07/01/2021 - 09/30/2021 Return to Table of Contents Dated: 12/28/2022 4

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Net of Fees (includes management and trading).

Returns are actual and have not been annualized.No Tax Adjustment.Note that data will not exist prior to the performance inception date of: 03/07/2017.Reported Index Return is always Total Return.

Period Period Begin Period End Total Return, Net of Fees Price Return, Net of Fees Income Return, Net of Fees Assigned Index ReturnTrailing Month 09/01/2021 09/30/2021 -0.109% -0.292% 0.183% -0.249%Quarter to Date 07/01/2021 09/30/2021 0.089% -0.477% 0.566% 0.054%Year to Date 01/01/2021 09/30/2021 0.420% -1.281% 1.701% 0.048%Since Inception 03/07/2017 09/30/2021 11.981% 2.415% 9.566% 15.388%Account Index Index Start Date Index End DateCity - US Bank - Safekeeping ICE BofA 1-5 Year AAA-A US Corporate Index 11/30/2007 --- Investment Returns - TR City - US Bank - Safekeeping (83145) Base Currency: USD As of 09/30/2021 Return to Table of Contents Dated: 12/28/2022 5

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Net of Fees (includes management and trading).

Returns are actual and have not been annualized.No Tax Adjustment.Note that data will not exist prior to the performance inception date of: 03/07/2017.

Period Begin Period End Total Return, Net of Fees Income Return, Net of Fees Price Return, Net of Fees07/01/2021 07/31/2021 0.158% 0.190% -0.032%08/01/2021 08/31/2021 0.040% 0.192% -0.152%09/01/2021 09/30/2021 -0.109% 0.183% -0.292%--- --- --- --- ---Account Index Index Start Date Index End DateCity - US Bank - Safekeeping ICE BofA 1-5 Year AAA-A US Corporate Index 11/30/2007 --- Cumulative Investment Returns - TR City - US Bank - Safekeeping (83145) Base Currency: USD 07/01/2021 - 09/30/2021 Return to Table of Contents Dated: 12/28/2022 6

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Index Comparison Summary
Index Comparison Market Sector
Index Comparison DurationIndex Comparison Credit Rating Index Comparison City - US Bank - Safekeeping (83145)07/01/2021 - 09/30/2021 Return to Table of Contents Dated: 12/28/2022 7

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Index Comparison Summary
Risk Metric Portfolio Index DifferenceDuration 1.740 2.815 -1.075Yield 0.759 0.885 -0.126Years to Effective Maturity 2.279 2.991 -0.712Years to Final Maturity 2.335 2.991 -0.656Average Credit Rating A+ A --- Footnote: 1 Index Comparison Market Sector
Market Sector Portfolio Index DifferenceGovernment 8.137% 0.000% 8.137%Agency 19.437% 0.000% 19.437%Municipal 13.556% 0.000% 13.556%Financial 30.057% 56.389% -26.333%Industrial 26.160% 39.342% -13.182%Utility 2.469% 4.269% -1.800%Mortgage Backed 0.184% 0.000% 0.184%Cash 0.001% 0.000% 0.001% Footnote: 2
Index Comparison Duration
Duration Portfolio Index Difference< 0 0.000% --- --- 0 - 1 29.111% 1.915% 27.196%1 - 2 26.460% 27.231% -0.771%2 - 3 32.610% 26.612% 5.998%3 - 4 9.966% 23.373% -13.407%4 - 5 1.853% 20.702% -18.849%5 - 7 0.000% 0.167% -0.167%7 - 10 0.000% 0.000% 0.000%10 - 15 0.000% 0.000% 0.000%15 - 30 0.000% 0.000% 0.000%30 + 0.000% --- --- No Duration 0.000% --- --- Footnote: 3 Index Comparison Credit Rating
Credit Rating Portfolio Index DifferenceAAA 4.427% 2.007% 2.420%AA 54.457% 16.029% 38.428%A 34.194% 81.963% -47.769%BBB 4.492% 0.000% 4.492%Non-Invest 0.000% 0.000% 0.000%Not Rated 2.430% 0.000% 2.430% Footnote: 4
Index Comparison City - US Bank - Safekeeping (83145)07/01/2021 - 09/30/2021 Return to Table of Contents Dated: 12/28/2022 8

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Index: ICE BofA 1-5 Year AAA-A US Corporate Index.
1: * Grouped by: Risk Metric. 2: * Grouped by: Market Sector. 3: * Grouped by: Duration. 4: * Grouped by: Credit Rating.

Index Comparison City - US Bank - Safekeeping (83145)07/01/2021 - 09/30/2021 Return to Table of Contents Dated: 12/28/2022 9

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Security Type Description Identifier Trade Date Final Maturity Yield to Maturity Base Current Units Base Original Cost Market Price
Base Market Value Base Accrued
Balance
Base Market Value +
Accrued
CORP 3M CO 88579YBE0 02/06/2019 02/14/2024 0.280 1,000,000.00 997,250.00 100.3669 1,003,669.00 542.74 1,004,211.74CD American Express National Bank 02587DZ76 09/06/2017 09/12/2022 2.439 249,000.00 248,502.00 99.9621 248,905.64 311.08 249,216.72CORP APPLE INC 037833CM0 02/17/2017 02/09/2022 0.744 3,000,000.00 3,009,300.00 100.6265 3,018,795.00 10,833.33 3,029,628.33CORP BANK OF NEW YORK MELLON CORP 06406HCV9 11/27/2019 05/15/2024 0.723 2,000,000.00 2,112,300.00 106.9468 2,138,936.00 25,688.89 2,164,624.89CD Barclays Bank Delaware 06740KKD8 09/06/2017 07/12/2022 2.196 248,000.00 248,000.00 100.0000 248,000.00 1,210.78 249,210.78CORP BAYLOR SCOTT & WHITE HOLDINGS 072863AB9 11/27/2019 11/15/2025 1.338 750,000.00 783,997.50 107.0262 802,696.50 8,769.17 811,465.67CORP BNP PARIBAS SA 05574LFY9 06/27/2018 03/03/2023 0.356 1,250,000.00 1,238,700.00 104.1092 1,301,365.00 3,159.72 1,304,524.72MUNI CALIFORNIA HSG FIN AGY REV 13034PZJ9 07/05/2017 02/01/2022 0.559 3,000,000.00 3,020,100.00 100.6880 3,020,640.00 13,060.00 3,033,700.00MUNI CALIFORNIA ST 13063DAD0 06/01/2017 04/01/2022 0.183 2,000,000.00 2,021,560.00 101.0970 2,021,940.00 23,670.00 2,045,610.00CORP CAPITAL IMPACT PARTNERS 14020AAH7 01/09/2018 01/15/2023 1.092 1,000,000.00 1,000,000.00 102.0601 1,020,601.00 5,700.00 1,026,301.00CORP CITIBANK NA 17325FAS7 11/27/2019 01/23/2024 0.718 1,000,000.00 1,061,990.00 106.7167 1,067,167.00 6,894.44 1,074,061.44CD Citibank, N.A. 17312QM48 05/31/2018 06/06/2023 3.267 246,000.00 245,754.00 99.9664 245,917.42 2,562.78 248,480.20MUNI CONTRA COSTA CNTY CALIF REDEV AGY

SUCCESSOR AGY TA
212263AU1 03/04/2020 08/01/2024 0.980 600,000.00 638,430.00 104.9390 629,634.00 2,750.00 632,384.00 CORP COOPERATIEVE RABOBANK UA 21685WDD6 08/21/2017 02/08/2022 0.290 2,000,000.00 2,144,060.00 101.2728 2,025,456.00 11,409.72 2,036,865.72CORP EQUINOR ASA 85771PAX0 11/27/2019 11/10/2024 0.826 1,430,000.00 1,509,651.00 107.4282 1,536,223.26 18,202.71 1,554,425.97CD Essential Federal Credit Union 29670PAA0 12/04/2018 12/05/2023 3.567 245,000.00 244,755.00 99.9565 244,893.33 2,811.79 247,705.13CORP EXXON MOBIL CORP 30231GBC5 08/28/2019 08/16/2024 0.637 1,000,000.00 1,012,150.00 103.9345 1,039,345.00 2,523.75 1,041,868.75CORP EXXON MOBIL CORP 30231GBC5 10/24/2019 08/16/2024 0.637 500,000.00 505,000.00 103.9345 519,672.50 1,261.88 520,934.38AGCY BOND FEDERAL AGRICULTURAL MORTGAGE CORP
31422XML3 09/24/2021 09/08/2025 0.864 1,000,000.00 997,200.00 98.9809 989,809.00 383.33 990,192.33

AGCY BOND FEDERAL FARM CREDIT BANKS

FUNDING CORP
3133EM6P2 09/24/2021 09/29/2025 0.848 2,000,000.00 1,998,012.00 99.4178 1,988,356.00 77.78 1,988,433.78 AGCY BOND FEDERAL HOME LOAN BANKS 3130AP4L6 09/24/2021 03/28/2025 0.705 2,000,000.00 2,000,000.00 99.6367 1,992,734.00 100.00 1,992,834.00AGCY BOND FEDERAL HOME LOAN BANKS 3130AP4X0 09/24/2021 09/30/2026 1.116 2,000,000.00 2,000,000.00 99.4379 1,988,758.00 55.56 1,988,813.56AGCY BOND FEDERAL HOME LOAN BANKS 3130APCH6 09/27/2021 09/29/2026 1.169 3,000,000.00 3,000,000.00 99.7871 2,993,613.00 187.50 2,993,800.50GNMA G2 004636 36202FEH5 06/07/2012 02/20/2040 1.754 69,363.60 69,363.60 111.7929 77,543.56 260.11 77,803.68GNMA G2 004649 36202FEW2 06/07/2012 03/20/2040 --- 15,047.18 15,047.18 107.8264 16,224.83 56.43 16,281.26GNMA GN 354094 36203NKF4 05/29/2012 05/15/2023 1.257 27.02 27.02 103.3669 27.93 0.17 28.10CD Goldman Sachs Bank USA 38148PPJ0 09/07/2017 09/13/2022 2.399 249,000.00 249,000.00 100.0000 249,000.00 294.71 249,294.71CORP HSBC HOLDINGS PLC 404280BA6 10/23/2018 05/25/2023 0.494 1,000,000.00 989,560.00 105.1059 1,051,059.00 12,600.00 1,063,659.00CD Industrial and Commercial Bank of China (USA), Nat
45581EAK7 09/06/2017 09/20/2022 2.300 247,000.00 247,000.00 100.0000 247,000.00 171.21 247,171.21

SUPRANATIONAL

INTERNATIONAL BANK FORRECONSTRUCTION AND DEVELOPM
459058HC0 10/28/2019 08/06/2024 0.169 1,250,000.00 1,256,875.27 100.5237 1,256,546.25 680.56 1,257,226.81 CORP JPMORGAN CHASE & CO 46625HJT8 02/06/2019 02/01/2024 0.633 1,000,000.00 1,030,370.00 107.5049 1,075,049.00 6,458.33 1,081,507.33CD Maine Savings Bank 560507AN5 11/04/2019 11/08/2024 1.900 249,000.00 249,000.00 100.0000 249,000.00 298.12 249,298.12CD Merrick Bank Corporation 59013KBZ8 08/05/2019 08/09/2024 2.150 249,000.00 249,000.00 100.0000 249,000.00 322.68 249,322.68CORP MICROSOFT CORP 594918BA1 01/09/2018 02/12/2022 0.681 1,000,000.00 998,200.00 100.6188 1,006,188.00 3,232.64 1,009,420.64CD Morgan Stanley Bank, N.A. 61747MG54 01/09/2018 01/18/2022 2.487 246,000.00 246,000.00 100.0000 246,000.00 1,263.70 247,263.70CD Morgan Stanley Private Bank, National Association
61760ASZ3 12/04/2018 12/06/2023 3.567 245,000.00 244,755.00 99.9564 244,893.20 2,787.97 247,681.16 CD Numerica Credit Union 67054NAP8 12/04/2018 12/21/2023 3.600 249,000.00 249,000.00 100.0000 249,000.00 245.59 249,245.59CORP ORACLE CORP 68389XBL8 10/23/2018 09/15/2023 0.618 1,000,000.00 950,680.00 103.4626 1,034,626.00 1,066.67 1,035,692.67MUNI PASADENA CALIF PENSION OBLIG 70227RAG5 08/28/2019 05/01/2024 0.535 250,000.00 266,375.00 107.1930 267,982.50 3,479.17 271,461.67CASH Receivable CCYUSD --- 09/30/2021 --- 399.08 399.08 1.0000 399.08 0.00 399.08CORP SANOFI SA 801060AC8 06/27/2018 06/19/2023 0.483 1,250,000.00 1,254,825.00 104.9458 1,311,822.50 11,953.13 1,323,775.63MUNI SANTA ROSA CALIF REGL RES AUTH REV
802629AY1 03/04/2020 08/01/2023 0.842 925,000.00 972,933.50 103.2420 954,988.50 4,046.88 959,035.38 CORP SOUTHERN CALIFORNIA EDISON CO 842400GL1 06/04/2018 06/01/2023 0.829 1,200,000.00 1,202,712.00 104.2537 1,251,044.40 13,600.00 1,264,644.40CORP STATE STREET CORP 857477AN3 03/04/2020 12/16/2024 0.698 1,000,000.00 1,089,920.00 108.2459 1,082,459.00 9,625.00 1,092,084.00CD TIAA, FSB 87270LAT0 09/06/2017 09/14/2022 2.199 249,000.00 249,000.00 100.0000 249,000.00 195.11 249,195.11CORP TOYOTA MOTOR CREDIT CORP 89233P7F7 06/04/2018 01/10/2023 0.318 1,000,000.00 973,770.00 102.9389 1,029,389.00 5,906.25 1,035,295.25CD United Credit Union 910160AT7 10/30/2019 12/01/2022 1.950 249,000.00 249,000.00 100.0000 249,000.00 13.30 249,013.30 Investment Portfolio Detail - TR City - US Bank - Safekeeping (83145)Base Currency: USD As of 09/30/2021 Return to Table of Contents Dated: 12/28/2022 10

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* Weighted by: Base Market Value + Accrued. * Holdings Displayed by: Lot.

Security Type Description Identifier Trade Date Final Maturity Yield to Maturity Base Current Units Base Original Cost Market Price
Base Market Value Base Accrued
Balance
Base Market Value +
Accrued
US GOV UNITED STATES TREASURY 912833LT5 09/24/2021 11/15/2024 0.637 2,000,000.00 1,967,720.00 98.0313 1,960,625.00 0.00 1,960,625.00US GOV UNITED STATES TREASURY 912833PA2 09/24/2021 08/15/2026 1.074 1,000,000.00 956,170.00 94.9141 949,140.62 0.00 949,140.62CORP US BANCORP 91159HHV5 02/06/2019 02/05/2024 0.683 1,000,000.00 1,010,170.00 106.2560 1,062,560.00 5,250.00 1,067,810.00CD VyStar Credit Union 92891CCE0 12/10/2018 12/11/2023 3.650 249,000.00 249,000.00 100.0000 249,000.00 24.90 249,024.90CORP WALMART INC 931142DU4 01/09/2018 12/15/2022 0.420 1,000,000.00 996,500.00 102.3240 1,023,240.00 6,919.44 1,030,159.44--- --- --- --- 01/31/2024 0.824 49,958,836.88 50,519,084.16 102.1401 50,978,935.02 232,918.99 51,211,854.01 Investment Portfolio Detail - TR City - US Bank - Safekeeping (83145)Base Currency: USD As of 09/30/2021 Return to Table of Contents Dated: 12/28/2022 11

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Compliance Summary
Policies: .Rules: .* Compliance Status as of previous business day.

Compliant Account Policy Name Total Rules Compliant Rules Violating Rules Investment Policy Compliance Summary - TR City - US Bank - Safekeeping (83145)As of 09/30/2021 Return to Table of Contents Dated: 12/28/2022 12

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Rules: .

Contributors: .* Viewing Violators Only.* Compliance Status as of previous business day.

Investment Policy Voilations - TR City - US Bank - Safekeeping (83145)As of 09/30/2021 Return to Table of Contents Dated: 12/28/2022 13

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Description Identifier Security Type Effective Date Agency Old Value New Value Event Type American Express National Bank 02587DZ76 CD 08/03/2021 Moodys Negative Stable Outlook ChangedCALIFORNIA ST 13063DAD0 MUNI 09/02/2021 S&P Stable Positive Outlook ChangedCOOPERATIEVE RABOBANK UA 21685WDD6 CORP 07/13/2021 Moodys Aa3 Aa2 UpgradeJPMORGAN CHASE & CO 46625HJT8 CORP 07/12/2021 Moodys Stable Positive Outlook ChangedTORONTO-DOMINION BANK 89114QBL1 CORP 07/12/2021 Moodys Aa1 Aa2 DowngradeUS BANCORP 91159HHV5 CORP 07/12/2021 Moodys A1 A2 DowngradeUS BANCORP 91159HHV5 CORP 07/12/2021 Moodys Off Stable Outlook ChangedUS BANCORP 91159HHV5 CORP 07/12/2021 Moodys Downgrade Off Watch ChangedUS BANCORP 91159HHV5 CORP 09/21/2021 Moodys Stable Negative Outlook Changed Credit Events - TR City - US Bank - Safekeeping (83145)Base Currency: USD 07/01/2021 - 09/30/2021 Return to Table of Contents Dated: 12/28/2022 14

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Treasurer's Report
City - US Bank - Safekeeping (83145)[10-01-2021]--[12-31-2021]10/01/2021 - 12/31/2021Dated: 12/28/2022Locked Down

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Balance Sheet City - US Bank - Safekeeping
As of: 09/30/2021 12/31/2021
Accumulated Allowance Written Off 0.00 0.00Accumulated Non-Purchased Allowance 0.00 0.00Original Cost less Due 50,518,685.08 66,123,167.51Net Accumulated Amortization/Accretion -334,274.28 -360,194.88Net Accumulated OTTI 0.00 0.00 Book Value less Due 50,184,410.80 65,762,972.63
Due and Accrued 233,318.07 312,286.49
Book Value + Accrued 50,417,728.87 66,075,259.12
Net Unrealized Carrying Value Gain 794,125.14 243,803.41 Carrying Value and Accrued 51,211,854.01 66,319,062.53
Income Statement City - US Bank - Safekeeping
Begin Date
End Date
10/01/202112/31/2021
Net Amortization/Accretion Income -25,920.60
Interest Income 299,150.18Dividend Income 0.00Foreign Tax Withheld Expense 0.00Misc Income 0.00Net Allowance Expense 0.00 Income Subtotal 299,150.18
Net Realized Gain/Loss -4,000.00Impairment Loss 0.00
Net Gain/Loss -4,000.00
Expense 0.00
Net Income 269,229.58Transfers In/Out 15,388,300.67Change in Unrealized Gain/Loss -550,321.73 Statement of Cash Flows City - US Bank - Safekeeping
Begin Date
End Date
10/01/202112/31/2021
Net Income 269,229.58
Amortization/Accretion on MS 25,920.60Change in Accrued on MS -77,851.61Net Gain/Loss on MS 4,000.00Change in Unrealized G/L on CE 0.00 Subtotal -47,931.02
Purchase of MS -16,609,852.00Purchased Accrued of MS -2,655.72Sales of MS 1,001,369.57Sold Accrued of MS 1,552.22Maturities of MS 0.00 Net Purchases/Sales -15,609,585.93Transfers of Cash & CE 15,388,300.67Total Change in Cash & CE 13.30Beginning Cash & CE 399.08Ending Cash & CE 412.38 GAAP Financials City - US Bank - Safekeeping (83145)10/01/2021 - 12/31/2021 Return to Table of Contents Dated: 12/28/2022 1

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% Concentration by Security Type % Concentration by Market Sector % Concentration by Issuer Security Type Base Market Value + Accrued % of Base Market Value + Accrued
CORP 26,291,046.58 39.643%AGCY BOND 18,805,702.72 28.356%CD 7,217,822.48 10.883%MUNI 6,911,222.85 10.421%US GOV 5,749,646.92 8.670%SUPRANATIONAL 1,255,970.91 1.894%GNMA 87,237.67 0.132%CASH 412.38 0.001%Total 66,319,062.53 100.000% Footnotes: 1,2,3
Market Sector Base Market Value + Accrued % of Base Market Value + Accrued
Financial 18,999,849.09 28.649%Agency 18,805,702.72 28.356%Industrial 13,271,112.77 20.011%Government 7,005,617.83 10.564%Municipal 6,911,222.85 10.421%Utility 1,237,907.20 1.867%Mortgage Backed 87,237.67 0.132%Cash 412.38 0.001%Total 66,319,062.53 100.000% Footnotes: 2,3,4
Issuer Concentration Base Market Value +
Accrued
% of BaseMarket Value+ Accrued
Other 29,335,522.18 44.234%Federal Home Loan Banks 12,868,008.39 19.403%United States 5,836,884.59 8.801%California Housing Finance Agency 3,037,480.00 4.580%Apple Inc. 3,030,474.33 4.570%Farm Credit System 2,973,994.11 4.484%The Bank of New York Mellon Corporation 2,114,572.89 3.188%Coöperatieve Rabobank U.A. 2,037,428.72 3.072%State of California 2,023,255.00 3.051%Exxon Mobil Corporation 1,547,872.88 2.334%Equinor ASA 1,513,569.44 2.282%Total 66,319,062.53 100.000% Footnotes: 2,3,5
Risk Concentration Summary - TR City - US Bank - Safekeeping (83145)10/01/2021 - 12/31/2021 Return to Table of Contents Dated: 12/28/2022 2

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Risk Concentration Summary - TR City - US Bank - Safekeeping (83145)10/01/2021 - 12/31/2021 Return to Table of Contents Dated: 12/28/2022 3

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Transaction Type Description Identifier Coupon
Rate
Yield to Maturity Trade Date Final Maturity Base Original Units Price Base Principal Principal Paydown G2 004649 36202FEW2 4.500 --- 10/01/2021 03/20/2040 0.00 --- -44.04Buy GreenState Credit Union 39573LBZ0 1.050 1.050 10/01/2021 10/15/2026 249,000.00 100.000 249,000.00Buy Texas Exchange Bank, SSB 88241TLZ1 0.850 0.850 10/01/2021 11/14/2025 249,000.00 100.000 249,000.00Principal Paydown G2 004636 36202FEH5 4.500 1.747 10/01/2021 02/20/2040 0.00 --- -1,690.54Principal Paydown GN 354094 36203NKF4 7.500 2.148 10/01/2021 05/15/2023 0.00 --- -1.86Buy Synchrony Bank 87164WD47 1.000 0.997 10/01/2021 10/08/2026 249,000.00 100.000 249,000.00Buy FEDERAL FARM CREDIT BANKS FUNDING CORP
3133ENAN0 2.540 2.540 10/05/2021 10/18/2041 1,000,000.00 100.000 1,000,000.00 Buy UBS Bank USA 90348JT91 1.000 1.000 10/06/2021 10/06/2026 249,000.00 100.000 249,000.00Buy BMW Bank of North America 05580AE67 0.650 0.650 10/07/2021 10/08/2024 249,000.00 100.000 249,000.00Buy Toyota Financial Savings Bank 89235MLU3 1.050 1.050 10/12/2021 10/14/2026 249,000.00 100.000 249,000.00Buy STATE BANK OF INDIA, CHICAGO BRANCH 856283U87 1.100 1.100 10/15/2021 10/19/2026 249,000.00 100.000 249,000.00Buy Washington State Bank (Washington, IA) 93974LAC4 0.850 0.850 10/15/2021 10/19/2026 249,000.00 100.000 249,000.00Buy UNITED STATES TREASURY 912833LZ1 0.000 1.163 10/19/2021 05/15/2026 2,000,000.00 95.413 1,908,260.00Buy FEDERAL HOME LOAN BANKS 3130ANX62 0.650 0.941 10/19/2021 06/30/2025 1,000,000.00 99.600 996,000.00Buy FEDERAL HOME LOAN BANKS 3130APGT6 1.150 1.305 10/19/2021 10/28/2026 1,000,000.00 100.000 1,000,000.00Principal Paydown G2 004649 36202FEW2 4.500 --- 11/01/2021 03/20/2040 0.00 --- -44.22Principal Paydown G2 004636 36202FEH5 4.500 1.798 11/01/2021 02/20/2040 0.00 --- -1,904.23Principal Paydown GN 354094 36203NKF4 7.500 2.131 11/01/2021 05/15/2023 0.00 --- -1.88Buy UNITED STATES TREASURY 91282CAT8 0.250 0.940 11/09/2021 10/31/2025 1,000,000.00 97.661 976,612.00Buy FEDERAL HOME LOAN MORTGAGE CORP 3134GW7K6 0.300 0.446 11/09/2021 11/03/2023 1,000,000.00 99.803 998,029.00Sell FEDERAL FARM CREDIT BANKS FUNDING CORP
3133ENAN0 2.540 2.595 11/09/2021 10/18/2041 -1,000,000.00 99.600 -996,000.00 Buy FEDERAL HOME LOAN BANKS 3130APP25 1.040 1.048 11/09/2021 11/18/2025 1,000,000.00 100.156 1,001,565.00Buy WebBank 947547NN1 0.750 0.750 11/09/2021 11/29/2024 249,000.00 100.000 249,000.00Buy Capital One, National Association 14042RQB0 1.100 1.100 11/09/2021 11/17/2026 248,000.00 100.000 248,000.00Buy Capital One Bank (USA), National Association 14042TDW4 1.100 1.100 11/09/2021 11/17/2026 248,000.00 100.000 248,000.00Buy JPMorgan Chase Bank, National Association 48128WDB8 0.000 0.000 11/09/2021 11/17/2026 248,000.00 100.000 248,000.00Principal Paydown G2 004649 36202FEW2 4.500 --- 12/01/2021 03/20/2040 0.00 --- -44.40Principal Paydown G2 004636 36202FEH5 4.500 1.876 12/01/2021 02/20/2040 0.00 --- -1,636.51Principal Paydown GN 354094 36203NKF4 7.500 2.282 12/01/2021 05/15/2023 0.00 --- -1.89Buy FEDERAL NATIONAL MORTGAGE

ASSOCIATION
3135GABN0 0.280 0.725 12/10/2021 12/29/2023 1,000,000.00 99.351 993,507.00 Buy FEDERAL FARM CREDIT BANKS FUNDING
CORP
3133ENGA2 1.300 1.387 12/10/2021 12/01/2025 1,000,000.00 100.388 1,003,879.00 Buy FEDERAL HOME LOAN BANKS 3130APVC6 1.375 1.454 12/10/2021 12/01/2026 1,000,000.00 100.000 1,000,000.00Buy Connexus Credit Union 20825WAR1 1.250 1.250 12/21/2021 12/23/2026 249,000.00 100.000 249,000.00Buy First National Bank 32117BEQ7 1.250 1.250 12/21/2021 12/30/2026 249,000.00 100.000 249,000.00Buy USAlliance Federal Credit Union 90352RCB9 1.000 1.000 12/21/2021 12/30/2024 249,000.00 100.000 249,000.00Buy C.B.C. Federal Credit Union 12481GAV9 1.100 1.100 12/21/2021 01/21/2026 249,000.00 100.000 249,000.00--- --- --- 0.958 1.219 --- 12/04/2027 13,981,000.00 --- 13,857,482.43 Investment Activity - TR City - US Bank - Safekeeping (83145)Base Currency: USD 10/01/2021 - 12/31/2021 Return to Table of Contents Dated: 12/28/2022 4

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Net of Fees (includes management and trading).

Returns are actual and have not been annualized.No Tax Adjustment.Note that data will not exist prior to the performance inception date of: 03/07/2017.Reported Index Return is always Total Return.

Period Period Begin Period End Total Return, Net of Fees Price Return, Net of Fees Income Return, Net of Fees Assigned Index ReturnTrailing Month 12/01/2021 12/31/2021 -0.082% -0.227% 0.145% -0.055%Quarter to Date 10/01/2021 12/31/2021 -0.476% -0.921% 0.445% -0.691%Year to Date 01/01/2021 12/31/2021 -0.058% -2.205% 2.147% -0.643%Since Inception 03/07/2017 12/31/2021 11.448% 1.384% 10.064% 14.590%Account Index Index Start Date Index End DateCity - US Bank - Safekeeping ICE BofA 1-5 Year AAA-A US Corporate Index 11/30/2007 --- Investment Returns - TR City - US Bank - Safekeeping (83145) Base Currency: USD As of 12/31/2021 Return to Table of Contents Dated: 12/28/2022 5

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Net of Fees (includes management and trading).

Returns are actual and have not been annualized.No Tax Adjustment.Note that data will not exist prior to the performance inception date of: 03/07/2017.

Period Begin Period End Total Return, Net of Fees Income Return, Net of Fees Price Return, Net of Fees10/01/2021 10/31/2021 -0.356% 0.153% -0.509%11/01/2021 11/30/2021 -0.038% 0.148% -0.186%12/01/2021 12/31/2021 -0.082% 0.145% -0.227%--- --- --- --- ---Account Index Index Start Date Index End DateCity - US Bank - Safekeeping ICE BofA 1-5 Year AAA-A US Corporate Index 11/30/2007 --- Cumulative Investment Returns - TR City - US Bank - Safekeeping (83145) Base Currency: USD 10/01/2021 - 12/31/2021 Return to Table of Contents Dated: 12/28/2022 6

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Index Comparison Summary
Index Comparison Market Sector
Index Comparison DurationIndex Comparison Credit Rating Index Comparison City - US Bank - Safekeeping (83145)10/01/2021 - 12/31/2021 Return to Table of Contents Dated: 12/28/2022 7

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Index Comparison Summary
Risk Metric Portfolio Index DifferenceDuration 1.991 2.750 -0.759Yield 1.106 1.300 -0.194Years to Effective Maturity 2.523 2.924 -0.401Years to Final Maturity 2.594 2.924 -0.330Average Credit Rating A+ A --- Footnote: 1 Index Comparison Market Sector
Market Sector Portfolio Index DifferenceGovernment 10.564% 0.000% 10.564%Agency 28.356% 0.000% 28.356%Municipal 10.421% 0.000% 10.421%Financial 28.649% 57.643% -28.994%Industrial 20.011% 38.053% -18.042%Utility 1.867% 4.305% -2.438%Mortgage Backed 0.132% 0.000% 0.132%Cash 0.001% 0.000% 0.001% Footnote: 2
Index Comparison Duration
Duration Portfolio Index Difference< 0 0.000% --- --- 0 - 1 25.495% 2.270% 23.225%1 - 2 23.121% 27.076% -3.955%2 - 3 31.654% 26.979% 4.675%3 - 4 11.700% 25.178% -13.478%4 - 5 8.030% 18.332% -10.302%5 - 7 0.000% 0.165% -0.165%7 - 10 0.000% 0.000% 0.000%10 - 15 0.000% 0.000% 0.000%15 - 30 0.000% 0.000% 0.000%30 + 0.000% --- --- No Duration 0.000% --- --- Footnote: 3 Index Comparison Credit Rating
Credit Rating Portfolio Index DifferenceAAA 3.417% 1.902% 1.515%AA 59.498% 15.553% 43.945%A 27.667% 82.545% -54.878%BBB 4.916% 0.000% 4.916%Non-Invest 0.000% 0.000% 0.000%Not Rated 4.502% 0.000% 4.502% Footnote: 4
Index Comparison City - US Bank - Safekeeping (83145)10/01/2021 - 12/31/2021 Return to Table of Contents Dated: 12/28/2022 8

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Index: ICE BofA 1-5 Year AAA-A US Corporate Index.
1: * Grouped by: Risk Metric. 2: * Grouped by: Market Sector. 3: * Grouped by: Duration. 4: * Grouped by: Credit Rating.

Index Comparison City - US Bank - Safekeeping (83145)10/01/2021 - 12/31/2021 Return to Table of Contents Dated: 12/28/2022 9

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Security Type Description Identifier Trade Date Final Maturity Yield to Maturity Base Current Units Base Original Cost Market Price
Base Market Value Base Accrued
Balance
Base Market Value +
Accrued
CORP 3M CO 88579YBE0 02/06/2019 02/14/2024 0.516 1,000,000.00 997,250.00 100.0080 1,000,080.00 595.33 1,000,675.33CD American Express National Bank 02587DZ76 09/06/2017 09/12/2022 2.435 249,000.00 248,502.00 99.9722 248,930.73 1,817.36 250,748.09CORP APPLE INC 037833CM0 02/17/2017 02/09/2022 2.196 3,000,000.00 3,009,300.00 100.0297 3,000,891.00 29,583.33 3,030,474.33CORP BANK OF NEW YORK MELLON CORP 06406HCV9 11/27/2019 05/15/2024 1.131 2,000,000.00 2,112,300.00 105.2942 2,105,884.00 8,688.89 2,114,572.89CD Barclays Bank Delaware 06740KKD8 09/06/2017 07/12/2022 2.199 248,000.00 248,000.00 100.0000 248,000.00 2,585.99 250,585.99CORP BAYLOR SCOTT & WHITE HOLDINGS 072863AB9 11/27/2019 11/15/2025 1.600 750,000.00 783,997.50 105.5923 791,942.25 2,966.04 794,908.29CD BMW Bank of North America 05580AE67 10/07/2021 10/08/2024 0.650 249,000.00 249,000.00 100.0000 249,000.00 376.91 249,376.91CORP BNP PARIBAS SA 05574LFY9 06/27/2018 03/03/2023 0.779 1,250,000.00 1,238,700.00 102.8833 1,286,041.25 13,315.97 1,299,357.22MUNI CALIFORNIA HSG FIN AGY REV 13034PZJ9 07/05/2017 02/01/2022 0.672 3,000,000.00 3,020,100.00 100.1610 3,004,830.00 32,650.00 3,037,480.00MUNI CALIFORNIA ST 13063DAD0 06/01/2017 04/01/2022 0.082 2,000,000.00 2,021,560.00 100.5710 2,011,420.00 11,835.00 2,023,255.00CORP CAPITAL IMPACT PARTNERS 14020AAH7 01/09/2018 01/15/2023 1.312 1,000,000.00 1,000,000.00 101.4293 1,014,293.00 5,700.00 1,019,993.00CD Capital One Bank (USA), National Association
14042TDW4 11/09/2021 11/17/2026 1.100 248,000.00 248,000.00 100.0000 248,000.00 336.33 248,336.33 CD Capital One, National Association 14042RQB0 11/09/2021 11/17/2026 1.100 248,000.00 248,000.00 100.0000 248,000.00 336.33 248,336.33CORP CITIBANK NA 17325FAS7 11/27/2019 01/23/2024 1.076 1,000,000.00 1,061,990.00 105.2322 1,052,322.00 16,019.44 1,068,341.44CD Citibank, N.A. 17312QM48 05/31/2018 06/06/2023 3.268 246,000.00 245,754.00 99.9715 245,929.81 569.51 246,499.32CD Connexus Credit Union 20825WAR1 12/21/2021 12/23/2026 1.250 249,000.00 249,000.00 100.0000 249,000.00 8.53 249,008.53MUNI CONTRA COSTA CNTY CALIF REDEV AGY

SUCCESSOR AGY TA
212263AU1 03/04/2020 08/01/2024 1.335 600,000.00 638,430.00 103.5820 621,492.00 6,875.00 628,367.00 CORP COOPERATIEVE RABOBANK UA 21685WDD6 08/21/2017 02/08/2022 0.631 2,000,000.00 2,144,060.00 100.3322 2,006,644.00 30,784.72 2,037,428.72CORP EQUINOR ASA 85771PAX0 11/27/2019 11/10/2024 1.324 1,430,000.00 1,509,651.00 105.3836 1,506,985.48 6,583.96 1,513,569.44CD Essential Federal Credit Union 29670PAA0 12/04/2018 12/05/2023 3.569 245,000.00 244,755.00 99.9615 244,905.68 643.38 245,549.05CORP EXXON MOBIL CORP 30231GBC5 08/28/2019 08/16/2024 1.076 1,000,000.00 1,012,150.00 102.4344 1,024,344.00 7,571.25 1,031,915.25CORP EXXON MOBIL CORP 30231GBC5 10/24/2019 08/16/2024 1.076 500,000.00 505,000.00 102.4344 512,172.00 3,785.63 515,957.63AGCY BOND FEDERAL AGRICULTURAL MORTGAGE CORP
31422XML3 09/24/2021 09/08/2025 1.186 1,000,000.00 997,200.00 97.8938 978,938.00 1,883.33 980,821.33

AGCY BOND FEDERAL FARM CREDIT BANKS

FUNDING CORP
3133EM6P2 09/24/2021 09/29/2025 1.157 2,000,000.00 1,998,012.00 98.3302 1,966,604.00 3,577.78 1,970,181.78

AGCY BOND FEDERAL FARM CREDIT BANKS

FUNDING CORP
3133ENGA2 12/10/2021 12/01/2025 1.228 1,000,000.00 1,003,879.00 100.2729 1,002,729.00 1,083.33 1,003,812.33 AGCY BOND FEDERAL HOME LOAN BANKS 3130ANX62 10/19/2021 06/30/2025 1.108 1,000,000.00 996,000.00 98.4312 984,312.00 18.06 984,330.06AGCY BOND FEDERAL HOME LOAN BANKS 3130AP4L6 09/24/2021 03/28/2025 1.060 2,000,000.00 2,000,000.00 98.5371 1,970,742.00 3,100.00 1,973,842.00AGCY BOND FEDERAL HOME LOAN BANKS 3130APCH6 09/27/2021 09/29/2026 1.415 3,000,000.00 3,000,000.00 98.6748 2,960,244.00 8,625.00 2,968,869.00AGCY BOND FEDERAL HOME LOAN BANKS 3130APD77 09/29/2021 10/06/2028 1.672 2,000,000.00 2,000,000.00 99.1586 1,983,172.00 7,272.22 1,990,444.22AGCY BOND FEDERAL HOME LOAN BANKS 3130AP4X0 09/24/2021 09/30/2026 1.375 2,000,000.00 2,000,000.00 98.2807 1,965,614.00 5,055.56 1,970,669.56AGCY BOND FEDERAL HOME LOAN BANKS 3130APP25 11/09/2021 11/18/2025 1.235 1,000,000.00 1,001,565.00 99.2613 992,613.00 1,242.22 993,855.22AGCY BOND FEDERAL HOME LOAN BANKS 3130APGT6 10/19/2021 10/28/2026 1.436 1,000,000.00 1,000,000.00 98.6727 986,727.00 2,012.50 988,739.50AGCY BOND FEDERAL HOME LOAN BANKS 3130APVC6 12/10/2021 12/01/2026 1.457 1,000,000.00 1,000,000.00 99.6113 996,113.00 1,145.83 997,258.83AGCY BOND FEDERAL HOME LOAN MORTGAGE CORP 3134GW7K6 11/09/2021 11/03/2023 0.720 1,000,000.00 998,029.00 99.2333 992,333.00 483.33 992,816.33AGCY BOND FEDERAL NATIONAL MORTGAGE

ASSOCIATION
3135GABN0 12/10/2021 12/29/2023 0.784 1,000,000.00 993,507.00 99.0047 990,047.00 15.56 990,062.56 CD First National Bank 32117BEQ7 12/21/2021 12/30/2026 1.250 249,000.00 249,000.00 100.0000 249,000.00 17.05 249,017.05GNMA G2 004636 36202FEH5 06/07/2012 02/20/2040 1.990 64,132.32 64,132.32 111.0550 71,222.16 240.50 71,462.66GNMA G2 004649 36202FEW2 06/07/2012 03/20/2040 --- 14,914.52 14,914.52 105.2464 15,697.00 55.93 15,752.93GNMA GN 354094 36203NKF4 05/29/2012 05/15/2023 1.366 21.39 21.39 102.6076 21.95 0.13 22.08CD Goldman Sachs Bank USA 38148PPJ0 09/07/2017 09/13/2022 2.395 249,000.00 249,000.00 100.0000 249,000.00 1,800.99 250,800.99CD GreenState Credit Union 39573LBZ0 10/01/2021 10/15/2026 1.050 249,000.00 249,000.00 100.0000 249,000.00 222.05 249,222.05CORP HSBC HOLDINGS PLC 404280BA6 10/23/2018 05/25/2023 0.970 1,000,000.00 989,560.00 103.6475 1,036,475.00 3,600.00 1,040,075.00CD Industrial and Commercial Bank of China (USA), Nat
45581EAK7 09/06/2017 09/20/2022 2.300 247,000.00 247,000.00 100.0000 247,000.00 186.77 247,186.77

SUPRANATIONAL

INTERNATIONAL BANK FORRECONSTRUCTION AND DEVELOPM
459058HC0 10/28/2019 08/06/2024 0.188 1,250,000.00 1,256,875.27 100.4252 1,255,315.00 655.91 1,255,970.91 CORP JPMORGAN CHASE & CO 46625HJT8 02/06/2019 02/01/2024 1.046 1,000,000.00 1,030,370.00 105.8140 1,058,140.00 16,145.83 1,074,285.83CD JPMorgan Chase Bank, National Association 48128WDB8 11/09/2021 11/17/2026 0.000 248,000.00 248,000.00 100.0000 248,000.00 0.00 248,000.00 Investment Portfolio Detail - TR City - US Bank - Safekeeping (83145)Base Currency: USD As of 12/31/2021 Return to Table of Contents Dated: 12/28/2022 10

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* Weighted by: Base Market Value + Accrued. * Holdings Displayed by: Lot.

Security Type Description Identifier Trade Date Final Maturity Yield to Maturity Base Current Units Base Original Cost Market Price
Base Market Value Base Accrued
Balance
Base Market Value +
Accrued
CD Maine Savings Bank 560507AN5 11/04/2019 11/08/2024 1.900 249,000.00 249,000.00 100.0000 249,000.00 311.08 249,311.08CD Merrick Bank Corporation 59013KBZ8 08/05/2019 08/09/2024 2.150 249,000.00 249,000.00 100.0000 249,000.00 337.34 249,337.34CORP MICROSOFT CORP 594918BA1 01/09/2018 02/12/2022 1.952 1,000,000.00 998,200.00 100.0460 1,000,460.00 9,170.14 1,009,630.14CD Morgan Stanley Bank, N.A. 61747MG54 01/09/2018 01/18/2022 2.472 246,000.00 246,000.00 100.0000 246,000.00 2,813.84 248,813.84CD Morgan Stanley Private Bank, National Association
61760ASZ3 12/04/2018 12/06/2023 3.569 245,000.00 244,755.00 99.9614 244,905.54 619.55 245,525.09 CD Numerica Credit Union 67054NAP8 12/04/2018 12/21/2023 3.600 249,000.00 249,000.00 100.0000 249,000.00 270.15 249,270.15CORP ORACLE CORP 68389XBL8 10/23/2018 09/15/2023 1.231 1,000,000.00 950,680.00 101.9669 1,019,669.00 7,066.67 1,026,735.67MUNI PASADENA CALIF PENSION OBLIG 70227RAG5 08/28/2019 05/01/2024 0.889 250,000.00 266,375.00 105.6460 264,115.00 1,391.67 265,506.67CASH Receivable CCYUSD --- 12/31/2021 --- 412.38 412.38 1.0000 412.38 0.00 412.38CORP SANOFI SA 801060AC8 06/27/2018 06/19/2023 0.865 1,250,000.00 1,254,825.00 103.6505 1,295,631.25 1,406.25 1,297,037.50MUNI SANTA ROSA CALIF REGL RES AUTH REV
802629AY1 03/04/2020 08/01/2023 1.139 925,000.00 972,933.50 102.3240 946,497.00 10,117.19 956,614.19 CORP SOUTHERN CALIFORNIA EDISON CO 842400GL1 06/04/2018 06/01/2023 1.343 1,200,000.00 1,202,712.00 102.8756 1,234,507.20 3,400.00 1,237,907.20CD STATE BANK OF INDIA, CHICAGO BRANCH
856283U87 10/15/2021 10/19/2026 1.100 249,000.00 249,000.00 100.0000 249,000.00 555.30 249,555.30 CORP STATE STREET CORP 857477AN3 03/04/2020 12/16/2024 1.073 1,000,000.00 1,089,920.00 106.4682 1,064,682.00 1,375.00 1,066,057.00CD Synchrony Bank 87164WD47 10/01/2021 10/08/2026 1.000 249,000.00 249,000.00 100.0000 249,000.00 587.92 249,587.92CD Texas Exchange Bank, SSB 88241TLZ1 10/01/2021 11/14/2025 0.850 249,000.00 249,000.00 100.0000 249,000.00 139.17 249,139.17CD TIAA, FSB 87270LAT0 09/06/2017 09/14/2022 2.196 249,000.00 249,000.00 100.0000 249,000.00 1,575.86 250,575.86CD Toyota Financial Savings Bank 89235MLU3 10/12/2021 10/14/2026 1.050 249,000.00 249,000.00 100.0000 249,000.00 565.88 249,565.88CORP TOYOTA MOTOR CREDIT CORP 89233P7F7 06/04/2018 01/10/2023 0.663 1,000,000.00 973,770.00 102.0013 1,020,013.00 12,468.75 1,032,481.75CD UBS Bank USA 90348JT91 10/06/2021 10/06/2026 1.000 249,000.00 249,000.00 100.0000 249,000.00 177.37 249,177.37CD United Credit Union 910160AT7 10/30/2019 12/01/2022 1.950 249,000.00 249,000.00 100.0000 249,000.00 13.30 249,013.30US GOV UNITED STATES TREASURY 912833LT5 09/24/2021 11/15/2024 0.942 2,000,000.00 1,967,720.00 97.3359 1,946,718.74 0.00 1,946,718.74US GOV UNITED STATES TREASURY 912833LZ1 10/19/2021 05/15/2026 1.256 2,000,000.00 1,908,260.00 94.6719 1,893,437.50 0.00 1,893,437.50US GOV UNITED STATES TREASURY 912833PA2 09/24/2021 08/15/2026 1.292 1,000,000.00 956,170.00 94.2188 942,187.50 0.00 942,187.50US GOV UNITED STATES TREASURY 91282CAT8 11/09/2021 10/31/2025 1.136 1,000,000.00 976,612.00 96.6875 966,875.00 428.18 967,303.18CORP US BANCORP 91159HHV5 02/06/2019 02/05/2024 1.041 1,000,000.00 1,010,170.00 104.8228 1,048,228.00 13,687.50 1,061,915.50CD USAlliance Federal Credit Union 90352RCB9 12/21/2021 12/30/2024 1.000 249,000.00 249,000.00 100.0000 249,000.00 13.64 249,013.64CD VyStar Credit Union 92891CCE0 12/10/2018 12/11/2023 3.650 249,000.00 249,000.00 100.0000 249,000.00 24.90 249,024.90CORP WALMART INC 931142DU4 01/09/2018 12/15/2022 0.596 1,000,000.00 996,500.00 101.6683 1,016,683.00 1,044.44 1,017,727.44CD Washington State Bank (Washington, IA) 93974LAC4 10/15/2021 10/19/2026 0.850 249,000.00 249,000.00 100.0000 249,000.00 75.38 249,075.38CD WebBank 947547NN1 11/09/2021 11/29/2024 0.750 249,000.00 249,000.00 100.0000 249,000.00 168.84 249,168.84--- --- --- --- 08/04/2024 1.188 65,685,480.62 66,123,579.89 100.5676 66,007,188.42 311,874.10 66,319,062.53 Investment Portfolio Detail - TR City - US Bank - Safekeeping (83145)Base Currency: USD As of 12/31/2021 Return to Table of Contents Dated: 12/28/2022 11

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Compliance Summary
Policies: .Rules: .* Compliance Status as of previous business day.

Compliant Account Policy Name Total Rules Compliant Rules Violating Rules Investment Policy Compliance Summary - TR City - US Bank - Safekeeping (83145)As of 12/31/2021 Return to Table of Contents Dated: 12/28/2022 12

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Rules: .

Contributors: .* Viewing Violators Only.* Compliance Status as of previous business day.

Investment Policy Voilations - TR City - US Bank - Safekeeping (83145)As of 12/31/2021 Return to Table of Contents Dated: 12/28/2022 13

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Description Identifier Security Type Effective Date Agency Old Value New Value Event Type APPLE INC 037833CM0 CORP 12/21/2021 Moodys Aa1 Aaa UpgradeFEDERAL FARM CREDIT BANKS FUNDING CORP 3133ENAN0 AGCY BOND 10/05/2021 S&P Off Stable Outlook ChangedFEDERAL FARM CREDIT BANKS FUNDING CORP 3133ENAN0 AGCY BOND 10/06/2021 Moodys Off Stable Outlook ChangedORACLE CORP 68389XBL8 CORP 12/20/2021 S&P Off Negative Watch ChangedORACLE CORP 68389XBL8 CORP 12/20/2021 Moodys Off Downgrade Watch ChangedORACLE CORP 68389XBL8 CORP 12/21/2021 Fitch Off Negative Watch Changed Credit Events - TR City - US Bank - Safekeeping (83145)Base Currency: USD 10/01/2021 - 12/31/2021 Return to Table of Contents Dated: 12/28/2022 14

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Treasurer's Report
City - US Bank - Safekeeping (83145)[01-01-2022]--[03-31-2022]01/01/2022 - 03/31/2022Dated: 12/28/2022Locked Down

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Balance Sheet City - US Bank - Safekeeping
As of: 12/31/2021 03/31/2022
Accumulated Allowance Written Off 0.00 0.00Accumulated Non-Purchased Allowance 0.00 0.00Original Cost less Due 66,123,167.51 67,273,113.83Net Accumulated Amortization/Accretion -360,194.88 -218,112.48Net Accumulated OTTI 0.00 0.00 Book Value less Due 65,762,972.63 67,055,001.35
Due and Accrued 312,286.49 272,133.73
Book Value + Accrued 66,075,259.12 67,327,135.08
Net Unrealized Carrying Value Gain 243,803.41 -1,753,802.47 Carrying Value and Accrued 66,319,062.53 65,573,332.61
Income Statement City - US Bank - Safekeeping
Begin Date
End Date
01/01/202203/31/2022
Net Amortization/Accretion Income -29,614.98
Interest Income 294,809.16Dividend Income 0.00Foreign Tax Withheld Expense 0.00Misc Income 0.00Net Allowance Expense 0.00 Income Subtotal 294,809.16
Net Realized Gain/Loss 37.37Impairment Loss 0.00
Net Gain/Loss 37.37
Expense 0.00
Net Income 265,231.56Transfers In/Out 986,644.40Change in Unrealized Gain/Loss -1,997,605.88 Statement of Cash Flows City - US Bank - Safekeeping
Begin Date
End Date
01/01/202203/31/2022
Net Income 265,231.56
Amortization/Accretion on MS 29,614.98Change in Accrued on MS 83,033.00Net Gain/Loss on MS -37.37Change in Unrealized G/L on CE 0.00 Subtotal 112,610.60
Purchase of MS -10,572,060.00Purchased Accrued of MS -42,880.24Sales of MS 4,453.68Sold Accrued of MS 0.00Maturities of MS 9,246,000.00 Net Purchases/Sales -1,364,486.56Transfers of Cash & CE 986,644.40Total Change in Cash & CE 0.00Beginning Cash & CE 412.38Ending Cash & CE 412.38 GAAP Financials City - US Bank - Safekeeping (83145)01/01/2022 - 03/31/2022 Return to Table of Contents Dated: 12/28/2022 1

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% Concentration by Security Type % Concentration by Market Sector % Concentration by Issuer Security Type Base Market Value + Accrued % of Base Market Value + Accrued
CORP 25,642,241.05 39.105%AGCY BOND 19,882,693.28 30.321%CD 7,472,464.90 11.396%US GOV 6,484,577.42 9.889%MUNI 4,753,998.04 7.250%SUPRANATIONAL 1,256,203.82 1.916%GNMA 80,741.72 0.123%CASH 412.38 0.001%Total 65,573,332.61 100.000% Footnotes: 1,2,3
Market Sector Base Market Value + Accrued % of Base Market Value + Accrued
Agency 19,882,693.28 30.321%Financial 18,843,998.42 28.737%Industrial 13,054,169.92 19.908%Government 7,740,781.24 11.805%Municipal 4,753,998.04 7.250%Utility 1,216,537.60 1.855%Mortgage Backed 80,741.72 0.123%Cash 412.38 0.001%Total 65,573,332.61 100.000% Footnotes: 2,3,4
Issuer Concentration Base Market Value +
Accrued
% of BaseMarket Value+ Accrued
Other 29,435,307.86 44.889%Federal Home Loan Banks 13,211,846.61 20.148%United States 6,565,319.14 10.012%Farm Credit System 3,796,699.44 5.790%Citigroup Inc. 2,221,995.59 3.389%The Bank of New York Mellon Corporation 2,055,060.89 3.134%Apple Inc. 2,034,206.67 3.102%State of California 2,023,670.00 3.086%Exxon Mobil Corporation 1,488,731.63 2.270%Equinor ASA 1,461,451.66 2.229%Sanofi 1,279,043.13 1.951%Total 65,573,332.61 100.000% Footnotes: 2,3,5
Risk Concentration Summary - TR City - US Bank - Safekeeping (83145)01/01/2022 - 03/31/2022 Return to Table of Contents Dated: 12/28/2022 2

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Risk Concentration Summary - TR City - US Bank - Safekeeping (83145)01/01/2022 - 03/31/2022 Return to Table of Contents Dated: 12/28/2022 3

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Transaction Type Description Identifier Coupon
Rate
Yield to Maturity Trade Date Final Maturity Base Original Units Price Base Principal Principal Paydown G2 004636 36202FEH5 4.500 1.990 01/01/2022 02/20/2040 0.00 --- -1,555.66Principal Paydown GN 354094 36203NKF4 7.500 1.366 01/01/2022 05/15/2023 0.00 --- -1.90Principal Paydown G2 004649 36202FEW2 4.500 --- 01/01/2022 03/20/2040 0.00 --- -44.55Call Redemption APPLE INC 037833CM0 2.500 2.411 01/09/2022 02/09/2022 -3,000,000.00 100.000 -3,000,000.00Buy APPLE INC 037833CG3 3.000 1.171 01/11/2022 02/09/2024 2,000,000.00 103.986 2,079,720.00Buy JOHN DEERE CAPITAL CORP 24422ETT6 2.650 1.254 01/11/2022 06/24/2024 1,000,000.00 103.732 1,037,321.00Buy FEDERAL FARM CREDIT BANKS FUNDING CORP
3133ENKD1 1.400 1.535 01/11/2022 01/13/2026 1,000,000.00 100.000 1,000,000.00 Buy CITIGROUP INC 17290AAR1 1.500 2.034 01/11/2022 01/20/2027 1,000,000.00 100.000 1,000,000.00Call Redemption MICROSOFT CORP 594918BA1 2.375 2.287 01/12/2022 02/12/2022 -1,000,000.00 100.000 -1,000,000.00Maturity Morgan Stanley Bank, N.A. 61747MG54 2.500 0.000 01/18/2022 01/18/2022 -246,000.00 100.000 -246,000.00Principal Paydown G2 004649 36202FEW2 4.500 --- 02/01/2022 03/20/2040 0.00 --- -44.53Principal Paydown G2 004636 36202FEH5 4.500 2.326 02/01/2022 02/20/2040 0.00 --- -1,466.07Principal Paydown GN 354094 36203NKF4 7.500 2.720 02/01/2022 05/15/2023 0.00 --- -10.49Maturity CALIFORNIA HSG FIN AGY REV 13034PZJ9 2.612 0.000 02/01/2022 02/01/2022 -3,000,000.00 100.000 -3,000,000.00Buy JOHNSON & JOHNSON 478160BY9 2.450 1.972 02/04/2022 03/01/2026 1,000,000.00 102.572 1,025,723.00Buy UNITED STATES TREASURY 91282CDD0 0.375 1.261 02/04/2022 10/31/2023 1,000,000.00 98.715 987,146.00Buy GOLDMAN SACHS GROUP INC 38150AKG9 2.125 0.000 02/04/2022 02/14/2025 1,000,000.00 100.000 1,000,000.00Maturity COOPERATIEVE RABOBANK UA 21685WDD6 3.875 0.270 02/08/2022 02/08/2022 -2,000,000.00 100.000 -2,000,000.00Principal Paydown G2 004649 36202FEW2 4.500 --- 03/01/2022 03/20/2040 0.00 --- -46.07Principal Paydown G2 004636 36202FEH5 4.500 1.562 03/01/2022 02/20/2040 0.00 --- -1,283.53Principal Paydown GN 354094 36203NKF4 7.500 2.836 03/01/2022 05/15/2023 0.00 --- -0.88Buy HAWAII ST 419792ZL3 0.852 2.590 03/22/2022 10/01/2025 1,000,000.00 94.415 944,150.00Buy FEDERAL HOME LOAN BANKS 3130ARF55 2.600 2.858 03/22/2022 03/30/2027 1,000,000.00 100.000 1,000,000.00Buy Dundee Bank 26518EAT6 2.200 2.200 03/28/2022 10/08/2026 249,000.00 100.000 249,000.00Buy Medallion Bank 58404DNM9 2.200 2.200 03/28/2022 03/31/2025 249,000.00 100.000 249,000.00Buy Hiawatha National Bank 428548BJ9 0.000 0.000 03/28/2022 04/08/2026 249,000.00 100.000 249,000.00Buy Celtic Bank Corporation 15118RXY8 2.400 2.400 03/28/2022 04/08/2027 249,000.00 100.000 249,000.00--- --- --- 2.367 1.360 --- 12/10/2023 1,750,000.00 --- 1,819,606.32 Investment Activity - TR City - US Bank - Safekeeping (83145)Base Currency: USD 01/01/2022 - 03/31/2022 Return to Table of Contents Dated: 12/28/2022 4

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Net of Fees (includes management and trading).

Returns are actual and have not been annualized.No Tax Adjustment.Note that data will not exist prior to the performance inception date of: 03/07/2017.Reported Index Return is always Total Return.

Period Period Begin Period End Total Return, Net of Fees Price Return, Net of Fees Income Return, Net of Fees Assigned Index ReturnTrailing Month 03/01/2022 03/31/2022 -1.534% -1.668% 0.134% -1.785%Quarter to Date 01/01/2022 03/31/2022 -2.631% -3.032% 0.401% -3.615%Year to Date 01/01/2022 03/31/2022 -2.631% -3.032% 0.401% -3.615%Since Inception 03/07/2017 03/31/2022 8.516% -1.995% 10.511% 10.448%Account Index Index Start Date Index End DateCity - US Bank - Safekeeping ICE BofA 1-5 Year AAA-A US Corporate Index 11/30/2007 --- Investment Returns - TR City - US Bank - Safekeeping (83145) Base Currency: USD As of 03/31/2022 Return to Table of Contents Dated: 12/28/2022 5

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Net of Fees (includes management and trading).

Returns are actual and have not been annualized.No Tax Adjustment.Note that data will not exist prior to the performance inception date of: 03/07/2017.

Period Begin Period End Total Return, Net of Fees Income Return, Net of Fees Price Return, Net of Fees01/01/2022 01/31/2022 -0.734% 0.137% -0.872%02/01/2022 02/28/2022 -0.383% 0.132% -0.515%03/01/2022 03/31/2022 -1.534% 0.134% -1.668%--- --- --- --- ---Account Index Index Start Date Index End DateCity - US Bank - Safekeeping ICE BofA 1-5 Year AAA-A US Corporate Index 11/30/2007 --- Cumulative Investment Returns - TR City - US Bank - Safekeeping (83145) Base Currency: USD 01/01/2022 - 03/31/2022 Return to Table of Contents Dated: 12/28/2022 6

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Index Comparison Summary
Index Comparison Market Sector
Index Comparison DurationIndex Comparison Credit Rating Index Comparison City - US Bank - Safekeeping (83145)01/01/2022 - 03/31/2022 Return to Table of Contents Dated: 12/28/2022 7

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Index Comparison Summary
Risk Metric Portfolio Index DifferenceDuration 2.521 2.771 -0.250Yield 2.392 2.863 -0.471Years to Effective Maturity 2.765 2.961 -0.196Years to Final Maturity 2.801 2.961 -0.160Average Credit Rating A+ A --- Footnote: 1 Index Comparison Market Sector
Market Sector Portfolio Index DifferenceGovernment 11.805% 0.000% 11.805%Agency 30.321% 0.000% 30.321%Municipal 7.250% 0.000% 7.250%Financial 28.737% 58.565% -29.827%Industrial 19.908% 37.549% -17.641%Utility 1.855% 3.887% -2.032%Mortgage Backed 0.123% 0.000% 0.123%Cash 0.001% 0.000% 0.001% Footnote: 2
Index Comparison Duration
Duration Portfolio Index Difference< 0 0.000% --- --- 0 - 1 16.495% 1.584% 14.910%1 - 2 26.056% 28.285% -2.229%2 - 3 17.669% 29.108% -11.439%3 - 4 18.974% 23.276% -4.303%4 - 5 17.951% 17.747% 0.204%5 - 7 2.857% 0.000% 2.857%7 - 10 0.000% 0.000% 0.000%10 - 15 0.000% 0.000% 0.000%15 - 30 0.000% 0.000% 0.000%30 + 0.000% --- --- No Duration 0.000% --- --- Footnote: 3 Index Comparison Credit Rating
Credit Rating Portfolio Index DifferenceAAA 3.437% 2.167% 1.269%AA 57.899% 15.802% 42.097%A 25.513% 82.030% -56.518%BBB 7.833% 0.000% 7.833%Non-Invest 0.000% 0.000% 0.000%Not Rated 5.318% 0.000% 5.318% Footnote: 4
Index Comparison City - US Bank - Safekeeping (83145)01/01/2022 - 03/31/2022 Return to Table of Contents Dated: 12/28/2022 8

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Index: ICE BofA 1-5 Year AAA-A US Corporate Index.
1: * Grouped by: Risk Metric. 2: * Grouped by: Market Sector. 3: * Grouped by: Duration. 4: * Grouped by: Credit Rating.

Index Comparison City - US Bank - Safekeeping (83145)01/01/2022 - 03/31/2022 Return to Table of Contents Dated: 12/28/2022 9

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Security Type Description Identifier Trade Date Final Maturity Yield to Maturity Base Current Units Base Original Cost Market Price
Base Market Value Base Accrued
Balance
Base Market Value +
Accrued
CORP 3M CO 88579YBE0 02/06/2019 02/14/2024 1.515 1,000,000.00 997,250.00 99.6420 996,420.00 887.88 997,307.88CD American Express National Bank 02587DZ76 09/06/2017 09/12/2022 2.437 249,000.00 248,502.00 99.9820 248,955.27 327.45 249,282.72CORP APPLE INC 037833CG3 01/11/2022 02/09/2024 2.292 2,000,000.00 2,079,720.00 101.2770 2,025,540.00 8,666.67 2,034,206.67CORP BANK OF NEW YORK MELLON CORP 06406HCV9 11/27/2019 05/15/2024 2.682 2,000,000.00 2,112,300.00 101.4686 2,029,372.00 25,688.89 2,055,060.89CD Barclays Bank Delaware 06740KKD8 09/06/2017 07/12/2022 2.190 248,000.00 248,000.00 100.0000 248,000.00 1,180.89 249,180.89CORP BAYLOR SCOTT & WHITE HOLDINGS 072863AB9 11/27/2019 11/15/2025 2.741 750,000.00 783,997.50 101.2122 759,091.50 8,769.17 767,860.67CD BMW Bank of North America 05580AE67 10/07/2021 10/08/2024 0.650 249,000.00 249,000.00 100.0000 249,000.00 775.99 249,775.99CORP BNP PARIBAS SA 05574LFY9 06/27/2018 03/03/2023 2.151 1,250,000.00 1,238,700.00 100.9998 1,262,497.50 3,159.72 1,265,657.22CD C.B.C. Federal Credit Union 12481GAV9 12/21/2021 01/21/2026 1.100 249,000.00 249,000.00 100.0000 249,000.00 525.29 249,525.29MUNI CALIFORNIA ST 13063DAD0 06/01/2017 04/01/2022 2.339 2,000,000.00 2,021,560.00 100.0000 2,000,000.00 23,670.00 2,023,670.00CORP CAPITAL IMPACT PARTNERS 14020AAH7 01/09/2018 01/15/2023 2.279 1,000,000.00 1,000,000.00 100.3279 1,003,279.00 5,700.00 1,008,979.00CD Capital One Bank (USA), National Association
14042TDW4 11/09/2021 11/17/2026 1.100 248,000.00 248,000.00 100.0000 248,000.00 1,008.99 249,008.99 CD Capital One, National Association 14042RQB0 11/09/2021 11/17/2026 1.100 248,000.00 248,000.00 100.0000 248,000.00 1,008.99 249,008.99CORP CITIBANK NA 17325FAS7 11/27/2019 01/23/2024 2.619 1,000,000.00 1,061,990.00 101.8101 1,018,101.00 6,894.44 1,024,995.44CD Citibank, N.A. 17312QM48 05/31/2018 06/06/2023 3.265 246,000.00 245,754.00 99.9764 245,941.94 2,540.88 248,482.81CORP CITIGROUP INC 17290AAR1 01/11/2022 01/20/2027 3.282 1,000,000.00 1,000,000.00 94.5559 945,559.00 2,958.33 948,517.33CD Connexus Credit Union 20825WAR1 12/21/2021 12/23/2026 1.250 249,000.00 249,000.00 100.0000 249,000.00 8.53 249,008.53MUNI CONTRA COSTA CNTY CALIF REDEV AGY

SUCCESSOR AGY TA
212263AU1 03/04/2020 08/01/2024 2.994 600,000.00 638,430.00 99.4510 596,706.00 2,750.00 599,456.00 CORP EQUINOR ASA 85771PAX0 11/27/2019 11/10/2024 2.878 1,430,000.00 1,509,651.00 100.9265 1,443,248.95 18,202.71 1,461,451.66CD Essential Federal Credit Union 29670PAA0 12/04/2018 12/05/2023 3.566 245,000.00 244,755.00 99.9664 244,917.75 2,787.97 247,705.72CORP EXXON MOBIL CORP 30231GBC5 08/28/2019 08/16/2024 2.456 1,000,000.00 1,012,150.00 98.9964 989,964.00 2,523.75 992,487.75CORP EXXON MOBIL CORP 30231GBC5 10/24/2019 08/16/2024 2.456 500,000.00 505,000.00 98.9964 494,982.00 1,261.88 496,243.88AGCY BOND FEDERAL AGRICULTURAL MORTGAGE CORP
31422XML3 09/24/2021 09/08/2025 2.560 1,000,000.00 997,200.00 93.5923 935,923.00 383.33 936,306.33

AGCY BOND FEDERAL FARM CREDIT BANKS

FUNDING CORP
3133EM6P2 09/24/2021 09/29/2025 2.533 2,000,000.00 1,998,012.00 93.9081 1,878,162.00 77.78 1,878,239.78

AGCY BOND FEDERAL FARM CREDIT BANKS

FUNDING CORP
3133ENGA2 12/10/2021 12/01/2025 2.602 1,000,000.00 1,003,879.00 95.4754 954,754.00 4,333.33 959,087.33

AGCY BOND FEDERAL FARM CREDIT BANKS

FUNDING CORP
3133ENKD1 01/11/2022 01/13/2026 2.619 1,000,000.00 1,000,000.00 95.6339 956,339.00 3,033.33 959,372.33 AGCY BOND FEDERAL HOME LOAN BANKS 3130ANX62 10/19/2021 06/30/2025 2.523 1,000,000.00 996,000.00 94.1896 941,896.00 1,643.06 943,539.06AGCY BOND FEDERAL HOME LOAN BANKS 3130AP4L6 09/24/2021 03/28/2025 2.517 2,000,000.00 2,000,000.00 94.5088 1,890,176.00 100.00 1,890,276.00AGCY BOND FEDERAL HOME LOAN BANKS 3130APCH6 09/27/2021 09/29/2026 2.609 3,000,000.00 3,000,000.00 93.7429 2,812,287.00 187.50 2,812,474.50AGCY BOND FEDERAL HOME LOAN BANKS 3130APD77 09/29/2021 10/06/2028 2.734 2,000,000.00 2,000,000.00 92.9201 1,858,402.00 14,972.22 1,873,374.22AGCY BOND FEDERAL HOME LOAN BANKS 3130AP4X0 09/24/2021 09/30/2026 2.588 2,000,000.00 2,000,000.00 93.2959 1,865,918.00 55.56 1,865,973.56AGCY BOND FEDERAL HOME LOAN BANKS 3130APP25 11/09/2021 11/18/2025 2.573 1,000,000.00 1,001,565.00 94.7190 947,190.00 3,842.22 951,032.22AGCY BOND FEDERAL HOME LOAN BANKS 3130APGT6 10/19/2021 10/28/2026 2.610 1,000,000.00 1,000,000.00 93.7431 937,431.00 4,887.50 942,318.50AGCY BOND FEDERAL HOME LOAN BANKS 3130APVC6 12/10/2021 12/01/2026 2.645 1,000,000.00 1,000,000.00 94.4569 944,569.00 4,583.33 949,152.33AGCY BOND FEDERAL HOME LOAN BANKS 3130ARF55 03/22/2022 03/30/2027 2.954 1,000,000.00 1,000,000.00 98.3634 983,634.00 72.22 983,706.22AGCY BOND FEDERAL HOME LOAN MORTGAGE CORP 3134GW7K6 11/09/2021 11/03/2023 2.213 1,000,000.00 998,029.00 97.0297 970,297.00 1,233.33 971,530.33AGCY BOND FEDERAL NATIONAL MORTGAGE

ASSOCIATION
3135GABN0 12/10/2021 12/29/2023 2.303 1,000,000.00 993,507.00 96.5595 965,595.00 715.56 966,310.56 CD First National Bank 32117BEQ7 12/21/2021 12/30/2026 1.250 249,000.00 249,000.00 100.0000 249,000.00 17.05 249,017.05GNMA G2 004636 36202FEH5 06/07/2012 02/20/2040 1.889 59,827.06 59,827.06 108.9976 65,210.03 224.35 65,434.39GNMA G2 004649 36202FEW2 06/07/2012 03/20/2040 --- 14,779.37 14,779.37 103.1410 15,243.58 55.42 15,299.01GNMA GN 354094 36203NKF4 05/29/2012 05/15/2023 2.080 8.12 8.12 101.8829 8.27 0.05 8.32CD Goldman Sachs Bank USA 38148PPJ0 09/07/2017 09/13/2022 2.397 249,000.00 249,000.00 100.0000 249,000.00 311.08 249,311.08CORP GOLDMAN SACHS GROUP INC 38150AKG9 02/04/2022 02/14/2025 3.121 1,000,000.00 1,000,000.00 97.2862 972,862.00 2,774.31 975,636.31CD GreenState Credit Union 39573LBZ0 10/01/2021 10/15/2026 1.050 249,000.00 249,000.00 100.0000 249,000.00 222.05 249,222.05MUNI HAWAII ST 419792ZL3 03/22/2022 10/01/2025 2.689 1,000,000.00 944,150.00 93.9040 939,040.00 4,260.00 943,300.00CORP HSBC HOLDINGS PLC 404280BA6 10/23/2018 05/25/2023 2.656 1,000,000.00 989,560.00 101.0595 1,010,595.00 12,600.00 1,023,195.00 Investment Portfolio Detail - TR City - US Bank - Safekeeping (83145)Base Currency: USD As of 03/31/2022 Return to Table of Contents Dated: 12/28/2022 10

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* Weighted by: Base Market Value + Accrued. * Holdings Displayed by: Lot.

Security Type Description Identifier Trade Date Final Maturity Yield to Maturity Base Current Units Base Original Cost Market Price
Base Market Value Base Accrued
Balance
Base Market Value +
Accrued
CD Industrial and Commercial Bank of China
(USA), Nat
45581EAK7 09/06/2017 09/20/2022 2.300 247,000.00 247,000.00 100.0000 247,000.00 186.77 247,186.77

SUPRANATIONAL

INTERNATIONAL BANK FORRECONSTRUCTION AND DEVELOPM
459058HC0 10/28/2019 08/06/2024 0.408 1,250,000.00 1,256,875.27 100.4395 1,255,493.75 710.07 1,256,203.82 CORP JOHN DEERE CAPITAL CORP 24422ETT6 01/11/2022 06/24/2024 2.588 1,000,000.00 1,037,321.00 100.1322 1,001,322.00 7,140.28 1,008,462.28CORP JOHNSON & JOHNSON 478160BY9 02/04/2022 03/01/2026 2.584 1,000,000.00 1,025,723.00 99.5034 995,034.00 2,041.67 997,075.67CORP JPMORGAN CHASE & CO 46625HJT8 02/06/2019 02/01/2024 2.598 1,000,000.00 1,030,370.00 102.2689 1,022,689.00 6,458.33 1,029,147.33CD JPMorgan Chase Bank, National Association 48128WDB8 11/09/2021 11/17/2026 0.000 248,000.00 248,000.00 100.0000 248,000.00 0.00 248,000.00CD Maine Savings Bank 560507AN5 11/04/2019 11/08/2024 1.900 249,000.00 249,000.00 100.0000 249,000.00 311.08 249,311.08CD Medallion Bank 58404DNM9 03/28/2022 03/31/2025 2.200 249,000.00 249,000.00 100.0000 249,000.00 15.01 249,015.01CD Merrick Bank Corporation 59013KBZ8 08/05/2019 08/09/2024 2.150 249,000.00 249,000.00 100.0000 249,000.00 337.34 249,337.34CD Morgan Stanley Private Bank, National Association
61760ASZ3 12/04/2018 12/06/2023 3.566 245,000.00 244,755.00 99.9664 244,917.62 2,764.14 247,681.75 CD Numerica Credit Union 67054NAP8 12/04/2018 12/21/2023 3.600 249,000.00 249,000.00 100.0000 249,000.00 270.15 249,270.15CORP ORACLE CORP 68389XBL8 10/23/2018 09/15/2023 2.676 1,000,000.00 950,680.00 99.6074 996,074.00 1,066.67 997,140.67MUNI PASADENA CALIF PENSION OBLIG 70227RAG5 08/28/2019 05/01/2024 2.544 250,000.00 266,375.00 101.6040 254,010.00 3,479.17 257,489.17CASH Receivable CCYUSD --- 03/31/2022 --- 412.38 412.38 1.0000 412.38 0.00 412.38CORP SANOFI SA 801060AC8 06/27/2018 06/19/2023 2.228 1,250,000.00 1,254,825.00 101.3672 1,267,090.00 11,953.13 1,279,043.13MUNI SANTA ROSA CALIF REGL RES AUTH REV
802629AY1 03/04/2020 08/01/2023 2.538 925,000.00 972,933.50 100.1120 926,036.00 4,046.88 930,082.88 CORP SOUTHERN CALIFORNIA EDISON CO 842400GL1 06/04/2018 06/01/2023 3.182 1,200,000.00 1,202,712.00 100.2448 1,202,937.60 13,600.00 1,216,537.60CD State Bank of India - Chicago Branch 856283U87 10/15/2021 10/19/2026 1.100 249,000.00 249,000.00 100.0000 249,000.00 1,230.67 250,230.67CORP STATE STREET CORP 857477AN3 03/04/2020 12/16/2024 2.846 1,000,000.00 1,089,920.00 101.1717 1,011,717.00 9,625.00 1,021,342.00CD Synchrony Bank 87164WD47 10/01/2021 10/08/2026 1.000 249,000.00 249,000.00 100.0000 249,000.00 1,210.42 250,210.42CD Texas Exchange Bank 88241TLZ1 10/01/2021 11/14/2025 0.850 249,000.00 249,000.00 100.0000 249,000.00 139.17 249,139.17CD TIAA, FSB 87270LAT0 09/06/2017 09/14/2022 2.198 249,000.00 249,000.00 100.0000 249,000.00 210.12 249,210.12CD Toyota Financial Savings Bank 89235MLU3 10/12/2021 10/14/2026 1.050 249,000.00 249,000.00 100.0000 249,000.00 1,210.55 250,210.55CORP TOYOTA MOTOR CREDIT CORP 89233P7F7 06/04/2018 01/10/2023 2.007 1,000,000.00 973,770.00 100.4711 1,004,711.00 5,906.25 1,010,617.25CD UBS Bank USA 90348JT91 10/06/2021 10/06/2026 1.000 249,000.00 249,000.00 100.0000 249,000.00 177.37 249,177.37CD United Credit Union 910160AT7 10/30/2019 12/01/2022 1.950 249,000.00 249,000.00 100.0000 249,000.00 13.30 249,013.30US GOV UNITED STATES TREASURY 912833LT5 09/24/2021 11/15/2024 2.401 2,000,000.00 1,967,720.00 93.9297 1,878,593.74 0.00 1,878,593.74US GOV UNITED STATES TREASURY 912833LZ1 10/19/2021 05/15/2026 2.443 2,000,000.00 1,908,260.00 90.4688 1,809,375.00 0.00 1,809,375.00US GOV UNITED STATES TREASURY 912833PA2 09/24/2021 08/15/2026 2.463 1,000,000.00 956,170.00 89.8359 898,359.37 0.00 898,359.37US GOV UNITED STATES TREASURY 91282CAT8 11/09/2021 10/31/2025 2.512 1,000,000.00 976,612.00 92.2969 922,968.75 1,049.72 924,018.47US GOV UNITED STATES TREASURY 91282CDD0 02/04/2022 10/31/2023 2.141 1,000,000.00 987,146.00 97.2656 972,656.25 1,574.59 974,230.84CORP US BANCORP 91159HHV5 02/06/2019 02/05/2024 2.605 1,000,000.00 1,010,170.00 101.3753 1,013,753.00 5,250.00 1,019,003.00CD USAlliance Federal Credit Union 90352RCB9 12/21/2021 12/30/2024 1.000 249,000.00 249,000.00 100.0000 249,000.00 211.48 249,211.48CD VyStar Credit Union 92891CCE0 12/10/2018 12/11/2023 3.650 249,000.00 249,000.00 100.0000 249,000.00 24.90 249,024.90CORP WALMART INC 931142DU4 01/09/2018 12/15/2022 1.582 1,000,000.00 996,500.00 100.5353 1,005,353.00 6,919.44 1,012,272.44CD Washington State Bank 93974LAC4 10/15/2021 10/19/2026 0.850 249,000.00 249,000.00 100.0000 249,000.00 75.38 249,075.38CD WebBank 947547NN1 11/09/2021 11/29/2024 0.750 249,000.00 249,000.00 100.0000 249,000.00 629.32 249,629.32--- --- --- --- 01/17/2025 2.399 66,933,026.94 67,273,526.21 97.6944 65,301,611.26 271,721.34 65,573,332.61 Investment Portfolio Detail - TR City - US Bank - Safekeeping (83145)Base Currency: USD As of 03/31/2022 Return to Table of Contents Dated: 12/28/2022 11

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Compliance Summary
Policies: .Rules: .* Compliance Status as of previous business day.

Compliant Account Policy Name Total Rules Compliant Rules Violating Rules Investment Policy Compliance Summary - TR City - US Bank - Safekeeping (83145)As of 03/31/2022 Return to Table of Contents Dated: 12/28/2022 12

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Rules: .

Contributors: .* Viewing Violators Only.* Compliance Status as of previous business day.

Investment Policy Voilations - TR City - US Bank - Safekeeping (83145)As of 03/31/2022 Return to Table of Contents Dated: 12/28/2022 13

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Description Identifier Security Type Effective Date Agency Old Value New Value Event Type Credit Events - TR City - US Bank - Safekeeping (83145)Base Currency: USD 01/01/2022 - 03/31/2022 Return to Table of Contents Dated: 12/28/2022 14

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Treasurer's Report
City - US Bank - Safekeeping (83145)[04-01-2022]--[06-30-2022]04/01/2022 - 06/30/2022Dated: 12/28/2022Locked Down

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Balance Sheet City - US Bank - Safekeeping
As of: 03/31/2022 06/30/2022
Accumulated Allowance Written Off 0.00 0.00Accumulated Non-Purchased Allowance 0.00 0.00Original Cost less Due 67,273,113.83 70,238,551.11Net Accumulated Amortization/Accretion -218,112.48 -220,383.26Net Accumulated OTTI 0.00 0.00 Book Value less Due 67,055,001.35 70,018,167.85
Due and Accrued 272,133.73 309,440.49
Book Value + Accrued 67,327,135.08 70,327,608.34
Net Unrealized Carrying Value Gain -1,753,802.47 -2,527,763.75 Carrying Value and Accrued 65,573,332.61 67,799,844.59
Income Statement City - US Bank - Safekeeping
Begin Date
End Date
04/01/202206/30/2022
Net Amortization/Accretion Income -23,830.78
Interest Income 301,246.80Dividend Income 0.00Foreign Tax Withheld Expense 0.00Misc Income 0.00Net Allowance Expense 0.00 Income Subtotal 301,246.80
Net Realized Gain/Loss 0.00Impairment Loss 0.00
Net Gain/Loss 0.00
Expense 0.00
Net Income 277,416.02Transfers In/Out 2,723,057.25Change in Unrealized Gain/Loss -773,961.29 Statement of Cash Flows City - US Bank - Safekeeping
Begin Date
End Date
04/01/202206/30/2022
Net Income 277,416.02
Amortization/Accretion on MS 23,830.78Change in Accrued on MS 874.27Net Gain/Loss on MS 0.00Change in Unrealized G/L on CE 0.00 Subtotal 24,705.06
Purchase of MS -4,990,928.60Purchased Accrued of MS -38,194.34Sales of MS 3,931.31Sold Accrued of MS 0.00Maturities of MS 2,000,000.00 Net Purchases/Sales -3,025,191.63Transfers of Cash & CE 2,723,057.25Total Change in Cash & CE -13.30Beginning Cash & CE 412.38Ending Cash & CE 399.08 GAAP Financials City - US Bank - Safekeeping (83145)04/01/2022 - 06/30/2022 Return to Table of Contents Dated: 12/28/2022 1

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% Concentration by Security Type % Concentration by Market Sector % Concentration by Issuer Security Type Base Market Value + Accrued % of Base Market Value + Accrued
CORP 26,288,519.31 38.774%AGCY BOND 20,551,476.44 30.312%CD 8,216,377.66 12.119%US GOV 7,410,264.93 10.930%MUNI 4,000,381.35 5.900%SUPRANATIONAL 1,257,285.77 1.854%GNMA 75,140.05 0.111%CASH 399.08 0.001%Total 67,799,844.59 100.000% Footnotes: 1,2,3
Market Sector Base Market Value + Accrued % of Base Market Value + Accrued
Agency 20,551,476.44 30.312%Financial 20,426,294.10 30.127%Industrial 12,882,741.27 19.001%Government 8,667,550.70 12.784%Municipal 4,000,381.35 5.900%Utility 1,195,861.60 1.764%Mortgage Backed 75,140.05 0.111%Cash 399.08 0.001%Total 67,799,844.59 100.000% Footnotes: 2,3,4
Issuer Concentration Base Market Value +
Accrued
% of BaseMarket Value+ Accrued
Other 31,270,725.58 46.122%Federal Home Loan Banks 12,959,539.61 19.114%United States 7,485,404.98 11.040%Farm Credit System 3,748,072.44 5.528%Citigroup Inc. 2,184,853.58 3.223%Apple Inc. 2,020,890.67 2.981%The Bank of New York Mellon Corporation 2,010,706.89 2.966%Federal Agricultural Mortgage Corporation 1,917,546.50 2.828%Exxon Mobil Corporation 1,473,807.38 2.174%Equinor ASA 1,428,023.98 2.106%Los Angeles County 1,300,273.00 1.918%Total 67,799,844.59 100.000% Footnotes: 2,3,5
Risk Concentration Summary - TR City - US Bank - Safekeeping (83145)04/01/2022 - 06/30/2022 Return to Table of Contents Dated: 12/28/2022 2

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Risk Concentration Summary - TR City - US Bank - Safekeeping (83145)04/01/2022 - 06/30/2022 Return to Table of Contents Dated: 12/28/2022 3

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Transaction Type Description Identifier Coupon
Rate
Yield to Maturity Trade Date Final Maturity Base Original Units Price Base Principal Maturity CALIFORNIA ST 13063DAD0 2.367 0.000 04/01/2022 04/01/2022 -2,000,000.00 100.000 -2,000,000.00Principal Paydown G2 004649 36202FEW2 4.500 --- 04/01/2022 03/20/2040 0.00 --- -46.47Principal Paydown G2 004636 36202FEH5 4.500 1.934 04/01/2022 02/20/2040 0.00 --- -1,363.04Principal Paydown GN 354094 36203NKF4 7.500 3.157 04/01/2022 05/15/2023 0.00 --- -0.88Principal Paydown G2 004649 36202FEW2 4.500 --- 05/01/2022 03/20/2040 0.00 --- -46.43Principal Paydown G2 004636 36202FEH5 4.500 2.679 05/01/2022 02/20/2040 0.00 --- -1,169.65Principal Paydown GN 354094 36203NKF4 7.500 2.365 05/01/2022 05/15/2023 0.00 --- -0.89Principal Paydown G2 004649 36202FEW2 4.500 --- 06/01/2022 03/20/2040 0.00 --- -46.64Principal Paydown G2 004636 36202FEH5 4.500 2.723 06/01/2022 02/20/2040 0.00 --- -1,256.42Principal Paydown GN 354094 36203NKF4 7.500 3.747 06/01/2022 05/15/2023 0.00 --- -0.89Buy LOS ANGELES CALIF UNI SCH DIST 544646A69 5.981 4.047 06/10/2022 05/01/2027 1,160,000.00 108.976 1,264,121.60Buy UNITED STATES TREASURY 91282CEK3 2.500 3.039 06/10/2022 04/30/2024 1,000,000.00 99.271 992,714.00Buy FEDERAL AGRICULTURAL MORTGAGE CORP 31422XXV9 2.625 3.276 06/10/2022 04/21/2025 1,000,000.00 98.709 987,093.00Buy BANK OF AMERICA CORP 06048WW48 3.750 3.750 06/10/2022 06/15/2026 1,000,000.00 100.000 1,000,000.00--- --- --- 3.383 2.421 --- 10/10/2024 2,160,000.00 --- 2,239,997.29 Investment Activity - TR City - US Bank - Safekeeping (83145)Base Currency: USD 04/01/2022 - 06/30/2022 Return to Table of Contents Dated: 12/28/2022 4

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Net of Fees (includes management and trading).

Returns are actual and have not been annualized.No Tax Adjustment.Note that data will not exist prior to the performance inception date of: 03/07/2017.Reported Index Return is always Total Return.

Period Period Begin Period End Total Return, Net of Fees Price Return, Net of Fees Income Return, Net of Fees Assigned Index ReturnTrailing Month 06/01/2022 06/30/2022 -0.433% -0.578% 0.146% -1.018%Quarter to Date 04/01/2022 06/30/2022 -0.776% -1.201% 0.425% -1.656%Year to Date 01/01/2022 06/30/2022 -3.386% -4.202% 0.815% -5.211%Since Inception 03/07/2017 06/30/2022 7.674% -3.299% 10.973% 8.619%Account Index Index Start Date Index End DateCity - US Bank - Safekeeping ICE BofA 1-5 Year AAA-A US Corporate Index 11/30/2007 --- Investment Returns - TR City - US Bank - Safekeeping (83145) Base Currency: USD As of 06/30/2022 Return to Table of Contents Dated: 12/28/2022 5

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Net of Fees (includes management and trading).

Returns are actual and have not been annualized.No Tax Adjustment.Note that data will not exist prior to the performance inception date of: 03/07/2017.

Period Begin Period End Total Return, Net of Fees Income Return, Net of Fees Price Return, Net of Fees04/01/2022 04/30/2022 -0.853% 0.138% -0.991%05/01/2022 05/31/2022 0.513% 0.143% 0.370%06/01/2022 06/30/2022 -0.433% 0.146% -0.578%--- --- --- --- ---Account Index Index Start Date Index End DateCity - US Bank - Safekeeping ICE BofA 1-5 Year AAA-A US Corporate Index 11/30/2007 --- Cumulative Investment Returns - TR City - US Bank - Safekeeping (83145) Base Currency: USD 04/01/2022 - 06/30/2022 Return to Table of Contents Dated: 12/28/2022 6

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Index Comparison Summary
Index Comparison Market Sector
Index Comparison DurationIndex Comparison Credit Rating Index Comparison City - US Bank - Safekeeping (83145)04/01/2022 - 06/30/2022 Return to Table of Contents Dated: 12/28/2022 7

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Index Comparison Summary
Risk Metric Portfolio Index DifferenceDuration 2.414 2.761 -0.347Yield 3.059 3.863 -0.804Years to Effective Maturity 2.638 2.976 -0.338Years to Final Maturity 2.703 2.976 -0.273Average Credit Rating A+ A --- Footnote: 1 Index Comparison Market Sector
Market Sector Portfolio Index DifferenceGovernment 12.784% 0.000% 12.784%Agency 30.312% 0.000% 30.312%Municipal 5.900% 0.000% 5.900%Financial 30.127% 59.707% -29.579%Industrial 19.001% 36.203% -17.202%Utility 1.764% 4.090% -2.326%Mortgage Backed 0.111% 0.000% 0.111%Cash 0.001% 0.000% 0.001% Footnote: 2
Index Comparison Duration
Duration Portfolio Index Difference< 0 0.000% --- --- 0 - 1 19.139% 1.245% 17.894%1 - 2 24.676% 27.685% -3.009%2 - 3 17.347% 29.561% -12.215%3 - 4 16.603% 25.164% -8.561%4 - 5 19.589% 16.345% 3.245%5 - 7 2.646% 0.000% 2.646%7 - 10 0.000% 0.000% 0.000%10 - 15 0.000% 0.000% 0.000%15 - 30 0.000% 0.000% 0.000%30 + 0.000% --- --- No Duration 0.000% --- --- Footnote: 3 Index Comparison Credit Rating
Credit Rating Portfolio Index DifferenceAAA 3.304% 2.172% 1.132%AA 55.156% 15.150% 40.005%A 27.845% 82.678% -54.833%BBB 7.452% 0.000% 7.452%Non-Invest 0.000% 0.000% 0.000%Not Rated 6.244% 0.000% 6.244% Footnote: 4
Index Comparison City - US Bank - Safekeeping (83145)04/01/2022 - 06/30/2022 Return to Table of Contents Dated: 12/28/2022 8

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Index: ICE BofA 1-5 Year AAA-A US Corporate Index.
1: * Grouped by: Risk Metric. 2: * Grouped by: Market Sector. 3: * Grouped by: Duration. 4: * Grouped by: Credit Rating.

Index Comparison City - US Bank - Safekeeping (83145)04/01/2022 - 06/30/2022 Return to Table of Contents Dated: 12/28/2022 9

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Security Type Description Identifier Trade Date Final Maturity Yield to Maturity Base Current Units Base Original Cost Market Price
Base Market Value Base Accrued
Balance
Base Market Value +
Accrued
CORP 3M CO 88579YBE0 02/06/2019 02/14/2024 3.036 1,000,000.00 997,250.00 99.3833 993,833.00 2,186.65 996,019.65CD American Express National Bank 02587DZ76 09/06/2017 09/12/2022 2.422 249,000.00 248,502.00 99.9920 248,980.09 1,817.36 250,797.45CORP APPLE INC 037833CG3 01/11/2022 02/09/2024 3.088 2,000,000.00 2,079,720.00 99.8612 1,997,224.00 23,666.67 2,020,890.67CORP BANK OF AMERICA CORP 06048WW48 06/10/2022 06/15/2026 3.668 1,000,000.00 1,000,000.00 100.2970 1,002,970.00 1,666.67 1,004,636.67CORP BANK OF NEW YORK MELLON CORP 06406HCV9 11/27/2019 05/15/2024 3.343 2,000,000.00 2,112,300.00 100.1009 2,002,018.00 8,688.89 2,010,706.89CD Barclays Bank Delaware 06740KKD8 09/06/2017 07/12/2022 2.178 248,000.00 248,000.00 100.0000 248,000.00 2,541.15 250,541.15CORP BAYLOR SCOTT & WHITE HOLDINGS 072863AB9 11/27/2019 11/15/2025 3.820 750,000.00 783,997.50 97.7228 732,921.00 2,966.04 735,887.04CD BMW Bank of North America 05580AE67 10/07/2021 10/08/2024 0.650 249,000.00 249,000.00 100.0000 249,000.00 372.48 249,372.48CORP BNP PARIBAS SA 05574LFY9 06/27/2018 03/03/2023 3.258 1,250,000.00 1,238,700.00 99.9920 1,249,900.00 13,315.97 1,263,215.97CD C.B.C. Federal Credit Union 12481GAV9 12/21/2021 01/21/2026 1.100 249,000.00 249,000.00 100.0000 249,000.00 1,208.16 250,208.16CORP CAPITAL IMPACT PARTNERS 14020AAH7 01/09/2018 01/15/2023 3.511 1,000,000.00 1,000,000.00 99.5663 995,663.00 5,700.00 1,001,363.00CD Capital One Bank (USA), National Association
14042TDW4 11/09/2021 11/17/2026 1.100 248,000.00 248,000.00 100.0000 248,000.00 336.33 248,336.33 CD Capital One, National Association 14042RQB0 11/09/2021 11/17/2026 1.100 248,000.00 248,000.00 100.0000 248,000.00 336.33 248,336.33CD Celtic Bank Corporation 15118RXY8 03/28/2022 04/08/2027 2.400 249,000.00 249,000.00 100.0000 249,000.00 376.57 249,376.57CORP CITIBANK NA 17325FAS7 11/27/2019 01/23/2024 3.386 1,000,000.00 1,061,990.00 100.3970 1,003,970.00 16,019.44 1,019,989.44CD Citibank, N.A. 17312QM48 05/31/2018 06/06/2023 3.267 246,000.00 245,754.00 99.9814 245,954.20 547.60 246,501.80CORP CITIGROUP INC 17290AAR1 01/11/2022 01/20/2027 4.225 1,000,000.00 1,000,000.00 91.1654 911,654.00 6,708.33 918,362.33CD Connexus Credit Union 20825WAR1 12/21/2021 12/23/2026 1.250 249,000.00 249,000.00 100.0000 249,000.00 8.53 249,008.53MUNI CONTRA COSTA CNTY CALIF REDEV AGY

SUCCESSOR AGY TA
212263AU1 03/04/2020 08/01/2024 3.564 600,000.00 638,430.00 98.3750 590,250.00 6,875.00 597,125.00 CD Dundee Bank 26518EAT6 03/28/2022 10/08/2026 2.200 249,000.00 249,000.00 100.0000 249,000.00 345.19 249,345.19CORP EQUINOR ASA 85771PAX0 11/27/2019 11/10/2024 3.515 1,430,000.00 1,509,651.00 99.4014 1,421,440.02 6,583.96 1,428,023.98CD Essential Federal Credit Union 29670PAA0 12/04/2018 12/05/2023 3.568 245,000.00 244,755.00 99.9714 244,929.96 619.55 245,549.51CORP EXXON MOBIL CORP 30231GBC5 08/28/2019 08/16/2024 3.245 1,000,000.00 1,012,150.00 97.4967 974,967.00 7,571.25 982,538.25CORP EXXON MOBIL CORP 30231GBC5 10/24/2019 08/16/2024 3.245 500,000.00 505,000.00 97.4967 487,483.50 3,785.63 491,269.13AGCY BOND FEDERAL AGRICULTURAL MORTGAGE CORP
31422XML3 09/24/2021 09/08/2025 3.120 1,000,000.00 997,200.00 92.4056 924,056.00 1,883.33 925,939.33

AGCY BOND FEDERAL AGRICULTURAL MORTGAGE
CORP
31422XXV9 06/10/2022 04/21/2025 3.130 1,000,000.00 987,093.00 98.6503 986,503.00 5,104.17 991,607.17

AGCY BOND FEDERAL FARM CREDIT BANKS

FUNDING CORP
3133EM6P2 09/24/2021 09/29/2025 3.085 2,000,000.00 1,998,012.00 92.6834 1,853,668.00 3,577.78 1,857,245.78

AGCY BOND FEDERAL FARM CREDIT BANKS

FUNDING CORP
3133ENGA2 12/10/2021 12/01/2025 3.125 1,000,000.00 1,003,879.00 94.1228 941,228.00 1,083.33 942,311.33

AGCY BOND FEDERAL FARM CREDIT BANKS

FUNDING CORP
3133ENKD1 01/11/2022 01/13/2026 3.146 1,000,000.00 1,000,000.00 94.1982 941,982.00 6,533.33 948,515.33 AGCY BOND FEDERAL HOME LOAN BANKS 3130ANX62 10/19/2021 06/30/2025 3.076 1,000,000.00 996,000.00 93.0980 930,980.00 18.06 930,998.06AGCY BOND FEDERAL HOME LOAN BANKS 3130AP4L6 09/24/2021 03/28/2025 3.063 2,000,000.00 2,000,000.00 93.5621 1,871,242.00 3,100.00 1,874,342.00AGCY BOND FEDERAL HOME LOAN BANKS 3130APCH6 09/27/2021 09/29/2026 3.136 3,000,000.00 3,000,000.00 92.0600 2,761,800.00 8,625.00 2,770,425.00AGCY BOND FEDERAL HOME LOAN BANKS 3130APD77 09/29/2021 10/06/2028 3.449 2,000,000.00 2,000,000.00 89.3233 1,786,466.00 7,272.22 1,793,738.22AGCY BOND FEDERAL HOME LOAN BANKS 3130AP4X0 09/24/2021 09/30/2026 3.121 2,000,000.00 2,000,000.00 91.6184 1,832,368.00 5,055.56 1,837,423.56AGCY BOND FEDERAL HOME LOAN BANKS 3130APP25 11/09/2021 11/18/2025 3.107 1,000,000.00 1,001,565.00 93.4086 934,086.00 1,242.22 935,328.22AGCY BOND FEDERAL HOME LOAN BANKS 3130APGT6 10/19/2021 10/28/2026 3.147 1,000,000.00 1,000,000.00 91.9793 919,793.00 2,012.50 921,805.50AGCY BOND FEDERAL HOME LOAN BANKS 3130APVC6 12/10/2021 12/01/2026 3.175 1,000,000.00 1,000,000.00 92.6296 926,296.00 1,145.83 927,441.83AGCY BOND FEDERAL HOME LOAN BANKS 3130ARF55 03/22/2022 03/30/2027 3.487 1,000,000.00 1,000,000.00 96.1465 961,465.00 6,572.22 968,037.22AGCY BOND FEDERAL HOME LOAN MORTGAGE CORP 3134GW7K6 11/09/2021 11/03/2023 2.970 1,000,000.00 998,029.00 96.5137 965,137.00 483.33 965,620.33AGCY BOND FEDERAL NATIONAL MORTGAGE

ASSOCIATION
3135GABN0 12/10/2021 12/29/2023 2.985 1,000,000.00 993,507.00 96.0682 960,682.00 15.56 960,697.56 CD First National Bank 32117BEQ7 12/21/2021 12/30/2026 1.250 249,000.00 249,000.00 100.0000 249,000.00 8.53 249,008.53GNMA G2 004636 36202FEH5 06/07/2012 02/20/2040 2.900 56,037.95 56,037.95 107.1489 60,044.07 210.14 60,254.21GNMA G2 004649 36202FEW2 06/07/2012 03/20/2040 --- 14,639.83 14,639.83 101.2675 14,825.39 54.90 14,880.29GNMA GN 354094 36203NKF4 05/29/2012 05/15/2023 3.155 5.46 5.46 100.9582 5.51 0.03 5.55CD Goldman Sachs Bank USA 38148PPJ0 09/07/2017 09/13/2022 2.383 249,000.00 249,000.00 100.0000 249,000.00 1,800.99 250,800.99CORP GOLDMAN SACHS GROUP INC 38150AKG9 02/04/2022 02/14/2025 4.494 1,000,000.00 1,000,000.00 94.1985 941,985.00 8,086.81 950,071.81 Investment Portfolio Detail - TR City - US Bank - Safekeeping (83145)Base Currency: USD As of 06/30/2022 Return to Table of Contents Dated: 12/28/2022 10

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* Weighted by: Base Market Value + Accrued. * Holdings Displayed by: Lot.

SUPRANATIONAL

INTERNATIONAL BANK FORRECONSTRUCTION AND DEVELOPM
459058HC0 10/28/2019 08/06/2024 1.646 1,250,000.00 1,256,875.27 100.4087 1,255,108.75 2,177.02 1,257,285.77 CORP JOHN DEERE CAPITAL CORP 24422ETT6 01/11/2022 06/24/2024 3.273 1,000,000.00 1,037,321.00 98.8129 988,129.00 515.28 988,644.28CORP JOHNSON & JOHNSON 478160BY9 02/04/2022 03/01/2026 3.205 1,000,000.00 1,025,723.00 97.4030 974,030.00 8,166.67 982,196.67CORP JPMORGAN CHASE & CO 46625HJT8 02/06/2019 02/01/2024 3.505 1,000,000.00 1,030,370.00 100.5639 1,005,639.00 16,145.83 1,021,784.83CD JPMorgan Chase Bank, National Association 48128WDB8 11/09/2021 11/17/2026 0.000 248,000.00 248,000.00 100.0000 248,000.00 0.00 248,000.00MUNI LOS ANGELES CALIF UNI SCH DIST 544646A69 06/10/2022 05/01/2027 3.896 1,160,000.00 1,264,121.60 109.1020 1,265,583.20 34,689.80 1,300,273.00CD Maine Savings Bank 560507AN5 11/04/2019 11/08/2024 1.900 249,000.00 249,000.00 100.0000 249,000.00 298.12 249,298.12CD Medallion Bank 58404DNM9 03/28/2022 03/31/2025 2.200 249,000.00 249,000.00 100.0000 249,000.00 15.01 249,015.01CD Merrick Bank Corporation 59013KBZ8 08/05/2019 08/09/2024 2.150 249,000.00 249,000.00 100.0000 249,000.00 322.68 249,322.68CD Morgan Stanley Private Bank, National Association
61760ASZ3 12/04/2018 12/06/2023 3.568 245,000.00 244,755.00 99.9714 244,929.83 595.72 245,525.55 CD Numerica Credit Union 67054NAP8 12/04/2018 12/21/2023 3.600 249,000.00 249,000.00 100.0000 249,000.00 245.59 249,245.59CORP ORACLE CORP 68389XBL8 10/23/2018 09/15/2023 3.665 1,000,000.00 950,680.00 98.5159 985,159.00 7,066.67 992,225.67MUNI PASADENA CALIF PENSION OBLIG 70227RAG5 08/28/2019 05/01/2024 3.092 250,000.00 266,375.00 100.4370 251,092.50 1,391.67 252,484.17CASH Receivable CCYUSD --- 06/30/2022 --- 399.08 399.08 1.0000 399.08 0.00 399.08CORP SANOFI SA 801060AC8 06/27/2018 06/19/2023 3.176 1,250,000.00 1,254,825.00 100.1878 1,252,347.50 1,406.25 1,253,753.75MUNI SANTA ROSA CALIF REGL RES AUTH REV
802629AY1 03/04/2020 08/01/2023 3.471 925,000.00 972,933.50 99.1040 916,712.00 10,117.19 926,829.19 CORP SOUTHERN CALIFORNIA EDISON CO 842400GL1 06/04/2018 06/01/2023 4.101 1,200,000.00 1,202,712.00 99.3718 1,192,461.60 3,400.00 1,195,861.60CD State Bank of India - Chicago Branch 856283U87 10/15/2021 10/19/2026 1.100 249,000.00 249,000.00 100.0000 249,000.00 547.80 249,547.80CORP STATE STREET CORP 857477AN3 03/04/2020 12/16/2024 3.432 1,000,000.00 1,089,920.00 99.6893 996,893.00 1,375.00 998,268.00CD Synchrony Bank 87164WD47 10/01/2021 10/08/2026 1.000 249,000.00 249,000.00 100.0000 249,000.00 581.00 249,581.00CD Texas Exchange Bank 88241TLZ1 10/01/2021 11/14/2025 0.850 249,000.00 249,000.00 100.0000 249,000.00 133.37 249,133.37CD TIAA, FSB 87270LAT0 09/06/2017 09/14/2022 2.186 249,000.00 249,000.00 100.0000 249,000.00 1,575.86 250,575.86CD Toyota Financial Savings Bank 89235MLU3 10/12/2021 10/14/2026 1.050 249,000.00 249,000.00 100.0000 249,000.00 558.72 249,558.72CORP TOYOTA MOTOR CREDIT CORP 89233P7F7 06/04/2018 01/10/2023 2.814 1,000,000.00 973,770.00 99.9010 999,010.00 12,468.75 1,011,478.75CD UBS Bank USA 90348JT91 10/06/2021 10/06/2026 1.000 249,000.00 249,000.00 100.0000 249,000.00 170.55 249,170.55CD United Credit Union 910160AT7 10/30/2019 12/01/2022 1.950 249,000.00 249,000.00 100.0000 249,000.00 13.30 249,013.30US GOV UNITED STATES TREASURY 912833LT5 09/24/2021 11/15/2024 2.904 2,000,000.00 1,967,720.00 93.3828 1,867,656.24 0.00 1,867,656.24US GOV UNITED STATES TREASURY 912833LZ1 10/19/2021 05/15/2026 2.991 2,000,000.00 1,908,260.00 89.1328 1,782,656.24 0.00 1,782,656.24US GOV UNITED STATES TREASURY 912833PA2 09/24/2021 08/15/2026 3.017 1,000,000.00 956,170.00 88.3750 883,750.00 0.00 883,750.00US GOV UNITED STATES TREASURY 91282CAT8 11/09/2021 10/31/2025 3.039 1,000,000.00 976,612.00 91.2188 912,187.50 421.20 912,608.70US GOV UNITED STATES TREASURY 91282CDD0 02/04/2022 10/31/2023 2.937 1,000,000.00 987,146.00 96.6719 966,718.75 631.79 967,350.54US GOV UNITED STATES TREASURY 91282CEK3 06/10/2022 04/30/2024 2.948 1,000,000.00 992,714.00 99.2031 992,031.25 4,211.96 996,243.21CORP US BANCORP 91159HHV5 02/06/2019 02/05/2024 3.224 1,000,000.00 1,010,170.00 100.2305 1,002,305.00 13,687.50 1,015,992.50CD USAlliance Federal Credit Union 90352RCB9 12/21/2021 12/30/2024 1.000 249,000.00 249,000.00 100.0000 249,000.00 204.66 249,204.66CD VyStar Credit Union 92891CCE0 12/10/2018 12/11/2023 3.650 249,000.00 249,000.00 100.0000 249,000.00 24.90 249,024.90CORP WALMART INC 931142DU4 01/09/2018 12/15/2022 2.619 1,000,000.00 996,500.00 99.8769 998,769.00 1,044.44 999,813.44CD Washington State Bank 93974LAC4 10/15/2021 10/19/2026 0.850 249,000.00 249,000.00 100.0000 249,000.00 69.58 249,069.58CD WebBank 947547NN1 11/09/2021 11/29/2024 0.750 249,000.00 249,000.00 100.0000 249,000.00 168.84 249,168.84--- --- --- --- 03/13/2025 3.063 69,836,082.32 70,238,950.20 96.8280 67,490,803.18 309,041.41 67,799,844.59 Investment Portfolio Detail - TR City - US Bank - Safekeeping (83145)Base Currency: USD As of 06/30/2022 Return to Table of Contents Dated: 12/28/2022 11

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Compliance Summary
Policies: .Rules: .* Compliance Status as of previous business day.

Compliant Account Policy Name Total Rules Compliant Rules Violating Rules Investment Policy Compliance Summary - TR City - US Bank - Safekeeping (83145)As of 06/30/2022 Return to Table of Contents Dated: 12/28/2022 12

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Rules: .

Contributors: .* Viewing Violators Only.* Compliance Status as of previous business day.

Investment Policy Voilations - TR City - US Bank - Safekeeping (83145)As of 06/30/2022 Return to Table of Contents Dated: 12/28/2022 13

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Description Identifier Security Type Effective Date Agency Old Value New Value Event Type CAPITAL IMPACT PARTNERS 14020AAH7 CORP 05/17/2022 S&P Stable Positive Outlook ChangedORACLE CORP 68389XBL8 CORP 06/08/2022 S&P BBB+ BBB DowngradeUNITED STATES TREASURY 91282CEK3 US GOV 06/29/2022 Fitch Negative Off Outlook Changed Credit Events - TR City - US Bank - Safekeeping (83145)Base Currency: USD 04/01/2022 - 06/30/2022 Return to Table of Contents Dated: 12/28/2022 14

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CONSENT CALENDAR

CITY OF SHAFTER

CITY COUNCIL REPORT
MEETING DATE: January 10, 2023
FROM: Gabriel A. Gonzalez, City Manager
PREPARED BY: Rogelio Sanchez, Finance Director
SUBJECT: APPROVAL OF AN ANNUAL SOFTWARE AGREEMENT
BETWEEN THE CITY OF SHAFTER AND FIFTH ASSET, INC.

DBA “DEBTBOOK” IN THE AMOUNT OF $11,000 FOR LEASE

MANAGEMENT ACCOUNTING APPLICATION

RECOMMENDATION
Council authorize the Finance Director to sign a software agreement between the City of Shafter and Fifth Asset Inc. DBA DebtBook for an annual software subscription for lease management accounting in the amount of $11,000; and authorize a budget amendment in the amount of $11,000 within the finance department for the annual software payment.

BACKGROUND
The Governmental Accounting Standards Board (GASB) has introduced statement number 87 to improve the accounting for leases. The accounting changes are mandated by US GAAP and are expected to be part of the fiscal year 2021/2022.

Accounting for leases has multiple complexities which necessitate specialized software as offered by DebtBook. The current CPA firm has recommended DebtBook as the best solution for the current requirements. Staff has searched for alternatives and has concluded that DebtBook is indeed the best long-term solution.

ANALYSIS
N/A

FISCAL IMPACT
FY 22-23 Budget amendment in the amount of $11,000.

CEQA ANALYSIS
The action is not defined as a “project” per Section 15378(b)(4) of the CEQA Guidelines because the action is entering into a software agreement for an annual software subscription and therefore, it is a governmental fiscal activity that does not involve any commitment to a specific project that can result in a potentially significant impact and not subject to CEQA.

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APPROVAL OF AN ANNUAL SOFTWARE AGREEMENT BETWEEN THE CITY OF SHAFTER AND FIFTH ASSET, INC. DBA “DEBTBOOK” IN THE AMOUNT OF $11,000 FOR LEASE MANAGEMENT

ACCOUNTING APPLICATION
- 2 -

APPROVED BY THE CITY ATTORNEY
No

ALTERNATIVES
GASB 87 is a new requirement, and few software companies have a working solution.

Staff can also attempt to work with manual entries, but it will require extensive training and leave the potential for errors and a negative audit grade along with late financial reports.

NEXT STEPS
Complete lease accounting for Fiscal Year 2021/2022.

ATTACHMENTS

1. DebtBook Proposal

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September 2022 Form

ORDER FORM
Fifth Asset, Inc., d/b/a DebtBook (“DebtBook”) is pleased to provide City of Shafter, CA (“Customer”) with the Services subject to the terms established in this Order Form, including DebtBook’s Price Quote attached as Exhibit A and incorporated herein by this reference (the “DebtBook Quote”). This Order Form may be modified or replaced from time to time by a subsequent Order Form duly executed and delivered by each party in connection with any Renewal Term.

The Services are subject to DebtBook’s General Terms & Conditions, which have been provided to Customer (the “Terms & Conditions”), and the Incorporated Documents referenced in the Terms & Conditions. Each capitalized term used but not defined in this Order Form has the meaning given in the Terms & Conditions.

Order Form Details
Effective Date: 12/14/2022 Billing Frequency: Annually
Initial Term End Date: 12/13/2023 Payment Terms: Net 30 Initial Pricing Tier: 2 See the DebtBook Quote for more details Services. Subject to the terms described in this Order Form, DebtBook will grant Customer access to the Application Services during the Initial Term described above and, if applicable, each subsequent Renewal Term.

As part of the onboarding process, DebtBook will provide Customer with the Onboarding Services and, if requested, the Implementation Services. DebtBook will also provide Customer with the Support Services throughout the Term.

Fees. DebtBook will charge Customer (1) a recurring Subscription Fee for Customer’s access to the Onboarding Services, the Application Services, and the Support Services and (2) if applicable, an Implementation Fee for the Implementation Services, in each case as set forth in the DebtBook Quote and this Order Form.

Generally, DebtBook sets Fees using its standard pricing schedule for the Services based on the Customer’s applicable Pricing Tier, which is based on the total number and amount of the Customer’s Application Obligations at the time of determination. DebtBook’s current pricing schedule and Pricing Tiers are set forth in the DebtBook Quote, which will remain in effect with respect to Customer throughout the Initial Term.

The Initial Pricing Tier indicated above is based on Customer’s good faith estimate of its Application Obligations as of the Effective Date. The Subscription Fees to be charged as provided in the DebtBook Quote will not change during the Initial Term, regardless of any change to the actual number or amount of the Customer’s Application Obligations during the Initial Term.

Implementation Services. At Customer’s request, DebtBook will provide Implementation Services to Customer for a 12-month period, with each such period beginning, if applicable, on the Effective Date and on each anniversary of the Effective Date thereafter (each, an “Implementation Period”). Customer may request Implementation Services at any time during the Term.

If Implementation Services are requested for any Implementation Period, then the Implementation Fee will be based on the aggregate number and amount of the Customer’s Application Obligations at the beginning of such Implementation Period. The Implementation Fee will be due and payable at the later of (1) the beginning of the applicable Implementation Period or (2) the date on which Customer requests Implementation Services for such Implementation Period, and will entitle Customer, in each case, to Implementation Services at the applicable Pricing Tier through the end of the Implementation Period then in effect.

For any Implementation Period, if the total number or amount of Customer’s Application Obligations implemented causes Customer’s applicable Pricing Tier to increase, then DebtBook will charge Customer an additional Implementation Fee such that the total Implementation Fee charged for such Implementation Period equals the Implementation Fee applicable to the increased Pricing Tier as set forth in the DebtBook Quote.

Billing. Unless otherwise provided in the Order Form or the Customer Terms, all Fees will be due and payable in advance on the terms indicated above, and each invoice will be emailed to the Customer’s billing contact indicated below.

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September 2022 Form
Renewal Term. The Agreement is subject to renewal on the terms set forth in the Terms & Conditions. The Pricing Tier applicable for each Renewal Term will be determined based on the aggregate number and amount of the Customer’s Application Obligations at the time of renewal.

Termination. The Agreement is subject to early termination on the terms set forth in the Terms & Conditions.

Entire Agreement. By executing this Order Form, each party agrees to be bound by this Order Form, the Terms & Conditions, the Incorporated Documents, and any Customer Terms.

This Order Form, the Customer Terms, the Terms & Conditions, and the Incorporated Documents constitute the complete “Agreement” between the parties and supersede any prior discussion or representations regarding the Customer’s purchase and use of the Services.

Intellectual Property. Except for the limited rights and licenses expressly granted to Customer under this Order Form and the Terms & Conditions, nothing in the Agreement grants to Customer or any third party any intellectual property rights or other right, title, or interest in or to the DebtBook IP.

Important Disclaimers & Limitations. EXCEPT FOR THE WARRANTIES SET FORTH IN THE TERMS & CONDITIONS, DEBTBOOK IP IS PROVIDED “AS IS,” AND DEBTBOOK DISCLAIMS ALL WARRANTIES, WHETHER

EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE, INCLUDING ALL IMPLIED WARRANTIES OF

MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT AND ALL WARRANTIES ARISING FROM COURSE OF DEALING, USAGE, OR TRADE PRACTICE. IN ADDITION, TO THE EXTENT PERMITTED BY APPLICABLE LAW, THE PARTIES’ LIABILITIES UNDER THE AGREEMENT ARE LIMITED AS SET FORTH IN THE TERMS & CONDITIONS.

Notices. Any Notice delivered under the Agreement will be delivered to the address below each party’s signature below.

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September 2022 Form
Authority; Execution. Each of the undersigned represents that they are authorized to (1) execute and deliver this Order Form on behalf of their respective party and (2) bind their respective party to the terms of the Agreement. This Order Form and any other documents executed and delivered in connection with the Agreement may be executed in counterparts, each of which is deemed an original, but all of which together are deemed to be one and the same agreement. To the extent permitted by applicable law, electronic signatures may be used for the purpose of executing the Order Form by email or other electronic means. Any document delivered electronically and accepted is deemed to be “in writing” to the same extent and with the same effect as if the document had been signed manually.

FIFTH ASSET, INC., D/B/A DEBTBOOK
By:

Name: Tyler Traudt
Title: CEO

CITY OF SHAFTER, CA
By:

Name: Roger Sanchez
Title: Administrative Services Director
Notice Address
300 W. Summit Avenue, Suite 110
Charlotte, NC 28203
Attention: Chief Executive Officer
[email protected]
Notice Address
336 Pacific Ave.

Shafter, CA 93263
Attention: Roger Sanchez
[email protected]
Billing Contact

SAME AS ABOVE

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September 2022 Form
Exhibit A
DebtBook Quote

[See attached.]

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Shafter, CA
Shafter, CA
Roger Sanchez
[email protected]
661-746-5001
Rocio Mosqueda
[email protected]
661-746-5001
Quote created: December 6, 2022
Quote expires: December 31, 2022
Quote created by: Bill Fray
Regional Sales Director
[email protected]
Comments from Bill Fray
We are pleased to offer the City a 10% discount due to referral from LSL.

Please note this quote is for Tier 2 pricing under DebtBook's 2022 pricing structure. Due to the company-wide pricing change taking effect on 1/1/2023, this quote is good until 12/31/2022.

Please also note, this quote is for White-Glove Implementation and we ask for 90 days to complete that process from the day we receieve all of the City's leases.

Products & Services
Item & Description SKU Quantity Unit Price Total
22 White Glove Implementation Fee Tier 2 22WGI2-
3 1 $2,000.00 $2,000.00
22 Subscription Fee Tier 2 22ST2-3 1 $9,750.00
/ year
$8,775.00
/ year
Total $10,775.00
This covers the cost of our White Glove Implementation process for your organization. for 1 year This represents the annual subscription fee your organization pays for the Application Services, Onboarding Services, and Support Services. This includes unlimited users and external sharing.
after 10%
discount
for 1 year

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2022 Pricing Tiers
The below tiers represent DebtBook's 2022 Pricing Tiers.

Questions? Contact me
Bill Fray
Regional Sales Director
[email protected]

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September 2022 Form
DEBTBOOK’S GENERAL TERMS & CONDITIONS
Please carefully read these General Terms and Conditions (these “Terms & Conditions”) which govern the Customer’s access and use of the Services described in the Order Form.

By executing the Order Form and using any of the Services, the Customer agrees to be bound by these Terms.

1. Definitions.
“Aggregated Statistics” means data and information related to Customer’s use of the Services that is used by DebtBook in an aggregate and anonymized manner, including statistical and performance information related to the Services.
“Agreement” means, collectively and to the extent applicable, the Order Form, any Customer Terms, these Terms & Conditions, and the Incorporated Documents, in each case as may be amended from time to time in accordance with their terms.
“Application Obligations” means, collectively, Customer’s debt, lease, and other financial obligations relevant to the Application Services.
“Application Services” means DebtBook’s debt, lease, and financial obligation management and compliance software-as-a-service application.
“Appropriate Security Measures” means, collectively, commercially reasonable technical and physical controls and safeguards intended to protect Customer Data against destruction, loss, unauthorized disclosure, or unauthorized access by employees or contractors employed by DebtBook. “Authorized User” means any of Customer’s employees, consultants, contractors, or agents who are authorized by Customer to access and use any of the Services. “Customer” means the person or entity purchasing the Services as identified in the Order Form. “Customer Data” means, other than Aggregated Statistics, information, data, and other content, in any form or medium, that is transmitted by or on behalf of Customer or an Authorized User through the Services. “Customer Terms” means any terms or agreements provided by Customer and applicable to the Services but only to the extent such terms or agreements are expressly referenced and incorporated into the Order Form. For the avoidance of doubt, “Customer Terms” does not include any purchase order or similar document generated by Customer unless such document is expressly referenced and incorporated into the Order Form.
“DebtBook” means Fifth Asset, Inc., d/b/a DebtBook, a Delaware corporation, and its permitted successor and assigns.
“DebtBook IP” means (1) the Services, Documentation, and Feedback, including all ideas, concepts, discoveries, strategies, analyses, research, developments, improvements, data, materials, products, documents, works of authorship, processes, procedures, designs, techniques, inventions, and other intellectual property, whether or not patentable or copyrightable, and all embodiments and derivative works of each of the foregoing in any form and media, that are developed, generated or produced by DebtBook arising from or related to the Services, Documentation, or Feedback; and (2) any intellectual property provided to Customer or any Authorized User in connection with the foregoing other than Customer Data. “Documentation” means DebtBook’s end user documentation and content, regardless of media, relating to the Services made available from time to time on DebtBook’s website at https://support.debtbook.com.
“Feedback” means any comments, questions, suggestions, or similar feedback transmitted in any manner to DebtBook, including suggestions relating to features, functionality, or changes to the DebtBook IP. “Governing State” means, if Customer is a Government Entity, the state in which Customer is located.

If Customer is not a Government Entity, “Governing State” means the State of North Carolina. “Government Entity” means any unit of state or local government, including states, counties, cities, towns, villages, school districts, special purpose districts, and any other political or governmental subdivisions and municipal corporations, and any agency, authority, board, or instrumentality of any of the foregoing.

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September 2022 Form
“Implementation Services” means, if requested by Customer, the additional implementation services provided to Customer on an annual basis, including tailored implementation support, review of Application Obligations, and entry of relevant Customer Data.
“Incorporated Documents” means, collectively, the Privacy Policy, the SLA, and the Usage Policy, as each may be updated from time to time in accordance with their terms. The Incorporated Documents, as amended, are incorporated into these Terms & Conditions by this reference. Current versions of the Incorporated Documents are available at https://www.debtbook.com/legal. “Initial Term” means the Initial Term of the Services beginning on the Effective Date and ending on the Initial Term End Date, as established in the Order Form. “Onboarding Services” means onboarding services, support, and training as required to make the Application Services available to the Customer during the Initial Term. “Order Form” means (1) the order document executed and delivered by DebtBook and Customer for the Initial Term or (2) to the extent applicable, any subsequent order document executed and delivered by DebtBook and Customer for any Renewal Term.
“Pricing Tier” means the Customer’s applicable pricing tier, determined based on the number and amount of Application Obligations at the time of determination, as set forth in the schedule included as part of the Order Form.
“Privacy Policy” means, collectively, DebtBook’s privacy policy and any similar data policies generally applicable to all users of the Application Services, in each case as posted to DebtBook’s website and as updated from time to time in accordance with their terms. “Renewal Term” means any renewal term established in accordance with the terms of the Agreement. “Services” means, collectively, the Application Services, the Onboarding Services, the Implementation Services, and the Support Services.
“SLA” means the Service Level Addendum generally applicable to all users of the Application Services, as posted to DebtBook’s website and as updated from time to time in accordance with its terms. “Support Services” means the general maintenance services and technical support provided in connection with the Application, as more particularly described in the SLA. “Term” means, collectively, the Initial Term and, if applicable, each successive Renewal Term. “Usage Policy” means, collectively, DebtBook’s acceptable usage policy, any end user licensing agreement, or any similar policy generally applicable to all end users accessing the Application Services, in each case as posted to DebtBook’s website and as updated from time to time in accordance with its terms.

Each capitalized term used but not otherwise defined in these Terms & Conditions has the meaning given to such term in the applicable Order Form.

2. Access and Use.
(a) Provision of Access. Subject to the terms and conditions of the Agreement, DebtBook grants Customer and Customer’s Authorized Users a non-exclusive, non-transferable (except as permitted by these Terms) right to access and use the Application Services during the Term, solely for Customer’s internal use and for the Authorized Users’ use in accordance with the Agreement. DebtBook will provide to Customer the necessary passwords and network links or connections to allow Customer to access the Application Services. (b) Documentation License. Subject to the terms and conditions of the Agreement, DebtBook grants to Customer and Customer’s Authorized Users a non-exclusive, non-sublicensable, non-transferable (except as permitted by these Terms) license to use the Documentation during the Term solely for Customer’s and its Authorized User’s internal business purposes in connection with its use of the Services. (c) Customer Responsibilities. Customer is responsible and liable for its Authorized Users’ access and use of the Services and Documentation, regardless of whether such use is permitted by the Agreement.

Customer must use reasonable efforts to make all Authorized Users aware of the provisions applicable to their use of the Services, including the Incorporated Documents.

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September 2022 Form
(d) Use Restrictions. Customer may not at any time, directly or indirectly through any Authorized User, access or use the Services in violation of the Usage Policies, including any attempt to (1) copy, modify, or create derivative works of the Services or Documentation, in whole or in part; (2) sell, license, or otherwise transfer or make available the Services or Documentation except as expressly permitted by the Agreement; or (3) reverse engineer, disassemble, decompile, decode, or otherwise attempt to derive or gain access to any software component of the Services, in whole or in part. Customer will not knowingly transmit any personally identifiable information to DebtBook or any other third-party through the Services. (e) Suspension. Notwithstanding anything to the contrary in the Agreement, DebtBook may temporarily suspend Customer’s and any Authorized User’s access to any or all of the Services if: (1) Customer is more than 45 days late in making any payment due under, and in accordance with, the terms of the Agreement, (2) DebtBook reasonably determines that (A) there is a threat or attack on any of the DebtBook IP; (B) Customer’s or any Authorized User’s use of the DebtBook IP disrupts or poses a security risk to the DebtBook IP or to any other customer or vendor of DebtBook; (C) Customer, or any Authorized User, is using the DebtBook IP for fraudulent or other illegal activities; or (D) DebtBook’s provision of the Services to Customer or any Authorized User is prohibited by applicable law; or (3) any vendor of DebtBook has suspended or terminated DebtBook’s access to or use of any third-party services or products required to enable Customer to access the Services (any such suspension, a “Service Suspension”). DebtBook will use commercially reasonable efforts to (i) provide written notice of any Service Suspension to Customer, (ii) provide updates regarding resumption of access to the Services, and (iii) resume providing access to the Services as soon as reasonably possible after the event giving rise to the Service Suspension is cured. DebtBook is not liable for any damage, losses, or any other consequences that Customer or any Authorized User may incur as a result of a Service Suspension. (f) Aggregated Statistics. Notwithstanding anything to the contrary in the Agreement, DebtBook may monitor Customer’s use of the Services and collect and compile Aggregated Statistics. As between DebtBook and Customer, all right, title, and interest in Aggregated Statistics, and all intellectual property rights therein, belong to and are retained solely by DebtBook. DebtBook may compile Aggregated Statistics based on Customer Data input into the Services. DebtBook may (1) make Aggregated Statistics publicly available in compliance with applicable law, and (2) use Aggregated Statistics as permitted under applicable law so long as, in each case, DebtBook’s use of any Aggregated Statistics does not identify the Customer or disclose Customer’s Confidential Information.

3. Service Levels and Support. Subject to the terms and conditions of the Agreement, DebtBook will use commercially reasonable efforts to make the Application Services and Support Services available in accordance with the SLA.

4. Fees and Payment.
(a) Fees. Customer will pay DebtBook the fees (“Fees”) set forth in the Order Form. DebtBook will invoice Customer for all Fees in accordance with the invoicing schedule and requirements set forth in the Order Form. Customer must pay all Fees in US dollars, and all Fees are fully earned once paid. To the extent permitted by applicable law, if Customer fails to make any payment when due, DebtBook may, without limiting any of its other rights, charge interest on the past due amount at the lowest of (1) the rate of 1.5% per month, (2) the rate established in any Customer Term, or (3) the maximum rate permitted under applicable law. (b) Taxes. All Fees and other amounts payable by Customer under the Agreement are exclusive of taxes and similar assessments. Unless Customer is exempt from making any such payment under applicable law or regulation, Customer is responsible for all applicable sales, use, and excise taxes, and any other similar taxes, duties, and charges of any kind imposed by any federal, state, or local governmental or regulatory authority on any amounts payable by Customer under the Agreement, other than any taxes imposed on DebtBook’s income.

5. Confidential Information.
(a) From time to time during the Term, either party (the “Disclosing Party”) may disclose or make available to the other party (the “Receiving Party”) information about the Disclosing Party’s business affairs, products, confidential intellectual property, trade secrets, third-party confidential information, and other sensitive or proprietary information, whether in written, electronic, or other form or media, that is marked, designated, or otherwise identified as “confidential”, or which a reasonable person would understand to be confidential or proprietary under the circumstances (collectively, “Confidential Information”). For the avoidance

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of doubt, DebtBook’s Confidential information includes the DebtBook IP and the Application Services source code and specifications. As used in the Agreement, “Confidential Information” expressly excludes any information that, at the time of disclosure is (1) in the public domain; (2) known to the receiving party at the time of disclosure; (3) rightfully obtained by the Receiving Party on a non-confidential basis from a third party; or (4) independently developed by the Receiving Party.
(b) To the extent permitted by applicable law, the Receiving Party will hold the Disclosing Party’s Confidential Information in strict confidence and may not disclose the Disclosing Party’s Confidential Information to any person or entity, except to the Receiving Party’s employees, officers, directors, agents, subcontractors, financial advisors, and attorneys who have a need to know the Confidential Information for the Receiving Party to exercise its rights or perform its obligations under the Agreement or otherwise in connection with the Services. Notwithstanding the foregoing, each party may disclose Confidential Information to the limited extent required (1) in order to comply with the order of a court or other governmental body, or as otherwise necessary to comply with applicable law, provided that the party making the disclosure pursuant to the order must first give written notice to the other party; or (2) to establish a party’s rights under the Agreement, including to make required court filings.
(c) On the expiration or termination of the Agreement, the Receiving Party must promptly return to the Disclosing Party all copies of the Disclosing Party’s Confidential Information, or destroy all such copies and, on the Disclosing Party’s request, certify in writing to the Disclosing Party that such Confidential Information has been destroyed.
(d) Each party’s obligations under this Section are effective as of the Effective Date and will expire three years from the termination of the Agreement; provided, however, with respect to any Confidential Information that constitutes a trade secret (as determined under applicable law), such obligations of nondisclosure will survive the termination or expiration of the Agreement for as long as such Confidential Information remains subject to trade secret protection under applicable law. (e) Notwithstanding anything in this Section to the contrary, if Customer is a Government Entity, then DebtBook expressly agrees and understands that Customer’s obligations under this Section are subject in all respects to, and only enforceable to the extent permitted by, the public records laws, policies, and regulations of the Governing State.

6. Intellectual Property.
(a) DebtBook IP. As between Customer and DebtBook, DebtBook owns all right, title, and interest, including all intellectual property rights, in and to the DebtBook IP. (b) Customer Data. As between Customer and DebtBook, Customer owns all right, title, and interest, including all intellectual property rights, in and to the Customer Data. Customer hereby grants to DebtBook a non-exclusive, royalty-free, worldwide license to reproduce, distribute, sublicense, modify, prepare derivative works based on, and otherwise use and display the Customer Data and perform all acts with respect to the Customer Data as may be necessary or appropriate for DebtBook to provide the Services to Customer. (c) Effect of Termination. Without limiting either party’s obligations under Section 5 of the Agreement, DebtBook, at no further charge to Customer, will (1) provide Customer with temporary access to the Application Services for up to 60 days after the termination of the Agreement to permit Customer to retrieve its Customer Data in a commercially transferrable format and (2) use commercially reasonable efforts to assist Customer, at Customer’s request, with such retrieval. After such period, DebtBook may destroy any Customer Data in accordance with DebtBook’s data retention policies.

7. Limited Warranties.
(a) Functionality & Service Levels. During the Term, the Application Services will operate in a manner consistent with general industry standards reasonably applicable to the provision of the Application Services and will conform in all material respects to the Documentation and service levels set forth in the SLA when accessed and used in accordance with the Documentation. Except as expressly stated in the SLA, DebtBook does not make any representation, warranty, or guarantee regarding availability of the Application Services, and the remedies set forth in the SLA are Customer’s sole remedies and DebtBook’s sole liability under the limited warranty set forth in this paragraph.

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(b) Security. DebtBook has implemented Appropriate Security Measures and has made commercially reasonable efforts to ensure its licensors and hosting providers, as the case may be, have implemented Appropriate Security Measures intended to protect Customer Data. (c) EXCEPT FOR THE WARRANTIES SET FORTH IN THIS SECTION, DEBTBOOK IP IS PROVIDED “AS IS,” AND DEBTBOOK HEREBY DISCLAIMS ALL WARRANTIES, WHETHER EXPRESS, IMPLIED, STATUTORY, OR OTHERWISE. DEBTBOOK SPECIFICALLY DISCLAIMS ALL IMPLIED WARRANTIES OF MERCHANTABILITY,

FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NON-INFRINGEMENT, AND ALL WARRANTIES ARISING FROM COURSE OF DEALING, USAGE, OR TRADE PRACTICE. EXCEPT FOR THE LIMITED WARRANTY SET FORTH

IN THIS SECTION, DEBTBOOK MAKES NO WARRANTY OF ANY KIND THAT THE DEBTBOOK IP, OR ANY PRODUCTS OR RESULTS OF THE USE THEREOF, WILL MEET CUSTOMER’S OR ANY OTHER PERSON’S

REQUIREMENTS, OPERATE WITHOUT INTERRUPTION, ACHIEVE ANY INTENDED RESULT, BE COMPATIBLE OR

WORK WITH ANY SOFTWARE, SYSTEM, OR OTHER SERVICES, OR BE SECURE, ACCURATE, COMPLETE, FREE OF HARMFUL CODE, OR ERROR FREE.
(d) DebtBook exercises no control over the flow of information to or from the Application Service, DebtBook’s network, or other portions of the Internet. Such flow depends in large part on the performance of Internet services provided or controlled by third parties. At times, actions or inactions of such third parties can impair or disrupt connections to the Internet. Although DebtBook will use commercially reasonable efforts to take all actions DebtBook deems appropriate to remedy and avoid such events, DebtBook cannot guarantee that such events will not occur. ACCORDINGLY, DEBTBOOK DISCLAIMS ANY AND ALL LIABILITY RESULTING

FROM OR RELATING TO ALL SUCH EVENTS, AND EXCEPT AS OTHERWISE EXPRESSLY PROVIDED IN THE AGREEMENT, ANY OTHER ACTIONS OR INACTIONS CAUSED BY OR UNDER THE CONTROL OF A THIRD PARTY.

8. Indemnification.
(a) DebtBook Indemnification.
(i) DebtBook will indemnify, defend, and hold harmless Customer from and against any and all losses, damages, liabilities, costs (including reasonable attorneys’ fees) (collectively, “Losses”) incurred by Customer resulting from any third-party claim, suit, action, or proceeding (“Third-Party Claim”) that the Application Services, or any use of the Application Services in accordance with the Agreement, infringes or misappropriates such third party’s US patents, copyrights, or trade secrets, provided that Customer promptly notifies DebtBook in writing of the Third-Party Claim, reasonably cooperates with DebtBook in the defense of the Third-Party Claim, and allows DebtBook sole authority to control the defense and settlement of the Third-Party Claim. (ii) If such a claim is made or appears possible, Customer agrees to permit DebtBook, at DebtBook’s sole expense and discretion, to (A) modify or replace the DebtBook IP, or component or part of the DebtBook IP, to make it non-infringing, or (B) obtain the right for Customer to continue use.

If DebtBook determines that neither alternative is reasonably available, DebtBook may terminate the Agreement in its entirety or with respect to the affected component or part, effective immediately on written notice to Customer, so long as, in each case, DebtBook promptly refunds or credits to Customer all amounts Customer paid with respect to the DebtBook IP that Customer cannot reasonably use as intended under the Agreement.
(iii) DebtBook’s indemnification obligation under this Section will not apply to the extent that the alleged infringement arises from Customer’s use of the Application Services in combination with data, software, hardware, equipment, or technology not provided or authorized in writing by DebtBook or modifications to the Application Services not made by DebtBook. (b) Sole Remedy. SECTION 8(a) SETS FORTH CUSTOMER’S SOLE REMEDIES AND DEBTBOOK’S

SOLE LIABILITY FOR ANY ACTUAL, THREATENED, OR ALLEGED CLAIMS THAT THE SERVICES INFRINGE, MISAPPROPRIATE, OR OTHERWISE VIOLATE ANY THIRD PARTY’S INTELLECTUAL PROPERTY RIGHTS. IN NO EVENT WILL DEBTBOOK’S LIABILITY UNDER SECTION 8(a) EXCEED $1,000,000. (c) Customer Indemnification. To the extent permitted by applicable law, Customer will indemnify, hold harmless, and, at DebtBook’s option, defend DebtBook from and against any Losses resulting from any Third-Party Claim that the Customer Data, or any use of the Customer Data in accordance with the Agreement, infringes or misappropriates such third party’s intellectual property rights and any Third-Party

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Claims based on Customer’s or any Authorized User’s negligence or willful misconduct or use of the Services in a manner not authorized by the Agreement.

9. Limitations of Liability. EXCEPT AS EXPRESSLY OTHERWISE PROVIDED IN THIS SECTION, IN NO EVENT

WILL EITHER PARTY BE LIABLE UNDER OR IN CONNECTION WITH THE AGREEMENT UNDER ANY LEGAL OR

EQUITABLE THEORY, INCLUDING BREACH OF CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY,

AND OTHERWISE, FOR ANY CONSEQUENTIAL, INCIDENTAL, INDIRECT, EXEMPLARY, SPECIAL, ENHANCED, OR

PUNITIVE DAMAGES, REGARDLESS OF WHETHER EITHER PARTY WAS ADVISED OF THE POSSIBILITY OF SUCH LOSSES OR DAMAGES OR SUCH LOSSES OR DAMAGES WERE OTHERWISE FORESEEABLE. EXCEPT AS

EXPRESSLY OTHERWISE PROVIDED IN THIS SECTION, IN NO EVENT WILL THE AGGREGATE LIABILITY OF

DEBTBOOK ARISING OUT OF OR RELATED TO THE AGREEMENT UNDER ANY LEGAL OR EQUITABLE THEORY,

INCLUDING BREACH OF CONTRACT, TORT (INCLUDING NEGLIGENCE), STRICT LIABILITY, AND OTHERWISE EXCEED THE TOTAL AMOUNTS PAID TO DEBTBOOK UNDER THE AGREEMENT IN THE 12-MONTH PERIOD PRECEDING THE EVENT GIVING RISE TO THE CLAIM. THE EXCLUSIONS AND LIMITATIONS IN THIS SECTION DO NOT APPLY TO CLAIMS PURSUANT TO SECTION 8.

10. Term and Termination.
(a) Term. Except as the parties may otherwise agree in the Order Form, or unless terminated earlier in accordance with the Agreement:
(i) the Initial Term of the Agreement will begin on the Effective Date and end on the Initial Term End Date;
(ii) the Agreement will automatically renew for successive 12-month Renewal Terms unless either party gives the other party written notice of non-renewal at least 30 days before the expiration of the then-current term; and
(iii) each Renewal Term will be subject to the same terms and conditions established under the Agreement, with any Fees determined in accordance with DebtBook’s then-current pricing schedule published on DebtBook’s website and generally appliable to all users of the Services, as provided to Customer at least 60 days before the expiration of the then-current term. (b) Termination. In addition to any other express termination right set forth in the Agreement:
(i) DebtBook may terminate the Agreement immediately if Customer breaches any of its obligations under Section 2 or Section 5;
(ii) Customer may terminate the Agreement in accordance with the SLA; (iii) either party may terminate the Agreement, effective on written notice to the other party, if the other party materially breaches the Agreement, and such breach: (A) is incapable of cure; or (B) being capable of cure, remains uncured 30 days after the non-breaching party provides the breaching party with written notice of such breach;
(iv) if (1) Customer is a governmental entity and (2) sufficient funds are not appropriated to pay for the Application Services, then Customer may terminate the Agreement at any time without penalty following 30 days prior written notice to DebtBook; or (v) either party may, to the extent permitted by law, terminate the Agreement, effective immediately on written notice to the other party, if the other party becomes insolvent or is generally unable to pay, or fails to pay, its debts as they become due or otherwise becomes subject, voluntarily or involuntarily, to any proceeding under any domestic or foreign bankruptcy or insolvency law. (c) Survival. Only this Section and Section 1 (Definitions), Sections 4 through 6 (Fees; Confidential Information; Intellectual Property), Section 7(c) (Disclaimer of Warranties), and Sections 8, 9 and 12 (Indemnification; Limitations of Liability; Miscellaneous) will survive any termination or expiration of the Agreement.

11. Independent Contractor. The parties to the Agreement are independent contractors. The Agreement does not create a joint venture or partnership between the parties, and neither party is, by virtue of the Agreement, authorized as an agent, employee, or representative of the other party.

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12. Miscellaneous.
(a) Governing Law; Submission to Jurisdiction. The Agreement will be governed by and construed in accordance with the laws of the Governing State, without regard to any choice or conflict of law provisions, and any claim arising out of the Agreement may be brought in the state or federal courts located in the Governing State. Each party irrevocably submits to the jurisdiction of such courts in any such suit, action, or proceeding,
(b) Entire Agreement; Order of Precedence. The Order Form, any Customer Terms, the Terms & Conditions, and the Incorporated Documents constitute the complete Agreement between the parties and supersede any prior discussion or representations regarding the Customer’s purchase and use of the Services.

To the extent any conflict exists between the terms of the Agreement, the documents will govern in the following order or precedence: (1) the Order Form (2) the Customer Terms, (3) the Terms & Conditions, and (4) the Incorporated Documents. No other purchasing order or similar instrument issued by either party in connection with the Services will have any effect on the Agreement or bind the other party in any way. (c) Amendment; Waiver. No amendment to the Order Form, the Terms & Conditions, or the Customer Terms will be effective unless it is in writing and signed by an authorized representative of each party. DebtBook may update the Incorporated Documents from time-to-time following notice to Customer so long as such updates are generally applicable to all users of the Services. No waiver by any party of any of the provisions of the Agreement will be effective unless explicitly set forth in writing and signed by the party so waiving. Except as otherwise set forth in the Agreement, no failure to exercise, delay in exercising, or any partial exercise of any rights, remedy, power, or privilege arising from the Agreement will in any way waive or otherwise limit the future exercise of any right, remedy, power, or privilege available under the Agreement. (d) Notices. All notices, requests, consents, claims, demands, and waivers under the Agreement (each, a “Notice”) must be in writing and addressed to the recipients and addresses set forth for each party on the Order Form (or to such other address as DebtBook or Customer may designate from time to time in accordance with this Section). All Notices must be delivered by personal delivery, nationally recognized overnight courier (with all fees pre-paid), or email (with confirmation of transmission), or certified or registered mail (in each case, return receipt requested, postage pre-paid). (e) Force Majeure. In no event will either party be liable to the other party, or be deemed to have breached the Agreement, for any failure or delay in performing its obligations under the Agreement (except for any obligations to make payments), if and to the extent such failure or delay is caused by any circumstances beyond such party’s reasonable control, including acts of God, flood, fire, earthquake, pandemic, epidemic, problems with the Internet, shortages in materials, explosion, war, terrorism, invasion, riot or other civil unrest, strikes, labor stoppages or slowdowns or other industrial disturbances, or passage of law or any action taken by a governmental or public authority, including imposing an embargo. (f) Severability. If any provision of the Agreement is invalid, illegal, or unenforceable in any jurisdiction, such invalidity, illegality, or unenforceability will not affect any other term or provision of the Agreement or invalidate or render unenforceable such term or provision in any other jurisdiction. (g) Assignment. Either party may assign its rights or delegate its obligations, in whole or in part, on 30 days prior written notice to the other party, to an affiliate or an entity that acquires all or substantially all of the business or assets of such party, whether by merger, reorganization, acquisition, sale, or otherwise.

Except as stated in this paragraph, neither party may assign any of its rights or delegate any of its obligations under the Agreement without the prior written consent of the other party, which consent may not be unreasonably withheld, conditioned, or delayed. The Agreement is binding on and inures to the benefit of the parties and their permitted successors and assigns.
(h) Marketing. Neither party may issue press releases related to the Agreement without the other party’s prior written consent. Either party may include the name and logo of the other party in lists of customers or vendors.
(i) State-Specific Certifications & Agreements. To the extent required under the laws of the Governing State, DebtBook hereby certifies and agrees as follows:
(i) DebtBook has not been designated by any applicable government authority or body as a company engaged in the boycott of Israel under the laws of the Governing State;

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(ii) DebtBook is not presently debarred, suspended, proposed for debarment, declared ineligible, or voluntarily excluded from participation in the Agreement by any governmental department or agency of the Governing State;
(iii) DebtBook will not discriminate against any employee or applicant for employment because of race, ethnicity, gender, gender identity, sexual orientation, age, religion, national origin, disability, color, ancestry, citizenship, genetic information, political affiliation or military/veteran status, or any other status protected by federal, state, or local law; and (iv) DebtBook will verify the work authorization of its employees using the federal E-Verify program and standards as promulgated and operated by the United States Department of Homeland Security and, if applicable, will require its subcontractors to do the same. (j) Execution. Any document executed and delivered in connection with the Agreement may be executed in counterparts, each of which is deemed an original, but all of which together are deemed to be one and the same agreement. To the extent permitted by applicable law, electronic signatures may be used for the purpose of executing the Order Form by email or other electronic means. Any document delivered electronically and accepted is deemed to be “in writing” to the same extent and with the same effect as if the document had been signed manually.

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CONSENT CALENDAR

CITY OF SHAFTER

CITY COUNCIL REPORT
MEETING DATE: January 10, 2023
FROM: Gabriel A. Gonzalez, City Manager
PREPARED BY: Rogelio Sanchez, Finance Director
SUBJECT: ADOPTION OF PROPOSED ADMINISTRATIVE BUDGET FOR THE PERIOD OF JULY 1, 2023 THROUGH JUNE 30, 2024,
PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177(J)

RECOMMENDATION
Council, serving as the Successor Agency to the Former Shafter Community Development Agency, find the proposed activity is not subject to the California Environmental Quality Act; and adopt Resolution 2900, a Resolution of the City Council of the City of Shafter serving as the Successor Agency to the Dissolved Shafter Community Development Agency, Approving and Adopting a Proposed Administrative Budget for the Period July 1, 2023 through June 30, 2024, Pursuant to Health and Safety Code Section 34177(j).

BACKGROUND
Following the dissolution of the Redevelopment Agency of the City of Shafter ("Agency"), the City became the successor agency to the Agency (the "Successor Agency"). Pursuant to Health and Safety Code Section 34173(b), the Successor Agency is now a separate legal entity from the City. One of the responsibilities of the Successor Agency is to prepare a proposed administrative budget. According to Health and Safety Code Section 34177(j), the administrative budget is to include all of the following: (i) estimated amounts for the Successor's Agency's administrative costs for the upcoming six-month fiscal period; (ii) proposed sources of payment for the costs identified in (i); and (iii) proposals for arrangements for administrative and operations services provided by a city, county, city and county, or other entity.

This proposed administrative budget is to be submitted to the Successor Agency's oversight board for approval ("Approved Administrative Budget"). Under Health and Safety Code Section 34177(k), the Successor Agency is to provide administrative cost estimates, from the Approved Administrative Budget, that are to be paid from property tax revenues deposited in the Redevelopment Property Tax Trust Fund, to the Kern County Auditor-Controller for the upcoming fiscal year.

ANALYSIS
N/A

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ADOPTION OF PROPOSED ADMINISTRATIVE BUDGET FOR THE PERIOD OF JULY 1, 2023 THROUGH JUNE 30, 2024, PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177(J) - 2 -

FISCAL IMPACT
No City or Successor Agency funds are involved with the adoption of the proposed administrative budget.

CEQA ANALYSIS
The action is not defined as a “project” per Section 15378(b)(4) of the CEQA Guidelines because the action is the adoption of a proposed budget and therefore, it is the creation of governmental funding mechanism that does not involve any commitment to a specific project that can result in a potentially significant impact and not subject to CEQA.

APPROVED BY THE CITY ATTORNEY
No

ALTERNATIVES
N/A

NEXT STEPS
Submit to the Kern County Oversight Board.

ATTACHMENTS

1. Resolution 2900

2. 2023-2024 Administrative Compliance

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RESOLUTION NO. 2900

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SHAFTER SERVING

AS THE SUCCESSOR AGENCY TO THE DISSOLVED SHAFTER

COMMUNITY DEVELOPMENT AGENCY, APPROVING AND ADOPTING A
PROPOSED ADMINISTRATIVE BUDGET FOR THE PERIOD JULY 1, 2023 THROUGH JUNE 30, 2024, PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177(J)
WHEREAS, pursuant to Health and Safety Code Section 34173(d), the City of Shafter became the successor agency to the Shafter Community Development Agency (“Successor Agency”); and
WHEREAS, pursuant to Health and Safety Code Section 34173(g), the Successor Agency is now a separate legal entity from the City; and
WHEREAS, pursuant to Health and Safety Code Section 34179(j), on July 1, 2018 a single oversight board, staffed by the County Auditor-Controller, was created to oversee the actions of all successor agencies within Kern County, including the Successor Agency to the Shafter Community Development Agency, and
WHEREAS, Health and Safety Code Section 34177(j) requires the Successor Agency to prepare a proposed administrative budget covering each 6-month period, and submit it to the oversight board for approval; and
WHEREAS, pursuant to Health and Safety Code Section 34177(k), upon approval of the administrative budget by the oversight board, the Successor Agency is required to provide administrative cost estimates, from the approved administrative budget, that are to be paid from property tax revenues deposited in the Redevelopment Property Tax Trust Fund, to the Kern County Auditor-Controller for each fiscal period covered by the administrative budget; and WHEREAS, pursuant to Health and Safety Code Section 34171(b), the administrative cost allowance shall not be less than two hundred fifty thousand dollars ($250,000) per fiscal year, unless the oversight board reduces this amount or the lesser amount is agreed to by the successor agency; and
WHEREAS, all other legal prerequisites to the adoption of this Resolution have occurred.

NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE SUCCESSOR

AGENCY TO THE DISSOLVED SHAFTER COMMUNITY DEVELOPMENT AGENCY DOES HEREBY RESOLVE AS FOLLOWS:

Section 1. Recitals. The Recitals set forth above are true and correct and are incorporated into this Resolution by this reference.

Section 2. Approval of Proposed Administrative Budget. The Board of Directors of the Successor Agency hereby approves and adopts the proposed administrative budget covering the two six-month periods from July 1, 2023 to June 30, 2024, in substantially the same form attached to this Resolution as Exhibit A, as required by Health and Safety Code Section 34177.

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Shafter City Council Resolution No. 2900
January 10, 2023

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Section 3. Transmittal of Proposed Administrative Budget. The City Manager and Finance Director are hereby authorized and directed to take any action necessary to carry out the purposes of this Resolution and comply with applicable law regarding the proposed administrative budget, including submitting the proposed administrative budget to the Successor Agency’s oversight board, and upon oversight board approval of the administrative budget, the provision of administrative cost estimates, from the approved administrative budget, that are to be paid from property tax revenues deposited in the Redevelopment Property Tax Trust Fund, to the Kern County Auditor-Controller.

Section 5. Effectiveness. This Resolution shall take effect immediately upon its adoption.

PASSED, APPROVED AND ADOPTED THIS 10TH DAY OF JANUARY 2023. _______________________________
Chad Givens, Mayor
ATTEST:
_______________________________
Yazmina Pallares, City Clerk
APPROVED AS TO FORM:
_______________________________
Marco A. Martinez, City Attorney

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Shafter City Council Resolution No. 2900
January 10, 2023

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EXHIBIT A

PROPOSED ADMINISTRATIVE BUDGET
[Attached behind this page]

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Shafter City Council Resolution No. 2900
January 10, 2023

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Shafter City Council Resolution No. 2900
January 10, 2023

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SHAFTER COMMUNITY DEVELOPMENT AGENCY - SUCCESSOR AGENCY Administrative Budget: 7/1/22 - 6/30/23
Administrative Services Agreement Fee to the City of Shafter: $ 250,000 $ 125,000 $ 125,000 * Administrative Budget limited to 3% of property tax distributed to the successor agency by the county auditor-controller in the preceding fiscal year for payment of enforceable obligations less any city loan repayments and administrative cost allowances ("PY Net Property Tax"), but not less than $250,000 per year, but in no case can exceed 50% of the PY Net Property Tax, per H&S 34171(b),
Administrative Budget Compliance Test:

Actual prior year property tax distributed to the successor agency (2021-22): $ 1,143,309 Less: city loan repayments: -
Less: administrative cost allowances:
(250,000)
PY Net Property Tax: 893,309

1. 3% net Property Tax - limit: $ 26,799

2. Statutory administrative cost allowance minimum: $ 250,000

3. Greater of 1 or 2: $ 250,000

4. 50% PY Net Property Tax - hard limit: $ 446,655

5. Administrative Budget (A): $ 250,000

6. In Compliance? YES
EXPENSE ANNUAL 7/1/22 - 12/31/22 1/1/23 - 6/30/23

CLASSIFICATION BUDGET BUDGET BUDGET
(A) TOTAL BUDGET $ 250,000 $ 125,000 $ 125,000

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SHAFTER COMMUNITY DEVELOPMENT AGENCY - SUCCESSOR AGENCY

EXPENSE CLASSIFICATION
ANNUAL
BUDGET
07/01/23 -
12/31/23
BUDGET
01/01/24 -
06/30/24
BUDGET
(A) TOTAL BUDGET 250,000 $ 125,000 $ 125,000 $
Administrative Services Agreement Fee to the City of Shafter: 250,000 $ 125,000 $ 125,000 $ Administrative Budget Complience Test:

Actual prior year property tax distributed to the succesor agency (2022-23): 1,169,437 $ Less: city loan repayments: -
Less: administrative cost allowances: (250,000) $
PY Net Property Tax: $ 919,437

1. 3% net Property Tax - limit: $ 27,583

2. Statutory administrative cost allowance minimum: 250,000 $

3. Greater of 1 or 2: $ 250,000

4. 50% PY Net Property Tax - hard limit: 459,719 $

5. Admistrative Budget (A): $ 250,000

6. In Complience? YES
* Administrative Budget limited to 3% of property tax distributed to the successor agency by the county auditorcontroller in the preceding fiscal year for payment of enforceable obligations less any city loan repayments and administrative cost allowances ("PY Net Property Tax"), but not less than $250,000 per year, but in no case can exceed 50% of the PY Net Property Tax, per H&S 34171(b),
Administrative Budget: 07/01/2023 - 06/30/2023

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CONSENT CALENDAR

CITY OF SHAFTER

CITY COUNCIL REPORT
MEETING DATE: January 10, 2023
FROM: Gabriel A. Gonzalez, City Manager
PREPARED BY: Rogelio Sanchez, Finance Director
SUBJECT: ADOPTION OF RECOGNIZED OBLIGATION PAYMENT
SCHEDULE FOR THE PERIOD JULY 1, 2023 THROUGH JUNE
30, 2024

RECOMMENDATION
Council, serving as the Successor Agency to the Former Shafter Community Development Agency, find the proposed activity is not subject to the California Environmental Quality Act; and adopt Resolution 2901, a Resolution of the City Council of the City of Shafter serving as the Board of Directors of the Successor Agency to the Dissolved Shafter Community Development Agency, Approving and Adopting a Recognized Obligation Payment Schedule Covering the Period of July 1, 2023 through June 30, 2024, Pursuant to Health and Safety Code Section 34177(l) And (m).

BACKGROUND
Annually, the Successor Agency must prepare a Recognized Obligation Payment Schedule (ROPS) listing all enforceable obligations due for the next fiscal year as well as an actual accounting of the prior ROPS period and a reconciliation of all cash held by the Successor Agency. The ROPS must be approved by the Successor Agency Board of Directors, Oversight Board, and ultimately the Department of Finance. Once approved by all parties, the County Auditor Controller will distribute available property tax to the Successor Agency to fund the obligations on the ROPS. The ROPS 22-23 being considered for approval includes the following obligations.

July 1, 2023 – December 31, 2023:

1. 2016 Refunding Bonds: $718,856

2. Administrative Budget: $125,000

3. City / Agency Loan Agreement: $200,000
January 1, 2024 – June 30, 2024:

1. 2016 Refunding Bonds: $185,653

2. Administrative Budget: $125,000

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ADOPTION OF RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD JULY 1, 2023 THROUGH JUNE 30, 2024
- 2 -

3. City / Agency Loan Agreement: $200,000

ANALYSIS
N/A

FISCAL IMPACT
The $1,554,509 in total expenditures will be paid with property tax allocations from the County Auditor Controller including any unused property tax allocations from prior years.

The Successor Agency stands alone as a private purpose trust fund. Thus, the financial activity of the Successor Agency is accounted for separately and not combined with the City’s finances.

CEQA ANALYSIS
The action is not defined as a “project” per Section 15378(b)(4) of the CEQA Guidelines because the action is the adoption of a recognized obligation payment schedule and therefore, it is the creation of governmental funding mechanism that does not involve any commitment to a specific project that can result in a potentially significant impact and not subject to CEQA.

APPROVED BY THE CITY ATTORNEY
No

ALTERNATIVES
N/A

NEXT STEPS
Submit to the Kern County Oversight Board.

ATTACHMENTS

1. Resolution 2901

2. 2023-2024 Recognized Obligation Payment Schedule (ROPS)

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RESOLUTION NO. 2901

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SHAFTER SERVING

AS THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE

DISSOLVED SHAFTER COMMUNITY DEVELOPMENT AGENCY, APPROVING

AND ADOPTING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE
COVERING THE PERIOD OF JULY 1, 2023 THROUGH JUNE 30, 2024, PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177(L) AND (M).

WHEREAS, pursuant to Health and Safety Code Section 34173(d), the City of Shafter became the successor agency to the Shafter Community Development Agency (“Successor Agency”); and
WHEREAS, pursuant to Health and Safety Code Section 34173(g), the Successor Agency is now a separate legal entity from the City; and
WHEREAS, pursuant to Health and Safety Code Section 34179(j), on July 1, 2018 a single oversight board, staffed by the County Auditor-Controller, was created to oversee the actions of all successor agencies within Kern County, including the Successor Agency to the Shafter Community Development Agency, and
WHEREAS, Health and Safety Code Section 34177(l) requires the Successor Agency to prepare a recognized obligation payment schedule (“ROPS”), by February 1st of each year, forward looking to the next fiscal year; and
WHEREAS, Health and Safety Code Section 34177(l)(2) requires the Successor Agency to submit the ROPS to the Successor Agency’s oversight board for its approval, and upon such approval, the Successor Agency is required to submit a copy of the approved ROPS (“Approved ROPS”) to the Kern County Auditor-Controller, the California State Controller, and the State of California Department of Finance, and post the Approved ROPS on the Successor Agency’s website; and
WHEREAS, Health and Safety Code Section 34177(m) requires that the Approved ROPS for the period July 1, 2023 through June 30, 2024 (“ROPS 23-24”) is required to be submitted to the Department of Finance, California State Controller and the County Auditor-Controller by February 1, 2023; and
WHEREAS, all other legal prerequisites to the adoption of this Resolution have occurred.

NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE SUCCESSOR

AGENCY TO THE FORMER SHAFTER COMMUNITY DEVELOPMENT AGENCY, DOES HEREBY RESOLVE AS FOLLOWS:

Section 1. Recitals. The Recitals set forth above are true and correct and are incorporated into this Resolution by this reference.

Section 2. Approval of ROPS. The Successor Agency hereby approves and adopts the ROPS 23-24, covering the period July 1, 2023 through June 30, 2024, in substantially the same

Page 189 of 195 ends

Shafter City CouncilJanuary 10, 2023

Shafter City Council
January 10, 2023