South Gate City Council
March 10, 2026

SOUTH GATE CITY COUNCIL

REGULAR MEETING AGENDA
Tuesday, March 10, 2026 at
6:30 p.m.

SOUTH GATE COUNCIL CHAMBERS
8650 CALIFORNIA AVE
SOUTH GATE, CA 90280
VIEW MEETING LIVE ONLINE AT:

HTTPS://WWW.YOUTUBE.COM/@SOUTHGATECA90280
City Officials
MAYOR,
Joshua Barron

CITY CLERK,
Yodit Glaze

VICE MAYOR,
Al Rios

CITY TREASURER,
Jose De La Paz

COUNCIL MEMBER,
Maria del Pilar Avalos

CITY MANAGER,
Rob Houston

COUNCIL MEMBER,
Maria Davila

CITY ATTORNEY,
Ra
ú
l F. Salinas

COUNCIL MEMBER,
Gil Hurtado

If you would like to participate in this meeting, you can participate via the following options:

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South Gate, CA - YouTube
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3. ATTEND THE MEETING IN PERSON
*The disruption in service of any alternative method does not prelude the City Council or other legislative
body from taking further action and moving forward on the agenda.

Meeting Schedule
The regular meetings of the City Council are held on the second and fourth Tuesday of each month, 1 closed session business will usually commence at 5:30 p.m., when scheduled, and general business session will commence at 6:30 p.m.

Brown Act
Agendas are drafted to accurately state what the legislative body is being asked to consider. The legislative body can take action on "all items" listed on the agenda and be in compliance with the open meeting laws. Under the Brown Act, no action may be taken on a matter unless it is listed on the agenda, or unless certain emergency or special circumstances exist. The governing body may direct staff to investigate and/or schedule certain matters for consideration at a future meeting.

City's Vision Statement
We envision a thriving, safe and inclusive community where everyone has the opportunity to access exceptional services, education and support to be resilient and live full, vibrant lives.

Public Communications
Public Comments on agenda items are limited to three (3) minutes. All comments are to be addressed directly to the Agency Members not to the members of the public.

Emails for public comment received prior to 4:00 pm on the day of the Council Meeting will be summarized by the City Clerk, not read in its entirety. A copy of the email will be provided to the City Council and will also be available at the City Clerk's Office for public review. A copy of each email will be recorded for public record and noted on the official minutes of tonight's meeting.

Call to Order/Roll Call With Invocation & Pledge

CALL TO ORDER:

Joshua Barron, Mayor
INVOCATION:

Tina De La Rosa, Acting Director of Parks & Recreation
PLEDGE OF ALLEGIANCE:

Yodit Glaze, City Clerk
ROLL CALL:

Yodit Glaze, City Clerk
Presentation

1. Mid-Year Budget Report and Adjustments for Fiscal Year 2025-26

The City Council will consider: (AS)

a. Receive the Fiscal Year 2025-26 Mid-Year Budget Report and Adjustments;

b. Approve of Fiscal Year 2025-26 Mid-Year Adjustments; and

c. Adopt a Resolution of the City Council of the City of South Gate Approving Fiscal Year 2025-26 Mid-Year Budget Amendments and Adjustments.

Documents:

Item 1 Report 03102026.pdf
2 Public Hearings

2. Continued-Substantial Amendments to FY 2023-2024, 2024-2025 & 2025-2026 Annual Action Plans

Following the conclusion of the Public Hearing, the City Council will consider: (CD)

a. Adopting a Resolution approving Substantial Amendment No. 2 to the Fiscal Year 2023-2024 Annual Action Plan; Substantial Amendment No. 2 to the Fiscal Year 2024- 2025 Annual Action Plan; and Substantial Amendment No. 1 to Fiscal Year 2025-2026 Annual Action Plan Reprogramming Community Development Block Grant (CDBG);

b. Authorize the City Manager or the Community Development Director to initiate appropriate action necessary to implement projects and programs as noted in the FY 2025-2026 Annual Action Plan.

c. Reallocate $749,254 in Community Development Block Grant (CDBG) funds and $340,000 in HOME Investment Partnerships Program (HOME) funds from current activity allocations to the proposed budget amendments within each respective fund.

Documents:

Item 2 Report 03102026.pdf

3. Continued-General Plan Amendment No. 25-01, Zone Change No. 25-01, 8915 Vossler Avenue

Following the conclusion of the Public Hearing, the City Council will consider: (CD)

a. A finding that in accordance with CEQA, this project qualifies for a categorical exemption under CEQA Guidelines Section 15303 (Class 3), “New Construction or Conversion of Small Structures,” and is thereby exempt from CEQA in that the subject property will continue to be used as a parking lot for a new drive-through restaurant.

b. Adopting Resolution No. 2026-__, included as Attachment 1, approving GPA No. 25-01 for a property at 8915 Vossler Avenue.

c. Adopting Ordinance No. 2026-__, included as Attachment 2, approving ZC No. 25-01 for a property at 8915 Vossler Avenue.

Documents:

Item 3 Report 03102026.pdf
Comments From The Audience - Non-Agenda Items
During this time, members of the public may address the City Council regarding any items not 3 listed on the agenda and within the subject matter jurisdiction of the City Council and not on this agenda. Comments from the audience will be limited to three (3) minutes per speaker; unless authorized by the Mayor, the time limit may not be extended by utilizing another member's time. There will be no debate or action on items not listed on the agenda unless authorized by law. The collective initial period of time for comments from the audience shall be limited to 45 minutes. Any speaker that did not get a chance to speak during this segment due to the 45-minute limitations will be able to speak at the end of the meeting prior to adjournment.

Note: The City Council desires to provide all members of the public with the opportunity to address the Council. Nevertheless, obscene language, comments intended to disrupt/interfere, other actions which disrupt the progress of the meeting or slanderous comments will not be tolerated and may result in ejection and/or may constitute a violation of South Gate Municipal Code Section1.04.110.

Reports And Comments From City Officials

During this time, members of the City Council will report on matters pertaining to their service on various intergovernmental boards and commissions as a representative of the City pursuant to Assembly Bill 1234. City Council Members will also have an opportunity to comment on matters not on the agenda.

Consent Calendar Items

Agenda Items
4, 5, 6, 7, 8, and 9
are Consent Calendar Items. All items including Ordinances, Resolutions and Contracts, may be approved by adoption of the Consent Calendar, individually and collectively by one (1) motion. There will be no separate discussion of these items unless Members of the City Council, the public, or staff request that specific items be removed from the Consent Calendar for separate discussion and action. Members of the public are permitted to speak on any item listed but their time period is limited to three (3) minutes in total.

Any motion to introduce or adopt an Ordinance on the Consent Calendar shall be: (1) a motion to waive the reading of the Ordinance and introduce the Ordinance or (2) a motion to waive the reading of the Ordinance and adopt the Ordinance, as appropriate.

4. Approve a Resolution to Reclassify the Full-Time Executive Assistant Position in the Public Works Department to a Full-Time Public Works Special Projects Coordinator Position

The City Council will consider: (HR)

a. Adopting a Resolution to approve the reclassification of the full-time Executive Assistant position in the Public Works Department to a full-time Public Works Special Projects Coordinator position.

Documents:

Item 4 Report 03102026.pdf
4 5. Approve Contract Change Order No. 001 to Original Purchase Order No. 0009488 with Fast Deer Bus Charter, Inc.

The City Council will consider: (PARKS)

a. Approving a change order in the amount of $35,542.00 to increase the overall original purchase order issued to Fast Deer Charter Inc., to the amount of $84,542 (P.O. No. 0009488) to provide transportation for Parks and Recreation trips for the remainder of the current fiscal year 2025/26; and

b. Authorizing the Interim Director of Parks and Recreation to execute any additional documents needed.

Documents:

Item 5 Report 03102026.pdf

6. Approve Professional Services Agreement with Meeder Public Funds, Inc. for Discretionary Investment Management Services

The City Council will consider: (AS)
a. Approve a Professional Services Agreement with Meeder Public Funds, Inc. for discretionary investment management services for an initial term of three (3) years, with up to two (2) one-year renewal options at the City's sole discretion, for a total term not to exceed five (5) years; and
b. Authorize the Mayor to execute the Agreement in a form approved as to form by the City Attorney.

Documents:

Item 6 Report 03102026.pdf

7. Approve Purchase of City Fleet Vehicles – Six (6) Electric Chevrolet Silverado Trucks (Public Works) and Two (2) Police Detective Vehicles (Police Department) The City Council will consider: (PW)
a. Authorizing the purchase of six (6) 2026 Chevrolet Silverado electric trucks, or a comparable electric truck if unavailable, from National Auto Fleet Group through the Sourcewell Cooperative Purchasing Program, to replace Public Works Department’s trucks, in an amount not to exceed $379,356 ($63,226 per truck); and

b. Approving the purchase of two (2) detective vehicles for the Police Department in a total amount not to exceed $98,000;

c. Authorizing the City Manager, or his designee, to execute all documents necessary to complete the purchases in a form acceptable to the City Attorney. 5 Documents:

Item 7 Report 03102026.pdf

8. Approve Memorandum of Understanding (MOU) between Gateway Cities Council of Governments and the City of South Gate for Technical Assistance under the Strategic Growth Council Regional Climate Collaboratives Program

The City Council will consider: (CD)

a. Approve the Memorandum of Understanding (“MOU”) between the Gateway Cities Council of Governments and the City of South Gate for technical services under the Strategic Growth Council Regional Climate Collaborative Program.

Documents:

Item 8 Report 03102026.pdf

9. Receive & File the 2024-25 Annual ACFR Financial Report

The City Council will consider: (AS)

a. Receiving and filing the City of South Gate’s Annual Comprehensive Financial Report (ACFR) for the Fiscal Year Ended June 30, 2025.

Documents:

Item 9 Report 03102026.pdf
Reports, Recommendations And Requests

10. Warrant Register for March 10, 2026

The City Council will consider: (ADMIN SVCS)
a. Approving the Warrant Register for March 10, 2026.

Total of Checks: $4,378,794.41 Less: Voids
$(7,811.89)
Less: Employee Payroll Deductions
$(411,575.27)
Grand Total: $3,959,407.25

Cancellations: 113470, 113454, 113200, and 113074
Documents:

Item 10 Report 03102026.pdf
Adjournment

6 I, Yodit Glaze, City Clerk, certify that a true and correct copy of the foregoing Meeting Agenda was posted on March 5, 2026, at 6:35 p.m., as required by law.

Yodit Glaze
City Clerk

GENERAL NOTICE TO THE PUBLIC
The City Council adopted new rules relating to the conduct of the public meetings, proceedings, and business in the City of South Gate on July 12, 2022, (Resolution 2022-38-CC) and go into effect on August 1, 2022. Resolution #2022-38-CC is available at the City Clerk’s Office.

MEETING SCHEDULE
Regular meetings of the City Council are held on the second and fourth Tuesday of each month, closed session meetings will commence at 5:30 p.m. unless posted otherwise on its agenda. The regular City Council meetings will commence at 6:30 p.m. Agendas are available at the following locations:

City Clerk
Office,
Public Notice Boards at City Hall, and on the
City’s web page at https://www.cityofsouthgate.org
The Public can sign up to receive automatic notices of postings of agendas for the City Council or any other Commission or Board of the City of South Gate. Visit the City webpage and click on the Agenda & Minutes icon. That will take you the page where an individual can enter their email in the “Email Updates” box to register.

PUBLIC COMMENT/PARTICIPATION
Any person may request to address a legislative body during a public meeting. The Presiding Officer will call upon those present in the Council Chambers.

Speakers are limited to three (3) minutes on any item listed on the agenda, including public hearings.

Under Comments from the Audience portion, speakers are also limited to a single three (3) minutes time limit. Comments from the Audience is initially limited to 45 minutes at each meeting. Any speaker still wishing to speak, that did not speak, will have an addition Comments from the Audience opportunity after the last business item is finished. The Presiding Officer may extend the time limit as long as there is no objection from the City Council as a body.

To ensure that the public is able to participate, the City provides the opportunity to submit their comments in person, email, mail. Methods of participation may be subject to change during other such times when a State of Emergency, Health Order or State Executive Order limits in-person participation.

CURFEW
In absence of a motion duly adopted by majority vote of the City Council, the Presiding Officer may adjourn the City Council meetings at 10:30 p.m. The Presiding Officer may ask the City Council if any agenda items listed should be continued or dealt with during the meeting. For those items to be continued, the City Council can direct the item be placed on the next City Council agenda or the current meeting may be adjourned to a time certain at which time the meeting shall be reconvened as an Adjourned Regular Meeting of the City Council and action upon the published agenda continued.

STAFF REPORTS
7 As a general rule, staff reports. or other written documentation are prepared/organized with respect to each item of business listed on the agenda. Meeting agendas and staff reports are available at least 72- hours prior to the scheduled regular City Council meeting and a minimum of 24-hours prior to a Special City Council meeting. There are times when the City Council receives written material. revised material after the posting of agendas, these materials are become a public record and will be available for public view within 72-hours after the meeting in which they were received. Those materials and any other public document can be inspected in the City Clerk's Office located at 8650 California Avenue, South Gate.

SERVICES TO FACILITATE ACCESS TO PUBLIC MEETINGS
In compliance with the American with Disabilities Act, if you need special assistance to participate in the City Council Meetings, please contact the Office of the City Clerk. Notification 48 hours prior to the City Council Meeting will enable the City to make reasonable arrangements to assure accessibility. For further information, please contact the Office of the City Clerk at (323) 563-9510 or via email at [email protected]
.
8 ao-""'h' "':."l'il'a('("'f:"( "l-i Item No. 1
MAR '- 5 7026
FJLED Ciffl of South Gate
l:lq,, CITY COUNCIL

AGENDA BULL
For the Regular Meeting of: March 10, 2026
Originating Department: Administrative Services
LuisFrausto Ro b Houston
SUBJECT: MID-YEAR BUDGET REPORT AND ADJUSTMENTS FOR FISCAL YEAR 2025-26
RECOMMENDED ACTIONS:
a. Receive the Fiscal Year 2025-26 Mid-Year Budget Report and Adjustments; b. Approve of Fiscal Year 2025-26 Mid-Year Adjustments; and c. Adopt a Resolution of the City Council of the City of South Gate Approving Fiscal Year 2025-26 Mid-Year Budget Amendments and Adjustments.

EXECUTIVE SUMMARY
This report updates the Mayor, City Council, and comrniu'iity on the City's financial performance for the first half of Fiscal Year 2025-26 (July through December 2025), presents recommended mid-year budget adjustments, and provides context for the FY 2026-27 budget development process.

The City closed FY 2024-25 with an unassigned General Fund balance of $9.4 million. That reserve is projected to be nearly fully consumed by the end of the current fiscal year, leaving an estimated balance of approximately $1.O million. This drawdown reflects a structural imbalance between ongoing revenues ($71.9 million projected) and ongoing expenditures ($82.5 million projected), resulting in an operational deficit of approximately $10.6 million.

Cost pressures largely outside the City's control are the primary driver. Since FY 2019-20, pension obligations, employee health insurance, liability and workers' compensation insurance, and street lighting and landscaping costs have increased by a combined $10.7 million annually - an amount that exceeds the entire structural deficit. At the same time, revenues have underperformed, particularly sales tax, which has contracted approximately l 1.9% over the past thirteen quarters due in part to the permanent closure of a major auto dealership. Federal ARPA fiinding that previously helped bridge this gap has been fully expended.

Through December 2025, the City collected $18.2 million in General Fund revenues (24.6% of budget) and spent $33.0 million (40.8% of budget), consistent with historical mid-year patterns.

No new General Fund appropriations are requested. Proposed adjustments are limited to non- General Fund accounts, grant-funded programs, and reallocation of existing authority.

I
9 With reserves being used to balance the budget, the FY 2026-27 budget will require meaningfiil decisions about service levels and expenditures. All departments have received instructions to identify reductions, and a comprehensive plan will be presented to the City Council during the upcoming budget process.

Staff requests that the City Council receive and approve this Mid-Year Budget Report and adopt the associated resolution approving mid-year budget amendments. The complete report follows.

BACKGROUND
On July 22, 2025, the City Council adopted the Fiscal Year (FY) 2025-26 0perating and Capital Improvement Program (CIP) budgets. The FY 2025-26 Budget serves as the City's financial operating plan, establishing organizational goals, budget priorities, and service levels for the fiscal year, and identifying the resources necessary to deliver those services.

The adopted budget is based on a series of revenue and expenditure assumptions. As the year progresses, changes in economic conditions, grant awards, and operating needs necessitate periodic adjustments to appropriation. In many cases, these adjustments allow departments to spend newly awarded grant funds for which no appropriation currently exists, or to align multi- year grants and capital projects with final award amounts. In other cases, adjustments are required to reflect contractual obligations or operational changes that were not 'fully known at the time of budget adoption.

The FY 2025-26 Mid-Year Financial Review reports on the City's fiscal performance for the period of July through December 2025. The report primarily focuses on the General Fund, which supports core municipal services, including law enforcement, public works, and parks and recreation.

The City currently faces a structural budget deficit in which ongoing operating expenditures exceed ongoing revenues. Prior fiscal year budgets-maintained service levels by using one-time resources, including federal American Rescue Plan Act (ARPA) funding, interfund transfers, and planned use of fiind balance. Those temporary resources are now largely exhausted and are no longer available to support ongoing operations. As a result, future budgets must increasingly rely on aligning recurring revenues with recurring expenditures. In the absence of new recurring revenue sources, the City will need to implement expenditure reductions to bring the General Fund into structural balance.

ANALYSIS:

FY 2024-25 Year End
At the end of each fiscal year, the Administrative Services Department begins its process of closing out the year. This process includes reconciling the budget and ensuring all capital improvement project carryovers are processed and reflected in the new fiscal year. In addition, to avoid potential budget inflation, at the end of each fiscal year, all purchase orders and encumbrances are closed out, except for multi-year capital projects.
2 10
Once the City's budget is adopted and committed in Eden, the City's financial system, the new fiscal year is open for activity. City departments can review financial activity in the general ledger, initiate purchase orders, and track revenues and expenditures FY 2024-25 General Fund Year-End Performance
The FY 2024-25 General Fund Budget included expenditures of $74.1 million, offset by $69.1 million in projected revenues. Based on the audited figures for FY 2024-25, the City ended the year with $70.9 million in expenditures, offset by $68.9 million in revenue and the use of $1,631,882 in net transfers from Reserves. The FY 2024-25 Ending Unassigned Fund Balance is $9.4 million. In the table below, revenue and expenditure figures include transfers in/out. .' y 1, e 9 ; ,t_ ; [ ; ;
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;:Y2U:5FinaL FY2025Year-End
Beginning Unassigned Fund Balance $ 9,728,019 $ 9,728,019 Revenues 69,135,198 68,963,426
Expenditures 74,135,280 70910639
OperatingSurplus(Deficit) (5,000,082) (1,947,213)
TransferfromReserve 3,177,000 1,631,882
Ending Unassigned Fund Balance $ 7,904,937 $ 9,412,688 FY 2025-26 Changes from Adopted Budget to Mid-Year Budget When the FY 2025-26 budget was presented to City Council for consideration in July 2025, economists were discussing concerns about inflation, a 3.2% CPI increase, and Federal Reserve interest rate adjustments aimed at curbing it. The City of South Gate anticipated a moderate increase in property tax, offset by a reduction in sales tax. As the fiscal year has progressed, revenues have underperformed adopted budget projections in several key categories, most notably Sales Tax, reflecting both regional economic softness and the permanent loss of a major point-of- sale business. These developments reinforce the importance of continued monitoring of monthly receipts and disciplined expenditure management through the close of the fiscal year. * General Sales Tax and Measure P General Purpose 1% Local Sales Tax are performing lower than anticipated.
* The American Rescue Plan Act of 2021 created the State and Local Fiscal Recovery Fund (SLFRF). The City received $34,556,473 in SLFRF Funds which have been programmed in annual city budgets beginning in FY 2021-22.

The FY 2025-26 budget included significant impacts due to anticipated rising costs in insurance premiums, annual increases to the City's Unfunded Accrued Liability (UAL) pension payments, the need to invest in aging capital infrastructure, and support of the Street Lighting and Landscaping Fiu'id. The proposed mid-year review and adjustments include as-needed pool repairs at swim stadium and fireworks show in July 2026 marking the 250'h birthday of the United States.

Several revenue categories are projected to increase modestly, including Fines and Forfeitures, 3 11
Use of Money and Property, and Other Revenues, for a combined increase of $867,265. These small increases are offset by significant reductions in Sales Tax, Franchise Tax, Licenses and Pernnits, Intergovernmental and Fees and Charges. General Fund revenues are projected to decrease from $73,882,110 in the adopted budget to $71,858,928 after mid-year adjustments, a net reduction of $2,023,182 primarily driven by lower-than-anticipated sales tax collections.

Expenditures are adjusted from $80,883,165 to $82,481,788 for a net change of ($1,598,623), including transfers to Successor Agency and the Insurance Fund, resulting in a $10.6 million operational deficit.

The Mid-Year Budget Report does not include any new budget appropriation requests for the General Fund. However, prior City Council-approved appropriations in the 1st quarter and 2nd quarter of the fiscal year resulted in a net budget appropriation increase of $143,381. All appropriation adjustments are one-time adjustments. The tables below reflect the FY 2025-26 General Fund Approved and Revised budgets.
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FY 2026
Adopted Budget
FY 2026
Amended Budget
Beginning Unassigned Fund Balance
Revenues
Expenditures
Operating Surplus (Deficit)
GF Reserves to Fund Balance
Ending Unassigned Fund Balance
$7,904,937
$73,882,110
7 ($7,001,055)
7 $3,135,356
$9,412,688
$71,858,928
$82,481,788
($10,622,860)
$2,231,473
$1,021,301
The one-time adjustments in expenditures forthe year are for unexpected and unbudgeted expenses occurring this FY 2025-26, including increased costs for temporary consulting services due to vacancies, vehicle repairs, and appropriate grant funding for programs. Details of these adjustments are shown in Attachment 2. None of the proposed mid-year adjustments include new General Fund appropriations. All adjustments either occur in non-General Fund accounts, represent grant-funded appropriations, or reallocate existing budget authority.

FY 2025-26 Mid-Year Financial Report
The table below summarizes Citywide General Fund revenues and expenditures for the period July 1 through December 31, 2025, and compares them to the same period in FY 2024-25. 4 12
FY 2025-26 Mid-Year Revenue Performance
Total General Fund revenue as of mid-year FY 2025-26 is $18,179,542, which is approximately

24.6% of the Adopted General Fund revenues of $73.8 million, including Transfers In. Outlined below is a summary of the revenue performance for the City's major revenues:

Property Tax
Property Tax is the City's second-largest General Fund revenue source. The FY 2025-26 budget assumes property tax revenues of $18,601,976. Through December 2025, property tax receipts are $1,398,465 higher than the same period in FY 2024-25. Property tax revenues are received primarily in December and April following the County's property tax distribution schedule. Based on current information, staff does not recommend adjusting the FY 2025-26 property tax projection at this time.

Sales Taxes
Sales Tax revenues totaled $4,361,261, or 29.3% of the annual budget. Collections are below the expected mid-year pace, reflecting both regional economic headwinds and local business-specific factors that have reduced the City's sales tax base during the current fiscal year.

At the regional level, Los Angeles County's adjusted sales tax growth was essentially flat in 3Q 2025 compared to the prior year, while South Gate's adjusted receipts declined 5.0% over the same 5 13
period. This underperformance relative to county peers is consistent with a broader multi-year trend: on an inflation- and economic-adjusted basis, South Gate's sales tax base has contracted approximately 11.9% over the past thirteen quarters, a pattern that reflects structural changes in the City's retail and commercial activity rather than cyclical economic conditions alone.

The Autos and Transportation sectors have experienced the most significant decline, driven by the closure of a major auto dealership during the current fiscal year. This represents a permanent reduction in point-of-sale revenue rather than a temporary fluctuation, and the sector is not expected to recover to prior-year levels in the near term. HdL projects the category to decline approximately 18% for the full fiscal year before stabilizing modestly in FY 2026-27.

The General Consumer Goods sector, which represents the City's largest revenue category at approximately 26% of total point-of-sale receipts, has shown modest softness on an adjusted basis, consistent with broader trends in consumer discretionary spending driven by elevated household debt levels and reduced discretionary income. The Firestone Boulevard commercial corridor, which generates the majority of the City's point-of-sale revenue, experienced an 11.3% decline in 3Q 2025 compared to the prior year, underscoring the City's concentration risk within a single commercial corridor.

Based on HdL's mid-year analysis, the FY 2025-26 Sales Tax revenue estimate has been revised downward by $1,688,875 from the adopted budget. This revised projection reflects both the permanent revenue loss from the dealership closure and continued softness in consumer-facing categories. HdL's current mid-year estimate is lower than its prior quarter forecast, indicating that the risk to revenue remains on the downside. A slow recovery is anticipated beginning in FY 2026- 27, with modest growth projected across most industry segments as economic conditions stabilize.

Other Taxes
Other Taxes include Transient Occupancy Tax, Business License Tax, Franchise Tax, Commercial Refuse Franchise Tax, Real Estate Transfer Tax, and Materials Recovery Facility Tax. These revenues totaled $1,150,054, or 18.78% of the annual budget. Collections are slightly below pace, primarily due to the transition of Business License Tax administration to HdL, a consultant specializing in local government tax programs. As HdL's processes, billing cycles, discovery, and enforcement efforts are fully implemented, Business License Tax collections are expected to strengthen in subsequent quarters. Franchise Tax revenues are projected to decrease by $294,725 from the adopted budget to $1.8 million. In total, the estimated FY 2025-26 0ther Taxes revenue is projected to decrease by $303,055 to $24.4 million.

Licenses & Permits
Licenses and Permits revenue totaled $540,210 or 31.9% of the annual projection. This category is generally on pace, supported by steady activity in building permits and development-related services. A portion of this category, animal licensing revenue, will not be recorded until the close of FY 2025-26, temporarily moderating mid-year results. The estimated revenue for FY 2025-26 will decrease by $134,833 to $1.5 million.

Fines & Forfeitures
6 14
Fines and Forfeitures revenue totaled $380,043, or 25.5% of the budgeted amount. This category includes parking citations, code enforcement fines, and other penalties. Collections are slightly below target but remain generally consistent with historical mid-year patterns. The estimated revenue for FY 2025-26 will increase by $115,412, to $1.6 million.

Use of Money & Property
Use of Money & Property generated $1,330,972, or 53.8% of the annual budget. This category includes interest earnings and lease revenues. Interest income was substantial through mid-year due to elevated interest rates. The Federal Reserve has recently begun reducing rates and may do so again, which could moderate investment earnings going forward. The estimated revenue for FY 2025-26 will increase by $131,036 to $2.6 million.

Intergovernmental
Intergovernmental revenue totaled $179,216, or 15.6% of the aru'iual estimate. This category includes grants and Motor Vehicle-In-Lieu Excess revenue. Mid-year receipts appear lower under a straight-4ine assumption because a $921,000 California for All Youth Workforce Program Grant is reimbursable; revenue is recognized only after eligible expenditures are incurred and reimbursed. The estimated revenue for FY 2025-26 will decrease by $13,783 to $1.1 million.

Fees & Charges
Fees & Charges generated $1,702,385, or 42.5% of the annual budget, making it one of the strongest performing categories. This revenue includes plan check fees, passport services, recreation program revenues, inspection fees, and other user-based charges. Strong participation in City programs and steady zoning, plaru'iing, and inspection activity contributed to this performance. The estimated revenue for FY 2025-26 will decrease by $754,257 to $3.2 million.

Other Revenues
Other Revenues totaled $2,779,873, or 48.1% of the annual projection. This category includes Administrative Allocations, Miscellaneous Reimbursements, and Miscellaneous Revenue.

Administrative Allocations are recorded in December and the following June, so revenues in this category are expected to increase in the fourth quarter. The estimated revenue for FY 2025-26 will increase by $620,817 to $6.4 million.

FY 2025-26 Mid-Year Expenditure Performance
Total General Fund expenditures for the mid-year of FY 2025-26 were $32,982,202 or 40.8oA of the $80,883,165 adopted General Fund expenditure budget, including Transfers Out. This level of spending is generally consistent with historical mid-year patterns and reflects the timing of operational activities, staffing, and project schedules.

The Administrative Services Department will continue to monitor expenditures, address unanticipated needs as they arise, and work with departments to ensure adherence to the approved budget and informed planning for future years.

FY 2025-26 Financial Forecast
In addition to reporting on the City's fiscal performance through mid-year, the FY 2025-26 Mid- Year Financial Review provides an updated FY 2025-26 General Fund Financial Forecast. As the 7 15
fiscal year progresses, current information, unanticipated needs, and budget adjustments can affect the FY 2025-26 Adopted Budget and the projected year-end fiind balance.

Table 4 presents the updated FY 2025-26 Financial Forecast, incorporating year-to-date performance, previously approved budget actions, and the mid-year budget adjustments recommended in this report. The third column reflects the Revised Budget, which includes all unanticipated expenditures and proposed adjustments. Based on this revised forecast, the projected FY 2025-26 General Fund ending fund balance is $1,210,301.

The structural imbalance reflected in this forecast is primarily driven by increases in operating costs that have grown faster than available revenue sources, many of which are outside the City's direct control. Since FY 2019-20, pension obligations have increased by approximately $4.3 million, health insurance costs by approximately $2.2 million, workers' compensation and general liability insurance premiums by approximately $3.3 million, and street lighting and landscape maintenance costs by approximately $0.9 million. Together, these four categories alone represent more than $10.7 million in additional annual costs - an amount that exceeds the City's entire projected structural deficit and reflects expenses that are largely fixed and not subject to discretionary reduction. Similar cost pressures are being experienced by cities across California.

While the FY 2025-26 deficit can be addressed through the use of reserves, the City continues to face a structural imbalance between recurring revenues and expenditures. This drawdown will reduce the unassigned General Fund balance from $9.4 million at the close of FY 2024-25 to approximately $1.2 million, a near-depletion of the City's available reserves that leaves limited capacity to absorb further shocks in the current or future fiscal years. The City Council's consideration of a fiscal emergency declaration in January 2026 reflected the severity of this structural gap, estimated at $8-9.4 million in recurring costs. The FY 2026-27 budget development process will focus on identi:[ying long-term solutions to restore structural balance. Budget instructions have been issued to all departments, directing them to identi'Jy reductions, and the proposed expenditure reduction plan by department will be presented to the City Council as part of the FY 2026-27 budget process.
8 16
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FY2025-2 €
Jldhntad R*ia4da*
FY2025-26
Adiueta! Riidda*
fl%l%llJii%- yyyBya flla I u -@ ll& %l - - -66 % Adopted Revenues (including Transfers In} $73.882.110 $73.882,110 Measure P local Sales Tax (848,103)
Sales Tax (840,772)
OtherTaxes (303.055)
Property Taxes
License & Permits (134.833)
Fines & Forfeitures 115,412
Use of Money & Property 131.036
Intergovernmenta( (13,783)
Fees & Charges (754,257)
Other Revenues 620,817
Adopted Revenues &CouncilApproved BudgetAdjuslments $ys,aaz,its $71,854,572 Adopted Expenditures JincludingTransfers Out) $ao,aaa,iss $80,883,165 1st Quarter Council Approved BudgetAdjustments 4,356 2nd Quarier CouncilApproved BudgetAdjustrnents 139,025 Police Department Operatfonal Budget (Proposed} (24,000) Adopted Expenditures & CouncilApproved BudgetAdjustments $81,002,546 NewAppropriation Subt*tal
TotatAdjusted Expenditures 80,883,105 81,002,54 €a
Transfers In 4,356
Transfer Outto Successor Agency (Proposed) 57.136
Transfers Outto Insurance Fund (Proposed) 1,422,106 Operating4Deficit)/Surplus (97,001,055) (810,622,860)
Beginning Fund Balance $7,904,937 $9,412,6aa
GF Resehes to Fund Balance $2,231,473 $2,231,473
lEndinH Fund Balance J31135,350 $1,021,3011
FY 2025-26 Mid-Year Budget Adjustments
There are no new mid-year requests for budget appropriations in the General Fund. The ending General Fund balance for FY 2024-25 ended up $1,507,751 higher than projected in the FY 2024- 25 adjusted budget permitting two Transfer Out from the General Fund: a $1,422,106 transfer to the Insurance Fund to reduce the fund deficit and a $57,136 transfer to the Successor Agency to correct an accounting entry error that caused administrative allocations to exceed the program's administration cap.

Staff are presenting the following Mid-Year BudgetAdjustments Council's considerationto amend the FY 2025-26 Budget for other funds, as shown in Table 5 below. The proposed FY 2025-26 Mid-Year Budget adjustments are listed in Attachment 2. 9 17
Other Funds:
* Community Development Operational Budget ($10,276,284 - All Other Funds) - Additional appropriation from the Housing Authority Admin Fund ($12,000) for chain link fence rental and building and land maintenance for parking lot the City is temporarily leasing at 13050 Paramount Blvd to Toro Enterprises. The account is offset by the lease revenue ($12,000) that the City is collecting; Housing Authority Section 8 Fund ($71,000) for housing inspector services through November 2025 offset by revenue ($71,000) collected from HUD admin fees; HOME Fund ($6,268) for administration services and home partnership programs; CDBG Fund ($20,164) for rents and utilities assistance; Emergency Housing Voucher Fund ($41,926) for funds allocated by HUD for the administration of Emergency Housing Voucher Program offset by revenue of ($41,926) from annual HUD allocation; and Federal and State Grant Fund ($5,000,000) to carryover Cal-Home Grant award from FY 2024-25 and appropriating ($5,000,000) for affordable housing services.
* Police Department Operational Budget ($98,000 - All Other Funds) - Additional appropriation from the CAER Fund ($98,000) for purchase of two Police Detective Vehicles to replace vehicles that have exceeded their optimal service life. This is partially offset by a proposed budget reduction in the General Fund in the amount of $24,000, previously budgeted for vehicle leases.
* Public Works Operational Budget ($504,78 1 - All Other Funds) - Additional appropriation from the Gas Tax, Measure R and Measure M Funds ($127,000) to cover increased overtime in the Electrical Division due to a higher-than-expected number of emergency and unplanned electrical and traffic system responses, including outages, vandalism, wire the'Jt, and SCE-related issues; Gas Tax Fund ($300,000) to cover agreement for sidewalk maintenance services that was approved by City Council on October 28, 2025; Measure R 10 18
Fund ($30,936) to fully fund Amendment No.l to Mariposa Landscaping contract; Refuse Fund ($6,846) for LARA membership dues in FY 25/26; Fleet Management Fund ($40,000) to repair vehicles that have been damaged and require immediate attention. Cost neutral mid-year budget adjustments for the Public Works Operational Budget include reallocating $252,904, currently budgeted in the CAER Fund, to the AQMD Fund for the procurement of four (4) EV utility pickup trucks
* Public Works Capital Improvement Program (CIP) Cargovers from prior year Capital Budget ($87,222,062) - Carryover FY 2024-25 CIP appropriations to FY 2025-26 CIP appropriation for the following funds:
11 19
Differences between project spending and transfers at mid-year reflect reimbursement timing, including recovery of eligible costs incurred in prior fiscal years. Transfers will be recorded as fiinding requests are approved and processed. These variances represent timing differences only and do not indicate a funding shortfall.

American Rescue Plan Act (ARPA)
The City received a total of $34,556,473 in State and Local Fiscal Recovery Funds (SLFRF) from the American Rescue Plan Act in July 2021 and July 2022. In FY 2024-25, consistent with City Council direction, the City expended $10,945,778 on eligible uses including Sworn Police Officer salaries, ERP consulting services, network switch replacement, ARPA administration, food insecurity programs, mental health services, housing and homelessness programs (including a mobile health clinic and homeless encampment cleanup), local hazard mitigation and emergency operations planning, utility assistance, sewer system relining improvements, and other priority projects.

The FY 2025-26 Budget for the ARPA program includes the continuation of Sewer System Relining Improvements, network switch replacement, and other eligible projects previously approved by the City Council.

Table 7 presents the history and current status of the ARPA program as of December 31, 2025, including total allocations, expenditures, and remaining balances. 1 F
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ARPA ALLOCATION $ 34,558,473
FY 2021-22 Activity 9,929,322
FY 2022-23 Activity 3,904,542
FY 2023-24Activity 6,435,994
FY 2024-25 Activity 10,945,778
FY 2025-26 Projected Activity" 3,340,836
Total $ 34,556,473
Position Classification Plan Updates
The City strives to provide fair compensation within its financial capacity, consistent with the City's Classification Plan. To support this goal, the City Manager, acting as the City's personnel officer, periodically reviews organizational needs, evaluates positions necessary for efficient operations, and recommends adjustments to the Classification Plan and Position Control.

As part of the mid-year review, staff identified several position changes needed to support service delivery and align staffing with operational requirements. These proposed position changes utilize existing salary and benefit appropriations and do not require additional funding. These include two part-time Community Services Officers to patrol parks, freezing and unfunding one Office Assistant position in the Police Department, while funding one Intermediate Account Clerk position, and a series of Public Works position changes to support operational restructuring 12 20
The net fiscal impact ofthese position adjustments is cost-neutral and does notrequire new General Fund appropriations. Staff are presenting these mid-year position updates for the City Council's consideration to amend the FY 2025-26 Budget and Position Control. l f
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Department Cuirert P) sitio_i P 'aposed Action
Parks & Recreation
CommunityService Officer
(Park Ranger) PT Add budget for 2 positions
Police Department InterAccount Clerk (Frozen) Inter Account Clerk Police Department Office Assistant Office Assistant (Frozen) Public Works Maint Helper (Str) PERS Add 2 pOSitiOnS Public Works Maint Helper (Str) Non-PERS Delete 2 positions Public Works Maint Helper (Grf) PERS Add 3 positions Public Works Maint Helper (Grf) Non-PERS Delete 1 position FISCAL IMP ACT:

The recommended mid-year budget adjustments, combined withthe updated FY 2025-26 financial forecast, keep the General Fund aligned with projected year-end actual results. The overall fiscal impact is a projected decrease to the General Fund balance of $10,622,860 in FY 2025-26, as detailed in Table 4. This deficit is funded by a planned drawdown of Budget Stabilization and unassigned reserves, reducing the projected unassigned General Fund balance from $9.4 million to approximately $1.2 million. This use of reserves represents a one-time bridge while the City develops structural budget solutions for :tuture fiscal years. Given the limited remaining reserve capacity, there is no financial cushion to absorb additional unbudgeted costs without returning to Council for further action. To place the structural challenge in context: the City's entire General Fund revenue base is approximately $71 million, and a structural gap of $8 to $9 millionrepresents roughly 13 percent of annual General Fund revenues. Addressing a deficit of this magnitude will require significant policy decisions regarding service levels, staffing, and operational expenditures; decisions that cannot be resolved through one-time measures alone.

During the remainder of the fiscal year, if any material variances or additional funding needs arise, staff will rehirn to the City Council with recommended budget adjustments.

ATTACHMENTS: 1. FY 2025-26 Mid-Year Revenue Adjustments

2. FY 2025-26 Mid-Year Expenditure Adjustments

3. Capital Improvement Program (CIP) FY 2025-26 Continuing Appropriations

4. Resolution
13 21
City of South Gate
Proposed Mid-Year Revenue Adjustments
FY 2025-2(,
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General Fund 100-4201 State Sales Tax !!. 14,750,386 $ (840,772) $ 13,909,614 State Sakes Tax revenue decrease of $841K based on projection from the City's sales tax consultant, HDL.

General Fund 100-4208 Local Sales Tax $ 14,879,000 $ (848,103) $ 14,030,897 State Sales Tax revenue decrease of $849K based on projection from the City's sales tax consultant, HDL.

General Fund 100-42" Other Taxes $ 24,726,422 $ (303,055) $ 24,423,367 Franchise Tax revenues are projected to decrease by $295K than adopted budget.

General Fund 100-43" Licenses & Permits $ 1,695,095 $ (134,833) $ 1,560,262 Public Works permit fees are projected to decrease by $171K than adopted budget.

General Fund 100-44" Fines & Forfeitures $ 1,490,264 $ 115,412 $ 1,605,676 Parking Citations are pmjected to increase by $130Kfrom adopted budget.

General Fund 100-45" Use of Money & Property $ 2,470,585 $ 131,036 $ 2,601,621 Interest Earnings are projected to increase by $13K and Market Value Gain is projected to increase by $101Kfrom adopted budget.

General Fund 100-46' Intergovernmentak $ 1,150,985 $ (13,783%$ 1,137,202 FEMA/OES reimbursement is projected to decrease by $13.2K than adopted budget.

General Fund 100-47" Fees & Charges $ 4,008,637 $ (754,257) $ 3,254,380 Increase in projected CD Admin fees of $114K offset by projected decrease in Plan Check fees of $759K than adopted budget.

General Fund 100-49" Other Revenues $ 5,772,178 $ 620,817 $ 6,392,995 Donations are projected to increase by $360,000, Misc reimbursements are pmjected to increase by $243K, and CC convenience fees are projected to increase by $33K from adopted budget.

Housing Authority
Admin
240-4520 Property Rental $ $ 12,000 $ 12,000 Chain link fence rentalfor parking lotwe are temporarily leasing at 13050 Paramount Blvd to Toro Enterprises. The account is offset bythe revenue that we are collectinff.

Housing Authority
Section 8
241-4691 HUD Admin Fees $ 591,594 $ 71,000 $ 662,594 Willdan Engineering Housing Inspections April 30, 2025 to November 30, 2025.

We allocated $30,157. $25,000 is exclusivelyfor BDO Accounting Services, however we have charges for Davis Farr for over '10,0000 and Willdan for over $si,ooo.

Emergency Housing
Voucher
246-4690 HUD Allocation $ 256,435 $ 41,926 $ 298,361 Funds were auocated by HUD for the Administration of Emergency Housing Voucher Program.

Federal & State Grants 261-4614 Cal-Home Grant $ $ 5,000,000 $ 5,000,000 Initial award of $5M in FY 24/25. CAL-HOME Grant TOTAL: $ 3,097,388
22 City of South Gate
Proposed Mid-Year Quarter Expenditure Atljustments
:{2::i.-!E
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Public Works Gas Tax Street Division 212-713-31-6101 Professional Services $ 851,079 $ 300,000 $ 1,151,079 The Cl Concrete Construction agreement for sidewalk maintenance services was approved by City Council on October 28, 2025. The requested appropriations were inadvertently not added in the Eden system and will fully fund the approved agreement.

Public Works Measure R Electrical Maintenance 224-780-31-5110 Overtime Regular $ 31,483 $ 42,333 $ 73,816 A mid-year budget adjustment is requested to cover increased overFime in the Electrical Division due to a higher-than-expected number of emergency and unplanned electrical and traffiC system responses, including outages, vandalism, win theft, and SCE-related issues. Many of these incidents are beyond the Cityas control and require immediate response to maintain public safety and service levels through the remainder of P/ 2025-26.

PublicWorks Measure R Transportation 224-780-31-6101 Professional Services $ 729,105 $ 30,936 $ 760,041 MariposaLandscapmgcontract. TofullyfundAmendmentNo.1tocontract Public Works Measure M Electrical Maintenance 225-780-31-5110 Overtime Regular $ '11,372 $ 42,333 $ 53,705 A mid-year budget adjustment is requested to cover increased overtime in the Electrical Division due to a higher-than-expected number of emergency and unplanned electrical and trafflC syStem responses, including outages, vandalism, wire theft, and SCE-related issues. Many ofthese incidents are beyond the Cityas control and require immediate response to maintain public safety and service levels tmough the remainder of P/ 2025-28.

Police Dept Asset Forfeiture Asset Foifeiture 235-570-21-5111 OverFime Swom $ 205,981 * (43,225) $ 162,756 To replenish Equipment Maintenance account for purchase of Bodyworn Cameras Police Dept Asset Forfeiture Asset ForFeiture 235-570-21-6701 Equipment Maintenance $ 138,676 $ 43,225 $ 181,901 To replenish Equipment Maintenance account for purchase of Bodywom Cameras Police Dept General Fund Detectives 100-506-21-6310 Rents & Leases $ 24,000 $ (24,000) $ Reduce $24Kfrom General Fund and reappropriate to CAER Fund far purchase oftwo Police Detective Vehicles to replace Unit #137 and Unit #17S.

Police Dept CAER Detectives 523-506-21-9003 Auto/Rolling Stock $ $ 98,000 $ 98,000 Purchase of two %lice Detectnie Vehicles to replace Unit #137 and Unit #175 fully funded by CAER funds.

Community
Development
Housing Authority
Admin
Housing 240-650-43-9120 Predev Costs 13050
Paramount Blvd
$ $ 3,500 $ 3,500 Chain link fence rental for parking lot we are temporarily leasing at 13050 Paramount Blvd to Toyo Enterprises. The account is offset by the revenue that we aye collecting.

Community
Development
Housing Authority
Admin
Housing 240-650-43-9120 Predev Costs 13050
Paramount Blvd
$ $ 8,500 $ 8,500 To cover building and land maintenance at 13050 Paramount Blvd.

Community
Development
Housing Authority
Section 8
Housing 241-630-43-6101 Professional Services $ 30,157 $ 7'l,000 $ 101,157 Willdan Engineering Housing Inspections April30, 2025 to November 30, 2025. We allocated $30,157. $25.000 is exclusivelyfor BDO Accounting Services, howeverwe have charges far Davis Faytlor over 20,0000 and Willdan for over $61,000.

Community
Development
HOME CARES Funds 242-640-43-6101 Professional Seivices $ $ 6,268 $ 6,268 IUL 2025 T0 DEC 2025 - Administration Services for CDBG & Home Partnership Pmgrams. Funds in IDIS. Funds were supposed to be rolled over.

Community
Development
CDBG Covid-19 Funds 243-607-49-6676 Rental & Utilities ASSiSt - HYC
$ $ 20.164 $ 20,164 Topayforlatemvoices. BudgetcanfirmedinlDISbutnotincludedinP/25/26 adopted budget. Funds in IDIS
23 City of South Gate
Proposed Mid-Year Quarter Expenditure Adjustments
"/2)2-;.;6
am!!!!WWuu!f7HWlilatMWimtiN'FiRUIWl'-!i(Hi*'id:utlW-ffi.41!AWe!!!!114!!kl!H!KA'!I!rW!.'('a;fflil I&&il!['il!J!! }IM'li&'dli(!'Jlllffil!kO!IP&tim!l!tffJua!AHA :llfiTJ}IffilffiGffifR'P4uJ;l'X#!%-l)Ai{f'!MaKi'iWNJ:llH'l-:'.1:

N!WMnl:!!@jffl%Jl'-!gN!ARM:aWG!MW)l:tNkm}'-ml[ai!;III!:H!f!.(.r:ff!Ill(41ilI=!ja)K !IN!t'-H'4nN'!.ili);XI.!W tu I'z ; IR!IU#_;$*K A-.".n)LnGlim!!l;!:i 'l$NiWaA!&*)l={}m!Nki:JTff'!*&ni!iiMUnAP&)tlli'.4!a'.ThlW*iVllki!m:aali.i&!W!#li:Ja)l:
@!!miiil41HtN!i!!!U!l!&BWffiififfl:fMM'!ad)!%!!;iJ'jlil!!'!!'a,t:!mW:\jl)!f:I!M.!!N.lWKM!!;!!:'lffAiHffW#i!Wtifi!!l"!f.&!if!W',MHli!!41tJlKu$HiW}K!ilaDalRaa!!ilKa!fi!T!$!li!!!iRi:qp;l; C:im(T 'iiti
Development
Emergcrcy h OuS ng
voucher
hcr's rj ';43_t.:0':-4'i-5XI'.. Sal;i+m FTM':i:. I 41,E2E ' $ 41,!C4 Fur d' lie(e ;l 1')U3 E d ') ! l- JI:' far u e /i ITlir ' it'ali 'I- I)T Elnl!T'58 1C'% HO_ -;i-lit). ':ile: ' Program.

Communlty
Development
Federal & State
Grants
CAL-HOME Grant 26'l-638-40-6101 Professional Services $ $ 200,ODD $ :_oo,ooo FY 24/25 cariyover. Initial award of $5M in FY 24/25 for CAL-HOME Grant Community
Development
Federa! & State
GrantS
CAL-HOME Grant 261-(i38-40-6603 Affordable HousingState Grant
$ $ 4,800,000 $ 4,800,000 FY24/25 cairyover. Initial award of $5M in FY 24/25 for CAL-HOME Grant Public Works Refuse Fund Solid Waste Management 413-733-51-6304 Membership & Dues $ 34,250 $ 6,846 $ 41,096 LARA membership DUES far FY 25/26 IS $41,096 WhiCh iS higheT than budgeted amount of$34,250
PublicWorks Fleet Management Fleet Management 521-750-12-6101 Professional Services $ 161,315 $ 40,000 $ 2D1,315 A newappropriation of$40,000 is requested to repairvehicles that have been damaged and require immediate attention. The additional funding is needed to maintain fleet availability and support operations through year-end.

PublicWorks CAER Street Maintenance 523-713-31-9003 Auto/Rolling Stock $ 547,508 $ (252,904) $ 294,604 Reallacate to AQMD funds the purchase of four (4) Electric Chevrolet Silverado Trucki from National Auto Fleet Group for Public Works Dept.

PublicWorks AQMD Street Mamtenance 223-713-31-9003 Auto/Rolling Stock $ $ 252,5104 $ 252,904 Reallocate from CAER funds the purchase of four i4) Electric Chevrolet Silverado Trucks from National Auto Fleet Group for Public Works Dept.

Administrative
Servlces
Information Systems InfO TeChnOl(%!l 522-305-12-5101 Salaries - FT Misc $ 327,051 S (ss,gos) $ 261,145 SalarysavingsfromvacantFTInfoSystemsTechnician jorcybersecurityflrewall services and impmmentation ofSimpler Financial Software.

Administrative
Sentices
Information Systems Info Technology 522-305-12-6101 Professional Services $ 364,280 $ so,ooo $ 414,280 Salanl savings from vacant FT Info Systems Technician far cybersecurity firewall services
Administrative
Services
Information Systems Into Technology 522-305-12-6101 Professional Seivices $ 364,280 $ 15,906 $ 380,186 Sakary savings tram vacant FT Ihfo Systems Technician lor Simpler Systems Financial Reporting Software one-time costs
TOTAL: $ 5,730,140
24 Attachment 3
Agenda Bill 03/10/26 City of South Gate
Proposed CIP Budget Carryover
FY 2025-26
" Proposed adjustments include: $74,070 in TDA Funding from METRO and $100,000 in SBI Funds. None proposed from General Funds. 25 City of South Gate
Proposed CIP Transfers by Fund
FY 2025-26
26 311-790-31-9219 Avenue Pading Modificatlons
311-790-31-9408 1-710 PhaselV
311-7E)0-3'l-9433 Street
311-790-31-9447 Blvd Medlan IslandAlameda/LA
311-790-31-9457 Firestone/Otis ' & Median
311-790-31-9458
3'll-790-31-9473 Streets
311-790-31-9474 of TS Poles
311-790-31-9478 Gabnel Avenue
311-7'l0-3'l-9492 Streej Streejs
311-790-31-9493 Actlon&Loml SafPln
311-790-31-9494 Luis Ave Lot
311-790-31-9495 Access
311-790-31-9540 Water Infiltraiion Walls
311-790-3'l-9547 LRT Stations FL Mile
311-7G)0-31-!)564 Ave Median
311-7!)0-31-9565 Beach Pedestrian
ai i-zgo-ai-gst;i
:ffl-790-31-9582 ' Residential Ph-l
311-790-3'l-9583 Resldentlal Ph-II
311-790-31-9584 Streej Skeejs
311-7gO-31-9585 Mile Stieeis
3jl-790-31-9587 Maintenance
311-7!)031-9588 Rail
3'll-790-31-9598 Rasidantial
:ffl-790-31-9599 Mile Streets - Phase II
311-790-31-9606 Marksd School/Ped Crosswalk
311-790-39-91j4 Station & Ak
311-790-39-9456
3'll-790-39-9463 ' LED Strsst Conversion
311-7!10-39-9471 Blvd TS
311-790-39-9477 Circle Park '
3'l1-790-39-9480 ' Sidewalk Ph-Vlll
311-790-39-948'l ' Sitmwalk Phass IX
3'l1-790-39-9483
3'll-790-39-9486 AnnualSidewalk '
311-790-39-9487 Demand
311-790-39-!1488 rafflc Cemer
311-7'j0-39-9489 Rasidential ' PhaseV
311-790-39-9490 ' Residential PhaseX
311-790-39-9491 Wlre Thefl Preventlon
311-790-39-9589 Mile uncontrolled Crosswalks
311-790-39-9590 at 71ntersections
311-790-39-9591 uncontrolled Crosswalks
311-790 49-9118
311-790-49-9912 Transition Plan Ph-l
:ffl-790-49-9914 EleclricVehicle ' Stations
:ffl-79049-9915 HVAC SGP Center
311-790-49-9916 RlaHondoChannelHomelessEncam
311-7%-49-99'l8 Hall HVAC
311-790-49-9920 Selsmlc %trofit Assessmenj
:ffl-790-6'l-9212 Gate & Cssar Chavez
3'll-790-61J1216 Club House Renovation
3'll-790-81-9217 PaA Renovation
31 5-79(1-6j-!1485 Park St.aut Huts Roof Restorabon 311-790-61-9211 Fence
31 5-790-8j-92j4 0rchard
311-7!10-61'j220 ParkRenovatlan
311-790-61-9484 ParkAudifonum Roof
3'll-790-61-9913 Rooms Renovation
3j1-790-60J1424 Relomjion
31 aTS)ill T
412-732-52-9505 '
CIP Transfers Fund Totals:
30,000
1 742
431
37 120
397
187
491
101
347
18ei
97 457
480
571
City of South Gate
Proposed CIP Transfers by Fund
FY 2025-26
i 197
37 247
1 776
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!l!!i!!i i!mail!)!i'i!fflll'l'!tiAi!5!Iffl!'!ffllj.i!li'iil:!!:"M!!'lii!IU'U'. !l fill I..Jlli as-r"f:'i""41"l'lj:"F'flNl'f!ff'lK';N!)!%"Valff"Aii'iTl'J;'i"il='a'!llrl"ll''.ili':'nP'j4fli#Nf!N'!MJh!'YiYij'l IWffi ;I!'T'!'I;' 4 IW,-I ?i a II.! '!iWIW!ffi'J.'!: i! € %'W!Fk'rWli'lU.'r,5J"'i ' W!L'!'Ni!'i4V=l ia:"*tlffi l-i :4-rI k' I II I 3. 1l"i'illil :31 1-7FC1-3- E44.7 Fi=est:uie '31vi T;13':'. an ISlal-C A ai'ie'j=i;LA ( a. ," '1 81 -'1 :311-790-31-9598 Citywide Residential Resufacing Ph-IV 100,000 "100,000 411-731-71-9522 Water Main Replacement Phase II 4,230,798 4,230,798 411-731-71-9523 Water Main Replacement Phase Ill 175,564 "175,564 411-731-71-9524 Water Lateral Repairs 300,000 300,000 4"If-731 -71 -9545 Well No. 18 Rehabilitation Phase 2 500,000 500,000 411-731-71-9546 Well Meter Repl, Upgrade to MWD Inter-ti 1,258,717 1,258,717 411-731-71-9576 Coating Hawkins-Santa Fe&Elizabeth Tanks 528,121 528,12"l 411-731-71 -9577 Urban Orchard Well No. 30 5,255,783 5,255,783 411-731-71-9579 Well Abandonment at 3 Locations 206,808 206,808 411-73'l-71-9580 SCADA System Upgrades 63"l ,682 631 ,682 411-731-71-9581 AMI/AMR Meter Replacement Phase Ill 163,5al5 163,515 411 -73al-71-9583 AMI/AMR Meter Replacement Phase V 100,000 100,000 411-731-71-9584 Citywide Backflow Prevention System 100,000 -100,000 411-731-71-9592 Water Main Replacement Phase I 184,335 184,335 411-731-71-9593 AMI/AMR Meter Replacement Phase IV 1,731,196 1,731,196 411-731-71-9594 Park Reservoir PFOA Treatment Facility 7,342,940 7,342,940 411-731-71-9595 As-needed Water Main Repairs 100,000 100,000 4"I I-73"1-7al-9596 Citywide Valve Replacement 564,954 564,954 411-731-71-9605 Lead and Copper Rule Revisions (LCRR) 17,334 17,334 41 -l-731 -"i"i-9916 EV Charging Station at PW Yard 143,633 143,633 411-731-71-9917 Firestone Blvd Bridge Water Main L-Pipe 3al8,024 3al8,024 412-732-52-9505 Sewer System F'elining Improvements 628,945 628,945 524-415-61-9104 S. G Pool Improvements 63,240 63,240
524-460-61 -gt oo Facility Improvements 22,633 22,633 524-501-21-9100 Facility Improvements I ,401,073 1 ,401 ,073 524-790-12-9923 City Halt Reroofing Project 971,686 971,686 CIP Budget Direct From Fund Totals: 27,102,153 161,171 23,853,405 628,945 2,458,63"l City of South Gate
Proposed CIP Budget Direct From Funding Source
FY 2025-26
C) 28
Attachment 4
Agenda Bill 03/10/26
RESOLUTION NO.

CITY OF SOUTH GATE

LOS ANGELES COUNTY, CALIFORNIA

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SOUTH GATE APPROVING FISCAL YEAR 2025-2026 MID-YEAR BUDGET ADJUSTMENTS WHEREAS, on July 22, 2025, the City Council adopted the Fiscal Year 2025-2026 Budget;
WHEREAS, since the adoption in July 2025, City Council has taken action to adjust the general ledger of the Fiscal Year 2025-2026 Budget to fund various projects across the agency; WHEREAS, at the March 10, 2026 City Council meeting, the City Council considered recommended Mid-Year Budget Adjustments to the Fiscal Year 2025-2026 Budget; WHEREAS, the City Council considered amending the Fiscal Year 2025-2026 Budget to include Capital Improvement Program (CIP) appropriations, WHEREAS, the City Council desires to amend the Fiscal Year 2025-2026 Budget;

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SOUTH GATE, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:

SECTION 1. The Fiscal Year 2025-2026 Budget is hereby amended to reflect those Adjusted Budget amounts for Fund Sources and Accounts as stated in the FY 2025-2026 Mid-Year Revenue Adjustments (Attachment 1) and FY 2025-2026 Mid-Year Expenditure Adjustments (Attachment 2);
SECTION 2. All other terms of the Fiscal Year 2025-2026 Budget, and prior adjustments to the general ledger of the Fiscal Year 2025-2026 Budget, not amended herein shall remain unchanged; and
SECTION 3. The Fiscal Year 2025-2026 Budget is hereby amended to include the budgeted amounts for the Account Titles stated in the Funds indicated in the Capital Improvement Program (CIP) Continuing Appropriations (Attachment 3); SECTION 4. The Fiscal Year 2025-2026 Budget is hereby amended to include the budgeted amounts for the Accoiu'it Titles stated in the Funds indicated in the Salary Savings Schedule (Attachment 4);
SECTION 5. The City Clerk shall certify the adoption of this Resolution which shall be effective upon its adoption.

PASSED, APPROVED and ADOPTED this IOth day of March 2026.

29 CITY OF SOUTH GATE:

By:

Joshua Barron, Mayor
ATTEST:

By:

Yodit Glaze, City Clerk
(SEAL)
APPROVED AS TO FORM:

BY:

DRAFi (-
Rail F. Salinas, City Attorney

;l'L
30 M A R , I-'till'lli'Ji :.i,
FILED
Iz-. t':?-l
Cid of South Gate

CITY COUNCIL
Item No. 2

A(GENDA BY,LL
For the Regular Meeting of: March 10, 2026
Originating Department: Community Development
nepartmemnireaor: §(Gab}e%Pez
City Manager:

Rob Houston
SUBJECT: SUBST ANTIAL AMENDMENTS TO FISCAL YEAR 2023-2024, 2024-2025, & 2025-2026 ANNUAL ACTION PLANS FOR THE COMMUNITY DEVELOPMENT BLOCK GRANT (CDBG) FUNDS.

PURPOSE: To consider approving Substantial Amendments to the FY 2023-2024 (No. 2), 2024-2025 (No. 2), & 2025-2026 (No. 1) Annual Action Plans to reprogram CDBG funds.

RECOMMENDED ACTIONS: Following the conclusion of the Public Hearing, the City Council will consider:
a. Adopting a Resolution approving Substantial Amendment No. 2 to the Fiscal Year 2023-2024 Annual Action Plan; Substantial Amendment No. 2 to the Fiscal Year 2024-2025 Annual Action Plan; and Substantial Amendment No. 1 to Fiscal Year 2025-2026 Annual Action Plan Reprogramming Community Development Block Grant (CDBG); b. Authorize the City Manager or the Community Development Director to initiate appropriate action necessary to implement projects and programs as noted in the FY 2025-2026 Annual Action Plan. c. Reallocate $749,254 in Community Development Block Grant (CDBG) 'funds and $340,000 in HOME Investment Partnerships Program (HOME) :[unds from current activity allocations to the proposed budget amendments within each respective fund.

FISCAL IMPACT: There is no fiscal impact to the General Fund.

NOTICING REQUIREMENT: Advertising and notification of the Public Hearing was conducted in compliance with Municipal Code Section 11.50.020 (Public Hearing Notification) and was published in The South Gate Press newspaper on January 22, 2026. The notice noted a 30-day comment period. Additionally, the Notice was posted on the City's website. Additionally, the Public Hearing was continued from the February 24, 2026, council meeting.

ALIGNMENT WITH COUNCIL GOALS: The FY 2025-2026 Annual Action Plans supports the City Council goals of creating and protecting strong and sustainable neighborhoods by supporting projects and programs that benefit low-and moderate-income residents of South Gate.

ANALYSIS: InaccordancewiththeCity'sCitizenParticipationPlan,whenprocessingasubstantial amendment, the City is required to hold a 30-day public comment period and publish a public notice 1 31
specifying the date, time, and location of a public hearing. Substantial Amendment No. 2 to the Fiscal Year 2023-2024 Annual Action Plan reduces the allocation of the CDBG 2024 Neighborhood Revitalization Grant Program so that the funds may be programmed to the same program but for the current fiscal year. Substantial Amendment No. 2 to the Fiscal Year 2024-2025 Annual Action Plan removes the Commercial Facade program and three CDBG South Gate Park Improvement projects; reprograms funds to the Swim Stadium Scoreboard, Tot Lot Resurfacing, and Street Project as noted in the table below.

Substantial Amendment No. 1 to Fiscal Year 2025-2026 Annual Action Plan removes and reprograms fiinds allocated to the CDBG 2025 Small Business Grant Assistance Program, increases the allocation of the 2025 Neighborhood Revitalization Grant Program, and programs available fiinds to a Demolition & Clearance project; additionally it reduces HOME funding for TBD Affordable Housing Project(s) and reallocates those fiu'ids towards the 2025 Residential Rehab Project.

Additionally, the Citizens Advisory Committee reviewed the matter and was invited to provide public comment:

FISCAL
YEAR
PLAN

PROPOSED

SUBSTANTIAL

AMENDMENT
NO.

ACTMTY NAME

CURRENT
ACTMTY

ALLOCATION

PROPOSED
BUDGET

AMENDMENT

NET CHANGE
CDBG
2023-2024 2
Neighborhood Revitalization
Grant Program (2023) S357,043 S297,043 (S60,000)
2024-2025 2
SG Park Improvements - Sports
Complex Gymnasium Divider
(2024)
S55,000 SO (555,000)
2024-2025 2
SG Parklmprovements - Girls
Clubhouse Renovations (2024) S64,254 SO (S64,254)
2024-2025 2
SG Park Improvements -
Recreation Buildings Roof
Replacement (2024)
S120,000 SO (S120,000)
2024-2025 2
SG Park Improvements - Swim
Stadium Scoreboard (2024) S80,000 S144,254 S64,254
2024-2025 2
Gardendale Park Improvements
-Tot Lot Resurfacing (2024) S120,000 S245,000 S125,000 2024-2025 2
SG Park Improvements -
Ballfield Shade Structures (2024) S600,000 S600,000 SO 2024-2025 2 Commercial Fagade (2024) S400,000 SO (S400,000) 2025-2026 1
Small Business Grant Assistance
(2025) S50,000 SO (S50,000)
2025-2026 1
Neighborhood Revitalization
Grant Program (2025) S365,000 S425,000 S60,000
2025-2026 1
Demolition & Clearance Project
(2025) SO S225,000 S225,000
2025-2026 1
Street and Sidewalk Project
(2025) S513,990 S788,990 S275,000
HOME
2025-2026 1
Affordable Housing Project
(2025) Sl,300,000 S960,000 (S340,000)
2025-2026 1
Residential Rehab Program
(2025) S41,000 S381,000 S340,000
2 32
CDBG: Neighborhood Revitalization Grant Program - $60,000 proposed increase The Neighborhood Revitalization Grant Program provides grants to income-eligible households for eligible home repairs. The 2024 Neighborhood Revitalization Grant Program assisted four households.

By reallocating the balance ($60,000) to the 2025 Neighborhood Revitalization Grant Program, the program will be able to assist additional households, with a total updated proposed budget of $425,000.

CDBG: Parks and Recreation Improvements - $189,254 proposed increase Aquatics Score Board - $64,254 is proposed to be added to this project, for a total updated proposed budget of $144,254. The project proposes to purchase and install a scoreboard at the South Gate Park Swim Stadium.

Gardendale Tot Lot Resurfacing - $125,000 is proposed to be added to this project, for a total updated proposed budget of $245,000. The project proposes installing ADA accessible surface at the Gardendale Tot Lot.

CDBG: Demolition & Clearance - $225,000 proposed (new proiect) 9001-9019 Long Beach mvd - $225,000 is proposed for demolition and clearance, including lead and asbestos testing and abatement, of the properties located at 9001-9019 Long Beach Blvd.

CDBG: Street and Sidewalk Proiect - $225,000 proposed increase To assist in meeting the City's timeliness goals, staff propose reprogramming the remaining Commercial Fagade program funds to increase the FY 25/26 Street and Sidewalk Project by $275,000, thus increasing the total CDBG budget for this project to $788,990.

HOME: Residential Rehab Program - $340,000 proposed increase Residential Rehab Program - $340,000 is proposed to be added to this residential rehab program to assist additional residents.

BACKGROUND: The City of South Gate has received Community Development Block Grant (CDBG) funds annually since the enactment of the Housing and Community Development Act of 1974. The City qualifies as an "entitlement" jurisdiction due to its population exceeding 50,000 and meeting specific demographic criteria. CDBG funds support a variety of projects and programs that primarily benefit low- and moderate-income individuals.

Per HUD regulations, the development of Annual Action Plans requires citizen participation and public review process, including a public hearing before submitting any substantial amendments.

The proposed substantial amendment was presented to the Citizens Advisory Committee (CAC) on February 11, 2026, where the CAC reviewed the proposal and provided funding recommendations, as outlined in the table above.
3 33
ATT ACHMENTS:

Resolution Approving Substantial Amendment No. 2 to the Fiscal Year 2023-2024 Annual Action Plan; Substantial Amendment No. 2 to the Fiscal Year 2024-2025 Aru'iual Action Plan; Substantial Amendment No. 1 to the Fiscal Year 2025-2026 Annual Action Plan
Proof of Publication - Public Hearing Notices
34 Attachment A
Agenda Bill 03/10/26
RESOLUTION NO.

A RESOLUTION OF THE CITY COtJNCIL OF THE CITY

OF SOUTH GATE, APPROVING THE SUBST ANTIAL
AMENDMENTS TO FISCAL YEAR 2023-2024, 2024-2025,
2025-2026 ANNUAL ACTION PLANS FOR THE
COMMUNITY DEVELOPMENT BLOCK GRANT FUNDS.

WHEREAS, The City participates in the Department of Housing and Urban Development's (HUD) Consolidated Plan Process and receives both Community Development Block Grant (CDBG) and Home Investment Partnership (HOME) funds. Agencies that receive funds from HUD are required to prepare and submit an Annual Action Plan that identifies the projects to be funded; and
South Gate (the "City") prepared and adopted a Five-Year Consolidated Plan for the City covering the period of July 1, 2020, to June 30, 2025, the City Council meeting of September 22, 2020; and
WHEREAS, the purpose of the Consolidated Plan and the Annual Action Plan is to identify housing and cornrnunity development needs and to develop specific goals and objectives to address those needs over a five-year period and is a requirement of the U.S. Department of Housing and Urban Development that the City must meet in order for the City to continue to receive federal housing and community development funds; and WHEREAS, the City Council approved the aforementioned Annual Action Plans for expenditure of the entitlement grants from HUD, including the CDBG and HOME programs; and WHEREAS, the City Council has determined that the FY 2023-2024, 2024-2025, & 2025- 2026 Annual Action Plans need to be amended in accordance with HUD regulations through a Substantial Amendment to reflect the changing needs of the community; and WHEREAS, City staff published a public notice announcing the proposed substantial amendments in the January 22, 2026, edition of The South Gate Press newspaper. The thirty (30) day public review and comment period scheduled to end on February 24, 2026, was continued to March 10, 2026; and

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SOUTH GATE DOES HEREBY RESOLVE AS FOLLOWS:

SECTION 1. The above recitals are true and correct and incorporated herein by reference.

SECTION 2. The City Council of the City of South Gate does hereby adopt Substantial Amendment No. 2 to the Fiscal Year 2023-2024 Annual Action Plan; Substantial Amendment No. 35 2 to the Fiscal Year 2024-2025 Annual Action Plan; and Substantial Amendment No. 1 to the Fiscal Year 2025-2026 Annual Action Plan.

SECTION 3. The City Manager is hereby authorized to make all conforming modifications and edits and to execute all implementation documents required by HUD to implement the Substantial Amendment.

SECTION 4. The City Manager is hereby directed to file a copy of said Substantial Amendments to HUD.

SECTION 5. The City Manager is hereby authorized to enter into agreements with eligible sub-recipients.

SECTION 6. The City Clerk shall certify the adoption of this Resolution which shall be effective upon its adoption.

PASSED, APPROVED, AND ADOPTED by the City Council of the City of South Gate at its regular meeting on this I0th day of March 2026.

CITY OF SOUTH GATE:

Joshua Barron, Mayor
City of South Gate
ATTEST:

Yodit Glaze, City Clerk
City of South Gate
(SEAL)
"PR'5rA'\f';
Raul F. Salinas, City Attorney
36 ST ATE OF CALIFORNIA

COUNTY OF LOS ANGELES

CITY OF SOUTH GATE
SS:

I, Yodit Glaze, City Clerk of the City of South Gate, County of Los Angeles, State of California, hereby certi'[y that the foregoing Resolution No. was passed and adopted by the City Council of the City of South Gate, signed by the Mayor and attested by the City Clerk at a regular meeting of said Council held on the I0th day of March 2026, and that said Resolution was adopted by the following vote, to-wit:

AYES:

NOES:

ABST AIN:

ABSENT:

Yodit Glaze, City Clerk
City of South Gate
7 37
Attachment B
Agenda Bill 03/10/26
SOUTH GATE PRESS Thls spoce Tni IDltig stamp OnlV
1007 N SEPULVEDA EILVD STE 1357, MANHATTAN BEACH, CA 90266 Telephone (323) 556-5720 / Fax (213) 834-0584
8@ut2oAi\y)e€:,13
FEB-5s.

FILED
Yodit Glaze, City Clerk
C!TY' OF SOUTH GATE /CiTY CLERK WWA#: 4004751
8650 CALIFORNIA AVE
SOUTH GATE, CA - 90280

PROOF OF PUBLICATION
(2015.5 C.C.P.)
State of California
County of LOS ANGELES
NOtiCe%'El: HRG-NOTICEOFHEARING
Ad Descrlption:
25-26 South Gate Sub Amend I Notice v.Dl.l3.26
I am a citizen of the united States and a resident ofthe State of California: I am over the age of elghteen years, and not a party to or interested in the above entltlsd matter. I am the princlpal clerk of the piinter and publlsher of the SOUTH GATE PRESS, a newspaper published In the English language in the city of SOUTH GATE, county of LOS ANGELES, and adjudged a newspaper of general circulation as deflned by the laws of Uie State of Ca1ifornia by the Superior Court of the County of LO8 ANGELE8, State of Callfornla, under date 04/19/1929,CaseNo.2734l5. Thatthenotice,ofwhlchlheannexedisa prillted copy, has been published tn each regular and entire issue of said newspaper and not In any supplement thereofon the following dates, to-wit:
01/22/2026
5tecuted on: 0j/22/2026
At Los Angeles, California
I certify (or declare) under pei-iaity of perjury that the foregolng Is true and correCL
Slgnaiure
lIlillllllllllllllllllllllllllllllllllllllllllllJIllllllIl)Illllllllll AOOOOO7312913
Emall
38 SOUTH GATE PRESS
This spnca (or (111ng glemp only
Office of the
a$outh Gate City Clerk
1007 N SEPULVEDA BLVD STE 1357, MANHATTAN BEACH, CA90266 Telephone(323)556-5720 /Fax(213)834-0584 FED - 5 2026
FILED
Yodit Glaze, City Clerk
CITY OF SOUTH GATE /CITY CLERK WWA#: 4004771
8650 CALIFORNIA AVE
SOUTH GATE, CA - 90280
PROOF OF PUBLICAT iON
(2015.5 c.c.p.)
State of California
County of LOS ANGELES
NO(iCe Tm: HRG - NOTICE OF HEARING
Ad Descvlptlon:
25-26 South Gate Sub Amend 4 SP Notice v.OL'l3.26 I am a citlzen of the Unlted States and a resident of the State of California; I am over the age of eighteen years, and not a perly to or interested in the above entitled matter. I am the prlncipal clerk ofthe printer and publlsher of the SOUTH GATE PRESS, a newspaper published in the Engllsh Isnguage In the dty of SOUTH GATE, county of LOS ANGELES, and adjudged a newspaper of general clrculatlon as defined by the laws of the State of Ca!lfornla by the Superior Court of the County of LOS ANGELES, State of Califomla, under date 04/19/1929, Case No. 273415. That the notice, ofwhich the annexed is a printed copy, has bsen published in each regular and entlre Issue of said newspaper and not in any supplement thereof on the following dates, to-wit:

OU22/2028
Executed on: 01/22/2026
At Los Angeles, California
I certify (or declare) under penalty or perjury that the roregoing Is true and correct.

Signatura
Illllllllll)Illilllllllllllllllllllllllllllllllllllllllllllllllll!II AOOOOO7312'M5
Emall
39 I ')lfl+.a' if 1:ita
ciru:lh ("i:itr- Ci!1 ':':+ay' Item No. 3
ri/!AR 'J ',20a,)5
C'Uy of South Gate

FILED CITY COUNCIL
12',('={)rz

AGENDA BNLL
DepartmentDirector:

For the Regular Meeting of: March 10, 2026
Originating Department: Community Development
4!';b!ebz
CUy Manager:

Rob ouston
SUBJECT: ZONE CHANGE (ZC N0. 25-01) AND GENERAL PLAN AMENDMENT (GPA N0. 25-01)
On January 20, 2026, the Planning Commission reviewed ZC No. 25-01 and GPA No. 25-01 as part of a larger project to construct a new drive-through restaurant (PL No. 25-0058 and CUP No. 25-01) at 4816 and 4820 Firestone Boulevard and renovate a restaurant parking lot at 8915 Vossler Avenue. The Planning Cornrnission approved PL No. 25-0058 and CUP No. 25-01 and recommended approval to the City Council of ZC No. 25-01 and GPA No. 25-01 by a 4-O vote.

On February 24, 2026, the City Council opened the public hearing and continued it to March 10, 2026.

PURPOSE: The applicant requests approval of the following:
a. Zone Change ('LC No. 25-01) to change the zone of the 8915 Vossler Avenue property from NL (Neighborhood Low) to {JN (Urban Neighborhood) and remove the Corridor Transition Overlay.
b. General Plan Amendment (GPA No. 25-01) to change the land use designation of the 8915 Vossler Avenue property from Medium Density Residential to Commercial. * Proiect Location: 8915 Vossler Avenue
* Property Owner: David Ghermezian, 4816 Firestone, LLC @ Applicant/Representative: Pedram Shokati, Shokati Architects @ Project Area: 7,692 square feet (SF) or O.18 acres (AC) RECOMMENDED ACTIONS: The City Council will consider:
a. A finding that in accordance with CEQA, this project qualifies for a categorical exemption under CEQA Guidelines Section 15303 (Class 3), "New Construction or Conversion of Small Structures," and is thereby exempt from CEQA in that the subject property will continue to be used as a parking lot for a new drive-through restaurant. b. Adopting Resolution No. 2026-, included as Attachment 1, approving GPA No. 25-01 for a property at 8915 Vossler Avenue.
1 40
c. Adopting Ordinance No. 2026-, included as Attachment 2, approving ZC No. 25-01 for a property at 8915 Vossler Avenue.

PROJECT DESCRIPTION:

The subject property is part of a larger project to construct a new drive-through restaurant to replace an existing restaurant building. The new drive-through restaurant was approved by the Planning Commission on January 20, 2026 (Attachment 3). The Planning Commission also recommended to the City Council approval of ZC No. 25-01 and GPA No. 25-01 for the subject property located at 8915 Vossler Avenue.

The Planning Commission approved the development of a general quick-service restaurant (QSR) with a drive-through and walk-up window onthree lots. An existing 3,680-square-foot (SF) vacant restaurant b uilding on the northwestern lot will be demolished. The proposed project included the following:
* New 1,700 SF restaurant building with a drive-through lane and a walk-up window located on the northern two lots (4816 and 4820 Firestone Boulevard) * New 220 SF covered patio for outdoor seating
* Drive-through lane: 10 cars
o Length: 170 linear feet from the entrance to the pick-up window * Parking Spaces: 14 spaces
o llspacesat8915VosslerAvenue
' Includes one ADA and one electric vehicle (EV) charging station o Three spaces at 4816 Firestone Avenue
* Trash enclosure for waste, recycling, and compost * Existing pole sign to be refaced
* Landscaping and other improvements
There is a 15-foot-wide public alley between the two northern properties along Firestone Boulevard and the southern property at 8915 Vossler Avenue. The alley will continue to be maintained by the City. It allows access to the southern parking lot and to the restaurant's drive-through lane.

Landscaping will be provided throughout the project site, including along the streets and in the parking lot. A trash enclosure is proposed on the east side of the southern lot next to the handicap parking space.

An electric vehicle parking space is proposed in the southeastern corner.

BACKGROUND:

Site History and Environmental Setting
The overall site for development of the drive-through restaurant involves three lots: one developed lot and two lots used for parking. The developed lot (4816 Firestone Boulevard) at the northwestern portion of the site has a one-story, 3,680 SF commercial building built in 1928, which has been used as a restaurant. The property at 8915 Vossler Avenue has been used as a parking lot for the restaurant for decades and is the subject of this application.

The overall site is bounded by Firestone Boulevard to the north, Vossler Avenue to the east, residential uses to the south, and commercial uses to the west. The Azalea Shopping Center is located north of the site across Firestone Boulevard. The overall site is flat with paved sidewalks along the streets. An alley 2 41
traverses the site from the east to the west. Vegetation is minimal, limited to a few street trees along Vossler Avenue and a planter area at the northeastern corner. The southern parking lot has a planter area along Vossler Avenue, which has not been maintained. There are no sensitive habitats or protected species in the area. Wildlife consists of common urban birds and small mammals. There are no known historical, cultural, or scenic designations on the property.

Project Overview
Site Characteristics: The overall site measures approximately 186 feet from Firestone Boulevard to the southern property line, and 128 feet from Vossler Avenue to the western property line on the southern lot. The three lots are all rectangular-shaped with an alley traversing the project site. The subject site at 8915 Vossler measures 128.2 feet deep by 60 feet wide according to the County Assessor's map. Table 1 summarizes the subject site and Table 2 describes the surrounding land uses. ,Table 14 P#opertv:Data -
Lot Depth . 128.2'
Lot Width 60'
Lot Area 7,692 SF (0.18 AC)
Surroundings: Surrounding properties include commercial uses along Firestone Boulevard and residential uses to the south. The Azalea shopping center is located to the north across Firestone Boulevard. Figure I shows an aerial photograph of the area. Figure 2 shows the zoning designations.

Figure 3 shows the Corridor Transition Overlay.

Table 2 - Surrounding I_iand Uses
Zone Land Use
North RC Cornrnercial
East UN Commercial
South NL Residential
West UN/NL Cornrnercial, Residential
3 42
Figure 2 - Current Zoning Map
Figure 3 - Current Overlay District
Speclal Requlraments & Appllcable Overlays
gCorr'bdor Transikn Overlay
S# CMpler !1.26
4 43
ANALYSIS:

Zone Change (ZC No. 25-01 ) and General Plan Amendment (GPA No. 25-01 ) The applicant proposes a Zone Change to change the zone from NL to UN and remove the Corridor Transition Overlay, and a General Plan Amendment to change the land use designation from Medium Density Residential to Commercial for the property at 8915 Vossler Avenue. The 'UN zoning district will be consistent with the zoning for the restaurant properties (4816 and 4820 Firestone Boulevard) as well as other properties along the south side of Firestone Boulevard, which are also zoned {JN. On January 20, 2026, the Planning Commission recommended to the City Council approval of the Zone Change and General Plan Amendment. The Planning Commission included a condition of approval requiring the lot at 8915 Vossler Avenue to be linked in perpetuity to the northern lots to prevent it from being sold separately, potentially eliminating much of the parking.

The proposed Zone Change and General Plan Amendment are appropriate as the property at 8915 Vossler Avenue has historically been used as a parking lot serving adjacent commercial uses. In addition, the proposed {JN zoning designation permits residential development at densities of up to 40 dwelling units per acre, compared to the 9-16 dwelling units per acre allowed under the Medium Density Residential land use designation. Accordingly, the Zone Change is consistent with the City's Housing Element and would not result in a loss of housing opportunity; rather, it would facilitate the potential for increased residential development. The Zone Change and General Plan Amendment are summarized in Tables 4 and 5, respectively.
'l'a51e4 - Zoning Summary
Address Current
Zoning
Proposed Comment
4816 Firestone Blvd. UN UN No change
4820 Firestone Blvd. UN UN No change
8915 Vossler Ave. NL UN Changed to UN; Corridor
Transition Overlay
removed
Table 5 - General Plan Land Use Designation Summary Address Current Land
Use Designation
Proposed Land
Use Designation
Comment
4816 Firestone Blvd. Commercial Commercial No change 4820 Firestone Blvd. Commercial Commercial No change 8915 Vossler Ave. Medium Density
Residential
(9-16 du/ac)
Commercial Residential units
allowed in {JN zone
Conclusion
The proposed Zone Change and General PlanAmendment will be consistent with existing and proposed uses inthe area and it is recommended that the City Council approve the request and adoptthe proposed resolution and ordinance (Attachments I and 2).
5 44
ATT ACHMENTS:

Resolution No. 2026-
Ordinance No. 2026-
Planning Commission Resolution No. 2026-01 (Executed) Findings Supporting a Categorical Exemption
Applicant's Correspondences
a. Letter dated January 15, 2026
b. Supplement Form - CUP
c. Supplement Form - Zone Change/General Plan Amendment d. Environmental Information Form
e. Bus Routes
f. Traffic Letter dated September 3, 2025, without attachments ALTA Survey
Proposed Plans
Proposed Zone Change and General Plan Amendment
45 Attachment 1
Agenda Bill 03/10/26
RESOLUTION NO.

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

SOUTH GATE, ST ATE OF CALIFORNIA, ADOPTING GENERAL PLAN AMENDMENT N0. 25-01 AMENDING THE LAND USE

DESIGNATION OF THE COMMUNITY DEVELOPMENT

ELEMENT FROM MEDIUM DENSITY RESIDENTIAL TO
COMMERCIAL FOR A PROPERTY LOCATED AT 8915 VOSSLER

AVENUE, AND DETERMINING THE ACTION IS EXEMPT FROM THE CAJ,IFORNIA ENVIRONMENT AL QUALITY ACT (PL 25- 0058)
WHEREAS, on January 30, 2025, the Community Development Department received an application from Pedram Shokati of Shokati Architects ("Applicant"), on behalf of 4816 Firestone, LLC ("Property Owner"), represented by David Ghermezian, requesting approval of: a Site Plan and Design Review (PL No. 25-0058) for development of a site greater than 15,000 square feet (SF) where two or more parcels are proposed to be consolidated for development; a Conditional Use Permit (CUP No. 25-01) for a drive-through restaurant subject to South Gate Municipal Code (SGMC) Sections 11.40.220 and 1 1.22.090(D); a Zone Change (ZC No. 25-01) to change the zone from Neighborhood Low (NL) to Urban Neighborhood ({JN), and remove the Corridor Transition Overlay for the property at 8915 Vossler Avenue; and a General Plan Amendment (GPA No. 25- 01) to change the land use designation from Medium Density Residential to Cornrnercial for the property at 8915 Vossler Avenue (see Attachment "A") described herein ("Application"); and WHEREAS, the Application pertains to the development of a new 1,700 SF restaurant building with a drive-through lane and a walk-up window located on the northern two lots (4816 and 4820 Firestone Boulevard), 14 parking spaces, including one Americans with Disabilities Act (ADA) space and one electric vehicle (EV) charging station, trash enclosure, signage, landscaping, and other improvements. The applicant is actively seeking a prospective tenant for the restaurant building. The overall project site is 18,274 square feet (0.42 acre) and includes Los Angeles County Assessor's ParcelNumbers 6222-011-015, 6222-011-037, 6222-011-017, more cornrnonly known as 4816 and 4820 Firestone Boulevard, and 8915 Vossler Avenue, South Gate, California. GPA No. 25-01 affects the property at 8915 Vossler Avenue ("Property"); and WHEREAS, pursuant to SGMC Section 11.50.050, an amendment to the zoning map and General Plan land use map must be considered by the Planning Commission before being adopted by the City Council for final review; and
WHEREAS, on January 20, 2026, the Planning Commission held a regular public hearing to receive public testimony and other evidence regarding the Application, including without limitation, information provided to the Planning Commission by City staff and public testimony; and
WHEREAS, on January 20, 2026, the Planning Cornrnission held a regular public hearing to receive public testimony and other evidence regarding the Application, and at the conclusion of said public hearing, the Planning Commission voted, 4-0, to approve PL No. 25-0058 and CUP No. 25-01, and recornrnended approval to the City Council of ZC No. 25-01 and GPA No. 25-01; and
Page l of 4 46
WHEREAS, on January 29, 2026, notice of the City Council's public hearing on GPA No, 25-01 was published in compliance with State law in a local newspaper of general circulation, and a public notice was mailed to each property owner, occupant, and resident within a 1,000-foot radius of the project site, indicating the date and time of the public hearing in accordance with California Government Code 65091; and
'!!VHEREAS, on February 24, 2026, the City Council held a duly noticed public hearing, opened the public hearing, and continued it to March 10, 2026; and WHEREAS, on March 10, 2026, the City Council conducted a duly noticed continued public hearing at which all interested persons were afforded the opportunity to present evidence, testimony, and statements regarding the subject application; and WHEREAS, the City Council has considered and duly received all oral and written evidence, testimony, and statements presented at the public hearing, and, being fully advised and informed with respect to the application, is prepared to take action thereon.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SOUTH GATE, CALIFORNIA, HEREBY RESOLVES AS FOLLOWS:

SECTION 1. The City Council hereby finds that all of the facts set forth in the Recitals of this Resolution are true and correct, and are incorporated herein.

SECTION 2. The City Council determined that the facts of this matter are as follows:

1. The subject site has a Medium Density Residential General Plan designation.

2. The intent of the new Commercial designation is to keep the land use designation of the property at 8915 Vossler Avenue consistent with the adjacent properties at 4816 and 4820 Firestone Boulevard, in which a project has been approved.

3. GPA No. 25-01 is consistent with ZC No. 25-01, which changes the zone from NL to UN.

4. The application is compatible with surrounding uses and will not adversely affect the public welfare and comply with the South Gate Municipal Code, the General Plan, and all applicable State and federal laws.

5. The project will not have an adverse effect, either individually or cumulatively, on wildlife resources or the habitat upon which wildlife depends.

SECTION 3. The City Council reviewed the project's environmental impacts under the California Environmental Quality Act (California Public Resources Code Section 21000, et seq., "CEQA") and the regulations promulgated thereunder (14 California Code of Regulations Section 15000, et seq., the "CEQA Guidelines") and finds the project to be exempt under a Class 3 Categorical Exemption pursuant to section 15303 (New Construction or Conversion of Small Structures) of the CEQA Guidelines (Title 14, Chapter 3 of the California Code of Regulations).

Further, no exceptions to the exemption apply; there is no reasonable possibility that the activity will have a significant effect on the environment due to unusual circumstances. The Project will not cause a significant effect on the environment and is, therefore, categorically exempt from the Resolution No.

March 10, 2026

AS13772.0860893 47
requirement for the preparation of environmental documents under CEQA.

SECTION 4. The City Council concurs with the Planning Commission's recommendation to replace the land use designation for the subject site from Medium Density Residential to Commercial. The City Council of the City of South Gate hereby approves GPA No. 25-01 (Attachment A) based on the following findings:

1. GPA No. 25-01 is consistent with the goals and objectives of the City's General Plan; and

2. GPA No. 25-01 complies with all applicable requirements of State law and the City's Municipal Code; and

3. The adoption of GPA No. 25-01 will not adversely affect the City's comprehensive General Plan.

SECTION 5. The City Clerk shall certify the adoption of this Resolution which shall be effective upon its adoption.

PASSED, APPROVED, and ADOPTED on this IOth day of March 2026.

CITY OF SOUTH GATE:

BY:

Joshua Barron, Mayor
ATTEST:

B7:

Yodit Glaze, City Clerk
(SEAL)
APPROVED AS TO FORM:

Rail F. Salinas, City Attorney
Resolution No.

March 10, 2026

AS13772.0860893 48
Attachment "A"
General Plan Land Use Map
Address Current Land
Use Designation
Proposed Land
Use Designation
Comment
8915 Vossler Ave. Medium Density
Residential
(9-16 du/ac)
Cornrnercial Residential units still
allowed in UN zone
Resolution No.

March 10, 2026

AS13772.0860893
bD
49 Attachment 2
Agenda Bill 03/10/26
ORDINANCE NO.

AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF

SOUTH GATE, STATE OF CALIFORNIA, ADOPTING ZONE
CHANGE N0. 25-01 AMENDING THE ZONING DESIGNATION
AT 8915 VOSSLER AVENUE FROM NL (NEIGHBORHOOD LOW)

TO UN (URBAN NEIGHBORHOOD), AND DETERMINING THE

ACTION IS EXEMPT FROM THE CALIFORNIA
ENVIRONMENT AL QUALITY ACT (PL 25-0058)
WHEREAS, on January 30, 2025, the Community Development Department received an application from Pedram Shokati of Shokati Architects ("Applicant"), on behalf of 4816 Firestone, LLC ("Property Owner"), represented by David Ghermezian, requesting approval of: a Site Plan and Design Review (PL No. 25-0058) for development of a site greater than 15,000 square feet (SF) where two or more parcels are proposed to be consolidated for development; a Conditional Use Permit (CUP No. 25-01) for a drive-through restaurant subject to South Gate Municipal Code (SGMC) Sections 11.40.220 and I 1.22.090(D); a Zone Change (ZC No. 25-01) to change the zone from Neighborhood Low (NL) to Urban Neighborhood (UN), and remove the Corridor Transition Overlay for the property at 8915 Vossler Avenue (see Attachment "A"); and a General Plan Amendment (GPA No. 25-01) to change the land use designation from Medium Density Residential to Commercial for the property at 8915 Vossler Avenue described herein ("Application"); and
WHEREAS, the Application pertains to the development of a new 1,700 SF restaurant building with a drive-through lane and a walk-up window located on the northern two lots (4816 and 4820 Firestone Boulevard), 14 parking spaces, including one Americans with Disabilities Act (ADA) space and one electric vehicle (EV) charging station, trash enclosure, signage, landscaping, and other improvements. The applicant is actively seeking a prospective tenant for the restaurant building. The overall project site is 18,274 square feet (0.42 acre) and includes Los Angeles County Assessor's Parcel Numbers (APNs) 6222-011-015, 6222-011-037, 6222-011-017, more commonly known as 4816 and 4820 Firestone Boulevard, and 8915 Vossler Avenue, South Gate, California. ZC No. 25-01 affects the property at 8915 Vossler Avenue ("Property"); and WHEREAS, pursuant to SGMC Section 11.50.050, an amendment to the zoning map and General Plan land use map must be considered by the Planning Commission before being adopted by the City Council for final review; and
WHEREAS, on January 20, 2026, the Plaru'iing Commission held a regular public hearing to receive public testimony and other evidence regarding the Application, including without limitation, information provided to the Planning Commission by City staff and public testimony; and
WHEREAS, on January 20, 2026, the Planning Commission held a regular public hearing to receive public testimony and other evidence regarding the Application, and at the conclusion of said public hearing, the Planning Commission voted, 4-0, to approve PL No. 25-0058 and CUP No. 25-01, and recommended approval to the City Council of ZC No. 25-01 and GPA No. 25-01 ; and
WHEREAS, on January 29, 2026, notice of the City Council's public hearing on ZC No.

Page l of 4
50 25-01 was published in compliance with State law in a local newspaper of general circulation, and a public notice was mailed to each property owner, occupant, and resident within a 1,000-foot radius of the project site, indicating the date and time of the public hearing in accordance with California Government Code 65091; and
WHEREAS, on February 24, 2026, the City Council held a duly noticed public hearing, opened the public hearing, and continued it to March 10, 2026; and WHEREAS, on March 10, 2026, the City Council conducted a duly noticed continued public hearing at which all interested persons were afforded the opportunity to present evidence, testimony, and statements regarding the subject application; and WHEREAS, the City Council has considered and duly received all oral and written evidence, testimony, and statements presented at the public hearing, and being fully advised and informed with respect to the application, is prepared to take action thereon.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SOUTH GATE, CALIFORNIA, HEREBY ORDAINS AS FOLLOWS:

SECTION 1. Amend Title 11, Zoning, as follows:

Change zoning designation for the lot located at 8915 Vossler Avenue (APN 6222-011- 017) from NL (Neighborhood Low) to UN (Urban Neighborhood), to allow the continued use of a commercial parking lot for an adjacent restaurant development located at 4816-4820 Firestone Boulevard (Attachment A). There will be no loss in housing opportunity as the {JN zone allows for residential development at a higher density of up to 40 dwelling units per acre.

SECTION 2. This Ordinance shall take effect and be in force on the thirtieth (30Ih) day from and after its adoption.

SECTION 3. The City Council reviewed the project's environmental impacts under the California Environmental Quality Act (California Public Resources Code Section 21000, et seq., "CEQA") and the regulations promulgated thereunder (14 California Code of Regulations Section 15000, et seq., the "CEQA Guidelines") and finds the project to be exempt under a Class 3 Categorical Exemption pursuant to section 15303 (New Construction or Conversion of Small Structures) of the CEQA Guidelines (Title 14, Chapter 3 of the California Code of Regulations).

Further, no exceptions to the exemption apply; there is no reasonable possibility that the activity will have a significant effect on the environment due to unusual circumstances. The Project will not cause a significant effect on the environment and is, therefore, categorically exempt from the requirement for the preparation of environmental documents under CEQA.

SECTION 4. The City Council concurs with the Planning Commission's recommendation to rezone the subject site from NL to {JN.

SECTION 5. The City Clerk shall certify the passage and adoption of this Ordinance and shall cause this Ordinance to be published as required by law.

Ordinance No.

March 10, 2026

AS13772.0860893
l')-
51 PASSED, APPROVED, and ADOPTED on this 'h day of 2026.

CITY OF SOUTH GATE:

By:

Joshua Barron, Mayor
ATTEST:

By:

Yodit Glaze, City Clerk
(SEAL)
AJ'PROVED AS TO FORM:

By ,,4Vi
Rail F. Salinas, City Attorney
Ordinance No.

March 10, 2026

AS13772.0860893
F3
52 Attachment "A"
Zoning Map
Address Current
Zoning
Proposed
Zoning
Comment
8915 Vossler Ave. NL UN Corridor Transition
Overlay removed
FireSt@qeBlvo ;-- -"-" ' ) Overlay removed from
'-a 8915VosslerAve.

Special %qulrsimants & Applicable Overlays
Ordinance No.

March 10, 2026

1u
AS13772.0860893 53
Attachment 3
Agenda Bill 03/10/26
RF,SOLUTION N0. 2026-01

A RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF SOUTH GATE, APPROVING A SITE PLAN AND DESIGN REVIEW (PL N0. 25-0058) AND A CONDITIONAL USE PERMIT (CUP N0. 25-01) TO ALLOW A QUICK SERVICE RESTAURANT WITH A

DRIVE-THROUGH AND OTHER IMPROVEMENTS, AND RECOMMENDING TO THE CITY COUNCII, APPROVAL OF A ZONE CHANGE (ZC N0. 25-01) AND A GENERAL PLAN AMENDMENT (GPAN0. 25-01) FORPROPERTIES LOCAT'ED AT 4816 AND 4820 \IRESTONE BOULEVARD, AND 8915 VOSSLER AVENtJE, AND FINDING THE PROJECT CATEGORICALLY EXEMPT FROM THE CALIFORNIAENWRONMENTAL QUALITY A(.T, WHEREAS, Pedram Shokati of Shokati Architects ("Applicant"), on bel'ialf of 4816 Firestone, LLC ("Property Owner"), represented by David Ghennezian, filed a complete application requesting approval of: a Site Plan andDesign Review lLNo. 25-0058) for development of a site greaterthan 15,000 square feet (SF) where two or more parcels are proposedto be consolidated for development; a Conditional Use Permit (CUP No. 25-01) for a drive-throughrestaurant subject to South Gate Municipal Code (SGMC) Sections 11.40.220 and 11.22.090(D); a Zone Change (ZC No. 25-01) to change the zone from Neighborhood Low (M,) to Urban Neighborhood (UN), and remove the Corridor Transition Overlay for the property at 8915i Vossler Avenue; and a General Plan Amendment (GPANo, 25-01) to change the land use designation from Medium Density Residential to Commercial for the property at 8915 Vossler Avenue described herein ("Application"); and "
WHEREAS, the Application pertains to the development of a new 1,700 SF restaurant building with a drive-tbrough lane aitd a walk-up window located on thenorthern two lots (4816 and 4820 Firestone Boulevard), 14 parking spaces, including one Americans withDisabilities Act (ADA) spaceandone electric vehicle (EV) charging station, trash enclosure, signage, landscaping, and other improvemerits, The applicant is actively seeking a prospective tenant for the restaurant building. The project site is 18,274 square feet (0.42 acre) and ii'icludes Los Angeles County Assessor's ParcelNumbers 6222-011-015, 6222- 011-037, 6222-011-017, more commonly known as 4816 and 4820 Firestone Boulevard, and 8915 Vossler Avenue, South Gate, California ("Property"); and
WHEREAS, pursuant to SGMC Section 11.51.060(A)(2), Design Review is required for all parcels of land 15,000 square feet or larger; pursuant to Section 11.51.080, all applications for land uses not permitted by right within a zone requires discretionary site plan review; and pursuant to Section 111.21.030, a CUP is required for a drive-through restaurant in the {JN zone; and WmEREAS, pursuant to SGMC Section 11.50.050, an amendment to the zoning map and General Plan land use map must be considered by the Planning Commission before being adopted by the City Council for final review; and
WHEREAS, Pursuant to South Gate Municipal Code Section 11.52.030, before a CUP may be granted, the Planning Commission shall make all of the fonowing findings, as applicable to Uhe property:
(a) Approval of the CUP is consistent with and will not adversely affect the intent and purpose of this title or the city's General Plan.
(b) The design and development of the land use and conditions ofthe CUP are compatible withthe existing and fuhire land uses of the applicable zone.

Planning Commission Resolution No. 2026-01
January 20, 2026
Page l of 12
15 54
(c) Approval of the CUP would not result in detriinental impacts to adjacent propeilies or to the character or function of the neighborhood.

WHEREA8, notice of the Planning Coinznission's regular public l'iearing was published in compliance with State law in a local newspaper of general circulation on December 25, 2025. In addition, a public notice was mailed at least 10 days in advance of the hearing to eachproperty owner, occupant, and resident within a 1,000-foot radius of the project site, indicatitig the date and time qf the public hearing in accordance with California Government Code 65091; and WHEREAS, on January 20, 2026, the Planning Cornrnission held a regialar putilic hearing to receive public restirnony and other evidence regarding the Application, including without Iimitati5n, information provided to thePlanning Commission by City staff and public-testimony; and 'rVHEREAS, tis Resolution and its %4inHgs @re made based upon evidence presented to the Commissionatits publichearing including, without limitation, the staffreport subrriitte4'tiythe Community Development Depfrtm6nt; and
WHEREAS, all iegal prerequisifes to the adoption of this Re'solufion have been met, NOW, THEREFORE, THE PLANNING COMMIISSION I>OES HEREBY FIND, DETER[!/IINE AND DECLARE AS FOLLOWS:

SECTION 1. All of the facts set forth in the recitals are tnxe aiid correct and are incorporated herein by refere,nce.

SEC'ITON 2. Based upon substantial evidence presejited to tis Planning Commission auring $e public hearing conductea with regard t.o the Application, including written staff repoA,, verbal'testimony, site plans, and Conditions ofApproval ("Conditions") attachedhereto as Exhibit"A,"theaP2agC'ornmission hereby specifically fuljs as follows:

A. ApprovalqftheCUPisconsistentwithandwillnotadverselyaffecttheinteotapdpurposeqjihis title or th6 city's General Plan in that ihe Coiiununtg Ijesign Eleinent- encourages the developinent of diverse and vibiant dining and eptertainiixent opfioy4s withiii designated coini'nercial areqs, whic17 enhance the local ecominy and provide a range <if serviceB for residents arid visitors.

Specifically,,Objective Cl) 2.3, PolicyP,4specifies that "tl;ie Chy shoxdd encourage and promote -retailandservice-orienteduses thatprovide opporttinities to bringcoinwiniymeiixbers together.

Such uses itxdu4e cafts, re8agirants., fariners inai4cets, and theaters," The addition of a (trive- through will eidxairce customer experience aild is expected to increase sales. Thxts, the approval of tliis CUP is consistent wit's the goals of the Chy's General Plan.

B, The design and development of the land use and conditions of the CUP are compatible with the existing and future land uses of the applicable zone in the PropeWy is located along Firestone Boulevard, a major tlior6iighfare in tl'ie Ci@, and a drive throxigh restagirant is coinpatible with existing and fiiture land uses along Firestone Boulevard. The developinent will be coinpatible with tlie goals andpolicies of the GeneralPlan by encoxiragingpedestrian and vehicular activity that is coiiipatible svitli the sxirrounding land uses, which include coiiuttercial and retail establishineyds witliiyi the designated zoixe.

Planning Commission Resolution No. 2026-01
January 20, 2026

I(o
55 The drive-through restaurant will not introduce a nesv iitcoinpatible land use or developinent impacts, as the area is already developed with existiitg drive-througit restaurants, T1;ie coiiditions of the CUP will ensure that the drisie-tliroitgli restaurant is appropriately iimnaged and will presersie cornpatibiliffl svith existing uses and fitture developinent consistent with the zoning district's objectives, Tlierefore, tlie project coinplies with tlie intent of tlie zoning regxilations and the fttture land use goals of tlie area,
C. Approval of tbe CUP would not result in detriiriental iinpacts to adjacent properties or to the character or fiuxction of the neighborhood in that the drive-tliough lane will ttccoininodate up to nine veMcles onsite behind a tenth vehicle at tlie drive-throxigli window. Tlie use will riot introduce an incompatible activhy tliat wouldnegatively affect adjacentpPoperties or tlie overall character of the iseighborhood. The restaxirant's operations are coinpatible witli surrounding land uses, and the requested drive-through is cmssistent with the goals and policies of the GeneralPlaii.

Wit1i recozniiiended conditions of approval, the drive-through restaxirant will be comrolled to sninimi7e any adverse iinpacts, and tl'ie overall fimction of the neighborhood-characterized by retail, commercial, and comnumiffl-seiying bxisiitesses-will reinain intact. Therefore, tlie approval of this CUP will not disnqyt the established character of t1ie area or adversely affect iteighboring properties.

SECTION 3. The Planning Comnnission reviewed the project's environn'iental impacts under the California Environmental Quality Act (California Public Resources Code Section 21000, et seq., "CEQA") and the regulations promulgated thereunder (14 California Code of Re.gulations Section 15000, et seq., the "CEQA Guidelines") and finds the project to be exempt under a Class 3 Categoiical Exemption pursuant to sectionl5303 (New Constntction or Conversion of Small Struchu'es) of the CEQA Guidelines (Title 14, Chapter 3 of the California Code of Regulations). Further, no exceptions to the exemption apply; there is no reasonable possibility that the activity will have a significant effect on the environment due to unusual circumstances. The Project will not cause a significant effect on tlie environment and is, therefore, categorically exempt from the requirement for the preparation of environmental documents under CEQA.

SECTION 4. The Planning Con'unission hereby approves PL No. 25-0058 and CUP No. 25-01, and recoends approval to the City Council of ZC No. 25-01 and GPA No. 25-01, subject to the executiori and fulfillnnent of Conditions of Approval set forth in Exhibit "A" attached to this Resolution.

Jo F. Signo,
P a Manager
Community Development Department
APPROVED:

Chairperson
City Planning Commission
Planning Cotni'nission Resolution No. 2026-01
January 20, 2026

1"7
56 ST ATE OF CALIFORNIA

COUNTY OF LOS ANGELES
CIT\ OF SOUTH GATE
I, John F. Signo, AICP, Planning Manager of the City of South Gate, Califoriua, hereby certify that the whole number of Members of the Planning Commission of said City is five; that Resolution No. 2026-01 was adopted by the Planning Commission at its RegularMeetinghela ein January 20, 2026, by the following vote:

AYES: Castaneda, Valenzuela, Prieto, Ruiz
NOES:

AJ'PROVED and ADOPTED this 201h day of January 2026.

Jo F. Signo,
Mmagej
Community Development Departmeint
Planning Commission Resolution No. 2026-01
January 20, 2026

57 Exhibit "A" - Resolution No. 2026-01
CONDITIONS OF APPROVAL (PL No. 25-0058 and CUP No. 25-01) Violation of, or noncompliance with, any of these conditions shall constitute grounds for revocation of tis permit:

Planning Diviston

1. The permittee shall agree to defend, indemnify and hold hannless the City of South Gate, its agents, officers, and employees from and claim, action, or proceeding against the City of So'uth Gate or its agents, officers or employees to attach, set aside, void or annul, an approval of the City of Soutli date, its legislative body, advisory agencies, or adn'strative officers concen'iing the issuance of the pennit to wl'ffch these conditions are attached. TM City of Soutli Gate will promptiy notify the permittee of any such claim, action, or proceeding against the City of South Gate and the permittee will either undertake the defense of the matter and pay the City's associated legal or other consultffint costs or will advance funds to pay for the defense of the matter by the City Attorney. If the City of South Gate fails to promptly notify the permittee of any such clain'i, action, or proceeding or fails to cooperate fully in thedefense,tliepermittee shallnot,thereafter, beresponsiblefordefending, indemnifyofholdharn'less the City of Soutl'i Gate. Notwithstanditrg the foregoing, the City retains the right to settle or abar!don the matter withoutthepennittee's conserit, but shorildit do so, the City shall waive the ihdemnificaItion herein, except the City's decision to settle or abandon amatter following anadverse judgment or failure to appeal, shall not cause a waiver of the indemnification rights herein.

I

2. The proposed project shall comply with all Federal, State, County, and Local laws and 6rdinances that may apply to this permit, stated herein or not.

I

3. Theproposeduseshallbeconducted,andthepropertybemaintainedinaclean,neat,quiet,andorderly manner at all times pursuant to South Gate Municipal Code Section 5.08,020(A).

4. The approval Of this permit, and the pennit itself, shall expire if the entitlement is not exercised within one (l) year from the date of approval by the Planning Cornrnission, unless an extension has been granted by the Planning Commission.

5. The permittee shall obtain the approvals, clearances, permits, and/or licenses required from City departments andoutside agencies (i.e. Corinty of Los Angeles PublicHealthDepartment, and California Department of Alcoholic Beverage Control) prior to the expiration of this entitlement. '

6. Permittee shall obtain its City of South Gate Business License prior to coencing business operations.

7. Violation of, or noncompliance with, any of these conditions shall constitute grounds for revocation of this permit.

8. The applicant shall submit a sign plan for all proposed signage in compliance with applicable Zoning Code regulations. The sign plan shall be reviewed and approved by the Platuig Commission prior to issuance of a building permit and installation of any signs.

9. Pertnittee shall agree to maintain (and/or cause its landlord to maintain, if the permittee is a tenant) tl'ie property and all related on-site improvements and landscaping thereon, including without limitation, Planning Conssion Resolution No. 2026-01
January 20, 2026

58 l+uildings, parking areas, ligliting, signs, and walls in a first class coxidition and repair, free of rubbish, debris and other hazards to persons using the same, and in accordance with all applicable laws, rules, ordinances and regulations of all Federal, State, County and local bodies aiid agencies having jurisdiction, at petmittee's sole cost and expense. Such maintenance andrepair shalJ include, but not be lin'iited to the following: (i) power washing, sweeping and the removal of trash and debris as soon as possible but at least within 24 liours; (ii) the care of all sbbei'y, plantings and other landscaping in a healthy condition andreplacement ofdiseased or deadplantmateiial withnew materi@I at an age similar to the material beiitg replaced; (iii) n'iaintenance of all irrigation systems in prope'rly opcr;iting condition; (iv) the removal of graffiti within 24 hours; and (v) the rep*, replacement and restriping,of asphalt or coiicrete paving using the same :e of material originally installed, to,the end that such pading at all tigies be kept in a level and smooth condition. This condition shall apply to the adiacent sidewalks, landscape plariters, alley and parking lot behind the subject propetly.

10. P1antmaterialsandirrigationdesignshallcomply%vithtkeMo4elWaterEfficientLandscapeOrdinance (MWELO) teferenced ix SGMC.'Chapter 6.64 ffid Section 14.06.'08.020. Trees shall be a,um Qf 24" box. The: landscape :plan shall 6c subject to the review and approval ofthe Public Works Director pursuani 3o SGMC Seetion 5.33.040.%a).

11. If the application for tbis permit, or any conditions o'fthe pe,rmit, violate the, Zoning Code or do not fulfflthe intent of'the Code, the Planning Commission shall, following a public hearing, be authorized to takethe following actions:
a. Revokethepermit,revokeandr'eissuethepermitwithnewormodifiedconditions,ormodifythe conditions of the existing pertnit as-may be appropriate mderthe qircurnstances. b. Impose, as a condition of the continuation, reinstatement, or reissuance of the pemiit, a requirement that the pennittee reimbursethe City for all costs and e5cpenses reasonably incurred in investigating, identifying, and docenting the violation, and in processing information concerning the violafion for presentation t,o the Plag Commission, and, upon any appeal, to the City Council.
c. This permit shall berevocable if the exer6ises of rights granted by the perinit pie discontinued foj6 cpnsecutive mgnths. The use subject to tbe permit may not be resumed if the perniit is revoked; a new perniit, including processing arid p4blicnotification, shall be required.

12. Design, colors, and materials of the building shall be in substantial conformance withthe plans on file at the Community Development Department. The Cornrnunity Development Department shall review the floor plan, which may irrclude indoor seating for patrons. Major modifications to the building footpmt, as determined by the Director, shall be subiect to review and approval by the Planning Comrnission.*

13. The trash enclosure shall be roofed and screened with doors as shown on the site plan, and shall be painted to match the building.

14. The Community Development Director is authorized to make minor modifications to the approved preliminary plans or any of the conditions if such modification@ acieve substantially the sameresults, as with strict compliance witli said plans and conditions.

15. The Site Plan submitted to the City in connection with the City's Design Review process specifies a number and/or configtyation of parking spaces that are inadequate under the City's current Zoning Planning Cornrnission Resolution No. 2026-01
January 20, 2026
pBg5 6 0[ 12 *Added by the Planning Comniission
at the January 20, 2026, meeting.
,,2.0
59 Code. The City aclatowledges that Assembly Bill (AB) 2097 allows for a reduced number of parking spaces. Pei'inittee has applied for a Zone Change and General Plan Amendment which, if approved by the Soritli Gate City Corincil, would cause the Site Plan to comply with the City's General Plai'i and Zoning Code. If tlte City Council fails to approve tl'iat Zone Change ai'itl General Plan Ainendment, the Pei"i'r'iittee sliall revise the Site Plari and its redevelopn"ient plaxi for the site to be in confoi'mance witli the Zoning Code, or fu'id another solution satisfactory to the Conununity Developn'ient Director. In tl'iat event, the Director has the discretion to determine if further action by the Planning Cossion is warranted.

16. Prior to the issuance of a building pem'iit, a deed restriction shall be recorded against the southern lot (APN 6222-011-017), in a fonn acceptable to the City, prohibiting the separate conveyarice, sale, or transfer of the lot independent of the restaurant lots (APN 6222-011-015 and 6222-011-037). The southern lot and the restaurant lot shall remain under common ownership inperpetuity,

17. A twelve-inch-wide curb shall be provided on the south side of the trash enclosure to allow space for passengers to exit a vel'iicle parked in the adjacent space.

18. The pernuttee shall agree in writing to all conditions contained herein.

Building & Safety

19. Applicant sliall comply witli all Ainericat's with Disabilities Act (ADA) accessibility requirements,

20. Applicant shall provide and maintain ADA parking stall with path of travel clearly identified at all times.

21. Applicant shall obtain Fire Department approval,

22. Applicant must provide geotecbnical and soils report.

23. Applicant must obtain Health Department approval.

24. All exterior con'imon areas shall be properly illutninated.

25. Applicant sliall obtain building permits for any new signage.

Code Enforcement

26. Obtain all required permits for signage, including temporary banners and window signs exceeding the 25% coverage limit. A-frame signs located within a parking lot area or sidewalk are not permitted.

27. Maintain all areas in a clean condition, free of litter, trash, and debris at all times. 28, Ensure that all garbage containers are kept inside designated trash enclosures and that these areas are maintained in a clean and orderly manner,
Police Department

29. The site shall be adequately secured. Management shall be properly trained in reviewing and retrieving security can'iera video if installed.

Planning Commission Resolution No. 2026-01
January 20, 2026

,,2,1
60 30. If a burglary alarm systent is ii'istalled, it n'iust be registered with the City and emergency contact information kept up to date.

Public Works
Prior to the issuance of Building and Public Works permit, the applicant shall abide by the following General Conditions of Approval:

General Design Parameters

31. A11publicworksiinprovementgshallbeconstructedinaccordancewiththelatesteditionoftbeAPWA Standard Specifications for Public Works Construction ("Green Book"), latest edition and to the satisfaction of the City Engineer prior to the issuance of a Certificate of Use and Occupancy.

32. Prepare street iinprovements, grading, drainage, and utility plans showing an existing and proposed public works improvements and dry and wiet utilities as outlined below. Said plans shall be prepared by a registered Civil Engineer on City approved title blocks.

33. All the drainage design cri-teria shall be per the Los Angeles Flood Control Dist6ct and the APWA Standid Plans for %blic Works Construction latest edition.

34. All thei grading plans shall be desigfied to tl'ie requirements of the City of South Gate Deparhnent of Building and Safety. i

35. Required studies for the development shall be prepared by the deveIoper and submitted to the City for review and approval. i

36. Comply-with the requirements of tlie American Disability Act (ADA compliance) in rcgard to access ramps, sidewalks, driveway and any public access patliways.

Fees and Deposits

37. Developer shall deposit $5,000 with the City to cover the City's cost for review of predevelopment subrnittals such as preliminary plans, ii'icluding traffic, civil, planning and environmental consultants, etc.

I

38. Provide an engineer's estimate for all public works improvements and pay all plan-check fees in accordance with the latest fee schedule prior to plan review.

39. The developer shall pay Road Mitigation fees in accordance with the latest fee schedule. Retail Development fee is calculated at $10/sq. ft. of new gross buiLding area, unless otherwise exempt from the Road Mitigation Ordinatice or waived by the City Council.

40. The developer shall pay Industrial Waste and Low Impact Development g,ID) Plan Check fees. Review is completed by City's Environmental Consultant, John Hunter & Associates

41. Pay pennit and iiispection fees associated with this project in accordance with the latest Public In'iprovement Plan Check fee schedule at the tiine of permit issuance and inspection.

Planning Commission Resolution No. 2026-01
Januaty 20, 2026

61 42. Coordinate all Public Works improvements inspection witl'i tlie Public 'vVorks Department at least 48 hours prior to comtnencing work. Contact Louis Quezada at (323) 563-5814 to arrange for a Public Works Inspection.

43. Developer's contractors, subcontractors, and consultants working on this project must obtain and pay City Business License and pennit fees.

44. Prior to the City's acceptance of the public improvements, developer shall submit a refundable deposit i n tlxe amount of $3,000, wl'ffch will be refunded upon receipt of "Record Drawings" for all the required ii nprovements on approved Mylar(s) AutoCAD files on a flash drive.

45. Comply with the City's Community Developnient Ordiiiance peitaiiffig to construction debris recycling. Contact the Building & Safety Depaitment to obtain a Construction & Demolition Debris Waste Reduction Recycling Plan forms.

46. Developer to contact the City's Waste Hauling Company (Universal Waste Systems Inc.) at (888) 728- 0027 and obtain approval for the location of waste disposal container(s), including facilities for recycling.

47. Developer must comply with all applical+le South Coast Air Quality Management District (AQMD) regulations, if applicable.

Street h'nproven'ients

48. Remove and reconstruct the damaged and riplifted sidewalk pai'iels that are on either si4e of tlie tree located on Vossler Ave, between Firestone Borilevard and the alleysvay, per ADA standards.

49. AllexistingdtivewaystbatarebeingreplacedwithnewdrivewaysonFirestoneBoulevardwillrequire new curb and gutter and full-width sidewalk to match existing.

50. Construct new driveways at least 5 feet away from any above-ground obstructions in the public right- of-way to the top of the driveway. Otherwise, the obstruction shall be relocated at the developer's expense. Ensure that each driveway provides proper pedestrian access across, in compliance with the Axnericans with Disabilities Act (ADA). The final layout and site driveway design shall be subject to the review and approval of the City Engineer.

51. Proposed new driveways will meet the classification of coinmercial driveways (Minimum width required is 26 feet).

52. The developer shall relocate and reinstall existing streetlights that are impacted by the proposed improvements, as needed.

53. Construct new tree wells per City standards and plant new 48-inch boxed street trees on Firestone BoulevardandVosslerAvenue. Installcastirontreegratesontreewells. Thespeciesofanynewstreet trees shall be in accordance with the Cityvvide Tree Master Plan. All tree wells shall be irrigated with dedicated irrigation line.

Planning Commission Resolution No. 2026-01
Januaiy 20, 2026

,23
62 54. Proposed landscape shall be designed to incorporate water conservation techiiiques throrigh application of xei-iscape landscaping principles. Landscape plans to iiiclude low-water demanding plants witli limited turf, efficient irrigation system and use of California native lilants.

55. Any damages done to exisling public improvements duiing construction shall be removed and replaced to origitial condition with the satisfaction of the City En,oineer.

56. Any cross-flow draiiiage from the property over the sidewalks is not pemiitted. Constnict parkway drains as jequired.

57. Where utility cuts on concrete are proposed, the entire concrete panel shall be removex!4 and reconstructed.

58. Centerline ties, property corners arid benclunark monuments sball be preserved in the public right of way. In the event that ties, property corners and benclunark'monuments are 'disturbed pr removed, a licensed surveyor shallre-establish, andfilerequiredcornerrecord s'iuyeywirhtheLos Angeles County Surveyors office. All recorded copies of the aocurn6nts shall be submitted to the City along with the final set of as-built plans.

59. All pedestriantravel paths shall comply with ADA requireinents in accordance with State and Federal requirements.

60. Paint prgperty address on the curb, in front of the proposed development, to the City and Fire Departments satisfaction.

Gradin( and Drainage

61. ComplywithallFederal,State,andlocalagencyrequirementspertainingtoiheCleaBWaterAct,which establishes re:latiom, set forth in the National PollutanE Discharge Elimination System (NPDES) Permit.

2.Comply a ' a Provide and obtain approval ofa site- specific Erosion Control Plan. Implement an NPDES requirements and Best Management Practices during and after construction

63. Submit a Grading and Drainage plans prepared by a Re4;.istered Civil Engiiieer to the satisfactipn of the Public Works Department and Building Division. Show all existing and proposed driveways, curb & gutter, sidewalks, street trees, tree wells, streetlights, street signs, power poles, me hydrants, utility boxes, meters, curb drains, aetc. on the plans.

64. Subinit an Low Impact Development (LID) Plan, reports and calculations required to address storm water discharge and NPDES requirements by City's Environmental Consultant, John Hunter and Associates.

65. All on-site parking and circulation areas shall be paved as reqriired by a pavement engineering or geotechnical report prepared by a Registered Civil Engineer, subject to the review and approval of the Public Works and Community Development Departments.

Planning Cornrnission Resolution No. 2026-01
January 20, 2026

:21J
63 66. Grading plan will include geotechnical and geologist ceitification, stating that grading plan lias been reviewed and found to be in confonnance witl'itl'ie recominendations outlinedintl'ie soils and geological report.

67. Historical or existing stot'm water flow from adjacent lots nuist be received and directed by gravity to the street, a public drainage facility, or an approved drainage easement.

68. Tbe developer is responsible for compliance with Fugitive Dust Regulations issued by the Air Quality Management District (AQMD). Dust control operations shall be perfqrmed by the developer at the time, location and in the amount required and as often as necessary to prevent the excavation or fill work, demolition operation, or other activities from producing dust in amounts harinful to people or causing a nuisance to persons living i'iearby or occupying buildings in the vicinity of the work, Sanitary Sewer System

69. The developer shall submit an Industrial Waste P-lan and calculations for review and approval. Secure required permits for the discharge, pretreatment, and handling process associated with the f@@d- handling facility.

Potable Water System

70. All proposed improvements shall be served by adequately sized to accominodate the total domestic, landscape and fire flows. Developer shall conduct a Water System Capacity Study and provide a copy of the report to the City for review and approval. Developer to pay for all costs incurred for tbe review of the capacity study. If higher water consumption needs are determined, then the developer will be responsible for the design and upgrade the public potable water system to meet the new demands.

71. Coordinate with the City's Water Division regarding removal of existiiig water meter that will not be used by the development.

72. Existing water meter needs to be relocated or abandoned. Water meters are not.allowed along driveways. The abandonment of water lateral shall be made at the water main.

73. DevelopershallpayWaterDevelopmentImpactFeesperthelatestCityFeeSchedule. Feeisdependent on water meter sizes. Development Water Impact fees are paid at the time of obtaining the building pemift.

74. Relocation of any public water lines shall be subject to approval by the City Engirieer. Pavement moratorium applies.

Traffic
75, The developer shall prepare a Traffic Memo signed and stamped by a registered Traffic/Civil Engineer addressing potential safety iSSuesi trip generation, queuing analysis, line of sight, and internal circulation.

76. Inten'zal circulation, particularly where there are deliveries or trash pick-ups should be shown accommodating the velucles that will serve the development.

Platu"ffng Comnussion Resolution No. 2026-01
Januaiy 20, 2026
Pagell ofl2
64 77. Clear unobsttucted sight distance lines sliall meet AASHTO guidelines and sl'iall be shown on tl'ie improvement plans at driveways.

78. Upon completion of constructio+i, tlie developer shall remove temporary construction n'iarkiiigs (USA marking),
Utilities

79. Developerisresponsibleforresearclionprivateutilitylines(Gas,Edison,Telephone,Cable,Ii'rigation, etc.) to ensure tliee are no conflicts with the site.

80. Allexistingon-siteutilitylinesandexistingutilitylinesservingthepjoposeddevelopnient,thatconffict withthe project, shal2 berelocated, ren'ioved, or abandoned at the developer's expenseto the satisfaction of the City Engineer. Pavement moratoriun'i applies.

81. All onsite overhead utility servicing the deyelopment shall The placed underground. Any significant proposed utility rindergroiu'id vaults or meter shall be located away from the propqsed a6veways.

82. All proposed on-site sewer, water, and drainage facilities shall be private system(g) inaintAined by the property owner.

Use and Occupancy

83. OompletePublicWorksimprovementspriortoissuanceofcertificateofoccupancy, Shouldanypublic improvements not completedpriorto issuance of certificate ofoccupancythe aeveloper shall enterinto a deveIopment agreement and postthenecessary securities in iheamount approvedby tj'ie City-Engineer and in a form approved by the City Attorney. All public improvements shall be con'ipleted at the developer's cost.

84. Prior to the issuance of a release of Use and Occupancy, all the above conditions shall be complied with and all the improvements are in place.

Planimtg Commission Resolution No. 2026-01
January 20, 2026

65 Attachment 4
Agenda Bill 03/10/26
4816 Firestone Boulevard Fast Food Restaurant with Drive Through Project
4816, 4820 Firestone Boulevard and 8915 Vossler Avenue, South Gate CA 90280 (APNs 6222-011-O'l5, 6222-011-017, and 6222-011-037)

FINDINGS SUPPORTING A CATEGORICAL EXEMPTION
C+tyof
South
(,ate-
LEAD AGENCY:

City of South Gate
Community Development Department
8650 California Avenue
South Gate, CA 90280
Contact: Rodrigo Pelayo [email protected]
APPLICANT:
48'l6 Firestone, LLC
PREPARED BY:

EcoTierra Consulting, Inc.
633 W. 5'h Street, 26'h Floor
Los Angeles, CA 90071
November 2025
)'7
66 TABLE OF CONTENTS
I. INTRODUCTION.

II. PROJECT DESCRIPTION.

Ill. CATEGORICAL EXEMPTION ANALYSIS.
4816 Firestone Boulevard Project
Page i
. l-1
. II-1
. III-1
Table of Contents
67 1. INTRODUCTION

1. INTRODUCTION
The subject of this document is the proposed fast food restaurant with drive through (the "Project") at 4816 and 4820 Firestone Boulevard and 8915 Vossler Avenue (the "Project Site") in the City of South Gate (the "City"), California. The Project is described in further detail in Section 11, Project Description. The City of South Gate Community Development Department is the Lead Agency under the California Environmental Quality Act ("CEQA").

2. PROJECT INFORMATION
Project Title: 4816 Firestone Boulevard Fast Food Restaurant with Drive Through Project
ProjectApplicant: 4816Firestone,LLC
ProjectLocation: 4816,4820FirestoneBoulevardand8915VosslerAvenue South Gate CA 90280
APNs 6222-011-015, 6222-C)11-017, and 6222-011-037
Lead Agency: City of South Gate, Community Development Department 8650 California Avenue
South Gate, CA 90280
Contact: Rodrigo Pelayo [email protected]
4816 Firestone Boulevard Project 1. Introduction
Page I-1
68 II. PROJECT DESCRIPTION

1. PROJECT SUMMARY
The Project includes demolition of the existing vacant commercial building and construction of an approximately 1700-square foot fast-food restaurant with drive-through and walk-up service. The requested entitlements include a Zone Change and General Plan Amendment for the parcel at 8915 Vossler Avenue (APN 6222-011-015) from Neighborhood Low (NL) to Urban Neighborhood (UN), and removing the Corridor Transition O'verlay, and from Medium Density Residential (9-16 du/ac) to Commercial for the General Plan land use designation. A Conditional Use Permit (CUP) is needed for a drive-through in the UN zone.

2. ENVIRONMENTAL SETTING
a) Project Location
The Project Site is located at 4816 and 4820 Firestone Boulevard and 8915 Vossler Avenue in the City of South Gate, California 90280 and consists of assessor parcel numbers (APNs) 6222- 011-015, -017, and -37.

The Project Site is generally bounded by Firestone Boulevard to the north, Vossler Avenue to the east, residences to the south, and commercial and residential uses to the west. Regional access to the Project Site is available from Interstate 710 ("1-710"), approximately O.69 mile to the east. b) Existing Conditions
The approximately 18,274-square-foot site is developed with a vacant one-story commercial building comprising approximately 3,680 square feet, which would be demolished under the Project. The Project Site is zoned UN and NL and the southern portion (8915 Vossler Avenue) is within the Corridor Transition Overlay.
c) Surrounding Land Uses
The Project Site is located within an urtyanized setting in the City of South Gate. The uses surrounding the Project Site include a mix of commercial uses along Firestone Boulevard and residential uses to the south along Vossler Avenue.
d) Project Overview
The Project includes demolition of the existing vacant commercial building and construction of an approximately 1,700-square-foot fast-food restaurant with drive-through and walk-up service. The Project would be accessed through one driveway from Firestone Boulevard, and two one-way 4816 Firestone Boulevard Project Project Description Page II-1
'27)
69 City of South Gate November 2025
driveways from the existing alleyway bisecting the site. The alleyway would provide vehicular access to the U-shaped drive through lane to the north and to a parking area to the south of the alleyway.

The requested entitlements include a Zone Change Zone Change and General Plan Amendment for the parcel at 8915 Vossler Avenue (APN 6222-011-015) from Neighborhood Low (NL) to Urban Neighborhood (UN), and removing the Corridor Transition Overlay, and from Medium Density Residential (9-16 du/ac) to Commercial for the General Plan land use designation. A Conditional Use Permit (CUP) is needed for a drive-through in the UN zone.

The Project is proposed to be constructed over an approximately nine-month period. Construction phases will include demolition and site preparation, building construction, and finishing.

3. REQUESTED PERMITS AND APPROVALS
The list below includes the anticipated requests for approval of the Project. The entitlements, reviews, permits, and approvals required to implement the Project include, but are not necessarily limited to, the following:
(1 ) Zone Change from NL to UN and removal of the Corridor Transition Overlay for the parcel at 8915 Vossler Avenue (APN 6222-011-01 5);
(2) General Plan Amendment for the parcel at 8915 Vossler Avenue (APN 6222-011-015) from Medium Density Residential (9-16 du/ac) to Commercial;
(3) Conditional Use Permit (CUP) to allow a drive-through in the UN zone; and (4) Other discretionary and ministerial permits and approvals that may be deemed necessary, including, but not limited to, temporary street closure permits, demolition permits, grading permits, excavation/shoring permits, building permits, and sign permits in order to execute and implement the Project.

4. ENVIRONMENTAL REVIEW
As demonstrated in the following Section Ill, Categorical Exemption Analysis, this Project has been determined to qualify under Class 3, New Construction or Conversion of Small Structures, which is a categorical exemption under CEQA.
4816 Firestone Boulevard Project 11. Project Description

'2./
70 Ill. CATEGORICAL EXEMPTION ANALYSIS

1. EXEMPTION
The Project qualifies for a Class 3 - New Construction or Conversion of Small Structures Categorical Exemption under the California Environmental Quality Act ("CEQA") (Pub!ic Resources Code, Sections 21000-21189.57) as set forth in Section 15303 of the State CEQA Guidelines (California Code of Regulations, Title 14, Chapter 3, Sections 1500015387).

2. EXEMPTION RATIONALE
Article 19, Categorical Exemptions, or the State CEQA Guidelines (Sections 15300-15333) lists classes of projects which have been determined not to have a significant effect on the environment and which are exempt from the provisions of CEQA as required by Section 2al084 of the Public Resources Code. This section provides an analysis demonstrating that the Project meets the conditions for a Class 3 Categorical Exemption and that none ofthe possible exceptions to a Categorical Exemption listed in Section 15300.2 of the State CEQA Guidelines is applicable to this Project. The specific language of the Class 3 Categorical Exemption and each possible exception is shown in italics below under their respective headings, which are followed by the Project analysis for each condition and exception.

3. PROJECT ANALYSIS OF CONDITIONS CONSISTENCY
a) Conditions of the Class 3 Categorical Exemption [State CEQA Guidelines Sectionl 15303. New Construction or Conversion of Small Structures Class 3 consists of construction and location of limited numbers of new, small facilities or structures; installation of small new equipment and facilities in small structures; and the conversion of existing small structures from one use to another where only minor modifications are made in the exterior of the structure. The numbers of structures described in this section are the maximum allowable on any legal parcel. Examples of this exemption include, but are not limited to:
(a) One single-family residence, or a second dwelling unit in a residential zone. In urbanized areas, up to three single-family residences may be constructed or converted under this exemption.
(b) A dupjex or similar multi-family residential structure, totaling no more than four dwelling units.

In urbanized areas, this exemption applies to apartments, duplexes and similar structures designed for not more than six dwelling units.
4816 Firestone Boulevard Project Ill. Categorical Exemption Analysis Page Ill-1
71 City of South Gate November 2025
(c) A store, motel, office, restaurant orsimilarstructure not involving the use of significant amounts of hazardous substances, and not exceeding 2500 square feet in floor area. In urbanized areas, the exemption also applies to up to foursuch commercial buildings not exceeding 40,000 square feet in floor area on sites zoned for such use if not involving the use of significant amounts of hazardous substances where a// necessary public services and facilities are available and the surrounding area is not environmentally sensitive.
(d) Water main, sewage, electrical, gas, and other utility extensions, including street improvements, of reasonable length to serve such construction. (e) Accessory (appurtenant) structures including garages, carports, patios, swimming pools, and fences.
(f) An accessory steam sterilization unit for the treatment of medical waste at a facility occupied by a medical waste generator, provided that the unit is installed and operated in accordance with the Medical Waste Management Act (Section 117600, et seq., of the Health and Safety Code) and accepts no offsite waste.

Discussion: As discussed in the Project Description above, the Project consists of the construction of an approximately 1,700-square foot fast-food restaurant with drive-through and walk-up service.

As quoted above, the CEQA Guidelines for a Class 3 Categorical Exemption includes the example of a restaurant not exceeding 2,500 square feet of floor area, or 10,000 square feet of floor area in urbanized areas. The Project would construct a restaurant smaller than both sizes referenced in the Class 3 examples, within an urbanized area. Therefore, given the size of the proposed restaurant, the Project fits within the definition of a small structure.

The Project Site is also within an urbanized area, and the Project would not require the use of significant amounts of hazardous substances. The Project Site is within an area where all public services and facilities are available.

With respect to environmentally sensitive areas, the Project Site is not within a designated or proposed Significant Ecological Area.' Furthermore, the Project Site is located within an urbanized and developed area, and the site is entirely developed and paved; the Project would not disturb any previously undisturbed or natural areas.

These findings demonstrate that the Project consists of the construction and location of limited numbers of new, small facilities or structures. The Project, therefore, meets the requirements of a Class 3 Categorical Exemption pursuant to CEQA Guidelines Section 15303.

I LosAngelesCountyDepartmentofRegionalPlanning, Planning&Zoninglnformation, GIS-NETPublic online database, website:
https://rpgis.isd.lacounty.gov/Html5Viewer/index.html?viewer=GISNETPublic.GIS-NE T Public, accessed October 2025.
4816 Firestone Boulevard Project Ill Categorical Exemption Analysis

72 City of South Gate November 2025

4. PROJECT ANALYSIS OF EXCEPTIONS
a) Exceptions to a Categorical Exemption
[State CEQA Guidelines Sectionl 15300.2. Exceptions
(El) Location. Classes 3, 4, 5, 6, and 1l are qualified by consideration of where the project is to be located- a project thatis ordinarilyinsignificantin its impact on the environment may in a particularly sensitive environment be significant. Therefore, these classes are considered to apply all instances, except where the project may impact on an environmental resource of hazardous or critical concern where designated, precisely mapped, and officially adopted pursuant to law by federal, state, or local agencies. (b) Cumulative Impact. All exemptions for these classes are inapplicable when the cumulative impact of successive projects of the same type in the same place, over time is significant.
(c) Significant Effect. A categorical exemption shall not be used for an activity where there is a reasonable possibility that the activity will have a significant effect on the environment due to unusual circumstances.
(d) Scenic Highways. A categorical exemption shall not be used for a project which may result in damage to scenic resources, incfuding but not Limited to, trees, historic buildings, rock outcroppings, orsimilarresources, within a highwayofficiallydesignated as a state scenic highway. This does not apply to improvements which are required as mitigation by an adopted negative declaration or certified EIR. (e) HazardousWasteSites.Acategoricalexemptionshallnotbeusedforaprojectlocated on a site which is induded on any list compiled pursuant to Section 65962.5 of the Government Code.
(f) Historical Resources. A categorical exemption shall not be used for a project which may cause a substantial adverse change in the significance of a historical resource.

Exception (a): Location. Classes 3, 4, 51 6, and 1l are qualified by consideration of where the proiect is to be located - a proiect that is ordinarily insiqnificant in its impact on the environment may in a particularly sensitive environment be siqnificant. Therefore, these c/asses are considered to apply a// instances, except where the proiect may impact on an environmental resource of hazardous or critical concern where desiqnated, precisely mapped, and officially adopted pursuant to /aw by federal, state, or /oca/ a,qencies.

Discussion: According to the South Gate General Plan 2035, the City is entirely urbanized and has a diverse mix of land uses. The City primarily contains open space for outdoor recreation, provided by its City park and multiuse trail system and the nearby rivers, the Los Angeles River and the Rio Hondo Channel. There is also a small amount of open space for public health and 48al6 Firestone Boulevard Project Ill. Categorical Exemption Analysis

73 City of South Gate November 2025
safety, such as flood zones or buffers from highways.2 The Project Site and surrounding area are not within or near a designated Significant Ecological Area.a The flat Project Site is currently entirely paved and developed with one building, previously used as a restaurant, driveways, and parking areas. As the Project Site is completely developed with structures and hardscaping within a heavily urbanized area of the City, the Project Site does not contain any habitat capable of sustaining any species identified as endangered, rare, or threatened. No such species or habitats are known to occur at the Project Site per local or regional plans by the California Department of Fish and Wildlife or u.s. Fish and Wildlife Service.

Additionally, there are no known locally designated natural communities at the Project Site or in the immediate vicinity, nor is the Project Site located near undeveloped natural/undisturbed open space or a natural water source that may otherwise serve as habitat for state- or federally-listed species. Furthermore, the Project Site and its vicinity are not part of any draft or adopted Habitat Conservation Plan, Natural Community Conservation Plan, or other approved local, regional, or state habitat conservation plan."
Therefore, Categorical Exemption Exception (a) is not applicable to the Project.

Exception (b): Cumulative Impact. A// exemptions for theseqasses are inapplicable when the cumulative impact of successive proiects of the3pme type in the same place, over time is siqnificant.

Discussion: Cumulative impacts are two or more individual effects which, when considered together, are considerable or which compound or increase other environmental impacts (State CEQA Guidelines Section 15355). Cumulative impacts may be analyzed by considering a list of past, present, and probable future projects producing related or cumulative impacts (State CEQA Guidelines Section 15l30[bl[l][A]).

The Project involves redevelopment of a developed site by replacing an approximately 3,680 square-foot commercial building previously used as a restaurant with a new 1,700 square-foot building to be used as a Fast food restaurant with drive through. There are no known or otherwise identifiable successive projects of the same type in the same place, over time, as the Project. In addition, any additional projects in the vicinity of the Project would be required to undergo Further environmental reviews. Therefore, this exception would not apply to the Project. 2 South Gate General Plan 2035, Green City Element, December 2009. 3 Los Angeles County Department of Regionaj Planning, Planning & Zoning Information, GIS-NET online database, website:
https://rpgis.isd.lacounty.gov/Html5Viewer/index.html?viewer-GISNETPublic.G1S-NETPublic, accessed October 2025.
4 Cafifornia Department of Fish and VVildlife, California Natural Community Conservation Plans, August 2023.
4816 Firestone Boulevard Project Ill Categorical Exemption Analysis

35 74
City of South Gate November 2025
Exception (c): Significant Effect. A categorical exemption shall not be used for an activity where there is a reasonable possibility that the activity will have a siqnificant effect on the environment due to unusual circumstances.

Discussion: There are no unusual circumstances with the Project Site or the proposed Project that would create a reasonable possibility of significant effects to the environment. The Project would redevelop an urban site, completely paved and developed with an approximately 3,680 square-Foot commercial building previously used as a restaurant, with a new 1,700 square-foot building to be used as a fast food restaurant with drive through. The Lead Agency has not determined an unusual circumstance is applicable to the Project. The Project Site has been developed and used as a restaurant previously, and the Project would modify the site to allow drive througt"i service. The proposed land uses are consistent and compatible with the Project Site's setting; the Site's zoning designation is Urban Neighborhood (UN) on the parcels where the restaurant and drive through would be located. The Site's Neighborhood Low (NL) zoned parcel is proposed to be rezoned to UN, removing the Corridor Transition Overlay, and the General Plan designation amended from Medium Density Residential (9-16 du/ac) to Commercial to permit development and use of the site as surface parking area associated with the proposed restaurant.

The Project inc!udes a Conditional Use Permit (CUP) request to allow drive through operations associated with the restaurant. Therefore, as there are no unusual circumstances regarding the proposed Project or Project Site, Categorical Exemption Exception (c) is not applicable to the Project.

Exception (di: Scenic Hiqhways. A cate,qorical exemption shall not be used for a proiect which may result in dama,qe to scenic resources, including but not limited to, trees, historic buildinqs, rock outcroppinqs, or similar resources, within a highway officially desiqnated as a state scenic hiqhway. This does not apply to improvements which are required as mitiqation by an adopted negative declaration or certified EIR.

Discussion: The California Scenic Highway System indicates that no existing or proposed State scenic highways are located in the vicinity of the Project Site.5 The nearest State-designated scenic highway to the Project Site is Topanga Canyon State Scenic Highway, which is located over 26 miles northwest of the Site.6 Therefore, the Project would not result in substantial damage to scenic resources in a State scenic highway. The Project does not propose to alter any trees, historic buildings, rock outcroppings, or any other resources within any highway. Therefore, as the Project would not have an impact on scenic resources or historic buiidings within a State scenic highway, Categorical Exemption Exception (d) is not applicable to the Project. 5 California Department of Transportation, California Scenic Highway Mapping System, List of eligible and officially designated State Scenic Highways,
https://caltrans.maps.arcgis.com/apps/webappviewer/index.html?id=465dfd3d807c46cc8e8057"ll6fl aacaa, accessed October 2025.
6 California Department of Transportation, California Scenic Highway Mapping System, List of eligible and officially designated State Scenic Highways,
https://caltrans.maps.arcgis.com/apps/webappviewer/index.html?id=465dfd3d807c46cc8e80571 I 6fal aacaa. Accessed October 2023.
4816 Firestone Boulevard Project Ill. Categorical Exemption Analysis

75 City of South Gate November 2025
Exception (e): Hazardous Waste Sites. A categorical exemption shall not be used for a proiect located on a site which is included on any list compiled pursuant to Section 65962.5 of the Government Code.

Discussion: California Government Code Section 65962.5 requires various State agencies to compile lists of hazardous waste disposal facilities, unauthorized releases from underground storage tanks, contaminated drinking water wells, and solid waste facilities where there is known migration of hazardous waste, and submit such information to the Secretary for Environmental Protection on at least an annual basis. A significant impact may occur if a project site is included on any of the above lists and poses an environmental hazard to surrounding sensitive uses.

According to California Department of Toxic Substances Control's ("DTSC") EnviroStor database," SWRCB's GeoTracker database,a the Project Site is not identified on any of the lists compiled pursuant to Government Code Section 65962.5. Therefore, construction and operation of the Project would not pose an environmental hazard to surrounding sensitive uses or the environment in regard to siting the Project on a known hazardous waste site, and Categorical Exemption Exception (e) is not applicable to the Project.

Exception (f): Historical Resources. A categorical exemption shall not be used for a proiect which may cause a substantial adverse change in the siqnificance of a historical resource.

Discussion: Section 15064.5 of the State CEQA Guidelines defines an historical resource as:

1. a resource listed in or determined to be eligible by the State Historical Resources Commission, for listing in the California Register of Historical Resources;

2. a resource listed in a local register of historical resources or identified as significant in an historical resource survey meeting certain state guidelines; or

3. an object, building, structure, site, area, place, record or manuscript which a lead agency determines to be significant in the architectural, engineering, scientific, economic, agricultural, educational, social, political, military, or cultural annals or California, provided that the lead agency's determination is supported by substantial evidence in light of the whole record.

A significant adverse effect would occur if a project were to adversely affect an historical resource meeting one of the above definitions. A substantial adverse change in the significance of a historic resource means demolition, destruction, relocation, or alteration of the resource or its immediate surroundings such that the signfficance or a historical resource would be materially impaired. website:7 California Department of Toxic Substances Control, EnviroStor, http://www.envirostor.dtsc.ca.gov/publicl accessed October 2025.

B State Water Resources Control Board, GeoTracker, website: http://geotracker.waterboards.ca.goy accessed October 2025.
4816 Firestone Boulevard Project Ill. Categorical Exemption Analysis

37 76
City of South Gate November 2025
The Project Site is currently developed with one commercial building containing 3,680 square feet; development on the site began in 1927 and the existing building was present by 1958.9 A search ofthe national and State Historic Registerindicated that no historical rescurces are located within the Project Site or in the immediate area.lo' 1l The Project would be limited to the Project Site and will not affect any existing resources listed on the national or State Register or those identified as being eligible for listing on the national or State Register. Therefore, implementation of the Project would not result in a substantial adverse change to an historic resource. As such, Categorical Exemption Exception (f) is not applicable to the Project. 9 Phase lEnvironmental Site Assessment Report, EFI Global Project No.: 045.00712, 4816-4820 Firestone Boulevard and 8915 VosslerAvenue, South Gate, California 90280, Date of Issuance: June 7, 2019.
lo U.S. Department of the Interior, National Park Service. National Register of Historic Places. https:l/www.nps.qov/maps/full.html?mapld=7adl7cc9-b808-4ff8-a2f9-a99909l64466, accessed October 2025.

II California C)ffice of Historic Preservation. California Historical Resources Listed, https://ohp.parks.ca.gov/ListedResources/?view=county&criteria=l9, accessed October 2025. 4816 Firestone Boulevard Project Ill. Categorical Exemption Analysis

77 City of South Gate November 2025

5. CLASS 3 CATEGORICAL EXEMPTION CONCLUSION
As the Project meets the condition For a Class 3 Categorical Exemption under CEQA and none of the six exceptions are applicable, the Project therefore qualifies for a Categorical Exemption under CEQA. No further analysis is required.

DETERMINATION:

I find that the answers given above are adequately supported by the information sources cited following each question and that the effects of the Project are typical or those generated within that class of projects (i.e., Class 3 - New Construction or Conversion of Small Structures) characterized as in-fill development meeting the conditions oT Section 15303 of Title 14 of the California Code of Regulations. The Project will not cause a significant effect on the environment and is, therefore, categorically exempt from the requirement for the preparation of environmental documents under the California Environmental Quality Act.

Sigbity Gate Representative
John F. Signo, AICP, Planning Manager
Printed Name, Title
November 25, 2025
Date
323-563-9569
Phone Number
4816 Firestone Boulevard Project llli Categorical Exemption Analysis

3(T
78 UD
79 Attach
Agenda Bill /10/26

SHOKATI

ARCHTECTS
949.466.2501
9850 Research Dr. Irvine, CA 92618
ShokatiArchitects.com
1/15/2026
Dear Mr. Rodrigo Pelayo,
I am writing this letter to describe the proposed new development of a generic QSR restaurant with a drive-through and walk-up window at 4816, 4820 Firestone Blvd. and 8915 Vossler Ave. in South Gate, CA 90280.

The subject property is located in the UN - Urban Neighborhood and NL - Neighborhood Low zones at the corner of Firestone Blvd and Vossler Ave. The property's total area is 18,274 square feet.

The existing site has a vacant restaurant building in the front lot and parking field on the side and in the back lot. The proposed project is for a generic Restaurant pad with a drive-through lane and related site improvements. The proposed restaurant does not include indoor dining and provides a drive-though and walk-up window. The drive-through lane can accommodate 9 cars with a length of more than 170 feet of stacking space from the pick-up window to the DT entrance.

The following are the details of the proposed project:

Building size: 1700 Sq Ft
DT- lane: 10 Cars
Parking Spaces: 14 Stalls, including one ADA and one EV charging station. Site is qualified under AB2097 for eliminating minimum parking requirement Trash enclosure for waste, recycling, and compost
Refacing the existing pylon sign
Landscaping
I am looking forward to working with you to ensure that the proposed project is implemented in a timely and efficient manner. I would be happy to answer any questions you may have about the project.

Thank you for your time and consideration.

Sincerely,
Pedram Shokati
\-/-c-, 31-'E
I
U)
80 Attachment 5b
Agenda Bill 03/10/26
6S6'athGate-
Community Development Department
Planning Division
8650 California Avenue
South Gate, Ca 90280
Phone: (323) 563-9526

SUPPLEMENT FORM - CONDITIONAL USE PERMIT (CUP)
Finding of Facts
The following conditions and findings must be met before a Conditional (Unclassified) Use Permit can be granted.

Please indicate how the proposed project meets these criteria (attach additional sheets as necessary):
(Yes or No responses are not acceptable)

1. Describe how the approval of the proposed Conditional Use Permit is consistent with and will not adversely affect the intent and purpose of this title or the city's general plan:

The proposed new replacement restaurant's use is consistent with City's 2015 General Plan's qoals of providinq increased business opportunity, automotive access and pedestrian activity for sites on a major corridor such as this one.

The project replaces the existing outdated restaurant building which has been vacant for over four years with a new aesthetically attractive building which will enhance the neighborhood and create a new business. The project provides automotive access with a drive through. Parking is provided for by the existing parking lot across alley to the south which will be re striped.

2. The design and development of the land use and conditions of the Conditional Use Permit are compatible with the existing and future land uses of the applicable zone:

The proposed new replacement restaurant's use is consistent with City's 2015 Zoning for urban Neighborhood goals of providing increased business opportunity, automotive access and pedestrian activity for sites on a major corridor such as this one. The project replaces the existing outdated restaurant building which has been vacant for over four years with a new aesthetically attractive building which will enhance the neighborhood and create a new business. The project provides automotive access with a drive thru and pedestrian activity with an outdoor patio area. Parking is provided for in the existing parking lot across alley to the south in Neighborhood Low zoning with corridor transition overlay.

3. Describe how the approval of the Conditional use Permit would not result in detrimental impacts to adjacent ":rho!" eprtroepsosoer,tontehwe rcehpalaraccelmereon't 'rheestfauunrcaknotnreopfl'ahceesnethgehebxoirshtoinogdrestaurant and retains the existing parking lot south across the alley. The new project will improve the character of the neighborhood with a aesthetically attractive building. The drive thru will provide convenient auto access to the restaurant which serves as an amenity to the neighborhood. The use therefore will not result in detrimental impacts to adjacent property of the character or function of the neighborhood.

4. The site is adequate in size and shape to accommodate the yards, walls, fences, parking and loading facilities, landscaping and other development features prescribed in the City of South Gate Zoning Ordinance, or as is otherwise required in order to integrate said use with the uses in the surrounding area; and The proposed new replacement restaurant buildinq, drive throuqh lane, and parkinq required fit on the site and make full use of the site. The parking lot is separated from the residential by an existing five feet plus (5' +) high zone wall. New landscaping will be provided to enhance the site.

[-l>
81 Attachment 5c
Agenda Bill 03/10/26
65;athGate
Community Development Department
Planning Division
8650 California Avenue
South Gate, Ca 90280
Phone: (323) 563-9526

SUPPLEMENT FORM - ZONE CHANGE / GENERAL PLAN AMENDMENT Finding of Facts
The following conditions and findings must be met before a Zone Change/General Plan Amendment can be granted.

Please indicate how the proposed project meets these criteria (attach additional sheets as necessary):
(Yes or No responses are not acceptable)

1. The following new conditions warrant a revision of the Zoning/General Plan land use designation as it pertains to the property(ies) or area under consideration:

The existing zoning designation does not support the full potential of the site for commercial use. The site consists of multiple parcels, with the front parcels along Firestone Blvd. zoned Urban Neighborhood (UN) and the rear parcel behind the alley zoned Neighborhood Low (NL) with a Corridor Transition Overlay.

To consolidate the parcels into a single cohesive development for a new restaurant with a drive-through lane and related site improvements, a zone change is required. The Corridor Transition Overlay Map supports such a reclassification, allowing for a more efficient and viable commercial project that aligns with the surrounding commercial developments along Firestone Blvd.

Additionally, the existing vacant restaurant structure is outdated, and the new project would revitalize the site by bringing in an updated, pedestrian-friendly, and aesthetically improved restaurant.

2. The reclassification of the area under consideration will be in the interest of the public necessity, health, safety and general welfare for the following reasons:
-The proposed zone change allows for the redevelopment of an underutilized commercial property, supporting economic growth and revitalization in the area. -The new restaurant with a modern drive-through will provide enhanced services for the community while improving traffic flow compared to the existing vacant structure.
-The project will enhance pedestrian accessibility by including a walkable site design and improved landscaping. -The site's updated design and aesthetic improvements will elevate the character of the area and contribute to public safety by increasing activity and visibility along the corridor.
-The drive-through component will provide conveniem service while maintaining efficient on-site circulation and ensuring minimal traffic disruption to adjacent properties.
-The new developmem supports the City's economic goals by creating jobs and attracting new business activity in a prime commercial corridor.

3. The approval of this application will be consistent with the goals, policies, and objectives of the City's adopted General Plan:

The City of South Gate's 2[)T5 General Plan emphasizes increased business opportunities, improved automotive access, and pedestrian-friendly commercial developments along major corridors. This project aligns with these objectives by replacing an autdated restaurant with a modern facility that integrates both pedestrian and vehicular accessibility.

The new development promotes the City's vision for mixed-use corridors by encouraging active commercial use in a strategic location.

The project aligns with the Urban Neighborhood and Corridor Transition Overlay zoning goals by enhancing commercial activity and maintaining compatibility with adjacent residential areas.

The site improvements, including landscaping, updated building design, and compliance with city design standards, will increase property values and contribute positively to the City's long-term urban development strategy.

Page I of 1
L43
82 Attachment 5d
Agenda Bill 03/10/26
6S6ffthGate
8650 California Avenue
South Gate. Ca 90280
Phone: (323i 563-9526
Date Filed: 05/12/2025
Community Development Department
Planning Division

ENVIRONMENT AL INFORMATION FORM
Generallnformafton DavidGhermezian,310-801-8700

1. Name and address of developer or project sponsor: 323 SAN VICENTE BLVD. #4, SANTA MONICA, CA 92402 2, AddreSS @j projB(i; 4816 & 4820 FireStone BIVd. & 8915 VOSSler AVe, SOuth Gate, CA 90280 Assessor's Block and Lot Number: 6222-011-015, 6222-011-037, 6222-011-017

3. Name, address, and telephone number of person to be contacted concerning this project:

Pedram Shokati, Shokati Architects - 9850 Research Dr. Irvine CA 92618 949-466-2501 [email protected]

4. Indicated number of the permit application for the project to which this form pertains: 0I'IB

5. List and describe any other related permits and other public approvals required for this project, including those required by city, regional, state and federal agencies:

Zone Change, Conditional Use Permit, Building Permit

6. Existing zoning district: TRANslTlolN oVER ,Y

7. Proposed use of site (Project for which this form is filed):

URBANMIXEDUSEZONE: ON-URBANNEIGHBORHOOD
New Restaurant with drive-through lane and related site improvements NL - NEIGHBORHOOD LOW with CORRIDOR
Project Description
s. SitP ei.i7p 18,273 SQ. FT O.4195 ACRES
14 STALLS, site is qualified under AB2097 for eliminating minimum parking requirement.

9. Squarpfnnfqgp li700SF

10. Number of floors of constructirin ONE

11. Amount of off-street parking provirlprl

12. Attach plans N

13. Proposed schedulin(:l N'A

14. Associated prrijerts NONE

15. Anticipated incremental development NONE

16. If residential, include the number of units, schedule of unit sizes, range of sale prices or rents, and type of household size expected N/A

17. If commercial, indicate the type, whether neighborhood, city or regionally oriented, square footage of sales area, Bad l@BdiOg faCjjjt1eS Regional, 115 Sf Of SaleS areai

18. If industrial, indicate type, estimated employment per shirt, and loading facilities N/A 19 , If institutional, indicate the major function, estimated employment per shiff, estimated occupancy, loading facilities, and community benefits to be derived from the prnjprt N'A 20 . If the project involves a variance, conditional use or rezoning application, state this and indicate clearly why the application is required (please attach additional forms if necessary) Revised 3/2020 Page 4 of 3
lf'l
83 Per zoning code table 11.21-3 CUP is required for restaurants with DT in UN zone.

Are the following items applicable to the project or its effects? Discuss below a// items checked yes (attach additional sheets as necessary).

21. Change in existing features of any bays, tidelands, beaches, or hills, or substantial alteration of ground contours

22. Change in scenic views or vistas from existing residential areas or public lands or roads

23. Change in pattern, scale or character of general area of project

24. Significant amounts of solid waste or litter

25. Change in dust, ash, smoke, fumes or odors in vicinity

26. Change in ocean, bay, iake, stream or ground water quality or quantity, or alteration of existing drainage patterns

27. Substantial change in existing noise or vibration levels in the vicinity

28. Site on filled land or on slope of 10 percent or more

29. Use of disposal of potentially hazardous materials, such as toxic substances, flammables or explosives

30. Substantial change in demand for municipal services (police, fire, water, sewage, etc). :31. Substantially increase fossil fuel consumption (electricity, oil, natural gas, etc).

32. Relationship to a larger project or series of projects YES NO
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Environmental Setting

33. Describe the project site as it exists before the project, including information on topography, soil stability, plants and animals, and any cultural, historical or scenic aspects. Describe any existing structures on the site, and the use of the structures. Attach of the site. S or a will be The project site as it exists today is a vacant restaurant building with approximate 3,680 sq.ff area at the corner of Firestone Blvd. and Vossler Ave. The project site consists of 3 lots along Firestone Blvd and 2 lots in the back with the alley separating them, please refer to the ALTA survey plan. The site is fairly flat and has a small area of landscaping at the corner of the intersection with one palm tree and the rest of the land is covered with asphalt with 37 parking spaces, including the lots in the back. The site doesn't have any significant cultural, historic or scenic aspects.

'15
Revised 3/2020
84 34. Describe the surrounding properties, including information on plant and animals and any cultural, historical or scenic aspects. Indicate the type of land use (residential, commercial, etc.), intensity of land use (one-family, apartment houses, shops, department stores, etc.), and scale of development (height, frontage, set-back, rear yard, etc.). Attach photographs of the vicinity. Snapshots or polaroid photos will be accepted.

The parcel on the west appears to be a two story vacant structure within the Urban Neighborhood zone, the building next to it also appears to be vacant, all the existing buildings within this block are set next to the sidewalk with zero setback. There are multiple QSR restaurants along Firestone with drive-through, including Dunkin Donuts, Starbucks and Los Alberts Fresh Mexican Food. The property on the east side across Vossler Ave. is a forkliff sales, service and rental business next to a Shell gas station. The property on the south is in NL with conidor transition overlay that appears to be a residential building. The property on the north across Firestone Blvd. is a shopping center within Regional Commercial zone with multiple restaurants and retail stores.

Certification
I hereby certify that the statements furnished above and in the attached exhibits present the data and information required for this initial evaluation to the best of my ability, and that the facts, statements, and information presented are true and correct to the best of my knowledge and belief.
p-.(tsv s'mDate 05/"12/2025 Signature
For Shokati Architects, Inc.

Revised 3/2020 Page 3 of 3
bl(,
85 '1"7
86 9
9 EASTSIDE ROUTE 01ThO Havyaiiari BBQ
METRO115
METRO ff
[-
Rcocket FitriesS
9 METRO 115 - Frequency of stops at every 10-15 minutes METRO 260 - Frequency of Stops at every 20-30 minues The Gate Eastside Route 14 - Frequency of 25 minutes between 6:00 am and 6:00 pm The Gate Westtside Route L - Frequency of 25 minutes between 6:00 am and 6:00 pm o
87 Attachment 5f
Agenda Bill 03/10/26
MfS:l

ENGINEERING, INC
September 3, 2025
Mr. Jose Loera

CITY OF SOUTH GATE
8650 California Avenue
South Gate, CA 90280
MATEngineering, Inc.
www.matengineering.com
17192 MurphyAvenue#14902
Irvine, CA 92623
Ph: 949.344.1828
Subject: 4816FirestoneBoulevardFastFoodWithDriveThroughRestaurantProject Trip Generation & VMT Analysis/Screening, City of South Gate, California Dear Mr. Loera,
MAT Engineering, Inc. is pleased to submit this trip generation study and VMT screening for the proposed 4816 Firestone Boulevard Fast Food with Drive Through Restaurant Project in the City of South Gate.

A. Project Description & Location
The project site is located at 4816 Firestone Boulevard in the City of South Gate, California.

The project consists of displacing the existing uses on the site with one fast food with drive through restaurant.

The existing/previous uses on the project site consist of one high-turn sit-down restaurant with an area of 3,680 square feet.

The project consists of displacing the existing use with a fast food with drive through restaurant with a size of 1,700 square feet.

Exhibit A shows the project location. Exhibit B shows the proposed site plan.

MAT Engineering, Inc. al7192 Mutphy Avenue #14902, Itvine, CA 92623 ffl 949.344.1828 a www.matenqineemq.com Tianspofation Planning a Traffic & VMT Studies u Pading Studies a Traffic Engineering aTraffic Signal Design{Modification a Signing & Striping Plans a Traffic Control Plans Noise, Air Quality & Greenhouse Gas Studies
tH
88 4816FirestoneBoulevardFastFood'AAthDrive ThroughRestaumntPmject Trip Genemfion & VMTAnalysis/Screening, Cityof South Gate, Califomia 0040-2023-01 / September 3, 2025

B. Proied Trip Generation
Trip generation represents the amount of trips attracted and produced by a land use.

The trip generation for the existing use and the proposed project is based upon the specific land uses that have been planned forthis project and has been determined utilizing the Institute of Transportation Engineers (ITE) trip generation rates which is an industry standard for calculating trips associated with land uses.

Table 1 shows the trip ITE trip generation rates for the existing and also the proposed uses based on the ITE. Attachment A shows the ITE trip rates utilized in this analysis.

Table 1
ITE Trip Generation Rates
Land Usi
.ITE
Code
Units
%ak 'lour
Daily AM Peak Hour ' PM Peak Hour -
. In Out Total .ln Out Total -
High Turnover Sit-Down Restaurant 932 TSF 5.26 4.31 9.57 5.52 3.53 9.05 107.20 Fast Food With Drive Through 934 TSF 22.75 21.86 44.61 17.18 15.85 33.03 4ei7.48 Notes:

Source: 2021 ITE 1 4" Edition Trip Generation Manual;
TSF = Thousand Square Feet.

Utilizing the ITE trip generation rates from Table 1, Table 2 shows a summary of the trip generation for the existing land use which wi(l be removed.

Table 2
Existing Land Use Trip Generation
Lind use Quantity Utiits ITE
(_ode
'. " PeakHour -
.DailyAM Peak Hour ' - , PM Ps;ak Hour. ' .

In 'Out ' Total In Out Total
High Tumover Sit-Down Restaurant 3.680 TSF 932 19 16 35 20 13 33 394 ITE Pass-byAdjustment (43% PM PeakHour) o o o -g -6 -15 -15 TOtal "tg 16 35 Il 7 18 379
Source:

Institute of Transportation Engineers (ITE) 2021 Tiip Generation Manual (1 1th Edition) Source: 2021 ITE 11' Edition Trip Generation Manual.

MAT Engineetmg, Inc. 7 92 Murphy Avenue # 4902,lrvme, CA 92623 949.344.1828 www.maienqineeinq.comffifSJl EN(ilN!ilRINa. INC.
5'D
89 4816 Firestone BoulevardFastFood Wish Drive Thmugh RestaumntPmjecf Trip Genem[ion & VMTAnalysis/Screening, CAtyof South Gate, Caltfomia 0040-2023-01 / September 3, 2025

As shown in Table 2, based on the ITE trip generation rates, the existing use on the project currently can generate approximately 379 daily trips which include approximately 35 AM peak hour trips and approximately 18 PM peak hour trips.

Utilizing the ITE trip generation rates from Table 1, Table 3 shows a summary of the trip generation for the proposed land use.

Table 3
Proposed Land Use Trip Generation
Land.Us# Quanta Onitt -ITE
Codb '
Peak Hour' a
DailyAM.Peak Hour ' PM Peak Hour
In Olit. Total In - Out Total
Fast Food th DriveThrough I .888 TSF 934 39 37 76 29 27 56 795 ITE Pass-byAdjustment (49% AM Peak Hour & 50% PM Peak Hour) -19 -18 -37 -14 -14 -28 -65 Total 20 "ig 39 15 13 28 730
Source:

Institute ofTransportation Engineers (ITE) 2021 Trip Generation Manual (1 1th Edition) Source: 2021 ITE l 1' Edition Trip Generation Manual.

As shown in Table 3, based on the ITE trip generation rates, the proposed use is expected to generate approximately 730 daily trips which include approximately 39 AM peak hour trips and approximately 28 PM peak hour trips.

Table 4 shows a summary of the net trip generation For the proposed project and land use after accounting for the displaced existing land use.

Table 4
Project NET Trip Generation
Land Use
" , ' .Peak'No,ur " ' , ,
DailyAMPeakHour . PM Peak Hciui
In Out ' 7otal- ' In Out Total
Proposed Llse 20 19 39 15 13 28 730
Existing Use -19 -16 - 35 -li -7 -18 - 379
NET Total 1 3 4 4 6 10 351
MAT Engineering, Inc. 17 92 Mutphy Avenue # 4902, Irvine, CA 92623 949.344. 828 www.matenqmeemtl.com MfS:l
ENGINEERING.
90 4816 Firestone Boulevard FastFood Wdh Drive Thmugh RestaurantPmject Trip Genemfion & VMTAnalysWScreening, C%of South Gate, Calkmia 0040-2023-01 / September 3, 2025

As shown in Table 4, based on the ITE trip generation rates, after taking credit for the existing use, the proposed project is forecast to generate approximately 351 NET additional daily trips which include approximately 4 NET additional AM peak hour trips and approximately 10 NET additional PM peak hour trips.

Based on industry standards and the Los Angeles County traffic study requirements, typically, a full traffic study is required when a project generates more than 50 peak hour trips. Since the proposed project is expected to generate a low number of peak hour trips, MAT Engineering, Inc. proposes preparation of a trip generation memorandum for the project instead of a full traffic study.

The trip generation memorandum will disclose the project's trip generation based on the ITE trip generation rates and draw a conclusion that based on the low number of trips, the proposed project is expected to not result in an adverse level of service impact and operations on the surrounding roadway system.

C. Vehicle Miles Traveled (VMT) Analysis
In response to Senate Bill (SB) 743, the California Natural Resource Agency certified and adopted new CEQA Guidelines in December 2018 which now identify Vehicle Miles Traveled (VMT) as the most appropriate metric to evaluate a project's transportation impact under CEQA (§ 15064.3).

Effective July "1, 2020, the previous CEQA metric of LOS, typically measured in terms of automobile delay, roadway capacity and congestion, generally will no longer constitute a significant environmental impact.

Based on Section 3.1.2.1 of the County of Los Angeles traffic study requirements (July 23, 2020), retail projects with less than 50,000 square feet of area are screened out from requiring a full VMT analysis. A copy of the guidelines is contained in Attachment B.

Hence, the proposed project is expected to screen out for requiring a full VMT analysis and the project is forecast to have a less than significant VMT impact.

MAT Engineering, Inc. 7 92 Murphy Avenue # 4902, Irvine, CA 92623 949.344.1828 www.matenqineeinq.com ENGllle5RlN(i, IN(:.
91 48l6Fires[one BoulevardFastFood With (:Mve Thmugh RestaurantPmjec[ Trip Generafion & VMTAnalysis/Screening, C%ofSou[h Gafe, Caldomia 0040-2023-Oar / September 3, 2025

MAT Engineering Inc. appreciates the opportunity to provide this technical memorandum. If you have any questions, concerns, or comments, please contact us at 949-344-1828 or [email protected].

Respectfully submitted,
MAT ENGINEERING, INC.

Alex Tabrizi, PE, TE
President
MAT Engineenng, Inc. 7 92 Murphy Avenue #14902, Itvine, CA 92623 949.344. 828 www.matenqineemq.com EN(ilNEERING.
92 93
Attachment 6
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SIIBMITTAL DATE: 07-30-2024

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New Restaurant PAD with Drive-through and refated site improvements.

SHEET INDEX
- TITLE SHEET
- EXISTING SITE PLAN
- PROPOSED SITE PLAN
- FLOOR PLAN - ROOF PLAN, TRASH ENCLOSURE PLANS
- EXTERIOR ELEVATIONS
- COLOR / MATERIAL BOARD
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108

SHOKATI NEW CORE & SHELL DRIVE-THROUGH RESTAURANT PAD 4816, 4820 FIRESTONE BLVD. SOUTH GATE, CA. 90280 14 109
Attachment 8
Agenda Bill 03/10/26
Zoning Map
Address Current Zoning Proposed Comment
4816 Firestone Blvd. UN UN No change
4820 Firestone Blvd. UN UN No change
8915 VosslerAve. NL UN Changed to UN; Corridor
Transition Overlay removed
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110
General Plan Land Use Map
Address Current Land Use
Designation
Proposed Land
Use Designation
Comment
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4820 Firestone Blvd. Coinmercial Commercial No change 8915 VosslerAve. Medirim Density
Residential
(9-16 du/ac)
Commercial Residential units still
allowed in UN zone
111
Item No. 4
MAR - S 7f)75
FILED C'Uy of South Gate
lad C,(rs

CITY COUNCIL
AGENDA BJ[LL
For the Regular Meeting of: March 10, 2026
Ori a a Department: Human Resources
Human Resources Director: Ciffl Manager:
07? Hamilton Rob Houston
SUBJECT: RESOLUTION TO APPROVE THE RECLASSIFICATION OF THE FULL-

TIME EXECUTIVE ASSIST ANT POSITION IN THE PUBLIC WORKS DEPARTMENT

TO A FULL-TIME PUBLIC WORKS SPECIAL PROJECTS COORDINATOR

POSITION
PURPOSE: To approve the reclassification of the full-time Executive Assistant position in the Public Works Department to a full-time Public Works Special Projects Coordinator position.

RECOMMENDED ACTIONS: The City Council will consider adopting a Resolution to approve the reclassification of the 'full-time Executive Assistant position in the Public Works Department to a full-time Public Works Special Projects Coordinator position.

FISCAL IMPACT: The reclassification of the full-time Executive ASSistant position to a Public Works Special Projects Coordinator position in the Public Works Department will result in an estimated savings of approximately $17,000 annually, which includes the cost of benefits.

Additionally, as a result of this reclassification, it will result in the elimination of one (1) Office Assistant position for Fiscal Year 2026/27 which will yield an additional savings of approximately $78,000, for a total savings of $95,000 in General Funds.

ANALYSIS: None.

BACKGROTJND: The City must, from time to time, add, remove, reclassify, or otherwise adjust job classifications, job specifications and/or compensation in the Salary Resolution and Position Classification Plan in order to satisfy the changing needs and demands of the City's workforce. In response to these changing needs and demands, job classification specifications must be amended to more closely match the tasks wich need to be performed by employees in the City's various departments.

As the demands of the City Council, City Manager, and Department Heads began to change over the yearj; so have the duties and requirements of the administrative positions providing direct support to executive-level management. Traditionally, these direct support staff positions, such as a secretary or executive assistant, would aid the department director in the preparation of dictated 1 112
letters, calendar management, preparation of documents, and other similar administrative support functions. However, as technology has improved in the 21s' Century, department heads are able to manage their calendars and correspondence through their desktop computers, manage their phone calls, and perform most of the functions of a traditional secretary or executive assistant. Today's department head is in need of some administrative support; however, what is in more demand is the department head's need to have someone capable of performing research, preparing agenda bills, and other lower-level analytical functions. In some cases, this role may be filled by an analyst if the intended duties are complex, while in other cases, this role may be filled by an individual capable of performing administrative support duties as well as some analytical functions, which are called Special Project Coordinators
The Public Works Department's long serving Executive Assistant retired with more than 30 years of service at the end of February 2026, which now permits the City to reevaluate the needs of the Public Works Department and, as stated previously, the duties of what this position should do in support of the Public Works Director has dramatically evolved over the last three decades. Further, in an effort to ensure the City is "right sizing" its workforce, the Public Works Department needs a Special Projects Coordinator to replace the position of Executive Assistant.

The Public Works Special Projects Coordinator will perform a hybrid range of advanced executive-level administrative support and entry-level analytical duties to support the day-to-day operational and prograrnmatic needs of the Department. The Public Works Special Projects Coordinator will also perform highly responsible professional administrative work, with a primary focus on coordinating and tracking assigned special projects, while also providing executive-level administrative support. This position will be paid consistent with the City's existing Special Projects Coordinator position at Pay Grade 640.

Accordingly, City staff recornrnends approving this action to reclassify the Executive Assistant position in the Public Works Department to the Public Works Special Projects Coordinator.

ATTACHMENT: Proposed Resolution
2 113
Attachment A
Agenda Bill 03/10/26
RESOLUTION NO.

CITY OF SOUTH GATE

LOS ANGELES COUNTY, CALIFORNIA

RESOLUTION OF THE CITY COTJNCIL OF THE CITY OF SOUTH

GATE, CALIFORNIA, TO APPROVE THE RECLASSIFICATION OF THE

FULL-TIME EXECUTIVE ASSISTANT POSITION IN THE PUBLIC

WORKS DEPARTMENT TO A FULL-TIME PUBLIC WORKS SPECIAL

PROJECTS COORDINATOR POSITION
WHEREAS, the City must, from time to time, add or otherwise adjust job classifications, job specifications and/or compensation in the Salary Resolution and Position Classification Plan in order to satisfy the changing needs and demands of the workforce and to more closely match the tasks which need to be performed by employees in the City's various departments; and WHEREAS, the City desires to approve reclassification of the full-time position of Executive Assistant position in the Public Works Department to one full-time Public Works Special Projects Coordinator position.

NOW, THEREFOR, THE CITY COUNCIL OF THE CITY OF SOUTH GATE, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:

SECTION 1. The City Council does hereby declare that the above recitals are true and correct and incorporated herein by reference.

SECTION 2. The City Council hereby approves the reclassification of the full-time Executive Assistant position to one full-time Public Works Special Projects Coordinator position in the Public Works Department.
[The remainder of this page left blank intentionally]

114
SECTION 3. The City Clerk shall certify the adoption of this Resolution which shall be effective upon its adoption.

PASSED, APPROVED and ADOPTED this I0th day of March 2026.

CITY OF SOUTH GATE:

B7:

Joshua Barron, Mayor
ATTEST:

By:

Yodit Glaze, City Clerk
(SEAL)
APPROVED AS TO FORM:

By: ggAFT(9
Raul F. Salinas, City Attorney

115
Item No. 5
M,!'!IR - 5 :;:'i:::('
FILED
Ciffl of South Gate

CITY COUNCIL
l2-.'2>'2-41m AGENIDA BT[LL
Department Head:

For the Regular Meeting of: March 10, 2026
Originating Department: Parks & Recreation
Tina De La Rosa Rob Houston
SUBJECT: CHANGE ORDER WITH FAST DEER BUS CHARTER INC., TO PROVIDE BUSES FOR RECREATION PROGRAMS FOR FY 2025/26
PURPOSE: To approve a change order No.OOl for Fast Deer Charter Inc., to provide buses for Recreation Programs for FY 2025/26
RECOMMENDED ACTION: The City Council will consider:
a. Approving a change order in the amount of $35,542.00 to increase the overall original purchase order issued to Fast Deer Charter Inc., to the amount of $84,542 (p.o. No. 0009488) to provide transportation for Parks and Recreation trips for the remainder of the current fiscal year 2025/26; and
b. Authorizing the Interim Director of Parks and Recreation to execute any additional documents needed.

FISCAL IMPACT: Funds for the use of buses for Parks and Recreation trips are already included in the current budget and have already been allocated through Prop. A funding.

BACKGROUND: The Parks and Recreation Department provides transportation for a variety of trips on a quarterly basis. Mosttrips are taken by our senior population to plays, outdoor activities and casinos.

This Change Order will cover the cost of all the proposed trips for the department for the remainder of the fiscal year. Although there is sufficient budget put aside for these expenses the associated PO was sized too small to cover the annual cost of this program. This requested PO adjustment will allow for the funding of the remaining expenses for this fiscal year.

ATTACHMENTS: A. Change Order No. 001
B. Copy of the original Purchase Order No. 0009488 1 116
Attachment A
Agenda Bill 03/10/26 CITY OF SOUTH GATE

PARKS & RECREATION DEPARTMENT

CONTRACT/PO CHANGE ORDER

CHANGE ORDER #: I
PRO.nECT TITLF.:

CONTRACT #:

CONTRACTOR: FAST DEER BUS CHARTER, INC
CITY PROJECT #: N/A
PURCHASE ORDER #: 0009488
CHANGE REQUESTED BY: A. MEDINA
DATE OF REPORT: 01/26/26
Cost Comments
Original contract/PO amount $ 49.000.00
Previous Change Orders amount
This Change Order amount $ 35.542.00
Tota} increase to contract (all change orders) to date. $ 35,542 00 Revised total contract amount to date $ 84,542.00
Percentage of total increase (or decrease) to contract amount to date: 42% DESCRIPTION OF CHANGE ORDER WORK TO BE PERFORMED, ESTIMATE OF QUANTITIES, AND PRICES TO BE PAm:

Change in Bid item Quantities
Item # Detailed descriptton
Contract
0uantity
Previous
Change
Orders
0uantity
THIS
Change
Orders
0uantity
Total
Adjusted
Contract
0uantity Unit Unit Cost
Change Order
Cost
Time
Extenston
Working
Days
l

THE PO WAS CREATED WITH PARTIAL
AMOUNT OF THE TOT AL NEEDED FOR THE FY.

THIS CO IS TO COVER THE TRIPS TO THE END
OF 06/2026
o o _l.OO _I.OO s ,$35542.00 _N/A
2 o o _O.OO _O.OO o o
3 o o __o.oo _o.oo o o
4 o o __o.oo _o.oo o
NOTES:

WE HAVE INVOICES WAITING TO PROCESS.

Total Cost: $35,542.00
THE TOTAL AMOUNT OF THIS CHANGE ORDER IS: $35,642.00 Approval Recommended by: Date: 01/26/26
Approved by
Director, Manager, Superintendent (department procedure) Approved by:

Director of Administrative Senices
Date'
Date:
01/26/26
117

CITY OF SOUTH GATE
8650 CALIFORNIA AVENUE
SOUTH GATE, CA 90280
WVWV.CI1YOFSOUTHGATE.ORG
(323) 563-5781
Attachment B
Agenda Bill 03/10/26

o" ff'oNUMBER
VENDOR: 0013912:FAST DEER BUS CHARTER, INC.
8105 SLAUSON AVE
MONTEBELLO, CA 90640
8HlPTO: PARKADMINISTRATION
4900 SOUTHERN AVE
SOUTH GATE, CA 90280
Contact:

Emall:

FOB Point:

Terms: Net 30 Days
Req Del Oate:

Special Inst:

Req- No: 0027124
Dept: PARKADMINISTRATION
COntaCt: MEDINA, ANA
Expiration Date:

Fiscal Year: 2026
, '%Quantlty . 'lJnit Description - unltPriae " - Ekt. Price RENTALS OF 56 PASSENGER BUS FOR

DEPARTMENT EXCURSIONS
VENDOR IS KEEPING TO PRIOR YEAR PRICING.

TO COVER CHARGES ON TRIPS OUTSIDE OF

LOS ANGELES COUNTY

FOR PROMPT PAYMENT, INVOICES MUST CONTAIN A PURCHASE ORDER # 'SEE LAST PAGE FOR TERMS AND CONDITIONS"
I
44,000.00
5,000.00
49,000.00

0.00 0.00
49,000.00
' " ' : " AacountNumber " Amount ' . ' : . Account Nurffber ' ' Amount. I E 100-412-6"l-6316 5,000.00
E 22"l-480-33-63"l0 44,000.00
RECEIVING copY
118
Item No. 6
i'UAk "i') a4;ll'lJ7'i:

F ?i :.. . (z'a' :}":..a4a
Ciffl of South Gate

CITY COUNCIL
l: 2'l (ir"

AGENDA BTT ,T,
For the Regular Meeting o:f: March 10, 2026
Originating Department: Administrative Services
DepartmentDirector: Lvv'S ';&*:> 9- CityManager:

Luis Frausto Rob Houston
SUBJECT: APPROVAL OF PROFESSIONAL SERVICES AGREEMENT WITH MEEDER PUBLIC FUNDS, INC. FOR DISCRETIONARY INVESTMENT

MANAGEMENT SERVICES
PURPOSE: To approve a Professional Services Agreement with Meeder Public Funds, Inc. ("Meeder") to provide discretionary investment management services for the City's operating portfolio, pursuant to California Governtnent Code §53607 and the City's adopted Investment Policy.

RECOMMENDED ACTIONS: The City Council will consider:
a. Approve a Professional Services Agreement with Meeder Public Funds, Inc. for discretionary investment management services for an initial term of three (3) years, with up to two (2) one-year renewal options at the City's sole discretion, for a total term not to exceed five (5) years; and b. Authorize the Mayor to execute the Agreement in a form approved as to form by the City Attorney.

FISCAL IMPACT: Compensation under this Agreement is asset-based, tiered, and all-inclusive. Fees are calculated monthly in arrears on the market value of assets under management (AUM):
i . . . ._ . Q s.
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I &
l'
i!!!
l
I
R
i . .1'HaI niii ii i I v * II aiiii v I * ii lffl I i ?s aaii I First $50 million 0.080/o 8 ops $40,000
$50 million - $100 million 0.06% 6 bps $30,000
Above $100 million 0.04% 4 bps Variable
Estimated Annual Cost (at -$100M) $65,000 - $70,000 per year (all-inclusive) All fees are inclusive of investment policy review, portfolio management, compliance monitoring, credit analysis, reconciliation, monthly/quarterly/annual reporting, online portal access, quarterly meetings with staff, annual City Council presentation, and staff training and education. No additional costs may be incurred without prior written authorization from the Director of Administrative Services.

Sufficient appropriations are included in the current adopted budget to fund these services. The City's investment portfolio currently totals approximately $100 million, subject to market fluctuation and seasonal cash flow variation.
1 119
At the current portfolio size, the management fee represents approximately 6.5 -7 basis points of assets under management. While investment returns are subject to market conditions and cannot be guaranteed, professional active management may improve portfolio structuring, credit surveillance, and maturity positioning relative to a passive approach. The primary fiscal benefit of this engagement is enhanced oversight, compliance, and disciplined portfolio management within the statutory priorities of safety, liquidity, and yield.

EXECUTIVE SUMMARY: Following a formal competitive procurement process (RFP No. FIN-2025- 01), staff recommend awarding a Professional Services Agreement to Meeder Public Funds, Inc, ("Meeder") for discretionary investment management of the City's core operating portfolio. Meeder was determined to be the most qualified firm, offering strong public-sector experience, a robust compliance framework, competitive fees, and institutional-grade reporting capabilities.

The Agreement provides comprehensive portfolio management services - including active maturity laddering, continuous credit monitoring, and quarterly performance reviews - at an estimated all-inclusive annual cost of $65,000-$70,000 based on the current portfolio size of approximately $100 million. All fees include meetings, reporting, training, and related expenses. No additional compensation is payable without prior written approval.

The Agreement is structured in compliance with California Government Code §§53600 et seq., §53607, the City's adopted Investment Policy, and all applicable procurement requirements.

BACKGROUND: The City issued Request for Proposals No. FIN-2025-01 for Investment Management Services in accordance with the City's purchasing policies and competitive procurement requirements. The RFP sought a qualified, SEC-registered investment adviser to provide discretionary portfolio management for the City's operating funds, consistent with California Government Code §§ 53600 et seq., the annual delegation of authority under § 53607, and the City's adopted Investment Policy.

Proposals were evaluated by a review committee based on criteria including:
* Public-sector experience, qualifications, and client references * Investment philosophy, risk management framework, and compliance program @ Reporting capabilities, technology platform, and service delivery * Cybersecurity protocols and data protection standards * Fee structure and overall cost competitiveness
Following evaluation of written proposals and any applicable interviews, Meeder Public Funds, Inc. was determined to be the most qualified firm and to provide the best overall value to the City.

ANALYSIS: The City maintains a fiduciary responsibility to safeguard public funds in accordance with State law and Council-adopted policy. Engaging a qualified SEC-registered investment adviser strengthens institutional controls while preserving Council's annual delegation authority under Government Code §53607.

Under California Government Code §53607, the City Council may delegate investment authority to the Director of Administrative Services on an annual basis. The Agreement is structured to support this delegation framework: Meeder provides professional portfolio management under the direction and oversight of the Director, consistent with the City's Investment Policy. The statutory investment priority hierarchy - safety of principal, liquidity, and yield, in that order - remains the governing framework for all portfolio decisions.
2 120
Under the Agreement, Meeder will provide the following services on an ongoing basis:
* Maturity laddering aligned with City cash flow forecasts, continuous credit monitoring, and active positioning tmoughout interest rate cycles
* Strict adherence to the City's Investment Policy, with investments executed only through qualified broker-dealers consistent with Policy requirements
* Monthly portfolio statements, quarterly performance review meetings with Finance staff, and at least one annual presentation to the City Council
* Conflict-of-interest protections consistent with the Agreement's affiliated-product restrictions and disclosure requirements
* Ongoing training and market education for staff, provided at no additional cost The Agreement includes explicit safeguards addressing potential conflicts arising from Meeder's or its affiliates' interests in Local Government Investment Pools (LGIPs), money market funds, and other financial products. Meederhas disclosed these relationships in Exhibit C (Terms of Services-Discretionary Accounts). Notwithstanding those disclosures, the Agreement prohibits investment in any affiliated product without prior written approval from the Director and requires full fee disclosure upon request. This provision takes precedence over Exhibit C.

The Agreement also incorporates California Levine Act (Gov. Code §84308) disclosure requirements, which Meeder is required to satis:ty prior to Council approval.

This structure improves internal control and oversight while allowing Finance staff to focus on treasury management, forecasting, and broader fiscal strategy. The proposed Agreement reflects industry-standard protections, clear order-of-precedence terms, defined insurance requirements, cybersecurity safeguards, and enforceable proposal cornrnitments. Staff recommend approval as it represents a prudent enhancement to the City's investment governance framework.

ATTACHMENTS: A. Investment Management Professional Services Agreement 3 121
Attachment A
Agenda Bill 03/10/26

AGREEMENT FOR PROFESSIONAL SERVICES FOR DISCRETIONARY

INVESTMENT MANAGEMENT SERVICES BETWEEN THE CITY OF SOUTH GATE AND MEEDER PUBLIC FUNDS, INC.

This Agreement for Professional Services for Discretionary Investment Management Services ("Agreement") is made and entered into on March 10, 2026, by and between the City of South Gate, a municipal corporation ("City"), and Meeder Public Funds, Inc., an Ohio corporation and SEC-registered investment adviser ("Consultant"). City and Consultant are sometimes hereinafter individually referred to as a "Party" and collectively as "Parties."

RECIT ALS
WHEREAS, City desires to retain a qualified provider to provide discretionary investment management services for the City's core operating funds, with investment authority delegated annually under California Government Code §53607, for the purpose of managing the City's operating portfolio in compliance with the City's Investment Policy and applicable State law, with the primaty objectives of safety, liquidity, and yield; WHEREAS, Consultant warrants to City that it has the requisite skills, knowledge, qualifications, manpower, and expertise to perform properly and timely the Professional Services under this Agreement; and
WHEREAS, based on such representation, City desires to contract with Consultant to perform the services as described in the Scope of Services attached hereto as Exhibit "A" of this Agreement.

NOW, THEREFORE, the Parties hereby agree as follows:

1. SCOPE OF SERVICES. City hereby engages Consultant, and Consultant accepts such engagement, to perform discretionary investment management services as set forth in the Scope of Services described in the City's Request for Proposals No. FIN-2025-01 for Investment Management Services, attached hereto as Exhibit "A" and incorporated herein by reference, and Consultant's proposal dated December 1, 2025, attached hereto as Exhibit "B" and incorporated herein by reference, together with all material representations, commitments, and service levels contained in Consultant's proposal submitted in response to the RFP, except where expressly modified by this Agreement. Consultant's Terms of Services - Discretionary Accounts are attached hereto as Exhibit "C" and incorporated herein by reference, subject to the Order of Precedence set forth in Section 1.1 below.

1.1 0rder of Precedence. In the event of any inconsistency, conflict, or ambiguity among the documents comprising this Agreement, the following order of precedence shall govern, with the highest priority listed first:
a. This executed Professional Services Agreement, including all City-approved amendments;
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b. The City of South Gate Request for Proposals No. FIN-2025-01, including all written addenda issued by City; and
c. Consultant's proposal submitted in response to the RFP; and d. Consultant's Terms of Services - Discretionary Accounts, attached hereto as Exhibit "C" and incorporated herein by reference.

In the event of a conflict, the higher-priority document shall control. Administrative, procurement, protest, or solicitation procedures contained in the RFP shall not apply after contract execution unless expressly stated in this Agreement.

2. COMPENSATION FOR SERVICES. Consultant shall be compensated for services rendered pursuant to this Agreement based on an asset-based fee calculated onthe market value of assets under management (AUM), expressed as basis points on assets under management, and are inclusive of all costs, expenses, overhead, travel time, meetings, reporting, training, and other services required to perform the Services. The fees are as follows: (a) 0.08% (8 basis points) annually on the first $50 million of AUM; (b) 0.06% (6 basis points) annually on AUM from $50 million to $100 million; and (c) 0.04% (4 basis points) annually on AUM over $100 million. The foregoing fee schedule is tiered and each tier of assets under management will be assessed at the rate set forth in the schedule. This fee is inclusive of all costs associated with the management of City's investment portfolio, including investment policy review, cash flow analysis, portfolio management, compliance monitoring, credit analysis, reconciliation, reporting (monthly, quarterly, and annual), online portal access, meetings, best execution, and staff training/education. Fees shall be calculated and billed monthly in arrears. City shall pay Consultant within sixty (60) days of receipt of an undisputed invoice. No additional compensation shall be paid for any other expenses incurred, unless first approved in writing by the Director of Administrative Services or his/her designee.

2.1 Consultant shall meet with City staff no less than quarterly to review portfolio performance, compliance, market conditions, and strategy. Consultant shall also present portfolio performance and outlook to the City Council at least aru'iually, and at additional meetings upon reasonable request by the City. Travel time between Consultant's office and City Hall shall not be billable. Consultant may request an exemption on a case-by- case basis, which shall be subject to City approval.

2.2 Consultant shall be paid in accordance with the fee schedule set forth in Section 2 above.

City shall pay Consultant within sixty (60) days of receipt of a complete and undisputed invoice.

2.3 No payment made hereunder by City to Consultant, other than the final payment, shall be construed as an acceptance by City of any work or materials, nor as evidence of satisfactory performance by Consultant of its obligations under this Agreement. 5116863.1-L235.0
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3. TERM OF AGREEMENT. This Agreement is effective as of March 10, 2026, and will remain in effect for an initial term of three (3) years from said date, with the option of up to two (2) one-year renewals at the City's sole discretion. The total contract term shall not exceed five (5) years, subject to the City Council's annual delegation of investment authority under California Government Code §53607. Either Party may terminate this Agreement without cause upon thirty (30) days' written notice to the other Party.

4. CITY AGENT. The Director of Administrative Services ("Director"), or his/her designee, for the purposes of this Agreement, is the agent for City. Whenever approval or authorization is required, Consultant understands that the Director, or his/her designee, has the authority to provide that approval or authorization.

5. CONFLICT OF INTEREST. Consultant represents that it presently has no interest and shall not acquire any interest, direct or indirect, in any real property located in the City which may be affected by the services to be performed by Consultant under this Agreement. Consultant further represents that in performance of this Agreement, no person having any such interest shall be employed by it. Within ten (10) days, Consultant agrees that it will irnrnediately notify City of any other conflict of interest that may exist or develop during the term of this Agreement.

5.1 Consultant represents that no City employee or official has a material financial interest in Consultant's business. During the term of this Agreement and/or as a result of being awarded this Agreement, Consultant shall not offer, encourage or accept any financial interest in Consultant's business or in this Agreement by any City employee or official.

6. GENERAL TERMS AND CONDITIONS.

6.1 Termination for Convenience. City may terminate this Agreement at any time without cause by giving thirty (30) days written notice to Consultant of such termination and specifying the effective date thereof. In that event, all finished or unfinished documents and other materials shall, at the option of City, become its property. If this Agreement is terminated by City as provided herein, Consultant will be paid the total amount of its costs as of the termination date. In no event shall the amount payable upon termination exceed the total maximum compensation provided for in this Agreement.

6.2 Termination for Cause.

6.2.1 City may, by written notice to Consultant, terminate the whole or any part of this Agreement in any of the following circumstances:
a. If Consultant fails to perform the services required by this Agreement within the time specified herein or any authorized extension thereof; or b. If Consultant fails to perform the services called for by this Agreement or 5116863.1-L235.0
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so fails to make progress as to endanger performance of this Agreement in accordance with its terms, and in either of these circumstances does not correct such failure withing a period of ten (10) days (or such longer period as City may authorize in writing) after receipt of notice from City specifying such failure.
c. If Consultant fails to comply with applicable law, or loss of required licensure or registration.

6.2.2 In the event City terminates this Agreement in whole or in part as provided above in Subsection 6.2.1, City may procure, upon such terms and in such manner as it may deem appropriate, services similar to those terminated.

6.2.3 If this Agreement is terminated as provided above in Subsection 6.2.1, City may require Consultant to provide all finished or unfinished documents, data, studies, drawings, maps, photographs, reports, films, charts, sketches, computations, surveys, models, or other similar documentation prepared by Consultant. Upon such termination, Consultant shall be paid an amount equal to the value of the work performed. In ascertaining the value of the work performed up to the date of termination, consideration shall be given to both completed work and work in progress, to complete and incomplete drawings, and to other documents whether delivered to City or in possession of Consultant, and to authorized reimbursement expenses.

6.2.4 If, after notice of termination of the Agreement under the provisions of Subsection 6.2.1 above, it is determined, for any reason, that Consultant was not in default, or that the default was excusable, then the rights and obligations of the Parties shall be the same as if the notice of termination had been issued pursuant to Subsection 6.1. above.

6.3 Non-Assignability. ConsultantshallnotassignortransferanyinterestinthisAgreement without the express prior written consent of City.

6.4 Non-Discrimination.

6.4.1 Consultant shall not discriminate against any employee, subcontractor, or applicant for employment because of race, creed, gender, gender identity (including gender expression), color, religion, ancestry, sexual orientation, national origin, disability, age, marital status, family/parental status, or veteran/military status, in the performance of its services and duties pursuant to this Agreement and will comply with all applicable laws, ordinances and codes of the federal, state, and county and the City governments. Consultant will take affirmative action to ensure that subcontractors and applicants are employed, and that employees are treated during employment without regard to their race, color, 5116863.1-L235.0
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religion, ancestry, sex, national origin, disability, or age. Consultant will take affirmative action to ensure that all employment practices, including those of any subcontractors retained by Consultant to perform services under this Agreement, are free from such discrimination. Such employment practices include, but are limited to: hiring, upgrading, demotion, transfer, recruitment, recruitment advertising, layoff, termination, rates of pay or other forms of compensation, and selection for training, including apprenticeship.

6.4.2 The provisions of Subsection 6.4.1 above shall be included in all solicitations or advertisements placed by or on behalf of Consultant for personnel to perform any services under this Agreement. City shall have access to all documents, data, and records of Consultant and its subcontractors for purposes of determining compliance with the equal employment opportunity and non-discrimination provisions of this Section, and all applicable provisions of Executive Order No. 11246 (relating to federal restrictions against discriminatory practices) is available for review and on file with the City Clerk's Office.

6.5 Insurance. Consultant shall procure and maintain, at its sole cost and expense, insurance coverage meeting or exceeding the requirements set forth in Section 17.2 of the City's Request for Proposals No. FIN-2025-01 ("RFP"). Such insurance shall remain in full force and effect for the duration of this Agreement and any applicable extended reporting periods. Consultant shall submit certificates of insurance and required endorsements to City no less than one (1) day prior to commencement of Services and upon each policy renewal. The required insurance shall include, at a minimum, the following:

6.5.1 Commercial General Liability insurance with limits of not less than $1,000,000 per occurrence and $2,000,000 general aggregate, covering bodily injury, property damage, personal and advertising injury, products/completed operations, and contractual liability.

6.5.2 Automobile Liability insurance with limits of not less than $1,000,000 per accident for bodily injury and property damage, covering owned, hired, and non- owned vehicles, if applicable.

6.5.3 Workers' Compensation insurance as required by California law, together with Employer's Liability insurance with limits of not less than $1,000,000.

Consultant shall require all subcontractors to maintain equivalent coverage for their respective employees.

6.5.4 ProfessionalLiabilityinsurancewithlimitsofnotlessthan$10,000,000perclaim and aggregate, covering negligent acts, errors, omissions, breach of fiduciary duty, failure to follow investment guidelines, and errors in the rendering of professional investment advisory services.
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6.5,5 Cyber Liability insurance with limits of not less than $3,000,000 per claim and aggregate, covering unauthorized access, data breaches, privacy violations, network security failures, incident response costs, regulatory proceedings where insurable, and liability arising from third-party service providers.

6.5.6 Crime or Fidelity Bond coverage with limits of not less than $5,000,000, covering employee dishonesty, forgery or alteration, computer fraud, funds transfer fraud, and loss of City money or securities.

6.5.7 Insurance Conditions. All required policies shall:
a. Be issued by insurers admitted and authorized to do business in the State of California, or otherwise approved in writing by City, and rated A- (VII) or better by A.M. Best;
b. Name the City of South Gate, its elected and appointed officials, officers, employees, and agents as additional insureds where applicable; c. Be primary and non-contributory with respect to any insurance or self- insurance maintained by City;
d. Include a waiver of subrogation in favor of City where permitted by law; and e. Provide that coverage shall not be canceled, reduced, or materially altered without at least thirty (30) days' prior written notice to City.

6.5.8 Any claims-made policies shall have retroactive dates acceptable to City and shall be maintained, or extended reporting ("tail") coverage provided, for a period of not less than three (3) years following termination or expiration of this Agreement.

6.5.9 Consultant shall provide certificates of insurance and copies of required endorsements to City prior to commencement of Services and upon renewal of any policy. Failure to maintain required insurance shall constitute a material breach of this Agreement.

6.6 Indemnification. Consultant agrees to indemnify, defend and hold harnnless City and/or any other City agency, including other employees, officers and representatives, for/from any and all claims or actions of any kind asserted against City and/or any other City agency arising out of Consultant's (including Consultant's employees, representatives, products and subcontractors) negligent performance under this Agreement, excepting only such claims or actions which may arise out of sole or active negligence of City and/or any other City agency, or any third parties not acting on behalf of, at the direction of, or under the control of Consultant.
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6.7 Compliance with Applicable Law. Consultant and City shall comply with all applicable laws, ordinances, and codes of the Federal, State, County and City governments, without regard to conflict of law principles.

6.8 Independent Contractor. This Agreement is by and between City and Consultant and is not intended, nor shall it be construed, to create the relationship of agency, servant, employee, partnership, joint venture, or association, as between City and Consultant.

6.8.1 Consultant shall be an independent contractor and shall have no power to incur any debt or obligation for or on behalf of City. Neither City nor any of its officers or employees shall have any control over the conduct of Consultant, or any of Consultant's employees, except as herein set forth, and Consultant expressly warrants not to, at any time or in any maru'ier, represent that it, or any of its agents, servants or employees are in any manner employees of City, it being distinctly understood that Consultant is and shall at all times remain to City a wholly independent contractor and Consultant's obligations to City are solely such as are prescribed by this Agreement.

6.8.2 Indemnification of CalPERS Determination - In the event that Consultant or any employee, agent, or subcontractor of Consultant providing services under this Agreement claims or is determined by a court of competent jurisdiction or CalPERS to be eligible for enrollment in CalPERS as an employee of City, Consultant shall indemnify, defend, and hold harmless City for the payment of any employee and/or employer contributions for CalPERS benefits on behalf of Consultant or its employees, agents, or subcontractors, as well as, for the payment of any penalties and interest on such contributions which would otherwise be the responsibility of City.

6.8.3 Business License Required. According to Title 2.08.40 of the South Gate Municipal Code, a business license will be required prior to doing business within the City, even if the business is located outside of the City. Verification of a valid South Gate business license will be required prior to start of work and any fees associated with the acquisition or maintenance of such business license shall be the sole responsibility of Consultant.

6.9 Consultant's Personnel.

6.9.1 All services required under the Agreement will be performed by Consultant, or under Consultant's direct supervision, and all personnel shall possess the qualifications, permits and licenses required by State and local law to perform such services, including, without limitation, a City of South Gate business license as required by the South Gate Municipal Code.
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6.9.2 Consultant shall be solely responsible for the satisfactory work performance of all personnel engaged in performing services required by this Agreement, and compliance with all reasonable performance standards established by City.

6.9.3 Consultant shall be responsible for payment of all employees' and subcontractors' wages and benefits and shall comply with all requirements pertaining to employer's liability, workers' compensation, unemployment insurance and Social Security.

6.9.4 Consultant shall indemnify and hold harmless City and all other related entities, officers, employees and representatives from any liability, damages, claims, costs, and expenses of any nature arising from alleged violations of personnel practices or of any acts of omissions by Consultant in connection with the work performed arising from this Agreement.

6.10 Copyright. No reports, maps or other documents produced in whole or in part under this Agreement shall be the subject of an application for copyright by or on behalf of Consultant.

6.11 Legal Construction.

6.11.1 This Agreement is made and entered into in the State of California and shall in all respects be interpreted, enforced, and governed under the laws of the State of California without regard to conflict of law principles.

6.11.2 This Agreement shall be construed without regard to the identity of the persons who drafted its various provisions. Each and every provision of this Agreement shall be construed as though each of the parties participated equally in the dra'fting of same, and any rule of construction that a document is to be construed against the dra'fting party shall not be applicable to this Agreement.

6.11.3. The article and section, captions and headings herein have been inserted for convenience only and shall not be considered or referred to in resolving questions of interpretation or construction.

6.11.4. Whenever in this Agreement the context may so require, the masculine gender shall be deemed to refer to and include the feminine and neuter, and the singular shall refer to and include the plural.

6.12 Counterparts. This Agreement may be executed in counterparts and, as so executed, shall constitute an agreement which shall be binding upon all Parties hereto.

6.13 Final Payment Acceptance Constitutes Release. The acceptance by Consultant of the final payment made under this Agreement shall operate as and be a release of City from H
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all claims and liabilities for compensation to Consultant for anything done, furnished, or relating to Consultant's work or services. Acceptance of payment shall be any negotiation of City's check or the failure to make a written extra compensation claim within ten (10) calendar days of the receipt of that check. However, approval or payment by City shall not constitute, nor be deemed, a release of the responsibility and liability of Consultant, its employees, sub-consultants and agents for the accuracy and competency of the information provided and/or work performed; nor shall such approval or payment be deemed to be an assumption of such responsibility or liability by City for any defect or error in the work prepared by Consultant, its employees, sub-consultants and agents.

6.14 Corrections. In addition to the above indemnification obligations, Consultant shall correct, at its expense, all errors in the work which may be disclosed during City's review of Consultant's report or plans. Should Consultant fail to make such correction in a reasonably, timely manner, such correction shall be made by City, and the cost thereof shall be charged to Consultant.

6.15 Files. All files of Consultant pertaining to City shall be and remain the property of City.

Consultant will control the physical location of such files during the term of this Agreement and shall be entitled to retain copies of such files upon termination of this Agreement.

6.16 Waiver; Remedies Cumulative. Failure by a Party to insist upon the performance of any of the provisions of this Agreement by the other party, irrespective of the length of time for which such failure continues, shall not constitute a waiver of such Party's right to demand compliance by such other Party inthe future. No waiver by aParty of a default or breach of the other party shall be effective or binding upon such a Party unless made in writing by such Party, and no such waiver shall be implied from any omissions by a Party to take any action with respect to such default or breach. No express written waiver of a specified default or breach shall affect any other default or breach, or cover any other period of time, other than any default or breach and/or period of time specified. All of the remedies permitted or available to a Party underthis Agreement, or at law or in equity, shall be cumulative and alternative, and invocation of any such right or remedy shall not constitute a waiver or election of remedies with respect to any other permitted or available right of remedy.

6.17 Mitigation of Damages. In all such situations arising out of this Agreement, the Parties shall attempt to avoid and minimize the damages resulting from the conduct of the other Party.

6.18 Severability. If any provision in this Agreement is held by a court of competent jurisdiction to be invalid, void, or unenforceable, the remaining provisions will nevertheless continue in full force without being impaired or invalidated in any way.

6.19 Attorneys' Fees. The Parties hereto acknowledge and agree that each will bear his or its 12 5116863.1-L235.0
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own costs, expenses and attorneys' fees arising out of and/or coru'iected with the negotiation, drafting and execution of the Agreement, and all matters arising out of or connected therewith except that, in the event any action is brought by any Party hereto to enforce this Agreement, the prevailing Party in such action shall be entitled to reasonable attorneys' fees and costs in addition to all other relief to which that Party or those Parties may be entitled.

6.20 Entire Agreement and Amendments. This Agreement constitutes the whole agreement between City and Consultant, and neither party has made any representations to the other except as expressly contained herein. Neither party, in executing or performing this Agreement, is relying upon any statement or information not contained in this Agreement. Any amendments, changes or modifications to this Agreement must be made in writing and appropriately executed by both City and Consultant.

6.21 Notices, Venues and Governing Law. This Agreement shall be governed by the laws of the state of California, without regard to conflict of laws principles. Any notice required to be given hereunder shall be deemed to have been given by email transmission with confirmation of delivery and depositing said notice in the United States mail, postage prepaid, and addressed as follows:

TO CITY:

City of South Gate
Luis Frausto, Director of Administrative Services
8650 California Avenue
South Gate, CA 90280
Email: lfrausto(isogate.org
TEL: (323) 563-9522
TO CONSULT ANT:

Meeder Public Funds, Inc.

Jim McCourt, CFA, Director, Advisory Services
1111 West Ocean Boulevard, 4th Floor
Long Beach, CA 90802
TEL: 866.633.3371
Email: jmccourt(Qmeederinvestment.com
WITH COURTESY COPY TO:

City of South Gate
Yodit Glaze, City Clerk
8650 California Avenue
South Gate, CA 90280
Email: yglaze(isogate.org
TEL: (323) 563-9510

6.22 Warranty of Authorized Signatories. Each of the signatories hereto warrants and represents that he or she is competent and authorized to enter into this Agreement on behalf of the Party for whom he or she purports to sign.

6.23 Consultation with Attorney. Consultant warrants and represents that it has consulted with an attorney or la'iowingly and voluntarily decided to forgo such a consultation. lj
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6.24 Interpretation Against Drafting Party. City and Consultant agree that they have cooperated in the review and drafting of this agreement. Accordingly, in the event of any ambiguity, neither Party may claim that the interpretation of this Agreement shall be construed against either Party solely because that Party drafted all or a portion of this Agreement, or the clause at issue.

7. COMPLIANCE WITH CITY INVESTMENT POLICY. Consultant shall manage the City's investment portfolio in strict compliance withthe City's Statement of Investment Policy, as adopted by the City Council and as may be atnended from time to time ("Investment Policy"). City shall provide Consultant with a copy of the current Investment Policy and shall notify Consultant in writing of any amendments or modifications at least ten (10) days prior to the effective date of such changes. Consultant shall be entitled to rely on the most recent Investment Policy provided by the City. In the event of any conflict between Consultant's Terms of Services (Exhibit "C") and the City's Investment Policy, the Investment Policy shall prevail.

8. BROKER-DEALER REQUIREMENTS. All securities transactions executed on behalf of City shall be conducted only through broker-dealers that meet the requirements set forth in Section VIII of the City's Investment Policy, including but not limited to: (a) institutions licensed by the State of California as a broker/dealer and members of the Financial Industry Regulatory Authority (FINRA) or a federally regulated securities exchange; (b) National or State-Chartered Banks; (c) Federal or State Associations as defined by Section 5102 of the California Financial Code; or (d) brokerage firms designated as Primary Government Dealers by the Federal Reserve Bank. Consultant shall maintain a list of broker-dealers used for City transactions and shall provide such list to City upon request.

9. AFFILIATED PRODUCTS AND CONFLICTS OF INTEREST. Consultant has disclosed in Exhibit "C" certain conflicts of interest arising from Consultant's or its affiliates' financial interests in Local Government Investment Pools (LGIPs), money market funds, and other financial products that Consultant may recornrnend. City acknowledges these disclosures.

Notwithstanding anything in Exhibit "C" to the contrary, Consultant shall not invest City funds in any investment product, fund, or pool in which Consultant or any of its affiliates earns advisory, administrative, or other fees without the prior written approval of the Director of Administrative Services. Upon request, Consultant shall disclose to City all fees or compensation received by Consultant or its affiliates in connection with any investment recommended or made on behalf of the City.

10. USE OF CITY NAME AND MARKETING. Notwithstanding Section 14 of Exhibit "C" or any other provision to the contrary, Consultant shall not use the City's name, logo, seal, or any other identifying marks in any sales, marketing, advertising, or promotional materials, client lists, references, case studies, or press releases without the prior express written consent of the City. Any request for such consent shall be submitted to the Director of Administrative Services and shall include the specific proposed use and context. This restriction shall survive termination or expiration of this Agreement.
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ll.CONFIDENTIALITY AND PUBLIC RECORDS. City agrees to maintain the confidentiality of Consultant's proprietary and confidential business information to the extent permitted by law. However, City is a public agency subject to the California Public Records Act (Government Code Section 6250 et seq.) and other legal requirements mandating disclosure of public records. Consultant acknowledges and agrees that: (a) documents and information provided to or generated by City in connectionwiththis Agreement may be subject to disclosure under the Public Records Act or in response to subpoenas, court orders, or other legal process; (b) City shall not be liable to Consultant for any disclosure made in good faith pursuant to the Public Records Act or legal compulsion; and (c) if City receives a request for documents that Consultant has identified as confidential or proprietary, City shall, to the extent practicable and permitted by law, provide Consultant with reasonable notice prior to disclosure to allow Consultant the opportunity to seek a protective order or other appropriate remedy. The final determination as to disclosure shall rest solely with City. This Section shall not limit City's obligations under any applicable non-disclosure provisions of federal or state law.

12. CYBERSECURITY AND DATA PROTECTION. Consultant shall maintain administrative, technical, and physical safeguards that meet or exceed industry standards and the requirements set forth in the RFP, including but not limited to SOC 2 Type II-equivalent controls, secure data handling, and U.S.-based data residency.

Consultant shall notify City in writing of any actual or suspected cybersecurity incident involving City data within twenty-four (24) hours of discovery, and within two (2) hours if personally identifiable information is involved. Consultant shall cooperate fully with City in the investigation, mitigation, remediation, and required notifications.

Consultant shall maintain and test business continuity and disaster recovery plans at least annually and shall provide summaries upon request.

13. CALIFORNIA LEVINE ACT DISCLOSURE STATEMENT. In accordance with California SB1439 extended requirements under Government Code Section 84308, also known as the "Levine Act," a disclosure must be filed of political contributions totaling more than two hundred fifty dollars ($250) within the previous twelve (12) months, and for three (3) months following the date a final decision is made to award an agreement. Therefore, the City requires that Consultant fill out the California Levine Act Disclosure Statement form available on the City website and submit it to the City Clerk's Office prior to the approval of this Agreement.

14. PROPOSAL COMMITMENTS. All material representations, staffing commitments, service descriptions, reporting features, and performance obligations contained in Consultant's proposal are deemed contractual obligations and enforceable under this Agreement unless expressly superseded by the terms of this Agreement. 5116863.1-L235.0
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15. EFFECTIVE DATE. The effective date of this Agreement is March 10, 2026, and will remain in effect for three (3) years from said date, with up to two (2) one-year renewals at the City's sole discretion, subject to annual delegation under California Governrnent Code §53607, rinless otherwise teiminated in accordance with the tei'ms of this Agreement.

IN WITNESS WHEREOF, the Parties hereto have caused this Agreement to be executed and attested by their respective officers thereunto duly authorized.

CITY OF SOUTH GATE:

BY:

Joshua Barron, Mayor
Dated:

ATTEST:

BY:

Yodit Glaze, City Clerk
(SEAL)
APPROVED AS TO FORM:

BY: 3
Salinas, City Attorney
MEEDER PUBLIC FUNDS, INC.:

By:

Jason Headings, Senior Vice President
Dated:
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EXHIBIT " A"
(Scope of Senrices)
ll
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Exhibit A

6. MINIMUM QUALIFICATIONS
A. Registration: Investment Manager shall be an SEC-registered investment adviser (RIA) or bank trust department authorized to provide discretionary investment management services in the State of California.

B. Experience: Minimum five (5) years of experience managing operating portfolios for California municipal or public agency clients.

C. Assets Under Management: At least $2 billion in public-sector assets under ongoing management.

D. Regulatory History: No material disciplinary actions, client complaints, or enforcement proceedings filed against the firm, its affiliates, or key personnel with the SEC, FINRA, or any state agency within the past five (5) years.

E. Independence and Disclosure: The Manager must be independent of any independent of any broker/dealer or fully disclose all affiliations and revenue- sharing arrangements related to the City's portfolio.

F. Insurance: Maintain not less than $10 million in professional liability (E&O) coverage and $10 million in fidelity bond coverage.

G. Technology and Security: Provide a secure client portal and maintain cybersecurity controls consistent with SOC 2 Type II or equivalent standards.

7. SCOPE OF SERVICES / REQUIREMENT SPECIFICATIONS
The Investment Manager shall provide full-service discretionary investment management for the City's core operating funds in accordance with the City's Investment Policy and applicable law. Services shall include, but are not limited to:

A. Develop and implement an investment strategy consistent with the City's Investment Policy, cash-flow requirements, and risk parameters.

B. Buy and sell authorized securities on a delivery-versus-payment (DVP) basis and maintain documentation demonstrating best execution for all trades.

C. Coordinate maturities with the City's projected cash-flow needs and collaborate annually with staff to review and refine cash-flow forecasts. The Accounting and Finance Manager will provide liquidity forecasts on a regular basis.

D. Conduct credit and counterparty due diligence, including broker/dealer approval reviews and ongoing monitoring of issuers, custodial institutions, and depository banks.

E. Provide ongoing market and economic research, interest-rate outlooks, and scenario analyses to support strategic decisions.

F. Prepare quarterly performance and compliance reports meeting California Gov.

Code § 53646 and provide monthly transaction and holding summaries. Each quarterly report shall include portfolio composition, sector distribution, yield, duration, and performance versus the approved benchmark, and shall incorporate balances in LAIF or other authorized investment pools.

G. Provide annual strategy and policy review recommendations 1Q
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H. Maintain a secure online portal for portfolio access and performance analytics.

1. Meet quarterly with City staff and, at least annually, with the City Council to present portfolio performance and outlook.

J. Provide, upon request and subject to mutual scheduling, training for City staff on investment management or treasury topics relevant to the City's portfolio.

K. Ensure that all securities are held in the City's name and safekept by the City's designated third-party custodian; the Manager shall have no custody of assets.

All securities shall be held in the City's account with its designated custodian bank. The Investment Manager wilt direct transactions on a delivery-versus- payment (DVP) basis through the custodian.

L. Coordinate with City staff on liquidity allocations between the portfolio and external investment pools such as LAIF or CAMP, consistent with the City's cash-flow needs and policy limits.

M. ASSiSt City staff and external auditors during annual investment compliance reviews by providing portfolio data, reconciliations to custodian statements, and supporting documentation as requested.

7.1 Written and Oral Reports
The Investment Manager shall provide quarterly written reports in compliance with California Government Code § 53646 and the City's Investment Policy. The report format shall be one agreed to by the City. Reports shall include portfolio holdings, transactions, compliance statements, market commentary, and performance results versus the benchmark. The performance benchmark shall be mutually agreed upon during contract negotiations and shall be the ICE BofA 1-3 Year u.s.

Government/Corporate Index by default, unless otherwise mutually agreed.

The Manager shall be available to meet with City staff on a quarterly basis to review portfolio activity and market conditions, and shall provide an annual oral presentation to the City Council summarizing performance, outlook, and compliance status. Additional presentations may be requested as needed in response to significant market events or policy updates.

7.2 Investment Policy Review and Evatuation
On an annual basis, the Manager shall review the City's Investment Policy to ensure it is consistent with current law, market practices, and GFOA best practices. The Manager shall provide written recommendations for potential revisions and participate in discussions with City staff during the annual policy review process.

All policy recommendations and performance reports will be provided in draft form at least two weeks before the City's scheduled Council or Commission review meeting.

7.3 Impementation and Transition Plan
The Contractor shall provide a comprehensive, coordinated, and timely implementation and transition plan to ensure uninterrupted City operations during the conversion of t'Th
137
investment management services. The plan shall be developed in collaboration with the City's Financial Management Department and approved prior to commencement.

7.4 Customer Service and Relationship Management
The Contractor shall provide a high level of customer service and relationship support to ensure responsive communication, prompt issue resolution, and continuity of service for all City investment options.

Minimum service requirements include:

A. Dedicated Service Team: A service team that ensures real-time responsiveness during the City's business hours (7 a.m. -6 p.m. PT). Provide an updated contact list including Relationship Manager, customer service officers, and technical support staff.

B. Relationship Manager: Designate a Relationship Manager (Vice President level or equivalent) experienced in public sector investments, with authority to coordinate all services, resolve issues, and provide consultation on new products or enhancements. The Relationship Manager shall be available for onsite or virtual meetings as requested by the City, and at least annually for a formal review of the relationship.

C. Customer Support and Availability: Provide responsive customer service for transaction inquiries, research requests, and troubleshooting of operational or technical issues.

1. Initial response within the same business day;

2. Resolution or status update within one (1 ) business day or initial contact;

3. Provide Portfolio support and analytics assistance during regular business hours.

D. Research and Documentation: Provide other requested documents within 24 hours of request. Maintain and provide accurate reports to the City upon request.

E, Training and Service Reviews: Provide ongoing training for City staff on all aspects of investment management and investment analysis. Conduct periodic service reviews with City Finance staff to assess performance, discuss enhancements, and identify efficiency improvements.

F, Notifications and Alerts: Provide real-time alerts or notifications for Key investment accounts or data system events, including Failed file transmissions account overdrafts, unauthorized transactions, or failed user authentications.

7.5 Cybersecurity and Data Protection
The Contractor shall maintain comprehensive information security, cybersecurity, and data-protection programs consistent with financial-industry regulations, FFIEC guidance, 138
and applicable public-sector requirements. All systems, applications, and third-party providers supporting City operations shall comply with the controls described below.

A. Governance and Oversight

1. Maintain a documented Information Security and Cyber Risk Management Program, including incident-response, business-continuity, and disaster-recovery plans applicable to public-sector clients.

2. Provide annual independent audit reports (SOC I/SOC 2 Type II or SSAE-18) issued by a licensed AICPA-credentialed auditor.

3. Align policies and controls with recognized frameworks such as ISO/IEC 270C)1, 27002, and NIST SP 800-53.

4. Ensure that all subcontractors and third-party service providers follow equivalent security protocols and are contractually bound to confidentiality and breach- notification standards.

B. Data Protection and Residency

1. Protect City data in transit and at rest using industry-standard encryption (e.g., AES-256).

2. Store and process all primary City data within the continental United States; use of secondary or disaster-recovery sites outside the u.s. requires prior written City approval.

3. Sanitize or destroy media containing City data prior to reuse or disposal, in compliance with NIST SP 800-88.

C, Application and Access Security

1. Require multi-factor authentication (MFA) for all users and administrators and enforce strong password policies.

2. Support role-based access control (RBAC) and automatic account de- provisioning after defined inactivity.

3. Maimain COmprenenSIVe aLitjit trails Of iiSer and administrative activity, with reporting and alerting available to City administrators.

4. Implement secure session management, timeouts, and re-authentication to prevent unauthorized access.

5. Conduct regular application-layer vulnerability scans and penetration tests; remediate Findings promptly.
,,2..1
D. Network and Technical Controls
139
1, Operate a 24/7 Security Operations Center (SOC) or equivalent capability providing real-time threat monitoring and incident escalation.

2. Maintain intrusion-detection and prevention systems (IDS/IPS), updated malicious-code protection, and vulnerability-management processes following NIST or ISO best practices.

3. Prevent insider threats and unauthorized external access through layered security controls and least-privilege principles.

E, Incident Response and Continuity of Operations

1. Notify the City within twenty-four (24) hours of any confirmed or suspected security incident, and within two (2) hours iF Personally Identifiable Information (Pll) is involved.

2. Maintain business continuity and disaster recovery procedures, ensuring uninterrupted access to the City's portfolio data and reports in the event of a cyber or system incident.

3. Provide executive summaries of the last two annual BC/DR tests, including Recovery Time Objective (RTO) and Recovery Point Objective (RPO) metrics for relevant systems.

4. Do not restrict or disable City user access to the client reporting portal during a security event unless required by law or directed by the City. 5, The Contractor shall be responsible for damages arising from any breach or compromise attributable to its negligence or that of its subcontractors.

F. Transparency and Reporting
1, Upon request, provide the City with an overview of system and application- security features, audit results, and privacy policies describing collection, use, and retention of client data.

2. The City reserves the right to review relevant security documentation and request clarification of any material findings.
140
5116863.1-L235.0
Agreement for Professional Services

MEEDER PUBLIC FUNDS, INC

EXHIBIT "B"
(Consultant's Proposal)
,23
141
Exhibit B
Ci
South Gate
Request for Proposals for
Investment Management Services
RFP No. FIN-2025-01
DECEMBER 1, 2025
/.CQn
MEEDER
PUBLIC FuND5
142
Cover Letter
MEEDER

JASON HEADINGS, CMT
SR. VICE PRESIDENT
614.760.2111
[email protected]
To the City of South Gate,
Meeder Public Funds is pleased to submit our proposal For lnvestment Management Services to the City of South Gate. With 35 years of experience managing the investment portfolios of public entities on a fiduciary basis arid the continued dedication to use our resources to provide exemplary service to our clients, Meeder is uniquely positioned to help the City establish a financial foundation on which it can thrive going into the future. Meeder is committed to helping the City achieve its objective of maximizing income, while focusing on the preservation of principal, maintenance of liquidity, and complying with California Government Code and the City's investment policy.

We currently manage and advise investment portfolios for more than 400 public entity clients as of 12/31/2024 and are committed to executing all items outlined in the Scope of Services.

At Meeder, we pride ourselves on living up to a simple mantra that we want all our clients to experience throughout our relationship:

With you. For you.

EXPERIENCE Meeder brings a unique combination of advisory and investment expertise to the table for our clients. Our team includes 7individuals that have been in your shoes, serving in your roles at public entities, including positions at the state, county, and city levels. That experience, combined with a team or Portfolio Managers that average more than 18 years of fixed income experience makes Meeder uniquely qualified to help your team navigate through all situations the City may face.

HOLISTIC

APPROACH
We will work with the City to take a holistic approach to the investment of your funds, focusing on your entire financial picture. We will review your cash flow and offer recommendations on all aspects of your treasury management process. This is the difference between a true advisor and a manager who simply manages a portion of City funds.

E)

TRUSTED

ADVISORS
Our goal truly is to be viewed as your trusted advisor. We are here for you in all aspects of your treasury management program, not just the investment of your funds. Lean on our team and experience for any questions that may arise. If we don"t have an answer, odds are that one of our clients has experienced something similar and we can get you the assistance you need, no matter the topic. 2 143
Cover Letter
MEEDER
We acknowledge all addenda for the RFP. Prior to contract execution, we can obtain a City of South Gate business license.

Jason Headings, CMT, is authorized to make representations for the organization and serves as Senior Vice President for Meeder Public Funds, Inc.

Services will take place at our Columbus, Ohio headquarters.

Address: 6125 Memorial Drive, Dublin, Ohio 43017
Meeder respectfully requests that the client information on pages 17, 21, 23, 35-38, 47-48, and 52 of this response be excluded from any public information request relating to this RFP on the basis that it constitutes a trade secret.

We look forward to your review of our credentials and hope to develop a long-term relationship with the City of South Gate, where we are confident we could add significant value to the City's investment program.

Respectfully,
JASON HEADINGS. CMT
SR. VICE PRESIDENT
614.760.2111
[email protected]
3 144
Contents

FIRM PROFILE & EXPERIENCE

TECHNICAL RESPONSE

CUSTOMER SERVICE & ESCALATION PLAN

CYBERSECURITY AND DATA-PROTECTION SUMMARY

IMPLEMENTATION PLAN & TIMELINE

FEE PROPOSAL

REFERENCES

LEGAL & CONTRACT EXCEPTIONS (IF ANY)

PROPOSAL QUESTIONNAIRE
A. General Firm Information
B. Experience and Qualifications
C. Investment Management Approach
D. Reporting and Communication
E. Risk Management and Compliance
F. Team and Staffing
G. Client Relationships and Transitions
H. Additional Information
5 7
14 16
18 20
22 24

REQUIRED FORMS
Proposer Checklist
Conflict of InRerest Certification
Proposal Certification and Signature Page
Non-Collusion Affidavit

APPENDIX
Terms of Services
Certificate of Liability Insurance
Privacy Policy
Sample Report
Form ADV Part 2A
Form ADV Part 2B

MEEDER PUBLIC FUNDS
ffil West Ocean Boulevard, 4th Floor, Long Beach, CA 90802

1.866.633.3371 I meederpublicfunds.com
MEEDER
60 61
62 64
65 66
96 108
4 145
Firm Profile &
Experience
MEEDER
146
Firm Profile & Experience
Include financial strength credit ratings, and government clients.

ABOUT MEEDER PUBLIC FUNDS
R!ll#la!lffialffilal!IllllllllllflWfflffllW
!
Meeder Pciblic Funds
is registered with the
Securities and Exchange
Commission.

We have experienced
tremendous growth in recent
years, and as such we have
' a growing balance sheet
and remain in very healthy
' financial standing. As a
privately held company, we
do not typically make our
financial statements public.

However, if selected we are
willing to provide a summary
report of our audited
financial statements.

I
I
m mlllW4ililaaaiuaiam&lallliilllatmaWfflllWtwj91Ilwaaa!M Founded in 1990,
advising public entities
for 35 years
Among the largest managers
of publicfunds in the
United States
Meeder Investment Management,
parent company of
Meeder Public Funds, Inc.

Meeder Public Funds has assets
under advisement of over
$165 billion as of12/31/24" S1B5B"
Partnerto400+ public
entities nationwide
Customized solutions for:

Cities, counties, states, and townships
School districts, libraries, and higher
education institutions
Special district and municipal authorities
Specialized expertise in
managing both operating
and project funds
History of investing
publicfundsin
California since 1995
National presencewithoffices in:
)) Columbus, Ohio (Headquarters)
Long Beach, California
Austin, Texas
Denver, Colorado
Lansing, Michigan
Las Vegas, Nevada
Salt Lake City, Utah
"Assets under advisement consist of $59.25 billion of regulatory assets under management for which Meeder Public Funds provides continuous and regular investment management services as disclosed in the Form ADV and $107.75 billion of non-discretionary assets as to which Meeder Public Funds provides strategic advice or consultation but does not have the authority to effectuate transactions.

MEEDER
147
Technical
Response
MEEDER
148
Technical Response
MEEDER
Dav*fop and Implement ari fnvaitm*ntstrat*gyaonifmantwlththeClty'i Invaitm*nt Polgey, eagh-flowraqulramint4 and rlak parammarg. l " xuwwnmtttri*wvnaaivaritavi'rmiamniiunia'i'iiaiiwwaavm giwwtnmummivitn4 a Meeder Public Funds has earned the trust of state and local governments for over 30 years with a steadfast focus on client goals and a consistent approach to managing client assets. We practice a consistent, highly quantitative strategy when constructing fixed income portfolios for public entities. Through detailed cash flow analysis, we help our clients construct a custom portfolio to meet the unique needs of their entity.

These portfolios reflect our emphasis on safety and liquidity while attempting to maximize interest income. mmmn gww a
We understand the complexities that public entities face when it comes to creating the optimal investment program and we believe that our decades of experience in public funds investment management makes us tlie optimal partner for the City. And as an SEC registered investment adviser, we will i'nanage the City's investment pomolio in a fiduciary capacity-meaning we are required to act in YOUR best interests.

With decades of experience investing in the fixed income markets, we have been through several interest rate cycles and understand the possible effects those shifts can have on portfolios. We pride ourselves on our ability to navigate the ever-changing markets.

Our size, scale and longevity provide institutional infrastructure, governance and operational resilience that supports the highest standards for public-sector investment management. Our specific focus on public-sector clients ensures a dedicated, experiencerJ team aligner3 with the unique requirements of governmental bodies-safety, liquidity, compliance, transparency and accountability. Our demonstrated track-record working with public agencies and governments gives you confidence that we understand your fiduciary obligations, regulatory environment and reporting expectations.

INVESTMENT POLICY REVIEW
Meeder has extensive experience drafting and revising investment policies and portfolio management guidelines for many of our public entity clients. Creating and/ or reviewing investment policies is one of the first steps we tape with all clients. We encourage a clear and concise investment policy that provides adequate guidance and control without undue administrative burden. At least annually, Meeder will review the Investment Policy of the City and recommend any changes.

CASH-FLOW ANALYSIS
We believe proper cash flow analysis builds a solid foundation for all investment programs. We work with each client on the cash flows of their entity to make sure that we have structured the portfolio to withstand not only their day-to-day cash flow needs, but also unexpected cash f(ows. We do thjs by making sure that portfolios not only have a proper amount maturing to meet those needs, but that we also purchase liquid investments that could be sold easily in the event of a cash need. We refer to this as the "Cash Policy". As we analyze cash flows of the City each month, we will monitor cash balances to make sure that they are in excess of the cash policy. This analysis allows us to utilize the regular maturities within the portfolio to ensure that the City always has plenty of cash to cover their upcoming obligations. 8 149
Technical Response
Coordlnita miturltlaimthth* Clty'i projected cash41ownsand collaborateannuallywtthstaffto rwlewind mine cash-flowfor*caiti.Th*Aaaountlng and Plnina* Managerwlll provide Ilquldityforeori aregularbuli.

Fluctuating cash flows are a routine occurrence with many of our clients. After safety of principal, liquidity is the second most important objective of our clients' investment policies. Hence, understanding and addressing a variety of cash flow streams is an important aspect of our work with our clients.

We assist our clients in developing a cash flow forecast, bringing to bear our extensive experience with public entities and utilizing our staff experience. Ongoing dialogue between the City and the Public Funds Advisor includes discussion of any upcoming liquidity in the core portfolio for any expected cash needs.

Meeder analyzes both historic and future cash flows in order to recommend a proper allocation amongst a cash porffolio and a core portfolio. The proper right-sizing ofthe investment portfolio facilitates meeting liquidity requirements.

When constructing a core portfolio, it is also important to build proper liquidity into the portfolio in order to meet unexpected cash needs and to provide flexibility in managing the funds. Typically, Meeder will accomplish this through a variety of avenues, using Treasury securities within the portfolio which can be readily converted to cash and utilizing short-term commercial paper. In addition, we structure the core portfolio with frequent maturities, which can provide funds to reallocate to the cash portfolio if needed. All of these can help create additional sources of liquidity.

I
When cash balances are seasonally high, we may recommend additional short-term investments tnatched to known upcoming cash needs such as operating expenses or debt service payments. Overall, the objective is to maximize the interest earned while making sure that funds are available to meet both expected and unexpected needs.

Buy and gall siuthor!Z-@ei seauritiot, on a delivery-versus-payment (DVP) baSiffl and rnainta!n documentation domorietratih@ be!at execution tor aii trades.

In order to ensure the best price/execution on all trades, we trade with a list of local and nationally recognized broker-dealer based on their reputation, competitive pricing, and trade execution. With access to over 40 broker-dealers. We only purchase securities at the best possible price.

Each transaction is documented and ticketed directly to the client for reconciliation purposes, and will include alternate quotes for that transaction. Additionally, each trade detail is sent separately to the custodian bank through Meeder's investment book of record through an automated process to ensure accurate and timely settlement of positions. GFOA best practices encourage at least 3 bids on each transaction.
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MEEDER
150
Technical Response
Conduct credit and eountarparty due dlllganc*, Includlng broker/dealer approval rm*wi and ongolng monltorlng of luu*ri, cuitodlal Initltutloni, and dapoaltory banks.

BROKER-DEALER DUE DILIGENCE
Meeder performs due diligence on all broker-dealers approved to conduct business with our trading desk on behalf of our clients. We trade with a vast array of primary and regional broker-dealers nationwide to ensure access to all of the City's eligible investment options at the most competitive pricing.

CREDIT RESEARCH
Our in-house research team monitors corporate issuers in the marketplace, determining our approved issuer list and keeping you appraised of any changes. Our dedicated research team conducts thorough analysis of corporate issuers, evaluating their financial health, creditworthiness, and market performance. Based on this research, we maintain an approved issuer list that guides investment decisions. Regular updates ensure that you are informed about any changes that may affect your portfolio.

CUSTODIAL INSTITUTION AND DEPOSITORY BANK

DUE DILIGENCE
Meeder will coordinate the review of the City's existing custodial and safekeeping relationship and assist with the establishment of a new custodial account if needed.

We know that portfolios do not stand alone. They have to be backed by strong procedures and controls. We offer advice and assistance in developing these internal support systems. We are able to assist the City with depository bank contract solicitation and review.

In addition to investment management, Meeder provides othersupport services, such as:
)) Development and evaluations of banking and merchant services RFPs (additional cost based on scope of project)
)) Development and evaluation of custody RFPs
)) StaffTraining
These will support the City's staff by leveraging our team and resources to expedite these lengthy and detailed processes.

MEEDER
Provlde ongolng market and economlc research, Imerest-rate outlooks, and scenario anilysesto support strategic daelslons.

We believe in providing the City staff with continuous updates as the markets evolve.

We providethefollowing to our clients:
)) Weekly Newsletter
)) Monthly Commentary
)) QuarterlyWebinars
)) Adhoc Credit and Economic lJpdates
These are designed to allow our clients to always have current market information at their fingertips should they desire it.
10 151
Technical Response
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MEEDER
Prepare quarterly performance and eompllanc* reports me@lng California Gov, Codeffi 53646 and provide rnonthlytraniactlon and holdlrig summaries, !aah quarterly report ahall Include portfolio composition, seetordlmrlbutlon,yield, duration, and performance v*rauatha approved b*nehmark, and shall Incorporate balances In LAIF orotherauthorlzed Invemment pools, We utilize Clearwater Analytics for our investment accounting and reporting. Clearwater is the world's leading investment accounting solution and provides the most trusted investment data aggregation, reconciliation, accounting, and reporting.
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ONLINEPORTAL
Clients receive online access to their investment accounts through their online portal where they can verify investment positions, daily activity, and investment income.

This portal is reconciled with the custodian on a daily basis.

MONTHLY
The monthly report provides an inventory of current holdings, including security description, cost basis, book value, market value and yield to maturity, along with the current month's activity including purchases, sales and income received. In addition, our statements will also have a projected cash flow schedule on all securities along with amortization and accrual schedules, and a summary detailing key portfolio characteristics and attributes.

PERIODIC
Periodic investment review reports inc(ude an economic update and a portfolio summary with portfolio metrics. Ad hoc reporting is provided upon request and is a normal part of our process as we customize services to meet clients' needs.

ANNUAL
On an annual basis, GASB reports are prepared for the client at fiscal year-end to assist with GASB reporting requirements and ACFR needs. The reports are structured to meet the requirements under GASB 31 Accounting & Financial Reporting for Certain Investments and for External Investment Pools, GASB 40 Deposit and Investment Risk Disclosures and GASB 72 Fair Value Measurement and Application. 11 152
Technical Response
Maintain a stairs onlln* portal for portfolio access arid performance inalytlca.

ONLINEPORTAL
Clients receive online access to their investment accounts through their online portal where they can verify investment positions, daily activity, and investment income.

The online portal provides a breakdown of the performance between income return and price return net of fees. This portal is reconciled with the custodian on a daily basis.

Provide annual strategy and pollay r*vl*w r*aomm*nditloni, At least annually, we will review the City's investment strategy, program, and policy to provide recommendations going forward. As changes occur with the economic environment, we will reevaluate the strategy and policy to provide recommendations that make sense for the City.

M*aA quirt*rlywlth Cltyitaffand, at Iaaat annually, with the City Council to present portfolio p*rformanaa and outlook.

We typically recommend monthly or quarterly meetings with the City Staff to review the portfolio strategy and discuss the City's cash flow. Jim McCourt, Director, Advisory Services, will lead these meetings. We are also able to attend meetings with City Council, at least annually, or as requested. Outside of the regular meetings with City staff, Jim will be accessible as often as needed to make sure the City is getting the service it desires.
zQC
MEEDER
Provlde, upon request and iubJadto mutual xhedullng, tralnlng for City maff on Inva+stm*m management ortrsmurytoplei r*lavsintto the Cl.'s portfollo.

At Meeder, we believe that empowering our c!ients through educatton is just as important as managing their investments. Training and education are woven int-o the fabric of our firm's culture, reflecting our commitment to transparency, knowledge- sharing, and partnership.

Our specialized focus on public funds investment management, combined with a deep bench of experienced professionals and robust resources, uniquely positions us to keep our public entity clients continuously informed. We go beyond basic updates-we provide insights that help you make well-informed decisions in a complex and ever- changing market landscape.

Clients benefit from a structured and consistent communicatfon cadence, including:

Weekly and Monthly Market
Commentary Emails
Clear, concise updates that keep you informed of key market trends and developments.

Quarterly Economic &
Market Update Webinars
In-depth briefings from our investment team that offer strategic insights and forecasts relevant to public fund portfolios.

Targeted Online Training
Seminars
Customized sessions offered throughout the year
to ensure your staff remains informed and confident in their understanding of market dynamics and
investment strategy.

Proactive Client Outreach Our team doesn't wait for questions -we reach out regularlyto checkin, provide updates, and ensure
you're equipped with timely information to navigate changing market conditions.
12 153
Technical Response
Ensure that all a*aurltlai are held In the City's name and safak*pt bythe Clty'a daalgnatadthlrd-party auitodlanHtha Minagerihill have rio austody ofaamta. All iaaurltl*iahall be held In the Clty% iceountwlth Its deslgnated custodian bank. The Invaatm*nt Managarwlll dfracttraniadloni on a delivery-versus- payment (DVP) bailithrough the cuitodlan.

Meeder Public Funds will not take possession of City funds and they will be held at the designated third-party custodian in the City's name. All transadions will be direct on a DVP basis.

Coordinate with City staff on Ilquldlty allocations bmwsn the portfollo and external investment pools iuah as lAIP or CAMP, aonilitantwRhth* Clty's oath-flown**di and pollay llmlts.

Meeder first analyzes historical cash flows to determine whetherthe core investment strategy fits the entity's needs. A portfolio strategy is created which may change regularly based upon the economic climate, fluctuating cash balances and timing of receiving revenues. Meeder's cash flow modeling reveals historical cash low points to determine a baseline cash policy. Hypothetical scenarios are run to project different variances, due to positive or negative flows into the portfolio, to optimize cash management. Over time, the amount invested in cash versus longer-term investments is adjusted to increase or decrease as the fiscal outlook changes.

Once Meeder understands the City's cash flow needs and seasonality of cash flow, Meeder structures investment portfolios to ensure funds are available to meet day-to- day operating expenses, together with future expenditures. Funds are invested using a combination of securities that balances the need for liquidity while maximizing return.

Pomolios are monitored dynamically to ensure the proper balance between invested balances and cash or equivalents, such as third-party money market mutual funds.

With a regular flow of maturities in the portfolio serving as backup liquidity, Meeder keeps the portfolio fully invested in order to maximize income and minimize cash drag.

Adit Cltymaffand external audltori durlng annual Invasitment eompllanz reviews by provldlrig portfolio data, raaonallfatlonito custodian statements, and iupportlng doaumintitlon as requested,
We are committed to working with City staff and external auditors to provide all necessary data and documents that will be needed for audits and presentations. zQC
MEEDER
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Customer
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Customer Seravice & Escalation Plan
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MEEDER
MPF is committed to serving our clients through our advisory, investment, and operations teams. Jim McCourt will serve as the City's primary contact and be responsible for ensuring all needs for the City's investment program are properly met.

MEEDER PUBLIC FUNDS ORGANIZATION CHART
I
110'
I
jASON HEADINGS, CMT
SVP, PUBLIC FuNDS
ADMIN. ASSISTANT
I REGIONALDIRECTOR. I

ADVISORY SERVICES

KATHERINE
ARNOLD
SR. RFP SPECIALIST

GABE PHILLIPS

DIRECTOR,

ADVISORY SERVICES
TONYA

DAZZIO, CCM

DIRECTOR,

ADVISORY SERVICES
GREG BALLS, CFAo

DIRECTOR,

ADVISORY SERVICES

CONSULTANT

BEN SEHY

DIRECTOR,

ADVISORY SERVICES
JONATHAN AZOFF, CTPo
SVP, PtlBLIC FLINDS
I I

FUNDS REPORTING
15 156
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Cybersecurity
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Protection
Summary
MEEDER
157
Cybersecurity and
Data-Protection Summary
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MEEDER
Meeder has developed, implemented and maintains a Cybersecurity and information security policy designed to protect the confidentiality of business, associate, client and shareholder information; comply with applicable legal and regulatory requirements; and secure the overall network and operating infrastructure to ensure continuous Meeder operations.

The key components ofthe policy include:

Governance
Risk Assessment
Cybersecurity Framework
Inventory
Data Management
Network Management and Segmentation
Access Controls
Monitor, Protect, Detect and Mitigate
Respond, Remediate and Recover
Vendor Oversight
Training and Education
Testing
Annual Review
Our policy is a living document that is reviewed and updated at least annually. However, we also perTorm updates whenever there are significant changes to our operations, technology, or external environment. We actively seek feedback from testing exercises and real incidents to continuously improve our plan's effectiveness.

Meeder maintains a cybersecurity policy issued through Everest Insurance. '1.
17 158
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Implementation
Plan &Timeline
159
implementation Plan & Timeline
MEEDER
The below implementation outline details an approximate timeline of tasks and responsibilities for what can be expected at the start of the engagement as well as ongoing.

FROM SIGNED CONTRACT
Weeks 1-2
Monthly
Quarterly
Execute Investment Agreements/Documents
Onsite Meeting with the City to reporting and information deliverables
Investment Policy review
Notification letter to custodian
)) Custodian will then set up access for Meeder
(may take up to one week)
Provide historical cash flow information
Historical cash flows analyzed
Provide current holdings/statement of positions
Analysis of current portfolio
Provide City with draft reports
Meeder presents recommended strategy
Strategy calls/meetings to discuss economic/market conditions, portfolio structure/composition, strategy, California Government Code changes, and other pool related items
Strategy meetings at the City's discretion

CITY OF

SOUTH GATE
%/
J
MEEDER
i
:!

REPORTING
Holdings Statement
Transaction Summary
Economic/Portfolio Update
GASB Reporting Assistance
Staff Training/Education

CADENCE
Monthly
Daily/Monthly
Quarterly
Annually
Annually
19 160
Lkk
MEEDER

PIIBLIC PIINDS
161
Fee Proposal
Foes should be gpr*u*d as bails polnti (bps) on aum under management, Incluslve ofall costs, Fixed prleefaas should be Itamlzad.
tQQl
MEEDER
, I 'A 11jll Ijl i i i, II 81 jFj
Tp
Meeder proposes the below asset-based fee.
$0-$50million O.08%
$50-$100million O.06%
Over$lOOmillion 0.04%
The investment advisory fee shown above is inclusive of all fees associated with the management ofthis account and the services listed below.

INCLUDES )) InvestmentPolicyReview )) ComplianceMonitoring )) Cash Flow Analysis )) Credit Analysis
)) Portfolio Management )) Online Portal
)) Reconciliation )) Meetings
)) Reporting-Monthly,Quarterly,Annual )) StaffTraining/Education )) Best Execution
Unless otherwise requested, fees are paid monthly in arrears and deducted directly from the custody account. , _ - ........ .._ ... ......... . ... ._ _ _.... ail I I Ill liii _ IJ_ 11111 Ull_ ..L.l_ll 11Lllllml' # 110€ I i,,, , 11111111 1111111111111111111 lilnaallll -l" lluffl11lT'llMThlfflllfflllmll1nuaaailllll u II I I 21 162
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163
References
MEEDER
Minimum of three municipal clients.

CITY OF IRVINE, CA
Contact: Don Collins, Treasurer
Phone: 866.579.2871
Email: [email protected]

CITY OF SANTA ANA, CA
Contact: Alexander Trinidad, Assistant Director
of Finance
Phone: 714.647.5295
Email: [email protected]

CITY OF GARDEN GROVE, CA
Contact: Patricia Song, Finance Director
Phone: 714.741.5062
Email: [email protected]

IRVINE RANCH WATER DISTRICT, CA
Contact: Neveen Adly, Executive Director of Finance and Administration
Phone: 949.453.5350
Email: [email protected]
at-OII

CITY OF LIVERMORE, CA
Contact: David Doyle, Accounting Supervisor
Phone: 925.960.4352
Email: [email protected]
23 164
Legal &
Contract
Exceptions
(if any)
MEEDER
I'LIIILIC FllNtlS
165
Lega[ & ContracL Exceptions (if any)
MEEDER
Meeder would like to include our terms of service as an exhibit to the agreement. Attached in the appendix is a copy of our terms of service.
166
o
o
167
Proposal Questionnaire
A. Generag Firm Information
MEEDER
Provlde the flrm'i legal name, headquarters loeatlon, md tm offlaethitwlll ianethaClty,

ABOUT MEEDER PUBLIC FUNDS
Founded in 1990,
advising public entities
for 35 years
1990
Among the largest managers
of publtc funds in the
United States
fUeeder Investment Management,
parent company of
Meeder Public Funds, Inc.

Meeder Public Funds has assets
under advisement of over
$165 billion as ofl2/31/24'
S185B"
Partner to 400+ public
entities nationwide
Customized solutions for:

Cities, counties, states, and townships
School districts, libraries, and higher
education institutions
Special district and municipal authorities
Specialized expertise in
managing both operating
and project funds
Long-standing history of
investing public funds
in California
National presence with offices in:
)) Columbus, Ohio (Headquarters)
Long Beach, California
Austin, Texas
Denver, Colorado
Lansing, Michigan
Las Vegas, Nevada
Salt Lake City, Utah g 9 i
Underthis agreement, two
of our office locations will
pro<zide services. Our California
and Ohio offices will manage
client engagement, customer
services, and communications.

All investmentactivitywilltake
place at our Ohio office.
"Assets under advisement consist of $59.25 billion of regulatory assets under management for which Meeder Public Funds provides continuous and regular investment management services as disclosed in the Form ADV and $507.75 billion of non-discretionary ASSETS as to which Meeder Public Funds provides strategic advice or consultation but does not have the authority to effectuate transactions. 27 168
Proposal Questionnaire
A. General Firm Information
MEEDER
Descrlbathe flrm'i hlstory, ownarshlp itruature, and any afflllatlons that may present a confffd of Interest, Meeder Investment Management is a privately-owned financial services corporation. Today the firm employs more than 130 associates. Meeder offers a complete range of'fixed income, cash management, and equity investment strategies and solutions through three SEC registered investment advisers that are wholly owned subsidiaries:

Meeder Public Funds, Inc., Meeder Asset Management, Inc., and Meeder Advisory Services, Inc. Other affiliates owned by Meeder Investment Management include Mutual Funds Service Company, a transfer agency, Meeder Distribution Services, a broker-dealer, and Meeder Funds, a registered investment company. 169
Proposal Questionnaire
A. General Firm Information
lk<u
MEEDER
Provide a aurrant orginlzatlonal chart Identlfylng departments Involved in publlcfunds management.

MEEDER PUBLIC FUNDS ORGANIZATION CHART

BOB MEEDER

PRESIDENT & CEO
I REGIONALDIRECTOR. I

ADVISORY SERVICES
JAS)ON HEADINQs,cvr
SVP, PUBLIC FuNDS

RACHAEL

BROYLES

PUBLIC FUNDS
ADMIN. ASSISTANT
JIM McCCkJRT, CFA'

DIRECTOR,

ADVISORY SERVICES
I

KATHERINE
ARNOLD
SR. RFP SPECIALIST

GABE PHILLIPS
DIRECTOR.

ADVISORY SERVICES
i ADVISORYSERVICES i
TONYA

DAZZIO, CCM

DIRECTOR,

ADVISORY SERVICES
GREG BALLS, CFAa

DIRECTOR,

ADVISORY SERVICES
i ADVISORYSERVICES i

CONSULTANT

BENSEHY

DIRECTOR,

ADVISORY SERVICES
JONATHAN AZOFF, CTPa
SVP, PUBI IC FuNDS

JASON SZABO, CFA'
'DIRECTOROF

FIXEDINCOME -
I

DAVID KLINK,

CFA' CAIA'

DIREC'TOR OF

CREDIT RESEARCH
JACOB
.BILLHARTZ,CPA!
PORTFOI:IOMANAGER
ROBERT

TECHENTIN

PORTFOLIO M ANAGER

FUNDS REPORTING
29 170
Proposal Questionnaire
A. General Firrrm Inforrriation
ioantify boy pergorinoi tei be ag;aigh*a, ineludinq pomoyio mariagers, AM!yQts, arie! l'@lMtiOliUhip lYihlih9erei WitH bri@l biOg and tenure, !
!
LIIM MCCOURT, CFA"

DIRECTOR, ADVISORY SERVICES
Chartered Financial Analyst
Capital University, MBA
The Ohio State University, B.S. Financial Management Over 16 years of investment management experience Joined Meeder in 2018
Jim's experience includes over a decade on the fixed income trading desk and his current responsibilities at Meeder include client relationship management, business development, and working directly with our clients to implement investment strategies best suited for their entity. He is also a frequent speaker at conferences and seminars relating to all aspects of public funds investment management.

MEEDER
Email: [email protected]
171
Proposal Questionnaire
A. General Firm Information
,!,Q,Qn
MEEDER
r
!
!
7 r
3 ii
ii
I

PAULINA WOO

MANAGING DIRECTOR, ADVISORYSERVICES
University of California, Berkley, Master of Arts in History )) UniversityofTexasatAustin,BachelorofArtsinAncientHistoryandHistory Over 17 years of investment advisory and treasury management experience Joined Meeder in 2025
Paulina Woo serves as Managing Director, leading teams that deliver customized investment solutions for municipalities, nonprofits, and institutional investors.

She brings more than 17 years of experience providing investment advisory and treasury management services to institutional and government clients across the western United States. Paulina is active in several public finance associations and frequently speaks on investment strategy and risk management.

Email: [email protected]
172
Proposal Questionnaire
A. General Firm Information
l/ IS
MEEDER
Inves'l:menf: Team
ff
JASON SZABO, CFA"

DIRECTOR OF FIXED INCOME
Chartered Financial Analyst
The Ohio State University, B.A. Economics
Over 10 years of investment management experience Joined Meeder in 2015
Jason leads the Meeder Public Funds Investment Management team. He is responsible for oversight of the implementation of our strategies and trade execution analysis. Jason serves as Chair of both our Investment and Credit committees, as well as serving on the Trading and Best Execution Committee.

Jason is highly experienced with the S&P PSFR methodology and GASB 79.

Email: [email protected]
DAVID KLINK, CFr, CAlr

DIRECTOR OF CREDIT RESEARCH
Chartered Financial Analyst
Chartered Alternative Investment Analyst
The Ohio State University, Fisher College of Business, M.B.A. )) Case Western Reserve University, B.A. Economics Over 12 years of investment management experience Joined Meeder in 2024
David is responsible for the ongoing monijoring and research requirements related to the firm's credit exposures as well as leading our research into possible areas of expansion to the Approved Issuer List. David joined Meeder from the Huntington National Bank, where he held various roles in the Private Bank, including Portfolio Manager and Assistant Vice President, Senior Equity Analyst.

While at Huntington, David covered a broad range of sectors, including Financials, Consumer Discretionary, Industrials, Healthcare, Energy, and Communication Services. Prior to Huntington, David worked at a sell-side research firm, conducting equity research across sectors, and at a private equity firm.

Email: [email protected]
173
MEEDER
Proposal Questionnaire
Ai. Generaf Forth Information
wa Investment Team (continued) An
iil

AMISHA KAUS

PORTFOLIO MANAGER
JACOB BILLHARTZ, CFr

PORTFOLIO MANAGER
t"k
Indiana University of Pennsylvania, M.B.A.

Indiana University of Pennsylvania, B.S. Finance
Over 15 years of investment management experience Joined Meeder in 2015
Amisha is responsible for management and execution of public fund client accounts. She previously managed fixed income portion of Meeder funds, separately managed accounts and model portfolios, conducted sector and security research, and developed proprietary quantitative models.

Email: [email protected]
Chartered Financial Analyst
Western Kentucky University, B.S. Economics and B.S. Finance Over 9 years of financial services and investment management experience Joined Meeder in 2019
Jacob is responsible for managing and trading public fund client accounts and contributing to economic research. Jacob is involved in developing recommendations to our investment strategies. He also oversees the analysts on the investment team.

Email: [email protected]
D*iarlb*th*flrm% primary r*v*nua sources (*.g., Investment mariagement, advisory, underwrltlng, brokerage) and any that could pruant pot*ntlil aonfllati of Interest.

Meeder Public Funds acts solely as an SEC registered investment adviser and derives 100% of its revenue from direct fees from its public entity clients. In certain situations, Meeder may recommend the use of an affiliated product for sweep or cash management purposes to its public clients. Because affiliates of MPF provide services to these products and earn advisory, transfer agency and administration fees, recommendation of the affiliated product presents a conflict of interest. MPF fully discloses this relationship to its public clients before recommending the product. MPF does not exercise discretion to select affiliated products for a public client. 174
Proposal Questionnaire
B. Experience and Qualifications
MEEDER
Describe your firm's relevarit experi*rice providing discretionary investment management to CaliforrNa public agencies.

Meeder Public Funds is very familiar with California Government Code Section 53601 Meeder's experience includes:
working with California entities for over 25 years. Reviewing and updating investment policies on an annual basis is part of our commitment to our clients, and this will be completed on behalf ofthe City each year.

Managing short- to intermediate-term fixed income pomolios for California cities and other public entities;
Meeder Public Funds manages, advises, and consults with over 35 California entities ranging from $30 million to over$15 billion in portfolio size.

Meeder's team has extensive experience reviewing and editing California investment policies. Members of the Meeder team have served associations that have reviewed and certified investment policies. Meeder is a member of various associations across the state including CSMFO and CMTA.

Our discretionary management approach emphasizes safety, liquidity, and competitive yield-the three primary objectives for public funds management. Acting in fiduciary capacity, we assume full responsibility for day-to-day investment decisions within the parameters established by each client's investment policy. This includes security selection, portfolio structure, risk management, and ongoing compliance monitoring.

Implementing strategies that comply with the State's legal investment requirements and local policy constraints;
Providing customized reporting, including performance metrics, sector allocations, and credit quality ana(ysis consistent with Government Code and GASB requirements; and
Supporting clients through ongoing education, market updates, and participation in investment committee and council presentations.

Through our discretionary management services, we outline parameters and targets for investing, based upon future cash flow needs and the current economic outlook, and then execute strategy. We recommend monthly calls to discuss the portfolio, which allows the City's team to stay in touch with the structure and economic conditions. 175
Proposal Questionnaire
B. Experience and Qualifications
MEEDER
list Cialiforriia publia-a*ator clients currently under eontraat, Ineludlng marketvalu* ofau*ts managed, length of relationship, and ell*nt references.

Below is a complete list of California Client Meeder Public Funds works with. We are happy to provide more references if requested.

ALAMEDA CORRIDOR

TRANSPORTATION AUTHORITY, CA
Client since 2025
Assets: $2T7 million
Contact: Phillip Lee
Phone: 562.247.7077
Email:[email protected]

COUNTY OF ALAMEDA, CA
Client since 2019
Assets: $9.3 billion
Contgct: Vishal Thacker
Phone: 510.272.6837
EmaOl: [email protected]

CITY OF ALISO VIEJO, CA
Client since 2019
AssetS: $50 million
Contact: Ann Eifert
Phone: 949.425.2520
Email: [email protected]

CITY OF ANAHEIM, CA
Client since 2016
Assets: $706 million
Contact: Deborah Moreno
Phone: 714.765.4651
Email: [email protected]

COLUSA COUNTY, CA
Client since 2025
Assets: $185 million
Contact: Cindy Dillard
Phone: 530.458.0440
Email: [email protected]

CITY OF COMMERCE, CA
Client since 2025
Assets: $136 million
Contact: Alvaro Castellon
Phone: 323.722.4805
Email: [email protected]

CITY OF DINUBA, CA
Client since 2025
Assets: $20 million
Contact: Karina Solis
Phone: 559.591.5900 ext.117
Email: [email protected]

FOUNTAIN VALLEYSCHOOL

DISTRICT, CA
Client since 2025
Assets: $30 million
Contact: Pooja Shah
Phone: 714.843.3249
Email: [email protected]

COUNTY OF FRESNO, CA
Client since 2016
Jl55Bi5: $6.8 billion
Contgd: Karoll Diaz
Phone: 559.600.1336
Email: [email protected]

CITY OF GARDEN GROVE, CA
Client since 2020
Assets: $399 million
Contact: Patricia Song
Phone: 7W.7415062
Email: [email protected]

CITY OF GRIDLEY, CA
Client since 2024
Assets: $12 million
Contacti Elisa Arteaga
Phone: 530.846.5695 ext. 223
Email: [email protected]

CITY OF HANFORD, CA
Client since 2024
Assets: $M2 million
Contact: Destiny Borba
Phone: 559.585.2503
Email: [email protected]
176
Proposal Questionnaire
B. Experience and Qualifications
MEEDER

IRVINE RANCH WATER DISTRICT, CA
Client since 2025
Assets: $349 million
Contact: Jennifer Davis
Phone: 949.453.5361
Email: [email protected]

CITY OF IRVINE, CA
Client since 1995
Assets: $1.3 billion
Contact: Don Collins
Phone: 949.719.3237
Email: [email protected]

COUNTY OF KERN, CA
Client since 2017
Assets: $6.7 billion
Contact: Brandon Carter
Phone: 661.868.3415
Email: [email protected]

CITY OF LAGUNA BEACH, CA
Client since 2024
Assets: $143 million
Contact: David Kiff
Phone: 949.497.0351
Email: [email protected]

CITY OF LIVERMORE, CA
Client since 2022
Assets: $351 million
Contact: David Doyle
Phone: 925.960.4352
Email: [email protected]

CITY OF LONG BEACH, CA
Client since 2024
Assets: $2.3 billion
Contact: Hank Kim
Phone: 562.570.6138
Email: [email protected]

CITY OF LOS ANGELES, CA
Client since 2011
Assets: $14.7 billion
Contact: Tom Juarez
Phone: 213.978.4039
Ernail: [email protected]

CITY OF LYNWOOD, CA
Client since 2011
Assets: $53 million
Contact: Sheila Harding
Phone: 310.603.0220 ext. 615
Email: [email protected]

COUNTY OF MADERA, CA
Client since 2022
Assets: $1 billion
Contact: Tracy Kennedy
Phone: 559.675.7713
Email: [email protected]

METROPOLITAN TRANSPORTATION

COMMISSION, CA
Client since 2024
Assets:$562 million
Contact: Russell Yuen
Phone: 415.778.6732
Email: [email protected]

COUNTY OF MODOC, CA
Client since 2025
Assets: $68 million
Contact: Macey VonRader
Phone: 530.233.6223
Email: [email protected]

MONTE VISTA WATER DISTRICT, CA
Client since 2025
Assets: $20 million
Contact: Stephanie Reimer
Phone". 909.624.0035
Email: [email protected]

PARADISE IRRIGATION DISTRICT, CA
Client since 2022
Assets: $87 million
Contact: Darleen Sowers
Phone: 530.876.2050
Email: [email protected]

PARADISE RECREATION & PARKS

DISTRICT, CA
Client since 2022
Assets: $33 million
Contact: Dan Efseaff
Phone: 530.872.6393
Email: [email protected]

TOWN OF PARADISE, CA
Client since 2020
ASsets: $180 million
Contact: Aimee Beleu
Phone: 530.872.6291 est. 119
Email: [email protected]

CITY OF REDONDO BEACH, CA
Client since 2013
AssetS: $67 million
Contact: Eugene Solomon
Phone: 310.387.5517
Email: [email protected]
36 177
Proposal Questionnaire
B. Experience and Qualifications

CITY OF RIVERBANK, CA
Client since 2024
Assets: $36 million
Contact: Tammy Alcantor
Phone: 209.863.7112
Email: [email protected]

CITY OF SAN RAMON, CA
Client since 2010
Assets: $80 million
Contact: Kelly Sessions
Phone: 925.973.2576
Email: [email protected]

CITYOFSANTA ANA,CA
Client since 2025
Assets: $345 million
Con'tact: Alexander Trinidad
Phone: 714.647.5295
Email: [email protected]

COUNTY OF SANTA CLARA, CA
Client since 2013
ASsets: $9.3 billion
Contact: Brett Thunstrom
Phone: 408.299.5209
Email: [email protected]

CITY OF SANTA MONICA, CA
Client since 2025
Assets: $693 million
Contact: Oscar Santiago
Phone: 310.458.8281
Email: [email protected]

COUNTY OF SIERRA, CA
Client since 2025
Assets: $32 million
Contact: Jenny Varn
Phone: 530.289.3286
Email: [email protected]

COUNTY OF TEHAMA, CA
Client since 2022
Assets: $70 million
Contact: Parker Hunt
Phone: 530.527.4535
Email: [email protected]

CITY OF VACAVILLE, CA
Client since 2020
Assets: $321 million
Contact: Ken Matsumiya
Phone: 707.449.5180
Email: ken.matsumiya@cityofvacaville.
com

CITY OF WHITTIER, CA
Client since 2016
Assets: $259 million
Contact: Alice Hui
Phone: 562.567.9836
Email: [email protected]
MEEDER
178
Proposal Questionnaire
B. Experience and Qualifications
Provide a siummary oftmal initltutional aunts under marmgam*nt (pubflcand non-public), dlstlnguishfng disarmionaryfrom non=diseirmlonary aaaounti.

As ofl2/31/24, Meeder Public Funds had assets under management of$59.2 billion.

Discretionary $46,615,901,608 Non-Dtscretionary $12,636,804,510 Provide detalli on any regulatory or legal adlons wlthln the laitflveyears Involvlng yourflrm or key employees.

Neither Meeder Public Funds nor any of its employees has been subject to any regulatory censure or litigation.

Provld* QIPS-aompllant performance datafor raprei*ntatlva short-duraUon fixed-Income portfolloi ovarl, 3, 8, and 10 years (oralna* !nceptlon).

The firm does not currently claim compliance with GIPS standards and does not present returns in accordance with those standards.

The following table contains composite performance returns for the Public Funds 0-5 years core composite comprised of all institutional accounts invested in a diversified portfolio of fixed income securities with maturities or durations between 0 and 5 years. 1 Year
Public Funds 0-5 Year Core (Gross)
Public Funds 0-5 Year Core (Net)
ICE BofA 0-5 year US Treasury Index

3.98%

3.82%

3.91%
3 Year 5 Year 10 Year

5.10%

4.94%

4.52%

1.89%

1.74%

1.51%

1.63%

1.52%

1.64%
Since Inception
7/1/2014

1.84'/o

1.68%

1.74%
Investment performance assumes reinvestment of all divided and capital gain distributions. The performance data shown is for the composite portfolio, individual clients may experience different results from those shown here and current performance ofthe composite may be higher or lowerthan the performance presented. Past performance is not a guarantee of future results.

The composite is valued monthly, and returns are calculated using the asset-weighted method for all fully discretionary accounts in the composite.

Gross returns are presented before management and custodial fees but after all tradirug expenses. Net returns are calculated by reducing goss returns on a monthly basis by the highest applicable fee in the composite fee schedule.

MEEDER
179
Proposal Questionnaire
C. Investment Management Approach
aQ..

MEEDER
D*aar!be your investment philosophy and how It appll*i to local govarnrnssnt oparatlng funds.

As an institutional fixed income manager, our primary investment objectives are to provide safety of principal and liquidity appropriate to each Public Client's cash flow needs while maximizing yield. We tailor our advice to each Public Client, utilizing all investments permissible under the applicable state investment code and the Public Client's investment policy.

We use a combination of quantitative and qualitative methods of analysis to develop investment strategies for our Public Clients. Each recommended portfolio strategy includes duration and asset allocation targets for securities in the portfolio.

Pomolios are constructed and positioned to enhance performance through duration management as deemed appropriate for the anticipated interest rate environment.

We utilize proprietary models designed to evaluate the direction of intermediate-term interest rates and select an overall duration target for a Public Client's portfolio. Short- term interest rate models are also utilized to structure purchases within the portfolios, helping to identify opportunities within the marketplace to maximize interest income for our clients.

Within each available asset class, we rely on a disciplined qualitative approach to select fixed income securities for Public Client portfolios. Considering credit risk and other fundamental factors, we select securities and issuers expected to optimize return potential within the applicable investment guidelines and restrictions.

Meeder regularly reviews and analyzes portfolio allocation and securities selection for its clients in light of current market conditions. When making changes to portfolios, we consider the impact on cash flows, average duration of the portfolio, and the portfolio's investment return over time. We monitor our portfolios for portfolio risk and make changes where equivalent earnings can be obtained with less risk.

Dascrlbe your portfollo eonmruetlon and duratlon management approach.

Customized Portfolios

CORE STRATEGY
Portfolio construction begins with Meeder's core strategy, based on the current outlook and analysis ofthe marketplace. Entity-specific portfolios are custom built based on needs, risk tolerances, investment policy, or other restrictions or requests.

STRATEGIC PROCESS
Meeder first analyzes historical cash flows to determine whether the core investment strategy fits the entity's needs. A portfolio strategy is created which may change regularly based upon the economic climate, fluctuating cash balances and timing of receiving revenues. Meeder's cash flow modeling reveals historical cash low points to determine a baseline cash policy. Hypothetical scenarios are run to project different variances, due to positive or negative flows into the portfolio, to optimize cash management. Over time, the amount invested in cash versus longer-term investments is adjusted to increase or decrease as the fiscal outlook changes.

RIGHT-SIZING
Meeder's investment approach looks at the entire financial picture of an entity and the confluence or multiple portfolios. We determine how to invest the portfolio together with how much should be invested, how long, and whether the entity's bank/LGIP rates are competitive. Meeder right-sizes the core investment portfolio to:

Prudently structure a consistent maturity schedule
Monitor seasonal cash trends and investment balances, along with daily cash inflows and outflows
)) Efficiently manage cash and attain proper positions for ongoing, long-term benefit Minimize idle and low-yielding funds due to uncertainty around revenues and expenses
39 180
Proposal Questionnaire
C. Investment Management Approach
zn
MEEDER
SAFETY
Meeder's investment pmcess provides safety by limiting investments to high quality Fixed income securities issued by the US Treasury, US Government agencies and instrumentalities, and high-quality commercial paper and credit issuers. Issuer-specific research on credit issuers/commercial paper issuers provides additional levels of due diligence by providing only the highest-quality issuers. Meeder's extensive dealer network is used by its trading desk to source and execute all investment transactions.

Meeder's trading desk searches for and executes investment transactions at the best price/highest yield for each client, based on the needs of the portfolio and the relative value of each asset class.

Explain your ar*dlt review and ongolng monitoring proe*u. What procedures ar*follow*d If imaurltyfalli balowtha mlnlmum ratings requlrad by Callfornli law orttm City's Invutm*nt Polley.

We incorporate a broad spectrum of market data and issuer-specific information through the following channels:

Bloomberg Utilized to track and oversee issuer-specific Fundamental metrics, news updates, and trading metrics, as well as perform data analysis for issuers, markets, and economic indicators.

LIQUIDITY
Meeder structures investment portfolios to ensure funds are available to meet day-to- day operating expenses, together with future expenditures. Funds are invested using a combination of securities that balances the need for liquidity while maximizing return.

Portfolios are monitored dynamically to ensure the proper balance between invested balances and cash or equivalents, such as third-party money market mutual funds.

With a regular flow of maturities in the portfolio serving as backup liquidity, Meeder keeps the portfolio fully invested in order to maximize income without sacrificing available liquidity.

Standard & Poor's
Capital IQ
Company Investor
Relations
Used to monitor the overarching methodology framework related to regions, sectors, and issuers.

Access issuer-supported websites for investor presentations, annual and quarterly financial reports, regulatory disclosures, and governance compliance information.

PERFORMANCE MONITORING
The portfolio strategy is reviewed daily to ensure it remains aligned with market conditions. Formal investment policy and strategy meetings are conducted monthly or as needed to ensure the strategy is tracking with the economic environment. Regular discussions are also scheduled based on marketplace developments and events.

Capital Market
Research
Obtain geopolitical, economig and sector insights From capital market professionals.

COMPLIANCE MONITORING
Meeder employs an industry-leading compliance monitoring and reporting system, Charles River. This compliance suite supports compliance rule-building, testing and maintenance, customizable reporting, and a complete audit history. A powerful data administration facility helps monitor and improve data quality. The scalable compliance engine supports high volumes oftrades and compliance rules. This allows Meederto ensure full legality with the entity's investment policy, state codes, GASB and GAAP report standards, and other applicable laws, rules, and regulations.

Industry-Sponsored Participate in sector and issuer-specific investor events Events
181
Proposal Questionnaire
C. Investment Management Approach
MEEDER

FREQUENCY OF CREDIT ANALYSIS
To uphold the credibility of Approved Issuer Lists, continuous monitoring is conducted on all approved issuers to assess the influence of evolving economic, competitive, financial, and strategic circumstances. Consequently, the written credit documentation for each issuer is revised as needed to incorporate any fresh insights stemming from earnings announcements, merger and acquisition activities, management transitions, strategic declarations, regulatory actions, and so forth, which could significantly affect the team's credit risk assessment. At a minimum, an annual written report is mandatory.

DESCRIPTION OF CREDIT REPORTS
Issuer-specific analytical reviews comprise an independent, written summary that consolidates the analysis of various metrics, including but not limited to:

Analytical examination of pertinent global and regional geopolitical conditions, focusing on governing leaders, legislative initiatives, and political stability.

Analytical review of relevant global and regional macroeconomic conditions, emphasizing factors such as growth, inflation, central bank actions, and the stability of capital markets.

Analytical assessment of the industries in which issuers operate, with a focus on business cycles, innovations, emerging risks, and market position.

Analytical evaluation of issuer fundamentals, giving attention to the identification of business strengths, risks, financial stability, profitability, solvency, liquidity, and overall business viability.

Analytical scrutiny of an issuer's board, senior management, corporate governance practices, financial risk management, competitive strategy, and the execution of said Strategy
)) Analytical review of an issuer's Environmental, Social, and Governance (ESG) policies, with consideration of their implications for strategy, business continuity, and financial performance.

Analytical assessment of rating agency perspectives and opinions and their potential impact on investment value.

CREDIT DOWNGRADE
Meeder maintains a Credit Committee which constantly evaluates the securities quality including creditworthiness. If unforeseen circumstances arise whereby a security is downgraded, Meeder will work with the client to identify a solution in compliance with the investment policy and state code.

Describe howyou aahm* beat mcutlon and howtrad*i are approved, prlced, and idled,
In order to ensure the best price/execution on all trades, we trade with a list of local and nationally recognized broker-dealers based on their reputation, competitive pricing, and trade execution. With access to over 40 broker-dealers, we pride ourselves on our abilityto utilize this extensive net work to Find the best securities and pricing for our clients. Our team leverages systems such as Bloomberg and MarketAxess, and our internal Charles River order execution platform to source securities and place trades.

The objective of the trading desk is to execute the investment transactions at the best price/highest yield for each client. Meeder's extensive dealer network is used by our trading desk to source and execute all investment transactions. Based on the needs of each client's portfolio and the relative value of each asset class, the trading desk will then search for the best securities across the dealer network. The trading desk will also negotiate prices if they determine that a security is mis-priced. Each transaction is documented and ticketed directly to the client for reconciliation purposes, and will include alternate quotes for that transaction. Additionally, each trade detail is sent separately to the custodian bank through Meeder's investment book of record through an automated process to ensure accurate and timely settlement of positions.

TRADING AND BEST EXECUTION COMMITTEE
The purpose of the Meeder Investment Management Trading & Best Execution Committee is to ensure that the firm fulfills its fiduciary duty to seek best execution when trading securities on behalf of the firm's clients, including investment companies, institutional and retail customers. The Committee shall have authority to recommend and approve broker-dealers to execute transactions on behalf of firm clients; enforce firm policies and procedures governing best execution of transactions; and report deficiencies in these programs to the Meeder Funds Board of Trustees and firm management.
41 182
Proposal Questionnaire
C. Investment Management Approach
MEEDER
Daaarlbaiyour proa*ufor monitoring llquldlty, credit risk, and dlv*riHlaatlon.

RISK MANAGEMENT
With over 30 years of providing customized investment advisory services to public entities, Meeder employs a highly disciplined investment style. Our investment philosophy centers on providing consistent solutions to meet the ever-changing needs of our clients.

We accomplish this through highly quantitative, model guided investment strategies. The investment process seeks to mitigate portfolio risk in a variety of ways. Below are some ofthe main risks we address through ourinvestment process:

Liquidity Risk We work with each client on the cash flows of their entity to make sure that we have structured the portfolio to withstand not only their day-to-day cash flow needs, but also unexpected cash flows. We do this by making sure that portfolios not only have a proper amount maturing to meet those needs, but that we also purchase liquid investments that could be sold easily in the event of a cash need.

Duration Risk Our quantitative models consider interest rate spreads and current economic factors to determine optimal positioning of the investments. This allows for efficient portfolios and active management to hedge away forward movement of rates and minimize shocks to the portfolio caused by movements in interest rates.

Credit Risk All issuers undergo additional tests by our dedicated credit team to ensure they meet our strict credit quality metrics beyond what the state statute and the client's investment policy allows. These tests create stress scenarios to evaluate each issuer's ability to withstand extreme situations and must have strong liquidity ratios prior to us approving them for purchase.

Reinvestment Risk Our investment process is designed to ensure that pomolios always have regular maturities and cash flows to minimize the risk that a significant pofion of the portfolio would be subject to reinvestment in lower yielding securities or subject to adverse market conditions. This also allows the yield of the portfolio to steadily rise as are reinvested at higher rates during a rising interest rate environment.

Concentration Risk We work to limi't any one individual security from negatively impacting the portfolio by diversifying asset classes within the portTolio, and by limiting the percentage any one corporate issuer represents in the portfolio to not exceed 5% or a lower percentage as outline in an investment policy.

DIVERSIFICATION
Meeder can incorporate all
permissible investments
allowable under applical:ile
statute and the City's
investment strategy, including
US Treasur'ies, US Government
Agencies, Municipal Bonds,
FDIC-insured Certificates
of Deposit, Commercial
Paper, and Corporate Notes.

Additionally, we provide advice
to the City's staff regarding the
best liquid investment options
held outside of the custody
account.
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Proposal Questionnaire
C. Investment Management Approach
Id*ntlfyyour raaomm*ndad banchmarkfori$lOO+ million Cillfornlaoparatlng portfolio.

Meeder has extensive experience developing benchmarks for operating funds and pooled funds of public poiolios. Working with over 400 entities, each have their own restrictions and investment structures that are unique. Benchmarks can be customized or follow a stated index. Based upon the characteristics of the entity's policy and program objectives, Meeder would recommend a yield-based method for comparison of the portfolio to the market. We believe a yield-based method is representative of the actual return earned by the City as it excludes unrealized gains and losses which are included in the total return measure. We have developed benchmarks for several of our clients and typically recommend utilizing the 2 year CMT. This measure often resembles the average maturity of many of our managed portfolios and creates a benchmark that moves in a manner similar to the overall strategy of the portfolios.

Meeder works with each of its clients to help them review the best performance measurement over time. While we believe yield-based benchmarks are the most appropriate for public entities, due to the focus on income, we can also construct total return benchmarks if that is the preference of the City. For clients who prefer to utilize a total return measurement of their portfolio, we typically recommend the ICE BofA 0-5 year US Government Index because of the similarities in duration and asset composition. i.Q,Qx
MEEDER
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Proposal Questionnaire
C. Investment Management Approach
MEEDER
If i*l*at*d, d*iarlb* your 60-diytrirmitlon and Implementation plan forasmumlng minagemantoftha Clty'i portfolio.

Meeder Investment Management has a well-defined and structured transition process designed to ensure a smooth, transparent, and efficient assumption of portfolio management responsibilities.lfselected, we will workclosely yith City staff, custodial bank, and any incumbent advisors to facilitate a seamless transfer of assets and establish afully operational investment program within 60 days.

PHASE

INITIAL PLANNING AND

COORDINATION
Kickoff Meeting: Conduct an introductory meeting
with City staff to review objectives, reporting needs, and operational preferences.

Document Review: Obtain and review the City's
Investment Policy, current portfolio holdings,
custodial arrangements, and relevant contracts or
reporting templates.

Implementation Schedule: Develop and deliver
a detailed transition timeline with milestones,
responsibilities, and communication protocols.

Compliance Alignment: Confirm portfolio
compliance with the California Government Code,
Sections 53600 et seq., and the City's Investment Policy. -
PHASE

PORTFOLIO ASSESSMENT

AND TRANSITION
Portfolio Analysis: Conduct a thorough assessment
of existing holdings to evaluate credit quality,
liquidity, market conditions, and suitability under the City's policy.

Transition Plan: Prepare a written transition strategy, including recommended security sales, purchases,
and restructuring steps designed to optimize
performance while minimizing transaction costs and market impact.

Custodial Coordination: Work directly with the City's custodian to establish authorized signers, trading instructions, settlement procedures, and reporting
access.

Execution and Reporting Setup: Implement portfolio management systems, reporting templates, and data
feeds to ensure timely and accurate reporting.

PHASE

IMPLEMENTATION AND

STABILIZATION
Investment Execution: Execute approved portfolio
adjustments and confirm all positions are aligned
with the City's policy parameters and investment
objectives.

Performance Baseline: Establish a benchmark
and baseline performance report to serve as the
foundation for ongoing quarterly reporting.

Training and Orientation: Provide orientation
sessions for City staff and the Investment Oversight Committee on reporting tools, communication
processes, and market updates.

Ongoing Monitoring: Initiate Meeder's regular
investment review and compliance monitoring
procedures to ensure continued adherence to the
City's policy and State law.
185
Proposal Questionnaire
D. Reporting and Commumcation
MEEDER
Dascrlb*th* content, frequency, and format of standard reports (monthly, quarterly, annual).

Our goal is to provide timely and accurate reporting. In addition to an official monthly statement from the City's custodial bank, our typical standard rep6rts issued by the Operations team include transaction summaries for each investment purchase or sale and a monthly report of holdings and activity. Periodic investment review reports include an economic update and a portfolio summary with portfolio metrics. Ad hoc reporting is provided upon request. On an annual basis, GASB reports would be prepared for the City.

Typical standard reports issued by the operations team include:

Monthly Report: provides an inventory of current holdings, including security description, cost basis, book value, market value and yield to maturity, along with the current month's activity including purchases, sales and income received. In addition, our statements will also have a projected cash flow schedule on all securities along with amortization and accrual schedules, and a summary detailing key portfolio characteristics and attributes.

Quarterly Investment Review: we provide our clients with customized quarterly investment review presentations describing key updates to Federal Reserve policy, economic conditions, and other significant market factors that affect their investment portfolios. These investment reviews also include high level statistics and charts describing the asset composition and maturity distribution of each portfolio we manage for the client.

Annually: Meeder also provides reporting at fiscal year-end to assist with GASB reporting requirements and ACFR needs. The reports are structured to meet the requirements under GASB 31 Accounting & Financial Reporting for Certain Investments and for External Investment Pools, GASB 40 Deposit and Investment Risk Disclosures and GASB 72 Fair Value Measurement and Application.

Ad Hoc: is provided upon request. Meeder is positioned to provide the City with all the necessary reports to meet their needs and state requirements.

Market Commentary: we send weekly and monthly market commentary emails to all our clients with general market updates, economic results, and key market interest rates
Conflrm whether your performance Is calculated and presented In accordancewlth GIPS, If not CIIPS<ompllant, fullyd*serlbe your performance caleulatlon and pruentatlon methodology. Coriflrm that all performance Is reaonallad to the account custodian. If Independently verlfled, provldathe moat recent alPlvarlflaatlon report and any applk:able performance aaamlnatlon reports.

The firm does not currently claim compliance with GIPS standards and does not present returns in accordance with those standards.

Provlda sample reports, Inaludlng holdings dmall,stator allocation, duratlon, and p*rformanc*v*rius b*nahmark,
Attached in the Appendix is a sample monthly report we provide clients.

Dasarlbe your secure cllent portal and how staff can access data arid analytles.

Our clients all have online access to their investment accounts through both the third- party custodian's website and the Meeder portal on the Clearwater Analytics platform, where they can verify investment positions, daily activity, and investment income for prior day.

Confirm your ablllty to present performariae rwults to staff and Council at least annually.

We will be able to provide performance results to staff and Council annually.

Periodic performance reports can be provided to compare the historical portfolio yield to a yield-based benchmark or the total return of the portfolio to an index. The online portal provides a breakdown of the performance between income return and price return net of fees.
45 186
Proposal Questionnaire
E. Risk Management and Compliance
&Q.-
MEEDER
, II ,,@maa ffl I II aiil jlljllllafflajaljjd!jjllllaljlffiialillijlmllj awuiuJlll II I
Deger!be your internal eontrolg, coinpl!ance avers!Hht, and audit functions, The firm does not exercise custody over client funds, securities or accounts and does not undertake the internal control report required for qualified custodians. The firm has implemented a series of other internal controls intended to test and monitor trading, portfolio compliance, issuer review and approval, personal securities trading and other aspects ofthe compliance program.

Ideritify thb proc*ara used to orisuro investmoritti remain within the City's policy and Ca(iforrila Government Code.

Meeder has made extensive investments in a robust compliance system, industry leading Charles River software. With our compliance suite we can provide solutions that support compliance rule building, testing and maintenance, customizable reporting, and a complete audit history. A powerful data administration facility helps monitor and improve data quality. This allows us to ensure compliance with the City's investment policy, the California Government Code 53601, GASB and GAAP report standards, and other applicable laws, rules, and regulations.

Our firm utilizes the Charles River product to carry out the following portfolio compliance reporting tasks:
)) ValidatecompliancewithportToliorestrictionspre-trade,in-tradeandatendofday )) Streamline workflows by incorporating compliance rules into 'what if analysis )) Calculateandmonitorexposuresand/orconcentrationlimitsplacedonissuer/securitytypes,maturitylengthlimitations(inckiding average weighted maturity or duration), security ratings quality, etc.

The City's investment policy parameters, along with the California Government Code 53601 parameters, will be coded into our portfolio management system, providing pre-trade and post-trade compliance oversight. In addition, through collaboration with the City, any additional rules requested beyond the statute, such as maturity constraints or credit requirements, can also be established on an ongoing basis to ensure the investment portfolio is monitored at all levels. Policy compliance reporting can be generated to assist with annual audit testing to assist with year-end needs.

I llffill"""vixiiiiiin par iii W
46 187
Proposal Questionnaire
E. Risk Management and Compliance
Provide details of yourflrm'i builnaiai aontlnulty and dlsuter recovery plans, Includlng updatafr*quanay.

BUSINESS CONTINUITY
MEEDER
Meeder has developed, implemented and maintains a Business Continuity Plan designed to support the continued operations of critical processes, services, and products in the event of a significant business disruption.

The key components of our BCP include:

Critical Business Assets and Applications: We maintain an inventory of Critical Business Assets and Critical Business Applications essential to maintaining operations.

Critical Business Functions: The BCP identifies and prioritizes Critical Business Functions which are operational business processes or services that must be performed utilizing critical business assets and applications.

Essential Operational Capabilities: In order to perform our Critical Business functions and non-critical operational processes, Meeder maintains appropriate Essential Operational Capabilities, which are the necessary and critical basic operational components needed to continue business operations in the event of a significant business disruption.

Data Backup and Recovery: The BCP outlines our procedures to ensure the availability of critical data and applications in the event of a significant business disruption where data and/or applications must be replicated or restored. Servers which retain Meeder hosted systems and data are backed up on a regular schedule using a commercial backup and recovery solution. Cloud-based systems hosted by third-parties are back-up, as determined by the service provider.

Alternative Facilities: We have identified alternate workspaces that can be used in the event of a disruption to our primary office location.

Communication Plan: Our BCP includes a comprehensive communication plan that outlines how we will notify, communicate with, and update employees, clients, partners, and regulatory authorities about the disruption. )) PandemicResponse:Theplanincludesspecificmeasuresforpandemic preparedness and response. Our plan ensures operational continuity and underscores our commitment to maintaining uninterrupted service delivery while prioritizing the health and safety of our employees.

Testing and Training: We conduct regular testing and simulation exercises to ensure the effectiveness of our BCP. Our employees are also trained on their roles and responsibilities during a disruption.
@1,
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Proposal Questionnaire
E. Risk Management and Compliance
MEEDER

DISASTER RECOVERY PLAN
Meeder has developed, implemented and maintains business continuity and incident response plans designed to support the continued operations of critical processes, services, and products to help respond to a significant business disruption.

The key components of the plan include:

Executive Management Team
Notification
)) Operational Considerations
Client Communications
Identification and Isolation
Significant Business Disruption
Declaration
Investigation, Eradication and
Recovery
Associate Communication
Vendor, Intermediary and Partner
Communications
Alternative Physical Facilities
Consideration
Post Significant Business Disruption
In the event of a significant business disruption, the firm's incident response and business continuity plans include provisions for same day operation of critical business services from alternate locations using parallel operating environments. These programs are tested annually.

This plan can be provided upon request.

D*scrlbsyouraybarwaurltyframawork(e.g.,aOC2 T%rpallaartlflcatlon)and related Iniurana* coverage.

Meeder has developed, implemented and maintains a Cybersecurity and information security policy designed to protect the confidentiality of business, associate, client and shareliolder information; comply with applicable (egaJ and regulatory requirements; and secure the overall network and operating infrastructure to ensure continuous Meeder operations.

The key components of the policy includea.
)) Governance
)) Risk Assessment
Cybersecurity Framework
Inventory
Data Management
Network Management and
Segmentation
Access Controls
Monitor, Protect, Detect and Mitigate
Respond, Remediate and Recover
Vendor Oversight
)) Training and Education
Testing
Annual Review
Our policy is a living document that is reviewed and updated at least annually. However, we also perform updates whenever there are significant changes to our operations, technology, or external environment. We actively seek feedback from testing exercises and real incidents to continuously improve our plan's effectiveness.

Meeder maintains a cybersecurity policy issued through GAD Insurance. Attached in the Appendix is a copy of our insurance.

Provlde a copy ofyour most recent Form ADV Part 2A and 28.

Attached in the Appendix are copies of our SEC Form ADV Part 2A and 2B. 48 189
Proposal Questionnaire
F. Team and Staffing
Identify all team members dlr*atly responsible for the Clty's account and specify th*lr roles and years ofmp*rlane*.

JIM McCOURT, CFA' Primary Contact/Relationship Manager Over '17 years of investment management experience JASON HEADINGS, CMT Additional Contact
Over 18 years of investment management experience PAULINA WOO Additional Contact
Over 17 of financial services and investment
management experience
JASON SZABO, CFA' Investment Team
Over 10 years of investment management experience DAVID KLINK, CFAo, CAIA- Investment Research Team
Over 12 years of investment management experience AMISHA KAUS Investment Team
Over 15 years of financial services and investment management experience
JACOB BILLHARTZ, CFA' Investment Team
Over 9 years of financial services and investment management experience
MEEDER
Destarlb* your team structure (lndMdtml vs.t*im management) and backup procedures.

We believe in taking a team approach to investing. All investment strategy decisions are made at the committee level, as is the approval ofthe issuers that may be purchased within a portfolio. This ensures that no one individual has the ability to make their own qualitative decision on the direction of the portfolio, as well as ensuring that there are always multiple associates available to step in and meet the needs of each and every client.

Describe compensatlon and r*t*ntlon praatla*s for Investment staff aulgned to public-ig'tor cll*nti.

Meeder Public Funds investment professionals responsible For trading and selection of securities typically earn a salary, plus year-end bonus dependent on a series of factors including firm profitability and each individual's achievement. Other Meeder Public Funds representatives responsible for client services earn a salary and a portion of the advisory fee paid to Meeder Public Funds for the services offered in the account. Compensation varies depending on the program and the representative's overall revenue.

Meeder maintains strong staff retention through competitive compensation, professional development, and a collaborative, client-focused culture. Our investment professionals pursue advanced credentials to ensure expertise and compliance with California public fund standards. This team-based approach promotes continuity, minimizes turnover impact, and ensures that public-sector clients receive consistent, knowledgeable service from experienced professionals dedicated to their long-term success.

Provlda data on public-funds itaffturnovar ov*rthi past thr**yairi.

In the past year we have had 2 Public Funds Advisors leave to pursue a career outside of servicing public sector clients. Over the same time period, we have added 5 Public Funds Advisors, 1 Portfolio Manager, 1 Client Servicing support staff, 5 Public Funds Analysts, and 2 additional Public Funds Operations staff. Over the time frame, the leadership of the firm has remained in place. Paulina Woo recently joined the Meeder team and brings over 17 years of experience in the public funds market. 49 190
Proposal Questionnaire
G. Client Relationships and Transitions
How many publla-i*ator aaaounti haiyourflrm added or lost In the paittwo years? Explain reasons for changes.

Over the past three years, Meeder has brought in over 90 accounts compared to losing 14. In most c3ses the termination in services resulted from a change in fiscal officers and their choosing to use a past provider, or reduced investible funds.

Dogiarib*yourtraniltlon plan if a*l*m*d, Inaludlng aaaount setup, aai*ttranaf*r, and reporting.

GETTING STARTED
ENGAGE AllGN IMPIEMENT
AdvisoryAgreement 4nalysis
Agreement Reconciliation
Investment Educati5n' Flow a
Inveetmem,, Economic -
MEEDER
191
Proposal Questionnaire
G. Client Relationships and Transitions
MEEDER
The below implementation outline details an approximate timeline or tasks and responsibilities for what can be expected at the start of the engagement as well as ongoing.

FROM SJGNED CONTRACT
Weeks 1-2 Execute Investment Agreements/Documents
CITYOF

SOUTH GATE MEEDER
I I
Morithly
Quarterly
Onsite Meeting with the City to reporting and information deliverables
Investment Policy review
Notification letter to custodian
)) CustodianwillthensetupaccessforMeeder
(may take up to one week)
Provide historical cash flow information
Historical cash flows analyzed
Provide current holdings/statement of positions
Analysis of current portfolio
Provide City with draft reports
Meeder presents recommended strategy
V"
V/
V/
Strategy calls/meetings to discuss economic/market conditions, portfofio structure/composition, strategy, California Government Code changes, and other pool related items
Strategy meetings at the City's discretion
V/
V/

REPORTING
Holdings Statement
Transaction Summary
Economic/Portfolio Update
GASB Reporting Assistance
Staff Training/Education

CADENCE
Monthly
Daily/Monthly
Quarterly
Annually
Annually
51 192
Proposal Questionnaire
G. Client Relationships and Transitions
MEEDER
Provide at laaat three (3) publle,-sector references, Inaludlng contact namesltltles, phone numbersi, and emafl addraues.

CITY OF

IRVINE, CA
Contact: Don Collins, Treasurer
Phone: 866.579.2871
Email: [email protected]

CITY OF

SANTA ANA, CA
Contact: Alexander Trinidad,
Assistant Director of Finance
Phone: 7'l4.647.5295
Email: [email protected]

CITY OF

GARDEN GROVE, CA
Contact: Patricia Song,
Finance Director
Phone: 714.741.5062
Email: [email protected]

IRVINE RANCH

WATER DISTRICT, CA
Contact: Neveen Adly,
Executive Director of Finance
and Administration
Phone: 949.453.5350
Email: [email protected]

CITY OF

LIVERMORE, CA
Contact: David Doyle,
Accounting Supervisor
Phone: 925.960.4352
Email: [email protected]
52 193
Proposal Questionnaire
H. Additional Information
MEEDER
Degcribe custodial bariks you commorily
work with for Califorhia munit,ipalities,
When serving California
public-agency clients, our firm
works exclusively with highly
rated, trusted custodial banks
that specialize in public-fund
custody services and meet
the rigorous operational,
regulatory and reporting
demands of governmental
investment portfolios. We work
with a variety of custodians in
California and can work with
the custodial bank the City
prefers. The majority of
our clients use u.s. Bank
for custody services.
194
Proposal Questionnaire
H. Additional Information
MEEDER
Daaarlbo any addltlonal value-added i*rvlmi, training, or pollay support yourflrm can offer.

Meeder employs a client-focused approach characterized by transparency, customization, and accountability. Our extensive experience with public entities ensures an understanding ofthe regulatory environment and fiduciary responsibilities relevant to the City.

KEY DIFFERENTIATORS INCLUDE:

CUSTOMIZED INVESTMENT
STRATEGtES
Our solution is tailored to the City's cash flow needs, rislc tolerance, and investment objectives, avoiding a one-size-fits-alt approach.

DEDICATED TEAM STRUCTURE The City has direct access to their dedicated advisor, Jim McCourt, and senior professionals, including portfolio managers and operations specialists, Tor responsive service and strategic guidance.

ROBUST REPORTING TOOLS Detailed and customizable reporting is provided with full transparency along with an online portal, supporting the City in staying informed abouttheir portfolio. g
OPERATIONAL EXCELLENCE Internal controls, compliance frame work, and daily review processes ensure accuracy, timeliness and fiduciary integrity.

COLLABORATIVE APPROACH Relationships are viewed as partnerships, working closely with the City to adapt as needs evolve and markets change.

Provide any proposed aontriat language or *xaaptlonatothai Clty'a Prof*aalonalS+agvleasAgr*am*nt.

We have provided a copy of our standard Terms of Service in the Appendix to be included as an exhibit in the agreement. 1008-MPF-12/1/25-52921
54 195
Required
Forms
i v tr
MEEDER
196

PROPOSER CHECKLIST
#., gequireditem/B@ct €on , Iris;4B4ed 'i'
-Pie
'Refirence
I
Cover Letter - Signed by an authorized officer with authority to bind the firm; includes firm name, servicing office, and acknowledgment of addenda. V/
2-3
2 Table of Contents - Organized in the order of the RFP and clearly identifying all sections and attachments. V/ 4
3 Firm Profile & Experience - Description of firm history, ownership, registration (SEC RIA or bank trust dept.), organizational chart, and reIevant public-fund clients.
v 5-6, 15,
23 -l
Technical Response/Scope of Services - Responses addressing each element of Section 7 (investment strategy, trading, reporting, cash-flow coordination, policy review, etc.).

I
S/ 7-13
5 Customer Service & Relationship Management Plan - Description of service structure, relationship manager, service hours, and escalation procedures. V'
14-15
6 Cybersecurity and Data-Protection Summary - SOC 2 Type II report or summary of equivalent controls, breach-notification process, and U.S.-based data residency confirmation.
v' 16-17
7 Imp!ementation & Transition Plan - Detailed 60-day transition plan including key milestones and responsibilities. V/ 18-19 8 Fee Proposal - Schedule of fees expressed in basis points (bps) on assets under management, inclusive of all costs. Identify any minimum fees or performance-reporting charges.
%/ 20-21
9 References - Miriimum of three Calffornia or public-sector clients, including contact name, title, phone, and email. %/ 22-23 -l
Legal / Regulatory Disclosures - Description of any litigation, disciplinary actions, or SEC/FINRA matters within past five years; copy of latest Form ADV Parts 2A & 2B. %/
24-25
96-125
II
Sample Reports - Representative quarterly report showing holdings, duration, yield, benchmark comparison, and compliance summary. v 66-95
Investment Management Services l RFP FIN-2025-O"l l Administrative Services 130 197
# Required [tern / Se3,Uon (ntltj4ed .:
: - Page
iDzkyaiiaaa
,tjltJ eel!V
12 Completed Proposal Questionnaire (Section 9) - All subsections A-H Tully answered in order. %/ 26-54
13 Conflict of Interest Certification - Completed and signed. %/ 58
14 Proposal Certification and Signature Page - Completed and signed by authorized representative. v 59
15 Non-Collusion Affidavit - Completed, signed, and notarized (or declared under penalty of perjury). v 60
16 Fee Schedue - Itemized and attached.

V/ 20-2'l
17 Reference List - Attached.
v 35-37
18 Acknowledgment of Addenda - A!I addenda listed and signed. v Cover
Letter
19 Electronic Copy (PDF) - One (1) electronic version emailed to the City by 5:00 p.m. PST on December 1, 2025.

I
%/
Sent
20 Printed Copies (Required) - Three (3) sealed printed copies, including one (1 ) signed original, labeled as instructed in Section 5.4. %/ Sent 21 Business License Acknowledgment - Confirmation that firm will obtain a City of South Gate business license prior to contract execution. %/
Cover
Letter
Investment Management Services l RFP FIN-2025-01 l Administrative Services 131 Q7'l
198

CONFLICT OF INTEREST CERTIFICATION
The undersigned, having fully examined all RFP documents for Investment Management Services, hereby certifies the following on behalf of the proposer and its officers, employees, agents, and subcontractors:

1. No Conflicts:

No officer, employee, or elected official of the City of South Gate has any financial or other interest, direct or indirect, in the proposer's business, nor shall any such person have any such interest at any time during the term of any can{ract resultlng from fH!S RFP.

2. Disclosure of Relationships:

The proposer has disclosed below any existing relationships or circumstances that may present an actual or potential conflict of interest under applicable law, including but not limited to California Government Code Sections 1090 and 87100 et seq.

3. Ongoing Obligation:

The proposer shall promptly disclose to the City in writing any potential or actual conflicts of interest that arise after the date of this certification and prior to or during contract performance.

4. Public Trust Commitment:

The proposer acknowledges that City contracts are public instruments and that all decisions must be made in the best interest of the public.

Q No known conflicts of interest exist.
€ Potential conflicts are described below:
(Provide full explanation; attach additional pages if necessary.) Firm Name: Meeder Public Funds, Inc.

Authorized Representative: JaSOn Head!ngs
Title: Sr. Vice President
[B3il; [email protected]
Phone: 614.760.2111
Certification:

By signing above, I certify under penalty of perjury that the foregoing statements are true and correct, and that no improper relationships or interests exist that would prevent fair and impartial contracting with the City of South Gate.

Investment Management Services l RFP FIN-2025-01 l Administrative Services i27 199

PROPOSAL CERTIFICATION AND SIGNATURE
The undersigned hereby submits this proposal and certifies, on behalf of the firm named below:

L The proposer has read and understood all RFP documents, including any addenda issued by the City.

2. The proposer agrees to all terms, conditions, and requirements set forth in the RFP and the City's standard Professional Services Agreement.

3. All information provided in this proposal is true, complete, and accurate to the best of the signer's knowledge
4, The proposer affirms it is duly authorized to conduct business in the State of California and to perform the services described herein.

5. The proposal shall remain valid for a period of ninety (90) days following the proposal due date.
6, The signer certifies that he/she has the legal authority to bind the firm contractually.

Legal Name of Firm: Meeder Public Funds, Inc.

Address: 6125 Memorjal DrjVe
City, State, ZIP: Dublin, Ohio 43017
Telephone: 614.760.211 "l
Email: [email protected]
Tax 10 Number: 34-1700641
Type of Business Entity (check one):

Q Corporation € Partnership € Sole Proprietorship [1 Limited Liability Company € Other:

Authorized Representative: JaSOn Head!ngs
Title: Sr. Vice President
Investment Management Services I RFP FIN-2025-01 l Administrative Services l 28 200

NON-COLLUSION AFFIDAVIT
State of California, County oT Los Angeles
1, JaSon Head'ngS , being first duly sworn, declare that I am Sr. VfCe Presfdent j(iilB] (J Meeder Pu51:C FundS, InC. jllBlaylB ()j firml, the party submitting the attached proposal to the City of South Gate, and that:

1. The proposal is genuine and not a sham or collusive proposal.

2. No person, firm, or corporation has directly or indirectly agreed with any other proposer to submit a sham proposal, to refrain from proposing, or to fix or infiate proposal prices.

3. No attempt has been made to induce any other person or firm to refrain from submitting a proposal or to influence the content of another's proposal.

4. All statements in this proposal are true and made under penalty of perjury.

I certify and declare under penalty of perjury under the laws of the State of California that Signature PrintedName
Sr. Vice President
Title
Meeder Public Funds, Inc.

Firm Name
Subscribed and sworn to before me this day of 2025.

Notary Public (Signature & Seal)
In lieu of notarization, the City will accept a declaration under penalty of perjury pursuant to California Code of Civil Procedure § 2015.5. 1, Jason Head'ngs , declare under penalty of perjury pursuant to California Code of Civil Procedure § 2015.5 that the information provided is true and correct.
11 .20.2025
Date
Investment Management Services I RFP FIN-2025-01 l Administrative Services 129 201
X
c
W
a)J:,
@r@5
@)
Un
QU
202
A, <,-M E E D E- R
Terms of Services Discretionary Accounts
Meeder Pubfic Funds
The following Terms of Services are applicable to services offered by Meeder Public Funds, Inc. ("Meeder") and shall be incorporated into any agreement for investment advisory services ("Agreement").

L Investment Management Services. Client appoints Meeder as discretionary investment manager to invest, reinvest and mariage tt'ie secvrities, cash and other assets of the Account subject to the investment guidelines ('investment Guidelines") provided by Client. 2, Trading Authorization. Client grants Meeder discretionary trading authority and appoints Meeder as agent and attorney-in-fact with respect to investments in the Account. Meeder may direct the purchase, sale, exchange, conversion, delivery or other acquisition or disposition of securities and other investments in the Account and act on behalf of Client in all other matters incidental to the handling of Account investments, all without prior consultation with Client.

3. Custody. Meeder will not assume physical custody of the Account or any portion of it. Client shall establish a custodial account with a qualified custodian ("Custodian"). Client will receive from the Custodian account statements and confirmations identifying assets and transactions in the Account. All transactions will be consummated by payment to, or delivery by, the Custodian of all cash, securities and other assets due to or from the Account. The Custodian shall be responsible For investing any daily cash balances in the Account and Meeder will not exercise discretion to select sweep vehicles For the Account. 4, Investment Objectives and Restrictions. Client may provide Meeder with an Investment Policy Statement or other written directions setting forth the investment objectives and any specific investment restrictions or limitations which govern the Account. Meeder shall be entitled to rely on such guidelines, objectives and restrictions relating to the Account as it may receive from Client. It is Client's responsibility to inform Meeder in writing of any changes or modifications to these directions, which shall be given ten days in advance of any such change.

5. Fees. For the services provided in accordance with this Agreement, Client shall pay Meeder an annual fee ("Fee") on terms set forth in the Agreement to which these Terms of Service apply. Where Client has elected to have fees deducted from the Account, Client authorizes the Custodian to deduct fees from the Account and pay them to Meeder. The account statements will reflect the fee amount withdrawn in any period. Client is responsible for notifying Meeder of any exceptions or objections to the amount billed within thirty days from the billing date.

6. Brokerage. Unless otherwise directed, Meeder will place trades for the Account through such brokers or dealers as it may select. When selecting brokers, Meeder's primary consideration will be the broker's ability to provide best execution of trades and Meeder may consider the quality and reliability of the brokerage services, trade price and commission, as well as research and other services provided by the broker-deaiers.

7. Trade Aggregation. Meeder may aggregate trades for multiple clients when, in the adviser's judgment, aggregation is in the best interests of the clients involved. Orders are aggregated to facilitate best execution and each client participating in the aggregated transaction receives the same price and participation in such trade on a pro-rata basis. Where it is not possible to obtain the same execution price for all securities purchased or sold on an aggregated basis, Meeder will follow its trade allocation policy, which is designed to ensure that securities atlocations are made in a fair and equitable manner.

8. Promoter Arrangements. Meeder accepts Clients referred through unaffiliated third parties ("Promoters") and may pay cash compensation for the endorsement of Meeder's services, which provides the Promoter with an incemive to refer clients. Clients will not incur additional fees for being reTeaed to Meeder by a Promoter. Clients Qe>
203
that engage Meeder as their investment adviser following a referral by a Promoter will receive a written disclosure statement describing the nature and terms of the arrangement, including the amount payable to the Promoter.

9. Local Government Investment Pools. Where appropriate, Meeder may recommend the use of a Local Government Investment Pool ("LGIP") in which Meeder or one of its affiliates earn advisory and/or administration fees. Assets p!aced in an LGIP are not included among eligible assets when calculating the investment advisory fee. Because Meeder or its affiliates receive fees in connection with programs we sponsor or recommend, use of these programs presents a conflict of interest. By investing in an LGIP, Client specifically consents to the conflicts presented by such investment and payment of fees.

10. Custodial Sweep Vehicles. Where available, Meeder may recommend the use of the Meeder Government Money Market Fund as a vehicle to sweep cash held in the custodial account for investment. Because Meeder's affiliates earn advisory, transfer agency and administration fees for management of the Meeder Government Money Market Fund, recommendation of the fund as a sweep vehicle presents a conflict of interest.

Meeder charges investment advisory fees on the total market value of assets held in the custodial account, including sweep vehicles. By selecting the Meeder Government Money Market Fund, Client specifically consents to the conflicts presented by such investment and payment of fees.

11. Third-Party Payments. Meeder or its affiliates receive compensation from unaffiliated third parties for endorsing or recommending certain financial products to its clients. This arrangement presents a conflict of interest because it provides Meeder with an incentive to solicit and secure participation in the program. Asset-based advisory fees are not charged for assets invested in products that pay indirect compensation to Meeder. 'l2. Proxy Voting. Meeder does not accept or assume authority to vote proxies for its public fund clients.

Clients will receive their proxies or other solicitations directly from their Custodian. Client agrees that Meeder will not advise or act for Client in any legal proceedings, including bankruptcies or class actions, involving securities held or previously held by the Account or the issuers of such securities.

13. Electronic Delivery. Client consents to electronic delivery of all documents from Meeder, including but not limited to a copy of the executed Agreement, statements, confirmations, Meeder's Form ADV Part 2 and amendments thereto, and other general communications delivered to Client's electronic mail address of record.

Delivery of communications to Clients in this Tashion will be deemed effective unless Meeder is notified otherwise.

Client is responsible for maintaining an accurate and up to date email address and to ensure that Client at a!l times has the ability to receive communications directed in this manner.

14. Confidentiality. All information and advice furnished by either party to the other, including their respective agents and employees, shall be treated as confidential and shall not be disclosed to third parties except as otherwise required by law or as agreed to in writing by Client. Notwithstanding the foregoing, Client consents to the use of Client's name in sales and marketing material used by Meeder or its affiliates solely for the purpose of identifying the Client as an investment advisory client.

15. Services to Other Clients. Client understands that Meeder serves as investment adviser for other Clients and will continue to do so. Client also understands that Meeder, its personnel and affiliates ("Affiliated Persons") may give advice or take action in performing their duties to other clients, or for their own accounts, that differ from advice given to or action taken for Client. Meeder is not obligated to buy, sell or recommend For Client any security or other investment that Meeder or its Affiliated Persons may buy, sell or recommend for any other client or their own accounts.

16. Meeder's Representahons. Meeder represents that it is a registered investment adviser under the Investment Advisers Act or I 940.

17. Client's Representahons. Client represents and acknowledges that: (i) Client is the sole owner of the Account assets and has full power and authority to enter into this Agreement and to commit the assets to Meeder's management and supervision; (ii) that the person signing this Agreement on behalf of Client is authorized and empowered to establish accounts and commit the assets to Meeder's management and supervision on the entity's behalf; (iii) Client has received Meeder's current Form ADV, Part 2A and B; and (iv) Client has received a copy of Meeder's Privacy Policy.

MPF Terms of Services - MPF 005 (7-25) Page 2
204
DATE (MMIDDl'm'Y)
08/08/2025
THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOL[ER. THIS

CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.

IMPORTANT: If the certificate holder is an ADDITIONAL INSLIRED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed.

If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of suct endorsement(s).

PRODUCER
GAD Insurance, LLC
1349 W Lane Avenue
Ste 1000B
Columbus OH43221
cNAME,ONTAaT Ashley Tevis
j
gl
'A 'g,?olExt): (614)221-1500 175,xol: (614)221-1580
E
A ',DA,'EssL, [email protected]
INSURERiS) AFFORDING COVERAGE NAIC#
INsURERA, Valley Forge Insurance Company 20508
1N8URED
Meeder Public Funds, Inc.
6135 MEMORIAL DR
DUBLIN OH43017
INSURERB: Continental Casualty Company 20443
INSLIRER C. :

INStlRER D :

INSURER Ei
INSLIRER F :

COVERAGES CERTIFICATE NUMBER: CL25883'73 REVISION NUMBER:

THIS IS TO CERTIFY THAT THE POLICIES OF INSIIRANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSLIRE€ NAMaJ ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH TH IS

CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDLICIED BY PAID CLAIMS.

INSR

LTR T/PE OF INSURANCE
ADDL
1N8D
SUHR

WVD POLICY NUMBER

POLICY EFP
IMMIDD/ffY'Q

POLICY EXP
(MM{OD/'mtY) LIMIT8
A

COMMERCIAL GENERAL LIABILITY
ICLAIMS-MA[)E [X occus
6025571227 04/01/2025 04/01/2026
EACH OCCURRENCE $ 2,000,000

DAMAGE TO RENTED
PREMISES %Ea occurrence) $ 1,000,000
MED EXP (Any one person) $ 10,000
PERSONAL & ADV INJURY $ 2,000,000
GEN'L AGGREGATE LIMIT APPLIES PER.
eopoTHuEc; @ j;(2; l LOC
GENERAL AGGREGATE $ 4,000,000
PRODuCTS - COMP/OP AGG $ 4,000,000
$
A
ALITOMOBILE LlABILl'nf

ANY AUTO
OWNED rl sc+-enuct=o
_ AuTOS ONLY 1_J AUTOS
_X A: ONLY L!_I AUTI#"O"N'-S
6025571227 04/01/2025 04/01/2026

COMBINED SINGLE LIMIT
(Ea accldent) $ 1,000,000
BODILY INJURY [Per person) $
BODILY INJLIRY (Per accident) $

PROPERTY DAMAGE
(Pet accident) $
$
B
x UMBRELLA LIAB

EXCESS LIAB
x OCCUR
CLAIMS-MADE 6074647009 04/01/2025 04/01/2028
EACH OCCURRENCE $ -10,000,000
AGGREGATE $ 10,000,000
DED I Xj RETENTI)N $ "01000 $
A
WORKER8 COMPENSATION
AND EMPLOYERSa LIABILITY y / N
.:':'i'Hg';'P:'%':'e'x'c"%':g:ECuT"E @
(lfMyae'sd, ad'eos'ttib"eNuHnd)er
DESCRIPTION OF OPERATIONS below
NIA 6025571227 04/01/2025 04/01/2020
H#Au're I XI gt"H- Ohio Stop Gap
E.L. EACH ACCIDENT $ 1,000,000
E.L. DISEASE-EA EMPLOYEE $ 1,000,000
E.L. DISEASE - POLICY LIMIT $ 1000,000
A
Blanket Property, Special Form,
8eplacement Cost 6025571227 04/01/2025 04/01/2026
Building Limit
Contents Limit
$6,457,829
$2,140,900
DESCRIPTION OF OPERATIONS I LOCATIONS I VEHICLES (ACORD 'I Dj. Addh}onal Remarks Schedule, may be a fached if more space is required) This document neither affirmatively nor negatively amends, extends, or alters the terms of or the coverage afforded by policy referenced herein.

CERTIFICATE HOLDER
Evidence of Insurance
I

SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE

THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS.

AUTHORIZED REPRESENTATIVE
d[l,
ACORD 25 (2016/03)

CANCELLATION
@ 1988-2015 ACORD CORPORATION. All rights reserved.

The ACORD name and logo are registered marks of ACORD 97 205
MEEDER
Privacy Policy
Meeder Investment Management and the Meeder Funds are committed to maintaining the financial privacy of our current, former and prospective customers.

This policy explains how we protect the security and confidentiality of our customer's information.

PERSONAL INFORMATION WE COLLECT
We may collect information about Meeder customers from a variety of sources, including:

Information provided by you or your representative on applications or forms, such as your name, address, date of birth, social security number and investment objectives;
Information about the transactions in your account, such as your account balance and transaction history; and Information we obtain from third parties regarding you, to verify your identity or transfer your account.

INFORMATION WE SHARE WITH OUR AFFILIATES
Our affiliates are financial service providers that offer transfer agency, customer accounting, customer servicing, investment advisory, and other financial services. We share information with our affiliates to service your account. In addition, we may also share information with our affiliates to alert you to other products or services offered by Meeder to the extent provided by law.

Information collected from customers whose accounts are opened through investment professionals is not shared with Meeder affiliates for marketing purposes.

INFORMATION WE SHARE WITH THIRD PARTIES
On occasion, we share information we collect about you with unaffiliated third parties to perform services in connection with your account, such as processing transactions, preparing and mailing account statements, and other forms of customer servicing.

Information provided to third parties may not be used for any other purpose and Meeder does not permit unaffiliated third parties to use customer information to market their products or services.

HOW WE PROTECT INFORMATION ABOUT YOU
We maintain policies, and require all unaffiliated third parties to maintain policies, to safeguard customerinformation. We restrict access to nonpublic personal information about you to those persons who need to know thatinformation in orderto provide products and services to you. We also maintain physical, electronic, and procedural safeguards to guard your nonpublic personal information.

WHO THIS POLICY APPLIES TO
This policy applies to customers who open relationships directly with Meeder. It applies to Meeder Funds and Meeder's affiliated companies, including Meeder Asset Management, Meeder Advisory Services, Meeder Public Funds, Meeder Distribution Services and Mutual Funds Service Company.

QUESTIONS
Contact us at 800-325-3539 or visit us online at www.meederinvestment.com Privacy Policy - MIM 001 (4/21/22)
206
SAMPLE CuENT
Investment
Report

MEJ-DER
?aBll € ?uNDB
207

OBSERVATIONS AND EXPECT ATIONS
Fed lowered the Fed Funds rate by 0.25% at the October 29th meeting Labor market continued to show signs of slowing
u.s. Treasury rates for the 2Y and 5Y are near their lowest levels of the year Wealthy Americans continue to drive consumer spending higher Atlanta Fed's GDPNowcast is projecting a 3.9o/o GDP for Q3 2025 Since the start of the year, the
number of consumers dining out
has risen an average of 8.4% on
an annual basis, well above the

2.1% in 2024 and an even larger
recovery from a decline of 2.7o/o in
2023.
/S'i &_ /l j
" U7-=/
Additionally, adjusted for inflation,
spending at restaurants and bars
rose 3.5o/o annually in September.
20%
'15%
10%
5%
0%
-5%
-70% -
2022
Open Table Seated Monthly Avg Diners YoY %
J
2023 2024 2025
SOURCESr BLOOMBERG
208
Some market pundits believe inflation
will follow a similar pattern as it did in
the 1970s/80s and have a resurgence
to higher levels.
- We don't expect that to happen due to
the significantly different factors
occurring now versus the 1970s/80s,
such as demographics and technology.

SOURCES: BLOOMBERG
16o/o
15o/o
14o/o
13o/o
12o/o
11o/o
10o*
9o/o
8o/o
7o/o
6o/fi
5%
4oA
3o/o
2o/o
1%
Oo/o
-lo/o
. CF!1YOY: i97Qs7j980svs 2010s/2Q20s
Weekly Unemp!oyment Claims - 4 Week Avg
o
800
700
600
500
400
300
200
100
o
CO
€5)
o
o
C%j
o
o
o
o
o
o
(V
C')
o
CV
(O
o
C%j
(U
C%l
o
OJ
The labor market has softened by some
measures the past few months.

This has been the primary reason stated by
the Fed to prompt more rate cuts in the
future.

However, weekly unemployment claims
remain near historically Jow levels.

SOuRCE BLOOMBERG - GRAPH AXIS IS CUT OFF DUE TO COVID D ATA

EXTREME LEVELS - SHADED AREAS ARE RECESSIONS
209
2Y and 5Y u.s. Treasury Rates

5.2%

5.0%

4.8%

4.6o/o

4.4%

4.2%

4.0%

3.8%

3.6%
SOURCES: BLOOMBERG
210
Contents
Portfolio Summary
Position Statement
Transaction Statement
Income/Dividend Received
Contribution/Withdrawals and Expenses
Projected Income
6 7
13 14
16 17
MEEDER
WIIHI flMaa
5 211
@II
An
Maturity Distribution
MEEDER
pumiic tusoa
Custodial Reconciliation
t D.ay
t"NN
Sector Allocation
@ U.S.Agencies
* L1.S. Treasuries
0 Corporate Bonds
@ Municipal Bonds
* MBS
!h Asset-Backed Securities
@ Supranational
@ Negotiable CD's
* Money Market Funds
0 Commercial MBS

26.59%

22.33%

16.97%
1138o*

10.07%
4:14%

3.67%

2.35%

1.32%
1j9o/o
Beginning.

CORRENT
MONTH
81,700,887.19
Contributions/Withdrawals (1,000,000.00)
N!anagement Fees (4,000.00)
Custodian Fees
Realized GainsLosses
' Purchased Interest
InterestReceived
5NDlN €a
107,865.57
(12,081.33)
196,511.32
80,989,202.745
Projected Monthly Income Schedule
700,ffi)DO
{m,000
BOG,(KK>
400,000
m,OCKa
200,000
tOfflO
mv2WS DmsHJB JanXm Fab Mmr20W AprXk28 May! Jun2020 Jula'W AuwWH kpaOW @a'M)85 6 212
Position Statement
MEEDER
puaiic Fu'NO!

BANKDEPOSITS

PRINCIPAICOST

TRADEDATE PURCHASED YIELDTO MATURITY DAYSTO

SETTLEDATE PARVALUE INTEREST TOTALCOST MATURITY DATE MATLIRITY UNREAL12ED

MARKET PRICE GAIN/LOSS BOOK

MARKETVALUE VAIUE

MOODY'S
%OF S&P

MV RATING
00344CASH

BANKDEPOSITS
TOTAL
LGIP
00345CASH
0034SCASH
LalPTOTAL

MONEYMAFIKET
FUNDS
31846V567

MONEYMAFIKET

FUNDSTOTAL
Tri Counties Bank
TO/31/2025
10/31/2025
2,410,3jO.98
LAIF
California CLASS Prime
Fund
FIRST AMER:GVT
OBLG;Z
TO/31/2025
TO/31/2025
10/31/2025
TO/31/2025
TO/31/2025
10/31/2025
2,410,310.98
2,855.00
4,097,299.60
4,100,154.60
1,101,183.78
i,101,183.78
2,410,310.98

0.00 2,410,310.98

0.00 2,855.00

0.00 4,097,299.60

0.00 4100,154.60

0.00 1,101,183.78

0.00 1,lOil83.78

0.00 2,410,310.98 2.03
2,410,310.98 2.03

1.00 0.00
' 2,410,310.98 2,410,310.98 269

1.00 0.00 z.sg
' 2,410,310.98 2,4Y0,310.98
NA
2,B55.00 4.15 1
4,097,299.60 4:i3
4,100;154.60 4.13

1.00 2,855.00

1.00 4,097,299.60

1.00 4100,154.60

0.00 2,855.00 0.00 NA

0.00 4,097,299.60 "'sv NA

0.00 437 NA
4,100,154.60
1,101,183.78 3.92
1,fOll83.78 3.92
100
1,101:183.78

1.00 1101183.78

0.00 Aaa
1,101,183.78 1"a AAA

0.00 123 AAA
1501,183.78
U.S.TREASURIES
912828YG9
912828L124
91282CEW7
91282CFUO
91282CFUO
91282CFZ9
91282CFZ9
91282CGC9
91282CHKO
91282CHKO
USTREASLIRY 1.625
09/30/26
USTREASURY2.000
11/15/26
US TREASURY3.250
06/30/27
USTREASuRY 4j25
TO/31/27
USTREASURY 4125
TO/31/27
USTREASURY3.875
il/30/27
USTREASURY3.875
11/30/27
US TREASURY 3.875
12/31/27
uSTREASURY 4.000
06/30/28
USTREASUFIY 4.000
06/30/28
05/31/2023
DB/0112023 1000,000.00
05 /31/2023
06 /OV2023 i.ioo,ooo.oo
08/23/2022
08 /24/2022 85aOOaOO
09 /21/2023
11/14/2022
09/21/2023
09/22/2023 25aOOOIOO
03/23/2023
03/24/2023 85aOOaOO
02/13/2023
0,14/2023 1150,000.00
03/04/2024
03/05/2024 sso*oooioo
07/06/2023
07/07/2023 100aOOaOO
928.289.08

0.00 1,029,445.31

0.00 926,289.06 4.01 09/30/2026 334
1,029,445.31 4.01 11/15/2026 380
854.4j6.02

0.00 562,129.89

0.00 457,630.47

0.00 854,416.02 3:13 06/30/2027 607
562,129.89 4.73 10/31/2027 730
457,630.47 4.00 10/31/2027 730
242,080.08

0.00 863,845.71

0.00 1,145,328jl

0.00 242.080.08 4.72 11/30/2027 760
863.845.71 3.49 11/30/2027 780
1,145,32811 3.97 12/31/2027 791
34a33'94 346.3C15.94 4.27 06/30/2028 973

0.00 982j0a38 982.109.38 4.40 06/30/2028 973
98j2
981:171.88

98.25 1,080,750.00

99.41 844,953j3
101.00
580,750.00
101.00
459,550.00
100.55
2 51,367:19
TOO.55
854,648.44
100.58
1,156,648.44
101.02
3 53,582.03
101.02
1,010,234.38
54,882.82 i.og Aal
926,289.06 AA*
51304.€i9 ,21 Aal
1,029,445.31 AA+
(9,462.90) AalO.94
854.446.02 AA+
18,620:I'l oB5 Aal
562,'129.89 AA+
1,9'l9.53 015, Aal
457,630.47 AA+
9,287.fi o.:a Aal
242,080.08 AA+
(9,197.27) AalO.95
883,845.71 AA+
11,320.33 1129 Aal
1,'k+5,328.11 AA+
7,246.09 ol39 Aal
3 46,335.94 AA+
28,'125.00 i.is Aa1
982,109.38 AA+
7 213
Position Statement

M E E D E- R

TRADE DATE

CUSIP DESCRIPTION SETTLEDATE
PRINC}PALCOST

PURCHASED

PARVALUE INTEREST
USTREASURY 4j25 03/19/2024 1,238,134.7791282CHQ7 1,250,000.00 07/31/28 03/20/2024 0.00
9,282CJW2 USTREASURY4.000 03/04/2024 346,541.02350 000.00 01/31/29 03/05/2024 a O.00
USTREASURY 4.000 01/26/2024 939,375.78
91282CJW2 940,000.0001/31/29 01/31/2024 0.00
US TREASLIRY 4.125 05/23/2024 1,080,621.09
91282CKG5 1,100,000.0003/31/29 05/24/2024 0.00
USTREASURY 4.500 06/11/202491282CKT7 751,000.00 752("746 05/31/29 06/12/2024 0.00
USTREAS11RY4.000 07/30/2024 1,395,351.5791282CLC3 1,400,000.00 07/31/29 07/31/2024 0.00
91282CLN9 USTREASuRY3.500 09/27/2024
1,399,562.501,400,000.00
09/30/29 09/30/2024 0.00
USTREASuRY4.125 11/18/2024 496,621.09
91282CLRO 500,000.00
10/31/29 11/19/2024 0.00

UNREALIZED MOODY'S
YIELDTO MATURITY DAYSTO MARKETPRICE GAIN/LOSS BOOK %OF S&P

TOTALCOST MATURITY DATE MATURITY MARKETVALUE VALUE MV RATING 10136 28,857.42 141 Aal1238j34.77 4.37 07/31/2028 1,004 1,266,992.19 1238,134.77 + 'l0'lj4 7,451.17 039 Aat346,541.02 4.22 01/31/2029 1,188 353992,9 346,41102 AA+ 101j4 li346.10 106 Aa't939,375.78 4.C)I Cn/3V2029 1188 95072i88 939,7578 AA+ 101.58 36,738.29 125 Aal1,080,621.09 4.53 03/31/2029 1,247 ,1,17,5938 l1080l62i09 AA+ 102.86 20,036.45 o.ss Aal752,437.4B 4.4B 05/31/2029 1,308 ,2(47391 75a,746 AA+ 101.21 21,60156 i.ss Aal1,395,351.57 4.07 07/31/2029 1,369 1416,5al3 1395135157 ,+

99.43 (7,546.87) i.ss Aal1,399,562.50 3.51 09/30/2029 1,430 13921015B3 11399,8250 AA+ 10170 11,894.54 o57 Aal496,621.09 4.28 TO/31/2029 1,461 5081515B3 496(62t09 AA+ 91282CLRO
91282CMG3
91282CNX5
U.S.TREASURIES
TOTAL
USTREASURY 4'l25
10/31/29
USTREASURY 4.250
01/31/30
USTREASL1RY3.625
08/31/30
u.S.AGENCIES
10/29/2024
10/31/2024
02/27/2025
02/28/2025
1100,000.00
1,100,000.00
1,098,324.22

0.00 1,106,359.37

0.00 1,098,324.22
1,106,359.37
10/TO/2025
10/14/2025 g'ooo'oo 974,047.85 gz8,30.78
4,295.93
18,448,000.00 181236198'694,295.93
18,241,282.62
4i6 10/31/2029
4j2 01/31/2030

3.65 08/31/2030

4.05 101.70 20,410j6 i25
l"st 1,118,734.38 1,098,324.22
102.23 18,132.82 1125
i553 1,124,492:19 1106,359.37
gg.es (2,399.41) tos
i765 971,B4B.44 974,047.B5
100.67 330,567.72 2oJl
1}082 18,567,554.41 18,236,986.69
Aal
AA+
Aal
AA+
Aa1
AA+
AA+

FEDFARMCRBNKS
3133ENJ35 3.320 02/25/26
FHLBANKS O.960
3130ALHHO 03/05/26'25
3130ALGJ7
31422BGV6
3130AGMT9
3130AMVU3
3130ANED8
3130ANMHO
3134GW4C7
3130AQJX2
FHLBANKS 1.000
03/23/26 '25
FARMER MAC 2.260
06/24/26 MTN
FHLBANKS 2.450
06/24/26 '25
FHLBANKS 1.350
06/29/26
FHLBANKS 1.000
07/27/26 '25
FHLBANKS 1jOO
08/20/26 '25
FREDDIE MAC O.800
10/27/26 '25 MTN
FHLBANKS 2.750
01/28/27 a25
08/19/2022
08/25/2022
750.000.00 749-87250 74a872.500.00
08/17/2022
08/18/2022
08/19/2022
08/22/2022
07/25/2023
07 /28/2023
08 /17/2022
08/18/2022
750.000.OC1
712,968.75
845,000,00
688,327.50

0.00 670.724.44

0.00 601.746.30

0.00 295,000.00
10/10/2023 loOo.oOOnOTO/it/2023
283.200.00

0.00 910.220.00

0.00 688,327.50
870,724.44
601,746.30
283,200.00
910,220.00
08/17/2022
08/18/2022
08/17/2022
08/'18/2022
08/17/2022
08/18/2022
08/17/2022
08/18/2022
750,000.00
750,000.00
683,295.00

0.00 685,320.00

0.00 750,000.00
675,420.00

0.00 500.000.00
468,555.00

0.00 683.295.00
685.320.00
675,420.00
468.555.00

3.33 02/25/2026

3.44 03/05/2026

2.75 03/23/2026

4.76 06/24/2026

3.57 06/24/2026

4.92 06/29/2026

3.43 07/27/2026

3.42 08/20/2028

3.36 10/27/2026

3.68 0V28/2027

99.80 748,485.00

98.96 742,230.00

98.82 704,562.85

98.88 637,782.45

98.90 291,760.90

98.24 982,390.00

97.82 733,612.50

97.76 733,222.50

97.12 728,422.50
9928
496,300.00
(1,387.50) Aa!

0.83 749,872.50 AA+
53,902.50 0B3 Aal
688,327.50 AA+
33,838.85 o79 Aal
670,724.00 AA+
36,036.15 071 NA
601,746.30 NA
8,560.90 033 Aal
283,200.00 AA+
72,170.00 1110 Aal
910,220.00 AA+
50,317.50 oB2 Aal
683,295.00 AA+
47,902.50 oB2 Aal
685,320.00 AA+
53,002.50 0BI Aal
675,420.00 AA+
27,745.00 055 Aal
468,555.00 AA+
8 214
Position Statement
MEEDER
puminc yu*aoa
CUSIP
3130AKX92
3130AQRH8
3130AR7E5
31424WAF9
3136G4ZY2
3133ENG87
3133EL4D3
3136G43F8

DESCRIPTION
FHLBANKS O.750
02/12/27'25
FHLBANKS 2.000
02/25/27a25
FHLBANKS2.600
03/25/27 '25
FARMER MAC 4.875
04/01/27 MTN
FANNIE MAE O.750
07/20/27'25

FED FARM CR BNKS

2.920 08/17/27

FEDFARMCRBNKS

0.900 08/19/27 '25
FANNIE MAE O.700
09/30/27'25
742651DZ2 PEFCO 3.90010/15/27
FHLBANKS 4.250
3130ATUS4 1,,0127
880691EZ1 TVA3.87503/15/28
880591EZ1 TVA3.87503/15/28
3133EPNH4
3133EPQDO
3130ANRG7
3133EPtlN3
31422X7K2
3133EPA47
3130AXQK7

FEDFARMCRBNKS

3.875 06/21/28

FED FARM CR BNKS

4.250 07/17/28
FHLBANKS 1250
08/24/28'25

FEDFARMCRBNKS

4.500 08/28/28
FARMER MAC 4.700
09/27/28 MTN

FEDFARMCRBNKS

4.B75 11/01/28
FHLBANKS 4.750
12/08/28
U.S.AGENCIES
TOTjlL
PRINCIPALCOST UNREALIZED MOODYaS
TRADE DATE PURCHASED YIELD TO MATURITY DAYS TO MARKET PRICE GAIN/LOSS BOOK % OF S&P SETTLEDATE PARVALUE INTEREST TOTALCOST MATURITY DATE MATtlRITY MARKETVALIIE VALUE MV RATING 08/23/2022 97.37 31976.00 o., Aal357,500.00
400,000.00 357,500.00 3.56 02/12/2027 489
08/24/2022 0.00 389,476.00 357,500.00 AA+
08/17/2022 97.48 17,655.75 Aal494:109.00
525,000.00 494:109.00 3.42 02/25/2027 482 0.57
08/18/2022 0.00 511,764.75 494,109.00 AA+
08/19/2022 98.23 9,738.75 Aal505,974.00525,000.00 505,974.00 3.46 03/25/2027 5'l0 0.58 08/22/2022 0.00 5'l5,712.75 505,974.00 AA+
101.34 14,650.00 NA10/TO/2023 1252,125.00j,250,000.00 1.252.125.00 4.82 r)41C1112027 517 14'l To/11/2023 0.00 1,266,775.00 1,252,125.00 NA
TO/10/2023 94.B7 92,330.00 Aal856,400.00
1,000,000.00 856.400.00 4.93 07/20/2027 627 1.06
10/11/2023 0.00 948,730.00 856.400.00 AA+
08/18/2022 98.65 (4j25.34) Aal654,209.07
859,000.00 654.209.07 3.08 08ff'/2027 655 0.73
08/19/2022 0.00 650,083.73 654,209.07 AA+
08/17/2022 667110.00750,000.00 667,110.00 3.32 08/19/2027 657 08/19/2022 0.00
267.343.65
315,000.00 267,343.65 4.94 09/30/2027 699
10/11/2023 0.00
10/10/2023
04 /28/2023 550,016.005 50,000.00 550,016.00 3.90 TO/15/2027 T1405/03/2023 0.00 12/22/2022 1,219,308.001.200,000.00 1,219,308.00 3.89 12/TO/2027 770 12/23/2022 0.00
03/28/2023 995.780.001,000,000.00 995,780.00 3.97 03/15/2028 866 03/30/2023 0.00
03/28/2023 747,172.50750,000.00 747,172.50 3.96 03/15/2028 886 03/30/2023 0.00
06 /15/2023 696.885.007 00,000.00 696.885.00 3.97 06/21/2028 964 06 /21/2023 0.00
07 /11/2023 996,970.001.000,000.00 996.970.00 4.32 07/17/2028 990 07/17/2023 0.00
944.B30.40

1.120,000.00 944.B30.40 4.90 08/24/2028 1.028
10/11/2023 0.00
10/10/2023
08/25/2023 799,574.56800000.00 799,574.56 4.50 08/28/2028 10C12 08 /28/2023 a O.00
9 95,650.00
1,000,000.00 995,650.00 4.80 09/27/2028 1062
10 /02/2023 0.00
09/27/2023
947,251.65
950,000.00 947.251.65 4.94 1VOV2028 1097
11/01/2023 0.00
10/25/2023
12/07/2023 905,700.15885,000.00 905,700j5 4.22 12/08/2028 1,134 12/08/2023 0.00
21,270,389.72
22,2Eli,968.75 o,0 21,270,389.72 4.08 648

94.97 712,245.00

94.02 298:17245

99.88 549,323.50
101.27
1,215,216.00
100.51
1,005,120.00
100.51
753,840.00
100.44
703.080.00
101.50
1,014,980.00

92.95 1041,084.80
102:18
817,296.00
102.50
1,024,950.00
103.24
980,742.00
103.09
912,355.35

99.29 2 2,107,716.03
45j35.00 079
867.110.00
28,828.80 o.ss
267,34S.65
(692.50) 016,
550,016.00
(4,092.00) 136
1,219.308.00
9,340.00 tl2
995.780.00
6,667.50 0B4
747,i72.50
6,195.00 ol78896,885.00
18,010.00 t,3
996,970.00
96,454.40 1116
944.630.40
17,721.44 ol9,
799,574.56
29,300.00 il4
995.650.00
33,490.35 ,lo9
947,251.65
6,855.20 i.o:
905,700.15
837,326.75 24.6
21,270,389.28
Aal
AA+
Aal
NA
Aal
AA+
Aal
AA+
Aal
AA+
Aal
AA+
Aal
M+
Aal
AA+
Aal
AA+
NA
NA
Aa'l
AA+
Aal
AA+
U.S.AGENCIES
MBS
FHMS K-509 A2 4.85
3137HAST4 09i>u2028
3137FLN91 FH-KO91-42
10/25/2023
10/31/2023 100QOOaOO
03/21/2025
03/26/2025 1000,000.00
968;117.00

0.00 972,812.50

0.00 968,117.00 5.52 09/25/2028 1,060
972.812.50 4j8 03/25/2029 1241
102.36
1,023,576j7

98.68 986,816j3
55,459j7 il4968,117.00
14,003.63 i.io972,812.50
Aal
AA+
Aal
AAA
g
215
Position Statement
MEEDER
PflllC PuNDffi.

CUSIP
3137HCKV3
3137HFF59
3137HJ5Y9

DESCRIPTION
FHMSK-520 A25.18
03/25/2029
FHMS K-527 A2 4.618
07/25/2029
FHMS K-534A2 4.7
11/25/2029

PRINCIPALCOST
TRADEDATE PURCHAS!D

SETTLEDATE PARVALUE INTEREST
04/23/2024 1,004,059.001.000,000.0004/30/2024 0.00
08/13/2024 1,526,211.001.500,000.0008/22/2024 0.00
OV23/2025 996.755.00
01/30/2025 i,ooo,ooo.oo o.oo
3132XKZL14 FH WN5254
3137HN6B9 FHMs'547A24A2'
05/25/2030
09 /30/2025
10 /03/2025
09/23/2025
09/29/2025
1,489,000.00
1250,000.00
1,497,375.63
359.84
1,268,711.25

0.00 MBSTOTAL 812391oo,oo 8,234,041.38359.84

COMMERCIAL
MBS
3,37B,82 FHMSK-063423.43 05/18/2023
01/25/2027 05/23/2023

COMMERCIAL

MBSTOTAL

1.000,000.00 972118750

0.00 1,000,000.00 972118750

0.00 UNFIEALIZED MOODY'S
YIELD TO MATURITY DAYS TO MARKET PR(CE GAIN/LOSS BOOK % OF S&P TOTALCOST MATURITY DATE MATLIRITY MARKETVAlUE VALUE MV RATING 103.47 30,659.08 i.is Aal1-00405900 s.oi 03/25/2029 1241 ilos417l8Ds 1.004,059.oo + 102.01 3,864.18 iyi Aal1,526,211.00 4.16 07/25/2029 1,363 i,sso,ozei.is 115262,00 AA+ 102.42 27,439.92 tl4 Aal996,755.00 4.70 11/25/2029 1,486 110241194,2 ggs;zss.oo ,+ 100.99 6,306.36 Aal

1.497,735.47 4:15 05/01/2030 1.643 ,,03168,B9 1497,75B3 1.68 AA+ 101.52 255.45 Aal
1268,71125 4.00 05/25/2030 1667 t2681966170 ,26817,25 1.42 AA+ 101.63 137,987.79 934 AA+81234140t22 4" "'oa 8,372,029.17 8,234,041.38 972,187.50
972,187.50
4j8 01/25/2027 451
451

99.31 993146.50

99.31 993,146.50
20,959.00 t,l972,187.50
20,959.00 t.ii972,187.50 AA+
NEaOTIABLE CD'S
798186P22
14042RVN8
90355GDTO
949764HE7
91139LAS5
89235MPT2
SANJOSECALIFLINI 08/18/2022
SCHDIST1.01408/01/27 08/22/2022 zso*oooioo
CAPITL ONE NA 5.000 1VT5/2022
08/01/2023 ""'gaooo'oo
WELLSFARGOBANK 10/23/2023

5.05010/31/28 10/31/2023 248100aOO
06/04/2024
URSB4.60006/13/29 o6/17/2o24 249,000.00
TOYOTAFINLSVGS4.450 07/15/2024
07/18/29 07/18/2024 2"00a00
NEGOTIABLECDaS
TOTAI

MUNICIPAL
BONDS
1,983,000.00
668,362.50

0.00 243,000.00

0.00 248,066.25

0.00 246,884.00

0.00 247.879.50

0.00 243,878.00

0.00 1898,070.25

0.00 576004HA6
4j9792YR1
13063DRD2
419792A97
MASSACHUSE"S 08/26/2022 999.840.00
'a=l=l+==# 08/30/2022 000

3.670 Cn/15/26
HAWA11ST0.893 08/23/2022 i.ooo.ooo.oo 909,040.00
08/01/26 08/25/2022 0.00
CALIFORNIASTATE2.375 09/06/2022 soo.ooo.oo 472,580.00
10/01/2B 0910812022 0.00
08/31/2022 915.110.00
HAWAllSTl.28310/01/26 1.000.000.0009/02/2022 0.00
668,362.50 3.43 08/C)1/2027
243,000.00 5.00 1V16/2027
248,066.25
246,884.00
247,879.50
243,878.00

4.53 06/01/2028

5.15 10/31/2028

4.70 06/13/2029

4.48 07/18/2029
1,898,070.25 4.28
639
746
944
1,096
1,321
1,356
926

95.42 715,632.00
102.55
249,191.64

99.48 247,696.68

99.73 247,331j3

99.67 248,188.22

99.96 243,909.47

98.50 1,951,949.14
999,840.00 3.68 0i/15/2026 76
909,040.00 3.38 08/01/2026 274
472,580.00 3.85 10/01/2026 335
915;110.00 3.54 10/01/2026 335

99.94 ggg,sgzoo

97.83 978,252.00

98.66 493,323.50

97.70 977,039.00
47,269.50 o.so668,362.50
6191.64 o.zs243,000.00
(369.57)

0.28248,066.25
447j3 NA
246,884.00 a28 NA
308.72 NA
247,879.50 028 NA

31.47 NA
243,878.00 027 NA
53,87B.8') ,18 NA1,898,070.25
(443.00) Aa'l
ljl
999,840.00 NA
69,2i2.00 1109
909,040.00
20,743.50 a55
472,580.00

61.929.00 i.og
915,110.00
Aa2
AA+
Aa2
AA-
Aa2
AA+
10 216
MEEDER
PUB!tC FuNtl!ti
Position Statement
PRINCIPALCOST UNREALIZED MOODYaS
TRADEDATE PURCHASED YIELDTO MATURITY DAYSTO MJkRKETPRICEGAIN/LOSS BOOK %OF S&P

CUSIP DESCRIPTION SETTLEDATE PAFIVALUE INTEREST TOTALCOST MATURITY DATE MATURITY MARKETVALUE VALUE MV RATING RICHMOND o"" 08/26/2022 99.54 (3.245.90) NA700.000.00764464AE3 PENS10NFDG4.334 700.000.00 700.000.00 4.33 01/15/2027 44109/08/2022 698.754j0 700.000.00 AA-01/15/27 GEORGIA ST 2.380 09/09/2022 98.32 33.993.00 Aaa949j90.00373384jlXl , 1.000.000.00 949;190.00 3.64 02/01/2027 458 1j002/01/2726 09/13/2022 0.00 983j83.00 949.190.00 AAA

98.70 70,909.00 Aa2RIVERSIDECNTYCALIF 11/17/2022 918j30.001.000.000.00 916j30.00 5j9 02/15/2027 472 987.039.00 916j30.00 AA76913CBB4 PENS102.96302/15/27 11/21/2022 0.00 'jo

1.000.000.00576004HDO (COMMONWEALTH 1.000.000.00 1.000.000.00 3.68 07/15/2027 62208/30/2022 997.063.00 1.000.000.00 NA3.68007/15/27 0.00 tfi CALIFORNIASTATE1.700 10/10/2023 874.540.00 95.52 80.629.00 Aa2874.540.00 4.97 02/01/2028 823 955.169.00 874.540.00 44-13063DC48 0701/28 10/1V2023 i.ooo,ooo.oo O.00 1.07 CALIFORNIA STATE 11/05/2024 102.35 26:114.72 Aa21.365.902.4013063EGT7 1.360.000.00 1.554.50008/01/29 11/06/2024 0.00 i,sss,goz.<o 4AO 08/01/2029 1-370 1.392.017.12 1.365.902.40 - MUNICIPAL 98.98 356,904.329.102.332.409.560.000.00 9.102.332A0 4.08 568 AA9.459.236.72 9,102,332.A0BONDSTOTAL O.00 "ss

ASSET-BACKED

SECURITIES
100.08 1,872.40 Aaa12/03/2024 668.691.41254683CY9 DCENT-231-A 670.000.00 668.691.41 4.37 03/15/2028 866 0.7512/04/2024 0.00 670,563.81 668,691.41 NA 01/13/2025 100.78 8,576.31 ISIR999.257.81
161571HV9 CHAIT-241-A , 1.000.000.00 1j20 1/14/2025 0.oo 999,257.81 4.62 01/16/2029 1,173 1007B3412 9991257B, A, 11/12/2024 100.08 13.833.39 NA738.757.8114041NGE5 COMET-241-A 750.000.00 736,757.81 4.32 09/17/2029 1,417 0.8411/13/2024 0.00 750.591.20 736.757.81 AAA 101.04 T0,389.76 i.is02/04/2025 999.969.2043814VAC1 HONDO-251-A3 1.000.000.00 999.969.20 4.57 09/21/2029 1.42102/11/2025 0.00 1,010,358.98 999,969.20 444

ASSET-BACKED
sEcURITIEs a,azo.ooo.oo 3.404.678.23 100.57 34.671.853,404,676.23 4.49 1,239 3.84 AAAO.00 3.439.348.08 3.404.876.23 TOTAL

CORPORATE
BONDS
APPLE0.70002/08/26 08/3j/2022 905.450.00 99j6 86,160.00 Aaa037833EB2 . 1.000.000.00 905.450.00 3.66 02/08/2026 TOO 1.fi26 09/02/2022 0.00 991,610.00 905,450.00 AA+ BERKSHlRE3j25 08/31/2022 99.67 14,400.00 Aa2111982.290.00 084670BS6 , 1.000.000.00 982.290.00 3.66 03/15/2026 13503/15/2625 09/02/2022 0.00 996,690.00 982,290.00 44 C1TIBANKNAUS5.438 09/11/2024 764.580.00 100.55 ('10.470.00) Aa317325FBF4 , 750,000.00 0.8404/30/26 26 09/12/2024 Ono 764.580.00 4:13 04/30/2026 181 754,0100 ztia,sso.oo A* AMAZON.COM1.OOO 09/06/2022 722.760.00 98.46 64.952.00 41023135BX3 , 800.000.00 0.8805/12/26 26 09/08/2022 o.o0 722.760.00 3.84 05/12/2026 193 7871712nO 7221760nO , WELLSFARGOBANK 10/08/2024 738.798.75 100.95 (6,880.25) Aa294988J6D4 , 726.000.00 738,796.75 4.30 08/07/2026 280 0.825.45008/07/2626MTN TO/09/2024 0.00 731916.50 738,79B.75 A+ JOHNDEERECAP4.150 09/06/2022 749.625.00 100.55 4477.50 AT24422EWK1 750.000.00 a O.8409 /15/27MTN 09/15/2022 onO 749,625.00 4j6 09/15/2027 684 754lo25o 7491625nO A 10 0.50 5,382.95 Aa3PROCTERGAMBLE 08/29/2024 994.602.00995.000.00 994.602.00 3.98 01/26/2028 817 999.984.95 994,B02.00 AA-7427"FZ7 3.95001/26/28 08/30/2024 0.00 '1'- 101.33 10.021.00 Aa2CHEVRONUSA4.475 03/06/2025 1.104.831.001.100.000.00 1.104.631.00 4.32 02/26/2028 848 1114,652.00 '1;104,63100 AA-166758BB1 02/26/28'28 03/07/2025 0.00 """1,104,631.00 II
217
Position Statement
/-''("' ! l I'll '! '& D E R

PRINCIPALCOST

TRADEDATE PURCHASED

CUSJP DESCRIPTION SETTLEDATE PARVALUE INTEREST
478160DH4
713448FX1
30303M8S4
JOHNSON&JOHNSON 02/19/2025 1.301.586.00, 1.300.000.004.55003/01/2828 02/20/2025 0.00 PEPSICO4.50007/17/29 07/15/2024 95.ooO.oo 954.579.8029 07/17/2024 0.00 METAPLATFORMS4.300 TO/02/2024 1375nOonO 1.396.958.7508/15/29'29 10/03/2024 0.00 30231GBE1
58933YBQ7
EXXON MOBIL2.440
08/16/29 '29
MERCK&CO 4j50
09/15/30 '30
166756BJ4 CHEVRON USA 4.300TO/15/30 '30

CORPORATE

BONDSTOTAL
08 /30/2024
09 /03/2024
09/25/2025
09/26/2025
825,000.00
1,500,000.00
TO/10/2025
10/15/2025 1,000,000.00
765,954.75

0.00 1,499,355.00
2,939.58
1,009,300.00
7405.56
l410751000.oo 13,890,469.0510,345.14

SUPRANATIONAL

UNREALIZED MOODY'S
YIELD TO MATLIRITY DAYS TO MARKET PRICE GAIN/LOSS BOOK % OF S&P

TOTALCOST MATURITY DATE MATURITY MARKETVALLIE VALUE MV RATING 10183 22,256.00 1148 Aaa1,301586.00 4.51 03/OV2028 852 la:a,sa:.oo l30ll586.o0 101.95 19,071.35 io9 AT954579EO <.si 07/17/2o29 1355 973.65u5 954.!9.80 A+ 100.94 (9,088.75) i.ss Aa31396,958.75 393 08/15/2029 1,384 iasza-io.oo 1.396.958.75 A'

95.22 19,!4(:9..(O oB8 Aa2
100.20 3,600.00 ,168 Aa31,502,294.58 4.16 09/15/2030 1,780 115021955no t<go,sss.oo A 100.85 (770.00) 112 Aa21,016,705.56 4.09 TO/15/2030 1,810 i.oos.bso.oo i.oog.soo.oo 131900181419 "o o'a 14113,149.85 13,890,469.05
459058JS3 IBRD0.65002/TO/26'25
4581XOEN4 lDB4j2502/15/29MTN
4581XODGO 1DB2.25006/18/29MTN 06/28/202407/01/2024 i"'oo*oooioo

SUPRANATIONAL
TOTAL
SAMPLE
CLIENT
TOTAL
09/09/2022
09/13/2022
02/16/2024
02/21/2024
1,000,000.00 899,260.00

0.00 899,260.00
625.000.00 618,081.25 618108125

0.00 3,125,000.00
1,361,524.50

0.00 2,878,865.75

0.00 1,361,524.50
2,878,865.75

98.87 89.440.00 'i.ioa83 0"10/2026 'o"' 988,700.00 899,260.00 101.41 15,700.00 0714.37 02/15/2029 1203 e33,7slpEi 618,081.25 95:17 85,950.50 i.sg
4' 06/18/2029 11326 1,427,475.00 136i524.50

97.66 171,090.50 3Ao"a "'o' 3,049, €)56.25 2,878,865.75 Aaa
AAA
Aaa
AAA
Aaa
AAA
AAA
8917411618, 87,499,668.33is,ooo.gt 87,514,669.24 4.08 2,166,067.61 lo,oO ,823 89,665,735.50 87,499,667.89 GRANDTOTAL 89i74l16l&l, U,499p&3315,000J)1 87,514,889.24 4.08 823 89,665,735.50 2,166,067.61 loo.oO87,499,667.89 AA 12 218
Transaction Statement
a,

M E E D- E R
J18!IC ftJiWO!li

TRADEDATE SETTLEDATE CUSIP DESCRIPTION
PtlRCHASED

PARVALUE PRINCIPALCOST INTEREST

PURCHASE

TOTAL YIELD
BUY
09/30/2025 10/03/2025
TO/10/2025 10/14/2025
TO/TO/2025 10/15/2025
3132XKZU4
91282CNX5
FHWN5254
USTREASURY3.625 08/31/30
1BB758BJ4 CHEVRONLISA4.30010/15/30'30
1,489,000.00 1,497.375.83 359.84 (1,497,735.47)
975,000.00 974,047.85 4,295.93 (978,343.78)
1,000,000.00 1,009,300.00 7,405.58 (1,016,705.56)

BIIYTOTAL

MATURITY

TRADEDATE SETTIEDATE CUSIP DESCRIPTION
3,464,000.00 3,480,723.48 12,061.33 (3,492,784.81)

PARVALUE BOOKVALUE
NET

REALIZED

TOTAL GAIN/LOSS
10/22/2025 10/22/2025 3134GWZVI FEDERALHOMELOANMORTGAGECORP0.65 (sso,ooo.oo) 6231267BO 10/22/2025
680.000.00 56,732.40
MATURITYTOTAL (680,000.00) 623,2a7.60 680,000.00 68,732.40 SELL

TRADEDATE SETTLEDATE CUSIP DESCRIPTION PARVALUE BOOKVALUE NET

REALIZED

TOTAL GAIN/LOSS
TO/01/2025 TO/02/2025 3133ENFN5 FEDFARMCRBNKSt540lV30/26a25 (750,000.00) 692,212.50 731.827.50 39,615.00 TO/01/2025 10/02/2025 91282CFB2 USTREASURY2.75007/3V27 10/TO/2025
10/10/2025

SELLTOTAL
10/14/2025 3133EPGW9 FEDFARMCRBNKS3.87504/25/28
10/14/2025 3133EPLD5 FEDFARMCRBNKS3.87505/30/28
(750,000.00) 740,625.00
(1jO0,000.00) 1;104.444.00
(850,000.00) 847.654.00
(3,450,000.00) 3,384,935.50
739,013.67
1j08,470.00
856,757.50
(1,611.33)
4,026.00

9.103.50
3,436,068.67 51,133.17
13 219
Income/Dividend Received
MEEDER
P u m 11 C P!J 'M D 6

IDENTIFIER DESCRIPTION

INTEREST/DMDENDS

PAYMENTDATE POSTDATE RECEIVED
13063DRD2
31846V567
419792A97
90355GDTO
3133ENFN5
91282CFB2
3133EPGW9
91139LAS5
3133EPLD5
14041NGE5
181571HV9
742651DZ2
CALIFORNIA STATE 237510/01/26
FIRST AMER:GVTOBLG:Z
HAWAII ST1.28310/01/28
UBSLISA 4.45006/OV28
FED FARM CRBNKS1.54011/30/26'25
USTREASuRY2750 07/31/27
FED FARM CR BNKS 3.875 04/25/28
URSB 4.600 06/13/29
FED FARM CR BNKS 3.875 05/30/28
COMET-241-A
CHAIT-241-A
PEFCO 3.90010/15/27
254683CY9 DCENT-231-A
3136G4ZY2 FANNIE MAE O.750 07/20/27'25
43814VAC1 HONDO-251-43
FEDERAL HOME LOAN MORTGAGE CORP O.65
3134GV'l TO/22/2025
3137HCKV3 FHMS K-520 A2 5.18 03/25/2029
3137HN6B9
3137HFF59
3137BVZ82
3137FLN91
3134GW4C7
FHMS K-547 42 4.421 05/25/2030
FHMS K-527 42 4.618 07/25/2029
FHMS K-063 42 3.43 01/25/2027
FH-KO91-A2
FREDDIE MAC O.80010/27/26 a25 MTN
3137HJ5Y9 FHMS K-534 42 4.711/25/2029
3137HAST4
17325FBF4
91282CFUO
949764HE7
91282CLRO
FHMS K-509 42 4.85 09/25/2028
CITIBANK NA US 5.438 04/30/26 a26
USTREASURY 4.12510/31/27
WELLS FARGO BANK5.050 TO/31/28
US TREASLIRY 4.12510/31/29
10/01/2025
09/30/2025
10/01/2025
10/01/2025
10/01/2025
10/01/2025
10/01/2025 10/01/2025
10/01/2025 10/02/2025
10/01/2025
10/10/2025
10/13/2025
10/TO/2025
TO/15/2025
10/15/2025
10/15/2025
TO/15/2025
10/20/2025
10/21/2025
10/22/2025
10/01/2025
TO/01/2025
TO/01/2025
10/02/2025
10/14/2025
10/14/2025
10/14/2025
10/15/2025
10/15/2025
10/15/2025
10/15/2025
10/20/2025
10/21/2025
10/22/2025
10/27/2025
10/27/2025
10/27/2025
TO/01/2025 10/27/2025
TO/01/2025
10/27/2025
10/01/2025
10/27/2025
10/27/2025
10/27/2025
10/01/2025
10/30/2025
10/27/2025
10/30/2025
10/3V2025
10/31/2025
10/31/2025
10/31/2025
10/31/2025
10/31/2025
5,937.50
9,401.56
6,415.00
910.73
3,914.17
3,530.91
20,010.07
941.42
12,260.07
2 ,450.00
3 ,833.33
10,725.00
2,406.42
625.00
3,808.33
2,210.00
4,316.67
4 ,605.21
5 ,772.50
2,858.33
2 ,920.83
3 ,000.00
3 ,916.67
4 ,041.67
20,392.50
21,243.75
1,063.68
33,000.00
220
Income/Dividend Received

USBANK TOTAL
TOTAL
MEEDER
Pull (: Pui'MDa
196,511.32
196,511.32
15 221
Contribution/Withdrawals and Expenses
PO3TDATE

WITHDRAWAI
TO/09/2025

WITHDRAWAL TOTAL
MANAaEMENTFEE
10/29/2025

MANAGEMENT FEETOTAL

PARVALUE
(1000,000.00)
(1,000,000.00)
(4,000.00)
(4,000.00)

MEEDERI
PUBLIC FuMOt
TOTAL
(1,000,000.00)
(1,000,000.00)
(4,000.00)
(4,000.00)
16 222
Projected Income
For the Period November 01, 2025 to October 31, 2026 CUSIP
90355GDTO
3133EPA47
023135BX3
91139LAS5

DESCRIPTION
UBS USA 4.450 06/01/28
FEDFARMCRBNKS 4.87511/01/28
AMAZON.COM 1.000 05/12/26 '26
URSB 4.600 06/13/29
14041NGE5 COMET-241-A
254683CY9 DCENT-231-A
912828U24 USTREASURY2.00011/15/26
161571HV9 CHAIT-241-A
14042RVN8 CAPITL ONE NA5.000 11/16/27
3136G4ZY2
43814VAC1
3137HJ5Y9
3137HAST4
3137FLN91
3137HFF59
3137HN6B9
3132XKZU4
3137HCKV3
FANNIE MAE O.750 07/20/27aa25
HONDO-251-A3
FHMS K-534 A2 4.711/25/2029
FHMS K-509 A2 4.85 09/25/2028
FH-KO91-A2
FHMSK-527A2 4.61807/25/2029
FHMS K-547 A2 4.421 05/25/2030
FH WN5254
FHMSK-520A25j8 03/25/2029
3137BVZ82 FHMS K-063 423.43 01/25/2027
3137HJ5Y9 FHMS K-534 A2 4.711/25/2029
NOV2025TOTAL
90355GDTO
9Q82CKT7
91282CFZ9
949764HE7
3130AXQK7
3130ATUS4
91139LAS5
UBS USA 4.4E,0 0S/01/28
US TREASIJRY 4.500 05/31/29
USTREASURY3.875 11/30/27
WELLS FARGO BANK 5.05010/31/28
FHLBANKS 4.750 12/08/28
FHLBANKS 4.250 12/10/27
URSB 4.600 06/13/29

POSTDATE
11/03/2025
11/03/2025
11/12/2025
11/13/2025
11/17/2025
11/17/2025
11/17/2025
11/17/2025
11/17/2025
11/20/2025
11/21/2025
11/25/2025
11/25/2025
11/25/2025
11/25/2025
11/25/2025
11/25/2025
11/25/2025
11/25/2025
11/28/2025
12/01/2025
i2/Oi/2025
12/01/2025
12/01/2025
12/08/2025
12/10/2025
12/15/2025
MEEDER
puaiic PUMO$
AMOUNT
941.08
23;156.25
4,000.00
972.81
2,450.00
2,406.42
11,000.00
3,833.33
6,124.93
625.00
3,808.33

3.916.67
4,041.67
2,920.83
5,772.50
4 ,605.21
5 ,577.55
4,316.67
2,858.33
4,M.7B
97,505.35
910.73
16,897.50
21,312.50
1 ,029.37
2 1,018.75
25,500.00
941.42
223
SAMPLE CLIENTIOCTOBER 31, 2025
Projected Income
For the Period November 01, 2025 to October 31, 2026 CUSIP
14041NGE5
254883CY9
161571HV9
4581XODGO
3133EPNH4
43814V ACT
3136G4ZY2
31422BGV6
:3130AGMT9
3137BVZ82
3137HAST4
3137FLN91
3137HFF59
3137HN6B9
3132XKZU4
3137HCKV3
3137HJ5Y9
3130AMVU3
949764HE7
9i282CGC9

DESCRIPTION
COMET-241-A
DCENT-231-A
CHAIT-241-A
1DB2250 06/18/29 MTN
FED FARM CR BNKS3.875 06/21/28
HONDO-251-43
FANNIE MAE O.750 07/20/27'25
FARMER MAC 2.260 06/24/26 MTN
FHLBANKS 2.450 06/24/26 '25
FHMS K-063 42 3.43 01/25/2027
FHMS K-509A2 4.85 09/25/2028
FH-KO91-42
FHMS K-527A2 4.618 07/25/2029
FHMS K-547A2 4.421 05/25/2030
FH WN5254
FHMS K-520 42 5.18 03/25/2029
FHMS K-534 A2 4.711/25/2029
FHLBANKS 1.350 06/29/26
WELLS FARGO BANK5.050 10/31/28
uSTREASLlRY3.875 12/31/27
91282CEW7
91282CHKO
DEC2025TOTAL
90355GDTO
91139LAS5
578004HA6
764464AE3
576004HA6
USTREASLIRY3.250 06/30/27
USTREASURY 4.00006/30/28
UBSLISA 4.450 06/01/28
URSB 4.600 06/13/29
MASSACHUSETTS (COMMONWEALTH 3.670 01/15/26
RICHMONDCALIFPENSIONFDG 4.33401/15/27
MASSACHUSETTS (COMMONWEALTH 3.870 01/15/26

POST DATE
12/15/2025
12/15/2025
12/15/2025
12/18/2025
12/22/2025
12/22/2025
12/22/2025
12/24/2025
12/24/2025
12/25/2025
12/25/2025
12/25/2025
12/25/2025
12/25/2025
12/25/2025
12/25/2025
12/25/2025
12/29/2025
12/31/2025
12/31/2025
12/31/2025
12/31/2025
01/02/2026
01/13/2026
01/15/2026
01/15/2026
01/15/2026
MEEDER
Pu!}100 FuNtl5.

AMOUNT
2,450.00
2 ,406.42
3 ,833.33
16,875.00
13,562.50
3,808.33
625.00
7,288.50

3.613.75
2,858.33
4,04i.B7
2,920.83
!5,77:.so
4 ,605.21
5 ,389.46

4.316.67
3,916.67
6,750.00
1,063.68
2 2,281.25
13,812.50
27,000.00
246,801.87
941.08
972.81
18,350.00
15 ,169.00
16 0.00
224
SAMPLE CLIENT IOCTOBEFI 31, 2025
Projected Income
For the Period November 01, 2025 to October 31, 2026 CUSIP
161571HV9
576004HDO
14041NGE5
254683CY9
3136G4ZY2
3133EPQDO
713448FX1

DESCRIPTION
CHAIT-241-A
MASSACHUSEnS (COMMONWEALTH 3.680 07/15/27
COMET-241-A
DCENT-231-A
FANNIE MAE O.750 07/20/27'25
FED FARM CR BNKS 4250 07/17/28
PEPSICO 4.500 07/17/29 '29
89235MPT2
43814VAC1
TOYOTAFINLSVGS 4.45007/18/29
HONDO-251-A3
3137HJ5Y9
3137HAST4
3137BVZ82
3137FLN9i
3137HFF59
3132XKZU4
3137HN6B9
742718FZ7
3137HCKV3
3130ANED8
3130AQJX2
JAN 2026 TOTAL
91282CJW2
13063EGT7
91282CMG3
90355GDTO
i3063DC48
91282CHQ7
419792YR1
FHMSK-534 A2 4.711/25/2029
FHMS K-509 42 4.85 09/25/2028
FHMS K-063 A2 3.43 01/25/2027
FH-KO91-42
FHMS K-527A2 4.618 07/25/2029
FH WN5254
FHMS K-547A2 4.421 05/25/2030
PROCTER GAMBLE3.950 01/26/28
FHMS K-520 425:18 03/25/2029
FHLBANKS1.OOO 07/27/26 a25
FHLBANKS 2.750 01/28/27a25
USTREASURY 4.00001/31/29
CALlFORNlAST 4.50008/01/29
USTREASLIRY 4.25001/31/30
UBS USA 4.450 06/01/28
CAL1FORNIAST1.700 02101128
uSTREASLIRY 4.12507/31/28
HAWAII ST0.893 08/01/26

POSTDATE
01/15/2026
01/15/2026
01/15/2026
01/15/2026
01/20/2026
01/20/2026
01/20/2026
01/20/2026
01/21/2026
01/26/2026
01/26/2028
01/26/2026
01/26/2026
01/26/2026
01/26/2026
01/26/2026
01/26/2026
01/26/2026
01/27/2026
Cn/28/2026
02/02/2026
02/02/2028
02/02/2026
02/02/2026
02/02/2026
02/02/2026
02/02/2026

M- E E D E R
PUMA!C F!JN@8
AMOUNT
3,833.33
18,400.00
2,450.00
2,406.42
625.00
21,250.00
21,487.50
5,473.62
3,808.33
3 ,916.67
4 ,041.67
2,858.33
2,920.83
5,772.50
5,385.61
4,605.21
19,651.25
4,316.67
3,750.00
6,875.00
179,420.83
25,800.00
30,600.00
23,375.00
941.08
8,500.00
25,781.25
4,465.00
225
SAMPLE CLIENT IOCTOBER 31, 2025
Projected Income
For the Period November 01, 2025 to October 31, 2026 cusip
949764HE7
798186P22

DESCRIPTION
WELLS FARGO BANK5.050 10/31/28
SAN JOSE CALIFUNI SCH DIST1.014 08/01/27
91282CLC3 US TREASURY 4.000 07/31/29
3733844X1
037833EB2
94988J6D4
GEORGIAST2.380 02/01/27'26
APPLE0.700 02/08/26 a26
WELLS FARGO BANK5.450 08/07/26 '26 MTN
037833EB2
459058JS3
459058JS3
3130AKX92
91139LAS5
161571HV9
14041NGE5
254683CY9
30303M8S4
76913CBB4
APPLE O.700 02/08/26 '26
IBRD O.650 02/10/26 '25
IBRD O.650 02/10/26 a25
FHLBANKS O.750 02712/27'25
URSB 4.600 06/13/29
CHAIT-241-A
COMET-241-A
DCENT-231-A
META PLATFORMS 4.300 08/15/29 '29
RIVERSIDE CNTf CALIF PENSIO 2.963 02/15/27
4581XOEN4 IDB 4.125 02/15/29 MTN
30231GBE1
3133ENG87
EXXON MOBIL2.440 08/18/29 '29
FED FARM CR BNKS 2.920 08/17/27
3133EL4D3
3130ANMHO
3136G4ZY2
FED FARM CR BNKS O.900 08/19/27'25
FHLBANKS 1:IOO 08/20/26 '25
FANNIE MAE O.750 07/20/27'25
43814VAC1 HONDO-251-43
3130ANFIG7 FHLBANKS 1.250 08/24/28 '25
3137HJ5Y9
3137BVZ82
FHMS K-534A2 4.711/25/2029
FHMS K-063423.43 01/25/2027
3132XKZU4 FH WN5254
3137HAST4 FHMS K-509 A2 4.85 09/25/2028

POST DATE
02/02/2026
02/02/2026
02/02/2026
02/02/2026
02/08/2026
02/09/2026
02/09/2026
02/10/2026
02/10/2026
02/12/2026
02/13/2026
02/16/2026
02/17/2026
02/17/2026
02/17/2026
02/17/2026
02/17/2026
02/17/2026
02/17/2026
02/19/2026
02/20/2026
02/20/2026
02/23/2026
02/24/2026
02/25/2026
02/25/2026
02/25/2026
02/25/2026
MEEDER
PUBLIC FtllMEl!!
AMOUNT
1,063.68
3,802.50
28,000.00
11,900.00
94,550.00
19,756.25
3,500.00
3,250.00
100,740.00
1,500.00
972.81
3,833.33
2,450.00
2,406.42
29,562.50
14,815.00
12,890.63
10,065.00
9,621.40
3 ,375.00
4 ,125.00
625.00
3,808.33
7,000.00
3,916.67
2,858.33
5,382.69
4,041.67
226
SAMPLE CLIENT IOCTOBER 31, 2025
Projected Income
For the Period November 01, 2025 to October 31, 2026 cusip
3137FLN91
3137HFF59
3137HN6B9
3133ENJ35
3137HCKV3
3133ENJ35
3130AQRH8
166756BB1
FEB2026TOTAL
949764HE7
90355GDTO
478160DH4
3133EPUN3
91282CNX5
3130ALHHO
3130ALHHO

DESCRIPTION
FH-KO91-A2
FHMSK-527A2 4.61807/25/2029
FHMS K-54742 4.421 05/25/2030
FED FARM CR BNKS3.320 02/25/26
FHMS K-520 425:18 03/25/2029
FED FARM CR BNKS 3.320 02/25/26
FHLBANKS 2.000 02/25/27'25
CHEVRON USA 4.475 02/26/2E1'28
WELLS FARGO BANK5.050 10/31/28
UBS USA 4.450 06/01/28
JOHNSON&JOHNSON 4.55003/01/28'28
FED FARM CR BNKS 4.500 08/28/28
USTREASURY3.625 08/31/30
FHLBANKS O.960 03/05/26 '25
FHLBANKS O.960 03/05/26 '25
91139LAS5
084670BS6
URSB 4.600 0S/13/29
BERKSHIRE3.125 03/15/26 '25
254683CY9
24422EWK1
880591EZ1
181571HV9
084670BS6
14041NGE5
58933YBQ7
3136G4ZY2
3130ALGJ7
3130ALGJ7
DCENT-231-A
JOHN DEERE CAP 4:150 09/15/27 MTN
TVA 3.875 03/15/28
CHAIT-241-A
BERKSHlRE3j25 03/15/26 '25
COMET-241-A
MERCK&CO 4.15009/15/30a30
FANNIE MAE O.750 07/20/27'25
FHLBANKS1.OOO 03/23/26 '25
FHLBANKS1.OOO 03/23/26 '25

POSTDATE
02/25/2026
02/25/2026
02/25/2026
02/25/2026
02/25/2026
02/25/2026
02/25/2026
02/26/2026
03/02/2026
03/02/2026
03/02/2026
03/02/2026
03/02/2026
03/05/2028
03/05/2026
03/13/2026
03/15/2026
03/16/2026
03/16/2026
03/16/2026
03/16/2026
03/16/2026
03/16/2026
03/16/2026
03/20/2026
03/23/2026
03/23/2026
MEEDER
Pualt(: PtlND5
AMOUNT
2,920.83
5,772.50
4,605.21
127.50
4,316.67
12,450.00
5,250.00
24,612.50
569,329.75
960.75
850.Oi
29,575.00
18,000.00
17,671.88
61,672.50
3,600.00
878.66
17,710.00
2,486.63
15,562.50
33,906.25

3.833.33
15,625.00
2 ,450.00
3 2,162.50
625.00
4 2,244.75
3,564.84
227
SAMPLE CLIENTIOCTOBER 31, 2025
Projected Income
For the Period November 01, 2025 to October 31, 2026 CUSIP
43814V ACI
3137HN6B9
3137HCKV3
3132XKZL14
3137HJ5Y9
3137HAST4
3137BVZ82
3137FLN91
3137HFF59
3130AR7E5
31422X7K2
3136G43F8
17325FBF4
31424WAF9
91282CLN9
949764HE7
91282CKG5
912828YG9
MAR2026TOTAL
419792497
90355GDTO
13083DRD2
91139LAS5
166756BJ4
742651DZ2
161571HV9
14041NGE5
3136G4ZY2

DESCRIPTION
HONDO-251-A3
FHMS K-547A2 4.421 05/25/2030
FHMS K-520 A25j8 03/25/2029
FH WN5254
FHMS K-534 A2 4.711/25/2029
FHMS K-509 A2 4.85 09/25/2028
FHMS K-063 423.43 01/25/2027
FH-KO91-A2
FHMS K-527 42 4.618 07/25/2029
FHLBANKS 2.600 03/25/27 '25
FARMER MAC 4.700 09/27/28 MTN
FANNIE MAE O.700 09/30/27'25
CITIBANK NA US 5.438 04/30/26 a26
FARMER MAC 4.875 04/01/27 MTN
US TREASURY3.500 09/30/29
WELLS FARGO BANK5.050 10/31/28
USTREASURY 4j25 03/31/29
USTREASURY 1.625 09/30/26
HAWAII ST1.28310/OV26
uBS USA 4.450 06/01/28
CAL1FORN1AST2.375 10/01/26
URSB 4.600 06/13/29
CHEVRON LISA 4.30010/15/30 '30
PEFCO 3.90010/15/27
CHAIT-241-A
COMET-241-A
FANNIE MAE O.750 07/20/27'25

POSTDATE
03/23/2026
03/25/2026
03/25/2026
03/25/2026
03/25/2026
03/25/2026
03/25/2026
03/25/2026
03/25/2026
03/25/2026
03/27/2026
03/30/2026
03/30/2026
03/30/2026
03/31/2026
03/31/2026
03/31/2026
03/31/2026
04/01/2026
04/01/2026
04/01/2026
04/13/2026
04/15/2026
04/15/2026
04/15/2026
04/15/2026
04/20/2026
MEEDER
PuBllC Fti'NDS
AMOUNT
3 ,808.33
4 ,605j8
4 ,316.67
5 ,380.06
3 ,916.67
4 ,041.67
2,858.33
2,920.83
5 ,772.50
6 ,825.00
23,500.00
1,102.50
16,993.75
30,468.75
24,500.00
1,063.68
2 2,687.50
8,125.00
476,266.02
6,415.00
941.08
5,937.50
972.81
28,905.56
10,725.00
3,833.33
2,450.00
625.00
228
SAMPLE CLIENT IOCTOBER 31, 2025
Projected Income
For the Period November 01, 2025 to October 31, 2026 cusip
43814VAC1
3137HAST4
3137BVZ82
3137FLN91
3137HFF59
3132XKZu4
3137HN6B9
3137HCKV3
3134GW4C7
3137HJ5Y9
949764HE7
91282CLRO
17325FBF4
91282CFUO
APR2026TOTAL
3133EPA47
90355GDTO
023135BX3
023135BX3
91139LAS5
161571HV9
1404iNGE5
912828U24
14042RVN8
3136G4ZY2
43814VAC1
3137HAST4
3137BVZ82

DESCRIPTION
HONDO-251-A3
FHMS K-509 A2 4.85 09/25/2028
FHMSK-083423.4301/25/2027
FH-KO91-A2
FHMSK-527 A24.61807/25/2029
FH WN5254
FHMS K-547 42 4.421 05/25/2030
FHMS K-520 A25j8 03/25/2029
FREDDIE MAC O.800 10/27/26!25 MTN
FHMS K-534 42 4.711/25/2029
WELLS FARGO BANK5.050 10/31/28
US TREASURY 4.12510/31/29
CITIBANK NA US5.438 04/30/26 '26
USTREASURY 4j2510/31/27
FED FARM CR BNKS 4.875 11/01/28
uBS USA 4.450 06/01/28
AMAZON.COM 1.000 05/12/26 '26
AMAZON.COM 1.000 05/12/26 '26
URSB 4.600 08/13/29
CHAIT-241-A
COMET-241-A
US TREASL1RY2.000 11/15/26
CAPITL ONE NA5.000 11/16/27
FANNIE MAE0.750 07/20/27'25
HONDO-251-A3
FHMS K-509 A2 4.85 09/25/2028
FHMS K-063 42 3.43 01/25/2027

POST DATE
04/21/2026
04/27/2026
04/27/2026
04/27/2026
04/27/2026
04/27/2026
04/27/2026
04/27/2026
04/27/2026
04/27/2026
04/30/2026
04/30/2026
04/30/2026
04/30/2026
05/01/2026
05/01/2026
05/12/2026
05/12/2026
05/13/2026
05/15/2026
05/15/2026
05/15/2026
05/18/2026
05/20/2026
05/21/2026
05/25/2026
05/25/2026
MEEDER
puaiic fu'Nos
AMOUNT
3 ,808.33
4 ,041.67

2.858.33
2,920.83
5,772.50
5,376.92
4,605.14
4,316.67
3,000.00

3.916.67
1029.37
33,000.00
(14,580.00)
21,243.75
142,115.46
23,156.25
910.73
77,240.00
4,000.00
941.42

3.833.33
2,450.00
11,000.00
6,025.07
625.00
3 ,808.33
4 ,041.67
2,858.33
229
SAMPLE CLIENT IOCTOBER 31, 2025
Projected Income
For the Period November 01, 2025 to October 31, 2026 CUSIP
3137FLN91
3137HFF59
3137HCKV3
3137HN6B9
3132XKZU4
3137HJ5Y9
MAY2026TOTAL
91282CKT7
90355GDTO
949764HE7
91282CFZ9
3130AXQK7
3130ATUS4
14041NGE5
161571HV9
91139LAS5
4581XODGO
3133EPNH4
43814VAC1
3136G4ZY2
3130AGMT9
31422BGV6
3130AGMT9
31422BGV6
3137HCKV3
3132XKZL14
3137HJ5Y9
3137HN6B9

DESCRIPTION
FH-KO91-A2
FHMS K-527 A2 4.618 07/25/2029
FHMS K-520 A2 5.18 03/25/2029
FHMS K-547 42 4.421 05/25/2030
FH WN5254
FHMSK-534A2 4.711/25/2029
USTREASURY 4.50005/31/29
UBS USA 4.450 06/01/28
WELLS FARGO BANK5.050 10/31/28
USTREASURY 3.87511/30/27
FHLBANKS 4.750 12/08/28
FHLBANKS 4.250 12/TO/27
COMET-241-A
CHAIT-241-A
LIRSB 4.600 06/13/29
IDB 2.250 08/18/29 MTN
FED FARM CR BNKS 3.875 06/21/28
HONDO-251-AS
FANNIE MAE O.750 07/20/27 '25
FHLBANKS2.45006/24/26'25
FARMER MAC 2.260 06/24/26 MTN
FHLBANKS 2.450 06/24/26 '25
FARMER MAC 2260 06/24/26 MTN
FHMS K-520A25.18 03/25/2029
FH WN5254
FHMS K-534 A2 4.711/25/2029
FHMS K-547 42 4.421 05/25/2030

POST DATE
05/25/2026
05/25/2026
05/25/2026
05/25/2026
05/25/2026
05/25/2026
06/01/2026
06/01/2026
06/01/2026
06/01/2026
06/08/2026
06/10/2026
06/15/2026
06/15/2026
06/15/2026
06/18/2026
06/22/2026
06/22/2026
08/22/2026
06/24/2026
06/24/2026
06/24/2026
06/24/2026
06/25/2026
06/25/2026
06/25/2026
06/25/2026
MEEDER
PuallC FuNtl&
AMOUNT

2.920.83
5,772.50
4,316.67
4 ,605jO
5 ,373.7i
3,916.67
167,795.61

16.897.50
941.08
1,063.68
21,312.50
21,018.75
25,500.00

2. 450.00

3. 833.33
972.81
16,875.00
13,562.50
3,808.33
625.00
11,800.00

43.253.70
3,613.75
7,288.50
4 ,316.67
5 ,370.90
3 ,916.67
4 ,605.05
230
SAMPLE CLIENT IOCTOBER 31, 2025
Projected Income
For the Period November 01, 2025 to October 31, 2026 CUSIP
3137HAST4
3137BVZ82
3137FLN91
3137HFF59
3130AMVU3
3130AMVU3
91282CGC9

DESCRIPTION
FHMS K-509 A2 4.85 09/25/2028
FHMS K-063 A23.43 01/25/2027
FH-KO91-A2
FHMSK-52742 4.61807/25/2029
FHLBANKS 1.350 06/29/26
FHLBANKS1.350 06/29/26
USTREASURY3.87512/31/27
949764HE7
Gn282CEW7
91282CHKO
JUN2026TOTAL
90355GDTO
94988J6D4
91139LAS5
764464AE3
161571HV9
576004HDO
14041NGE5
713448FX1
3133EPQDO
89235MPT2
3136G4ZY2
43814VAC1
742718FZ7
3137HCKV3
3137HJ5Y9
3137HN6B9
3130ANED8
WELLS FARGO BANK5.050 TO/31/28
LIS TF1EASUF1Y3.250 08/30/27
USTREASURY 4.00006/30/28
LIBS USA 4.450 06/01/28
WELLS FARGO BANK5.450 08/07/26 a26 MTN
URSB 4.600 06/13/29
RICHMOND CALIF PENSION FDG 4.334 01/15/27
CHAIT-241-A
MASSACHUSEnS (COMMONWEALTH 3.680 07/15/27
COMET-241-A
PEPSICO 450007/17/29a29
FED FARM CR BNKS 4.250 07/17/28
TOYOTAFINLSVGS 4.45007/18/29
FANNIE MAE0.750 07/20/27'25
HONDO-251-43
PROCTER GAMBLE 3.950 01/26/28
FHMS K-520 42 5.18 03/25/2029
FHMSK-534 A2 4.711/25/2029
FHMS K-547 A2 4.421 05/25/2030
FHLBANKS 1.000 07/27/26 '25

POSTDATE
06/25/2026
06/25/2026
06/25/2026
06/25/2026
08/29/2026
06/29/2026
06/30/2026
06/30/2026
06/30/2026
06/30/2026
07/01/2026
07/07/2026
07/13/2026
07/15/2026
07/15/2026
07/15/2026
07/15/2026
07/17/2026
07/17/2026
07/20/2026
07/20/2026
07/21/2026
07/27/2026
07/27/2026
07/27/2026
07/27/2026
07/27/2026

M E E D- E R
AMOUNT
4,041.67
2,858.33
2,920.83
5,772.50
89,780.00
6,750.00
22,281.25
1,029.37
13,812.50
27,000.00
389,272.18
910.73
16,463.54
941.42
15,169.00
3,833.33
18,400.00
2,450.00
21,487.50
21,250.00

5.384.38
625.00
3,BO8.33

19.651.25
4,316.67
3 ,916.67
4 ,604.99
66,705.00
231
SAMPLE CLIENT iOCTOBER 31, 2025
Projected Income
For the Period November 01, 2025 to October 31, 2026 CUSIP
3132XKZU4
3137BVZ82
3137HAST4

DESCRIPTION
FH WN5254
FHMSK-063 A2,4.430jl2512027
FHMS K-509 42 4.85 09/25/2028
3137FLN91 FH-KO91-42
3137HFF59 FHMSK-527A24.61807/25/2029
3130ANED8 FHLBANKS 1.000 07/27/28 a25
3130AQJX2 FHLBANKS2.75001/28/27'25
91282CJW2 uSTREASURY4.00001/31/29
91282CMG3 USTREASURY4.25001/31/30
91282CHQ7
949764HE7
91282CLC3
JUL2028TOTAL
419792YR1
USTREASLIRY 4.12507/31/28
WELLS FARGO BANK 5.05010/31/28
US TREASLIRY 4.000 07/31/29
HAWAII ST O.893 08/01/26
798186P22
3733844Xl
13083EGT7
90355GDTO
13083DC48
SAN JOSE CALIF UNI SCH D1ST1.014 08/01/27
GEORGIAST2.380 02/01/27'26
CALIFORNIAST 4.50008/01/29
LIBS USA 4.450 0S/01/28
CAL1FORNIAST1.700 02/01/28
419792YR1 HAWAII ST0.893 08/01/26
94988J6D4 WELLS FARGO BANK5.450 08/07/26 a26 MTN
3130AKX92
91139LAS5
30303M8S4
76913CBB4
4581XOEN4
161571HV9
30231GBE1
FHLBANKS O.750 02/12/27a25
uRSB 4.600 06/13/29
META PLATFOFIMS 4.300 08/15/29 '29
RIVERSIDE CNTYCALIF PENSIO 2.983 02/15/27
IDB 4j25 02/15/29 MTN
CHAIT-241-A
EXXON MOBIL 2.440 08/16/29 '29

POSTDATE
07/27/2026
07/27/2026
07/27/2026
07/27/2028
07/27/2026
07/27/2026
07/28/2026
07/31/2026
07/31/2026
07/31/2026
07/31/2026
07/31/2026
08/01/2026
08/03/2026
08/03/2026
08/03/2026
08/03/2026
08/03/2026
08/03/2026
08/07/2026
08/12/2026
08/13/2026
08/17/2026
08/17/2026
08/17/2026
08/17/2026
08/17/2026
MEEDER
fJlaLIC PuMtlS
AMOUNT
5,367.24
2,858.33
4,041.67
2,920.83
5,772.50
3,750.00
8,750.00
25,800.00
23,375.00
25,781.25
1,063.68
2 8,000.00
3 47,398.32
90,960.00
3,802.50
11,900.00
30,600.00
941.08
8,500.00
4,465.00
(13,796.75)
3,000.00
972.81
29,562.50
14,815.00
12,890.63
3,833.33
10,065.00
232
SAMPLE CLIENT IOCTOBER 31, 2025
Projected Income
For the Period November 01 2025 to October 31, 2026 CUSIP
3133ENG87
14041NGE5
3133EL4D3
3130ANMHO

DESCRIPTION
FED FARM CR BNKS 2.920 08/17/27
COMET-241-A
FED FARM CR BNKS O.900 08/19/27'25
FHLBANKS 1j00 08/20/26a25
3136G4ZY2
3130ANMHO
43814VAC1
3130ANRG7
3137BVZ82
3137HAST4
3137FLN91
3137HFF59
3132XKZL14
3137HCKV3
3130AQRH8
3137HJ5Y9
3137HN6B9
1B6756BB1
3133EPL1N3
949764HE7
9i282CNX5
AUG2026TOTAL
90355GDTO
478160DH4
91139LAS5
68933YBQ7
24422EWKi
880591EZ1
FANNIE MAE O.750 07/20/27'25
FHLBANKS TIOO 08/20/28 '25
HONDO-251-43
FHLBANKS 1.250 08/24/28 '25
FHMSK-063 423.4301/25/2027
FHMS K-509 A2 4.85 09/25/2028
FH-KO91-A2
FHMS K-527 A2 4.618 07/25/2029
FH WN5254
FHMS K-520 A25j8 03/25/2029
FHLBANKS 2.000 02/25/27a25
FHMS K-534 A2 4.711/25/2029
FHMS K-547 A2 4.421 05/25/2030
CHEVRON USA 4.475 02/26/28 '28
FED FARM CR BNKS 4.500 08/28/28
WELLS FARGO BANK5.050 10/31/28
uSTREASuRY3.625 08/31/30
uBS USA4.450 06/01/28
JOHNSON&JOHNSON 4.550 03/01/28 '28
URSB 4.600 06/13/29
MERCK &CO 4l50091i513Cla3Cl
JOHN DEERE CAP 4j50 09/15/27MTN
TVA3.875 03/15/28

POSTDATE
08/17/2026
08/17/2026
08/19/2026
08/20/2026
08/20/2026
08/20/2026
08/21/2026
08/24/2026
08/25/2026
08/25/2026
08/25/2026
08/25/2026
08/25/2026
08/25/2026
08/25/2026
08/25/2026
o8/25/2026
08/26/2026
08/28/2026
08/31/2026
08/31/2026
09/01/2026
09/01/2026
09/14/2026
09/15/2026
09/15/2026
09/15/2026
MEEDER
Puel}a FRJMD5}
AMOUNT
9,621.40
2 ,450.00
3 ,375.00
4 ,125.00
625.00
64,680.00
3,808.33
7,000.00
2,858.33
4,041.67
2,920.83
5,772.50
5,357.87

4.316.67
5,250.00
3 ,916.67
4 ,604.93
24,612.50
18,000.00
1,063.68
17,671.88
408,583.36
94i.OB
29,575.00
972.81
31,125.00
15,562.50
33,906.25
233
SAMPLE CLIENT IOCTOBER 31, 2025
Projected Income
For the Period November 01, 2025 to October 31, 2026 CUSIP
161571HV9
14041NGE5
43814VAC1
3136G4ZY2
3137HN6B9
3137HCKV3
3132XKZU4
3137HJ5Y9
3130AR7E5
3137HAST4
3137FLN91
3137HFF59
3137BVZ82
31422X7K2
31424WAF9
91282CLN9

DESCRIPTION
CHAIT-241-A
COMET-241-A
HONDO-251-43
FANNIE MAE O.750 07/20/27 '25
FHMS K-547 A2 4.421 0512512030
FHMS K-520 A2 538 03/25/2029
FH WN5254
FHMSK-534 42 4.711/25/2029
FHLBANKS 2.600 03/25/27'25
FHMS K-50942 4.85 09/25/2028
FH-KO91-A2
FHMS K-527A2 4.818 07/25/2029
FHMS K-063A23.43 01/25/2027
FARMER MAC 4.700 09/27/28 MTN
FARMER MAC 4.875 04/01/27 MTN
lISTREASuRY3.500 09/30/29
91282CKG5 US TREASURY 4:125 03/31/29
912828YG9
3136G43F8
949784HE7
912828YG9
SEP2026TOTAL
US TREASURY 1.625 09/30/26
FANNIE MAE O.700 09/30/2T'25
WELLS FARGO BANK5.050 10/31/28
USTREASURY 1.625 09/30/26
419792A97
90355GDTO
13063DRD2
13063DRD2
419792497
91139LAS5
HAWAIIST12&310/01/26
UBS USA 4.450 06/01/28
CALIFORNIASTATE 2.37510/01/26
CALIFORNIA ST2.375 10/01/26
HAWAII ST1.28310/01/26
URSB 4.600 06/13/29

POST DATE
09/15/2026
09/15/2026
09/21/2026
09/21/2026
09/25/2026
09/25/2026
09/25/2026
09/25/2028
09/25/2026
09/25/2026
09/25/2026
09/25/2026
09/25/2026
09/28/2026
09/29/2026
09/30/2026
09/30/2026
09/30/2026
09/30/2026
09/30/2026
09/30/2026
10/01/2026
10/01/2026
10/01/2026
10/01/2026
10/01/2026
10/13/2026
MEEDER
MIBLIC FljNg@
AMOUNT
3,833.33
2 ,450.00
3 ,808.33
625.00
4 ,604.86
4 ,316.67
5 ,348.09
3,916.67
6,825.00
4,041.67
2,920.83
5,772.50

2.509.26
23,500.00
30,468.75
24,500.00
22,687.50
8,125.00
1,102.50
1,029.37
73,710.94
348,178.91
84,890.00
910.73
27,420.00
5 ,937.50
6 ,415.00
941.42
234
SAMPLE CLIENT IOCTOBEFI 31, 2025
Projected Income
For the Period November 01, 2025 to October 31 2026 CUSIP
14041NGE5
166756BJ4
74265iDZ2
16157iHV9
3136G4ZY2
43814V ACI
3137HCKV3
3137BVZ82
3137HJ5Y9
3137HN6B9
3137HAST4
3137FLN91
3137HFF59
3132XKZU4
3134GW4C7
3134GW4C7

DESCRIPTION
COMET-241-A
CHEVRON USA 4.30010/15/3(T30
PEFCO 3.90010/15/27
CHAIT-241-A
FANNIE MAE0.750 07/20/27'25
HONDO-251-43
FHMS K-520 A2 5.18 03/25/2029
FHMS K-063 A2 3.43 01/25/2027
FHMS K-534 42 4.7fil25/2029
FHMS K-547 A2 4.421 05/25/2030
FHMS K-509 42 4.85 09/25/2028
FH-KO91-A2
FHMS K-527 A2 4.618 07/25/202KI
FH WN5254
FREDDIE MAC O.800 10/27/26a25 MTN
FREDDIE MAC O.80010/27/26 '25 MTN
OCT2026TOTAL

GRANDTOTAL

POSTDATE
10/15/2026
10/15/2026
10/15/2026
10/15/2026
10/20/2026
10/21/2026
10/26/2026
10/28/2026
10/26/2026
10/26/2026
10/26/2026
10/26/2026
10/26/2026
10/26/2026
10/27/2026
10/27/2026
MEEDER
puaic Fu'Nos
AMOUNT
2,450.00
21,500.00
10,725.00
3,833.33
625.00
3 ,733:i4
4 ,316.67
2 ,503.35
3 .91B.B7
4 ,604.79
4,041.67

2.920.83
5,772.50
5,338.09

74.580.00
3,000.00
280,375.68
3,653,043.32
235
Disclosure
Meederprovidesmonthlystatementsforitsinvestmentmanagementclientstoprovideinformationabouttheinvestmentportfolio.Thsinformationshouldnotbeusedforauditorconfirmationpurposea. Pleasereviewyour custodial statements and report any inaccuracies ordiscrepancies.

Certain information and data has been supplied by unaffiliated third parties.Although Meeder believes the information is reliable, it cannotwarrantthe accuracyof information offered bythird parties. Marketvalue may reflect prices received from pricingvendors when currentmarketquotations are notavailable. Prices maynot reflectfirm bids oroffers and maydifferfromthevalueatwhichthesecuritycan besold.

Statements may include positions from unmanaged accounts provided for reporting purposes. Llnmanaged accounts are managed directly by the client and are not included in the accounts managed by Meeder. This information is provided as a client convenience and Meeder assumes no responsibility for performance of these accounts orthe accuracy of the data reported.

Investtng involves risk. Past performance is no guaranteeoffuture results. Debt and fixed incomesecurities are subject to creditand interest rate risk. The investment return and principalvalueofan investmentwillfluctuatesothatan investorsshares,whenredeemed, maybeworthmoreorlessthan theiroriginal cost.Currentperformance maybeloweror higherthan the performance data quoted.

Investmentadvisoryservices provided by Meeder Public Funds,Inc. Please contactus ifyouwould liketo receiveacopyofourcurrentADVdisclosure brochure or privacypolicy. @ 2024 Meeder Investment Management
meederpublicfunds.com I 866.633.3371
M E E" D E R
PWlmC FuNa5
236
MEEDER
Form ADV
Part 2A
237
MEEDER
Meeder Public Funds, Inc.

ADVISORY SERVICES BROCHURE
FORM ADV PART 2A
6125 Memorial Drive
Dublin, Ohio 43017
(800) 325-3539
www.meederinvestment.com
March 28, 2025
This brochure provides information about the qualifications and business practices of Meeder Public Funds, Inc. If you have any questions about the contents of this brochure, please contact us at the telephone number listed above. The information in this brochure has not been approved or verified by the United States Securities and Exchange Commission ("SEC") or by any state securities authority. Meeder Public Funds, Inc. is registered with the SEC as an investment adviser; however, registration does not imply any level or skill or training.

Additional information about Meeder Advisory Services, Inc. is also available on the SEC's website at www.adviserinfo.sec.gov.

MEEDERPuBLICFUNDSlNC. MARCH28,2025 PAGE 1
238
lQ'/
MEEDER
ITEM 2 - MATERIAL CHANGES
This brochure is updated annually and whenever any information in the brochure becomes materially inaccurate. Annually the adviser provides clients with a copy of the updated brochure or a summary of material changes made since the last annual update. This section describes material updates and changes made to this ADV disclosure brochure since the last annual amendmem 6ated March 28, 2024.

Item 5 - Fees and Compensation. This section was amended to update the standard fee schedule and add fees related to LGIP services. This section was also expanded to add compensation and conflict details for investment adviser representatives which may also be registered at an affiliated brokerage firm.

Item 11 - Code of Ethics, Participant or Interest in Client Transactions and Personal Trading. This section was expanded to include conftict language related to the recommendation of an affiliated mutual fund For cash management purposes.

PAGE 2
),'2,1
MEEDER PUBLIC FtJNDS, INC. I MARCH 28, 2025
239
MEEDER
ITEM 3 - TABLE OF CONTENTS
ITEM 2 - MATERIAL CHANGE
ITEM 3 - TABLE OF CONTENTS
iTEM 4 - ADVISORY BUSjNESS
ITEM 5 - FEES AND COMPENSATI
ITEM 6 - PERFORMANCE-BASED FEES AND SIDE-BY-SIDE MANAGEMENT ITEM 7 - TYPES OF CLIENTS
2 3
4 5
6 6
ITEM 8 - METHODS OF ANALYSIS, INVESTMENT STRATEGIES AND RISK OF LOSS................... 6 ITEM 9 - DISCIPLINARY INFORMATION
ITEM 10 - OTHER FINANCIAL INDUSTRY ACTIVITIES AND AFFILIATIONS ITEM 11- CODE OF ETHICS, PARTICIPATION OR INTEREST IN CLIENT TRANSACTIONS AND PERSONALTRADING 8
ITEM 12 - BROKERAGE PRACTICES
ITEM 13 - REViEW OF ACCOUNi'S
ITEM 14 - CLIENT REFERRALS AND OTHER COMPENSATION 9 10
10 ITEM 15 - CUSTODY 10
ITEM 16 - INVESTMENT DISCRETION
ITEM 17 - VOTING CLIENT SECURITIES
ITEM 18 - FINANCIAL INFORMATION
11 11
11 MEEDERPUBLICFUNDS,INC. MARCH28,2025 PAGE 3
240
zu
MEEDER
ITEM 4 - ADVISORY BUSINESS
Meeder Investment Management, Inc. ("MIM")
offers a complete range of equity, fixed income
and cash management investment solutions
through its wholly owned SEC registered
investment advisers: Meeder Public Funds, Inc.
("MPF"), Meeder Asset Management, Inc.
("MAM"I and Meeder Advisory Services, Inc.
("MAS"). MIM's principal owners are Robert
Meeder, Jr. and Robert Meeder, Sr. All affiliates
of MIM are located at 6125 Memorial Drive,
Dublin, Ohio 43017 and share employees.

Meeder Public Funds, Inc. provides professional
investment advisory and administrative services
to state and local public funds managers utilizing a variety of fixed income portfolio solutions. MPF was established in 1990 and changed its name to
Meeder Public Funds, Inc. in 2015.

As of December 31, 2024, MPF's regulatory
assets under management were
$59,252,706,118, of which $46,615,901,608 was
managed on a discretionary basis and
$12,636,804,510 was managed on a non-
discretionary basis.

Investment Advisory Services
MPF provides a variety of investment advisory
services to state and local governments,
including counties, cities, school districts,
villages, townships, universities, special districts, libraries, state agencies and local government
investment pools ("Public CJients"). Investment
advisory services not only include management
of assets on a discretionary or non-discretionary
basis but may also include assets as to which
MPF provides advice or consultation but does
not have the authority to make decisions and
execute trades.

SEPARATELY MANAGED ACCOUNTS
MPF provides separately managed account
services to Public Clients on a discretionary or
non-discretionary basis. MPF provides Public
Clients with investment advice limited to the
purchase or sale of fixed income securities,
including u.s. Government securities, agencies,
commercial paper, banker's acceptances,
corporate bonds, municipal debt, bank deposits,
and money market funds. MPF may also
recommend a local government investment pool
MEEDER PUBLIC FLINDS, tNC. I MARCH 28, 2025
or other bank deposit programs or products for a
Public Client's cash management needs.

MPF tailors its services to its Public Clients,
utilizing investments permissible under the
applicable state investment code and the Public
Client's investment policy. At the outset of each
relationship, MPF will evaluate the Pub!ic Clierit's needs, objectives and the terms of any existing
investment policy statement. MPF will develop a
portfolio around the Public Client's objectives,
investment policy, and the terms of the applicable state investment code. Subject to MPF approval,
Public Clients may impose reasonable
restrictions on the types or quantities of
securities held in a client's account.

CONSULTING SEFIVICES
MPF offers non-discre'Uonary consulting
services to Public Clients, including provision of general portfolio management assistance;
investment research and credit analysis;
evaluation of existing investment portfolios and
performance; review of cash management
procedures; cash flow analysis and allocation
advice; development of internal controls and
procedures; review and revision of investment
policy statements; assessment of existing
banking, brokerage or custodial relationships;
development of requests for proposals for new
banking, brokerage or custodial relationships;
and educational programs designed to meet
instructional requirements under state law.

Consulting services are sometimes offered along
with separately managed account services but
may be offered separately. Each Consulting
Relationship is designed around the needs or the
consulting client. MPF may not receive
compensation for advice provided in connection
with consulting services or may receive
compensation in connection with other assets
managed by MPF.

LOCAL GOVERNMENT INVESTMENT POOLS
MPF provides discretionary investment advisory
services to Local Government Investment Pools
("LGIP") available to counties, cities, school
districts and other government entities. These
investment vehicles combine funds contributed
by participating entities and invest in securities
permitted under the applicable state investment
code and the written guidelines for each LGIP.

PAGE 4
ll6
241
MEEDER
Each LGIP is overseen by an authorized
governing board or state treasurer. MPF or its
affiliates may also provide other services to LGIP clients, including administrative, marketing,
transfer agency and fund accounting services.

MPF currently provides services to the following
LGIPs: State Treasury Asset Reserve of Ohio
(STAR ohiO); Illinois Metropolitan Investment
Fund (IMET); Texas Connect; Nevada Loca)
Government Pooled Investment Fund; and Idaho
Local Government Investment Pool.
ffEM 5 - FEES AND COMPENSAnON
The fees charged by MPF for its advisory
services are typically based on a percentage of
eligible assets under management. Fees are
negotiable and may vary depending on a variety
of factors, including the types of investments
permitted, the size of the portfolio, the
relationship with the client, and specific service
requirements for a given account.

Standard Fee Schedule
Separately managed accounts may be charged
an annual asset-based fee of up to 20 basis
points (0.20%). The fee rate may be substantially lower and is negotiable depending on various
factors, including the type and size of the
account, services offered, and relationship to
other accounts. For some clients, MPF also
offers advisory services on a flat jee
arrangement. Asset based advisory fees may be
subject to an annual minimum fee prorated based
on billing cycle and payable for each billing period in which assets do not meet the stated minimum,
inclusive of any fee discounts and credits.

Consulting and educational services may be
provided under asset based, hourly or flat fee
arrangements that vary depending upon the
scope of the engagement.

Typically, advisory fees are calculated and billed
monthly in arrears based on the value of the
eligible assets at the end of the billing period,
including cash held for investment and accrued
interest, but the method of payment is subject to negotiation and quarterly billing arrangements
are available. Eligible account assets are priced
by MPF at fair market value using its customary
methods, which include reliance on prices
provided by third parties. MPF does not require
its clients to pay fees in advance and accounts
initiated or terminated during a billing period will be charged a prorated fee. Public Clients may
authorize their custodian to directly debit the fee from assets held in the custodial account or elect to be billed by invoice.

The fees charged by MPF for investment
advisory services to LGIPs are typically based on
a percentage of assets under management. Fees
are negotiable and vary depending on a variety or
factors, including the type of LGIP and the nature
of the services being offered.

Other Fees and Expenses
Public Clients may pay other expenses in
addition to the fees paid to MPF, including
brokerage commissions, transaction fees,
custodial fees, transfer taxes, wire transfer fees, and other fees and taxes charged to brokerage
accounts and securities transactions. Money
market funds, bank deposit programs and local
government investment pools also charge
internal management fees which are disclosed in
a fund's prospectus or publicly available
documentation and financial reports. Item 12 of
this brochure provides additional information
about MPF's brokerage practices.

Additional Information and Fees and
Compensation

REPRESENT ATIVE COMPENSATION
MPF representatrves typically earn a salary and
may receive a year-end bonus dependent on a
series of factors including firm profitability and
each individual's achievement. Some MPF
representatives also earn a portion of the
advisory fee paid to MPF for the services offered in the account. Compensation varies depending
on the program, the representative's overall
revenue and any discounts offered. Our
investment advisory representatives are paid on
the same schedule regardless of the product
offered and have no financial incentive to
recommend one product over another.

OTHER COMPENSATION
Some investment adviser representatives of MPF
are also registered representatives of an
affiliated brokerage firm, Meeder Distribution
Services, Inc. ("MDS"). MPF does not direct
MEEDER PUBLIC FUNDS, INC. i MARCH 28, 2025 PAGE 5
1 ,ati
242
i9'A
MEEDER
brokerage order flow to MDS and its
representatives do not generally receive
commissions on the sale of securities purchased
in advisory accounts. However, dually registered
investment adviser representatives are eligible to receive compensation for the sale of securities,
including commissions, distribution or service
fees from the sale of securities, when acting in the capacity of registered representatives of
MDS.

The practice of accepting commissions for the
sale of securities presents a conflict of interest
that may give MPF or its supervised persons an
incentive to recommend investment products
based on the compensation received. MPF does
not generally offer products that pay
commissions to its advisory customers. In the
event commissions were paid in connection with
an advisory account, MPF would address this
conflict by explaining to clients that
commissionable securities sales create an
incentive to recommend products based on the
compensation that MPF or its supervised
persons may earn and offering alternative fee-
based advisory programs that do not pay
commission-based compensation on the safe of
securities.

ITEM 6 - PERFORMANCE-BASED FEES AND

SIDE-BY-SIDE MANAGEMENT
MPF does not charge performance-based fees.

ITEM 7 - TYPES OF CLIENTS
MPF offers discretionary and non-discretionary
fixed income investment advisory services to
Public Clients, including counties, cities, school districts, villages, townships, universities, special districts, libraries, state agencies and local
government investment pools.

ITEM 8 - METHODS OF ANALYSIS,

INVESTMENT STRATEGIES AND RISK OF
LOSS
As an institutional fixed income manager, MPF's
primary investment objectives are to provide
safety of principal and liquidity appropriate to
each Public Client's cash flow needs while
maximizing yield. MPF tailors its advice to each
Public Client, utilizing all investments permissible MEEDER PUBLIC FIINDS, INC. l MARCH 28, 2025
under the applicable state investment code and
the Public Client's investment policy.

Methods of Analysis and Investment
Strategies
MPF uses a combination of quantitative and
qualitative methods of analysis to develop
investment strategies for its Public Clients. Each recommended portfolio strategy includes
duration and asset allocation targets for
securities in the portfolio. Portfolios are
constructed and positioned to enhance
performance through duration management as
deemed appropriate For the anticipated interest
rate environment.

MPF utilizes proprietary models designed to
evaluate the direction of intermediate-term
interest rates and select an overall duration
target for a Public Ctient's portfolio. Short-term interest rate models are also utilized to structure purchases within the portfolios, helping to
identify opportunities within the marketplace to
maximize interest income for our clients.

Within each available asset class, MPF relies on a disciplined qualitative approach to select fixed
income securities for Public Client portfolios.

Considering credit risk and other fundamental
factors, MPF selects securities and issuers
expected to optimize return potential within the
applicable investment guidelines and restrictions.

MPF regularly reviews and analyzes portfolio
allocation and securities selection for its clients in light of current market conditions. When
making changes to portfolios, MPF considers the
impact on cash flows, average duration of the
portfolio, and the portfolio's investment return
over time. MPF monitors its portfolios for
portfolio risk and makes changes where
equivalent earnings can be obtained with less
risk.

Summary of Material Risks
Investing in securities involves risk of loss.

Although MPF manages assets in a manner
consistent with its Public Clients' stated risk
tolerance, portfolios may not produce the
expected returns, may lose value, or may
underperform other portfolios with similar
investment obiectives. Material risks associated
with investing in fixed income securities include:

PAGE 8
P15
243
MEEDER
Call Risk. Some fixed income securities are
subject to the risk that an issuer will exercise a right to redeem the security earlier than
expected, often in response to declining interest
rates or improvements in issuer credit quality. If an issuer calls a security held by a client, the
client may not recoup the full amount of the initial investment or realize the anticipated earnings
from the investment, resulting in reinvestment in
lower-yielding securities.

Credit Risk. Corporate debt and other fixed
income securities are subject to the risk that the issuer will be unable to meet principal and
interest payments on the obligation. A decline in
the credit quality of a fixed income investment,
held directly or inside a fund or investment pool, could cause a loss in value. When interest rates
rise, the value of corporate debt securities
typically declines. Changes in interest rates,
economic conditions and default expectations
can impact the value of fixed income securities.

Cybersecurity Risk. Cybersecurity breaches
may allow an unauthorized party to gain access
to MPF's proprietary information or customer
data or cause MPF or its service providers to
suffer data corruption or lose operational
functionality. Although MPF has established
cybersecurity and data protection protocols,
there is no guarantee that these efforts will
succeed or that a third-party service provider or
issuer will not suffer a cybersecurity breach and
related loss.

Government, Political and Regulatory Risk.

Legislative and regulatory action by the U.S., the
Federal Reserve and other governments can
impair the value of securities held in an account
or the ability of MPF to carry out a strategy.

Interest Rate Risk. Fixed income securities will
increase or decrease in value based on changes
in interest rates. If rates increase, the value of fixed income investments will generally decline.

On the other hand, if rates Tall, the value of the fixed income investments generally increases.

The market value of debt securities (including
u.s. Government securities) with longer
maturities is likely to respond to changes in
interest rates to a greater degree than the
market value of fixed income securities with
shorter maturities.

Liquidity Risk. The liquidity of fixed income
securities can be dependent upon the level of
MEEDER PUBLIC FuNDS, INC. MARCH 28, 2025
demand for the security, the willingness and
ability of intermediaries to make a market for the security, and the level of interest from other
investors to purchase the security. In times of
economic and market stress, MPF may not be
able to sell securities at a time and price that is most favorable to the client. In addition, bank
certificates of deposit are non-negotiable and
principal loss may occur if a client elects to sell the certificate before it matures.

Market Risk. The value of securities held in an
account may decline due to general market
conditions or other factors, including those
directly involving the issuers of such securities.

Securities markets may decline significantly in
response to adverse issuer, regulatory, political,
or economic developments. Unexpected local,
regional or global events and their aftermath,
such as war; acts of terrorism; Tinancial, political or social disruptions; natural, environmental or
man-made disasters; epidemics, pandemics and
other public heaith crises; recessions and
depressions; or other tragedies, catastrophes
and events could have a significant impact on
investments held in accounts or portfolios.

Quantitative Analysis Risk. MPF relies on
quantitative data supp0ied by third parties to
evaluate investments and construct optimal
portfolios. In the event this data is inaccurate or incomplete, investment decisions may be
compromised. If future market environments do
not reflect the assumptions made in our
quantitative models, quantitative investment
strategies may not be successful.

ITEM 9 - DISCIPLINARY INFORMATION
We are required to disclose all material facts
regarding any legal or disciplinary events that
would be material to your evaluation of us or the
integrity of our management. MPF has no
reportable disclosures.

ITEM 10 - OTHER FINANCIAL INDUSTRY

ACTMTIES AND AFFILIATIONS
MPF is a wholly owned subsidiary of MIM. Other
wholly owned subsidiaries of MIM include MAM,
MAS, Meeder Distribution Services, Inc. ("MDS")
and Mutual Funds Service Company ("MFSCo").

In some cases, these affiliate arrangements
create a potential conflict of interest between
MPF and the client. These conflicts of interest
PAGE 7
244
MEEDER
are discussed in more detail in Item 11 - Code of
Ethics, Participation or Interest in Client
Transactions and Personal Trading.

MAM is a registered investment adviser that
serves as the investment adviser for the Meeder
Funds.

MAS is a registered investment adviser that
offers investment strategist and portfolio
management services to independent broker-
dealers, investment advisers, and other financial
intermediaries. In addition, MAS provides
investment management services to retirement
plans and their participants.

MDS is a limited purpose broker-dealer and
FINRA member firm which serves as the principal
distributor of the MeerJer Funds. MDS does not
hold client accounts or execute trades for MIM
affiliates.

MFSCo provides shareholder, transfer agent and
dividend distribution services for the Meeder
Funds and local government investment pools.

Acting as the administrator for Meeder Funds,
MFSCo also enters into selling agreements with
unaffiliated broker-dealers and financial
intermediaries to distribute and provide other
services in connection with the sale of fund
shares.

ITEM 11 - CODE OF ETHICS, PARTICIPATION
OR INTEREST IN CuENT TRANSACTIONS

AND PERSONALTRADING
Code of Ethics
MPF has adopted a Code of Ethics that complies
with Rule 17j-1 of the Investment Company Act of
1940 and Rule 204A-1 of the Investment Advisers
Act of 1940. The Code sets forth fiduciary
standards that govern the conduct or directors,
officers and employees who have access to
client information. The Code incorporates MPF's
outside employment, political contribution, and
gift policies. Personnel subject to the Code must acknowledge their compliance with the Code and
applicable securities laws and report any
violations of the Code with which they become
aware to MPF's Chief Compliance Officer. A
copy of the Code is available to prospective and
current clients upon request.

MEEDEFI PIIBLIC FUNDS, INC. I MARCH 28, 2025
Personal Trading Policies
Directors, officers and employees of MPF and its
affiliates may take positions in securities owned
by MPF's clients, which may pose a potential
conflict of interest. MPF has implemented
policies designed to detect and mitigate such
conflicts of interest, including prohibitions on
unacceptable trading activities, such as front
running, short-swing trading and insider trading.

Directors, officers and employees who
recommend securities or have access to non-
public information are prohibited from trading
materially in reportable securities recommended
to clients in close proximity to the client's
transaction.

Employees having access to this information
must also make periodic reports of their
securities accounts and transactions in
reportable securities.

Participation or Interest in Client Transactions
Where appropriate, MPF may recommend the
use of local government investment pools to its
Public Clients for cash management purposes.

Assets placed in a local government investment
pool in which MPF or one of its affiliates earns
advisory or administration fees are not included
among eligible assets when calculating the
advisory fee charged by MPF. Because MPF or
its affiliates receive fees in connection with
programs we sponsor or recommend, use of
these programs presents a conflict of interest.

MPF fully discloses this relationship and the
terms and conditions of each program to its
Public Clients before recommending a local
government investment pool to which it provides
services. By investing in such local government
investment pools, Public Clients specifically
consent to the conflicts presented by such
investment and payment of fees. MPF will not
exercise discretion to select a local government
investment pool for a Public Client account.

Where available, MPF may recommend the use of
the Meeder Government Money Market Fund ("
Fund") for sweep or cash management purposes
to its Public Clients. Affiliates of MPF provide
investment advisory, administration, distribution
and transfer agency services to the Meeder
Funds. Because MPF's affiliates earn advisory,
transfer agency and administration fees for
management of the Fund, recommendation of
PAGE 8
1Q'1
245
MEEDER
the Fund presents a conflict of interest. MPF fully discloses this relationship to its Public Clients
before recommending the Fund. The Fund's
prospectus contains additional information about
the Fund, including investment policies, fees and
other information. By investing in the Fund, Public Clients specifically consent to the conflicts
presented by such investment and payment of
fees. The Fund may not be the lowest fee sweep
vehicle option available. MPF will not exercise
discretion to select a sweep vehicle for a Public
Client and clients may select any available fund
for sweep purposes.

ITEM 12 - BROKERAGE PRACTICES
Selection of Broker-Dealers for Client
Transactions
MPF trades with a list of local and nationally
recognized broker-dealers that have been
selected by MPF based on their reputation,
competitive pricing, and trade execution. MPF's
goal when selecting a particular broker or dealer
is to obtain the best price and trade execution for our Public Clients. When selecting broker-
dealers, MPF does not consider whether MPF or
an affiliate receives Public Client referrals from the broker-dealer.

Public Clients may direct MPF to execute
transactions through specific broker-dealers
selected by the Public Client. When selecting this option, the Public Client may forgo any benefits
from savings on execution costs that MPF may
obtain for its other clients through volume
discounts on aggregated orders and may pay
higher commission rates than other clients of
MPF.

Directed Brokerage and Soft Dollar
Arrangements
MPF does not engage in directed brokerage or
soft dollar arrangements, including markups or
markdowns in order to obtain research or any
other product or service from any broker-dealer.

Trade Aggregation
MPF may elect to aggregate contemporaneous
trades for the purchase or sale of securities
across multiple client accounts. Aggregation of
trades enables MPF to obtain more efficient
execution and better pricing than would
otherwise be available if orders were not
aggregated. Where the amount of securities
available at a particular price and time does not
satisfy the needs of all clients participating in the transaction, MPF will follow its trade allocation
policy, which is designed to ensure that securities allocations are made in a fair and equitable
manner.

When aggregating trades, MPF typically informs
the broker-dealer or custodian of the specific par amounts purchased for each client and directs
the broker-dealer or custodian to deliver the
specific par amounts to the clients to their
respective custodial accounts versus payment.

Each client participating in the aggregated
transaction receives the same price and
participation in such trade on a pro-rata basis.

When allocating trades, MPF may increase or
decrease the amount oT securities allocated to a
client if necessary to take investment restrictions into account, avoid undesirable position size, or
satisfy other client preferences.

Trades in substantially similar investment
opportunities may not be aggregated and may be
allocated non-proportionally to client accounts
based on a series of suitability and other factors, including investment objectives, client specific
investment guidelines, cash or liquidity needs,
minimum and maximum position sizes and the
availability of similar investment opportunities.

Individual portfolio managers exercise discretion
to trade accounts and strategies at different
times and the order of trading is determined by
several factors including client needs, market
conditions, and the terms and quantity or
available investment opportunities.

Trade Error Policy
MPF has established a trade error policy to
address instances in which MPF makes an error
when ordering, executing or settling securities
transactions for a client account. In the event a
trading error is caused by the action or inaction
of MPF, MPF will correct the-error so that the
client is returned to the same economic position
it would have been in had the error not occurred.

If the error or trading delay was caused by a
third-party broker-dealer, custodian or adviser,
MPF may in its discretion reimburse the client in
whole or in part For the loss but is not required to do so.

MEEDER PUBLIC FLINDS, INC. MARCH 28, 2025 PAGE 9
1 2?)
246
MEEDER
MPF will reimburse clients for losses resulting
from an MPF error in the client's account. If an
erroneous trade settles in a client account and
results in a gain, the client will retain the resulting gain unless the cfient elects to decline it. When
calculating trading losses, MPF does not net
gains and losses between clients or between
investments in an affected account except in
connection with corrections approved by the
client.

MPF may establish error accounts with certain
brokers for the sole purpose of correcting trade
errors. Any securities acquired by such an
account for purposes of correcting a trade error
are promptly disposed of. MPF does not maintain
an error account balance or utilize brokerage
commissions or other client funds to correct or
resolve trade errors. All trade errors and related calculations are documented and reported to the
Compliance department.

ITEM 13 - REVIEW OF ACCOUNTS
MPF generally performs a daily review of
transactions in Public Client accounts and
portfolios are generally reviewed at least
monthly. In addition, Public Client portfolio
reviews may be conducted in response to
changes in market conditions or changes to
client situations. Generally, the assigned portfolio manager performs account reviews in
coordination with the portfolio management
team.

On a monthly or quarterly basis depending on
client needs, MPF generally provides Public
Clients with written periodic investment reports
summarizing holdings information. In addition,
MPF may provide additional forms of reporting to Public Clients as agreed by MPF and the client.

Public Clients also receive a summary statement
from their qualified custodian or safekeeping
agent at least quarterly.

ITEM 14 - CIIENT REFERRALS AND OTHER

COMPENSATION
MPF may pay referral fees, known as promoter
payments, to unaffiliated third-party broker-
dealers, investment advisers and other persons
who refer clients to MPF or endorse our services.

Promoters are not employees or current clients
of MPF. Under these agreements, MPF or one of
its affiliated advisers pays a fee collected from
MEEDER PUBLIC FUNDS, INC. i MARCH 28, 2025
the Public Client to the referring promoter.

Annual fees payable to promoters are negotiable
and may be based on a percentage of the client
fee or the value of the client's account. The
arrangement provides promoters with an
incentive to refer clients and secure their
participation in the program. Each promoter who
recommends or endorses our services is
required to provide the prospective client with full disclosure oT the promoter's relationship with
MPF and the material terms of the compensation
arrangement.

MPF or its affiliates have also entered into written agreements with unaffiliated investment advisers
whereby MPF recommends or endorses that
firm's investment advisory services to its clients.

MPF or its affiliate receives a portion of the fees charged by the unaffiliated investment adviser in
return for referring the account. Annual fees'
payable under such arrangements are negotiable
and may be based on a percentage of the client
fee or the value of the client's account. This
arrangement presents a conflict of interest
because it provides MPF with an incentive to
solicit and secure participation in the program.

Under each such arrangement, MPF is required
to provide prospective clients with full disclosure of MPF's relationship with the recommended firm
and the material terms of the compensation
arrangement.

MPF and its affiliates offer several bank deposit programs to clients, both directly and in affiliation with third parties. In some programs, MPF's
affiliates receive payments from third parties for introducing new clients or depository institutions
to the program. Our affiliates also sometimes
make payments to third parties that introduce
MPF to new clients or depository institutions.

These arrangements are described more fully in
the program materials for each such prograrri.

These arrangements present a conflict of
interest because we earn fees from these
programs that would not be earned in unaffiliated
cash sweep programs or money market funds.

We mitigate this conflict through full disclosure of the program terms and compensation
arrangements.

ITEM 15 - CUSTODY
MPF will not assume physical custody of client
funds or securities. All separately managed
account client funds and securities are
PAGE 10
1,L"i
247
MEEDER
maintained with a qualified custodian in a
separate account for each client under each
client's name. For each client account, the
qualified custodian provides regular statements
to each client. In addition, MPF produces and
delivers quarterly statements to its clients as a
client service. In some cases, MPF reports will
vary from custodial statements based on
accounting, valuation or pricing variances.

Clients are encouraged to review carefully and
compare the custodial records to the account
statements provided by MPF.

In some cases, MPF is deemed to have custody
of client funds due to its ability under the client agreement to calculate and directly debit client
accounts for investment advisory fees. In other
cases, MPF is deemed to have custody of LGIP
programs administered by our affiliate and
accounts of advisory clients that hold positions in those programs. LGIP program investors receive
audited financial statements for the pool within
120 of the program's fiscal year end. For
individual clients invested in such programs, MPF
has implemented policies and procedures
intended to annually verify the location of client funds and securities held for the benefit of MPF's clients in these programs.

ITEM 16 - INVESTMENT DISCRETION
MPF will manage Public Client assets on a
discretionary or non-discretionary basis. Under
either circumstance, MPF will observe limitations
and restrictions that are outlined in each Public
Client's investment policy agreement or
restrictions imposed by state laws or regulations.

Investment guidelines and restrictions must be
provided to MPF in writing.

For non-discretionary Public Clients, MPF will
make recommendations that must be authorized
by the Public Client prior to execution of the
transaction. For discretionary Public Clients,
securities will be purchased and sold for the
account without obtaining prior approval for the
security selected, the quantity of securities
bought or sold, or the broker-dealer used to
execute each transaction. Authorization for
discretionary management is obtained through a
signed investment management agreement.

Discretionary management of accounts is
undertaken in accordance with the applicable
state investment code and the Public Client's
investment policy.
tTEM 17 - VOTING CLIENT SECURITIES
MPF does not accept or have the authority to
vote Public Client securities. Public Clients will receive their proxies or other solicitations
directly from their custodian or transfer agent.

Public Clients may contact MPF if they have
questions regarding a particular solicitation, but
MPF will not be deemed to have proxy voting
authority solely as a result of providing advice or information about a particular proxy vote to a
client.

MPF will neither advise nor act on behalf of
clients in legal proceedings involving companies
whose securities are held in a client's account,
including the filing of "proofs of claim" in
connection with class action settlements. Clients
may elect to direct MPF to send copies of class
action notices directly to them or to a third-party.

When so directed, MPF will make commercially
reasonable efforts to forward such notices in a
timely manner.

ITEM 18 - FINANCIAL INFORMATION
MPF has no financial commitments that impair its
ability to meet contractual and fiduciary
commitments to its clients and has not been
subject to a bankruptcy proceeding.

MEEDER PUBLIC FuNDS, INC. i MARCH 28, 2025 PAGE 11
248
MEEDER
Form ADV
Part 2B
249
MEEDER
Meeder Public Funds, Inc.

FORM ADV PART 2B

BROCHURE SUPPLEMENT
October 10, 2025
6'l25 Memorial Drive
Dublin, Ohio 43017
(61 4)766-7000
(866) 633-3371
www.meederinvestment.com
This brochure supplement provides information about the team of Advisers that provide services to your account and supplements the ADV Part 2A Brochure for the Registered Investment Adviser, Meeder Public Funds,lnc.Youshould have received acopyofthat brochure. PIeasecontactyourAdvisororMeeder Public Funds, Inc. if you did not receive a copy of Meeder's ADV Brochure or if you have any questions about the contents of this supplement.

Additional information aboutthe Advisers in this Supplement is available on the SEC'swebsite at www.adviserinfo.gov
PAGE 1 I MEEDER PllBLIC FUNDS, INC. October TO, 2025
250

MI E E D E R
Investment Team
6125 Memorial Drive, Dublin, Ohio 43047 i (614) 766-7000 i www.meBderinv@5tBe4t,coB Jason Headings(b. 1982)!SeniorVice President
Educational Background
Miami University, B.A., Finance & Marketing
Business Experience
02/2006 - Present: Meeder Investment Management, Senior Vice President Professional Designations
Chartered MarketTechnician-CMT@
Disciplinary Information
The Adviser has no legal or disciplinary events to disclose.

Other Investment-Related Business Activities
The Adviser has no other investment-related business activities to disclose.

Other Business Activities
The Adviser has no other business activities to disclose.

Additional Compensation
The Adviser has no additional compensation to disclose.

Supervision
The Firm has also implemented policies and procedures reasonably designm to detect or prevent inappropriate conduct. The supervisor meets regularly with the Adviser to review and monitor his or her activities and client recommendations.

Supervisor: Bob Meeder, Chief Executive Officer
Telephone: (614) 766-7000
PAGE 2i MEEDER PUBLIC FUNDS,INC. OctoberlO, 2025
251
j9-k

MI E E D E R
Investment Team
6125 Memorial Drive, Dublin, Ohio 43017i (614) 766-7000 i www.meederinveBtmqni.(,gm 10655 Park Run Drive, Suite 120, Las Vegas, NV 89144 Rick Phillips (b. 1963), Senior Vice President & Chief Investment Strategist Educational Background
Brigham Young University, B.S., Finance
University of Utah, M.A., Business Administration
Business Experience
12/2023- Present: Meeder Investment Management, Sr. Vice President &Chief Investment Strategist 02/2012-12/2023: FHN Financial Main Street Advisors, President & Chief Investment Officer Professional Designations
Certified Cash Manager- CCM@
Disciplinary Information
The Adviser has no legal or disciplinary events to disclose.

Other Investment-Related Business Activities
The Adviser has no other investment-related business activities to disclose.

Other Business Activities
The Adviser has no other business activities to disclose.

Additional Compensation
The Adviser has no additional compensation to disclose.

Supervision
The Firm has also implemented policies and procedures reasonably designed to detect or prevent inappropriate conduct. The supervisor meets regularlywith the Adviser to review and monitor his or her activities and client recommendations.

Supervisor: Jason Headings
Telephone: (614) 766-7000
13(l
PAGE 41 MEEDER PUBLIC FLINDS, INC. October 10, 2025
252

M E E D E R
Investment Team
6125 Memorial Drive, Dublin, Ohio 43017 i (614) 766-7000 i y,rl'ieederinve3tment.coB Jonathan Azoff (b. 1985), Senior Vice President
Educational Background
Tulane University, B.A,. Political Economy Emory
University School of Law, J.D.

St. John's University School of Law, L.L.M. in Bankruptcy Indiana University, M.S. in Finance
Business Experience
07/2023 - Present: Meeder Investment Management, Senior Vice President 02/2019 - 07/2023: Ohio Treasurer of State, Chief of Finance & Senior Counsel Professional Designations
Certified Treasury Professional - CTP@
Disciplinary Information
The Adviser has no legal or disciplinary events to disclose.

Other Investment-Related Business Activities
The Adviser has no other investment-related business activities to disclose.

Other Business Activities
The Adviser has no other business activities to disclose.

Additional Compensation
The Adviser has no additional compensation to disclose.

Supervision
The Firm has also implemented policies and procedures reasonably designm to detect or prevent inappropriate conduct. The supervisor meets regularly with the Adviser to review and monitor his or her activities and client recommendations.

Supervisor: Bob Meeder, Chief Executive Officer
Telephone: (614) 7(o6-7000
PAGE 5 MEEDER PUBLIC FUNDS,INC. October10, 2025
253

MI E E D E R
Investment Team
6125 Memorial Drive, Dublin, Ohio 43017 i (614) 766-7000i www.meederinvestment.com 10655 Park Run Drive, Suite 120,Las Vegas, NV 89144 Gregory Balls (b. 1979), Director, Advisory Services Educational Background
Lltah State University, B.S., Economics and Finance
Business Experience
12/2023 - Present: Meeder Investment Management, Director, Advisory Services 02/2022 - 12/2023: FHN Financial Main Street Advisors, Assistant Chief Investment Officer 06/20% - 02/2022: FHN Financial Main Street Advisors, Portfolio Manager & Analyst Professional Designations
Chartered FinancialAnalyst-CFA@
Disciplinary Information
The Adviser has no legal or disciplinary events to disclose.

Other Investment-Related Business Activities
The Adviser has no other investment-related business activities to disclose.

Other Business Activities
The Adviser has no other business activities to disclose.

Additional Compensation
The Adviser has no additional compensation to disclose.

Supervision
The Firm has also implemented policies and procedures reasonably designed to detect or prevent inappropriate conduct. The supervisor meets regularly with the Adviser to review and monitor his or her activities and clientrecommendations.

Supervisor: Paulina Woo
Telephone: (614) 7e,ei-7000
PAGE 6 i MEEDER PUBLIC FUNDS, INC. October 10, 2025
254

M E E D E R
Investment Teatn
6125 Memorial Drive, Dublin, Ohio 430171 (614) 766-7000 I www,meederinvestment,com Barry Baughier (b. 1974), Director, Advisory Services Educational Background
East Texas A&M, B.B.A, Business Administration and Management East Texas A&M, M.B.A., Business Administration
Business Experience
12/2022- Present: Meeder Investment Management, Director, AdvisoryServices 09/2022 - 12/2022: Deep Blue Investment Advisors, Director 02/2020 - 09/2021: PFM Fund Distributors, Inc., Director 03/2009 - 02/2020: PFM Fund Distributors, Inc., Senior Managing Consultant Professional Designations
None
Disciplinary Information
The Adviser has no legal or disciplinaiy events to disclose.

Other Investment-Related Business Activities
The Adviser has no other investment-related business activities to disclose.

Other Business Activities
The Adviser has no other business activities to disclose.

Additional Compensation
The Adviser has no additional compensation to disclose.

Supervision
The Firm has also implemented policies and procedures reasonably designed to detect or prevent inappropriate conduct. The supervisor meets regularly with the Adviser to review and monitor his or her activities and client recommendations.

Supervisor: Jason Headings
Telephone: (614) 766-7000
PAGE 7 i MEEDER PUBLIC FUNDS, INC. October 10, 2025
255
Mi E E D E R
Investment Team
6125 Memorial Drive, Dublin, Ohio 43017i (614) 766-7000i www.meederinvqst(nBnt.com '10655 Park Run Drive, Suite 120, Las Vegas, NV 89144 Tonya Dazzio (b. 1967), Director, Advisory Services Educational Background
Llniversity of Nevada Las Vegas, B.S., Business Administration Business Experience
12/2023- Present: Meeder Investment Management, Director, Advisory Services 02/2012 - 12/2023: FHN Financial Main Street Advisors, Chief Compliance Officer & Chief Operating Officer Professional Designations
Certified Cash Manager- CCM@
Disciplinary Information
The Adviser has no legal or disciplinary events to disclose.

Other Investment-Related Business Activities
The Adviser has no other investment-related business activities to disclose.

Other Business Activities
The Adviser has no other business activities to disclose.

Additional Compensation
The Adviser has no additional compensation to disclose.

Supervision
The Firm has also implemented policies and procedures reasonably designed to detect or prevent inappropriate conduct. The supervisor meets regularlywith the Adviser to review and monitor his or her activities and clientrecommendations.

Supervisor: Paulina Woo
Telephone: (614) 766-7000
S%'Z
PAGE 8 MEEDER PUBLIC FuNDS,INC. October10, 2025
256
za
Mi E E D' E R
Investment Team
6125 Memorial Drive, Dublin, Ohio 43017 i (614) 766-7000 i y,meederinve3tment.com Scott Gruber (b. 1989), Director, Advisory Semces
Educational Background
Otterbein University, B.S., Business Administration, Finance Business Experience
08/2011 - Present: Meeder Investment Management, Director, Advisory Services Professional Designations
Chartered Market Technician-CMT@
Disciplinary Information
The Adviser has no legal or disciplinary events to disclose.

Other Investment-Related Business Activities
The Adviser is a registered representative of Meeder Distribution Services, Inc, an affiliated broker-dealer.

When acting in the capacity of a registered representative, the Adviser is eligible to receive commissions for the sale of securities, including mutual funds, money market funds, and local government investment pools. Recommendations to purchase securities that pay commissions present a conflict of interest because the Adviser has an incentive to recommend investment products based on the compensation received. Meeder does not pay commissions on securities purchased within the firm's advisory accounts.

Other Business Activities
The Adviser has no other business activities to disclose.

Additional Compensation
The Adviser has no additional compensation to disclose.

Supervision
The Firm has also implemented policies and procedures reasonably designed to detect or prevent inappropriate conduct. The supervisor meets regularly with the Adviser to review and monitor his or her activities and client recommendations.

Supervisor: Nick Vaccari
Telephone: (614) 766-7000
PAGE 9 i MEEDER PUBLIC FUNDS, INC. October 10 2025
257

M E E D E R
Investment Team
6j25 Memorial Drive, Dublin, Ohio 430i7 i (6%) 766-7000 i www.mqederinvestment.coB Phillip Jones (b.1989), Director, Public Funds
Educational Background
University of Louisiana, B.S., Finance and Accounting Business Experience
05/2025 - Present: Meeder Investment Management, Director, Advisory Services 10/2023 - 05/2025: Hilltop Securities, LLC, Asset Management Sales 10/2020 - 10/2023: J.P. Morgan Securities, LLC, Financial Advisor 07/2018 - 10/2020: TD Ameritrade Institutional, Relationship Manger II Professional Designations
None
Disciplinary Information
The Adviser has no legal or disciplinaiy events to disclose.

Other lnvestment-Re €ated Business Activities
The Adviser is a registered representative of Meeder Distribution Services, Inc, an affiliated broker-dealer.

When acting in the capacity of a registered representative, the Adviser is eligible to receive commissions for the sale of securities, including mutual funds, money market funds, and local government investment pools. Recommendations to purchase securities that pay commissions present a conflict of interest because the Adviser has an incentive to recommend investment products based on the compensation received. Meeder does not pay commissions on securities purchased within the firm's advisory accounts, Other Business Activities
The Adviser has no other business activities to disclose.

Additional Compensation
The Adviser has no additional compensation to disclose.

Supervision
The Firm has also implemented policies and procedures reasonably designed to detect or prevent inappropriate conduct. The supervisor meets regularlywith the Adviser to review and monitor his or her activities and client recommendations.

Supervisor: Nick Vaccari
Telephone: (614) 7BB-7000
1 'tO
PAGE10I MEEDER PLIBLIC FUNDS,INC. October 10 2025
258
L€k,
M: E E D E R
Investment Team
6125 Memorial Drive, Dublin, Ohio 43017 i (614) 766-7000 i vwp.rrleed@lajHvestment,com Mike Kloack (b. 1968), Directorl Advisory Services Educational Background
Baker College, B.A., Business Administration
Spring Arbor University, M.A., Business Administration Business Experience
05/2017 - Present: Meeder Investment Management, Director, Advisory Services Professional Designations
None
Disciplinary Information
The Adviser has no legal or disciplinary events to disclose.