Agenda packet — City Council and Concurrent Authorities, December 10, 2024 (part 1 of 6)

City Council/Successor Agency to the
Redevelopment Agency/Public
Financing Authority/Parking Authority
Concurrent
City of Stockton
Meeting Agenda - Final
City Council/Successor
Agency of the
Redevelopment
Agency/Public Financing
Authority/Parking Authority
Concurrent Agenda
Kevin J. Lincoln II, Mayor/Chair (At Large)
Kimberly Warmsley, VIce Mayor (District 6)
Michele Padilla (District 1)
Daniel R. Wright (District 2)
Michael Blower (District 3)
Susan Lenz (District 4)
Brando Villapudua (District 5)
Council Chamber, City Hall, 425 N. El Dorado
Street, Stockton CA
5:30 PMTuesday, December 10, 2024

1. REGULAR SESSION CALL TO ORDER/ROLL CALL

2. INVOCATION/PLEDGE TO FLAG

3. ADDITIONS TO REGULAR SESSION AGENDA***

4. RECOGNITIONS, ANNOUNCEMENTS, OR REPORTS

4.1 24-1250
COMMENDATION: IN POSTHUMOUS HONOR OF JEANETTE

SANTOS CUTHBERT
Department: Office of the Mayor

5. PUBLIC COMMENTS* – MATTERS NOT ON THE AGENDA

6. CONSENT AGENDA

6.1 24-1244 ACCEPT THE QUARTERLY INVESTMENT REPORT FOR
QUARTER ENDED SEPTEMBER 30, 2024
Recommended Action: RECOMMENDATION
It is recommended that the City Council accept by motion the Quarterly Investment Report for the quarter ended September 30, 2024.

Department: Administrative Services
Attachment A - Combined Quarterly Investment Report
Attachment B - Certification of Quarterly Investment Report Attachments:

6.2 24-1258 APPROVAL OF CITY COUNCIL MINUTES

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1 December 10, 2024City Council/Successor Agency to
the Redevelopment Agency/Public
Financing Authority/Parking
Authority Concurrent
Meeting Agenda - Final
Recommended Action:

RECOMMENDATION
Approve the minutes from the City Council meetings of October 1, 2024, November 12, 2024, November 19, 2024, and December 3, 2024 Department: City Clerk
Attachment A – 2024-10-01
Attachment B – 2024-11-12
Attachment C – 2024-11-19
Attachment D – 2024-12-03
Attachments:

6.3 24-1234 ACCEPT COMMITTEE MINUTES FOR FILING
Recommended Action: RECOMMENDATION
Accept for filing minutes from the Censure Ad-Hoc Committee, Community Improvement and Crime Prevention Committee, Charter Review Advisory Commission, Council Charter Review Ad-Hoc Committee.

Department: City Clerk
Attachment A - Censure Ad Hoc
Attachment B - CICP
Attachment C - CRAC
Attachment D - CRAC AdHoc
Attachments:

6.4 24-1235 ADOPTION OF PROPOSED REDLINE CHANGES TO CHAPTERS

3.02, 3.08, and 3.10 OF THE COUNCIL POLICY MANUAL
Recommended Action: RECOMMENDATION
Staff recommends that the City Council adopt by resolution the proposed redline changes to Chapters 3.02, 3.08, and 3.10 of the Council Policy Manual.

Department: City Clerk
Attachment A - CPM Chapter 3.02 - Redline
Attachment B - CPM Chapter 3.08 - Redline
Attachment C - CPM Chapter 3.10 - Redline
Proposed Resolution - B&C Term Limits
Exhibit 1 - CPM Chapter 3.02
Exhibit 2 - CPM Chapter 3.08
Exhibit 3 - CPM Chapter 3.10
Attachments:

6.5 24-1140 ADOPT A RESOLUTION DECLARING AND CERTIFYING THE RESULTS OF THE NOVEMBER 5, 2024, CITY OF STOCKTON,

GENERAL MUNICIPAL ELECTION

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2 December 10, 2024City Council/Successor Agency to
the Redevelopment Agency/Public
Financing Authority/Parking
Authority Concurrent
Meeting Agenda - Final
Recommended Action:

RECOMMENDATION
It is recommended that the City Council adopt a resolution accepting the results of the November 5, 2024, City of Stockton, General Municipal Election as certified by the San Joaquin County Registrar of Voters.

Department: City Clerk
Attachment A - Certificate of Facts - Council Office
Attachment B - Certificate of Facts - Measures
Proposed Resolution - Certifying Election Results
Exhibit 1 - Cumulative Results
Attachments:

6.6 24-1236 ADOPT A RESOLUTION TO AUTHORIZE SUBAGREEMENTS FOR

THE CALIFORNIA VOLUNTEERS YOUTH SERVICE CORPS
GRANT IN THE AMOUNT OF $1.2 MILLION
Recommended Action:

RECOMMENDATION
It is recommended that the City Council approve a resolution to:

1. Authorize the City Manager to execute agreements with two (2) subgrantees totaling $1,194,392.13 to implement youth workforce programs with the CaliforniansForAll Youth Service Corps grant funds.

2. Approve findings pursuant to Stockton Municipal Code section 3.68.070 to support and justify an exception to the competitive bidding process.

It is recommended that the resolution authorize the City Manager to take appropriate and necessary actions to carry out the purpose and intent of the resolution.

Department: City Manager
Proposed Resolution - CFA Round 2 Subagreements
Exhibit 1 - Parents by Choice
Exhibit 2 - GVCC
Attachments:

6.7 24-1227 APPROVE AN ADDENDUM TO THE LICENSE AGREEMENT WITH

ZENCITY TECHNOLOGIES

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3 December 10, 2024City Council/Successor Agency to
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Financing Authority/Parking
Authority Concurrent
Meeting Agenda - Final
Recommended Action:

RECOMMENDATION
It is recommended that the City Council approve by motion:

1. An addendum to the annual software license agreement with Zencity Technologies (Zencity) in the amount of $63,000. This price includes $43,000 for the annual software service subscription and $20,000 for the ad-hoc Pulse Survey.

2. Authorize the City Manager to continue this annual
Software-as-a-Service (SaaS) subscription through the regular budget approval process.

It is also recommended that the City Manager be authorized to take appropriate and necessary action to carry out the purpose and intent of this motion.

Department: City Manager
Attachment A - Zencity License Agreement AddendumAttachments:

6.8 24-1261 REVISED 2025 CITY COUNCIL/SUCCESSOR

AGENCY/STOCKTON PUBLIC FINANCING

AUTHORITY/STOCKTON PARKING AUTHORITY MEETING

CALENDAR
Recommended Action:

RECOMMENDATION
It is recommended that the City Council, Successor Agency, Stockton Public Financing Authority, and Stockton Parking Authority adopt by motion the REVISED 2025 Concurrent City Council/Successor Agency/Stockton Public Financing Authority/Stockton Parking Authority Meeting Calendar.

Department: City Manager
Attachment A - REVISED 2025 Stockton City Council Meeting CalendarAttachments:

6.9 24-1253 ADOPT A RESOLUTION APPOINTING POSITIONS IN THE OFFICE

OF THE MAYOR
Recommended Action: RECOMMENDATION
It is recommended that the City Council adopt a resolution that:

1. Appoints new employees to fill two of the three upcoming vacancies in the Office of the Mayor; and

2. Authorize the City Manager to take whatever actions are necessary and appropriate to carry out the purpose and intent of the resolution.

Department: City Manager

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4 December 10, 2024City Council/Successor Agency to
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Meeting Agenda - Final
Attachment A - Class Spec - Executive Assistant to the Mayor Attachment A1 - Mayor Executive Assistant_Lynn Smith Resume Attach B - Class Spec - Mayors Senior Policy Advisor
Attach B1 - Mayors Senior Policy Advisor_Esperanza Vielma Attachment C - Class Spec - Mayoral Public Information Officer Proposed Resolution
Attachments:

6.10 24-1172 APPROVE A PROFESSIONAL SERVICES AGREEMENT WITH

RANE COMMUNITY DEVELOPMENT TO PROVIDE STAFF

AUGMENTATION FOR HOMELESS SUPPORT SYSTEMS
Recommended Action:

RECOMMENDATION
It is recommended that the City Council by motion:

1. Approve a Professional Services Agreement with Rane Community Development to provide capacity building support, staff augmentation and project oversight for several Homeless Housing Assistance and Prevention (HHAP) program initiatives, funded with HHAP Rounds 3 and 4 funding for a total of $600,000.00;

2. Authorize the City Manager to take necessary and appropriate actions to carry out the purpose and intent of this motion.

Department: Economic Development
Attachment A - Rane Community Development AgreementAttachments:

6.11 24-1177 MOTION TO EXERCISE OPTION TO EXTEND TERM OF THE ASM (SMG) OPERATING AGREEMENT FOR MANAGEMENT OF EVENT
VENUES
Recommended Action:

RECOMMENDATION
It is recommended that the City Council approve a motion to:

1. Exercise a five (5)-year extension option through June 30, 2031, as permitted under the current Facilities Management Agreement with ASM Global, for management services for the Adventist Health Arena (Arena), Banner Island Ballpark (Ballpark), Bob Hope Theater, Oak Park Ice Rink and Downtown Marina (collectively, "Facilities");

2. Authorize the City Manager, or designee, to accept and appropriate a $500,000 investment from ASM required under the current agreement to the Venues Fund; and

3. Authorize the City Manager to take appropriate and necessary actions to carry out the purpose and intent of this resolution.

Department: Economic Development

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5 December 10, 2024City Council/Successor Agency to
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Financing Authority/Parking
Authority Concurrent
Meeting Agenda - Final
Attachment A - Resolution Reso 11-0022
Attachment B - Contract Extension
Attachment C - Resolution 2018-03-20-1402
Attachment D - Resolution 2020-05-12-1403
Attachments:

6.12 24-1198 ADOPT A RESOLUTION APPROVING A GRANT TO STAND

AND/OR OTHER ELIGIBLE ORGANIZATION FOR PROPERTY

ACQUISITION AND DEVELOPMENT OF A MINIMUM OF ONE

AFFORDABLE HOUSING UNIT
Recommended Action:

RECOMMENDATION
It is recommended that the City Council adopt a resolution:

1. Approving up to $800,000 Community Development Block Grant (CDBG) grant to Stocktonians Taking Action to Neutralize Drugs (STAND) and/or other eligible organization for the purpose of acquiring property under a scattered site housing acquisition program to serve justice-involved persons;

2. Approving up to $40,000 in HHAP Round 4 funding for furnishings and equipment for any property acquired;

3. Approving the allocation of one unit of affordable housing for the scattered site project pursuant to Article XXXIV of the California Constitution; and

4. Authorizing the City Manager or designee to defund and reallocate awarded funding if the project is unable to meet the underwriting and general City affordable housing requirements. If defunded, the funding is to be reallocated to eligible projects that can meet the funding source agency timelines and general requirements.

5. Authorizing the City Manager, or designee, to execute all documents and take all necessary and appropriate actions to carry out the purpose and intent of the resolution.

Department: Economic Development
Attachment A - Resolution 2024-10-01-1209
Proposed Resolution
Attachments:

6.13 24-1201 ADOPT A RESOLUTION AUTHORIZING AN AMENDMENT TO THE

STANDARD AGREEMENT WITH CALIFORNIA DEPARTMENT OF

HOUSING AND COMMUNITY DEVELOPMENT FOR THE

HOMEKEY PROJECT TOWN CENTER STUDIOS TO ADD TOWN

CENTER STUDIOS, LP TO THE STANDARD AGREEMENT

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6 December 10, 2024City Council/Successor Agency to
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Financing Authority/Parking
Authority Concurrent
Meeting Agenda - Final
Recommended Action:

RECOMMENDATION
It is recommended that the City Council adopt a resolution authorizing:

1. An amendment to the Homekey Project Town Center Studios Standard Agreement (Agreement) between the City and the California Department of Housing and Community Development to add Town Center Studios, LP as a contractor to the Agreement.

2. The City Manager to execute all necessary Homekey Documents for participation in the Homekey Program, including but not limited to amendments to the Standard Agreement with the California Department of Housing and Community Development.

It is further recommended that the City Manager, or designee, be authorized to take appropriate and necessary actions to carry out the purpose and intent of this resolution.

Department: Economic Development
Attachment A - Agreement - Homekey Program
Proposed Resolution
Attachments:

6.14 24-1224 ADOPT A RESOLUTION TO APPROVE FINDINGS AND AUTHORIZE CONTRACT AMENDMENT NO. 5 WITH ALPHA
ANALYTICAL LABORATORIES, INC. FOR REGULATORY TESTING

SERVICES
Recommended Action:

RECOMMENDATION
It is recommended that the City Council adopt a resolution to:

1. Approve findings pursuant to Stockton Municipal Code Section

3.68.3070 which justify and support an exception to the competitive bidding process.

2. Authorize the City Manager to execute a six-month contract extension with Alpha Analytical Laboratories, Inc. of Elk Grove, California for $70,750 to provide contract laboratory services to support regulatory testing requirements.

It is also recommended that the City Manager be authorized to take appropriate and necessary actions to carry out the purpose and intent of this resolution.

Department: Municipal Utilities
Proposed Resolution
Exhibit 1 - Signed Amendment
Attachments:

6.15 24-1226 APPROVE MOTION TO AUTHORIZE BALANCING CONTRACT CHANGE ORDER NO. 2 FOR THE OAK PARK SENIOR PARKING

LOT RESURFACING PROJECT

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7 December 10, 2024City Council/Successor Agency to
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Financing Authority/Parking
Authority Concurrent
Meeting Agenda - Final
Recommended Action:

RECOMMENDATION
It is recommended that the City Council approve a motion to authorize Balancing Contract Change Order No. 2, in the amount of $155,744.10, with George Reed, Inc. for the Oak Park Senior Parking Lot Resurfacing, Project No. WD22012.

It is also recommended that the City Manager be authorized to take appropriate and necessary actions to carry out the purpose and intent of this motion.

Department: Public Works
Attachment A - Vicinity Map
Attachment B - Balancing CCO No. 2
Attachments:

6.16 24-1149 ADOPT RESOLUTION AUTHORIZING THE CITY MANAGER TO

EXECUTE AND SUBMIT THE TRANSPORTATION DEVELOPMENT
ACT CLAIM FOR FISCAL YEAR 2024-25
Recommended Action:

RECOMMENDATION
It is recommended that the City Council adopt a resolution to authorize the City Manager or his Designee to:

1. Execute and submit a claim to the San Joaquin Council of Governments for the Transportation Development Act tax revenue for the 2024-25 fiscal year.

2. Receive and deposit the proceeds in Transportation Development Act Fund 245 pursuant to State of California requirements.

It is also recommended that the City Manager be authorized to take appropriate and necessary actions to carry out the purpose and intent of this resolution.

Department: Public Works
Proposed ResolutionAttachments:

6.17 24-1153 ADOPT RESOLUTION TO AUTHORIZE ROOF RESTORATION AT

FAIR OAKS LIBRARY, MCKINLEY COMMUNITY CENTER, OAK

PARK TENNIS COMPLEX, AND OAK PARK ICE ARENA

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8 December 10, 2024City Council/Successor Agency to
the Redevelopment Agency/Public
Financing Authority/Parking
Authority Concurrent
Meeting Agenda - Final
Recommended Action:

RECOMMENDATION
It is recommended that the City Council adopt a resolution to:

1. Approve Notice of Exemption No. NOE53-24 under the California Environmental Quality Act for Roof Restoration - Fair Oaks, McKinley, Oak Park Tennis Complex and Ice Arena, Project No. WC13020-B.

2. Approve findings pursuant to Stockton Municipal Code section 3.68.070 in support of an exception to the competitive bidding process.

3. Authorize the City Manager to execute a Cooperative Purchasing Agreement through Omnia Partners, Contract No. R230404, to provide the City access to preferential pricing of roofing products, services, and job-order-contracting services from Weatherproofing Technologies, Inc.

4. Authorize the City Manager to execute a Construction Contract in the amount of $1,105,188.26 with Weatherproofing Technologies, Inc. of Beachwood, OH, for Roof Restoration - Fair Oaks, McKinley, Oak Park Tennis Complex and Ice Arena, Project No. WC13020-B.

5. Authorize a budget amendment to appropriate funds in the amount of $232,383 from the Entertainment Venues fund balance to the Roof Restoration - Fair Oaks, McKinley, Oak Park Tennis Complex and Ice Arena, Project No. WC13020-B.

It is also recommended that the City Manager be authorized to take appropriate and necessary actions to carry out the purpose and intent of this resolution.

Department: Public Works
Attachment A - Vicinity Map
Proposed Resolution
Exhibit 1 - Notice of Exemption
Exhibit 2 - Cooperative Purchasing Agreement
Exhibit 3 - Construction Contract
Attachments:

6.18 24-1156 ADOPT RESOLUTION TO AUTHORIZE PURCHASING
AGREEMENTS FOR THE PURCHASE OF 31 TRUCKS

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9 December 10, 2024City Council/Successor Agency to
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Financing Authority/Parking
Authority Concurrent
Meeting Agenda - Final
Recommended Action:

RECOMMENDATION
It is recommended that the City Council adopt a resolution to:

1. Appropriate funds in the amount of $1,275,020.69 from the Fleet Internal Service Fund Balance to the Fiscal Year 2024-25 Fleet Internal Service Fund, Equipment Acquisition Account.

2. Approve findings pursuant to Stockton Municipal Code section 3.68.070 in support of an exception to the competitive bidding process.

3. Approve the use of a Leveraged Purchasing Agreement through the State of California, Department of General Services, Contract No. 1-22-23-20B-K, in the amount of $855,350.21, from Downtown Ford of Sacramento, CA, for the purchase of 17 trucks.

4. Approve the use of a Cooperate Purchasing Agreement through Sourcewell, Contract No. 032824-RTG, in the amount of $1,530,698.57, from Rush Medium-Duty Truck Centers of California, Inc. dba Rush Truck Center of Ceres, CA, for the purchase of 14 trucks.

5. Authorize the City Manager to execute two Purchasing Agreements in the total amount of $2,386,048.78 with Downtown Ford and Rush Medium-Duty Truck Centers of California, Inc. dba Rush Truck Center for the purchase of 31 trucks with various equipment.

It is also recommended that the City Manager be authorized to take appropriate and necessary actions to carry out the purpose and intent of this resolution.

Department: Public Works
Attachment A - Vehicle Replacement List
Proposed Resolution
Exhibit 1 - Cooperative Agreement-Downtown Ford
Exhibit 2 - Cooperative Agreement-Rush Truck Center
Attachments:

6.19 24-1229 APPROVE MOTION TO EXECUTE PROFESSIONAL SERVICES

CONTRACT AMENDMENTS FOR THE NORTHEAST STOCKTON

LIBRARY AND COMMUNITY CENTER PROJECT

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10 December 10, 2024City Council/Successor Agency to
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Financing Authority/Parking
Authority Concurrent
Meeting Agenda - Final
Recommended Action:

RECOMMENDATION
It is recommended that the City Council approve a motion to:

1. Authorize the City Manager to execute Professional Services Contract Amendment No. 7 in the amount of $998,640 with Architectural Nexus, Inc. for the Northeast Stockton Library and Community Center, Project No.

CL17024.

2. Authorize the City Manager to execute Professional Services Contract Amendment No. 5 in the amount of $560,000 with Griffin Structures, Inc. for the Northeast Stockton Library and Community Center, Project No.

CL17024.

It is also recommended that the City Manager be authorized to take appropriate and necessary actions to carry out the purpose and intent of this motion.

Department: Public Works
Attachment A - Vicinity Map
Attachment B - Amendment No. 7
Attachment C - Amendment No. 5
Attachments:

7. ADMINISTRATIVE MATTERS

8. UNFINISHED BUSINESS

9. NEW BUSINESS

10. HEARINGS**

11. CITY MANAGER'S UPDATE

12. COUNCIL COMMENTS

13. ADJOURNMENT

INFORMATIONAL ITEMS
1 24-1195

CITY OF STOCKTON BOARDS AND COMMISSIONS LOCAL
APPOINTMENT LIST FOR CALENDAR YEAR 2025
Recommended Action: This notice is given in compliance with the requirements of the Maddy Act, California Government Code Section 54970 et. seq.

This item is information only; no action required.

Department: City Clerk

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2025 Local Appointment List - Maddy ActAttachments:

CERTIFICATE OF POSTING
I declare, under penalty of perjury, that I am employed by the City of Stockton and that I caused this agenda to be posted in the City Hall notice case on December 6, 2024, in compliance with the Brown Act.

Katherine Roland, CMC, CPMC
City Clerk
By: ________________________________

Deputy

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PUBLIC COMMENTS
*
Citizens may comment on any subject within the jurisdiction of the City Council/Successor Agency to the Redevelopment Agency/Public Finance Authority/Parking Authority, including items on the Agenda. Each speaker is limited to two minutes. Speakers must submit “Request to Speak” cards to the City Clerk, and be prepared to speak when called. No speaker cards will be received after the close of the Citizen’s Comments portion of the meeting.
**Speakers should hold comments on items listed as a Hearing until the Hearing is opened.

The City of Stockton invites public comments in multiple forms. You provide your comments by using one of these methods:

1. Email - you may email your comments to [email protected]

2. Voicemail - you can leave a voice message by dialing (209) 937-8459.

3. In-Person Comments - a) Speakers must submit "request to speak cards" to the Clerk prior to the Public Comment portion of the agenda. No speaker cards will be accepted after the close of Public Comment. Please redirect any inquiries to [email protected]. b) Address only issues over which the meeting body has jurisdiction. c) Each speaker will be limited to one 2-minute comment opportunity. Donating time is not authorized. d) Your time will be displayed on the speaker podium for convenience. *
All written and voicemail public comments received by the Clerk's Office 90 minutes prior to the meeting start time will be forwarded to the meeting body members as correspondence and attached the minutes. All comments received after that time will be forwarded as correspondence the following business day. Written and voicemail comments will not be read into the record.
***Additions to the Agenda - Government Code Section 54954.2(b)(2), allows members of the City Council present at the meeting to take immediate action, with either a two-thirds or unanimous vote, to place an item on the agenda that action must be taken and that the item came to the attention of the City subsequent to the agenda being posted.

All proceedings before this meeting body are conducted in English. Requests for real-time translation by WordlyAI must be received by the Clerk’s Office at least 30 minutes prior to the start of the meeting. Contact the City Clerk’s Office at (209) 937-8458 or [email protected]
Todos los procedimientos ante este órgano de reunión se llevan a cabo en inglés. Las solicitudes de traducción en tiempo real por parte de WordlyAI deben recibirse en la Oficina del Secretario al menos 30 minutos antes del inicio de la reunión. Comuníquese con la Oficina del Secretario Municipal al (209) 937-8458 o [email protected] In accordance with the Americans With Disabilities Act and California Law, it is the policy of the City of Stockton to offer its public programs, services and meetings in a manner that is readily accessible to everyone, including those with disabilities. If you are a person with a disability and require a copy of a public hearing notice, or an agenda and/or agenda packet in an appropriate alternative format; or if you require other accommodation, please contact the Office of the City Clerk located at 425 North El Dorado Street, Stockton, California 95202 during normal business hours or by calling (209) 937-8458, at least 5 days in advance of the hearing/meeting. Advance notification within this guideline will enable the City/Agency to make reasonable arrangements to ensure accessibility.

Materials related to an item on this agenda submitted to City Council after distribution of the agenda packet are available for public inspection in the City Clerk's Office at 425 North El Dorado Street, Stockton, California 95202, during normal business hours. Such documents are also available on the City's website at www.stocktongov.com subject to staff's ability to post the documents before the meeting.

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CHALLENGING CITY DECISIONS: The time limit within which to commence any lawsuit or legal challenge to any quasi-adjudicative decision made by the City is governed by Section 1094.6 of the Code of Civil Procedure, unless a shorter limitation period is specified by any other provision. Under Section 1094.6, any lawsuit or legal challenge to any quasi-adjudicative decision made by the City must be filed no later than the 90th day following the date on which such decision becomes final. Any lawsuit or legal challenge, which is not filed within that 90-day period, will be barred. If a person wishes to challenge the nature of the above section in court, they may be limited to raising only those issues they or someone else raised at the meeting described in this notice, or in written correspondence delivered to the City of Stockton, at or prior to the meeting. In addition, judicial challenge may be limited or barred where the interested party has not sought and exhausted all available administrative remedies.

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Legislation Text
File #: 24-1250, Version: 1
COMMENDATION: IN POSTHUMOUS HONOR OF JEANETTE SANTOS CUTHBERT City of Stockton Printed on 12/6/2024Page 1 of 1
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15 City of Stockton
Legislation Text
File #: 24-1244, Version: 1
ACCEPT THE QUARTERLY INVESTMENT REPORT FOR QUARTER ENDED SEPTEMBER 30, 2024

RECOMMENDATION
It is recommended that the City Council accept by motion the Quarterly Investment Report for the quarter ended September 30, 2024.

Summary
Pursuant to California Government Code section 53646 and the City’s Investment Policy (Policy No.

17.01.030), the City Treasurer (Chief Financial Officer) is required to provide a quarterly report and certification to the City Council, City Manager, and City Auditor.

Starting July 1, 2022, the City moved to have two portfolio managers managing separate portions of the City’s Reserve portfolio. Both Quarterly Investment Reports and Certification for the quarter ending September 30, 2024, are provided as required (Attachments A and B). This report is presented as required and will bring the City current on its reporting requirements.

The City’s consolidated investment portfolio was approximately $975 million as of September 30, 2024, which represents a decrease of $58 million from the prior market value reported on June 30, 2024. The decrease was due to net outflows of $49.5 million to CalPERS to prepay the City’s employer portion of the fiscal year 2024-25 required contribution along with Debt Service payments of approximately $18 million. This consolidated investment portfolio includes the City’s liquidity position, short-term investments, and the reserve portfolios (as shown on page 13 of Attachment A).

The total market value-based earnings for the most recent quarter are shown on page 19 for PFM Asset Management (PFMAM) & page 82 for Chandler Asset Management (Chandler) of Attachment A. Additionally, the City’s liquidity holding in both California Asset Management Program (CAMP) and Local Agency Investment Fund (LAIF), with combined holdings of $93.3 million, with an interest earning of $1 million for the quarter ended September 30, 2024.

DISCUSSION
Background
To comply with state law and City policy, the City is required to present quarterly certification and investment reports detailing the City’s investment portfolio to the City Council, City Manager, and City Auditor. The City also posts monthly transaction reports to the City’s website. The Quarterly Investment Report shall include a complete description of the portfolio, the types of investments, the issuers, maturity dates, par value, and dollar amounts invested in all securities, investments, or programs that are under the management of contracted parties, including lending programs. The City of Stockton Printed on 12/6/2024Page 1 of 3
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certification must provide assurances that investments were made consistent with the City’s Investment Policy and that the City will meet its expenditure obligations for the next six months. The authority of the Council to invest, reinvest funds, sell, or exchange securities is delegated to the City’s Chief Financial Officer, who also serves as City Treasurer (Resolution No. 2024-06-18-1603).

Pursuant to the Investment Policy, the City Treasurer may and does delegate some fiduciary responsibility to outside investment management firms. An investment manager’s fiduciary responsibility is a legal requirement related to registration with the Securities and Exchange Commission under the Investment Advisor Act of 1940.

Due to the specialized services and expertise required to assist the City with the varied investment options available, the City contracts with two experienced investment managers, PFMAM and Chandler.

Present Situation
The attached report (Attachment A) details the activities of the quarter ended September 30, 2024, and includes detailed information on the holdings of the City’s portfolio on that date, as aggregated in the first page of Attachment A, followed by portfolio reports from both investment managers.

Incorporated by reference is a certification (Attachment B) that the assets comply with the requirements of State law and City policy and that there is sufficient liquidity to cover the subsequent six months of budgeted activities.

The attached quarterly investment report has been published on the City’s website along with the monthly reports.

Portfolio Balances and Performance
Economic performance in the quarter ended September 30, 2024, continued to support a soft-landing outlook for the U.S. economy, underpinned by historically low unemployment, resilient consumer spending, record household wealth and a supportive Federal Reserve (Fed). Inflation continued to make progress towards the Fed’s 2% target, while the labor market cooled from it formerly overheated state. This prompted the Fed to acknowledge that the risks on both sides of its dual mandate - stable prices and full employment - were now “roughly in balance.” The Fed cut the overnight policy rate by 50 basis points (bps) (0.50%) to a new target range of 4.75% to 5.00% at its September 18 meeting, marking the first rate cut in over four years. U.S. Treasury yields fell throughout the quarter, as the markets prepared for the first rate cut in September, after the Fed noted in July that the risks to jobs and prices have come into better balance. The yield on the 2-, 5-, and 10-year U.S. Treasuries ended the quarter at 3.64%, 3.56%, and 3.78%, respectively. This represented decreases of 111 bps, 82 bps, and 62 bps, respectively. As a result of lower yields, U.S.

Treasury indices generated strong total returns for the quarter. The ICE BofA 2-Year and 5-Year U.S.

Treasury indices returned 2.85% and 4.41% respectively, while the 10-Year U.S. Treasury index returned 5.73% for the quarter.

The City divides its investment portfolio into Reserve and Liquid portions with a consolidated market value of approximately $975 million as of September 30, 2024. The Reserve portion represents the long-term assets managed by PFMAM and Chandler, and the Liquid portion represents funds invested in several short-term investment vehicles including State of California Local Agency Investment Fund, California Asset Management Program, and Dreyfus Treasury Money Market, to City of Stockton Printed on 12/6/2024Page 2 of 3
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maintain adequate liquidity and optimize returns. The total returns on the consolidated portfolio for the fourth quarter of the fiscal year were positive, as higher income more than offset the negative price effects from modestly higher yields.

The performance of the reserve portion of the portfolio is managed against a benchmark. The PFMAM portfolio benchmark is made up of 80% of the ICE Bank of America (BofA) 1-5 Year AAA-A U.S. Corporate and Government Index and 20% the ICE BofA 5-10 Year U.S. Treasury Index. The Chandler portfolio benchmark is the ICE BofA U.S. Issuers 1-5 Year AAA-A U.S.

Corporate/Government Index. The benchmarks generally reflect each portfolio’s strategy and composition. City staff works closely with both PFMAM and Chandler to monitor the status of the City’s investment portfolios and their returns. For the quarter, the total return performance of the portfolios was positive, as the portfolios benefited not only from interest income, but also from positive market value adjustments because of falling interest rates. These returns are detailed on page 23 for PFMAM and page 95 for Chandler in Attachment A. The quarterly return valuation includes funds from all activities, restricted and unrestricted, and includes changes in fair market value (unrealized gains/losses).

The City’s investment portfolio complies with California Government Code section 53601. It is invested solely in fixed-income securities (no stock holdings) that, while earning certain rates of interest, gain in market value when interest rates fall and lose market value when interest rates rise.

Looking ahead, the Fed’s September “dot plot” implied an additional 50 bps of rate cuts through the balance of 2024 and 100 bps of cuts in 2025. Risks to achieving the Fed’s employment and inflation goals are now “roughly in balance.” However, risks do remain, including elevated geopolitical risks in Ukraine, Israel and China. Additionally, a changing administration in the United States government will present uncertainties as we move into 2025.

FINANCIAL SUMMARY
There is no financial impact related to the presentation of these reports.

Attachment A - Combined Quarterly Investment Report
Attachment B - Certification of Quarterly Investment Report City of Stockton Printed on 12/6/2024Page 3 of 3
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18 Investment Performance Review
For the Quarter Ended September 30, 2024
Client Management Team PFM Asset Management LLC
Monique Spyke, Managing Director
Allison Kaune, Senior Analyst
Joseph Creason, Portfolio Manager
Rachael Miller, Client Consultant
213 Market Street
Harrisburg, PA 17101-2141
717-232-2723
1 California Street Ste. 1000
San Francisco, CA 94111-5411
415-393-7270
NOT FDIC INSURED : NO BANK GUARANTEE : MAY LOSE VALUE
For Institutional Investor or Investment Professional Use Only - This material is not for inspection by, distribution to, or quotation to the general public

CITY OF STOCKTON
1 ATTACHMENT A
19 © PFM Asset Management LLC pfmam.com|
Market Update
2 ATTACHMENT A
20 PFM Asset Management LLC
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended September 30, 2024
Market Update
© PFM Asset Management LLC | pfmam.com
Current Market Themes
▸ The U.S. economy is characterized by:
▹ A labor market that reached better balance and support consumer activity ▹ Inflat
ion that has made meaningful progress towards the Federal Reserve’s (Fed) 2% target, although shelter costs remain a headwind
▹ Resilient economic growth and consumer spending that support the ‘soft landing’ scenario ▸ Fed begins the easing cycle
▹ The Fed cut the federal funds target rate by 50 basis points (bps) to 4.75% - 5.00% at its Septem
ber FOMC meeting
▹ Fed officials note they have gained greater confidence the risks to their dual mandate are “roughly” in balance
▹ The Fed’s September “dot plot” implies 50 bps of additional cuts in 2024 and 100 bps through 2025
▸ Treasury yields continued their descent
▹ Yields on maturities between 3 months and 10 years fell 62-112 bps during the 3 rd quarter
▹ The yield curve began to disinvert in the 3rd quarter as the spread between the 2-year and 10-year Treasury reached positive territory for the first time in over 2 years ▹ Despite intra-quarter spread widening, yield spreads across most credit sectors were range bound at tight levels, reflecting the strength of the economy Source: Bloomberg Finance L.P., as of September 30, 2024.

CITY OF STOCKTON
For the Quarter Ended September 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com|
3 ATTACHMENT A
21 PFM Asset Management LLC
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended September 30, 2024
Market Update
Source: Federal Reserve Chair Jerome Powell Press Conference as of September 18, 2024; Average Cutting Cycle represents the average change in the Fed Funds Rate for the first 10 months of a cutting cycle
back to 1988. Market Implied Fed Funds as of September 30, 2024. Bloomberg Finance L.P. CPI inflation and Nonfarm payrolls from Bureau of Labor Statistics and Bloomberg Finance L.P. 0%
1%
2%
3%
4%
5%
6%
2021 2022 2023 2024 2025
Federal Funds Rate
Fed Funds Upper Bound Market Implied Fed Fund Rates Median FOMC Projections Average Cutting Cycle Dec-22
CPI Inflation

6.5% Dec-23
CPI Inflation

3.4%
Aug-24
CPI Inflation

2.5%
Dec-21
CPI Inflation

7.0%
The Fed Begins the Cutting Cycle With 50bps
Fed Chair Powell: “[I]f we’d have gotten the July [jobs] report before the [July FOMC] meeting would we have cut, well we might have.”

CITY OF STOCKTON
For the Quarter Ended September 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com|
4 ATTACHMENT A
22 Source: Federal Reserve Chair Jerome Powell Press Conference as of September 18, 2024; Bureau of Labor Statistics and Bloomberg Finance L.P., as of September 2024. Data is seasonally adjusted.

For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended September 30, 2024
Market Update
© PFM Asset Management LLC | pfmam.com
Sept-24
254
0 50
100
150
200
250
300
350
400
450
500
Sep-22 Sep-23 Sep-24
Thousands
Monthly Change In
Nonfarm Payrolls
Nonfarm Payrolls 3-month Moving Average
Sept-24

4.1%
3%
4%
5%
Sep-22 Sep-23 Sep-24
Unemployment Rate
Labor Market Moves Into Better Balance
Fed Chair Powell: “…labor market conditions have cooled off by any measure … [but] the level of those conditions is actually pretty close to what I would call maximum employment”

CITY OF STOCKTON
For the Quarter Ended September 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com|
5 ATTACHMENT A
23 Source: Federal Reserve Chair Jerome Powell Press Conference as of September 18, 2024; Bureau of Labor Statistics and Bloomberg Finance L.P., as of August 2024. © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended September 30, 2024
Market Update
Aug-24

5.2%
Aug-24

2.5%
0%
1%
2%
3 %
4%
5%
6%
7 %
8%
9%
10%
Aug-21 Dec-21 Apr-22 Aug-22 Dec-22 Apr-23 Aug-23 Dec-23 Apr-24 Aug-24 Consumer Price Index (CPI)
Top-Line Contributions, Year-over-Year Changes
Shelter CPI Ex-Shelter Headline Shelter YoY% Headline CPI YoY% The shelter
component of
CPI continues to
remain outsized
accounting for
74% of the
increase in the
headline figure
Shelter Inflation increased

5.2% while CPI Ex-Shelter
increased 1.0% (YoY)
Fed Chair Powell: “[H]ousing inflation is the … one piece that is kind of dragging a bit … it’s been slower than we expected”
Inflation Trends Lower

CITY OF STOCKTON
For the Quarter Ended September 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com|
6 ATTACHMENT A
24 Source: Federal Reserve Chair Jerome Powell Press Conference as of September 18, 2024; (Left) Bureau of Economic Analysis and Bloomberg Finance L.P. as of September 2024. (Right) U.S. Census Bureau and Bloomberg Finance L.P., as of August 2024.
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended September 30, 2024
Market Update
Fed Chair Powell: “…if you look at the growth in economic activity data—the [September] retail sales data [and] second quarter GDP—all of this indicates an economy that is still growing at a solid pace.” $11,000
$12,000
$13,000
$14,000
$15,000
$16,000
$17,000
2008 2010 2012 2014 2016 2018 2020 2022 2024
Billions
U.S. Real Personal Consumption Expenditure

4.4%

3.2%

1.6%

3.0%

2.0%

1.4%

1.8%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%

3.0%

3.5%

4.0%

4.5%

5.0%
Q3 '23 Q4 '23 Q1 '24 Q2 '24 Q3 '24 Q4 '24 2025
U.S. GDP Forecasts
Annualized Rate
Actual Range Median of Forecasts
Personal Consumption
is the main driver of
GDP and accounts for
69% of overall GDP
Pre-pandemic
trend
Consumer Activity Remains Solid

CITY OF STOCKTON
For the Quarter Ended September 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com|
7 ATTACHMENT A
25 Source: Federal Reserve Chair Jerome Powell Press Conference as of September 18, 2024; Bloomberg Finance L.P., as of September 30, 2024. © PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended September 30, 2024
Market Update
Fed Chair Powell: “…we’re recalibrating policy down over time to a more neutral level. And we’re moving at the pace that we think is appropriate given developments in the economy… The economy can develop in a way that would cause us to go faster or slower…”

4.76%

3.64%

3.5%

4.0%

4.5%

5.0%
30-Jun 31-Jul 31-Aug 30-Sep
2-Year U.S. Treasury Yield
June 30, 2024 – September 30, 2024
-112 bp
Dovish Fed Press Conference
Weak ISM Manufacturing
Weak Payrolls
Fedspeak prior to blackout period
calling for policy easing
Yields Reprice Lower In Anticipation of Fed Cuts

CITY OF STOCKTON
For the Quarter Ended September 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com|
8 ATTACHMENT A
26 Fed’s Updated Summary of Economic Projections
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
Source: Federal Reserve Chair Jerome Powell Press Conference; Federal Reserve. As of September 2024.

For the Quarter Ended September 30, 2024
Market Upd
ate

4.4%

3.4%

2.9% 2.9% 2.8%
0%
1%
2%
3%
4%
5%
6%
2 024 2025 2026 2027 Longer
Run
Federal Funds Rate
June Projections Sept Projections

2.3% 2.1% 2.0% 2.0% 2.0%
0%
1%
1%
2%
2%
3%
3%
4 %
4%
2024 2025 2026 2027 Longer
Run
PCE Inflation
June Projections Sept Projections

4.4% 4.4% 4.3% 4.2% 4.2%
0%
1%
2%
3%
4%
5%
6%
2024 2025 2026 2027 Longer
Run
Unemployment Rate
June Projections Sept Projections

2.0% 2.0% 2.0% 2.0% 1.8%
0%
1%
2%
3%
4%
202
4 2025 2026 2027 Longer
Run
Change in Real GDP
June Projections Sept Projections
Fed Chair Powell: “These median projections are lower than in June, consistent with projections for lower inflation and higher unemployment, as well as the change to balance of risks.”

CITY OF STOCKTON
For the Quarter Ended September 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com|
9 ATTACHMENT A
27 U.S. Treasury Yields Fall as the Yield Curve Begins to Disinvert PFM Asset Management LLC
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
Source: Bloomberg Finance L.P., as of September 30, 2024 For the Quarter Ended September 30, 2024
Market Upda
te

4.64%

3.60%

3.53%

3.63%

3.76%

4.10%

3.00%

3.50%

4.00%

4.50%

5.00%

5.50%

6.00% Yield
Maturity
U.S. Treasury Yield Curve
1 Year Range
September 30, 2024
June 30, 2024
3mo 2yr 5yr 7yr 10yr 20yr 30yr

CITY OF STOCKTON
For the Quarter Ended September 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com|
10 ATTACHMENT A
28 Fixed-Income Index Total Returns in 3Q 2024
1-5 Year Indices
PFM Asset Management LLC
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
Source: ICE BofA Indices. ABS indices are 0-5 year, based on weighted average life. As of September 30, 2024.

For the Quarter Ended September 30, 2024
Market Upd
ate

3.39%

2.77%

2.58%

3.70% 3.76%
0%
1%
2%
3%
4%
5%
U.S. Treasury
Agency
ABS
Corp A-AAA
Corp BBB
Third Quarter 2024 Returns

7.44%

7.04%

7.43%

9.33%

10.15%
0%
2%
4%
6%
8%
10%
12%
U.S. Treasury
Agency
ABS
Corp A-AAA
Corp BBB
1-Year Return

CITY OF STOCKTON
For the Quarter Ended September 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com|
11 ATTACHMENT A
29 © PFM Asset Management LLC pfmam.com|
Account Summary
12 ATTACHMENT A
30 © PFM Asset Management LLC | pfmam.com

1. Reserve Portfolio includes both the PFMAM Reserve portfolio assets and Chandler Asset Management assets. Short-Term Portfolio comprises assets managed by Chandler Asset Management.

Portfolio figures include cash in portfolios’ sweep accounts and excludes accrued interest.

17.0%

1.8% 0.3% 2.2%

7.2%

16.5%

8.2%

16.5% 15.9%

6.9% 7.5%

0.0%
$0
$100
$200
30 Days
and Under
31 to 60
days
61 to 90
days
91 to 180
days
181 to 1
year
1 to 2
years
2 to 3
years
3 to 4
years
4 to 5
years
5 to 7
years
7 to 10
years
Over 10
years
Millions
Maturity Distribution
Weighted Average Maturity: 1,046 days
For the Quarter Ended September 30, 2024
Account Summary
13 ATTACHMENT A
31 © PFM Asset Management LLC pfmam.com|
Portfolio Review:

CITY OF STOCKTON RESERVE PORTFOLIO
14 ATTACHMENT A
32 © PFM Asset Management LLC pfmam.com

CITY OF STOCKTON
For the Quarter Ended September 30, 2024
Compliance
|
Note: Pre- and post-trade compliance for the account(s) managed by PFM Asset Management is provided via Bloomberg Financial LP Asset and Investment Management ("AIM").

Certificate of Compliance
During the reporting period for the quarter ended September 30, 2024, the account(s) managed by PFM Asset Management ("PFMA
M") were in compliance with the applicable investment policy and guidelines as furnished to PFMAM.

Acknowledged :PFM Asset Management LLC
15 ATTACHMENT A
33 © PFM Asset Management LLC pfmam.com

CITY OF STOCKTON
For the Quarter Ended September 30, 2024
Portfolio Snapshot
|
Yield and duration calculations exclude cash and cash equivalents. Sector allocation includes market values and accrued interest.

The portfolio’s benchmark is currently 80% ICE BofA 1-5 Year AAA-A US Corporate & Government Index and 20% ICE BofA 5-10 Year US Treasury Index. Prior to 3/31/23 it was the ICE BofA 1-5 year US Gov/Corp A-AAA. Source: Bloomberg Financial LP.

An average of each security’s credit rating was assigned a numeric value and adjusted for its relative weighting in the portfolio.

1. Portfolio Snapshot - CITY OF STOCKTON RESERVE PORTFOLIO¹ Credit Quality - S&P
5%
24%
19%
27%
9%
6% 6% 4%4%
27%
19%
12%
6% 6% 5%
0%
5%
10%
15%
20%
25%
30%
0-1 Yr 1-2
Yrs
2-3
Yrs
3-4
Yrs
4-5
Yrs
5-6
Yrs
6-7
Yrs
> 7
Yrs
Portfolio Benchmark
Duration Distribution
U.S. Treasury | 53%
Agency CMBS | 19%
Corporate | 16%
ABS | 7%
Federal Agency | 3%
Negotiable CD | 1%
Municipal | 1%
Sector Allocation
AAA | 6%
AA+ | 77%
AA | 1%
AA- | 1%
A+ | 9%
A | 3%
A- | 2%
BBB+ | <1%
Not Rated | 2%
Portfolio Statistics
Portfolio Effective Duration
Benchmark Effective Duration
Portfolio Credit Quality
Yield At Market
Yield At Cost
Total Market Value
Securities Sub-Total
Cash
$464,936,762.55
$460,255,139.90
$2,270,018.61
$2,411,604.04

3.24 years

3.73%

3.83%
AA
Accrued Interest
21%
16 ATTACHMENT A
34 © PFM Asset Management LLC pfmam.com

CITY OF STOCKTON
For the Quarter Ended September 30, 2024
Portfolio Characteristics
|
$0.0
$94.0
$188.0
$282.0
$376.0
$470.0
Millions
September 2024
$0.0
$94.0
$188.0
$282.0
$376.0
$470.0
Millions
June 2024
$0.0
$94.0
$188.0
$282.0
$376.0
$470.0
Millions
March 2024
$0.0
$94.0
$188.0
$282.0
$376.0
$470.0
Millions
December 2023
Sector Allocation Review - CITY OF STOCKTON RESERVE PORTFOLIO U.S. Treasury Federal Agency Agency CMBS Supranational Municipal Negotiable CD Corporate ABS Market values, excluding accrued interest. Only includes fixed-income securities held within the separately managed account(s) and LGIPs managed by PFMAM. Detail may not add to total due to rounding.

Dec-23 % of TotalSecurity Type Mar-24 % of Total Jun-24 % of Total % of TotalSep-24 U.S. Treasury $217.7 50.5% $215.3 49.8% $224.0 50.4% $244.8 53.2% Federal Agency $33.4 7.8% $32.7 7.6% $26.3 5.9% $14.3 3.1% Agency CMBS $57.0 13.2% $76.5 17.8% $82.8 18.6% $88.8 19.3% Supranational $4.1 0.9% $0.0 0.0% $0.0 0.0% $0.0 0.0%
Municipal $5.9 1.4% $6.0 1.4% $3.8 0.8% $3.8 0.8%
Negotiable CD $6.9 1.6% $4.2 1.0% $4.2 0.9% $4.3 0.9%
Corporate $75.9 17.6% $62.8 14.6% $71.2 16.0% $72.0 15.7% ABS $30.0 7.0% $33.6 7.8% $32.9 7.4% $32.3 7.0%
Total $431.0 100.0% $431.1 100.0% $445.2 100.0% $460.3 100.0% 17 ATTACHMENT A
35 © PFM Asset Management LLC pfmam.com

CITY OF STOCKTON
For the Quarter Ended September 30, 2024
Portfolio Activity
|
Portfolio Activity - CITY OF STOCKTON RESERVE PORTFOLIO Net Activity by Sector
($ mill
ions)
Federal Agency
ABS
Corporate
Municipal
Agency CMBS
U.S. Treasury
Federal Agency
ABS
Corpo
rate
Municipal
Agency CMBS
U.S. Treasury
($20.0) ($10.0) $0.0 $10.0 $20.0 $30.0
Based on total proceeds (principal and accrued interest) of buys, sells, maturities, and principal paydowns. Detail may not add to total due to rounding.

Sector Net Activity
U.S. Treasury $13,060,400
Agency CMBS $3,498,352
Municipal ($7,519)
Corporate ($1,126,998)
ABS ($1,195,270)
Federal Agency ($12,472,741)
$1,756,224Total Net Activity
Sales/Maturities Purchases
18 ATTACHMENT A
36 © PFM Asset Management LLC pfmam.com

CITY OF STOCKTON
For the Quarter Ended September 30, 2024
Portfolio Performance
|
The lesser of 10 years or since inception is shown. Since inception returns for periods one year or less are not shown. Performance inception date is June 30, 2017.1.

2. Interest earned calculated as the ending accrued interest less beginning accrued interest, plus net interest activity.

3. Returns for periods one year or less are presented on a periodic basis. Returns for periods greater than one year are presented on an annualized basis.

4. The portfolio’s benchmark is currently 80% ICE BofA 1-5 Year AAA-A US Corporate & Government Index and 20% ICE BofA 5-10 Year US Treasury Index. Prior to 3/31/23 it was the ICE BofA 1-5 year US Gov/Corp A-AAA. Source: Bloomberg Financial LP.

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%
Return
Portfolio Benchmark
Portfolio Performance - CITY OF STOCKTON RESERVE PORTFOLIO Market Value Basis Earnings 3 Months 1 Year 3 Years 5 Years Since Inception¹ Interest Earned² $3,551,4 05 $12,731,286 $25,752,968 $44,727,216 $62,918,259 Change in Market Value $13,281,682 $23,344,082 ($17,721,008) ($13,374,519) ($6,019,179) $16,833,087Total Dollar Return $36,075,368 $8,031,960 $31,352,697 $56,899,080 Total Return³
Portfolio 3.76% 8.50% 1.10% 1.60% 1.91%
Benchmark⁴ 3.82% 8.33% 0.77% 1.36% 1.72%
3 Months 1 Year 3 Years 5 Years Since Inception
19 ATTACHMENT A
37 © PFM Asset Management LLC pfmam.com

CITY OF STOCKTON
For the Quarter Ended September 30, 2024
Portfolio Performance
|
The lesser of 10 years or since inception is shown. Performance inception date is June 30, 2017.1.

Interest earned calculated as the ending accrued interest less beginning accrued interest, plus net interest activity.2.

Realized gains / (losses) are shown on an amortized cost basis.3.

Accrual Basis Earnings - CITY OF STOCKTON RESERVE PORTFOLIO Accrual Basis Earnings
Interest Earned²
Realized
Gains / (Losses)³
Change in Amortized Cost
Total Earnings
3 Months
$3,551,404
($813,41
4)
$601,525
$3,339,516
1 Year
$12,731,285
($2,486,
792)
$2,296,671
$12,541,164
3 Years
$25,752,968
($18,400
,915)
$16,802,370
$24,154,422
5 Year
$44,727,216
($10,692
,906)
$15,551,689
$49,585,999
Since Inception¹
$62,918,259
($13,148
,532)
$17,658,299
$67,428,026
20 ATTACHMENT A
38 Factors to Consider for 6-12 Months
© PFM Asset Management LLC | pfmam.com
For the Quarter Ended March 31, 2022
California Affiliated Risk Management Authorities Market Update

CLIENT NAME
For the Quarter Ended September 30, 2024
Market Update
Current outlook Outlook one quarter ago
Negative Slightly
Negative
Neutral Slightly
Positive
Positive
Statements and opinions expressed about the next 6-12 months were developed based on our independent research with information obtained from Bloomberg and FactSet. The views expressed within this material constitute the perspective and judgment of PFM Asset Management LLC at the time of distribution (9/30/2024) and are subject to change. Information is obtained from sources believed to be reliable and available to the public; however, PFM Asset Management LLC cannot guarantee its accuracy, completeness, or suitability.

Monetary Policy (Global):
• The Fed has begun its easing cycle with a 50 basis
point (bp) cut. The FOMC’s September median “dot
plot” projection suggests an additional 50 bps in rate
cuts by the end of the year “if the economy performs
as expected”. The projections also calls for an
additional full percentage point of cuts in 2025.
• The global easing cycle is underway with nearly all
major central banks (excluding the Bank of Japan)
completing multiple rate cuts.

Economic Growth (Global):
• U.S. economic growth remains strong reflecting a
consumer who continues to spend at elevated
levels.
• Economic growth outside the U.S. remains mixed.
• China has moved forward with a package of
stimulus measures aimed to boost growth. The
country remains poised to take additional swift
action should it be deemed necessary.

Inflation (U.S.):
• Inflation continues its trend lower but has been
buoyed by stubborn housing costs.
• The broad-based inflation cooling helped fuel the
Fed’s decision to cut by 50 bps but policy makers
note they are not declaring victory on price stability.

Financial Conditions (U.S.):
• The continuation of stable market measures, such
as narrow corporate yield spreads, record equity
index levels and low volatility, reflect economic
confidence.
• We remain focused on the cooling labor market and
effects this might have on the consumer as potential
catalysts for a broader slow down, but that is not our
base case expectation.

Consumer Spending (U.S.):
• The consumer continues to spend and support
economic strength. Upward revisions to the
personal savings rate paint the consumer in better
light than previously thought but the trend of
consumers dipping into savings continues.
• Moderation in the pace of overall spending is
expected given slowing wage growth and cooling
labor market conditions.

Labor Markets:
• The labor market continues to moderate from
extremely strong levels seen in prior quarters. The
recent downward revisions to nonfarm payrolls
through March 2024 further emphasized the
cooling.
• Other labor metrics remain well positioned such as
the layoffs and discharge rate pointing towards
moderation rather than deterioration.

CITY OF STOCKTON
For the Quarter Ended September 30, 2024
Market Update
© PFM Asset Management LLC pfmam.com|
21 ATTACHMENT A
39 © PFM Asset Management LLC pfmam.com|
Reserve Portfolio Holdings and Transactions
22 ATTACHMENT A
40 © PFM Asset Management LLC pfmam.com

CITY OF STOCKTON
For the Quarter Ended September 30, 2024
Portfolio Holdings
|
Managed Account Detail of Securities Held
Security Type/Description
Dated
Date/Coupon/Maturity CUSIP Par
S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
U.S. Treasury

US TREASURY N/B
DTD 11/30/2017 2.125% 11/30/2024
9128283J7 7,500.00 AA+ Aaa 1/3/2020 1/7/2020 7,673.73 1.63 53.56 7,467.487,505.83

US TREASURY N/B
DTD 03/02/2020 1.125% 02/28/2025
912828ZC7 12,500.00 AA+ Aaa 10/4/2021 10/6/2021 12,719.24 0.60 12.04 12,331.0512,526.50

US TREASURY N/B
DTD 04/30/2020 0.375% 04/30/2025
912828ZL7 112,500.00 AA+ Aaa 4/5/2021 4/7/2021 111,032.23 0.70 176.55 109,974.94112,291.31

US TREASURY N/B
DTD 06/30/2020 0.250% 06/30/2025
912828ZW3 22,500.00 AA+ Aaa 10/4/2021 10/6/2021 22,128.22 0.70 14.22 21,861.5622,425.81

US TREASURY N/B
DTD 08/31/2020 0.250% 08/31/2025
91282CAJ0 6,095,000.00 AA+ Aaa 8/19/2021 8/20/2021 6,004,527.34 0.62 1,304.87 5,889,342.516,074,471.56

US TREASURY N/B
DTD 08/31/2020 0.250% 08/31/2025
91282CAJ0 2,725,000.00 AA+ Aaa 8/17/2021 8/20/2021 2,683,486.33 0.63 583.39 2,633,053.052,715,580.46

US TREASURY N/B
DTD 11/02/2020 0.250% 10/31/2025
91282CAT8 3,500,000.00 AA+ Aaa 10/4/2021 10/6/2021 3,425,898.44 0.78 3,661.68 3,364,648.003,480,302.75

US TREASURY N/B
DTD 11/30/2020 0.375% 11/30/2025
91282CAZ4 6,772,500.00 AA+ Aaa 11/1/2021 11/2/2021 6,589,430.86 1.05 8,535.02 6,503,983.926,720,247.22

US TREASURY N/B
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 700,000.00 AA+ Aaa 1/11/2021 1/13/2021 695,980.47 0.49 663.38 670,632.90698,989.02

US TREASURY N/B
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 5,700,000.00 AA+ Aaa 5/6/2021 5/10/2021 5,606,707.03 0.73 5,401.83 5,460,867.905,674,916.51

US TREASURY N/B
DTD 02/01/2021 0.375% 01/31/2026
91282CBH3 8,475,000.00 AA+ Aaa 1/4/2022 1/6/2022 8,174,402.34 1.27 5,354.45 8,099,913.458,376,486.50

US TREASURY N/B
DTD 02/01/2021 0.375% 01/31/2026
91282CBH3 1,195,000.00 AA+ Aaa 7/2/2021 7/7/2021 1,172,033.59 0.80 754.99 1,142,111.691,188,298.60

US TREASURY N/B
DTD 01/31/2019 2.625% 01/31/2026
9128286A3 1,707,500.00 AA+ Aaa 2/4/2021 2/4/2021 1,890,055.76 0.46 7,551.51 1,681,621.131,756,295.09

US TREASURY N/B
DTD 02/01/2021 0.375% 01/31/2026
91282CBH3 7,635,000.00 AA+ Aaa 2/18/2022 2/22/2022 7,215,969.73 1.83 4,823.74 7,297,090.177,493,187.81

US TREASURY N/B
DTD 03/01/2021 0.500% 02/28/2026
91282CBQ3 1,980,000.00 AA+ Aaa 12/3/2021 12/7/2021 1,926,632.81 1.15 847.79 1,891,131.661,962,199.42 23 ATTACHMENT A
41 © PFM Asset Management LLC pfmam.com

US TREASURY N/B
DTD 03/01/2021 0.500% 02/28/2026
91282CBQ3 10,690,000.00 AA+ Aaa 2/2/2022 2/3/2022 10,249,872.66 1.55 4,577.21 10,210,200.7310,537,465.96

US TREASURY N/B
DTD 06/01/2021 0.750% 05/31/2026
91282CCF6 4,360,000.00 AA+ Aaa 6/6/2022 6/8/2022 3,995,871.88 2.99 10,989.34 4,152,559.924,207,883.16

US TREASURY N/B
DTD 06/01/2021 0.750% 05/31/2026
91282CCF6 805,000.00 AA+ Aaa 6/7/2021 6/7/2021 803,176.17 0.80 2,029.00 766,699.71804,391.39

US TREASURY N/B
DTD 06/01/2021 0.750% 05/31/2026
91282CCF6 3,155,000.00 AA+ Aaa 10/4/2021 10/6/2021 3,133,186.13 0.90 7,952.15 3,004,891.413,147,201.99

US TREASURY N/B
DTD 09/30/2021 0.875% 09/30/2026
91282CCZ2 3,700,000.00 AA+ Aaa 4/5/2022 4/7/2022 3,406,746.09 2.77 88.94 3,504,159.003,569,406.17

US TREASURY N/B
DTD 11/15/2016 2.000% 11/15/2026
912828U24 2,540,000.00 AA+ Aaa 8/8/2022 8/9/2022 2,437,606.25 3.01 19,188.04 2,455,169.082,489,098.68

US TREASURY N/B
DTD 02/15/2017 2.250% 02/15/2027
912828V98 1,390,000.00 AA+ Aaa 5/12/2023 5/12/2023 1,328,047.27 3.52 3,994.36 1,346,833.551,350,935.99

US TREASURY N/B
DTD 02/15/2017 2.250% 02/15/2027
912828V98 855,000.00 AA+ Aaa 8/8/2022 8/9/2022 828,515.04 2.99 2,456.96 828,447.97841,091.79

US TREASURY N/B
DTD 03/31/2022 2.500% 03/31/2027
91282CEF4 5,350,000.00 AA+ Aaa 5/9/2023 5/10/2023 5,138,925.78 3.60 367.45 5,211,237.055,214,680.78

US TREASURY N/B
DTD 04/30/2020 0.500% 04/30/2027
912828ZN3 4,840,000.00 AA+ Aaa 8/2/2022 8/3/2022 4,331,989.06 2.88 10,127.17 4,473,597.484,563,836.92

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2027
91282CEW7 4,300,000.00 AA+ Aaa 3/30/2023 3/31/2023 4,214,000.00 3.76 35,317.26 4,262,542.704,244,476.80

US TREASURY N/B
DTD 06/30/2020 0.500% 06/30/2027
912828ZV5 4,215,000.00 AA+ Aaa 8/25/2022 8/26/2022 3,705,577.73 3.21 5,326.02 3,876,649.313,926,452.17

US TREASURY N/B
DTD 08/01/2022 2.750% 07/31/2027
91282CFB2 5,000,000.00 AA+ Aaa 5/12/2023 5/12/2023 4,857,226.56 3.48 23,165.76 4,887,110.004,904,292.69

US TREASURY N/B
DTD 08/15/2017 2.250% 08/15/2027
9128282R0 2,730,000.00 AA+ Aaa 9/1/2022 9/6/2022 2,588,274.61 3.40 7,845.04 2,630,718.092,647,667.29

US TREASURY N/B
DTD 08/31/2022 3.125% 08/31/2027
91282CFH9 5,030,000.00 AA+ Aaa 3/24/2023 3/24/2023 4,971,644.14 3.41 13,460.81 4,965,751.814,991,696.09

US TREASURY N/B
DTD 09/30/2020 0.375% 09/30/2027
91282CAL5 2,400,000.00 AA+ Aaa 10/28/2022 10/31/2022 1,998,843.75 4.17 24.73 2,182,968.002,155,507.00

US TREASURY N/B
DTD 10/31/2022 4.125% 10/31/2027
91282CFU0 4,250,000.00 AA+ Aaa 3/30/2023 3/31/2023 4,320,224.61 3.73 73,364.47 4,315,909.004,297,165.78 24 ATTACHMENT A
42 © PFM Asset Management LLC pfmam.com

US TREASURY N/B
DTD 10/31/2022 4.125% 10/31/2027
91282CFU0 1,790,000.00 AA+ Aaa 12/1/2022 12/2/2022 1,820,346.09 3.74 30,899.39 1,817,759.321,809,029.74

US TREASURY N/B
DTD 11/02/2020 0.500% 10/31/2027
91282CAU5 5,340,000.00 AA+ Aaa 1/4/2023 1/6/2023 4,547,552.34 3.91 11,173.37 4,862,112.724,833,175.88

US TREASURY N/B
DTD 01/03/2023 3.875% 12/31/2027
91282CGC9 2,945,000.00 AA+ Aaa 2/1/2023 2/2/2023 2,981,582.42 3.60 28,839.79 2,972,035.102,969,197.85

US TREASURY N/B
DTD 02/01/2021 0.750% 01/31/2028
91282CBJ9 4,500,000.00 AA+ Aaa 5/12/2023 5/12/2023 3,976,347.66 3.44 5,686.14 4,101,502.504,130,559.48

US TREASURY N/B
DTD 02/01/2021 0.750% 01/31/2028
91282CBJ9 540,000.00 AA+ Aaa 3/14/2022 3/15/2022 498,382.03 2.15 682.34 492,180.30516,420.36

US TREASURY N/B
DTD 02/28/2023 4.000% 02/29/2028
91282CGP0 4,825,000.00 AA+ Aaa 3/24/2023 3/24/2023 4,967,299.80 3.35 16,527.62 4,888,704.484,923,339.18

US TREASURY N/B
DTD 03/31/2023 3.625% 03/31/2028
91282CGT2 4,260,000.00 AA+ Aaa 3/30/2023 3/31/2023 4,253,510.16 3.66 424.24 4,266,658.384,255,463.86

US TREASURY N/B
DTD 03/31/2021 1.250% 03/31/2028
91282CBS9 5,735,000.00 AA+ Aaa 5/9/2023 5/10/2023 5,152,315.04 3.53 196.94 5,297,482.595,318,610.13

US TREASURY N/B
DTD 03/31/2021 1.250% 03/31/2028
91282CBS9 1,985,000.00 AA+ Aaa 5/8/2023 5/10/2023 1,786,655.08 3.49 68.17 1,833,566.341,843,261.63

US TREASURY N/B
DTD 05/01/2023 3.500% 04/30/2028
91282CHA2 2,050,000.00 AA+ Aaa 5/1/2023 5/1/2023 2,040,230.47 3.61 30,025.82 2,043,993.502,043,007.24

US TREASURY N/B
DTD 05/15/2018 2.875% 05/15/2028
9128284N7 705,000.00 AA+ Aaa 11/30/2022 11/30/2022 666,280.08 4.00 7,655.86 687,788.13679,316.24

US TREASURY N/B
DTD 09/30/2021 1.250% 09/30/2028
91282CCY5 525,000.00 AA+ Aaa 3/14/2022 3/15/2022 495,591.79 2.17 18.03 479,493.00507,042.67

US TREASURY N/B
DTD 11/16/1998 5.250% 11/15/2028
912810FF0 1,000,000.00 AA+ Aaa 11/30/2022 11/30/2022 1,064,765.63 4.02 19,830.16 1,064,453.001,044,803.42

US TREASURY N/B
DTD 02/15/2019 2.625% 02/15/2029
9128286B1 500,000.00 AA+ Aaa 3/21/2022 3/22/2022 509,433.59 2.33 1,676.29 480,488.50505,977.35

US TREASURY N/B
DTD 02/16/1999 5.250% 02/15/2029
912810FG8 1,875,000.00 AA+ Aaa 1/10/2023 1/11/2023 2,027,856.45 3.74 12,572.18 2,008,740.001,984,683.25

US TREASURY N/B
DTD 02/15/2019 2.625% 02/15/2029
9128286B1 2,165,000.00 AA+ Aaa 2/27/2023 2/28/2023 1,991,630.86 4.15 7,258.34 2,080,515.212,037,857.33

US TREASURY N/B
DTD 05/31/2022 2.750% 05/31/2029
91282CES6 490,000.00 AA+ Aaa 1/11/2023 1/12/2023 464,523.83 3.67 4,528.48 472,180.17471,387.42 25 ATTACHMENT A
43 © PFM Asset Management LLC pfmam.com

US TREASURY N/B
DTD 05/31/2024 4.500% 05/31/2029
91282CKT7 960,000.00 AA+ Aaa 6/6/2024 6/7/2024 968,700.00 4.30 14,518.03 997,762.56968,199.92

US TREASURY N/B
DTD 06/30/2022 3.250% 06/30/2029
91282CEV9 490,000.00 AA+ Aaa 7/7/2023 7/10/2023 464,026.17 4.26 4,024.52 482,611.78469,370.92

US TREASURY N/B
DTD 07/31/2024 4.000% 07/31/2029
91282CLC3 6,075,000.00 AA+ Aaa 8/1/2024 8/2/2024 6,117,240.23 3.85 40,940.22 6,186,530.936,115,991.85

US TREASURY N/B
DTD 08/16/1999 6.125% 08/15/2029
912810FJ2 1,775,000.00 AA+ Aaa 1/10/2023 1/11/2023 2,023,083.98 3.72 13,885.28 1,975,866.101,958,281.31

US TREASURY N/B
DTD 08/15/2019 1.625% 08/15/2029
912828YB0 520,000.00 AA+ Aaa 3/21/2022 3/22/2022 496,518.75 2.29 1,079.21 475,333.04504,545.64

US TREASURY N/B
DTD 08/31/2022 3.125% 08/31/2029
91282CFJ5 2,120,000.00 AA+ Aaa 2/27/2023 2/28/2023 2,000,998.44 4.12 5,673.34 2,074,536.602,030,097.73

US TREASURY N/B
DTD 11/30/2022 3.875% 11/30/2029
91282CFY2 1,070,000.00 AA+ Aaa 11/30/2022 11/30/2022 1,069,289.45 3.89 13,934.12 1,083,249.811,069,475.91

US TREASURY N/B
DTD 01/03/2023 3.875% 12/31/2029
91282CGB1 2,030,000.00 AA+ Aaa 1/10/2023 1/11/2023 2,059,339.84 3.64 19,879.38 2,055,058.322,052,091.31

US TREASURY N/B
DTD 02/18/2020 1.500% 02/15/2030
912828Z94 542,500.00 AA+ Aaa 4/6/2022 4/11/2022 498,040.43 2.66 1,039.30 486,787.96512,059.07

US TREASURY N/B
DTD 02/28/2023 4.000% 02/28/2030
91282CGQ8 2,010,000.00 AA+ Aaa 2/27/2023 2/28/2023 2,000,892.19 4.08 6,885.08 2,047,060.382,002,961.66

US TREASURY N/B
DTD 05/01/2023 3.500% 04/30/2030
91282CGZ8 3,880,000.00 AA+ Aaa 4/25/2024 4/26/2024 3,632,498.44 4.73 56,829.35 3,855,750.003,647,994.04

US TREASURY N/B
DTD 02/15/2000 6.250% 05/15/2030
912810FM5 2,160,000.00 AA+ Aaa 1/11/2023 1/12/2023 2,519,859.38 3.64 50,991.85 2,447,802.722,435,534.12

US TREASURY N/B
DTD 02/15/2000 6.250% 05/15/2030
912810FM5 925,000.00 AA+ Aaa 11/30/2022 11/30/2022 1,065,123.05 3.89 21,836.79 1,048,248.851,030,594.01

US TREASURY N/B
DTD 05/15/2020 0.625% 05/15/2030
912828ZQ6 2,535,000.00 AA+ Aaa 1/10/2023 1/11/2023 2,057,608.01 3.56 5,984.46 2,150,889.202,169,610.83

US TREASURY N/B
DTD 05/31/2023 3.750% 05/31/2030
91282CHF1 2,830,000.00 AA+ Aaa 7/12/2023 7/12/2023 2,783,459.77 4.03 35,664.96 2,846,580.972,791,731.53

US TREASURY N/B
DTD 08/17/2020 0.625% 08/15/2030
91282CAE1 2,540,000.00 AA+ Aaa 2/27/2023 2/28/2023 1,995,586.72 3.97 2,027.51 2,138,956.862,111,661.62

US TREASURY N/B
DTD 08/17/2020 0.625% 08/15/2030
91282CAE1 587,500.00 AA+ Aaa 4/6/2022 4/11/2022 498,755.37 2.65 468.96 494,739.04525,075.96 26 ATTACHMENT A
44 © PFM Asset Management LLC pfmam.com

US TREASURY N/B
DTD 08/17/2020 0.625% 08/15/2030
91282CAE1 2,545,000.00 AA+ Aaa 1/10/2023 1/11/2023 2,052,204.49 3.56 2,031.50 2,143,167.412,163,985.37

US TREASURY N/B
DTD 11/16/2020 0.875% 11/15/2030
91282CAV3 3,000,000.00 AA+ Aaa 7/11/2023 7/12/2023 2,405,390.63 4.02 9,915.08 2,551,173.002,504,455.25

US TREASURY N/B
DTD 11/16/2020 0.875% 11/15/2030
91282CAV3 1,330,000.00 AA+ Aaa 11/30/2022 11/30/2022 1,071,065.63 3.72 4,395.69 1,131,020.031,130,833.42

US TREASURY N/B
DTD 02/15/2001 5.375% 02/15/2031
912810FP8 1,820,000.00 AA+ Aaa 2/27/2023 2/28/2023 1,991,620.31 3.98 12,493.95 2,003,563.381,957,343.44

US TREASURY N/B
DTD 02/16/2021 1.125% 02/15/2031
91282CBL4 565,000.00 AA+ Aaa 4/6/2022 4/11/2022 498,104.88 2.63 811.80 485,436.70516,815.64

US TREASURY N/B
DTD 02/15/2001 5.375% 02/15/2031
912810FP8 1,800,000.00 AA+ Aaa 1/10/2023 1/11/2023 2,021,273.44 3.61 12,356.66 1,981,546.201,974,205.13

US TREASURY N/B
DTD 02/15/2001 5.375% 02/15/2031
912810FP8 2,955,000.00 AA+ Aaa 7/7/2023 7/10/2023 3,201,326.95 4.09 20,285.51 3,253,038.353,161,499.51

US TREASURY N/B
DTD 04/01/2024 4.125% 03/31/2031
91282CKF7 3,820,000.00 AA+ Aaa 4/25/2024 4/26/2024 3,686,150.78 4.72 432.90 3,920,870.923,693,276.34

US TREASURY N/B
DTD 05/17/2021 1.625% 05/15/2031
91282CCB5 2,930,000.00 AA+ Aaa 1/11/2023 1/12/2023 2,530,673.05 3.53 17,984.07 2,580,574.062,613,030.13

US TREASURY N/B
DTD 05/17/2021 1.625% 05/15/2031
91282CCB5 1,265,000.00 AA+ Aaa 11/30/2022 11/30/2022 1,070,802.73 3.76 7,764.45 1,114,138.631,113,000.39

US TREASURY N/B
DTD 07/31/2024 4.125% 07/31/2031
91282CLD1 730,000.00 AA+ Aaa 8/14/2024 8/15/2024 748,164.45 3.72 5,073.30 749,847.24747,870.44

US TREASURY N/B
DTD 08/16/2021 1.250% 08/15/2031
91282CCS8 2,465,000.00 AA+ Aaa 2/27/2023 2/28/2023 1,994,627.93 3.92 3,935.29 2,103,049.262,083,070.06

US TREASURY N/B
DTD 08/16/2021 1.250% 08/15/2031
91282CCS8 562,500.00 AA+ Aaa 4/6/2022 4/11/2022 498,515.62 2.63 898.01 479,904.75515,463.14

US TREASURY N/B
DTD 11/15/2021 1.375% 11/15/2031
91282CDJ7 1,305,000.00 AA+ Aaa 11/30/2022 11/30/2022 1,068,927.54 3.77 6,777.67 1,116,641.521,117,339.71

US TREASURY N/B
DTD 11/15/2021 1.375% 11/15/2031
91282CDJ7 2,080,000.00 AA+ Aaa 1/10/2023 1/11/2023 1,739,075.00 3.55 10,802.72 1,779,781.121,805,465.66

US TREASURY N/B
DTD 02/15/2022 1.875% 02/15/2032
91282CDY4 2,365,000.00 AA+ Aaa 2/27/2023 2/28/2023 1,999,625.98 3.94 5,663.47 2,086,743.562,064,464.80

US TREASURY N/B
DTD 05/16/2022 2.875% 05/15/2032
91282CEP2 660,000.00 AA+ Aaa 8/5/2022 8/9/2022 662,629.69 2.83 7,167.19 623,338.98662,051.70 27 ATTACHMENT A
45 © PFM Asset Management LLC pfmam.com

US TREASURY N/B
DTD 05/16/2022 2.875% 05/15/2032
91282CEP2 2,175,000.00 AA+ Aaa 1/10/2023 1/11/2023 2,056,224.61 3.57 23,619.14 2,054,185.282,078,120.78

US TREASURY N/B
DTD 05/16/2022 2.875% 05/15/2032
91282CEP2 2,670,000.00 AA+ Aaa 1/11/2023 1/12/2023 2,525,548.83 3.56 28,994.53 2,521,689.512,552,143.77

US TREASURY N/B
DTD 05/16/2022 2.875% 05/15/2032
91282CEP2 1,150,000.00 AA+ Aaa 11/30/2022 11/30/2022 1,067,164.06 3.79 12,488.28 1,086,120.951,083,256.39

US TREASURY N/B
DTD 05/16/2022 2.875% 05/15/2032
91282CEP2 1,100,000.00 AA+ Aaa 7/2/2024 7/3/2024 988,410.16 4.41 11,945.31 1,038,898.30991,336.84

US TREASURY N/B
DTD 08/15/2022 2.750% 08/15/2032
91282CFF3 2,195,000.00 AA+ Aaa 2/27/2023 2/28/2023 1,991,190.82 3.93 7,709.34 2,048,896.412,025,453.88

US TREASURY N/B
DTD 11/15/2022 4.125% 11/15/2032
91282CFV8 3,225,000.00 AA+ Aaa 7/7/2023 7/10/2023 3,242,006.84 4.06 50,248.22 3,314,316.373,239,771.46

US TREASURY N/B
DTD 11/15/2022 4.125% 11/15/2032
91282CFV8 1,055,000.00 AA+ Aaa 11/30/2022 11/30/2022 1,084,877.93 3.78 16,437.79 1,084,218.221,079,367.18

US TREASURY N/B
DTD 11/15/2022 4.125% 11/15/2032
91282CFV8 1,965,000.00 AA+ Aaa 1/10/2023 1/11/2023 2,054,269.34 3.57 30,616.36 2,019,420.672,038,654.65

US TREASURY N/B
DTD 02/15/2023 3.500% 02/15/2033
91282CGM7 2,065,000.00 AA+ Aaa 2/27/2023 2/28/2023 1,993,450.98 3.92 9,230.77 2,027,169.202,004,871.30

US TREASURY N/B
DTD 05/15/2023 3.375% 05/15/2033
91282CHC8 1,075,000.00 AA+ Aaa 7/2/2024 7/3/2024 992,191.41 4.43 13,704.06 1,044,219.53994,072.35

US TREASURY N/B
DTD 08/15/2023 3.875% 08/15/2033
91282CHT1 2,385,000.00 AA+ Aaa 10/2/2023 10/2/2023 2,236,496.48 4.67 11,803.48 2,401,861.952,251,532.20

US TREASURY N/B
DTD 02/15/2024 4.000% 02/15/2034
91282CJZ5 3,880,000.00 AA+ Aaa 4/25/2024 4/26/2024 3,667,357.81 4.70 19,821.74 3,942,444.723,674,848.18

US TREASURY N/B
DTD 05/15/2024 4.375% 05/15/2034
91282CKQ3 1,000,000.00 AA+ Aaa 7/2/2024 7/3/2024 995,156.25 4.44 16,525.14 1,046,094.00995,256.99

US TREASURY N/B
DTD 08/15/2024 3.875% 08/15/2034
91282CLF6 8,450,000.00 AA+ Aaa 9/4/2024 9/5/2024 8,514,365.23 3.78 41,819.46 8,500,176.108,514,031.66 253,117,500.00 241,992,619.24 1,157,492.13 244,792,440.90Security Type Sub-Total 3.09 245,804,273.26 28 ATTACHMENT A
46 © PFM Asset Management LLC pfmam.com

COOPERAT RABOBANK UA/NY
DTD 07/20/2023 5.080% 07/17/2026
21684LGS5 4,200,000.00 A+ Aa2 7/17/2023 7/20/2023 4,200,000.00 5.08 43,857.33 4,311,770.404,200,000.00 4,200,000.00 4,200,000.00 43,857.33 4,311,770.40Security Type Sub-Total 5.08 4,200,000.00 Municipal

CA ST UNIV-E
DTD 09/17/2020 0.685% 11/01/2024
13077DNC2 625,000.00 AA- Aa2 8/27/2020 9/17/2020 625,000.00 0.68 1,783.85 622,786.25625,000.00

CALIFORNIA ST DEPT OF
DTD 08/06/2020 0.560% 12/01/2024
13067WRB0 77,500.00 AAA Aa1 7/30/2020 8/6/2020 77,500.00 0.56 144.67 76,957.0477,500.00

UNIV OF CALIFORNIA-BG
(CALLABLE)
DTD 07/16/2020 0.883% 05/15/2025
91412HGE7 300,000.00 AA Aa2 7/10/2020 7/16/2020 300,000.00 0.88 1,000.73 293,700.90300,000.00

UNIV OF CALIFORNIA-BG
(CALLABLE)
DTD 07/16/2020 0.883% 05/15/2025
91412HGE7 460,000.00 AA Aa2 7/14/2020 7/16/2020 461,665.20 0.81 1,534.46 450,341.38460,214.49

FLORIDA ST BRD OF ADM
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 1,050,000.00 AA Aa3 9/3/2020 9/16/2020 1,057,423.50 1.11 3,302.25 1,024,927.051,051,161.94

FLORIDA ST BRD OF ADM
DTD 09/16/2020 1.258% 07/01/2025
341271AD6 825,000.00 AA Aa3 9/3/2020 9/16/2020 825,000.00 1.26 2,594.63 805,299.83825,000.00

NJ TPK AUTH -B-TXBL
DTD 02/04/2021 1.047% 01/01/2026
646140DP5 557,500.00 AA- A1 1/22/2021 2/4/2021 557,500.00 1.05 1,459.26 537,126.16557,500.00 3,895,000.00 3,904,088.70 11,819.85 3,811,138.61Security Type Sub-Total 1.00 3,896,376.43 Federal Agency

FANNIE MAE
DTD 06/19/2020 0.500% 06/17/2025
3135G04Z3 12,500.00 AA+ Aaa 10/2/2020 10/5/2020 12,553.38 0.41 18.06 12,179.5412,508.08

FREDDIE MAC
DTD 09/25/2020 0.375% 09/23/2025
3137EAEX3 3,545,000.00 AA+ Aaa 9/23/2020 9/25/2020 3,534,329.55 0.44 295.42 3,422,385.543,542,911.01

FEDERAL FARM CREDIT BANK
(CALLABLE)
DTD 09/29/2020 0.530% 09/29/2025
3133EMBH4 2,265,000.00 AA+ Aaa 10/7/2020 10/9/2020 2,261,036.25 0.57 66.69 2,188,153.082,264,207.25 29 ATTACHMENT A
47 © PFM Asset Management LLC pfmam.com

FANNIE MAE
DTD 11/12/2020 0.500% 11/07/2025
3135G06G3 1,955,000.00 AA+ Aaa 11/19/2020 11/24/2020 1,954,257.10 0.51 3,910.00 1,881,282.821,954,835.00

FANNIE MAE
DTD 11/12/2020 0.500% 11/07/2025
3135G06G3 6,190,000.00 AA+ Aaa 12/3/2020 12/4/2020 6,188,885.80 0.50 12,380.00 5,956,593.676,189,751.14

FEDERAL HOME LOAN BANK
DTD 08/25/2022 3.375% 09/10/2032
3130AT4C8 875,000.00 AA+ Aaa 11/1/2022 11/3/2022 779,616.25 4.77 1,722.66 837,493.13798,117.52 14,842,500.00 14,730,678.33 18,392.83 14,298,087.78Security Type Sub-Total 0.75 14,762,330.00 Corporate

JOHN DEERE CAPITAL CORP
DTD 01/10/2022 1.250% 01/10/2025
24422EVY2 212,500.00 A A1 3/8/2022 3/10/2022 207,142.87 2.17 597.66 210,416.65211,980.04

TOYOTA MOTOR CREDIT CORP
DTD 02/13/2020 1.800% 02/13/2025
89236TGT6 7,500.00 A+ A1 5/21/2020 5/26/2020 7,602.00 1.50 18.00 7,419.807,507.93 AMAZON.COM INC
DTD 04/13/2022 3.000% 04/13/2025
023135CE4 7,500.00 AA A1 4/11/2022 4/13/2022 7,488.07 3.06 105.00 7,439.407,497.88

GOLDMAN SACHS GROUP INC
(CALLABLE)
DTD 05/22/2015 3.750% 05/22/2025
38148LAE6 837,500.00 BBB+ A2 2/12/2021 2/17/2021 935,638.25 0.94 11,253.91 832,248.88847,076.12

STATE STREET CORP (CALLABLE)
DTD 02/07/2022 1.746% 02/06/2026
857477BR3 437,500.00 A A1 2/2/2022 2/7/2022 437,500.00 1.75 1,167.03 432,348.00437,500.00

STATE STREET CORP (CALLABLE)
DTD 10/29/2020 2.901% 03/30/2026
857477BM4 3,750,000.00 A A1 8/8/2022 8/10/2022 3,639,037.50 3.78 302.19 3,710,805.003,704,344.43

BANK OF AMERICA CORP
(CALLABLE)
DTD 03/22/2022 3.384% 04/02/2026
06051GKM0 1,875,000.00 A- A1 3/17/2022 3/22/2022 1,875,000.00 3.38 31,548.75 1,859,968.131,875,000.00

PACCAR FINANCIAL CORP
DTD 08/10/2023 5.050% 08/10/2026
69371RS56 3,800,000.00 A+ A1 8/10/2023 8/14/2023 3,815,846.00 4.90 27,185.83 3,878,112.803,809,852.20

BANK OF AMERICA NA (CALLABLE)
DTD 08/18/2023 5.526% 08/18/2026
06428CAA2 1,885,000.00 A+ Aa1 8/14/2023 8/18/2023 1,885,000.00 5.53 12,441.94 1,935,295.571,885,000.00

JP MORGAN CHASE BANK NA
(CALLABLE)
DTD 12/08/2023 5.110% 12/08/2026
48125LRU8 3,150,000.00 A+ Aa2 12/5/2023 12/8/2023 3,150,000.00 5.11 50,525.13 3,220,515.903,150,000.00 30 ATTACHMENT A
48 © PFM Asset Management LLC pfmam.com

TARGET CORP (CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
87612EBM7 2,140,000.00 A A2 1/27/2022 1/31/2022 2,138,694.60 1.96 8,809.67 2,055,294.522,139,397.06

MICROSOFT CORP (CALLABLE)
DTD 02/06/2017 3.300% 02/06/2027
594918BY9 2,325,000.00 AAA Aaa 1/27/2023 1/31/2023 2,259,644.25 4.07 11,721.88 2,303,145.002,286,781.58

TRUIST FINANCIAL CORP
(CALLABLE)
DTD 08/03/2020 1.125% 08/03/2027
89788MAC6 2,520,000.00 A- Baa1 8/5/2022 8/9/2022 2,213,719.20 3.83 4,567.50 2,314,998.002,345,518.96

HOME DEPOT INC (CALLABLE)
DTD 09/14/2017 2.800% 09/14/2027
437076BT8 3,450,000.00 A A2 1/25/2023 1/27/2023 3,255,385.50 4.15 4,561.67 3,351,547.353,325,899.69

JPMORGAN CHASE & CO
(CALLABLE)
DTD 02/24/2022 2.947% 02/24/2028
46647PCW4 1,605,000.00 A- A1 9/14/2023 9/18/2023 1,467,563.85 5.13 4,861.32 1,556,135.781,499,683.95

JPMORGAN CHASE & CO
(CALLABLE)
DTD 04/25/2017 3.540% 05/01/2028
46647PAF3 1,725,000.00 A- A1 8/8/2024 8/9/2024 1,672,059.75 4.44 25,443.75 1,693,437.681,673,948.88

HERSHEY COMPANY (CALLABLE)
DTD 05/04/2023 4.250% 05/04/2028
427866BH0 2,785,000.00 A A1 5/9/2023 5/11/2023 2,801,821.40 4.11 48,331.35 2,820,937.642,797,050.72

APPLE INC (CALLABLE)
DTD 05/10/2023 4.000% 05/10/2028
037833ET3 1,370,000.00 AA+ Aaa 5/12/2023 5/16/2023 1,380,946.30 3.82 21,463.33 1,384,426.101,377,874.63

APPLE INC (CALLABLE)
DTD 05/10/2023 4.000% 05/10/2028
037833ET3 4,675,000.00 AA+ Aaa 5/9/2023 5/11/2023 4,673,083.25 4.01 73,241.67 4,724,227.754,673,615.98

MORGAN STANLEY BANK NA
(CALLABLE)
DTD 05/30/2024 5.504% 05/26/2028
61690U8B9 1,430,000.00 A+ Aa3 5/28/2024 5/30/2024 1,430,000.00 5.50 26,454.36 1,474,674.631,430,000.00

MORGAN STANLEY BANK NA
(CALLABLE)
DTD 05/30/2024 5.504% 05/26/2028
61690U8B9 2,770,000.00 A+ Aa3 5/30/2024 5/31/2024 2,775,844.70 5.45 51,243.77 2,856,537.572,774,870.51

JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
24422EXB0 1,420,000.00 A A1 7/11/2023 7/14/2023 1,417,884.20 4.98 15,034.25 1,466,361.581,418,397.87

JOHN DEERE CAPITAL CORP
DTD 07/14/2023 4.950% 07/14/2028
24422EXB0 600,000.00 A A1 7/13/2023 7/14/2023 608,160.00 4.64 6,352.50 619,589.40606,178.93

TOYOTA MOTOR CREDIT CORP
DTD 09/11/2023 5.250% 09/11/2028
89236TLB9 1,400,000.00 A+ A1 9/6/2023 9/11/2023 1,397,564.00 5.29 4,083.33 1,457,860.601,398,029.96

CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
17325FBB3 4,935,000.00 A+ Aa3 9/26/2023 9/29/2023 4,935,000.00 5.80 1,590.99 5,220,894.424,935,000.00 31 ATTACHMENT A
49 © PFM Asset Management LLC pfmam.com

CITIBANK NA (CALLABLE)
DTD 09/29/2023 5.803% 09/29/2028
17325FBB3 1,300,000.00 A+ Aa3 5/1/2024 5/3/2024 1,325,142.00 5.30 419.11 1,375,311.601,322,996.59

BLACKROCK FUNDING INC
(CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
09290DAA9 4,200,000.00 AA- Aa3 4/9/2024 4/11/2024 4,181,646.00 4.80 9,321.67 4,317,537.004,183,225.82

BLACKROCK FUNDING INC
(CALLABLE)
DTD 03/14/2024 4.700% 03/14/2029
09290DAA9 405,000.00 AA- Aa3 3/5/2024 3/14/2024 404,266.95 4.74 898.88 416,333.93404,340.51

ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
00724PAF6 1,775,000.00 A+ A1 4/1/2024 4/4/2024 1,772,355.25 4.83 41,890.00 1,832,430.131,772,588.49

ADOBE INC (CALLABLE)
DTD 04/04/2024 4.800% 04/04/2029
00724PAF6 1,450,000.00 A+ A1 4/2/2024 4/4/2024 1,447,578.50 4.84 34,220.00 1,496,914.751,447,792.00

MASTERCARD INC (CALLABLE)
DTD 05/31/2019 2.950% 06/01/2029
57636QAM6 3,600,000.00 A+ Aa3 6/26/2024 6/27/2024 3,307,140.00 4.82 35,400.00 3,447,414.003,321,033.93

PEPSICO INC (CALLABLE)
DTD 07/17/2024 4.500% 07/17/2029
713448FX1 2,160,000.00 A+ A1 7/15/2024 7/17/2024 2,156,652.00 4.53 19,980.00 2,221,955.282,156,785.01

TOYOTA MOTOR CREDIT CORP
DTD 08/09/2024 4.550% 08/09/2029
89236TMK8 370,000.00 A+ A1 8/6/2024 8/9/2024 369,248.90 4.60 2,431.72 375,954.41369,268.54

TOYOTA MOTOR CREDIT CORP
DTD 08/09/2024 4.550% 08/09/2029
89236TMK8 805,000.00 A+ A1 8/7/2024 8/9/2024 804,074.25 4.58 5,290.64 817,954.87804,101.56

TOYOTA MOTOR CREDIT CORP
DTD 08/09/2024 4.550% 08/09/2029
89236TMK8 925,000.00 A+ A1 8/8/2024 8/9/2024 921,198.25 4.64 6,079.31 939,886.03921,299.33

ELI LILLY & CO (CALLABLE)
DTD 08/14/2024 4.200% 08/14/2029
532457CQ9 750,000.00 A+ A1 8/12/2024 8/14/2024 748,357.50 4.25 4,112.50 756,760.50748,399.03

ELI LILLY & CO (CALLABLE)
DTD 08/14/2024 4.200% 08/14/2029
532457CQ9 2,600,000.00 A+ A1 8/13/2024 8/14/2024 2,604,420.00 4.16 14,256.67 2,623,436.402,604,314.58 71,452,500.00 70,429,705.29 617,207.28 72,016,527.05Security Type Sub-Total 4.51 70,674,152.71 Agency CMBS
FHMS K061 A2
DTD 01/01/2017 3.347% 11/01/2026
3137BTUM1 2,810,615.81 AA+ Aaa 5/19/2023 5/24/2023 2,724,101.53 4.29 7,839.28 2,767,992.822,757,513.46 FHMS K064 A2
DTD 05/01/2017 3.224% 03/01/2027
3137BXQY1 4,477,651.00 AA+ Aaa 8/16/2023 8/18/2023 4,223,684.23 4.94 12,029.96 4,402,645.874,302,596.03 32 ATTACHMENT A
50 © PFM Asset Management LLC pfmam.com

CITY OF STOCKTON
For the Quarter Ended September 30, 2024
Portfolio Holdings
|
Security Type/Description
Dated Date/Coupon/Maturity CUSIP Par
S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Agency CMBS
FHMS K065 A2
DTD 07/01/2017 3.243% 04/01/2027
3137F1G44 2,540,000.00 AA+ Aaa 8/16/2023 8/18/2023 2,394,842.97 4.93 6,864.35 2,493,378.302,438,926.07 FHMS K066 A2
DTD 08/01/2017 3.117% 06/01/2027
3137F2LJ3 3,941,658.00 AA+ Aaa 8/17/2023 8/22/2023 3,686,066.11 4.97 10,238.46 3,855,513.063,759,805.20 FHMS K507 A1
DTD 09/01/2023 4.800% 04/01/2028
3137HAMR4 3,936,959.11 AA+ Aaa 9/20/2023 9/28/2023 3,875,176.42 5.19 15,747.84 4,015,670.743,886,711.42 FHMS K506 A1
DTD 09/01/2023 4.650% 05/01/2028
3137HAMG8 2,079,260.81 AA+ Aaa 9/7/2023 9/14/2023 2,048,165.47 5.01 8,057.14 2,119,064.102,054,456.54 FHMS KJ46 A1
DTD 07/01/2023 4.777% 06/01/2028
3137HAD45 3,392,395.91 AA+ Aaa 7/19/2023 7/27/2023 3,392,311.08 4.78 13,504.56 3,445,615.823,392,331.43 FHMS K505 A2
DTD 07/01/2023 4.819% 06/01/2028
3137HACX2 4,200,000.00 AA+ Aaa 7/13/2023 7/20/2023 4,241,949.60 4.59 16,866.50 4,308,213.004,231,763.52 FNA 2023-M6 A2
DTD 07/01/2023 4.181% 07/01/2028
3136BQDE6 4,061,119.26 AA+ Aaa 7/18/2023 7/31/2023 3,992,270.60 4.58 14,149.62 4,075,901.734,008,389.01 FHMS K506 A2
DTD 09/01/2023 4.650% 08/01/2028
3137HAMH6 4,200,000.00 AA+ Aaa 9/7/2023 9/14/2023 4,137,869.40 4.99 16,275.00 4,287,204.604,149,736.12 FHMS K508 A2
DTD 10/01/2023 4.740% 08/01/2028
3137HAQ74 4,300,000.00 AA+ Aaa 10/11/2023 10/19/2023 4,205,675.20 5.25 16,985.00 4,408,080.504,222,259.74 FHMS KJ47 A1
DTD 09/01/2023 5.272% 08/01/2028
3137HAMN3 2,339,941.68 AA+ Aaa 9/19/2023 9/28/2023 2,339,929.98 5.27 10,280.14 2,409,201.622,339,933.42 FHMS K507 A2
DTD 09/01/2023 4.800% 09/01/2028
3137HAMS2 4,200,000.00 AA+ Aaa 9/20/2023 9/28/2023 4,149,797.40 5.07 16,800.00 4,308,049.204,158,297.18 FHMS K509 A2
DTD 10/01/2023 4.850% 09/01/2028
3137HAST4 3,305,000.00 AA+ Aaa 10/25/2023 10/31/2023 3,199,626.69 5.60 13,357.71 3,398,290.243,215,830.45 FHMS K510 A2
DTD 11/01/2023 5.069% 10/01/2028
3137HB3D4 1,675,000.00 AA+ Aaa 11/14/2023 11/21/2023 1,670,157.58 5.14 7,075.48 1,735,313.401,670,917.08 FHMS K511 A2
DTD 12/01/2023 4.860% 10/01/2028
3137HB3G7 2,440,000.00 AA+ Aaa 11/28/2023 12/7/2023 2,432,989.88 4.93 9,882.00 2,510,211.002,434,045.36 FHMS K512 A2
DTD 12/01/2023 5.000% 11/01/2028
3137HBCF9 2,215,000.00 AA+ Aaa 12/11/2023 12/21/2023 2,235,683.67 4.79 9,229.17 2,290,445.122,232,747.75 FHMS K514 A2
DTD 02/01/2024 4.572% 12/01/2028
3137HBLV4 2,495,000.00 AA+ Aaa 2/1/2024 2/8/2024 2,519,947.51 4.34 9,505.95 2,541,910.992,516,952.33 FHMS K513 A2
DTD 01/01/2024 4.724% 12/01/2028
3137HBFY5 2,505,000.00 AA+ Aaa 1/10/2024 1/18/2024 2,530,022.45 4.50 9,861.35 2,567,021.302,526,805.08 33 ATTACHMENT A
51 © PFM Asset Management LLC pfmam.com

CITY OF STOCKTON
For the Quarter Ended September 30, 2024
Portfolio Holdings
|
Security Type/Description
Dated Date/Coupon/Maturity CUSIP Par
S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
Agency CMBS
FHMS K518 A2
DTD 03/01/2024 5.400% 01/01/2029
3137HC2L5 3,040,000.00 AA+ Aaa 3/19/2024 3/28/2024 3,113,400.80 4.83 13,680.00 3,196,961.283,107,508.38 FHMS K515 A2
DTD 02/01/2024 5.400% 01/01/2029
3137HBPD0 4,200,000.00 AA+ Aaa 2/14/2024 2/22/2024 4,313,148.00 4.79 18,900.00 4,411,911.004,300,624.31 FHMS K516 A2
DTD 03/01/2024 5.477% 01/01/2029
3137HBPM0 4,200,000.00 AA+ Aaa 2/29/2024 3/7/2024 4,325,987.40 4.79 19,169.50 4,420,046.404,312,891.49 FHMS K517 A2
DTD 03/01/2024 5.355% 01/01/2029
3137HC2C5 3,760,000.00 AA+ Aaa 3/5/2024 3/14/2024 3,872,747.36 4.67 16,779.00 3,942,284.803,861,357.14 FHMS K520 A2
DTD 04/01/2024 5.180% 03/01/2029
3137HCKV3 2,380,000.00 AA+ Aaa 4/23/2024 4/30/2024 2,389,660.42 5.09 10,273.67 2,483,984.582,389,067.66 FHMS K522 A2
DTD 06/01/2024 4.803% 05/01/2029
3137HDJJ0 4,400,000.00 AA+ Aaa 6/5/2024 6/13/2024 4,399,986.80 4.80 17,611.00 4,530,015.604,400,000.00 FHMS K524 A2
DTD 07/01/2024 4.720% 05/01/2029
3137HDV56 3,730,000.00 AA+ Aaa 7/16/2024 7/25/2024 3,752,905.93 4.58 14,671.33 3,830,325.813,752,484.41 86,824,601.59 86,168,104.48 335,634.01 88,755,252.88Security Type Sub-Total 4.87 86,423,950.58 ABS
TAOT 2021-C A3
DTD 09/27/2021 0.430% 01/15/2026
89239BAC5 183,844.84 AAA Aaa 9/21/2021 9/27/2021 183,830.18 0.43 35.13 182,262.30183,840.45 CARMX 2021-2 A3
DTD 04/21/2021 0.520% 02/17/2026
14314QAC8 54,962.06 AAA NR 4/13/2021 4/21/2021 54,950.21 0.52 12.70 54,755.9554,958.67 HART 2021-C A3
DTD 11/17/2021 0.740% 05/15/2026
44935FAD6 116,406.81 AAA NR 11/9/2021 11/17/2021 116,380.82 0.75 38.28 115,333.42116,397.43 HAROT 2022-2 A3
DTD 08/24/2022 3.730% 07/20/2026
43815PAC3 216,455.87 AAA NR 8/15/2022 8/24/2022 216,442.96 3.73 291.55 215,292.42216,449.91 CCCIT 2023-A1 A1
DTD 12/11/2023 5.230% 12/08/2027
17305EGW9 930,000.00 AAA Aaa 12/4/2023 12/11/2023 929,883.38 5.23 15,267.24 939,975.18929,905.64 KCOT 2023-2A A3
DTD 07/26/2023 5.280% 01/18/2028
500945AC4 1,085,000.00 NR Aaa 7/18/2023 7/26/2023 1,084,725.93 5.29 2,546.13 1,101,711.171,084,798.19 BAAT 2023-1A A3
DTD 07/31/2023 5.530% 02/15/2028
06428AAC2 1,775,000.00 NR Aaa 7/25/2023 7/31/2023 1,774,932.73 5.53 4,362.56 1,799,516.301,774,950.02 HAROT 2023-3 A3
DTD 08/22/2023 5.410% 02/18/2028
43815QAC1 2,640,000.00 AAA NR 8/15/2023 8/22/2023 2,639,455.63 5.42 5,157.53 2,677,965.842,639,590.04 34 ATTACHMENT A
52 © PFM Asset Management LLC pfmam.com

CITY OF STOCKTON
For the Quarter Ended September 30, 2024
Portfolio Holdings
|
Security Type/Description
Dated Date/Coupon/Maturity CUSIP Par
S&P
Rating
Moody's
Rating
Settle
Date
Original
Cost
Trade
Date
YTM
at Cost
Accrued
Interest
Market
Value
Amortized
Cost
ABS
TAOT 2023-C A3
DTD 08/15/2023 5.160% 04/17/2028
89231FAD2 825,000.00 AAA NR 8/8/2023 8/15/2023 824,813.39 5.17 1,892.00 835,063.35824,858.43 USAOT 2023-A A3
DTD 09/15/2023 5.580% 05/15/2028
90291VAC4 3,375,000.00 AAA Aaa 9/7/2023 9/15/2023 3,374,409.38 5.58 8,370.00 3,418,335.003,374,536.12 BAAT 2023-2A A3
DTD 11/21/2023 5.740% 06/15/2028
06054YAC1 3,075,000.00 NR Aaa 11/15/2023 11/21/2023 3,074,944.34 5.76 7,844.67 3,137,939.103,072,512.24 FITAT 2023-1 A3
DTD 08/23/2023 5.530% 08/15/2028
31680EAD3 2,880,000.00 AAA Aaa 8/15/2023 8/23/2023 2,879,821.44 5.53 7,078.40 2,920,826.882,879,861.10 TAOT 2023-D A3
DTD 11/14/2023 5.540% 08/15/2028
89239FAD4 805,000.00 AAA NR 11/7/2023 11/14/2023 804,913.22 5.54 1,982.09 823,762.13804,930.01 CHAIT 2023-A1 A
DTD 09/15/2023 5.160% 09/15/2028
161571HT4 3,380,000.00 AAA NR 9/7/2023 9/15/2023 3,379,063.06 5.17 7,751.47 3,452,997.863,379,239.67 AMXCA 2023-3 A
DTD 09/19/2023 5.230% 09/15/2028
02582JKD1 3,460,000.00 AAA NR 9/12/2023 9/19/2023 3,459,845.34 5.24 8,042.58 3,539,209.783,458,248.34 HART 2023-C A3
DTD 11/13/2023 5.540% 10/16/2028
44918CAD4 1,190,000.00 AAA NR 11/3/2023 11/13/2023 1,189,843.52 5.54 2,930.04 1,216,172.861,189,871.00 BACCT 2023-A2 A2
DTD 12/14/2023 4.980% 11/15/2028
05522RDH8 1,520,000.00 NR Aaa 12/7/2023 12/14/2023 1,519,795.86 4.98 3,364.27 1,550,418.241,519,830.39 GMCAR 2024-1 A3
DTD 01/17/2024 4.850% 12/18/2028
36268GAD7 410,000.00 NR Aaa 1/9/2024 1/17/2024 409,917.55 4.85 828.54 415,174.20409,928.26 CHAIT 2024-A1 A
DTD 01/31/2024 4.600% 01/16/2029
161571HV9 3,825,000.00 AAA NR 1/24/2024 1/31/2024 3,824,417.45 4.60 7,820.00 3,873,210.303,824,494.42 31,746,669.57 31,742,386.39 85,615.18 32,269,922.28Security Type Sub-Total 5.24 31,739,200.33 466,078,771.16 453,167,582.43 2,270,018.61 460,255,139.90Managed Account Sub Total Securities Sub Total
Accrued Interest
$466,078,771.16 $453,167,582.43 $2,270,018.61 $460,255,139.90 $2,270,018.61
457,500,283.31
$457,500,283.31

3.73 3.73%
Total Investments $462,525,158.51
35 ATTACHMENT A
53 © PFM Asset Management LLC pfmam.com

CITY OF STOCKTON
For the Quarter Ended September 30, 2024
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Set tle
Date Par ($) CUSIP
Maturity
Date
Transact
Amount ($)Coupon
Yield
at Market
Realized
G/L (BV)Security Description
BUY
7/2/2024 7/3/2024 1,100,000.00 91282CEP2 US TREASURY N/B 2.87% 5/15/2032 992,621.10 4.41% 7/2/2024 7/3/2024 1,000,000.00 91282CKQ3 US TREASURY N/B 4.37% 5/15/2034 1,000,981.66 4.44% 7/2/2024 7/3/2024 1,075,000.00 91282CHC8 US TREASURY N/B 3.37% 5/15/2033 997,022.34 4.43% 7/15/2024 7/17/2024 2,160,000.00 713448FX1 PEPSICO INC (CALLABLE) 4.50% 7/17/2029 2,156,652.00 4.53% 7/16/2024 7/25/2024 3,730,000.00 3137HDV56 FHMS K524 A2 4.72% 5/1/2029 3,764,643.00 4.58% 7/17/2024 7/17/2024 3,875,000.00 912797JT5 WI TREASURY SEC. BILLS 0.00% 7/25/2024 3,870,522.22 5.21% 8/1/2024 8/2/2024 7,325,000.00 91282CLC3 US TREASURY N/B 4.00% 7/31/2029 7,377,524.03 3.85% 8/6/2024 8/9/2024 370,000.00 89236TMK8 TOYOTA MOTOR CREDIT CORP 4.55% 8/9/2029 369,248.90 4.59% 8/7/2024 8/9/2024 805,000.00 89236TMK8 TOYOTA MOTOR CREDIT CORP 4.55% 8/9/2029 804,074.25 4.57% 8/8/2024 8/9/2024 1,725,000.00 46647PAF3 JPMORGAN CHASE & CO (CALLABLE) 3.54% 5/1/2028 1,688,683.00 4.44% 8/8/2024 8/9/2024 925,000.00 89236TMK8 TOYOTA MOTOR CREDIT CORP 4.55% 8/9/2029 921,198.25 4.64% 8/12/2024 8/14/2024 750,000.00 532457CQ9 ELI LILLY & CO (CALLABLE) 4.20% 8/14/2029 748,357.50 4.25% 8/13/2024 8/14/2024 2,600,000.00 532457CQ9 ELI LILLY & CO (CALLABLE) 4.20% 8/14/2029 2,604,420.00 4.16% 8/14/2024 8/15/2024 730,000.00 91282CLD1 US TREASURY N/B 4.12% 7/31/2031 749,391.86 3.72% 9/4/2024 9/5/2024 8,450,000.00 91282CLF6 US TREASURY N/B 3.87% 8/15/2034 8,533,050.52 3.78% Total BUY 36,620,000.00 36,578,390.63 0.00
36 ATTACHMENT A
54 © PFM Asset Management LLC pfmam.com

INTEREST
7/1/2024 7/1/2024 MONEY0002 MONEY MARKET FUND 0.00% 1,352.57 7/1/2024 7/1/2024 557,500.00 646140DP5 NJ TPK AUTH -B-TXBL 1.04% 1/1/2026 2,918.51 7/1/2024 7/1/2024 1,875,000.00 341271AD6 FLORIDA ST BRD OF ADM 1.25% 7/1/2025 11,793.75 7/1/2024 7/25/2024 3,760,000.00 3137HC2C5 FHMS K517 A2 5.35% 1/1/2029 16,779.00 7/1/2024 7/25/2024 3,040,000.00 3137HC2L5 FHMS K518 A2 5.40% 1/1/2029 13,680.00 7/1/2024 7/25/2024 3,941,658.00 3137F2LJ3 FHMS K066 A2 3.11% 6/1/2027 10,238.46 7/1/2024 7/25/2024 4,200,000.00 3137HAMS2 FHMS K507 A2 4.80% 9/1/2028 16,800.00 7/1/2024 7/25/2024 4,400,000.00 3137HDJJ0 FHMS K522 A2 4.80% 5/1/2029 17,611.00 7/1/2024 7/25/2024 4,200,000.00 3137HBPM0 FHMS K516 A2 5.47% 1/1/2029 19,169.50 7/1/2024 7/25/2024 4,200,000.00 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 16,866.50 7/1/2024 7/25/2024 1,675,000.00 3137HB3D4 FHMS K510 A2 5.06% 10/1/2028 7,075.48 7/1/2024 7/25/2024 2,495,000.00 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 9,505.95 7/1/2024 7/25/2024 2,352,355.02 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 10,334.68 7/1/2024 7/25/2024 3,973,581.39 3137HAMR4 FHMS K507 A1 4.80% 4/1/2028 15,894.33 7/1/2024 7/25/2024 3,305,000.00 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 13,357.71 7/1/2024 7/25/2024 4,477,651.00 3137BXQY1 FHMS K064 A2 3.22% 3/1/2027 12,029.96 7/1/2024 7/25/2024 4,200,000.00 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 16,275.00 37 ATTACHMENT A
55 © PFM Asset Management LLC pfmam.com

INTEREST
7/1/2024 7/25/2024 4,300,000.00 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 16,985.00 7/1/2024 7/25/2024 2,380,000.00 3137HCKV3 FHMS K520 A2 5.18% 3/1/2029 10,273.67 7/1/2024 7/25/2024 2,215,000.00 3137HBCF9 FHMS K512 A2 5.00% 11/1/2028 9,229.17 7/1/2024 7/25/2024 2,440,000.00 3137HB3G7 FHMS K511 A2 4.86% 10/1/2028 9,882.00 7/1/2024 7/25/2024 3,398,940.59 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 13,530.62 7/1/2024 7/25/2024 2,505,000.00 3137HBFY5 FHMS K513 A2 4.72% 12/1/2028 9,861.35 7/1/2024 7/25/2024 2,540,000.00 3137F1G44 FHMS K065 A2 3.24% 4/1/2027 6,864.35 7/1/2024 7/25/2024 4,200,000.00 3137HBPD0 FHMS K515 A2 5.40% 1/1/2029 18,900.00 7/1/2024 7/25/2024 4,250,000.00 3136BQDE6 FNA 2023-M6 A2 4.18% 7/1/2028 14,839.58 7/1/2024 7/25/2024 2,827,273.25 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 7,885.74 7/1/2024 7/25/2024 2,084,432.76 3137HAMG8 FHMS K506 A1 4.65% 5/1/2028 8,077.18 7/10/2024 7/10/2024 212,500.00 24422EVY2 JOHN DEERE CAPITAL CORP 1.25% 1/10/2025 1,328.13 7/14/2024 7/14/2024 2,020,000.00 24422EXB0 JOHN DEERE CAPITAL CORP 4.95% 7/14/2028 49,995.00 7/15/2024 7/15/2024 3,375,000.00 90291VAC4 USAOT 2023-A A3 5.58% 5/15/2028 15,693.75 7/15/2024 7/15/2024 1,520,000.00 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 6,308.00 7/15/2024 7/15/2024 2,880,000.00 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 13,272.00 7/15/2024 7/15/2024 3,825,000.00 161571HV9 CHAIT 2024-A1 A 4.60% 1/16/2029 14,662.50 38 ATTACHMENT A
56 © PFM Asset Management LLC pfmam.com

INTEREST
7/15/2024 7/15/2024 145,824.92 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 63.19 7/15/2024 7/15/2024 805,000.00 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 3,716.42 7/15/2024 7/15/2024 3,075,000.00 06054YAC1 BAAT 2023-2A A3 5.74% 6/15/2028 14,708.75 7/15/2024 7/15/2024 187,115.11 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 115.39 7/15/2024 7/15/2024 825,000.00 89231FAD2 TAOT 2023-C A3 5.16% 4/17/2028 3,547.50 7/15/2024 7/15/2024 1,190,000.00 44918CAD4 HART 2023-C A3 5.54% 10/16/2028 5,493.83 7/15/2024 7/15/2024 3,380,000.00 161571HT4 CHAIT 2023-A1 A 5.16% 9/15/2028 14,534.00 7/15/2024 7/15/2024 33,166.67 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 9.40 7/15/2024 7/15/2024 797,500.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 385.46 7/15/2024 7/15/2024 18,418.35 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 5.83 7/15/2024 7/15/2024 308,457.70 89239BAC5 TAOT 2021-C A3 0.43% 1/15/2026 110.53 7/15/2024 7/15/2024 1,085,000.00 500945AC4 KCOT 2023-2A A3 5.28% 1/18/2028 4,774.00 7/15/2024 7/15/2024 3,460,000.00 02582JKD1 AMXCA 2023-3 A 5.23% 9/15/2028 15,079.83 7/15/2024 7/15/2024 2,140,000.00 87612EBM7 TARGET CORP (CALLABLE) 1.95% 1/15/2027 20,865.00 7/15/2024 7/15/2024 1,775,000.00 06428AAC2 BAAT 2023-1A A3 5.53% 2/15/2028 8,179.79 7/16/2024 7/16/2024 410,000.00 36268GAD7 GMCAR 2024-1 A3 4.85% 12/18/2028 1,657.08 7/17/2024 7/17/2024 4,200,000.00 21684LGS5 COOPERAT RABOBANK UA/NY 5.08% 7/17/2026 106,680.00 39 ATTACHMENT A
57 © PFM Asset Management LLC pfmam.com

INTEREST
7/18/2024 7/18/2024 276,456.35 43815PAC3 HAROT 2022-2 A3 3.73% 7/20/2026 859.32 7/18/2024 7/18/2024 2,640,000.00 43815QAC1 HAROT 2023-3 A3 5.41% 2/18/2028 11,902.00 7/21/2024 7/21/2024 2,310,000.00 3137EAEU9 FREDDIE MAC 0.37% 7/21/2025 4,331.25 7/31/2024 7/31/2024 5,000,000.00 91282CFB2 US TREASURY N/B 2.75% 7/31/2027 68,750.00 7/31/2024 7/31/2024 1,707,500.00 9128286A3 US TREASURY N/B 2.62% 1/31/2026 22,410.94 7/31/2024 7/31/2024 5,040,000.00 91282CBJ9 US TREASURY N/B 0.75% 1/31/2028 18,900.00 7/31/2024 7/31/2024 17,305,000.00 91282CBH3 US TREASURY N/B 0.37% 1/31/2026 32,446.88 8/1/2024 8/1/2024 MONEY0002 MONEY MARKET FUND 0.00% 1,795.86 8/1/2024 8/25/2024 2,821,514.25 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 7,869.67 8/1/2024 8/25/2024 2,380,000.00 3137HCKV3 FHMS K520 A2 5.18% 3/1/2029 10,273.67 8/1/2024 8/25/2024 2,348,802.05 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 10,319.07 8/1/2024 8/25/2024 4,200,000.00 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 16,866.50 8/1/2024 8/25/2024 4,200,000.00 3137HBPD0 FHMS K515 A2 5.40% 1/1/2029 18,900.00 8/1/2024 8/25/2024 3,396,736.94 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 13,521.84 8/1/2024 8/25/2024 3,760,000.00 3137HC2C5 FHMS K517 A2 5.35% 1/1/2029 16,779.00 8/1/2024 8/25/2024 4,200,000.00 3137HBPM0 FHMS K516 A2 5.47% 1/1/2029 19,169.50 8/1/2024 8/25/2024 4,200,000.00 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 16,275.00 40 ATTACHMENT A
58 © PFM Asset Management LLC pfmam.com

INTEREST
8/1/2024 8/25/2024 3,961,313.15 3137HAMR4 FHMS K507 A1 4.80% 4/1/2028 15,845.25 8/1/2024 8/25/2024 1,675,000.00 3137HB3D4 FHMS K510 A2 5.06% 10/1/2028 7,075.48 8/1/2024 8/25/2024 3,941,658.00 3137F2LJ3 FHMS K066 A2 3.11% 6/1/2027 10,238.46 8/1/2024 8/25/2024 2,215,000.00 3137HBCF9 FHMS K512 A2 5.00% 11/1/2028 9,229.17 8/1/2024 8/25/2024 2,082,554.72 3137HAMG8 FHMS K506 A1 4.65% 5/1/2028 8,069.90 8/1/2024 8/25/2024 2,505,000.00 3137HBFY5 FHMS K513 A2 4.72% 12/1/2028 9,861.35 8/1/2024 8/25/2024 3,040,000.00 3137HC2L5 FHMS K518 A2 5.40% 1/1/2029 13,680.00 8/1/2024 8/25/2024 4,477,651.00 3137BXQY1 FHMS K064 A2 3.22% 3/1/2027 12,029.96 8/1/2024 8/25/2024 4,250,000.00 3136BQDE6 FNA 2023-M6 A2 4.18% 7/1/2028 14,839.58 8/1/2024 8/25/2024 4,200,000.00 3137HAMS2 FHMS K507 A2 4.80% 9/1/2028 16,800.00 8/1/2024 8/25/2024 2,540,000.00 3137F1G44 FHMS K065 A2 3.24% 4/1/2027 6,864.35 8/1/2024 8/25/2024 3,305,000.00 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 13,357.71 8/1/2024 8/25/2024 3137HDV56 FHMS K524 A2 4.72% 5/1/2029 14,671.33 8/1/2024 8/25/2024 4,400,000.00 3137HDJJ0 FHMS K522 A2 4.80% 5/1/2029 17,611.00 8/1/2024 8/25/2024 4,300,000.00 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 16,985.00 8/1/2024 8/25/2024 2,440,000.00 3137HB3G7 FHMS K511 A2 4.86% 10/1/2028 9,882.00 8/1/2024 8/25/2024 2,495,000.00 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 9,505.95 41 ATTACHMENT A
59 © PFM Asset Management LLC pfmam.com

INTEREST
8/3/2024 8/3/2024 2,520,000.00 89788MAC6 TRUIST FINANCIAL CORP (CALLABLE) 1.12% 8/3/2027 14,175.00 8/5/2024 8/5/2024 2,165,000.00 458140BY5 INTEL CORP (CALLABLE) 3.75% 8/5/2027 40,593.75 8/6/2024 8/6/2024 2,325,000.00 594918BY9 MICROSOFT CORP (CALLABLE) 3.30% 2/6/2027 38,362.50 8/6/2024 8/6/2024 437,500.00 857477BR3 STATE STREET CORP (CALLABLE) 1.74% 2/6/2026 3,819.38 8/10/2024 8/10/2024 3,800,000.00 69371RS56 PACCAR FINANCIAL CORP 5.05% 8/10/2026 95,950.00 8/13/2024 8/13/2024 7,500.00 89236TGT6 TOYOTA MOTOR CREDIT CORP 1.80% 2/13/2025 67.50 8/15/2024 8/15/2024 2,880,000.00 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 13,272.00 8/15/2024 8/15/2024 115,108.70 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 49.88 8/15/2024 8/15/2024 20,220.80 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 5.73 8/15/2024 8/15/2024 3,825,000.00 161571HV9 CHAIT 2024-A1 A 4.60% 1/16/2029 14,662.50 8/15/2024 8/15/2024 2,730,000.00 9128282R0 US TREASURY N/B 2.25% 8/15/2027 30,712.50 8/15/2024 8/15/2024 1,775,000.00 06428AAC2 BAAT 2023-1A A3 5.53% 2/15/2028 8,179.79 8/15/2024 8/15/2024 1,775,000.00 912810FJ2 US TREASURY N/B 6.12% 8/15/2029 54,359.38 8/15/2024 8/15/2024 3,075,000.00 06054YAC1 BAAT 2023-2A A3 5.74% 6/15/2028 14,708.75 8/15/2024 8/15/2024 1,190,000.00 44918CAD4 HART 2023-C A3 5.54% 10/16/2028 5,493.83 8/15/2024 8/15/2024 2,665,000.00 9128286B1 US TREASURY N/B 2.62% 2/15/2029 34,978.13 8/15/2024 8/15/2024 805,000.00 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 3,716.42 42 ATTACHMENT A
60 © PFM Asset Management LLC pfmam.com

INTEREST
8/15/2024 8/15/2024 1,085,000.00 500945AC4 KCOT 2023-2A A3 5.28% 1/18/2028 4,774.00 8/15/2024 8/15/2024 565,000.00 91282CBL4 US TREASURY N/B 1.12% 2/15/2031 3,178.13 8/15/2024 8/15/2024 520,000.00 912828YB0 US TREASURY N/B 1.62% 8/15/2029 4,225.00 8/15/2024 8/15/2024 797,500.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 385.46 8/15/2024 8/15/2024 6,575,000.00 912810FP8 US TREASURY N/B 5.37% 2/15/2031 176,703.13 8/15/2024 8/15/2024 3,375,000.00 90291VAC4 USAOT 2023-A A3 5.58% 5/15/2028 15,693.75 8/15/2024 8/15/2024 3,380,000.00 161571HT4 CHAIT 2023-A1 A 5.16% 9/15/2028 14,534.00 8/15/2024 8/15/2024 542,500.00 912828Z94 US TREASURY N/B 1.50% 2/15/2030 4,068.75 8/15/2024 8/15/2024 825,000.00 89231FAD2 TAOT 2023-C A3 5.16% 4/17/2028 3,547.50 8/15/2024 8/15/2024 2,385,000.00 91282CHT1 US TREASURY N/B 3.87% 8/15/2033 46,209.38 8/15/2024 8/15/2024 1,875,000.00 912810FG8 US TREASURY N/B 5.25% 2/15/2029 49,218.75 8/15/2024 8/15/2024 2,245,000.00 912828V98 US TREASURY N/B 2.25% 2/15/2027 25,256.25 8/15/2024 8/15/2024 5,672,500.00 91282CAE1 US TREASURY N/B 0.62% 8/15/2030 17,726.56 8/15/2024 8/15/2024 2,195,000.00 91282CFF3 US TREASURY N/B 2.75% 8/15/2032 30,181.25 8/15/2024 8/15/2024 2,065,000.00 91282CGM7 US TREASURY N/B 3.50% 2/15/2033 36,137.50 8/15/2024 8/15/2024 3,880,000.00 91282CJZ5 US TREASURY N/B 4.00% 2/15/2034 77,600.00 8/15/2024 8/15/2024 2,365,000.00 91282CDY4 US TREASURY N/B 1.87% 2/15/2032 22,171.88 43 ATTACHMENT A
61 © PFM Asset Management LLC pfmam.com

INTEREST
8/15/2024 8/15/2024 3,460,000.00 02582JKD1 AMXCA 2023-3 A 5.23% 9/15/2028 15,079.83 8/15/2024 8/15/2024 3,027,500.00 91282CCS8 US TREASURY N/B 1.25% 8/15/2031 18,921.88 8/15/2024 8/15/2024 267,787.65 89239BAC5 TAOT 2021-C A3 0.43% 1/15/2026 95.96 8/15/2024 8/15/2024 1,520,000.00 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 6,308.00 8/15/2024 8/15/2024 163,554.17 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 100.86 8/16/2024 8/16/2024 410,000.00 36268GAD7 GMCAR 2024-1 A3 4.85% 12/18/2028 1,657.08 8/18/2024 8/18/2024 256,726.38 43815PAC3 HAROT 2022-2 A3 3.73% 7/20/2026 797.99 8/18/2024 8/18/2024 2,640,000.00 43815QAC1 HAROT 2023-3 A3 5.41% 2/18/2028 11,902.00 8/18/2024 8/18/2024 1,885,000.00 06428CAA2 BANK OF AMERICA NA (CALLABLE) 5.52% 8/18/2026 52,082.55 8/24/2024 8/24/2024 1,605,000.00 46647PCW4 JPMORGAN CHASE & CO (CALLABLE) 2.94% 2/24/2028 23,649.68 8/25/2024 8/25/2024 3,995,000.00 3135G05X7 FANNIE MAE 0.37% 8/25/2025 7,490.63 8/31/2024 8/31/2024 9128282U3 US TREASURY N/B 1.87% 8/31/2024 70.31 8/31/2024 8/31/2024 91282CBQ3 US TREASURY N/B 0.50% 2/28/2026 31,675.00 8/31/2024 8/31/2024 91282CGP0 US TREASURY N/B 4.00% 2/29/2028 96,500.00 8/31/2024 8/31/2024 91282CFJ5 US TREASURY N/B 3.12% 8/31/2029 33,125.00 8/31/2024 8/31/2024 912828ZC7 US TREASURY N/B 1.12% 2/28/2025 70.31 8/31/2024 8/31/2024 91282CFH9 US TREASURY N/B 3.12% 8/31/2027 78,593.75 44 ATTACHMENT A
62 © PFM Asset Management LLC pfmam.com

INTEREST
8/31/2024 8/31/2024 91282CAJ0 US TREASURY N/B 0.25% 8/31/2025 11,025.00 8/31/2024 8/31/2024 91282CGQ8 US TREASURY N/B 4.00% 2/28/2030 40,200.00 9/1/2024 9/25/2024 3137HBPM0 FHMS K516 A2 5.47% 1/1/2029 19,169.50 9/1/2024 9/25/2024 3137HCKV3 FHMS K520 A2 5.18% 3/1/2029 10,273.67 9/1/2024 9/25/2024 3137BXQY1 FHMS K064 A2 3.22% 3/1/2027 12,029.96 9/1/2024 9/25/2024 3137HAMH6 FHMS K506 A2 4.65% 8/1/2028 16,275.00 9/1/2024 9/25/2024 3137HDJJ0 FHMS K522 A2 4.80% 5/1/2029 17,611.00 9/1/2024 9/25/2024 3137F1G44 FHMS K065 A2 3.24% 4/1/2027 6,864.35 9/1/2024 9/25/2024 3137HBFY5 FHMS K513 A2 4.72% 12/1/2028 9,861.35 9/1/2024 9/25/2024 3137HAST4 FHMS K509 A2 4.85% 9/1/2028 13,357.71 9/1/2024 9/25/2024 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 13,513.23 9/1/2024 9/25/2024 3137HB3D4 FHMS K510 A2 5.06% 10/1/2028 7,075.48 9/1/2024 9/25/2024 3137HDV56 FHMS K524 A2 4.72% 5/1/2029 14,671.33 9/1/2024 9/25/2024 3137HAMG8 FHMS K506 A1 4.65% 5/1/2028 8,063.53 9/1/2024 9/25/2024 3137HBPD0 FHMS K515 A2 5.40% 1/1/2029 18,900.00 9/1/2024 9/25/2024 3137HAMR4 FHMS K507 A1 4.80% 4/1/2028 15,802.57 9/1/2024 9/25/2024 3137F2LJ3 FHMS K066 A2 3.11% 6/1/2027 10,238.46 45 ATTACHMENT A
63 © PFM Asset Management LLC pfmam.com

INTEREST
9/1/2024 9/25/2024 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 10,299.66 9/1/2024 9/25/2024 3137HBLV4 FHMS K514 A2 4.57% 12/1/2028 9,505.95 9/1/2024 9/25/2024 3136BQDE6 FNA 2023-M6 A2 4.18% 7/1/2028 14,839.58 9/1/2024 9/25/2024 3137HAMS2 FHMS K507 A2 4.80% 9/1/2028 16,800.00 9/1/2024 9/25/2024 3137HAQ74 FHMS K508 A2 4.74% 8/1/2028 16,985.00 9/1/2024 9/25/2024 3137HACX2 FHMS K505 A2 4.81% 6/1/2028 16,866.50 9/1/2024 9/25/2024 3137HC2L5 FHMS K518 A2 5.40% 1/1/2029 13,680.00 9/1/2024 9/25/2024 3137HB3G7 FHMS K511 A2 4.86% 10/1/2028 9,882.00 9/1/2024 9/25/2024 3137HBCF9 FHMS K512 A2 5.00% 11/1/2028 9,229.17 9/1/2024 9/25/2024 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 7,854.50 9/1/2024 9/25/2024 3137HC2C5 FHMS K517 A2 5.35% 1/1/2029 16,779.00 9/3/2024 9/3/2024 MONEY0002 MONEY MARKET FUND 0.00% 1,634.93 9/10/2024 9/10/2024 3130AT4C8 FEDERAL HOME LOAN BANK 3.37% 9/10/2032 14,765.63 9/11/2024 9/11/2024 89236TLB9 TOYOTA MOTOR CREDIT CORP 5.25% 9/11/2028 36,750.00 9/14/2024 9/14/2024 437076BT8 HOME DEPOT INC (CALLABLE) 2.80% 9/14/2027 48,300.00 9/14/2024 9/14/2024 09290DAA9 BLACKROCK FUNDING INC (CALLABLE) 4.70% 3/14/2029 108,217.50 9/15/2024 9/15/2024 02582JKD1 AMXCA 2023-3 A 5.23% 9/15/2028 15,079.83 46 ATTACHMENT A
64 © PFM Asset Management LLC pfmam.com

INTEREST
9/15/2024 9/15/2024 44918CAD4 HART 2023-C A3 5.54% 10/16/2028 5,493.83 9/15/2024 9/15/2024 91282CCX7 US TREASURY N/B 0.37% 9/15/2024 14.06 9/15/2024 9/15/2024 89239FAD4 TAOT 2023-D A3 5.54% 8/15/2028 3,716.42 9/15/2024 9/15/2024 06428AAC2 BAAT 2023-1A A3 5.53% 2/15/2028 8,179.79 9/15/2024 9/15/2024 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 86.42 9/15/2024 9/15/2024 161571HT4 CHAIT 2023-A1 A 5.16% 9/15/2028 14,534.00 9/15/2024 9/15/2024 90291VAC4 USAOT 2023-A A3 5.58% 5/15/2028 15,693.75 9/15/2024 9/15/2024 161571HV9 CHAIT 2024-A1 A 4.60% 1/16/2029 14,662.50 9/15/2024 9/15/2024 06054YAC1 BAAT 2023-2A A3 5.74% 6/15/2028 14,708.75 9/15/2024 9/15/2024 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 2.11 9/15/2024 9/15/2024 31680EAD3 FITAT 2023-1 A3 5.53% 8/15/2028 13,272.00 9/15/2024 9/15/2024 89239BAC5 TAOT 2021-C A3 0.43% 1/15/2026 80.65 9/15/2024 9/15/2024 05522RDH8 BACCT 2023-A2 A2 4.98% 11/15/2028 6,308.00 9/15/2024 9/15/2024 89231FAD2 TAOT 2023-C A3 5.16% 4/17/2028 3,547.50 9/15/2024 9/15/2024 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 36.86 9/15/2024 9/15/2024 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 385.46 9/15/2024 9/15/2024 500945AC4 KCOT 2023-2A A3 5.28% 1/18/2028 4,774.00 47 ATTACHMENT A
65 © PFM Asset Management LLC pfmam.com

INTEREST
9/16/2024 9/16/2024 36268GAD7 GMCAR 2024-1 A3 4.85% 12/18/2028 1,657.08 9/18/2024 9/18/2024 43815PAC3 HAROT 2022-2 A3 3.73% 7/20/2026 734.87 9/18/2024 9/18/2024 43815QAC1 HAROT 2023-3 A3 5.41% 2/18/2028 11,902.00 9/23/2024 9/23/2024 3137EAEX3 FREDDIE MAC 0.37% 9/23/2025 6,646.88 9/29/2024 9/29/2024 17325FBB3 CITIBANK NA (CALLABLE) 5.80% 9/29/2028 180,908.53 9/29/2024 9/29/2024 3133EMBH4 FEDERAL FARM CREDIT BANK (CALLABLE) 0.53% 9/29/2025 6,002.25 9/30/2024 9/30/2024 857477BM4 STATE STREET CORP (CALLABLE) 2.90% 3/30/2026 54,393.75 9/30/2024 9/30/2024 91282CEF4 US TREASURY N/B 2.50% 3/31/2027 66,875.00 9/30/2024 9/30/2024 91282CCZ2 US TREASURY N/B 0.87% 9/30/2026 16,187.50 9/30/2024 9/30/2024 91282CGT2 US TREASURY N/B 3.62% 3/31/2028 77,212.50 9/30/2024 9/30/2024 91282CCY5 US TREASURY N/B 1.25% 9/30/2028 3,281.25 9/30/2024 9/30/2024 91282CBS9 US TREASURY N/B 1.25% 3/31/2028 48,250.00 9/30/2024 9/30/2024 91282CKF7 US TREASURY N/B 4.12% 3/31/2031 78,787.50 9/30/2024 9/30/2024 91282CAL5 US TREASURY N/B 0.37% 9/30/2027 4,500.00 Total INTEREST 332,763,958.92 3,695,189.19 0.00

MATURITY
7/25/2024 7/25/2024 3,875,000.00 912797JT5 WI TREASURY SEC. BILLS 0.00% 7/25/2024 3,875,000.00 48 ATTACHMENT A
66 © PFM Asset Management LLC pfmam.com

MATURITY
8/1/2024 8/1/2024 7,500.00 574193TQ1 MD ST TXBL GO BONDS 0.51% 8/1/2024 7,519.13 8/9/2024 8/9/2024 1,680,000.00 46647PCM6 JPMORGAN CHASE & CO CORP NOTES (CALLED, 0.76% 8/9/2024 1,686,451.20 8/31/2024 8/31/2024 7,500.00 9128282U3 US TREASURY N/B 1.87% 8/31/2024 7,500.00 9/15/2024 9/15/2024 7,500.00 91282CCX7 US TREASURY N/B 0.37% 9/15/2024 7,500.00 Total MATURITY 5,577,500.00 5,583,970.33 0.00

PAYDOWNS
7/1/2024 7/25/2024 3,552.97 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 3,552.97 7/1/2024 7/25/2024 1,878.04 3137HAMG8 FHMS K506 A1 4.65% 5/1/2028 1,878.04 7/1/2024 7/25/2024 5,759.00 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 5,759.00 7/1/2024 7/25/2024 12,268.24 3137HAMR4 FHMS K507 A1 4.80% 4/1/2028 12,268.24 7/1/2024 7/25/2024 2,203.65 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 2,203.65 7/15/2024 7/15/2024 12,945.87 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 12,945.87 7/15/2024 7/15/2024 23,560.94 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 23,560.94 7/15/2024 7/15/2024 18,418.35 44933LAC7 HART 2021-A A3 0.38% 9/15/2025 18,418.35 7/15/2024 7/15/2024 30,716.22 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 30,716.22 7/15/2024 7/15/2024 40,670.05 89239BAC5 TAOT 2021-C A3 0.43% 1/15/2026 40,670.05 7/18/2024 7/18/2024 19,729.97 43815PAC3 HAROT 2022-2 A3 3.73% 7/20/2026 19,729.97 49 ATTACHMENT A
67 © PFM Asset Management LLC pfmam.com

PAYDOWNS
8/1/2024 8/25/2024 2,164.73 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 2,164.73 0.05 8/1/2024 8/25/2024 10,670.56 3137HAMR4 FHMS K507 A1 4.80% 4/1/2028 10,670.56 8/1/2024 8/25/2024 1,643.10 3137HAMG8 FHMS K506 A1 4.65% 5/1/2028 1,643.10 8/1/2024 8/25/2024 4,417.10 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 4,417.10 0.02 8/1/2024 8/25/2024 5,440.10 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 5,440.10 8/15/2024 8/15/2024 12,772.74 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 12,772.74 8/15/2024 8/15/2024 42,720.98 89239BAC5 TAOT 2021-C A3 0.43% 1/15/2026 42,720.98 8/15/2024 8/15/2024 23,407.46 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 23,407.46 8/15/2024 8/15/2024 30,051.33 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 30,051.33 8/18/2024 8/18/2024 20,307.31 43815PAC3 HAROT 2022-2 A3 3.73% 7/20/2026 20,307.31 9/1/2024 9/25/2024 4,443.30 3137HAMN3 FHMS KJ47 A1 5.27% 8/1/2028 4,443.30 0.01 9/1/2024 9/25/2024 2,176.33 3137HAD45 FHMS KJ46 A1 4.77% 6/1/2028 2,176.33 0.04 9/1/2024 9/25/2024 5,458.35 3137BTUM1 FHMS K061 A2 3.34% 11/1/2026 5,458.35 107.12 9/1/2024 9/25/2024 13,683.49 3137HAMR4 FHMS K507 A1 4.80% 4/1/2028 13,683.49 178.33 9/1/2024 9/25/2024 1,650.82 3137HAMG8 FHMS K506 A1 4.65% 5/1/2028 1,650.82 20.10 9/1/2024 9/25/2024 188,880.74 3136BQDE6 FNA 2023-M6 A2 4.18% 7/1/2028 188,880.74 2,506.01 9/15/2024 9/15/2024 797,500.00 254683CP8 DCENT 2021-A1 A1 0.58% 9/15/2026 797,500.00 68.76 50 ATTACHMENT A
68 © PFM Asset Management LLC pfmam.com

PAYDOWNS
9/15/2024 9/15/2024 7,448.07 14316NAC3 CARMX 2021-1 A3 0.34% 12/15/2025 7,448.07 0.38 9/15/2024 9/15/2024 23,739.91 44935FAD6 HART 2021-C A3 0.74% 5/15/2026 23,739.91 1.97 9/15/2024 9/15/2024 41,221.84 89239BAC5 TAOT 2021-C A3 0.43% 1/15/2026 41,221.84 1.01 9/15/2024 9/15/2024 30,095.31 14314QAC8 CARMX 2021-2 A3 0.52% 2/17/2026 30,095.31 1.91 9/18/2024 9/18/2024 19,963.22 43815PAC3 HAROT 2022-2 A3 3.73% 7/20/2026 19,963.22 0.56 Total PAYDOWNS 1,461,560.09 1,461,560.09 2,886.27
SELL
7/2/2024 7/3/2024 2,560,000.00 023135CE4 AMAZON.COM INC 3.00% 4/13/2025 2,531,114.67 -44,897.26 7/16/2024 7/17/2024 1,190,000.00 89236TGT6 TOYOTA MOTOR CREDIT CORP 1.80% 2/13/2025 1,174,910.80 -26,232.96 7/16/2024 7/17/2024 1,145,000.00 91282CES6 US TREASURY N/B 2.75% 5/31/2029 1,081,551.10 -9,475.04 7/16/2024 7/17/2024 2,185,000.00 91282CES6 US TREASURY N/B 2.75% 5/31/2029 2,063,920.64 -42,094.69 7/16/2024 7/17/2024 670,000.00 91282CES6 US TREASURY N/B 2.75% 5/31/2029 632,872.69 -34,270.13 7/16/2024 7/17/2024 980,000.00 38148LAE6 GOLDMAN SACHS GROUP INC (CALLABLE) 3.75% 5/22/2025 972,237.58 -30,610.29 8/1/2024 8/2/2024 1,002,500.00 3135G04Z3 FANNIE MAE 0.50% 6/17/2025 966,645.59 -36,118.05 8/1/2024 8/2/2024 1,490,000.00 3135G04Z3 FANNIE MAE 0.50% 6/17/2025 1,436,710.15 -55,197.50 8/1/2024 8/2/2024 4,137,500.00 3135G04Z3 FANNIE MAE 0.50% 6/17/2025 3,989,522.31 -153,847.89 8/8/2024 8/9/2024 2,000,000.00 438516CB0 HONEYWELL INTERNATIONAL (CALLABLE) 1.35% 6/1/2025 1,949,340.00 -63,556.69 51 ATTACHMENT A
69 © PFM Asset Management LLC pfmam.com

CITY OF STOCKTON
For the Quarter Ended September 30, 2024
Appendix
|
Important Disclosures
This material is for general information purposes only and is not intended to provide specific advice or a specific recommendation, as it was prepared without regard to any specific objectives or financial circumstances.

Investment advisory services are provided by PFM Asset Management LLC ("PFMAM"), an investment adviser registered with the U.S. Securities and Exchange Commission and a subsidiary of U.S. Bancorp Asset Management, Inc. ("USBAM"). USBAM is a subsidiary of U.S. Bank National Association ("U.S. Bank"). U.S. Bank is a separate entity and subsidiary of U.S. Bancorp. U.S. Bank is not responsible for and does not guarantee the products, services or performance of PFMAM. The information contained is not an offer to purchase or sell any securities. Additional applicable regulatory information is available upon request.

PFMAM professionals have exercised reasonable professional care in the preparation of this performance report. Information in this report is obtained from sources external to PFMAM and is generally believed to be reliable and available to the public; however, we cannot guarantee its accuracy, completeness or suitability. We rely on the client's custodian for security holdings and market values. Transaction dates reported by the custodian may differ from money manager statements. While efforts are made to ensure the data contained herein is accurate and complete, we disclaim all responsibility for any errors that may occur. References to particular issuers are for illustrative purposes only and are not intended to be recommendations or advice regarding such issuers. Fixed income manager and index characteristics are gathered from external sources. When average credit quality is not available, it is estimated by taking the market value weights of individual credit tiers on the portion of the strategy rated by a NRSRO.

It is not possible to invest directly in an index. The index returns shown throughout this material do not represent the results of actual trading of investor assets.

Third-party providers maintain the indices shown and calculate the index levels and performance shown or discussed. Index returns do not reflect payment of any sales charges or fees an investor would pay to purchase the securities they represent. The imposition of these fees and charges would cause investment performance to be lower than the performance shown.

The views expressed within this material constitute the perspective and judgment of PFMAM at the time of distribution and are subject to change. Any forecast, projection, or prediction of the market, the economy, economic trends, and equity or fixed-income markets are based upon certain assumptions and current opinion as of the date of issue and are also subject to change. Some, but not all assumptions are noted in the report. Assumptions may or may not be proven correct as actual events occur, and results may depend on events outside of your or our control. Changes in assumptions may have a material effect on results. Opinions and data presented are not necessarily indicative of future events or expected performance.

For more information regarding PFMAM's services or entities, please visit www.pfmam.com. © 2023 PFM Asset Management LLC. Further distribution is not permitted without prior written consent. 53 ATTACHMENT A
71 © PFM Asset Management LLC pfmam.com

CITY OF STOCKTON
For the Quarter Ended September 30, 2024
Appendix
|
Important Disclosures
Market values that include accrued interest are derived from closing bid prices as of the last business day of the month as supplied by Refinitiv, Bloomberg, or Telerate. Where prices are not available from generally recognized sources, the securities are priced using a yield-based matrix system to arrive at an estimated market value.

In accordance with generally accepted accounting principles, information is presented on a trade date basis; forward settling purchases are included in the monthly balances, and forward settling sales are excluded.

Performance is presented in accordance with the CFA Institute's Global Investment Performance Standards (GIPS). Unless otherwise noted, performance is shown gross of fees. Quarterly returns are presented on an unannualized basis. Returns for periods greater than one year are presented on an annualized basis. Past performance is not indicative of future returns.

ICE Bank of America Indices provided by Bloomberg Financial Markets.

Money market fund/cash balances are included in performance and duration computations.

Standard & Poor's is the source of the credit ratings. Distribution of credit rating is exclusive of money market fund/LGIP holdings.

Callable securities in the portfolio are included in the maturity distribution analysis to their stated maturity date, although, they may be called prior to maturity.

MBS maturities are represented by expected average life. 54 ATTACHMENT A
72 © PFM Asset Management LLC pfmam.com

CITY OF STOCKTON
For the Quarter Ended September 30, 2024
Appendix
|
Glossary
Accrued Interest: Interest that is due on a bond or other fixed income security since the last interest payment was made.

Agencies: Federal agency securities and/or Government-sponsored enterprises.

Amortized Cost: The original cost of the principal of the security is adjusted for the amount of the periodic reduction of any discount or premium from the purchase date until the date of the report. Discount or premium with respect to short-term securities (those with less than one year to maturity at time of issuance) is amortized on a straight line basis. Such discount or premium with respect to longer-term securities is amortized using the constant yield basis.

Asset-Backed Security: A financial instrument collateralized by an underlying pool of assets – usually ones that generate a cash flow from debt, such as loans, leases, credit card balances, and receivables.

Bankers’ Acceptance: A draft or bill or exchange accepted by a bank or trust company. The accepting institution guarantees payment of the bill as well as the insurer.

Commercial Paper: An unsecured obligation issued by a corporation or bank to finance its short-term credit needs, such as accounts receivable and inventory.

Contribution to Total Return: The weight of each individual security multiplied by its return, then summed for each sector to determine how much each sector added or subtracted from the overall portfolio performance.

Effective Duration: A measure of the sensitivity of a security’s price to a change in interest rates, stated in years.

Effective Yield: The total yield an investor receives in relation to the nominal yield or coupon of a bond. Effective yield takes into account the power of compounding on investment returns, while nominal yield does not.

FDIC: Federal Deposit Insurance Corporation. A federal agency that insures bank deposits to a specified amount.

Interest Rate: Interest per year divided by principal amount and expressed as a percentage.

Market Value: The value that would be received or paid for an investment in an orderly transaction between market participants at the measurement date.

Maturity: The date upon which the principal or stated value of an investment becomes due and payable.

Negotiable Certificates of Deposit: A CD with a very large denomination, usually $1 million or more, that can be traded in secondary markets.

Par Value: The nominal dollar face amount of a security.

Pass-through Security: A security representing pooled debt obligations that passes income from debtors to its shareholders. The most common type is the mortgage-backed security.
55 ATTACHMENT A
73 © PFM Asset Management LLC pfmam.com

CITY OF STOCKTON
For the Quarter Ended September 30, 2024
Appendix
|
Glossary
Repurchase Agreements: A holder of securities sells these securities to an investor with an agreement to repurchase them at a fixed price on a fixed date.

Settle Date: The date on which the transaction is settled and monies/securities are exchanged. If the settle date of the transaction (i.e., coupon payments and maturity proceeds) occurs on a non-business day, the funds are exchanged on the next business day.

Supranational: A multinational union or association in which member countries cede authority and sovereignty on at least some internal matters to the group, whose decisions are binding on its members.

Trade Date: The date on which the transaction occurred; however, the final consummation of the security transaction and payment has not yet taken place.

Unsettled Trade: A trade which has been executed; however, the final consummation of the security transaction and payment has not yet taken place.

U.S. Treasury: The department of the U.S. government that issues Treasury securities.

Yield: The rate of return based on the current market value, the annual interest receipts, maturity value, and the time period remaining until maturity, stated as a percentage on an annualized basis.

YTM at Cost: The yield to maturity at cost is the expected rate of return based on the original cost, the annual interest receipts, maturity value, and the time period from purchase date to maturity, stated as a percentage on an annualized basis.

YTM at Market: The yield to maturity at market is the rate of return based on the current market value, the annual interest receipts, maturity value, and the time period remaining until maturity, stated as a percentage on an annualized basis. 56 ATTACHMENT A
74 INVESTMENT REPORT
City of Stockton | As of September 30, 2024
CHANDLER ASSET MANAGEMENT | chandlerasset.com
Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement. 57 ATTACHMENT A
75 TABLE OF CONTENTS
City of Stockton | As of September 30, 2024

ECONOMIC UPDATE

ACCOUNT PROFILE

CONSOLIDATED INFORMATION

PORTFOLIO HOLDINGS

TRANSACTIONS
58 ATTACHMENT A
76 ECONOMIC UPDATE
59 ATTACHMENT A
77 


Recent economic data suggests positive but slower growth this year fueled by consumer spending. While the consumer has been resilient, declining savings rates, growing credit card debt, higher delinquencies, and a moderating labor market pose potential headwinds to future economic growth. Inflationary trends are subsiding, but core levels remain above the Fed’s target. The labor market is showing signs of cooling, reflecting an improved balance between supply and demand for workers. Given the cumulative effects of restrictive monetary policy and tighter financial conditions, we believe the economy will gradually soften and the Fed will continue to lower rates at a measured pace through this year with the ability to move more aggressively should the employment data warrant.

The Federal Open Market Committee (FOMC) delivered the first rate cut of the easing cycle with a 50 basis point cut at the September meeting. Although a reduction in the Fed Funds Rate was widely anticipated, the magnitude was somewhat of a surprise, as market participants were split between whether theFOMC would cut by 25 basis points or 50 basis points. Chair Jerome Powell reiterated previous statements acknowledging that monetary policy has shifted into a more balanced approach addressing price stability and full employment in tandem. The Fed released the quarterly Summary of Economic Projections (SEP) which now forecasts a substantially lower median Fed Funds Rate expectation among Fed Governors in 2025 due to lower inflation expectations and a higher projected unemploymentrate. We believe the Fed will continue to lower rates at a measured pace through this year with the ability to move more aggressively should the employment data warrant.

The US Treasury yield curve shifted lower in September following the 50 basis points rate cut by the FOMC mid-month. The 2-year Treasury yield fell 28 basis points to 3.64%, the 5-year Treasury dropped15 basis points to 3.56%, and the 10-year Treasury yield declined 12 basis points to 3.78%. The 2-year and 10-year Treasury yield points on the curve began to normalize to +14 basis points at Septembermonth-end versus -2 basis points at August month-end. The spread between the 2-year Treasury and 10-year Treasury yield one year ago was -47 basis points. The inversion between 3-month and 10-year Treasuries ended the month of September at -85 basis points.

ECONOMIC UPDATE
60 ATTACHMENT A
78 -400
-200
0 200
400
600
800
1,000MOM Change In Thousands (000's)
Nonfarm Payroll (000's)
Non-farm Payroll (000's)
3-month average (000's)

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
Rate (%)
The U.S. economy added 254,000 jobs in September,well above expectations of 150,000. The three-monthmoving average and six-month moving average payrolls continued to trend weaker to 186,000 and 167,000 respectively. The unemployment rate declined to 4.1% in September, and the labor participation rate remained at 62.7%, remaining below the pre-pandemic level of 63.3%. The U-6 underemployment rate, which includes those who are marginally attached to the labor force and employed part time for economic reasons declined to 7.7% from 7.9%. Average hourly earnings rose 4.0% year-over-year in September. U.S. labor market data from September surprised to the upside, with strong job growth and a sharper-than-expected drop in unemployment, suggesting the economy may be more resilient than anticipated. The Federal Reserve’s view is that there has been “substantial” progress towards better balance in the labor market between demand and supply for workers.

Source: US Department of Labor Source: US Department of Labor

EMPLOYMENT
61 ATTACHMENT A
79 0
2,000
4,000
6,000
8,000
10,000
12,000
14,000
Job Openings
Recession
Historical Average
In Thousands (000's)
The Labor Department’s Job Opening s and Labor Turnover Survey (JOLTS) increased to 8.04 million job openings in August from an upwardly revised 7.71 million in July. Job openings have increased to a ratio of 1.13 jobs for each unemployed individual. The quits rate, an indicator of job availability, declined to 1.9% from downwardly revised 2.0% in July. That is the lowest level since 2020. While the current level of job openings remains elevated from a historical perspective, the trend is decelerating.

Source: US Department of Labor

JOB OPENINGS & LABOR TURNOVER SURVEY
62 ATTACHMENT A
80 0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
Consumer Price Index (CPI)
CPI YOY % Change
Core CPI YOY % Change
YOY (%) Change

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%

7.0%

8.0%

9.0%

10.0%
Personal Consumption Expenditures (PCE)
PCE Price Deflator YOY % Change
PCE Cor e Deflator Y OY % Change
Fed Target
YOY (%) Change
In September, the Consum er Price Index (CPI) rose 0.2% month-over-monthand 2.4% year-over-year, down from 2.5% in August, but slightly higher than expected. The Core CPI, which excludes volatile food and energy components, rose by 0.3% month-over-monthand

3.3% year-over-year, also exceeding consensus forecasts. The Personal Consumption Expenditures (PCE) Index rose 0.1% from the previous month and 2.2% year-over-year in August. The Core PCE deflator (the Fed’s preferred gauge) increased 0.1% month-over-month and 2.7% over the past year, still above the Fed’s 2% inflation target. Much of the lingering inflation has been driven by shelter costs and demand for services, but recent data provide confirmation that inflation is moderating.

Source: US Department of Labor Source: US Department of Commerce

INFLATION
63 ATTACHMENT A
81 -30.0%
-20.0%
-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%
Retail Sales YOY % Change
YOY (%) Change
Retail Sales grew more than ex pected month-over-monthin September at 0.4% after growth of 0.1% in August. On a year-over-year basis, Retail Sales grew 1.7% in Septemberversus 2.2% in August. Control-groupsales, which are used to calculate gross domestic product,rose

0.7% month-over-monthin September after last month’s increase of 0.3%. Apparel, grocery stores, and miscellaneous store retailers led the advance, while gas station sales fell reflecting lower gas prices. The Conference Board’s Consumer Confidence Index for September came in below expectations, contracting to 98.7 after an upward revision to 105.6 in August. The decline reflects recent softening in labor market conditions, and less optimism about the job market and income growth. While the consumer has been resilient, declining savings rates, growing credit card debt, higher delinquencies, and a moderating labor market pose potential risks to future spending. 0 20
40 60
80 100
120
140
160
Index Level
Consumer Confidence
Recession
Source: US Department of Commerce Source: The Conference Board All time high is 144.70 (1/31/00); All time low is 25.30 (2/28/09)

CONSUMER
64 ATTACHMENT A
82 -25.0%
-20.0%
-15.0%
-10.0%
-5.0%

0.0%

5.0%

10.0%

15.0%
Leading Economic Indicators (LEI)
Recession
YOY (%) Change
-1.00
-0.75
-0.50
-0.25

0.00 0.25

0.50 0.75

1.00 Chicago Fed National Activity Index (CFNAI)
Recession
3 Month Average
The Conference Board’ s Leading Economic Index (LEI) remained in negative territory at -0.2% in August, improving from -0.6% in July. The index dropped 5.0% year-over-year. The improvementcan be attributed to a decrease in the yield curve inversion, an increase in building permits, and stock market performance. The Chicago Fed National Activity Index (CFNAI) increased to 0.12 in August from a downwardly revised -0.42 in July, which was above consensus expectations. The three-month moving average fell to -0.17 in August from -0.13 in July, indicating below-trend growth expectations for the economy.

Source: The Conference Board Source: Federal Reserve Bank of Chicago

LEADING INDICATORS OF ECONOMIC ACTIVITY
65 ATTACHMENT A
83 0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400In Thousands of Units
Annualized Housing Starts
Multi Family Housing Starts
Single Family Housing Starts
Housing starts surprised to the downside in September,declining -0.5% month-over-monthto 1.354 million units after an increase of 7.8% in August. The decline can be attributed to a drop in multi-family housing projects. Total starts were down 0.7% year-over-year. The Freddie Mac average rate for a 30-year fixed mortgage dropped to 6.18% in September from 6.44% in August. According to the Case- Shiller 20-City Home Price Index, housing prices rose 5.9% year-over-year in July, decelerating from 6.5% reported in the previous month.

Although the trend is gradually improving, tight inventories and higher mortgage rates continue to impact affordability.

Source: US Department of Commerce Source: S&P
-20.0%
-16.0%
-12.0%
-8.0%
-4.0%

0.0%

4.0%

8.0%

12.0%

16.0%

20.0%

24.0%
S&P/Case-Shiller 20 City Composite Home Price Index
Recession
YOY (%) Change

HOUSING
66 ATTACHMENT A
84 40
45 50
55 60
65 70
Institute of Supply Management (ISM) Surveys
ISM Manufacturing ISM Services

EXPANDING

CONTRACTING
The Institute for Supply Management (ISM) Manufacturing index contracted at a slower rate of 47.2 in September compared to 47.5 in August. Demand remains subdued and companies are continuing to reduce head counts through layoffs, attrition and hiring freezes. The ISM Services Index increased to 54.9 in September, increasing from 51.7 in August, due to stronger production and neworders. A reading over 50 indicates expansion, while a reading under 50 indicates contraction.

Source: Institute for Supply Management

SURVEY BASED MEASURES
67 ATTACHMENT A
85 Components of GDP 9/23 12/23 3/24 6/24

1. 7% 2.3% 1.3% 1.9%

1.8% 0.2% 0.6% 1.5%
-0.1% 0.1% -0.6% -0.9%

0.3% 0.0% 0.0% 0.3%

0.6% 0.6% 0.3% 0.3%

4.4% 3.2% 1.6% 3.0%
State and Local (Consumption and Gross
Investment)
Personal Consumption Expenditures
Gross Private Domestic Investment
Net Exports and Imports
Federal Government Expenditures
Total
-40.0%
-30.0%
-20.0%
-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%
Gross Domestic Product (GDP)
GDP QOQ % Change
GDP YOY % Change
Source: US Department of Commerce Source: US Department of Commerce According to the third esti mate, second quarter GDP increased at an annualized rate of 3.0%, unchanged from the prior estimate. Growth continues to be powered by personal consumption expenditures. Gross fixed investment, government consumption expenditures, and inventories also had positive contributions, with a negative offset by net exports. The consensus projection calls for 2.0% growth in the third quarter and 2.6% growth for the full year 2024.

GROSS DOMESTIC PRODUCT (GDP)
68 ATTACHMENT A
86 Source: Federal Reserve Source: Bloomberg
0 1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
Federal Reserve Balance Sheet Assets
Recession
In $ millions
The Federal Open Market Committee (FOMC) delivered the first rate cut of the easing cycle at the September meeting. Although a reduction in the Fed Funds Rate was widely anticipated, the magnitude was somewhat of a surprise, as market participants were split between whether the FOMC would cut by 25 basis points or 50 basis points. Chair Jerome Powell reiterated previous statements acknowledging that monetary policy has shifted into a more balanced approach addressing price stability and full employment in tandem.

The Fed released the quarterly Summary of Economic Projections (SEP) which now forecasts a substantially lower median Fed Funds Rate expectation among Fed Governors in 2025 to 3.1 – 3.6%. The Fed continues to reduce its holdings of U.S. Treasury securities and agency mortgage-backed securities as per its predefined schedule of $25 billion and $35 billion per month. Since the Fed began its Quantitative Tightening campaign in June 2022, securities holdings have declined by approximately $1.8T to approximately $7.1T.

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%
Effective Federal Funds Rate
Recession
Yield (%)

FEDERAL RESERVE
69 ATTACHMENT A
87 Source: Bloomberg Source: Bloomberg

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%
US Treasury Note Yields
2-Year
5-Year
10-Year
Yield (%)

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%
US Treasury Yield Curve
Sep-24
Jun-24
Sep-23
Yield (%)
At the end of September,the 2-year Treasury yield was 140 basis points lower, and the 10-Year Treasury yield was 79 basis points lower, year-over-year. The 2-year and 10-year Treasury yield points on the curve began to normalize to +14 basis points at Septembermonth-end versus -2 basis points at August month-end. The yield curve inversion which began in July 2022 was historically long. The average historical spread (since 2003) is about +110 basis points. The inversion between 3-month and 10-year Treasuries tightened to -85 basis points in September from -121 basis points in August.

BOND YIELDS
70 ATTACHMENT A
88 ACCOUNT PROFILE
71 ATTACHMENT A
89 OBJECTIVES
City of Stockton | As of September 30, 2024
Investment Objectives
Safety of principal is the foremost objective of the investment program. The investment portfolio shall remain sufficiently liquid to meet all requirements that may be reasonably anticipated. The investment portfolio shall be designed with the objective of attaining a market rate of return throughout budgetary and econmic cycles, taking into account the investment risk constraints and liquidity needs.

Chandler Asset Management Performance Objective
The performance objective for the portfolio is to earn a total rate of return through a market cycle that is equal to or above the return on the benchmark index.

Strategy
In order to achieve this objective, the portfolio invests in high-quality fixed income securities that comply with the investment policy and all regulations governing the funds. 72 ATTACHMENT A
90 STATEMENT OF COMPLIANCE
City of Stockton Reserve | Account #10020 | As of September 30, 2024 Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV) 20.0 2.3 Compliant
Max % Issuer (MV; Agencies & Agency CMOs) 20.0 8.6 Compliant Max Maturity (Years) 10.0 3.7 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV; Non Agency ABS & MBS) 20.0 5.7 Compliant
Max % Issuer (MV) 5.0 1.5 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA by 1) 0.0 0.0 Compliant

BANKERS' ACCEPTANCES
Max % (MV) 40.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 180 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CERTIFICATE OF DEPOSIT PLACEMENT SERVICE
(CDARS)
Max % (MV) 20.0 0.0 Compliant
Max Maturity (Years) 0.0 0.0 Compliant

COLLATERALIZED TIME DEPOSITS (NON-

NEGOTIABLE CD/TD)
Max % (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant

COMMERCIAL PAPER
Max % (MV) 40.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 270 0.0 Compliant
Min Rati
ng (A-1 by 1 or A- by 1) 0.0 0.0 Compliant

CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 25.3 Compliant
Max % Issuer (MV) 5.0 1.4 Compliant
73 ATTACHMENT A
91 STATEMENT OF COMPLIANCE
City of Stockton Reserve | Account #10020 | As of September 30, 2024 Rules Name Limit Actual Compliance
Status Notes
Max Maturity (Years) 5 4 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

FDIC INSURED TIME DEPOSITS (NON-NEGOTIABLE
CD/TD)
Max % (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant

FEDERAL AGENCIES
Max % (MV) 100.0 22.3 Compliant
Max % Issuer (MV; Agencies & Agency CMOs) 100.0 8.6 Compliant Max Callables (MV) 20.0 0.7 Compliant
Max Maturity (Years) 10 9 Compliant

LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV) 75.0 0.0 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 0.2 Compliant
Max % Issuer (MV) 20.0 0.2 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant

MORTGAGE -BACKED SECURITIES (NON-AGENCY)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (AA by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, LOCAL AGENCY)
Max % (MV) 30.0 0.7 Compliant
Max % Issuer (MV) 5.0 0.3 Compliant
Max Maturity (Years) 10 0.0 Compl iant
Min Rating (A- by 1) 0.0 0.0 Compliant

MUNICIPAL SECURITIES (CA, OTHER STATES)
Max % (MV) 30.0 0.7 Compliant
Max % Issuer (MV) 5.0 0.5 Compliant
74 ATTACHMENT A
92 STATEMENT OF COMPLIANCE
City of Stockton Reserve | Account #10020 | As of September 30, 2024 Rules Name Limit Actual Compliance
Status Notes
Max Maturity (Years) 10 1 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant

NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)
Max % (MV) 30.0 1.8 Compliant
Max % Issuer (MV) 5.0 1.9 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1 if > FDIC Limit) 0.0 0.0 Compliant

REPURCHASE AGREEMENTS
Max Maturity (Years) 1.0 0.0 Compliant

SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 10.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (MV) 100.0 41.0 Compliant
Max Maturity (Years) 10 8 Compliant
75 ATTACHMENT A
93 PORTFOLIO CHARACTERISTICS
City of Stockton Reserve | Account #10020 | As of September 30, 2024 Benchmark* 9/30/2024
Portfolio
6/30/2024
Portfolio
Average Maturity (yrs) 2.70 3.14 3.02
Average Modified Duration 2.52 2.68 2.58
Average Purchase Yield 2.99% 2.76%
Average Market Yield 3.72% 4.01% 4.96%
Average Quality** AA+ AA AA
Total Market Value 334,796,278 324,199,869
*Benchmark: ICE BofA 1-5 Year Gov/Corp A or better
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 76 ATTACHMENT A
94 SECTOR DISTRIBUTION
City of Stockton Reserve | Account #10020 | As of September 30, 2024 Sector as a Percentage of Market Value
Sector 09/30/2024 06/30/2024
US Treasury 41.01% 39.48%
Corporate 25.26% 25.19%
Agency 22.32% 22.58%
ABS 5.70% 5.27%
Agency CMBS 2.27% 2.28%
Neg CD 1.81% 1.86%
Muni Bonds 1.43% 1.87%
Money Mkt Fd 0.20% 0.18%
Supras -- 1.29%
77 ATTACHMENT A
95 ISSUERS
City of Stockton Reserve | Account #10020 | As of September 30, 2024 Issuer Investment Type % Portfolio
United States US Treasury 41.01%
FNMA Agency 8.66%
Farm Credit System Agency 5.92%
Federal Home Loan Banks Agency 5.21%
FHLMC Agency CMBS 2.27%
Westpac Banking Corporation Neg CD 1.81%
FHLMC Agency 1.70%
Chase Issuance Trust ABS 1.51%
Toyota Motor Corporation Corporate 1.34%
Bank of America Corporation Corporate 1.33%
Deere & Company Corporate 1.32%
John Deere Owner Trust ABS 1.28%
Caterpillar Inc. Corporate 1.24%
The Home Depot, Inc. Corporate 1.24%
Morgan Stanley Corporate 1.19%
Visa Inc. Corporate 1.17%
UnitedHealth Group Incorporated Corporate 1.15%
PACCAR Inc Corporate 1.11%
Novartis AG Corporate 1.09%
The Charles Schwab Corporation Corporate 1.01%
Cisco Systems, Inc. Corporate 0.93%
Mastercard Incorporated Corporate 0.93%
Massachusetts Mutual Life Insurance Corporate 0.92%
National Rural Utilities Cooperative Corporate 0.91%
Prologis, Inc. Corporate 0.88%
JPMorgan Chase & Co. Corporate 0.88%
Tennessee Valley Authority Agency 0.82%
Microsoft Corporation Corporate 0.80%
Amazon.com, Inc. Corporate 0.76%
State Street Corporation Corporate 0.74%
78 ATTACHMENT A
96 ISSUERS
City of Stockton Reserve | Account #10020 | As of September 30, 2024 Issuer Investment Type % Portfolio
Eli Lilly and Company Corporate 0.69%
Northern Trust Corporation Corporate 0.66%
BMW Vehicle Owner Trust ABS 0.63%
Honda Auto Receivables 2024-3 Owner ABS 0.62%
Target Corporation Corporate 0.62%
Merck & Co., Inc. Corporate 0.61%
PepsiCo, Inc. Corporate 0.60%
Honeywell International Inc. Corporate 0.59%
Florida Hurricane Catastrophe Fund F Muni Bonds 0.55%
The Goldman Sachs Group, Inc. Corporate 0.54%
Bank of America Credit Card Trust ABS 0.50%
American Express Credit Master Trust ABS 0.39%
Honda Auto Receivables Owner Trust ABS 0.32%
Los Angeles Community College Distri Muni Bonds 0.28%
Hyundai Auto Receivables Trust 2024- ABS 0.28%
University of California Muni Bonds 0.22%
Federated Hermes, Inc. Money Mkt Fd 0.20%
California State University Muni Bonds 0.19%
State of New Jersey Muni Bonds 0.16%
BMW Vehicle Lease Trust ABS 0.07%
Toyota Auto Receivables Owner Trust ABS 0.05%
Hyundai Auto Receivables Trust ABS 0.03%
State of California Muni Bonds 0.02%
CarMax Auto Owner Trust ABS 0.02%
Cash Cash 0.01%
TOTAL 100.00%
79 ATTACHMENT A
97 QUALITY DISTRIBUTION
Rating 09/30/2024 06/30/2024
AAA 6.3% 8.2%
AA 71.8% 71.9%
A 19.1% 17.7%
BBB 0.5% 0.6%
NR 2.2% 1.6%
Rating 09/30/2024 06/30/2024
AAA 71.9% 71.9%
AA 5.1% 6.7%
A 20.6% 19.2%
NR 2.4% 2.2%
Rating 09/30/2024 06/30/2024
AAA 7.1% 6.5%
AA 69.8% 69.8%
A 12.0% 11.4%
NR 11.1% 12.4%
City of Stockton Reserve | Account #10020 | As of September 30, 2024 S&P Rating Moody’s Rating Fitch Rating
80 ATTACHMENT A
98 0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+
Portfolio 1.3% 7.0% 16.5% 25.5% 7.8% 14.3% 14.1% 8.3% 5.2% ICE BofA 1-5 Year Gov/Corp A or better 0.1% 0.1% 2.2% 34.6% 27.1% 23.2% 12.8% 0.0% 0.0%

DURATION DISTRIBUTION
City of Stockton Reserve | Account #10020 | As of September 30, 2024 Portfolio Compared to the Benchmark
81 ATTACHMENT A
99 3 Months 12 Months 2 Years 3 Years 5 Years 10 Years Since Inception

TOTAL RATE OF RETURN
City of Stockton Reserve 3.28% 7.86% 5.08% 3.48%
ICE BofA 1-5 Year Gov/Corp A or better 3.41% 7.66% 4.94% 3.10% ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index 3.37% 7.44% 4.75% 2.96% Basis Point Fee* 0.01% 0.04% 0.04% 0.04%
Net of Fees 3.27% 7.83% 5.04% 3.44%
3 Months 12 Months 2 Years 3 Years 5 Years 10 Years Since Inception*

MARKET VALUE BASIS EARNINGS
Income Earned 6,449,629 8,151,113 13,071,174 14,052,543 14,052,543 24,836,189 26,825,360 Change in Market Value 24,034,793 55,719,533 48,679,138 48,679,138 209,206,141 274,741,010 TOTAL DOLLAR RETURN 31,954,068 345,966,638 345,966,638 345,966,638 345,966,638 345,966,638

INVESTMENT PERFORMANCE
City of Stockton Reserve | Account #10020 | As of September 30, 2024 Total and Realized Rate of Return : Inception | 08/01/2022 *Periods over 1 year are annualized.

Total rate of return: A measure of a portfolio’s performance over time. It is the internal rate of return, which equates the beginning value of the portfolio with the ending market value; it includes interest earnings, realized and unrealized gains and losses in the portfolio. Realized rate of return: A measure of a portfolio’s return over time. It is the internal rate which equates the beginning book value of the portfolio with the ending book value; it includes interest earnings, realized gains and losses in the portfolio. 82 ATTACHMENT A
100

HISTORICAL AVERAGE PURCHASE YIELD
City of Stockton Reserve | Account #10020 | As of September 30, 2024 Purchase Yield as of
09/30/24 = 2.99%
83 ATTACHMENT A
101

PORTFOLIO CHARACTERISTICS
City of Stockton Enhanced Cash | Account #11194 | As of September 30, 2024 Benchmark* 9/30/2024
Portfolio
6/30/2024
Portfolio
Average Maturity (yrs) 0.16 0.09 0.24
Average Modified Duration 0.16 0.08 0.23
Average Purchase Yield 5.22% 5.41%
Average Market Yield 4.74% 4.84% 5.37%
Average Quality** AA+ AAA AAA
Total Market Value 30,615,901 30,193,707
*Benchmark: ICE BofA 3-Month US Treasury Bill Index
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 84 ATTACHMENT A
102

SECTOR DISTRIBUTION
City of Stockton Enhanced Cash | Account #11194 | As of September 30, 2024 Sector as a Percentage of Market Value
Sector 09/30/2024 06/30/2024
US Treasury 69.46% 35.67%
Comm Paper 22.90% 39.74%
Neg CD 7.60% 24.52%
85 ATTACHMENT A
103

ISSUERS
City of Stockton Enhanced Cash | Account #11194 | As of September 30, 2024 Issuer Investment Type % Portfolio
United States US Treasury 69.46%
Mitsubishi UFJ Financial Group, Inc. Comm Paper 22.90%
The Bank of Nova Scotia Neg CD 7.60%
Federated Hermes, Inc. Money Mkt Fd 0.03%
Cash Cash 0.01%
TOTAL 100.00%
86 ATTACHMENT A
104

QUALITY DISTRIBUTION
Rating 09/30/2024 06/30/2024
AAA 69.2% 69.2%
A 30.8% 30.8%
Rating 09/30/2024 06/30/2024
AAA 100.0% 100.0%
Rating 09/30/2024 06/30/2024
AAA 77.2% 60.7%
NR 22.8% 39.3%
City of Stockton Enhanced Cash | Account #11194 | As of September 30, 2024 S&P Rating Moody’s Rating Fitch Rating
87 ATTACHMENT A
105
0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+
Portfolio 100.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% ICE BofA 3-Month US Treasury Bill Index 100.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

DURATION DISTRIBUTION
City of Stockton Enhanced Cash | Account #11194 | As of September 30, 2024 Portfolio Compared to the Benchmark
88 ATTACHMENT A
106

CONSOLIDATED INFORMATION
89 ATTACHMENT A
107

PORTFOLIO CHARACTERISTICS
City of Stockton ConsAgg | Account #10021 | As of September 30, 2024 9/30/2024
Portfolio
6/30/2024
Portfolio
Average Maturity (yrs) 2.88 2.79
Average Modified Duration 2.46 2.38
Average Purchase Yield 3.18% 2.99%
Average Market Yield 4.08% 4.99%
Average Quality** AA AA
Total Market Value 365,412,180 354,393,576
*Benchmark: NO BENCHMARK REQUIRED
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 90 ATTACHMENT A
108

SECTOR DISTRIBUTION
City of Stockton ConsAgg | Account #10021 | As of September 30, 2024 Sector as a Percentage of Market Value
Sector 09/30/2024 06/30/2024
US Treasury 43.39% 39.16%
Corporate 23.14% 23.05%
Agency 20.45% 20.66%
ABS 5.22% 4.82%
Neg CD 2.29% 3.78%
Agency CMBS 2.08% 2.09%
Comm Paper 1.92% 3.37%
Muni Bonds 1.31% 1.71%
Money Mkt Fd 0.19% 0.17%
Supras -- 1.18%
91 ATTACHMENT A
109

PORTFOLIO HOLDINGS
92 ATTACHMENT A
110

HOLDINGS REPORT
City of Stockton Reserve | Account #10020 | As of September 30, 2024 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
ABS
05593AAC3 BMWLT 2023-1 A3 5.16
11/25/2025 243,175.03 02/07/2023

5.43%
243,169.24
243,172.64
100.08

4.88%
243,375.73
209.13

0.07%
203.09
Aaa/AAA
NA

1.15 0.25
89239BAC5 TAOT 2021-C A3 0.43 01/15/2026 183,844.84 09/27/2021

0.43%
183,830.19
183,841.19

99.14 4.95%
182,263.39

35.13 0.05%
(1,577.80)
Aaa/AAA
NA

1.29 0.19
14314QAC8 CARMX 2021-2 A3 0.52
02/17/2026 54,962.08 04/21/2021

0.53%
54,950.23
54,959.91

99.62 5.41%
54,755.86

12.70 0.02%
(204.06)
NA/AAA
AAA

1.38 0.08
44935FAD6 HART 2021-C A3 0.74 05/15/2026 116,406.81 11/17/2021

0.75%
116,380.82
116,398.89

99.08 5.23%
115,334.79

38.28 0.03%
(1,064.10)
NA/AAA
AAA

1.62 0.20
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 610,000.00 07/11/2023

5.47%
609,891.91
609,920.23
101.24

4.43%
617,561.01
556.12

0.19%
7,640.78
NA/AAA
AAA

3.41 1.12
477920AC6 JDOT 2023-B A3 5.18 03/15/2028 1,085,000.00 06/21/2023

5.51%
1,084,819.02
1,084,
867.47
101.16

4.41%
1,097,577.21
2,497.91

0.33%
12,709.74
Aaa/NA
AAA

3.46 1.40
02582JJZ4 AMXCA 2023-1 A 4.87 05/15/2026 1,270,000.00 06/07/2023

4.87%
1,269,887.35
1,269,919.34
101.19

4.14%
1,285,173.58
2,748.84

0.39%
15,254.24
NA/AAA
AAA

1.62 1.53
47787CAC7 JDOT 2023-C A3 5.48 05/15/2028
3,105,
000.00 09/12/2023

5.40%
3,104,786.69
3,104,834.12
101.66

4.46%
3,156,543.31
7,562.40

0.95%
51,709.19
Aaa/NA
AAA

3.62 1.52
438123AC5 HAROT 2023-4 A3 5.67
06/21/2028 1,050,000.00 11/01/2023

5.74%
1,049,815.10
1,049,851.05
102.32

4.18%
1,074,397.07
1,653.75

0.32%
24,546.01
Aaa/NA
AAA

3.73 1.47
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 4,915,000.00 --

5.13%
4,920,147.11
4,918,533.71
102.17

4.04%
5,021,677.13
11,271.73

1.51%
103,143.42
NR/AAA
AAA

3.96 1.82
096919AD7 BMWOT 2024-A A3 5.18
02/26/2029 1,445,000.00 06/04/2024

5.24%
1,444,780.51
1,444,794.79
102.19

4.05%
1,476,678.30
1,247.52

0.44%
31,883.51
Aaa/AAA
NA

4.41 1.84
44934QAD3 HART 2024-B A3 4.84 03/15/2029 910,000.00 07/16/2024

4.90%
909,862.68
909,868.27
101.71

4.12%
925,524.96
1,957.51

0.28%
15,656.69
NA/AAA
AAA

4.45 2.19
43813YAC6 HAROT 2024-3 A3 4.57
0 3/21/2029 2,040,000.00 08/09/2024

4.62%
2,039,679.52
2,039,687.37
100.97

4.15%
2,059,704.77
2,589.67

0.62%
20,017.39
Aaa/NA
AAA

4.47 2.07
05522RDJ4 BACCT 2024-1 A 4.93 03/15/2029 1,635,000.00 06/06/2024

4.93%
1,634,908.28
1,634,914.09
102.32

4.03%
1,672,948.84
3,582.47

0.50%
38,034.75
Aaa/AAA
NA

4.45 2.41
Total ABS 18,663,388.76 5.07%
18,666,908.66
18,665,563.09
101.72

4.20%
18,983,515.95
35,963.17

5.70%
317,952.86
Aaa/AAA
AAA

3.76 1.73
AGENCY
93 ATTACHMENT A
111

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3130AJHU6 FEDERAL HOME LOAN BANKS 0.5
04/14/2025 2,460,000.00 04/15/2020

0.60%
2,447,798.40
2,458,695.55

97.98 4.36%
2,410,259.00
5,705.83

0.72%
(48,436.56)
Aaa/AA+
AA+

0.54 0.52
3135G03U5 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.625 04/22/2025 10,880,000.00 --

0.63%
10,879,060.80
10,879,913.11

97.98 4.33%
10,660,044.81
30,033.33

3.20%
(219,868.30)
Aaa/AA+
AA+

0.56 0.54
3135G04Z3 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.5 06/17/2025 6,642,500.00 06/17/2020

0.54%
6,628,750.02
6,640,549.70

97.43 4.20%
6,471,992.21
9,594.72

1.94%
(168,557.50)
Aaa/AA+
AA+

0.71 0.70
3137EAEU9 FEDERAL HOME LOAN MORTGAGE
CORP 0.375 07/21/2025 2,310,000.00 07/21/2020

0.48%
2,298,496.20
2,308,152.08

97.12 4.04%
2,243,583.67
1,684.38

0.67%
(64,568.41)
Aaa/AA+
AA+

0.80 0.79
3135G05X7 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.375 08/25/2025 3,995,000.00 08/25/2020

0.47%
3,976,303.40
3,991,641.57

96.87 3.95%
3,869,774.69
1,498.13

1.16%
(121,866.89)
Aaa/AA+
AA+

0.90 0.88
3137EAEX3 FEDERAL HOME LOAN MORTGAGE
CORP 0.375 09/23/2025 3,545,000.00 09/23/2020

0.44%
3,
534,329.55
3,542,911.54

96.53 4.03%
3,422,108.43
295.42

1.03%
(120,803.11)
Aaa/AA+
AA+

0.98 0.96
3133EMBH4 FEDERAL FARM CREDIT BANKS
FUNDING CORP 0.53 09/29/2025 2,265,000.00 10/07/2020

0.57%
2,261,036.25
2,264,207.69

96.60 4.05%
2,188,070.32

66.69 0.66%
(76,137.37)
Aaa/AA+
AA+

1.00 0.97
3135G06G3 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.5 11/07/2025
8,145,
000.00 --

0.54%
8,127,104.90
8,141,054.39

96.23 4.04%
7,837,667.16
16,290.00

2.35%
(303,387.23)
Aaa/AA+
AA+

1.10 1.07
3130ATS57 FEDERAL HOME LOAN BANKS 4.5
03/10/2028 4,100,000.00 03/28/2023

3.89%
4,211,028.00
4,177,130.07
102.91

3.59%
4,219,410.66
10,762.50

1.27%
42,280.58
Aaa/AA+
AA+

3.44 3.17
3133ERDH1 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.75 04/30/2029 2,500,000.00 04/29/2024

4.70%
2,505,075.00
2,504,646.99
104.80

3.60%
2,619,981.95
49,809.03

0.79%
115,334.96
Aaa/AA+
AA+

4.58 4.03
3130B1BC0 FEDERAL HOME LOAN BANKS

4.625 06/08/2029 1,900,000.00 07/30/2024

4.10%
1,943,358.00
1,941,841.82
104.30

3.62%
1,981,654.93
36,126.39

0.60%
39,813.12
Aaa/AA+
AA+

4.69 4.13
3133EN7B0 FEDERAL FARM CREDIT BANKS
FUNDING CORP 3.75 01/25/2030 3,000,000.00 01/20/2023

3.83%
2,985,090.00
2,988,676.10
100.55

3.63%
3,016,600.71
20,625.00

0.91%
27,924.61
Aaa/AA+
AA+

5.32 4.75
3133
EN4V9 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.125 09/23/2030 2,100,000.00 12/22/2022

4.22%
2,087,505.00
2,090,351.41
101.52

3.84%
2,131,871.91
1,925.00

0.64%
41,520.50
Aaa/AA+
AA+

5.98 5.26
3133ENQ45 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.25 09/30/2030 875,000.00 11/30/2022

4.40%
866,250.00
868,302.17
102.74

3.74%
898,939.73
103.30

0.27%
30,637.56
Aaa/AA+
AA+

6.00 5.27
880591EX6 TENNESSEE VALLEY AUTHORITY

1.5 09/15/2031 1,003,000.00 01/23/2023

4.03%
818,959.53
854,881.25

85.79 3.85%
860,439.38
668.67

0.26%
5,558.13
Aaa/AA+
AA+

6.96 6.47
3133EN
FQ8 FEDERAL FARM CREDIT BANKS
FUNDING CORP 1.81 12/01/2031 2,303,000.00 01/25/2023

3.94%
1,939,056.91
2,008,218.49

86.79 3.94%
1,998,726.74
13,894.77

0.60%
(9,491.75)
Aaa/AA+
AA+

7.17 6.54
3133ENGS3 FEDERAL FARM CREDIT BANKS
FUNDING CORP 1.625 12/09/2031 4,500,000.00 02/24/2023

4.35%
3,613,410.00
3,774,306.59

85.60 3.94%
3,852,211.95
22,750.00

1.16%
77,905.36
Aaa/AA+
AA+

7.19 6.61
94 ATTACHMENT A
112

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
3133EN6M7 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.0 01/19/2033 3,000,000.00 01/18/2023

3.93%
3,017,490.00
3,014,516.75

99.92 4.01%
2,997,638.16
24,000.00

0.90%
(16,878.59)
Aaa/AA+
AA+

8.30 6.95
3130AV4X7 FEDERAL HOME LOAN BANKS

4.375 03/11/2033 2,500,000.00 05/12/2023

4.04%
2,568,175.00
2,558,579.58
102.59

4.01%
2,564,661.85
6,076.39

0.77%
6,082.27
Aaa/AA+
AA+

8.44 7.01
3130AVWG3 FEDERAL HOME LOAN BANKS 4.0
06/10/2033 6,195,000.00 --

4.40%
5,998,322.75
6,022,308.95

99.69 4.04%
6,175,761.74
76,405.00

1.85%
153,452.78
Aaa/AA+
AA+

8.69 7.19
880591FB3 TENNESSEE VALLEY AUTHORITY

4.375 08/01/2034 1,845,000.00 08/08/2024

4.49%
1,828,561.05
1,828,782.34
101.97

4.13%
1,881,263.14
10,762.50

0.57%
52,480.80
Aaa/AA+
AA+

9.84 7.91
74,535,160.76 97.91 74,302,663.11 22.32% Aaa/AA+ 3.61
Total Agency 76,063,500.00 2.27% 74,859,668.14 4.01% 339,077.04 (557,005.03) AA+ 3.16

AGENCY CMBS
3137F2LJ3 FHMS K-066 A2 3.117 06/25/2027 2,400,000.00 10/20/2022

4.80%
2,234,343.75
2,304,057.42

97.84 3.94%
2,
348,077.92
6,234.00

0.71%
44,020.50
Aaa/AA+
AAA

2.73 2.45
3137FG6X8 FHMS K-077 A2 3.85 05/25/2028 5,245,000.00 05/24/2023

4.24%
5,148,705.08
5,174,947.86

99.59 3.93%
5,223,240.07
16,827.71

1.57%
48,292.21
Aaa/AA+
AAA

3.65 3.28
7,383,048.83

99.04 7,
571,317.99 2.27% Aaa/AA+ 3.37
Total Agency CMBS 7,645,000.00 4.42% 7,479,005.28 3.93% 23,061.71 92,312.71 AAA 3.02 CASH
CCYUSD Receivable 19,002.52 --

0.00%
19,002.52
19,002.52

1.00 0.00%
19,002.52

0.00 0.01%

0.00 Aaa/AAA
AAA

0.00 0.00
19,002.52 1.00 19,002.52 0.01% Aaa/AAA 0.00
Total Cash 19,002.52 0.00% 19,002.52 0.00% 0.00 0.00 AAA 0.00

CORPORATE
24422EVY2 JOHN DEERE CAPITAL CORP 1.25
01/10/2025 2,357,500.00 03/08/2022

2.16%
2,298,067.42
2,351,711.48

99.02 4.86%
2,334,327.66
6,630.47

0.70%
(17,383.82)
A1/A
A+

0.28 0.27
594918BB9 MICROSOFT CORP 2.7 02/12/2025 2,675,000.00 03/04/2021

0.77%
2,863,881.75
2,680,898.17

99.33 4.55%
2,657,134.85
9,830.63

0.80%
(23,763.31)
Aaa/AAA
WR

0.37 0.36
89236TGT6 TOYOTA MOTOR CREDIT CORP 1.8
02/13/2025 1,887,500.00 05/20/2020

1.59%
1,905,940.87
1,888,939.03

98.93 4.77%
1,867,248.92
4,530.00

0.56%
(21,690.11)
A1/A+
A+

0.37 0.36
95 ATTACHMENT A
113

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
66989HAP3 NOVARTIS CAPITAL CORP 1.75
02/14/2025 3,680,000.00 05/08/2020

0.99%
3,809,756.80
3,687,976.85

98.97 4.58%
3,642,034.76
8,407.78

1.09%
(45,942.09)
Aa3/AA-
AA-

0.38 0.36
023135CE4 AMAZON.COM INC 3.0
04/13/2025 2,567,500.00 04/11/2022

3.05%
2,563,417.67
2,566,777.40

99.19 4.55%
2,546,742.30
35,945.00

0.76%
(20,035.10)
A1/AA
AA-

0.53 0.51
38148LAE6 GOLDMAN SACHS GROUP INC

3.75 05/22/2025 1,817,500.00 02/12/2021

0.80%
2,030,474.65
1,838,419.75

99.40 4.71%
1,806,562.99
24,422.66

0.54%
(31,856.75)
A2/BBB+
A

0.64 0.62
438516CB0 HONEYWELL INTERNATIONAL INC

1.35 06/01/2025 2,000,000.00 09/03/2021

0.81%
2,039,160.00
2,006,237.36

98.12 4.24%
1,962,314.64
9,000.00

0.59%
(43,922.72)
A2/A
A

0.67 0.65
63743HFF4

NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORP 5.45
10/30/2025
3,000,000.00 10/31/2022

5.26%
3,015,750.00
3,005,677.49
101.30

4.21%
3,038,885.61
68,579.17

0.91%
33,208.12
A2/A-
A

1.08 1.02
857477BR3 STATE STREET CORP 1.746
02/06/2026 437,500.00 02/02/2022

1.75%
437,500.00
437,50

0.00 98.82

5.27%
432,343.26
1,167.03

0.13%
(5,156.74)
A1/A
AA-

1.35 0.34
06051GKM0 BANK OF AMERICA CORP 3.384
04/02/2026 1,875,000.00 03/17/2022

3.38%
1,875,000.00
1,875,000.00

99.20 5.80%
1,860,015.75
31,548.75

0.56%
(14,984.25)
A1/A-
AA-

1.50 0.48
6174468Q5 MORGAN STANLEY 2.188
04/28/2026 2,200,000.00
08/24/20
22 4.62%
2,072,268.00
2,171,198.66

98.43 6.17%
2,165,548.15
20,457.80

0.65%
(5,650.51)
A1/A-
A+

1.57 0.56
91324PEC2 UNITEDHEALTH GROUP INC 1.15
05/15/2026 4,000,000.00 09/19/2022

4.16%
3,592,560.00
3,819,221.44

95.60 3.97%
3,824,171.72
17,377.78

1.15%
4,950.28
A2/A+
A

1.62 1.57
87612EBM7 TARGET CORP 1.95 01/15/2027 2,140,000.00 --

1.97%
2,137,844.40
2,139,009.25

96.06 3.76%
2,055,674.01
8,809.67

0.62%
(83,335.25)
A2/A
A

2.29 2.20
808513BY0 CHARLES SCHWAB CORP 2.45
03/03/2027 3,500,000.00 01/23/2023

4.35%
3,251,955.00
3,353,789.23

96.04 4.19%
3,361,334.87
6,669.44

1.01%
7,545.64
A2/A-
A

2.42 2.31
665859AW4 NORTHERN TRUST CORP 4.0
05/10/2027 2,200,000.00 08/24/2022

3.93%
2,206,402.00
2,203,493.04
100.16

3.93%
2,203,579.47
34,466.67

0.66%

86.43 A2/A+
A+

2.61 2.34
92826CAH5 VISA INC 2.75 09/15/2027 4,000,000.00 03/27/20 24 4.57%
3,769,760.00
3,803,768.59

97.23 3.75%
3,889,051.64
4,888.89

1.17%
85,283.05
Aa3/AA-
NA

2.96 2.80
74340XBV2 PROLOGIS LP 3.375 12/15/2027 3,000,000.00 01/25/2023

4.28%
2,881,530.00
2,922,260.29

97.96 4.06%
2,938,709.64
29,812.50

0.88%
16,449.35
A3/A
NA

3.21 2.97
24422EWR6 JOHN DEERE CAPITAL CORP 4.75
01/20/2028 2,000,000.00 01/20/2023

4.35%
2,035,920.00
2,023,775.80
102.40

3.97%
2,047,986.34
18,736.11

0.62%
24,210.54
A1/A
A+

3.31 3.01
713448FL7 PEPSICO INC 3.6 02/18/2028 2,000,000.00 04/27/2023

4.00%
1,
964,920.00
1,975,342.17

99.33 3.81%
1,986,667.92
8,600.00

0.60%
11,325.75
A1/A+
NA

3.39 3.14
96 ATTACHMENT A
114

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
57636QAW4 MASTERCARD INC 4.875
03/09/2028 3,000,000.00 06/13/2024

4.50%
3,037,110.00
3,034,156.80
103.30

3.84%
3,099,072.18
8,937.50

0.93%
64,915.38
Aa3/A+
NA

3.44 3.07
61747YER2 MORGAN STANLEY 4.21
04/20/2028 1,800,000.00 07/31/2023

5.39%
1,729,026.00
1,751,378.37

99.80 4.87%
1,796,341.45
33,890.50

0.54%
44,963.08
A1/A-
A+

3.56 2.35
58933YBH7 MERCK & CO INC 4.05 05/17/2028 2,000,000.00 --

4.03%
2,001,621.20
2,001,164.04
100.84

3.80%
2,016,835.22
30,150.00

0.61%
15,671.18
A1/A+
NA

3.63 3.23
46647PAM8 JPMORGAN CHASE & CO 3.509
01/23/2029 3,000,000.00 02/27/2024

5.19%
2,823,480.00
2,850,131.54

97.66 4.61%
2,929,849.35
19,884.33

0.88%
79,717.81
A1/A-
AA-

4.31 3.07
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 3,600,000.00 01/29/2024

4.52%
3,612,132.00
3,610,511.74
102.54

3.95%
3,691,497.46
28,060.00

1.11%
80,985.71
A1/A+
NA

4.34 3.88
857477CN1 STATE STREET CORP 4.53
02/20/2029 2,000,000.00 08/14/2024

4.53%
2,000,000.00
2,000,000.00
101.02

4.56%
2,020,
317.12
10,318.33

0.61%
20,317.12
A1/A
AA-

4.39 3.10
17275RBR2 CISCO SYSTEMS INC 4.85
02/26/2029 3,000,000.00 02/27/2024

4.84%
3,001,560.00
3,001,372.94
103.42

3.99%
3,102,549.66
14,145.83

0.93%
101,176.72
A1/AA-
NA

4.41 3.86
14913UAJ9 CATERPILLAR FINANCIAL SERVICES
CORP 4.85 02/27/2029 4,000,000.00 04/29/2024

5.08%
3,960,640.00
3,964,076.19
103.47

3.98%
4,
138,794.24
18,322.22

1.24%
174,718.05
A2/A
A+

4.41 3.93
06051GLG2 BANK OF AMERICA CORP 5.202
04/25/2029 2,500,000.00 05/28/2024

5.38%
2,484,025.00
2,485,424.35
102.82

4.77%
2,570,517.90
56,355.00

0.77%
85,093.55
A1/A-
AA-

4.57 3.17
89236TMF9 TOYOTA MOTOR CREDIT CORP

5.05 05/16/2029 2,500,000.00 05/28/2024

5.09%
2,495,600.00
2,495,903.36
103.74

4.15%
2,593,537.43
47,343.75

0.78%
97,634.06
A1/A+
A+

4.62 4.03
57629W4T4 MASSMUTUAL GLOBAL FUNDING
II 5.15 05/30/2029 2,950,000.00 05/22/2024

5.17%
2,947,551.50
2,947,717.77
104.14

4.16%
3,072,267.47
51,063.68

0.92%
124,549.70
Aa3/AA+
AA+

4.66 4.06
437076DC3 HOME DEPOT INC 4.75
06/25/2029 4,000,000.00 07/30/2024

4.58%
4,028,360.00
4,027,360.39
103.07

4.03%
4,122,849.68
50,666.67

1.24%
95,489.29
A2/A
A

4.73 4.10
532457CQ9 ELI LILLY AND CO 4.2 08/14/2029 2,290,000.00 08/12/20 24 4.25%
2,284,984.90
2,285,116.73
100.96

3.98%
2,311,934.60
12,556.83

0.69%
26,817.87
A1/A+
NA

4.87 4.28
Total Corporate 83,977,500.00 3.91%
83,158,199.16
83,205,310.25
100.20

4.29%
84,086,698.26
731,574.98

25.26%
881,388.01
A1/A
A+

2.85 2.43

MONEY MARKET
FUND
60934N104 FEDERATED HRMS GV O INST 675,017.49 --

4.83%
675,017.49
675,017.49

1.00 4.83%
675,017.49

0.00 0.20%

0.00 Aaa/AAAm
AAA

0.00 0.00
97 ATTACHMENT A
115

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
Total Money Market
Fund 675,017.49 4.83%
675,017.49
675,017.49

1.00 4.83%
675,017.49

0.00 0.20%

0.00 Aaa/AAAm
AAA

0.00 0.00

MUNICIPAL BONDS
13077DNC2 CALIFORNIA ST UNIV REV 0.685
11/01/2024 625,000.00 08/27/2020

0.68%
625,000.00
625,000.00

99.65 4.94%
622,787.50
1,783.85

0.19%
(2,212.50)
Aa2/AA-
NA

0.09 0.08
13067WRB0

CALIFORNIA ST DEPT WTR
RES CENT VY PROJ REV 0.56
12/01/2024
77,500.00 07/30/2020

0.56%
77,500.00
77,500.00

99.30 4.79%
76,956.73
144.67

0.02%
(543.28)
Aa1/AAA
NA

0.17 0.17
91412HGE7 UNIVERSITY CALIF REVS 0.883
05/15/2025 760,000.00 07/10/2020

0.88%
760,000.00
760,000.00

97.90 4.34%
744,040.00
2,535.19

0.22%
(15,960.00)
Aa2/AA
AA

0.62 0.61
341271AD6 FLORIDA ST BRD ADMIN FIN CORP
REV 1.258 07/01/2025 1,875,000.00 09/03/2020

1.17%
1,882,423.50
1,876,150.18

97.61 4.53%
1,830,225.00
5,896.88

0.55%
(45,925.18)
Aa3/AA
AA

0.75 0.73
54438CYK2 LOS ANGELES CALIF CMNTY
COLLEGE DIST 0.773 08/01/2025 965,000.00 10/30/20
20 0.77%
965,000.00
965,000.00

97.15 4.29%
937,507.15
1,243.24

0.28%
(27,492.85)
Aaa/AA+
NA

0.84 0.81
646140DP5 NEW JERSEY ST TPK AUTH TPK
REV 1.047 01/01/2026 557,500.00 01/22/2021

1.05%
557,500.00
557,500.00

96.35 4.07%
537,128.95
1,459.26

0.16%
(20,371.05)
A1/AA-
A+

1.25 1.22
Total Municipal
Bonds 4,860,000.00 0.96%
4,867,423.50
4,861,150.18

97.72 4.46%
4,
748,645.33
13,063.08

1.43%
(112,504.85)
Aa2/AA
AA

0.71 0.69

NEGOTIABLE CD
96130AWR5 Westpac Banking Corporation -
New York Branch 5.32 03/14/2025 6,000,000.00 03/22/2024

5.30%
6,000,953.46
6,000,438.00
100.32

4.47%
6,019,272.00
174,673.33

1.81%
18,834.00
P-1/A-1+
NA

0.45 0.45
Total Negotiable CD 6,000,000.00 5.30%
6,000,953.46
6,000,438.00
100.32

4.47%
6,019,272.00
174,673.33

1.81%
18,834.00
P-1/A-1+
NA

0.45 0.45

US TREASURY
9128283J7 UNITED STATES TREASURY 2.125
11/30/2024 2,457,500.00 --

1.67%
2,511,903.66
2,459,308.92

99.56 4.77%
2,446,796.43
17,549.97

0.73%
(12,512.49)
Aaa/AA+
AA+

0.17 0.16
912828ZC7 UNITED STATES TREASURY 1.125
02/28/2025 4,472,500.00 08/19/2021

0.53%
4,565,793.56
4,483,356.50

98.65 4.45%
4,411,964.00
4,308.80

1.33%
(71,392.51)
Aaa/AA+
AA+

0.41 0.41
91282
8ZL7 UNITED STATES TREASURY 0.375
04/30/2025 2,997,500.00 04/05/2021

0.70%
2,958,391.99
2,991,939.50

97.76 4.32%
2,930,267.00
4,703.96

0.88%
(61,672.49)
Aaa/AA+
AA+

0.58 0.57
98 ATTACHMENT A
116

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
912828ZW3 UNITED STATES TREASURY 0.25
06/30/2025 1,597,500.00 10/04/2021

0.70%
1,571,103.81
1,592,232.38

97.16 4.14%
1,552,170.94
1,009.29

0.47%
(40,061.45)
Aaa/AA+
AA+

0.75 0.73
91282CAJ0 UNITED STATES TREASURY 0.25
08/31/2025 7,600,000.00 --

0.56%
7,505,432.49
7,578,716.29

96.61 4.06%
7,342,550.00
1,627.07

2.21%
(236,166.29)
Aaa/AA+
AA+

0.92 0.90
91282CAZ4 UNITED STATES TREASURY 0.375
11/30/2025 6,772,500.00 --

0.93%
6,619,508.79
6,729,157.71

96.05 3.88%
6,505,039.14
8,535.02

1.95%
(224,118.56)
Aaa/AA+
AA+

1.17 1.14
91282CGA3 UNITED STATES TREASURY 4.0
12/15/2025 5,000,000.00 01/23/2024

4.42%
4,962,109.38
4,975,872.83
100.16

3.86%
5,008,007.80
59,016.39

1.50%
32,134.97
Aaa/AA+
AA+

1.21 1.15
91282CBC4 UNITED STATES TREASURY 0.375
12/31/2025 3,100,000.00 01/11/2021

0.49%
3,082,199.22
3,095,527.74

95.81 3.85%
2,970,066.41
2,937.84

0.89%
(125,461.32)
Aaa/AA+
AA+

1.25 1.22
9128286A3 UNITED STATES TREASURY 2.625
01/31/2026 1,707,500.00 02/04/2021

0.46%
1,890,055.76
1,756,295.09

98.49 3.80%
1,
681,687.40
7,551.51

0.51%
(74,607.69)
Aaa/AA+
AA+

1.34 1.29
91282CBH3 UNITED STATES TREASURY 0.375
01/31/2026 17,305,000.00 --

0.79%
16,971,456.65
17,210,873.41

95.57 3.82%
16,537,766.56
10,933.19

4.97%
(673,106.86)
Aaa/AA+
AA+

1.34 1.30
91282CBQ3 UNITED STATES TREASURY 0.5
02/28/2026 12,670,000.00 --

0.94%
12,437
,181.06
12,593,695.10

95.52 3.79%
12,101,829.69
5,425.00

3.63%
(491,865.41)
Aaa/AA+
AA+

1.41 1.38
91282CCF6 UNITED STATES TREASURY 0.75
05/31/2026 8,320,000.00 --

0.80%
8,301,545.71
8,313,851.94

95.25 3.72%
7,924,475.02
20,970.49

2.38%
(389,376.92)
Aaa/AA+
AA+

1.67 1.62
91282CCZ2 UNITED STATES TREASURY 0.875
09/30/2026 3,700,000.00 04/05/2022

2.75%
3,406,746.09
3,569,406.17

94.73 3.64%
3,504,882.79

88.94 1.05%
(64,523.38)
Aaa/AA+
AA+

2.00 1.95
912828V98 UNITED STATES TREASURY 2.25
02/15/2027 2,650,000.00 09/30/2022

4.06%
2,458,185.55
2,545,995.54

96.91 3.62%
2,568,222.64
7,615.15

0.77%
22,227.10
Aaa/AA+
AA+

2.38 2.28
91282CBJ9 UNITED STATES TREASURY 0.75
01/31/2028 540,000.00 03/14/2022

2.14%
498,382.03
516,420.36

91.18 3.58%
492,370.32
682.34

0.15%
(24,050.05)
Aaa/AA+
AA+

3.34 3.23
91282CCY5 UNITED STATES TREASURY 1.25
09/30/2028 3,325,000.00 --

3.32%
3,058,576.17
3 ,070,189.27

91.38 3.58%
3,038,478.50
114.18

0.91%
(31,710.77)
Aaa/AA+
AA+

4.00 3.84
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029 7,000,000.00 03/27/2024

4.20%
6,940,117.19
6,946,443.79
101.69

3.58%
7,118,125.00
47,173.91

2.14%
171,681.21
Aaa/AA+
AA+

4.34 3.93
9128286B1 UNITED STATES TREASURY 2.625
02/15/2029 7,000,000.00 --

4.06%
6,525,214.84
6,611,390.96

96.15 3.58%
6,730,664.08
23,468.07

2.02%
119,273.12
Aaa/AA+
AA+

4.38 4.07
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 6,500,000.00 06/13/2024

4.25%
6,572,617.19
6,568,
362.12
104.00

3.56%
6,760,000.00
98,299.18

2.03%
191,637.88
Aaa/AA+
AA+

4.67 4.13
912828YB0 UNITED STATES TREASURY 1.625
08/15/2029 7,600,000.00 --

3.42%
6,985,504.69
6,993,863.61

91.46 3.55%
6,951,328.14
15,773.10

2.09%
(42,535.47)
Aaa/AA+
AA+

4.87 4.60
99 ATTACHMENT A
117

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
91282CGJ4 UNITED STATES TREASURY 3.5
01/31/2030 6,700,000.00 --

4.02%
6,511,839.85
6,540,926.37

99.50 3.60%
6,666,500.00
39,508.15

2.00%
125,573.63
Aaa/AA+
AA+

5.34 4.79
912828Z94 UNITED STATES TREASURY 1.5
02/15/2030 542,500.00 04/06/2022

2.65%
498,040.43
512,059.08

89.79 3.61%
487,126.86
1,039.30

0.15%
(24,932.22)
Aaa/AA+
AA+

5.38 5.07
91282CAE1 UNITED STATES TREASURY 0.625
08/15/2030 587,500.00 04/06/2022

2.63%
498,755.37
525,075.95

84.27 3.62%
495,106.45
468.96

0.15%
(29,969.50)
Aaa/AA+
AA+

5.87 5.66
91282CBL4 UNITED STATES TREASURY 1.125
02/15/2031 565,000.00 04/06/2022

2.62%
498,104.88
516,815.64

85.99 3.60%
485,855.86
811.80

0.15%
(30,959.78)
Aaa/AA+
AA+

6.38 6.03
912810FP8 UNITED STATES TREASURY 5.375
02/15/2031 6,000,000.00 --

4.27%
6,403,066.41
6,361,789.31
110.16

3.58%
6,609,609.36
41,188.86

1.99%
247,820.05
Aaa/AA+
AA+

6.38 5.40
91282CCS8 UNITED STATES TREASURY 1.25
08/15/2031 562,500.00 04/06/2022

2.62%
498,515.62
515,463.14

85.40 3.67%
48 0,388.19
898.01

0.14%
(35,074.96)
Aaa/AA+
AA+

6.87 6.45
91282CFV8 UNITED STATES TREASURY 4.125
11/15/2032 6,000,000.00 --

3.72%
6,197,734.38
6,163,732.25
102.86

3.71%
6,171,796.86
93,485.05

1.85%
8,064.61
Aaa/AA+
AA+

8.13 6.77
91282CHT1 UNITED STATES TREASURY 3.875
08/15/2033 6,500,000.00 --

4.73%
6,069,
570.31
6,110,079.30
100.80

3.77%
6,552,304.72
32,168.82

1.97%
442,225.42
Aaa/AA+
AA+

8.87 7.42
Total US Treasury 139,772,500.00 2.42%
136,997,653.08
137,848,840.29

97.87 3.78%
136,525,380.16
547,352.36

41.01%
(1,323,460.13)
Aaa/AA+
AA+

3.18 2.87
Total Portfolio 337,675,908.77 2.99%
332,303,367.46
333,613,995.24

98.55 4.01%
332,931,512.80
1,864,765.68
100.00%
(682,482.44)
Aa2/AA-
AA

3.14 2.68
Total Market Value +
Accrued 334,796,278.47
100

ATTACHMENT A
118

HOLDINGS REPORT
City of Stockton Enhanced Cash | Account #11194 | As of September 30, 2024 Cusip Security Description Par Value/
Units
Purchase
Date
Purchase
Yield
Cost Value
Book Value
Mkt
Price
Mkt
YTM
Market Value
Accrued Int.
% of Port.

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
CASH
CCYUSD Receivable 4,240.26 --

0.00%
4,240.26
4,240.26

1.00 0.00%
4,240.26

0.00 0.01%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 4,240.26 0.00%
4,240.26
4,240.26

1.00 0.00%
4,240.26

0.00 0.01%

0.00 Aaa/AAA
AAA

0.00 0.00

COMMERCIAL
PAPER
62479LKM6 MUFG Bank, Ltd. - New York
Branch 10/21/2024 7,000,000.00 05/23/2024

5.48%
6,842,918.06
6,979,194.45

99.72 5.06%
6,980,386.00

0.00 22.90%
1,191.56
P-1/A-1
NA

0.06 0.05
Total Commercial
Paper 7,000,000.00 5.48%
6,842,918.06
6,979,194.45

99.72 5.06%
6,980,386.00

0.00 22.90%
1,191.56
P-1/A-1
NA

0.06 0.05

MONEY MARKET
FUND
60934N104 FEDERATED HRMS GV O INST 7,788.38 --

4.83%
7,788.38
7,788.38

1.00 4.83%
7,788.38

0.00 0.03%

0.00 Aaa/AAAm
AAA

0.00 0.00
Total Money Market
Fund 7,788.38 4.83%
7,788.38
7,788.38

1.00 4.83%
7,788.38

0.00 0.03%

0.00 Aaa/AAAm
AAA

0.00 0.00
NE

GOTIABLE CD
06417M5J0 Bank of Nova Scotia, Houston
Branch 6.0 10/18/2024 2,315,000.00 05/23/2024

5.44%
2,318,380.50
2,315,388.30
100.04

4.79%
2,316,016.29
134,270.00

7.60%
627.99
P-1/A-1
F1+

0.05 0.05
Total Negotiable CD 2,315,000.00 5.44%
2,318,380.50
2,315,388.30
100.04

4.79%
2,316,016.29
134,270.00

7.60%
62 7.99
P-1/A-1
F1+

0.05 0.05

US TREASURY
912797KV8 UNITED STATES TREASURY
10/24/2024 5,000,000.00 07/29/2024

5.29%
4,938,396.53
4,983,524.65

99.70 4.80%
4,984,914.25

0.00 16.35%
1,389.60
P-1/A-1+
F1+

0.07 0.06
912797MA2 UNITED STATES TREASURY
11/05/2024 4,730,000.00 08/29/2024

5.13%
4,685,202.70
4,706,942.57

99.55 4.73%
4,708,635.63

0.00 15.45%
1,693.06
P-1/A-1+
F1+

0.10 0.10
101

ATTACHMENT A
119

Gain/Loss
Moody's/
S&P/
Fitch
Maturity
Duration
912797LC9 UNITED STATES TREASURY
11/07/2024 6,200,000.00 06/14/2024

5.33%
6,073,262.99
6,167,207.91

99.52 4.79%
6,170,064.91

0.00 20.24%
2,857.01
P-1/A-1+
F1+

0.10 0.10
912797LD7 UNITED STATES TREASURY
11/14/2024 5,340,000.00 09/25/2024

4.64%
5,306,965.43
5,310,336.30

99.43 4.75%
5,309,585.71

0.00 17.42%
(750.59)
P-1/A-1+
F1+

0.12 0.12
Total US Treasury 21,270,000.00 5.10%
21,003,827.65
21,168,011.43

99.54 4.77%
21,173,200.50

0.00 69.46%
5,189.07
P-1/A-1+
F1+

0.10 0.10
Total Portfolio 30,597,028.64 5.22%
30,177,154.85
30,474,622.81

99.58 4.84%
30,481,631.43
134,270.00
100.00%
7,008.61
Aaa/AA
AAA

0.09 0.08
Total Market Value +
Accrued 30,615,901.43
102

ATTACHMENT A
120

TRANSACTIONS
103

ATTACHMENT A
121

ACQUISITIONS
Purchase 07/24/2024 44934QAD3 910,000.00 HART 2024-B A3 4.84 03/15/2029 99.985 5.45% (909,862.68) 0.00 (909,862.68) 0.00 Purchase 07/31/2024 3130B1BC0 1,900,000.00 FEDERAL HOME LOAN BANKS 4.625 06/08/2029 102.282 4.10% (1,943,358.00) (21,480.56) (1,964,838.56) 0.00 Purchase 07/31/2024 437076DC3 4,000,000.00 HOME DEPOT INC 4.75 06/25/2029 100.709 4.58% (4,028,360.00) (19,000.00) (4,047,360.00) 0.00 Purchase 08/13/2024 880591FB3 1,845,000.00

TENNESSEE VALLEY
AUTHORITY 4.375
08/01/2034

99.109 4.49% (1,828,561.05) 0.00 (1,828,561.05) 0.00
Purchase 08/14/2024 532457CQ9 2,290,000.00 ELI LILLY AND CO 4.2 08/14/2029 99.781 4.25% (2,284,984.90) 0.00 (2,284,984.90) 0.00 Purchase 08/20/2024 857477CN1 2,000,000.00 STATE STREET CORP 4.53 02/20/2029 100.000 4.53% (2,000,000.00) 0.00 (2,000,000.00) 0.00 Purchase 08/21/2024 43813YAC6 2,040,000.00 HAROT 2024-3 A3 4.57 03/21/2029 99.984 4.66% (2,039,679.52) 0.00 (2,039,679.52) 0.00 Purchase 08/30/2024 9128286B1 500,000.00 UNITED STATES TREASURY

2.625 02/15/2029 95.539 3.72% (477,695.31) (534.99) (478,230.30) 0.00 Purchase 09/30/2024 912828YB0 7,080,000.00 UNITED STATES TREASURY

1.625 08/15/2029 91.652 3.50% (6 ,488,985.94) (14,381.25) (6,503,367.19) 0.00 Purchase 09/30/2024 91282CCY5 2,800,000.00 UNITED STATES TREASURY

1.25 09/30/2028 91.535 3.54% (2,562,984.38) 0.00 (2,562,984.38) 0.00 Total Purchase 25,365,000.00 (24,564,471.78) (55,396.80) (24,619,868.58) 0.00 TOTAL
ACQUISITIONS 25,365,000.00 (24,56
4,471.78) (55,396.80) (24,619,868.58) 0.00

DISPOSITIONS
Call Redemption 08/09/2024 46647PCM6 (1,680,000.00) JPMORGAN CHASE & CO

0.768 08/09/2025 100.000 0.77% 1,680,000.00 0.00 1,680,000.00 0.00 Total Call
Redemption (1,680,000.00) 1,680,000.00 0.00 1,680,000.00 0.00 Maturity 07/08/2024 931142EL3 (4,100,000.00) WALMART INC 2.85 07/08/2024 100.000 2.85% 4,100,000.00 0.00 4,100,000.00 0.00 104

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TRANSACTION LEDGER
City of Stockton Reserve | Account #10020|07/01/2024 Through 09/30/2024| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
Maturity 07/30/2024 91159HHX1 (1,650,000.00) US BANCORP 2.4 07/30/2024 100.000 2.40% 1,650,000.00 0.00 1,650,000.00 0.00 Maturity 08/01/2024 574193TQ1 (647,500.00) MARYLAND ST 0.51 08/01/2024 100.000 0.51% 647,500.00 0.00 647,500.00 0.00 Maturity 08/01/2024 797272QP9 (725,000.00)

SAN DIEGO CALIF CMNTY
COLLEGE DIST 2.046
08/01/2024
100.000 2.05% 725,000.00 0.00 725,000.00 0.00
Maturity 08/31/2024 9128282U3 (2,237,500.00) UNITED STATES TREASURY

1.875 08/31/2024 100.000 1.88% 2,237,500.00 0.00 2,237,500.00 0.00 Maturity 09/15/2024 254683CP8 (797,500.00) DCENT 2021-1 A 0.58 09/15/2024 100.000 0.29% 0.00 0.00 0.00 0.00
Maturity 09/15/2024 91282CCX7 (1,577,500.00) UNITED STATES TREASURY

0.375 09/15/2024 100.000 0.38% 1,577,500.00 0.00 1,577,500.00 0.00 Maturity 09/23/2024 4581X0DZ8 (4,190,000.00)

INTER-AMERICAN
DEVELOPMENT BANK 0.5
09/23/2024
100.000 0.50% 4,190,000.00 0.00 4,190,000.00 0.00
Total Maturity (15,925,000.00) 15,127,500.00 0.00 15,127,500.00 0.00 Sale 08/14/2024 3135G0X24 (4,380,000.00)

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

1.625 01/07/2025

98.650 0.85% 4,320,870.00 7,315.21 4,328,185.21 (72,555.83) Total Sale (4,380 ,000.00) 4,320,870.00 7,315.21 4,328,185.21 (72,555.83) TOTAL
DISPOSITIONS (21,985,000.00) 21,128,370.00 7,315.21 21,135,685.21 (72,555.83) 105

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TRANSACTION LEDGER
City of Stockton Enhanced Cash | Account #11194|07/01/2024 Through 09/30/2024| Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest
Pur/Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 07/30/2024 912797KV8 5,000,000.00 UNITED STATES TREASURY 10/24/2024 98.768 5.29% (4,938,396.53) 0.00 (4,938,396.53) 0.00 Purchase 08/29/2024 912797MA2 4,730,000.00 UNITED STATES TREASURY 11/05/2024 99.053 5.13% (4,685,202.70) 0.00 (4,685,202.70) 0.00 Purchase 09/26/2024 912797LD7 5,340,000.00 UNITED STATES TREASURY 11/14/2024 99.381 4.64% (5,306,965.43) 0.00 (5,306,965.43) 0.00 Total Purchase 15,070,000.00 (14,930,564.66) 0.00 (14,930,564.66) 0.00 TOTAL
ACQUISITIONS 15,070,000.00 (14,930,564.66) 0.00 (14,930,564.66) 0.00

DISPOSITIONS
Maturity 07/19/2024 59515MGK5 (5,000,000.00) Microsoft Corporation 07/19/2024 100.000 0.00% 5,000,000.00 0.00 5,000,000.00 0.00 Maturity 08/22/2024 912797KC0 (4,600,000.00) UNITED STATES TREASURY 08/22/2024 100.000 0.00% 4,600,000.00 0.00 4,600,000.00 0.00 Maturity 09/20/2024 89115BAM2 (5,000,000.00)
Toronto-Dominion Bank
- New York Branch 6.0
09/20/2024
100.000 6.00% 5,000,000.00 0.00 5,000,000.00 0.00
Total Maturity (14,600,000.00) 14,600,000.00 0.00 14,600,000.00 0.00 TOTAL
DISPOSITIONS (14,600,000.00) 14,600,000.00 0.00 14,600,000.00 0.00 106

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IMPORTANT DISCLOSURES
City of Stockton Reserve | Account #10020 | As of September 30, 2024 2024 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.

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

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

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

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

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

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

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

Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody’s and Fitch respectively. 107

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BENCHMARK DISCLOSURES
City of Stockton Reserve | Account #10020 | As of September 30, 2024 Benchmark Disclosure
ICE BofA 1-5 Year Gov/Corp A or better
The ICE BofA US Issuers 1-5 Year AAA-A US Corporate & Government Index tracks the performance of US dollar denominated investment grade debt publicly issued in the US domestic market, including US Treasury, US agency, foreign government, supranational, and corporate securities. Qualifying securities must be issued from US issuers and be rated AAA through A3 (based on an average of Moody’s, S&P and Fitch). In addition, qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to final maturity at point of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for US Treasuries and $250 million for all other securities.

ICE BofA 1-5 Yr US Treasury & Agency Index
The ICE BofA 1-5 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies. 108

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ATTACHMENT B
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City of Stockton
Legislation Text
File #: 24-1258, Version: 1

APPROVAL OF CITY COUNCIL MINUTES

RECOMMENDATION
Approve the minutes from the City Council meetings of October 1, 2024, November 12, 2024, November 19, 2024, and December 3, 2024
Attachment A - 2024-10-01
Attachment B - 2024-11-12
Attachment C - 2024-11-19
Attachment D - 2024-12-03
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Legislation Text
File #: 24-1234, Version: 1

ACCEPT COMMITTEE MINUTES FOR FILING

RECOMMENDATION
Accept for filing minutes from the Censure Ad-Hoc Committee, Community Improvement and Crime Prevention Committee, Charter Review Advisory Commission, Council Charter Review Ad-Hoc Committee.

Attachment A - Censure Ad-Hoc
Attachment B - CICP
Attachment C - CRAC
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City of Stockton
Legislation Text
File #: 24-1235, Version: 1
ADOPTION OF PROPOSED REDLINE CHANGES TO CHAPTERS 3.02, 3.08, and 3.10 OF THE

COUNCIL POLICY MANUAL

RECOMMENDATION
Staff recommends that the City Council adopt by resolution the proposed redline changes to Chapters 3.02, 3.08, and 3.10 of the Council Policy Manual.

Summary
On November 20, 2024, the Council Legislation/Environmental Committee reviewed, provided direction, and forwarded a recommendation that Council adopt changes to Chapters 3.02, 3.08, and

3.10 of the Council Policy Manual regarding censure. Those changes are now presented for the City Council’s consideration.

DISCUSSION
Background
In December 2023, the Legislation/Environmental Committee reviewed and discussed revisions to the entire council policy manual. On October 23, 2024, the Committee was presented with information regarding Term Limits for Boards and Commissions and following review and discussion, the Committee directed staff to make the following changes:
· Remove Term Limits
· Include Language to ensure members must reapply and be reconsidered prior to reappointment
· In Chapters 3.08 and 3.10 change term length from 2 to 4 years On November 20, 2024, these changes were presented to the Committee, with exception to the term length for Chapter 3.10 which was enacted by the Measure M Ordinance adopted by the citizens of Stockton at the November 8, 2016, General Municipal Election and cannot be altered. After review, the Committee recommendation was forwarded to Council. Those changes are reflected in Attachments A, B, and C.

Present Situation
In accordance with Committee direction, staff presents proposed redline changes which reflect the Committee’s recommended changes to Council Policy Manual Chapters 3.02, 3.08, and 3.10 for review and consideration.

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Conclusion
Staff recommends that the City Council adopt by resolution the proposed redline changes to Chapters 3.02, 3.08, and 3.10 of the Council Policy Manual regarding censure.

FINANCIAL SUMMARY
There is no direct financial impact from approval of these changes Attachment A - Council Policy 3.02 (redline)
Attachment B - Council Policy 3.08 (redline)
Attachment C - Council Policy 3.10 (redline)
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§ 3.02.010 Policy.
1) In 1975 the State Legislature amended Government Code Section 54957 of the Brown Act, removing "public officer" from those appointees that the Council could consider in executive session. This action resulted in the requirement that all discussions and deliberations by the City Council regarding appointments or confirmation of appointments are to take place in public at regular or special meetings of the City Council as opposed to closed executive sessions. This amendment was placed into effect January 1, 1976.
2) To comply with this new re quirement, the City Council on January 19, 1976 adopted Resolution No. 32,937 establishing procedures for interviewing and confirming appointments in open Council session.

The resolution additionally incorporated the existing informal procedures of the City Council regarding such appointments.
3) On January 1, 1977, the Maddy Local Appointive Li st Act of 1975 (Section 54970 et seq. Government Code) became effective requiring, among other things, that:

On or before December 31st of each year, each legislative body shall prepare an appointments list of all regular and ongoing boards, commissions, and committees which are appointed by the legislative body of the local agency. The appointees' list shall contain the following information:

A) A list of all appointive terms wh ich will expire during the next calendar year, with the name of the incumbent appointee, the date of appointment, the date the term expires, and the necessary qualifications for the position.

B) A list of all boards, commissi ons, and committees whose members serve at the pleasure of the legislative body, and the necessary qualifications for each position.

C) These requirements are cont ained in this Council policy. 4) The purpose of this policy is to establish an or derly process to provide all citizens of Stockton equal access to specific and current information about the many regulatory and advisory boards, commissions, and committees appointed by the City Council and/or the Mayor, to provide for equal opportunity to be informed of vacancies which, from time to time, shall occur, and to provide for open sessions in the interview or confirmation appointment process. Hereafter, for sake of simplicity, all boards, commissions and committees appointed as set forth in the following Policy shall be referred to as "Commission" or "Commissions." A member of a board, commission or committee shall be referred to as a "Commissioner."
5) APPOINTMENTS LIST
A) Each year, on or before December 31, the City Cl erk shall prepare and provide to the City Council an appointments list of all regular and ongoing Commissions which are appointed by the Stockton City Council, a Stockton City Councilmember or by the Mayor. The appointment list shall set forth the following information:

A list of all current Commission vacancies and of all appointive terms which will expire during the next calendar year with the name of the incumbent appointee, the date of appointment, the date the term expires, and the necessary qualifications for the position.

B) The appointments list shall be made available to members of the public on the City's website for free or a hard copy for a reasonable fee as indicated on the City's Fee Schedule.

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6) VACANCY ANNOUNCEMENTS
Where a vacancy on a Commission exists or where by a Commissioner's term of office will expire, the City Clerk shall announce through the news and social media, and post notice thereof on the City's website and in the Office of the City Clerk, that a vacancy exists or that a term of office will expire. A standing contact list of community partners and organizations will be maintained by the Clerk’s Office to facilitate effective outreach. Announcements/postings shall indicate:

A) Title of the position;
B) Minimum qualifications;
C) Special residency re quirements, if any;
D) Frequency of meetings of the Commission;
E) Remuneration, if any;
F) Where to submit an application;
G) Final date for submission of an application; and
H) Term of office.
7) APPLICATIONS
A) All applicants for Commission membership, incl uding persons currently serving on a Commission who seek to be reappointed, shall complete and submit a uniform public service application form to the City Clerk's Office prior to the final time and date for submission of the application. An applicant may submit for consideration to more than one Commission, depending on the applicant's qualifications and interest
B) The City Council may appoint a person then serving on a Commission to serve on a different Commission after taking into account the number of other qualified application seeking appointment and whether the person's appointment to the different Commission is compatible with the person's current Commission service or creates the potential for overlapping subject matter jurisdiction.

C) The application shall identify the membership on the Commission or Commissions being sought, the applicant's background and qualifications and may include any additional material deemed relevant by the applicant. Additional material will not be accepted after the filing deadline.

D) The advertisement will remain op en until the City Clerk has received one more application than the number of vacancies to be filled or 45 days from the date of the advertisement, whichever comes earlier, at which time the City Clerk will proceed to fill vacancies with the available applicants.

E) The City Clerk or other staff will review the appl ications to determine the applicant's compliance with this Policy and any other requirements specified in the Commission's Roster.

F) The City Clerk's office shall keep applications on file and applications shall be considered active for one year from the date received.

G) All applications shall be deem ed to be public documents and shall be available for public inspection.

Nothing herein shall preclude the Mayor or an individual Councilmember from requesting additional or 213

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clarifying information of an applicant prior to the Council's consideration of the applicants for appointment as provided in this Policy.
8) STOCKTON RESIDENCY
Absent specific qualifying requirements to the contrary, all applicants and appointees to Commissions shall be residents of the City of Stockton during the term of their appointment. 9) PROHIBITION OF CITY EMPLOYEES
City Employees Prohibited. Because of potential conflicts between City employment and an employee serving on City Commissions, no City employee, with the exception of the staff person appointed to serve on the Successor Agency to the Redevelopment Agency, shall be appointed to a Commission. 10) APPLICANT INTERVIEWS
A) Except as provided below, the City department or affected agency that staffs a Commission for which there is a vacancy or for which a term of office will expire during the recruitment period shall prepare interview questions, reviewed and approved by the City Manager's Office, and forward the questions to the City Clerk. To the extent feasible, questions should be open-ended and limited to no more than five key queries. The City department or affected agency that staffs a Commission, in consultation with the City Manager's Office, will determine whether to provide the interview questions to the applicants ahead of the interview itself.

B) The City Clerk will notify the C ouncil and the applicants regarding the date and time of the interviews.

The interviews will be streamed live. This will allow the Council the opportunity to view the interviews live via streamed video or at any time prior to the date on which the Council will make its appointment.

The video stream of the interviews will remain on the City's website only until the Council concludes the appointment process.

C) The City Clerk shall notify all ap plicants of the time and place of the interviews, the amount of time allowed for the interview and the method by which the Council appointment shall be made. If notifying the candidates by electronic mail, the City Clerk shall also follow up with a phone call to the applicant.

Applicants who desire to withdraw from consideration shall notify the City Clerk, preferably in writing.

D) On the date and time of the inte rview, applicants will arrive at the designated location, date and time as set by the City Clerk.

E) Applicants will assemble in the designated locat ion where the City Clerk/designee will provide the applicants with the following information:
i) Instructions regarding th e interview procedure; and ii) The date and time of the meet ing at which the Council will be voting on the appointment; applicants may be asked by the Council to appear at this meeting.

F) Applicants will be interviewed one at a time. Candidates yet to be interviewed will be instructed to wait in a lobby or other designated location until such time that s/he is invited to the location of the interview. Applicants not present for the interview will automatically be removed from further consideration for that recruitment period.

G) During the interview, the City Clerk/designee will give the opportunity for the applicant to make a two- minute opening statement; the City Clerk/designee will read each question aloud from the list of prepared questions. Each interview is timed and limited to no more than 10 minutes per applicant. 214

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Applicants will be excused at the end of the interview.

H) Interviews for applicants to the Central Parking District Authority Board, Cultural Heritage Board and Public Art Advisory Committee shall be conducted by committees of the respective Boards or Committee and the committee's recommendation then considered by the full Boards and Committee.

The Boards' and Committee's recommendations will be forwarded to the City Council for Council action. The City Council may appoint or not appoint the recommended applicant. An appointment to fill an unexpired term shall become effective immediately. Other appointments shall become effective as of July 1st or January 1st respectively. In the latter case, then serving Board or Committee members will continue to serve until the effective date of the new appointment. If the City Council does not appoint the recommended applicant, the Boards or Committee shall make another recommended appointment.

I) The City Council shall not appoint the City C ouncil Salary Setting Commission. Applicants for that Commission shall be interviewed by the Civil Service Commission which will make the appointment (as provided in Charter Section 1912) and the Director of Human Resources shall notify the City Council of the appointment.
11) CITY COUNCIL APPOINTMENTS
A) Subsequent to the interviews, the City Clerk will immediately notify the Council that the interviews have been conducted and the date the Council will be voting on the appointments. The Council will have the opportunity to view the interviews during the live stream or may view the video stream at any time prior to the date set for Council appointment. Councilmembers shall limit conversation regarding the applicants amongst each other consistent with the Brown Act.

B) The City Clerk will prepare a staf f report relative to the interviews conducted; this report will be placed on a regular meeting agenda for Council consideration on the date indicated to the applicants. The applicants are not required to appear at this meeting unless requested by a Councilmember before the appointment date. Any Councilmember may ask additional questions of the applicant(s) if the applicant has been requested to appear and has appeared at the meeting.

C) At the meeting at which the City Clerk has prepared a staff report relative to the persons who have been interviewed for an appointment to a Commission, for each Commission on which there is a vacancy or for which a term of office will expire, the City Clerk will provide to the City Council a list of those persons who have been interviewed.

D) All discussions by the City Council regarding ap pointments or confirmation of appointments shall be conducted in compliance with the Brown Act. The appointment process shall not require a public hearing; however, persons desiring to comment on the applicants may do so prior to Council action. A Councilmember may ask questions or seek clarification from any applicant present at the meeting before the Council takes action.

E) If there is at least one more applicant than the nu mber of vacancies from the list(s) so provided to the Council, each Councilmember, including the Mayor, will rank the applicants for each Commission such that the number of applicants that each Councilmember ranks will be one number greater than the number of vacancies and/or the number of Commission members whose terms will be expiring. (This will likely avoid tie votes.) For example, if there is only one vacancy or only one term expiring, the Councilmember's first choice for appointment will be ranked with the number "2" and the Councilmember's second choice with the number "1." If because of a vacancy and/or because of an expiring term, there is more than one appointment to a Co mmission, the Councilmember will assign to the Councilmember's first choice the higher(est) number and lesser number(s) to the Councilmember's other choice(s). For example, if there were one vacancy and one term expiring, each Councilmember would rank three applicants, assigning the number "3" to the Councilmember's first choice, the number "2" to the Councilmember's second choice and the number "1" to the third choice. 215

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i) After the Council has ranked the ap plicants, the City Clerk will tally the rankings and the applicant(s) receiving the highest number(s) would, subject to Council ratification, be appointed. If there is a tie, then the process described in subsection E above will be repeated only as to the applicants who are tied. ii) In instances where there are a vacancy and an expiring term and the term of the vacant office is less than the new term of office, the applicant with the highest number will serve the new term of office and the applicant with the next highest number will serve the lesser term.

F) If the number of applicants is less than or equal to the number of vacancies, Council may direct staff to open a recruitment or proceed to fill any number of vacancies from the available list of applicants.

G) Should a vacancy occur within th e first year of an appointment, the remainder of the unexpired term may be filled from the current, active pool without running a recruitment.

H) An appointment to fill an unexpired term shall become effective immediately. Other appointments shall become effective as of July 1st or January 1st, respectively. In the latter case, the serving Commissioners will continue to serve until the effective date of the new appointments. 12) APPOINTMENTS TO THE PLANNING COMMISSION
As to the Planning Commission, where a vacancy exists or a term of office is expiring from a particular Councilmember's District, the Councilmember from that District shall make the appointment subject to City Council approval; for the at-large Planning Commissioner, the Mayor shall make the appointment subject to City Council approval.
13) MAYORAL APPOINTMENTS
As to any appointments made by the Mayor (other than the Mayor's appointment to the Planning Commission), they shall be submitted on the next regular City Council meeting agenda. The City Council shall confirm or not confirm the appointment(s).
14) TERM OF OFFICE
Prior to the expiration of the term, persons who wish to be considered for continued service, shall submit a new application to be eligible for inclusion in the selection process. No person shall serve more than two terms on any Commission other than the following: Port Commission; San Joaquin Commission on Aging; San Joaquin County Mosquito/Vector Control Board; and San Joaquin Regional Transit District Board. If a person is appointed to a vacancy and there are more than two years remaining on that term, that shall count as one term.

216

ATTACHMENT B

CHAPTER 3.08

At the end of the first term it is intended that one-half of the member's terms be staggered. At the Committee's first meeting, members will draw lots to select three members. These selected members will be limited to one term. The remaining members may serve a second term. 8) CHAIR
217

ATTACHMENT B

The Mayor shall appoint the initial Chair. Thereafter, the Oversight Committee shall annually elect a Chair and a Vice-Chair who shall act as Chair only when the chair is absent. 9) COMPENSATION
The Oversight Committee members shall not be compensated for their services. 10) INFORMATIONAL MATERIALS
At least quarterly, financial reports will be sent to each Oversight Committee member. The reports will show detailed lists of revenue and expenditure transactions to the Fund. 11) MEETINGS
A) The Oversight Committee shall conduct a mid-year meeting usually in February and an annual meeting each year following the closing of the prior fiscal year's books. The purpose of the midyear and annual meetings is for Oversight Committee members to review the revenues and expenditures of th e Fund, and to ask fo r explanations and documentation from City staff. The annual meeting will also include the task of adopting an annual report of their findings for presentation to the City Council.

B) Special meetings may be called by the Oversight Committee's chair. Special meetings may also be called by Oversight Committee members if three or more members petition the chair for a special meeting.

C) All meetings shall be held in the Stockton City Council Chambers or another room having space for the public to attend.

D) All meetings shall be open to the public in accordance with the Ralph M. Brown Act, Government Code Section 54950 et seq. Each member of the Oversight Committee will be given a current copy of the Ralph M. Brown Act.

E) A majority of the Oversight Committee members shall constitute a quorum for the transaction of any business.

F) Except as otherwise provided by adopted Ov ersight Committee policies, City Council Policy, or applicable law, meetings shall be conducted in accordance with Robert's Rules of Order, Newly Revised.
12) AUTHORIZED ACTIVITIES
A) Review copies of revenue and expenditure reports for Measure W.

B) Receive and review copies of the City's a nnual independent audit which is required the ordinance.

C) Observe Public Safety activities for which tax proceeds have been or will be expended, in accordance with access procedures established by the City Manager.

D) Oversight Committee members shall not have the authority to direct staff of the City.

E) Individual members of the Oversight Committee retain the right to address the Council, 218

ATTACHMENT B

either on behalf of the Committee or as an individual.
13) ANNUAL REPORT
Annually the Oversight Committee will submit a report to the C ity Council with the results of their work. The report is also made available to the public. 14) VACANCIES AND REMOVAL
A) The City Council shall fill any vacancies on the Oversight Committee.

B) The City Council may remove any Oversight Committee member for any reason, including failure to attend two consecutive Oversight Committee meetings without reasonable excuse or for failure to comply with the Committee Ethics Policy. Upon a member's removal, his or her seat shall be declared vacant. 15) CITY SUPPORT
The City shall provide to the Oversight Comm ittee necessary techni cal and administrative assistance as follows:

A) Preparation of and posting of public notices as required by the Brown Act; B) Ensuring that all notices to the public are provided in the same manner as notices regarding meetings of the City Council;
C) Providing of a meeting room, including an y necessary audio/ visual equipment; Preparing and copying documentary meeting materials, such as agendas and reports; D) Retaining all Oversight Committee records, and providing public access to such records on an Internet website maintained by the City; and
E) Attending all Oversight Committee proceedings and answering Committee questions on the use of funds.
16) TERMINATION
The Oversight Committee shall automatically disband if the enabling ordinance is revoked. 17) CITIZENS' BOND OVERSIGHT COMMITTEE ETHICS POLICY STATEMENT This Ethics Policy Statement provides general guidelines for Oversight Committee members to following carrying out their roles. Not all ethical issues that Committee members face are covered in this Statement. However, this Statement captures some of the critical areas that help define ethical and professional c onduct for Oversight Committee members. The provisions of this Statemen t were developed from existi ng laws, rules, policies and procedures as well as from c oncepts that define generally accepted good business practices.

Committee members are expected to strictly adhere to the provisions of this Ethics Policy.

A) Conflict of Interest. An Oversight Committee member shall not make or influence a City decision related to any City purchase or contract which will benefit the committee member's outside employment, business, or a personal finance or benefit an immediate 219
City of Stockton, CA
§ 3.08.010 § 3.08.070
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family member, such as a spouse, child or parent.

B) Outside Employment. An Oversight Commi ttee member shall not use his or her influence over a Committee matter to negotia te future employment with any person or organization that relates to a City purchase or contract. For a period of two years after leaving the Oversight Committee, a former Committee member may not represent any person or organization for compensation in connection with any matter pending before the City that, as a Committee member, he or she participated in personally and substantially.

C) Commitment to Uphold Law. An Oversight Committee member shall uphold the federal and California Constitutions, the laws and regulations of the United States and the State of California and all other applicable government entities, and the charter, policies, procedures, rules and regulations of the City.
§ 3.08.020. Responsibilities.

Measure W Oversight Committee:

Review whether expenditures of the funds complied with sales and use tax ordinance for provision of police and fire personnel and services.

Prepare report with the results of year's work and submit a report to the City Council and make publically available.
§ 3.08.030. Relevant authority.

Government Code and the Political Reform Act (Gov. Code Section 8 1000 et seq.) Articles 4 (commencing with Section 1090) and 4.7 (commencing with Section 1125) of Division 4 of Title

1. Ralph M. Brown Act.

Measure W Ordinance.
§ 3.08.040. Related administrative directive, city policy, city procedure.

None applicable.
§ 3.08.050. Related forms, documents, or links.

Statement of Economic Interests Form 700.
§ 3.08.060. Frequently asked questions.

None applicable.
§ 3.08.070. Update history.
8/23/05 - Adopted by Resolution No. 05-0372
220
City of Stockton, CA
§ 3.08.070 § 3.08.070
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1/26/16 - Amended by Resolution No. 2016-01-26-1203
221

ATTACHMENT C

CHAPTER 3.10

STRONG COMMUNITIES OVERSIGHT COMMITTEE
§ 3.10.010. Policy.
1) An Oversight Committee is created as required by Ordinance 2016-06-07-1212 entitled Library and Recreation Special Sales and Use Tax, adopted on November 8, 2016 by the voters of Stockton, which provi des for a one-quarter cent sp ecial sales and use tax for provision of library and recreation services to improve the community. 2) The Oversight Committee is charged with reviewing whether expenditures of the funds related to the special sales and use tax (Strong Communities Fund) were made as represented to Stockton residents in accordance with the ordinance. This policy establishes the responsibilities and processes to be used by the Oversight Committee. 3) The Strong Communities Oversight Committee will have qualified members and a prescribed term of office, will be given pertinent inform ation to monitor the special tax revenues and expenditures, will meet and report their findi ngs as required by ordinance, and will operate using standards of ethics.
4) APPOINTMENTS
The City Council shall make appointments to the Oversigh t Committee by resolution. The Oversight Committee shall be composed of se ven members. The Friends of the Stockton Library, The Library and Literacy Foundation of San Joaquin, Stockton Parks and Recreation Commission and the Stockton Recreation Foundation shall each have the opportunity to recommend candidates for the Committee to the City Council. In no event may the Committee include more than two members of each of th e aforementioned groups. In addition, an ex- officio member of the Committee will be appointed from the Teen Leadership Council to serve as an advisory, non-voting member of the Committee.
5) QUALIFICATION STANDARDS
To be qualified a person must be at least 18 years of age a nd reside within the City's geographic boundary. The Oversight Committee may not include any employee or official of the City, or any vendor, contractor or consultant doing business with the City. 6) CONFLICTS OF INTEREST. By accepting appointment to the Oversight Committee, each member agrees to comply with Articles 4 (commencing with Section 1090) and 4.7 (commencing with Section 1125) of Division 4 of Title 1 of the Government Code and the Political Reform Act (Gov. Code Section 81000 et seq.), and to co mplete Form 700 as required by all "designated employees" of the City. Additionally, each member shall comply with the Oversight Committee Ethics Policy which is presented in subsection 14, below. 7) TERM
Oversight Committee members shall se rve for a term of two years. Members shall serve no more than two terms.

At the end of the first term it is intended that one-half of the member's terms be staggered. 222

ATTACHMENT C

At the Committee's first meeting, members will draw lots to select three members. These selected members will be limi ted to one term. The remaining members may serve a second term.
8) CHAIR
The Mayor shall appoint the initial Chair. Thereafter, the Oversight Committee shall annually elect a Chair and a Vice-Chair who shall act as Chair only when the Chair is absent. 9) COMPENSATION
The Oversight Committee members shall not be compensated for their services. 10) INFORMATIONAL MATERIALS
At least quarterly, financial reports will be sent to each Oversight Committee member.

The reports will show detailed lists of revenue and expenditure transactions to the Strong Communities Fund.
11) MEETINGS
A) The Oversight Committee shall conduct a min imum of one annual meeting each year following the closing of the prior fiscal year's books. The purpose of the annual meeting is for Oversight Committee members to re view the revenues and expenditures of the Fund, and to ask for explanations and documentation from City staff. The annual meeting will also include the task of adop ting an annual report of their findings for presentation to the City Council.

B) Special meetings may be called by the Oversight Committee's chair. Special meetings may also be called by Oversight Committee members if three or more members petition the Chair for a special meeting.

C) All meetings shall be held in the Stockton City Council Chambers or another room having space for the public to attend.

E) A majority of the Oversight Committee members shall constitute a quorum for the transaction of any business.

F) Except as otherwise provided by adopted Ov ersight Committee policies, City Council Policy, or applicable law, meetings shall be conducted in accordance with Robert's Rules of Order.
12) AUTHORIZED ACTIVITIES
A) Review copies of revenue and expenditure reports for the Strong Communities Fund.

B) Receive and review copies of the City's a nnual independent audit which is required the ordinance.
223

ATTACHMENT C

C) Oversight Committee members shall not have the authority to direct staff of the City.

D) Individual members of the Oversight Committee retain the right to address the Council, either on behalf of the Committee or as an individual.
13) ANNUAL REPORT
Annually the Oversight Committee will submit a report to the C ity Council with the results of their work. The report is also made available to the public. 14) VACANCIES AND REMOVAL
A) The City Council shall fill any vacancies on the Oversight Committee.

B) The City Council may remove any Oversight Committee member for any reason. Upon a member's removal, his or her seat shall be declared vacant. 15) CITY SUPPORT
The City shall provide to the Oversight Comm ittee necessary techni cal and administrative assistance as follows:

A) Preparation of and posting of public notices as required by the Brown Act; B) Ensuring that all notices to the public are provided in the same manner as notices regarding meetings of the City Council;
C) Providing of a meeting room, including any necessary audio/visual equipment; D) Preparing and copying documentary meeting materials, such as agendas and reports; E) Retaining all Oversight Committee records, and providing public access to such records on an Internet website maintained by the City; and
F) Attending all Oversight Committee proceedings and answering Committee questions on the use of funds.
16) TERMINATION
The Oversight Committee shall automatically disband if the enabling ordinance is revoked. 17) OVERSIGHT COMMITTEE ETHICS POLICY STATEMENT
This Ethics Policy Statement provides gene ral guidelines for the Oversight Committee members to following carrying out their roles. Not all ethical issues that Committee members face are covered in this Statement. However, this Statement captures some of the critical areas that help define ethical and professional conduct for Oversight Co mmittee members. The provisions of this Statemen t were developed from existi ng laws, rules, policies and procedures as well as from c oncepts that define generally accepted good business practices.

Committee members are expected to strictly adhere to the provisions of this Ethics Policy.

A) Conflict of Interest. An Oversight Committee member shall not make or influence a

City decision related to any City purchase or contract which will benefit the committee 224
City of Stockton, CA
§ 3.10.010 § 3.10.070
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member's outside employment, business, or a personal finance or benefit an immediate family member, such as a spouse, child or parent.

Oversight Committee:

Review whether expenditures of the funds comply with sales and use tax ordinance for provision of library and recreation services to improve the community.

Prepare report with the results of the fiscal year's work and submit a report to the City Council which will be made available to the public.
§ 3.10.030. Relevant authority.

Government Code and the Political Reform Act (Gov. Code Section 8 1000 et seq.) Articles 4 (commencing with Section 1090) and 4.7 (commencing with Section 1125) of Division 4 of Title

1. Ralph M. Brown Act.

Measure M Ordinance (2016-06-07-1212).
§ 3.10.040. Related administrative directive, city policy, city procedure.

None applicable.
§ 3.10.050. Related forms, documents, or links.

Statement of Economic Interests Form 700.
§ 3.10.060. Frequently asked questions.

None applicable.
§ 3.10.070. Update history.
8/22/17 - Adopted by Resolution No. 2017-08-22-1104
225

Resolution No.

STOCKTON CITY COUNCIL

RESOLUTION ADOPTING REVISED CITY COUNCIL POLICY CHAPTERS 3.02, 3.08, AND 3.10 RELATING TO BOARDS AND COMMISSION TERM LIMITS

Chapters 3.02, 3.08, and 3.10 of the Council Policy Manual address Board and Commission term limits; and

In December 2023, the Legislation/Environmental Committee reviewed and discussed revisions to the entire council policy manual. On October 23, 2024, the Committee w as presented with information regarding Term Limits for Boards and Commissions and following review and discussion, the Committee directed staff to make the following changes:

 Remove Term Limits
 Include Language to ensure members must reapply and be reconsidered prior to reappointment
 In Chapters 3.08 and 3.10 change term length from 2 to 4 years; and

On November 20, 2024, these changes were presented to the Committee, with exception to the term length for Chapter 3.10 which was determined by a vote of the people. After review, the Committee recommendation was forwarded to Council; and

Those changes are presented for Council consideration and approval ; now, therefore,

BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF STOCKTON, AS FOLLOWS:

1. The City Council approves the revisions to City Council Policy Manual Chapter 3.02, entitled “City Council and Mayoral Appointments to Committees, Boards, and Commissions ,” Chapter 3.08 entitled “ Measure W Oversight Committee ,” and Chapter 3.10, entitled Chapter 3.10 entitled “Strong Communities Oversight Committee” attached hereto as Exhibits 1, 2, and 3, and incorporated by this reference.

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226

2. The City Manager is hereby authorized to take appropriate and necessary actions to carry out the purpose and intent of this Resolution.

PASSED, APPROVED and ADOPTED: December 10, 2024 .

KEVIN J. LINCOLN II
Mayor of the City of Stockton
ATTEST:

KATHERINE ROLAND, CMC, CPMC
City Clerk of the City of Stockton
227
§ 3.02.010 Policy.
1) In 1975 the State Legislature amended Government Code Section 54957 of the Brown Act, removing "public officer" from those appointees that the Council could consider in executive session. This action resulted in the requirement that all discussions and deliberations by the City Council regarding appointments or confirmation of appointments are to take place in public at regular or special meetings of the City Council as opposed to closed executive sessions. This amendment was placed into effect January 1, 1976.
2) To comply with this new requirement, the City Council on January 19, 1976 adopted Resolution No. 32,937 establishing procedures for interviewing and confirming appointments in open Council session.

The resolution additionally incorporated the existing informal procedures of the City Council regarding such appointments.
3) On January 1, 1977, the Maddy Local Appointive List Act of 1975 (Section 54970 et seq. Government Code) became effective requiring, among other things, that:

A) A list of all appointive terms which will expire during the next calendar year, with the name of the incumbent appointee, the date of appointment, the date the term expires, and the necessary qualifications for the position.

B) A list of all boards, commissions, and committees whose members serve at the pleasure of the legislative body, and the necessary qualifications for each position.

C) These requirements are contained in this Council policy. 4) The purpose of this policy is to establish an orderly process to provide all citizens of Stockton equal access to specific and current information about the many regulatory and advisory boards, commissions, and committees appointed by the City Council and/or the Mayor, to provide for equal opportunity to be informed of vacancies which, from time to time, shall occur, and to provide for open sessions in the interview or confirmation appointment process. Hereafter, for sake of simplicity, all boards, commissions and committees appointed as set forth in the following Policy shall be referred to as "Commission" or "Commissions." A member of a board, commission or committee shall be referred to as a "Commissioner."
5) APPOINTMENTS LIST
A) Each year, on or before December 31, the City Clerk shall prepare and provide to the City Council an appointments list of all regular and ongoing Commissions which are appointed by the Stockton City Council, a Stockton City Councilmember or by the Mayor. The appointment list shall set forth the following information:

B) The appointments list shall be made available to members of the public on the City's website for free or a hard copy for a reasonable fee as indicated on the City's Fee Schedule.

Exhibit 1
228
6) VACANC

Y ANNOUNCEMENTS
Where a vacancy on a Commission exists or where by a Commissioner's term of office will expire, the City Clerk shall announce through the news and social media, and post notice thereof on the City's website and in the Office of the City Clerk, that a vacancy exists or that a term of office will expire. A standing contact list of community partners and organizations will be maintained by the Clerk’s Office to facilitate effective outreach. Announcements/postings shall indicate:

A) Title of the position;
B) Minimum qualifications;
C) Special residency requirements, if any;
D) Frequency of meetings of the Commission;
E) Remuneration, if any;
F) Where to submit an application;
G) Final date for submission of an application; and
H) Term of office.
7) APPLICATIONS
A) All applicants for Commission membership, including persons currently serving on a Commission who seek to be reappointed, shall complete and submit a uniform public service application form to the City Clerk's Office prior to the final time and date for submission of the application. An applicant may submit for consideration to more than one Commission, depending on the applicant's qualifications and interest
B) The City Council may appoint a person then serving on a Commission to serve on a different Commission after taking into account the number of other qualified application seeking appointment and whether the person's appointment to the different Commission is compatible with the person's current Commission service or creates the potential for overlapping subject matter jurisdiction.

D) The advertisement will remain open until the City Clerk has received one more application than the number of vacancies to be filled or 45 days from the date of the advertisement, whichever comes earlier, at which time the City Clerk will proceed to fill vacancies with the available applicants.

E) The City Clerk or other staff will review the applications to determine the applicant's compliance with this Policy and any other requirements specified in the Commission's Roster.

F) The City Clerk's office shall keep applications on file and applications shall be considered active for one year from the date received.

G) All applications shall be deemed to be public documents and shall be available for public inspection.

Nothing herein shall preclude the Mayor or an individual Councilmember from requesting additional or Exhibit 1
229
clarifying information of an applicant prior to the Council's consideration of the applicants for appointment as provided in this Policy.
8) STOCKTON RESIDENCY
Absent specific qualifying requirements to the contrary, all applicants and appointees to Commissions shall be residents of the City of Stockton during the term of their appointment. 9) PROHIBITION OF CITY EMPLOYEES
City Employees Prohibited. Because of potential conflicts between City employment and an employee serving on City Commissions, no City employee, with the exception of the staff person appointed to serve on the Successor Agency to the Redevelopment Agency, shall be appointed to a Commission. 10) APPLICANT INTERVIEWS
A) Except as provided below, the City department or affected agency that staffs a Commission for which there is a vacancy or for which a term of office will expire during the recruitment period shall prepare interview questions, reviewed and approved by the City Manager's Office, and forward the questions to the City Clerk. To the extent feasible, questions should be open-ended and limited to no more than five key queries. The City department or affected agency that staffs a Commission, in consultation with the City Manager's Office, will determine whether to provide the interview questions to the applicants ahead of the interview itself.

B) The City Clerk will notify the Council and the applicants regarding the date and time of the interviews.

The video stream of the interviews will remain on the City's website only until the Council concludes the appointment process.

C) The City Clerk shall notify all applicants of the time and place of the interviews, the amount of time allowed for the interview and the method by which the Council appointment shall be made. If notifying the candidates by electronic mail, the City Clerk shall also follow up with a phone call to the applicant.

Applicants who desire to withdraw from consideration shall notify the City Clerk, preferably in writing.

D) On the date and time of the interview, applicants will arrive at the designated location, date and time as set by the City Clerk.

E) Applicants will assemble in the designated location where the City Clerk/designee will provide the applicants with the following information:
i) Instructions regarding the interview procedure; and
ii) The date and time of the meeting at which the Council will be voting on the appointment; applicants may be asked by the Council to appear at this meeting.

Exhibit 1
230
Applicants will be excused at the end of the interview.

I) The City Council shall not appoint the City Council Salary Setting Commission. Applicants for that Commission shall be interviewed by the Civil Service Commission which will make the appointment (as provided in Charter Section 1912) and the Director of Human Resources shall notify the City Council of the appointment.
11) CITY COUNCIL APPOINTMENTS
A) Subsequent to the interviews, the City Clerk will immediately notify the Council that the interviews have been conducted and the date the Council will be voting on the appointments. The Council will have the opportunity to view the interviews during the live stream or may view the video stream at any time prior to the date set for Council appointment. Councilmembers shall limit conversation regarding the applicants amongst each other consistent with the Brown Act.

B) The City Clerk will prepare a staff report relative to the interviews conducted; this report will be placed on a regular meeting agenda for Council consideration on the date indicated to the applicants. The applicants are not required to appear at this meeting unless requested by a Councilmember before the appointment date. Any Councilmember may ask additional questions of the applicant(s) if the applicant has been requested to appear and has appeared at the meeting.

D) All discussions by the City Council regarding appointments or confirmation of appointments shall be conducted in compliance with the Brown Act. The appointment process shall not require a public hearing; however, persons desiring to comment on the applicants may do so prior to Council action. A Councilmember may ask questions or seek clarification from any applicant present at the meeting before the Council takes action.

E) If there is at least one more applicant than the number of vacancies from the list(s) so provided to the Council, each Councilmember, including the Mayor, will rank the applicants for each Commission such that the number of applicants that each Councilmember ranks will be one number greater than the number of vacancies and/or the number of Commission members whose terms will be expiring. (This will likely avoid tie votes.) For example, if there is only one vacancy or only one term expiring, the Councilmember's first choice for appointment will be ranked with the number "2" and the Councilmember's second choice with the number "1." If because of a vacancy and/or because of an expiring term, there is more than one appointment to a Commission, the Councilmember will assign to the Councilmember's first choice the higher(est) number and lesser number(s) to the Councilmember's other choice(s). For example, if there were one vacancy and one term expiring, each Councilmember would rank three applicants, assigning the number "3" to the Councilmember's first choice, the number "2" to the Councilmember's second choice and the number "1" to the third choice.

Exhibit 1
231
i) After the Council has ranked the applicants, the City Clerk will tally the rankings and the applicant(s) receiving the highest number(s) would, subject to Council ratification, be appointed. If there is a tie, then the process described in subsection E above will be repeated only as to the applicants who are tied. ii) In instances where there are a vacancy and an expiring term and the term of the vacant office is less than the new term of office, the applicant with the highest number will serve the new term of office and the applicant with the next highest number will serve the lesser term.

G) Should a vacancy occur within the first year of an appointment, the remainder of the unexpired term may be filled from the current, active pool without running a recruitment.

H) An appointment to fill an unexpired term shall become effective immediately. Other appointments shall become effective as of July 1st or January 1st, respectively. In the latter case, the serving Commissioners will continue to serve until the effective date of the new appointments. 12) APPOINTMENTS TO THE PLANNING COMMISSION
As to the Planning Commission, where a vacancy exists or a term of office is expiring from a particular Councilmember's District, the Councilmember from that District shall make the appointment subject to City Council approval; for the at-large Planning Commissioner, the Mayor shall make the appointment subject to City Council approval.
13) MAYORAL APPOINTMENTS
As to any appointments made by the Mayor (other than the Mayor's appointment to the Planning Commission), they shall be submitted on the next regular City Council meeting agenda. The City Council shall confirm or not confirm the appointment(s).
14) TERM OF OFFICE
Prior to the expiration of the term, persons who wish to continue service shall submit a new application to be eligible for consideration for appointment to a new term.

Exhibit 1
232
CHAPTER 3.08

MEASURE W OVERSIGHT COMMITTEE
§ 3.08.010. Policy.
1) A Citizen's Committee was established as required by the Program Guidelines developed by the City Council following the adoption of the ordinance entitled Funding for Police and Fire Protection Services in November 2004.
2) The Program Guidelines charge the Citizens' Committee to review whether expenditures of the funds were made as promised to Stockton residents in accordance with the ordinance creating a one -quarter cent sales and use tax for provision of police and fire personnel and services to protect the community. This policy establishes the responsibilities and processes to be used by the Citizens' Committee.
3) The Measure W Oversight Committee will have qualified members and a prescribed term of office, will be given pertinent information to monitor the special tax revenues and expenditures, will meet and report their findings as required by ordinance, and will operate using standards of ethics.
4) APPOINTMENTS
The City Council shall make appointments to the Oversight Committee by resolution. The Oversight Committee shall be composed of seven members. 5) QUALIFICATION STANDARDS
To be qualified a person must be at least 18 years of age and reside within the City's geographic boundary. The Oversight Committee may not include any employee or official of the City, or any vendor, contractor or consultant doing business with the City. 6) CONFLICTS OF INTEREST
By accepting appointment to the Oversight Committee, each member agrees to comply with
Articles 4 (commencing with Section 1090) and 4.7 (commencing with Section 1125) of Division 4 of Title 1 of the Government Code and the Political Reform Act (Gov. Code Section 81000 et seq.), and to complete the Form 700 as required by all "designated employees" of the City. Additionally, each member shall comply with the Oversight Committee Ethics Policy which is presented in subsection 14, below. 7) TERM
Oversight Committee members shall serve for a term of four years. 8) CHAIR
Exhibit 2
233
The Mayor shall appoint the initial Chair. Thereafter, the Oversight Committee shall annually elect a Chair and a Vice-Chair who shall act as Chair only when the chair is absent. 9) COMPENSATION
The Oversight Committee members shall not be compensated for their services. 10) INFORMATIONAL MATERIALS
At least quarterly, financial reports will be sent to each Oversight Committee member. The reports will show detailed lists of revenue and expenditure transactions to the Fund. 11) MEETINGS
A) The Oversight Committee shall conduct a mid-year meeting usually in February and an annual meeting each year following the closing of the prior fiscal year's books. The purpose of the midyear and annual meetings is for Oversight Committee members to review the revenues and expenditures of the Fund, and to ask for explanations and documentation from City staff. The annual meeting will also include the task of adopting an annual report of their findings for presentation to the City Council.

C) All meetings shall be held in the Stockton City Council Chambers or another room having space for the public to attend.

E) A majority of the Oversight Committee members shall constitute a quorum for the transaction of any business.

F) Except as otherwise provided by adopted Oversight Committee policies, City Council Policy, or applicable law, meetings shall be conducted in accordance with Robert's Rules of Order, Newly Revised.
12) AUTHORIZED ACTIVITIES
A) Review copies of revenue and expenditure reports for Measure W.

B) Receive and review copies of the City's annual independent audit which is required the ordinance.

C) Observe Public Safety activities for which tax proceeds have been or will be expended, in accordance with access procedures established by the City Manager.

D) Oversight Committee members shall not have the authority to direct staff of the City.

E) Individual members of the Oversight Committee retain the right to address the Council, Exhibit 2
234
either on behalf of the Committee or as an individual.
13) ANNUAL REPORT
Annually the Oversight Committee will submit a report to the City Council with the results of their work. The report is also made available to the public. 14) VACANCIES AND REMOVAL
A) The City Council shall fill any vacancies on the Oversight Committee.

B) The City Council may remove any Oversight Committee member for any reason, including failure to attend two consecutive Oversight Committee meetings without reasonable excuse or for failure to comply with the Committee Ethics Policy. Upon a member's removal, his or her seat shall be declared vacant. 15) CITY SUPPORT
The City shall provide to the Oversight Committee necessary technical and administrative assistance as follows:

A) Preparation of and posting of public notices as required by the Brown Act; B) Ensuring that all notices to the public are provided in the same manner as notices regarding meetings of the City Council;
C) Providing of a meeting room, including any necessary audio/visual equipment; Preparing and copying documentary meeting materials, such as agendas and reports; D) Retaining all Oversight Committee records, and providing public access to such records on an Internet website maintained by the City; and
E) Attending all Oversight Committee proceedings and answering Committee questions on the use of funds.
16) TERMINATION
The Oversight Committee shall automatically disband if the enabling ordinance is revoked. 17) CITIZENS' BOND OVERSIGHT COMMITTEE ETHICS POLICY STATEMENT This Ethics Policy Statement provides general guidelines for Oversight Committee members to following carrying out their roles. Not all ethical issues that Committee members face are
covered in this Statement. However, this Statement captures some of the critical areas that help define ethical and professional conduct for Oversight Committee members. The provisions of this Statement were developed from existing laws, rules, policies and procedures as well as from concepts that define generally accepted good business practices.

Committee members are expected to strictly adhere to the provisions of this Ethics Policy.

A) Conflict of Interest. An Oversight Committee member shall not make or influence a City decision related to any City purchase or contract which will benefit the committee member's outside employment, business, or a personal finance or benefit an immediate Exhibit 2
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family member, such as a spouse, child or parent.

B) Outside Employment. An Oversight Committee member shall not use his or her influence over a Committee matter to negotiate future employment with any person or organization that relates to a City purchase or contract. For a period of two years after leaving the Oversight Committee, a former Committee member may not represent any person or organization for compensation in connection with any matter pending before the City that, as a Committee member, he or she participated in personally and substantially.

Measure W Oversight Committee:

Review whether expenditures of the funds complied with sales and use tax ordinance for provision of police and fire personnel and services.

Prepare report with the results of year's work and submit a report to the City Council and make publically available.
§ 3.08.030. Relevant authority.

Government Code and the Political Reform Act (Gov. Code Section 81000 et seq.) Articles 4 (commencing with Section 1090) and 4.7 (commencing with Section 1125) of Division 4 of Title

1. Ralph M. Brown Act.

Measure W Ordinance.
§ 3.08.040. Related administrative directive, city policy, city procedure.

None applicable.
§ 3.08.050. Related forms, documents, or links.

Statement of Economic Interests Form 700.
§ 3.08.060. Frequently asked questions.

None applicable.
§ 3.08.070. Update history.
8/23/05 - Adopted by Resolution No. 05-0372
Exhibit 2
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1/26/16 - Amended by Resolution No. 2016-01-26-1203
Exhibit 2
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CHAPTER 3.10

STRONG COMMUNITIES OVERSIGHT COMMITTEE
§ 3.10.010. Policy.
1) An Oversight Committee is created as required by Ordinance 2016-06-07- 1212 entitled Library and Recreation Special Sales and Use Tax, adopted on November 8, 2016 by the voters of Stockton, which provides for a one -quarter cent special sales and use tax for provision of library and recreation services to improve the community. 2) The Oversight Committee is charged with reviewing whether expenditures of the funds related to the special sales and use tax (Strong Communities Fund) were made as represented to Stockton residents in accordance with the ordinance. This policy establishes the responsibilities and processes to be used by the Oversight Committee. 3) The Strong Communities Oversight Committee will have qualified members and a prescribed term of office, will be given pertinent information to monitor the special tax revenues and expenditures, will meet and report their findings as required by ordinance, and will operate using standards of ethics.
4) APPOINTMENTS
The City Council shall make appointments to the Oversight Committee by resolution. The Oversight Committee shall be composed of seven members. The Friends of the Stockton Library, The Library and Literacy Foundation of San Joaquin, Stockton Parks and Recreation Commission and the Stockton Recreation Foundation shall each have the opportunity to recommend candidates for the Committee to the City Council. In no event may the Committee include more than two members of each of the aforementioned groups. In addition, an ex- officio member of the Committee will be appointed from the Teen Leadership Council to serve as an advisory, non-voting member of the Committee.
5) QUALIFICATION STANDARDS
To be qualified a person must be at least 18 years of age and reside within the City's geographic boundary. The Oversight Committee may not include any employee or official of the City, or any vendor, contractor or consultant doing business with the City. 6) CONFLICTS OF INTEREST. By accepting appointment to the Oversight Committee, each member agrees to comply with Articles 4 (commencing with Section 1090) and 4.7 (commencing with Section 1125) of Division 4 of Title 1 of the Government Code and the Political Reform Act (Gov. Code Section 81000 et seq.), and to complete Form 700 as required by all "designated employees" of the City. Additionally, each member shall comply with the Oversight Committee Ethics Policy which is presented in subsection 14, below. 7) TERM
Oversight Committee members shall serve for a term of two years. 8) CHAIR
The Mayor shall appoint the initial Chair. Thereafter, the Oversight Committee shall annually elect a Chair and a Vice-Chair who shall act as Chair only when the Chair is absent.

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9) COMPENSATION
The Oversight Committee members shall not be compensated for their services. 10) INFORMATIONAL MATERIALS
At least quarterly, financial reports will be sent to each Oversight Committee member.

The reports will show detailed lists of revenue and expenditure transactions to the Strong Communities Fund.
11) MEETINGS
A) The Oversight Committee shall conduct a minimum of one annual meeting each year following the closing of the prior fiscal year's books. The purpose of the annual meeting is for Oversight Committee members to review the revenues and expenditures of the Fund, and to ask for explanations and documentation from City staff. The annual meeting will also include the task of adopting an annual report of their findings for presentation to the City Council.

C) All meetings shall be held in the Stockton City Council Chambers or another room having space for the public to attend.

E) A majority of the Oversight Committee members shall constitute a quorum for the transaction of any business.

F) Except as otherwise provided by adopted Oversight Committee policies, City Council Policy, or applicable law, meetings shall be conducted in accordance with Robert's Rules of Order.
12) AUTHORIZED ACTIVITIES
A) Review copies of revenue and expenditure reports for the Strong Communities Fund.

B) Receive and review copies of the City's annual independent audit which is required the ordinance.

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C) Oversight Committee members shall not have the authority to direct staff of the City.

D) Individual members of the Oversight Committee retain the right to address the Council, either on behalf of the Committee or as an individual.
13) ANNUAL REPORT
Annually the Oversight Committee will submit a report to the City Council with the results of their work. The report is also made available to the public. 14) VACANCIES AND REMOVAL
A) The City Council shall fill any vacancies on the Oversight Committee.

B) The City Council may remove any Oversight Committee member for any reason. Upon a member's removal, his or her seat shall be declared vacant. 15) CITY SUPPORT
The City shall provide to the Oversight Committee necessary technical and administrative assistance as follows:

A) Preparation of and posting of public notices as required by the Brown Act; B) Ensuring that all notices to the public are provided in the same manner as notices regarding meetings of the City Council;
C) Providing of a meeting room, including any necessary audio/visual equipment; D) Preparing and copying documentary meeting materials, such as agendas and reports; E) Retaining all Oversight Committee records, and providing public access to such records on an Internet website maintained by the City; and
F) Attending all Oversight Committee proceedings and answering Committee questions on the use of funds.
16) TERMINATION
The Oversight Committee shall automatically disband if the enabling ordinance is revoked. 17) OVERSIGHT COMMITTEE ETHICS POLICY STATEMENT
This Ethics Policy Statement provides general guidelines for the Oversight Committee members to following carrying out their roles. Not all ethical issues that Committee members face are covered in this Statement. However, this Statement captures some of the critical areas that help define ethical and professional conduct for Oversight Committee members. The provisions of this Statement were developed from existing laws, rules, policies and procedures as well as from concepts that define generally accepted good business practices.

Committee members are expected to strictly adhere to the provisions of this Ethics Policy.

A) Conflict of Interest. An Oversight Committee member shall not make or influence a

City decision related to any City purchase or contract which will benefit the committee Exhibit 3
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member's outside employment, business, or a personal finance or benefit an immediate family member, such as a spouse, child or parent.

B) Outside Employment. An Oversight Committee member shall not use his or her influence over a Committee matter to negotiate future employment with any person or organization that relates to a City purchase or contract. For a period of two years after leaving the Oversight Committee, a former Committee member may not represent any person or organization for compensation in connection with any matter pending before the City that, as a Committee member, he or she participated in personally and substantially.

Oversight Committee:

Review whether expenditures of the funds comply with sales and use tax ordinance for provision of library and recreation services to improve the community.

Prepare report with the results of the fiscal year's work and submit a report to the City Council which will be made available to the public.
§ 3.10.030. Relevant authority.

Government Code and the Political Reform Act (Gov. Code Section 81000 et seq.) Articles 4 (commencing with Section 1090) and 4.7 (commencing with Section 1125) of Division 4 of Title

1. Ralph M. Brown Act.

Measure M Ordinance (2016-06-07-1212).
§ 3.10.040. Related administrative directive, city policy, city procedure.

None applicable.
§ 3.10.050. Related forms, documents, or links.

Statement of Economic Interests Form 700.
§ 3.10.060. Frequently asked questions.

None applicable.
§ 3.10.070. Update history.
8/22/17 - Adopted by Resolution No. 2017-08-22-1104
Exhibit 3
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City of Stockton
Legislation Text
File #: 24-1140, Version: 1
ADOPT A RESOLUTION DECLARING AND CERTIFYING THE RESULTS OF THE NOVEMBER 5, 2024, CITY OF STOCKTON, GENERAL MUNICIPAL ELECTION

Summary
The November 5, 2024, General Municipal Election included four seats on the Stockton City Council for Councilmembers representing Council Districts 2, 4, 6 and the at-large position of the Mayor as well as two Measures for Charter Amendments. The State of California Elections Code requires the elections official to certify the results of the election to the governing body. Having received the canvass of votes from the San Joaquin County Registrar of Voters, the results are being presented to the City Council for acceptance.

DISCUSSION
State of California Election Code Sections 10262 through 10264 require the fact of the election and a statement of the results, which shall include the following, to be entered into the record and adopted by resolution:

1. The total number of votes cast in the city;

2. The names of persons voted for;

3. The measure(s) voted upon;

4. The offices for which each candidate was voted;

5. The number of votes given at each precinct to each person and for and against each measure; and,

6. The number of votes given in the city to each person and for and against each measure.

Present Situation
The total number of votes cast in the City of Stockton election was 90,804. The results of the November 5, 2024, General Municipal Election are shown in the Cumulative Results (Exhibit 1) of the resolution.

The names of the persons voted for, the offices for which they were voted, and the total number of votes given in the City to each person are as set forth in the Certificate of Facts prepared by the City of Stockton Printed on 12/6/2024Page 1 of 3
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Registrar, dated December 3, 2024, attached hereto as Attachment A, and incorporated herein.

The Measures voted for, the total number of votes given, are set forth in the Certificate of Facts prepared by the Registrar, dated December 3, 2024, attached hereto as Attachment B, and incorporated herein.

A summary of the results of the November 5, 2024, General Municipal Election are as follows:

Mayor
Christina Fugazi 45,674 54%
Tom Patti 38,902 46%
Councilmember, District 2
Mariela Ponce 6,616 59.52%
Waqar Rizvi 4,499 40.48%
Councilmember, District 4
Mario Enriquez 8,081 51.80%
Gina Valadez-Bracamonte 7,518 48.20%
Councilmember, District 6
Jason Lee 6,680 57.67%
Kimberly Warmsley 4,904 42.33%
Measure M
YES 59,220 74.98%
NO 19,763 25.02%
Measure N
YES 51,937 65.57%
NO 27,269 34.43%
Effective Dates of Elected Councilmembers and Measures
Elected Councilmembers representing Districts 2, 4, 6, and the Mayor will begin a four year term on January 1, 2025.

Measures M and N, with revisions to the Stockton City Charter will become effective soon after the text is filed and chaptered with the Secretary of State, pursuant to Government Code Section 34460.

The General Election Cumulative Results (Exhibit 1) and Certificates of Election of Facts (Exhibit 2) for the City of Stockton from the San Joaquin County General Municipal Election held on November 5, 2024, were prepared by the San Joaquin County Registrar of Voters, and are attached as exhibits to the resolution presented for adoption. The entire Statement of Votes Cast for San Joaquin County will be on file in the City Clerk’s Office.

FINANCIAL SUMMARY
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There is no financial impact to the City with this action.

Attachment A - Certificate of Facts - Council Office
Attachment B - Certificate of Facts - Measures
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Resolution No.

STOCKTON CITY COUNCIL
______________________________________________________________________

RESOLUTION DECLARING ELECTION RESULTS OF THE CITY OF STOCKTON GENERAL MUNICIPAL ELECTION OF NOVEMBER 5, 2024

A General Municipal Election was consolidated with the State of California Primary Election held on November 5, 2024, pursuant to Stockton City Charter Article VII; and

The San Joaquin County Registrar of Voters ("Registrar") was authorized to canvass the returns of the election; and

The Registrar has conducted the canvass and stated the results in the Cumulative Results of the November 5, 2024, General Election; and

California Elections Code sections 10262 , 10263, and 10264 require the adoption of a resolution r eciting the fact of the election and a statement of the results; now, therefore,

BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF STOCKTON, AS FOLLOWS:

1. The whole number of votes cast in the City of Stockton was 90,804 as confirmed by the Registrar.

2. The names of the persons voted for, the offices for which they were voted, and the total number of votes given in the City to each person are as set forth in the Cumulative Results prepared by the Registrar, dated December 3, 2024 , attached hereto as Exhibit 1, and incorporated herein.

3. The number of votes given to each person is as set forth in the Cumulative Results as prepared by the Registrar, dated December 3, 2024 , attached hereto as Exhibit 1, and incorporated herein.

4. CHRISTINA FUGAZI received the greatest number of votes for the office of MAYOR, and is hereby declared elected for a term commencing Janaury 1, 2025 , and terminating December 31, 2028.

5. MARIELA PONCE received the greatest number of votes for the office of COUNCILMEMBER from DISTRICT 2 and is hereby declared elected for a term commencing January 1, 2025, and terminating December 31, 2028.

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6. MARIO ENRIQUEZ received the greatest number of votes for the office of COUNCILMEMBER from DISTRICT 4 and is hereby declared elected for a term commencing January 1, 2025, and terminating December 31, 2028.

7. JASON LEE received the greatest number of vote s for the office of COUNCILMEMBER from DISTRICT 6 and is hereby declared elected for a term commencing January 1, 2025, and terminating December 31, 2028.

8. Measure M, with proposed amendments to the Stockton City Charter, passed.

9. Measure N, with pro posed amendments to the Stockton City Charter, passed.

PASSED, APPROVED, and ADOPTED: December 10, 2024 .

KEVIN J. LINCOLN II
Mayor of the City of Stockton
ATTEST:

KATHERINE ROLAND, CMC, CPMC
City Clerk of the City of Stockton

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City of Stockton
Legislation Text
File #: 24-1236, Version: 1

ADOPT A RESOLUTION TO AUTHORIZE SUBAGREEMENTS FOR THE CALIFORNIA VOLUNTEERS YOUTH SERVICE CORPS GRANT IN THE AMOUNT OF $1.2 MILLION

RECOMMENDATION
It is recommended that the City Council approve a resolution to:

1. Authorize the City Manager to execute agreements with two (2) subgrantees totaling $1,194,392.13 to implement youth workforce programs with the CaliforniansForAll Youth Service Corps grant funds.

2. Approve findings pursuant to Stockton Municipal Code section 3.68.070 to support and justify an exception to the competitive bidding process.

It is recommended that the resolution authorize the City Manager to take appropriate and necessary actions to carry out the purpose and intent of the resolution.

Summary
With Resolution 2024-07-09-1206, City Council accepted a $1.7M CaliforniansForAll Youth Service Corps Grant on July 9th, 2024. The intent of this grant is to fund programs administered by subgrantees resulting in increased youth employment in key areas of food insecurity, climate, education, and public service. Following execution of the grant agreement, staff issued a request for proposals to identify qualified subgrantees. Staff are recommending sub agreements for two (2) subgrantees totaling $1,194,392.13. The remaining funds ($579,271.87) will be used to support the third year of the City’s Youth Employment Summer Success (YESS) program.

DISCUSSION
Background
The California Volunteers’ CaliforniansForAll Youth Service Corps program is a State initiative administered by California Volunteers in partnership with California cities and counties. This program employs youth across the state to help address urgent challenges in their communities, while simultaneously providing opportunities to learn key skills, earn money, and help to create career pathways. To achieve these goals, the CaliforniansForAll Youth Service Corps appropriated grant funds to the 13 largest cities in California proportionately based on population. As the 11 th largest city
in California, the City of Stockton was issued $1,773,664.00 in grant funding to be used for a City program, and to subgrant funds to local existing Community Based Organizations that provide youth workforce development programs.

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Present Situation
The City released a Request For Proposals (RFP) in September 2024. Through the RFP process, the City has identified two (2) subgrantees who will use the funds to expand their existing youth workforce programs.

Parents by Choice (PbC) is a nonprofit organization founded in Stockton in 2006 with the mission to bring hope and healing to children, youth, and their families. Since inception, PbC has been dedicated to supporting at-risk children and have developed extensive community programming to support this population.

Parents by Choice Youth Workforce Development Program will provide a compassionate, understanding workplace for youth to help them transition into capable, independent adults who are stable and less reliant on systems of support.

Parents by Choice will provide employment opportunities for eighty-five (85) youth participants aged 16-30. Youth participants will receive $16.50 per hour and work a minimum of three months at one of Parents by Choice’s agency owned businesses located at the Courthouse Plaza downtown Stockton.

Youth participants will work in entry level positions such as receptionist, file clerk, maintenance, safety staff, barista, party host, retail associates, kitchen staff, wait staff, manager, and assistant manager positions.

During the three months of program participation, youth will also be supported with wrap services such as case management, on the job mentoring, job readiness training, leadership development, and transition planning to ensure successful transition to WorkNet or an outside employer.

Parents by Choice proposes a total budget of $694,392.13.

San Joaquin County Office of Education DBA Greater Valley Conservation Corps (GVCC) is a certified local conservation corps established in 2010. The purpose of GVCC is to inspire, educate, and serve our local youth and communities by proving opportunities to practice a strong work ethic and environmental stewardship. GVCC has maintained an 85% positive placement rate from transitioning corpsmembers out of GVCC program into full-time positions, vocational internships and/or postsecondary education opportunities. Examples of positive placements include City of Stockton, GRID Alternatives, Caltrans, Tesla, Brightview Landscaping, SJCOE Special Education, CodeStack Academy, Amazon, River Partners, CALFIRE, California State Parks, U.S. Forest Service, California State University Stanislaus, and California State University Sacramento Greater Valley Conservation Corps will provide outreach and recruitment to serve one hundred and one (101) individuals aged 18-26. Participants in this program will be employed as Corpsmembers and will receive employment opportunities in career pathways that will contribute to environmental and waste management, natural resource management, city action teams to minimize graffiti-litter abatement, and civic consciousness to support food drive and community awareness events.

Wraparound services are incorporated into the program to provide resources and support for Corpsmembers retention and their successful completion of the program. Wraparound services for Corpsmembers participating in this program include free academic and vocational education, mental City of Stockton Printed on 12/6/2024Page 2 of 3
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health support, safety and equipment training, case management, free meals, uniforms and clothing, career exploration, and job placement.

Greater Valley Conservation Corps proposes a total budget of $500.000.

Findings
Pursuant to Stockton Municipal Code (SMC) section 3.68.070, the Council may approve findings which support and justify an exception to the competitive bidding process.

The following findings support such an exception:

1. Use of the RFP process is appropriate for these agreements because it relies on the evaluation of professional qualifications, performance, and compliance with State issued grant funds as the basis for the selection of the vendors, which is a standard practice for this type of work.

2. The city negotiated the contracts following the solicitation of competitive proposals in accordance with SMC section 3.68.070.A.3.

Staff recommends the City Council approve the findings and adopt a resolution authorizing the City Manager to execute two (2) contracts in the amount of $1,194,392.13 with Parents by Choice and the Greater Valley Conservation Corps to implement youth workforce development programs.

FINANCIAL SUMMARY
This is a reimbursable grant program, meaning the subgrantees will pay for project related expenses in full, then submit documentation for reimbursement by the City. The City will then follow the same process, consolidating all grant related expenses per billing cycle, and submit documentation for reimbursement through the CaliforiansForAll Youth Workforce Grant. There will be no impact to the General Fund, all related costs will be supported by the grant funding. No matching funds are required for this grant.

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Resolution No.

STOCKTON CITY COUNCIL

RESOLUTION TO AUTHORIZE SUBAGREEMENT S FOR THE C ALIFORNIA VOLUNTEERS YOUTH SERVICE CORPS GRANT IN THE AMOUNT OF $1,194,392.13

The City of Stockton was awarded and accepted a $1,773,664 CaliforniasForAll (CFA) Youth Jobs Corps Round 2 Grant in July 2024; and

The City will use a portion of these funds to operate the Stockton Youth Employment Summer Success (YESS) program in summer 2025, and the remaining funds will go toward external youth workforce development programs; and

The City facilitated a competitive bidding process to award the remaining grant funds and has identified two (2) local organizations to administer youth workforce development programs that will impact over 180 youth; now, therefore,

BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF STOCKTON, AS FOLLOWS:

1. Authorize the City Manager to execute subagreements with Parents by Choice ($694,392.13) and the San Joaquin County Office of Education Grater Valley Conservation Corps ($500,000) totaling $1,194 ,392.13 to implement youth workforce programs with the CaliforniansForAll Youth Jobs Corps Round 2 grant funds (Exhibits 1 and 2).

2. Approve findings pursuant to Stockton Municipal Code Section 3.68.070 in support of an exception to the competitive bidding process:

a. Use of the RFP process is appropriate for these agreements because it relies on the evaluation of professional qualifications, performance, and compliance with State issued grant funds as the basis for the selection of the vendors, which is a standard practice for this type of work.

b. The City negotiated the contracts following the solicitation of competitive proposals in accordance with SMC section 3.68.070.A.3.
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3. The City Manager is hereby authorized to take whatever actions are necessary and appropriate to carry out the purpose and intent of this Resolution.

PASSED, APPROVED, and ADOPTED December 10, 2024 .

KEVIN J. LINCOLN II
ATTEST: Mayor of the City of Stockton

KATHERINE ROLAND, CMC
City Clerk of the City of Stockton
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City of Stockton
Legislation Text
File #: 24-1227, Version: 1

APPROVE AN ADDENDUM TO THE LICENSE AGREEMENT WITH ZENCITY TECHNOLOGIES

RECOMMENDATION
It is recommended that the City Council approve by motion:

2. Authorize the City Manager to continue this annual Software-as-a-Service (SaaS) subscription through the regular budget approval process.

It is also recommended that the City Manager be authorized to take appropriate and necessary action to carry out the purpose and intent of this motion.

Summary
In January 2022, the Office of Performance and Data Analytics (OPDA) entered into an administratively approved, single available source agreement with Zencity, a technology platform identified to support the overall objective of the OPDA. The current agreement is nearing its limit under the City Manager’s administrative authority. Staff has found the platform is an asset to the OPDA, the City’s strategic goal setting and planning workshops, and overall planning and implementation of the Council’s priority goals.

Staff is now requesting Council approval of the Annual License Agreement Addendum (Attachment A), and authority to continue the annual software subscription in order to preserve continuity of services.

DISCUSSION
Background
Since the establishment of the OPDA in May 2020, the City of Stockton has made implementation of a comprehensive and integrated performance management program a priority. The City’s goal, operationally, is to deliver better, faster, and smarter services to the community, in alignment with the Council’s established priority goals. To help gauge the community’s awareness and perception of City operations, the OPDA began looking for civic engagement opportunities to gather organic feedback that would ultimately help guide and prioritize the work of the City Manager and staff.

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In January of 2022, after reviewing software platforms and other opportunities providing such services, the OPDA determined that Zencity was able to provide the most robust platform specifically geared toward local government, for the sole purpose of garnering an in-depth understanding of citizen feedback. As a result, a single available source license agreement was administratively executed and Zencity began developing a civic engagement strategy for surveying and collecting data from the Stockton community.

To establish a baseline for civic engagement and community feedback, results from Zencity’s initial efforts were presented to the Council during its February 2023 Strategic Goal Setting and Planning Workshop. Since the 2023 workshop, Zencity continues to engage with the community, improving and expanding their efforts and strategies each time. The City Council approved the previous annual subscription in January of 2024, in preparation for the February 2024 Annual Strategic Goal Setting and Planning Workshop. The City wishes to continue services moving forward.

Present Situation
The City currently utilizes an annual “software as a service” licensing agreement for its base package with Zencity, while also adding additional surveys and services as needed. The initial agreement was approved administratively, within the City Manager’s contracting authority, following approval of a single available source justification in compliance with SMC 3.68 and administrative policy 17.05.130 - Justification for Sole Source, Sole Brand, and Single Available Source Procurements.

It is standard industry practice for software as a service platform to be controlled by annual software licensing agreements issued by the vendor. Because this is software as a service, it is cost prohibitive to advertise and compete a new procurement each year, and functionally inefficient to replace the platform each year.

In the first two calendar years of working with Zencity, the City has expended $99,000. In preparation for the 2024 calendar year, Council approved an annual software licensing renewal valued at $63,000.

Staff is now requesting that the Council approve the current annual software licensing renewal, also in the amount of $63,000, and authorize the City Manager to continue services under an annual software subscription through subsequent budget preparation and approval processes.

FINANCIAL SUMMARY
Funds have been budgeted in FY 2024-25 and are available in the Non-Departmental Citywide Special Services account. To support continuity of services in subsequent years, costs will be budgeted in the same account and subject to Council approval during the annual budget development process. This will allow the City to maintain its base package under the subscription based, annual licensing agreement.

Attachment A - Zencity License Agreement Addendum
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ZENCITY ORDER FORM ADDENDUM
This Addendum (the "Addendum") to Order Form by and between Stockton, CA ("Customer") and Zencity Technologies US Inc. ("Zencity"), dated as of 03-02-2022 (the ”Order Form") is entered into as of 03-02-2024 (the "Addendum Date").

All capitalized terms not de ﬁned herein shall have the meaning ascribed to such terms in the Order Form.

Whereas, the Parties wish to amend certain terms of the Order Form as set forth herein; Now, therefore, the Parties hereto agree to amend the terms of the Order Form as set forth below.

1. Term . The term of the Order Form is hereby extended for a 12 Months period commencing as of 03-02-2024 and ending on 03-02-2025 (the "Renewal Term").

2. Recurring Fees . [During the Renewal Term] The Recurring Fees table included in the Order Form shall be amended and replaced in its entirety as follows:

SKU Item Name Description Term Discounted
Term Price
ZC-
CSQ
Community
Survey -
Quarterly
Renewal
Recurring, online survey measuring resident satisfaction, with ongoing scores always viewable from a live dashboard and representative results aggregated into a report each quarter.
12 months $7,000
ZC-
ORG
Zencity
Organic
Renewal
SaaS Platform for gathering and processing organic feedback from channels throughout the client’s community and translating that data into quickly digestible analysis and personalized insights, for cities with 250,000+ residents, including:
● Full integration with all data sources provided by Zencity ● 6 annual Zencity Insight reports - veriﬁ ed
● Publishing and scheduling to social media accounts and collecting engagement analytics on o ﬃcial (agency operated) social media channels 12 months $36,000
ZC-PP Zencity
Pulse
Ad-hoc online survey for generating quick results on timely issues. Zencity handles distribution, with guaranteed representative results. Includes Executive-level presentation by industry experts to translate results into actionable recommendations.
12 months $20,000
ZC-
ENGE
Zencity
Engage
Essentials
Renewal
Community engagement interface to share essential project context and invite resident collaboration:
● One Engage domain with 3 active engagement projects
● All basic engagement templates with automatic translation to 29 languages ● Community Asks - simple templated polling with selected language translations 12 months FREE
Total Term Fees $63,000
General. This Addendum shall form an integral part of the Order Form. Unless expressly speci ﬁed herein, all other provisions, terms and conditions in the Order Form shall apply and shall remain in full force and e ﬀect. In case of any contradiction or discrepancy between the terms of this Addendum to those of the Order Form, with respect to matters described herein, the terms of this Addendum shall prevail.

In witness whereof, the parties have executed this Addendum, e ﬀective as of the Addendum Date. __________________________________ ____________________________________ Zencity Customer

ATTACHMENT A
339
City of Stockton
Legislation Text
File #: 24-1261, Version: 1
REVISED 2025 CITY COUNCIL/SUCCESSOR AGENCY/STOCKTON PUBLIC FINANCING

AUTHORITY/STOCKTON PARKING AUTHORITY MEETING CALENDAR

DISCUSSION
Background
By Motion 2024-11-19-1216, the Stockton City Council approved the 2025 Concurrent City Council/Successor Agency/Stockton Public Financing Authority/Stockton Parking Authority Meeting Calendar. After its approval, staff was informed of a scheduling conflict regarding the January 28, 2025 meeting.

Present Situation
A scheduling conflict with Council calendars and the League of California Cities Mayor and Council Members Academy dates has been identified. As a result, the staff is rescheduling the January 28, 2025 Council meeting to the week prior, to instead be held on January 21, 2025.

A Revised 2025 Concurrent City Council/Successor Agency/Stockton Public Financing Authority/Stockton Parking Authority Meeting Calendar has been included as Attachment A.

All other dates remain the same.

FINANCIAL SUMMARY
There is no direct financial impact to the City with this action.

Attachment A - REVISED 2025 Stockton City Council Meeting Calendar City of Stockton Printed on 12/6/2024Page 1 of 1
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August

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2025 STOCKTON CITY COUNCIL
MEETING CALENDAR*
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REVISED DRAFT

ATTACHMENT A
341
City of Stockton
Legislation Text
File #: 24-1253, Version: 1

ADOPT A RESOLUTION APPOINTING POSITIONS IN THE OFFICE OF THE MAYOR

RECOMMENDATION
It is recommended that the City Council adopt a resolution that:

1. Appoints new employees to fill two of the three upcoming vacancies in the Office of the Mayor; and

2. Authorize the City Manager to take whatever actions are necessary and appropriate to carry out the purpose and intent of the resolution.

Summary
Measure O, approved by voters on November 8, 2016, amends the Stockton City Charter to provide funding for no less than three positions in the Office of the Mayor: an Executive Assistant to the Mayor, a Public Information Officer, and a Senior Policy Advisor. It is at the pleasure of the Mayor, with City Council consent, that these positions are employed.

Kevin Lincoln will complete his term and vacate the Office of the Mayor--along with his administrative staff--on December 31, 2024. Christina Fugazi will begin her term as Mayor of the City of Stockton on January 1, 2025. The approval of the resolution before you will allow for the Mayor-Elect to transition into her role with administrative staff in place at the beginning of the term.

DISCUSSION
Background
Article XI, Section 1102, paragraph (n) of the City Charter authorizes the Mayor, with the advice and consent of Council, to appoint employees to the Office of the Mayor as may be necessary or desirable to assist in the work of the Mayor. Funding for Mayoral staff, however, was not previously required by Charter. Measure O, approved by voters on November 8, 2016, amended the Charter to require funding for no less than three Mayoral staff positions to be included in each annual budget.

These positions include an Executive Assistant, a Senior Policy Advisor, and a Public Information Officer. To comply with Measure O, and Article XI-A, Section 1151 of the City Charter, a Public Information Officer must be one of the three positions funded and assigned to the Office of the Mayor.

In November 2024, voters approved Measure M, which further clarifies the roles and responsibilities of the Mayoral Public Information Officer, under Charter Article XI-A.

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File #: 24-1253, Version: 1
Present Situation
On December 31, 2024, the term for current Mayor Kevin Lincoln will end. The term for Mayor-Elect Christina Fugazi will begin on January 1, 2025. In an effort to ensure a smooth and efficient transition into office, it is the desire of the Mayor-Elect to approve the appointment of two of her three positions in the Office of the Mayor. The appointments are as follows:

Executive Assistant to the Mayor:

Under direction of the Mayor, the Executive Assistant to the Mayor provides varied and often confidential administrative assistance to the Mayor and associated staff; performs work related to scheduling, preparation of ceremonial recognition documents, constituent correspondence and related work as assigned. The incumbent in this position serves at the pleasure of the Mayor. The City’s Class Specification has been included as Attachment A.

Mayor-Elect has selected Lynn Smith to serve in the position of Executive Assistant to the Mayor, starting at step 2 of the salary schedule, or $71,471.76 per year. A resume has been provided as Attachment A1.

Mayor’s Senior Policy Advisor:

Under direction of the Mayor, the Mayor’s Senior Policy Advisor plans, directs, coordinates, and evaluates the overall operations of the Mayor’s Office, to include a variety of advanced professional duties and analytical projects for the Mayor; acts as a liaison to City Council members; performs other duties for the Mayor’s Office as assigned. The incumbent in this position serves at the pleasure of the Mayor. The City’s Class Specification has been provided as Attachment B.

Mayor-Elect has selected Esperanza Vielma to serve in the position of Mayor’s Senior Policy Advisor, starting at step 3 of the salary schedule, or $103,432.56 per year. A resume has been provided as Attachment B1.

Mayoral Public Information Officer I/II:

Under direction of the Mayor, the Mayoral Public Information Officer I/II gathers and disseminates to the public and to the news media, in a timely manner, accurate and complete information concerning the Mayor's Office; performs other duties for the Mayor's Office as assigned. The incumbent in this position serves at the pleasure of the Mayor. The City’s Class Specification has been provided as Attachment C.

Mayor-Elect has not made a selection for appointment to this position at this time.

FINANCIAL SUMMARY
The annual cost for salaries and benefits for the Mayor’s staff are budgeted for, and approved, through the regular budget process. Funds are available in the General Fund - Mayor’s Regular Salaries account.

Attachment A - Class Spec - Executive Assistant to the Mayor Attachment A1 - Redacted Resume - Lynn Smith
Attachment B - Class Spec - Mayor’s Senior Policy Advisor Attachment B1 - Redacted Resume - Esperanza Vielma
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ATTACHMENT A
344
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/i255
/0 /9 /26 /2 /4 /11 /8 /12 /48/49/3/5/20 /8 /12 /i255 /47 /33 /4 /12 /4 /20 /4 /3 /2 /37 /49/1/33 /4 /12 /4 /20 /26/i255 /50 /i255 /38 /1 /5 /2 /20 /8 /5 /20 /i255 /2 /4 /20 /20 /4 /5 /10 /i255 /8 /5 /13 /i255 /2 /20 /8 /5 /13 /4 /5 /10 /i255 /7 /1 /16 /i255 /12 /1 /5 /10 /i255 /14 /3 /16 /4 /1 /13 /2 /i255 /1 /7 /i255 /20 /4/15/3/i255 /31 /9 /4 /12 /3 /i255 /1 /14 /3 /16 /8 /20 /4 /5 /10 /i255 /8 /i255 /32 /3 /26 /33 /1 /8 /16 /13 /42 /i255 /1 /11 /11 /8/2 /4 /1 /5 /8 /12 /31 /8 /12 /32 /4 /5 /10/21 /i255 /33 /3 /5 /13 /4 /5 /10 /21 /i255 /2 /20 /1 /1 /14 /4 /5 /10 /21 /i255 /32 /5 /3 /3 /12 /4 /5 /10 /21 /i255 /16 /3 /8 /11 /9 /4 /5 /10 /21 /i255 /14 /22 /2 /9 /4 /5 /10 /i255 /8 /5 /13 /i255 /14 /22 /12 /12 /4 /5 /10 /42 /39 /4 /7 /20 /4 /5 /10 /i255 /50/i255/35/11/11 /8 /2 /4 /1 /5 /8 /12 /i255 /12 /4 /7 /20 /4 /5 /10 /i255 /1 /7 /i255 /51 /52 /i255 /14 /1 /22 /5 /13 /2 /i255 /1 /16 /i255 /12 /3 /2 /2 /42 /53 /4 /2 /4 /1 /5 /i255 /50/i255 /38 /1 /5 /2 /20 /8 /5 /20 /i255 /22 /2 /3 /i255 /1 /7 /i255 /1 /30 /3 /16 /8 /12 /12 /i255 /30 /4 /2 /22 /8 /12 /i255 /11 /8 /14 /8 /33 /4 /12 /4 /20 /4 /3 /2 /42 /i255 /7 /16 /3 /34 /22 /3 /5 /20 /i255 /5 /3 /3 /13 /i255 /7 /1 /16 /i255 /22 /2 /3 /i255 /1 /7 /i255 /11 /1 /12 /1 /16 /i255 /14 /3 /16 /11 /3 /14 /20 /4 /1 /5 /21 /i255 /9 /8 /5/13 /48 /3 /26 /3 /11 /1 /1 /16 /13 /4 /5/8 /20 /4 /1 /5 /21 /i255 /16 /3 /8 /13 /4 /5 /10 /i255 /8 /5 /13 /48 /1 /16 /i255 /11 /12 /1 /2 /3 /i255 /22 /14 /i255 /31 /1 /16 /32 /42 /19 /3 /27 /20 /3 /16 /4/20 /26 /i255 /50 /i255 /54 /16 /3 /34 /22 /3 /5 /20 /i255 /9 /1 /12 /13 /4 /5 /10 /21 /i255 /10 /16 /8 /2 /14 /4 /5 /10 /21 /i255 /20 /26 /14 /4 /5 /10 /21 /i255 /16 /3 /14 /3 /20 /4 /20 /4 /30 /3 /i255/15/1/20 /4 /1 /5 /i255 /8 /5 /13 /i255 /31 /16 /4 /20 /4 /5 /10 /42 /55 /3 /8 /16 /4 /5 /10/48 /56 /8 /12 /32 /4 /5 /10 /i255 /50 /i255 /38 /1 /5 /2 /20 /8 /5 /20 /i255 /9 /3 /8 /16 /4 /5 /10 /i255 /8 /5 /13 /i255 /20 /8 /12 /32 /4 /5 /10 /i255 /1 /7 /i255 /5 /1 /16/15/8/12 /i255 /2 /14 /3 /3 /11 /9 /i255 /4 /5 /i255 /14 /3 /16 /2 /1 /5 /i255 /8 /5 /13 /i255 /1 /5 /i255 /20 /9 /3 /i255 /20 /3 /12 /3 /14 /9 /1 /5 /3/42 /35/11/11 /8 /2 /4 /1/5 /8 /12 /12 /26 /i255 /2 /14 /3 /8 /32 /4 /5 /10 /i255 /4 /5 /i255 /7 /16 /1 /5 /20 /i255 /1 /7 /i255 /12 /8 /16 /10 /3 /i255 /10 /16 /1 /22 /14 /2 /i255 /1 /7 /i255 /14 /3 /1 /14 /12 /3 /42 /41 /14 /3 /11 /4 /8 /12/i255 /36 /3 /34 /22 /4 /16 /3/15/3/5 /20 /2 /i255 /57 /i255 /54 /16 /3 /34 /22 /3 /5 /20 /12 /26 /i255 /16 /3 /34 /22 /4 /16 /3 /2 /i255 /31 /3 /3 /32 /3 /5 /13 /i255 /1 /16 /i255 /3 /30 /3 /5 /4 /5 /10 /i255 /31 /1 /16 /32 /42 /18/15/1/20 /4 /1/5 /8 /12 /48 /0 /2 /26 /11 /9 /1 /12 /1 /10 /4 /11 /8 /12 /i255 /50 /i255 /38 /1 /5 /2 /20 /8 /5 /20 /i255 /11 /1 /5 /11 /3 /5 /20 /16 /8 /20 /4 /1 /5 /21 /i255 /13 /3 /11 /4 /2 /4 /1 /5 /i255/15/8/32 /4 /5 /10 /i255 /8 /5 /13 /i255 /14 /22 /33 /12 /4 /11 /i255 /11 /1 /5 /20 /8 /11 /20 /42 /i255 /1 /11 /11 /8 /2 /4 /1 /5/8 /12 /i255 /8 /33 /4 /12 /4 /20 /26 /i255 /20 /1 /3 /27 /3 /16 /11 /4 /2/3 /i255 /2 /1 /22 /5 /13 /i255 /46 /22 /13 /10/15/3/5 /20 /21 /i255 /3 /2 /14 /3 /11 /4 /8 /12 /12 /26 /i255 /22 /5 /13 /3 /16 /i255 /2 /20 /16 /3 /2 /2 /7 /22 /12 /i255 /2 /4 /20 /22 /8 /20 /4 /1 /5 /2 /42 /i255 /8 /5 /13 /i255 /31 /1 /16 /32 /4 /5 /10 /i255 /8 /12 /1 /5 /3 /42 /18 /5 /30 /4 /16 /1 /5/15/3/5 /20 /8 /12 /i255 /38 /1 /5 /13 /4 /20 /4 /1 /5 /2 /i255 /50 /i255/35/11/11 /8 /2 /4 /1 /5 /8 /12 /i255 /3 /27 /14 /1 /2 /22 /16 /3 /i255 /20 /1 /i255 /5 /1 /4 /2 /3 /i255 /8 /5 /13 /i255 /1 /22 /20 /13 /1 /1 /16 /i255 /11 /1 /5 /13 /4 /20 /4 /1 /5 /2 /42 /i255 /8 /5 /13 /58/1/16 /32 /4 /5/10 /i255 /38 /1 /5 /13 /4 /20 /4 /1 /5 /2 /i255 /50 /i255 /0 /16 /4/15/8/16 /4 /12 /26 /i255 /14 /3 /16 /7 /1 /16/15/3/13 /i255 /4 /5 /i255 /8 /5 /i255 /1 /7 /7 /4 /11 /3 /i255 /3 /5 /30 /4 /16 /1 /5/15/3/5 /20 /i255 /31 /9 /4 /11 /9 /i255 /4 /2 /i255 /20 /26 /14 /4 /11 /8 /12 /12 /26 /i255/15/1/13 /3 /16 /8 /20 /3 /12 /26 /i255 /34/22 /4 /3 /20 /21 /i255 /33 /22 /20 /15/8/26 /i255 /33 /3 /i255 /12 /1 /22 /13 /i255 /8 /20 /i255 /20 /4/15/3/2 /28 /i255 /i255 /i255
/56 /9 /4 /2 /i255 /11 /12 /8 /2 /2 /i255 /2 /14 /3 /11 /4 /7 /4 /11 /8 /20 /4 /1 /5 /i255 /2 /9 /1 /22 /12 /13 /i255 /5 /1 /20 /i255 /33 /3 /i255 /4 /5 /20 /3 /16 /14 /16 /3 /20 /3 /13 /i255 /8 /2 /i255 /8 /12 /12 /i255 /4 /5 /11 /12 /22 /2 /4 /30 /3 /28 /i255 /i255 /59 /20 /i255 /4 /2 /i255 /4 /5 /20 /3 /5 /13 /3 /13 /i255 /20 /1 /i255 /4 /13 /3 /5 /20 /4 /7 /26 /i255 /20 /9 /3 /i255 /3 /2 /2 /3 /5 /20 /4 /8 /12 /i255 /7 /22 /5 /11 /20 /4 /1 /5 /2 /8 /5 /13 /i255 /16 /3 /34 /22 /4 /16 /3/15/3/5 /20 /i255 /1 /7 /i255 /20 /9 /4 /2 /i255 /46 /1 /33 /28 /i255 /i255 /59 /5 /11 /22/15/33/3 /5 /20 /2 /i255/15/8/26 /i255 /33 /3 /i255 /16 /3 /34 /22 /3 /2 /20 /3 /13 /i255 /20 /1 /i255 /14 /3 /16 /7 /1 /16/15/i255/46 /1 /33 /50 /16 /3 /12 /8 /20 /3 /13 /i255 /16 /3 /2 /14 /1 /5 /2 /4 /33 /4 /12 /4 /20 /4 /3 /2 /i255 /8 /5 /13 /i255 /20 /8 /2 /32 /2 /i255 /1 /20 /9 /3 /16

ATTACHMENT A
345
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Lynn Michelle Smith
Summary
Results-driven administrative professional with 20+ years of experience. Proven ability to build and maintain strong professional relationships, offering skillful support to both management and citizens in a municipal setting. Seeking a role with increased responsibility and authority to leverage my extensive experience and contribute to organizational success.

Skills
• Proficient in the terminology and practices of financial and account document processing, along with expertise in record-keeping and financial and statistical record-keeping principles and procedures. • Strong grasp of business arithmetic, statistical analysis, and fundamental financial techniques. • Skilled in auditing procedures to ensure accuracy and compliance. • In-depth understanding of record-keeping principles and practices. • Familiarity with applicable Federal, State, and local laws, regulatory codes, ordinances, as well as policies, procedures, and objectives relevant to the assigned area of responsibility. • Competent in the principles and practices of data collection and report preparation. • Well-versed in modern office practices, methods, and proficient use of computer equipment and applications, including word processing, database, and spreadsheet software. • Excellent command of English usage, spelling, vocabulary, grammar, and punctuation. • Adept in employing techniques for providing a high level of customer service by effectively dealing with the public.

Experience
OFFICE SPECIALIST, 10/2023
– present
City of Stockton, Municipal Water Services – Stockton, CA • Adminis
trative support for the Deputy Director, two Program Managers, three Supervisors, and two stormwater inspectors encompassing inspection entry, billing, record-keeping, data entry, and research. • Review, verify, process, report, and record a diverse range of financial transactions and documents, including invoices, reimbursements, disbursements, and related paperwork. Ensure the accuracy and timely processing of payments, checks, data, forms, and reports. • Collaborate in gathering, compiling, and analyzing financial, statistical, and operational data for reports submitted to county, state, and federal agencies.
• Take charge of compiling and submitting annual billing for City and County cost-sharing agreements. • Examine documents, records, forms, and computer printouts for accuracy, completeness, and adherence to applicable rules and regulations.

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PROCUREMENT SPECIALIST, 11/2022 – 10/2023
City of Stockton, Administrative Services – Stockton, CA

• A nalyze requisitions, verifying completeness and accuracy. Determine the specific materials, supplies, or equipment needed and collaborate with the requesting department to ensure accurate information and a clear understanding of order parameters. Provide comprehensive information about products and suppliers.
• G ather verbal or written price quotations and prepare formal specifications and bid packages (RFP, RFQ, RFI) when required. Assembling Council agenda information for the formal bid processes.

Conduct a detailed analysis of bids and proposals, make informed award recommendations, and meticulously prepare all necessary documentation.
• Collaborate closely with the Supervising Procurement Specialist, contributing to various aspects of the procurement function. This includes involvement in reprographics, store activities, and contract development.
• Assist with the disposal of surplus equipment, materials, and supplies, ensuring a streamlined and efficient process.

OFFICE SPECIALIST, 2/2019 – 11/2022
City of Stockton, Municipal Water Services – Stockton, CA • Administrative support for the Deputy Director, three Program Managers, three Supervisors, and two stormwater inspectors encompassing inspection entry, billing, record-keeping, data entry, and research. • Review, verify, process, report, and record a diverse range of financial transactions and documents, including invoices, reimbursements, disbursements, and related paperwork. Ensure the accuracy and timely processing of payments, checks, data, forms, and reports. • Collaborate in gathering, compiling, and analyzing financial, statistical, and operational data for reports submitted to county, state, and federal agencies.
• Take charge of compiling and submitting annual billing for City and County cost-sharing agreements. • Examine documents, records, forms, and computer printouts for accuracy, completeness, and adherence to applicable rules and regulations.

OFFICE SPECIALIST, 8/2015 - 2/2019
City of Stockton, Animal Services – Stockton, CA
• A dministrative support for the Shelter Manager, Shelter Supervisor, and a team of four Animal Control Officers. Responsibilities included adeptly managing record-keeping, efficient data entry, and in-depth research to facilitate operational excellence.
• Verified the precision of daily deposits to maintain financial accuracy and integrity. • D ispatched calls for service, demonstrating strong organizational and communication skills to facilitate a prompt and effective response.
• Managed the availability of office supplies, ensuring a well-equipped and efficient work environment for the team.

OFFICE SPECIALIST, 2/2014 – 7/2015
City of Stockton, Neighborhood Services – Stockton, CA
• A dministrative support for designated Code Enforcement Officers, ensuring efficient workflow and support.
• Timely executed billing tasks, verifying accuracy to maintain financial precision. • Calculated and furnished precise payoff statements reflecting any outstanding amounts on real property.
• H andled the processing of liens and lien releases on real property, maintaining compliance with established procedures.
• Fostered effective communication and interaction with attorneys, real estate agents, escrow officers, property owners, and prospective property owners to address and resolve code enforcement issues.

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REVENUE COLLECTOR, 2/2012 – 7/2015
City of Stockton, Administrative Services – Stockton, CA • Managed both field and office responsibilities associated with the investigation and collection of business license fees, utility payments, miscellaneous accounts receivables, contracts, and other City revenues.
• Conducted all pertinent collection activities on delinquent accounts, utilizing methods such as small claims court appearances, placement of liens on real property, or referral to the City Attorney or external collection agencies.
• Conducted thorough research and audits on overdue accounts, ensuring accuracy in the collection process.
• Utilized effective communication channels, including telephone, written correspondence, and in-person interactions, to assist debtors in finding feasible solutions to meet their financial obligations. • Documented all collection efforts with accuracy and honesty, maintaining a transparent record of proceedings.
• Demonstrated tact and professionalism in resolving challenging situations, approaching them with a firm yet friendly demeanor, even in interactions with irate customers. • Accomplished a successful collection of nearly 1 million in delinquencies during the tenure as a Revenue Collector.

REVENUE ASSISTANT, 2/2010 – 2/2012
City of Stockton, Administrative Services – Stockton, CA • Welcomed and assisted customers at the front utility counter, providing support for new utility services, service changes, or disconnections due to non-payment.
• Assisted in general office operations, contributing to business license processing, cashiering, treasury functions, miscellaneous accounts receivable, utility billing, and overall customer service. • Effectively addressed customer complaints, employing proactive resolution strategies to minimize escalations and ensure high customer satisfaction.

OFFICE ASSISTANT, 12/2006 – 2/2010
City of Stockton, Neighborhood Services – Stockton, CA
• Administrative support for designated Code Enforcement Officers, ensuring efficient workflow and support.
• Managed the reception area, welcoming visitors and responding to telephone and in-person inquiries for information.
• H andled the intake and distribution of incoming mail to the appropriate recipients. • Provided support to executives, managing additional projects with a proactive and adaptable approach. • Verified the precision of daily deposits to maintain financial accuracy and integrity.

Education and Training
• 2016 San Joaquin Delta College – Stockton, CA
AS, Real Estate
• 2012 San Joaquin Delta College – Stockton, CA
Real Estate Certificate

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City of Stockton
Mayor's Senior Policy Advisor
CLASS CODE 03175 SALARY $7,799.72 - $10,014.20 Monthly
$93,596.64 - $120,170.40 Annually
ESTABLISHED DATE January 24, 2017 REVISION DATE August 06, 2021

DEFINITION
Under direction of the Mayor, the Mayor’s Senior Policy Advisor plans, directs, coordinates, and evaluates the overall operations of the Mayor’s Office, to include a variety of advanced professional duties and analytical projects for the Mayor; acts as a liaison to City Council members; performs other duties for the Mayor’s Office as assigned.

The incumbent in this position serves at the pleasure of the Mayor.

CLASS CHARACTERISTICS
This at-will position plans, directs, coordinates, and evaluates the overall operation of the Mayor’s Office. Performs a variety of advanced professional duties and analytical projects; relieves the Mayor of administrative detail; acts as a liaison to City council members, ensures that constituent requests are met and works closely with the Mayor to develop policy agenda.

PRINCIPAL DUTIES (Illustrative Only)
Acts as an senior advisor to the Mayor.

Researches and helps develop the Mayor’s policy agenda.

Prepares and monitors office’s budget, including processing check requests, monitoring balances, and planning annual budget, as well as managing unexpected variables; monitors and researches items in City budget.

Monitors and researches items on City Council agenda and regularly briefs the Mayor.

Attends outside meetings during both workday and evenings.

Plans, organizes, executes, and presents status reports on Mayor’s mission, goals, and objectives.

In conjunction with the Public Information Officer and Community Relations Officer, coordinates office’s response to news or changing policy.

Attends Mayor office meetings.

Prepares and organizes Mayor’s meetings, including goals, location, equipment, agenda, participants, and any other variables.

Serves as liaison to City Council to explain Mayor’s policies.

Performs other or related duties as assigned.

QUALIFICATIONS

MINIMUM QUALIFICATIONS

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Possession of an Bachelor’s degree from an accredited four-year college or university with major course work in business administration, public policy, political science, or a closely related field; and five (5) years of experience directing a major public information programing; two (2) years of which must be in local government. Additional qualifying experience may be substituted for the required education on a year-for-year basis. Possession of a Master’s Degree in public policy is highly desirable.

Other Requirements:

Must possess a valid California driver’s license.

Multilingual skills are highly desirable.

Knowledge of:

Research methods, data analysis, and preparation of reports; Advanced administration, organization, and policy analysis of municipal government; Functions of the Mayor’s Office and City Council;
City political processes and procedures;
Current English usage; verbal and written communication; Public administration principles and practices;
Standard office practices and procedures, including basic business usage of personal computers including databases, spreadsheet and word processing;
The regulations, procedures, and services of municipal departments and agencies; and Pertinent federal, state, and local laws, codes and regulations.

Ability to:

Lead in the formulation, implementation, and coordination of City policies; Balance conflicting priorities in a public office environment; Communicate clearly and concisely, both orally and in writing; Collect, compile, analyze, and interpret statistical data; Research City policies and discuss policy recommendations to Mayor and Council; Establish and maintain effective working relationships; Tactfully respond in a timely manner to inquiries and concerns of the public; Ensure written materials are accurate, complete, current, well-organized, legible, concise, neat, and in proper grammatical form, by possessing strong writing, editing, and verbal presentation skills; Conduct research and compose communications on a wide variety of subjects requiring knowledge of City procedures and policies;
Proficient in using computer and a variety of software programs, applications, and technology; and Perform a broad range of lead or supervisory responsibilities over staff.

Physical/Mental Abilities:

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Vision - Constant use of overall visual capabilities; frequent need for use of color perception, hand/eye coordination, reading and/or close up work;
Dexterity – Constant repetitive motion and writing; occasional holding, grasping, and typing; Hearing/Talking - Constant hearing and talking of normal speech in person and on the telephone; Occasionally speaking in front of large groups of people; Special Requirements - May require frequent weekend or evening work; Emotional/Psychological - Constant concentration, decision making and public contact; occasional ability to exercise sound judgment, especially under stressful situations; and working alone; Environmental Conditions - Occasional exposure to noise; and Working Conditions - Primarily performed in an office environment which is typically moderately quiet, but may be loud at times and at some locations.

This class specification should not be interpreted as all inclusive. It is intended to identify the essential functions and requirement of this job. Incumbents may be requested to perform job-related responsibilities and tasks other than those stated in this specification. Any essential function or requirement of this class will be evaluated as necessary should an incumbent/applicant be unable to perform the function or requirement due to a disability as defined by the American with Disabilities Act (ADA). Reasonable accommodation for the specific disability will be made for the incumbent/applicant when possible.

HISTORICAL NOTE
Established: 01/24/2017
Resolution: 2017-01-24-1209
Spec Adopted: 02/02/2017
Amended: 12/14/2020
Amended & Retitled 08/06/2021

Unit: Unrepresented/MW
Employment Status: At-Will
FLSA Status Exempt
CS Status: Unclassified

Formerly titled: Mayor’s Senior Policy Advisor

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Esperanza Vielma
Objective
Dynamic and results-driven leader with extensive experience in public policy, community advocacy, and organizational management. Seeking to bring expertise in strategic planning, stakeholder engagement, and environmental justice to the role of Senior Policy Advisor to the Mayor, contributing to the betterment of Stockton’s diverse communities.

Professional Experience
Executive Director
Environmental Justice Coalition for Water (EJCW)
Stockton CA | August 2019 – Present
• Lead organizational efforts to educate and empower disadvantaged communities statewide including the San Joaquin Valley, enabling them to advocate for water justice and environmental equity.
• Developed and launched the Water Justice Leadership Training Series, training community leaders to address critical water issues and advocate before regulatory agencies.
• Spearheaded community engagement initiatives to recruit leaders for the Greater San Joaquin County (GSJC) Integrated Regional Water Management (IRWM) Region DAC Task Force.
• Instituted the Morrison Creek Revitalization Project for the City of Sacramento • Represents the organization in statewide coalitions, influencing environmental policies to improve conditions for vulnerable populations.

Founder and CEO
Café Coop
Stockton CA | October 2014 – Present
• Established San Joaquin County’s first business incubator to support micro-businesses and start-ups, with a focus on women of color and socially conscious ventures. • Partnered with PepsiCo Frito Lay on the $30 million ZANZEFF (Zero and Near Zero Emission Freight Facilities) project, serving as the community-based organization lead to implement an extensive community outreach plan. Organized media announcements • Collaborated with BNSF Railway Company and Wabtec on the $45 million ZANZEFF Flexible Solutions for Freight Facilities Project, supporting the demonstration of zero and near-zero emission technologies at BNSF railyards in Stockton and San Bernardino.

Engaged residents and key stakeholders in affected areas, raising awareness about the ATTACHMENT B1
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environmental benefits of the battery-electric locomotive and hybrid-electric RTG crane. Highlighted the project’s potential to reduce emissions along the Stockton-to- Barstow route and improve fuel economy by at least 10%
• Created the Annual H2O Hackathon, fostering innovation in water technology, now in its seventh year.
• Launched the San Joaquin Agricultural and Technology Summit, now in its third year, promoting cutting-edge advancements in agriculture and sustainability.

Co Founder
Coalition for Environmental Equity and Economics (CEEE) Stockton CA | January 2022 – Present
• Built a 250+ member statewide coalition advocating for environmental and economic justice, successfully halting the proposed solar tax while championing community power- building, energy democracy, and social equity.

Community Expert Partner
California Air Resources Board (CARB)
Sacramento CA | May 2023 – Present
• Co-developed CARB’s Community Engagement Model, facilitating collaborative solutions to address environmental inequities across California.

San Joaquin County At Large Representative
Environmental Justice Advisory Group (EJAG), San Joaquin Valley Air Pollution Control District
Fresno CA | April 2014 – Present
• Provided leadership as Chair, addressing air quality issues affecting disadvantaged communities and advocating for impactful regulatory changes. • Engaged as a stakeholder in the Stockton AB 617 Steering Committee, prioritizing community-focused air pollution solutions.

Education
Bachelor of Arts Double Major: Spanish and Chicano Studies University of California, Berkeley Class of 1991
Woodrow Wilson Fellowship in Public Policy and International Affairs University of Texas at Austin, The Lyndon B. Johnson School of Public Affairs, 1990 Certificate of Completion: Locally Sourced Energy and Microgrids: NREL Modeling Tools Arizona State University, 2023
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• Former Board Member of the Cal Alumni Association Board of Directors • President Cal Club San Joaquin
• Founding Executive Board Member, UC Wide Chicanx Latinx Alumni Association (CLAA)
• Served as Vice President UC Berkeley Chicanx Latinx Alumni Association (CLAA) • Advisory Board Member, UC Berkeley Latinx and the Environment

Boards and Leadership Roles
• Planning Commissioner, City of Stockton
• Advisory Board Member, Central Valley New Market Tax Credit (CVNMTC, LLC) • Community Advisory Committee, UC Davis Environmental Health Sciences Center • Founding Board Member, iHub San Joaquin
• Steering Committee Member, North Valley Thrive
• Outreach Committee Member, Port of Stockton
• Steering Committee Member, AB617 Stockton
• San Joaquin County Representative, San Joaquin Valley Rail Committee

Key Achievements
• Managed a top 60-member canvassing team for the Governor’s Office of Emergency Services' Get Out the Vaccine (GOTV) campaign, successfully registered residents for vaccinations through the My Turn portal. Increased the saturation rate over 30% • Selected for the Delta Leadership Program’s inaugural Class of 2016 by the California Delta Protection Commission.
• Recognized as a leader in environmental justice advocacy, touring the state to raise awareness and empower communities to advocate for their rights.

Skills and Expertise
• Policy Development and Analysis: Expertise in crafting and advocating for municipal and state-level environmental and equity policies.
• Community Engagement: Proven ability to mobilize and empower underserved populations.
• Budget Management: Successfully managed budgets for campaigns and nonprofit initiatives.
• Stakeholder Collaboration: Extensive experience liaising with governmental bodies, nonprofits, and private sectors.
• Event Leadership: Organized high-impact events, including summits, hackathons, and training series.

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• Public Speaking and Writing: Skilled communicator with experience addressing diverse audiences and authoring impactful reports and proposals.

References
Available upon request.

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City of Stockton
Mayoral Public Information Officer I
CLASS CODE 03394 SALARY $33.03 - $42.40 Hourly
$5,724.48 - $7,349.94 Monthly
$68,693.76 - $88,199.28 Annually
REVISION DATE November 20, 2024

DEFINITION
Under direction of the Mayor, the Mayoral Public Information Officer I/II gathers and disseminates to the public and to the news media, in a timely manner, accurate and complete information concerning the Mayor's Office; performs other duties for the Mayor's Office as assigned. The incumbent in this position serves at the pleasure of the Mayor.

CLASS CHARACTERISTICS
Public Information Officer I - This at-will position is the entry-level class in the Public Information Officer series, allowing incumbents to exercise sound independent judgment within established guidelines.

Public Information Officer II - This at-will position is the journey-level class in the Public Information Officer series, fully competent to perform the more responsible and difficult work, anticipates the needs of the community and proactively seeks to partner with community groups to execute the Mayor's vision. Incumbents will perform advanced professional level and analytical work that may entail lead responsibility for support staff and other specialists. This classification is distinguished from the City's Community Relations Officer in that the latter class has responsibility for public information and media and community relations for all City programs and activities and works under the direction of the City Manager.

PRINCIPAL DUTIES (Illustrative Only)
Acts as a Senior Communications Advisor to the Mayor.

Advises the Mayor on problems affecting communications and in developing and implementing strategies that strengthen the Mayor's community relations.

Assists the Mayor's Office in articulating programs before live audiences through the use of visuals and communications instruction.

Serves as Mayor's Press Secretary and spokesperson for the Mayor for inquiries from the media; arranges for interviews and appearances by the Mayor.

Responsible for overseeing work related to gathering and disseminating timely, accurate and complete information to the public and the media concerning activities of the Mayor.

Coordinates assigned activities, meetings, and events on behalf of the Mayor's Office.

Takes photographs, writes scripts, and makes speeches before various civic groups and other organizations on behalf of the Mayor.

Develops, organizes, monitors, and evaluates comprehensive communications for all outreach media, channels of communications, web content and social media used by the Mayor, including public

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presentations, printed materials, website and social media.

Responds to and resolves difficult, sensitive, or complex concerns from community members on behalf of the Mayor's Office.

In conjunction with the Mayor's Senior Policy Advisor and Executive Assistant, serves as liaison to City Council to explain Mayor's policies and projects.

Performs other or related duties as assigned.

QUALIFICATIONS
Public Information Officer I: Possession of a Bachelor's degree from an accredited four-year college or university with major course work in journalism, public relations, marketing, communications, or a closely related field; and two (2) years of public information, public relations, or communications experience. Additional qualifying experience may be substituted for the required education on a year-for-year basis.

Public Information Officer II: Possession of a Bachelor's degree from an accredited four-year college or university with major course work in journalism, public relations, marketing, communications or a closely related field; and five (5) years of experience directing a major public information program; two (2) years of which must be in local government. Additional qualifying experience may be substituted for the required education on a year-for-year basis.

Other Requirements:
• Must possess a valid California driver's license. Some positions may require the use of a personal or City vehicle on City business.
• Multilingual skills are highly desirable.

Knowledge of:

The theories, principles, techniques, and objectives of public relations as applied to municipal government;
Current English usage and journalistic styles, both print and broadcast; The regulations, procedures, and services of municipal departments and agencies; Advertising and public relations industry practices, methods, and trends; Opinion research;
Community engagement research methods;
Graphic design methods, principles, and techniques;
Audiovisual applications, technology, and equipment and its use; and Pertinent federal, state, and local laws, codes and regulations.

Ability to:

Plan and manage the Public Information Office activities for the Mayor, including community engagement, media relations, and online presence;
Communicate and listen effectively and respond in a timely, effective, positive and respectful manner; Ensure written materials are accurate, complete, current, well-organized, legible, concise, neat, and in proper grammatical form, by possessing strong writing, editing, and verbal presentation skills;

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Conduct research and compose communications on a wide variety of subjects requiring knowledge of City procedures and policies
Demonstrate self-confidence and high ethical standards; Promote, organize, and stimulate good relationship with neighborhood and community groups and other local officials on behalf of the Mayor's Office;
Work without direct supervision; plan and schedule calendars effectively; work cooperatively with others; Coordinate multiple projects and complex tasks simultaneously, in an environment with frequent interruptions; Proficient in using computer and a variety of software programs, applications, and technology; Perform a broad range of lead or supervisory responsibilities over staff, interns, and volunteers in the Mayor's Office;
Respond to inquiries or difficult issues and problems;
Work effectively with the City's Community Relations Officer or City Manager's Office to gather information regarding constituent issues and concerns;
Perform responsible professional work in a high-level position dealing with topics under intense public and media scrutiny and respond rapidly and appropriately as needed; Exercise sound judgment and make recommendations and decisions about public messages, the structure, format and content of information materials and presentation, including distinguishing sensitive or confidential information;
Ensure the absolute confidentiality of work-related issues, personnel records and City information as appropriate;
Recognize and maintain scope of, authority and appropriate boundaries when making decisions and commitments;
Work safely without presenting a direct threat to self or others; and Comprehend and make inferences from written material in the English language, Physical/Mental Abilities:

Mobility - Occasional sitting for long periods of time while operating a keyboard, walking, bending, stooping, kneeling, reaching, pushing and pulling;
Lifting - Occasional lifting and carrying of up to 25 pounds or less; Vision - Constant use of overall visual capabilities; frequent need for use of color perception, hand/eye coordination, reading and/or close up work;
Dexterity - Constant repetitive motion and writing; occasional holding, grasping, and typing; Hearing/Talking - Constant hearing and talking of normal speech in person and on the telephone; Occasionally speaking in front of large groups of people; Special Requirements - May require frequent weekend or evening work; Emotional/Psychological - Constant concentration, decision making and public contact; occasional ability to exercise sound judgment, especially under stressful situations; and working alone; Environmental Conditions - Occasional exposure to noise; and Working Conditions - Primarily performed in an office environment which is typically moderately quiet, but may be loud at times and at some locations,
This class specification should not be interpreted as all inclusive. It is intended to identify the essential functions and requirement of this job. Incumbents may be requested to pe1form job-related responsibilities and tasks other than those stated in this specification. Any essential function or requirement of this class will be evaluated as necessary should an incumbent/applicant be unable to perform the function or requirement due to a disability as

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defined by the American with Disabilities Act (ADA). Reasonable accommodation for the specific disability will be made for the incumbent/applicant when possible.

HISTORICAL NOTE
Established: 01/19/1959
Ordinance: 190-CS
Exempted: 08/01/1966
Ordinance: 1431-CS
Title Changed: 07/21/1968
Resolution: CS3827
Title Changed: 06/30/1998
Resolution: CC98-0268
Spec Amended: 08/14/2015
Spec Amended: 02/02/2017
Spec Amended: 11/20/2024
Unit:

PIO I: Unrepresented/MW
PIO II: Unrepresented/MW
Employment Status: At-Will
PIO I: Non-exempt
PIO II: Exempt
CS Status: Unclassified
Formerly Civic Information Officer

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City of Stockton
Mayoral Public Information Officer II
CLASS CODE 03174 SALARY $7,799.72 - $10,014.20 Monthly
$93,596.64 - $120,170.40 Annually
REVISION DATE November 20, 2024

PRINCIPAL DUTIES (Illustrative Only)

Acts as a Senior Communications Advisor to the Mayor.

Advises the Mayor on problems affecting communications and in developing and implementing strategies that strengthen the Mayor's community relations.

Assists the Mayor's Office in articulating programs before live audiences through the use of visuals and communications instruction.

Serves as Mayor's Press Secretary and spokesperson for the Mayor for inquiries from the media; arranges for interviews and appearances by the Mayor.

Responsible for overseeing work related to gathering and disseminating timely, accurate and complete information to the public and the media concerning activities of the Mayor.

Coordinates assigned activities, meetings, and events on behalf of the Mayor's Office.

Takes photographs, writes scripts, and makes speeches before various civic groups and other organizations on behalf of the Mayor.

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Develops, organizes, monitors, and evaluates comprehensive communications for all outreach media, channels of communications, web content and social media used by the Mayor, including public presentations, printed materials, website and social media.

Responds to and resolves difficult, sensitive, or complex concerns from community members on behalf of the Mayor's Office.

In conjunction with the Mayor's Senior Policy Advisor and Executive Assistant, serves as liaison to City Council to explain Mayor's policies and projects.

Performs other or related duties as assigned.

QUALIFICATIONS

Public Information Officer I: Possession of a Bachelor's degree from an accredited four-year college or university with major course work in journalism, public relations, marketing, communications, or a closely related field; and two (2) years of public information, public relations, or communications experience. Additional qualifying experience may be substituted for the required education on a year-for-year basis.

Knowledge of:

Ability to:

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Ensure written materials are accurate, complete, current, well-organized, legible, concise, neat, and in proper grammatical form, by possessing strong writing, editing, and verbal presentation skills; Conduct research and compose communications on a wide variety of subjects requiring knowledge of City procedures and policies
Demonstrate self-confidence and high ethical standards; Promote, organize, and stimulate good relationship with neighborhood and community groups and other local officials on behalf of the Mayor's Office;
Work without direct supervision; plan and schedule calendars effectively; work cooperatively with others; Coordinate multiple projects and complex tasks simultaneously, in an environment with frequent interruptions; Proficient in using computer and a variety of software programs, applications, and technology; Perform a broad range of lead or supervisory responsibilities over staff, interns, and volunteers in the Mayor's Office;
Respond to inquiries or difficult issues and problems;
Work effectively with the City's Community Relations Officer or City Manager's Office to gather information regarding constituent issues and concerns;
Perform responsible professional work in a high-level position dealing with topics under intense public and media scrutiny and respond rapidly and appropriately as needed; Exercise sound judgment and make recommendations and decisions about public messages, the structure, format and content of information materials and presentation, including distinguishing sensitive or confidential information;
Ensure the absolute confidentiality of work-related issues, personnel records and City information as appropriate;
Recognize and maintain scope of, authority and appropriate boundaries when making decisions and commitments;
Work safely without presenting a direct threat to self or others; and Comprehend and make inferences from written material in the English language, Physical/Mental Abilities:

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defined by the American with Disabilities Act (ADA). Reasonable accommodation for the specific disability will be made for the incumbent/applicant when possible.

PIO I: Unrepresented/MW
PIO II: Unrepresented/MW
Employment Status: At-Will
PIO I: Non-exempt
PIO II: Exempt
CS Status: Unclassified
Formerly Civic Information Officer

ATTACHMENT C
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Resolution No.

STOCKTON CITY COUNCIL

ADOPT A RESOLUTION APPOINTING POSITIONS IN THE OFFICE OF THE MAYOR

Article XI, Section 1102, paragraph (n) of the City Charter authorizes the Mayor, with the advice and consent of Council, to appoint employees to the Office of the Mayor as may be necessary or desirable to assist in the work of the Mayor; and

Funding for Mayoral staff, however, was not previously required by Charter.

Measure O, approved by voters on November 8, 2016, amended t he Charter to require funding for no less than three Mayoral staff positions to be included in each annual budget; and

These positions include an Executive Assistant, a Senior Policy Advisor, and a Public Information Officer; and

To comply with Measure O, and Article XI -A, Section 1151 of the City Charter, a Public Information Officer must be one of the three positions funded and assigned to the Office of the Mayor; and, now therefore,

BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF STOCKTON, AS FOLLOWS:

1. Appoints new employees to fill two of the three upcoming vacancies in the Office of the Mayor.

a. Lynn Smith as the Executive Assistant to the Mayor
b. Esperanza Vielma as the Mayor’s Senior Policy Advisor

2. Authorize the City Manager to take whatever actions are necessary and appropriate to carry out the purpose and intent of the Resolution.

PASSED, APPROVED, and ADOPTED December 10, 2024 .

KEVIN J LINCOLN II
Mayor of the City of Stockton
ATTEST:

KATHERINE ROLAND, CMC, CPMC
City Clerk of the City of Stockton
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City of Stockton
Legislation Text
File #: 24-1172, Version: 1

APPROVE A PROFESSIONAL SERVICES AGREEMENT WITH RANE COMMUNITY

DEVELOPMENT TO PROVIDE STAFF AUGMENTATION FOR HOMELESS SUPPORT SYSTEMS

RECOMMENDATION
It is recommended that the City Council by motion:

2. Authorize the City Manager to take necessary and appropriate actions to carry out the purpose and intent of this motion.

Summary
The California Interagency Council on Homelessness (Cal ICH) requires a regional adopted strategic homeless plan and shared goals. The City of Stockton, San Joaquin County (SJC), and the San Joaquin Continuum of Care (SJCoC) jointly adopted the Regional Homeless Action Plan in March of 2024 and applied for Round 5 of the Homeless Housing Assistance Program (HHAP) Grant. The entities are jointly responsible for implementing the shared goals and achieving outcomes approved by the State. The City of Stockton, in its role as the largest of the five incorporated cities in the County, has the primary responsibility of working with municipal partners on crafting a shared approach to engage and organize their local communities. This includes developing a shared approach to homeless outreach and engagement, emergency sheltering, and the development of affordable housing suitable for people experiencing homelessness. It also includes developing program partner expectations, building core competencies and ensuring that local community partners, including people with lived expertise and experiences in homelessness, receive information, training, and capacity-building assistance as needed to improve the delivery of services. Awarding this contract ensures the City meets State regulatory compliance requirements, builds capacity at the regional level and implements best practices.

DISCUSSION
Background
On September 29, 2023, the California Interagency Council on Homelessness (Cal ICH) announced the availability of HHAP Program Round 5 grant funding (HHAP 5). HHAP 5 is a $1 billion grant program authorized by Section 17 of AB 129 (Chapter 40, Statutes of 2023; Health & Safety Code (HSC) section 50230, et seq.), which was signed into law by Governor Gavin Newsom on July 10, City of Stockton Printed on 12/6/2024Page 1 of 3
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2023. This announcement of funding made available $760 million of the $1 billion appropriated to eligible cities, counties, and Continuums of Care (CoCs) as the HHAP 5 base allocations, and $9.5 million for planning allocations.

To be considered eligible for HHAP 5 base allocations, eligible applicants must have applied as part of a region and must be signatory to a Regionally Coordinated Homelessness Action Plan, which must be approved by Cal ICH.

The City, County and San Joaquin County Continuum of Care (SJCoC) decided that the City of Stockton was best positioned to lead the application process. The City submitted the application by the deadline of March 27, 2024. The Regional Plan was approved by Councill, Motion 2024-03-19- 1503 and funds were awarded on October 17, 2024. San Joaquin County as a region was awarded $14.07 million; of that total, the City of Stockton will receive $7.1 million.

Present Situation
Staff has prioritized, as indicated in the Homeless Regional Action Plan (Plan), building capacity within the region and accomplishing the foundational goals set forth in the adopted Plan. To accomplish this task, staff issued a Request for Proposals on September 26, 2024. Proposals were due to the City on October 24, 2024. Three proposals were received and scored using a standardized tool and City staff expertise.

Rane Community Development proposed the strongest work plan and has identified a highly qualified team with significant local resources and a firm understanding of the regional homeless system of care. The detailed work plan and timeline will ensure the region meets the scope of work activities within the timeline and funding expenditure deadlines.

Staff recommends the City Council approve the motion authorizing the execution of a Professional Services Agreement with Rane Community Development to:
· Analyze and provide project oversight for several HHAP-funded initiatives; · Strengthen the Homeless Service Provider Network;
· Facilitate and implement standardized partnership collaboration among funded; agencies to maximize outcomes;
· Provide strategic guidance and best practices for the HHAP Plan; and · Conduct stakeholder training and develop a community engagement framework.

Staff recommends approving the contract with Rane Community Development, funded by the System Support Category of HHAP Round 3 funds in the amount of $551,047.88, and HHAP Round 4 funds in the amount of $48,952.12, for the duration and completion of HHAP 5 goals and activities. HHAP 5 funding guidelines state that 75% of funds must be obligated by June 30, 2026, and all HHAP 5 funds must be expended by June 30, 2028.

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FINANCIAL SUMMARY
There is no impact to the City’s General Fund or any other unrestricted fund as a result of taking the recommended action. There is sufficient budget in the Special Grants Fund, Housing Division, in the HHAP 3 and 4 projects to support the recommendation.

Attachment A - Contract Rane Community Development
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ATTACHMENT A
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(REVISION 10.13.2024) 1

Exhibit A
Statement of Work

1. P roject Objectives

To augment staff capabilities to implement the adopted and approved goals of the Regional Homeless Action Plan of March 2024 and ensure compliance with state regulations while maximizing the recovery and beneficial uses of homeless funds such as Homeless Housing Assistance and Prevention (HHAP) funds, as others, in the local community. Through this work, Rane Community Development will:
a. Build capacity among staff and the network of homeless providers, b. Develop departmental homeless policy and program guidelines, c. Implement HHAP grant goals.

2. Project Scope

Rane Community Development (RaneCD) shall provide as needed consulting services to the City of Stockton and under the guidance and direction of the Economic Development Department and City Leadership for a period of three years: January 2025 – December 2027.

Project activities include:

Task 1. Capacity Building
• Research and compile best practices
• Gather stakeholder and practitioner input
• Convene practice specific planning forums
• Develop and implement program delivery expectations for service partners

Task 2. Collaboration and Policy Development
• Working in partnership with County HSA / Neighborhood Preservation Department leadership team, develop a joint approach to:
o contracting
o project management
o compliance review
o performance measures, such as, PIT Count
• EDD Homeless Policy updates, inclusive of:
o Contracting and monitoring procedures
o Program expectations and guidelines
o Other policies as needed

Task 3. HHAP Compliance and Metrics
• Working in partnership with County HSA / Neighborhood Preservation Department leadership team, develop a joint approach to:

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(REVISION 10.13.2024) 2

o Data collection and management
o Contractor reporting requirements
o Expectations for the HMIS and CES lead agencies
o Grant Reporting
• Create articulated pathways to map and document coordinated practices for housing navigation.

Task 4. Trainings and Homeless Symposium
• Annual Symposiums
o Activities to include:
 Venue and Logistics
 Keynote Speaker
 Breakout Sessions:
 Marketing and Outreach
 Participant Materials
 Post-Event Resource
• Housing Navigation Training on Practice Expectations
• Screening and Referral to Specialty Care Training on Practice Expectations • Rapid Re-Housing Training on Practice Expectations

Task 5. On Demand Consulting
• Determine needs, priorities, and strategies to support larger regional projects, including, but not limited to:
o Comprehensive approaches for treating homeless individuals with chronic and serious behavioral health concerns, intellectual or developmental disabilities, or long histories of system involvement (foster care, jail/prison, juvenile justice, etc.);
o Local revenue maximization through MediCal billable services under Enhanced Care Management and Community Support provisions. o Development of more permanent supported housing and very low-income affordable housing.
o Staff Support with HHAP implementation, NOFAs, Contracts, financial documentation

3. Major Deliverables

Year 1
• Development of shared agreements
• Practice Guidelines for Contracted Partners
• EDD’s departmental policy updates
Year 2
• Program partner training and technical assistance sessions • Practice adoption by funded programs
• EDD program staff contract monitoring guidance

ATTACHMENT A
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(REVISION 10.13.2024) 3

Year 3
• Program and impact evaluation report
• Recommendations of service needs and priorities
Annually
• Symposium
• Supply data to the City of Stockton Office of Data and Performance Analytics (OPDA)
• Support activities as it related to dashboard development

4. Tasks that Support the Deliverables

RaneCD will conduct a range of research and planning activities consistent with best practices for community needs assessments, program evaluation, and strategic planning, including but not limited to:

• Qualitative Research activities including interviews, focus groups, community meetings, literature reviews and observations.
• Quantitative Research activities including survey analysis, program data analysis (from HMIS) and data extractions from other applicable and verifiable sources including applicable public data sets.

Rane CD will work in partnership with local agencies and foster harmonious working relationships under the City’s guidance and direction.

5. Internal and External Standards and Guidelines

All work and activities will be geared to support and ensure the City’s compliance with applicable contractual and regulatory requirements as the recipient of State and Federal homeless program funds, including applicable HHAP and HUD standards.

6. Criteria of Acceptance of Deliverables

It is understood and agreed upon that the City of Stockton’s Economic Development Department will be responsible for the review and acceptance of work and deliverables.

RaneCD will deliver reports, trainings, materials and guidance of the highest caliber of professional standards. Materials that do not satisfy the City’s expectations will be reviewed and revised. All materials that represent the opinion and guidance of the City of Stockton shall be clearly noted. All materials that represent the opinion and recommendations of the consultant shall be clearly noted. If at any time, there are diverging opinions on directions or recommendations every effort will be made to align thinking and come to agreement. At no time will the consultant (Rane CD) release information to any partners or members of the public without the approval and authorization of EDD staff.

7. Notices

Pursuant to Exhibit C – General Terms and Conditions, Paragraph 15 – Notices, the mailing address for all required notices is as follows:

ATTACHMENT A
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(REVISION 10.13.2024) 4

Contractor: Rane Community Development City: City of Stockton 140 Paseo Del Rio Economic Development
Moraga, CA 94556 Attn: Carrie Wright
400 E. Main Sr., 4th Floor
Stockton, CA 95204

8. Option to Renew

The term of the Agreement may be extended by a written amendment executed by both parties.

9. Key Personnel

Kayce Rane
President, Rane Community Development
140 Paseo Del Rio
Moraga, CA 94556

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REV 2024-03-25
Exhibit B:

Insurance Requirements
(Professional Services)

Consultant shall procure and maintain for the duration of the contract insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance of the work hereunder by the Consultant, its agents, representatives, or employees.

MINIMUM SCOPE AND LIMIT OF INSURANCE

Coverage shall be at least as broad as:

1. Commercial General Liability (CGL): Insurance Services Office Form CG 00 01 covering CGL on an “occurrence” basis, including products and completed operations, property damage, bodily injury and personal & advertising injury with limits no less than $2,000,000 per occurrence. If a general aggregate limit applies, either the general aggregate limit shall apply separately to this project/location (ISO CG 25 03 or 25 04) or the general aggregate limit shall be twice the required occurrence limit.

2. Automobile Liability: Insurance Services Office Form Number CA 0001 covering, Code 1 (any auto), or if Consultant has no owned autos, Code 8 (hired) and 9 (non-owned), with limit no less than $1,000,000 per accident for bodily injury and property damage.

3. Workers’ Compensation insurance as required by the State of California, with Statutory Limits, and Employer’s Liability Insurance with limit of no less than $1,000,000 per accident for bodily injury or disease.
(Not required if consultant provides written verification it has no employees)

4. Professional Liability (Errors and Omissions) Insurance appropriates to the Consultant’s profession, with limit no less than $1,000,000 per occurrence or claim, $1,000,000 aggregate.

5. Sexual Abuse or Molestation (SAM) Liability: If the work will include contact with minors, and the CGL policy referenced above is not endorsed to include affirmative coverage for sexual abuse or molestation, Contractor shall obtain and maintain a policy covering Sexual Abuse and Molestation with a limit no less than $1,000,000 per occurrence or claim.

If the Consultant maintains broader coverage and/or higher limits than the minimums shown above, the City of Stockton requires and shall be entitled to the broader coverage and/or the higher limits maintained by the contractor. Any available insurance

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proceeds in excess of the specified minimum limits of insurance and coverage shall be available to the City of Stockton.

Other Insurance Provisions

The insurance policies are to contain, or be endorsed to contain, the following provisions:

Additional Insured Status
The City of Stockton, its officers, officials, employees, and volunteers are to be covered as additional insureds on the CGL policy with respect to liability arising out of work or operations performed by or on behalf of the Contractor including materials, parts, or equipment furnished in connection with such work or operations. General liability coverage can be provided in the form of an endorsement to the Contractor’s insurance (at least as broad as ISO Form CG 20 10 11 85 or if not available, through the addition of both CG 20 10, CG 20 26, CG 20 33, or CG 20 38; and CG 20 37 if a later edition is used). Additional insured Name of Organization shall read “City of Stockton, its officers, officials, employees, and volunteers.” Policy shall cover City of Stockton, its officers, officials, employees, and volunteers for all locations work is done under this contract.

Primary Coverage
For any claims related to this contract, the Contractor’s insurance coverage shall be primary and non-contributory and at least as broad as ISO CG 20 01 04 13 as respects the City of Stockton, its officers, officials, employees, and volunteers. Any insurance or self-insurance maintained by the City of Stockton, its officers, officials, employees, or volunteers shall be excess of the Contractor’s insurance and shall not contribute with it. This requirement shall also apply to any Excess or Umbrella liability policies. The City of Stockton does not accept endorsements limiting the Contractor’s insurance coverage to the sole negligence of the Named Insured.

Umbrella or Excess Policy
The Contractor may use Umbrella or Excess Policies to provide the liability limits as required in this agreement. This form of insurance will be acceptable provided that all of the Primary and Umbrella or Excess Policies shall provide all of the insurance coverages herein required, including, but not limited to, primary and non-contributory, additional insured, Self-Insured Retentions (SIRs), indemnity, and defense requirements. The Umbrella or Excess policies shall be provided on a true “following form” or broader coverage basis, with coverage at least as broad as provided on the underlying Commercial General Liability insurance. No insurance policies maintained by the Additional Insureds, whether primary or excess, and which also apply to a loss covered hereunder, shall be called upon to contribute to a loss until the Contractor’s primary and excess liability policies are exhausted.

Notice of Cancellation

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Each insurance policy required above shall provide that coverage shall not be canceled, except with notice to the City of Stockton.

Waiver of Subrogation
Contractor hereby grants to City of Stockton a waiver of any right to subrogation which any insurer of said Contractor may acquire against the City of Stockton by virtue of the payment of any loss under such insurance. Contractor agrees to obtain any endorsement that may be necessary to affect this waiver of subrogation, but this provision applies regardless of whether or not the City of Stockton has received a waiver of subrogation endorsement from the insurer.

Self -Insured Retentions

Self-insured retentions must be declared to and approved by the City of Stockton. The City of Stockton may require the Contractor to purchase coverage with a lower retention or provide proof of ability to pay losses and related investigations, claim administration, and defense expenses within the retention. The policy language shall provide, or be endorsed to provide, that the self-insured retention may be satisfied by either the named insured or City of Stockton. The CGL and any policies, including Excess liability policies, may not be subject to a self-insured retention (SIR) or deductible that exceeds $25,000 unless approved in writing by City of Stockton. Any and all deductibles and SIRs shall be the sole responsibility of Contractor or subcontractor who procured such insurance and shall not apply to the Indemnified Additional Insured Parties. City of Stockton may deduct from any amounts otherwise due Contractor to fund the SIR/deductible. Policies shall NOT contain any self-insured retention (SIR) provision that limits the satisfaction of the SIR to the Named. The policy must also provide that Defense costs, including the Allocated Loss Adjustment Expenses, will satisfy the SIR or deductible. City of Stockton reserves the right to obtain a copy of any policies and endorsements for verification.

Acceptability of Insurers
Insurance is to be placed with insurers authorized to conduct business in the state with a current A.M. Best’s rating of no less than A:VII, unless otherwise acceptable to the City of Stockton.

Claims Made Policies (Professional & Pollution only)
If any of the required policies provide claims-made coverage:

1. The Retroactive Date must be shown, and must be before the date of the contract or the beginning of contract work.

2. Insurance must be maintained and evidence of insurance must be provided for at least five (5) years after completion of the contract of work .

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3. If coverage is canceled or non-renewed, and not replaced wit h another claims -made policy form with a Retroactive Date prior to the contract effective date, the Contractor must purchase “extended reporting” coverage for a minimum of five (5) years after completion of work.

Verification of Coverage
Contractor shall furnish the City of Stockton with original certificates and amendatory endorsements or copies of the applicable policy language effecting coverage required by this clause and a copy of the Declarations and Endorsements Pages of the CGL and any Exce ss policies listing all policy endorsements. All certificates and endorsements and copies of the Declarations & Endorsements pages are to be received and approved by the City of Stockton before work commences. Howe ver, failure to o
bt
ain the required documents prior to the work b eginning shall not waive the Contractor’s obligation to provide them. The City of Stockton reserves the right to require complete, certified copies of all required insurance policies, including endorsements required by these specifications, at any time. City of Stockton reserves the right to modify these requirements, including limits, based on the nature of the risk, prior experience, insurer, coverage, or other sp ecial circumstances.

Subcontractors
Consultant shall require and verify that all subcontractors maintain insurance meeting all the requirements stated herein, and Contractor shall ensure that City of Stockton is an additional insured on insurance required from subcontractors.

Duration of Coverage
CGL & Excess liability policies for any construction related work, including, but not limited to, maintenance, service, or repair work, shall continue coverage for a mi
nimum of 5 years for Completed Operations liability coverage. Such Insurance must be maintained and evidence of insurance must be provided for at least five (5) years after completion of the contract of work .

Special Risk s or Circumstances
City of Stockton reserves the rig ht to modify these requirements, including limits, based on the nature of the risk, prior experience, in surer, coverage, or other special circ
umstances.

Certificate Holder Address
The address for mailing certificates, endorsements and notices shall be:

City of Stockton
Its Officers, Officials, Employees, and Volunteers
400 E
Main St, 3rd Floor – HR
Stockton, CA 95202

ATTACHMENT A
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EXHIBIT C

GENERAL T

ERMS AND CONDITIONS

1. Goods, Equipment and Services. Subject to the terms and conditions set forth in this Agreement, Contractor shall provide to City the services described in Exhibit A of the Agreement. Contractor shall provide said services at the time, place and in the manner specified in Exhibit A of the Agreement.

2. City Assistance, Facilities, Equipment and Clerical Support. Except as set forth in Exhibit A, Contractor shall, at its sole cost and expense, furnish and maintain all facilities and equipment that may be required for furnishing services pursuant to this Agreement. If applicable, City shall furnish to Contractor only the facilities and equipment listed in Exhibit A to the Agreement.

3. Compensation. City shall pay Contractor for services rendered pursuant to this Agreement as described more particularly in Exhibit A and Exhibit E to the Agreement.

3.1 Invoi
ces submitted by Contractor to City must contain a brief description of work performed, time spent and City reference number. Within thirty (30) days of receipt of Contractor’s invoice, City will review invoice, and if acceptable make payment on approved invoice.

3.2 Upon com
pletion of work and acceptance by City, Contractor shall have sixty (60) days in which to submit final invoicing for payment. An extension may be granted by City upon receiving a written request thirty (30) days in advance of said time limitation. The City shall have no obligation or liability to pay any invoice for work performed which the Contractor fails or neglects to submit within sixty (60) days, or any extension thereof granted by the City, after the work is accepted by the City.

4. Sufficiency of Contractor ’s Work . All Contractor services, work, and deliverables shall be performed in a good and workmanlike manner with due diligence in accordance with the degree of skill normally exercised by similar contractors supplying services and work of a similar nature, and in conformance with applicable laws, codes and professional standards. Contractor ’s work sh all be adequate and sufficient to meet the purposes of this Agreement.

5. Ownership of Work . All reports, work product, all other documents completed or partially completed by Contractor or its approved subcontractors, in performance of this Agreement, and if applicable, drawings, designs, and plan review comments shall become the property of the City. Any and all copyrightable subject matter in all materials is hereby assigned to the City and the Contractor and its approved subcontractors agree 1 ATTACHMENT A
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to execute any additional documents that may be necessary to evidence such assignment. All materials shall be delivered to the City upon completion or termination of the work under this Agreement. If any materials are lost, damaged or destroyed before final deliver y to the City, the Contractor shall replace them at its own expense.

Contractor and its approved subcontractors shall keep materials confidential. Materials shall not be used for purposes other than performance of services under this Agreement and shall not be disclosed to anyone not connected with these services, unless the City provides prior written consent.

6. Timeliness. Time is of the essence in this Agreement. Further, Contractor acknowledges that the failure of Contrac tor to comply with the time limit s described in Exhibit A and Exhibit F may result in economic or other losses to the City.

7. Changes. Both parties to this Agreement understand that it may become desirable or necessary during the term of this Agreement for City to modify the scope of services provided for under this Agreement. Any material extension or change in the scope of work shall be discussed with City and the change and cost shall be memorialized in a written amendment to the original contract prior to the performance of the additional work. Until the amendment is so executed, City will not be responsible to pay any charges Contractor may incur in performing such additional services, and Contractor shall not be required to perform any such additional services.

8. Amendment. No variation of the terms of this Agreement shall be valid unless an amendment is made in writing and signed by both parties.

9. Contractor’s Status.

9. 1 In performing the obligations set forth in this Agreement, Contractor shall have the status of an independent contractor and Contractor shall not be considered to be an employee of the City for any purpose. All persons working for or under the direction of Contractor are its agents and employees and are not agents or employees of City. Contractor by virtue of this Agreement, has no authority to bind or incur any obligation on behalf of City. Except as expressly provided in Exhibit A, Contractor has no authority or responsibility to exercise any rights or power vested in the City. No agent, officer or employee of the City is to be considered an employee of the Contractor. It is understood by both Contractor and City that this Agreement shall not be construed or considered under any circumstances to create an employer-employee relationship or a joint venture.

9.2 Contractor shall determine the method, details and means of performing the work and services to be provided by Contractor under this Agreement. Contractor shall be responsible to City only for the requirements and results specified in this Agreement and, except as expressly provided in this Agreement, shall not be subjected to City's 2 ATTACHMENT A
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control with respect to the physical action or activities of Contractor in fulfillment of this Agreement. Con tractor has control over the manner and means of performing the services under this Agreement. If necessary, Contractor has the responsibility for employing other persons or firms to assist Contractor in fulfilling the terms and obligations under this Agreement.

9.3 If in the performance of this Agreement any third persons are employed by Contractor, such persons shall be entirely and exclusively under the direction, supervision and control of Contractor. All terms of employment including hours, wages, working conditions, discipline, hiring and discharging or any other term of employment or requirements of law shall be determined by the Contractor.

9.4 It is further understood and agreed that Contractor must issue W -2 forms or other forms as required by law for income and employment tax purposes for all of Contractor's assigned personnel under the terms and conditions of this Agreement.

10. Subcontractor.

10.1 Subcontractors shall not be recognized as having any direct or contractual relationship with City. Contractor shall be responsible for the work of subcontractors, which shall
be subject to the provisions of this Agreement. Subcontractors will be provided with a copy of the Agreement and be bound by its terms. Contractor is responsible to City
for the acts and omissions of its subcontractors and persons directly or indirectly employed by them.

10.2 If in the performance
of this Agreement any third persons are employed by
Contractor, such persons shall be entirely and exclusively under the direction, supervision and control of Contractor. All terms of employment including hours, wages working conditions, discipline, hiring, and discharging or any other term of employment or r
equirement of law shall be determined by Contractor.

10.3 It is further understood and agreed that all Subcontractors must issue W-2 forms or other forms as required by law for income and employment tax purposes for all of Subcontractors personnel.

11. Termination.

11.1 Termination for Convenience of City. The City may terminate this Agreement at any time by mailing a notice in writing to Contractor. The Agreement shall then be deemed terminated, and no further work shall be performed by Contractor. If the Agreement is so terminated, the Contractor shall be paid for the work actually completed at the time the notice of termination is received. 3 ATTACHMENT A
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11. 2 Should either party default in the performance of this Agreement or materially breach any of its provisions, the other party, at that party ’s option, may terminate this Agreement by giving written notification to the other party.

11.3 Funding- Non-Appropriation. It is mutually understood between the Parties that payment to the Contractor for performance shall be dependent upon the availability of appropriations by the City Council for the purposes of this Agreement. No legal liability on the part of the City for any payment may arise under this Agreement until funds are made available and until the Contractor has received funding availability, which will be confirmed in writing. If funding for any fiscal year is reduced or deleted, or if the City loses funding for any reason, the City, in its sole discretion, shall have the option to either (a) cause this Agreement to be canceled or terminated pursuant to applicable provisions of the Agreement; or (b) offer to amend the Agreement to reflect the reduced funding for this Agreement.

12. Non-Assignability. The Contractor s hall not assign, sublet, or transfer this Agreement or any interest or obligation in the Agreement without the prior written consent of the City, and then only upon such terms and conditions as City m ay set forth in writing. Contractor shall be solely responsible for reimbursing subcontractors.

13. Indemnity and Hold
Harmless. To the fullest extent permitted by law,
Contractor shall hold harmless, defend
and indemnify City of Stockton and
its officers, officials, employees and volunteers from and against any and all liability, loss, damage, expense, cos
ts (including without limitation costs and
fees of litigation) of every
nature arising out of or in connection with
Contractor’s performance of work hereunder or its failure to comply with any of its obligations contained in
this agreement, except such loss or damage
which was caused by the
sole negligence or willful misconduct of the City
of Stockton. This obligation is independent of, and shall not in any way be limited by, the minimum insurance
obligations contained in this agreement.

These obligations shall survive the completion or termination of this agreement.

14. Insurance. During
the term of this Agreement, Contractor shall maintain in full force and effect at its own cost and expense the insurance coverage as set forth in the attached Exhibit B to this A
greement and shall otherwise comply with the
other provisions of
Exhibit B to this Agreement.

15. Notices. All notices herein required shall be in writing and shall be sent by certified or registered mail, postage prepaid, addr
essed in Exhibit A to this Agreement.

16. Conformance to Applicable Laws
. Contractor shall comply with all
applicable Federal, State, and Municipal laws, rules, and ordinances. Contractor shall not discriminate in the employment of persons or in the provision of services under this Agreement
on the basis of any legally protected classification, including race, color, national origin, ancestry, sex or religion of such person. 4 ATTACHMENT A
381
(Rev. 10.30.18; Mod 05.08.23 RM; Mod 03.27.24 RM)

17. Licenses, Certifications and Permits . Prior to the City ’s execution of this Agreement and prior to the Contractor’s engaging in any operation or activity set forth in this Agreement, Contractor shall obtain a City of Stockton business license, which must be kept in effect during the term of this Agreement. Contractor covenants that it has obtained all certificates, licenses, permits and the like required to perform the services under this Agreement. Such licenses, certificates and permits shall be maintained in full force and effect during the term of this Agreement.

18. Records and Audits . Contractor shall maintain all records regarding this Agreement and the services performed for a period of three (3) years from the date that final payment is made. At any time during normal business hours, the records shall be made available to the City to inspect and audit. To the extent Contractor renders services on a time and materials basis, Contractor shall maintain complete and accurate accounting records, in a form prescribed by City or, if not prescribed by City, in accordance with generally accepted accounting principles, such records to include, but not be limited to, payroll records, attendance cards, time sheets, and job summaries.

19. Confidentiality. Contractor shall exercise reasonable precautions to prevent the unauthorized disclosure and use of City reports, information or conclusions.

20. Conflicts of Interest . Contractor covenants that other than this Agr eement, Contractor has no financial interest with any official, employee or other representative of the City. Contractor and its principals do not have any financial interest in real property, sources of income or investment that would be affected in any m anner of degree by the performance of Contractor ’s services under this Ag reement. If such an interest arises, Contractor shall immediately notify the City.

21. Waiver . In the event either City or Contractor at any time waive any breach of this Agreement by the other, such waiver shall not constitute a waiver of any other or succeeding breach of this Agreement, whether of the same or of any other covenant, condition or obligation. No payment, partial payment, acceptance, or partial acceptance by City shall operate as a waiver on the part of City of any of its rights under this Agreement.

22. Governing Law . California law shall govern any legal action pursuant to this Agreement with venue for all claims in the Superior Court of the County of San Joaquin, Stockton Branch or, where applicable, in the Federal District Court of California, Eastern District, Sacramento Division.

23. No Personal Liability. No official or employee of City shall be personally liable to Contractor in the event of any default or breach by the Cit y or for any amount due Contractor.
5 ATTACHMENT A
382
(Rev. 10.30.18; Mod 05.08.23 RM; Mod 03.27.24 RM)

24. Severability. If any portion of this Agreement or application thereof to any person or circumstance shall be declared invalid by a court of competent jurisdiction or if it is found in contravention of any federal, state or city statue, ordinance or regulation the remaining provisions of this Agreement or the application thereof shall not be invalidated thereby and shall remain in full force and effect to the extent that the provisions of this Agreement are severable.

25. Non-Discrimination. During the performance of this Agreement, Contractor and its officers, employees, agents, representatives or subcontractors shall not unlawfully discriminate in violation of any federal, state, or local law, rule or regulation against any employee, applicant for employment or person receiving services under this Agreement because of race, religion, color, national origin, ancestry, physical or mental disability, medical condition (including genetic characteristics), marital status, age, political affiliation, gender identity, gender expression, sex or sexual orientation, family and medical care leave, pregnancy leave, or disability leave. Contractor and its officers, employees, agents, representative or subcontractors shall comply with all applicable Federal, State and local laws and regulations related to non- discrimination and equal opportunity, including without limitation the City ’s nondiscrimination policy; the Fair Employment and Housing Act (Government Code sections 12990 (et seq.); California Labor Code sections 1101, 1102 and 1102.1; the Federal Civil Rights Act of 1964 (P.L. 88-352), as amended; and all applicable regulations promulgated in the California Code of Regulation or Code of Federal Regulations. Title VI of the Civil Rights Act of 1964 requires that “no person in the United States shall, on the grounds of race, color, or national origin be excluded from participation in, be denied the benefits of, or be subjected to discrimination under any program or activity receiving federal financial

assistance.” (42 USC Section 2000d).
http://www.dol.gov/oasam/regs/statutes/titlevi.htm. The City requires compliance with the requirements of Title VI in all of its programs and activities regardless of funding source.

26. Force Majeure. Neithe r party shall be responsible for delays or failures in performance resulting from acts of God, acts of civil or military authority, terrorism, fire, flood, strikes, war, epidemics, pandemics, shortage of power or other acts or causes reasonably beyond the control of that party. The party experiencing the force majeure event agrees to give the other party notice promptly following the occurrence of a for ce majeure event, and to use diligent efforts to re- commence performance as promptly as commercially practicable.

27. Taxes and Charges. Contractor shall be responsible for payment of all taxes, fees, contributions or charges applicable to the conduct of the Contractor’s business.

28. Cumulative Rights. Any specific right or remedy provided in this Agreement will not be exclusive but will be cumulative of all other rights and remedies to which may be legally entitled.
6 ATTACHMENT A
383
(Rev. 10.30.18; Mod 05.08.23 RM; Mod 03.27.24 RM)

29. Advice of Attorney. Each party warrants and represents that in executing this Agreement, it has received independent legal advice from its attorn eys or the opportunity to seek such advice.

30. Heading Not Controlling. Headings used in this Agreement are for reference purposes only and shall not be considered in construing this Agreement.

31. Entire Agreement, Integration, and Modification.

31.1 This Agreement represents the entire integrated agreement between Contractor and the City; supersedes all prior negotiations, representations, or agreements, either written or oral between the parties and may be amended only by a written Amendment signed by the Contractor and City Manager.

31.2 All Exhibits to this Agreement and this Agreement are intended to be construed as a single document.

32. Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed an original. All counterparts shall be construed together and shall constitute one agreement.

33. Authority. The individual(s) executing this Agreement represent and warrant that they have the legal capacity and authority to do so on behalf of their respective legal entities.
7 ATTACHMENT A
384
1 (Rev. 07.12.22)

EXHIBIT D

PROFESSIONAL SERVICES SPECIAL TERMS AND CONDITIONS

1. Definitions. Th e following words and phrases have the following meanings for purposes of this Agreement:

1.1 "
Services" means, collectively, the services, duties and responsibilities described in Exhibit A of this Agreement and any and all work necessary to complete them or carry them out fully and to the standard of performance required in this Agreement.

1.2 “Deliverable” means quantifiable goods or services that will be provided upon completion of a project. A deliverable is any tangible material, work or thing delivered by one party to the other, including associated technical documentation. A deliverable can be tangible or intangible parts of the development process, and often are specified functions or characteristics of the project.

2. General. T
he following terms and conditions are applicable for the Professional Services only. The special conditions shall be read in conjunction with the Standard Agreement, General Terms and Conditions (“GTC”) Exhibit C, and all other Exhibits identified in the Standard Agreement.

2.1 W
here any portion of the GTC is in conflict to or at variance with any provisions of the Special Conditions of the Agreement, then unless a different intention stated, the provision(s) of the Special Conditions of the Agreement shall be deemed to override the provision(s) of GTC only to the extent that such conflict or variations in the Special Conditions of the Agreement are not possible of being reconciled with the provisions of the GTC.

2.2 In the case of modification of a part or provision of the GTC , the unaltered part or provision, or both shall remain in effect. The Special Conditions shall relate to a particular project and be peculiar to that project but shall not weaken the character or intent of the GTC.

3. Time for Performance.

3.1 Contractor shall perform the services according to the schedule contained in Exhibit F.

3.2 Timeliness of Performance i) Contractor shall provide the S ervices, and Deliverables within the term and within the time limits required under this Agreement, pursuant to the provisions of Exhibit A and Exhibit F. ii) Neither Contractor nor Contractor’s agents, employees nor subcontractors are entitled to any damages from the City, nor is any party entitled to be reimbursed by the City, for damages, charges or other

ATTACHMENT A
385
2 (Rev. 07.12.22)
losses or expenses incurred by Contractor by reason of delays or hindrances in the performance of the Services, whether or not caused by the City.

4. Standard of Performance

In addition to Exhibit C, Section 4 and 17, Contractor agrees as follows:

4.1 Contractor’s S ervices shall be performed in accordance with generally accepted professional practices and principles and in a manner consistent with the level of care and skill ordinarily exercised by member s of Contractor’s profession currently practicing under similar conditions. Contractor shall comply with the profession’s standard of performance, applicable laws, regulations, and industry standards . By delivery of completed work, Contractor certifies that the work conforms to the requirements of this Agreement and all applicable federal, state and local laws. If Contractor is retained to perform services requiring a license, certification, registration or other similar requirement under California law, Contractor shall maintain that license, certification, registration or other similar requirement throughout the term of this Agreement.

4.2 Contractor acknowledges that it is entrusted with or has access to valuable and confidential information and records of the City and with respect to that information, Contractor agrees to be held to the standard of care of a fiduciary. Contractor shall assure that all services that require the exercise of professional skills or judgment are accomplished by professionals qualified and competent in the applicable discipline and appropriately licensed, if required by law. Contractor must provide copies of any such licenses. Contractor remains responsible for the professional and technical accuracy of all Services or Deliverables furnished, whether by Contractor or its s ubcontractors or others on its behalf. All Deliverables must be prepared in a form and content satisfactory to the Using Agency and delivered in a timely manner consistent with the requirements of this Agreement.

4.3 If Contractor fails to comply with the foregoing standards, Contractor must perform again, at its own expense, all Services required to be re-performed as a direct or indirect result of that failure. Any review, approval, acceptance or payment for any of the Services by the City does not relieve Contractor of its responsibility for the professional skill and care and technical accuracy of its Services and Deliverables. This provision in no way limits the City’s rights against Contractor either under this Agreement, at law or in equity.

5. Compensation

5.1 In addition to Section 3 Compensation in Exhibit C – G TC, the Contractor shall be compensated for the services provided under this Agreement as follows:

5.1.1 Contractor shall be compensated for services rendered and accepted under this Agreement and shall be paid monthly, in arrears on a not to exceed

ATTACHMENT A
386
3 (Rev. 07.12.22)
basis, based upon the rates set forth in Exhibit E attached hereto and made a part of this Agreement. Contractor may vary the compensation for each task in Exhibit E provided that the total project compensation listed in Exhibit E and the Standard Agreement is not exceeded.

6. P e rsonnel

6.1 None of the work or services covered by this Agreement shall be subcontracted without the prior written approval of the City . Any work or services subcontracted hereunder shall be specified by written agreement and shall be subject to each provision of this Agreement. Contractor shall provide subcontractor a copy of this fully executed Agreement.

6.2 Contractor agrees to assign only competent personnel according to the reasonable and customary standards of training and experience in the relevant field to perform services under this Agreement. Failure to assign such competent personnel shall constitute grounds for termination of this Agreement. The payment made to Contractor pursuant to this Agreement shall be the full and complete compensation to which Contractor and Contractor’s officers, employees, agents, and subcontractors are entitled for performance of any work under this Agreement. Neither Contractor nor Contractor’s officers or employees are entitled to any salary or wages, or retirement, health, leave or other fringe benefits applicable to employees of the City. The City will not make any federal or state tax withholdings on behalf of Contractor. The City shall not be required to pay any workers' compensation insurance on behalf of Contractor . Contractor shall pay, when and as due, any and all taxes incurred as a resul t of Contractor’s compensation hereunder, including estimated taxes, and shall provide City with proof of such payments upon request.

6.3 Key Personnel :

Because of the special skills required to satisfy the
requirements of this Agreement, Contractor shall not reassign or replace key personnel without the written consent of the City, which consent the City will not unreasonably withhold. "key p ersonnel" means those job titles and the persons assigned to those positions in accordance with the provisions of this Agreement . The City may at any time in writing notify Contractor that the City will no longer accept performance of Services under this Agreement by one or more Key Personnel listed. Upon that notice Contractor shall immediately suspend the services of the key person or persons and must replace him or them in accordance with the terms of this Agreement. A list of k ey personnel is found in Exhibit A, Scope of Services.

7. Reports and Information
Contractor shall at such times and in such forms as the City may require furnish the City such periodic reports as it may request pertaining to the work or services undertaken pursuant to this Agreement , the costs and obligations incurred or to be incurred in connection therewith, and any other matters are covered by this Agreement as specified in Exhibit A and Exhibit E.

ATTACHMENT A
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4 (Rev. 07.12.22)

8. Findings Confidential
All of the reports, information, data, et cetera, prepared or assembled by the Contractor under this Agreement are confidential and the Contractor agrees that they shall not be made available to any individual or organization without the prior written approval of the City . Contractor shall not be required under the provisions of this paragraph to keep confidential any data or information which is or becomes publicly available, is required by applicable law or by proper legal or governmental authority, is already rightfully in the Contractor’s possession without obligation of confidentiality, is independently developed by Contractor outside the scope of this Agreement or is rightfully obtained from third parties. Contractor shall give City prompt notice of any such legal or governmental demand and reasonably cooperate with City in any effort to seek a protective order or otherwise to contest such required disclosure.

9. Copyright
No materials, including but not limited to reports, maps, or documents produced as a result of this Agreement , in whole or in part, shall be available to Contractor for copyright purposes. Any such materials produced as a result of this Agreement that might be subject to copyright shall be the property of the City and all such rights shall belong to the City, and the City shall be sole and exclusive entity who may exercise such rights.

10. Deliverables
Contractor shall prepare or provide to the City various Deliverables. "Deliverables" include work product, such as written reviews, recommendations, reports and analyses, produced by Contractor for the City. The City may reject Deliverables that do not include relevant information or data, or do not include all documents or other materials specified in this Agreement or reasonably necessary for the purpose for which the City made this Agreement or for which the City intends to use the Deliverables. If the City determines that Contractor has failed to comply with the foregoing standards, it has 30 days from the discovery to notify Contractor of its failure. If Contractor does not correct the failure, or if it is possible to do so, within 30 days after receipt of notice from the City specifying the failure, then the City, by written notice, may treat the failure as a default of this Agreement.

Partial or incomplete Deliverables may be accepted for review only when required for a specific and well-defined purpose and when consented to in advance by the City. Such Deliverables will not be considered as satisfying the requirements of this Agreement and partial or incomplete Deliverables in no way relieve Contractor of its commitments under this Agreement.

11. Applicable Laws
Deliverables must conform with all applicable federal, state, and local laws. Such conformity includes compliance with federal sanctions, and Contractor certifies that it has not and will not engage in prohibited transactions with sanctioned persons or entities.

ATTACHMENT A
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1 (Rev. 10.30.18)

EXHIBIT E

COMPENSATION SCHEDULE

The Contractor shall be compensated for the services identified in Exhibit A, Exhibit C, and Exhibit D to this Agreement as follows:

1. Project Price

1.1 The maximum the Contractor shall be paid on this Agreement is $600,00 0 (hereafter the “not to exceed” amount). The “not to exceed” amount includes all payments to be made pursuant to this Agreement, including City approved reimbursable expenses, if any. Nothing in this Agreement requires the City to pay for work that does not meet the Standard of Performance identified in Exhibit D section 4 or other requirements of this Agreement.

1.2 Standard Reimbursable Items : Only the reimbursable items identified in Exhibit A , C, and D ( Compensation), shall be compensated to the Contractor .

Reimbursable expenses will be reimbursed without markup. Fees plus reimbursable expenses shall not exceed the amount set forth in section 1.1 of this Exhibit and a copy of the original invoice for the items listed in i, ii or iii below shall be attached to the invoice submitted to the City for reimbursement. Payments shall be based upon work documents submitted by the Contractor to the City and accepted by the City as being satisfactory to City’s needs. The C ity shall not pay a markup on any of the items listed in i, ii or iii .

Additionally, items such a telephone, fax, postage or freight are already included in the billable hourly rate. Contractor shall be reimbursed the direct expenses, which are the actual cost of the following items that are reasonable, necessary and actually incurred, by the Contractor in connection with the services:

i. Expenses, fees or charges for printing, reproduction or binding of documents at actual costs with no markup added to the actual cost.

ii. Any filing fees, permit fees, or other fees paid or advanced by the Contractor at actual costs with no markup added to the actual cost.

iii. Travel expenses shall be reimbursed in accordance with the C ity’s travel policy, which is incorporated herein by reference.

Reimbursement shall be made at actual costs with no markup added to the actual cost.

1.3 The Contractor shall be entitled to receive payments for its work performed pursuant to the Agreement. The City will pay Contractor based on invoices for acceptable work performed and approved until the “not to exceed” amount is reached.

Thereafter, Contractor must complete services based on the Agreement without additional compensation unless there is a material change to the Statement of Work and Scope by a written Amendment.

ATTACHMENT A
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2 (Rev. 10.30.18)

1.4 If work is completed before the “not to exceed” amount is reached, the Contractor’s compensation will be based on the Contractor ’s invoices previously submitted for acceptable work performed and approved.

1.5 Subcontractor Costs: Compensation for sub contractors shall be limited to the same restrictions imposed on the Contractor . Maximum markup Contractor may apply to subcontractor fees, minus reimbursable expenses, shall not exceed _N/A___%.

2. Task Price. Below is the list of tasks o utlined in Exhibit A for ser vices and reimbursable expenses.

Task Role on Project Task Price
Development of shared agreements Project Director $68,000 Practice Guidelines for Contracted Partners Project Director $65,000 EDD’s departmental policy updates Project Director $67,000 Program partner training and technical assistance
sessions Project Director $67,000
Practice adoption by funded programs Project Director $68,000 EDD program staff contract monitoring guidance Project Director $65,000 Program and impact evaluation report Project Director $67,000 Recommendations of service needs and priorities Project Director $65,000 Symposiums (3) Project Director $68,000

3. Hourly Rates. Contractor shall be compensated based on the hourly rates set forth at $250 per hour, on a time and material basis for those services that are within the general scope of services of this Agreement, but beyond the description of services required under Exhibit A, and all services are reasonably necessary to complete the standards of performance required by this Agreement. Any changes and related fees shall be mutually agreed upon between the parties by a written amendment to this Agreement.

4. Invoice to Address. Each invoice submitted shall identify the specific task(s) listed in Exhibit A and this Exhibit, and the completed work product/deliverable for the agreed upon price listed in this Exhibit. Invoices shall be submitted to the below address:

City of Stockton Economic Development Department
Attention: Lana Lozano
425 N. El Dorado Street
Stockton, CA 95202

ATTACHMENT A
390
1 (Rev, 10.27.22)

EXHIBIT F

TIMELINE

1. Contractor shall complete the requested services identified in Exhibit A as follows:

1.1 TIMELINE FOR COMPLETION OF WORK

1.1.1 Year 1
o Development of shared agreements
o Practice Guidelines for Contracted Partners
o EDD’s departmental policy updates
o Symposium

1.1.2 Year 2
o Program partner training and technical assistance sessions o Practice adoption by funded programs
o EDD program staff contract monitoring guidance
o Symposium

1.1.2 Year 3
o Program and impact evaluation report
o Recommendations of service needs and priorities
o Symposium

ATTACHMENT A
391
City of Stockton
Legislation Text
File #: 24-1177, Version: 1

MOTION TO EXERCISE OPTION TO EXTEND TERM OF THE ASM (SMG) OPERATING

AGREEMENT FOR MANAGEMENT OF EVENT VENUES

RECOMMENDATION
It is recommended that the City Council approve a motion to:

2. Authorize the City Manager, or designee, to accept and appropriate a $500,000 investment from ASM required under the current agreement to the Venues Fund; and

3. Authorize the City Manager to take appropriate and necessary actions to carry out the purpose and intent of this resolution.

Summary
The term of the current Facilities Management Agreement (Agreement) with ASM Global (ASM) ends on June 30, 2026. Included in the Agreement are two multi-year extension options - one for five years through June 2031, and one for an additional two years through June 2033. Upon execution of the first five-year extension, ASM Global will pay the City $500,000 as an ongoing investment into the Facilities.

Current performance achievements of the local ASM Management team include signing a naming sponsor for the Arena, bringing the Stockton Lantern Festival to the Ballpark, and landing sold out concerts of Peso Pluma, Jo Koy, and many others to the Arena and Bob Hope Theater. The current trend of successful events booked in the Stockton Facilities has been instrumental in making Stockton a viable option for promoters to route artists in the region. Due to the current improvement trends and success of ASM in bringing events to Stockton, staff recommends exercising the five-year option to extend the existing Agreement to continue stability in the operation and booking of the Facilities. Additionally, the $500,000 investment will aid in needed repairs and replacements throughout the Facilities.

DISCUSSION
On January 25, 2011, the City Council approved a Facilities Management Agreement with ASM for the operation and maintenance of four downtown entertainment venues including the Adventist Health Arena, Ballpark, Bob Hope Theatre and Oak Park Ice Arena (Attachment A). In November 2015, the City and ASM mutually agreed to exercise a five-year extension option of the Agreement City of Stockton Printed on 12/6/2024Page 1 of 2
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through February 24, 2021 (Attachment B). In March 2018, Council amended the Agreement to include the operation of the Downtown Marina, restructured the incentive bonus terms, extended the Agreement term through June 2026, and added a five-year extension option through June 2031 (Attachment C). In May 2020, the City added another option to extend the Agreement for an additional two years through June 2033 (Attachment D).

Present Situation
The current Agreement with ASM will expire on June 30, 2026 if the option to extend the Agreement is not exercised. If an extension is not exercised, preparation for a procurement process will need to commence almost immediately to allow sufficient time to draft a scope of services, post, review, interview and award a new contract, while also leaving enough time to plan a transition of management, should one be warranted.

The Facilities are operating at strong levels and continuing to improve. Specifically, annual attendance has grown to nearly the level of pre-COVID times, despite the loss of the Stockton Heat Hockey team, while gross revenue has grown 242% over the same period. ASM has made a commitment to the community with on-going staff volunteer days by serving at St. Mary’s Dining Hall and participating in the Stockton Chamber of Commerce’s Leadership Stockton program for the past three years.

The Bob Hope Theater continues to be a must stop for many Latin artists, along with comedians, and other entertainment such as the Nutcracker and Disney Dance Party, among others. The Arena benefits from ASM’s strong presence in the touring entertainment world by bringing artists such as Cody Johnson, Peso Pluma, and Lil Wayne, and comedians such as Jo Koy and Jeff Dunham. The Ballpark has soared in its use outside of the standard baseball season with the addition of the Stockton Lantern Festival, which spans nearly four months. Oak Park Ice Rink continues to be a regional gem as ASM supports hockey leagues of all ages, curling, ice skating, community free- skate, and birthday parties. The Downtown Marina is also managed under this Agreement by ASM and currently boasts a slip occupancy exceeding 90%.

The progress that has been made in the operation of the Facilities is positive and exciting. It seems prudent to continue the current trajectory by exercising the Agreement extension option and keeping ASM as the management company.

FINANCIAL SUMMARY
Extension of this Agreement does not impact expected financial requirements as the ASM management fees are included in the annual FY2024-25 Operating Budget in the Venues Fund. The $500,000 investment from ASM required with the extension will be received in the Venues Fund as part of fund balance, to be programmed through the annual, upcoming budget process. Potential capital needs include Arena and Bob Hope Theater roof repairs/replacement, concession equipment replacement, and updates to rentable areas in the Arena.

Attachment A - Resolution 11-0022
Attachment B - Contract Extension
Attachment C - Resolution 2018-03-20-1402
Attachment D - Resolution 2020-05-12-1403
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EXHIBIT 1

SECOND AMENDMENT TO THE NON-PROFESSIONAL SERVICES AGREEMENT WITH SMG, a Pennsylvania General Partnership

This Second Amendment to the Agreement for Non-Professional Services entered into ________________ 2020, between, SMG, a Pennsylvania general partnership hereinafter called "SMG", and the CITY OF STOCKTON, hereinafter called "CITY " also referred to as “party” or “parties” respectively.

RECITALS

The CITY and SMG wish to amend the AGREEMENT to modify the term lengt h and compensation to the City.

NOW THEREFORE , in consideration of the foregoing and of the mutual promises, covenants, and agreements herein contained, the parties agree to the following amendments:

Section 3.1 “Management Term” is amended to include (d) as follows:
(d) If the City extended the Term under subsection (b) of this section 3.1, then the City may, in its discretion, extend the Term hereof for an additional two-year period commencing July 1, 2031 and ending June 30, 203 3, by giving written notice to SMG at least one hundred twenty (120) days prior to the end of the Management Term.

Section 4.1 “Management and Capital Investment Fees” is amended to include the following subsection (b), and number the preceding paragraph accordingly:
(b) Beginning in fiscal year 2019/20, the annual fixed fee in subsection (a) of this section 4.1 shall be reduced by a total of six hundred thousand dollars ($600,000), with reductions made in the following manner:

FY2020/21 one hundred thousand dollars ($100,000);
FY2021/22 one hundred thousand dollars ($100,000);
FY2022/23 one hundred thousand dollars ($100,000);
FY2023/24 one hundred thousand dollars ($100,000);
FY2024/25 one hundred thousand dollars ($100,000);
FY2025/26 one hundred thousand dollars ($100,000).

Section 5.1 “Budgets; Funding” (b) is amended as follows:
(b) With respect to the Budget for the initial, full Fiscal Year hereunder ending on June 30, 2012, SMG shall submit to the City for its approval on or before March 1, 2010 a Budget that is based upon (i) SMG’s pro forma budgets submitted to the City in co nnection with the selection process, adjusted accordingly for the changes in the operating circumstances that occurred subsequent to the selection process, and (ii) the actual Operating Revenues and Operating Expenses for the Facility for July 1, 2010 through Feb 24, 2011, and projected Operating Revenues and Operating Expenses for February 25, 2011 through

ATTACHMENT D
453
EXHIBIT 1

June 30, 2011. A Budget for the period from Feb 25, 2011 through June 30, 2011, may be requested and approved by the City Manager. Effective with the 2021-2022 Fiscal Year, SMG shall submit a budget for review by the City on or before February 1 st of each year and is subject to approval by the City in accordance with this agreement.

There shall be a new Section 5.7 “Additional SMG Capital Contribution s” to read as follows:

(a)SMG will contribute an additional three hundred and sixty thousand dollars ($360,000) to the “Operating Account” during Fiscal Year 2018/19, ending June 30, 2019. The contribution may be amortized between the date of disbursement and the remaining length of the current term and option at section 3.1(b) through June 30, 2031.
(b) SMG will contribute an additional three hundred thousand dollars ($300,000) to the “Operating Account” during Fiscal Year 2019/20, ending June 30, 2020.

The contribution may be amortized between the date of disbursement and the remaining length of the current term and option at section 3.1(b) through June 30, 2031.
(c) (c) If this Agreement is terminated prior to the end of the term and option a t section 3.1(b) through June 30, 2031, City shall pay SMG the unamortized balance to the nearest month following the month that the termination occurs; provided, however, that, if this Agreement is terminated as a result of a default by SMG under this Agr eement, SMG shall not be entitled to any such payment. If applicable, said unamortized balance will be payable to SMG within ninety (90) days of the termination.

Accept as provided herein, all remaining terms, conditions and provisions of the Agreement are unchanged and unaffected by this Amendment and shall continue in full force and effect as set forth in the Original Agreement.

A copy of the Amendment shall be attached to the original Agreement dated February 24, 2011 for ease of reference.

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ATTACHMENT D
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EXHIBIT 1

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on the date first above written by their respective officers duly authorized to do so.

CITY OF STOCKTON SMG
A Pennsylvania General Partnership

BY _________________________ BY________________________ HARRY E. BLACK MR. BOB NEWMAN

CITY MANAGER PRESIDENT AND CEO

ATTEST: APPROVED AS TO FORM:

BY _______________________ BY _____________________

ELIZA GARZA JOHN LUEBBERKE

CLERK OF THE CITY OF STOCKTON CITY ATTORNEY

ATTACHMENT D
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City of Stockton
Legislation Text
File #: 24-1198, Version: 1

ADOPT A RESOLUTION APPROVING A GRANT TO STAND AND/OR OTHER ELIGIBLE

ORGANIZATION FOR PROPERTY ACQUISITION AND DEVELOPMENT OF A MINIMUM OF ONE

AFFORDABLE HOUSING UNIT

RECOMMENDATION
It is recommended that the City Council adopt a resolution:

2. Approving up to $40,000 in HHAP Round 4 funding for furnishings and equipment for any property acquired;

3. Approving the allocation of one unit of affordable housing for the scattered site project pursuant to Article XXXIV of the California Constitution; and

5. Authorizing the City Manager, or designee, to execute all documents and take all necessary and appropriate actions to carry out the purpose and intent of the resolution.

Summary
Stocktonian’s Taking Action to Neutralize Drugs (STAND) is proposing acquisition of one house under its scattered site housing program to serve low-income, justice-involved persons, in partnership with local service providers. Any property acquired will be used for the purpose of providing affordable housing opportunities to persons with justice-involved backgrounds, including but not limited to those being released from law enforcement facilities.

In addition, due to the proposed public financing, the development of the project must be approved pursuant to Article XXXIV (34) of the California Constitution, which requires a local election to approve affordable housing projects. In 2010, local voters gave the City Council the authority to approve up to 500 units per year. The proposed units are within this limit.

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DISCUSSION
Background
The City receives annual allocations of Community Development Block Grant (CDBG) funds from the U.S. Department of Housing and Urban Development (HUD) for the purpose of providing assistance to low-income residents. CDBG funds are used for a wide variety of activities that benefit low-income residents, including but not limited to the provision of public services, property acquisition for affordable housing purposes, and economic development activities.

In July of this year, the City of Stockton Economic Development Department (EDD) released a Notice of Funding Availability (NOFA) announcing the availability of approximately $4,551,524 in funding from CDBG and other funds for the purpose of property acquisition leading to the development of affordable housing.

EDD received several property acquisition proposals and funded all eligible projects through Council action on October 1, 2024 (Attachment A - Resolution 2024-10-01-1209). There are remaining CDBG funds that need to be spent to meet the CDBG expenditure threshold by the April 2025 deadline, and staff recommends proceeding with funding a minimum of one unit under STAND’s scattered site housing program and/or any other eligible organization that meets the CDBG program’s capacity requirements, as determined by EDD.

A high percentage of the City’s homeless population face barriers to housing, which often include those with justice-involved backgrounds.

Many individuals reentering the community after incarceration struggle to secure housing. Landlords often reject justice-involved applicants due to their lack of credit history, rental history, and the stigma of incarceration. STAND will seek to provide safe and secure housing as well as a stable rental history that formerly incarcerated individuals may build upon in the years following their reentry.

Suitable and stable housing for those returning home is often the most critical factor in an individual’s successful reentry. STAND understands that reentry is a lifelong process and that early planning, coupled with intensive case management and stable housing, lead to better outcomes, deceased recidivism, and safer communities.

Present Situation
EDD has remaining CDBG funds that need to be spent to meet its timeliness expenditure threshold and has identified a partnership opportunity with STAND to serve an underserved population - justice -involved individuals - through an affordable housing project.

This project would enable the City to use CDBG resources to meet the expenditure threshold by the April 2025 deadline without facing HUD ramifications if not met.

STAND is a grassroots organization, founded in the late 1980s, dedicated to the elimination of drug abuse in the community through various means, including the provision of affordable housing.

STAND provides many other services to Southeast Stockton, such as: after school tutoring, youth City of Stockton Printed on 12/6/2024Page 2 of 3
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basketball, and hosting events like National Night Out and holiday events.

STAND has experience providing affordable housing opportunities on a scattered site basis in partnership with local service providers to deliver supportive services to its target population, which often includes homeless individuals. To date, STAND has acquired, rehabilitated, and sold over 365 houses throughout Stockton and San Joaquin County to low-income households. STAND has also since purchased and rehabilitated four apartment buildings that are now available to low and very low -income families.

STAND will purchase an existing single-family home in the City of Stockton and fully furnish the house with appliances, furniture, and living essentials. STAND has identified several potential properties and has the necessary partnerships in place to deliver on this project by the City’s deadlines.

The City’s CDBG investment for the acquisition of property will be secured via a deed of trust and affordable regulatory agreement requirements to ensure the property serves income-eligible individuals at or below 80% of the area median income, as required by HUD.

Compliance with Article XXXIV
Article XXXIV of the California Constitution requires a local election to approve affordable housing projects when the majority of the units are financed in whole or in part by the local government. In November 2010, local voters gave the City Council the authority to approve the development of up to 500 publicly assisted low-income housing units each year for a ten-year period. The Council is being asked to allocate one of the authorized units to this project. The units being proposed by STAND are within the limit approved by the voters.

FINANCIAL SUMMARY
The proposed resolution will have no financial impact on the General Fund or any other unrestricted fund. There is sufficient budget available to support this recommendation. The $800,000 of CDBG funding will be payable from fund 230, sub-fund 231. The $40,000 of HHAP Round 4 funding will be payable from special grant fund 280, sub-fund 282.

Attachment A - Resolution 2024-10-01-1209
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ATTACHMENT A
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Resolution No.

STOCKTON CITY COUNCIL

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF STOCKTON APPROVING A

GRANT TO STAND AND/OR OTHER ELIGIBLE ORGANIZATION FOR PROPERTY

ACQUISITION AND DEVELOPMENT OF A MINIMUM OF ONE AFFORDABLE

HOUSING UNIT

The City receives annual allocations of Community Development Block Grant (CDBG) funds from the U.S. Department of Housing and Urban Development (HUD) for the purpose of providing assistance to low-income residents. CDBG funds are used for a wide variety of activities that benefit low-income residents, including but not limited to the provision of public services, property acquisition for affordable housing purposes, and economic development activities; and

In July of 2024, the City of Stockton Economic Development Department (EDD) released a Notice of Funding Availability (NOFA) announcing the availability of approximately $4,551,524 in funding from CDBG and other funds for the purpose of property acquisition leading to the development of affordable housing; and

Housing for justice-involved individuals can be difficult to produce. A scattered site approach allows compatible individuals to be housed together, in some cases offering additional peer support benefits. A high percentage of the City’s homeless population face barriers to housing, which often include those with justice involved backgrounds; and

Many individuals reentering the community after incarceration struggle to secure housing. Landlords often reject justice -involved applicants due to their lack of credit history, rental history, and the stigma of incarceration. STAND seeks to provide safe and secure housing as well as a stable rental history that formerly incarcerated individuals may build upon in the years following their reentry. Suitable and stable housing for those returning home is often the most critical factor in an individual’s successful reentry.

STAND understands that reentry is a lifelong process and that early planning, coupled with intensive case management and stable housing, lead to better outcomes, deceased recidivism, and safer communities; and

EDD has remaining CDBG funds that need to be spent to meet its timeliness expenditure threshold and has identified a partnership opportunity with STAND to serve an underserved population – justice-involved individuals – through an affordable housing project; and

This project would enable the City to use CDBG resources to meet the expenditure threshold by the April 2025 deadline without facing HUD ramifications if not met; and

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STAND is a grassroots organization, founded in the late 1980s dedicated to the elimination of drug abuse in the community through various means , including the provision of affordable housing. STAND provides many other services to Southeast Stockton, such as: after school tutoring, youth basketball, and hosting events like National Night Out and holiday events; and

STAND has experience providing affordable housing opportunities on a scattered site basis in partnership with local service providers to deliver supportive services of its target population , which often includes homeless individuals. To date, STAND has acquired, rehabilitated, and sold over 365 houses throughout Stockton and San Joaquin County to low-income households. STAND has also since purcha sed and rehabilitated four apartment buildings that are now available to low and very low-income families; and

STAND will purchase an existing single -family home in the City of Stockton and fully furnish the house with appliances, furniture, and living es sentials. STAND has identified several potential properties and has the necessary partnerships in place to deliver on this project by the City’s deadlines; and

The City’s CDBG investment for the acquisition of property will be secured via a deed of trust and affordable regulatory agreement requirements to ensure the property serves income eligible individuals at or below 80% of the area median income as required by HUD; and

Article XXXIV of the California Constitution requires a local election to approve affordable housing projects when the majority of the units are financed in whole or in part by the local government. In November 2010, local voters gave the City Council the authority to approve the development of up to 500 publicly assisted low -income housing units each year for a ten -year period. The Council is being asked to allocate one of the authorized units to this project. The units being proposed by STAND are within the limit approved by the voters; now, therefore,

BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF STOCKTON, AS FOLLOWS:

1. The foregoing recitals are true and correct.

2. The Council hereby approves the following:

a. A CDBG grant of up to $800,000 to STAND and/or other eligible organization for property acquisition and development of a minimum of one affordable housing unit.

b. A grant of u p to $40,000 in HHAP Round 4 funding for furnishings and equipment for any property acquired with CDBG funds.

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c. The allocation of one unit of affordable housing for the scattered site project pursuant to Article XXXIV of the California Constitution.

3. The City Manager or designee is hereby authorized to defund and reallocate awarded funding if the project is unable to meet the underwriti ng and general City affordable housing requirements. If defunded, the funding is to be reallocated to eligible projects that can meet the funding source agency timelines and general requirements.

4. The City Manager is hereby authorized to take whatever acti ons are necessary and appropriate to carry out the purpose and intent of this Resolution.

PASSED, APPROVED, and ADOPTED December 10, 2024 .

KEVIN J. LINCOLN II
Mayor of the City of Stockton
ATTEST:

KATHERINE ROLAND, CMC, CPMC
City Clerk of the City of Stockton

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City of Stockton
Legislation Text
File #: 24-1201, Version: 1

ADOPT A RESOLUTION AUTHORIZING AN AMENDMENT TO THE STANDARD AGREEMENT

WITH CALIFORNIA DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT FOR THE

HOMEKEY PROJECT TOWN CENTER STUDIOS TO ADD TOWN CENTER STUDIOS, LP TO THE

STANDARD AGREEMENT

RECOMMENDATION
It is recommended that the City Council adopt a resolution authorizing:

It is further recommended that the City Manager, or designee, be authorized to take appropriate and necessary actions to carry out the purpose and intent of this resolution.

Summary
The California Department of Housing and Community Development (HCD) announced the availability of $600 million in funds for the Homekey Program in July 2020. Program funds were made available to purchase and rehabilitate housing and convert it into interim or permanent long-term housing.

Central Valley Low Income Housing (CVLIHC), in collaboration with Stocktonians Taking Action to Neutralize Drugs (STAND), proposed the Town Center Studios sustainable permanent supportive housing project (Project). The City, CVLIHC and STAND jointly applied for and were awarded funds for the Project by HCD, which has since been completed and houses 42 individuals.

After receiving Homekey funds for the Project, CVLIHC and STAND transferred ownership of the property to Town Center Studios, LP. HCD is now in the grant closeout phase and requires that Town Center Studios, LP be added to the Agreement by amendment. HCD requires a resolution from Council to authorize the amendment.

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DISCUSSION
Background
On July 16, 2020, the State of California Department of Housing and Community Development (HCD) issued a Notice of Funding Availability (NOFA) for local public entities within California to purchase and rehabilitate housing, including hotels, motels, vacant apartment buildings, and other buildings to convert them into interim or permanent long-term housing. Of the $600 million in Homekey funds, $550 million is derived from the State’s direct allocation of the federal CARES Act Funds, and $50 million is derived from the State’s General Fund. Funds were awarded on a rolling basis, with a priority application deadline of August 13, 2020.

The Homekey Program’s primary objective is to provide housing for individuals and families experiencing homelessness or at risk of experiencing homelessness and who are impacted by the COVID-19 pandemic.

In response to the NOFA, the City, CVLIHC, and STAND submitted a joint application for funds.

CVLIHC, in collaboration with STAND, proposed acquisition of the property located at 1604 N. Wilson Way, Stockton, CA 95205 (Property) to develop Town Center Studios (39 units, 41 beds), a sustainable permanent supportive housing project (Project). The Project and grant application were approved by Council on August 11, 2020. The City was notified of the grant award on November 5, 2020 and subsequently entered into the Standard Agreement (Attachment A) with HCD. The Project provides 39 units of homeless housing, with one unit utilized as housing for an on-site property manager.

Present Situation
The Project has brought much needed supportive housing to the City’s homeless population. After receiving Homekey funds for the Project, CVLIHC and STAND transferred ownership of the Property to Town Center Studios, LP, as contemplated in the original Agreement. During the closeout phase of the grant, HCD has requested an amendment to the Agreement to include Town Centers Studio LP as a contractor, in addition to the City, CVLIHC and STAND. To amend to the Agreement to add Town Center Studios, LP, HCD requires a resolution from Council. The Agreement has been fully expended and the Project is complete. The purpose of the Amendment is to reflect that ownership of the Property transferred to Town Center Studios, LP.

Staff recommends that Council approve a resolution authorizing the City Manager, or designee, to submit an amendment to the Agreement to HCD for the Project.

FINANCIAL SUMMARY
There is no impact to the City’s General Fund or to any other unrestricted fund as a result of taking the recommended action.

Attachment A - Agreement - Homekey Program
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Resolution No.

STOCKTON CITY COUNCIL

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF STOCKTON AUTHORIZING

AN AMENDMENT TO THE HOMEKEY PROGRAM STANDARD AGREEMENT
NUMBER 20-HK-00067

The Department of Housing and Community Development ("Department") issued a Notice of Funding Availability (“NOFA"), dated July 16, 2020, as may be amended from time to time, for the Homekey Program (" Homekey" or " Homekey Program "). The Department issued the NOFA for Homekey grant funds pursuant to Health and Safety Code section 50675.1.1 (Assem. Bill No. 83 (2019-2020 Reg. Sess.), § 21.); and

The CITY OF STOCKTON (the "City" or "Applicant") along with Central Valley Low Income Housing (“CVLIHC”) and Stocktonian s Taking Action to Neutralize Drugs (“STAND”) ( collectively, "Co -Applicants") submitted an application for Homekey grant funds ("Application") to the Department for review and consideration; and

The Department is authorized to administer Homekey pursuant to the Multifamily Housing Program (Chapter 6.7 (commencing with Section 50675) of Part 2 of Division 31 of the Health and Safety Code). Homekey funding allocations are subject to the terms and conditions of the NOFA, the Application, the Department -approved STD 213, Standard Agreement (" Standard Agreement"), and all other legal requirements of the Homekey Program; and

The Department awarded grant funds in the amount of $3,609,091.00 to the City and Co -Applicants and executed the Department approved STD 213 - Standard Agreement dated 11/10/2020, under Contract Number 20-HK-00067; and

CVLIHC and STAND acquired title to the certain real property located at 1604 N.

Wilson Way in Stockton (the " Property") for use as a Homekey Program Site with Homekey grant funds provided to it by the Department and su bject to the terms of the Standard Agreement; and

CVLIHC and STAND subsequently transferred ownership of the Property by grant deed to Town Center Studios LP; and

The Standard Agreement between the Department and the City and Co-Applicants requires a cha nge in ownership of the Property to be approved by the Department in writing. The Department further requires that Town Center Studios , LP be added to the Standard Agreement by amendment; and

Town Center Studios LP desires to join the Standard Agreement between the Department and the City and Co-Applicants. Towards that end, Town Center Studios, LP is joining the City and Co -Applicants in the submittal of an amendment to the Standard Agreement for Homekey funds (“Amendment”) to the Department for review and consideration; now, therefore,
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BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF STOCKTON, AS FOLLOWS:

1. The City is hereby authorized to enter into, execute, and deliver to the Department, an amendment to the Standard Agreement, whereby the City and Co -Applicants agree to add Town Center Studios, LP as a party to the Standard Agreement, and thereafter become contract-obligated under the terms of the Standard Agreement, jointly and severally a long with the City and Co-Applicants to the Department.

2. The City Manager is hereby authorized to submit and approve the Amendment and associated necessary documents.

3. The City Manager is hereby authorized to take whatever actions are necessary and appropriate to carry out the purpose and intent of this Resolution.

PASSED, APPROVED, and ADOPTED December 10, 2024 .

KEVIN J LINCOLN II
Mayor of the City of Stockton
ATTEST:

KATHERINE ROLAND, CMC, CPMC
City Clerk of the City of Stockton

PASSED AND ADOPTED this day of , 2024, by the following vote:

AYES: NAYES: ABSTAIN: ABSENT:

The undersigned, City Clerk of Co-Applicant (City of Stockton, does hereby attest and certify that the foregoing is a true and full copy of a resolution of the governing body adopted at a duly convened meeting on the date above-mentioned, and that the resolution has not been altered, amended, or repealed.

SIGNATURE: DATE:

NAME: Katherine Roland, CMC, CPMC TITLE: City Clerk

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City of Stockton
Legislation Text
File #: 24-1224, Version: 1

ADOPT A RESOLUTION TO APPROVE FINDINGS AND AUTHORIZE CONTRACT AMENDMENT NO. 5 WITH ALPHA ANALYTICAL LABORATORIES, INC. FOR REGULATORY TESTING

SERVICES

RECOMMENDATION
It is recommended that the City Council adopt a resolution to:

1. Approve findings pursuant to Stockton Municipal Code Section 3.68.3070 which justify and support an exception to the competitive bidding process.

It is also recommended that the City Manager be authorized to take appropriate and necessary actions to carry out the purpose and intent of this resolution.

Summary
The Municipal Utilities Department (MUD) operations are regulated under Title 22 of the California Code of Regulations (Cal. Code Regs.) for Water, the National Pollution Discharge Elimination System (NPDES) permits for Wastewater and Stormwater, and Title 40 Code of Federal Regulations (CFR) Part 403, for the Industrial Pretreatment Program. Each regulation prescribes the nature and type of analytical testing required to monitor operations.

On December 10, 2019, by Motion 2019-12-10-1109, the City Council authorized a five-year contract with Alpha Analytical Laboratories, Inc. (Alpha Analytical) of Elk Grove, California for $265,635. The current contract will expire on December 31, 2024. Amendments No. 1 through No. 4 added services for the Environmental Control Division, increased compensation, and revised the not-to-exceed contract amount to $623,883.

If approved, this action will authorize contract Amendment No. 5 (Exhibit 1 to the Resolution) with Alpha Analytical for $70,750 for contract laboratory services to support regulatory testing requirements. The extension increases the not-to-exceed contract amount to $694,633.

DISCUSSION
Background
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system samples for organic chemicals, inorganic chemicals, and physical and microbiological analyses on an ongoing basis. The required monitoring schedules vary based on the sample, and some results may initiate additional testing requirements or increase testing frequency. In addition, organic, inorganic, physical, microbiological, and toxicological analyses are required on treated wastewater, biosolids, and receiving water to meet the NPDES permit requirements for discharge into the San Joaquin River.

The Industrial Pretreatment Program Enforcement Response Plan prescribes actions against noncompliant industrial users. Such enforcement actions may range from monetary penalties to sewer service termination for more serious offenses. These enforcement actions are often based on results provided by the laboratory contracted by the City to analyze samples of industrial wastewater discharges. The accuracy of the results are critical to support enforcement penalties and are dependent upon the analysis being performed by an independent laboratory. The City’s industrial users are billed the actual charges for the laboratory analytical work.

On December 10, 2019, by Motion 2019-12-10-1109, the City Council authorized a five-year contract with Alpha Analytical Laboratories, Inc. (Alpha Analytical) for $265,635. The contract was executed on January 9, 2020, and will expire on December 31, 2024.

The following is a summary of amendments to the original contract agreement:
· Amendment No. 1 was approved under City Manager authority in May 2021, which modified the scope of work to include contract laboratory services for the MUD Environmental Control Division for Fiscal Years 2020-2021 and 2021-2022, and increased compensation by $64,048. · Amendment No. 2 was approved on April 19, 2022 by Motion 2022-04-19-1209. The City Council authorized a cost increase, an increase in compensation by $163,300, and revised the not-to-exceed contract amount to $492,983 for the five years. · Amendment No. 3 was approved under City Manager authority in August, 2023.

Compensation was increased by $66,400, and the not-to-exceed contract amount was revised to $559,383.
· Amendment No. 4 was approved under City Manager authority in November 2024, which increased compensation by $64,500 and revised the not-to-exceed contract amount to $623,883.

Present Situation
The contract with Alpha Analytical will expire on December 31, 2024. Negotiations with the Central Valley Regional Water Quality Control Board (Regional Board) for a new NPDES permit for the Regional Wastewater Control Facility are ongoing, and it is expected the City will receive the new NPDES permit within the next few months. To include additional sampling requirements, staff recommend extending the contract with Alpha Analytical for six (6) months. In addition, by extending the contract until June 30, 2025, the solicitation of future contracts for laboratory services will better align with the fiscal year budget development efforts in the department.

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Findings
Pursuant to Stockton Municipal Code Section 3.68.070, the City Council may approve findings which support and justify an exception to the competitive bidding process. The following findings support and justify an exception:

1. The vendor is an Environmental Laboratory Accreditation Program (ELAP) State-certified laboratory and has provided consistently accurate results and services.

2. Extending the contract for six (6) months will allow staff to include any new sampling requirements from the new NPDES Permit in the bid process.

3. Aligning the contract with the fiscal year allows for improved budgeting and planning in the department.

FINANCIAL SUMMARY
The new contract amendment of $70,750 is for laboratory services throughout the extended term of the contract. With this amendment, the not-to-exceed contract amount will increase to $694,633.

Funds are available from the Laboratory and Environmental Control Divisions Laboratory Services accounts for Fiscal Year 2024-25.

This action has no impact to the General Fund, or any other unrestricted fund.

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Resolution No.

STOCKTON CITY COUNCIL

RESOLUTION APPROVING FINDINGS AND AUTHORIZING CONTRACT
AMENDMENT NO. 5 WITH ALPHA ANALYTICAL LABORATORIES, INC., FOR A SIX- MONTH EXTENSION IN THE AMOUNT OF $70,750, FOR REGULATORY TESTING

SERVICES

The Municipal Utilities Department (MUD) operations are regulated under Title 22 of the California Code of Regulations for Water, the National Pollution Discharge Elimination System (NPDES) permits for Wastewater and Stormwater, and Title 40 Code of Federal Regulations Part 403, for the Industrial Pretreatment Program; and

Each regulation prescribes the nature and type of analytical testing required to monitor MUD operations; and

On December 10, 2019, by Motion 2019-12-10-1109, the City Council authorized a five-year contract with Alpha Analytical Laboratories, Inc. of Elk Grove, California, for $265,635. The contract was executed on January 9, 2020, and will expire on December 31, 2024; and

Amendments No. 1 through No. 4 added services for the MUD Environmental Control Division, increased compensation and revised the not-to-exceed contract amount to $623,883; and

Negotiations with the Central Valley Regional Water Quality Control Board (Regional Boar d) for the NPDES permit are ongoing , and it is expected the City will receive the ne w permit within the next few months. To include additional sampling requirements under the new permit , staff recommend extending the contract with Alpha Analytical for six months; and

By extending the contract until June 30, 2025, future contract solicitations for laboratory services will better align with the fiscal year budgeting and planning efforts; now, therefore,

BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF STOCKTON, AS FOLLOWS:

1. The following findings are approved pursuant to Stockton Municipal Code Section 3.68.070 which support and justify an exception to the competitive bidding process:

a. The vendor is an Environmental Laboratory Accreditation Program (ELAP) State-certified laboratory and has provided consistently accurate results and services.

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b. Extending the contract for six months will allow staff to include any new sampling requirements from the new NPDES Permit in the bid process.

c. Aligning the contract with the fiscal year allows for improved budgeting and planning in the department.

2. Amendment No. 5 with Alpha Analytical Laboratories extending the contract term by six months and accepting the price adjustments is hereby approved, and the City Manager is authorized and directed to execute same, a copy of which is attached as Exhibit 1 and incorporated by this reference.

3. By this action, the total not-to-exceed contract amount is revised to $694,633.

4. The City Manager or designee is hereby authorized to take appropriate and necessary actions to carry out the purpose and intent of this Resolution.

PASSED, APPROVED, and ADOPTED December 10, 2024 .

KEVIN J. LINCOLN II
Mayor of the City of Stockton
ATTEST:

KATHERINE ROLAND, CMC, CPMC
City Clerk of the City of Stockton

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Analytical Services Quotation
City of Stockton
Stockton, City of - MUD
1_Master Projects Price List 2025-2026 Of
f Cont.

Effective:

Expires
:

Quoted: 10/17/2024
01/01/25
12/31/25
Project:

Client:

Contact:

Address: 2500 Navy Dr
Stockton, CA 95206
Phone: (209) 937-7425
Extended PriceUnit PriceTA
T (days)QuantityMethodParameter
Pricing Summary
Water
17 Drinking Water Metals varies 10 $200.00 $200.00 1
504.1 EDB/DBCP EPA 504.1 10 $60.00 $60.00 1
507 DDW Regulated NP Pesticides EPA 507 10 $125.00 $125.00 1 507 NP Pesticides EPA 507 10 $125.00 $125.00 1
508 DDW Regulated Pesticides & PCBs EPA 508 10 $125.00 $125.00 1 515.3 Herbicides EPA 515.3 10 $125.00 $125.00 1
515.3 Herbicides EPA 515.3 10 $125.00 $125.00 1
524.2 DDW Regulated VOC EPA 524.2 10 $125.00 $125.00 1 525 DDW SVOC Regulated 3 EPA 525.2 10 $150.00 $150.00 1 525.2 DDW Weck EPA 525.2 10 $230.00 $230.00 1
525.3 DDW SVOC EPA 525.3 10 $150.00 $150.00 1
525.3 DDW Thiobencarb SUB MAI EPA 525 10 $230.00 $230.00 1 531.1 Carbamates EPA 531.1 10 $125.00 $125.00 1
531.1 DDW Regulated Carbamate Pesticides EPA 531.1 10 $125.00 $125.00 1 547 DDW Glyphosate EPA 547 10 $125.00 $125.00 1
548.1 Endothall EPA 548.1 10 $125.00 $125.00 1
549.2 DDW Diquat EPA 549.2 10 $125.00 $125.00 1
610 PNAs EPA 610 10 $378.52 $378.52 1
624.1 CTR V olatiles varies 10 $125.00 $125.00 1
624.1 EDB/DBCP EPA 624.1 10 $125.00 $125.00 1
624.1 V olatiles EPA 624.1 10 $125.00 $125.00 1
625.1 CTR minus PAHs Group varies 10 $165.00 $165.00 1 625.1 Semivolatiles Group varies 10 $165.00 $165.00 1 625.1PNAsSIM EPA 625.1SIM 10 $165.00 $165.00 1
64432 Primary Inorganics varies 10 $175.00 $175.00 1

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City Council and Concurrent AuthoritiesDecember 10, 2024

City Council and Concurrent Authorities
December 10, 2024