Agenda packet — Suisun City City Council, March 7, 2023

CITY COUNCIL
Alma Hernandez, Mayor
Princess Washington, Mayor Pro Tem
Jenalee Dawson, Member
Amit Pal, Member

CITY COUNCIL MEETING

A G E N D A

REGULAR MEETING OF THE SUISUN CITY COUNCIL,

SUISUN CITY COUNCIL ACTING AS SUCCESSOR AGENCY TO THE

REDEVELOPMENT AGENCY OF THE CITY OF SUISUN CITY,

AND HOUSING AUTHORITY

TUESDAY, MARCH
7, 2023
6:30 PM

Suisun City Council Chambers - 701 Civic Center Boulevard - Suisun City, California

NOTICE
The following Council/Successor Agency/Housing Authority meeting may include teleconference participation by:

Council/Board Members Jenalee Dawson, Amit Pal, Mayor Pro Tem Princess Washington, and Mayor Alma Hernandez, in accordance with subdivisions (b) or (f) of Section 54953 of the Government Code, as applicable.

FACE MASKS ARE RECOMMENDED FOR MEMBERS OF THE PUBLIC

WHILE IN CITY FACILITIES IF NOT
FULLY VACCINATED. IF YOU DO NOT HAVE A FACE MASK, ONE WILL BE PROVIDED FOR YOU.

ZOOM MEETING INFORMATION:

WEBSITE: https://zoom.us/join
MEETING ID:
823 9256 5194

CALL IN PHONE NUMBER: (707) 438-1720

REMOTE PUBLIC COMMENT IS AVAILABLE FOR THE CITY COUNCIL MEETING BY EMAILING [email protected] (PRIOR TO 6 PM), VIA WEBSITE, OR ZOOM CALL IN PHONE NUMBER (707) 438-1720.

(If attending the meeting via phone press *9 to raise your hand and *6 to unmute/mute for public comment.)

(Next Ord. No. – 799)
(Next City Council Res. No. 2023 – 22)
Next Suisun City Council Acting as Successor Agency Res. No. SA2023 - 01) (Next Housing Authority Res. No. HA2023 – 02)

ROLL CALL
Council /Board Members
Pledge of Allegiance
Invocation

1 1
City Manager Update - (Folsom: [email protected]).

2 Mayoral Appointment of Commissions and Committees - (Hernandez:
[email protected]).
a
.

Approval of Appointment to the CAP2 Solano Board of Directors.

3 Council/Board Member Updates.

Joint City Council / Suisun City Council Acting as Successor Agency / Housing Authority

4 Accept the Investment Report for the Quarter Ending December 31, 2022 - (Deol:
[email protected]).

5 Council/Agency/Authority Approval of the Minutes of the Regular and/or Special Meetings of the Suisun City Council, Suisun City Council Acting as Successor Agency, and Housing Authority held on February 21, 2023 – (Skinner: [email protected]).

City Council

6 Council Adoption of Resolution No. 2023-__: Approving the Design and Budget for Prosperity Garden Park and Authorizing the City Manager to Proceed with the Project - (Lofthus: [email protected]).

7 Code Enforcement Division Showcase - (Bermudez: [email protected]).

CONFLICT OF INTEREST NOTIFICATION
(Any items on this agenda that might be a conflict of interest to any Councilmembers / Boardmembers should be identified at this time.)

REPORTS (Informational items only.)

PRESENTATION/APPOINTMENTS
(Presentations, Awards, Proclamations, Appointments).

Speaker cards are available on the table near the entry of the meeting room and should be given to the City Clerk. By law, no prolonged discussion or action may be taken on any item raised during the public comment period, although informational answers to questions may be given and matters may be referred for placement on a future agenda.)

COUNCIL COMMENTS

CONSENT CALENDAR
Consent calendar items requiring little or no discussion may be acted upon with one motion.

PUBLIC HEARING
NONE

GENERAL BUSINESS

2 8
Non-Discussion Items.

REPORTS: (Informational items only)

ADJOURNMENT

3 Public Access To Agenda Documents
A complete packet of information containing staff reports and exhibits related to each item for the open session of this meeting, and provided to the City Council, are available for public review at least 72 hours prior to a Council /Agency/Authority Meeting at Suisun City Hall 701 Civic Center Blvd., Suisun City. Agenda related writings or documents provided to a majority of the Council/Board/Commissioners less than 72 hours prior to a Council/Agency/Authority meeting related to an agenda item for the open session of this meeting will be made available for public inspection during normal business hours. An agenda packet is also located at the entrance to the Council Chambers during the meeting for public review. The city may charge photocopying charges for requested copies of such documents. To the extent feasible, the agenda packet is available for online public viewing on the City’s website: www.suisun.com/government/city-council/city-council

The City Council/Agency/Authority hopes to conclude its public business by 10:00 p.m. No new items will be taken up after 10:00 p.m., unless so moved by a majority of the City Council, and any items remaining will be agendized for the next meeting. The agendas have been prepared with the hope that all items scheduled will be discussed within the time allowed.

Accommodations
If you require an accommodation to participate in this meeting, please contact the City Clerk at (707) 421-7302 or [email protected]. The City’s reasonable accommodation policy is available for review on the City’s website at www.suisun.com/government/city-council/, you may request an electronic copy or have a copy mailed to you.

Please note that for accommodations that are not readily available, you must make your request as soon as you can prior to the time of the meeting.

Decorum
All participants are expected to conduct themselves with mutual respect. Conduct that disrupts meetings will be addressed in accordance with Section 54957.95 of the Government Code.

Ordinances
Ordinances are city laws contained in the Suisun City Municipal Code. Enacting a new city law or changing an existing one is a two-step process. Government Code 36934 provides, except when, after reading the title, further reading is waived by regular motion adopted by majority vote all ordinances shall be read in full either at the time of introduction or passage; provided, however, that a reading of the title or ordinance shall not be required if the title is included on the published agenda and a copy of the full ordinance is made available to the public online and in print at the meeting prior to the introduction or passage.

Certification Of Posting
Agendas are posted at least 72 hours in advance of regular meetings at Suisun City Hall, 701 Civic Center Boulevard, Suisun City, CA. Agendas may be posted at other Suisun City locations including:

Suisun City Fire Station, 621 Pintail Drive, Suisun City, CA; Suisun City Senior Center, 318 Merganser Drive, Suisun City, CA; Joe Nelson Center, 611 Village Drive, Suisun City, CA;
Harbor Master Office, 800 Kellogg Street, Suisun City, CA.

I, Donna Pock, Deputy City Clerk for the City of Suisun City, declare under penalty of perjury that the above agenda was posted and available for review, in compliance with the Brown Act. 4 AGENDA ITEM NO. 4

AGENDA TRANSMITTAL

MEETING DATE:

March
7, 2023

CITY AGENDA ITEM:

Accept the Investment Report for the Quarter Ending December 31, 2022.

FISCAL IMPACT:

No fiscal impact; informational only.

STRATEGIC PLAN:

Ensure Fiscal Solvency; Provide Good Governance.

BACKGROUND:

Each quarter it is necessary to produce an Investment Report showing how all City, Housing Authority, Successor Agency and Suisun-Solano Water Authority’s available cash is invested, in terms of the type of investment, what institution it is invested in, and current value and interest earnings.

STAFF REPORT:

The total cash and investments (per amount) equaled to $45,871,697 for the period ending December 31, 2022. In summary, the cash and investment portfolio consist of the following governmental funds:

SSWA 2019 Series Bond
Proceeds
$573, 204
Energy Conservation Project-
ENGIE
$376,042
Debt Service Reserves
$1,434,369
General Fund
$8,786,697
Trust/Fiduciary Funds
$1,086,718
All Other Funds
$23,614,667
Total
$45,871,697

In terms of return on our investment managed by PFM Asset Management LLC, the current yield to maturity at cost is 1.80% with an average life of 821 days. The average Local Agency Investment Fund (LAIF) return for the current quarter is 1.98%. For additional detail, please refer to the PFM Managed Account summary Statement attached to this staff report. As of December 31, 2022, the Par Value of investment managed by PFM Asset Management is $22,821,136.

According to PFM’s quarterly report, the U.S. economy is characterized by high inflation that show signs of slowing and expectations for a modest yet broad economic downturn. The Federal Reserve projections show rate hikes slowing, ending in 2023.

Recent market volatility has caused most fixed-income investors to experience significant unrealized losses. Unrealized gains or losses are the difference between the current market value of an investment and it’s carrying value on the books, usually measured by amortized cost (or under some accounting treatments, original purchase cost).

The recent surge in unrealized losses occurred primarily because interest rates rose sharply in 2022, 5 noting that fixed-income security prices and therefore market values move inversely to interest rates.

Unrealized losses reflect market values at a point in time and will vary day-to-day. However, losses are only monetized, or “realized,” when a security is sold. If fixed-income investments are held to maturity, unrealized losses dissipate, and the full principal is returned at maturity. So, while unrealized losses reflect the value of each asset if it were sold at today’s prices, outside of a permanent impairment, unrealized losses could be thought of as temporary, if the intent is to hold to maturity.

As can be seen in the Pie Chart on the last page of the attached Investment Report, nearly 80% of the cash (other than cash in checking accounts) is invested in federally insured CD’s, US Treasuries, Agency Notes, Commercial Paper, Corporate Notes or LAIF, all of which generate modest yields.

STAFF RECOMMENDATION:

It is recommended that the Council/Authority accept the Quarter Ending December 31, 2022, Financial Officer’s Investment Report.

DOCUMENTS ATTACHED:
1 .

Financial Officer’s Investment Report, for the Quarter Ending December 31, 2022. 2 .

PFM Asset Management-City of Suisun City Investment Performance Review for the Quarter Ended December 31, 2022.

PREPARED BY:

Elizabeth Luna, Accounting Services Manager
REVIEWED BY:

Lakhwinder Deol, Finance Director
APPROVED BY:

Greg Folsom, City Manager

ATTACHMENTS:
1 Investment Report.pdf
2 Investment Performance Review.pdf
6 7
8 9
Investment Performance Review
For the Quarter Ended December 31, 2022
Client Management Team PFM Asset Management LLC
Sarah Meacham, Managing Director
Allison Kaune, Senior Analyst
213 Market Street
Harrisburg, PA 17101-2141
717-232-2723
633 W 5th St., 25th Floor
Los Angeles, CA 90071
213-415-1699
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 SUISUN CITY
10 © PFM Asset Management LLC pfmam.com |
Market Update
11 PFM Asset Management LLC© PFM Asset Management LLC | pfmam.com Current Market Themes
▸ The U.S. economy is characterized by:
▹ H
igh inflation that shows signs of slowing
▹ Continued strong labor market
▹ Expectations for a modest yet broad economic downturn ▸ The Federal Reserve projections show rate hikes slowing, ending in 2023 ▹ Fed projecting short-term fed funds rate to reach 5.00% to 5.25% by year-end ▹ Markets expecting rate cuts in the second half of 2023 ▹ Fed officials reaffirm that restoring price stability is the utmost priority, despite risks of overtightening
▸ Volatile markets potentially calming
▹ Treasury yields in the belly of the curve (3-7 years) ended the quarter slightly lower, while shorter and longer maturities ended higher ▹ Yield curve inversion has deepened further since last quarter ▹ While still elevated, volatility has begun subsiding
1 CITY OF SUISUN CITY
For the Quarter Ended December 31, 2022
Market Update
12 PFM Asset Management LLC
For the Quarter Ended March 31, 2022
Market Update
Fo
r the Quarter Ended December 31, 2022
Market Update
© PFM Asset Management LLC | pfmam.com
Inflation Now Trending Lower
Source: Bloomberg, as of December 2022.

Lower energy
and goods
prices help to
offset increases
in wage-driven
services costs
Dec-22

6.5%
-2%
0%
2%
4%
6%
8%
10%
Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Sep-22 Consumer Prices (CPI)
Top-Line Contributions and Year-over-Year Reading
Services (Ex Food & Energy) Goods (Ex Food & Energy) Food Energy Headline YoY%
Bloomberg
Forecasts
Q1
‘23
Q2
‘23
Q3
‘23
Dec-22
Fo
r the Quarter Ended December 31, 2022
Market Update
© PFM Asset Management LLC pfmam.com|

CITY OF SUISUN CITY
2 13
PFM Asset Management LLC
For the Quarter Ended March 31, 2022
Market Update
Fo
r the Quarter Ended December 31, 2022
Market Update
© PFM Asset Management LLC | pfmam.com
Recession Gauge Flashing Yellow, But GDP Expected to Grow by End of Year Labor
market
Consumer
Retail sales
Manufacturing
Inverted
yield curve
Recession Risk
Rate hike cycle
I
nflation

1.1%

0.1%
-0.6%

0.0%

0.9%

1.5%

1.8%
-2.0%
-1
.5%
-1.0%
-0.5%

0.0%

0.5%

1.0%

1.5%

2.0%

2.5%
Q4 '22 Q1 '23 Q2 '23 Q3 '23 Q4 '23 Q1 '24 Q2 '24
U.S. GDP Forecasts
Annualized Rate
Range Median of Forecasts
Source: Bloomberg, Economist Forecasts. Recession risk based on most recent economic data as of 1/9/2023.

Housing
Fo
r the Quarter Ended December 31, 2022
Market Update
© PFM Asset Management LLC pfmam.com|

CITY OF SUISUN CITY
3 14
PFM Asset Management LLC
For the Quarter Ended June 30, 2022
Market Update
Fo
r the Quarter Ended December 31, 2022
Market Update
© PFM Asset Management LLC | pfmam.com
Yield Curve Inversion Deepens
4Q2022
12/31/22
3Q2022
09/30/22
QoQ
Change
3-month 4.34% 3.25% +1 .10%
1-year 4.69% 3.93% +0.75%
2-year 4.43% 4.28% +0.15%
3-year 4.22% 4.29% -0.06%
5-year 4.00% 4.09% -0.09%
10-year 3.87% 3.83% +0.05%
30-year 3.96% 3.78% +0.19%

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%
3 M
1 Y
2 Y
3 Y
4 Y
5 Y
10 Y
30 Y
Maturity
U.S. Treasury Yield Curve
December 31, 2022
September 30, 2022
December 31, 2021
Source: Bloomberg, as of December 2022.

Treasury yield in the belly of the
c
urve ended the quarter slightly
lower, while shorter and longer
maturities ended higher
Fo
r the Quarter Ended December 31, 2022
Market Update
© PFM Asset Management LLC pfmam.com|

CITY OF SUISUN CITY
4 15
PFM Asset Management LLC© PFM Asset Management LLC | pfmam.com Source: ICE BofAML Indices. ABS indices are 0-5 year, based on weighted average life. As of 12/31/2022.

Fixed-Income Markets Total Returns
1-5 Year Indices

0.95%

0.87%

0.78%

1.73%

0.0%

0.5%

1.0%

1.5%

2.0%
U.S. Treasury Agency ABS Corp A-AAA
Fourth Quarter 2022
-5.25% -5.22%
-2.55%
-5.67%
-6.5%
-5.5%
-4.5%
-3.5%
-2.5%
-1.5%
-0.5%
U.S. Treasury Agency ABS Corp A-AAA
2022
5 CITY OF SUISUN CITY
For the Quarter Ended December 31, 2022
Market Update
16 PFM Asset Management LLC
For the Quarter Ended March 31, 2022
Market Update
Fo
r the Quarter Ended December 31, 2022
Market Update
© PFM Asset Management LLC | pfmam.com
Source: Federal Reserve and Bloomberg. Individual dots represent each Fed members’ judgement of the midpoint of the appropriate target range for the federal funds rate at each year-end.

Fed’s “Dot Plot” Suggests Expectations for a Drawn O u t Normalization of Policy 0%
1%
2%
3%
4%
5%
6%
Fed Participants’ Assessments of ‘Appropriate’ Monetary Policy Dec-22 FOMC Projections
Dec-22 Median
Dec 2023 Longer TermDec 2024 Dec 2025
Fo
r the Quarter Ended December 31, 2022
Market Update
© PFM Asset Management LLC pfmam.com|

CITY OF SUISUN CITY
6 17
For the Quarter Ended March 31, 2022
Market Update
What Could the Fed’s Pivot Look Like?
Fo
r the Quarter Ended December 31, 2022
Market Update
© PFM Asset Management LLC | pfmam.com
+25
+50
+75 +75 +75 +75
+50
+25 +25
-25 -25 -25
0%
1%
2 %
3%
4%
5%
6%
-50
-25
0 25
50 75
100
Jan-22 May-22 Jul-22 Nov-22 Feb-23 May-23 Jul-23 Nov-23 Jan-24 Basis Point Change
FOMC Meeting Dates
Changes to the Target Fed Funds Rate
Actual Market Expectation FF Mid-Point (right axis)
Source: Bloomberg WIRP Interest Rate Probability as of 1/9/2023.

Fo
r the Quarter Ended December 31, 2022
Market Update
© PFM Asset Management LLC pfmam.com|

CITY OF SUISUN CITY
7 18
© PFM Asset Management LLC pfmam.com|
Portfolio Review:

CITY OF SUISUN CITY
19 © PFM Asset Management LLC pfmam.com

CITY OF SUISUN CITY
For the Quarter Ended December 31, 2022
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 the ICE BofAML 0-5 Year U.S Treasury Index. Prior to 6/30/06 it was the ICE BofAML 1-3 Year U.S Treasury Index. Source: Bloomberg.

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 SUISUN CITY¹
Credit Quality - S&P
28%
25% 24%
15%
7%
28% 27%
20%
16%
9%
0%
5%
10%
15%
20%
25%
30%
0-1 Yr 1-2 Yrs 2-3 Yrs 3-4 Yrs 4-5 Yrs
Portfolio Benchmark
Duration Distribution
U.S. Treasury | 51%
Federal Agency | 22%
Corporate | 15%
ABS | 5%
Negotiable CD | 4%
Agency CMBS | 3%
Commercial Paper | 1%
Sector Allocation
AAA | 4%
AA+ | 76%
AA | 1%
A-1+ | 1%
A+ | 2%
A | 6%
A- | 4%
A-1 | 2%
BBB+ | 2%
Not Rated | 1%
Portfolio Statistics
Portfolio Effective Duration 1 .98 years
Benchmark Effective Duration 1.97 years
Portfolio Credit Quality AA
Yield At Market 4.52%
Yield At Cost 1.80%
Total Market Value $22,530,048.96
$21,588,669.57Securities Sub-Total
$854,833.01Cash
$86,546.38Accrued Interest
9 20
© PFM Asset Management LLC pfmam.com

CITY OF SUISUN CITY
For the Quarter Ended December 31, 2022
Account Summary
|
Account Summary
Yield at market, yield on cost, and portfolio duration only include investments held within the separately managed account(s), excludes balances invested in overnight funds.1.

CITY OF SUISUN CITY
Portfolio Values December 31, 2022
PFMAM Managed Account $21,588,670
Amortized Cost $22,662,638
Market Value $21,588,670
Accrued Interest $86,546
Cash $854,833
Analytics¹ December 31, 2022
Yield at Market 4.52%
Yield on Cost 1.80%
Portfolio Duration 1.98
10 21
© PFM Asset Management LLC pfmam.com

CITY OF SUISUN CITY
For the Quarter Ended December 31, 2022
Account Summary
|

34.8%

9.6%

0.7%

2.3%

2.1%

14.4%

33.0%

0.0% 20.0% 40.0% 60.0% 80.0% 100.0%
Local Government Investment Pool - $11,544,027
Corporate - $3,204,184
Commercial Paper - $244,571
Negotiable CD - $756,630
Agency CMBS - $701,869
Federal Agency - $4,794,528
U.S. Treasury - $10,949,804
Portfolio Allocation Sector Limit for Analysis*
Sector Allocation Analytics
For informational/analytical purposes only and is not provided for compliance assurance. Includes accrued interest. *Sector Limit for Analysis is as derived from our interpretation of your most recent Investment Policy as provided. 11 22
© PFM Asset Management LLC pfmam.com

CITY OF SUISUN CITY
For the Quarter Ended December 31, 2022
Portfolio Characteristics
|
$0.0
$4.4
$8.8
$13.2
$17.6
$22.0
Millions
December 2022
$0.0
$4.4
$8.8
$13.2
$17.6
$22.0
Millions
September 2022
$0.0
$4.4
$8.8
$13.2
$17.6
$22.0
Millions
June 2022
$0.0
$4.4
$8.8
$13.2
$17.6
$22.0
Millions
March 2022
Sector Allocation Review
U.S. Treasury Federal Agency Agency CMBS Negotiable CD Commercial Paper 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.

Mar-22 % of TotalSecurity Type Jun-22 % of Total Sep-22 % of Total % of TotalDec-22 U.S. Treasury $12.2 56.0% $11.8 54.3% $11.1 52.0% $10.9 50.7% Federal Agency $5.5 25.0% $4.3 19.6% $4.6 21.3% $4.8 22.1% Agency CMBS $0.8 3.7% $0.6 3.0% $0.7 3.5% $0.7 3.2%
Negotiable CD $0.5 2.3% $0.7 3.4% $0.7 3.5% $0.7 3.5%
Commercial Paper $0.8 3.7% $0.8 3.7% $0.2 1.1% $0.2 1.1% Corporate $1.9 8.6% $2.9 13.3% $3.1 14.7% $3.2 14.7%
ABS $0.2 0.7% $0.6 2.7% $0.8 3.9% $1.0 4.7%
Total $21.8 100.0% $21.7 100.0% $21.4 100.0% $21.6 100.0% 12 23
© PFM Asset Management LLC pfmam.com

CITY OF SUISUN CITY
For the Quarter Ended December 31, 2022
Portfolio Activity
|
Portfolio Activity
Net Activity by Sector
($ millions)
U.S. Treasury
Agency CMBS
Negotiable CD
ABS
Federal Agency
U.S. Treasury
A
gency CMBS
Negotiable CD
ABS
Federal Agency
($1.5) ($1.0) ($0.5) $0.0 $0.5 $1.0 $1.5
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
Federal Agency $204,178
ABS $184,963
Negotiable CD ($1,555)
Agency CMBS ($48,718)
U.S. Treasury ($224,245)
$114,625Total Net Activity
Sales/Maturities Purchases
13 24
© PFM Asset Management LLC pfmam.com

CITY OF SUISUN CITY
For the Quarter Ended December 31, 2022
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 September 30, 2005.1.

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

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.3.

The portfolio’s benchmark is currently the ICE BofAML 0-5 Year U.S Treasury Index. Prior to 6/30/06 it was the ICE BofAML 1-3 Year U.S Treasury Index. Source: Bloomberg.4. -4.0%
-3.0%
-2.0%
-1.0%

0.0%

1.0%
Return
Portfolio Benchmark Net of Fees
Portfolio Performance
Market Value Basis Earnings 3 Months 1 Year 3 Years 5 Years 10 Years Interest Earned² $ 90,794 $316,666 $868,139 $1,535,001 $2,684,067 Change in Market Value $112,185 ($1,165,402) ($1,229,116) ($807,276) ($1,193,872) $202,979Total Dollar Return ($848,736) ($360,977) $727,725 $1,490,195 Total Return³
Portfolio 0.94% -3.76% -0.28% 0.93% 0.84%
Benchmark⁴ 0.93% -3.93% -0.45% 0.81% 0.74%
Basis Point Fee 0.03% 0.13% 0.13% 0.13% 0.13%
Net of Fee Return 0.91% -3.89% -0.41% 0.80% 0.71%
3 Months 1 Year 3 Years 5 Years 10 Years
14 25
© PFM Asset Management LLC pfmam.com

CITY OF SUISUN CITY
For the Quarter Ended December 31, 2022
Portfolio Performance
|
The lesser of 10 years or since inception is shown. Performance inception date is September 30, 2005.1.

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
Accrual Basis Earnings
Interest Earned²
Re
alized Gains / (Losses)³
Change in Amortized Cost
Total Earnings
3 Months
$90,794
($
3,316)
$614
$88,092
1 Year
$316,666
($
74,221)
($30,821)
$211,625
3 Years
$868,139
$7
6,722
($83,927)
$860,934
5 Year
$1,535,001
$5
2,041
$24,210
$1,611,252
10 Year¹
$2,684,067
$2
02,839
($86,473)
$2,800,434
15 26
© PFM Asset Management LLC pfmam.com

CITY OF SUISUN CITY
For the Quarter Ended December 31, 2022
Account Summary
|
Ratings shown are calculated by assigning a numeral value to each security rating, then calculating a weighted average rating for each security type / issuer category using all available security ratings, excluding Not-Rated (NR) ratings. For security type / issuer categories where a rating from the applicable NRSRO is not available, a rating of NR is assigned. Includes accrued interest and excludes balances invested in overnight funds.

Issuer Diversification
Market Value (%) S&P / Moody's / FitchSecurity Type / Issuer

50.5%U.S. Treasury
UNITED STATES TREASURY 50.5% AA / Aaa / AAA

22.1%Federal Agency
FANNIE MAE 7 .5% AA / Aaa / AAA
FEDERAL FARM CREDIT BANKS 1.5% AA / Aaa / AAA
FEDERAL HOME LOAN BANKS 6.6% AA / Aaa / NR
FREDDIE MAC 6.5% AA / Aaa / AAA

3.2%Agency CMBS
FREDDIE MAC 3.2% AA / Aaa / AAA

3.5%Negotiable CD
BARCLAYS PLC 1.2% A / Aa / A
SUMITOMO MITSUI FINANCIAL GROUP INC 1.2% A / Aa / A
TORONTO-DOMINION BANK 1.2% A / A / NR

1.1%Commercial Paper
ROYAL BANK OF CANADA 1.1% AA / Aa / AA

14.8%Corporate
AMAZON.COM INC 0.7% AA / A / AA
AMERICAN EXPRESS CO 0.7% BBB / A / A
AMERICAN HONDA FINANCE 0.8% A / A / A
CATERPILLAR INC 1.2% A / A / A
CITIGROUP INC 0.4% BBB / A / A
DEERE & COMPANY 0.8% A / A / A
GOLDMAN SACHS GROUP INC 0.8% BBB / A / A
HOME DEPOT INC 0.2% A / A / A
HONEYWELL INTERNATIONAL 0.5% A / A / A
IBM CORP 0.7% A / A / NR
INTEL CORPORATION 0.8% A / A / A
Market Value (%) S&P / Moody's / FitchSecurity Type / Issuer

14.8%Corporate
JP MORGAN CHASE & CO 0.8% A / A / AA
MORGAN STANLEY 0.6% A / A / A

NATIONAL RURAL UTILITIES CO FINANCE
CORP

0.7% A / A / A
NORTHERN TRUST 0.5% A / A / A
STATE STREET CORPORATION 0.7% A / A / AA
TARGET CORP 0.5% A / A / A

THE BANK OF NEW YORK MELLON

CORPORATION

1.1% A / A / AA
TOYOTA MOTOR CORP 0.7% A / A / A
TRUIST FIN CORP 0.7% A / A / A
UNITEDHEALTH GROUP INC 0.2% A / A / A
WAL-MART STORES INC 0.8% AA / Aa / AA

4.7%ABS
AMERICAN EXPRESS CO 0.9% AAA / NR / AAA
BMW VEHICLE OWNER TRUST 0.3% AAA / Aaa / NR
CARMAX AUTO OWNER TRUST 0.7% AAA / NR / AAA
DISCOVER FINANCIAL SERVICES 1.3% AAA / Aaa / AAA

GM FINANCIAL CONSUMER AUTOMOBILE
TRUST

0.2% AAA / NR / AAA
HYUNDAI AUTO RECEIVABLES 0.5% AAA / NR / AAA
MERCEDES-BENZ AUTO RECEIVABLES 0.9% AAA / Aaa / NR
100.0%Total
16 27
© PFM Asset Management LLC pfmam.com

CITY OF SUISUN CITY
For the Quarter Ended December 31, 2022
Compliance
|
Note: Pre- and post-trade compliance for the account(s) managed by PFM Asset Management is provided via Bloomberg Asset and Investment Management ("AIM").

Certificate of Compliance
During the reporting period for the quarter ended December 31, 2022, the account(s) managed by PFM Asset Management ("PFMAM") were in compliance with the applicable investment policy and guidelines as furnished to PFMAM.

Acknowledged : PFM Asset Management LLC
17 28
© PFM Asset Management LLC pfmam.com|
Portfolio Holdings and Transactions
29 © PFM Asset Management LLC pfmam.com

CITY OF SUISUN CITY
For the Quarter Ended December 31, 2022
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 NOTES
DTD 02/01/2016 1.750% 01/31/2023
912828P38 100,000.00 AA+ Aaa 11/1/2018 11/6/2018 95,230.47 2.96 732.34 99,796.8899,907.51

US TREASURY NOTES
DTD 02/29/2016 1.500% 02/28/2023
912828P79 230,000.00 AA+ Aaa 12/28/2020 12/31/2020 236,765.23 0.14 1,172.24 228,957.82230,497.32

US TREASURY NOTES
DTD 03/31/2016 1.500% 03/31/2023
912828Q29 600,000.00 AA+ Aaa 10/4/2021 10/6/2021 611,789.06 0.17 2,299.45 595,687.50601,939.42

US TREASURY NOTES
DTD 03/31/2016 1.500% 03/31/2023
912828Q29 100,000.00 AA+ Aaa 5/1/2018 5/2/2018 94,000.00 2.82 383.24 99,281.2599,702.34

US TREASURY NOTES
DTD 04/30/2018 2.750% 04/30/2023
9128284L1 145,000.00 AA+ Aaa 9/27/2019 9/30/2019 150,698.05 1.62 682.94 144,116.40145,518.40

US TREASURY N/B NOTES
DTD 07/31/2021 0.125% 07/31/2023
91282CCN9 300,000.00 AA+ Aaa 11/10/2021 11/15/2021 298,464.84 0.43 156.93 292,078.14299,480.07

US TREASURY NOTES
DTD 09/30/2016 1.375% 09/30/2023
912828T26 285,000.00 AA+ Aaa 6/3/2019 6/5/2019 278,865.82 1.90 1,001.22 277,919.52283,942.65

US TREASURY NOTES
DTD 09/30/2016 1.375% 09/30/2023
912828T26 415,000.00 AA+ Aaa 8/24/2021 8/25/2021 424,710.35 0.26 1,457.91 404,689.82418,448.06

US TREASURY NOTES
DTD 10/31/2016 1.625% 10/31/2023
912828T91 375,000.00 AA+ Aaa 10/25/2021 10/26/2021 383,686.52 0.47 1,043.68 365,625.00378,580.97

US TREASURY NOTES
DTD 02/28/2019 2.375% 02/29/2024
9128286G0 320,000.00 AA+ Aaa 8/11/2021 8/12/2021 336,487.50 0.35 2,582.32 311,649.98327,508.81

US TREASURY NOTES
DTD 03/31/2017 2.125% 03/31/2024
912828W71 500,000.00 AA+ Aaa 10/4/2021 10/6/2021 521,425.78 0.39 2,714.63 484,296.90510,748.32

US TREASURY NOTES
DTD 03/31/2017 2.125% 03/31/2024
912828W71 60,000.00 AA+ Aaa 8/1/2019 8/5/2019 60,806.25 1.82 325.75 58,115.6360,215.79

US TREASURY NOTES
DTD 05/01/2017 2.000% 04/30/2024
912828X70 250,000.00 AA+ Aaa 5/3/2019 5/6/2019 245,830.08 2.36 856.35 241,210.95248,889.40

US TREASURY NOTES
DTD 05/15/2014 2.500% 05/15/2024
912828WJ5 430,000.00 AA+ Aaa 9/27/2019 9/30/2019 447,048.83 1.61 1,395.72 417,301.58435,047.02

US TREASURY N/B NOTES
DTD 07/15/2021 0.375% 07/15/2024
91282CCL3 425,000.00 AA+ Aaa 8/2/2021 8/4/2021 425,581.05 0.33 736.24 398,039.06425,302.95 19 30
© PFM Asset Management LLC pfmam.com

US TREASURY NOTES
DTD 08/15/2014 2.375% 08/15/2024
912828D56 290,000.00 AA+ Aaa 8/29/2019 8/30/2019 303,095.31 1.43 2,601.53 279,804.70294,278.38

US TREASURY NOTES
DTD 10/02/2017 2.125% 09/30/2024
9128282Y5 355,000.00 AA+ Aaa 10/4/2021 10/6/2021 372,056.64 0.50 1,927.39 340,522.67364,983.61

US TREASURY N/B NOTES
DTD 10/15/2021 0.625% 10/15/2024
91282CDB4 210,000.00 AA+ Aaa 10/25/2021 10/26/2021 209,294.53 0.74 281.25 196,054.70209,575.42

US TREASURY N/B NOTES
DTD 11/15/2021 0.750% 11/15/2024
91282CDH1 225,000.00 AA+ Aaa 5/6/2022 5/9/2022 213,477.54 2.87 219.10 210,023.44216,442.60

US TREASURY NOTES
DTD 11/30/2017 2.125% 11/30/2024
9128283J7 110,000.00 AA+ Aaa 1/2/2020 1/6/2020 112,384.77 1.66 205.49 105,273.43110,931.26

US TREASURY NOTES
DTD 12/31/2019 1.750% 12/31/2024
912828YY0 275,000.00 AA+ Aaa 10/27/2020 10/27/2020 291,736.33 0.28 13.29 260,992.19283,006.24

US TREASURY NOTES
DTD 07/31/2020 0.250% 07/31/2025
91282CAB7 200,000.00 AA+ Aaa 8/2/2021 8/4/2021 197,843.75 0.52 209.24 180,437.50198,605.91

US TREASURY NOTES
DTD 09/30/2020 0.250% 09/30/2025
91282CAM3 400,000.00 AA+ Aaa 10/25/2021 10/26/2021 388,875.00 0.97 255.49 359,062.48392,224.13

US TREASURY NOTES
DTD 10/31/2020 0.250% 10/31/2025
91282CAT8 250,000.00 AA+ Aaa 3/30/2021 3/31/2021 243,710.94 0.81 107.04 223,515.63246,117.68

US TREASURY NOTES
DTD 11/30/2020 0.375% 11/30/2025
91282CAZ4 400,000.00 AA+ Aaa 10/25/2021 10/26/2021 389,546.88 1.03 131.87 357,750.00392,565.43

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 150,000.00 AA+ Aaa 5/4/2021 5/6/2021 147,462.89 0.75 1.55 133,968.75148,365.80

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 300,000.00 AA+ Aaa 6/2/2021 6/7/2021 295,593.75 0.70 3.11 267,937.50297,107.41

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 325,000.00 AA+ Aaa 7/1/2021 7/7/2021 318,614.26 0.82 3.37 290,265.62320,731.14

US TREASURY NOTES
DTD 12/31/2020 0.375% 12/31/2025
91282CBC4 355,000.00 AA+ Aaa 1/29/2021 2/2/2021 354,237.30 0.42 3.68 317,059.38354,534.21

US TREASURY NOTES
DTD 01/31/2021 0.375% 01/31/2026
91282CBH3 250,000.00 AA+ Aaa 3/1/2021 3/3/2021 246,162.11 0.69 392.32 222,343.75247,592.50

US TREASURY N/B NOTES
DTD 07/31/2021 0.625% 07/31/2026
91282CCP4 250,000.00 AA+ Aaa 1/3/2022 1/5/2022 242,285.16 1.32 653.87 220,820.30243,954.86

US TREASURY N/B NOTES
DTD 09/30/2021 0.875% 09/30/2026
91282CCZ2 200,000.00 AA+ Aaa 10/4/2021 10/6/2021 199,328.12 0.94 447.12 177,562.50199,494.98 20 31
© PFM Asset Management LLC pfmam.com

US TREASURY N/B NOTES
DTD 09/30/2021 0.875% 09/30/2026
91282CCZ2 300,000.00 AA+ Aaa 10/25/2021 10/26/2021 295,792.97 1.17 670.67 266,343.75296,802.66

US TREASURY NOTES
DTD 11/15/2016 2.000% 11/15/2026
912828U24 250,000.00 AA+ Aaa 6/8/2022 6/10/2022 238,994.14 3.07 649.17 231,054.70240,387.72

US TREASURY N/B NOTES
DTD 12/31/2021 1.250% 12/31/2026
91282CDQ1 200,000.00 AA+ Aaa 1/3/2022 1/5/2022 199,062.50 1.35 6.91 179,031.24199,248.35

US TREASURY NOTES
DTD 02/15/2017 2.250% 02/15/2027
912828V98 335,000.00 AA+ Aaa 8/1/2022 8/5/2022 328,156.05 2.73 2,847.04 311,550.00328,772.21

US TREASURY NOTES
DTD 02/15/2017 2.250% 02/15/2027
912828V98 200,000.00 AA+ Aaa 11/28/2022 11/30/2022 186,414.06 4.02 1,699.73 186,000.00186,696.73

US TREASURY NOTES
DTD 05/15/2017 2.375% 05/15/2027
912828X88 250,000.00 AA+ Aaa 10/31/2022 11/1/2022 230,273.44 4.31 770.89 232,968.75231,000.08

US TREASURY NOTES
DTD 05/15/2017 2.375% 05/15/2027
912828X88 270,000.00 AA+ Aaa 9/1/2022 9/6/2022 257,649.61 3.44 832.56 251,606.25258,493.65

US TREASURY N/B NOTES
DTD 06/30/2022 3.250% 06/30/2027
91282CEW7 500,000.00 AA+ Aaa 12/28/2022 1/3/2023 485,097.66 3.98 134.67 483,281.25485,097.66

US TREASURY NOTES
DTD 08/31/2020 0.500% 08/31/2027
91282CAH4 250,000.00 AA+ Aaa 11/28/2022 11/30/2022 213,046.88 3.94 424.72 212,773.45213,728.44 11,635,000.00 11,571,582.42 33,034.03 10,916,770.36Security Type Sub-Total 1.37 11,526,468.09 Negotiable CD

BARCLAYS BANK PLC NY CERT
DEPOS
DTD 02/03/2022 1.050% 02/01/2023
06742TG34 250,000.00 A-1 P-1 2/2/2022 2/3/2022 250,000.00 1.05 2,420.83 249,191.25250,000.00

SUMITOMO MITSUI BANK NY CERT
DEPOS
DTD 04/26/2022 2.700% 04/26/2023
86565FKG6 250,000.00 A-1 P-1 4/26/2022 4/27/2022 250,000.00 2.70 4,687.50 248,030.21250,000.00

TORONTO DOMINION BANK NY CERT
DEPOS
DTD 10/31/2022 5.600% 10/27/2025
89115B6K1 250,000.00 A A1 10/27/2022 10/31/2022 250,000.00 5.58 2,411.11 249,889.45250,000.00 750,000.00 750,000.00 9,519.44 747,110.91Security Type Sub-Total 3.11 750,000.00 21 32
© PFM Asset Management LLC pfmam.com

FEDERAL FARM CREDIT BANK NOTES
DTD 02/03/2021 0.125% 02/03/2023
3133EMPH9 190,000.00 AA+ Aaa 1/26/2021 2/3/2021 189,893.60 0.15 97.64 189,292.63189,995.19

FREDDIE MAC NOTES
DTD 05/07/2020 0.375% 05/05/2023
3137EAER6 190,000.00 AA+ Aaa 5/5/2020 5/7/2020 189,920.20 0.39 110.83 187,211.94189,990.95

FANNIE MAE NOTES
DTD 05/22/2020 0.250% 05/22/2023
3135G04Q3 155,000.00 AA+ Aaa 5/20/2020 5/22/2020 154,533.45 0.35 41.98 152,318.66154,939.92

FEDERAL HOME LOAN BANK
DTD 07/12/2013 3.250% 06/09/2023
313383QR5 250,000.00 AA+ Aaa 7/1/2019 7/3/2019 263,445.00 1.83 496.53 248,310.00251,487.65

FREDDIE MAC NOTES
DTD 06/26/2020 0.250% 06/26/2023
3137EAES4 225,000.00 AA+ Aaa 6/24/2020 6/26/2020 224,343.00 0.35 7.81 220,116.38224,894.40

FANNIE MAE NOTES
DTD 07/10/2020 0.250% 07/10/2023
3135G05G4 160,000.00 AA+ Aaa 7/8/2020 7/10/2020 159,656.00 0.32 190.00 156,283.20159,940.31

FANNIE MAE NOTES (CALLABLE)
DTD 08/10/2020 0.300% 08/10/2023
3135G05R0 160,000.00 AA+ Aaa 8/11/2020 8/12/2020 159,712.00 0.36 188.00 155,651.68159,941.77

FREDDIE MAC NOTES
DTD 09/04/2020 0.250% 09/08/2023
3137EAEW5 110,000.00 AA+ Aaa 9/2/2020 9/4/2020 110,020.09 0.24 86.32 106,622.12110,004.57

FREDDIE MAC NOTES
DTD 09/04/2020 0.250% 09/08/2023
3137EAEW5 140,000.00 AA+ Aaa 9/2/2020 9/4/2020 139,953.80 0.26 109.86 135,700.88139,989.49

FEDERAL HOME LOAN BANK NOTES
DTD 08/28/2013 3.375% 09/08/2023
313383YJ4 150,000.00 AA+ Aaa 12/4/2018 12/6/2018 152,609.40 2.98 1,589.06 148,487.70150,375.56

FANNIE MAE NOTES
DTD 09/14/2018 2.875% 09/12/2023
3135G0U43 200,000.00 AA+ Aaa 9/12/2018 9/14/2018 199,180.00 2.96 1,740.97 197,267.20199,885.81

FREDDIE MAC NOTES
DTD 10/16/2020 0.125% 10/16/2023
3137EAEY1 95,000.00 AA+ Aaa 10/14/2020 10/16/2020 94,645.65 0.25 24.74 91,527.4794,906.80

FANNIE MAE NOTES
DTD 11/25/2020 0.250% 11/27/2023
3135G06H1 155,000.00 AA+ Aaa 11/23/2020 11/25/2020 154,823.30 0.29 36.60 148,673.68154,946.85

FREDDIE MAC NOTES
DTD 12/04/2020 0.250% 12/04/2023
3137EAFA2 70,000.00 AA+ Aaa 12/2/2020 12/4/2020 69,930.70 0.28 13.13 67,082.6869,978.67

FHLB BONDS
DTD 02/15/2019 2.500% 02/13/2024
3130AFW94 250,000.00 AA+ Aaa 2/14/2019 2/15/2019 249,115.00 2.58 2,395.83 243,733.25249,802.04

FEDERAL HOME LOAN BANK NOTES
DTD 11/04/2022 4.750% 03/08/2024
3130ATUQ8 300,000.00 AA+ Aaa 12/28/2022 1/3/2023 299,673.00 4.85 2,335.42 299,822.40299,673.00

FEDERAL FARM CREDIT BANK NOTES
DTD 05/16/2022 2.625% 05/16/2024
3133ENWP1 140,000.00 AA+ Aaa 5/10/2022 5/16/2022 139,811.00 2.69 459.38 136,074.40139,870.47 22 33
© PFM Asset Management LLC pfmam.com

FEDERAL HOME LOAN BANK NOTES
(CALLABLE)
DTD 11/08/2021 1.000% 11/08/2024
3130APQ81 200,000.00 AA+ Aaa 8/5/2022 8/8/2022 189,644.00 3.41 294.44 186,980.00191,481.15

FANNIE MAE NOTES
DTD 01/10/2020 1.625% 01/07/2025
3135G0X24 100,000.00 AA+ Aaa 1/8/2020 1/10/2020 99,681.00 1.69 785.42 94,462.4099,871.11

FREDDIE MAC NOTES
DTD 02/14/2020 1.500% 02/12/2025
3137EAEP0 150,000.00 AA+ Aaa 6/1/2020 6/3/2020 156,963.00 0.50 868.75 141,079.50153,138.43

FREDDIE MAC NOTES
DTD 02/14/2020 1.500% 02/12/2025
3137EAEP0 55,000.00 AA+ Aaa 2/13/2020 2/14/2020 54,957.65 1.52 318.54 51,729.1554,982.06

FEDERAL HOME LOAN BANK NOTES
DTD 04/16/2020 0.500% 04/14/2025
3130AJHU6 120,000.00 AA+ Aaa 4/15/2020 4/16/2020 119,404.80 0.60 128.33 109,858.56119,727.85

FANNIE MAE NOTES
DTD 04/24/2020 0.625% 04/22/2025
3135G03U5 130,000.00 AA+ Aaa 4/22/2020 4/24/2020 129,732.20 0.67 155.73 119,263.56129,876.38

FANNIE MAE NOTES
DTD 06/19/2020 0.500% 06/17/2025
3135G04Z3 280,000.00 AA+ Aaa 7/10/2020 7/13/2020 280,495.60 0.46 54.44 254,861.60280,247.25

FANNIE MAE NOTES
DTD 08/27/2020 0.375% 08/25/2025
3135G05X7 235,000.00 AA+ Aaa 8/25/2020 8/27/2020 233,900.20 0.47 308.44 211,916.89234,416.94

FREDDIE MAC NOTES
DTD 09/25/2020 0.375% 09/23/2025
3137EAEX3 230,000.00 AA+ Aaa 9/23/2020 9/25/2020 229,307.70 0.44 234.79 206,726.76229,621.97

FREDDIE MAC NOTES (CALLABLE)
DTD 10/23/2020 0.650% 10/22/2025
3134GWZV1 225,000.00 AA+ Aaa 12/6/2021 12/7/2021 219,937.50 1.25 280.31 202,287.60221,332.82

FANNIE MAE NOTES
DTD 11/12/2020 0.500% 11/07/2025
3135G06G3 155,000.00 AA+ Aaa 11/9/2020 11/12/2020 154,445.10 0.57 116.25 139,269.52154,682.78

FEDERAL HOME LOAN BANK NOTES
(CALLABLE)
DTD 08/20/2021 1.100% 08/20/2026
3130ANMH0 200,000.00 AA+ Aaa 7/19/2022 7/20/2022 182,338.00 3.44 800.56 177,646.20184,291.24 5,020,000.00 5,002,071.94 14,270.10 4,780,258.01Security Type Sub-Total 1.41 4,994,293.43 Corporate

AMERICAN EXPRESS CO CORPORATE
NOTES
DTD 05/03/2022 3.375% 05/03/2024
025816CV9 165,000.00 BBB+ A2 4/28/2022 5/3/2022 164,983.50 3.38 897.19 161,411.75164,988.98 23 34
© PFM Asset Management LLC pfmam.com

AMERICAN HONDA FINANCE

CORPORATE NOTES
DTD 01/13/2022 1.500% 01/13/2025
02665WEA5 175,000.00 A- A3 1/11/2022 1/13/2022 174,861.75 1.53 1,225.00 163,910.60174,906.28

TOYOTA MOTOR CREDIT CORP

CORPORATE NOTES
DTD 01/13/2022 1.450% 01/13/2025
89236TJT3 165,000.00 A+ A1 1/10/2022 1/13/2022 164,778.90 1.50 1,116.50 154,549.89164,850.11

GOLDMAN SACHS GROUP INC
(CALLABLE) CORP
DTD 01/24/2022 1.757% 01/24/2025
38141GZH0 170,000.00 BBB+ A2 1/19/2022 1/24/2022 170,000.00 1.76 1,302.62 162,671.98170,000.00

NATIONAL RURAL UTIL COOP

CORPORATE NOTES
DTD 02/07/2022 1.875% 02/07/2025
63743HFC1 160,000.00 A- A2 4/22/2022 4/26/2022 153,728.00 3.36 1,200.00 149,940.00155,268.28

HOME DEPOT INC (CALLABLE)

CORPORATE NOTE
DTD 03/28/2022 2.700% 04/15/2025
437076CM2 15,000.00 A A2 3/24/2022 3/28/2022 14,973.75 2.76 85.50 14,351.4914,980.32

BANK OF NY MELLON CORP
(CALLABLE) CORP N
DTD 04/26/2022 3.350% 04/25/2025
06406RBC0 100,000.00 A A1 4/19/2022 4/26/2022 99,986.00 3.36 614.17 96,853.6099,989.20

CATERPILLAR FINL SERVICE

CORPORATE NOTES
DTD 05/13/2022 3.400% 05/13/2025
14913R2V8 130,000.00 A A2 5/10/2022 5/13/2022 129,834.90 3.44 589.33 126,423.18129,870.00

JOHN DEERE CAPITAL CORP

CORPORATE NOTES
DTD 06/06/2022 3.400% 06/06/2025
24422EWF2 60,000.00 A A2 6/1/2022 6/6/2022 59,986.20 3.41 141.67 58,165.9259,988.83

HOME DEPOT INC NOTES (CALLABLE)
DTD 09/19/2022 4.000% 09/15/2025
437076CR1 25,000.00 A A2 9/12/2022 9/19/2022 24,991.00 4.01 283.33 24,630.3824,991.86

CITIGROUP INC CORP NOTES
(CALLABLE)
DTD 01/25/2022 2.014% 01/25/2026
17327CAN3 85,000.00 BBB+ A3 1/18/2022 1/25/2022 85,000.00 2.01 741.82 78,834.7085,000.00

STATE STREET CORP (CALLABLE)

CORPORATE N
DTD 02/07/2022 1.746% 02/06/2026
857477BR3 160,000.00 A A1 4/22/2022 4/26/2022 152,467.20 3.08 1,125.20 149,488.80153,829.86

MORGAN STANLEY CORP NOTES
(CALLABLE)
DTD 02/18/2022 2.630% 02/18/2026
61747YEM3 135,000.00 A- A1 2/16/2022 2/18/2022 135,000.00 2.63 1,311.71 126,840.20135,000.00 24 35
© PFM Asset Management LLC pfmam.com

JPMORGAN CHASE & CO CORP

NOTES (CALLABLE
DTD 02/24/2022 2.595% 02/24/2026
46647PCV6 175,000.00 A- A1 2/16/2022 2/24/2022 175,000.00 2.60 1,602.05 164,717.35175,000.00

CATERPILLAR FINL SERVICE

CORPORATE NOTES
DTD 01/10/2022 1.700% 01/08/2027
14913R2U0 150,000.00 A A2 1/10/2022 1/12/2022 148,989.00 1.84 1,225.42 135,342.15149,185.43

JOHN DEERE CAPITAL CORP

CORPORATE NOTES
DTD 01/10/2022 1.700% 01/11/2027
24422EWA3 125,000.00 A A2 1/11/2022 1/13/2022 124,295.00 1.82 1,003.47 111,739.63124,431.44

TARGET CORP CORP NOTES
(CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
87612EBM7 100,000.00 A A2 1/21/2022 1/25/2022 100,219.00 1.90 899.17 90,705.30100,177.16

TARGET CORP CORP NOTES
(CALLABLE)
DTD 01/24/2022 1.950% 01/15/2027
87612EBM7 30,000.00 A A2 1/19/2022 1/24/2022 29,949.00 1.99 269.75 27,211.5929,958.60

BANK OF NY MELLON CORP
(CALLABLE) CORPOR
DTD 01/26/2022 2.050% 01/26/2027
06406RBA4 165,000.00 A A1 1/26/2022 1/28/2022 165,199.65 2.02 1,456.35 148,131.56165,162.01

IBM CORP CORP NOTES (CALLABLE)
DTD 02/09/2022 2.200% 02/09/2027
459200KM2 175,000.00 A- A3 2/23/2022 2/25/2022 172,840.50 2.47 1,518.61 157,408.65173,210.36

HONEYWELL INTERNATIONAL
(CALLABLE) CORP
DTD 08/16/2021 1.100% 03/01/2027
438516CE4 125,000.00 A A2 3/1/2022 3/3/2022 119,160.00 2.09 458.33 108,901.00120,133.33

TRUIST FINANCIAL CORP NOTES
(CALLABLE)
DTD 03/02/2021 1.267% 03/02/2027
89788MAD4 165,000.00 A- A3 3/10/2022 3/14/2022 155,034.00 2.57 691.04 146,559.77156,643.72 AMAZON.COM INC CORP NOTE
(CALLABLE)
DTD 04/13/2022 3.300% 04/13/2027
023135CF1 160,000.00 AA A1 4/22/2022 4/26/2022 158,696.00 3.48 1,144.00 151,944.32158,875.81

NORTHERN TRUST CORP NOTE
(CALLABLE)
DTD 05/10/2022 4.000% 05/10/2027
665859AW4 110,000.00 A+ A2 5/10/2022 5/12/2022 111,062.60 3.79 623.33 107,472.20110,924.00

UNITEDHEALTH GROUP INC CORP

NOTES (CALLA
DTD 05/20/2022 3.700% 05/15/2027
91324PEG3 35,000.00 A+ A3 5/17/2022 5/20/2022 34,981.10 3.71 165.47 33,845.9834,983.45 25 36
© PFM Asset Management LLC pfmam.com

INTEL CORP NOTES (CALLABLE)
DTD 08/05/2022 3.750% 08/05/2027
458140BY5 170,000.00 A+ A1 8/10/2022 8/12/2022 170,205.70 3.72 2,585.42 163,500.56170,189.36

WALMART INC CORP NOTES
(CALLABLE)
DTD 09/09/2022 3.950% 09/09/2027
931142EX7 165,000.00 AA Aa2 9/12/2022 9/14/2022 165,267.30 3.91 2,027.67 162,327.66165,251.02 3,395,000.00 3,361,490.05 26,304.12 3,177,880.21Security Type Sub-Total 2.70 3,367,789.41 Commercial Paper

ROYAL BANK OF CANADA NY COMM
PAPER
DTD 09/16/2022 0.000% 06/13/2023
78015DTD2 250,000.00 A-1+ P-1 9/16/2022 9/19/2022 241,971.46 4.47 0.00 244,571.25245,098.68 250,000.00 241,971.46 0.00 244,571.25Security Type Sub-Total 4.47 245,098.68 Agency CMBS
FHMS K724 A2
DTD 01/01/2017 3.062% 11/01/2023
3137BTU25 83,371.57 AA+ Aaa 1/28/2021 2/2/2021 89,002.41 0.58 212.74 82,324.9685,079.93 FHMS K043 A2
DTD 03/01/2015 3.062% 12/01/2024
3137BGK24 390,000.00 AA+ Aaa 3/19/2020 3/25/2020 409,317.19 1.95 995.15 377,828.55397,898.38 FHMS KJ30 A1
DTD 07/01/2020 0.526% 01/01/2025
3137FUZN7 14,265.94 AA+ Aaa 7/23/2020 7/30/2020 14,265.67 0.53 6.25 14,265.9414,265.82 FHMS K046 A2
DTD 06/17/2015 3.205% 03/01/2025
3137BJP64 220,000.00 AA+ Aaa 8/3/2022 8/8/2022 218,358.59 3.51 587.58 212,717.56218,358.59 FHMS KJ32 A1
DTD 11/01/2020 0.516% 06/01/2025
3137F72U8 13,498.82 AA+ Aaa 11/18/2020 11/30/2020 13,498.76 0.52 5.80 12,924.6113,498.79 721,136.33 744,442.62 1,807.52 700,061.62Security Type Sub-Total 2.21 729,101.51 26 37
© PFM Asset Management LLC pfmam.com

CITY OF SUISUN CITY
For the Quarter Ended December 31, 2022
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
BMWOT 2022-A A3
DTD 05/18/2022 3.210% 08/25/2026
05602RAD3 60,000.00 AAA Aaa 5/10/2022 5/18/2022 59,996.88 3.21 32.10 58,471.4459,997.34 HART 2022-A A3
DTD 03/16/2022 2.220% 10/15/2026
448977AD0 110,000.00 AAA NR 3/9/2022 3/16/2022 109,995.77 2.22 108.53 104,767.97109,996.51 GMCAR 2022-1 A3
DTD 01/19/2022 1.260% 11/16/2026
380146AC4 50,000.00 AAA NR 1/11/2022 1/19/2022 49,995.66 1.26 26.25 47,317.2949,996.51 CARMX 2022-3 A3
DTD 07/20/2022 3.970% 04/15/2027
14318MAD1 155,000.00 AAA NR 7/12/2022 7/20/2022 154,996.34 3.97 273.49 150,542.67154,996.69 AMXCA 2022-2 A
DTD 05/24/2022 3.390% 05/17/2027
02582JJT8 195,000.00 AAA NR 5/17/2022 5/24/2022 194,956.87 3.39 293.80 189,295.45194,962.13 DCENT 2022-A2 A
DTD 05/26/2022 3.320% 05/17/2027
254683CS2 170,000.00 NR Aaa 5/19/2022 5/26/2022 169,986.18 3.32 250.84 163,958.00169,987.85 DCENT 2022-A3 A3
DTD 08/09/2022 3.560% 07/15/2027
254683CW3 125,000.00 AAA Aaa 8/2/2022 8/9/2022 124,984.49 3.56 197.78 121,152.98124,985.74 MBART 2022-1 A3
DTD 11/22/2022 5.210% 08/16/2027
58768PAC8 185,000.00 AAA Aaa 11/15/2022 11/22/2022 184,963.41 5.21 428.38 186,511.41184,964.26 1,050,000.00 1,049,875.60 1,611.17 1,022,017.21Security Type Sub-Total 3.59 1,049,887.03 22,821,136.33 22,721,434.09 86,546.38 21,588,669.57Managed Account Sub Total Securities Sub Total
Accrued Interest
$22,821,136.33 $22,721,434.09 $86,546.38 $21,588,669.57 $86,546.38
22,662,638.15
$22,662,638.15

1.80 1.80%
Total Investments $21,675,215.95
27 38
© PFM Asset Management LLC pfmam.com

CITY OF SUISUN CITY
For the Quarter Ended December 31, 2022
Portfolio Activity
|
Quarterly Portfolio Transactions
Trade
Date
Settle
Date Par ($) CUSIP
Maturity
Date
Transact
Amount ($)Coupon
Yield
at Market
Realized
G/L (BV)Security Description
BUY
10/27/2022 10/31/2022 250,000.00 89115B6K1 TORONTO DOMINION BANK NY CERT DEPOS 5.60% 10/27/2025 250,000.00 5.58% 10/31/2022 11/1/2022 250,000.00 912828X88 US TREASURY NOTES 2.37% 5/15/2027 233,016.31 4.31% 11/15/2022 11/22/2022 185,000.00 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 184,963.41 5.21% 11/28/2022 11/30/2022 250,000.00 91282CAH4 US TREASURY NOTES 0.50% 8/31/2027 213,361.11 3.94% 11/28/2022 11/30/2022 200,000.00 912828V98 US TREASURY NOTES 2.25% 2/15/2027 187,722.48 4.02% 12/28/2022 1/3/2023 500,000.00 91282CEW7 US TREASURY N/B NOTES 3.25% 6/30/2027 485,232.33 3.98% 12/28/2022 1/3/2023 300,000.00 3130ATUQ8 FEDERAL HOME LOAN BANK NOTES 4.75% 3/8/2024 302,008.42 4.85% Total BUY 1,935,000.00 1,856,304.06 0.00

INTEREST
10/1/2022 10/25/2022 23,154.67 3137F72U8 FHMS KJ32 A1 0.51% 6/1/2025 9.96 10/1/2022 10/25/2022 17,061.17 3136AEGQ4 FNA 2013-M7 A2 2.28% 12/1/2022 32.42 10/1/2022 10/25/2022 2,932.08 3137FKK39 FHMS KP05 A 3.20% 7/1/2023 7.83 10/1/2022 10/25/2022 390,000.00 3137BGK24 FHMS K043 A2 3.06% 12/1/2024 995.15 10/1/2022 10/25/2022 83,717.93 3137BTU25 FHMS K724 A2 3.06% 11/1/2023 213.62 10/1/2022 10/25/2022 4,525.62 3137B4GX8 FHLMC SERIES K032 A1 3.01% 2/1/2023 11.37 10/1/2022 10/25/2022 220,000.00 3137BJP64 FHMS K046 A2 3.20% 3/1/2025 587.58 10/1/2022 10/25/2022 1,567.94 3137B5JL8 FHLMC MULTIFAMILY STRUCTURED P 2.66% 2/1/2023 3.49 28 39
© PFM Asset Management LLC pfmam.com

INTEREST
10/1/2022 10/25/2022 26,884.06 3137FUZN7 FHMS KJ30 A1 0.52% 1/1/2025 11.78 10/3/2022 10/3/2022 MONEY0002 MONEY MARKET FUND 85.36
10/13/2022 10/13/2022 160,000.00 023135CF1 AMAZON.COM INC CORP NOTE (CALLABLE) 3.30% 4/13/2027 2,640.00 10/14/2022 10/14/2022 120,000.00 3130AJHU6 FEDERAL HOME LOAN BANK NOTES 0.50% 4/14/2025 300.00 10/15/2022 10/15/2022 195,000.00 02582JJT8 AMXCA 2022-2 A 3.39% 5/17/2027 550.88 10/15/2022 10/15/2022 210,000.00 91282CDB4 US TREASURY N/B NOTES 0.62% 10/15/2024 656.25 10/15/2022 10/15/2022 125,000.00 254683CW3 DCENT 2022-A3 A3 3.56% 7/15/2027 370.83 10/15/2022 10/15/2022 155,000.00 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 512.79 10/15/2022 10/15/2022 110,000.00 448977AD0 HART 2022-A A3 2.22% 10/15/2026 203.50 10/15/2022 10/15/2022 15,000.00 437076CM2 HOME DEPOT INC (CALLABLE) CORPORATE NOTE 2.70% 4/15/2025 221.63 10/15/2022 10/15/2022 170,000.00 254683CS2 DCENT 2022-A2 A 3.32% 5/17/2027 470.33 10/16/2022 10/16/2022 95,000.00 3137EAEY1 FREDDIE MAC NOTES 0.12% 10/16/2023 59.38 10/16/2022 10/16/2022 50,000.00 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 52.50 10/22/2022 10/22/2022 225,000.00 3134GWZV1 FREDDIE MAC NOTES (CALLABLE) 0.65% 10/22/2025 731.25 10/22/2022 10/22/2022 130,000.00 3135G03U5 FANNIE MAE NOTES 0.62% 4/22/2025 406.25 10/25/2022 10/25/2022 100,000.00 06406RBC0 BANK OF NY MELLON CORP (CALLABLE) CORP N 3.35% 4/25/2025 1,665.69 10/25/2022 10/25/2022 60,000.00 05602RAD3 BMWOT 2022-A A3 3.21% 8/25/2026 160.50 29 40
© PFM Asset Management LLC pfmam.com

INTEREST
10/31/2022 10/31/2022 375,000.00 912828T91 US TREASURY NOTES 1.62% 10/31/2023 3,046.88 10/31/2022 10/31/2022 250,000.00 91282CAT8 US TREASURY NOTES 0.25% 10/31/2025 312.50 10/31/2022 10/31/2022 145,000.00 9128284L1 US TREASURY NOTES 2.75% 4/30/2023 1,993.75 10/31/2022 10/31/2022 250,000.00 912828X70 US TREASURY NOTES 2.00% 4/30/2024 2,500.00 11/1/2022 11/1/2022 MONEY0002 MONEY MARKET FUND 255.80
11/1/2022 11/25/2022 220,000.00 3137BJP64 FHMS K046 A2 3.20% 3/1/2025 587.58 11/1/2022 11/25/2022 2,899.84 3137B4GX8 FHLMC SERIES K032 A1 3.01% 2/1/2023 7.29 11/1/2022 11/25/2022 83,600.68 3137BTU25 FHMS K724 A2 3.06% 11/1/2023 213.32 11/1/2022 11/25/2022 22,942.63 3137F72U8 FHMS KJ32 A1 0.51% 6/1/2025 9.87 11/1/2022 11/25/2022 21,848.03 3137FUZN7 FHMS KJ30 A1 0.52% 1/1/2025 9.58 11/1/2022 11/25/2022 10,252.91 3136AEGQ4 FNA 2013-M7 A2 2.28% 12/1/2022 19.48 11/1/2022 11/25/2022 390,000.00 3137BGK24 FHMS K043 A2 3.06% 12/1/2024 995.15 11/1/2022 11/25/2022 2,923.56 3137FKK39 FHMS KP05 A 3.20% 7/1/2023 7.80 11/3/2022 11/3/2022 165,000.00 025816CV9 AMERICAN EXPRESS CO CORPORATE NOTES 3.37% 5/3/2024 2,784.38 11/5/2022 11/5/2022 190,000.00 3137EAER6 FREDDIE MAC NOTES 0.37% 5/5/2023 356.25 11/7/2022 11/7/2022 155,000.00 3135G06G3 FANNIE MAE NOTES 0.50% 11/7/2025 387.50 11/8/2022 11/8/2022 200,000.00 3130APQ81 FEDERAL HOME LOAN BANK NOTES (CALLABLE) 1.00% 11/8/2024 1,000.00 30 41
© PFM Asset Management LLC pfmam.com

INTEREST
11/10/2022 11/10/2022 110,000.00 665859AW4 NORTHERN TRUST CORP NOTE (CALLABLE) 4.00% 5/10/2027 2,200.00 11/13/2022 11/13/2022 130,000.00 14913R2V8 CATERPILLAR FINL SERVICE CORPORATE NOTES 3.40% 5/13/2025 2,210.00 11/15/2022 11/15/2022 35,000.00 91324PEG3 UNITEDHEALTH GROUP INC CORP NOTES (CALLA 3.70% 5/15/2027 629.51 11/15/2022 11/15/2022 430,000.00 912828WJ5 US TREASURY NOTES 2.50% 5/15/2024 5,375.00 11/15/2022 11/15/2022 195,000.00 02582JJT8 AMXCA 2022-2 A 3.39% 5/17/2027 550.88 11/15/2022 11/15/2022 520,000.00 912828X88 US TREASURY NOTES 2.37% 5/15/2027 6,175.00 11/15/2022 11/15/2022 155,000.00 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 512.79 11/15/2022 11/15/2022 250,000.00 912828U24 US TREASURY NOTES 2.00% 11/15/2026 2,500.00 11/15/2022 11/15/2022 125,000.00 254683CW3 DCENT 2022-A3 A3 3.56% 7/15/2027 370.83 11/15/2022 11/15/2022 225,000.00 91282CDH1 US TREASURY N/B NOTES 0.75% 11/15/2024 843.75 11/15/2022 11/15/2022 110,000.00 448977AD0 HART 2022-A A3 2.22% 10/15/2026 203.50 11/15/2022 11/15/2022 170,000.00 254683CS2 DCENT 2022-A2 A 3.32% 5/17/2027 470.33 11/16/2022 11/16/2022 140,000.00 3133ENWP1 FEDERAL FARM CREDIT BANK NOTES 2.62% 5/16/2024 1,837.50 11/16/2022 11/16/2022 50,000.00 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 52.50 11/22/2022 11/22/2022 255,000.00 3135G04Q3 FANNIE MAE NOTES 0.25% 5/22/2023 318.75 11/25/2022 11/25/2022 60,000.00 05602RAD3 BMWOT 2022-A A3 3.21% 8/25/2026 160.50 11/27/2022 11/27/2022 155,000.00 3135G06H1 FANNIE MAE NOTES 0.25% 11/27/2023 193.75 31 42
© PFM Asset Management LLC pfmam.com

INTEREST
11/30/2022 11/30/2022 110,000.00 9128283J7 US TREASURY NOTES 2.12% 11/30/2024 1,168.75 11/30/2022 11/30/2022 400,000.00 91282CAZ4 US TREASURY NOTES 0.37% 11/30/2025 750.00 12/1/2022 12/1/2022 MONEY0002 MONEY MARKET FUND 117.82
12/1/2022 12/25/2022 2,915.50 3137FKK39 FHMS KP05 A 3.20% 7/1/2023 7.78 12/1/2022 12/25/2022 21,527.52 3137FUZN7 FHMS KJ30 A1 0.52% 1/1/2025 9.44 12/1/2022 12/25/2022 13,712.25 3137F72U8 FHMS KJ32 A1 0.51% 6/1/2025 5.90 12/1/2022 12/25/2022 390,000.00 3137BGK24 FHMS K043 A2 3.06% 12/1/2024 995.15 12/1/2022 12/25/2022 220,000.00 3137BJP64 FHMS K046 A2 3.20% 3/1/2025 587.58 12/1/2022 12/25/2022 83,489.55 3137BTU25 FHMS K724 A2 3.06% 11/1/2023 213.04 12/1/2022 12/25/2022 1,333.73 3137B4GX8 FHLMC SERIES K032 A1 3.01% 2/1/2023 3.35 12/4/2022 12/4/2022 70,000.00 3137EAFA2 FREDDIE MAC NOTES 0.25% 12/4/2023 87.50 12/6/2022 12/6/2022 60,000.00 24422EWF2 JOHN DEERE CAPITAL CORP CORPORATE NOTES 3.40% 6/6/2025 1,020.00 12/9/2022 12/9/2022 250,000.00 313383QR5 FEDERAL HOME LOAN BANK 3.25% 6/9/2023 4,062.50 12/15/2022 12/15/2022 155,000.00 14318MAD1 CARMX 2022-3 A3 3.97% 4/15/2027 512.79 12/15/2022 12/15/2022 195,000.00 02582JJT8 AMXCA 2022-2 A 3.39% 5/17/2027 550.88 12/15/2022 12/15/2022 125,000.00 254683CW3 DCENT 2022-A3 A3 3.56% 7/15/2027 370.83 12/15/2022 12/15/2022 185,000.00 58768PAC8 MBART 2022-1 A3 5.21% 8/16/2027 615.79 32 43
© PFM Asset Management LLC pfmam.com

INTEREST
12/15/2022 12/15/2022 170,000.00 254683CS2 DCENT 2022-A2 A 3.32% 5/17/2027 470.33 12/15/2022 12/15/2022 110,000.00 448977AD0 HART 2022-A A3 2.22% 10/15/2026 203.50 12/16/2022 12/16/2022 50,000.00 380146AC4 GMCAR 2022-1 A3 1.26% 11/16/2026 52.50 12/17/2022 12/17/2022 280,000.00 3135G04Z3 FANNIE MAE NOTES 0.50% 6/17/2025 700.00 12/21/2022 12/21/2022 MONEY0002 MONEY MARKET FUND 0.03
12/25/2022 12/25/2022 60,000.00 05602RAD3 BMWOT 2022-A A3 3.21% 8/25/2026 160.50 12/26/2022 12/26/2022 225,000.00 3137EAES4 FREDDIE MAC NOTES 0.25% 6/26/2023 281.25 12/31/2022 12/31/2022 275,000.00 912828YY0 US TREASURY NOTES 1.75% 12/31/2024 2,406.25 12/31/2022 12/31/2022 1,130,000.00 91282CBC4 US TREASURY NOTES 0.37% 12/31/2025 2,118.75 12/31/2022 12/31/2022 200,000.00 91282CDQ1 US TREASURY N/B NOTES 1.25% 12/31/2026 1,250.00 Total INTEREST 13,072,289.67 68,774.27 0.00

MATURITY
11/1/2022 11/1/2022 250,000.00 13606KCQ7 CANADIAN IMP BK COMM NY CERT DEPOS 0.82% 11/1/2022 251,554.58 11/30/2022 11/30/2022 190,000.00 912828M80 US TREASURY NOTES 2.00% 11/30/2022 191,900.00 12/1/2022 12/1/2022 5,524.07 3136AEGQ4 FNA 2013-M7 A2 2.28% 12/1/2022 5,534.57 12/31/2022 12/31/2022 300,000.00 91282CBD2 US TREASURY NOTES 0.12% 12/31/2022 300,187.50 33 44
© PFM Asset Management LLC pfmam.com

MATURITY
12/31/2022 12/31/2022 500,000.00 912828N30 US TREASURY NOTES 2.12% 12/31/2022 505,312.50 Total MATURITY 1,245,524.07 1,254,489.15 0.00

PAYDOWNS
10/1/2022 10/25/2022 212.04 3137F72U8 FHMS KJ32 A1 0.51% 6/1/2025 212.04 10/1/2022 10/25/2022 6,808.26 3136AEGQ4 FNA 2013-M7 A2 2.28% 12/1/2022 6,808.26 10/1/2022 10/25/2022 8.52 3137FKK39 FHMS KP05 A 3.20% 7/1/2023 8.52 10/1/2022 10/25/2022 117.25 3137BTU25 FHMS K724 A2 3.06% 11/1/2023 117.25 10/1/2022 10/25/2022 5,036.03 3137FUZN7 FHMS KJ30 A1 0.52% 1/1/2025 5,036.03 10/1/2022 10/25/2022 1,625.78 3137B4GX8 FHLMC SERIES K032 A1 3.01% 2/1/2023 1,625.78 10/1/2022 10/25/2022 1,567.94 3137B5JL8 FHLMC MULTIFAMILY STRUCTURED P 2.66% 2/1/2023 1,567.94 11/1/2022 11/25/2022 320.51 3137FUZN7 FHMS KJ30 A1 0.52% 1/1/2025 320.51 11/1/2022 11/25/2022 8.06 3137FKK39 FHMS KP05 A 3.20% 7/1/2023 8.06 11/1/2022 11/25/2022 4,728.84 3136AEGQ4 FNA 2013-M7 A2 2.28% 12/1/2022 4,728.84 11/1/2022 11/25/2022 1,566.11 3137B4GX8 FHLMC SERIES K032 A1 3.01% 2/1/2023 1,566.11 11/1/2022 11/25/2022 9,230.38 3137F72U8 FHMS KJ32 A1 0.51% 6/1/2025 9,230.38 11/1/2022 11/25/2022 111.13 3137BTU25 FHMS K724 A2 3.06% 11/1/2023 111.13 12/1/2022 12/25/2022 117.98 3137BTU25 FHMS K724 A2 3.06% 11/1/2023 117.98 34 45
© PFM Asset Management LLC pfmam.com

PAYDOWNS
12/1/2022 12/25/2022 2,915.50 3137FKK39 FHMS KP05 A 3.20% 7/1/2023 2,915.50 12/1/2022 12/25/2022 1,333.73 3137B4GX8 FHLMC SERIES K032 A1 3.01% 2/1/2023 1,333.73 12/1/2022 12/25/2022 7,261.58 3137FUZN7 FHMS KJ30 A1 0.52% 1/1/2025 7,261.58 12/1/2022 12/25/2022 213.43 3137F72U8 FHMS KJ32 A1 0.51% 6/1/2025 213.43 Total PAYDOWNS 43,183.07 43,183.07 0.00
SELL
10/27/2022 10/31/2022 125,000.00 912828M80 US TREASURY NOTES 2.00% 11/30/2022 125,864.42 -369.26 11/17/2022 11/22/2022 100,000.00 3135G04Q3 FANNIE MAE NOTES 0.25% 5/22/2023 97,830.00 -2,120.25 11/18/2022 11/22/2022 25,000.00 912828M80 US TREASURY NOTES 2.00% 11/30/2022 25,230.28 -18.85 11/28/2022 11/30/2022 45,000.00 91282CBG5 US TREASURY NOTES 0.12% 1/31/2023 44,707.52 -309.03 11/28/2022 11/30/2022 150,000.00 912828Z29 US TREASURY NOTES 1.50% 1/15/2023 150,375.00 -498.84 Total SELL 445,000.00 4 44,007.22 -3,316.23
35 46
© PFM Asset Management LLC pfmam.com

CITY OF SUISUN CITY
For the Quarter Ended December 31, 2022
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. © 2022 PFM Asset Management LLC. Further distribution is not permitted without prior written consent. 36 47
© PFM Asset Management LLC pfmam.com

CITY OF SUISUN CITY
For the Quarter Ended December 31, 2022
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.

Bank of America/Merrill Lynch 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. 37 48
© PFM Asset Management LLC pfmam.com

CITY OF SUISUN CITY
For the Quarter Ended December 31, 2022
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.
38 49
© PFM Asset Management LLC pfmam.com

CITY OF SUISUN CITY
For the Quarter Ended December 31, 2022
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. 39 50
AGENDA ITEM NO. 5

AGENDA TRANSMITTAL

MEETING DATE:

March
7, 2023

CITY AGENDA ITEM:

Council/Agency/Authority Approval of the Minutes of the Regular and/or Special Meetings of the Suisun City Council, Suisun City Council Acting as Successor Agency, and Housing Authority held on held on February 21, 2023.

FISCAL IMPACT:

None

STRATEGIC PLAN:

Provide Good Governance.

BACKGROUND:

Pursuant to Government Code 40801, the City Clerk shall keep an accurate record of the proceedings of the City Council meetings. City Council minutes are prepared in a manner consistent with the intent of the Government Code. Minutes provide a record of when and where the meeting took place, type of meeting, and report any action taken, including the vote of each member of the City Council.

STAFF REPORT:

The minutes of the City Council, Suisun City Council Acting as Successor Agency, and Housing Authority meetings held on February 21, 2023, are submitted for City Council review and approval.

STAFF RECOMMENDATION:

DOCUMENTS ATTACHED:
1 .

Minutes - February 21, 2023 Special Closed Session Meeting 2 .

Minutes - February 21, 2023 Regular Council/Successor Agency/Housing Authority Meeting

PREPARED BY:

Donna Pock, Deputy City Clerk
REVIEWED BY:

Greg Folsom, City Manager
APPROVED BY:

Greg Folsom, City Manager

ATTACHMENTS:
1 Minutes February 21, 2023 Special Meeting 530.pdf
2 Minutes February 21, 2023 Regular Meetng 630.pdf
51 CITY COUNCIL CITY COUNCIL MEETING
Alma Hernandez, Mayor
Princess Washington, Mayor Pro Tem
Michael J Hudson, Member
Jenalee Dawson, Member
Amit Pal, Member

MINUTES

SPECIAL MEETING OF THE SUISUN CITY COUNCIL
AND

SUISUN CITY COUNCIL ACTING AS SUCCESSOR AGENCY TO THE

REDEVELOPMENT AGENCY OF THE CITY OF SUISUN CITY
TUESDAY, FEBRUARY 21, 2023
5:30 PM

Suisun City Council Chambers - 701 Civic Center Boulevard - Suisun City, California NOTICE
The following Council/Successor Agenc y/Housing Authority meeting may include teleconference participation by:

Council/Board Members Michael Hudson, Jenalee Dawson, Amit Pal, Mayor Pro Tem Princess Washington, and Mayor Alma Hernandez, in accordance with subdivisions (b), (e), or (f) of Sectio n 54953 of the Government Code, as applicable.

FACE MASKS ARE RECOMMENDED FOR MEMBERS OF THE PUBLIC WHILE IN CITY FACILITIES IF NOT FULLY VACCINATED. IF YOU DO NOT HAVE A FACE MASK, ONE WILL BE PROVIDED FOR YOU.

THE CITY COUNCIL HAS RESUMED IN-PERSON MEETINGS IN ADDITION TO ZOOM. A LIMITED NUMBER OF SEATS ARE AVAILABLE, TO RESERVE A SEAT PLEASE CONTACT THE CITY CLERK AT [email protected] OR 707 421-7302.

ZOOM MEETING INFORMATION:

WEBSITE: https://zoom.us/join
MEETING ID: 878 2658 3908
CALL IN PHONE NUMBER: (707) 438-1720

REMOTE PUBLIC COMMENT IS AVAILABLE FOR THE CITY COUNCIL MEETING BY EMAILING [email protected] (PRIOR TO 6 PM), VIA WEBSITE, OR ZOOM CALL IN PHONE NUMBER (707) 438 -1720

(If attending the meeting via phone press *9 to raise your hand and *6 to unmute/mute for public comment.)

ROLL CALL
Vice Mayor Washington called the meeting to order at 5:34 pm with the following Council Members present:

PRESENT: Dawson, Hernandez, Pal, Washington
ABSENT: None

CONFLICT OF INTEREST NOTIFICATION None
(Any items on this agenda that might be a conflict of interest to any Councilmembers/Boardmembers should be identified at this time.)

52 PUBLIC COMMENT None
(Request by citizens to discuss any matter under our juris diction other than an item posted on this agenda per California Government Code §54954.3. Comments are limited to no more than 3 minutes unless allowable by the Mayor/Chair. Speaker cards are available on the table near the entry of the meeting room and sh ould be given to the City Clerk. By law, no prolonged discussion or action may be taken on any item raised during the public comment period, although informational answers to questions may be given and matters may be referred for placement on a future agen da.)

CLOSED SESSION
Pursuant to California Government Code Section 54950 the Suisun City Council and Suisun City Council Acting as Successor Agency will hold a Closed Session for the Purpose of:

City Council

1 CONFERENCE WITH LABOR NEGOTIATOR
Pursuant to Government Code Section 54957.6
Agency negotiator: City Manager
Employee organizations:

Unrepresented Employees;
SCEA (Suisun City Employees’ Association);
SCMPEA (Suisun City Management and Professional Employees’ Association); SCPOA (Suisun City Police Officers Association);
SCPFA IAFF (Suisun City Professional Firefighters’Association); Temporary/Part-Time Employees.

2 CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION
Pursuant to Government Code Section 54956.9(a), (d)(1)
Name of case: Boardman v. City of Suisun City, et al - Superior Court Case # FCS057764

3 CONFERENCE WITH LEGAL COUNSEL -- ANTICIPATED LITIGATION Discussion of potential significant exposure to litigation pursuant to Government Code Section 54956.96(d)(2) (1 potential case).

Suisun City Council Acting as Successor Agency

4 CONFERENCE WITH REAL PROPERTY NEGOTIATOR
Pursuant to California Government Code Section 54956.8., the Suisun City Council will hold a Closed Session for the purpose of Conference with Real Property Negotiator.

Property Under Negotiation: Assessor’s Parcel Numbers 0032-020-240, located at 177 Main Street - Train Depot.

Negotiating Party: City Manager
Parties Negotiating: Mama Laine's
Under Negotiations: Terms and Payment

Council entered into Closed Session at 5:35 pm.

CONVENE OPEN SESSION

ADJOURNMENT: There being no further business the meeting was adjourned at 6:50pm.

__________________________
Anita Skinner, City Clerk

53 CITY COUNCIL CITY COUNCIL MEETING
Alma Hernandez, Mayor
Princess Washington, Mayor Pro Tem
Michael J Hudson, Member
Jenalee Dawson, Member
Amit Pal, Member

MINUTES
RE

GULAR MEETING OF THE SUISUN CITY COUNCIL,
S

UISUN CITY COUNCIL ACTING AS SUCCESSOR AGENCY TO THE
RE

DEVELOPMENT AGENCY OF THE CITY OF SUISUN CITY,
AND H

OUSING AUTHORITY
T
UESDAY, FEBRUARY 21, 2023
6:
30 PM
Sui
sun City Council Chambers - 701 Civic Center Boulevard - Suisun City, California NOTICE
The following Council/Successor Agency/Housing Authority meeting may include teleconference participation by:

FACE MASKS ARE RECOMMENDED FOR MEMBERS OF THE PUBLIC WHILE IN CITY FACILITIES IF NOT FULLY VACCINATED. IF YOU DO NOT HAVE A FACE MASK, ONE WILL BE PROVIDED FOR YOU.

THE CITY COUNCIL HAS RESUMED IN-PERSON MEETINGS IN ADDITION TO ZOOM. A LIMITED NUMBER OF SEATS ARE AVAILABLE, TO RESERVE A SEAT PLEASE CONTACT THE CITY CLERK AT [email protected] OR 707 421-7302.

ZOOM MEETING INFORMATION:

WEBSITE: https://zoom.us/join
MEETING ID: 849 6639 2028
CALL IN PHONE NUMBER: (707) 438-1720

REMOTE PUBLIC COMMENT IS AVAILABLE FOR THE CITY COUNCIL MEETING BY EMAILING [email protected] (PRIOR TO 6 PM), VIA WEBSITE, OR ZOOM CALL IN PHONE NUMBER (707) 438 -1720 (If attending the meeting via phone press *9 to raise your hand and *6 to unmute/mute for public comment.) (Next Ord. No. – 799)
(Next City Council Res. No. 2023 – 17)
Next Suisun City Council Acting as Successor Agency Res. No. SA2022 - 01) (Next Housing Authority Res. No. HA2022 – 02)
1 54

ROLL CALL
Vice Mayor Washington called the meeting to order at 6:58pm with the following Council Members present:

PRESENT: Dawson, Hernandez, Pal, Washington
ABSENT: None

Pledge of Allegiance was led by Council Member Pal.

Invocation was given City Manager Greg Folsom.

CONFLICT OF INTEREST NOTIFICATION Council Member Pal reported conflict with item #11. (Any items on this agenda that might be a conflict of interest to any Councilmembers / Boardmembers should be identified at this time.)

REPORTS (Informational items only.)

1 City Manager Update – (Folsom: [email protected]).

Heart your Parks event to be held at Heritage Park 2/25.

Planning Commission will be reviewing the Housing Element.

Deputy City Manager Kris Lofthus is celebrating 7 years with the city.

PRESENTATION/APPOINTMENTS
(Presentations, Awards, Proclamations, Appointments).

2 Resignation and Presentation of Award to Council Member Hudson for Serving as a Suisun City Council Member - (Hernandez: [email protected]).

Mayor Hernandez commented on former Council Member Hudson service.

Vice Mayor Washington presented a plaque of appreciation.

Mr. Hudson spoke on his service with the City Council and expressed his gratitude.

PUBLIC COMMENTS
James Berg thanked Mr. Hudson for his service.

3 Presentation of Proclamation Proclaiming the Month of February 2023 as "Black History Month" in the City of Suisun City - (Hernandez: [email protected] ).

Mayor Hernandez read proclamation which was presented by Vice Mayor Washington to Bonita Knuckles. Ms. Knuckles gratefully accepted the proclamation and thanked family and community members and organizations for their work on the Black History Month Celebration held on 2/4.

Council Members thanked her for her work.

4 Mayoral Appointments of Commissions and Committees – (Hernandez:
[email protected]).

Mayor Hernandez appointed Nora Flynn to the Lower Putah Creek Coordinating Committee.

55 Motion by Council Member Dawson to approve the appointment of Ms. Flynn and seconded by Council Member Pal. Motion passed by the following vote:

AYES: Dawson, Hernandez, Pal, Washington
NOES: None
ABSENT: None

Mayor Hernandez appointed the following to the Planning Commission – Christina Elder; Terry West; Herbert Dardon

Motion by Mayor Hernandez to approve appointments to the Planning Commission and seconded by Vice Mayor Washington. Motion passed by the following vote:

AYES: Dawson, Hernandez, Pal, Washington
NOES: None
ABSENT: None

Mr. West, Mr. Dardon and Ms. Elder thanked Council for appointment.

Council Members congratulated new appointees.

Donna LeBlanc congratulated the appointees and asked Mayor Hernandez to explain why 3 commissioners were appointed when only 2 terms were up.

Mayor Hernandez explained a commissioner resigned in addition to the expiration of the 2 terms.

PUBLIC COMMENT
(Request by citizens to discuss any matter under our jurisdiction other than an item posted on this agenda per California Government Code §54954.3. Comments are limited to no more than 3 minutes unless allowable by the Mayor/Chair. Speaker cards are available on the table near the entry of the meeting room and should be given to the City Clerk. By law, no prolonged discussion or action may be taken on any item raised during the public comment period, although informational answers to questions may be given and matters may be referred for plac ement on a future agenda.)

Leonard Butcher, owner of Virgil’s Bait Shop, understands someone spoke on their behalf at a previous meeting and he clarified that no one speaks for Virgil’s except himself and his brother. Feels the process for the Kellogg building could be a bit more streamlined to avoid any confusion.

David Knott spoke on the Suisun Youth Commission and the history of the group.

Mariah Lee Dawson spoke about the Commission and their mission.

George Kinnicutt commented on the use of the term vigilantes at the last meeting referring to the people that helped move the homeless from Grizzly Island Road; clarified it was the Dept. of Fish and Game; and was not sure how much Public Works had to do with it.

Eric Vera, Vice President of Police Officers Association, recognized the service of Officer Edwards who has moved on to the City of Vacaville.
56 Linda Bailey asked about the grant that is paying for some of the police officers; thanked Vice Mayor Washington for speaking to the group Next Door; need to do better with the homeless situation.

Michael Anthony spoke on the 1240 Kellogg Street property; have lost revenue on rent; decision was to have been made in 6 weeks and has now been 8 months and were to be allowed to speak before Council.

Submitted completed documents to be given to Mayor.

Steve Olry thanked Mr. Hudson, congratulated new appointees; commented on the excessive speed on Walters Road; light out on School at Morgan Streets reported 8 months ago and still has not been fixed;

George Guynn expressed gratitude to Mr. Hudson; spoke on fiscal year end and commented on the need to obtain new auditors; voiced concern over street repairs and dredging; city needs to focus on raising more revenue.

Shannon Hacker thanked Council for their willingness to help him navigate working with the city; 1240 Kellogg Street and promises made during campaign season; SH Mechanical needs help to expand and stay in Suisun City.

Wayne Day spoke on the train cars parked on the tracks in old town; light on School and Morgan is still out.

James Berg voiced concerns about hazardous train cars parked in old town; cleaning up of lighthouse; very disappointed in Council not doing their due diligence in reference to Planning Commission terms;

Michelle Chavez congratulated new appointees; wished Mr. Hudson the best; asked about the status of bench for Pete Dominguez and will there be a dedication; camper still on Railroad and Sunset.

Clerk read the following emails:

Brandon Dougherty concerned about the homeless off of Whispering Bay Lane which has gotten worse since the cleaning up around the lighthouse; Marina being destroyed by trash in the water.

Robert Stevenson concerned about the homeless along the waterfront and taking up residence on the benches; encampment by train station appears to be expanding; listed several suggestions on how the city could make changes

Jenelle Kindt asked about the closure of Petersen Road at Fulmar that was promised to take place when Walmart was built making it accessible to pedestrian and bike traffic only; corner of Pelican Way is constantly being used as a drag strip.

Donna LeBlanc commented Coffee with a Cop was great but suggested that maybe this could happen on a weekend so more could attend; thank you to Public Works for cleaning up the lighthouse; homeless encampment meeting was held on 1/26/21 but nothing seems to have been done since then, need to start making progress and putting the plan into action.

Lito Santos Suisun Neighborhood Coalition, concerns with trash in waterways, hope to work with Fish and Wildlife and Chief Roth to see what can be done.

Katrina Garcia commented on Coffee with a Cop; Railroad and Sunset parking issues; honor and integrity of elected officials.

57 COUNCIL COMMENTS

5 Council/Board Member Updates.

Council Member Dawson encouraged community to use the city app to report issues; ride along with Fire Department last week was quite insightful.

Council Member Pal commented on ride along with Fire Department last Thursday; visited the Police Department; commented that when someone speaks on an issue before the council that they will do their best to resolve issues in a timely manner.

Vice Mayor Washington, along with Council Member Dawson and Mayor Hernandez, attended the Save the Base meeting; apologized for the “vigilante” comment and thanked those doing the cleanup; Coffee with a Cop was a success and thanked them; acknowledged how important staff is and thanked them for what they do; Heart your Park event this Saturday to be held at Heritage Park.

Mayor Hernandez commented council sets policy but it is staff that implements that policy; encouraged citizens to report issues when you see it, it is pivotal for the city to get additional resources it needs to solve the homeless issues; Thursday, 2/23 at 6pm is the Solano County Homelessness Regional Committee meeting; thanked Brian Ferraro for work that he has been doing with code enforcement issues as well as Ms. Chavez who has been doing cleanup for some time; appointed to LAFCO board and will continue to report to the city.

CONSENT CALENDAR
Consent calendar items requiring little or no discussion may be acted upon with one motion.

City Council

6 Council Adoption of Resolution No. 2023-17: Authorizing the City Manager to Enter into a Construction Contract on the City’s Behalf with Marina Landscape, Inc. for the State Route 12 Landscape Improvements Project - (Vue: [email protected]).

7 Council Adoption of Resolution No. 2023-18: Authorizing the City Manager to Execute Amendment Number Two (2) of the Agreement with the State of California for Maintenance of State Highways in the City of Suisun City - (Vue: [email protected] ).

8. Council Adoption of Resolution No. 2023-19: Accepting the Asphalt Rubber Cape Seal and Traffic Calming Project as Complete, and Authorizing the City Manager to Record the Notice of Completion for the Project - (Vue: [email protected]
).

Joint City Council / Suisun City Council Acting as Successor Agency / Housing Authority

9 Council/Agency/Authority Approval of the Minutes of the Regular and/or Special Meetings of the Suisun City Council, Suisun City Council Acting as Successor Agency, and Housing Authority held on October 27, 2022, November 15, 2022, and February 7, 2023 – (Skinner:
[email protected]).
58 Joint City Council / Suisun City Council Acting as Successor Agency

10 Council/Agency Approval of January 2023 Payroll Warrants in the Amount of $764,340.52 and Council/Agency Approval of the January 2023 Accounts Payable Warrants in the Amount of $1,036,919.36 - (Finance).

PUBLIC COMMENTS

Item 7
Michelle Chavez asked if maintenance will be done by Public Works.

Item 6
Donna LeBlanc commented the contract was not attached in the agenda packet; is the 2-year maintenance by Caltrans in the contract?

Item 7
Donna LeBlanc suggests contract include a yearly inflate for the LLD’s.

Item 8
Donna LeBlanc asked if the $9,958 that is being saved be used somewhere else and if so, can we put it towards the Beautification Committee budget

Motion by Council Member Dawson to approve the Consent Calendar and seconded by Mayor Hernandez. Motion passed by the following vote:

AYES: Dawson, Hernandez, Pal, Washington
NOES: None
ABSENT: None

PUBLIC HEARING NONE

GENERAL BUSINESS

City Council
11 HEARING:

Council Adoption of Resolution No. 2023-20: Placing Liens for Unpaid Waste Collection Service Charges on Certain Lands Situated in the City of Suisun City, County of Solano, State of California - (Deol: [email protected]
).

Council Member Pal left dais due to conflict of interest.

Director of Finance Deol presented the staff report.

Motion by Council Member Dawson to approve Item #11 and seconded by Vice Mayor Washington. Motion passed by the following vote:

AYES: Dawson, Hernandez, Washington
NOES: None
ABSENT: Pal

59 12 Council Adoption of Resolution No. 2023-21: Adopting the 3rd Amendment to the Annual Appropriation Resolution No. 2022- 90 to Appropriate Mid- Year Budget Adjustments for Additional Costs in Various Accounts Organization Wide - (Deol: [email protected]).

Ms. Deol presented the staff report and power point presentation.

PUBLIC COMMENTS
George Guynn commented on needing additional revenue; feels city is doing more for homeless than tax payers.

Steve Olry feels presentation did not have creditability; supposed to have $2mil for streets and only have $37K; false sense of security.

James Berg commented there are a number of people on line cannot get on line; Council needs to take this home and do research and not vote on this item tonight; asked for clarification on 70101 line item.

Ms. Deol commented the $1.8 mil for streets is still in the budget; 70101 is account number and will not find anything external information on line. Ms. Deol explained how residents can access the budget on line.

Council Members thanked Ms. Deol for the report.

Motion made by Council Member Pal to approve Item 12 and seconded by Council Member Dawson. Motion passed by the following vote:

AYES: Dawson, Hernandez, Pal, Washington
NOES: None
ABSENT: None

13 Provide direction to City Manager and City Attorney relating to filling the councilmember vacancy pursuant to one of the following, or at the Council’s discretion: - (City Attorney)

a. Return at the March 7, 2023 City Council meeting with the appropriate documentation to call a special election for November 7, 2023.
b. Return at the March 7, 2023 City Council meeting with the appropriate documentation for adoption of application and interview procedures relating to the filling a vacancy on the City Council.
c. Return at the March 7, 2023 City Council meeting with the appropriate documentation to adopt procedures to consider and appoint an individual from the applicants to Mayor Hernandez’s vacated seat.
d. Return at the March 7, 2023 City Council meeting with the appropriate documentation to appoint a specific individual of the City Council’s choosing. e. Provide the City Attorney with other direction.

City Attorney Gerli presented the report and presentation explaining in detail the Council options. 60 PUBLIC COMMENT
George Guynn gave two options, 1) appoint James Berg who ran for Mayor; 2)do a new list of applicants

Michelle Chavez likes the hybrid of those that applied previously if still interested and accept new applications.

Ruth Forney raised hand to make sure ZOOM was working and congratulatory retirement to Mr.

Hudson.

Motion by Council Member Pal for Mayor to appoint and seconded by Council Member Dawson.

Following discussion Council Member Pal withdrew his motion.

Following additional Council discussion, Attorney Gerli clarified the process for appointment. • Hybrid applications
• Application period 2/27 at 9am – 3/10 at 5pm.
• All former applicants plus new to be considered
• Mayor to conduct interviews of no more than 8 applicants • No more than 3 brought back to Council
• Appoint on 3/21

Motion by Council Member Pal to approve the above process and seconded by Council Member Dawson. Motion passed by the following vote:

AYES: Dawson, Hernandez, Pal, Washington
NOES: None
ABSENT: None

REPORTS: (Informational items only)

14Non-Discussion Items
Council Member Pal asked for an update on the second dispensary at the next meeting. Asked for the meeting be adjourned in the memory of a friend Anu Anand Hobson, who was a volunteer of several non-profit organizations with youth.

Motion by Council Member Pal to adjourn in the memory of Ms. Hobson and seconded by Council Member Hobson. Motion passed by the following vote:

AYES: Dawson, Hernandez, Pal, Washington
NOES: None
ABSENT: None

ADJOURNMENT
There being no further business the meeting was adjourned at 10:21pm.

__________________________
Anita Skinner, City Clerk
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62 AGENDA ITEM NO. 6

AGENDA TRANSMITTAL

MEETING DATE:

March
7, 2023

CITY AGENDA ITEM:

Council Adoption of Resolution No. 2023-__: Approving the Design and Budget for Prosperity Garden Park and Authorizing the City Manager to Proceed with the Project.

FISCAL IMPACT:

Prosperity Garden Park will be funded by American Rescue Plan Act (ARPA) in the amount of $375,000, State of California Funding in the amount of $780,000, and Park Development Funds in the amount of $111,900, for a total development cost of $1,266,900 including a 7% contingency. There is an add alternate play structure item in the amount of $85,000 that would be funded by the Park Development Fund.

STRATEGIC PLAN:

Enhance Environment.

BACKGROUND:

The former Suisun City Community Garden ceased to exist in 2016. The garden was located at the corner of Lotz Way and Civic Center Drive. The garden was not well maintained and did not have purposeful planning or management during its existence. During the September 15, 2021, Recreation, Parks, Marina, and Arts Commission (RPMA) meeting, the commission voted to support the community garden project and asked that $375,000 of ARPA funding be dedicated to that project.

This request was approved by the City Council as one of the priority projects funded by ARPA.

During the October 5, 2021 City Council meeting, this project was supported by the council and provided the Recreation, Parks, and Marina Department direction to move forward with planning the project. On March 10, 2022, RPMA recommended entering into a contract with Melton Design Group.

The Melton Design Group contract was approved during the March 29, 2022, City Council Meeting.

The contract approved was for the design plan and project coordination of Prosperity Garden Park in the amount of $121,750 and authorizing the City Manager to approve change orders up to 10% of the original contract amount. The Melton Design contract is included in the overall cost of the project.

STAFF REPORT:

Prosperity Garden Park will be located on city owned property that was once part of a plan to become a street. That idea never came to fruition and the land has been vacant ever since.

Ironically, the name of the street that was never built was Prosperity Lane, which leads to naming this project Prosperity Farm. This property sits adjacent to the McCoy Creek Bike Trail Phase 3, which will connect this area to the majority of the city by walking or riding a bicycle. This piece of property is approximately 1.9 acres and will consist of a neighborhood park as well as a community garden. The surrounding neighborhood has never had a community park of their own. If they want to participate in park activities, they are forced to travel to either Hall Park or Heritage Park which are both approximately 1 mile away.

The garden will showcase a secure perimeter, a vegetative screen to protect the homes adjacent to the garden, restrooms, storage, covered patio for instructional classes, a walkway lined with a trellis, a fountain, and an orchard. The garden also features pollinator plants, as well as a composting area along with several small and large garden plots and incorporates raised beds for people needing access off of the ground. There is space purposely left vacant between the garden and the orchard to allow for future development of a larger orchard or adding more garden plots. 63 The operation of the garden will be conducted by a yet to be established garden club. Those individuals who wish to utilize the garden will be part of the Suisun Garden Club and as such, will assist the city by keeping the area clean. Plot rentals will help pay for necessary costs of the garden operation and the idea is to keep the operation and maintenance a community lead effort. The Recreation, Parks, and Marina Department recognizes that Public Works Maintenance Division does not have the capacity to take on a new park areas maintenance needs. With that in mind came the decision for a community led garden club and a low to no maintenance park area.

Community gardens can mitigate some of the problems that plague urban areas. They can be a beneficial addition to many communities by increasing the availability of nutritious foods, strengthening community ties, reducing environmental hazards, reducing food miles and creating a more sustainable system. Community gardens can help reduce negative environmental impacts by promoting sustainable agriculture; reducing food transportation costs and reducing water runoff.

Humans, plants and animals can all benefit from urban agriculture since it creates habitats and improves the ecology of the area.

Community gardens:
• Help improve air and soil quality
• Increase biodiversity of plants and animals
• Reduce “food miles” that are required to transport nutritious food • Can replace impervious structures and improve water infiltration • Can reduce neighborhood waste through composting
• Positively impact the urban micro-climate

Poor nutrition and obesity are both challenges to low-income neighborhoods. Low accessibility to nutritious foods can cause health problems to residents located in food deserts. The addition of gardens to these areas may improve nutrition and increase the consumption of fruits and vegetables.

Community gardens also:
• Increase access to fresh foods
• Improve food security
• Increase physical activity through garden maintenance activities • Improve dietary habits through education
• Increase fruit and vegetable intake
• Reduce risk of obesity and obesity-related diseases • Improve mental health and promote relaxation

STAFF RECOMMENDATION:

It is recommended that the City Council Adopt Resolution No. 2023- __: Approving the Design and Budget for Prosperity Garden Park and Authorizing the City Manager to Proceed With the Project.

DOCUMENTS ATTACHED:
1 .

Resolution
2 .

PowerPoint Presentation
3 .

Park Location Map

PREPARED BY:

Kris Lofthus, Deputy City Manager
64 REVIEWED BY:

Greg Folsom, City Manager
APPROVED BY:

Greg Folsom, City Manager

ATTACHMENTS:
1 Prosperity Garden Park Resolution.pdf
2 Prosperity Garden Park PowerPoint Presentation.pdf
3 Prosperity Garden Park Location Map.pdf
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28 RESOLUTION NO. 2023-

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SUISUN CITY

APPROVING THE DESIGN AND BUDGET FOR PROSPERITY GARDEN PARK

AND AUTHORIZING THE CITY MANAGER TO PROCEED WITH THE PROJECT

WHEREAS, the City of Suisun City Recreation, Parks, Marina, and Arts Commission recognized the need for a community garden; and
WHEREAS, with available vacant land be recognized as a proper location for a community garden and park; and
WHEREAS, funding from the American Rescue Plan Act, State of Califor nia dedicated funds and City of Suisun City Park Development funds make this project possible without effect on the general fund; and
WHEREAS, the City recognizes that the neighborhood along Blossom, Avenue does not have a local park and believes the community would benefit from a n additional park and community garden; and
WHEREAS, the City Council provided direction to the Recreation, Parks, and Marina Director, to move forward with the planning process of Prosperity Garden Park; and WHEREAS, community gardens provide community members the opportunity to grow healthy food and to participate in a n activity that provide exercise as well as building relationships with the gardening community; and
NOW, THEREFORE, BE IT RESOLVED that the City Council of th e City of Suisun City hereby approves the design and budget for Prosperity Garden Park and authorizes the city manager to move forward with the project.

PASSED AND ADOPTED at a Regular Meeting of the City Council of the City of Suisun City held on Tuesday the 7th day of March 2023 by the following vote:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

ABSTAIN: Councilmembers:

WITNESS my hand and the seal of said City this 7th day of March 2023.

Anita Skinner
City Clerk
66 PROSPERITY GARDEN PARK
Master Plan
March 7, 2023
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and Park
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Games and Picnic
Play Area
Restroom, Shade
Structure, Vegetation
Screen and Security Fence
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68 Community Garden
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69 PROJECT FUNDING AND COST
State Grant - $780,000
American Rescue Plan Act (APRA)- $375,000
Park Development - $111,900
Estimated Project Cost - $1,266,900
*Add Alternate – Spring Rider Tractor $85,000
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72 AGENDA ITEM NO. 7

AGENDA TRANSMITTAL

MEETING DATE:

March
7, 2023

CITY AGENDA ITEM:

Code Enforcement Division Showcase.

FISCAL IMPACT:

There is no fiscal impact to the General Fund from the item.

STRATEGIC PLAN:

Provide Good Governance, Section 4.7 – Improve productivity, efficiency, effectiveness, customer service and citizen satisfaction in all areas of municipal organization.

BACKGROUND:

This report is provided to give a more in-depth look at the Code Enforcement Division operational structure.

STAFF REPORT:

To provide transparency, and insight, this report is produced to assist the community and City Council with a detailed view of current staffing, functions, accounting, reporting, responsibilities, accomplishments and goals of the Code Enforcement division.

STAFF RECOMMENDATION:

This is an informational only item, and no recommendation is associated with this item.

DOCUMENTS ATTACHED:
1 .

PowerPoint Presentation

PREPARED BY:

Jim Bermudez, Development Services Director
REVIEWED BY:

Greg Folsom, City Manager
APPROVED BY:

Greg Folsom, City Manager

ATTACHMENTS:
1 Code Enforcement PowerPoint.pdf
73 SUISUN CITY
CODE ENFORCEMENT DIVISION
Jim Bermudez, Development Services Director
March 7, 2023
Code Enforcement Mission
 Improve the quality of life in Suisun City by
ensuring our neighborhoods and housing are safe
and maintained in good condition
 Investigate potential code violations in residential
and commercial property
 Educate residents and property owners about their
rights and responsibilities in the area of
property maintenance as per the following
chap
ters within Suisun Municipal Code
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74 Code
Enforcement
Objectives
Process
Try to achieve compliance via voluntary compliance
process, notice of violation is last resort, guide
violator through the process, achieve results
Collaborate
Collaborate with complainant, property owner,
gather details to achieve a reasonable and fair
resolution
Evaluate
Evaluate zoning violations: refer to codes and
ordinances, past precedent, legal authority, engage
departments
Pursue
Pursue citizen complaints
Procedures and limitations
Respond to Inquiries
Observe and monitor
property
Walk onto property –
postal service
approach
Take photos
Talk with complainant
and violator
Cannot enter
residence – permission
Cannot jump or use
ladder to monitor
conditions on property
Not every situation is a
violation
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75 Voluntary
Compliance –
achieving
abatement
Complaint
Received
Attempt to discuss issue with complainant
Evaluate code violation
Resolving
Violations
Assess the significance of the code violation
Is voluntary compliance even achievable
Seek Cooperation
Approach Establish a fair and equitable time frame to abate Conduct site visits and discuss issues, face to face
When possible, reach out to complainant for updates
Pivot When
Necessary
Set fair bench‐marks for compliance
Second chances
Keep good notes, logs ‐ Notice of Abatement
Notice of Violation ‐ Abatement
Citations/Fines
Any person who is guilty of an infraction under this chapter shall incur fine(s):
 All posting and mailing abatement notices shall incur a $50.00 fee –f e e waived if complied within established time
Every violation determined to be an infraction is punishable by  (1) a fine not exceeding $100.00 for a first violation;  (2) a fine not e
xceeding $200.00 for a second violation of
the provisions of this ordinance within one year;
 (3) a fine not exceeding $500.00 for each additional
violation of this chapter within one year.

In addition to the penalties, any additional violation within the one‐ year period may be char ged as a misdemeanor .
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76 Abatement Unsuccessful
 Fines and Penalties
 Rolling Total
 Property Recordation
 Tax Roll
 Unknown Circumstances
Performance Indicators –m a k i n g a difference
CODE ENFORCEMENT CASE SUMMARY
October November December January
Code Case Types Total
Vegetation 4 4 8
Vehicle Nuisance 41 1 1 7
Vehicle Non‐Op 5 2 7
Other (Junk/Debris,
Noise, Fences)
61 0 1 9 2 6
Total 19 15 2 12 48
OTHER (Junk/Debris, Noise, Fences)
October November December January
“Other Cases” Total
Noise 0 2 0 3 5
Junk/Debris 1 4 1 0 6
Vandalism/Neglect Structure 4 2 0 1 7
Homeless Encampment 0 1 0 1 2
Fence/Setback Disputes 1 2 0 2 5
Garbage Bin Left out 01 0 0 1
Total 6 12 1 7 26
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77 Performance Indicators –m a k i n g a difference, cont.

Abatement ‐ Resolution
Total Cases 48
Voluntary
Compliance
(closed)
NOV –
Compliance
(closed)
NOV‐ Remain out of
Compliance:

Further Guidance:

Total 23 9 10 6
Vegetation 4 4
Vehicle Nuisance 2 2 3
Vehicle Non‐Op 3 4
Noise 4 1
Junk/Debris 3 3
Vandalism/Neglection
of Structure
51 Homeless Encampment 2
Fence/Setback Disputes 1 4
Garbage Bin Left out 1
Commercial Property 1
Abandoned Vehicles
 Unimproved surface
 Private Property
 Non‐operational –n o registration
 Public Right‐of‐Way ‐ Current
Community Service approach
 Fines and Penalties ‐ voluntary/NOV
 Tow and enter property –l e g a l
procedures
 Costs –T o w i n g Service/Legal
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78 Code Enforcement
Education & Training
 California Association of Code Enforcement Officers
 Training/Certification process
 Peer to peer resources
 Invest in Officer
What’s ahead…
 Improve our resolution rate
 Weed Abatement – assist Fire Department
 Continue with Certification and training
 Develop and utilize new permit module
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79 QUESTIONS
Feedback
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Suisun City City CouncilMarch 7, 2023

Suisun City City Council
March 7, 2023