Taft City Council
September 1, 2026

TAFT CITY COUNCIL/SUCCESSOR AGENCY

JOINT REGULAR MEETING AGENDA
TUESDAY, SEPTEMBER 01, 2026

CITY HALL COUNCIL CHAMBER
209 E. KERN ST., TAFT, CA 93268
_____________________________________________________________________________________________________________________________ City of Taft Council Meetings are being held in-person with full capacity seating or may be joined remotely through zoom using Meeting ID 822 2370 7823 Passcode 613564 or the following link:
https://us06web.zoom.us/j/82223707823?pwd=JoocdxwbZL5YyHXJ6Ch2Wy6e8hzEfT.1 Meetings are also livestreamed at https://www.youtube.com/user/CityofTaft.

Public comment can be made in person or remotely through zoom and can be received per the following:
• Written comments may be dropped off in the drop box in front of City Hall. • Comments may be emailed to the City Clerk at [email protected] • Made by phone to the City Clerk’s office at (661) 763-1222. • Public comments will be accepted up until 5:00 PM the day of the meeting. • Any comments received will be read into the record.
_____________________________________________________________________________________________________________________________ REGULAR MEETING 6:00 P.M.

Pledge of Allegiance
Invocation
Roll Call: Mayor Noerr
Mayor Pro Tem Bryant
Councilmember Krier
Councilmember Waldrop
Councilmember Chavira

1. CITIZEN REQUESTS/PUBLIC COMMENTS

COMMENTS ARE TO BE RECEIVED AS STATED IN ABOVE POLICY

THIS IS THE TIME AND PLACE FOR THE GENERAL PUBLIC TO ADDRESS THE CITY COUNCIL ON MATTERS WITHIN ITS JURISDICTION. STATE LAW PROHIBITS THE COUNCIL FROM ADDRESSING ANY ISSUE NOT PREVIOUSLY INCLUDED ON THE AGENDA. COUNCIL MAY RECEIVE COMMENT AND SET THE MATTER FOR A SUBSEQUENT MEETING. PLEASE LIMIT COMMENTS TO FIVE MINUTES.

2. COUNCIL STATEMENTS (NON-ACTION)

3. DEPARTMENT REPORTS

4. CITY MANAGER STATEMENTS

5. CITY ATTORNEY STATEMENTS

6. FUTURE AGENDA REQUESTS
***************************************************************************************************** CONSENT CALENDAR ITEMS 7-13
All items listed on the Consent Calendar shall be considered routine and will be enacted by one roll call vote. There will be no separate discussion of these items unless a member of the City Council requests specific items to be removed from the Consent Calendar for separate action. Any item removed from the Consent Calendar will be considered after the regular business items. Are there any items on the consent calendar that any member of the public would like to comment on? City of Taft Council/Successor Agency Meeting
Agenda
September 01, 2026

7. MINUTES
August 18, 2026, Regular
Recommendation – Approve as submitted.

8. PAYMENT OF BILLS
Warrant # 081426A Check No. 202555-202559 $ 4,513.93
Warrant # 081426 Check No. 202560-202629 $ 228,046.27
Recommendation – Approve payment of the bills.

9. TREASURERS REPORT
Recommendation –
Motion to receive and file the Treasurers Report for the months April, May and June 2026.

10. SPECIAL EVENT PERMIT AND WAIVER OF APPLICATION FEES FOR THE ST. MARY’S CATHOLIC CHURCH TO HOST A FESTIVAL ON THEIR PROPERTY ON SUNDAY, NOVEMBER 1, 2026 Recommendation –
Motion to approve a resolution entitled A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TAFT APPROVING SPECIAL EVENT PERMIT NO. 2026-23 AND TO WAIVE APPLICATION FEES FOR ST. MARY’S CATHOLIC CHURCH TO HOST A FESTIVAL ON THEIR PROPERTY ON SUNDAY, NOVEMBER 1, 2026 and find that the activity is not a project per the California Environmental Quality Act (CEQA) as set forth in Section 15061(b)(3) of the CEQA Guidelines.

11. STREET CLOSURES AND SPECIAL EVENT PERMIT FOR THE TAFT CHAMBER OF COMMERCE DIA

DE LOS MUERTOS EVENT
Recommendation –
Motion to adopt a resolution entitled A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TAFT

AUTHORIZING THE SPECIAL EVENT PERMIT AND STREET CLOSURES FOR THE TAFT CHAMBER OF COMMERCE DIA DE LOS MUERTOS EVENT ON SUNDAY, NOVEMBER 1, 2026 and find that the activity is not a project per the California Environmental Quality Act (CEQA) as set forth in Section 15060(c)(3) and Section 15378 of the CEQA Guidelines.

12. SPECIAL EVENT PERMIT AND WAIVER OF APPLICATION FEES FOR THE FIRST BAPTIST CHURCH TO HOST A PEDDLER’S FAIR ON THEIR PROPERTY ON SATURDAY, SEPTEMBER 5, 2026 Recommendation –
Motion to approve a resolution entitled A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TAFT APPROVING SPECIAL EVENT PERMIT NO. 2026-24 AND TO WAIVE APPLICATION FEES FOR THE FIRST BAPTIST CHURCH TO HOST A PEDDLER’S FAIR ON THEIR PROPERTY LOCATED AT 220 NORTH STREET ON SATURDAY, SEPTEMBER 5, 2026, and find that the activity is not a project per the California Environmental Quality Act (CEQA) as set forth in Section 15061(b)(3) of the CEQA Guidelines.

13. AUTHORZING BY RESOLUTION THE USE OF AND APPLICATION FOR $10,573 IN FY 2026-27 FOR

THE CALIFORNIA STATE OF GOOD REPAIR PROGRAM FOR TRANSIT PROJECTS City of Taft Council/Successor Agency Meeting
Agenda
September 01, 2026

Recommendation –
Motion to adopt a resolution entitled A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TAFT APPROVAL OF THE PROPOSED PROJECT LIST FOR THE FY 2026 – 2027 CALIFORNIA SENATE BILL 1-STATE OF GOOD REPAIR PROGRAM.
******************************************************************************************************

14. 2026 ANNUAL MILITARY EQUIPMENT REPORT
Recommendation –

1. Review report

2. Motion to receive and file the 2026 Annual Military Equipment Report and find that the activity is not a project per the California Environmental Quality Act (CEQA) as set forth in Section 15060(c)(3) and Section 15378 of the CEQA Guidelines. ******************************************************************************************************

CLOSED SESSION
A. CONFERENCE WITH LABOR NEGOTIATOR, CRAIG JONES, CITY MANAGER Government Code 54957.6 – All units
B. CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION
Government Code Section 54956.9 (a) – Taft Union High School vs. City of Taft Kern County Superior Court Case No. S-1500-CV-283804

ADJOURNMENT
AMERICANS WITH DISABILITIES ACT: In compliance with the Americans with Disabilities Act, if you need special assistance, a disability-related modification or accommodation, agenda materials in an alternative format, or auxiliary aids to participate in this meeting, please contact the Office of the City Clerk at (661) 763-1222 or [email protected] as soon as possible. Providing at least 72 hours’ notice will help ensure that reasonable arrangements can be made.

AFFIDAVIT OF POSTING
I, Faith Melton, declare as follows:

That I am the City Clerk for the City of Taft; that an agenda was posted on a public information bulletin board located near the door of the Civic Center Council Chamber on August 27, 2026, at ________ a.m./p.m., pursuant to 1987 Brown Act Requirements.

I declare under penalty of perjury that the foregoing is true and correct.

Executed August 27, 2026, at Taft, California.

Signature ___________ _________

TAFT CITY COUNCIL/SUCCESSOR AGENCY

MINUTES
AUGUST 18, 2026
The August 04, 2026, regular joint meeting of the Taft City Council/Taft Successor Agency, held in the Council Chamber at Taft City Hall, 209 East Kern Street, Taft, CA 93268, was opened by Mayor Dave Noerr at 6:00 PM.

The Pledge of Allegiance was led by Council Member Carlos Chavira and invocation was given by Pastor John Getty.

PRESENT: Mayor Dave Noerr and Mayor Pro Tem Josh Bryant Council Members Carlos Chavira, Orchel Krier and Ron Waldrop City Manager Craig Jones and City Attorney Jason Epperson City Clerk Faith Melton

1. CITIZEN REQUESTS/PUBLIC COMMENTS
There was none.

2. COUNCIL STATEMENTS (NON-ACTION)
Council Member Krier reminded everyone that school has started and there are five City Council candidates for the November election.

Council Member Waldrop spoke about his trip to the League of California Cities regional dinner.

Council Member Chavira spoke about the new mandated non-phone policy at school and that if you see a crime make sure to report it.

Mayor Pro Tem Bryant gave a shout out to the Taft Police Department and said without a victim there is no crime.

Mayor Noerr urged everyone to be a be a good witness and spoke in opposition about the new changes by the California Energy Commission.

3. PLANNING COMMISSION REPORT
Planning Commissioner Steven McDaniel gave an
A. CONFERENCE WITH LABOR NEGOTIATOR, CRAIG JONES, CITY MANAGER Government Code 54957.6 – All units
B. CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION
Government Code Section 54956.9 (a) – Taft Union High School vs. City of Taft Kern County Superior Court Case No. S-1500-CV-283804
overview of what went on at the August 5th Planning Commission meeting.

4. DEPARTMENT REPORTS
There was none.

5. CITY MANAGER STATEMENTS
There was none.

City of Taft Council/Successor Agency Meeting
Minutes
August 18, 2026

6. CITY ATTORNEY STATEMENTS
There was none.

7. FUTURE AGENDA REQUESTS
There was none.
***************************************************************************************************** CONSENT CALENDAR ITEMS 8, 9, 11, 12
 Noerr pulled item 10 from the consent calendar for staff to fix a formatting issue Motion: Moved by Krier seconded by Bryant to approve consent calendar items 8,9, 11, 12.

AYES: Krier, Bryant, Chavira, Waldrop, Noerr
PASSED: 5-0

8. MINUTES
August 04, 2026, Regular
Recommendation – Approve as submitted.

9. PAYMENT OF BILLS
Warrant # 073126 Check No. 202477-202531 $ 209,503.02
Warrant # 073126A Check No. 202532-202550 $ 190,512.83
Warrant # 080726 Check No. 15,217.34 $ 15,217.34
Recommendation – Approve payment of the bills.

11. AGREEMENT WITH CALIFORNIA STATE CONTROLLER OFFICE (SCO) TO PREPARE THE

REQUIRED ANNUAL STREET REPORT
Recommendation –
Motion to ratify the approved professional services agreement with California State Controller and find that the activity is not a project per the California Environmental quality Act (CEQA) as set forth in Section 15060(c)(3) and Section 15378 of the CEQA Guidelines.

12. WEBSITE AND AGENDA PLATFORM UPGRADE FOR AMERICAN WITH DISABILITIES ACT (ADA) COMPLIANCE (WCAG 2.1 AA)
Recommendation –
Motion to approve the Municipal One Agreement, the website upgrade and the agenda platform to bring the City of Taft into full ADA compliance, enhance accessibility for residents with disabilities, and significantly improve internal agenda management workflows. ****************************************************************************************************** City of Taft Council/Successor Agency Meeting
Minutes
August 18, 2026

10. TREASURERS REPORT
 Noerr removed this item due to formatting issues. Staff was directed to fix the formatting issues and bring it back to a later meeting. ****************************************************************************************************** At 6:23 PM the meeting was recessed in order to hold the Annual Taft Public Financing Authority (TPFA) meeting.

At 6:25 PM the meeting was reconvened and at 6:26 PM the regular meeting was recessed to closed session.

CLOSED SESSION
C. CONFERENCE WITH LABOR NEGOTIATOR, CRAIG JONES, CITY MANAGER Government Code 54957.6 – All units
D. CONFERENCE WITH LEGAL COUNSEL – EXISTING LITIGATION
Government Code Section 54956.9 (a) – Taft Union High School vs. City of Taft Kern County Superior Court Case No. S-1500-CV-283804
 The City Council discussed in closed session those items agendized for closed session discussion and directions were given to staff and negotiators. The City Council took no other reportable action.

ADJOURNMENT - With no further business to conduct, the meeting was adjourned at 7:22 PM. __________ ____________
Faith Melton Dave Noerr
City Clerk Mayor

City of Taft I California
Treasurer's Report
For the Month Ended April 30, 2025
Prepared By:

Finance Department
( FO c
CITY OF TAFT I FOR THE MONTH ENDED APRIL 30, 2025
Treasurer's Report
Unaudited

TABLE OF CONTENTS
Cash and lnvestment schedules and Charts 3
Bank Reconciliation - Unrestricted Cash Accounts..-................ ....................4 Bank Reconciliation - Restricted Cash Accounts 5
Schedule of Receipts and Disbursements 1
schedule of lnterest Earned 8
Schedule of lnvestment Composition..... 9
Chart of lnvestment Maturity Distribution - Original Purchase..............,............... .................. 10 Chart of lnvestment Maturity Distribution - Remaining Maturity 11 Exhibits - Trend Analysis 72
Exhibit A - lnvestment Trend........................... 13 Exhibit C - lnterest Rate Trends 18
Exhibit D - Return on lnvestment Ana1ysis....................... 20 Exhibit E - Month-to-Month Change....... 22
PAGE
Exhibit F - lnvestment Policy Compliance Testin9.................... ................. 25 CIW OF TAFT I FOR THE MONTH ENDED APRIL 30, 2026
Treasurer's lnvestment Analysis - Key Highlights
Unaudited
Treasure/s Report Analysis - Highlights
The following bullet points summarize the most significant financial results, trends, and variances for the reporting period:

As of April 30, 2026, the City is not in compliance with its investment policy. The largest portion of the City's investment portfolio includes negotiable certificates of deposit (38.88%) when the limit on this type of investment is 30%. The investments are held in the City's Wells Fargo Advisors Certificate of Deposits account and UBS Financial Services account.

The city's cash and investment balances experienced an overall increase from July 2025 to April 2026 (Exhibit E -

The City's United Security Bank checking account had a deficit of 5234,420.71 in october 2025. This was attributed to outstanding checks of over 5700,000 (Exhibit E - Page 21). The deficit has since been corrected.

This account also increased by S2,317,729.27 from March 2026 to April 2026 (Exhibit E - Page 21). This is attributed to the receipt of previously withheld TDA funding for fiscal years 2021 and 2022.

Some of the City's investment accounts have been omatted from Exhibit D, pages 20 and 21. This section was added at the request ofthe Finance committee in February 2026. After calculating the ROI over several periods, we determined that this metric is not suitable for some of the City's investment accounts. These omitted accounts are tailored towards liquidity of funds over those held for long-term investment, resulting in volatility with investment balances.

As ofApril 30, 2026, the City's bank statements have been fully reconciled to the general ledger. We acknowledge City staff for their support in providing the documentation necessary to complete this analysis.

The United Security Bank balance of 53,176,594.99 represents the larBest share (34.98%) of operating cash and investments compared to other tinancial institutions.

The PARS balance of 52,044,915.21 represents the largest share (75.99%) of restricted cash and investments relative to other institutions holding restricted funds. lnterest rates increased sharply in 2023, followed by a gradual decline that has continued through April 2026 LAIF interest rates increased from February 2022 to August 2024, followed by a gradual decline that has continued through April 2026.
1 The "lnvestment Trend Analysis as of April 30, 2026" (Exhibit A - Page 12) indicates that total investments have gradually declined over the past 12 months.

CITY OF TAFT I FOR THE MONTH ENDED FEBRUARY 28, 2025
Treasurer's Report
Unaudited
Variations in returns across 3-month, 6-month, and 12-month intervals are primarily driven by cash flow fluctuations affecting investment balances.
crTY oF TAFT I FOR THE MONTH ENOED APRL 30, 2026
Treasurer's Report
Unaudited
Cash and Investment
Schedules and Charts
3 :lI
EI
Il
'l
-t
EEE.

E
3si
: !" r !
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il
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EI 9lI I I II
CITY OF TAFT I FOR THE MONTH ENDED APRIL 30, 2025
Bank Reconciliation - Restricted Cash Accounts
LJnaudited
U^h.dsmuntsank Unlt.dt.un!B.nl Unlt.dSr(urliyB.nk w.ft r.r,6Advkos rim.t.w.lLr. rnnrr.lrun l'croP &, cE^r
e.h... Er..il.l a/ro/tr6 11s,1e226 S 2,7o2,GA61r 9 e,430,5,ro.1s t 12,133,306.s2 adju{.d B.r.n.. ', B.nr n {@2025 !_____14!4::31
c.nmr t.d3d Bnr..., VVr026
outsr..d ngch..kt(P.yroll)
outst.idh! ch..ki (op.rrlAr)
our fdL^8 ch..r! 0nn.r.,
!4!!&sh&
ltll E !o
ellallln!-grfulrolltr
AaH . $.r. DhbuMnd ui[
Er!91l!4b-e]!!!q!4!!]!
,.16ll i.r t.ym..! 0l/0e
P.y6llI*P.ym.nr0r/23
t 2,690,3919r t e,07e,331.36 I r|,t1o,n!fi
179,25347 5 2,56!,itr3.2{ I 6,513,0,41.48 t 9,131,460.12 0,45650) 11,12t02{53) tr,127,,431.13)
_________]!,!9!,19)
(1,003,39)
13,91553 79.0rs.33
0,4s3.11) (se3,r7354) (999,726.7s)
, (r5,0.5,s11 (96,046.53)
. l29,Oa2ol) (29.042.01)
. 11,509.311 u,co9.32t
l1d3.t9l (1.055,071
Totar op.aiins carh Drtbu6.n.^$
152,72161) 19r,72r.511
t4s2,505,r7l 1.i12,t05,77)
lLo..ee2.rtl lr03,eer.77l
190,,15,151 (90,3!5.75)
rotal op.hllnB C*h Dirbu6.h.ntr ore,ss6e0) l7re,s56.e0r s,655.65
. (2,4t6.r01 11,3!3,3er.ezl 0,351,152,.2)
ch.n3. r. r.rr M..t.r v.lu.

G.n.r.l L.dtr. ..hn.. rt 4/30/1025
o,003,19)
5 !-1SP!g!9 t-W.
ctw oF TAFT I FOR THE MONTH ENDED APRrr 30, 2025
Schedule of Cash and lnvestments
Unaudited
Pool.d o6l$at.d tud op.ratlnt
c.eh & lnve*ments:
36t g.Yl :|55 D.yr
Equlv.l.nt Equlv.l.nt
009-00100
009.00102
009.00101
t)09.o0103
009-00104
009-00114
009'00115
Pa$book/Checkhs Ac.ountt
Werl Amcrica Sank (WAB)
u.iredsecu ry Bank lusB)
Local Agency lnvenmenl rundc (A)
Unlted SeciJnW &.k {US8}
lnv$tm€nt . U.S. Govern ment 5€curltles
Welk Far3oAdvlloB {wFA)
UBS Finandal S€rvhes. ln!
Tot.l Or.rdln8 C.ih & hv.stlh.nts
Rett.icted ci3h & lnvdtmentt
s 322,155.28 s 322,165.28
305,344,47 305,344.87

3.55%
,.169{
3,176,594.99 3,t76,594.99
236,725.88 236,725.44

34.9816

2.61%

0.009(

0.3294
o,a2%
o a2%
a.a2%
1,509,375.00 1,509,375.00 76.62%
7,360,433.31 2,350,433.37 25.00%
!,169,24?,47 7,159,242.47 12.44%
3 9,079,881.86 S 9,079,881.86 100.00%
See Page 8
0,5396
t.a4%

2.56%
010{0102
053-00100
054-00100
062'00103
070-00t02
071-o0102
071.00104
Publlc ag.ncy R.tlGm€nt Servicer {PAiS)
Restrlclad C.3h- lnrn.te w€lfar€ Fuhd
R€strlcted c.sh " lnm.te Truit Fund
Restrlct.d C.3h . LCTOP-BUS PASSES
Rest cted Caeh - COP USDA {WFA Ac€t i3386)
Monl.sTo Hold Acct Op.n From rund 71(WfA Acct r33EO)
nlsirict.d C.sh - wwTP Const.u<tion lwfA A.<t 18423)
Told R.ndd.d C.ri & lnv..tiEnt
s 2,044,915.21
113,973.69
202,857.41
?2,006.49
67,124.91
10,026.83
179,792.26
s 2,59O,a91.92
-6.62%

0.02%
o.0z%
0,02%

3.33%

3.70%
-6.71%

0.02%
o.a2%
0,03%

3.38%
3,75*
$ 2,044,915.21
113,973.69
202,452.47
72,006.49
67,124.91
10,026.83
179,792.26
!-:ry:3

75.99%
4,24rt

7.54%

2.64%

2.50%

0.37X

6.6896
100.00*
Thls report is prcrented pur'oant to the city of Taft's lnv€ltmcnt Pollcy whlch war revised by the Taft Clty Councllat its rcgulE yscheduled meetlns ofMerch 2026.There arc iuffhl.ntfundsto meetthe next6 months' oblltatlon!. (A) & allowed by Calitomla Government Code Se.lion 53546(.), atlached Erhlblt D & Erhlbll E prcvldlr th..gcncy cunent m.rlel valu€ a! of th€ reportinS 6 date, Api|30,2026.

Number

0.02%
0,62%
!.87%

2.53%
Grrnd TotalCash & hv8tment3 s 71,710,77a.7A I tt,n|l73.78 CITY OF TAFT I FOR THE MONTH ENDED APRIL 30, 2026
Schedule of Receipts and Disbursements
Unaudited
Bahnca
4hl2'025 Re.alpG Oisbursem€nts lntereslPaid 6.ln/Loss ln {out, Salance
4hOl2O25
Poolcd Oo.r.ilh. Cl.h & lnvcdmGnt:

Pa$book/Checking Account - westamerica
Checklng Acco!nt-Unlted Security 8an*
cetlflcate of Deposit/lJnlted Security Bank
Lo.il ASency lnveitment Fund
hvestment-U.5. 6overnment Se.urltles
certificate of Deposlvwelh rarSo advi3ors
certlfacate Of D€podt/UBS Flhanclal serulces lnc.

Totat Pool.d op*rtln8 crali & lnvartrnant.
7?6.97
2,294.66
9,375.00
3,953.08
2,571.23
s 322,16s.28
3,176,S94.99
305,344.87
236,725.88
1,509,375.m
2,360,433.37
7,t69,242.47
s 202,657.17 4.fl I 5 s s
858,86s.72
304,557.90
234,431.22
1,497,195.00
2,354,344.G4
1,16s,986.23
!.-iegsgg
2,805.00
2,135.65
745.01
776.97
2,294.66
9,375.00
3,953.08
2,511.23
s 18,915.58
5 119,s52.1s S 1s2.58) S
4,772,25A.L7 11,854,528.90)
s 4,291,820.32 s 11,854,581.58) S 18,915.s8 $ 5,685.66 S S s 9,079,881.86 s 59,525.96 5 s 5
Rc.trlctGd ci.h & lnv.rh.nt
Public A8ency Rltirement Se.vices (PARS)
lnmatewelfare Fund
Etcrow Account-CDfW
LCTOP-8uS Pasrei
2019 Rev. Refundln8 Bond - us Bant
Wells FargoAdviso6 - ww-TP constructlon (wFAAcct 18423) {Wells FargoAdvlsors- COP USDA (WFAAcct {3385)
'Monles Io Hold Acct (70)rrom FD 71(WFAAcct t3385)
Tot l R.strict.d cl.h & lnvlttm.ntt
s r,985,292.54 5
107,850.03
140,558.8X
6,403.62
63,356,81
(1,003.39) S
(279.95)
(1,173,1s)
t 2,044,915.21 s
113,973.59
202,452.47
12,006.49
59,625.95
513.79
-t2,006.49
Grand Totrlcarh & lnv€rtments
r79,254.47
67,324.97
10,026.83
@1
s 9,181,4A0.U
s 59,770.43
s 4,361,590.75
s {2,456.50) s 50,159.75 s
$ u,85zor8.o8) s 7107r.33 i r,685.65
s 2,590,891.92
s-$ 9u, 770,773.7A
533.79 t79,792.26
67,324.91
10,025.83
s I !-ry:

J 71075,!r
7 hteretl Earned
CIW OF TAFT I FOR THE MONTH ENDED APRIL 30, 2025
Schedule of lnterest Earned
Unaudited
lnterest €arned during the current month ended April 30, 2025 are as follows:

Pooled Cash & lnvestments
West America
United Security Bank
Local Agency lnvestment Fund
Piper sandler & Co.

Wells Fargo Advisors
UBS FinancialServices
Restricted Cash & lnvestments
Total lnterest Earned tor the Month EndlnE4la012026
Quarterly interest ea,ning ls as Iollows:

Pooled Cash & lnvestments
West Amerlca
United Security Bank
Local Agency lnvestment Fund
Piper Sandler & Co.

Wells Fargo Advisors
UBS Financial Services
Restricted Cash & Investments
Total Unr€strlced Cash & lnvestments (Excludlng LAIFI
Total Pooled Cesh & lnvestment lnterest Earnlnts
Monthly Quarterly semi-Annual Annual

4.64 s
776.97
2,294.66
9,375.00
Total
s s s 5 4.64
776.97
2,294.66
9,375.00
3,953.08
2,5L7.23
533.79
3,953.08
2,57r.23
533.79
5 7,779.77 s 2,294.66 s 9,37s.00 s 5 79,449,37
Quarter Ending
9l30l2O2s
quarter Ending
7213712o2s
quarter Ending
3l3tl2026
Month Ending
4l30l2026
Fiscal
Yearto Date
s 15.14 s
2,419.52
6,272.40

3.10 s
2,550.22
5,269.85
9,375,00
21374.79
74,694.40

7.63 s
2,254.90
4,207.72

4.64 s
776.97
2,294.66
9,375.00
3,953.08
2,511.23
533.79

30.51 4,401.77
18,978.03
18,750.00
71,084.35
32,18s.96
6,962.99
22,968.97
10,195.39
1,893.48 2,L6a.a4
22,787.58
4,784.94
2,356.88
S s0,166.3s t____i?!!M
s s6,436.20 s 36,403.0s
5 L7,754.77 S 137,41s.s3
s 19,449.37 s 156,393.56
5 37,a92.s4
S 44,104.94
8 ctw oF TAFT I FOR THE MONTH ENDED APRtt 30, 2026
Schedule of lnvestment Composition
Unaudited
Settlement
Date
Market
Value Of CD
lnterest
Cost Of CD Rate Term
Maturity
Date
lnterest Earned
ln FiscalYear
lnterest
Pays
US Government Securities
Federal Home LN BNks s/6/2O26 s 1,s00,000.00 5 1,s00,000.00 4.13% 5 Years 4/29/2031 S Semi-Anoually wells Fa,go Advisors lnvestments
Goldman Sachs BK USA CD
New Valley Bank
EaSlemark SvSs 8K
CapitalOne BK McLean VA
Discover Greenwood
Comenity Bank Wilmingtn
FFB Bank CD
Hiawatha Natl Bank cD
CFG Bank/Md CCD
MorSan Stanley BK NA CD
Sallle Mae Bank/Salt CD
UBS Bank USA CD
Great Midwest BK SSB CD
.lP Morgan Chase 8K NA CD
,P Morgan Chase BK Columbus
Total Wells Fargo Advlsors
UBS Flnan.lal Servi€es
Freedom First Fed VA US
Goldman sachs
Safra Natl BK
Bank United NA Flor
Goldman Sachs Bank NY
Morgan Stanley BK UT
Morgan Stanley Prv NY
Sallie Mae Bank UT
Total UBS Finan.ial Services
5 Years
5 Years
5 Years
5 Years
5 Years
5 Years
5 Years
5 Years
5 Years
5 Years
5 Years
5 Years
5 Years
5 Years
5 Years
2,100.00
2,406.99
2,000.00
3,843.84
315.86
5,247.r4
8,77 4.33
1,630.33
9/2912027
313/2022
319/2022
s/412022
6/7 /2022
6/B/2022
lL12512024
t0/28/2024
10/221202s
12/8/2O2s
t/7 /2026
Ll7l2026
Ll2012026
317612026
412812026
200,000.00
169,242.00
100,000.00
250,000.00
20,000.00
200,000.00
245,000.00
45,000.00
75,000.00
100,000.00
250,000.00
250,000.00
250,000.00
120,000.00
100,000.00
L97,622.00
155.987.60
94372.00
24?,887.50
19,834.00
197,682.80
245,036.75
45,007,20
74,455.50
99,385.00
246,775.00
246,790.OO
246,322.5O
119,155.20

7.06/o
L.13%

2.03%

3.07%

3.77%

3.7ayo

4.29%

4.34%

4.02%

4.07%

3.79%

3.90%

4.07%

4.25%

3.85%

1.01%

3.70%

1.37%

4.29%

3.67%

3.77%

3.84%
9/2912026
2/2s/2027
3/912027
s/412027
6/712027
6/74/2027
3/27 /2029
70/2612029
10/37/2030
12h7 /2030
L/L4l2c3r
7h412037
712212037
3/2012037
4/2e/2031
612412026
th812026
9/2312026
72/8/2026
3/!!/2027
to/812027
12/6/2028
12/77 /2030
2,37t.64
2,373.30
Semi-Annually
Monthly
Semi-Annually
Seml-Annually
Semi-Annually
Monthly
Monthly
Monthly
Semi-Annually
Semi-Annually
Semi-Annually
Monthly
Monthly
Semi-Annually
Semi-Annually
5 2,374,242.00 S 2,3s1,303.0s
99 990.00
99,986.00
99,135.00
99,893.00
196,932.00
12S,360.00
119,506.80
199,006,00
209,181,18
S 31,003,43
9/181202s
81912027
9l18l2OZS
12/74/2O2!
3141202s
70/2/2025
72117 /2O2s
72hS/2O2s
100,000.00
100,000.00
100,000.00
199,400.00
125,000.00
120.000.00
200,000,00
211,000,00
Monthly
Semi-Annually
Annual
Quarterly
Semi-Annually
Semi-Annually
Semi-Annually
Semi-Annually
l Year
5 Yeaas
1 Year
5 Years
2 Years
2 Years
3 Years
5 Years
2,531.52
1,000.00
1,353.70
5,375.00
2,184.00
5 t2,444.22
Total lnvestments and lnterest Earned I 41,447.65
Bank
s 1,155.400.00 s 1,148,999.98
s s,029,642.00 5 5,000,303.03
9 CITY OF TAFT I FOR THE MONTH ENDED APRIL 30, 2026
Chart of lnvestment Maturity Distribution - Original Purchase Unaudited
Matu Distribution - Ori nal Purchase
Portfolio/Benchmark
US Treasuries
Certificates of Deposits
0-1
Years

0.00%

5.67%
t-2
Years
o.oo%

6.94%
2-3
Years
o.o0%

5.67%
3-4
Years
o.oo%

0.00%
4-5
Years
roo.ooo/o

47.73%
>5
Years
o.ooo/"

0.O0'/o

70.40%
100.00%

90.oo%

80.00%
20-0a%
lo.oo%
*
a
E so ooca
E
E so oox
I oo.oox

30.00%
I US Treasurles
a Certifi.ates of Deposats
3-4
Time to Maturity (Yea6l

0.00%
0-1
10 4-5 >5
CITY OF TAFT I FOR THE MONTH ENDED APRIT 30, 2025
Chart of lnvestment Maturity Distribution - Remaining Maturity lJnaudited
Maturity Distlibution - Remaining Maturity
0-1
Years

0.00%

30.98%
t-z
Years

0.00%
t6.72%
2-3
Years

0.00%

72.67%
3-4
Years

0.00%
r.270/o
4-5
Years
100.00%

38.42o/"
>5
Years
o.00%
o.oo%

70.oo%
a
E oo.ooge
E
E so.oox
.e
B 40.00%

30.00%
100.00%

90.00%

80.00%

24.00%

10.00%
I US Treasuries
r CErtificat.r of Deposits
1-2
I2.3 3-4
Tlme to Maturlty (Years)

0.00%
G1
11 4-5
Portfolio/Benchmark
US Treasuries
Certificates of Deposits
>9
CITY OF TAFT I FOR THE MONTH ENDED APRIL 30, 2026
Treasurer's Report
Unaudited
Exhibits
Trend Analysis

1.2 CITY OF TAFT I FOR THE MONTH ENDED APRIL 30, 2026
Exhibit A - lnvestment Trend
Unaudited
Balance As of
4ltol2o2s
Balance As of
7l3Ll2o25
Balance As of
rolttl2oz5
Balance As of
Llru2026
Balance As of
413012026
changes
Unrestricted lnvestments lnc (dec)
Certificates of Deposits - United Security Bank
Local Agency lnvestment Fund
lnvestments-U.S. Government Securities
Piper Sandler & Co.
certificates of Deposits - Wells Fargo Advisors
Certificates of Deposits - UBS Financial Services
Total Unrestricted lnvestments
Restricted lnvestments
Public Agency Retirement Services (PARs)
Wells Fargo Advisors - WWTP Construction
Wells Fargo Advisors - COP USDA
Total Restricted lnvestments
Total lnvestments
s 29s,063.44 s 296,918.33 s 300,525.11 s 303,094.60 s 30s,344.87 s 567 ,747.85 567,747 .8s 580,230.10 234,43t.22 236,725.88 1,450,010.00 1,467,690.00 1,481,80s.00 1,491,510.00 1,s09,375.00 10,287.43
(331,021.97)
49,355.00
2,955,267.78
7,387,466.O9
2,990,582.01
7,402,r40.04
2,722,278.64
L,L52,140.7|
2,350,888.34
L,767,237.98
2,360,433.37
').,'169,242.47
(s94,833.81)
l.2t8,223.62\
s 6,66s,5s4.s6 s 6,72sp78.23 s 6,237,080.56 s s,541,1s6.14 s s,s81,121.s9 sl.7,O84,432.97) s 1,842,646.60
t72,899.52
102,076.83
s 1,912,660.s4
174,683.66
2,666.03
s 1,991,878.92
176,490.44
2,69r.99
s 2,018,867.48
178,236.34
76,733.67
5 2,O44,91.s.21. 5
179,792.26
77 ,351.80
202,25a.5L
6,892.74
(24,72s.O31
5 2,777,622.9s S 2,090,010.23 5 2,777,O67.3s 5 2,273,837.43 S 2,302,059.27 5 184,436.32 s 8,783,177.51 I 8,815,088.46 S 8,408,141.91 s 7,814,993.s7 s 7,883,180.86 s (899,996.65) 13 CITY OF TAFT I FOR THE MONTH ENDED APRIT 30, 2025
Exhibit B - Balance Trends
Unaudited
2,000,000
s3,s00,000
s3,000,000
s2,s00,000
s1,s00,000
s1,000,000
9500,000
sComparison of Unrestricted Cash and lnvestment Balances from April 2025 to April 2026
t0l3v20zs
Date
r13L12026 4l30/2A26
-Certiflcates
of Deposits - United Security Eank
-Local
Agency Investment Fund
-lnvestments-U,S,
Governmeot Securities
-Ceniflcatos
of Deposlts - Welh FarSo Advhors
-Certlficates
of Doposits - UBS FlnanclalServlces
E
413012025 7l31l2O2S
14 ctw oF TAFT I FOR THE MONTH ENDED APRrt 30, 2025
Exhibit B - Balance Trends {Continued)
Unaudited
E
s4,000,000
s7,000,000
s6,000,000
s5,000,000
s3,000,000
s2,000,000
s1,000,000
sComposition of Unrestricted lnvestment Account Balanc€s from April 2025 to April 2026
1l31l2O2S
!Certificates of Deposits - UBS Flna ncia I Services
lCertificates of Deposlts'Wells Far8oAdvhors
I lnvestments.u.S. Government Securltles
t LocalAgehcy lnvestment Fund
rCertiticates of Deposits - United Security Banl
4l30l2025 1O/3r12025
Date
tlltl2026 4130/2026
15 ctw oF TAFT I FOR THE MONTH ENDED APRrt 30, 2026
Exhibit B - Balance Trends (Continued)
Unaudited
Comparison of Restricted Cash and lnvestment Balances
from April 2025 to April 2026
E
51,5@,000
s1,000,000
$2,s00,000
s2,000,000
5500,000
s.
-Pubtlc
Ar.ncy Retkement Servtces (pARS)
-Wells
FargoAdvlsors - WWTP Con5truction
-Wells
Fa.soAdvisors - COP USDA
4/30/202s 1/3r/2025 1O13112025
Dat!
u3u2026 4l30/2026
16 CITY OF TAFT I FOR THE MONTH ENDED APRIT 30, 2026
Exhibit B - Balance Trends (continued)
Unaudited
E
52,500,000
s2,000,000
s1,s00,000
s1,000,000
ss00,000
tol17l2025
Data
a Welh Fa r8o Advi5o.s . COP USDA
rWellr FarsoAdvisors - WWTP Cohrtruction
r PubllcAg€ncy Retiremenr Services (PARS)
a/3ol2o25 7/3!/2025 7l3t/2026 4hol2026

1.7 s,
Composition of Restricted lnvestment Account Balances
from April 2025 to April 2026
ctw oF TAFT I FOR THE MONTH ENDED APRll30, 2026
Exhibit C- lnterest Rate Trends (Continued)
Unaudited
Compa ron of FDIC Monthly National Yields
from June 2021to April2025
A ! E I F i A E E q g E E P H i F i A H iH R S E R 5 E S i R i H E E H f; i H E H q H i R q H I R E P E R A i H IS t ^< ; 5 i i i > n " 5 t i t ; ; E i i > !; ; > > r i ; E : :r > I -- > i i : i il B : ! > i> i > U : i3 > E : ) > \ i 18 CITY OF TAFT I FOR THE MONTH ENDED APRIT 30, 2025
Exhibit C- lnterest Rate Trends (Continued)
Unaudited
comparlion of LAIF Monthly Yields
trom March 2021to Aprll2026
:
.s
19 CITY OF TAFT I FOR THE MONTH ENDED APRIT 30, 2026
Exhibit D- Return on lnvestment Analysis
L.Jnaudited
Return
3-Month Yield
Return
5-Month Yield
Return
12-Month Yield
Unrestricted lnvestments
Certificates of Deposits - United Security Bank
lnvestments-U.S. Government Securities
Piper Sa ndler & Co.

Restricted lnvestments
Public Agency Retirement Services (PARS)
Wells Fargo Advisors - WWTP Construction

0.74%

7.20%

7.290/o

0.87%
L.57%

7.86%

2.66%

7.87%

3.48%

3.38%

70.98%

3.99%
*We have omitted the following investment accounts from the Return-on-lnvestment Analysis:
. Local Agency lnvestment Fund
. certificates of Deposit - Wells Fargo
. Certificates of Deposit - UBS Financial Services
o Wells Fargo Advisors - COP USDA
Due to balance fluctuations, the ROI percentages are not suitable for these investment accounts. Please see Page 1 for further explanation. 20 crw oF TAFT I FOR THE MONTH ENDED APRrr 30, 2026
Exhibit D- Return on lnvestment Analysis (Continued)
Unaudited
72%
70"1'
6%
o%
)%
Certificates of Deposits - lJnited
Security Eank
lnvestments-lJ.S, Government
Securities
Public Agency Retirement Services
(PARS)
Wells Fargo Advisors - WWTP
Construction
r Return 3-N4onth Yield t neturn 6'Month Yield I Return l2-Month Yield 27 333E
sl
"l
al 1
;l1
qe\n9e
i E! E
ES!E
qEEE
g fr :r
gflal -l:l
tct l;l
::l :l q&l al
*-l :l
;Pl al
"'l :l
EAI EI
*=l :l
"1;l
"1;l
aal al
"1:l
"1:l
:il :l
: *l :l
5flSl '1:l
:Hl :l 4 El r.l
E3l $l '-l ;l
EBI Gl
aql cl aal Rl "1:l
EC
!.'l
BI
qa
EEI
>l
-t
csl !Et
-t
esl
:: tgl
" -l
E E-]
" -l
!sl i rll
-t
r Sl
E *l
-t
rHl
;rl
"-l eEl
E=l
-t
tsl
EEI
-t
c c.l iEl
" -l
!sl Eel
:.-
E
aE
E\ ! !
5: 5-r
E
, €sii** E
d EEqiii; 5;!EEf !g
,fl 9::5i3E B E 9 g? EE
3 lr<ii--itsts:

E igCEEEF
-3
t-*!
.E E gEE
i 3 *€ I
5e a5,!E +f
;
ii =ie E ;* E E i
i-, V= E =- ?; E i E
EJ ii e * EEe c i
3; 55 3 ! i6..i ,i
- l a
r!or!da
6-oo
Zu
'-'Pzt) O-c s!
uro E>
C,P ol .LE
F'; q uE
O EE >=i
(l u:)
CITY OF TAFT I FOR THE MONTH ENDED APRIT 30, 2026
Exhibit E - Month-to-Month Change (continued)
Unaudited
lllustration of Unrestricted Cash & lnvestment Balances from July 2025 to April 2026
E
s3,500,000
53,000,000
52,s00,000
s2,000,000
s1,s00,000
s1,000,000
sso0,0o0
s(s00,000)
-
W€st Amerlca Eank (wAB)
-
United S€curlry Baik (U58)
-Certiflc.t€sof
D€poslte - Uniled Secudty Ba.k
-tocal
A8.ncy lnv.stment f und
-
Investmeht''u,s. Gove mmen r securities
-Pipersandlef
& co.
-Certlflcatesof
Deposite - Welle Farso
-Certiflcates
of Deposits - UBs rinanclal servi.es
^od "e*nu "-C ,"-' -C a"-' "a-- C Date
23 CITY OF TAFT I FOR THE MONTH ENDED APRIT 30, 2026
Exhibit E - Month-to-Month Change (Continued)
Unaudited
lllustration of Restricted Cash & lnvestment Balances
from July 2025 to April 2026
E
92,500,000
$2,000,000
s1,500,000
s500.000
s
$1,000 ,000
-PubllcAEencv
Retirem.nt seruice! (PAns)
-WdlJ
F..to Aolvitore 'WWIP Co.iru.iion
-W.lk
FargoAdvlrou - COP USOA
-Reltrlct€dCash
- hmato wcltara rllnd
-8€strlcted
cash - rnmale Trust Fund
-Redrl.r.d
Gsh - LcroP.BUs PAssES
^r^.,^.,^a^9^q^6-6 C' or{'"' "f-'' C .-- .po"' .C' *.€' Dat€
24 CITY OF TAFT I FOR THE MONTH ENDED APRIT 30, 2025
Exhibit F - lnvestment Policy Compliance TestinS
Unaudited
Testing the current investment portfolio ensures the City remains in compliance with its adopted policy. The followinS is an excerpt from the City's most recent investment policy adopted on March 3,2026:
lnvcslmcnl lndrum€nts
The City of Taft operatas lts temporary pooled ldle cash lnvestments und€r the prudent man rul€. This eflords the City a broad spectrum of investment opporturitl€s as longes the investment ls deem€d prud€nt and ls ellowable under curreht leglslation ofth€ State ofCalltornia (Gov€rnment Code Section 53500 etseq.) lnvestment may be made ln the followlnS m€dla:

1. United StatesTreasury Bllls, Eonds and Notes, orthoseforwhich the fullfalth and credlt ofthe Unlted States are pledSed for paymentof principaland interest. The City shallnot lnvest ln any Unlted States securltythat exceeds five-years of maturity,

2. Obligations ksued bythe United Stater Government Agencies such as, Securitaes issued and backed as to payment by one of the following Government Sponsored Entities (GS€t)
a) ted€ral Ferm Credlt Bank
b)ted€ral Hom€ Loan Eenk

3. Certiflcates of oeporlt (orTIme D.poslts) placed wlth commerclal banks andlor.avlnSs and loans.

4. NeSotiable Certificates of oeposil.

5. tocalAgencl lnv€stment Fund (Strte pool) Demand Deposlt.

6. Passbook SavlnSs Accounts.

7. county Pooled Fund5.

8. "NOW" Demand Depollts.

The City of Iaft will diversify its investments by securlty type and instllution. With the erceptlon of U-S. Treasury s€curitier end authorized pools, no more than 509{ ofthe entity's totalinvestment porttollo wlllbe lnvested ln a $n8l€ securitytype or with a sin8le flnanclalinstltutlon.lnvestment in derivatives is oot permitted.

Maturltles
Security purchases and holdinSs shal be malntalned wlthln statutory limits imposed bythe Government Code. C!rrent llmlls arel P€rmltt.d lnv.stn€nts/D.ooslt3 Thr$hold gq!O!E-!64C!iq
US Government Treasury Securlties
Certif icates of Deposlts
NeSotiable Certif lcates of Deposlt
LAIf
Passbook Deposits
county Pooled Funds
Unlimited
Unllmlted
30%
15MM..
50%
' Marimum term unless erpresdy authori.ed byGovernlns Bodyand within the prescrlbed lime fiame for said approval. " Limit 5et by LAIF GoverninB Board, nol Government Code. 25 CITY OF TAFT I FOR THE MONTH ENDED APRIL 30, 2026
Exhibit F - lnvestment Policy compliance Testing (Continued) Unaudited
The results of compliance tests with the City's investment policy are as follows:

Percentage/Amount Actual
Permitted lnvestments/Deposits Allowed Percentage/Amount Maximum
Maturity
Actual Maximum
Maturity Conclusion
*Us Government Treasury Securities
*Certificates of Deposits
* Negotiable Certificates of Deposit
LAIF
Passbook Deposits
County Pooled Funds
Unlimited
Unlimited
30%
15,000,000.00
500/o
L6.620/0
336%

38.88o/o
236,725.48

38.53o/o
o%
5 Years
5 Years
5 Years
N/A
N/e
N/A
5 Years
5 Years
5 Years
N/A
N/A
ln Compliance
ln Complia nce
Not in Compliance
ln Compliance
ln Compliance
ln Complia nce
*Additional support for maximum investment maturity can be found in "Chart of lnvestment Maturity Distribution - Original Purchase" on Page 9 and "Chart of lnvestment Maturity Distribution - Remaining Maturity" on Page 10 of this report.

Financial lnstitutions
Percentage of
lnvestments Allowed Actual Percentage Conclusion
Wells Fargo Advisors (WFA)
UBS Financial Services, lnc
United Security Bank (USB)
West America Bank (WAB)
Piper Sandler & Co.
s0.00%

50.oo%

50.o0%

50.oo%

50.o0%

26.OO%

12.880/.

38.35%

3.55%

16.62%
ln Compliance
ln Com pliance
ln Com pliance
ln Com pliance
ln Com pliance
Based on the above information, the City is not in compliance with its most recent investment policy adopted on lvlarch 3, 2026. Most of the City's current investments are negotiable certificates of deposit (38.88%) when this investment type can only account for 30% of the City's portfolio. The City has maintained compliance with regards to investment maturity and percentage of investments with financial institutions. 26 REVIEWED BY:

CITY CLERK: FINANCE DIRECTOR: CITY MANAGER:

City of Taft Agenda Report
DATE: SEPTEMBER 1, 2026
TO: HONORABLE MAYOR AND COUNCIL MEMBERS
AGENDA MATTER:

SPECIAL EVENT PERMIT AND WAIVER OF APPLICATION FEES FOR THE ST. MARY’S CATHOLIC CHURCH TO HOST A FESTIVAL ON THEIR PROPERTY ON SUNDAY, NOVEMBER 1, 2026 SUMMARY STATEMENT:

Staff received a Special Event Permit application and letters from the St. Mary’s Catholic Church, requesting to host a Festival on their property on Sunday, November 1, 2026. The festival is planned to start its setup at 6:00AM, with the event occurring from 10:30AM to 5:00PM. The event will include live music, games for children, food, and non-alcoholic drinks. The Church will utilize their own restrooms in the buildings and make them available to guests.

The Church will have personnel on site to assist with setting up vendors, maintenance, game areas, food vending, and the parking lot. The event is open to the public and everyone in the Taft community is welcome to attend. The Church is requesting the Special Event Permit fees be waived as this is a community event and to put funds and resources toward a successful event.

Conditions of approval:

1. All amplified music and sounds from the event shall end at 6:00 PM

2. The Church shall provide sufficient trash receptacles in the event area and shall remove all trash from the area on and around the property at the conclusion of the special event.

3. All Church approved retail vendors of the special event shall have a business license with the City of Taft. No retail vendor shall be issued a business license without being an authorized vendor by the Church.

4. The Church shall provide sufficient personnel to assist with the organization of the event for the vendors, maintenance, game areas, food areas, and with vehicles in the parking lot.

RECOMMENDED ACTION:

Motion to approve a resolution entitled A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TAFT APPROVING SPECIAL EVENT PERMIT NO. 2026-23 AND TO WAIVE APPLICATION FEES FOR ST.

MARY’S CATHOLIC CHURCH TO HOST A FESTIVAL ON THEIR PROPERTY ON SUNDAY, NOVEMBER 1, 2026 and find that the activity is not a project per the California Environmental Quality Act (CEQA) as set forth in Section 15061(b)(3) of the CEQA Guidelines.

IMPACT OF BUDGET (Y/N): N/A
ATTACHMENT (Y/N): Resolution, Special Event Application with letters, Event Maps PREPARED BY: Planning Department
RESOLUTION NO. ________

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TAFT
APPROVING SPECIAL EVENT PERMIT NO. 2026-23 AND TO WAIVE APPLICATION FEES FOR ST. MARY’S CATHOLIC CHURCH TO
HOST A FESTIVAL ON THEIR PROPERTY LOCATED AT 110 E.

WOODROW STREET ON SUNDAY, NOVEMBER 1, 2026
WHEREAS, the St. Mary’s Catholic Church has submitted a Special Event Permit application to host a Festival event on their property at 110 E. Woodrow Street on Sunday, November 1, 2026, from 10:30 AM to 5:00 PM; and
WHEREAS, the St. Mary’s Catholic Church requests that the special event permit fees be waived as this a community event that is open to the public and to put all funds and resources towards a successful event: and
WHEREAS, the St. Mary’s Catholic Church shall be responsible for providing personnel in charge of event activities, sufficient trash receptacles, and shall clean up all trash and debris at the conclusion of the event in and around their property; and ensure all retail vendors hold business licenses with the City of Taft; and
NOW, THEREFORE, BE IT RESOLVED, the Mayor and City Council of the City of Taft, California, approve the special event as follows:

SECTION 1. The City Council hereby makes the following Special Event findings:

1. The operation of the requested special event at the location proposed and within the time period specified will not jeopardize, endanger or otherwise constitute a menace to the public health, safety or general welfare.

2. The proposed site is adequate in size and shape to accommodate the special event without being materially detrimental to the use and enjoyment of other properties located adjacent to and in the vicinity of the site.

3. The proposed site is adequately served by streets or highways having sufficient width and improvements to accommodate the kind and quantity of traffic that the special event will or could reasonably be expected to generate.

4. Adequate temporary parking to accommodate vehicular traffic to be generated by the special event will be available either on site or at alternate locations acceptable to the planning and community development department.

5. All special event fees shall be waived as this is a community event open to the public with funds and resources directed to non-profit organizations.

SECTION 2. The City Council hereby approves Special Event Permit No. 2026-23 with the conditions of approval set forth in this resolution as follows:

1. The Special Event is approved for the following times:

Set-up: Sunday, November 1, 2026, at 6:00 AM
Resolution No. ______

Festival event time: Sunday, November 1, 2026, 10:30 AM to 5:00 PM End of event: Sunday, November 1, 2026, by 5:00 PM

2. All amplified music and sounds from the shall end at 6:00 PM

3. The Church shall provide sufficient trash receptacles in the event area and shall remove all trash from the area on and around the property at the conclusion of the special event.

4. All Church approved retail vendors of the special event shall have a business license with the City of Taft. No retail vendor shall be issued a business license without being an authorized vendor by the Church.

5. The Church shall provide sufficient personnel to assist with the organization of the event for the vendors, maintenance, game areas, food areas, and with vehicles in the parking lot.

PASSED, APPROVED, AND ADOPTED this 1st day of September, 2026 ________________________________
Dave Noerr, Mayor
ATTEST:
__________________________________
Faith Melton
City Clerk

STATE OF CALIFORNIA )

COUNTY OF KERN ) SS

CITY OF TAFT )
I, Faith Melton, City Clerk of the City of Taft, do hereby certify that the foregoing Resolution was duly and regularly adopted by the City Council of the City of Taft at a regular meeting thereof held on the 1st day of September 2026, by the following vote:

AYES: COUNCIL MEMBERS:

NOES: COUNCIL MEMBERS:

ABSENT: COUNCIL MEMBERS:

ABSTAIN: COUNCIL MEMBERS:
__________________________________
Faith Melton
City Clerk
City of Taft I California
Treasurer's Report
For the Month Ended May 31, 2026
Prepared By:

Finance Department
( , Foc
CITY OF TAFT I FOR THE MONTH ENDED May 31, 2026
Treasurer's Report
Unaudited

TABLE OF CONTENTS
Cash and lnvestment Analysis - Key Highlights
PAGE
1 Cash and lnvestment schedules and Charts
Chart of lnvestment Maturity Distribution - Original Purchase 10 Chart of lnvestment Maturity Distribution - Remaining Maturity ..........11 Exhibits -Trend Analysis 72
Exhibit A - lnvestment Trend 13
Exhibit E - Month-to-Month change 22
Exhibit F - Investment Policy Compliance Testing 25
3 Bank Reconciliation - Unrestricted Cash Accounts................... ....................4 Bank Reconciliation - Restricted Cash Accounts 5
Schedule of Cash and lnvestments 6
Schedule of lnterest Earned 8
CITY OF TAFT I FOR THE MONTH ENDED May 31, 2026
Treasurer's lnvestment Analysis - Key Highlights
Unaudited
Treasurer's Report Analysis - Highlights
The following bullet points summarize the most significant financial results, trends, and variances for the reporting period:

As of May 31, 2026, the City is not in compliance with its investment policy. The CiVs investment portfolio includes negotiable certificates of deposit (37.29%) when the limit on this type of investment is 30%. The investments are held in the City's Wells Fargo Advisors Certificate of Deposits account and UBS Financial Services account.

The City has 40.77% of its funds with United Security Bank. While below the 50% threshold listed in the City's investment policy, the City should look to spread these funds out across other financial institutions.

The City's cash and investment balances experienced an overall increase from July 2025 to May 2026 (Exhibit E -

The City's United Security Bank checking account had a deficit of 5234,420.71 in October 2025. This was attributed to outstanding checks of over 5700,000 (Exhibit E - Page 21). The deficit has since been corrected This account also increased by S2,317,729.27 from March 2026 to April 2026 (Exhibit E - Page 21). Thas is attributed to the receipt of previously withheld TDA funding for fiscal years 2021 and 2022.

Some of the City's investment accounts have been omitted from Exhibit D, pages 20 and 21. This section was added at the request of the Finance Committee in February 2026. After calculating the ROI over several periods, we determined that this metric is not suitable for some ofthe City's investment accounts. These omitted accounts are tailored towards liquidity of funds over those held for long-term investment, resulting in volatility with investment balances.

As of May 31, 2026, the City's bank statements have been fully reconciled to the general ledger. we acknowledge City staff for their support in providing the documentation necessary to complete this analysis The United Security Bank balance of 53,521,021.18 represents the largest share (37.51%) of operating cash and investments compared to other financial institutions.

The PARS balance of 52,076,0&.20 represents the largest share 176.42oAl of rcstricted cash and investments relative to other institutions holding restricted funds.

The "lnvestment Trend Analysis as of May 31, 2026" (Exhibit A - Page 12) indicates that total investments have gradually declined over the past 12 months.
lnterest rates increased sharply in 2023, followed by a gradual decline that continued through March 2026. ln April 2026 interest rates began to rise, which has continued through May 2026. 1 CITY OF TAFT I fOR THE MOI{TH ENDED FEBRUARY 28, 2026 Treasurer's Report
Unaudited
LAIF interest rates increased from February 2022 to August 2024, followed by a gradual decline that continued through May 2026.

Variations in returns across 3-month, 5-month, and 12-month intervals are primarily driven by cash flow f luctuations affecting investment balances.

CITY OF TAFT I FOR THE MONTH ENDED May 31, 2025
Treasurer's Report
Unaudited
Cash and lnvestment
Schedules and Charts
3 EI
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CITY OF TAFT I FOR THE MONTH ENDED May 31, 2026
Schedule of Cash and lnvestments
Unaudited
Pooled oeelSnated and Operarln8
ca3h & lnvstm€ntr: oa!€
360 D.yr 365 Day.

Equlval.nt Equlvrlont
of
Operatidg cash & lnvertmentr
009.@t@
m9{0r02
m9-00101
009-00103
009-00104
009t0114
009{0115
Pasibooldchec*ln8 Account!
wen Am. c. &nt (WAO)
Unlt€d S.cullty Sanl (US8)
Lo..laSency hv.nm:nt Funds (A)
C..tlllc.t. of O.poilt
Unit.d S..unty Eank IUSB)
lnv.stm.nt - U,S, Gov.rnmlnt 5lcuritl6
PlperS.ndl.l & Co,
welli tar8o Advliors lwFA)
U BS fln.nclai 5!rylc!r, tnc
Yot lOp.r.tl,|i C.rh & lnv.rtD.nlr
I 322,119.59 I 322,119.s9 1.43%

3.26%
3,521,021.18
216,725-8A

37.51%

7.52x

0.00x
!.76%

0.00%
!,87%
a.a2%
o.o2%

8.19%
o.o2%
o.o2%

0.03%

3.19%
3 19%
306,098.67 306,098.67
1,500,326,87
2,13\,274.39
|,170,774.O1
1,500,326.87
2,331,218.35
1,t70,774.07

15.98%

24.43%

72.46&
Sec PaSe 8
5€e Pa8e 8

5.r Page 8

4.08%
3,35'{

3.15%

4.14%

3.Wr

3.1996
s 9,387,684.61 s 9,387,684.61 100.00%
ftesrl.ted cash & lnv$tments
010-00102
053-00100
054-00100
062-00103
070-00102
071'00102
071-00104
Publk Agency Retlr€ment SErvlcei (PARS)
Restrlcted caih' lnmate Welfare Fund
Resvi.ted carh - lnh.te Trurt Fund
R$tnded Cash - |CTOP-8US PASSES
R$t ctEd Ca3h - COP USoA (WFA Acct 03385)
Monl.sTo Hold Acc! Opln rrom Fund 71{WFA Acct fl3386)
RestndedCash"WWIPConnructlon (wFAAcctrE423)
Totll R!3trl.t d c.3h & lnv.3tm.rtt

2.076,064.20
124,388.50
256,600.55
72,006.49
(2,649.94)
10,026.83
180,308.98

16.42%

4.58%
9,45%

2.65%
-0.10%

0.31%

6.64%
8,08%
o.o2%
o.o2%
o,o2%

3.15%

3.15%
5 2,076,0U.20
124,3E8.50
255,500.55
72,006,49
'7,649.94)
10,025.83
@!1. s 2,7t5,745.57 100.00%
Thli repon h prEented pl]rsuant to the Clty of Taft! lnv€stmcnt Pollcy whlch was revlsed by lhe Taft CIty Councllat lts reSularly srh€dul€d meetlng ol March 2025. Therc are rufflcl.nt lun&to me€t th€ next 6 months' obllSallons.

Grand TotalC.rh & rnvoitments 9 12,t04,4t0.22 $ 12,104,430.22 (A) Ar allowed bv Califohia Govemhent CodE Se.tion 53646(e), attached Exhlblt D & txhlbft E provider th. agency current narket value ,! of the repon]ns date, Mav 31,2025.
5 3,521,021.18
235,72s.88

0.02%

0.02%
CITY OF TAFT I FOR THE MONTH ENDED May 3X, 2026
Schedule of Receipts and Disbursements
Unaudited
5/1l2026 Rc.elpti DlsbuRements tnterertP.ld Galn/lG! lout) As ol
513112026
Pool.d ooantlnr c$h & lnv.3tnr.nts:

Passbooly'checlins Account - w.st Amerlca
checkhS Account.United Secu ty 6anl
cetilicate Of Deposivunited Security Sanl
Loc.l A8ency lnvestment Fund
lnvestment-U.S. Governm.nt S€curitie!
Csrtificat. Ol Dcposir/Welk farto AdvkoR
Cenlficate Of Deposlt/Ugs Flnanclal Servlces lnc.

Total Poolcrl op€?.lln3 carh a lav..tm.nts
5 322,155.28 S -
3,176,594.99 2,693,023,70
305,344.87
236,725.44
1,509,375.00
2,350,433.37
1,759,242.47
s 9,079,881.86 S 2,693,023.70
!ci!r!4ecg$-c!v!aEEE
Public ABency Retlrement serui.es (PARs)
Escrow Accou nt'CDfW
LCIOP-B'rs Passes
2019 Rev. Refunding Eond - Us Bank
welh fartoAdviro6 -WWTP Conrtructlon lwFAAc.t {8423)
'wells FartoAdvisorr - COP USDA IWFAAcct #3385)
'MonlesTo Hold Acct {70)From fO 71(WFAAcct fl3385)
Total R$trlct.d c.sh & lnvertmenc
s (so.ss) 9
(2,348,s97.51)

5.26 S
753.80
(30,000.00)
322,r19.59 S
3,521,021.18
306,098.57
236,725.88
r,s00,326.87
2,331,218.35
1,770,t74.O7

5.25 753 80
5 4.542.70
(9,048.13)
17,757.72l,
514.89
8,542.70
316.71
@39) s 9,518.47 !_iry,) @
s 1992.22) 5 32,L4!.2r I
(9,038.s3)
s 9,387,684.61 I 9,518.47
s 2,044,915.21 s
113,973.69
202,asz.47
10,414.81
52,786.61
I 2,076,064.20 S
124,388.s0
256,500,55
s 32,!47.27
12,406.49
179,792.26
57,324.97
10,026.83
!-: ,5 11,rc1.4r,
s tt,l 7 0,773.78 I 2,1 66,22r.72
(100,328.75)
gry-_
9 (2,459,007.96J I 42,630.24 5 {16,190.95)
180,308.98
12,649.94!,
r0,025,83
s16.72
353.84
72,006.49
515.72
353.84 30,000.00
!-:0,00099
9 30,o0o.oo
@,
!a@:3
s 2,715,745.6t
s (30,000.00) I 12,104,430.22
7 5
Grand Totalcash & lnvestmenti
clTY oF TAFT I FOR THE MONTH ENDED May 31, 2025
Schedule of lnterest Earned
Unaudited
lnterest earned during the current month ended May 31, 2026 are as followsi Pooled Cash & lnvestments Monthly Quarterly Semi-Annual Anhual Total West America
United Security Bank
Local Agency lnvestment Fund
Piper Sandler & Co.

Wells Fargo Advisors
UBS FinancialServices
Restricted Cash & lnvestments
s s.26 s
753.80
8,542,70
3L6.77
870.56

5.26 753.80
8,542.70
3$.7r
870.55
s s s
Total lnterest Earned lor the Month Ending 5/31/2026 S 10,489,03 S Quarterly interest earning is as follows:

Pooled Cash & lnvestments
West America
United Security Bank
Local Agency lnvestment Fund
Piper Sandler & Co.
wells Fa rgo Advisors
UBS Financial Services
Restricted Cash & lnvestments
Total Unrestriced Cash & lnvestments (Excludlng LAIF)
Total Pooled Cash & lnvestment lnterest Earnings
quaner Ending
9l30l2025
22,968.97
10,195.39
22,747.58
4,784.94
s 5 s 10,489,03
quarter Ending
Lzl3u2O2s
quarter Ending
313712025
Month Ending
sl3tl2026
Fiscal
Year to Date
s 1s.14 s
2,879.62
6,2L2.40
7 893.48

3.10 s
2,550.22
6,269.85
9,375.00
21,374."79
14,694.40
2,764.84

7.63 s
2,254.90
4,207.72
2 356.88

9.90 s
7,530.77
2,294.66
9,375.00
72,495.74
2,827.94
1 404.35

35.17 9,155.51
18,978.03
18,750.00
79,527 .05
32,502.67
7,833.ss
S 37,892.54 s s0,166.3s s 32,201.93 s 27,643.74 $ 747,904.s6 s 44,104.94 s s6,435.20 s 36,403.0s s 29,938.40 s 166,882.s9 8 clTY oF TAFT I FoR THE MONTH ENDED May 31, 2026
Schedule of lnvestment Composition
Unaudited
Bank
Settlement
Date
Market
Value Of CD
lnterest
Cost Of CD Rate Term
lnterest Earned
ln FiscalYear
lnterest
Pays
51612026 S 1,500,000.00 S 1,500,326.87 4.r4% 5 Years 4l29l2o3l S Wells Fa'to Advlsors lnvestments
Goldman Sachs BK USA C0
New Valley Bank
Eaglemark Svgs BK
CapitalOne BK lvlcLean VA
Dlscover Greenwood
Comenity Bank wilmingtn
FFB Bank CD
Hiawatha Natl Bank CD
CFG Bank/Md CCD
MorSan Stanley 8K NA CD
Sallie Mae Bank/Salt CD
UBS Bank USA CD
Great Midwest BK SSB CD
lP lvlorgan Chase BK NA cD
JP Morgan Chase BK Columbus
Total Wells Fargo Advirors
UBS Financlal Services
Freedom First Fed VA US
Goldman sachs
Safra Natl BK
Bank United NA Flor
Goldman Sachs Bank NY
Morgan Stanley BK UT
Morgan Stanley Prv NY
Sallie Mae Bank UT
Total UgS Financial Services
5 2,339,242.00 S 2,3O9,227.OO
s 1,1ss,400.00 s 7,147,O2t.07
5 4,9s6,s74.94
100,000.00
100,000.00
100,000.00
199,400.00
125,000.00
120,000.00
200,000.00
211,000.00
99,987.00
99,346.00
99,890.00
L97,262.00
125,247 .50
119,349.60
198,258.00
207,680.97
l Year
5 Years
l Year
5 Years
2 Years
2 Years
3 Years
5 Years
9/2912027
3/3/2022
319/2022
s/412022
6/712022
6/B/2022
t7125/2024
t0/2812024
1012212O2s
t2/8/2O2s
7/7 /2026
7/712026
Ll20l2026
1lL6/2026
4/28/2026
9/78/202s
8/9/2021
th8/202s
L2l14/2O2L
3/41202s
L0l2/2O2s
t2/1712O2s
12/75/2O2s
200,000.00
169,242.O0
100,000.00
250,000,00
20,000.00
200,000,00
210.000.00
45,000.00
75,000.00
100,000.00
250,000.00
2s0,000.00
250,000,00
120,000.00
100,000.00
198,028.00
167,L7 4.60
98,462.00
247,155.00
19,826.00
197 ,7 45.60
209,985.30
44,996.40
73,906.50
98,680.00
244,961.50
244,937.50
244,515.00
rLa,257.60
99,990.00
912912026
2/2s/2027
3/912027
s/4/2027
6/712027
6/t412027
3/27 /2029
L012612029
70131/2030
72l17l2O3o
r/14/2c3r
rl14l2037
7/221203!
3/20/2c3r
4/2812037
6/2412026
811812026
9/23/2026
72/812026
3/Lr12027
7018/2027
721612028
12/L712030
Semi-Annually
Semi-Annually
Monthly
Semi-Annually
Semi-Annually
Semi-Annually
Monthly
Monthly
Monthly
Semi-Annually
Semi-Annually
Semi-Annually
Monthly
Monthly
Semi-Annually
Semi-Annually
Monthly
Semi-Annually
Annual
Quarterly
Semi-Annually
Semi-Annually
Semi-Annually
Semi'Annually

1.06%
L.72%
2,03%
3,07%
3,r7%
3,18%

4.30%

4.35%

4.05%

4.10%

3.82%

3.42%

3.93%

4.10/o

4.27yo
5 Years
5 Years
5 Years
5 Years
5 Yea rs
5 Years
5 Years
5 Years
5 Years
5 Years
5 Years
5 Years
5 Years
5 Years
5 Years
2,100.00
2,644.52
2,000.00
7,625.00
315.86
5,764.95
9,516.52
r,?9L.22
1,495.89
3,082.19
3,164.40
2,847.95
1,000.00

1.353.70
5,375.00
2,184.00
!:-13499
s 52,267.27
9 5 4,994,642.00
Maturity
Date
US Govemment Secu tles
Federal Home LN ENKS

3.85%

7.07%

3.70%

1.37%

4.29%

3.67%

3."17%

3.48%
S 39,so0.55
Total lnvestments and lnterest Earned
CITY OF TAFT I FOR THE MONTH ENDED MAY 31, 2026
Chart of lnvestment Maturity Distribution - Original Purchase Unaudited
- Original Purchase
Portfolio/Benchmark
US Treasuries
Certificates of Deposits
0-1
Years

0.00%
s.72%
t-2
Years

0.00%

7.OL%
2-3
Years
o.ooo/.

5.72%
3-4
Years

0.00%

0.00%
4-5
Years
100.00%

87.540/0
>5
Years
o.ooo/"

0.00%

10.oovo
100.00%

90.40%

80.00%

60.00%

50.00%

30.00%
20-oa%

10.00%
a
E
E
c
.9
o
E
I US Treasuries
a Certificates of Deposits 40 00%
I
2'3 3-4
Tlme to Maturlty (Years)
o.oo%
0-1 7-2
10 4-5 >5
Maturity
CITY OF TAFT I FOR THE MONTH ENDED May 3I, 2026
Chart of lnvestment lvlaturity Distribution - Remaining tMaturity Unaudited
Maturity Distribution - Remaining Maturity
Portfolio/Benchmark
US Treasuries
Certificates of Deposits
0-1
Years
o.oo%

38.45r/o
t-2
Years

0.oo%

9.73%
2-3
Years
o.00%

77.73%
3-4
Years
0,00%

7.29%
4-5
Yea15
7OO.OOo/o

38.80%
>5
Years
o.oo%
o.oo%
o.oa%
100.00%
90 04,t,
,10.00%

60.00!/,

50.002,

10.00%
a US Trcas!ri6
r Ccrtlflcateg of Deposits

40.0 0.0

20.00%
07o
v/"
I
2-3
Time to Maturity (Years)
o-ao%
0"1 t-2
11 >5
E
;
E
CITY OF TAFT I FOR THE MONTH ENDED May 31, 2026
Treasurer's Report
Unaudited
Exhibits
Trend Analysis
72 CITY OF TAFT I FOR THE MONTH ENDED May 31, 2025
Exhibit A - lnvestment Trend
Unaudited
Balance As of
s/3tl2o2s
Balance As of
8l3Ll202s
Balance As of
ttl30l2O2s
Balance As of
212812026
Balance As of
slsL/2026
changes
Unrestricted lnvestments lnc (dec)
Certificates of Deposits - United Security Bank
Local Agency lnvestment Fund
lnvestments-U.S. Government Securities
Piper Sandler & co.

Certificates of Deposits - Wells Fargo Advisors
Certificates of Deposits - UBS Financial Services
Total Unrestricted lnvestments
Restrlcted lnvestments
Public Agency Retirement Services (PARS)
Wells Fargo Advisors - WWTP Construction
Wells Fargo Advisors - COP USDA
Total Restricted lnvestments
Total lnvestments
s 29s,974.23 s 298,784.89 s 301,s05.s7 s 303,867.82 s 306,098.67 s 567,747.85 573,960.25 230,230.10 234,43L.22 236,72s.88
1,459,875.00 1,473,79s.O0 1,484,910.00 1,494,165.00 1,500,326.87 10,1,24.44
(331,021.97)
40,4s7.87
2,96t,7 47 .78
1,391,228.98
3,000,559.13
1,149,633.01
2,334,6s8.76
1,154,808.11
2,355,579.01
1,163,954.69
2,33L,2l8.35
7,770,17 4.07
(530,s29.43)
(227,0s4.97],
5 6,676,573.84 S 6,496,732.28 S s,s05,113.s4 S s,ss1,997.74 S s,s44,s43.84 S(1,132,030.00) 5 L,864,s78.28
773,486.43
2,459.26
5 7,94L,727.47
175,295.16
2,566.03
s 7,999,249.60
t77,075.83
76,513.67
s 2,0s1,s49.39
178,774.7L
76,733.6L
5 2,076,054.20 S
180,308.98
7 ,376.89
2t7,485.92
6,822.55
4,977.63
s 2,040,s23.97 s 2,119,582.60 s 2,252,839.10 5 2,307,Os7 .77 5 2,263,7soi7 5 223,226.70 13 ,_9t L? 1_.81 s 8,516,414.88 |ltEE!! t_ZEI94!Et t_2499!981 t_199!491€E CITY OF TAFT I FOR THE MONTH ENDED May 31, 2025
Exhibit B - Balance Trends
Unaudited
Comparison of Unrestricted Cash and lnvestment Balances from May 2025 to May 2025
s2,000,
S1,soo,
E
s3,s00,000
s3,000,000
S2,5oo,ooo
000
000
ss00,000
I
-Certificates
of Deposits - Uniled Security Eank
-Local
Agency Inve6tment Fuhd
-lnvestments"U,S.

Government Securities
-Ce.tificates
of Deposits - Welk FarBo Advisoc
-Ce.tlf
icates of Deposits - UBS Flrancral Servrces
$1,000,000
s/3t/2025 8/31/2A2s 11/30/2025
Date
2/28/2026 s/3112026
74 -g! i
2U.g
i<.vEri
g
ii.^6!t
6==!E s: Eis
'a6aF'; cs55e
8 CUfr E
EE"i ;8
ooJtio

9.9E<.9
EEE.9E talaa
OJ c(!
t! 6Eo
lJ(O <d+,o CNo>Fio u>99Srn
-Ngx.9>r-l! ;t0J_
59oco=o
CLEo(J
a
8 (S) runouV
@or\l o
OE29. lll :
zoo!4
=. '.J P
FL:

G,'- OHrc
Fii
( trc I -3 o.:r >=;
=ic U lli l
Clry OF TAFT I FOR THE MONTH ENDED May 31, 2026
Exhibit B - Balance Trends (Continued)
Unaudited
Comparison of Restricted Cash and lnvestment Balances
from May 2025 to May 2026
E
$2,s00000
s2,000,000
s1,s00,000
s1,000,000
$s00,000
-Publk
A8ency Rethement Servlces {PARS)
-Well!
raBo Adyisors 'WWTP Conrtruction
-Wells
FarsoAdvisors ' COP USDA
$-
5/37/2025 813712A25 7713012025
Date
2/28/2026 5/3Ll2A26
16 clw oF TAFT I fOR THE MONTH ENDED May 31, 2026
Exhibit B - Balance Trends (Continued)
Unaudited
51,500, 000
s2,500,000
52,000,000
s1,000,000
9500,000

5. Composition of Restricted lnvestment Account Balances from May 2025 to May 2026
ttlso/2o2s
O.t.
a Wells FarSo Advlsors - COP USDA
t Wells Fa r8o Advlso6 - WWTP Co6truction
. PubllcAScnq R€tirernent Servlces IPARS)
E
s/37/2025 8l3rl2025 212812026 31312026
77 I
CIW OF TAFT I FOR THE MONTH ENDED May 31, 2025
Exhibit C- lnterest Rate Trends (Continued)
Unaudited
Comparison of tDlC Monthly NationalYields
fromluly 2021toMay2026
t
^.9;$$$$$SSSS"$'S..*t$$$$gt"{$$$S$$$$$S$$'.""t$.
18 CITY OF TAFT I FOR THE MONTH ENDED May 31, 2025
Exhibit C- lnterest Rate Trends (Continued)
Unaudited
comparison of LAIF MonthlyYields
IromApril 2021to May2025
;
I
$
19 CIW OF TAFT I FOR THE MONTH ENDED May 31, 2025
Exhibit D- Return on lnvestment Analysis
Unaudited
Return
3-Month Yi€ld
Return
5-Month Yield
Return
12-Month Yield
Unrestricted lnvestments
Certificates of Deposits - United Security Bank
lnvestments-U.S. Government Securities
Piper Sandler & Co.

Restricted lnvestments
Public Agency Retirement Services (PARS)
Wells Fargo Advisors - WWTP Construction

0.73%
0,47Yo

7.L9%

0.86%

7.52%

7.04%

3.84%

7.83%

3.42%

2.77%
tl34%

3.93%o
We have omitted the following investment accounts from the Return-on-lnvestment Analysis:

Local Agency lnvestment Fund
certificates of Deposit - Wells Fargo
Certificates of Deposit - UBs Financial Services
Wells Fargo Advisors - COP USDA
Due to balance fluctuations, the ROI percentages are not suitable for these investment accounts. Please see Page L for further explanation 20 CITY OF TAFT I FOR THE MONTH ENDED May 3X, 2026
Exhibit D- Return on lnvestment Analysis (Continued)
Unaudited
60,(,
12%
rc%
8%
2%
a%
Certificates of Deposits - United
Security Bank
lnvestments-1,,S, Government
Securities
Public Agency Retirement services
(PARS)
We s Fargo Advhors - WWTP
r Return 3-Month Yield r Return 6'Month Yield I Return 12-Month Yield 27 CITY OF TAFT I FOR THE MONTH ENDED May 31, 2026
Exhibit E - Month-to-Month Change
Unaudited
s.l.n..Asol B.l.nc.Aso, B.l.n..Arot B.l...eA!o, 3.1...e4!ol s.laneArot B.l.n4Arol Brli...A.ol Bara..oAso, trlan..Asof ad.n..Arof MonrhlvChrhs. Ov.ErtCha.s. llat/202s alr!2o25 sl3,l2ors tol3tl202s ttlrol2025 t2lttl2175 tlttl2026 ,12312025 313V2o26 413012026 t/31/2026 l..lo€c) r..lo..) Unreilnded carh & lnvenmena
P.$book/checkit ac.ounti
W.stAm..l.a Bank (W B)
Unked S..urlty E ik(usB)
ce fl.ates ofoeposh! - unlted s..u tvB.nk
Lo.rl Agen.y rhven m. nl Fu.d
nv6tmenrs-u.s, 60v.nm.nt s..u u.s
Ce^0.ate. oloeport! - Welk FrrSo
Ce^ifictt.sof oeror$ - UaS rhan.lalSeryi.e!
fotll u.r6rrldd clrh & rnv.tt .nt.
s 391,913,92 S 446,77t43 S 44,t05.14 S 31,0173r I 3r,33064 t $,911.27 9 r2e,s0371 5 166,217.69 S 202,651.17 S 322,165.23 i 322,119.19 9 (4s69) S (70/739.33) 214,t31.22
353,365,72 2,666,257,63
2,990,53201 1,404,519.\'3 4,017,112,12 2,122,213.64 2,!14,6t376 2,342,313.41 2,350,333.34 2,3s5,579.01 2,331,213.35 1,,{0?,140,04 1,149,53}.01 11154'15\44 \\52'740,71 1'154'30311 1'159'032.52 1'151'231.93 1'163'954.59 1'161'9A6,2! 1'159't42,47 1'r7A'114,a1 5 7,r7s,33s.6' 5 7,ee3,170.7' I7,ss1,114.10 t 6,033,70766 S 6,117,31121 5 6,6es,6e3.79 5 6,47e,e4s.73 5 6,3ss,730.r9 I5,613,041.33 5 9,079,331.35 5 s,337,634.6r l29,Ztt.02l
931.50 (231,96997)
n.* .r.d c.sh a rntBtn.ntl
Pubnc A$nc-y Renreh.^r s.rvrce! (eAR5)
w.lh Fa.ro Advrsor . wwTP con{rud on
Wellr F..goAdvkou - CoP Usoa
R.X d.d cash- lnmateweture tund
Resr d.d c.sh - LcroP-BUs PAssEs
lotal l€lt .r.d c.sh & hwn ert3
s 1,912,560.54 9 1,941,721.41 s 1,973,37130 5 1,991,373.92 5 1,999,249.50 I 1,999,343.7s t14,681.66 111,293.16 175,907.32 176,490.44 177,4fi.$ t11,62a.9t 2,666.03 2,566.03 2,691.99 2,691,99 76,3r3.6J 16,?33,61 s7,177,4t 63,452,t9 59,306.10 73,353,07 79,t07,44 92,930,61 33,070.30 107,s53.26 135,30r.59 12t,132-65 175,410.44 1s1,730.50 1\,9s2.46 11,952.46 7r,170.60 71,970.60 1r,970.60 7t,9A8,74 s 2,302,310,90 5 2,362,645,51 S 2,429,051,00 S 2,433,617,67 I 2,530,427,53 S 2,670,406,16 s 2,051,t49,39 91,936,292,64 5 2,044,91S,21
774,774,71 119,754,47 t79,n/26
75,733.61 77,351.30 77,351.30
100,716.60 107,350,03 113,973.69
311,059,73 140,653,31 242,452,47
72,1)06 49
I 2,790,322.83 S 2,563,413,24 S 2,690,391,92
12,006 49
t71,529.7'
t 2,1\6,J45,67 t 25,3s3.69 S 413,93471
s 10,232,700.52 9 10,35s,315.30 5 e,e30,175.10 S 3,522,32s.3' 3 3,3s7,7e3.31 S e,365,0ee.es I I 9,646,m3.22 t 9,131,460,11 5 1r,770,773,rt 512,104,430.2' 5 333,656,44 31,021,719,70 22 CITY OF TAFT I FOR THE MONTH ENDED May 31, 2026
Exhibit E - Month-to-Month Change (Continued)
Unaudited
lllustration of Unrestricted Cash & lnvestment Balances from July 2025 to May 2026
-
w!3t Am€dca B6nr {waB)
-
Unted Seculty Ban* (USB)
-Cenlllc.t€s
of DeposlB - Un h.d sarudty gank
-Loc.l
A8.ncy Inv€srmem Fund
-lnv.tments-u.s.

Golem €nt Se.urlties
-Piper
Sandl€r & Co.
-Certilicales
of D€poslts - \ rtslls Frgo
-C€rtfl.at
sof Dcpoits - U85 Fin.ncial}rylces
s4,000,000
93,5m,000
s3,000,000
52,5m,000
s2,0@,000
s$00,m0
s1,0o0,om
s500,000
3 E
st{5oo,ooo)
23 ^9 ^9 ^9 ^9 ^9 ^, ^6 ^.o ^6 ^ro ^ro ..ro, ..!o, .1o, ..ro' 1s" .!o" ,.rs' ."ro, ^d' ret' "et' ,"ot' "-tt- apt' .f$' *,*' rd' "d' "d'
Drta
CITY OF TAFT I FOR THE MONTH ENDED MAY 31, 2025
Exhibit E - Month-to-Month Change (Continued)
unaudited
lllustration of Restricted Cash & lnvestment Balances
from July 2025 to May 2026
-Publt
A8ency Retnemnl seryicer (PAiS)
-Wells
Fargo Advisors . WWIPConrtrudioi
-Wellt
FarSo AdvisoB COP USoA
-fi€stricted
Cash - lnmate wdfar. Flnd
-nGri.iod
Cash - lnm,te Trurt Flnd
-fi
c.rricred cdh, LfioP.8us PAssEs
1,5@,0@
s2,500,000
52,000,000
s1,000,000
tsm,000
.!
E
G
s-
-.P -f ,n rt .50 .69 ,rO" -,!6 :16 .ra6 ^a6 C -d" "pg ,"-" *ft .p* +tu- dpd'" r"'J" ,es' ^t" Dtta 24 CITY OF TAFT I FOR THE MONTH ENDED May 31, 2025
Exhibit F - lnvestment Policy Compliance Testing
Unaudited
Testing the current investment portfolio ensures the City remains in compliance with its adopted policy. The following is an excerpt from the City's most recent investment policy adopted on March 3, 2026:

Obl..ilv.t
Th. Clty striv.3 to malntai. the levelof i.v.etm..t ofallldle tu.dr ar n€ar 100% !s porslble, lhrouth the optlmum op.ratlon ol its caih manaSem.nt syrten whi.h is den8n.t.d to accuntely monltor and forecael expendltures and revenu€r. ldvarthant lnitruhent5
The cltv ol Taft operat4 its tempora.y pooled ldle 6rh i.vertments unde. the prudent man rule, This afford3 the CIty. broad spectrum ol hverrment opponunitl€s ar lon8a3 the inv$tm€nt is d.em.d prud..t and i6 allowabl€ under cu(.nl l.tislation of the State olCalllornia {Gov.rnment code S.ction s3600 et 3eq.) l.E5tm.nt maybe nade in th. lollowlng media I

1. U.ired statetTrea3lry Bill3, Bondi and Not$, or tho5€ for whi.h th. tullfanh and edat ol th. Unlted states ar€ pledSed for paymenr of principaland lnt...tl. The City shall not l.v.st ln !.y Unlt.d Si.tesse.u.hy th.t er.eeds llve-yea,s of matorlty.

2. Obll8atlons lssued by the U nited Stales Government fuencles ruch as, se€urllles lssued and backed as to paymenl hy one ot the followlns covehment Spon3ored Entitles (GSEi)
a) FederalF.m c.€dlt sank
b) Federel Hom. toan &nk

3. Cerdtlcat$ ot D€poslt lor Tlm. O.pod6l plac€d wlth commerclal ba.h and/or ravingi and loant.

4. ll.!otl.bl. Certiliclt s of D.poslt.

5. Local&ency hvestment Fund (srat. Pool)D€mand Deporlt. 6, P.ssbool Savhgi Account!,

7. Cou.w Pooled Funds,
8, 'NOW" Demand Deposlt'.

The CitV ofTaft willdivecify itr investmerlt by recurlty type and institution, With the exception of U.5. Treasu.ys€c!.ities a.d authorned pook, no more thah 50% ofthe entltv's totalinvestmef ponfollowlllbe lnvested ln a ringle s.cully type or wfh a slnde fn.^clal lnstltullon, lnverthent in derivativei ir rot permitied.

M.turlilrr
sec!ilypu.chas.sand holdin8s shallbe mai.tain.d within statulorylimiB impo3ed by th. Gowrnment Code. Cutre.t llmitt are P.rmltt.d hv6tm.nt /D.ooelB rhr.ihold Mlxlmum Marudtv
Us Govemment Treasurv SecuntE3
C..tlfldtes of Deposits
N.Sotlabl. Ceftinc.te! of O.po.it 3096
50%
'Matimumiermulelsexp.esslyauthoriuedbyGderningBody.ndwilhinrhepret.ribedtimetrametorsaidapproval. " Limlt set by lAlF Govern ln8 8oard, not Governrnent Code. 25 CITY OF TAFT I FOR THE MONTH ENDED May 31, 2025
Exhibit F - lnvestment Policy Compliance Testing (Continued) Unaudited
The results of compliance tests with the city's investment policy are as follows:

Percentate/Amount Actual
Permitted lnvestments/Deposits Allowed Percentage/Amount Maximum
Maturity
Actual Maximum
Maturity Conclusion
*US Government Treasury Securities
*Certificates of Deposits
* Negotiable Certificates of Deposit
LAIF
Passbook Deposits
County Pooled Funds
Unlimited
Unlimited
30%
15,000,000.00
50%
t5€8%

3.26%
37 .29%
216,725.88
4034%
0%
5 Years
5 Years
5 Years
5 Years
5 Years
5 Years
N/A
ln Compliance
ln Compliance
Not in Compliance
ln Compliance
ln Compliance
ln Compliance
*Additional support for maximum investment maturity can be found in "Chart of lnvestment Maturity Distribution - Original Purchase" on Page 9 and "Chart of lnvestment Maturity Distribution - RemaininB Maturity" on Page 10 of this report.

Financial lnstitutions
Percentage of
lnvestments Allowed Actual Percentage Conclusion
Wells Fargo Advisors (WFA)
UBS Financial Services, lnc
United Security Bank (USB)
West America Bank (WAB)
Piper Sandler & Co.
s0.00%

50.00%

50.00%

50.00%

50.ooo/o

24.83%
1,2.460/o

40.77%

3.43%

15.98%
ln Compliance
ln Compliance
ln Compliance
ln Compliance
ln Compliance
Based on the above information, the city is not in compliance with its most recent investment policy adopted on March 3, 2026. The portion of the City's current investments comprised of negotiable certificates of deposit make up 37.29% of the City's portfolio when limit on this investment type is 30%. The City has maintained compliance with regards to investment maturity and percentage of investments with financial institutions but has 40.77% of funds with United Security Bank. 26 Planning and Development Services Department
209 E. Kern Street, Taft, CA 93268
Phone: (661) 763-1222 Fax: (661) 765-2480
Email: [email protected]
www.cityoftaft.org
26 APPLICATION FOR SPECIAL EVENT PERMIT
Application No: 2026-23______ Date Received: 08/11/26__ Paid $ __ _ Receipt No: Received by: NLS______
In order to expedite processing of this Special Event Permit Application, and to eliminate unnecessary delays to the applicant, Planning Staff will not accept this application unless all items have been checked offand this application form has been signed and dated. In addition, all information is to be submitted in a neat and legible format and all drawings are to be drawn to scale. In the event errors or omissions are discovered, the application will be deemed incomplete and will be returned to the applicant for revision.

APPLICATION IS HEREBY MADE TO THE PLANNING DEPARTMENT THAT:

Property Owner (attach sheet if more than one property owner) Name: _Diocese __of _Fresno __________Phone No.: _(559) __488_-7400______ Address: 1550 North Fresno St. Cell No.: ___________
City: Fresno State:

California Z 1
.
p:
93703 --------
Applicant (attach sheet if more than one applicant)
N ame: __
Rosalba ___Romo ____________ Phone No.:
(661) ___
577-2924 ____ _
Add ress:
110 E. _______Woodrow St. _________ c e II N o.: _________ City: _-r._a_
ft ___________ State: _c_
a_l i _
fo_
rn_
ia __ Zip: _
9_
3_ _ _
8 ______
BE GRANTED A SPECIAL EVENT PERMIT TO:

St. Mary's 1st. Sunday of November-Festival 11/1/2026
P rope rt y I ocat
.
,on or a dd ress: _110 _
E. _Woodrow ____St. _Taft, __Ca. _93368 ___________
Assessor's Parcel Number(s): ____________________ _
Legal Description of property(ies): --::-----::-:-----:----------------­ Diocese of Fresno Roman Catholic Church General Plan Land Use Designation: __________________ _ Zoning of the Subject Property: ____________________ _
Pagel

City of Taft | California
Treasurer's Report
For the Month Ended June 30, 2026
Prepared By:

Finance Department
clTY oF TAFT I FOR THE MONTH ENDED June 30, 2026
Treasurer's Report
Unaudited

TABLE OF CONTENTS
PAGE
Bank Reconciliation - LJnrestricted Cash Accounts 4
Schedule of Receipts and Disbursements 7
Schedule of lnterest Earned 8
Chart of lnvestment Maturity Distribution - Original Purchase................. ..................,..........., 10 Chart of lnvestment Maturity Distribution - Remaining Maturity .......... 11 Exhibits - Trend Analysis 72
Exhibit A 13 - lnvestment Trend
74 Exhibit D - Return on lnvestment Analysis 20
Exhibit F - lnvestment Policy Compliance Testin9..............,..... 25 CITY OF TAfi I FOR THE MONTH ENDED June 30, 2026
Treasurer's lnvestment Analysis -
(ey Highlights
Unaudited
Treasure/s Report Analysis - Highlights
The following bullet points summarize the most significant financial results, trends, and variances for the reportin8 period:

The CiVs cash and investment balances experienced an overall increase from July 2025 to June 2026 (Exhibit E -

April2026.

The city's United Security Bank checking account had a deficit of 5234,420.77 in October 2025. This was attributed to outstanding checks of over 5700,000 (Exhibit E - Page 21). The deficit has since been corrected.

This account also increased bv 52,317,729.27 from March 2026 to April 2026 (Exhibit E - Page 21). This is attributed to the receipt of previously withheld TDA funding for fiscal years 2021 and 2022.

The CiVs United Security bank account decreased by 51,349,359.87 from the previous month. This can be attributed to outstanding checks made of S1.03 million made to the City and Model 1 Commercial Vehicles, lnc.

Some of the City's investment accounts have been omitted from Exhibit D, pages 20 and 21. This section was added at the request of the Finance committee in February 2026. After calculating the ROI over several periods, we determined that this metric is not suitable for some of the Citr/s investment accounts. These omitted accounts are tailored towards liquidity of funds over those held for long-term investment, resulting in volatility with investment balances.

The subaccount for the Citys wells Fargo Advisiors - COP USDA account, has a cash deficit of 52,630.46. This amount is related to a timing difference between the payment and receipt of funds. Despite this, there are sufficient funds in the related umbrella account to cover the deficit.

As of June 30, 2026, the City's bank statements have been fully reconciled to the general ledger. We acknowledge City staff for their support in providing the documentation necessary to complete this analysis.

As of August 1, 2026, the City determined that payments were made from the wrong inmate accounts. These changes are currently being reviewed, and corrections will be made in August 2025. The current estimated adjustment to each account is as follows: a decrease in the lnmate Welfare Fund by 52,942.73, and an increase in the lnmate Trust Fund by 52,942.73.

1. As of June 30, 2026, the City is not in compliance with its investment policy. The City's investment portfolio includes negotiable certificates of deposit (43.60%) when the limit on this type of investment is 3O%. The investments are held in the City's Wells Fargo Advisors Certificate of Deposits account and UBS Financial Services account.

On July 27, 2026, the City became aware of an instance where a payroll check cleared the United Security Operating Account four times. After further investigation, this was determined to be a bank error and has since been resolved.

CITY OF TAFT I FOR THE MONTH ENDED FEBRUARY 28, 2026
Treasurer's Report
Unaudited
The wells Fargo Advisors account ending in 4813 represents the largest share (29.01%) of operating cash and investments compared to other financial institutions.

The PARS balance of 52,076,775.59 represents the largest share (81.56%) of restricted cash and investments relative to other institutions holding restricted funds.

The "lnvestment Trend Analysis as of lune 30, 2026" (Exhibit A - Page 12) indicates that total investments have gradually declined over the past 12 months.
lnterest rates increased sharply in 2023, followed by a gradual decline that continued through March 2026. ln April 2026 interest rates began to rise, which has continued through lune 2026.

LAIF interest rates increased from February 2022 to August 2024, followed by a gradual decline that continued through May 2026. Since then, rates have stagnated as ofJune 2025. 2 CIW OF TAFT I FOR THE MONTH ENDED lune 30, 2025
Treasurer's Report
Unaudited
Cash and lnvestment
Schedules and Charts
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i !E
i!:
rot\l c
dl4
PA
ci1
BTzt) ul 'o
r tl,,
EEo;
=Eurc
-lFI
C,c Oo rlE
-.9L93bo
odE
trEE u6f
,l I
CITY OF TAFT I FOR THE MONTH ENDED June 30, 2025
Bank Reconciliation - Restricted Cash Accounts
Unaudited
05rto103
u.lt ds..ulrYa.nt u.lr.d s*lrlq B.nl
l.r.r.trutt lcrot r!. Gr.

B.l.i.. !.r3!nl rr 5/30/2026 130,343.44 t
'.sr3,55r.?s
5 e,r21,056.32 t 12,154,71e.07
^dlu*cdBrr'n..r.r0rnk.t6130/20z0
5 1,o76,r75.ts
c.nrr.l t.dr.. srrti(..1 6/14026
F3A,O91,a5t (ra,1ar.9o)
!-3l@!9 l-!@. L.:s!!!4!!:1U
o,r0393 s 2,716,74s51 t e,337,634.51 S 12,104,,130.11
OuBr.ndll| Ch..tt lP.vroll)
ouri.ndB ch.dr {op.r.rrnr)
ourtt.ndl ch.d! (mt ,
ELEldt!
llBllrmil
oEltlDr-(,l!-elllalrBal]E
ACH - Sr1. DltbuB.m..t Unl!
949,30 949,10
l2o,:t5r.e2) t20.35!.92)
11,156,353.t3t 11,166.353.51
1,rtl,1t5 62
L797.aA 15,311,33 rr,m4.rl
203,?t1,7t 1,619,795,10
lt11tt6-6tl (1.093/.97..11 (1,.6597r.@)
. 401,131.32 !01,211.12
- (r{.335.001 (2.,335.00)
- 1rs6,496,3r) n56,4e6.33)
- (2:r,137.69) (t!,137.69)
- lz,zsr.rsl 12,25r.351
(l,ols,tg) 0,713.69)
Tor.l oadrina c.,h Dilbu&m.nB 1374.192,56) (1,900,260.15) 12,711,7t1.9r1 e!!4!ll4rullll!!!!!!!!
Pryrol T.r P.yfr.ir 05/01
P.ybllI.rP.ym. 06/rs
Fr,l3r.q 152,13146)
(510,54829) (s10,5.329)
(101,61754) 1102,61754)
_____..19!,t!L9!)
t761,55525) 1761,556.25)
I[,r90.t5) (13.290.36)
Q1149?l!1 lr7s33rr,4) F,r6rt!31.1
ror.l op.r.nia c.rh Dl.huEm.hB
ch..t. rn rrlr M-ld vrl!.

G0$r L&.r !.1.n.. .t 6/ao/20r6
5 !.---l4t!l!!9 !---!981!!!!1 !-lg:!qEEZ
clw oF TAFT I FOR THE MoNTH ENDED June 30, 2026
Schedule of Cash and lnvestments
Unaudited
Pooled D.rl8nat€d and op.rcrlnt
C*h & lnvEitment3:

Sook
Date
360 Days
Equlval€rt
365 oays
Equlvalent
of
Operatint Cash & lnvestmenls
m9-00100
009-00102
009-00101
009-00103
mg-fi)104
009.00114
009.0o115
Pasiboovcheclins Accounts
West Amerlca Bank (WAB)
Ch€ckintAccount
United Securlty Bank (USB)
LocalA:€ncy lnvestment Fundg (A)
Certlflcate of Deposit
United Security Bank (USB)
hvestment - U,S. Governm€nt Securities
Piper Sandler & Co.

Welk FarSo Advlsors (wFA)
t BS Financlel SeNlc€s, lnc
TotalODe tlnS c|rh a lnvcatments
s 322,075.36 s 322,075.36
305,879.55 305,879.55
2,77 7,557.37
236,725.88
2,777,557.37
236,725.88

27.03%

2.95%

0.00%

3.77%

0.00%

3.a2%

4.Dt% o.a2%

0.02%
o.o2%
o.o2%
!,494,911.47
2,330,895.50
!,L77,!45.1O
1,494,911.87
2,330,896.50
1,172,145.10

18.60%

29.O1%

14.59%
See Pate 8
see PaSe 8
See Pa8e 8

4.10%

3.35%

3.2t%

4.76%

3.41%

3.25%
s 8,035,295.67 $ 8,035,295.57 100 00%
R€stricted cash & lnvertments
010-m102
053,00100
054-00100
062-00103
07040102
071-00102
071-00104
Public atency Retkement S.rvlces (PAR5)
Restrided cash - tnmate w€lfare Fund
Restricted cash - lnmatefrun Fund
Restricted caeh ' LCTOP-BUS PASSES
'Rertrided cash - coP USDA (wFA acxt s3386)
iMoniesTo Hold Acct Open From Fund 71(WFAAcct #3386)
Restricted Cash - WWTP constructlon (WFA Acct 18423)
Total Rertrldad c.sh & lnvastmants
2,o76,175.59
132,525.55
52,218.47
96,4U.38
(2,530.46)
10,026.83
180,843.44

81.56%

5.21%

2.osx
3_79%
,0.10%

0.39%

7.10%
s 2,075,175.59 s
132,525.5S
s2,214.47
96,411.38
(2,630.45)
10,025.83
180,843.44
9,27%

0.0296

0.02%

3.27%

3.15%

9.4Ayo

0.02*

0.02%

0.03%

3.32%

3.19%
Thls repon h presented pursuant to the Clty of Taft's lnvestmenl Policy whlch was r€vlsld byth. Taft Clty Council6t its r.Sularly s.heduled me€tin8 of March 2026.Th.rearc sufficientfunds to meet the next 6 months' obllSatlons. $ 2,545,570.80 s 2,545,570.80 700.0o%
Grand Totalcash & hvertnents
(A) As allowed by Califomia Govern ment Codo Section 53646(e), attached Exhibit D & Exhibit E provides the atency cu rent merket value at of the reportin8 date, June 30,2026
'Pleas€seenoleonPatellorexplanationregardlnS.ashdetl.ltlnCOPUSDAaccou.l 6 3.42%
s 10,580,E65.47 5 10,580,866.47
CITY OF TAFI I FOR THE MONTH ENDED Jun€ 30, 2026
Schedule of Receipts and Disbursements
Unaudited

8.hnc.
5lLl2O26 Re.elptt
S 32.49
r,421,093.11

5.81 780.88
olsburiements lorerestPald G.l./Lort (out)
As Ol
613012026
Pool.d Oo.mtln. C.th & lnv6tmenB:

Paisbook/CheclinS Account - Wert America
ch.cklhg Accounr-Unlt€d Securlty Bank
CetificatE Of Oeposlt/Un lted Secuity Sank
tocal A8ency lnvestment Fund
lnvertment-U.S. Government 5ecurities
Ce lflcat. Of DeposltAVelh Farro Advlsors
certlficat.of Deposit/UgS Financialservices lnc.

Total Poolad Oparatln8cash & lnv6tment!
Ee!E!C-s:!3!E!!I&!!s
Publlc A8.ncy R.tlr.m.nt sclvicer {PARS)
t<.row A..ount-CDFW
LCTOP-Bur Pssres
2019 B€v. nefrJndlns Eond - us Bank
welk Fargo Advlsors - wwTP construdlon {wFA Acct 18423) 'wells FaryoAdvleor3- COP USDA (wFA Acct 13385)
'MonlesTo Hold Acct (70)From tDTl (WfA Acct 13386)
lot lR..trlct d c.rh & lnvlrtnlntt
Gr.nd Totrlc|ih & lnwrtm.nG
s 322,119.59
3,521,021.18
306,098.67
236,725.44
1,500,325.87
2,331,218.3s
7,170,174.O7
$ r,421,12s.62
- 5,726.60
8,798.54
:(,,745,150.53)
-31!!t
(5,41s.00)
(6,048.3s)
{6,827.51)
s
(82.s3) S
(2,745,058.00)

5.81 S
780.88

19.89 322.075.36
2,171,661.31
30t879.ss
235,725.88
1,494,977.87
2,330,895.60
!,L12,1,45.r0
$
5,726.60
8,798.54
5 9,387,684 61
72,406.49
@!s) 5 8,035,295.57 I 1s,311.83
s 2,076,064.20 5
124,388.50
256,600.55
4,705.54
159,033.23
7,127.2A 5

30.41 51.35
I 2,076,775.59 5
132,525.55
52,218.47
1,127.24

30.41 61.36
t (1,0rs.89) 5
1373,476.67l'
5 24,38s.00 96,411.38 19.89
180,308-98
(2,549.94)
r0,026.83
534.46

19.48 180,843.44
{2,530.45)
10,025.83
5 2,t15,74s.61 5 177,139.87 S (374,492.561 S 1,792.88 5 S 24,385.00 $ s 12,104,430.22 $ 1598,265.49 s (3,120,543.091 s 17,104.7r s lrE,29O.E5) s 24,385.00 s (24,38s.00) I 2.5!5,570.80 S 1.792.88
s 10,580,866.47 !-l1t9ll1
s.e Page 1 for tu[hcr .,el.n.tlon
7 .s
(2d38s.00)
s
534.45

19.48 lnterest earned during the current month ended June 30, 2026 are as follows:

Pooled Cash & lnvestments
West America
tJnited Security gank
Local Agency lnvestment Fund
Piper Sandler & Co.

Wells Fargo Advisors
UBS FinancialServices
Restricted Cash & lnvestments
Total lnterest Earned lor the Month Endlng,613012026
quarterly interest earning is as follows:

Pooled Cash & lnvestm€nts
West America
United Security Bank
Local Agency lnvestment Fund
Piper Sandler & Co.

Wells Fargo Advisors
UBS Financial Services
Restricted Cash & lnvestments
Total Unrestriced cash & lnvestments (Excludlng LAIFI
Total Pooled cash & lnvestment lnterest Earnlngs
Monthly quarterly Semi-Annual Annual Total
s s.81 s
780.88

5.81 780.88
s s 5
5,726.60
8,798.54
553.94 111.66
5,726.60
8,798.54
665.60
S 1s,8G5.77 $ 111.6G s
Quarter Endlnt
9l10l2O2s
Quarter Endint
t2lttl2o2s
Quarter Ending
313712025
Quarter Ending
6l1012026
Flscal
Year to Date
s 1s.14 s
2,8r9.62
6,212.40

3.10 s
2,sso.22
5,259.85
9,375.00
27,374.79
74,694.40
2,168.84

7.63 s
2,254.90
4,207.72
1s.71 s
2,311.65
2,294.66
9,375.00
18,258.38
77,626.48
2,067.53

41.58 9,935.39
18,978.03
18,750.00
85,389.56
47,307.27
8,496.83
22,964.9t
10,195.39
1,893.48
22,747.54
4,784.94
2,366.84
s 37,892.54 s 50,166.3s s 32,201.93 s 43,6s4.8s S 163,91s.57 s 44,104.94 s s5,435,20 s 35,403.0s s 4s,949,s1 s 182,893.70 8 CITY OF TAFT I FOR THE MONTH ENDED June 30, 2026
schedule of lnterest Earned
Unaudited
S 1s,977.43
CITY OF TAFI I FOR THE MONTH ENDEO June 30, 2026
Schedule of lnvestment Composition
Unaudited
Settlement
Date
Market
Value Of CD
lnterest
Cost Of CD Rate Term
lnt€rest Earned
ln FiscalYear
lnterest
Pays
IJS Govemment Securities
Federal Home LN BNKS sl6l2|26 s 1,500,000.00 5 1.500,326.87 4.76% s Years 4l29l2O3L s wellr Fargo Advlsors lnvestmentg
Goldman Sachs BK USA CD
New Valley Bank
Eaglemark Svgs BK
CapitalOne BK McLean VA
Discover Greenwood
Comenity Eank Wilmingtn
FFB Bank CD
Hiawatha Natl gank cD
CFG Eank/Md CCD
Morgan Stanley BK NA CD
sallie Mae Bank/Salt CD
UBS Bank USA CD
Great lvlidwest BK ssB cD
lP MorSan Chase BK NA CD
lP Mor8an Chase 8K Columbus
Total wells Faryo Advisors
UBS Flnan.lal Servlces
Goldman Sachs
Safra Natl BK
Bank United NA Flor
Goldman Sachs Bank NY
Morgan Stanley BK UT
Morgan Stanley Prv NY
state BK lndia New NY
Sallie Mae Bank UT
Total UBS Financial Services
9129/2021
313/2022
31912022
514/2022
5/7 /2022
6173/2022
Lu25/2024
10128/2024
70/22/2O2s
12/81202s
rl7/2026
717 /2026
t/2012026
3/!612026
412812026
8l9l2O2t
9lt8/202s
12lL4/2O2L
3l4l2O2s
r0/2/2025
12lt1l2O2s
6lL8/2026
121ls/2O2s
200,000.00
169,242.00
100,000.00
250,000.00
20,000.00
200,000.00
210,000.00
45,000.00
75,000.00
100,000.00
250,000.00
250,000.00
250,000.00
120,000,00
100,000.00
198,504.00
767,461.90
98,597.00
247,790.00
19,819.00
197,636.60
209,218.80
44,820.00
73,496.25
98,104.00
243,850.00
243,830.00
243,737.50
117,547.20
98,757.00
9/29/2026
2/2s12027
319/2027
s/4/2027
617/2027
6/1412027
3/27 /2O2s
10/26/2029
lOl3Ll2O3O
t2/1712030
!14/2031
7/14/2031
L/22/203r
3120/203L
4128/2031
8/78/2026
9/23/2026
12/8/2026
3/lU2027
70/8/2027
72/26/2028
6/28/2030
nl1712030
2,100,00
2,889,97
2,000.00
7,625.00
630.00
6,300.02
10,283.45
L,957.47
1,495.89
2,O79.45
Semi-Annually
Monthly
Semi-Anhually
Semi-Annually
Semi-Annually
Monthly
Monthly
Monthiy
Semi-Annually
Semi-Annually
Semi-Annually
Monthly
Monthly
Semi-Annually
Semi-Annually
Semi-Annually
Semi-Annually
Annual
Quarterly
Semi-Annually
Semi-Annually
Semi-Annually
semi-Annually
Semi-Annually
r.o5%

1.72yo

2.O2%

3.07%

3.!7%

3.18%

4.37%
436%

4.08%

4.72%

3.84%

3.840/.

3.9s%

4.73%

4.30%
5 Years
5 Years
5 Years
5 Years
5 Years
5 Years
5 Years
5 Years
5 Years
5 Years
5 Years
5 Years
5 Years
5 Years
5 Years
3,878.42
3,981.87
5 45,161.54
100,000.00 1,000.00
100,000.00
199,400,00
12s,000.00
120.000.00
200.000.00
115,000.00
211,000.00

1.OO%

3.70%
t37%

4.29%

3.67%

3.80%

4.35%

3.88%
5 Years
l Year
S Years
2 Years
2 Years
3 Years
5 Years
5 Years
99,593.00
99,903.00
L97 ,662.00
100,136.00
119,208.00
197,626.00
tt4,9a2.15
207,640.97
2,034.25
5,375.00
2,184,00
3,739.73
4,0s0.62
9 Total lnvestments and lnterest Earned
Bank
Maturity
Date
5 2,339,242.OO S 2,302,569.25
S 18,383.60
I 63,545.14
S 1,uo,4oo.oo S \136,791.?2
s 5,009,642.00 5 4,939,587.84
CITY OF TAFT I FOR THE MONTH ENDED June 30, 2026
Chart of lnvestment Maturity Distribution - Original Purchase Unaudited
Maturity Distribution - Original Purchase
Portfolio/Benchmark
US Treasuries
Certificates of Deposits
0-1
Years
o.ooo/"

2.850
t-2
Years
o.o0%

6.98%
2-3
Years

0.o0%

5.70%
3-4
Years

0.oo%

0.oo%
4-5
Years
100.00%

84.470/o
>5
Years

0.oo%

0.o0%

10.w. *
E eo.oox
E
= so oo%
E
.9
E 40.00%
x.

E

30.oo%
100.00%

90.00%
80-0a%

20.o4%
r0.00%
! US Treasurl€s
r Certlflcates of Deposits

0.00% I
1-2
10 4-5 >5
I
0-1
Yeals
2-3 3-4
Years Years
Tlme to Maturlty (Years)
CIW OF TAFT I FOR THE MONTH ENDED June 30, 2026
Chart of lnvestment Maturity Distribution - Remaining Maturity Unaudited
Maturity Distribution - Remaining Maturity
Portfolio/Benchmark
US Treasuries
Certificates of Deposits
0-1
Years

0.00%
4L.70./o
t -2.

Years

0.00%

3.42%
2-3
Years
o.oo%

77.680/0
3-4
Years

0.00%

4.56%
4-5
Years
100.00%

38.64%
>5
Years
o.000
o.oo%

70.00%
*
5 so.oox
E
E so.oox
c
.9
I 40.00%
E
o

30.00%
100.00%

90.00%

80.00%
2A_40%

10.00%
I
I USTreasuries
a Certiflcater of Depo5its
2-3 3-4
Yea.s Years
Tlme to Maturlty (Years)
4-5

0.00%
0-1 t-2
11 >5
CITY OF TAFT I fOR THE MONTH ENDED lune 30, 2026
Treasure/s Report
Unaudited
Exhibits
Trend Analysis
72 CIW OF TAFT I FOR THE MONTH ENDED June 30, 2025
Exhibit A - lnvestment Trend
Unaudited
Balance As of
6l30l2O2s
Balance As of
el30l2o2s
Balance As of
t2htl2025
Balance As of
313t12026
Balance As of
6l30l2026
changes
Unrestricted lnc (dec) lnvestments
Certificates of Deposits - United Security Bank
Local Agency lnvestment Fund
lnvestments-U.S. Government Securities
Piper Sandler & Co.
certificates of Deposits - Wells Fargo Advisors
Certificates of Deposits - UBS FinancialServices
Total Unrestricted lnvestments
Restrlcted I nvestments
Public Agency Retirement services (PARS)
Wells Fargo Advisors - WWTP Construction
Wells Fargo Advisors - COP USDA
Total Restricted lnvestments
Total lnvestments
s 296,918.33 5 299,737.95
557,747.8s 573,960.25
1,464,360.00 7,478,625.00
s 302,313.00 s 304,s67.90 s 306,879.ss s
230,230.10 234,43t.22 235,725.88
1,488,840.00 L,497,L95.OO t,494,977.87
9,96L.22
(331,021.97)
30,551.87
2,977,886.3t
t,397,662.77
3,072,372.72
s 1,908,989.64 s 1,973,371.80
774,094.46 t75,907.82
2,666.03 2,697.99
2,342,333.4L
7,759,082.62
2,354,344.64
7,765,946.23
2,330,896.60
7,772,745.70
(640,989.71)
1225,577.Ot) 1 154 751.84
s 1,999,343.75
r77,628.95
76,733.6L
s 7,986,292.64
779,254.47
77 351.80
s 2,076,17s.s9 s
74o,843.44
7 396.37
167,185.95
6,748.98
4,730.34
s 2,085,7s0.13
5 8,7a4324.73
s 2,151,971.61 5 2,2s3,7O63L 5 2,242,902.91. 5 2,264,4Ls.40 S 178,56s.27 s a,57r,4ta.77 $ 7,776,sO5.44 $ 7,799,427.9O s 7,80s,974.40 s (978,3s0.33) 13 s 6,698,s74.60 5 6,s79,447.76 $ s,s22,799.73 s s,ss6,s24.99 s s,s41,ss9.00 (s1,1s7,01s.60) CITY OF TAFT I FOR THE MOI{TH ENDED June 30, 2025
Exhibit B - Balance Trends
Unaudited
Comparison of Unrestricted Cash and lnvestment Balances from June 2025 to June 2025
o
E
s3,500,000
s3,000,m0
92,s00,000
S2,mo,ooo
s1,500.000
9l,ooo,ooo
s500,0(x)
-Certiflcates
of Deposits - Unlted Security Sank
-Loral
ASency lnv€slm€nt Fund
-lnvestment!-U.S.
6overnment S€curitie5
-Certificates
of Oeposits - Welh Fargo Advisors
-Certlflcetes
ot Oeposits - UBS f hancirlServices
s613012025 913012023 12131/2025
Date
3/3t17026 6130/2026
I
14 CITY OF TAFr I FOR THE MONTH ENDED June 30, 2025
Exhibit B - Balance Trends (Continued)
unaudited
s4,000, 000
s7,000,000
56,000,000
s5,000,000
s3.000.000
s2,000,000
51,000,000
s.

Composition of Unrestricted lnvestment Account Balances from June 2025 to June 2026
12/3tl2O2s
Date
lCertificatesof Daposlts . UBS Financial Services
I Certificates of Deposits . Wells tergo Advisors
I lnvestments-u.s. Gov€mment secudties
I Local Agencl lnvestment Fund
I Certlficates of Oeposlt5 - Unlted Security Eanl
E
6/3012025 9lzol202s 3/31/2026 6l30l2026
15 CITY OF TAFT I FOR THE MONTH ENDED June 30, 2026
Exhibit B - Balance Trends (Continued)
Unaudited
Comparison of Restricted Cash and lnvestment Balances
from ,une 2025 to June 2026
s1,500,000
51,000,000
s2,500,000
52,000,000
9500,000
s-
-Public
ABency Settement 5etuices (PARs)
-Wellr
Fargo Advko6 - WWIP Constructlon
-Welk
Fargo AdvlroB -COP UsDA
6/30/2015 9t30l2023 721371202s
D.t.
3/3t/2026 6hol2026
16 CIW OF TAFT I FOR THE MONTH ENDED June 30, 2025
Exhibit B - Balance Trends (Continued)
Unaudited
E
s2,300,000
s2,200,000
s2,100,000
s2,000,000
s1,900,000
s1,800,000
s1,700,000
Composition of Restricted lnvestment Account Balances
from June 2025 to June 2026
12/3r/2025
Date
aWellr FargoAdvirors - COP USDA
aWellr FarSoAdvisors - WWIP Connruc-tion
t Public Atency Retiremenr Servlcer (PARS)
6/3012025 9/30/2O2s 3/1r12075 6/30/2026
77 CITY OF TAFT I FOR THE MONTH ENDED ,une 30, 2026
Exhibit C- lnterest Rate Trends (Continued)
Unaudited
Comparison of tDlC Monthly NalionalYlelds
from August 2021to lune 2025
i
!
18 clTY oF TAFT I toR THE MONTH END€D June 30, 2026
Exhibit C- lnterest Rate Trends (Continued)
Unaudited
comp.dson ot tAlF MonthlyYlelds
from May 2021 to Jun. 2026
I
E
79 CITY OF TAFT I FOR THE MONTH ENDED June 30, 2025
Exhibit D- Return on lnvestment Analvsis*
Unaudited
Return
3-Month Yield
Retu rn
5-Month Yield
Return
12-Month Yield
Unrestricted lnvestments
Certificates of Deposits - United Security Bank
lnvestments-U.S. Government Securities
Piper Sandler & Co.

Restricted lnvestments
Public Agency Retirement Services (PARS)
Wells Fargo Advisors - WWTP Construction

0.76%
-0.75%

4.53o/o

0.88%
L.57%
o.4r%

3.84o/o

7.87%

3.35%

2.O9%

8.76%

3.88%
*We have omitted the following investment accounts from the Return-on-lnvestment Analysis:
. Local Agency lnvestment Fund
. Certificates of Deposit - Wells Fargo
. Certificates of Deposit - UBs Financial services
. Wells Fargo Advisors - COP USDA
Due to balance fluctuations, the ROI percentages are not suitable for these investment accounts. PIease see Page 1 for further explanation. 20 CITY OF TAFT I FOR THE MONTH ENDED.lune 30, 2026
Exhibit D- Return on lnvestment Analysis (Continued)
Unaudited
9%
8%
1%
6%
5%
4%
3%
2%
L%
o%
-1%
Certiflcates of Deposlts - United
SecuritV Bank
Public Agency Retirement Services
(PARS)
Wells Fargo Advisors - WWTP
Construction
t Return 3"Month Yield t Return 6-Month Yield r Return 12'Month Yield

21. lnvestments-lJ.S. Government
Securities
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CITY OF TAFT I FOR THE MONTH ENDED rune 30, 2026
Exhibit E - Month-to-Month Change (Continued)
Unaudited
lllustration of Unrestricted Cash & lnvestment Balances from July 2025 to June 2025
$4,000,000
93,500,0m
$3,000,000
32,500,000
92,m,000
s1,500,000
!1mo,000
s50o,otE
E
-
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-
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ssl5oo,ooo)
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clTY OF TAFT I FoR THE MoNTH ENDED June 30, 2025
Exhibit E - Month-to-Month change (Continued)
Unaudited
lllustration of Restricted Cash & lnvestment Balances
from July 2025 to June 2025
-Public
ASancy Retirenent servtcer IPAns)
-Wellr
Far8o Advlsors .wwTP conitructlo.
-Wells
FarEo AdvBors -COP USDA
-iErrlcted
Cash - Inmatewelf.r. Fund
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-R.{ricr.d
c.rh - LcIop-BUs PAssE!
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$1,s00,000
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The results of compliance tests with the City's investment policy are as follows:

Percenta8e/Amount Actual
Permitted lnvestments/Deposits Allowed Percentage/Amount Maximum
Maturity
Actual Maximum
Maturity Conclusion
*US Government Treasury Securlties
*Certificates of Deposits
*Negotiable Certificates of Deposit
LAIF
Passbook Deposits
County Pooled Funds
Unlimited
Unlimited
30%
15,000,000.00
50%
5 Years
5 Years
5 Years
N/A
N/A
5 Years
5 Years
5 Years
N/A
N/A
N/A
ln Compliance
ln Compliance
Not in Compliance
ln Compliance
ln Compliance
ln Compliance
*Additional support for maximum investment maturity can be found in "Chart of lnvestment Maturity Distribution - Original Purchase" on Page 9 and "Chart of lnvestment Maturity Distribution - Remaining Maturity" on Page 10 of this report.

Flnanclal lnstltutions
Percentage of
lnvestmentsAllowed ActualPercentage Conclusion
Wells Fargo Advisors (WFA)
UBS Financial Services, lnc
United Security Bank (USB)
West America Bank (WAB)
Piper Sandler & Co.

50.00%

50.oo%

50.00%
s0.00%

50.00%

29.O7%

74.59%

30.850/.

4.0704
t8.600/0
ln Compliance
ln Compliance
ln Compliance
ln Compliance
ln Complia nce
Based on the above information, the City is not in compliance with its most recent investment policy adopted on March 3, 2026. The portion of the City's current investments comprised of negotiable certificates of deposit make up 43.60% of the City's portfolio when limit on this investment type is 30%. The city has maintained compliance with regards to investment maturity and percentage of investments with financial institutions, 26 Clry OF TAFT I FOR THE MONTH ENDED June 30, 2026
Exhibit F - lnvestment Policy Compliance Testing (Continued) Unaudited
L8.50%

3.A2%

43.60%
236,725.88
3L.O30/o
0%
REVIEWED BY:

CITY CLERK FINANCE DIRECTOR CITY MANAGER
City of Taft Agenda Report
DATE: SEPTEMBER 1, 2026
TO: HONORABLE MAYOR AND COUNCIL MEMBERS
AGENDA ITEM:

STREET CLOSURES AND SPECIAL EVENT PERMIT FOR THE TAFT CHAMBER OF COMMERCE DIA

DE LOS MUERTOS EVENT
SUMMARY STATEMENT:

City staff has received a special event permit request from the Taft Chamber of Commerce including the street closure of North Street between 5th Street and 6th Street and 5th Street between North Street and Center Street for a Dia de los Muertos Event on Sunday, November 1, 2026, 11:00 AM to 5:00 PM.

The following streets have been designated for closure on Sunday, November 1, 2026, from 11:00 AM to 5:00 PM:
• North Street between 5th Street & 6th Street
• Oildorado Event Center Parking Lot
California Vehicle Code section 21101 authorizes local agencies by resolution to close streets for special events.

Special event permit conditions of approval include:
• Liability insurance naming City of Taft Additional Insured/ certificate holder in the amount of $1 million.
• City business license for all vendors including Kern County Public Health permits for food vendors
RECOMMENDATION:

Motion to adopt a resolution entitled A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TAFT

AUTHORIZING THE SPECIAL EVENT PERMIT AND STREET CLOSURES FOR THE TAFT CHAMBER OF COMMERCE DIA DE LOS MUERTOS EVENT ON SUNDAY, NOVEMBER 1, 2026 and find that the activity is not a project per the California Environmental Quality Act (CEQA) as set forth in Section 15060(c)(3) and Section 15378 of the CEQA Guidelines.

IMPACT ON BUDGET (Y/N): No
ATTACHMENT (Y/N): Yes (special event application, and resolution) PREPARED BY: Planning Department

RESOLUTION

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TAFT

AUTHORIZING THE SPECIAL EVENT PERMIT AND STREET CLOSURES

FOR THE TAFT CHAMBER OF COMMERCE DIA DE LOS MUERTOS EVENT ON SUNDAY, NOVEMBER 1, 2026.

WHEREAS, the Taft Chamber of Commerce has requested a street closure for a Dia de los Muertos event on November 1, 2026, from 11:00 AM until 5:00 PM, WHEREAS, Section 21101 (e) of the California Vehicle Code requires a resolution by Council to temporarily close streets for special events.

WHEREAS, the special event will be approved by the Planning Department on August 19, 2026; and
NOW, THEREFORE, BE IT RESOLVED, the Mayor and City Council of the City of Taft, California, approve the following street closures from 11:00 AM until 9:00 PM. on November 1, 2026, North Street between 5th Street & 6th Street
Oildorado Event Center Parking Lot
PASSED, APPROVED, AND ADOPTED this 1st day of September 2026 Dave Noerr, Mayor
ATTEST:

Faith Melton
City Clerk

STATE OF CALIFORNIA )

COUNTY OF KERN ) SS

CITY OF TAFT )
I, Faith Melton, City Clerk of the City of Taft, do hereby certify that the foregoing Resolution was duly and regularly adopted by the City Council of the City of Taft at a regular meeting thereof held on the 1stday of September 2026, by the following vote:

AYES: COUNCIL MEMBERS:

NOES: COUNCIL MEMBERS:

ABSENT: COUNCIL MEMBERS:

ABSTAIN: COUNCIL MEMBERS:

Faith Melton
City Clerk

REVIEWED BY:

CITY CLERK: FINANCE DIRECTOR: CITY MANAGER:

City of Taft Agenda Report
DATE: SEPTEMBER 1, 2026
TO: HONORABLE MAYOR AND COUNCIL MEMBERS
AGENDA MATTER:

SPECIAL EVENT PERMIT AND WAIVER OF APPLICATION FEES FOR THE FIRST BAPTIST CHURCH TO HOST A PEDDLER’S FAIR ON THEIR PROPERTY ON SATURDAY, SEPTEMBER 5, 2026 SUMMARY STATEMENT:

Staff received a Special Event Permit application and letters from the First Baptist Church, requesting to host a Peddler’s Fair on their property on Saturday, September 5, 2026. The fair is planned to start its setup at 6:00AM, with the event occurring from 10:30AM to 2:00PM. The event will include live music, games for children, food, and non-alcoholic drinks. The Church will utilize their own restrooms in the buildings and make them available to guests.

The Church will have personnel on site to assist with setting up vendors, maintenance, game areas, food vending, and the parking lot. The event is open to the public and everyone in the Taft community is welcome to attend. The Church is requesting the Special Event Permit fees be waived as this is a community event and to put funds and resources toward a successful event.

Conditions of approval:

1. All amplified music and sounds from the event shall end at 5:00 PM

2. The Church shall provide sufficient trash receptacles in the event area and shall remove all trash from the area on and around the property at the conclusion of the special event.

3. All Church approved retail vendors of the special event shall have a business license with the City of Taft. No retail vendor shall be issued a business license without being an authorized vendor by the Church.

4. The Church shall provide sufficient personnel to assist with the organization of the event for the vendors, maintenance, game areas, food areas, and with vehicles in the parking lot.

RECOMMENDED ACTION:

Motion to approve a resolution entitled A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TAFT APPROVING SPECIAL EVENT PERMIT NO. 2026-24 AND TO WAIVE APPLICATION FEES FOR THE FIRST BAPTIST CHURCH TO HOST A PEDDLER’S FAIR ON THEIR PROPERTY LOCATED AT 220 NORTH STREET ON SATURDAY, SEPTEMBER 5, 2026 and find that the activity is not a project per the California Environmental Quality Act (CEQA) as set forth in Section 15061(b)(3) of the CEQA Guidelines.

FUNDING SOURCE: N/A
ATTACHMENT (Y/N): Resolution, Special Event Application with letters, Event Maps PREPARED BY: Planning Department
RESOLUTION NO. ________

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TAFT
APPROVING SPECIAL EVENT PERMIT NO. 2026-24 AND TO WAIVE

APPLICATION FEES FOR THE FIRST BAPTIST CHURCH TO HOST A PEDDLER’S FAIR ON THEIR PROPERTY LOCATED AT 220 NORTH
STREET ON SATURDAY, SEPTEMBER 5, 2026
WHEREAS, the First Baptist Church has submitted a Special Event Permit application to host a Peddler’s Fairl event on their property at 220 North Street on Saturday, September 5, 2026, from 6:00 AM to 5:00 PM; and
WHEREAS, the First Baptist Church requests that the special event permit fees be waived as this a community event that is open to the public and to put all funds and resources towards a successful event: and
WHEREAS, the First Baptist Church shall be responsible for providing personnel in charge of event activities, sufficient trash receptacles, and shall clean up all trash and debris at the conclusion of the event in and around their property; and ensure all retail vendors hold business licenses with the City of Taft; and
NOW, THEREFORE, BE IT RESOLVED, the Mayor and City Council of the City of Taft, California, approve the special event as follows:

SECTION 1. The City Council hereby makes the following Special Event findings:

1. The operation of the requested special event at the location proposed and within the time period specified will not jeopardize, endanger or otherwise constitute a menace to the public health, safety or general welfare.

2. The proposed site is adequate in size and shape to accommodate the special event without being materially detrimental to the use and enjoyment of other properties located adjacent to and in the vicinity of the site.

3. The proposed site is adequately served by streets or highways having sufficient width and improvements to accommodate the kind and quantity of traffic that the special event will or could reasonably be expected to generate.

4. Adequate temporary parking to accommodate vehicular traffic to be generated by the special event will be available either on site or at alternate locations acceptable to the planning and community development department.

5. All special event fees shall be waived as this is a community event open to the public with funds and resources directed to non-profit organizations.

SECTION 2. The City Council hereby approves Special Event Permit No. 2026-24 with the conditions of approval set forth in this resolution as follows:

1. The Special Event is approved for the following times:

Set-up: Saturday, September 5, 2026, at 6:00 AM
Resolution No. ______

Festival event time: Saturday, September 5, 2026, 8:00 AM to 2:00 PM End of event: Saturday, September 5, 2026, by 5:00 PM

2. All amplified music and sounds from the shall end at 5:00 PM

3. The Church shall provide sufficient trash receptacles in the event area and shall remove all trash from the area on and around the property at the conclusion of the special event.

4. All Church approved retail vendors of the special event shall have a business license with the City of Taft. No retail vendor shall be issued a business license without being an authorized vendor by the Church.

5. The Church shall provide sufficient personnel to assist with the organization of the event for the vendors, maintenance, game areas, food areas, and with vehicles in the parking lot.

PASSED, APPROVED, AND ADOPTED this 1st day of September, 2026 ________________________________
Dave Noerr, Mayor
ATTEST:
__________________________________
Faith Melton
City Clerk

STATE OF CALIFORNIA )

COUNTY OF KERN ) SS

CITY OF TAFT )
I, Faith Melton, City Clerk of the City of Taft, do hereby certify that the foregoing Resolution was duly and regularly adopted by the City Council of the City of Taft at a regular meeting thereof held on the 1st day of September 2026, by the following vote:

AYES: COUNCIL MEMBERS:

NOES: COUNCIL MEMBERS:

ABSENT: COUNCIL MEMBERS:

ABSTAIN: COUNCIL MEMBERS:
__________________________________
Faith Melton
City Clerk

REVIEWED BY:

CITY CLERK FINANCE DIRECTOR CITY MANAGER
City of Taft Agenda Report
DATE: SEPTEMBER 1, 2026
TO: HONORABLE MAYOR AND COUNCIL MEMBERS
AGENDA MATTER:

AUTHORZING BY RESOLUTION THE USE OF AND APPLICATION FOR $10,573 IN FY 2026- 27 FOR THE CALIFORNIA STATE OF GOOD REPAIR PROGRAM FOR TRANSIT PROJECTS SUMMARY STATEMENT:

The City of Taft is an eligible project sponsor and may receive State Transit Assistance funding from the State of Good Repair Account (SGR) now or sometime in the future for transit projects. The statutes related to state-funded transit projects require a local or regional implementing agency to abide by various regulations.

The city submitted a project list which included the replacement and upgrades of computers and servers at the Transit Office, but the list can be updated or modified as Transit needs change.

RECOMMENDED ACTION
Motion to adopt a resolution entitled A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TAFT APPROVAL OF THE PROPOSED PROJECT LIST FOR THE FY 2026 – 2027 CALIFORNIA SENATE BILL 1-STATE OF GOOD REPAIR PROGRAM.

IMPACT ON BUDGET (Y/N): No
ATTACHMENT (Y/N): Yes – Resolution
PREPARED BY: Finance Department Staff
RESOLUTION NO._________________

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TAFT
APPROVAL OF THE PROPOSED PROJECT LIST FOR THE FY 2026 – 2027 CALIFORNIA SENATE BILL 1 -STATE OF GOOD REPAIR

PROGRAM
WHEREAS, the City of Taft is an eligible project sponsor and may receive State Transit Assistance funding from the State of Good Repair Account (SGR) now or sometime in the future for transit projects; and
WHEREAS, the statutes related to state-funded transit projects require a local or regional implementing agency to abide by various regulations; and WHEREAS, Senate Bill 1 (2017) named the Department of Transportation (Department) as the administrative agency for the SGR; and
WHEREAS, the Department has developed guidelines for the purpose of administering and distributing SGR funds to eligible project sponsors (local agencies); and WHEREAS, the City of Taft wishes to delegate authorization to execute these documents and any amendments thereto to the City Manager, Human Resources/Assistant City Manager, Finance Director.

WHEREAS, in order to qualify for the SB1-SGR funding allocation, the City of Taft is required to submit a proposed project list of California Department of Transportation (Caltrans) on an annual basis and for FY 2026-2027, City of Taft propose to fund the Replacement of and upgrades of computer and servers Transit Office.

WHEREAS, the City of Taft wishes to authorize the use of, and application for $10,573.00 in fiscal year 2026-2027 SB1-SGR funding to be used for the Replacement of and upgrades of computer and servers Transit Office.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Taft authorizes the use of, and application for $10,573.00 in fiscal Year 2026-2027 SGR funding to be used for the Replacement of and upgrades of computer and servers Transit Office.

PASSED, APPROVED AND ADOPTED on this 1st day of September 2026. ___________________________
Dave Noerr, Mayor
Attest:
____________________________
Faith Melton
City Clerk
STATE OF CALIFORNIA }
COUNTY OF KERN }SS
CITY OF TAFT }
I, Faith Melton, City Clerk of the City of Taft, California, do hereby certify that the foregoing Resolution was duly and regularly introduced and adopted at a regular meeting thereof held on the 1st day of September 2026, by the following vote:

AYES: Councilmembers:

NOES: Councilmembers:

ABSENT: Councilmembers:

ABSTAIN: Councilmembers:
___________________________
Faith Melton
City Clerk
REVIEWED BY:

CITY CLERK FINANCE DIRECTOR CITY MANAGER
City of Taft Agenda Report
DATE: SEPTEMBER 1, 2026
TO: HONORABLE MAYOR AND COUNCIL MEMBERS
AGENDA MATTER:
2026 ANNUAL MILITARY EQUIPMENT REPORT
SUMMARY STATEMENT:

On September 30, 2021, AB 481 was signed into law to address the funding, acquisition, and use of military equipment. AB 481 requires adoption of a military equipment use policy by the Council, which happened on July 19, 2022 by Ordinance 847-22.

AB 481 requires that the law enforcement agency with the approved Military Equipment Use Policy submit to the governing body an annual military equipment report for each type of military equipment approved by the governing body annually for review, as long as the equipment is available for use.

The attached report has been completed to meet the requirements of AB 481 and is now being submitted to the Council for review.

RECOMMENDED ACTION

1. Review report

2. Motion to receive and file the 2026 Annual Military Equipment Report and find that the activity is not a project per the California Environmental Quality Act (CEQA) as set forth in Section 15060(c)(3) and Section 15378 of the CEQA Guidelines.

IMPACT ON BUDGET (Y/N): Yes
ATTACHMENT (Y/N): Yes, Annual Military Equipment Report PREPARED BY: Chief of Police
The Taft Police Department
Celebrating 100 Years
1910 to 2010
2026 Annual Military Equipment Report
Assembly Bill 481 (“AB 481”), codified at Sections 7070 through 7075 of the California Government Code, requires law enforcement agencies to obtain approval from their governing bodies of military equipment use policies before purchasing, raising funds for, or acquiring military equipment. This initial policy must be passed via ordinance, then reviewed and renewed by the governing body each year. AB 481 provides an expansive definition of “military equipment” that includes many items which law enforcement agencies use, deploy, and obtain on a regular basis. The law enforcement agency is required to return annually to provide a military equipment report (“Annual Report”) to the governing body and the public at large. The law enforcement agency is also required to host a community engagement meeting for members of the public to attend.

A Military Equipment Use Policy (“Policy”) governing the use of items that are deemed “military equipment” is required under AB 481. On July 19, 2022, the Taft City Council adopted a military equipment use policy, by Ordinance 847-22. Since then, the Taft Police Department has successfully maintained the military equipment in accordance with the policy. This Annual Report has been prepared in accordance with Government Code Section 7072(a). The Taft City Council will provide an open forum for the public on October 20, 2026, in the City Council Chambers, located at 209 E. Kern, Taft, CA.

The following constitutes the Taft Police Department’s Annual Report:
(1) 2006 AM General Armored Humvee
(a) Use of Equipment: None
(b) Concerns and Complaints Received: None.
(c) Internal Audit Results and Response: None.
(d) Total Annual Cost (including acquisition, personnel, training, transportation, maintenance, storage, upgrade, and other ongoing costs): Approximately $500.00 (I) Funding source for FY 25-26: General Fund.
(e) Quantity: 1
(f) Future Acquisition Plans: None
(2) 2006 AM General Humvee
(a) Use of Equipment: Not used.
(b) Concerns and Complaints Received: None.
(c) Internal Audit Results and Response: None.
(d) Total Annual Cost (including acquisition, personnel, training, transportation, maintenance, storage, upgrade, and other ongoing costs): Approximately $500.00. (i) Funding source for FY 25-26: General Fund.
(e) Quantity: 1
(f) Future Acquisition Plans: None.
2026 Annual Military Equipment Report

POLICE CODE ENFORCEMENT ANIMAL CONTROL
(3) 2008 BAE Systems Armored MRAP
(a) Use of Equipment: Not used.
(b) Concerns and Complaints Received: None.
(c) Internal Audit Results and Response: None.
(d) Total Annual Cost (including acquisition, personnel, training, transportation, maintenance, storage, upgrade, and other ongoing costs): Approximately $600.00. (i) Funding source for FY 25-26: General Fund.
(e) Quantity: 1
(f) Future Acquisition Plans: None.