Hybrid Options are available for members of the public to participate. To participate remotely:
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Dial (669) 900-6833
Enter Meeting ID: 914 0075 0676#
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VALLEJO CITY COUNCIL
REGULAR MEETING – 7:00 PM
COUNCIL CHAMBERS
555 Santa Clara Street, Vallejo, California
SEPTEMBER 12, 2023
NOTICE: Members of the Public will be able to participate in-person or remotely via Zoom.
City Hall and the Council Chambers will be open to members of the public 30 minutes prior to the start of the meeting.
PUBLIC COMMENT: Members of the Public may provide public comments during the City Council Meeting in person or via ZOOM
(https://ZoomRegular.Cityofvallejo.net), or via phone, by dialing (669) 900-6833.
For additional instructions on how to speak remotely during public comment, please visit, www.cityofvallejo.net/publiccomment
VIEW THE MEETING:
There are four different ways you can view this public meeting:
• In Person
• Watch Vallejo local channel 28
• Stream from the City website: www.cityofvallejo.net/Streaming • Join the Zoom webinar:https://ZoomRegular.Cityofvallejo.net
Vallejo City Council Chambers ADA compliant. Devices for the hearing impaired are available from the City Clerk. Requests for disability related modifications or accommodations, aids or services may be made by a person with a disability to the City Clerk's office no less than 72 hours prior to the meeting as required by Section 202 of the Americans with Disabilities Act of 1990 and the federal rules and regulations adopted in implementation thereof.
1. CALL TO ORDER
2. ROLL CALL
3. PLEDGE OF ALLEGIANCE
4. REPORT OUT OF CLOSED SESSION
5. PRESENTATIONS AND COMMENDATIONS
A. PRESENTATION OF A PROCLAMATION HONORING PUBLIC SCHOOLS WEEK
6. FIRST COMMUNITY FORUM
The Community Forum is an opportunity to address the Council on any matter for which another opportunity to speak is not provided on the agenda, and which is within the jurisdiction of the Council to resolve. Any interested members of the public desiring to communicate with the City Council as part of the First Community Forum may do so in person by signing in to the Public Speaker's kiosk located in the back of the Council Chambers or via ZOOM:(https://ZoomRegular.Cityofvallejo.net), Option to join by phone: Dial (669) 900-6833. Enter Meeting ID: 914 0075 0676#. Press * 9 to digitally raise your hand from the phone. Press *6 to unmute/mute. For additional instructions on how to speak remotely during public comment, please visit, www.cityofvallejo.net/publiccomment. In person speakers will be recognized first. When called upon, each speaker should step to the podium, state his/her name for the record. The conduct of the community forum shall be limited to a maximum of fifteen (15) minutes, with each speaker limited to a maximum of three minutes pursuant to Vallejo Municipal Code Section 2.02.300.
7. PUBLIC COMMENT REGARDING CONSENT CALENDAR ITEMS
Members of the public wishing to address the Council on Consent Calendar items may do so in person by signing in to the Public Speaker's kiosk located in the back of the Council Chambers or via ZOOM:(https://ZoomRegular.Cityofvallejo.net), Option to join by phone: Dial (669) 900-6833. Enter Meeting ID: 914 0075 0676#. Press * 9 to digitally raise your hand from the phone. Press *6 to unmute/mute. For additional instructions on how to speak remotely during public comment, please visit, www.cityofvallejo.net/publiccomment. In person speakers will be recognized first. Each speaker is limited to three minutes pursuant to Vallejo Municipal Code Section 2.02.310. Requests for removal of Consent Items received from the public are subject to approval by a majority vote of the Council. Items removed from the Consent Calendar will be heard immediately after approval of the Consent Calendar and Agenda.
8. CONSENT CALENDAR AND APPROVAL OF AGENDA
A. APPROVAL OF MINUTES
Recommendation: Approve minutes for the special meetings of August 29, 2023
Contact: Dawn G. Abrahamson, MMC, City Clerk (707) 648-4527 [email protected]
B. WAIVE FULL READING AND AUTHORIZING INTRODUCTIONS AND/OR
ADOPTION OF ORDINANCES BY TITLE ONLY
Recommendation: Waive reading and authorize introductions and/or adoption of any and all ordinances on this agenda, if any, by title only. This is a standard procedural action so the City Council does not have to read an ordinance in its entirety.
Contact: Dawn G. Abrahamson, MMC, City Clerk (707) 648-4527 [email protected]
C. ADOPT A RESOLUTION APPROVING THE FIRST AMENDMENT TO THE
CONSULTANT AND PROFESSIONAL SERVICES AGREEMENT WITH LIND
MARINE, LLC FOR VESSEL TOWING AND DISPOSAL SERVICES TO
INCREASE THE MAXIMUM AMOUNT OF THE CONTRACT TO $750,000
AND AUTHORIZING THE CITY MANAGER TO EXECUTE SAME
Recommendation: Adopt a resolution approving the First Amendment to the Consultant and Professional Services Agreement with Lind Marine, LLC to increase the maximum amount of the contract to $750,000 and authorizing the City Manager to execute same.
Contact: Melissa Tigbao P.E.,Public Works Director, (707) 648-4433 [email protected]
D. CITY TREASURER’S INVESTMENT REPORT
Recommendation: Accept the City Treasurer’s Investment Report for the quarter ended June 30, 2023
Contact: Rekha Nayar, Finance Director, (707) 648-4592
[email protected]
E. ADOPT A RESOLUTION AWARDING DESIGN PROFESSIONAL
SERVICES AGREEMENTS IN THE AMOUNT OF $800,000 EACH TO: 1) FEHR & PEERS, 2) INTERWEST CONSULTING GROUP, INC., 3)
KIMLEY-HORN AND ASSOCIATES, INC., 4) TJKM TRANSPORTATION CONSULTANTS, AND 5) W-TRANS TO PROVIDE FEDERAL TRAFFIC
ENGINEERING SERVICES AND AUTHORIZING THE CITY MANAGER
TO EXECUTE SAME
Recommendation: Adopt a resolution awarding design professional services agreements in the amount of $800,000 each to: 1) Fehr & Peers, 2) Interwest Consulting Group, Inc., 3) Kimley-Horn and Associates, Inc., 4) TJKM Transportation Consultants, and 5) W-Trans to provide on-call federal traffic engineering services and authorizing the City Manager to execute same.
Contact: Melissa Tigbao, PE, Public Work Director, 707-648-4433 [email protected]
F. ADOPT A RESOLUTION APPROVING SEPARATE ON-CALL
CONSULTANT AND PROFESSIONAL SERVICES AGREEMENTS WITH
ALISTO ENGINEERING GROUP, GEOCON CONSULTANTS, INC.,
MILLENIUM CONSULTING ASSOCIATES, NINYO & MOORE
GEOTECHNICAL AND ENVIRONMENTAL SCIENCES CONSULTANTS,
AND TERRACON CONSULTANTS, INC. FOR HAZARDOUS MATERIALS
SERVICES AND AUTHORIZING THE CITY MANAGER TO EXECUTE SAME IN AN AMOUNT NOT TO EXCEED $500,000 EACH
Recommendation: Adopt a resolution approving separate on-call consultant and professional services agreements with Alisto Engineering Group, Geocon Consultants, Inc., Millennium Consulting Associates, Ninyo & Moore Geotechnical and Environmental Sciences Consultants (Ninyo & Moore), and Terracon Consultants, Inc. for hazardous materials services and authorize the City Manager to execute the same in an amount not to exceed $500,000 each.
Contact: Melissa Tigbao, P.E., Public Works Director, 707-648-4433 [email protected]
G. ADOPT A RESOLUTION AWARDING DESIGN PROFESSIONAL SERVICES AGREEMENTS IN THE AMOUNT OF $500,000 EACH TO: 1) ADVANCE DESIGN CONSULTANTS, INC., 2) INTERACTIVE RESOURCES, INC., 3) LCA ARCHITECTS, INC., AND 4) TECTONICS TO PROVIDE ON-CALL
ARCHITECTURAL DESIGN SERVICES AND AUTHORIZING THE CITY
MANAGER TO EXECUTE SAME
Recommendation: Adopt a resolution awarding design professional services agreements in the amount of $500,000 each to: 1) Advance Design Consultants, Inc., 2) Interactive Resources, Inc., 3) LCA Architects, Inc., and 4) TECTONICS to provide on-call architectural design services and authorizing the City Manager to execute same.
Contact: Melissa Tigbao, P.E., Public Work Director, 707-648-4433 [email protected]
H. ADOPT A RESOLUTION AWARDING DESIGN PROFESSIONAL SERVICES
AGREEMENTS TO IMEG CORPORATION, MARK THOMAS & COMPANY,
INC., AND ZFA STRUCTURAL ENGINEERS FOR STRUCTURAL
ENGINEERING SERVICES IN AN AMOUNT NOT TO EXCEED $500,000 EACH
AND AUTHORIZING THE CITY MANAGER TO EXECUTE SAME
Recommendation: Adopt a resolution awarding separate design professional services agreements with three consulting firms, IMEG, Mark Thomas & Company, Inc., and ZFA Structural Engineers, to provide on-call structural engineering services, and authorizing the City Manager to execute the same in an amount not to exceed $500,000 each.
Contact: Melissa Tigbao, P.E., Public Work Director, 707-648-4433 [email protected]
I. ADOPT A RESOLUTION APPROVING A FIRST AMENDMENT TO THE
JANITORIAL SERVICES AGREEMENT WITH UNIVERSAL BUILDING
SERVICES TO INCREASE THE CONTRACT AMOUNT FROM $2,250,000 TO $2,625,000, AND ADD LANGUAGE TO THE SCOPE OF WORK
Recommendation: Adopt a resolution authorizing the City Manager to execute a First Amendment to the Janitorial Services Agreement with Universal Building Services (UBS) to increase the not-to-exceed amount to $2,625,000, and add language to the Scope of Work regarding the use of recycled-content paper products.
Contact: Melissa Tigbao, P.E., Public Work Director, 707-648-4433 [email protected]
J. ADOPT A RESOLUTION ACCEPTING THE OFFICER WELLNESS AND
MENTAL HEALTH GRANT AWARD FROM THE BOARD OF STATE AND
COMMUNITY CORRECTIONS AND NOTICING INTENT TO AMEND FISCAL YEAR 2023-24 BUDGET IN THE AMOUNT OF $61,783.27
Recommendation:
1. Adopt a Resolution accepting the Officer Wellness and Mental Health Grant Program award totaling $61,783.27 from the Board of State and Community Corrections.
2. As the first in a two-step process, accept notice of intent to amend the Fiscal Year 2023/2024 Officer Wellness and Mental Health Grant Program General Fund budget to recognize revenue and appropriate expenditure in the amount of $61,784.
Contact: Jason Ta, Interim Chief of Police (707) 648-4540 [email protected]
K. ADOPT A RESOLUTION REJECTING ALL BIDS FOR THE PEDESTRIAN CROSSING IMPROVEMENTS PROJECT (PW9736) AND DIRECTING STAFF
TO REBID THE PROJECT
Recommendation: Adopt a Resolution rejecting all bids for the Pedestrian Crossing Improvements Project (PW9736) and directing staff to rebid the project.
Contact: Melissa Tigbao, PE, Public Works Director (707) 648-4433 [email protected]
L. ADOPT A RESOLUTION APPROVING A COOPERATIVE AGREEMENT WITH CALTRANS IN THE AMOUNT OF $175,000 TO PROVIDE PROJECT
INITIATION DOCUMENT (PID)SERVICES FOR THE VALLEJO BLUFF
TRAIL PROJECT AND AUTHORIZING THE CITY MANAGER TO EXECUTE SAME
Recommendation: Adopt a resolution approving a cooperative agreement with Caltrans in the amount of $175,000 to provide Project Initiation Document (PID) services for the Vallejo Bluff Trail project and authorizing the City Manager to execute same.
Contact: Melissa Tigbao, PE, Public Works Director, (707) 648-4433 [email protected]
M. ADOPT A RESOLUTION AUTHORIZING THE CITY MANAGER TO APPLY
FOR A COMMUNITY RESILIENCE CENTER PLANNING GRANT FROM THE
CALIFORNIA STRATEGIC GROWTH COUNCIL
Recommendation: Adopt a resolution authorizing the City Manager to submit an application from the City of Vallejo to the California Strategic Growth Council for the Community Resiliency Program.
Contact: Gillian Hayes, Assistant City Manager (707) 648-4163 [email protected]
N. ADOPT A RESOLUTION APPROVING A 120-DAY EXTENSION TO LESSEE, YOCHE DE
HE WINTUN NATION, DUE DILIGENCE PERIOD (WITH A POTENTIAL ADDITIONAL 60-DAY EXTENSION) PURSUANT TO SECTION 3.3 OF THE LEASE AGREEMENT FOR 285 MARE ISLAND WAY, FINDING THE ACTION EXEMPT FROM THE CALIFORNIA
ENVIRONMENTAL QUALITY ACT (CEQA) PURSUANT TO CEQA GUIDELINES SECTION 15306 INFORMATION GATHERING AND SECTION 15309 INSPECTIONS,
AND AUTHORIZING THE CITY MANAGER TO EXECUTE SAME
Recommendation: Adopt a Resolution approving a 120-day extension to Lessee’s due diligence period pursuant to Section 3.3 of the Lease Agreement for 285 Mare Island Way, finding the action exempt under the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15306 Information Gathering and 15309 Inspections, and authorizing the City Manager to execute same.
Contact: Gillian Hayes, Assistant City Manager (707) 648-4163 [email protected]
Michal Nimon, Economic Development Director (707) 648-4109 [email protected]
O. ADOPT A RESOLUTION APPROVING A CONTRACT WITH SMART FIBER NETWORK IN AN AMOUNT NOT TO EXCEED $153,537.33 TO INSTALL
PUBLIC WI-FI IN VALLEJO DOWNTOWN, WATERFRONT & FERRY
BUILDING, BLUE ROCK SPRINGS PARK, AND DAN FOLEY PARK, AND
AUTHORIZING THE CITY MANAGER TO EXECUTE SAME
Recommendation: Adopt a resolution authorizing the City Manager to execute a contract with Smart Fiber Network in an amount not to exceed $153,537.33 to install public wi-fi in Vallejo Downtown, Waterfront & Ferry building, Blue Rock Springs Park, and Dan Foley Park.
Contact: Naveed Ashraf, Chief Innovation Officer & IT Director (707) 648-5200 [email protected]
9. ACTION CALENDAR
NOTICE: Members of the public wishing to address the Council on Action Calendar Items may do so in person by signing in to the Public Speaker's kiosk located in the back of the Council Chambers or via ZOOM (https://ZoomRegular.Cityofvallejo.net), or via phone, by dialing (669) 900-6833. Enter Meeting ID: 914 0075 0676#. Press *9 to digitally raise your hand from the phone. Press *6 to unmute/mute. For additional instructions on how to speak remotely during public comment, please visit, www.cityofvallejo.net/publiccomment. Each speaker is limited to five minutes pursuant to Vallejo Municipal Code Section 2.02.420 or as approved and announced by the Mayor. In person speakers will be recognized first.
A. CONSIDERATION OF STAFF RECOMMENDATIONS ON FUNDING
ALLOCATION OF AMERICAN RESCUE PLAN ACT (ARPA) STATE AND
LOCAL FISCAL RECOVERY FUNDS (SLFRF) AND PROVIDE NOTICE OF INTENT TO AMEND THE BUDGET (STEP 1)
Recommendation:
1. Receive a presentation regarding the American Rescue Plan Act and consider staff recommendations on the reallocation of ARPA State and Local Fiscal Recovery Funds
2. Provide notice to amend FY 2023-24 budget related to ARPA State and Local Fiscal Recovery Funds
Contact: Mike Malone, City Manager (707) 648-4576
[email protected]
Terrance Davis, Assistant City Manager, (707) 648-4577
[email protected]
B. UPDATE ON ACTIONS TAKEN AND CONFIRMATION OF THE CONTINUED
EXISTANCE OF THE CONDITIONS LEADING TO THE DECLARATION OF A
STATE OF LOCAL EMERGENCY RELATING TO PUBLIC SAFETY
STAFFING
Recommendation: Receive the update and confirm the continued existence of the conditions leading to the declaration of a state of local emergency.
Contact: Jason Ta, Interim Chief of Police (707) 648-4540 [email protected]
C. ADOPT A RESOLUTION APPROVING A FIRST AMENDMENT TO THE
DESIGN PROFESSIONAL SERVICES AGREEMENT WITH INDIGO
HAMMOND + PLAYLE ARCHITECTS, LLP TO: 1) INCREASE THE
CONTRACT AMOUNT BY $2,671,765 TO A MAXIMUM NOT TO EXCEED AMOUNT OF $5,634,700; 2) MODIFY THE SCOPE OF WORK TO INCLUDE ADDITIONAL DESIGN SERVICES FOR A NEW POLICE FACILITY AT 111 AMADOR STREET; AND 3) EXTEND THE TERM BY ONE YEAR, WITH
TWO ONE-YEAR OPTIONS TO EXTEND, AND AUTHORIZING THE CITY
MANAGER TO EXECUTE SAME
Recommendation: Adopt a resolution approving a First Amendment to the Design Professional Services Agreement with Indigo Hammond + Playle Architects, LLP to: 1) increase the contract amount by $2,671,765 to a maximum not to exceed amount of $5,634,700; 2) modify the Scope of Work to include additional design services for a new police facility at 111 Amador Street; and 3) extend the term by one year, with two one-year options to extend, and authorizing the City Manager to execute same.
Contact: Melissa Tigbao, P.E., Public Work Director, 707-648-4433 [email protected]
D. APPROVE FIRST AMENDMENT TO CITY MANAGER EMPLOYMENT
AGREEMENT
Recommendation: Adopt a resolution approving an amendment to the Employment Agreement for City Manager, Michael Malone.
Contact: Stephanie Sifuentes, Human Resources Director
[email protected]
10. INFORMATION CALENDAR
11. CITY MANAGER’S REPORT
12. CITY ATTORNEY’S REPORT
13. COMMUNITY FORUM
Any interested members of the public desiring to communicate with the City Council as part of the last Community Forum may do so in person by signing in to the Public Speaker's kiosk located in the back of the Council Chambers or via ZOOM:(https://ZoomRegular.Cityofvallejo.net), Option to join by phone: Dial (669) 900-6833. Enter Meeting ID: 914 0075 0676#. Press * 9 to digitally raise your hand from the phone. Press *6 to unmute/mute. For additional instructions on how to speak remotely during public comment, please visit, www.cityofvallejo.net/publiccomment. In person speakers will be recognized first.
14. REPORT OF THE PRESIDING OFFICER AND MEMBERS OF THE CITY COUNCIL
15. ADJOURNMENT
___________________________________________________________________________________________
ADDITIONAL CITY INFORMATION
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Dated: Wednesday, September 6, 2023
Robert H. McConnell, Mayor
I, Dawn Abrahamson, City Clerk do hereby certify that I have caused a true copy of the above notice and agenda to be delivered to each of the members of the Vallejo City Council, at the time and in the manner prescribed by law and that this agenda was posted at City Hall, 555 Santa Clara Street, CA at 10:00 a.m., Wednesday, September 6, 2023.
Dated: Wednesday, September 6, 2023
Dawn G. Abrahamson, City Clerk
Special City Council Meeting Minutes
August 29, 2023
Page | 1
VALLEJO CITY COUNCIL
SPECIAL MEETING MINUTES
AUGUST 29, 2023
COUNCIL CHAMBERS
555 Santa Clara Street, Vallejo, California
1. CALL TO ORDER
The meeting was called to order at 4:30 p.m.
2. ROLL CALL
Present: Mayor McConnell, Vice Mayor Verder-Aliga (arrived at 4:40 p.m.), Councilmembers Arriola, Loera-Diaz, Matulac, and Palmares (arrived at 5:40 p.m.)
Absent: Councilmember Bregenzer
Staff present: City Manager Malone, City Attorney Nebb, City Clerk Abrahamson, Assistant City Managers Davis and Hayes, Chief Assistant City Attorney Risner, Assistant City Attorney Knight, Police Chief Ta, Deputy Police Chief Gomez, and Captain Knight
The City Council convened into Closed Session at 4:33 p.m.
3. CLOSED SESSION
A. Conference with Legal Counsel - Existing Litigation Pursuant to California Government Code section 54956.9(d)(1):
Baker v. City of Vallejo, et al., Solano County Superior Court, Case No.
FCS059686;
Charpentier v. City of Vallejo, Solano County Superior Court, Case No.
FCS058765;
Green v. City of Vallejo, Solano County Superior Court, Case No. CU23-00329; Informed California Foundation, Inc. v. City of Vallejo, Solano County Superior Court, Case No. FCS057109;
Kennedy v. Taylor, et al., Solano County Superior Court, Case No. CU23-1125; Landcare USA, LLC v. City of Vallejo, Solano County Superior Court, Case No.
FCS058078;
Matzke et al. v. City of Vallejo, et al., Solano County Superior Court, Case No.
FCS056066;
Milano v. Duncan, et al., United States District Court, Eastern District of California, Case No. 2:22-cv-00071-KJM-JDP;
Minor v. Eaton, et al., Solano County Superior Court, Case No. FCS056322; Monterrosa, et al. v. City of Vallejo, et al., United States District Court, Eastern District of California, Case No. 2:20-cv-01563-TLN-DB;
Rhodes et al. v. State of California Department of Transportation, et al., Sacramento County Superior Court, Case No. 23CV00013J;
Robinson v. City of Vallejo, et al., Solano County Superior Court, Case No.
FCS058403;
Root v. City of Vallejo, et al., Solano County Superior Court, Case No.
FCS057746;
Special City Council Meeting Minutes
August 29, 2023
Page | 2
Sanz v. City of Vallejo, et al., United States District Court, Eastern District of California, Case No. 2:19-cv-02134-TLN-DB;
Shepard-Hall v. City of Vallejo, et al., Solano County Superior Court, Case No.
CU23-00260;
Thurston v. City of Vallejo, et al., United States District Court, Eastern District of California, Case No. 2:19-cv-01902-KJM-CKD;
Vaughn v. Solano County, et al., Solano County Superior Court, Case No.
FCS056104;
Whitney v. City of Vallejo, et al., Solano County Superior Court, Case No.
FCS055842.
Belcher Harrison, et al. v. City of Vallejo, Napa County Superior Court, Case No. 23CV000984;
Buster v. City of Vallejo, et al., United States District Court, Eastern District of California, Case No. 2:18-cv-01860-TLN-EFB;
California Automobile Ins. Company v. City of Vallejo, Solano County Superior Court, Case No. CU23-02854;
Leitzke v. City of Vallejo, Solano County Superior Court, Case No. CU23-02170; New Faze Development, Inc. v. City of Vallejo, Solano County Superior Court, Case No. FCS058776;
Nickolas v. City of Vallejo, Solano County Superior Court, Case No. CU23- 00273;
B. Conference with Legal Counsel - Anticipated Litigation Significant Exposure to Litigation Pursuant to Government Code Section 54956.9(d)(2)
1 Case
4. ADJOURNMENT
The meeting adjourned at 7:07 p.m.
________________________________
ROBERT H. MCCONNELL, MAYOR
ATTEST:
________________________________
DAWN G. ABRAHAMSON
CITY CLERK
Special City Council Meeting Minutes
August 29, 2023
Page | 1
VALLEJO CITY COUNCIL
REGULAR MEETING MINUTES
JULY 25, 2023
COUNCIL CHAMBERS
555 Santa Clara Street, Vallejo, California
1. CALL TO ORDER
The meeting was called to order at 7:10 p.m.
2. ROLL CALL
Present: Mayor McConnell, Vice Mayor Verder-Aliga, Councilmembers Arriola, Loera- Diaz, Matulac, and Palmares
Absent: Councilmember Bregenzer
Staff present: City Manager Malone, City Attorney Nebb and City Clerk Abrahamson
3. PLEDGE OF ALLEGIANCE
4. REPORT OUT OF CLOSED SESSION
City Attorney Nebb reported Council provided direction to legal counsel on some of the cases as listed on the Closed Session agenda for Item 3A and provided direction to legal counsel on Closed Session Item 3B.
5. PRESENTATIONS AND COMMENDATIONS
Action: Presentation was made by Kent Fortner.
A. MARE ISLAND HISTORIC FOUNDATION UPDATE
6. PUBLIC COMMENT REGARDING CONSENT CALENDAR ITEMS
Speakers: Luther Hendricks (Item 7D) and AJ (Item 7B).
7. CONSENT CALENDAR AND APPROVAL OF AGENDA
Action: Moved by Vice Mayor Verder-Aliga and carried unanimously by members present, unless otherwise noted, approval of the Agenda and the Consent Calendar (Absent: Bregenzer).
A. APPROVAL OF MINUTES
Recommendation: Approve minutes for the special and regular meetings of July 25, 2023 and the special meeting of August 17, 2023
Contact: Dawn G. Abrahamson, MMC, City Clerk (707) 648-4527 [email protected]
Action: adopted minutes.
B. ADOPT A RESOLUTION APPROVING A FOURTH AMENDMENT TO THE DESIGN PROFESSIONAL SERVICES AGREEMENT WITH WSP USA, INC.
TO INCREASE THE CONTRACT AMOUNT FROM $961,866 TO $1,167,313
FOR THE MARE ISLAND CAUSEWAY BRIDGE PREVENTATIVE
MAINTENANCE PROJECT (PW9762) AND AUTHORIZING THE CITY
MANAGER TO EXECUTE SAME
Special City Council Meeting Minutes
August 29, 2023
Page | 2
Recommendation: Adopt a resolution approving a fourth amendment to the Design Professional Services Agreement with WSP, USA, Inc., to increase the contract amount from $961,866 to $1,167,313 for the Mare Island Causeway Bridge Preventive Maintenance Project (PW9762) and authorizing the City Manager to execute same.
Contact: Melissa Tigbao, PE, Public Works Director (707) 648-4433 [email protected]
Action: adopted Resolution No. 23-136 N.C.
C. ADOPT A RESOLUTION GRANTING AN EASEMENT TO PACIFIC GAS AND
ELECTRIC COMPANY (PG&E) FOR THE INSTALLATION OF A
TRANSFORMER AND METER OVER A PORTION OF PARKING LOT J AT 301 VIRGINIA STREET AFTER FINDING THE ACTION EXEMPT UNDER THE
CALIFORNIA ENVIRONMENTAL QUALITY ACT (CEQA) PURSUANT TO CEQA GUIDELINES SECTION 15303(d)
Recommendation: Adopt a Resolution granting an easement to Pacific Gas and Electric Company (PG&E) for the installation of a transformer and meter over a portion of Parking Lot J at 301 Virginia Street after finding the action exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15303(d).
Contact: Melissa Tigbao, PE, Public Works Director (707) 648-4433 [email protected]
Action: adopted Resolution No. 23-137 N.C.
D. ADOPT A RESOLUTION AUTHORIZING THE SUBMISSION OF A
NATIONAL PARK SERVICE APPLICATION FOR VALLEJO TO BECOME A
WORLD WAR II HERITAGE CITY AND AUTHORIZING THE MAYOR TO
SIGN A LETTER OF SUPPORT FOR SAME
Recommendation: Adopt a resolution authorizing the submission of a National Park Service application for Vallejo to become a World War II Heritage City and authorizing the Mayor to sign a letter of support for same.
Contact: Erik Rzomp, Executive Assistant to Mayor McConnell (707) 648-4733 [email protected]
Action: adopted Resolution No. 23-138 N.C.
E. ADOPT A RESOLUTION APPROVING THE FIRST AMENDMENT TO THE
CONSULTANT AND PROFESSIONAL SERVICES AGREEMENT WITH TRB & ASSOCIATES, INC. FOR BUILDING CONSULTING SERVICES
INCREASING THE NOT TO EXCEED AMOUNT BY $100,000 FOR A TOTAL NOT TO EXCEED AMOUNT OF $200,000
Recommendation: Adopt a resolution approving the First Amendment to the Consultant and Professional Services Agreement
with TRB & Associates, Inc. for building consulting services increasing the not to exceed amount by $100,000 for a total not to exceed amount of $200,000.
Contact: Christina Ratcliffe, Planning and Development Services Director (707) 648-4326
[email protected]
Action: adopted Resolution No. 23-139 N.C.
Special City Council Meeting Minutes
August 29, 2023
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8. ACTION CALENDAR
A. ADOPT A RESOLUTION ACCEPTING THE PARTICIPATORY BUDGETING CYCLE 8 VOTE RESULTS AND ALLOCATING FUNDS TO PROJECTS, AND PROVIDING NOTICE TO AMEND THE FISCAL YEAR 2023-24 BUDGET TO
INCREASE REVENUES AND EXPENDITURES ACCORDINGLY
Recommendation:
1. Adopt a resolution to accept the results of the Participatory Budgeting Cycle 8 vote and allocate funding to the awarded projects
2. Provide notice to amend the budget of the General Fund (#001) and Capital Outlay Fund (#201) budget by $10,000
Contact: Terrance Davis, Assistant City Manager (707) 648-4301 [email protected]
Assistant City Manager Davis provided introductory comments.
Administrative Analyst I Magallanes provided background information, identified non-profit organizations, reviewed outreach efforts, shared the voting results, discussed project funding, identified the community selected projects, and concluded the presentation with the proposed recommendations.
Speakers: Elena Martinez, Taylor Kennedy, Aralyn Beaumont, Rodney Bell, Angelo Perez, Luis, Arnold Duron and Kerry.
Staff responded to questions from Councilmembers. Councilmembers provided comment.
Action: Moved by Vice Mayor Verder-Aliga and carried unanimously by members present to adopt Resolution No. 23-140 N.C., as revised accepting the results of the PB Cycle 8 vote and allocate funding to the awarded projects, providing notice of intent to amend the budget of the General Fund (#001) and Capital Outlay Fund (#201) budget by $10,000 and removing allocation of $300,000 for the Complete Our Street! Safety First at 5th Street project.
Reconsideration to allocate $300,000 for the project will be rescheduled at a future Council meeting after staff conducts a neighborhood meeting relating to the project (Absent – Bregenzer).
B. ADOPT A RESOLUTION CREATING A COUNCIL AD-HOC SUBCOMMITTEE
TO MEET WITH THE CITY OF AMERICAN CANYON REGARDING ISSUES
RELATING TO WATER AND APPOINTMENT OF TWO MEMBERS OF THE
CITY COUNCIL TO THE AD-HOC SUBCOMMITTEE
Recommendation: Adopt a resolution creating a City Council ad-hoc subcommittee to meet with a similar subcommittee from the City of American Canyon regarding issues related to water and appoint two City Council members as members of the ad-hoc subcommittee.
Contact: Mike Malone, City Manager (707) 648-4576
[email protected]
Special City Council Meeting Minutes
August 29, 2023
Page | 4
Councilmembers provided comment.
Action: Moved by Vice Mayor Verder-Aliga and carried unanimously by members present to adopt Resolution No. 23-141 N.C. appointing Councilmember Loera-Diaz and Councilmember Matulac to the ad-hoc subcommittee (Absent – Bregenzer).
C. RECEIVE AN UPDATE ON THE PUBLIC SAFETY STAFFING EMERGENCY Recommendation: Receive an update on the public safety staffing emergency proclamation.
Contact: Jason Ta, Interim Chief of Police (707) 648-4540 [email protected]
Interim Police Chief Ta provided an update on the status of Phases 1 through 4, outside assistance, current staffing numbers, and police facilities including the Dispatch Center and Police Headquarters.
Human Resources Director Sifuentes provided an update on police recruitment and retention efforts.
Staff responded to questions from Councilmembers.
Speakers: Carolyn Dyson, Dee Dee Barrett, Myriam Duncan, AJ, and Jameelah Hanif.
Another question and answer period followed. Councilmembers provided comment.
9. CITY MANAGER'S REPORT
City Manager Malone reported on the installation of solar lights in the Saint. Vincent Hills neighborhood with a completion date of mid-September.
10. CITY ATTORNEY'S REPORT – None.
11. REPORT OF THE PRESIDING OFFICER AND MEMBERS OF THE CITY COUNCIL Councilmembers reported on various community events and meetings attended.
12. ADJOURNMENT
The meeting adjourned at 10:454 p.m.
________________________________
ROBERT H. MCCONNELL, MAYOR
Special City Council Meeting Minutes
August 29, 2023
Page | 5
ATTEST:
________________________________
DAWN G. ABRAHAMSON
CITY CLERK
CONSENT CALENDAR 8.C.
DATE: September 12, 2023
TO: Mayor and Members of the City Council
FROM: Melissa Tigbao, Public Works Director
SUBJECT: ADOPT A RESOLUTION APPROVING THE FIRST AMENDMENT TO THE CONSULTANT
AND PROFESSIONAL SERVICES AGREEMENT WITH LIND MARINE, LLC FOR
VESSEL TOWING AND DISPOSAL SERVICES TO INCREASE THE MAXIMUM AMOUNT OF THE CONTRACT TO $750,000 AND AUTHORIZING THE CITY MANAGER TO
EXECUTE SAME
RECOMMENDATION
Adopt a resolution approving the First Amendment to the Consultant and Professional Services Agreement with Lind Marine, LLC to increase the maximum amount of the contract to $750,000 and authorizing the City Manager to execute same.
REASONS FOR RECOMMENDATION
Lind Marine, Inc. provides emergency and planned vessel towing, relocation, removal and disposal, and depth surveying services within and around the Vallejo Municipal Marina and the City’s small boat launch area. The current Consultant and Professional Services Agreement has a not to exceed limit of $100,000. Staff recommends an increase to the contract limit in order to keep up with the demand for abating surrendered and abandoned vessels throughout the term of the agreement.
BACKGROUND AND DISCUSSION
The Vallejo Municipal Marina (Marina) annually applies for the Surrendered and Abandoned Vessel Exchange (SAVE) grant administered by the California State Parks Division of Boating and Waterways. This grant assists public agencies with the removal of abandoned, submerged, sinking, and/or turned-in recreational vessels. The grant reimburses 90% of the cost to remove and dispose of such vessels. The Marina was awarded $150,000 in SAVE grant funding in Fiscal Year 2022-23, and has submitted an application for the same amount for the Fiscal Year 2023-24 grant cycle.
The Marina facilitates the removal of approximately 25 abandoned or surrendered vessels each year. The majority of these vessels are removed immediately as they create potentially hazardous conditions for the marine environment, other vessels using the waterway, public safety, and/or property of the City of Vallejo.
A formal Request for Proposals to provide various services for the Marina, including vessel towing, vessel disposals, and depth surveys, was advertised in June 2023. One proposal, from Lind Marine, LLC was received. A Professional Services Agreement for an amount not to exceed $100,000 was executed in July 2023 so vessel towing and disposal services could continue without interruption. The agreement has an expiration date of June 30, 2025, with three one-year options to extend.
In order to be able to continue assisting citizens who can no longer or do not wish to own their vessel, as well as abate abandoned vessels that become a danger in navigational waterways or to the environment, staff recommend increasing the agreement with Lind Marine, LLC to a not-to-exceed amount of $750,000. The contract limit is based on the cumulative amount of SAVE grant funding expected to be awarded to the Vallejo
Date: September 12, 2023
Subject: ADOPT A RESOLUTION APPROVING THE FIRST AMENDMENT TO THE
CONSULTANT AND PROFESSIONAL SERVICES AGREEMENT WITH LIND
MARINE, LLC FOR VESSEL TOWING AND DISPOSAL SERVICES TO INCREASE THE MAXIMUM AMOUNT OF THE CONTRACT TO $750,000 AND AUTHORIZING
THE CITY MANAGER TO EXECUTE SAME
Municipal Marina over the next five years.
FISCAL IMPACT
There is no fiscal impact associated with this action. Approximately 95% of costs incurred under the agreement are for work related to and reimbursed by the SAVE grant. Revenue and expenditure budget for SAVE grant activities are allocated to the Marina Abandoned Boat Project (PWM08) upon Council’s approval to recognize the grant funding awarded each year. The remaining 5% is for as-needed towing and depth surveys. The budget for these services is included in the Council approved Marina Fund (#415) operating budget each year.
ENVIRONMENTAL REVIEW
This action is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guideline section 15308 because it pertains to enforcement activities authorized by State law to maintain, restore, enhance and protect the environment.
ATTACHMENTS
1. RESO Lind Marine - First Amendment to Agreement 9.12.23_CAO Stamp
2. Lind Marine - First Amendment to Agreement_CAO Stamp
3. 24-PW007 LIND MARINE Consultant and Professional Services Agreement
CONTACT
Melissa Tigbao P.E.,Public Works Director, (707) 648-4433 [email protected]
RESOLUTION NO. 23- ______________
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VALLEJO APPROVING THE
FIRST AMENDMENT TO THE CONSULTANT AND PROFESSIONAL SERVICES
AGREEMENT WITH LIND MARINE, LLC, TO INCREASE THE MAXIMUM AMOUNT OF THE CONTRACT TO $750,000 AND AUTHORIZING THE CITY MANAGER TO EXECUTE SAME WHEREAS, in accordance with City of Vallejo purchasing requirements, a Request for Proposals to provide various services for the Marina, including vessel towing, vessel disposals, and depth surveys, was advertised in June 2023; and
WHEREAS, only one proposal, from Lind Marine, LLC, was received; and WHEREAS, it was determined it was in the City’s best interest to execute a Consultant and Professional Services Agreement with Lind Marine, LLC, in an amount not to exceed $100,000 for vessel towing and disposal services (Agreement); and WHEREAS, the cost for the majority of the services provided by Lind Marine, LLC is reimbursed by the Surrendered and Abandoned Vessel Exchange (SAVE) grant administered by the California State Parks Division of Boating and Waterways; and WHEREAS, it is anticipated the City of Vallejo will be awarded SAVE grant funds totaling approximately $150,000 per year over the next five years; and WHEREAS, expenditures with Lind Marine, LLC, are expected to total the same, and shall not exceed $750,000 through the duration of the Agreement; and WHEREAS, City Council approval is required for expenditures above $100,000 made to a single vendor per fiscal year; and
WHEREAS, funds to pay for these services will come from existing approved budget, and is contingent on future SAVE grant awards and the appropriation of funds each fiscal year for such purpose by the City Council of the City of Vallejo.
NOW, THEREFORE BE IT RESOLVED that the City Council hereby approves the First Amendment to the Consultant and Professional Services Agreement with Lind Marine, LLC to increase the maximum amount of the contract to $750,000, with any modifications recommended by the City Attorney and the City Clerk to attest the signing of that Contract.
BE IT FURTHER RESOLVED that the City Manager or his designee is hereby authorized to execute same.
ADOPTED BY THE CITY COUNCIL OF THE CITY OF VALLEJO at a regular meeting held on September 12, 2023, with the following vote:
AYES:
NOES:
ABSENT:
____________________________________
ROBERT H. MCCONNELL, MAYOR
ATTEST: _____________________________________
DAWN G. ABRAHAMSON, CITY CLERK
First Amendment to Agreement Between City of Vallejo and Lind Marine, LLC Page 1 of 3 (Revised 01.2019)
FIRST AMENDMENT TO
CONSULTANT AND PROFESSIONAL SERVICES AGREEMENT BETWEEN
CITY OF VALLEJO AND LIND MARINE, LLC
This First Amendment to the Consultant and Professional Services Agreement effective as of June 26, 2023, hereafter referred to as Agreement, between Lind Marine, LLC a California limited liability corporation, and the City of Vallejo, a municipal corporation, is made and entered into on this 13th day of September 2023.
Consultant and City do mutually agree as follows:
1. Amendment to Section 1 of Exhibit B “Compensation.” Section 1 of Exhibit B of the Agreement shall be modified to read as follows:
“1. Compensation. City agrees to pay Consultant, at the rate(s) specified in Attachment 1 to this Exhibit, for the services set forth in Exhibit A of this Agreement, for a total not to exceed Seven Hundred and Fifty Thousand Dollars ($750,000). Price is to include all costs chargeable to the City.
Consultant shall notify City in writing no later than thirty (30) days prior to the estimated date when Consultant will have billed City the maximum payment amount permitted under this Agreement, and Consultant shall provide City with an estimate of the additional compensation required to complete the project.”
2. Integration. This First Amendment contains the entire agreement between the parties with respect to its subject matter and supersedes whatever oral or written understanding they may have had prior to the execution of this First Amendment. This First Amendment shall not be amended or modified except by a written agreement executed by each of the parties. Except as specifically revised herein, all terms and conditions of the Agreement shall remain in full force and effect, and Consultant shall perform all duties, obligations and conditions required under the Agreement.
3. Inconsistencies. In the event of any conflict or inconsistency between the provisions of this First Amendment and the Agreement, the provisions of this First Amendment shall control in all respects.
4. Ambiguities. The parties have each carefully reviewed this First Amendment and have agreed to each term of this First Amendment. No ambiguity shall be presumed to be construed against either party.
First Amendment to Agreement Between City of Vallejo and Lind Marine, LLC Page 2 of 3 (Revised 01.2019)
5. Counterparts. This First Amendment may be executed by the parties in one or more counterparts all of which collectively shall constitute one document and agreement.
6. Facsimile Signatures. This First Amendment shall be binding upon the receipt of facsimile signatures; provided, however, that any person transmitting his or her signature by facsimile shall promptly send an original signature to the other party at the addresses noted below:
City: Melissa Tigbao, Public Works Director
Public Works Department
555 Santa Clara Street
Vallejo, CA 94590
Consultant: Christian Lind, President
Lind Marine, LLC
1175 Nimitz Avenue, Suite 120
Vallejo, CA 94592
7. Authority. The person signing this First Amendment for Consultant hereby represents and warrants that he or she is fully authorized to sign this First Amendment on behalf of Consultant.
(SIGNATURES ARE ON THE FOLLOWING PAGE)
First Amendment to Agreement Between City of Vallejo and Lind Marine, LLC Page 3 of 3 (Revised 01.2019)
IN WITNESS WHEREOF, the parties have entered into this First Amendment on the day and year first hereinabove appearing.
LIND MARINE, LLC
a California limited liability corporation
BY:
CHRISTIAN LIND
President
DATE:
(City Seal)
CITY OF VALLEJO,
a municipal corporation
BY:
GREG NYHOFF
City Manager
DATE:
ATTEST:
DAWN G. ABRAHAMSON
City Clerk
APPROVED AS TO CONTENT:
MELISSA TIGBAO, PE
Public Works Director
APPROVED AS TO FORM:
VERONICA A.F. NEBB
City Attorney
APPROVED AS TO INSURANCE:
ARMOND SARKIS
Risk Manager
Jun 23, 2023 9:40 AM, 1114875555
Contract and Routing Form
Date Originated:
Finance Department ∙ 555 Santa Clara Street ∙ Vallejo ∙ CA ∙ 94590 ∙ 707.648.4592 Department: Public Works Departments, Marina
Staff Contact: Debbie Martir, [email protected] Contract Type: Professional Services Agreement
Vendor: Lind Marine Vendor Number:103732
Business License Number: 11700814
Contract Not to Exceed Amount: 100000.00
Contract Start Date: Jul 01, 2023 End Date: Jun 30, 2025 Option to Extend: 3 years
Authority to Contract: City Manager
Other Comments:
A $100,000 contract is being executed at this time to ensure uninterrupted marina services (vessel relocation and disposal).
Attachments are uploaded for review here: https://bit.ly/vContracts Approved Pre-Requisition Form
Insurance
I have uploaded additional files.No
DocuSign Envelope ID: 16F7CE37-19E1-4E3E-AFEF-9DDDB3C52CAA 24-PW007
Contract and Routing Form
Signature Page
Department Initial Date Comment
Originating Department/Division
Risk Manager
Finance Department
City Attorney
City Manager
City Clerk
Return executed contract to: Debbie Martir
DocuSign Envelope ID: 16F7CE37-19E1-4E3E-AFEF-9DDDB3C52CAA 7/11/2023
7/11/2023
7/12/2023
7/14/2023
7/14/2023
7/14/2023
Jun 22, 2023 8:13 AM, 1114463376
Pre-Requisition Form
Finance Department 555 Santa Clara Street Vallejo CA 707.648.4592 Department: Public Works Departments, Marina
Staff Contact: Debbie Martir, [email protected] Vendor: Lind Marine Vendor Number 103732
Term: Multi-year Term
Anticipated Start Date: Jul 01, 2023
Anticipated End Date: Jun 30, 2025
Anticipated Contract Type: Professional Services Agreement Purchasing Authority: City Manager
Total Projected Expenditure: 500000.00
Multiple Project Numbers? Multiple Account Numbers? No, just one Description of Proposed Purchase:
Lind Marine shall perform various marina maintenance services including depth surveys, vessel relocation and vessel disposal.
I have reviewed the city-wide contracts, expenditure and encumbrance reports to comply with the VMC.
It is an existing vendor and I am working to take an action to the City Council because it will exceed the City- wide cap of $100,000 in a single FY.
Competitive Process: I have completed a Formal Bid Process and I have received written quotes Winning Quote Uploaded: Yes
Explanation for Vendor Selection:
A formal request for proposals was advertised starting on June 1, 2023. Lind Marine was the only vendor to submit a proposal. Lind Marina has provided the same services for the City, and their proposal was complete.
Other Comments:
An initial $100,000 contract will be executed so services can be provided until Council approves a larger contract. An item to amend the $100k contract to increase the limit to $500k will go to Council for approval in Sept. 2023.
Uploaded documents available for review https://bit.ly/vPreReqs.
WarrantyNot sure
DocuSign Envelope ID: 16F7CE37-19E1-4E3E-AFEF-9DDDB3C52CAA Winning Bid/Quote/ProposalYes
DocuSign Envelope ID: 16F7CE37-19E1-4E3E-AFEF-9DDDB3C52CAA Pre-Requisition Signature Section
Department Comment
Supervisor/Manager: Brisa Long
Title: Admin Analyst
E-mail: [email protected]
_
_
Signature Date
Delegated Signee: Melissa Tigbao
Title: Public Works Director
E-mail: [email protected]
_
Signature Date
Route Final HTE PO to City Clerk for Contract Log
DocuSign Envelope ID: 16F7CE37-19E1-4E3E-AFEF-9DDDB3C52CAA
Lind Marine, LLC Consultant and Professional Services Agreement Page 1 of 18
CONSULTANT AND PROFESSIONAL SERVICES AGREEMENT
This Consultant and Professional Services Agreement ("Agreement") is made at Vallejo, California, dated for reference this 26th day of June, 2023, by and between the City of Vallejo, a municipal corporation ("City"), and Lind Marine, LLC, hereinafter referred to as “Contractor”, who agree as follows:
1. Services. Subject to the terms and conditions set forth in this Agreement, Contractor shall provide the City professional services as specified in Exhibit A, entitled “Scope of Work.”
2. Payment. City shall pay Contractor for services rendered pursuant to this Agreement at the times and in the manner set forth in Exhibit B, entitled “Compensation.”
3. Equipment and Labor. Contractor shall, at its sole cost and expense, furnish all equipment and labor which may be required for furnishing services pursuant to this Agreement in a safe, efficient, and legal manner. The Contractor shall at all times furnish and maintain sufficient equipment as necessary to perform the work of this contract. Such equipment shall be subject to the inspection and approval of the City's Representative.
4. Indemnification. Contractor shall indemnify, hold harmless, and defend City, its officers, officials, directors, employees, agents, volunteers and affiliates and each of them from any and all claims, demands, causes of action, damages, costs, expenses, actual attorney’s fees, Contractor’s fees, expert fees, losses or liability, in law or in equity, of every kind and nature whatsoever arising out of or in connection with Contractor’s operations, or any subcontractor’s operations, to be performed under this agreement for Contractor’s tort negligence including active or passive, or strict negligence, including but not limited to personal injury including, but not limited to bodily injury, emotional injury, sickness or disease, or death to persons and/or damage to property of anyone, including loss of use thereof, caused or alleged to be caused by any act or omission of Contractor, or any subcontractor, or anyone directly or indirectly employed by any of them or anyone for the full period of time allowed by the law, regardless to any limitation by insurance, with the exception of the sole negligence or willful misconduct of the City. The provisions of this section shall survive the expiration or termination of this Agreement.
5. Insurance Requirements. Contractor agrees to comply with all of the Insurance Requirements set forth in Exhibit C, entitled “Insurance Requirements.” Failure to maintain required insurance at all times shall constitute a default and material breach.
6. Accident Reports. Contractor shall immediately report (as soon as feasible, but not more than 24 hours) to the City Risk Manager any accident or other occurrence causing injury or death to persons or damage to property during the performance of this Agreement.
The report shall be made in writing and shall include, at a minimum: (a) the names, addresses, and telephone numbers of the persons involved, (b) the names, addresses, and telephone numbers of any known witnesses, (c) the date, time, and description of the accident or other occurrence.
DocuSign Envelope ID: 16F7CE37-19E1-4E3E-AFEF-9DDDB3C52CAA
Lind Marine, LLC Consultant and Professional Services Agreement Page 2 of 18
7. Repairs and Corrective Actions. Contractor shall communicate to the City any related hazards encountered while performing services under Agreement. Any hazardous conditions noted, or seen, by the Contractor that have occurred by any means other than during the performance of the Contractor's work, whether by vandalism or any other means, shall be promptly reported to the City’s Representative. The Contractor is responsible for securing any immediate hazards with caution tape, safety cones, buoys, and/or barricades until a City Representative arrives to the location.
8. Conflict of Interest. Contractor warrants and represents that to the best of its knowledge, there exists no actual or potential conflict between Contractor’s family, business, real property or financial interests and the services to be provided under this Agreement. Contractor shall comply with the City of Vallejo Conflict of Interest Code and not enter into any contract or agreement during the performance of this Agreement which will create a conflict of interest with its duties to City under this Agreement. In the event of a change in Contractor’s family, business, real property, or financial interests occurs during the term of this Agreement that creates an actual or potential conflict of interest, then Contractor shall disclose such conflict in writing to City.
9. Independent Contractor. Contractor is an independent contractor. Neither Contractor nor any of Con tractor’s officers, employees, agents, or subcontractors, if any, is an employee of City by virtue of this Agreement or performance of any services pursuant to thi s Agreement.
City shall have the right to control Contractor only insofar as the results of Contractor’s services rendered pursuant to this Agreement; however, City shall not have the right to control the means by which Contractor accomplishes services pursuant to this Agreement.
10. Licenses, Permits, Etc. Contractor represents and warrants to City that all Contractor services shall be provided by a person or persons duly licensed by the State of California to provide the type of the work to be performed under this Agreement. Contractor shall comply with all applicable Federal and State of California statutes, rules and regulations in performance of the work.
Contractor and Contractor’s personnel operating motorized vessels in connection with this Agreement are required to hold a valid California Boater Card, under the California Harbors and Navigation Code Section 678.11(b) and based on the phase-in operator age requirements of the Code. Additional information may be found at:
http://californiaboatercard.com/about-the-card/
11. Business License. Contractor, and its subcontractors, has obtained or agrees to apply prior to performing any services under this Agreement to City’s Finance Department for a business license, pay the applicable business license tax and maintain said business license during the term of this Agreement. The failure to obtain such license shall be a material breach of this Agreement and grounds for termination by City. No payments shall be made to Contractor until such business license(s) has been obtained.
12. Standard of Performance. Contractor shall provide all services required pursuant to this Agreement in accordance with generally accepted practices and principles and in a manner consistent with the level of care and skill ordinarily exercised under similar conditions by a member of Contractor’s profession currently practicing in California.
DocuSign Envelope ID: 16F7CE37-19E1-4E3E-AFEF-9DDDB3C52CAA
Lind Marine, LLC Consultant and Professional Services Agreement Page 3 of 18
Contractor is responsible for making an independent evaluation and judgment of all conditions affecting performance of the work, including without limitation applicable federal, state, and local laws and regulations, and all other contingencies or considerations, including California Division of Boating a nd Waterways regulations , C alifornia Harbors and Navigation Code , California Vehicle Code, California Penal Code, California Code of Regulations.
Contractor’s responsibilities under this section shall not be delegated. Contractor shall be responsible to City for acts, errors, or omissions of Contractor’s subcontractors.
Whenever the scope of work requires or permits review, approval, conditional approval or disapproval by City, it is understood that such review, approval, conditional approval or disapproval is solely for the purposes of administering this Agreement and determining whether the Contractor is entitled to payment for such work, and not be construed as a waiver of any breach or acceptance by the City of any responsibility, professional or otherwise, for the work, and shall not relieve the Con tractor of responsibility for complying with the standard of performance or laws, regulations, industry standards, or from liability for damages caused by negligent acts, errors, omissions, noncompl iance with industry standards, or the willful misconduct of Contractor.
13. Force Majeure. Neither party shall be considered in default of this Agreement to the extent performances are prevented or delayed by causes or circumstances beyond either party’s reasonable control, such as war, riots, strikes, lockouts, work slowdown or stoppage, acts of God, such as floods or earthquakes, and electrical blackouts or brownouts. In the event that the Contractor is unable to meet the completion date or schedule of services, Contractor shall immediately inform the City Representative of this in writing. If additional time is required to perform the work, the City Representative may adjust the schedule.
14. Time is of the Essence. Time is of the essence in this Agreement. Any reference to days means calendar days, unless otherwise specifically stated.
15. Personnel. Contractor agrees to assign only competent personnel according to the reasonable and customary standards of training and experience in the relevant field to perform services under this Agreement. Failure to assign such competent personnel shall constitute grounds for termination of this Agreement.
The payment made to Contractor pursuant to this Agreement shall be the f ull and complete compensation to which Contractor and Contractor’s officers, employees, agents, and subcontractors are entitled for performance of any work under this Agreement. Neither Contractor nor Contractor’s officers or employees are entitled to any salary or wages, or retirement, health, leave or other fringe benefits applicable to employees of the City. The City will not make any federal or state tax withholdings on behalf of Con tractor. The City shall not be required to pay any workers' compensation insurance on behalf of Contractor.
Contractor shall pay, when and as due, any and all taxes incurred as a result of Con tractor’s compensation hereunder, including estimated taxes, and shall provide City with proof of such payments upon request.
16. Contractor Not Agent. Except as authorized under this Agreement or as City may authorize in a letter of authorization signed by the City Manager or his or her designee, DocuSign Envelope ID: 16F7CE37-19E1-4E3E-AFEF-9DDDB3C52CAA
Lind Marine, LLC Consultant and Professional Services Agreement Page 4 of 18
Contractor shall have no authority, express or implied to act on behalf of City in any c apacity whatsoever as an agent. Contractor shall have no authority, express or implied, under this Agreement, to bind City to any obligation whatsoever.
17. Term. The term of this Agreement shall commence on July 1, 2023, and shall continue in full force and effect until June 30, 2025. Upon expiration of original Agreement, the City may, at its discretion and upon written notice to Contractor, extend Agreement up to three (3) times in intervals of one (1) year for a maximum Agreement term of five (5) years.
If the term of this Agreement extends into fiscal years subsequent to that in which it is initially approved, such continuation of the Agreement is contingent on the appropriation of funds for such purpose by the City Council of the City of Vallejo. If funds to effect such continued payment are not appropriated, Consultant agrees to terminate any services supplied to City of Vallejo under this Agreement, and relieve City of any further obligation therefore.
17. Termination or Abandonment by City. The City has the right, at any time and in its sole discretion, to immediately terminate this Agreement by giving notice to Contractor. Upon receipt of a notice of termination, Contractor shall not provide services except as specified in the notice. Before the date of termination, Contractor shall deliver to City all City records and documents, all work product, whether completed or not, as of the date of termination and not otherwise previously delivered.
The City shall pay Contractor for services performed in accordance with this Agreement before the date of termination. If this contract provides for payment of a lump sum for all services or by task and termination occurs before completion of the work or any defined task which according to the performance schedule was commenced before the notice of termination, the fee for services performed shall be based on an amount mutually agreed to b y City and Contractor for the portion of work completed in conformance with this Agreement before the date of termination. In addition, the City will reimburse Contractor for authorized expenses incurred and not previously reimbursed. The City shall not b e liable for any fees or costs associated for the termination or abandonment except for the fees, and reimbursement of authorized expenses, payable pursuant to this section.
18. Products of Con tracting Services. The work product, including without limitati on, all writings, work sheets, reports, recordings, drawings, files, detailed calculations and other work products, whether complete or incomplete, of Con tractor resulting from services rendered pursuant to this Agreement, shall become the property of City . Con tractor agrees that all copyrights which arise from creation of the work under this Agreement shall be vested in the City and waives and relinquishes all claims to copyright or other intellectual property rights in favor of the City. City acknowledges that its use of the work product is limited to the purposes contemplated by the scope of work and that the Con tractor makes no representation of the suitability of the work product for use in or application to circumstances not contemplated by the scope of work.
Documents submitted to the City in electronic format shall be formatted according to specifications provided by the City, or if not otherwise specified, in Microsoft Word, Excel, PowerPoint or other Microsoft Office Suite format as appropriate for the particular work product or, if directed by the City Representative in Adobe Acrobat PDF format.
DocuSign Envelope ID: 16F7CE37-19E1-4E3E-AFEF-9DDDB3C52CAA
Lind Marine, LLC Consultant and Professional Services Agreement Page 5 of 18
19. Public Noticing of Operations. The responsibility to notify the public of operations will be the responsibility of the City Representative; Contractor shall have no responsibility in this regard.
20. Cooperation by City. City shall, to the extent reasonable and practicable, assist and cooperate with Contractor in the performance of Contractor’s services hereunder.
21. Assignment and Subcontracting. Contractor shall not subcontract, assign or transfer voluntarily or involuntarily any of its rights, duties or obligation under this Agreement without the express written consent of the City Manager or his or her designee in each instance. Any attempted or purported assignment of any right, duty or obligation under this Agreement without said consent shall be void and of no effect.
If subcontracting of work is permitted, Contractor shall pay its subcontractor within ten (10) days of receipt of payment b y City for work performed by a subcontractor and billed by the Contractor. Use of the term subcontractor in any other provision of this contract shall not be construed to imply authorization for Contractor to use subcontractors for performance of any service under this Agreement.
The City is an intended beneficiary of any work performed by Contractor’s subcontractor for purposes of establishing a duty of care between the subcontractor and City.
Any subcontractor or assignee consented to by City shall be bound by all terms and conditions of this agreement and the same shall be incorporated into and made a part of any assignment or subcontractor agreement.
22. Successors and Assigns. All terms, conditions, and provisions of this Agreement shall apply to and bind the respective heirs, executors, administrators, successors, and assigns of the parties. Nothing in this section is intended to affect the limitation on assignment.
23. Non-Discrimination/Fair Employment Practices. Contractor shall not, because of race, religious creed, color, sex, national original, ancestry, disability, medical condition, age, marital status or sexual orientation of any person, refuse to hire or employ, or to bar or discharge from employment, or to discriminate in compensation, or in terms, conditions or privileges any person, and every employee will receive equal opportunity for employment and shall be granted equal treatment with respect to compensation, terms, conditions or other privileges of employment, without regard to his race, religious creed, color, sex, national origin, ancestry, or disability, medical condition, age, marital status or sexual orientation.
Contractor warrants and represents it is an equal opportunity employer and agrees it shall not discriminate on the basis of race, religious creed, color, sex, national origin, ancestry, disability, medical condition, age, marital status or sexual orientation in the selection and retention of employees, subcontractors or procurement of materials or equipment.
24. Notices. All notices or instruments required to be given or delivered by law shall be in writing and shall be effective upon receipt thereof and shall be by personal service or delivered by depositing the same in any United States Post Office, registered or certified mail, postage prepaid, addressed to:
DocuSign Envelope ID: 16F7CE37-19E1-4E3E-AFEF-9DDDB3C52CAA
Lind Marine, LLC Consultant and Professional Services Agreement Page 6 of 18
If to City Public Works Department:
Melissa Tigbao, Public Works Director
Public Works Department
555 Santa Clara Street
Vallejo, CA 94590
If to Contractor:
Christian Lind, President
Lind Marine, LLC
1175 Nimitz Avenue, Suite 120
Vallejo, CA 94592
Any party may change its address for receiving notices by giving written notice of such change to the other party in accordance with this section. Routine administrative communications shall be made pursuant to section 1 of Exhibit A.
25. Integration Clause. This Agreement, including all Exhibits, contains the entire agreement between the parties and supersedes whatever oral or written understanding they may have had prior to the execution of this Agreement. This Agreement shall not be amended or modified except by a written agreement executed by each of the parties hereto.
26. Severability Clause. Should any provision of this Agreement ever be deemed to be legally void or unenforceable, all remaining provisions shall survive and be enforceable.
27. Law Governing. This Agreement shall in all respects be governed by the law of the State of California without regard to its conflicts of law rules. Litigation arising out of or connected with this Agreement shall be instituted and maintained in the courts of Solano County in the State of California or in the United States District Court, Eastern District of California, Sacramento, California, and the parties consent to jurisdiction over their person and over the subject matter of any such litigation in such courts, and consent to service of process issued by such courts.
28. Waiver. Waiver by either party of any default, breach or condition precedent shall not be construed as a waiver of any other default, breach or condition precedent or any other right hereunder.
29. Ambiguity. The parties acknowledge that this is a negotiated agreement, that they have had the opportunity to have this Agreement reviewed by their respective legal counsel, and that the terms and conditions of this Agreement are not to be construed against any party on the basis of such party's draftsmanship thereof.
30. Gender. All pronouns and any variations thereof shall be deemed to refer to the masculine, feminine, neuter, singular or plural, as the identifications of the person or persons, firm or firms, corporation or corporations may require.
31. Headings. The section headings contained in this Agreement are inserted for convenience only and shall not affect in any way the meaning or interpretation of this Agreement.
DocuSign Envelope ID: 16F7CE37-19E1-4E3E-AFEF-9DDDB3C52CAA
Lind Marine, LLC Consultant and Professional Services Agreement Page 7 of 18
32. Compliance with Laws. Contractor will comply with all statutes, regulations and ordinances in the performance of all services under this Agreement.
33. Confidentiality of Ci ty Information. During the performance of services under this Agreement, Contractor may gain access to and use City information regarding, but not limited to, procedures, policies, training, operational practices, and other vital information (hereafter collectively referred to as "City Information") which are valuable, special and unique assets of the City. Contractor agrees that it will not use any information obtained as a consequence of the performance of services under this Agreement for any purpose o ther than fulfillment of Contractor’s scope of work, to protect all City Information and treat it as strictly confidential and proprietary to City, and that it will not at any time, either directly or indirectly, divulge, disclose or communicate in any man ner any City Information to any third party, other than its own employees, agents or subcontractors who have a need for the City Information for the performance of services under this Agreement, without the prior written consent of City, or as required by law.
Contractor shall treat all records and work product prepared or maintained by Contractor in the performance of this Agreement as confidential.
A violation by Contractor of this section shall be a material violation of this Agreement and will justify legal and/or equitable relief. Contractor’s obligations under this section shall survive the completion of services, expiration or termination of this Agreement.
34. News and Information Release. Contractor agrees that it will not issue any news releases in connection with either the award of this Agreement, or any subsequent amendment of or efforts under this Agreement, without first obtaining review and approval of said news releases from City through the City Representative.
35. City Representative. The City Representative specified in Exhibit A, or the representative's designee, shall administer this Agreement for the City.
36. Counterparts. The parties may execute this Agreement in one or more counterparts, each of which shall be deemed an original, but all of which together shall be deemed one and the same instrument.
37. Facsimile Signature; Electronic Signature. This Agreement shall be binding upon the receipt of facsimile signatures or e-mailed by PDF or otherwise. Any person transmitting his or her signature by facsimile or electronically shall promptly send an original signature to the other party pursuant to the notice provision of this Agreement. The failure to send an original shall not affect the binding nature of this Agreement.
38. Authority. The person signing this Agreement for Contractor hereby represents and warrants that he/she is fully authorized to sign this Agreement on behalf of Contractor.
39. Exhibits. The following exhibits are attached hereto and incorporated herein by reference:
Exhibit A, entitled “Scope of Work,” including any attachments DocuSign Envelope ID: 16F7CE37-19E1-4E3E-AFEF-9DDDB3C52CAA
Lind Marine, LLC Consultant and Professional Services Agreement Page 8 of 18
Exhibit B, entitled “Compensation,” including any attachments Exhibit C, entitled “Insurance Requirements,” including attachments
[SIGNATURES ON THE FOLLOWING PAGE]
DocuSign Envelope ID: 16F7CE37-19E1-4E3E-AFEF-9DDDB3C52CAA Lind Marine, LLC Consultant and Professional Services Agreement Page 9 of 18 IN WITNESS WHEREOF, the parties have executed this Agreement on the day and year shown below the name of each of the parties.
LIND MARINE,
a California limited liability corporation
By:
Christian Lind
President
DATE: ____________________
11700814__________
Vallejo Business License No.
(City Seal)
CITY OF VALLEJO,
a municipal corporation
By: ________________________
Mike Malone
City Manager
DATE: ___________
ATTEST:
By: ________________________
Dawn G. Abrahamson
City Clerk
APPROVED AS TO CONTENT:
__________________________
Melissa Tigbao, PE
Public Works Director
APPROVED AS TO FORM
Veronica A.F. Nebb
City Attorney
APPROVED AS TO INSURANCE:
Armond Sarkis
Risk Manager
DocuSign Envelope ID: 16F7CE37-19E1-4E3E-AFEF-9DDDB3C52CAA 7/11/2023
7/14/2023
EXHIBIT A
Exhibit A – Scope of Work Page 10 of 18
EXHIBIT A - SCOPE OF WORK
1. Representatives. The City Representatives for this Agreement are:
Travis Lund
General Manager
Vallejo Municipal Marina
42 Harbor Way
Vallejo, CA 94590
(707) 648-4370
The Contractor’s Representative for this Agreement is:
Christian Lind
President
Lind Marine, LLC
1175 Nimitz Avenue, Suite 120
Vallejo, CA 94592
All routine administrative communications between the parties will be between the above named representatives and may be by personal delivery, mail, facsimile transmission, or electronic mail as agreed between the Contractor Representative and City’s Representative.
2. Services to be Provided. The services provided shall be as set forth herein.
A. Vessel towing and relocation within the Marina on an as -needed basis: This work involves the movement of vessels within the Marina property, as directed by City Representative; including loading floating vessels to trailers to move to land locations. Response time will be within 24 hours of notice for vessels in the water, while vessels on shore may allow for response times greater than 24 hours.
B. Disposal of Vessels: This work involves pick -up and disposal of abandoned, derelict, or turned in vessels as directed by City Representative. Vessels may include motorized or sail craft from either water or land locations. Vessels requiring dismantling shall be done so at approved, non-City owned locations. Vessels disposed of must be taken to a proper disposal site, with proof of disposal supplied to the City Representative within 24 hours of the disposal action. Proof may be in the form of a dump ticket, receipt, or other documentation. Vessels containing hazardous materials will require separate documentation that the materials are disposed of at an appropriate disposal site which handles hazardous materials. These materials may include (but are not limited to) tires, paint cans, fuel and oil storage c ontainers, and other hazardous materials.
C. Depth Surveys: This work involves using soundings to determine and report the depth of Marina waters, including those at the entries to the Marina from the Mare Island Strait, but not including locations in th e Straits. Depth finders of other accurate methods of conducting the soundings may be used. Areas for which sounding s are needed will be supplied by the City Representative, and will be noted on a map/chart of the Marina. Response time will be DocuSign Envelope ID: 16F7CE37-19E1-4E3E-AFEF-9DDDB3C52CAA
EXHIBIT A
Exhibit A – Scope of Work Page 11 of 18
determined by the City Representative at the time of the service request.
3. Hours of Operations. Contractor shall perform operations between the hours of 8:30 AM and 4:00 PM, except during emergency services, or unless otherwise specified by the City Representative, during the life of the contract. The use of power equipment or other work close to docked vessels that results in noises shall not be permitted before 8:30 AM. Any exception shall only be authorized with prior approval of the City Representative. Minor deviations from the requirements of this section concerning hours of work which do not significantly change the cost of the work may be permitted upon the written request of the Contractor, if in the opinion of the City Representative, public use of Marina facilities will be better served and the work expedited. Such deviation shall not be adopted until the City Representative has indicated his or her written approval.
4. Minimum Quantities. The City shall not be bound to minimum quantities of any service.
5. Vessel Traffic. If vessel traffic is to be detoured or restricted, plans must be submitted and approved by the City prior to starting work. City Representative shall be notified at least 48 hours in advance of any work which will interfere with the normal flow of vessel or pedestrian traffic.
It shall be the Contractor's responsibility to post no access areas, by use of caution tape of other temporary barrier as required to perform work.
Full compensation for conforming to the requirements of this Section shall be considered as included in the contract prices paid for the various items of work and no separate payment may be made thereof.
6. Inspection. The City’s Representative shall be furnished with every reasonable means for ascertaining full knowledge of the operations, including the workmanship, materials and equipment used and employed in the work. The Contractor may be required to provide the City’s Representative with an advance written schedule of operations and work locations.
Inspection of the work shall not relieve the Contractor of any obligations to complete the work as outlined in this RFP. Defective work shall be made good even if the defective work was not pointed out during the initial inspection and the work was accepted for payment. Any work found to be unacceptable by the City will be noted in writing to the Contractor. Upon receipt of notice of any deficiencies, the Contractor shall make a reasonable effort to correct the deficiencies within five (5) working days. If unacceptable conditions are not corrected within this time period the City shall have the right to deduct payment or have services performed by others at the Contractor's expense.
7. Rejected Materials. The Contractor shall immediately remove any rejected or condemned material provided by the Contractor at his or her own expense. Rejected materials shall never again be offered to the City. Additionally, as a remedy, the City may deduct and retain the cost to replace the work from any sums due or to become due to the Contractor.
8. Safety Requirements. Contractor agrees to perform all work outlined in the Agreement in such a manner as to meet all accepted standards for safe practices and to safely maintain stored equipment, machines, and materials or other hazards consequential or related to the DocuSign Envelope ID: 16F7CE37-19E1-4E3E-AFEF-9DDDB3C52CAA
EXHIBIT A
Exhibit A – Scope of Work Page 12 of 18
work; and agrees additionally to accept the sole responsibility for complying with all City, County, State or other legal requirements including, but not limited to, full compliance with the terms of applicable O.S.H.A., CAL E.P.A. Safety Orders at all times so as to protect all persons, including contractor employees, agents of the City, vendors, members of the public or others from foreseeable injury, or damage to their property.
Contractor shall comply with State safety regulations governing use of personal flotation devices, fire extinguishers, sound signaling devices, and other regulations pertaining to boater safety. Additional information may be found at:
https://dbw.parks.ca.gov/pages/28702/files/DBW_ABCs_of_Boating_2017.pdf#ReqEquip
Contractor shall cooperate fully with City in the investigation of any accident, injury or death occurring on City property, including a complete written report thereof to the City Representative within twenty‐four (24) hours following the occurrence.
DocuSign Envelope ID: 16F7CE37-19E1-4E3E-AFEF-9DDDB3C52CAA
EXHIBIT B
Exhibit B – Compensation Page 13 of 18
EXHIBIT B - COMPENSATION
1. Compensation. City agrees to pay Contractor, at the rate(s) specified in Attachment 1 to this Exhibit, for the services set forth in Exhibit A of this Agreement, for a total not to exceed One Hundred Thousand Dollars ($100,000). Price is to include all costs chargeable to the City.
Contractor shall notify City in writing no later than thirty (30) days prior to the estimated date when Contractor will have billed City the maximum payment amount permitted under this Agreement, and Contractor shall provide City with an estimate of the additional compensation required to complete the project.
2. Price Adjustments.
A. Direct Cost: In this section means Contractor’s costs from the manufacturer of any item or if Contractor is the manufacturer, the cost of raw materials required to manufacture the item, plus transportation costs from manufacturer to Contractor and Contractor to the City.
B. Price Decreases: If Contractor’s direct cost decreases at any time during the term of this contract, Contractor shall immediately pass the decrease to the City and lower its prices by the amount of the decrease in direct cost. Contractor shall notify the City of price decreases in the same way as for price increases set out below. The price decrease shall become effective upon City’s receipt of Contractor’s notice.
C. Price Increases: Upon approval of City, Contractor shall be permitted to increase charge rates to adjust for living wage increases at the beginning of the fiscal year or as agreed upon by City and contractor. No price increases may be implemented without prior written approval of City. Requests for price increases must be made a minimum of ninety (90) days prior to the proposed effective date of the rate increase. To request a price increase, Contractor must submit a letter with an itemized list showing revised prices by line item. The letter and documentation shall be sent to the following address: Vallejo Municipal Marina, 42 Harbor Way, Vallejo, CA 94590. If the City approves the price increase, Contractor shall be notified in writing; no price increase will be effective until Contractor receives this notice.
D. Termination of Performance: If the City does not approve Contractor’s price increase, Contractor may terminate its performance under the agreement upon sixty (60) days advance written notice. Termination of Performance is Contractor’s only remedy if the City does not approve the price increase. If at any time after approving a price increase, the City determines the same service can be obtained at a lower price from a different source without violating any state law, the City may then procure the service from the lower price source without any obligation to Contractor.
3. Invoicing. Contractor shall invoice City in a timely manner upon completion of each service provided in a form approved by the City Representative. Invoicing shall include a detailed description of the work performed, the quantity and unit price for the work performed, DocuSign Envelope ID: 16F7CE37-19E1-4E3E-AFEF-9DDDB3C52CAA
EXHIBIT B
Exhibit B – Compensation Page 14 of 18
total cost, and the City of Vallejo Purchase Order Number.
When applicable, a weigh-master’s tag or transfer station ticket indicating the item(s) or vessel(s) being disposed shall be included with the invoice, and the tag /ticket number referenced on invoices to verify the charges.
Invoices shall be mailed/submitted to the Vallejo Municipal Marina office located at 42 Harbor Way, Vallejo, CA 94590.
4. Payment. City agrees to pay Contractor for those services set forth in Exhibit A of this Agreement and for all authorized reimbursable expenses, within thirty (30) days after the City has approved the invoice upon satisfactory completion of the services.
Request for payment shall be sent to:
Vallejo Municipal Marina:
Travis Lund
General Manager
42 Harbor Way
Vallejo, CA 94590
(707) 648-4370
5. Accounting Records of Contractor. Contractor shall maintain for three (3) years after completion of all services hereunder, all records under this Agreement, including, but not limited to, records of Contractor’s direct salary costs for all services performed under this Agreement and records of Contractor’s Reimbursable Expenses, in accordance with generally accepte d accounting practices. Contractor shall keep such records available for audit, inspection and copying by representatives of the City’s Finance Department or other government agencies during regular business hours upon twenty four (24) hours’ notice.
The obligations of Contractor under this section shall survive this Agreement.
6. Taxes. Contractor shall pay, when and as due, any and all taxes incurred as a result of Contractor’s compensation hereunder, including estimated taxes, and shall provide City with proof of such payments upon request.
7. Taxpayer Identification Number. Contractor shall provide City with Contractor’s complete Request for Taxpayer Identification Number and Certification, Form W -9, as issued by the Internal Revenue Service, and any other State or local tax identification number requested by City.
DocuSign Envelope ID: 16F7CE37-19E1-4E3E-AFEF-9DDDB3C52CAA Attachment 1 to Exhibit B
Attachment 1 to Exhibit B Page 15 of 18
VARIOUS MARINA MAINTENANCE SERVICES
DocuSign Envelope ID: 16F7CE37-19E1-4E3E-AFEF-9DDDB3C52CAA Exhibit C
Exhibit C – Insurance Requirements Page 16 of 18
EXHIBIT C - INSURANCE REQUIREMENTS
Contractor shall procure and maintain for the duration of this Agreement, including any extensions thereto, insurance against claims for injuries to persons or damages to property which may arise from or in connection with the performance of services hereunder by the Contractor, their agents, representatives, or employees or subcontractors.
MINIMUM SCOPE AND LIMIT OF INSURANCE
Coverage shall be at least as broad as:
1. Marine General Liability (MGL): Covering MGL on an “occurrence” basis, including products and completed operations, property damage, bodily injury and personal & advertising injury with limits no less than $2,000,000 per occurrence . If a general aggregate limit applies, either the general aggregate limit shall apply separately to this project/location (ISO CG 25 03 or 25 04) or the general aggregate limit shall be twice the required occurrence limit. Tower’s Legal Liability shall be included.
2. Automobile Liability: Insurance Services Office Form Number CA 0001 covering any auto (Code 1), or if Contractor has no owned autos, hired (Code 8) and non -owned (Code 9) autos, with limit no less than $1,000,000 per accident for bodily injury and property damage.
3. Workers’ Compensation insurance as required by the State of California, with Statutory Limits, and Employer’s Liability Insurance with limit of no less than $1,000,000 per accident for bodily injury or disease. Also, Contractor shall have coverage for claims under the Jones Act and United States Longshore and Harbor Workers Compensation Act as applicable to the work under this Agreement. Jones Act and USL&H coverage may be provided under Contractor’s MGL or Protection and Indemnity policies.
4. Pollution Liability Covera ge – if Contractor’s MGL policy does not include sudden and accidental pollution liability coverage, then Contractor shall provide separate Pollution Liability Coverage applicable to the work being performed, with a limit no less than $2,000,000 per claim or occurrence and $2,000,000 aggregate per policy period of one year.
If the contractor maintains broader coverage and/or higher limits than the minimums shown above, the City requires and shall be entitled to the broader coverage and/or the higher limits maintained by the contractor. Any available insurance proceeds in excess of the specified minimum limits of insurance and coverage shall be available to the City.
Self-Insured Retentions
Self-insured retentions must be declared to and approved by the City. At the option of the City, the Contractor shall provide coverage to reduce or eliminate such self -insured retentions as respects the City, its officers, officials, employees, and volunteers; or the Contractor shall provide evidence satisfactory to the City guaranteeing payment of losses and related investigations, claim administration, and defense expenses. The policy language shall provide, or be endorsed to provide, that the self-insured retention may be satisfied by either the named insured or City.
DocuSign Envelope ID: 16F7CE37-19E1-4E3E-AFEF-9DDDB3C52CAA Exhibit C
Exhibit C – Insurance Requirements Page 17 of 18
Other Insurance Provisions
A. The Marine General Liability, Automobile Liability, Co ntractors Pollution Liability, and Pollution policies are to contain, or be endorsed to contain, the following provisions:
1. The City, its officers, officials, employees, and volunteers are to be covered as additional insureds with respect to liability arising out of work or operations performed by or on behalf of the Contractor including materials, parts or equipment furnished in connection with such work or operations. Marine General liability coverage can be provided in the form of an endorsement to the Contractor’s insurance (at least as broad as ISO Form CG 20 10, CG 11 85 or both CG 20 10, CG 20 26, CG 20 33, or CG 20 38; and CG 20 37 forms if later revisions used).
2. Any failure to comply with reporting or other provisions of the policies including breaches of warranties shall not affect coverage provided to the City, its officers, officials, employees, agents, or volunteers.
3. The Contractor's insurance shall apply separately to each insured against whom claim is made or suit is brought, except with respect to the limits of the insurer's liability.
4. Each insurance policy required by this clause shall be endorsed to state that coverage shall not be suspended, voided, canceled by either party, reduced in coverage or in limits except after thirty (30) days' prior written notice by certified mail, return receipt requested, has been given to the City.
5. The workers’ compensation and employer’s liability policy required hereunder shall be endorsed to state that the workers' compensation carrier waives its right of subrogation against City, its officers, officials, employees, agents and volunteers, which might arise by reason of payment under such policy in connection with Contractor’s performance under this Agreement.
6. For any claims related to this project, the Contractor’s insurance coverage shall be primary insurance coverage at least as broad as ISO CG 20 01 04 13 as respects the City, its officers, officials, employees, agents, and volunteers. Any insurance or self- insurance maintained by the Entity, its officers, officials, employees, agents, or volunteers shall be excess of the Contractor’s insurance and shall not contribute with it.
7. Each insurance policy required above shall provide that coverage shall not be canceled, except with notice to the City.
B. The Automobile Liability policy shall be endorsed to include Transportation Pollution Liability insurance, covering materials to be transported by Contractor pursuant to the contract. This coverage may also be provided on the Contractor’s Pollution Liability policy.
C. If Marine General Liability or Pollution Liability coverages are written on a claims-made form:
1. The retroactive date must be shown, and must be before the date of the contract or the beginning of contract work.
DocuSign Envelope ID: 16F7CE37-19E1-4E3E-AFEF-9DDDB3C52CAA Exhibit C
Exhibit C – Insurance Requirements Page 18 of 18
2. Insurance must be maintained and evidence of insurance must be provided for at least five (5) years after completion of the contract of work.
3. If coverage is canceled or non -renewed, and not replaced with a nother claims -made policy form with a retroactive date prior to the contract effective date, the Contractor must purchase an extended period coverage for a minimum of five (5) years after completion of contract work.
4. A copy of the claims reporting requirements must be submitted to the City for review.
Acceptability of Insurers
Insurance is to be placed with insurers authorized to conduct business in the state with a current A.M. Best rating of no less than A:VII if admitted in the State of California.
Verification of Coverage
Contractor shall furnish the City with original Certificates of Insurance including all required amendatory endorsements (or copies of the applicable policy language effecting coverage required by this clause) and a copy of the Dec larations and Endorsement Page of the M GL policy listing all policy endorsements to Entity before work begins. However, failure to obtain the required documents prior to the work beginning shall not waive the Contractor’s obligation to provide them. The City reserves the right to require complete, certified copies of all required insurance policies, including endorsements required by these specifications, at any time.
Waiver of Subrogation
Contractor hereby grants to City a waiver of subrogation which any insurer may acquire against Entity, its officers, officials, employees, and volunteers, from Contractor by virtue of the payment of any loss. Contractor agrees to obtain any endorsement that may be necessary to affect this waiver of subrogation but this provision applies regardless of whether or not the City has received a waiver of subrogation endorsement from the insurer.
The Workers’ Compensation policy shall be endorsed with a waiver of subrogation in favor of the City for all work performed by the Contractor, its employees, agents, and subcontractors.
Subcontractors
Contractor shall require and verify that all subcontractors maintain insurance meeting all the requirements stated herein, and Contractor shall ensure that Entity is an additional insured on insurance required from subcontractors. For MGL coverage (or CGL for non -marine subcontractors) subcontractors shall provide coverage with a format least as broad as CG 20 38 04 13.
Special Risks or Circumstances
City reserves the right to modify these requirements, including limits, based on the nature of the risk, prior experience, insurer, coverage, or other special circumstances.
Payment Withhold.
City will withhold payments to Contractor if the certificates of insurance and endorsements required in Paragraph F, above, are canceled or Contractor otherwise ceases to be insured as required herein.
DocuSign Envelope ID: 16F7CE37-19E1-4E3E-AFEF-9DDDB3C52CAA DocuSign Envelope ID: 16F7CE37-19E1-4E3E-AFEF-9DDDB3C52CAA DocuSign Envelope ID: 16F7CE37-19E1-4E3E-AFEF-9DDDB3C52CAA Lind Marine, LLC
DocuSign Envelope ID: 16F7CE37-19E1-4E3E-AFEF-9DDDB3C52CAA DocuSign Envelope ID: 16F7CE37-19E1-4E3E-AFEF-9DDDB3C52CAA DocuSign Envelope ID: 16F7CE37-19E1-4E3E-AFEF-9DDDB3C52CAA DocuSign Envelope ID: 16F7CE37-19E1-4E3E-AFEF-9DDDB3C52CAA CONSENT CALENDAR 8.D.
DATE: September 12, 2023
TO: Mayor and Members of the City Council
FROM: Rekha Nayar, Finance Director
SUBJECT: CITY TREASURER’S INVESTMENT REPORT
RECOMMENDATION
Accept the City Treasurer’s Investment Report for the quarter ended June 30, 2023
REASONS FOR RECOMMENDATION
The City’s Investment Policy requires the City Treasurer to submit quarterly investment reports to the City Council.
BACKGROUND AND DISCUSSION
At the end of each calendar quarter, the City Treasurer is required by the City’s adopted Investment Policy to report on the status of investments to the City Council. The City Treasurer’s Investment Report as of June 30, 2023 is submitted. It is the policy of the City of Vallejo to use the State of California Government Code Sections 53601, 53635, and 53651 provisions for local government investments as guidelines in the developing and implementing of the City's allowable investment policies and practices.
The report includes all securities managed by the City and its Investment Managers (excluding bond proceeds) and provides information on the values (par, fair, and cost), term, and yield of each security. Please note that because the safe-keeping custodian and the Investment Manager may use different pricing sources to determine the market value of the securities, there can be minor differences in market values shown on the custodian's monthly statement as compared to the Investment Manager's monthly statement.
Fair Value of individual securities has been provided by Chandler Asset Management. The City utilizes Principal Financial as its third-party safekeeping custodian for safekeeping of all investments with the exception of the Local Agency Investment Fund (LAIF). LAIF being a money market fund administered by the State Treasurer has many governmental agency participants, and holds securities through its own administrator.
Date: September 12, 2023
Subject: CITY TREASURER’S INVESTMENT REPORT
Condensed investment information as of June 30, 2023, is as follows:
Description Par Value of
Portfolio
Fair Value of
Portfolio
Cost Basis of
Portfolio
Percentage
of Portfolio
City of Vallejo:
Loca Agency Investment Fund1 $56,137,293.29 $56,137,293.29 $56,137,293.29 25.24% U.S. Federal Agency Bonds $22,265,000.00 $20,912,564.44 $22,499,301.85 9.40% U.S. Treasury Securities $75,480,000.00 $72,295,437.10 $74,422,845.70 32.51% Corporate Medium-Term Notes $30,350,000.00 $28,867,936.81 $30,253,474.90 12.98% Asset Backed Securities $9,223,006.13 $8,983,804.08 $9,221,737.55 4.04% Collateralized Mortgage
Obligations
$2,635,000.00 $2,553,448.61 $2,661,873.05 1.15%
Money Market Mutual Funds $32,655,789.79 $32,655,789.79 $32,655,789.79 14.68% Total Investments: $228,746,089.21 $222,406,274.12 $227,852,316.13 100.00%
Condensed earnings and return information as of June 30, 2023 , is as follows:
Current Quarter Fiscal Year-to-Date
Portfolio Investment Earnings:
City of Vallejo2 $1,307,582 $3,417,009
Net Change in Portfolio Fair Value Balance3:
City of Vallejo $20,325,265 $58,642,103
Approximate Portfolio Rate-of-Return:
City of Vallejo - Yield to Maturity4 2.95%
BENCHMARK COMPARISON RATE-OF-RETURN5:
Local Agency Investment Fund 2.74% 2-Year U.S. Treasury Note Yield 4.90%
1 In accordance with Government Code Section 53646, the Fair Value of the Local Agency Investment Fund (LAIF) represents the value from the June 30, 2023, LAIF statement and has not been adjusted by the “Amortized Cost Factor” which is used in adjusting the statement balance to the actual “Fair Value” balance. 2 The City records interest income on a cash basis, whereas the attached statement uses the accrual basis. Since the accrual basis includes interest income earned but not received, there is a timing difference in recording the interest income between the City’s books and the attached statement. This difference will be trued up at fiscal year-end. 3 The “Net Change in Portfolio Fair Value Balance” is primarily a measure of the difference in the inflows and outflows of funds held in the LAIF account during the period. The change is primarily due to the timing of the receipt of property tax revenues, which are received in December and April of each year, and the timing of the City making withdrawals in the ordinary course of business to pay expenses. 4 Yield to Maturity is the interest income the portfolio will earn for the next twelve months expressed as a percentage. Yield to maturity assumes no changes during that twelve month period.
5 These are the performance benchmarks stated in the City’s Investment Policy. LAIF rate of return is as of March 31, 2023.
Date: September 12, 2023
Subject: CITY TREASURER’S INVESTMENT REPORT
COMPLIANCE
All investment transactions were executed in accordance with the California Government Code and the City’s and Investment Policies. In accordance with California Government Code section 53646(b)(3), staff believes that the investments and budgeted revenues for the City will provide sufficient cash flow to meet the anticipated cash flow requirements of each entity for the next six months.
Pooled cash and investments book balances are adjusted annually to reflect fair value as required by Generally Accepted Accounting Principles. The term fair value was formerly known as market value and became effective with the mandatory implementation of GASB 31 in fiscal year 1998. The attached investment schedules meet these requirements.
It should be noted that this is an investment portfolio report and does not include bank checking account deposits for the City. The Housing Authority is not required to file a quarterly report because it does not have any reportable investments since it closed it's investment account and transferred all funds to it's bank account which is covered by a general depository agreement, as required by HUD.
FISCAL IMPACT
There is no fiscal impact from this report. The City's portfolio had total investment earnings of $1,307,582 during the three-month period ending June 30, 2023. In addition, the portfolio also had a cumulative fair value versus cost value unrealized, non-cash loss of approximately $561,894 as of June 30, 2023. Fair value fluctuates from one period to another depending on the changes in interest rates and the supply and demand for bonds at a particular time. Therefore, there is often a difference between the cost value (the value at the time of purchase) and the fair value (the market value of the same security at a certain later period) creating an unrealized gain or loss.
ENVIRONMENTAL REVIEW
This action is exempt from the California Environmental Quality Act (CEQA) because it is not a project which has a potential for resulting in either a direct physical change in the environment, or a reasonably foreseeable indirect physical change in the environment, pursuant to CEQA Guideline section 15378.
ATTACHMENTS
1. City of Vallejo Economic and Account Analysis 06-30-2023
2. Chandler Monthly Statement - Account 262 - 06-30-23
CONTACT
Rekha Nayar, Finance Director, (707) 648-4592
[email protected]
CHANDLER ASSET MANAGEMENT, INC. | 800.317.4747 | www.chandlerasset.com
INVESTMENT REPORT
Period Ending June 30, 2023
City of Vallejo
SECTION 1 Economic Update
SECTION 2 Account Profile
Table of Contents As of June 30, 2023
1 SECTION |
Section 1 |
Economic Update
2 Economic Update
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▪
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Recent economic data continues to suggest positive but below trend growth this year. Although the pace of job growth is moderating, labor markets remain solid, and the U.S. consumer has demonstrated resiliency. Inflationary trends are subsiding, but core levels remain well above the Fed’s target. Given the cumulative effects of restrictive monetary policy and tighter financial conditions, we believe the economy will gradually soften and the Fed will remain data dependent as they tread cautiously going forward.
At the June meeting, the Federal Open Market Committee paused in their rate hiking campaign after ten straight rate increases and left the target Federal Funds rate in the current range of 5.00 - 5.25%. Market participants viewed the FOMC’s decision as a ‘hawkish’ pause, expecting further tightening in the future, primarily based on the updated release of the FOMC’s Summary of Economic Projections (SEP) forecast which reflected a stronger economic outlook and higher rates compared to the March forecast. We believe the resiliency of future economic data will determine if the Federal Reserve can stay on hold for a period of time or will be forced to tighten policy further to bring inflation back down towards their 2% policy objective.
The yield curve remained inverted in June. The 2-year Treasury yield surged 50 basis points to 4.90%, the 5-year Treasury yield rose 40 basis points to 4.16%, and the 10-year Treasury yield increased 19 basis points to 3.84%. The inversion between the 2-year Treasury yield and 10-year Treasury yield widened to -106 basis points at June month-end versus -76 basis points at May month-end. The spread between the 2-year Treasury and 10-year Treasury yield one year ago was +6 basis points.
The inversion between 3-month and 10-year Treasuries narrowed to -146 basis points in June from -176 basis points in May.
The shape of the yield curve indicates that the probability of recession is increasing. 3 Source: US Department of Labor Source: US Department of Labor Employment
The U.S. economy added 209,000 jobs in June, falling short of consensus expectations, and the last two months were revised downward by 110,000 jobs. Although decelerating, the pace of job growth remains healthy with the three-month moving average payrolls at 244,000 and the six-month moving average at 278,000. The unemployment rate declined to 3.6% in June from 3.7% in May, while the labor force participation rate remained at 62.6%. The U-6 underemployment rate, which includes those who are marginally attached to the labor force and employed part time for economic reasons, increased to 6.9% from the prior month at 6.7%. Average hourly earnings remained at 4.4% year-over-year in June, unchanged from an upwardly revised 4.4% increase in May. While the longer-term trend of hiring is slowing, levels remain consistent with a solid labor market.
0 100
200
300
400
500
600
700
800
900
1,000
MOM Change In (000's)
Nonfarm Payroll (000's)
Non-farm Payroll (000's)
3 month average (000's)
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
Rate (%)
4 Source: US Department of Labor Source: US Department of Commerce Inflation
The Consumer Price Index (CPI) increased in May by 0.1% month-over-month and 4.0% year-over-year, down from 4.9% in April. The Core CPI, which excludes volatile food and energy components, remained firm at 0.4% month-over-month and 5.3% year-over-year, decelerating modestly from 5.5% in April. The Personal Consumption Expenditures (PCE) index rose 3.8% year-over-year in May, down from a 4.3% gain in April. Core PCE, the Federal Reserve’s preferred inflation gauge, increased 4.6% year-over-year in May, down slightly from a 4.7% increase in April. Core inflation remains stubbornly elevated above the Fed's 2% target, with service-sector inflation and strong wage growth as headwinds.
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
Personal Consumption Expenditures (PCE)
PCE Price Deflator YOY % Change
PCE Core Deflator YOY % Change
YOY( %) Change
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
Consumer Price Index (CPI)
CPI YOY % Change
Core CPI YOY % Change
YOY( %) Change
5 Advance Retail Sales rose 0.3% month-over-month in May, beating expectations but slowing from a 0.4% increase in April. Gains were broad- based and translated to a year-over-year increase of 1.5% in May versus a downwardly revised 1.2% increase in April. The Conference Board’s Consumer Confidence Index surged to a better than expected 109.7in June from 102.5 in May. Both current conditions and future expectations gained strength.
Source: US Department of Commerce Source: The Conference Board
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
Retail Sales YOY % Change
YOY (%) Change
80 90
100
110
120
130
140
Index Level
Consumer Confidence
Consumer
6 Source: The Conference Board Source: Federal Reserve Bank of Chicago Economic Activity
The Conference Board’s Leading Economic Index (LEI) remained in negative territory for the fourteenth consecutive month at -0.7% in May, versus –0.6% in April and was down 7.9% year-over-year in May. The consistent decline month-over-month continues to signal future contraction in the economy. The Chicago Fed National Activity Index (CFNAI) fell to -0.15 in May from 0.14 in April. On a 3-month moving average basis, the CFNAI remained negative at -0.14 in May, indicating a rate of growth below the historical average trend. -0.50
-0.25
0.00 0.25
0.50 0.75
1.00 Chicago Fed National Activity Index (CFNAI)
3 Month Average
-1.5%
-1.0%
-0.5%
0.0%
0.5%
1.0%
1.5%
Leading Economic Indicators (LEI)
MOM ( %) Change
7 Source: US Department of Commerce Source: S&P
Housing
0 200
400
600
800
1000
1200
1400
1600
1800
2000
MOM Change (In Thousands of Units)
Housing Starts
Multi Family Housing Starts
Single Family Housing Starts
-2.0%
0.0%
2.0%
4.0%
6.0%
8.0%
10.0%
12.0%
14.0%
16.0%
18.0%
20.0%
22.0%
24.0%
S&P/Case-Shiller 20 City Composite Home Price Index
YOY( %) Change
Total housing starts rose 21.7% month-over-month in May to 1,631,000 units from a downwardly revised 1,340,000 in April and were up 5.7% compared to May 2022. Both single-family and multi-family construction increased as expectations for lower rates and greater availability of construction labor and materials drove the surge in starts. The 30-year fixed rate mortgage stabilized at an average of approximately 6.7% at June month-end according to Freddie Mac. According to the Case-Shiller 20-City Home Price Index, housing prices dropped 1.7% in April after falling 1.1% in March, clearly displaying the impact of higher mortgage rates year-over-year, which have reduced demand for homebuying as affordability has declined. The Southeast remains the strongest region, while the West continues to be the weakest. 8 Source: Institute for Supply Management Source: Federal Reserve Manufacturing
The Institute for Supply Management (ISM) manufacturing index fell to 46.0in June from 46.9 in May. This is the eighth consecutive month of readings below 50.0, which is indicative of contraction in the manufacturing sector. Industrial production rose 0.5% in April due to increases in manufacturing and mining. This equates to a 0.24% increasein industrial production from the prior year. Capacity utilization increased to 79.7% in April from a downwardly revised 79.4% in March, inching above its 1972-2021 average of 79.6%. 40 42
44 46
48 50
52 54
56 58
60 62
64 66
Institute of Supply Management Purchasing Manager Index
EXPANDING
CONTRACTING
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
20.0%
Industrial Production
YOY( %) Change
9 Source: US Department of Commerce Source: US Department of Commerce 6/22 9/22 12/22 3/23
1.4% 1.5% 0.7% 2.8%
-2.8% -1.8% 0.8% -2.2%
1.2% 2.9% 0.4% 0.6%
-0.2% 0.2% 0.4% 0.4%
-0.1% 0.4% 0.3% 0.5%
-0.6% 3.3% 2.6% 2.0%
Federal Government Expenditures
State and Local (Consumption and Gross
Investment)
Gross Private Domestic Investment
Personal Consumption Expenditures
Components of GDP
Net Exports and Imports
Total
-35.0%
-30.0%
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
Gross Domestic Product (GDP)
GDP QOQ % Change
GDP YOY % Change
Gross Domestic Product (GDP)
According to the third estimate, first quarter 2023GDP growth was revised up to 2.0% from 1.3%. Stronger personal consumption expenditures were the primary driver of the upward revision. The consensus estimate calls for 1.2% growth for the second quarter and 1.3% growth for the full year 2023.
10 Federal Reserve
Source: Federal Reserve Source: Bloomberg
At the June meeting, the Federal Open Market Committee paused in their rate hiking campaign after ten straight rate increases and left the target Federal Funds rate in the current range of 5.00 - 5.25%. Market participants viewed the FOMC’s decision as a ‘hawkish’ pause, expecting further tightening in the future, primarily based on the updated release of the FOMC’s Summary of Economic Projections (SEP) forecast. The SEP is forecasting higher GDP, a lower unemployment rate, and higher PCE inflation compared to the March 2023forecast. The median forecast for the Fed Funds rate was also increased to 5.6% in June, compared to the prior forecast of 5.1% in March, suggesting another 50 basis points of tightening in 2023. We believe the resiliency of future economic data will determine if the Federal Reserve can stay on hold for a period of time or will be forced to tighten policy further to bring inflation back down towards their 2% policy objective.
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
3.50%
4.00%
4.50%
5.00%
5.50%
Effective Federal Funds Rate
Yield (%)
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
Federal Reserve Balance Sheet Assets
In $ millions
11 Source: Bloomberg Source: Bloomberg
0.0%
0.5%
1.0%
1.5%
2.0%
2.5%
3.0%
3.5%
4.0%
4.5%
5.0%
US Treasury Note Yields
2-Year
5-Year
10-Year
Yield (%)
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
US Treasury Yield Curve
Jun-23
Mar-23
Jun-22
Yield (%)
Bond Yields
At the end of June, the 2-year Treasury yield was 194basis points higher, and the 10-Year Treasury yield was about 82 basis points higher, year- over-year. The inversion between the 2-year Treasury yield and 10-year Treasury yield widened to -106 basis points at June month-end versus - 76 basis points at May month-end. The average historical spread (since 2003) is about +130 basis points. The inversion between 3-month and 10-year Treasuries narrowed to -146 basis points in June from -176 basis points in May. The shape of the yield curve indicates that the probability of recession is increasing.
12 Section 2|SECTION |
Section 2 |
Account Profile
13 Objectives
Chandler Asset Management Performance Objective
The performance objective for the portfolio is to earn a total rate of return through a market cycle that is equal to or above the return on the benchmark index.
Investment Objectives
The investment objectives for the City of Vallejo, in order of priority, are to provide safety to ensure the preservation of capital in the overall portfolio, provide sufficient liquidity for cash needs, and a market rate of return consistent with the investment program.
Strategy
In order to achieve this objective, the portfolio invests in high-quality fixed income securities that comply with the investment policy and all regulations governing the funds.
As of June 30, 2023
14 Compliance As of June 30, 2023
Category Standard Comment
U.S. Treasuries No limit; 5 years max maturity Complies Federal Agencies
50% max; 30% max per Agency/GSE issuer; 20% max agency callable securities; 5 years max maturity; Allowable securities include: 1) Issues which are backed by the full faith and credit of the U.S., and 2) Issues which are implicitly backed by the full faith and credit of the U.S. and/or are in conservatorship.
Complies
Supranational Obligations AA rating category or higher by a NRSRO; 30% max; 10% max per issuer; 5 years max maturity; USD denominated senior unsecured unsubordinated obligations; Issued or unconditionally guaranteed by IBRD, IFC, or IADB Complies Municipal Securities (CA, Other States) "A" rating category or better by a NRSRO; 10% max; 5% max per issuer; 5 years max maturity Complies Corporate Medium Term Notes "A" rating category or higher by a NRSRO; 30% max; 5% max per issuer; 5 years max maturity; Issued by corporations organized and operating in the U.S. or by depository institutions licensed by the U.S. Complies Asset-Backed, Mortgage-Backed
Securities, and Collateralized Mortgage
Obligations
"AA" rating category or better by a NRSRO; 20% max (combined with ABS/MBS/CMO); 5% max per Asset-Backed or Commercial Mortgage security issuer; From Issuers not defined in sections A-D (Treasuries, Agencies) of the authorized investments; 5 years max maturity
Complies
Negotiable Certificates of Deposit (NCD)
The amount of NCD insured up to the FDIC limit does not require any credit ratings; Any amount above FDIC insured limit must be issued by institutions with "A-1" short-term debt rating or better by a NRSRO; or "A" long-term rating category or better by a NRSRO; 30% max; 5% max per issuer; 5 years max maturity Complies
Certificates of Deposit (CDs)
20% max; CDs >$250k must be collateralized 110%; 5 years max maturity; All institutions must (1) have a minimum of $100 million in assets; (2) have a demonstrated history of positive earnings; and (3) must carry a minimum 3.5% equity ratio and hold that ratio for at least one year prior to the City's investment. All institutions must be located within the State of California; For collateralized or NCDs, institution must have a minimum $1 billion in assets.
Complies
Banker’s Acceptances "A-1" rated or better by a NRSRO; or "A" long-term debt rated category or better by a NRSRO; 40% max, 5% max per issuer; 180 days max maturity Complies
Commercial Paper
"A-1" rated or better by a NRSRO; and Issued by corporations with long-term debt rating of "A" or better by a NRSRO; 25% max; 40% max in Commercial Paper if the City's investment AUM are >$100 million, under a provision sunsetting on January 1, 2026; $1million max per issuing corporation; 5% max per issuer; 10% max of the outstanding commercial paper of any issuer; 270 days max maturity; Notes are secured promissory notes of industrial corporations, utilities and bank holding companies; Issuer must be a corporation organized and operating in the U.S. with assets >$500 million
Complies
Money Market Mutual Funds
Meet either of the following criteria: 1) Attained highest rating by two NRSROs; or 2) Retained an investment adviser registered or exempt from SEC registration with > 5 years experience and AUM >$500 million; 3) 10% max in Money Market Mutual Funds; 4) 5% max per issuer; 4 years max maturity Complies
City of Vallejo
Assets managed by Chandler Asset Management are in full compliance with state law and with the Client's investment policy. 15 Compliance As of June 30, 2023
Category Standard Comment
Mutual Funds
Meet either of the following criteria: 1) Attained highest rating by two NRSROs; or 2) Retained an investment adviser registered or exempt from SEC registration with > 5 years experience and AUM >$500 million; 3) 10% max in Mutual Funds; 4) 5% max per issuer; 4 years max maturity
Complies
Repurchase Agreements 20% max; 102% Collateralized; 1 year max maturity; Not used by Investment Adviser Complies Local Agency Investment Fund (LAIF) Maximum amount permitted by LAIF; 15 transactions limit per month, per account, per State policy Complies Local Government Investment
Pools(LGIP) No issuer limitation Complies
Equity Securities Only received by gift, bankruptcy, or in lieu of moneys due City Complies Social Responsibility No investment is to be made in a company that receives more than 51% of its gross revenues from the production or manufacture of fossil fuels, weapons, manufacturing, cigarettes, alcohol, or gaming products Complies Max Per Issuer 5% max per issuer unless otherwise specified in the policy Complies Max Per Asset Class 50% max per asset class of the portfolio (except U.S. Treasuries and authorized Pools) Complies Weighted Average Maturity 3 years Complies
Maximum Maturity 5 years Complies
City of Vallejo
Assets managed by Chandler Asset Management are in full compliance with state law and with the Client's investment policy. 16 Portfolio Characteristics
City of Vallejo Consolidated
06/30/23
Portfolio
03/31/23
Portfolio
Average Maturity (yrs) 1.21 1.30
Modified Duration 1.04 1.14
Average Purchase Yield 3.27% 2.84%
Average Market Yield 4.55% 4.07%
Average Quality* AA+/Aa1 AA+/Aa1
Total Market Value 223,618,943 202,902,970
*Portfolio is S&P and Moody’s, respectively.
As of June 30, 2023
17 City of Vallejo Consolidated
Sector Distribution
ABS
4.0%
Agency
9.4%
CMO
1.1%
Corporate
13.0%
LAIF
25.3%
Money Market
Fund
14.6%
US Treasury
32.5%
June 30, 2023 March 31, 2023
ABS
4.8%
Agency
11.5%
CMO
0.4%
Corporate
12.4%
LAIF
27.7%
Money Market
Fund
1.4%
US Treasury
41.9%
As of June 30, 2023
18 0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
50.0%
55.0%
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ June 30, 2023 March 31, 2023
June 30, 2023 vs. March 31, 2023
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ 06/30/23 49.9% 6.0% 6.8% 16.0% 6.8% 10.3% 4.1% 0.0%
03/31/23 39.9% 11.3% 6.6% 20.8% 9.4% 9.3% 2.8% 0.0%
City of Vallejo Consolidated
Duration Distribution As of June 30, 2023
19 AAA AA A <A NR
06/30/23 31.1% 30.0% 11.6% 0.1% 27.2%
03/31/23 24.9% 35.9% 10.0% 0.1% 29.1%
Source: S&P Ratings
June 30, 2023 vs. March 31, 2023
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
AAA AA A <A NR
06/30/23 03/31/23
Quality Distribution
City of Vallejo Consolidated
As of June 30, 2023
20 Purchase Yield as of 06/30/23 = 3.27%
0.00 0.50
1.00 1.50
2.00 2.50
3.00 3.50
Percent (%)
Historical Average Purchase Yield
City of Vallejo Consolidated
As of June 30, 2023
21 Portfolio Characteristics
City of Vallejo Bond Proceeds
06/30/23
Portfolio
03/31/23
Portfolio
Average Maturity (yrs) 0.40 0.53
Modified Duration 0.39 0.52
Average Purchase Yield 2.37% 1.81%
Average Market Yield 5.15% 4.63%
Average Quality* AAA/Aaa AAA/Aaa
Total Market Value 45,283,761 46,434,190
*Portfolio is S&P and Moody’s, respectively.
As of June 30, 2023
22 City of Vallejo Bond Proceeds
Sector Distribution
Money Market
Fund
18.7%
Negotiable CD
4.6%
US Treasury
76.7%
June 30, 2023 March 31, 2023
Money Market
Fund
11.2%
Negotiable CD
4.4%
US Treasury
84.4%
As of June 30, 2023
23 0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
50.0%
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ June 30, 2023 March 31, 2023
June 30, 2023 vs. March 31, 2023
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ 06/30/23 45.3% 18.6% 27.7% 8.4% 0.0% 0.0% 0.0% 0.0%
03/31/23 39.4% 25.6% 18.7% 16.4% 0.0% 0.0% 0.0% 0.0%
City of Vallejo Bond Proceeds
Duration Distribution As of June 30, 2023
24 AAA AA A <A NR
06/30/23 41.9% 58.1% 0.0% 0.0% 0.0%
03/31/23 33.1% 66.9% 0.0% 0.0% 0.0%
Source: S&P Ratings
June 30, 2023 vs. March 31, 2023
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
AAA AA A <A NR
06/30/23 03/31/23
Quality Distribution
City of Vallejo Bond Proceeds
As of June 30, 2023
25 Important Disclosures
2023 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.
Information contained herein is confidential. Prices are provided by ICE Data Services Inc (“IDS”), an independent pricing source. In the event IDS does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.
Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.
Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index.
Source ICE Data Indices, LLC ("ICE"), used with permission. ICE permits use of the ICE indices and related data on an "as is" basis; ICE, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE data, its affiliates or their respective third party providers guarantee the quality, adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an "as is" basis and licensee's use it at licensee's own risk. ICE data, its affiliates and their respective third party do not sponsor, endorse, or recommend chandler asset management, or any of its products or services.
This report is provided for informational purposes only and should not be construed as a specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of publication, but may become outdated or superseded at any time without notice. Any opinions or views expressed are based on current market conditions and are subject to change. This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied upon as indicator of future results. Past performance is not indicative of future results. This report is not intended to constitute an offer, solicitation, recommendation or advice regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment.
Fixed income investments are subject to interest, credit and market risk. Interest rate risk: the value of fixed income investments will decline as interest rates rise. Credit risk: the possibility that the borrower may not be able to repay interest and principal. Low rated bonds generally have to pay higher interest rates to attract investors willing to take on greater risk. Market risk: the bond market in general could decline due to economic conditions, especially during periods of rising interest rates.
Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.
Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody’s and Fitch respectively.
Your qualified custodian bank maintains control of all assets reflected in this statement and we urge you to compare this statement to the one you receive from your qualified custodian. Chandler does not have any authority to withdraw or deposit funds from/to the custodian account.
As of June 30, 2023
26 Benchmark Disclosures
ICE BofA 1-Yr US Treasury Bill Index
The ICE BofA US 1-Year Treasury Bill Index is comprised of a single issue purchased at the beginning of the month and held for a full month. At the end of the month that issue is sold and rolled into a newly selected issue. The issue selected at each month-end rebalancing is the outstanding Treasury Bill that matures closest to, but not beyond, twelve months from the rebalancing date.
ICE BofA 1-5 Yr US Treasury & Agency Index
The ICE BofA 1-5 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies.
As of June 30, 2023
27 MONTHLY ACCOUNT STATEMENT
City of Vallejo Consolidated - Account #262
JUNE 1, 2023 THROUGH JUNE 30, 2023
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures.
CHANDLER
ASSET MANAGEMENT
chandlerasset.com
Chandler Team:
For questions about your account, please call (800) 317-4747, or contact
[email protected]
ACCOUNT SUMMARY
Beg. Values
as of
5/31/23
End Values
as of
6/30/23
Market Value
202,606,895
222,406,274
Accrued Interest
1,074,876
1,212,669
Total Market Value
203,681,770
223,618,943
Income Earned
482,846
523,484
Cont/WD
Par
208,352,463
228,746,089
Book Value
207,144,604
227,407,169
Cost Value
207,756,388
227,852,316
TOP ISSUERS
Government of United States
32.5%
Local Agency Investment Fund
25.3%
Wells Fargo Adv Tsy Plus Money
14.6%
Federal Home Loan Bank
3.7%
Federal National Mortgage Assoc
3.5%
Federal Home Loan Mortgage Corp
3.1%
Toronto Dominion Holdings
0.8%
Chubb Corporation
0.8%
Total
84.4%
PORTFOLIO CHARACTERISTICS
Average Modified Duration
1.04 Average Coupon
3.14%
Average Purchase YTM
2.95%
Average Market YTM
4.55%
Average S&P/Moody Rating
AA+/Aa1
Average Final Maturity
1.21 yrs
Average Life
1.07 yrs
CREDIT QUALITY (S&P)
MATURITY DISTRIBUTION
SECTOR ALLOCATION
Portfolio Summary
As of June 30, 2023
City of Vallejo Consolidated
Account #262
PERFORMANCE REVIEW
Annualized
TOTAL RATE OF RETURN
1M
3M
YTD
1YR
2YRS
3YRS
5YRS
10YRS
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Holdings Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
CUSIP
Security Description
Par Value/Units
Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
43813RAC1
Honda Auto Receivables
2020-1
A
3 1.61%
Due
4/22/2024
4,107.31
02/19/2020
1.62%
4,106.51
4,107.15
99.78 6.62%
4,098.36
1.84 0.00%
(
8.79 )
Aaa / NR
AAA
0.81 0.04
47789KAC7
John Deere Owner Trust
2020
-A A
3 1.1%
Due
8/15/2024
3,438.34
03/04/2020
1.11%
3,438.13
3,438.29
99.83 7.52%
3,432.35
1.68 0.00%
(
5.94 )
Aaa / NR
AAA
1.13 0.03
89237VAB5
Toyota Auto Receivables Trust
2020
-C
A
3 0.44%
Due
10/15/2024
16,284.68
07/21/2020
0.44%
16,283.43
16,284.30
99.31 6.03%
16,172.92
3.18 0.01%
(
111.38
)
Aaa / AAA
NR
1.30 0.12
43813KAC6
Honda Auto Receivables Trust
2020-3
A
3 0.37%
Due
10/18/2024
114,414.00
09/22/2020
0.38%
114,397.19
114,411.94
98.61 5.95%
112,828.79
15.29 0.05%
(
1,583.15
)
NR / AAA
AAA
1.30 0.25
47787NAC3
John Deere Owner Trust
2020
-B A
3 0.51%
Due
11/15/2024
20,780.32
07/14/2020
0.52%
20,777.16
20,779.83
99.28 5.17%
20,631.02
4.71 0.01%
(
148.81
)
Aaa / NR
AAA
1.38 0.15
58769KAD6
Mercedes-Benz Auto Lease Trust
2021
-
B A
3 0.4%
Due
11/15/2024
309,145.81
06/22/2021
0.40%
309,122.47
309,140.84
98.41 6.13%
304,241.52
54.96 0.14%
(
4,899.32
)
NR / AAA
AAA
1.38 0.27
09690AAC7
BMW Vehicle Lease Trust
2021-2
A
3 0.33%
Due
12/26/2024
130,166.64
09/08/2021
0.34%
130,153.21
130,163.78
98.70 6.39%
128,480.72
7.16 0.06%
(
1,683.06
)
Aaa / NR
AAA
1.49 0.21
92290BAA9
Verizon Owner Trust
2020
-B A
0.47%
Due
2/20/2025
95,059.60
08/04/2020
0.48%
95,039.64
95,052.35
99.30 5.63%
94,396.47
13.65 0.04%
(
655.88
)
Aaa / NR
AAA
1.65 0.13
36265MAC9
GM Financial Auto Lease Trust
2022-1
A
3 1.9%
Due
3/20/2025
640,000.00
02/15/2022
1.91%
639,994.50
639,997.95
98.05 5.87%
627,541.12
371.56
0.28%
(
12,456.83
)
Aaa / NR
AAA
1.72 0.49
05601XAC3
BMW Vehicle Lease Trust
2022-1
A
3 1.1%
Due
3/25/2025
249,212.06
01/11/2022
1.11%
249,174.80
249,199.52
98.29 5.84%
244,950.53
45.69 0.11%
(
4,248.99
)
NR / AAA
AAA
1.74 0.36
44891RAC4
Hyundai Auto Receivables Trust
2020
-C
A
3 0.38%
Due
5/15/2025
175,342.28
10/20/2020
0.39%
175,301.89
175,334.60
98.11 6.19%
172,021.47
29.61 0.08%
(
3,313.13
)
NR / AAA
AAA
1.88 0.32
89240BAC2
Toyota Auto Receivables Owners
2021
-
A A
3 0.26%
Due
5/15/2025
86,761.91
02/02/2021
0.27%
86,745.81
86,758.24
97.82 5.87%
84,868.24
10.03 0.04%
(
1,890.00
)
Aaa / NR
AAA
1.88 0.39
36266FAC3
GM Financial Auto Lease Trust
2022-2
A
3 3.42%
Due
6/20/2025
390,000.00
05/03/2022
3.45%
389,959.32
389,980.45
98.22 5.90%
383,073.60
407.55
0.17%
(
6,906.85
)
NR / AAA
AAA
1.98 0.72
47788UAC6
John Deere Owner Trust
2021
-A A
3 0.36%
Due
9/15/2025
141,277.22
03/02/2021
0.37%
141,250.07
141,267.47
97.07 6.12%
137,141.75
22.60 0.06%
(
4,125.72
)
Aaa / NR
AAA
2.21 0.50
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Holdings Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
CUSIP
Security Description
Par Value/Units
Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
44933LAC7
Hyundai Auto Receivables Trust
2021
-A
A
3 0.38%
Due
9/15/2025
239,715.85
04/20/2021
0.38%
239,690.64
239,708.62
97.38 6.00%
233,429.54
40.49 0.10%
(
6,279.08
)
NR / AAA
AAA
2.21 0.46
44934KAC8
Hyundai Auto Receivables Trust
2021
-B
A
3 0.38%
Due
1/15/2026
659,802.80
07/20/2021
0.39%
659,657.17
659,746.58
96.75 5.98%
638,342.05
111.43
0.29%
(
21,404.53
)
NR / AAA
AAA
2.55 0.58
43815GAC3
Honda Auto Receivables Trust
2021-4
A
3 0.88%
Due
1/21/2026
310,000.00
11/16/2021
0.89%
309,934.65
309,966.86
95.98 5.92%
297,532.11
75.78 0.13%
(
12,434.75
)
Aaa / NR
AAA
2.56 0.80
47789QAC4
John Deere Owner Trust
2021
-B A
3 0.52%
Due
3/16/2026
337,497.31
07/13/2021
0.52%
337,467.20
337,483.24
95.80 6.12%
323,318.04
78.00 0.14%
(
14,165.20
)
Aaa / NR
AAA
2.71 0.75
44935FAD6
Hyundai Auto Receivables Trust
2021
-C
A
3 0.74%
Due
5/15/2026
220,000.00
11/09/2021
0.75%
219,950.90
219,976.02
96.07 5.87%
211,348.50
72.36 0.09%
(
8,627.52
)
NR / AAA
AAA
2.88 0.77
43815BAC4
Honda Auto Receivables Trust
2022-1
A
3 1.88%
Due
5/15/2026
500,000.00
02/15/2022
1.89%
499,924.80
499,956.30
95.55 5.87%
477,753.00
417.78
0.21%
(
22,203.30
)
Aaa / AAA
NR
2.88 1.13
05602RAD3
BMW Vehicle Owner Trust
2022
-A A
3 3.21%
Due
8/25/2026
325,000.00
05/10/2022
3.23%
324,983.10
324,989.20
97.22 5.76%
315,969.88
173.88
0.14%
(
9,019.32
)
Aaa / AAA
NR
3.16 1.10
89238FAD5
Toyota Auto Receivables OT
2022
-B A
3 2.93%
Due
9/15/2026
335,000.00
04/07/2022
2.95%
334,992.16
334,995.09
96.74 5.69%
324,078.33
436.24
0.15%
(
10,916.76
)
Aaa / AAA
NR
3.21 1.20
362554AC1
GM Financial Securitized Term
2021-4
A
3 0.68%
Due
9/16/2026
235,000.00
10/13/2021
0.68%
234,994.01
234,996.99
95.50 6.14%
224,436.52
66.58 0.10%
(
10,560.47
)
Aaa / AAA
NR
3.22 0.82
47787JAC2
John Deere Owner Trust
2022
-A A
3 2.32%
Due
9/16/2026
305,000.00
03/10/2022
2.34%
304,932.53
304,957.43
96.32 5.88%
293,786.07
314.49
0.13%
(
11,171.36
)
Aaa / NR
AAA
3.22 1.04
380146AC4
GM Financial Auto Receivables
2022-1
A
3 1.26%
Due
11/16/2026
200,000.00
01/11/2022
1.27%
199,982.62
199,990.19
95.52 5.90%
191,041.80
105.00
0.09%
(
8,948.39
)
NR / AAA
AAA
3.38 0.97
362585AC5
GM Financial Securitized ART
2022-2
A
3 3.1%
Due
2/16/2027
300,000.00
04/05/2022
3.13%
299,937.30
299,959.54
96.77 5.72%
290,295.30
387.50
0.13%
(
9,664.24
)
Aaa / AAA
NR
3.64 1.25
47800AAC4
John Deere Owner Trust
2022
-B A
3 3.74%
Due
2/16/2027
400,000.00
07/12/2022
3.77%
399,961.80
399,971.92
97.15 5.73%
388,617.60
664.89
0.17%
(
11,354.32
)
Aaa / NR
AAA
3.64 1.46
02582JJT8
American Express Credit Trust
2022-2
A
3.39%
Due
5/17/2027
840,000.00
05/17/2022
3.42%
839,814.19
839,883.08
96.51 5.43%
810,649.56
1,265.60
0.36%
(
29,233.52
)
NR / AAA
AAA
3.88 1.75
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Holdings Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
CUSIP
Security Description
Par Value/Units
Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
92348KAV5
Verizon Master Trust
2022-5
A
1 A
3.72%
Due
7/20/2027
350,000.00
08/02/2022
3.75%
349,984.60
349,989.53
98.78 5.25%
345,734.90
397.83
0.15%
(
4,254.63
)
NR / AAA
AAA
4.06 1.09
58768PAC8
Mercedes-Benz Auto Receivables
2022-
1 A
3 5.21%
Due
8/16/2027
915,000.00
11/15/2022
5.28%
914,819.01
914,850.51
99.54 5.56%
910,805.64
2,118.73
0.41%
(
4,044.87
)
Aaa / AAA
NR
4.13 1.57
02582JJZ4
American Express Credit Trust
2023-1
A
4.87%
Due
5/15/2028
375,000.00
06/07/2023
4.92%
374,966.74
374,967.27
99.41 5.15%
372,786.38
862.40
0.17%
(
2,180.89
)
NR / AAA
AAA
4.88 2.60
Total ABS
9,223,006.13
2.35%
9,221,737.55
9,222,305.08
5.78%
8,983,804.08
8,578.49
4.02%
(
238,501.00
)
Aaa / AAA
AAA
2.98 1.02
AGENCY
3130A0XE5
FHLB Note
3.25%
Due
3/8/2024
750,000.00
08/19/2022
3.38%
748,537.50
748,537.50
98.53 5.45%
738,956.25
7,651.04
0.33%
(
9,581.25
)
Aaa / AA+
NR
0.69 0.66
3133EKWV4
FFCB Note
1.85%
Due
7/26/2024
500,000.00
08/13/2019
1.65%
504,828.00
501,044.11
96.24 5.50%
481,219.50
3,982.64
0.22%
(
19,824.61
)
Aaa / AA+
AAA
1.07 1.03
3130A2UW4
FHLB Note
2.875%
Due
9/13/2024
500,000.00
10/10/2019
1.58%
530,505.00
507,460.92
97.17 5.33%
485,830.00
4,312.50
0.22%
(
21,630.92
)
Aaa / AA+
AAA
1.21 1.15
3135G0W66
FNMA Note
1.625%
Due
10/15/2024
500,000.00
11/08/2019
1.80%
495,850.00
498,911.17
95.41 5.35%
477,057.00
1,715.28
0.21%
(
21,854.17
)
Aaa / AA+
AAA
1.30 1.25
3130A3GE8
FHLB Note
2.75%
Due
12/13/2024
1,850,000.00
02/26/2020
1.26%
1,977,594.50
1,888,693.71
96.46 5.31%
1,784,480.40
2,543.75
0.80%
(
104,213.31
)
Aaa / AA+
NR
1.46 1.40
3135G0X24
FNMA Note
1.625%
Due
1/7/2025
1,835,000.00
01/08/2020
1.69%
1,829,146.35
1,833,215.66
94.82 5.22%
1,739,882.78
14,412.40
0.78%
(
93,332.88
)
Aaa / AA+
AAA
1.53 1.46
3137EAEP0
FHLMC Note
1.5%
Due
2/12/2025
2,040,000.00
02/13/2020
1.52%
2,038,429.20
2,039,490.46
94.40 5.16%
1,925,706.96
11,815.00
0.87%
(
113,783.50
)
Aaa / AA+
AAA
1.62 1.55
3130A4CH3
FHLB Note
2.375%
Due
3/14/2025
1,750,000.00
03/19/2020
1.18%
1,851,097.50
1,784,550.90
95.55 5.13%
1,672,147.75
12,353.30
0.75%
(
112,403.15
)
Aaa / AA+
AAA
1.71 1.63
3130AJHU6
FHLB Note
0.5%
Due
4/14/2025
1,900,000.00
05/28/2020
0.50%
1,899,601.00
1,899,853.71
92.52 4.92%
1,757,870.50
2,031.94
0.79%
(
141,983.21
)
Aaa / AA+
AAA
1.79 1.74
3135G03U5
FNMA Note
0.625%
Due
4/22/2025
805,000.00
04/22/2020
0.67%
803,341.70
804,399.05
92.48 5.02%
744,476.88
964.32
0.33%
(
59,922.17
)
Aaa / AA+
AAA
1.81 1.76
3135G04Z3
FNMA Note
0.5%
Due
6/17/2025
2,020,000.00
06/17/2020
0.54%
2,015,818.60
2,018,356.32
91.81 4.93%
1,854,527.66
392.78
0.83%
(
163,828.66
)
Aaa / AA+
AAA
1.97 1.91
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Holdings Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
CUSIP
Security Description
Par Value/Units
Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
AGENCY
3137EAEU9
FHLMC Note
0.375%
Due
7/21/2025
1,075,000.00
07/21/2020
0.48%
1,069,646.50
1,072,795.79
91.24 4.90%
980,818.18
1,791.67
0.44%
(
91,977.61
)
Aaa / AA+
AAA
2.06 2.00
3135G05X7
FNMA Note
0.375%
Due
8/25/2025
1,700,000.00
08/25/2020
0.47%
1,692,044.00
1,696,571.59
90.99 4.83%
1,546,913.30
2,231.25
0.69%
(
149,658.29
)
Aaa / AA+
AAA
2.16 2.09
3137EAEX3
FHLMC Note
0.375%
Due
9/23/2025
1,560,000.00
09/23/2020
0.44%
1,555,304.40
1,557,901.91
90.74 4.80%
1,415,492.52
1,592.50
0.63%
(
142,409.39
)
Aaa / AA+
AAA
2.24 2.17
3135G06G3
FNMA Note
0.5%
Due
11/7/2025
1,680,000.00
11/09/2020
0.57%
1,673,985.60
1,677,159.59
90.63 4.76%
1,522,612.56
1,260.00
0.68%
(
154,547.03
)
Aaa / AA+
AAA
2.36 2.29
3130ATUC9
FHLB Note
4.5%
Due
12/12/2025
1,800,000.00
02/08/2023
4.21%
1,813,572.00
1,811,713.54
99.14 4.87%
1,784,572.20
4,275.00
0.80%
(
27,141.34
)
Aaa / AA+
NR
2.45 2.29
Total Agency
22,265,000.00
1.29%
22,499,301.85
22,340,655.93
5.04%
20,912,564.44
73,325.37
9.38%
(
1,428,091.49
)
Aaa / AA+
AAA
1.82 1.75
CMO
3137BFE98
FHLMC K
041
A
2 3.171%
Due
10/25/2024
800,000.00
07/01/2021
0.72%
860,562.50
823,466.69
97.07 5.56%
776,570.40
2,114.00
0.35%
(
46,896.29
)
Aaa / AAA
AAA
1.32 1.16
3137FG6X8
FHLMC K
077
A
2 3.85%
Due
5/25/2028
1,835,000.00
05/24/2023
4.65%
1,801,310.55
1,801,902.24
96.83 4.57%
1,776,878.21
1,177.46
0.80%
(
25,024.03
)
NR / NR
AAA
4.91 4.29
Total CMO
2,635,000.00
3.42%
2,661,873.05
2,625,368.93
4.87%
2,553,448.61
3,291.46
1.14%
(
71,920.32
)
Aaa / AAA
AAA
3.82 3.33
CORPORATE
06406RAJ6
Bank of NY Mellon Corp Note
3.45%
Due
8/11/2023
250,000.00
08/03/2022
3.38%
250,162.50
250,162.50
99.76 5.50%
249,400.50
3,354.17
0.11%
(
762.00
)
A
1 / A
AA-
0.12 0.11
02665WCT6
American Honda Finance Note
3.55%
Due
1/12/2024
250,000.00
08/19/2022
3.50%
250,145.00
250,145.00
98.90 5.67%
247,255.75
4,166.32
0.11%
(
2,889.25
)
A
3 / A-
A
0.54 0.51
756109BD5
Realty Income Corp Callable Note Cont
11/6/2023
4.6%
Due
2/6/2024
750,000.00
06/14/2023
5.63%
745,192.50
745,192.50
99.13 6.09%
743,453.25
13,895.83
0.34%
(
1,739.25
)
A
3 / A-
NR
0.61 0.57
637432NL5
National Rural Utilities Callable Note
Cont
12/7/2023
2.95%
Due
2/7/2024
250,000.00
08/03/2022
3.40%
248,377.50
248,377.50
98.36 5.75%
245,903.00
2,950.00
0.11%
(
2,474.50
)
A
1 / A-
A+
0.61 0.58
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Holdings Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
CUSIP
Security Description
Par Value/Units
Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
CORPORATE
437076BC5
Home Depot Callable Note Cont
11/15/2023
3.75%
Due
2/15/2024
250,000.00
09/26/2022
4.44%
247,712.50
247,712.50
98.95 5.47%
247,380.75
3,541.67
0.11%
(
331.75
)
A
2 / A
A
0.63 0.60
17275RAN2
Cisco Systems Note
3.625%
Due
3/4/2024
250,000.00
09/26/2022
4.42%
247,280.00
247,280.00
98.78 5.48%
246,944.75
2,945.31
0.11%
(
335.25
)
A
1 / AA-
NR
0.68 0.65
24422EUX5
John Deere Capital Corp Note
2.6%
Due
3/7/2024
250,000.00
09/26/2022
4.47%
243,532.50
243,532.50
98.01 5.59%
245,021.75
2,058.33
0.11%
1,489.25
A
2 / A
A+
0.69 0.66
89114QCB2
Toronto Dominion Bank Note
3.25%
Due
3/11/2024
750,000.00
Various
4.98%
740,162.50
740,162.50
98.31 5.74%
737,348.25
7,447.92
0.33%
(
2,814.25
)
A
1 / A
AA-
0.70 0.67
20030NCR0
Comcast Corp Callable Note Cont
3/15/2024
3.7%
Due
4/15/2024
250,000.00
09/26/2022
4.65%
246,497.50
246,497.50
98.64 5.48%
246,590.50
1,952.78
0.11%
93.00 A
3 / A-
A-
0.79 0.76
89236TDW2
Toyota Motor Credit Corp Note
2.9%
Due
4/17/2024
250,000.00
08/19/2022
3.41%
247,965.00
247,965.00
97.89 5.63%
244,730.75
1,490.28
0.11%
(
3,234.25
)
A
1 / A+
A+
0.80 0.77
91324PEB4
United Health Group Inc Callable Note
Cont
5/15/2022
0.55%
Due
5/15/2024
250,000.00
08/03/2022
3.15%
238,842.50
238,842.50
95.83 5.49%
239,578.75
175.69
0.11%
736.25
A
3 / A+
A
0.88 0.85
00440EAR8
Chubb INA Holdings Inc Note
3.35%
Due
5/15/2024
750,000.00
Various
4.72%
740,990.00
740,990.00
98.01 5.70%
735,100.50
3,210.42
0.33%
(
5,889.50
)
A
3 / A
A
0.88 0.84
747525AT0
Qualcomm Inc Callable Note Cont
3/20/2024
2.9%
Due
5/20/2024
1,150,000.00
12/05/2019
2.16%
1,184,626.50
1,155,826.47
97.82 5.44%
1,124,909.30
3,798.19
0.50%
(
30,917.17
)
A
2 / A
NR
0.89 0.86
747525AT0
Qualcomm Inc Callable Note Cont
3/20/2024
2.9%
Due
5/20/2024
250,000.00
09/26/2022
4.54%
243,577.50
243,577.50
97.82 5.44%
244,545.50
825.69
0.11%
968.00
A
2 / A
NR
0.89 0.86
02665WCZ2
American Honda Finance Note
2.4%
Due
6/27/2024
1,150,000.00
Various
2.31%
1,154,431.00
1,151,006.50
96.93 5.62%
1,114,742.15
306.67
0.50%
(
36,264.35
)
A
3 / A-
A
0.99 0.96
79466LAG9
Salesforce.com Inc Callable Note Cont
7/15/2022
0.625%
Due
7/15/2024
190,000.00
06/29/2021
0.64%
189,903.10
189,966.49
95.19 5.44%
180,860.62
547.57
0.08%
(
9,105.87
)
A
2 / A+
NR
1.04 1.01
78013XZU5
Royal Bank of Canada Note
2.55%
Due
7/16/2024
1,150,000.00
Various
2.26%
1,164,978.75
1,153,313.71
96.92 5.62%
1,114,609.90
13,440.62
0.50%
(
38,703.81
)
A
1 / A
AA-
1.05 1.00
46647PBS4
JP Morgan Chase & Co Callable Note
Cont
9/16/2023
0.653%
Due
9/16/2024
250,000.00
08/19/2022
4.93%
241,080.00
241,080.00
98.83 5.88%
247,082.00
476.15
0.11%
6,002.00
A
1 / A-
AA-
1.22 1.15
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Holdings Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
CUSIP
Security Description
Par Value/Units
Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
CORPORATE
06051GJH3
Bank of America Corp Callable Note
Cont
10/24/2023
0.81%
Due
10/24/2024
250,000.00
08/19/2022
4.99%
240,467.50
240,467.50
98.34 6.00%
245,842.25
376.88
0.11%
5,374.75
A
1 / A-
AA-
1.32 1.25
14913Q3B3
Caterpillar Finl Service Note
2.15%
Due
11/8/2024
650,000.00
02/19/2020
1.83%
659,256.00
652,666.07
95.82 5.38%
622,854.70
2,057.43
0.28%
(
29,811.37
)
A
2 / A
A+
1.36 1.30
90331HPL1
US Bank NA Callable Note Cont
12/21/2024
2.05%
Due
1/21/2025
1,150,000.00
01/16/2020
2.10%
1,147,550.50
1,149,235.79
94.32 5.92%
1,084,681.15
10,477.78
0.49%
(
64,554.64
)
A
2 / A+
A+
1.56 1.48
00440EAS6
Chubb INA Holdings Inc Note
3.15%
Due
3/15/2025
1,150,000.00
02/24/2021
0.83%
1,255,961.00
1,194,664.21
96.53 5.30%
1,110,045.55
10,666.25
0.50%
(
84,618.66
)
A
3 / A
A
1.71 1.62
06367WB85
Bank of Montreal Note
1.85%
Due
5/1/2025
1,150,000.00
03/24/2021
1.15%
1,182,257.50
1,164,437.22
93.42 5.67%
1,074,282.85
3,545.83
0.48%
(
90,154.37
)
A
2 / A-
AA-
1.84 1.76
14913R2V8
Caterpillar Financial Service Note
3.4%
Due
5/13/2025
445,000.00
05/10/2022
3.44%
444,434.85
444,648.33
96.82 5.21%
430,832.98
2,017.33
0.19%
(
13,815.35
)
A
2 / A
A+
1.87 1.77
61747YEA9
Morgan Stanley Callable Note Cont
5/30/2024
0.79%
Due
5/30/2025
1,240,000.00
05/26/2021
0.77%
1,240,658.30
1,240,200.98
94.99 6.09%
1,177,919.40
843.54
0.53%
(
62,281.58
)
A
1 / A-
A+
1.92 1.83
78015K7H1
Royal Bank of Canada Note
1.15%
Due
6/10/2025
400,000.00
12/22/2021
1.43%
396,240.00
397,882.95
92.31 5.37%
369,241.20
268.33
0.17%
(
28,641.75
)
A
1 / A
AA-
1.95 1.88
63743HFE7
National Rural Utilities Note
3.45%
Due
6/15/2025
685,000.00
Various
3.55%
683,003.05
683,744.26
96.20 5.52%
658,956.30
1,050.33
0.30%
(
24,787.96
)
A
2 / A-
A
1.96 1.86
46647PBF2
JP Morgan Chase & Co Callable Note
1 X
10/15/2024
2.301%
Due
10/15/2025
1,150,000.00
11/13/2020
0.93%
1,210,363.50
1,169,952.08
95.29 6.15%
1,095,847.65
5,586.32
0.49%
(
74,104.43
)
A
1 / A-
AA-
2.30 1.24
46647PBK1
JP Morgan Chase & Co Callable Note
Cont
4/22/2025
2.083%
Due
4/22/2026
500,000.00
09/16/2021
1.17%
515,945.00
508,045.53
93.65 5.83%
468,251.00
1,996.21
0.21%
(
39,794.53
)
A
1 / A-
AA-
2.81 1.73
91324PEC2
United Health Group Inc Callable Note
Cont
4/15/2026
1.15%
Due
5/15/2026
1,245,000.00
Various
1.41%
1,231,472.05
1,236,144.74
90.43 4.75%
1,125,859.73
1,829.45
0.50%
(
110,285.01
)
A
3 / A+
A
2.88 2.76
89236TJK2
Toyota Motor Credit Corp Note
1.125%
Due
6/18/2026
810,000.00
06/15/2021
1.13%
809,643.60
809,788.62
89.41 5.01%
724,238.01
329.06
0.32%
(
85,550.61
)
A
1 / A+
A+
2.97 2.85
06051GJD2
Bank of America Corp Callable Note
Cont
6/19/2025
1.319%
Due
6/19/2026
500,000.00
09/16/2021
1.23%
501,675.00
500,880.35
91.60 5.90%
458,009.50
219.83
0.20%
(
42,870.85
)
A
1 / A-
AA-
2.97 1.89
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Holdings Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
CUSIP
Security Description
Par Value/Units
Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
CORPORATE
931142ER0
Wal-Mart Stores Callable Note Cont
08/17/2026
1.05%
Due
9/17/2026
240,000.00
09/08/2021
1.09%
239,546.40
239,708.36
89.28 4.68%
214,278.72
728.00
0.10%
(
25,429.64
)
Aa
2 / AA
AA
3.22 3.08
87612EBM7
Target Corp Callable Note Cont
12/15/2026
1.95%
Due
1/15/2027
545,000.00
01/19/2022
1.99%
544,073.50
544,340.18
91.54 4.56%
498,906.08
4,900.46
0.23%
(
45,434.10
)
A
2 / A
A
3.55 3.32
808513BY0
Charles Schwab Corp Callable Note
Cont
2/3/2027
2.45%
Due
3/3/2027
1,000,000.00
Various
2.77%
985,444.30
989,230.09
89.58 5.63%
895,771.00
8,030.56
0.40%
(
93,459.09
)
A
2 / A-
A
3.68 3.40
084664CZ2
Berkshire Hathaway Callable Note Cont
2/15/2027
2.3%
Due
3/15/2027
1,095,000.00
03/07/2022
2.30%
1,094,791.95
1,094,845.84
93.51 4.21%
1,023,934.50
7,415.58
0.46%
(
70,911.34
)
Aa
2 / AA
A+
3.71 3.47
023135CF1
Amazon.com Inc Callable Note Cont
3/13/2027
3.3%
Due
4/13/2027
750,000.00
04/25/2022
3.34%
748,702.50
749,010.41
95.23 4.69%
714,249.00
5,362.50
0.32%
(
34,761.41
)
A
1 / AA
AA-
3.79 3.48
74340XBN0
Prologis LP Callable Note Cont
2/15/2027
2.125%
Due
4/15/2027
1,000,000.00
11/09/2022
5.16%
881,290.00
898,143.43
90.10 5.02%
901,021.00
4,486.11
0.40%
2,877.57
A
3 / A
NR
3.79 3.55
927804GH1
Virginia Electric Power Corp Callable
Note Cont.
4/15/2027
3.75%
Due
5/15/2027
250,000.00
05/16/2022
3.82%
249,220.00
249,390.65
95.75 4.97%
239,382.00
1,197.92
0.11%
(
10,008.65
)
A
2 / BBB+
A
3.88 3.53
14913R3A3
Caterpillar Financial Service Note
3.6%
Due
8/12/2027
700,000.00
08/22/2022
3.81%
693,301.00
694,449.51
96.26 4.61%
673,832.60
9,730.00
0.31%
(
20,616.91
)
A
2 / A
A+
4.12 3.72
931142EX7
Wal-Mart Stores Callable Note Cont
09/09/2027
3.95%
Due
9/9/2027
500,000.00
Various
3.98%
499,366.20
499,468.59
98.09 4.45%
490,441.00
6,144.44
0.22%
(
9,027.59
)
Aa
2 / AA
AA
4.20 3.77
89115A2M3
Toronto-Dominion Bank Note
5.156%
Due
1/10/2028
1,100,000.00
06/28/2023
5.27%
1,094,940.00
1,094,943.06
99.34 5.32%
1,092,686.10
26,940.10
0.50%
(
2,256.96
)
A
1 / A
AA-
4.53 3.89
756109AU8
Realty Income Corp Callable Note Cont
10/15/2027
3.65%
Due
1/15/2028
1,000,000.00
04/24/2023
4.71%
955,470.00
957,173.76
93.26 5.34%
932,646.00
16,830.56
0.42%
(
24,527.76
)
A
3 / A-
NR
4.55 4.03
06051GGF0
Bank of America Corp Callable Note
1/20/2027
3.824%
Due
1/20/2028
1,000,000.00
04/10/2023
5.52%
956,490.00
958,485.87
94.55 5.53%
945,547.00
17,101.78
0.43%
(
12,938.87
)
A
1 / A-
AA-
4.56 3.20
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Holdings Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
CUSIP
Security Description
Par Value/Units
Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
CORPORATE
06406RAB3
Bank of NY Mellon Corp Callable Note
1 X
2/7/2027
3.442%
Due
2/7/2028
1,000,000.00
04/26/2023
4.98%
961,850.00
963,248.40
94.13 5.25%
941,252.00
13,768.00
0.43%
(
21,996.40
)
A
1 / A
AA-
4.61 3.28
037833ET3
Apple Inc Callable Note Cont
4/10/2028
4%
Due
5/10/2028
205,000.00
05/08/2023
4.04%
204,604.35
204,615.61
98.38 4.37%
201,669.57
1,161.67
0.09%
(
2,946.04
)
Aaa / AA+
NR
4.87 4.34
Total Corporate
30,350,000.00
2.93%
30,253,474.90
30,111,443.06
5.40%
28,867,936.81
231,645.86
13.01%
(
1,243,506.25
)
A
2 / A
A+
2.42 2.11
LAIF
90LAIF$00
Local Agency Investment Fund State
Pool
56,137,293.29
Various
3.26%
56,137,293.29
56,137,293.29
1.00 3.26%
56,137,293.29
420,679.05
25.29%
0.00 NR / NR
NR
0.00 0.00
Total LAIF
56,137,293.29
3.26%
56,137,293.29
56,137,293.29
3.26%
56,137,293.29
420,679.05
25.29%
0.00 NR / NR
NR
0.00 0.00
MONEY MARKET FUND
94975H312
Wells Fargo Advantage Treasury Plus
MMF
32,195,279.72
Various
4.72%
32,195,279.72
32,195,279.72
1.00 4.72%
32,195,279.72
0.00 14.40%
0.00 Aaa / AAA
NR
0.00 0.00
94975H312
Wells Fargo Advantage Treasury Plus
MMF
460,510.07
Various
4.72%
460,510.07
460,510.07
1.00 4.72%
460,510.07
0.00 0.21%
0.00 Aaa / AAA
NR
0.00 0.00
Total Money Market Fund
32,655,789.79
4.72%
32,655,789.79
32,655,789.79
4.72%
32,655,789.79
0.00 14.60%
0.00 Aaa / AAA
NR
0.00 0.00
US TREASURY
912828S92
US Treasury Note
1.25%
Due
7/31/2023
1,000,000.00
Various
3.67%
982,666.01
982,666.01
99.69 4.82%
996,933.00
5,214.09
0.45%
14,266.99
Aaa / AA+
AAA
0.08 0.09
9128284X5
US Treasury Note
2.75%
Due
8/31/2023
1,000,000.00
Various
4.40%
987,685.55
987,685.55
99.59 5.16%
995,902.00
9,191.57
0.45%
8,216.45
Aaa / AA+
AAA
0.17 0.17
912796CS6
US Treasury Bill
4.685%
Due
9/28/2023
20,000,000.00
03/30/2023
4.86%
19,528,897.22
19,528,897.22
97.64 4.86%
19,528,897.22
239,455.56
8.84%
0.00 P-
1 / A-
1 +
F-
1 +
0.25 0.24
912828T91
US Treasury Note
1.625%
Due
10/31/2023
1,000,000.00
Various
3.76%
979,921.88
979,921.88
98.82 5.20%
988,203.00
2,737.77
0.44%
8,281.12
Aaa / AA+
AAA
0.34 0.33
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Holdings Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
CUSIP
Security Description
Par Value/Units
Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
US TREASURY
912797FK8
US Treasury Bill
5.185%
Due
11/16/2023
5,000,000.00
06/08/2023
5.38%
4,884,777.78
4,884,777.78
97.70 5.38%
4,884,777.78
15,843.06
2.19%
0.00 P-
1 / A-
1 +
F-
1 +
0.38 0.37
91282CDM0
US Treasury Note
0.5%
Due
11/30/2023
1,000,000.00
03/06/2023
5.16%
966,875.00
966,875.00
98.03 5.31%
980,313.00
423.50
0.44%
13,438.00
Aaa / AA+
AAA
0.42 0.41
912797FT9
US Treasury Bill
5.152%
Due
12/7/2023
5,000,000.00
06/08/2023
5.36%
4,870,471.88
4,870,471.88
97.41 5.36%
4,870,471.88
15,743.75
2.19%
0.00 P-
1 / A-
1 +
F-
1 +
0.44 0.43
9128285Z9
US Treasury Note
2.5%
Due
1/31/2024
1,000,000.00
Various
3.75%
986,054.69
986,054.69
98.34 5.41%
983,398.00
10,428.17
0.44%
(
2,656.69
)
Aaa / AA+
AAA
0.59 0.56
912828B66
US Treasury Note
2.75%
Due
2/15/2024
1,000,000.00
Various
4.55%
978,632.81
978,632.81
98.36 5.44%
983,594.00
10,331.49
0.44%
4,961.19
Aaa / AA+
AAA
0.63 0.60
91282CEG2
US Treasury Note
2.25%
Due
3/31/2024
750,000.00
08/19/2022
3.29%
737,871.09
737,871.09
97.66 5.47%
732,451.50
4,241.80
0.33%
(
5,419.59
)
Aaa / AA+
AAA
0.75 0.73
91282CBV2
US Treasury Note
0.375%
Due
4/15/2024
750,000.00
09/26/2022
4.35%
705,791.02
705,791.02
96.14 5.42%
721,025.25
591.70
0.32%
15,234.23
Aaa / AA+
AAA
0.79 0.77
91282CER8
US Treasury Note
2.5%
Due
5/31/2024
750,000.00
08/19/2022
3.29%
739,863.28
739,863.28
97.39 5.45%
730,458.75
1,588.11
0.33%
(
9,404.53
)
Aaa / AA+
AAA
0.92 0.89
912828YH7
US Treasury Note
1.5%
Due
9/30/2024
2,000,000.00
Various
1.38%
2,010,562.50
2,003,047.49
95.41 5.33%
1,908,282.00
7,540.99
0.86%
(
94,765.49
)
Aaa / AA+
AAA
1.25 1.21
9128283J7
US Treasury Note
2.125%
Due
11/30/2024
2,000,000.00
Various
1.50%
2,058,496.09
2,017,151.09
95.77 5.26%
1,915,312.00
3,599.73
0.86%
(
101,839.09
)
Aaa / AA+
AAA
1.42 1.37
912828J27
US Treasury Note
2%
Due
2/15/2025
1,850,000.00
02/27/2020
1.07%
1,932,888.67
1,877,187.85
95.19 5.12%
1,760,968.75
13,900.55
0.79%
(
116,219.10
)
Aaa / AA+
AAA
1.63 1.56
9128283Z1
US Treasury Note
2.75%
Due
2/28/2025
700,000.00
03/05/2020
0.69%
770,519.53
723,558.17
96.34 5.06%
674,378.60
6,434.10
0.30%
(
49,179.57
)
Aaa / AA+
AAA
1.67 1.59
912828ZC7
US Treasury Note
1.125%
Due
2/28/2025
1,500,000.00
Various
0.50%
1,541,923.83
1,515,402.88
93.73 5.09%
1,405,957.50
5,640.28
0.63%
(
109,445.38
)
Aaa / AA+
AAA
1.67 1.61
91282CAZ4
US Treasury Note
0.375%
Due
11/30/2025
2,000,000.00
12/28/2020
0.38%
1,999,453.13
1,999,731.28
90.27 4.68%
1,805,312.00
635.25
0.81%
(
194,419.28
)
Aaa / AA+
AAA
2.42 2.35
91282CBC4
US Treasury Note
0.375%
Due
12/31/2025
2,000,000.00
01/27/2021
0.39%
1,998,125.00
1,999,046.86
90.14 4.60%
1,802,734.00
20.38 0.81%
(
196,312.86
)
Aaa / AA+
AAA
2.51 2.43
91282CBT7
US Treasury Note
0.75%
Due
3/31/2026
1,500,000.00
03/30/2021
0.91%
1,487,988.28
1,493,395.53
90.38 4.51%
1,355,742.00
2,827.87
0.61%
(
137,653.53
)
Aaa / AA+
AAA
2.75 2.66
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Holdings Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
CUSIP
Security Description
Par Value/Units
Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
US TREASURY
91282CBW0
US Treasury Note
0.75%
Due
4/30/2026
1,000,000.00
04/29/2021
0.89%
993,398.44
996,261.77
90.05 4.53%
900,469.00
1,263.59
0.40%
(
95,792.77
)
Aaa / AA+
AAA
2.84 2.74
91282CCP4
US Treasury Note
0.625%
Due
7/31/2026
1,000,000.00
08/10/2021
0.82%
990,507.81
994,111.18
89.09 4.45%
890,898.00
2,607.04
0.40%
(
103,213.18
)
Aaa / AA+
AAA
3.09 2.98
91282CCW9
US Treasury Note
0.75%
Due
8/31/2026
2,250,000.00
Various
0.97%
2,226,699.22
2,234,767.12
89.19 4.45%
2,006,718.75
5,640.28
0.90%
(
228,048.37
)
Aaa / AA+
AAA
3.17 3.06
91282CDG3
US Treasury Note
1.125%
Due
10/31/2026
3,000,000.00
Various
1.27%
2,979,511.72
2,986,068.36
89.92 4.41%
2,697,657.00
5,686.15
1.21%
(
288,411.36
)
Aaa / AA+
AAA
3.34 3.20
912828Z78
US Treasury Note
1.5%
Due
1/31/2027
500,000.00
03/30/2022
2.46%
478,320.31
483,927.34
90.58 4.37%
452,910.00
3,128.45
0.20%
(
31,017.34
)
Aaa / AA+
AAA
3.59 3.40
912828V98
US Treasury Note
2.25%
Due
2/15/2027
1,250,000.00
02/06/2023
3.92%
1,173,095.70
1,180,634.31
92.99 4.36%
1,162,353.75
10,566.30
0.52%
(
18,280.56
)
Aaa / AA+
AAA
3.63 3.39
91282CEF4
US Treasury Note
2.5%
Due
3/31/2027
1,250,000.00
09/27/2022
4.26%
1,160,839.84
1,175,799.23
93.71 4.33%
1,171,435.00
7,855.19
0.53%
(
4,364.23
)
Aaa / AA+
AAA
3.75 3.50
91282CEN7
US Treasury Note
2.75%
Due
4/30/2027
2,500,000.00
Various
3.23%
2,445,792.97
2,457,463.75
94.46 4.33%
2,361,620.00
11,582.88
1.06%
(
95,843.75
)
Aaa / AA+
AAA
3.84 3.57
91282CEW7
US Treasury Note
3.25%
Due
6/30/2027
1,400,000.00
07/12/2022
3.00%
1,416,296.88
1,413,123.80
96.17 4.30%
1,346,406.60
123.64
0.60%
(
66,717.20
)
Aaa / AA+
AAA
4.00 3.70
91282CFH9
US Treasury Note
3.125%
Due
8/31/2027
1,000,000.00
09/08/2022
3.36%
989,101.56
990,870.98
95.64 4.28%
956,367.00
10,444.97
0.43%
(
34,503.98
)
Aaa / AA+
AAA
4.17 3.81
91282CFM8
US Treasury Note
4.125%
Due
9/30/2027
1,000,000.00
10/28/2022
4.20%
996,875.00
997,298.05
99.44 4.27%
994,414.00
10,368.85
0.45%
(
2,884.05
)
Aaa / AA+
AAA
4.25 3.82
91282CFU0
US Treasury Note
4.125%
Due
10/31/2027
1,100,000.00
12/20/2022
3.84%
1,113,750.00
1,112,262.68
99.48 4.26%
1,094,242.60
7,644.70
0.49%
(
18,020.08
)
Aaa / AA+
AAA
4.34 3.90
91282CGC9
US Treasury Note
3.875%
Due
12/31/2027
1,250,000.00
01/26/2023
3.62%
1,264,355.47
1,263,118.62
98.60 4.22%
1,232,471.25
131.62
0.55%
(
30,647.37
)
Aaa / AA+
AAA
4.51 4.08
9128283W8
US Treasury Note
2.75%
Due
2/15/2028
1,250,000.00
03/08/2023
4.37%
1,161,083.98
1,166,702.84
93.98 4.19%
1,174,756.25
12,914.36
0.53%
8,053.41
Aaa / AA+
AAA
4.63 4.23
91282CGT2
US Treasury Note
3.625%
Due
3/31/2028
1,750,000.00
06/29/2023
4.18%
1,708,437.50
1,708,461.44
97.67 4.17%
1,709,258.25
15,946.04
0.77%
796.81
Aaa / AA+
AAA
4.76 4.27
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Holdings Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
CUSIP
Security Description
Par Value/Units
Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
US TREASURY
91282CHA2
US Treasury Note
3.5%
Due
4/30/2028
2,180,000.00
Various
3.55%
2,175,314.06
2,175,411.82
97.17 4.15%
2,118,347.42
12,854.89
0.95%
(
57,064.40
)
Aaa / AA+
AAA
4.84 4.37
Total US Treasury
75,480,000.00
3.49%
74,422,845.70
74,314,312.65
4.83%
72,295,437.10
475,148.67
32.54%
(
2,018,875.55
)
Aaa / AAA
AAA
1.72 1.61
TOTAL PORTFOLIO
228,746,089.21
3.27%
227,852,316.13
227,407,168.73
4.55%
222,406,274.12
1,212,668.90
100.00%
(
5,000,894.61
)
Aa
1 / AA+
AAA
1.21 1.04
TOTAL MARKET VALUE PLUS ACCRUED
223,618,943.02
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Transaction Ledger
As of June 30, 2023
City of Vallejo Consolidated
Account #262
Transaction
Type
Settlement
Date
CUSIP
Quantity
Security Description
Price
Acq/Disp
Yield
Amount
Interest
Pur/Sold
Total Amount
Gain/Loss
ACQUISITIONS
Purchase
06/01/2023
94975H312
2,038.01
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
2,038.01
0.00 2,038.01
0.00 Purchase
06/01/2023
94975H312
11,234.95
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
11,234.95
0.00 11,234.95
0.00 Purchase
06/09/2023
912797FK8
5,000,000.00
US Treasury Bill
5.185%
Due
11/16/2023
97.696
5.38%
4,884,777.78
0.00 4,884,777.78
0.00 Purchase
06/09/2023
912797FT9
5,000,000.00
US Treasury Bill
5.152%
Due
12/7/2023
97.409
5.36%
4,870,471.88
0.00 4,870,471.88
0.00 Purchase
06/10/2023
94975H312
2,300.00
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
2,300.00
0.00 2,300.00
0.00 Purchase
06/12/2023
94975H312
1,089,456.81
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
1,089,456.81
0.00 1,089,456.81
0.00 Purchase
06/12/2023
94975H312
49,275.00
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
49,275.00
0.00 49,275.00
0.00 Purchase
06/13/2023
94975H312
25,437.50
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
25,437.50
0.00 25,437.50
0.00 Purchase
06/14/2023
02582JJZ4
375,000.00
American Express Credit Trust
2023-1
A
4.87%
Due
5/15/2028
99.991
4.92%
374,966.74
0.00 374,966.74
0.00 Purchase
06/15/2023
94975H312
11,816.25
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
11,816.25
0.00 11,816.25
0.00 Purchase
06/15/2023
94975H312
817.96
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
817.96
0.00 817.96
0.00 Purchase
06/15/2023
94975H312
135.67
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
135.67
0.00 135.67
0.00 Purchase
06/15/2023
94975H312
589.67
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
589.67
0.00 589.67
0.00 Purchase
06/15/2023
94975H312
1,246.67
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
1,246.67
0.00 1,246.67
0.00 Purchase
06/15/2023
94975H312
3,972.63
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
3,972.63
0.00 3,972.63
0.00 Purchase
06/15/2023
94975H312
2,373.00
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
2,373.00
0.00 2,373.00
0.00 Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Transaction Ledger
As of June 30, 2023
City of Vallejo Consolidated
Account #262
Transaction
Type
Settlement
Date
CUSIP
Quantity
Security Description
Price
Acq/Disp
Yield
Amount
Interest
Pur/Sold
Total Amount
Gain/Loss
ACQUISITIONS
Purchase
06/15/2023
94975H312
783.33
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
783.33
0.00 783.33
0.00 Purchase
06/15/2023
94975H312
22,946.36
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
22,946.36
0.00 22,946.36
0.00 Purchase
06/15/2023
94975H312
22,515.33
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
22,515.33
0.00 22,515.33
0.00 Purchase
06/15/2023
94975H312
48,766.49
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
48,766.49
0.00 48,766.49
0.00 Purchase
06/15/2023
94975H312
6,490.93
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
6,490.93
0.00 6,490.93
0.00 Purchase
06/15/2023
94975H312
10,039.29
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
10,039.29
0.00 10,039.29
0.00 Purchase
06/15/2023
94975H312
12,997.97
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
12,997.97
0.00 12,997.97
0.00 Purchase
06/15/2023
94975H312
20,454.03
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
20,454.03
0.00 20,454.03
0.00 Purchase
06/15/2023
94975H312
42,115.57
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
42,115.57
0.00 42,115.57
0.00 Purchase
06/15/2023
94975H312
3,029.70
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
3,029.70
0.00 3,029.70
0.00 Purchase
06/15/2023
94975H312
5,296.08
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
5,296.08
0.00 5,296.08
0.00 Purchase
06/15/2023
94975H312
9,871.14
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
9,871.14
0.00 9,871.14
0.00 Purchase
06/16/2023
00440EAR8
500,000.00
Chubb INA Holdings Inc Note
3.35%
Due
5/15/2024
98.156
5.44%
490,780.00
1,442.36
492,222.36
0.00 Purchase
06/16/2023
756109BD5
750,000.00
Realty Income Corp Callable Note Cont
11/6/2023
4.6%
Due
2/6/2024
99.359
5.63%
745,192.50
12,458.33
757,650.83
0.00 Purchase
06/16/2023
89114QCB2
500,000.00
Toronto Dominion Bank Note
3.25%
Due
3/11/2024
98.245
5.71%
491,225.00
4,288.19
495,513.19
0.00 Purchase
06/16/2023
94975H312
210.00
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
210.00
0.00 210.00
0.00 Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Transaction Ledger
As of June 30, 2023
City of Vallejo Consolidated
Account #262
Transaction
Type
Settlement
Date
CUSIP
Quantity
Security Description
Price
Acq/Disp
Yield
Amount
Interest
Pur/Sold
Total Amount
Gain/Loss
ACQUISITIONS
Purchase
06/16/2023
94975H312
133.17
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
133.17
0.00 133.17
0.00 Purchase
06/16/2023
94975H312
775.00
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
775.00
0.00 775.00
0.00 Purchase
06/17/2023
94975H312
5,050.00
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
5,050.00
0.00 5,050.00
0.00 Purchase
06/18/2023
94975H312
4,556.25
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
4,556.25
0.00 4,556.25
0.00 Purchase
06/19/2023
94975H312
3,297.50
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
3,297.50
0.00 3,297.50
0.00 Purchase
06/20/2023
94975H312
1,085.00
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
1,085.00
0.00 1,085.00
0.00 Purchase
06/20/2023
94975H312
1,013.33
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
1,013.33
0.00 1,013.33
0.00 Purchase
06/20/2023
94975H312
1,111.50
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
1,111.50
0.00 1,111.50
0.00 Purchase
06/20/2023
94975H312
19,991.62
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
19,991.62
0.00 19,991.62
0.00 Purchase
06/20/2023
94975H312
40,365.93
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
40,365.93
0.00 40,365.93
0.00 Purchase
06/21/2023
94975H312
227.33
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
227.33
0.00 227.33
0.00 Purchase
06/21/2023
94975H312
13,899.29
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
13,899.29
0.00 13,899.29
0.00 Purchase
06/26/2023
94975H312
869.38
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
869.38
0.00 869.38
0.00 Purchase
06/26/2023
94975H312
2,114.00
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
2,114.00
0.00 2,114.00
0.00 Purchase
06/26/2023
94975H312
5,887.29
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
5,887.29
0.00 5,887.29
0.00 Purchase
06/26/2023
94975H312
30,590.31
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
30,590.31
0.00 30,590.31
0.00 Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Transaction Ledger
As of June 30, 2023
City of Vallejo Consolidated
Account #262
Transaction
Type
Settlement
Date
CUSIP
Quantity
Security Description
Price
Acq/Disp
Yield
Amount
Interest
Pur/Sold
Total Amount
Gain/Loss
ACQUISITIONS
Purchase
06/26/2023
94975H312
26,444.95
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
26,444.95
0.00 26,444.95
0.00 Purchase
06/27/2023
94975H312
13,800.00
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
13,800.00
0.00 13,800.00
0.00 Purchase
06/29/2023
94975H312
20,000,000.00
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
20,000,000.00
0.00 20,000,000.00
0.00 Purchase
06/30/2023
89115A2M3
1,100,000.00
Toronto-Dominion Bank Note
5.156%
Due
1/10/2028
99.540
5.27%
1,094,940.00
26,782.56
1,121,722.56
0.00 Purchase
06/30/2023
91282CGT2
1,750,000.00
US Treasury Note
3.625%
Due
3/31/2028
97.625
4.18%
1,708,437.50
15,772.71
1,724,210.21
0.00 Purchase
06/30/2023
94975H312
231,727.29
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
231,727.29
0.00 231,727.29
0.00 Purchase
06/30/2023
94975H312
50,718.75
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
50,718.75
0.00 50,718.75
0.00 Subtotal
36,834,868.23
36,520,659.63
60,744.15
36,581,403.78
0.00 Security
Contribution
06/06/2023
94975H312
9,000,000.00
Wells Fargo Advantage Treasury Plus
MMF
1.000
9,000,000.00
0.00 9,000,000.00
0.00 Security
Contribution
06/06/2023
94975H312
9,000,000.00
Wells Fargo Advantage Treasury Plus
MMF
1.000
9,000,000.00
0.00 9,000,000.00
0.00 Security
Contribution
06/07/2023
94975H312
2,000,000.00
Wells Fargo Advantage Treasury Plus
MMF
1.000
2,000,000.00
0.00 2,000,000.00
0.00 Subtotal
20,000,000.00
20,000,000.00
0.00 20,000,000.00
0.00 Short Sale
06/14/2023
94975H312
-374,966.74
Wells Fargo Advantage Treasury Plus
MMF
1.000
-374,966.74
0.00 -374,966.74
0.00 Subtotal
-374,966.74
-374,966.74
0.00 -374,966.74
0.00 TOTAL ACQUISITIONS
56,459,901.49
56,145,692.89
60,744.15
56,206,437.04
0.00 Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Transaction Ledger
As of June 30, 2023
City of Vallejo Consolidated
Account #262
Transaction
Type
Settlement
Date
CUSIP
Quantity
Security Description
Price
Acq/Disp
Yield
Amount
Interest
Pur/Sold
Total Amount
Gain/Loss
DISPOSITIONS
Closing
Purchase
06/14/2023
94975H312
-374,966.74
Wells Fargo Advantage Treasury Plus
MMF
1.000
-374,966.74
0.00 -374,966.74
0.00 Subtotal
-374,966.74
-374,966.74
0.00 -374,966.74
0.00 Sale
06/09/2023
94975H312
9,755,249.66
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
9,755,249.66
0.00 9,755,249.66
0.00 Sale
06/12/2023
89114QCB2
1,100,000.00
Toronto Dominion Bank Note
3.25%
Due
3/11/2024
98.220
0.99%
1,080,420.00
9,036.81
1,089,456.81
-37,817.04
Sale
06/14/2023
94975H312
374,966.74
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
374,966.74
0.00 374,966.74
0.00 Sale
06/16/2023
94975H312
1,745,386.38
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
1,745,386.38
0.00 1,745,386.38
0.00 Sale
06/30/2023
912828WJ5
2,000,000.00
US Treasury Note
2.5%
Due
5/15/2024
97.484
1.31%
1,949,687.50
6,250.00
1,955,937.50
-76,042.28
Sale
06/30/2023
94975H312
1,121,722.56
Wells Fargo Advantage Treasury Plus
MMF
1.000
4.72%
1,121,722.56
0.00 1,121,722.56
0.00 Subtotal
16,097,325.34
16,027,432.84
15,286.81
16,042,719.65
-113,859.32
Paydown
06/15/2023
02582JJT8
0.00 American Express Credit Trust
2022-2
A
3.39%
Due
5/17/2027
100.000
0.00 2,373.00
2,373.00
0.00 Paydown
06/15/2023
43815BAC4
0.00 Honda Auto Receivables Trust
2022-1
A
3 1.88%
Due
5/15/2026
100.000
0.00 783.33
783.33
0.00 Paydown
06/15/2023
44891RAC4
22,883.59
Hyundai Auto Receivables Trust
2020
-C
A
3 0.38%
Due
5/15/2025
100.000
22,883.59
62.77 22,946.36
0.00 Paydown
06/15/2023
44933LAC7
22,432.32
Hyundai Auto Receivables Trust
2021
-A
A
3 0.38%
Due
9/15/2025
100.000
22,432.32
83.01 22,515.33
0.00 Paydown
06/15/2023
44934KAC8
48,542.18
Hyundai Auto Receivables Trust
2021
-B
A
3 0.38%
Due
1/15/2026
100.000
48,542.18
224.31
48,766.49
0.00 Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Transaction Ledger
As of June 30, 2023
City of Vallejo Consolidated
Account #262
Transaction
Type
Settlement
Date
CUSIP
Quantity
Security Description
Price
Acq/Disp
Yield
Amount
Interest
Pur/Sold
Total Amount
Gain/Loss
DISPOSITIONS
Paydown
06/15/2023
44935FAD6
0.00 Hyundai Auto Receivables Trust
2021
-C
A
3 0.74%
Due
5/15/2026
100.000
0.00 135.67
135.67
0.00 Paydown
06/15/2023
47787JAC2
0.00 John Deere Owner Trust
2022
-A A
3 2.32%
Due
9/16/2026
100.000
0.00 589.67
589.67
0.00 Paydown
06/15/2023
47787NAC3
6,479.34
John Deere Owner Trust
2020
-B A
3 0.51%
Due
11/15/2024
100.000
6,479.34
11.59 6,490.93
0.00 Paydown
06/15/2023
47788UAC6
9,993.91
John Deere Owner Trust
2021
-A A
3 0.36%
Due
9/15/2025
100.000
9,993.91
45.38 10,039.29
0.00 Paydown
06/15/2023
47789KAC7
12,982.92
John Deere Owner Trust
2020
-A A
3 1.1%
Due
8/15/2024
100.000
12,982.92
15.05 12,997.97
0.00 Paydown
06/15/2023
47789QAC4
20,298.99
John Deere Owner Trust
2021
-B A
3 0.52%
Due
3/16/2026
100.000
20,298.99
155.04
20,454.03
0.00 Paydown
06/15/2023
47800AAC4
0.00 John Deere Owner Trust
2022
-B A
3 3.74%
Due
2/16/2027
100.000
0.00 1,246.67
1,246.67
0.00 Paydown
06/15/2023
58768PAC8
0.00 Mercedes-Benz Auto Receivables
2022-
1 A
3 5.21%
Due
8/16/2027
100.000
0.00 3,972.63
3,972.63
0.00 Paydown
06/15/2023
58769KAD6
41,998.52
Mercedes-Benz Auto Lease Trust
2021
-
B A
3 0.4%
Due
11/15/2024
100.000
41,998.52
117.05
42,115.57
0.00 Paydown
06/15/2023
89232HAC9
3,025.51
Toyota Auto Receivable Own
2020
-A A
3 1.66%
Due
5/15/2024
100.000
3,025.51
4.19 3,029.70
0.00 Paydown
06/15/2023
89237VAB5
5,288.17
Toyota Auto Receivables Trust
2020
-C
A
3 0.44%
Due
10/15/2024
100.000
5,288.17
7.91 5,296.08
0.00 Paydown
06/15/2023
89238FAD5
0.00 Toyota Auto Receivables OT
2022
-B A
3 2.93%
Due
9/15/2026
100.000
0.00 817.96
817.96
0.00 Paydown
06/15/2023
89240BAC2
9,850.21
Toyota Auto Receivables Owners
2021
-
A A
3 0.26%
Due
5/15/2025
100.000
9,850.21
20.93 9,871.14
0.00 Paydown
06/16/2023
362554AC1
0.00 GM Financial Securitized Term
2021-4
A
3 0.68%
Due
9/16/2026
100.000
0.00 133.17
133.17
0.00 Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Transaction Ledger
As of June 30, 2023
City of Vallejo Consolidated
Account #262
Transaction
Type
Settlement
Date
CUSIP
Quantity
Security Description
Price
Acq/Disp
Yield
Amount
Interest
Pur/Sold
Total Amount
Gain/Loss
DISPOSITIONS
Paydown
06/16/2023
362585AC5
0.00 GM Financial Securitized ART
2022-2
A
3 3.1%
Due
2/16/2027
100.000
0.00 775.00
775.00
0.00 Paydown
06/16/2023
380146AC4
0.00 GM Financial Auto Receivables
2022-1
A
3 1.26%
Due
11/16/2026
100.000
0.00 210.00
210.00
0.00 Paydown
06/20/2023
36265MAC9
0.00 GM Financial Auto Lease Trust
2022-1
A
3 1.9%
Due
3/20/2025
100.000
0.00 1,013.33
1,013.33
0.00 Paydown
06/20/2023
36266FAC3
0.00 GM Financial Auto Lease Trust
2022-2
A
3 3.42%
Due
6/20/2025
100.000
0.00 1,111.50
1,111.50
0.00 Paydown
06/20/2023
43813KAC6
19,950.19
Honda Auto Receivables Trust
2020-3
A
3 0.37%
Due
10/18/2024
100.000
19,950.19
41.43 19,991.62
0.00 Paydown
06/20/2023
92290BAA9
40,312.81
Verizon Owner Trust
2020
-B A
0.47%
Due
2/20/2025
100.000
40,312.81
53.12 40,365.93
0.00 Paydown
06/20/2023
92348KAV5
0.00 Verizon Master Trust
2022-5
A
1 A
3.72%
Due
7/20/2027
100.000
0.00 1,085.00
1,085.00
0.00 Paydown
06/21/2023
43813RAC1
13,875.16
Honda Auto Receivables
2020-1
A
3 1.61%
Due
4/22/2024
100.000
13,875.16
24.13 13,899.29
0.00 Paydown
06/21/2023
43815GAC3
0.00 Honda Auto Receivables Trust
2021-4
A
3 0.88%
Due
1/21/2026
100.000
0.00 227.33
227.33
0.00 Paydown
06/26/2023
05601XAC3
30,334.06
BMW Vehicle Lease Trust
2022-1
A
3 1.1%
Due
3/25/2025
100.000
30,334.06
256.25
30,590.31
0.00 Paydown
06/26/2023
05602RAD3
0.00 BMW Vehicle Owner Trust
2022
-A A
3 3.21%
Due
8/25/2026
100.000
0.00 869.38
869.38
0.00 Paydown
06/26/2023
09690AAC7
26,401.89
BMW Vehicle Lease Trust
2021-2
A
3 0.33%
Due
12/26/2024
100.000
26,401.89
43.06 26,444.95
0.00 Paydown
06/26/2023
3137BFE98
0.00 FHLMC K
041
A
2 3.171%
Due
10/25/2024
100.000
0.00 2,114.00
2,114.00
0.00 Paydown
06/26/2023
3137FG6X8
0.00 FHLMC K
077
A
2 3.85%
Due
5/25/2028
100.000
0.00 5,887.29
5,887.29
0.00 Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Transaction Ledger
As of June 30, 2023
City of Vallejo Consolidated
Account #262
Transaction
Type
Settlement
Date
CUSIP
Quantity
Security Description
Price
Acq/Disp
Yield
Amount
Interest
Pur/Sold
Total Amount
Gain/Loss
DISPOSITIONS
Subtotal
334,649.77
334,649.77
24,510.15
359,159.92
0.00 Maturity
06/29/2023
912796ZR3
20,000,000.00
US Treasury Bill
4.667%
Due
6/29/2023
100.000
19,766,650.00
233,350.00
20,000,000.00
0.00 Subtotal
20,000,000.00
19,766,650.00
233,350.00
20,000,000.00
0.00 Security
Withdrawal
06/06/2023
94975H312
1,422.88
Wells Fargo Advantage Treasury Plus
MMF
1.000
1,422.88
0.00 1,422.88
0.00 Security
Withdrawal
06/06/2023
94975H312
7,843.92
Wells Fargo Advantage Treasury Plus
MMF
1.000
7,843.92
0.00 7,843.92
0.00 Subtotal
9,266.80
9,266.80
0.00 9,266.80
0.00 TOTAL DISPOSITIONS
36,066,275.17
35,763,032.67
273,146.96
36,036,179.63
-113,859.32
OTHER TRANSACTIONS
Interest
06/10/2023
78015K7H1
400,000.00
Royal Bank of Canada Note
1.15%
Due
6/10/2025
0.000
2,300.00
0.00 2,300.00
0.00 Interest
06/12/2023
3130ATUC9
1,800,000.00
FHLB Note
4.5%
Due
12/12/2025
0.000
49,275.00
0.00 49,275.00
0.00 Interest
06/13/2023
3130A3GE8
1,850,000.00
FHLB Note
2.75%
Due
12/13/2024
0.000
25,437.50
0.00 25,437.50
0.00 Interest
06/15/2023
63743HFE7
685,000.00
National Rural Utilities Note
3.45%
Due
6/15/2025
0.000
11,816.25
0.00 11,816.25
0.00 Interest
06/17/2023
3135G04Z3
2,020,000.00
FNMA Note
0.5%
Due
6/17/2025
0.000
5,050.00
0.00 5,050.00
0.00 Interest
06/18/2023
89236TJK2
810,000.00
Toyota Motor Credit Corp Note
1.125%
Due
6/18/2026
0.000
4,556.25
0.00 4,556.25
0.00 Interest
06/19/2023
06051GJD2
500,000.00
Bank of America Corp Callable Note
Cont
6/19/2025
1.319%
Due
6/19/2026
0.000
3,297.50
0.00 3,297.50
0.00 Interest
06/27/2023
02665WCZ2
1,150,000.00
American Honda Finance Note
2.4%
Due
6/27/2024
0.000
13,800.00
0.00 13,800.00
0.00 Interest
06/30/2023
91282CBC4
2,000,000.00
US Treasury Note
0.375%
Due
12/31/2025
0.000
3,750.00
0.00 3,750.00
0.00 Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Transaction Ledger
As of June 30, 2023
City of Vallejo Consolidated
Account #262
Transaction
Type
Settlement
Date
CUSIP
Quantity
Security Description
Price
Acq/Disp
Yield
Amount
Interest
Pur/Sold
Total Amount
Gain/Loss
OTHER TRANSACTIONS
Interest
06/30/2023
91282CEW7
1,400,000.00
US Treasury Note
3.25%
Due
6/30/2027
0.000
22,750.00
0.00 22,750.00
0.00 Interest
06/30/2023
91282CGC9
1,250,000.00
US Treasury Note
3.875%
Due
12/31/2027
0.000
24,218.75
0.00 24,218.75
0.00 Subtotal
13,865,000.00
166,251.25
0.00 166,251.25
0.00 Dividend
06/01/2023
94975H312
58,234,573.85
Wells Fargo Advantage Treasury Plus
MMF
0.000
11,234.95
0.00 11,234.95
0.00 Dividend
06/01/2023
94975H312
10,563,673.72
Wells Fargo Advantage Treasury Plus
MMF
0.000
2,038.01
0.00 2,038.01
0.00 Subtotal
68,798,247.57
13,272.96
0.00 13,272.96
0.00 TOTAL OTHER TRANSACTIONS
82,663,247.57
179,524.21
0.00 179,524.21
0.00 Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Income Earned
As of June 30, 2023
City of Vallejo Consolidated
Account #262
CUSIP
Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
FIXED INCOME
00440EAR8
Chubb INA Holdings Inc
Note
3.35%
Due
05/15/2024
Various
Various
750,000.00
250,210.00
490,780.00
0.00 740,990.00
372.22
(
1,442.36
)
3,210.42
1,395.84
0.00 0.00
0.00 1,395.84
1,395.84
00440EAS6
Chubb INA Holdings Inc
Note
3.15%
Due
03/15/2025
02/24/2021
02/26/2021
1,150,000.00
1,196,814.97
0.00 0.00
1,194,664.21
7,647.50
0.00 10,666.25
3,018.75
0.00 2,150.76
(
2,150.76
)
867.99
867.99
023135CF1
Amazon.com Inc
Callable Note Cont
3/13/2027
3.3%
Due
04/13/2027
04/25/2022
04/27/2022
750,000.00
748,988.92
0.00 0.00
749,010.41
3,300.00
0.00 5,362.50
2,062.50
21.49 0.00
21.49 2,083.99
2,083.99
02582JJT8
American Express Credit Trust
2022-2
A
3.39%
Due
05/17/2027
05/17/2022
05/24/2022
840,000.00
839,877.95
0.00 0.00
839,883.08
1,265.60
2,373.00
1,265.60
2,373.00
5.13 0.00
5.13 2,378.13
2,378.13
02582JJZ4
American Express Credit Trust
2023-1
A
4.87%
Due
05/15/2028
06/07/2023
06/14/2023
375,000.00
0.00 374,966.74
0.00 374,967.27
0.00 0.00
862.40
862.40
0.53 0.00
0.53 862.93
862.93
02665WCT6
American Honda Finance
Note
3.55%
Due
01/12/2024
08/19/2022
08/23/2022
250,000.00
250,145.00
0.00 0.00
250,145.00
3,426.74
0.00 4,166.32
739.58
0.00 0.00
0.00 739.58
739.58
02665WCZ2
American Honda Finance
Note
2.4%
Due
06/27/2024
07/10/2019
07/12/2019
1,150,000.00
1,151,089.91
0.00 0.00
1,151,006.50
11,806.67
13,800.00
306.67
2,300.00
38.00 121.41
(
83.41 )
2,216.59
2,216.59
037833ET3
Apple Inc
Callable Note Cont
4/10/2028
4%
Due
05/10/2028
05/08/2023
05/10/2023
205,000.00
204,609.11
0.00 0.00
204,615.61
478.33
0.00 1,161.67
683.34
6.50 0.00
6.50 689.84
689.84
05601XAC3
BMW Vehicle Lease Trust
2022-1
A
3 1.1%
Due
03/25/2025
01/11/2022
01/19/2022
249,212.06
279,530.47
0.00 30,334.06
249,199.52
51.25 256.25
45.69 250.69
3.11 0.00
3.11 253.80
253.80
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Income Earned
As of June 30, 2023
City of Vallejo Consolidated
Account #262
CUSIP
Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
05602RAD3
BMW Vehicle Owner Trust
2022
-A A
3 3.21%
Due
08/25/2026
05/10/2022
05/18/2022
325,000.00
324,988.75
0.00 0.00
324,989.20
173.88
869.38
173.88
869.38
0.45 0.00
0.45 869.83
869.83
06051GGF0
Bank of America Corp
Callable Note
1/20/2027
3.824%
Due
01/20/2028
04/10/2023
04/12/2023
1,000,000.00
957,737.42
0.00 0.00
958,485.87
13,915.11
0.00 17,101.78
3,186.67
748.45
0.00 748.45
3,935.12
3,935.12
06051GJD2
Bank of America Corp
Callable Note Cont
6/19/2025
1.319%
Due
06/19/2026
09/16/2021
09/20/2021
500,000.00
500,917.09
0.00 0.00
500,880.35
2,967.75
3,297.50
219.83
549.58
0.00 36.74
(
36.74 )
512.84
512.84
06051GJH3
Bank of America Corp
Callable Note Cont
10/24/2023
0.81%
Due
10/24/2024
08/19/2022
08/23/2022
250,000.00
240,467.50
0.00 0.00
240,467.50
208.13
0.00 376.88
168.75
0.00 0.00
0.00 168.75
168.75
06367WB85
Bank of Montreal
Note
1.85%
Due
05/01/2025
03/24/2021
03/26/2021
1,150,000.00
1,165,083.67
0.00 0.00
1,164,437.22
1,772.92
0.00 3,545.83
1,772.91
0.00 646.45
(
646.45
)
1,126.46
1,126.46
06406RAB3
Bank of NY Mellon Corp
Callable Note
1 X
2/7/2027
3.442%
Due
02/07/2028
04/26/2023
04/28/2023
1,000,000.00
962,592.90
0.00 0.00
963,248.40
10,899.67
0.00 13,768.00
2,868.33
655.50
0.00 655.50
3,523.83
3,523.83
06406RAJ6
Bank of NY Mellon Corp
Note
3.45%
Due
08/11/2023
08/03/2022
08/05/2022
250,000.00
250,162.50
0.00 0.00
250,162.50
2,635.42
0.00 3,354.17
718.75
0.00 0.00
0.00 718.75
718.75
084664CZ2
Berkshire Hathaway
Callable Note Cont
2/15/2027
2.3%
Due
03/15/2027
03/07/2022
03/15/2022
1,095,000.00
1,094,842.42
0.00 0.00
1,094,845.84
5,316.83
0.00 7,415.58
2,098.75
3.42 0.00
3.42 2,102.17
2,102.17
09690AAC7
BMW Vehicle Lease Trust
2021-2
A
3 0.33%
Due
12/26/2024
09/08/2021
09/15/2021
130,166.64
156,564.50
0.00 26,401.89
130,163.78
8.61 43.06
7.16 41.61
1.17 0.00
1.17 42.78
42.78 Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Income Earned
As of June 30, 2023
City of Vallejo Consolidated
Account #262
CUSIP
Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
14913Q3B3
Caterpillar Finl Service
Note
2.15%
Due
11/08/2024
02/19/2020
02/21/2020
650,000.00
652,827.33
0.00 0.00
652,666.07
892.85
0.00 2,057.43
1,164.58
0.00 161.26
(
161.26
)
1,003.32
1,003.32
14913R2V8
Caterpillar Financial Service
Note
3.4%
Due
05/13/2025
05/10/2022
05/13/2022
445,000.00
444,632.86
0.00 0.00
444,648.33
756.50
0.00 2,017.33
1,260.83
15.47 0.00
15.47 1,276.30
1,276.30
14913R3A3
Caterpillar Financial Service
Note
3.6%
Due
08/12/2027
08/22/2022
08/24/2022
700,000.00
694,338.72
0.00 0.00
694,449.51
7,630.00
0.00 9,730.00
2,100.00
110.79
0.00 110.79
2,210.79
2,210.79
17275RAN2
Cisco Systems
Note
3.625%
Due
03/04/2024
09/26/2022
09/28/2022
250,000.00
247,280.00
0.00 0.00
247,280.00
2,190.10
0.00 2,945.31
755.21
0.00 0.00
0.00 755.21
755.21
20030NCR0
Comcast Corp
Callable Note Cont
3/15/2024
3.7%
Due
04/15/2024
09/26/2022
09/28/2022
250,000.00
246,497.50
0.00 0.00
246,497.50
1,181.94
0.00 1,952.78
770.84
0.00 0.00
0.00 770.84
770.84
24422EUX5
John Deere Capital Corp
Note
2.6%
Due
03/07/2024
09/26/2022
09/28/2022
250,000.00
243,532.50
0.00 0.00
243,532.50
1,516.67
0.00 2,058.33
541.66
0.00 0.00
0.00 541.66
541.66
3130A0XE5
FHLB
Note
3.25%
Due
03/08/2024
08/19/2022
08/22/2022
750,000.00
748,537.50
0.00 0.00
748,537.50
5,619.79
0.00 7,651.04
2,031.25
0.00 0.00
0.00 2,031.25
2,031.25
3130A2UW4
FHLB
Note
2.875%
Due
09/13/2024
10/10/2019
10/11/2019
500,000.00
507,969.62
0.00 0.00
507,460.92
3,114.58
0.00 4,312.50
1,197.92
0.00 508.70
(
508.70
)
689.22
689.22
3130A3GE8
FHLB
Note
2.75%
Due
12/13/2024
02/26/2020
02/27/2020
1,850,000.00
1,890,879.79
0.00 0.00
1,888,693.71
23,741.67
25,437.50
2,543.75
4,239.58
0.00 2,186.08
(
2,186.08
)
2,053.50
2,053.50
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Income Earned
As of June 30, 2023
City of Vallejo Consolidated
Account #262
CUSIP
Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3130A4CH3
FHLB
Note
2.375%
Due
03/14/2025
03/19/2020
03/20/2020
1,750,000.00
1,786,217.35
0.00 0.00
1,784,550.90
8,889.76
0.00 12,353.30
3,463.54
0.00 1,666.45
(
1,666.45
)
1,797.09
1,797.09
3130ATUC9
FHLB
Note
4.5%
Due
12/12/2025
02/08/2023
02/09/2023
1,800,000.00
1,812,106.17
0.00 0.00
1,811,713.54
46,800.00
49,275.00
4,275.00
6,750.00
0.00 392.63
(
392.63
)
6,357.37
6,357.37
3133EKWV4
FFCB
Note
1.85%
Due
07/26/2024
08/13/2019
08/14/2019
500,000.00
501,124.22
0.00 0.00
501,044.11
3,211.81
0.00 3,982.64
770.83
0.00 80.11
(
80.11 )
690.72
690.72
3135G03U5
FNMA
Note
0.625%
Due
04/22/2025
04/22/2020
04/24/2020
805,000.00
804,371.77
0.00 0.00
804,399.05
545.05
0.00 964.32
419.27
27.28 0.00
27.28 446.55
446.55
3135G04Z3
FNMA
Note
0.5%
Due
06/17/2025
06/17/2020
06/19/2020
2,020,000.00
2,018,287.55
0.00 0.00
2,018,356.32
4,601.11
5,050.00
392.78
841.67
68.77 0.00
68.77 910.44
910.44
3135G05X7
FNMA
Note
0.375%
Due
08/25/2025
08/25/2020
08/27/2020
1,700,000.00
1,696,440.74
0.00 0.00
1,696,571.59
1,700.00
0.00 2,231.25
531.25
130.85
0.00 130.85
662.10
662.10
3135G06G3
FNMA
Note
0.5%
Due
11/07/2025
11/09/2020
11/12/2020
1,680,000.00
1,677,060.51
0.00 0.00
1,677,159.59
560.00
0.00 1,260.00
700.00
99.08 0.00
99.08 799.08
799.08
3135G0W66
FNMA
Note
1.625%
Due
10/15/2024
11/08/2019
11/12/2019
500,000.00
498,841.97
0.00 0.00
498,911.17
1,038.19
0.00 1,715.28
677.09
69.20 0.00
69.20 746.29
746.29
3135G0X24
FNMA
Note
1.625%
Due
01/07/2025
01/08/2020
01/10/2020
1,835,000.00
1,833,119.39
0.00 0.00
1,833,215.66
11,927.50
0.00 14,412.40
2,484.90
96.27 0.00
96.27 2,581.17
2,581.17
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Income Earned
As of June 30, 2023
City of Vallejo Consolidated
Account #262
CUSIP
Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
3137BFE98
FHLMC
K
041
A
2 3.171%
Due
10/25/2024
07/01/2021
07/07/2021
800,000.00
825,003.81
0.00 0.00
823,466.69
2,114.00
2,114.00
2,114.00
2,114.00
0.00 1,537.12
(
1,537.12
)
576.88
576.88
3137EAEP0
FHLMC
Note
1.5%
Due
02/12/2025
02/13/2020
02/14/2020
2,040,000.00
2,039,464.64
0.00 0.00
2,039,490.46
9,265.00
0.00 11,815.00
2,550.00
25.82 0.00
25.82 2,575.82
2,575.82
3137EAEU9
FHLMC
Note
0.375%
Due
07/21/2025
07/21/2020
07/23/2020
1,075,000.00
1,072,707.74
0.00 0.00
1,072,795.79
1,455.73
0.00 1,791.67
335.94
88.05 0.00
88.05 423.99
423.99
3137EAEX3
FHLMC
Note
0.375%
Due
09/23/2025
09/23/2020
09/25/2020
1,560,000.00
1,557,824.68
0.00 0.00
1,557,901.91
1,105.00
0.00 1,592.50
487.50
77.23 0.00
77.23 564.73
564.73
3137FG6X8
FHLMC
K
077
A
2 3.85%
Due
05/25/2028
05/24/2023
05/30/2023
1,835,000.00
1,801,347.53
0.00 0.00
1,801,902.24
1,177.46
5,887.29
1,177.46
5,887.29
554.71
0.00 554.71
6,442.00
6,442.00
362554AC1
GM Financial Securitized Term
2021-4
A
3 0.68%
Due
09/16/2026
10/13/2021
10/21/2021
235,000.00
234,996.85
0.00 0.00
234,996.99
66.58 133.17
66.58 133.17
0.14 0.00
0.14 133.31
133.31
362585AC5
GM Financial Securitized ART
2022-2
A
3 3.1%
Due
02/16/2027
04/05/2022
04/13/2022
300,000.00
299,958.03
0.00 0.00
299,959.54
387.50
775.00
387.50
775.00
1.51 0.00
1.51 776.51
776.51
36265MAC9
GM Financial Auto Lease Trust
2022-1
A
3 1.9%
Due
03/20/2025
02/15/2022
02/23/2022
640,000.00
639,997.74
0.00 0.00
639,997.95
371.56
1,013.33
371.56
1,013.33
0.21 0.00
0.21 1,013.54
1,013.54
36266FAC3
GM Financial Auto Lease Trust
2022-2
A
3 3.42%
Due
06/20/2025
05/03/2022
05/11/2022
390,000.00
389,978.92
0.00 0.00
389,980.45
407.55
1,111.50
407.55
1,111.50
1.53 0.00
1.53 1,113.03
1,113.03
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Income Earned
As of June 30, 2023
City of Vallejo Consolidated
Account #262
CUSIP
Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
380146AC4
GM Financial Auto Receivables
2022-1
A
3 1.26%
Due
11/16/2026
01/11/2022
01/19/2022
200,000.00
199,989.76
0.00 0.00
199,990.19
105.00
210.00
105.00
210.00
0.43 0.00
0.43 210.43
210.43
437076BC5
Home Depot
Callable Note Cont
11/15/2023
3.75%
Due
02/15/2024
09/26/2022
09/28/2022
250,000.00
247,712.50
0.00 0.00
247,712.50
2,760.42
0.00 3,541.67
781.25
0.00 0.00
0.00 781.25
781.25
43813KAC6
Honda Auto Receivables Trust
2020-3
A
3 0.37%
Due
10/18/2024
09/22/2020
09/29/2020
114,414.00
134,361.26
0.00 19,950.19
114,411.94
17.95 41.43
15.29 38.77
0.87 0.00
0.87 39.64
39.64 43813RAC1
Honda Auto Receivables
2020-1
A
3 1.61%
Due
04/22/2024
02/19/2020
02/26/2020
4,107.31
17,981.71
0.00 13,875.16
4,107.15
8.04 24.13
1.84 17.93
0.60 0.00
0.60 18.53
18.53 43815BAC4
Honda Auto Receivables Trust
2022-1
A
3 1.88%
Due
05/15/2026
02/15/2022
02/23/2022
500,000.00
499,954.38
0.00 0.00
499,956.30
417.78
783.33
417.78
783.33
1.92 0.00
1.92 785.25
785.25
43815GAC3
Honda Auto Receivables Trust
2021-4
A
3 0.88%
Due
01/21/2026
11/16/2021
11/24/2021
310,000.00
309,965.20
0.00 0.00
309,966.86
75.78 227.33
75.78 227.33
1.66 0.00
1.66 228.99
228.99
44891RAC4
Hyundai Auto Receivables Trust
2020
-C A
3 0.38%
Due
05/15/2025
10/20/2020
10/28/2020
175,342.28
198,216.06
0.00 22,883.59
175,334.60
33.48 62.77
29.61 58.90
2.13 0.00
2.13 61.03
61.03 44933LAC7
Hyundai Auto Receivables Trust
2021
-A A
3 0.38%
Due
09/15/2025
04/20/2021
04/28/2021
239,715.85
262,139.52
0.00 22,432.32
239,708.62
44.27 83.01
40.49 79.23
1.42 0.00
1.42 80.65
80.65 44934KAC8
Hyundai Auto Receivables Trust
2021
-B A
3 0.38%
Due
01/15/2026
07/20/2021
07/28/2021
659,802.80
708,280.53
0.00 48,542.18
659,746.58
119.63
224.31
111.43
216.11
8.23 0.00
8.23 224.34
224.34
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Income Earned
As of June 30, 2023
City of Vallejo Consolidated
Account #262
CUSIP
Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
44935FAD6
Hyundai Auto Receivables Trust
2021
-C A
3 0.74%
Due
05/15/2026
11/09/2021
11/17/2021
220,000.00
219,974.75
0.00 0.00
219,976.02
72.36 135.67
72.36 135.67
1.27 0.00
1.27 136.94
136.94
46647PBF2
JP Morgan Chase & Co
Callable Note
1 X
10/15/2024
2.301%
Due
10/15/2025
11/13/2020
11/17/2020
1,150,000.00
1,171,220.22
0.00 0.00
1,169,952.08
3,381.19
0.00 5,586.32
2,205.13
0.00 1,268.14
(
1,268.14
)
936.99
936.99
46647PBK1
JP Morgan Chase & Co
Callable Note Cont
4/22/2025
2.083%
Due
04/22/2026
09/16/2021
09/20/2021
500,000.00
508,410.68
0.00 0.00
508,045.53
1,128.29
0.00 1,996.21
867.92
0.00 365.15
(
365.15
)
502.77
502.77
46647PBS4
JP Morgan Chase & Co
Callable Note Cont
9/16/2023
0.653%
Due
09/16/2024
08/19/2022
08/23/2022
250,000.00
241,080.00
0.00 0.00
241,080.00
340.10
0.00 476.15
136.05
0.00 0.00
0.00 136.05
136.05
47787JAC2
John Deere Owner Trust
2022
-A A
3 2.32%
Due
09/16/2026
03/10/2022
03/16/2022
305,000.00
304,955.85
0.00 0.00
304,957.43
314.49
589.67
314.49
589.67
1.58 0.00
1.58 591.25
591.25
47787NAC3
John Deere Owner Trust
2020
-B A
3 0.51%
Due
11/15/2024
07/14/2020
07/22/2020
20,780.32
27,258.92
0.00 6,479.34
20,779.83
6.18 11.59
4.71 10.12
0.25 0.00
0.25 10.37
10.37 47788UAC6
John Deere Owner Trust
2021
-A A
3 0.36%
Due
09/15/2025
03/02/2021
03/10/2021
141,277.22
151,260.03
0.00 9,993.91
141,267.47
24.20 45.38
22.60 43.78
1.35 0.00
1.35 45.13
45.13 47789KAC7
John Deere Owner Trust
2020
-A A
3 1.1%
Due
08/15/2024
03/04/2020
03/11/2020
3,438.34
16,420.99
0.00 12,982.92
3,438.29
8.03 15.05
1.68 8.70
0.22 0.00
0.22 8.92
8.92 47789QAC4
John Deere Owner Trust
2021
-B A
3 0.52%
Due
03/16/2026
07/13/2021
07/21/2021
337,497.31
357,780.66
0.00 20,298.99
337,483.24
82.69 155.04
78.00 150.35
1.57 0.00
1.57 151.92
151.92
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Income Earned
As of June 30, 2023
City of Vallejo Consolidated
Account #262
CUSIP
Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
47800AAC4
John Deere Owner Trust
2022
-B A
3 3.74%
Due
02/16/2027
07/12/2022
07/20/2022
400,000.00
399,971.04
0.00 0.00
399,971.92
664.89
1,246.67
664.89
1,246.67
0.88 0.00
0.88 1,247.55
1,247.55
58768PAC8
Mercedes-Benz Auto Receivables
2022-1
A
3 5.21%
Due
08/16/2027
11/15/2022
11/22/2022
915,000.00
914,846.23
0.00 0.00
914,850.51
2,118.73
3,972.63
2,118.73
3,972.63
4.28 0.00
4.28 3,976.91
3,976.91
58769KAD6
Mercedes-Benz Auto Lease Trust
2021
-B A
3 0.4%
Due
11/15/2024
06/22/2021
06/29/2021
309,145.81
351,137.83
0.00 41,998.52
309,140.84
62.43 117.05
54.96 109.58
1.53 0.00
1.53 111.11
111.11
61747YEA9
Morgan Stanley
Callable Note Cont
5/30/2024
0.79%
Due
05/30/2025
05/26/2021
06/01/2021
1,240,000.00
1,240,219.03
0.00 0.00
1,240,200.98
27.20 0.00
843.54
816.34
0.00 18.05
(
18.05 )
798.29
798.29
637432NL5
National Rural Utilities
Callable Note Cont
12/7/2023
2.95%
Due
02/07/2024
08/03/2022
08/05/2022
250,000.00
248,377.50
0.00 0.00
248,377.50
2,335.42
0.00 2,950.00
614.58
0.00 0.00
0.00 614.58
614.58
63743HFE7
National Rural Utilities
Note
3.45%
Due
06/15/2025
Various
Various
685,000.00
683,691.57
0.00 0.00
683,744.26
10,897.21
11,816.25
1,050.33
1,969.37
52.69 0.00
52.69 2,022.06
2,022.06
74340XBN0
Prologis LP
Callable Note Cont
2/15/2027
2.125%
Due
04/15/2027
11/09/2022
11/14/2022
1,000,000.00
895,935.56
0.00 0.00
898,143.43
2,715.28
0.00 4,486.11
1,770.83
2,207.87
0.00 2,207.87
3,978.70
3,978.70
747525AT0
Qualcomm Inc
Callable Note Cont
3/20/2024
2.9%
Due
05/20/2024
Various
Various
1,400,000.00
1,400,068.58
0.00 0.00
1,399,403.97
1,240.56
0.00 4,623.88
3,383.32
0.00 664.61
(
664.61
)
2,718.71
2,718.71
756109AU8
Realty Income Corp
Callable Note Cont
10/15/2027
3.65%
Due
01/15/2028
04/24/2023
04/26/2023
1,000,000.00
956,399.32
0.00 0.00
957,173.76
13,788.89
0.00 16,830.56
3,041.67
774.44
0.00 774.44
3,816.11
3,816.11
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Income Earned
As of June 30, 2023
City of Vallejo Consolidated
Account #262
CUSIP
Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
756109BD5
Realty Income Corp
Callable Note Cont
11/6/2023
4.6%
Due
02/06/2024
06/14/2023
06/16/2023
750,000.00
0.00 745,192.50
0.00 745,192.50
0.00 (
12,458.33
)
13,895.83
1,437.50
0.00 0.00
0.00 1,437.50
1,437.50
78013XZU5
Royal Bank of Canada
Note
2.55%
Due
07/16/2024
Various
Various
1,150,000.00
1,153,574.63
0.00 0.00
1,153,313.71
10,996.88
0.00 13,440.62
2,443.74
0.00 260.92
(
260.92
)
2,182.82
2,182.82
78015K7H1
Royal Bank of Canada
Note
1.15%
Due
06/10/2025
12/22/2021
12/27/2021
400,000.00
397,793.50
0.00 0.00
397,882.95
2,185.00
2,300.00
268.33
383.33
89.45 0.00
89.45 472.78
472.78
79466LAG9
Salesforce.com Inc
Callable Note Cont
7/15/2022
0.625%
Due
07/15/2024
06/29/2021
07/12/2021
190,000.00
189,963.85
0.00 0.00
189,966.49
448.61
0.00 547.57
98.96 2.64
0.00 2.64
101.60
101.60
808513BY0
Charles Schwab Corp
Callable Note Cont
2/3/2027
2.45%
Due
03/03/2027
Various
Various
1,000,000.00
988,989.15
0.00 0.00
989,230.09
5,988.89
0.00 8,030.56
2,041.67
240.94
0.00 240.94
2,282.61
2,282.61
87612EBM7
Target Corp
Callable Note Cont
12/15/2026
1.95%
Due
01/15/2027
01/19/2022
01/24/2022
545,000.00
544,324.88
0.00 0.00
544,340.18
4,014.83
0.00 4,900.46
885.63
15.30 0.00
15.30 900.93
900.93
89114QCB2
Toronto Dominion Bank
Note
Due
03/11/2024
Various
Various
750,000.00
1,367,909.36
491,225.00
1,118,237.04
740,162.50
9,750.00
4,748.62
7,447.92
2,446.54
0.00 734.82
(
734.82
)
1,711.72
1,711.72
89115A2M3
Toronto-Dominion Bank
Note
5.156%
Due
01/10/2028
06/28/2023
06/30/2023
1,100,000.00
0.00 1,094,940.00
0.00 1,094,943.06
0.00 (
26,782.56
)
26,940.10
157.54
3.06 0.00
3.06 160.60
160.60
89232HAC9
Toyota Auto Receivable Own
2020
-A A
3 Due
05/15/2024
06/17/2020
06/19/2020
0.00 3,042.58
0.00 3,025.51
0.00 2.23
4.19 0.00
1.96 0.00
17.07 (
17.07 )
(
15.11 )
(15.11)
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Income Earned
As of June 30, 2023
City of Vallejo Consolidated
Account #262
CUSIP
Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
89236TDW2
Toyota Motor Credit Corp
Note
2.9%
Due
04/17/2024
08/19/2022
08/23/2022
250,000.00
247,965.00
0.00 0.00
247,965.00
886.11
0.00 1,490.28
604.17
0.00 0.00
0.00 604.17
604.17
89236TJK2
Toyota Motor Credit Corp
Note
1.125%
Due
06/18/2026
06/15/2021
06/18/2021
810,000.00
809,782.76
0.00 0.00
809,788.62
4,125.94
4,556.25
329.06
759.37
5.86 0.00
5.86 765.23
765.23
89237VAB5
Toyota Auto Receivables Trust
2020
-C A
3 0.44%
Due
10/15/2024
07/21/2020
07/27/2020
16,284.68
21,572.31
0.00 5,288.17
16,284.30
4.22 7.91
3.18 6.87
0.16 0.00
0.16 7.03
7.03 89238FAD5
Toyota Auto Receivables OT
2022
-B A
3 2.93%
Due
09/15/2026
04/07/2022
04/13/2022
335,000.00
334,994.89
0.00 0.00
334,995.09
436.24
817.96
436.24
817.96
0.20 0.00
0.20 818.16
818.16
89240BAC2
Toyota Auto Receivables Owners
2021
-A A
3 0.26%
Due
05/15/2025
02/02/2021
02/08/2021
86,761.91
96,607.55
0.00 9,850.21
86,758.24
11.16 20.93
10.03 19.80
0.90 0.00
0.90 20.70
20.70 90331HPL1
US Bank NA
Callable Note Cont
12/21/2024
2.05%
Due
01/21/2025
01/16/2020
01/21/2020
1,150,000.00
1,149,195.57
0.00 0.00
1,149,235.79
8,513.19
0.00 10,477.78
1,964.59
40.22 0.00
40.22 2,004.81
2,004.81
9128283J7
US Treasury
Note
2.125%
Due
11/30/2024
Various
Various
2,000,000.00
2,018,144.40
0.00 0.00
2,017,151.09
116.12
0.00 3,599.73
3,483.61
0.00 993.31
(
993.31
)
2,490.30
2,490.30
9128283W8
US Treasury
Note
2.75%
Due
02/15/2028
03/08/2023
03/09/2023
1,250,000.00
1,165,224.19
0.00 0.00
1,166,702.84
10,065.61
0.00 12,914.36
2,848.75
1,478.65
0.00 1,478.65
4,327.40
4,327.40
9128283Z1
US Treasury
Note
2.75%
Due
02/28/2025
03/05/2020
03/06/2020
700,000.00
724,720.58
0.00 0.00
723,558.17
4,864.81
0.00 6,434.10
1,569.29
0.00 1,162.41
(
1,162.41
)
406.88
406.88
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Income Earned
As of June 30, 2023
City of Vallejo Consolidated
Account #262
CUSIP
Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
9128284X5
US Treasury
Note
2.75%
Due
08/31/2023
Various
Various
1,000,000.00
987,685.55
0.00 0.00
987,685.55
6,949.73
0.00 9,191.57
2,241.84
0.00 0.00
0.00 2,241.84
2,241.84
9128285Z9
US Treasury
Note
2.5%
Due
01/31/2024
Various
Various
1,000,000.00
986,054.69
0.00 0.00
986,054.69
8,356.36
0.00 10,428.17
2,071.81
0.00 0.00
0.00 2,071.81
2,071.81
912828B66
US Treasury
Note
2.75%
Due
02/15/2024
Various
Various
1,000,000.00
978,632.81
0.00 0.00
978,632.81
8,052.48
0.00 10,331.49
2,279.01
0.00 0.00
0.00 2,279.01
2,279.01
912828J27
US Treasury
Note
2%
Due
02/15/2025
02/27/2020
02/28/2020
1,850,000.00
1,878,558.67
0.00 0.00
1,877,187.85
10,834.25
0.00 13,900.55
3,066.30
0.00 1,370.82
(
1,370.82
)
1,695.48
1,695.48
912828S92
US Treasury
Note
1.25%
Due
07/31/2023
Various
Various
1,000,000.00
982,666.01
0.00 0.00
982,666.01
4,178.17
0.00 5,214.09
1,035.92
0.00 0.00
0.00 1,035.92
1,035.92
912828T91
US Treasury
Note
1.625%
Due
10/31/2023
Various
Various
1,000,000.00
979,921.88
0.00 0.00
979,921.88
1,413.04
0.00 2,737.77
1,324.73
0.00 0.00
0.00 1,324.73
1,324.73
912828V98
US Treasury
Note
2.25%
Due
02/15/2027
02/06/2023
02/07/2023
1,250,000.00
1,179,063.77
0.00 0.00
1,180,634.31
8,235.50
0.00 10,566.30
2,330.80
1,570.54
0.00 1,570.54
3,901.34
3,901.34
912828WJ5
US Treasury
Note
Due
05/15/2024
Various
Various
0.00 2,028,061.55
0.00 2,025,729.78
0.00 2,309.79
6,250.00
0.00 3,940.21
0.00 2,331.77
(
2,331.77
)
1,608.44
1,608.44
912828YH7
US Treasury
Note
1.5%
Due
09/30/2024
Various
Various
2,000,000.00
2,003,247.54
0.00 0.00
2,003,047.49
5,081.96
0.00 7,540.99
2,459.03
180.14
380.19
(
200.05
)
2,258.98
2,258.98
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Income Earned
As of June 30, 2023
City of Vallejo Consolidated
Account #262
CUSIP
Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
912828Z78
US Treasury
Note
1.5%
Due
01/31/2027
03/30/2022
03/31/2022
500,000.00
483,559.26
0.00 0.00
483,927.34
2,506.91
0.00 3,128.45
621.54
368.08
0.00 368.08
989.62
989.62
912828ZC7
US Treasury
Note
1.125%
Due
02/28/2025
Various
Various
1,500,000.00
1,516,162.89
0.00 0.00
1,515,402.88
4,264.60
0.00 5,640.28
1,375.68
0.00 760.01
(
760.01
)
615.67
615.67
91282CAZ4
US Treasury
Note
0.375%
Due
11/30/2025
12/28/2020
12/29/2020
2,000,000.00
1,999,722.15
0.00 0.00
1,999,731.28
20.49 0.00
635.25
614.76
9.13 0.00
9.13 623.89
623.89
91282CBC4
US Treasury
Note
0.375%
Due
12/31/2025
01/27/2021
01/28/2021
2,000,000.00
1,999,015.57
0.00 0.00
1,999,046.86
3,149.17
3,750.00
20.38 621.21
31.29 0.00
31.29 652.50
652.50
91282CBT7
US Treasury
Note
0.75%
Due
03/31/2026
03/30/2021
03/31/2021
1,500,000.00
1,493,198.18
0.00 0.00
1,493,395.53
1,905.74
0.00 2,827.87
922.13
197.35
0.00 197.35
1,119.48
1,119.48
91282CBV2
US Treasury
Note
0.375%
Due
04/15/2024
09/26/2022
09/27/2022
750,000.00
705,791.02
0.00 0.00
705,791.02
361.17
0.00 591.70
230.53
0.00 0.00
0.00 230.53
230.53
91282CBW0
US Treasury
Note
0.75%
Due
04/30/2026
04/29/2021
04/30/2021
1,000,000.00
996,153.31
0.00 0.00
996,261.77
652.17
0.00 1,263.59
611.42
108.46
0.00 108.46
719.88
719.88
91282CCP4
US Treasury
Note
0.625%
Due
07/31/2026
08/10/2021
08/11/2021
1,000,000.00
993,954.29
0.00 0.00
994,111.18
2,089.09
0.00 2,607.04
517.95
156.89
0.00 156.89
674.84
674.84
91282CCW9
US Treasury
Note
0.75%
Due
08/31/2026
Various
Various
2,250,000.00
2,234,372.15
0.00 0.00
2,234,767.12
4,264.61
0.00 5,640.28
1,375.67
394.97
0.00 394.97
1,770.64
1,770.64
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Income Earned
As of June 30, 2023
City of Vallejo Consolidated
Account #262
CUSIP
Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91282CDG3
US Treasury
Note
1.125%
Due
10/31/2026
Various
Various
3,000,000.00
2,985,725.21
0.00 0.00
2,986,068.36
2,934.79
0.00 5,686.15
2,751.36
343.15
0.00 343.15
3,094.51
3,094.51
91282CDM0
US Treasury
Note
0.5%
Due
11/30/2023
03/06/2023
03/07/2023
1,000,000.00
966,875.00
0.00 0.00
966,875.00
13.66 0.00
423.50
409.84
0.00 0.00
0.00 409.84
409.84
91282CEF4
US Treasury
Note
2.5%
Due
03/31/2027
09/27/2022
09/28/2022
1,250,000.00
1,174,173.21
0.00 0.00
1,175,799.23
5,293.72
0.00 7,855.19
2,561.47
1,626.02
0.00 1,626.02
4,187.49
4,187.49
91282CEG2
US Treasury
Note
2.25%
Due
03/31/2024
08/19/2022
08/22/2022
750,000.00
737,871.09
0.00 0.00
737,871.09
2,858.61
0.00 4,241.80
1,383.19
0.00 0.00
0.00 1,383.19
1,383.19
91282CEN7
US Treasury
Note
2.75%
Due
04/30/2027
Various
Various
2,500,000.00
2,456,551.60
0.00 0.00
2,457,463.75
5,978.27
0.00 11,582.88
5,604.61
912.15
0.00 912.15
6,516.76
6,516.76
91282CER8
US Treasury
Note
2.5%
Due
05/31/2024
08/19/2022
08/22/2022
750,000.00
739,863.28
0.00 0.00
739,863.28
51.23 0.00
1,588.11
1,536.88
0.00 0.00
0.00 1,536.88
1,536.88
91282CEW7
US Treasury
Note
3.25%
Due
06/30/2027
07/12/2022
07/13/2022
1,400,000.00
1,413,393.46
0.00 0.00
1,413,123.80
19,104.97
22,750.00
123.64
3,768.67
0.00 269.66
(
269.66
)
3,499.01
3,499.01
91282CFH9
US Treasury
Note
3.125%
Due
08/31/2027
09/08/2022
09/09/2022
1,000,000.00
990,691.04
0.00 0.00
990,870.98
7,897.42
0.00 10,444.97
2,547.55
179.94
0.00 179.94
2,727.49
2,727.49
91282CFM8
US Treasury
Note
4.125%
Due
09/30/2027
10/28/2022
10/31/2022
1,000,000.00
997,245.82
0.00 0.00
997,298.05
6,987.70
0.00 10,368.85
3,381.15
52.23 0.00
52.23 3,433.38
3,433.38
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Income Earned
As of June 30, 2023
City of Vallejo Consolidated
Account #262
CUSIP
Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91282CFU0
US Treasury
Note
4.125%
Due
10/31/2027
12/20/2022
12/21/2022
1,100,000.00
1,112,495.07
0.00 0.00
1,112,262.68
3,945.65
0.00 7,644.70
3,699.05
0.00 232.39
(
232.39
)
3,466.66
3,466.66
91282CGC9
US Treasury
Note
3.875%
Due
12/31/2027
01/26/2023
01/27/2023
1,250,000.00
1,263,358.01
0.00 0.00
1,263,118.62
20,338.40
24,218.75
131.62
4,011.97
0.00 239.39
(
239.39
)
3,772.58
3,772.58
91282CGT2
US Treasury
Note
3.625%
Due
03/31/2028
06/29/2023
06/30/2023
1,750,000.00
0.00 1,708,437.50
0.00 1,708,461.44
0.00 (
15,772.71
)
15,946.04
173.33
23.94 0.00
23.94 197.27
197.27
91282CHA2
US Treasury
Note
3.5%
Due
04/30/2028
Various
Various
2,180,000.00
2,175,333.84
0.00 0.00
2,175,411.82
6,634.79
0.00 12,854.89
6,220.10
109.04
31.06 77.98
6,298.08
6,298.08
91324PEB4
United Health Group Inc
Callable Note Cont
5/15/2022
0.55%
Due
05/15/2024
08/03/2022
08/05/2022
250,000.00
238,842.50
0.00 0.00
238,842.50
61.11 0.00
175.69
114.58
0.00 0.00
0.00 114.58
114.58
91324PEC2
United Health Group Inc
Callable Note Cont
4/15/2026
1.15%
Due
05/15/2026
Various
Various
1,245,000.00
1,235,891.88
0.00 0.00
1,236,144.74
636.33
0.00 1,829.45
1,193.12
266.34
13.48 252.86
1,445.98
1,445.98
92290BAA9
Verizon Owner Trust
2020
-B A
0.47%
Due
02/20/2025
08/04/2020
08/12/2020
95,059.60
135,361.57
0.00 40,312.81
95,052.35
19.44 53.12
13.65 47.33
3.59 0.00
3.59 50.92
50.92 92348KAV5
Verizon Master Trust
2022-5
A
1 A
3.72%
Due
07/20/2027
08/02/2022
08/11/2022
350,000.00
349,989.07
0.00 0.00
349,989.53
397.83
1,085.00
397.83
1,085.00
0.46 0.00
0.46 1,085.46
1,085.46
927804GH1
Virginia Electric Power Corp
Callable Note Cont.
4/15/2027
3.75%
Due
05/15/2027
05/16/2022
05/31/2022
250,000.00
249,377.72
0.00 0.00
249,390.65
416.67
0.00 1,197.92
781.25
12.93 0.00
12.93 794.18
794.18
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Income Earned
As of June 30, 2023
City of Vallejo Consolidated
Account #262
CUSIP
Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
931142ER0
Wal-Mart Stores
Callable Note Cont
08/17/2026
1.05%
Due
09/17/2026
09/08/2021
09/17/2021
240,000.00
239,700.91
0.00 0.00
239,708.36
518.00
0.00 728.00
210.00
7.45 0.00
7.45 217.45
217.45
931142EX7
Wal-Mart Stores
Callable Note Cont
09/09/2027
3.95%
Due
09/09/2027
Various
09/09/2022
500,000.00
499,458.18
0.00 0.00
499,468.59
4,498.61
0.00 6,144.44
1,645.83
10.41 0.00
10.41 1,656.24
1,656.24
Total Fixed Income
108,053,006.13
106,009,403.14
4,905,541.74
3,478,616.59
107,430,085.06
476,927.29
145,304.06
518,915.54
187,292.31
14,357.73
20,600.96
(
6,243.23
)
181,049.08
181,049.08
CASH & EQUIVALENT
3130AJHU6
FHLB
Note
0.5%
Due
04/14/2025
05/28/2020
05/29/2020
1,900,000.00
1,899,846.99
0.00 0.00
1,899,853.71
1,240.28
0.00 2,031.94
791.66
6.72 0.00
6.72 798.38
798.38
912796CS6
US Treasury
Bill
4.685%
Due
09/28/2023
03/30/2023
03/31/2023
20,000,000.00
19,528,897.22
0.00 0.00
19,528,897.22
161,372.22
0.00 239,455.56
78,083.34
0.00 0.00
0.00 78,083.34
78,083.34
912796ZR3
US Treasury
Bill
Due
06/29/2023
03/30/2023
03/31/2023
0.00 19,766,650.00
0.00 19,766,650.00
0.00 160,752.22
233,350.00
0.00 72,597.78
0.00 0.00
0.00 72,597.78
72,597.78
912797FK8
US Treasury
Bill
5.185%
Due
11/16/2023
06/08/2023
06/09/2023
5,000,000.00
0.00 4,884,777.78
0.00 4,884,777.78
0.00 0.00
15,843.06
15,843.06
0.00 0.00
0.00 15,843.06
15,843.06
912797FT9
US Treasury
Bill
5.152%
Due
12/07/2023
06/08/2023
06/09/2023
5,000,000.00
0.00 4,870,471.88
0.00 4,870,471.88
0.00 0.00
15,743.75
15,743.75
0.00 0.00
0.00 15,743.75
15,743.75
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Income Earned
As of June 30, 2023
City of Vallejo Consolidated
Account #262
CUSIP
Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
94975H312
Wells Fargo
Advantage Treasury Plus MMF
04/30/2023
04/30/2023
32,655,789.79
3,802,513.70
41,484,901.49
12,631,625.40
32,655,789.79
0.00 13,272.96
0.00 13,272.96
0.00 0.00
0.00 13,272.96
13,272.96
Total Cash & Equivalent
64,555,789.79
44,997,907.91
51,240,151.15
32,398,275.40
63,839,790.38
323,364.72
246,622.96
273,074.31
196,332.55
6.72 0.00
6.72 196,339.27
196,339.27
LOCAL AGENCY INVESTMENT FUND
90LAIF$00
Local Agency Investment Fund
State Pool
Various
Various
56,137,293.29
56,137,293.29
0.00 0.00
56,137,293.29
274,583.70
0.00 420,679.05
146,095.35
0.00 0.00
0.00 146,095.35
146,095.35
Total Local Agency Investment Fund
56,137,293.29
56,137,293.29
0.00 0.00
56,137,293.29
274,583.70
0.00 420,679.05
146,095.35
0.00 0.00
0.00 146,095.35
146,095.35
TOTAL PORTFOLIO
228,746,089.21
207,144,604.34
56,145,692.89
35,876,891.99
227,407,168.73
1,074,875.71
391,927.02
1,212,668.90
529,720.21
14,364.45
20,600.96
(
6,236.51
)
523,483.70
523,483.70
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Cash Flow Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
Payment Date
Transaction Type
CUSIP
Quantity
Security Description
Principal Amount
Income
Total Amount
07/07/2023
Interest
3135G0X24
1,835,000.00
FNMA Note
1.625%
Due
1/7/2025
0.00 14,909.38
14,909.38
07/10/2023
Interest
89115A2M3
1,100,000.00
Toronto-Dominion Bank Note
5.156%
Due
1/10/2028
0.00 28,358.00
28,358.00
07/12/2023
Interest
02665WCT6
250,000.00
American Honda Finance Note
3.55%
Due
1/12/2024
0.00 4,437.50
4,437.50
07/15/2023
Interest
756109AU8
1,000,000.00
Realty Income Corp Callable Note Cont
10/15/2027
3.65%
Due
1/15/2028
0.00 18,250.00
18,250.00
07/15/2023
Interest
87612EBM7
545,000.00
Target Corp Callable Note Cont
12/15/2026
1.95%
Due
1/15/2027
0.00 5,313.75
5,313.75
07/15/2023
Interest
79466LAG9
190,000.00
Salesforce.com Inc Callable Note Cont
7/15/2022
0.625%
Due
7/15/2024
0.00 593.75
593.75
07/15/2023
Paydown
89237VAB5
16,284.68
Toyota Auto Receivables Trust
2020
-C A
3 0.44%
Due
10/15/2024
1,015.00
5.97 1,020.97
07/15/2023
Paydown
43815BAC4
500,000.00
Honda Auto Receivables Trust
2022-1
A
3 1.88%
Due
5/15/2026
0.00 783.33
783.33
07/15/2023
Paydown
44934KAC8
659,802.80
Hyundai Auto Receivables Trust
2021
-B A
3 0.38%
Due
1/15/2026
43,958.63
208.94
44,167.57
07/15/2023
Paydown
47789KAC7
3,438.34
John Deere Owner Trust
2020
-A A
3 1.1%
Due
8/15/2024
241.24
3.15 244.39
07/15/2023
Paydown
58768PAC8
915,000.00
Mercedes-Benz Auto Receivables
2022-1
A
3 5.21%
Due
8/16/2027
0.00 3,972.63
3,972.63
07/15/2023
Paydown
02582JJT8
840,000.00
American Express Credit Trust
2022-2
A
3.39%
Due
5/17/2027
0.00 2,373.00
2,373.00
07/15/2023
Paydown
02582JJZ4
375,000.00
American Express Credit Trust
2023-1
A
4.87%
Due
5/15/2028
0.00 1,572.60
1,572.60
07/15/2023
Paydown
44891RAC4
175,342.28
Hyundai Auto Receivables Trust
2020
-C A
3 0.38%
Due
5/15/2025
21,889.67
55.53 21,945.20
07/15/2023
Paydown
44933LAC7
239,715.85
Hyundai Auto Receivables Trust
2021
-A A
3 0.38%
Due
9/15/2025
21,756.96
75.91 21,832.87
07/15/2023
Paydown
47787NAC3
20,780.32
John Deere Owner Trust
2020
-B A
3 0.51%
Due
11/15/2024
2,965.13
8.83 2,973.96
07/15/2023
Paydown
47788UAC6
141,277.22
John Deere Owner Trust
2021
-A A
3 0.36%
Due
9/15/2025
8,808.33
42.38 8,850.71
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Cash Flow Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
Payment Date
Transaction Type
CUSIP
Quantity
Security Description
Principal Amount
Income
Total Amount
07/15/2023
Paydown
47789QAC4
337,497.31
John Deere Owner Trust
2021
-B A
3 0.52%
Due
3/16/2026
16,056.57
146.25
16,202.82
07/15/2023
Paydown
89238FAD5
335,000.00
Toyota Auto Receivables OT
2022
-B A
3 2.93%
Due
9/15/2026
0.00 817.96
817.96
07/15/2023
Paydown
89240BAC2
86,761.91
Toyota Auto Receivables Owners
2021
-A A
3 0.26%
Due
5/15/2025
9,627.69
18.80 9,646.49
07/15/2023
Paydown
44935FAD6
220,000.00
Hyundai Auto Receivables Trust
2021
-C A
3 0.74%
Due
5/15/2026
11,561.59
135.67
11,697.26
07/15/2023
Paydown
47787JAC2
305,000.00
John Deere Owner Trust
2022
-A A
3 2.32%
Due
9/16/2026
0.00 589.67
589.67
07/15/2023
Paydown
47800AAC4
400,000.00
John Deere Owner Trust
2022
-B A
3 3.74%
Due
2/16/2027
0.00 1,246.67
1,246.67
07/15/2023
Paydown
58769KAD6
309,145.81
Mercedes-Benz Auto Lease Trust
2021
-B A
3 0.4%
Due
11/15/2024
44,151.54
103.05
44,254.59
07/16/2023
Interest
78013XZU5
1,150,000.00
Royal Bank of Canada Note
2.55%
Due
7/16/2024
0.00 14,662.50
14,662.50
07/16/2023
Paydown
362585AC5
300,000.00
GM Financial Securitized ART
2022-2
A
3 3.1%
Due
2/16/2027
0.00 775.00
775.00
07/16/2023
Paydown
362554AC1
235,000.00
GM Financial Securitized Term
2021-4
A
3 0.68%
Due
9/16/2026
11,164.38
133.17
11,297.55
07/16/2023
Paydown
380146AC4
200,000.00
GM Financial Auto Receivables
2022-1
A
3 1.26%
Due
11/16/2026
0.00 210.00
210.00
07/17/2023
Dividend
90LAIF$00
5,102,856,339.74
Local Agency Investment Fund State Pool
0.00 420,649.81
420,649.81
07/18/2023
Paydown
43813KAC6
114,414.00
Honda Auto Receivables Trust
2020-3
A
3 0.37%
Due
10/18/2024
22,868.69
35.28 22,903.97
07/20/2023
Interest
06051GGF0
1,000,000.00
Bank of America Corp Callable Note
1/20/2027
3.824%
Due
1/20/2028
0.00 19,120.00
19,120.00
07/20/2023
Paydown
36266FAC3
390,000.00
GM Financial Auto Lease Trust
2022-2
A
3 3.42%
Due
6/20/2025
0.00 1,111.50
1,111.50
07/20/2023
Paydown
3137BFE98
0.00 FHLMC K
041
A
2 3.171%
Due
10/25/2024
0.00 2,114.00
2,114.00
07/20/2023
Paydown
36265MAC9
640,000.00
GM Financial Auto Lease Trust
2022-1
A
3 1.9%
Due
3/20/2025
0.00 1,013.33
1,013.33
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Cash Flow Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
Payment Date
Transaction Type
CUSIP
Quantity
Security Description
Principal Amount
Income
Total Amount
07/20/2023
Paydown
92290BAA9
95,059.60
Verizon Owner Trust
2020
-B A
0.47%
Due
2/20/2025
4,735.32
37.23 4,772.55
07/20/2023
Paydown
92348KAV5
350,000.00
Verizon Master Trust
2022-5
A
1 A
3.72%
Due
7/20/2027
0.00 1,085.00
1,085.00
07/21/2023
Interest
90331HPL1
1,150,000.00
US Bank NA Callable Note Cont
12/21/2024
2.05%
Due
1/21/2025
0.00 11,787.50
11,787.50
07/21/2023
Interest
3137EAEU9
1,075,000.00
FHLMC Note
0.375%
Due
7/21/2025
0.00 2,015.63
2,015.63
07/21/2023
Paydown
43813RAC1
4,107.31
Honda Auto Receivables
2020-1
A
3 1.61%
Due
4/22/2024
370.89
5.51 376.40
07/21/2023
Paydown
43815GAC3
310,000.00
Honda Auto Receivables Trust
2021-4
A
3 0.88%
Due
1/21/2026
15,465.67
227.33
15,693.00
07/25/2023
Paydown
05601XAC3
249,212.06
BMW Vehicle Lease Trust
2022-1
A
3 1.1%
Due
3/25/2025
27,208.27
228.44
27,436.71
07/25/2023
Paydown
09690AAC7
130,166.64
BMW Vehicle Lease Trust
2021-2
A
3 0.33%
Due
12/26/2024
21,681.33
35.80 21,717.13
07/25/2023
Paydown
05602RAD3
325,000.00
BMW Vehicle Owner Trust
2022
-A A
3 3.21%
Due
8/25/2026
0.00 869.38
869.38
07/25/2023
Paydown
3137BFE98
800,000.00
FHLMC K
041
A
2 3.171%
Due
10/25/2024
0.00 2,114.00
2,114.00
07/25/2023
Paydown
3137FG6X8
1,835,000.00
FHLMC K
077
A
2 3.85%
Due
5/25/2028
27,915.50
5,887.29
33,802.79
07/26/2023
Interest
3133EKWV4
500,000.00
FFCB Note
1.85%
Due
7/26/2024
0.00 4,625.00
4,625.00
07/31/2023
Interest
912828Z78
500,000.00
US Treasury Note
1.5%
Due
1/31/2027
0.00 3,750.00
3,750.00
07/31/2023
Interest
9128285Z9
1,000,000.00
US Treasury Note
2.5%
Due
1/31/2024
0.00 12,500.00
12,500.00
07/31/2023
Interest
91282CCP4
1,000,000.00
US Treasury Note
0.625%
Due
7/31/2026
0.00 3,125.00
3,125.00
07/31/2023
Maturity
912828S92
1,000,000.00
US Treasury Note
1.25%
Due
7/31/2023
1,000,000.00
6,250.00
1,006,250.00
JUL 2023
1,313,442.40
598,390.42
1,911,832.82
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Cash Flow Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
Payment Date
Transaction Type
CUSIP
Quantity
Security Description
Principal Amount
Income
Total Amount
08/06/2023
Interest
756109BD5
750,000.00
Realty Income Corp Callable Note Cont
11/6/2023
4.6%
Due
2/6/2024
0.00 17,250.00
17,250.00
08/07/2023
Interest
06406RAB3
1,000,000.00
Bank of NY Mellon Corp Callable Note
1 X
2/7/2027
3.442%
Due
2/7/2028
0.00 17,210.00
17,210.00
08/07/2023
Interest
637432NL5
250,000.00
National Rural Utilities Callable Note Cont
12/7/2023
2.95%
Due
2/7/2024
0.00 3,687.50
3,687.50
08/11/2023
Maturity
06406RAJ6
250,000.00
Bank of NY Mellon Corp Note
3.45%
Due
8/11/2023
250,000.00
4,312.50
254,312.50
08/12/2023
Interest
14913R3A3
700,000.00
Caterpillar Financial Service Note
3.6%
Due
8/12/2027
0.00 12,600.00
12,600.00
08/12/2023
Interest
3137EAEP0
2,040,000.00
FHLMC Note
1.5%
Due
2/12/2025
0.00 15,300.00
15,300.00
08/15/2023
Interest
912828B66
1,000,000.00
US Treasury Note
2.75%
Due
2/15/2024
0.00 13,750.00
13,750.00
08/15/2023
Interest
9128283W8
1,250,000.00
US Treasury Note
2.75%
Due
2/15/2028
0.00 17,187.50
17,187.50
08/15/2023
Interest
912828J27
1,850,000.00
US Treasury Note
2%
Due
2/15/2025
0.00 18,500.00
18,500.00
08/15/2023
Interest
912828V98
1,250,000.00
US Treasury Note
2.25%
Due
2/15/2027
0.00 14,062.50
14,062.50
08/15/2023
Interest
437076BC5
250,000.00
Home Depot Callable Note Cont
11/15/2023
3.75%
Due
2/15/2024
0.00 4,687.50
4,687.50
08/15/2023
Paydown
44935FAD6
220,000.00
Hyundai Auto Receivables Trust
2021
-C A
3 0.74%
Due
5/15/2026
11,563.51
128.54
11,692.05
08/15/2023
Paydown
47787JAC2
305,000.00
John Deere Owner Trust
2022
-A A
3 2.32%
Due
9/16/2026
0.00 589.67
589.67
08/15/2023
Paydown
47788UAC6
141,277.22
John Deere Owner Trust
2021
-A A
3 0.36%
Due
9/15/2025
8,811.19
39.74 8,850.93
08/15/2023
Paydown
02582JJT8
840,000.00
American Express Credit Trust
2022-2
A
3.39%
Due
5/17/2027
0.00 2,373.00
2,373.00
08/15/2023
Paydown
44933LAC7
239,715.85
Hyundai Auto Receivables Trust
2021
-A A
3 0.38%
Due
9/15/2025
21,764.03
69.02 21,833.05
08/15/2023
Paydown
47787NAC3
20,780.32
John Deere Owner Trust
2020
-B A
3 0.51%
Due
11/15/2024
2,966.29
7.57 2,973.86
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Cash Flow Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
Payment Date
Transaction Type
CUSIP
Quantity
Security Description
Principal Amount
Income
Total Amount
08/15/2023
Paydown
47789QAC4
337,497.31
John Deere Owner Trust
2021
-B A
3 0.52%
Due
3/16/2026
16,058.05
139.29
16,197.34
08/15/2023
Paydown
89237VAB5
16,284.68
Toyota Auto Receivables Trust
2020
-C A
3 0.44%
Due
10/15/2024
1,015.37
5.60 1,020.97
08/15/2023
Paydown
89238FAD5
335,000.00
Toyota Auto Receivables OT
2022
-B A
3 2.93%
Due
9/15/2026
0.00 817.96
817.96
08/15/2023
Paydown
89240BAC2
86,761.91
Toyota Auto Receivables Owners
2021
-A A
3 0.26%
Due
5/15/2025
9,630.82
16.71 9,647.53
08/15/2023
Paydown
02582JJZ4
375,000.00
American Express Credit Trust
2023-1
A
4.87%
Due
5/15/2028
0.00 1,521.88
1,521.88
08/15/2023
Paydown
44891RAC4
175,342.28
Hyundai Auto Receivables Trust
2020
-C A
3 0.38%
Due
5/15/2025
21,897.70
48.59 21,946.29
08/15/2023
Paydown
44934KAC8
659,802.80
Hyundai Auto Receivables Trust
2021
-B A
3 0.38%
Due
1/15/2026
43,962.66
195.02
44,157.68
08/15/2023
Paydown
47789KAC7
3,438.34
John Deere Owner Trust
2020
-A A
3 1.1%
Due
8/15/2024
241.90
2.93 244.83
08/15/2023
Paydown
43815BAC4
500,000.00
Honda Auto Receivables Trust
2022-1
A
3 1.88%
Due
5/15/2026
0.00 783.33
783.33
08/15/2023
Paydown
47800AAC4
400,000.00
John Deere Owner Trust
2022
-B A
3 3.74%
Due
2/16/2027
0.00 1,246.67
1,246.67
08/15/2023
Paydown
58768PAC8
915,000.00
Mercedes-Benz Auto Receivables
2022-1
A
3 5.21%
Due
8/16/2027
0.00 3,972.63
3,972.63
08/15/2023
Paydown
58769KAD6
309,145.81
Mercedes-Benz Auto Lease Trust
2021
-B A
3 0.4%
Due
11/15/2024
44,155.59
88.33 44,243.92
08/16/2023
Paydown
362554AC1
235,000.00
GM Financial Securitized Term
2021-4
A
3 0.68%
Due
9/16/2026
11,166.99
126.84
11,293.83
08/16/2023
Paydown
362585AC5
300,000.00
GM Financial Securitized ART
2022-2
A
3 3.1%
Due
2/16/2027
0.00 775.00
775.00
08/16/2023
Paydown
380146AC4
200,000.00
GM Financial Auto Receivables
2022-1
A
3 1.26%
Due
11/16/2026
0.00 210.00
210.00
08/18/2023
Paydown
43813KAC6
114,414.00
Honda Auto Receivables Trust
2020-3
A
3 0.37%
Due
10/18/2024
22,875.74
28.23 22,903.97
08/20/2023
Paydown
36266FAC3
390,000.00
GM Financial Auto Lease Trust
2022-2
A
3 3.42%
Due
6/20/2025
0.00 1,111.50
1,111.50
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Cash Flow Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
Payment Date
Transaction Type
CUSIP
Quantity
Security Description
Principal Amount
Income
Total Amount
08/20/2023
Paydown
92348KAV5
350,000.00
Verizon Master Trust
2022-5
A
1 A
3.72%
Due
7/20/2027
0.00 1,085.00
1,085.00
08/20/2023
Paydown
36265MAC9
640,000.00
GM Financial Auto Lease Trust
2022-1
A
3 1.9%
Due
3/20/2025
0.00 1,013.33
1,013.33
08/20/2023
Paydown
92290BAA9
95,059.60
Verizon Owner Trust
2020
-B A
0.47%
Due
2/20/2025
4,737.17
35.38 4,772.55
08/21/2023
Paydown
43815GAC3
310,000.00
Honda Auto Receivables Trust
2021-4
A
3 0.88%
Due
1/21/2026
15,469.28
215.99
15,685.27
08/21/2023
Paydown
43813RAC1
4,107.31
Honda Auto Receivables
2020-1
A
3 1.61%
Due
4/22/2024
371.39
5.01 376.40
08/25/2023
Interest
3135G05X7
1,700,000.00
FNMA Note
0.375%
Due
8/25/2025
0.00 3,187.50
3,187.50
08/25/2023
Paydown
3137FG6X8
1,835,000.00
FHLMC K
077
A
2 3.85%
Due
5/25/2028
28,017.85
5,797.73
33,815.58
08/25/2023
Paydown
05601XAC3
249,212.06
BMW Vehicle Lease Trust
2022-1
A
3 1.1%
Due
3/25/2025
27,327.53
203.50
27,531.03
08/25/2023
Paydown
3137BFE98
800,000.00
FHLMC K
041
A
2 3.171%
Due
10/25/2024
0.00 2,114.00
2,114.00
08/25/2023
Paydown
05602RAD3
325,000.00
BMW Vehicle Owner Trust
2022
-A A
3 3.21%
Due
8/25/2026
0.00 869.38
869.38
08/25/2023
Paydown
09690AAC7
130,166.64
BMW Vehicle Lease Trust
2021-2
A
3 0.33%
Due
12/26/2024
21,686.58
29.83 21,716.41
08/31/2023
Interest
9128283Z1
700,000.00
US Treasury Note
2.75%
Due
2/28/2025
0.00 9,625.00
9,625.00
08/31/2023
Interest
91282CCW9
2,250,000.00
US Treasury Note
0.75%
Due
8/31/2026
0.00 8,437.50
8,437.50
08/31/2023
Interest
91282CFH9
1,000,000.00
US Treasury Note
3.125%
Due
8/31/2027
0.00 15,625.00
15,625.00
08/31/2023
Interest
912828ZC7
1,500,000.00
US Treasury Note
1.125%
Due
2/28/2025
0.00 8,437.50
8,437.50
08/31/2023
Maturity
9128284X5
1,000,000.00
US Treasury Note
2.75%
Due
8/31/2023
1,000,000.00
13,750.00
1,013,750.00
AUG 2023
1,563,719.64
223,277.20
1,786,996.84
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Cash Flow Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
Payment Date
Transaction Type
CUSIP
Quantity
Security Description
Principal Amount
Income
Total Amount
09/03/2023
Interest
808513BY0
1,000,000.00
Charles Schwab Corp Callable Note Cont
2/3/2027
2.45%
Due
3/3/2027
0.00 12,250.00
12,250.00
09/04/2023
Interest
17275RAN2
250,000.00
Cisco Systems Note
3.625%
Due
3/4/2024
0.00 4,531.25
4,531.25
09/07/2023
Interest
24422EUX5
250,000.00
John Deere Capital Corp Note
2.6%
Due
3/7/2024
0.00 3,250.00
3,250.00
09/08/2023
Interest
3130A0XE5
750,000.00
FHLB Note
3.25%
Due
3/8/2024
0.00 12,187.50
12,187.50
09/09/2023
Interest
931142EX7
500,000.00
Wal-Mart Stores Callable Note Cont
09/09/2027
3.95%
Due
9/9/2027
0.00 9,875.00
9,875.00
09/11/2023
Interest
89114QCB2
750,000.00
Toronto Dominion Bank Note
3.25%
Due
3/11/2024
0.00 12,187.50
12,187.50
09/13/2023
Interest
3130A2UW4
500,000.00
FHLB Note
2.875%
Due
9/13/2024
0.00 7,187.50
7,187.50
09/14/2023
Interest
3130A4CH3
1,750,000.00
FHLB Note
2.375%
Due
3/14/2025
0.00 20,781.25
20,781.25
09/15/2023
Interest
00440EAS6
1,150,000.00
Chubb INA Holdings Inc Note
3.15%
Due
3/15/2025
0.00 18,112.50
18,112.50
09/15/2023
Interest
084664CZ2
1,095,000.00
Berkshire Hathaway Callable Note Cont
2/15/2027
2.3%
Due
3/15/2027
0.00 12,592.50
12,592.50
09/15/2023
Paydown
44935FAD6
220,000.00
Hyundai Auto Receivables Trust
2021
-C A
3 0.74%
Due
5/15/2026
11,565.44
121.41
11,686.85
09/15/2023
Paydown
47787JAC2
305,000.00
John Deere Owner Trust
2022
-A A
3 2.32%
Due
9/16/2026
0.00 589.67
589.67
09/15/2023
Paydown
47789KAC7
3,438.34
John Deere Owner Trust
2020
-A A
3 1.1%
Due
8/15/2024
242.56
2.71 245.27
09/15/2023
Paydown
89237VAB5
16,284.68
Toyota Auto Receivables Trust
2020
-C A
3 0.44%
Due
10/15/2024
1,015.74
5.23 1,020.97
09/15/2023
Paydown
89238FAD5
335,000.00
Toyota Auto Receivables OT
2022
-B A
3 2.93%
Due
9/15/2026
0.00 817.96
817.96
09/15/2023
Paydown
02582JJT8
840,000.00
American Express Credit Trust
2022-2
A
3.39%
Due
5/17/2027
0.00 2,373.00
2,373.00
09/15/2023
Paydown
47787NAC3
20,780.32
John Deere Owner Trust
2020
-B A
3 0.51%
Due
11/15/2024
2,967.45
6.31 2,973.76
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Cash Flow Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
Payment Date
Transaction Type
CUSIP
Quantity
Security Description
Principal Amount
Income
Total Amount
09/15/2023
Paydown
47788UAC6
141,277.22
John Deere Owner Trust
2021
-A A
3 0.36%
Due
9/15/2025
8,814.05
37.10 8,851.15
09/15/2023
Paydown
47789QAC4
337,497.31
John Deere Owner Trust
2021
-B A
3 0.52%
Due
3/16/2026
16,059.52
132.33
16,191.85
09/15/2023
Paydown
58769KAD6
309,145.81
Mercedes-Benz Auto Lease Trust
2021
-B A
3 0.4%
Due
11/15/2024
44,159.64
73.61 44,233.25
09/15/2023
Paydown
89240BAC2
86,761.91
Toyota Auto Receivables Owners
2021
-A A
3 0.26%
Due
5/15/2025
9,633.94
14.63 9,648.57
09/15/2023
Paydown
02582JJZ4
375,000.00
American Express Credit Trust
2023-1
A
4.87%
Due
5/15/2028
0.00 1,521.88
1,521.88
09/15/2023
Paydown
44891RAC4
175,342.28
Hyundai Auto Receivables Trust
2020
-C A
3 0.38%
Due
5/15/2025
21,905.73
41.66 21,947.39
09/15/2023
Paydown
44933LAC7
239,715.85
Hyundai Auto Receivables Trust
2021
-A A
3 0.38%
Due
9/15/2025
21,771.10
62.13 21,833.23
09/15/2023
Paydown
43815BAC4
500,000.00
Honda Auto Receivables Trust
2022-1
A
3 1.88%
Due
5/15/2026
0.00 783.33
783.33
09/15/2023
Paydown
44934KAC8
659,802.80
Hyundai Auto Receivables Trust
2021
-B A
3 0.38%
Due
1/15/2026
43,966.69
181.10
44,147.79
09/15/2023
Paydown
47800AAC4
400,000.00
John Deere Owner Trust
2022
-B A
3 3.74%
Due
2/16/2027
0.00 1,246.67
1,246.67
09/15/2023
Paydown
58768PAC8
915,000.00
Mercedes-Benz Auto Receivables
2022-1
A
3 5.21%
Due
8/16/2027
0.00 3,972.63
3,972.63
09/16/2023
Interest
46647PBS4
250,000.00
JP Morgan Chase & Co Callable Note Cont
9/16/2023
0.653%
Due
9/16/2024
0.00 816.25
816.25
09/16/2023
Paydown
380146AC4
200,000.00
GM Financial Auto Receivables
2022-1
A
3 1.26%
Due
11/16/2026
9,113.04
210.00
9,323.04
09/16/2023
Paydown
362585AC5
300,000.00
GM Financial Securitized ART
2022-2
A
3 3.1%
Due
2/16/2027
0.00 775.00
775.00
09/16/2023
Paydown
362554AC1
235,000.00
GM Financial Securitized Term
2021-4
A
3 0.68%
Due
9/16/2026
11,169.60
120.51
11,290.11
09/17/2023
Interest
931142ER0
240,000.00
Wal-Mart Stores Callable Note Cont
08/17/2026
1.05%
Due
9/17/2026
0.00 1,260.00
1,260.00
09/18/2023
Paydown
43813KAC6
114,414.00
Honda Auto Receivables Trust
2020-3
A
3 0.37%
Due
10/18/2024
22,882.80
21.17 22,903.97
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Cash Flow Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
Payment Date
Transaction Type
CUSIP
Quantity
Security Description
Principal Amount
Income
Total Amount
09/20/2023
Paydown
92348KAV5
350,000.00
Verizon Master Trust
2022-5
A
1 A
3.72%
Due
7/20/2027
0.00 1,085.00
1,085.00
09/20/2023
Paydown
36266FAC3
390,000.00
GM Financial Auto Lease Trust
2022-2
A
3 3.42%
Due
6/20/2025
0.00 1,111.50
1,111.50
09/20/2023
Paydown
36265MAC9
640,000.00
GM Financial Auto Lease Trust
2022-1
A
3 1.9%
Due
3/20/2025
78,780.72
1,013.33
79,794.05
09/20/2023
Paydown
92290BAA9
95,059.60
Verizon Owner Trust
2020
-B A
0.47%
Due
2/20/2025
4,739.03
33.52 4,772.55
09/21/2023
Paydown
43815GAC3
310,000.00
Honda Auto Receivables Trust
2021-4
A
3 0.88%
Due
1/21/2026
15,472.89
204.65
15,677.54
09/21/2023
Paydown
43813RAC1
4,107.31
Honda Auto Receivables
2020-1
A
3 1.61%
Due
4/22/2024
371.89
4.51 376.40
09/23/2023
Interest
3137EAEX3
1,560,000.00
FHLMC Note
0.375%
Due
9/23/2025
0.00 2,925.00
2,925.00
09/25/2023
Paydown
05602RAD3
325,000.00
BMW Vehicle Owner Trust
2022
-A A
3 3.21%
Due
8/25/2026
0.00 869.38
869.38
09/25/2023
Paydown
3137BFE98
800,000.00
FHLMC K
041
A
2 3.171%
Due
10/25/2024
0.00 2,114.00
2,114.00
09/25/2023
Paydown
05601XAC3
249,212.06
BMW Vehicle Lease Trust
2022-1
A
3 1.1%
Due
3/25/2025
27,447.32
178.45
27,625.77
09/25/2023
Paydown
09690AAC7
130,166.64
BMW Vehicle Lease Trust
2021-2
A
3 0.33%
Due
12/26/2024
21,691.82
23.87 21,715.69
09/25/2023
Paydown
3137FG6X8
1,835,000.00
FHLMC K
077
A
2 3.85%
Due
5/25/2028
28,120.58
5,707.84
33,828.42
09/28/2023
Maturity
912796CS6
20,000,000.00
US Treasury Bill
4.685%
Due
9/28/2023
19,528,897.22
471,102.78
20,000,000.00
09/30/2023
Interest
91282CEG2
750,000.00
US Treasury Note
2.25%
Due
3/31/2024
0.00 8,437.50
8,437.50
09/30/2023
Interest
91282CFM8
1,000,000.00
US Treasury Note
4.125%
Due
9/30/2027
0.00 20,625.00
20,625.00
09/30/2023
Interest
912828YH7
2,000,000.00
US Treasury Note
1.5%
Due
9/30/2024
0.00 15,000.00
15,000.00
09/30/2023
Interest
91282CGT2
1,750,000.00
US Treasury Note
3.625%
Due
3/31/2028
0.00 31,718.75
31,718.75
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Cash Flow Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
Payment Date
Transaction Type
CUSIP
Quantity
Security Description
Principal Amount
Income
Total Amount
09/30/2023
Interest
91282CEF4
1,250,000.00
US Treasury Note
2.5%
Due
3/31/2027
0.00 15,625.00
15,625.00
09/30/2023
Interest
91282CBT7
1,500,000.00
US Treasury Note
0.75%
Due
3/31/2026
0.00 5,625.00
5,625.00
SEP 2023
19,930,788.77
711,546.37
20,642,335.14
10/13/2023
Interest
023135CF1
750,000.00
Amazon.com Inc Callable Note Cont
3/13/2027
3.3%
Due
4/13/2027
0.00 12,375.00
12,375.00
10/14/2023
Interest
3130AJHU6
1,900,000.00
FHLB Note
0.5%
Due
4/14/2025
0.00 4,750.00
4,750.00
10/15/2023
Interest
91282CBV2
750,000.00
US Treasury Note
0.375%
Due
4/15/2024
0.00 1,406.25
1,406.25
10/15/2023
Interest
46647PBF2
1,150,000.00
JP Morgan Chase & Co Callable Note
1 X
10/15/2024
2.301%
Due
10/15/2025
0.00 13,230.75
13,230.75
10/15/2023
Interest
74340XBN0
1,000,000.00
Prologis LP Callable Note Cont
2/15/2027
2.125%
Due
4/15/2027
0.00 10,625.00
10,625.00
10/15/2023
Interest
3135G0W66
500,000.00
FNMA Note
1.625%
Due
10/15/2024
0.00 4,062.50
4,062.50
10/15/2023
Interest
20030NCR0
250,000.00
Comcast Corp Callable Note Cont
3/15/2024
3.7%
Due
4/15/2024
0.00 4,625.00
4,625.00
10/15/2023
Paydown
47787JAC2
305,000.00
John Deere Owner Trust
2022
-A A
3 2.32%
Due
9/16/2026
12,521.78
589.67
13,111.45
10/15/2023
Paydown
47789KAC7
3,438.34
John Deere Owner Trust
2020
-A A
3 1.1%
Due
8/15/2024
243.23
2.49 245.72
10/15/2023
Paydown
44935FAD6
220,000.00
Hyundai Auto Receivables Trust
2021
-C A
3 0.74%
Due
5/15/2026
11,567.37
114.27
11,681.64
10/15/2023
Paydown
02582JJZ4
375,000.00
American Express Credit Trust
2023-1
A
4.87%
Due
5/15/2028
0.00 1,521.88
1,521.88
10/15/2023
Paydown
02582JJT8
840,000.00
American Express Credit Trust
2022-2
A
3.39%
Due
5/17/2027
0.00 2,373.00
2,373.00
10/15/2023
Paydown
43815BAC4
500,000.00
Honda Auto Receivables Trust
2022-1
A
3 1.88%
Due
5/15/2026
23,974.90
783.33
24,758.23
10/15/2023
Paydown
47787NAC3
20,780.32
John Deere Owner Trust
2020
-B A
3 0.51%
Due
11/15/2024
2,968.62
5.05 2,973.67
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Cash Flow Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
Payment Date
Transaction Type
CUSIP
Quantity
Security Description
Principal Amount
Income
Total Amount
10/15/2023
Paydown
47789QAC4
337,497.31
John Deere Owner Trust
2021
-B A
3 0.52%
Due
3/16/2026
16,060.99
125.37
16,186.36
10/15/2023
Paydown
58769KAD6
309,145.81
Mercedes-Benz Auto Lease Trust
2021
-B A
3 0.4%
Due
11/15/2024
44,163.69
58.89 44,222.58
10/15/2023
Paydown
89237VAB5
16,284.68
Toyota Auto Receivables Trust
2020
-C A
3 0.44%
Due
10/15/2024
1,016.12
4.85 1,020.97
10/15/2023
Paydown
89238FAD5
335,000.00
Toyota Auto Receivables OT
2022
-B A
3 2.93%
Due
9/15/2026
0.00 817.96
817.96
10/15/2023
Paydown
89240BAC2
86,761.91
Toyota Auto Receivables Owners
2021
-A A
3 0.26%
Due
5/15/2025
9,637.08
12.54 9,649.62
10/15/2023
Paydown
44933LAC7
239,715.85
Hyundai Auto Receivables Trust
2021
-A A
3 0.38%
Due
9/15/2025
21,778.18
55.23 21,833.41
10/15/2023
Paydown
47800AAC4
400,000.00
John Deere Owner Trust
2022
-B A
3 3.74%
Due
2/16/2027
0.00 1,246.67
1,246.67
10/15/2023
Paydown
44891RAC4
175,342.28
Hyundai Auto Receivables Trust
2020
-C A
3 0.38%
Due
5/15/2025
21,913.76
34.72 21,948.48
10/15/2023
Paydown
44934KAC8
659,802.80
Hyundai Auto Receivables Trust
2021
-B A
3 0.38%
Due
1/15/2026
43,970.73
167.17
44,137.90
10/15/2023
Paydown
47788UAC6
141,277.22
John Deere Owner Trust
2021
-A A
3 0.36%
Due
9/15/2025
8,816.92
34.45 8,851.37
10/15/2023
Paydown
58768PAC8
915,000.00
Mercedes-Benz Auto Receivables
2022-1
A
3 5.21%
Due
8/16/2027
0.00 3,972.63
3,972.63
10/16/2023
Paydown
362554AC1
235,000.00
GM Financial Securitized Term
2021-4
A
3 0.68%
Due
9/16/2026
11,172.21
114.18
11,286.39
10/16/2023
Paydown
362585AC5
300,000.00
GM Financial Securitized ART
2022-2
A
3 3.1%
Due
2/16/2027
0.00 775.00
775.00
10/16/2023
Paydown
380146AC4
200,000.00
GM Financial Auto Receivables
2022-1
A
3 1.26%
Due
11/16/2026
9,152.99
200.43
9,353.42
10/17/2023
Interest
89236TDW2
250,000.00
Toyota Motor Credit Corp Note
2.9%
Due
4/17/2024
0.00 3,625.00
3,625.00
10/18/2023
Paydown
43813KAC6
114,414.00
Honda Auto Receivables Trust
2020-3
A
3 0.37%
Due
10/18/2024
22,889.85
14.12 22,903.97
10/20/2023
Paydown
36266FAC3
390,000.00
GM Financial Auto Lease Trust
2022-2
A
3 3.42%
Due
6/20/2025
0.00 1,111.50
1,111.50
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Cash Flow Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
Payment Date
Transaction Type
CUSIP
Quantity
Security Description
Principal Amount
Income
Total Amount
10/20/2023
Paydown
92348KAV5
350,000.00
Verizon Master Trust
2022-5
A
1 A
3.72%
Due
7/20/2027
0.00 1,085.00
1,085.00
10/20/2023
Paydown
36265MAC9
640,000.00
GM Financial Auto Lease Trust
2022-1
A
3 1.9%
Due
3/20/2025
79,126.04
888.60
80,014.64
10/20/2023
Paydown
92290BAA9
95,059.60
Verizon Owner Trust
2020
-B A
0.47%
Due
2/20/2025
4,740.88
31.67 4,772.55
10/21/2023
Paydown
43813RAC1
4,107.31
Honda Auto Receivables
2020-1
A
3 1.61%
Due
4/22/2024
372.38
4.02 376.40
10/21/2023
Paydown
43815GAC3
310,000.00
Honda Auto Receivables Trust
2021-4
A
3 0.88%
Due
1/21/2026
15,476.50
193.30
15,669.80
10/22/2023
Interest
3135G03U5
805,000.00
FNMA Note
0.625%
Due
4/22/2025
0.00 2,515.63
2,515.63
10/22/2023
Interest
46647PBK1
500,000.00
JP Morgan Chase & Co Callable Note Cont
4/22/2025
2.083%
Due
4/22/2026
0.00 5,207.50
5,207.50
10/24/2023
Interest
06051GJH3
250,000.00
Bank of America Corp Callable Note Cont
10/24/2023
0.81%
Due
10/24/2024
0.00 1,012.50
1,012.50
10/25/2023
Paydown
05601XAC3
249,212.06
BMW Vehicle Lease Trust
2022-1
A
3 1.1%
Due
3/25/2025
27,567.63
153.29
27,720.92
10/25/2023
Paydown
3137BFE98
800,000.00
FHLMC K
041
A
2 3.171%
Due
10/25/2024
0.00 2,114.00
2,114.00
10/25/2023
Paydown
09690AAC7
130,166.64
BMW Vehicle Lease Trust
2021-2
A
3 0.33%
Due
12/26/2024
21,697.06
17.90 21,714.96
10/25/2023
Paydown
3137FG6X8
1,835,000.00
FHLMC K
077
A
2 3.85%
Due
5/25/2028
28,223.69
5,617.62
33,841.31
10/25/2023
Paydown
05602RAD3
325,000.00
BMW Vehicle Owner Trust
2022
-A A
3 3.21%
Due
8/25/2026
34,453.17
869.38
35,322.55
10/31/2023
Interest
91282CFU0
1,100,000.00
US Treasury Note
4.125%
Due
10/31/2027
0.00 22,687.50
22,687.50
10/31/2023
Interest
91282CHA2
2,180,000.00
US Treasury Note
3.5%
Due
4/30/2028
0.00 38,150.00
38,150.00
10/31/2023
Interest
91282CBW0
1,000,000.00
US Treasury Note
0.75%
Due
4/30/2026
0.00 3,750.00
3,750.00
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Cash Flow Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
Payment Date
Transaction Type
CUSIP
Quantity
Security Description
Principal Amount
Income
Total Amount
10/31/2023
Interest
91282CEN7
2,500,000.00
US Treasury Note
2.75%
Due
4/30/2027
0.00 34,375.00
34,375.00
10/31/2023
Interest
91282CDG3
3,000,000.00
US Treasury Note
1.125%
Due
10/31/2026
0.00 16,875.00
16,875.00
10/31/2023
Maturity
912828T91
1,000,000.00
US Treasury Note
1.625%
Due
10/31/2023
1,000,000.00
8,125.00
1,008,125.00
OCT 2023
1,473,505.77
212,507.81
1,686,013.58
11/01/2023
Interest
06367WB85
1,150,000.00
Bank of Montreal Note
1.85%
Due
5/1/2025
0.00 10,637.50
10,637.50
11/07/2023
Interest
3135G06G3
1,680,000.00
FNMA Note
0.5%
Due
11/7/2025
0.00 4,200.00
4,200.00
11/08/2023
Interest
14913Q3B3
650,000.00
Caterpillar Finl Service Note
2.15%
Due
11/8/2024
0.00 6,987.50
6,987.50
11/10/2023
Interest
037833ET3
205,000.00
Apple Inc Callable Note Cont
4/10/2028
4%
Due
5/10/2028
0.00 4,100.00
4,100.00
11/13/2023
Interest
14913R2V8
445,000.00
Caterpillar Financial Service Note
3.4%
Due
5/13/2025
0.00 7,565.00
7,565.00
11/15/2023
Interest
91324PEC2
1,245,000.00
United Health Group Inc Callable Note Cont
4/15/2026
1.15%
Due
5/15/2026
0.00 7,158.75
7,158.75
11/15/2023
Interest
927804GH1
250,000.00
Virginia Electric Power Corp Callable Note Cont.
4/15/2027
3.75%
Due
5/15/2027
0.00 4,687.50
4,687.50
11/15/2023
Interest
00440EAR8
750,000.00
Chubb INA Holdings Inc Note
3.35%
Due
5/15/2024
0.00 12,562.50
12,562.50
11/15/2023
Interest
91324PEB4
250,000.00
United Health Group Inc Callable Note Cont
5/15/2022
0.55%
Due
5/15/2024
0.00 687.50
687.50
11/15/2023
Paydown
43815BAC4
500,000.00
Honda Auto Receivables Trust
2022-1
A
3 1.88%
Due
5/15/2026
24,079.99
745.77
24,825.76
11/15/2023
Paydown
44934KAC8
659,802.80
Hyundai Auto Receivables Trust
2021
-B A
3 0.38%
Due
1/15/2026
43,974.75
153.25
44,128.00
11/15/2023
Paydown
47789KAC7
3,438.34
John Deere Owner Trust
2020
-A A
3 1.1%
Due
8/15/2024
243.90
2.26 246.16
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Cash Flow Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
Payment Date
Transaction Type
CUSIP
Quantity
Security Description
Principal Amount
Income
Total Amount
11/15/2023
Paydown
58768PAC8
915,000.00
Mercedes-Benz Auto Receivables
2022-1
A
3 5.21%
Due
8/16/2027
0.00 3,972.63
3,972.63
11/15/2023
Paydown
89237VAB5
16,284.68
Toyota Auto Receivables Trust
2020
-C A
3 0.44%
Due
10/15/2024
1,016.49
4.48 1,020.97
11/15/2023
Paydown
89238FAD5
335,000.00
Toyota Auto Receivables OT
2022
-B A
3 2.93%
Due
9/15/2026
15,636.06
817.96
16,454.02
11/15/2023
Paydown
44935FAD6
220,000.00
Hyundai Auto Receivables Trust
2021
-C A
3 0.74%
Due
5/15/2026
11,569.30
107.14
11,676.44
11/15/2023
Paydown
47787JAC2
305,000.00
John Deere Owner Trust
2022
-A A
3 2.32%
Due
9/16/2026
12,537.85
565.46
13,103.31
11/15/2023
Paydown
47800AAC4
400,000.00
John Deere Owner Trust
2022
-B A
3 3.74%
Due
2/16/2027
0.00 1,246.67
1,246.67
11/15/2023
Paydown
58769KAD6
309,145.81
Mercedes-Benz Auto Lease Trust
2021
-B A
3 0.4%
Due
11/15/2024
44,167.74
44.17 44,211.91
11/15/2023
Paydown
02582JJT8
840,000.00
American Express Credit Trust
2022-2
A
3.39%
Due
5/17/2027
0.00 2,373.00
2,373.00
11/15/2023
Paydown
02582JJZ4
375,000.00
American Express Credit Trust
2023-1
A
4.87%
Due
5/15/2028
0.00 1,521.88
1,521.88
11/15/2023
Paydown
44891RAC4
175,342.28
Hyundai Auto Receivables Trust
2020
-C A
3 0.38%
Due
5/15/2025
21,921.80
27.78 21,949.58
11/15/2023
Paydown
44933LAC7
239,715.85
Hyundai Auto Receivables Trust
2021
-A A
3 0.38%
Due
9/15/2025
21,785.26
48.34 21,833.60
11/15/2023
Paydown
47787NAC3
20,780.32
John Deere Owner Trust
2020
-B A
3 0.51%
Due
11/15/2024
2,969.78
3.79 2,973.57
11/15/2023
Paydown
47788UAC6
141,277.22
John Deere Owner Trust
2021
-A A
3 0.36%
Due
9/15/2025
8,819.78
31.81 8,851.59
11/15/2023
Paydown
47789QAC4
337,497.31
John Deere Owner Trust
2021
-B A
3 0.52%
Due
3/16/2026
16,062.47
118.41
16,180.88
11/15/2023
Paydown
89240BAC2
86,761.91
Toyota Auto Receivables Owners
2021
-A A
3 0.26%
Due
5/15/2025
9,640.21
10.45 9,650.66
11/16/2023
Maturity
912797FK8
5,000,000.00
US Treasury Bill
5.185%
Due
11/16/2023
4,884,777.78
115,222.22
5,000,000.00
11/16/2023
Paydown
362554AC1
235,000.00
GM Financial Securitized Term
2021-4
A
3 0.68%
Due
9/16/2026
11,174.81
107.85
11,282.66
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Cash Flow Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
Payment Date
Transaction Type
CUSIP
Quantity
Security Description
Principal Amount
Income
Total Amount
11/16/2023
Paydown
380146AC4
200,000.00
GM Financial Auto Receivables
2022-1
A
3 1.26%
Due
11/16/2026
9,193.11
190.82
9,383.93
11/16/2023
Paydown
362585AC5
300,000.00
GM Financial Securitized ART
2022-2
A
3 3.1%
Due
2/16/2027
0.00 775.00
775.00
11/18/2023
Paydown
43813KAC6
114,414.00
Honda Auto Receivables Trust
2020-3
A
3 0.37%
Due
10/18/2024
22,896.91
7.06 22,903.97
11/20/2023
Interest
747525AT0
250,000.00
Qualcomm Inc Callable Note Cont
3/20/2024
2.9%
Due
5/20/2024
0.00 3,625.00
3,625.00
11/20/2023
Interest
747525AT0
1,150,000.00
Qualcomm Inc Callable Note Cont
3/20/2024
2.9%
Due
5/20/2024
0.00 16,675.00
16,675.00
11/20/2023
Paydown
36265MAC9
640,000.00
GM Financial Auto Lease Trust
2022-1
A
3 1.9%
Due
3/20/2025
79,472.88
763.31
80,236.19
11/20/2023
Paydown
92290BAA9
95,059.60
Verizon Owner Trust
2020
-B A
0.47%
Due
2/20/2025
4,742.74
29.81 4,772.55
11/20/2023
Paydown
36266FAC3
390,000.00
GM Financial Auto Lease Trust
2022-2
A
3 3.42%
Due
6/20/2025
0.00 1,111.50
1,111.50
11/20/2023
Paydown
92348KAV5
350,000.00
Verizon Master Trust
2022-5
A
1 A
3.72%
Due
7/20/2027
0.00 1,085.00
1,085.00
11/21/2023
Paydown
43815GAC3
310,000.00
Honda Auto Receivables Trust
2021-4
A
3 0.88%
Due
1/21/2026
15,480.11
181.95
15,662.06
11/21/2023
Paydown
43813RAC1
4,107.31
Honda Auto Receivables
2020-1
A
3 1.61%
Due
4/22/2024
372.88
3.52 376.40
11/25/2023
Paydown
05601XAC3
249,212.06
BMW Vehicle Lease Trust
2022-1
A
3 1.1%
Due
3/25/2025
27,688.47
128.02
27,816.49
11/25/2023
Paydown
09690AAC7
130,166.64
BMW Vehicle Lease Trust
2021-2
A
3 0.33%
Due
12/26/2024
21,702.30
11.94 21,714.24
11/25/2023
Paydown
05602RAD3
325,000.00
BMW Vehicle Owner Trust
2022
-A A
3 3.21%
Due
8/25/2026
32,578.59
777.21
33,355.80
11/25/2023
Paydown
3137BFE98
800,000.00
FHLMC K
041
A
2 3.171%
Due
10/25/2024
0.00 2,114.00
2,114.00
11/25/2023
Paydown
3137FG6X8
1,835,000.00
FHLMC K
077
A
2 3.85%
Due
5/25/2028
28,327.18
5,527.07
33,854.25
11/30/2023
Interest
9128283J7
2,000,000.00
US Treasury Note
2.125%
Due
11/30/2024
0.00 21,250.00
21,250.00
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Cash Flow Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
Payment Date
Transaction Type
CUSIP
Quantity
Security Description
Principal Amount
Income
Total Amount
11/30/2023
Interest
91282CAZ4
2,000,000.00
US Treasury Note
0.375%
Due
11/30/2025
0.00 3,750.00
3,750.00
11/30/2023
Interest
61747YEA9
1,240,000.00
Morgan Stanley Callable Note Cont
5/30/2024
0.79%
Due
5/30/2025
0.00 4,898.00
4,898.00
11/30/2023
Interest
91282CER8
750,000.00
US Treasury Note
2.5%
Due
5/31/2024
0.00 9,375.00
9,375.00
11/30/2023
Maturity
91282CDM0
1,000,000.00
US Treasury Note
0.5%
Due
11/30/2023
1,000,000.00
2,500.00
1,002,500.00
NOV 2023
6,372,833.14
260,490.78
6,633,323.92
12/07/2023
Maturity
912797FT9
5,000,000.00
US Treasury Bill
5.152%
Due
12/7/2023
4,870,471.88
129,528.12
5,000,000.00
12/10/2023
Interest
78015K7H1
400,000.00
Royal Bank of Canada Note
1.15%
Due
6/10/2025
0.00 2,300.00
2,300.00
12/12/2023
Interest
3130ATUC9
1,800,000.00
FHLB Note
4.5%
Due
12/12/2025
0.00 40,500.00
40,500.00
12/13/2023
Interest
3130A3GE8
1,850,000.00
FHLB Note
2.75%
Due
12/13/2024
0.00 25,437.50
25,437.50
12/15/2023
Interest
63743HFE7
685,000.00
National Rural Utilities Note
3.45%
Due
6/15/2025
0.00 11,816.25
11,816.25
12/15/2023
Paydown
43815BAC4
500,000.00
Honda Auto Receivables Trust
2022-1
A
3 1.88%
Due
5/15/2026
24,185.53
708.05
24,893.58
12/15/2023
Paydown
47800AAC4
400,000.00
John Deere Owner Trust
2022
-B A
3 3.74%
Due
2/16/2027
0.00 1,246.67
1,246.67
12/15/2023
Paydown
47787JAC2
305,000.00
John Deere Owner Trust
2022
-A A
3 2.32%
Due
9/16/2026
12,553.94
541.22
13,095.16
12/15/2023
Paydown
47788UAC6
141,277.22
John Deere Owner Trust
2021
-A A
3 0.36%
Due
9/15/2025
8,822.65
29.16 8,851.81
12/15/2023
Paydown
58769KAD6
309,145.81
Mercedes-Benz Auto Lease Trust
2021
-B A
3 0.4%
Due
11/15/2024
44,171.78
29.45 44,201.23
12/15/2023
Paydown
02582JJT8
840,000.00
American Express Credit Trust
2022-2
A
3.39%
Due
5/17/2027
0.00 2,373.00
2,373.00
12/15/2023
Paydown
44933LAC7
239,715.85
Hyundai Auto Receivables Trust
2021
-A A
3 0.38%
Due
9/15/2025
21,792.34
41.44 21,833.78
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Cash Flow Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
Payment Date
Transaction Type
CUSIP
Quantity
Security Description
Principal Amount
Income
Total Amount
12/15/2023
Paydown
47787NAC3
20,780.32
John Deere Owner Trust
2020
-B A
3 0.51%
Due
11/15/2024
2,970.94
2.53 2,973.47
12/15/2023
Paydown
47789QAC4
337,497.31
John Deere Owner Trust
2021
-B A
3 0.52%
Due
3/16/2026
16,063.94
111.45
16,175.39
12/15/2023
Paydown
89237VAB5
16,284.68
Toyota Auto Receivables Trust
2020
-C A
3 0.44%
Due
10/15/2024
1,016.86
4.11 1,020.97
12/15/2023
Paydown
89238FAD5
335,000.00
Toyota Auto Receivables OT
2022
-B A
3 2.93%
Due
9/15/2026
15,667.30
779.78
16,447.08
12/15/2023
Paydown
89240BAC2
86,761.91
Toyota Auto Receivables Owners
2021
-A A
3 0.26%
Due
5/15/2025
9,643.34
8.36 9,651.70
12/15/2023
Paydown
02582JJZ4
375,000.00
American Express Credit Trust
2023-1
A
4.87%
Due
5/15/2028
0.00 1,521.88
1,521.88
12/15/2023
Paydown
44891RAC4
175,342.28
Hyundai Auto Receivables Trust
2020
-C A
3 0.38%
Due
5/15/2025
21,929.83
20.84 21,950.67
12/15/2023
Paydown
44934KAC8
659,802.80
Hyundai Auto Receivables Trust
2021
-B A
3 0.38%
Due
1/15/2026
43,978.79
139.32
44,118.11
12/15/2023
Paydown
47789KAC7
3,438.34
John Deere Owner Trust
2020
-A A
3 1.1%
Due
8/15/2024
244.57
2.04 246.61
12/15/2023
Paydown
58768PAC8
915,000.00
Mercedes-Benz Auto Receivables
2022-1
A
3 5.21%
Due
8/16/2027
0.00 3,972.63
3,972.63
12/15/2023
Paydown
44935FAD6
220,000.00
Hyundai Auto Receivables Trust
2021
-C A
3 0.74%
Due
5/15/2026
11,571.22
100.01
11,671.23
12/16/2023
Interest
46647PBS4
250,000.00
JP Morgan Chase & Co Callable Note Cont
9/16/2023
0.653%
Due
9/16/2024
0.00 3,595.76
3,595.76
12/16/2023
Paydown
362585AC5
300,000.00
GM Financial Securitized ART
2022-2
A
3 3.1%
Due
2/16/2027
13,601.79
775.00
14,376.79
12/16/2023
Paydown
380146AC4
200,000.00
GM Financial Auto Receivables
2022-1
A
3 1.26%
Due
11/16/2026
9,233.40
181.17
9,414.57
12/16/2023
Paydown
362554AC1
235,000.00
GM Financial Securitized Term
2021-4
A
3 0.68%
Due
9/16/2026
11,177.42
101.52
11,278.94
12/17/2023
Interest
3135G04Z3
2,020,000.00
FNMA Note
0.5%
Due
6/17/2025
0.00 5,050.00
5,050.00
12/18/2023
Interest
89236TJK2
810,000.00
Toyota Motor Credit Corp Note
1.125%
Due
6/18/2026
0.00 4,556.25
4,556.25
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Cash Flow Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
Payment Date
Transaction Type
CUSIP
Quantity
Security Description
Principal Amount
Income
Total Amount
12/19/2023
Interest
06051GJD2
500,000.00
Bank of America Corp Callable Note Cont
6/19/2025
1.319%
Due
6/19/2026
0.00 3,297.50
3,297.50
12/20/2023
Paydown
36266FAC3
390,000.00
GM Financial Auto Lease Trust
2022-2
A
3 3.42%
Due
6/20/2025
0.00 1,111.50
1,111.50
12/20/2023
Paydown
92348KAV5
350,000.00
Verizon Master Trust
2022-5
A
1 A
3.72%
Due
7/20/2027
0.00 1,085.00
1,085.00
12/20/2023
Paydown
92290BAA9
95,059.60
Verizon Owner Trust
2020
-B A
0.47%
Due
2/20/2025
4,744.60
27.95 4,772.55
12/20/2023
Paydown
36265MAC9
640,000.00
GM Financial Auto Lease Trust
2022-1
A
3 1.9%
Due
3/20/2025
79,821.23
637.48
80,458.71
12/21/2023
Paydown
43813RAC1
4,107.31
Honda Auto Receivables
2020-1
A
3 1.61%
Due
4/22/2024
373.38
3.02 376.40
12/21/2023
Paydown
43815GAC3
310,000.00
Honda Auto Receivables Trust
2021-4
A
3 0.88%
Due
1/21/2026
15,483.72
170.60
15,654.32
12/25/2023
Paydown
3137FG6X8
1,835,000.00
FHLMC K
077
A
2 3.85%
Due
5/25/2028
28,431.05
5,436.18
33,867.23
12/25/2023
Paydown
05601XAC3
249,212.06
BMW Vehicle Lease Trust
2022-1
A
3 1.1%
Due
3/25/2025
27,809.83
102.64
27,912.47
12/25/2023
Paydown
3137BFE98
800,000.00
FHLMC K
041
A
2 3.171%
Due
10/25/2024
0.00 2,114.00
2,114.00
12/25/2023
Paydown
05602RAD3
325,000.00
BMW Vehicle Owner Trust
2022
-A A
3 3.21%
Due
8/25/2026
30,700.37
690.07
31,390.44
12/25/2023
Paydown
09690AAC7
130,166.64
BMW Vehicle Lease Trust
2021-2
A
3 0.33%
Due
12/26/2024
21,707.55
5.97 21,713.52
12/27/2023
Interest
02665WCZ2
1,150,000.00
American Honda Finance Note
2.4%
Due
6/27/2024
0.00 13,800.00
13,800.00
12/31/2023
Interest
91282CEW7
1,400,000.00
US Treasury Note
3.25%
Due
6/30/2027
0.00 22,750.00
22,750.00
12/31/2023
Interest
91282CGC9
1,250,000.00
US Treasury Note
3.875%
Due
12/31/2027
0.00 24,218.75
24,218.75
12/31/2023
Interest
91282CBC4
2,000,000.00
US Treasury Note
0.375%
Due
12/31/2025
0.00 3,750.00
3,750.00
DEC 2023
5,348,169.25
314,674.17
5,662,843.42
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL
Cash Flow Report
As of June 30, 2023
City of Vallejo Consolidated
Account #262
Payment Date
Transaction Type
CUSIP
Quantity
Security Description
Principal Amount
Income
Total Amount
01/07/2024
Interest
3135G0X24
1,835,000.00
FNMA Note
1.625%
Due
1/7/2025
0.00 14,909.38
14,909.38
01/10/2024
Interest
89115A2M3
1,100,000.00
Toronto-Dominion Bank Note
5.156%
Due
1/10/2028
0.00 28,358.00
28,358.00
01/12/2024
Maturity
02665WCT6
250,000.00
American Honda Finance Note
3.55%
Due
1/12/2024
250,000.00
4,437.50
254,437.50
01/15/2024
Interest
87612EBM7
545,000.00
Target Corp Callable Note Cont
12/15/2026
1.95%
Due
1/15/2027
0.00 5,313.75
5,313.75
01/15/2024
Interest
756109AU8
1,000,000.00
Realty Income Corp Callable Note Cont
10/15/2027
3.65%
Due
1/15/2028
0.00 18,250.00
18,250.00
01/15/2024
Interest
79466LAG9
190,000.00
Salesforce.com Inc Callable Note Cont
7/15/2022
0.625%
Due
7/15/2024
0.00 593.75
593.75
01/15/2024
Paydown
02582JJT8
840,000.00
American Express Credit Trust
2022-2
A
3.39%
Due
5/17/2027
0.00 2,373.00
2,373.00
01/15/2024
Paydown
44935FAD6
220,000.00
Hyundai Auto Receivables Trust
2021
-C A
3 0.74%
Due
5/15/2026
11,573.16
92.87 11,666.03
01/15/2024
Paydown
47788UAC6
141,277.22
John Deere Owner Trust
2021
-A A
3 0.36%
Due
9/15/2025
8,825.51
26.52 8,852.03
01/15/2024
Paydown
47800AAC4
400,000.00
John Deere Owner Trust
2022
-B A
3 3.74%
Due
2/16/2027
0.00 1,246.67
1,246.67
01/15/2024
Paydown
58769KAD6
309,145.81
Mercedes-Benz Auto Lease Trust
2021
-B A
3 0.4%
Due
11/15/2024
44,175.83
14.73 44,190.56
01/15/2024
Paydown
89238FAD5
335,000.00
Toyota Auto Receivables OT
2022
-B A
3 2.93%
Due
9/15/2026
15,698.59
741.53
16,440.12
01/15/2024
Paydown
89240BAC2
86,761.91
Toyota Auto Receivables Owners
2021
-A A
3 0.26%
Due
5/15/2025
9,646.48
6.27 9,652.75
01/15/2024
Paydown
43815BAC4
500,000.00
Honda Auto Receivables Trust
2022-1
A
3 1.88%
Due
5/15/2026
24,291.54
670.16
24,961.70
01/15/2024
Paydown
47789QAC4
337,497.31
John Deere Owner Trust
2021
-B A
3 0.52%
Due
3/16/2026
16,065.41
104.49
16,169.90
01/15/2024
Paydown
58768PAC8
915,000.00
Mercedes-Benz Auto Receivables
2022-1
A
3 5.21%
Due
8/16/2027
0.00 3,972.63
3,972.63
01/15/2024
Paydown
89237VAB5
16,284.68
Toyota Auto Receivables Trust
2020
-C A
3 0.44%
Due
10/15/2024
1,017.23
3.74 1,020.97
Execution Time: 7/4/2023 10:35:06 AM
Chandler Asset Management - CONFIDENTIAL