Condensed investment information as of December 31, 2023, is as follows:
Description Par Value of
Portfolio
Fair Value of
Portfolio
Cost Basis of
Portfolio
Percentage
of Portfolio
City of Vallejo:
Local Agency Investment Fund $47,017,597.53 $47,017,597.53 $47,017,597.53 20.30% U.S. Federal Agency Bonds $21,915,000.00 $21,151,543.97 $21,997,314.35 9.13% U.S. Treasury Securities $112,080,000.00 $109,729,238.77 $110,501,175.51 47.38% Corporate Medium-Term Notes $28,760,000.00 $27,922,379.31 $28,522,505.05 12.06% Asset Backed Securities $8,152,661.21 $8,070,068.79 $8,151,375.58 3.48% Collateralized Mortgage Obligations $2,626,455.28 $2,574,400.88 $2,652,681.46 1.11% Money Market Mutual Funds $14,606,491.66 $14,606,491.66 $14,606,491.66 6.31% Supranational Obligations $520,000.00 $530,875.80 $519,422.80 0.23% Total Investments: $235,678,205.68 $231,602,596.71 $233,968,563.94 100.00% Condensed earnings and return information as of December 31, 2023 , is as follows:
Current Quarter Fiscal Year-to-Date
Portfolio Investment Earnings:
City of Vallejo2 $1,635,043 $3,219,831
Net Change in Portfolio Fair Value Balance3:
City of Vallejo -$4,410,428 -$22,676,870
Approximate Portfolio Rate-of-Return:
City of Vallejo - Yield to Maturity4 3.58%
BENCHMARK COMPARISON RATE-OF-RETURN5:
Local Agency Investment Fund 3.59% 2-Year U.S. Treasury Note Yield 4.25% 1 In accordance with Government Code Section 53646, the Fair Value of the Local Agency Investment Fund (LAIF) represents the value from the December 31, 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 September 30, 2023.
Date: January 23, 2024
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 $1,635,043 during the three-month period ending December 31, 2023. In addition, the portfolio also had a cumulative fair value versus cost value unrealized, non-cash gain of approximately $2,656,806 as of December 31, 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 12-31-2023
2. Chandler Monthly Statement - Account 262 - 12-31-2023
CONTACT
Rekha Nayar, Finance Director, (707) 648-4592
[email protected]
MONTHLY ACCOUNT STATEMENT
City of Vallejo Consolidated - Account #262
DECEMBER 1, 2023 THROUGH DECEMBER 31, 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 11/30/23
End Values
as of 12/31/23
Market Value 234,092,750 231,602,597
Accrued Interest 1,348,760 1,214,564
Total Market Value 235,441,510 232,817,160
Income Earned 537,394 540,536
Cont/WD
Par 239,162,896 235,678,206
Book Value 237,565,597 233,763,208
Cost Value 237,877,644 233,968,564
TOP ISSUERS
Government of United States 47.3%
Local Agency Investment Fund 20.4%
Wells Fargo Corp 5.7%
Federal Home Loan Bank 3.5%
Federal National Mortgage Assoc 3.3%
Federal Home Loan Mortgage Corp 3.0%
Toronto Dominion Holdings 0.8%
Chubb Corporation 0.8%
Total 84.8%
PORTFOLIO CHARACTERISTICS
Average Modified Duration 1.09
Average Coupon 3.17%
Average Purchase YTM 3.58%
Average Market YTM 4.39%
Average S&P/Moody Rating AA+/Aa1
Average Final Maturity 1.26 yrs
Average Life 1.11 yrs
CREDIT QUALITY (S&P)
MATURITY DISTRIBUTION
SECTOR ALLOCATION
Portfolio Summary
As of December 31, 2023
City of Vallejo Consolidated
Account #262
PERFORMANCE REVIEW
Annualized
TOTAL RATE OF RETURN 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 1 Holdings Report
As of December 31, 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
43813KAC6 Honda Auto Receivables Trust 2020-3
A3
0.37% Due 10/18/2024
10,016.83 09/22/2020
0.38%
10,015.36
10,016.83
99.73 7.04%
9,989.52
1.34 0.00%
(27.31)
NR / AAA
AAA
0.80 0.04
58769KAD6 Mercedes-Benz Auto Lease Trust 2021-
B A3
0.4% Due 11/15/2024
41,466.60 06/22/2021
0.40%
41,463.47
41,466.55
99.81 6.17%
41,388.15
7.37 0.02%
(78.40)
NR / AAA
AAA
0.88 0.03
36265MAC9 GM Financial Auto Lease Trust 2022-1
A3
1.9% Due 3/20/2025
317,423.24 02/15/2022
1.91%
317,420.52
317,422.86
99.37 5.69%
315,417.13
184.28
0.14%
(2,005.73)
Aaa / NR
AAA
1.22 0.17
05601XAC3 BMW Vehicle Lease Trust 2022-1 A3
1.1% Due 3/25/2025
79,300.96 01/11/2022
1.11%
79,289.10
79,299.71
99.43 6.24%
78,850.93
14.54 0.03%
(448.78)
NR / AAA
AAA
1.23 0.11
44891RAC4 Hyundai Auto Receivables Trust 2020-C
A3
0.38% Due 5/15/2025
51,949.82 10/20/2020
0.39%
51,937.85
51,949.37
99.37 6.13%
51,620.77
8.77 0.02%
(328.60)
NR / AAA
AAA
1.37 0.11
89240BAC2 Toyota Auto Receivables Owners 2021-
A A3
0.26% Due 5/15/2025
36,904.63 02/02/2021
0.27%
36,897.79
36,904.18
98.89 6.00%
36,496.13
4.26 0.02%
(408.05)
Aaa / NR
AAA
1.37 0.19
36266FAC3 GM Financial Auto Lease Trust 2022-2
A3
3.42% Due 6/20/2025
334,386.12 05/03/2022
3.45%
334,351.24
334,377.37
99.38 5.86%
332,321.95
349.43
0.14%
(2,055.42)
NR / AAA
AAA
1.47 0.25
47788UAC6 John Deere Owner Trust 2021-A A3
0.36% Due 9/15/2025
71,223.21 03/02/2021
0.37%
71,209.52
71,220.21
98.22 5.62%
69,958.50
11.40 0.03%
(1,261.71)
Aaa / NR
AAA
1.71 0.34
44933LAC7 Hyundai Auto Receivables Trust 2021-A
A3
0.38% Due 9/15/2025
117,126.86 04/20/2021
0.38%
117,114.54
117,125.37
98.59 5.75%
115,469.63
19.78 0.05%
(1,655.74)
NR / AAA
AAA
1.71 0.26
44934KAC8 Hyundai Auto Receivables Trust 2021-B
A3
0.38% Due 1/15/2026
388,313.93 07/20/2021
0.39%
388,228.21
388,294.61
97.82 5.84%
379,863.83
65.58 0.16%
(8,430.78)
NR / AAA
AAA
2.04 0.40
43815GAC3 Honda Auto Receivables Trust 2021-4
A3
0.88% Due 1/21/2026
215,931.20 11/16/2021
0.89%
215,885.68
215,915.18
97.04 5.75%
209,529.70
52.78 0.09%
(6,385.48)
Aaa / NR
AAA
2.06 0.61
47789QAC4 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
237,629.23 07/13/2021
0.52%
237,608.03
237,622.25
97.29 5.63%
231,193.52
54.92 0.10%
(6,428.73)
Aaa / NR
AAA
2.21 0.53
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 2 Holdings Report
As of December 31, 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
44935FAD6 Hyundai Auto Receivables Trust 2021-C
A3
0.74% Due 5/15/2026
151,913.10 11/09/2021
0.75%
151,879.20
151,901.95
97.28 5.70%
147,788.35
49.96 0.06%
(4,113.60)
NR / AAA
AAA
2.37 0.55
43815BAC4 Honda Auto Receivables Trust 2022-1
A3
1.88% Due 5/15/2026
487,951.82 02/15/2022
1.89%
487,878.43
487,920.64
97.33 5.61%
474,933.75
407.71
0.20%
(12,986.89)
Aaa / AAA
NR
2.37 0.71
05602RAD3 BMW Vehicle Owner Trust 2022-A A3
3.21% Due 8/25/2026
317,293.19 05/10/2022
3.23%
317,276.69
317,285.32
98.59 5.24%
312,814.28
169.75
0.13%
(4,471.04)
Aaa / AAA
NR
2.65 0.70
89238FAD5 Toyota Auto Receivables OT 2022-B A3
2.93% Due 9/15/2026
335,000.00 04/07/2022
2.95%
334,992.16
334,996.30
98.01 5.47%
328,319.77
436.24
0.14%
(6,676.53)
Aaa / AAA
NR
2.71 0.79
362554AC1 GM Financial Securitized Term 2021-4
A3
0.68% Due 9/16/2026
169,302.22 10/13/2021
0.68%
169,297.90
169,300.69
96.65 5.81%
163,626.87
47.97 0.07%
(5,673.82)
Aaa / AAA
NR
2.71 0.65
47787JAC2 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
257,737.70 03/10/2022
2.34%
257,680.68
257,709.93
97.77 5.39%
251,980.87
265.76
0.11%
(5,729.06)
Aaa / NR
AAA
2.71 0.73
380146AC4 GM Financial Auto Receivables 2022-1
A3
1.26% Due 11/16/2026
166,790.55 01/11/2022
1.27%
166,776.06
166,784.57
97.07 5.49%
161,905.09
87.57 0.07%
(4,879.48)
NR / AAA
AAA
2.88 0.69
362585AC5 GM Financial Securitized ART 2022-2 A3
3.1% Due 2/16/2027
300,000.00 04/05/2022
3.13%
299,937.30
299,968.75
98.06 5.34%
294,174.30
387.50
0.13%
(5,794.45)
Aaa / AAA
NR
3.13 0.88
47800AAC4 John Deere Owner Trust 2022-B A3
3.74% Due 2/16/2027
400,000.00 07/12/2022
3.77%
399,961.80
399,977.30
98.38 5.27%
393,530.00
664.89
0.17%
(6,447.30)
Aaa / NR
AAA
3.13 1.08
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
839,914.53
97.95 4.99%
822,812.76
1,265.60
0.35%
(17,101.77)
NR / AAA
AAA
3.38 1.30
92348KAV5 Verizon Master Trust 2022-5 A1A
3.72% Due 7/20/2027
350,000.00 08/02/2022
3.75%
349,984.60
349,992.32
99.90 4.58%
349,658.05
397.83
0.15%
(334.27)
NR / AAA
AAA
3.55 0.62
58768PAC8 Mercedes-Benz Auto Receivables 2022-
1 A3
5.21% Due 8/16/2027
915,000.00 11/15/2022
5.28%
914,819.01
914,876.73
100.14
5.15%
916,262.70
2,118.73
0.39%
1,385.97
Aaa / AAA
NR
3.63 1.18
05592XAD2 BMW Vehicle Owner Trust 2023-A A3
5.47% Due 2/25/2028
180,000.00 07/11/2023
5.54%
179,968.10
179,972.45
101.04
4.95%
181,871.28
164.10
0.08%
1,898.83
NR / AAA
AAA
4.16 1.78
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
374,973.01
100.73
4.59%
377,747.63
811.67
0.16%
2,774.62
NR / AAA
AAA
4.38 2.19
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 3 Holdings Report
As of December 31, 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
161571HT4 Chase Issuance Trust 23-A1 A
5.16% Due 9/15/2028
1,005,000.00 09/07/2023
5.23%
1,004,721.41
1,004,748.86
101.55
4.59%
1,020,543.33
2,304.80
0.44%
15,794.47
NR / AAA
AAA
4.71 2.46
Total ABS 8,152,661.21 3.19%
8,151,375.58
8,151,937.84 5.26%
8,070,068.79
10,354.53
3.47%
(81,869.05)
Aaa / AAA
AAA
3.06 1.07
AGENCY
3130A0XE5 FHLB Note
3.25% Due 3/8/2024
750,000.00 08/19/2022
3.38%
748,537.50
748,537.50
99.60 5.37%
746,993.25
7,651.04
0.32%
(1,544.25)
Aaa / AA+
NR
0.19 0.18
3135G0X24 FNMA Note
1.625% Due 1/7/2025
1,835,000.00 01/08/2020
1.69%
1,829,146.35
1,833,806.16
96.90 4.78%
1,778,133.35
14,412.40
0.77%
(55,672.81)
Aaa / AA+
AA+
1.02 0.98
3137EAEP0 FHLMC Note
1.5% Due 2/12/2025
2,040,000.00 02/13/2020
1.52%
2,038,429.20
2,039,648.83
96.54 4.72%
1,969,434.36
11,815.00
0.85%
(70,214.47)
Aaa / AA+
AA+
1.12 1.08
3130A4CH3 FHLB Note
2.375% Due 3/14/2025
1,750,000.00 03/19/2020
1.18%
1,851,097.50
1,774,330.06
97.43 4.60%
1,704,981.25
12,353.30
0.74%
(69,348.81)
Aaa / AA+
NR
1.20 1.16
3130AJHU6 FHLB Note
0.5% Due 4/14/2025
1,900,000.00 05/28/2020
0.50%
1,899,601.00
1,899,894.93
94.98 4.56%
1,804,625.70
2,031.94
0.78%
(95,269.23)
Aaa / AA+
NR
1.29 1.25
3135G03U5 FNMA Note
0.625% Due 4/22/2025
805,000.00 04/22/2020
0.67%
803,341.70
804,566.33
95.08 4.54%
765,377.90
964.32
0.33%
(39,188.43)
Aaa / AA+
AA+
1.31 1.27
3135G04Z3 FNMA Note
0.5% Due 6/17/2025
2,020,000.00 06/17/2020
0.54%
2,015,818.60
2,018,778.13
94.36 4.53%
1,906,142.70
392.78
0.82%
(112,635.43)
Aaa / AA+
AA+
1.46 1.42
3137EAEU9 FHLMC Note
0.375% Due 7/21/2025
1,075,000.00 07/21/2020
0.48%
1,069,646.50
1,073,335.84
93.97 4.43%
1,010,207.60
1,791.67
0.43%
(63,128.24)
Aaa / AA+
AA+
1.56 1.52
3135G05X7 FNMA Note
0.375% Due 8/25/2025
1,700,000.00 08/25/2020
0.47%
1,692,044.00
1,697,374.17
93.49 4.51%
1,589,358.90
2,231.25
0.68%
(108,015.27)
Aaa / AA+
AA+
1.65 1.61
3137EAEX3 FHLMC Note
0.375% Due 9/23/2025
1,560,000.00 09/23/2020
0.44%
1,555,304.40
1,558,375.59
93.33 4.43%
1,455,991.68
1,592.50
0.63%
(102,383.91)
Aaa / AA+
AA+
1.73 1.68
3135G06G3 FNMA Note
0.5% Due 11/7/2025
1,680,000.00 11/09/2020
0.57%
1,673,985.60
1,677,767.31
93.15 4.40%
1,564,837.68
1,260.00
0.67%
(112,929.63)
Aaa / AA+
AA+
1.85 1.80
3130ATUC9 FHLB Note
4.5% Due 12/12/2025
1,800,000.00 02/08/2023
4.21%
1,813,572.00
1,809,305.39
100.23
4.37%
1,804,224.60
4,275.00
0.78%
(5,080.79)
Aaa / AA+
NR
1.95 1.84
3130AWMN7 FHLB Note
4.375% Due 6/9/2028
1,000,000.00 07/26/2023
4.27%
1,004,500.00
1,004,100.34
101.83
3.92%
1,018,293.00
2,673.61
0.44%
14,192.66
Aaa / AA+
NR
4.44 4.00
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 4 Holdings Report
As of December 31, 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
3130AWTR1 FHLB Note
4.375% Due 9/8/2028
1,000,000.00 09/21/2023
4.70%
985,570.00
986,373.88
101.84
3.94%
1,018,441.00
17,864.58
0.45%
32,067.12
Aaa / AA+
NR
4.69 4.14
3133EPN50 FFCB Note
4.25% Due 12/15/2028
1,000,000.00 12/28/2023
3.88%
1,016,720.00
1,016,692.33
101.45
3.92%
1,014,501.00
1,888.89
0.44%
(2,191.33)
Aaa / AA+
AA+
4.96 4.43
Total Agency 21,915,000.00 1.68%
21,997,314.35
21,942,886.79 4.48%
21,151,543.97
83,198.28
9.12%
(791,342.82)
Aaa / AA+
AA+
1.88 1.77
CMO
3137BFE98 FHLMC K041 A2
3.171% Due 10/25/2024
791,455.28 07/01/2021
0.72%
851,370.91
805,344.35
98.31 5.31%
778,055.15
2,091.42
0.34%
(27,289.20)
Aaa / AAA
AAA
0.82 0.70
3137FG6X8 FHLMC K077 A2
3.85% Due 5/25/2028
1,835,000.00 05/24/2023
4.65%
1,801,310.55
1,805,304.47
97.89 4.36%
1,796,345.73
1,177.46
0.77%
(8,958.74)
NR / NR
AAA
4.40 3.89
Total CMO 2,626,455.28 3.44%
2,652,681.46
2,610,648.82 4.65%
2,574,400.88
3,268.88
1.11%
(36,247.94)
Aaa / AAA
AAA
3.32 2.93
CORPORATE
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
99.95 5.24%
249,864.25
4,166.32
0.11%
(280.75)
A3 / A-
A
0.03 0.03
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
99.86 5.97%
748,928.25
13,895.83
0.33%
3,735.75
A3 / A-
NR
0.10 0.10
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
99.70 5.91%
249,247.75
2,950.00
0.11%
870.25
A1 / A-
A+
0.10 0.10
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
99.73 5.87%
249,332.00
3,541.67
0.11%
1,619.50
A2 / A
A
0.13 0.12
17275RAN2 Cisco Systems Note
3.625% Due 3/4/2024
250,000.00 09/26/2022
4.42%
247,280.00
247,280.00
99.68 5.42%
249,192.50
2,945.31
0.11%
1,912.50
A1 / AA-
NR
0.18 0.17
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
99.43 5.69%
248,576.50
2,058.33
0.11%
5,044.00
A2 / A
A+
0.18 0.18
89114QCB2 Toronto Dominion Bank Note
3.25% Due 3/11/2024
750,000.00 Various
4.98%
740,162.50
740,162.50
99.56 5.51%
746,666.25
7,447.92
0.32%
6,503.75
A1 / A
AA-
0.19 0.19
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 5 Holdings Report
As of December 31, 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
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
99.46 5.56%
248,643.50
1,952.78
0.11%
2,146.00
A3 / A-
A-
0.29 0.28
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
99.25 5.45%
248,127.00
1,490.28
0.11%
162.00
A1 / A+
A+
0.30 0.29
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
98.19 5.50%
245,483.25
175.69
0.11%
6,640.75
A2 / A+
A
0.37 0.36
00440EAR8 Chubb INA Holdings Inc Note
3.35% Due 5/15/2024
750,000.00 Various
4.72%
740,990.00
740,990.00
99.17 5.61%
743,760.00
3,210.42
0.32%
2,770.00
A3 / A
A
0.37 0.36
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
99.04 5.41%
247,609.25
825.69
0.11%
4,031.75
A2 / A
NR
0.39 0.38
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
1,149,482.48
96.63 5.37%
1,111,278.35
10,477.78
0.48%
(38,204.13)
A2 / A+
A+
1.06 1.01
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
1,181,472.85
97.79 5.06%
1,124,556.25
10,666.25
0.49%
(56,916.60)
A3 / A
A
1.21 1.15
06367WB85 Bank of Montreal Note
1.85% Due 5/1/2025
1,150,000.00 03/24/2021
1.15%
1,182,257.50
1,160,472.37
95.88 5.09%
1,102,568.25
3,545.83
0.48%
(57,904.12)
A2 / A-
AA-
1.33 1.29
14913R2V8 Caterpillar Financial Service Note
3.4% Due 5/13/2025
445,000.00 05/10/2022
3.44%
444,434.85
444,743.21
98.29 4.70%
437,388.28
2,017.33
0.19%
(7,354.93)
A2 / A
A+
1.37 1.31
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
1,240,090.26
97.76 6.07%
1,212,202.92
843.54
0.52%
(27,887.34)
A1 / A-
A+
1.41 1.35
78015K7H1 Royal Bank of Canada Note
1.15% Due 6/10/2025
400,000.00 12/22/2021
1.43%
396,240.00
398,431.59
94.77 4.95%
379,069.60
268.33
0.16%
(19,361.99)
A1 / A
AA-
1.44 1.40
63743HFE7 National Rural Utilities Note
3.45% Due 6/15/2025
685,000.00 Various
3.55%
683,003.05
684,067.41
97.92 4.95%
670,719.81
1,050.33
0.29%
(13,347.60)
A2 / A-
A
1.46 1.40
46647PBF2 JP Morgan Chase & Co Callable Note 1X
10/15/2024
2.301% Due 10/15/2025
1,150,000.00 11/13/2020
0.93%
1,210,363.50
1,162,174.15
97.44 5.64%
1,120,586.45
5,586.32
0.48%
(41,587.70)
A1 / A-
AA-
1.79 0.76
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
505,805.93
95.78 5.45%
478,924.50
1,996.21
0.21%
(26,881.43)
A1 / A-
AA-
2.31 1.26
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 6 Holdings Report
As of December 31, 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
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
1,237,695.63
92.57 4.49%
1,152,523.89
1,829.45
0.50%
(85,171.74)
A2 / A+
A
2.37 2.29
89236TJK2 Toyota Motor Credit Corp Note
1.125% Due 6/18/2026
810,000.00 06/15/2021
1.13%
809,643.60
809,824.53
92.34 4.44%
747,949.95
329.06
0.32%
(61,874.58)
A1 / A+
A+
2.47 2.38
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
500,655.06
94.11 5.54%
470,565.50
219.83
0.20%
(30,089.56)
A1 / A-
AA-
2.47 1.42
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
239,754.07
91.88 4.25%
220,513.44
728.00
0.10%
(19,240.63)
Aa2 / AA
AA
2.72 2.61
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
544,434.00
93.30 4.33%
508,470.29
4,900.46
0.22%
(35,963.71)
A2 / A
A
3.04 2.87
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
990,707.83
93.09 4.83%
930,875.00
8,030.56
0.40%
(59,832.83)
A2 / A-
A
3.17 2.97
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
1,094,866.81
94.58 4.12%
1,035,647.72
7,415.58
0.45%
(59,219.09)
Aa2 / AA
A+
3.21 3.02
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
749,142.16
97.07 4.26%
728,029.50
5,362.50
0.32%
(21,112.66)
A1 / AA
AA-
3.28 3.05
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
911,685.06
92.37 4.65%
923,749.00
4,486.11
0.40%
12,063.94
A3 / A
NR
3.29 3.10
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
249,469.94
97.63 4.51%
244,085.00
1,197.92
0.11%
(5,384.94)
A2 / BBB+
A
3.37 3.11
14913R3A3 Caterpillar Financial Service Note
3.6% Due 8/12/2027
700,000.00 08/22/2022
3.81%
693,301.00
695,129.01
97.65 4.31%
683,561.90
9,730.00
0.30%
(11,567.11)
A2 / A
A+
3.62 3.30
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
499,532.46
99.44 4.11%
497,218.00
6,144.44
0.22%
(2,314.46)
Aa2 / AA
AA
3.69 3.36
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 7 Holdings Report
As of December 31, 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
89115A2M3 Toronto-Dominion Bank Note
5.156% Due 1/10/2028
1,100,000.00 06/28/2023
5.27%
1,094,940.00
1,095,505.62
101.51
4.74%
1,116,591.30
26,940.10
0.49%
21,085.68
A1 / A
AA-
4.03 3.52
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
961,923.62
95.88 4.78%
958,817.00
16,830.56
0.42%
(3,106.62)
A3 / A-
NR
4.04 3.63
06051GGF0 Bank of America Corp Callable Note
1/20/2027
3.824% Due 1/20/2028
1,000,000.00 04/10/2023
5.53%
956,490.00
963,076.38
96.08 5.22%
960,782.00
17,101.78
0.42%
(2,294.38)
A1 / A-
AA-
4.06 2.79
06406RAB3 Bank of NY Mellon Corp Callable Note
1X 2/7/2027
3.442% Due 2/7/2028
1,000,000.00 04/26/2023
4.99%
961,850.00
967,268.79
96.22 4.76%
962,183.00
13,768.00
0.42%
(5,085.79)
A1 / A
AA-
4.11 2.86
74456QBU9 Public Service El & Gas Callable Note
Cont 02/01/28
3.7% Due 5/1/2028
1,250,000.00 09/06/2023
5.10%
1,178,487.50
1,183,333.66
96.82 4.51%
1,210,273.75
7,708.33
0.52%
26,940.09
A1 / A
NR
4.34 3.93
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
204,655.46
99.77 4.06%
204,522.56
1,161.67
0.09%
(132.90)
Aaa / AA+
NR
4.36 3.87
02665WEM9 American Honda Finance Note
5.125% Due 7/7/2028
1,200,000.00 08/17/2023
5.33%
1,189,428.00
1,190,217.04
102.84
4.42%
1,234,065.60
29,725.00
0.54%
43,848.56
A3 / A-
A
4.52 3.91
78016HZS2 ROYAL BANK OF CANADA Note
5.2% Due 8/1/2028
1,000,000.00 09/07/2023
5.53%
986,020.00
986,896.69
101.92
4.73%
1,019,230.00
23,255.56
0.45%
32,333.31
A1 / A
AA-
4.59 3.96
Total Corporate 28,760,000.00 3.30%
28,522,505.05
28,442,789.07 4.96%
27,922,379.31
267,977.07
12.11%
(520,409.76)
A2 / A
A+
2.49 2.15
LAIF
90LAIF$00 Local Agency Investment Fund State
Pool
47,017,597.53 Various
3.95%
47,017,597.53
47,017,597.53
1.00 3.95%
47,017,597.53
450,291.43
20.39%
0.00 NR / NR
NR
0.00 0.00
Total LAIF 47,017,597.53 3.95%
47,017,597.53
47,017,597.53 3.95%
47,017,597.53
450,291.43
20.39%
0.00 NR / NR
NR
0.00 0.00
MONEY MARKET FUND
85253$413 Wells Fargo Stagecoach Sweep Account 13,204,243.26 Various
0.00%
13,204,243.26
13,204,243.26
1.00 0.00%
13,204,243.26
0.00 5.67%
0.00 NR / NR
NR
0.00 0.00
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 8 Holdings Report
As of December 31, 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
MONEY MARKET FUND
94975H312 Wells Fargo Advantage Treasury Plus
MMF
1,223,120.63 Various
4.96%
1,223,120.63
1,223,120.63
1.00 4.96%
1,223,120.63
0.00 0.53%
0.00 Aaa / AAA
NR
0.00 0.00
94975H312 Wells Fargo Advantage Treasury Plus
MMF
179,127.77 Various
4.96%
179,127.77
179,127.77
1.00 4.96%
179,127.77
0.00 0.08%
0.00 Aaa / AAA
NR
0.00 0.00
Total Money Market Fund 14,606,491.66 0.48%
14,606,491.66
14,606,491.66 0.48%
14,606,491.66
0.00 6.27%
0.00 Aaa / AAA
NR
0.00 0.00
SUPRANATIONAL
45950KDD9 International Finance Corp Note
4.5% Due 7/13/2028
520,000.00 07/06/2023
4.53%
519,422.80
519,477.14
102.09
3.99%
530,875.80
10,920.00
0.23%
11,398.66
Aaa / AAA
NR
4.54 3.99
Total Supranational 520,000.00 4.53%
519,422.80
519,477.14 3.99%
530,875.80
10,920.00
0.23%
11,398.66
Aaa / AAA
NR
4.54 3.99
US TREASURY
9128285Z9 US Treasury Note
2.5% Due 1/31/2024
5,000,000.00 Various
5.05%
4,924,238.29
4,924,238.29
99.77 5.18%
4,988,515.00
52,309.78
2.17%
64,276.71
Aaa / AA+
AA+
0.08 0.08
912828B66 US Treasury Note
2.75% Due 2/15/2024
5,000,000.00 Various
5.23%
4,917,539.06
4,917,539.06
99.68 5.23%
4,984,235.00
51,936.14
2.16%
66,695.94
Aaa / AA+
AA+
0.13 0.12
912797JF5 US Treasury Bill
5.266% Due 2/27/2024
10,000,000.00 12/29/2023
5.39%
9,912,241.67
9,912,241.67
99.12 5.39%
9,912,241.67
4,387.92
4.26%
0.00 P-1 / A-1+
F-1+
0.16 0.15
912797GY7 US Treasury Bill
5.216% Due 3/28/2024
10,000,000.00 12/29/2023
5.36%
9,869,605.00
9,869,605.00
98.70 5.36%
9,869,605.00
4,346.50
4.24%
0.00 P-1 / A-1+
F-1+
0.24 0.23
91282CEG2 US Treasury Note
2.25% Due 3/31/2024
5,000,000.00 Various
5.13%
4,912,880.86
4,912,880.86
99.25 5.26%
4,962,695.00
28,586.07
2.14%
49,814.14
Aaa / AA+
AA+
0.25 0.25
912797HF7 US Treasury Bill
5.173% Due 4/11/2024
10,000,000.00 12/29/2023
5.32%
9,850,572.22
9,850,572.22
98.51 5.32%
9,850,572.22
4,310.42
4.23%
0.00 P-1 / A-1+
F-1+
0.28 0.27
91282CBV2 US Treasury Note
0.375% Due 4/15/2024
5,000,000.00 Various
5.28%
4,830,107.43
4,830,107.43
98.63 5.19%
4,931,250.00
3,995.91
2.12%
101,142.57
Aaa / AA+
AA+
0.29 0.29
912797HQ3 US Treasury Bill
5.124% Due 5/9/2024
7,000,000.00 12/29/2023
5.30%
6,868,473.73
6,868,473.73
98.12 5.30%
6,868,473.73
2,989.23
2.95%
0.00 P-1 / A-1+
F-1+
0.36 0.35
91282CER8 US Treasury Note
2.5% Due 5/31/2024
5,000,000.00 Various
5.14%
4,901,103.52
4,901,103.52
98.88 5.24%
4,944,140.00
10,928.96
2.13%
43,036.48
Aaa / AA+
AA+
0.42 0.41
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 9 Holdings Report
As of December 31, 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
912796Y45 US Treasury Bill
5.051% Due 6/27/2024
10,000,000.00 12/29/2023
5.25%
9,746,046.94
9,746,046.94
97.46 5.25%
9,746,046.94
4,209.17
4.19%
0.00 P-1 / A-1+
F-1+
0.49 0.48
912828J27 US Treasury Note
2% Due 2/15/2025
1,850,000.00 02/27/2020
1.07%
1,932,888.67
1,868,780.18
97.06 4.71%
1,795,584.10
13,975.54
0.78%
(73,196.08)
Aaa / AA+
AA+
1.13 1.08
9128283Z1 US Treasury Note
2.75% Due 2/28/2025
700,000.00 03/05/2020
0.69%
770,519.53
716,428.73
97.86 4.66%
684,988.50
6,504.81
0.30%
(31,440.23)
Aaa / AA+
AA+
1.16 1.12
912828ZC7 US Treasury Note
1.125% Due 2/28/2025
1,500,000.00 Various
0.50%
1,541,923.83
1,510,741.48
96.05 4.65%
1,440,762.00
5,702.26
0.62%
(69,979.48)
Aaa / AA+
AA+
1.16 1.13
91282CAZ4 US Treasury Note
0.375% Due 11/30/2025
2,000,000.00 12/28/2020
0.38%
1,999,453.13
1,999,787.28
92.86 4.30%
1,857,266.00
655.74
0.80%
(142,521.28)
Aaa / AA+
AA+
1.92 1.87
91282CBC4 US Treasury Note
0.375% Due 12/31/2025
2,000,000.00 01/27/2021
0.39%
1,998,125.00
1,999,238.74
92.68 4.23%
1,853,516.00
20.60 0.80%
(145,722.74)
Aaa / AA+
AA+
2.00 1.95
91282CBT7 US Treasury Note
0.75% Due 3/31/2026
1,500,000.00 03/30/2021
0.91%
1,487,988.28
1,494,605.91
92.78 4.15%
1,391,659.50
2,858.61
0.60%
(102,946.41)
Aaa / AA+
AA+
2.25 2.18
91282CBW0 US Treasury Note
0.75% Due 4/30/2026
1,000,000.00 04/29/2021
0.89%
993,398.44
996,926.98
92.52 4.15%
925,156.00
1,277.47
0.40%
(71,770.98)
Aaa / AA+
AA+
2.33 2.27
91282CCP4 US Treasury Note
0.625% Due 7/31/2026
1,000,000.00 08/10/2021
0.82%
990,507.81
995,073.47
91.60 4.08%
915,977.00
2,615.49
0.39%
(79,096.47)
Aaa / AA+
AA+
2.58 2.51
91282CCW9 US Treasury Note
0.75% Due 8/31/2026
2,250,000.00 Various
0.97%
2,226,699.22
2,237,189.64
91.68 4.08%
2,062,793.25
5,702.27
0.89%
(174,396.39)
Aaa / AA+
AA+
2.67 2.58
91282CDG3 US Treasury Note
1.125% Due 10/31/2026
3,000,000.00 Various
1.27%
2,979,511.72
2,988,172.97
92.28 4.04%
2,768,319.00
5,748.63
1.19%
(219,853.97)
Aaa / AA+
AA+
2.84 2.73
912828Z78 US Treasury Note
1.5% Due 1/31/2027
500,000.00 03/30/2022
2.46%
478,320.31
486,184.87
92.82 4.00%
464,121.00
3,138.59
0.20%
(22,063.87)
Aaa / AA+
AA+
3.09 2.94
912828V98 US Treasury Note
2.25% Due 2/15/2027
1,250,000.00 02/06/2023
3.92%
1,173,095.70
1,190,266.98
94.93 3.99%
1,186,621.25
10,623.30
0.51%
(3,645.73)
Aaa / AA+
AA+
3.13 2.95
91282CEF4 US Treasury Note
2.5% Due 3/31/2027
1,250,000.00 09/27/2022
4.26%
1,160,839.84
1,185,772.16
95.57 3.96%
1,194,677.50
7,940.57
0.52%
8,905.34
Aaa / AA+
AA+
3.25 3.06
91282CEN7 US Treasury Note
2.75% Due 4/30/2027
2,500,000.00 Various
3.23%
2,445,792.97
2,463,058.22
96.19 3.98%
2,404,785.00
11,710.17
1.04%
(58,273.22)
Aaa / AA+
AA+
3.33 3.13
91282CEW7 US Treasury Note
3.25% Due 6/30/2027
1,400,000.00 07/12/2022
3.00%
1,416,296.88
1,411,469.84
97.72 3.95%
1,368,117.80
125.00
0.59%
(43,352.04)
Aaa / AA+
AA+
3.50 3.27
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 10 Holdings Report
As of December 31, 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
91282CFH9 US Treasury Note
3.125% Due 8/31/2027
1,000,000.00 09/08/2022
3.36%
989,101.56
991,974.62
97.19 3.96%
971,875.00
10,559.75
0.42%
(20,099.62)
Aaa / AA+
AA+
3.67 3.39
91282CFM8 US Treasury Note
4.125% Due 9/30/2027
1,000,000.00 10/28/2022
4.20%
996,875.00
997,618.38
100.63
3.94%
1,006,328.00
10,481.56
0.44%
8,709.62
Aaa / AA+
AA+
3.75 3.41
91282CFU0 US Treasury Note
4.125% Due 10/31/2027
1,100,000.00 12/20/2022
3.84%
1,113,750.00
1,110,837.32
100.63
3.95%
1,106,917.90
7,728.71
0.48%
(3,919.42)
Aaa / AA+
AA+
3.84 3.49
91282CGC9 US Treasury Note
3.875% Due 12/31/2027
1,250,000.00 01/26/2023
3.62%
1,264,355.47
1,261,650.35
99.84 3.92%
1,247,948.75
133.07
0.54%
(13,701.60)
Aaa / AA+
AA+
4.00 3.67
9128283W8 US Treasury Note
2.75% Due 2/15/2028
1,250,000.00 03/08/2023
4.37%
1,161,083.98
1,175,771.88
95.59 3.92%
1,194,872.50
12,984.04
0.52%
19,100.62
Aaa / AA+
AA+
4.13 3.81
91282CGT2 US Treasury Note
3.625% Due 3/31/2028
1,750,000.00 06/29/2023
4.18%
1,708,437.50
1,712,866.68
98.91 3.90%
1,730,928.50
16,119.36
0.75%
18,061.82
Aaa / AA+
AA+
4.25 3.86
91282CHA2 US Treasury Note
3.5% Due 4/30/2028
2,180,000.00 Various
3.55%
2,175,314.06
2,175,890.14
98.41 3.90%
2,145,342.36
12,996.16
0.93%
(30,547.78)
Aaa / AA+
AA+
4.33 3.95
91282CHQ7 US Treasury Note
4.125% Due 7/31/2028
1,000,000.00 09/28/2023
4.68%
976,250.00
977,513.44
101.03
3.88%
1,010,313.00
17,262.23
0.44%
32,799.56
Aaa / AA+
AA+
4.59 4.08
91282CHX2 US Treasury Note
4.375% Due 8/31/2028
1,500,000.00 09/25/2023
4.59%
1,485,644.53
1,486,417.70
102.14
3.87%
1,532,109.00
22,175.48
0.67%
45,691.30
Aaa / AA+
AA+
4.67 4.14
91282CJA0 US Treasury Note
4.625% Due 9/30/2028
1,850,000.00 Various
4.93%
1,825,767.58
1,826,718.12
103.22
3.88%
1,909,547.80
21,741.29
0.83%
82,829.68
Aaa / AA+
AA+
4.75 4.20
9128285M8 US Treasury Note
3.125% Due 11/15/2028
1,000,000.00 11/17/2023
4.49%
939,570.31
940,963.31
96.60 3.90%
966,016.00
4,035.03
0.42%
25,052.69
Aaa / AA+
AA+
4.88 4.45
91282CJN2 US Treasury Note
4.375% Due 11/30/2028
1,500,000.00 12/21/2023
3.82%
1,536,855.47
1,536,651.28
102.33
3.85%
1,534,921.50
5,737.70
0.66%
(1,729.78)
Aaa / AA+
AA+
4.92 4.38
Total US Treasury 112,080,000.00 4.31%
110,501,175.51
110,471,379.39 4.86%
109,729,238.77
388,553.53
47.30%
(742,140.62)
Aaa / AAA
AAA
1.33 1.24
TOTAL PORTFOLIO 235,678,205.68 3.58%
233,968,563.94
233,763,208.24 4.39%
231,602,596.71
1,214,563.72
100.00%
(2,160,611.53)
Aa1 / AA+
AA+
1.26 1.09
TOTAL MARKET VALUE PLUS ACCRUED 232,817,160.43
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 11 Transaction Ledger
As of December 31, 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 12/01/2023 94975H312 2,645.90 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 2,645.90 0.00 2,645.90 0.00
Purchase 12/01/2023 94975H312 77,099.27 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 77,099.27 0.00 77,099.27 0.00
Purchase 12/07/2023 94975H312 15,000,000.00 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 15,000,000.00 0.00 15,000,000.00 0.00
Purchase 12/09/2023 94975H312 17,986.11 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 17,986.11 0.00 17,986.11 0.00
Purchase 12/10/2023 94975H312 2,300.00 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 2,300.00 0.00 2,300.00 0.00
Purchase 12/12/2023 94975H312 40,500.00 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 40,500.00 0.00 40,500.00 0.00
Purchase 12/13/2023 94975H312 25,437.50 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 25,437.50 0.00 25,437.50 0.00
Purchase 12/14/2023 94975H312 5,000,000.00 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 5,000,000.00 0.00 5,000,000.00 0.00
Purchase 12/15/2023 94975H312 11,816.25 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 11,816.25 0.00 11,816.25 0.00
Purchase 12/15/2023 94975H312 14,018.72 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 14,018.72 0.00 14,018.72 0.00
Purchase 12/15/2023 94975H312 48,359.53 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 48,359.53 0.00 48,359.53 0.00
Purchase 12/15/2023 94975H312 7,425.31 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 7,425.31 0.00 7,425.31 0.00
Purchase 12/15/2023 94975H312 2,373.00 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 2,373.00 0.00 2,373.00 0.00
Purchase 12/15/2023 94975H312 1,521.87 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 1,521.87 0.00 1,521.87 0.00
Purchase 12/15/2023 94975H312 4,321.50 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 4,321.50 0.00 4,321.50 0.00
Purchase 12/15/2023 94975H312 817.96 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 817.96 0.00 817.96 0.00
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 12 Transaction Ledger
As of December 31, 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 12/15/2023 94975H312 3,972.63 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 3,972.63 0.00 3,972.63 0.00
Purchase 12/15/2023 94975H312 1,246.67 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 1,246.67 0.00 1,246.67 0.00
Purchase 12/15/2023 94975H312 12,831.51 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 12,831.51 0.00 12,831.51 0.00
Purchase 12/15/2023 94975H312 18,375.64 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 18,375.64 0.00 18,375.64 0.00
Purchase 12/15/2023 94975H312 18,718.03 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 18,718.03 0.00 18,718.03 0.00
Purchase 12/15/2023 94975H312 41,229.00 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 41,229.00 0.00 41,229.00 0.00
Purchase 12/15/2023 94975H312 11,734.98 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 11,734.98 0.00 11,734.98 0.00
Purchase 12/15/2023 94975H312 15,452.52 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 15,452.52 0.00 15,452.52 0.00
Purchase 12/15/2023 94975H312 9,979.04 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 9,979.04 0.00 9,979.04 0.00
Purchase 12/17/2023 94975H312 5,050.00 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 5,050.00 0.00 5,050.00 0.00
Purchase 12/18/2023 94975H312 4,556.25 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 4,556.25 0.00 4,556.25 0.00
Purchase 12/18/2023 94975H312 775.00 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 775.00 0.00 775.00 0.00
Purchase 12/18/2023 94975H312 10,735.78 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 10,735.78 0.00 10,735.78 0.00
Purchase 12/18/2023 94975H312 10,398.30 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 10,398.30 0.00 10,398.30 0.00
Purchase 12/18/2023 94975H312 15,594.20 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 15,594.20 0.00 15,594.20 0.00
Purchase 12/19/2023 94975H312 3,297.50 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 3,297.50 0.00 3,297.50 0.00
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 13 Transaction Ledger
As of December 31, 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 12/20/2023 94975H312 1,085.00 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 1,085.00 0.00 1,085.00 0.00
Purchase 12/20/2023 94975H312 74,783.98 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 74,783.98 0.00 74,783.98 0.00
Purchase 12/20/2023 94975H312 49,611.65 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 49,611.65 0.00 49,611.65 0.00
Purchase 12/21/2023 94975H312 16,086.58 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 16,086.58 0.00 16,086.58 0.00
Purchase 12/22/2023 91282CJN2 1,500,000.00 US Treasury Note
4.375% Due 11/30/2028
102.457 3.82% 1,536,855.47 3,944.67 1,540,800.14 0.00
Purchase 12/22/2023 94975H312 273,212.74 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 273,212.74 0.00 273,212.74 0.00
Purchase 12/26/2023 94975H312 5,653.42 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 5,653.42 0.00 5,653.42 0.00
Purchase 12/26/2023 94975H312 3,939.88 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 3,939.88 0.00 3,939.88 0.00
Purchase 12/26/2023 94975H312 820.50 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 820.50 0.00 820.50 0.00
Purchase 12/26/2023 94975H312 869.38 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 869.38 0.00 869.38 0.00
Purchase 12/26/2023 94975H312 5,887.29 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 5,887.29 0.00 5,887.29 0.00
Purchase 12/26/2023 94975H312 28,954.17 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 28,954.17 0.00 28,954.17 0.00
Purchase 12/27/2023 94975H312 7,706.81 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 7,706.81 0.00 7,706.81 0.00
Purchase 12/29/2023 3133EPN50 1,000,000.00 FFCB Note
4.25% Due 12/15/2028
101.672 3.88% 1,016,720.00 1,652.78 1,018,372.78 0.00
Purchase 12/29/2023 912796Y45 10,000,000.00 US Treasury Bill
5.051% Due 6/27/2024
97.460 5.25% 9,746,046.94 0.00 9,746,046.94 0.00
Purchase 12/29/2023 912797GY7 10,000,000.00 US Treasury Bill
5.216% Due 3/28/2024
98.696 5.36% 9,869,605.00 0.00 9,869,605.00 0.00
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 14 Transaction Ledger
As of December 31, 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 12/29/2023 912797HF7 10,000,000.00 US Treasury Bill
5.173% Due 4/11/2024
98.506 5.32% 9,850,572.22 0.00 9,850,572.22 0.00
Purchase 12/29/2023 912797HQ3 7,000,000.00 US Treasury Bill
5.124% Due 5/9/2024
98.121 5.30% 6,868,473.73 0.00 6,868,473.73 0.00
Purchase 12/29/2023 912797JF5 10,000,000.00 US Treasury Bill
5.266% Due 2/27/2024
99.122 5.39% 9,912,241.67 0.00 9,912,241.67 0.00
Purchase 12/31/2023 94975H312 50,718.75 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 50,718.75 0.00 50,718.75 0.00
Subtotal 70,459,900.12 69,760,415.15 5,597.45 69,766,012.60 0.00 TOTAL ACQUISITIONS 70,459,900.12 69,760,415.15 5,597.45 69,766,012.60 0.00
DISPOSITIONS
Sale 12/22/2023 3130A3GE8 1,850,000.00 FHLB Note
2.75% Due 12/13/2024
97.986 1.26% 1,812,741.00 1,271.88 1,814,012.88 -63,273.41 Sale 12/29/2023 94975H312 46,246,939.56 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 46,246,939.56 0.00 46,246,939.56 0.00
Sale 12/29/2023 94975H312 1,018,372.78 Wells Fargo Advantage Treasury Plus MMF
1.000 4.96% 1,018,372.78 0.00 1,018,372.78 0.00
Subtotal 49,115,312.34 49,078,053.34 1,271.88 49,079,325.22 -63,273.41 Paydown 12/15/2023 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 12/15/2023 02582JJZ4 0.00 American Express Credit Trust 2023-1 A
4.87% Due 5/15/2028
100.000 0.00 1,521.87 1,521.87 0.00
Paydown 12/15/2023 161571HT4 0.00 Chase Issuance Trust 23-A1 A
5.16% Due 9/15/2028
100.000 0.00 4,321.50 4,321.50 0.00
Paydown 12/15/2023 43815BAC4 12,048.18 Honda Auto Receivables Trust 2022-1 A3
1.88% Due 5/15/2026
100.000 12,048.18 783.33 12,831.51 0.00 Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 15 Transaction Ledger
As of December 31, 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 12/15/2023 44891RAC4 18,353.38 Hyundai Auto Receivables Trust 2020-C A3
0.38% Due 5/15/2025
100.000 18,353.38 22.26 18,375.64 0.00
Paydown 12/15/2023 44933LAC7 18,675.03 Hyundai Auto Receivables Trust 2021-A A3
0.38% Due 9/15/2025
100.000 18,675.03 43.00 18,718.03 0.00
Paydown 12/15/2023 44934KAC8 41,093.02 Hyundai Auto Receivables Trust 2021-B A3
0.38% Due 1/15/2026
100.000 41,093.02 135.98 41,229.00 0.00
Paydown 12/15/2023 44935FAD6 11,634.13 Hyundai Auto Receivables Trust 2021-C A3
0.74% Due 5/15/2026
100.000 11,634.13 100.85 11,734.98 0.00
Paydown 12/15/2023 47787JAC2 14,925.37 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
100.000 14,925.37 527.15 15,452.52 0.00
Paydown 12/15/2023 47788UAC6 9,954.69 John Deere Owner Trust 2021-A A3
0.36% Due 9/15/2025
100.000 9,954.69 24.35 9,979.04 0.00
Paydown 12/15/2023 47789QAC4 13,909.72 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
100.000 13,909.72 109.00 14,018.72 0.00
Paydown 12/15/2023 47800AAC4 0.00 John Deere Owner Trust 2022-B A3
3.74% Due 2/16/2027
100.000 0.00 1,246.67 1,246.67 0.00
Paydown 12/15/2023 58768PAC8 0.00 Mercedes-Benz Auto Receivables 2022- 1 A3
5.21% Due 8/16/2027
100.000 0.00 3,972.63 3,972.63 0.00
Paydown 12/15/2023 58769KAD6 48,329.60 Mercedes-Benz Auto Lease Trust 2021- B A3
0.4% Due 11/15/2024
100.000 48,329.60 29.93 48,359.53 0.00
Paydown 12/15/2023 89238FAD5 0.00 Toyota Auto Receivables OT 2022-B A3
2.93% Due 9/15/2026
100.000 0.00 817.96 817.96 0.00
Paydown 12/15/2023 89240BAC2 7,415.71 Toyota Auto Receivables Owners 2021- A A3
0.26% Due 5/15/2025
100.000 7,415.71 9.60 7,425.31 0.00
Paydown 12/18/2023 362554AC1 10,633.82 GM Financial Securitized Term 2021-4 A3
0.68% Due 9/16/2026
100.000 10,633.82 101.96 10,735.78 0.00
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 16 Transaction Ledger
As of December 31, 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 12/18/2023 362585AC5 0.00 GM Financial Securitized ART 2022-2 A3
3.1% Due 2/16/2027
100.000 0.00 775.00 775.00 0.00
Paydown 12/18/2023 380146AC4 10,212.45 GM Financial Auto Receivables 2022-1 A3
1.26% Due 11/16/2026
100.000 10,212.45 185.85 10,398.30 0.00
Paydown 12/18/2023 43813KAC6 15,586.31 Honda Auto Receivables Trust 2020-3 A3
0.37% Due 10/18/2024
100.000 15,586.31 7.89 15,594.20 0.00
Paydown 12/20/2023 36265MAC9 74,163.97 GM Financial Auto Lease Trust 2022-1 A3
1.9% Due 3/20/2025
100.000 74,163.97 620.01 74,783.98 0.00
Paydown 12/20/2023 36266FAC3 48,520.37 GM Financial Auto Lease Trust 2022-2 A3
3.42% Due 6/20/2025
100.000 48,520.37 1,091.28 49,611.65 0.00
Paydown 12/20/2023 92348KAV5 0.00 Verizon Master Trust 2022-5 A1A
3.72% Due 7/20/2027
100.000 0.00 1,085.00 1,085.00 0.00
Paydown 12/21/2023 43815GAC3 15,916.56 Honda Auto Receivables Trust 2021-4 A3
0.88% Due 1/21/2026
100.000 15,916.56 170.02 16,086.58 0.00
Paydown 12/26/2023 05592XAD2 0.00 BMW Vehicle Owner Trust 2023-A A3
5.47% Due 2/25/2028
100.000 0.00 820.50 820.50 0.00
Paydown 12/26/2023 05601XAC3 28,855.03 BMW Vehicle Lease Trust 2022-1 A3
1.1% Due 3/25/2025
100.000 28,855.03 99.14 28,954.17 0.00
Paydown 12/26/2023 05602RAD3 0.00 BMW Vehicle Owner Trust 2022-A A3
3.21% Due 8/25/2026
100.000 0.00 869.38 869.38 0.00
Paydown 12/26/2023 09690AAC7 5,651.88 BMW Vehicle Lease Trust 2021-2 A3
0.33% Due 12/26/2024
100.000 5,651.88 1.54 5,653.42 0.00
Paydown 12/26/2023 3137BFE98 1,843.59 FHLMC K041 A2
3.171% Due 10/25/2024
100.000 1,843.59 2,096.29 3,939.88 0.00
Paydown 12/26/2023 3137FG6X8 0.00 FHLMC K077 A2
3.85% Due 5/25/2028
100.000 0.00 5,887.29 5,887.29 0.00
Paydown 12/27/2023 05602RAD3 7,706.81 BMW Vehicle Owner Trust 2022-A A3
3.21% Due 8/25/2026
100.000 7,706.81 0.00 7,706.81 0.00
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 17 Transaction Ledger
As of December 31, 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 415,429.62 415,429.62 29,850.23 445,279.85 0.00 Maturity 12/07/2023 912797FT9 15,000,000.00 US Treasury Bill
5.184% Due 12/7/2023
100.000 14,653,180.21 346,819.79 15,000,000.00 0.00
Maturity 12/14/2023 912797FU6 5,000,000.00 US Treasury Bill
5.301% Due 12/14/2023
100.000 4,944,039.72 55,960.28 5,000,000.00 0.00
Subtotal 20,000,000.00 19,597,219.93 402,780.07 20,000,000.00 0.00 Security
Withdrawal
12/06/2023 94975H312 10,199.55 Wells Fargo Advantage Treasury Plus MMF
1.000 10,199.55 0.00 10,199.55 0.00
Security
Withdrawal
12/31/2023 85253$413 4,403,648.63 Wells Fargo Stagecoach Sweep Account 1.000 4,403,648.63 0.00 4,403,648.63 0.00 Subtotal 4,413,848.18 4,413,848.18 0.00 4,413,848.18 0.00 TOTAL DISPOSITIONS 73,944,590.14 73,504,551.07 433,902.18 73,938,453.25 -63,273.41
OTHER TRANSACTIONS
Interest 12/09/2023 3130AWMN7 1,000,000.00 FHLB Note
4.375% Due 6/9/2028
0.000 17,986.11 0.00 17,986.11 0.00
Interest 12/10/2023 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 12/12/2023 3130ATUC9 1,800,000.00 FHLB Note
4.5% Due 12/12/2025
0.000 40,500.00 0.00 40,500.00 0.00
Interest 12/13/2023 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 12/15/2023 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 12/17/2023 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 12/18/2023 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 12/19/2023 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
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 18 Transaction Ledger
As of December 31, 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 12/31/2023 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
Interest 12/31/2023 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 12/31/2023 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 13,715,000.00 161,662.36 0.00 161,662.36 0.00
Dividend 12/01/2023 94975H312 324,899.25 Wells Fargo Advantage Treasury Plus MMF
0.000 77,099.27 0.00 77,099.27 0.00
Dividend 12/01/2023 94975H312 324,899.25 Wells Fargo Advantage Treasury Plus MMF
0.000 2,645.90 0.00 2,645.90 0.00
Subtotal 649,798.50 79,745.17 0.00 79,745.17 0.00
TOTAL OTHER TRANSACTIONS 14,364,798.50 241,407.53 0.00 241,407.53 0.00 Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 19 Income Earned
As of December 31, 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
740,990.00
0.00 0.00
740,990.00
1,116.66
0.00 3,210.42
2,093.76
0.00 0.00
0.00 2,093.76
2,093.76
00440EAS6 Chubb INA Holdings Inc
Note
3.15% Due 03/15/2025
02/24/2021
02/26/2021
1,150,000.00
1,183,695.31
0.00 0.00
1,181,472.85
7,647.50
0.00 10,666.25
3,018.75
0.00 2,222.46
(2,222.46)
796.29
796.29
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
749,119.96
0.00 0.00
749,142.16
3,300.00
0.00 5,362.50
2,062.50
22.20 0.00
22.20 2,084.70
2,084.70
02582JJT8 American Express Credit Trust
2022-2 A
3.39% Due 05/17/2027
05/17/2022
05/24/2022
840,000.00
839,909.23
0.00 0.00
839,914.53
1,265.60
2,373.00
1,265.60
2,373.00
5.30 0.00
5.30 2,378.30
2,378.30
02582JJZ4 American Express Credit Trust
2023-1 A
4.87% Due 05/15/2028
06/07/2023
06/14/2023
375,000.00
374,972.04
0.00 0.00
374,973.01
811.67
1,521.87
811.67
1,521.87
0.97 0.00
0.97 1,522.84
1,522.84
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
02665WEM9 American Honda Finance
Note
5.125% Due 07/07/2028
08/17/2023
08/21/2023
1,200,000.00
1,190,033.13
0.00 0.00
1,190,217.04
24,600.00
0.00 29,725.00
5,125.00
183.91
0.00 183.91
5,308.91
5,308.91
037833ET3 Apple Inc
Callable Note Cont 4/10/2028
4% Due 05/10/2028
05/08/2023
05/10/2023
205,000.00
204,648.74
0.00 0.00
204,655.46
478.33
0.00 1,161.67
683.34
6.72 0.00
6.72 690.06
690.06
05592XAD2 BMW Vehicle Owner Trust
2023-A A3
5.47% Due 02/25/2028
07/11/2023
07/18/2023
180,000.00
179,971.64
0.00 0.00
179,972.45
164.10
820.50
164.10
820.50
0.81 0.00
0.81 821.31
821.31
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 20 Income Earned
As of December 31, 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
05601XAC3 BMW Vehicle Lease Trust
2022-1 A3
1.1% Due 03/25/2025
01/11/2022
01/19/2022
79,300.96
108,153.65
0.00 28,855.03
79,299.71
19.83 99.14
14.54 93.85
1.09 0.00
1.09 94.94
94.94 05602RAD3 BMW Vehicle Owner Trust
2022-A A3
3.21% Due 08/25/2026
05/10/2022
05/18/2022
317,293.19
324,991.48
0.00 7,706.81
317,285.32
173.88
869.38
169.75
865.25
0.65 0.00
0.65 865.90
865.90
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
962,302.98
0.00 0.00
963,076.38
13,915.11
0.00 17,101.78
3,186.67
773.40
0.00 773.40
3,960.07
3,960.07
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
500,693.02
0.00 0.00
500,655.06
2,967.75
3,297.50
219.83
549.58
0.00 37.96
(37.96)
511.62
511.62
06367WB85 Bank of Montreal
Note
1.85% Due 05/01/2025
03/24/2021
03/26/2021
1,150,000.00
1,161,140.37
0.00 0.00
1,160,472.37
1,772.92
0.00 3,545.83
1,772.91
0.00 668.00
(668.00)
1,104.91
1,104.91
06406RAB3 Bank of NY Mellon Corp
Callable Note 1X 2/7/2027
3.442% Due 02/07/2028
04/26/2023
04/28/2023
1,000,000.00
966,591.44
0.00 0.00
967,268.79
10,899.67
0.00 13,768.00
2,868.33
677.35
0.00 677.35
3,545.68
3,545.68
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
1,094,863.27
0.00 0.00
1,094,866.81
5,316.83
0.00 7,415.58
2,098.75
3.54 0.00
3.54 2,102.29
2,102.29
09690AAC7 BMW Vehicle Lease Trust
2021-2 A3
Due 12/26/2024
09/08/2021
09/15/2021
0.00 5,651.86
0.00 5,651.88
0.00 0.31
1.54 0.00
1.23 0.02
0.00 0.02
1.25 1.25
14913R2V8 Caterpillar Financial Service
Note
3.4% Due 05/13/2025
05/10/2022
05/13/2022
445,000.00
444,727.22
0.00 0.00
444,743.21
756.50
0.00 2,017.33
1,260.83
15.99 0.00
15.99 1,276.82
1,276.82
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 21 Income Earned
As of December 31, 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
14913R3A3 Caterpillar Financial Service
Note
3.6% Due 08/12/2027
08/22/2022
08/24/2022
700,000.00
695,014.53
0.00 0.00
695,129.01
7,630.00
0.00 9,730.00
2,100.00
114.48
0.00 114.48
2,214.48
2,214.48
161571HT4 Chase Issuance Trust
23-A1 A
5.16% Due 09/15/2028
09/07/2023
09/15/2023
1,005,000.00
1,004,740.98
0.00 0.00
1,004,748.86
2,304.80
4,321.50
2,304.80
4,321.50
7.88 0.00
7.88 4,329.38
4,329.38
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
3130A3GE8 FHLB
Note
Due 12/13/2024
02/26/2020
02/27/2020
0.00 1,877,544.67
0.00 1,876,014.41
0.00 23,741.67
26,709.38
0.00 2,967.71
0.00 1,530.26
(1,530.26)
1,437.45
1,437.45
3130A4CH3 FHLB
Note
2.375% Due 03/14/2025
03/19/2020
03/20/2020
1,750,000.00
1,776,052.05
0.00 0.00
1,774,330.06
8,889.76
0.00 12,353.30
3,463.54
0.00 1,721.99
(1,721.99)
1,741.55
1,741.55
3130ATUC9 FHLB
Note
4.5% Due 12/12/2025
02/08/2023
02/09/2023
1,800,000.00
1,809,711.11
0.00 0.00
1,809,305.39
38,025.00
40,500.00
4,275.00
6,750.00
0.00 405.72
(405.72)
6,344.28
6,344.28
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 22 Income Earned
As of December 31, 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
3130AWMN7 FHLB
Note
4.375% Due 06/09/2028
07/26/2023
07/27/2023
1,000,000.00
1,004,178.75
0.00 0.00
1,004,100.34
17,013.89
17,986.11
2,673.61
3,645.83
0.00 78.41
(78.41)
3,567.42
3,567.42
3130AWTR1 FHLB
Note
4.375% Due 09/08/2028
09/21/2023
09/22/2023
1,000,000.00
986,127.14
0.00 0.00
986,373.88
14,218.75
0.00 17,864.58
3,645.83
246.74
0.00 246.74
3,892.57
3,892.57
3133EPN50 FFCB
Note
4.25% Due 12/15/2028
12/28/2023
12/29/2023
1,000,000.00
0.00 1,016,720.00
0.00 1,016,692.33
0.00 (1,652.78)
1,888.89
236.11
0.00 27.67
(27.67)
208.44
208.44
3135G03U5 FNMA
Note
0.625% Due 04/22/2025
04/22/2020
04/24/2020
805,000.00
804,538.15
0.00 0.00
804,566.33
545.05
0.00 964.32
419.27
28.18 0.00
28.18 447.45
447.45
3135G04Z3 FNMA
Note
0.5% Due 06/17/2025
06/17/2020
06/19/2020
2,020,000.00
2,018,707.07
0.00 0.00
2,018,778.13
4,601.11
5,050.00
392.78
841.67
71.06 0.00
71.06 912.73
912.73
3135G05X7 FNMA
Note
0.375% Due 08/25/2025
08/25/2020
08/27/2020
1,700,000.00
1,697,238.95
0.00 0.00
1,697,374.17
1,700.00
0.00 2,231.25
531.25
135.22
0.00 135.22
666.47
666.47
3135G06G3 FNMA
Note
0.5% Due 11/07/2025
11/09/2020
11/12/2020
1,680,000.00
1,677,664.92
0.00 0.00
1,677,767.31
560.00
0.00 1,260.00
700.00
102.39
0.00 102.39
802.39
802.39
3135G0X24 FNMA
Note
1.625% Due 01/07/2025
01/08/2020
01/10/2020
1,835,000.00
1,833,706.68
0.00 0.00
1,833,806.16
11,927.50
0.00 14,412.40
2,484.90
99.48 0.00
99.48 2,584.38
2,584.38
3137BFE98 FHLMC
K041 A2
3.171% Due 10/25/2024
07/01/2021
07/07/2021
791,455.28
808,795.35
0.00 1,843.59
805,344.35
2,096.29
2,096.29
2,091.42
2,091.42
0.00 1,607.41
(1,607.41)
484.01
484.01
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 23 Income Earned
As of December 31, 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
3137EAEP0 FHLMC
Note
1.5% Due 02/12/2025
02/13/2020
02/14/2020
2,040,000.00
2,039,622.15
0.00 0.00
2,039,648.83
9,265.00
0.00 11,815.00
2,550.00
26.68 0.00
26.68 2,576.68
2,576.68
3137EAEU9 FHLMC
Note
0.375% Due 07/21/2025
07/21/2020
07/23/2020
1,075,000.00
1,073,244.85
0.00 0.00
1,073,335.84
1,455.73
0.00 1,791.67
335.94
90.99 0.00
90.99 426.93
426.93
3137EAEX3 FHLMC
Note
0.375% Due 09/23/2025
09/23/2020
09/25/2020
1,560,000.00
1,558,295.79
0.00 0.00
1,558,375.59
1,105.00
0.00 1,592.50
487.50
79.80 0.00
79.80 567.30
567.30
3137FG6X8 FHLMC
K077 A2
3.85% Due 05/25/2028
05/24/2023
05/30/2023
1,835,000.00
1,804,731.27
0.00 0.00
1,805,304.47
1,177.46
5,887.29
1,177.46
5,887.29
573.20
0.00 573.20
6,460.49
6,460.49
362554AC1 GM Financial Securitized Term
2021-4 A3
0.68% Due 09/16/2026
10/13/2021
10/21/2021
169,302.22
179,934.30
0.00 10,633.82
169,300.69
50.98 101.96
47.97 98.95
0.21 0.00
0.21 99.16
99.16 362585AC5 GM Financial Securitized ART
2022-2 A3
3.1% Due 02/16/2027
04/05/2022
04/13/2022
300,000.00
299,967.20
0.00 0.00
299,968.75
387.50
775.00
387.50
775.00
1.55 0.00
1.55 776.55
776.55
36265MAC9 GM Financial Auto Lease Trust
2022-1 A3
1.9% Due 03/20/2025
02/15/2022
02/23/2022
317,423.24
391,586.61
0.00 74,163.97
317,422.86
227.34
620.01
184.28
576.95
0.22 0.00
0.22 577.17
577.17
36266FAC3 GM Financial Auto Lease Trust
2022-2 A3
3.42% Due 06/20/2025
05/03/2022
05/11/2022
334,386.12
382,894.92
0.00 48,520.37
334,377.37
400.14
1,091.28
349.43
1,040.57
2.82 0.00
2.82 1,043.39
1,043.39
380146AC4 GM Financial Auto Receivables
2022-1 A3
1.26% Due 11/16/2026
01/11/2022
01/19/2022
166,790.55
176,996.25
0.00 10,212.45
166,784.57
92.93 185.85
87.57 180.49
0.77 0.00
0.77 181.26
181.26
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 24 Income Earned
As of December 31, 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
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 A3
0.37% Due 10/18/2024
09/22/2020
09/29/2020
10,016.83
25,603.14
0.00 15,586.31
10,016.83
3.42 7.89
1.34 5.81
0.00 0.00
0.00 5.81
5.81 43815BAC4 Honda Auto Receivables Trust
2022-1 A3
1.88% Due 05/15/2026
02/15/2022
02/23/2022
487,951.82
499,966.07
0.00 12,048.18
487,920.64
417.78
783.33
407.71
773.26
2.75 0.00
2.75 776.01
776.01
43815GAC3 Honda Auto Receivables Trust
2021-4 A3
0.88% Due 01/21/2026
11/16/2021
11/24/2021
215,931.20
231,829.28
0.00 15,916.56
215,915.18
56.67 170.02
52.78 166.13
2.46 0.00
2.46 168.59
168.59
44891RAC4 Hyundai Auto Receivables Trust
2020-C A3
0.38% Due 05/15/2025
10/20/2020
10/28/2020
51,949.82
70,302.18
0.00 18,353.38
51,949.37
11.87 22.26
8.77 19.16
0.57 0.00
0.57 19.73
19.73 44933LAC7 Hyundai Auto Receivables Trust
2021-A A3
0.38% Due 09/15/2025
04/20/2021
04/28/2021
117,126.86
135,799.76
0.00 18,675.03
117,125.37
22.94 43.00
19.78 39.84
0.64 0.00
0.64 40.48
40.48 44934KAC8 Hyundai Auto Receivables Trust
2021-B A3
0.38% Due 01/15/2026
07/20/2021
07/28/2021
388,313.93
429,383.02
0.00 41,093.02
388,294.61
72.52 135.98
65.58 129.04
4.61 0.00
4.61 133.65
133.65
44935FAD6 Hyundai Auto Receivables Trust
2021-C A3
0.74% Due 05/15/2026
11/09/2021
11/17/2021
151,913.10
163,534.24
0.00 11,634.13
151,901.95
53.79 100.85
49.96 97.02
1.84 0.00
1.84 98.86
98.86 45950KDD9 International Finance Corp
Note
4.5% Due 07/13/2028
07/06/2023
07/13/2023
520,000.00
519,467.35
0.00 0.00
519,477.14
8,970.00
0.00 10,920.00
1,950.00
9.79 0.00
9.79 1,959.79
1,959.79
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 25 Income Earned
As of December 31, 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
46647PBF2 JP Morgan Chase & Co
Callable Note 1X 10/15/2024
2.301% Due 10/15/2025
11/13/2020
11/17/2020
1,150,000.00
1,163,484.56
0.00 0.00
1,162,174.15
3,381.19
0.00 5,586.32
2,205.13
0.00 1,310.41
(1,310.41)
894.72
894.72
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
506,183.25
0.00 0.00
505,805.93
1,128.29
0.00 1,996.21
867.92
0.00 377.32
(377.32)
490.60
490.60
47787JAC2 John Deere Owner Trust
2022-A A3
2.32% Due 09/16/2026
03/10/2022
03/16/2022
257,737.70
272,632.23
0.00 14,925.37
257,709.93
281.15
527.15
265.76
511.76
3.07 0.00
3.07 514.83
514.83
47788UAC6 John Deere Owner Trust
2021-A A3
0.36% Due 09/15/2025
03/02/2021
03/10/2021
71,223.21
81,174.12
0.00 9,954.69
71,220.21
12.99 24.35
11.40 22.76
0.78 0.00
0.78 23.54
23.54 47789QAC4 John Deere Owner Trust
2021-B A3
0.52% Due 03/16/2026
07/13/2021
07/21/2021
237,629.23
251,531.04
0.00 13,909.72
237,622.25
58.13 109.00
54.92 105.79
0.93 0.00
0.93 106.72
106.72
47800AAC4 John Deere Owner Trust
2022-B A3
3.74% Due 02/16/2027
07/12/2022
07/20/2022
400,000.00
399,976.40
0.00 0.00
399,977.30
664.89
1,246.67
664.89
1,246.67
0.90 0.00
0.90 1,247.57
1,247.57
58768PAC8 Mercedes-Benz Auto Receivables
2022-1 A3
5.21% Due 08/16/2027
11/15/2022
11/22/2022
915,000.00
914,872.31
0.00 0.00
914,876.73
2,118.73
3,972.63
2,118.73
3,972.63
4.42 0.00
4.42 3,977.05
3,977.05
58769KAD6 Mercedes-Benz Auto Lease Trust
2021-B A3
0.4% Due 11/15/2024
06/22/2021
06/29/2021
41,466.60
89,795.87
0.00 48,329.60
41,466.55
15.96 29.93
7.37 21.34
0.28 0.00
0.28 21.62
21.62 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
1,240,108.92
0.00 0.00
1,240,090.26
27.20 0.00
843.54
816.34
0.00 18.66
(18.66)
797.68
797.68
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 26 Income Earned
As of December 31, 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
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
684,012.98
0.00 0.00
684,067.41
10,897.21
11,816.25
1,050.33
1,969.37
54.43 0.00
54.43 2,023.80
2,023.80
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
909,403.59
0.00 0.00
911,685.06
2,715.28
0.00 4,486.11
1,770.83
2,281.47
0.00 2,281.47
4,052.30
4,052.30
74456QBU9 Public Service El & Gas
Callable Note Cont 02/01/28
3.7% Due 05/01/2028
09/06/2023
09/08/2023
1,250,000.00
1,182,027.31
0.00 0.00
1,183,333.66
3,854.17
0.00 7,708.33
3,854.16
1,306.35
0.00 1,306.35
5,160.51
5,160.51
747525AT0 Qualcomm Inc
Callable Note Cont 3/20/2024
2.9% Due 05/20/2024
09/26/2022
09/28/2022
250,000.00
243,577.50
0.00 0.00
243,577.50
221.53
0.00 825.69
604.16
0.00 0.00
0.00 604.16
604.16
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
961,123.37
0.00 0.00
961,923.62
13,788.89
0.00 16,830.56
3,041.67
800.25
0.00 800.25
3,841.92
3,841.92
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
745,192.50
0.00 0.00
745,192.50
11,020.83
0.00 13,895.83
2,875.00
0.00 0.00
0.00 2,875.00
2,875.00
78015K7H1 Royal Bank of Canada
Note
1.15% Due 06/10/2025
12/22/2021
12/27/2021
400,000.00
398,339.16
0.00 0.00
398,431.59
2,185.00
2,300.00
268.33
383.33
92.43 0.00
92.43 475.76
475.76
78016HZS2 ROYAL BANK OF CANADA
Note
5.2% Due 08/01/2028
09/07/2023
09/11/2023
1,000,000.00
986,654.03
0.00 0.00
986,896.69
18,922.22
0.00 23,255.56
4,333.34
242.66
0.00 242.66
4,576.00
4,576.00
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 27 Income Earned
As of December 31, 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
808513BY0 Charles Schwab Corp
Callable Note Cont 2/3/2027
2.45% Due 03/03/2027
Various
Various
1,000,000.00
990,458.87
0.00 0.00
990,707.83
5,988.89
0.00 8,030.56
2,041.67
248.96
0.00 248.96
2,290.63
2,290.63
87612EBM7 Target Corp
Callable Note Cont 12/15/2026
1.95% Due 01/15/2027
01/19/2022
01/24/2022
545,000.00
544,418.20
0.00 0.00
544,434.00
4,014.83
0.00 4,900.46
885.63
15.80 0.00
15.80 901.43
901.43
89114QCB2 Toronto Dominion Bank
Note
3.25% Due 03/11/2024
Various
Various
750,000.00
740,162.50
0.00 0.00
740,162.50
5,416.67
0.00 7,447.92
2,031.25
0.00 0.00
0.00 2,031.25
2,031.25
89115A2M3 Toronto-Dominion Bank
Note
5.156% Due 01/10/2028
06/28/2023
06/30/2023
1,100,000.00
1,095,410.84
0.00 0.00
1,095,505.62
22,213.77
0.00 26,940.10
4,726.33
94.78 0.00
94.78 4,821.11
4,821.11
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
809,818.48
0.00 0.00
809,824.53
4,125.94
4,556.25
329.06
759.37
6.05 0.00
6.05 765.42
765.42
89238FAD5 Toyota Auto Receivables OT
2022-B A3
2.93% Due 09/15/2026
04/07/2022
04/13/2022
335,000.00
334,996.10
0.00 0.00
334,996.30
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 A3
0.26% Due 05/15/2025
02/02/2021
02/08/2021
36,904.63
44,319.58
0.00 7,415.71
36,904.18
5.12 9.60
4.26 8.74
0.31 0.00
0.31 9.05
9.05 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
1,149,440.92
0.00 0.00
1,149,482.48
8,513.19
0.00 10,477.78
1,964.59
41.56 0.00
41.56 2,006.15
2,006.15
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 28 Income Earned
As of December 31, 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
9128283W8 US Treasury
Note
2.75% Due 02/15/2028
03/08/2023
03/09/2023
1,250,000.00
1,174,243.95
0.00 0.00
1,175,771.88
10,088.32
0.00 12,984.04
2,895.72
1,527.93
0.00 1,527.93
4,423.65
4,423.65
9128283Z1 US Treasury
Note
2.75% Due 02/28/2025
03/05/2020
03/06/2020
700,000.00
717,629.88
0.00 0.00
716,428.73
4,865.38
0.00 6,504.81
1,639.43
0.00 1,201.15
(1,201.15)
438.28
438.28
9128285M8 US Treasury
Note
3.125% Due 11/15/2028
11/17/2023
11/20/2023
1,000,000.00
939,935.14
0.00 0.00
940,963.31
1,373.63
0.00 4,035.03
2,661.40
1,028.17
0.00 1,028.17
3,689.57
3,689.57
9128285Z9 US Treasury
Note
2.5% Due 01/31/2024
Various
Various
5,000,000.00
4,924,238.29
0.00 0.00
4,924,238.29
41,779.89
0.00 52,309.78
10,529.89
0.00 0.00
0.00 10,529.89
10,529.89
912828B66 US Treasury
Note
2.75% Due 02/15/2024
Various
Various
5,000,000.00
4,917,539.06
0.00 0.00
4,917,539.06
40,353.26
0.00 51,936.14
11,582.88
0.00 0.00
0.00 11,582.88
11,582.88
912828J27 US Treasury
Note
2% Due 02/15/2025
02/27/2020
02/28/2020
1,850,000.00
1,870,196.69
0.00 0.00
1,868,780.18
10,858.70
0.00 13,975.54
3,116.84
0.00 1,416.51
(1,416.51)
1,700.33
1,700.33
912828V98 US Treasury
Note
2.25% Due 02/15/2027
02/06/2023
02/07/2023
1,250,000.00
1,188,644.08
0.00 0.00
1,190,266.98
8,254.08
0.00 10,623.30
2,369.22
1,622.90
0.00 1,622.90
3,992.12
3,992.12
912828Z78 US Treasury
Note
1.5% Due 01/31/2027
03/30/2022
03/31/2022
500,000.00
485,804.53
0.00 0.00
486,184.87
2,506.79
0.00 3,138.59
631.80
380.34
0.00 380.34
1,012.14
1,012.14
912828ZC7 US Treasury
Note
1.125% Due 02/28/2025
Various
Various
1,500,000.00
1,511,526.83
0.00 0.00
1,510,741.48
4,265.10
0.00 5,702.26
1,437.16
0.00 785.35
(785.35)
651.81
651.81
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 29 Income Earned
As of December 31, 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
91282CAZ4 US Treasury
Note
0.375% Due 11/30/2025
12/28/2020
12/29/2020
2,000,000.00
1,999,777.84
0.00 0.00
1,999,787.28
20.49 0.00
655.74
635.25
9.44 0.00
9.44 644.69
644.69
91282CBC4 US Treasury
Note
0.375% Due 12/31/2025
01/27/2021
01/28/2021
2,000,000.00
1,999,206.41
0.00 0.00
1,999,238.74
3,138.59
3,750.00
20.60 632.01
32.33 0.00
32.33 664.34
664.34
91282CBT7 US Treasury
Note
0.75% Due 03/31/2026
03/30/2021
03/31/2021
1,500,000.00
1,494,401.99
0.00 0.00
1,494,605.91
1,905.74
0.00 2,858.61
952.87
203.92
0.00 203.92
1,156.79
1,156.79
91282CBV2 US Treasury
Note
0.375% Due 04/15/2024
Various
Various
5,000,000.00
4,830,107.43
0.00 0.00
4,830,107.43
2,407.79
0.00 3,995.91
1,588.12
0.00 0.00
0.00 1,588.12
1,588.12
91282CBW0 US Treasury
Note
0.75% Due 04/30/2026
04/29/2021
04/30/2021
1,000,000.00
996,814.91
0.00 0.00
996,926.98
638.74
0.00 1,277.47
638.73
112.07
0.00 112.07
750.80
750.80
91282CCP4 US Treasury
Note
0.625% Due 07/31/2026
08/10/2021
08/11/2021
1,000,000.00
994,911.35
0.00 0.00
995,073.47
2,088.99
0.00 2,615.49
526.50
162.12
0.00 162.12
688.62
688.62
91282CCW9 US Treasury
Note
0.75% Due 08/31/2026
Various
Various
2,250,000.00
2,236,781.50
0.00 0.00
2,237,189.64
4,265.11
0.00 5,702.27
1,437.16
408.14
0.00 408.14
1,845.30
1,845.30
91282CDG3 US Treasury
Note
1.125% Due 10/31/2026
Various
Various
3,000,000.00
2,987,818.40
0.00 0.00
2,988,172.97
2,874.31
0.00 5,748.63
2,874.32
354.57
0.00 354.57
3,228.89
3,228.89
91282CEF4 US Treasury
Note
2.5% Due 03/31/2027
09/27/2022
09/28/2022
1,250,000.00
1,184,091.94
0.00 0.00
1,185,772.16
5,293.72
0.00 7,940.57
2,646.85
1,680.22
0.00 1,680.22
4,327.07
4,327.07
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 30 Income Earned
As of December 31, 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
91282CEG2 US Treasury
Note
2.25% Due 03/31/2024
Various
Various
5,000,000.00
4,912,880.86
0.00 0.00
4,912,880.86
19,057.38
0.00 28,586.07
9,528.69
0.00 0.00
0.00 9,528.69
9,528.69
91282CEN7 US Treasury
Note
2.75% Due 04/30/2027
Various
Various
2,500,000.00
2,462,115.67
0.00 0.00
2,463,058.22
5,855.08
0.00 11,710.17
5,855.09
942.55
0.00 942.55
6,797.64
6,797.64
91282CER8 US Treasury
Note
2.5% Due 05/31/2024
Various
Various
5,000,000.00
4,901,103.52
0.00 0.00
4,901,103.52
341.53
0.00 10,928.96
10,587.43
0.00 0.00
0.00 10,587.43
10,587.43
91282CEW7 US Treasury
Note
3.25% Due 06/30/2027
07/12/2022
07/13/2022
1,400,000.00
1,411,748.50
0.00 0.00
1,411,469.84
19,040.76
22,750.00
125.00
3,834.24
0.00 278.66
(278.66)
3,555.58
3,555.58
91282CFH9 US Treasury
Note
3.125% Due 08/31/2027
09/08/2022
09/09/2022
1,000,000.00
991,788.68
0.00 0.00
991,974.62
7,898.35
0.00 10,559.75
2,661.40
185.94
0.00 185.94
2,847.34
2,847.34
91282CFM8 US Treasury
Note
4.125% Due 09/30/2027
10/28/2022
10/31/2022
1,000,000.00
997,564.42
0.00 0.00
997,618.38
6,987.70
0.00 10,481.56
3,493.86
53.96 0.00
53.96 3,547.82
3,547.82
91282CFU0 US Treasury
Note
4.125% Due 10/31/2027
12/20/2022
12/21/2022
1,100,000.00
1,111,077.46
0.00 0.00
1,110,837.32
3,864.35
0.00 7,728.71
3,864.36
0.00 240.14
(240.14)
3,624.22
3,624.22
91282CGC9 US Treasury
Note
3.875% Due 12/31/2027
01/26/2023
01/27/2023
1,250,000.00
1,261,897.72
0.00 0.00
1,261,650.35
20,270.04
24,218.75
133.07
4,081.78
0.00 247.37
(247.37)
3,834.41
3,834.41
91282CGT2 US Treasury
Note
3.625% Due 03/31/2028
06/29/2023
06/30/2023
1,750,000.00
1,712,124.50
0.00 0.00
1,712,866.68
10,746.24
0.00 16,119.36
5,373.12
742.18
0.00 742.18
6,115.30
6,115.30
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 31 Income Earned
As of December 31, 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
91282CHA2 US Treasury
Note
3.5% Due 04/30/2028
Various
Various
2,180,000.00
2,175,809.56
0.00 0.00
2,175,890.14
6,498.07
0.00 12,996.16
6,498.09
112.68
32.10 80.58
6,578.67
6,578.67
91282CHQ7 US Treasury
Note
4.125% Due 07/31/2028
09/28/2023
09/29/2023
1,000,000.00
977,096.77
0.00 0.00
977,513.44
13,787.36
0.00 17,262.23
3,474.87
416.67
0.00 416.67
3,891.54
3,891.54
91282CHX2 US Treasury
Note
4.375% Due 08/31/2028
09/25/2023
09/26/2023
1,500,000.00
1,486,170.60
0.00 0.00
1,486,417.70
16,586.54
0.00 22,175.48
5,588.94
247.10
0.00 247.10
5,836.04
5,836.04
91282CJA0 US Treasury
Note
4.625% Due 09/30/2028
Various
Various
1,850,000.00
1,826,301.90
0.00 0.00
1,826,718.12
14,494.19
0.00 21,741.29
7,247.10
416.22
0.00 416.22
7,663.32
7,663.32
91282CJN2 US Treasury
Note
4.375% Due 11/30/2028
12/21/2023
12/22/2023
1,500,000.00
0.00 1,536,855.47
0.00 1,536,651.28
0.00 (3,944.67)
5,737.70
1,793.03
0.00 204.19
(204.19)
1,588.84
1,588.84
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
1,237,434.35
0.00 0.00
1,237,695.63
636.33
0.00 1,829.45
1,193.12
275.21
13.93 261.28
1,454.40
1,454.40
92348KAV5 Verizon Master Trust
2022-5 A1A
3.72% Due 07/20/2027
08/02/2022
08/11/2022
350,000.00
349,991.85
0.00 0.00
349,992.32
397.83
1,085.00
397.83
1,085.00
0.47 0.00
0.47 1,085.47
1,085.47
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
249,456.59
0.00 0.00
249,469.94
416.67
0.00 1,197.92
781.25
13.35 0.00
13.35 794.60
794.60
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 32 Income Earned
As of December 31, 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
239,746.37
0.00 0.00
239,754.07
518.00
0.00 728.00
210.00
7.70 0.00
7.70 217.70
217.70
931142EX7 Wal-Mart Stores
Callable Note Cont 09/09/2027
3.95% Due 09/09/2027
Various
09/09/2022
500,000.00
499,521.70
0.00 0.00
499,532.46
4,498.61
0.00 6,144.44
1,645.83
10.76 0.00
10.76 1,656.59
1,656.59
Total Fixed Income 125,154,116.49
123,725,139.94
2,553,575.47
2,291,444.03
123,992,284.56
673,091.82
187,187.02
741,997.11
256,092.31
19,438.85
14,425.67
5,013.18
261,105.49 261,105.49
EQUITY
85253$413 Wells Fargo Stagecoach
Sweep Account
Various
Various
13,204,243.26
17,607,891.89
0.00 4,403,648.63
13,204,243.26
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 Total Equity 13,204,243.26
17,607,891.89
0.00 4,403,648.63
13,204,243.26
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00 0.00
CASH & EQUIVALENT
3130AJHU6 FHLB
Note
0.5% Due 04/14/2025
05/28/2020
05/29/2020
1,900,000.00
1,899,887.98
0.00 0.00
1,899,894.93
1,240.28
0.00 2,031.94
791.66
6.95 0.00
6.95 798.61
798.61
912796Y45 US Treasury
Bill
5.051% Due 06/27/2024
12/29/2023
12/29/2023
10,000,000.00
0.00 9,746,046.94
0.00 9,746,046.94
0.00 0.00
4,209.17
4,209.17
0.00 0.00
0.00 4,209.17
4,209.17
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 33 Income Earned
As of December 31, 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
912797FT9 US Treasury
Bill
Due 12/07/2023
Various
Various
0.00 14,653,180.21
0.00 14,653,180.21
0.00 333,834.37
346,819.79
0.00 12,985.42
0.00 0.00
0.00 12,985.42
12,985.42
912797FU6 US Treasury
Bill
Due 12/14/2023
09/28/2023
09/29/2023
0.00 4,944,039.72
0.00 4,944,039.72
0.00 46,388.13
55,960.28
0.00 9,572.15
0.00 0.00
0.00 9,572.15
9,572.15
912797GY7 US Treasury
Bill
5.216% Due 03/28/2024
12/29/2023
12/29/2023
10,000,000.00
0.00 9,869,605.00
0.00 9,869,605.00
0.00 0.00
4,346.50
4,346.50
0.00 0.00
0.00 4,346.50
4,346.50
912797HF7 US Treasury
Bill
5.173% Due 04/11/2024
12/29/2023
12/29/2023
10,000,000.00
0.00 9,850,572.22
0.00 9,850,572.22
0.00 0.00
4,310.42
4,310.42
0.00 0.00
0.00 4,310.42
4,310.42
912797HQ3 US Treasury
Bill
5.124% Due 05/09/2024
12/29/2023
12/29/2023
7,000,000.00
0.00 6,868,473.73
0.00 6,868,473.73
0.00 0.00
2,989.23
2,989.23
0.00 0.00
0.00 2,989.23
2,989.23
912797JF5 US Treasury
Bill
5.266% Due 02/27/2024
12/29/2023
12/29/2023
10,000,000.00
0.00 9,912,241.67
0.00 9,912,241.67
0.00 0.00
4,387.92
4,387.92
0.00 0.00
0.00 4,387.92
4,387.92
94975H312 Wells Fargo
Advantage Treasury Plus MMF
Various
Various
1,402,248.40
27,717,860.17
20,959,900.12
47,275,511.89
1,402,248.40
0.00 79,745.17
0.00 79,745.17
0.00 0.00
0.00 79,745.17
79,745.17
Total Cash & Equivalent 50,302,248.40
49,214,968.08
67,206,839.68
66,872,731.82
49,549,082.89
381,462.78
482,525.24
22,275.18
123,337.64
6.95 0.00
6.95 123,344.59 123,344.59
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 34 Income Earned
As of December 31, 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
LOCAL AGENCY INVESTMENT FUND
90LAIF$00 Local Agency Investment Fund
State Pool
Various
Various
47,017,597.53
47,017,597.53
0.00 0.00
47,017,597.53
294,205.84
0.00 450,291.43
156,085.59
0.00 0.00
0.00 156,085.59
156,085.59
Total Local Agency Investment Fund 47,017,597.53
47,017,597.53
0.00 0.00
47,017,597.53
294,205.84
0.00 450,291.43
156,085.59
0.00 0.00
0.00 156,085.59 156,085.59
TOTAL PORTFOLIO 235,678,205.68
237,565,597.44
69,760,415.15
73,567,824.48
233,763,208.24
1,348,760.44
669,712.26
1,214,563.72
535,515.54
19,445.80
14,425.67
5,020.13
540,535.67 540,535.67
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 35 Cash Flow Report
As of December 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/07/2024 Interest 02665WEM9 1,200,000.00 American Honda Finance Note
5.125% Due 7/7/2028
0.00 30,750.00 30,750.00
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
01/13/2024 Interest 45950KDD9 520,000.00 International Finance Corp Note
4.5% Due 7/13/2028
0.00 11,700.00 11,700.00
01/15/2024 Dividend 90LAIF$00 4,319,025,755.31 Local Agency Investment Fund State Pool 0.00 450,248.17 450,248.17 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 Paydown 89238FAD5 335,000.00 Toyota Auto Receivables OT 2022-B A3
2.93% Due 9/15/2026
17,316.71 817.96 18,134.67
01/15/2024 Paydown 89240BAC2 36,904.63 Toyota Auto Receivables Owners 2021-A A3
0.26% Due 5/15/2025
12,297.54 8.00 12,305.54
01/15/2024 Paydown 161571HT4 1,005,000.00 Chase Issuance Trust 23-A1 A
5.16% Due 9/15/2028
0.00 4,321.50 4,321.50
01/15/2024 Paydown 43815BAC4 487,951.82 Honda Auto Receivables Trust 2022-1 A3
1.88% Due 5/15/2026
27,709.73 764.46 28,474.19
01/15/2024 Paydown 47789QAC4 237,629.23 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
15,831.79 102.97 15,934.76
01/15/2024 Paydown 58768PAC8 915,000.00 Mercedes-Benz Auto Receivables 2022-1 A3
5.21% Due 8/16/2027
0.00 3,972.63 3,972.63
01/15/2024 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
01/15/2024 Paydown 44891RAC4 51,949.82 Hyundai Auto Receivables Trust 2020-C A3
0.38% Due 5/15/2025
25,970.15 16.45 25,986.60
01/15/2024 Paydown 44933LAC7 117,126.86 Hyundai Auto Receivables Trust 2021-A A3
0.38% Due 9/15/2025
23,410.15 37.09 23,447.24
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 36 Cash Flow Report
As of December 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/15/2024 Paydown 44934KAC8 388,313.93 Hyundai Auto Receivables Trust 2021-B A3
0.38% Due 1/15/2026
43,130.17 122.97 43,253.14
01/15/2024 Paydown 47787JAC2 257,737.70 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
12,116.46 498.29 12,614.75
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 151,913.10 Hyundai Auto Receivables Trust 2021-C A3
0.74% Due 5/15/2026
11,673.94 93.68 11,767.62
01/15/2024 Paydown 47788UAC6 71,223.21 John Deere Owner Trust 2021-A A3
0.36% Due 9/15/2025
7,111.91 21.37 7,133.28
01/15/2024 Paydown 47800AAC4 400,000.00 John Deere Owner Trust 2022-B A3
3.74% Due 2/16/2027
0.00 1,246.67 1,246.67
01/15/2024 Paydown 58769KAD6 41,466.60 Mercedes-Benz Auto Lease Trust 2021-B A3
0.4% Due 11/15/2024
41,466.60 13.82 41,480.42
01/16/2024 Paydown 362585AC5 300,000.00 GM Financial Securitized ART 2022-2 A3
3.1% Due 2/16/2027
14,251.22 775.00 15,026.22
01/16/2024 Paydown 380146AC4 166,790.55 GM Financial Auto Receivables 2022-1 A3
1.26% Due 11/16/2026
9,471.68 175.13 9,646.81
01/16/2024 Paydown 362554AC1 169,302.22 GM Financial Securitized Term 2021-4 A3
0.68% Due 9/16/2026
11,268.39 95.94 11,364.33
01/20/2024 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
01/20/2024 Paydown 92348KAV5 350,000.00 Verizon Master Trust 2022-5 A1A
3.72% Due 7/20/2027
20,082.39 1,085.00 21,167.39
01/20/2024 Paydown 3137BFE98 0.00 FHLMC K041 A2
3.171% Due 10/25/2024
1,843.59 2,096.29 3,939.88
01/20/2024 Paydown 36266FAC3 334,386.12 GM Financial Auto Lease Trust 2022-2 A3
3.42% Due 6/20/2025
47,734.82 953.00 48,687.82
01/20/2024 Paydown 36265MAC9 317,423.24 GM Financial Auto Lease Trust 2022-1 A3
1.9% Due 3/20/2025
78,835.94 502.59 79,338.53
01/21/2024 Interest 3137EAEU9 1,075,000.00 FHLMC Note
0.375% Due 7/21/2025
0.00 2,015.63 2,015.63
01/21/2024 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
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 37 Cash Flow Report
As of December 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/21/2024 Paydown 43815GAC3 215,931.20 Honda Auto Receivables Trust 2021-4 A3
0.88% Due 1/21/2026
15,400.28 158.35 15,558.63
01/25/2024 Paydown 05601XAC3 79,300.96 BMW Vehicle Lease Trust 2022-1 A3
1.1% Due 3/25/2025
26,318.13 72.69 26,390.82
01/25/2024 Paydown 05592XAD2 180,000.00 BMW Vehicle Owner Trust 2023-A A3
5.47% Due 2/25/2028
0.00 820.50 820.50
01/25/2024 Paydown 05602RAD3 317,293.19 BMW Vehicle Owner Trust 2022-A A3
3.21% Due 8/25/2026
40,234.14 848.76 41,082.90
01/25/2024 Paydown 3137BFE98 791,455.28 FHLMC K041 A2
3.171% Due 10/25/2024
0.00 2,091.42 2,091.42
01/25/2024 Paydown 3137FG6X8 1,835,000.00 FHLMC K077 A2
3.85% Due 5/25/2028
31,430.61 5,887.29 37,317.90
01/31/2024 Interest 912828Z78 500,000.00 US Treasury Note
1.5% Due 1/31/2027
0.00 3,750.00 3,750.00
01/31/2024 Interest 91282CCP4 1,000,000.00 US Treasury Note
0.625% Due 7/31/2026
0.00 3,125.00 3,125.00
01/31/2024 Interest 91282CHQ7 1,000,000.00 US Treasury Note
4.125% Due 7/31/2028
0.00 20,625.00 20,625.00
01/31/2024 Maturity 9128285Z9 5,000,000.00 US Treasury Note
2.5% Due 1/31/2024
5,000,000.00 62,500.00 5,062,500.00
JAN 2024 5,784,906.34 718,384.63 6,503,290.97
02/01/2024 Interest 78016HZS2 1,000,000.00 ROYAL BANK OF CANADA Note
5.2% Due 8/1/2028
0.00 27,588.89 27,588.89
02/06/2024 Maturity 756109BD5 750,000.00 Realty Income Corp Callable Note Cont 11/6/2023
4.6% Due 2/6/2024
750,000.00 17,250.00 767,250.00
02/07/2024 Interest 06406RAB3 1,000,000.00 Bank of NY Mellon Corp Callable Note 1X 2/7/2027
3.442% Due 2/7/2028
0.00 17,210.00 17,210.00
02/07/2024 Maturity 637432NL5 250,000.00 National Rural Utilities Callable Note Cont 12/7/2023
2.95% Due 2/7/2024
250,000.00 3,687.50 253,687.50
02/12/2024 Interest 3137EAEP0 2,040,000.00 FHLMC Note
1.5% Due 2/12/2025
0.00 15,300.00 15,300.00
02/12/2024 Interest 14913R3A3 700,000.00 Caterpillar Financial Service Note
3.6% Due 8/12/2027
0.00 12,600.00 12,600.00
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 38 Cash Flow Report
As of December 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/15/2024 Interest 912828J27 1,850,000.00 US Treasury Note 2% Due 2/15/2025
0.00 18,500.00 18,500.00
02/15/2024 Interest 9128283W8 1,250,000.00 US Treasury Note
2.75% Due 2/15/2028
0.00 17,187.50 17,187.50
02/15/2024 Interest 912828V98 1,250,000.00 US Treasury Note
2.25% Due 2/15/2027
0.00 14,062.50 14,062.50
02/15/2024 Maturity 437076BC5 250,000.00 Home Depot Callable Note Cont 11/15/2023
3.75% Due 2/15/2024
250,000.00 4,687.50 254,687.50
02/15/2024 Maturity 912828B66 5,000,000.00 US Treasury Note
2.75% Due 2/15/2024
5,000,000.00 68,750.00 5,068,750.00
02/15/2024 Paydown 43815BAC4 487,951.82 Honda Auto Receivables Trust 2022-1 A3
1.88% Due 5/15/2026
27,831.19 721.05 28,552.24
02/15/2024 Paydown 47800AAC4 400,000.00 John Deere Owner Trust 2022-B A3
3.74% Due 2/16/2027
0.00 1,246.67 1,246.67
02/15/2024 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
02/15/2024 Paydown 44933LAC7 117,126.86 Hyundai Auto Receivables Trust 2021-A A3
0.38% Due 9/15/2025
23,417.76 29.68 23,447.44
02/15/2024 Paydown 47787JAC2 257,737.70 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
12,132.01 474.87 12,606.88
02/15/2024 Paydown 47789QAC4 237,629.23 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
15,833.24 96.11 15,929.35
02/15/2024 Paydown 89238FAD5 335,000.00 Toyota Auto Receivables OT 2022-B A3
2.93% Due 9/15/2026
17,351.30 775.68 18,126.98
02/15/2024 Paydown 89240BAC2 36,904.63 Toyota Auto Receivables Owners 2021-A A3
0.26% Due 5/15/2025
12,301.54 5.33 12,306.87
02/15/2024 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
02/15/2024 Paydown 44935FAD6 151,913.10 Hyundai Auto Receivables Trust 2021-C A3
0.74% Due 5/15/2026
11,675.89 86.48 11,762.37
02/15/2024 Paydown 47788UAC6 71,223.21 John Deere Owner Trust 2021-A A3
0.36% Due 9/15/2025
7,114.23 19.23 7,133.46
02/15/2024 Paydown 161571HT4 1,005,000.00 Chase Issuance Trust 23-A1 A
5.16% Due 9/15/2028
0.00 4,321.50 4,321.50
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 39 Cash Flow Report
As of December 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/15/2024 Paydown 44891RAC4 51,949.82 Hyundai Auto Receivables Trust 2020-C A3
0.38% Due 5/15/2025
25,979.67 8.23 25,987.90
02/15/2024 Paydown 44934KAC8 388,313.93 Hyundai Auto Receivables Trust 2021-B A3
0.38% Due 1/15/2026
43,134.13 109.31 43,243.44
02/15/2024 Paydown 58768PAC8 915,000.00 Mercedes-Benz Auto Receivables 2022-1 A3
5.21% Due 8/16/2027
0.00 3,972.63 3,972.63
02/16/2024 Paydown 362554AC1 169,302.22 GM Financial Securitized Term 2021-4 A3
0.68% Due 9/16/2026
11,271.02 89.55 11,360.57
02/16/2024 Paydown 362585AC5 300,000.00 GM Financial Securitized ART 2022-2 A3
3.1% Due 2/16/2027
14,254.67 738.18 14,992.85
02/16/2024 Paydown 380146AC4 166,790.55 GM Financial Auto Receivables 2022-1 A3
1.26% Due 11/16/2026
9,513.20 165.18 9,678.38
02/20/2024 Paydown 36266FAC3 334,386.12 GM Financial Auto Lease Trust 2022-2 A3
3.42% Due 6/20/2025
47,746.36 816.96 48,563.32
02/20/2024 Paydown 92348KAV5 350,000.00 Verizon Master Trust 2022-5 A1A
3.72% Due 7/20/2027
20,144.65 1,022.74 21,167.39
02/20/2024 Paydown 36265MAC9 317,423.24 GM Financial Auto Lease Trust 2022-1 A3
1.9% Due 3/20/2025
79,181.51 377.76 79,559.27
02/21/2024 Paydown 43815GAC3 215,931.20 Honda Auto Receivables Trust 2021-4 A3
0.88% Due 1/21/2026
15,403.87 147.06 15,550.93
02/25/2024 Interest 3135G05X7 1,700,000.00 FNMA Note
0.375% Due 8/25/2025
0.00 3,187.50 3,187.50
02/25/2024 Paydown 3137FG6X8 1,835,000.00 FHLMC K077 A2
3.85% Due 5/25/2028
31,545.85 5,786.45 37,332.30
02/25/2024 Paydown 05601XAC3 79,300.96 BMW Vehicle Lease Trust 2022-1 A3
1.1% Due 3/25/2025
26,433.48 48.57 26,482.05
02/25/2024 Paydown 05602RAD3 317,293.19 BMW Vehicle Owner Trust 2022-A A3
3.21% Due 8/25/2026
37,601.80 741.13 38,342.93
02/25/2024 Paydown 05592XAD2 180,000.00 BMW Vehicle Owner Trust 2023-A A3
5.47% Due 2/25/2028
0.00 820.50 820.50
02/25/2024 Paydown 3137BFE98 791,455.28 FHLMC K041 A2
3.171% Due 10/25/2024
0.00 2,091.42 2,091.42
02/27/2024 Maturity 912797JF5 10,000,000.00 US Treasury Bill
5.266% Due 2/27/2024
9,912,241.67 87,758.33 10,000,000.00
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 40 Cash Flow Report
As of December 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/29/2024 Interest 9128283Z1 700,000.00 US Treasury Note
2.75% Due 2/28/2025
0.00 9,625.00 9,625.00
02/29/2024 Interest 91282CCW9 2,250,000.00 US Treasury Note
0.75% Due 8/31/2026
0.00 8,437.50 8,437.50
02/29/2024 Interest 91282CFH9 1,000,000.00 US Treasury Note
3.125% Due 8/31/2027
0.00 15,625.00 15,625.00
02/29/2024 Interest 912828ZC7 1,500,000.00 US Treasury Note
1.125% Due 2/28/2025
0.00 8,437.50 8,437.50
02/29/2024 Interest 91282CHX2 1,500,000.00 US Treasury Note
4.375% Due 8/31/2028
0.00 32,812.50 32,812.50
FEB 2024 16,652,109.04 411,314.37 17,063,423.41
03/03/2024 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
03/04/2024 Maturity 17275RAN2 250,000.00 Cisco Systems Note
3.625% Due 3/4/2024
250,000.00 4,531.25 254,531.25
03/07/2024 Maturity 24422EUX5 250,000.00 John Deere Capital Corp Note
2.6% Due 3/7/2024
250,000.00 3,250.00 253,250.00
03/08/2024 Interest 3130AWTR1 1,000,000.00 FHLB Note
4.375% Due 9/8/2028
0.00 26,006.94 26,006.94
03/08/2024 Maturity 3130A0XE5 750,000.00 FHLB Note
3.25% Due 3/8/2024
750,000.00 12,187.50 762,187.50
03/09/2024 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
03/11/2024 Maturity 89114QCB2 750,000.00 Toronto Dominion Bank Note
3.25% Due 3/11/2024
750,000.00 12,187.50 762,187.50
03/14/2024 Interest 3130A4CH3 1,750,000.00 FHLB Note
2.375% Due 3/14/2025
0.00 20,781.25 20,781.25
03/15/2024 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
03/15/2024 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
03/15/2024 Paydown 44935FAD6 151,913.10 Hyundai Auto Receivables Trust 2021-C A3
0.74% Due 5/15/2026
11,677.83 79.28 11,757.11
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 41 Cash Flow Report
As of December 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/15/2024 Paydown 47789QAC4 237,629.23 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
15,834.69 89.25 15,923.94
03/15/2024 Paydown 89238FAD5 335,000.00 Toyota Auto Receivables OT 2022-B A3
2.93% Due 9/15/2026
17,385.97 733.31 18,119.28
03/15/2024 Paydown 89240BAC2 36,904.63 Toyota Auto Receivables Owners 2021-A A3
0.26% Due 5/15/2025
12,305.54 2.67 12,308.21
03/15/2024 Paydown 161571HT4 1,005,000.00 Chase Issuance Trust 23-A1 A
5.16% Due 9/15/2028
0.00 4,321.50 4,321.50
03/15/2024 Paydown 43815BAC4 487,951.82 Honda Auto Receivables Trust 2022-1 A3
1.88% Due 5/15/2026
27,953.19 677.44 28,630.63
03/15/2024 Paydown 47788UAC6 71,223.21 John Deere Owner Trust 2021-A A3
0.36% Due 9/15/2025
7,116.53 17.10 7,133.63
03/15/2024 Paydown 47800AAC4 400,000.00 John Deere Owner Trust 2022-B A3
3.74% Due 2/16/2027
16,286.99 1,246.67 17,533.66
03/15/2024 Paydown 58768PAC8 915,000.00 Mercedes-Benz Auto Receivables 2022-1 A3
5.21% Due 8/16/2027
0.00 3,972.63 3,972.63
03/15/2024 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
03/15/2024 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
03/15/2024 Paydown 44933LAC7 117,126.86 Hyundai Auto Receivables Trust 2021-A A3
0.38% Due 9/15/2025
23,425.37 22.26 23,447.63
03/15/2024 Paydown 44934KAC8 388,313.93 Hyundai Auto Receivables Trust 2021-B A3
0.38% Due 1/15/2026
43,138.08 95.65 43,233.73
03/15/2024 Paydown 47787JAC2 257,737.70 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
12,147.58 451.41 12,598.99
03/16/2024 Paydown 380146AC4 166,790.55 GM Financial Auto Receivables 2022-1 A3
1.26% Due 11/16/2026
9,554.89 155.20 9,710.09
03/16/2024 Paydown 362554AC1 169,302.22 GM Financial Securitized Term 2021-4 A3
0.68% Due 9/16/2026
11,273.65 83.17 11,356.82
03/16/2024 Paydown 362585AC5 300,000.00 GM Financial Securitized ART 2022-2 A3
3.1% Due 2/16/2027
14,258.11 701.36 14,959.47
03/17/2024 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
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 42 Cash Flow Report
As of December 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 03/20/2024 Paydown 92348KAV5 350,000.00 Verizon Master Trust 2022-5 A1A
3.72% Due 7/20/2027
20,207.09 960.30 21,167.39
03/20/2024 Paydown 36266FAC3 334,386.12 GM Financial Auto Lease Trust 2022-2 A3
3.42% Due 6/20/2025
47,757.90 680.88 48,438.78
03/20/2024 Paydown 36265MAC9 317,423.24 GM Financial Auto Lease Trust 2022-1 A3
1.9% Due 3/20/2025
79,528.59 252.39 79,780.98
03/21/2024 Paydown 43815GAC3 215,931.20 Honda Auto Receivables Trust 2021-4 A3
0.88% Due 1/21/2026
15,407.47 135.76 15,543.23
03/23/2024 Interest 3137EAEX3 1,560,000.00 FHLMC Note
0.375% Due 9/23/2025
0.00 2,925.00 2,925.00
03/25/2024 Paydown 05602RAD3 317,293.19 BMW Vehicle Owner Trust 2022-A A3
3.21% Due 8/25/2026
34,964.38 640.55 35,604.93
03/25/2024 Paydown 05592XAD2 180,000.00 BMW Vehicle Owner Trust 2023-A A3
5.47% Due 2/25/2028
0.00 820.50 820.50
03/25/2024 Paydown 3137BFE98 791,455.28 FHLMC K041 A2
3.171% Due 10/25/2024
0.00 2,091.42 2,091.42
03/25/2024 Paydown 05601XAC3 79,300.96 BMW Vehicle Lease Trust 2022-1 A3
1.1% Due 3/25/2025
26,549.35 24.34 26,573.69
03/25/2024 Paydown 3137FG6X8 1,835,000.00 FHLMC K077 A2
3.85% Due 5/25/2028
31,661.52 5,685.24 37,346.76
03/28/2024 Maturity 912797GY7 10,000,000.00 US Treasury Bill
5.216% Due 3/28/2024
9,869,605.00 130,395.00 10,000,000.00
03/31/2024 Interest 91282CBT7 1,500,000.00 US Treasury Note
0.75% Due 3/31/2026
0.00 5,625.00 5,625.00
03/31/2024 Interest 91282CGT2 1,750,000.00 US Treasury Note
3.625% Due 3/31/2028
0.00 31,718.75 31,718.75
03/31/2024 Interest 91282CEF4 1,250,000.00 US Treasury Note
2.5% Due 3/31/2027
0.00 15,625.00 15,625.00
03/31/2024 Interest 91282CFM8 1,000,000.00 US Treasury Note
4.125% Due 9/30/2027
0.00 20,625.00 20,625.00
03/31/2024 Interest 91282CJA0 1,850,000.00 US Treasury Note
4.625% Due 9/30/2028
0.00 42,781.25 42,781.25
03/31/2024 Maturity 91282CEG2 5,000,000.00 US Treasury Note
2.25% Due 3/31/2024
5,000,000.00 56,250.00 5,056,250.00
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 43 Cash Flow Report
As of December 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount MAR 2024 17,348,039.72 466,814.60 17,814,854.32
04/11/2024 Maturity 912797HF7 10,000,000.00 US Treasury Bill
5.173% Due 4/11/2024
9,850,572.22 149,427.78 10,000,000.00
04/13/2024 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
04/14/2024 Interest 3130AJHU6 1,900,000.00 FHLB Note
0.5% Due 4/14/2025
0.00 4,750.00 4,750.00
04/15/2024 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
04/15/2024 Interest 46647PBF2 1,150,000.00 JP Morgan Chase & Co Callable Note 1X 10/15/2024
2.301% Due 10/15/2025
0.00 13,230.75 13,230.75
04/15/2024 Maturity 91282CBV2 5,000,000.00 US Treasury Note
0.375% Due 4/15/2024
5,000,000.00 9,375.00 5,009,375.00
04/15/2024 Maturity 20030NCR0 250,000.00 Comcast Corp Callable Note Cont 3/15/2024
3.7% Due 4/15/2024
250,000.00 4,625.00 254,625.00
04/15/2024 Paydown 43815BAC4 487,951.82 Honda Auto Receivables Trust 2022-1 A3
1.88% Due 5/15/2026
28,075.72 633.65 28,709.37
04/15/2024 Paydown 47789QAC4 237,629.23 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
15,836.14 82.39 15,918.53
04/15/2024 Paydown 89238FAD5 335,000.00 Toyota Auto Receivables OT 2022-B A3
2.93% Due 9/15/2026
17,420.69 690.86 18,111.55
04/15/2024 Paydown 44935FAD6 151,913.10 Hyundai Auto Receivables Trust 2021-C A3
0.74% Due 5/15/2026
11,679.78 72.08 11,751.86
04/15/2024 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
04/15/2024 Paydown 161571HT4 1,005,000.00 Chase Issuance Trust 23-A1 A
5.16% Due 9/15/2028
0.00 4,321.50 4,321.50
04/15/2024 Paydown 44934KAC8 388,313.93 Hyundai Auto Receivables Trust 2021-B A3
0.38% Due 1/15/2026
43,142.03 81.99 43,224.02
04/15/2024 Paydown 47788UAC6 71,223.21 John Deere Owner Trust 2021-A A3
0.36% Due 9/15/2025
7,118.85 14.96 7,133.81
04/15/2024 Paydown 58768PAC8 915,000.00 Mercedes-Benz Auto Receivables 2022-1 A3
5.21% Due 8/16/2027
0.00 3,972.63 3,972.63
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 44 Cash Flow Report
As of December 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/15/2024 Paydown 47787JAC2 257,737.70 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
12,163.16 427.93 12,591.09
04/15/2024 Paydown 47800AAC4 400,000.00 John Deere Owner Trust 2022-B A3
3.74% Due 2/16/2027
16,319.52 1,195.91 17,515.43
04/15/2024 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
04/15/2024 Paydown 44933LAC7 117,126.86 Hyundai Auto Receivables Trust 2021-A A3
0.38% Due 9/15/2025
23,432.99 14.84 23,447.83
04/16/2024 Paydown 362554AC1 169,302.22 GM Financial Securitized Term 2021-4 A3
0.68% Due 9/16/2026
11,276.28 76.78 11,353.06
04/16/2024 Paydown 362585AC5 300,000.00 GM Financial Securitized ART 2022-2 A3
3.1% Due 2/16/2027
14,261.55 664.53 14,926.08
04/16/2024 Paydown 380146AC4 166,790.55 GM Financial Auto Receivables 2022-1 A3
1.26% Due 11/16/2026
9,596.78 145.16 9,741.94
04/17/2024 Maturity 89236TDW2 250,000.00 Toyota Motor Credit Corp Note
2.9% Due 4/17/2024
250,000.00 3,625.00 253,625.00
04/20/2024 Paydown 36265MAC9 317,423.24 GM Financial Auto Lease Trust 2022-1 A3
1.9% Due 3/20/2025
79,877.19 126.47 80,003.66
04/20/2024 Paydown 36266FAC3 334,386.12 GM Financial Auto Lease Trust 2022-2 A3
3.42% Due 6/20/2025
47,769.44 544.77 48,314.21
04/20/2024 Paydown 92348KAV5 350,000.00 Verizon Master Trust 2022-5 A1A
3.72% Due 7/20/2027
20,269.74 897.65 21,167.39
04/21/2024 Paydown 43815GAC3 215,931.20 Honda Auto Receivables Trust 2021-4 A3
0.88% Due 1/21/2026
15,411.06 124.46 15,535.52
04/22/2024 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
04/22/2024 Interest 3135G03U5 805,000.00 FNMA Note
0.625% Due 4/22/2025
0.00 2,515.63 2,515.63
04/25/2024 Paydown 05602RAD3 317,293.19 BMW Vehicle Owner Trust 2022-A A3
3.21% Due 8/25/2026
32,321.87 547.02 32,868.89
04/25/2024 Paydown 05592XAD2 180,000.00 BMW Vehicle Owner Trust 2023-A A3
5.47% Due 2/25/2028
0.00 820.50 820.50
04/25/2024 Paydown 3137BFE98 791,455.28 FHLMC K041 A2
3.171% Due 10/25/2024
0.00 2,091.42 2,091.42
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 45 Cash Flow Report
As of December 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/25/2024 Paydown 3137FG6X8 1,835,000.00 FHLMC K077 A2
3.85% Due 5/25/2028
31,777.61 5,583.66 37,361.27
04/30/2024 Interest 91282CBW0 1,000,000.00 US Treasury Note
0.75% Due 4/30/2026
0.00 3,750.00 3,750.00
04/30/2024 Interest 91282CFU0 1,100,000.00 US Treasury Note
4.125% Due 10/31/2027
0.00 22,687.50 22,687.50
04/30/2024 Interest 91282CDG3 3,000,000.00 US Treasury Note
1.125% Due 10/31/2026
0.00 16,875.00 16,875.00
04/30/2024 Interest 91282CEN7 2,500,000.00 US Treasury Note
2.75% Due 4/30/2027
0.00 34,375.00 34,375.00
04/30/2024 Interest 91282CHA2 2,180,000.00 US Treasury Note
3.5% Due 4/30/2028
0.00 38,150.00 38,150.00
APR 2024 15,788,322.62 358,620.20 16,146,942.82
05/01/2024 Interest 06367WB85 1,150,000.00 Bank of Montreal Note
1.85% Due 5/1/2025
0.00 10,637.50 10,637.50
05/01/2024 Interest 74456QBU9 1,250,000.00 Public Service El & Gas Callable Note Cont 02/01/28
3.7% Due 5/1/2028
0.00 23,125.00 23,125.00
05/07/2024 Interest 3135G06G3 1,680,000.00 FNMA Note
0.5% Due 11/7/2025
0.00 4,200.00 4,200.00
05/09/2024 Maturity 912797HQ3 7,000,000.00 US Treasury Bill
5.124% Due 5/9/2024
6,868,473.73 131,526.27 7,000,000.00
05/10/2024 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
05/13/2024 Interest 14913R2V8 445,000.00 Caterpillar Financial Service Note
3.4% Due 5/13/2025
0.00 7,565.00 7,565.00
05/15/2024 Interest 9128285M8 1,000,000.00 US Treasury Note
3.125% Due 11/15/2028
0.00 15,625.00 15,625.00
05/15/2024 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
05/15/2024 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
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 46 Cash Flow Report
As of December 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/15/2024 Maturity 91324PEB4 250,000.00 United Health Group Inc Callable Note Cont 5/15/2022
0.55% Due 5/15/2024
250,000.00 687.50 250,687.50
05/15/2024 Maturity 00440EAR8 750,000.00 Chubb INA Holdings Inc Note
3.35% Due 5/15/2024
750,000.00 12,562.50 762,562.50
05/15/2024 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
05/15/2024 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
05/15/2024 Paydown 44933LAC7 117,126.86 Hyundai Auto Receivables Trust 2021-A A3
0.38% Due 9/15/2025
23,440.60 7.42 23,448.02
05/15/2024 Paydown 44934KAC8 388,313.93 Hyundai Auto Receivables Trust 2021-B A3
0.38% Due 1/15/2026
43,145.99 68.33 43,214.32
05/15/2024 Paydown 47787JAC2 257,737.70 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
12,178.78 404.41 12,583.19
05/15/2024 Paydown 44935FAD6 151,913.10 Hyundai Auto Receivables Trust 2021-C A3
0.74% Due 5/15/2026
11,681.72 64.88 11,746.60
05/15/2024 Paydown 47788UAC6 71,223.21 John Deere Owner Trust 2021-A A3
0.36% Due 9/15/2025
7,121.16 12.83 7,133.99
05/15/2024 Paydown 47800AAC4 400,000.00 John Deere Owner Trust 2022-B A3
3.74% Due 2/16/2027
16,352.13 1,145.04 17,497.17
05/15/2024 Paydown 161571HT4 1,005,000.00 Chase Issuance Trust 23-A1 A
5.16% Due 9/15/2028
0.00 4,321.50 4,321.50
05/15/2024 Paydown 43815BAC4 487,951.82 Honda Auto Receivables Trust 2022-1 A3
1.88% Due 5/15/2026
28,198.78 589.67 28,788.45
05/15/2024 Paydown 47789QAC4 237,629.23 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
15,837.59 75.53 15,913.12
05/15/2024 Paydown 58768PAC8 915,000.00 Mercedes-Benz Auto Receivables 2022-1 A3
5.21% Due 8/16/2027
0.00 3,972.63 3,972.63
05/15/2024 Paydown 89238FAD5 335,000.00 Toyota Auto Receivables OT 2022-B A3
2.93% Due 9/15/2026
17,455.50 648.32 18,103.82
05/16/2024 Paydown 362554AC1 169,302.22 GM Financial Securitized Term 2021-4 A3
0.68% Due 9/16/2026
11,278.91 70.39 11,349.30
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 47 Cash Flow Report
As of December 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 05/16/2024 Paydown 362585AC5 300,000.00 GM Financial Securitized ART 2022-2 A3
3.1% Due 2/16/2027
14,265.01 627.68 14,892.69
05/16/2024 Paydown 380146AC4 166,790.55 GM Financial Auto Receivables 2022-1 A3
1.26% Due 11/16/2026
9,638.84 135.09 9,773.93
05/20/2024 Maturity 747525AT0 250,000.00 Qualcomm Inc Callable Note Cont 3/20/2024
2.9% Due 5/20/2024
250,000.00 3,625.00 253,625.00
05/20/2024 Paydown 36266FAC3 334,386.12 GM Financial Auto Lease Trust 2022-2 A3
3.42% Due 6/20/2025
47,780.98 408.63 48,189.61
05/20/2024 Paydown 92348KAV5 350,000.00 Verizon Master Trust 2022-5 A1A
3.72% Due 7/20/2027
20,332.57 834.82 21,167.39
05/21/2024 Paydown 43815GAC3 215,931.20 Honda Auto Receivables Trust 2021-4 A3
0.88% Due 1/21/2026
15,414.66 113.16 15,527.82
05/25/2024 Paydown 3137FG6X8 1,835,000.00 FHLMC K077 A2
3.85% Due 5/25/2028
31,894.13 5,481.71 37,375.84
05/25/2024 Paydown 05592XAD2 180,000.00 BMW Vehicle Owner Trust 2023-A A3
5.47% Due 2/25/2028
0.00 820.50 820.50
05/25/2024 Paydown 05602RAD3 317,293.19 BMW Vehicle Owner Trust 2022-A A3
3.21% Due 8/25/2026
29,674.25 460.56 30,134.81
05/25/2024 Paydown 3137BFE98 791,455.28 FHLMC K041 A2
3.171% Due 10/25/2024
0.00 2,091.42 2,091.42
05/30/2024 Call 61747YEA9 1,240,000.00 Morgan Stanley Callable Note Cont 5/30/2024
0.79% Due 5/30/2025
1,240,000.00 4,898.00 1,244,898.00
05/31/2024 Interest 91282CAZ4 2,000,000.00 US Treasury Note
0.375% Due 11/30/2025
0.00 3,750.00 3,750.00
05/31/2024 Interest 91282CJN2 1,500,000.00 US Treasury Note
4.375% Due 11/30/2028
0.00 32,812.50 32,812.50
05/31/2024 Maturity 91282CER8 5,000,000.00 US Treasury Note
2.5% Due 5/31/2024
5,000,000.00 62,500.00 5,062,500.00
MAY 2024 14,714,165.33 355,709.92 15,069,875.25
06/09/2024 Interest 3130AWMN7 1,000,000.00 FHLB Note
4.375% Due 6/9/2028
0.00 21,875.00 21,875.00
06/10/2024 Interest 78015K7H1 400,000.00 Royal Bank of Canada Note
1.15% Due 6/10/2025
0.00 2,300.00 2,300.00
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 48 Cash Flow Report
As of December 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/12/2024 Interest 3130ATUC9 1,800,000.00 FHLB Note
4.5% Due 12/12/2025
0.00 40,500.00 40,500.00
06/15/2024 Interest 3133EPN50 1,000,000.00 FFCB Note
4.25% Due 12/15/2028
0.00 21,250.00 21,250.00
06/15/2024 Interest 63743HFE7 685,000.00 National Rural Utilities Note
3.45% Due 6/15/2025
0.00 11,816.25 11,816.25
06/15/2024 Paydown 44935FAD6 151,913.10 Hyundai Auto Receivables Trust 2021-C A3
0.74% Due 5/15/2026
11,683.68 57.67 11,741.35
06/15/2024 Paydown 47788UAC6 71,223.21 John Deere Owner Trust 2021-A A3
0.36% Due 9/15/2025
7,123.48 10.69 7,134.17
06/15/2024 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
06/15/2024 Paydown 47800AAC4 400,000.00 John Deere Owner Trust 2022-B A3
3.74% Due 2/16/2027
16,384.79 1,094.08 17,478.87
06/15/2024 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
06/15/2024 Paydown 47787JAC2 257,737.70 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
12,194.40 380.87 12,575.27
06/15/2024 Paydown 47789QAC4 237,629.23 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
15,839.05 68.66 15,907.71
06/15/2024 Paydown 89238FAD5 335,000.00 Toyota Auto Receivables OT 2022-B A3
2.93% Due 9/15/2026
17,490.36 605.70 18,096.06
06/15/2024 Paydown 161571HT4 1,005,000.00 Chase Issuance Trust 23-A1 A
5.16% Due 9/15/2028
0.00 4,321.50 4,321.50
06/15/2024 Paydown 43815BAC4 487,951.82 Honda Auto Receivables Trust 2022-1 A3
1.88% Due 5/15/2026
28,322.38 545.49 28,867.87
06/15/2024 Paydown 44934KAC8 388,313.93 Hyundai Auto Receivables Trust 2021-B A3
0.38% Due 1/15/2026
43,149.95 54.66 43,204.61
06/15/2024 Paydown 58768PAC8 915,000.00 Mercedes-Benz Auto Receivables 2022-1 A3
5.21% Due 8/16/2027
36,238.19 3,972.63 40,210.82
06/16/2024 Paydown 362554AC1 169,302.22 GM Financial Securitized Term 2021-4 A3
0.68% Due 9/16/2026
11,281.54 64.00 11,345.54
06/16/2024 Paydown 380146AC4 166,790.55 GM Financial Auto Receivables 2022-1 A3
1.26% Due 11/16/2026
9,681.09 124.97 9,806.06
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 49 Cash Flow Report
As of December 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/16/2024 Paydown 362585AC5 300,000.00 GM Financial Securitized ART 2022-2 A3
3.1% Due 2/16/2027
14,268.45 590.83 14,859.28
06/17/2024 Interest 3135G04Z3 2,020,000.00 FNMA Note
0.5% Due 6/17/2025
0.00 5,050.00 5,050.00
06/18/2024 Interest 89236TJK2 810,000.00 Toyota Motor Credit Corp Note
1.125% Due 6/18/2026
0.00 4,556.25 4,556.25
06/19/2024 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
06/20/2024 Paydown 36266FAC3 334,386.12 GM Financial Auto Lease Trust 2022-2 A3
3.42% Due 6/20/2025
47,792.53 272.45 48,064.98
06/20/2024 Paydown 92348KAV5 350,000.00 Verizon Master Trust 2022-5 A1A
3.72% Due 7/20/2027
20,395.60 771.79 21,167.39
06/21/2024 Paydown 43815GAC3 215,931.20 Honda Auto Receivables Trust 2021-4 A3
0.88% Due 1/21/2026
15,418.25 101.86 15,520.11
06/25/2024 Paydown 05592XAD2 180,000.00 BMW Vehicle Owner Trust 2023-A A3
5.47% Due 2/25/2028
0.00 820.50 820.50
06/25/2024 Paydown 05602RAD3 317,293.19 BMW Vehicle Owner Trust 2022-A A3
3.21% Due 8/25/2026
27,021.54 381.18 27,402.72
06/25/2024 Paydown 3137BFE98 791,455.28 FHLMC K041 A2
3.171% Due 10/25/2024
0.00 2,091.42 2,091.42
06/25/2024 Paydown 3137FG6X8 1,835,000.00 FHLMC K077 A2
3.85% Due 5/25/2028
32,011.08 5,379.38 37,390.46
06/27/2024 Maturity 912796Y45 10,000,000.00 US Treasury Bill
5.051% Due 6/27/2024
9,746,046.94 253,953.06 10,000,000.00
06/30/2024 Interest 91282CBC4 2,000,000.00 US Treasury Note
0.375% Due 12/31/2025
0.00 3,750.00 3,750.00
06/30/2024 Interest 91282CEW7 1,400,000.00 US Treasury Note
3.25% Due 6/30/2027
0.00 22,750.00 22,750.00
06/30/2024 Interest 91282CGC9 1,250,000.00 US Treasury Note
3.875% Due 12/31/2027
0.00 24,218.75 24,218.75
JUN 2024 10,112,343.30 440,922.02 10,553,265.32
07/07/2024 Interest 02665WEM9 1,200,000.00 American Honda Finance Note
5.125% Due 7/7/2028
0.00 30,750.00 30,750.00
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 50 Cash Flow Report
As of December 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/07/2024 Interest 3135G0X24 1,835,000.00 FNMA Note
1.625% Due 1/7/2025
0.00 14,909.38 14,909.38
07/10/2024 Interest 89115A2M3 1,100,000.00 Toronto-Dominion Bank Note
5.156% Due 1/10/2028
0.00 28,358.00 28,358.00
07/13/2024 Interest 45950KDD9 520,000.00 International Finance Corp Note
4.5% Due 7/13/2028
0.00 11,700.00 11,700.00
07/15/2024 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
07/15/2024 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
07/15/2024 Paydown 89238FAD5 335,000.00 Toyota Auto Receivables OT 2022-B A3
2.93% Due 9/15/2026
17,525.29 563.00 18,088.29
07/15/2024 Paydown 44935FAD6 151,913.10 Hyundai Auto Receivables Trust 2021-C A3
0.74% Due 5/15/2026
11,685.62 50.47 11,736.09
07/15/2024 Paydown 47789QAC4 237,629.23 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
15,840.50 61.80 15,902.30
07/15/2024 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
07/15/2024 Paydown 161571HT4 1,005,000.00 Chase Issuance Trust 23-A1 A
5.16% Due 9/15/2028
0.00 4,321.50 4,321.50
07/15/2024 Paydown 43815BAC4 487,951.82 Honda Auto Receivables Trust 2022-1 A3
1.88% Due 5/15/2026
28,446.53 501.12 28,947.65
07/15/2024 Paydown 47788UAC6 71,223.21 John Deere Owner Trust 2021-A A3
0.36% Due 9/15/2025
7,125.79 8.56 7,134.35
07/15/2024 Paydown 47800AAC4 400,000.00 John Deere Owner Trust 2022-B A3
3.74% Due 2/16/2027
16,417.52 1,043.01 17,460.53
07/15/2024 Paydown 58768PAC8 915,000.00 Mercedes-Benz Auto Receivables 2022-1 A3
5.21% Due 8/16/2027
36,397.04 3,815.29 40,212.33
07/15/2024 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
07/15/2024 Paydown 44934KAC8 388,313.93 Hyundai Auto Receivables Trust 2021-B A3
0.38% Due 1/15/2026
43,153.90 41.00 43,194.90
07/15/2024 Paydown 47787JAC2 257,737.70 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
12,210.05 357.29 12,567.34
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 51 Cash Flow Report
As of December 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 07/16/2024 Paydown 380146AC4 166,790.55 GM Financial Auto Receivables 2022-1 A3
1.26% Due 11/16/2026
9,723.53 114.80 9,838.33
07/16/2024 Paydown 362554AC1 169,302.22 GM Financial Securitized Term 2021-4 A3
0.68% Due 9/16/2026
11,284.18 57.60 11,341.78
07/16/2024 Paydown 362585AC5 300,000.00 GM Financial Securitized ART 2022-2 A3
3.1% Due 2/16/2027
14,271.90 553.97 14,825.87
07/20/2024 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
07/20/2024 Paydown 92348KAV5 350,000.00 Verizon Master Trust 2022-5 A1A
3.72% Due 7/20/2027
20,458.83 708.56 21,167.39
07/20/2024 Paydown 36266FAC3 334,386.12 GM Financial Auto Lease Trust 2022-2 A3
3.42% Due 6/20/2025
47,804.08 136.24 47,940.32
07/21/2024 Interest 3137EAEU9 1,075,000.00 FHLMC Note
0.375% Due 7/21/2025
0.00 2,015.63 2,015.63
07/21/2024 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
07/21/2024 Paydown 43815GAC3 215,931.20 Honda Auto Receivables Trust 2021-4 A3
0.88% Due 1/21/2026
15,421.85 90.55 15,512.40
07/25/2024 Paydown 05592XAD2 180,000.00 BMW Vehicle Owner Trust 2023-A A3
5.47% Due 2/25/2028
0.00 820.50 820.50
07/25/2024 Paydown 3137BFE98 791,455.28 FHLMC K041 A2
3.171% Due 10/25/2024
0.00 2,091.42 2,091.42
07/25/2024 Paydown 05602RAD3 317,293.19 BMW Vehicle Owner Trust 2022-A A3
3.21% Due 8/25/2026
24,363.70 308.90 24,672.60
07/25/2024 Paydown 3137FG6X8 1,835,000.00 FHLMC K077 A2
3.85% Due 5/25/2028
32,128.45 5,276.68 37,405.13
07/31/2024 Interest 91282CCP4 1,000,000.00 US Treasury Note
0.625% Due 7/31/2026
0.00 3,125.00 3,125.00
07/31/2024 Interest 91282CHQ7 1,000,000.00 US Treasury Note
4.125% Due 7/31/2028
0.00 20,625.00 20,625.00
07/31/2024 Interest 912828Z78 500,000.00 US Treasury Note
1.5% Due 1/31/2027
0.00 3,750.00 3,750.00
JUL 2024 364,258.76 194,521.40 558,780.16
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 52 Cash Flow Report
As of December 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/01/2024 Interest 78016HZS2 1,000,000.00 ROYAL BANK OF CANADA Note
5.2% Due 8/1/2028
0.00 26,000.00 26,000.00
08/07/2024 Interest 06406RAB3 1,000,000.00 Bank of NY Mellon Corp Callable Note 1X 2/7/2027
3.442% Due 2/7/2028
0.00 17,210.00 17,210.00
08/12/2024 Interest 3137EAEP0 2,040,000.00 FHLMC Note
1.5% Due 2/12/2025
0.00 15,300.00 15,300.00
08/12/2024 Interest 14913R3A3 700,000.00 Caterpillar Financial Service Note
3.6% Due 8/12/2027
0.00 12,600.00 12,600.00
08/15/2024 Interest 912828V98 1,250,000.00 US Treasury Note
2.25% Due 2/15/2027
0.00 14,062.50 14,062.50
08/15/2024 Interest 9128283W8 1,250,000.00 US Treasury Note
2.75% Due 2/15/2028
0.00 17,187.50 17,187.50
08/15/2024 Interest 912828J27 1,850,000.00 US Treasury Note 2% Due 2/15/2025
0.00 18,500.00 18,500.00
08/15/2024 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
08/15/2024 Paydown 47787JAC2 257,737.70 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
12,225.73 333.68 12,559.41
08/15/2024 Paydown 47800AAC4 400,000.00 John Deere Owner Trust 2022-B A3
3.74% Due 2/16/2027
16,450.31 991.85 17,442.16
08/15/2024 Paydown 47789QAC4 237,629.23 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
15,841.94 54.94 15,896.88
08/15/2024 Paydown 89238FAD5 335,000.00 Toyota Auto Receivables OT 2022-B A3
2.93% Due 9/15/2026
17,560.30 520.21 18,080.51
08/15/2024 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
08/15/2024 Paydown 161571HT4 1,005,000.00 Chase Issuance Trust 23-A1 A
5.16% Due 9/15/2028
0.00 4,321.50 4,321.50
08/15/2024 Paydown 43815BAC4 487,951.82 Honda Auto Receivables Trust 2022-1 A3
1.88% Due 5/15/2026
28,571.22 456.55 29,027.77
08/15/2024 Paydown 44934KAC8 388,313.93 Hyundai Auto Receivables Trust 2021-B A3
0.38% Due 1/15/2026
43,157.86 27.33 43,185.19
08/15/2024 Paydown 47788UAC6 71,223.21 John Deere Owner Trust 2021-A A3
0.36% Due 9/15/2025
7,128.10 6.42 7,134.52
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 53 Cash Flow Report
As of December 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/15/2024 Paydown 58768PAC8 915,000.00 Mercedes-Benz Auto Receivables 2022-1 A3
5.21% Due 8/16/2027
36,556.58 3,657.27 40,213.85
08/15/2024 Paydown 44935FAD6 151,913.10 Hyundai Auto Receivables Trust 2021-C A3
0.74% Due 5/15/2026
11,687.57 43.26 11,730.83
08/16/2024 Paydown 362554AC1 169,302.22 GM Financial Securitized Term 2021-4 A3
0.68% Due 9/16/2026
11,286.81 51.21 11,338.02
08/16/2024 Paydown 362585AC5 300,000.00 GM Financial Securitized ART 2022-2 A3
3.1% Due 2/16/2027
14,275.35 517.10 14,792.45
08/16/2024 Paydown 380146AC4 166,790.55 GM Financial Auto Receivables 2022-1 A3
1.26% Due 11/16/2026
9,766.15 104.59 9,870.74
08/20/2024 Paydown 92348KAV5 350,000.00 Verizon Master Trust 2022-5 A1A
3.72% Due 7/20/2027
20,522.25 645.14 21,167.39
08/21/2024 Paydown 43815GAC3 215,931.20 Honda Auto Receivables Trust 2021-4 A3
0.88% Due 1/21/2026
15,425.45 79.24 15,504.69
08/25/2024 Interest 3135G05X7 1,700,000.00 FNMA Note
0.375% Due 8/25/2025
0.00 3,187.50 3,187.50
08/25/2024 Paydown 3137BFE98 791,455.28 FHLMC K041 A2
3.171% Due 10/25/2024
262,930.26 2,091.42 265,021.68
08/25/2024 Paydown 05592XAD2 180,000.00 BMW Vehicle Owner Trust 2023-A A3
5.47% Due 2/25/2028
0.00 820.50 820.50
08/25/2024 Paydown 05602RAD3 317,293.19 BMW Vehicle Owner Trust 2022-A A3
3.21% Due 8/25/2026
21,700.75 243.72 21,944.47
08/25/2024 Paydown 3137FG6X8 1,835,000.00 FHLMC K077 A2
3.85% Due 5/25/2028
32,246.25 5,173.60 37,419.85
08/31/2024 Interest 91282CFH9 1,000,000.00 US Treasury Note
3.125% Due 8/31/2027
0.00 15,625.00 15,625.00
08/31/2024 Interest 9128283Z1 700,000.00 US Treasury Note
2.75% Due 2/28/2025
0.00 9,625.00 9,625.00
08/31/2024 Interest 91282CCW9 2,250,000.00 US Treasury Note
0.75% Due 8/31/2026
0.00 8,437.50 8,437.50
08/31/2024 Interest 912828ZC7 1,500,000.00 US Treasury Note
1.125% Due 2/28/2025
0.00 8,437.50 8,437.50
08/31/2024 Interest 91282CHX2 1,500,000.00 US Treasury Note
4.375% Due 8/31/2028
0.00 32,812.50 32,812.50
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 54 Cash Flow Report
As of December 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount AUG 2024 577,332.88 223,019.41 800,352.29
09/03/2024 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
09/08/2024 Interest 3130AWTR1 1,000,000.00 FHLB Note
4.375% Due 9/8/2028
0.00 21,875.00 21,875.00
09/09/2024 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
09/14/2024 Interest 3130A4CH3 1,750,000.00 FHLB Note
2.375% Due 3/14/2025
0.00 20,781.25 20,781.25
09/15/2024 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
09/15/2024 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
09/15/2024 Paydown 44935FAD6 151,913.10 Hyundai Auto Receivables Trust 2021-C A3
0.74% Due 5/15/2026
11,689.52 36.05 11,725.57
09/15/2024 Paydown 47788UAC6 71,223.21 John Deere Owner Trust 2021-A A3
0.36% Due 9/15/2025
7,130.42 4.28 7,134.70
09/15/2024 Paydown 47800AAC4 400,000.00 John Deere Owner Trust 2022-B A3
3.74% Due 2/16/2027
16,483.18 940.57 17,423.75
09/15/2024 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
09/15/2024 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
09/15/2024 Paydown 44934KAC8 388,313.93 Hyundai Auto Receivables Trust 2021-B A3
0.38% Due 1/15/2026
43,161.81 13.67 43,175.48
09/15/2024 Paydown 47787JAC2 257,737.70 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
12,241.41 310.05 12,551.46
09/15/2024 Paydown 161571HT4 1,005,000.00 Chase Issuance Trust 23-A1 A
5.16% Due 9/15/2028
0.00 4,321.50 4,321.50
09/15/2024 Paydown 43815BAC4 487,951.82 Honda Auto Receivables Trust 2022-1 A3
1.88% Due 5/15/2026
28,696.46 411.79 29,108.25
09/15/2024 Paydown 47789QAC4 237,629.23 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
15,843.40 48.07 15,891.47
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 55 Cash Flow Report
As of December 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/15/2024 Paydown 58768PAC8 915,000.00 Mercedes-Benz Auto Receivables 2022-1 A3
5.21% Due 8/16/2027
36,716.82 3,498.55 40,215.37
09/15/2024 Paydown 89238FAD5 335,000.00 Toyota Auto Receivables OT 2022-B A3
2.93% Due 9/15/2026
17,595.38 477.33 18,072.71
09/16/2024 Paydown 362554AC1 169,302.22 GM Financial Securitized Term 2021-4 A3
0.68% Due 9/16/2026
11,289.45 44.81 11,334.26
09/16/2024 Paydown 380146AC4 166,790.55 GM Financial Auto Receivables 2022-1 A3
1.26% Due 11/16/2026
9,808.95 94.34 9,903.29
09/16/2024 Paydown 362585AC5 300,000.00 GM Financial Securitized ART 2022-2 A3
3.1% Due 2/16/2027
14,278.79 480.23 14,759.02
09/17/2024 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
09/20/2024 Paydown 92348KAV5 350,000.00 Verizon Master Trust 2022-5 A1A
3.72% Due 7/20/2027
20,585.87 581.52 21,167.39
09/21/2024 Paydown 43815GAC3 215,931.20 Honda Auto Receivables Trust 2021-4 A3
0.88% Due 1/21/2026
15,429.05 67.93 15,496.98
09/23/2024 Interest 3137EAEX3 1,560,000.00 FHLMC Note
0.375% Due 9/23/2025
0.00 2,925.00 2,925.00
09/25/2024 Paydown 05592XAD2 180,000.00 BMW Vehicle Owner Trust 2023-A A3
5.47% Due 2/25/2028
0.00 820.50 820.50
09/25/2024 Paydown 05602RAD3 317,293.19 BMW Vehicle Owner Trust 2022-A A3
3.21% Due 8/25/2026
19,032.65 185.67 19,218.32
09/25/2024 Paydown 3137BFE98 791,455.28 FHLMC K041 A2
3.171% Due 10/25/2024
263,817.43 1,396.63 265,214.06
09/25/2024 Paydown 3137FG6X8 1,835,000.00 FHLMC K077 A2
3.85% Due 5/25/2028
32,364.49 5,070.14 37,434.63
09/30/2024 Interest 91282CFM8 1,000,000.00 US Treasury Note
4.125% Due 9/30/2027
0.00 20,625.00 20,625.00
09/30/2024 Interest 91282CBT7 1,500,000.00 US Treasury Note
0.75% Due 3/31/2026
0.00 5,625.00 5,625.00
09/30/2024 Interest 91282CEF4 1,250,000.00 US Treasury Note
2.5% Due 3/31/2027
0.00 15,625.00 15,625.00
09/30/2024 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: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 56 Cash Flow Report
As of December 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 09/30/2024 Interest 91282CJA0 1,850,000.00 US Treasury Note
4.625% Due 9/30/2028
0.00 42,781.25 42,781.25
SEP 2024 576,165.08 238,744.76 814,909.84
10/13/2024 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
10/14/2024 Interest 3130AJHU6 1,900,000.00 FHLB Note
0.5% Due 4/14/2025
0.00 4,750.00 4,750.00
10/15/2024 Call 46647PBF2 1,150,000.00 JP Morgan Chase & Co Callable Note 1X 10/15/2024
2.301% Due 10/15/2025
1,150,000.00 13,230.75 1,163,230.75
10/15/2024 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
10/15/2024 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
10/15/2024 Paydown 44935FAD6 151,913.10 Hyundai Auto Receivables Trust 2021-C A3
0.74% Due 5/15/2026
11,691.46 28.85 11,720.31
10/15/2024 Paydown 47788UAC6 71,223.21 John Deere Owner Trust 2021-A A3
0.36% Due 9/15/2025
7,132.74 2.14 7,134.88
10/15/2024 Paydown 47800AAC4 400,000.00 John Deere Owner Trust 2022-B A3
3.74% Due 2/16/2027
16,516.10 889.20 17,405.30
10/15/2024 Paydown 58768PAC8 915,000.00 Mercedes-Benz Auto Receivables 2022-1 A3
5.21% Due 8/16/2027
36,877.76 3,339.14 40,216.90
10/15/2024 Paydown 161571HT4 1,005,000.00 Chase Issuance Trust 23-A1 A
5.16% Due 9/15/2028
0.00 4,321.50 4,321.50
10/15/2024 Paydown 43815BAC4 487,951.82 Honda Auto Receivables Trust 2022-1 A3
1.88% Due 5/15/2026
28,822.25 366.83 29,189.08
10/15/2024 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
10/15/2024 Paydown 47787JAC2 257,737.70 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
12,257.12 286.38 12,543.50
10/15/2024 Paydown 47789QAC4 237,629.23 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
15,844.85 41.21 15,886.06
10/15/2024 Paydown 89238FAD5 335,000.00 Toyota Auto Receivables OT 2022-B A3
2.93% Due 9/15/2026
17,630.52 434.37 18,064.89
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 57 Cash Flow Report
As of December 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 10/16/2024 Paydown 362554AC1 169,302.22 GM Financial Securitized Term 2021-4 A3
0.68% Due 9/16/2026
11,292.07 38.42 11,330.49
10/16/2024 Paydown 380146AC4 166,790.55 GM Financial Auto Receivables 2022-1 A3
1.26% Due 11/16/2026
9,851.95 84.04 9,935.99
10/16/2024 Paydown 362585AC5 300,000.00 GM Financial Securitized ART 2022-2 A3
3.1% Due 2/16/2027
14,282.25 443.34 14,725.59
10/20/2024 Paydown 92348KAV5 350,000.00 Verizon Master Trust 2022-5 A1A
3.72% Due 7/20/2027
20,649.69 517.70 21,167.39
10/21/2024 Paydown 43815GAC3 215,931.20 Honda Auto Receivables Trust 2021-4 A3
0.88% Due 1/21/2026
15,432.65 56.61 15,489.26
10/22/2024 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
10/22/2024 Interest 3135G03U5 805,000.00 FNMA Note
0.625% Due 4/22/2025
0.00 2,515.63 2,515.63
10/25/2024 Paydown 05602RAD3 317,293.19 BMW Vehicle Owner Trust 2022-A A3
3.21% Due 8/25/2026
16,359.41 134.76 16,494.17
10/25/2024 Paydown 3137BFE98 791,455.28 FHLMC K041 A2
3.171% Due 10/25/2024
264,707.59 699.49 265,407.08
10/25/2024 Paydown 3137FG6X8 1,835,000.00 FHLMC K077 A2
3.85% Due 5/25/2028
32,483.16 4,966.31 37,449.47
10/25/2024 Paydown 05592XAD2 180,000.00 BMW Vehicle Owner Trust 2023-A A3
5.47% Due 2/25/2028
0.00 820.50 820.50
10/31/2024 Interest 91282CBW0 1,000,000.00 US Treasury Note
0.75% Due 4/30/2026
0.00 3,750.00 3,750.00
10/31/2024 Interest 91282CFU0 1,100,000.00 US Treasury Note
4.125% Due 10/31/2027
0.00 22,687.50 22,687.50
10/31/2024 Interest 91282CDG3 3,000,000.00 US Treasury Note
1.125% Due 10/31/2026
0.00 16,875.00 16,875.00
10/31/2024 Interest 91282CEN7 2,500,000.00 US Treasury Note
2.75% Due 4/30/2027
0.00 34,375.00 34,375.00
10/31/2024 Interest 91282CHA2 2,180,000.00 US Treasury Note
3.5% Due 4/30/2028
0.00 38,150.00 38,150.00
OCT 2024 1,681,831.57 185,907.05 1,867,738.62
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 58 Cash Flow Report
As of December 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/01/2024 Interest 06367WB85 1,150,000.00 Bank of Montreal Note
1.85% Due 5/1/2025
0.00 10,637.50 10,637.50
11/01/2024 Interest 74456QBU9 1,250,000.00 Public Service El & Gas Callable Note Cont 02/01/28
3.7% Due 5/1/2028
0.00 23,125.00 23,125.00
11/07/2024 Interest 3135G06G3 1,680,000.00 FNMA Note
0.5% Due 11/7/2025
0.00 4,200.00 4,200.00
11/10/2024 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
11/13/2024 Interest 14913R2V8 445,000.00 Caterpillar Financial Service Note
3.4% Due 5/13/2025
0.00 7,565.00 7,565.00
11/15/2024 Interest 9128285M8 1,000,000.00 US Treasury Note
3.125% Due 11/15/2028
0.00 15,625.00 15,625.00
11/15/2024 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
11/15/2024 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
11/15/2024 Paydown 161571HT4 1,005,000.00 Chase Issuance Trust 23-A1 A
5.16% Due 9/15/2028
0.00 4,321.50 4,321.50
11/15/2024 Paydown 43815BAC4 487,951.82 Honda Auto Receivables Trust 2022-1 A3
1.88% Due 5/15/2026
28,948.59 321.67 29,270.26
11/15/2024 Paydown 47800AAC4 400,000.00 John Deere Owner Trust 2022-B A3
3.74% Due 2/16/2027
16,549.09 837.73 17,386.82
11/15/2024 Paydown 58768PAC8 915,000.00 Mercedes-Benz Auto Receivables 2022-1 A3
5.21% Due 8/16/2027
37,039.41 3,179.03 40,218.44
11/15/2024 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
11/15/2024 Paydown 47787JAC2 257,737.70 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
12,272.86 262.68 12,535.54
11/15/2024 Paydown 44935FAD6 151,913.10 Hyundai Auto Receivables Trust 2021-C A3
0.74% Due 5/15/2026
11,693.41 21.64 11,715.05
11/15/2024 Paydown 47789QAC4 237,629.23 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
15,846.30 34.34 15,880.64
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 59 Cash Flow Report
As of December 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 11/15/2024 Paydown 89238FAD5 335,000.00 Toyota Auto Receivables OT 2022-B A3
2.93% Due 9/15/2026
17,665.74 391.32 18,057.06
11/15/2024 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
11/16/2024 Paydown 380146AC4 166,790.55 GM Financial Auto Receivables 2022-1 A3
1.26% Due 11/16/2026
9,895.14 73.69 9,968.83
11/16/2024 Paydown 362554AC1 169,302.22 GM Financial Securitized Term 2021-4 A3
0.68% Due 9/16/2026
11,294.71 32.02 11,326.73
11/16/2024 Paydown 362585AC5 300,000.00 GM Financial Securitized ART 2022-2 A3
3.1% Due 2/16/2027
14,285.70 406.44 14,692.14
11/20/2024 Paydown 92348KAV5 350,000.00 Verizon Master Trust 2022-5 A1A
3.72% Due 7/20/2027
20,713.70 453.69 21,167.39
11/21/2024 Paydown 43815GAC3 215,931.20 Honda Auto Receivables Trust 2021-4 A3
0.88% Due 1/21/2026
15,436.25 45.30 15,481.55
11/25/2024 Paydown 05592XAD2 180,000.00 BMW Vehicle Owner Trust 2023-A A3
5.47% Due 2/25/2028
0.00 820.50 820.50
11/25/2024 Paydown 05602RAD3 317,293.19 BMW Vehicle Owner Trust 2022-A A3
3.21% Due 8/25/2026
13,681.02 91.00 13,772.02
11/25/2024 Paydown 3137FG6X8 1,835,000.00 FHLMC K077 A2
3.85% Due 5/25/2028
32,602.26 4,862.09 37,464.35
11/30/2024 Interest 91282CJN2 1,500,000.00 US Treasury Note
4.375% Due 11/30/2028
0.00 32,812.50 32,812.50
11/30/2024 Interest 91282CAZ4 2,000,000.00 US Treasury Note
0.375% Due 11/30/2025
0.00 3,750.00 3,750.00
NOV 2024 257,924.18 133,710.77 391,634.95
12/09/2024 Interest 3130AWMN7 1,000,000.00 FHLB Note
4.375% Due 6/9/2028
0.00 21,875.00 21,875.00
12/10/2024 Interest 78015K7H1 400,000.00 Royal Bank of Canada Note
1.15% Due 6/10/2025
0.00 2,300.00 2,300.00
12/12/2024 Interest 3130ATUC9 1,800,000.00 FHLB Note
4.5% Due 12/12/2025
0.00 40,500.00 40,500.00
12/15/2024 Interest 63743HFE7 685,000.00 National Rural Utilities Note
3.45% Due 6/15/2025
0.00 11,816.25 11,816.25
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 60 Cash Flow Report
As of December 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/15/2024 Interest 3133EPN50 1,000,000.00 FFCB Note
4.25% Due 12/15/2028
0.00 21,250.00 21,250.00
12/15/2024 Paydown 44935FAD6 151,913.10 Hyundai Auto Receivables Trust 2021-C A3
0.74% Due 5/15/2026
11,695.36 14.43 11,709.79
12/15/2024 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
12/15/2024 Paydown 47787JAC2 257,737.70 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
12,288.60 238.96 12,527.56
12/15/2024 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
12/15/2024 Paydown 161571HT4 1,005,000.00 Chase Issuance Trust 23-A1 A
5.16% Due 9/15/2028
0.00 4,321.50 4,321.50
12/15/2024 Paydown 43815BAC4 487,951.82 Honda Auto Receivables Trust 2022-1 A3
1.88% Due 5/15/2026
29,075.48 276.32 29,351.80
12/15/2024 Paydown 47800AAC4 400,000.00 John Deere Owner Trust 2022-B A3
3.74% Due 2/16/2027
16,582.14 786.15 17,368.29
12/15/2024 Paydown 58768PAC8 915,000.00 Mercedes-Benz Auto Receivables 2022-1 A3
5.21% Due 8/16/2027
37,201.77 3,018.21 40,219.98
12/15/2024 Paydown 47789QAC4 237,629.23 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
15,847.76 27.47 15,875.23
12/15/2024 Paydown 89238FAD5 335,000.00 Toyota Auto Receivables OT 2022-B A3
2.93% Due 9/15/2026
17,701.03 348.19 18,049.22
12/16/2024 Paydown 380146AC4 166,790.55 GM Financial Auto Receivables 2022-1 A3
1.26% Due 11/16/2026
9,938.51 63.30 10,001.81
12/16/2024 Paydown 362554AC1 169,302.22 GM Financial Securitized Term 2021-4 A3
0.68% Due 9/16/2026
11,297.34 25.62 11,322.96
12/16/2024 Paydown 362585AC5 300,000.00 GM Financial Securitized ART 2022-2 A3
3.1% Due 2/16/2027
14,289.15 369.54 14,658.69
12/17/2024 Interest 3135G04Z3 2,020,000.00 FNMA Note
0.5% Due 6/17/2025
0.00 5,050.00 5,050.00
12/18/2024 Interest 89236TJK2 810,000.00 Toyota Motor Credit Corp Note
1.125% Due 6/18/2026
0.00 4,556.25 4,556.25
12/19/2024 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
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 61 Cash Flow Report
As of December 31, 2023
City of Vallejo Consolidated
Account #262
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 12/20/2024 Paydown 92348KAV5 350,000.00 Verizon Master Trust 2022-5 A1A
3.72% Due 7/20/2027
20,777.91 389.48 21,167.39
12/21/2024 Paydown 43815GAC3 215,931.20 Honda Auto Receivables Trust 2021-4 A3
0.88% Due 1/21/2026
15,439.85 33.98 15,473.83
12/25/2024 Paydown 3137FG6X8 1,835,000.00 FHLMC K077 A2
3.85% Due 5/25/2028
32,721.81 4,757.49 37,479.30
12/25/2024 Paydown 05592XAD2 180,000.00 BMW Vehicle Owner Trust 2023-A A3
5.47% Due 2/25/2028
0.00 820.50 820.50
12/25/2024 Paydown 05602RAD3 317,293.19 BMW Vehicle Owner Trust 2022-A A3
3.21% Due 8/25/2026
10,997.48 54.40 11,051.88
DEC 2024 255,854.19 130,085.42 385,939.61
TOTAL 84,113,253.01 3,857,754.55 87,971,007.56
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 62 Important Disclosures
City of Vallejo Consolidated
Account #262
Chandler Asset Management, Inc. (“Chandler”) is an SEC registered investment adviser. For additional information about our firm, please see our current disclosures (Form ADV). To obtain a copy of our current disclosures, you may contact your client service representative by calling the number on the front of this statement or you may visit our website at www.chandlerasset.com.
Information contained in this monthly statement is confidential and is provided for informational purposes only and should not be construed as specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of this statement, but may become outdated or superseded at any time without notice.
Custody: 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.
Valuation: Prices are provided by IDC, an independent pricing source. In the event IDC 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: 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.
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 IS AT LICENSEE'S OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY DO NOT SPONSOR, ENDORSE, OR RECOMMEND CHANDLER, OR ANY OF ITS PRODUCTS OR SERVICES.
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.
Ratings: 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.
Execution Time: 1/9/2024 12:08:21 PMChandler Asset Management - CONFIDENTIAL Page 63 CHANDLER ASSET MANAGEMENT, INC. | 800.317.4747 | www.chandlerasset.com
INVESTMENT REPORT
Period Ending December 31, 2023
City of Vallejo
SECTION 1 Economic Update
SECTION 2 Account Profile
Table of Contents As of December 31, 2023
1 SECTION |
Section 1 |
Economic Update
2 Economic Update
Recent economic data has shown above trend growth fueled by a rise in consumer spending and a continuing healthy US job market.
Inflationary trends are subsiding, but core levels remain above the Fed’starget. Given the cumulative effects of restrictive monetary policy and tighter financial conditions, we believe the economy will gradually soften and the Fed will loosen monetary policy in 2024.
As expected at the December meeting, the Federal Open Market Committee voted unanimously to leave the Federal Funds rate unchanged at a target range of 5.25 - 5.50%. Fed Chair Powell signaled that the federalfunds rate is likely at or near its peak. The new Summary of Economic Projections reflected Core PCE inflation reaching the target 2%level in 2026 without a significant increase in unemployment. We believe the FOMC will loosen monetary policy in mid-2024 as inflation and economic growth continue to moderate.
US Treasury rates fell steeply across the yield curve in December on decelerating inflation readings and a more dovish Federal Reserve outlook. The 2-year Treasury yield declined 43 basis points to 4.25%, the 5-year Treasury yield dropped 42 basis points to 3.85%, and the 10- year Treasury yield decreased 45 basis points to 3.88%. The inversion between the 2-year Treasury yield and 10-year Treasury yield widened to -37 basis points at December month-end versus -35 basis points at November month-end. The spread between the 2-year Treasury and 10-year Treasury yield one year ago was -55 basis points. The inversion between 3-month and 10-year Treasuries widened to - 146 basis points in December from -107 basis points in November. Interest rates peaked in 2023 followed by the Fed’s dovish pivot late in the year, resulting in a decline in yields across the curve and signaling less restrictive monetary policy in 2024. The shape of the yield curve indicates that the probability of recession persists. 3 Employment
-400
-200
0 200
400
600
800
1,000 MOM Change In Thousands (000's)
Nonfarm Payroll (000's)
Non-farm Payroll (000's)
3-month average (000's)
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
Rate (%)
The U.S. economy added 216,000 jobs in December, exceeding consensus expectations of 175,000, and the last two months were revised down by 71,000 jobs. Leading sectors included government, leisure, hospitality, and healthcare. The trajectory of job creation is gradually moderating, with the three-month moving average payrolls at 165,000 and the six-month moving average at 193,000. The unemployment rate remained unchanged at 3.7%, and the labor participation rate decreased to 62.5% from 62.8%, falling well below the pre-pandemic level of 63.3%. The U-6 underemployment rate, which includes those who aremarginally attached to the labor force and employed part time for economic reasons rose to 7.1% from 7.0% last month. Average hourlyearnings rose 4.1% year-over-year in December, increasing from a 4.0% gain last month. Employment remains strong by historical standards, but data are trending toward a less robust labor market outlook.
Source: US Department of Labor Source: US Department of Labor 4 Job Openings & Labor Turnover Survey
0 2,000
4,000
6,000
8,000
10,000
12,000
14,000
Job Openings
Recession
Historical Average
In Thousands (000's)
The Labor Department’s Job Openings and Labor Turnover Survey (JOLTS) dipped to 8.79 million in November, compared to an upwardly revised 8.85 million for October. While on a downward trend, job openings still represent a healthy ratio of around 1.4 jobs for each unemployed individual. The quits rate declined to 2.2%, hovering around pre-pandemic levels, down from its high of 3.0% in mid-2022 when labor demand far outstripped supply. While the current level of job openings remains elevated from a historical perspective, the trend is decelerating.
Source: US Department of Labor
5 Inflation
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
Consumer Price Index (CPI)
CPI YOY % Change
Core CPI YOY % Change
YOY (%) Change
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
7.0%
8.0%
9.0%
10.0%
Personal Consumption Expenditures (PCE)
PCE Price Deflator YOY % Change
PCE Core Deflator YOY % Change
Fed Target
YOY (%) Change
The Consumer Price Index (CPI) increased 0.1% month-over-month and 3.1% year-over-year in November, edging down from 3.2% year- over-year in October. The Core CPI, which excludes volatile food and energy components, was up 0.3% month-over-month and 4.0% year- over-year, unchanged from October as expected. Shelter was the largest contributor to November's Core CPI monthly advance, accounting for 70% of the increase. The Personal Consumption Expenditures (PCE) Index eased more than expected in November, as headline inflation fell 0.1% month-over-month and rose 2.6% year-over-year, downfrom a 2.9% increase in October. Core PCE, the Federal Reserve’s preferred inflation gauge, increased 0.1% month-over-month and decelerated to 3.2% year-over-year in November from a 3.4% year-over-year increase in October. The trend is moderating, but inflation remains above the Fed's 2% target.
Source: US Department of Labor Source: US Department of Commerce 6 Consumer
-30.0%
-20.0%
-10.0%
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
Retail Sales YOY % Change
YOY (%) Change
Retail Sales rose 0.3% in November after a downwards revision to -0.2% in October, exceeding the -0.1% consensus forecast. On a year- over-year basis, Retail Sales growth accelerated to 4.1% in November from2.2% in October buoyed by non-store retailers up 10.6%, as well as food services and drinking places up 11.3%. The Conference Board’sConsumer Confidence Index surged to 110.7 in December from 101.0 in November, far surpassing consensus expectations. Positiveratings of job availability and increased confidence in personal income prospects contributed to the substantial increase. While the consumer has been resilient, dwindling excess savings, rising credit card balances, and the resumption of student loan payments pose potential headwinds to future economic growth. 0 20
40 60
80 100
120
140
160
Index Level
Consumer Confidence
Recession
Source: US Department of Commerce Source: The Conference Board All time high is 144.70 (1/31/00); All time low is 25.30 (2/28/09) 7 Housing
0 200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400 In Thousands of Units
Annualized Housing Starts
Multi Family Housing Starts
Single Family Housing Starts
Housing Starts increased sharply month-over-month in November by 14.8% to an annual rate of 1.560 million units. Starts were up 18% for single-family units and up 6.9% for multi-family. Total starts of new homes are up 9.3% year-over-year. The pick-up in growth can be partially attributed to lower costs of construction materials and homebuilders adjusting projects to accommodate the higher interest rate environment. According to Freddie Mac, average 30-year fixed rate mortgage rates declined to 6.49% as of December 21st, paralleling the drop in the 10-year US Treasury yield. According to the Case-Shiller 20-City Home Price Index, housing prices rose 4.9% year-over-year in October, accelerating from a 3.9% year-over-year gain in September. Tight inventories and higher mortgage rates continue to impact affordability.
Source: US Department of Commerce Source: S&P
-20.0%
-16.0%
-12.0%
-8.0%
-4.0%
0.0%
4.0%
8.0%
12.0%
16.0%
20.0%
24.0%
S&P/Case-Shiller 20 City Composite Home Price Index
Recession
YOY (%) Change
8 Survey Based Measures
40 45
50 55
60 65
70 Institute of Supply Management (ISM) Surveys
ISM Manufacturing ISM Services
EXPANDING
CONTRACTING
The Institute for Supply Management (ISM) Manufacturing index moved higher to 47.4 in December from 46.7 in November due to improved performance as suppliers are better able to meet lower demand levels. However, this marks the 14th consecutive month of contraction in factory activity below a reading of 50. The ISM Services Index unexpectedly declined to 50.6 in December from 52.7 in November, narrowly remaining in the expansion zone above 50. Notably, theemployment component of the index plummeted by 7.4 points to 43.3, entering contractionary territory. This decline was primarily driven by increased layoffs and a softening in consumer demand.
Source: Institute for Supply Management
9 Gross Domestic Product (GDP)
Components of GDP 12/22 3/23 6/23 9/23
0.8% 2.5% 0.6% 2.1%
0.6% -1.7% 0.9% 1.7%
0.3% 0.6% 0.0% 0.0%
0.6% 0.3% 0.1% 0.5%
0.3% 0.5% 0.5% 0.5%
2.6% 2.3% 2.1% 4.9%
Personal Consumption Expenditures
Gross Private Domestic Investment
Net Exports and Imports
Federal Government Expenditures
Total
State and Local (Consumption and Gross
Investment)
-40.0%
-30.0%
-20.0%
-10.0%
0.0%
10.0%
20.0%
30.0%
40.0%
Gross Domestic Product (GDP)
GDP QOQ % Change
GDP YOY % Change
Source: US Department of Commerce Source: US Department of Commerce According to the third estimate, third quarter GDP grew at an annualized rate of 4.9%, revised down from the second estimate of 5.2%, with the downward revisions driven primarily by personal consumption expenditures. The consensus estimate calls for a marked slowing to 1.2% in the fourth quarter and 2.4% for full year 2023. 10 Leading Indicators of Economic Activity
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
20.0%
Leading Economic Indicators (LEI)
Recession
YOY (%) Change
-1.00
-0.75
-0.50
-0.25
0.00 0.25
0.50 0.75
1.00 Chicago Fed National Activity Index (CFNAI)
Recession
3 Month Average
The Conference Board’s Leading Economic Index (LEI) fell 0.5% in November, marking the twentieth consecutive month-over-month decline. The index dropped 7.6% year-over-year. The Conference Board expects the consistent decline month-over-month to result in a slowdown in economic activity. The Chicago Fed National Activity Index (CFNAI) improved in November to 0.03 from a downwardly revised -0.66 in October. On a 3-month moving average basis, the CFNAI rose slightly to -0.20 in November from -0.26 in October, indicating a rate of growth below the historical average trend.
Source: The Conference Board Source: Federal Reserve Bank of Chicago 11 Federal Reserve
Source: Federal Reserve Source: Bloomberg
0 1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
9,000,000
10,000,000
Federal Reserve Balance Sheet Assets
Recession
In $ millions
As expected at the December meeting, the Federal Open Market Committee voted unanimously to leave the federal funds rate unchanged at a target range of 5.25-5.50%. The Fed acknowledged inflation eased over the past year while remaining elevated. Fed Chair Powell signaled that the federal funds rate is likely at or near its peak. The Summary of Economic Projections reflected Core PCE inflation reaching the target 2% level in 2026 without a significant increase in unemployment. The median forecast for the federal funds rate declined to 4.6%, implying three quarter-point cuts next year, four in 2025 and three in 2026, placing the federal funds target rate around
2.9% at the end of the forecast horizon. The market interpreted the statement as dovish, with futures contracts pricing in rate cuts sooner and more aggressively than the Fed’s forecasts next year. We believe the FOMC will loosen monetary policy in mid-2024 as inflation and economic growth continue to moderate. Since the Fed began its Quantitative Tightening campaign in June 2022, securities holdings have declined by over $1.2T to approximately $7.8T.
0.00%
1.00%
2.00%
3.00%
4.00%
5.00%
6.00%
Effective Federal Funds Rate
Recession
Yield (%)
12 Bond Yields
Source: Bloomberg Source: Bloomberg
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
US Treasury Note Yields
2-Year
5-Year
10-Year
Yield (%)
0.0%
1.0%
2.0%
3.0%
4.0%
5.0%
6.0%
US Treasury Yield Curve
Dec-23
Sep-23
Dec-22
Yield (%)
At the end of December, the 2-year Treasury yield was 18 basis points lower,and the 10-Year Treasury yield was flat, year-over-year. The inversion between the 2-year Treasury yield and 10-year Treasury yield widened to -37 basis points at December month-end versus -35 basis points at November month-end. The average historical spread (since2003) is about +130 basis points. The inversion between 3- month and 10-year Treasuries widened to -146 basis points in December from-107 basis points in November. The shape of the yield curve indicates that the probability of recession persists. 13 Section 2|SECTION |
Section 2 |
Account Profile
14 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 V allejo, in order of priority , are to provide safety to ensure the preservation of capital in the overall portfolio, provide suffi c i e n t l iq u id i t y f o r c a s h n e e d s , a n d a m a r k e t rate of return consistent with the investment program.
Strategy
In order to achieve this objective, the portfolio invests in hi gh-quality fixed income securities that comply with the investment policy and all regulations governing the funds.
As of December 31, 2023
15 Compliance As of December 31, 2023
Category Standard Comment
U.S. Treasuries No limit; 5 years max maturity Complies Federal Agenci es
50% max; 30% max per Agency/GSE issuer; 20% max agency callab le securities; 5 years max maturity; Allowable securities include: 1) Issues which are backed by the full fait h and credit of the U.S., and 2) Issues which are im plicitly backe d by the full faith and cre dit 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 uncondit ionally 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 institutio ns licensed by the U.S. Complies Asset-Backed, Mortgage-Backed
Se curitie s, and Collate ralize d Mortgage
Obligations
"AA" rating category or better by a NRSRO; 20% max (combined w ith ABS/MBS/CMO); 5% max per Asset-Backed or Commercial Mortgage security issuer; From Issuers not defined in se ctions A -D (Tre asurie s, A ge ncie s) of the authorized investments; 5 years max maturity
Complies
Negotiable Certifi cates of Deposit
(NCD)
The amount of NCD insured up to the FDIC limit does not require any credit ratings; Any amount above FDIC insured lim it m ust be issue d by institutions with "A -1" short-te rm de bt 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 m aturity; A ll institutions m ust (1) have a m inim um of $100 million in asse ts; (2) have a de m onstrate d 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 inve stm e nt. A ll institutions m ust be locate d within the State of California; For collateralized or NCDs, in stitution m ust have a m inim um $1 billion in asse ts.
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
Com m e rcial Pape r
"A-1" rated or better by a NRSRO; and Issued by corporations wi th long-term debt rating of "A" or better by a NRSRO; 25% m ax; 40% m ax in Com m e rcial Pape r if the City's inve stm e nt AUM are >$100 million, under a provision sunsetting on January 1, 2026; $1m illion m ax pe r issuing corporation; 5% m ax pe r issue r; 10% m ax of the outstanding commercial paper of any issuer; 270 days max maturity; Notes are secured promissory notes of industrial corporations, utilitie s and bank holding com panie s; Issue r m ust be a corporation organized and operating in the U.S. with assets >$500 m illion
Complies
City of Vallejo
Assets managed by Chandler Asset Management are in full complia nce with state law and with the Client's investment policy. 16 Compliance As of December 31, 2023
Category Standard Comment
Money Market Mutual Funds
Meet either of the following criteria: 1) Attained highest rati ng by two NRSROs; or 2) Retained an investment adviser regi stered or exempt from SEC regi strati on wi th > 5 years experience and AUM >$500 million; 3) 10% m ax in Mone y Market Mutual Funds; 4) 5% max per issuer; 4 years max maturit y Complies
Mutual Funds
Meet either of the following criteria: 1) Attained highest rati ng by two NRSROs; or 2) Retained an investment adviser regi stered or exempt from SEC regi strati on wi th > 5 years experience and AUM >$500 million; 3) 10% m ax 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 mo nth, per account, per State policy Complies Local Government Investment
Pools(LGIP) N o issue r lim itation Complies
Equity Securities Only received by gift, bankruptcy, or in lieu of moneys due City Complies Social Re sponsibility No investment is to be made in a company that receives more tha n 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 A sset Class 50% max per asset class of the portfolio (except U.S. Treasurie s 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 complia nce with state law and with the Client's investment policy. 17 Portfolio Characteristics
City of Vallejo Consolidated
12/31/23
Portfolio
09/30/23
Portfolio
Average Maturity (yrs) 1.23 1.21
Modified Duration 1.07 1.04
Average Purchase Yield 3.52% 3.32%
Average Market Yield 4.30% 4.50%
Average Quality* AA+/Aa1 AA+/Aa1
Total Market Value 237,220,809 237,417,085
*Portfolio is S&P and Moody’s, respectively.
As of December 31, 2023
18 City of Vallejo Consolidated
Sector Distribution
ABS
3.4% Agency
9.0%
CMO
1.1%
Corporate
11.9%
LAIF
20.0%Money Market
Fund
8.0%
Supranational
0.2%
US Treasury
46.4%
December 31, 2023 September 30, 2023
ABS
3.9% Agency
9.1%
CMO
1.1%
Corporate
11.9%
LAIF
19.8%Money Market
Fund
9.6%
Supranational
0.2%
US Treasury
44.5%
As of December 31, 2023
19 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+ December 31, 2023 September 30, 2023
December 31, 2023 vs. September 30, 2023
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ 12/31/23 44.4% 16.4% 2.8% 13.7% 7.0% 11.7% 3.8% 0.0%
09/30/23 49.2% 8.5% 6.7% 13.1% 7.7% 8.4% 6.4% 0.0%
City of Vallejo Consolidated
Duration Distribution As of December 31, 2023
20 AAA AA A <A NR
12/31/23 23.4% 37.1% 10.5% 0.1% 28.8%
09/30/23 22.5% 36.2% 10.6% 0.1% 30.6%
Source: S&P Ratings
December 31, 2023 vs. September 30, 2023
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
AAA AA A <A NR
12/31/23 09/30/23
Quality Distribution
City of Vallejo Consolidated
As of December 31, 2023
21 Purchase Yield as of 12/31/23 = 3.52%
0.00 0.50
1.00 1.50
2.00 2.50
3.00 3.50
4.00 Percent (%)
Historical Average Purchase Yield
City of Vallejo Consolidated
As of December 31, 2023
22 Portfolio Characteristics
City of Vallejo Bond Proceeds
12/31/23
Portfolio
09/30/23
Portfolio
Average Maturity (yrs) 0.21 0.23
Modified Duration 0.20 0.22
Average Purchase Yield 3.48% 3.43%
Average Market Yield 5.12% 5.26%
Average Quality* AAA/Aaa AAA/Aaa
Total Market Value 45,428,999 44,894,064
*Portfolio is S&P and Moody’s, respectively.
As of December 31, 2023
23 City of Vallejo Bond Proceeds
Sector Distribution
Money Market
Fund
22.9%
US Treasury
77.1%
December 31, 2023 September 30, 2023
Money Market
Fund
34.8%
US Treasury
65.2%
As of December 31, 2023
24 0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
50.0%
55.0%
60.0%
65.0%
70.0%
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ December 31, 2023 September 30, 2023
December 31, 2023 vs. September 30, 2023
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ 12/31/23 57.9% 33.6% 8.6% 0.0% 0.0% 0.0% 0.0% 0.0%
09/30/23 63.2% 19.7% 17.2% 0.0% 0.0% 0.0% 0.0% 0.0%
City of Vallejo Bond Proceeds
Duration Distribution As of December 31, 2023
25 AAA AA A <A NR
12/31/23 63.1% 36.9% 0.0% 0.0% 0.0%
09/30/23 63.2% 36.8% 0.0% 0.0% 0.0%
Source: S&P Ratings
December 31, 2023 vs. September 30, 2023
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
AAA AA A <A NR
12/31/23 09/30/23
Quality Distribution
City of Vallejo Bond Proceeds
As of December 31, 2023
26 Important Disclosures
2023 Chandler Asset Management, Inc,An Independent Registered Investment Adviser.
Information contained herein is confidential. Prices are provided by ICEData Services Inc (“IDS”), an independent pricing source. In the event IDSdoes 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.
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As of December 31, 2023
27 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 USdollar denominated US Treasury and nonsubordinated US agency debt issuedin 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 December 31, 2023
28 CONSENT CALENDAR 8.E.
DATE: January 23, 2024
TO: Mayor and Members of the City Council
FROM: Jason Ta, Interim Chief of Police
SUBJECT: ADOPT RESOLUTION APPROVING AN AGREEMENT WITH THE FELTON INSTITUTE IN AN AMOUNT NOT TO EXCEED $912,463 FOR INTEGRATED HEALTH AND
RESPONSE TEAM (IHART) PROGRAM SERVICES AND AUTHORIZING THE CITY
MANAGER TO EXECUTE SAME
RECOMMENDATION
Adopt Resolution Approving an Agreement With the Felton Institute in an Amount Not to Exceed $912,463 for Integrated Health and Response Team (IHART) Program Services and Authorizing the City Manager to Execute Same.
REASONS FOR RECOMMENDATION
In partnership with community members, local non-profits, and many other stakeholders, the Police Department worked to develop a new mobile community crisis intervention team that will address specific and urgent mental and behavioral health needs in the City of Vallejo. This unit will provide residents of the City of Vallejo with trauma-informed responses and linkages for mental and behavioral health and social services related calls, thus reducing the role of police for these calls and improving outcomes for individuals experiencing mental health- and social services-related crises by diverting these non-violent calls from the Police Department to this new program.
This program, titled IHART, Integrated Health and Response Team, requires an agreement with our local non- profit partner, Felton Institute, and is planned to launch in February 2024.
BACKGROUND AND DISCUSSION
Since 2018, VPD has seen a 37 percent increase in mental health-related calls with officers responding to over 100 mental health-related monthly calls. With IHART, VPD hopes to divert all non-violent 5150 (mental health-related) calls to IHART, removing potential triggers and escalation risks by replacing police with crisis workers, a social worker, and medical professionals to provide linkages to civilians with lived experience.
IHART will require partnership and integration with the existing work of the Vallejo Police Department (VPD), Vallejo Fire Department (VFD), emergency communications center, Medic Ambulance, Solano County Behavioral Health Services (SCBHS), Solano County Department of Health and Social Services (SCDHSS), and other mental health, substance use, and homelessness service providers.
In 2022, an official needs assessment was conducted by CRISIS Consulting identifying that the demand for field based programs and mental health services, where law enforcement may not be the appropriate first response, in Vallejo has outpaced the resources available through the county. This project is informed by the Substance Abuse and Mental Health Services Administration (SAMHSA) National Guidelines for Behavioral Health Crisis Care Best Practice Toolkit. SAMHSA’s toolkit was built to guide the development and implementation of a continuum of crisis services for community members experiencing a behavioral health or homelessnessrelated crisis. This pilot is also informed by the CAHOOTS (Crisis Assistance Helping Out on the Streets) model of alternative response and hopes to recreate the success of that team by adapting what it
Date: January 23, 2024
Subject: ADOPT RESOLUTION APPROVING AN AGREEMENT WITH THE FELTON INSTITUTE IN AN AMOUNT NOT TO EXCEED $912,463 FOR INTEGRATED HEALTH AND
RESPONSE TEAM (IHART) PROGRAM SERVICES AND AUTHORIZING THE CITY
MANAGER TO EXECUTE SAME
does well to the needs of Vallejo. The CAHOOTS model has become a standard for cities across the United States and the City of Vallejo is ready to implement a one-year pilot program.
In May 2023, the first RFP seeking a service provider with a history of implementing successful field-based programs and mental health services to operate an integrated response team in Vallejo was issued. Due to a lack of response the department had to extend the RFP deadline twice and received a total of three responses. Department staff and stakeholders reviewed the proposals via a scoring process that ranked the vendors based on background and capacity, scope of services, and budget. In November 2023, a community town hall was hosted to receive community feedback about the vendors for the selection process. After careful consideration, the Police Department has selected Felton Institute to be the service provider for the IHART program.
FISCAL IMPACT
The City of Vallejo Police Department will fund the Felton Institute contract for the one-year pilot program through the two grants awarded by the U.S. Department of Justice. The funding is sourced from the FY 2022 Byrne Discretionary Community Project Funding grant and FY 2022 Implementing Crisis Intervention Teams grant.
The Police Department is actively exploring additional grant funding to sustain the program beyond the pilot period.
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. Felton Resolution- CAO STAMP Final
2. Felton Contract Packet - CAO Stamp FINAL
CONTACT
Jason Ta, Interim Chief of Police (707) 648-4540
[email protected]
RESOLUTION NO.
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VALLEJO APPROVING AN
AGREEMENT WITH THE FELTON INSTITUTE IN AN AMOUNT NOT TO EXCEED $912,463.00 FOR INTEGRATED HEALTH AND RESPONSE TEAM (IHART)
PROGRAM SERVICES AUTHORIZING THE CITY MANAGER TO EXECUTE SAME WHEREAS, the City has the desire to develop a new mobile community crisis intervention team to address specific and urgent mental and behavioral health needs in the City of Vallejo; and
WHEREAS, the program titled IHART (Integrated Health and Response Team) requires an agreement with a local non-profit partner to launch services in February 2024 for a one-year pilot program; and
WHEREAS, in May 2023 the City of Vallejo Police Department published a Request for Proposal seeking a service provider with a history of implementing successful field- based programs and mental health services to operate an integrated response team in Vallejo; and
WHEREAS, in November 2023, the City conducted a community town hall to receive community feedback about the vendors who submitted proposals; and WHEREAS, in November 2023, the Felton Institute was selected to be the sole service provider for the IHART program; and
WHEREAS, the City of Vallejo Police Department will fund the services provided by the Felton Institute for the one-year pilot program through grant funding obtained from the FY 2022 Byrne Discretionary Community Project Funding grant and FY 2022 Implementing Crisis Intervention Teams both awarded by the U.S. Department of Justice
NOW, THEREFORE BE IT RESOLVED that the Consultant and Professional Services Agreement with Felton Institute dated February 1, 2024 in an amount not to exceed $912,463.00, including expenses, is hereby approved, with any modifications recommended by the City Attorney and City Manager is hereby approved and the City Manager is authorized to execute same.
Consultant and Professional Services Agreement (Revised 01.2019 ) Page 1 of 12
CONSULTANT AND PROFESSIONAL SERVICES AGREEMENT
This Consultant and Professional Services Agreement ("Agreement ") is made at Vallejo, California, dated for reference this , ___ , by and between the City of Vallejo, a municipal corporation ("City"), and Felton Institute, hereinafter referred to as “Consultant”, who agree as follows:
RECITALS
WHEREAS, City desires to establish the Integrated Health and Resource Te am (“IHART”) Mobile Mental Health and Crisis Response Program (Pro gram) to benefit the residents of the City by providing mental health as sistance and crisis response support through a broad behavioral health co-response model.
WHEREAS, City desires to retain a qualified firm to conduct the services described above in accordance with the Scope of Services as more particul arly set forth in Exhibit A to this Agreement.
WHEREAS, Consultant represents to City that it is a firm composed of hig hly trained professionals and is fully qualified to conduct the services described herein and render advice to City in connection with said services.
WHEREAS, the parties have negotiated the terms pursuant to which Consult ant will provide such services and have reduced such terms to writi ng as set forth herein.
1. Services. Subject to the terms and conditions set forth in this Agreeme nt, Consultant shall provide the City professional services as spec ified in Exhibit A, entitled “Scope of Work.”
2. Payment. City shall pay Consultant for services rendered pursuant to t his Agreement at the times and in the manner set forth in Exhibit B , entitled “Compensation.” The payments specified in Exhibit B shall be the only payments to be made to Consultant for services rendered pursuant to this Agreement.
3. Facilities and Equipment. Ex cept as set forth herein, Consultant shall, as its sole cost and expense, provide all facilities and equipm ent that may be necessary to perform the Services required by this Agreement. C ity shall make available to Consultant only the facilities and equipment speci fically listed herein,
Consultant and Professional Services Agreement (Revised 01.2019 ) Page 2 of 12 and only under the terms and conditions set forth herein.
City shall furnish physical facilities such as desks, filing ca binets, and conference space, as may be reasonably necessary for Consultant’s use while consulting with City employees and information in the possession of the City. The location, quality, quantity, and time of furnishing those facilities shall be in the sole discretion of City.
In no event shall City be obligated to furnish any facility that may involve incurring any direct expense, including but not limited to computer, long-distance telephone or other communication charges, vehicles, and reproduction facilities.
Prior authorization, in writing, by City shall be required befo re Consultant enters into any unbudgeted purchase order, or subcontract for supplies , equipment, or services for which Consultant intends to seek reimbursement from City. Consultant shall provide an evaluation of the necessity or desirability of incurring such costs.
The City will have the final say as to whether such expenditures are approved.
City may require Consultant to submit three competitive quotations or bids with the request for such purchase, or in the absence of bidding such re quest must be adequately justified in accordance with applicable laws, rules, regulations and policies.
Any equipment purchased as a result of this Agreement is subject to the following:
Contractor shall maintain, and provide to the City upon request, an inventory of all nonexpendable property having a useful life of at least one year.
Title to all property shall vest in the name of the City. Durin g the term of this Agreement, Consultant shall be responsible for the protection, maintenance, and preservation of all such property held in custody for the City. Consultant shall, upon expiration or termination of this Agreement, deliver to the Cit y all such property, and documents evidencing title to same, as applicable. In the case of lost or stolen items or equipment, Consultant shall immediately notify the Cit y Representative, and shall complete any reports or follow such other procedures regarding lost or stolen items or equipment as required by the City.
Consultant shall comply with all other requirements of the City regarding supplies and equipment procured under this Agreement as may set forth in Exhibit A, or in any policies or procedures developed pursuant to this Agreement.
4. Indemnification. Consultant shall indemnify, hold harmless, and defend City, its officers, officials, directors, employees, agents, vo lunteers and affiliates and each of them from any and all claims, demands, causes of ac tion, damages, costs, expenses, actual attorney’s fees, consultant’s fees, exp ert fees, losses or liability, in law or in equity, of every kind and nature whats oever arising out of or in connection with Consultant’s operations, or any subcontracto r’s operations, to be performed under this agreement for Consultant’s or subcontra ctor’s tort
Consultant and Professional Services Agreement (Revised 01.2019 ) Page 3 of 12 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 prope rty of anyone, including loss of use thereof, caused or alleged to be caused b y any act or omission of Consultant, or any subcontractor, or anyone directl y or indirectly employed by any of them or anyone for the full period of time a llowed 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. Consultant agrees to comply with all of the Insurance Requirements set forth in Exhibit C, entitled “Insura nce Requirements for Consultant.” Failure to maintain required insurance at all times shall constitute a default and material breach.
6. Accident Reports. Consultant 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 to persons or property during t he 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 an y known witnesses, (c) the date, time, and description of the accident or other occurrence.
7. Conflict of Interest. Consultant warrants and represents that to the best of its knowledge, there exists no actual or potential conflict between Consultant’s family, business, real property or financial interests and the services to be provided under this Agreement. Consultant 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 Consultant’s famil y, business, real property, or financial interests occurs during the term of this Agreement that creates an actual or potential conflict of interest, then Consu ltant shall disclose such conflict in writing to City. Every individual who perform s services on behalf of Consultant pursuant to this Agreement must file a full State ment of Economic Interests (also known as Form 700) with the City Clerk if the work of the individual involves making a governmental decision whether to issue, deny, suspend, or revoke any permit, license, application, certificate, approval, order, or similar authorization or entitlement; authorizes the City to enter into , modify, or renew a contract; grants City approval of specifications for a contract ; adopts or approves for the City any policy, standard or guideline; lobbies on beha lf of the City, or performs the same or substantially all the same duties for the City that would otherwise be performed by an individual holding a position spec ified in the City’s Conflict of Interest Code.
Consultant and Professional Services Agreement (Revised 01.2019 ) Page 4 of 12
8. Independent Contractor. Consultant is an independent contractor.
Neither Consultant nor any of Consultant’s officers, employees, agents, or subcontractors, if any, is an employee of City by virtue of thi s Agreement or performance of any services pursuant to this Agreement. City shall have the right to control Consultant only insofar as the results of Consultant’s services rendered pursuant to this Agreement; however, City shall not have the ri ght to control the means by which Consultant accomplishes services pursuant to this Agreement.
9. Licences, Permits, Etc. Consultant represents and warrants to City that all consultant services shall be provided by a person or person s duly licensed by the State of California to provide the type of services to be p erformed under this Agreement and that Consultant has all the permits, qualifications and approvals of whatsoever nature which are legally required for Consultant to practice its profession. Consultant represents and warrants to City that it shall, at its sole cost and expense, keep in effect at all times during the term of thi s Agreement any licenses, permits, and approvals which are legally required for Consultant to practice its profession.
10. Business License. Consultant, and its subcontractors, has obtained or agrees to apply prior to performing any services under this Agr eement to City’s Finance Department for a business license, pay the applicable b usiness 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 th is Agreement and grounds for termination by City. No payments shall be made to Consultant until such business license(s) has been obtained.
11. Standard of Performance. Consultant shall provide products and perform all services required pursuant to this Agreement in accordance with generally accepted professional practices and principles and in a manner consistent with the level of care and skill ordinarily exercised under similar conditions by a member of Consultant’s profession currently practicing in California.
Consultant is responsible for making an independent evaluation and judgment of all conditions affecting performance of the work, including wit hout limitation applicable federal, state, and local laws and regulations, and all other contingencies or considerations.
Consultant’s responsibilities under this section shall not be delegated. Consultant shall be responsible to City for acts, errors, or omissions of Consultant’s subcontractors.
Consultant is responsible for making an independent evaluation and judgment of all conditions affecting performance of the work and shall prep are plans, reports, and/or other work products in such a way that additional costs will not be incurred beyond a project budget approved or amended by the City Manager or his or her designee.
Consultant and Professional Services Agreement (Revised 01.2019 ) Page 5 of 12
Whenever the scope of work requires or permits review, approval , conditional approval or disapproval by City, it is understood that such rev iew, approval, conditional approval or disapproval is solely for the purposes of administering this Agreement and determining whether the Consultant is entitled to payment for such work, and not be construed as a waiver of any breach or accepta nce by the City of any responsibility, professional or otherwise, for the work, and shall not relieve the Consultant of responsibility for complying with the standard of performance or laws, regulations, industry standards, or from liability for da mages caused by negligent acts, errors, omissions, noncompliance with industry standards, or the willful misconduct of Consultant.
12. Force Majeure. Neither party shall be considered in default of this Agreement to the extent performances are prevented or delayed b y 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 Consultant is unable to meet the completion date or schedule of services, Consultant shall immediately inform the City Repre sentative of this in writing. If additional time is required to perform the work, th e City Representative may adjust the schedule.
13. Time is of the Essence. Time is of the essence in this Agreement. Any reference to days means calendar days, unless otherwise specifically stated.
14. Personnel. Consultant 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 terminati on of this Agreement.
The payment made to Consultant pursuant to this Agreement shall be the full and complete compensation to which Consultant and Consultant’s officers, employees, agents, and subcontractors are entitled for performance of any work under this Agreement. Neither Consultant nor Consultant’s officers or employees are entitled to any salary or wages, or retirement, health, leave or other f ringe benefits applicable to employees of the City. The City will not make any federal or state tax withholdings on behalf of Consultant. The City shall not be re quired to pay any workers' compensation insurance on behalf of Consultant.
Consultant shall pay, when and as due, any and all taxes incurr ed as a result of Consultant’s compensation hereunder, including estimated taxes, a n d s h a l l provide City with proof of such payments upon request.
15. Consultant Not Agent. Except as authorized under this Agreement or as
Consultant and Professional Services Agreement (Revised 01.2019 ) Page 6 of 12 City may authorize in a letter of authorization signed by the City Manager or his or her designee, Consultant shall have no authority, express or im plied to act on behalf of City in any capacity whatsoever as an agent. Consult ant shall have no authority, express or implied, under this Agreement, to bind Ci ty to any obligation whatsoever.
16. Term. The term of this Agreement shall commence on February 1, 2024 and shall continue in full force and effect until January 31, 2025.
City shall, at its discretion, have the right to extend the ter m of this Agreement, in intervals of one year, by written notice to Consultant. The to tal duration of this Agreement, including the exercise of any options under this sec tion, shall not exceed five years.
If the term of this Agreement extends into fiscal years subsequent to that in which it is approved, such continuation of the Agreement is contingen t 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 thi s 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 or abandon any portion or all of the services to be provided under this Agreement by giving noti ce to Consultant.
Upon receipt of a notice of termination, Consultant shall perfo rm no further work except as specified in the notice. Before the date of terminati on, Consultant 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 Consultant for services performed in accorda nce with this Agreement before the date of termination. If this contract prov ides 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 service s performed shall be based on an amount mutually agreed to by City and Consultant for the portion of work completed in conformance with this Agreement before the date of termination. In addition, the City will reimburse Consultant for authorized expenses incurred and not previously reimbursed. The City shall not be 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 Consulting Services. The work product, including without limitation, all writings, work sheets, reports, recordings, dra wings, files, detailed calculations and other work products, whether complete or incom plete, of Consultant resulting from services rendered pursuant to this Ag reement, shall become the property of City. Consultant agrees that all copyri ghts which arise
Consultant and Professional Services Agreement (Revised 01.2019 ) Page 7 of 12 from creation of the work under this Agreement shall be vested in the City and waives and relinquishes all claims to copyright or other intell ectual property rights in favor of the City. City acknowledges that its use of the wo rk product is limited to the purposes contemplated by the scope of work and that the Consultant makes no representation of the suitability of the work product for us e 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 spe cified, in Microsoft Word, Excel, PowerPoint or other Microsoft Office Suite (2002) format as appropriate for the particular work product or, if directed by the City Representative in Adobe Acrobat PDF format.
19. Cooperation by City. City shall, to the extent reasonable and practicable, assist and cooperate with Consultant in the performance of Cons ultant’s services hereunder.
20. Assignment and Subcontracting. Consultant shall not subcontract, assign or transfer voluntarily or involuntarily any of its righ ts, 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 purport ed 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, Consultant shall pay its subcontractor within ten (10) days of receipt of payment by City for work performed by a subcontractor and billed by the Consultant. Use of the term subcontractor in any other provision of this contract shall not be construed to imply authorization for Consultant to use subcontractors for performance of any service under this Agreement.
The City is an intended beneficiary of any work performed by Co nsultant’s subcontractor for purposes of establishing a duty of care betwe en the subcontractor and City.
Any subcontractor or assignee consented to by City shall be bou nd by all terms and conditions of this agreement and the same shall be incorpor ated into and made a part of any assignment or subcontractor agreement.
21. 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.
22. Non-Discrimination/Fair Employment Practices.
(a) Consultant shall not, because of race, religious creed, col or, sex, national
Consultant and Professional Services Agreement (Revised 01.2019 ) Page 8 of 12 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, co nditions or privileges any person, and every employee will receive equal op portunity for employment and shall be granted equal treatment with respect to compensation, terms, conditions or other privileges of employment, without re gard to his race, religious creed, color, sex, national origin, ancestry, or disability, medical condition, age, marital status or sexual orientation.
Consultant 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 s tatus or sexual orientation in the selection and retention of employees, subcon tractors or procurement of materials or equipment.
In all solicitations either by competitive bidding or negotiations made by Consultant for work to be performed under any subcontract, including procu rement of materials or equipment, each potential subcontractor or supplie r shall be notified by Consultant of Consultant’s obligation under this Agreement r elative to nondiscrimination and fair employment practices.
Consultant shall include the above provisions of this section in every subcontract, including procurement of materials or equipment.
(b) Consultant agrees to comply with Title VII of the Civil Rig hts Act of 1964, as amended, the California Fair Employment Practices Act, the Amer icans with Disabilities Act of 1990, any other applicable federal and state laws and regulations and City ordinances and regulations hereinafter enacted.
23. Notices. All notices or instruments required to be given or delivered by law or this Agreement shall be in writing and shall be effective upon receipt thereof and shall be by personal service or delivered by depositing the sam e in any United States Post Office, registered or certified mail, postage prepaid, addressed to:
If to City:
Robert Knight
Captain of Police/Program Director
City of Vallejo Police Department
111 Amador Street
Vallejo, CA 94590
If to Consultant:
Felton Institute
1005 Atlantic Ave.
Alameda, CA 94501
Consultant and Professional Services Agreement (Revised 01.2019 ) Page 9 of 12
Any party may change its address for receiving notices by givin g 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.
24. Integration Clause. This Agreement, including all Exhibits, contains the entire agreement between the parties and supersedes whatever or al 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.
25. 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.
26. 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.
27. Waiver. Waiver by either party of any default, breach or condition precedent shall not be construed as a waiver of any other defau lt, breach or condition precedent or any other right hereunder.
28. Ambiguity. The parties acknowledge that this is a negotiated agreement, that they have had the opportunity to have this Agreement revie wed 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 part y's draftsmanship thereof.
29. Gender. All pronouns and any variations thereof shall be deemed to re fer to the masculine, feminine, neuter, singular or plural, as the identifications of the person or persons, firm or firms, corporation or corporations may require.
30. 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.
31. Compliance with Laws. Consultant will comply with all statutes, regulations and ordinances in the performance of all services u nder this Agreement.
Consultant and Professional Services Agreement (Revised 01.2019 ) Page 10 of 12
32. Confidentiality of City Information. During the performance of services under this Agreement, Consultant may gain access to and use Cit y 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. Consultant agrees that it will not use any information obtained as a consequence of th e performance of services under this Agreement for any purpose other than fulfil lment of Consultant’s scope of work , to protect all City Information an d 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 manner 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.
Consultant shall treat all records and work product prepared or maintained by Consultant in the performance of this Agreement as confidential.
A violation by Consultant of this section shall be a material v iolation of this Agreement and will justify legal and/or equitable relief.
Consultant’s obligations under this section shall survive the completion of services, expiration or termination of this Agreement.
33. News and Information Release. Consultant agrees that it will not issue any news releases in connection with either the award of this A greement, or any subsequent amendment of or efforts under this Agreement, withou t first obtaining review and approval of said news releases from City through the City Representative.
34. City Representative. The City Representative specified in Exhibit A, or the representative's designee, shall administer this Agreement for the City.
35. Counterparts. The parties may execute this Agreement in one or more counterparts, each of which shall be deemed an original, but al l of which together shall be deemed one and the same instrument.
36. 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 el ectronically shall promptly send an original signature to the other party pursuant to the notice provision of this Agreement. The failure to send an original s hall not affect the binding nature of this Agreement.
37. Authority. The person signing this Agreement for Consultant hereby represents and warrants that he/she is fully authorized to sign this Agreement on
Consultant and Professional Services Agreement (Revised 01.2019 ) Page 11 of 12 behalf of Consultant.
38. Exhibits. The following exhibits are attached hereto and incorporated herein by reference:
Exhibit A, entitled “Scope of Work,” including any attachments Exhibit B, entitled “Compensation,” including any attachments Exhibit C, entitled “Insurance Requirements,” including attach ments
[SIGNATURES ON FOLLOWING PAGE]
Consultant and Professional Services Agreement (Revised 01.2019 ) Page 12 of 12
IN WITNESS WHEREOF, the parties have executed this Agreement on the day and year shown below the name of each of the parties.
FELTON INSTITUTE
B y :
Al Gilbert, CEO and President
DATE: _________
(City Seal)
CITY OF VALLEJO,
a municipal corporation
By:
Michael Malone
City Manager
DATE:
ATTEST:
By:
Dawn G. Abrahamson
City Clerk
APPROVED AS TO CONTENT:
__________________________________
Jason Ta, Interim Chief of Police
APPROVED AS TO FORM:
Veronica A. F. Nebb
City Attorney
APPROVED AS TO INSURANCE:
Armond Sarkis
Risk Manager
Consultant and Professional Services Agreement (Revised 01.2019 ) Page 1 of 2 Exhibit A – Scope of Work
EXHIBIT A
SCOPE OF WORK
1. Representatives. The City Representative for this Agreement is:
Caitlyn Nguyen
Programs Analyst
[email protected]
The Consultant’s Representative for this Agreement is:
Rayvon Williamson
Program Manager
[email protected]
All routine administrative communications between the parties will be between the above named representatives and may be by personal delivery, ma il, facsimile transmission, or electronic mail as agreed between the Consultant Representative and City’s Representative.
2. Services to be Provided. The services provided shall be as set forth in Attachment 1 of Exhibit A, attached hereto and incorporated her ein by this reference.
3. Time for Performance.
Consultant will perform the services according to the schedule contained in Attachment 1 of Exhibit A. If the schedule calls for the services to be performed in phases or discrete increments, Consultant shall not proceed fro m one phase or increment to the next without written authorization from the City’s Representative.
4. Key Personnel. All of the individuals identified below are necessary for the successful prosecution of the services due to their unique expertise and depth and breadth of experience. There shall be no change in the personne l listed below, without written approval of the City Representative. Consultant recognizes that the composition of this team was instrumental in the City’s decision to award the work to Consultant and that compelling reasons for substituting thes e individuals must be demonstrated for the City’s consent to be granted. Any subst itutes shall be persons of comparable or superior expertise and experience. Fai lure to comply with the provisions of this section shall constitute a material breach of Consultant’s obligations under this Agreement and shall be grounds for termination.
Key personnel are as follows:
Al Gilbert
Consultant and Professional Services Agreement (Revised 01.2019 ) Page 2 of 2 Exhibit A – Scope of Work
Curtis Penn
Rayvon Williamson
ATTACHMENT 1 OF EXHIBIT A
IHART Contract Executive Summary
IHART is a mobile crisis intervention team that is staffed by a n EMT, a mental health clinician, and a crisis worker/social worker. The team will respond to non-violent, non -emergency calls for services dispatched through the Vallejo Police Department Communications Center. IHART will provide residents of the City of Vallejo with trauma-informed responses and linkages for mental and behavioral health and social services- related calls through a co-response model, thus reducing the ro le of police for these calls and improving outcomes for individuals experiencing mental health and social services-related crises. The team will provide proactive education and outreach to those who are frequ ent utilizers of the system. IHART team members will focus on holistic wrap-around services and engage those who have been contracted by the mobile response team and assist these vulnerable community memb ers in accessing long term care and services. This Program also seeks to mitigate and respond to in stitutional structures that exacerbate inequalities for the target population by providing immediate c ritical support and assistance in navigating existing services and reducing police response. Felton Institut e will work closely with the VPD and VFD to integrate the program into the existing first-response systems and processes. This project will also integrate a focus on providing proactive, easily accessible, culturally r esponsive resources for individuals in mental health crises. A responsive communication strategy will be developed to ensure residents are both engaged and aware of this program as an access point for preventative mental health care.
I. The Goals of the Program are to:
A. Operate a mobile crisis team serving the entire city of Vall ejo, 365 days a year to enhance crisis response for those in Vallejo experiencing a mental heal th crisis or non-violent dispute;
B. Respond 12 hours per day, 7 days per week, and 365 days per year. A period of ramping up the service is acceptable. IHART must provide community Ǧbased crisis intervention, welfare checks, screening, assessment, and referrals to appropr iate resources (based on the individual's need, age, etc.).
C. Provide a timely in Ǧperson response Ǧ with a targeted response time of 10 Ǧ 20 minutes from dispatch to arrival Ǧ deployed through the VPD’s dispatch system and through radio communication with the police.
D. Increase the level of trust in our community to call for hel p when they have a need for mental or behavioral health assistance, specifically in communi ties that are underrepresented and underserved by mental health services and supports.
E. Reduce the number of non-emergent calls for police and medic al services.
F. Increase the linkage to social services to address social ca re needs that lead to police or medical calls for service.
G. Reduce emergency room utilization among those who are experi encing behavioral health challenges or non-emergent medical crises.
H. Disrupt the disparity in communities seeking mental health s upport services, specifically addressing underrepresented and underserved communities I. Increase the awareness and availability of preventative ment al health support services for underrepresented and underserved community members.
II. Hours of Service
IHART will begin with service 12 hours a day for seven days a w eek and 365 days a year.
III. Area of Patrol and Transportation Services
IHART shall provide proactive outreach and respond to crisis in tervention and mental/behavioral health support services within the geographical boundaries of the City of Vallejo. The City of Vallejo will provide transportation vehicles for the team to respond to all calls for service. IHART shall maintain an emphasis in proactive outreach, servicing and preventative services in the highest-risk areas of Vallejo, public spaces such as parks, and other areas as identified between the VPD and the IHART personnel.
IV. Types of Services to be Provided
A. For the purpose of this contract the term "transport" means to provide a courtesy ride to a willing, self-ambulatory person who requires no medical attenti on or treatment during transport. IHART personnel shall observe, and reach out to any person, while in a public place, that meets any of the criteria referenced in below.
1. Persons Intoxicated/Under Influence of Controlled Substances a) If the person is unconscious, and cannot be aroused, the IHA RT EMT should assess the individual and if necessary request an ambula nce to assist in the medical evaluation.
b) If the person is willing, IHART shall transport him/her to the appropriate licensed or certified open treatment facility within the City or the County if:
(1) The person is conscious but appears mentally ill, intoxicat ed or under the influence of a controlled substance; or
(2) IHART has reasonable cause to believe that the person is dangerous to themselves.
c) If the person is unwilling to be transported to a treatment center, but appears to be in any of the above, A.1 (b)(1) or (b)(2), or IHA RT has reasonable cause to believe the person is dangerous to others, personnel assigned to IHART shall immediately notify VPD dispatch to have police officers respond, and shall stand by to assist the officers, as necessary. d) IHART has reasonable cause to believe the person is intoxica ted or under the influence of a controlled substance while in a public place , team personnel may counsel the person on treatment and detoxication options, and if the person is willing, transport them to an appropriate open facility for further assistance.
B. Persons Needing Non-Medical Care or Treatment for Mental Ill ness
1. If a person appears to be in need of care or treatment for m ental illness, but not dangerous to themselves or others, IHART may counsel the person on treatment options and, if the person is willing, transport them to an app ropriate facility within the City or county. Transports to appropriate Kaiser Medical Fa cilities may be permitted if necessary and upon notification to VPD dispatch.
C. Persons in Need of Immediate Shelter
1. When requested by VPD dispatch, or a supervisor from Vallejo Police Department or the Vallejo Fire Department, IHART shall provide transportation to mentally ill or disoriented persons in need of immediate transport to an appropriate open shelter or treatment center or provide such 'person's transportation to and from other open social services agencies or publicly organized and sponsored sh elters within the City or the County.
D. First Aid and Chronic Care
1. The IHART EMT shall provide medical evaluations within their scope of training and should request an ambulance for any medical needs outside of that scope.
E. General Responsibilities of IHART personnel
1. Personnel from IHART can request police assistance to be pre sent at any scene where they do not feel safe, and an officer will be dispatched as soon as an officer is available. If there is a call for service that the team memb ers have a concern about responding to, then they should contact the on-duty polic e sergeant before they respond to the call for service.
2. The following calls for service have been identified as bein g appropriate for IHART to respond and provide services.
a) Counseling and intervention for depressed or suicidal subjec ts b) Transportation for mental health services, substance abuse s ervices, nonemergency medical care, or shelter resources.
c) Non-violent intoxicated subjects in a public place
d) Non-violent subjects under the influence of a controlled sub stance in a public place
e) Minor medical complaints that do not require emergency medic al care f) Family disputes where there is no indication of a criminal v iolation, weapons, or any potential of violence.
g) Welfare checks where there is no crime suspected
h) Report of a disoriented person
i) Provide support for individuals in need of shelter or housin g services j) Collection of drug paraphernalia for destruction
k) At the request of any Vallejo Police Department or Vallejo F ire Department personnel on the scene of an incident
l) Basic immediate needs such as water, food, and clothing m) Triage, screening, and assessment
n) Emotional support
o) Crisis intervention and de-escalation
p) Risk assessment/Risk of harm to self
q) Suicide prevention and intervention
r) Psycho-soc ial support
s) Peer support services
t) Referral to local area resources including coordination with medical and behavioral health services and homeless services providers and resources, including housing assistance referrals
F. Provisions of Services at Direction of the City of Vallejo
1. All IHART provided proactive outreach, crisis intervention a nd transportation services shall be subject to the direction of and oversight by the City. IHART shall respond to all VPD radio dispatches and contacts from police an d fire personnel requesting mobile crisis intervention services or IHART assistance unless they are already assigned to another call for service of a higher priori ty. IHART shall immediately suspend the services under Section IV, A, B, or C herein when notified to do so by VPD Program Coordinator or by a VPD Police Supervisor or Officer. If a provision of service hereunderis suspended due to notice by V PD, IHART shall reinstate the service upon notice to do so by VPD. While provid ing services hereunder, IHART shall obey all lawful commands and directions received from police personnel.
V. Consultant Provided Staff
A. The consultant, Felton Institute, will provide:
1. One (1) Mental Health Clinician (Program Manager) to oversee the program and provide case management to work eight hours a day for five days a week and act as liaison between IHART and VPD Program Coordinator and/or VPD Supervisor.
The Program Manager also serves as a liaison to external partne rs such as other police departments, local governments, mental health and social services, including County service providers, and other internal agency p rograms and departments;
2. Two (2) Crisis Workers/Social Workers to work twelve hours a day for seven days a week. The Crisis Worker/Social Worker provides support in the planning and operation of services to ensure smooth functioning and clear co mmunication.
Under direction of the Clinician, advocates for and represents clients, their family members and the loved ones of mental health clients and support s and facilitates timely and informative interactions between family members and mental health service programs and staff. Staff is expected to be culturally and linguistically responsive and, to the extent possible, reflect the community's diversity and have lived experience. Individuals should have a demonstrated capaci ty for service delivery across all neighborhoods and micro-communities of the City;
3. Two (2) EMT/Paramedic/Registered Nurse to work twelve hours a day for seven days a week and respond to a broad range of non-life-threatenin g medical calls and situations without law enforcement;
4. One (1) Administrative Staff/Data Analyst to provide operati onal and administrative day-to-day support twenty hours a week.
5. One (1) Mental Health Rehabilitation Specialist to provide o utreach, engagement, mental health rehabilitation and navigation services to work ei ght hours a day for five days a week.
B. IHART Staff should have experience collaborating with other community-based organizations and a commitment to building a network of shared providers and resources.
This effort is grounded in collaboration and collective impact, and as such, all staff should be committed to cross-organization and cross-sector transparenc y and coherent efforts.
C. IHART responsibilities and activities will also include:
1. Provide system navigation for clients who have just experien ced an acute mental health or substance abuse challenge. Assist in accessing variou s medical, detention, and psychiatric care, and substance abuse facilities as needed and directed. Encourage client efforts at utilizing community suppo rts and peer-based supports.
2. Provide transportation in personal and agency vehicles as di rected.
3. Facilitate peer and family support groups as needed.
4. Assist Program Manager in planning, implementing and monitor ing services to meet the needs of the client and their family members.
5. Represent client and family 'members' issues to mental healt h and substance abuse managers, supervisors and staff to enhance awareness and sensitivity regarding concerns.
6. Train, inform and assist client and family members in develo ping skills to enable them to care for and effectively advocate for the client and fa mily members receiving services. Provide similar training to mental health a nd substance abuse staff to facilitate client and family involvement in services.
7. Provide support and information to assist family members of persons and individuals with mental health and substance abuse challenges w ho are
incarcerated in the county jail by way of coordination and comm unication with the Mental Health Jail Liaison.
8. Ensure clients and families are aware of current legislation that will impact the services provided to client and family members.
9. Investigate concerns and/or grievances as a designated repre sentative of IHART clients and family members or identified support persons. Maintain written records of client / family 'members' or identified support 'persons' re quests for assistance, including describing problems, actions taken, and results. Enter, track and manage client and family services data in Consultant’s electronic records; generate reports as needed. Communicate effectively with the client, family or i dentified support persons, treatment staff, supervisors, managers, administrators, support staff, and other involved entities, about concerns or grievances pertinent to the request for services.
10. Attend team meetings for IHART.
11. Utilize an asset-based or strength-based approach to workin g with families and individuals in crisis.
12. Utilize culturally and linguistically sensitive mental heal th and engagement practices.
13. All IHART Staff will consistently support the mission and o bjectives of City of Vallejo by maintaining the privacy and confidentiality of information, protecting the assets of the organization, acting with ethics and integrity, a nd adhering to applicable federal, state and local laws and regulations.
14. Develop strategic partnerships with state and local organiz ations, and develop communications strategies supporting advocacy efforts that refl ect best practices for full community engagement and empowerment.
15. Perform community outreach and engage in public speaking to increase public awareness of the impact of mental illness on clients and famili es, preventative practices, and the importance of family and community involveme nt in the treatment of the clients we serve.
16. Collaborate with partners to help organize and participate in community events to promote IHART services, provide resources, and decrease stigma.
17. Explore and maintain community resources in order to provid e peer and families and consumers with appropriate and up-to-date resources and sup port.
18. Represent client and family interests in various community committees and task forces.
19. Establish and maintain collaborative relationships with pee r and family support groups and other community providers.
20. Practice culturally and linguistically competent communicat ion and engagement strategies including translation and transcription as appropria te.
21. Specifically target and track the inclusion of underserved and underrepresented community populations to mitigate disparate engagement.
Staff Roles and Responsibilities - Detailed
Clinician (Program
Manager)
• Assist in managing all aspects of operations of IHART to include planning, growth, staffing and program development.
• Assisting in the development of annual program goals, objectives and activities as well as exploring trends and considering the future expansion of IHART.
• Ensures all city safety protocols are maintained in order to provide a safe, open and welcoming work environment.
• Ensure all services meet the highest standards of care while adhering to documentation requirements maximizing the use of evidence based and best practice treatment models and/or industry standards. Ensure that services are designed and delivered in a manner that facilitates progress toward identifiable client goals while maintaining a reasonable degree of client satisfaction. • Ensure that all legal, regulatory, and contractual requirements applicable to the Program are adhered to and/or delivered, including compliance with program certifications.
• Oversee, assist, monitor and provide direction to staff in the planning, development, reviewing, and implementation of client care, client services and record keeping.
• Provide crisis intervention and crisis management services as needed. • Ensure services are delivered with cultural sensitivity and in the preferred language of client/family receiving support services.
• Track and report engagement efforts by attendance, race, ethn icity, age and when possible address/location/community.
Crisis Workers/Social
Workers
• Employees with relevant lived experience.
• Masters in social work or licensed LCSW.
• Provide input to the Clinician and other members of IHART in the development of client and family member policies.
• Represent client and family members within the mental health system and provide individual support and accurate information to assist families or support persons interacting with the system, community supports and services. Assure that services are delivered with cultural sensitivity and in the preferred language of the family receiving support services.
• Provide accurate and relevant information to the client and family members regarding legal processes in the mental health system.
EMTs • Employee with EMT/paramedic or Registered Nursing license. • Make decisions regarding transportation of any person to a non-emergency medical care provider, shelter, or to an alcohol, drug, or mental health treatment facility.
• Respond to a broad range of non-life-threatening medical calls and situations without law enforcement.
Administrative
Specialist/Data Analyst
• Work with VPD Program Coordinator to prepare budgets within assigned program(s), monitor expenses to operate within budgets assuring that financial procedures and controls are adhered to by program staff. • Manages all administrative and clinical record-keeping tasks. • Manage vehicle maintenance calendar.
• Schedule and facilitate team meetings.
Mental Health
Rehabilitation
Specialist
• Outreach to collateral agencies and community members (as appropriate) • Provide psychoeducation to residents and family/social supports • Assess residents biosocial history and current presenting strengths, risks, and challenges
• Provide crisis intervention modalities
• Provide Intensive Care Coordination
• Provide Rehabilitation Counseling
VI. Staffing Restrictions
A. Consultant represents that it has employees who have experie nce and training to provide services as described in a reasonable and responsible manner. T he City relies upon this representation in entering into this contract. Consultant shall facilitate a background check
of prospective employees and shall inform prospective employees that their full name, date of birth, 'driver's license number, and other information needed will be provided to the VPD for any necessary background and security clearances. These cle arances are needed before using a police radio or operating a City vehicle. All em ployees will be trained to operate the police radio.
B. During the provision of patrol, crisis intervention, and tra nsportation services under this contract, the City provided vehicle(s) shall be staffed by at least two (2) persons per vehicle.
At least one (1) person shall be currently certified as an Emer gency Medical Technician, Paramedic or Registered Nurse, and (1) person shall be a Crisis /Social Worker. The EMT/paramedic shall serve as a transportation officer. The tran sportation officer shall make the final decision regarding transportation of any person to a non-emergency medical care provider, shelter, or to an alcohol, drug, or mental health treatment facility, unless the transportation officer receives direction from VPD on where to transport the person.
C. Except for a trainee observer actively involved in a program leading to employment by the City of Vallejo or one of the consultants, no person shall ride in the vehicle except for employees assigned to IHART employees of the City of Vallejo, e mployees who are providing services under this contract and persons being transp orted to services or a treatment facility. The Vallejo Police Department Police Chief or his/her department designee may approve ride-a-longs under special circumstances when they assist with the needs of the team. At no time shall more than four (4) persons employed by, or under training with IHART ride in the vehicle. This does not include a patient being transported in the vehicle. The City reserves the right to reject any employee of consultant and/or its trainee observer from riding in the vehicle or participating in the 'consultant's provision of services under this contract, on the basis of the 'individual's driving record, criminal history record, or their inability to fulfill the requirements of the p osition. Consultant shall immediately notify the VPD Program Director (VPD Supervisor) sh o u l d a n y e m p l o y e e providing services under this contract be arrested or identifie d as being under criminal investigation.
VII. Service Exclusions/Restrictions
If there is any indication of violence or weapons involved with a call for service, then IHART cannot respond.
IHART personnel are not armed and do not perform any law enforc ement duties. Any time a request for service involves a crime, a potentially hostile person, a potentially dangerous situation (to the subject or the public in general) or an emergency medical problem the call is not appropriate for IHART, and will be referred to the Vallejo Police Department and/or Fire/EMS for d ispatch. IHART is only available inside Vallejo city limits unless the VPD Chief has approved traveling outside the city limits. IHART cannot transport subjects that require a wheelchair or children that require a car seat.
VIII. Use of Equipment
A. The City will provide IHART with a modified passenger van ty pe vehicle and portable radios for use during the duration of this contract. Equipment shall b e provided in good working order and the consultant agrees to return any vehicle(s), radio s, and other equipment the City agrees to provide the consultant for program use, in good working order and general condition at the completion of the contract. The City shall pro vide necessary fuel, maintenance, and repairs of equipment, except the consultant sh all bear any costs of any equipment repair necessary due to deliberate, repetitive, or gr ossly negligent acts by employees of the consultant. The City shall provide ongoing mai ntenance for the equipment according to standard maintenance schedules.
B. All IHART personnel will keep their radios on and at a volum e to hear dispatch
communications. If a call for service dictates a quiet environm ent, one radio must be kept on and at a volume so that IHART personnel can hear and acknowledge dispatch. If a radio does not work properly, the consultant will make immediate arra ngements with VPD to have the radio repaired or replaced. The consultant will notify the VPD Program Coordinator or Program Director when a radio or vehicle is out of service for maintenance.
C. IHART personnel will not carry any firearms, as defined by C alifornia Penal Code section 16520, or dirk or dagger as defined by California Penal Code se ction 21310, or pepper spray, upon their person while working.
D. Consultant will ensure employees wear the appropriate unifor m clearly identifying them as a member of IHART. The uniform will be approved by the City of Vallejo and Consultant will be reimbursed as outlined in Exhibit B.
IX. Training
The City shall provide IHART personnel with applicable training in the use of the City vehicle, radio procedures, and other training needed for the successful implem entation of this Program. Consultant agrees that its employees providing the services under this con tract will have successfully completed any of the City-required training in a reasonable period and subject to City approval.
X. Services Guidelines
A. While providing services in accordance with this contract, a ll IHART personnel shall observe the following rules:
1. IHART personnel shall not use force while observing, contact ing, detaining or transporting persons unless such force is necessary for the protection of a person from bodily harm, and a police officer cannot be summoned or ca nnot respond quickly enough to provide protection.
2. IHART personnel shall summon a police officer when a dangero us situation appears to exist. Personnel shall request VPD dispatch to have an ambulance respond whenever it appears the person(s) contacted need emerge ncy medical treatment.
3. IHART personnel shall not provide emergency medical transpor tation to injured or ill persons. The IHART EMT/paramedic may provide first aid and/ or basic life support to person(s) within the scope of their training. IHART personnel may provide courtesy transportation to persons evaluated by the IHA RT EMT/paramedic if the patient is determined to not need or refus es to receive medical transport by ambulance.
4. Under no circumstances shall the City vehicles be used by IH ART for personal use or for the transportation of intoxicated person(s) to their pla ce or residence, nor shall it be driven outside the designated geographic corporate boundaries of the City of Vallejo or the County of Solano except at the direction of VPD dispatch, police supervisor, or fire supervisor. The vehicles shall be parked at the designated IHART office or City Corp/Fleet facility when not in-service.
XI. Vehicular Accident Report
A. If an IHART team member is involved in a motor vehicle accid ent in a City vehicle, the following steps should occur:
1. If the accident involves an injury, contact VPD dispatch or 9-1-1 as quickly as possible. If the accident does not involve an injury, but does involve a traffic violation, another vehicle, or damage to private property, call the police non- emergency business number, 707-552-3285, your immediate supervi sor, and the VPD Program Coordinator or Program Director.
2. Do not leave the scene of the accident until instructed to d o so by your supervisor.
If another vehicle is involved, remain at the scene and obtain all necessary insurance information. A police supervisor must be notified to respond to document an on-duty employee vehicle collision incident report. Failure to notify a police supervisor immediately after an accident and/or any negligent damage may result in damages being repaired at the 'consultant's expense.
3. File a traffic collision report with the VPD if the accident involves another vehicle, regardless of the dollar amount of damage or extent of injury.
B. The VPD Fleet Manager will provide instructions regarding th e transportation and repair of the damaged vehicle. Any damage to a city vehicle should be reported to a supervisor and the VPD Program Coordinator.
C. Consultant agrees to use the city vehicles only when they ar e in service as mobile crisis intervention team vehicles, or when they are transporting the v ehicles to and from maintenance. When IHART vehicles are being used for these funct ions listed above, they shall notify dispatch of their service type, beginning of their shift, to and from calls, at the end of their shift, and to and from maintenance. Any use of the vehicles outside its IHART intended purpose is prohibited.
D. Use of drugs and/or alcohol by the consultant's employees as signed to the IHART, observer trainees, paramedics, officers or agents while on duty to provide the services under this contract, and/or reporting to duty with a noticeable presence or effects of alcohol or drugs is prohibited.
XII. Disposition of Contraband
All drugs, paraphernalia, and alcohol discovered by during IHART personnel's duties shall be removed from patients by IHART personnel before transport. Personnel shall make all reasonable efforts to discover and remove weapons and other objects capable of being used to infli ct injury prior to transportation. IHART personnel shall ensure security of these items in the vehicle and shall inventory each item as it is secured.
At the conclusion of the contact, personnel shall submit any co ntraband collected to VPD and reconcile items against the inventory list maintained.
XIII. Cooperative Planning Requirements
Consultant recognizes that planning within the City and other s tate and local agencies is essential to the success of a coordinated service delivery system. The consultan t agrees to attend and participate in a reasonable number of meetings and planning efforts initiated by the City, and to provide non-confidential data already in the 'consultant's possession which may be required by the City and is reasonably necessary to achieve compliance with City programmatic goals. The consult ant agrees to maintain open and responsive working relations with the Vallejo Police Department , the Vallejo Fire Department, and the City of Vallejo.
XIV. Statistical Reporting
Each month, IHART Program Manager will provide the VPD Program Coordinator with a summary of calls.
The report will include if the activity was a VPD or VFD divert (IHART handling instead of VPD or VFD personnel) or if it was a joint response; time on call; disposi tion, the transport-pick up location, patient problem, time, estimate age of client, sex of client, race/ethn icity of client, language spoken, destination of transport, any pertinent history/treatment, and all of the crit eria established by the VPD Program Coordinator.
Consultant represents it has:
1) Experience successfully providing culturally responsive and linguistically appropriate services and resources to our City's diverse individuals and families;
2) Through a collaborative approach, demonstrate capacity for s ervice delivery across all neighborhoods of the City of Vallejo;
3) Experience collaborating with other community-based organiza tions and a commitment to building a network of providers and resources;
4) Successful equity process design and delivery experience, en suring cultural relevance of engagement and services.
Consultant agrees to the following:
Quarterly Program benchmarking and recommendations that reflect a systems-level approach as well as ongoing data collection and analysis for internal continuous im provement to be provided to the City Representation.
Consultant and Professional Services Agreement (Revised 01.2019 ) Page 1 of 3 Exhibit A – Scope of Work
EXHIBIT B
COMPENSATION
1. Consultant’s Compensation.
A. Services: City agrees to pay Consultant, at the rate(s) spec ified in Attachment 1 of Exhibit B for a total not to exceed of nine hun dred and twelve thousand four hundred sixty three dollars ($912,463.00), includ ing reimbursable expenses.
Consultant shall notify City in writing no later than thirty (3 0) days prior to the estimated date when Consultant will have billed City the maximu m payment amount permitted under this Agreement, and Consultant shall provide City with an estimate of the additional compensation required to complete the project.
B. Additional Services:
1. Additional Services are those services related to the scope of Services of Consultant as set forth in Exhibit A but not antici pated at the time of execution of this Agreement. Additional Services shall be prov ided only when a Supplemental Agreement authorizing such Additional Services is approved by the City Manager, or his or her designee. City reserves the right to perform any Additional Services with its own staff or to retain other Consultants to perform said Additional Services.
2. Consultant’s compensation for Additional Services shall be b ased on the total number of hours spent on Additional Services multiplied by the employees' appropriate billable hourly rate as established below. City, at its option, may negotiate a fixed fee for some or all Additional Services as the need arises. Where a fixed fee for Additional Services is established by mutual Ag reement between City and Consultant, compensation to Consultant shall not excee d the fixed fee amount.
2. Appropriate Billable Hourly Rates for Services and Additiona l Services.
Consultant’s billable hourly rates shall be as listed in Attach ment 1 of Exhibit B, attached hereto and incorporated herein by this reference.
3. Consultant’s Reimbursable Expenses. Reimbursable Expenses shall be limited to actual reasonable expenditures of Consultant for exp enses that are necessary for the proper completion of the Services and shall o nly be payable if specifically authorized in advance by City.
Consultant and Professional Services Agreement (Revised 01.2019 ) Page 2 of 3 Exhibit A – Scope of Work
4. Payments to Consultant.
A. Payments to Consultant shall be made within a reasonable tim e after receipt of Consultant’s invoice, said payments to be made in proportion to services performed. Consultant may request payment on a monthly basis. Consultant shall be responsible for the cost of supplying all documentation nece ssary to verify the monthly billings to the satisfaction of City.
B. All invoices submitted by Consultant shall contain the follo wing information:
1. Description of services billed under this invoice
2. Date of Invoice Issuance
3. Sequential Invoice Number
4. City’s Purchase Order Number (if issued)
5. Social Security Number or Taxpayer Identification Number
6. Amount of this Invoice (Itemize all Reimbursable Expenses”)
7. Total Billed to Date
C. Items shall be separated into Services and Reimbursable Expe nses.
Billings that do not conform to the format outlined above shall be returned to Consultant for correction. City shall not be responsible for d elays in payment to Consultant resulting from Consultant’s failure to comply with t he invoice format described above.
D. Request for payment shall be sent to:
Financial Management Section
Police Department
111 Amador Street
Vallejo CA 94590
[email protected]
5. Accounting Records of Consultant. Consultant shall maintain for three (3) years after completion of all services hereunder, all recor ds under this Agreement, including, but not limited to, records of Consultant’s direct salary costs for all Services and Additional Services performed under this A greement and records of Consultant’s Reimbursable Expenses, in accordance wi th generally accepted accounting practices. Consultant shall keep such reco rds 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 Consultant under this section shall survive this Agreement.
6. Taxes. Consultant shall pay, when and as due, any and all taxes incurr ed
Consultant and Professional Services Agreement (Revised 01.2019 ) Page 3 of 3 Exhibit A – Scope of Work
as a result of Consultant’s compensation hereunder, including e stimated taxes, and shall provide City with proof of such payments upon request.
7. Taxpayer Identification Number. Consultant shall provide City with Consultant’s complete Request for Taxpayer Identification Numbe r and Certification, Form W-9, as issued by the Internal Revenue Service, and any other State or local tax identification number requested by City.
ATTACHMENT 1 OF EXHIBIT B
IHART Program Budget
12-hour model
Personnel Full Year
Salary & Benefits
Field Staff: EMTs and Crisis Workers (11,440 hours) $550,333 Program Manager (1 FTE) $127,300
Administrative Assistant (.5 FTE) $46,900
Mental Health Rehab Specialist (1 FTE) $107,200
Division Director (.1 FTE) $12,730
Total Personnel Cost $844,463
Non-Personnel Expenses Total Allocated
Office Expenses $6,400
Technology $15,000
Phones, emails, etc. $10,000
Misc Costs including medical supplies and uniforms $10,600 Client related expenses $15,000
Internal training costs $4,000
Marketing & Outreach $7,000
Total Non-Personnel Cost $68,000
Total Program Cost $912,463
Consultant and Professional Services Agreement (Revised 01.2019 ) Page 1 of 3 Exhibit C – Insurance Requirements
EXHIBIT C
INSURANCE REQUIREMENTS
Consultant shall procure and maintain for the duration of this Agreement, including any extensions thereto, insurance against claims for injuries t o persons or damages to property which may arise from or in connection with the performance of services hereunder by the Consultant, their agents, represen tatives, or employees or subcontractors.
1. Minimum Scope of Insurance. Coverage shall be at least as broad as:
A. Insurance Services Office form number GL 0002 covering Compr ehensive General Liability and Insurance Services Office form number GL 0404 covering Broad Form Comprehensive General Liability; or Insurance Servic es Office Commercial General Liability coverage (occurrence form CG 0001).
B. Insurance Services Office form number CA 0001 covering Autom obile Liability, code 1 any auto and endorsement CA 0025.
C. Workers' Compensation insurance as required by the State of California and Employer's Liability Insurance.
D. Professional Liability insurance appropriate to the Consulta nt’s profession (Errors and Omission).
E. Sexual Abuse & Molestation insurance coverage
2. Minimum Limits of Insurance. Consultant shall maintain limits no less than:
A. General Liability: $5,000,000 per occurrence for bodily inj ury, personal injury, and property damage. If Commercial General Liability I nsurance or other form with a general aggregate limit is used, either the general aggregate limit shall apply separately to this project/location or the general aggregate limit shall be twice the required occurrence limit.
B. Automobile Liability: $5,000,000 per accident for bodily in jury and property damage.
C. Workers’ Compensation and Employer's Liability: $1,000,000 per accident for bodily injury or disease. If Consultant is not subject to California Workers’ Compensation requirements, Consultant shall file a completed ce rtificate of
Consultant and Professional Services Agreement (Revised 01.2019 ) Page 2 of 3 Exhibit C – Insurance Requirements
exemption form which may be obtained from the City prior to com mencing any activity authorized hereunder.
D. Professional Liability (Errors and Omission): $3,000,000 co mbined single limit per occurrence, and annual aggregate.
E. Sexual Abuse & Molestation: $3,000,000 per occurrence covera ge.
3. Deductible and Self-Insured Retention. Any deductibles or self-insured retention must be declared to and approved by the City. At the option of the City, either: the insurer shall reduce or eliminate such deductibles or self-insured retention as respects the City of Vallejo, its officers, offici als, employees and volunteers; or the Consultant shall procure a bond guaranteeing payment of losses and related investigations, claim administration and defense expenses.
4. Other Insurance Provisions. The general liability and automobile liability policies, as can be provided, are to contain, or be endorsed to contain, the following provisions:
A. The City of Vallejo, its officers, officials, employees, age nts and volunteers are to be covered as additional insureds as respects; liability , including defense costs, arising out of activities performed by or on behalf of the Consultant; products and completed operations of the Consultant; premises owned, occ upied or used by the Consultant; or automobiles owned, leased hired or borrow ed by the Consultant. The coverage shall contain no special limitations on the scope of protection afforded to the City of Vallejo, its officers, offic ials, employees, agents or volunteers. The insurance is to be issued by companies licensed to do business in the State of California.
B. For any claims related to this project, the Consultant's ins urance coverage shall be primary insurance as respects the City of Vallejo, its officers, officials, employees, agents, and volunteers. Any insurance or self-insur ance maintained by the City of Vallejo, its officers, officials, employees, age nts, or volunteers shall be excess of the Consultant's insurance and shall not contribute with it.
C. 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.
D. The Consultant's insurance shall apply separately to each in sured against whom claim is made or suit is brought, except with respect to t he limits of the insurer's liability.
E. Each insurance policy required by this clause shall be endor sed to state that coverage shall not be suspended, voided, canceled by either par ty, reduced in
Consultant and Professional Services Agreement (Revised 01.2019 ) Page 3 of 3 Exhibit C – Insurance Requirements
coverage or in limits except after thirty (30) days' prior writ ten notice by certified mail, return receipt requested, has been given to the City.
F. The workers’ compensation and employer’s liability policy re quired hereunder shall be endorsed to state that the workers' compensa tion carrier waives its right of subrogation against City, its officers, officials, employees, agents and volunteers, which might arise by reason of payment under su ch policy in connection with Consultant’s performance under this Agreement.
5. Acceptability of Insurers. Insurance is to be placed with insurers with a current A.M. Best's rating of no less than A:VII.
6. Verification of Coverage. Consultant shall furnish the City with certificates of insurance and original endorsements effecting general and au tomobile liability insurance coverage required by this clause. The certificates a nd endorsements are to be signed by a person authorized by that insurer to bind coverage on its behalf. All endorsements are to be received and approved by the City before work commences.
7. Subcontractors. Consultant shall include all subcontractors as insureds under its policies or shall furnish separate certificates and endorsements for each subcontractor. All coverages for subcontractors shall be subje ct to all of the requirements stated herein.
8. Payment Withhold. City will withhold payments to Consultant if the certificates of insurance and endorsements required in Paragrap h F, above, are canceled or Consultant otherwise ceases to be insured as required herein.
CONSENT CALENDAR 8.F.
DATE: January 23, 2024
TO: Mayor and Members of the City Council
FROM: Terrance Davis, Assistant City Manager
Flor Magallanes, Administrative Analyst
SUBJECT: ADOPT A RESOLUTION AMENDING THE FISCAL YEAR 2023-24 BUDGET TO INCREASE REVENUES AND EXPENDITURES BY $10,000 (STEP 2) AND AUTHORIZING THE REALLOCATION OF $19,059.32 IN UNSPENT FUNDS TO PROVIDE ADDITIONAL SUPPORT FOR THE "MODERNIZE VALLEJO SKATEPARK PROJECT"
RECOMMENDATION
Adopt a Resolution amending the Fiscal Year 2023-2024 budget to increase revenues and expenditures by $10,000 (Step 2) and authorizing the reallocation of $19,059.32 in unspent funds to provide additional support for the “Modernize Vallejo Skatepark Project.”
REASONS FOR RECOMMENDATION
The City Charter requires a two-step process to amend the City's budget. This action consists of Step 2 of that amendment process following the City Council's actions on August 29, 2023, where the City Council approved Item 8A-Resolution 23-140 giving notice of intent to amend the Fiscal Year 2023-24 budget. The Participatory Budgeting Rulebook provides that the City Council may approve moving unspent funds to the next highest ranking underfunded project. This resolution seeks authorization to transfer $19,059.32 in unspent funds refunded from a Cycle 7 PB project to the Modernize Vallejo Skateboard Project, which is the highest ranking underfunded project approved in PB Cycle 8.
BACKGROUND AND DISCUSSION
The Cycle 8 Participatory Budgeting process began in August 2022 with an idea-collection phase that resulted in the collection of 386 idea and proposal submissions. From October 2022 until April 2023, Budget Delegates developed proposals that were subject to review and approval by pertinent City departments and implementing non-profit organizations.
The Cycle 8 vote phase was held from May 1 – June 30, 2023. The Cycle 7 vote, which was impacted by the Covid-19 pandemic, yielded 1,909 votes.
The number of unique voters from previous cycles is shown in the table below.
Cycle Votes
1 3,917
2 3,750
3 3,098
4 4,216
5 5,205
6 4,636
7 1,909
Participatory Budgeting Funding
The Participatory Budgeting (PB) funding available for Cycle 8 PG projects totals $1,038,021.32, including
Date: January 23, 2024
Subject: ADOPT A RESOLUTION AMENDING THE FISCAL YEAR 2023-24 BUDGET TO INCREASE REVENUES AND EXPENDITURES BY $10,000 (STEP 2) AND AUTHORIZING THE REALLOCATION OF $19,059.32 IN UNSPENT FUNDS TO PROVIDE ADDITIONAL SUPPORT FOR THE "MODERNIZE VALLEJO
SKATEPARK PROJECT"
$500,000 from the Fiscal Year 2022-23 budget, $500,000 in rollover funds from the Fiscal Year 2021-22 budget, $8,962 in rollover funds from the Fiscal Year 2020-21 budget, $10,000 of Council discretionary funding from Councilmember Arriola, and $19,059.32 in unspent funds refunded from the Foster Youth Support Services project.
Per the PB Rulebook, a minimum of 20% of available funding is allocated for program & service projects; if/when the 20% minimum has been reached, the remaining funds will fall to the next highest vote-getting project(s).
The sixth top-voted project in PB Cycle 8 is the Modernize Vallejo Skatepark Project. However, with a project cost of $300,000, this project can only be partially funded with the remaining funds of $239,050.36. The implementing partner for this project is the Greater Vallejo Recreation District (GVRD). Despite the funding gap, GVRD can implement the project with a reduced scope of work and has pledged to allocate $40,000 from its funds to supplement the project. The Modernize Vallejo Skatepark project would require another $20,949.64 to fully fund the project as initially proposed.
Cycle 7 Unspent Funds & Cycle 8 Modernize Vallejo Skatepark project Foster Youth Support Services was a winning Cycle 7 project. The project was allocated $75,000 on November 9, 2021, with resolution no. 21-126. A one-year grant agreement (22-CMO74) was approved with a start date of January 1, 2022, and an end date of December 31, 2022.
First Place for Youth requested and was approved to roll over unused funds, in the amount of $28,780, to be expended January – June 2023.
Their initial proposal strategy (under the first funding cycle) was based on First Place’s long-established programming before the pandemic, and the following COVID-related factors adversely impacted regular programming, resulting in less spending. A lack of conducting workshops in person meant decreased transportation costs, less staff mileage, and less spending on program supplies. Additionally, for the first half of the year 2022, they met with fewer Vallejo residents.
However, they requested an extension with consideration of two factors boosting their Vallejo programming; one being the acquisition of additional units in Vallejo and the second being that First Place staff were back to a regular weekly in-person presence.
By June 2023, they still had $19,059.32 in unspent funds and processed a refund to the PB project budget.
The implementing partner, First Place for Youth, had a winning project on the Cycle 8 ballot. During the proposal development process, they were advised by City Staff to assess their budget request to reflect their current programming capacity, resulting in a reduced budget request.
The Cycle 8 Modernize Vallejo Skatepark Project was a winning project that was partially funded. It is the Staff’s recommendation to reallocate the $19,059.32 of unspent funds from the Foster Youth Support Services (PBC7) project to provide additional support for the Modernize Vallejo Skatepark Project (PBC8).
FISCAL IMPACT
The requested action will be Step 2 of amending the Fiscal Year 2022-23 General Fund (#001) and Capital Outlay Fund (#201) budgets: (1) reducing General Fund 001 expenditures by $10,000; and (2) increasing Date: January 23, 2024
Subject: ADOPT A RESOLUTION AMENDING THE FISCAL YEAR 2023-24 BUDGET TO INCREASE REVENUES AND EXPENDITURES BY $10,000 (STEP 2) AND AUTHORIZING THE REALLOCATION OF $19,059.32 IN UNSPENT FUNDS TO PROVIDE ADDITIONAL SUPPORT FOR THE "MODERNIZE VALLEJO
SKATEPARK PROJECT"
Capital Outlay Fund 201 expenditures by $10,000. This action will transfer previously appropriated funds from the General Fund into the Capital Outlay Fund.
In addition, the requested action will authorize the reallocation of $19,059.32 of unspent funds from the “Foster Youth Support Services” (PBC7) project to provide additional support for the “Modernize Vallejo Skatepark Project" (PBC8).
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. Reso.Participatory Budgeting Cycle 8 Step 2_CAO Stamp_Revised
2. Reso. No. 23-140 Participatory Budget Cycle 8- Project Funding Approval
3. Reso. No. 23-199 PB Cycle 8 Allocating Funds to Safety First 5th Street Project
4. Modernize Vallejo's Skatepark. COMBINED
CONTACT
Terrance Davis, Assistant City Manager (707)648-5404
[email protected]
RESOLUTION NO. _______ N.C.
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VALLEJO AMENDING THE FISCAL YEAR 2023-24 BUDGET TO INCREASE REVENUES AND EXPENDITURES BY $10,000.00
(STEP 2) AND AUTHORIZING THE REALLOCATION OF $19,059.32 IN UNSPENT FUNDS TO PROVIDE ADDITIONAL SUPPORT FOR THE “MODERNIZE VALLEJO SKATEPARK PROJECT”
WHEREAS, the City of Vallejo implemented the first citywide Participatory Budgeting process in 2012; and
WHEREAS, Participatory Budgeting is a democratic process in which community members recommend to the City Council how to spend part of a public budget; and
WHEREAS, the program is currently in its eighth cycle and has provided $9,837,000 in funding towards community-developed and selected projects in its first seven cycles; and
WHEREAS, the Cycle 8 vote took place from May 6 – June 30, 2023, and garnered votes from over 2,553 Vallejo residents; and
WHEREAS, in July 2023, the City Council adopted a budget for the Fiscal Year 2023-2024; and
WHEREAS, at a special meeting held on August 29, 2023, the City Council provided notice of intent to amend the Fiscal Year 2023-24 budget following Councilmember Arriola’s allocation of $10,000 in discretionary funds to Participatory Budgeting Cycle 8; and
WHEREAS, said allocation requires a transfer from General Fund #001 to Capital Outlay Fund #201; and
WHEREAS, at the same special meeting on August 29, 2023, the City Council allocated $219,991 to the “Modernize Vallejo Skatepark Project,” which amount is not sufficient to fully fund the project; and
WHEREAS, Participatory Budgeting Staff recommends reallocating $19,059.32 in unspent funds from Participatory Budgeting Cycle 7 to the “Modernize Vallejo Skatepark Project,” in accordance with the Participatory Budgeting Rules; and
WHEREAS, Participatory Budgeting project funds are held within separate accounts within General Fund #003 and, therefore, the transfer funds from one account to another does not trigger the need to amend the budget.
NOW, THEREFORE, BE IT RESOLVED that the City Council hereby amends the Fiscal Year 2023-2024 General Fund #001 and Capital Outlay Fund #201 budgets by the amount of $10,000 in accordance with the Notice of Intent previously given.
BE IT FURTHER RESOLVED that the City Council hereby authorizes the reallocation of unspent funds in the amount of $19,059.32 to the “Modernize Vallejo Skateboard Project.” Adopted by the City Council of the City of Vallejo at a regular meeting held on January 23, 2024 with the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
______________________________________
ROBERT H. MCCONNELL, MAYOR
ATTEST:
_________________________________________
DAWN G. ABRAHAMSON, CITY CLERK
RESOLUTION NO. 23-140 N.C.
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VALLEJO ACCEPTING THE RESULTS OF THE CYCLE 8 PARTICIPATORY
BUDGETING VOTE, ALLOCATING FUNDS TO PROJECTS AND PROVIDING NOTICE TO AMEND THE FY 23/24 BUDGET
WHEREAS, the City of Vallejo implemented the first citywide Participator y Budgeting process in 2012; and
WHEREAS, Participatory Budgeting is a democratic process in which commun ity members recommend to the City Council how to spend part of a public budget; and
WHEREAS, the program is currently in its eighth cycle and has provided $ 9,837,000 in funding towards community-developed and selected projects in its first seven cycles; and
WHEREAS, the Cycle 8 vote took place from May 6 – June 30, 2023, and garnered votes from over 2,553 Vallejo residents; and
WHEREAS, the projects in the table below were selected by Vallejeons to be funded; and
Project Funding Proposed
Animals Matter Spay/Neuter, Vaccine And Microchip Project $75,000 HSNB Facilities Retrofit, Reroof & Repave Capital Project $300,000 Basic Needs for Warming and Cooling Centers $74,982
Removing Barriers for Foster Youth Success $48,989
Modernize Vallejo Skatepark Project $219,991
WHEREAS, in July 2023, the City Council adopted a budget for the Fiscal Year 2023-2024; and
WHEREAS, Councilmember Arriola allocated $10,000 to Participatory Budget ing Cycle 8 through her City Council discretionary funds, adding to the $1 ,008,962 that was budgeted for Participatory Budgeting; and
WHEREAS, the discretionary funds will have to be moved from Fund 001 to Fund 003 in order to transfer to the Participatory Budgeting Cycle 8 projects, requiring a budget amendment; and
WHEREAS, City Charter Section 703 requires that available funds not incl uded in the budget may be appropriated by the City Council after giving one week’s notice of intention to do so; and
NOW, THEREFORE, BE IT RESOLVED that the Vallejo City Council accepts the results of the Cycle 8 Participatory Budgeting vote and allocates said funds in the amounts indicated to the projects identified above.
BE IT FURTHER RESOLVED that the City Council of the City of Vallejo declares its intention to amend the Fiscal Year 23-24 General Fund and Capital Outlay Fund Budgets to account for the additional $10,000 and the capital projects identified above.
BE IT FURTHER RESOLVED that the City Council will reconsider allocation of $300,000 to the Complete Our Street! Safety First at 5 th Street project at a future City Council meeting after staff conducts a neighborhood meeting relating to the project.
Adopted by the City Council of the City of Vallejo at a special meeting held on August 29, 2023, with the following vote:
AYES: Mayor McConnell, Vice Mayor Verder-Aliga, Councilmembers Arriola, Loera- Diaz, Matulac, and Palmares
NOES: None
ABSENT: Councilmember Bregenzer
ABSTAIN: None
ROBERT H. MCCONNELL, MAYOR
ATTEST:
DAWN G. ABRAHAMSON, CITY CLERK
RESOLUTION NO. 23-199 N.C.
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VALLEJO ACCEPTING THE PARTICIPATORY BUDGETING CYCLE 8 VOTE RESULTS, ALLOCATING FUNDS TO THE “COMPLETE OUR STREETS! SAFETY FIRST AT 5TH STREET”
PROJECT, AND GIVING NOTICE OF INTENT TO AMEND THE GENERAL FUND (#001) AND CAPITAL OUTLAY FUND (#201) BUDGETS
WHEREAS, the City of Vallejo implemented the first citywide Participator y Budgeting process in
2012; and
WHEREAS, Participatory Budgeting is a democratic process in which commun ity members recommend to the City Council how to spend part of a public budget; and
WHEREAS, the program is currently in its eighth cycle and has provided $ 9,837,000 in funding towards community-developed and selected projects in its first seven cycles; and
WHEREAS, the Cycle 8 vote took place from May 6 – June 30, 2023, and garnered votes from over 2,553 Vallejo residents; and
WHEREAS, the project in the table below was one of the six selected by V allejo residents to be funded:
Project Funding Proposed
Complete Our Streets! Safety First at 5th Street $300,000
; and
WHEREAS, in July 2023, the City Council adopted a budget for the Fiscal Year 2023-2024; and
WHEREAS, Councilmember Arriola allocated $10,000 to Participatory Budget ing Cycle 8 through her City Council discretionary funds, adding to the $1 ,008,962 that was budgeted for Participatory Budgeting; and
WHEREAS, the discretionary funds will have to be moved from the General Fund (#001) to the Capital Outlay Fund (#002), thus requiring a budget amendment; and
WHEREAS, City Charter Section 703 requires that available funds not incl uded in the budget may
be appropriated by the City Council after giving one week’s notice of its intention to do so.
NOW, THEREFORE, BE IT RESOLVED that the Vallejo City Council accepts the results of the Cycle 8 Participatory Budgeting vote and directs staff to implement the selected project.
BE IT FURTHER RESOLVED that a Notice of Intention to amend the General Fund (#001) and Capital Outlay Fund (#002) budgets for fiscal year 2022-23 was provided by the City Council on November 28, 2023, and that a staff report with recommendation to amend the budget will be presented to City Council at the next regularly scheduled City Council meeting.
Adopted by the City Council of the City of Vallejo at a regular meeting held on November 28, 2023, with the following vote:
AYES: Mayor McConnell, Vice Mayor Verder-Aliga, Councilmembers Arriola, Bregenzer, Loera-Diaz, Matulac and Palmares
NOES: None
ABSENT: None
ABSTAIN: None
ROBERT H. MCCONNELL, MAYOR
ATTEST:
DAWN G. ABRAHAMSON, CITY CLERK
Form Name: Participatory Budgeting Proposal Form
Submission Time: March 19, 2023 9:43 pm
Browser: Firefox 111.0 / Windows
IP Address: 98.47.251.141
Unique ID: 1081393506
Location: 38.1582, -122.2804
Project Title Update Vallejo Skatepark
Total Budget Requested 300,000
Name- Full names of all the delegates
from your committee that worked on the
proposal
Matthew Tuite
Name- Full names of all the delegates
from your committee that worked on the
proposal
Luis Arnold
Email- One e-mail address for the PB
staff to send a confirmation that the
proposal was received
[email protected]
Type of Project- (choose one) Capital Infrastructure and/or Durable Detailed project description (Be specific
and use as much space as you need.)
Demolish the outdated skatepark features at the Wardlaw Skatepark and construct a modern skatepark out of reinforced concrete on the existing footprint of the skatepark at Wardlaw Park. The project will consist of at least three phases: Design, Demolition, and Construction.
A conceptual design will be modeled by an Architectural Design Firm, or similar, that specializes in skatepark design. These designs would comply with any regulations/building codes pertaining to the design of a skatepark or similar infrastructure. All costs for the design will be paid for by the Participatory Budgeting allowance awarded by the City of Vallejo.
Demolition will consist of removal and disposal of existing plastic and steel ramps. Demolition activities will be performed by GVRD, and the net cost associated with the demolition and removal of the existing ramps will be absorbed by GVRD. All other demolition required will be performed by the Construction Contractor and will be included in the budget.
Construction of the new skatepark will be performed by a certified skatepark Construction Contractor after accepting the conceptual design modeled by the Architectural Design Firm. All costs required for mobilization/demob., labor, materials, and heavy equipment will be paid for by the Participatory Budgeting allowance awarded by the City of Vallejo to the Construction Contractor as described in the scope of work and budget agreed upon between City of Vallejo and the Construction Contractor.
Why is this project needed? (1-2
paragraphs)
The current skatepark is almost twenty-years old and all the obstacles are all obsolete and/or in a state of disrepair. Often the old ramps are damaged from normal use and remain unsafe and unusable until repaired.
Skateboarding parks give many people a place to exercise and practice the popular sport that is now even featured in the Olympics. Having places to practice skateboarding will help keep youth, young adults, and grown-ups who are interested in the sport to be more active, out of trouble and less likely to skateboard on private property.
How will the project address or solve
this need and/or problem? (1-2
paragraphs)
Building a new skatepark with concrete in the existing space will breathe new life into old, failing infrastructure and give the community members a fun, safe, and modern place to skate. Having new permanent obstacles constructed out of reinforced concrete will eliminate unsafe conditions caused by regular use and will also relieve the burden placed upon GVRD to repair broken ramps.
Describe in detail how residents,
visitors, groups, communities,
geographic areas, or the City of Vallejo
will benefit from this project. (1-2
paragraphs)
The community within Vallejo, especially skateboarders, rollerbladers, roller skaters, scooter riders will all benefit from this project since more residents will be attracted to a new modern skatepark. This project would also attract people from other cities to visit Vallejo which may benefit local businesses.
The City of Vallejo will benefit from this project since it will require much less maintenance and repairs - almost zero maintenance will be needed to maintain a concrete skatepark.
This project may also benefit the residents in the immediate area as the current steel and plastic ramps are very loud when being used.
Describe the potential challenges and/or
obstacles for this project (1-2
paragraphs)
Since this project aims to use an existing space that is already designated for a skatepark, there should be only very little potential for challenges or obstacles that may hinder the project from coming into fruition.
Who will implement the project?
(Identify all that apply)
A public agency (e.g., VCUSD, GVRD, Solano County, etc.) Public Agency Name GVRD
Name of contact person for public
agency
Gabe Lanusse
Public Agency phone number (707) 648-4603
Public Agency contact person's email [email protected]
Describe the in-kind contribution (1-2
paragraphs)
Demolition and disposal of existing plastic and steel ramps.
Where will the project be implemented? The City of Vallejo Budget- Upload an itemized budget for
the entire project that has line items
accounting for the entire amount of PB
funding requested. You should develop
a spreadsheet or table on Microsoft
Word or Excel. Work with City staff to
make sure you have a complete,
full-cost budget! Make sure you upload
documentation that supports your
budget request, including: • At least one
(1) complete bid from a licensed
contractor for any work that requires
skilled labor, building, construction, or
professional installation. • Copies of
vendor quotes, official estimates, or
online retailers for any durable,
equipment, material or product
purchases. • Letter(s) from
implementing partners agreeing to
absorb any soft costs not covered by
PB
https://www.formstack.com/admin/download/file/14354166215 Describe the project timeline/schedule .
You may also attach a detailed timeline
schedule as a separate document if
already prepared.
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COST ESTIMATE
WARDLAW SKATEPARK RENOVATION
CITY OF VALLEJO, CALIFORNIA
MARCH 17, 2023
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SSCOPE OF WORK: EESTIMATED COST:
DESIGN DEVELOPMENT $10,000.00
CONSTRUCTION DOCUMENTS $10,000.00
MOBILIZATION & GENERAL CONSTRUCTION REQUIREMENTS $30,000.00 GEOFOAM $20,000.00
CONCRETE ELEMENTS $130,000.00
CONCRETE FLATWORK & TURNDOWN WALLS $50,000.00
STEEL COPING, EDGE PROTECTION, GRIND / GUARD RAILS $50,000.00 TTOTAL ESTIMATED COST: $$300,000.00
FLAT SLAB
RENOVATION
TURN THIS
INTO THIS
P: 626-330-5803 | F: 626-330-5503 | E: [email protected] 6824 S CENTINELA AVE. LOS ANGELES, CA 90230
BRING YOUR SKATEPARK INTO THE MODERN ERA
“THE CUT IN”METHOD #1
STEP 1 DESIGN
STEP 2 LAYOUT CUTS
P: 626-330-5803 | F: 626-330-5503 | E: [email protected] 6824 S CENTINELA AVE. LOS ANGELES, CA 90230
If the concrete slab is in good condition, the “cut-in” is the most cost-effective approach.
Good condition means a smooth finish and minimal cracking and spalling.
When the design has been finalized, we’ll prepare
construction documents that outline where sections
of the existing slab will be cut out to make space for
the integration of new concrete elements and terrain.
These drawings will guide our field crew as they
layout and mark lines for cutting and demolition.
STEP 3 CUT +DEMO
STEP 4 PLACE
+ SHOOT CONCRETE
P: 626-330-5803 | F: 626-330-5503 | E: [email protected] 6824 S CENTINELA AVE. LOS ANGELES, CA 90230
New features and terrain are formed up and rebar is doweled into the existing slab in preparation for placing/shooting concrete. Concrete is finished to the edge of the cut- out for a seamless blend with the original slab. Note, elements and terrain that do not transition into the slab (ie. manual pads, ledges, stairs, etc.) do not require cut-outs and are built directly on top of existing concrete.
With the lines marked, a concrete gas saw is used to cut through the slab until subgrade is reached. When all of the cuts are made, the existing concrete is broken up and removed from the site. It can also potentially be repurposed as fill material elsewhere on the site. After some final clean-up, the cut-outs are ready for fresh concrete.
STEP 5 EPS & NEW DECKS
(IF APPLICABLE)
STEP 6 SKATE
P: 626-330-5803 | F: 626-330-5503 | E: [email protected] 6824 S CENTINELA AVE. LOS ANGELES, CA 90230
We all know a flat skatepark isn’t any fun, so if the budget allows, building elevated decks on top of the slab is a great way to add flow as well as areas for resting/queuing.
Expanded polystyrene (EPS) blocks are a smart and efficient alternative to traditional fill dirt when working with an existing slab. Also known as structural styrofoam, the blocks are stacked on top of the slab, then framed around and overlaid with rebar in preparation for concrete walls and decks. Concrete is placed and finished and after a short curing period, the park is ready to skate!
STEP 2 EPS & NEW DECKS
STEP 1 PLACE/SHOOT CONCRETE
P: 626-330-5803 | F: 626-330-5503 | E: [email protected] 6824 S CENTINELA AVE. LOS ANGELES, CA 90230
If the concrete slab is beat up (cracking, spalling, etc.) and less than ideal as a final riding surface, the “cap” method is preferable to the “cut-in”. As long as the subgrade is stable, the existing slab can still be repurposed as a foundation for new terrain – sparing significant demo costs. The first step in this process is placing/shooting concrete for new elements and terrain. In contrast to the cut-in method, new concrete does not blend with old in this approach. Features are poured with a 4” “toe” that the new concrete flatwork will meet up with as shown in step 3.
Just like step 5 of the cut-in method, EPS
blocks are shipped to the site and strategically
arranged to create elevated platforms and
terrain. When the EPS blocks are placed and
framing/rebar is complete, we place and finish
concrete for the walls and decks.
“THE CAP”METHOD #2
STEP 4 SKATE
STEP 3 POUR CAP
P: 626-330-5803 | F: 626-330-5503 | E: [email protected] 6824 S CENTINELA AVE. LOS ANGELES, CA 90230
The final step in the “cap” method is the cap
itself. The cap refers to the 4” of new concrete
placed on top of the existing slab. This concrete
receives a hard trowel finish and connects all of
the skateable terrain built in step 1. After saw
cuts and caulking, the park is ready to skate!
EXAMPLE DESIGNS
P: 626-330-5803 | F: 626-330-5503 | E: [email protected] 6824 S CENTINELA AVE. LOS ANGELES, CA 90230
EXAMPLE DESIGNS
P: 626-330-5803 | F: 626-330-5503 | E: [email protected] 6824 S CENTINELA AVE. LOS ANGELES, CA 90230
EXAMPLE DESIGNS
P: 626-330-5803 | F: 626-330-5503 | E: [email protected] 6824 S CENTINELA AVE. LOS ANGELES, CA 90230
EXAMPLE DESIGNS
P: 626-330-5803 | F: 626-330-5503 | E: [email protected] 6824 S CENTINELA AVE. LOS ANGELES, CA 90230
DEVELOPMENT
SKATEPARK
GUIDE
THE PROCESS OF HOW PUBLIC SKATEPARKS GET BUILT AND
HOW TO HELP MAKE IT HAPPEN IN YOUR COMMUNITY
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SPOHN RANCH, INC. | DESIGN. BUILD. COME TOGETHER.
[email protected] | 626.330.5803 | 6824 S CENTINELA AVE. LOS ANGELES, CA 90230 SIZE
STEP 1. define your vision
STYLE
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STEP 2. EDUCATE YOUR MUNICIPALITY
SPOHN RANCH, INC. | DESIGN. BUILD. COME TOGETHER.
[email protected] | 626.330.5803 | 6824 S CENTINELA AVE. LOS ANGELES, CA 90230 SPOSPOSPOSP HNHNHNHNHNN RANRANRANRANRANCH,CH,CH,CH,CH,C INININNINCC.C.C. |||| DEDEDEDEESIGSIGSIGSIGSIGIGN.N.N.N.N.N BUIBUIBUIBUIBUU LD.LD.LD.LD.LD. COCOCOCOCOCOME ME ME ME M TOGTOGTOGTOGTOGETHETHTHETHE ER.ER.ERER.ER.
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BENEFITS
REDUCE ILLICIT BEHAVIOR
PHYSICAL HEALTH BENEFITS
MENTAL HEALTH BENEFITS
SAFE ENVIRONMENT FOR WHEEL SPORTS
REDUCE DAMAGE TO PRIVATE PROPERTY
POSITIVE ECONOMIC IMPACT
MISCONCEPTIONS
skateparks create liability
skateparks are DANGEROUS
skateparks are HUBS FOR ILLICIT BEHAVIOR
skateparks REQUIRE SIGNIFICANT OVERSIGHT
skateparks REQUIRE SIGNIFICANT MAINTENANCE
skateparks are LOUD
SPOHN RANCH, INC. | DESIGN. BUILD. COME TOGETHER.
[email protected] | 626.330.5803 | 6824 S CENTINELA AVE. LOS ANGELES, CA 90230
SKATEPARKS REDUCE DAMAGE TO PRIVATE PROPERTY
SKATEPARKS REDUCE ILLICIT BEHAVIOR
THE BENEFITS OF PUBLIC SKATEPARKS
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INFINFINFNFIN O@SO@SO@SO@SO@ POHPOHPOHPOHOHNRANRANRANRAANCHNCHNCHNCHNCH.CO.CO.CO.CO.COM M M M MM ||| 626626626626626.33.3333.33330.50.50.50.5050 8038038030303 |||| 6666824824824824824824 SSSS CENCENCENCENTINTINTINNTINNELAELAELAELAEL AVAVAVAVAVAVE.E.E.EE LOSLOSLOSLOSL ANANANANANNGELGELGELGELGELES,ES,ES,ES,ES, CACACACAA 90909090230230230230
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• W^ƚĞǀĞtŝůƐŽŶ͕ŽĨƚŚĞƌŝĸĞůĚEĞŝŐŚďŽƌŚŽŽĚWŽůŝĐŝŶŐdĞĂŵ͕ƐĂŝĚ͗͞&ƌŽŵŵLJĞdžƉĞƌŝĞŶĐĞ͕/ĂŵĂǁĂƌĞƚŚĂƚƚŚĞƐŬĂƚĞƉĂƌŬŝƐƌĞŐƵůĂƌůLJ ƵƐĞĚďLJŶƵŵĞƌŽƵƐLJŽƵŶŐƉĞŽƉůĞĨƌŽŵƌŝĸĞůĚĂŶĚƚŚĞƐƵƌƌŽƵŶĚŝŶŐĂƌĞĂƐ͕ŽīĞƌŝŶŐĂǀĂůƵĂďůĞĚŝǀĞƌƐŝŽŶĨƌŽŵĂŶƟͲƐŽĐŝĂůďĞŚĂǀŝŽƌ ͘^ŝŶĐĞ ƚŚĞƐŬĂƚĞƉĂƌŬŽƉĞŶĞĚƚŚĞƌĞŚĂƐďĞĞŶĂŶŽƟĐĞĂďůĞĚƌŽƉŝŶĐĂůůƐƚŽLJŽƵƚŚƐĐĂƵƐŝŶŐĂŶŶŽLJĂŶĐĞĂŶĚƌĞůĂƚĞĚŵĂƩĞƌƐ͘/ǁŽƵůĚĨƵůůLJƐƵƉƉŽƌƚ ƚŚŝƐĨĂĐŝůŝƚLJďĞŝŶŐŵĂĚĞŝŶƚŽĂŶĂůůͲǁĞĂƚŚĞƌ͕ĂůůLJĞĂƌͲƌŽƵŶĚƌĞƐŽƵƌĐĞ͘͟;^ŽƵƌĐĞ͗ƌŝĸĞůĚEĞŝŐŚďŽƌŚŽŽĚWŽůŝĐŝŶŐdĞĂŵ͞^ŬĂƚĞWĂƌŬŚĞůƉƐĐƵƚĐƌŝŵĞ͟Ϳ • dLJůĞƌtŽůĨ͕ϭϳ͕ŶŽǁƐƉĞŶĚƐƟŵĞŚĂŶŐŝŶŐŽƵƚŽŶƚŚĞďĞŶĐŚĞƐŽƵƚƐŝĚĞƚŚĞZŽĂŶŽŬĞEĂƚƵƌĂů&ŽŽĚƐŽͲŽƉŽŶ'ƌĂŶĚŝŶZŽĂĚͶĂŚĂďŝƚ ŽĨŵĂŶLJƚĞĞŶƐƚŚĂƚŚĂƐĐƌĞĂƚĞĚĂŶdžŝĞƚLJĂŵŽŶŐŶĞŝŐŚďŽƌŚŽŽĚďƵƐŝŶĞƐƐŽǁŶĞƌƐĂŶĚƌĞƐŝĚĞŶƚƐƚŚŝƐƐƵŵŵĞƌ ͘,ĞƐĂŝĚĂŶĂĚĞƋƵĂƚĞƐŬĂƚĞ ƉĂƌŬǁŽƵůĚůƵƌĞŚŝŵĂǁĂLJĨƌŽŵƚŚĞďĞŶĐŚĞƐ͘ƵƚtŽůĨĐĂůůĞĚƚŚĞƐƚĂƚĞŽĨZŽĂŶŽŬĞ͛ƐƉĂƌŬ͞ĚĞƉƌĞƐƐŝŶŐ͕͟ĞƐƉĞĐŝĂůůLJƐŝŶĐĞƚŚĞƌĞŵŽǀĂůŽĨ ƚŚĞŚĂůĨͲƉŝƉĞĂŶĚƐĞǀĞƌĂůŽƚŚĞƌƌĂŵƉƐ͘DŽƌĞƐƵƉƉŽƌƚŚĂƐďĞĞŶǀŽŝĐĞĚĨŽƌĮŶĚŝŶŐĂĐƟǀŝƟĞƐƚŚĂƚĚƌĂǁƚŚĞŝƌŝŶƚĞƌĞƐƚ͘/ŶĞĚĨŽƌĚŽƵŶƚLJ͕ ĂƐŬĂƚĞƉĂƌŬŚĂĚƉƌŽŵŝƐŝŶŐĞīĞĐƚƐ͕ĂĐĐŽƌĚŝŶŐƚŽDŝĐŚĂĞů^ƚŽŬĞƐ͕ƚŚĞŽƵŶƚLJ͛ƐŝƌĞĐƚŽƌŽĨWĂƌŬƐĂŶĚZĞĐƌĞĂƟŽŶ͘WƌŝŽƌƚŽƚŚĞŽƉĞŶŝŶŐŽĨ &ĂůůŝŶŐƌĞĞŬWĂƌŬŝŶϮϬϭϭ͕^ƚŽŬĞƐƐĂŝĚ͕ĂƌĞĂƉŽůŝĐĞĂŶĚŵĞƌĐŚĂŶƚƐĚĞĂůƚǁŝƚŚƐĞǀĞƌĂůƉƌŽďůĞŵĂƌĞĂƐƚŚĂƚǁĞƌĞĂƩƌĂĐƟŶŐƚĞĞŶƐŬĂƚĞƌƐ͘ ͞dŚĞLJ͛ƌĞũƵƐƚůŽŽŬŝŶŐĨŽƌĂƉůĂĐĞƚŽƐŬĂƚĞ͕͟^ƚŽŬĞƐƐĂŝĚ͘͞ŶĚƚŚĞLJ͛ƌĞLJŽƵŶŐĂŶĚƚŚĞLJ͛ƌĞŐŽŝŶŐƚŽƚĞƐƚƐŽŵĞƉĞŽƉůĞ͘zŽƵĚƌŝǀĞƚŚƌŽƵŐŚ ƚŽǁŶŶŽǁĂŶĚLJŽƵĚŽŶ͛ƚƐĞĞƚŚĂƚĂŶLJŵŽƌĞ͘dŚĞŝƐƐƵĞƐǁĞƌĞũƵƐƚƐŬĂƟŶŐŝŶƉůĂĐĞƐǁŚĞƌĞƚŚĞƌĞŵŝŐŚƚďĞƉĞĚĞƐƚƌŝĂŶƐŽƌƚƌĂĸĐĂŶĚǁĞ͛ƌĞ ŶŽƚƐĞĞŝŶŐƚŚĂƚĂŶLJŵŽƌĞ͕͟^ƚŽŬĞƐƐĂŝĚ͘;^ŽƵƌĐĞ͗dŚĞZŽĂŶŽŬĞdŝŵĞƐ͞ZŽĂŶŽŬĞƚĞĞŶůŽŝƚĞƌŝŶŐďůĂŵĞĚŽŶƐŬĂƚĞƉĂƌŬ͛ƐǁŽĞƐ͟Ϳ SPOHN RANCH, INC. | DESIGN. BUILD. COME TOGETHER.
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SKATEBOARDING & WHEEL SPORTS PROVIDE PHYSICAL HEALTH BENEFITS
SKATEPARKS PROVIDE A SAFE ENVIRONMENT FOR WHEEL SPORTS
THE BENEFITS OF PUBLIC SKATEPARKS
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SSSSKKKKKAAAAATTTTTEEEEEPPPPPAAAAARRRRRKKKKKSSSSS PPPPPRRRRROOOOOOVVVVVVIIIIIDDDDDDEEEEE AAAAAA SSSSSAAAAAAFFFFFEEEEEE EEEEENNNNNVVVVVVIIIIIRRRRRROOOOOONNNNNMMMMMMEEEEEENNNNNNTTTTTT FFFFFOOOOOORRRRRR WWWWWHHHHHEEEEEEEEEEEELLLLL SSSSSPPPPPOOOOORRRRRTTTTTSSSSS <ŶŽǁŝŶŐƚŚĂƚƐŬĂƚĞďŽĂƌĚŝŶŐĂŶĚǁŚĞĞůƐƉŽƌƚƐĂƌĞŵĂŝŶƐƚƌĞĂŵĂŶĚƚŚĂƚƚŚĞLJĂƌĞŐŽŝŶŐƚŽŚĂƉƉĞŶǁŚĞƚŚĞƌƐŬĂƚĞƉĂƌŬƐĞdžŝƐƚŽƌŶŽƚ͕ŝƚ͛ƐĐůĞĂƌ ƚŚĞďĞƐƚǁĂLJƚŽŬĞĞƉLJŽƵƚŚƐĂĨĞŝƐƚŽƉƌŽǀŝĚĞƚŚĞŵĂĐĐĞƐƐƚŽƐĂĨĞ͕ĚĞƐŝŐŶĂƚĞĚƐƉĂĐĞƐƚŽƉƵƌƐƵĞƚŚĞŝƌƉĂƐƐŝŽŶƐ͘/ŶĐŽŶƚƌĂƐƚƚŽƚŚĞƵƌďĂŶ ĞŶǀŝƌŽŶŵĞŶƚǁŚĞƌĞƐŬĂƚĞďŽĂƌĚĞƌƐŚĂǀĞƚŽĐŽŶƚĞŶĚǁŝƚŚƐƵƌĨĂĐĞŝƌƌĞŐƵůĂƌŝƟĞƐ͕ŵŽƚŽƌǀĞŚŝĐůĞƐĂŶĚƉĞĚĞƐƚƌŝĂŶƐ͕ƚŚĞŝŶƚĞŶƟŽŶĂůůĂLJŽƵƚŽĨĂ ƐŬĂƚĞƉĂƌŬŝƐƐŝŐŶŝĮĐĂŶƚůLJƐĂĨĞƌĂŶĚůĞƐƐůŝŬĞůLJƚŽĐĂƵƐĞŝŶũƵƌŝĞƐ͘ • ^ŝdžŵŽŶƚŚƐĂŌĞƌƉůĂŶƐƚŽďƵŝůĚĂƉƵďůŝĐƐŬĂƚĞďŽĂƌĚƉĂƌŬďĞŚŝŶĚƚŚĞdĂƵŶƚŽŶƉŽůŝĐĞƐƚĂƟŽŶǁĞƌĞƐĐƌĂƉƉĞĚ͕ƐŽŵĞĂƌĞƐƉĞĐƵůĂƟŶŐ ǁŚĞƚŚĞƌŚĂǀŝŶŐƐƵĐŚĂĨĂĐŝůŝƚLJĐŽƵůĚŚĂǀĞƐĂǀĞĚƚŚĞůŝĨĞŽĨĂdĂƵŶƚŽŶƐŬĂƚĞďŽĂƌĚĞƌǁŚŽǁĂƐƌĞĐĞŶƚůLJƐƚƌƵĐŬĂŶĚŬŝůůĞĚďLJĂĐĂƌŽŶĂLJ ^ƚƌĞĞƚ͘͞,ĞĚĞĮŶŝƚĞůLJǁŽƵůĚŚĂǀĞƵƐĞĚ;ƚŚĞƐŬĂƚĞƉĂƌŬͿ͕͟ƐĂŝĚƚŚĞďŽLJ͛ƐŵŽƚŚĞƌ͕DĞůŝƐƐĂdŚŽŵĂƐ͘͞/ƚŚŝŶŬŚĞƉƌŽďĂďůLJǁŽƵůĚ͛ǀĞďĞĞŶ ƚŚĞƌĞŝŶƐƚĞĂĚŽĨŽƵƚŽŶƚŚĞƐƚƌĞĞƚ͘͟͞WĞƌƐŽŶĂůůLJ͕/ƚŚŝŶŬƚŚĞĚĞĐŝƐŝŽŶƚŽŶŽƚĂůůŽǁƚŚĞƐŬĂƚĞƉĂƌŬĚĞŶŝĞĚƐŬĂƚĞƌƐŝŶdĂƵŶƚŽŶĂĐŚĂŶĐĞƚŽ ƌĞĐƌĞĂƚĞƐĂĨĞůLJ͕͟ƐŚĞƐĂŝĚ͘dŚŽŵĂƐĞĐŚŽĞĚƚŚĞƐĞŶƟŵĞŶƚ͘͞dŚĞLJŶĞĞĚĂƐĂĨĞƉůĂĐĞǁŚĞƌĞƉĂƌĞŶƚƐŬŶŽǁǁŚĞƌĞƚŽĮŶĚƚŚĞŵ͕͟dŚŽŵĂƐ ƐĂŝĚ͘;^ŽƵƌĐĞ͗dĂƵŶƚŽŶ'ĂnjĞƩĞ͞dĂƵŶƚŽŶ͛ƐůĂĐŬŽĨƉƵďůŝĐƐŬĂƚĞƉĂƌŬďƌŽƵŐŚƚƚŽĨŽƌĞĨƌŽŶƚŝŶǁĂŬĞŽĨƚĞĞŶ͛ƐĚĞĂƚŚ͟Ϳ ƌŐƵĂďůLJƚŚĞŵŽƐƚŝŵƉŽƌƚĂŶƚƌĞĂƐŽŶĨŽƌƉĂƌƟĐŝƉĂƟŶŐŝŶƐŬĂƚĞďŽĂƌĚŝŶŐĂŶĚŽƚŚĞƌǁŚĞĞůƐƉŽƌƚƐŝƐƚŚĞĨĂĐƚƚŚĂƚƚŚĞLJŬĞĞƉLJŽƵŚĞĂůƚŚLJĂŶĚ ƉŚLJƐŝĐĂůůLJĮƚ͘&ŝŶĚŝŶŐĂŶĂĐƟǀŝƚLJƚŚĂƚŐĞƚƐƉĞŽƉůĞŽīƚŚĞĐŽƵĐŚĂŶĚŬĞĞƉƐƚŚĞŵŝŶƐŚĂƉĞŝƐǀŝƚĂůĨŽƌƚŚĞLJŽƵƚŚŽĨƚŚŝƐŶĂƟŽŶ͕ĞƐƉĞĐŝĂůůLJŝŶ ƚŚŝƐƟŵĞŽĨĂŶĂƟŽŶĂůŽďĞƐŝƚLJĐƌŝƐŝƐ͘
• ^ŬĂƚĞďŽĂƌĚƚƌŝĐŬƐĂŶĚƚŚĞůŝĨĞƐƚLJůĞƐŽĨƚŚĞŬŝĚƐǁŚŽƉƌĂĐƟĐĞƚŚĞŵĐŽƵůĚďĞĂŬĞLJƚŽĮƚŶĞƐƐŝŶƚŽĂĚƵůƚŚŽŽĚ͘ƌĞĐĞŶƚƐƚƵĚLJďLJ:ŽŚŶƐ ,ŽƉŬŝŶƐhŶŝǀĞƌƐŝƚLJƌĞƐĞĂƌĐŚĞƌƐƐĂŝĚƌĞŐƵůĂƌůLJƐŬĂƚĞďŽĂƌĚŝŶŐ͕ƌŽůůĞƌďůĂĚŝŶŐĂŶĚďŝŬŝŶŐŝŶĐƌĞĂƐĞĐŚŝůĚƌĞŶ͛ƐĐŚĂŶĐĞƐŽĨĮŐŚƟŶŐƚŚĞŇĂď ĂƐƚŚĞLJŐƌŽǁ͘dŚĞŽĚĚƐǁĞƌĞďĞƩĞƌƚŚĂŶĨŽƌƚŚŽƐĞǁŚŽƉůĂLJĞĚďĂƐĞďĂůůĂŶĚŽƚŚĞƌŽƌŐĂŶŝnjĞĚ͕ĂŶĚŽŌĞŶƐĞĂƐŽŶĂů͕ƐƉŽƌƚƐ͘dŚĞƐƚƵĚLJ͕ ƉƵďůŝƐŚĞĚŝŶ:ĂŶƵĂƌLJ͛ƐƌĐŚŝǀĞƐŽĨWĞĚŝĂƚƌŝĐƐΘĚŽůĞƐĐĞŶƚDĞĚŝĐŝŶĞ͕ǁĂƐŽŶĞŵŽƌĞĂŵŽŶŐƚŚĞŵĂŶLJƐĞĞŬŝŶŐƐŽůƵƟŽŶƐƚŽƚŚĞŶĂƟŽŶ͛Ɛ ŐƌŽǁŝŶŐŽďĞƐŝƚLJĞƉŝĚĞŵŝĐ͘ŶĚƐŬĂƚĞƌƐĂŶĚƚŚĞŝƌƉĂƌĞŶƚƐƐĂLJŝƚĐŽƵůĚŚĞůƉƚŚĞƵŶŝŶĚŽĐƚƌŝŶĂƚĞĚĂƉƉƌĞĐŝĂƚĞƚŚĞďĞŶĞĮƚƐŽĨƐŽŵĞ ƌĂŵƉƐĂŶĚĂŶŽƵƚůĂǁƐƉŝƌŝƚ͘dŚĞƐĞŶŝŽƌ,ƵůƐŽŶŝƐĂůŝĨĞůŽŶŐĂƚŚůĞƚĞĂŶĚƐĂŝĚŚĞůŝŬĞƐƐŬĂƚĞďŽĂƌĚŝŶŐďĞĐĂƵƐĞŚĞďĞůŝĞǀĞƐŝƚŝƐĂŐŽŽĚ ĐĂƌĚŝŽǀĂƐĐƵůĂƌǁŽƌŬŽƵƚ͕ďƵŝůĚƐŵƵƐĐůĞƐƚƌĞŶŐƚŚĂŶĚĐŽŶĮĚĞŶĐĞ͕ĂŶĚĐŽŵĞƐǁŝƚŚĂĐŽŵŵƵŶŝƚLJƚŚĂƚƉƌŽǀŝĚĞƐĞŶĐŽƵƌĂŐĞŵĞŶƚ͘dŚĞLJ ĨŽƵŶĚƚŚĂƚĂŵŽŶŐĂŌĞƌͲƐĐŚŽŽůĂĐƟǀŝƟĞƐ͕ƚŚĞůŝŬĞůŝŚŽŽĚŽĨďĞŝŶŐĂŶŽǀĞƌǁĞŝŐŚƚĂĚƵůƚǁĂƐƌĞĚƵĐĞĚϰϴƉĞƌĐĞŶƚĨŽƌƚŚŽƐĞǁŚŽƐŬĂƚĞĚ ŽƌďŝŬĞĚŵŽƌĞƚŚĂŶĨŽƵƌƟŵĞƐĂǁĞĞŬ͘&ŽƌƚŚŽƐĞǁŚŽƉůĂLJĞĚƐŽĐĐĞƌŽƌŽƚŚĞƌŽƌŐĂŶŝnjĞĚƐƉŽƌƚƐƚŚƌĞĞŽƌĨŽƵƌƟŵĞƐĂǁĞĞŬ͕ƚŚĞŽĚĚƐŽĨ ďĞŝŶŐŽǀĞƌǁĞŝŐŚƚůĂƚĞƌǁĞƌĞƌĞĚƵĐĞĚϮϬƉĞƌĐĞŶƚ͘;^ŽƵƌĐĞ͗ĂůƟŵŽƌĞ^ƵŶ͞ZĂŵƉĞĚͲƵƉĞdžĞƌĐŝƐĞ͗,ŽƉŬŝŶƐƐƚƵĚLJĮŶĚƐƚŚĂƚŬŝĚƐǁŚŽƐŬĂƚĞďŽĂƌĚŽƌƌŽůůĞƌͲ ďůĂĚĞƐƚĂLJĮƚůŽŶŐĞƌƚŚĂŶƚŚŽƐĞǁŚŽƉůĂLJŽƌŐĂŶŝnjĞĚƐƉŽƌƚƐ͟Ϳ • KŶĞŽĨƚŚĞŵŽƐƚƐƵĐĐĞƐƐĨƵůǁĞĂƉŽŶƐĂŐĂŝŶƐƚĚŝĂďĞƚĞƐŝƐĂƚŽƚĂůďůĂƐƚ͗dŚĞWĂǁŚƵƐŬĂ^ŬĂƚĞWĂƌŬ͘/ƚŝƐŝŵƉŽƐƐŝďůĞƚŽŵĂŬĞĂŶĂďƐŽůƵƚĞůLJ ĐŽƌƌĞůĂƟŽŶďĞƚǁĞĞŶdƵĐŬĞƌ͛ƐŝŵƉƌŽǀŝŶŐŚĞĂůƚŚĂŶĚƚŚĞƐŬĂƚĞƉĂƌŬ͕ďƵƚŚĞƌĞ͛ƐĂƐƚƵŶŶŝŶŐĨĂĐƚ͗/ŶƚŚĞƉĂƐƚŽŶĞĂŶĚĂŚĂůĨLJĞĂƌƐ͕dƵĐŬĞƌ͛Ɛ ďůŽŽĚƐƵŐĂƌĂǀĞƌĂŐĞƌĞĂĚŝŶŐƐŚĂǀĞƐƚĞĂĚŝůLJĚĞĐůŝŶĞĚ͘/ŶƚŚĂƚƐĂŵĞϭϴŵŽŶƚŚƐ͕ŚĞŚĂƐďĞĞŶƐŬĂƟŶŐĂƚƚŚĞƉĂƌŬ͕ŐĞƫŶŐĞdžĞƌĐŝƐĞĨŽƌϭϬ ŚŽƵƌƐŽƌŵŽƌĞŚŽƵƌƐĂǁĞĞŬʹĂƉƌŽǀĞŶŵĞƚŚŽĚŽĨŬĞĞƉŝŶŐďůŽŽĚƐƵŐĂƌŝŶĐŚĞĐŬ͘,ŝƐƉĂƌĞŶƚƐƐĂLJƚŚĂƚƚŚĞƐŬĂƚĞƉĂƌŬŚĂƐŵĂĚĞĂŚƵŐĞ ĚŝīĞƌĞŶĐĞŝŶdƵĐŬĞƌ͛ƐƉŚLJƐŝĐĂůĂĐƟǀŝƚLJ͘/ŶƉƌĞͲƐŬĂƚĞƉĂƌŬĚĂLJƐ͕DĂƌŬƐĂLJƐƚŚĂƚdƵĐŬĞƌ͛ƐůŝĨĞǁĂƐŵŽƐƚůLJƐĞĚĞŶƚĂƌLJĞdžĐĞƉƚĨŽƌďĂƐŬĞƚďĂůů ƐĞĂƐŽŶ͕ůĂƌŐĞůLJŽĐĐƵƉŝĞĚďLJƐĐŚŽŽůĂŶĚƉůĂLJŝŶŐǀŝĚĞŽŐĂŵĞƐ͘,ĞƐƟůůƉůĂLJƐďĂƐŬĞƚďĂůů͕ďƵƚŶŽǁŚĞ͛ƐŝŶĨƵůůͲĞdžĞƌĐŝƐĞŵŽĚĞĂůůLJĞĂƌƌŽƵŶĚ͘ ;^ŽƵƌĐĞ͗dŚĞŝŐŚĞĂƌƚdŝŵĞƐ͞^ŬϴŝŶŐĨŽƌĚŝĂďĞƚĞƐ͕ĨƵŶ͟Ϳ • ͞/ƚ͛ƐĂĐĂƌĚŝŽǁŽƌŬŽƵƚ͕ĂŶĚƚŚĞĨĂƐƚĞƌ/ŐŽ͕ƚŚĞŵŽƌĞ/͛ŵŐĂƐƉŝŶŐĨŽƌďƌĞĂƚŚ͕͟ŚĞƐĂŝĚ͘͞ŶĚŝƚŽŶůLJďĞĐŽŵĞƐŚĂƌĚĞƌǁŚĞŶ/͛ŵĐĂƌƌLJŝŶŐ ĂŚĞĂǀLJďĂĐŬƉĂĐŬ͘͟tŚŝůĞƐŬĂƚĞďŽĂƌĚŝŶŐŵŝŐŚƚůŽŽŬůŝŬĞĨƵŶ͕ŝƚĂůƐŽƌĞŐŝƐƚĞƌƐĂƐĂŶĞdžĐĞůůĞŶƚǁŽƌŬŽƵƚ͘DŝĐŚĞůĞKůƐŽŶ͕ĂƉƌŽĨĞƐƐŽƌŽĨ ĞdžĞƌĐŝƐĞƐĐŝĞŶĐĞĂƚƚŚĞDŽŶƚŐŽŵĞƌLJ͕ůĂ͕͘ĐĂŵƉƵƐŽĨƵďƵƌŶhŶŝǀĞƌƐŝƚLJ͕ƐĂŝĚƚŚĂƚďŽĂƌĚŝŶŐĞŶŐĂŐĞƐŵĂŶLJƐŵĂůůĂŶĚůĂƌŐĞŵƵƐĐůĞƐ͘ ͞zŽƵƌŐůƵƚĞƐ͕ŚĂŵƐƚƌŝŶŐĂŶĚƋƵĂĚƐǁŽƌŬǁŝƚŚĂůůƚŚĂƚƉƵƐŚŝŶŐŽīƚŚĞŐƌŽƵŶĚ͖LJŽƵƌĂďƐĂŶĚďĂĐŬŚĞůƉLJŽƵďĂůĂŶĐĞ͖ĂŶĚLJŽƵƵƐĞƚŚĞ ƐŵĂůůŵƵƐĐůĞƐŝŶLJŽƵƌĐĂůǀĞƐ͕ƚŚĞƐƚĂďŝůŝnjŝŶŐŵƵƐĐůĞƐŝŶLJŽƵƌŚŝƉƐĂŶĚƚŚĞŽŶĞƐŝŶƚŚĞĂƌĐŚĞƐŽĨLJŽƵƌĨĞĞƚ͕ǁŚŝĐŚŝƐŐƌĞĂƚďĞĐĂƵƐĞƚŚĞƐĞ ǁĞĂŬĞŶĂŶĚŇĂƩĞŶŽƵƚĂƐLJŽƵŐĞƚŽůĚĞƌ͕͟ƐŚĞƐĂŝĚ͘;^ŽƵƌĐĞ͗dŚĞEĞǁzŽƌŬdŝŵĞƐ͞^ŬĂƚĞďŽĂƌĚƐĨŽƌtŽƌŬĂŶĚtŽƌŬŝŶŐKƵƚ͟Ϳ SPOHN RANCH, INC. | DESIGN. BUILD. COME TOGETHER.
[email protected] | 626.330.5803 | 6824 S CENTINELA AVE. LOS ANGELES, CA 90230
SKATEBOARDING & WHEEL SPORTS PROVIDE MENTAL HEALTH BENEFITS
THE BENEFITS OF PUBLIC SKATEPARKS
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SKATEPARKS CREATE A POSITIVE ECONOMIC IMPACT
THE BENEFITS OF PUBLIC SKATEPARKS
SPOSPOSPOSP HNHNHNHNHNN RANRANRANRANRANCH,CH,CH,CH,CH,C INININNINCC.C.C. |||| DEDEDEDEESIGSIGSIGSIGSIGIGN.N.N.N.N.N BUIBUIBUIBUIBUU LD.LD.LD.LD.LD. COCOCOCOCOCOME ME ME ME M TOGTOGTOGTOGTOGETHETHTHETHE ER.ER.ERER.ER.
INFINFINFNFIN O@SO@SO@SO@SO@ POHPOHPOHPOHOHNRANRANRANRAANCHNCHNCHNCHNCH.CO.CO.CO.CO.COM M M M MM ||| 626626626626626.33.3333.33330.50.50.50.5050 8038038030303 |||| 6666824824824824824824 SSSS CENCENCENCENTINTINTINNTINNELAELAELAELAEL AVAVAVAVAVAVE.E.E.EE LOSLOSLOSLOSL ANANANANANNGELGELGELGELGELES,ES,ES,ES,ES, CACACACAA 90909090230230230230
SSSSKKKKKAAAAATTTTTEEEEEPPPPPAAAAARRRRRKKKKKSSSSS CCCCCRRRRREEEEEEAAAAAATTTTTEEEEE AAAAAA PPPPPPOOOOOSSSSSSIIIIITTTTTTIIIIIVVVVVEEEEE EEEEEECCCCCCOOOOOONNNNNNOOOOOMMMMMMIIIICCCCCC IIIIIMMMMMPPPPPAAAAAACCCCCTTTT <ŶŽǁŝŶŐƚŚĂƚƐŬĂƚĞďŽĂƌĚŝŶŐĂŶĚǁŚĞĞůƐƉŽƌƚƐĂƌĞŵĂŝŶƐƚƌĞĂŵĂŶĚƚŚĂƚƚŚĞLJĂƌĞŐŽŝŶŐƚŽŚĂƉƉĞŶǁŚĞƚŚĞƌƐŬĂƚĞƉĂƌŬƐĞdžŝƐƚŽƌŶŽƚ͕ŝƚ͛Ɛ ĐůĞĂƌƚŚĞďĞƐƚǁĂLJƚŽŬĞĞƉLJŽƵƚŚƐĂĨĞŝƐƚŽƉƌŽǀŝĚĞƚŚĞŵĂĐĐĞƐƐƚŽƐĂĨĞ͕ĚĞƐŝŐŶĂƚĞĚƐƉĂĐĞƐƚŽƉƵƌƐƵĞƚŚĞŝƌƉĂƐƐŝŽŶƐ͘/ŶĐŽŶƚƌĂƐƚƚŽƚŚĞ ƵƌďĂŶĞŶǀŝƌŽŶŵĞŶƚǁŚĞƌĞƐŬĂƚĞďŽĂƌĚĞƌƐŚĂǀĞƚŽĐŽŶƚĞŶĚǁŝƚŚƐƵƌĨĂĐĞŝƌƌĞŐƵůĂƌŝƟĞƐ͕ŵŽƚŽƌǀĞŚŝĐůĞƐĂŶĚƉĞĚĞƐƚƌŝĂŶƐ͕ƚŚĞŝŶƚĞŶƟŽŶĂů ůĂLJŽƵƚŽĨĂƐŬĂƚĞƉĂƌŬŝƐƐŝŐŶŝĮĐĂŶƚůLJƐĂĨĞƌĂŶĚůĞƐƐůŝŬĞůLJƚŽĐĂƵƐĞŝŶũƵƌŝĞƐ͘ • ,ƵŶĚƌĞĚƐĂƌĞŇŽĐŬŝŶŐƚŽƚŚĞŶĞǁ&ƌĞŵŽŶƚ^ŬĂƚĞWĂƌŬĨƌŽŵƚŚƌŽƵŐŚŽƵƚŶŽƌƚŚĞƌŶĂůŝĨŽƌŶŝĂ͘>ĂƐƚtĞĚŶĞƐĚĂLJ͕DŝŬĞƌŽǁŶĂŶĚŚŝƐ ďƵĚĚŝĞƐƉŝůĞĚŝŶƚŽĂĐĂƌĂŶĚŵĂĚĞĂŶŚŽƵƌͲůŽŶŐƉŝůŐƌŝŵĂŐĞĨƌŽŵWŝƩƐďƵƌŐƚŽ&ƌĞŵŽŶƚ͘ĞŵĂƌĐƵƐ:ĂŵĞƐĚŝĚƚŚĞƐĂŵĞĨƌŽŵ^ĂŶ &ƌĂŶĐŝƐĐŽ͘͞^ŵĂůůƐ͕͟ĨƌŽŵtĂůŶƵƚƌĞĞŬ͘KƚŚĞƌƐ͕ĂƐĨĂƌĂƐ^ƚŽĐŬƚŽŶĂŶĚ^ĂĐƌĂŵĞŶƚŽ͘dŚĞLJ͛ƌĞĂŵŽŶŐƚŚĞŚƵŶĚƌĞĚƐ͕ŝĨŶŽƚƚŚŽƵƐĂŶĚƐ͕ ǁŚŽ͛ǀĞŵĂĚĞƚŚĞŝƌũŽƵƌŶĞLJƚŽƚŚĞ&ƌĞŵŽŶƚ^ŬĂƚĞWĂƌŬƐŝŶĐĞŝƚƐƐŽŌŽƉĞŶŝŶŐŽŶDĂLJϯϭ͕ƚƵƌŶŝŶŐŽƵƌĐŝƚLJŝŶƚŽĂŶƵŶůŝŬĞůLJŵĞĐĐĂĨŽƌ ƚŚĞĞĚŐLJĂĐƟŽŶƐƉŽƌƚ͘;^ŽƵƌĐĞ͗EĞǁĂƌŬWĂƚĐŚ͞EĞǁ^ŬĂƚĞWĂƌŬĂdƌŝͲŝƚLJDĞĐĐĂ͟Ϳ • dŚĞƉĂƌŬŝƐŶŽƚŝŶƚĞŶĚĞĚƚŽďĞĂŶĞĐŽŶŽŵŝĐͲĚĞǀĞůŽƉŵĞŶƚƚŽŽů͕ƚŚŽƵŐŚŝƚŚĂƐƉƌŽǀĞŶƚŽďĞĂĚƌĂǁĨŽƌŽƚŚĞƌĐŝƟĞƐ͘^ƚĂŶZŽďŝŶƐŽŶ͕ ĐŚĂŝƌŵĂŶŽĨZĞĐƌĞĂƟŽŶŝƐƚƌŝĐƚEŽ͘ϯŝŶ^ƚ͘DĂƌLJWĂƌŝƐŚ͕ƐĂŝĚŚŝƐĚŝƐƚƌŝĐƚ͛ƐƐŬĂƚĞƉĂƌŬ͕ďƵŝůƚŝŶEŽǀĞŵďĞƌ͕ŚĂƐďĞĞŶĂǁŽƌƚŚǁŚŝůĞ ǀĞŶƚƵƌĞ͘͞/ĐĂŶ͛ƚƚĞůůLJŽƵŚŽǁŵĂŶLJƟŵĞƐĂƉĂƌĞŶƚŚĂƐƐĂŝĚƚŽŵĞƚŚĂƚŝƚ͛ƐƚŚĞďĞƐƚƚĂdžƉĂLJĞƌŵŽŶĞLJƚŚĞLJ͛ǀĞƐƉĞŶƚ͕͟ŚĞƐĂŝĚ͘ EĞĂƌďLJďƵƐŝŶĞƐƐĞƐ͕ŚĞƐĂŝĚ͕ĂƌĞƐĞĞŝŶŐƚŚĞŝƌƐĂůĞƐŝŶĐƌĞĂƐĞĨƌŽŵǀŝƐŝƚŽƌƐƚŽƚŚĞƉĂƌŬ͘͞tĞĂƌĞĂůƌĞĂĚLJƉůĂŶŶŝŶŐƚŽĞdžƉĂŶĚŝƚ͕͟ŚĞƐĂŝĚ͘ ;^ŽƵƌĐĞ͗,ŽƵŵĂdŽĚĂLJ͞WůĂŶƐƌŽůůŝŶŐĂŚĞĂĚĨŽƌŶĞǁƐŬĂƚĞƉĂƌŬ͟Ϳ • tĞĚŽŶŽƚŚĂǀĞĂŶLJƐƉĞĐŝĮĐƐƚƵĚŝĞƐŽŶƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚŽĨƐŬĂƚĞƉĂƌŬƐŽŶĐŽŵŵƵŶŝƟĞƐ͕ďƵƚĨƌŽŵƚŚĞĨĞĞĚďĂĐŬǁĞƌĞĐĞŝǀĞ ĨƌŽŵŵƵŶŝĐŝƉĂůƐŬĂƚĞƉĂƌŬŵĂŶĂŐĞƌƐ͕ƐŬĂƚĞƉĂƌŬƐĚŽƐĞĞŵƚŽŚĂǀĞĂƉŽƐŝƟǀĞĞīĞĐƚŽŶďƵƐŝŶĞƐƐĞƐŝŶƚŚĞƐƵƌƌŽƵŶĚŝŶŐĂƌĞĂ͘tŚĞŶĂ ƐŬĂƚĞƉĂƌŬŽƉĞŶƐ͕ŝƚƚĞŶĚƐƚŽĚƌĂǁĨŽůŬƐĨƌŽŵƚŚĞŽƵƚůLJŝŶŐĐŽŵŵƵŶŝƟĞƐƚŽĐŽŵĞďƌŝŶŐƚŚĞŝƌŬŝĚƐƚŽƚŚĞƐŬĂƚĞƉĂƌŬ͕ĚŽƐŽŵĞƐŚŽƉƉŝŶŐ͕ ŵĂLJďĞŚĂǀĞůƵŶĐŚ͕ďƵLJƐŽŵĞŐĂƐ͕ĞƚĐ͘^ŬĂƚĞƉĂƌŬƐĂƩƌĂĐƚƉĂƚƌŽŶƐƚŽůŽĐĂůďƵƐŝŶĞƐƐĞƐǁŚŽŵŝŐŚƚŶŽƚŽƚŚĞƌǁŝƐĞďĞŝŶƚŚĞĂƌĞĂ͘ ^ŬĂƚĞďŽĂƌĚĞƌƐĂƌĞƚĞŶĂĐŝŽƵƐĂŶĚǁŝůůŐŽǁŚĞƌĞǀĞƌƚŚĞĐŽŵƉĞůůŝŶŐƚĞƌƌĂŝŶŝƐ͘tŚŝůĞƐŬĂƚĞƉĂƌŬƐǁŝƚŚŚŝŐŚǀŝƐŝďŝůŝƚLJĂŶĚĂŵƉůĞ ĐŽŵŵƵŶŝƚLJŝŶƚĞƌĂĐƟŽŶĂƌĞŚĞĂůƚŚŝĞƌĞŶǀŝƌŽŶŵĞŶƚƐ͕ƐŬĂƚĞƉĂƌŬƐŝŶĐŚĂůůĞŶŐŝŶŐůŽĐĂƟŽŶƐĐĂŶŽŌĞŶƐĞƌǀĞƚŽĂĐƟǀĂƚĞĂŶŽƚŚĞƌǁŝƐĞ ƵŶĚĞƌƵƟůŝnjĞĚƐƉĂĐĞ͘dŚĞŝƌƉƌĞƐĞŶĐĞĚŝƐƉůĂĐĞƐůĞƐƐĚĞƐŝƌĂďůĞĞůĞŵĞŶƚƐƚŚĂƚƌĞƋƵŝƌĞƉƌŝǀĂĐLJĂŶĚĐĂŶďĞĂƐƚĞĂĚLJƉƌĞƐĞŶĐĞĨŽƌŽƚŚĞƌ ǀŝƐŝƚŽƌƐƚŚĂƚŵĂLJďĞƌĞůƵĐƚĂŶƚƚŽǀŝƐŝƚĂĚĞƐŽůĂƚĞĂƌĞĂ͘;^ŽƵƌĐĞ͗dŽŶLJ,ĂǁŬ&ŽƵŶĚĂƟŽŶͿ • ͞dŽĞŵƉŚĂƐŝnjĞŚŽǁŵƵĐŚŝŵƉĂĐƚŽƵƌƐŬĂƚĞƉĂƌŬŚĂƐŚĂĚƐŝŶĐĞŝƚƐŽƉĞŶŝŶŐ͕/ǁŽƵůĚůŝŬĞƚŽŶŽƚĞƚŚĂƚŽŶĞŽĨƚŚĞŵŽƐƚĨƌĞƋƵĞŶƚ ƋƵĞƐƟŽŶƐĂƚŽƵƌŽůŽƌĂĚŽtĞůĐŽŵĞĞŶƚĞƌŝƐŶŽǁ͕͞,ŽǁĚŽLJŽƵŐĞƚƚŽƚŚĞƐŬĂƚĞƉĂƌŬ͍͟dŚĞǀŽůƵŶƚĞĞƌƐĂƚƚŚĞǁĞůĐŽŵĞĐĞŶƚĞƌŚĂǀĞ ƌĞƋƵĞƐƚĞĚƚŚĂƚƐŝŐŶƐďĞƉůĂĐĞĚƚŚƌŽƵŐŚŽƵƚƚŽǁŶƚŽŐƵŝĚĞŽƵƚͲŽĨͲƚŽǁŶĞƌƐƚŽƚŚĞƉĂƌŬ͘dŚĞƌĞŚĂǀĞďĞĞŶ͕ĂƐ/ĂŵƚŽůĚ͕ŶƵŵĞƌŽƵƐ ƐŬĂƚĞƌƐĨƌŽŵĂĐƌŽƐƐŵĞƌŝĐĂƚŚĂƚŚĂǀĞĐŽŵĞŚĞƌĞƐƉĞĐŝĮĐĂůůLJĨŽƌƚŚĞƉƵƌƉŽƐĞŽĨƚƌLJŝŶŐŽƵƚŽƵƌŶĞǁĨĂĐŝůŝƚLJ͘/͛ǀĞŚĞĂƌĚƌĞƉŽƌƚƐĨƌŽŵ ůŽĐĂůĞŶƚŚƵƐŝĂƐƚƐƚŚĂƚĨĞůůŽǁƌŝĚĞƌƐĨƌŽŵĂƐĨĂƌĂǁĂLJĂƐDĂŝŶĞ͕sĞƌŵŽŶƚ͕&ůŽƌŝĚĂ͕tĂƐŚŝŶŐƚŽŶ͕KƌĞŐŽŶ͕dĞdžĂƐ͕ĂůŝĨŽƌŶŝĂ͕ĂŶĚ/ŶĚŝĂŶĂ ŚĂǀĞďĞĞŶŚĞƌĞƚŽƐŬĂƚĞ͘&ŽƌĂĐŝƚLJǁŝƚŚĂƉŽƉƵůĂƟŽŶŽĨϭϬ͕ϬϬϬǁĞĂƌĞŝŵƉƌĞƐƐĞĚǁŝƚŚƚŚĞƌĞƐƵůƚƐ͘dŽŶLJ,ĂǁŬĞǀĞŶƐƚŽƉƉĞĚĨŽƌĂ ƌŝĚĞǁŝƚŚŚŝƐŐƌŽƵƉĂĐŽƵƉůĞŽĨǁĞĞŬƐĂŐŽ͘tŽƌĚƚƌĂǀĞůƐĨĂƐƚǁŚĞŶĂǁŽƌůĚĐůĂƐƐƐŬĂƚĞƉĂƌŬŝƐĐŽŶƐƚƌƵĐƚĞĚ͘͟ ;^ŽƵƌĐĞ͗DĂLJŽƌ:ŽƐĞƉŚ͘ZĞŽƌĚĂͲdƌŝŶŝĚĂĚ͕ŽůŽƌĂĚŽͿ
• ͞dŚĞŝŵŵĞĚŝĂƚĞƌĞƐƉŽŶƐĞƚŽŽƵƌƉĂƌŬǁĂƐŽǀĞƌǁŚĞůŵŝŶŐ͘ŽƚŚƚŚĞLJŽƵƚŚŽĨŽƵƌƚŽǁŶ͕ĂŶĚǀŝƐŝƚŽƌƐĂůŝŬĞďŽŵďĂƌĚĞĚŽƵƌŶĞǁƉĂƌŬ ĞĂĐŚĂŶĚĞǀĞƌLJĚĂLJ͘dŚŝƐǁĂƐĂŚƵŐĞĞĐŽŶŽŵŝĐƐƚĨŽƌŽƵƌƚŽǁŶ͕ĂŶĚĐŽŶƟŶƵĞƐƚŽďĞĂƐƚŚŝƐĐŽŶƚĞƐƚŚĂƐƉƵƚĂƌďŽŶĚĂůĞĂŶĚŽƵƌ ƐŬĂƚĞƉĂƌŬŽŶƚŚĞŵĂƉ͘EĞǀĞƌƵŶĚĞƌĞƐƟŵĂƚĞƚŚĞĚƌĂǁƚŚĂƚĂƐŬĂƚĞƉĂƌŬǁŝůůŚĂǀĞŽŶLJŽƵƌƚŽǁŶ͘KƵƌƚŽǁŶŚĂƐďĞĞŶǀĞƌLJƉůĞĂƐĞĚ ǁŝƚŚƚŚĞĞĐŽŶŽŵŝĐŝŵƉĂĐƚƚŚĂƚƚŚĞŶĞǁƐŬĂƚĞƉĂƌŬŚĂƐďƌŽƵŐŚƚƚŽĂƌďŽŶĚĂůĞ͘tŝƚŚŵĂŶLJǀŝƐŝƚŽƌƐƐƚĂLJŝŶŐŚĞƌĞŽǀĞƌƚŚĞ^ƵŵŵĞƌ ŵŽŶƚŚƐũƵƐƚƚŽƐŬĂƚĞŽƵƌƉĂƌŬ͕ǁŝƚŚůĂƌŐĞĐŽŶƚĞƐƚƐďĞŝŶŐŚĞůĚŚĞƌĞĂŶĚƚŚĞĨƌĞĞĂĚǀĞƌƟƐĞŵĞŶƚƐƚŚĂƚƐŬĂƚĞƌƐƉĂƐƐŽŶƚŽĞĂĐŚŽƚŚĞƌ ĂďŽƵƚĂƌďŽŶĚĂůĞ͕ŽƵƌƐŬĂƚĞƉĂƌŬŚĂƐďĞĞŶĞdžĐĞƉƟŽŶĂůĨŽƌƚŽǁŶďƵƐŝŶĞƐƐ͘͟ ;^ŽƵƌĐĞ͗ĂƌďŽŶĚĂůĞZĞĐƌĞĂƟŽŶŽŽƌĚŝŶĂƚŽƌŚƌŝƐtŽŽĚƐͲĂƌďŽŶĚĂůĞ͕ŽůŽƌĂĚŽͿ SPOHN RANCH, INC. | DESIGN. BUILD. COME TOGETHER.
[email protected] | 626.330.5803 | 6824 S CENTINELA AVE. LOS ANGELES, CA 90230 SKATEPARKS create liability
SKATEPARKS ARE DANGEROUS
ADDRESSING COMMON MISCONCEPTIONS
SPOSPOSPOSP HNHNHNHNHNN RANRANRANRANRANCH,CH,CH,CH,CH,C INININNINCC.C.C. |||| DEDEDEDEESIGSIGSIGSIGSIGIGN.N.N.N.N.N BUIBUIBUIBUIBUU LD.LD.LD.LD.LD. COCOCOCOCOCOME ME ME ME M TOGTOGTOGTOGTOGETHETHTHETHE ER.ER.ERER.ER.
INFINFINFNFIN O@SO@SO@SO@SO@ POHPOHPOHPOHOHNRANRANRANRAANCHNCHNCHNCHNCH.CO.CO.CO.CO.COM M M M MM ||| 626626626626626.33.3333.33330.50.50.50.5050 8038038030303 |||| 6666824824824824824824 SSSS CENCENCENCENTINTINTINNTINNELAELAELAELAEL AVAVAVAVAVAVE.E.E.EE LOSLOSLOSLOSL ANANANANANNGELGELGELGELGELES,ES,ES,ES,ES, CACACACAA 90909090230230230230 SSSSSKKKKKAAAAATTTTTEEEEEEPPPPPAAAAARRRRRKKKKKSSSS cccccrrrrreeeeeaaaaattttteeeee llllliiiiiaaaaaabbbbbbiiiilllllliiiiittttttyyyyyy
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ZĂƚŚĞƌ͕ƉƵƌƐƵĂŶƚƚŽƚŚĞƐƚĂƚƵƚĞ͕ƚŚĞƉĂƌƟĐŝƉĂŶƚŝŶŚĂnjĂƌĚŽƵƐƌĞĐƌĞĂƟŽŶĂůĂĐƟǀŝƟĞƐŝƐŚĞůĚ͞ůĞŐĂůůLJƌĞƐƉŽŶƐŝďůĞĨŽƌĂůůĚĂŵĂŐĞƐ͕ŝŶũƵƌLJ͕ ŽƌĚĞĂƚŚƚŽŚŝŵƐĞůĨŽƌŚĞƌƐĞůĨŽƌŽƚŚĞƌƉĞƌƐŽŶƐŽƌƉƌŽƉĞƌƚLJƚŚĂƚƌĞƐƵůƚĨƌŽŵƚŚĞƐĞĂĐƟǀŝƟĞƐ͘͟tŚŝůĞĞŶŐĂŐĞĚŝŶŚĂnjĂƌĚŽƵƐƌĞĐƌĞĂƟŽŶĂů ĂĐƟǀŝƟĞƐ͕ŝƌƌĞƐƉĞĐƟǀĞŽĨǁŚĞƌĞƐƵĐŚĂĐƟǀŝƟĞƐŽĐĐƵƌ͕ƚŚĞůĂǁŚŽůĚƐƚŚĞƉĂƌƟĐŝƉĂŶƚƌĞƐƉŽŶƐŝďůĞĨŽƌŶĞŐůŝŐĞŶƚĨĂŝůƵƌĞƚŽĐŽŵƉůLJǁŝƚŚƚŚĞ ŽƌĚŝŶĂŶĐĞƌĞƋƵŝƌĞŵĞŶƚƚŚĂƚĂŶLJƉĞƌƐŽŶƌŝĚŝŶŐĂƐŬĂƚĞďŽĂƌĚĂƚĂŶƵŶƐƵƉĞƌǀŝƐĞĚĨĂĐŝůŝƚLJŵƵƐƚǁĞĂƌĂŚĞůŵĞƚ͕ĞůďŽǁƉĂĚƐ͕ĂŶĚŬŶĞĞƉĂĚƐ͘ ;^ŽƵƌĐĞ͗WĂƌŬƐΘZĞĐƌĞĂƟŽŶDĂŐĂnjŝŶĞ͞^ŬĂƚĞďŽĂƌĚŝŶŐ/ŵŵƵŶŝƚLJ>ĂǁƐ>ŝŵŝƚ>ŝĂďŝůŝƚLJ͟Ϳ SPOHN RANCH, INC. | DESIGN. BUILD. COME TOGETHER.
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INFINFINFNFIN O@SO@SO@SO@SO@ POHPOHPOHPOHOHNRANRANRANRAANCHNCHNCHNCHNCH.CO.CO.CO.CO.COM M M M MM ||| 626626626626626.33.3333.33330.50.50.50.5050 8038038030303 |||| 6666824824824824824824 SSSS CENCENCENCENTINTINTINNTINNELAELAELAELAEL AVAVAVAVAVAVE.E.E.EE LOSLOSLOSLOSL ANANANANANNGELGELGELGELGELES,ES,ES,ES,ES, CACACACAA 90909090230230230230
SSSSKKKKKAAAAATTTTTEEEEEPPPPPAAAAARRRRRKKKKKSSSSS AAAAARRRRREEEEEE HHHHHUUUUUUBBBBBSSSSSS FFFFFOOOOOORRRRR IIIIILLLLLLLLLLIIIIICCCCCCIIIIIITTTTTT BBBBBBEEEEEEHHHHHAAAAAAVVVVVVIIIIIOOOOOORRRRR tŚĞŶĐŽŶĐĞƌŶĞĚĐŽŵŵƵŶŝƚLJŵĞŵďĞƌƐĚĞƐĐƌŝďĞďĞŚĂǀŝŽƌƚŚĞLJďĞůŝĞǀĞǁŝůůŽĐĐƵƌĂƚĂƉƌŽƉŽƐĞĚƐŬĂƚĞƉĂƌŬ͕ƚŚĞLJĂƌĞƚLJƉŝĐĂůůLJƌĞĨĞƌƌŝŶŐƚŽ ƐŵŽŬŝŶŐ͕ĚƌŝŶŬŝŶŐ͕ǀĂŶĚĂůŝƐŵĂŶĚĂŐŐƌĞƐƐŝǀĞďĞŚĂǀŝŽƌ ͘/ŶŽƵƌĞdžƉĞƌŝĞŶĐĞ͕ǁĞ͛ǀĞĨŽƵŶĚƚŚĂƚƚŚĞƐĞŝƐƐƵĞƐĐĂŶŽĐĐĂƐƐŝŽŶĂůůLJŽĐĐƵƌ͕ďƵƚ͗ • dŚĞLJĂƌĞƚŚĞĞdžĐĞƉƟŽŶ͕ŶŽƚƚŚĞƌƵůĞ͘/ŶĞǀĞƌLJƐŽĐŝĂůŐƌŽƵƉƚŚĞƌĞǁŝůůďĞƚŚĞŽĐĐĂƐŝŽŶĂů͞ďĂĚƐĞĞĚ͟ǁŚŽƐĞƵƉďƌŝŶŐŝŶŐǁĂƐŶŽƚƌŽŽƚĞĚŝŶ ǀĂůƵĞƐŽĨĐŽƵƌƚĞƐLJ͕ŬŝŶĚŶĞƐƐĂŶĚƌĞƐƉĞĐƚ͘dŚŝƐŝƐŶŽƚƵŶŝƋƵĞƚŽƐŬĂƚĞďŽĂƌĚĞƌƐĂŶĚŝƐƐƵĞƐůŝŬĞƚŚŝƐĂƌĞƚLJƉŝĐĂůůLJƐLJŵƉƚŽŵƐŽĨďĞŝŶŐĂŶ ĂĚŽůĞƐĐĞŶƚ͕ŶŽƚƐLJŵƉƚŽŵƐŽĨďĞŝŶŐĂƐŬĂƚĞďŽĂƌĚĞƌ ͘
• dŚĞLJĂƌĞƚLJƉŝĐĂůůLJĐĂƵƐĞĚďLJŶŽŶͲƐŬĂƚĞďŽĂƌĚĞƌƐ͘dŚĞǀĂƐƚŵĂũŽƌŝƚLJŽĨƐŬĂƚĞƉĂƌŬƵƐĞƌƐĂƌĞĞdžƚƌĞŵĞůLJĨŽĐƵƐĞĚŝŶĚŝǀŝĚƵĂůƐĞŶŐĂŐĞĚŝŶĂ ƉŚLJƐŝĐĂůůLJĂŶĚŵĞŶƚĂůůLJͲĚĞŵĂŶĚŝŶŐĂĐƟǀŝƚLJ͘/ŶƐŬĂƚĞƉĂƌŬƐƚŚĂƚůĂĐŬǀŝƐŝďŝůŝƚLJŽƌĨĞĂƚƵƌĞƉƌŝƐŽŶͲƐƚLJůĞĨĞŶĐĞƐƚŚĂƚĚŝƐĐŽƵƌĂŐĞƚŚĞƉƵďůŝĐĂƚ ůĂƌŐĞĨƌŽŵĞŶƚĞƌŝŶŐƚŚĞĨĂĐŝůŝƚLJ͕ƚŚĞƐĞŽĐĐĂƐŝŽŶĂů͞ďĂĚƐĞĞĚƐ͟ĨĞĞůůŝŬĞƚŚĞƐŬĂƚĞƉĂƌŬŝƐĂƉůĂĐĞǁŚĞƌĞƚŚĞLJĐĂŶŚŝĚĞĨƌŽŵƚŚĞůĂǁͲĂďŝĚŝŶŐ ƉƵďůŝĐĂŶĚĞŶŐĂŐĞŝŶŝůůŝĐŝƚďĞŚĂǀŝŽƌ ͘
• dŚĞƌĞĂƌĞƐƚƌĂƚĞŐŝĐŵĞƚŚŽĚƐĚƵƌŝŶŐƚŚĞƉůĂŶŶŝŶŐĂŶĚĚĞƐŝŐŶƉƌŽĐĞƐƐƚŚĂƚĐĂŶďĞŝŵƉůĞŵĞŶƚĞĚƚŽŵŝŶŝŵŝnjĞƚŚĞƐĞŝƐƐƵĞƐ͘ • ^ŝƟŶŐʹ^ŬĂƚĞƉĂƌŬƐƚŚĂƚĂƌĞŚŝŐŚůLJǀŝƐŝďůĞĂŶĚƐƵƌƌŽƵŶĚĞĚďLJĂĐƟǀĞƉƵďůŝĐĂƌĞĂƐĐƌĞĂƚĞƚŚĞƉĞƌĐĞƉƟŽŶƚŚĂƚĂŶLJĂĐƟǀŝƟĞƐĐŽŶĚƵĐƚĞĚ ǁŝƚŚŝŶƚŚĞƐŬĂƚĞƉĂƌŬĐŽƵůĚďĞƐĞĞŶďLJůĂǁĞŶĨŽƌĐĞŵĞŶƚ͕ƉĂƌĞŶƚƐŽƌĐŽŵŵƵŶŝƚLJŵĞŵďĞƌƐ͘dŚĞƉĞƌĐĞƉƟŽŶƚŚĂƚƚŚĞƐŬĂƚĞƉĂƌŬŝƐ ƉĂƌƚŽĨ͞ĞǀĞƌLJďŽĚLJ͛ƐƐƉĂĐĞ͟ĂŶĚƚŚĂƚƚŚĞƌĞŝƐŶŽǁŚĞƌĞƚŽŚŝĚĞŝƐĞdžƚƌĞŵĞůLJĞīĞĐƟǀĞŝŶĚŝƐĐŽƵƌĂŐŝŶŐƉŽŽƌďĞŚĂǀŝŽƌ ͘ • ĚƵůƚůĞĂĚĞƌƐʹ^ŬĂƚĞďŽĂƌĚŝŶŐĐŽŵŵƵŶŝƟĞƐǁŝƚŚĂƐƚƌŽŶŐĂĚƵůƚƉƌĞƐĞŶĐĞĐŽŶƐŝƐƚĞŶƚůLJƐĞĞĨĞǁĞƌƉƌŽďůĞŵƐŽŶĐĞƚŚĞƐŬĂƚĞƉĂƌŬ ŽƉĞŶƐ͘tŚĞŶƚŚĞƌĞĂƌĞƉŽƐŝƟǀĞƌŽůĞŵŽĚĞůƐŝŶƚŚĞŵŝdž͕ƚŚĞŵĂũŽƌŝƚLJŽĨLJŽƵŶŐĞƌƐŬĂƚĞƌƐǁŝůůĨŽůůŽǁƚŚĞŝƌůĞĂĚĂŶĚƚƌĞĂƚƚŚĞĨĂĐŝůŝƚLJ ǁŝƚŚƌĞƐƉĞĐƚ͕ŽƌĨĂĐĞƚŚĞƌŝƐŬŽĨďĞĐŽŵŝŶŐĂƐŽĐŝĂůŽƵƚĐĂƐƚǁŝƚŚŝŶƚŚĞŐƌŽƵƉ͘ • /ŶǀŽůǀĞƵƐĞƌƐŝŶƐŬĂƚĞƉĂƌŬĚĞǀĞůŽƉŵĞŶƚʹtŚĞŶƐŬĂƚĞƉĂƌŬƉƌŽũĞĐƚƐĂĐƟǀĞůLJĞŶŐĂŐĞƚŚĞĞŶĚƵƐĞƌƐƚŚƌŽƵŐŚŽƵƚƚŚĞƉƌŽĐĞƐƐ͕ƚŚĞLJ ĚĞǀĞůŽƉĂƐĞŶƐĞŽĨƉƌŝĚĞĂŶĚŽǁŶĞƌƐŚŝƉŝŶƚŚĞĨĂĐŝůŝƚLJ͘tŚĞƚŚĞƌŝƚ͛ƐƐŝƫŶŐƚŚƌŽƵŐŚŚŽƵƌƐŽĨĐŝƚLJĐŽƵŶĐŝůŵĞĞƟŶŐƐ͕ĐŽŶƚƌŝďƵƟŶŐƚŽ ƚŚĞĚĞƐŝŐŶŽĨĨĞĂƚƵƌĞƐǁŝƚŚŝŶƚŚĞƉĂƌŬŽƌŚĞůƉŝŶŐƌĂŝƐĞĨƵŶĚƐĨŽƌĐŽŶƐƚƌƵĐƟŽŶ͕ǁŚĞŶLJŽƵƚŚďĞĐŽŵĞŝŶǀĞƐƚĞĚŝŶƚŚĞƉƌŽũĞĐƚƚŚĞLJ ĂƌĞŵŽƌĞůŝŬĞůLJƚŽƌĞƐƉĞĐƚƚŚĞĨĂĐŝůŝƚLJŽŶĐĞŝƚŽƉĞŶƐ͘WůƵƐ͕ŝĨƚŚĞLJŽďƐĞƌǀĞƐŽŵĞŽŶĞĂďƵƐŝŶŐŽƌŵŝƐƵƐŝŶŐƚŚĞƐƉĂĐĞ͕ƚŚĞLJĂƌĞůŝŬĞůLJƚŽ ƚĂŬĞĂƐƚĂŶĚ͘dŚĞLJ͛ůůƌĞŵŝŶĚƚŚĂƚƉĞƌƐŽŶŚŽǁŚĂƌĚƚŚĞƐŬĂƚĞďŽĂƌĚŝŶŐĐŽŵŵƵŶŝƚLJǁŽƌŬĞĚƚŽďƵŝůĚƚŚĞƉĂƌŬĂŶĚƚŚĂƚĚŝƐƌĞƐƉĞĐƟŶŐŝƚ ĐŽƵůĚůĞĂĚƚŽŝƚƐĐůŽƐƵƌĞ͘
• /ŶĂƌĞĐĞŶƚƐƚƵĚLJďLJƚŚĞ:ŽƵƌŶĂůŽĨĚŽůĞƐĐĞŶƚZĞƐĞĂƌĐŚ͕ƌ ͘'ƌĂŚĂŵ>͘ƌĂĚůĞLJĞdžƉůĂŝŶƐƚŚĂƚ͞ƐŬĂƚĞƉĂƌŬƐĂƌĞƉŽƐŝƟǀĞƉůĂĐĞƐ͕ǁŚŝĐŚ ĞŶĐŽƵƌĂŐĞĐŝǀŝĐƌĞƐƉŽŶƐŝďŝůŝƚLJĂŶĚƐŽĐŝĂůƐŬŝůůƐ͘tĞĂůƐŽǁĂƚĐŚĞĚĂŶĚŽďƐĞƌǀĞĚŬŝĚƐĂĐƋƵŝƌŝŶŐƐŽĐŝĂůƐŬŝůůƐ͕ůĞĂƌŶŝŶŐƚŽĐŽŽƉĞƌĂƚĞ͕ƚŽƚĂŬĞ ƚƵƌŶƐ͕ƚŽƚĂŬĞƐŽŵĞƌĞƐƉŽŶƐŝďŝůŝƚLJĨŽƌƚŚĞŝƌƐƉŽƌƟŶŐĂƌĞŶĂ͘dŚĞLJŚĂǀĞƉƌŝĚĞŝŶŝƚĂŶĚƚŚĞLJůŽŽŬĂŌĞƌŝƚ͘tĞƚŚŝŶŬLJŽƵŶŐďŽLJƐĂƚƚŚĞ ƐŬĂƚĞƉĂƌŬĂƌĞůĞĂƌŶŝŶŐƚŚĞďĞŐŝŶŶŝŶŐƐŽĨƐŽŵĞĐŝǀŝĐƉĂƌƟĐŝƉĂƟŽŶ͕ƐŽŵĞƌĞƐƉŽŶƐŝďŝůŝƚLJ͕ĂŶĚƐŽŵĞŝŶǀŽůǀĞŵĞŶƚŝŶƚŚĞŝƌĐŽŵŵƵŶŝƚLJ͘͟ ;^ŽƵƌĐĞ͗:ŽƵƌŶĂůŽĨĚŽůĞƐĐĞŶƚZĞƐĞĂƌĐŚʹ͞^ŬĂƚĞWĂƌŬƐĂƐĂŽŶƚĞdžƚĨŽƌĚŽůĞƐĐĞŶƚĞǀĞůŽƉŵĞŶƚ͟Ϳ • EĞǁƌĞƐĞĂƌĐŚŽƵƚŽĨƚŚĞhŶŝǀĞƌƐŝƚLJŽĨEŽƌƚŚĂƌŽůŝŶĂĂƚŚĂƉĞů,ŝůůĮŶĚƐƚŚĂƚƉŚLJƐŝĐĂůůLJĂĐƟǀĞĂĚŽůĞƐĐĞŶƚƐĂƌĞŶŽƚŽŶůLJŝŵƉƌŽǀŝŶŐƚŚĞŝƌ ŚĞĂůƚŚͲƚŚĞLJĂůƐŽĂƌĞĚĞĐƌĞĂƐŝŶŐƚŚĞĐŚĂŶĐĞƚŚĂƚƚŚĞLJǁŝůůŐĞƚŝŶƚŽƚƌŽƵďůĞ͘ŵŽŶŐƚĞĞŶƐǁŚŽĨĂƌĞǁĞůůĂƌĞƐŬĂƚĞďŽĂƌĚĞƌƐ͕ƉĂƌƟĐƵůĂƌůLJ ƌĞŐĂƌĚŝŶŐƚŚĞŝƌƐĞůĨͲĞƐƚĞĞŵĂŶĚĚĞƐƉŝƚĞĂůĂĐŬŽĨǁŝĚĞƉƵďůŝĐƐƵƉƉŽƌƚĨŽƌƚŚŝƐĂĐƟǀŝƚLJ͘͞ŶLJƚŚŝŶŐǁĞĐĂŶĚŽƚŽŐĞƚŬŝĚƐƚŽďĞƉŚLJƐŝĐĂůůLJ ĂĐƟǀĞǁŝůůŚĞůƉƚŚĞŵŝŶƚĞƌŵƐŽĨƚŚĞŝƌƉŚLJƐŝĐĂůŚĞĂůƚŚ͕ďƵƚƚŚŝƐƌĞƐĞĂƌĐŚƐƵŐŐĞƐƚƐƚŚĂƚĞŶŐĂŐŝŶŐŝŶĂǀĂƌŝĞƚLJŽĨĂĐƟǀŝƟĞƐŵĂLJĂůƐŽŚĂǀĞ ƐŽĐŝĂů͕ĞŵŽƟŽŶĂůĂŶĚĐŽŐŶŝƟǀĞďĞŶĞĮƚƐ͕ŝŶĐůƵĚŝŶŐƌĞĚƵĐĞĚůŝŬĞůŝŚŽŽĚŽĨĞŶŐĂŐŝŶŐŝŶƌŝƐŬLJďĞŚĂǀŝŽƌƐƐƵĐŚĂƐĚƌŝŶŬŝŶŐ͕ĚƌƵŐƐ͕ǀŝŽůĞŶĐĞ͕ ƐŵŽŬŝŶŐ͕ƐĞdžĂŶĚĚĞůŝŶƋƵĞŶĐLJ͕͟'ŽƌĚŽŶͲ>ĂƌƐĞŶĂĚĚĞĚ͘dŚĞƌŝƐŬǁĂƐƐŝŵŝůĂƌůLJůŽǁĨŽƌƚŚĞƐŬĂƚĞƌƐͬŐĂŵĞƌƐ͘^ŬĂƚĞďŽĂƌĚŝŶŐŵĂLJŐĞƚĂ ďĂĚƌĂƉ͕ƐŝŶĐĞƐĐŚŽŽůƐĚŽŶ͛ƚŐĞŶĞƌĂůůLJƐƉŽŶƐŽƌŝƚ͕ŵĂŶLJƉƵďůŝĐƉůĂĐĞƐďĂŶŝƚĂŶĚŶŽƚĂůŽƚŽĨĂĚƵůƚƐƉĂƌƟĐŝƉĂƚĞŝŶŝƚ͘͞ƵƚǁĞĨŽƵŶĚƚŚĂƚ ĂĚŽůĞƐĐĞŶƚƐǁŚŽƐŬĂƚĞďŽĂƌĚĂĐƚƵĂůůLJĨĂƌĞĚǁĞůůŝŶƚĞƌŵƐŽĨƐĞůĨͲĞƐƚĞĞŵĂŶĚǁĞƌĞůĞƐƐůŝŬĞůLJƚŽĞŶŐĂŐĞŝŶƌŝƐŬLJďĞŚĂǀŝŽƌƐĐŽŵƉĂƌĞĚ ƚŽƚĞĞŶƐǁŚŽǁĂƚĐŚĂůŽƚŽĨds͕͟'ŽƌĚŽŶͲ>ĂƌƐĞŶƐĂŝĚ͘͞/ƚ͛ƐĂůƐŽĞdžƚƌĞŵĞůLJŝŵƉŽƌƚĂŶƚĨŽƌĐŽŵŵƵŶŝƟĞƐĂŶĚƐĐŚŽŽůƐƚŽƉƌŽǀŝĚĞƐĂĨĞĂŶĚ ĂīŽƌĚĂďůĞƌĞĐƌĞĂƟŽŶĨĂĐŝůŝƟĞƐĂŶĚŽƉƉŽƌƚƵŶŝƟĞƐĨŽƌƉŚLJƐŝĐĂůĂĐƟǀŝƚLJ͕͟ƐŚĞĂĚĚĞĚ͘;^ŽƵƌĐĞ͗DLJEEĞǁƐ͞^ŬĂƚĞďŽĂƌĚŝŶŐ͛ƐĐŽŽůĂŶĚŚĞĂůƚŚLJ͟Ϳ • ͞tĞĚŝĚŶ͛ƚƐĞĞǀĞƌLJŵƵĐŚŵŝƐďĞŚĂǀŝŽƌ͕ĐĞƌƚĂŝŶůLJǁŚĞŶĐŽŵƉĂƌĞĚǁŝƚŚǁŚĂƚLJŽƵǁŽƵůĚĞdžƉĞĐƚĂƐƉĞƌƚŚĞƐƚĞƌĞŽƚLJƉĞƐŽƌǁŚĂƚŝƐƚŽďĞ ƌĞĂƐŽŶĂďůLJĞdžƉĞĐƚĞĚŝŶĂŶLJƐŽĐŝĂůƐĞƫŶŐǁŚĞƌĞLJŽƵƚŚĐŽŶŐƌĞŐĂƚĞ͘tĞĚŝĚŶ͛ƚƐĞĞĂŶLJƉŚLJƐŝĐĂůŽƌǀĞƌďĂůďƵůůLJŝŶŐŽƌŝŶƟŵŝĚĂƟŽŶ͘tĞƐĂǁ ŶŽŐƌĂĸƟ͘tĞƐĂǁŚƵŶĚƌĞĚƐŽĨŬŝĚƐ͕ďƵƚĨĞǁĞƌƚŚĂŶϯйŽĨƚŚĞŵǁĞƌĞƐŵŽŬŝŶŐĐŝŐĂƌĞƩĞƐ͘ϮйůŝƩĞƌĞĚĂƚĂŶLJƟŵĞǁĞǁĞƌĞǁĂƚĐŚŝŶŐ͘͟ ;^ŽƵƌĐĞ͗:ŽƵƌŶĂůŽĨĚŽůĞƐĐĞŶƚZĞƐĞĂƌĐŚʹ͞^ŬĂƚĞWĂƌŬƐĂƐĂŽŶƚĞdžƚĨŽƌĚŽůĞƐĐĞŶƚĞǀĞůŽƉŵĞŶƚ͟Ϳ SPOHN RANCH, INC. | DESIGN. BUILD. COME TOGETHER.
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INFINFINFNFIN O@SO@SO@SO@SO@ POHPOHPOHPOHOHNRANRANRANRAANCHNCHNCHNCHNCH.CO.CO.CO.CO.COM M M M MM ||| 626626626626626.33.3333.33330.50.50.50.5050 8038038030303 |||| 6666824824824824824824 SSSS CENCENCENCENTINTINTINNTINNELAELAELAELAEL AVAVAVAVAVAVE.E.E.EE LOSLOSLOSLOSL ANANANANANNGELGELGELGELGELES,ES,ES,ES,ES, CACACACAA 90909090230230230230
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ADDRESSING COMMON MISCONCEPTIONS
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[email protected] | 626.330.5803 | 6824 S CENTINELA AVE. LOS ANGELES, CA 90230
VISIBILITY
ACCESSIBILITY
DESIGN
CANVAS
BARRIERS TO
SHOVEL-READY
amenities &
infrastructure
environmental
impact
• How easy would it be for law enforcement and parents to patrol and check-in on the skatepark?
• Is the site surrounded by other active areas, giving users the sense that eyes could be on them at any given time?
• *QYEGPVTCNK\GFKUVJGUKVG!+UKVQPVJGQWVUMKTVUQHVQYPCPFFKHſEWNVHQTVJG majority of residents to access?
• What is the proximity to public transportation? Bus, train, bike trails, pathways for walking/skating, etc.
• Is there enough space to achieve the desired square footage? Is there potential for future expansion?
• +UVJGUJCRGQHVJGURCEGEQPFWEKXGVQUMCVGDQCTFKPIVTCHſERCVVGTPUQT do awkward corners and boundaries create challenges?
• Is the topography conducive to skatepark design? Do natural elevation changes present opportunities or challenges?
• Would the scenery, aesthetics and atmosphere compliment a social gathering space like a skatepark?
• Do sub-surface & drainage conditions present opportunities or challenges? • Does the agency already own the property? Is it properly zoned? Or would a property acquisition and zoning process be lengthy and challenging? • Would use of the site require demolition of existing structures? How extensive?
• Does use of the site for a skatepark conflict with future plans for the space? • Does the site have existing support amenities nearby or would they have to be created from scratch? Parking, restrooms, drinking fountain, shade, spectator seating, etc.
• Is the site already set up for key utilities like water for a drinking fountain and power for lighting?
• 9QWNFWUGQHVJGUKVGHQTCUMCVGRCTMEQPƀKEVYKVJQVJGTCEVKXKVKGUYKVJKP the overall space?
• Would a skatepark displace an existing recreational activity? • Would use of the site for a skatepark damage natural or cultural resources? • Would the skatepark’s proximity to homes cause excess noise beyond ambient levels?
STEP 3. SITE SELECTION
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WouWouWouWouWouldld ld ld ld thethethethth scscscs eneeneenery,ry,ry aeaeaesthsthsthhetietietiet cs cs cs cs andandandandd atatatatmosmosmosmosphephephepheerererere comcomcomcommpliplipliplip menmenmenmenment at at at a sososososociaciaciaciaciallll gatgatgatgatgatherherherherheringingingingn spspsps aceaceacec lililike ke ke a sa sa sskatkatkatkattepaepaepaepaark?rk?rk?rk?rk? ••••
Do Do Do Do Do subsubsubsubsub-su-su-su-s-surfarfarfarfaace cece cc & d& d& d& ddrairairair nagnagnagaa e ce ce ce ccondondondonditiitiitiitiionsonsonsonso prprprprp eseeseeseesent nt nt ntn oppoppoppoppo ortortortortuniuniuniuniunitietietietieties os os oos or cr cr cr cr chalhalhalhalallenlenlenlenlengesgesgesgesges????? •••••
DoeDoeDoeDoeo s ts ts ts the he he he h ageageageageagencyncyncyncyy alalalala reareareaready dy dy dy y ownownownownown thththhthe pe pe pepe proproproproperterterterty? y? y? y? Is Is Is Is it it it it t proproproproproperperperpere ly ly ly ly zonzonzonzo ed?ed?ed?d?? OrOrOrOr wowowwowoulduldulduld a pa pa pa propropropropoperterterterter y ay ay ay ay acqucqcqucquisiisiisiisitiotiotiotiot n an an an and nd ndnd nd zonzonzononzoningingingingng prprprproceoceoceocess ssss ss be be bebe be lenlenlenlengthgthgthgthgt y ay ay ay and nd nd nd chachachachallellellellengingingingin ng?ng?ng?ng? •••••
WouWouWouWouWould ld ld ld d useuseuseusese ofofofof ththththt e se se se iteiteiteite rerererequiquiquiquiquire re re ree demdemdemdemdemoliolioliol tiotioiotioon on on on on f ef ef ef exisxisxisxisx tintintinting sg sg sg sg strutrutrutrutr ctuctuctucturesresresres???? HowHowowHowHow exexexexe tentententennsivsivsivsive? e?e? e? •••••
DoeDoeDoeDoeDoes us us us us use se se se se of of of ofof thethethethethe sisisisisitetetetete forforforfor aaaa skaskaskaskaskateptepteptepe arkarkarkark cococococonflnflnflnfnf ictictictict witwitwitwitith fh fh fh fh futuutuutuutuuture re re ree plaplaplaplaplans ns ns ns ns forforforforr thththththe se se se se spacpacpacpacpace?e?e?e?e? •••••
DoeDoeDoeDoes tsts ts ts he hehe he sitsitsitsitsi e he he he he aveaveaveave exexexexististististingingingg susususuuppoppoppoppopport rt rt trt ameameameamemenitnitnitnitiesiesesies nenennenearbarbarbarbarby oy oy oy oyo r wr wr wr wr ouloulououluld td td tdtd heyheyheyhey hahahahahaveve veve v to to totoo be be be be crecrecrecreateateateated fd fd fdfd romromromromm scscsccratratratch?ch?ch?ch? PaPaPaParkirkirkirk ng,ng,ng,ng,, rererereestrstrstrtroomoomoomoomms,s,s,s dridridridrd nkinkinkinking ngng ngng foufoufoufouf ntantantantain,n,in,in, shshshhs adeadeadeadeade,, , spespespesp ctactactac tortorortort seseseses atiatiatiatiing,ng,ng,ng, etetetetc.cc. ••••
Is Is Is Is thethethethe sisisisite te te te alralralralralreadeadeadeade y sy sy sy set et et t upupupp forforforforfor kekekekekey uy uy uy uy utiltiltiltilitiitiitittieses es es likliklikliklike we we we we wateateateateater fr fr f fr for or or oro a da da da da rinrinrinrinrinkinkinkinking fg fg fg founounounountaitaitaitainnnn andandandanda popopopoowewerwerwewer fofofofor lr lr lr lighighighighg tintinting?g?g?g? •••••
9QW9QW9QW9QW9 NFNFNFF WUGWUGWUGWU QHQHQH VJVJVJJGUGUGUGUKVGKVGKVGV HQHQQQTCTCTCCC UMUMUMUMMCVGCVGCVGCVGRCTRCTRCTRCTMEMEMEMEEQPƀQPƀQPƀQPƀQP KEVKEVKEVKEV YKYKYYKVJVJVJVJ QVJQVJQVJQVJJGTGTGTGTG CEVCEVCEVCEVCE KXKKXKKXKXKVKGVKGVKGVKGVKGUYUYUYUYYKVJKVJKVJKVJK KPKPKPKPKP thethethet ovovovoveraeraerae ll ll ll l spaspaspapace?ce?ce?e? ••••
WouWouWouWould ld ld ld a sa sa skatkatkatepaepaepae rk rk rkr disdisdisplaplaplace ce ce ce anananan exiexiexiex stistististiing ng ng ngg recrecrecreccreareareareaeatiotiotiotiotionalnalnalna acacacactivtivtivtivivityityityityty???? ••••
WouWouWoWould ld ld useuseuseus ofofof thththe se se siteiteite fofof r ar ar a skskskskkateateateateparparparparpa k dk dk dk damaamaamaamam gegegege natnatnatnatna urauraurauraal ol ol ol oor cr cr cr cr ultultultultulturauraurauraural rl rrl rl resoesoesoesoesourcurcurcurcurces?es?es?es?es? ••••
WouWouWouWoW ld ld ld d thethethethe skskskskateateateateparparpapa k’sk’sk’ prprproxioxioxioximitmitmitmitty ty ty ty tyt o ho ho homeomeomeomemes cs cs ccs causausausausau e ee ee ee eee xcexcexcexcessss ssss ss noinoinoinoisese se se e beybeybeybeybeyondonddondond ambambamba ienienient lt ltt eveeveevels?ls?ls?s
KŶĐĞLJŽƵ͛ǀĞĐŽŶŶĞĐƚĞĚǁŝƚŚLJŽƵƌůŽĐĂůŵƵŶŝĐŝƉĂůŝƚLJĂŶĚĐŽŶǀŝŶĐĞĚƚŚĞŵĂƉƵďůŝĐƐŬĂƚĞƉĂƌŬŝƐĂƐŵĂƌƚŝĚĞĂ͕ƚŚĞŶĞdžƚƐƚĞƉŝƐ ĮŶĚŝŶŐĂƐƵŝƚĂďůĞůŽĐĂƟŽŶ͘hŶƟůLJŽƵƐĞĐƵƌĞĂƐŝƚĞ͕LJŽƵƌƐŬĂƚĞƉĂƌŬĚƌĞĂŵƐĐĂŶŽŶůLJŐŽƐŽĨĂƌ͕ƐŽĐŽůůĂďŽƌĂƚĞǁŝƚŚLJŽƵƌ ŵƵŶŝĐŝƉĂůŝƚLJĂŶĚĂŶĂůLJnjĞƉŽƚĞŶƟĂůƐŝƚĞƐƵƐŝŶŐ^ƉŽŚŶZĂŶĐŚ͛ƐƟŵĞͲƚĞƐƚĞĚƐŝƚĞƐĞůĞĐƟŽŶĐƌŝƚĞƌŝĂďĞůŽǁ͘ SPOHN RANCH, INC. | DESIGN. BUILD. COME TOGETHER.
[email protected] | 626.330.5803 | 6824 S CENTINELA AVE. LOS ANGELES, CA 90230 STEP 4. CONCEPT DESIGN + TARGET BUDGET
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HOW DO I GET
A DESIGN?
^ƉŽŚŶZĂŶĐŚĐĂŶƉƵƚLJŽƵŽŶƚŚĞƉĂƚŚƚŽĨƵŶĚŝŶŐ
ǁŝƚŚĂĐŽŶĐĞƉƚƵĂůĚĞƐŝŐŶĂŶĚĐŽŶƐƚƌƵĐƟŽŶĐŽƐƚ
ĞƐƟŵĂƚĞǀŝĂŽŶĞŽĨƚǁŽĂƉƉƌŽĂĐŚĞƐ͘/ƚǁŝůůďĞ
ƵƉƚŽLJŽƵƚŽĚĞƚĞƌŵŝŶĞǁŚŝĐŚŽƉƟŽŶŵĂŬĞƐƚŚĞ
ŵŽƐƚƐĞŶƐĞĨŽƌLJŽƵƌƐƉĞĐŝĮĐƐŝƚƵĂƟŽŶ͘
OPTION 1 - SAMPLE OVERLAY
tĞƐĞůĞĐƚĂŶĞdžŝƐƟŶŐĚĞƐŝŐŶĨƌŽŵŽƵƌůŝďƌĂƌLJ
ƚŚĂƚŵĞĞƚƐƚŚĞŐĞŶĞƌĂůƐƚLJůĞĂŶĚƐŝnjĞLJŽƵ͛ƌĞ
ƐŚŽŽƟŶŐĨŽƌĂŶĚŽǀĞƌůĂLJŝƚŽŶƚŽƉŽĨĂ'ŽŽŐůĞ
ĂƌƚŚŝŵĂŐĞŽĨLJŽƵƌƐŝƚĞ͘tĞƌĞŶĚĞƌƐŽŵĞŶŝĐĞ
ƉůĂĐĞŚŽůĚĞƌŝŵĂŐĞƐƚŽĂŝĚLJŽƵƌĨƵŶĚƌĂŝƐŝŶŐ
ĞīŽƌƚƐ͕ďƵƚŚŽůĚŽīŽŶĐƌĞĂƟŶŐƚŚĞĮŶĂůĐƵƐƚŽŵ
ĚĞƐŝŐŶƵŶƟůƚŚĞĨƵŶĚŝŶŐƉŝĐƚƵƌĞŝƐŵŽƌĞĐůĞĂƌ ͘
dŚŝƐŝƐƚŚĞƉƌŽďŽŶŽ;ŶŽĐŽƐƚͿŽƉƟŽŶ͘
OPTION 2 - CUSTOM DESIGN
/ĨLJŽƵŚĂǀĞĂƵŶŝƋƵĞƐŝƚĞŽƌǀŝƐŝŽŶĂŶĚĚŽŶ͛ƚ
ƚŚŝŶŬƉůĂĐĞŚŽůĚĞƌŝŵĂŐĞƐǁŝůůĚŽƚŚĞƚƌŝĐŬ͕ǁĞ
ĐĂŶĐƌĞĂƚĞĂĐƵƐƚŽŵĚĞƐŝŐŶĂŶĚĐŽƌƌĞƐƉŽŶĚŝŶŐ
ĐŽƐƚĞƐƟŵĂƚĞĨƌŽŵƐĐƌĂƚĐŚ͘dLJƉŝĐĂůůLJƚŚŝƐ
ĂƉƉƌŽĂĐŚǁŽƵůĚĂůƐŽŝŶĐůƵĚĞŝŶͲƉĞƌƐŽŶŵĞĞƟŶŐƐ
ĂŶĚĐŽŵŵƵŶŝƚLJĚĞƐŝŐŶǁŽƌŬƐŚŽƉƐ͘
^ŝŶĐĞƚŚŝƐŽƉƟŽŶƌĞƋƵŝƌĞƐĐƵƐƚŽŵĚĞƐŝŐŶǁŽƌŬ͕
we have to charge a fee for our services.
SPOHN RANCH, INC. | DESIGN. BUILD. COME TOGETHER.
[email protected] | 626.330.5803 | 6824 S CENTINELA AVE. LOS ANGELES, CA 90230
BREAKDOWN
TYPICAL
FUNDING
FUNDING SOURCES
STEP 5. FUNDRAISING
ƐƉĂƌƚŽĨŽƵƌĐŽƐƚĞƐƟŵĂƟŶŐƉƌŽĐĞƐƐ͕^ƉŽŚŶZĂŶĐŚǁŝůůŐƵŝĚĞLJŽƵƚŚƌŽƵŐŚĂƉƌŽĐĞƐƐŽĨŝĚĞŶƟĨLJŝŶŐŽƉƉŽƌƚƵŶŝƟĞƐĨŽƌŝŶͲŬŝŶĚŵĂƚĞƌŝĂůͬƐĞƌǀŝĐĞ ĚŽŶĂƟŽŶƐĨƌŽŵƚŚĞĐŽŵŵƵŶŝƚLJŽƌŶŽŶͲƐƉĞĐŝĂůƚLJǁŽƌŬƚŚĂƚĐĂŶďĞĞdžĞĐƵƚĞĚďLJŵƵŶŝĐŝƉĂůƌĞƐŽƵƌĐĞƐ͘dĂƉƉŝŶŐŝŶƚŽĐŽŵŵƵŶŝƚLJŽƌŵƵŶŝĐŝƉĂů ƌĞƐŽƵƌĐĞƐĐĂŶƐƚƌĞƚĐŚƚŚĞďƵĚŐĞƚĂŶĚƌĞƐƵůƚŝŶŵŽƌĞĨĞĂƚƵƌĞƐĂŶĚƐƋƵĂƌĞĨŽŽƚĂŐĞ͘
IN-KIND DONATIONS
WƌŝǀĂƚĞĚŽŶĂƟŽŶƐƚLJƉŝĐĂůůLJĚŽŶ͛ƚŵĂŬĞƵƉĂůĂƌŐĞĐŚƵŶŬŽĨƚŚĞƐŬĂƚĞƉĂƌŬĨƵŶĚŝŶŐƉŝĞ͕ďƵƚǁŚĂƚƚŚĞLJůĂĐŬŝŶĚŽůůĂƌĂŵŽƵŶƚƐ͕ƚŚĞLJŵŽƌĞƚŚĂŶ ŵĂŬĞƵƉĨŽƌďLJƌĂŝƐŝŶŐĐŽŵŵƵŶŝƚLJĂǁĂƌĞŶĞƐƐĂŶĚĐƌĞĂƟŶŐĂƐĞŶƐĞŽĨŽǁŶĞƌƐŚŝƉƚŚĂƚďĞŶĞĮƚƐƚŚĞƐŬĂƚĞƉĂƌŬĨŽƌŝƚƐĞŶƟƌĞůŝĨĞƐƉĂŶ͘tŚĞƚŚĞƌ ŝƚ͛ƐĂůŽĐĂůĐŽƌƉŽƌĂƟŽŶŽƌĂǁĞĂůƚŚLJĐŽŵŵƵŶŝƚLJŵĞŵďĞƌ͕^ƉŽŚŶZĂŶĐŚǁŝůůŚĞůƉLJŽƵƌĞĐŽŐŶŝnjĞƚŚĞƐĞŝŵƉŽƌƚĂŶƚĚŽŶŽƌƐĂƚƚŚĞƐŬĂƚĞƉĂƌŬ͛Ɛ ĞŶƚƌĂŶĐĞŽƌǀŝĂĂƵŶŝƋƵĞƐŬĂƚĞĂďůĞƐĐƵůƉƚƵƌĞ͘
PRIVATE FUNDS
dŚĞŵĂũŽƌŝƚLJŽĨƐƚĂƚĞƐŚĂǀĞŐƌĂŶƚƉƌŽŐƌĂŵƐǁŚŝĐŚĂƐƐŝƐƚůŽĐĂůŐŽǀĞƌŶŵĞŶƚƐŝŶƉƌŽǀŝĚŝŶŐƚŚĞŝƌĐŝƟnjĞŶƐǁŝƚŚƌĞĐƌĞĂƟŽŶĂůŽƉƉŽƌƚƵŶŝƟĞƐ͘KƵƌ ŚŽŵĞƐƚĂƚĞŽĨĂůŝĨŽƌŶŝĂŚĂƐĨƵŶĚĞĚƐĞǀĞƌĂůƐŬĂƚĞƉĂƌŬƉƌŽũĞĐƚƐǁŝƚŚƚŚĞ͞WƌŽƉŽƐŝƟŽŶϴϰ͟ĂŶĚ͞WƌŽƉŽƐŝƟŽŶϲϴ͟ƉĂƌŬƉƌŽŐƌĂŵƐ͕ŽůŽƌĂĚŽŝƐ ŬŶŽǁŶĨŽƌŝƚƐ͞'ƌĞĂƚKƵƚĚŽŽƌƐŽůŽƌĂĚŽ͟ůŽƩĞƌLJƐLJƐƚĞŵĂŶĚ/ůůŝŶŽŝƐ͛K^>ƉƌŽŐƌĂŵĂǁĂƌĚĞĚнΨϮϱDĨŽƌƉĂƌŬĂŶĚƌĞĐƌĞĂƟŽŶƉƌŽũĞĐƚƐŝŶ ϮϬϭϵ͘^ƉŽŚŶZĂŶĐŚǁŝůůŚĞůƉLJŽƵƌĞƐĞĂƌĐŚƐƉĞĐŝĮĐŽƉƉŽƌƚƵŶŝƟĞƐŝŶLJŽƵƌƐƚĂƚĞĂŶĚƉƌŽǀŝĚĞƚŚĞŶĞĐĞƐƐĂƌLJŵĂƚĞƌŝĂůƐĨŽƌŐƌĂŶƚĂƉƉůŝĐĂƟŽŶƐ͘ GRANTS
SPOSPOSPOS HNHNHNHNHNN RANRANRANRANRANCH,CH,CH,CH,H,C INININNINC.C.C.C. |||| DEDEDEDEDESIGSIGSIGSIGSIGSIGN.N.N.N.N.N BUIBUIBUIBUIBU LD.LD.LD.LD.LD. COCOCOCOCOC ME ME ME ME M TOGTOGTOGTOGTOGETHETHETHTHE ER.ER.ER.ER.ER INFINFININFNFO@SO@SO@SO@SO@ POHPOHPOHPOHOHNRANRANRANRAANCHNCHNCHNCHNCH.CO.CO.CO.CO.COM M M M MM |||| 626626626626626.33.33.333330.50.50.50.50.50 80380380380303 ||||| 6666824824824824824824 SSSSS CENCENCENCENTINTINTINNTINTINELAELAELAELAELA AVAVAVAVAVAVE.E.E.EE. LOSLOSLOSLOSL ANANANANANNGELGELGELGELGELG ES,EES,ES,ES CACACACA 90909090230230230230 ƐƐƐƐƐƉƉƉƉĂƌĂƌĂƌĂĂƌƚƚƚƚŽĨŽĨŽĨŽĨŽĨŽŽŽŽƵƌƵƌƵƌƵƌĐĐĐĐŽƐŽƐŽƐŽŽƐƚƚƚƚ ĞƐĞƐĞƐĞƐƟŵƟŵƟŵƟŵƟŵĂƟĂƟĂƟĂƟĂƟĂ ŶŐŶŐŶŐŶŐŶŐŐ ƉƉƉƉƉƌŽƌŽƌŽƌŽƌ ĐĞĐĞĐĞĐĞĐ ƐƐƐƐƐƐƐƐ͕͕͕͕͕ ^Ɖ^Ɖ^Ɖ^Ɖ^ ŽŚŽŚŽŚŽŚŽ ŶŶŶŶŶ ZĂZĂZĂZĂZĂŶĐŶĐŶĐŶĐŶĐŚŚŚŚŚ ǁŝǁŝǁŝǁŝǁ ůůůůůůůůŐŐŐŐŐŐƵŝƵŝƵŝƵŝĚĞĚĞĚĞĚĞĚĞLJLJLJLJLJŽƵŽŽƵŽƵƚƚƚƚŚƌŚƌŚƌƌŽƵŽƵŽƵŽƵŐŚŐŚŐŚŐŚĂĂĂĂ ƉƉƉƉƌŽƌŽƌƌŽĐĞĐĞĐĐĐĞƐƐƐƐƐƐƐŽŽŽŽŽĨĨĨĨĨ ŝĚŝĚŝĚŝĚĚŝ ĞŶĞŶĞŶĞŶĞ ƟĨƟĨƟĨƟĨƟĨLJŝLJŝLJŝLJŝŶŐŶŐŐŶŐŶŐŶ ŽŽŽŽŽƉƉƉƉƉƉƉƉƉƉƉŽƌŽƌŽƌŽƌŽ ƚƵƚƵƚƵƚƵƚƵŶŝŶŝŶŝŶŝŶŝŝƟĞƟĞƟĞƟĞƟ ƐƐƐƐ ĨŽĨŽĨŽĨŽĨŽƌƌƌƌƌ ŝŶŝŶŝŶŝŶͲŬͲŬͲŬͲŬͲŬŝŶŝŶŝŶŝŶŶĚĚĚĚŵĂŵĂŵĂŵĂŵĂƚĞƚĞƚĞƚĞƚĞƌŝƌŝƌƌŝƌŝĂůĂůĂůĂůĂ ͬƐͬƐͬƐͬƐͬƐĞƌĞƌĞƌĞƌĞƌǀŝǀŝǀŝǀŝŝĐĞĐĞĐĞĐĞ ĚŽĚŽĚĚŽĚŽŶĂŶĂŶĂĂŶ ƟŽƟŽƟŽƟŽƟ ŶƐŶƐŶƐŶƐƐ ĨĨĨĨƌŽƌŽƌŽƌŽŽŵŵŵŵ ƚŚƚŚƚƚŚƚŚĞĞĞĞ ĐŽĐŽĐŽĐŽĐŽŵŵŵŵŵŵŵŵŵŵƵŶƵŶƵŶƵŶƵŶŝƚŝƚŝƚŝƚƚLJLJLJLJLJLJ ŽƌŽƌŽƌŽƌŽ ŶŶŶŶŶŽŶŽŶŽŶŽŶŽŽ ͲƐͲƐͲƐͲƐƐƉĞƉĞƉĞƉĞĐŝĐŝĐŝĐŝĂůĂůĂůƚLJƚLJƚLJƚLJǁǁǁǁǁǁŽƌŽƌŽƌŽƌƌŬŬŬŬƚŚƚŚƚŚŚƚ ĂƚĂƚĂƚĂƚĂ ĐĐĐĐĐĂŶĂŶĂŶĂŶďďďďďĞĞĞĞ ĞdžĞdžĞdžĞĐĞĐĞĐĞĐƵƚƵƚƵƚƵƚƚĞĚĞĚĞĚĞĚďďďďLJLJLJLJŵƵŵƵŵƵŵ ŶŝŶŝŶŝĐŝĐŝĐŝƉĂƉĂƉĂƉĂĂůůůůů ƌĞƌĞƌĞƌĞƌĞƐŽƐŽƐŽƐŽƐŽƵƌƵƌƵƵƌƵƌƌĐĞĐĞĐĞĐĞĞƐ͘Ɛ͘ƐƐ͘dddddĂƉĂƉĂƉĂƉĂƉƉŝƉŝƉŝƉŝƉŝŶŐŶŐŶŐŶŐŝŝŝŶƚŶƚŶƚŶƚŶƚŽŽŽŽĐŽĐŽĐŽĐŽŵŵŵŵŵŵŵŵŵŵ ƵŶƵŶƵŶƵŶƵŶŝƚŝƚŝƚŝƚƚLJLJLJLJLJŽƌŽƌŽƌŽƌŽ ŵŵŵŵƵŶƵŶƵŶƵŶŶŝĐŝĐŝĐŝĐŝĐŝƉŝƉŝƉŝƉŝ ĂůĂůĂůĂů ƌĞƌĞƌĞƌĞƌ ƐŽƐŽƐŽƐŽƵƌƵƌƵƌƵƌĐĞĐĞĐĞĐĞƐƐƐƐĐĂĐĂĐĂĐĂĐ ŶŶŶŶ ƐƚƐƚƐƚƐƚƌĞƌĞƌĞƌĞƌĞƚĐƚĐƚĐƚĐĐŚŚŚŚŚ ƚŚƚŚƚŚƚŚƚŚĞĞĞĞ ďƵďƵďƵďƵƵĚŐĚŐĚŐĚŐĚ ĞƚĞƚĞƚĞƚĞ ĂĂĂĂŶĚŶĚŶĚŶĚŶ ƌƌƌƌĞƐĞƐĞƐĞƐƵůƵůƵůƵƵ ƚƚƚƚ ŝŶŝŶŝŶŶŶ ŵŵŵŵŵŽƌŽƌŽƌŽ ĞĞĞĞĞ ĨĞĨĞĨĞĨĞĨĞĂƚĂƚĂƚĂƚĂ ƵƌƵƌƵƵ ĞƐĞƐĞƐĞƐĞ ĂĂĂĂŶĚŶĚŶĚŶĚƐƐƐƋƵƋƵƋƵƋ ĂƌĂƌĂƌƌĞĞĞĞ ĨŽĨŽĨŽĨŽŽƚŽƚŽƚŽƚŽƚĂŐĂŐĂŐĂŐĞ͘Ğ͘ĞĞ
IIIIINNNNN----KKKKIIIINNNNNDDDDD DDDDDOOOOOONNNNNNAAAAAATTTTTTIIIIIOOOOONNNNNNSSSSS WƌWƌWƌWƌŝǀŝǀŝǀŝǀŝǀĂƚĂƚĂƚĂĂ ĞĞĞ ĚŽĚŽĚŽĚŽĚ ŶĂŶĂŶĂĂƟŽƟŽƟŽƟŽƟ ŶƐŶƐŶƐŶƐƚƚƚƚLJƉLJƉLJƉLJƉLJƉŝĐŝĐŝĐŝĐĐŝĐĂůĂůĂůĂůĂůĂ ůLJůLJůLJůLJLJLJ ĚĚĚĚĚŽŶŽŶŽŶŽŶŽ ͛ƚ͛ƚ͛ƚ͛ƚŵŵŵŵŵĂŬĂŬĂŬĂŬĂ ĞĞĞĞĞ ƵƉƵƉƵƉƵƉƵƉĂĂĂĂĂ ůůůůĂƌĂƌĂƌĂƌĂƌŐĞŐĞŐĞŐĞĐĐĐĐŚƵŚƵŚƵŚƵƵŚƵŶŬŶŬŶŬŶŶŬŬ ŽŽŽŽĨĨĨĨĨ ƚŚƚŚƚŚƚŚƚŚĞĞĞĞĞ ƐŬƐŬƐŬƐŬƐŬĂƚĂƚĂƚĂƚƚĞƉĞƉĞƉĞƉĞƉĂƌĂƌĂƌĂƌĂƌŬŬŬŬŬ ĨƵĨƵĨƵĨƵŶĚŶĚŶĚŶĚŝŶŝŶŝŶŝŶŶŐŐŐŐŐƉŝƉŝƉƉ Ğ͕Ğ͕Ğ͕ďďďďƵƚƵƚƵƚƵƚǁǁǁǁǁŚĂŚĂŚĂŚĂŚ ƚƚƚƚ ƚŚƚŚƚŚƚŚĞLJĞLJĞLJĞLJĞ ůůůĂĐĂĐĂĐĂĐĂ ŬŬŬŬ ŝŶŝŶŝŶŝŶ ĚĚĚĚĚŽůŽůŽůŽůŽ ůĂůĂůĂĂĂƌƌƌƌ ĂŵĂŵĂŵĂŵĂ ŽƵŽƵŽƵŽƵŽƵŶƚŶƚŶƚŶƚŶƚƐ͕Ɛ͕ƐƐ͕Ɛ͕ƚƚƚƚƚŚĞŚĞŚĞŚĞŚĞLJLJLJLJLJŵŽŵŽŵŽŵŽƌĞƌĞƌĞƌĞƚƚƚƚƚŚĂŚĂŚĂŚĂŚ ŶŶŶŶ ŵĂŵĂŵĂŵŵ ŬĞŬĞŬĞŬŬĞƵƵƵƵƉƉƉƉƉĨŽĨŽĨŽĨŽĨ ƌƌƌƌ ďLJďLJďLJďLJďLJƌƌƌƌƌĂŝĂŝĂĂŝĂŝƐŝƐŝƐŝƐŝŶŐŶŐŶŐŶŐŐŶ ĐĐĐĐĐŽŵŽŵŽŵŽŵŵƵŵƵŵƵŵƵŵƵŶŝŶŝŶŝŶŝŶ ƚLJƚLJƚLJƚLJƚ ĂĂĂĂǁĂǁĂǁĂǁĂǁĂƌĞƌĞƌĞƌĞƌĞŶĞŶĞŶĞŶĞŶĞƐƐƐƐƐƐƐƐƐƐĂĂĂĂĂĂŶĚŶĚŶĚŶĚŶ ĐĐĐĐƌĞƌĞƌĞƌĞĂƟĂƟĂƟĂƟĂƟŶŐŶŐŶŐŶŐŶŐĂĂĂĂ ƐƐƐƐĞŶĞŶĞŶĞŶƐĞƐĞƐĞƐĞƐ ŽŽŽŽĨĨĨĨĨ ŽǁŽǁŽǁŽŽǁŶĞŶĞŶĞŶĞƌƐƌƐƌƐƌƐŚŝŚŝŚŚŝƉƉƉƉƚŚƚŚƚŚƚŚĂƚĂƚĂƚĂƚďďďďďĞŶĞŶĞŶĞŶĞŶĞĮĞĮĞĮĞĮĞĮƚƐƚƐƚƐƚƚƐƚƚƚƚŚĞŚĞŚĞĞĞ ƐƐƐƐŬĂŬĂŬĂŬĂŬŬ ƚĞƚĞƚĞƚĞƚĞƚ ƉĂƉĂƉĂƉĂƉĂƌŬƌŬƌŬŬƌŬĨĨĨĨĨŽƌŽƌŽƌŽƌƌ ŝŝŝŝƚƐƚƐƚƐƚƐƚƐĞĞĞĞŶƟŶƟŶƟŶƟŶƟŶ ƌĞƌĞƌĞƌĞůůůůŝĨŝĨŝĨŝĨĞƐĞƐĞƐĞƐĞƐƉĂƉĂƉĂƉĂƉ Ŷ͘Ŷ͘Ŷ͘Ŷ͘Ŷ͘tttttŚĞŚĞŚĞŚĞŚĞƚŚƚŚƚŚƚŚƚŚĞƌĞƌĞƌĞƌĞƌ ŝƚŝƚŝƚŝƚ͛Ɛ͛Ɛ͛Ɛ͛ƐĂĂĂĂ ůůůŽĐŽĐŽĐŽĐĂůĂůĂůůĂ ĐĐĐĐŽƌŽƌŽƌŽƌŽ ƉŽƉŽƉŽƉŽƌĂƌĂƌĂƌĂƟŽƟŽƟŽƟƟŽŶŶŶŶ ŽƌŽƌŽƌŽƌŽƌŽ ĂĂĂĂĂĂ ǁǁǁǁǁĞĂĞĂĞĂĞĂůƚůƚůƚůƚŚLJŚLJŚLJŚLJĐĐĐĐĐŽŵŽŵŽŵŽŵŽŵŵƵŵƵŵƵŵƵŵƵŶŝŶŝŶŝŶŝŶ ƚLJƚLJƚLJƚLJƚLJŵŵŵŵŵĞŵĞŵĞŵĞŵĞŵŵďĞďĞďĞďĞď ƌ͕ƌ͕ƌ͕ƌ͕^^^^^ƉŽƉŽƉŽƉŽƉŽŚŶŚŶŚŶŚŶŚŶZZZZZĂŶĂŶĂŶŶĐŚĐŚĐŚĐŚĐŚǁǁǁǁǁŝůŝůŝůŝůůůůů ŚĞŚĞŚĞŚĞůƉůƉůƉůƉƉ LJLJLJLJŽƵŽƵŽƵŽƵƌƌĞĐĞĐĞĐĞĐŽŐŽŐŽŐŽŐŐŶŝŶŝŶŝŶŝŶŝŶ njĞnjĞnjĞnjĞnj ƚƚƚƚƚŚĞŚĞŚĞŚĞŚ ƐĞƐĞƐĞĞĞ ŝŝŝŝŵƉŵƉŵƉŵƉƉŵ ŽƌŽƌŽƌŽ ƚĂƚĂƚĂĂĂŶƚŶƚŶƚŶŶ ĚĚĚĚŽŶŽŶŽŶŶŶŽ ŽƌŽƌŽƌŽƌŽƌƐƐƐƐ ĂƚĂƚĂƚĂƚĂ ƚƚƚƚŚĞŚĞŚĞŚĞƐƐƐƐƐŬĂŬĂŬĂŬĂŬŬĂƚĞƚĞƚĞƚĞƚĞƉĂƉĂƉĂƉĂƉĂƌŬƌŬƌŬƌŬƌŬ͛Ɛ͛Ɛ͛Ɛ͛Ɛ͛Ɛ ĞŶĞŶĞŶĞŶƚƌƚƌƚƌƌƚƌĂŶĂŶĂŶĂŶĐĞĐĞĐĞĐĞĐ ŽŽŽŽŽƌƌƌƌǀŝǀŝǀǀŝǀŝĂĂĂĂ ĂĂĂĂ ƵŶƵŶƵŶƵŶŝƋŝƋŝƋŝƋŝƋƋƵĞƵĞƵĞƵĞĞƵĞƐƐƐƐŬĂŬĂŬĂŬĂŬĂŬĂƚĞƚĞƚĞƚĞƚĞĂďĂďĂďĂďĂďůĞůĞůĞĞ ƐƐƐƐƐĐƵĐƵĐƵĐƵůƉůƉůƉůƉƉƚƵƚƵƚƵƚƵƚƵƌĞƌĞƌĞƌĞƌĞ͘͘͘
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SPOHN RANCH, INC. | DESIGN. BUILD. COME TOGETHER.
[email protected] | 626.330.5803 | 6824 S CENTINELA AVE. LOS ANGELES, CA 90230 spohn ranch
has spent 3 decades
mastering a broad range of
techniques specific to
creatING the highest-quality
skatepark terrain possible
STEP 6. DESIGN + CONSTRUCTION
SPOSPOSPOSP HNHNHNHNHNN RANRANRANRANRANCH,CH,CH,CH,CH,C INININNINCC.C.C. |||| DEDEDEDEESIGSIGSIGSIGSIGIGN.N.N.N.N.N BUIBUIBUIBUIBUU LD.LD.LD.LD.LD. COCOCOCOCOCOME ME ME ME M TOGTOGTOGTOGTOGETHETHTHETHE ER.ER.ERER.ER.
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SPOHN RANCH, INC. | DESIGN. BUILD. COME TOGETHER.
[email protected] | 626.330.5803 | 6824 S CENTINELA AVE. LOS ANGELES, CA 90230 STEP 7. GO SKATE!
SPOSPOSPOSP HNHNHNHNHNN RANRANRANRANRANCH,CH,CH,CH,CH,C INININNINCC.C.C. |||| DEDEDEDEESIGSIGSIGSIGSIGIGN.N.N.N.N.N BUIBUIBUIBUIBUU LD.LD.LD.LD.LD. COCOCOCOCOCOME ME ME ME M TOGTOGTOGTOGTOGETHETHTHETHE ER.ER.ERER.ER.
INFINFINFNFIN O@SO@SO@SO@SO@ POHPOHPOHPOHOHNRANRANRANRAANCHNCHNCHNCHNCH.CO.CO.CO.CO.COM M M M MM ||| 626626626626626.33.3333.33330.50.50.50.5050 8038038030303 |||| 6666824824824824824824 SSSS CENCENCENCENTINTINTINNTINNELAELAELAELAEL AVAVAVAVAVAVE.E.E.EE LOSLOSLOSLOSL ANANANANANNGELGELGELGELGELES,ES,ES,ES,ES, CACACACAA 90909090230230230230 YOUR HARD WORK HAS PAID OFF AND THERE’S NOTHING LEFT TO DO EXCEPT ENJOY THE SKATEPARK.
IF YOU RESPECT THE FACILITY AND HELP KEEP IT CLEAN, THERE’S A GOOD CHANCE YOUR MUNICIPALITY WILL CONSIDER ADDITIONAL SKATEPARKS IN OTHER NEIGHBORHOODS.
CONSENT CALENDAR 8.G.
DATE: January 23, 2024
TO: Mayor and Members of the City Council
FROM: Terrance Davis, Assistant City Manager
Flor Magallanes, Administrative Analyst
SUBJECT: ADOPT A RESOLUTION AUTHORIZING THE REALLOCATION OF $53,000 IN CYCLE 7 UNSPENT FUNDS FROM THE "REENTRY PROGRAM FOR OFFENDERS" PROJECT TO THE "RESCUE EQUIPMENT AND TRAILER" PROJECT
RECOMMENDATION
Adopt a resolution authorizing the reallocation of $53,000 in Cycle 7 unspent funds from the “Reentry Program for Offenders” project to the “Rescue Equipment & Trailer” project.
REASONS FOR RECOMMENDATION
Per Resolution No. 21-126, the Reentry Program for Offenders project was allocated $53,000 of Cycle 7 Participatory Budgeting (PB) funds. The project's implementing partner, Solano County Probation Department’s Center for Positive Change, communicated with City staff that it was unable to execute this project and refunded the entire PB allocation for the project.
The Participatory Budgeting Rulebook provides that funding can be reallocated to the next top-voted project.
From the Cycle 7 vote results, the next top-voted project is the “Rescue Equipment &Trailer” project.
Council action is needed to accept the staff recommendation recognizing the project as a winning project and to transfer the unspent funds.
BACKGROUND AND DISCUSSION
The Cycle 7 Participatory Budgeting process began in 2019, with voting set to take place in April 2020. Due to COVID-19, the voting was paused.
In May 2021, the Participatory Budgeting Steering Committee recommended that the vote take place from September 7 – October 7, 2021.
Community-Selected Projects
Eight of the eleven projects on the Cycle 7 PB ballot were able to be fully funded based on the available PB Cycle 7 project budget of $547,000. .
Project Amount Requested Total
Votes
Basic Need Resources and Services for
Homeless
$75,000 545
No Child Goes Hungry $74,800 535
Animals Matter Project $75,000 480
Foster Youth Support Services $75,000 474
Meals on Wheel - Senior Nutrition Program $55,950 399 Firefighter Youth Academy $60,000 329
Date: January 23, 2024
Subject: ADOPT A RESOLUTION AUTHORIZING THE REALLOCATION OF $53,000 IN CYCLE 7 UNSPENT FUNDS FROM THE "REENTRY PROGRAM FOR OFFENDERS" PROJECT TO THE "RESCUE EQUIPMENT AND TRAILER" PROJECT