Hybrid Options are available for members of the public to participate. To participate remotely:
https://ZoomRegular.CityofVallejo.net
Option to join by phone:
Dial (669) 900-6833
Enter Meeting ID: 914 0075 0676#
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VALLEJO CITY COUNCIL
REGULAR MEETING – 7:00 PM
COUNCIL CHAMBERS
555 Santa Clara Street, Vallejo, California
MAY 14, 2024
NOTICE: Members of the Public will be able to participate in-person or remotely via Zoom.
City Hall and the Council Chambers will be open to members of the public 30 minutes prior to the start of the meeting.
PUBLIC COMMENT: Members of the Public may provide public comments during the City Council Meeting in person or via ZOOM
(https://ZoomRegular.Cityofvallejo.net), or via phone, by dialing (669) 900-6833.
For additional instructions on how to speak remotely during public comment, please visit, www.cityofvallejo.net/publiccomment
VIEW THE MEETING:
here are four different ways you can view this public meeting:
• In Person
• Watch Vallejo local channel 28
• Stream from the City website: www.cityofvallejo.net/Streaming • Join the Zoom webinar:https://ZoomRegular.Cityofvallejo.net
Vallejo City Council Chambers ADA compliant. Devices for the hearing impaired are available from the City Clerk. Requests for disability related modifications or accommodations, aids or services may be made by a person with a disability to the City Clerk's office no less than 72 hours prior to the meeting as required by Section 202 of the Americans with Disabilities Act of 1990 and the federal rules and regulations adopted in implementation thereof.
1. CALL TO ORDER
2. ROLL CALL
3. PLEDGE OF ALLEGIANCE
4. REPORT OUT OF CLOSED SESSION
5. PRESENTATIONS AND COMMENDATIONS
A. PRESENTATION OF A PROCLAMATION RECOGNIZING MAY 2024 AS
TOURISM MONTH IN VALLEJO
B. PRESENTATION OF A PROCLAMATION HONORING OUR FALLEN
HEROES ON MEMORIAL DAY - MAY 27, 2024
6. FIRST COMMUNITY FORUM
The Community Forum is an opportunity to address the Council on any matter for which another opportunity to speak is not provided on the agenda, and which is within the jurisdiction of the Council to resolve. Any interested members of the public desiring to communicate with the City Council as part of the First Community Forum may do so in person by signing in to the Public Speaker's kiosk located in the back of the Council Chambers or via ZOOM:(https://ZoomRegular.Cityofvallejo.net), Option to join by phone: Dial (669) 900-6833. Enter Meeting ID: 914 0075 0676#. Press * 9 to digitally raise your hand from the phone. Press *6 to unmute/mute. For additional instructions on how to speak remotely during public comment, please visit, www.cityofvallejo.net/publiccomment. In person speakers will be recognized first. When called upon, each speaker should step to the podium, state his/her name for the record. The conduct of the community forum shall be limited to a maximum of fifteen (15) minutes, with each speaker limited to a maximum of three minutes pursuant to Vallejo Municipal Code Section 2.02.300.
7. PUBLIC COMMENT REGARDING CONSENT CALENDAR ITEMS
Members of the public wishing to address the Council on Consent Calendar items may do so in person by signing in to the Public Speaker's kiosk located in the back of the Council Chambers or via ZOOM:(https://ZoomRegular.Cityofvallejo.net), Option to join by phone: Dial (669) 900-6833. Enter Meeting ID: 914 0075 0676#. Press * 9 to digitally raise your hand from the phone. Press *6 to unmute/mute. For additional instructions on how to speak remotely during public comment, please visit, www.cityofvallejo.net/publiccomment. In person speakers will be recognized first. Each speaker is limited to three minutes pursuant to Vallejo Municipal Code Section 2.02.310. Requests for removal of Consent Items received from the public are subject to approval by a majority vote of the Council. Items removed from the Consent Calendar will be heard immediately after approval of the Consent Calendar and Agenda
8. CONSENT CALENDAR AND APPROVAL OF AGENDA
A. APPROVAL OF MINUTES
Recommendation: Approve minutes for the special meetings of April 1, 16, 30, and May 7 and the special and regular meetings of April 23, 2024 Contact: Dawn G. Abrahamson, MMC, City Clerk (707) 648-4527 [email protected]
B. WAIVE FULL READING AND AUTHORIZING INTRODUCTIONS AND/OR
ADOPTION OF ORDINANCES BY TILE ONLY
Recommendation: Waive reading and authorize introductions and/or adoption of any and all ordinances on this agenda, if any, by title only. This is a standard procedural action so the City Council does not have to read an ordinance in its entirety.
Contact: Dawn G. Abrahamson, MMC, City Clerk (707) 648-4527 [email protected]
C. CITY TREASURER’S INVESTMENT REPORT
Recommendation:
Accept the City Treasurer’s Investment Report for the quarter ended March 31, 2024.
Contact: Rekha Nayar, Finance Director, (707) 648-4592
[email protected]
D. ADOPT A RESOLUTION APPROVING THE FIRST AMENDMENT TO THE SERVICES AGREEMENT WITH AMERICAN CHILLER SERVICE, INC. FOR
HVAC MAINTENANCE SERVICES AND AUTHORIZING THE CITY
MANAGER TO EXECUTE SAME
Recommendation: Adopt a Resolution approving the First Amendment to the Services Agreement with American Chiller Service, Inc. for HVAC maintenance services and authorizing the City Manager to execute same.
Contact: Melissa Tigbao, P.E., Public Works Director (707) 648-4433 [email protected]
E. ADOPT A RESOLUTION ACKNOWLEDGING RECEIPT OF THE 2023 FIRE
INSPECTION COMPLIANCE REPORT
Recommendation: Adopt a Resolution acknowledging receipt of the 2023 Fire Inspection Report.
Contact: Jason Ta, Interim Fire Chief
[email protected]
F. ADOPT RESOLUTIONS APPOINTING NATALIE PETERSON AS THE CITY
OF VALLEJO REPRESENTATIVE AND FLOR MAGALLANES AS THE CITY
OF VALLEJO ALTERNATIVE REPRESENTATIVE TO THE HOUSING FIRST
SOLANO CONTINUUM OF CARE AND TO THE TECHNICAL ADVISORY
COMMITTEE OF THE COMMUNITY ACTION PARTNERSHIP OF SOLANO
JOINT POWERS AUTHORITY
Recommendation: Adopt Resolutions appointing Natalie Peterson as the City of Vallejo representative and Flor Magallanes as the City of Vallejo alternative representative to the Housing First Solano Continuum of Care and to the Technical Advisory Committee of the Community Action Partnership of Solano Joint Powers Authority.
Contact:
Natalie Peterson, Assistant to the City Manager
[email protected] (707) 649-3415
G. ADOPT A RESOLUTION AMENDING THE CAPITAL GRANTS AND
CONTRIBUTION FUND #221 (PROJECT #PW9433) FISCAL YEAR 2023- 2024 BUDGET TO RECOGNIZE (1) SOLANO COUNTY AMERICAN
RESCUE PLAN ACT (ARPA) GRANT AWARD FUNDS IN THE AMOUNT OF $1,500,000; (2) HOMELESS HOUSING, ASSISTANCE AND PREVENTION PROGRAM ROUND 1 GRANT FUNDING IN THE AMOUNT OF $24,000; (3)
HOMELESS HOUSING ASSISTANCE AND PREVENTION PROGRAM
ROUND 2 GRANT FUNDING IN THE AMOUNT OF $63,367.21; (4)
HOMELESS HOUSING, ASSISTANCE AND PREVENTION PROGRAM
INTEREST GRANT FUNDING IN THE AMOUNT OF $20,799.48; AND (5)
HOUSING AND HOMELESSNESS INCENTIVE PROGRAM GRANT
FUNDING IN THE AMOUNT OF $50,329.82 AND APPROPRIATING FUNDS FOR CONSTRUCTION OF THE VALLEJO NAVIGATION CENTER (STEP 2 OF 2 STEP PROCESS)
Recommendation: Adopt a Resolution amending the Capital Grants and Contribution Fund #221 (Project # PW9433) fiscal year 2023-2024 budget to recognize (1) Solano County American Rescue Plan Act (ARPA) grant revenue and appropriate funds in the amount of $1,500,000; (2) Homeless Housing, Assistance and Prevention Program round 1 grant funding in the amount of $24,000; (3) Homeless Housing, Assistance and Prevention Program round 2 grant funding in the amount of $63,367.21; (4) Homeless Housing, Assistance and Prevention Program Interest grant funding in the amount of $20,799.48; and (5) Housing and Homelessness Incentive Program grant funding in the amount of $50,329.82 for construction of the Vallejo Navigation Center (Step 2 of 2-step process).
Contact: Gillian Haen, Assistant City Manager (707) 648-4163 [email protected]
H. ADOPT A RESOLUTION APPROVING A FIRST AMENDMENT TO THE
CONSULTANT AND PROFESSIONAL SERVICES AGREEMENT WITH
MUNICIPAL RESOURCE GROUP LLC TO ADD AN ADDITIONAL SERVICE
YEAR AND INCREASE COMPENSATION TO A NEW NOT TO EXCEED OF $160,000 AND AUTHORIZING THE CITY MANAGER TO EXECUTE SAME Recommendation: Adopt the resolution approving a First Amendment to the Consultant and Professional Services Agreement with Municipal Resources Group, LLC., to extend the current Agreement term 1 year, and add an additional $65,000 to the Agreement, for a new not-to-exceed total of $160,000 and authorize the City Manager to execute same.
Contact: Jason Ackley, Assistant to the City Manager
[email protected]
I. ADOPT A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
VALLEJO APPROVING A CONTRACT MODIFICATION WITH TRAVIS AIR
FORCE BASE TO APPROVE THE USE OF FUNDS THE CITY HAS
ACCUMULATED FROM TRAVIS OVER PAYMENTS AND TO UTILIZE THE
FUNDS FOR MUTUALLY AGREED UPON PRIORITY TREATMENT PLANT
PROJECTS AND AUTHORIZING THE CITY MANAGER TO EXECUTE THE SAME
Recommendation: Adopt a resolution of the City Council of the City of Vallejo approving a Contract Modification with Travis Air Force Base to approve the use of funds the City has accumulated from over Travis payments and to utilize the funds for mutually agreed upon priority treatment plant projects and authorizing the City Manager to execute the same.
Contact: Beth Schoenberger, Water Director
[email protected]
J. ACCEPT THE CITY-WIDE SIDEWALK AND CROSSWALK PEDESTRIAN INFRASTRUCTURE IMPROVEMENTS PROJECT (PROJECT NO. PW9432)
AND THE SAFE ROUTES TO SCHOOL RADAR FEEDBACK SIGNS &
CROSSWALK / RESTRIPING PROJECT (PROJECT NO. PW9711)
PERFORMED BY LISTER CONSTRUCTION, INC., AS COMPLETE, AND
AUTHORIZE THE CITY CLERK TO FILE A NOTICES OF COMPLETION
WITH THE SOLANO COUNTY RECORDER'S OFFICE
Recommendation: Accept the City-Wide Sidewalk and Crosswalk Pedestrian Infrastructure Improvements Project (Project No. PW3432) and Safe Routes to School Radar Feedback Signs and Crosswalk / Restriping Project (Project No.
PW3711) performed by Lister Construction, Inc, of Vacaville, California, as complete, and authorize the City Clerk to file Notices of Completion with the Solano County Recorder’s Office.
Contact: Melissa Tigbao, P.E., Public Works Director (707) 648-4433 [email protected]
K. ADOPT A RESOLUTION APPROVING A FIRST AMENDMENT TO THE
CONSULTANT AND PROFESSIONAL SERVICES AGREEMENT WITH
CAPITOL ADVOCACY PARTNERS EXTENDING THE TERM OF THE
AGREEMENT, INCREASING THE NOT TO EXCEED AMOUNT TO $295,000
AND AUTHORIZING THE CITY MANAGER TO EXECUTE THE SAME
Recommendation: Adopt a resolution approving a First Amendment to the Consultant and Professional Services Agreement with Capitol Advocacy Partners for Police Department grant services, increasing the agreement by $200,000 for new not to exceed amount totaling $295,000 and extending the agreement to end on June 30, 2025 and authorizing the City Manager to execute same.
Contact: Jason Ta, Interim Chief of Police (707) 648-4540 [email protected]
L. ADOPT A RESOLUTION ACCEPTING THE 2023 COMMUNITY-ORIENTED
POLICING TECHNOLOGY AND EQUIPMENT PROGRAM GRANT,
AUTHORIZE THE CITY MANAGER TO SIGN THE GRANT AGREEMENT
AND GIVING NOTICE OF INTENT TO AMEND FISCAL YEAR 2023-24 ADOPTED BUDGET IN THE AMOUNT OF $830,000
Recommendation:
1. Adopt a resolution accepting the Community Oriented Policing Services Fiscal Year 2023 Technology and Equipment Program grant award totaling $830,000.
2. As the first in a two-step process, provide notice of intent to amend the Fiscal Year 2023-24 adopted budget to recognize revenue and appropriate expenditures in the amount of $830,000.
Contact: Jason Ta, Interim Chief of Police (707) 648-4540 [email protected]
M. AUTHORIZE THE COUNCIL TO APPROVE A PROCLAMATION
DECLARING MAY AS OLDER AMERICANS MONTH
Recommendation: Authorize the City Council to approve a proclamation declaring May 2024 as Older Americans Month
Contact: Erik Rzomp, Executive Assistant to Mayor McConnell (707) 648-4377 [email protected]
N. APPROVE A PROCLAMATION DECLARING MAY 19-25, 2024 AS PUBLIC
WORKS WEEK
Recommendation: Approve a proclamation declaring May 19-24, 2024 as Public Works Week
Contact: Erik Rzomp, Executive Assistant to Mayor McConnell (707) 648-4377 [email protected]
O. ADOPT A RESOLUTION APPROVING AN ENVIRONMENTAL
CONSULTANT AGREEMENT WITH LSA ASSOCIATES, INC. TO PROVIDE
ENVIRONMENTAL CONSULTING SERVICES FOR THE VISTA COVE
PLANNED DEVELOPMENT AT A VACANT SITE OFF SHADY LANE AND WILDFLOWER AVENUE (APNs: 0079-171-170 and 0079-171-100) AND
AUTHORIZING THE CITY MANAGER TO EXECUTE SAME
Recommendation: Adopt a Resolution approving an Environmental Consultant Agreement with LSA Associates, Inc. to provide environmental consulting services for the Vista Cove Planned Development at a vacant site off Shady Lane and Wildflower Avenue (APNs: 0079-171-170 and 0079-171-100) and authorizing the City Manager to execute same.
Contact: Christina Ratcliffe, AICP, Planning and Development Services Director [email protected]
P. APPROVE A PROCLAMATION RECOGNIZING EDUCATION AND SHARING DAY
Recommendation: Approve a proclamation recognizing Education and Sharing Day.
Contact: Erik Rzomp, Executive Assistant to Mayor McConnell (707) 648-4377 [email protected]
Q. ADOPT A RESOLUTION (1) FINDING THE DISPATCH MODULAR
BUILDING PROJECT EXEMPT FROM THE CALIFORNIA ENVIRONMENTAL
QUALITY ACT (CEQA) PURSUANT TO CEQA GUIDELINES SECTIONS 15303 (CONSTRUCTION OR CONVERSION OF SMALL STRUCTURES)
AND 15304 (MINOR ALTERATIONS TO LAND); (2) FINDING AND
DETERMINING THAT IT IS IN THE BEST INTEREST OF THE CITY TO
AWARD A CONSTRUCTION CONTRACT WITHOUT USING A FORMAL
BIDDING PROCESS PURSUANT TO VALLEJO MUNICIPAL CODE
SECTION 3.20.080F; AND (3) APPROVING AND AWARDING A
CONSTRUCTION CONTRACT TO WHITLEY MANUFACTURING CO. IN THE AMOUNT OF $485,849 FOR THE PROJECT
Recommendation: Adopt a Resolution (1) finding the Dispatch Modular Building Project exempt from the the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Sections 15303 (Construction or Conversion of Small Structures) and 15304 (Minor Alterations to Land); (2) finding and determining that it is is in the best interest of the City to award a Construction Constracct without using a formal bidding process pursuant to Vallejo Municipal Code Section 3.20.080.F; and (3) approving and awarding a Construction Contract to Whitley Manufacturing Co. in the amount of $485,849 for the Project .
Contact: Melissa Tigbao, P.E., Public Works Director (707) 648-4433 [email protected]
9. ACTION CALENDAR
NOTICE: Members of the public wishing to address the Council on Action Calendar Items may do so in person by signing in to the Public Speaker's kiosk located in the back of the Council Chambers or via ZOOM (https://ZoomRegular.Cityofvallejo.net), or via phone, by dialing (669) 900-6833. Enter Meeting ID: 914 0075 0676#. Press *9 to digitally raise your hand from the phone. Press *6 to unmute/mute. For additional instructions on how to speak remotely during public comment, please visit, www.cityofvallejo.net/publiccomment. Each speaker is limited to five minutes pursuant to Vallejo Municipal Code Section 2.02.420 or as approved and announced by the Mayor. In person speakers will be recognized first.
A. ADOPT A RESOLUTION APPOINTING ANDREW MURRAY AS CITY
MANAGER, APPROVE AN EMPLOYMENT AGREEMENT BETWEEN THE
CITY OF VALLEJO AND ANDREW MURRAY AND AUTHORIZE THE
MAYOR TO EXECUTE SAME
Recommendation: Adopt a resolution appointing Andrew Murray as City Manager, approving an Employment Agreement between the City of Vallejo and Andrew Murray and authorizing the Mayor to execute same.
Contact: Stephanie Sifuentes, Human Resources Director (707) 649-4852 [email protected]
B. ADOPT A RESOLUTION AMENDING THE PARTICIPATORY BUDGETING
RULEBOOK TO IMPLEMENT A TWO-YEAR PARTICIPATORY BUDGETING CYCLE
Recommendation: Adopt a resolution amending the Participatory Budgeting Rulebook to implement a 2-year Participatory Budgeting Cycle Contact: Flor Magallanes, Administrative Analyst II
[email protected]
C. INTRODUCTION OF AN ORDINANCE AMENDING CHAPTER 2.36 OF THE
VALLEJO MUNICIPAL CODE RELATING TO THE ECONOMIC VITALITY
COMMISSION AND ADOPT A RESOLUTION RELATING TO THE MEETING
FREQUENCY FOR SAME
Recommendation:
1. Introduce an Ordinance of the City Council of the City of Vallejo Amending Chapter 2.36 of the Vallejo Municipal Code relating to the Economic Vitality Commission; and
2. Adopt a Resolution of the City Council of the City of Vallejo Relating to Meeting Frequency for the Economic Vitality Commission.
Contact: Veronica A.F. Nebb, City Attorney
[email protected]
D. PROVIDE NOTICE OF INTENT (STEP 1 OF 2) TO AMEND FISCAL YEAR 2023-2024 BUDGET IN THE AMOUNT OF $4,251,800 TOWARDS
CONSTRUCTION OF THE BROADWAY PROJECT
Recommendation: Provide notice of intent to amend Fiscal Year 2023-2024 Budget in the amount of $4,251,800 towards construction of the Broadway Project utilizing Measure P funding.
Contact: Gillian Haen, Assistant City Manager (707) 648-4163 [email protected]
10. INFORMATION CALENDAR
NOTICE: Members of the public wishing to address the Council on Information Calendar Items may do so in person by signing in to the Public Speaker's kiosk located in the back of the Council Chambers or via ZOOM
(https://ZoomRegular.Cityofvallejo.net), or via phone, by dialing (669) 900-6833. Enter Meeting ID: 914 0075 0676#. Press *9 to digitally raise your hand from the phone. Press *6 to unmute/mute. For additional instructions on how to speak remotely during public comment, please visit, www.cityofvallejo.net/publiccomment. Each speaker is limited to five minutes pursuant to Vallejo Municipal Code Section 2.02.420 or as approved and announced by the Mayor. In person speakers will be recognized first.
A. VALLEJO PASSENGER RAIL STUDY RESULTS PRESENTATION
Recommendation: Receive presentation and provide direction to staff. There is no staff report associated with this item
Contact: Melissa Tigbao, P.E., Public Works Director (707) 648-4526 [email protected]
B. RECEIVE AN UPDATE ON THE DECLARATION OF A STATE AND LOCAL
EMERGENCY RELATED TO PUBLIC SAFETY STAFFING
Recommendation: Receive an update on the public safety staffing emergency proclamation. This item is for informational purposes only. There is no staff report or action associated with this item.
Contact: Jason Ta, Interim Police Chief (707) 648-4540
[email protected]
11. CITY MANAGER’S REPORT
12. CITY ATTORNEY’S REPORT
13. COMMUNITY FORUM
Any interested members of the public desiring to communicate with the City Council as part of the last Community Forum may do so in person by signing in to the Public Speaker's kiosk located in the back of the Council Chambers or via ZOOM:(https://ZoomRegular.Cityofvallejo.net), Option to join by phone: Dial (669) 900-6833. Enter Meeting ID: 914 0075 0676#. Press * 9 to digitally raise your hand from the phone. For additional instructions on how to speak remotely during public comment, please visit, www.cityofvallejo.net/publiccomment. In person speakers will be recognized first.
14. REPORT OF THE PRESIDING OFFICER AND MEMBERS OF THE CITY COUNCIL
15. ADJOURNMENT
___________________________________________________________________________________________
ADDITIONAL CITY INFORMATION
Members of the public can:
Like us on Facebook and Instagram (@cityofvallejo)
Sign up to receive City Communications via e-mail (www.cityofvallejo.net/subscribe) Sign up for emergency alerts at: alertsolano.com
Dated: Wednesday, May 8, 2024
Robert H. McConnell, Mayor
I, Dawn Abrahamson, City Clerk do hereby certify that I have caused a true copy of the above notice and agenda to be delivered to each of the members of the Vallejo City Council, at the time and in the manner prescribed by law and that this agenda was posted at City Hall, 555 Santa Clara Street, CA at 5:00 p.m., Wednesday, May 8, 2024.
Dated: Wednesday, May 8, 2024
Dawn G. Abrahamson, City Clerk
Special City Council Meeting Minutes
April 1, 2024
Page | 1
VALLEJO CITY COUNCIL
SPECIAL MEETING MINUTES
APRIL 1, 2024
COUNCIL CHAMBERS
555 Santa Clara Street, Vallejo, California
1. CALL TO ORDER
The meeting was called to order at 6:00 p.m.
2. ROLL CALL
Present: Mayor McConnell, Vice Mayor Loera-Diaz, Councilmembers Arriola, Bregenzer, Matulac (participating virtually at the Executive Board Room, 1st Floor of Delta Hotels by Marriott Chicago Willowbrook, 7800 Kingery Highway, Willowbrook, IL 60527 in compliance with the Brown Act), Palmares, and Verder-Aliga
Absent: None
Staff present: City Manager Malone, City Attorney Nebb and City Clerk Abrahamson
3. ACTION CALENDAR
A. ADOPT A RESOLUTION APPROVING PROJECT PLANS AND
SPECIFICATIONS FOR THE LAKE DALWIGK PARK IMPROVEMENTS
PROJECT (PROJECT NO. PW9443) AFTER FINDING THE PROJECT
EXEMPT FROM ENVIRONMENTAL REVIEW PURSUANT TO CALIFORNIA ENVIRONMENTAL QUALITY ACT GUIDELINES SECTION 15301(c),
APPROVING AND AWARDING A CONSTRUCTION CONTRACT TO
GRADETECH INC. IN THE AMOUNT OF $3,152,882.41, INCLUDING A 5% CONTINGENCY OF $158,000, FOR A TOTAL CONTRACT AMOUNT OF $3,310,882.41, AND AUTHORIZING THE CITY MANAGER TO EXECUTE SAME
Recommendation: Adopt a Resolution approving project Plans and Specifications for the Lake Dalwigk Park Improvements Project (Project No.
PW9443) after finding the project exempt from environmental review pursuant to California Environmental Quality Act Guidelines Section 15301(c), approving and awarding a construction contract to GradeTech Inc. in the amount of $3,152,882.41, including a 5% contingency of $158,000, for a total contract amount of $3,310,882.41, and authorizing the City Manager to execute same.
Contact: Melissa Tigbao P.E., Public Works Director, (707) 648-4433 [email protected]
Transportation Manager Helmbrecht provided an overview of the staff report with a noted correction to the amounts of the awarded contract as the staff report contained an error and outlined the recommendation.
Staff responded to questions from Councilmembers.
Action: moved by Vice Mayor Loera-Diaz and carried unanimously to adopt Resolution No. 24-039 N.C. as revised to correct the amount awarded in the Special City Council Meeting Minutes
April 1, 2024
Page | 2
construction contract to GradeTech Inc., in the amount of $3,152,353.61, including a 5% contingency of $158,000 for a total contract amount of $3,310,353.61 and authorizing the City Manager to execute same.
B. ADOPT A RESOLUTION APPROVING A PROJECT LABOR AGREEMENT
WITH THE NAPA-SOLANO TRADES COUNCIL AND ITS AFFILIATED
UNIONS AND AUTHORIZING THE CITY MANAGER TO EXECUTE SAME Recommendation: Adopt a Resolution approving a Project Labor Agreement with the Napa Solano Building and Construction Trades Council and its affiliated local Unions and authorizing the City Manager to execute same..
Contact: Terrance Davis, Assistant City Manager (707-648-4301) [email protected]
City Manager Malone provided introductory comments.
Assistant City Manager Davis defined a Project Labor Agreement (PLA) and its purpose, outlined the legal basis for a PLA, cited related provisions, shared the benefits of a PLA and the value of workforce community elements, shared regional PLA examples, outlined the terms of the agreement and who the agreement would impact, and concluded the presentation by reviewing union recognition/non-union inclusion points.
Speakers: Steve McCall, Danny Bernardini (Napa Solano Business Trade), Alicia Mijares, Matthew Estipona, Lily Starling, Roy Notrangelo, Cassandra James, Akbar Bibb, Glenn Loveall and Jon Riley (Napa Solano Central Labor Council), David Calderon, Andrea Source, Mike Tebo, Eric Christen, Rex Hime, Pippin Dew, Susan S., and John G.
Staff responded to questions from Councilmembers. Councilmembers provided comment.
Action: moved by Vice Mayor Loera-Diaz and carried to adopt Resolution No.24-040 N.C. (Noes: McConnell).
City Attorney Nebb announced the Closed Session Item.
The Council convened into Closed Session at 7:44 p.m.
4. CLOSED SESSION
A. Conference with Legal Counsel - Existing Litigation Pursuant to California Government Code section 54956.9(d)(1): People v. City of Vallejo, et al. Solano County Superior Court, Case No. CU23-04676.
5. REPORT OUT OF CLOSED SESSION
The Council reconvened into open session at 8:37 p.m. and City Attorney Nebb reported Council provided direction to staff. There was no other action to report.
Special City Council Meeting Minutes
April 1, 2024
Page | 3
6. ADJOURNMENT
The meeting adjourned at 8:38 p.m.
________________________________
ROBERT H. MCCONNELL, MAYOR
ATTEST:
_________________________________
DAWN G. ABRAHAMSON, CITY CLERK
Special City Council Meeting Minutes
April 16, 2024
Page |
VALLEJO
VALLEJO CITY COUNCIL
SPECIAL MEETING MINUTES
APRIL 16, 2024
COUNCIL CHAMBERS
555 Santa Clara Street, Vallejo, California
.
1. CALL TO ORDER
The meeting was called to order at4:30 p.m.
2. ROLL CALL
Present: Mayor McConnell, Vice Mayor Loera-Diaz, Councilmembers Arriola, Bregenzer, Matulac, Palmares, and Verder-Aliga (arrived during Closed Session)
Absent: None
Staff present: City Attorney Nebb, City Clerk Abrahamson, Human Resources Director Sifuentes and Joe Gorton (Consultant)
Speakers: Robert G., HelenMarie Gordon, Tim Heimstra, and Steve Arnold The Council convened into Closed Session at 4:40 p.m.
3. CLOSED SESSION
A. Public Employee Appointment
Pursuant to Government Code Section 54957(b)(1)
Title: City Manager
4. ADJOURNMENT
The meeting adjourned at 8:05 p.m.
________________________________
ROBERT H. MCCONNELL, MAYOR
ATTEST:
_________________________________
DAWN G. ABRAHAMSON, CITY CLERK
Special City Council Meeting Minutes
April 23, 2024
Page | 1
VALLEJO CITY COUNCIL
SPECIAL MEETING MINUTES
APRIL 23, 2024
COUNCIL CHAMBERS
555 Santa Clara Street, Vallejo, California
1. CALL TO ORDER
The meeting was called to order at 5:45 p.m.
2. ROLL CALL
Present: Mayor McConnell, Vice Mayor Loera-Diaz, Councilmembers Arriola, Bregenzer, Matulac, Palmares, and Verder-Aliga
Absent: None
Staff present: Interim City Manager Marshall, City Attorney Nebb, City Clerk Abrahamson, Assistant City Manager Haen and Human Resources Director Sifuentes The City Council convened into Closed Session at 5:47 p.m. in the Council Conference Room.
3. CLOSED SESSION
A. Conference with Labor Negotiators Pursuant to Government Code Section 54957.6
Agency Designated Representatives: Stephanie Sifuentes, Human Resources Director
Employee Organizations: Confidential, Administrative, Managerial & Professional (CAMP) and International Brotherhood of Electrical Workers (IBEW), Local 1245 B. Conference with Legal Counsel - Anticipated Litigation Initiation of litigation pursuant to Government Code Section 54956.9(d)(4): 1 Case
4. ADJOURNMENT
The meeting adjourned at 6:32 p.m.
________________________________
ROBERT H. MCCONNELL, MAYOR
ATTEST:
Special City Council Meeting Minutes
April 23, 2024
Page | 2
_________________________________
DAWN G. ABRAHAMSON, CITY CLERK
Special City Council Meeting Minutes
April 23, 2024
Page | 3
Regular City Council Meeting Minutes
April 23, 2024
Page | 1
VALLEJO CITY COUNCIL
REGULAR MEETING MINUTES
APRIL 23, 2024
COUNCIL CHAMBERS
555 Santa Clara Street, Vallejo, California
1. CALL TO ORDER
The meeting was called to order at 7:01 p.m.
2. ROLL CALL
Present: Mayor McConnell, Vice Mayor Loera-Diaz, Councilmembers Arriola, Bregenzer, Matulac, Palmares, and Verder-Aliga
Absent: None
Staff present: Interim City Manager Marshall, City Attorney Nebb and City Clerk Abrahamson
3. PLEDGE OF ALLEGIANCE
4. REPORT OUT OF CLOSED SESSION
City Attorney Nebb reported Council provided direction to staff regarding the April 16 closed session item (Public Employment pursuant to GC 54957(b)(1), Title: City Manager) and noted there was no reportable action for tonight’s Closed Session Item 3A. Council provided direction to its legal counsel regarding Closed Session Item 3B.on tonight’s closed session agenda.
5. PRESENTATIONS AND COMMENDATIONS
Action: presentations were made by Councilmember Palmares and Mayor McConnell.
A. PRESENTATION OF A PROCLAMATION IN RECOGNITION OF NATIONAL DRINKING WATER WEEK, MAY 5-11, 2024
B. PRESENTATION OF A PROCLAMATION RECOGNIZING STAFF MEMBERS
ACHIEVEMENTS
6. FIRST COMMUNITY FORUM
Speakers: Anne Carr, Josh Davidson, James Olson, Kim Carmity, Guy Stevenson, Ryan Messano, Lillie Hurd, Reynaldo C., Patricia Hunter, Leticia Hernandez, and Debbie T.
The meeting recessed at 7:56 p.m. and reconvened at 8:01 p.m.
7. PUBLIC COMMENT REGARDING CONSENT CALENDAR ITEMS
Speakers: Daniel Boone (Items 8H, 8I and 8J)
8. CONSENT CALENDAR AND APPROVAL OF AGENDA
Action: moved by Vice Mayor Loera-Diaz and carried unanimously, unless otherwise noted, approval of the Agenda and the Consent Calendar with the removal of Regular City Council Meeting Minutes
April 23, 2024
Page | 2
Information Calendar Item 9A from the agenda to be rescheduled at a future meeting and the removal of Item 8H from the Consent Calendar making it Item 8.1.
A. APPROVAL OF MINUTES
Recommendation: Approve minutes for the special meetings of April 1 and the special and regular meetings of April 9, 2024
Contact: Dawn G. Abrahamson, MMC, City Clerk (707) 648-4527 [email protected]
Action: approved minutes.
B. WAIVE FULL READING AND AUTHORIZING INTRODUCTIONS AND/OR
ADOPTION OF ORDINANCES BY TITLE ONLY
Recommendation: Waive reading and authorize introductions and/or adoption of any and all ordinances on this agenda, if any, by title only. This is a standard procedural action so the City Council does not have to read an ordinance in its entirety.
Contact: Dawn G. Abrahamson, MMC, City Clerk (707) 648-4527 [email protected]
Action: waived reading and authorized introductions and/or adoption of any and all ordinances on this agenda, if any, by title only. This is a standard procedural action so the City Council does not have to read an ordinance in its entirety.
C. PAYMENT OF CLAIMS: FEBRUARY 2024
Recommendation: Ratify the payment of claims for the period of February 1, 2024, through February 29, 2024.
Contact: Rekha Nayar, Finance Director (707) 648-4592
[email protected]
Action: ratified payment of claims for February 1-29, 2024.
D. ADOPT A RESOLUTION TO AMEND FISCAL YEAR 2023-24 GENERAL
FUND BUDGET TO RECOGNIZE REVENUE FROM UNCLAIMED
PROPERTY IN AN AMOUNT NOT TO EXCEED $104,181.40 (STEP 2 OF 2) Recommendation: As the second step in a two-step process, adopt a Resolution to amend the Fiscal Year 2023-24 General Fund budget to recognize revenue from Unclaimed Property in an amount not to exceed $104,181.40.
Contact: Rekha Nayar, Finance Director (707) 648-4592
[email protected]
Action: adopted Resolution No. 24-045 N.C.
E. ACCEPT THE JFK LIBRARY ELEVATOR MODERNIZATION PROJECT (PROJECT NO. PW9405) PERFORMED BY DREAM RIDE ENGINEERING,
INC, DBA DREAM RIDE ELEVATOR, AS COMPLETE, AND AUTHORIZE
THE CITY CLERK TO FILE A NOTICE OF COMPLETION WITH THE
SOLANO COUNTY RECORDER'S OFFICE
Recommendation: Accept the JFK Library Elevator Modernization Project (Project No. PW9405)(Proejct) performed by Dream Ride Engineering, Inc. dba Dream Ride Elevator of Benica, California, as complete, and authorize the City Clerk to file a Notice of Completion with the Solano County Recorder’s Office.
Contact: Melissa Tigbao, P.E., Public Works Director (707) 648-4433 Regular City Council Meeting Minutes
April 23, 2024
Page | 3
[email protected]
Action: accepted the JFK Library Elevator Modernization Project (Project No.
PW9405)(Proejct) performed by Dream Ride Engineering, Inc. dba Dream Ride Elevator of Benica, California, as complete, and authorize the City Clerk to file a Notice of Completion with the Solano County Recorder’s Office F. ACCEPT THE EV CHARGERS AT CITY FACILITIES IMPROVEMENT PROJECT (PROJECT NO. PW9438) PERFORMED BY EVCHARGE4U, INC.,
AS COMPLETE, AND AUTHORIZE THE CITY CLERK TO FILE A NOTICE OF
COMPLETION WITH THE SOLANO COUNTY RECORDER'S OFFICE
Recommendation: Accept the EV chargers at City Facilities Improvement Project (Project No. PW9438) performed by EVCHRARGE4U, Inc. as complete, and authorize the City Clerk to file a Notice of Completion with the Solano County Recorder’s Office.
Contact: Melissa Tigbao, P.E., Public Works Director (707) 648-4433 [email protected]
Action: accepted the EV chargers at City Facilities Improvement Project (Project No. PW9438) performed by EVCHRARGE4U, Inc. as complete, and authorize the City Clerk to file a Notice of Completion with the Solano County Recorder’s Office.
G. ADOPT A RESOLUTION APPROVING AN ENVIRONMENTAL CONSULTANT AGREEMENT WITH STANTEC CONSULTING SERVICES INC. FOR
ENVIRONMENTAL CONSULTING SERVICES FOR THE LA QUINTA HOTEL PROJECT ON SONOMA BLVD. IN AN AMOUNT NOT TO EXCEED $44,452
AND AUTHORIZING THE CITY MANAGER TO EXECUTE SAME
Recommendation: Adopt a resolution approving an environmental consultant agreement with Stantec Consulting Services, Inc. for environmental consulting services for the La Quinta Hotel Project on Sonoma Blvd. in an amount not to exceed $44,452.00 and authorizing the City Manager to execute same.
Contact: Christina Ratcliffe, AICP, Planning and Development Services Director [email protected]
Action: adopted Resolution No. 24-046 N.C.
H. ADOPT A RESOLUTION AMENDING FISCAL YEAR 2023-24 BUDGET IN THE AMOUNT OF $1,270,335 TO REALLOCATE EXPENDITURES FROM
THE AMERICAN RESCUE PLAN ACT (ARPA) CORONAVIRUS STATE AND
LOCAL FISCAL RECOVERY FUNDS
Recommendation: Adopt a resolution amending Fiscal Year 2023-24 budget in the amount of $1,270,335 to reallocate expenditures from the American Rescue Plan Act (ARPA) Coronavirus State and Local Fiscal Recovery Funds Contact: Sidney Wilson, Administrative Analyst
[email protected]
Action: item was removed from the Consent Calendar at the request of Councilmember Arriola.
Staff responded to questions from Councilmembers.
Action: moved by Mayor McConnell and carried unanimously to adopt Regular City Council Meeting Minutes
April 23, 2024
Page | 4
Resolution No. 24-047 N.C.
I. APPROVE A RESOLUTION AUTHORIZING THE CITY ATTORNEY TO
EXECUTE AN AMENDMENT TO AN AGREEMENT FOR LEGAL SERVICES
WITH THE LAW FIRM OF BEST BEST & KRIEGER FOR LITIGATION
SERVICES
Recommendation: Adopt a resolution authorizing the City Attorney to execute an amendment to a fee agreement with the law firm of Best Best & Krieger for litigation services in an amount not to exceed $750,000 Contact: Veronica A.F. Nebb, City Attorney (707) 648-4545 [email protected]
Action: adopted Resolution No. 24-048 N.C.
J. APPROVE A RESOLUTION AUTHORIZING THE CITY ATTORNEY TO
EXECUTE AN AMENDMENT TO AN AGREEMENT FOR LEGAL
INVESTIGATION SERVICES WITH THE LAW FIRM OF OPPENHEIMER
INVESTIGATIONS GROUP, LLP
Recommendation: Adopt a resolution authorizing the City Attorney to execute an amendment to a fee agreement with the law firm of Oppenheimer Investigations Group, LLP for legal investigation services in an amount not to exceed $200,00 per fiscal year and extending the agreement to June 30, 2026.
Contact: Veronica A.F. Nebb, City Attorney (707) 648-4545 [email protected]
Action: adopted Resolution No. 24-049 N.C.
9. ACTION CALENDAR
A. PUBLIC HEARING AND ADOPTION OF A RESOLUTUON APPROVING
CONDUIT FINANCING ISSUED BY THE CALIFORNIA MUNICIPAL FINANCE
AUTHORITY FOR THE WEST HARBOR PARK APARTMENTS
AFFORDABLE HOUSING PROJECT PURSUANT TO THE TAX AND EQUITY
FISCAL RESPONSIBILITY ACT (TEFRA) WITH NO FINANCIAL LIABILITY
FOR THE CITY
Recommendation:
1. Conduct a public hearing under the Tax and Equity Fiscal Responsibility Act ("TEFRA") in connection with the proposed issuance of revenue bonds by the California Municipal Finance Authority (the "CMFA"), a joint exercise of powers authority and public entity of the State of California, in an amount not to exceed $45,000,000, (the "Bonds"), for the part of a plan to finance or refinance the acquisition, construction, improvement and equipping of a multifamily rental housing project located at 969 Porter Street, Vallejo, California (the "Project"). This is the approval of an issuance of Bonds by another public agency for a project to be constructed within the City of Vallejo and not an issuance of bonds by the City of Vallejo. The City has no financial obligation whatsoever for these bonds.
2. Adopt a Resolution approving the issuance of the Bonds by the CMFA for the benefit of Harbor Park Apartments Phase 2, LP. (the "Borrower"), Regular City Council Meeting Minutes
April 23, 2024
Page | 5
a partnership of which Klein Financial Corporation (the "Developer") or a related person to the Developer is the general partner, to provide for the financing of the Project, as such adoption is solely for the purposes of satisfying the requirements of TEFRA, the Code, and California Government Code Section 6500 (and following).
Contact: Alicia Jones, Housing Director (707) 648-4408
[email protected]
Housing Director Jones provided introductory comments and an overview of the staff report.
Mr. Bogomilsky provided an overview of the project.
Mayor McConnell opened the public hearing.
Speakers: HelenMarie Gordon.
Mayor McConnell closed the public hearing.
Staff and Mr. Bogomilsky. Councilmembers provided comment.
Action: moved by Vice Mayor Loera-Diaz and carried unanimously to: (1) Conduct a public hearing under the Tax and Equity Fiscal Responsibility Act ("TEFRA") in connection with the proposed issuance of revenue bonds by the California Municipal Finance Authority (the "CMFA"), a joint exercise of powers authority and public entity of the State of California, in an amount not to exceed $45,000,000, (the "Bonds"), for the part of a plan to finance or refinance the acquisition, construction, improvement and equipping of a multifamily rental housing project located at 969 Porter Street, Vallejo, California (the "Project").
This is the approval of an issuance of Bonds by another public agency for a project to be constructed within the City of Vallejo and not an issuance of bonds by the City of Vallejo. The City has no financial obligation whatsoever for these bonds; and (2) adopted Resolution No. 24-050 N.C.
B. PUBLIC HEARING AND POSSIBLE ADOPTION OF A RESOLUTION DENYING AN APPEAL (APP24-0001) OF THE PLANNING COMMISSION’S
APPROVAL, AND GRANTING WITH CONDITIONS, MAJOR USE PERMIT (UP22-0008) TO ALLOW THE OPERATION OF A NEW CHARTER HIGH SCHOOL WITH AN ENROLLMENT OF UP TO 400 STUDENTS IN AN
EXISTING TWO-STORY BUILDING AT 241-255 GEORGIA STREET
(APN:0055-170-390) AFTER FINDING THE PROJECT CATEGORICALLY
EXEMPT FROM ENVIRONMENTAL REVIEW UNDER THE CALIFORNIA
ENVIRONMENTAL QUALITY ACT (CEQA) PURSUANT TO CEQA
GUIDELINES SECTION 15332 (CLASS 32: IN-FILL PROJECTS)
Recommendation: Public Hearing and Possible Adoption of a Resolution denying an appeal (APP24-001) of the Planning Commission's approval, and granting with conditions, Major Use Permit (UP22-0008) to allow the operation of a new public charter high school with an enrollment of up to 400 students in an existing two-story building at 241-255 Georgia Street (A{PN: 0055-170-390) Regular City Council Meeting Minutes
April 23, 2024
Page | 6
after finding the project categorically exempt from environmental review under the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15332 (Class 32: In-Fill Projects).
Contact: Christina Ratcliffe, AICP
Planning and Development Services Director
[email protected]
City Clerk Abrahamson announced the agenda item.
Mayor McConnell reviewed the procedure for the public hearing.
Planning & Development Services Director Ratcliffe outlined possible council actions, provided an overview of the project, reviewed the Planning Commission CEQA determination, major Use Permit findings, discussed the appellant claims and concluded the presentation with staff’s recommendation.
Mayor McConnell opened the public hearing.
Paul and Donna Beeman (Appellants) provided a presentation to Council outlining their reasons for denying the appeal: unfair and improper Planning Commission public hearing, CEQA determination and analysis, findings to support the Major Use Permit, and transparency of planning process.
Joanne Copland, Patricia Kirkman and Dr. Ramona Bishop (representing the Applicant, Elite Public Schools) provided an overview of the project, discussed Guiding Principles for Use Permit approvals and reasons for why the appeal should be denied.
Planning & Development Services Director Ratcliffe provided rebuttal comments.
Paul and Donna Beeman (Appellants) provided rebuttal comments.
Mayor McConnell opened the public hearing to members of the public Speakers: Naloni Franklin, Jeneyah Fowler, Marqis McCleod, Phanell Thomas, Corey Barnes, Aireon Howard, Braelon R., and Brandon McKinney.
The meeting recessed at 10:41 p.m. and reconvened at 10:43 p.m.
Speakers continued: Monica Brown, Alesha Williams, Dr. Steph Sanders, Carla Meshack, Jasmine Taylor, Juanita Reynolds, Tausha Johnson, Daniel Brown, Mali B., Kelymena, Anne Carr, Diana Lang, Jimmy Ginn, Marianne Kearney-Brown, Ernani Santos, Vanessa Oden, David Fischer, Oshmin oden, Shelby Pryor, Kerby Lynch, Tiffany McCleod, Marco McCleod, Latressa Wilson Alford, Jason Labou, Kadejiah Brown, Nicole Minor, Dan Jefferson, Morgan Ridgle, Tonya Moore, Raeshon Henry, Wayne Jones, Cherita Dilley, Robert Brekke, Jason, Izzy Drumgoole, Joseph Babbitt, HelenMarie Gordon, Ann Adams, and Durelle Ali.
Regular City Council Meeting Minutes
April 23, 2024
Page | 7
Mayor McConell closed the public hearing.
Staff and Dr. Bishop responded to questions from Councilmembers.
Action: moved by Councilmember Verder-Aliga and carried unanimously to continue the matter to a special meeting to be held on April 30, 2024 at 5:30 p.m.
10. INFORMATION CALENDAR
A. RECEIVE AN UPDATE ON THE DECLARATION OF A STATE AND LOCAL
EMERGENCY RELATED TO PUBLIC SAFETY STAFFING
Recommendation: Receive an update on the public safety staffing emergency proclamation. This item is for informational purposes only. There is no staff report or action associated with this item.
Contact: Jason Ta, Interim Police Chief (707) 648-4540
[email protected]
Action: item was continued to a future meeting.
11. CITY MANAGER’S REPORT – none.
12. CITY ATTORNEY’S REPORT
City Attorney Nebb provided a synopsis of her quarterly report.
A. QUARTERLY REPORT FOR FISCAL YEAR 2023/2024, THIRD QUARTER (JANUARY - MARCH 2024)
Recommendation: Informational item only. No action is required.
Contact: Veronica A.F. Nebb, City Attorney (707) 648-4545 [email protected]
13. COMMUNITY FORUM
Speakers: HelenMarie Gordon.
14. REPORT OF THE PRESIDING OFFICER AND MEMBERS OF THE CITY COUNCIL Councilmembers reported on various community events and meetings attended.
15. ADJOURNMENT
The meeting adjourned at 1:26 a.m.
________________________________
ROBERT H. MCCONNELL, MAYOR
ATTEST:
Regular City Council Meeting Minutes
April 23, 2024
Page | 8
_________________________________
DAWN G. ABRAHAMSON, CITY CLERK
Special City Council Meeting Minutes
April 30, 2024
Page | 1
VALLEJO CITY COUNCIL
SPECIAL MEETING MINUTES
APRIL 30, 2024
COUNCIL CHAMBERS
555 Santa Clara Street, Vallejo, California
1. CALL TO ORDER
The meeting was called to order at 4:30 p.m.
2. ROLL CALL
Present: Mayor McConnell, Vice Mayor Loera-Diaz, Councilmembers Arriola, Bregenzer, Matulac, Palmares, and Verder-Aliga (arrived at 4:32 p.m.)
Present: None
Staff present: Interim City Manager Marshall, City Attorney Nebb, City Clerk Abrahamson, Assistant City Manager Haen, Chief Assistant City Attorney Risner, and Human Resources Director Sifuentes
Speaker: Anne Carr
The Council convened into Closed Session in the Council Conference Room at 4:36 p.m.
3. CLOSED SESSION
A. Conference with Legal Counsel - Existing Litigation Pursuant to Government Code Section 54956.9(d)(1): Leitzke v. City of Vallejo, Solano County Superior Court, Case No. CU23-02170
B. Public Employee Appointment
Pursuant to Government Code Section 54957(b)(1)
Title: City Manager
C. Conference with Real Property Negotiators Pursuant to Government Code Section 54956.8
Property: 301 Farragut Avenue, Vallejo, CA 94590
Agency Negotiators: Gillian Haen, Assistant City Manager; Beverli Marshall, Interim City Manager; and Veronica Nebb, City Attorney
Negotiating Parties: Vallejo Unified School District
Under Negotiations: Price and Terms of Payment
B.
Public Employee Appointment
Pursuant to Government Code Section 54957(b)(1)
Title: City Manager
4. ADJOURNMENT
The meeting adjourned at 5:50 p.m.
Special City Council Meeting Minutes
April 30, 2024
Page | 2
________________________________
ROBERT H. MCCONNELL, MAYOR
ATTEST:
________________________________
DAWN G. ABRAHAMSON
CITY CLERK
Special City Council Meeting Minutes
April 30, 2024
Page | 1
VALLEJO
VALLEJO CITY COUNCIL
SPECIAL MEETING MINUTES
APRIL 30, 2024
COUNCIL CHAMBERS
555 Santa Clara Street, Vallejo, California
1. CALL TO ORDER
The meeting was called to order at 5:54 p.m.
2. ROLL CALL
Present: Mayor McConnell, Vice Mayor Loera-Diaz, Councilmembers Arriola, Bregenzer, Matulac, Palmares, and Verder-Aliga
Absent: None
Staff present: Interim City Manager Marshall, City Attorney Marshall and City Clerk Abrahamson
3. PLEDGE OF ALLEGIANCE
4. REPORT OUT OF CLOSED SESSION
City Attorney Nebb reported Council provided direction to legal counsel regarding Closed Session Item 3A, nothing to report for Closed Session Item 3B and Council provided direction to its real property negotiators regarding Closed Session Item 3C.
5. ACTION CALENDAR
A. CONSIDER THE WHOLE OF THE RECORD AND POSSIBLE ADOPTION OF A RESOLUTION DENYING AN APPEAL (APP24-0001) OF THE PLANNING COMMISSION’S APPROVAL, AND GRANTING WITH CONDITIONS, MAJOR USE PERMIT (UP22-0008) TO ALLOW THE OPERATION OF A NEW PUBLIC CHARTER HIGH SCHOOL WITH AN ENROLLMENT OF UP TO 400
STUDENTS IN AN EXISTING TWO-STORY BUILDING AT 241-255 GEORGIA STREET (APN:0055-170-390) AFTER FINDING THE PROJECT
CATEGORICALLY EXEMPT FROM ENVIRONMENTAL REVIEW UNDER
THE CALIFORNIA ENVIRONMENTAL QUALITY ACT (CEQA) PURSUANT TO CEQA GUIDELINES SECTION 15332 (CLASS 32: IN-FILL PROJECTS).
Recommendation: After reviewing staff responses to Council questions, and responses to new issues brought up by the appellants at the meeting of April 23, 2024, consider the whole of the record and adopt a Resolution denying Appeal (APP) #24-0001, and granting approval with conditions Major Use Permit (UP) #22-0008 to allow the operation of a new public charter high school with an enrollment of up to 400 students in an existing two-story building at 241-255 Georgia Street (APN:0055-170-390) after finding the project categorically exempt from environmental review under the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15332 (CLASS 32: In-Fill Special City Council Meeting Minutes
April 30, 2024
Page | 2
Projects).
Contact: Christina Ratcliffe, AICP, Planning & Development Services Director [email protected]
Planning & Development Services Director Ratcliffe reviewed responses to questions submitted by Councilmembers, which were included in the staff report.
Staff and Bill Burton (Fehr & Peers) provided responses to questions from Councilmembers.
The meeting recessed at 9:18 p.m. and resumed at 9:37 p.m.
Planning & Development Services Director Ratcliffe reviewed responses to the issue brought up by the Appellant at the April 23, 2024 meeting, which were included in the staff report.
Mayor McConnell opened the public hearing.
Speakers: Anne Carr, Tausha Johnson, Gabriel Acebo, Ruby Garcia, Jimmy Genn, Daniel Brown, Jason La Bou, Dan Pelligrini, Tim Heimstra, Gabriella Rodriguez, Jose Carrizales, Sonia Valdez, Sarah G., Shannon M., Anthony Summers, Calvin Harrell, Malia Ashad, Maria, HelenMarie Gordon, Jameelah Hanif, and an unidentified member of the public, Mr. Beeman (Appellant) and Dr. Bishop and Sarah Coleman (representing the Applicant).
Mayor McConnell closed the public hearing.
Another question and answer period followed. Councilmembers provided comment.
Actions:
MOVED by Vice Mayor Loera-Diaz to direct staff to prepare and present a resolution at a later date denying Appeal (APP) #24-0001 and granting approval with conditions Major Use Permit (UP) #22-0008 to allow the operation of a new public charter high school with a reduced enrollment of up to 200 students in an existing two-story building at 241-255 Georgia Street (APN: 0055-170-390) after finding the project categorically exempt from environmental review under the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15332 (CLASS 32: In-Fill Projects) subject to a periodic review of the Use Permit by the City Council every two years and to include further conditions of approval as submitted to staff by Councilmembers.
ALTERNATE MOTION as moved by Councilmember Palmares to direct staff to prepare and present a resolution at a later date to adopt a resolution denying Appeal (APP) #24-0001 and granting approval with conditions Major Use Permit (UP) #22-0008 to allow the operation of a new public charter high school with an Special City Council Meeting Minutes
April 30, 2024
Page | 3
enrollment of up to 400 students in an existing two-story building at 241-255 Georgia Street (APN: 0055-170-390) after finding the project categorically exempt from environmental review under the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15332 (CLASS 32: In-Fill Projects) subject to conditions to be proffered by staff and provided by Council with the exception of any condition regarding the population size of the school unless the applicant agrees to it.
AYES: Matulac and Palmares
NOES: McConnell, Loera-Diaz, Arriola, Bregenzer, and Verder-Aliga Council returned to the Main Motion as offered by Vice Mayor Loera-Diaz, to direct staff to prepare and present a resolution at a later date denying Appeal (APP) #24-0001 and granting approval with conditions Major Use Permit (UP) #22-0008 to allow the operation of a new public charter high school with a reduced enrollment of up to 200 students in an existing two-story building at 241-255 Georgia Street (APN: 0055-170-390) after finding the project categorically exempt from environmental review under the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15332 (CLASS 32: In-Fill Projects) subject to a periodic review of the Use Permit by the City Council every two years and to include further conditions of approval as submitted to staff by Councilmembers.
AYES: Loera-Diaz, Matulac, and Verder-Aliga
NOES: McConnell, Arriola, Bregenzer, Palmares
Moved by Councilmember Bregenzer to direct staff to prepare and present a resolution at a special meeting to be held at a later date to uphold the appeal and denying Major Use Permit #22-0008.
AYES: McConnell, Arriola, Bregenzer, and Verder-Aliga
NOES: Loera-Diaz, Matulac and Palmares
The meeting recessed at 12:56 a.m. and reconvened at 1:03 a.m.
Moved by Councilmember Matulac and carried unanimously to continue the item to June 4, 2024 at 7 p.m. noting that the public hearing was closed.
6. ADJOURNMENT
The meeting adjourned at 1:05 a.m.
Special City Council Meeting Minutes
April 30, 2024
Page | 4
________________________________
ROBERT H. MCCONNELL, MAYOR
ATTEST:
________________________________
DAWN G. ABRAHAMSON
CITY CLERK
CONSENT CALENDAR 8.C.
DATE: May 14, 2024
TO: Mayor and Members of the City Council
FROM: Rekha Nayar, Finance Director
SUBJECT: CITY TREASURER’S INVESTMENT REPORT
RECOMMENDATION
Accept the City Treasurer’s Investment Report for the quarter ended March 31, 2024.
REASONS FOR RECOMMENDATION
The City’s Investment Policy requires the City Treasurer to submit quarterly investment reports to the City Council.
BACKGROUND AND DISCUSSION
At the end of each calendar quarter, the City Treasurer is required by the City’s adopted Investment Policy to report on the status of investments to the City Council. The City Treasurer’s Investment Report as of March 31, 2024 is submitted. It is the policy of the City of Vallejo to use the State of California Government Code Sections 53601, 53635, and 53651 provisions for local government investments as guidelines in the developing and implementing of the City's allowable investment policies and practices.
The report includes all securities managed by the City and its Investment Managers (excluding bond proceeds) and provides information on the values (par, fair, and cost), term, and yield of each security. Please note that because the safe-keeping custodian and the Investment Manager may use different pricing sources to determine the market value of the securities, there can be minor differences in market values shown on the custodian's monthly statement as compared to the Investment Manager's monthly statement.
Fair Value of individual securities has been provided by Chandler Asset Management. The City utilizes Principal Financial as its third-party safekeeping custodian for safekeeping of all investments with the exception of the Local Agency Investment Fund (LAIF). LAIF being a money market fund administered by the State Treasurer has many governmental agency participants, and holds securities through its own administrator.
Date: May 14, 2024
Subject: CITY TREASURER’S INVESTMENT REPORT
Condensed investment information as of March 31, 2024, is as follows:
Description Par Value of
Portfolio
Fair Value of
Portfolio
Cost Basis of
Portfolio
Percentage
of Portfolio
City of Vallejo:
U.S. Treasury Securities $109,730,000.00 $107,656,084.98
$108,066,086.14
40.66%
Local Agency Investment
Fund
$62,489,918.18 $62,489,918.18 $62,489,918.18 23.51%
Corporate Medium-Term
Notes
$27,210,000.00 $26,336,869.13 $26,998,146.55 10.16%
U.S. Federal Agency Bonds $21,165,000.00 $20,402,505.92 $21,248,776.85 8.00% Money Market Mutual Funds $29,133,586.75 $29,133,586.75 $29,133,586.75 10.96% Asset Backed Securities $6,540,361.15 $6,469,655.33 $6,539,239.23 2.46% Collaterized Mortgage
Obligations
$2,620,984.22 $2,555,660.82 $2,646,796.23 1.00%
Supranational Obligations $1,770,000.00 $1,760,804.60 $1,759,147.80 0.66% Cash $6,883,854.33 $6,883,854.33 $6,883,854.33
2.59%
Total Investments: $267,543,704.62
$263,688,940.04
$265,765,552.06
100.00%
Condensed earnings and return information as of March 31, 2024, is as follows:
Current Quarter Fiscal Year-to-Date
Portfolio Investment Earnings:
City of Vallejo2 $2,402,820 $5,622,651
Net Change in Portfolio Fair Value Balance3:
City of Vallejo $32,086,343 $9,409,473
Approximate Portfolio Rate-of-Return:
City of Vallejo - Yield to Maturity4 3.49%
BENCHMARK COMPARISON RATE-OF-RETURN5:
Local Agency Investment Fund 4.30% Date: May 14, 2024
Subject: CITY TREASURER’S INVESTMENT REPORT
2-Year U.S. Treasury Note Yield 4.628% 1 In accordance with Government Code Section 53646, the Fair Value of the Local Agency Investment Fund (LAIF) represents the value from the March 31, 2024, LAIF statement and has not been adjusted by the “Amortized Cost Factor” which is used in adjusting the statement balance to the actual “Fair Value” balance. 2 The City records interest income on a cash basis, whereas the attached statement uses the accrual basis. Since the accrual basis includes interest income earned but not received, there is a timing difference in recording the interest income between the City’s books and the attached statement. This difference will be trued up at fiscal year-end. 3 The “Net Change in Portfolio Fair Value Balance” is primarily a measure of the difference in the inflows and outflows of funds held in the LAIF account during the period.
The change is primarily due to the timing of the receipt of property tax revenues, which are received in December and April of each year, and the timing of the City making withdrawals in the ordinary course of business to pay expenses. 4 Yield to Maturity is the interest income the portfolio will earn for the next twelve months expressed as a percentage. Yield to maturity assumes no changes during that twelve month period.
5 These are the performance benchmarks stated in the City’s Investment Policy. LAIF rate of return is as of March 31, 2024.
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 $2,402,820 during the three-month period ending March 31, 2024. In addition, the portfolio also had a cumulative fair value versus cost value unrealized, non-cash loss of approximately $630,934 as of March 31, 2024. 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 03-31-2024
2. Chandler Monthly Statement - Account 263 - 03-31-24
Date: May 14, 2024
Subject: CITY TREASURER’S INVESTMENT REPORT
3. Chandler Monthly Statement - Account 260 - 03-31-24
4. Chandler Monthly Statement - Account 261 - 03-31-24
CONTACT
Rekha Nayar, Finance Director, (707) 648-4592
[email protected]
CHANDLER ASSET MANAGEMENT, INC. | 800.317.4747 | www.chandlerasset.com
INVESTMENT REPORT
Period Ending March 31, 2024
City of Vallejo
SECTION 1 Economic Update
SECTION 2 Account Profile
Table of Contents As of March 31, 2024
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’s target. Given the cumulative effects of restrictive monetary policy and tighter financial conditions, we believe the economy will gradually soften and the Fed will loosen monetary policy in 2024.
As expected at the March meeting, the Federal Open Market Committee voted unanimouslyto leave the Federal Funds rate unchanged at a target range of 5.25 - 5.50%. The March Summary of Economic Projections (SEP) showed stronger real GDP growth outlook and higher core inflation projections for 2024 on resilient labor market and consumer data. The median projection for Federal Funds rate by year-end remained the same at 4.625%, implying three 0.25% cuts. We continue to believe the FOMC will loosen monetary policy in mid-2024 as inflation and economic growth continue to moderate.
The US Treasury yield curve stabilized in March as the FOMC left the Federal Funds rate unchanged. The 2-year Treasury yield was unchanged at 4.62%, the 5-year Treasury fell 4 basis points to 4.21%, and the 10-year Treasury yield dropped 5 basis points to 4.20%. The inversion between the 2-year Treasury yield and 10-year Treasury yield widened to -42 basis points at March month-end versus -37 basis points at February month-end. The spread between the 2-year Treasury and 10-year Treasury yield one year ago was -56 basis points. The inversion between 3-month and 10-year Treasuries widened to -117 basis points in March from -113 basis points in February. 3 Employment
-400
-200
0 200
400
600
800
1,000MOM Change In Thousands (000's)
Nonfarm Payroll (000's)
Non-farm Payroll (000's)
3-month average (000's)
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
Unemployment Rate
Underemployment Rate (U6)
Unemployment Rate (U3)
Rate (%)
The U.S. economy added a better-than-expected 303,000 jobs in March, and the prior two months were revised up by 22,000. Leading sectors included healthcare and government. Job creation remains healthy, with the three-month moving average payrollsat 276,000 and the six-month moving average at 244,000. The unemployment rate edged downto 3.8% in March. The labor participation rate ticked up to
62.7% but remained below the pre-pandemic level of 63.3%. The U-6 underemployment rate, which includes those who are marginally attached to the labor force and employed part time for economic reasons was unchangedat 7.3%. Average hourly earnings rose 4.1% year- over-year in March, down from 4.3% last month. Employment remains strong by historical standards.
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) edged up to 8.756 million in February compared to a downwardly revised 8.748 million in January. Job openings still represent a healthy ratio of around 1.4 jobs for each unemployed individual. 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) came in higher than expected in March, increasing 0.4% month-over-month and 3.5% year-over-year. The Core CPI, which excludes volatile food and energy components, was up 0.4% month-over-month and 3.8% year-over-year in March, unchanged from 3.8% in February. Energy costs accelerated during the month, and shelter costs remain elevated. The Personal Consumption Expenditures (PCE) Index headline inflation increased 0.3% month-over-month and rose 2.5% year-over-year in February,in line with expectations. Core PCE, the Federal Reserve’s preferred inflation gauge, increased 0.3% month-over-month and rose 2.8% year- over-year. While the trend is moderating, the path to the Fed's 2% inflation target remains uneven.
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
March Retail Sales rose above expectations at +0.7% after a sizeable upward revision to +0.9% in February. On a year-over-year basis, Retail Sales growth increased 4.0% for March. Sales were supported by higher gas prices and higher volume sales in a busy travel period for spring break at schools, as well as strength from non-store retailers. The Conference Board’s Consumer Confidence Index edged down to 104.7 in March after a sizeable downward revision to 104.8 in February. The lower reading was largely due to a deteriorating view of the labor market and future business conditions, along with concerns about the highly polarized political environment. 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 Leading Indicators of Economic Activity
-25.0%
-20.0%
-15.0%
-10.0%
-5.0%
0.0%
5.0%
10.0%
15.0%
Leading Economic Indicators (LEI)
Recession
YOY (%) Change
-1.00
-0.75
-0.50
-0.25
0.00 0.25
0.50 0.75
1.00 Chicago Fed National Activity Index (CFNAI)
Recession
3 Month Average
The Conference Board’s Leading Economic Index (LEI) rose to 0.1% month-over-month in February ending its 2-year uninterrupted contraction since February 2022. The index declined 6.3% year-over-year. The Conference Board is no longer calling for recession but expects GDP growth to slow to near zero this year. The Chicago Fed National Activity Index (CFNAI) increased +0.05 in February from a downwardly revised -0.54in January. On a 3-month moving average basis, the CFNAI decreased to -0.18 in February from -0.11 in January, indicating moderating economic growth.
Source: The Conference Board Source: Federal Reserve Bank of Chicago 8 Housing
0 200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400In Thousands of Units
Annualized Housing Starts
Multi Family Housing Starts
Single Family Housing Starts
Housing Starts increased 10.7% month-over-month in February to 1.521 million units, due to milder weather than seen in January and some rising confidence among homebuilders as mortgage rates fell below 7%. Starts for multi-family homes increased 8.6%, while single family homes increased 11.6% for the month. Total starts of new single-family homes are up 35.2% year-over-year. According to Freddie Mac, 30-year fixed mortgage rates averaged 6.79% as of March 31st. According to the Case-Shiller 20-City Home Price Index, housing prices rose 6.59% year-over-year in January, accelerating from a 6.15% year-over-year gain in December. 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
9 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 unexpectedly expanded to 50.3 in March from 47.8 in February, marking the first month of expansion in factory activity above a reading of 50 since 2022. Production and new orders surged, while employment improved and prices paid increased. The ISM Services Index fell to 51.4 in March from 52.6 in February but remained in expansion territory for the 15th consecutive month. The survey reflected slower growth in new orders, a contraction in employment, faster supplier deliveries, and declining price pressures.
Source: Institute for Supply Management
10 Gross Domestic Product (GDP)
Components of GDP 3/23 6/23 9/23 12/23
2.5% 0.6% 2.1% 2.2%
-1.7% 0.9% 1.7% 0.2%
0.6% 0.0% 0.0% 0.3%
0.3% 0.1% 0.5% 0.2%
0.5% 0.5% 0.5% 0.6%
2.3% 2.1% 4.9% 3.4%
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, fourth quarter GDP increasedat an annualized rate of 3.4%, revised up from the second estimate of 3.2%.
The upward revision was due mainly to stronger personal consumption expenditures and nonresidential investment. GDP growth for the full year 2023 is estimated at 2.5%. The consensus projection calls for 2.0% growth in the first quarter and 2.2% growth for the full year 2024.
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 March 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 FOMC Statement and Summary of Economic Projections (SEP) was minimally changed from January. The Fed assesses the progress to achieving its employment and inflation goals are moving into better balance, yet changes to monetary policy remain data dependent. For 2024, the March SEP showed stronger real GDP growth outlook of 2.1% from 1.4% in December as labor market and consumer data have been resilient. Core inflation projections nudged up from 2.4% to 2.6%. The median projection for the Federal Funds rate by the end of the year remained the same at 4.625%, implying three 0.25% cuts in 2024, three cuts in 2025 and three cuts in 2026. 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 $1.5T to approximately $7.5T.
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
Mar-24
Dec-23
Mar-23
Yield (%)
At the end of March, the 2-year Treasury yield was 59 basis point higher, and the 10-Year Treasury yield was 73 basis points higher, year- over-year. The inversion between the 2-year Treasury yield and 10-year Treasury yield widened to -42 basis points at March month-end versus -37 basis points at February month-end. The average historical spread (since 2003) is about +130 basis points. The inversion between 3-month and 10-year Treasuries widened to -117 basis points in March from -113 basis points in February. 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 Vallejo, in order of priority, are to provide safety to ensure the preservation of capital in the overall portfolio, provide sufficient liquidity for cash needs, and a market rate of return consistent with the investment program.
Strategy
In order to achieve this objective, the portfolio invests in high-quality fixed income securities that comply with the investment policy and all regulations governing the funds.
As of March 31, 2024
15 Compliance As of March 31, 2024
Category Standard Comment
U.S. Treasuries No limit; 5 years max maturity Complies Federal Agencies
50% max; 30% max per Agency/GSE issuer; 20% max agency callable securities; 5 years max maturity; Allowable securities include: 1) Issues which are backed by the full faith and credit of the U.S., and 2) Issues which are implicitly backed by the full faith and credit of the U.S. and/or are in conservatorship.
Complies
Supranational Obligations AA rating category or higher by a NRSRO; 30% max; 10% max per issuer; 5 years max maturity; USD denominated senior unsecured unsubordinated obligations; Issued or unconditionally guaranteed by IBRD, IFC, or IADB Complies Municipal Securities (CA, Other States) "A" rating category or better by a NRSRO; 10% max; 5% max per issuer; 5 years max maturity Complies Corporate Medium Term Notes "A" rating category or higher by a NRSRO; 30% max; 5% max per issuer; 5 years max maturity; Issued by corporations organized and operating in the U.S. or by depository institutions licensed by the U.S. Complies Asset-Backed, Mortgage-Backed
Securities, and Collateralized Mortgage
Obligations
"AA" rating category or better by a NRSRO; 20% max (combined with ABS/MBS/CMO); 5% max per Asset-Backed or Commercial Mortgage security issuer; From Issuers not defined in sections A-D (Treasuries, Agencies) of the authorized investments; 5 years max maturity
Complies
Negotiable Certificates of Deposit
(NCD)
The amount of NCD insured up to the FDIC limit does not require any credit ratings; Any amount above FDIC insured limit must be issued by institutions with "A-1" short-term debt rating or better by a NRSRO; or "A" long-term rating category or better by a NRSRO; 30% max; 5% max per issuer; 5 years max maturity Complies
Certificates of Deposit (CDs)
20% max; CDs >$250k must be collateralized 110%; 5 years max maturity; All institutions must (1) have a minimum of $100 million in assets; (2) have a demonstrated history of positive earnings; and (3) must carry a minimum 3.5% equity ratio and hold that ratio for at least one year prior to the City's investment. All institutions must be located within the State of California; For collateralized or NCDs, institution must have a minimum $1 billion in assets.
Complies
Banker’s Acceptances "A-1" rated or better by a NRSRO; or "A" long-term debt rated category or better by a NRSRO; 40% max, 5% max per issuer; 180 days max maturity Complies
Commercial Paper
"A-1" rated or better by a NRSRO; and Issued by corporations with long-term debt rating of "A" or better by a NRSRO; 25% max; 40% max in Commercial Paper if the City's investment AUM are >$100 million, under a provision sunsetting on January 1, 2026; $1million max per issuing corporation; 5% max per issuer; 10% max of the outstanding commercial paper of any issuer; 270 days max maturity; Notes are secured promissory notes of industrial corporations, utilities and bank holding companies; Issuer must be a corporation organized and operating in the U.S. with assets >$500 million
Complies
City of Vallejo
Assets managed by Chandler Asset Management are in full compliance with state law and with the Client's investment policy. 16 Compliance As of March 31, 2024
Category Standard Comment
Money Market Mutual Funds
Meet either of the following criteria: 1) Attained highest rating by two NRSROs; or 2) Retained an investment adviser registered or exempt from SEC registration with > 5 years experience and AUM >$500 million; 3) 10% max in Money Market Mutual Funds; 4) 5% max per issuer; 4 years max maturity Complies
Mutual Funds
Meet either of the following criteria: 1) Attained highest rating by two NRSROs; or 2) Retained an investment adviser registered or exempt from SEC registration with > 5 years experience and AUM >$500 million; 3) 10% max in Mutual Funds; 4) 5% max per issuer; 4 years max maturity
Complies
Repurchase Agreements 20% max; 102% Collateralized; 1 year max maturity; Not used by Investment Adviser Complies Local Agency Investment Fund (LAIF) Maximum amount permitted by LAIF; 15 transactions limit per month, per account, per State policy Complies Local Government Investment
Pools(LGIP) No issuer limitation Complies
Equity Securities Only received by gift, bankruptcy, or in lieu of moneys due City Complies Social Responsibility No investment is to be made in a company that receives more than 51% of its gross revenues from the production or manufacture of fossil fuels, weapons, manufacturing, cigarettes, alcohol, or gaming products Complies Max Per Issuer 5% max per issuer unless otherwise specified in the policy Complies Max Per Asset Class 50% max per asset class of the portfolio (except U.S. Treasuries and authorized Pools) Complies Weighted Average Maturity 3 years Complies
Maximum Maturity 5 years Complies
City of Vallejo
Assets managed by Chandler Asset Management are in full compliance with state law and with the Client's investment policy. 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
Agency
7.8% Asset Backed
Security
2.5%
Corporate
10.0%
LAIF
23.6%
Money Market
Fund
11.0%
Supranational
0.7%
US Treasury
40.8%
Agency CMBS
1.0%
Cash
2.6%
March 31, 2024 December 31, 2023
ABS
3.5%
Agency
9.1%
Corporate
12.1%
LAIF
20.4%
Money Market
Fund
6.3%
Supranational
0.2%
US Treasury
47.3%
Agency CMBS
1.1%
As of March 31, 2024
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%
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+ March 31, 2024 December 31, 2023
March 31, 2024 vs. December 31, 2023
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ 03/31/24 64.9% 0.4% 4.1% 8.9% 8.2% 10.0% 3.6% 0.0%
12/31/23 43.4% 16.8% 2.8% 14.0% 7.2% 11.9% 3.9% 0.0%
City of Vallejo Consolidated
Duration Distribution As of March 31, 2024
20 AAA AA A-1 A <A NR
03/31/24 33.3% 3.8% 22.6% 6.1% 0.0% 34.2%
12/31/23 23.9% 37.8% 0.00% 10.7% 0.1% 27.5%
Source: S&P Ratings
March 31, 2024 vs. December 31, 2023
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
AAA AA A-1 A <A NR
03/31/24 12/31/23
Quality Distribution
City of Vallejo Consolidated
As of March 31, 2024
21 Purchase Yield as of 03/31/24 = 3.75%
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 March 31, 2024
22 Portfolio Characteristics
City of Vallejo Bond Proceeds
03/31/24
Portfolio
12/31/23
Portfolio
Average Maturity (yrs) 0.09 0.21
Modified Duration 0.09 0.20
Average Purchase Yield 4.39% 3.48%
Average Market Yield 5.24% 5.12%
Average Quality* AAA AAA/Aaa
Total Market Value 45,335,554 45,428,999
*Portfolio is S&P and Moody’s, respectively.
As of March 31, 2024
23 City of Vallejo Bond Proceeds
Sector Distribution
Money Market
Fund
24.2%
US Treasury
75.7%
Cash
0.1%
March 31, 2024 December 31, 2023
Money Market
Fund
22.9%
US Treasury
77.1%
As of March 31, 2024
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%
75.0%
80.0%
85.0%
90.0%
95.0%
100.0%
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ March 31, 2024 December 31, 2023
March 31, 2024 vs. December 31, 2023
0 - 0.25 0.25 - 0.50 0.50 - 1 1 - 2 2 - 3 3 - 4 4 - 5 5+ 03/31/24 91.3% 8.7% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%
12/31/23 57.9% 33.6% 8.6% 0.0% 0.0% 0.0% 0.0% 0.0%
City of Vallejo Bond Proceeds
Duration Distribution As of March 31, 2024
25 AAA AA A-1 A <A NR
03/31/24 41.8%% 0.0% 58.2% 0.0% 0.0% 0.0%
12/31/23 63.1% 36.9% 0.0% 0.0% 0.0% 0.0%
Source: S&P Ratings
March 31, 2024 vs. December 31, 2023
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
AAA AA A-1 A <A NR
03/31/24 12/31/23
Quality Distribution
City of Vallejo Bond Proceeds
As of March 31, 2024
26 Important Disclosures
2023 Chandler Asset Management, Inc, An Independent Registered Investment Adviser.
Information contained herein is confidential. Prices are provided by ICE Data Services Inc (“IDS”), an independent pricing source. In the event IDS does not provide a price or if the price provided is not reflective of fair market value, Chandler will obtain pricing from an alternative approved third party pricing source in accordance with our written valuation policy and procedures. Our valuation procedures are also disclosed in Item 5 of our Form ADV Part 2A.
Performance results are presented gross-of-advisory fees and represent the client’s Total Return. The deduction of advisory fees lowers performance results. These results include the reinvestment of dividends and other earnings. Past performance may not be indicative of future results. Therefore, clients should not assume that future performance of any specific investment or investment strategy will be profitable or equal to past performance levels. All investment strategies have the potential for profit or loss. Economic factors, market conditions or changes in investment strategies, contributions or withdrawals may materially alter the performance and results of your portfolio.
Index returns assume reinvestment of all distributions. Historical performance results for investment indexes generally do not reflect the deduction of transaction and/or custodial charges or the deduction of an investment management fee, the incurrence of which would have the effect of decreasing historical performance results. It is not possible to invest directly in an index.
Source ICE Data Indices, LLC ("ICE"), used with permission. ICE permits use of the ICE indices and related data on an "as is" basis; ICE, its affiliates and their respective third party suppliers disclaim any and all warranties and representations, express and/or implied, including any warranties of merchantability or fitness for a particular purpose or use, including the indices, index data and any data included in, related to, or derived therefrom. Neither ICE data, its affiliates or their respective third party providers guarantee the quality, adequacy, accuracy, timeliness or completeness of the indices or the index data or any component thereof, and the indices and index data and all components thereof are provided on an "as is" basis and licensee's use it at licensee's own risk. ICE data, its affiliates and their respective third party do not sponsor, endorse, or recommend chandler asset management, or any of its products or services.
This report is provided for informational purposes only and should not be construed as a specific investment or legal advice. The information contained herein was obtained from sources believed to be reliable as of the date of publication, but may become outdated or superseded at any time without notice. Any opinions or views expressed are based on current market conditions and are subject to change. This report may contain forecasts and forward-looking statements which are inherently limited and should not be relied upon as indicator of future results. Past performance is not indicative of future results. This report is not intended to constitute an offer, solicitation, recommendation or advice regarding any securities or investment strategy and should not be regarded by recipients as a substitute for the exercise of their own judgment.
Fixed income investments are subject to interest, credit and market risk. Interest rate risk: the value of fixed income investments will decline as interest rates rise. Credit risk: the possibility that the borrower may not be able to repay interest and principal. Low rated bonds generally have to pay higher interest rates to attract investors willing to take on greater risk. Market risk: the bond market in general could decline due to economic conditions, especially during periods of rising interest rates.
Ratings information have been provided by Moody’s, S&P and Fitch through data feeds we believe to be reliable as of the date of this statement, however we cannot guarantee its accuracy.
Security level ratings for U.S. Agency issued mortgage-backed securities (“MBS”) reflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody’s and Fitch respectively.
Your qualified custodian bank maintains control of all assets reflected in this statement and we urge you to compare this statement to the one you receive from your qualified custodian. Chandler does not have any authority to withdraw or deposit funds from/to the custodian account.
As of March 31, 2024
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 US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies.
As of March 31, 2024
28 MONTHLY ACCOUNT STATEMENT
City of Vallejo Liquidity Funds | Account #263 | As of March 31, 2024 CHANDLER ASSET MANAGEMENT | chandlerasset.com
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.
Chandler Team:
For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian:
Principal Financial
CONFIDENTIAL | 2
City of Vallejo Liquidity Funds | Account #263 | As of March 31, 2024 Execution Time: 04/30/2024 05:21:06 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Performance Review
Account Summary
Maturity Distribution
Top Issuers
Credit Quality
Total Rate of Return 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (09/01/22)
City of Vallejo Liquidity Fund 0.45% 1.30% 1.30% 5.04% -- -- -- -- 4.21% Benchmark Return* 0.37% 0.84% 0.84% 4.44% -- -- -- -- 4.05% Average Modified Duration 0.09
Average Coupon 0.40%
Average Purchase YTM 4.94%
Average Market YTM 5.00%
Average Quality AAA
Average Final Maturity 0.11
Average Life 0.11
Beg. Values as of
03/01/2024
End Values as of
03/31/2024
Market Value 78,422,208.42 78,839,619.29
Accrued Interest 132,370.34 70,883.34
Total Market Value 78,554,578.76 78,910,502.63
Income Earned 260,510.39 310,131.38
Cont/WD 0.00 0.00
Par 79,066,797.89 79,269,868.69
Book Value 78,341,907.07 78,850,527.94
Cost Value 77,748,411.54 78,112,437.09
United States 88.25%
Allspring Group Holdings LLC 3.11%
Chubb Limited 0.95%
Comcast Corporation 0.32%
Toyota Motor Corporation 0.32%
QUALCOMM Incorporated 0.32%
UnitedHealth Group Incorporated 0.32%
*Periods over 1 year are annualized.
Benchmark: ICE BofA 1-Year US Treasury Bill Index Secondary Benchmark:
*See Footnote
The credit quality is a weighted average calculation of the highest of S&P , Moody’s’ and Fitch CONFIDENTIAL | 3
City of Vallejo Liquidity Funds | Account #263 | As of March 31, 2024 Execution Time: 04/30/2024 05:21:06 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV) 50.0 0.0 Compliant
Max % Issuer (MV) 30.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
ASSET-BACKED SECURITIES (ABS)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
BANKERS' ACCEPTANCES
Max % (MV) 40.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 180 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant
COLLATERALIZED TIME DEPOSITS (NON-NEGOTIABLE
CD/TD)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
COMMERCIAL PAPER
Max % (MV) 40.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 270 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant
CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 2.2 Compliant
Max % Issuer (MV) 5.0 1.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant
FDIC INSURED TIME DEPOSITS (NON-NEGOTIABLE CD/
TD)
Max % (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
FEDERAL AGENCIES
CONFIDENTIAL | 4
City of Vallejo Liquidity Funds | Account #263 | As of March 31, 2024 Execution Time: 04/30/2024 05:21:06 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Max % (MV) 50.0 0.0 Compliant
Max % Issuer (MV) 30.0 0.0 Compliant
Max Callables (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV) 75.0 0.0 Compliant
LOCAL GOVERNMENT INVESTMENT POOL (LGIP)
Max % (MV) 100.0 0.0 Compliant
MONEY MARKET MUTUAL FUNDS
Max % (MV) 10.0 3.1 Compliant
Max % Issuer (MV) 5.0 3.1 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant
MORTGAGE-BACKED SECURITIES (NON-AGENCY)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
MUNICIPAL SECURITIES (CA, LOCAL AGENCY)
Max % (MV) 10.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant
MUNICIPAL SECURITIES (CA, OTHER STATES)
Max % (MV) 10.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant
MUTUAL FUNDS
Max % (MV) 10.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant
NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
CONFIDENTIAL | 5
City of Vallejo Liquidity Funds | Account #263 | As of March 31, 2024 Execution Time: 04/30/2024 05:21:06 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1 if > FDIC Limit) 0.0 0.0 Compliant
REPURCHASE AGREEMENTS
Max Maturity (Years) 1.0 0.0 Compliant
SRI PROHIBITED INVESTMENTS
Prohibited Investment - Fossil Fuels 0.0 0.0 Compliant
Prohibited Investments - Alcohol 0.0 0.0 Compliant
Prohibited Investments - Tobacco 0.0 0.0 Compliant
SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 10.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (MV) 100.0 88.2 Compliant
Max Maturity (Years) 5 0.0 Compliant
CONFIDENTIAL | 6
City of Vallejo Liquidity Funds | Account #263 | As of March 31, 2024 Execution Time: 04/30/2024 05:21:06 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2023)
Beginning Book Value 78,341,907.07 75,572,475.36
Maturities/Calls (22,000,000.00) (112,750,000.00)
Principal Paydowns 0.00 0.00
Purchases 17,049,960.16 248,336,216.14
Sales 0.00 (139,835,996.74)
Change in Cash, Payables, Receivables 5,046,268.28 5,021,384.11 Amortization/Accretion 265,408.21 973,363.66
Realized Gain (Loss) 146,984.22 1,533,085.41
Ending Book Value 78,850,527.94 78,850,527.94
Month to Date Fiscal Year to Date
(07/01/2023)
Beginning Market Value 78,422,208.41 75,793,597.38
Maturities/Calls (22,000,000.00) (112,750,000.00)
Principal Paydowns 0.00 0.00
Purchases 17,049,960.16 248,336,216.14
Sales 0.00 (139,835,996.74)
Change in Cash, Payables, Receivables 5,046,268.28 5,021,384.11 Amortization/Accretion 265,408.21 973,363.66
Change in Net Unrealized Gain (Loss) (91,210.00) (232,030.68) Realized Gain (Loss) 146,984.22 1,533,085.41
Ending Market Value 78,839,619.29 78,839,619.29
Maturities / Calls
Month to Date (22,000,000.00)
Fiscal Year to Date (112,750,000.00)
Principal Paydowns
Month to Date 0.00
Fiscal Year to Date 0.00
Purchases
Month to Date 17,049,960.16
Fiscal Year to Date 248,336,216.14
Sales
Month to Date 0.00
Fiscal Year to Date (139,835,996.74)
Interest Received
Month to Date 106,210.16
Fiscal Year to Date 1,005,861.71
Purchased / Sold Interest
Month to Date 0.00
Fiscal Year to Date (166,241.64)
CONFIDENTIAL | 7
City of Vallejo Liquidity Funds | Account #263 | As of March 31, 2024 Execution Time: 04/30/2024 05:21:06 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
CASH
CCYUSD Cash 56,250.00 --
0.00%
56,250.00
56,250.00
1.00 0.00%
56,250.00
0.00 0.07%
0.00 Aaa/AAA
AAA
0.00 0.00
CCYUSD Receivable 5,007,822.19 --
0.00%
5,007,822.19
5,007,822.19
1.00 0.00%
5,007,822.19
0.00 6.35%
0.00 Aaa/AAA
AAA
0.00 0.00
Total Cash 5,064,072.19 0.00%
5,064,072.19
5,064,072.19
1.00 0.00%
5,064,072.19
0.00 6.42%
0.00 Aaa/AAA
AAA
0.00 0.00
CORPORATE
20030NCR0 COMCAST CORP 3.7 04/15/2024 250,000.00 09/26/2022
4.65%
246,497.50
249,913.21
99.93 5.42%
249,824.27
4,265.28
0.32%
(88.94)
A3/A-
A-
0.04 0.04
89236TDW2 TOYOTA MOTOR CREDIT CORP 2.9
04/17/2024 250,000.00 08/19/2022
3.41%
247,965.00
249,946.00
99.88 5.58%
249,694.80
3,302.78
0.32%
(251.21)
A1/A+
A+
0.05 0.04
91324PEB4 UNITEDHEALTH GROUP INC 0.55
05/15/2024 250,000.00 08/03/2022
3.15%
238,842.50
249,243.56
99.41 5.39%
248,527.76
519.44
0.32%
(715.80)
A2/A+
A
0.12 0.12
00440EAR8 CHUBB INA HOLDINGS LLC 3.35
05/15/2024 750,000.00 --
4.73%
740,990.00
748,799.63
99.69 5.85%
747,660.65
9,491.67
0.95%
(1,138.98)
A3/A
A
0.12 0.12
747525AT0 QUALCOMM INC 2.9 05/20/2024 250,000.00 09/26/2022
4.54%
243,577.50
249,475.50
99.63 5.55%
249,086.63
2,638.19
0.32%
(388.87)
A2/A
NA
0.14 0.14
Total Corporate 1,750,000.00 4.28%
1,717,872.50
1,747,377.90
99.70 5.64%
1,744,794.10
20,217.36
2.21%
(2,583.80)
A2/A
A
0.10 0.10
MONEY MARKET
FUND
94975H312 ALLSPRING:TRS+ MM S 2,455,796.50 --
4.91%
2,455,796.50
2,455,796.50
1.00 4.91%
2,455,796.50
0.00 3.11%
0.00 Aaa/
AAAm
NA
0.00 0.00
Total Money
Market Fund 2,455,796.50 4.91%
2,455,796.50
2,455,796.50
1.00 4.91%
2,455,796.50
0.00 3.11%
0.00 Aaa/
AAAm
NA
0.00 0.00
US TREASURY
912797HF7 UNITED STATES TREASURY
04/11/2024 20,000,000.00 --
5.34%
19,800,623.85
19,971,125.36
99.85 5.36%
19,970,894.40
0.00 25.33%
(230.96)
P-1/A-1+
F1+
0.03 0.03
91282CBV2 UNITED STATES TREASURY 0.375
04/15/2024 5,000,000.00 --
5.27%
4,830,107.43
4,990,919.21
99.81 5.02%
4,990,474.70
8,657.79
6.33%
(444.51)
Aaa/AA+
AA+
0.04 0.04
CONFIDENTIAL | 8
City of Vallejo Liquidity Funds | Account #263 | As of March 31, 2024 Execution Time: 04/30/2024 05:21:06 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
912797HQ3 UNITED STATES TREASURY
05/09/2024 20,000,000.00 --
5.36%
19,749,993.19
19,890,053.28
99.44 5.40%
19,888,765.60
0.00 25.23%
(1,287.68)
P-1/A-1+
F1+
0.11 0.10
91282CER8 UNITED STATES TREASURY 2.5
05/31/2024 5,000,000.00 --
5.14%
4,901,103.52
4,979,024.75
99.54 5.24%
4,977,001.00
42,008.20
6.31%
(2,023.75)
Aaa/AA+
AA+
0.17 0.17
912796Y45 UNITED STATES TREASURY
06/27/2024 20,000,000.00 --
5.32%
19,592,867.91
19,752,158.75
98.74 5.41%
19,747,820.80
0.00 25.05%
(4,337.95)
P-1/A-1+
F1+
0.24 0.18
Total US Treasury 70,000,000.00 5.32%
68,874,695.90
69,583,281.36
99.39 5.35%
69,574,956.50
50,665.98
88.25%
(8,324.86)
Aaa/AAA
AAA
0.12 0.10
Total Portfolio 79,269,868.69 4.94%
78,112,437.09
78,850,527.94
90.02 5.00%
78,839,619.29
70,883.34
100.00%
(10,908.66)
Aaa/AAA
AAA
0.11 0.09
Total Market
Value + Accrued 78,910,502.63
CONFIDENTIAL | 9
City of Vallejo Liquidity Funds | Account #263 | As of March 31, 2024 Execution Time: 04/30/2024 05:21:06 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 03/01/2024 94975H312 17,803.91 ALLSPRING:TRS+ MM S 1.000 4.92% (17,803.91) 0.00 (17,803.91) 0.00 Purchase 03/04/2024 94975H312 254,531.25 ALLSPRING:TRS+ MM S 1.000 4.94% (254,531.25) 0.00 (254,531.25) 0.00 Purchase 03/07/2024 94975H312 253,250.00 ALLSPRING:TRS+ MM S 1.000 4.93% (253,250.00) 0.00 (253,250.00) 0.00 Purchase 03/08/2024 94975H312 762,187.50 ALLSPRING:TRS+ MM S 1.000 4.92% (762,187.50) 0.00 (762,187.50) 0.00 Purchase 03/11/2024 94975H312 762,187.50 ALLSPRING:TRS+ MM S 1.000 4.92% (762,187.50) 0.00 (762,187.50) 0.00 Purchase 03/28/2024 94975H312 106,842.36 ALLSPRING:TRS+ MM S 1.000 4.93% (106,842.36) 0.00 (106,842.36) 0.00 Purchase 03/28/2024 912797HF7 5,000,000.00 UNITED STATES TREASURY 04/11/2024 99.798 5.30% (4,989,883.06) 0.00 (4,989,883.06) 0.00 Purchase 03/28/2024 912796Y45 5,000,000.00 UNITED STATES TREASURY 06/27/2024 98.681 5.38% (4,934,025.00) 0.00 (4,934,025.00) 0.00 Purchase 03/28/2024 912797HQ3 5,000,000.00 UNITED STATES TREASURY 05/09/2024 99.385 5.39% (4,969,249.58) 0.00 (4,969,249.58) 0.00 Total Purchase 17,156,802.52 (17,049,960.16) 0.00 (17,049,960.16) 0.00 TOTAL ACQUISITIONS 17,156,802.52 (17,049,960.16) 0.00 (17,049,960.16) 0.00
DISPOSITIONS
Maturity 03/04/2024 17275RAN2 (250,000.00) CISCO SYSTEMS INC 3.625 03/04/2024 100.000 3.63% 250,000.00 0.00 250,000.00 0.00 Maturity 03/07/2024 24422EUX5 (250,000.00) JOHN DEERE CAPITAL CORP 2.6 03/07/2024 100.000 2.60% 250,000.00 0.00 250,000.00 0.00 Maturity 03/08/2024 3130A0XE5 (750,000.00) FEDERAL HOME LOAN BANKS
3.25 03/08/2024 100.000 3.25% 750,000.00 0.00 750,000.00 0.00 Maturity 03/11/2024 89114QCB2 (750,000.00) TORONTO-DOMINION BANK
3.25 03/11/2024 100.000 3.25% 750,000.00 0.00 750,000.00 0.00 Maturity 03/28/2024 912797GY7 (15,000,000.00) UNITED STATES TREASURY 03/28/2024 100.000 0.00% 15,000,000.00 0.00 15,000,000.00 146,984.22 Maturity 03/31/2024 91282CEG2 (5,000,000.00) UNITED STATES TREASURY 2.25 03/31/2024 100.000 2.25% 5,000,000.00 0.00 5,000,000.00 0.00 Total Maturity (22,000,000.00) 22,000,000.00 0.00 22,000,000.00 146,984.22 TOTAL DISPOSITIONS (22,000,000.00) 22,000,000.00 0.00 22,000,000.00 146,984.22 CONFIDENTIAL | 10
City of Vallejo Liquidity Funds | Account #263 | As of March 31, 2024 Execution Time: 04/30/2024 05:21:06 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
OTHER
TRANSACTIONS
Coupon 03/04/2024 17275RAN2 0.00 CISCO SYSTEMS INC 3.625 03/04/2024 3.63% 4,531.25 0.00 4,531.25 0.00
Coupon 03/07/2024 24422EUX5 0.00 JOHN DEERE CAPITAL CORP 2.6 03/07/2024 2.60% 3,250.00 0.00 3,250.00 0.00
Coupon 03/08/2024 3130A0XE5 0.00 FEDERAL HOME LOAN BANKS
3.25 03/08/2024 3.25% 12,187.50 0.00 12,187.50 0.00
Coupon 03/11/2024 89114QCB2 0.00 TORONTO-DOMINION BANK
3.25 03/11/2024 3.25% 12,187.50 0.00 12,187.50 0.00
Coupon 03/31/2024 91282CEG2 0.00 UNITED STATES TREASURY 2.25 03/31/2024 2.25% 56,250.00 0.00 56,250.00 0.00
Total Coupon 0.00 88,406.25 0.00 88,406.25 0.00
Dividend 03/31/2024 94975H312 0.00 ALLSPRING:TRS+ MM S 4.93% 7,822.19 0.00 7,822.19 0.00 Total Dividend 0.00 7,822.19 0.00 7,822.19 0.00
TOTAL OTHER
TRANSACTIONS 0.00 96,228.44 0.00 96,228.44 0.00
CONFIDENTIAL | 11
City of Vallejo Liquidity Funds | Account #263 | As of March 31, 2024 Execution Time: 04/30/2024 05:21:06 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
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
CASH & EQUIVALENTS
912797GY7 UNITED STATES TREASURY
03/28/2024 0.00
14,841,130.16
0.00 (14,853,015.78)
0.00 0.00
0.00 0.00
0.00 11,885.63
0.00 11,885.63
11,885.63
11,885.63
94975H312 ALLSPRING:TRS+ MM S
2,455,796.50
298,993.98
2,156,802.52
0.00 2,455,796.50
0.00 17,803.91
0.00 17,803.91
0.00 0.00
0.00 17,803.91
17,803.91
CCYUSD Cash
56,250.00
0.00 0.00
0.00 56,250.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 CCYUSD Receivable
5,007,822.19
17,803.91
0.00 0.00
5,007,822.19
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 Total Cash & Equivalents 7,519,868.69
15,157,928.05
2,156,802.52
(14,853,015.78)
7,519,868.69
0.00 17,803.91
0.00 17,803.91
11,885.63
0.00 11,885.63
29,689.54 29,689.54
FIXED INCOME
00440EAR8 CHUBB INA HOLDINGS LLC
3.35 05/15/2024 750,000.00
747,953.91
0.00 0.00
748,799.63
7,397.92
0.00 9,491.67
2,093.75
855.75
(10.03)
845.72
2,939.47
2,939.47
17275RAN2 CISCO SYSTEMS INC 3.625
03/04/2024
09/26/2022
09/28/2022
0.00 249,984.40
0.00 (250,000.00)
0.00 4,455.73
4,531.25
0.00 75.52
15.60 0.00
15.60 91.12
91.12 20030NCR0 COMCAST CORP 3.7
04/15/2024
09/26/2022
09/28/2022
250,000.00
249,721.04
0.00 0.00
249,913.21
3,494.44
0.00 4,265.28
770.83
192.17
0.00 192.17
963.01
963.01
CONFIDENTIAL | 12
City of Vallejo Liquidity Funds | Account #263 | As of March 31, 2024 Execution Time: 04/30/2024 05:21:06 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
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
24422EUX5 JOHN DEERE CAPITAL CORP
2.6 03/07/2024
09/26/2022
09/28/2022
0.00 249,926.23
0.00 (250,000.00)
0.00 3,141.67
3,250.00
0.00 108.33
73.77 0.00
73.77 182.11
182.11
3130A0XE5 FEDERAL HOME LOAN BANKS
3.25 03/08/2024
08/19/2022
08/22/2022
0.00 749,981.85
0.00 (750,000.00)
0.00 11,713.54
12,187.50
0.00 473.96
18.15 0.00
18.15 492.11
492.11
747525AT0 QUALCOMM INC 2.9
05/20/2024
09/26/2022
09/28/2022
250,000.00
249,143.67
0.00 0.00
249,475.50
2,034.03
0.00 2,638.19
604.17
331.83
0.00 331.83
936.00
936.00
89114QCB2 TORONTO-DOMINION BANK
3.25 03/11/2024 0.00
749,655.60
0.00 (750,000.00)
0.00 11,510.42
12,187.50
0.00 677.08
344.40
0.00 344.40
1,021.49
1,021.49
89236TDW2 TOYOTA MOTOR CREDIT
CORP 2.9 04/17/2024
08/19/2022
08/23/2022
250,000.00
249,841.38
0.00 0.00
249,946.00
2,698.61
0.00 3,302.78
604.17
104.62
0.00 104.62
708.79
708.79
912796Y45 UNITED STATES TREASURY
06/27/2024 20,000,000.00
14,749,397.49
4,934,025.00
0.00 19,752,158.75
0.00 0.00
0.00 0.00
68,736.25
0.00 68,736.25
68,736.25
68,736.25
912797HF7 UNITED STATES TREASURY
04/11/2024 20,000,000.00
14,911,242.17
4,989,883.06
0.00 19,971,125.36
0.00 0.00
0.00 0.00
70,000.13
0.00 70,000.13
70,000.13
70,000.13
912797HQ3 UNITED STATES TREASURY
05/09/2024 20,000,000.00
14,850,878.45
4,969,249.58
0.00 19,890,053.28
0.00 0.00
0.00 0.00
69,925.25
0.00 69,925.25
69,925.25
69,925.25
91282CBV2 UNITED STATES TREASURY
0.375 04/15/2024 5,000,000.00
4,970,811.76
0.00 0.00
4,990,919.21
7,069.67
0.00 8,657.79
1,588.11
20,107.45
0.00 20,107.45
21,695.57
21,695.57
CONFIDENTIAL | 13
City of Vallejo Liquidity Funds | Account #263 | As of March 31, 2024 Execution Time: 04/30/2024 05:21:06 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
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 UNITED STATES TREASURY
2.25 03/31/2024 0.00
4,988,542.92
0.00 (5,000,000.00)
0.00 47,028.69
56,250.00
0.00 9,221.31
11,457.08
0.00 11,457.08
20,678.39
20,678.39
91282CER8 UNITED STATES TREASURY 2.5
05/31/2024 5,000,000.00
4,968,187.54
0.00 0.00
4,979,024.75
31,420.77
0.00 42,008.20
10,587.43
10,837.21
0.00 10,837.21
21,424.64
21,424.64
91324PEB4 UNITEDHEALTH GROUP INC
0.55 05/15/2024
08/03/2022
08/05/2022
250,000.00
248,710.61
0.00 0.00
249,243.56
404.86
0.00 519.44
114.58
532.95
0.00 532.95
647.53
647.53
Total Fixed Income 71,750,000.00
63,183,979.03
14,893,157.64
(7,000,000.00)
71,330,659.25
132,370.34
88,406.25
70,883.34
26,919.25
253,532.62
(10.03)
253,522.59
280,441.84 280,441.84
TOTAL PORTFOLIO 79,269,868.69
78,341,907.07
17,049,960.16
(21,853,015.78)
78,850,527.94
132,370.34
106,210.16
70,883.34
44,723.16
265,418.24
(10.03)
265,408.21
310,131.38 310,131.38
CONFIDENTIAL | 14
City of Vallejo Liquidity Funds | Account #263 | As of March 31, 2024 Execution Time: 04/30/2024 05:21:06 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
APRIL 2024
04/01/2024 Dividend 94975H312 0.00 7,822.19 7,822.19
04/01/2024 Maturity 91282CEG2 (5,000,000.00) UNITED STATES TREASURY 2.25 03/31/2024 5,000,000.00 5,000,000.00 04/11/2024 Maturity 912797HF7 (20,000,000.00) UNITED STATES TREASURY 04/11/2024 20,000,000.00 20,000,000.00 04/15/2024 Coupon 20030NCR0 0.00 COMCAST CORP 3.7 04/15/2024 4,625.00 4,625.00 04/15/2024 Maturity 20030NCR0 (250,000.00) COMCAST CORP 3.7 04/15/2024 250,000.00 250,000.00 04/15/2024 Maturity 91282CBV2 (5,000,000.00) UNITED STATES TREASURY 0.375 04/15/2024 5,000,000.00 5,000,000.00 04/15/2024 Coupon 91282CBV2 0.00 UNITED STATES TREASURY 0.375 04/15/2024 9,375.00 9,375.00 04/17/2024 Coupon 89236TDW2 0.00 TOYOTA MOTOR CREDIT CORP 2.9 04/17/2024 3,625.00 3,625.00 04/17/2024 Maturity 89236TDW2 (250,000.00) TOYOTA MOTOR CREDIT CORP 2.9 04/17/2024 250,000.00 250,000.00 April 2024 Total 30,507,822.19 17,625.00 30,525,447.19
MAY 2024
05/09/2024 Final Maturity 912797HQ3 20,000,000.00 UNITED STATES TREASURY 05/09/2024 20,000,000.00 20,000,000.00 05/15/2024 Coupon 00440EAR8 750,000.00 CHUBB INA HOLDINGS LLC 3.35 05/15/2024 12,562.50 12,562.50 05/15/2024 Final Maturity 00440EAR8 750,000.00 CHUBB INA HOLDINGS LLC 3.35 05/15/2024 750,000.00 750,000.00 05/15/2024 Coupon 91324PEB4 250,000.00 UNITEDHEALTH GROUP INC 0.55 05/15/2024 687.50 687.50 05/15/2024 Final Maturity 91324PEB4 250,000.00 UNITEDHEALTH GROUP INC 0.55 05/15/2024 250,000.00 250,000.00 05/20/2024 Coupon 747525AT0 250,000.00 QUALCOMM INC 2.9 05/20/2024 3,625.00 3,625.00 05/20/2024 Final Maturity 747525AT0 250,000.00 QUALCOMM INC 2.9 05/20/2024 250,000.00 250,000.00 05/31/2024 Coupon 91282CER8 5,000,000.00 UNITED STATES TREASURY 2.5 05/31/2024 62,500.00 62,500.00 05/31/2024 Final Maturity 91282CER8 5,000,000.00 UNITED STATES TREASURY 2.5 05/31/2024 5,000,000.00 5,000,000.00 May 2024 Total 26,250,000.00 79,375.00 26,329,375.00
JUNE 2024
06/27/2024 Final Maturity 912796Y45 20,000,000.00 UNITED STATES TREASURY 06/27/2024 20,000,000.00 20,000,000.00 June 2024 Total 20,000,000.00 20,000,000.00
JULY 2024
07/30/2024 Final Maturity 912797KR7 7,500,000.00 UNITED STATES TREASURY 07/30/2024 7,500,000.00 7,500,000.00 July 2024 Total 7,500,000.00 7,500,000.00
AUGUST 2024
08/20/2024 Final Maturity 912797KY2 15,000,000.00 UNITED STATES TREASURY 08/20/2024 15,000,000.00 15,000,000.00 August 2024 Total 15,000,000.00 15,000,000.00
SEPTEMBER 2024
CONFIDENTIAL | 15
City of Vallejo Liquidity Funds | Account #263 | As of March 31, 2024 Execution Time: 04/30/2024 05:21:06 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
09/26/2024 Final Maturity 912797KM8 10,000,000.00 UNITED STATES TREASURY 09/26/2024 10,000,000.00 10,000,000.00 September 2024 Total 10,000,000.00 10,000,000.00
Grand Total 54,500,000.00 109,257,822.19 97,000.00 109,354,822.19 CONFIDENTIAL | 16
City of Vallejo Liquidity Funds | Account #263 | As of March 31, 2024 Execution Time: 04/30/2024 05:21:06 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
IMPORTANT DISCLOSURES
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.
CONFIDENTIAL | 17
City of Vallejo Liquidity Funds | Account #263 | As of March 31, 2024 Execution Time: 04/30/2024 05:21:06 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
BENCHMARK INDEX & DISCLOSURES
Benchmark Disclosure
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.
MONTHLY ACCOUNT STATEMENT
City of Vallejo | Account #260 | As of March 31, 2024
CHANDLER ASSET MANAGEMENT | chandlerasset.com
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.
Chandler Team:
For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian:
Principal Financial
CONFIDENTIAL | 2
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Performance Review
Account Summary
Maturity Distribution
Top Issuers
Credit Quality
Total Rate of Return 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS Since Inception (01/01/02)
City of Vallejo 0.42% 0.24% 0.24% 3.38% 1.58% (0.09%) 1.26% 1.33% 2.56% Benchmark Return* 0.36% (0.01%) (0.01%) 2.45% 1.02% (0.58%) 0.96% 1.12% 2.34% Secondary Benchmark Return* 0.32% 0.30% 0.30% 2.97% 1.57% 0.08% 1.16% 1.07% 1.98% Average Modified Duration 2.45
Average Coupon 2.66%
Average Purchase YTM 2.81%
Average Market YTM 4.80%
Average Quality AA
Average Final Maturity 2.82
Average Life 2.72
Beg. Values as of
03/01/2024
End Values as of
03/31/2024
Market Value 93,689,025.32 94,109,752.10
Accrued Interest 538,423.51 506,383.58
Total Market Value 94,227,448.83 94,616,135.69
Income Earned 212,876.54 108,414.35
Cont/WD 0.00 0.00
Par 97,297,991.48 97,534,267.28
Book Value 96,643,132.88 96,890,389.25
Cost Value 96,676,825.57 96,913,546.32
United States 36.95%
FNMA 8.12%
Federal Home Loan Banks 7.77%
FHLMC 7.45%
United States 2.53%
JPMorgan Chase & Co. 1.71%
Bank of America Corporation 1.53%
Royal Bank of Canada 1.48%
*Periods over 1 year are annualized.
Benchmark: ICE BofA 1-5 Year Unsubordinated US Treasury & Agency Index Secondary Benchmark: ICE BofA 1-3 Year US Treasury Index *See Footnote
The credit quality is a weighted average calculation of the highest of S&P , Moody’s’ and Fitch CONFIDENTIAL | 3
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 30.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
ASSET-BACKED SECURITIES (ABS)
Max % (MV) 20.0 6.8 Compliant
Max % Issuer (MV) 5.0 1.1 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
BANKERS' ACCEPTANCES
Max % (MV) 40.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 180 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant
COLLATERALIZED TIME DEPOSITS (NON-NEGOTIABLE
CD/TD)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
COMMERCIAL PAPER
Max % (MV) 40.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Days) 270 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1) 0.0 0.0 Compliant
CORPORATE MEDIUM TERM NOTES
Max % (MV) 30.0 26.2 Compliant
Max % Issuer (MV) 5.0 1.7 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant
FDIC INSURED TIME DEPOSITS (NON-NEGOTIABLE CD/
TD)
Max % (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
FEDERAL AGENCIES
CONFIDENTIAL | 4
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Max % (MV) 50.0 21.6 Compliant
Max % Issuer (MV) 30.0 8.1 Compliant
Max Callables (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 4 Compliant
LOCAL AGENCY INVESTMENT FUND (LAIF)
Max Concentration (MV) 75.0 0.0 Compliant
LOCAL GOVERNMENT INVESTMENT POOL (LGIP)
Max % (MV) 100.0 0.0 Compliant
MONEY MARKET MUTUAL FUNDS
Max % (MV) 10.0 0.1 Compliant
Max % Issuer (MV) 5.0 0.1 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant
MORTGAGE-BACKED SECURITIES (NON-AGENCY)
Max % (MV) 20.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5.0 0.0 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
MUNICIPAL SECURITIES (CA, LOCAL AGENCY)
Max % (MV) 10.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant
MUNICIPAL SECURITIES (CA, OTHER STATES)
Max % (MV) 10.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant
MUTUAL FUNDS
Max % (MV) 10.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
Min Rating (AAA by 2) 0.0 0.0 Compliant
NEGOTIABLE CERTIFICATES OF DEPOSIT (NCD)
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
CONFIDENTIAL | 5
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Max Maturity (Years) 5 0.0 Compliant
Min Rating (A-1 by 1 or A- by 1 if > FDIC Limit) 0.0 0.0 Compliant
REPURCHASE AGREEMENTS
Max % (MV) 20.0 0.0 Compliant
Max Maturity (Years) 1.0 0.0 Compliant
SRI PROHIBITED INVESTMENTS
Prohibited Investment - Fossil Fuels 0.0 0.0 Compliant
Prohibited Investments - Alcohol 0.0 0.0 Compliant
Prohibited Investments - Firearms 0.0 0.0 Compliant
Prohibited Investments - Tobacco 0.0 0.0 Compliant
SUPRANATIONAL OBLIGATIONS
Max % (MV) 30.0 1.9 Compliant
Max % Issuer (MV) 10.0 1.3 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (MV) 100.0 40.5 Compliant
Max Maturity (Years) 5 4 Compliant
CONFIDENTIAL | 6
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2023)
Beginning Book Value 96,643,132.88 94,918,201.35
Maturities/Calls 0.00 0.00
Principal Paydowns (403,530.04) (3,881,660.85)
Purchases 1,537,100.23 31,828,571.33
Sales (1,013,896.21) (25,546,992.70)
Change in Cash, Payables, Receivables 117,148.71 116,358.01 Amortization/Accretion 10,433.69 35,020.53
Realized Gain (Loss) (0.00) (579,108.41)
Ending Book Value 96,890,389.25 96,890,389.25
Month to Date Fiscal Year to Date
(07/01/2023)
Beginning Market Value 93,689,025.32 89,863,791.88
Maturities/Calls 0.00 0.00
Principal Paydowns (403,530.04) (3,881,660.85)
Purchases 1,537,100.23 31,828,571.33
Sales (1,013,896.21) (25,546,992.70)
Change in Cash, Payables, Receivables 117,148.71 116,358.01 Amortization/Accretion 10,433.69 35,020.53
Change in Net Unrealized Gain (Loss) 173,470.40 2,273,772.32 Realized Gain (Loss) (0.00) (579,108.41)
Ending Market Value 94,109,752.10 94,109,752.10
Maturities / Calls
Month to Date 0.00
Fiscal Year to Date 0.00
Principal Paydowns
Month to Date (403,530.04)
Fiscal Year to Date (3,881,660.85)
Purchases
Month to Date 1,537,100.23
Fiscal Year to Date 31,828,571.33
Sales
Month to Date (1,013,896.21)
Fiscal Year to Date (25,546,992.70)
Interest Received
Month to Date 133,023.31
Fiscal Year to Date 1,549,277.43
Purchased / Sold Interest
Month to Date (3,002.72)
Fiscal Year to Date 12,404.81
CONFIDENTIAL | 7
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
ABS
36265MAC9 GMALT 2022-1 A3 1.9 03/20/2025 88,754.37 02/15/2022
1.91%
88,753.61
88,754.17
99.76 3.51%
88,538.56
51.53 0.09%
(215.61)
Aaa/NA
AAA
0.97 0.06
89240BAC2 TAOT 2021-A A3 0.26 05/15/2025 15,155.53 02/02/2021
0.27%
15,152.72
15,155.02
99.49 4.63%
15,078.28
1.75 0.02%
(76.73)
Aaa/NA
AAA
1.12 0.08
02582JJT8 AMXCA 2022-2 A 05/17/2027 840,000.00 05/17/2022
3.42%
839,814.19
839,899.13
97.93 5.33%
822,646.27
1,265.60
0.87%
(17,252.86)
NA/AAA
AAA
1.12 1.60
36266FAC3 GMALT 2022-2 A3 3.42 06/20/2025 180,591.65 05/03/2022
3.45%
180,572.81
180,585.07
99.65 5.17%
179,963.60
188.72
0.19%
(621.47)
NA/AAA
AAA
1.22 0.14
47788UAC6 JDOT 2021 A3 0.36 09/15/2025 45,225.47 03/02/2021
0.37%
45,216.78
45,223.15
98.74 5.84%
44,657.36
7.24 0.05%
(565.79)
Aaa/NA
AAA
1.46 0.23
44933LAC7 HART 2021-A A3 0.38 09/15/2025 63,862.70 04/20/2021
0.39%
63,855.98
63,861.08
99.18 5.26%
63,339.36
10.79 0.07%
(521.72)
NA/AAA
AAA
1.46 0.14
44934KAC8 HART 2021-B A3 0.38 01/15/2026 266,707.73 07/20/2021
0.60%
266,648.86
266,688.86
98.47 5.90%
262,621.02
45.04 0.28%
(4,067.84)
NA/AAA
AAA
1.79 0.27
43815GAC3 HAROT 2021-4 A3 0.88 01/21/2026 168,438.01 11/16/2021
0.89%
168,402.51
168,424.15
97.56 5.99%
164,333.13
41.17 0.17%
(4,091.03)
Aaa/NA
AAA
1.81 0.47
47789QAC4 JDOT 2021-B A3 0.52 03/16/2026 174,702.03 07/13/2021
0.52%
174,686.45
174,696.30
97.64 5.58%
170,587.41
40.38 0.18%
(4,108.88)
Aaa/NA
AAA
1.96 0.45
44935FAD6 HART 2021-C A3 0.74 05/15/2026 117,083.67 11/09/2021
0.75%
117,057.53
117,073.06
97.77 6.00%
114,471.70
38.51 0.12%
(2,601.35)
NA/AAA
AAA
2.12 0.41
43815BAC4 HAROT 2022-1 A3 1.88 05/15/2026 396,784.71 02/15/2022
1.89%
396,725.04
396,757.11
97.68 6.04%
387,563.36
331.54
0.41%
(9,193.76)
Aaa/AAA
NA
2.12 0.55
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026 258,132.95 05/10/2022
3.23%
258,119.53
258,125.90
98.48 5.71%
254,219.40
138.10
0.27%
(3,906.50)
Aaa/AAA
NA
2.40 0.59
47787JAC2 JDOT 2022 A3 0.36 09/15/2026 211,776.66 03/10/2022
2.34%
211,729.81
211,752.67
97.90 5.74%
207,329.90
218.37
0.22%
(4,422.77)
Aaa/NA
AAA
2.46 0.62
89238FAD5 TAOT 2022-B A3 2.93 09/15/2026 290,463.24 04/07/2022
3.09%
290,456.44
290,460.30
98.34 5.93%
285,628.56
378.25
0.30%
(4,831.73)
Aaa/AAA
NA
2.46 0.60
362554AC1 GMCAR 2021-4 A3 0.68 09/16/2026 137,290.12 10/13/2021
0.68%
137,286.62
137,288.61
97.10 6.58%
133,313.51
38.90 0.14%
(3,975.11)
Aaa/AAA
NA
2.46 0.49
380146AC4 GMCAR 2022-1 A3 1.23 11/16/2026 137,324.47 01/11/2022
1.27%
137,312.54
137,318.70
97.54 6.28%
133,948.57
72.10 0.14%
(3,370.13)
NA/AAA
AAA
2.63 0.52
362585AC5 GMCAR 2022-2 A3 3.1 02/16/2027 273,067.83 04/05/2022
3.13%
273,010.76
273,036.39
98.21 5.87%
268,174.21
352.71
0.28%
(4,862.18)
Aaa/AAA
NA
2.88 0.66
CONFIDENTIAL | 8
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
47800AAC4 JDOT 2022-B A3 3.74 02/16/2027 400,000.00 07/12/2022
3.77%
399,961.80
399,976.73
98.54 5.73%
394,143.28
664.89
0.42%
(5,833.45)
Aaa/NA
AAA
2.88 0.84
58768PAC8 MBART 2022-1 A3 5.21 08/16/2027 915,000.00 11/15/2022
5.27%
914,819.01
914,872.06
99.89 5.58%
914,029.83
2,118.73
0.97%
(842.24)
Aaa/AAA
NA
3.38 1.03
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 180,000.00 07/11/2023
5.47%
179,968.10
179,972.99
100.41
5.49%
180,738.34
164.10
0.19%
765.35
NA/AAA
AAA
3.91 1.55
02582JJZ4 AMXCA 2023-1 A 4.87 05/15/2028 375,000.00 06/07/2023
4.87%
374,966.74
374,972.14
99.79 5.37%
374,207.29
811.67
0.40%
(764.86)
NA/AAA
AAA
4.12 1.97
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,005,000.00 09/07/2023
5.17%
1,004,721.41
1,004,751.75
100.51
5.33%
1,010,122.38
2,304.80
1.07%
5,370.63
NR/AAA
AAA
4.46 2.25
Total ABS 6,540,361.15 3.48%
6,539,239.23
6,539,645.34
98.93 5.59%
6,469,655.33
9,284.86
6.87%
(69,990.02)
Aaa/AAA
AAA
2.76 1.11
AGENCY
3135G0X24 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 1.625 01/07/2025 1,835,000.00 01/08/2020
1.69%
1,829,146.35
1,834,098.20
97.36 5.18%
1,786,562.44
6,957.71
1.90%
(47,535.76)
Aaa/AA+
AA+
0.77 0.74
3137EAEP0 FEDERAL HOME LOAN MORTGAGE
CORP 1.5 02/12/2025 2,040,000.00 02/13/2020
1.52%
2,038,429.20
2,039,727.15
96.91 5.20%
1,976,979.69
4,165.00
2.10%
(62,747.47)
Aaa/AA+
AA+
0.87 0.84
3130A4CH3 FEDERAL HOME LOAN BANKS 2.375
03/14/2025 1,750,000.00 03/19/2020
1.20%
1,851,097.50
1,769,275.18
97.51 5.09%
1,706,401.66
1,962.67
1.81%
(62,873.53)
Aaa/AA+
AA+
0.95 0.92
3130AJHU6 FEDERAL HOME LOAN BANKS 0.5
04/14/2025 1,900,000.00 05/28/2020
0.50%
1,899,601.00
1,899,915.32
95.33 5.19%
1,811,234.01
4,406.94
1.92%
(88,681.30)
Aaa/AA+
AA+
1.04 1.01
3135G03U5 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.625 04/22/2025 805,000.00 04/22/2020
0.67%
803,341.70
804,649.07
95.48 5.06%
768,623.24
2,222.14
0.82%
(36,025.82)
Aaa/AA+
AA+
1.06 1.03
3135G04Z3 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.5 06/17/2025 2,020,000.00 06/17/2020
0.54%
2,015,818.60
2,018,986.74
94.84 4.95%
1,915,667.81
2,917.78
2.04%
(103,318.93)
Aaa/AA+
AA+
1.21 1.18
3137EAEU9 FEDERAL HOME LOAN MORTGAGE
CORP 0.375 07/21/2025 1,075,000.00 07/21/2020
0.48%
1,069,646.50
1,073,602.92
94.34 4.90%
1,014,139.71
783.85
1.08%
(59,463.21)
Aaa/AA+
AA+
1.31 1.27
3135G05X7 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.375 08/25/2025 1,700,000.00 08/25/2020
0.47%
1,692,044.00
1,697,771.10
93.93 4.91%
1,596,861.00
637.50
1.70%
(100,910.10)
Aaa/AA+
AA+
1.40 1.36
3137EAEX3 FEDERAL HOME LOAN MORTGAGE
CORP 0.375 09/23/2025 1,560,000.00 09/23/2020
0.44%
1,555,304.40
1,558,609.86
93.67 4.87%
1,461,250.14
130.00
1.55%
(97,359.71)
Aaa/AA+
AA+
1.48 1.44
3135G06G3 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.5 11/07/2025 1,680,000.00 11/09/2020
0.57%
1,673,985.60
1,678,067.86
93.47 4.79%
1,570,343.73
3,360.00
1.67%
(107,724.13)
Aaa/AA+
AA+
1.61 1.55
3130ATUC9 FEDERAL HOME LOAN BANKS 4.5
12/12/2025 1,800,000.00 02/08/2023
4.21%
1,813,572.00
1,808,114.41
99.50 4.81%
1,790,929.58
24,525.00
1.90%
(17,184.82)
Aaa/AA+
AA+
1.70 1.59
CONFIDENTIAL | 9
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
3130AWMN7 FEDERAL HOME LOAN BANKS 4.375
06/09/2028 1,000,000.00 07/26/2023
4.27%
1,004,500.00
1,003,870.15
100.07
4.35%
1,000,713.32
13,611.11
1.06%
(3,156.83)
Aaa/AA+
AA+
4.19 3.74
3130AWTR1 FEDERAL HOME LOAN BANKS 4.375
09/08/2028 1,000,000.00 09/21/2023
4.70%
985,570.00
987,098.16
100.42
4.27%
1,004,160.05
2,795.14
1.07%
17,061.89
Aaa/AA+
AA+
4.44 3.99
3133EPN50 FEDERAL FARM CREDIT BANKS
FUNDING CORP 4.25 12/15/2028 1,000,000.00 12/28/2023
3.88%
1,016,720.00
1,015,853.11
99.86 4.28%
998,639.53
12,513.89
1.06%
(17,213.58)
Aaa/AA+
AA+
4.71 4.17
Total Agency 21,165,000.00 1.65%
21,248,776.85
21,189,639.24
96.45 4.90%
20,402,505.92
80,988.73
21.68%
(787,133.32)
Aaa/AA+
AA+
1.69 1.58
AGENCY CMBS
3137BFE98 FHMS K-041 A2 3.171 10/25/2024 785,984.22 07/01/2021
0.66%
845,485.68
795,196.37
98.68 5.34%
775,574.48
2,076.96
0.82%
(19,621.89)
Aaa/AA+
AAA
0.57 0.48
3137FG6X8 FHMS K-077 A2 3.85 05/25/2028 1,835,000.00 05/24/2023
4.24%
1,801,310.55
1,807,062.86
97.01 5.05%
1,780,086.34
5,887.29
1.89%
(26,976.52)
Aaa/AA+
AAA
4.15 3.66
Total Agency
CMBS 2,620,984.22 3.16%
2,646,796.23
2,602,259.23
97.51 5.14%
2,555,660.82
7,964.26
2.72%
(46,598.41)
Aaa/AA+
AAA
3.06 2.70
CASH
CCYUSD Receivable 119,156.69 --
0.00%
119,156.69
119,156.69
1.00 0.00%
119,156.69
0.00 0.13%
0.00 Aaa/AAA
AAA
0.00 0.00
Total Cash 119,156.69 0.00%
119,156.69
119,156.69
1.00 0.00%
119,156.69
0.00 0.13%
0.00 Aaa/AAA
AAA
0.00 0.00
CORPORATE
90331HPL1 US BANK NA 2.05 01/21/2025 1,150,000.00 01/16/2020
2.09%
1,147,550.50
1,149,604.49
97.34 5.47%
1,119,368.44
4,584.03
1.19%
(30,236.05)
A2/A+
A+
0.81 0.78
00440EAS6 CHUBB INA HOLDINGS INC 3.15
03/15/2025 1,150,000.00 02/24/2021
0.85%
1,255,961.00
1,174,948.87
97.92 5.41%
1,126,061.32
1,610.00
1.20%
(48,887.54)
A3/A
A
0.96 0.92
06367WB85 BANK OF MONTREAL 1.85
05/01/2025 1,150,000.00 03/24/2021
1.16%
1,182,257.50
1,158,511.50
96.30 5.41%
1,107,465.25
8,864.58
1.18%
(51,046.25)
A2/A-
AA-
1.08 1.04
14913R2V8 CATERPILLAR FINANCIAL SERVICES
CORP 3.4 05/13/2025 445,000.00 05/10/2022
3.44%
444,434.85
444,790.13
98.08 5.19%
436,450.72
5,799.83
0.46%
(8,339.42)
A2/A
A+
1.12 1.06
61747YEA9 MORGAN STANLEY 0.79 05/30/2025 1,240,000.00 05/26/2021
0.77%
1,240,658.30
1,240,035.50
99.07 6.40%
1,228,503.96
3,292.54
1.31%
(11,531.54)
A1/A-
A+
1.16 0.16
78015K7H1 ROYAL BANK OF CANADA 1.15
06/10/2025 400,000.00 12/22/2021
1.43%
396,240.00
398,702.93
95.39 5.19%
381,553.99
1,418.33
0.41%
(17,148.95)
A1/A
AA-
1.19 1.15
CONFIDENTIAL | 10
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
63743HFE7
NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORP 3.45
06/15/2025
685,000.00 --
3.55%
683,003.05
684,227.24
97.87 5.29%
670,422.48
6,958.46
0.71%
(13,804.76)
A2/A-
A
1.21 1.15
46647PBF2 JPMORGAN CHASE & CO 2.301
10/15/2025 1,150,000.00 11/13/2020
0.94%
1,210,363.50
1,158,327.46
98.24 5.66%
1,129,738.22
12,201.69
1.20%
(28,589.24)
A1/A-
AA-
1.54 0.52
46647PBK1 JPMORGAN CHASE & CO 2.083
04/22/2026 500,000.00 09/16/2021
1.18%
515,945.00
504,698.30
96.36 5.68%
481,781.12
4,599.96
0.51%
(22,917.18)
A1/A-
AA-
2.06 1.01
91324PEC2 UNITEDHEALTH GROUP INC 1.15
05/15/2026 1,245,000.00 --
1.40%
1,231,472.05
1,238,462.65
92.49 4.92%
1,151,561.31
5,408.83
1.22%
(86,901.35)
A2/A+
A
2.12 2.04
89236TJK2 TOYOTA MOTOR CREDIT CORP 1.125
06/18/2026 810,000.00 06/15/2021
1.13%
809,643.60
809,842.29
92.04 4.96%
745,546.60
2,607.19
0.79%
(64,295.69)
A1/A+
A+
2.22 2.13
06051GJD2 BANK OF AMERICA CORP 1.319
06/19/2026 500,000.00 09/16/2021
1.23%
501,675.00
500,543.64
95.06 5.58%
475,280.30
1,868.58
0.51%
(25,263.34)
A1/A-
AA-
2.22 1.17
931142ER0 WALMART INC 1.05 09/17/2026 240,000.00 09/08/2021
1.09%
239,546.40
239,776.68
91.68 4.67%
220,020.37
98.00 0.23%
(19,756.30)
Aa2/AA
AA
2.47 2.38
87612EBM7 TARGET CORP 1.95 01/15/2027 545,000.00 01/19/2022
1.99%
544,073.50
544,480.41
92.95 4.67%
506,592.67
2,243.58
0.54%
(37,887.73)
A2/A
A
2.79 2.65
808513BY0 CHARLES SCHWAB CORP 2.45
03/03/2027 1,000,000.00 --
2.76%
985,444.30
991,438.68
93.19 4.98%
931,888.33
1,905.56
0.99%
(59,550.35)
A2/A-
A
2.92 2.76
084664CZ2 BERKSHIRE HATHAWAY FINANCE
CORP 2.3 03/15/2027 1,095,000.00 03/07/2022
2.30%
1,094,791.95
1,094,877.18
94.16 4.43%
1,031,106.15
1,119.33
1.10%
(63,771.03)
Aa2/AA
A+
2.96 2.81
023135CF1 AMAZON.COM INC 3.3 04/13/2027 750,000.00 04/25/2022
3.34%
748,702.50
749,207.32
96.18 4.66%
721,375.71
11,550.00
0.77%
(27,831.61)
A1/AA
AA-
3.04 2.80
74340XBN0 PROLOGIS LP 2.125 04/15/2027 1,000,000.00 11/09/2022
5.15%
881,290.00
918,382.28
92.08 4.96%
920,832.85
9,798.61
0.98%
2,450.57
A3/A
WR
3.04 2.85
927804GH1 VIRGINIA ELECTRIC AND POWER CO
3.75 05/15/2027 250,000.00 05/16/2022
3.82%
249,220.00
249,509.16
96.47 4.98%
241,165.91
3,541.67
0.26%
(8,343.25)
A2/BBB+
A
3.12 2.86
14913R3A3 CATERPILLAR FINANCIAL SERVICES
CORP 3.6 08/12/2027 700,000.00 08/22/2022
3.81%
693,301.00
695,465.06
96.37 4.78%
674,603.50
3,430.00
0.72%
(20,861.57)
A2/A
A+
3.37 3.11
931142EX7 WALMART INC 3.95 09/09/2027 500,000.00 --
3.98%
499,366.20
499,564.05
98.25 4.50%
491,253.56
1,206.94
0.52%
(8,310.49)
Aa2/AA
AA
3.44 3.17
89115A2M3 TORONTO-DOMINION BANK 5.156
01/10/2028 1,100,000.00 06/28/2023
5.27%
1,094,940.00
1,095,783.84
100.64
4.97%
1,107,050.21
12,761.10
1.18%
11,266.37
A1/A
AA-
3.78 3.36
756109AU8 REALTY INCOME CORP 3.65
01/15/2028 1,000,000.00 04/24/2023
4.71%
955,470.00
964,272.74
95.29 5.03%
952,913.36
7,705.56
1.01%
(11,359.38)
A3/A-
WR
3.79 3.45
CONFIDENTIAL | 11
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
06051GGF0 BANK OF AMERICA CORP 3.824
01/20/2028 1,000,000.00 04/10/2023
5.10%
956,490.00
967,690.91
96.32 5.25%
963,155.22
7,541.78
1.02%
(4,535.69)
A1/A-
AA-
3.81 2.59
06406RAB3 BANK OF NEW YORK MELLON CORP
3.442 02/07/2028 1,000,000.00 04/26/2023
4.55%
961,850.00
971,214.84
95.89 5.01%
958,865.88
5,163.00
1.02%
(12,348.96)
A1/A
AA-
3.86 2.66
74456QBU9 PUBLIC SERVICE ELECTRIC AND GAS
CO 3.7 05/01/2028 1,250,000.00 09/06/2023
5.10%
1,178,487.50
1,187,168.45
96.02 4.78%
1,200,238.45
19,270.83
1.28%
13,070.00
A1/A
WR
4.08 3.67
037833ET3 APPLE INC 4.0 05/10/2028 205,000.00 05/08/2023
4.04%
204,604.35
204,675.16
98.42 4.42%
201,768.69
3,211.67
0.21%
(2,906.47)
Aaa/AA+
NA
4.11 3.69
02665WEM9 AMERICAN HONDA FINANCE CORP
5.125 07/07/2028 1,200,000.00 08/17/2023
5.33%
1,189,428.00
1,190,756.92
101.13
4.83%
1,213,553.47
14,350.00
1.29%
22,796.56
A3/A-
A
4.27 3.75
78016HZS2 ROYAL BANK OF CANADA 5.2
08/01/2028 1,000,000.00 09/07/2023
5.53%
986,020.00
987,608.99
101.00
4.94%
1,009,957.57
8,666.67
1.07%
22,348.58
A1/A
AA-
4.34 3.81
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 1,200,000.00 01/24/2024
4.64%
1,198,044.00
1,198,109.31
99.33 4.75%
1,191,999.43
9,353.33
1.27%
(6,109.88)
A1/A+
NA
4.84 4.25
Total Corporate 25,460,000.00 3.15%
25,280,274.05
25,212,676.98
96.67 5.10%
24,592,075.03
182,131.66
26.13%
(620,601.95)
A2/A
A+
2.76 2.34
MONEY MARKET
FUND
94975H312 ALLSPRING:TRS+ MM S 128,765.23 --
4.90%
128,765.23
128,765.23
1.00 4.90%
128,765.23
0.00 0.14%
0.00 Aaa/
AAAm
NA
0.00 0.00
Total Money
Market Fund 128,765.23 4.90%
128,765.23
128,765.23
1.00 4.90%
128,765.23
0.00 0.14%
0.00 Aaa/
AAAm
NA
0.00 0.00
SUPRANATIONAL
45950KDD9 INTERNATIONAL FINANCE CORP 4.5
07/13/2028 520,000.00 07/06/2023
4.53%
519,422.80
519,505.89
100.54
4.36%
522,800.99
5,070.00
0.56%
3,295.10
Aaa/AAA
NA
4.28 3.82
4581X0EN4 INTER-AMERICAN DEVELOPMENT
BANK 4.125 02/15/2029 1,250,000.00 02/15/2024
4.31%
1,239,725.00
1,239,956.22
99.04 4.34%
1,238,003.61
8,736.98
1.32%
(1,952.60)
Aaa/AAA
NA
4.88 4.34
Total
Supranational 1,770,000.00 4.37%
1,759,147.80
1,759,462.10
99.49 4.35%
1,760,804.60
13,806.98
1.87%
1,342.49
Aaa/AAA
NA
4.70 4.19
US TREASURY
CONFIDENTIAL | 12
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
91282CAZ4 UNITED STATES TREASURY 0.375
11/30/2025 2,000,000.00 12/28/2020
0.38%
1,999,453.13
1,999,814.97
93.04 4.77%
1,860,703.12
2,520.49
1.98%
(139,111.85)
Aaa/AA+
AA+
1.67 1.62
91282CBC4 UNITED STATES TREASURY 0.375
12/31/2025 2,000,000.00 01/27/2021
0.39%
1,998,125.00
1,999,333.64
92.75 4.74%
1,855,000.00
1,895.60
1.97%
(144,333.64)
Aaa/AA+
AA+
1.75 1.70
91282CBT7 UNITED STATES TREASURY 0.75
03/31/2026 1,500,000.00 03/30/2021
0.91%
1,487,988.28
1,495,204.52
92.66 4.64%
1,389,843.75
30.74 1.48%
(105,360.77)
Aaa/AA+
AA+
2.00 1.94
91282CBW0 UNITED STATES TREASURY 0.75
04/30/2026 1,000,000.00 04/29/2021
0.88%
993,398.44
997,255.98
92.38 4.63%
923,828.12
3,152.47
0.98%
(73,427.86)
Aaa/AA+
AA+
2.08 2.02
91282CCP4 UNITED STATES TREASURY 0.625
07/31/2026 1,000,000.00 08/10/2021
0.82%
990,507.81
995,549.39
91.39 4.55%
913,906.25
1,047.39
0.97%
(81,643.14)
Aaa/AA+
AA+
2.33 2.27
91282CCW9 UNITED STATES TREASURY 0.75
08/31/2026 2,250,000.00 --
0.97%
2,226,699.22
2,238,387.73
91.41 4.54%
2,056,728.51
1,467.39
2.19%
(181,659.22)
Aaa/AA+
AA+
2.42 2.34
91282CDG3 UNITED STATES TREASURY 1.125
10/31/2026 3,000,000.00 --
1.27%
2,979,511.72
2,989,213.85
91.84 4.51%
2,755,312.50
14,186.13
2.93%
(233,901.35)
Aaa/AA+
AA+
2.59 2.48
912828Z78 UNITED STATES TREASURY 1.5
01/31/2027 500,000.00 03/30/2022
2.45%
478,320.31
487,301.37
92.22 4.45%
461,093.75
1,256.87
0.49%
(26,207.62)
Aaa/AA+
AA+
2.84 2.72
912828V98 UNITED STATES TREASURY 2.25
02/15/2027 1,250,000.00 02/06/2023
3.92%
1,173,095.70
1,195,030.96
94.14 4.44%
1,176,757.81
3,554.26
1.25%
(18,273.15)
Aaa/AA+
AA+
2.88 2.73
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027 1,250,000.00 09/27/2022
4.25%
1,160,839.84
1,190,704.43
94.68 4.41%
1,183,496.10
85.38 1.26%
(7,208.33)
Aaa/AA+
AA+
3.00 2.84
91282CEN7 UNITED STATES TREASURY 2.75
04/30/2027 2,500,000.00 --
3.23%
2,445,792.97
2,465,825.05
95.23 4.42%
2,380,664.05
28,897.66
2.53%
(85,161.00)
Aaa/AA+
AA+
3.08 2.87
91282CEW7 UNITED STATES TREASURY 3.25
06/30/2027 1,400,000.00 07/12/2022
3.00%
1,416,296.88
1,410,651.85
96.57 4.44%
1,351,984.37
11,500.00
1.44%
(58,667.48)
Aaa/AA+
AA+
3.25 3.02
91282CFH9 UNITED STATES TREASURY 3.125
08/31/2027 1,000,000.00 09/08/2022
3.36%
989,101.56
992,520.45
96.06 4.38%
960,625.00
2,717.39
1.02%
(31,895.45)
Aaa/AA+
AA+
3.42 3.18
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 1,000,000.00 10/28/2022
4.19%
996,875.00
997,776.81
99.22 4.37%
992,226.56
112.70
1.05%
(5,550.25)
Aaa/AA+
AA+
3.50 3.22
91282CFU0 UNITED STATES TREASURY 4.125
10/31/2027 1,100,000.00 12/20/2022
3.84%
1,113,750.00
1,110,132.40
99.21 4.37%
1,091,277.34
19,072.46
1.16%
(18,855.05)
Aaa/AA+
AA+
3.59 3.24
91282CGC9 UNITED STATES TREASURY 3.875
12/31/2027 1,250,000.00 01/26/2023
3.62%
1,264,355.47
1,260,924.20
98.39 4.34%
1,229,833.99
12,242.45
1.31%
(31,090.21)
Aaa/AA+
AA+
3.75 3.42
9128283W8 UNITED STATES TREASURY 2.75
02/15/2028 1,250,000.00 03/08/2023
4.37%
1,161,083.98
1,180,257.11
94.40 4.33%
1,179,980.48
4,344.09
1.25%
(276.64)
Aaa/AA+
AA+
3.88 3.61
91282CGT2 UNITED STATES TREASURY 3.625
03/31/2028 1,750,000.00 06/29/2023
4.18%
1,708,437.50
1,715,045.36
97.48 4.32%
1,705,976.56
173.33
1.81%
(9,068.80)
Aaa/AA+
AA+
4.00 3.68
CONFIDENTIAL | 13
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
91282CHA2 UNITED STATES TREASURY 3.5
04/30/2028 2,180,000.00 --
3.55%
2,175,314.06
2,176,126.70
97.00 4.31%
2,114,685.15
32,071.15
2.25%
(61,441.55)
Aaa/AA+
AA+
4.08 3.70
91282CHQ7 UNITED STATES TREASURY 4.125
07/31/2028 1,000,000.00 09/28/2023
4.68%
976,250.00
978,736.56
99.38 4.28%
993,750.00
6,912.77
1.06%
15,013.44
Aaa/AA+
AA+
4.33 3.90
91282CHX2 UNITED STATES TREASURY 4.375
08/31/2028 1,500,000.00 09/25/2023
4.59%
1,485,644.53
1,487,143.05
100.41
4.27%
1,506,152.34
5,706.52
1.60%
19,009.29
Aaa/AA+
AA+
4.42 3.97
91282CJA0 UNITED STATES TREASURY 4.625
09/30/2028 1,850,000.00 --
4.93%
1,825,767.58
1,827,939.95
101.44
4.27%
1,876,666.01
233.78
1.99%
48,726.06
Aaa/AA+
AA+
4.50 4.03
9128285M8 UNITED STATES TREASURY 3.125
11/15/2028 1,000,000.00 11/17/2023
4.49%
939,570.31
943,981.48
95.25 4.27%
952,460.94
11,847.53
1.01%
8,479.46
Aaa/AA+
AA+
4.63 4.19
91282CJN2 UNITED STATES TREASURY 4.375
11/30/2028 1,500,000.00 12/21/2023
3.82%
1,536,855.47
1,534,793.20
100.53
4.25%
1,507,910.16
22,054.30
1.60%
(26,883.04)
Aaa/AA+
AA+
4.67 4.13
91282CJR3 UNITED STATES TREASURY 3.75
12/31/2028 1,200,000.00 01/30/2024
3.96%
1,188,609.38
1,188,996.26
97.87 4.25%
1,174,406.26
11,373.63
1.25%
(14,590.00)
Aaa/AA+
AA+
4.75 4.26
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029 1,500,000.00 02/26/2024
4.31%
1,479,199.22
1,479,592.12
98.97 4.24%
1,484,531.25
10,054.95
1.58%
4,939.13
Aaa/AA+
AA+
4.84 4.32
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 1,000,000.00 03/25/2024
4.24%
1,000,546.88
1,000,545.06
100.13
4.22%
1,001,328.12
3,695.65
1.06%
783.06
Aaa/AA+
AA+
4.91 4.38
Total US Treasury 39,730,000.00 3.00%
39,191,390.24
39,338,784.43
95.96 4.42%
38,081,128.48
212,207.09
40.46%
(1,257,655.95)
Aaa/AA+
AA+
3.39 3.13
Total Portfolio 97,534,267.28 2.81%
96,913,546.32
96,890,389.25
96.31 4.80%
94,109,752.10
506,383.58
100.00%
(2,780,637.15)
Aa2/AA-
AA
2.82 2.45
Total Market
Value + Accrued 94,616,135.69
CONFIDENTIAL | 14
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 03/01/2024 94975H312 2,007.98 ALLSPRING:TRS+ MM S 1.000 4.92% (2,007.98) 0.00 (2,007.98) 0.00 Purchase 03/04/2024 94975H312 12,250.00 ALLSPRING:TRS+ MM S 1.000 4.94% (12,250.00) 0.00 (12,250.00) 0.00 Purchase 03/08/2024 94975H312 21,875.00 ALLSPRING:TRS+ MM S 1.000 4.92% (21,875.00) 0.00 (21,875.00) 0.00 Purchase 03/11/2024 94975H312 9,875.00 ALLSPRING:TRS+ MM S 1.000 4.92% (9,875.00) 0.00 (9,875.00) 0.00 Purchase 03/13/2024 94975H312 4,131.94 ALLSPRING:TRS+ MM S 1.000 4.92% (4,131.94) 0.00 (4,131.94) 0.00 Purchase 03/14/2024 94975H312 20,781.25 ALLSPRING:TRS+ MM S 1.000 4.92% (20,781.25) 0.00 (20,781.25) 0.00 Purchase 03/15/2024 94975H312 220,132.10 ALLSPRING:TRS+ MM S 1.000 4.92% (220,132.10) 0.00 (220,132.10) 0.00 Purchase 03/18/2024 94975H312 38,617.85 ALLSPRING:TRS+ MM S 1.000 4.92% (38,617.85) 0.00 (38,617.85) 0.00 Purchase 03/20/2024 94975H312 138,674.15 ALLSPRING:TRS+ MM S 1.000 4.92% (138,674.15) 0.00 (138,674.15) 0.00 Purchase 03/21/2024 94975H312 15,485.69 ALLSPRING:TRS+ MM S 1.000 4.92% (15,485.69) 0.00 (15,485.69) 0.00 Purchase 03/25/2024 94975H312 52,722.39 ALLSPRING:TRS+ MM S 1.000 4.92% (52,722.39) 0.00 (52,722.39) 0.00 Purchase 03/26/2024 91282CKD2 1,000,000.00 UNITED STATES TREASURY 4.25 02/28/2029 100.055 4.24% (1,000,546.88) (3,002.72) (1,003,549.60) 0.00 Total Purchase 1,536,553.35 (1,537,100.23) (3,002.72) (1,540,102.95) 0.00 TOTAL ACQUISITIONS 1,536,553.35 (1,537,100.23) (3,002.72) (1,540,102.95) 0.00
DISPOSITIONS
Sale 03/11/2024 94975H312 (10,346.61) ALLSPRING:TRS+ MM S 1.000 4.92% 10,346.61 0.00 10,346.61 0.00 Sale 03/26/2024 94975H312 (1,003,549.60) ALLSPRING:TRS+ MM S 1.000 4.92% 1,003,549.60 0.00 1,003,549.60 0.00 Total Sale (1,013,896.21) 1,013,896.21 0.00 1,013,896.21 0.00 TOTAL DISPOSITIONS (1,013,896.21) 1,013,896.21 0.00 1,013,896.21 0.00 OTHER
TRANSACTIONS
Coupon 03/01/2024 3137BFE98 0.00 FHMS K-041 A2 3.171
10/25/2024 0.41% 2,082.13 0.00 2,082.13 0.00
Coupon 03/01/2024 3137FG6X8 0.00 FHMS K-077 A2 3.85
05/25/2028 4.23% 5,887.29 0.00 5,887.29 0.00
Coupon 03/03/2024 808513BY0 0.00 CHARLES SCHWAB CORP 2.45 03/03/2027 2.76% 12,250.00 0.00 12,250.00 0.00
CONFIDENTIAL | 15
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 03/08/2024 3130AWTR1 0.00 FEDERAL HOME LOAN BANKS
4.375 09/08/2028 4.70% 26,006.94 0.00 26,006.94 0.00
Coupon 03/09/2024 931142EX7 0.00 WALMART INC 3.95
09/09/2027 3.98% 9,875.00 0.00 9,875.00 0.00
Coupon 03/14/2024 3130A4CH3 0.00 FEDERAL HOME LOAN BANKS
2.375 03/14/2025 1.20% 20,781.25 0.00 20,781.25 0.00
Coupon 03/15/2024 00440EAS6 0.00 CHUBB INA HOLDINGS INC 3.15 03/15/2025 0.85% 18,112.50 0.00 18,112.50 0.00
Coupon 03/15/2024 44891RAC4 0.00 HART 2020-C A3 0.38
05/15/2025 0.37% 4.96 0.00 4.96 0.00
Coupon 03/15/2024 89240BAC2 0.00 TAOT 2021-A A3 0.26
05/15/2025 0.29% 4.78 0.00 4.78 0.00
Coupon 03/15/2024 47788UAC6 0.00 JDOT 2021 A3 0.36 09/15/2025 0.38% 15.53 0.00 15.53 0.00 Coupon 03/15/2024 44933LAC7 0.00 HART 2021-A A3 0.38
09/15/2025 0.39% 25.67 0.00 25.67 0.00
Coupon 03/15/2024 47789QAC4 0.00 JDOT 2021-B A3 0.52
03/16/2026 0.53% 83.26 0.00 83.26 0.00
Coupon 03/15/2024 44934KAC8 0.00 HART 2021-B A3 0.38
01/15/2026 0.61% 96.87 0.00 96.87 0.00
Coupon 03/15/2024 44935FAD6 0.00 HART 2021-C A3 0.74
05/15/2026 0.76% 79.16 0.00 79.16 0.00
Coupon 03/15/2024 43815BAC4 0.00 HAROT 2022-1 A3 1.88
05/15/2026 1.90% 668.68 0.00 668.68 0.00
Coupon 03/15/2024 084664CZ2 0.00 BERKSHIRE HATHAWAY
FINANCE CORP 2.3 03/15/2027 2.30% 12,592.50 0.00 12,592.50 0.00 Coupon 03/15/2024 47787JAC2 0.00 JDOT 2022 A3 0.36 09/15/2026 2.35% 430.95 0.00 430.95 0.00 Coupon 03/15/2024 89238FAD5 0.00 TAOT 2022-B A3 2.93
09/15/2026 2.95% 754.22 0.00 754.22 0.00
Coupon 03/15/2024 47800AAC4 0.00 JDOT 2022-B A3 3.74
02/16/2027 3.77% 1,246.67 0.00 1,246.67 0.00
Coupon 03/15/2024 58768PAC8 0.00 MBART 2022-1 A3 5.21
08/16/2027 5.28% 3,972.63 0.00 3,972.63 0.00
Coupon 03/15/2024 02582JJZ4 0.00 AMXCA 2023-1 A 4.87
05/15/2028 4.92% 1,521.87 0.00 1,521.87 0.00
CONFIDENTIAL | 16
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 03/15/2024 161571HT4 0.00 CHAIT 2023-1 A 5.16
09/15/2028 5.23% 4,321.50 0.00 4,321.50 0.00
Coupon 03/15/2024 02582JJT8 0.00 AMXCA 2022-2 A 05/17/2027 3.42% 2,373.00 0.00 2,373.00 0.00 Coupon 03/16/2024 362554AC1 0.00 GMCAR 2021-4 A3 0.68
09/16/2026 0.68% 83.86 0.00 83.86 0.00
Coupon 03/16/2024 380146AC4 0.00 GMCAR 2022-1 A3 1.23
11/16/2026 1.27% 154.43 0.00 154.43 0.00
Coupon 03/16/2024 362585AC5 0.00 GMCAR 2022-2 A3 3.1
02/16/2027 3.13% 746.55 0.00 746.55 0.00
Coupon 03/17/2024 931142ER0 0.00 WALMART INC 1.05
09/17/2026 1.09% 1,260.00 0.00 1,260.00 0.00
Coupon 03/20/2024 36265MAC9 0.00 GMALT 2022-1 A3 1.9
03/20/2025 1.91% 269.93 0.00 269.93 0.00
Coupon 03/20/2024 36266FAC3 0.00 GMALT 2022-2 A3 3.42
06/20/2025 3.47% 674.30 0.00 674.30 0.00
Coupon 03/21/2024 43815GAC3 0.00 HAROT 2021-4 A3 0.88
01/21/2026 0.90% 134.78 0.00 134.78 0.00
Coupon 03/23/2024 3137EAEX3 0.00
FEDERAL HOME LOAN
MORTGAGE CORP 0.375
09/23/2025
0.44% 2,925.00 0.00 2,925.00 0.00
Coupon 03/25/2024 05601XAC3 0.00 BMWLT 2022-1 A3 1.03
03/25/2025 0.00% 17.89 0.00 17.89 0.00
Coupon 03/25/2024 05602RAD3 0.00 BMWOT 2022-A A3 3.21
08/25/2026 3.24% 740.73 0.00 740.73 0.00
Coupon 03/25/2024 05592XAD2 0.00 BMWOT 2023-A A3 5.47
02/25/2028 5.54% 820.50 0.00 820.50 0.00
Coupon 03/31/2024 91282CBT7 0.00 UNITED STATES TREASURY 0.75 03/31/2026 0.91% 5,625.00 0.00 5,625.00 0.00
Coupon 03/31/2024 91282CEF4 0.00 UNITED STATES TREASURY 2.5 03/31/2027 4.25% 15,625.00 0.00 15,625.00 0.00
Coupon 03/31/2024 91282CFM8 0.00 UNITED STATES TREASURY
4.125 09/30/2027 4.19% 20,625.00 0.00 20,625.00 0.00
Coupon 03/31/2024 91282CGT2 0.00 UNITED STATES TREASURY
3.625 03/31/2028 4.18% 31,718.75 0.00 31,718.75 0.00
CONFIDENTIAL | 17
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 03/31/2024 91282CJA0 0.00 UNITED STATES TREASURY
4.625 09/30/2028 4.93% 42,781.25 0.00 42,781.25 0.00
Total Coupon 0.00 247,390.33 0.00 247,390.33 0.00
Dividend 03/31/2024 94975H312 0.00 ALLSPRING:TRS+ MM S 4.93% 2,781.69 0.00 2,781.69 0.00 Total Dividend 0.00 2,781.69 0.00 2,781.69 0.00
Management Fee 03/11/2024 CCYUSD (10,346.61) Cash 0.00% (10,346.61) 0.00 (10,346.61) 0.00 Total Management Fee (10,346.61) (10,346.61) 0.00 (10,346.61) 0.00 Principal Paydown 03/01/2024 3137BFE98 1,956.93 FHMS K-041 A2 3.171 10/25/2024 0.41% 1,956.93 -- 1,956.93 0.00
Principal Paydown 03/15/2024 89240BAC2 6,911.62 TAOT 2021-A A3 0.26 05/15/2025 0.29% 6,911.62 -- 6,911.62 (0.00)
Principal Paydown 03/15/2024 44891RAC4 15,652.15 HART 2020-C A3 0.38 05/15/2025 0.37% 15,652.15 -- 15,652.15 0.00
Principal Paydown 03/15/2024 47788UAC6 6,538.76 JDOT 2021 A3 0.36 09/15/2025 0.38% 6,538.76 -- 6,538.76 0.00 Principal Paydown 03/15/2024 44933LAC7 17,215.30 HART 2021-A A3 0.38 09/15/2025 0.39% 17,215.30 -- 17,215.30 0.00
Principal Paydown 03/15/2024 47789QAC4 17,446.61 JDOT 2021-B A3 0.52 03/16/2026 0.53% 17,446.61 -- 17,446.61 (0.00)
Principal Paydown 03/15/2024 44934KAC8 39,183.69 HART 2021-B A3 0.38 01/15/2026 0.61% 39,183.69 -- 39,183.69 (0.00)
Principal Paydown 03/15/2024 44935FAD6 11,288.17 HART 2021-C A3 0.74 05/15/2026 0.76% 11,288.17 -- 11,288.17 0.00
Principal Paydown 03/15/2024 43815BAC4 30,029.35 HAROT 2022-1 A3 1.88 05/15/2026 1.90% 30,029.35 -- 30,029.35 0.00
Principal Paydown 03/15/2024 47787JAC2 11,131.14 JDOT 2022 A3 0.36 09/15/2026 2.35% 11,131.14 -- 11,131.14 0.00 Principal Paydown 03/15/2024 89238FAD5 18,430.56 TAOT 2022-B A3 2.93 09/15/2026 2.95% 18,430.56 -- 18,430.56 (0.00)
Principal Paydown 03/16/2024 362554AC1 10,700.77 GMCAR 2021-4 A3 0.68 09/16/2026 0.68% 10,700.77 -- 10,700.77 (0.00)
Principal Paydown 03/16/2024 380146AC4 9,753.06 GMCAR 2022-1 A3 1.23 11/16/2026 1.27% 9,753.06 -- 9,753.06 (0.00)
Principal Paydown 03/16/2024 362585AC5 15,919.18 GMCAR 2022-2 A3 3.1 02/16/2027 3.13% 15,919.18 -- 15,919.18 (0.00)
CONFIDENTIAL | 18
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Principal Paydown 03/20/2024 36265MAC9 81,724.52 GMALT 2022-1 A3 1.9 03/20/2025 1.91% 81,724.52 -- 81,724.52 (0.01)
Principal Paydown 03/20/2024 36266FAC3 56,005.40 GMALT 2022-2 A3 3.42 06/20/2025 3.47% 56,005.40 -- 56,005.40 0.00
Principal Paydown 03/21/2024 43815GAC3 15,350.91 HAROT 2021-4 A3 0.88 01/21/2026 0.90% 15,350.91 -- 15,350.91 0.00
Principal Paydown 03/25/2024 05601XAC3 19,516.10 BMWLT 2022-1 A3 1.03 03/25/2025 0.00% 19,516.10 -- 19,516.10 0.00
Principal Paydown 03/25/2024 05602RAD3 18,775.82 BMWOT 2022-A A3 3.21 08/25/2026 3.24% 18,775.82 -- 18,775.82 (0.00)
Total Principal
Paydown 403,530.04 403,530.04 -- 403,530.04 (0.00)
TOTAL OTHER
TRANSACTIONS 393,183.43 643,355.45 0.00 643,355.45 (0.00) CONFIDENTIAL | 19
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
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
CASH & EQUIVALENTS
94975H312 ALLSPRING:TRS+ MM S
128,765.23
606,108.09
536,553.35
(1,013,896.21)
128,765.23
0.00 2,007.98
0.00 2,007.98
0.00 0.00
0.00 2,007.98
2,007.98
CCYUSD Receivable
119,156.69
2,007.98
0.00 0.00
119,156.69
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 Total Cash & Equivalents 247,921.92
608,116.07
536,553.35
(1,013,896.21)
247,921.92
0.00 2,007.98
0.00 2,007.98
0.00 0.00
0.00 2,007.98 2,007.98
FIXED INCOME
00440EAS6 CHUBB INA HOLDINGS INC
3.15 03/15/2025
02/24/2021
02/26/2021
1,150,000.00
1,177,171.33
0.00 0.00
1,174,948.87
16,703.75
18,112.50
1,610.00
3,018.75
0.00 (2,222.46)
(2,222.46)
796.29
796.29
023135CF1 AMAZON.COM INC 3.3
04/13/2027
04/25/2022
04/27/2022
750,000.00
749,185.13
0.00 0.00
749,207.32
9,487.50
0.00 11,550.00
2,062.50
22.20 0.00
22.20 2,084.70
2,084.70
02582JJT8 AMXCA 2022-2 A 05/17/2027
05/17/2022
05/24/2022
840,000.00
839,891.49
0.00 0.00
839,899.13
1,265.60
2,373.00
1,265.60
2,373.00
7.65 0.00
7.65 2,380.65
2,380.65
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2028
06/07/2023
06/14/2023
375,000.00
374,971.57
0.00 0.00
374,972.14
811.67
1,521.87
811.67
1,521.87
0.57 0.00
0.57 1,522.44
1,522.44
02665WEM9 AMERICAN HONDA FINANCE
CORP 5.125 07/07/2028
08/17/2023
08/21/2023
1,200,000.00
1,190,573.00
0.00 0.00
1,190,756.92
9,225.00
0.00 14,350.00
5,125.00
183.91
0.00 183.91
5,308.91
5,308.91
CONFIDENTIAL | 20
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
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
037833ET3 APPLE INC 4.0 05/10/2028
05/08/2023
05/10/2023
205,000.00
204,668.45
0.00 0.00
204,675.16
2,528.33
0.00 3,211.67
683.33
6.71 0.00
6.71 690.05
690.05
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028
07/11/2023
07/18/2023
180,000.00
179,972.40
0.00 0.00
179,972.99
164.10
820.50
164.10
820.50
0.59 0.00
0.59 821.09
821.09
05601XAC3 BMWLT 2022-1 A3 1.03
03/25/2025
01/11/2022
01/19/2022
0.00 19,515.31
0.00 (19,516.10)
0.00 3.58
17.89 0.00
14.31 0.79
0.00 0.79
15.10 15.10
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026
05/10/2022
05/18/2022
258,132.95
276,900.94
0.00 (18,775.82)
258,125.90
148.15
740.73
138.10
730.68
0.78 0.00
0.78 731.47
731.47
06051GGF0 BANK OF AMERICA CORP
3.824 01/20/2028
04/10/2023
04/12/2023
1,000,000.00
966,712.80
0.00 0.00
967,690.91
4,355.11
0.00 7,541.78
3,186.67
978.11
0.00 978.11
4,164.77
4,164.77
06051GJD2 BANK OF AMERICA CORP
1.319 06/19/2026
09/16/2021
09/20/2021
500,000.00
500,581.60
0.00 0.00
500,543.64
1,319.00
0.00 1,868.58
549.58
0.00 (37.96)
(37.96)
511.63
511.63
06367WB85 BANK OF MONTREAL 1.85
05/01/2025
03/24/2021
03/26/2021
1,150,000.00
1,159,179.49
0.00 0.00
1,158,511.50
7,091.67
0.00 8,864.58
1,772.92
0.00 (667.99)
(667.99)
1,104.93
1,104.93
06406RAB3 BANK OF NEW YORK MELLON
CORP 3.442 02/07/2028
04/26/2023
04/28/2023
1,000,000.00
970,358.47
0.00 0.00
971,214.84
2,294.67
0.00 5,163.00
2,868.33
856.37
0.00 856.37
3,724.71
3,724.71
084664CZ2
BERKSHIRE HATHAWAY
FINANCE CORP 2.3
03/15/2027
03/07/2022
03/15/2022
1,095,000.00
1,094,873.64
0.00 0.00
1,094,877.18
11,613.08
12,592.50
1,119.33
2,098.75
3.53 0.00
3.53 2,102.28
2,102.28
CONFIDENTIAL | 21
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
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
14913R2V8
CATERPILLAR FINANCIAL
SERVICES CORP 3.4
05/13/2025
05/10/2022
05/13/2022
445,000.00
444,774.15
0.00 0.00
444,790.13
4,539.00
0.00 5,799.83
1,260.83
15.99 0.00
15.99 1,276.82
1,276.82
14913R3A3
CATERPILLAR FINANCIAL
SERVICES CORP 3.6
08/12/2027
08/22/2022
08/24/2022
700,000.00
695,350.58
0.00 0.00
695,465.06
1,330.00
0.00 3,430.00
2,100.00
114.48
0.00 114.48
2,214.48
2,214.48
161571HT4 CHAIT 2023-1 A 5.16
09/15/2028
09/07/2023
09/15/2023
1,005,000.00
1,004,747.03
0.00 0.00
1,004,751.75
2,304.80
4,321.50
2,304.80
4,321.50
4.73 0.00
4.73 4,326.23
4,326.23
3130A4CH3 FEDERAL HOME LOAN BANKS
2.375 03/14/2025
03/19/2020
03/20/2020
1,750,000.00
1,770,997.18
0.00 0.00
1,769,275.18
19,280.38
20,781.25
1,962.67
3,463.54
0.00 (1,721.99)
(1,721.99)
1,741.55
1,741.55
3130AJHU6 FEDERAL HOME LOAN BANKS
0.5 04/14/2025
05/28/2020
05/29/2020
1,900,000.00
1,899,908.37
0.00 0.00
1,899,915.32
3,615.28
0.00 4,406.94
791.67
6.94 0.00
6.94 798.61
798.61
3130ATUC9 FEDERAL HOME LOAN BANKS
4.5 12/12/2025
02/08/2023
02/09/2023
1,800,000.00
1,808,520.13
0.00 0.00
1,808,114.41
17,775.00
0.00 24,525.00
6,750.00
0.00 (405.72)
(405.72)
6,344.28
6,344.28
3130AWMN7 FEDERAL HOME LOAN BANKS
4.375 06/09/2028
07/26/2023
07/27/2023
1,000,000.00
1,003,948.57
0.00 0.00
1,003,870.15
9,965.28
0.00 13,611.11
3,645.83
0.00 (78.41)
(78.41)
3,567.42
3,567.42
3130AWTR1 FEDERAL HOME LOAN BANKS
4.375 09/08/2028
09/21/2023
09/22/2023
1,000,000.00
986,851.43
0.00 0.00
987,098.16
25,156.25
26,006.94
2,795.14
3,645.83
246.73
0.00 246.73
3,892.56
3,892.56
3133EPN50
FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.25
12/15/2028
12/28/2023
12/29/2023
1,000,000.00
1,016,139.00
0.00 0.00
1,015,853.11
8,972.22
0.00 12,513.89
3,541.67
0.00 (285.89)
(285.89)
3,255.78
3,255.78
CONFIDENTIAL | 22
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
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
3135G03U5
FEDERAL NATIONAL
MORTGAGE ASSOCIATION
0.625 04/22/2025
04/22/2020
04/24/2020
805,000.00
804,620.88
0.00 0.00
804,649.07
1,802.86
0.00 2,222.14
419.27
28.18 0.00
28.18 447.45
447.45
3135G04Z3
FEDERAL NATIONAL
MORTGAGE ASSOCIATION 0.5
06/17/2025
06/17/2020
06/19/2020
2,020,000.00
2,018,915.68
0.00 0.00
2,018,986.74
2,076.11
0.00 2,917.78
841.67
71.07 0.00
71.07 912.73
912.73
3135G05X7
FEDERAL NATIONAL
MORTGAGE ASSOCIATION
0.375 08/25/2025
08/25/2020
08/27/2020
1,700,000.00
1,697,635.88
0.00 0.00
1,697,771.10
106.25
0.00 637.50
531.25
135.22
0.00 135.22
666.47
666.47
3135G06G3
FEDERAL NATIONAL
MORTGAGE ASSOCIATION 0.5
11/07/2025
11/09/2020
11/12/2020
1,680,000.00
1,677,965.47
0.00 0.00
1,678,067.86
2,660.00
0.00 3,360.00
700.00
102.39
0.00 102.39
802.39
802.39
3135G0X24
FEDERAL NATIONAL
MORTGAGE ASSOCIATION
1.625 01/07/2025
01/08/2020
01/10/2020
1,835,000.00
1,833,998.72
0.00 0.00
1,834,098.20
4,472.81
0.00 6,957.71
2,484.90
99.49 0.00
99.49 2,584.38
2,584.38
3137BFE98 FHMS K-041 A2 3.171
10/25/2024
07/01/2021
07/07/2021
785,984.22
798,740.65
0.00 (1,956.93)
795,196.37
2,082.13
2,082.13
2,076.96
2,076.96
0.00 (1,587.35)
(1,587.35)
489.61
489.61
3137EAEP0
FEDERAL HOME LOAN
MORTGAGE CORP 1.5
02/12/2025
02/13/2020
02/14/2020
2,040,000.00
2,039,700.47
0.00 0.00
2,039,727.15
1,615.00
0.00 4,165.00
2,550.00
26.68 0.00
26.68 2,576.68
2,576.68
3137EAEU9
FEDERAL HOME LOAN
MORTGAGE CORP 0.375
07/21/2025
07/21/2020
07/23/2020
1,075,000.00
1,073,511.94
0.00 0.00
1,073,602.92
447.92
0.00 783.85
335.94
90.99 0.00
90.99 426.92
426.92
3137EAEX3
FEDERAL HOME LOAN
MORTGAGE CORP 0.375
09/23/2025
09/23/2020
09/25/2020
1,560,000.00
1,558,530.05
0.00 0.00
1,558,609.86
2,567.50
2,925.00
130.00
487.50
79.80 0.00
79.80 567.30
567.30
CONFIDENTIAL | 23
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
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
3137FG6X8 FHMS K-077 A2 3.85
05/25/2028
05/24/2023
05/30/2023
1,835,000.00
1,806,482.01
0.00 0.00
1,807,062.86
5,887.29
5,887.29
5,887.29
5,887.29
580.85
0.00 580.85
6,468.14
6,468.14
362554AC1 GMCAR 2021-4 A3 0.68
09/16/2026
10/13/2021
10/21/2021
137,290.12
147,989.21
0.00 (10,700.77)
137,288.61
41.93 83.86
38.90 80.83
0.17 0.00
0.17 81.00
81.00 362585AC5 GMCAR 2022-2 A3 3.1
02/16/2027
04/05/2022
04/13/2022
273,067.83
288,952.76
0.00 (15,919.18)
273,036.39
373.27
746.55
352.71
725.99
2.81 0.00
2.81 728.80
728.80
36265MAC9 GMALT 2022-1 A3 1.9
03/20/2025
02/15/2022
02/23/2022
88,754.37
170,478.48
0.00 (81,724.53)
88,754.17
98.97 269.93
51.53 222.48
0.22 0.00
0.22 222.70
222.70
36266FAC3 GMALT 2022-2 A3 3.42
06/20/2025
05/03/2022
05/11/2022
180,591.65
236,587.83
0.00 (56,005.40)
180,585.07
247.24
674.30
188.72
615.77
2.64 0.00
2.64 618.41
618.41
380146AC4 GMCAR 2022-1 A3 1.23
11/16/2026
01/11/2022
01/19/2022
137,324.47
147,071.15
0.00 (9,753.06)
137,318.70
77.22 154.43
72.10 149.31
0.61 0.00
0.61 149.92
149.92
43815BAC4 HAROT 2022-1 A3 1.88
05/15/2026
02/15/2022
02/23/2022
396,784.71
426,783.18
0.00 (30,029.35)
396,757.11
356.63
668.68
331.54
643.59
3.28 0.00
3.28 646.87
646.87
43815GAC3 HAROT 2021-4 A3 0.88
01/21/2026
11/16/2021
11/24/2021
168,438.01
183,773.09
0.00 (15,350.91)
168,424.15
44.93 134.78
41.17 131.03
1.97 0.00
1.97 133.00
133.00
44891RAC4 HART 2020-C A3 0.38
05/15/2025
10/20/2020
10/28/2020
0.00 15,651.52
0.00 (15,652.15)
0.00 2.64
4.96 0.00
2.32 0.62
0.00 0.62
2.94 2.94
CONFIDENTIAL | 24
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
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
44933LAC7 HART 2021-A A3 0.38
09/15/2025
04/20/2021
04/28/2021
63,862.70
81,075.82
0.00 (17,215.30)
63,861.08
13.69 25.67
10.79 22.76
0.56 0.00
0.56 23.32
23.32 44934KAC8 HART 2021-B A3 0.38
01/15/2026
07/20/2021
07/28/2021
266,707.73
305,868.75
0.00 (39,183.69)
266,688.86
51.66 96.87
45.04 90.25
3.80 0.00
3.80 94.05
94.05 44935FAD6 HART 2021-C A3 0.74
05/15/2026
11/09/2021
11/17/2021
117,083.67
128,359.74
0.00 (11,288.17)
117,073.06
42.22 79.16
38.51 75.45
1.49 0.00
1.49 76.94
76.94 4581X0EN4
INTER-AMERICAN
DEVELOPMENT BANK 4.125
02/15/2029
02/15/2024
02/20/2024
1,250,000.00
1,239,781.39
0.00 0.00
1,239,956.22
4,440.10
0.00 8,736.98
4,296.88
174.82
0.00 174.82
4,471.70
4,471.70
45950KDD9 INTERNATIONAL FINANCE
CORP 4.5 07/13/2028
07/06/2023
07/13/2023
520,000.00
519,496.10
0.00 0.00
519,505.89
3,120.00
0.00 5,070.00
1,950.00
9.79 0.00
9.79 1,959.79
1,959.79
46647PBF2 JPMORGAN CHASE & CO
2.301 10/15/2025
11/13/2020
11/17/2020
1,150,000.00
1,159,637.87
0.00 0.00
1,158,327.46
9,996.57
0.00 12,201.69
2,205.13
0.00 (1,310.41)
(1,310.41)
894.71
894.71
46647PBK1 JPMORGAN CHASE & CO
2.083 04/22/2026
09/16/2021
09/20/2021
500,000.00
505,075.62
0.00 0.00
504,698.30
3,732.04
0.00 4,599.96
867.92
0.00 (377.32)
(377.32)
490.59
490.59
47787JAC2 JDOT 2022 A3 0.36
09/15/2026
03/10/2022
03/16/2022
211,776.66
222,881.67
0.00 (11,131.14)
211,752.67
229.84
430.95
218.37
419.47
2.13 0.00
2.13 421.61
421.61
47788UAC6 JDOT 2021 A3 0.36
09/15/2025
03/02/2021
03/10/2021
45,225.47
51,761.41
0.00 (6,538.76)
45,223.15
8.28 15.53
7.24 14.48
0.49 0.00
0.49 14.98
14.98 CONFIDENTIAL | 25
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
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
47789QAC4 JDOT 2021-B A3 0.52
03/16/2026
07/13/2021
07/21/2021
174,702.03
192,142.06
0.00 (17,446.61)
174,696.30
44.41 83.26
40.38 79.23
0.85 0.00
0.85 80.07
80.07 47800AAC4 JDOT 2022-B A3 3.74
02/16/2027
07/12/2022
07/20/2022
400,000.00
399,976.04
0.00 0.00
399,976.73
664.89
1,246.67
664.89
1,246.67
0.69 0.00
0.69 1,247.36
1,247.36
58768PAC8 MBART 2022-1 A3 5.21
08/16/2027
11/15/2022
11/22/2022
915,000.00
914,868.84
0.00 0.00
914,872.06
2,118.73
3,972.63
2,118.73
3,972.63
3.22 0.00
3.22 3,975.85
3,975.85
61747YEA9 MORGAN STANLEY 0.79
05/30/2025
05/26/2021
06/01/2021
1,240,000.00
1,240,054.16
0.00 0.00
1,240,035.50
2,476.21
0.00 3,292.54
816.33
0.00 (18.65)
(18.65)
797.68
797.68
63743HFE7
NATIONAL RURAL UTILITIES
COOPERATIVE FINANCE CORP
3.45 06/15/2025 685,000.00
684,172.80
0.00 0.00
684,227.24
4,989.08
0.00 6,958.46
1,969.38
54.44 0.00
54.44 2,023.82
2,023.82
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029
01/24/2024
01/31/2024
1,200,000.00
1,198,076.12
0.00 0.00
1,198,109.31
4,753.33
0.00 9,353.33
4,600.00
33.19 0.00
33.19 4,633.19
4,633.19
74340XBN0 PROLOGIS LP 2.125
04/15/2027
11/09/2022
11/14/2022
1,000,000.00
916,100.81
0.00 0.00
918,382.28
8,027.78
0.00 9,798.61
1,770.83
2,281.47
0.00 2,281.47
4,052.30
4,052.30
74456QBU9 PUBLIC SERVICE ELECTRIC
AND GAS CO 3.7 05/01/2028
09/06/2023
09/08/2023
1,250,000.00
1,185,862.09
0.00 0.00
1,187,168.45
15,416.67
0.00 19,270.83
3,854.17
1,306.36
0.00 1,306.36
5,160.52
5,160.52
756109AU8 REALTY INCOME CORP 3.65
01/15/2028
04/24/2023
04/26/2023
1,000,000.00
963,472.49
0.00 0.00
964,272.74
4,663.89
0.00 7,705.56
3,041.67
800.25
0.00 800.25
3,841.92
3,841.92
CONFIDENTIAL | 26
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
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
78015K7H1 ROYAL BANK OF CANADA
1.15 06/10/2025
12/22/2021
12/27/2021
400,000.00
398,610.50
0.00 0.00
398,702.93
1,035.00
0.00 1,418.33
383.33
92.43 0.00
92.43 475.77
475.77
78016HZS2 ROYAL BANK OF CANADA 5.2
08/01/2028
09/07/2023
09/11/2023
1,000,000.00
987,366.34
0.00 0.00
987,608.99
4,333.33
0.00 8,666.67
4,333.33
242.65
0.00 242.65
4,575.99
4,575.99
808513BY0 CHARLES SCHWAB CORP 2.45
03/03/2027 1,000,000.00
991,189.71
0.00 0.00
991,438.68
12,113.89
12,250.00
1,905.56
2,041.67
248.97
0.00 248.97
2,290.64
2,290.64
87612EBM7 TARGET CORP 1.95
01/15/2027
01/19/2022
01/24/2022
545,000.00
544,464.60
0.00 0.00
544,480.41
1,357.96
0.00 2,243.58
885.63
15.81 0.00
15.81 901.43
901.43
89115A2M3 TORONTO-DOMINION BANK
5.156 01/10/2028
06/28/2023
06/30/2023
1,100,000.00
1,095,689.06
0.00 0.00
1,095,783.84
8,034.77
0.00 12,761.10
4,726.33
94.78 0.00
94.78 4,821.11
4,821.11
89236TJK2 TOYOTA MOTOR CREDIT
CORP 1.125 06/18/2026
06/15/2021
06/18/2021
810,000.00
809,836.24
0.00 0.00
809,842.29
1,847.81
0.00 2,607.19
759.38
6.05 0.00
6.05 765.43
765.43
89238FAD5 TAOT 2022-B A3 2.93
09/15/2026
04/07/2022
04/13/2022
290,463.24
308,890.56
0.00 (18,430.56)
290,460.30
402.25
754.22
378.25
730.22
0.29 0.00
0.29 730.51
730.51
89240BAC2 TAOT 2021-A A3 0.26
05/15/2025
02/02/2021
02/08/2021
15,155.53
22,066.35
0.00 (6,911.62)
15,155.02
2.55 4.78
1.75 3.98
0.29 0.00
0.29 4.27
4.27 90331HPL1 US BANK NA 2.05 01/21/2025
01/16/2020
01/21/2020
1,150,000.00
1,149,562.93
0.00 0.00
1,149,604.49
2,619.44
0.00 4,584.03
1,964.58
41.56 0.00
41.56 2,006.15
2,006.15
CONFIDENTIAL | 27
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
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
9128283J7 UNITED STATES TREASURY
2.125 11/30/2024 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 9128283W8 UNITED STATES TREASURY
2.75 02/15/2028
03/08/2023
03/09/2023
1,250,000.00
1,178,729.18
0.00 0.00
1,180,257.11
1,416.55
0.00 4,344.09
2,927.54
1,527.94
0.00 1,527.94
4,455.48
4,455.48
9128285M8 UNITED STATES TREASURY
3.125 11/15/2028
11/17/2023
11/20/2023
1,000,000.00
942,953.31
0.00 0.00
943,981.48
9,186.13
0.00 11,847.53
2,661.40
1,028.17
0.00 1,028.17
3,689.57
3,689.57
912828V98 UNITED STATES TREASURY
2.25 02/15/2027
02/06/2023
02/07/2023
1,250,000.00
1,193,408.07
0.00 0.00
1,195,030.96
1,159.00
0.00 3,554.26
2,395.26
1,622.90
0.00 1,622.90
4,018.16
4,018.16
912828Z78 UNITED STATES TREASURY 1.5
01/31/2027
03/30/2022
03/31/2022
500,000.00
486,921.02
0.00 0.00
487,301.37
618.13
0.00 1,256.87
638.74
380.35
0.00 380.35
1,019.08
1,019.08
91282CAZ4 UNITED STATES TREASURY
0.375 11/30/2025
12/28/2020
12/29/2020
2,000,000.00
1,999,805.54
0.00 0.00
1,999,814.97
1,885.25
0.00 2,520.49
635.25
9.43 0.00
9.43 644.68
644.68
91282CBC4 UNITED STATES TREASURY
0.375 12/31/2025
01/27/2021
01/28/2021
2,000,000.00
1,999,301.31
0.00 0.00
1,999,333.64
1,256.87
0.00 1,895.60
638.74
32.33 0.00
32.33 671.06
671.06
91282CBT7 UNITED STATES TREASURY
0.75 03/31/2026
03/30/2021
03/31/2021
1,500,000.00
1,495,000.60
0.00 0.00
1,495,204.52
4,702.87
0.00 30.74
(4,672.13)
203.92
0.00 203.92
(4,468.21)
(4,468.21)
91282CBW0 UNITED STATES TREASURY
0.75 04/30/2026
04/29/2021
04/30/2021
1,000,000.00
997,143.91
0.00 0.00
997,255.98
2,513.74
0.00 3,152.47
638.74
112.07
0.00 112.07
750.81
750.81
CONFIDENTIAL | 28
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
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
91282CCP4 UNITED STATES TREASURY
0.625 07/31/2026
08/10/2021
08/11/2021
1,000,000.00
995,387.27
0.00 0.00
995,549.39
515.11
0.00 1,047.39
532.28
162.13
0.00 162.13
694.41
694.41
91282CCW9 UNITED STATES TREASURY
0.75 08/31/2026 2,250,000.00
2,237,979.58
0.00 0.00
2,238,387.73
45.86 0.00
1,467.39
1,421.54
408.14
0.00 408.14
1,829.68
1,829.68
91282CDG3 UNITED STATES TREASURY
1.125 10/31/2026 3,000,000.00
2,988,859.26
0.00 0.00
2,989,213.85
11,311.81
0.00 14,186.13
2,874.31
354.58
0.00 354.58
3,228.90
3,228.90
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027
09/27/2022
09/28/2022
1,250,000.00
1,189,024.21
0.00 0.00
1,190,704.43
13,063.52
0.00 85.38
(12,978.14)
1,680.22
0.00 1,680.22
(11,297.92)
(11,297.92)
91282CEN7 UNITED STATES TREASURY
2.75 04/30/2027 2,500,000.00
2,464,882.50
0.00 0.00
2,465,825.05
23,042.58
0.00 28,897.66
5,855.08
942.55
0.00 942.55
6,797.63
6,797.63
91282CEW7 UNITED STATES TREASURY
3.25 06/30/2027
07/12/2022
07/13/2022
1,400,000.00
1,410,930.51
0.00 0.00
1,410,651.85
7,625.00
0.00 11,500.00
3,875.00
0.00 (278.66)
(278.66)
3,596.34
3,596.34
91282CFH9 UNITED STATES TREASURY
3.125 08/31/2027
09/08/2022
09/09/2022
1,000,000.00
992,334.51
0.00 0.00
992,520.45
84.92 0.00
2,717.39
2,632.47
185.94
0.00 185.94
2,818.41
2,818.41
91282CFM8 UNITED STATES TREASURY
4.125 09/30/2027
10/28/2022
10/31/2022
1,000,000.00
997,722.84
0.00 0.00
997,776.81
17,243.85
0.00 112.70
(17,131.15)
53.97 0.00
53.97 (17,077.18)
(17,077.18)
91282CFU0 UNITED STATES TREASURY
4.125 10/31/2027
12/20/2022
12/21/2022
1,100,000.00
1,110,372.54
0.00 0.00
1,110,132.40
15,208.10
0.00 19,072.46
3,864.35
0.00 (240.14)
(240.14)
3,624.21
3,624.21
CONFIDENTIAL | 29
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
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
91282CGC9 UNITED STATES TREASURY
3.875 12/31/2027
01/26/2023
01/27/2023
1,250,000.00
1,261,171.57
0.00 0.00
1,260,924.20
8,117.27
0.00 12,242.45
4,125.17
0.00 (247.37)
(247.37)
3,877.80
3,877.80
91282CGT2 UNITED STATES TREASURY
3.625 03/31/2028
06/29/2023
06/30/2023
1,750,000.00
1,714,303.18
0.00 0.00
1,715,045.36
26,518.95
0.00 173.33
(26,345.63)
742.19
0.00 742.19
(25,603.44)
(25,603.44)
91282CHA2 UNITED STATES TREASURY 3.5
04/30/2028 2,180,000.00
2,176,046.11
0.00 0.00
2,176,126.70
25,573.08
0.00 32,071.15
6,498.08
112.68
(32.10)
80.59 6,578.66
6,578.66
91282CHQ7 UNITED STATES TREASURY
4.125 07/31/2028
09/28/2023
09/29/2023
1,000,000.00
978,319.89
0.00 0.00
978,736.56
3,399.73
0.00 6,912.77
3,513.05
416.67
0.00 416.67
3,929.72
3,929.72
91282CHX2 UNITED STATES TREASURY
4.375 08/31/2028
09/25/2023
09/26/2023
1,500,000.00
1,486,895.95
0.00 0.00
1,487,143.05
178.33
0.00 5,706.52
5,528.19
247.10
0.00 247.10
5,775.29
5,775.29
91282CJA0 UNITED STATES TREASURY
4.625 09/30/2028 1,850,000.00
1,827,523.72
0.00 0.00
1,827,939.95
35,767.93
0.00 233.78
(35,534.15)
416.23
0.00 416.23
(35,117.93)
(35,117.93)
91282CJN2 UNITED STATES TREASURY
4.375 11/30/2028
12/21/2023
12/22/2023
1,500,000.00
1,535,426.17
0.00 0.00
1,534,793.20
16,495.90
0.00 22,054.30
5,558.40
0.00 (632.97)
(632.97)
4,925.43
4,925.43
91282CJR3 UNITED STATES TREASURY
3.75 12/31/2028
01/30/2024
01/31/2024
1,200,000.00
1,188,799.65
0.00 0.00
1,188,996.26
7,541.21
0.00 11,373.63
3,832.42
196.61
0.00 196.61
4,029.03
4,029.03
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029
02/26/2024
02/27/2024
1,500,000.00
1,479,233.89
0.00 0.00
1,479,592.12
4,945.05
0.00 10,054.95
5,109.89
358.24
0.00 358.24
5,468.13
5,468.13
CONFIDENTIAL | 30
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
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
91282CKD2 UNITED STATES TREASURY
4.25 02/28/2029
03/25/2024
03/26/2024
1,000,000.00
0.00 1,000,546.88
0.00 1,000,545.06
0.00 (3,002.72)
3,695.65
692.93
0.00 (1.82)
(1.82)
691.11
691.11
91324PEC2 UNITEDHEALTH GROUP INC
1.15 05/15/2026 1,245,000.00
1,238,201.36
0.00 0.00
1,238,462.65
4,215.71
0.00 5,408.83
1,193.13
275.21
(13.92)
261.29
1,454.42
1,454.42
927804GH1 VIRGINIA ELECTRIC AND
POWER CO 3.75 05/15/2027
05/16/2022
05/31/2022
250,000.00
249,495.80
0.00 0.00
249,509.16
2,760.42
0.00 3,541.67
781.25
13.36 0.00
13.36 794.61
794.61
931142ER0 WALMART INC 1.05
09/17/2026
09/08/2021
09/17/2021
240,000.00
239,768.98
0.00 0.00
239,776.68
1,148.00
1,260.00
98.00 210.00
7.70 0.00
7.70 217.70
217.70
931142EX7 WALMART INC 3.95
09/09/2027 09/09/2022
500,000.00
499,553.29
0.00 0.00
499,564.05
9,436.11
9,875.00
1,206.94
1,645.83
10.76 0.00
10.76 1,656.59
1,656.59
Total Fixed Income 97,286,345.36
96,035,016.81
1,000,546.88
(403,530.04)
96,642,467.33
538,423.51
128,012.61
506,383.58
95,972.68
20,594.83
(10,161.14)
10,433.69
106,406.37 106,406.37
TOTAL PORTFOLIO 97,534,267.28
96,643,132.88
1,537,100.23
(1,417,426.25)
96,890,389.25
538,423.51
130,020.59
506,383.58
97,980.66
20,594.83
(10,161.14)
10,433.69
108,414.35 108,414.35
CONFIDENTIAL | 31
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
APRIL 2024
04/01/2024 Dividend 94975H312 0.00 2,781.69 2,781.69
04/01/2024 Coupon 91282CBT7 0.00 UNITED STATES TREASURY 0.75 03/31/2026 5,625.00 5,625.00 04/01/2024 Coupon 91282CEF4 0.00 UNITED STATES TREASURY 2.5 03/31/2027 15,625.00 15,625.00 04/01/2024 Coupon 91282CGT2 0.00 UNITED STATES TREASURY 3.625 03/31/2028 31,718.75 31,718.75 04/01/2024 Coupon 91282CFM8 0.00 UNITED STATES TREASURY 4.125 09/30/2027 20,625.00 20,625.00 04/01/2024 Coupon 91282CJA0 0.00 UNITED STATES TREASURY 4.625 09/30/2028 42,781.25 42,781.25 04/15/2024 Coupon 023135CF1 0.00 AMAZON.COM INC 3.3 04/13/2027 12,375.00 12,375.00 04/15/2024 Coupon 02582JJT8 0.00 AMXCA 2022-2 A 05/17/2027 2,373.00 2,373.00 04/15/2024 Coupon 02582JJZ4 0.00 AMXCA 2023-1 A 4.87 05/15/2028 1,521.87 1,521.87 04/15/2024 Coupon 161571HT4 0.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 04/15/2024 Coupon 3130AJHU6 0.00 FEDERAL HOME LOAN BANKS 0.5 04/14/2025 4,750.00 4,750.00 04/15/2024 Coupon 43815BAC4 0.00 HAROT 2022-1 A3 1.88 05/15/2026 621.63 621.63 04/15/2024 Principal Paydown 43815BAC4 (29,928.04) HAROT 2022-1 A3 1.88 05/15/2026 29,928.04 29,928.04 04/15/2024 Coupon 44933LAC7 0.00 HART 2021-A A3 0.38 09/15/2025 20.22 20.22 04/15/2024 Principal Paydown 44933LAC7 (17,616.02) HART 2021-A A3 0.38 09/15/2025 17,616.02 17,616.02 04/15/2024 Coupon 44934KAC8 0.00 HART 2021-B A3 0.38 01/15/2026 84.46 84.46 04/15/2024 Principal Paydown 44934KAC8 (40,326.98) HART 2021-B A3 0.38 01/15/2026 40,326.98 40,326.98 04/15/2024 Coupon 44935FAD6 0.00 HART 2021-C A3 0.74 05/15/2026 72.20 72.20 04/15/2024 Principal Paydown 44935FAD6 (11,917.14) HART 2021-C A3 0.74 05/15/2026 11,917.14 11,917.14 04/15/2024 Coupon 47788UAC6 0.00 JDOT 2021 A3 0.36 09/15/2025 13.57 13.57 04/15/2024 Principal Paydown 47788UAC6 (6,999.29) JDOT 2021 A3 0.36 09/15/2025 6,999.29 6,999.29 04/15/2024 Coupon 47789QAC4 0.00 JDOT 2021-B A3 0.52 03/16/2026 75.70 75.70 04/15/2024 Principal Paydown 47789QAC4 (18,338.74) JDOT 2021-B A3 0.52 03/16/2026 18,338.74 18,338.74 04/15/2024 Coupon 47787JAC2 0.00 JDOT 2022 A3 0.36 09/15/2026 409.43 409.43 04/15/2024 Principal Paydown 47787JAC2 (13,851.77) JDOT 2022 A3 0.36 09/15/2026 13,851.77 13,851.77 04/15/2024 Coupon 47800AAC4 0.00 JDOT 2022-B A3 3.74 02/16/2027 1,246.67 1,246.67 04/15/2024 Coupon 46647PBF2 0.00 JPMORGAN CHASE & CO 2.301 10/15/2025 13,230.75 13,230.75 04/15/2024 Coupon 58768PAC8 0.00 MBART 2022-1 A3 5.21 08/16/2027 3,972.63 3,972.63 04/15/2024 Coupon 74340XBN0 0.00 PROLOGIS LP 2.125 04/15/2027 10,625.00 10,625.00 04/15/2024 Coupon 89240BAC2 0.00 TAOT 2021-A A3 0.26 05/15/2025 3.28 3.28 04/15/2024 Principal Paydown 89240BAC2 (6,836.01) TAOT 2021-A A3 0.26 05/15/2025 6,836.01 6,836.01 CONFIDENTIAL | 32
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
04/15/2024 Coupon 89238FAD5 0.00 TAOT 2022-B A3 2.93 09/15/2026 709.21 709.21 04/15/2024 Principal Paydown 89238FAD5 (18,762.82) TAOT 2022-B A3 2.93 09/15/2026 18,762.82 18,762.82 04/16/2024 Coupon 362554AC1 0.00 GMCAR 2021-4 A3 0.68 09/16/2026 77.80 77.80 04/16/2024 Principal Paydown 362554AC1 (10,816.90) GMCAR 2021-4 A3 0.68 09/16/2026 10,816.90 10,816.90 04/16/2024 Coupon 380146AC4 0.00 GMCAR 2022-1 A3 1.26 11/16/2026 144.19 144.19 04/16/2024 Principal Paydown 380146AC4 (10,349.98) GMCAR 2022-1 A3 1.26 11/16/2026 10,349.98 10,349.98 04/16/2024 Coupon 362585AC5 0.00 GMCAR 2022-2 A3 3.1 02/16/2027 705.43 705.43 04/16/2024 Principal Paydown 362585AC5 (16,439.03) GMCAR 2022-2 A3 3.1 02/16/2027 16,439.03 16,439.03 04/22/2024 Custody Fee CCYUSD 0.00 (3,236.48) (3,236.48) 04/22/2024 Coupon 3135G03U5 0.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION
0.625 04/22/2025 2,515.63 2,515.63
04/22/2024 Coupon 36265MAC9 0.00 GMALT 2022-1 A3 1.9 03/20/2025 140.53 140.53 04/22/2024 Principal Paydown 36265MAC9 (86,226.16) GMALT 2022-1 A3 1.9 03/20/2025 86,226.16 86,226.16 04/22/2024 Coupon 36266FAC3 0.00 GMALT 2022-2 A3 3.42 06/20/2025 514.69 514.69 04/22/2024 Principal Paydown 36266FAC3 (60,666.13) GMALT 2022-2 A3 3.42 06/20/2025 60,666.12 60,666.12 04/22/2024 Coupon 43815GAC3 0.00 HAROT 2021-4 A3 0.88 01/21/2026 123.52 123.52 04/22/2024 Principal Paydown 43815GAC3 (15,177.34) HAROT 2021-4 A3 0.88 01/21/2026 15,177.34 15,177.34 04/22/2024 Coupon 46647PBK1 0.00 JPMORGAN CHASE & CO 2.083 04/22/2026 5,207.50 5,207.50 04/25/2024 Coupon 05602RAD3 0.00 BMWOT 2022-A A3 3.21 08/25/2026 690.51 690.51 04/25/2024 Principal Paydown 05602RAD3 (18,935.19) BMWOT 2022-A A3 3.21 08/25/2026 18,935.19 18,935.19 04/25/2024 Coupon 05592XAD2 0.00 BMWOT 2023-A A3 5.47 02/25/2028 820.50 820.50 04/25/2024 Coupon 3137BFE98 0.00 FHMS K-041 A2 3.171 10/25/2024 2,076.96 2,076.96 04/25/2024 Principal Paydown 3137BFE98 (1,772.96) FHMS K-041 A2 3.171 10/25/2024 1,772.96 1,772.96 04/25/2024 Coupon 3137FG6X8 0.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 04/30/2024 Coupon 91282CBW0 1,000,000.00 UNITED STATES TREASURY 0.75 04/30/2026 3,750.00 3,750.00 04/30/2024 Coupon 91282CDG3 3,000,000.00 UNITED STATES TREASURY 1.125 10/31/2026 16,875.00 16,875.00 04/30/2024 Coupon 91282CEN7 2,500,000.00 UNITED STATES TREASURY 2.75 04/30/2027 34,375.00 34,375.00 04/30/2024 Coupon 91282CFU0 1,100,000.00 UNITED STATES TREASURY 4.125 10/31/2027 22,687.50 22,687.50 04/30/2024 Coupon 91282CHA2 2,180,000.00 UNITED STATES TREASURY 3.5 04/30/2028 38,150.00 38,150.00 April 2024 Total 384,505.70 307,543.17 692,048.87
MAY 2024
05/01/2024 Coupon 06367WB85 1,150,000.00 BANK OF MONTREAL 1.85 05/01/2025 10,637.50 10,637.50 CONFIDENTIAL | 33
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
05/01/2024 Coupon 74456QBU9 1,250,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.7 05/01/2028 23,125.00 23,125.00
05/07/2024 Coupon 3135G06G3 1,680,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION
0.5 11/07/2025 4,200.00 4,200.00
05/10/2024 Coupon 037833ET3 205,000.00 APPLE INC 4.0 05/10/2028 4,100.00 4,100.00 05/13/2024 Coupon 14913R2V8 445,000.00 CATERPILLAR FINANCIAL SERVICES CORP 3.4 05/13/2025 7,565.00 7,565.00
05/15/2024 Coupon 02582JJT8 840,000.00 AMXCA 2022-2 A 05/17/2027 2,373.00 2,373.00 05/15/2024 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,521.88 1,521.88 05/15/2024 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 05/15/2024 Coupon 43815BAC4 366,856.67 HAROT 2022-1 A3 1.88 05/15/2026 574.74 574.74 05/15/2024 Principal Paydown 43815BAC4 366,856.67 HAROT 2022-1 A3 1.88 05/15/2026 28,645.29 28,645.29 05/15/2024 Coupon 44933LAC7 46,246.68 HART 2021-A A3 0.38 09/15/2025 14.64 14.64 05/15/2024 Principal Paydown 44933LAC7 46,246.68 HART 2021-A A3 0.38 09/15/2025 16,060.64 16,060.64 05/15/2024 Coupon 44934KAC8 226,380.75 HART 2021-B A3 0.38 01/15/2026 111.30 111.30 05/15/2024 Principal Paydown 44934KAC8 226,380.75 HART 2021-B A3 0.38 01/15/2026 36,555.76 36,555.76 05/15/2024 Coupon 44935FAD6 105,166.52 HART 2021-C A3 0.74 05/15/2026 64.85 64.85 05/15/2024 Principal Paydown 44935FAD6 105,166.52 HART 2021-C A3 0.74 05/15/2026 11,063.06 11,063.06 05/15/2024 Coupon 47787JAC2 197,924.89 JDOT 2022 A3 0.36 09/15/2026 379.40 379.40 05/15/2024 Principal Paydown 47787JAC2 197,924.89 JDOT 2022 A3 0.36 09/15/2026 14,849.80 14,849.80 05/15/2024 Coupon 47788UAC6 38,226.19 JDOT 2021 A3 0.36 09/15/2025 11.47 11.47 05/15/2024 Principal Paydown 47788UAC6 38,226.19 JDOT 2021 A3 0.36 09/15/2025 7,307.45 7,307.45 05/15/2024 Coupon 47789QAC4 156,363.29 JDOT 2021-B A3 0.52 03/16/2026 66.06 66.06 05/15/2024 Principal Paydown 47789QAC4 156,363.29 JDOT 2021-B A3 0.52 03/16/2026 22,589.18 22,589.18 05/15/2024 Coupon 47800AAC4 400,000.00 JDOT 2022-B A3 3.74 02/16/2027 1,246.67 1,246.67 05/15/2024 Principal Paydown 47800AAC4 400,000.00 JDOT 2022-B A3 3.74 02/16/2027 20,952.32 20,952.32 05/15/2024 Coupon 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 3,972.63 3,972.63 05/15/2024 Coupon 89238FAD5 271,700.41 TAOT 2022-B A3 2.93 09/15/2026 660.51 660.51 05/15/2024 Principal Paydown 89238FAD5 271,700.41 TAOT 2022-B A3 2.93 09/15/2026 19,187.67 19,187.67 05/15/2024 Coupon 89240BAC2 8,319.53 TAOT 2021-A A3 0.26 05/15/2025 1.73 1.73 05/15/2024 Principal Paydown 89240BAC2 8,319.53 TAOT 2021-A A3 0.26 05/15/2025 6,695.80 6,695.80 05/15/2024 Coupon 9128285M8 1,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 15,625.00 15,625.00 CONFIDENTIAL | 34
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
05/15/2024 Coupon 91324PEC2 1,245,000.00 UNITEDHEALTH GROUP INC 1.15 05/15/2026 7,158.75 7,158.75 05/15/2024 Coupon 927804GH1 250,000.00 VIRGINIA ELECTRIC AND POWER CO 3.75 05/15/2027 4,687.50 4,687.50
05/16/2024 Coupon 362554AC1 126,473.22 GMCAR 2021-4 A3 0.68 09/16/2026 71.67 71.67 05/16/2024 Principal Paydown 362554AC1 126,473.22 GMCAR 2021-4 A3 0.68 09/16/2026 10,304.34 10,304.34 05/16/2024 Coupon 362585AC5 256,628.80 GMCAR 2022-2 A3 3.1 02/16/2027 662.96 662.96 05/16/2024 Principal Paydown 362585AC5 256,628.80 GMCAR 2022-2 A3 3.1 02/16/2027 16,936.89 16,936.89 05/16/2024 Coupon 380146AC4 126,974.49 GMCAR 2022-1 A3 1.26 11/16/2026 132.48 132.48 05/16/2024 Principal Paydown 380146AC4 126,974.49 GMCAR 2022-1 A3 1.26 11/16/2026 9,648.68 9,648.68 05/20/2024 Coupon 36265MAC9 2,528.21 GMALT 2022-1 A3 1.9 03/20/2025 4.00 4.00 05/20/2024 Effective Maturity 36265MAC9 2,528.21 GMALT 2022-1 A3 1.9 03/20/2025 2,528.21 2,528.21 05/20/2024 Coupon 36266FAC3 119,925.52 GMALT 2022-2 A3 3.42 06/20/2025 341.79 341.79 05/20/2024 Principal Paydown 36266FAC3 119,925.52 GMALT 2022-2 A3 3.42 06/20/2025 65,283.51 65,283.51 05/21/2024 Coupon 43815GAC3 153,260.67 HAROT 2021-4 A3 0.88 01/21/2026 112.39 112.39 05/21/2024 Principal Paydown 43815GAC3 153,260.67 HAROT 2021-4 A3 0.88 01/21/2026 15,270.88 15,270.88 05/27/2024 Coupon 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 820.50 820.50 05/27/2024 Coupon 05602RAD3 239,197.76 BMWOT 2022-A A3 3.21 08/25/2026 639.85 639.85 05/27/2024 Principal Paydown 05602RAD3 239,197.76 BMWOT 2022-A A3 3.21 08/25/2026 18,928.59 18,928.59 05/27/2024 Coupon 3137BFE98 784,211.26 FHMS K-041 A2 3.171 10/25/2024 2,072.28 2,072.28 05/27/2024 Principal Paydown 3137BFE98 784,211.26 FHMS K-041 A2 3.171 10/25/2024 1,892.05 1,892.05 05/27/2024 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 05/30/2024 Coupon 61747YEA9 1,240,000.00 MORGAN STANLEY 0.79 05/30/2025 4,898.00 4,898.00 05/31/2024 Coupon 91282CAZ4 2,000,000.00 UNITED STATES TREASURY 0.375 11/30/2025 3,750.00 3,750.00 05/31/2024 Coupon 91282CJN2 1,500,000.00 UNITED STATES TREASURY 4.375 11/30/2028 32,812.50 32,812.50 May 2024 Total 324,700.14 144,624.84 469,324.98
JUNE 2024
06/10/2024 Coupon 3130AWMN7 1,000,000.00 FEDERAL HOME LOAN BANKS 4.375 06/09/2028 21,875.00 21,875.00 06/10/2024 Coupon 78015K7H1 400,000.00 ROYAL BANK OF CANADA 1.15 06/10/2025 2,300.00 2,300.00 06/12/2024 Coupon 3130ATUC9 1,800,000.00 FEDERAL HOME LOAN BANKS 4.5 12/12/2025 40,500.00 40,500.00 06/17/2024 Coupon 02582JJT8 840,000.00 AMXCA 2022-2 A 05/17/2027 2,373.00 2,373.00 06/17/2024 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,521.88 1,521.88 06/17/2024 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 CONFIDENTIAL | 35
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
06/17/2024 Coupon 3133EPN50 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP
4.25 12/15/2028 21,250.00 21,250.00
06/17/2024 Coupon 3135G04Z3 2,020,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION
0.5 06/17/2025 5,050.00 5,050.00
06/17/2024 Coupon 362554AC1 126,473.22 GMCAR 2021-4 A3 0.68 09/16/2026 65.83 65.83 06/17/2024 Principal Paydown 362554AC1 126,473.22 GMCAR 2021-4 A3 0.68 09/16/2026 10,030.46 10,030.46 06/17/2024 Coupon 362585AC5 256,628.80 GMCAR 2022-2 A3 3.1 02/16/2027 619.20 619.20 06/17/2024 Principal Paydown 362585AC5 256,628.80 GMCAR 2022-2 A3 3.1 02/16/2027 16,619.43 16,619.43 06/17/2024 Coupon 380146AC4 126,974.49 GMCAR 2022-1 A3 1.26 11/16/2026 122.35 122.35 06/17/2024 Principal Paydown 380146AC4 126,974.49 GMCAR 2022-1 A3 1.26 11/16/2026 9,456.21 9,456.21 06/17/2024 Coupon 43815BAC4 366,856.67 HAROT 2022-1 A3 1.88 05/15/2026 529.86 529.86 06/17/2024 Principal Paydown 43815BAC4 366,856.67 HAROT 2022-1 A3 1.88 05/15/2026 28,123.74 28,123.74 06/17/2024 Coupon 44933LAC7 46,246.68 HART 2021-A A3 0.38 09/15/2025 9.56 9.56 06/17/2024 Principal Paydown 44933LAC7 46,246.68 HART 2021-A A3 0.38 09/15/2025 15,718.86 15,718.86 06/17/2024 Coupon 44934KAC8 226,380.75 HART 2021-B A3 0.38 01/15/2026 93.33 93.33 06/17/2024 Principal Paydown 44934KAC8 226,380.75 HART 2021-B A3 0.38 01/15/2026 35,914.24 35,914.24 06/17/2024 Coupon 44935FAD6 105,166.52 HART 2021-C A3 0.74 05/15/2026 58.03 58.03 06/17/2024 Principal Paydown 44935FAD6 105,166.52 HART 2021-C A3 0.74 05/15/2026 10,876.26 10,876.26 06/17/2024 Coupon 47787JAC2 197,924.89 JDOT 2022 A3 0.36 09/15/2026 350.69 350.69 06/17/2024 Principal Paydown 47787JAC2 197,924.89 JDOT 2022 A3 0.36 09/15/2026 12,338.26 12,338.26 06/17/2024 Coupon 47788UAC6 38,226.19 JDOT 2021 A3 0.36 09/15/2025 9.28 9.28 06/17/2024 Principal Paydown 47788UAC6 38,226.19 JDOT 2021 A3 0.36 09/15/2025 6,238.72 6,238.72 06/17/2024 Coupon 47789QAC4 156,363.29 JDOT 2021-B A3 0.52 03/16/2026 56.27 56.27 06/17/2024 Principal Paydown 47789QAC4 156,363.29 JDOT 2021-B A3 0.52 03/16/2026 12,957.28 12,957.28 06/17/2024 Coupon 47800AAC4 400,000.00 JDOT 2022-B A3 3.74 02/16/2027 1,181.37 1,181.37 06/17/2024 Principal Paydown 47800AAC4 400,000.00 JDOT 2022-B A3 3.74 02/16/2027 19,776.17 19,776.17 06/17/2024 Coupon 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 3,972.63 3,972.63 06/17/2024 Coupon 63743HFE7 685,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 3.45 06/15/2025 11,816.25 11,816.25
06/17/2024 Coupon 89238FAD5 271,700.41 TAOT 2022-B A3 2.93 09/15/2026 613.66 613.66 06/17/2024 Principal Paydown 89238FAD5 271,700.41 TAOT 2022-B A3 2.93 09/15/2026 18,831.58 18,831.58 06/17/2024 Coupon 89240BAC2 8,319.53 TAOT 2021-A A3 0.26 05/15/2025 0.28 0.28 CONFIDENTIAL | 36
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
06/17/2024 Effective Maturity 89240BAC2 8,319.53 TAOT 2021-A A3 0.26 05/15/2025 1,278.00 1,278.00 06/18/2024 Coupon 89236TJK2 810,000.00 TOYOTA MOTOR CREDIT CORP 1.125 06/18/2026 4,556.25 4,556.25 06/20/2024 Coupon 06051GJD2 500,000.00 BANK OF AMERICA CORP 1.319 06/19/2026 3,297.50 3,297.50 06/20/2024 Coupon 36266FAC3 119,925.52 GMALT 2022-2 A3 3.42 06/20/2025 155.73 155.73 06/20/2024 Effective Maturity 36266FAC3 119,925.52 GMALT 2022-2 A3 3.42 06/20/2025 54,642.01 54,642.01 06/21/2024 Coupon 43815GAC3 153,260.67 HAROT 2021-4 A3 0.88 01/21/2026 101.19 101.19 06/21/2024 Principal Paydown 43815GAC3 153,260.67 HAROT 2021-4 A3 0.88 01/21/2026 14,950.73 14,950.73 06/25/2024 Coupon 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 820.50 820.50 06/25/2024 Coupon 05602RAD3 239,197.76 BMWOT 2022-A A3 3.21 08/25/2026 589.22 589.22 06/25/2024 Principal Paydown 05602RAD3 239,197.76 BMWOT 2022-A A3 3.21 08/25/2026 18,494.76 18,494.76 06/25/2024 Coupon 3137BFE98 784,211.26 FHMS K-041 A2 3.171 10/25/2024 2,067.28 2,067.28 06/25/2024 Principal Paydown 3137BFE98 784,211.26 FHMS K-041 A2 3.171 10/25/2024 1,799.54 1,799.54 06/25/2024 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 June 2024 Total 288,046.26 136,164.92 424,211.18
JULY 2024
07/01/2024 Coupon 91282CBC4 2,000,000.00 UNITED STATES TREASURY 0.375 12/31/2025 3,750.00 3,750.00 07/01/2024 Coupon 91282CEW7 1,400,000.00 UNITED STATES TREASURY 3.25 06/30/2027 22,750.00 22,750.00 07/01/2024 Coupon 91282CGC9 1,250,000.00 UNITED STATES TREASURY 3.875 12/31/2027 24,218.75 24,218.75 07/01/2024 Coupon 91282CJR3 1,200,000.00 UNITED STATES TREASURY 3.75 12/31/2028 22,500.00 22,500.00 07/08/2024 Coupon 02665WEM9 1,200,000.00 AMERICAN HONDA FINANCE CORP 5.125 07/07/2028 30,750.00 30,750.00
07/10/2024 Coupon 89115A2M3 1,100,000.00 TORONTO-DOMINION BANK 5.156 01/10/2028 28,358.00 28,358.00 07/15/2024 Coupon 02582JJT8 840,000.00 AMXCA 2022-2 A 05/17/2027 2,373.00 2,373.00 07/15/2024 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,521.88 1,521.88 07/15/2024 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 07/15/2024 Coupon 43815BAC4 366,856.67 HAROT 2022-1 A3 1.88 05/15/2026 485.80 485.80 07/15/2024 Principal Paydown 43815BAC4 366,856.67 HAROT 2022-1 A3 1.88 05/15/2026 27,425.79 27,425.79 07/15/2024 Coupon 44933LAC7 46,246.68 HART 2021-A A3 0.38 09/15/2025 4.58 4.58 07/15/2024 Effective Maturity 44933LAC7 46,246.68 HART 2021-A A3 0.38 09/15/2025 14,467.18 14,467.18 07/15/2024 Coupon 44934KAC8 226,380.75 HART 2021-B A3 0.38 01/15/2026 75.67 75.67 07/15/2024 Principal Paydown 44934KAC8 226,380.75 HART 2021-B A3 0.38 01/15/2026 34,952.15 34,952.15 07/15/2024 Coupon 44935FAD6 105,166.52 HART 2021-C A3 0.74 05/15/2026 51.32 51.32 CONFIDENTIAL | 37
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
07/15/2024 Principal Paydown 44935FAD6 105,166.52 HART 2021-C A3 0.74 05/15/2026 10,357.09 10,357.09 07/15/2024 Coupon 45950KDD9 520,000.00 INTERNATIONAL FINANCE CORP 4.5 07/13/2028 11,700.00 11,700.00 07/15/2024 Coupon 47787JAC2 197,924.89 JDOT 2022 A3 0.36 09/15/2026 326.84 326.84 07/15/2024 Principal Paydown 47787JAC2 197,924.89 JDOT 2022 A3 0.36 09/15/2026 14,541.07 14,541.07 07/15/2024 Coupon 47788UAC6 38,226.19 JDOT 2021 A3 0.36 09/15/2025 7.40 7.40 07/15/2024 Principal Paydown 47788UAC6 38,226.19 JDOT 2021 A3 0.36 09/15/2025 6,488.81 6,488.81 07/15/2024 Coupon 47789QAC4 156,363.29 JDOT 2021-B A3 0.52 03/16/2026 50.66 50.66 07/15/2024 Principal Paydown 47789QAC4 156,363.29 JDOT 2021-B A3 0.52 03/16/2026 9,963.93 9,963.93 07/15/2024 Coupon 47800AAC4 400,000.00 JDOT 2022-B A3 3.74 02/16/2027 1,119.73 1,119.73 07/15/2024 Principal Paydown 47800AAC4 400,000.00 JDOT 2022-B A3 3.74 02/16/2027 18,437.94 18,437.94 07/15/2024 Coupon 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 3,972.63 3,972.63 07/15/2024 Principal Paydown 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 9,007.23 9,007.23 07/15/2024 Coupon 756109AU8 1,000,000.00 REALTY INCOME CORP 3.65 01/15/2028 18,250.00 18,250.00 07/15/2024 Coupon 87612EBM7 545,000.00 TARGET CORP 1.95 01/15/2027 5,313.75 5,313.75 07/15/2024 Coupon 89238FAD5 271,700.41 TAOT 2022-B A3 2.93 09/15/2026 567.68 567.68 07/15/2024 Principal Paydown 89238FAD5 271,700.41 TAOT 2022-B A3 2.93 09/15/2026 18,375.79 18,375.79 07/16/2024 Coupon 24422EXH7 1,200,000.00 JOHN DEERE CAPITAL CORP 4.5 01/16/2029 28,200.00 28,200.00 07/16/2024 Coupon 362554AC1 126,473.22 GMCAR 2021-4 A3 0.68 09/16/2026 60.15 60.15 07/16/2024 Principal Paydown 362554AC1 126,473.22 GMCAR 2021-4 A3 0.68 09/16/2026 9,288.35 9,288.35 07/16/2024 Coupon 362585AC5 256,628.80 GMCAR 2022-2 A3 3.1 02/16/2027 576.27 576.27 07/16/2024 Principal Paydown 362585AC5 256,628.80 GMCAR 2022-2 A3 3.1 02/16/2027 16,189.60 16,189.60 07/16/2024 Coupon 380146AC4 126,974.49 GMCAR 2022-1 A3 1.26 11/16/2026 112.42 112.42 07/16/2024 Principal Paydown 380146AC4 126,974.49 GMCAR 2022-1 A3 1.26 11/16/2026 9,220.03 9,220.03 07/22/2024 Coupon 06051GGF0 1,000,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 19,120.00 19,120.00 07/22/2024 Coupon 3137EAEU9 1,075,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.375 07/21/2025 2,015.63 2,015.63
07/22/2024 Coupon 43815GAC3 153,260.67 HAROT 2021-4 A3 0.88 01/21/2026 90.23 90.23 07/22/2024 Principal Paydown 43815GAC3 153,260.67 HAROT 2021-4 A3 0.88 01/21/2026 12,979.80 12,979.80 07/25/2024 Coupon 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 820.50 820.50 07/25/2024 Coupon 05602RAD3 239,197.76 BMWOT 2022-A A3 3.21 08/25/2026 539.75 539.75 07/25/2024 Principal Paydown 05602RAD3 239,197.76 BMWOT 2022-A A3 3.21 08/25/2026 17,968.22 17,968.22 07/25/2024 Coupon 3137BFE98 784,211.26 FHMS K-041 A2 3.171 10/25/2024 2,062.52 2,062.52 CONFIDENTIAL | 38
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
07/25/2024 Principal Paydown 3137BFE98 784,211.26 FHMS K-041 A2 3.171 10/25/2024 1,895.23 1,895.23 07/25/2024 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 07/31/2024 Coupon 69371RS80 1,200,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 27,600.00 27,600.00 07/31/2024 Coupon 912828Z78 500,000.00 UNITED STATES TREASURY 1.5 01/31/2027 3,750.00 3,750.00 07/31/2024 Coupon 91282CCP4 1,000,000.00 UNITED STATES TREASURY 0.625 07/31/2026 3,125.00 3,125.00 07/31/2024 Coupon 91282CHQ7 1,000,000.00 UNITED STATES TREASURY 4.125 07/31/2028 20,625.00 20,625.00 07/31/2024 Coupon 91282CJW2 1,500,000.00 UNITED STATES TREASURY 4.0 01/31/2029 30,000.00 30,000.00 July 2024 Total 231,558.20 327,053.94 558,612.14
AUGUST 2024
08/01/2024 Coupon 78016HZS2 1,000,000.00 ROYAL BANK OF CANADA 5.2 08/01/2028 26,000.00 26,000.00 08/07/2024 Coupon 06406RAB3 1,000,000.00 BANK OF NEW YORK MELLON CORP 3.442 02/07/2028 17,210.00 17,210.00
08/12/2024 Coupon 14913R3A3 700,000.00 CATERPILLAR FINANCIAL SERVICES CORP 3.6 08/12/2027 12,600.00 12,600.00
08/12/2024 Coupon 3137EAEP0 2,040,000.00 FEDERAL HOME LOAN MORTGAGE CORP 1.5 02/12/2025 15,300.00 15,300.00
08/15/2024 Coupon 02582JJT8 840,000.00 AMXCA 2022-2 A 05/17/2027 2,373.00 2,373.00 08/15/2024 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,521.88 1,521.88 08/15/2024 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 08/15/2024 Coupon 43815BAC4 366,856.67 HAROT 2022-1 A3 1.88 05/15/2026 442.84 442.84 08/15/2024 Principal Paydown 43815BAC4 366,856.67 HAROT 2022-1 A3 1.88 05/15/2026 26,584.54 26,584.54 08/15/2024 Coupon 44934KAC8 226,380.75 HART 2021-B A3 0.38 01/15/2026 58.49 58.49 08/15/2024 Principal Paydown 44934KAC8 226,380.75 HART 2021-B A3 0.38 01/15/2026 33,807.62 33,807.62 08/15/2024 Coupon 44935FAD6 105,166.52 HART 2021-C A3 0.74 05/15/2026 44.94 44.94 08/15/2024 Principal Paydown 44935FAD6 105,166.52 HART 2021-C A3 0.74 05/15/2026 9,990.40 9,990.40 08/15/2024 Coupon 4581X0EN4 1,250,000.00 INTER-AMERICAN DEVELOPMENT BANK 4.125 02/15/2029 27,929.69 27,929.69
08/15/2024 Coupon 47787JAC2 197,924.89 JDOT 2022 A3 0.36 09/15/2026 298.72 298.72 08/15/2024 Principal Paydown 47787JAC2 197,924.89 JDOT 2022 A3 0.36 09/15/2026 12,912.01 12,912.01 08/15/2024 Coupon 47788UAC6 38,226.19 JDOT 2021 A3 0.36 09/15/2025 5.46 5.46 08/15/2024 Principal Paydown 47788UAC6 38,226.19 JDOT 2021 A3 0.36 09/15/2025 7,311.20 7,311.20 08/15/2024 Coupon 47789QAC4 156,363.29 JDOT 2021-B A3 0.52 03/16/2026 46.34 46.34 CONFIDENTIAL | 39
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
08/15/2024 Principal Paydown 47789QAC4 156,363.29 JDOT 2021-B A3 0.52 03/16/2026 10,502.61 10,502.61 08/15/2024 Coupon 47800AAC4 400,000.00 JDOT 2022-B A3 3.74 02/16/2027 1,062.26 1,062.26 08/15/2024 Principal Paydown 47800AAC4 400,000.00 JDOT 2022-B A3 3.74 02/16/2027 16,395.67 16,395.67 08/15/2024 Coupon 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 3,933.52 3,933.52 08/15/2024 Principal Paydown 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 49,820.31 49,820.31 08/15/2024 Coupon 89238FAD5 271,700.41 TAOT 2022-B A3 2.93 09/15/2026 522.82 522.82 08/15/2024 Principal Paydown 89238FAD5 271,700.41 TAOT 2022-B A3 2.93 09/15/2026 17,815.06 17,815.06 08/15/2024 Coupon 9128283W8 1,250,000.00 UNITED STATES TREASURY 2.75 02/15/2028 17,187.50 17,187.50 08/15/2024 Coupon 912828V98 1,250,000.00 UNITED STATES TREASURY 2.25 02/15/2027 14,062.50 14,062.50 08/16/2024 Coupon 362554AC1 126,473.22 GMCAR 2021-4 A3 0.68 09/16/2026 54.88 54.88 08/16/2024 Principal Paydown 362554AC1 126,473.22 GMCAR 2021-4 A3 0.68 09/16/2026 9,001.57 9,001.57 08/16/2024 Coupon 362585AC5 256,628.80 GMCAR 2022-2 A3 3.1 02/16/2027 534.45 534.45 08/16/2024 Principal Paydown 362585AC5 256,628.80 GMCAR 2022-2 A3 3.1 02/16/2027 15,595.28 15,595.28 08/16/2024 Coupon 380146AC4 126,974.49 GMCAR 2022-1 A3 1.26 11/16/2026 102.74 102.74 08/16/2024 Principal Paydown 380146AC4 126,974.49 GMCAR 2022-1 A3 1.26 11/16/2026 8,755.49 8,755.49 08/21/2024 Coupon 43815GAC3 153,260.67 HAROT 2021-4 A3 0.88 01/21/2026 80.71 80.71 08/21/2024 Principal Paydown 43815GAC3 153,260.67 HAROT 2021-4 A3 0.88 01/21/2026 12,585.51 12,585.51 08/26/2024 Coupon 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 820.50 820.50 08/26/2024 Coupon 05602RAD3 239,197.76 BMWOT 2022-A A3 3.21 08/25/2026 491.68 491.68 08/26/2024 Principal Paydown 05602RAD3 239,197.76 BMWOT 2022-A A3 3.21 08/25/2026 17,313.47 17,313.47 08/26/2024 Coupon 3135G05X7 1,700,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION
0.375 08/25/2025 3,187.50 3,187.50
08/26/2024 Coupon 3137BFE98 784,211.26 FHMS K-041 A2 3.171 10/25/2024 2,057.52 2,057.52 08/26/2024 Principal Paydown 3137BFE98 784,211.26 FHMS K-041 A2 3.171 10/25/2024 199,505.11 199,505.11 08/26/2024 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 08/30/2024 Coupon 61747YEA9 1,240,000.00 MORGAN STANLEY 0.79 05/30/2025 18,088.50 18,088.50 August 2024 Total 447,895.84 176,227.21 624,123.05
SEPTEMBER 2024
09/03/2024 Coupon 808513BY0 1,000,000.00 CHARLES SCHWAB CORP 2.45 03/03/2027 12,250.00 12,250.00 09/03/2024 Coupon 91282CCW9 2,250,000.00 UNITED STATES TREASURY 0.75 08/31/2026 8,437.50 8,437.50 09/03/2024 Coupon 91282CFH9 1,000,000.00 UNITED STATES TREASURY 3.125 08/31/2027 15,625.00 15,625.00 09/03/2024 Coupon 91282CHX2 1,500,000.00 UNITED STATES TREASURY 4.375 08/31/2028 32,812.50 32,812.50 CONFIDENTIAL | 40
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
09/03/2024 Coupon 91282CKD2 1,000,000.00 UNITED STATES TREASURY 4.25 02/28/2029 21,250.00 21,250.00 09/09/2024 Coupon 3130AVBD3 1,000,000.00 FEDERAL HOME LOAN BANKS 4.5 03/09/2029 22,500.00 22,500.00 09/09/2024 Coupon 3130AWTR1 1,000,000.00 FEDERAL HOME LOAN BANKS 4.375 09/08/2028 21,875.00 21,875.00 09/09/2024 Coupon 931142EX7 500,000.00 WALMART INC 3.95 09/09/2027 9,875.00 9,875.00 09/16/2024 Coupon 00440EAS6 1,150,000.00 CHUBB INA HOLDINGS LLC 3.15 03/15/2025 18,112.50 18,112.50 09/16/2024 Coupon 02582JJT8 840,000.00 AMXCA 2022-2 A 05/17/2027 2,373.00 2,373.00 09/16/2024 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,521.88 1,521.88 09/16/2024 Coupon 084664CZ2 1,095,000.00 BERKSHIRE HATHAWAY FINANCE CORP 2.3 03/15/2027 12,592.50 12,592.50
09/16/2024 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 09/16/2024 Coupon 3130A4CH3 1,750,000.00 FEDERAL HOME LOAN BANKS 2.375 03/14/2025 20,781.25 20,781.25 09/16/2024 Coupon 362554AC1 126,473.22 GMCAR 2021-4 A3 0.68 09/16/2026 49.78 49.78 09/16/2024 Principal Paydown 362554AC1 126,473.22 GMCAR 2021-4 A3 0.68 09/16/2026 8,813.12 8,813.12 09/16/2024 Coupon 362585AC5 256,628.80 GMCAR 2022-2 A3 3.1 02/16/2027 494.16 494.16 09/16/2024 Principal Paydown 362585AC5 256,628.80 GMCAR 2022-2 A3 3.1 02/16/2027 15,208.47 15,208.47 09/16/2024 Coupon 380146AC4 126,974.49 GMCAR 2022-1 A3 1.26 11/16/2026 93.55 93.55 09/16/2024 Principal Paydown 380146AC4 126,974.49 GMCAR 2022-1 A3 1.26 11/16/2026 8,552.66 8,552.66 09/16/2024 Coupon 43815BAC4 366,856.67 HAROT 2022-1 A3 1.88 05/15/2026 401.19 401.19 09/16/2024 Principal Paydown 43815BAC4 366,856.67 HAROT 2022-1 A3 1.88 05/15/2026 25,915.33 25,915.33 09/16/2024 Coupon 44934KAC8 226,380.75 HART 2021-B A3 0.38 01/15/2026 41.87 41.87 09/16/2024 Principal Paydown 44934KAC8 226,380.75 HART 2021-B A3 0.38 01/15/2026 32,992.79 32,992.79 09/16/2024 Coupon 44935FAD6 105,166.52 HART 2021-C A3 0.74 05/15/2026 38.78 38.78 09/16/2024 Principal Paydown 44935FAD6 105,166.52 HART 2021-C A3 0.74 05/15/2026 9,753.91 9,753.91 09/16/2024 Coupon 47787JAC2 197,924.89 JDOT 2022 A3 0.36 09/15/2026 273.76 273.76 09/16/2024 Principal Paydown 47787JAC2 197,924.89 JDOT 2022 A3 0.36 09/15/2026 12,704.63 12,704.63 09/16/2024 Coupon 47788UAC6 38,226.19 JDOT 2021 A3 0.36 09/15/2025 3.26 3.26 09/16/2024 Principal Paydown 47788UAC6 38,226.19 JDOT 2021 A3 0.36 09/15/2025 7,523.14 7,523.14 09/16/2024 Coupon 47789QAC4 156,363.29 JDOT 2021-B A3 0.52 03/16/2026 41.79 41.79 09/16/2024 Principal Paydown 47789QAC4 156,363.29 JDOT 2021-B A3 0.52 03/16/2026 10,339.71 10,339.71 09/16/2024 Coupon 47800AAC4 400,000.00 JDOT 2022-B A3 3.74 02/16/2027 1,011.16 1,011.16 09/16/2024 Principal Paydown 47800AAC4 400,000.00 JDOT 2022-B A3 3.74 02/16/2027 17,344.14 17,344.14 09/16/2024 Coupon 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 3,717.22 3,717.22 CONFIDENTIAL | 41
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
09/16/2024 Principal Paydown 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 48,705.97 48,705.97 09/16/2024 Coupon 89238FAD5 271,700.41 TAOT 2022-B A3 2.93 09/15/2026 479.32 479.32 09/16/2024 Principal Paydown 89238FAD5 271,700.41 TAOT 2022-B A3 2.93 09/15/2026 16,380.75 16,380.75 09/17/2024 Coupon 931142ER0 240,000.00 WALMART INC 1.05 09/17/2026 1,260.00 1,260.00 09/23/2024 Coupon 3137EAEX3 1,560,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.375 09/23/2025 2,925.00 2,925.00
09/23/2024 Coupon 43815GAC3 153,260.67 HAROT 2021-4 A3 0.88 01/21/2026 71.48 71.48 09/23/2024 Principal Paydown 43815GAC3 153,260.67 HAROT 2021-4 A3 0.88 01/21/2026 12,263.40 12,263.40 09/25/2024 Coupon 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 820.50 820.50 09/25/2024 Coupon 05602RAD3 239,197.76 BMWOT 2022-A A3 3.21 08/25/2026 445.37 445.37 09/25/2024 Principal Paydown 05602RAD3 239,197.76 BMWOT 2022-A A3 3.21 08/25/2026 15,980.80 15,980.80 09/25/2024 Coupon 3137BFE98 784,211.26 FHMS K-041 A2 3.171 10/25/2024 1,530.32 1,530.32 09/25/2024 Principal Paydown 3137BFE98 784,211.26 FHMS K-041 A2 3.171 10/25/2024 283,329.98 283,329.98 09/25/2024 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 09/30/2024 Coupon 91282CBT7 1,500,000.00 UNITED STATES TREASURY 0.75 03/31/2026 5,625.00 5,625.00 09/30/2024 Coupon 91282CEF4 1,250,000.00 UNITED STATES TREASURY 2.5 03/31/2027 15,625.00 15,625.00 09/30/2024 Coupon 91282CFM8 1,000,000.00 UNITED STATES TREASURY 4.125 09/30/2027 20,625.00 20,625.00 09/30/2024 Coupon 91282CGT2 1,750,000.00 UNITED STATES TREASURY 3.625 03/31/2028 31,718.75 31,718.75 09/30/2024 Coupon 91282CJA0 1,850,000.00 UNITED STATES TREASURY 4.625 09/30/2028 42,781.25 42,781.25 09/30/2024 Coupon 91282CKG5 1,200,000.00 UNITED STATES TREASURY 4.125 03/31/2029 24,750.00 24,750.00 September 2024 Total 525,808.81 365,038.41 890,847.22
OCTOBER 2024
10/15/2024 Coupon 023135CF1 750,000.00 AMAZON.COM INC 3.3 04/13/2027 12,375.00 12,375.00 10/15/2024 Coupon 02582JJT8 840,000.00 AMXCA 2022-2 A 05/17/2027 2,373.00 2,373.00 10/15/2024 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,521.88 1,521.88 10/15/2024 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 10/15/2024 Coupon 3130AJHU6 1,900,000.00 FEDERAL HOME LOAN BANKS 0.5 04/14/2025 4,750.00 4,750.00 10/15/2024 Coupon 43815BAC4 366,856.67 HAROT 2022-1 A3 1.88 05/15/2026 360.59 360.59 10/15/2024 Principal Paydown 43815BAC4 366,856.67 HAROT 2022-1 A3 1.88 05/15/2026 24,889.22 24,889.22 10/15/2024 Coupon 44934KAC8 226,380.75 HART 2021-B A3 0.38 01/15/2026 25.64 25.64 10/15/2024 Principal Paydown 44934KAC8 226,380.75 HART 2021-B A3 0.38 01/15/2026 31,696.02 31,696.02 10/15/2024 Coupon 44935FAD6 105,166.52 HART 2021-C A3 0.74 05/15/2026 32.76 32.76 CONFIDENTIAL | 42
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
10/15/2024 Principal Paydown 44935FAD6 105,166.52 HART 2021-C A3 0.74 05/15/2026 9,357.35 9,357.35 10/15/2024 Coupon 46647PBF2 1,150,000.00 JPMORGAN CHASE & CO 2.301 10/15/2025 13,230.75 13,230.75 10/15/2024 Effective Maturity 46647PBF2 1,150,000.00 JPMORGAN CHASE & CO 2.301 10/15/2025 1,150,000.00 1,150,000.00 10/15/2024 Coupon 47787JAC2 197,924.89 JDOT 2022 A3 0.36 09/15/2026 249.20 249.20 10/15/2024 Principal Paydown 47787JAC2 197,924.89 JDOT 2022 A3 0.36 09/15/2026 14,167.45 14,167.45 10/15/2024 Coupon 47788UAC6 38,226.19 JDOT 2021 A3 0.36 09/15/2025 1.01 1.01 10/15/2024 Effective Maturity 47788UAC6 38,226.19 JDOT 2021 A3 0.36 09/15/2025 3,356.86 3,356.86 10/15/2024 Coupon 47789QAC4 156,363.29 JDOT 2021-B A3 0.52 03/16/2026 37.31 37.31 10/15/2024 Principal Paydown 47789QAC4 156,363.29 JDOT 2021-B A3 0.52 03/16/2026 10,781.90 10,781.90 10/15/2024 Coupon 47800AAC4 400,000.00 JDOT 2022-B A3 3.74 02/16/2027 957.11 957.11 10/15/2024 Principal Paydown 47800AAC4 400,000.00 JDOT 2022-B A3 3.74 02/16/2027 19,584.27 19,584.27 10/15/2024 Coupon 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 3,505.75 3,505.75 10/15/2024 Principal Paydown 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 46,729.17 46,729.17 10/15/2024 Coupon 74340XBN0 1,000,000.00 PROLOGIS LP 2.125 04/15/2027 10,625.00 10,625.00 10/15/2024 Coupon 89238FAD5 271,700.41 TAOT 2022-B A3 2.93 09/15/2026 439.32 439.32 10/15/2024 Principal Paydown 89238FAD5 271,700.41 TAOT 2022-B A3 2.93 09/15/2026 15,697.40 15,697.40 10/16/2024 Coupon 362554AC1 126,473.22 GMCAR 2021-4 A3 0.68 09/16/2026 44.79 44.79 10/16/2024 Principal Paydown 362554AC1 126,473.22 GMCAR 2021-4 A3 0.68 09/16/2026 8,476.52 8,476.52 10/16/2024 Coupon 362585AC5 256,628.80 GMCAR 2022-2 A3 3.1 02/16/2027 454.87 454.87 10/16/2024 Principal Paydown 362585AC5 256,628.80 GMCAR 2022-2 A3 3.1 02/16/2027 14,421.33 14,421.33 10/16/2024 Coupon 380146AC4 126,974.49 GMCAR 2022-1 A3 1.26 11/16/2026 84.57 84.57 10/16/2024 Principal Paydown 380146AC4 126,974.49 GMCAR 2022-1 A3 1.26 11/16/2026 8,209.22 8,209.22 10/21/2024 Coupon 43815GAC3 153,260.67 HAROT 2021-4 A3 0.88 01/21/2026 62.49 62.49 10/21/2024 Principal Paydown 43815GAC3 153,260.67 HAROT 2021-4 A3 0.88 01/21/2026 11,786.49 11,786.49 10/22/2024 Coupon 3135G03U5 805,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION
0.625 04/22/2025 2,515.63 2,515.63
10/22/2024 Coupon 46647PBK1 500,000.00 JPMORGAN CHASE & CO 2.083 04/22/2026 5,207.50 5,207.50 10/25/2024 Coupon 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 820.50 820.50 10/25/2024 Coupon 05602RAD3 239,197.76 BMWOT 2022-A A3 3.21 08/25/2026 402.62 402.62 10/25/2024 Principal Paydown 05602RAD3 239,197.76 BMWOT 2022-A A3 3.21 08/25/2026 15,277.90 15,277.90 10/25/2024 Coupon 3137BFE98 784,211.26 FHMS K-041 A2 3.171 10/25/2024 781.62 781.62 10/25/2024 Final Maturity 3137BFE98 784,211.26 FHMS K-041 A2 3.171 10/25/2024 295,789.33 295,789.33 CONFIDENTIAL | 43
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
10/25/2024 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 10/31/2024 Coupon 91282CBW0 1,000,000.00 UNITED STATES TREASURY 0.75 04/30/2026 3,750.00 3,750.00 10/31/2024 Coupon 91282CDG3 3,000,000.00 UNITED STATES TREASURY 1.125 10/31/2026 16,875.00 16,875.00 10/31/2024 Coupon 91282CEN7 2,500,000.00 UNITED STATES TREASURY 2.75 04/30/2027 34,375.00 34,375.00 10/31/2024 Coupon 91282CFU0 1,100,000.00 UNITED STATES TREASURY 4.125 10/31/2027 22,687.50 22,687.50 10/31/2024 Coupon 91282CHA2 2,180,000.00 UNITED STATES TREASURY 3.5 04/30/2028 38,150.00 38,150.00 October 2024 Total 1,680,220.43 186,905.18 1,867,125.61 NOVEMBER 2024
11/01/2024 Coupon 06367WB85 1,150,000.00 BANK OF MONTREAL 1.85 05/01/2025 10,637.50 10,637.50 11/01/2024 Coupon 74456QBU9 1,250,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.7 05/01/2028 23,125.00 23,125.00
11/07/2024 Coupon 3135G06G3 1,680,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION
0.5 11/07/2025 4,200.00 4,200.00
11/12/2024 Coupon 037833ET3 205,000.00 APPLE INC 4.0 05/10/2028 4,100.00 4,100.00 11/13/2024 Coupon 14913R2V8 445,000.00 CATERPILLAR FINANCIAL SERVICES CORP 3.4 05/13/2025 7,565.00 7,565.00
11/15/2024 Coupon 02582JJT8 840,000.00 AMXCA 2022-2 A 05/17/2027 2,373.00 2,373.00 11/15/2024 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,521.88 1,521.88 11/15/2024 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 11/15/2024 Coupon 43815BAC4 366,856.67 HAROT 2022-1 A3 1.88 05/15/2026 321.59 321.59 11/15/2024 Principal Paydown 43815BAC4 366,856.67 HAROT 2022-1 A3 1.88 05/15/2026 22,796.33 22,796.33 11/15/2024 Coupon 44934KAC8 226,380.75 HART 2021-B A3 0.38 01/15/2026 10.06 10.06 11/15/2024 Effective Maturity 44934KAC8 226,380.75 HART 2021-B A3 0.38 01/15/2026 20,462.17 20,462.17 11/15/2024 Coupon 44935FAD6 105,166.52 HART 2021-C A3 0.74 05/15/2026 26.99 26.99 11/15/2024 Principal Paydown 44935FAD6 105,166.52 HART 2021-C A3 0.74 05/15/2026 9,121.01 9,121.01 11/15/2024 Coupon 47787JAC2 197,924.89 JDOT 2022 A3 0.36 09/15/2026 221.81 221.81 11/15/2024 Principal Paydown 47787JAC2 197,924.89 JDOT 2022 A3 0.36 09/15/2026 15,279.09 15,279.09 11/15/2024 Coupon 47789QAC4 156,363.29 JDOT 2021-B A3 0.52 03/16/2026 32.64 32.64 11/15/2024 Principal Paydown 47789QAC4 156,363.29 JDOT 2021-B A3 0.52 03/16/2026 12,810.64 12,810.64 11/15/2024 Coupon 47800AAC4 400,000.00 JDOT 2022-B A3 3.74 02/16/2027 896.07 896.07 11/15/2024 Principal Paydown 47800AAC4 400,000.00 JDOT 2022-B A3 3.74 02/16/2027 20,408.41 20,408.41 11/15/2024 Coupon 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 3,302.87 3,302.87 CONFIDENTIAL | 44
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
11/15/2024 Principal Paydown 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 45,700.46 45,700.46 11/15/2024 Coupon 89238FAD5 271,700.41 TAOT 2022-B A3 2.93 09/15/2026 400.99 400.99 11/15/2024 Principal Paydown 89238FAD5 271,700.41 TAOT 2022-B A3 2.93 09/15/2026 14,421.45 14,421.45 11/15/2024 Coupon 9128285M8 1,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 15,625.00 15,625.00 11/15/2024 Coupon 91324PEC2 1,245,000.00 UNITEDHEALTH GROUP INC 1.15 05/15/2026 7,158.75 7,158.75 11/15/2024 Coupon 927804GH1 250,000.00 VIRGINIA ELECTRIC AND POWER CO 3.75 05/15/2027 4,687.50 4,687.50
11/18/2024 Coupon 362554AC1 126,473.22 GMCAR 2021-4 A3 0.68 09/16/2026 39.98 39.98 11/18/2024 Principal Paydown 362554AC1 126,473.22 GMCAR 2021-4 A3 0.68 09/16/2026 8,282.01 8,282.01 11/18/2024 Coupon 362585AC5 256,628.80 GMCAR 2022-2 A3 3.1 02/16/2027 417.62 417.62 11/18/2024 Principal Paydown 362585AC5 256,628.80 GMCAR 2022-2 A3 3.1 02/16/2027 13,214.16 13,214.16 11/18/2024 Coupon 380146AC4 126,974.49 GMCAR 2022-1 A3 1.26 11/16/2026 75.95 75.95 11/18/2024 Principal Paydown 380146AC4 126,974.49 GMCAR 2022-1 A3 1.26 11/16/2026 8,020.17 8,020.17 11/21/2024 Coupon 43815GAC3 153,260.67 HAROT 2021-4 A3 0.88 01/21/2026 53.84 53.84 11/21/2024 Principal Paydown 43815GAC3 153,260.67 HAROT 2021-4 A3 0.88 01/21/2026 11,472.18 11,472.18 11/25/2024 Coupon 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 820.50 820.50 11/25/2024 Coupon 05602RAD3 239,197.76 BMWOT 2022-A A3 3.21 08/25/2026 361.75 361.75 11/25/2024 Principal Paydown 05602RAD3 239,197.76 BMWOT 2022-A A3 3.21 08/25/2026 14,826.86 14,826.86 11/25/2024 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 11/29/2024 Coupon 61747YEA9 1,240,000.00 MORGAN STANLEY 0.79 05/30/2025 18,088.50 18,088.50 November 2024 Total 216,814.94 116,273.58 333,088.52
DECEMBER 2024
12/02/2024 Coupon 91282CAZ4 2,000,000.00 UNITED STATES TREASURY 0.375 11/30/2025 3,750.00 3,750.00 12/02/2024 Coupon 91282CJN2 1,500,000.00 UNITED STATES TREASURY 4.375 11/30/2028 32,812.50 32,812.50 12/09/2024 Coupon 3130AWMN7 1,000,000.00 FEDERAL HOME LOAN BANKS 4.375 06/09/2028 21,875.00 21,875.00 12/10/2024 Coupon 78015K7H1 400,000.00 ROYAL BANK OF CANADA 1.15 06/10/2025 2,300.00 2,300.00 12/12/2024 Coupon 3130ATUC9 1,800,000.00 FEDERAL HOME LOAN BANKS 4.5 12/12/2025 40,500.00 40,500.00 12/16/2024 Coupon 02582JJT8 840,000.00 AMXCA 2022-2 A 05/17/2027 2,373.00 2,373.00 12/16/2024 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,521.88 1,521.88 12/16/2024 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 12/16/2024 Coupon 3133EPN50 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP
4.25 12/15/2028 21,250.00 21,250.00
CONFIDENTIAL | 45
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
12/16/2024 Coupon 362554AC1 126,473.22 GMCAR 2021-4 A3 0.68 09/16/2026 35.29 35.29 12/16/2024 Principal Paydown 362554AC1 126,473.22 GMCAR 2021-4 A3 0.68 09/16/2026 7,889.51 7,889.51 12/16/2024 Coupon 362585AC5 256,628.80 GMCAR 2022-2 A3 3.1 02/16/2027 383.48 383.48 12/16/2024 Principal Paydown 362585AC5 256,628.80 GMCAR 2022-2 A3 3.1 02/16/2027 12,359.88 12,359.88 12/16/2024 Coupon 380146AC4 126,974.49 GMCAR 2022-1 A3 1.26 11/16/2026 67.53 67.53 12/16/2024 Principal Paydown 380146AC4 126,974.49 GMCAR 2022-1 A3 1.26 11/16/2026 7,603.12 7,603.12 12/16/2024 Coupon 43815BAC4 366,856.67 HAROT 2022-1 A3 1.88 05/15/2026 285.88 285.88 12/16/2024 Principal Paydown 43815BAC4 366,856.67 HAROT 2022-1 A3 1.88 05/15/2026 21,714.98 21,714.98 12/16/2024 Coupon 44935FAD6 105,166.52 HART 2021-C A3 0.74 05/15/2026 21.37 21.37 12/16/2024 Principal Paydown 44935FAD6 105,166.52 HART 2021-C A3 0.74 05/15/2026 8,674.68 8,674.68 12/16/2024 Coupon 47787JAC2 197,924.89 JDOT 2022 A3 0.36 09/15/2026 192.27 192.27 12/16/2024 Principal Paydown 47787JAC2 197,924.89 JDOT 2022 A3 0.36 09/15/2026 10,792.06 10,792.06 12/16/2024 Coupon 47789QAC4 156,363.29 JDOT 2021-B A3 0.52 03/16/2026 27.09 27.09 12/16/2024 Principal Paydown 47789QAC4 156,363.29 JDOT 2021-B A3 0.52 03/16/2026 9,148.75 9,148.75 12/16/2024 Coupon 47800AAC4 400,000.00 JDOT 2022-B A3 3.74 02/16/2027 832.47 832.47 12/16/2024 Principal Paydown 47800AAC4 400,000.00 JDOT 2022-B A3 3.74 02/16/2027 16,153.20 16,153.20 12/16/2024 Coupon 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 3,104.45 3,104.45 12/16/2024 Principal Paydown 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 43,277.66 43,277.66 12/16/2024 Coupon 63743HFE7 685,000.00 NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORP 3.45 06/15/2025 11,816.25 11,816.25
12/16/2024 Coupon 89238FAD5 271,700.41 TAOT 2022-B A3 2.93 09/15/2026 365.78 365.78 12/16/2024 Principal Paydown 89238FAD5 271,700.41 TAOT 2022-B A3 2.93 09/15/2026 13,789.43 13,789.43 12/17/2024 Coupon 3135G04Z3 2,020,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION
0.5 06/17/2025 5,050.00 5,050.00
12/18/2024 Coupon 89236TJK2 810,000.00 TOYOTA MOTOR CREDIT CORP 1.125 06/18/2026 4,556.25 4,556.25 12/19/2024 Coupon 06051GJD2 500,000.00 BANK OF AMERICA CORP 1.319 06/19/2026 3,297.50 3,297.50 12/23/2024 Coupon 43815GAC3 153,260.67 HAROT 2021-4 A3 0.88 01/21/2026 45.43 45.43 12/23/2024 Principal Paydown 43815GAC3 153,260.67 HAROT 2021-4 A3 0.88 01/21/2026 10,962.31 10,962.31 12/25/2024 Coupon 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 820.50 820.50 12/25/2024 Coupon 05602RAD3 239,197.76 BMWOT 2022-A A3 3.21 08/25/2026 322.09 322.09 12/25/2024 Principal Paydown 05602RAD3 239,197.76 BMWOT 2022-A A3 3.21 08/25/2026 13,496.88 13,496.88 12/25/2024 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 CONFIDENTIAL | 46
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
12/31/2024 Coupon 91282CBC4 2,000,000.00 UNITED STATES TREASURY 0.375 12/31/2025 3,750.00 3,750.00 12/31/2024 Coupon 91282CEW7 1,400,000.00 UNITED STATES TREASURY 3.25 06/30/2027 22,750.00 22,750.00 12/31/2024 Coupon 91282CGC9 1,250,000.00 UNITED STATES TREASURY 3.875 12/31/2027 24,218.75 24,218.75 12/31/2024 Coupon 91282CJR3 1,200,000.00 UNITED STATES TREASURY 3.75 12/31/2028 22,500.00 22,500.00 December 2024 Total 175,862.46 241,033.53 416,895.98
JANUARY 2025
01/07/2025 Coupon 02665WEM9 1,200,000.00 AMERICAN HONDA FINANCE CORP 5.125 07/07/2028 30,750.00 30,750.00
01/10/2025 Coupon 89115A2M3 1,100,000.00 TORONTO-DOMINION BANK 5.156 01/10/2028 28,358.00 28,358.00 01/13/2025 Coupon 45950KDD9 520,000.00 INTERNATIONAL FINANCE CORP 4.5 07/13/2028 11,700.00 11,700.00 01/15/2025 Coupon 02582JJT8 840,000.00 AMXCA 2022-2 A 05/17/2027 2,373.00 2,373.00 01/15/2025 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,521.88 1,521.88 01/15/2025 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 01/15/2025 Coupon 43815BAC4 366,856.67 HAROT 2022-1 A3 1.88 05/15/2026 251.86 251.86 01/15/2025 Principal Paydown 43815BAC4 366,856.67 HAROT 2022-1 A3 1.88 05/15/2026 21,207.78 21,207.78 01/15/2025 Coupon 44935FAD6 105,166.52 HART 2021-C A3 0.74 05/15/2026 16.02 16.02 01/15/2025 Principal Paydown 44935FAD6 105,166.52 HART 2021-C A3 0.74 05/15/2026 8,483.99 8,483.99 01/15/2025 Coupon 47787JAC2 197,924.89 JDOT 2022 A3 0.36 09/15/2026 171.40 171.40 01/15/2025 Principal Paydown 47787JAC2 197,924.89 JDOT 2022 A3 0.36 09/15/2026 12,780.37 12,780.37 01/15/2025 Coupon 47789QAC4 156,363.29 JDOT 2021-B A3 0.52 03/16/2026 23.12 23.12 01/15/2025 Principal Paydown 47789QAC4 156,363.29 JDOT 2021-B A3 0.52 03/16/2026 16,537.98 16,537.98 01/15/2025 Coupon 47800AAC4 400,000.00 JDOT 2022-B A3 3.74 02/16/2027 782.12 782.12 01/15/2025 Principal Paydown 47800AAC4 400,000.00 JDOT 2022-B A3 3.74 02/16/2027 25,089.86 25,089.86 01/15/2025 Coupon 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 2,916.55 2,916.55 01/15/2025 Principal Paydown 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 42,563.70 42,563.70 01/15/2025 Coupon 756109AU8 1,000,000.00 REALTY INCOME CORP 3.65 01/15/2028 18,250.00 18,250.00 01/15/2025 Coupon 87612EBM7 545,000.00 TARGET CORP 1.95 01/15/2027 5,313.75 5,313.75 01/15/2025 Coupon 89238FAD5 271,700.41 TAOT 2022-B A3 2.93 09/15/2026 332.11 332.11 01/15/2025 Principal Paydown 89238FAD5 271,700.41 TAOT 2022-B A3 2.93 09/15/2026 13,581.05 13,581.05 01/16/2025 Coupon 24422EXH7 1,200,000.00 JOHN DEERE CAPITAL CORP 4.5 01/16/2029 27,000.00 27,000.00 01/16/2025 Coupon 362554AC1 126,473.22 GMCAR 2021-4 A3 0.68 09/16/2026 30.82 30.82 01/16/2025 Principal Paydown 362554AC1 126,473.22 GMCAR 2021-4 A3 0.68 09/16/2026 7,740.15 7,740.15 CONFIDENTIAL | 47
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
01/16/2025 Coupon 362585AC5 256,628.80 GMCAR 2022-2 A3 3.1 02/16/2027 351.55 351.55 01/16/2025 Principal Paydown 362585AC5 256,628.80 GMCAR 2022-2 A3 3.1 02/16/2027 12,080.84 12,080.84 01/16/2025 Coupon 380146AC4 126,974.49 GMCAR 2022-1 A3 1.26 11/16/2026 59.54 59.54 01/16/2025 Principal Paydown 380146AC4 126,974.49 GMCAR 2022-1 A3 1.26 11/16/2026 7,464.97 7,464.97 01/21/2025 Coupon 06051GGF0 1,000,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 19,120.00 19,120.00 01/21/2025 Coupon 3137EAEU9 1,075,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.375 07/21/2025 2,015.63 2,015.63
01/21/2025 Coupon 43815GAC3 153,260.67 HAROT 2021-4 A3 0.88 01/21/2026 37.39 37.39 01/21/2025 Principal Paydown 43815GAC3 153,260.67 HAROT 2021-4 A3 0.88 01/21/2026 10,703.22 10,703.22 01/27/2025 Coupon 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 820.50 820.50 01/27/2025 Coupon 05602RAD3 239,197.76 BMWOT 2022-A A3 3.21 08/25/2026 285.99 285.99 01/27/2025 Principal Paydown 05602RAD3 239,197.76 BMWOT 2022-A A3 3.21 08/25/2026 12,965.43 12,965.43 01/27/2025 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 01/31/2025 Coupon 69371RS80 1,200,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 27,600.00 27,600.00 01/31/2025 Coupon 912828Z78 500,000.00 UNITED STATES TREASURY 1.5 01/31/2027 3,750.00 3,750.00 01/31/2025 Coupon 91282CCP4 1,000,000.00 UNITED STATES TREASURY 0.625 07/31/2026 3,125.00 3,125.00 01/31/2025 Coupon 91282CHQ7 1,000,000.00 UNITED STATES TREASURY 4.125 07/31/2028 20,625.00 20,625.00 01/31/2025 Coupon 91282CJW2 1,500,000.00 UNITED STATES TREASURY 4.0 01/31/2029 30,000.00 30,000.00 January 2025 Total 191,199.33 247,790.02 438,989.35
FEBRUARY 2025
02/03/2025 Coupon 78016HZS2 1,000,000.00 ROYAL BANK OF CANADA 5.2 08/01/2028 26,000.00 26,000.00 02/07/2025 Coupon 06406RAB3 1,000,000.00 BANK OF NEW YORK MELLON CORP 3.442 02/07/2028 17,210.00 17,210.00
02/12/2025 Coupon 14913R3A3 700,000.00 CATERPILLAR FINANCIAL SERVICES CORP 3.6 08/12/2027 12,600.00 12,600.00
02/12/2025 Coupon 3137EAEP0 2,040,000.00 FEDERAL HOME LOAN MORTGAGE CORP 1.5 02/12/2025 15,300.00 15,300.00
02/12/2025 Final Maturity 3137EAEP0 2,040,000.00 FEDERAL HOME LOAN MORTGAGE CORP 1.5 02/12/2025 2,040,000.00 2,040,000.00
02/17/2025 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 02/17/2025 Coupon 362554AC1 126,473.22 GMCAR 2021-4 A3 0.68 09/16/2026 26.43 26.43 02/17/2025 Principal Paydown 362554AC1 126,473.22 GMCAR 2021-4 A3 0.68 09/16/2026 7,629.25 7,629.25 02/17/2025 Coupon 362585AC5 256,628.80 GMCAR 2022-2 A3 3.1 02/16/2027 320.34 320.34 CONFIDENTIAL | 48
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
02/17/2025 Principal Paydown 362585AC5 256,628.80 GMCAR 2022-2 A3 3.1 02/16/2027 11,886.43 11,886.43 02/17/2025 Coupon 380146AC4 126,974.49 GMCAR 2022-1 A3 1.26 11/16/2026 51.70 51.70 02/17/2025 Principal Paydown 380146AC4 126,974.49 GMCAR 2022-1 A3 1.26 11/16/2026 7,365.75 7,365.75 02/17/2025 Coupon 43815BAC4 366,856.67 HAROT 2022-1 A3 1.88 05/15/2026 218.63 218.63 02/17/2025 Principal Paydown 43815BAC4 366,856.67 HAROT 2022-1 A3 1.88 05/15/2026 20,793.06 20,793.06 02/17/2025 Coupon 44935FAD6 105,166.52 HART 2021-C A3 0.74 05/15/2026 10.78 10.78 02/17/2025 Principal Paydown 44935FAD6 105,166.52 HART 2021-C A3 0.74 05/15/2026 8,334.92 8,334.92 02/17/2025 Coupon 47787JAC2 197,924.89 JDOT 2022 A3 0.36 09/15/2026 146.69 146.69 02/17/2025 Principal Paydown 47787JAC2 197,924.89 JDOT 2022 A3 0.36 09/15/2026 9,593.59 9,593.59 02/17/2025 Coupon 47789QAC4 156,363.29 JDOT 2021-B A3 0.52 03/16/2026 15.95 15.95 02/17/2025 Principal Paydown 47789QAC4 156,363.29 JDOT 2021-B A3 0.52 03/16/2026 14,662.67 14,662.67 02/17/2025 Coupon 47800AAC4 400,000.00 JDOT 2022-B A3 3.74 02/16/2027 703.92 703.92 02/17/2025 Principal Paydown 47800AAC4 400,000.00 JDOT 2022-B A3 3.74 02/16/2027 20,873.10 20,873.10 02/17/2025 Coupon 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 2,731.76 2,731.76 02/17/2025 Principal Paydown 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 42,086.28 42,086.28 02/17/2025 Coupon 89238FAD5 271,700.41 TAOT 2022-B A3 2.93 09/15/2026 298.95 298.95 02/17/2025 Principal Paydown 89238FAD5 271,700.41 TAOT 2022-B A3 2.93 09/15/2026 13,427.39 13,427.39 02/18/2025 Coupon 02582JJT8 840,000.00 AMXCA 2022-2 A 05/17/2027 2,373.00 2,373.00 02/18/2025 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,521.88 1,521.88 02/18/2025 Coupon 4581X0EN4 1,250,000.00 INTER-AMERICAN DEVELOPMENT BANK 4.125 02/15/2029 25,781.25 25,781.25
02/18/2025 Coupon 9128283W8 1,250,000.00 UNITED STATES TREASURY 2.75 02/15/2028 17,187.50 17,187.50 02/18/2025 Coupon 912828V98 1,250,000.00 UNITED STATES TREASURY 2.25 02/15/2027 14,062.50 14,062.50 02/21/2025 Coupon 43815GAC3 153,260.67 HAROT 2021-4 A3 0.88 01/21/2026 29.54 29.54 02/21/2025 Principal Paydown 43815GAC3 153,260.67 HAROT 2021-4 A3 0.88 01/21/2026 10,483.56 10,483.56 02/25/2025 Coupon 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 820.50 820.50 02/25/2025 Coupon 05602RAD3 239,197.76 BMWOT 2022-A A3 3.21 08/25/2026 251.30 251.30 02/25/2025 Principal Paydown 05602RAD3 239,197.76 BMWOT 2022-A A3 3.21 08/25/2026 11,861.34 11,861.34 02/25/2025 Coupon 3135G05X7 1,700,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION
0.375 08/25/2025 3,187.50 3,187.50
02/25/2025 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 02/28/2025 Coupon 91282CCW9 2,250,000.00 UNITED STATES TREASURY 0.75 08/31/2026 8,437.50 8,437.50 CONFIDENTIAL | 49
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
02/28/2025 Coupon 91282CFH9 1,000,000.00 UNITED STATES TREASURY 3.125 08/31/2027 15,625.00 15,625.00 02/28/2025 Coupon 91282CHX2 1,500,000.00 UNITED STATES TREASURY 4.375 08/31/2028 32,812.50 32,812.50 02/28/2025 Coupon 91282CKD2 1,000,000.00 UNITED STATES TREASURY 4.25 02/28/2029 21,250.00 21,250.00 February 2025 Total 2,218,997.35 229,183.94 2,448,181.29 Grand Total 277,840,070.58 6,685,609.46 2,477,838.75 9,163,448.20 CONFIDENTIAL | 50
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
IMPORTANT DISCLOSURES
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.
CONFIDENTIAL | 51
City of Vallejo | Account #260 | As of March 31, 2024
Execution Time: 04/30/2024 05:20:37 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
BENCHMARK INDEX & DISCLOSURES
Benchmark Disclosure
ICE BofA 1-5 Yr US Treasury & Agency
Index
The ICE BofA 1-5 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies.
MONTHLY ACCOUNT STATEMENT
City of Vallejo Reporting Account | Account #261 | As of March 31, 2024 CHANDLER ASSET MANAGEMENT | chandlerasset.com
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.
Chandler Team:
For questions about your account, please call (800) 317-4747, or contact [email protected]
Custodian:
CONFIDENTIAL | 2
City of Vallejo Reporting Account | Account #261 | As of March 31, 2024 Execution Time: 04/30/2024 05:21:01 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Account Summary
Maturity Distribution
Top Issuers
Credit Quality
Average Modified Duration 0.00
Average Coupon 2.94%
Average Purchase YTM 2.94%
Average Market YTM 2.94%
Average Quality AAA
Average Final Maturity 0.00
Average Life 0.00
Beg. Values as of
03/01/2024
End Values as of
03/31/2024
Market Value 86,991,181.33 90,739,568.65
Accrued Interest 0.00 0.00
Total Market Value 86,991,181.33 90,739,568.65
Income Earned 0.00 0.00
Cont/WD (458,671.79) 3,512,149.21
Par 86,991,181.33 90,739,568.65
Book Value 86,991,181.33 90,739,568.65
Cost Value 86,991,181.33 90,739,568.65
LAIF 68.87%
Wells Fargo Stagecoach 29.26%
Checking Deposit 1.36%
*See Footnote
The credit quality is a weighted average calculation of the highest of S&P , Moody’s’ and Fitch CONFIDENTIAL | 3
City of Vallejo Reporting Account | Account #261 | As of March 31, 2024 Execution Time: 04/30/2024 05:21:01 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
RECONCILIATION SUMMARY
Accrual Activity Summary
Fair Market Activity Summary
Month to Date Fiscal Year to Date
(07/01/2023)
Beginning Book Value 86,991,181.33 88,010,485.95
Maturities/Calls 0.00 0.00
Principal Paydowns 0.00 0.00
Purchases 12,512,149.21 50,850,955.76
Sales (9,000,000.00) (24,403,515.10)
Change in Cash, Payables, Receivables 236,238.11 470,137.45 Amortization/Accretion 0.00 0.00
Realized Gain (Loss) 0.00 0.00
Ending Book Value 90,739,568.65 90,739,568.65
Month to Date Fiscal Year to Date
(07/01/2023)
Beginning Market Value 86,991,181.33 88,010,485.95
Maturities/Calls 0.00 0.00
Principal Paydowns 0.00 0.00
Purchases 12,512,149.21 50,850,955.76
Sales (9,000,000.00) (24,403,515.10)
Change in Cash, Payables, Receivables 236,238.11 470,137.45 Amortization/Accretion 0.00 0.00
Change in Net Unrealized Gain (Loss) 0.00 0.00
Realized Gain (Loss) 0.00 0.00
Ending Market Value 90,739,568.65 90,739,568.65
Maturities / Calls
Month to Date 0.00
Fiscal Year to Date 0.00
Principal Paydowns
Month to Date 0.00
Fiscal Year to Date 0.00
Purchases
Month to Date 12,512,149.21
Fiscal Year to Date 50,850,955.76
Sales
Month to Date (9,000,000.00)
Fiscal Year to Date (24,403,515.10)
Interest Received
Month to Date 0.00
Fiscal Year to Date 1,352,624.89
Purchased / Sold Interest
Month to Date 0.00
Fiscal Year to Date 0.00
CONFIDENTIAL | 4
City of Vallejo Reporting Account | Account #261 | As of March 31, 2024 Execution Time: 04/30/2024 05:21:01 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
HOLDINGS REPORT
Cusip Security Description Par Value/
Units
Purchase Date
Purchase Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody's/
S&P
Fitch
Maturity
Duration
CASH
CCYUSD Receivable 470,137.45 --
0.00%
470,137.45
470,137.45
1.00 0.00%
470,137.45
0.00 0.52%
0.00 Aaa/AAA
AAA
0.00 0.00
90CHECK$1 Checking Deposit Bank Account 1,230,488.00 03/31/2024
0.00%
1,230,488.00
1,230,488.00
1.00 0.00%
1,230,488.00
0.00 1.36%
0.00 NA/NA
NA
0.00 0.00
Total Cash 1,700,625.45 0.00%
1,700,625.45
1,700,625.45
1.00 0.00%
1,700,625.45
0.00 1.87%
0.00 Aaa/AAA
AAA
0.00 0.00
LAIF
90LAIF$00 State Pool 62,489,918.18 --
4.27%
62,489,918.18
62,489,918.18
1.00 4.27%
62,489,918.18
0.00 68.87%
0.00 NA/NA
NA
0.00 0.00
Total LAIF 62,489,918.18 4.27%
62,489,918.18
62,489,918.18
1.00 4.27%
62,489,918.18
0.00 68.87%
0.00 NA/NA
NA
0.00 0.00
MONEY MARKET
FUND
85253$413 Wells Fargo Stagecoach Sweep
Account 26,549,025.02 --
0.00%
26,549,025.02
26,549,025.02
1.00 0.00%
26,549,025.02
0.00 29.26%
0.00 NA/NA
NA
0.00 0.00
Total Money
Market Fund 26,549,025.02 0.00%
26,549,025.02
26,549,025.02
1.00 0.00%
26,549,025.02
0.00 29.26%
0.00 NA/NA
NA
0.00 0.00
Total Portfolio 90,739,568.65 2.94%
90,739,568.65
90,739,568.65
1.00 2.94%
90,739,568.65
0.00 100.00%
0.00 Aaa/AAA
AAA
0.00 0.00
Total Market
Value + Accrued 90,739,568.65
CONFIDENTIAL | 5
City of Vallejo Reporting Account | Account #261 | As of March 31, 2024 Execution Time: 04/30/2024 05:21:01 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
TRANSACTION LEDGER
Transaction Type Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 03/31/2024 85253$413 11,281,661.21 Wells Fargo Stagecoach Sweep Account 1.000 0.00% (11,281,661.21) 0.00 (11,281,661.21) 0.00 Purchase 03/31/2024 90CHECK$1 1,230,488.00 Checking Deposit Bank Account 1.000 0.00% (1,230,488.00) 0.00 (1,230,488.00) 0.00 Total Purchase 12,512,149.21 (12,512,149.21) 0.00 (12,512,149.21) 0.00 TOTAL ACQUISITIONS 12,512,149.21 (12,512,149.21) 0.00 (12,512,149.21) 0.00
DISPOSITIONS
Sale 03/12/2024 90LAIF$00 (9,000,000.00) State Pool 1.000 4.21% 9,000,000.00 0.00 9,000,000.00 0.00 Total Sale (9,000,000.00) 9,000,000.00 0.00 9,000,000.00 0.00 TOTAL DISPOSITIONS (9,000,000.00) 9,000,000.00 0.00 9,000,000.00 0.00 OTHER
TRANSACTIONS
Cash Transfer 03/31/2024 CCYUSD 3,512,149.21 Cash 0.00% 3,512,149.21 0.00 3,512,149.21 0.00 Total Cash Transfer 3,512,149.21 3,512,149.21 0.00 3,512,149.21 0.00
TOTAL OTHER
TRANSACTIONS 3,512,149.21 3,512,149.21 0.00 3,512,149.21 0.00 CONFIDENTIAL | 6
City of Vallejo Reporting Account | Account #261 | As of March 31, 2024 Execution Time: 04/30/2024 05:21:01 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
INCOME EARNED
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
CASH & EQUIVALENTS
85253$413 Wells Fargo Stagecoach
Sweep Account 26,549,025.02
15,267,363.81
11,281,661.21
0.00 26,549,025.02
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 90CHECK$1 Checking Deposit Bank
Account
03/31/2024
03/31/2024
1,230,488.00
0.00 1,230,488.00
0.00 1,230,488.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 CCYUSD Receivable
470,137.45
233,899.34
0.00 0.00
470,137.45
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 Total Cash & Equivalents 28,249,650.47
15,501,263.15
12,512,149.21
0.00 28,249,650.47
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00 0.00
LAIF
90LAIF$00 State Pool
62,489,918.18
71,489,918.18
0.00 (9,000,000.00)
62,489,918.18
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00
0.00 Total LAIF 62,489,918.18
71,489,918.18
0.00 (9,000,000.00)
62,489,918.18
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00 0.00
TOTAL PORTFOLIO 90,739,568.65
86,991,181.33
12,512,149.21
(9,000,000.00)
90,739,568.65
0.00 0.00
0.00 0.00
0.00 0.00
0.00 0.00 0.00
CONFIDENTIAL | 7
City of Vallejo Reporting Account | Account #261 | As of March 31, 2024 Execution Time: 04/30/2024 05:21:01 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
APRIL 2024
04/01/2024 Dividend 0.00 236,238.11 236,238.11
April 2024 Total 236,238.11 236,238.11
Grand Total 0.00 236,238.11 236,238.11
CONFIDENTIAL | 8
City of Vallejo Reporting Account | Account #261 | As of March 31, 2024 Execution Time: 04/30/2024 05:21:01 PM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747
IMPORTANT DISCLOSURES
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.
CONSENT CALENDAR 8.D.
DATE: May 14, 2024
TO: Mayor and Members of the City Council
FROM: Melissa Tigbao, P.E., Public Works Director
Oscar Alcantar, Assistant Public Works Director/Maintenance SUBJECT: ADOPT A RESOLUTION APPROVING THE FIRST AMENDMENT TO THE SERVICES AGREEMENT WITH AMERICAN CHILLER SERVICE, INC. FOR HVAC MAINTENANCE
SERVICES AND AUTHORIZING THE CITY MANAGER TO EXECUTE SAME
RECOMMENDATION
Adopt a Resolution approving the First Amendment to the Services Agreement with American Chiller Service, Inc. for HVAC maintenance services and authorizing the City Manager to execute same.
REASONS FOR RECOMMENDATION
Approval of the First Amendment provides continuity for HVAC service, maintenance, and repair services as needed for the City's aging HVAC systems.
BACKGROUND AND DISCUSSION
In October 2022, the Public Works Department executed a Services Agreement with American Chiller Service, Inc. after conducting a request for proposals to provide HVAC maintenance services for City-owned facilities.
Since that time, the Department has expended approximately $86,000 of the $100,000 authorized per the Agreement.
The Public Works Department is requesting an amendment to the Agreement extending the term of the contract by one year, until June 30, 2025, and increasing the contract amount by $100,000 for a total not-to- exceed amount of $200,000.
FISCAL IMPACT
No additional funds are requested for this item. Any costs are borne through already allocated budget line items.
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 approving First Am. to American Chiller Services Agreement_CAO Stamp
2. American Chiller 1st Amendment_CAO Stamp
3. 23-PW054 AMERICAN CHILLER SERVICE INC Service Agreement
CONTACT
Date: May 14, 2024
Subject: ADOPT A RESOLUTION APPROVING THE FIRST AMENDMENT TO THE SERVICES AGREEMENT WITH AMERICAN CHILLER SERVICE, INC. FOR HVAC
MAINTENANCE SERVICES AND AUTHORIZING THE CITY MANAGER TO
EXECUTE SAME
Melissa Tigbao, P.E., Public Works Director (707) 648-4433 [email protected]
RESOLUTION NO. 24-___
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VALLEJO
APPROVING THE FIRST AMENDMENT TO THE SERVICES AGREEMENT WITH AMERICAN CHILLER SERVICE, INC. AND AUTHORIZING THE CITY MANAGER TO
EXECUTE SAME
WHEREAS, American Chiller Service, Inc. is presently under contract to provide HVAC maintenance and repair services to the City of Vallejo; and WHEREAS, the parties desire to extend the term of the contract for an additional year, to expire on June 30, 2025; and
WHEREAS, City staff recommend increasing the total not-to-exceed amount of the contract by one hundred thousand dollars ($100,000) for a total not-to-exceed amount of two hundred thousand dollars ($200,000) to cover the additional year.
NOW, THEREFORE BE IT RESOLVED that the City Council hereby approves the First Amendment to the Services Agreement between the City of Vallejo and American Chiller Service, Inc. extending the term of the Agreement to expire on June 30, 2025, and increasing the total contract amount to Two Hundred Thousand Dollars and Zero Cents ($200,000.00).
BE IT FURTHER RESOLVED that the City Manager is authorized to execute same.
ADOPTED BY THE CITY COUNCIL OF THE CITY OF VALLEJO at a regular meeting held on May 15, 2024, with the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
ATTEST
_____________________________________________
ROBERT H. MCCONNELL, MAYOR
_____________________________________________
DAWN G. ABRAHAMSON, CITY CLERK
First Amendment to Svcs. Agreement Between City of Vallejo and American Chiller Services, Inc. Page 1 of 5
FIRST AMENDMENT TO
SERVICES AGREEMENT BETWEEN
CITY OF VALLEJO
AND
AMERICAN CHILLER SERVICE, INC.
This First Amendment to the Services Agreement by and between the City of Vallejo, a municipal corporation (“City”) and American Chiller Service, Inc., a California corporation (“Service Provider”) is made and entered into this March 14, 2024 WHEREAS, City and Service Provider entered into a Services Agreement on September 22, 2022 (“Agreement”), pursuant to which Service Provider provides HVAC maintenance services to the City; and
WHEREAS, the parties to the Agreement desire to increase the maximum amount of compensation under the Agreement to a maximum amount not to exceed Two Hundred Thousand Dollars and Zero Cents ($200,000) for the duration of the Agreement.
NOW, THEREFORE, THE PARTIES DO AGREE AS FOLLOWS:
1. Replacement of Exhibit B, Payment. Exhibit B to the Agreement is hereby amended and replaced in its entirety with the new Exhibit B attached hereto and incorporated herein by reference.
2. Revised Term of the Agreement. The Agreement term is currently scheduled to expire on June 30, 2024. As of the date of this First Amendment, the term of the Agreement is extended to and shall expire on June 30, 2025.
3. Integration. This First Amendment contains the entire agreement between the parties with respect to its subject matter and supersedes whatever oral or written understanding they may have had prior to the execution of this First Amendment. This First Amendment shall not be amended or modified except by a written agreement executed by each of the parties. Except as specifically revised herein, all terms and conditions of the Agreement shall remain in full force and effect, and Service Provider shall perform all duties, obligations and conditions required under the Agreement.
4. Inconsistencies. In the event of any conflict or inconsistency between the provisions of this First Amendment and the Agreement, the provisions of this First Amendment shall control in all respects.
5. Ambiguities. The parties have each carefully reviewed this First Amendment and have agreed to each term of this First Amendment. No ambiguity shall be presumed to be construed against either party.
6. Counterparts. This First Amendment may be executed by the parties in one or
First Amendment to Svcs. Agreement Between City of Vallejo and American Chiller Services, Inc. Page 2 of 5 more counterparts all of which collectively shall constitute one document and agreement.
7. Facsimile Signatures’ Electronic Signature. This First Amendment shall be binding upon the receipt of facsimile signatures or e-mailed by PDF or otherwise. Any person transmitting his or her signature by facsimile or electronically shall promptly send an original signature to the other party pursuant to the notice provision of this Amendment.
The failure to send an original shall not affect the binding nature of this Amendment.
8. Authority. The person signing this First Amendment for Service Provider hereby represents and warrants that he or she is fully authorized to sign this First Amendment on behalf of Service Provider.
(SIGNATURES ARE ON THE FOLLOWING PAGE)
First Amendment to Svcs. Agreement Between City of Vallejo and American Chiller Services, Inc. Page 3 of 5 IN WITNESS WHEREOF, the parties have entered into this First Amendment on the day and year first hereinabove appearing.
AMERICAN CHILLER SERVICE, INC
a California corporation
BY:
Stanley B. Newton, Jr.
Project Manager
DATE:
(City Seal)
CITY OF VALLEJO,
a municipal corporation
BY:
Michael Malone
City Manager
DATE:
ATTEST:
Dawn Abrahamson
City Clerk
APPROVED AS TO CONTENT:
Melissa Tigbao, P.E.
Public Works Director
APPROVED AS TO FORM:
Veronica A. F. Nebb
City Attorney
APPROVED AS TO INSURANCE:
Armond Sarkis
Risk Manager
First Amendment to Svcs. Agreement Between City of Vallejo and American Chiller Services, Inc. Page 4 of 5
EXHIBIT B
COMPENSATION
1. Service Provider’s Compensation.
A. Services: City agrees to pay Service Provider, at the rate(s) specified below, for those services set forth in Exhibit A of this Agreement and for all authorized reimbursable expenses, for a total not to exceed Two Hundred Thousand Dollars [ $200,000].
Service Provider shall notify City in writing no later than thirty (30) days prior to the estimated date when Service Provider will have billed City the maximum payment amount permitted under this Agreement, and Service Provider 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 Service Provider as set forth in Exhibit A but not anticipated at the time of execution of this Agreement. Additional Services shall be provided 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 Service Providers to perform said Additional Services.
2. Service Provider’s compensation for Additional Services shall be based 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 Agreement between City and Service Provider, compensation to Service Provider shall not exceed the fixed fee amount.
2. Appropriate Billable Hourly Rates for Services and Additional Services.
Service Provider’s billable hourly rates shall be:
$150hr Normal Business Hours (8am-5pm)
$225hr Afterhours/Saturday (5pm-8am)
$300hr Sunday/Holiday
$125 per trip/truck
Service Provider to bill quoted work by amount specified on proposal.
Service Provider to bill service calls by the contract hourly rate specified with trip charge per truck.
Preventative Maintenance will be invoiced per set amount of proposed work. Service calls outside of regular scheduled maintenance to be invoiced time and material at specified contract rates.
3. Service Provider’s Reimbursable Expenses. Reimbursable Expenses shall be limited to actual reasonable expenditures of Service Provider for expenses that are necessary for the proper completion of the Services and shall only be payable if First Amendment to Svcs. Agreement Between City of Vallejo and American Chiller Services, Inc. Page 5 of 5 specifically authorized in advance by City.
4. Payments to Service Provider.
A. Payments to Service Provider shall be made within a reasonable time after receipt of Service Provider’s invoice, said payments to be made in proportion to services performed. Service Provider may request payment on a monthly basis. Service Provider shall be responsible for the cost of supplying all documentation necessary to verify the monthly billings to the satisfaction of City.
B. All invoices submitted by Service Provider shall contain the following information:
1. Description of services billed under the invoice
2. Date of Invoice Issuance
3. Sequential Invoice Number
4. City’s Purchase Order Number (if issued)
6. Amount of the Invoice (Itemize all Reimbursable Expenses”) C. Items shall be separated into Services and Reimbursable Expenses. Billings that do not conform to the format outlined above shall be returned to Service Provider for correction. City shall not be responsible for delays in payment to Service Provider resulting from Service Provider’s failure to comply with the invoice format described above.
D. Invoices, account statements and payment inquiries shall be emailed to:
5. Accounting Records of Service Provider. Service Provider shall maintain for three (3) years after completion of all services hereunder, all records under this Agreement, including, but not limited to, records of Service Provider’s direct salary costs for all Services and Additional Services performed under this Agreement and records of Service Provider’s Reimbursable Expenses, in accordance with generally accepted accounting practices. Service Provider shall keep such records available for audit, inspection and copying by representatives of the City’s Finance Department or other government agencies during regular business hours upon twenty four (24) hours’ notice.
The obligations of Service Provider under this section shall survive this Agreement.
6. Taxes. Service Provider shall pay, when and as due, any and all taxes incurred as a result of Service Provider’s compensation hereunder, including estimated taxes, and shall provide City with proof of such payments upon request.
7. Taxpayer Identification Number. Service Provider shall provide City with Service Provider’s complete Request for Taxpayer Identification Number and Certification, Form W-9, as issued by the Internal Revenue Service, and any other State or local tax identification number requested by City.
Sep 21, 2022 4:29 PM, 1012546762
Contract and Routing Form
Requisition Number: 987930667
Date Originated:
Finance Department ∙ 555 Santa Clara Street ∙ Vallejo ∙ CA ∙ 94590 ∙ 707.648.4592 Department: Public Works Departments, Maintenance
Staff Contact: Nick Causbrook, [email protected] Contract Type: Other: Services Agreement
Vendor: American Chiller Service Inc.
There are changes since the pre-requisition form: Amount 100000.00 Contract Not to Exceed Amount: 100000.00
Contract Start Date: Sep 22, 2022 End Date: Jun 30, 2023 Option to Extend: intervals of one year, shall not extend past June 30, 2025 Authority to Contract: City Manager
Other Comments:
This contract is for as needed repair, emergency maintenance and preventative maintenance of HVAC units.
Attachments are uploaded for review here: https://bit.ly/vContracts Approved Pre-Requisition Form
I have uploaded additional files.No
DocuSign Envelope ID: 1FE2E277-93AE-458C-91E7-1E279A109AB1 23-PW054
Contract and Routing Form
Signature Page
Department Initial Date Comment
Originating Department/Division
Risk Manager
Finance Department
City Attorney
City Manager
City Clerk
Return executed contract to: Nick Causbrook
DocuSign Envelope ID: 1FE2E277-93AE-458C-91E7-1E279A109AB1 9/23/2022
9/27/2022
10/19/2022
10/19/2022
10/25/2022
10/25/2022
Jul 20, 2022 7:37 AM, 987930667
Pre-Requisition Form
Finance Department ∙ 555 Santa Clara Street ∙ Vallejo ∙ CA ∙ 94590 ∙ 707.648.4592 Department: Public Works Departments, Maintenance
Staff Contact: Nick Causbrook, [email protected] Vendor: American Chiller Services
Term: Purchase this FY
Anticipated Purchase Date: Jul 20, 2022
Will an HTE Purchase Order be used as the contract/agreement? Yes Purchasing Authority: Division Manager
Total Projected Expenditure: 50000.00
Multiple Project Numbers? Multiple Account Numbers? Two First Account Number: 001.2602.431.15.03 Second Account Number: 001.2610.431.15.03 Description of Proposed Purchase:
Service and repairs on large tonnage chillers and boilers.
I have reviewed the city-wide contracts, expenditure and encumbrance reports to comply with the VMC.
It is existing vendor but total City-wide expenses are not anticipated to hit the cap of $100,000 in a single FY.
Competitive Process: I have completed an Informal RFP for Services Winning Quote Uploaded: Yes
Explanation for Vendor Selection:
American Chiller services had better pricing for service and repairs. They have also work on COV equipment for 10-15 years.
Uploaded documents available for review https://bit.ly/vPreReqs.
WarrantyNot sure
Winning Bid/Quote/ProposalYes
Other Bid/Quote/ProposalYes
Dept Director
DocuSign Envelope ID: 1FE2E277-93AE-458C-91E7-1E279A109AB1 Pre-Requisition Signature Section
Complete HTE Requisition and Write # here before routing:
Department Comment
Supervisor/Manager: Brisa Long
Title: Admin Analyst ll
E-mail: [email protected]
_
_
Signature Date
Delegated Signee: Melissa Tigbao
Title: Public works Director
E-mail: [email protected]
_
Signature Date
Route Final HTE PO to City Clerk for Contract Log
Brisa Long
Digitally signed by Brisa Long
DN: cn=Brisa Long, o=City of Vallejo, ou=Public
Works, [email protected], c=US
Date: 2022.07.20 08:55:27 -07'00'
Digitally signed by Melissa L. Tigbao
DN: cn=Melissa L. Tigbao, o, ou,
[email protected], c=US
Date: 2022.07.20 10:21:36 -07'00'
DocuSign Envelope ID: 1FE2E277-93AE-458C-91E7-1E279A109AB1
Services Agreement: American Chiller Services, Inc.
SERVICES AGREEMENT
This Services Agreement ("Agreement") is made at Vallejo, California, dated for reference this 22nd day of September, 2022, by and between the City of Vallejo, a municipal corporation ("City"), and American Chiller Service , Inc., a California corporation, hereinafter referred to as “Service Provider”, who agree as follows:
1. Services. Subject to the terms and conditions set forth in this A greement, Service Provider shall provide to the City services as specified in Exhibit A, entitled “Scope of Work.”
2. Payment. City shall pay Service Provider for services rendered pursuant to this A greement 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 Service Provider for services rendered pursuant to this Agreement.
3. Facilities and Equipment. Service Provider shall, at its sole cost and expense, furnish all facilities and equipment which may be required for furnishing services pursuant to this Agreement.
4. Indemnification. Service Provider shall indemnify, hold harmless , and defend City, its officers, officials, directors, employees, agents , volunteers and affiliates and each of them from any and all claims, demands, causes of action, damages, costs, expenses, actual attorney’s fees, Service Provider’s fees, expert fees, losses or liability, in law or in equity, of every kind and nature whatsoever arising out of or in connection with Service Provider ’s operations, or any subcontractor’s operations, to be performed under this agreement for Service Provider’s or subcontractor’s tort negligence including active or passive, or strict negligence, including but not limited to personal injury including, but not limited to bodily injury, emotional injury, sickness or disease, or death to persons and/or damage to property of anyone, including loss of use thereof, caused or alleged to be caused by any act or omission of Service Provider, or any subcontractor, or anyone directly or indirectly employed by any of them or anyone for the full period of time allowed by the law, regardless to any limitation by insurance, with the exception of the sole negligence or willful misconduct of the City.
The provisions of this section shall survive the expiration or termination of this Agreement.
5. Insurance Requirements. Service Provider agrees to comply with all of the Insurance Requirements set forth in Exhibit C, entitled “Insurance Requirements for Service Provider.” Failure to maintain required insurance at all times shall constitute a default and material breach.
DocuSign Envelope ID: 1FE2E277-93AE-458C-91E7-1E279A109AB1
Services Agreement: American Chiller Services, Inc.
6. Accident Reports. Service Provider shall immediately report (as soon as feasible, but not more than 24 hou rs) to the City Risk Manager any accident or other occurrence causing injury to persons or property during the performance of this Agreement. The report shall be made in writing and shall include, at a minimum: (a) the names, addresses, and telephone numb ers of the persons involved, (b) the names, addresses, and telephone numbers of any known witnesses, (c) the date, time, and description of the accident or other occurrence.
7. Independent Contractor. Service Provider is an independent contractor.
Neither Service Provider nor any of Service Provider’s officers, employees, agents, or subcontractors, if any, is an employee of C ity by virtue of this Agreement or performance of any services pursuant to this Agreement. City shall have the right to control Service Provider only insofar as the results of Service Provider’s services rendered pursuant to this A greement; however, C ity shall not have the right to control the means by which Service Provider accomplishes services pursuant to this Agreement.
8. Licenses, Permits, Etc. Service Provider represents and warrants to City that all Service Provider services shall be provided by a person or persons duly licensed by the State of California to provide the type of services to be performed under this Agreement and that Service Provider has all the permits, qualifications and approvals of whatsoever nature which are legally required for Service Provider to practice its profession. Service Provider represents and warrants to City that it shall, at its sole cost and expense, keep in effect at all times during the term of this Agreement any licenses, permits, and approvals which are legally required for Service Provider to practice its profession, such as applicable contractor’s license and current good standing registration with the Department of Industrial Relations.
9. Business License. Service Provider, and its subcontractors, has obtained or agrees to apply prior to performing any services under this Agreement to City’s Finance Department for a business license, pay the applicable business license tax and maintain said business license during the term of this Agreement. The failure to obtain such license shall be a material breach of this Agreement and grounds for termination by City. No payments shall be made to Service Provider until such business license(s) has been obtained.
10. Standard of Performance. Service Provider shall provide products and perform all services required pursuant to this A greement 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 Service Provider’s profession.
DocuSign Envelope ID: 1FE2E277-93AE-458C-91E7-1E279A109AB1
Services Agreement: American Chiller Services, Inc.
Service Provider is responsible for making an independe nt evaluation and judgment of all conditions affecting performance of the work, including without limitation applicable federal, state, and local laws and regulations, and all other contingencies or considerations.
Service Provider ’s responsibilities unde r this section shall not be delegated.
Service Provider shall be responsible to City for acts, errors, or omissions of Service Provider’s subcontractors.
Service Provider is responsible for making an independent evaluation and judgment of all conditions affecting performance of the work and shall prepare 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.
Whenever the scope of work requires or permits review, approval, conditional approval or disapproval by City, it is understood that such review, approval, conditional approval or disapproval is solely for the purposes of administering this Agreement and de termining whether the Service Provider is entitled to payment for such work, and not be construed as a waiver of any breach or acceptance by the City of any responsibility, professional or otherwise, for the work, and shall not relieve the Service Provider of responsibility for complying with the standard of performance or laws, regulations, industry standards, or from liability for damages caused by negligent acts, errors, omissions, noncompliance with industry standards, or the willful misconduct of Service Provider.
11. Force Majeure. Neither party shall be considered in default of this Agreement to the extent performances are prevented or delayed by cause s 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 Service Provider is unable to meet the completion date or schedule of services, Service Provider shall immediately inform th e City Representative of this in writing. If additional time is required to perform the work, the City Representative may adjust the schedule.
12. Time is of the Essence. Time is of the essence in this Agreement. Any reference to days means calendar days, unless otherwise specifically stated.
13. Personnel. Service Provider 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 DocuSign Envelope ID: 1FE2E277-93AE-458C-91E7-1E279A109AB1
Services Agreement: American Chiller Services, Inc.