Agenda packet — Vallejo City Council, September 10, 2024 (part 1 of 6)

Any supplemental writing related to an agenda item for an open session of a regular meeting that is distributed to all or a majority of all members of the City Council less than 72 hours before the meeting will be posted concurrently on the City’s website at www.cityofvallejo.net/agendas Written material distributed during the meeting, will be available at the meeting if prepared by the City or after the meeting if prepared by someone else. Such materials may be obtained from the City Clerk

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
SEPTEMBER 10, 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:

There are four different ways you can view this public meeting:
• In Person
• Watch Vallejo local channel 28
• Stream from the City website: www.cityofvallejo.net/Streaming • Join the Zoom webinar:https://ZoomRegular.Cityofvallejo.net

Vallejo City Council Chambers ADA compliant. Devices for the hearing impaired are available from the City Clerk. Requests for disability related modifications or accommodations, aids or services may be made by a person with a disability to the City Clerk's office no less than 72 hours prior to the meeting as required by Section 202 of the Americans with Disabilities Act of 1990 and the federal rules and regulations adopted in implementation thereof.

1. CALL TO ORDER

2. ROLL CALL

3. PLEDGE OF ALLEGIANCE

4. REPORT OUT OF CLOSED SESSION

5. PRESENTATIONS AND COMMENDATIONS
A. PRESENTATION OF A PROCLAMATION RECOGNIZING PUBLIC SCHOOLS MONTH - SEPTEMBER 2024
B. PRESENTATION OF A PROCLAMATION RECOGNIZING CONSTITUTION WEEK - SEPTEMBER 17-23, 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 August 5, 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 TITLE ONLY
Recommendation: Waive reading and authorize introductions and/or adoption of any and all ordinances on this agenda, if any, by title only. This is a standard procedural action so the City Council does not have to read an ordinance in its entirety.

Contact: Dawn G. Abrahamson, MMC, City Clerk (707) 648-4527 [email protected]
C. CITY TREASURER’S INVESTMENT REPORT
Recommendation:

Accept the City Treasurer’s Investment Report for the quarter ended June 30, 2024.

Contact: Rekha Nayar, Finance Director, (707) 648-4592
[email protected]
D. ADOPT A RESOLUTION APPROVING THE CITY'S RESPONSE TO THE 2023-2024 GRAND JURY REPORT ENTITLED "SOLANO COUNTY CANINE OFFICER TRAINING, HANDLING & END OF CAREER POLICIES",

AUTHORIZING THE CITY MANAGER TO EXECUTE THE SAME AND

AUTHORIZING THE CITY CLERK TO FORWARD THE RESPONSE TO THE

PRESIDING JUDGE OF THE SOLANO COUNTY SUPERIOR COURT AND

THE FOREPERSON OF THE SOLANO COUNTY GRAND JURY
Recommendation: Adopt a resolution approving the Vallejo Police Department's response to the 2023-2024 Solano County Grand Jury Report entitled "Solano County Canine Officer Training, Handling & End of Career Policies" and authorize the City Clerk to forward said response to the Presiding Judge of the Solano County Superior Court and Foreperson of the Solano County Grand Jury.

Contact: Jason Ta, Interim Police Chief
(707) 648-4540, [email protected]
E. ADOPT A RESOLUTION APPROVING AND AUTHORIZING THE CITY'S RESPONSE TO THE 2023-24 GRAND JURY REPORT ENTITLED:
"HAZARDOUS WORK ENVIRONMENT FOR VALLEJO'S 911 OPERATORS"

AND AUTHORIZING THE CITY CLERK TO FORWARD THE RESPONSE TO

THE PRESIDING JUDGE OF THE SOLANO COUNTY SUPERIOR COURT

AND THE FOREPERSON OF THE SOLANO COUNTY CIVIL GRAND JURY Recommendation: Adopt a Resolution approving and authorizing the City's Response to the 2023-2024 Grand Jury Report entitled "Hazardous Work Environment for Vallejo’s 911 Operators” and authorizing the City Clerk to forward the Response to the Presiding Judge of the Solano County Superior Court and Foreperson of the Solano County Civil Grand Jury.

Contact: Melissa Tigbao, P.E., Public Works Director (707) 648-4433 [email protected]
F. ADOPT A RESOLUTION APPROVING A SERVICE AGREEMENT WITH JON K. TAKATA CORPORATION DBA RESTORATION MANAGEMENT
COMPANY IN THE AMOUNT OF $191,424.05 FOR WORK TO REMEDIATE

THE FIRE DAMAGE TO CITY HALL AND AUTHORIZING THE CITY

MANAGER TO EXECUTE SAME
Recommendation: Adopt a Resolution approving a service agreement with Jon K. Takata Corporation dba Restoration Management Company in the amount of $191,424.05 for work to remediate the fire damage at City Hall and authorizing the City Manager to execute same.

Contact: Melissa Tigbao, P.E., Public Works Director (707) 648-4433 [email protected]
G. ADOPT A RESOLUTION APPROVING A FIRST AMENDMENT TO THE SERVICE AGREEMENT WITH CALIFORNIA MARINE DIESEL, INC. FOR

INSPECTION AND REPAIR WORK OF THE MARE ISLAND CAUSEWAY
BRIDGE IN AN AMOUNT NOT TO EXCEED $250,000 AND AUTHORIZING

THE CITY MANAGER TO EXECUTE SAME
Recommendation: Adopt a Resolution approving a First Amendment to the Service Agreement with California Marine Diesel, Inc. in an amount not to exceed $250,000 for inspection and repair work of the Mare Island Causeway Bridge in an amount not to exceed $250,000 and authorizing the City Manager to execute same.

Contact: Melissa Tigbao, P.E., Public Works Director (707) 648-4433 [email protected]
H. ADOPT A RESOLUTION APPROVING A SECOND AMENDMENT TO THE

CONSULTANT AND PROFESSIONAL SERVICES AGREEMENT WITH

MUNICIPAL RESOURCE GROUP LLC TO INCREASE COMPENSATION TO A NEW NOT TO EXCEED OF $260,000 AND AUTHORIZING THE CITY

MANAGER TO EXECUTE SAME
Recommendation: Adopt the resolution approving a Second Amendment to the Consultant and Professional Services Agreement with Municipal Resources Group, LLC., to add an additional $100,000 to the Agreement, for a new not-to- exceed total of $260,000 and authorize the City Manager to execute same.

Contact: Andrew Murray, City Manager (707) 648-4576
[email protected]
I. ADOPT A RESOLUTION APPROVING A GRANT AGREEMENT BETWEEN THE CITY OF VALLEJO AND FIRST 5 SOLANO (COUNTY OF SOLANO) TO PROVIDE $610,000 IN FUNDING FOR THE FIRST 5 SOLANO CENTER IN

VALLEJO AND AUTHORIZING THE CITY MANAGER TO EXECUTE SAME Recommendation: Adopt a resolution approving a Grant Agreement between the City and First 5 Solano (Solano County) to provide $610,000 in funding for the First 5 Solano Center in Vallejo, and authorizing the City Manager to execute same.

Contact: Andrew Murray, City Manager (707) 648-4576
[email protected]
J. ADOPT A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF

VALLEJO APPROVING EIGHT PURCHASE AGREEMENTS FOR WATER

TREATMENT CHEMICAL SUPPLIES FOR A COMBINED TOTAL NOT TO EXCEED OF $1,726,518.36 AND AUTHORIZING THE CITY MANAGER TO

EXECUTE THE SAME
Recommendation: Adopt a resolution of the City Council of the City of Vallejo approving eight purchase agreements for water treatment chemical supplies for a combined total not to exceed of $1,726,518.36 and authorizing the City Manager to execute the same.

Contact: Beth Schoenberger, Water Director
[email protected]
K. ADOPT A RESOLUTION APPROVING THE 2024 STATE WATER PROJECT

WATER TRANSFER LETTER OF UNDERSTANDING FOR THE SALE OF

EXCESS UNTREATED WATER SUPPLY AND AUTHORIZING THE CITY

MANAGER TO SIGN A LETTER OF UNDERSTANDING ON BEHALF OF

THE CITY AND PROVIDE NOTICE OF INTENT TO AMEND THE WATER ENTERPRISE FUND BUDGET ACCORDINGLY.

Recommendation: Adopt a Resolution approving the 2024 State Water Project Water Transfer Letter of Understanding for the sale of excess untreated water supply and authorizing the City Manager to sign a letter of understanding on behalf of the City and provide notice of intent to amend the water enterprise fund budget accordingly.

Contact: Beth Schoenberger, Water Director (707) 648-5439 [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. DISCUSSION AND DIRECTION ON COUNCIL REFERRALS
Recommendation: Discuss the current list of City Council referrals and provide direction to staff on next steps. There are four referrals for which staff owes the City Council scopes. Staff recommends that staff present scopes for these at a Council meeting in October. There are eighteen referrals that City Council has not yet provided any direction on. Staff recommends that the City Council review these referrals, decide which to have staff create scopes for, and have staff present those scopes at a City Council meeting in November.

Contact: Andrew Murray, City Manager (707) 648-4576
Andrew/[email protected]
B. CONSIDERATION OF AND FINDING TO CONTINUE THE STATE OF

LOCAL EMERGENCY RELATING TO PUBLIC SAFETY STAFFING AND

UPDATE ON ACTIONS TAKEN TO DATE
Recommendation: Receive the update and confirm the continued existance of the conditions leading to the declaration of a state of local emergency.

Contact: Jason Ta, Interim Chief of Police (707) 648-4540 [email protected]
C. ADOPT RESOLUTIONS: (1) APPROVING A SUCCESSOR MEMORANDUM

OF UNDERSTANDING BETWEEN THE CITY OF VALLEJO AND THE

CONFIDENTIAL, ADMINISTRATIVE, MANAGERIAL, AND PROFESSIONAL ASSOCIATION OF VALLEJO (CAMP); AND (2) PROVIDING NOTICE OF INTENT TO AMEND THE FY 2024-2025 BUDGET AND APPROVE A
SALARY PLAN AMENDMENT (STEP 1)
Recommendation: Adopt resolutions: 1) Approving a Successor Memorandum of Understanding between the City of Vallejo and the Confidential, Administrative, Managerial, and Professional Association of Vallejo (CAMP), and (2) providing notice of intent to amend the City's Fiscal Year 2024-2025 Adopted Budget and amend the Salary Plan.

Contact: Stephanie Sifuentes, Human Resources Director (707) 649-4852 [email protected]
D. ADOPT RESOLUTIONS: (1) REVISING THE UNREPRESENTED

EXECUTIVE MANAGEMENT EMPLOYEE COMPENSATION, LEAVE, AND
BENEFITS; AND (2) PROVIDING NOTICE OF INTENT TO AMEND THE FY 2024-2025 BUDGET AND APPROVE A SALARY PLAN AMENDMENT
(STEP 1)
Recommendation: Adopt resolutions: 1) Revising the Unrepresented Executive Management Employee Compensation, Leave, and Benefits, and (2) providing notice of intent to amend the City's Fiscal Year 2024-2025 Adopted Budget and amend the Salary Plan.

Contact: Stephanie Sifuentes, Human Resources Director (707) 649-4852 [email protected]

10. INFORMATION CALENDAR

11. CITY MANAGER’S REPORT

12. CITY ATTORNEY’S REPORT

13. COMMUNITY FORUM
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.

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, September 4, 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, September 4, 2024.

Dated: Wednesday, September 4, 2024

Dawn G. Abrahamson, City Clerk

Special City Council Meetings Minutes
August 5, 2024
Page | 1

VALLEJO CITY COUNCIL

SPECIAL MEETING MINUTES
AUGUST 5, 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 (arrived at 4:31 p.m.), Councilmembers Arriola, Bregenzer, Matulac, and Palmares

Absent: Councilmember Verder-Aliga
Staff present: City Manager Murray, Assistant City Manager Haen, Chief Assistant City Attorney Risner, Assistant City Attorneys Knight and Jacob, Human Resources Director Sifuentes, and Finance Director Nayar.

The City Council convened into Closed Session in the Council Conference Room at 4:33 p.m.

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 Unrepresented Employees
B. Conference with Legal Counsel - Existing Litigation Pursuant to California Government Code Section 54956.9(d)(1): Lefevre v. City of Vallejo, et al., Solano County Superior Court, Case No. CU24-04117
C. Conference with Legal Counsel - Existing Litigation Pursuant to California Government Code section 54956.9(d)(1); City of Vallejo v. City of American Canyon; Sacramento County Superior Court; Case No. 23CV000517 D. Conference with Legal Counsel - Existing Litigation Pursuant to California Government Code section 54956.9(d)(1): City of Vallejo v. Parijat Investments LLC, et al., Solano County Superior Court, Case No. CU23-01520 E. Conference with Legal Counsel - Existing Litigation Pursuant to California Government Code section 54956.9(d)(1):City of Vallejo v. Vallejo Hospitality LLC, et al., Solano County Superior Court, Case No. CU23-04102

4. ADJOURNMENT
The meeting adjourned at 5:40 p.m.

Special City Council Meetings Minutes
August 5, 2024
Page | 2
________________________________
ROBERT H. MCCONNELL, MAYOR
ATTEST:
_________________________________
DAWN G. ABRAHAMSON, CITY CLERK

Special City Council Meetings
August 5, 2024
Page | 1

VALLEJO CITY COUNCIL

SPECIAL MEETING MINUTES
AUGUST 5, 2024

COUNCIL CHAMBERS
555 Santa Clara Street, Vallejo, California

1. CALL TO ORDER
The meeting was called to order at 7:12 p.m.

2. ROLL CALL

Present: Mayor McConnell, Vice Mayor Loera-Diaz, Councilmembers Arriola, Bregenzer, Matulac, and Palmares

Absent: Councilmember Verder-Aliga
Staff present: City Manager Murray, Chief Assistant City Attorney Risner and City Clerk Abrahamson

3. PLEDGE OF ALLEGIANCE

4. REPORT OUT OF CLOSED SESSION
Chief Assistant City Attorney Risner reported the following:
•Council provided direction to its labor negotiators regarding Closed Session Item 3A
•Council heard a report and provided direction to its legal counsel regarding Closed Session Items 3B, 3C, and 3E.
•Council provided direction to its legal counsel regarding Closed Session Item 3D.

5. PRESENTATIONS AND COMMENDATIONS – None.

6. PUBLIC COMMENT REGARDING CONSENT CALENDAR ITEMS
Speakers: Anne Carr (Items 7C and 7G). Staff responded to questions from the speaker.

7. CONSENT CALENDAR AND APPROVAL OF AGENDA
Action: moved by Vice Mayor Loera-Diaz and carried unanimously by members present to approve the agenda and adopted the Consent Calendar with the removal of Item 7F making it Item 7.1.(Absent: Verder-Aliga)
A. APPROVAL OF MINUTES
Recommendation: Approve minutes for the special meeting of April 5 and the special and regular meetings of July 23, 2024
Contact: Dawn G. Abrahamson, MMC, City Clerk (707) 648-4527 [email protected]
Action: approved minutes
B. ADOPT A RESOLUTION APPROVING PLANS AND SPECIFICATIONS FOR THE 50 SOLANO AVE./HUMANE SOCIETY OF THE NORTH BAY PAVING Special City Council Meetings
August 5, 2024
Page | 2

PROJECT, AWARDING A CONSTRUCTION CONTRACT FOR THE
PROJECT TO CONSOLIDATED ENGINEERING, INC. IN THE AMOUNT OF $110,822, AND AUTHORIZING THE CITY MANAGER TO EXECUTE SAME Recommendation: Adopt a resolution approving plans and specifications for the 50 Solano Ave/Humane Society of the North Bay Paving Project, awarding a construction contract for the Project to Consolidated Engineering, Inc.in the amount of $110,822, and authorizing the City Manager to execute same.

Contact: Melissa Tigbao, P.E., Public Works Director (707) 648-4433 [email protected]
Action: adopted Resolution No. 24-127 N.C.

C. ADOPT A RESOLUTION AMENDING THE FISCAL YEAR 2024-25 BUDGET TO APPROPRIATE $2,155,287, IN PERMANENT LOCAL HOUSING

ALLOCATION GRANT FUNDS FOR HOMELESS NAVIGATION CENTER

EXPENDITURES AND AUTHORIZING THE CITY MANAGER TO EXPEND SAID FUNDS (STEP 2 of 2 STEPS)
Recommendation: Adopt a resolution to amend the City's Fiscal Year (FY) 2024-25 Capital Grants and Contribution Fund #221 Budget to appropriate $2,155,287 of Permanent Local Housing Allocation (PLHA) grant funds for construction of the Homeless Navigation Center.

Contact: Alicia M. Jones, Housing Director (707) 648-4408 [email protected]
Action: adopted Resolution No. 24-128 N.C.

D. ADOPT A RESOLUTION APPROVING A FIRST AMENDMENT TO THE

EXISTING CONSULTANT AND PROFESSIONAL SERVICES AGREEMENT WITH GHIRARDELLI ASSOCIATES, INC. TO INCREASE THE NOT-TO- EXCEED AMOUNT OF THE CONTRACT TO $1,300,000 AND AUTHORIZING

THE CITY MANAGER TO EXECUTE SAME
Recommendation: Adopt a resolution approving a First Amendment to the Consultant and Professional Services Agreement with Ghirardelli Associates, Inc. to increase the not-to-exceed contract amount to $1,300,000, and authorizing the City Manager to execute same.

Contact: Melissa Tigbao, P.E. Public Works Director, (707) 648-4433 [email protected]
Action: adopted Resolution No. 24-129 N.C.

E. ADOPT A RESOLUTION APPROVING A LEASE AGREEMENT WITH PNC BANK, N.A. IN THE AMOUNT OF $964,847 OVER A FIVE-YEAR TERM TO PROCURE 130 NEW GOLF CARTS FOR THE BLUE ROCK SPRINGS GOLF

COURSE AND A SECOND AMENDMENT TO THE GOLF COURSE

MANAGEMENT AGREEMENT WITH TOUCHSTONE GOLF, LLC RELATED

TO SAME, AND AUTHORIZING THE CITY MANAGER TO EXECUTE THE

AGREEMENTS
Recommendation: Adopt a resolution authorizing the City Manager to execute a Lease Agreement with PNC Bank, National Association, for golf and utility carts at Blue Rock Springs Golf Course for a five-year term in an amount not to exceed $964,847 and amend the golf course management agreement with Touchstone Golf LLC.

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August 5, 2024
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Contact: Michael Nimon, Economic Development Director (707) 648-4109 [email protected]
Action: adopted Resolution No. 24-130 N.C.

F. ADOPT A RESOLUTION APPROVING AN AMERICAN RESCUE PLAN ACT (ARPA) GRANT AGREEMENT WITH VALLEJO COMMUNITY ACCESS
TELEVISION INC. IN THE AMOUNT OF $92,500 AND AUTHORIZING THE

CITY MANAGER TO EXECUTE SAME
Recommendation: Adopt a Resolution approving an American Rescue Plan Act ("ARPA") Grant Agreement with Vallejo Community Access Television Inc. in the amount of $92,500 and authorizing the City Manager to execute same.

Contact: Naveed Ashraf, Chief Innovation Officer & IT Director (707) 648-5200 [email protected]
Action: item was removed from the Consent Calendar.

Speakers: Askari Sowonde, Sherry Pruit (VCAT Executive Director) and David McAdams.

Staff responded to questions from Councilmembers. Councilmembers provided comment.

Action: moved by Vice Mayor Loera-Diaz and carried unanimously by members present to adopt Resolution No. 24-131 N.C.(Absent: Verder-Aliga).

G. ADOPT A RESOLUTION APPROVING EQUIPMENT PURCHASE

AGREEMENT WITH LINKED EQUIPMENT, LLC IN THE AMOUNT OF
$255,000 FOR TWO PREFABRICATED RESTROOM AND SHOWER

FACILITY UNITS FOR THE HOMELESS NAVIGATION CENTER LOCATED AT 1937 BROADWAY STREET
Recommendation: Adopt a Resolution approving an equipment purchase agreement with Linked Equipment LLC in the amount of $255,000.00 for two prefabricated restroom and shower facility units for the Homeless Navigation Center located at 1937 Broadway.

Contact: Melissa Tigbao, P.E., Public Works Director (707) 648-4433 [email protected]
Action: adopted Resolution No. 24-132 N.C.

8. ACTION CALENDAR
A. DESIGNATE A VOTING DELEGATE AND ALTERNATE FOR THE BUSINESS

PORTION OF THE ANNUAL LEAGUE OF CALIFORNIA CITIES

CONFERENCE
Recommendation: By motion, designate a City of Vallejo voting delegate and voting alternate for the business portion of the Annual League of California Cities Conference.

Contact: Dawn G. Abrahamson, City Clerk (707) 648-4527
[email protected]
Action: moved by Vice Mayor Loera-Diaz and carried unanimously by members Special City Council Meetings
August 5, 2024
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present to designate Mayor McConnell as the voting delegate and Councilmember Palmares as the 1st voting alternate and Councilmember Matulac as the 2nd voting alternate for the business portion of the Annual League of California Cities Conference (Absent: Verder-Aliga).

B. ADOPT A RESOLUTION APPROVING PROJECT PLANS AND

SPECIFICATIONS FOR THE CITYWIDE SLURRY SEAL PROJECT
(PROJECT NO. PW9745) AFTER FINDING THE PROJECT STATUTORILY

EXEMPT FROM ENVIRONMENTAL REVIEW PURSUANT TO CALIFORNIA ENVIRONMENTAL QUALITY ACT (CEQA) GUIDELINES SECTION 15301(c) - EXISTING FACILITIES, AWARDING A CONSTRUCTION CONTRACT TO PAVEMENT COATINGS CO. IN THE AMOUNT OF $1,814,834.25, AND

AUTHORIZING THE CITY MANAGER TO EXECUTE SAME
Recommendation: Adopt a resolution approving project plans and specifications for the Citywide Slurry Seal Project (Project No. PW9745) after finding the project exempt from environmental review pursuant to California Environmental Quality Act (CEQA) Guidelines Section 15301(c) - Existing Facilities, awarding a construction contract to Pavement Coatings Co. in the amount of $1,814,834.25, and authorizing the City Manager to execute same.

Contact: Melissa Tigbao, P.E., Public Works Director (707) 648-4433 [email protected]
Assistant Public Works Director/City Engineer Sequeira provided background information and details of the project, shared a map of streets to be slurry sealed and list of streets for all 6 Council districts, discussed the project advertisement and bids process, and summarized the budget and expenditures for the project. Transportation Manager Helmbrecht concluded the presentation by outlining next steps, including deliverable additional program components.

Staff responded to questions from Councilmembers. Councilmembers provided comment.

Speaker: Lambert Chambers-Hernandez.

Another question and answer period followed. Councilmembers provided comment.

Action: moved by Vice Mayor Loera-Diaz and carried unanimously by members present to adopt Resolution No. 24-133 N.C. (Absent: Verder-Aliga; Abstain:

Arriola – abstention was cast as an aye vote pursuant to VMC Section

2.02.680(c)).

9. INFORMATION CALENDAR – None.

10. CITY MANAGER’S REPORT
City Manager Murray reminded the Council and community about National Night Out events occurring on August 6 and reported that staff will provide Council with updates on inquiries made about pop up vendors and homelessness and strategy with the recent Supreme Court ruling.

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11. CITY ATTORNEY’S REPORT – None.

12. REPORT OF THE PRESIDING OFFICER AND MEMBERS OF THE CITY COUNCIL Councilmembers reported on various community events and meetings attended.

13. ADJOURNMENT
The meeting adjourned at 8:18 p.m.
________________________________
ROBERT H. MCCONNELL, MAYOR
ATTEST:
_________________________________
DAWN G. ABRAHAMSON, CITY CLERK
CONSENT CALENDAR 8.C.

DATE: September 10, 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 June 30, 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 June 30, 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 developing and implementing 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.

Condensed investment information as of June 30, 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 $123,180,000.00 $120,793,152.16 $121,407,888.45 41.50% Local Agency Investment
Fund
$63,207,879.33 $63,207,879.33 $63,207,879.33 21.71%
Corporate Medium-Term
Notes
$26,350,000.00 $25,542,698.34 $26,089,732.15 8.77%

Date: September 10, 2024
Subject: CITY TREASURER’S INVESTMENT REPORT

Page 2 ends

U.S. Federal Agency Bonds $18,290,000.00 $17,727,764.34 $18,371,921.30 6.09% Money Market Mutual Funds $52,234,087.80 $52,234,087.80 $52,234,087.80 17.94% Asset Backed Securities $5,527,221.56 $5,475,414.91 $5,526,224.55 1.88% Collateralized Mortgage
Obligations
$2,592,341.55 $2,520,982.56 $2,615,985.22 0.87%
Supranational Obligations $1,770,000.00 $1,752,667.86 $1,759,147.80 0.60% Cash $1,838,120.73 $1,838,120.73 $1,838,120.73 0.64%
Total Investments: $294,989,650.97

$291,092,768.03

$293,050,987.33

100%

Condensed earnings and return information as of June 30, 2024, is as follows:

Current Quarter Fiscal Year-to-Date
Portfolio Investment Earnings:

City of Vallejo2 $ 2,355,754 $ 7,978,406

Net Change in Portfolio Fair Value Balance3:

City of Vallejo $ 27,403,828 $ 36,813,301

Approximate Portfolio Rate-of-Return:

City of Vallejo - Yield to Maturity4 3.50%

BENCHMARK COMPARISON RATE-OF-RETURN5:

Local Agency Investment Fund 4.55% 2-Year U.S. Treasury Note Yield 4.76% 1 In accordance with Government Code Section 53646, the Fair Value of the Local Agency Investment Fund (LAIF) represents the value from the June 30, 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 June 30, 2024.

Date: September 10, 2024
Subject: CITY TREASURER’S INVESTMENT REPORT

Page 3 ends

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 $2,355,754 during the three-month period ending June 30, 2024. In addition, the portfolio also had a cumulative fair value versus cost value unrealized, non-cash gain of approximately $295,309 as of June 30, 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. Chandler Monthly Statement - Account 262 - 06-30-24

2. City of Vallejo Economic and Account Analysis 06-30-2024

CONTACT
Rekha Nayar, Finance Director, (707) 648-4592
[email protected]

MONTHLY ACCOUNT STATEMENT
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 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:

PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Account Summary
Maturity Distribution
Top Issuers
Credit Quality
Average Modified Duration 0.88
Average Coupon 1.98%
Average Purchase YTM 3.50%
Average Market YTM 4.03%
Average Quality AA+
Average Final Maturity 1.01
Average Life 0.98
Beg. Values as of
06/01/2024
End Values as of
06/30/2024
Market Value 287,571,434.87 291,092,768.04
Accrued Interest 628,326.29 643,592.82
Total Market Value 288,199,761.16 291,736,360.85
Income Earned 573,217.31 574,209.45
Cont/WD 24,499,734.29 2,368,429.04
Par 292,053,765.68 294,989,650.97
Book Value 290,462,810.62 293,589,710.34
Cost Value 289,928,021.61 293,050,987.33
United States 41.50%
LAIF 21.71%
Wells Fargo & Company 17.65%
Federal Home Loan Banks 2.86%
FNMA 2.03%
FHLMC 1.72%
Bank of America Corporation 0.50%
Royal Bank of Canada 0.48%
*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 Cons Portfolio | Account #262 | As of June 30, 2024 Execution Time: 07/10/2024 12:42:39 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 0.9 Compliant
Max % Issuer (MV) 30.0 0.9 Compliant
Max Maturity (Years) 5.0 3.9 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV) 20.0 1.9 Compliant
Max % Issuer (MV) 5.0 0.3 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 8.9 Compliant
Max % Issuer (MV) 5.0 0.5 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

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Max % (MV) 50.0 6.1 Compliant
Max % Issuer (MV) 30.0 2.9 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 63.2 Compliant

LOCAL GOVERNMENT INVESTMENT POOL (LGIP)
Max % (MV) 100.0 0.0 Compliant

MONEY MARKET MUTUAL FUNDS
Max % (MV) 10.0 17.9 Not
Compliant
Max % Issuer (MV) 5.0 17.6 Not
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

STATEMENT OF COMPLIANCE
Rules Name Limit Actual Compliance
Status Notes
Max % (MV) 30.0 0.0 Compliant
Max % Issuer (MV) 5.0 0.0 Compliant
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 0.6 Compliant
Max % Issuer (MV) 10.0 0.4 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (AA- by 1) 0.0 0.0 Compliant
U.S. TREASURIES
Max % (MV) 100.0 41.5 Compliant
Max Maturity (Years) 5 4 Compliant
CONFIDENTIAL | 6
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 Execution Time: 07/10/2024 12:42:39 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
(01/01/2024)
Beginning Book Value 290,462,810.62 234,733,843.94
Maturities/Calls (20,000,000.00) (116,490,000.00)
Principal Paydowns (309,557.55) (2,659,553.46)
Purchases 87,972,638.64 420,052,385.38
Sales (65,099,464.90) (243,694,252.51)
Change in Cash, Payables, Receivables 250,047.54 79,721.02 Amortization/Accretion 355,245.75 1,662,681.33
Realized Gain (Loss) (42,009.76) (95,115.36)
Ending Book Value 293,589,710.34 293,589,710.34
Month to Date Fiscal Year to Date
(01/01/2024)
Beginning Market Value 287,571,434.87 232,264,699.68
Maturities/Calls (20,000,000.00) (116,490,000.00)
Principal Paydowns (309,557.55) (2,659,553.46)
Purchases 87,972,638.64 420,052,385.38
Sales (65,099,464.90) (243,694,252.51)
Change in Cash, Payables, Receivables 250,047.54 79,721.02 Amortization/Accretion 355,245.75 1,662,681.33
Change in Net Unrealized Gain (Loss) 394,433.44 (27,798.04) Realized Gain (Loss) (42,009.76) (95,115.36)
Ending Market Value 291,092,768.04 291,092,768.04
Maturities / Calls
Month to Date (20,000,000.00)
Fiscal Year to Date (116,490,000.00)
Principal Paydowns
Month to Date (309,557.55)
Fiscal Year to Date (2,659,553.46)
Purchases
Month to Date 87,972,638.64
Fiscal Year to Date 420,052,385.38
Sales
Month to Date (65,099,464.90)
Fiscal Year to Date (243,694,252.51)
Interest Received
Month to Date 198,733.62
Fiscal Year to Date 3,023,103.81
Purchased / Sold Interest
Month to Date 4,963.56
Fiscal Year to Date (6,930.07)
CONFIDENTIAL | 7
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 Execution Time: 07/10/2024 12:42:39 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
44933LAC7 HART 2021-A A3 0.38
09/15/2025 13,029.57 04/20/2021

0.39%
13,028.20
13,029.29

99.76 4.84%
12,998.40

2.20 0.00%
(30.89)
NA/AAA
AAA

1.21 0.06
47788UAC6 JDOT 2021 A3 0.36 09/15/2025 22,412.35 03/02/2021

0.37%
22,408.04
22,411.39

99.37 4.93%
22,271.36

3.59 0.01%
(140.03)
Aaa/NA
AAA

1.21 0.14
44934KAC8 HART 2021-B A3 0.38
01/15/2026 150,544.62 07/20/2021

0.60%
150,511.40
150,535.45

99.09 3.83%
149,173.10

25.43 0.05%
(1,362.35)
NA/AAA
AAA

1.54 0.27
43815GAC3 HAROT 2021-4 A3 0.88
01/21/2026 123,868.37 11/16/2021

0.89%
123,842.25
123,859.58

97.97 4.64%
121,348.03

30.28 0.04%
(2,511.55)
Aaa/NA
AAA

1.56 0.55
47789QAC4 JDOT 2021-B A3 0.52
03/16/2026 114,681.37 07/13/2021

0.52%
114,671.14
114,678.09

98.07 4.81%
112,472.92

26.50 0.04%
(2,205.17)
Aaa/NA
AAA

1.71 0.45
44935FAD6 HART 2021-C A3 0.74
05/15/2026 83,162.27 11/09/2021

0.75%
83,143.71
83,155.62

98.36 4.11%
81,798.52

27.35 0.03%
(1,357.11)
NA/AAA
AAA

1.87 0.49
43815BAC4 HAROT 2022-1 A3 1.88
05/15/2026 309,596.47 02/15/2022

1.89%
309,549.91
309,577.47

98.11 4.63%
303,736.24
258.69

0.10%
(5,841.22)
Aaa/AAA
NA

1.87 0.70
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026 202,220.66 05/10/2022

3.23%
202,210.15
202,215.71

98.66 4.97%
199,516.77
108.19

0.07%
(2,698.94)
Aaa/AAA
NA

2.15 0.78
47787JAC2 JDOT 2022 A3 0.36 09/15/2026 169,357.55 03/10/2022

2.34%
169,320.09
169,340.31

98.03 5.46%
166,026.07
174.63

0.06%
(3,314.24)
Aaa/NA
AAA

2.21 0.64
89238FAD5 TAOT 2022-B A3 2.93
09/15/2026 234,053.68 04/07/2022

3.09%
234,048.21
234,051.55

98.46 4.91%
230,450.24
304.79

0.08%
(3,601.31)
Aaa/AAA
NA

2.21 0.82
362554AC1 GMCAR 2021-4 A3 0.68
09/16/2026 105,107.76 10/13/2021

0.68%
105,105.08
105,106.72

97.67 4.17%
102,661.33

29.78 0.04%
(2,445.39)
Aaa/AAA
NA

2.21 0.69
380146AC4 GMCAR 2022-1 A3 1.26
11/16/2026 107,163.02 01/11/2022

1.27%
107,153.71
107,158.94

97.78 4.27%
104,789.02

56.26 0.04%
(2,369.92)
NA/AAA
AAA

2.38 0.76
362585AC5 GMCAR 2022-2 A3 3.1
02/16/2027 224,961.25 04/05/2022

3.13%
224,914.24
224,937.59

98.42 4.81%
221,407.09
290.58

0.08%
(3,530.50)
Aaa/AAA
NA

2.63 0.97
47800AAC4 JDOT 2022-B A3 3.74
02/16/2027 352,062.62 07/12/2022

3.77%
352,029.00
352,043.91

98.59 5.33%
347,098.54
585.21

0.12%
(4,945.37)
Aaa/NA
AAA

2.63 0.88
02582JJT8 AMXCA 2022-2 A 05/17/2027 840,000.00 05/17/2022

3.42%
839,814.19
839,921.58

98.21 5.54%
824,964.00
1,265.60

0.28%
(14,957.58)
NA/AAA
AAA

0.87 0.92
58768PAC8 MBART 2022-1 A3 5.21
08/16/2027 915,000.00 11/15/2022

5.27%
914,819.01
914,881.51

99.81 5.43%
913,241.00
2,118.73

0.31%
(1,640.51)
Aaa/AAA
NA

3.13 1.28
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 180,000.00 07/11/2023

5.47%
179,968.10
179,974.71
100.31

5.39%
180,564.01
164.10

0.06%
589.30
NA/AAA
AAA

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
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2028 375,000.00 06/07/2023

4.87%
374,966.74
374,973.83

99.56 5.20%
373,332.71
811.67

0.13%
(1,641.12)
NA/AAA
AAA

3.88 1.74
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,005,000.00 09/07/2023

5.17%
1,004,721.41
1,004,765.63
100.26

5.11%
1,007,565.56
2,304.80

0.35%
2,799.93
NR/AAA
AAA

4.21 2.03
Total ABS 5,527,221.56 3.75%
5,526,224.55
5,526,618.90

99.07 5.11%
5,475,414.91
8,588.36

1.88%
(51,203.98)
Aaa/AAA
AAA

2.66 1.19
AGENCY
3130A4CH3 FEDERAL HOME LOAN BANKS

2.375 03/14/2025 1,750,000.00 03/19/2020

1.20%
1,851,097.50
1,764,220.31

98.00 5.29%
1,715,026.90
12,353.30

0.59%
(49,193.41)
Aaa/AA+
AA+

0.70 0.68
3130AJHU6 FEDERAL HOME LOAN BANKS 0.5
04/14/2025 1,900,000.00 05/28/2020

0.50%
1,899,601.00
1,899,935.70

96.40 5.22%
1,831,517.16
2,031.94

0.63%
(68,418.54)
Aaa/AA+
AA+

0.79 0.77
3135G03U5 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.625 04/22/2025 805,000.00 04/22/2020

0.67%
803,341.70
804,731.80

96.43 5.18%
776,227.86
964.32

0.27%
(28,503.94)
Aaa/AA+
AA+

0.81 0.79
3135G04Z3 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.5 06/17/2025 2,020,000.00 06/17/2020

0.54%
2,015,818.60
2,019,195.35

95.66 5.17%
1,932,412.80
392.78

0.66%
(86,782.55)
Aaa/AA+
AA+

0.96 0.94
3137EAEU9

FEDERAL HOME LOAN
MORTGAGE CORP 0.375
07/21/2025
1,075,000.00 07/21/2020

0.48%
1,069,646.50
1,073,870.01

95.27 5.01%
1,024,202.78
1,791.67

0.35%
(49,667.23)
Aaa/AA+
AA+

1.06 1.03
3135G05X7 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.375 08/25/2025 1,700,000.00 08/25/2020

0.47%
1,692,044.00
1,698,168.03

94.81 5.07%
1,611,775.41
2,231.25

0.55%
(86,392.62)
Aaa/AA+
AA+

1.15 1.12
3137EAEX3

FEDERAL HOME LOAN
MORTGAGE CORP 0.375
09/23/2025
1,560,000.00 09/23/2020

0.44%
1,555,304.40
1,558,844.12

94.51 5.03%
1,474,385.66
1,592.50

0.51%
(84,458.47)
Aaa/AA+
AA+

1.23 1.20
3135G06G3 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.5 11/07/2025 1,680,000.00 11/09/2020

0.57%
1,673,985.60
1,678,368.41

94.22 4.97%
1,582,972.10
1,260.00

0.54%
(95,396.31)
Aaa/AA+
AA+

1.36 1.32
3130ATUC9 FEDERAL HOME LOAN BANKS 4.5
12/12/2025 1,800,000.00 02/08/2023

4.21%
1,813,572.00
1,806,923.42

99.42 4.92%
1,789,562.70
4,275.00

0.61%
(17,360.72)
Aaa/AA+
AA+

1.45 1.38
3130AWMN7 FEDERAL HOME LOAN BANKS

4.375 06/09/2028 1,000,000.00 07/26/2023

4.27%
1,004,500.00
1,003,639.97

99.58 4.49%
995,821.10
2,673.61

0.34%
(7,818.87)
Aaa/AA+
AA+

3.94 3.57
3130AWTR1 FEDERAL HOME LOAN BANKS

4.375 09/08/2028 1,000,000.00 09/21/2023

4.70%
985,570.00
987,822.45

99.66 4.46%
996,640.11
13,732.64

0.34%
8,817.66
Aaa/AA+
AA+

4.19 3.74
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
1,015,013.88

99.30 4.42%
993,018.00
1,888.89

0.34%
(21,995.88)
Aaa/AA+
AA+

4.46 4.01
3130AVBD3 FEDERAL HOME LOAN BANKS 4.5
03/09/2029 1,000,000.00 04/22/2024

4.71%
990,720.00
991,079.53
100.42

4.40%
1,004,201.77
14,000.00

0.34%
13,122.24
Aaa/AA+
AA+

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
Total Agency 18,290,000.00 1.83%
18,371,921.30
18,301,812.98

96.97 4.95%
17,727,764.34
59,187.90

6.09%
(574,048.64)
Aaa/AA+
AA+

1.80 1.67

AGENCY CMBS
3137BFE98 FHMS K-041 A2 3.171
10/25/2024 757,341.55 07/01/2021

0.66%
814,674.67
761,804.03

99.20 5.64%
751,303.42
2,001.28

0.26%
(10,500.61)
Aaa/AA+
AAA

0.32 0.24
3137FG6X8 FHMS K-077 A2 3.85 05/25/2028 1,835,000.00 05/24/2023

4.24%
1,801,310.55
1,808,767.95

96.44 4.85%
1,769,679.14
5,887.29

0.61%
(39,088.81)
Aaa/AA+
AAA

3.90 3.46
Total Agency
CMBS 2,592,341.55 3.18%
2,615,985.22
2,570,571.98

97.26 5.08%
2,520,982.56
7,888.57

0.87%
(49,589.42)
Aaa/AA+
AAA

2.84 2.50
CASH
CCYUSD Receivable 4,848.05 --

0.00%
4,848.05
4,848.05

1.00 0.00%
4,848.05

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
CCYUSD Receivable 74,954.76 --

0.00%
74,954.76
74,954.76

1.00 0.00%
74,954.76

0.00 0.03%

0.00 Aaa/AAA
AAA

0.00 0.00
CCYUSD Receivable 685,895.92 --

0.00%
685,895.92
685,895.92

1.00 0.00%
685,895.92

0.00 0.24%

0.00 Aaa/AAA
AAA

0.00 0.00
90CHECK$1 Checking Deposit Bank Account 1,072,422.00 06/30/2024

5.36%
1,072,422.00
1,072,422.00

1.00 5.36%
1,072,422.00

0.00 0.37%

0.00 NA/NA
NA

0.00 0.00
Total Cash 1,838,120.73 3.13%
1,838,120.73
1,838,120.73

1.00 3.13%
1,838,120.73

0.00 0.63%

0.00 Aaa/AAA
AAA

0.00 0.00

CORPORATE
00440EAS6 CHUBB INA HOLDINGS LLC 3.15
03/15/2025 1,150,000.00 02/24/2021

0.85%
1,255,961.00
1,168,424.88

98.43 5.44%
1,131,895.30
10,666.25

0.39%
(36,529.59)
A3/A
A

0.71 0.68
06367WB85 BANK OF MONTREAL 1.85
05/01/2025 1,150,000.00 03/24/2021

1.16%
1,182,257.50
1,156,550.62

97.00 5.57%
1,115,503.62
3,545.83

0.38%
(41,047.00)
A2/A-
AA-

0.84 0.81
78015K7H1 ROYAL BANK OF CANADA 1.15
06/10/2025 400,000.00 12/22/2021

1.43%
396,240.00
398,974.27

96.02 5.53%
384,097.34
268.33

0.13%
(14,876.93)
A1/A
AA-

0.94 0.92
63743HFE7

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

3.45 06/15/2025
685,000.00 --

3.55%
683,003.05
684,387.06

98.06 5.56%
671,679.61
1,050.33

0.23%
(12,707.45)
A2/A-
A

0.96 0.92
46647PBK1 JPMORGAN CHASE & CO 2.083
04/22/2026 500,000.00 09/16/2021

1.18%
515,945.00
503,590.67

97.11 6.58%
485,530.26
1,996.21

0.17%
(18,060.41)
A1/A-
AA-

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
91324PEC2 UNITEDHEALTH GROUP INC 1.15
05/15/2026 1,245,000.00 --

1.40%
1,231,472.05
1,239,229.67

92.96 5.14%
1,157,314.11
1,829.46

0.40%
(81,915.56)
A2/A+
A

1.87 1.81
89236TJK2 TOYOTA MOTOR CREDIT CORP

1.125 06/18/2026 810,000.00 06/15/2021

1.13%
809,643.60
809,860.05

92.61 5.12%
750,121.20
329.06

0.26%
(59,738.86)
A1/A+
A+

1.97 1.90
06051GJD2 BANK OF AMERICA CORP 1.319
06/19/2026 500,000.00 09/16/2021

1.23%
501,675.00
500,432.22

95.82 6.18%
479,104.58
219.83

0.16%
(21,327.64)
A1/A-
AA-

1.97 0.94
931142ER0 WALMART INC 1.05 09/17/2026 240,000.00 09/08/2021

1.09%
239,546.40
239,799.28

92.18 4.81%
221,240.91
728.00

0.08%
(18,558.38)
Aa2/AA
AA

2.22 2.14
87612EBM7 TARGET CORP 1.95 01/15/2027 545,000.00 01/19/2022

1.99%
544,073.50
544,526.81

93.06 4.89%
507,178.20
4,900.46

0.17%
(37,348.61)
A2/A
A

2.54 2.41
808513BY0 CHARLES SCHWAB CORP 2.45
03/03/2027 1,000,000.00 --

2.76%
985,444.30
992,169.53

93.27 5.18%
932,660.06
8,030.56

0.32%
(59,509.47)
A2/A-
A

2.67 2.52
084664CZ2 BERKSHIRE HATHAWAY FINANCE
CORP 2.3 03/15/2027 1,095,000.00 03/07/2022

2.30%
1,094,791.95
1,094,887.54

93.74 4.79%
1,026,423.36
7,415.58

0.35%
(68,464.19)
Aa2/AA
A+

2.71 2.56
023135CF1 AMAZON.COM INC 3.3
04/13/2027 750,000.00 04/25/2022

3.34%
748,702.50
749,272.48

95.89 4.89%
719,207.97
5,362.50

0.25%
(30,064.51)
A1/AA
AA-

2.79 2.60
74340XBN0 PROLOGIS LP 2.125 04/15/2027 1,000,000.00 11/09/2022

5.15%
881,290.00
925,079.49

92.34 5.10%
923,379.99
4,486.11

0.32%
(1,699.50)
A3/A
WR

2.79 2.64
927804GH1 VIRGINIA ELECTRIC AND POWER
CO 3.75 05/15/2027 250,000.00 05/16/2022

3.82%
249,220.00
249,548.37

96.31 5.15%
240,769.67
1,197.92

0.08%
(8,778.71)
A2/BBB+
A

2.87 2.67
14913R3A3 CATERPILLAR FINANCIAL
SERVICES CORP 3.6 08/12/2027 700,000.00 08/22/2022

3.81%
693,301.00
695,801.12

96.24 4.91%
673,713.96
9,730.00

0.23%
(22,087.16)
A2/A
A+

3.12 2.86
931142EX7 WALMART INC 3.95 09/09/2027 500,000.00 --

3.98%
499,366.20
499,595.63

97.70 4.73%
488,517.41
6,144.44

0.17%
(11,078.22)
Aa2/AA
AA

3.19 2.92
89115A2M3 TORONTO-DOMINION BANK

5.156 01/10/2028 1,100,000.00 06/28/2023

5.27%
1,094,940.00
1,096,062.07

99.88 5.19%
1,098,678.80
26,940.10

0.38%
2,616.73
A1/A
AA-

3.53 3.11
756109AU8 REALTY INCOME CORP 3.65
01/15/2028 1,000,000.00 04/24/2023

4.71%
955,470.00
966,621.86

95.18 5.16%
951,806.32
16,830.56

0.33%
(14,815.54)
A3/A-
WR

3.54 3.21
06051GGF0 BANK OF AMERICA CORP 3.824
01/20/2028 1,000,000.00 04/10/2023

5.10%
956,490.00
970,562.12

96.38 5.85%
963,835.70
17,101.78

0.33%
(6,726.42)
A1/A-
AA-

3.56 2.35
06406RAB3 BANK OF NEW YORK MELLON
CORP 3.442 02/07/2028 1,000,000.00 04/26/2023

4.55%
961,850.00
973,728.71

95.68 5.63%
956,760.33
13,768.00

0.33%
(16,968.38)
A1/A
AA-

3.61 2.41
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
1,191,003.24

95.75 4.93%
1,196,901.08
7,708.33

0.41%
5,897.83
A1/A
WR

3.84 3.50
037833ET3 APPLE INC 4.0 05/10/2028 205,000.00 05/08/2023

4.04%
204,604.35
204,694.87

97.92 4.59%
200,741.70
1,161.67

0.07%
(3,953.17)
Aaa/AA+
NA

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
02665WEM9 AMERICAN HONDA FINANCE
CORP 5.125 07/07/2028 1,200,000.00 08/17/2023

5.33%
1,189,428.00
1,191,296.79
100.46

5.00%
1,205,466.19
29,725.00

0.41%
14,169.40
A3/A-
A

4.02 3.51
78016HZS2 ROYAL BANK OF CANADA 5.2
08/01/2028 1,000,000.00 09/07/2023

5.53%
986,020.00
988,321.30
100.66

5.02%
1,006,565.95
21,666.67

0.35%
18,244.65
A1/A
AA-

4.09 3.57
24422EXH7 JOHN DEERE CAPITAL CORP 4.5
01/16/2029 1,200,000.00 04/23/2024

5.08%
1,170,792.00
1,171,925.14

98.30 4.92%
1,179,620.53
25,950.00

0.41%
7,695.39
A1/A
A+

4.55 3.97
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 1,200,000.00 01/24/2024

4.64%
1,198,044.00
1,198,206.73

98.90 4.87%
1,186,843.31
23,153.33

0.41%
(11,363.42)
A1/A+
NA

4.59 4.01
14913UAJ9 CATERPILLAR FINANCIAL
SERVICES CORP 4.85 02/27/2029 450,000.00 05/21/2024

4.84%
450,193.50
450,189.17
100.02

4.84%
450,106.43
7,517.50

0.15%
(82.74)
A2/A
A+

4.66 4.06
61747YFD2 MORGAN STANLEY 5.164
04/20/2029 1,200,000.00 05/30/2024

5.44%
1,188,336.00
1,188,590.64

99.68 5.58%
1,196,105.58
12,221.47

0.41%
7,514.94
A1/A-
A+

4.80 3.38
89236TMF9 TOYOTA MOTOR CREDIT CORP

5.05 05/16/2029 500,000.00 05/21/2024

5.01%
500,975.00
500,954.10
100.35

4.97%
501,748.40
3,156.25

0.17%
794.30
A1/A+
A+

4.88 4.25
91159HJM3 US BANCORP 5.775 06/12/2029 1,100,000.00 06/20/2024

5.26%
1,119,910.00
1,119,772.88
101.51

5.71%
1,116,655.32
3,352.71

0.38%
(3,117.56)
A3/A
A

4.95 3.49
437076DC3 HOME DEPOT INC 4.75
06/25/2029 425,000.00 06/17/2024

4.90%
422,258.75
422,267.76

99.42 4.88%
422,525.16
336.46

0.15%
257.40
A2/A
A

4.99 4.39
Total Corporate 26,350,000.00 3.79%
26,089,732.15
26,086,327.09

97.01 5.22%
25,542,698.34
278,490.70

8.77%
(543,628.74)
A2/A
A+

3.19 2.70
LAIF
90LAIF$00 Local Agency Investment Fund
State Pool 63,207,879.33 --

4.56%
63,207,879.33
63,207,879.33

1.00 4.56%
63,207,879.33

0.00 21.71%

0.00 NA/NA
NA

0.00 0.00
Total LAIF 63,207,879.33 4.56%
63,207,879.33
63,207,879.33

1.00 4.56%
63,207,879.33

0.00 21.71%

0.00 NA/NA
NA

0.00 0.00

MONEY MARKET
FUND
94975H312 ALLSPRING:TRS+ MM S 138,909.86 --

4.91%
138,909.86
138,909.86

1.00 4.91%
138,909.86

0.00 0.05%

0.00 Aaa/
AAAm
NA

0.00 0.00
94975H312 ALLSPRING:TRS+ MM S 704,427.71 --

4.91%
704,427.71
704,427.71

1.00 4.91%
704,427.71

0.00 0.24%

0.00 Aaa/
AAAm
NA

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
85253$413 Wells Fargo Stagecoach Sweep
Account 51,390,750.23 --

0.00%
51,390,750.23
51,390,750.23

1.00 0.00%
51,390,750.23

0.00 17.65%

0.00 NA/NA
NA

0.00 0.00
Total Money
Market Fund 52,234,087.80 0.08%
52,234,087.80
52,234,087.80

1.00 0.08%
52,234,087.80

0.00 17.94%

0.00 Aaa/AAA
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
519,534.64
100.04

4.49%
520,197.14
10,920.00

0.18%
662.50
Aaa/AAA
NA

4.04 3.58
4581X0EN4

INTER-AMERICAN
DEVELOPMENT BANK 4.125
02/15/2029
1,250,000.00 02/15/2024

4.31%
1,239,725.00
1,240,469.40

98.60 4.46%
1,232,470.73
21,627.60

0.42%
(7,998.68)
Aaa/AAA
NA

4.63 4.09
Total
Supranational 1,770,000.00 4.37%
1,759,147.80
1,760,004.04

99.03 4.47%
1,752,667.86
32,547.60

0.60%
(7,336.18)
Aaa/AAA
NA

4.45 3.94

US TREASURY
912797KR7 UNITED STATES TREASURY
07/30/2024 15,000,000.00 --

5.35%
14,828,611.76
14,937,003.14

99.58 5.17%
14,936,562.45

0.00 5.13%
(440.69)
P-1/A-1+
F1+

0.08 0.08
912797KY2 UNITED STATES TREASURY
08/20/2024 20,000,000.00 --

5.39%
19,703,927.23
19,854,493.06

99.27 5.25%
19,854,236.20

0.00 6.82%
(256.86)
P-1/A-1+
F1+

0.14 0.14
912797LH8 UNITED STATES TREASURY
09/17/2024 20,000,000.00 --

5.39%
19,700,349.28
19,773,147.30

98.87 5.28%
19,773,995.00

0.00 6.79%
847.70
P-1/A-1+
F1+

0.22 0.21
912797KM8 UNITED STATES TREASURY
09/26/2024 25,000,000.00 --

5.38%
24,537,219.31
24,685,178.42

98.74 5.30%
24,684,323.00

0.00 8.48%
(855.42)
P-1/A-1+
F1+

0.24 0.24
91282CAZ4 UNITED STATES TREASURY 0.375
11/30/2025 2,000,000.00 12/28/2020

0.38%
1,999,453.13
1,999,842.66

93.82 4.94%
1,876,328.12
635.25

0.64%
(123,514.54)
Aaa/AA+
AA+

1.42 1.38
91282CBC4 UNITED STATES TREASURY 0.375
12/31/2025 2,000,000.00 01/27/2021

0.39%
1,998,125.00
1,999,428.53

93.52 4.91%
1,870,390.62

20.38 0.64%
(129,037.91)
Aaa/AA+
AA+

1.50 1.46
91282CBT7 UNITED STATES TREASURY 0.75
03/31/2026 1,500,000.00 03/30/2021

0.91%
1,487,988.28
1,495,803.13

93.26 4.81%
1,398,867.18
2,827.87

0.48%
(96,935.95)
Aaa/AA+
AA+

1.75 1.70
91282CBW0 UNITED STATES TREASURY 0.75
04/30/2026 1,000,000.00 04/29/2021

0.88%
993,398.44
997,584.97

93.01 4.78%
930,078.12
1,263.59

0.32%
(67,506.85)
Aaa/AA+
AA+

1.83 1.78
91282CCP4 UNITED STATES TREASURY 0.625
07/31/2026 1,000,000.00 08/10/2021

0.82%
990,507.81
996,025.31

91.99 4.70%
919,921.88
2,609.89

0.32%
(76,103.43)
Aaa/AA+
AA+

2.08 2.02
91282CCW9 UNITED STATES TREASURY 0.75
08/31/2026 2,250,000.00 --

0.97%
2,226,699.22
2,239,585.82

91.97 4.69%
2,069,296.88
5,640.29

0.71%
(170,288.94)
Aaa/AA+
AA+

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
91282CDG3 UNITED STATES TREASURY 1.125
10/31/2026 3,000,000.00 --

1.27%
2,979,511.72
2,990,254.72

92.29 4.65%
2,768,554.68
5,686.14

0.95%
(221,700.04)
Aaa/AA+
AA+

2.34 2.25
912828Z78 UNITED STATES TREASURY 1.5
01/31/2027 500,000.00 03/30/2022

2.45%
478,320.31
488,417.87

92.55 4.59%
462,734.38
3,131.87

0.16%
(25,683.49)
Aaa/AA+
AA+

2.59 2.47
912828V98 UNITED STATES TREASURY 2.25
02/15/2027 1,250,000.00 02/06/2023

3.92%
1,173,095.70
1,199,794.95

94.28 4.59%
1,178,466.80
10,585.51

0.40%
(21,328.15)
Aaa/AA+
AA+

2.63 2.48
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027 1,250,000.00 09/27/2022

4.25%
1,160,839.84
1,195,636.69

94.79 4.54%
1,184,814.45
7,855.19

0.41%
(10,822.24)
Aaa/AA+
AA+

2.75 2.60
91282CEN7 UNITED STATES TREASURY 2.75
04/30/2027 2,500,000.00 --

3.23%
2,445,792.97
2,468,591.88

95.27 4.54%
2,381,835.95
11,582.88

0.82%
(86,755.93)
Aaa/AA+
AA+

2.83 2.67
91282CEW7 UNITED STATES TREASURY 3.25
06/30/2027 1,400,000.00 07/12/2022

3.00%
1,416,296.88
1,409,833.86

96.49 4.51%
1,350,835.93
123.64

0.46%
(58,997.93)
Aaa/AA+
AA+

3.00 2.82
91282CFH9 UNITED STATES TREASURY 3.125
08/31/2027 1,000,000.00 09/08/2022

3.36%
989,101.56
993,066.27

95.94 4.51%
959,375.00
10,444.97

0.33%
(33,691.27)
Aaa/AA+
AA+

3.17 2.94
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 1,000,000.00 10/28/2022

4.19%
996,875.00
997,935.24

98.87 4.50%
988,671.88
10,368.85

0.34%
(9,263.36)
Aaa/AA+
AA+

3.25 2.98
91282CFU0 UNITED STATES TREASURY 4.125
10/31/2027 1,100,000.00 12/20/2022

3.84%
1,113,750.00
1,109,427.47

98.88 4.49%
1,087,667.97
7,644.70

0.37%
(21,759.50)
Aaa/AA+
AA+

3.34 3.06
91282CGC9 UNITED STATES TREASURY 3.875
12/31/2027 1,250,000.00 01/26/2023

3.62%
1,264,355.47
1,260,198.05

98.08 4.47%
1,226,025.39
131.62

0.42%
(34,172.66)
Aaa/AA+
AA+

3.50 3.23
9128283W8 UNITED STATES TREASURY 2.75
02/15/2028 1,250,000.00 03/08/2023

4.37%
1,161,083.98
1,184,742.34

94.29 4.47%
1,178,564.45
12,937.84

0.40%
(6,177.89)
Aaa/AA+
AA+

3.63 3.36
91282CGT2 UNITED STATES TREASURY 3.625
03/31/2028 1,750,000.00 06/29/2023

4.18%
1,708,437.50
1,717,224.04

97.19 4.45%
1,700,781.25
15,946.04

0.58%
(16,442.79)
Aaa/AA+
AA+

3.75 3.43
91282CHA2 UNITED STATES TREASURY 3.5
04/30/2028 2,180,000.00 --

3.55%
2,175,314.06
2,176,363.26

96.73 4.44%
2,108,639.05
12,854.89

0.72%
(67,724.21)
Aaa/AA+
AA+

3.84 3.52
91282CHQ7 UNITED STATES TREASURY 4.125
07/31/2028 1,000,000.00 09/28/2023

4.68%
976,250.00
979,959.68

98.94 4.41%
989,414.06
17,225.27

0.34%
9,454.38
Aaa/AA+
AA+

4.08 3.66
91282CHX2 UNITED STATES TREASURY 4.375
08/31/2028 1,500,000.00 09/25/2023

4.59%
1,485,644.53
1,487,868.39

99.88 4.40%
1,498,242.18
21,934.44

0.51%
10,373.79
Aaa/AA+
AA+

4.17 3.72
91282CJA0 UNITED STATES TREASURY 4.625
09/30/2028 1,850,000.00 --

4.93%
1,825,767.58
1,829,161.78
100.85

4.40%
1,865,681.64
21,507.51

0.64%
36,519.86
Aaa/AA+
AA+

4.25 3.78
9128285M8 UNITED STATES TREASURY 3.125
11/15/2028 1,000,000.00 11/17/2023

4.49%
939,570.31
946,999.65

94.96 4.40%
949,570.31
3,991.17

0.33%
2,570.66
Aaa/AA+
AA+

4.38 4.01
91282CJN2 UNITED STATES TREASURY 4.375
11/30/2028 1,500,000.00 12/21/2023

3.82%
1,536,855.47
1,532,935.11

99.98 4.38%
1,499,765.63
5,558.40

0.52%
(33,169.48)
Aaa/AA+
AA+

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
91282CJR3 UNITED STATES TREASURY 3.75
12/31/2028 1,200,000.00 01/30/2024

3.96%
1,188,609.38
1,189,573.40

97.45 4.38%
1,169,343.74
122.28

0.40%
(20,229.65)
Aaa/AA+
AA+

4.50 4.09
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029 1,500,000.00 02/26/2024

4.31%
1,479,199.22
1,480,643.72

98.46 4.37%
1,476,914.07
25,054.95

0.51%
(3,729.65)
Aaa/AA+
AA+

4.59 4.07
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 1,000,000.00 03/25/2024

4.24%
1,000,546.88
1,000,517.41

99.55 4.36%
995,507.81
14,205.16

0.34%
(5,009.60)
Aaa/AA+
AA+

4.67 4.13
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 1,200,000.00 04/08/2024

4.43%
1,183,734.38
1,184,477.39

98.98 4.36%
1,187,765.63
12,442.62

0.41%
3,288.24
Aaa/AA+
AA+

4.75 4.23
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 1,000,000.00 05/28/2024

4.54%
1,003,476.56
1,003,412.72
101.15

4.36%
1,011,484.38
7,792.12

0.35%
8,071.66
Aaa/AA+
AA+

4.83 4.27
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 1,250,000.00 06/26/2024

4.33%
1,259,179.69
1,259,159.28
100.68

4.34%
1,258,496.10
4,764.34

0.43%
(663.18)
Aaa/AA+
AA+

4.92 4.36
Total US Treasury 123,180,000.00 4.60%
121,407,888.45
122,064,287.49

98.11 5.01%
120,793,152.16
256,889.69

41.50%
(1,271,135.33)
Aaa/AAA
AAA

1.25 1.15
Total Portfolio 294,989,650.97 3.50%
293,050,987.33
293,589,710.34

58.84 4.03%
291,092,768.04
643,592.82
100.00%
(2,496,942.30)
Aa2/AA
AA+

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss

ACQUISITIONS
Purchase 06/03/2024 94975H312 2,002.09 ALLSPRING:TRS+ MM S 1.000 4.92% (2,002.09) 0.00 (2,002.09) 0.00 Purchase 06/03/2024 94975H312 60,635.25 ALLSPRING:TRS+ MM S 1.000 4.92% (60,635.25) 0.00 (60,635.25) 0.00 Purchase 06/10/2024 94975H312 2,300.00 ALLSPRING:TRS+ MM S 1.000 4.91% (2,300.00) 0.00 (2,300.00) 0.00 Purchase 06/10/2024 94975H312 21,875.00 ALLSPRING:TRS+ MM S 1.000 4.91% (21,875.00) 0.00 (21,875.00) 0.00 Purchase 06/12/2024 94975H312 40,500.00 ALLSPRING:TRS+ MM S 1.000 4.90% (40,500.00) 0.00 (40,500.00) 0.00 Purchase 06/17/2024 94975H312 2,373.00 ALLSPRING:TRS+ MM S 1.000 4.91% (2,373.00) 0.00 (2,373.00) 0.00 Purchase 06/17/2024 94975H312 253,046.45 ALLSPRING:TRS+ MM S 1.000 4.91% (253,046.45) 0.00 (253,046.45) 0.00 Purchase 06/17/2024 94975H312 1,522.24 ALLSPRING:TRS+ MM S 1.000 4.91% (1,522.24) 0.00 (1,522.24) 0.00 Purchase 06/18/2024 94975H312 4,556.25 ALLSPRING:TRS+ MM S 1.000 4.91% (4,556.25) 0.00 (4,556.25) 0.00 Purchase 06/18/2024 94975H312 1,727.38 ALLSPRING:TRS+ MM S 1.000 4.91% (1,727.38) 0.00 (1,727.38) 0.00 Purchase 06/20/2024 94975H312 60,748.68 ALLSPRING:TRS+ MM S 1.000 4.91% (60,748.68) 0.00 (60,748.68) 0.00 Purchase 06/21/2024 94975H312 35,185.11 ALLSPRING:TRS+ MM S 1.000 4.91% (35,185.11) 0.00 (35,185.11) 0.00 Purchase 06/21/2024 91159HJM3 1,100,000.00 US BANCORP 5.775 06/12/2029 101.810 5.26% (1,119,910.00) (1,588.13) (1,121,498.13) 0.00 Purchase 06/25/2024 437076DC3 425,000.00 HOME DEPOT INC 4.75 06/25/2029 99.355 4.90% (422,258.75) 0.00 (422,258.75) 0.00 Purchase 06/27/2024 91282CKT7 1,250,000.00 UNITED STATES TREASURY

4.5 05/31/2029 100.734 4.33% (1,259,179.69) (4,149.59) (1,263,329.28) 0.00 Purchase 06/27/2024 94975H312 20,000,000.00 ALLSPRING:TRS+ MM S 1.000 4.92% (20,000,000.00) 0.00 (20,000,000.00) 0.00 Purchase 06/28/2024 912797KR7 5,000,000.00 UNITED STATES TREASURY 07/30/2024 99.536 5.32% (4,976,799.11) 0.00 (4,976,799.11) 0.00 Purchase 06/28/2024 912797LH8 5,000,000.00 UNITED STATES TREASURY 09/17/2024 98.827 5.35% (4,941,348.13) 0.00 (4,941,348.13) 0.00 Purchase 06/28/2024 912797KY2 5,000,000.00 UNITED STATES TREASURY 08/20/2024 99.228 5.36% (4,961,413.06) 0.00 (4,961,413.06) 0.00 Purchase 06/28/2024 912797KM8 5,000,000.00 UNITED STATES TREASURY 09/26/2024 98.693 5.37% (4,934,662.50) 0.00 (4,934,662.50) 0.00 Purchase 06/30/2024 90CHECK$1 32,611,278.91 Checking Deposit Bank Account 1.000 0.00% (32,611,278.91) 0.00 (32,611,278.91) 0.00 Purchase 06/30/2024 85253$413 12,259,317.04 Wells Fargo Stagecoach Sweep Account 1.000 0.00% (12,259,317.04) 0.00 (12,259,317.04) 0.00 Total Purchase 88,132,067.40 (87,972,638.64) (5,737.72) (87,978,376.36) 0.00 CONFIDENTIAL | 16
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 Execution Time: 07/10/2024 12:42:39 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
TOTAL
ACQUISITIONS 88,132,067.40 (87,972,638.64) (5,737.72) (87,978,376.36) 0.00

DISPOSITIONS
Maturity 06/27/2024 912796Y45 (20,000,000.00) UNITED STATES TREASURY 06/27/2024 100.000 0.00% 20,000,000.00 0.00 20,000,000.00 0.00 Total Maturity (20,000,000.00) 20,000,000.00 0.00 20,000,000.00 0.00 Sale 06/10/2024 94975H312 (8,510.03) ALLSPRING:TRS+ MM S 1.000 4.91% 8,510.03 0.00 8,510.03 0.00 Sale 06/21/2024 46647PBF2 (1,150,000.00) JPMORGAN CHASE & CO

2.301 10/15/2025 98.888 0.94% 1,137,211.99 (4,851.28) 1,142,063.27 (17,691.49) Sale 06/25/2024 94975H312 (379,873.89) ALLSPRING:TRS+ MM S 1.000 4.91% 379,873.89 0.00 379,873.89 0.00 Sale 06/27/2024 3137EAEP0 (1,040,000.00)

FEDERAL HOME LOAN
MORTGAGE CORP 1.5
02/12/2025

97.652 1.52% 1,015,580.80 (5,850.00) 1,021,430.80 (24,318.28) Sale 06/27/2024 94975H312 (241,898.48) ALLSPRING:TRS+ MM S 1.000 4.92% 241,898.48 0.00 241,898.48 0.00 Sale 06/28/2024 94975H312 (19,814,222.80) ALLSPRING:TRS+ MM S 1.000 4.92% 19,814,222.80 0.00 19,814,222.80 0.00 Sale 06/30/2024 90CHECK$1 (32,638,349.91) Checking Deposit Bank Account 1.000 0.00% 32,638,349.91 0.00 32,638,349.91 0.00 Sale 06/30/2024 85253$413 (9,863,817.00) Wells Fargo Stagecoach Sweep Account 1.000 0.00% 9,863,817.00 0.00 9,863,817.00 0.00 Total Sale (65,136,672.11) 65,099,464.90 (10,701.28) 65,110,166.18 (42,009.77) TOTAL
DISPOSITIONS (85,136,672.11) 85,099,464.90 (10,701.28) 85,110,166.18 (42,009.77) OTHER
Cash Transfer 06/30/2024 CCYUSD 2,368,429.04 Cash 0.00% 2,368,429.04 0.00 2,368,429.04 0.00 Total Cash
Transfer 2,368,429.04 2,368,429.04 0.00 2,368,429.04 0.00 Coupon 06/01/2024 3137BFE98 0.00 FHMS K-041 A2 3.171
10/25/2024 0.12% 2,039.65 0.00 2,039.65 0.00
Coupon 06/01/2024 3137FG6X8 0.00 FHMS K-077 A2 3.85
05/25/2028 4.22% 5,887.29 0.00 5,887.29 0.00
CONFIDENTIAL | 17
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 Execution Time: 07/10/2024 12:42:39 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 06/09/2024 3130AWMN7 0.00 FEDERAL HOME LOAN
BANKS 4.375 06/09/2028 4.27% 21,875.00 0.00 21,875.00 0.00 Coupon 06/10/2024 78015K7H1 0.00 ROYAL BANK OF CANADA

1.15 06/10/2025 1.43% 2,300.00 0.00 2,300.00 0.00
Coupon 06/12/2024 3130ATUC9 0.00 FEDERAL HOME LOAN
BANKS 4.5 12/12/2025 4.21% 40,500.00 0.00 40,500.00 0.00 Coupon 06/15/2024 89240BAC2 0.00 TAOT 2021-A A3 0.26
05/15/2025 0.00% 0.37 0.00 0.37 0.00
Coupon 06/15/2024 47788UAC6 0.00 JDOT 2021 A3 0.36
09/15/2025 0.38% 8.64 0.00 8.64 0.00
Coupon 06/15/2024 44933LAC7 0.00 HART 2021-A A3 0.38
09/15/2025 0.41% 9.37 0.00 9.37 0.00
Coupon 06/15/2024 47789QAC4 0.00 JDOT 2021-B A3 0.52
03/16/2026 0.53% 56.50 0.00 56.50 0.00
Coupon 06/15/2024 44934KAC8 0.00 HART 2021-B A3 0.38
01/15/2026 0.62% 59.73 0.00 59.73 0.00
Coupon 06/15/2024 44935FAD6 0.00 HART 2021-C A3 0.74
05/15/2026 0.76% 58.04 0.00 58.04 0.00
Coupon 06/15/2024 43815BAC4 0.00 HAROT 2022-1 A3 1.88
05/15/2026 1.90% 529.61 0.00 529.61 0.00
Coupon 06/15/2024 47787JAC2 0.00 JDOT 2022 A3 0.36
09/15/2026 2.35% 349.60 0.00 349.60 0.00
Coupon 06/15/2024 89238FAD5 0.00 TAOT 2022-B A3 2.93
09/15/2026 2.95% 617.43 0.00 617.43 0.00
Coupon 06/15/2024 63743HFE7 0.00

NATIONAL RURAL

UTILITIES COOPERATIVE
FINANCE CORP 3.45
06/15/2025

3.55% 11,816.25 0.00 11,816.25 0.00
Coupon 06/15/2024 47800AAC4 0.00 JDOT 2022-B A3 3.74
02/16/2027 3.78% 1,159.45 0.00 1,159.45 0.00
Coupon 06/15/2024 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 06/15/2024 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 | 18
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 Execution Time: 07/10/2024 12:42:39 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 06/15/2024 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 06/15/2024 3133EPN50 0.00

FEDERAL FARM CREDIT

BANKS FUNDING CORP

4.25 12/15/2028

3.88% 21,250.00 0.00 21,250.00 0.00
Coupon 06/15/2024 02582JJT8 0.00 AMXCA 2022-2 A
05/17/2027 3.42% 2,373.00 0.00 2,373.00 0.00
Coupon 06/16/2024 362554AC1 0.00 GMCAR 2021-4 A3 0.68
09/16/2026 0.68% 65.56 0.00 65.56 0.00
Coupon 06/16/2024 380146AC4 0.00 GMCAR 2022-1 A3 1.26
11/16/2026 1.27% 123.18 0.00 123.18 0.00
Coupon 06/16/2024 362585AC5 0.00 GMCAR 2022-2 A3 3.1
02/16/2027 3.13% 622.12 0.00 622.12 0.00
Coupon 06/17/2024 3135G04Z3 0.00

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.5 06/17/2025

0.54% 5,050.00 0.00 5,050.00 0.00
Coupon 06/18/2024 89236TJK2 0.00 TOYOTA MOTOR CREDIT
CORP 1.125 06/18/2026 1.13% 4,556.25 0.00 4,556.25 0.00 Coupon 06/19/2024 06051GJD2 0.00 BANK OF AMERICA CORP

1.319 06/19/2026 1.23% 3,297.50 0.00 3,297.50 0.00
Coupon 06/20/2024 36266FAC3 0.00 GMALT 2022-2 A3 3.42
06/20/2025 0.00% 163.27 0.00 163.27 0.00
Coupon 06/21/2024 43815GAC3 0.00 HAROT 2021-4 A3 0.88
01/21/2026 0.90% 101.48 0.00 101.48 0.00
Coupon 06/25/2024 05602RAD3 0.00 BMWOT 2022-A A3 3.21
08/25/2026 3.24% 590.49 0.00 590.49 0.00
Coupon 06/25/2024 05592XAD2 0.00 BMWOT 2023-A A3 5.47
02/25/2028 5.54% 820.50 0.00 820.50 0.00
Coupon 06/30/2024 91282CBC4 0.00 UNITED STATES TREASURY

0.375 12/31/2025 0.39% 3,750.00 0.00 3,750.00 0.00
Coupon 06/30/2024 91282CEW7 0.00 UNITED STATES TREASURY

3.25 06/30/2027 3.00% 22,750.00 0.00 22,750.00 0.00
Coupon 06/30/2024 91282CGC9 0.00 UNITED STATES TREASURY

TRANSACTION LEDGER
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp Yield Amount Interest Pur/
Sold Total Amount Gain/Loss
Coupon 06/30/2024 91282CJR3 0.00 UNITED STATES TREASURY

3.75 12/31/2028 3.96% 22,500.00 0.00 22,500.00 0.00
Total Coupon 0.00 209,315.03 0.00 209,315.03 0.00
Dividend 06/30/2024 94975H312 0.00 ALLSPRING:TRS+ MM S 4.92% 6,584.06 0.00 6,584.06 0.00 Total Dividend 0.00 6,584.06 0.00 6,584.06 0.00
Management
Fee 06/10/2024 CCYUSD (8,510.03) Cash 0.00% (8,510.03) 0.00 (8,510.03) 0.00 Total
Management
Fee (8,510.03) (8,510.03) 0.00 (8,510.03) 0.00
Principal
Paydown 06/01/2024 3137BFE98 14,522.09 FHMS K-041 A2 3.171 10/25/2024 0.12% 14,522.09 -- 14,522.09 0.00
Principal
Paydown 06/15/2024 89240BAC2 1,727.38 TAOT 2021-A A3 0.26 05/15/2025 0.00% 1,727.38 -- 1,727.38 0.00
Principal
Paydown 06/15/2024 47788UAC6 6,375.98 JDOT 2021 A3 0.36 09/15/2025 0.39% 6,375.98 -- 6,375.98 (0.00)
Principal
Paydown 06/15/2024 44933LAC7 16,571.63 HART 2021-A A3 0.38 09/15/2025 0.41% 16,571.63 -- 16,571.63 0.00
Principal
Paydown 06/15/2024 47789QAC4 15,709.81 JDOT 2021-B A3 0.52 03/16/2026 0.53% 15,709.81 -- 15,709.81 0.00
Principal
Paydown 06/15/2024 44934KAC8 38,092.00 HART 2021-B A3 0.38 01/15/2026 0.62% 38,092.00 -- 38,092.00 0.00
Principal
Paydown 06/15/2024 44935FAD6 10,951.65 HART 2021-C A3 0.74 05/15/2026 0.76% 10,951.65 -- 10,951.65 0.00
Principal
Paydown 06/15/2024 43815BAC4 28,451.94 HAROT 2022-1 A3 1.88 05/15/2026 1.90% 28,451.94 -- 28,451.94 0.01
Principal
Paydown 06/15/2024 47787JAC2 11,469.35 JDOT 2022 A3 0.36 09/15/2026 2.35% 11,469.35 -- 11,469.35 (0.00)
Principal
Paydown 06/15/2024 89238FAD5 18,817.25 TAOT 2022-B A3 2.93 09/15/2026 2.95% 18,817.25 -- 18,817.25 0.00
Principal
Paydown 06/15/2024 47800AAC4 19,952.15 JDOT 2022-B A3 3.74 02/16/2027 3.78% 19,952.15 -- 19,952.15 (0.00)
Principal
Paydown 06/16/2024 362554AC1 10,577.94 GMCAR 2021-4 A3 0.68 09/16/2026 0.68% 10,577.94 -- 10,577.94 0.00
CONFIDENTIAL | 20
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 Execution Time: 07/10/2024 12:42:39 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 06/16/2024 380146AC4 10,147.22 GMCAR 2022-1 A3 1.26 11/16/2026 1.27% 10,147.22 -- 10,147.22 (0.00)
Principal
Paydown 06/16/2024 362585AC5 15,859.92 GMCAR 2022-2 A3 3.1 02/16/2027 3.13% 15,859.92 -- 15,859.92 0.00
Principal
Paydown 06/20/2024 36266FAC3 57,287.91 GMALT 2022-2 A3 3.42 06/20/2025 0.00% 57,287.91 -- 57,287.91 (0.00)
Principal
Paydown 06/21/2024 43815GAC3 14,518.49 HAROT 2021-4 A3 0.88 01/21/2026 0.90% 14,518.49 -- 14,518.49 (0.00)
Principal
Paydown 06/25/2024 05602RAD3 18,524.84 BMWOT 2022-A A3 3.21 08/25/2026 3.24% 18,524.84 -- 18,524.84 (0.00)
Total Principal
Paydown 309,557.55 309,557.55 -- 309,557.55 0.01

0.00 62,637.34

0.00 0.00

0.00 62,637.34
62,637.34
Total 843,337.57
801,371.32
20,486,471.45
(20,444,505.20)
843,337.57

0.00 62,637.34

0.00 0.00

0.00 62,637.34 62,637.34

CASH & EQUIVALENTS
85253$413 Wells Fargo Stagecoach
Sweep Account 51,390,750.23
48,995,250.19
12,259,317.04
(9,863,817.00)
51,390,750.23

0.00 0.00

0.00 90CHECK$1 Checking Deposit Bank
Account 1,072,422.00
1,099,493.00
32,611,278.91
(32,638,349.91)
1,072,422.00

0.00 0.00

0.00 CCYUSD Receivable
765,698.73
515,651.19

0.00 0.00
765,698.73

0.00 0.00

0.00 Total Cash & Equivalents 53,228,870.96
50,610,394.38
44,870,595.95
(42,502,166.91)
53,228,870.96

0.00 0.00

0.00 0.00 0.00

FIXED INCOME
00440EAS6 CHUBB INA HOLDINGS LLC

3.15 03/15/2025
02/24/2021
02/26/2021
1,150,000.00
1,170,575.65

0.00 0.00
1,168,424.88
7,647.50

0.00 10,666.25
3,018.75

0.00 (2,150.76)
(2,150.76)
867.99
867.99
023135CF1 AMAZON.COM INC 3.3
04/13/2027
04/25/2022
04/27/2022
750,000.00
749,251.00

0.00 0.00
749,272.48
3,300.00

0.00 5,362.50
2,062.50

21.48 0.00

0.00 0.00
839,921.58
1,265.60
2,373.00
1,265.60
2,373.00

7.40 0.00

7.40 2,380.40
2,380.40
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2028
06/07/2023
06/14/2023
375,000.00
374,973.27

0.00 0.00
374,973.83
811.67
1,521.87
811.67
1,521.87

0.56 0.00

0.56 1,522.43
1,522.43
02665WEM9 AMERICAN HONDA FINANCE
CORP 5.125 07/07/2028
08/17/2023
08/21/2023
1,200,000.00
1,191,118.81

0.00 0.00
1,191,296.79
24,600.00

0.00 29,725.00
5,125.00
177.98

0.00 177.98
5,302.98
5,302.98
037833ET3 APPLE INC 4.0 05/10/2028
05/08/2023
05/10/2023
205,000.00
204,688.37

0.00 0.00
204,694.87
478.33

0.00 1,161.67
683.33

6.50 0.00

6.50 689.83
689.83
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028
07/11/2023
07/18/2023
180,000.00
179,974.15

0.00 0.00
179,974.71
164.10
820.50
164.10
820.50

0.57 0.00

0.57 821.07
821.07
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026
05/10/2022
05/18/2022
202,220.66
220,739.90

0.00 (18,524.84)
202,215.71
118.10
590.49
108.19
580.58

0.66 0.00

0.66 581.24
581.24
06051GGF0 BANK OF AMERICA CORP

3.824 01/20/2028
04/10/2023
04/12/2023
1,000,000.00
969,615.57

0.00 0.00
970,562.12
13,915.11

0.00 17,101.78
3,186.67
946.56

0.00 946.56
4,133.22
4,133.22
06051GJD2 BANK OF AMERICA CORP

1.319 06/19/2026
09/16/2021
09/20/2021
500,000.00
500,468.95

0.00 0.00
500,432.22
2,967.75
3,297.50
219.83
549.58

0.00 (36.73)
(36.73)
512.85
512.85
06367WB85 BANK OF MONTREAL 1.85
05/01/2025
03/24/2021
03/26/2021
1,150,000.00
1,157,197.06

0.00 0.00
1,156,550.62
1,772.92

0.00 3,545.83
1,772.92

0.00 0.00
973,728.71
10,899.67

0.00 13,768.00
2,868.33
828.75

0.00 828.75
3,697.08
3,697.08
084664CZ2

BERKSHIRE HATHAWAY
FINANCE CORP 2.3
03/15/2027
03/07/2022
03/15/2022
1,095,000.00
1,094,884.13

0.00 0.00
1,094,887.54
5,316.83

0.00 7,415.58
2,098.75

3.42 0.00

3.42 2,102.17
2,102.17
14913R3A3

CATERPILLAR FINANCIAL
SERVICES CORP 3.6
08/12/2027
08/22/2022
08/24/2022
700,000.00
695,690.33

0.00 0.00
695,801.12
7,630.00

0.00 9,730.00
2,100.00
110.79

0.00 110.79
2,210.79
2,210.79
14913UAJ9

CATERPILLAR FINANCIAL
SERVICES CORP 4.85
02/27/2029
05/21/2024
05/23/2024
450,000.00
450,192.50

0.00 0.00
450,189.17
5,698.75

0.00 7,517.50
1,818.75

0.00 (3.33)
(3.33)
1,815.42
1,815.42
161571HT4 CHAIT 2023-1 A 5.16
09/15/2028
09/07/2023
09/15/2023
1,005,000.00
1,004,761.06

0.00 0.00
1,004,765.63
2,304.80
4,321.50
2,304.80
4,321.50

4.57 0.00

4.57 4,326.07
4,326.07
24422EXH7 JOHN DEERE CAPITAL CORP

4.5 01/16/2029
04/23/2024
04/25/2024
1,200,000.00
1,171,417.76

0.00 0.00
1,171,925.14
21,450.00

0.00 25,950.00
4,500.00
507.38

0.00 507.38
5,007.38
5,007.38
3130A4CH3 FEDERAL HOME LOAN BANKS

2.375 03/14/2025
03/19/2020
03/20/2020
1,750,000.00
1,765,886.75

0.00 0.00
1,764,220.31
8,889.76

0.00 12,353.30
3,463.54

0.00 (1,666.44)
(1,666.44)
1,797.10
1,797.10
3130AJHU6 FEDERAL HOME LOAN BANKS

0.5 04/14/2025
05/28/2020
05/29/2020
1,900,000.00
1,899,928.98

0.00 0.00
1,899,935.70
1,240.28

0.00 2,031.94
791.67

6.72 0.00

6.72 798.39
798.39
3130ATUC9 FEDERAL HOME LOAN BANKS

4.5 12/12/2025
02/08/2023
02/09/2023
1,800,000.00
1,807,316.05

0.00 0.00
1,806,923.42
38,025.00
40,500.00
4,275.00
6,750.00

4.5 03/09/2029
04/22/2024
04/23/2024
1,000,000.00
990,923.21

0.00 0.00
991,079.53
10,250.00

0.00 14,000.00
3,750.00
156.32

0.00 156.32
3,906.32
3,906.32
3130AWMN7 FEDERAL HOME LOAN BANKS

4.375 06/09/2028
07/26/2023
07/27/2023
1,000,000.00
1,003,715.85

0.00 0.00
1,003,639.97
20,902.78
21,875.00
2,673.61
3,645.83

0.00 (75.89)
(75.89)
3,569.95
3,569.95
3130AWTR1 FEDERAL HOME LOAN BANKS

4.375 09/08/2028
09/21/2023
09/22/2023
1,000,000.00
987,583.67

0.00 0.00
987,822.45
10,086.81

0.00 13,732.64
3,645.83
238.78

0.00 238.78
3,884.61
3,884.61
3133EPN50

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.25
12/15/2028
12/28/2023
12/29/2023
1,000,000.00
1,015,290.55

0.00 0.00
1,015,013.88
19,597.22
21,250.00
1,888.89
3,541.67

0.00 (276.67)
(276.67)
3,265.00
3,265.00
3135G03U5

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.625 04/22/2025
04/22/2020
04/24/2020
805,000.00
804,704.52

0.00 0.00
804,731.80
545.05

0.00 964.32
419.27

27.27 0.00

27.27 446.55
446.55
3135G04Z3

FEDERAL NATIONAL
MORTGAGE ASSOCIATION 0.5
06/17/2025
06/17/2020
06/19/2020
2,020,000.00
2,019,126.58

0.00 0.00
2,019,195.35
4,601.11
5,050.00
392.78
841.67

68.77 0.00

68.77 910.44
910.44
3135G05X7

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.375 08/25/2025
08/25/2020
08/27/2020
1,700,000.00
1,698,037.17

0.00 0.00
1,698,168.03
1,700.00

0.00 2,231.25
531.25
130.86

0.00 130.86
662.11
662.11
3135G06G3

FEDERAL NATIONAL
MORTGAGE ASSOCIATION 0.5
11/07/2025
11/09/2020
11/12/2020
1,680,000.00
1,678,269.33

0.00 0.00
1,678,368.41
560.00

0.00 1,260.00
700.00

99.08 0.00

99.08 799.08
799.08
3137BFE98 FHMS K-041 A2 3.171
10/25/2024
07/01/2021
07/07/2021
757,341.55
777,894.74

0.00 (14,522.09)
761,804.03
2,039.65
2,039.65
2,001.28
2,001.28

FEDERAL HOME LOAN
MORTGAGE CORP 1.5
02/12/2025
02/13/2020
02/14/2020

0.00 1,039,887.67

0.00 (1,039,899.08)

0.00 4,723.33
5,850.00

0.00 1,126.67

11.41 0.00

11.41 1,138.08
1,138.08
3137EAEU9

FEDERAL HOME LOAN
MORTGAGE CORP 0.375
07/21/2025
07/21/2020
07/23/2020
1,075,000.00
1,073,781.96

0.00 0.00
1,073,870.01
1,455.73

0.00 1,791.67
335.94

88.05 0.00

88.05 423.99
423.99
3137EAEX3

FEDERAL HOME LOAN
MORTGAGE CORP 0.375
09/23/2025
09/23/2020
09/25/2020
1,560,000.00
1,558,766.89

0.00 0.00
1,558,844.12
1,105.00

0.00 1,592.50
487.50

77.23 0.00

77.23 564.73
564.73
3137FG6X8 FHMS K-077 A2 3.85
05/25/2028
05/24/2023
05/30/2023
1,835,000.00
1,808,205.83

0.00 0.00
1,808,767.95
5,887.29
5,887.29
5,887.29
5,887.29
562.12

0.00 562.12
6,449.41
6,449.41
362554AC1 GMCAR 2021-4 A3 0.68
09/16/2026
10/13/2021
10/21/2021
105,107.76
115,684.51

0.00 (10,577.94)
105,106.72

32.78 65.56

29.78 62.56

0.15 0.00

0.15 62.71

62.71 362585AC5 GMCAR 2022-2 A3 3.1
02/16/2027
04/05/2022
04/13/2022
224,961.25
240,795.05

0.00 (15,859.92)
224,937.59
311.06
622.12
290.58
601.63

2.46 0.00

2.46 604.09
604.09
36266FAC3 GMALT 2022-2 A3 3.42
06/20/2025
05/03/2022
05/11/2022

0.00 57,286.11

0.00 (57,287.91)

0.00 59.87
163.27

0.00 103.40

1.80 0.00

1.80 105.20
105.20
380146AC4 GMCAR 2022-1 A3 1.26
11/16/2026
01/11/2022
01/19/2022
107,163.02
117,305.62

0.00 (10,147.22)
107,158.94

61.59 123.18

56.26 117.85

0.54 0.00

0.54 118.39
118.39
437076DC3 HOME DEPOT INC 4.75
06/25/2029
06/17/2024
06/25/2024
425,000.00

0.00 422,258.75

0.00 422,267.76

0.00 0.00
336.46
336.46

9.01 0.00

0.00 (28,451.93)
309,577.47
282.46
529.61
258.69
505.84

2.66 0.00

2.66 508.49
508.49
43815GAC3 HAROT 2021-4 A3 0.88
01/21/2026
11/16/2021
11/24/2021
123,868.37
138,376.53

0.00 (14,518.49)
123,859.58

33.83 101.48

30.28 97.93

1.55 0.00

1.55 99.48

99.48 44933LAC7 HART 2021-A A3 0.38
09/15/2025
04/20/2021
04/28/2021
13,029.57
29,600.53

0.00 (16,571.63)
13,029.29

5.00 9.37

2.20 6.57

0.39 0.00

0.39 6.96

6.96 44934KAC8 HART 2021-B A3 0.38
01/15/2026
07/20/2021
07/28/2021
150,544.62
188,624.52

0.00 (38,092.00)
150,535.45

31.86 59.73

25.43 53.30

2.93 0.00

2.93 56.23

56.23 44935FAD6 HART 2021-C A3 0.74
05/15/2026
11/09/2021
11/17/2021
83,162.27
94,106.07

0.00 (10,951.65)
83,155.62

30.95 58.04

27.35 54.44

1.21 0.00

1.21 55.64

55.64 4581X0EN4

INTER-AMERICAN
DEVELOPMENT BANK 4.125
02/15/2029
02/15/2024
02/20/2024
1,250,000.00
1,240,300.22

0.00 0.00
1,240,469.40
17,330.73

0.00 21,627.60
4,296.88
169.18

0.00 169.18
4,466.06
4,466.06
45950KDD9 INTERNATIONAL FINANCE
CORP 4.5 07/13/2028
07/06/2023
07/13/2023
520,000.00
519,525.16

0.00 0.00
519,534.64
8,970.00

0.00 10,920.00
1,950.00

9.48 0.00

9.48 1,959.48
1,959.48
46647PBF2 JPMORGAN CHASE & CO

2.301 10/15/2025
11/13/2020
11/17/2020

0.00 1,155,748.91

0.00 (1,154,903.48)

0.00 3,381.19
4,851.28

0.00 1,470.09

0.00 (845.43)
(845.43)
624.66
624.66
46647PBK1 JPMORGAN CHASE & CO

2.083 04/22/2026
09/16/2021
09/20/2021
500,000.00
503,955.82

0.00 0.00
503,590.67
1,128.29

0.00 1,996.21
867.92

0.00 (11,469.35)
169,340.31
186.45
349.60
174.63
337.77

1.85 0.00

1.85 339.63
339.63
47788UAC6 JDOT 2021 A3 0.36
09/15/2025
03/02/2021
03/10/2021
22,412.35
28,787.02

0.00 (6,375.98)
22,411.39

4.61 8.64

3.59 7.62

0.36 0.00

0.36 7.98

7.98 47789QAC4 JDOT 2021-B A3 0.52
03/16/2026
07/13/2021
07/21/2021
114,681.37
130,387.27

0.00 (15,709.81)
114,678.09

30.13 56.50

26.50 52.87

0.63 0.00

0.63 53.50

53.50 47800AAC4 JDOT 2022-B A3 3.74
02/16/2027
07/12/2022
07/20/2022
352,062.62
371,994.38

0.00 (19,952.15)
352,043.91
618.37
1,159.45
585.21
1,126.29

1.68 0.00

1.68 1,127.96
1,127.96
58768PAC8 MBART 2022-1 A3 5.21
08/16/2027
11/15/2022
11/22/2022
915,000.00
914,878.40

0.00 0.00
914,881.51
2,118.73
3,972.63
2,118.73
3,972.63

3.12 0.00

3.12 3,975.75
3,975.75
61747YFD2 MORGAN STANLEY 5.164
04/20/2029
05/30/2024
05/31/2024
1,200,000.00
1,188,344.21

0.00 0.00
1,188,590.64
7,057.47

0.00 12,221.47
5,164.00
246.42

0.00 246.42
5,410.42
5,410.42
63743HFE7

NATIONAL RURAL UTILITIES

COOPERATIVE FINANCE CORP

3.45 06/15/2025 685,000.00
684,334.37

0.00 0.00
684,387.06
10,897.21
11,816.25
1,050.33
1,969.38

52.69 0.00

52.69 2,022.06
2,022.06
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029
01/24/2024
01/31/2024
1,200,000.00
1,198,174.61

0.00 0.00
1,198,206.73
18,553.33

0.00 23,153.33
4,600.00

32.12 0.00

32.12 4,632.12
4,632.12
74340XBN0 PROLOGIS LP 2.125
04/15/2027
11/09/2022
11/14/2022
1,000,000.00
922,871.62

0.00 0.00
925,079.49
2,715.28

0.00 4,486.11
1,770.83
2,207.87

0.00 0.00
1,191,003.24
3,854.17

0.00 7,708.33
3,854.17
1,264.22

0.00 1,264.22
5,118.38
5,118.38
756109AU8 REALTY INCOME CORP 3.65
01/15/2028
04/24/2023
04/26/2023
1,000,000.00
965,847.43

0.00 0.00
966,621.86
13,788.89

0.00 16,830.56
3,041.67
774.43

0.00 774.43
3,816.10
3,816.10
78015K7H1 ROYAL BANK OF CANADA

1.15 06/10/2025
12/22/2021
12/27/2021
400,000.00
398,884.82

0.00 0.00
398,974.27
2,185.00
2,300.00
268.33
383.33

89.45 0.00

89.45 472.79
472.79
78016HZS2 ROYAL BANK OF CANADA 5.2
08/01/2028
09/07/2023
09/11/2023
1,000,000.00
988,086.47

0.00 0.00
988,321.30
17,333.33

0.00 21,666.67
4,333.33
234.83

0.00 234.83
4,568.16
4,568.16
808513BY0 CHARLES SCHWAB CORP 2.45
03/03/2027 1,000,000.00
991,928.59

0.00 0.00
992,169.53
5,988.89

0.00 8,030.56
2,041.67
240.94

0.00 240.94
2,282.60
2,282.60
87612EBM7 TARGET CORP 1.95
01/15/2027
01/19/2022
01/24/2022
545,000.00
544,511.51

0.00 0.00
544,526.81
4,014.83

0.00 4,900.46
885.63

15.30 0.00

15.30 900.92
900.92
89115A2M3 TORONTO-DOMINION BANK

5.156 01/10/2028
06/28/2023
06/30/2023
1,100,000.00
1,095,970.34

0.00 0.00
1,096,062.07
22,213.77

0.00 26,940.10
4,726.33

91.72 0.00

91.72 4,818.06
4,818.06
89236TJK2 TOYOTA MOTOR CREDIT
CORP 1.125 06/18/2026
06/15/2021
06/18/2021
810,000.00
809,854.20

0.00 0.00
809,860.05
4,125.94
4,556.25
329.06
759.38

5.86 0.00

5.86 765.23
765.23
89236TMF9 TOYOTA MOTOR CREDIT
CORP 5.05 05/16/2029
05/21/2024
05/23/2024
500,000.00
500,970.18

0.00 0.00
500,954.10
1,052.08

0.00 3,156.25
2,104.17

0.00 (18,817.25)
234,051.55
329.29
617.43
304.79
592.93

0.26 0.00

0.26 593.18
593.18
89240BAC2 TAOT 2021-A A3 0.26
05/15/2025
02/02/2021
02/08/2021

0.00 1,727.33

0.00 (1,727.38)

0.00 0.20

0.37 0.00

0.17 0.05

0.00 0.05

0.22 0.22
91159HJM3 US BANCORP 5.775
06/12/2029
06/20/2024
06/21/2024
1,100,000.00

0.00 1,119,910.00

0.00 1,119,772.88

0.00 (1,588.13)
3,352.71
1,764.58

0.00 (137.12)
(137.12)
1,627.46
1,627.46
912796Y45 UNITED STATES TREASURY
06/27/2024 0.00
19,925,932.50

0.00 (20,000,000.00)

0.00 0.00

0.00 74,067.50

0.00 74,067.50
74,067.50
74,067.50
912797KM8 UNITED STATES TREASURY
09/26/2024 25,000,000.00
19,661,558.00
4,934,662.50

0.00 24,685,178.42

0.00 0.00

0.00 0.00
88,957.92

0.00 88,957.92
88,957.92
88,957.92
912797KR7 UNITED STATES TREASURY
07/30/2024 15,000,000.00
9,914,610.61
4,976,799.11

0.00 14,937,003.14

0.00 0.00

0.00 0.00
45,593.42

0.00 45,593.42
45,593.42
45,593.42
912797KY2 UNITED STATES TREASURY
08/20/2024 20,000,000.00
14,825,433.34
4,961,413.06

0.00 19,854,493.06

0.00 0.00

0.00 0.00
67,646.67

0.00 67,646.67
67,646.67
67,646.67
912797LH8 UNITED STATES TREASURY
09/17/2024 20,000,000.00
14,764,098.75
4,941,348.13

0.00 19,773,147.30

0.00 0.00

0.00 0.00
67,700.42

0.00 67,700.42
67,700.42
67,700.42
9128283W8 UNITED STATES TREASURY

2.75 02/15/2028
03/08/2023
03/09/2023
1,250,000.00
1,183,263.70

0.00 0.00
1,184,742.34
10,104.74

0.00 12,937.84
2,833.10
1,478.65

3.125 11/15/2028
11/17/2023
11/20/2023
1,000,000.00
946,004.65

0.00 0.00
946,999.65
1,443.61

0.00 3,991.17
2,547.55
995.00

0.00 995.00
3,542.55
3,542.55
912828V98 UNITED STATES TREASURY

2.25 02/15/2027
02/06/2023
02/07/2023
1,250,000.00
1,198,224.40

0.00 0.00
1,199,794.95
8,267.51

0.00 10,585.51
2,317.99
1,570.54

0.00 1,570.54
3,888.54
3,888.54
912828Z78 UNITED STATES TREASURY 1.5
01/31/2027
03/30/2022
03/31/2022
500,000.00
488,049.79

0.00 0.00
488,417.87
2,513.74

0.00 3,131.87
618.13
368.08

0.00 368.08
986.21
986.21
91282CAZ4 UNITED STATES TREASURY

0.375 11/30/2025
12/28/2020
12/29/2020
2,000,000.00
1,999,833.54

0.00 0.00
1,999,842.66

20.49 0.00
635.25
614.75

9.13 0.00

9.13 623.88
623.88
91282CBC4 UNITED STATES TREASURY

0.375 12/31/2025
01/27/2021
01/28/2021
2,000,000.00
1,999,397.25

0.00 0.00
1,999,428.53
3,152.47

0.00 20.38
(3,132.09)

31.28 0.00

31.28 (3,100.81)
(3,100.81)
91282CBT7 UNITED STATES TREASURY

0.75 03/31/2026
03/30/2021
03/31/2021
1,500,000.00
1,495,605.79

0.00 0.00
1,495,803.13
1,905.74

0.00 2,827.87
922.13
197.34

0.00 197.34
1,119.48
1,119.48
91282CBW0 UNITED STATES TREASURY

0.75 04/30/2026
04/29/2021
04/30/2021
1,000,000.00
997,476.51

0.00 0.00
997,584.97
652.17

0.00 1,263.59
611.41
108.46

0.00 108.46
719.87
719.87
91282CCP4 UNITED STATES TREASURY

0.625 07/31/2026
08/10/2021
08/11/2021
1,000,000.00
995,868.41

0.00 0.00
996,025.31
2,094.78

0.00 2,609.89
515.11
156.90

0.00 156.90
672.01
672.01
91282CCW9 UNITED STATES TREASURY

0.75 08/31/2026 2,250,000.00
2,239,190.84

0.00 0.00
2,239,585.82
4,264.61

0.00 5,640.29
1,375.68
394.98

1.125 10/31/2026 3,000,000.00
2,989,911.57

0.00 0.00
2,990,254.72
2,934.78

0.00 5,686.14
2,751.36
343.14

0.00 343.14
3,094.50
3,094.50
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027
09/27/2022
09/28/2022
1,250,000.00
1,194,010.67

0.00 0.00
1,195,636.69
5,293.72

0.00 7,855.19
2,561.48
1,626.02

0.00 1,626.02
4,187.50
4,187.50
91282CEN7 UNITED STATES TREASURY

2.75 04/30/2027 2,500,000.00
2,467,679.74

0.00 0.00
2,468,591.88
5,978.26

0.00 11,582.88
5,604.62
912.14

0.00 912.14
6,516.76
6,516.76
91282CEW7 UNITED STATES TREASURY

3.25 06/30/2027
07/12/2022
07/13/2022
1,400,000.00
1,410,103.53

0.00 0.00
1,409,833.86
19,125.00

0.00 123.64
(19,001.36)

0.00 (269.67)
(269.67)
(19,271.03)
(19,271.03)
91282CFH9 UNITED STATES TREASURY

3.125 08/31/2027
09/08/2022
09/09/2022
1,000,000.00
992,886.33

0.00 0.00
993,066.27
7,897.42

0.00 10,444.97
2,547.55
179.94

0.00 179.94
2,727.50
2,727.50
91282CFM8 UNITED STATES TREASURY

4.125 09/30/2027
10/28/2022
10/31/2022
1,000,000.00
997,883.01

0.00 0.00
997,935.24
6,987.70

0.00 10,368.85
3,381.15

52.23 0.00

52.23 3,433.38
3,433.38
91282CFU0 UNITED STATES TREASURY

4.125 10/31/2027
12/20/2022
12/21/2022
1,100,000.00
1,109,659.86

0.00 0.00
1,109,427.47
3,945.65

0.00 7,644.70
3,699.05

0.00 (232.39)
(232.39)
3,466.65
3,466.65
91282CGC9 UNITED STATES TREASURY

3.875 12/31/2027
01/26/2023
01/27/2023
1,250,000.00
1,260,437.44

0.00 0.00
1,260,198.05
20,359.72

0.00 131.62
(20,228.09)

0.00 (239.39)
(239.39)
(20,467.49)
(20,467.49)
91282CGT2 UNITED STATES TREASURY

3.625 03/31/2028
06/29/2023
06/30/2023
1,750,000.00
1,716,505.80

0.00 0.00
1,717,224.04
10,746.24

0.00 15,946.04
5,199.80
718.25

0.00 0.00
2,176,363.26
6,634.78

0.00 12,854.89
6,220.11
109.05
(31.06)

77.99 6,298.09
6,298.09
91282CHQ7 UNITED STATES TREASURY

4.125 07/31/2028
09/28/2023
09/29/2023
1,000,000.00
979,556.45

0.00 0.00
979,959.68
13,825.55

0.00 17,225.27
3,399.73
403.23

0.00 403.23
3,802.95
3,802.95
91282CHX2 UNITED STATES TREASURY

4.375 08/31/2028
09/25/2023
09/26/2023
1,500,000.00
1,487,629.27

0.00 0.00
1,487,868.39
16,584.58

0.00 21,934.44
5,349.86
239.13

0.00 239.13
5,588.99
5,588.99
91282CJA0 UNITED STATES TREASURY

4.625 09/30/2028 1,850,000.00
1,828,758.98

0.00 0.00
1,829,161.78
14,494.19

0.00 21,507.51
7,013.32
402.80

0.00 402.80
7,416.12
7,416.12
91282CJN2 UNITED STATES TREASURY

4.375 11/30/2028
12/21/2023
12/22/2023
1,500,000.00
1,533,547.67

0.00 0.00
1,532,935.11
179.30

0.00 5,558.40
5,379.10

0.00 (612.56)
(612.56)
4,766.54
4,766.54
91282CJR3 UNITED STATES TREASURY

3.75 12/31/2028
01/30/2024
01/31/2024
1,200,000.00
1,189,383.13

0.00 0.00
1,189,573.40
18,914.84

0.00 122.28
(18,792.55)
190.27

0.00 190.27
(18,602.29)
(18,602.29)
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029
02/26/2024
02/27/2024
1,500,000.00
1,480,297.04

0.00 0.00
1,480,643.72
20,109.89

0.00 25,054.95
4,945.06
346.68

0.00 346.68
5,291.73
5,291.73
91282CKD2 UNITED STATES TREASURY

4.25 02/28/2029
03/25/2024
03/26/2024
1,000,000.00
1,000,526.52

0.00 0.00
1,000,517.41
10,740.49

0.00 14,205.16
3,464.67

0.00 (9.11)
(9.11)
3,455.56
3,455.56
91282CKG5 UNITED STATES TREASURY

4.125 03/31/2029
04/08/2024
04/09/2024
1,200,000.00
1,184,208.83

0.00 0.00
1,184,477.39
8,385.25

0.00 12,442.62
4,057.38
268.56

4.625 04/30/2029
05/28/2024
05/29/2024
1,000,000.00
1,003,470.76

0.00 0.00
1,003,412.72
4,021.74

0.00 7,792.12
3,770.38

0.00 (58.04)
(58.04)
3,712.34
3,712.34
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029
06/26/2024
06/27/2024
1,250,000.00

0.00 1,259,179.69

0.00 1,259,159.28

0.00 (4,149.59)
4,764.34
614.75

0.00 (20.41)
(20.41)
594.34
594.34
91324PEC2 UNITEDHEALTH GROUP INC

1.15 05/15/2026 1,245,000.00
1,238,976.81

0.00 0.00
1,239,229.67
636.33

0.00 1,829.46
1,193.13
266.34
(13.47)
252.86
1,445.99
1,445.99
927804GH1 VIRGINIA ELECTRIC AND
POWER CO 3.75 05/15/2027
05/16/2022
05/31/2022
250,000.00
249,535.45

0.00 0.00
249,548.37
416.67

0.00 1,197.92
781.25

12.93 0.00

12.93 794.18
794.18
931142ER0 WALMART INC 1.05
09/17/2026
09/08/2021
09/17/2021
240,000.00
239,791.83

0.00 0.00
239,799.28
518.00

0.00 728.00
210.00

7.45 0.00

7.45 217.45
217.45
931142EX7 WALMART INC 3.95
09/09/2027 09/09/2022
500,000.00
499,585.22

0.00 0.00
499,595.63
4,498.61

0.00 6,144.44
1,645.83

10.41 0.00

10.41 1,656.25
1,656.25
Total Fixed Income 177,709,563.11
175,843,165.59
22,615,571.24
(22,504,360.10)
176,309,622.48
628,326.29
141,059.84
643,592.82
156,326.36
364,913.17
(9,667.42)
355,245.75
511,572.11 511,572.11
LAIF
90LAIF$00 Local Agency Investment
Fund State Pool 63,207,879.33
63,207,879.33

0.00 0.00
63,207,879.33

0.00 0.00

0.00 Total LAIF 63,207,879.33
63,207,879.33

0.00 0.00
63,207,879.33

0.00 0.00

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
TOTAL PORTFOLIO 294,989,650.97
290,462,810.62
87,972,638.64
(85,451,032.21)
293,589,710.34
628,326.29
203,697.18
643,592.82
218,963.70
364,913.17
(9,667.42)
355,245.75
574,209.45 574,209.45
CONFIDENTIAL | 35
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 Execution Time: 07/10/2024 12:42:39 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 JULY 2024
07/01/2024 Dividend 94975H312 0.00 1,736.01 1,736.01
07/01/2024 Dividend 0.00 232,882.07 232,882.07
07/01/2024 Dividend 94975H312 0.00 4,848.05 4,848.05
07/01/2024 Coupon 91282CBC4 0.00 UNITED STATES TREASURY 0.375 12/31/2025 3,750.00 3,750.00 07/01/2024 Coupon 91282CEW7 0.00 UNITED STATES TREASURY 3.25 06/30/2027 22,750.00 22,750.00 07/01/2024 Coupon 91282CJR3 0.00 UNITED STATES TREASURY 3.75 12/31/2028 22,500.00 22,500.00 07/01/2024 Coupon 91282CGC9 0.00 UNITED STATES TREASURY 3.875 12/31/2027 24,218.75 24,218.75 07/08/2024 Coupon 02665WEM9 0.00 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 309,596.47 HAROT 2022-1 A3 1.88 05/15/2026 485.03 485.03 07/15/2024 Principal Paydown 43815BAC4 309,596.47 HAROT 2022-1 A3 1.88 05/15/2026 27,244.41 27,244.41 07/15/2024 Coupon 44933LAC7 13,029.57 HART 2021-A A3 0.38 09/15/2025 4.43 4.43 07/15/2024 Effective Maturity 44933LAC7 13,029.57 HART 2021-A A3 0.38 09/15/2025 13,993.93 13,993.93 07/15/2024 Coupon 44934KAC8 150,544.62 HART 2021-B A3 0.38 01/15/2026 75.17 75.17 07/15/2024 Principal Paydown 44934KAC8 150,544.62 HART 2021-B A3 0.38 01/15/2026 34,894.51 34,894.51 07/15/2024 Coupon 44935FAD6 83,162.27 HART 2021-C A3 0.74 05/15/2026 51.30 51.30 07/15/2024 Principal Paydown 44935FAD6 83,162.27 HART 2021-C A3 0.74 05/15/2026 10,359.43 10,359.43 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 169,357.55 JDOT 2022 A3 0.36 09/15/2026 325.54 325.54 07/15/2024 Principal Paydown 47787JAC2 169,357.55 JDOT 2022 A3 0.36 09/15/2026 14,767.82 14,767.82 07/15/2024 Coupon 47788UAC6 22,412.35 JDOT 2021 A3 0.36 09/15/2025 6.72 6.72 07/15/2024 Principal Paydown 47788UAC6 22,412.35 JDOT 2021 A3 0.36 09/15/2025 6,125.80 6,125.80 07/15/2024 Coupon 47789QAC4 114,681.37 JDOT 2021-B A3 0.52 03/16/2026 49.70 49.70 07/15/2024 Principal Paydown 47789QAC4 114,681.37 JDOT 2021-B A3 0.52 03/16/2026 9,504.58 9,504.58 07/15/2024 Coupon 47800AAC4 352,062.62 JDOT 2022-B A3 3.74 02/16/2027 1,097.26 1,097.26 07/15/2024 Principal Paydown 47800AAC4 352,062.62 JDOT 2022-B A3 3.74 02/16/2027 17,853.42 17,853.42 CONFIDENTIAL | 36
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 Execution Time: 07/10/2024 12:42:39 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 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 18,024.47 18,024.47 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 234,053.68 TAOT 2022-B A3 2.93 09/15/2026 571.48 571.48 07/15/2024 Principal Paydown 89238FAD5 234,053.68 TAOT 2022-B A3 2.93 09/15/2026 18,547.35 18,547.35 07/15/2024 Dividend 90LAIF$00 63,207,879.33 Local Agency Investment Fund State Pool 453,013.85 453,013.85 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 105,107.76 GMCAR 2021-4 A3 0.68 09/16/2026 60.15 60.15 07/16/2024 Principal Paydown 362554AC1 105,107.76 GMCAR 2021-4 A3 0.68 09/16/2026 9,288.35 9,288.35 07/16/2024 Coupon 362585AC5 224,961.25 GMCAR 2022-2 A3 3.1 02/16/2027 576.27 576.27 07/16/2024 Principal Paydown 362585AC5 224,961.25 GMCAR 2022-2 A3 3.1 02/16/2027 16,189.60 16,189.60 07/16/2024 Coupon 380146AC4 107,163.02 GMCAR 2022-1 A3 1.26 11/16/2026 112.42 112.42 07/16/2024 Principal Paydown 380146AC4 107,163.02 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 123,868.37 HAROT 2021-4 A3 0.88 01/21/2026 90.84 90.84 07/22/2024 Principal Paydown 43815GAC3 123,868.37 HAROT 2021-4 A3 0.88 01/21/2026 13,084.79 13,084.79 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 202,220.66 BMWOT 2022-A A3 3.21 08/25/2026 540.94 540.94 07/25/2024 Principal Paydown 05602RAD3 202,220.66 BMWOT 2022-A A3 3.21 08/25/2026 17,907.81 17,907.81 07/25/2024 Coupon 3137BFE98 757,341.55 FHMS K-041 A2 3.171 10/25/2024 2,001.28 2,001.28 07/25/2024 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 07/30/2024 Final Maturity 912797KR7 15,000,000.00 UNITED STATES TREASURY 07/30/2024 15,000,000.00 15,000,000.00 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 15,929,486.26 326,971.44 16,256,457.70
AUGUST 2024
CONFIDENTIAL | 37
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 Execution Time: 07/10/2024 12:42:39 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 08/01/2024 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
08/15/2024 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 309,596.47 HAROT 2022-1 A3 1.88 05/15/2026 442.35 442.35 08/15/2024 Principal Paydown 43815BAC4 309,596.47 HAROT 2022-1 A3 1.88 05/15/2026 26,460.00 26,460.00 08/15/2024 Coupon 44934KAC8 150,544.62 HART 2021-B A3 0.38 01/15/2026 58.01 58.01 08/15/2024 Principal Paydown 44934KAC8 150,544.62 HART 2021-B A3 0.38 01/15/2026 33,727.91 33,727.91 08/15/2024 Coupon 44935FAD6 83,162.27 HART 2021-C A3 0.74 05/15/2026 44.92 44.92 08/15/2024 Principal Paydown 44935FAD6 83,162.27 HART 2021-C A3 0.74 05/15/2026 10,000.67 10,000.67 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 169,357.55 JDOT 2022 A3 0.36 09/15/2026 296.99 296.99 08/15/2024 Principal Paydown 47787JAC2 169,357.55 JDOT 2022 A3 0.36 09/15/2026 13,194.15 13,194.15 08/15/2024 Coupon 47788UAC6 22,412.35 JDOT 2021 A3 0.36 09/15/2025 4.89 4.89 08/15/2024 Principal Paydown 47788UAC6 22,412.35 JDOT 2021 A3 0.36 09/15/2025 7,149.88 7,149.88 08/15/2024 Coupon 47789QAC4 114,681.37 JDOT 2021-B A3 0.52 03/16/2026 45.58 45.58 08/15/2024 Principal Paydown 47789QAC4 114,681.37 JDOT 2021-B A3 0.52 03/16/2026 10,358.90 10,358.90 08/15/2024 Coupon 47800AAC4 352,062.62 JDOT 2022-B A3 3.74 02/16/2027 1,041.62 1,041.62 08/15/2024 Principal Paydown 47800AAC4 352,062.62 JDOT 2022-B A3 3.74 02/16/2027 16,200.76 16,200.76 08/15/2024 Coupon 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 3,894.37 3,894.37 08/15/2024 Principal Paydown 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 50,446.19 50,446.19 08/15/2024 Coupon 89238FAD5 234,053.68 TAOT 2022-B A3 2.93 09/15/2026 526.19 526.19 08/15/2024 Principal Paydown 89238FAD5 234,053.68 TAOT 2022-B A3 2.93 09/15/2026 17,994.01 17,994.01 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 105,107.76 GMCAR 2021-4 A3 0.68 09/16/2026 54.88 54.88 08/16/2024 Principal Paydown 362554AC1 105,107.76 GMCAR 2021-4 A3 0.68 09/16/2026 9,001.57 9,001.57 CONFIDENTIAL | 38
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 Execution Time: 07/10/2024 12:42:39 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 08/16/2024 Coupon 362585AC5 224,961.25 GMCAR 2022-2 A3 3.1 02/16/2027 534.45 534.45 08/16/2024 Principal Paydown 362585AC5 224,961.25 GMCAR 2022-2 A3 3.1 02/16/2027 15,595.28 15,595.28 08/16/2024 Coupon 380146AC4 107,163.02 GMCAR 2022-1 A3 1.26 11/16/2026 102.74 102.74 08/16/2024 Principal Paydown 380146AC4 107,163.02 GMCAR 2022-1 A3 1.26 11/16/2026 8,755.49 8,755.49 08/20/2024 Final Maturity 912797KY2 20,000,000.00 UNITED STATES TREASURY 08/20/2024 20,000,000.00 20,000,000.00 08/21/2024 Coupon 43815GAC3 123,868.37 HAROT 2021-4 A3 0.88 01/21/2026 81.24 81.24 08/21/2024 Principal Paydown 43815GAC3 123,868.37 HAROT 2021-4 A3 0.88 01/21/2026 12,711.30 12,711.30 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 202,220.66 BMWOT 2022-A A3 3.21 08/25/2026 493.04 493.04 08/26/2024 Principal Paydown 05602RAD3 202,220.66 BMWOT 2022-A A3 3.21 08/25/2026 17,254.18 17,254.18 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 757,341.55 FHMS K-041 A2 3.171 10/25/2024 1,996.38 1,996.38 08/26/2024 Principal Paydown 3137BFE98 757,341.55 FHMS K-041 A2 3.171 10/25/2024 194,458.63 194,458.63 08/26/2024 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 08/27/2024 Coupon 14913UAJ9 450,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.85 02/27/2029 10,912.50 10,912.50
August 2024 Total 20,443,308.93 153,631.49 20,596,940.42 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 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 CONFIDENTIAL | 39
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 Execution Time: 07/10/2024 12:42:39 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 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 105,107.76 GMCAR 2021-4 A3 0.68 09/16/2026 49.78 49.78 09/16/2024 Principal Paydown 362554AC1 105,107.76 GMCAR 2021-4 A3 0.68 09/16/2026 8,813.12 8,813.12 09/16/2024 Coupon 362585AC5 224,961.25 GMCAR 2022-2 A3 3.1 02/16/2027 494.16 494.16 09/16/2024 Principal Paydown 362585AC5 224,961.25 GMCAR 2022-2 A3 3.1 02/16/2027 15,208.47 15,208.47 09/16/2024 Coupon 380146AC4 107,163.02 GMCAR 2022-1 A3 1.26 11/16/2026 93.55 93.55 09/16/2024 Principal Paydown 380146AC4 107,163.02 GMCAR 2022-1 A3 1.26 11/16/2026 8,552.66 8,552.66 09/16/2024 Coupon 43815BAC4 309,596.47 HAROT 2022-1 A3 1.88 05/15/2026 400.90 400.90 09/16/2024 Principal Paydown 43815BAC4 309,596.47 HAROT 2022-1 A3 1.88 05/15/2026 25,806.49 25,806.49 09/16/2024 Coupon 44934KAC8 150,544.62 HART 2021-B A3 0.38 01/15/2026 41.43 41.43 09/16/2024 Principal Paydown 44934KAC8 150,544.62 HART 2021-B A3 0.38 01/15/2026 32,886.23 32,886.23 09/16/2024 Coupon 44935FAD6 83,162.27 HART 2021-C A3 0.74 05/15/2026 38.75 38.75 09/16/2024 Principal Paydown 44935FAD6 83,162.27 HART 2021-C A3 0.74 05/15/2026 9,748.51 9,748.51 09/16/2024 Coupon 47787JAC2 169,357.55 JDOT 2022 A3 0.36 09/15/2026 271.48 271.48 09/16/2024 Principal Paydown 47787JAC2 169,357.55 JDOT 2022 A3 0.36 09/15/2026 13,042.78 13,042.78 09/16/2024 Coupon 47788UAC6 22,412.35 JDOT 2021 A3 0.36 09/15/2025 2.74 2.74 09/16/2024 Principal Paydown 47788UAC6 22,412.35 JDOT 2021 A3 0.36 09/15/2025 7,379.64 7,379.64 09/16/2024 Coupon 47789QAC4 114,681.37 JDOT 2021-B A3 0.52 03/16/2026 41.09 41.09 09/16/2024 Principal Paydown 47789QAC4 114,681.37 JDOT 2021-B A3 0.52 03/16/2026 10,224.02 10,224.02 09/16/2024 Coupon 47800AAC4 352,062.62 JDOT 2022-B A3 3.74 02/16/2027 991.13 991.13 09/16/2024 Principal Paydown 47800AAC4 352,062.62 JDOT 2022-B A3 3.74 02/16/2027 17,221.45 17,221.45 09/16/2024 Coupon 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 3,675.35 3,675.35 09/16/2024 Principal Paydown 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 49,185.20 49,185.20 09/16/2024 Coupon 89238FAD5 234,053.68 TAOT 2022-B A3 2.93 09/15/2026 482.26 482.26 09/16/2024 Principal Paydown 89238FAD5 234,053.68 TAOT 2022-B A3 2.93 09/15/2026 17,597.31 17,597.31 09/17/2024 Final Maturity 912797LH8 20,000,000.00 UNITED STATES TREASURY 09/17/2024 20,000,000.00 20,000,000.00 09/17/2024 Coupon 931142ER0 240,000.00 WALMART INC 1.05 09/17/2026 1,260.00 1,260.00 CONFIDENTIAL | 40
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 Execution Time: 07/10/2024 12:42:39 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 09/23/2024 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 123,868.37 HAROT 2021-4 A3 0.88 01/21/2026 71.92 71.92 09/23/2024 Principal Paydown 43815GAC3 123,868.37 HAROT 2021-4 A3 0.88 01/21/2026 12,384.78 12,384.78 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 202,220.66 BMWOT 2022-A A3 3.21 08/25/2026 446.88 446.88 09/25/2024 Principal Paydown 05602RAD3 202,220.66 BMWOT 2022-A A3 3.21 08/25/2026 15,923.21 15,923.21 09/25/2024 Coupon 3137BFE98 757,341.55 FHMS K-041 A2 3.171 10/25/2024 1,482.52 1,482.52 09/25/2024 Principal Paydown 3137BFE98 757,341.55 FHMS K-041 A2 3.171 10/25/2024 271,503.11 271,503.11 09/25/2024 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 09/26/2024 Final Maturity 912797KM8 25,000,000.00 UNITED STATES TREASURY 09/26/2024 25,000,000.00 25,000,000.00 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 45,515,476.97 364,929.34 45,880,406.31
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 309,596.47 HAROT 2022-1 A3 1.88 05/15/2026 360.47 360.47 10/15/2024 Principal Paydown 43815BAC4 309,596.47 HAROT 2022-1 A3 1.88 05/15/2026 24,842.98 24,842.98 10/15/2024 Coupon 44934KAC8 150,544.62 HART 2021-B A3 0.38 01/15/2026 25.26 25.26 10/15/2024 Principal Paydown 44934KAC8 150,544.62 HART 2021-B A3 0.38 01/15/2026 31,592.82 31,592.82 10/15/2024 Coupon 44935FAD6 83,162.27 HART 2021-C A3 0.74 05/15/2026 32.74 32.74 10/15/2024 Principal Paydown 44935FAD6 83,162.27 HART 2021-C A3 0.74 05/15/2026 9,352.12 9,352.12 10/15/2024 Coupon 47787JAC2 169,357.55 JDOT 2022 A3 0.36 09/15/2026 246.26 246.26 CONFIDENTIAL | 41
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 Execution Time: 07/10/2024 12:42:39 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 47787JAC2 169,357.55 JDOT 2022 A3 0.36 09/15/2026 14,426.75 14,426.75 10/15/2024 Coupon 47788UAC6 22,412.35 JDOT 2021 A3 0.36 09/15/2025 0.53 0.53 10/15/2024 Effective Maturity 47788UAC6 22,412.35 JDOT 2021 A3 0.36 09/15/2025 1,757.02 1,757.02 10/15/2024 Coupon 47789QAC4 114,681.37 JDOT 2021-B A3 0.52 03/16/2026 36.66 36.66 10/15/2024 Principal Paydown 47789QAC4 114,681.37 JDOT 2021-B A3 0.52 03/16/2026 10,726.39 10,726.39 10/15/2024 Coupon 47800AAC4 352,062.62 JDOT 2022-B A3 3.74 02/16/2027 937.45 937.45 10/15/2024 Principal Paydown 47800AAC4 352,062.62 JDOT 2022-B A3 3.74 02/16/2027 19,308.78 19,308.78 10/15/2024 Coupon 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 3,461.80 3,461.80 10/15/2024 Principal Paydown 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 47,065.11 47,065.11 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 234,053.68 TAOT 2022-B A3 2.93 09/15/2026 439.29 439.29 10/15/2024 Principal Paydown 89238FAD5 234,053.68 TAOT 2022-B A3 2.93 09/15/2026 16,939.49 16,939.49 10/16/2024 Coupon 362554AC1 105,107.76 GMCAR 2021-4 A3 0.68 09/16/2026 44.79 44.79 10/16/2024 Principal Paydown 362554AC1 105,107.76 GMCAR 2021-4 A3 0.68 09/16/2026 8,476.52 8,476.52 10/16/2024 Coupon 362585AC5 224,961.25 GMCAR 2022-2 A3 3.1 02/16/2027 454.87 454.87 10/16/2024 Principal Paydown 362585AC5 224,961.25 GMCAR 2022-2 A3 3.1 02/16/2027 14,421.33 14,421.33 10/16/2024 Coupon 380146AC4 107,163.02 GMCAR 2022-1 A3 1.26 11/16/2026 84.57 84.57 10/16/2024 Principal Paydown 380146AC4 107,163.02 GMCAR 2022-1 A3 1.26 11/16/2026 8,209.22 8,209.22 10/21/2024 Coupon 43815GAC3 123,868.37 HAROT 2021-4 A3 0.88 01/21/2026 62.84 62.84 10/21/2024 Principal Paydown 43815GAC3 123,868.37 HAROT 2021-4 A3 0.88 01/21/2026 11,929.01 11,929.01 10/21/2024 Coupon 61747YFD2 1,200,000.00 MORGAN STANLEY 5.164 04/20/2029 30,984.00 30,984.00 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 202,220.66 BMWOT 2022-A A3 3.21 08/25/2026 404.29 404.29 10/25/2024 Principal Paydown 05602RAD3 202,220.66 BMWOT 2022-A A3 3.21 08/25/2026 15,222.41 15,222.41 10/25/2024 Coupon 3137BFE98 757,341.55 FHMS K-041 A2 3.171 10/25/2024 765.07 765.07 10/25/2024 Final Maturity 3137BFE98 757,341.55 FHMS K-041 A2 3.171 10/25/2024 289,526.00 289,526.00 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 CONFIDENTIAL | 42
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 Execution Time: 07/10/2024 12:42:39 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 10/31/2024 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 10/31/2024 Coupon 91282CKP5 1,000,000.00 UNITED STATES TREASURY 4.625 04/30/2029 23,125.00 23,125.00 October 2024
Total 523,795.96 227,700.67 751,496.63
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 11/15/2024 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 309,596.47 HAROT 2022-1 A3 1.88 05/15/2026 321.55 321.55 11/15/2024 Principal Paydown 43815BAC4 309,596.47 HAROT 2022-1 A3 1.88 05/15/2026 22,766.46 22,766.46 11/15/2024 Coupon 44934KAC8 150,544.62 HART 2021-B A3 0.38 01/15/2026 9.73 9.73 11/15/2024 Effective Maturity 44934KAC8 150,544.62 HART 2021-B A3 0.38 01/15/2026 19,785.38 19,785.38 11/15/2024 Coupon 44935FAD6 83,162.27 HART 2021-C A3 0.74 05/15/2026 26.97 26.97 11/15/2024 Principal Paydown 44935FAD6 83,162.27 HART 2021-C A3 0.74 05/15/2026 9,115.90 9,115.90 11/15/2024 Coupon 47787JAC2 169,357.55 JDOT 2022 A3 0.36 09/15/2026 218.37 218.37 11/15/2024 Principal Paydown 47787JAC2 169,357.55 JDOT 2022 A3 0.36 09/15/2026 15,467.51 15,467.51 11/15/2024 Coupon 47789QAC4 114,681.37 JDOT 2021-B A3 0.52 03/16/2026 32.01 32.01 11/15/2024 Principal Paydown 47789QAC4 114,681.37 JDOT 2021-B A3 0.52 03/16/2026 12,740.37 12,740.37 11/15/2024 Coupon 47800AAC4 352,062.62 JDOT 2022-B A3 3.74 02/16/2027 877.27 877.27 11/15/2024 Principal Paydown 47800AAC4 352,062.62 JDOT 2022-B A3 3.74 02/16/2027 20,121.00 20,121.00 11/15/2024 Coupon 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 3,257.46 3,257.46 11/15/2024 Principal Paydown 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 45,940.69 45,940.69 11/15/2024 Coupon 89238FAD5 234,053.68 TAOT 2022-B A3 2.93 09/15/2026 397.93 397.93 11/15/2024 Principal Paydown 89238FAD5 234,053.68 TAOT 2022-B A3 2.93 09/15/2026 15,602.92 15,602.92 CONFIDENTIAL | 43
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 Execution Time: 07/10/2024 12:42:39 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 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 105,107.76 GMCAR 2021-4 A3 0.68 09/16/2026 39.98 39.98 11/18/2024 Principal Paydown 362554AC1 105,107.76 GMCAR 2021-4 A3 0.68 09/16/2026 8,282.01 8,282.01 11/18/2024 Coupon 362585AC5 224,961.25 GMCAR 2022-2 A3 3.1 02/16/2027 417.62 417.62 11/18/2024 Principal Paydown 362585AC5 224,961.25 GMCAR 2022-2 A3 3.1 02/16/2027 13,214.16 13,214.16 11/18/2024 Coupon 380146AC4 107,163.02 GMCAR 2022-1 A3 1.26 11/16/2026 75.95 75.95 11/18/2024 Principal Paydown 380146AC4 107,163.02 GMCAR 2022-1 A3 1.26 11/16/2026 8,020.17 8,020.17 11/18/2024 Coupon 89236TMF9 500,000.00 TOYOTA MOTOR CREDIT CORP 5.05 05/16/2029 12,625.00 12,625.00 11/21/2024 Coupon 43815GAC3 123,868.37 HAROT 2021-4 A3 0.88 01/21/2026 54.09 54.09 11/21/2024 Principal Paydown 43815GAC3 123,868.37 HAROT 2021-4 A3 0.88 01/21/2026 11,610.77 11,610.77 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 202,220.66 BMWOT 2022-A A3 3.21 08/25/2026 363.57 363.57 11/25/2024 Principal Paydown 05602RAD3 202,220.66 BMWOT 2022-A A3 3.21 08/25/2026 14,772.88 14,772.88 11/25/2024 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 November 2024
Total 217,440.23 103,175.41 320,615.64
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 12/02/2024 Coupon 91282CKT7 1,250,000.00 UNITED STATES TREASURY 4.5 05/31/2029 28,125.00 28,125.00 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 12/12/2024 Coupon 91159HJM3 1,100,000.00 US BANCORP 5.775 06/12/2029 31,762.50 31,762.50 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 CONFIDENTIAL | 44
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 Execution Time: 07/10/2024 12:42:39 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 3133EPN50 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.25 12/15/2028 21,250.00 21,250.00
12/16/2024 Coupon 362554AC1 105,107.76 GMCAR 2021-4 A3 0.68 09/16/2026 35.29 35.29 12/16/2024 Principal Paydown 362554AC1 105,107.76 GMCAR 2021-4 A3 0.68 09/16/2026 7,889.51 7,889.51 12/16/2024 Coupon 362585AC5 224,961.25 GMCAR 2022-2 A3 3.1 02/16/2027 383.48 383.48 12/16/2024 Principal Paydown 362585AC5 224,961.25 GMCAR 2022-2 A3 3.1 02/16/2027 12,359.88 12,359.88 12/16/2024 Coupon 380146AC4 107,163.02 GMCAR 2022-1 A3 1.26 11/16/2026 67.53 67.53 12/16/2024 Principal Paydown 380146AC4 107,163.02 GMCAR 2022-1 A3 1.26 11/16/2026 7,603.12 7,603.12 12/16/2024 Coupon 43815BAC4 309,596.47 HAROT 2022-1 A3 1.88 05/15/2026 285.88 285.88 12/16/2024 Principal Paydown 43815BAC4 309,596.47 HAROT 2022-1 A3 1.88 05/15/2026 21,685.99 21,685.99 12/16/2024 Coupon 44935FAD6 83,162.27 HART 2021-C A3 0.74 05/15/2026 21.35 21.35 12/16/2024 Principal Paydown 44935FAD6 83,162.27 HART 2021-C A3 0.74 05/15/2026 8,669.73 8,669.73 12/16/2024 Coupon 47787JAC2 169,357.55 JDOT 2022 A3 0.36 09/15/2026 188.47 188.47 12/16/2024 Principal Paydown 47787JAC2 169,357.55 JDOT 2022 A3 0.36 09/15/2026 11,035.09 11,035.09 12/16/2024 Coupon 47789QAC4 114,681.37 JDOT 2021-B A3 0.52 03/16/2026 26.49 26.49 12/16/2024 Principal Paydown 47789QAC4 114,681.37 JDOT 2021-B A3 0.52 03/16/2026 9,102.22 9,102.22 12/16/2024 Coupon 47800AAC4 352,062.62 JDOT 2022-B A3 3.74 02/16/2027 814.56 814.56 12/16/2024 Principal Paydown 47800AAC4 352,062.62 JDOT 2022-B A3 3.74 02/16/2027 15,926.26 15,926.26 12/16/2024 Coupon 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 3,058.00 3,058.00 12/16/2024 Principal Paydown 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 43,347.76 43,347.76 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 234,053.68 TAOT 2022-B A3 2.93 09/15/2026 359.83 359.83 12/16/2024 Principal Paydown 89238FAD5 234,053.68 TAOT 2022-B A3 2.93 09/15/2026 14,196.22 14,196.22 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 123,868.37 HAROT 2021-4 A3 0.88 01/21/2026 45.58 45.58 12/23/2024 Principal Paydown 43815GAC3 123,868.37 HAROT 2021-4 A3 0.88 01/21/2026 11,096.99 11,096.99 12/25/2024 Coupon 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 820.50 820.50 CONFIDENTIAL | 45
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 Execution Time: 07/10/2024 12:42:39 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 12/25/2024 Coupon 05602RAD3 202,220.66 BMWOT 2022-A A3 3.21 08/25/2026 324.05 324.05 12/25/2024 Principal Paydown 05602RAD3 202,220.66 BMWOT 2022-A A3 3.21 08/25/2026 14,014.17 14,014.17 12/25/2024 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 12/26/2024 Coupon 437076DC3 425,000.00 HOME DEPOT INC 4.75 06/25/2029 10,093.75 10,093.75 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 176,926.95 310,942.17 487,869.12
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 309,596.47 HAROT 2022-1 A3 1.88 05/15/2026 251.90 251.90 01/15/2025 Principal Paydown 43815BAC4 309,596.47 HAROT 2022-1 A3 1.88 05/15/2026 21,179.60 21,179.60 01/15/2025 Coupon 44935FAD6 83,162.27 HART 2021-C A3 0.74 05/15/2026 16.00 16.00 01/15/2025 Principal Paydown 44935FAD6 83,162.27 HART 2021-C A3 0.74 05/15/2026 8,479.14 8,479.14 01/15/2025 Coupon 47787JAC2 169,357.55 JDOT 2022 A3 0.36 09/15/2026 167.13 167.13 01/15/2025 Principal Paydown 47787JAC2 169,357.55 JDOT 2022 A3 0.36 09/15/2026 12,944.89 12,944.89 01/15/2025 Coupon 47789QAC4 114,681.37 JDOT 2021-B A3 0.52 03/16/2026 22.54 22.54 01/15/2025 Principal Paydown 47789QAC4 114,681.37 JDOT 2021-B A3 0.52 03/16/2026 16,437.89 16,437.89 01/15/2025 Coupon 47800AAC4 352,062.62 JDOT 2022-B A3 3.74 02/16/2027 764.93 764.93 01/15/2025 Principal Paydown 47800AAC4 352,062.62 JDOT 2022-B A3 3.74 02/16/2027 24,735.39 24,735.39 01/15/2025 Coupon 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 2,869.80 2,869.80 01/15/2025 Principal Paydown 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 42,477.12 42,477.12 01/15/2025 Coupon 756109AU8 1,000,000.00 REALTY INCOME CORP 3.65 01/15/2028 18,250.00 18,250.00 CONFIDENTIAL | 46
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 Execution Time: 07/10/2024 12:42:39 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 01/15/2025 Coupon 87612EBM7 545,000.00 TARGET CORP 1.95 01/15/2027 5,313.75 5,313.75 01/15/2025 Coupon 89238FAD5 234,053.68 TAOT 2022-B A3 2.93 09/15/2026 325.17 325.17 01/15/2025 Principal Paydown 89238FAD5 234,053.68 TAOT 2022-B A3 2.93 09/15/2026 13,593.55 13,593.55 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 105,107.76 GMCAR 2021-4 A3 0.68 09/16/2026 30.82 30.82 01/16/2025 Principal Paydown 362554AC1 105,107.76 GMCAR 2021-4 A3 0.68 09/16/2026 7,740.15 7,740.15 01/16/2025 Coupon 362585AC5 224,961.25 GMCAR 2022-2 A3 3.1 02/16/2027 351.55 351.55 01/16/2025 Principal Paydown 362585AC5 224,961.25 GMCAR 2022-2 A3 3.1 02/16/2027 12,080.84 12,080.84 01/16/2025 Coupon 380146AC4 107,163.02 GMCAR 2022-1 A3 1.26 11/16/2026 59.54 59.54 01/16/2025 Principal Paydown 380146AC4 107,163.02 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 123,868.37 HAROT 2021-4 A3 0.88 01/21/2026 37.44 37.44 01/21/2025 Principal Paydown 43815GAC3 123,868.37 HAROT 2021-4 A3 0.88 01/21/2026 10,834.60 10,834.60 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 202,220.66 BMWOT 2022-A A3 3.21 08/25/2026 286.56 286.56 01/27/2025 Principal Paydown 05602RAD3 202,220.66 BMWOT 2022-A A3 3.21 08/25/2026 13,671.47 13,671.47 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 191,639.60 247,714.93 439,354.54
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
02/17/2025 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 CONFIDENTIAL | 47
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 Execution Time: 07/10/2024 12:42:39 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 Coupon 362554AC1 105,107.76 GMCAR 2021-4 A3 0.68 09/16/2026 26.43 26.43 02/17/2025 Principal Paydown 362554AC1 105,107.76 GMCAR 2021-4 A3 0.68 09/16/2026 7,629.25 7,629.25 02/17/2025 Coupon 362585AC5 224,961.25 GMCAR 2022-2 A3 3.1 02/16/2027 320.34 320.34 02/17/2025 Principal Paydown 362585AC5 224,961.25 GMCAR 2022-2 A3 3.1 02/16/2027 11,886.43 11,886.43 02/17/2025 Coupon 380146AC4 107,163.02 GMCAR 2022-1 A3 1.26 11/16/2026 51.70 51.70 02/17/2025 Principal Paydown 380146AC4 107,163.02 GMCAR 2022-1 A3 1.26 11/16/2026 7,365.75 7,365.75 02/17/2025 Coupon 43815BAC4 309,596.47 HAROT 2022-1 A3 1.88 05/15/2026 218.72 218.72 02/17/2025 Principal Paydown 43815BAC4 309,596.47 HAROT 2022-1 A3 1.88 05/15/2026 20,765.69 20,765.69 02/17/2025 Coupon 44935FAD6 83,162.27 HART 2021-C A3 0.74 05/15/2026 10.77 10.77 02/17/2025 Principal Paydown 44935FAD6 83,162.27 HART 2021-C A3 0.74 05/15/2026 8,330.16 8,330.16 02/17/2025 Coupon 47787JAC2 169,357.55 JDOT 2022 A3 0.36 09/15/2026 142.11 142.11 02/17/2025 Principal Paydown 47787JAC2 169,357.55 JDOT 2022 A3 0.36 09/15/2026 9,792.38 9,792.38 02/17/2025 Coupon 47789QAC4 114,681.37 JDOT 2021-B A3 0.52 03/16/2026 15.42 15.42 02/17/2025 Principal Paydown 47789QAC4 114,681.37 JDOT 2021-B A3 0.52 03/16/2026 14,572.93 14,572.93 02/17/2025 Coupon 47800AAC4 352,062.62 JDOT 2022-B A3 3.74 02/16/2027 687.83 687.83 02/17/2025 Principal Paydown 47800AAC4 352,062.62 JDOT 2022-B A3 3.74 02/16/2027 20,578.51 20,578.51 02/17/2025 Coupon 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 2,685.38 2,685.38 02/17/2025 Principal Paydown 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 41,892.36 41,892.36 02/17/2025 Coupon 89238FAD5 234,053.68 TAOT 2022-B A3 2.93 09/15/2026 291.98 291.98 02/17/2025 Principal Paydown 89238FAD5 234,053.68 TAOT 2022-B A3 2.93 09/15/2026 13,408.69 13,408.69 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 123,868.37 HAROT 2021-4 A3 0.88 01/21/2026 29.49 29.49 02/21/2025 Principal Paydown 43815GAC3 123,868.37 HAROT 2021-4 A3 0.88 01/21/2026 10,611.66 10,611.66 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 202,220.66 BMWOT 2022-A A3 3.21 08/25/2026 249.99 249.99 02/25/2025 Principal Paydown 05602RAD3 202,220.66 BMWOT 2022-A A3 3.21 08/25/2026 12,123.60 12,123.60 CONFIDENTIAL | 48
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 Execution Time: 07/10/2024 12:42:39 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 02/25/2025 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 02/27/2025 Coupon 14913UAJ9 450,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.85 02/27/2029 10,912.50 10,912.50
02/28/2025 Coupon 91282CCW9 2,250,000.00 UNITED STATES TREASURY 0.75 08/31/2026 8,437.50 8,437.50 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 178,957.43 224,720.59 403,678.02
MARCH 2025
03/03/2025 Coupon 808513BY0 1,000,000.00 CHARLES SCHWAB CORP 2.45 03/03/2027 12,250.00 12,250.00 03/10/2025 Coupon 3130AVBD3 1,000,000.00 FEDERAL HOME LOAN BANKS 4.5 03/09/2029 22,500.00 22,500.00 03/10/2025 Coupon 3130AWTR1 1,000,000.00 FEDERAL HOME LOAN BANKS 4.375 09/08/2028 21,875.00 21,875.00
03/10/2025 Coupon 931142EX7 500,000.00 WALMART INC 3.95 09/09/2027 9,875.00 9,875.00 03/14/2025 Coupon 3130A4CH3 1,750,000.00 FEDERAL HOME LOAN BANKS 2.375 03/14/2025 20,781.25 20,781.25
03/14/2025 Final Maturity 3130A4CH3 1,750,000.00 FEDERAL HOME LOAN BANKS 2.375 03/14/2025 1,750,000.00 1,750,000.00
03/17/2025 Coupon 00440EAS6 1,150,000.00 CHUBB INA HOLDINGS LLC 3.15 03/15/2025 18,112.50 18,112.50 03/17/2025 Final Maturity 00440EAS6 1,150,000.00 CHUBB INA HOLDINGS LLC 3.15 03/15/2025 1,150,000.00 1,150,000.00 03/17/2025 Coupon 02582JJT8 840,000.00 AMXCA 2022-2 A 05/17/2027 2,373.00 2,373.00 03/17/2025 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,521.88 1,521.88 03/17/2025 Coupon 084664CZ2 1,095,000.00 BERKSHIRE HATHAWAY FINANCE CORP 2.3 03/15/2027 12,592.50 12,592.50
03/17/2025 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 03/17/2025 Coupon 362554AC1 105,107.76 GMCAR 2021-4 A3 0.68 09/16/2026 22.11 22.11 03/17/2025 Principal Paydown 362554AC1 105,107.76 GMCAR 2021-4 A3 0.68 09/16/2026 7,429.33 7,429.33 03/17/2025 Coupon 362585AC5 224,961.25 GMCAR 2022-2 A3 3.1 02/16/2027 289.63 289.63 03/17/2025 Principal Paydown 362585AC5 224,961.25 GMCAR 2022-2 A3 3.1 02/16/2027 11,495.18 11,495.18 03/17/2025 Coupon 380146AC4 107,163.02 GMCAR 2022-1 A3 1.26 11/16/2026 43.97 43.97 CONFIDENTIAL | 49
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 Execution Time: 07/10/2024 12:42:39 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 03/17/2025 Principal Paydown 380146AC4 107,163.02 GMCAR 2022-1 A3 1.26 11/16/2026 7,147.82 7,147.82 03/17/2025 Coupon 43815BAC4 309,596.47 HAROT 2022-1 A3 1.88 05/15/2026 186.19 186.19 03/17/2025 Principal Paydown 43815BAC4 309,596.47 HAROT 2022-1 A3 1.88 05/15/2026 20,132.06 20,132.06 03/17/2025 Coupon 44935FAD6 83,162.27 HART 2021-C A3 0.74 05/15/2026 5.64 5.64 03/17/2025 Principal Paydown 44935FAD6 83,162.27 HART 2021-C A3 0.74 05/15/2026 8,080.01 8,080.01 03/17/2025 Coupon 47787JAC2 169,357.55 JDOT 2022 A3 0.36 09/15/2026 123.17 123.17 03/17/2025 Principal Paydown 47787JAC2 169,357.55 JDOT 2022 A3 0.36 09/15/2026 8,000.37 8,000.37 03/17/2025 Coupon 47789QAC4 114,681.37 JDOT 2021-B A3 0.52 03/16/2026 9.11 9.11 03/17/2025 Principal Paydown 47789QAC4 114,681.37 JDOT 2021-B A3 0.52 03/16/2026 12,266.32 12,266.32 03/17/2025 Coupon 47800AAC4 352,062.62 JDOT 2022-B A3 3.74 02/16/2027 623.70 623.70 03/17/2025 Principal Paydown 47800AAC4 352,062.62 JDOT 2022-B A3 3.74 02/16/2027 18,103.55 18,103.55 03/17/2025 Coupon 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 2,503.50 2,503.50 03/17/2025 Principal Paydown 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 40,577.61 40,577.61 03/17/2025 Coupon 89238FAD5 234,053.68 TAOT 2022-B A3 2.93 09/15/2026 259.24 259.24 03/17/2025 Principal Paydown 89238FAD5 234,053.68 TAOT 2022-B A3 2.93 09/15/2026 13,065.47 13,065.47 03/17/2025 Coupon 931142ER0 240,000.00 WALMART INC 1.05 09/17/2026 1,260.00 1,260.00 03/21/2025 Coupon 43815GAC3 123,868.37 HAROT 2021-4 A3 0.88 01/21/2026 21.71 21.71 03/21/2025 Principal Paydown 43815GAC3 123,868.37 HAROT 2021-4 A3 0.88 01/21/2026 10,299.23 10,299.23 03/24/2025 Coupon 3137EAEX3 1,560,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.375 09/23/2025 2,925.00 2,925.00
03/25/2025 Coupon 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 820.50 820.50 03/25/2025 Principal Paydown 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 3,972.94 3,972.94 03/25/2025 Coupon 05602RAD3 202,220.66 BMWOT 2022-A A3 3.21 08/25/2026 217.56 217.56 03/25/2025 Principal Paydown 05602RAD3 202,220.66 BMWOT 2022-A A3 3.21 08/25/2026 11,459.58 11,459.58 03/25/2025 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 03/31/2025 Coupon 91282CBT7 1,500,000.00 UNITED STATES TREASURY 0.75 03/31/2026 5,625.00 5,625.00 03/31/2025 Coupon 91282CEF4 1,250,000.00 UNITED STATES TREASURY 2.5 03/31/2027 15,625.00 15,625.00 03/31/2025 Coupon 91282CFM8 1,000,000.00 UNITED STATES TREASURY 4.125 09/30/2027 20,625.00 20,625.00 03/31/2025 Coupon 91282CGT2 1,750,000.00 UNITED STATES TREASURY 3.625 03/31/2028 31,718.75 31,718.75 03/31/2025 Coupon 91282CJA0 1,850,000.00 UNITED STATES TREASURY 4.625 09/30/2028 42,781.25 42,781.25 03/31/2025 Coupon 91282CKG5 1,200,000.00 UNITED STATES TREASURY 4.125 03/31/2029 24,750.00 24,750.00 March 2025 Total 3,072,029.48 282,525.94 3,354,555.43
CONFIDENTIAL | 50
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 Execution Time: 07/10/2024 12:42:39 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 2025
04/14/2025 Coupon 023135CF1 750,000.00 AMAZON.COM INC 3.3 04/13/2027 12,375.00 12,375.00 04/14/2025 Coupon 3130AJHU6 1,900,000.00 FEDERAL HOME LOAN BANKS 0.5 04/14/2025 4,750.00 4,750.00 04/14/2025 Final Maturity 3130AJHU6 1,900,000.00 FEDERAL HOME LOAN BANKS 0.5 04/14/2025 1,900,000.00 1,900,000.00 04/15/2025 Coupon 02582JJT8 840,000.00 AMXCA 2022-2 A 05/17/2027 2,373.00 2,373.00 04/15/2025 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,521.88 1,521.88 04/15/2025 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 04/15/2025 Coupon 43815BAC4 309,596.47 HAROT 2022-1 A3 1.88 05/15/2026 154.65 154.65 04/15/2025 Principal Paydown 43815BAC4 309,596.47 HAROT 2022-1 A3 1.88 05/15/2026 20,353.78 20,353.78 04/15/2025 Coupon 44935FAD6 83,162.27 HART 2021-C A3 0.74 05/15/2026 0.65 0.65 04/15/2025 Effective Maturity 44935FAD6 83,162.27 HART 2021-C A3 0.74 05/15/2026 1,058.97 1,058.97 04/15/2025 Coupon 47787JAC2 169,357.55 JDOT 2022 A3 0.36 09/15/2026 107.71 107.71 04/15/2025 Principal Paydown 47787JAC2 169,357.55 JDOT 2022 A3 0.36 09/15/2026 10,173.45 10,173.45 04/15/2025 Coupon 47789QAC4 114,681.37 JDOT 2021-B A3 0.52 03/16/2026 3.79 3.79 04/15/2025 Effective Maturity 47789QAC4 114,681.37 JDOT 2021-B A3 0.52 03/16/2026 8,747.75 8,747.75 04/15/2025 Coupon 47800AAC4 352,062.62 JDOT 2022-B A3 3.74 02/16/2027 567.28 567.28 04/15/2025 Principal Paydown 47800AAC4 352,062.62 JDOT 2022-B A3 3.74 02/16/2027 24,223.49 24,223.49 04/15/2025 Coupon 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 2,327.32 2,327.32 04/15/2025 Principal Paydown 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 42,136.55 42,136.55 04/15/2025 Coupon 74340XBN0 1,000,000.00 PROLOGIS LP 2.125 04/15/2027 10,625.00 10,625.00 04/15/2025 Coupon 89238FAD5 234,053.68 TAOT 2022-B A3 2.93 09/15/2026 227.34 227.34 04/15/2025 Principal Paydown 89238FAD5 234,053.68 TAOT 2022-B A3 2.93 09/15/2026 13,419.50 13,419.50 04/16/2025 Coupon 362554AC1 105,107.76 GMCAR 2021-4 A3 0.68 09/16/2026 17.90 17.90 04/16/2025 Principal Paydown 362554AC1 105,107.76 GMCAR 2021-4 A3 0.68 09/16/2026 7,639.65 7,639.65 04/16/2025 Coupon 362585AC5 224,961.25 GMCAR 2022-2 A3 3.1 02/16/2027 259.94 259.94 04/16/2025 Principal Paydown 362585AC5 224,961.25 GMCAR 2022-2 A3 3.1 02/16/2027 12,015.80 12,015.80 04/16/2025 Coupon 380146AC4 107,163.02 GMCAR 2022-1 A3 1.26 11/16/2026 36.46 36.46 04/16/2025 Principal Paydown 380146AC4 107,163.02 GMCAR 2022-1 A3 1.26 11/16/2026 7,386.07 7,386.07 04/21/2025 Coupon 43815GAC3 123,868.37 HAROT 2021-4 A3 0.88 01/21/2026 14.16 14.16 04/21/2025 Principal Paydown 43815GAC3 123,868.37 HAROT 2021-4 A3 0.88 01/21/2026 10,330.62 10,330.62 04/21/2025 Coupon 61747YFD2 1,200,000.00 MORGAN STANLEY 5.164 04/20/2029 30,984.00 30,984.00 CONFIDENTIAL | 51
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 Execution Time: 07/10/2024 12:42:39 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 04/22/2025 Coupon 3135G03U5 805,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.625 04/22/2025 2,515.63 2,515.63
04/22/2025 Final Maturity 3135G03U5 805,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.625 04/22/2025 805,000.00 805,000.00
04/22/2025 Coupon 46647PBK1 500,000.00 JPMORGAN CHASE & CO 2.083 04/22/2026 5,207.50 5,207.50 04/22/2025 Effective Maturity 46647PBK1 500,000.00 JPMORGAN CHASE & CO 2.083 04/22/2026 500,000.00 500,000.00 04/25/2025 Coupon 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 802.39 802.39 04/25/2025 Principal Paydown 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 10,730.09 10,730.09 04/25/2025 Coupon 05602RAD3 202,220.66 BMWOT 2022-A A3 3.21 08/25/2026 186.91 186.91 04/25/2025 Principal Paydown 05602RAD3 202,220.66 BMWOT 2022-A A3 3.21 08/25/2026 11,745.20 11,745.20 04/25/2025 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 04/30/2025 Coupon 91282CBW0 1,000,000.00 UNITED STATES TREASURY 0.75 04/30/2026 3,750.00 3,750.00 04/30/2025 Coupon 91282CDG3 3,000,000.00 UNITED STATES TREASURY 1.125 10/31/2026 16,875.00 16,875.00 04/30/2025 Coupon 91282CEN7 2,500,000.00 UNITED STATES TREASURY 2.75 04/30/2027 34,375.00 34,375.00 04/30/2025 Coupon 91282CFU0 1,100,000.00 UNITED STATES TREASURY 4.125 10/31/2027 22,687.50 22,687.50 04/30/2025 Coupon 91282CHA2 2,180,000.00 UNITED STATES TREASURY 3.5 04/30/2028 38,150.00 38,150.00 04/30/2025 Coupon 91282CKP5 1,000,000.00 UNITED STATES TREASURY 4.625 04/30/2029 23,125.00 23,125.00 April 2025 Total 3,384,960.92 224,229.79 3,609,190.70
MAY 2025
05/01/2025 Coupon 06367WB85 1,150,000.00 BANK OF MONTREAL 1.85 05/01/2025 10,637.50 10,637.50 05/01/2025 Final Maturity 06367WB85 1,150,000.00 BANK OF MONTREAL 1.85 05/01/2025 1,150,000.00 1,150,000.00 05/01/2025 Coupon 74456QBU9 1,250,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.7 05/01/2028 23,125.00 23,125.00
05/07/2025 Coupon 3135G06G3 1,680,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.5 11/07/2025 4,200.00 4,200.00
05/12/2025 Coupon 037833ET3 205,000.00 APPLE INC 4.0 05/10/2028 4,100.00 4,100.00 05/15/2025 Coupon 02582JJT8 840,000.00 AMXCA 2022-2 A 05/17/2027 2,373.00 2,373.00 05/15/2025 Final Maturity 02582JJT8 840,000.00 AMXCA 2022-2 A 05/17/2027 840,000.00 840,000.00 05/15/2025 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2028 1,521.88 1,521.88 05/15/2025 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 05/15/2025 Coupon 43815BAC4 309,596.47 HAROT 2022-1 A3 1.88 05/15/2026 122.76 122.76 05/15/2025 Principal Paydown 43815BAC4 309,596.47 HAROT 2022-1 A3 1.88 05/15/2026 19,602.63 19,602.63 CONFIDENTIAL | 52
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 Execution Time: 07/10/2024 12:42:39 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 05/15/2025 Coupon 47787JAC2 169,357.55 JDOT 2022 A3 0.36 09/15/2026 88.04 88.04 05/15/2025 Principal Paydown 47787JAC2 169,357.55 JDOT 2022 A3 0.36 09/15/2026 9,337.65 9,337.65 05/15/2025 Coupon 47800AAC4 352,062.62 JDOT 2022-B A3 3.74 02/16/2027 491.78 491.78 05/15/2025 Principal Paydown 47800AAC4 352,062.62 JDOT 2022-B A3 3.74 02/16/2027 21,383.24 21,383.24 05/15/2025 Coupon 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 2,144.38 2,144.38 05/15/2025 Principal Paydown 58768PAC8 915,000.00 MBART 2022-1 A3 5.21 08/16/2027 40,458.32 40,458.32 05/15/2025 Coupon 89238FAD5 234,053.68 TAOT 2022-B A3 2.93 09/15/2026 194.57 194.57 05/15/2025 Principal Paydown 89238FAD5 234,053.68 TAOT 2022-B A3 2.93 09/15/2026 12,986.12 12,986.12 05/15/2025 Coupon 9128285M8 1,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 15,625.00 15,625.00 05/15/2025 Coupon 91324PEC2 1,245,000.00 UNITEDHEALTH GROUP INC 1.15 05/15/2026 7,158.75 7,158.75 05/15/2025 Coupon 927804GH1 250,000.00 VIRGINIA ELECTRIC AND POWER CO 3.75 05/15/2027 4,687.50 4,687.50
05/16/2025 Coupon 362554AC1 105,107.76 GMCAR 2021-4 A3 0.68 09/16/2026 13.57 13.57 05/16/2025 Principal Paydown 362554AC1 105,107.76 GMCAR 2021-4 A3 0.68 09/16/2026 7,388.44 7,388.44 05/16/2025 Coupon 362585AC5 224,961.25 GMCAR 2022-2 A3 3.1 02/16/2027 228.90 228.90 05/16/2025 Principal Paydown 362585AC5 224,961.25 GMCAR 2022-2 A3 3.1 02/16/2027 11,515.53 11,515.53 05/16/2025 Coupon 380146AC4 107,163.02 GMCAR 2022-1 A3 1.26 11/16/2026 28.71 28.71 05/16/2025 Principal Paydown 380146AC4 107,163.02 GMCAR 2022-1 A3 1.26 11/16/2026 7,109.44 7,109.44 05/16/2025 Coupon 89236TMF9 500,000.00 TOYOTA MOTOR CREDIT CORP 5.05 05/16/2029 12,625.00 12,625.00 05/21/2025 Coupon 43815GAC3 123,868.37 HAROT 2021-4 A3 0.88 01/21/2026 6.58 6.58 05/21/2025 Effective Maturity 43815GAC3 123,868.37 HAROT 2021-4 A3 0.88 01/21/2026 8,974.62 8,974.62 05/26/2025 Coupon 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 753.48 753.48 05/26/2025 Principal Paydown 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 10,196.49 10,196.49 05/26/2025 Coupon 05602RAD3 202,220.66 BMWOT 2022-A A3 3.21 08/25/2026 155.49 155.49 05/26/2025 Principal Paydown 05602RAD3 202,220.66 BMWOT 2022-A A3 3.21 08/25/2026 11,300.18 11,300.18 05/26/2025 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 May 2025 Total 2,150,252.66 100,490.67 2,250,743.33
Grand Total 427,391,557.54 91,784,275.39 2,567,032.46 94,351,307.84 CONFIDENTIAL | 53
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 Execution Time: 07/10/2024 12:42:39 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.

INVESTMENT REPORT
City of Vallejo | As of June 30, 2024
CHANDLER ASSET MANAGEMENT | chandlerasset.com
Chandler Team:

For questions about your account, please call (800) 317-4747, or contact [email protected]
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.

TABLE OF CONTENTS
City of Vallejo | Account #260 | As of June 30, 2024

ECONOMIC UPDATE

ACCOUNT PROFILE
1 ECONOMIC UPDATE
2 Economic Update
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▪
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Recent economic data suggests positive but slower growth this year fueled by consumer spending. While the consumer has been resilient, growing credit card debt, higher delinquencies, and a moderating labor market pose potential headwinds to future economic growth.

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 June meeting, the Federal Open Market Committee voted unanimously to leave the federal funds rate unchanged at a target range of 5.25-5.50%, emphasizing the need to see sustained evidence of easing inflation before considering any rate cuts. The FOMC's latest projections now suggest only one interest rate cut in 2024, with four more cuts expected in 2025 and a slightly higher long- term neutral rate. Additionally, the Fed continues to reduce its holdings of U.S. Treasury securities and agency mortgage-backed securities as per its predefined schedule of $25 billion and $35 billion per month.

The US Treasury yield curve shifted lower in June as economic data moderated. The 2-year Treasury yield fell 12 basis points to 4.76%, the 5-year Treasury dropped13 basis points to 4.38%, and the 10-year Treasury yield declined 10 basis points to 4.40%. The inversion between the 2-year Treasury yield and 10-year Treasury yield remained relatively stable at -36 basis points at June month-end versus -37 basis points at May month-end. The spread between the 2-year Treasury and 10-year Treasury yield one year ago was -106 basis points. The inversion between 3-month and 10-year Treasuries widened to -96 basis points in June from -91 basis points in May. 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 206,000 jobs in June, remaining ahead of consensus expectations of 190,000 jobs. The gains were broad based, with government, health care, and social assistance posting the largest gains. The three-month moving average and six-month moving average payrolls have weakened from the first quarter to 177,000 and 222,000 respectively. The unemployment rate edged up to 4.1% in June, and the labor participation rate inched up to 62.6%, remaining 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 held steady at

7.4%. Average hourly earnings rose 3.9% year-over-year in June, down from 4.1% year-over-year in May. The labor markets continue to show signs of cooling in line with the Federal Reserve’s view that there has been “substantial” progress towards better balance in the labor market between demand and supply for workers.

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) increased to 8.140 million job openings in May from a downwardly revised 7.919 million in April. Job openings still represent a healthy ratio of around 1.2 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
In June, the Consumer Price Index (CPI) declined 0.1% month-over-month and rose 3.0% year-over-year, reflecting broad-based cost reductions. The month-over-month drop was the first deflationary data point since the pandemic. The Core CPI, which excludes volatile food and energy components, was up just 0.1% month-over-month and 3.3% year-over-year in June, down from 3.4% in May and lower than expected. The Personal Consumption Expenditures (PCE) Index decelerated in May as expected. The headline PCE deflator was unchanged in May from April versus up 0.3% in the prior month. Year-over-year, the PCE deflator rose 2.6%. The Core PCE deflator (the Fed’s preferred gauge) increased 0.1% in May from the prior month versus up 0.3% in April. The Core PCE deflator also rose 2.6% year- over-year, still above the Fed’s 2% inflation target. Much of the lingering inflation has been driven by shelter costs and demand for services.

Source: US Department of Labor Source: US Department of Commerce 6 Consumer
-30.0%
-20.0%
-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%

50.0%

60.0%
Retail Sales YOY % Change
YOY (%) Change
Retail Sales were unchanged month-over-month in June after an upwardly revised 0.3% gain in May. On a year-over-year basis, Retail Sales growth further slowed to 2.3% in June from 2.6% in May. Nonstore retailers were a bright spot in June, while motor vehicle and gasoline sales declined. The Conference Board’s Consumer Confidence Index fell to 100.4 in June from 101.3 in May. While the present situation component rose marginally, consumers are less optimistic about future expectations for business conditions and potential income increases. While the consumer has been resilient, consumption has begun to moderate in the face of higher interest rates, rising credit card balances, and growing delinquencies.
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) fell 0.2% in June following a 0.4% decline in May. The index dropped 4.8% year-over- year. The report stated that "due to the smaller month-on-month rate of decline, the LEI's long-term growth has become less negative, pointing to a slow recovery.” The Chicago Fed National Activity Index (CFNAI) decreased to 0.05 in June from 0.23 in May, surpassing consensus expectations. The three-month moving average rose to -0.01 in June from -0.08 in May, indicating slightly below-trend growth expectations for the economy.

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
2,400
In Thousands of Units
Annualized Housing Starts
Multi Family Housing Starts
Single Family Housing Starts
Housing starts jumped 3.0% month-over-month in June to a higher-than-expected 1.353 million units, driven primarily by the multi-family category. Starts were down 4.4% year-over-year. The Freddie Mac average rate for a 30-year fixed mortgage edged down to 6.92% in June from 7.06% in May. According to the Case-Shiller 20-City Home Price Index, housing prices rose a higher-than-expected 7.2% year- over-year in April versus March's upwardly revised 7.5% increase. 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 edged down to 48.5 in June from 48.7 in May. While new orders picked up, prices paid for materials fell the most in over a year. The ISM Services Index returned to contraction declining to 48.8 in June, from

53.8 in the previous month. Although the levelof the decline was a surprise, the trend in the Services PMI, which applies to a larger share of US economic output, has been steadily decreasing.

Source: Institute for Supply Management
10 Gross Domestic Product (GDP)
Components of GDP 6/23 9/23 12/23 3/24

0.6% 2.1% 2.2% 1.0%

0.9% 1.7% 0.2% 0.8%

0.0% 0.0% 0.3% -0.7%

0.1% 0.5% 0.2% 0.0%

0.5% 0.5% 0.6% 0.3%

2.1% 4.9% 3.4% 1.4%
State and Local (Consumption and Gross
Investment)
Personal Consumption Expenditures
Gross Private Domestic Investment
Net Exports and Imports
Federal Government Expenditures
Total
-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 The third and final estimate of first quarter GDP came in as expected with growth up 1.4%, a small upward revision from 1.3% in the second estimate. Notably, the personal consumption expenditures component was revised down substantially to +1.5% in the final estimate from +2.0% in the second estimate. Weaker growth in consumer spending was offset by upward revisions in other major categories, particularly gross fixed investment. The consensus projection calls for 2.0% growth in the second quarter and 2.3% 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 June meeting, the Federal Open Market Committee voted unanimously to leave the federal funds rate unchanged at a target range of 5.25-5.50%, emphasizing the need to see sustained evidence of easing inflation before considering any rate cuts. The FOMC's latest projections now suggest only one interest rate cut in 2024, with four more cuts expected in 2025 and a slightly higher long- term neutral rate. The Fed’s inflation projections ticked up marginally, while unemployment and GDP growth forecasts remained steady.

Additionally, the Fed continues to reduce its holdings of U.S. Treasury securities and agency mortgage-backed securities as per its predefined schedule of $25 billion and $35 billion per month. Since the Fed began its Quantitative Tightening campaign in June 2022, securities holdings have declined by approximately $1.7T to approximately $7.3T.

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
Jun-24
Mar-24
Jun-23
Yield (%)
At the end of June, the 2-year Treasury yield was 15 basis points lower, and the 10-Year Treasury yield was 56 basis points higher, year- over-year. The inversion between the 2-year Treasury yield and 10-year Treasury yield remained relatively stable at -36 basis points at June month-end versus -37 basis points at May month-end. The inversion has occurred since July 2022 and remains historically long. The average historical spread (since 2003) is about +130 basis points. The inversion between 3-month and 10-year Treasuries widened to -96 basis points in June from -91 basis points in May.
13 ACCOUNT PROFILE
14 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.

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.

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. 15 STATEMENT OF COMPLIANCE
City of Vallejo | Account #260 | As of June 30, 2024
Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV) 20.0 2.7 Compliant
Max % Issuer (MV) 30.0 2.7 Compliant
Max Maturity (Years) 5.0 3.9 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV) 20.0 5.7 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 27.1 Compliant
Max % Issuer (MV) 5.0 1.5 Compliant
Max Maturity (Years) 5 4 Compliant
Min Rating (A- by 1) 0.0 0.0 Compliant
16 STATEMENT OF COMPLIANCE
City of Vallejo | Account #260 | As of June 30, 2024
Rules Name Limit Actual Compliance
Status Notes

FDIC INSURED TIME DEPOSITS (NON-NEGOTIABLE CD/
TD)
Max % (MV) 20.0 0.0 Compliant
Max Maturity (Years) 5 0.0 Compliant

FEDERAL AGENCIES
Max % (MV) 50.0 18.6 Compliant
Max % Issuer (MV) 30.0 8.8 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
17 STATEMENT OF COMPLIANCE
City of Vallejo | Account #260 | As of June 30, 2024
Rules Name Limit Actual Compliance
Status Notes
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
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

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 43.8 Compliant
Max Maturity (Years) 5 4 Compliant
18 PORTFOLIO CHARACTERISTICS
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 6/30/2024
Portfolio
3/31/2024
Portfolio
Average Maturity (yrs) 1.01 1.04
Average Modified Duration 0.88 0.99
Average Purchase Yield 3.50% 3.49%
Average Market Yield 4.03% 4.21%
Average Quality** AA+ AA+
Total Market Value 291,736,361 264,266,207
*Benchmark: NO BENCHMARK REQUIRED
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 19 SECTOR DISTRIBUTION
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 Sector as a Percentage of Market Value
Sector 06/30/2024 03/31/2024
US Treasury 41.5% 40.8%
LAIF 21.7% 23.7%
Money Mkt Fd 17.9% 11.0%
Corporate 8.8% 10.0%
Agency 6.1% 7.7%
ABS 1.9% 2.5%
Agency CMBS 0.9% 1.0%
Cash 0.6% 2.6%
Supras 0.6% 0.7%
20 DURATION DISTRIBUTION
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 Date 0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+
06/30/2024 67.6% 0.1% 4.5% 5.8% 7.9% 9.2% 4.8% 0.0% 0.0% 03/31/2024 58.8% 0.4% 3.7% 8.0% 7.4% 8.4% 3.9% 0.0% 0.0% 21 QUALITY DISTRIBUTION
Rating 06/30/2024 03/31/2024
AAA 29.9% 28.4%
AA 22.2% 28.0%
A 7.9% 8.9%
BBB 0.1% 0.1%
NR 39.9% 34.6%
Rating 06/30/2024 03/31/2024
AAA 50.6% 54.7%
AA 0.6% 0.7%
A 8.2% 9.3%
NR 40.6% 35.3%
Rating 06/30/2024 03/31/2024
AAA 29.5% 27.3%
AA 23.2% 29.5%
A 4.6% 4.8%
NR 42.8% 38.5%
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 S&P Rating Moody’s Rating Fitch Rating
22 HISTORICAL AVERAGE PURCHASE YIELD
City of Vallejo Cons Portfolio | Account #262 | As of June 30, 2024 Purchase Yield as of 06/30/24 = 3.50%
23 PORTFOLIO CHARACTERISTICS
City of Vallejo Bond Proceeds | Account #10824 | As of June 30, 2024 6/30/2024
Portfolio
3/31/2024
Portfolio
Average Maturity (yrs) 26.81 0.09
Average Modified Duration 26.83 0.05
Average Purchase Yield 0.01% 4.38%
Average Market Yield 0.01% 5.24%
Average Quality** AAA AAA
Total Market Value 45,548,068 45,335,554
*Benchmark: NO BENCHMARK REQUIRED
**The credit quality is a weighted average calculation of the highest of S&P, Moody’s and Fitch. 24 SECTOR DISTRIBUTION
City of Vallejo Bond Proceeds | Account #10824 | As of June 30, 2024 Sector as a Percentage of Market Value
Sector 06/30/2024 03/31/2024
US Teas SLGS 99.9% --
Money Mkt Fd 0.1% 24.2%
Cash 0.0% 0.1%
US Treasury -- 75.7%
25 DURATION DISTRIBUTION
City of Vallejo Bond Proceeds | Account #10824 | As of June 30, 2024 Date 0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+
06/30/2024 0.1% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 99.9% 03/31/2024 90.9% 8.6% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 26 QUALITY DISTRIBUTION
Rating 06/30/2024 03/31/2024
AAA 0.1% 82.6%
AA -- 17.4%
NR 99.9% --
Rating 06/30/2024 03/31/2024
AAA 0.1% 100.0%
NR 99.9% --
Rating 06/30/2024 03/31/2024
AAA 0.0% 58.3%
AA -- 17.4%
NR 100.0% 24.2%
City of Vallejo Bond Proceeds | Account #10824 | As of June 30, 2024 S&P Rating Moody’s Rating Fitch Rating
27 IMPORTANT DISCLOSURES
City of Vallejo | Account #260 | As of June 30, 2024
2024 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.

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. 28 BENCHMARK DISCLOSURES
City of Vallejo | Account #260 | As of June 30, 2024
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.

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.
29 CONSENT CALENDAR 8.D.

DATE: September 10, 2024
TO: Mayor and Members of the City Council
FROM: Jason Ta, Interim Chief of Police
SUBJECT: ADOPT A RESOLUTION APPROVING THE CITY'S RESPONSE TO THE 2023-2024 GRAND JURY REPORT ENTITLED "SOLANO COUNTY CANINE OFFICER TRAINING, HANDLING & END OF CAREER POLICIES", AUTHORIZING THE CITY MANAGER TO

EXECUTE THE SAME AND AUTHORIZING THE CITY CLERK TO FORWARD THE

RESPONSE TO THE PRESIDING JUDGE OF THE SOLANO COUNTY SUPERIOR

COURT AND THE FOREPERSON OF THE SOLANO COUNTY GRAND JURY

RECOMMENDATION
Adopt a resolution approving the Vallejo Police Department's response to the 2023-2024 Solano County Grand Jury Report entitled "Solano County Canine Officer Training, Handling & End of Career Policies" and authorize the City Clerk to forward said response to the Presiding Judge of the Solano County Superior Court and Foreperson of the Solano County Grand Jury.

REASONS FOR RECOMMENDATION
The City Council is required by law to respond to the Grand Jury Report and to comment on its findings.

Adopting the resolution approving and authorizing the response and directing the City Clerk to forward it to the Presiding Judge of the Solano County Superior Court and to the Foreperson of the Solano County Grand Jury will satisfy this obligation.

BACKGROUND AND DISCUSSION
On June 21, 2024, the Solano County Civil Grand Jury released a report entitled "Solano County Canine Officer Training, Handling & End of Career Policies" (Report). The Grand Jury investigated concerns regarding the use of canine officers and their activities and duties in law enforcement throughout the County of Solano.

The Foreperson of the Grand Jury requested that all Solano County cities identified in the Report provide a written response by September 19, 2024, to be filed with the clerk of the court and forwarded to the State Archivist for retention in perpetuity.

As one of the cities named in the Report, the City of Vallejo is requested to respond in writing. In the report there are six (6) findings that require the Vallejo Police Chief's written response.

The Vallejo Police Chief has prepared a response to the Report on behalf of the City of Vallejo for the City Council's approval. If approved, the City Clerk will forward the response to the Presiding Judge of the Solano County Superior Court and an electronic copy to the Foreperson of the Grand Jury, as required by law.

FISCAL IMPACT
There is no fiscal impact resulting from or related to this action.

Date: September 10, 2024
Subject: ADOPT A RESOLUTION APPROVING THE CITY'S RESPONSE TO THE 2023-2024 GRAND JURY REPORT ENTITLED "SOLANO COUNTY CANINE OFFICER TRAINING, HANDLING & END OF CAREER POLICIES", AUTHORIZING THE CITY

MANAGER TO EXECUTE THE SAME AND AUTHORIZING THE CITY CLERK TO

FORWARD THE RESPONSE TO THE PRESIDING JUDGE OF THE SOLANO

COUNTY SUPERIOR COURT AND THE FOREPERSON OF THE SOLANO COUNTY

GRAND JURY

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foreseeable indirect physical change in the environment, pursuant to CEQA Guideline section 15378.

ATTACHMENTS

1. Resolution- Response to Grand Jury Report SOLANO COUNTY CANINE CAO Stamp

2. Grand Jury Response Letter_K-9 Policies_ CAO Stamp

3. FINAL 240625 Canine Training Handling and End of Career

CONTACT
Jason Ta, Interim Police Chief
(707) 648-4540, [email protected]

Approved as to form:

By: for
Veronica Nebb, City Attorney
RESOLUTION NO. 24-______

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VALLEJO APPROVING AND AUTHORIZING THE CITY’S RESPONSE TO THE 2023-24 GRAND JURY REPORT ENTITLED “SOLANO COUNTY CANINE OFFICER TRAINING, HANDLING & END OF CAREER POLICIES”

AND AUTHORIZING THE CITY CLERK TO FORWARD THE RESPONSE TO THE PRESIDING

JUDGE OF THE SOLANO COUNTY SUPERIOR COURT AND THE FOREPERSON OF THE

SOLANO COUNTY GRANDY JURY
WHEREAS, pursuant to Penal Code section 933, a public agency that receives a Grand Jury Report addressing aspects of the public agency’s operations must comment on the report’s findings and recommendations within 90 days and send such response to the Presiding Judge of the Superior Court with a copy to the Foreperson of the Grand Jury; and WHEREAS, the City Council of the City of Vallejo has received and reviewed the 2023-2024 Solano County Civil Grand Jury Report dated June 21, 2024, entitled “Solano County Canine Officer Training, Handling & End of Career Policies” and the Vallejo Police Department has prepared a response to the Report.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF VALLEJO DOES HEREBY RESOLVE AS FOLLOWS:

Section 1. The City Council of the City of Vallejo approves and authorizes the response to the 2021-2022 Solano County Grand Jury Report entitled “Solano County Canine Officer Training, Handling & End of Career Policies” and authorizes the City Manager to execute the same. A copy of the response is attached hereto as Exhibit A and incorporated herein.

Section 2. The City Council of the City of Vallejo directs the City Clerk to forward the City Council’s Grand Jury Report response to the Presiding Judge of the Solano County Superior Court and to the Foreperson of the Solano County Grand Jury.

Approved as to form:

By: for
Veronica Nebb, City Attorney
City Attorney’s Office ∙ 555 Santa Clara Street ∙ Vallejo ∙ CA ∙ 94590 ∙ 707.648.4545 September 11, 2024
Honorable Judge Alesia Jones
Presiding Judge
Solano County Superior Court
600 Union Avenue
Fairfield, CA 94533
Wayne B. Goodman
Foreperson, 2023-2024 Grand Jury
Hall of Justice
600 Union Ave
Fairfield, CA 94533
Sent Via Email: [email protected]
Re:2023-2024 Grand Jury Report Entitled: Solano County Canine Officer Training, Handling & End of Career Policies
Dear Judge Jones:

The following is the City of Vallejo’s response to the above-mentioned Grand Jury Report on behalf of the Chief of Police and the City Council, which was approved by the City Council on September 10, 2024.

Finding 1: On-going in-service training with canines and canine handlers is currently taking place, but not consistent across all agencies throughout the County. Canine pre- deployment training has generally been through a third party outside of the law enforcement agency. In the past, pre-deployment training practices had been a harsh environment for the canine. Occasionally severe discipline was used to train the canine causing the canine a high level of stress during and after the training period.

Honorable Alesia Jones
Re: 2023-2024 Grand Jury Report Entitled: Solano County Canine Officer Training, Handling & End of Career Policies September 11, 2024

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Response:Agree.

Recommendation: Use an outside agency for pre-deployment training only if the training facility and trainers are adhering to Peace Officer Standards and Training (POST) training practices with positive reinforcement. For on-going in-service training, continue monthly training of the canine team through positive reinforcement.

Train for a minimum of 16 hours a month, or 192 hours annually on current skills and new techniques. Elements of the training techniques should be made available to the public.

Response: The recommendation has been implemented. The Vallejo Police Department follows POST’s training guidelines that were established in 2014, which are available to the public at https://post.ca.gov/Portals/0/post_docs/publications/K-

9.pdf. Canine teams train monthly for at least 16 hours using only positive reinforcement-based discipline to reduce canine stress levels and maintain a high level of obedience.

Finding 2: While there is a retirement plan for the Patrol Officers, there is no standard Canine Officers retirement plan available. This leaves the canine handler to cover all medical costs which may include injuries that occurred while in service.

Response: Agree.

Recommendation: Provide all retired Canine Officers with medical insurance coverage at time of retirement, similar to that of the Patrol Officers. Medical coverage must cover both the scheduled routine medical issues and emergency medical services if ever needed. A meal allowance must also be in place for all retired Canine Officers. Create a standardized procedure in place for handling of retired Canine Officers until end of life. In the placement of a retiring Canine Officer the current handler should be given first choice. In the event that they cannot take on that role, there needs to be a process in place for continued care.

Response: This recommendation will not be implemented because it is not warranted. Handlers are given an option to purchase their Canine Officer from the City for a symbolic fee of $1.00, once the canine is retired. Ownership of the canine is then officially transferred to the Handler, allowing the canine to live out the rest of their life in a family environment. Providing medical insurance coverage at retirement for retired Canine Officers would not be cost effective and may deter the agency from continuing its canine program.

Finding 3: Not all law enforcement agencies within the county have Canine Officers. The law enforcement agencies that do, see multiple benefits of having the Canine Officers on staff. In some cases, an increase in non-confrontational apprehensions is as much as ten times over those of a non-Canine Team.

Honorable Alesia Jones
Re: 2023-2024 Grand Jury Report Entitled: Solano County Canine Officer Training, Handling & End of Career Policies September 11, 2024

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Response: Agree.

Recommendation: Increase Canine Officer staffing throughout the County. All law enforcement agencies should have at least one Canine Officer per shift. For the larger agencies, more Canine Officers may be needed to cover all needed situations and areas. Canine Officer/population ratio should be at least one Canine Officer per 15,000 population.

Response: This recommendation has been implemented in that all but one shift is staffed with a Canine Officer. The Vallejo Police Department supports this recommendation on this finding and are constantly seeking alternative funding sources to assist with the costs of its canine program.

Finding 4:There are only a few Peer Support Canines available to assist in emotional and behavioral support within a few agencies. Peer Support Canines play an important role in monitoring and recognizing the emotional and behavioral needs within high stress events and are able to soothe and support through their calming and caring personalities.

Response: Agree.

Recommendation: Increase Peer Support Canine staffing. All law enforcement agencies need to have at least one Peer Support Canine per shift.

Response: This recommendation will not be implemented due to budget restraints.

The Vallejo Police Department is, however, constantly seeking alternative funding sources to add additional support to our canine program.

Finding 5: Canine activity and incident tracking throughout the county differs between agencies.

Although being tracked, the agencies have adopted their own manner of tracking and documenting. This allows the media to exploit only the rare aggressive activities with little exposure to the positive side of the Canine Officer’s contribution.

Response: Agree.

Recommendation: Activity and incident tracking within the county for Canine Teams need to be consistent. Have Canine Team activity reports readily available to the public.

Response: This recommendation has been implemented. The Vallejo Police Department uses “Pack Track” software to track canine activity, such as bite ratio, types of deployments, and offenders' race and age. This type of software has become an industry standard and provides transparency to the community. Canine activity is released monthly along with other use of force reports.

Finding 6: Canine Officers no longer engage in crowd control, as having canines in large crowds over stressed the Canine Officer, causing confusion.

Honorable Alesia Jones
Re: 2023-2024 Grand Jury Report Entitled: Solano County Canine Officer Training, Handling & End of Career Policies September 11, 2024

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Response: Agree.

Recommendation: Continue using the Canine Officers only in patrol, detection and search and rescue.

Response: This recommendation has been implemented. The Vallejo Police Department agrees that Canine Officers should only be used in patrol, detection, search, and rescue along with any additional uses that may promote public safety and community relations. The Vallejo Police Department does not use Canine Officers for crowd control.

Comments:Solano County’s Civil Grand Jury investigation on canine activity and duties contradicted much of what the media is presenting. Canine training has been updated from past years to a positive reinforcement training curriculum with improved results. Apprehensions are much higher with a canine team than without.

Data shows as much as ten times more apprehensions with a Canine Team than without. In many cases, the Canine Officer was never deployed, but being on site deterred the suspect through intimidation.

We applaud the use of Brady’s K-9 Fund or similar agencies and grants to support Canine Officers’ needs, both while in-service and retired.

Response: The Vallejo Police Department does not disagree with any of the Grand Jury’s comments in this section. The department applauds the efforts of the Grand Jury in this report.

Please do not hesitate to advise if we can be of further assistance.

Regards,

ANDREW MURRAY
City Manager

2023-2024

Solano County Canine Officer Training,
Handling & End of Career Policies

June 21, 2024

FINAL 240621 Canine Training Handling and End of Career - 2 -

Solano County Canine Training,
Handling & End of Career Policies
Solano County Civil Grand Jury 2023-2024

I. S
UMMARY

Many are led to believe that canines used in law enforcement are overly aggressive and out of control. That is not true.

The Solano County Civil Grand Jury (SCCGJ)’s in-depth investigation contradicted what the media has portrayed. The Jury found the duties for canines working in law enforcement are widespread and extremely valuable to law enforcement agencies.

The Jury undertook an investigation of the Canine Officers training and handling policies and procedures. In the past, pre-deployment training practices by vendors had been aggressively harsh and overly demanding. National attention on canine training and handling by patrol officers has been portrayed as overly aggressive.

Both pre- and post-deployment training, along with proper handling, is critical to the day-to-day care of Canine Officers.

The Jury reviewed overall canine usage and staffing with all law enforcement agencies throughout the county.

II. I

NTRODUCTION

Solano County’s Civil Grand Jury investigation on canine activity and duties contradicted much of what the media presents. Canine training has been updated to a positive reinforcement training curriculum with improved results. Apprehensions are much higher with a canine unit than those without canines. The Grand Jury received information indicating that apprehensions were as much as ten times greater with an officer / canine team than without. In many cases, the canine officer was never deployed, but being on-site deterred the suspect through intimidation.

An in-depth review of Canine Officer’s career policies throughout Solano County included:

• Breeds
• Initial canine training
• Handler training
• Canine responsibilities
• Training within specialty areas/services
• Monthly training
• Medical care
• Canine monthly/annual activity statistics
• Canine apprehension rates
• End of career handling

FINAL 240621 Canine Training Handling and End of Career - 3 -

III. STATEMENT OF FACTS

The phrase “Canine Officer” used in this report, refers to the County’s well-trained canines. The phrase “Handler” refers to the sworn human officer who works with the Canine Officer on a day- to-day basis as the other half of a well-trained team. “Canine Team” refers to a Canine Officer and its Handler. The phrase “Peer Support Canines” refers to canines who have been trained to identify emotional and behavioral situations.

Solano County Canine Officers activity “annualized:”

Detection refers to using the canines for searching narcotics, explosives, firearms, or articles recently discarded.

• Detection
o Canine Officer Deployments 1,475
o Search Areas 188
o Alerts / Indications 57
o Seizure Incidents 72

Patrol refers to using the canines to search for a person.

• Patrol
o Canine Officer Deployments 1,567
o People Found 179
o Apprehensions with Bites 11 (less than 1%)

Less than one percent of the apprehensions with a Canine Team is a takedown with bites.

Canine Team apprehension rates show they are up to ten times higher than that of non-Canine Officers. It was stated that many perpetrators are intimidated and surrender due to the presence of a Canine Officer.

Canine pre-deployment training has generally been through a third party outside of the law enforcement agency. In the past, pre-deployment training practices had been a harsh environment for the canine. Occasionally severe discipline was used to train the canines, causing a high level of stress during and after the training period.

Pre- and post-deployment training practices have shifted from negative, harsh, and forceful training to more positive reinforcement with improved results.

Male canines tend to be bigger and stronger than females, making them a better fit to the needs of the agencies.

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Countywide
• 24 Canine Officers and Peer Support Canines are all male dogs. o Canine Officers
 10 (41%) - Belgian Malinois
 6 (25%) - German Shepherd
 4 (17%) - Dutch Shepherd
o Peer Support Canines
 4 (17%) - Labrador Retriever

Many of the Canine Officers have been trained in dual roles such as standardized patrol service and apprehension, narcotic detection, explosives, search and rescue, specialized detection, and cadaver detection.

Canine Teams are trained to protect the public as well as each other. When needed the Handler can release the Canine Officer from the car with a belt mounted door button. This enables the Canine Officer to deploy and locate their Handler to provide aid.

41%
17%
25%
17%
Solano County - Canine Breeds
Belgian Malinois
Labrador Retriever
German Shepherd
Dutch Shepherd

o Eight Agencies:
 Benicia Police Department
 Dixon Police Department
 Fairfield Police Department
 Rio Vista Police Department
 Solano County Sheriff ‘s Department
 Suisun City Police Department
 Vacaville Police Department
 Vallejo Police Department

FINAL 240621 Canine Training Handling and End of Career - 5 -

Solano County Sheriff’s Department
• Canine Officer # 1 – 4 years old Belgian Malinois
• Canine Officer # 2 – 6 years old Belgian Malinois
• Canine Officer # 3 – 4 years old Belgian Malinois
• Canine Officer # 4 – 3 years old Belgian Malinois
• Canine Officer # 5 – 2 years old Belgian Malinois
• Canine Officer # 6 – 2 years old Dutch Shepherd
• Peer Support Canine # 7 – 6 years old Labrador Retriever

Benicia Police Department
• Canine Officer # 1 – 5 years old Belgian Malinois

Dixon Police Department
• Canine Officer # 1 – 4 years old Belgian Malinois

Fairfield Police Department
• Canine Officer # 1 – 3 years old German Shepherd
• Canine Officer # 2 – 2 years old Dutch Shepherd
• Canine Officer # 3 – 9 years old German Shepherd
• Canine Officer # 4 – 2 years old German Shepherd
• Peer Support Canine # 5 – 2 years old Yellow Labrador Retriever • Peer Support Canine # 6 – 2 years old Black Labrador Retriever

Rio Vista Police Department
• Canine Officer # 1 – 2 years old Dutch Shepherd

Suisun City Police Department
• Currently no Canine Officers nor Peer Support Canines

Vacaville Police Department
• Canine Officer # 1 – 3 years old Dutch Shepherd
• Canine Officer # 2 – 3 years old Belgian Malinois
• Canine Officer # 3 – 2 years old Belgian Malinois
• Peer Support Canine # 4 – 2 years old Labrador Retriever

Vallejo Police Department
• Canine Officer # 1 – 4 years old Belgian Malinois
• Canine Officer # 2 – 1 year old German Shepherd
• Canine Officer # 3 – 6 years old German Shepherd
• Canine Officer # 4 – 7 years old German Shepherd

Solano County Population % of the County Canines / Population • City of Benicia 26,819 5.9% 1 Canine per 26,819

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• City of Dixon 18,974 4.2% 1 Canine per 18,974
• City of Fairfield 119,706 26.5% 1 Canine per 19,951 • City of Rio Vista 10,533 2.3% 1 Canine per 10,533 • City of Suisun City 29,165 6.5% N/A
• City of Vallejo 124,886 27.6% 1 Canine per 24,977
• City of Vacaville 103,078 22.9% 1 Canine per 51,539 • Unincorporated Areas 18,556 4.1% N/A
o (Elmira & Birds Landing)

• Solano County 451,716 100.0% 1 Canine per 19,640

Canine Officers are no longer used for crowd control. Canines are directed by their handlers generally with a single task and/or direction.

Peer Support Canines have been trained to identify emotional and behavioral situations. They have the ability to respond to the emotional needs of individuals with their caring nature or a simple wag of their tail. Peer Support Canine acquisition in many cases come from the local SPCA and/or animal shelters. Many are rescue canines being placed back into society with a purpose to serve the public.

Canine support training is currently taking place at California Medical Facility (CMF) and California State Prison (CSP).

Inmates working through their rehabilitation to reenter society are currently training canines for several public and emotional service needs.

Every department or agency has a form of reporting of canine activity, we found a lack of consistency throughout Solano County. We also found very little visibility to the public.

As the Canine Officers and Peer Support Canines age and retire from service, retirement benefits are lacking to cover the cost of canine health care and much of their day-to-day handling cost.

Much of this cost becomes the current handler’s responsibility. This is in contrast to human sworn officers whose retirement benefits include health care.

IV. F

INDINGS AND RECOMMENDATIONS

F
INDING 1 – On-going in-service training with canines and canine handlers is currently taking place, but not consistent across all agencies throughout the County. Canine pre-deployment training has generally been through a third party outside of the law enforcement agency. In the past, pre-deployment training practices had been a harsh environment for the canine.

Occasionally severe discipline was used to train the canine causing the canine a high level of stress during and after the training period.

R
ECOMMENDATION 1 – Use an outside agency for pre-deployment training only if the training facility and trainers are adhering to Peace Officer Standards and Training (POST) training

FINAL 240621 Canine Training Handling and End of Career - 7 -

practices with positive reinforcement. For on-going in-service training, continue monthly training of the canine team through positive reinforcement. Train for a minimum of 16 hours a month, or 192 hours annually on current skills and new techniques. Elements of the training techniques should be made available to the public.

F
INDING 2 – While there is a retirement plan for the Patrol Officers, there is no standard Canine Officers retirement plan available. This leaves the canine handler to cover all medical costs which may include injuries that occurred while in service.

RECOMMENDATION 2 – Provide all retired Canine Officers with medical insurance coverage at time of retirement, similar to that of the Patrol Officers. Medical coverage must cover both the scheduled routine medical issues and emergency medical services if ever needed. A meal allowance must also be in place for all retired Canine Officers.

Create a standardized procedure in place for handling of retired Canine Officers until end of life.

In the placement of a retiring Canine Officer the current handler should be given first choice. In the event that they cannot take on that role, there needs to be a process in place for continued care.

F
INDING 3 – Not all law enforcement agencies within the county have Canine Officers. The law enforcement agencies that do, see multiple benefits of having the Canine Officers on staff. In some cases, an increase in non-confrontational apprehensions is as much as ten times over those of a non-Canine Team.

R
ECOMMENDATION 3 –
Increase Canine Officer staffing throughout the County. All law enforcement agencies should have at least one Canine Officer per shift. For the larger agencies, more Canine Officers may be needed to cover all needed situations and areas. Canine Officer/population ratio should be at least one Canine Officer per 15,000 population.

F
INDING 4 – There are only a few Peer Support Canines available to assist in emotional and behavioral support within a few agencies. Peer Support Canines play an important role in monitoring and recognizing the emotional and behavioral needs within high stress events and are able to soothe and support through their calming and caring personalities.

R
ECOMMENDATION 4 –
Increase Peer Support Canine staffing. All law enforcement agencies need to have at least one Peer Support Canine per shift.

F
INDING 5 – Canine activity and incident tracking throughout the county differs between agencies. Although being tracked, the agencies have adopted their own manner of tracking and documenting. This allows the media to exploit only the rare aggressive activities with little exposure to the positive side of the Canine Officer’s contribution.

R
ECOMMENDATION 5 – Activity and incident tracking within the county for Canine Teams need to be consistent. Have Canine Team activity reports readily available to the public.

FINAL 240621 Canine Training Handling and End of Career - 8 -

F
INDING 6 – Canine Officers no longer engage in crowd control, as having canines in large crowds over stressed the Canine Officer, causing confusion.

R
ECOMMENDATION 6 – Continue using the Canine Officers only in patrol, detection and search and rescue.

OMMENTS
Solano County’s Civil Grand Jury investigation on canine activity and duties contradicted much of what the media is presenting. Canine training has been updated from past years to a positive reinforcement training curriculum with improved results. Apprehensions are much higher with a canine team than without. Data shows as much as ten times more apprehensions with a Canine Team than without. In many cases, the Canine Officer was never deployed, but being on site deterred the suspect through intimidation.

We applaud the use of Brady’s K-9 Fund or similar agencies and grants to support Canine Officers’ needs, both while in-service and retired.

EQUIRED RESPONSES
Solano County Board of Supervisors Findings 1-6
Solano County Sheriff Findings 1-6
Chief of Police
City of Benicia Findings 1-6
City of Dixon Findings 1-6
City of Fairfield Findings 1-6
City of Rio Vista Findings 1-6
City of Suisun City Findings 1-6
City of Vacaville Findings 1-6
City of Vallejo Findings 1-6
City Council
City of Benicia Findings 1-6
City of Dixon Findings 1-6
City of Fairfield Findings 1-6
City of Rio Vista Findings 1-6
City of Suisun City Findings 1-6
City of Vacaville Findings 1-6
City of Vallejo Findings 1-6

OURTESY COPIES

Congressman
John Garamendi
Mike Thompson
State Senators
Dave Min

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Brian Dahle
State Assemblymembers 1021 O Street Sacramento, CA 95814 Alex Lee Suite # 6330
Ash Kalra Suite # 4610
Corey Jackson Suite # 6120
Isaac Bryan Suite # 5360
Robert Rivas Suite # 8330
Solano County Assemblymember
Lori D. Wilson

V. M

ETHODOLOGY

• Data received from the following agencies.
o Benicia Police Department
o Brady’s K9 Fund
o Brian Peterson @ All Duty Canine
o Dixon Police Department
o Fairfield Police Department
o Fairfield Police Department – 2022 Annual Report
o Fairfield PD Gets a Therapy Dog – The Reporter – August 25, 2022 o Rio Vista Police Department
o Solano County Sheriff Department
o Suisun City Police Department
o Therapy Dog Playing Roles – Fox 11 – July 1, 2022
o Vacaville Police Department
o Vallejo Police Department
o 2021 U.S. Census
o Capital Weekly – April 30, 2023
o Assemblymember’s Home Page
o The Reporter – Cort Retires - March 8, 2024

VI. A

TTACHMENT
Vacaville “The Reporter” March 8, 2024

Fairfield PD’s K-9 Cort retires from service.

Fairfield Police Department Sergeant Michael Pena with K-9 Cort, along with Fairfield Mayor Catherine Moy and his family during the Fairfield City Council meeting March 5 after a proclamation was issued declaring the day "Cort Day" upon recognition of K-9 Cort's retirement.

With nearly nine years of dedicated service under his collar, Fairfield Police Department K-9 Cort has retired from law enforcement.
“Cort quickly became a favorite around the department and community,” said Jennifer Brantley, Public Information Officer for the Fairfield PD. “With his friendly personality he was always up for socializing during public demonstrations or just greeting fellow

FINAL 240621 Canine Training Handling and End of Career - 10 -

employees around the department. Even though he had this soft playful side to him, he would quickly change and get down to business if commands were given by Sergeant Pena.”
According to Fairfield PD officials, Cort – born as Malínského Statku – was born on March 10, 2014, in the Czech Republic and came to the Bay Area in March of 2015 to be tested by the department. He was then paired with Sgt. Mike Pena one week before his first birthday and together, they went to a one-month basic K-9 handler school where they learned how to work as a team in both obedience and apprehension work.

While Cort demonstrated excellent work ethic during his lengthy career, Pena recalls the young pup beginning to test his handler’s patience back at handler school. “At times during the training Cort would decide that he needed a well-deserved break,” said Fairfield PD officials during an awards ceremony held Feb. 28. “He would take off running from Sgt. Pena and head down to the waterfront to chase the ducks around while completely ignoring commands to come back.”
Still, Cort was a great learner and he and Sgt. Pena then attended a six-week explosive detection school, a two-week tracking and trailing school, one-week SWAT K-9 school, and one-week advanced patrol tactics school.

After completing patrol tactics school, Sgt. Pena and Cort would go on to receive additional training in other specialized areas to include tracking, explosives, and SKIDDS – specialized training for K-9s to be deploy with the SWAT Team. In 2016, Cort also became the department’s first K-9 to become certified in detecting explosives, according to officials.
“Once the initial certifications were complete, that unbreakable K-9 and handler bond began to form between this team,” said department officials.

During Cort’s nearly nine years of service, Fairfield PD officials said the K-9 achieved several impressive accomplishments, including over 2800 training hours; 433 field deployments; 35 suspect apprehensions; over 90 suspect surrenders; multiple activations with SWAT; and over 650 events.
“Over the last several years Cort has exemplified the unwavering loyalty, bravery, and dedication that police dogs bring to law enforcement,” said officials.

Unfortunately, some of Cort’s deployments came with serious consequences.

In January 2019, Cort was searching a heavily brushed creek bed for a wanted violent criminal. After Cort and Sgt. Pena were ambushed, Cort was still able to locate and apprehended the suspect but was stabbed multiple times during the process. At the time of the incident, Peña credited Cort with saving his life by demonstrating bravery, while subduing the assailant despite his injuries.

Then in February 2020, Fairfield SWAT surrounded a home after a male severely beat a woman in a home the night before.
“A standoff lasted nearly six hours, so Cort was deployed to search for the now concealed suspect, quickly locating him hiding in the garage,” read the proclamation.” During the apprehension, Cort suffered a serious through and through laceration to his paw.

In 2022, Cort was deployed into a residence to search for a suspect who broke into a citizen’s home. During the search, Cort apprehended the suspect, and, in the process, he was bitten in the face and stabbed again. Despite being injured, Cort continued to engage

FINAL 240621 Canine Training Handling and End of Career - 11 -

the suspect until officers were able to complete the arrest. For Cort’s actions, he was the first Fairfield Police K-9 to receive the purple heart medal.

According to officials, K-9 Cort has also assisted neighboring agencies in searching for violent criminals, including conducting yard to yard searches in the City of Davis for Davis Police Officer Natalie Corona’s killer, completing explosive detection searches for visiting presidential candidates, and assisting in dozens of SWAT operations. “While searching for a parolee at large, K-9 Cort was deployed along with police officers to search a residence,” said Moy. “Cort pushed through a partially open bedroom door, deploying a booby trap from above, which due to his quick movements, he avoided injury and therefore, protected officers from injury.”
In addition to being honored by Fairfield Police Department officials during their 2023 awards ceremony Feb. 28, Cort was also recognized by the Fairfield City Council March 5 when Mayor Catherine Moy presented a proclamation declaring that day as “Cort Day” in Fairfield, to celebrate the many accomplishments that this police dog attained while wishing him a very well-deserved retirement.
“Cort’s career is a story of resilience,” said Moy. “Reaching a well-deserved retirement, K-9 Cort now spends most of his time relaxing poolside, socializing with his companion Riley and Officer Peña’s wife and three children. Although his presence in the Fairfield community is ending, the memory of his life of service to this community will last for years to come.”
CONSENT CALENDAR 8.E.

DATE: September 10, 2024
TO: Mayor and Members of the City Council
FROM: Melissa Tigbao, P.E., Public Works Director
SUBJECT: ADOPT A RESOLUTION APPROVING AND AUTHORIZING THE CITY'S RESPONSE TO THE 2023-24 GRAND JURY REPORT ENTITLED: "HAZARDOUS WORK ENVIRONMENT FOR VALLEJO'S 911 OPERATORS" AND AUTHORIZING THE CITY

CLERK TO FORWARD THE RESPONSE TO THE PRESIDING JUDGE OF THE SOLANO

COUNTY SUPERIOR COURT AND THE FOREPERSON OF THE SOLANO COUNTY

CIVIL GRAND JURY

RECOMMENDATION
Adopt a Resolution approving and authorizing the City's Response to the 2023-2024 Grand Jury Report entitled "Hazardous Work Environment for Vallejo’s 911 Operators” and authorizing the City Clerk to forward the Response to the Presiding Judge of the Solano County Superior Court and Foreperson of the Solano County Civil Grand Jury.

REASONS FOR RECOMMENDATION
The City Council is required by law to respond to the Grand Jury Report and to comment on its findings.

BACKGROUND AND DISCUSSION
On June 21, 2024, the Solano County Civil Grand Jury released a report entitled "Hazardous Work Environment for Vallejo's 911 Operators" (Report) after touring the Vallejo Police Department facility on Amador Street and interviewing Police, Public Works, and City Manager staff. The Report raises concerns regarding the safety of the working environment of Vallejo's Police Department 911 Operators at the Amador Street facility.

The Grand Jury issued one finding that requires the City's written response no later than September 18, 2024.

The City Manager has prepared a response on behalf of the City of Vallejo for the City Council's consideration and approval. If approved, the City Clerk will forward the response to the Presiding Judge of the Solano County Superior Court and provide an electronic copy to the Foreperson of the Civil Grand Jury as required by law.

FISCAL IMPACT
There is no fiscal impact with this item.

Date: September 10, 2024
Subject: ADOPT A RESOLUTION APPROVING AND AUTHORIZING THE CITY'S RESPONSE TO THE 2023-24 GRAND JURY REPORT ENTITLED: "HAZARDOUS WORK ENVIRONMENT FOR VALLEJO'S 911 OPERATORS" AND AUTHORIZING THE

CITY CLERK TO FORWARD THE RESPONSE TO THE PRESIDING JUDGE OF THE

SOLANO COUNTY SUPERIOR COURT AND THE FOREPERSON OF THE SOLANO

COUNTY CIVIL GRAND JURY

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foreseeable indirect physical change in the environment, pursuant to CEQA Guideline section 15378.

ATTACHMENTS

1. Resolution- Response to Grand Jury Report 911 OPERATORS

2. Exhibit A - Response to Grand Jury Report re VPD 911 Ops

3. Grand Jury Report_Hazardous Work Environment for 911 Operations_06.21.2024

CONTACT
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 AND AUTHORIZING THE CITY’S RESPONSE TO THE 2023-24 GRAND JURY REPORT ENTITLED “HAZARDOUS WORK ENVIRONMENT FOR VALLEJO’S 911 OPERATORS” AND

AUTHORIZING THE CITY CLERK TO FORWARD THE RESPONSE TO THE PRESIDING

JUDGE OF THE SOLANO COUNTY SUPERIOR COURT AND THE FOREPERSON OF THE

SOLANO COUNTY CIVIL GRANDY JURY
WHEREAS, pursuant to Penal Code section 933, a public agency that receives a Grand Jury Report addressing aspects of the public agency’s operations must comment on the report’s findings and recommendations contained in the report in writing within 90 days to the Presiding Judge of the Superior Court with a copy to the Foreperson of the Grand Jury; and WHEREAS, the City Council of the City of Vallejo has received and reviewed the 2023-2024 Solano County Civil Grand Jury Report dated June 21, 2024, entitled “Hazardous Work Environment for Vallejo’s 911 Operators” and the City Manager prepared a response to the Report.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF VALLEJO DOES HEREBY RESOLVE AS FOLLOWS:

Section 1. The City Council of the City of Vallejo approves and authorizes the response to the 2023-2024 Solano County Civil Grand Jury Report entitled “Hazardous Work Environment for Vallejo’s 911 Operators,” a copy of which is attached hereto as Exhibit A and incorporated by reference.

Section 2. The City Council of the City of Vallejo directs the City Clerk to forward the City Council’s Response to said Report to the Presiding Judge of the Solano County Superior Court and to the Foreperson of the Solano County Civil Grand Jury.

ADOPTED BY THE CITY COUNCIL OF THE CITY OF VALLEJO at a regular meeting held on September 10, 2024, with the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

ROBERT H. MCCONNELL, MAYOR
ATTEST:

DAWN G. ABRAHAMSON, CITY CLERK
September 11, 2024
Honorable Alesia Jones
Presiding Judge of the Superior Court
Solano County Superior Court
600 Union Avenue
Fairfield, CA 94533
Sent Via Email: [email protected]
RE:2023-2024 Grand Jury Report Entitled: Hazardous Work Environment for Vallejo’s 911 Operators
Dear Judge Jones:

This letter contains the City of Vallejo’s response to the Solano County Civil Grand Jury Report of June 21, 2024, regarding the hazardous work environment for the Vallejo’s 911 Operators at the facility located at 111 Amador Street in Vallejo.

Finding 1: The Vallejo Police Department 911 Operators continue to work in a hazardous and toxic work environment. This situation has not been resolved for years. A resolution has not been approved or funded, leaving any long-term solution undetermined.

Response: Partially Disagree. As in initial matter, the City refutes the finding by the Grand Jury that Vallejo’s Police Department (VPD) 911 Operators continue to work in a hazardous and toxic work environment. The City tests the VPD Building on a quarterly basis for hazardous and/or toxic contamination and performs all recommended remediation, if any.

Additionally, in December 2022, the City Council authorized $1.5M in American Rescue Plan Act (ARPA) funding for the Dispatch Center Project to address these same concerns raised by previous years’ Solano County Civil Grand Juries. Following those reports, the Vallejo City Council (VCC) directed staff to look at several alternate locations for the relocation of dispatch functions and has authorized moving the 911 Operations into a brand-new ADA-accessible modular unit temporarily.

Staff completed site drawings for the project, solicited bids for the modular unit, and has entered into a contract with Whitley Manufacturing for manufacture. Delivery and installation of the new Dispatch Center is scheduled for November 2024. 911 Operators are scheduled to move into the modular units in the first quarter of 2025.

Recommendation 1: Temporarily move the 911 Operators to 400 Mare Island Way no later than the first quarter of 2025. When a long-term solution is completed, the 911 Operators can be moved to a permanent location.

Response: The relocation recommendation will be implemented within the recommended timeframe. Vallejo’s 911 Operators are scheduled to be relocated into a custom dispatch center modular unit at 111 Amador Street in the first quarter of 2025.

Comments:

The move to 400 Mare Island Way is the most cost effective and quickest transition for the 911 operators while a long-term resolution is finalized.

The SCCGJ will follow the progress on the relocation of Police Department Staff until they are placed in a safe working environment.

For ten years, Vallejo City Council has been ignoring solutions to the core issues created by the hazardous conditions at 111 Amador Street.

When it comes to moving the police operations over to 400 Mare Island Way, this appears to be the most cost-effective and quickest transition. The City of Vallejo has already spent $1 million dollars in design, but it has not produced any results.

Response: The move to a brand-new ADA-accessible modular unit will be a safe, cost effective, and quick transition for the 911 operators while a longer-term resolution is finalized.

Please let us know if you have any questions or require further information.

Sincerely,
Andrew Murray
City Manager

2023-2024

Hazardous Work Environment for Vallejo’s 911 Operators

June 21, 2024

FINAL 240621 FINAL 240621 Hazardous Work Environment for 911 Operations - 2 -

Hazardous Work Environment for Vallejo’s 911 Operators
Solano County Civil Grand Jury 2023-2024

SUMMARY

The 2023-24 Solano County Civil Grand Jury (SCCGJ) recently toured the facility at 111 Amador Street in Vallejo, CA. The current facility is neither a safe nor healthy work environment for the 911 operators, law enforcement and administrative staff.

This report is in addition to the 2021-22 and 2022-23 SCCGJ reports about the Vallejo Police Department (VPD) and its hazardous conditions. The Police Department staff continues to occupy a building that is deteriorating and hazardous to their health.

Vallejo Police Department 911 Operators continue to work in a hazardous and toxic work environment, being exposed to asbestos contamination, mold, lead, and human waste in a decreasingly habitable workspace.

At the time of this report, Vallejo City Council (VCC) has not approved a short- or long-term resolution for the facility, leaving the 911 Operators to work in an unhealthy work environment.

II.

INTRODUCTION

In October 2023, the SCCGJ toured the Vallejo Police Department facility. The current condition of the facility is neither a safe nor healthy work environment. The building conditions remain seriously inadequate for the 911 operators, law enforcement and administrative staff.

At the time of this report there is still no evidence that any long-term or effective abatement practices to deal with the known hazards have been implemented or approved. The issue of decreasingly habitable workspace had not been resolved. During our investigation, the SCCGJ could not determine who is in charge of needed repairs.

The critical nature of this situation has not been resolved by VCC. There is a lack of short- and long-term planning to overcome the issues with the VPD building. Budget constraints may have been responsible for the lack of action by the VCC.

Despite the former SCCGJ investigations, independent inspections, and facility tours, the conditions remain unhealthy. Recommendations were made over the past four years about the hazardous conditions of the building. Vallejo City Council has yet to agree upon or implement a solution.

In the meantime, the City of Vallejo 911 Operators continue to work in a hazardous environment which exposes them to immediate and future health concerns.

FINAL 240621 FINAL 240621 Hazardous Work Environment for 911 Operations - 3 -

Many of the Departments working in this building (Patrol, Traffic, 911 Operators, etc.) are severely understaffed. Recruiting new officers or enticing transfers from outside agencies is inhibited by the current condition of the building.

III. STATEMENT OF FACTS

The City of Vallejo is the largest city within Solano County with a population of approximately 123,000 inhabitants in 2023.

As far back as 2014, the City of Vallejo retained environmental health consultants to conduct tests for contaminants. Their reports contained a list of contaminants, including increased levels of lead and asbestos which are defined as health threats by Cal/OSHA. In 2019, the City of Vallejo hired an independent review group to analyze the facility at 111 Amador Street in regard to overall environmental health concerns. The analysis informed the City that the building was dangerously deteriorating and posed serious health risks.

There have been scenarios presented to the VCC ranging from relocation of the Police Department to a complete demolition of the current building, abatement of the grounds and reconstruction of a new building on the current site. These scenarios are costly, ranging from $45 million dollars up to $150 million dollars. The time to complete a project ranged from a year and a half up to five and a half years once the plan is approved and funded.

Within the last four years, inspections were conducted by the Vallejo Fire Inspection Division which targeted fire safety issues only. In December 2022, the VPD building was given fire inspection clearance.

City staff indicated that 911 Operators would not be moved off-site during demolition and/or reconstruction of the police station. The 911 Operators would be continually exposed to construction noise, disruption, and hazardous materials such as asbestos, lead, and airborne dust.

The 911 Operator workstations have been received by the City of Vallejo and are currently in storage pending installation. Once a new location has been determined, the workstations can be quickly moved and set up.

California Occupational Safety and Health Administration (Cal/OSHA) was given a formal complaint by SCCGJ in July 2023 about the conditions at VPD.

Cal/OSHA provided stipulations that testing for lead dust would be required every six months with a written report as to the findings of the test. A third party conducted the testing. The tests for lead dust revealed that in 2023, the lead dust level exceeded the legal standards which warranted reporting to Cal/OSHA.

The City of Vallejo owns the property at 111 Amador Street. The Vallejo Department of Public Works determined that the VPD building should be demolished, and the grounds abated.

Approval to redesign the property was recently contracted by Public Works and the conceptual design efforts have been initiated. Estimates are that it will be an additional 3-5 years prior to the commencement of ground to shovel efforts.

FINAL 240621 FINAL 240621 Hazardous Work Environment for 911 Operations - 4 -

The City of Vallejo acquired the property at 400 Mare Island Way for $13 million dollars. The relocation of the VPD to the Mare Island Way location would cost less than the cost of building a new facility. The dispatchers could be relocated to this location within 12-18 months. City Council rejected the proposal, but yet has no alternative plan in place that is approved and funded.

IV. F

INDING AND RECOMMENDATION

F
INDING 1 – Vallejo Police Department 911 Operators continue to work in a hazardous and toxic work environment. This situation has not been resolved for years. A resolution has not been approved or funded, leaving any long-term solution undetermined.

RECOMMENDATION 1 – Temporarily move the 911 Operators to 400 Mare Island Way no later than the first quarter of 2025. When a long-term solution is completed, the 911 Operators can be moved to a permanent location.

COMMENTS

The move to 400 Mare Island Way is the most cost effective and quickest transition for the 911 operators while a long-term resolution is finalized.

The SCCGJ will follow the progress on the relocation of Police Department Staff until they are placed in a safe working environment.

For ten years, Vallejo City Council has been ignoring solutions to the core issues created by the hazardous conditions at 111 Amador Street.

EQUIRED RESPONSES

City of Vallejo, City Council
City of Vallejo, Interim City Manager
City of Vallejo, Interim Chief of Police
City of Vallejo, Mayor
City of Vallejo, Public Works Director
City of Vallejo, RISK Management
City of Vallejo, Human Resources Manager

OURTESY COPIES

Presiding Judge, Solano County Superior Court

FINAL 240621 FINAL 240621 Hazardous Work Environment for 911 Operations - 5 -

METHODOLOGY

Interviewed
• Vallejo Police Department Staff
• Vallejo City Manager Department
• Vallejo Public Works Supervisor

Reviewed
• 2021-22 Solano County Civil Grand Jury Report “Delays in Relocation of Vallejo Police Department are Costly.”
• 2022-23 Solano County Civil Grand Jury Report “Vallejo Police Department Facility:

The Health Hazard Continues”
• Inspection Reports (Third Party)
• US Census Bureau www.census.gov/quickfacts/vallejocitycalifornia

• Bureau Veritas Project Facility Condition and Assessment; November 2020 • Resolution No. 22-159 N.C. – Resolution of the City Council of the City of Vallejo approved in response to the 2021-22 Civil Grand Jury Report

Toured
• Vallejo Police Department at 111 Amador Street Vallejo, CA

CONSENT CALENDAR 8.F.

DATE: September 10, 2024
TO: Mayor and Members of the City Council
FROM: Melissa Tigbao, P.E., Public Works Director
SUBJECT: ADOPT A RESOLUTION APPROVING A SERVICE AGREEMENT WITH JON K. TAKATA

CORPORATION DBA RESTORATION MANAGEMENT COMPANY IN THE AMOUNT OF $191,424.05 FOR WORK TO REMEDIATE THE FIRE DAMAGE TO CITY HALL AND

AUTHORIZING THE CITY MANAGER TO EXECUTE SAME

RECOMMENDATION
Adopt a Resolution approving a service agreement with Jon K. Takata Corporation dba Restoration Management Company in the amount of $191,424.05 for work to remediate the fire damage at City Hall and authorizing the City Manager to execute same.

REASONS FOR RECOMMENDATION
This company performed emergency remediation work at City Hall following the generator fire, the cost of which exceeds the City Manager's spending authority.

BACKGROUND AND DISCUSSION
On Sunday, January 21, 2024, there was a Pacific Gas & Electric (PG&E) power failure in the area of City Hall. The emergency back-up generator at City Hall was automatically activated. After several hours of operation, the generator caught on fire. The Fire Department responded and extinguished the fire. Public Works staff responded immediately to assess the situation. Given the proximity of the generator to the building and the extent of resulting damage, it was determined that a full-scale hazardous clean-up was required. Out of an abundance of caution, the entirety of City Hall was closed on January 23, 2024, while air samples were collected and tested.

The Jon K Takata Corporation dba Restoration Management Company performed the remediation work, which included the following: full cleaning of the air duct system, “scrubbing” the air, pressure washing the generator pit area, and removing the burnt and toxic materials and disposing of them properly. The total remediation cost is $191,424.05.

FISCAL IMPACT
The Public Works Department authorized Jon K. Takata Corporation dba Restoration Management Company to perform emergency remediation work in the amount of $191,424.05. The cost of this work will be paid from the allocated capital budget for project PWC111-Public Building Repairs, with the anticipation that some funds will be reimbursed by insurance proceeds.

ENVIRONMENTAL REVIEW
This action is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15061(b)(3) (the common sense exemption) because it can be seen with certainty that there is no possibility that the activity in question may have a significant effect on the environment.

ATTACHMENTS

Date: September 10, 2024
Subject: ADOPT A RESOLUTION APPROVING A SERVICE AGREEMENT WITH JON K.

TAKATA CORPORATION DBA RESTORATION MANAGEMENT COMPANY IN THE AMOUNT OF $191,424.05 FOR WORK TO REMEDIATE THE FIRE DAMAGE TO

CITY HALL AND AUTHORIZING THE CITY MANAGER TO EXECUTE SAME

Page 2 ends

1. Restoration Management Company - Resolution_CAO Stamp

2. Restoration Management Company_Service Agreement 9.10

3. Restoration Mgt. Company dba for Solano Co.

CONTACT
Melissa Tigbao, P.E., Public Works Director (707) 648-4433 [email protected]

RESOLUTION NO. 24-

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VALLEJO APPROVING A SERVICE AGREEMENT WITH JON K. TAKATA CORPORATION DBA RESTORATION MANAGEMENT COMPANY IN THE AMOUNT OF $191,424.05 FOR WORK TO REMEDIATE

THE FIRE DAMAGE TO CITY HALL AND AUTHORIZING THE CITY MANAGER TO

EXECUTE SAME
WHEREAS, on January 21, 2024, a fire occurred at Vallejo City Hall causing significant smoke and diesel fume damage and the closure of City Hall; and WHEREAS, Jon K. Takata Corporation dba Restoration Management Company performed a full cleaning of the City Hall air duct system, “scrubbed” the air, pressure washed the generator pit area, and removed burnt and toxic materials and properly disposed of them at a cost of $191,424.05; and
WHEREAS, following the remediation work, Vallejo City Hall was deemed safe with no particulates found in the air and City Hall was reopened to public and staff on February 5, 2024.

NOW, THEREFORE BE IT RESOLVED that the City Council does hereby approve the Service Agreement with Jon K. Takata Corporation dba Restoration Management Company, attached as Exhibit A and incorporated by reference, for an amount not to exceed $191,424.05 for work performed to remediate the fire damage to City Hall.

BE IT FURTHER RESOLVED that the City Council hereby authorizes the City Manager to execute the Agreement.

Adopted by the City Council of the City of Vallejo at a regular meeting held on September 10, 2024 with the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:
__________________________________
ROBERT H. MCCONNELL, MAYOR
ATTEST:
___________________________________

DAWN G. ABRAHAMSON, CITY CLERK

CONSENT CALENDAR 8.G.

DATE: September 10, 2024
TO: Mayor and Members of the City Council
FROM: Melissa Tigbao, P.E., Public Works Director
Osacar Alcantar, Assistant Public Works Director, Maintenance SUBJECT: ADOPT A RESOLUTION APPROVING A FIRST AMENDMENT TO THE SERVICE AGREEMENT WITH CALIFORNIA MARINE DIESEL, INC. FOR INSPECTION AND

REPAIR WORK OF THE MARE ISLAND CAUSEWAY BRIDGE IN AN AMOUNT NOT TO EXCEED $250,000 AND AUTHORIZING THE CITY MANAGER TO EXECUTE SAME

RECOMMENDATION
Adopt a Resolution approving a First Amendment to the Service Agreement with California Marine Diesel, Inc. in an amount not to exceed $250,000 for inspection and repair work of the Mare Island Causeway Bridge in an amount not to exceed $250,000 and authorizing the City Manager to execute same.

REASONS FOR RECOMMENDATION
California Marine Diesel, Inc., has been hired to perform the emergency work needed to repair the lift span of the Mare Island Causeway Bridge. This firm has an existing contract with the City for a not-to-exceed amount of $90,000. The estimated cost of repairs will result in the contract limit exceeding $100,000; therefore, a contract amendment requiring Council approval is required.

BACKGROUND AND DISCUSSION
In response to a formal Request for Proposals issued in May 2023, the Public Works Department entered into a Service Agreement with California Marine Diesel, Inc., to provide inspection and maintenance services on the Mare Island Causeway Bridge for an amount not to exceed $90,000. As of July 2024, approximately $75,000 had been encumbered and/or expended under the contract.

On May 24, 2024, the lift span (the portion of the bridge that rises and lowers to allow for vessel traffic passage) ceased working. It was decided that the lift span would stay in the lowered position as a safety precaution to not delay emergency response to Mare Island. The lift span was left in the lowered position, allowing land traffic to cross between Mare Island and the mainland, but preventing vessel traffic, including the U.S. Coast Guard, from traveling between the Mare Island Strait and the Napa River.

The Public Works Department received a quote for inspection and emergency repair from California Marine Diesel in the amount of $80,000. Due to the urgent nature of the issue, the inspection and repair work was approved to commence immediately. The emergency repair was completed and the bridge span was placed back in operation on June 22, 2024. An amendment to the contract is necessary to cover the cost of this additional work.

FISCAL IMPACT
There is no fiscal impact with this item. Funds to pay for the repairs and ongoing inspection and maintenance costs will come from existing Council approved budget of Mare Island CFD Fund#112.

ENVIRONMENTAL REVIEW

Date: September 10, 2024
Subject: ADOPT A RESOLUTION APPROVING A FIRST AMENDMENT TO THE SERVICE AGREEMENT WITH CALIFORNIA MARINE DIESEL, INC. FOR INSPECTION AND

REPAIR WORK OF THE MARE ISLAND CAUSEWAY BRIDGE IN AN AMOUNT NOT TO EXCEED $250,000 AND AUTHORIZING THE CITY MANAGER TO EXECUTE SAME

Page 2 ends

This action is exempt from the California Environmental Quality Act (CEQA) pursuant to CEQA Guidelines Section 15301(d) - Existing Facilities, because it involves the repair of deteriorated or damaged structures, facilities, or mechanical equipment and does not expand the existing use.

ATTACHMENTS

1. Reso Approving First Amendment-CA Marine Diesel 9.10.24_CAO Stamp

2. California Marine Diesel_First Amendment_CAO Stamp

3. 23-PW229 CALIFORNIA MARINE DIESEL INC Service Agreement

CONTACT
Melissa Tigbao, P.E., Public Works Director (707) 648-4433 [email protected]

RESOLUTION NO. 24-______

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VALLEJO APPROVING A FIRST AMENDMENT TO THE SERVICE AGREEMENT WITH CALIFORNIA MARINE DIESEL, INC., FOR

INSPECTION AND REPAIR OF THE MARE ISLAND CAUSEWAY BRIDGE IN AN AMOUNT NOT TO EXCEED $250,000 AND AUTHORIZING THE CITY MANAGER TO EXECUTE SAME WHEREAS, in May 2023, the Public Works Department entered into a Service Agreement with California Marine Diesel, Inc. to provide inspection and maintenance services on the Mare Island Causeway Bridge for an amount not to exceed $90,000; and
WHEREAS, in May 2024, the lift span portion of the bridge became inoperable and was placed in the lowered position to allow vehicle traffic between Mare Island and the mainland of Vallejo, but preventing vessel traffic from traveling between the Mare Island Strait and the Napa River; and WHEREAS, California Marine Diesel, Inc., submitted a proposal in the amount of $80,000 for the repair work, and authorization for work to proceed was provided; and WHEREAS, a contract amendment is needed to cover the cost of the additional repair work.

NOW, THEREFORE, BE IT RESOLVED that the City Council hereby approves a First Amendment to the Service Agreement with California Marine Diesel, Inc., in an amount not to exceed $250,000.

BE IT FURTHER RESOLVED that the City Council hereby authorizes the City Manager to execute the agreement, with any modifications recommended by the City Attorney.

Adopted by the City Council of the City of Vallejo at a regular meeting held on September 10, 2024, with the following vote:

AYES:

NOES:

ABSENT:
____________________________________
ROBERT H. McCONNELL, MAYOR
ATTEST: _____________________________________
DAWN G. ABRAHAMSON, CITY CLERK

First Amendment to Agreement Between City of Vallejo and California Marine Diesel, Inc. Page 1 of 7

FIRST AMENDMENT TO THE

SERVICE AGREEMENT BETWEEN

CITY OF VALLEJO
AND
CALIFORNIA MARINE DIESEL, INC.

This First Amendment to the Service Agreement made and entered into on May 10, 2023, hereafter referred to as “Agreement,” between the California Marine Diesel, Inc., a California corporation, therein referred to as “Service Provider,” and the City of Vallejo, a municipal corporation, therein referred to as “City,” is made and entered into on this 11th day of September 2024.

Service Provider and City do mutually agree as follows:

1. Additional Services. Exhibit A of the Agreement, “Scope of Work,” is hereby amended to include the additional services described in “Attachment 1,” attached hereto and incorporated herein by reference.

2. Payment for Additional Services.

A. Section 1 of Exhibit B, “Compensation,” is hereby amended to read in its entirety as follows:
“City agrees to pay Service Provider, at the rate(s) specified in Attachment 1 to this Exhibit, for the services set forth in Exhibit A of this Agreement, for a total not to exceed Two Hundred Fifty Thousand Dollars and Zero Cents ($250,000.00). Price is to include all costs chargeable to the City.

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. Attachment 1 to Exhibit B, “Compensation,” is amended to include the following rate schedule:
“2024 Billable Rate Schedule - Specialty Moveable Bridge $400 Principal
$300 Principal Associate / Chief Engineer
$265 Senior Associate

First Amendment to Agreement Between City of Vallejo and California Marine Diesel, Inc. Page 2 of 7 $225 Associate/Principal Engineer
$225 Senior Engineer
$185 Professional Engineer
$140 Design Engineer
$140 Senior CAD Technician
$125 CAD Technician
The above 2024 rates are subject to an annual 4% escalation.”

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 more counterparts all of which collectively shall constitute one document and agreement.

7. Facsimile Signatures. This First Amendment shall be binding upon the receipt of facsimile signatures; provided, however, that any person transmitting his or her signature by facsimile shall promptly send an original signature to the other party at the addresses noted below:

City:

Melissa Tigbao, Public Works Director
Public Works Department
555 Santa Clara Street
Vallejo, CA 94590
Service Provider:

First Amendment to Agreement Between City of Vallejo and California Marine Diesel, Inc. Page 3 of 7 California Marine Diesel, Inc.
1490 Caspian Ave.

Long Beach, CA 90813

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 Agreement Between City of Vallejo and California Marine Diesel, Inc. Page 4 of 7 IN WITNESS WHEREOF, the parties have entered into this First Amendment on the day and year first hereinabove appearing.

CALIFORNIA MARINE DIESEL, INC.,
a California corporation
BY:

Scott Webster
Operations Manager
DATE:
(City Seal)

CITY OF VALLEJO,
a municipal corporation
BY:

Andrew Murray
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 Agreement Between City of Vallejo and California Marine Diesel, Inc. Page 5 of 7 ATTACHMENT 1

First Amendment to Agreement Between City of Vallejo and California Marine Diesel, Inc. Page 6 of 7

First Amendment to Agreement Between City of Vallejo and California Marine Diesel, Inc. Page 7 of 7

May 9, 2023 11:49 AM, 1099834739
Contract and Routing Form
Requisition Number: 1046099694
Date Originated:

Finance Department ∙ 555 Santa Clara Street ∙ Vallejo ∙ CA ∙ 94590 ∙ 707.648.4592 Department: Public Works Departments, Maintenance
Staff Contact: Rodney Henderson, [email protected] Contract Type: Other: Service Agreement
Vendor: California Marine Diesel
Contract Not to Exceed Amount: 90000.00
Contract Start Date: May 10, 2023 End Date: Jun 30, 2024 Option to Extend: in one year intervals, no to extend beyond June 30, 2028 Authority to Contract: City Manager
Other Comments:

This agreement is for regular bridge inspection and maintenance services.

We put out an RFP for bridge inspection and maintenance service and did not receive any proposals. We thus are executing this agreement with CMD.

Attachments are uploaded for review here: https://bit.ly/vContracts Approved Pre-Requisition Form
Changes to pre req:

DocuSign Envelope ID: 41B3650B-637B-4227-800F-8726AAB47AEE 23-PW229
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: Rodney Henderson
DocuSign Envelope ID: 41B3650B-637B-4227-800F-8726AAB47AEE 6/12/2023
8/8/2023
8/9/2023
8/10/2023
8/14/2023
8/14/2023

Dec 13, 2022 10:44 AM, 1046099694
Pre-Requisition Form

Will an HTE Purchase Order be used as the contract/agreement? Yes Purchasing Authority: Department Director/ACM
Total Projected Expenditure: 25001.00
Anticipated Account Number 112-2615-431.15-24
Multiple Project Numbers? Multiple Account Numbers? No, just one

Description of Proposed Purchase:

California Marine Diesel Inc. specialize in vertical lift bridges. Scope of work to diagnose and troubleshoot Mare Island bridge provide repairs to bridge span lock motors, bridge control board, cross arm actuators and electrical issues.

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 am exempt from having to complete a Competitive Process

Exemption Explanation:
(VMC 3.20.080 A 5) The acquisition involves highly specialized equipment.

Explanation for Vendor Selection:

California Marine Diesel Inc, 20k, Specialize in repairs on Mare Island Causeway Bridge and they have worked for the City in the past.

Other Comments:

It is very hard to find a contractor that specializes in Bridge repair.

Uploaded documents available for review https://bit.ly/vPreReqs.

WarrantyNot sure

DocuSign Envelope ID: 41B3650B-637B-4227-800F-8726AAB47AEE

DocuSign Envelope ID: 41B3650B-637B-4227-800F-8726AAB47AEE Pre-Requisition Signature Section
Complete HTE Requisition and Write # here before routing:

Department Comment
Supervisor/Manager: Brisa Long
Title: Admin Analyst
E-mail: [email protected]
_
_
Signature Date
Delegated Signee: Melissa Tigbao
Title: Public Works Director
E-mail: [email protected]
_
Signature Date
Route Final HTE PO to City Clerk for Contract Log
Brisa Long
Digitally signed by Brisa Long
DN: cn=Brisa Long, o=City of Vallejo, ou=Public
Works, [email protected], c=US
Date: 2022.12.13 10:47:19 -08'00'
Digitally signed by Melissa L. Tigbao
DN: cn=Melissa L. Tigbao, o, ou,
[email protected], c=US
Date: 2022.12.14 12:27:55 -08'00'
DocuSign Envelope ID: 41B3650B-637B-4227-800F-8726AAB47AEE

Services Agreement Page 1 of 21

SERVICE AGREEMENT

This Services Agreement ("Agreement") is made at Vallejo, California, dated for reference this 10th day of May, 2023, by and between the C ity of Vallejo , a municipal corporation ("City"), and California Marine Diesel, Inc. ,a California corporation, hereinafter referred to as “Service Provider”, who agree as follows:

1. Services. Service Provider shall provide the City monthly, quarterly, bi-annual, and annual bridge inspection and regular maintenance services on the Mare Island Causeway Bridge subject to the terms and conditions set forth in this Agreement, and as specified in Exhibit A, entitled “Scope of Work.”

2. Payment. City shall pay Service Provider for services rendered pursuant to this Agreement at the times and in the manner set forth in Exhibit B, entitled “Compensation.”

3. Equipment and Labor. Service Provider shall, at its sole cost and expense, furnish all equipment and labor which may be required for furnishing services pursuant to this Agreement in a safe, efficient, and legal manner. The Service Provider shall at all times furnish and maintain sufficient equipment as necessary to perform the work of this contract.

Such equipment shall be subject to the inspection and approval of the City's Representative.

4. Indemnification. 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 Provider’s operations, to be performed under this agreement for Service Provider’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 Provider, 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.” Failure to maintain required insurance at all times shall constitute a default and material breach.

6. Accident Reports. Service Provider shall immediately report (as soon as feasible, but not more than 24 hours) to the City Risk Manager any accident or other occurrence causing injury or death to persons or damage to property during the performance of this Agreement.

The report shall be made in writing and shall include, at a minimum: (a) the names, addresses, and telephone numbers of the persons involved, (b) the names, addresses, and telephone numbers of any known witnesses, (c) the date, time, and description of the accident or other occurrence.

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7. Repairs and Corrective Actions. Service Provider shall communicate to the City any related hazards encountered while performing services under Agreement. Any hazardous conditions noted, or seen, by the Service Provider that have occurred by any means other than during the performance of the Service Provider's work, whether by vandalism or any other means, shall be promptly reported to the City’s Representative. The Service Provider is responsible for securing any immediate hazards with caution tape, safety cones, buoys, and/or barricades until a City Representative arrives to the location.

8. Conflict of Interest. Service Provider warrants and represents that to the best of its knowledge, there exists no actual or potential conflict between Service Provider’s family, business, real property or financial interests and the services to be provided under this Agreement. Service Provider shall comply with the City of Vallejo Conflict of Interest Code and not enter into any contract or agreement during the performance of this Agreement which will create a conflict of interest with its duties to City under this Agreement. In the event of a change in Service Provider’s family, business, real property, or financial interests occurs during the term of this Agreement that creates an actual or potential conflict of interest, then Service Provider shall disclose such conflict in writing to City.

9. Independent Service Provider. Service Provider is an independent Service Provider.

Neither Service Provider nor any of Service Provider ’s officers, employees, agents, or subcontractor Providers, if any, is an employee of City by virt ue 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 Agreement; however, City shall not have the right to control the means by which Service Provider accomplishes services pursuant to this Agreement.

10. 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 the work to be performed under this Agreement. Service Provider shall comply with all applicable Federal and State of California statutes, rules and regulations in performance of the work.

11. Business License. Service Provider, and its subcontractor Providers, 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.

12. Standard of Performance. Service Provider shall provide products and perform all services required pursuant to this Contract 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 c onditions by a member of Service Provider ’s profession currently practicing in California.

Service Provider is responsible for making an independent evaluation and judgment of all conditions affecting performance of the work, including without limitation applicable federal, state, and local laws and regulations, and all other contingencies or considerations.

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Service Provider’s responsibilities under this section shall not be delegated. Service Provider shall be responsible to City for acts, errors, or om issions of Service Provider’s subcontractor Providers.

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 Contract and determining 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.

13. Warranty. All pothole repairs shall be warrantied for two years from the date of repair. In the event that a repair does not last the two year period, the Service Provider will need to return to make repairs at no cost to City.

14. Force Majeure. Neither party shall be considered in default of this Agreement to the extent performances are prevented or delayed by causes or circumstances beyond either party’s reasonable control, such as war, riots, strikes, lockouts, work slowdown or stoppage, acts of God, such as floods or earthquakes, and electrical blackouts or brownouts. In the event that the Service Provider is unable to meet the completion date or schedule of services, Service Provider shall immediately inform the City Representative of this in writing. If additional time is required to perform the work, the City Representative may adjust the schedule.

15. Time is of the Essence. Time is of the essence in this Agreement. Any reference to days means calendar days, unless otherwise specifically stated.

16. 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 such competent personnel shall constitute grounds for termination of this Agreement.

The payment made to Service Provider pursuant to this Agreement shall be the full and complete compensation to which Service Provider and Service Provider’s officers, employees, agents, and subcontractor Providers are ent itled for performance of any work under this Agreement. Neither Service Provider nor Service Provider’s officers or employees are entitled to any salary or wages, or retirement, health, leave or other fringe benefits applicable to employees of the City. The City will not make any federal or state tax withholdings on behalf of Service Provider. The City shall not be required to pay any workers' compensation insurance on behalf of Service Provider.

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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.

17. Service Provider Not Agent. Except as authorized under this Agreement or as City may authorize in a letter of authorization signed by the City Manager or his or her designee, Service Provider shall have no authority, express or implied to act on behalf of City in any capacity whatsoever as an agent. Service Provider shall have no authority, express or implied, under this Agreement, to bind City to any obligation whatsoever.

18. Term. The term of this Agreement shall commence on May 10, 2023 and shall continue in full force and effect until June 30, 2024.

Upon expiration of original Agreement, the City may, at its discretion and upon written notice to Service Provider, extend Agreement in intervals of one (1) year for a maximum Agreement term not to extend beyond June 30, 2028.

19. Termination or Abandonment by City. The City has the right, at any time and in its sole discretion, to immediately terminate this Agreement by giving notice to Service Provider.

Upon receipt of a notice of termination, Service Provider shall not provide services except as specified in the notice. Before the date of termination, Service Provider shall deliver to City all City records and documents, all work product, whether completed or not, as of the date of termination and not otherwise previously delivered.

The City shall pay Service Provider for services performed in accordance with this Agreement before the date of termination. If this contract provides for payment of a lump sum for all services or by task and termination occurs before completion of the wor k or any defined task which according to the performance schedule was commenced before the notice of termination, the fee for services performed shall be based on an amount mutually agreed to by City and Service Provider for the portion of work completed in conformance with this Agreement before the date of termination. In addition, the City will reimburse Service Provider for authorized expenses incurred and not previously reimbursed. The City shall not be liable for any fees or costs associated for the t ermination or abandonment except for the fees, and reimbursement of authorized expenses, payable pursuant to this section.

20. Products of Con tracting Services. The work product, including without limitation, all writings, work sheets, reports, recordings, drawings, files, detailed calculations and other work products, whether complete or incomplete, of Service Provider resulting from services rendered pursuant to this Agreement, shall become the property of City. Service Provider agrees that all copyrights which arise from creation of the work under this Agreement shall be vested in the City and waives and relinquishes all claims to copyright or other intellectual property rights in favor of the City. City acknowledges that its use of the work product is limited to the purposes contemplated by the scope of work and that the Service Provider makes no representation of the suitability of the work product for use in or application to circumstances not contemplated by the scope of work.

Documents submitted to the City in electronic format shall be formatted according to specifications provided by the City, or if not otherwise specified, in Microsoft Word, Excel, PowerPoint or other Microsoft Office Suite format as appropriate for the particular work product DocuSign Envelope ID: 41B3650B-637B-4227-800F-8726AAB47AEE

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or, if directed by the City Representative in Adobe Acrobat PDF format.

21. Cooperation by City. City shall, to the extent reasonable and practicable, assist and cooperate with Service Provider in the performance of Service Provider’s services hereunder.

22. Assignment and Subcontracting. Service Provider shall not subcontract, assign or transfer voluntarily or involuntarily any of its rights, duties or obligation under this Agreement without the express written consent of the City Manager or his or her designee in each instance. Any attempted or purported assignment of any right, duty or obligation under this Agreement without said consent shall be void and of no effect.

If subcontracting of work is permitted, Service Provider shall pay its subcontractor Provider within ten (10) days of receipt of payment by City for work performed by a subcontractor Provider and billed by the Service Provider. Use of the term subcontractor Provider in any other provision of this contract shall not be construed to imply authorization for Service Provider to use subcontractor Providers for performance of any service under this Agreement.

When any portion of the work which has been subcontracted by the Service Provider is not being prosecuted in a satisfactory manner, the subcontract for such work shall be terminated immediately by the Service Provider upon written notice from the APWD- Maintenance, and the subcontractor Provider shall not again be employed on the type of work in which his or her performance was unsatisfactory.

The City is an intended beneficiary of any work performed by Service Provider’s subcontractor Provider for purposes of establishing a duty of care between the subcontractor Provider and City.

Any subcontractor Provider or assignee consented to by City shall be bound by all terms and conditions of this agreement and the same shall be incorporated into and made a part of any assignment or subcontractor Provider agreement.

In no case shall the use of subcontractor Providers in any way alter the position of the Service Provider in relation to this Contract. When a subcontractor Provider is used, the responsibility for every portion of the work shall still remain with the Service Provider.

23. Successors and Assigns. All terms, conditions, and provisions of this Agreement shall apply to and bind the respective heirs, executors, administrators, successors, and assigns of the parties. Nothing in this section is intended to affect the limitation on assignment.

24. Non-Discrimination/Fair Employment Practices. Service Provider shall not, because of race, religious creed, color, sex, national original, ancestry, disability, medical condition, age, marital status or sexual orientation of any person, refuse to hire or employ, or to bar or discharge from employment, or to discriminate in compensation, or in terms, conditions or privileges any person, and every employee will receive equal opportunity for employment and shall be granted equal treatment with respect to compensation, terms, conditions or other privileges of employment, without regard to his race, religious creed, color, sex, national origin, ancestry, or disability, medical condition, age, marital status or sexual orientation.

Service Provider warrants and represen ts it is an equal opportunity employer and agrees it shall not discriminate on the basis of race, religious creed, color, sex, national origin, ancestry, DocuSign Envelope ID: 41B3650B-637B-4227-800F-8726AAB47AEE

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disability, medical condition, age, marital status or sexual orientation in the selection and retention of employees, subcontractor Providers or procurement of materials or equipment.

25. Notices. All notices or instruments required to be given or delivered by law shall be in writing and shall be effective upon receipt thereof and shall be by personal service or delivered by depositing the same in any United States Post Office, registered or certified mail, postage prepaid, addressed to:

If to City Public Works Department:

Melissa Tigbao, Public Works Director
Public Works Department
555 Santa Clara Street
Vallejo, CA 94590

If to Service Provider:

Denys Ammann
Vice President
California Marine Diesel, Inc.
1490 Caspian Ave
Long Beach, CA 90813

Any party may change its address for receiving notices by giving written notice of such change to the other party in accordance with this section. Routine administrative communications shall be made pursuant to section 1 of Exhibit A.

26. Integration Clause. This Agreement, including all Exhibits, contains the entire agreement between the parties and supersedes whatever oral or written understanding they may have had prior to the execution of this Agreement. This Agreement shall not be amended or modified except by a written agreement executed by each of the parties hereto.

27. Severability Clause. Should any provision of this Agreement ever be deemed to be legally void or unenforceable, all remaining provisions shall survive and be enforceable.

28. Law Governing. This Agreement shall in all respects be governed by the law of the State of California without regard to its conflicts of law rules. Litigation arising out of or connected with this Agreement shall be instituted and maintained in the courts of Solano County in the State of California or in the United States District Court, Eastern District of California, Sacramento, California, and the parties consent to jurisdiction over their person and over the subject matter of any such litigation in such courts, and consent to service of process issued by such courts.

29. Waiver. Waiver by either party of any default, breach or condition precedent shall not be construed as a waiver of any other default, breach or condition precedent or any other right hereunder.

30. Ambiguity. The parties acknowledge that this is a negotiated agreement, that they have had the opportunity to have this Agreement reviewed by their respective legal counsel, and that the terms and conditions of this Agreement are not to be construed against any party on the basis of such party's draftsmanship thereof.

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31. Gender. All pronouns and any variations thereof shall be deemed to refer to the masculine, feminine, neuter, singular or plural, as the identifications of the person or persons, firm or firms, corporation or corporations may require.

32. Headings. The section headings contained in this Agreement are inserted for convenience only and shall not affect in any way the meaning or interpretation of this Agreement.

33. Compliance with Laws. Service Provider will comply with all statutes, regulations and ordinances in the performance of all services under this Agreement.

34. Confidentiality of City Information. During the performance of services under this Agreement, Service Provider may gain access to and use City information regarding, but not limited to, procedures, policies, training, operational practices, and other vital information (hereafter collectively referred to as "City Information") which are valuable, special and unique assets of the City. Service Provider agrees that it will not use any information obtained as a consequence of the performance of services under this Agreement for any purpose other than fulfillment of Service Provider’s scope of work , to protect all City Information and treat it as strictly confidential and proprietary to City, and that it will not at any time, either directly or indirectly, divulge, disclose or communicate in any manner any City Information to any third party, other than its own employees, agents or subcontractor Providers who have a need for the City Information for the performance of services under this Agreement, without the prior written consent of City, or as required by law. Service Provider shall treat all records and work product prepared or maintained by Service Provider in the performance of this Agreement as confidential. A violation by Service Provider of this section shall be a material violation of thi s Agreement and will justify legal and/or equitable relief. Service Provider’s obligations under this section shall survive the completion of services, expiration or termination of this Agreement.

35. News and Information Release. Service Provider agrees that it will not issue any news releases in connection with either the award of this Agreement, or any subsequent amendment of or efforts under this Agreement, without first obtaining review and approval of said news releases from City through the City Representative.

36. City Representative. The City Representative specified in Exhibit A, or the representative's designee, shall administer this Agreement for the City.

37. Counterparts. The parties may execute this Agreement in one or more counterparts, each of which shall be deemed an original, but all of which together shall be deemed one and the same instrument.

38. Facsimile Signature; Electronic Signature. This Agreement shall be binding upon the receipt of facsimile signatures or e-mailed by PDF or otherwise. Any person transmitting his or her signature by facsimile or electronically shall promptly send an original signature to the other party pursuant to the notice provision of this Agreement. The failure to send an original shall not affect the binding nature of this Agreement.

39. Authority. The person signing this Agreement for Service Provider hereby represents and warrants that he/she is fully authorized to sign this Agreement on behalf of Service DocuSign Envelope ID: 41B3650B-637B-4227-800F-8726AAB47AEE

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Provider.

40. Exhibits. The following exhibits are attached hereto and incorporated herein by reference:

Exhibit A, entitled “Scope of Work,” including any attachments Exhibit B, entitled “Compensation,” including any attachments Exhibit C, entitled “Insurance Requirements,” including attachments

[Signatures on following page]

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IN WITNESS WHEREOF, the parties have executed this Agreement on the day and year shown below the name of each of the parties.

CALIFORNIA MARINE DIESEL, INC.
a California corporation
By:

Scott Webster
DATE: ____________________
Vallejo Business License No.
(City Seal)

CITY OF VALLEJO,
a municipal corporation
By:

Michael Malone
City Manager
DATE:

ATTEST:

By:

Dawn G. Abrahamson
City Clerk
APPROVED AS TO CONTENT:

Melissa Tigbao
Public Works Director
APPROVED AS TO FORM:

Veronica A.F. Nebb
City Attorney
APPROVED AS TO INSURANCE:

Armond Sarkis
Risk Manager
DocuSign Envelope ID: 41B3650B-637B-4227-800F-8726AAB47AEE 6/9/2023
8/14/2023

EXHIBIT A
Exhibit A – Scope of Work Page 10 of 21

EXHIBIT A - SCOPE OF WORK

1. Representatives. The City Representative for this Agreement is:

Rodney Henderson, Public Works Supervisor
111 Amador Street
Vallejo, CA 94590
(707) 648-4557
[email protected]
The Service Provider’s Representative for this Agreement is:

Denys Ammann
1490 Caspian Ave
Long Beach, CA 90813
562-491-5665
[email protected]
All routine administrative communications between the parties will be between the above named representatives and may be by personal delivery, mail, facsimile transmission, or electronic mail as agreed between the Service Provider Representative and City’s Representative.

2. Services to be Provided. Service Provider shall perform the following:

A. Regular Inspection and Preventive Maintenance on a regular basis, including but not limited to the following:

I. Bridge Structure
Item Description
Tower and Girders Check connections, man ways, approach fasteners, coatings, edge lubrication and overall wear
Super Structure Check corrosion, connections, hardware and roof Foundation Check connections, hardware, grout
II. Under Span Inspection and Service Requirements
Item Description
4 Span Locks Check Fasteners, LIMIT switch housing
4 Drive Motor Check Fasteners, brake condition, coupling condition 4 Air Cushions Oil pans cleaned, add oil as needed, shaft condition Drag Bar Grease drag bar gate
Jack Shaft Check fasteners, bearings, lubrication, linkage FT Torque Control Coupling Lube w/ #2 grease
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EXHIBIT A
Exhibit A – Scope of Work Page 11 of 21
Speed Reducer Check oil
Speed Reducer Replace #4 gear oil
Crank Shaft Bearings Lube w/#2 grease
Ajax Gear Coupling Lube w/ #2 grease
Connecting Rod Gearing Lube w/ waterproof bearing grease Locking Pin Sleeve Bearings Lube w/ #2 grease
Spin Lock Motor Lube w/#2 grease (1 pump only)
Air Buffer Lower Bushing Lube w/ #2 grease
Air Buffer Upper Cylinder Add 90wt oil
Counter Weight Guides Lube w/ open gear grease
Span Guides Lube w/ open gear grease
III. West Tower Inspection and Service Requirements
Item Description
Air Motor Oiler Keep filled w/ pneumatic Airoilene oil
Pinion Shaft Pillowblock bearings Lube w/ #2 grease
Main Sheave Shaft Bearing Lube w/#2 grease
Parallel Shaft Reducers Keep filled w/ grade 4 gear oil Ajax Gear Couplers Flush lube w/ #2 grease
Single Reduction Speed
Reducers
Check #4 gear oil levels (keep full)
Single Reduction Speed
Reducers
Replace #4 gear oil
Falk Steel Flex Coupling Flush grease w/ #2 grease
Double Reduction Speed
Reducer
Check #4 gear oil levels (keep full)
Double Reduction Speed
Reducer
Replace #4 gear oil
Pinion and Ring Gear Set Lube w/ open gear lube
Suspension Ropes Lube w/ rope grease
Span Lift Motors Lube w/ #2 grease (1 pump only)
Henschel Position Transmitters Lube w/ #2 grease (2 pumps only) Latch motor brakes, shafts,
couplings, bearings
Check for corrosion, excessive wear, and overall
condition
Main motor brakes Check fasteners, brake and coupling condition, gearbox oil level
Main motor brake drums Check friction, coil, adjustment, electrical Shafts, couplings, and bearings Check for corrosion
Limit switches and housings Check for corrosion
Lighting and electrical Check house light, b reaker panel, housekeeping, outer gates, inner gates
Frame Check for corrosion, weldments
Frame Fasteners Check for corrosion, weldments
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EXHIBIT A
Exhibit A – Scope of Work Page 12 of 21
Gearbox Check oil level, lube leak, fasteners
Hoist drive motor Check lubrication, exterior condition, Ext. resistor bank, operation, drive lines, brush rigging
Linkage - Drag Bar, Jack Shaft Inspect all parts for corrosion, lubrication, alignment, lube with grease
Air Cushions Check shaft and fastener condition, add oil, clean oil pan IV. East Tower Inspection and Service Requirements
Item Description
Air Motor Oiler Keep filled w/ pneumatic airoilene oil
Pinion Shaft Pillowblock bearings Lube w/ #2 grease
Main Sheave Shaft Bearing Lube w/#2 grease
Parallel Shaft Reducers Keep filled w/ grade 4 gear oil Parallel Shaft Reducers Replace grade 4 gear oil
Ajax Gear Couplers Flush lube w/ #0 grease
Single Reduction Speed
Reducers
Check #4 gear oil (keep filled)
Single Reduction Speed
Reducers
Replace #4 gear oil
Falk Steel Flex Coupling Flush grease w/ #2 grease
Double Reduction Speed
Reducer
Check #4 gear oil (keep filled)
Double Reduction Speed
Reducer
Replace #4 gear oil
Pinion and Ring Gear Set Lube w/ open gear lube
Suspension ropes Lube w/ rope grease
Span Lift Motors Lube w/ #2 grease (1 pump only)
Henschel Position Transmitters Lube w/ #2 grease (2 pumps only) Latch motor brakes, shafts,
couplings, bearings
Check for corrosion, excessive wear, and overall condition Main motor brakes Check fasteners, brake and coupling condition, gearbox oil level
Main motor brake drums Check friction, coil, adjustment, electrical Shafts, couplings and bearings Check for corrosion, excessive wear, and overall condition Limit switches Check overall condition
Lighting and electrical Check house light, breaker panel, housekeeping, outer gates, inner gates
Frame Check for corrosion
Frame Fasteners Check for corrosion
Gearbox Check oil level, lube leak, fasteners
Hoist drive motor Check lubrication, exterior condition, Ext. resistor bank, operation, drive lines, brush rigging
Linkage - Drag Bar, Jack Shaft Inspect all parts for corrosion, lubrication, alignment, lube with grease
Air Cushions Check shaft and fastener condition, add oil, clean oil pan DocuSign Envelope ID: 41B3650B-637B-4227-800F-8726AAB47AEE

EXHIBIT A

Exhibit A – Scope of Work Page 13 of 21

V. Machine House
Item Description
Frame Inspect hardware, welds
Bull Wheel Check lubrication; inspect bearings, rope guide, overall condition
Control cabinet at hoist Check exterior, mounting, fasteners, gasket Cabling Check cables, alignment, condition, damages, connection to cabinet
Gearbox Check oil level; inspect lube leak, fasteners, sound Hoist Drive Motor Inspect lubrication, exterior condition, exterior resistor bank, operation drive lines
Brush Rigging Inspect mounting, brushes, commutator
Brakes Check friction, adjustment, electrical, coil
Electrical Check house lights, breaker panel, outer gates, inner gates Control Cabinet at Hoist -Exterior Check appearance, mounting, fasteners, gasket Control Cabinet at Hoist -Interior Inspect wiring, condition, terminals, XFMR Cabling Inspect alignment, connections, overall condition Load Components – Wire Rope Inspect dimension, corrosion, end fasteners, strands, tension, lubrication
Load Components – Bull Wheel Inspect sheaves, frame, hardware, teeth, drip trays Main Control Cabinet - Safety Inspect emergency stop, emergency disconnect, auto function
Main Control Cabinet - Exterior Inspect mounting, latch, navigation lights, fire hazards, overall condition
Main Control Cabinet - Interior Inspect wiring, lights, cable support, dry/wet Main Control Cabinet - Devices Inspect MCCB, breakers, switchgear, flashers, exterior control, warnings, horns
** Lube with grease or add oil of the appropriate type/grade for the applicable parts/equipment if specific type not included above

B. As-Needed Repairs
For the purpose of this contract, As -Needed Repairs is defined as work that is not time sensitive or where the work involved is of such a nature that allows for advanced scheduling.

Scheduled maintenance and repair requests shall be res ponded to within two (2) working days of notification. In no event will Scheduled Maintenance Service be considered overtime without prior approval of the City Representative.

Prior to starting work, Service Provider shall provide City Representative or t heir designee, an estimate of the total cost to complete the needed repairs based on the Appropriate Billable Rates as specified in Exhibit B, as well as the estimated timeline for completion of repairs.

C. Emergency Maintenance
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EXHIBIT A

Exhibit A – Scope of Work Page 14 of 21

For the purpose of this contract, Emergency Maintenance is defined as maintenance or repairs that must be completely immediately in order to address safety concerns.

Emergency maintenance shall be performed by the Service Provider at the direction of the City Representative or their designee.

When notified by the City to respond to an emergency situation, the Service Provider shall be at the site the same day of notification. The Service Provider shall maintain a telephone number where contact can be made twenty-four (24) hours per day.

Prior to starting work, Service Provider shall provide City Representative or their designee, an estimate of the total cost to complete the needed repairs based on the Appropriate Billable Rates as specified in Exhibit B , and the estimated timeline for completion of repairs.

D. Work Reports
Service Provider shall pr epare and submit detailed reports listing all bridge items inspected, conditions noted, and service actions taken. These reports must accompany invoices submitted for payment. Payment will be withheld unless/until reports are submitted.

3. Materials. Service Provider shall provide all materials required to complete quality and sustainable inspections and repairs. Materials used shall be in accordance with those tested and recommended for the work being performed.

4. Beginning of Work. With the exception of emergency work, Service Provider shall notify the City Representative, in writing, at least 48 hours before work begins. The notice shall specify the date and approximate time the Service Provider will be on site at the bridge to perform inspections and/or maintenance or repair work.

The Service Provider shall, on commencing operations, take all precautions required for public safety and shall observe all safety laws, regulations and work practices.

5. Hours of Operation. Regular working hours are 8:00 a.m. to 5:00 p.m., Monday through Friday, excluding holidays observed by the City. No work outside of the regular working hours shall be done unless previously requested by the Service Provider in writing and approved by the City in writing. Service Provider is subject to reimbursing the City for the costs of providing inspection outside of regular working hours.

6. Inspection. The City’s Representative shall be furnished with every reasonable means for ascertaining full knowledge of the operations, including the workmanship, materials and equipment used and employed in the work.

Defective work shall be made good even if the defective work was not pointed out during the initial inspection and the work was accepted for payment. Any work found to be unacceptable by the City will be noted in writing to the Service Provider. Upon receipt of notice of any deficiencies, the Service Provider shall make a reasonable effort to correct the deficiencies within five (5) working days. If unacceptable conditions are not corrected within this time period, the City shall have the right to deduct payment or have services performed by others at the Service Provider's expense.

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EXHIBIT A
Exhibit A – Scope of Work Page 15 of 21

7. Rejected Materials. The Service Provider shall immediately remove any rejected or condemned material provided by the Service Provider at his or her own expense. Rejected materials shall never again be offered to the City. Additionally, as a remedy, the City may deduct and retain the cost to replace the work from any sums due or to become due to the Service Provider.

8. Safety Requirements. Service Provider agrees to perform all work outlined in the Agreement in such a manner as to meet all accepted standards for safe practices and to safely maintain stored equipment, machines, and materials or other hazards consequential or related to the work; and agrees additionally to accept the sole responsibility for complying with all City, County, State or other legal requirements including, but not limited to, full compliance with the terms of applicable O.S.H.A., CAL E.P.A. Safety Orders at all times so as to protect all persons, including Service Provider employees, agents of the City, vendors, members of the public or others from foreseeable injury, or damage to their property.

Service Provider shall cooperate fully with City in the investigation of any accident, injury or death occurring on City property, including a complete written report thereof to the City Representative within twenty‐four (24) hours following the occurrence.

9. Department of Industrial Relations. For the duration of this agreement, Service Provider shall maintain an active registration as a public works contractor in good standing with the State of California Department of In dustrial Relations (DIR). Service Provider shall comply with all applicable DIR requirements. The project connected to this contract will be registered with the DIR.

DocuSign Envelope ID: 41B3650B-637B-4227-800F-8726AAB47AEE

EXHIBIT B
Exhibit B – Compensation Page 16 of 21

EXHIBIT B - COMPENSATION

1. Compensation. City agrees to pay Service Provider, at the rate(s) specified in Attachment 1 to this Exhibit, for the services set forth in Exhibit A of this Agreement, for a total not to exceed Ninety Thousand Dollars and Zero Cents ($90,000.00). Price is to include all costs chargeable to the City.

2. Invoicing. Service Provider shall invoice City in a timely manner upon completion of each service provided in a form approved by the City Representative. Invoicing shall include a detailed description of the work performed, the quantity and unit price for the work performed, total cost, and the City of Vallejo Purchase Order Number.

Invoices shall be submitted via email to [email protected].

3. Account Statements. Service Provider shall send account statements on a monthly basis.

The account statements shall list outstanding invoice data, such as invoice number, invoice date, and invoice total. Statements shall be emailed to [email protected].

4. Payment. City agrees to pay Service Provider for those services set forth in Exhibit A of this Agreement and for all authorized reimbursable expenses, within thirty (30) days after the City has approved the invoice upon satisfactory completion of the services.

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 performed under this A greement 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.

DocuSign Envelope ID: 41B3650B-637B-4227-800F-8726AAB47AEE

Page 17 of 21 ends

Vallejo City CouncilSeptember 10, 2024

Vallejo City Council
September 10, 2024