Agenda packet — Vallejo City Council, February 11, 2025 (part 1 of 6)

HYBRID MEETING
www.Cityofvallejo.net

CALL AND NOTICE OF REGULAR
MEETING AT 7:00 PM OF THE

VALLEJO CITY COUNCIL

FEBRUARY 11, 2025

Council Chambers
555 Santa Clara Street
Vallejo, CA 94590

COUNCIL MEMBERS
Andrea Sorce (Mayor)
Peter Bregenzer (Vice-Mayor)
Helen-Marie Gordon
Tonia Lediju, PhD
Alexander Matias
Diosdado "JR" Mtulac
Charles Palmares

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
Scan QR code for live captions and translation in Spanish and Tagalog.

Hybrid Options are available for members of the public to participate. To participate remotely

Option to Join by Computer
From your browser go to https://ZoomRegular.CityofVallejo.net to launch and join the zoom application.

Meeting ID: 914 0075 0676#
Meeting Password: 131313
Option to Join by Phone
Dial (669) 900-6833
Enter Meeting ID: 914 0075 0676#
Meeting Password: 131313
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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

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

AGENDA

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 BLACK HISTORY MONTH - FEBRUARY 2025
B. INTRODUCTION OF VALLEJO YOUTH DELEGATION TO THE NATIONAL

LEAGUE OF CITIES CONGRESSIONAL CONFERENCE IN
WASHINGTON,DC.

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: Approval of minutes from the special meeting of January 21 and the special and regular meetings of January 28, 2025 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 QUARTERLY INVESTMENT REPORT
Recommendation:

Accept the City Treasurer’s Investment Report for the quarter ended December 31, 2024.

Contact: Rekha Nayar, Finance Director, (707) 648-4592
[email protected]
D. ADOPT A RESOLUTION ACCEPTING A UNITED STATES DEPARTMENT OF JUSTICE BUREAU OF JUSTICE ASSISTANCE FISCAL YEAR 2024 CONNECT AND PROTECT: LAW ENFORCEMENT BEHAVIORAL HEALTH

RESPONSE PROGRAM GRANT AWARD, AUTHORIZE THE CITY

MANAGER OR HIS DESIGNEE TO EXECUTE THE AWARD PACKAGE AND PROVIDE NOTICE OF INTENT TO AMEND THE FISCAL YEAR 2024–2025 BUDGET IN THE AMOUNT OF $550,000
Recommendation:

1. Adopt a Resolution accepting a United States Department of Justice (“US DOJ”) Bureau of Justice Assistance (“BJA”) Fiscal Year 2024 (“FY24”) Connect and Protect: Law Enforcement Behavioral Health Response Program grant award totaling $550,000 from the United States Office of Justice Programs.

2. Authorize the City Manager or his designee to execute the Award Package.

3. As the first in a two-step process, accept notice of intent to amend the Fiscal Year 2024-2025 BJA FY24 Connect and Protect: Law Enforcement Behavioral Health Response Program general fund budget to recognize revenue and appropriate expenditure in the amount of $550,000.

Contact: Jason Ta, Chief of Police (707) 648-4540;
[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. INTRODUCTION OF AN ORDINANCE AMENDING CHAPTERS 16.203- MIXED USE DISTRICTS, 16.204-COMMERCIAL DISTRICTS, 16.212- HILLSIDE DEVELOPMENT STANDARDS, 16.301-USE STANDARDS
TABLE, 16.508-OFF-STREET PARKING AND LOADING, AND 16.701-LAND USE TERMS AND DEFINITIONS IN TITLE 16 OF THE VALLEJO

MUNICIPAL CODE
Recommendation: Introduction of an Ordinance amending Chapters 16.203- Mixed Use Districts, 16.204-Commercial Districts, 16.212-Hillside Development Standards, 16.301-Use Standards Table, 16.508-Off-Street Parking and Loading, and 16.701-Land Use Terms and Definitions in Title 16 of the Vallejo Municipal Code.

Contact: Kristin Pollot, Community & Development Services Director (707) 648- 4283
[email protected]
B. ADOPT A RESOLUTION APPROVING A CONSULTANT AND

PROFESSIONAL SERVICES AGREEMENT WITH LANCE, SOLL &

LUNGHARD, LLP FOR AUDITING AND COMPLIANCE SERVICES AND

AUTHORIZING THE CITY MANAGER TO EXECUTE SAME
Recommendation: Adopt a resolution approving a Professional Services Agreement with Lance, Soll & Lunghard, LLP ("LSL") for auditing and compliance services for the three-year period beginning Fiscal Year 2024-25, with an option of two 1-year extensions, for a total amount not to exceed $765,000 for the entire five-year period and authorizing the City Manager to execute same.

Contact: Rekha Nayar, Finance Director, 707-648-4592
[email protected]
C. NOTICE OF INTENT TO AMEND FISCAL YEAR 2024-25 BUDGET, MID- YEAR (STEP 1 OF 2)
Recommendation: Provide notice of intent to amend the City's Fiscal Year 2024-25 Adopted Budget.

Contact: Rekha Nayar, Finance Director (707) 648-4592
[email protected]
D. DISCUSSION AND DIRECTION ON CITY COUNCIL 2025 GOAL SETTING

PROCESS
Recommendation: Discuss options for the City Council 2025 goal setting process and provide direction to staff.

Contact: Andrew Murray, City Manager (707) 648-4576
[email protected]
E. DISCUSSION AND DIRECTION ON CITY COUNCIL REFERRALS
Recommendation: Receive the scopes of work that City staff developed for sixteen City Council referrals and the list of referrals added since September 2024 and provide direction to staff on next steps.

Contact: Andrew Murray, City Manager (707) 648-4576
[email protected]
F. REPEAL RESOLUTION NO. 25-005 N.C. AND ADOPT A NEW

RESOLUTION CONSENTING TO AND APPROVING VARIOUS CHANGES

TO COUNCIL APPOINTMENTS TO VARIOUS COMMISSIONS, BOARDS
AND COMMITTEES FOR 2025
Recommendation: Repeal Resolution No. 25-005 N.C. and adopt a new resolution consenting to and approving changes to various appointments to Commissions, Boards and Committees for 2025.

Contact: Dawn G. Abrahamson, City Clerk, (707) 648-4528 [email protected]
G. 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 existence of the conditions leading to the declaration of a state of local emergency.

Contact: Jason Ta, Chief of Police (707) 648-4540
[email protected]
H. DISCUSSION AND DIRECTION ON CITY COUNCIL CREATION OF AN AD-

HOC SUBCOMMITTEE TO WORK WITH CITY STAFF ON SETTLEMENT

AGREEMENT WITH CALDOJ REFORM REQUIREMENTS
Recommendation: By motion, create a Police Reform Ad-Hoc Subcommittee to work with staff on implementation and resourcing strategies related to the ongoing police reform efforts related to the settlement agreement with the California Department of Justice.

Contact: Jason Ta, Chief of Police (707) 648-4540
[email protected]

10. INFORMATION CALENDAR

11. CITY MANAGER’S REPORT

12. CITY ATTORNEY’S REPORT

13. COMMUNITY FORUM
Any interested members of the public desiring to communicate with the City Council as part of the last Community Forum may do so in person by signing in to the Public Speaker's kiosk located in the back of the Council Chambers or via ZOOM:(https://ZoomRegular.Cityofvallejo.net), Option to join by phone: Dial (669) 900-6833. Enter Meeting ID: 914 0075 0676#. Press * 9 to digitally raise your hand from the phone. Press *6 to unmute/mute. For additional instructions on how to speak remotely during public comment, please visit, www.cityofvallejo.net/publiccomment. In person speakers will be recognized first.

14. REPORT OF THE PRESIDING OFFICER AND MEMBERS OF THE CITY COUNCIL

15. ADJOURNMENT

ADDITIONAL CITY INFORMATION
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: Thursday, February 6, 2025
Andrea Sorce, 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

Andrea Sorce (Mayor)
Peter Bregenzer (Vice-Mayor)
Helen-Marie Gordon
Tonia Lediju, PhD
Alexander Matias
Diosdado "JR" Mtulac
Charles Palmares,

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 9:15 a.m., Thursday, February 6, 2025.

Dated: Thursday, February 6, 2025

Special City Council Meeting Minutes
January 21, 2025
Page | 1

VALLEJO CITY COUNCIL

SPECIAL MEETING MINUTES
JANUARY 21, 2025

COUNCIL CHAMBERS
555 Santa Clara Street, Vallejo, California

1. CALL TO ORDER
The meeting was called to order at 6:01 p.m.

2. ROLL CALL

Present: Mayor Sorce, Vice Mayor Bregenzer, Councilmembers Gordon, Lediju, Matias, and Matulac

Absent: Palmares
Staff present: City Manager Murray, Chief Assistant City Attorney Nebb and City Clerk Abrahamson

3. PLEDGE OF ALLEGIANCE

4. STUDY SESSION
A. OVERVIEW OF CITY DEPARTMENT FUNCTIONS AND ACTIVITIES Recommendation: Receive a presentation providing an overview of the functions and activities of each City departments.

Contact: Andrew Murray, City Manager (707) 648-4576
[email protected]
City Manager Murray provided introductory comments.

Speakers: Anne Carr.

Chief Assistant City Attorney Risner provided an overview of the main functions and activities of the City Attorney’s Office and responded to questions from Councilmembers.

City Manager Murray provided an overview of the main functions and activities of the City Manager’s Office.

City Clerk Abrahamson provided an overview of the main functions and activities of the City Clerk’s Office.

Assistant City Manager Haen provided an overview of the main functions and activities of the Economic Development Department and responded to questions.

Finance Director Nayar provided an overview of the main functions and activities of the Finance Department and responded to questions.

Special City Council Meeting Minutes
January 21, 2025
Page | 2
Interim Fire Chief Gonazlez provided an overview of the main functions and activities of the Fire Department and responded to questions from Councilmembers.

Housing Director Jones provided an overview of the main functions and activities of the Housing Department and responded to questions from Councilmembers.

Human Resources Director Sifuentes provided an overview of the main functions and activities of the Human Resources Department and responded to questions from Councilmembers.

IT Director Ashraf provided an overview of the main functions and activities of the IT Department and responded to questions from Councilmembers.

Planning & Development Services Director Pollot provided an overview of the main functions and activities of the PDS Department and responded to questions from Councilmembers.

Police Chief Ta provided an overview of the main functions and activities of the Police Department and responded to questions from Councilmembers.

Public Works Director Tigbao provided an overview of the main functions and activities of the Public Works Department and responded to questions from Councilmembers.

Water Director Schoenberger provided an overview of the main functions and activities of the Water Department and responded to questions from Councilmembers.

5. ADJOURNMENT
The meeting adjourned at 9:08 p.m.
________________________________

ANDREA SORCE, MAYOR
ATTEST:
_________________________________
DAWN G. ABRAHAMSON, CITY CLERK
Special City Council Meeting Minutes
January 28, 2025
Page | 1

VALLEJO CITY COUNCIL

SPECIAL MEETING MINUTES
JANUARY 28, 2025

COUNCIL CHAMBERS
555 Santa Clara Street, Vallejo, California

1. CALL TO ORDER
The meeting was called to order at 6:30 p.m.

2. ROLL CALL

Present: Mayor Sorce, Vice Mayor Bregenzer, Councilmembers Gordon, Lediju, Matias, and Palmares

Absent: Councilmember Matulac
Staff present: City Manager Murray, City Attorney Nebb, City Clerk Abrahamson, and Assistant City Manager Haen
Speakers: Andrea
The Council convened into Closed Session in the Council Conference Room at 6:34 p.m.

3. CLOSED SESSION
A. Conference with Real Property Negotiators Pursuant to Government Code Section 54956.8
Property: 1 Harbor Way, Vallejo, California, 94590
APN: 0055 010 260
Agency Negotiators: Gillian Haen, Assistant City Manager Negotiating Parties: City of Vallejo and Kerry Scott, Marine Craft

4. ADJOURNMENT
The meeting adjourned at 7:12 p.m.
________________________________

ANDREA SORCE, MAYOR
ATTEST:
_________________________________
DAWN G. ABRAHAMSON, CITY CLERK
Regular City Council Meeting Minutes
January 28, 2025
Page | 1

VALLEJO CITY COUNCIL

REGULAR MEETING MINUTES
JANUARY 28, 2025

COUNCIL CHAMBERS
555 Santa Clara Street, Vallejo, California

1. CALL TO ORDER
The meeting was called to order at 7:14 p.m.

2. ROLL CALL

Present: Mayor Sorce, Vice Mayor Bregenzer, Councilmembers Gordon, Lediju, Matias, and Palmares

Absent: Councilmember Matulac
Staff present: City Manager Murray, City Attorney Nebb and City Clerk Abrahamson

3. PLEDGE OF ALLEGIANCE

4. REPORT OUT OF CLOSED SESSION
City Attorney Nebb reported Council provided direction to staff regarding Closed Session Item 3A.

5. PRESENTATIONS AND COMMENDATIONS – None.

6. FIRST COMMUNITY FORUM
Speakers: Cynthia Hopson, Paula Conley, Anne Carr, Susan Nichols, Sherianne Grimm, Daniel Boone, Patricia Hunter (NAACP), Latressa Wilson Alford, Deborah Dickson, Jason Labou, Louis Habte Michael, and Pamela H.

7. PUBLIC COMMENT REGARDING CONSENT CALENDAR ITEMS
Speakers: Daniel Boone (Item 8D).

8. CONSENT CALENDAR AND APPROVAL OF AGENDA
Action: moved by Vice Mayor Bregenzer and carried unanimously by Councilmembers present, unless otherwise noted, approval of the Agenda and the Consent Calendar with the removal of Items 8D and 8E making them Items 8.1 and 8.2 respectively (Absent:

Matulac).

A. APPROVAL OF MINUTES
Recommendation: Approve minutes from the special and regular meetings of January 14
Contact: Dawn G. Abrahamson, MMC, City Clerk (707) 648-4527 [email protected]
Action: approved minutes.

B. WAIVE FULL READING AND AUTHORIZING INTRODUCTIONS AND/OR

ADOPTION OF ORDINANCES BY TITLE ONLY
Recommendation: Waive reading and authorize introductions and/or adoption of Regular City Council Meeting Minutes
January 28, 2025
Page | 2
any and all ordinances on this agenda, if any, by title only. This is a standard procedural action so the City Council does not have to read an ordinance in its entirety.

Contact: Dawn G. Abrahamson, MMC, City Clerk (707) 648-4527 [email protected]
Action: waived reading and authorized introductions and/or adoption of any and all ordinances on this agenda, if any, by title only. This is a standard procedural action so the City Council does not have to read an ordinance in its entirety.

C. PAYMENT OF CLAIMS: NOVEMBER 2024
Recommendation: Ratify the payment of claims for the period of November 1, 2024, through November 30, 2024.

Contact: Rekha Nayar, Finance Director (707) 648-4592
[email protected]
Action: ratified the payment of claims for the period of November 1, 2024, through November 30, 2024.

D. ADOPT A RESOLUTION APPROVING A SECOND 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 $600,000 AND AUTHORIZING

THE CITY MANAGER TO EXECUTE SAME
Recommendation: Adopt a resolution approving a Second 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 $600,000 and authorizing the City Manager to execute same.

Contact: Melissa Tigbao, P.E., Public Work Director, 707-648-4433 [email protected]
Action: item was removed from the Consent Calendar by Councilmember Palmares.

Staff responded to questions from the speaker and Councilmembers.

Action: moved by Vice Mayor Bregenzer and carried to adopt Resolution No. 25-006 N.C.(Noes-Palmares; Absent-Matulac).

E. ADOPT A RESOLUTION APPROVING A FIRST AMENDMENT TO THE ON-

CALL CO-OP PURCHASE AGREEMENT WITH UNITED RENTALS (NORTH AMERICA), INC., TO INCREASE THE NOT TO EXCEED AMOUNT TO $200,000 AND AUTHORIZING THE CITY MANAGER TO EXECUTE SAME Recommendation: Adopt a resolution approving a First Amendment to the On- Call Co-Op Purchase Agreement with United Rentals (North America), Inc., to increase the not-to-exceed amount to $200,000 and authorize the City Manager to execute same.

Contact: Melissa Tigbao, Public Works Director, 707-648-4433 [email protected]
Action: adopted Resolution No. 25-007 N.C.

F. SERVICE AGREEMENT WITH VALLEJO CONVENTION AND VISITOR'S Regular City Council Meeting Minutes
January 28, 2025
Page | 3

BUREAU FOR MARKETING SERVICES FOR THE VALLEJO TOURISM

BUSINESS IMPROVEMENT DISTRICT (VTBID) AND RATIFYING PREVIOUS

VTBID ASSESSMENT PAYMENTS
Recommendation:

1. Authorize the City Manager to execute a new service agreement with Vallejo Convention and Visitor's Bureau (VCVB) for marketing services.

2. Request the City Council to ratify previous payments made to VCVB in the amount of $1,101,771 from July 1, 2021, through September 30, 2024.

Contact: Gillian Haen, Assistant City Manager, (707) 648-4163 [email protected]
Action: item was removed from the Consent Calendar at the request of Councilmember Lediju.

Staff responded to questions from Councilmembers. Councilmembers provided comment.

Action: moved by Vice Mayor Bregenzer and carried unanimously by Councilmembers present, (1) adopted Resolution No. 25-008 N.C. and (2) ratified previous payments made to VCVB in the amount of $1,101,771 from July 1, 2021 through September 30, 2024 (Absent-Matulac).

9. ACTION CALENDAR
A. FISCAL YEAR 2024-25 ADOPTED BUDGET SUMMARY, FIVE-YEAR

FINANCIAL FORECAST AND CIP
Recommendation:

Provide adopted budget summary for Fiscal Year 2024-25 , midyear update and five-year financial forecast.

Contact: Rekha Nayar, Finance Director (707) 648-4592
[email protected]
Finance Director Nayar defined a budget and reviewed charter requirements and the budget process, provided an overview of the Citywide Budget, General Fund Revenues and Expenditures, and Measure P funds, and outlined the adopted budget all funds revenue and expenditures.

The meeting recessed at 8:54 p.m. and reconvened at 9:00 p.m.

Public Works Director Tigbao discussed the CIP’s purpose, General Plan Conformance Requirement, and FY 24-25 CIP prioritization and funding.

Finance Director Nayar concluded the presentation by providing a five year projection and fund balance trends, and reviewed budget development and assumptions.

Speakers: Louis Habte Michael
Regular City Council Meeting Minutes
January 28, 2025
Page | 4
Staff responded to questions from Councilmembers. Councilmembers provided comment.

B. DISCUSSION AND DIRECTION TO STAFF ON THE PROCESS FOR

INTERVIEWING AND SELECTING BOARD, COMMISSION, AND

COMMITTEE MEMBERS
Recommendation: Following Council discussion, provide direction to staff regarding the process for interviewing and selecting board, commission and committee members.

Contact: Dawn G. Abrahamson, MMC, City Clerk (707) 648-4527 [email protected]
Mayor Sorce explained the reason for adding this item to the agenda followed by a discussion with the Council.

Speakers: Chris Kelly
Staff responded to questions from Councilmembers. Councilmembers provided comment.

Action: by unanimous consensus of Councilmembers present, Mayor Sorce, City Clerk Abrahamson and Executive Assistant to the Mayor Rzomp will work on a proposal for a new applicant interview process and return to Council at a future meeting.

10. INFORMATION CALENDAR
A. BROADWAY PROJECT MONTHLY UPDATE
Recommendation: Receive an update on the Broadway Project Contact: Gillian Haen, Assistant City Manager
[email protected]
Assistant City Manager Haen and Assistant to the City Manager Peterson provided an overview of the project, reviewed the timeline, project funding and an update on the funding, and outlined construction status.

Speakers: Sherianne Grimm
Staff responded to questions from Councilmembers. Councilmembers provided comment.

11. CITY MANAGER’S REPORT
City Manager Murray informed Council the outstanding list of referral requests to add items to a meeting agenda will return to Council at their February 11 regular meeting.

12. CITY ATTORNEY’S REPORT
City Attorney outlined her quarterly report and responded to questions from Regular City Council Meeting Minutes
January 28, 2025
Page | 5
Councilmembers.

A. QUARTERLY REPORT FOR FISCAL YEAR 2024/2025, SECOND QUARTER (OCTOBER - DECEMBER 2024)
Recommendation: This item is for informational purposes only. There is no action required.

Contact: Veronica A.F. Nebb, City Attorney
[email protected]

13. COMMUNITY FORUM
Speakers: None

14. REPORT OF THE PRESIDING OFFICER AND MEMBERS OF THE CITY COUNCIL Councilmembers provided reports on community events and meetings attended and shared future agenda item requests.

15. ADJOURNMENT
The meeting adjourned at 11:13 p.m.
________________________________

ANDREA SORCE, MAYOR
ATTEST:
_________________________________
DAWN G. ABRAHAMSON, CITY CLERK
CONSENT CALENDAR 8.C.

DATE: February 11, 2025
TO: Mayor and Members of the City Council
FROM: Rekha Nayar, Finance Director
SUBJECT: CITY TREASURER’S QUARTERLY INVESTMENT REPORT

RECOMMENDATION
Accept the City Treasurer’s Investment Report for the quarter ended December 31, 2024.

REASONS FOR RECOMMENDATION
The City’s Investment Policy requires the City Treasurer to submit quarterly investment reports to the City Council.

BACKGROUND AND DISCUSSION
At the end of each calendar quarter, the City Treasurer is required by the City’s adopted Investment Policy to report on the status of investments to the City Council. In Vallejo, the Finance Director serves as the City Treasurer. The City Treasurer’s Investment Report as of December 31, 2024 is hereby 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. 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.

The share of each fund in the City's pooled cash is as follows:

CITY OF VALLEJO
INVESTMENT % SHARE BY FUND

As of June 30 2024

Water Funds 24.2%

Date: February 11, 2025
Subject: CITY TREASURER’S QUARTERLY INVESTMENT REPORT

Page 2 ends

General Fund 22.2%
Capital Project Funds 16.9%
Risk Funds 13.1%
LMD Funds 7.3%
All other funds 16.3%

Total 100.0%

Condensed investment information as of December 31, 2024, is as follows:

Condensed earnings and return information as of December 31, 2024, is as follows:

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

City of Vallejo (realized earning)2 $ 2,884,397 $ 5,360,240 City of Vallejo (unrealized reamings) -1,453,611 1,153,863 Net Change in Portfolio Fair Value Balance3:

City of Vallejo -$ 7,415,222 -$ 40,215,646

Approximate Portfolio Rate-of-Return:

City of Vallejo - Yield to Maturity4 4.05%

BENCHMARK COMPARISON RATE-OF-RETURN5:

Local Agency Investment Fund 4.62% 2-Year U.S. Treasury Note Yield 4.24% 1 In accordance with Government Code Section 53646, the Fair Value of the Local Agency Investment Fund (LAIF) represents the value from the December 31, 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

Date: February 11, 2025
Subject: CITY TREASURER’S QUARTERLY INVESTMENT REPORT

Page 3 ends

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 December 31, 2024.

COMPLIANCE

All investment transactions were executed in accordance with the California Government Code and the City’s and Investment Policies. In accordance with California Government Code section 53646(b)(3), staff believes that the investments and budgeted revenues for the City will provide sufficient cash flow to meet the anticipated cash flow requirements of each entity for the next six months.

Pooled cash and investments book balances are adjusted annually to reflect fair value as required by Generally Accepted Accounting Principles. The term fair value was formerly known as market value and became effective with the mandatory implementation of GASB 31 in fiscal year 1998. The attached investment schedules meet these requirements.

It should be noted that this is an investment portfolio report and does not include bank checking account deposits for the City. The Housing Authority is not required to file a quarterly report because it does not have any reportable investments since it closed it's investment account and transferred all funds to it's bank account which is covered by a general depository agreement, as required by HUD.

FISCAL IMPACT
There is no fiscal impact from this report. The City's portfolio had total investment earnings of $2,884,397 during the three-month period ending December 31, 2024. In addition, the portfolio also had a cumulative fair value versus cost value unrealized, non-cash loss of approximately $1,453,611 as of December 31, 2024. Fair value fluctuates from one period to another depending on the changes in interest rates and the supply and demand for bonds at a particular time. Therefore, there is often a difference between the cost value (the value at the time of purchase) and the fair value (the market value of the same security at a certain later period) creating an unrealized gain or loss.

ENVIRONMENTAL REVIEW
This action is exempt from the California Environmental Quality Act (CEQA) because it is not a project which has a potential for resulting in either a direct physical change in the environment, or a reasonably foreseeable indirect physical change in the environment, pursuant to CEQA Guideline section 15378.

ATTACHMENTS

1. Chandler Monthly Statement - Account 262 - 12-31-24

2. City of Vallejo Economic and Account Analysis 12-31-24

CONTACT
Rekha Nayar, Finance Director, (707) 648-4592
[email protected]
Date: February 11, 2025
Subject: CITY TREASURER’S QUARTERLY INVESTMENT REPORT

Page 4 ends

MONTHLY ACCOUNT STATEMENT
City of Vallejo Cons Portfolio | Account #262 | As of December 31, 2024 CHANDLER ASSET MANAGEMENT | chandlerasset.com
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures at the end of the statement.

Chandler Team:

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

PORTFOLIO SUMMARY
Portfolio Characteristics
Sector Allocation
Account Summary
Maturity Distribution
Top Issuers
Credit Quality
Average Modified Duration 1.03
Average Coupon 2.56%
Average Purchase YTM 4.05%
Average Market YTM 4.43%
Average Quality AA+
Average Final Maturity 1.18
Average Life 1.06
Beg. Values as of
12/01/2024
End Values as of
12/31/2024
Market Value 256,596,659.52 250,877,122.06
Accrued Interest 730,596.19 710,613.56
Total Market Value 257,327,255.71 251,587,735.62
Income Earned 508,678.29 608,033.91
Cont/WD 830,037.69 (6,085,010.37)
Par 258,558,162.72 253,231,954.08
Book Value 257,542,042.33 252,219,495.64
Cost Value 256,464,938.94 251,219,409.34
Government of The United States 52.72%
LAIF 21.80%
Wells Fargo & Company 6.54%
Federal Home Loan Banks 1.91%
FHLMC 1.74%
FNMA 1.71%
Bank of America Corporation 0.59%
Toyota Motor Corporation 0.51%
*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 December 31, 2024 Execution Time: 01/10/2025 09:19:01 AM 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 257,542,042.33 234,733,843.94
Maturities/Calls (35,000,000.00) (251,490,000.00)
Principal Paydowns (186,958.80) (4,810,605.31)
Purchases 79,157,049.22 932,331,616.36
Sales (49,705,003.66) (661,887,254.44)
Change in Cash, Payables, Receivables 192,596.04 31,370.85 Amortization/Accretion 269,197.30 3,623,808.97
Realized Gain (Loss) (49,426.79) (313,284.73)
Ending Book Value 252,219,495.64 252,219,495.64
Month to Date Fiscal Year to Date
(01/01/2024)
Beginning Market Value 256,596,659.52 232,264,699.68
Maturities/Calls (35,000,000.00) (251,490,000.00)
Principal Paydowns (186,958.80) (4,810,605.31)
Purchases 79,157,049.22 932,331,616.36
Sales (49,705,003.66) (661,887,254.44)
Change in Cash, Payables, Receivables 192,596.04 31,370.85 Amortization/Accretion 269,197.30 3,623,808.97
Change in Net Unrealized Gain (Loss) (396,990.77) 1,126,770.67 Realized Gain (Loss) (49,426.79) (313,284.73)
Ending Market Value 250,877,122.06 250,877,122.06
Maturities / Calls
Month to Date (35,000,000.00)
Fiscal Year to Date (251,490,000.00)
Principal Paydowns
Month to Date (186,958.80)
Fiscal Year to Date (4,810,605.31)
Purchases
Month to Date 79,157,049.22
Fiscal Year to Date 932,331,616.36
Sales
Month to Date (49,705,003.66)
Fiscal Year to Date (661,887,254.44)
Interest Received
Month to Date 366,230.65
Fiscal Year to Date 6,581,211.62
Purchased / Sold Interest
Month to Date (7,411.40)
Fiscal Year to Date (5,579.00)
CONFIDENTIAL | 4
City of Vallejo Cons Portfolio | Account #262 | As of December 31, 2024 Execution Time: 01/10/2025 09:19:01 AM 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
43815GAC3 HAROT 2021-4 A3 0.88
01/21/2026 48,630.49 11/16/2021

0.89%
48,620.24
48,628.15

99.22 4.64%
48,252.23

11.89 0.02%
(375.92)
Aaa/NA
AAA

1.06 0.21
47789QAC4 JDOT 2021-B A3 0.52
03/16/2026 49,425.40 07/13/2021

0.52%
49,420.99
49,424.41

99.50 4.47%
49,179.21

11.42 0.02%
(245.19)
Aaa/NA
AAA

1.21 0.13
44935FAD6 HART 2021-C A3 0.74
05/15/2026 22,988.68 11/09/2021

0.75%
22,983.54
22,987.33

99.60 4.64%
22,896.44

7.56 0.01%
(90.89)
NA/AAA
AAA

1.37 0.10
43815BAC4 HAROT 2022-1 A3 1.88
05/15/2026 157,708.04 02/15/2022

1.89%
157,684.32
157,700.97

99.14 4.60%
156,353.93
131.77

0.06%
(1,347.04)
Aaa/AAA
NA

1.37 0.31
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026 106,519.98 05/10/2022

3.23%
106,514.44
106,517.99

99.55 4.54%
106,035.48

56.99 0.04%
(482.51)
Aaa/AAA
NA

1.65 0.35
89238FAD5 TAOT 2022-B A3 2.93
09/15/2026 135,495.89 04/07/2022

3.09%
135,492.72
135,494.94

99.39 4.53%
134,673.24
176.45

0.05%
(821.70)
Aaa/AAA
NA

1.71 0.38
47787JAC2 JDOT 2022 A3 0.36 09/15/2026 89,292.48 03/10/2022

2.34%
89,272.73
89,285.47

99.17 4.82%
88,548.82

92.07 0.04%
(736.65)
Aaa/NA
AAA

1.71 0.33
362554AC1 GMCAR 2021-4 A3 0.68
09/16/2026 49,312.54 10/13/2021

0.68%
49,311.29
49,312.17

99.07 4.44%
48,853.56

13.97 0.02%
(458.61)
Aaa/AAA
NA

1.71 0.25
380146AC4 GMCAR 2022-1 A3 1.26
11/16/2026 53,832.09 01/11/2022

1.27%
53,827.41
53,830.48

99.09 4.61%
53,344.77

28.26 0.02%
(485.71)
NA/AAA
AAA

1.88 0.27
362585AC5 GMCAR 2022-2 A3 3.1
02/16/2027 138,162.72 04/05/2022

3.13%
138,133.84
138,150.97

99.35 4.63%
137,264.94
178.46

0.05%
(886.04)
Aaa/AAA
NA

2.13 0.43
47800AAC4 JDOT 2022-B A3 3.74
02/16/2027 244,182.53 07/12/2022

3.77%
244,159.21
244,172.04

99.56 4.56%
243,119.51
405.89

0.10%
(1,052.53)
Aaa/NA
AAA

2.13 0.55
02582JJT8 AMXCA 2022-2 A 3.39
05/17/2027 840,000.00 05/17/2022

3.42%
839,814.19
839,966.95

99.56 4.65%
836,267.88
1,265.60

0.33%
(3,699.07)
NA/AAA
AAA

0.37 0.36
58768PAC8 MBART 2022-1 A3 5.21
08/16/2027 637,960.41 11/15/2022

5.27%
637,834.22
637,891.12
100.45

4.59%
640,810.18
1,477.23

0.26%
2,919.06
Aaa/AAA
NA

2.62 0.65
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028 180,000.00 07/11/2023

5.47%
179,968.10
179,978.20
100.87

4.55%
181,559.16
164.10

0.07%
1,580.96
NA/AAA
AAA

3.15 0.88
02582JJZ4 AMXCA 2023-1 A 4.87
05/15/2026 375,000.00 06/07/2023

4.87%
374,966.74
374,979.89
100.53

4.51%
376,989.08
811.67

0.15%
2,009.18
NA/AAA
AAA

1.37 1.30
161571HT4 CHAIT 2023-1 A 5.16 09/15/2028 1,005,000.00 09/07/2023

5.17%
1,004,721.41
1,004,793.69
101.06

4.56%
1,015,652.00
2,304.80

0.40%
10,858.31
NR/AAA
AAA

3.71 1.59
34535VAD6 FORDO 2024-D 4.61 08/15/2029 580,000.00 11/19/2024

4.66%
579,981.38
579,981.81

99.90 4.70%
579,436.82
1,188.36

0.23%
(544.99)
Aaa/NA
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
Total ABS 4,713,511.26 4.20%
4,712,706.78
4,713,096.58
100.13

4.60%
4,719,237.23
8,326.48

1.88%
6,140.65
Aaa/AAA
AAA

2.42 1.01
AGENCY
3135G04Z3 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.5 06/17/2025 1,020,000.00 06/17/2020

0.54%
1,017,888.60
1,019,806.69

98.32 4.24%
1,002,856.68
198.33

0.40%
(16,950.01)
Aaa/AA+
AA+

0.46 0.45
3137EAEU9

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

0.48%
1,069,646.50
1,074,410.06

97.84 4.37%
1,051,784.24
1,791.67

0.42%
(22,625.82)
Aaa/AA+
AA+

0.55 0.54
3135G05X7 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.375 08/25/2025 1,700,000.00 08/25/2020

0.47%
1,692,044.00
1,698,970.61

97.50 4.34%
1,657,431.35
2,231.25

0.66%
(41,539.25)
Aaa/AA+
AA+

0.65 0.63
3137EAEX3

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

0.44%
1,555,304.40
1,559,317.80

97.25 4.27%
1,517,115.04
1,592.50

0.60%
(42,202.76)
Aaa/AA+
AA+

0.73 0.71
3135G06G3 FEDERAL NATIONAL MORTGAGE
ASSOCIATION 0.5 11/07/2025 1,680,000.00 11/09/2020

0.57%
1,673,985.60
1,678,976.13

96.88 4.29%
1,627,526.56
1,260.00

0.65%
(51,449.57)
Aaa/AA+
AA+

0.85 0.83
3130ATUC9 FEDERAL HOME LOAN BANKS 4.5
12/12/2025 1,800,000.00 02/08/2023

4.21%
1,813,572.00
1,804,515.27
100.22

4.26%
1,803,925.58
4,275.00

0.72%
(589.69)
Aaa/AA+
AA+

0.95 0.91
3130AWMN7 FEDERAL HOME LOAN BANKS

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

4.27%
1,004,500.00
1,003,174.54

99.77 4.45%
997,715.00
2,673.61

0.40%
(5,459.54)
Aaa/AA+
AA+

3.44 3.15
3130AWTR1 FEDERAL HOME LOAN BANKS

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

4.70%
985,570.00
989,286.94

99.96 4.39%
999,603.74
13,732.64

0.40%
10,316.80
Aaa/AA+
AA+

3.69 3.32
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
1,013,316.98

99.62 4.36%
996,176.93
1,888.89

0.40%
(17,140.05)
Aaa/AA+
AA+

3.96 3.59
3130AVBD3 FEDERAL HOME LOAN BANKS 4.5
03/09/2029 1,000,000.00 04/22/2024

4.71%
990,720.00
992,038.27
100.01

4.50%
1,000,067.00
14,000.00

0.40%
8,028.73
Aaa/AA+
AA+

4.19 3.73
Total Agency 12,835,000.00 2.26%
12,819,951.10
12,833,813.28

98.61 4.33%
12,654,202.12
43,643.89

5.04%
(179,611.16)
Aaa/AA+
AA+

1.70 1.57

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

4.24%
1,801,310.55
1,812,215.59

97.28 4.70%
1,785,111.86
5,887.29

0.71%
(27,103.73)
Aaa/AA+
AAA

3.40 3.04
Total Agency
CMBS 1,835,000.00 4.24%
1,801,310.55
1,812,215.59

97.28 4.70%
1,785,111.86
5,887.29

0.71%
(27,103.73)
Aaa/AA+
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
CCYUSD Receivable 2,677.13 --

0.00%
2,677.13
2,677.13

1.00 0.00%
2,677.13

0.00 0.00%

0.00 Aaa/AAA
AAA

0.00 0.00
CCYUSD Receivable 60,054.17 --

0.00%
60,054.17
60,054.17

1.00 0.00%
60,054.17

0.00 0.02%

0.00 Aaa/AAA
AAA

0.00 0.00
CCYUSD Receivable 654,617.26 --

0.00%
654,617.26
654,617.26

1.00 0.00%
654,617.26

0.00 0.26%

0.00 Aaa/AAA
AAA

0.00 0.00
Total Cash 717,348.56 0.00%
717,348.56
717,348.56

1.00 0.00%
717,348.56

0.00 0.29%

0.00 Aaa/AAA
AAA

0.00 0.00

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

1.40%
1,231,472.05
1,240,780.57

95.56 4.53%
1,189,775.60
1,829.46

0.47%
(51,004.97)
A2/A+
A

1.37 1.33
89236TJK2 TOYOTA MOTOR CREDIT CORP

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

1.13%
809,643.60
809,895.97

95.08 4.65%
770,158.53
329.06

0.31%
(39,737.44)
A1/A+
A+

1.46 1.42
06051GJD2 BANK OF AMERICA CORP 1.319
06/19/2026 500,000.00 09/16/2021

1.23%
501,675.00
500,206.93

98.37 5.35%
491,835.74
219.83

0.20%
(8,371.19)
A1/A-
AA-

1.47 0.45
931142ER0 WALMART INC 1.05 09/17/2026 240,000.00 09/08/2021

1.09%
239,546.40
239,844.99

94.60 4.36%
227,044.63
728.00

0.09%
(12,800.36)
Aa2/AA
AA

1.71 1.66
87612EBM7 TARGET CORP 1.95 01/15/2027 545,000.00 01/19/2022

1.99%
544,073.50
544,620.63

95.14 4.47%
518,516.86
4,900.46

0.21%
(26,103.77)
A2/A
A

2.04 1.94
808513BY0 CHARLES SCHWAB CORP 2.45
03/03/2027 1,000,000.00 --

2.76%
985,444.30
993,647.28

95.49 4.66%
954,914.11
8,030.56

0.38%
(38,733.17)
A2/A-
A

2.17 2.06
084664CZ2 BERKSHIRE HATHAWAY FINANCE
CORP 2.3 03/15/2027 1,095,000.00 03/07/2022

2.30%
1,094,791.95
1,094,908.51

95.79 4.32%
1,048,866.07
7,415.58

0.42%
(46,042.44)
Aa2/AA
A+

2.20 2.10
023135CF1 AMAZON.COM INC 3.3
04/13/2027 750,000.00 04/25/2022

3.34%
748,702.50
749,404.24

97.36 4.53%
730,191.00
5,362.50

0.29%
(19,213.24)
A1/AA
AA-

2.28 2.15
74340XBN0 PROLOGIS LP 2.125 04/15/2027 1,000,000.00 11/09/2022

5.15%
881,290.00
938,621.12

94.53 4.68%
945,277.00
4,486.11

0.38%
6,655.88
A3/A
WR

2.29 2.18
927804GH1 VIRGINIA ELECTRIC AND POWER
CO 3.75 05/15/2027 250,000.00 05/16/2022

3.82%
249,220.00
249,627.67

97.74 4.77%
244,349.50
1,197.92

0.10%
(5,278.17)
A2/BBB+
A

2.37 2.22
14913R3A3 CATERPILLAR FINANCIAL
SERVICES CORP 3.6 08/12/2027 700,000.00 08/22/2022

3.81%
693,301.00
696,480.62

97.64 4.57%
683,490.50
9,730.00

0.27%
(12,990.12)
A2/A
A+

2.61 2.42
931142EX7 WALMART INC 3.95 09/09/2027 500,000.00 --

3.98%
499,366.20
499,659.50

99.02 4.34%
495,096.75
6,144.44

0.20%
(4,562.75)
Aa2/AA
AA

2.69 2.49
89115A2M3 TORONTO-DOMINION BANK

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

5.27%
1,094,940.00
1,096,624.63
100.50

4.97%
1,105,510.35
26,940.10

0.44%
8,885.72
A2/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
756109AU8 REALTY INCOME CORP 3.65
01/15/2028 1,000,000.00 04/24/2023

4.71%
955,470.00
971,371.73

96.55 4.89%
965,503.67
16,830.56

0.38%
(5,868.06)
A3/A-
WR

3.04 2.78
06051GGF0 BANK OF AMERICA CORP 3.824
01/20/2028 1,000,000.00 04/10/2023

5.10%
956,490.00
976,367.67

97.83 5.33%
978,333.00
17,101.78

0.39%
1,965.34
A1/A-
AA-

3.05 1.91
06406RAB3 BANK OF NEW YORK MELLON
CORP 3.442 02/07/2028 1,000,000.00 04/26/2023

4.55%
961,850.00
978,811.69

97.45 5.02%
974,548.94
13,768.00

0.39%
(4,262.75)
Aa3/A
AA-

3.10 1.97
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
1,198,757.10

96.66 4.80%
1,208,237.73
7,708.33

0.48%
9,480.62
A1/A
WR

3.33 3.07
037833ET3 APPLE INC 4.0 05/10/2028 205,000.00 05/08/2023

4.04%
204,604.35
204,734.72

98.57 4.46%
202,073.51
1,161.67

0.08%
(2,661.21)
Aaa/AA+
NA

3.36 3.09
02665WEM9 AMERICAN HONDA FINANCE
CORP 5.125 07/07/2028 1,200,000.00 08/17/2023

5.33%
1,189,428.00
1,192,388.40
100.47

4.98%
1,205,668.80
29,725.00

0.48%
13,280.40
A3/A-
A

3.52 3.10
78016HZS2 ROYAL BANK OF CANADA 5.2
08/01/2028 1,000,000.00 09/07/2023

5.53%
986,020.00
989,761.57
100.83

4.94%
1,008,294.53
21,666.67

0.40%
18,532.96
A1/A
AA-

3.59 3.17
24422EXH7 JOHN DEERE CAPITAL CORP 4.5
01/16/2029 1,200,000.00 04/23/2024

5.08%
1,170,792.00
1,175,037.05

99.09 4.75%
1,189,137.30
24,750.00

0.47%
14,100.25
A1/A
A+

4.04 3.58
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029 1,200,000.00 01/24/2024

4.64%
1,198,044.00
1,198,403.72

99.58 4.71%
1,194,903.60
23,153.33

0.48%
(3,500.12)
A1/A+
NA

4.08 3.61
14913UAJ9 CATERPILLAR FINANCIAL
SERVICES CORP 4.85 02/27/2029 450,000.00 05/21/2024

4.84%
450,193.50
450,168.72
100.53

4.71%
452,389.50
7,517.50

0.18%
2,220.79
A2/A
A+

4.16 3.66
61747YFD2 MORGAN STANLEY 5.164
04/20/2029 1,200,000.00 05/30/2024

5.44%
1,188,336.00
1,190,102.03
100.10

5.31%
1,201,156.80
12,221.47

0.48%
11,054.77
A1/A-
A+

4.30 2.97
89236TMF9 TOYOTA MOTOR CREDIT CORP

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

5.01%
500,975.00
500,855.47
100.72

4.86%
503,607.20
3,156.25

0.20%
2,751.73
A1/A+
A+

4.37 3.86
91159HJM3 US BANCORP 5.775 06/12/2029 1,100,000.00 06/20/2024

5.26%
1,119,910.00
1,117,249.85
102.26

5.33%
1,124,845.66
3,352.71

0.45%
7,595.81
A3/A
A

4.45 3.09
437076DC3 HOME DEPOT INC 4.75
06/25/2029 1,075,000.00 --

4.33%
1,093,949.25
1,092,819.61
100.01

4.75%
1,075,074.18
851.04

0.43%
(17,745.44)
A2/A
A

4.48 3.99
46647PAV8 JPMORGAN CHASE & CO 4.203
07/23/2029 1,300,000.00 --

4.84%
1,270,702.00
1,273,415.05

97.31 5.20%
1,265,027.30
23,980.45

0.50%
(8,387.76)
A1/A
AA-

4.56 3.20
Total Corporate 24,415,000.00 4.20%
23,998,718.10
24,164,567.01

98.16 4.84%
23,953,828.34
284,258.77

9.55%
(210,738.68)
A2/A
A+

3.18 2.66
LAIF
90LAIF$00 Local Agency Investment Fund
State Pool 54,679,000.46 --

4.43%
54,679,000.46
54,679,000.46

1.00 4.43%
54,679,000.46

0.00 21.80%

0.00 NA/NA
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
Total LAIF 54,679,000.46 4.43%
54,679,000.46
54,679,000.46

1.00 4.43%
54,679,000.46

0.00 21.80%

0.00 NA/NA
NA

0.00 0.00

MONEY MARKET
FUND
94975H312 ALLSPRING:TRS+ MM S 650,681.30 --

4.08%
650,681.30
650,681.30

1.00 4.08%
650,681.30

0.00 0.26%

0.00 Aaa/
AAAm
NA

0.00 0.00
94975H312 ALLSPRING:TRS+ MM S 331,747.71 --

4.08%
331,747.71
331,747.71

1.00 4.08%
331,747.71

0.00 0.13%

0.00 Aaa/
AAAm
NA

0.00 0.00
85253$413 Wells Fargo Stagecoach Sweep
Account 16,404,664.79 10/31/2024 16,404,664.79
16,404,664.79

1.00 5.16%
16,404,664.79

0.00 6.54%

0.00 NA/NA
NA

0.00 0.00
Total Money
Market Fund 17,387,093.80 4.08%
17,387,093.80
17,387,093.80

1.00 5.10%
17,387,093.80

0.00 6.93%

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
519,592.77
100.41

4.37%
522,127.82
10,920.00

0.21%
2,535.06
Aaa/AAA
NA

3.53 3.17
4581X0EN4

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

4.31%
1,239,725.00
1,241,507.05

98.78 4.45%
1,234,698.41
19,479.17

0.49%
(6,808.64)
Aaa/AAA
NA

4.13 3.69
459058LN1

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
1,000,000.00 10/28/2024

4.14%
988,380.00
988,790.19

97.44 4.48%
974,366.43
8,072.92

0.39%
(14,423.76)
Aaa/AAA
NA

4.79 4.28
Total
Supranational 2,770,000.00 4.29%
2,747,527.80
2,749,890.01

98.61 4.45%
2,731,192.67
38,472.08

1.09%
(18,697.35)
Aaa/AAA
NA

4.25 3.80

US TREASURY
912797MX2 UNITED STATES TREASURY
01/14/2025 20,000,000.00 09/26/2024

4.57%
19,730,588.33
19,967,868.33

99.86 4.26%
19,972,037.80

0.00 7.96%
4,169.47
P-1/A-1+
F1+

0.04 0.03
912797MK0 UNITED STATES TREASURY
02/13/2025 20,000,000.00 --

4.65%
19,615,955.76
19,892,501.49

99.51 4.32%
19,901,086.20

0.00 7.93%
8,584.71
P-1/A-1+
F1+

0.12 0.11
912797NH6 UNITED STATES TREASURY
02/18/2025 35,000,000.00 12/24/2024

4.34%
34,776,822.50
34,801,620.00

99.45 4.27%
34,808,585.00

0.00 13.87%
6,965.00
P-1/A-1+
F1+

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
912797KA4 UNITED STATES TREASURY
02/20/2025 6,950,000.00 11/21/2024

4.53%
6,872,561.77
6,907,451.52

99.43 4.27%
6,910,491.34

0.00 2.75%
3,039.81
P-1/A-1+
F1+

0.14 0.13
91282CAZ4 UNITED STATES TREASURY 0.375
11/30/2025 1,200,000.00 12/28/2020

0.38%
1,199,671.88
1,199,939.20

96.57 4.26%
1,158,790.02
395.60

0.46%
(41,149.18)
Aaa/AA+
AA+

0.91 0.89
91282CBC4 UNITED STATES TREASURY 0.375
12/31/2025 1,750,000.00 01/27/2021

0.39%
1,748,359.38
1,749,667.86

96.29 4.22%
1,685,119.19

18.13 0.67%
(64,548.67)
Aaa/AA+
AA+

1.00 0.97
91282CBT7 UNITED STATES TREASURY 0.75
03/31/2026 1,500,000.00 03/30/2021

0.91%
1,487,988.28
1,497,013.52

95.78 4.27%
1,436,758.56
2,874.31

0.57%
(60,254.96)
Aaa/AA+
AA+

1.25 1.21
91282CBW0 UNITED STATES TREASURY 0.75
04/30/2026 1,000,000.00 04/29/2021

0.88%
993,398.44
998,250.19

95.51 4.26%
955,148.21
1,284.53

0.38%
(43,101.98)
Aaa/AA+
AA+

1.33 1.29
91282CCP4 UNITED STATES TREASURY 0.625
07/31/2026 1,000,000.00 08/10/2021

0.82%
990,507.81
996,987.60

94.50 4.26%
945,046.54
2,615.49

0.38%
(51,941.06)
Aaa/AA+
AA+

1.58 1.54
91282CCW9 UNITED STATES TREASURY 0.75
08/31/2026 2,250,000.00 --

0.97%
2,226,699.22
2,242,008.33

94.43 4.26%
2,124,785.66
5,733.77

0.85%
(117,222.68)
Aaa/AA+
AA+

1.67 1.61
91282CDG3 UNITED STATES TREASURY 1.125
10/31/2026 3,000,000.00 --

1.27%
2,979,511.72
2,992,359.33

94.53 4.27%
2,836,015.77
5,780.39

1.13%
(156,343.56)
Aaa/AA+
AA+

1.83 1.77
912828Z78 UNITED STATES TREASURY 1.5
01/31/2027 500,000.00 03/30/2022

2.45%
478,320.31
490,675.40

94.57 4.26%
472,853.87
3,138.59

0.19%
(17,821.53)
Aaa/AA+
AA+

2.08 2.00
912828V98 UNITED STATES TREASURY 2.25
02/15/2027 1,250,000.00 02/06/2023

3.92%
1,173,095.70
1,209,427.61

95.97 4.26%
1,199,569.36
10,623.30

0.48%
(9,858.25)
Aaa/AA+
AA+

2.13 2.02
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027 1,250,000.00 09/27/2022

4.25%
1,160,839.84
1,205,609.62

96.29 4.25%
1,203,628.65
7,984.20

0.48%
(1,980.97)
Aaa/AA+
AA+

2.25 2.13
91282CEN7 UNITED STATES TREASURY 2.75
04/30/2027 2,500,000.00 --

3.23%
2,445,792.97
2,474,186.36

96.68 4.26%
2,416,934.48
11,774.86

0.96%
(57,251.88)
Aaa/AA+
AA+

2.33 2.21
91282CEW7 UNITED STATES TREASURY 3.25
06/30/2027 1,400,000.00 07/12/2022

3.00%
1,416,296.88
1,408,179.90

97.65 4.25%
1,367,165.81
125.69

0.54%
(41,014.09)
Aaa/AA+
AA+

2.50 2.36
91282CFH9 UNITED STATES TREASURY 3.125
08/31/2027 1,000,000.00 09/08/2022

3.36%
989,101.56
994,169.91

97.12 4.28%
971,201.91
10,618.09

0.39%
(22,968.00)
Aaa/AA+
AA+

2.67 2.49
91282CFM8 UNITED STATES TREASURY 4.125
09/30/2027 1,000,000.00 10/28/2022

4.19%
996,875.00
998,255.57

99.61 4.28%
996,050.92
10,539.15

0.40%
(2,204.65)
Aaa/AA+
AA+

2.75 2.54
91282CFU0 UNITED STATES TREASURY 4.125
10/31/2027 1,100,000.00 12/20/2022

3.84%
1,113,750.00
1,108,002.11

99.61 4.27%
1,095,659.94
7,771.41

0.44%
(12,342.17)
Aaa/AA+
AA+

2.83 2.62
91282CGC9 UNITED STATES TREASURY 3.875
12/31/2027 1,250,000.00 01/26/2023

3.62%
1,264,355.47
1,258,729.79

98.85 4.29%
1,235,652.40
133.81

0.49%
(23,077.39)
Aaa/AA+
AA+

3.00 2.79
9128283W8 UNITED STATES TREASURY 2.75
02/15/2028 1,250,000.00 03/08/2023

4.37%
1,161,083.98
1,193,811.38

95.27 4.39%
1,190,820.00
12,984.04

0.47%
(2,991.38)
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
91282CGT2 UNITED STATES TREASURY 3.625
03/31/2028 1,750,000.00 06/29/2023

4.18%
1,708,437.50
1,721,629.28

97.94 4.31%
1,713,990.02
16,207.93

0.68%
(7,639.26)
Aaa/AA+
AA+

3.25 2.99
91282CHA2 UNITED STATES TREASURY 3.5
04/30/2028 2,180,000.00 --

3.55%
2,175,314.06
2,176,841.57

97.48 4.32%
2,125,009.46
13,067.96

0.85%
(51,832.11)
Aaa/AA+
AA+

3.33 3.08
91282CHQ7 UNITED STATES TREASURY 4.125
07/31/2028 1,000,000.00 09/28/2023

4.68%
976,250.00
982,432.80

99.31 4.33%
993,098.64
17,262.23

0.40%
10,665.84
Aaa/AA+
AA+

3.58 3.24
91282CHX2 UNITED STATES TREASURY 4.375
08/31/2028 1,500,000.00 09/25/2023

4.59%
1,485,644.53
1,489,335.03
100.08

4.35%
1,501,192.14
22,298.00

0.60%
11,857.11
Aaa/AA+
AA+

3.67 3.30
91282CJA0 UNITED STATES TREASURY 4.625
09/30/2028 1,850,000.00 --

4.93%
1,825,767.58
1,831,632.29
100.94

4.35%
1,867,298.44
21,860.75

0.74%
35,666.15
Aaa/AA+
AA+

3.75 3.37
9128285M8 UNITED STATES TREASURY 3.125
11/15/2028 1,000,000.00 11/17/2023

4.49%
939,570.31
953,102.32

95.69 4.35%
956,885.74
4,057.32

0.38%
3,783.42
Aaa/AA+
AA+

3.88 3.57
91282CJN2 UNITED STATES TREASURY 4.375
11/30/2028 1,500,000.00 12/21/2023

3.82%
1,536,855.47
1,529,178.10
100.04

4.36%
1,500,607.14
5,769.23

0.60%
(28,570.96)
Aaa/AA+
AA+

3.92 3.54
91282CJR3 UNITED STATES TREASURY 3.75
12/31/2028 1,200,000.00 01/30/2024

3.96%
1,188,609.38
1,190,740.36

97.76 4.37%
1,173,061.66
124.31

0.47%
(17,678.71)
Aaa/AA+
AA+

4.00 3.66
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029 1,500,000.00 02/26/2024

4.31%
1,479,199.22
1,482,770.02

98.63 4.37%
1,479,452.90
25,108.70

0.59%
(3,317.13)
Aaa/AA+
AA+

4.08 3.66
91282CKD2 UNITED STATES TREASURY 4.25
02/28/2029 1,000,000.00 03/25/2024

4.24%
1,000,546.88
1,000,461.51

99.53 4.37%
995,325.91
14,440.61

0.40%
(5,135.60)
Aaa/AA+
AA+

4.16 3.72
91282CKG5 UNITED STATES TREASURY 4.125
03/31/2029 1,200,000.00 04/08/2024

4.43%
1,183,734.38
1,186,124.54

99.02 4.38%
1,188,202.67
12,646.98

0.47%
2,078.13
Aaa/AA+
AA+

4.25 3.81
91282CKP5 UNITED STATES TREASURY 4.625
04/30/2029 1,000,000.00 05/28/2024

4.54%
1,003,476.56
1,003,056.74
100.96

4.38%
1,009,584.06
7,921.27

0.40%
6,527.32
Aaa/AA+
AA+

4.33 3.86
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029 1,250,000.00 06/26/2024

4.33%
1,259,179.69
1,258,220.39
100.48

4.38%
1,255,972.98
4,945.05

0.50%
(2,247.41)
Aaa/AA+
AA+

4.41 3.95
91282CKX8 UNITED STATES TREASURY 4.25
06/30/2029 1,850,000.00 --

3.67%
1,897,115.24
1,893,663.74

99.45 4.39%
1,839,759.27
217.20

0.73%
(53,904.47)
Aaa/AA+
AA+

4.50 4.05
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 1,750,000.00 --

4.30%
1,748,632.81
1,748,804.11

98.42 4.39%
1,722,263.24
29,293.48

0.69%
(26,540.87)
Aaa/AA+
AA+

4.58 4.07
91282CFJ5 UNITED STATES TREASURY 3.125
08/31/2029 1,500,000.00 09/27/2024

3.55%
1,471,464.84
1,472,942.44

94.72 4.39%
1,420,790.25
15,927.14

0.57%
(52,152.19)
Aaa/AA+
AA+

4.67 4.22
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029 1,250,000.00 12/17/2024

4.29%
1,207,910.16
1,208,247.46

96.22 4.39%
1,202,742.18
11,177.88

0.48%
(5,505.28)
Aaa/AA+
AA+

4.75 4.27
91282CLR0 UNITED STATES TREASURY 4.125
10/31/2029 1,250,000.00 11/19/2024

4.24%
1,243,896.48
1,244,038.42

98.85 4.39%
1,235,604.55
8,831.15

0.49%
(8,433.87)
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
91282CMA6 UNITED STATES TREASURY 4.125
11/30/2029 1,200,000.00 12/09/2024

4.07%
1,203,000.00
1,202,963.66

98.86 4.38%
1,186,366.55
4,351.65

0.47%
(16,597.11)
Aaa/AA+
AA+

4.91 4.38
91282CMD0 UNITED STATES TREASURY 4.375
12/31/2029 1,000,000.00 12/30/2024

4.38%
999,570.31
999,570.55

99.95 4.39%
999,497.64
120.86

0.40%
(72.91)
Aaa/AA+
AA+

5.00 4.44
Total US Treasury 133,880,000.00 4.04%
132,355,752.19
133,162,470.35

98.81 4.30%
132,250,107.03
330,025.04

52.72%
(912,363.32)
Aaa/AAA
AAA

1.28 1.17
Total Portfolio 253,231,954.08 4.05%
251,219,409.34
252,219,495.64

70.37 4.43%
250,877,122.06
710,613.56
100.00%
(1,342,373.58)
Aa1/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 12/02/2024 94975H312 65,196.80 ALLSPRING:TRS+ MM S 1.000 4.25% (65,196.80) 0.00 (65,196.80) 0.00 Purchase 12/02/2024 94975H312 12,988.31 ALLSPRING:TRS+ MM S 1.000 4.25% (12,988.31) 0.00 (12,988.31) 0.00 Purchase 12/03/2024 94975H312 15,000,000.00 ALLSPRING:TRS+ MM S 1.000 4.25% (15,000,000.00) 0.00 (15,000,000.00) 0.00 Purchase 12/09/2024 94975H312 21,875.00 ALLSPRING:TRS+ MM S 1.000 4.24% (21,875.00) 0.00 (21,875.00) 0.00 Purchase 12/10/2024 91282CMA6 1,200,000.00 UNITED STATES TREASURY

4.125 11/30/2029 100.250 4.07% (1,203,000.00) (1,359.89) (1,204,359.89) 0.00 Purchase 12/12/2024 94975H312 72,262.50 ALLSPRING:TRS+ MM S 1.000 4.24% (72,262.50) 0.00 (72,262.50) 0.00 Purchase 12/16/2024 94975H312 1,708.26 ALLSPRING:TRS+ MM S 1.000 4.24% (1,708.26) 0.00 (1,708.26) 0.00 Purchase 12/16/2024 94975H312 4,321.50 ALLSPRING:TRS+ MM S 1.000 4.24% (4,321.50) 0.00 (4,321.50) 0.00 Purchase 12/16/2024 94975H312 191,265.02 ALLSPRING:TRS+ MM S 1.000 4.24% (191,265.02) 0.00 (191,265.02) 0.00 Purchase 12/17/2024 94975H312 5,050.00 ALLSPRING:TRS+ MM S 1.000 4.24% (5,050.00) 0.00 (5,050.00) 0.00 Purchase 12/17/2024 94975H312 20,000,000.00 ALLSPRING:TRS+ MM S 1.000 4.24% (20,000,000.00) 0.00 (20,000,000.00) 0.00 Purchase 12/18/2024 94975H312 22,849.51 ALLSPRING:TRS+ MM S 1.000 4.24% (22,849.51) 0.00 (22,849.51) 0.00 Purchase 12/18/2024 91282CLN9 1,250,000.00 UNITED STATES TREASURY

3.5 09/30/2029 96.633 4.29% (1,207,910.16) (9,495.19) (1,217,405.35) 0.00 Purchase 12/19/2024 94975H312 984,615.28 ALLSPRING:TRS+ MM S 1.000 4.24% (984,615.28) 0.00 (984,615.28) 0.00 Purchase 12/23/2024 94975H312 11,446.15 ALLSPRING:TRS+ MM S 1.000 4.24% (11,446.15) 0.00 (11,446.15) 0.00 Purchase 12/26/2024 94975H312 46,339.16 ALLSPRING:TRS+ MM S 1.000 4.24% (46,339.16) 0.00 (46,339.16) 0.00 Purchase 12/26/2024 94975H312 820.50 ALLSPRING:TRS+ MM S 1.000 4.24% (820.50) 0.00 (820.50) 0.00 Purchase 12/26/2024 912797NH6 35,000,000.00 UNITED STATES TREASURY 02/18/2025 99.362 4.34% (34,776,822.50) 0.00 (34,776,822.50) 0.00 Purchase 12/31/2024 85253$413 4,529,008.26 Wells Fargo Stagecoach Sweep Account 1.000 0.00% (4,529,008.26) 0.00 (4,529,008.26) 0.00 Purchase 12/31/2024 91282CMD0 1,000,000.00 UNITED STATES TREASURY

4.375 12/31/2029 99.957 4.38% (999,570.31) 0.00 (999,570.31) 0.00 Total Purchase 79,419,746.25 (79,157,049.22) (10,855.08) (79,167,904.30) 0.00 TOTAL
ACQUISITIONS 79,419,746.25 (79,157,049.22) (10,855.08) (79,167,904.30) 0.00 OTHER
Maturity 12/03/2024 912797ME4 (15,000,000.00) UNITED STATES TREASURY 12/03/2024 100.000 0.00% 15,000,000.00 0.00 15,000,000.00 0.00 CONFIDENTIAL | 13
City of Vallejo Cons Portfolio | Account #262 | As of December 31, 2024 Execution Time: 01/10/2025 09:19:01 AM 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
Maturity 12/17/2024 912797MP9 (20,000,000.00) UNITED STATES TREASURY 12/17/2024 100.000 0.00% 20,000,000.00 0.00 20,000,000.00 0.00 Total Maturity (35,000,000.00) 35,000,000.00 0.00 35,000,000.00 0.00 Sale 12/10/2024 06367WB85 (1,150,000.00) BANK OF MONTREAL 1.85 05/01/2025 98.916 1.16% 1,137,534.00 (2,304.79) 1,139,838.79 (15,525.83) Sale 12/10/2024 94975H312 (64,521.10) ALLSPRING:TRS+ MM S 1.000 4.24% 64,521.10 0.00 64,521.10 0.00 Sale 12/10/2024 94975H312 (8,722.12) ALLSPRING:TRS+ MM S 1.000 4.24% 8,722.12 0.00 8,722.12 0.00 Sale 12/18/2024 3130AJHU6 (1,250,000.00) FEDERAL HOME LOAN BANKS 0.5 04/14/2025 98.767 0.50% 1,234,587.50 (1,111.11) 1,235,698.61 (15,395.26) Sale 12/19/2024 3135G04Z3 (1,000,000.00)

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.5 06/17/2025

98.129 0.54% 981,290.00 (27.78) 981,317.78 (18,505.72)
Sale 12/26/2024 94975H312 (34,776,822.50) ALLSPRING:TRS+ MM S 1.000 4.24% 34,776,822.50 0.00 34,776,822.50 0.00 Sale 12/31/2024 85253$413 (10,614,018.63) Wells Fargo Stagecoach Sweep Account 1.000 0.00% 10,614,018.63 0.00 10,614,018.63 0.00 Sale 12/31/2024 94975H312 (887,507.81) ALLSPRING:TRS+ MM S 1.000 4.08% 887,507.81 0.00 887,507.81 0.00 Total Sale (49,751,592.16) 49,705,003.66 (3,443.68) 49,708,447.34 (49,426.81)

TOTAL OTHER
TRANSACTIONS (84,751,592.16) 84,705,003.66 (3,443.68) 84,708,447.34 (49,426.81) OTHER
Cash Transfer 12/31/2024 CCYUSD (6,085,010.37) Cash 0.00% (6,085,010.37) 0.00 (6,085,010.37) 0.00 Total Cash
Transfer (6,085,010.37) (6,085,010.37) 0.00 (6,085,010.37) 0.00 Coupon 12/01/2024 3137FG6X8 0.00 FHMS K-077 A2 3.85
05/25/2028 4.21% 5,887.29 0.00 5,887.29 0.00
Coupon 12/09/2024 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 12/12/2024 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 12/12/2024 91159HJM3 0.00 US BANCORP 5.775
06/12/2029 5.26% 31,762.50 0.00 31,762.50 0.00
Coupon 12/15/2024 47789QAC4 0.00 JDOT 2021-B A3 0.52
03/16/2026 0.53% 25.69 0.00 25.69 0.00
CONFIDENTIAL | 14
City of Vallejo Cons Portfolio | Account #262 | As of December 31, 2024 Execution Time: 01/10/2025 09:19:01 AM 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 12/15/2024 44935FAD6 0.00 HART 2021-C A3 0.74
05/15/2026 0.78% 19.93 0.00 19.93 0.00
Coupon 12/15/2024 43815BAC4 0.00 HAROT 2022-1 A3 1.88
05/15/2026 1.90% 282.93 0.00 282.93 0.00
Coupon 12/15/2024 47787JAC2 0.00 JDOT 2022 A3 0.36
09/15/2026 2.35% 196.17 0.00 196.17 0.00
Coupon 12/15/2024 89238FAD5 0.00 TAOT 2022-B A3 2.93
09/15/2026 2.95% 367.52 0.00 367.52 0.00
Coupon 12/15/2024 02582JJT8 0.00 AMXCA 2022-2 A 3.39
05/17/2027 3.42% 2,373.00 0.00 2,373.00 0.00
Coupon 12/15/2024 47800AAC4 0.00 JDOT 2022-B A3 3.74
02/16/2027 3.78% 808.84 0.00 808.84 0.00
Coupon 12/15/2024 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 12/15/2024 34535VAD6 0.00 FORDO 2024-D 4.61
08/15/2029 4.66% 1,708.26 0.00 1,708.26 0.00
Coupon 12/15/2024 02582JJZ4 0.00 AMXCA 2023-1 A 4.87
05/15/2026 4.92% 1,521.87 0.00 1,521.87 0.00
Coupon 12/15/2024 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 12/15/2024 58768PAC8 0.00 MBART 2022-1 A3 5.21
08/16/2027 5.28% 2,969.31 0.00 2,969.31 0.00
Coupon 12/16/2024 362554AC1 0.00 GMCAR 2021-4 A3 0.68
09/16/2026 0.68% 32.79 0.00 32.79 0.00
Coupon 12/16/2024 380146AC4 0.00 GMCAR 2022-1 A3 1.26
11/16/2026 1.27% 65.41 0.00 65.41 0.00
Coupon 12/16/2024 362585AC5 0.00 GMCAR 2022-2 A3 3.1
02/16/2027 3.14% 391.52 0.00 391.52 0.00
Coupon 12/17/2024 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 12/18/2024 89236TJK2 0.00 TOYOTA MOTOR CREDIT
CORP 1.125 06/18/2026 1.13% 4,556.25 0.00 4,556.25 0.00 CONFIDENTIAL | 15
City of Vallejo Cons Portfolio | Account #262 | As of December 31, 2024 Execution Time: 01/10/2025 09:19:01 AM 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 12/19/2024 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 12/21/2024 43815GAC3 0.00 HAROT 2021-4 A3 0.88
01/21/2026 0.90% 44.02 0.00 44.02 0.00
Coupon 12/25/2024 05602RAD3 0.00 BMWOT 2022-A A3 3.21
08/25/2026 3.24% 323.99 0.00 323.99 0.00
Coupon 12/25/2024 437076DC3 0.00 HOME DEPOT INC 4.75
06/25/2029 4.33% 25,531.25 0.00 25,531.25 0.00
Coupon 12/25/2024 05592XAD2 0.00 BMWOT 2023-A A3 5.47
02/25/2028 5.54% 820.50 0.00 820.50 0.00
Coupon 12/31/2024 91282CBC4 0.00 UNITED STATES TREASURY

0.375 12/31/2025 0.39% 3,281.25 0.00 3,281.25 0.00
Coupon 12/31/2024 91282CEW7 0.00 UNITED STATES TREASURY

3.25 06/30/2027 3.00% 22,750.00 0.00 22,750.00 0.00
Coupon 12/31/2024 91282CGC9 0.00 UNITED STATES TREASURY

3.875 12/31/2027 3.62% 24,218.75 0.00 24,218.75 0.00
Coupon 12/31/2024 91282CKX8 0.00 UNITED STATES TREASURY

4.25 06/30/2029 3.67% 39,312.50 0.00 39,312.50 0.00
Coupon 12/31/2024 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 0.00 288,045.54 0.00 288,045.54 0.00
Dividend 12/31/2024 94975H312 0.00 ALLSPRING:TRS+ MM S 4.12% 62,731.30 0.00 62,731.30 0.00 Total Dividend 0.00 62,731.30 0.00 62,731.30 0.00
Management
Fee 12/10/2024 CCYUSD (8,722.12) Cash 0.00% (8,722.12) 0.00 (8,722.12) 0.00 Total
Management
Fee (8,722.12) (8,722.12) 0.00 (8,722.12) 0.00
Principal
Paydown 12/15/2024 47789QAC4 9,848.20 JDOT 2021-B A3 0.52 03/16/2026 0.53% 9,848.20 -- 9,848.20 0.00
Principal
Paydown 12/15/2024 44935FAD6 9,334.46 HART 2021-C A3 0.74 05/15/2026 0.78% 9,334.46 -- 9,334.46 0.00
Principal
Paydown 12/15/2024 43815BAC4 22,885.67 HAROT 2022-1 A3 1.88 05/15/2026 1.90% 22,885.67 -- 22,885.67 0.00
CONFIDENTIAL | 16
City of Vallejo Cons Portfolio | Account #262 | As of December 31, 2024 Execution Time: 01/10/2025 09:19:01 AM 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 12/15/2024 47787JAC2 12,175.11 JDOT 2022 A3 0.36 09/15/2026 2.35% 12,175.11 -- 12,175.11 0.00
Principal
Paydown 12/15/2024 89238FAD5 15,023.35 TAOT 2022-B A3 2.93 09/15/2026 2.95% 15,023.35 -- 15,023.35 0.00
Principal
Paydown 12/15/2024 47800AAC4 15,339.53 JDOT 2022-B A3 3.74 02/16/2027 3.78% 15,339.53 -- 15,339.53 0.00
Principal
Paydown 12/15/2024 58768PAC8 45,950.47 MBART 2022-1 A3 5.21 08/16/2027 5.28% 45,950.47 -- 45,950.47 0.00
Principal
Paydown 12/16/2024 362554AC1 8,548.85 GMCAR 2021-4 A3 0.68 09/16/2026 0.68% 8,548.85 -- 8,548.85 0.00
Principal
Paydown 12/16/2024 380146AC4 8,459.47 GMCAR 2022-1 A3 1.26 11/16/2026 1.27% 8,459.47 -- 8,459.47 0.00
Principal
Paydown 12/16/2024 362585AC5 13,394.93 GMCAR 2022-2 A3 3.1 02/16/2027 3.14% 13,394.93 -- 13,394.93 0.00
Principal
Paydown 12/21/2024 43815GAC3 11,402.13 HAROT 2021-4 A3 0.88 01/21/2026 0.90% 11,402.13 -- 11,402.13 (0.00)
Principal
Paydown 12/25/2024 05602RAD3 14,596.63 BMWOT 2022-A A3 3.21 08/25/2026 3.24% 14,596.63 -- 14,596.63 0.00
Total Principal
Paydown 186,958.80 186,958.80 -- 186,958.80 0.02

INCOME EARNED
Cusip Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income

CASH & EQUIVALENTS
85253$413 Wells Fargo Stagecoach
Sweep Account 16,404,664.79
22,489,675.16
4,529,008.26
(10,614,018.63)
16,404,664.79

0.00 0.00

0.00 912797ME4 UNITED STATES TREASURY
12/03/2024
09/26/2024
09/27/2024

0.00 14,996,230.42

0.00 (15,000,000.00)

0.00 0.00

0.00 3,769.58

0.00 3,769.58
3,769.58
3,769.58
912797NH6 UNITED STATES TREASURY
02/18/2025
12/24/2024
12/26/2024
35,000,000.00

0.00 34,776,822.50

0.00 34,801,620.00

0.00 0.00

0.00 0.00
24,797.50

0.00 24,797.50
24,797.50
24,797.50
94975H312 ALLSPRING:TRS+ MM S
982,429.01
279,264.55
36,440,737.99
(35,737,573.53)
982,429.01

0.00 14,997.61

0.00 0.00

0.00 14,997.61
14,997.61
CCYUSD Receivable
717,348.56
524,752.52

0.00 0.00
717,348.56

0.00 0.00

0.00 Total Cash & Equivalents 53,104,442.36
38,289,922.65
75,746,568.75
(61,351,592.16)
52,906,062.36

0.00 14,997.61

0.00 14,997.61
28,567.08

0.00 28,567.08
43,564.69 43,564.69

FIXED INCOME
023135CF1 AMAZON.COM INC 3.3
04/13/2027
04/25/2022
04/27/2022
750,000.00
749,382.04

0.00 0.00
749,404.24
3,300.00

0.00 5,362.50
2,062.50

22.20 0.00

22.20 2,084.70
2,084.70
02582JJT8 AMXCA 2022-2 A 3.39
05/17/2027
05/17/2022
05/24/2022
840,000.00
839,959.31

0.00 0.00
839,966.95
1,265.60
2,373.00
1,265.60
2,373.00

7.65 0.00

0.00 0.00
374,979.89
811.67
1,521.87
811.67
1,521.87

1.25 0.00

1.25 1,523.12
1,523.12
02665WEM9 AMERICAN HONDA FINANCE
CORP 5.125 07/07/2028
08/17/2023
08/21/2023
1,200,000.00
1,192,204.48

0.00 0.00
1,192,388.40
24,600.00

0.00 29,725.00
5,125.00
183.91

0.00 183.91
5,308.91
5,308.91
037833ET3 APPLE INC 4.0 05/10/2028
05/08/2023
05/10/2023
205,000.00
204,728.00

0.00 0.00
204,734.72
478.33

0.00 1,161.67
683.33

6.71 0.00

6.71 690.05
690.05
05592XAD2 BMWOT 2023-A A3 5.47
02/25/2028
07/11/2023
07/18/2023
180,000.00
179,977.61

0.00 0.00
179,978.20
164.10
820.50
164.10
820.50

0.59 0.00

0.59 821.09
821.09
05602RAD3 BMWOT 2022-A A3 3.21
08/25/2026
05/10/2022
05/18/2022
106,519.98
121,114.22

0.00 (14,596.63)
106,517.99

64.80 323.99

56.99 316.18

0.39 0.00

0.39 316.57
316.57
06051GGF0 BANK OF AMERICA CORP

3.824 01/20/2028
04/10/2023
04/12/2023
1,000,000.00
975,389.56

0.00 0.00
976,367.67
13,915.11

0.00 17,101.78
3,186.67
978.11

0.00 978.11
4,164.77
4,164.77
06051GJD2 BANK OF AMERICA CORP

1.319 06/19/2026
09/16/2021
09/20/2021
500,000.00
500,244.88

0.00 0.00
500,206.93
2,967.75
3,297.50
219.83
549.58

0.00 (37.96)
(37.96)
511.63
511.63
06367WB85 BANK OF MONTREAL 1.85
05/01/2025
03/24/2021
03/26/2021

0.00 1,153,253.76

0.00 (1,153,059.83)

0.00 1,772.92
2,304.79

0.00 531.87

0.00 (193.93)
(193.93)
337.94
337.94
06406RAB3 BANK OF NEW YORK MELLON
CORP 3.442 02/07/2028
04/26/2023
04/28/2023
1,000,000.00
977,955.32

0.00 0.00
978,811.69
10,899.67

0.00 13,768.00
2,868.33
856.37

BERKSHIRE HATHAWAY
FINANCE CORP 2.3
03/15/2027
03/07/2022
03/15/2022
1,095,000.00
1,094,904.98

0.00 0.00
1,094,908.51
5,316.83

0.00 7,415.58
2,098.75

3.53 0.00

3.53 2,102.28
2,102.28
14913R3A3

CATERPILLAR FINANCIAL
SERVICES CORP 3.6
08/12/2027
08/22/2022
08/24/2022
700,000.00
696,366.14

0.00 0.00
696,480.62
7,630.00

0.00 9,730.00
2,100.00
114.48

0.00 114.48
2,214.48
2,214.48
14913UAJ9

CATERPILLAR FINANCIAL
SERVICES CORP 4.85
02/27/2029
05/21/2024
05/23/2024
450,000.00
450,172.16

0.00 0.00
450,168.72
5,698.75

0.00 7,517.50
1,818.75

0.00 (3.45)
(3.45)
1,815.30
1,815.30
161571HT4 CHAIT 2023-1 A 5.16
09/15/2028
09/07/2023
09/15/2023
1,005,000.00
1,004,788.96

0.00 0.00
1,004,793.69
2,304.80
4,321.50
2,304.80
4,321.50

4.73 0.00

4.73 4,326.23
4,326.23
24422EXH7 JOHN DEERE CAPITAL CORP

4.5 01/16/2029
04/23/2024
04/25/2024
1,200,000.00
1,174,512.76

0.00 0.00
1,175,037.05
20,250.00

0.00 24,750.00
4,500.00
524.29

0.00 524.29
5,024.29
5,024.29
3130AJHU6 FEDERAL HOME LOAN BANKS

0.5 04/14/2025
05/28/2020
05/29/2020

0.00 1,249,980.25

0.00 (1,249,982.76)

0.00 815.97
1,111.11

0.00 295.14

2.51 0.00

2.51 297.64
297.64
3130ATUC9 FEDERAL HOME LOAN BANKS

4.5 12/12/2025
02/08/2023
02/09/2023
1,800,000.00
1,804,921.00

0.00 0.00
1,804,515.27
38,025.00
40,500.00
4,275.00
6,750.00

0.00 (405.72)
(405.72)
6,344.28
6,344.28
3130AVBD3 FEDERAL HOME LOAN BANKS

4.5 03/09/2029
04/22/2024
04/23/2024
1,000,000.00
991,876.74

0.00 0.00
992,038.27
10,250.00

0.00 14,000.00
3,750.00
161.53

0.00 161.53
3,911.53
3,911.53
3130AWMN7 FEDERAL HOME LOAN BANKS

4.375 06/09/2028
07/26/2023
07/27/2023
1,000,000.00
1,003,252.95

0.00 0.00
1,003,174.54
20,902.78
21,875.00
2,673.61
3,645.83

4.375 09/08/2028
09/21/2023
09/22/2023
1,000,000.00
989,040.20

0.00 0.00
989,286.94
10,086.81

0.00 13,732.64
3,645.83
246.73

0.00 246.73
3,892.57
3,892.57
3133EPN50

FEDERAL FARM CREDIT
BANKS FUNDING CORP 4.25
12/15/2028
12/28/2023
12/29/2023
1,000,000.00
1,013,602.87

0.00 0.00
1,013,316.98
19,597.22
21,250.00
1,888.89
3,541.67

0.00 (285.89)
(285.89)
3,255.78
3,255.78
3135G04Z3

FEDERAL NATIONAL
MORTGAGE ASSOCIATION 0.5
06/17/2025
06/17/2020
06/19/2020
1,020,000.00
2,019,546.10

0.00 (999,795.72)
1,019,806.69
4,601.11
5,077.78
198.33
675.00

56.31 0.00

56.31 731.31
731.31
3135G05X7

FEDERAL NATIONAL

MORTGAGE ASSOCIATION

0.375 08/25/2025
08/25/2020
08/27/2020
1,700,000.00
1,698,835.39

0.00 0.00
1,698,970.61
1,700.00

0.00 2,231.25
531.25
135.22

0.00 135.22
666.47
666.47
3135G06G3

FEDERAL NATIONAL
MORTGAGE ASSOCIATION 0.5
11/07/2025
11/09/2020
11/12/2020
1,680,000.00
1,678,873.74

0.00 0.00
1,678,976.13
560.00

0.00 1,260.00
700.00
102.39

0.00 102.39
802.39
802.39
3137EAEU9

FEDERAL HOME LOAN
MORTGAGE CORP 0.375
07/21/2025
07/21/2020
07/23/2020
1,075,000.00
1,074,319.07

0.00 0.00
1,074,410.06
1,455.73

0.00 1,791.67
335.94

90.99 0.00

90.99 426.92
426.92
3137EAEX3

FEDERAL HOME LOAN
MORTGAGE CORP 0.375
09/23/2025
09/23/2020
09/25/2020
1,560,000.00
1,559,238.00

0.00 0.00
1,559,317.80
1,105.00

0.00 1,592.50
487.50

79.80 0.00

79.80 567.30
567.30
3137FG6X8 FHMS K-077 A2 3.85
05/25/2028
05/24/2023
05/30/2023
1,835,000.00
1,811,634.74

0.00 0.00
1,812,215.59
5,887.29
5,887.29
5,887.29
5,887.29
580.85

0.00 580.85
6,468.14
6,468.14
34535VAD6 FORDO 2024-D 4.61
08/15/2029
11/19/2024
11/22/2024
580,000.00
579,981.48

0.00 0.00
579,981.81
668.45
1,708.26
1,188.36
2,228.17

0.33 0.00

0.00 (8,548.85)
49,312.17

16.39 32.79

13.97 30.37

0.09 0.00

0.09 30.45

30.45 362585AC5 GMCAR 2022-2 A3 3.1
02/16/2027
04/05/2022
04/13/2022
138,162.72
151,544.24

0.00 (13,394.93)
138,150.97
195.76
391.52
178.46
374.22

1.65 0.00

1.65 375.87
375.87
380146AC4 GMCAR 2022-1 A3 1.26
11/16/2026
01/11/2022
01/19/2022
53,832.09
62,289.61

0.00 (8,459.47)
53,830.48

32.70 65.41

28.26 60.97

0.34 0.00

0.34 61.31

61.31 437076DC3 HOME DEPOT INC 4.75
06/25/2029 1,075,000.00
1,093,164.69

0.00 0.00
1,092,819.61
22,127.08
25,531.25
851.04
4,255.21

46.54 (391.62)
(345.08)
3,910.13
3,910.13
43815BAC4 HAROT 2022-1 A3 1.88
05/15/2026
02/15/2022
02/23/2022
157,708.04
180,585.11

0.00 (22,885.67)
157,700.97
150.90
282.93
131.77
263.81

1.53 0.00

1.53 265.34
265.34
43815GAC3 HAROT 2021-4 A3 0.88
01/21/2026
11/16/2021
11/24/2021
48,630.49
60,029.51

0.00 (11,402.13)
48,628.15

14.67 44.02

11.89 41.23

0.78 0.00

0.78 42.01

42.01 44935FAD6 HART 2021-C A3 0.74
05/15/2026
11/09/2021
11/17/2021
22,988.68
32,321.13

0.00 (9,334.46)
22,987.33

10.63 19.93

7.56 16.86

0.66 0.00

0.66 17.52

17.52 4581X0EN4

INTER-AMERICAN
DEVELOPMENT BANK 4.125
02/15/2029
02/15/2024
02/20/2024
1,250,000.00
1,241,332.23

0.00 0.00
1,241,507.05
15,182.29

0.00 19,479.17
4,296.88
174.82

0.00 174.82
4,471.70
4,471.70
459058LN1

INTERNATIONAL BANK FOR

RECONSTRUCTION AND
DEVELOPM 3.875 10/16/2029
10/28/2024
10/29/2024
1,000,000.00
988,591.51

0.00 0.00
988,790.19
4,843.75

0.00 8,072.92
3,229.17
198.69

0.00 0.00
519,592.77
8,970.00

0.00 10,920.00
1,950.00

9.79 0.00

9.79 1,959.79
1,959.79
46647PAV8 JPMORGAN CHASE & CO

4.203 07/23/2029 1,300,000.00
1,272,780.61

0.00 0.00
1,273,415.05
19,427.20

0.00 23,980.45
4,553.25
634.44

0.00 634.44
5,187.69
5,187.69
47787JAC2 JDOT 2022 A3 0.36
09/15/2026
03/10/2022
03/16/2022
89,292.48
101,459.22

0.00 (12,175.11)
89,285.47
104.62
196.17

92.07 183.62

1.35 0.00

1.35 184.97
184.97
47789QAC4 JDOT 2021-B A3 0.52
03/16/2026
07/13/2021
07/21/2021
49,425.40
59,272.32

0.00 (9,848.20)
49,424.41

13.70 25.69

11.42 23.41

0.28 0.00

0.28 23.70

23.70 47800AAC4 JDOT 2022-B A3 3.74
02/16/2027
07/12/2022
07/20/2022
244,182.53
259,510.46

0.00 (15,339.53)
244,172.04
431.38
808.84
405.89
783.34

1.10 0.00

1.10 784.45
784.45
58768PAC8 MBART 2022-1 A3 5.21
08/16/2027
11/15/2022
11/22/2022
637,960.41
683,834.19

0.00 (45,950.47)
637,891.12
1,583.63
2,969.31
1,477.23
2,862.91

7.40 0.00

7.40 2,870.31
2,870.31
61747YFD2 MORGAN STANLEY 5.164
04/20/2029
05/30/2024
05/31/2024
1,200,000.00
1,189,847.39

0.00 0.00
1,190,102.03
7,057.47

0.00 12,221.47
5,164.00
254.64

0.00 254.64
5,418.64
5,418.64
69371RS80 PACCAR FINANCIAL CORP 4.6
01/31/2029
01/24/2024
01/31/2024
1,200,000.00
1,198,370.54

0.00 0.00
1,198,403.72
18,553.33

0.00 23,153.33
4,600.00

33.19 0.00

33.19 4,633.19
4,633.19
74340XBN0 PROLOGIS LP 2.125
04/15/2027
11/09/2022
11/14/2022
1,000,000.00
936,339.65

0.00 0.00
938,621.12
2,715.28

0.00 4,486.11
1,770.83
2,281.47

0.00 0.00
1,198,757.10
3,854.17

0.00 7,708.33
3,854.17
1,306.36

0.00 1,306.36
5,160.52
5,160.52
756109AU8 REALTY INCOME CORP 3.65
01/15/2028
04/24/2023
04/26/2023
1,000,000.00
970,571.48

0.00 0.00
971,371.73
13,788.89

0.00 16,830.56
3,041.67
800.25

0.00 800.25
3,841.92
3,841.92
78016HZS2 ROYAL BANK OF CANADA 5.2
08/01/2028
09/07/2023
09/11/2023
1,000,000.00
989,518.91

0.00 0.00
989,761.57
17,333.33

0.00 21,666.67
4,333.33
242.65

0.00 242.65
4,575.99
4,575.99
808513BY0 CHARLES SCHWAB CORP 2.45
03/03/2027 1,000,000.00
993,398.31

0.00 0.00
993,647.28
5,988.89

0.00 8,030.56
2,041.67
248.97

0.00 248.97
2,290.64
2,290.64
87612EBM7 TARGET CORP 1.95
01/15/2027
01/19/2022
01/24/2022
545,000.00
544,604.82

0.00 0.00
544,620.63
4,014.83

0.00 4,900.46
885.63

15.81 0.00

15.81 901.43
901.43
89115A2M3 TORONTO-DOMINION BANK

5.156 01/10/2028
06/28/2023
06/30/2023
1,100,000.00
1,096,529.85

0.00 0.00
1,096,624.63
22,213.77

0.00 26,940.10
4,726.33

94.78 0.00

94.78 4,821.11
4,821.11
89236TJK2 TOYOTA MOTOR CREDIT
CORP 1.125 06/18/2026
06/15/2021
06/18/2021
810,000.00
809,889.92

0.00 0.00
809,895.97
4,125.94
4,556.25
329.06
759.38

6.05 0.00

6.05 765.43
765.43
89236TMF9 TOYOTA MOTOR CREDIT
CORP 5.05 05/16/2029
05/21/2024
05/23/2024
500,000.00
500,872.09

0.00 0.00
500,855.47
1,052.08

0.00 3,156.25
2,104.17

0.00 (16.62)
(16.62)
2,087.55
2,087.55
89238FAD5 TAOT 2022-B A3 2.93
09/15/2026
04/07/2022
04/13/2022
135,495.89
150,518.13

0.00 (15,023.35)
135,494.94
196.01
367.52
176.45
347.96

0.16 0.00

0.00 0.00
1,117,249.85
29,821.46
31,762.50
3,352.71
5,293.75

0.00 (425.08)
(425.08)
4,868.67
4,868.67
912797KA4 UNITED STATES TREASURY
02/20/2025
11/21/2024
11/21/2024
6,950,000.00
6,881,071.47

0.00 0.00
6,907,451.52

0.00 0.00

0.00 0.00
26,380.06

0.00 26,380.06
26,380.06
26,380.06
912797MK0 UNITED STATES TREASURY
02/13/2025 20,000,000.00
19,815,002.57

0.00 0.00
19,892,501.49

0.00 0.00

0.00 0.00
77,498.92

0.00 77,498.92
77,498.92
77,498.92
912797MP9 UNITED STATES TREASURY
12/17/2024 0.00
19,958,750.56

0.00 (20,000,000.00)

0.00 0.00

0.00 41,249.44

0.00 41,249.44
41,249.44
41,249.44
912797MX2 UNITED STATES TREASURY
01/14/2025
09/26/2024
09/27/2024
20,000,000.00
19,891,246.67

0.00 0.00
19,967,868.33

0.00 0.00

0.00 0.00
76,621.67

0.00 76,621.67
76,621.67
76,621.67
9128283W8 UNITED STATES TREASURY

2.75 02/15/2028
03/08/2023
03/09/2023
1,250,000.00
1,192,283.45

0.00 0.00
1,193,811.38
10,088.32

0.00 12,984.04
2,895.72
1,527.94

0.00 1,527.94
4,423.66
4,423.66
9128285M8 UNITED STATES TREASURY

3.125 11/15/2028
11/17/2023
11/20/2023
1,000,000.00
952,074.15

0.00 0.00
953,102.32
1,381.22

0.00 4,057.32
2,676.10
1,028.17

0.00 1,028.17
3,704.27
3,704.27
912828V98 UNITED STATES TREASURY

2.25 02/15/2027
02/06/2023
02/07/2023
1,250,000.00
1,207,804.72

0.00 0.00
1,209,427.61
8,254.08

0.00 10,623.30
2,369.23
1,622.90

0.00 1,622.90
3,992.12
3,992.12
912828Z78 UNITED STATES TREASURY 1.5
01/31/2027
03/30/2022
03/31/2022
500,000.00
490,295.06

0.00 0.00
490,675.40
2,506.79

0.00 3,138.59
631.79
380.35

0.375 11/30/2025
12/28/2020
12/29/2020
1,200,000.00
1,199,933.54

0.00 0.00
1,199,939.20

12.36 2,250.00
395.60
2,633.24

5.66 0.00

5.66 2,638.90
2,638.90
91282CBC4 UNITED STATES TREASURY

0.375 12/31/2025
01/27/2021
01/28/2021
1,750,000.00
1,749,639.57

0.00 0.00
1,749,667.86
2,746.26
3,281.25

18.13 553.11

28.29 0.00

28.29 581.40
581.40
91282CBT7 UNITED STATES TREASURY

0.75 03/31/2026
03/30/2021
03/31/2021
1,500,000.00
1,496,809.59

0.00 0.00
1,497,013.52
1,916.21

0.00 2,874.31
958.10
203.92

0.00 203.92
1,162.03
1,162.03
91282CBW0 UNITED STATES TREASURY

0.75 04/30/2026
04/29/2021
04/30/2021
1,000,000.00
998,138.12

0.00 0.00
998,250.19
642.27

0.00 1,284.53
642.27
112.07

0.00 112.07
754.34
754.34
91282CCP4 UNITED STATES TREASURY

0.625 07/31/2026
08/10/2021
08/11/2021
1,000,000.00
996,825.48

0.00 0.00
996,987.60
2,088.99

0.00 2,615.49
526.49
162.13

0.00 162.13
688.62
688.62
91282CCW9 UNITED STATES TREASURY

0.75 08/31/2026 2,250,000.00
2,241,600.19

0.00 0.00
2,242,008.33
4,288.67

0.00 5,733.77
1,445.10
408.14

0.00 408.14
1,853.24
1,853.24
91282CDG3 UNITED STATES TREASURY

1.125 10/31/2026 3,000,000.00
2,992,004.75

0.00 0.00
2,992,359.33
2,890.19

0.00 5,780.39
2,890.19
354.58

0.00 354.58
3,244.78
3,244.78
91282CEF4 UNITED STATES TREASURY 2.5
03/31/2027
09/27/2022
09/28/2022
1,250,000.00
1,203,929.40

0.00 0.00
1,205,609.62
5,322.80

0.00 7,984.20
2,661.40
1,680.22

0.00 1,680.22
4,341.62
4,341.62
91282CEN7 UNITED STATES TREASURY

2.75 04/30/2027 2,500,000.00
2,473,243.81

0.00 0.00
2,474,186.36
5,887.43

0.00 11,774.86
5,887.43
942.55

3.25 06/30/2027
07/12/2022
07/13/2022
1,400,000.00
1,408,458.56

0.00 0.00
1,408,179.90
19,040.76
22,750.00
125.69
3,834.93

0.00 (278.66)
(278.66)
3,556.27
3,556.27
91282CFH9 UNITED STATES TREASURY

3.125 08/31/2027
09/08/2022
09/09/2022
1,000,000.00
993,983.97

0.00 0.00
994,169.91
7,941.99

0.00 10,618.09
2,676.10
185.94

0.00 185.94
2,862.04
2,862.04
91282CFJ5 UNITED STATES TREASURY

3.125 08/31/2029
09/27/2024
09/30/2024
1,500,000.00
1,472,449.91

0.00 0.00
1,472,942.44
11,912.98

0.00 15,927.14
4,014.16
492.53

0.00 492.53
4,506.69
4,506.69
91282CFM8 UNITED STATES TREASURY

4.125 09/30/2027
10/28/2022
10/31/2022
1,000,000.00
998,201.60

0.00 0.00
998,255.57
7,026.10

0.00 10,539.15
3,513.05

53.97 0.00

53.97 3,567.02
3,567.02
91282CFU0 UNITED STATES TREASURY

4.125 10/31/2027
12/20/2022
12/21/2022
1,100,000.00
1,108,242.25

0.00 0.00
1,108,002.11
3,885.70

0.00 7,771.41
3,885.70

0.00 (240.14)
(240.14)
3,645.56
3,645.56
91282CGC9 UNITED STATES TREASURY

3.875 12/31/2027
01/26/2023
01/27/2023
1,250,000.00
1,258,977.16

0.00 0.00
1,258,729.79
20,270.04
24,218.75
133.81
4,082.51

0.00 (247.37)
(247.37)
3,835.14
3,835.14
91282CGT2 UNITED STATES TREASURY

3.625 03/31/2028
06/29/2023
06/30/2023
1,750,000.00
1,720,887.10

0.00 0.00
1,721,629.28
10,805.29

0.00 16,207.93
5,402.64
742.19

0.00 742.19
6,144.83
6,144.83
91282CHA2 UNITED STATES TREASURY 3.5
04/30/2028 2,180,000.00
2,176,760.99

0.00 0.00
2,176,841.57
6,533.98

0.00 13,067.96
6,533.98
112.68
(32.10)

80.59 6,614.56
6,614.56
91282CHQ7 UNITED STATES TREASURY

4.125 07/31/2028
09/28/2023
09/29/2023
1,000,000.00
982,016.13

0.00 0.00
982,432.80
13,787.36

0.00 17,262.23
3,474.86
416.67

4.375 08/31/2028
09/25/2023
09/26/2023
1,500,000.00
1,489,087.93

0.00 0.00
1,489,335.03
16,678.18

0.00 22,298.00
5,619.82
247.10

0.00 247.10
5,866.92
5,866.92
91282CJA0 UNITED STATES TREASURY

4.625 09/30/2028 1,850,000.00
1,831,216.06

0.00 0.00
1,831,632.29
14,573.83

0.00 21,860.75
7,286.92
416.23

0.00 416.23
7,703.14
7,703.14
91282CJN2 UNITED STATES TREASURY

4.375 11/30/2028
12/21/2023
12/22/2023
1,500,000.00
1,529,811.07

0.00 0.00
1,529,178.10
180.29
32,812.50
5,769.23
38,401.44

0.00 (632.97)
(632.97)
37,768.47
37,768.47
91282CJR3 UNITED STATES TREASURY

3.75 12/31/2028
01/30/2024
01/31/2024
1,200,000.00
1,190,543.76

0.00 0.00
1,190,740.36
18,831.52
22,500.00
124.31
3,792.79
196.61

0.00 196.61
3,989.40
3,989.40
91282CJW2 UNITED STATES TREASURY 4.0
01/31/2029
02/26/2024
02/27/2024
1,500,000.00
1,482,411.78

0.00 0.00
1,482,770.02
20,054.35

0.00 25,108.70
5,054.35
358.24

0.00 358.24
5,412.58
5,412.58
91282CKD2 UNITED STATES TREASURY

4.25 02/28/2029
03/25/2024
03/26/2024
1,000,000.00
1,000,470.92

0.00 0.00
1,000,461.51
10,801.11

0.00 14,440.61
3,639.50

0.00 (9.42)
(9.42)
3,630.08
3,630.08
91282CKG5 UNITED STATES TREASURY

4.125 03/31/2029
04/08/2024
04/09/2024
1,200,000.00
1,185,847.03

0.00 0.00
1,186,124.54
8,431.32

0.00 12,646.98
4,215.66
277.51

0.00 277.51
4,493.17
4,493.17
91282CKP5 UNITED STATES TREASURY

4.625 04/30/2029
05/28/2024
05/29/2024
1,000,000.00
1,003,116.72

0.00 0.00
1,003,056.74
3,960.64

0.00 7,921.27
3,960.64

0.00 (59.97)
(59.97)
3,900.66
3,900.66
91282CKT7 UNITED STATES TREASURY 4.5
05/31/2029
06/26/2024
06/27/2024
1,250,000.00
1,258,378.57

0.00 0.00
1,258,220.39
154.53
28,125.00
4,945.05
32,915.52

4.25 06/30/2029 1,850,000.00
1,894,488.59

0.00 0.00
1,893,663.74
32,902.85
39,312.50
217.20
6,626.84

0.00 (824.85)
(824.85)
5,801.99
5,801.99
91282CLC3 UNITED STATES TREASURY 4.0
07/31/2029 1,750,000.00
1,748,781.93

0.00 0.00
1,748,804.11
23,396.74

0.00 29,293.48
5,896.74

87.54 (65.36)

22.17 5,918.91
5,918.91
91282CLN9 UNITED STATES TREASURY 3.5
09/30/2029
12/17/2024
12/18/2024
1,250,000.00

0.00 1,207,910.16

0.00 1,208,247.46

0.00 (9,495.19)
11,177.88
1,682.69
337.30

0.00 337.30
2,019.99
2,019.99
91282CLR0 UNITED STATES TREASURY

4.125 10/31/2029
11/19/2024
11/20/2024
1,250,000.00
1,243,933.66

0.00 0.00
1,244,038.42
4,415.57

0.00 8,831.15
4,415.57
104.77

0.00 104.77
4,520.34
4,520.34
91282CMA6 UNITED STATES TREASURY

4.125 11/30/2029
12/09/2024
12/10/2024
1,200,000.00

0.00 1,203,000.00

0.00 1,202,963.66

0.00 (1,359.89)
4,351.65
2,991.76

0.00 (36.34)
(36.34)
2,955.41
2,955.41
91282CMD0 UNITED STATES TREASURY

4.375 12/31/2029
12/30/2024
12/31/2024
1,000,000.00

0.00 999,570.31

0.00 999,570.55

0.00 0.00
120.86
120.86

0.24 0.00

0.24 121.09
121.09
91324PEC2 UNITEDHEALTH GROUP INC

1.15 05/15/2026 1,245,000.00
1,240,519.27

0.00 0.00
1,240,780.57
636.33

0.00 1,829.46
1,193.13
275.21
(13.92)
261.29
1,454.42
1,454.42
927804GH1 VIRGINIA ELECTRIC AND
POWER CO 3.75 05/15/2027
05/16/2022
05/31/2022
250,000.00
249,614.31

0.00 0.00
249,627.67
416.67

0.00 1,197.92
781.25

13.36 0.00

13.36 794.61
794.61
931142ER0 WALMART INC 1.05
09/17/2026
09/08/2021
09/17/2021
240,000.00
239,837.29

0.00 0.00
239,844.99
518.00

0.00 728.00
210.00

7.70 0.00

0.00 0.00
499,659.50
4,498.61

0.00 6,144.44
1,645.83

10.76 0.00

10.76 1,656.59
1,656.59
Total Fixed Income 145,448,511.26
164,573,119.23
3,410,480.47
(23,589,797.09)
144,634,432.82
730,596.19
343,821.64
710,613.56
323,839.01
245,068.17
(4,437.96)
240,630.21
564,469.22 564,469.22
LAIF
90LAIF$00 Local Agency Investment
Fund State Pool 54,679,000.46
54,679,000.46

0.00 0.00
54,679,000.46

0.00 0.00

0.00 Total LAIF 54,679,000.46
54,679,000.46

0.00 0.00
54,679,000.46

0.00 0.00

0.00 0.00 0.00
TOTAL PORTFOLIO 253,231,954.08
257,542,042.33
79,157,049.22
(84,941,389.25)
252,219,495.64
730,596.19
358,819.25
710,613.56
338,836.62
273,635.26
(4,437.96)
269,197.30
608,033.91 608,033.91
CONFIDENTIAL | 30
City of Vallejo Cons Portfolio | Account #262 | As of December 31, 2024 Execution Time: 01/10/2025 09:19:01 AM 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 JANUARY 2025
01/02/2025 Dividend 94975H312 0.00 2,677.13 2,677.13
01/02/2025 Dividend 94975H312 0.00 60,054.17 60,054.17
01/07/2025 Coupon 02665WEM9 0.00 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
01/14/2025 Final Maturity 912797MX2 20,000,000.00 UNITED STATES TREASURY 01/14/2025 20,000,000.00 20,000,000.00 01/15/2025 Coupon 02582JJT8 840,000.00 AMXCA 2022-2 A 3.39 05/17/2027 2,373.00 2,373.00 01/15/2025 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2026 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 34535VAD6 580,000.00 FORDO 2024-D 4.61 08/15/2029 2,228.17 2,228.17 01/15/2025 Coupon 43815BAC4 157,708.04 HAROT 2022-1 A3 1.88 05/15/2026 247.08 247.08 01/15/2025 Principal Paydown 43815BAC4 157,708.04 HAROT 2022-1 A3 1.88 05/15/2026 21,080.59 21,080.59 01/15/2025 Coupon 44935FAD6 22,988.68 HART 2021-C A3 0.74 05/15/2026 15.47 15.47 01/15/2025 Principal Paydown 44935FAD6 22,988.68 HART 2021-C A3 0.74 05/15/2026 8,496.93 8,496.93 01/15/2025 Coupon 47787JAC2 89,292.48 JDOT 2022 A3 0.36 09/15/2026 167.13 167.13 01/15/2025 Principal Paydown 47787JAC2 89,292.48 JDOT 2022 A3 0.36 09/15/2026 12,944.89 12,944.89 01/15/2025 Coupon 47789QAC4 49,425.40 JDOT 2021-B A3 0.52 03/16/2026 21.95 21.95 01/15/2025 Principal Paydown 47789QAC4 49,425.40 JDOT 2021-B A3 0.52 03/16/2026 16,284.62 16,284.62 01/15/2025 Coupon 47800AAC4 244,182.53 JDOT 2022-B A3 3.74 02/16/2027 761.04 761.04 01/15/2025 Principal Paydown 47800AAC4 244,182.53 JDOT 2022-B A3 3.74 02/16/2027 24,608.88 24,608.88 01/15/2025 Coupon 58768PAC8 637,960.41 MBART 2022-1 A3 5.21 08/16/2027 2,783.12 2,783.12 01/15/2025 Principal Paydown 58768PAC8 637,960.41 MBART 2022-1 A3 5.21 08/16/2027 42,021.03 42,021.03 01/15/2025 Coupon 756109AU8 1,000,000.00 REALTY INCOME CORP 3.65 01/15/2028 18,250.00 18,250.00 01/15/2025 Coupon 87612EBM7 545,000.00 TARGET CORP 1.95 01/15/2027 5,313.75 5,313.75 01/15/2025 Coupon 89238FAD5 135,495.89 TAOT 2022-B A3 2.93 09/15/2026 330.99 330.99 01/15/2025 Principal Paydown 89238FAD5 135,495.89 TAOT 2022-B A3 2.93 09/15/2026 14,655.24 14,655.24 01/15/2025 Dividend 90LAIF$00 54,679,000.46 Local Agency Investment Fund State Pool 654,617.26 654,617.26 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 49,312.54 GMCAR 2021-4 A3 0.68 09/16/2026 30.82 30.82 CONFIDENTIAL | 31
City of Vallejo Cons Portfolio | Account #262 | As of December 31, 2024 Execution Time: 01/10/2025 09:19:01 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 01/16/2025 Principal Paydown 362554AC1 49,312.54 GMCAR 2021-4 A3 0.68 09/16/2026 7,740.15 7,740.15 01/16/2025 Coupon 362585AC5 138,162.72 GMCAR 2022-2 A3 3.1 02/16/2027 357.53 357.53 01/16/2025 Principal Paydown 362585AC5 138,162.72 GMCAR 2022-2 A3 3.1 02/16/2027 12,833.22 12,833.22 01/16/2025 Coupon 380146AC4 53,832.09 GMCAR 2022-1 A3 1.26 11/16/2026 57.09 57.09 01/16/2025 Principal Paydown 380146AC4 53,832.09 GMCAR 2022-1 A3 1.26 11/16/2026 7,734.37 7,734.37 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 48,630.49 HAROT 2021-4 A3 0.88 01/21/2026 35.66 35.66 01/21/2025 Principal Paydown 43815GAC3 48,630.49 HAROT 2021-4 A3 0.88 01/21/2026 10,326.30 10,326.30 01/23/2025 Coupon 46647PAV8 1,300,000.00 JPMORGAN CHASE & CO 4.203 07/23/2029 27,319.50 27,319.50 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 106,519.98 BMWOT 2022-A A3 3.21 08/25/2026 288.26 288.26 01/27/2025 Principal Paydown 05602RAD3 106,519.98 BMWOT 2022-A A3 3.21 08/25/2026 13,713.44 13,713.44 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 01/31/2025 Coupon 91282CLC3 1,750,000.00 UNITED STATES TREASURY 4.0 07/31/2029 35,000.00 35,000.00 January 2025 Total 20,909,788.23 312,175.34 21,221,963.57 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
02/13/2025 Final Maturity 912797MK0 20,000,000.00 UNITED STATES TREASURY 02/13/2025 20,000,000.00 20,000,000.00 02/17/2025 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 02/17/2025 Coupon 34535VAD6 580,000.00 FORDO 2024-D 4.61 08/15/2029 2,228.17 2,228.17 02/17/2025 Coupon 362554AC1 49,312.54 GMCAR 2021-4 A3 0.68 09/16/2026 26.43 26.43 CONFIDENTIAL | 32
City of Vallejo Cons Portfolio | Account #262 | As of December 31, 2024 Execution Time: 01/10/2025 09:19:01 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 02/17/2025 Principal Paydown 362554AC1 49,312.54 GMCAR 2021-4 A3 0.68 09/16/2026 7,629.25 7,629.25 02/17/2025 Coupon 362585AC5 138,162.72 GMCAR 2022-2 A3 3.1 02/16/2027 324.37 324.37 02/17/2025 Principal Paydown 362585AC5 138,162.72 GMCAR 2022-2 A3 3.1 02/16/2027 12,595.97 12,595.97 02/17/2025 Coupon 380146AC4 53,832.09 GMCAR 2022-1 A3 1.26 11/16/2026 48.97 48.97 02/17/2025 Principal Paydown 380146AC4 53,832.09 GMCAR 2022-1 A3 1.26 11/16/2026 7,597.03 7,597.03 02/17/2025 Coupon 43815BAC4 157,708.04 HAROT 2022-1 A3 1.88 05/15/2026 214.05 214.05 02/17/2025 Principal Paydown 43815BAC4 157,708.04 HAROT 2022-1 A3 1.88 05/15/2026 20,701.65 20,701.65 02/17/2025 Coupon 44935FAD6 22,988.68 HART 2021-C A3 0.74 05/15/2026 10.23 10.23 02/17/2025 Principal Paydown 44935FAD6 22,988.68 HART 2021-C A3 0.74 05/15/2026 8,331.75 8,331.75 02/17/2025 Coupon 47787JAC2 89,292.48 JDOT 2022 A3 0.36 09/15/2026 142.11 142.11 02/17/2025 Principal Paydown 47787JAC2 89,292.48 JDOT 2022 A3 0.36 09/15/2026 9,792.38 9,792.38 02/17/2025 Coupon 47789QAC4 49,425.40 JDOT 2021-B A3 0.52 03/16/2026 14.89 14.89 02/17/2025 Principal Paydown 47789QAC4 49,425.40 JDOT 2021-B A3 0.52 03/16/2026 14,522.93 14,522.93 02/17/2025 Coupon 47800AAC4 244,182.53 JDOT 2022-B A3 3.74 02/16/2027 684.34 684.34 02/17/2025 Principal Paydown 47800AAC4 244,182.53 JDOT 2022-B A3 3.74 02/16/2027 20,563.83 20,563.83 02/17/2025 Coupon 58768PAC8 637,960.41 MBART 2022-1 A3 5.21 08/16/2027 2,600.68 2,600.68 02/17/2025 Principal Paydown 58768PAC8 637,960.41 MBART 2022-1 A3 5.21 08/16/2027 41,301.70 41,301.70 02/17/2025 Coupon 89238FAD5 135,495.89 TAOT 2022-B A3 2.93 09/15/2026 295.20 295.20 02/17/2025 Principal Paydown 89238FAD5 135,495.89 TAOT 2022-B A3 2.93 09/15/2026 14,415.58 14,415.58 02/18/2025 Coupon 02582JJT8 840,000.00 AMXCA 2022-2 A 3.39 05/17/2027 2,373.00 2,373.00 02/18/2025 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2026 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 Final Maturity 912797NH6 35,000,000.00 UNITED STATES TREASURY 02/18/2025 35,000,000.00 35,000,000.00 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 02/20/2025 Final Maturity 912797KA4 6,950,000.00 UNITED STATES TREASURY 02/20/2025 6,950,000.00 6,950,000.00 02/21/2025 Coupon 43815GAC3 48,630.49 HAROT 2021-4 A3 0.88 01/21/2026 28.09 28.09 02/21/2025 Principal Paydown 43815GAC3 48,630.49 HAROT 2021-4 A3 0.88 01/21/2026 10,136.87 10,136.87 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 106,519.98 BMWOT 2022-A A3 3.21 08/25/2026 251.57 251.57 02/25/2025 Principal Paydown 05602RAD3 106,519.98 BMWOT 2022-A A3 3.21 08/25/2026 12,563.90 12,563.90 CONFIDENTIAL | 33
City of Vallejo Cons Portfolio | Account #262 | As of December 31, 2024 Execution Time: 01/10/2025 09:19:01 AM 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 91282CFJ5 1,500,000.00 UNITED STATES TREASURY 3.125 08/31/2029 23,437.50 23,437.50 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 62,130,152.85 250,297.02 62,380,449.88
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 03/17/2025 Coupon 02582JJT8 840,000.00 AMXCA 2022-2 A 3.39 05/17/2027 2,373.00 2,373.00 03/17/2025 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2026 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 34535VAD6 580,000.00 FORDO 2024-D 4.61 08/15/2029 2,228.17 2,228.17 03/17/2025 Coupon 362554AC1 49,312.54 GMCAR 2021-4 A3 0.68 09/16/2026 22.11 22.11 03/17/2025 Principal Paydown 362554AC1 49,312.54 GMCAR 2021-4 A3 0.68 09/16/2026 7,429.33 7,429.33 03/17/2025 Coupon 362585AC5 138,162.72 GMCAR 2022-2 A3 3.1 02/16/2027 291.83 291.83 03/17/2025 Principal Paydown 362585AC5 138,162.72 GMCAR 2022-2 A3 3.1 02/16/2027 12,162.21 12,162.21 03/17/2025 Coupon 380146AC4 53,832.09 GMCAR 2022-1 A3 1.26 11/16/2026 41.00 41.00 03/17/2025 Principal Paydown 380146AC4 53,832.09 GMCAR 2022-1 A3 1.26 11/16/2026 7,116.77 7,116.77 03/17/2025 Coupon 43815BAC4 157,708.04 HAROT 2022-1 A3 1.88 05/15/2026 181.62 181.62 03/17/2025 Principal Paydown 43815BAC4 157,708.04 HAROT 2022-1 A3 1.88 05/15/2026 20,066.90 20,066.90 03/17/2025 Coupon 44935FAD6 22,988.68 HART 2021-C A3 0.74 05/15/2026 5.09 5.09 CONFIDENTIAL | 34
City of Vallejo Cons Portfolio | Account #262 | As of December 31, 2024 Execution Time: 01/10/2025 09:19:01 AM 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 44935FAD6 22,988.68 HART 2021-C A3 0.74 05/15/2026 8,064.98 8,064.98 03/17/2025 Coupon 47787JAC2 89,292.48 JDOT 2022 A3 0.36 09/15/2026 123.17 123.17 03/17/2025 Principal Paydown 47787JAC2 89,292.48 JDOT 2022 A3 0.36 09/15/2026 8,000.37 8,000.37 03/17/2025 Coupon 47789QAC4 49,425.40 JDOT 2021-B A3 0.52 03/16/2026 8.60 8.60 03/17/2025 Principal Paydown 47789QAC4 49,425.40 JDOT 2021-B A3 0.52 03/16/2026 12,187.09 12,187.09 03/17/2025 Coupon 47800AAC4 244,182.53 JDOT 2022-B A3 3.74 02/16/2027 620.25 620.25 03/17/2025 Principal Paydown 47800AAC4 244,182.53 JDOT 2022-B A3 3.74 02/16/2027 18,192.06 18,192.06 03/17/2025 Coupon 58768PAC8 637,960.41 MBART 2022-1 A3 5.21 08/16/2027 2,421.36 2,421.36 03/17/2025 Principal Paydown 58768PAC8 637,960.41 MBART 2022-1 A3 5.21 08/16/2027 40,011.13 40,011.13 03/17/2025 Coupon 89238FAD5 135,495.89 TAOT 2022-B A3 2.93 09/15/2026 260.01 260.01 03/17/2025 Principal Paydown 89238FAD5 135,495.89 TAOT 2022-B A3 2.93 09/15/2026 14,026.89 14,026.89 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 48,630.49 HAROT 2021-4 A3 0.88 01/21/2026 20.66 20.66 03/21/2025 Principal Paydown 43815GAC3 48,630.49 HAROT 2021-4 A3 0.88 01/21/2026 9,826.55 9,826.55 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 5,702.87 5,702.87 03/25/2025 Coupon 05602RAD3 106,519.98 BMWOT 2022-A A3 3.21 08/25/2026 217.96 217.96 03/25/2025 Principal Paydown 05602RAD3 106,519.98 BMWOT 2022-A A3 3.21 08/25/2026 12,163.55 12,163.55 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 03/31/2025 Coupon 91282CLN9 1,250,000.00 UNITED STATES TREASURY 3.5 09/30/2029 21,875.00 21,875.00 March 2025 Total 174,950.70 267,643.49 442,594.19
APRIL 2025
04/14/2025 Coupon 023135CF1 750,000.00 AMAZON.COM INC 3.3 04/13/2027 12,375.00 12,375.00 04/15/2025 Coupon 02582JJT8 840,000.00 AMXCA 2022-2 A 3.39 05/17/2027 2,373.00 2,373.00 CONFIDENTIAL | 35
City of Vallejo Cons Portfolio | Account #262 | As of December 31, 2024 Execution Time: 01/10/2025 09:19:01 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 04/15/2025 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2026 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 34535VAD6 580,000.00 FORDO 2024-D 4.61 08/15/2029 2,228.17 2,228.17 04/15/2025 Coupon 43815BAC4 157,708.04 HAROT 2022-1 A3 1.88 05/15/2026 150.18 150.18 04/15/2025 Principal Paydown 43815BAC4 157,708.04 HAROT 2022-1 A3 1.88 05/15/2026 20,332.99 20,332.99 04/15/2025 Coupon 44935FAD6 22,988.68 HART 2021-C A3 0.74 05/15/2026 0.12 0.12 04/15/2025 Effective Maturity 44935FAD6 22,988.68 HART 2021-C A3 0.74 05/15/2026 192.70 192.70 04/15/2025 Coupon 47787JAC2 89,292.48 JDOT 2022 A3 0.36 09/15/2026 107.71 107.71 04/15/2025 Principal Paydown 47787JAC2 89,292.48 JDOT 2022 A3 0.36 09/15/2026 10,173.45 10,173.45 04/15/2025 Coupon 47789QAC4 49,425.40 JDOT 2021-B A3 0.52 03/16/2026 3.32 3.32 04/15/2025 Effective Maturity 47789QAC4 49,425.40 JDOT 2021-B A3 0.52 03/16/2026 7,654.07 7,654.07 04/15/2025 Coupon 47800AAC4 244,182.53 JDOT 2022-B A3 3.74 02/16/2027 563.55 563.55 04/15/2025 Principal Paydown 47800AAC4 244,182.53 JDOT 2022-B A3 3.74 02/16/2027 24,228.87 24,228.87 04/15/2025 Coupon 58768PAC8 637,960.41 MBART 2022-1 A3 5.21 08/16/2027 2,247.65 2,247.65 04/15/2025 Principal Paydown 58768PAC8 637,960.41 MBART 2022-1 A3 5.21 08/16/2027 41,611.88 41,611.88 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 135,495.89 TAOT 2022-B A3 2.93 09/15/2026 225.76 225.76 04/15/2025 Principal Paydown 89238FAD5 135,495.89 TAOT 2022-B A3 2.93 09/15/2026 14,358.81 14,358.81 04/16/2025 Coupon 362554AC1 49,312.54 GMCAR 2021-4 A3 0.68 09/16/2026 17.90 17.90 04/16/2025 Principal Paydown 362554AC1 49,312.54 GMCAR 2021-4 A3 0.68 09/16/2026 7,639.65 7,639.65 04/16/2025 Coupon 362585AC5 138,162.72 GMCAR 2022-2 A3 3.1 02/16/2027 260.42 260.42 04/16/2025 Principal Paydown 362585AC5 138,162.72 GMCAR 2022-2 A3 3.1 02/16/2027 12,701.54 12,701.54 04/16/2025 Coupon 380146AC4 53,832.09 GMCAR 2022-1 A3 1.26 11/16/2026 33.52 33.52 04/16/2025 Principal Paydown 380146AC4 53,832.09 GMCAR 2022-1 A3 1.26 11/16/2026 7,335.89 7,335.89 04/16/2025 Coupon 459058LN1 1,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.875 10/16/2029 19,375.00 19,375.00
04/21/2025 Coupon 43815GAC3 48,630.49 HAROT 2021-4 A3 0.88 01/21/2026 13.45 13.45 04/21/2025 Principal Paydown 43815GAC3 48,630.49 HAROT 2021-4 A3 0.88 01/21/2026 9,890.13 9,890.13 04/21/2025 Coupon 61747YFD2 1,200,000.00 MORGAN STANLEY 5.164 04/20/2029 30,984.00 30,984.00 04/25/2025 Coupon 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 794.50 794.50 04/25/2025 Principal Paydown 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 11,306.07 11,306.07 04/25/2025 Coupon 05602RAD3 106,519.98 BMWOT 2022-A A3 3.21 08/25/2026 185.43 185.43 CONFIDENTIAL | 36
City of Vallejo Cons Portfolio | Account #262 | As of December 31, 2024 Execution Time: 01/10/2025 09:19:01 AM 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 04/25/2025 Principal Paydown 05602RAD3 106,519.98 BMWOT 2022-A A3 3.21 08/25/2026 12,426.86 12,426.86 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 04/30/2025 Coupon 91282CLR0 1,250,000.00 UNITED STATES TREASURY 4.125 10/31/2029 25,781.25 25,781.25 April 2025 Total 179,852.91 259,038.08 438,890.99
MAY 2025
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 3.39 05/17/2027 2,373.00 2,373.00 05/15/2025 Final Maturity 02582JJT8 840,000.00 AMXCA 2022-2 A 3.39 05/17/2027 840,000.00 840,000.00 05/15/2025 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2026 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 34535VAD6 580,000.00 FORDO 2024-D 4.61 08/15/2029 2,228.17 2,228.17 05/15/2025 Coupon 43815BAC4 157,708.04 HAROT 2022-1 A3 1.88 05/15/2026 118.32 118.32 05/15/2025 Principal Paydown 43815BAC4 157,708.04 HAROT 2022-1 A3 1.88 05/15/2026 19,560.48 19,560.48 05/15/2025 Coupon 47787JAC2 89,292.48 JDOT 2022 A3 0.36 09/15/2026 88.04 88.04 05/15/2025 Principal Paydown 47787JAC2 89,292.48 JDOT 2022 A3 0.36 09/15/2026 9,337.65 9,337.65 05/15/2025 Coupon 47800AAC4 244,182.53 JDOT 2022-B A3 3.74 02/16/2027 488.04 488.04 05/15/2025 Principal Paydown 47800AAC4 244,182.53 JDOT 2022-B A3 3.74 02/16/2027 21,387.11 21,387.11 05/15/2025 Coupon 58768PAC8 637,960.41 MBART 2022-1 A3 5.21 08/16/2027 2,066.98 2,066.98 05/15/2025 Principal Paydown 58768PAC8 637,960.41 MBART 2022-1 A3 5.21 08/16/2027 39,892.24 39,892.24 05/15/2025 Coupon 89238FAD5 135,495.89 TAOT 2022-B A3 2.93 09/15/2026 190.70 190.70 05/15/2025 Principal Paydown 89238FAD5 135,495.89 TAOT 2022-B A3 2.93 09/15/2026 13,285.89 13,285.89 05/15/2025 Coupon 9128285M8 1,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 15,625.00 15,625.00 CONFIDENTIAL | 37
City of Vallejo Cons Portfolio | Account #262 | As of December 31, 2024 Execution Time: 01/10/2025 09:19:01 AM 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 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 49,312.54 GMCAR 2021-4 A3 0.68 09/16/2026 13.57 13.57 05/16/2025 Principal Paydown 362554AC1 49,312.54 GMCAR 2021-4 A3 0.68 09/16/2026 7,388.44 7,388.44 05/16/2025 Coupon 362585AC5 138,162.72 GMCAR 2022-2 A3 3.1 02/16/2027 227.60 227.60 05/16/2025 Principal Paydown 362585AC5 138,162.72 GMCAR 2022-2 A3 3.1 02/16/2027 12,168.16 12,168.16 05/16/2025 Coupon 380146AC4 53,832.09 GMCAR 2022-1 A3 1.26 11/16/2026 25.82 25.82 05/16/2025 Principal Paydown 380146AC4 53,832.09 GMCAR 2022-1 A3 1.26 11/16/2026 7,030.47 7,030.47 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 48,630.49 HAROT 2021-4 A3 0.88 01/21/2026 6.20 6.20 05/21/2025 Effective Maturity 43815GAC3 48,630.49 HAROT 2021-4 A3 0.88 01/21/2026 8,450.64 8,450.64 05/26/2025 Coupon 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 742.97 742.97 05/26/2025 Principal Paydown 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 10,772.49 10,772.49 05/26/2025 Coupon 05602RAD3 106,519.98 BMWOT 2022-A A3 3.21 08/25/2026 152.18 152.18 05/26/2025 Principal Paydown 05602RAD3 106,519.98 BMWOT 2022-A A3 3.21 08/25/2026 11,933.32 11,933.32 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 1,001,206.90 91,973.50 1,093,180.40
JUNE 2025
06/02/2025 Coupon 91282CAZ4 1,200,000.00 UNITED STATES TREASURY 0.375 11/30/2025 2,250.00 2,250.00 06/02/2025 Coupon 91282CJN2 1,500,000.00 UNITED STATES TREASURY 4.375 11/30/2028 32,812.50 32,812.50 06/02/2025 Coupon 91282CKT7 1,250,000.00 UNITED STATES TREASURY 4.5 05/31/2029 28,125.00 28,125.00 06/02/2025 Coupon 91282CMA6 1,200,000.00 UNITED STATES TREASURY 4.125 11/30/2029 24,750.00 24,750.00 06/09/2025 Coupon 3130AWMN7 1,000,000.00 FEDERAL HOME LOAN BANKS 4.375 06/09/2028 21,875.00 21,875.00
06/12/2025 Coupon 3130ATUC9 1,800,000.00 FEDERAL HOME LOAN BANKS 4.5 12/12/2025 40,500.00 40,500.00 06/12/2025 Coupon 91159HJM3 1,100,000.00 US BANCORP 5.775 06/12/2029 31,762.50 31,762.50 06/16/2025 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,521.88 1,521.88 06/16/2025 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 06/16/2025 Coupon 3133EPN50 1,000,000.00 FEDERAL FARM CREDIT BANKS FUNDING CORP

4.25 12/15/2028 21,250.00 21,250.00
06/16/2025 Coupon 34535VAD6 580,000.00 FORDO 2024-D 4.61 08/15/2029 2,228.17 2,228.17 CONFIDENTIAL | 38
City of Vallejo Cons Portfolio | Account #262 | As of December 31, 2024 Execution Time: 01/10/2025 09:19:01 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/16/2025 Coupon 362554AC1 49,312.54 GMCAR 2021-4 A3 0.68 09/16/2026 9.38 9.38 06/16/2025 Principal Paydown 362554AC1 49,312.54 GMCAR 2021-4 A3 0.68 09/16/2026 7,066.33 7,066.33 06/16/2025 Coupon 362585AC5 138,162.72 GMCAR 2022-2 A3 3.1 02/16/2027 196.17 196.17 06/16/2025 Principal Paydown 362585AC5 138,162.72 GMCAR 2022-2 A3 3.1 02/16/2027 11,558.67 11,558.67 06/16/2025 Coupon 380146AC4 53,832.09 GMCAR 2022-1 A3 1.26 11/16/2026 18.44 18.44 06/16/2025 Principal Paydown 380146AC4 53,832.09 GMCAR 2022-1 A3 1.26 11/16/2026 6,886.53 6,886.53 06/16/2025 Coupon 43815BAC4 157,708.04 HAROT 2022-1 A3 1.88 05/15/2026 87.68 87.68 06/16/2025 Principal Paydown 43815BAC4 157,708.04 HAROT 2022-1 A3 1.88 05/15/2026 19,080.81 19,080.81 06/16/2025 Coupon 47787JAC2 89,292.48 JDOT 2022 A3 0.36 09/15/2026 69.98 69.98 06/16/2025 Principal Paydown 47787JAC2 89,292.48 JDOT 2022 A3 0.36 09/15/2026 7,555.73 7,555.73 06/16/2025 Coupon 47800AAC4 244,182.53 JDOT 2022-B A3 3.74 02/16/2027 421.38 421.38 06/16/2025 Principal Paydown 47800AAC4 244,182.53 JDOT 2022-B A3 3.74 02/16/2027 13,543.29 13,543.29 06/16/2025 Coupon 58768PAC8 637,960.41 MBART 2022-1 A3 5.21 08/16/2027 1,893.78 1,893.78 06/16/2025 Principal Paydown 58768PAC8 637,960.41 MBART 2022-1 A3 5.21 08/16/2027 35,358.96 35,358.96 06/16/2025 Coupon 89238FAD5 135,495.89 TAOT 2022-B A3 2.93 09/15/2026 158.26 158.26 06/16/2025 Principal Paydown 89238FAD5 135,495.89 TAOT 2022-B A3 2.93 09/15/2026 12,777.71 12,777.71 06/17/2025 Coupon 3135G04Z3 1,020,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.5 06/17/2025 2,550.00 2,550.00
06/17/2025 Final Maturity 3135G04Z3 1,020,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.5 06/17/2025 1,020,000.00 1,020,000.00
06/18/2025 Coupon 89236TJK2 810,000.00 TOYOTA MOTOR CREDIT CORP 1.125 06/18/2026 4,556.25 4,556.25
06/20/2025 Coupon 06051GJD2 500,000.00 BANK OF AMERICA CORP 1.319 06/19/2026 3,297.50 3,297.50 06/20/2025 Effective Maturity 06051GJD2 500,000.00 BANK OF AMERICA CORP 1.319 06/19/2026 500,000.00 500,000.00 06/25/2025 Coupon 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 693.86 693.86 06/25/2025 Principal Paydown 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 10,579.50 10,579.50 06/25/2025 Coupon 05602RAD3 106,519.98 BMWOT 2022-A A3 3.21 08/25/2026 120.26 120.26 06/25/2025 Principal Paydown 05602RAD3 106,519.98 BMWOT 2022-A A3 3.21 08/25/2026 11,237.87 11,237.87 06/25/2025 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 06/25/2025 Coupon 437076DC3 1,075,000.00 HOME DEPOT INC 4.75 06/25/2029 25,531.25 25,531.25 06/30/2025 Coupon 91282CBC4 1,750,000.00 UNITED STATES TREASURY 0.375 12/31/2025 3,281.25 3,281.25 06/30/2025 Coupon 91282CEW7 1,400,000.00 UNITED STATES TREASURY 3.25 06/30/2027 22,750.00 22,750.00 CONFIDENTIAL | 39
City of Vallejo Cons Portfolio | Account #262 | As of December 31, 2024 Execution Time: 01/10/2025 09:19:01 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 06/30/2025 Coupon 91282CGC9 1,250,000.00 UNITED STATES TREASURY 3.875 12/31/2027 24,218.75 24,218.75 06/30/2025 Coupon 91282CJR3 1,200,000.00 UNITED STATES TREASURY 3.75 12/31/2028 22,500.00 22,500.00 06/30/2025 Coupon 91282CKX8 1,850,000.00 UNITED STATES TREASURY 4.25 06/30/2029 39,312.50 39,312.50 06/30/2025 Coupon 91282CMD0 1,000,000.00 UNITED STATES TREASURY 4.375 12/31/2029 21,875.00 21,875.00 June 2025 Total 1,655,645.41 390,825.54 2,046,470.94
JULY 2025
07/07/2025 Coupon 02665WEM9 1,200,000.00 AMERICAN HONDA FINANCE CORP 5.125 07/07/2028 30,750.00 30,750.00
07/10/2025 Coupon 89115A2M3 1,100,000.00 TORONTO-DOMINION BANK 5.156 01/10/2028 28,358.00 28,358.00 07/14/2025 Coupon 45950KDD9 520,000.00 INTERNATIONAL FINANCE CORP 4.5 07/13/2028 11,700.00 11,700.00
07/15/2025 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,521.88 1,521.88 07/15/2025 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 07/15/2025 Coupon 34535VAD6 580,000.00 FORDO 2024-D 4.61 08/15/2029 2,228.17 2,228.17 07/15/2025 Coupon 43815BAC4 157,708.04 HAROT 2022-1 A3 1.88 05/15/2026 57.79 57.79 07/15/2025 Principal Paydown 43815BAC4 157,708.04 HAROT 2022-1 A3 1.88 05/15/2026 18,583.66 18,583.66 07/15/2025 Coupon 47787JAC2 89,292.48 JDOT 2022 A3 0.36 09/15/2026 55.38 55.38 07/15/2025 Principal Paydown 47787JAC2 89,292.48 JDOT 2022 A3 0.36 09/15/2026 8,950.04 8,950.04 07/15/2025 Coupon 47800AAC4 244,182.53 JDOT 2022-B A3 3.74 02/16/2027 379.17 379.17 07/15/2025 Principal Paydown 47800AAC4 244,182.53 JDOT 2022-B A3 3.74 02/16/2027 11,471.30 11,471.30 07/15/2025 Coupon 58768PAC8 637,960.41 MBART 2022-1 A3 5.21 08/16/2027 1,740.27 1,740.27 07/15/2025 Principal Paydown 58768PAC8 637,960.41 MBART 2022-1 A3 5.21 08/16/2027 34,382.96 34,382.96 07/15/2025 Coupon 756109AU8 1,000,000.00 REALTY INCOME CORP 3.65 01/15/2028 18,250.00 18,250.00 07/15/2025 Coupon 87612EBM7 545,000.00 TARGET CORP 1.95 01/15/2027 5,313.75 5,313.75 07/15/2025 Coupon 89238FAD5 135,495.89 TAOT 2022-B A3 2.93 09/15/2026 127.06 127.06 07/15/2025 Principal Paydown 89238FAD5 135,495.89 TAOT 2022-B A3 2.93 09/15/2026 12,528.36 12,528.36 07/16/2025 Coupon 24422EXH7 1,200,000.00 JOHN DEERE CAPITAL CORP 4.5 01/16/2029 27,000.00 27,000.00 07/16/2025 Coupon 362554AC1 49,312.54 GMCAR 2021-4 A3 0.68 09/16/2026 5.38 5.38 07/16/2025 Principal Paydown 362554AC1 49,312.54 GMCAR 2021-4 A3 0.68 09/16/2026 6,788.61 6,788.61 07/16/2025 Coupon 362585AC5 138,162.72 GMCAR 2022-2 A3 3.1 02/16/2027 166.31 166.31 07/16/2025 Principal Paydown 362585AC5 138,162.72 GMCAR 2022-2 A3 3.1 02/16/2027 11,054.58 11,054.58 07/16/2025 Coupon 380146AC4 53,832.09 GMCAR 2022-1 A3 1.26 11/16/2026 11.21 11.21 CONFIDENTIAL | 40
City of Vallejo Cons Portfolio | Account #262 | As of December 31, 2024 Execution Time: 01/10/2025 09:19:01 AM 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 07/16/2025 Principal Paydown 380146AC4 53,832.09 GMCAR 2022-1 A3 1.26 11/16/2026 6,733.46 6,733.46 07/21/2025 Coupon 06051GGF0 1,000,000.00 BANK OF AMERICA CORP 3.824 01/20/2028 19,120.00 19,120.00 07/21/2025 Coupon 3137EAEU9 1,075,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.375 07/21/2025 2,015.63 2,015.63
07/21/2025 Final Maturity 3137EAEU9 1,075,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.375 07/21/2025 1,075,000.00 1,075,000.00
07/23/2025 Coupon 46647PAV8 1,300,000.00 JPMORGAN CHASE & CO 4.203 07/23/2029 27,319.50 27,319.50 07/25/2025 Coupon 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 645.64 645.64 07/25/2025 Principal Paydown 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 10,356.47 10,356.47 07/25/2025 Coupon 05602RAD3 106,519.98 BMWOT 2022-A A3 3.21 08/25/2026 90.20 90.20 07/25/2025 Principal Paydown 05602RAD3 106,519.98 BMWOT 2022-A A3 3.21 08/25/2026 10,748.07 10,748.07 07/25/2025 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 07/31/2025 Coupon 69371RS80 1,200,000.00 PACCAR FINANCIAL CORP 4.6 01/31/2029 27,600.00 27,600.00 07/31/2025 Coupon 912828Z78 500,000.00 UNITED STATES TREASURY 1.5 01/31/2027 3,750.00 3,750.00 07/31/2025 Coupon 91282CCP4 1,000,000.00 UNITED STATES TREASURY 0.625 07/31/2026 3,125.00 3,125.00 07/31/2025 Coupon 91282CHQ7 1,000,000.00 UNITED STATES TREASURY 4.125 07/31/2028 20,625.00 20,625.00 07/31/2025 Coupon 91282CJW2 1,500,000.00 UNITED STATES TREASURY 4.0 01/31/2029 30,000.00 30,000.00 07/31/2025 Coupon 91282CLC3 1,750,000.00 UNITED STATES TREASURY 4.0 07/31/2029 35,000.00 35,000.00 July 2025 Total 1,206,597.53 307,164.10 1,513,761.63
AUGUST 2025
08/01/2025 Coupon 78016HZS2 1,000,000.00 ROYAL BANK OF CANADA 5.2 08/01/2028 26,000.00 26,000.00 08/07/2025 Coupon 06406RAB3 1,000,000.00 BANK OF NEW YORK MELLON CORP 3.442 02/07/2028 17,210.00 17,210.00
08/12/2025 Coupon 14913R3A3 700,000.00 CATERPILLAR FINANCIAL SERVICES CORP 3.6 08/12/2027 12,600.00 12,600.00
08/15/2025 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,521.88 1,521.88 08/15/2025 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 08/15/2025 Coupon 34535VAD6 580,000.00 FORDO 2024-D 4.61 08/15/2029 2,228.17 2,228.17 08/15/2025 Coupon 43815BAC4 157,708.04 HAROT 2022-1 A3 1.88 05/15/2026 28.67 28.67 08/15/2025 Principal Paydown 43815BAC4 157,708.04 HAROT 2022-1 A3 1.88 05/15/2026 18,016.53 18,016.53 08/15/2025 Coupon 4581X0EN4 1,250,000.00 INTER-AMERICAN DEVELOPMENT BANK 4.125 02/15/2029 25,781.25 25,781.25
08/15/2025 Coupon 47787JAC2 89,292.48 JDOT 2022 A3 0.36 09/15/2026 38.07 38.07 CONFIDENTIAL | 41
City of Vallejo Cons Portfolio | Account #262 | As of December 31, 2024 Execution Time: 01/10/2025 09:19:01 AM Chandler Asset Management | [email protected] | www.chandlerasset.com | 800.317.4747

CASH FLOW REPORT
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount 08/15/2025 Principal Paydown 47787JAC2 89,292.48 JDOT 2022 A3 0.36 09/15/2026 8,109.35 8,109.35 08/15/2025 Coupon 47800AAC4 244,182.53 JDOT 2022-B A3 3.74 02/16/2027 343.42 343.42 08/15/2025 Principal Paydown 47800AAC4 244,182.53 JDOT 2022-B A3 3.74 02/16/2027 10,764.56 10,764.56 08/15/2025 Coupon 58768PAC8 637,960.41 MBART 2022-1 A3 5.21 08/16/2027 1,590.99 1,590.99 08/15/2025 Principal Paydown 58768PAC8 637,960.41 MBART 2022-1 A3 5.21 08/16/2027 33,412.00 33,412.00 08/15/2025 Coupon 89238FAD5 135,495.89 TAOT 2022-B A3 2.93 09/15/2026 96.47 96.47 08/15/2025 Principal Paydown 89238FAD5 135,495.89 TAOT 2022-B A3 2.93 09/15/2026 12,212.88 12,212.88 08/15/2025 Coupon 9128283W8 1,250,000.00 UNITED STATES TREASURY 2.75 02/15/2028 17,187.50 17,187.50 08/15/2025 Coupon 912828V98 1,250,000.00 UNITED STATES TREASURY 2.25 02/15/2027 14,062.50 14,062.50 08/18/2025 Coupon 362554AC1 49,312.54 GMCAR 2021-4 A3 0.68 09/16/2026 1.53 1.53 08/18/2025 Effective Maturity 362554AC1 49,312.54 GMCAR 2021-4 A3 0.68 09/16/2026 2,705.58 2,705.58 08/18/2025 Coupon 362585AC5 138,162.72 GMCAR 2022-2 A3 3.1 02/16/2027 137.75 137.75 08/18/2025 Principal Paydown 362585AC5 138,162.72 GMCAR 2022-2 A3 3.1 02/16/2027 10,700.17 10,700.17 08/18/2025 Coupon 380146AC4 53,832.09 GMCAR 2022-1 A3 1.26 11/16/2026 4.14 4.14 08/18/2025 Effective Maturity 380146AC4 53,832.09 GMCAR 2022-1 A3 1.26 11/16/2026 3,940.75 3,940.75 08/25/2025 Coupon 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 598.43 598.43 08/25/2025 Principal Paydown 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 9,544.73 9,544.73 08/25/2025 Coupon 05602RAD3 106,519.98 BMWOT 2022-A A3 3.21 08/25/2026 61.45 61.45 08/25/2025 Principal Paydown 05602RAD3 106,519.98 BMWOT 2022-A A3 3.21 08/25/2026 10,408.28 10,408.28 08/25/2025 Coupon 3135G05X7 1,700,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.375 08/25/2025 3,187.50 3,187.50
08/25/2025 Final Maturity 3135G05X7 1,700,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.375 08/25/2025 1,700,000.00 1,700,000.00
08/25/2025 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 08/27/2025 Coupon 14913UAJ9 450,000.00 CATERPILLAR FINANCIAL SERVICES CORP 4.85 02/27/2029 10,912.50 10,912.50
August 2025 Total 1,819,814.83 143,801.00 1,963,615.83
SEPTEMBER 2025
09/02/2025 Coupon 91282CCW9 2,250,000.00 UNITED STATES TREASURY 0.75 08/31/2026 8,437.50 8,437.50 09/02/2025 Coupon 91282CFH9 1,000,000.00 UNITED STATES TREASURY 3.125 08/31/2027 15,625.00 15,625.00 09/02/2025 Coupon 91282CFJ5 1,500,000.00 UNITED STATES TREASURY 3.125 08/31/2029 23,437.50 23,437.50 09/02/2025 Coupon 91282CHX2 1,500,000.00 UNITED STATES TREASURY 4.375 08/31/2028 32,812.50 32,812.50 CONFIDENTIAL | 42
City of Vallejo Cons Portfolio | Account #262 | As of December 31, 2024 Execution Time: 01/10/2025 09:19:01 AM 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 09/02/2025 Coupon 91282CKD2 1,000,000.00 UNITED STATES TREASURY 4.25 02/28/2029 21,250.00 21,250.00 09/03/2025 Coupon 808513BY0 1,000,000.00 CHARLES SCHWAB CORP 2.45 03/03/2027 12,250.00 12,250.00 09/08/2025 Coupon 3130AWTR1 1,000,000.00 FEDERAL HOME LOAN BANKS 4.375 09/08/2028 21,875.00 21,875.00
09/09/2025 Coupon 3130AVBD3 1,000,000.00 FEDERAL HOME LOAN BANKS 4.5 03/09/2029 22,500.00 22,500.00 09/09/2025 Coupon 931142EX7 500,000.00 WALMART INC 3.95 09/09/2027 9,875.00 9,875.00 09/15/2025 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,521.88 1,521.88 09/15/2025 Coupon 084664CZ2 1,095,000.00 BERKSHIRE HATHAWAY FINANCE CORP 2.3 03/15/2027 12,592.50 12,592.50
09/15/2025 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 09/15/2025 Coupon 34535VAD6 580,000.00 FORDO 2024-D 4.61 08/15/2029 2,228.17 2,228.17 09/15/2025 Coupon 43815BAC4 157,708.04 HAROT 2022-1 A3 1.88 05/15/2026 0.45 0.45 09/15/2025 Effective Maturity 43815BAC4 157,708.04 HAROT 2022-1 A3 1.88 05/15/2026 284.41 284.41 09/15/2025 Coupon 47787JAC2 89,292.48 JDOT 2022 A3 0.36 09/15/2026 22.40 22.40 09/15/2025 Principal Paydown 47787JAC2 89,292.48 JDOT 2022 A3 0.36 09/15/2026 7,899.13 7,899.13 09/15/2025 Coupon 47800AAC4 244,182.53 JDOT 2022-B A3 3.74 02/16/2027 309.87 309.87 09/15/2025 Principal Paydown 47800AAC4 244,182.53 JDOT 2022-B A3 3.74 02/16/2027 11,212.36 11,212.36 09/15/2025 Coupon 58768PAC8 637,960.41 MBART 2022-1 A3 5.21 08/16/2027 1,445.92 1,445.92 09/15/2025 Principal Paydown 58768PAC8 637,960.41 MBART 2022-1 A3 5.21 08/16/2027 32,761.78 32,761.78 09/15/2025 Coupon 89238FAD5 135,495.89 TAOT 2022-B A3 2.93 09/15/2026 66.65 66.65 09/15/2025 Principal Paydown 89238FAD5 135,495.89 TAOT 2022-B A3 2.93 09/15/2026 11,972.97 11,972.97 09/16/2025 Coupon 362585AC5 138,162.72 GMCAR 2022-2 A3 3.1 02/16/2027 110.11 110.11 09/16/2025 Principal Paydown 362585AC5 138,162.72 GMCAR 2022-2 A3 3.1 02/16/2027 10,449.73 10,449.73 09/17/2025 Coupon 931142ER0 240,000.00 WALMART INC 1.05 09/17/2026 1,260.00 1,260.00 09/23/2025 Coupon 3137EAEX3 1,560,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.375 09/23/2025 2,925.00 2,925.00
09/23/2025 Final Maturity 3137EAEX3 1,560,000.00 FEDERAL HOME LOAN MORTGAGE CORP 0.375 09/23/2025 1,560,000.00 1,560,000.00
09/25/2025 Coupon 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 554.92 554.92 09/25/2025 Principal Paydown 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 9,272.62 9,272.62 09/25/2025 Coupon 05602RAD3 106,519.98 BMWOT 2022-A A3 3.21 08/25/2026 33.61 33.61 09/25/2025 Principal Paydown 05602RAD3 106,519.98 BMWOT 2022-A A3 3.21 08/25/2026 8,752.25 8,752.25 CONFIDENTIAL | 43
City of Vallejo Cons Portfolio | Account #262 | As of December 31, 2024 Execution Time: 01/10/2025 09:19:01 AM 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 09/25/2025 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 09/30/2025 Coupon 91282CBT7 1,500,000.00 UNITED STATES TREASURY 0.75 03/31/2026 5,625.00 5,625.00 09/30/2025 Coupon 91282CEF4 1,250,000.00 UNITED STATES TREASURY 2.5 03/31/2027 15,625.00 15,625.00 09/30/2025 Coupon 91282CFM8 1,000,000.00 UNITED STATES TREASURY 4.125 09/30/2027 20,625.00 20,625.00 09/30/2025 Coupon 91282CGT2 1,750,000.00 UNITED STATES TREASURY 3.625 03/31/2028 31,718.75 31,718.75 09/30/2025 Coupon 91282CJA0 1,850,000.00 UNITED STATES TREASURY 4.625 09/30/2028 42,781.25 42,781.25 09/30/2025 Coupon 91282CKG5 1,200,000.00 UNITED STATES TREASURY 4.125 03/31/2029 24,750.00 24,750.00 09/30/2025 Coupon 91282CLN9 1,250,000.00 UNITED STATES TREASURY 3.5 09/30/2029 21,875.00 21,875.00 September 2025
Total 1,652,605.26 364,342.75 2,016,948.01
OCTOBER 2025
10/14/2025 Coupon 023135CF1 750,000.00 AMAZON.COM INC 3.3 04/13/2027 12,375.00 12,375.00 10/15/2025 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,521.88 1,521.88 10/15/2025 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 10/15/2025 Coupon 34535VAD6 580,000.00 FORDO 2024-D 4.61 08/15/2029 2,228.17 2,228.17 10/15/2025 Coupon 47787JAC2 89,292.48 JDOT 2022 A3 0.36 09/15/2026 7.12 7.12 10/15/2025 Effective Maturity 47787JAC2 89,292.48 JDOT 2022 A3 0.36 09/15/2026 3,684.56 3,684.56 10/15/2025 Coupon 47800AAC4 244,182.53 JDOT 2022-B A3 3.74 02/16/2027 274.92 274.92 10/15/2025 Principal Paydown 47800AAC4 244,182.53 JDOT 2022-B A3 3.74 02/16/2027 13,123.85 13,123.85 10/15/2025 Coupon 58768PAC8 637,960.41 MBART 2022-1 A3 5.21 08/16/2027 1,303.68 1,303.68 10/15/2025 Principal Paydown 58768PAC8 637,960.41 MBART 2022-1 A3 5.21 08/16/2027 31,558.51 31,558.51 10/15/2025 Coupon 74340XBN0 1,000,000.00 PROLOGIS LP 2.125 04/15/2027 10,625.00 10,625.00 10/15/2025 Coupon 89238FAD5 135,495.89 TAOT 2022-B A3 2.93 09/15/2026 37.41 37.41 10/15/2025 Principal Paydown 89238FAD5 135,495.89 TAOT 2022-B A3 2.93 09/15/2026 11,616.39 11,616.39 10/16/2025 Coupon 362585AC5 138,162.72 GMCAR 2022-2 A3 3.1 02/16/2027 83.11 83.11 10/16/2025 Principal Paydown 362585AC5 138,162.72 GMCAR 2022-2 A3 3.1 02/16/2027 10,022.39 10,022.39 10/16/2025 Coupon 459058LN1 1,000,000.00 INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPM 3.875 10/16/2029 19,375.00 19,375.00
10/20/2025 Coupon 61747YFD2 1,200,000.00 MORGAN STANLEY 5.164 04/20/2029 30,984.00 30,984.00 10/27/2025 Coupon 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 512.65 512.65 10/27/2025 Principal Paydown 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 8,915.66 8,915.66 10/27/2025 Coupon 05602RAD3 106,519.98 BMWOT 2022-A A3 3.21 08/25/2026 10.20 10.20 CONFIDENTIAL | 44
City of Vallejo Cons Portfolio | Account #262 | As of December 31, 2024 Execution Time: 01/10/2025 09:19:01 AM 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 10/27/2025 Effective Maturity 05602RAD3 106,519.98 BMWOT 2022-A A3 3.21 08/25/2026 3,811.66 3,811.66 10/27/2025 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 10/31/2025 Coupon 91282CBW0 1,000,000.00 UNITED STATES TREASURY 0.75 04/30/2026 3,750.00 3,750.00 10/31/2025 Coupon 91282CDG3 3,000,000.00 UNITED STATES TREASURY 1.125 10/31/2026 16,875.00 16,875.00 10/31/2025 Coupon 91282CEN7 2,500,000.00 UNITED STATES TREASURY 2.75 04/30/2027 34,375.00 34,375.00 10/31/2025 Coupon 91282CFU0 1,100,000.00 UNITED STATES TREASURY 4.125 10/31/2027 22,687.50 22,687.50 10/31/2025 Coupon 91282CHA2 2,180,000.00 UNITED STATES TREASURY 3.5 04/30/2028 38,150.00 38,150.00 10/31/2025 Coupon 91282CKP5 1,000,000.00 UNITED STATES TREASURY 4.625 04/30/2029 23,125.00 23,125.00 10/31/2025 Coupon 91282CLR0 1,250,000.00 UNITED STATES TREASURY 4.125 10/31/2029 25,781.25 25,781.25 October 2025
Total 82,733.01 254,290.69 337,023.70
NOVEMBER 2025
11/03/2025 Coupon 74456QBU9 1,250,000.00 PUBLIC SERVICE ELECTRIC AND GAS CO 3.7 05/01/2028 23,125.00 23,125.00
11/07/2025 Coupon 3135G06G3 1,680,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.5 11/07/2025 4,200.00 4,200.00
11/07/2025 Final Maturity 3135G06G3 1,680,000.00 FEDERAL NATIONAL MORTGAGE ASSOCIATION

0.5 11/07/2025 1,680,000.00 1,680,000.00
11/10/2025 Coupon 037833ET3 205,000.00 APPLE INC 4.0 05/10/2028 4,100.00 4,100.00 11/17/2025 Coupon 02582JJZ4 375,000.00 AMXCA 2023-1 A 4.87 05/15/2026 1,521.88 1,521.88 11/17/2025 Coupon 161571HT4 1,005,000.00 CHAIT 2023-1 A 5.16 09/15/2028 4,321.50 4,321.50 11/17/2025 Coupon 34535VAD6 580,000.00 FORDO 2024-D 4.61 08/15/2029 2,228.17 2,228.17 11/17/2025 Coupon 362585AC5 138,162.72 GMCAR 2022-2 A3 3.1 02/16/2027 57.22 57.22 11/17/2025 Principal Paydown 362585AC5 138,162.72 GMCAR 2022-2 A3 3.1 02/16/2027 9,442.93 9,442.93 11/17/2025 Coupon 47800AAC4 244,182.53 JDOT 2022-B A3 3.74 02/16/2027 234.02 234.02 11/17/2025 Principal Paydown 47800AAC4 244,182.53 JDOT 2022-B A3 3.74 02/16/2027 13,975.43 13,975.43 11/17/2025 Coupon 58768PAC8 637,960.41 MBART 2022-1 A3 5.21 08/16/2027 1,166.67 1,166.67 11/17/2025 Principal Paydown 58768PAC8 637,960.41 MBART 2022-1 A3 5.21 08/16/2027 30,881.05 30,881.05 11/17/2025 Coupon 89236TMF9 500,000.00 TOYOTA MOTOR CREDIT CORP 5.05 05/16/2029 12,625.00 12,625.00 11/17/2025 Coupon 89238FAD5 135,495.89 TAOT 2022-B A3 2.93 09/15/2026 9.05 9.05 11/17/2025 Effective Maturity 89238FAD5 135,495.89 TAOT 2022-B A3 2.93 09/15/2026 3,707.03 3,707.03 11/17/2025 Coupon 9128285M8 1,000,000.00 UNITED STATES TREASURY 3.125 11/15/2028 15,625.00 15,625.00 CONFIDENTIAL | 45
City of Vallejo Cons Portfolio | Account #262 | As of December 31, 2024 Execution Time: 01/10/2025 09:19:01 AM 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 11/17/2025 Coupon 91324PEC2 1,245,000.00 UNITEDHEALTH GROUP INC 1.15 05/15/2026 7,158.75 7,158.75 11/17/2025 Coupon 927804GH1 250,000.00 VIRGINIA ELECTRIC AND POWER CO 3.75 05/15/2027 4,687.50 4,687.50
11/25/2025 Coupon 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 472.01 472.01 11/25/2025 Principal Paydown 05592XAD2 180,000.00 BMWOT 2023-A A3 5.47 02/25/2028 8,192.13 8,192.13 11/25/2025 Coupon 3137FG6X8 1,835,000.00 FHMS K-077 A2 3.85 05/25/2028 5,887.29 5,887.29 November 2025
Total 1,746,198.58 87,419.06 1,833,617.63
Grand Total 390,242,560.21 92,559,546.20 2,728,970.57 95,288,516.78 CONFIDENTIAL | 46
City of Vallejo Cons Portfolio | Account #262 | As of December 31, 2024 Execution Time: 01/10/2025 09:19:01 AM 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 | Council Report | As of December 31, 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

ECONOMIC UPDATE

ACCOUNT PROFILE
1 ECONOMIC UPDATE
2 ▪
▪
▪
Recent economic data suggests continued growth fueled by a resilient consumer. Inflationary trends have subsided, but some components remain sticky, and core levels remain above the Fed’s target. The labor market reflects improved balance between supply and demand for workers. While job creation has been robust, continuing jobless claims remain elevated. Given the economic outlook, we expect gradual normalization of monetary policy and a steepening yield curve.

As broadly anticipated, the Federal Open Market Committee (FOMC) reduced the Fed Funds Rate by 25 basis points to the range of 4.25-

4.50% at the December meeting. Although the cut was widely anticipated, market participants viewed the trajectory of rates in the SEP as ‘hawkish.’ Chair Jerome Powell reiterated previous statements indicating the economy is in a good place and that monetary policy is well positioned. The Fed released the quarterly Summary of Economic Projections (SEP), which now forecasts a higher central tendency of core inflation and a higher longer run Fed Funds forecast. In the Chandler team’s view, the updated SEP reflects the continued resiliency of the US economy and the corresponding risk of inflation taking longer to reach the FOMC’s two percent objective in 2025.

US Treasury yields shifted higher in December and the curve steepened. The 2-year Treasury yield increased 9 basis points to 4.24%, the 5- year Treasury rose 33 basis points to 4.38%, and the 10-year Treasury yield surged 40 basis points to 4.57%. The spread between the 2-year and 10-year Treasury yield points on the curve increased to +33 basis points at December month-end versus +2 basis points at November month-end. The spread between the 2-year Treasury and 10-year Treasury yield one year ago was -37 basis points. The spread between the 3-month and 10-year Treasury yield points on the curve increased to +25 basis points in December from -32 basis points in November.

ECONOMIC UPDATE
3 -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 256,000 jobs in December, far exceeding consensus expectations. Gains were led by health care, retail, and leisure sectors, while manufacturing shed jobs. The three-month moving average and six-month moving average payrolls totaled 170,000 and 165,000 respectively. The unemployment rate declined to 4.1% in December, and the labor participation rate was unchanged at

62.5%, 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 fell to 7.5%. Average hourly earnings moderated to an increase of 3.9% year-over-year in December.

Source: US Department of Labor Source: US Department of Labor

EMPLOYMENT
4 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) rose to 8.098 million new job openings in November, which represented an increase from the upwardly revised 7.839 million job openings in October. Job openings indicate a ratio of 1.1 jobs for each unemployed individual, representing a relatively balanced labor market.

Source: US Department of Labor

JOB OPENINGS & LABOR TURNOVER SURVEY
5 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 November, the Consumer Price Index (CPI) rose 0.3% month-over-month and 2.7% year-over-year, rising from 2.6% in October as expected. The Core CPI, which excludes volatile food and energy components, rose 0.3% month-over-month and 3.3% year-over-year, also meeting consensus forecasts. The Personal Consumption Expenditures (PCE) Index rose 0.1% from the previous month and 2.4% year-over- year in November versus a 2.3% increase in October. The Core PCE deflator (the Fed’s preferred gauge) increased 0.1% month-over- month, below recent small month-over-month rises and 2.8% over the past year. Core prices are exhibiting what Fed Chair Powell describes as “sideways” movement. Although inflation has moderated, price increases remain above the Fed’s 2% target.

Source: US Department of Labor Source: US Department of Commerce

INFLATION
6 -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 grew marginally above expectations at 0.7% in November versus 0.5% in October driven by strong motor vehicle sales. On a year-over-year basis, Retail Sales grew 3.8% in November versus 2.9% in October. Retail Sales Control Group, which are used to calculate gross domestic product, was also solid at 0.4% for the month. The Conference Board’s Consumer Confidence Index declined to 104.7 in December from an upwardly revised 112.8 in November. Consumers' assessment about future business conditions and outcomes were substantially less optimistic and there was increased pessimism about future employment prospects. While the consumer has been resilient, low savings rates, growing credit card debt, higher delinquencies, and a moderating labor market pose potential risks to future spending.
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)

CONSUMER
7 -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) increased 0.3% in November reversing its -0.4% decline in October due to a rebound in building permits, continued support from equities, improvement in average hours worked in manufacturing, and fewer initial unemployment claims. The LEI decreased year-over-yearby -3.5%. According to the Conference Board, the rise in LEI is a positive sign for future activity in the US and is consistent with an expectation for moderate growthat the end of 2024 and into early 2025. The Chicago Fed National Activity Index (CFNAI) improvedto -0.12 in November from -0.50in October. The three-month moving average fell to -0.31 in November from -0.27 in October, indicating below-trend growth expectations for the economy.

Source: The Conference Board Source: Federal Reserve Bank of Chicago

LEADING INDICATORS OF ECONOMIC ACTIVITY
8 0
200
400
600
800
1,000
1,200
1,400
1,600
1,800
2,000
2,200
2,400In Thousands of Units
Annualized Housing Starts
Multi Family Housing Starts
Single Family Housing Starts
Housing starts in November declined 1.8% to 1.29 million units from 1.31 million units in October. Total starts are down 14.6% compared to November2023. Starts remain soft as mortgage rates remain relatively high. The supply of existing homes is becoming more abundant after the period of scarcity as homeowners held onto their low mortgage rates. The Freddie Mac average rate for a 30-year fixed rate mortgage increased to 6.9% from 6.8% in December. According to the Case-Shiller 20-City Home Price Index, housing prices rose 4.2% year-over-year in October, decelerating from 4.6% reported in the previous month. With more inventory entering the market the trend is gradually improving, however 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

HOUSING
9 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 rose more than forecast to 49.3 in December from 48.4 in November.

While the index has posted contractionary readings for the past nine months, New Orders and Prices indices continued in expansion territory and the Production Index returned to expansion this month. The Backlog of Orders Index and Employment Index remained in contraction. The ISM Services Index roseto 54.1 in December from 52.1in November while marking the sixth straight month of expansion.

Robust business activity ahead of the new year and mitigating risks of potential tariffs were the key drivers. A reading over 50 indicates expansion, while a reading under 50 indicates contraction.

Source: Institute for Supply Management

SURVEY BASED MEASURES
10 Components of GDP 12/23 3/24 6/24 9/24

2.3% 1.3% 1.9% 2.5%

0.2% 0.6% 1.5% 0.2%

0.1% -0.6% -0.9% -0.4%

0.0% 0.0% 0.3% 0.6%

0.6% 0.3% 0.3% 0.3%

3.2% 1.6% 3.0% 3.1%
Personal Consumption Expenditures
Gross Private Domestic Investment
Net Exports and Imports
Federal Government Expenditures
Total
State and Local (Consumption and Gross
Investment)
-40.0%
-30.0%
-20.0%
-10.0%

0.0%

10.0%

20.0%

30.0%

40.0%
Gross Domestic Product (GDP)
GDP QOQ % Change
GDP YOY % Change
Source: US Department of Commerce Source: US Department of Commerce According to the third estimate, third quarter GDP increased at an annualized rate of 3.1% compared to 2.8% from the second estimate.

Growth continues to be powered by personal consumption expenditures. Government consumption expenditures and nonresidential fixed investment also had positive contributions, with negative offsets by net exports, residential investment, and change in private inventories. The consensus projection calls for 2.4% growth in the fourth quarter and 2.7% growth for the full year 2024.

GROSS DOMESTIC PRODUCT (GDP)
11 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 broadly anticipated, the Federal Open Market Committee (FOMC) reduced the Fed Funds Rate by 25 basis points to the range of 4.25-

4.50% at the December meeting. There was one dissenting vote by Cleveland Fed President Beth Hammack who would have preferred no change in rates. Although a reduction in rates was widely anticipated, market participants viewed the trajectory of rates in the SEP as ‘hawkish.’ Chair Jerome Powell reiterated previous statements that monetary policy is “well positioned”and the outlook remains roughly balanced between the dual mandate of maximum employment and price stability. Economic activity is expanding at a solid pace, labor market conditions have “generally eased”,and the unemployment rate “remains low.”The Fed released the quarterly Summary of Economic Projections (SEP) which now forecasts a higher, longer run median Fed Funds rate expectation among Fed Governors at 2.8 –

3.6%. 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 $1.9T to approximately $7.0T.

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%
Effective Federal Funds Rate
Recession
Yield (%)

FEDERAL RESERVE
12 Source: Bloomberg Source: Bloomberg

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%
US Treasury Note Yields
2-Year
5-Year
10-Year
Yield (%)

0.0%

1.0%

2.0%

3.0%

4.0%

5.0%

6.0%
US Treasury Yield Curve
Dec-24
Sep-24
Dec-23
Yield (%)
At the end of December, the 2-year Treasury yield was 1 basis point lower, and the 10-Year Treasury yield was 69 basis points higher, year-over-year. The spread between the 2-year and 10-year Treasury yield points on the curve increased to +33 basis points at December month-end versus+2 basis points at November month-end. The yield curve inversion which began in July 2022 was historically long. The average historical spread (since 2004) is about +99 basis points. The 3-month and 10-year Treasury yield curve normalized to +25 basis points in December from -32 basis points in November.

BOND YIELDS
13 ACCOUNT PROFILE
14 OBJECTIVES
Investment Objectives
The investment objectives for the City of Vallejo, in order of priority, are to provide safety to ensure the preservation of capital in the overall portfolio, provide sufficient liquidity for cash needs, and a market rate of return consistent with the investment program.

Chandler Asset Management Performance Objective
The performance objective for the portfolio is to earn a total rate of return through a market cycle that is equal to or above the return on the benchmark index.

Strategy
In order to achieve this objective, the portfolio invests in high-quality fixed income securities that comply with the investment policy and all regulations governing the funds. 15 STATEMENT OF COMPLIANCE
City of Vallejo | Account #260 | As of December 31, 2024 Rules Name Limit Actual Compliance
Status Notes

AGENCY MORTGAGE SECURITIES (CMOS)
Max % (MV) 50.0 1.8 Compliant
Max % Issuer (MV) 30.0 1.8 Compliant
Max Maturity (Years) 5.0 3.4 Compliant

ASSET-BACKED SECURITIES (ABS)
Max % (MV) 20.0 4.9 Compliant
Max % Issuer (MV) 5.0 1.0 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 24.7 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 December 31, 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 13.0 Compliant
Max % Issuer (MV) 30.0 4.9 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 0.0 Compliant

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

MONEY MARKET MUTUAL FUNDS
Max % (MV) 20.0 0.7 Compliant
Max % Issuer (MV) 5.0 0.7 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 December 31, 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

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 2.8 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 52.1 Compliant
Max Maturity (Years) 5 5 Compliant
18 PORTFOLIO CHARACTERISTICS
City of Vallejo Cons Portfolio | Account #262 | As of December 31, 2024 12/31/2024
Portfolio
9/30/2024
Portfolio
Average Maturity (yrs) 1.18 1.20
Average Modified Duration 1.03 1.41
Average Purchase Yield 4.05% 4.05%
Average Market Yield 4.43% 4.26%
Average Quality** AA+ AA+
Total Market Value 251,587,736 259,426,860
*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 December 31, 2024 Sector as a Percentage of Market Value
Sector 12/31/2024 09/30/2024
US Treasury 52.72% 49.07%
LAIF 21.80% 24.70%
Corporate 9.55% 9.86%
Money Mkt Fd 6.93% 5.98%
Agency 5.04% 6.07%
ABS 1.88% 1.85%
Supras 1.09% 0.70%
Agency CMBS 0.71% 0.81%
Cash 0.29% 0.96%
20 DURATION DISTRIBUTION
City of Vallejo Cons Portfolio | Account #262 | As of December 31, 2024 Date 0-.25 .25-.5 .5-1 1-2 2-3 3-4 4-5 5-7 7+
12/31/2024 61.4% 1.2% 4.6% 5.9% 9.0% 13.7% 4.2% 0.0% 0.0% 09/30/2024 47.0% 15.6% 4.7% 6.4% 8.3% 13.5% 4.4% 0.0% 0.0% 21 QUALITY DISTRIBUTION
Rating 12/31/2024 09/30/2024
AAA 35.7% 34.1%
AA 27.1% 26.5%
A 8.5% 8.8%
BBB 0.1% 0.1%
NR 28.7% 30.5%
Rating 12/31/2024 09/30/2024
AAA 61.2% 58.9%
AA 1.1% 0.7%
A 8.5% 9.2%
NR 29.2% 31.3%
Rating 12/31/2024 09/30/2024
AAA 34.8% 33.0%
AA 28.3% 28.0%
A 4.9% 4.8%
NR 32.0% 34.2%
City of Vallejo Cons Portfolio | Account #262 | As of December 31, 2024 S&P Rating Moody’s Rating Fitch Rating
22 HISTORICAL AVERAGE PURCHASE YIELD
City of Vallejo Cons Portfolio | Account #262 | As of December 31, 2024 Purchase Yield as of
12/31/24 = 4.05%
23 IMPORTANT DISCLOSURES
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. 24 BENCHMARK DISCLOSURES
Benchmark Disclosure
ICE BofA 1-5 Yr US Treasury & Agency Index The ICE BofA 1-5 Year US Treasury & Agency Index tracks the performance of US dollar denominated US Treasury and nonsubordinated US agency debt issued in the US domestic market. Qualifying securities must have an investment grade rating (based on an average of Moody’s, S&P and Fitch). Qualifying securities must have at least one year remaining term to final maturity and less than five years remaining term to final maturity, at least 18 months to maturity at time of issuance, a fixed coupon schedule, and a minimum amount outstanding of $1 billion for sovereigns and $250 million for agencies.

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.
25 CONSENT CALENDAR 8.D.

DATE: February 11, 2025
TO: Mayor and Members of the City Council
FROM: Jason Ta, Chief of Police
SUBJECT: ADOPT A RESOLUTION ACCEPTING A UNITED STATES DEPARTMENT OF JUSTICE BUREAU OF JUSTICE ASSISTANCE FISCAL YEAR 2024 CONNECT AND PROTECT:

LAW ENFORCEMENT BEHAVIORAL HEALTH RESPONSE PROGRAM GRANT AWARD,

AUTHORIZE THE CITY MANAGER OR HIS DESIGNEE TO EXECUTE THE AWARD PACKAGE AND PROVIDE NOTICE OF INTENT TO AMEND THE FISCAL YEAR 2024– 2025 BUDGET IN THE AMOUNT OF $550,000

RECOMMENDATION

2. Authorize the City Manager or his designee to execute the Award Package.

REASONS FOR RECOMMENDATION
Since July 2023, the City of Vallejo has been in a state of emergency due to VPD’s sworn officer shortage.

Though staffing levels are improving, VPD is still operating at less than 60% of its authorized capacity. This shortage is compounded by high rates of violent crime. VPD receives approximately 185 911 calls daily.

To increase the level of service provided to City residents, VPD implemented an Integrated Health and Resource Team (“IHART”), which provides a mobile community crisis intervention team (“CIT”) to address specific and urgent mental and behavioral needs of City residents. Project IHART has been operating successfully since April 2024. Recognizing this success, on September 25, 2024, the US DOJ BJA awarded VPD a $550,000 Connect and Protect: Law Enforcement Behavioral Health Response Program grant (the “Grant”) to continue – and increase the level of – service provided to the community. Accordingly, staff respectfully requests Council adopt a resolution accepting said Grant and notice intent to amend the Fiscal Year 2024-2025 general fund budget to recognize revenue and appropriate expenditure in the amount of $550,000.

BACKGROUND AND DISCUSSION
Project IHART’s purpose is three-fold. First, IHART reduces the need for VPD officers to respond to all calls for service and allows VPD officers to focus on violent crimes. Second, IHART’s removal of VPD officer presence in response to certain non-violent incidents usually results in quicker de-escalation. Third, IHART, which includes a crisis counselor and an EMT or nurse who respond to calls for service from VPD dispatch, is better-suited to provide wrap around services to address the mental and behavioral health needs of the community. Specifically, IHART provides social work, mediation amongst family members who are fighting,

Date: February 11, 2025
Subject: ADOPT A RESOLUTION ACCEPTING A UNITED STATES DEPARTMENT OF JUSTICE BUREAU OF JUSTICE ASSISTANCE FISCAL YEAR 2024 CONNECT AND PROTECT: LAW

ENFORCEMENT BEHAVIORAL HEALTH RESPONSE PROGRAM GRANT AWARD,

AUTHORIZE THE CITY MANAGER OR HIS DESIGNEE TO EXECUTE THE AWARD PACKAGE AND PROVIDE NOTICE OF INTENT TO AMEND THE FISCAL YEAR 2024–2025 BUDGET IN THE AMOUNT OF $550,000

Page 2 ends

suicide assessments, all types of interventions, and referrals to various types of services.

Currently, IHART services are provided 12 hours per day, every day, by community partner, Felton Institute.

VPD was awarded the Grant to expand IHART services to 24 hours per day and increase the amount of services provided by Felton Institute, including: (a) designing, developing, and deploying an assertive community treatment-like model, (b) educating family members and caregivers of those with Serious Mental Illness (“SMI”) and/or Substance Use Disorders (“SUDs”), and (c) enhancing officer and IHART staff knowledge and skills in SMI and SUD treatment. VPD also intends to enter into an agreement with TabiMOMS, a California non-profit public benefit corporation, to provide follow up mental and/or behavioral healthcare services and referrals.

FISCAL IMPACT
The City of Vallejo Police Department was awarded the $550,000 Grant to continue, and expand, its ongoing Project IHART efforts. The Grant requires an escalating percentage cash or in-kind local match for Years 1 & 2 at 20% and Year 3 at 40% which will be covered by the salaries of Police Department staff overseeing the Project (1 Police Captain and 1 Administrative Analyst II).

If the City Council accept the grant, staff will request on the next council meeting to amend the Fiscal Year 2024-2025 General Fund budget to recognize revenue and appropriate expenditure for BJA FY24 Connect and Protect: Law Enforcement Behavioral Health Response Program grant in the amount of $550,000.

ENVIRONMENTAL REVIEW
This action is exempt from the California Environmental Quality Act (“CEQA”) because it is not a project that 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. 02 - Resolution - Accept Grant - Step 1 (BJA Connect & Protect $550k) CAO STAMP

2. Award_Package_FAW-183825

3. PIO Announce 550k grant

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

RESOLUTION NO. 25-____ N.C.

RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VALLEJO ACCEPTING A FISCAL YEAR 2024 CONNECT AND PROTECT: LAW ENFORCEMENT BEHAVIORAL

HEALTH RESPONSE PROGRAM GRANT FROM THE UNITED STATES DEPARTMENT OF JUSTICE AND NOTICING INTENT TO AMEND FISCAL YEAR 2024–2025 BUDGET IN THE AMOUNT OF $550,000
WHEREAS, the United States Department of Justice (“US DOJ”) Bureau of Justice Assistance (“BJA”) Fiscal Year 2024 (“FY24”) Connect and Protect: Law Enforcement Behavioral Health Response Program provides grant funding to address needs directly related to the criminal activity of adults with mental health conditions, who are living in homelessness, or who are members of marginalized communities with minimal access to mental health services; and WHEREAS, the aforementioned grant funding is designed to reduce arrests, divert individuals from the justice system, and support partnerships between justice system officials, health and mental health professionals, and community providers; and WHEREAS, Vallejo Police Department oversees an Integrated Health and Resource Team (“IHART”) that provides the services contemplated by the grant funding; and WHEREAS, on September 25, 2024, Vallejo Police Department was awarded a $550,000 Fiscal Year 2024 Connect and Protect: Law Enforcement Behavioral Health Response Program grant from the US DOJ BJA to continue and expand IHART’s services (the “Grant”); and WHEREAS, the Grant requires a local match that will be funded by the salaries of Police Department staff (Police Captain and Administrative Analyst II) overseeing Project IHART; and NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Vallejo hereby authorizes the City Manager to accept the awarded grant funding in the amount of $550,000 from the US DOJ BJA for the purpose of continuing and expanding Vallejo Police Department’s Project IHART; and
BE IT FURTHER RESOLVED that the grant funds received hereunder shall not be used to supplant expenditures controlled by this body.

Adopted by the City Council of the City of Vallejo at a regular meeting held on February 11, 2025, with the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

ROBERT H. MCCONNELL, MAYOR
ATTEST:

DAWN G. ABRAHAMSON, CITY CLERK
Department of Justice (DOJ)
Office of Justice Programs
Bureau of Justice Assistance

Washington, D.C. 20531

Name and Address of Recipient: CITY OF VALLEJO POLICE DEPARTMENT 111 AMADOR STREET

City, State and Zip: VALLEJO, CA 94590

Recipient UEI: SK9PBN6JTJB3
Project Title: The City of Vallejo Police
Department's Integrated Health and Resource
Team (IHART) expansion will provide critical
wraparound support, case management, and
resources to individuals in crisis.

Award Number: 15PBJA-24-GG-02875-MENT
Solicitation Title: BJA FY24 Connect and Protect: Law Enforcement Behavioral Health Response Program Federal Award Amount: $550,000.00 Federal Award Date: 9/25/24 Awarding Agency: Office of Justice Programs
Bureau of Justice Assistance
Funding Instrument Type: Grant
Opportunity Category: D
Assistance Listing:

16.745 - Criminal and Juvenile Justice and Mental Health Collaboration Program Project Period Start Date: 10/1/24 Project Period End Date: 9/30/27 Budget Period Start Date: 10/1/24 Budget Period End Date: 9/30/27 Project Description:

The City of Vallejo Police Department (VPD) Integrated Health and Resource Team (IHART) expansion project proposes to provide 24 hours a day, 7 days a week, 365 days a year mobile crisis response to residents of Vallejo, California experiencing mental and/or behavioral health crises, reducing calls for service requiring police presence to address a chronically understaffed police department.

Since July 2023, Vallejo has been in a state of emergency due to VPD’s immense staffing shortages. VPD is operating at less than 50% of its authorized capacity: it has gone from 137 officers in 1991 to 62 officers in 2024 (132 authorized, only 73 sworn in place, 11 of which are on long-term disability/modified duty). This shortage is compounded by high rates of violent crime. Vallejo is continuously ranked one of California’s most dangerous cities, with crime rates 96% higher than national average. VPD receives about 185 911 calls daily.

Primary Activities include expanding IHART to achieve 24 hour, 365 operations; designing, developing, and deploying an assertive community treatment-like model; educate family members and caregivers of those with Serious Mental Illness (SMI) / substance use disorders (SUDs); and enhancing officer and IHART staff knowledge and skills in SMI/SUD treatment. There are no planned conference activities for the recommended award.

Page: 1 of 20
Award Letter
September 25, 2024
Dear Jason Ta,

On behalf of Attorney General Merrick B. Garland, it is my pleasure to inform you the Office of Justice Programs (OJP) has approved the application submitted by CITY OF VALLEJO POLICE DEPARTMENT for an award under the funding opportunity entitled 2024 BJA FY24 Connect and Protect: Law Enforcement Behavioral Health Response Program. The approved award amount is $550,000.

Review the Award Instrument below carefully and familiarize yourself with all conditions and requirements before accepting your award. The Award Instrument includes the Award Offer (Award Information, Project Information, Financial Information, and Award Conditions) and Award Acceptance. For COPS Office and OVW funding the Award Offer also includes any Other Award Documents.

Please note that award requirements include not only the conditions and limitations set forth in the Award Offer, but also compliance with assurances and certifications that relate to conduct during the period of performance for the award. These requirements encompass financial, administrative, and programmatic matters, as well as other important matters (e.g., specific restrictions on use of funds). Therefore, all key staff should receive the award conditions, the assurances and certifications, and the application as approved by OJP, so that they understand the award requirements. Information on all pertinent award requirements also must be provided to any subrecipient of the award.

Should you accept the award and then fail to comply with an award requirement, DOJ will pursue appropriate remedies for non-compliance, which may include termination of the award and/or a requirement to repay award funds.

Prior to accepting the award, your Entity Administrator must assign a Financial Manager, Grant Award Administrator, and Authorized Representative(s) in the Justice Grants System (JustGrants). The Entity Administrator will need to ensure the assigned Authorized Representative(s) is current and has the legal authority to accept awards and bind the entity to the award terms and conditions. To accept the award, the Authorized Representative(s) must accept all parts of the Award Offer in the Justice Grants System (JustGrants), including by executing the required declaration and certification, within 45 days from the award date.

To access your funds, you will need to enroll in the Automated Standard Application for Payments (ASAP) system, if you haven’t already completed the enrollment process in ASAP. The Entity Administrator should have already received an email from ASAP to initiate this process.

Congratulations, and we look forward to working with you.

Brent J. Cohen
Acting Assistant Attorney General
Office for Civil Rights Notice for All Recipients
The Office for Civil Rights (OCR), Office of Justice Programs (OJP), U.S. Department of Justice (DOJ) enforces federal civil rights laws and other provisions that prohibit discrimination by recipients of federal financial assistance from OJP, the Office of Community Oriented Policing Services (COPS), and the Office on Violence Against Women (OVW).

Several civil rights laws, including Title VI of the Civil Rights Act of 1964 and Section 504 of the Rehabilitation Act of 1973, require recipients of federal financial assistance (recipients) to give assurances that they will comply with those laws. Taken together, these and other civil rights laws prohibit recipients from discriminating in the provision of services and employment because of race, color, national origin, religion, disability, and sex or from discriminating in the provision of services on the bases of age.

Some recipients of DOJ financial assistance have additional obligations to comply with other applicable nondiscrimination provisions like the Omnibus Crime Control and Safe Streets Act of 1968, which prohibits discrimination on the basis of religion in addition to race, color, national origin, and sex. Recipients may also have related requirements regarding the development and implementation of equal employment opportunity programs.

Page: 2 of 20
OCR provides technical assistance, training, and other resources to help recipients comply with civil rights obligations.

Further, OCR administratively enforces civil rights laws and nondiscrimination provisions by investigating DOJ recipients that are the subject of discrimination complaints. In addition, OCR conducts compliance reviews of DOJ recipients based on regulatory criteria. These investigations and compliance reviews permit OCR to evaluate whether DOJ recipients are providing services to the public and engaging in employment practices in a nondiscriminatory manner.

For more information about OCR, your civil rights and nondiscrimination responsibilities, how to notify your employees or beneficiaries of their civil rights protections and responsibilities and how to file a complaint, as well as technical assistance, training, and other resources, please visit www.ojp.gov/program/civil-rights-office/outreach. If you would like OCR to assist you in fulfilling your civil rights or nondiscrimination responsibilities, please contact us at askOCR@o jp.usdoj.govor www.ojp.gov/program/civil-rights-office/about#ocr-contacts.

Memorandum Regarding NEPA
NEPA Letter Type
OJP - Categorical Exclusion
NEPA Letter
None of the following activities will be conducted whether under the Office of Justice Programs federal action or a related third party action:
(1) New construction
(2) Any renovation or remodeling of a property located in an environmentally or historically sensitive area, including property (a) listed on or eligible for listing on the National Register of Historic Places, or (b) located within a 100-year flood plain, a wetland, or habitat for an endangered species
(3) A renovation that will change the basic prior use of a facility or significantly change its size (4) Research and technology whose anticipated and future application could be expected to have an effect on the environment (5) Implementation of a program involving the use of chemicals (including the identification, seizure, or closure of clandestine methamphetamine laboratories) Additionally, the proposed action is neither a phase nor a segment of a project that when reviewed in its entirety would not meet the criteria for a categorical exclusion.

Consequently, the subject federal action meets the Office of Justice Programs' criteria for a categorical exclusion as contained in paragraph 4(b) of Appendix D to Part 61 of Title 28 of the Code of Federal Regulations.

Questions about this determination may be directed to your grant manager or Orbin Terry, Environmental Coordinator for the Bureau of Justice Assistance.

NEPA Coordinator
First Name
Orbin Middle Name Last Name
Terry
Award Information
This award is offered subject to the conditions or limitations set forth in the Award Information, Project Information, Financial Information, and Award Conditions.

Page: 3 of 20
Recipient Information
Recipient Name

CITY OF VALLEJO POLICE DEPARTMENT
UEI
SK9PBN6JTJB3
Street 1
111 AMADOR STREET Street 2
City

VALLEJO
State/U.S. Territory
California
Zip/Postal Code
94590
Country
United States
County/Parish
no value
Province
no value
Award Details
Federal Award Date
9/25/24
Award Type
Initial
Award Number
15PBJA-24-GG-02875-MENT
Supplement Number
00 Federal Award Amount
$550,000.00
Funding Instrument Type
Grant
Assistance Listing
Number
Assistance Listings Program Title

16.745 Criminal and Juvenile Justice and Mental Health Collaboration Program Statutory Authority
Public Law No. 90-351, Title I, Sec. 2991 (codified at 34 U.S.C. 10651); (Public Law No. 117-103, 136 Stat. 49, 127).

Any awards under this solicitation would be made under statutory authority provided by the Consolidated Appropriations Act, 2024. As of the writing of this solicitation, the Department of Justice is operating under a short- term Continuing Resolution with no full-year appropriation for the Department being enacted for FY 2024 currently. [X] I have read and understand the information presented in this section of the Federal Award Instrument.

Project Information
This award is offered subject to the conditions or limitations set forth in the Award Information, Project Information, Financial Information, and Award Conditions.

Solicitation Title Awarding Agency
Page: 4 of 20
2024 BJA FY24 Connect and Protect: Law Enforcement
Behavioral Health Response Program
Application Number
GRANT14136832
OJP
Program Office
BJA
Grant Manager
Ivette Ruiz
Phone Number
202-353-5423
E-mail Address
[email protected]
Project Title
The City of Vallejo Police Department's Integrated Health and Resource Team (IHART) expansion will provide critical wraparound support, case management, and resources to individuals in crisis.

Performance Period Start
Date
10/01/2024
Performance Period End Date
09/30/2027
Budget Period Start Date
10/01/2024
Budget Period End Date
09/30/2027
Project Description
The City of Vallejo Police Department (VPD) Integrated Health and Resource Team (IHART) expansion project proposes to provide 24 hours a day, 7 days a week, 365 days a year mobile crisis response to residents of Vallejo, California experiencing mental and/or behavioral health crises, reducing calls for service requiring police presence to address a chronically understaffed police department.

Financial Information
This award is offered subject to the conditions or limitations set forth in the Award Information, Project Information, Financial Information, and Award Conditions.

The recipient budget is currently under review.
[X] I have read and understand the information presented in this section of the Federal Award Instrument.

Award Conditions
Page: 5 of 20
This award is offered subject to the conditions or limitations set forth in the Award Information, Project Information, Financial Information, and Award Conditions.

Condition 1
Meaningful access requirement for individuals with limited English proficiency The recipient, and any subrecipient at any tier, must take reasonable steps to ensure that individuals with limited English proficiency (LEP) have meaningful access to their programs and activities to comply with Title VI of the Civil Rights Act of 1964 (Title VI), which prohibits discrimination on the basis of national origin, including discrimination against individuals with LEP. Such steps may require providing language assistance services, such as interpretation or translation services. The Department of Justice guidance on compliance with this requirement may be found at "Guidance to Federal Financial Assistance Recipients Regarding Title VI Prohibition Against National Origin Discrimination Affecting Limited English Proficient Persons" (67 Fed. Reg. 41455-41472) (https:// www.federalregister.gov/d/02-15207) and is incorporated by reference here.

Condition 2
Compliance with general appropriations-law restrictions on the use of federal funds (FY 2024) The recipient, and any subrecipient ("subgrantee") at any tier, must comply with all applicable restrictions on the use of federal funds set out in federal appropriations statutes. Pertinent restrictions that may be set out in applicable appropriations acts are indicated at https://ojp.gov/funding/Explore/FY24AppropriationsRestrictions.htm, and are incorporated by reference here.

Should a question arise as to whether a particular use of federal funds by a recipient (or a subrecipient) would or might fall within the scope of an appropriations-law restriction, the recipient is to contact OJP for guidance, and may not proceed without the express prior written approval of OJP.

Condition 3
Requirements of the award; remedies for non-compliance or for materially false statements The conditions of this award are material requirements of the award. Compliance with any assurances or certifications submitted by or on behalf of the recipient that relate to conduct during the period of performance also is a material requirement of this award.

Limited Exceptions. In certain special circumstances, the U.S. Department of Justice ("DOJ") may determine that it will not enforce, or enforce only in part, one or more requirements otherwise applicable to the award. Any such exceptions regarding enforcement, including any such exceptions made during the period of performance, are (or will be during the period of performance) set out through the Office of Justice Programs ("OJP") webpage entitled "Legal Notices:

Special circumstances as to particular award conditions" (ojp.gov/funding/Explore/LegalNotices-AwardReqts.htm), and incorporated by reference into the award.

By signing and accepting this award on behalf of the recipient, the authorized recipient official accepts all material requirements of the award, and specifically adopts, as if personally executed by the authorized recipient official, all assurances or certifications submitted by or on behalf of the recipient that relate to conduct during the period of performance.

Failure to comply with one or more award requirements -- whether a condition set out in full below, a condition incorporated by reference below, or an assurance or certification related to conduct during the award period -- may result in OJP taking appropriate action with respect to the recipient and the award. Among other things, the OJP may withhold award funds, disallow costs, or suspend or terminate the award. DOJ, including OJP, also may take other legal action as appropriate.

Any materially false, fictitious, or fraudulent statement to the federal government related to this award (or concealment or omission of a material fact) may be the subject of criminal prosecution (including under 18 U.S.C. 1001 and/or 1621, and/or 34 U.S.C. 10271-10273), and also may lead to imposition of civil penalties and administrative remedies for false claims or otherwise (including under 31 U.S.C. 3729-3730 and 3801-3812).

Should any provision of a requirement of this award be held to be invalid or unenforceable by its terms, that provision shall first be applied with a limited construction so as to give it the maximum effect permitted by law. Should it be held, Page: 6 of 20
instead, that the provision is utterly invalid or -unenforceable, such provision shall be deemed severable from this award.

Condition 4
Effect of failure to address audit issues
The recipient understands and agrees that the DOJ awarding agency (OJP or OVW, as appropriate) may withhold award funds, or may impose other related requirements, if (as determined by the DOJ awarding agency) the recipient does not satisfactorily and promptly address outstanding issues from audits required by the Part 200 Uniform Requirements (or by the terms of this award), or other outstanding issues that arise in connection with audits, investigations, or reviews of DOJ awards.

Condition 5
Applicability of Part 200 Uniform Requirements
The Uniform Administrative Requirements, Cost Principles, and Audit Requirements in 2 C.F.R. Part 200, as adopted and supplemented by DOJ in 2 C.F.R. Part 2800 (together, the "Part 200 Uniform Requirements") apply to this award from OJP.

For more information and resources on the Part 200 Uniform Requirements as they relate to OJP awards and subawards ("subgrants"), see the OJP website at https://ojp.gov/funding/Part200UniformRequirements.htm.

Record retention and access: Records pertinent to the award that the recipient (and any subrecipient ("subgrantee") at any tier) must retain -- typically for a period of 3 years from the date of submission of the final expenditure report (SF 425), unless a different retention period applies -- and to which the recipient (and any subrecipient ("subgrantee") at any tier) must provide access, include performance measurement information, in addition to the financial records, supporting documents, statistical records, and other pertinent records indicated at 2 C.F.R. 200.334.

In the event that an award-related question arises from documents or other materials prepared or distributed by OJP that may appear to conflict with, or differ in some way from, the provisions of the Part 200 Uniform Requirements, the recipient is to contact OJP promptly for clarification.

Condition 6
Reporting potential fraud, waste, and abuse, and similar misconduct The recipient, and any subrecipients ("subgrantees") at any tier, must promptly refer to the DOJ Office of the Inspector General (OIG) any credible evidence that a principal, employee, agent, subrecipient, contractor, subcontractor, or other person has, in connection with funds under this award-- (1) submitted a claim that violates the False Claims Act; or (2) committed a criminal or civil violation of laws pertaining to fraud, conflict of interest, bribery, gratuity, or similar misconduct.

Potential fraud, waste, abuse, or misconduct involving or relating to funds under this award should be reported to the OIG by--(1) online submission accessible via the OIG webpage at https://oig.justice.gov/hotline/contact-grants.htm (select "Submit Report Online"); (2) mail directed to: U.S. Department of Justice, Office of the Inspector General, Investigations Division, ATTN: Grantee Reporting, 950 Pennsylvania Ave., NW, Washington, DC 20530; and/or (3) by facsimile directed to the DOJ OIG Investigations Division (Attn: Grantee Reporting) at (202) 616-9881 (fax).

Additional information is available from the DOJ OIG website at https://oig.justice.gov/hotline.

Condition 7
Compliance with DOJ regulations pertaining to civil rights and nondiscrimination - 28 C.F.R. Part 38 The recipient, and any subrecipient ("subgrantee") at any tier, must comply with all applicable requirements of 28 C.F.R. Part 38.

Among other things, 28 C.F.R. Part 38 includes rules that prohibit specific forms of discrimination on the basis of religion, a religious belief, a refusal to hold a religious belief, or refusal to attend or participate in a religious practice.

Page: 7 of 20
Part 38 also sets out rules and requirements that pertain to recipient and subrecipient ("subgrantee") organizations that engage in or conduct explicitly religious activities, as well as rules and requirements that pertain to recipients and subrecipients that are faith-based or religious organizations.

Recipients and subrecipients that provide social services under this award must give written notice to beneficiaries and prospective beneficiaries prior to the provision of services (if practicable) which shall include language substantially similar to the language in 28 CFR Part 38, Appendix C, sections (1) through (4). A sample written notice may be found at https://www.ojp.gov/program/civil-rights-office/partnerships-faith-based-and-other-neighborhood-organizations.

In certain instances, a faith-based or religious organization may be able to take religion into account when making hiring decisions, provided it satisfies certain requirements. For more information, please see https://www.ojp.gov/ funding/explore/legaloverview2024/civilrightsrequirements.

Condition 8
Requirements related to "de minimis" indirect cost rate A recipient that is eligible under the Part 200 Uniform Requirements and other applicable law to use the "de minimis" indirect cost rate described in 2 C.F.R. 200.414(f), and that elects to use the "de minimis" indirect cost rate, must advise OJP in writing of both its eligibility and its election, and must comply with all associated requirements in the Part 200 Uniform Requirements. The "de minimis" rate may be applied only to modified total direct costs (MTDC) as defined by the Part 200 Uniform Requirements.

Condition 9
Compliance with applicable rules regarding approval, planning, and reporting of conferences, meetings, trainings, and other events
The recipient, and any subrecipient ("subgrantee") at any tier, must comply with all applicable laws, regulations, policies, and official DOJ guidance (including specific cost limits, prior approval and reporting requirements, where applicable) governing the use of federal funds for expenses related to conferences (as that term is defined by DOJ), including the provision of food and/or beverages at such conferences, and costs of attendance at such conferences.

Information on the pertinent DOJ definition of conferences and the rules applicable to this award appears in the DOJ Grants Financial Guide (currently, as section 3.10 of "Postaward Requirements" in the "DOJ Grants Financial Guide").

Condition 10
Requirement for data on performance and effectiveness under the award The recipient must collect and maintain data that measure the performance and effectiveness of work under this award. The data must be provided to OJP in the manner (including within the timeframes) specified by OJP in the program solicitation or other applicable written guidance. Data collection supports compliance with the Government Performance and Results Act (GPRA) and the GPRA Modernization Act of 2010, and other applicable laws.

Condition 11
Compliance with DOJ Grants Financial Guide
References to the DOJ Grants Financial Guide are to the DOJ Grants Financial Guide as posted on the OJP website (currently, the "DOJ Grants Financial Guide" available at https://ojp.gov/financialguide/DOJ/index.htm), including any updated version that may be posted during the period of performance. The recipient agrees to comply with the DOJ Grants Financial Guide.

Condition 12
Compliance with DOJ regulations pertaining to civil rights and nondiscrimination - 28 C.F.R. Part 42 The recipient, and any subrecipient ("subgrantee") at any tier, must comply with all applicable requirements of 28 C.F.R. Part 42, specifically including any applicable requirements in Subpart E of 28 C.F.R. Part 42 that relate to an equal employment opportunity program.

Page: 8 of 20
Among other items, 28 C.F.R. § 42.106(d), 28 C.F.R. § 42.405(c), and 28 C.F.R. § 42.505(f) contain notice requirements that covered recipients must follow regarding the dissemination of information regarding federal nondiscrimination requirements.

Condition 13
Determination of suitability to interact with participating minors SCOPE. This condition applies to this award if it is indicated -- in the application for the award (as approved by DOJ)(or in the application for any subaward, at any tier), the DOJ funding announcement (solicitation), or an associated federal statute -- that a purpose of some or all of the activities to be carried out under the award (whether by the recipient, or a subrecipient at any tier) is to benefit a set of individuals under 18 years of age.

The recipient, and any subrecipient at any tier, must make determinations of suitability before certain individuals may interact with participating minors. This requirement applies regardless of an individual's employment status.

The details of this requirement are posted on the OJP web site at https://ojp.gov/funding/Explore/Interact-Minors.htm (Award condition: Determination of suitability required, in advance, for certain individuals who may interact with participating minors), and are incorporated by reference here.

Condition 14
Requirement to disclose whether recipient is designated "high risk" by a federal grant-making agency outside of DOJ If the recipient is designated "high risk" by a federal grant-making agency outside of DOJ, currently or at any time during the course of the period of performance under this award, the recipient must disclose that fact and certain related information to OJP by email at [email protected]. For purposes of this disclosure, high risk includes any status under which a federal awarding agency provides additional oversight due to the recipient's past performance, or other programmatic or financial concerns with the recipient. The recipient's disclosure must include the following: 1. The federal awarding agency that currently designates the recipient high risk, 2. The date the recipient was designated high risk, 3. The high-risk point of contact at that federal awarding agency (name, phone number, and email address), and 4. The reasons for the high-risk status, as set out by the federal awarding agency.

Condition 15
Employment eligibility verification for hiring under the award

1. The recipient (and any subrecipient at any tier) must-- A. Ensure that, as part of the hiring process for any position within the United States that is or will be funded (in whole or in part) with award funds, the recipient (or any subrecipient) properly verifies the employment eligibility of the individual who is being hired, consistent with the provisions of 8 U.S.C. 1324a(a)(1).

B. Notify all persons associated with the recipient (or any subrecipient) who are or will be involved in activities under this award of both--
(1) this award requirement for verification of employment eligibility, and (2) the associated provisions in 8 U.S.C. 1324a(a)(1) that, generally speaking, make it unlawful, in the United States, to hire (or recruit for employment) certain aliens.

C. Provide training (to the extent necessary) to those persons required by this condition to be notified of the award requirement for employment eligibility verification and of the associated provisions of 8 U.S.C. 1324a(a)(1).

D. As part of the recordkeeping for the award (including pursuant to the Part 200 Uniform Requirements), maintain records of all employment eligibility verifications pertinent to compliance with this award condition in accordance with Form I-9 record retention requirements, as well as records of all pertinent notifications and trainings.

2. Monitoring
The recipient's monitoring responsibilities include monitoring of subrecipient compliance with this condition.

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3. Allowable costs
To the extent that such costs are not reimbursed under any other federal program, award funds may be obligated for the reasonable, necessary, and allocable costs (if any) of actions designed to ensure compliance with this condition.

4. Rules of construction
A. Staff involved in the hiring process
For purposes of this condition, persons "who are or will be involved in activities under this award" specifically includes (without limitation) any and all recipient (or any subrecipient) officials or other staff who are or will be involved in the hiring process with respect to a position that is or will be funded (in whole or in part) with award funds.

B. Employment eligibility confirmation with E-Verify
For purposes of satisfying the requirement of this condition regarding verification of employment eligibility, the recipient (or any subrecipient) may choose to participate in, and use, E-Verify (www.e-verify.gov), provided an appropriate person authorized to act on behalf of the recipient (or subrecipient) uses E-Verify (and follows the proper E-Verify procedures, including in the event of a "Tentative Nonconfirmation" or a "Final Nonconfirmation") to confirm employment eligibility for each hiring for a position in the United States that is or will be funded (in whole or in part) with award funds.

C. "United States" specifically includes the District of Columbia, Puerto Rico, Guam, the Virgin Islands of the United States, and the Commonwealth of the Northern Mariana Islands.

D. Nothing in this condition shall be understood to authorize or require any recipient, any subrecipient at any tier, or any person or other entity, to violate any federal law, including any applicable civil rights or nondiscrimination law.

E. Nothing in this condition, including in paragraph 4.B., shall be understood to relieve any recipient, any subrecipient at any tier, or any person or other entity, of any obligation otherwise imposed by law, including 8 U.S.C. 1324a(a)(1).

Questions about E-Verify should be directed to DHS. For more information about E-Verify visit the E-Verify website (https://www.e-verify.gov/) or email E-Verify at [email protected]. E-Verify employer agents can email E-Verify at E- [email protected].

Questions about the meaning or scope of this condition should be directed to OJP, before award acceptance.

Condition 16
Encouragement of policies to ban text messaging while driving Pursuant to Executive Order 13513, "Federal Leadership on Reducing Text Messaging While Driving," 74 Fed. Reg. 51225 (October 1, 2009), DOJ encourages recipients and subrecipients ("subgrantees") to adopt and enforce policies banning employees from text messaging while driving any vehicle during the course of performing work funded by this award, and to establish workplace safety policies and conduct education, awareness, and other outreach to decrease crashes caused by distracted drivers.

Condition 17
Reclassification of various statutory provisions to a new Title 34 of the United States Code On September 1, 2017, various statutory provisions previously codified elsewhere in the U.S. Code were editorially reclassified (that is, moved and renumbered) to a new Title 34, entitled "Crime Control and Law Enforcement." The reclassification encompassed a number of statutory provisions pertinent to OJP awards (that is, OJP grants and cooperative agreements), including many provisions previously codified in Title 42 of the U.S. Code.

Effective as of September 1, 2017, any reference in this award document to a statutory provision that has been reclassified to the new Title 34 of the U.S. Code is to be read as a reference to that statutory provision as reclassified to Title 34. This rule of construction specifically includes references set out in award conditions, references set out in Page: 10 of 20
material incorporated by reference through award conditions, and references set out in other award requirements.

Condition 18
Restrictions and certifications regarding non-disclosure agreements and related matters No recipient or subrecipient ("subgrantee") under this award, or entity that receives a procurement contract or subcontract with any funds under this award, may require any employee or contractor to sign an internal confidentiality agreement or statement that prohibits or otherwise restricts, or purports to prohibit or restrict, the reporting (in accordance with law) of waste, fraud, or abuse to an investigative or law enforcement representative of a federal department or agency authorized to receive such information.

The foregoing is not intended, and shall not be understood by the agency making this award, to contravene requirements applicable to Standard Form 312 (which relates to classified information), Form 4414 (which relates to sensitive compartmented information), or any other form issued by a federal department or agency governing the nondisclosure of classified information.

1. In accepting this award, the recipient--
a. represents that it neither requires nor has required internal confidentiality agreements or statements from employees or contractors that currently prohibit or otherwise currently restrict (or purport to prohibit or restrict) employees or contractors from reporting waste, fraud, or abuse as described above; and b. certifies that, if it learns or is notified that it is or has been requiring its employees or contractors to execute agreements or statements that prohibit or otherwise restrict (or purport to prohibit or restrict), reporting of waste, fraud, or abuse as described above, it will immediately stop any further obligations of award funds, will provide prompt written notification to the federal agency making this award, and will resume (or permit resumption of) such obligations only if expressly authorized to do so by that agency.

2. If the recipient does or is authorized under this award to make subawards ("subgrants"), procurement contracts, or both--
a. it represents that--
(1) it has determined that no other entity that the recipient's application proposes may or will receive award funds (whether through a subaward ("subgrant"), procurement contract, or subcontract under a procurement contract) either requires or has required internal confidentiality agreements or statements from employees or contractors that currently prohibit or otherwise currently restrict (or purport to prohibit or restrict) employees or contractors from reporting waste, fraud, or abuse as described above; and
(2) it has made appropriate inquiry, or otherwise has an adequate factual basis, to support this representation; and b. it certifies that, if it learns or is notified that any subrecipient, contractor, or subcontractor entity that receives funds under this award is or has been requiring its employees or contractors to execute agreements or statements that prohibit or otherwise restrict (or purport to prohibit or restrict), reporting of waste, fraud, or abuse as described above, it will immediately stop any further obligations of award funds to or by that entity, will provide prompt written notification to the federal agency making this award, and will resume (or permit resumption of) such obligations only if expressly authorized to do so by that agency.

Condition 19
OJP Training Guiding Principles
Any training or training materials that the recipient -- or any subrecipient ("subgrantee") at any tier -- develops or delivers with OJP award funds must adhere to the OJP Training Guiding Principles for Grantees and Subgrantees, available at https://www.ojp.gov/funding/implement/training-guiding-principles-grantees-and-subgrantees.

Condition 20
Specific post-award approval required to use a noncompetitive approach in any procurement contract that would exceed $250,000
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The recipient, and any subrecipient ("subgrantee") at any tier, must comply with all applicable requirements to obtain specific advance approval to use a noncompetitive approach in any procurement contract that would exceed the Simplified Acquisition Threshold (currently, $250,000). This condition applies to agreements that -- for purposes of federal grants administrative requirements -- OJP considers a procurement "contract" (and therefore does not consider a subaward).

The details of the requirement for advance approval to use a noncompetitive approach in a procurement contract under an OJP award are posted on the OJP web site at https://ojp.gov/funding/Explore/NoncompetitiveProcurement.htm (Award condition: Specific post-award approval required to use a noncompetitive approach in a procurement contract (if contract would exceed $250,000)), and are incorporated by reference here.

Condition 21
Requirement to report potentially duplicative funding
If the recipient currently has other active awards of federal funds, or if the recipient receives any other award of federal funds during the period of performance for this award, the recipient promptly must determine whether funds from any of those other federal awards have been, are being, or are to be used (in whole or in part) for one or more of the identical cost items for which funds are provided under this award. If so, the recipient must promptly notify the DOJ awarding agency (OJP or OVW, as appropriate) in writing of the potential duplication, and, if so requested by the DOJ awarding agency, must seek a budget-modification or change-of-project-scope Grant Award Modification (GAM) to eliminate any inappropriate duplication of funding.

Condition 22
Required training for Grant Award Administrator and Financial Manager The Grant Award Administrator and all Financial Managers for this award must have successfully completed an "OJP financial management and grant administration training" by 120 days after the date of the recipient's acceptance of the award. Successful completion of such a training on or after January 1, 2021, will satisfy this condition.

In the event that either the Grant Award Administrator or a Financial Manager for this award changes during the period of performance, the new Grant Award Administrator or Financial Manager must have successfully completed an "OJP financial management and grant administration training" by 120 calendar days after the date the Entity Administrator enters updated Grant Award Administrator or Financial Manager information in JustGrants. Successful completion of such a training on or after January 1, 2021, will satisfy this condition.

A list of OJP trainings that OJP will consider "OJP financial management and grant administration training" for purposes of this condition is available at https://onlinegfmt.training.ojp.gov/. All trainings that satisfy this condition include a session on grant fraud prevention and detection.

The recipient should anticipate that OJP will immediately withhold ("freeze") award funds if the recipient fails to comply with this condition. The recipient's failure to comply also may lead OJP to impose additional appropriate conditions on this award.

Condition 23
Compliance with 41 U.S.C. 4712 (including prohibitions on reprisal; notice to employees) The recipient (and any subrecipient at any tier) must comply with, and is subject to, all applicable provisions of 41 U.S.C. 4712, including all applicable provisions that prohibit, under specified circumstances, discrimination against an employee as reprisal for the employee's disclosure of information related to gross mismanagement of a federal grant, a gross waste of federal funds, an abuse of authority relating to a federal grant, a substantial and specific danger to public health or safety, or a violation of law, rule, or regulation related to a federal grant.

The recipient also must inform its employees, in writing (and in the predominant native language of the workforce), of employee rights and remedies under 41 U.S.C. 4712.

Should a question arise as to the applicability of the provisions of 41 U.S.C. 4712 to this award, the recipient is to contact the DOJ awarding agency (OJP or OVW, as appropriate) for guidance.

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Condition 24
Requirements pertaining to prohibited conduct related to trafficking in persons (including reporting requirements and OJP authority to terminate award)
The recipient, and any subrecipient ("subgrantee") at any tier, must comply with all applicable requirements (including requirements to report allegations) pertaining to prohibited conduct related to the trafficking of persons, whether on the part of recipients, subrecipients ("subgrantees"), or individuals defined (for purposes of this condition) as "employees" of the recipient or of any subrecipient.

The details of the recipient's obligations related to prohibited conduct related to trafficking in persons are posted on the OJP web site at https://ojp.gov/funding/Explore/ProhibitedConduct-Trafficking.htm (Award condition: Prohibited conduct by recipients and subrecipients related to trafficking in persons (including reporting requirements and OJP authority to terminate award)), and are incorporated by reference here.

Condition 25
Potential imposition of additional requirements
The recipient agrees to comply with any additional requirements that may be imposed by the DOJ awarding agency (OJP or OVW, as appropriate) during the period of performance for this award, if the recipient is designated as "high- risk" for purposes of the DOJ high-risk grantee list.

Condition 26
Requirement to report actual or imminent breach of personally identifiable information (PII) The recipient (and any "subrecipient" at any tier) must have written procedures in place to respond in the event of an actual or imminent "breach" (OMB M-17-12) if it (or a subrecipient) -- (1) creates, collects, uses, processes, stores, maintains, disseminates, discloses, or disposes of "Personally Identifiable Information (PII)" (2 CFR 200.1) within the scope of an OJP grant-funded program or activity, or (2) uses or operates a "Federal information system" (OMB Circular A-130). The recipient's breach procedures must include a requirement to report actual or imminent breach of PII to an OJP Program Manager no later than 24 hours after an occurrence of an actual breach, or the detection of an imminent breach.

Condition 27
Requirements related to System for Award Management and Universal Identifier Requirements The recipient must comply with applicable requirements regarding the System for Award Management (SAM), currently accessible at https://www.sam.gov/. This includes applicable requirements regarding registration with SAM, as well as maintaining the currency of information in SAM.

The recipient also must comply with applicable restrictions on subawards ("subgrants") to first-tier subrecipients (first- tier "subgrantees"), including restrictions on subawards to entities that do not acquire and provide (to the recipient) the unique entity identifier required for SAM registration.

The details of the recipient's obligations related to SAM and to unique entity identifiers are posted on the OJP web site at https://ojp.gov/funding/Explore/SAM.htm (Award condition: System for Award Management (SAM) and Universal Identifier Requirements), and are incorporated by reference here.

This condition does not apply to an award to an individual who received the award as a natural person (i.e., unrelated to any business or non-profit organization that he or she may own or operate in his or her name).

Condition 28
Compliance with restrictions on the use of federal funds--prohibited and controlled equipment under OJP awards Consistent with Executive Order 14074, “Advancing Effective, Accountable Policing and Criminal Justice Practices To Enhance Public Trust and Public Safety,” OJP has prohibited the use of federal funds under this award for purchases or transfers of specified equipment by law enforcement agencies. In addition, OJP requires the recipient, and any Page: 13 of 20
subrecipient (“subgrantee”) at any tier, to put in place specified controls prior to using federal funds under this award to acquire or transfer any property identified on the “controlled equipment” list. The details of the requirement are posted on the OJP web site at https://www.ojp.gov/funding/explore/prohibited-and-controlled-equipment (Award condition:

Compliance with restrictions on the use of federal funds--prohibited and controlled equipment under OJP awards), and are incorporated by reference here.

Condition 29
Restrictions on "lobbying"
In general, as a matter of federal law, federal funds awarded by OJP may not be used by the recipient, or any subrecipient ("subgrantee") at any tier, either directly or indirectly, to support or oppose the enactment, repeal, modification, or adoption of any law, regulation, or policy, at any level of government. See 18 U.S.C. 1913. (There may be exceptions if an applicable federal statute specifically authorizes certain activities that otherwise would be barred by law.)
Another federal law generally prohibits federal funds awarded by OJP from being used by the recipient, or any subrecipient at any tier, to pay any person to influence (or attempt to influence) a federal agency, a Member of Congress, or Congress (or an official or employee of any of them) with respect to the awarding of a federal grant or cooperative agreement, subgrant, contract, subcontract, or loan, or with respect to actions such as renewing, extending, or modifying any such award. See 31 U.S.C. 1352. Certain exceptions to this law apply, including an exception that applies to Indian tribes and tribal organizations.

Should any question arise as to whether a particular use of federal funds by a recipient (or subrecipient) would or might fall within the scope of these prohibitions, the recipient is to contact OJP for guidance, and may not proceed without the express prior written approval of OJP.

Condition 30
All subawards ("subgrants") must have specific federal authorization The recipient, and any subrecipient ("subgrantee") at any tier, must comply with all applicable requirements for authorization of any subaward. This condition applies to agreements that -- for purposes of federal grants administrative requirements -- OJP considers a "subaward" (and therefore does not consider a procurement "contract").

The details of the requirement for authorization of any subaward are posted on the OJP web site at https://ojp.gov/ funding/Explore/SubawardAuthorization.htm (Award condition: All subawards ("subgrants") must have specific federal authorization), and are incorporated by reference here.

Condition 31
Compliance with DOJ regulations pertaining to civil rights and nondiscrimination - 28 C.F.R. Part 54 The recipient, and any subrecipient ("subgrantee") at any tier, must comply with all applicable requirements of 28 C.F.R. Part 54, which relates to nondiscrimination on the basis of sex in certain "education programs." Among other items, 28 C.F.R. § 54.140 contains notice requirements that covered recipients must follow regarding the dissemination of information regarding federal nondiscrimination requirements.

Condition 32
The recipient understands that, in accepting this award, the Authorized Representative declares and certifies, among other things, that he or she possesses the requisite legal authority to accept the award on behalf of the recipient entity and, in so doing, accepts (or adopts) all material requirements that relate to conduct throughout the period of performance under this award. The recipient further understands, and agrees, that it will not assign anyone to the role of Authorized Representative during the period of performance under the award without first ensuring that the individual has the requisite legal authority.

Condition 33
Verification and updating of recipient contact information Page: 14 of 20
The recipient must verify its Grant Award Administrator, Financial Manager, and Authorized Representative contact information in JustGrants, including telephone number and e-mail address. If any information is incorrect or has changed, the award recipient’s Entity Administrator must make changes to contact information through DIAMD.

Instructions on how to update contact information in JustGrants can be found at https://justicegrants.usdoj.gov/training/ training-entity-management.

Condition 34
The recipient agrees that no funds under this grant award (including via subcontract or subaward, at any tier) may be used for unmanned aircraft systems (UAS), which includes unmanned aircraft vehicles (UAV), or for any accompanying accessories to support UAS.

Condition 35
The recipient agrees to comply with OJP grant monitoring guidelines, protocols, and procedures, and to cooperate with BJA and OCFO on all grant monitoring requests, including requests related to desk reviews, enhanced programmatic desk reviews, and/or site visits. The recipient agrees to provide to BJA and OCFO all documentation necessary to complete monitoring tasks, including documentation related to any subawards made under this award. Further, the recipient agrees to abide by reasonable deadlines set by BJA and OCFO for providing the requested documents.

Failure to cooperate with BJA's/OCFO's grant monitoring activities may result in sanctions affecting the recipient's DOJ awards, including, but not limited to: withholdings and/or other restrictions on the recipient's access to grant funds; referral to the Office of the Inspector General for audit review; designation of the recipient as a DOJ High Risk grantee; or termination of an award(s).

Condition 36
The recipient agrees to submit to BJA for review and approval any product (e.g., curricula, training materials, publications, reports, videos, or any other written, web-based, or audio-visual, or other materials) that will be developed and published under this award at least thirty (30) working days prior to the targeted dissemination date. The current edition of the DOJ Grants Financial Guide provides guidance on allowable printing and publication activities. Any products developed under this award, (with the exception of press releases, web sites, and mobile applications), shall contain the following statements: “This project was supported by Grant No. <Award_Number> awarded by the Bureau of Justice Assistance, Office of Justice Programs, U.S. Department of Justice. Points of view or opinions in this document are those of the author and do not necessarily represent the official position or policies of the U.S.

Department of Justice." (Note: A separate disclaimer has been developed and is required for web sites and mobile applications. No disclaimer is required for press releases.) Condition 37
Body armor - compliance with NIJ standards and other requirements Ballistic-resistant and stab-resistant body armor purchased with award funds may be purchased at any threat level, make or model, from any distributor or manufacturer, as long as the body armor has been tested and found to comply with applicable National Institute of Justice ballistic or stab standards, and is listed on the NIJ Compliant Body Armor Model List. In addition, ballistic-resistant and stab-resistant body armor purchased must be made in the United States and must be uniquely fitted, as set forth in 34 U.S.C. 10202(c)(1)(A). The latest NIJ standard information and the NIJ Compliant Body Armor List may be found by following the links located on the NIJ Body Armor page: https://nij.ojp.gov/ topics/equipment-and-technology/body-armor. In addition, if recipient uses funds under this award to purchase body armor, the recipient is strongly encouraged to have a "mandatory wear" policy in effect. There are no requirements regarding the nature of the policy other than it be a mandatory wear policy for all uniformed officers while on duty.

Condition 38
Any Web site that is funded in whole or in part under this award must include the following statement on the home page, on all major entry pages (i.e., pages (exclusive of documents) whose primary purpose is to navigate the user to interior content), and on any pages from which a visitor may access or use a Web-based service, including any pages that provide results or outputs from the service: "This Web site is funded in whole or in part through a grant from the Bureau of Justice Assistance, Office of Justice Programs, U.S. Department of Justice. Neither the U.S. Department of Justice nor any of its components operate, control, are responsible for, or necessarily endorse, this Web site (including, without limitation, its content, technical infrastructure, and policies, and any services or tools provided)." The full text of the foregoing statement must be clearly visible on the home page. On other pages, the statement may be included Page: 15 of 20
through a link, entitled "Notice of Federal Funding and Federal Disclaimer," to the full text of the statement.

Condition 39
The recipient agrees to cooperate with any assessments, national evaluation efforts, or information or data collection requests, including, but not limited to, the provision of any information required for the assessment or evaluation of any activities within this project.

Condition 40
FFATA reporting: Subawards and executive compensation
The recipient must comply with applicable requirements to report first-tier subawards ("subgrants") of $30,000 or more and, in certain circumstances, to report the names and total compensation of the five most highly compensated executives of the recipient and first-tier subrecipients (first-tier "subgrantees") of award funds. The details of recipient obligations, which derive from the Federal Funding Accountability and Transparency Act of 2006 (FFATA), are posted on the OJP web site at https://ojp.gov/funding/Explore/FFATA.htm (Award condition: Reporting Subawards and Executive Compensation), and are incorporated by reference here.

This condition, including its reporting requirement, does not apply to-- (1) an award of less than $30,000, or (2) an award made to an individual who received the award as a natural person (i.e., unrelated to any business or non-profit organization that he or she may own or operate in his or her name).

Condition 41
Justification of consultant rate
Approval of this award does not indicate approval of any consultant rate in excess of $650 per day. A detailed justification must be submitted to and approved by the OJP program office prior to obligation or expenditure of such funds.

Condition 42
Applicants must ensure that Limited English Proficiency persons have meaningful access to the services under this program(s). National origin discrimination includes discrimination on the basis of limited English proficiency (LEP). To ensure compliance with Title VI and the Safe Streets Act, recipients are required to take reasonable steps to ensure that LEP persons have meaningful access to their programs. Meaningful access may entail providing language assistance services, including oral and written translation when necessary. The U.S. Department of Justice has issued guidance for grantees to help them comply with Title VI requirements. The guidance document can be accessed on the Internet at www.lep.gov.

Condition 43
JMHCP Planning Phase: The recipient may incur obligations, expend, and draw down funds in an amount not to exceed $100,000 for the sole purpose of completing the required planning phase during which it must develop a Planning and Implementation Guide. The grantee is not authorized to incur any additional obligations, make any additional expenditures, or drawdown any additional funds until BJA has reviewed and approved the grant recipient's completed Planning and Implementation Guide, reviewed and approved a signed MOU between the applicant and its behavioral health partner, and has issued an Award Condition Modification (ACM) removing this condition.

Condition 44
To the extent that direct services will be provided to participants as a component of the JMHCP project, grant funds must be used to support a target population that includes adults who: 1) have been diagnosed as having MI or CMISA or manifest obvious signs of MI or CMISA during arrest or confinement or before any court; 2) have been unanimously approved for participation in a program funded under this award by (as appropriate) the relevant prosecuting attorney, defense attorney, probation or corrections official, judge, and a representative from the relevant mental health agency, and having been determined by each of these relevant individuals to not pose a risk of violence to any person in the program, or the public; and 3) have not been charged with or convicted of any sex offense (as defined at 34 U.S.C. ?2 0911) or any offense relating to the sexual exploitation of children, or murder or assault with intent to commit murder.

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Condition 45
A match of 20% is required for years 1&2 combined. Match may be met through any combination of percentage between years 1 & 2 as long as the combined total for both years is 20%. Recipient understands that significant project delays (over 90 days) may lead to increases in the required cost match, pursuant to 34 USC 10651(d), and agrees to cooperate with BJA on any budget revisions that may be necessary, particularly following such significant project delays. Recipient further understands that the required match set forth in the proposed budget and any budget revisions will be reviewed in accordance with statutory requirements, leading to a total match amount for which the recipient will be responsible. The recipient understands they will be required to meet the total match amount as outlined in approved budget by project period end date.

Condition 46
Limit on use of grant funds for grantees' employees' salaries With respect to this award, federal funds may not be used to pay cash compensation (salary plus bonuses) to any employee of the award recipient at a rate that exceeds 110% of the maximum annual salary payable to a member of the federal government's Senior Executive Service (SES) at an agency with a Certified SES Performance Appraisal System for that year. (An award recipient may compensate an employee at a higher rate, provided the amount in excess of this compensation limitation is paid with non-federal funds.) This limitation on compensation rates allowable under this award may be waived on an individual basis at the discretion of the OJP official indicated in the program announcement under which this award is made.

Condition 47
Recipient integrity and performance matters: Requirement to report information on certain civil, criminal, and administrative proceedings to SAM and FAPIIS
The recipient must comply with any and all applicable requirements regarding reporting of information on civil, criminal, and administrative proceedings connected with (or connected to the performance of) either this OJP award or any other grant, cooperative agreement, or procurement contract from the federal government. Under certain circumstances, recipients of OJP awards are required to report information about such proceedings, through the federal System for Award Management (known as "SAM"), to the designated federal integrity and performance system (currently, "FAPIIS").

The details of recipient obligations regarding the required reporting (and updating) of information on certain civil, criminal, and administrative proceedings to the federal designated integrity and performance system (currently, "FAPIIS") within SAM are posted on the OJP web site at https://ojp.gov/funding/FAPIIS.htm (Award condition:

Recipient Integrity and Performance Matters, including Recipient Reporting to FAPIIS), and are incorporated by reference here.

Condition 48
Confidentiality of data
The recipient (and any subrecipient at any tier) must comply with all confidentiality requirements of 34 U.S.C. 10231 and 28 C.F.R. Part 22 that are applicable to collection, use, and revelation of data or information. The recipient further agrees, as a condition of award approval, to submit a Privacy Certificate that is in accord with requirements of 28 C.F.R. Part 22 and, in particular, 28 C.F.R. 22.23.

Condition 49
Justice Information Sharing
Information sharing projects funded under this award must comply with DOJ's Global Justice Information Sharing Initiative (Global) guidelines. The recipient (and any subrecipient at any tier) must conform to the Global Standards Package (GSP) and all constituent elements, where applicable, as described at: https:/ / it.ojp.gov/ gsp_grantcondition.

The recipient (and any subrecipient at any tier) must document planned approaches to information sharing and describe compliance with the GSP and appropriate privacy policy that protects shared information, or provide detailed justification for why an alternative approach is recommended.

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Condition 50
Protection of human research subjects
The recipient (and any subrecipient at any tier) must comply with the requirements of 28 C.F.R. Part 46 and all OJP policies and procedures regarding the protection of human research subjects, including obtainment of Institutional Review Board approval, if appropriate, and subject informed consent.

Condition 51
Required monitoring of subawards
The recipient must monitor subawards under this award in accordance with all applicable statutes, regulations, award conditions, and the DOJ Grants Financial Guide, and must include the applicable conditions of this award in any subaward. Among other things, the recipient is responsible for oversight of subrecipient spending and monitoring of specific outcomes and benefits attributable to use of award funds by subrecipients. The recipient agrees to submit, upon request, documentation of its policies and procedures for monitoring of subawards under this award.

Condition 52
The recipient's budget (and budget narrative) is pending clearance by OJP.

Prior to budget clearance (and unless there is a more restrictive condition on this award, in which case the terms of that more restrictive condition apply): The recipient may not drawdown more than 10% of the award. Pre-clearance obligations, expenditures, and drawdowns may be disallowed if not in compliance with program requirements.

The recipient should be judicious in using award funds prior to budget clearance. Generally, OJP expects that recipients (depending on the specific project scope) may need to advertise for award-funded positions, pay personnel and fringe benefits for positions budgeted under the award, plan for project activities, attend training and pay training- related travel needed to begin the project, and engage in other limited activities conducted by recipient staff (i.e., generally not requiring a subaward or procurement contract under an award).

OJP will issue an Award Condition Modification upon budget clearance. [X] I have read and understand the information presented in this section of the Federal Award Instrument.

Award Acceptance
Declaration and Certification to the U.S. Department of Justice as to Acceptance By checking the declaration and certification box below, I-- A. Declare to the U.S. Department of Justice (DOJ), under penalty of perjury, that I have authority to make this declaration and certification on behalf of the applicant.

B. Certify to DOJ, under penalty of perjury, on behalf of myself and the applicant, to the best of my knowledge and belief, that the following are true as of the date of this award acceptance: (1) I have conducted or there was conducted (including by applicant’s legal counsel as appropriate and made available to me) a diligent review of all terms and conditions of, and all supporting materials submitted in connection with, this award, including any assurances and certifications (including anything submitted in connection therewith by a person on behalf of the applicant before, after, or at the time of the application submission and any materials that accompany this acceptance and certification); and (2) I have the legal authority to accept this award on behalf of the applicant.

C. Accept this award on behalf of the applicant.

D. Declare the following to DOJ, under penalty of perjury, on behalf of myself and the applicant: (1) I understand that, in taking (or not taking) any action pursuant to this declaration and certification, DOJ will rely upon this declaration and certification as a material representation; and (2) I understand that any materially false, fictitious, or fraudulent Page: 18 of 20
information or statement in this declaration and certification (or concealment or omission of a material fact as to either) may be the subject of criminal prosecution (including under 18 U.S.C. §§ 1001 and/or 1621, and/or 34 U.S.C. §§ 10271-10273), and also may subject me and the applicant to civil penalties and administrative remedies under the federal False Claims Act (including under 31 U.S.C. §§ 3729-3730 and/or §§ 3801-3812) or otherwise.

Agency Approval
Title of Approving Official
Acting Assistant Attorney General
Name of Approving Official
Brent J. Cohen
Signed Date And Time
9/22/24 1:31 PM
Authorized Representative
[X]
Entity Acceptance
Title of Authorized Entity Official
Interim Police Chief
Name of Authorized Entity Official
Jason Ta
Signed Date And Time
10/8/2024 7:40 PM

Page: 19 of 20
Page: 20 of 20

ACTION ITEM 9.A.

DATE: February 11, 2025
TO: Mayor and Members of the City Council
FROM: Kristin Pollot, AICP, Planning and Development Services Director SUBJECT: INTRODUCTION OF AN ORDINANCE AMENDING CHAPTERS 16.203-MIXED USE DISTRICTS, 16.204-COMMERCIAL DISTRICTS, 16.212-HILLSIDE DEVELOPMENT STANDARDS, 16.301-USE STANDARDS TABLE, 16.508-OFF-STREET PARKING AND LOADING, AND 16.701-LAND USE TERMS AND DEFINITIONS IN TITLE 16 OF THE

VALLEJO MUNICIPAL CODE

RECOMMENDATION
Introduction of an Ordinance amending Chapters 16.203-Mixed Use Districts, 16.204-Commercial Districts,

16.212-Hillside Development Standards, 16.301-Use Standards Table, 16.508-Off-Street Parking and Loading, and 16.701-Land Use Terms and Definitions in Title 16 of the Vallejo Municipal Code.

REASONS FOR RECOMMENDATION
On November 18, 2024, the Planning Commission voted 4-0, with three commission members absent, to adopt a resolution recommending that the City Council adopt the proposed amendments related to the City's Zoning Code. These amendments serve to clarify language and correct errors in the Zoning Code. There are no substantive changes proposed.

BACKGROUND AND DISCUSSION
On June 7, 2021, following an almost two-year process, the City Council adopted a comprehensive update of the Zoning Code. The action taken by City Council included a repeal of the old Zoning Code and replacement with an entirely new version, as well as adoption of a new Zoning Map and related amendments to existing Specific Plans to ensure consistency among all development regulations.

Zoning Codes are used by cities to implement the vision and policies of their General Plan. Through the course of day-to-day interaction with, and administration of the new Zoning Code, Planning staff is recommending various text amendments to make it easier to use. The proposed amendments (as further described below) reflect the first phase of clean-up amendments that staff has deemed a priority. As part of its work plan for the Fiscal Year 2024-2025, staff anticipates returning to the Planning Commission and City Council with additional recommended amendments in mid-2025.

On November 18, 2024, after opening a duly noticed public hearing, the Planning Commission approved a resolution recommending adoption of the proposed Zoning Code amendments to the City Council. Following that recommendation, staff is proposing to eliminate proposed amendments related to the 'Personal Services' land use category and to the definition of "lot line."

PROJECT DESCRIPTION

The proposed amendments to the Zoning Code consist of clarifications and corrections to the following Chapters/Sections/Tables:
• 16.203 - Mixed-Use Districts

Date: February 11, 2025
Subject: INTRODUCTION OF AN ORDINANCE AMENDING CHAPTERS 16.203-MIXED USE DISTRICTS, 16.204-COMMERCIAL DISTRICTS, 16.212-HILLSIDE DEVELOPMENT STANDARDS, 16.301-USE STANDARDS TABLE, 16.508-OFF-STREET PARKING AND LOADING, AND 16.701-LAND USE TERMS AND DEFINITIONS IN TITLE 16 OF THE

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• 16.204 - Commercial Districts
• 16.212 - Hillside Development Standards
• 16.301 - Use Standards Table
• 16.508 - Off-Street Parking and Loading
• 16.701 - Land Use Terms and Definitions

Attached to this report is a draft ordinance for the Council’s consideration. Attachment A of that Ordinance includes all the exact changes proposed, with strikeout for portions proposed to be removed and bold italic for added text in the various code sections. A summary of the amendments proposed, grouped by section, is included below.

Chapter 16.203 - Mixed-Use Districts
Existing Section 16.203.02, “Development regulations,” subsections B through H, are proposed to be relocated to follow Table 16.203-A: “Development Standards: Mixed-Use Districts,” so that the regulations can be more appropriately combined with the other development regulations contained in Section 16.203.03. This adjustment makes the chapter more consistent with the formatting and style of the Residential and Commercial base district chapters. In addition, the references located in the fourth column of Table 16.203-A are proposed to be relocated to the “Additional Standards” section rows at the end of the Table, also more consistent with the other base district chapters.

The “build-to line” requirements in Section 16.203.02.B are proposed to be relocated to Section 16.203.03.P and revised to clarify that they are applicable to the Downtown Mixed Use (DMX) zone only, consistent with the Downtown Vallejo Specific Plan. Staff has also added a definition of the term “build-to line” to Section

16.701, “Land Use Terms and Definitions” (see below for more details). Other text deletions in this section have been proposed to avoid repetition and redundancy across chapters within the Code.

Chapter 16.204 - Commercial Districts
Table 16.204-A is proposed to be modified in a similar manner to Table 16.203-A for greater clarity and to eliminate redundancy.

Section 16.204.02.H is proposed to be modified as shown below to allow greater flexibility of design and because residential development is not a requirement for every project in these districts (as implied by the second sentence, proposed for deletion):

“Upper Story Limitations. For the RC and CC Zoning Districts, the maximum allowable number of stories shall not exceed three within fifty feet of an RLD District. All floors above the third story in the CC District shall contain only residential uses and shall be set back a minimum of ten feet from the story below.”

Chapter 16.212 - Hillside Development Standards
There are two existing methods of calculating slope in this Chapter: 1) the Basic Method (rise over run), and 2) the Contour Method. In conversations with the State Department of Housing and Community Development (HCD), staff has been informed that having two methods adds impermissible discretion to the residential permit process which is contrary to State Housing Law and may serve to inhibit housing production. Staff, therefore, is proposing to eliminate the Basic Method in favor of the Contour Method, which is the more accurate calculation.

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Two additional changes have been proposed to allow for slope stability grading in certain areas if determined necessary by the City Engineer or Public Works Director.

Chapter 16.301 – Land Use Regulations (Table 16.301-A)
Very minor edits are proposed to eliminate references to Note No. 27, which was published as an empty cell.

This is a cleanup of a typographical or printing error.

Chapter 16.508 - Off-Street Parking and Loading
Subsection 16.508.07.F is proposed for deletion because it includes limitations on the location of parking areas which are in direct conflict with limitations set forth earlier in the same Chapter (see Sections

16.508.07.A-C). Deleting subsection F will eliminate this confusion. Although Subsection F includes some non- conflicting provisions, those regulations are included in, and their compliance would be achieved through, other sections in the Zoning Code, specifically:
• 16.508.02.B (“Separate Parking and Loading Spaces”)
• 16.202.04.A.5 (“Additional Development Standards — RMD and RHD Districts, Parking Setbacks) • 16.203.03 H.b (Mixed Use Districts – Building Orientation and Entrances) • New Section 16.203.03.Q (Mixed Use Districts – Required Setbacks for Residential Uses)

Chapter 16.701 - Land Use Terms and Definitions
The following land use terms used are proposed to be added to Chapter 16.701, in order to clarify existing terminology in the Zoning Cde that lacks definition:

“Blank wall.” An undifferentiated exterior building wall with no openings, generally constructed of a single material and uniform texture on a single plane

“Build-to line.” The maximum distance that is required between a building or building feature and a property line.

“Parking Module.” One access aisle servicing a row of parking on each side of the aisle.

GENERAL PLAN AND ZONING CODE COMPLIANCE
I. General Plan and applicable Specific Plans

The proposed amendments are consistent with the General Plan, particularly as they relate to General Plan Action NBE-2.1A, which states: “Use the development review process, as appropriate, to facilitate attractive, creative development.” In addition, the proposed amendments fulfill Action EET-2.2A: “Update City regulations to streamline project review as feasible for businesses that meet the City’s economic development and workforce support objective.” The proposed amendments are consistent with the Sonoma Boulevard Specific Plan, specifically within the areas designated in the Zoning Code as Central Commercial Corridor (CC), in that the amendments clarify language in the development standards applicable to that district. The proposed amendments are consistent with Chapter 9, "Development Standards", of the Downtown Vallejo Specific Plan, specifically adding the definition of “build-to line,” which is a term used in the Downtown Vallejo Specific Plan for development within the Downtown area. Further, the proposed amendments do not include any substantive Date: February 11, 2025
Subject: INTRODUCTION OF AN ORDINANCE AMENDING CHAPTERS 16.203-MIXED USE DISTRICTS, 16.204-COMMERCIAL DISTRICTS, 16.212-HILLSIDE DEVELOPMENT STANDARDS, 16.301-USE STANDARDS TABLE, 16.508-OFF-STREET PARKING AND LOADING, AND 16.701-LAND USE TERMS AND DEFINITIONS IN TITLE 16 OF THE

VALLEJO MUNICIPAL CODE

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changes that would be inconsistent with either the General Plan or any applicable Specific Plan.

II. Zoning Code Compliance

The Vallejo Municipal Code (VMC) Chapter 16.611 provides a procedure for facilitating Zoning Text Amendments. The City, acting as a qualified applicant, has proposed the amendments in order to improve, clarify and/or correct minor text issues that have been found in the zoning code since the new code was adopted in 2021. In accordance with VMC Section 16.611.02.D, the Planning Commission held a public hearing on November 18, 2024, and made a recommendation that the City Council adopt the proposed amendments in their entirety, as presented at that hearing (see Planning Commission Resolution 24-12, attached).

Required Findings
VMC Chapter 16.611.03 states that the Planning Commission shall not recommend, and the City Council shall not approve, a Zoning Amendment unless it makes the following findings:

1. The ordinance amendment is consistent in principle with the general plan and any applicable specific plan; and

2. The ordinance amendment is consistent with the purpose of the Zoning Code to promote the growth of the city in an orderly manner and to promote and protect the public health, safety, and general welfare.

STAFF ANALYSIS
Staff believes that the Council can make the required findings (as listed above and detailed in the ordinance recitals). The proposed amendments are consistent with the General Plan and applicable specific plans, as described in the Code Compliance section above. The proposed amendments are also consistent with the purpose and intent of the Zoning Code in that the amendments would serve to correct errors and clarify policy, thereby helping the community, staff, and decision makers understand the code better and apply more consistent interpretations. More consistent and predictable code interpretations would help to minimize processing delays and effectuate more orderly development through a more timely development review process. In addition, there are no changes proposed that would be counterproductive to the protection of public health, safety and welfare.

Public Comments
Since the November 18, 2024, Planning Commission adoption of the Resolution recommending approval of the proposed amendments, no new comments have been received (as of the writing of this staff report).

FISCAL IMPACT
The project as described and recommended by the Planning Commission is not anticipated to have any foreseeable fiscal impact.

ENVIRONMENTAL REVIEW
The project is exempt from environmental review pursuant to California Environmental Quality Act (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.

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ATTACHMENTS

1. Ordinance Amending Title 16_CAO Stamp

2. Ordinance Amending Title 16 - Exhibit A

3. PC Resolution No. 24-12

4. PC Resolution No. 24-12 - Exhibit A

CONTACT
Kristin Pollot, Community & Development Services Director (707) 648-4283 [email protected]

1 ORDINANCE NO. ______N.C. (2d)

AN ORDINANCE OF THE CITY OF VALLEJO
AMENDING TITLE 16 OF THE VALLEJO MUNICIPAL CODE (ZONING CODE) RELATED TO 16.203-MIXED-USE DISTRICTS, 16.204-COMMERCIAL DISTRICTS,

16.212-HILLSIDE DEVELOPMENT STANDARDS, 16.301- USE STANDARDS TABLE,

16.508-OFF-STREET PARKING AND LOADING, 16.701-LAND USE TERMS AND

DEFINITIONS
WHEREAS, on August 29, 2017, the City Council certified the Final Environment Impact Report (FEIR) for General Plan 2040 and adopted the General Plan 2040; and WHEREAS, on June 7, 2021, the City Council adopted a Revised Mitigated Negative Declaration and Mitigation Monitoring and Reporting Program for the comprehensive update of Title 16 of the Vallejo Municipal Code (Zoning Code) to implement the General Plan 2040; and WHEREAS, on June 22, 2021, the City Council approved the new Zoning Code and repealed the former code in its entirety; and
WHEREAS, the current proposed Zoning Code Amendments were initiated by City Staff in 2024, in order to facilitate non-substantive clarifications and corrections to the Zoning Code, as a first phase of a larger code “clean-up” project; and
WHEREAS, the overarching objectives of the proposed Zoning Code amendments are to: 1) ensure that the Zoning Code is internally consistent; 2) ensure implementation of the policies and objectives of the General Plan 2040; and 3) clarify the code language to clearly guide future development and design throughout the City; and
WHEREAS, the proposed Zoning Code amendments include amending the following portions of Title 16:
• 16.203 - Mixed-Use Districts
• 16.204 - Commercial Districts
• 16.212 - Hillside Development Standards
• 16.301 - Use Standards Table
• 16.508 - Off-Street Parking and Loading
• 16.701 - Land Use Terms and Definitions
(the “Project”); and
WHEREAS, in accordance with the Vallejo Municipal Code Chapter 16.611, any proposed amendments to the Zoning Code must first be reviewed and recommended by the Planning 2 Commission at a duly noticed public hearing prior to being considered for adoption by the City Council; and
WHEREAS, on September 30, 2024, notice of a public hearing before the Planning Commission was published in the Vallejo Times Herald and posted at City Hall; and WHEREAS, on October 21, 2024, the Planning Commission opened a duly noticed public hearing and continued the hearing to November 18, 2024; and
WHEREAS, on November 18, 2024, the Planning Commission held the public hearing, during which staff presented their report, and all interested persons had an opportunity to be heard; and WHEREAS, the Planning Commission did consider and by resolution recommend that the City Council find that the Project 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; and
WHEREAS, the Planning Commission did consider and recommend the City Council adopt the Project; and
WHEREAS, on January 22, 2025, a Notice to Hold a Public Hearing on February 11, 2025 on the Project, was published in the Times Herald, a newspaper of local circulation; and WHEREAS, on February 11, 2025, the City Council held a duly noticed public hearing on the Project, during which staff of the Planning and Development Services Department presented its report and all interested persons had an opportunity to be heard; and WHEREAS, the City Council considered all public comments and evidence, both written and oral, provided at the public hearing, as well as other documents contained in the record of proceedings relating to the Project.

WHEREAS, the Record of Proceedings (“Record”) upon which the City Council bases its action includes, but is not limited to: (1) the staff reports, City files and records and other documents, prepared for and/or submitted to the City relating to the Project; (2) the evidence, facts, findings and other determinations set forth in this resolution; (3) the City of Vallejo General Plan and its related EIR, and the Vallejo Municipal Code; (4) all documentary and oral evidence received at public hearings, for the Project; and (5) all other matters of common knowledge to the City decision maker including, but not limited to, City, state, and federal laws, policies, rules, regulations, reports, records and projections related to development within the City of Vallejo and its surrounding areas; and
WHEREAS, the location and custodian of the Record is the Planning and Development Services Department, 555 Santa Clara Street, Vallejo, California 94590; and 3 WHEREAS, on February 11, 2025, the City Council introduced an Ordinance approving the amendments to the Zoning Code.

NOW THEREFORE THE CITY COUNCIL DOES ORDAIN AS FOLLOWS:

Section 1. All of the facts set forth in the Recitals are true and correct and are hereby incorporated and adopted as findings of the City Council as if fully set forth herein.

Section 2.Findings.

1. Adoption of the Ordinance is exempt from environmental review pursuant to California Environmental Quality Act (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. The Ordinance results in no physical changes whatsoever and merely clarifies the language of the Zoning Code and adopts consistency amendments to clearly guide future development and design throughout the City. This determination reflects the City Council’s independent judgment and analysis.

2. In accordance with Government Code Sections 65860, 65454 and 65455, the proposed amendments to the Zoning Code are consistent with the General Plan and the Mare Island Specific Plan, Solano 360 Specific Plan, Hiddenbrooke Specific Plan, Downtown Vallejo Specific Plan, White Slough Specific Plan, and Sonoma Boulevard Specific Plan. Per Section 16.611.03.A.1 of the Vallejo Municipal Code, the proposed amendments are consistent with the General Plan, particularly as they relate to General Plan Action NBE-

2.1A, which states: “Use the development review process, as appropriate, to facilitate attractive, creative development.” In addition, the proposed amendments fulfill Action EET-2.2A: “Update City regulations to streamline project review as feasible for businesses that meet the City’s economic development and workforce support objective.” The proposed amendments are consistent with the Sonoma Boulevard Specific Plan, specifically within the areas designated in the Zoning Code as Central Commercial Corridor (CC), in that the amendments clarify language in the development standards applicable to that district. The proposed amendments are consistent with Chapter 9, "Development Standards", of the Downtown Vallejo Specific Plan, specifically adding the definition of “build-to line,” which is a term used in the Downtown Vallejo Specific Plan for development within the Downtown area. Further, the proposed amendments do not include any substantive changes that would be inconsistent with either the General Plan or any applicable Specific Plan.

3. Per Section 16.611.03.A.2, the proposed amendments to the Zoning Code are consistent with the purpose of the Zoning Code to promote the growth of the city in an orderly manner and to promote and protect the public health, safety, and general welfare, in that consistent and predictable code interpretations will help to minimize processing delays and effectuate more orderly development through a more timely development review 4 process. In addition, there are no changes proposed that will be counterproductive to the protection of public health, safety and welfare.

Section 3.Zoning Text Amendment.

Based on the findings set forth herein and the Record as a whole, the City Council hereby approves and adopts the proposed Zoning Text Amendments in Exhibit A attached hereto and incorporated herein by reference.

Section 4. Typographical or Clerical Errors.

Any typographical or clerical errors in this Ordinance may be remedied by the City Attorney with the assistance of the City Clerk and shall not constitute an alteration.

Section 5. Severability.

If any section, subsection, sentence, clause, phrase, or word of this Ordinance is for any reason held to be invalid by a court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of this Ordinance. The City Council hereby declares that it would have passed and adopted this Ordinance, and each and all provisions hereof, irrespective of the fact that one or more sections, subsections, subdivisions, paragraphs, sentences, clauses, or phrases may be declared invalid. To this end, the provisions of this Ordinance are declared to be severable.

Section 6. Effective Date.

This Ordinance shall take effect and be in full force and effect from and after (30) days after its final passage.
“Exhibit A”
Note: In the following text, deletions are indicated with strikethrough and insertions are indicated with bold italic.

Chapter 16.203 MIXED-USE DISTRICTS

16.203.01 Purpose and applicability.

This chapter establishes the use regulations and site development standards for the mixed-use zoning districts. The purposes of the mixed-use districts are as follows:

NMX Neighborhood Mixed Use: The NMX Zoning District is intended to create and establish regulations for neighborhood-serving mixed-use areas along the primary commercial corridors of Tennessee Street, Solano Avenue, Springs Road, Broadway, Sonoma Boulevard as well as other areas. The neighborhood mixed-use areas include the primary commercial corridors such as Tennessee Street, Solano Avenue, Springs Road, Broadway, Sonoma Boulevard as well as other areas. Design and development standards will ensure that development at neighborhood nodes, as identified in the General Plan, is appropriately scaled to ensure the physical form relates to and does not overwhelm adjacent single-family residential neighborhoods.

DMX Downtown Mixed Use: The DMX Zoning District is intended to create and establish regulations to implement the Downtown Vallejo Specific Plan that will promote a vibrant, pedestrian-oriented place that seamlessly integrates Downtown with the waterfront. A broad range of permitted uses are allowed to provide flexibility in the use of space. Standards for physical form will create an urban character in Downtown, with minimal setbacks and views into ground floor space to activate frontages.

WMX Waterfront Mixed Use: The WMX Zoning District is intended to create and establish regulations for a waterfront mixed-use district that will allow waterfront shopping and services, and other activities and residential development implementing the Vallejo Waterfront and Vallejo Station Planned Development Master Plan (Waterfront PDMP). Design and development standards will create a pedestrian-oriented environment that is seamlessly integrates the waterfront with downtown. Public access to the shoreline must be provided where development is adjacent to the Mare Island Strait, as provided in state and consistent with the Bay Conservation Development Commission requirements.

16.203.02 Development regulations.

The Table below 16.203-A: Development Regulations: Mixed-use districts prescribes the development standards for the mixed-use districts. Additional regulations are listed in the right-hand column. Chapter numbers in this column refer to other chapters of the Zoning Code and individual letters refer to sections that directly follow the table. The numbers in each illustration below refer to corresponding regulations in the "Fig #" column in the table A. WMX Exceptions. The Waterfront PDMP supersedes these regulations in the event of a conflict unless preempted by state requirements.

B. Build-to Line. Buildings shall be constructed at the street frontage or required setback line (the "build- to" line) for at least sixty percent of the building frontage. At least two-thirds of the area between the building and lot line shall be paved so that it functions as a wider public sidewalk. This requirement may be modified or waived by the director upon finding that:

1. Substantial landscaping will be located between the build-to line and ground floor residential units to soften visual impact of buildings;

2. Entry courtyards, plazas, entries, or outdoor eating and display areas will be located between the build-to line and building, provided that the buildings will be built to the edge of the courtyard, plaza, or outdoor dining area; or
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3. The building will incorporate an alternative entrance design facing the street that conforms to adopted design guidelines.

C. Required Setbacks for Residential Uses.

1. Front Setbacks. Buildings that are entirely residential and portions of buildings with residential uses on the ground floor may be setback up to eight feet from the street lot line. The setback must be landscaped, but up to one third of the setback area can be hard surfaced for pedestrian or bicycle access. Vehicle access is not allowed through the setback unless the frontage provides the only access to the residential portion of the site.

2. Interior Side and Rear Setbacks. In order to provide light and air for residential units, the following minimum setbacks apply to any building wall containing windows for residential units and facing an interior side or rear setback area.
a. For any wall containing windows, a setback of at least five feet shall be provided. b. The required setbacks apply to that portion of the building wall containing a window and extending three feet on either side of the window.

D. Height Limitations and Exceptions. In order to encourage more development along corridors, regardless of district, however acknowledging and preserving existing single-family residential areas, a height limit and landscape buffer is proposed as follows:

1. Daylight Plane Required Adjacent to Residential Districts. Buildings shall not extend above a plane starting at twenty-five feet in height directly above the property line abutting any residentially- zoned parcel, or where there is an alley, the centerline of the alley, and from that point, extending in at a forty-five-degree angle from vertical toward the interior of the site. The twenty- five-foot height measurement shall be taken from the same reference grade as determined for the subject site pursuant to Chapter 16.104, Rules for Measurement.

2. Architectural Features. A parapet wall, cornice or sloping roof or solar energy system may project up to four feet above the height limit. Uninhabited roof structures that screen mechanical equipment and elevator penthouses are not included in the measurement of building height.

Mechanical equipment shall be integrated and architecturally designed to match the building and not visible from adjacent streets.

3. Corner projections. If the project site is on a corner site that is greater than fifteen thousand square feet, a tower or other projecting architectural elements may extend up to twelve feet above the top of a primary roof, provided that the square footage of the element(s) does not total more than fifteen percent of the building footprint. The area above the uppermost permitted floor of the element(s) shall not be habitable space. The composition of the tower element shall be balanced, where the width of the tower has a proportional relationship to the height of the tower.
a. The tower element shall be proportional to the rest of the building. b. The tower element shall not be stepped back more than one foot at any point. c. The maximum horizontal dimension of the tower element shall not exceed one hundred feet.
d. Fenestration at the base of the tower shall be greater than the top. e. The roof shall include architectural detailing, such as a cornice or eave.

4. Landscaped Buffer Required. A landscaped area at least four feet in width planted with evergreen shrubs shall be installed along the rear property line adjacent to any residential district to create Vallejo, California, Municipal Code

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a sound barrier and privacy screen. Shrubs shall be a minimum of five feet in height at planting time.

E. Wide Buildings. Any building over sixty feet wide shall be broken down to read as a series of buildings no wider than sixty feet each. Increases in the maximum building width and length may be approved through design review if recesses, offsets, or other architectural articulation modulate a "box-like" appearance.

F. Building Projections. The maximum width of any projection, including bay windows, is ten feet, and the total of all projections along a building face shall not be more than ten feet wide or twenty-five percent of the building frontage, whichever is greater.

G. Limitations on Location of On-site Parking. Parking may be located within forty feet of the street facing property line in accordance with the following standards.

1. Underground and Partially Submerged Parking. Parking completely or partially underground, shall match the setbacks of the main structure. The maximum height of a parking podium visible from a street shall be five feet from finished grade.

2. Surface Parking. Above ground surface parking may be located within forty feet of a street facing property line with the approval of a minor use permit when the director makes the following findings:
a. Buildings are close to the public sidewalk to the maximum extent feasible; b. The parking area is screened along the public right-of-way with a wall, hedge, trellis, and/or landscaping; and,
f. The site is small and constrained such that underground, partially submerged, or surface parking located more than forty feet from the street frontage is not feasible.

H. Residential Landscaping and Open Space. Where residential uses are provided, residential open space "outdoor living area" must be provided as common or private open space. Private areas consist of balconies, decks, patios, or fenced yards directly accessible from the residence. Common areas consist of landscaped areas, walks, patios, swimming pools, barbeque areas, playgrounds, turf, rooftop areas, or other such improvements as are appropriate to enhance the outdoor living environment of the development and landscaped courtyard entries that are oriented towards the public street.

28. Minimum Open Space. At least two hundred square feet of open space shall be provided for each unit in residential and mixed-use development. At least ten percent of the site shall be landscaped open space.
a. Private Open Space. Sixty square feet shall be private open space on balconies or decks. b. Common Open Space. For each unit, two hundred square feet of open space shall be provided, and spaces should be distributed throughout the site.

29. Minimum Dimensions.
a. Private Open Space. Private open space located on the ground level (e.g., yards, decks, or patios) shall have no horizontal dimension less than ten feet Private open space located above ground level (e.g., balconies) shall have no horizontal dimension less than six feet. b. Common Open Space. The minimum horizontal dimension is twenty feet.

30. Usability. A surface shall be provided that allows for outdoor living and/or recreation. Such surface may be any practicable combination of lawn, garden, flagstone, wood planking, concrete, or other serviceable, dust-free surfacing. The maximum slope shall not exceed ten percent.

1. Accessibility.

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Vallejo City CouncilFebruary 11, 2025

Vallejo City Council
February 11, 2025