HomeMy WebLinkAboutAgenda - Agenda Packets - Regular Meeting 5/3/2017
AGENDA
CITY COUNCIL – REGULAR MEETING
TUESDAY, MAY 3, 2022
6:30 PM OPEN SESSION
LIVE STREAM LINK: www.sanjacintoca.gov
COMMUNITY CENTER
625 S. Pico Avenue
San Jacinto, CA 92583
951-487-4339
City of San Jacinto Page 1 Updated 4/28/2022 5:01 PM
CRYSTAL RUIZ, MAYOR
PHIL AYALA, MAYOR PRO TEM
ALONSO LEDEZMA, COUNCILMEMBER
BRIAN HAWKINS, COUNCILMEMBER
MICHAEL HEATH, COUNCILMEMBER
This City Council meeting is being conducted in person and will be broadcast utilizing
Livestream video. The City Council meeting may be observed virtually by joining the link on the
City’s website.
Public Comments will only be accepted in person during the meeting or in writing to the
Deputy City Clerk. Participants viewing the Livestream will not have a comment option.
For those wishing to email public comments for the May 3, 2022, City Council meeting, please
submit your comments to be read aloud at the meeting by the City Clerk. Email comments to
Julia Espinoza at jespinoza@sanjacintoca.gov. Please put “PUBLIC COMMENT” in the email
subject line. Email comments on matters not on the agenda must be received before the time the
Mayor calls the item for Public Comments. Email comments on the agenda items must be
received before the time the Mayor closes public comments on the agenda item. All email
comments shall be subject to the same rules as would otherwise govern speaker comments at the
Council meeting. Electronic comments on agenda items for May 3, 2022, may only be submitted
via email. Comments via text and social media (Facebook, Twitter, etc.) will not be accepted.
Reading of Public Comments: The City Clerk will read all email comments, provided that the
reading shall not exceed three (3) minutes, or such other time as the Council may provide,
consistent with the time limit for speakers at a Council meeting. The email comments submitted
shall become part of the record of the Council meeting.
In compliance with the Americans with Disabilities Act, if you need special assistance to participate in this meeting, please contact the office
of the City Clerk at 951-487-7339. Notification 48 hours prior to a meeting will enable the City to make reasonable arrangements to ensure
accessibility to that meeting [28 CFR 35.102.35.104 ADA Title II].
City of San Jacinto Page 2 Updated 4/28/2022 5:01 PM
1. ORGANIZATION
1.1. Roll Call
1.2. Invocation
1.3. Pledge of Allegiance
1.4. Special Presentation(s)/Recognition(s)
1.4.1. Birth Choice Month Proclamation
1.5. Mayor / Council Member Reports / Discussions
1.6. Late Items
2. PUBLIC COMMENTS
3. CONSENT CALENDAR
3.A. Consent Calendar - City Council
3.A.1. Waiver of Full Reading of Ordinance(s), and Reading by Title Only
3.A.2. Minutes of the Regular City Council Meeting of April 19, 2022
RECOMMENDATION:
Staff recommends that City Council approve the minutes of the April 19,
2022, Regular City Council Meeting.
Department: City Clerk
3.A.3. Treasurer’s Report at March 31, 2022
RECOMMENDATION:
Staff recommends that the City Council receive and File the Treasurer’s
Report for the month ending March 31, 2022.
Department: Finance
3.A.4. Ordinance 22-05 Extending the Existing Franchise Granted to Southern California
Edison Company (“SCE”) to Transmit Electricity in the City and Determining the
Ordinances Exempt from the California Environmental Quality Act
RECOMMENDATION:
Staff recommends that the City Council approve Ordinance No. 22-05,
extending for one year the franchise granted to SCE.
Department: City Attorney
3.A.5. Subdivision Agreement for Public Improvement and Security for DR Horton
Tract 30379
RECOMMENDATION:
City of San Jacinto Page 3 Updated 4/28/2022 5:01 PM
Staff recommends that the City Council approve the Subdivision
Improvement Agreement for DR Horton Los Angeles Holding Company
(“Developer”) specific to Tract 30379 in substantially the form set forth in the
accompanying agreements, and authorize the City Manager to execute any
other documents necessary to implement said agreements.
Department: Engineering
3.A.6. Subdivision Agreement for Public Improvement and Security for DR Horton
Tract 32582
RECOMMENDATION:
Staff recommends that the City Council approve the Subdivision
Improvement Agreement for DR Horton Los Angeles Holding Company
(“Developer”) specific to Tract 32582 in substantially the form set forth in the
accompanying agreements, and authorize the City Manager to execute any
other documents necessary to implement said agreements.
Department: Engineering
3.A.7. SB-1 Resolution No. 3912, Adopting Fiscal Year 2022/23 Road Maintenance and
Rehabilitation Account (RMRA Projects)
RECOMMENDATION:
Staff recommends: 1) Adopt Resolution No. 3912, approving the list of
projects utilizing SB-1 Road Maintenance and Rehabilitation Account
(RMRA) funding for Fiscal Year 2022/23.
Department: Engineering
4. DISCUSSION ITEMS
4.1. Annual Financial Report, SAS 114 Report, and GAS Report for the Fiscal Year
Ended June 30, 2021
RECOMMENDATION:
Staff recommends that the City Council receive and file the Annual Financial
Report of the City of San Jacinto for the fiscal year ended June 30, 2021, as well
as the “SAS 114” Report, and the “GAS” Report.
Department: Finance
5. FUTURE REQUESTS FROM CITY COUNCIL TO STAFF
6. ADJOURNMENT
City of San Jacinto Page 4 Updated 4/28/2022 5:01 PM
DOCUMENTS RELATED TO OPEN SESSION AGENDAS (SB343) - Any public record, relating to an
open session agenda item, that is distributed within 72 hours prior to the meeting is available for public
inspection at the public counter located in the Administration Building of City Hall, 595 S. San Jacinto
Avenue, San Jacinto, CA 92583.
I, Julia Espinoza, Deputy City Clerk of the City of San Jacinto, do hereby certify that I caused to be posted
the foregoing agenda this 28th day of April 2022 as requested by law.
Julia Espinoza, Deputy City Clerk
Proclamation
OF THE CITY COUNCIL OF
THE CITY OF SAN JACINTO
Birth Choice Month
WHEREAS, On January 22, 1973, the U.S. Supreme Court issued their Roe
v. Wade decision, which found a constitutional privacy right effectively
legalizing abortion in all 50 states; and
WHEREAS, Since Roe v. Wade, over 63 million unborn children have been
killed by abortion in the United States; and
WHEREAS, Organizations such as Birth Choice Centers exist to offer
support for people facing pregnancy, parenting, and reproductive health
concerns; and
WHEREAS, Citizens of San Jacinto, through Birth Choice Centers and
others, have resources that provide complete, accurate information, free
pregnancy testing, client care coaches, and state-of-the-art ultrasound services
to women and couples who are making decisions about unintended pregnancies;
and
WHEREAS, these community resources equip patients to make empowered
and informed decisions; and
1.4.1.a
Packet Pg. 6 Attachment: Birth Choice Month - May 2022 (Birth Choice Month Proclamation)
WHEREAS, Birth Choice Centers and similar organizations serve clients
without regard to age, race, income, nationality, religious affiliation, disability ,
or other arbitrary circumstances; and
WHEREAS, through love and support for our fellow citizens, there can be
an end to abortion.
NOW, THEREFORE, on this 3rd day of May 2022, the City Council of San
Jacinto does hereby proclaim the Month of May as Birth Choice Month, and does
hereby urge all individuals to reflect on an end to abortion and for birth choice
options for all.
Dated this 3rd day of May, 2022
______________________
Crystal Ruiz, Mayor
__________________________ ____________________________
Phil Ayala, Mayor Pro Tem Brian Hawkins, Councilmember
___________________________ ____________________________
Alonso Ledezma, Councilmember Michael Heath, Councilmember
1.4.1.a
Packet Pg. 7 Attachment: Birth Choice Month - May 2022 (Birth Choice Month Proclamation)
May 3, 2022
TO: City Council
REQUESTED BY: Julia Espinoza, Deputy City Clerk
APPROVED BY: Robert A. Johnson, City Manager
SUBJECT: Minutes of the Regular City Council Meeting of April 19, 2022
RECOMMENDATION:
Staff recommends that City Council approve the minutes of the April 19, 2022, Regular City
Council Meeting.
ATTACHMENTS:
April 19, 2022 Regular Meeting Minutes
3.A.2
Packet Pg. 8
ACTION MINUTES
CITY COUNCIL – REGULAR MEETING
TUESDAY, APRIL 19, 2022
6:30 PM OPEN SESSION
PUBLIC TELECONFERENCE NUMBER
(951) 465-7684, Conference ID #: 787 506 82#
LIVE STREAM LINK: www.sanjacintoca.gov
COMMUNITY CENTER
625 S. PICO AVENUE
SAN JACINTO, CA 92583
951-487-7330
1. ORGANIZATION
Mayor Crystal Ruiz called the meeting to order at 6:30 pm.
1.1 Roll Call
Deputy City Clerk Julia Espinoza conducted the roll call:
Present in person: Mayor Crystal Ruiz, Councilmember Brian Hawkins, and
Councilmember Michael Heath
Teleconferenced in: Mayor Pro Tem Phil Ayala
1.2 Invocation
Councilmember Hawkins gave the invocation.
1.3 Pledge of Allegiance
Councilmember Heath led the Pledge of Allegiance.
1.4 Special Presentation(s)
There were no special presentations
Councilmember Alonso Ledezma arrived to the meeting at 6:42 p.m.
CRYSTAL RUIZ, MAYOR
PHIL AYALA, MAYOR PRO TEM
ALONSO LEDEZMA, COUNCILMEMBER
BRIAN HAWKINS, COUNCILMEMBER
MICHAEL HEATH, COUNCILMEMBER
3.A.2.a
Packet Pg. 9 Attachment: April 19, 2022 Regular Meeting Minutes (Minutes of the Regular City Council Meeting of April 19, 2022)
1.5 Mayor/Council Member Reports
Councilmembers provided their reports.
1.6 Late Items
There were no late items.
2. PUBLIC COMMENTS
There was one public comment:
Scott Wright
3. CONSENT CALENDAR
3. A. Consent Calendar – City Council
3.A.1. Waiver of Full Reading of Ordinance(s), and Reading b y Title Onl y
3.A.2. Minutes of the April 5, 2022, Regular Meeting/City Clerk/Approved
3.A.3. Minutes of the Special City Council Meeting of April 7, 2022/City
Clerk/Approve
3.A.4. Warrants and Disbursements – March 2022/Finance/Approved
3.A.5. Levying a Special Tax within Community Facilities District 2003-1,
including certain annexation territory (Annexation No.
62)/Finance/Approved
3.A.6. Second Reading of Ordinance 22-03, Authorizing the levy of Special Tax
in Community Facilities District No. 2020-1/Finance/Approved
3.A.7. Approval of Power Charge Indifference Adjustment Voluntary Allocation
of Long-Term Renewable Energy Portfolio from Southern California
Edison and Authorization to Execute the Voluntary Allocation Agreement
on behalf of San Jacinto Power/Finance/Approved
3.A.8. Support EMWD's Request for STAG funding, Well 27/City
Manager/Approved
3.A.9. AB 2440 (Irwin) Responsible Battery Recycling Act of 2022 – Support
Letter/City Manager/Approved
3.A.10. Full Local Street Closure of Cawston Avenue, and 4-phase closure of
Sanderson Avenue/Esplanade for construction of EMWD San Jacinto
Valley Raw Water Pipeline/Engineering/Approved
3.A.2.a
Packet Pg. 10 Attachment: April 19, 2022 Regular Meeting Minutes (Minutes of the Regular City Council Meeting of April 19, 2022)
M/S/C (Hawkins/Heath) moved to approve the Consent Calendar. Motion
carried 5/0.
Ayes: Heath, Ayala, Ruiz, Hawkins, Ledezma
Nays: None
Absent: None
Abstain: None
4. DISCUSSION ITEMS
4.1 An Urgency Ordinance and A Non-Urgency Ordinance Extending the Existing
Franchise Granted to Southern California Edison Company ("SCE") to
Transmit Electricity in the City and Determining the Ordinances Exempt
from the California Environmental Quality Act
City Attorney Michael J. Maurer presented the staff report.
M/S/C (Ledezma/Hawkins) made a motion to 1) adopt Ordinance No. 22-04,
an urgency ordinance extending for one year the franchise granted to SCE;
and 2) approve the introduction of Ordinance No. 22 -05, extending for one
year the franchise granted to SCE, for one year. Motion carried 5/0.
Ayes: Ruiz, Heath, Ayala, Hawkins, Ledezma
Nays: None
Absent: None
Abstain: None
4.2 Direction to the City Manager Regarding Potential Civic Center Development
City Manager Robert Johnson presented the staff report.
M/S/C (Ruiz/Ledezma) made a motion to move forward with preparing a
conceptual design, financing options, and a schedule of development, which
would be returned to the City Council for further direction. Motion carried 5/0.
Ayes: Ledezma. Hawkins, Heath, Ayala, Ruiz
Nays: None
Absent: None
Abstain: None
4.3 2022 City of San Jacinto Special Events Update
Economic Development and Special Project Administrator Tara Magner presented
the staff report.
Council received and filed the upcoming City-sponsored special events.
5. CITY MANAGER UPDATE
• Community Development - Department Overview
3.A.2.a
Packet Pg. 11 Attachment: April 19, 2022 Regular Meeting Minutes (Minutes of the Regular City Council Meeting of April 19, 2022)
• Planning Division
• Building and Safety Division
• Code Enforcement Division
• Department of Public Utilities – Street Division
• Department of Public Utilities – Street Division- Fitness court
• Department of Public Utilities – Parks Division and Graffiti Removal
• Department of Public Utilities – Water Division
• Department of Public Utilities – Storm Water Division
• Department of Public Utilities – Waste Water Division
• DPU - American Rescue Plan (ARPA) Project Funding Update
• City Manager’s Office – Mistletoe Park – Fitness Court
6. FUTURE REQUESTS FROM CITY COUNCIL TO STAFF
7. ADJOURNMENT
With no further business before the City Council, Mayor Ruiz adjourned the City Council's
Regular Meeting at 7:44 pm.
CITY OF SAN JACINTO:
________________________
Crystal Ruiz, Mayor
ATTEST:
_____________________________
Julia Espinoza, Deputy City Clerk
Approved as read:
Approved as amended:
3.A.2.a
Packet Pg. 12 Attachment: April 19, 2022 Regular Meeting Minutes (Minutes of the Regular City Council Meeting of April 19, 2022)
May 3, 2022
TO: City Council
REQUESTED BY: Tom Prill, Deputy City Manager
APPROVED BY: Robert A. Johnson, City Manager
SUBJECT: Treasurer’s Report at March 31, 2022
RECOMMENDATION:
Staff recommends that the City Council receive and File the Treasurer’s Report for the month
ending March 31, 2022.
BACKGROUND:
The Treasurer’s Report is required to be presented to the governing body at least quarterly in
accordance with California Government Code Section 53600 et. seq.
DISCUSSION:
Total Cash and City Investments decreased 3.33% during the month. This includes cash, cash in
bank, and cash with trustee.
The attached Treasurer’s report is a “snapshot” report of the City’s cash position on the last day
of the month in all of its accounts. A section demonstrating compliance with the adopted
Investment Policy, and a chart depicting historical interest rates for certain positions, is also
included. Detailed statements of investments from Chandler Asset Management and Public
Trust Advisors have also been included.
FISCAL IMPACT:
None.
ATTACHMENTS:
2021-22 March Treasurers Report with signature
3.A.3
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G(L3.A.3.aPacket Pg. 15Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
- 0.500 1.000 1.500 2.000 2.500 3.0004/195/196/197/198/199/1910/1911/1912/191/202/203/204/205/206/207/208/209/2010/2011/2012/201/212/213/214/215/216/217/218/219/2110/2111/2112/211/222/223/22Interest Rates - 4/19 to 3/22LAIFLAMMA-BoHMMA-MechPIMMA-MechChandlerPTA3.A.3.aPacket Pg. 16Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
MONTHLY ACCOUNT STATEMENT
City of San Jacinto - Account #10167
MARCH 1, 2022 THROUGH MARCH 31, 2022
Information contained herein is confidential. We urge you to compare this statement to the one you receive from your qualified custodian. Please see Important Disclosures.
CHANDLER ASSET MANAGEMENT
chandlerasset.com
Chandler Team:
For questions about your account, please call (800) 317-4747,
or contact operations@chandlerasset.com
Custodian
US Bank
Alex Bazan
(503) 464-3685
3.A.3.a
Packet Pg. 17 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
ACCOUNT SUMMARY
Beg. Values
as of 2/28/22
End Values
as of 3/31/22
Market Value 11,035,864 10,850,898
Accrued Interest 38,496 31,913
Total Market Value 11,074,359 10,882,811
Income Earned 12,586 12,810
Cont/WD -1,029
Par 11,128,789 11,151,671
Book Value 11,179,865 11,199,078
Cost Value 11,221,579 11,243,036
TOP ISSUERS
Government of United States 35.6%
Federal National Mortgage Assoc 16.3%
Federal Home Loan Bank 12.5%
Federal Home Loan Mortgage Corp 8.9%
Berkshire Hathaway 2.6%
Honda ABS 2.2%
Inter-American Dev Bank 2.0%
Apple Inc 1.9%
Total 81.9%
PORTFOLIO CHARACTERISTICS
Average Modified Duration 2.50
Average Coupon 1.59%
Average Purchase YTM 1.39%
Average Market YTM 2.34%
Average S&P/Moody Rating AA+/Aa1
Average Final Maturity 2.73 yrs
Average Life 2.59 yrs
CREDIT QUALITY (S&P)MATURITY DISTRIBUTIONSECTOR ALLOCATION
Portfolio Summary
As of March 31, 2022
City of San Jacinto
Account #10167
PERFORMANCE REVIEW
Annualized
TOTAL RATE OF RETURN 1M 3M YTD 1YR 2YRS 3YRS 5YRS 10YRS 6/30/2012
City of San Jacinto -1.72%-3.05%-3.05%-3.50%-1.36%0.86%1.19%N/A 0.98%
San Jacinto 1-5 Yr US Tsy & Agy Blended Index*-1.86%-3.16%-3.16%-3.72%-1.91%0.48%0.83%N/A 0.73%
San Jacinto 1-5 Yr AAA-A US Corp & Govt Blend**-1.84%-3.20%-3.20%-3.70%-1.63%0.52%0.94%N/A 0.89%
*ICE BofA 1-3 Yr US Treasury Index to 3/31/20; then ICE BofA 1-5 Yr US Treasury & Agency Index
**ICE BofA 1-3 Yr AAA-A US Corporate & Government Index to 3/31/20; then ICE BofA 1-5 Yr AAA-A US Corporate & Government Index
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 1
3.A.3.a
Packet Pg. 18 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Category Standard Comment
U.S. Treasuries No limitations; Full faith and credit of the U.S. are pledged for the payment of principal and interest Complies
Federal Agencies
No Limitations; Federal agencies or U.S. government-sponsored enterprise obligations, participations, or other instruments,
including those issued or fully guaranteed as to principal and interest by federal agencies or U.S. government sponsored
enterprises.
Complies
Supranational Obligations
"AA" rating category or better by a NRSRO; 30% maximum; 10% max per issuer; U.S. dollar denominated senior unsecured
unsubordinated obligations issued or unconditionally guaranteed by the International Bank for Reconstruction and
Development ("IBRD"), the International Finance Corporation ("IFC") or the Inter-American Development Bank ("IADB")
Complies
Municipal Securities "A" rating category or better by a NRSRO; 30% maximum; 5% max per issuer Complies
Corporate Medium Term Notes "A" rating category or better by at least two NRSROs; 30% maximum; 5% max per issuer; Issued by corporations organized
and operating within the U.S. or by depository institutions licensed by the U.S. or any state and operating within the U.S. Complies
Asset-Backed (ABS), Mortgage-Backed
Securities; Mortgage Pass-Throughs;
Collateralized Mortgage Obligations
(CMOs)
"AA" rating category or better by at least two NRSROs; "A" issuer rating category or higher by at least two NRSROs; 20%
maximum; 5% max per issuer Complies
Negotiable Certificates of Deposit (NCD)"A" long-term issuer rating category or higher by at least two NRSROs; and/or "A-1" short term rated or higher by at least two
NRSROs; 30% maximum; 5% max per issuer Complies
Certificate of Deposit Placement Service
(CDARS)30% max (combination of Certificates of Deposit, including CDARS)Complies
FDIC Insured Time Deposits (Non-
negotiable CD/TD)
20% maximum (combined FDIC insured and collateralized TD/ CD); Amount per institution is limited to maximum covered
under federal insurance Complies
Collateralized Time Deposits (Non-
negotiable CD/TD)
"A" long-term debt rating category or higher by at least two NRSROs; and/or "A-1" short term debt rated or higher by at least
two NRSROs; 20% maximum (combined FDIC and collateralized TD/ CD)Complies
Collateralized Bank Deposits City's deposits with financial institutions will be collateralized with pledged securities per California Government Code Complies
Banker’s Acceptances "A-1" short term debt rated or higher by at least two NRSROs; and "A" long-term debt rated or higher by at least two NRSROs;
40% maximum; 5% max per issuer; 180 days max maturity Complies
Commercial Paper
"A-1" short term debt rated or higher by at least two NRSROs; and "A" long-term debt rated or higher by at least two NRSROs;
25% maximum; 5% max per issuer; 270 days max maturity; Issuer is a corporation organized and operating in the U.S. with
assets > $500 million
Complies
Money Market Mutual Funds
Registered with SEC under Investment Company Act of 1940 and issued by diversified management companies and meet
either of the following criteria: (i) Highest rating by two NRSROs; or (ii) Retained an investment adviser registered or exempt
from SEC registration with > 5 years experience managing money market mutual funds with AUM >$500 million; 20% max
combined Money Market Mutual Funds and Mutual Funds; 20% max per Money Market Mutual Fund
Complies
City of San Jacinto
As of March 31, 2022
Assets managed by Chandler Asset Management are in full compliance with state law and with the City's investment policy.
Statement of Compliance
3.A.3.a
Packet Pg. 19 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Mutual Funds
Invest in securities as authorized under CGC, Section 53601 (a) to (k) and (m) to (q) inclusive and meet either of the following
criteria: (i) Highest rating by two NRSROs; or (ii) Retained an investment adviser registered or exempt from SEC registration
with > 5 years experience investing in securities authorized by CGC, Section 53601 and with AUM >$500 million; 20% max
combined Money Market Mutual Funds and Mutual Funds; 10% max per Mutual Fund
Complies
Local Agency Investment Fund (LAIF)70% of the portfolio may be invested in LAIF, up to the maximum permitted balance; Not used by investment adviser Complies
Local Government Investment Pools and
Joint Powers Authority Pools
Riverside County Investment Fund- 70% max of the total portfolio
JPA Pools- 50% max of the total portfolio Complies
Repurchase Agreements 102% collateralized; 1 year max maturity Complies
Prohibited Securities
Any investments not specifically described in the policy; Futures and options; Inverse floaters; Ranges notes, Interest-only
strips from mortgaged backed securities; Zero interest accrual securities if held to maturity; Margin purchasing or selling;
Reverse repurchase agreements; Foreign currency denominated securities
Complies
Max Callables 20% maximum callable securities (does not include "make whole call" securities)Complies
Max Per Issuer 5% of portfolio per issuer (except U.S. Government, its Agencies and enterprises, Money Market Mutual Funds, Mutual Funds,
LAIF, LGIP, Supranationals, or unless otherwise specified in the investment policy)Complies
Maximum Maturity 5 years Complies
3.A.3.a
Packet Pg. 20 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
BOOK VALUE RECONCILIATION
BEGINNING BOOK VALUE $11,179,865.05
Acquisition
+ Security Purchases $348,251.13
+ Money Market Fund Purchases $245,366.43
+ Money Market Contributions $0.00
+ Security Contributions $0.00
+ Security Transfers $0.00
Total Acquisitions $593,617.56
Dispositions
- Security Sales $315,873.84
- Money Market Fund Sales $237,992.15
- MMF Withdrawals $1,029.16
- Security Withdrawals $0.00
- Security Transfers $0.00
- Other Dispositions $0.00
- Maturites $0.00
- Calls $0.00
- Principal Paydowns $18,463.39
Total Dispositions $573,358.54
Amortization/Accretion
+/- Net Accretion ($1,895.97)
($1,895.97)
Gain/Loss on Dispositions
+/- Realized Gain/Loss $849.83
$849.83
ENDING BOOK VALUE $11,199,077.93
CASH TRANSACTION SUMMARY
BEGINNING BALANCE $11,239.08
Acquisition
Contributions $0.00
Security Sale Proceeds $315,873.84
Accrued Interest Received $1,400.60
Interest Received $20,234.78
Dividend Received $0.24
Principal on Maturities $0.00
Interest on Maturities $0.00
Calls/Redemption (Principal)$0.00
Interest from Calls/Redemption $0.00
Principal Paydown $18,463.39
Total Acquisitions $355,972.85
Dispositions
Withdrawals $1,029.16
Security Purchase $348,251.13
Accrued Interest Paid $347.44
Total Dispositions $349,627.73
ENDING BOOK VALUE $17,584.20
Reconciliation Summary
As of March 31, 2022
City of San Jacinto California
Account #10167
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 3
3.A.3.a
Packet Pg. 21 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Holdings Report
As of March 31, 2022
City of San Jacinto
Account #10167
CUSIP Security Description Par Value/Units Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
43815NAC8 Honda Auto Receivables Trust 2019-3
A3
1.78% Due 8/15/2023
28,503.13 08/20/2019
1.79%
28,502.89
28,503.09
100.08
1.48%
28,526.76
22.55
0.26%
23.67
Aaa / AAA
NR
1.38
0.29
477870AC3 John Deere Owner Trust 2019-B A3
2.21% Due 12/15/2023
10,321.47 07/16/2019
2.23%
10,319.28
10,320.62
100.27
1.25%
10,348.99
10.14
0.10%
28.37
Aaa / NR
AAA
1.71
0.28
65479JAD5 Nissan Auto Receivables Owner 2019-C
A3
1.93% Due 7/15/2024
41,656.54 10/16/2019
1.94%
41,654.33
41,655.47
100.19
1.42%
41,737.23
35.73
0.38%
81.76
Aaa / AAA
NR
2.29
0.38
47789KAC7 John Deere Owner Trust 2020-A A3
1.1% Due 8/15/2024
40,583.50 03/04/2020
1.11%
40,581.01
40,582.17
99.68
1.69%
40,454.89
19.84
0.37%
(127.28)
Aaa / NR
AAA
2.38
0.53
89237VAB5 Toyota Auto Receivables Trust 2020-C
A3
0.44% Due 10/15/2024
47,279.90 07/21/2020
0.44%
47,276.26
47,277.71
99.08
2.02%
46,843.51
9.25
0.43%
(434.20)
Aaa / AAA
NR
2.55
0.58
43813KAC6 Honda Auto Receivables Trust 2020-3
A3
0.37% Due 10/18/2024
90,000.00 09/22/2020
0.38%
89,986.78
89,993.12
98.74
2.13%
88,868.61
12.03
0.82%
(1,124.51)
NR / AAA
AAA
2.55
0.71
47787NAC3 John Deere Owner Trust 2020-B A3
0.51% Due 11/15/2024
20,742.34 07/14/2020
0.52%
20,739.18
20,740.72
98.89
2.22%
20,511.48
4.70
0.19%
(229.24)
Aaa / NR
AAA
2.63
0.65
58769KAD6 Mercedes-Benz Auto Lease Trust 2021-
B A3
0.4% Due 11/15/2024
55,000.00 06/22/2021
0.40%
54,995.85
54,997.08
97.45
2.42%
53,599.65
9.78
0.49%
(1,397.43)
NR / AAA
AAA
2.63
1.27
09690AAC7 BMW Vehicle Lease Trust 2021-2 A3
0.33% Due 12/26/2024
35,000.00 09/08/2021
0.34%
34,996.39
34,997.25
97.49
2.43%
34,120.59
1.93
0.31%
(876.66)
Aaa / NR
AAA
2.74
1.20
89236XAC0 Toyota Auto Receivables 2020-D A3
0.35% Due 1/15/2025
45,000.00 10/06/2020
0.36%
44,991.62
44,994.50
98.85
2.14%
44,481.96
7.00
0.41%
(512.54)
NR / AAA
AAA
2.80
0.64
05601XAC3 BMW Vehicle Lease Trust 2022-1 A3
1.1% Due 3/25/2025
35,000.00 01/11/2022
1.11%
34,994.77
34,995.24
97.51
2.72%
34,129.52
6.42
0.31%
(865.72)
NR / AAA
AAA
2.99
1.55
43813GAC5 Honda Auto Receivables Trust 2021-1
A3
0.27% Due 4/21/2025
30,000.00 02/17/2021
0.27%
29,999.45
29,999.65
97.92
2.54%
29,374.95
2.25
0.27%
(624.70)
Aaa / NR
AAA
3.06
0.92
89240BAC2 Toyota Auto Receivables Owners 2021-
A A3
0.26% Due 5/15/2025
75,000.00 02/02/2021
0.27%
74,986.08
74,991.21
98.10
2.26%
73,577.18
8.67
0.68%
(1,414.03)
Aaa / NR
AAA
3.13
0.95
47788UAC6 John Deere Owner Trust 2021-A A3
0.36% Due 9/15/2025
40,000.00 03/02/2021
0.37%
39,992.31
39,994.57
96.85
2.79%
38,739.64
6.40
0.36%
(1,254.93)
Aaa / NR
AAA
3.46
1.30
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 4
3.A.3.a
Packet Pg. 22 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Holdings Report
As of March 31, 2022
City of San Jacinto
Account #10167
CUSIP Security Description Par Value/Units Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
ABS
43815GAC3 Honda Auto Receivables Trust 2021-4
A3
0.88% Due 1/21/2026
35,000.00 11/16/2021
0.89%
34,992.62
34,993.42
96.82
2.58%
33,888.05
8.56
0.31%
(1,105.37)
Aaa / NR
AAA
3.81
1.89
47789QAC4 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
45,000.00 07/13/2021
0.52%
44,995.99
44,996.75
95.82
2.82%
43,118.91
10.40
0.40%
(1,877.84)
Aaa / NR
AAA
3.96
1.85
89238JAC9 Toyota Auto Receivables Trust 2021-D
A3
0.71% Due 4/15/2026
35,000.00 11/09/2021
0.71%
34,999.25
34,999.34
96.22
2.82%
33,678.40
11.04
0.31%
(1,320.94)
NR / AAA
AAA
4.04
1.81
43815BAC4 Honda Auto Receivables Trust 2022-1
A3
1.88% Due 5/15/2026
60,000.00 02/15/2022
1.89%
59,990.98
59,991.26
98.21
2.68%
58,925.70
50.13
0.54%
(1,065.56)
Aaa / AAA
NR
4.13
2.26
47787JAC2 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
45,000.00 03/10/2022
2.34%
44,990.05
44,990.17
98.70
2.91%
44,416.44
43.50
0.41%
(573.73)
Aaa / NR
AAA
4.47
2.22
Total ABS 814,086.88 0.85%
813,985.09
814,013.34 2.32%
799,342.46
280.32
7.35%
(14,670.88)
Aaa / AAA
AAA
3.05
1.16
AGENCY
3135G0W33 FNMA Note
1.375% Due 9/6/2022
135,000.00 09/05/2019
1.49%
134,530.20
134,932.27
100.18
0.95%
135,247.32
128.91
1.24%
315.05
Aaa / AA+
AAA
0.44
0.43
3130A3KM5 FHLB Note
2.5% Due 12/9/2022
100,000.00 09/10/2019
1.60%
102,813.00
100,599.22
100.77
1.37%
100,769.80
777.78
0.93%
170.58
Aaa / AA+
NR
0.69
0.68
3135G0T94 FNMA Note
2.375% Due 1/19/2023
290,000.00 10/17/2018
3.07%
281,993.10
288,489.36
100.66
1.53%
291,927.63
1,377.50
2.70%
3,438.27
Aaa / AA+
AAA
0.81
0.79
3137EAEN5 FHLMC Note
2.75% Due 6/19/2023
200,000.00 11/13/2018
3.08%
197,176.00
199,252.77
100.96
1.95%
201,913.60
1,558.33
1.87%
2,660.83
Aaa / AA+
AAA
1.22
1.19
313383YJ4 FHLB Note
3.375% Due 9/8/2023
200,000.00 12/27/2018
2.73%
205,630.00
201,723.47
101.85
2.06%
203,697.20
431.25
1.88%
1,973.73
Aaa / AA+
NR
1.44
1.40
3137EAEY1 FHLMC Note
0.125% Due 10/16/2023
180,000.00 10/22/2020
0.26%
179,253.00
179,613.45
96.99
2.12%
174,583.08
103.13
1.61%
(5,030.37)
Aaa / AA+
AAA
1.55
1.52
3130A0F70 FHLB Note
3.375% Due 12/8/2023
220,000.00 01/30/2019
2.71%
226,593.40
222,292.06
101.82
2.27%
224,000.04
2,330.63
2.08%
1,707.98
Aaa / AA+
AAA
1.69
1.62
3135G0V34 FNMA Note
2.5% Due 2/5/2024
375,000.00 03/24/2020
0.82%
398,835.00
386,394.21
100.50
2.22%
376,883.25
1,458.33
3.48%
(9,510.96)
Aaa / AA+
AAA
1.85
1.79
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 5
3.A.3.a
Packet Pg. 23 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Holdings Report
As of March 31, 2022
City of San Jacinto
Account #10167
CUSIP Security Description Par Value/Units Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
AGENCY
3130A1XJ2 FHLB Note
2.875% Due 6/14/2024
210,000.00 Various
1.96%
219,055.20
213,998.60
101.01
2.40%
212,124.78
1,794.48
1.97%
(1,873.82)
Aaa / AA+
NR
2.21
2.11
3130A2UW4 FHLB Note
2.875% Due 9/13/2024
150,000.00 10/29/2019
1.76%
157,737.00
153,894.58
101.05
2.43%
151,579.65
215.63
1.39%
(2,314.93)
Aaa / AA+
AAA
2.46
2.35
3130A3GE8 FHLB Note
2.75% Due 12/13/2024
250,000.00 12/16/2019
1.77%
261,672.50
256,319.67
100.86
2.42%
252,152.75
2,062.50
2.34%
(4,166.92)
Aaa / AA+
NR
2.71
2.57
3135G0X24 FNMA Note
1.625% Due 1/7/2025
225,000.00 01/16/2020
1.69%
224,298.00
224,609.01
97.73
2.48%
219,894.75
853.13
2.03%
(4,714.26)
Aaa / AA+
AAA
2.78
2.67
3137EAEP0 FHLMC Note
1.5% Due 2/12/2025
245,000.00 02/13/2020
1.52%
244,811.35
244,891.67
97.29
2.49%
238,359.52
500.21
2.19%
(6,532.15)
Aaa / AA+
AAA
2.87
2.77
3135G03U5 FNMA Note
0.625% Due 4/22/2025
310,000.00 Various
0.63%
309,949.40
309,974.53
94.55
2.49%
293,094.77
855.73
2.70%
(16,879.76)
Aaa / AA+
AAA
3.06
2.99
3130AJKW8 FHLB Note
0.5% Due 6/13/2025
225,000.00 06/24/2020
0.52%
224,824.50
224,886.90
94.02
2.46%
211,539.60
337.50
1.95%
(13,347.30)
Aaa / AA+
AAA
3.21
3.13
3137EAEU9 FHLMC Note
0.375% Due 7/21/2025
145,000.00 07/21/2020
0.48%
144,277.90
144,522.16
93.36
2.48%
135,368.67
105.73
1.24%
(9,153.49)
Aaa / AA+
AAA
3.31
3.24
3135G05X7 FNMA Note
0.375% Due 8/25/2025
230,000.00 08/25/2020
0.47%
228,923.60
229,267.06
93.18
2.48%
214,324.12
86.25
1.97%
(14,942.94)
Aaa / AA+
AAA
3.41
3.34
3137EAEX3 FHLMC Note
0.375% Due 9/23/2025
230,000.00 09/23/2020
0.44%
229,307.70
229,517.59
92.94
2.51%
213,753.03
19.17
1.96%
(15,764.56)
Aaa / AA+
AAA
3.48
3.41
3135G06G3 FNMA Note
0.5% Due 11/7/2025
250,000.00 11/09/2020
0.57%
249,105.00
249,353.20
93.23
2.48%
233,067.00
500.00
2.15%
(16,286.20)
Aaa / AA+
AAA
3.61
3.52
Total Agency 4,170,000.00 1.43%
4,220,785.85
4,194,531.78 2.23%
4,084,280.56
15,496.19
37.67%
(110,251.22)
Aaa / AA+
AAA
2.30
2.23
CORPORATE
06051GEU9 Bank of America Corp Note
3.3% Due 1/11/2023
130,000.00 01/28/2019
3.29%
130,059.80
130,011.82
101.11
1.85%
131,446.77
953.33
1.22%
1,434.95
A2 / A-
AA-
0.78
0.76
06406RAE7 Bank of NY Mellon Corp Callable Note
Cont 12/29/2022
2.95% Due 1/29/2023
145,000.00 09/09/2019
1.97%
149,541.40
146,025.11
100.89
1.73%
146,296.30
736.68
1.35%
271.19
A1 / A
AA-
0.83
0.73
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 6
3.A.3.a
Packet Pg. 24 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Holdings Report
As of March 31, 2022
City of San Jacinto
Account #10167
CUSIP Security Description Par Value/Units Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
CORPORATE
084670BR8 Berkshire Hathaway Callable Note Cont
1/15/2023
2.75% Due 3/15/2023
150,000.00 08/26/2019
1.83%
154,525.50
151,058.15
100.70
1.85%
151,051.65
183.33
1.39%
(6.50)
Aa2 / AA
A+
0.96
0.78
037833AK6 Apple Inc Note
2.4% Due 5/3/2023
200,000.00 05/20/2019
2.63%
198,284.00
199,527.56
100.57
1.87%
201,143.60
1,973.33
1.87%
1,616.04
Aaa / AA+
NR
1.09
1.06
24422EUR8 John Deere Capital Corp Note
3.45% Due 1/10/2024
150,000.00 03/14/2019
2.95%
153,322.50
151,225.87
101.76
2.43%
152,640.15
1,164.38
1.41%
1,414.28
A2 / A
A
1.78
1.70
808513BN4 Charles Schwab Corp Callable Note
Cont 2/18/2024
0.75% Due 3/18/2024
40,000.00 03/16/2021
0.77%
39,980.00
39,986.92
96.75
2.46%
38,698.28
10.83
0.36%
(1,288.64)
A2 / A
A
1.97
1.93
023135BW5 Amazon.com Inc Note
0.45% Due 5/12/2024
90,000.00 05/10/2021
0.50%
89,868.60
89,907.44
96.43
2.19%
86,785.29
156.38
0.80%
(3,122.15)
A1 / AA
AA-
2.12
2.08
46625HJX9 JP Morgan Chase Note
3.625% Due 5/13/2024
145,000.00 12/19/2019
2.20%
153,560.80
149,130.77
102.08
2.61%
148,010.35
2,014.90
1.38%
(1,120.42)
A2 / A-
AA-
2.12
2.00
78015K7H1 Royal Bank of Canada Note
1.15% Due 6/10/2025
200,000.00 10/14/2021
1.17%
199,878.00
199,893.12
94.49
2.97%
188,976.20
709.17
1.74%
(10,916.92)
A1 / A
AA-
3.20
3.08
857477BR3 State Street Bank Callable Note Cont
2/6/2025
1.746% Due 2/6/2026
35,000.00 02/02/2022
1.75%
35,000.00
35,000.00
96.44
2.80%
33,752.53
91.67
0.31%
(1,247.47)
A1 / A
AA-
3.86
3.67
91324PEC2 United Health Group Inc Callable Note
Cont 4/15/2026
1.15% Due 5/15/2026
30,000.00 Various
1.08%
30,097.10
30,081.21
93.05
2.95%
27,913.53
130.33
0.26%
(2,167.68)
A3 / A+
A
4.13
3.96
89236TJK2 Toyota Motor Credit Corp Note
1.125% Due 6/18/2026
120,000.00 06/15/2021
1.13%
119,947.20
119,955.50
92.90
2.93%
111,484.32
386.25
1.03%
(8,471.18)
A1 / A+
A+
4.22
4.05
89114TZG0 Toronto-Dominion Bank Note
1.25% Due 9/10/2026
200,000.00 11/17/2021
1.70%
195,888.00
196,199.44
92.07
3.18%
184,135.80
145.83
1.69%
(12,063.64)
A1 / A
AA-
4.45
4.26
931142ER0 Wal-Mart Stores Callable Note Cont
08/17/2026
1.05% Due 9/17/2026
30,000.00 09/08/2021
1.09%
29,943.30
29,949.39
93.10
2.70%
27,929.49
12.25
0.26%
(2,019.90)
Aa2 / AA
AA
4.47
4.31
87612EBM7 Target Corp Callable Note Cont
12/15/2026
1.95% Due 1/15/2027
65,000.00 01/19/2022
1.99%
64,889.50
64,893.57
96.72
2.69%
62,865.66
235.90
0.58%
(2,027.91)
A2 / A
A
4.80
4.51
808513BY0 Charles Schwab Corp Callable Note
Cont 2/3/2027
2.45% Due 3/3/2027
45,000.00 03/01/2022
2.47%
44,951.40
44,952.17
97.21
3.06%
43,745.85
85.75
0.40%
(1,206.32)
A2 / A
A
4.93
4.58
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 7
3.A.3.a
Packet Pg. 25 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Holdings Report
As of March 31, 2022
City of San Jacinto
Account #10167
CUSIP Security Description Par Value/Units Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
CORPORATE
084664CZ2 Berkshire Hathaway Callable Note Cont
2/15/2027
2.3% Due 3/15/2027
130,000.00 03/07/2022
2.30%
129,975.30
129,975.53
98.28
2.67%
127,766.08
132.89
1.18%
(2,209.45)
Aa2 / AA
A+
4.96
4.64
Total Corporate 1,905,000.00 1.96%
1,919,712.40
1,907,773.57 2.45%
1,864,641.85
9,123.20
17.22%
(43,131.72)
A1 / A+
A+
2.60
2.47
MONEY MARKET FUND
31846V203 First American Govt Obligation Fund
Class Y
17,584.20 Various
0.01%
17,584.20
17,584.20
1.00
0.01%
17,584.20
0.00
0.16%
0.00
Aaa / AAA
AAA
0.00
0.00
Total Money Market Fund 17,584.20 0.01%
17,584.20
17,584.20 0.01%
17,584.20
0.00
0.16%
0.00
Aaa / AAA
AAA
0.00
0.00
SUPRANATIONAL
4581X0DV7 Inter-American Dev Bank Note
0.875% Due 4/20/2026
230,000.00 04/13/2021
0.97%
228,946.60
229,146.20
93.40
2.60%
214,825.75
900.03
1.98%
(14,320.45)
Aaa / AAA
AAA
4.06
3.92
Total Supranational 230,000.00 0.97%
228,946.60
229,146.20 2.60%
214,825.75
900.03
1.98%
(14,320.45)
Aaa / AAA
AAA
4.06
3.92
US TREASURY
9128284D9 US Treasury Note
2.5% Due 3/31/2023
210,000.00 Various
2.95%
206,053.12
209,126.13
100.76
1.73%
211,591.38
14.35
1.94%
2,465.25
Aaa / AA+
AAA
1.00
0.99
912828Y61 US Treasury Note
2.75% Due 7/31/2023
175,000.00 12/27/2018
2.59%
176,223.63
175,354.82
100.97
2.01%
176,695.40
797.65
1.63%
1,340.58
Aaa / AA+
AAA
1.33
1.30
912828W71 US Treasury Note
2.125% Due 3/31/2024
210,000.00 12/05/2019
1.63%
214,331.25
212,004.95
99.64
2.31%
209,253.45
12.19
1.92%
(2,751.50)
Aaa / AA+
AAA
2.00
1.95
912828Y87 US Treasury Note
1.75% Due 7/31/2024
220,000.00 01/17/2020
1.63%
221,160.16
220,597.98
98.51
2.41%
216,725.74
638.12
2.00%
(3,872.24)
Aaa / AA+
AAA
2.34
2.27
9128282U3 US Treasury Note
1.875% Due 8/31/2024
230,000.00 12/12/2019
1.76%
231,230.86
230,630.79
98.68
2.44%
226,963.31
375.00
2.09%
(3,667.48)
Aaa / AA+
AAA
2.42
2.34
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 8
3.A.3.a
Packet Pg. 26 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Holdings Report
As of March 31, 2022
City of San Jacinto
Account #10167
CUSIP Security Description Par Value/Units Purchase Date
Book Yield
Cost Value
Book Value
Mkt Price
Mkt YTM
Market Value
Accrued Int.
% of Port.
Gain/Loss
Moody/S&P
Fitch
Maturity
Duration
US TREASURY
912828YV6 US Treasury Note
1.5% Due 11/30/2024
230,000.00 12/12/2019
1.74%
227,421.48
228,615.50
97.50
2.47%
224,258.97
1,156.32
2.07%
(4,356.53)
Aaa / AA+
AAA
2.67
2.58
91282CDN8 US Treasury Note
1% Due 12/15/2024
185,000.00 12/22/2021
0.94%
185,310.74
185,282.46
96.20
2.46%
177,961.31
543.82
1.64%
(7,321.15)
Aaa / AA+
AAA
2.71
2.64
912828ZC7 US Treasury Note
1.125% Due 2/28/2025
400,000.00 03/24/2020
0.51%
412,046.88
407,117.09
96.22
2.48%
384,875.20
391.30
3.54%
(22,241.89)
Aaa / AA+
AAA
2.92
2.84
912828ZT0 US Treasury Note
0.25% Due 5/31/2025
230,000.00 06/04/2020
0.39%
228,373.83
228,967.68
93.16
2.51%
214,277.43
192.72
1.97%
(14,690.25)
Aaa / AA+
AAA
3.17
3.11
9128284Z0 US Treasury Note
2.75% Due 8/31/2025
155,000.00 06/24/2021
0.72%
167,950.98
165,577.76
100.83
2.50%
156,283.56
370.65
1.44%
(9,294.20)
Aaa / AA+
AAA
3.42
3.24
9128285C0 US Treasury Note
3% Due 9/30/2025
200,000.00 02/25/2022
1.87%
207,804.69
207,614.04
101.66
2.50%
203,320.40
16.39
1.87%
(4,293.64)
Aaa / AA+
AAA
3.50
3.31
91282CAZ4 US Treasury Note
0.375% Due 11/30/2025
240,000.00 12/15/2020
0.37%
240,018.75
240,013.87
92.55
2.51%
222,131.28
301.65
2.04%
(17,882.59)
Aaa / AA+
AAA
3.67
3.59
91282CBC4 US Treasury Note
0.375% Due 12/31/2025
250,000.00 01/28/2021
0.41%
249,541.02
249,650.08
92.45
2.49%
231,132.75
235.67
2.13%
(18,517.33)
Aaa / AA+
AAA
3.76
3.68
91282CBQ3 US Treasury Note
0.5% Due 2/28/2026
250,000.00 03/24/2021
0.82%
246,123.05
246,923.84
92.56
2.51%
231,396.50
108.70
2.13%
(15,527.34)
Aaa / AA+
AAA
3.92
3.83
91282CBT7 US Treasury Note
0.75% Due 3/31/2026
250,000.00 Various
0.86%
248,714.06
248,935.59
93.36
2.50%
233,408.26
5.12
2.14%
(15,527.33)
Aaa / AA+
AAA
4.00
3.90
91282CCP4 US Treasury Note
0.625% Due 7/31/2026
300,000.00 08/25/2021
0.82%
297,152.34
297,497.22
92.40
2.48%
277,195.20
310.77
2.55%
(20,302.02)
Aaa / AA+
AAA
4.34
4.23
9128282A7 US Treasury Note
1.5% Due 8/15/2026
150,000.00 09/23/2021
0.91%
154,230.47
153,782.79
95.96
2.48%
143,941.35
279.70
1.33%
(9,841.44)
Aaa / AA+
AAA
4.38
4.19
912828V98 US Treasury Note
2.25% Due 2/15/2027
130,000.00 03/29/2022
2.53%
128,334.38
128,336.25
99.09
2.45%
128,811.67
363.60
1.19%
475.42
Aaa / AA+
AAA
4.88
4.58
Total US Treasury 4,015,000.00 1.21%
4,042,021.69
4,036,028.84 2.41%
3,870,223.16
6,113.72
35.62%
(165,805.68)
Aaa / AA+
AAA
3.11
3.01
TOTAL PORTFOLIO 11,151,671.08 1.39%
11,243,035.83
11,199,077.93 2.34%
10,850,897.98
31,913.46
100.00%
(348,179.95)
Aa1 / AA+
AAA
2.73
2.50
TOTAL MARKET VALUE PLUS ACCRUED 10,882,811.44
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 9
3.A.3.a
Packet Pg. 27 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Transaction Ledger
As of March 31, 2022
City of San Jacinto
Account #10167
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 03/01/2022 31846V203 0.24 First American Govt Obligation Fund
Class Y
1.000 0.01%0.24 0.00 0.24 0.00
Purchase 03/03/2022 31846V203 101,246.44 First American Govt Obligation Fund
Class Y
1.000 0.01%101,246.44 0.00 101,246.44 0.00
Purchase 03/03/2022 808513BY0 45,000.00 Charles Schwab Corp Callable Note
Cont 2/3/2027
2.45% Due 3/3/2027
99.892 2.47%44,951.40 0.00 44,951.40 0.00
Purchase 03/06/2022 31846V203 1,375.00 First American Govt Obligation Fund
Class Y
1.000 0.01%1,375.00 0.00 1,375.00 0.00
Purchase 03/08/2022 31846V203 3,375.00 First American Govt Obligation Fund
Class Y
1.000 0.01%3,375.00 0.00 3,375.00 0.00
Purchase 03/09/2022 31846V203 65,189.45 First American Govt Obligation Fund
Class Y
1.000 0.01%65,189.45 0.00 65,189.45 0.00
Purchase 03/10/2022 31846V203 1,250.00 First American Govt Obligation Fund
Class Y
1.000 0.01%1,250.00 0.00 1,250.00 0.00
Purchase 03/13/2022 31846V203 2,156.25 First American Govt Obligation Fund
Class Y
1.000 0.01%2,156.25 0.00 2,156.25 0.00
Purchase 03/15/2022 084664CZ2 130,000.00 Berkshire Hathaway Callable Note Cont
2/15/2027
2.3% Due 3/15/2027
99.981 2.30%129,975.30 0.00 129,975.30 0.00
Purchase 03/15/2022 31846V203 40,232.13 First American Govt Obligation Fund
Class Y
1.000 0.01%40,232.13 0.00 40,232.13 0.00
Purchase 03/15/2022 31846V203 2,062.50 First American Govt Obligation Fund
Class Y
1.000 0.01%2,062.50 0.00 2,062.50 0.00
Purchase 03/15/2022 31846V203 20.71 First American Govt Obligation Fund
Class Y
1.000 0.01%20.71 0.00 20.71 0.00
Purchase 03/15/2022 31846V203 16.25 First American Govt Obligation Fund
Class Y
1.000 0.01%16.25 0.00 16.25 0.00
Purchase 03/15/2022 31846V203 68.93 First American Govt Obligation Fund
Class Y
1.000 0.01%68.93 0.00 68.93 0.00
Purchase 03/15/2022 31846V203 12.00 First American Govt Obligation Fund
Class Y
1.000 0.01%12.00 0.00 12.00 0.00
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 10
3.A.3.a
Packet Pg. 28 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Transaction Ledger
As of March 31, 2022
City of San Jacinto
Account #10167
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 03/15/2022 31846V203 13.13 First American Govt Obligation Fund
Class Y
1.000 0.01%13.13 0.00 13.13 0.00
Purchase 03/15/2022 31846V203 18.33 First American Govt Obligation Fund
Class Y
1.000 0.01%18.33 0.00 18.33 0.00
Purchase 03/15/2022 31846V203 19.50 First American Govt Obligation Fund
Class Y
1.000 0.01%19.50 0.00 19.50 0.00
Purchase 03/15/2022 31846V203 4,245.71 First American Govt Obligation Fund
Class Y
1.000 0.01%4,245.71 0.00 4,245.71 0.00
Purchase 03/15/2022 31846V203 1,999.91 First American Govt Obligation Fund
Class Y
1.000 0.01%1,999.91 0.00 1,999.91 0.00
Purchase 03/15/2022 31846V203 1,686.86 First American Govt Obligation Fund
Class Y
1.000 0.01%1,686.86 0.00 1,686.86 0.00
Purchase 03/15/2022 31846V203 3,189.35 First American Govt Obligation Fund
Class Y
1.000 0.01%3,189.35 0.00 3,189.35 0.00
Purchase 03/15/2022 31846V203 4,121.69 First American Govt Obligation Fund
Class Y
1.000 0.01%4,121.69 0.00 4,121.69 0.00
Purchase 03/15/2022 31846V203 3,432.75 First American Govt Obligation Fund
Class Y
1.000 0.01%3,432.75 0.00 3,432.75 0.00
Purchase 03/16/2022 47787JAC2 45,000.00 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
99.978 2.34%44,990.05 0.00 44,990.05 0.00
Purchase 03/17/2022 31846V203 157.50 First American Govt Obligation Fund
Class Y
1.000 0.01%157.50 0.00 157.50 0.00
Purchase 03/18/2022 31846V203 150.00 First American Govt Obligation Fund
Class Y
1.000 0.01%150.00 0.00 150.00 0.00
Purchase 03/18/2022 31846V203 27.67 First American Govt Obligation Fund
Class Y
1.000 0.01%27.67 0.00 27.67 0.00
Purchase 03/21/2022 31846V203 25.67 First American Govt Obligation Fund
Class Y
1.000 0.01%25.67 0.00 25.67 0.00
Purchase 03/21/2022 31846V203 6.75 First American Govt Obligation Fund
Class Y
1.000 0.01%6.75 0.00 6.75 0.00
Purchase 03/23/2022 31846V203 431.25 First American Govt Obligation Fund
Class Y
1.000 0.01%431.25 0.00 431.25 0.00
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 11
3.A.3.a
Packet Pg. 29 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Transaction Ledger
As of March 31, 2022
City of San Jacinto
Account #10167
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
ACQUISITIONS
Purchase 03/25/2022 31846V203 9.63 First American Govt Obligation Fund
Class Y
1.000 0.01%9.63 0.00 9.63 0.00
Purchase 03/25/2022 31846V203 32.08 First American Govt Obligation Fund
Class Y
1.000 0.01%32.08 0.00 32.08 0.00
Purchase 03/30/2022 912828V98 130,000.00 US Treasury Note
2.25% Due 2/15/2027
98.719 2.53%128,334.38 347.44 128,681.82 0.00
Purchase 03/31/2022 31846V203 8,793.75 First American Govt Obligation Fund
Class Y
1.000 0.01%8,793.75 0.00 8,793.75 0.00
Subtotal 595,366.43 593,617.56 347.44 593,965.00 0.00
Short Sale 03/03/2022 31846V203 -44,951.40 First American Govt Obligation Fund
Class Y
1.000 -44,951.40 0.00 -44,951.40 0.00
Short Sale 03/15/2022 31846V203 -129,975.30 First American Govt Obligation Fund
Class Y
1.000 -129,975.30 0.00 -129,975.30 0.00
Subtotal -174,926.70 -174,926.70 0.00 -174,926.70 0.00
TOTAL ACQUISITIONS 420,439.73 418,690.86 347.44 419,038.30 0.00
DISPOSITIONS
Closing
Purchase
03/03/2022 31846V203 -44,951.40 First American Govt Obligation Fund
Class Y
1.000 -44,951.40 0.00 -44,951.40 0.00
Closing
Purchase
03/15/2022 31846V203 -129,975.30 First American Govt Obligation Fund
Class Y
1.000 -129,975.30 0.00 -129,975.30 0.00
Subtotal -174,926.70 -174,926.70 0.00 -174,926.70 0.00
Sale 03/03/2022 313378WG2 100,000.00 FHLB Note
2.5% Due 3/11/2022
100.052 2.65%100,052.00 1,194.44 101,246.44 55.07
Sale 03/03/2022 31846V203 44,951.40 First American Govt Obligation Fund
Class Y
1.000 0.01%44,951.40 0.00 44,951.40 0.00
Sale 03/09/2022 3135G0W33 65,000.00 FNMA Note
1.375% Due 9/6/2022
100.280 1.49%65,182.00 7.45 65,189.45 219.36
Sale 03/15/2022 31846V203 129,975.30 First American Govt Obligation Fund
Class Y
1.000 0.01%129,975.30 0.00 129,975.30 0.00
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 12
3.A.3.a
Packet Pg. 30 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Transaction Ledger
As of March 31, 2022
City of San Jacinto
Account #10167
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
DISPOSITIONS
Sale 03/15/2022 912828L24 40,000.00 US Treasury Note
1.875% Due 8/31/2022
100.504 1.77%40,201.56 30.57 40,232.13 183.18
Sale 03/16/2022 31846V203 44,990.05 First American Govt Obligation Fund
Class Y
1.000 0.01%44,990.05 0.00 44,990.05 0.00
Sale 03/30/2022 31846V203 18,075.40 First American Govt Obligation Fund
Class Y
1.000 0.01%18,075.40 0.00 18,075.40 0.00
Sale 03/30/2022 912828L24 110,000.00 US Treasury Note
1.875% Due 8/31/2022
100.398 1.77%110,438.28 168.14 110,606.42 392.22
Subtotal 552,992.15 553,865.99 1,400.60 555,266.59 849.83
Paydown 03/15/2022 43815BAC4 0.00 Honda Auto Receivables Trust 2022-1
A3
1.88% Due 5/15/2026
100.000 0.00 68.93 68.93 0.00
Paydown 03/15/2022 43815NAC8 4,197.20 Honda Auto Receivables Trust 2019-3
A3
1.78% Due 8/15/2023
100.000 4,197.20 48.51 4,245.71 0.00
Paydown 03/15/2022 477870AC3 1,977.26 John Deere Owner Trust 2019-B A3
2.21% Due 12/15/2023
100.000 1,977.26 22.65 1,999.91 0.00
Paydown 03/15/2022 47787NAC3 1,677.33 John Deere Owner Trust 2020-B A3
0.51% Due 11/15/2024
100.000 1,677.33 9.53 1,686.86 0.00
Paydown 03/15/2022 47788UAC6 0.00 John Deere Owner Trust 2021-A A3
0.36% Due 9/15/2025
100.000 0.00 12.00 12.00 0.00
Paydown 03/15/2022 47789KAC7 3,149.26 John Deere Owner Trust 2020-A A3
1.1% Due 8/15/2024
100.000 3,149.26 40.09 3,189.35 0.00
Paydown 03/15/2022 47789QAC4 0.00 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
100.000 0.00 19.50 19.50 0.00
Paydown 03/15/2022 58769KAD6 0.00 Mercedes-Benz Auto Lease Trust 2021-
B A3
0.4% Due 11/15/2024
100.000 0.00 18.33 18.33 0.00
Paydown 03/15/2022 65479JAD5 4,048.18 Nissan Auto Receivables Owner 2019-C
A3
1.93% Due 7/15/2024
100.000 4,048.18 73.51 4,121.69 0.00
Paydown 03/15/2022 89236XAC0 0.00 Toyota Auto Receivables 2020-D A3
0.35% Due 1/15/2025
100.000 0.00 13.13 13.13 0.00
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 13
3.A.3.a
Packet Pg. 31 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Transaction Ledger
As of March 31, 2022
City of San Jacinto
Account #10167
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
DISPOSITIONS
Paydown 03/15/2022 89237VAB5 3,414.16 Toyota Auto Receivables Trust 2020-C
A3
0.44% Due 10/15/2024
100.000 3,414.16 18.59 3,432.75 0.00
Paydown 03/15/2022 89238JAC9 0.00 Toyota Auto Receivables Trust 2021-D
A3
0.71% Due 4/15/2026
100.000 0.00 20.71 20.71 0.00
Paydown 03/15/2022 89240BAC2 0.00 Toyota Auto Receivables Owners 2021-
A A3
0.26% Due 5/15/2025
100.000 0.00 16.25 16.25 0.00
Paydown 03/18/2022 43813KAC6 0.00 Honda Auto Receivables Trust 2020-3
A3
0.37% Due 10/18/2024
100.000 0.00 27.67 27.67 0.00
Paydown 03/21/2022 43813GAC5 0.00 Honda Auto Receivables Trust 2021-1
A3
0.27% Due 4/21/2025
100.000 0.00 6.75 6.75 0.00
Paydown 03/21/2022 43815GAC3 0.00 Honda Auto Receivables Trust 2021-4
A3
0.88% Due 1/21/2026
100.000 0.00 25.67 25.67 0.00
Paydown 03/25/2022 05601XAC3 0.00 BMW Vehicle Lease Trust 2022-1 A3
1.1% Due 3/25/2025
100.000 0.00 32.08 32.08 0.00
Paydown 03/25/2022 09690AAC7 0.00 BMW Vehicle Lease Trust 2021-2 A3
0.33% Due 12/26/2024
100.000 0.00 9.63 9.63 0.00
Subtotal 18,463.39 18,463.39 483.53 18,946.92 0.00
Security
Withdrawal
03/03/2022 31846V203 924.99 First American Govt Obligation Fund
Class Y
1.000 924.99 0.00 924.99 0.00
Security
Withdrawal
03/25/2022 31846V203 104.17 First American Govt Obligation Fund
Class Y
1.000 104.17 0.00 104.17 0.00
Subtotal 1,029.16 1,029.16 0.00 1,029.16 0.00
TOTAL DISPOSITIONS 397,558.00 398,431.84 1,884.13 400,315.97 849.83
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 14
3.A.3.a
Packet Pg. 32 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Transaction Ledger
As of March 31, 2022
City of San Jacinto
Account #10167
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
OTHER TRANSACTIONS
Interest 03/06/2022 3135G0W33 200,000.00 FNMA Note
1.375% Due 9/6/2022
0.000 1,375.00 0.00 1,375.00 0.00
Interest 03/08/2022 313383YJ4 200,000.00 FHLB Note
3.375% Due 9/8/2023
0.000 3,375.00 0.00 3,375.00 0.00
Interest 03/10/2022 89114TZG0 200,000.00 Toronto-Dominion Bank Note
1.25% Due 9/10/2026
0.000 1,250.00 0.00 1,250.00 0.00
Interest 03/13/2022 3130A2UW4 150,000.00 FHLB Note
2.875% Due 9/13/2024
0.000 2,156.25 0.00 2,156.25 0.00
Interest 03/15/2022 084670BR8 150,000.00 Berkshire Hathaway Callable Note Cont
1/15/2023
2.75% Due 3/15/2023
0.000 2,062.50 0.00 2,062.50 0.00
Interest 03/17/2022 931142ER0 30,000.00 Wal-Mart Stores Callable Note Cont
08/17/2026
1.05% Due 9/17/2026
0.000 157.50 0.00 157.50 0.00
Interest 03/18/2022 808513BN4 40,000.00 Charles Schwab Corp Callable Note
Cont 2/18/2024
0.75% Due 3/18/2024
0.000 150.00 0.00 150.00 0.00
Interest 03/23/2022 3137EAEX3 230,000.00 FHLMC Note
0.375% Due 9/23/2025
0.000 431.25 0.00 431.25 0.00
Interest 03/31/2022 9128284D9 210,000.00 US Treasury Note
2.5% Due 3/31/2023
0.000 2,625.00 0.00 2,625.00 0.00
Interest 03/31/2022 9128285C0 200,000.00 US Treasury Note
3% Due 9/30/2025
0.000 3,000.00 0.00 3,000.00 0.00
Interest 03/31/2022 912828W71 210,000.00 US Treasury Note
2.125% Due 3/31/2024
0.000 2,231.25 0.00 2,231.25 0.00
Interest 03/31/2022 91282CBT7 250,000.00 US Treasury Note
0.75% Due 3/31/2026
0.000 937.50 0.00 937.50 0.00
Subtotal 2,070,000.00 19,751.25 0.00 19,751.25 0.00
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 15
3.A.3.a
Packet Pg. 33 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Transaction Ledger
As of March 31, 2022
City of San Jacinto
Account #10167
Transaction
Type
Settlement
Date CUSIP Quantity Security Description Price Acq/Disp
Yield Amount Interest
Pur/Sold Total Amount Gain/Loss
OTHER TRANSACTIONS
Dividend 03/01/2022 31846V203 -33,712.32 First American Govt Obligation Fund
Class Y
0.000 0.24 0.00 0.24 0.00
Subtotal -33,712.32 0.24 0.00 0.24 0.00
TOTAL OTHER TRANSACTIONS 2,036,287.68 19,751.49 0.00 19,751.49 0.00
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 16
3.A.3.a
Packet Pg. 34 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Income Earned
As of March 31, 2022
City of San Jacinto
Account #10167
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
FIXED INCOME
023135BW5 Amazon.com Inc
Note
0.45% Due 05/12/2024
05/10/2021
05/12/2021
90,000.00
89,903.73
0.00
0.00
89,907.44
122.63
0.00
156.38
33.75
3.71
0.00
3.71
37.46
37.46
037833AK6 Apple Inc
Note
2.4% Due 05/03/2023
05/20/2019
05/22/2019
200,000.00
199,490.67
0.00
0.00
199,527.56
1,573.33
0.00
1,973.33
400.00
36.89
0.00
36.89
436.89
436.89
05601XAC3 BMW Vehicle Lease Trust
2022-1 A3
1.1% Due 03/25/2025
01/11/2022
01/19/2022
35,000.00
34,995.04
0.00
0.00
34,995.24
6.42
32.08
6.42
32.08
0.20
0.00
0.20
32.28
32.28
06051GEU9 Bank of America Corp
Note
3.3% Due 01/11/2023
01/28/2019
01/30/2019
130,000.00
130,013.10
0.00
0.00
130,011.82
595.83
0.00
953.33
357.50
0.00
1.28
(1.28)
356.22
356.22
06406RAE7 Bank of NY Mellon Corp
Callable Note Cont 12/29/2022
2.95% Due 01/29/2023
09/09/2019
09/11/2019
145,000.00
146,141.95
0.00
0.00
146,025.11
380.22
0.00
736.68
356.46
0.00
116.84
(116.84)
239.62
239.62
084664CZ2 Berkshire Hathaway
Callable Note Cont 2/15/2027
2.3% Due 03/15/2027
03/07/2022
03/15/2022
130,000.00
0.00
129,975.30
0.00
129,975.53
0.00
0.00
132.89
132.89
0.23
0.00
0.23
133.12
133.12
084670BR8 Berkshire Hathaway
Callable Note Cont 1/15/2023
2.75% Due 03/15/2023
08/26/2019
08/28/2019
150,000.00
151,171.65
0.00
0.00
151,058.15
1,902.08
2,062.50
183.33
343.75
0.00
113.50
(113.50)
230.25
230.25
09690AAC7 BMW Vehicle Lease Trust
2021-2 A3
0.33% Due 12/26/2024
09/08/2021
09/15/2021
35,000.00
34,997.12
0.00
0.00
34,997.25
1.93
9.63
1.93
9.63
0.13
0.00
0.13
9.76
9.76
24422EUR8 John Deere Capital Corp
Note
3.45% Due 01/10/2024
03/14/2019
03/18/2019
150,000.00
151,284.42
0.00
0.00
151,225.87
733.13
0.00
1,164.38
431.25
0.00
58.55
(58.55)
372.70
372.70
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 17
3.A.3.a
Packet Pg. 35 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Income Earned
As of March 31, 2022
City of San Jacinto
Account #10167
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
3130A0F70 FHLB
Note
3.375% Due 12/08/2023
01/30/2019
01/31/2019
220,000.00
222,407.41
0.00
0.00
222,292.06
1,711.88
0.00
2,330.63
618.75
0.00
115.35
(115.35)
503.40
503.40
3130A1XJ2 FHLB
Note
2.875% Due 06/14/2024
Various
Various
210,000.00
214,152.59
0.00
0.00
213,998.60
1,291.36
0.00
1,794.48
503.12
0.00
153.99
(153.99)
349.13
349.13
3130A2UW4 FHLB
Note
2.875% Due 09/13/2024
10/29/2019
10/30/2019
150,000.00
154,029.33
0.00
0.00
153,894.58
2,012.50
2,156.25
215.63
359.38
0.00
134.75
(134.75)
224.63
224.63
3130A3GE8 FHLB
Note
2.75% Due 12/13/2024
12/16/2019
12/17/2019
250,000.00
256,518.16
0.00
0.00
256,319.67
1,489.58
0.00
2,062.50
572.92
0.00
198.49
(198.49)
374.43
374.43
3130A3KM5 FHLB
Note
2.5% Due 12/09/2022
09/10/2019
09/13/2019
100,000.00
100,672.93
0.00
0.00
100,599.22
569.44
0.00
777.78
208.34
0.00
73.71
(73.71)
134.63
134.63
3130AJKW8 FHLB
Note
0.5% Due 06/13/2025
06/24/2020
06/25/2020
225,000.00
224,883.90
0.00
0.00
224,886.90
243.75
0.00
337.50
93.75
3.00
0.00
3.00
96.75
96.75
313378WG2 FHLB
Note
Due 03/11/2022
03/13/2018
03/14/2018
0.00
99,996.17
0.00
99,996.93
0.00
1,180.56
1,194.44
0.00
13.88
0.76
0.00
0.76
14.64
14.64
313383YJ4 FHLB
Note
3.375% Due 09/08/2023
12/27/2018
12/28/2018
200,000.00
201,825.24
0.00
0.00
201,723.47
3,243.75
3,375.00
431.25
562.50
0.00
101.77
(101.77)
460.73
460.73
3135G03U5 FNMA
Note
0.625% Due 04/22/2025
Various
Various
310,000.00
309,973.82
0.00
0.00
309,974.53
694.27
0.00
855.73
161.46
7.35
6.64
0.71
162.17
162.17
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 18
3.A.3.a
Packet Pg. 36 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Income Earned
As of March 31, 2022
City of San Jacinto
Account #10167
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
3135G05X7 FNMA
Note
0.375% Due 08/25/2025
08/25/2020
08/27/2020
230,000.00
229,248.76
0.00
0.00
229,267.06
14.38
0.00
86.25
71.87
18.30
0.00
18.30
90.17
90.17
3135G06G3 FNMA
Note
0.5% Due 11/07/2025
11/09/2020
11/12/2020
250,000.00
249,337.97
0.00
0.00
249,353.20
395.83
0.00
500.00
104.17
15.23
0.00
15.23
119.40
119.40
3135G0T94 FNMA
Note
2.375% Due 01/19/2023
10/17/2018
10/19/2018
290,000.00
288,329.53
0.00
0.00
288,489.36
803.54
0.00
1,377.50
573.96
159.83
0.00
159.83
733.79
733.79
3135G0V34 FNMA
Note
2.5% Due 02/05/2024
03/24/2020
03/25/2020
375,000.00
386,917.50
0.00
0.00
386,394.21
677.08
0.00
1,458.33
781.25
0.00
523.29
(523.29)
257.96
257.96
3135G0W33 FNMA
Note
1.375% Due 09/06/2022
09/05/2019
09/06/2019
135,000.00
199,879.98
0.00
64,962.64
134,932.27
1,336.81
1,382.45
128.91
174.55
14.93
0.00
14.93
189.48
189.48
3135G0X24 FNMA
Note
1.625% Due 01/07/2025
01/16/2020
01/17/2020
225,000.00
224,597.04
0.00
0.00
224,609.01
548.44
0.00
853.13
304.69
11.97
0.00
11.97
316.66
316.66
3137EAEN5 FHLMC
Note
2.75% Due 06/19/2023
11/13/2018
11/14/2018
200,000.00
199,200.60
0.00
0.00
199,252.77
1,100.00
0.00
1,558.33
458.33
52.17
0.00
52.17
510.50
510.50
3137EAEP0 FHLMC
Note
1.5% Due 02/12/2025
02/13/2020
02/14/2020
245,000.00
244,888.46
0.00
0.00
244,891.67
193.96
0.00
500.21
306.25
3.21
0.00
3.21
309.46
309.46
3137EAEU9 FHLMC
Note
0.375% Due 07/21/2025
07/21/2020
07/23/2020
145,000.00
144,509.89
0.00
0.00
144,522.16
60.42
0.00
105.73
45.31
12.27
0.00
12.27
57.58
57.58
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 19
3.A.3.a
Packet Pg. 37 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Income Earned
As of March 31, 2022
City of San Jacinto
Account #10167
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
3137EAEX3 FHLMC
Note
0.375% Due 09/23/2025
09/23/2020
09/25/2020
230,000.00
229,505.83
0.00
0.00
229,517.59
378.54
431.25
19.17
71.88
11.76
0.00
11.76
83.64
83.64
3137EAEY1 FHLMC
Note
0.125% Due 10/16/2023
10/22/2020
10/23/2020
180,000.00
179,592.17
0.00
0.00
179,613.45
84.38
0.00
103.13
18.75
21.28
0.00
21.28
40.03
40.03
43813GAC5 Honda Auto Receivables Trust
2021-1 A3
0.27% Due 04/21/2025
02/17/2021
02/24/2021
30,000.00
29,999.63
0.00
0.00
29,999.65
2.25
6.75
2.25
6.75
0.02
0.00
0.02
6.77
6.77
43813KAC6 Honda Auto Receivables Trust
2020-3 A3
0.37% Due 10/18/2024
09/22/2020
09/29/2020
90,000.00
89,992.76
0.00
0.00
89,993.12
12.03
27.67
12.03
27.67
0.36
0.00
0.36
28.03
28.03
43815BAC4 Honda Auto Receivables Trust
2022-1 A3
1.88% Due 05/15/2026
02/15/2022
02/23/2022
60,000.00
59,991.03
0.00
0.00
59,991.26
25.07
68.93
50.13
93.99
0.23
0.00
0.23
94.22
94.22
43815GAC3 Honda Auto Receivables Trust
2021-4 A3
0.88% Due 01/21/2026
11/16/2021
11/24/2021
35,000.00
34,993.22
0.00
0.00
34,993.42
8.56
25.67
8.56
25.67
0.20
0.00
0.20
25.87
25.87
43815NAC8 Honda Auto Receivables Trust
2019-3 A3
1.78% Due 08/15/2023
08/20/2019
08/27/2019
28,503.13
32,700.28
0.00
4,197.20
28,503.09
25.87
48.51
22.55
45.19
0.01
0.00
0.01
45.20
45.20
4581X0DV7 Inter-American Dev Bank
Note
0.875% Due 04/20/2026
04/13/2021
04/20/2021
230,000.00
229,128.32
0.00
0.00
229,146.20
732.33
0.00
900.03
167.70
17.88
0.00
17.88
185.58
185.58
46625HJX9 JP Morgan Chase
Note
3.625% Due 05/13/2024
12/19/2019
12/24/2019
145,000.00
149,296.43
0.00
0.00
149,130.77
1,576.88
0.00
2,014.90
438.02
0.00
165.66
(165.66)
272.36
272.36
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 20
3.A.3.a
Packet Pg. 38 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Income Earned
As of March 31, 2022
City of San Jacinto
Account #10167
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
477870AC3 John Deere Owner Trust
2019-B A3
2.21% Due 12/15/2023
07/16/2019
07/24/2019
10,321.47
12,297.67
0.00
1,977.26
10,320.62
12.08
22.65
10.14
20.71
0.21
0.00
0.21
20.92
20.92
47787JAC2 John Deere Owner Trust
2022-A A3
2.32% Due 09/16/2026
03/10/2022
03/16/2022
45,000.00
0.00
44,990.05
0.00
44,990.17
0.00
0.00
43.50
43.50
0.12
0.00
0.12
43.62
43.62
47787NAC3 John Deere Owner Trust
2020-B A3
0.51% Due 11/15/2024
07/14/2020
07/22/2020
20,742.34
22,417.83
0.00
1,677.33
20,740.72
5.08
9.53
4.70
9.15
0.22
0.00
0.22
9.37
9.37
47788UAC6 John Deere Owner Trust
2021-A A3
0.36% Due 09/15/2025
03/02/2021
03/10/2021
40,000.00
39,994.39
0.00
0.00
39,994.57
6.40
12.00
6.40
12.00
0.18
0.00
0.18
12.18
12.18
47789KAC7 John Deere Owner Trust
2020-A A3
1.1% Due 08/15/2024
03/04/2020
03/11/2020
40,583.50
43,731.27
0.00
3,149.26
40,582.17
21.38
40.09
19.84
38.55
0.16
0.00
0.16
38.71
38.71
47789QAC4 John Deere Owner Trust
2021-B A3
0.52% Due 03/16/2026
07/13/2021
07/21/2021
45,000.00
44,996.66
0.00
0.00
44,996.75
10.40
19.50
10.40
19.50
0.09
0.00
0.09
19.59
19.59
58769KAD6 Mercedes-Benz Auto Lease Trust
2021-B A3
0.4% Due 11/15/2024
06/22/2021
06/29/2021
55,000.00
54,996.94
0.00
0.00
54,997.08
9.78
18.33
9.78
18.33
0.14
0.00
0.14
18.47
18.47
65479JAD5 Nissan Auto Receivables Owner
2019-C A3
1.93% Due 07/15/2024
10/16/2019
10/23/2019
41,656.54
45,703.51
0.00
4,048.18
41,655.47
39.20
73.51
35.73
70.04
0.14
0.00
0.14
70.18
70.18
78015K7H1 Royal Bank of Canada
Note
1.15% Due 06/10/2025
10/14/2021
10/18/2021
200,000.00
199,890.28
0.00
0.00
199,893.12
517.50
0.00
709.17
191.67
2.84
0.00
2.84
194.51
194.51
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 21
3.A.3.a
Packet Pg. 39 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Income Earned
As of March 31, 2022
City of San Jacinto
Account #10167
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
808513BN4 Charles Schwab Corp
Callable Note Cont 2/18/2024
0.75% Due 03/18/2024
03/16/2021
03/18/2021
40,000.00
39,986.35
0.00
0.00
39,986.92
135.83
150.00
10.83
25.00
0.57
0.00
0.57
25.57
25.57
808513BY0 Charles Schwab Corp
Callable Note Cont 2/3/2027
2.45% Due 03/03/2027
03/01/2022
03/03/2022
45,000.00
0.00
44,951.40
0.00
44,952.17
0.00
0.00
85.75
85.75
0.77
0.00
0.77
86.52
86.52
857477BR3 State Street Bank
Callable Note Cont 2/6/2025
1.746% Due 02/06/2026
02/02/2022
02/07/2022
35,000.00
35,000.00
0.00
0.00
35,000.00
40.74
0.00
91.67
50.93
0.00
0.00
0.00
50.93
50.93
87612EBM7 Target Corp
Callable Note Cont 12/15/2026
1.95% Due 01/15/2027
01/19/2022
01/24/2022
65,000.00
64,891.69
0.00
0.00
64,893.57
130.27
0.00
235.90
105.63
1.88
0.00
1.88
107.51
107.51
89114TZG0 Toronto-Dominion Bank
Note
1.25% Due 09/10/2026
11/17/2021
11/19/2021
200,000.00
196,126.85
0.00
0.00
196,199.44
1,187.50
1,250.00
145.83
208.33
72.59
0.00
72.59
280.92
280.92
89236TJK2 Toyota Motor Credit Corp
Note
1.125% Due 06/18/2026
06/15/2021
06/18/2021
120,000.00
119,954.60
0.00
0.00
119,955.50
273.75
0.00
386.25
112.50
0.90
0.00
0.90
113.40
113.40
89236XAC0 Toyota Auto Receivables
2020-D A3
0.35% Due 01/15/2025
10/06/2020
10/13/2020
45,000.00
44,994.34
0.00
0.00
44,994.50
7.00
13.13
7.00
13.13
0.16
0.00
0.16
13.29
13.29
89237VAB5 Toyota Auto Receivables Trust
2020-C A3
0.44% Due 10/15/2024
07/21/2020
07/27/2020
47,279.90
50,691.63
0.00
3,414.16
47,277.71
9.91
18.59
9.25
17.93
0.24
0.00
0.24
18.17
18.17
89238JAC9 Toyota Auto Receivables Trust
2021-D A3
0.71% Due 04/15/2026
11/09/2021
11/15/2021
35,000.00
34,999.32
0.00
0.00
34,999.34
11.04
20.71
11.04
20.71
0.02
0.00
0.02
20.73
20.73
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 22
3.A.3.a
Packet Pg. 40 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Income Earned
As of March 31, 2022
City of San Jacinto
Account #10167
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
89240BAC2 Toyota Auto Receivables Owners
2021-A A3
0.26% Due 05/15/2025
02/02/2021
02/08/2021
75,000.00
74,990.83
0.00
0.00
74,991.21
8.67
16.25
8.67
16.25
0.38
0.00
0.38
16.63
16.63
9128282A7 US Treasury
Note
1.5% Due 08/15/2026
09/23/2021
09/24/2021
150,000.00
153,856.22
0.00
0.00
153,782.79
87.02
0.00
279.70
192.68
0.00
73.43
(73.43)
119.25
119.25
9128282U3 US Treasury
Note
1.875% Due 08/31/2024
12/12/2019
12/13/2019
230,000.00
230,652.93
0.00
0.00
230,630.79
11.72
0.00
375.00
363.28
0.00
22.14
(22.14)
341.14
341.14
9128284D9 US Treasury
Note
2.5% Due 03/31/2023
Various
Various
210,000.00
209,051.70
0.00
0.00
209,126.13
2,192.30
2,625.00
14.35
447.05
74.43
0.00
74.43
521.48
521.48
9128284Z0 US Treasury
Note
2.75% Due 08/31/2025
06/24/2021
06/25/2021
155,000.00
165,840.51
0.00
0.00
165,577.76
11.58
0.00
370.65
359.07
0.00
262.75
(262.75)
96.32
96.32
9128285C0 US Treasury
Note
3% Due 09/30/2025
02/25/2022
02/28/2022
200,000.00
207,798.73
0.00
0.00
207,614.04
2,505.49
3,000.00
16.39
510.90
0.00
184.69
(184.69)
326.21
326.21
912828L24 US Treasury
Note
Due 08/31/2022
07/22/2019
07/23/2019
0.00
150,074.63
0.00
150,064.44
0.00
7.64
198.71
0.00
191.07
0.00
10.19
(10.19)
180.88
180.88
912828V98 US Treasury
Note
2.25% Due 02/15/2027
03/29/2022
03/30/2022
130,000.00
0.00
128,334.38
0.00
128,336.25
0.00
(347.44)
363.60
16.16
1.87
0.00
1.87
18.03
18.03
912828W71 US Treasury
Note
2.125% Due 03/31/2024
12/05/2019
12/06/2019
210,000.00
212,090.10
0.00
0.00
212,004.95
1,863.46
2,231.25
12.19
379.98
0.00
85.15
(85.15)
294.83
294.83
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 23
3.A.3.a
Packet Pg. 41 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Income Earned
As of March 31, 2022
City of San Jacinto
Account #10167
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
912828Y61 US Treasury
Note
2.75% Due 07/31/2023
12/27/2018
12/28/2018
175,000.00
175,377.46
0.00
0.00
175,354.82
385.53
0.00
797.65
412.12
0.00
22.64
(22.64)
389.48
389.48
912828Y87 US Treasury
Note
1.75% Due 07/31/2024
01/17/2020
01/21/2020
220,000.00
220,619.73
0.00
0.00
220,597.98
308.43
0.00
638.12
329.69
0.00
21.75
(21.75)
307.94
307.94
912828YV6 US Treasury
Note
1.5% Due 11/30/2024
12/12/2019
12/13/2019
230,000.00
228,571.44
0.00
0.00
228,615.50
862.50
0.00
1,156.32
293.82
44.06
0.00
44.06
337.88
337.88
912828ZC7 US Treasury
Note
1.125% Due 02/28/2025
03/24/2020
03/25/2020
400,000.00
407,324.45
0.00
0.00
407,117.09
12.23
0.00
391.30
379.07
0.00
207.36
(207.36)
171.71
171.71
912828ZT0 US Treasury
Note
0.25% Due 05/31/2025
06/04/2020
06/05/2020
230,000.00
228,940.00
0.00
0.00
228,967.68
143.75
0.00
192.72
48.97
27.68
0.00
27.68
76.65
76.65
91282CAZ4 US Treasury
Note
0.375% Due 11/30/2025
12/15/2020
12/16/2020
240,000.00
240,014.19
0.00
0.00
240,013.87
225.00
0.00
301.65
76.65
0.00
0.32
(0.32)
76.33
76.33
91282CBC4 US Treasury
Note
0.375% Due 12/31/2025
01/28/2021
01/29/2021
250,000.00
249,642.16
0.00
0.00
249,650.08
155.39
0.00
235.67
80.28
7.92
0.00
7.92
88.20
88.20
91282CBQ3 US Treasury
Note
0.5% Due 02/28/2026
03/24/2021
03/25/2021
250,000.00
246,857.11
0.00
0.00
246,923.84
3.40
0.00
108.70
105.30
66.73
0.00
66.73
172.03
172.03
91282CBT7 US Treasury
Note
0.75% Due 03/31/2026
Various
Various
250,000.00
248,912.99
0.00
0.00
248,935.59
782.97
937.50
5.12
159.65
22.60
0.00
22.60
182.25
182.25
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 24
3.A.3.a
Packet Pg. 42 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Income Earned
As of March 31, 2022
City of San Jacinto
Account #10167
CUSIP Security Description
Trade Date
Settle Date
Units
Book Value: Begin
Book Value: Acq
Book Value: Disp
Book Value: End
Prior Accrued
Inc. Received
Ending Accrued
Total Interest
Accr. Of Discount
Amort. Of Premium
Net Accret/Amort
Income Earned
Total Income
91282CCP4 US Treasury
Note
0.625% Due 07/31/2026
08/25/2021
08/26/2021
300,000.00
297,448.18
0.00
0.00
297,497.22
150.21
0.00
310.77
160.56
49.04
0.00
49.04
209.60
209.60
91282CDN8 US Treasury
Note
1% Due 12/15/2024
12/22/2021
12/23/2021
185,000.00
185,291.32
0.00
0.00
185,282.46
386.26
0.00
543.82
157.56
0.00
8.86
(8.86)
148.70
148.70
91324PEC2 United Health Group Inc
Callable Note Cont 4/15/2026
1.15% Due 05/15/2026
Various
Various
30,000.00
30,082.91
0.00
0.00
30,081.21
101.58
0.00
130.33
28.75
0.00
1.70
(1.70)
27.05
27.05
931142ER0 Wal-Mart Stores
Callable Note Cont 08/17/2026
1.05% Due 09/17/2026
09/08/2021
09/17/2021
30,000.00
29,948.42
0.00
0.00
29,949.39
143.50
157.50
12.25
26.25
0.97
0.00
0.97
27.22
27.22
Total Fixed Income 11,134,086.88
11,168,625.97
348,251.13
333,487.40
11,181,493.73
38,495.52
21,287.94
31,913.46
14,705.88
768.83
2,664.80
(1,895.97)
12,809.91 12,809.91
CASH & EQUIVALENT
31846V203 First American
Govt Obligation Fund Class Y
Various
Various
17,584.20
11,239.08
70,439.73
64,094.61
17,584.20
0.00
0.24
0.00
0.24
0.00
0.00
0.00
0.24
0.24
Total Cash & Equivalent 17,584.20
11,239.08
70,439.73
64,094.61
17,584.20
0.00
0.24
0.00
0.24
0.00
0.00
0.00
0.24 0.24
TOTAL PORTFOLIO 11,151,671.08
11,179,865.05
418,690.86
397,582.01
11,199,077.93
38,495.52
21,288.18
31,913.46
14,706.12
768.83
2,664.80
(1,895.97)
12,810.15 12,810.15
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 25
3.A.3.a
Packet Pg. 43 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Cash Flow Report
As of March 31, 2022
City of San Jacinto
Account #10167
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
04/15/2022 Paydown 43815BAC4 60,000.00 Honda Auto Receivables Trust 2022-1 A3
1.88% Due 5/15/2026
0.00 94.00 94.00
04/15/2022 Paydown 65479JAD5 41,656.54 Nissan Auto Receivables Owner 2019-C A3
1.93% Due 7/15/2024
1,443.03 67.00 1,510.03
04/15/2022 Paydown 43815NAC8 28,503.13 Honda Auto Receivables Trust 2019-3 A3
1.78% Due 8/15/2023
5,417.33 42.28 5,459.61
04/15/2022 Paydown 47787JAC2 45,000.00 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
0.00 84.10 84.10
04/15/2022 Paydown 47789KAC7 40,583.50 John Deere Owner Trust 2020-A A3
1.1% Due 8/15/2024
1,346.29 37.20 1,383.49
04/15/2022 Paydown 89236XAC0 45,000.00 Toyota Auto Receivables 2020-D A3
0.35% Due 1/15/2025
1,397.67 13.13 1,410.80
04/15/2022 Paydown 89237VAB5 47,279.90 Toyota Auto Receivables Trust 2020-C A3
0.44% Due 10/15/2024
1,516.78 17.34 1,534.12
04/15/2022 Paydown 477870AC3 10,321.47 John Deere Owner Trust 2019-B A3
2.21% Due 12/15/2023
481.34 19.01 500.35
04/15/2022 Paydown 47787NAC3 20,742.34 John Deere Owner Trust 2020-B A3
0.51% Due 11/15/2024
938.96 8.82 947.78
04/15/2022 Paydown 47788UAC6 40,000.00 John Deere Owner Trust 2021-A A3
0.36% Due 9/15/2025
0.00 12.00 12.00
04/15/2022 Paydown 47789QAC4 45,000.00 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
0.00 19.50 19.50
04/15/2022 Paydown 58769KAD6 55,000.00 Mercedes-Benz Auto Lease Trust 2021-B A3
0.4% Due 11/15/2024
0.00 18.33 18.33
04/15/2022 Paydown 89238JAC9 35,000.00 Toyota Auto Receivables Trust 2021-D A3
0.71% Due 4/15/2026
0.00 20.71 20.71
04/15/2022 Paydown 89240BAC2 75,000.00 Toyota Auto Receivables Owners 2021-A A3
0.26% Due 5/15/2025
0.00 16.25 16.25
04/16/2022 Interest 3137EAEY1 180,000.00 FHLMC Note
0.125% Due 10/16/2023
0.00 112.50 112.50
04/18/2022 Paydown 43813KAC6 90,000.00 Honda Auto Receivables Trust 2020-3 A3
0.37% Due 10/18/2024
4,486.83 27.75 4,514.58
04/20/2022 Interest 4581X0DV7 230,000.00 Inter-American Dev Bank Note
0.875% Due 4/20/2026
0.00 1,006.25 1,006.25
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 26
3.A.3.a
Packet Pg. 44 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Cash Flow Report
As of March 31, 2022
City of San Jacinto
Account #10167
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
04/21/2022 Paydown 43813GAC5 30,000.00 Honda Auto Receivables Trust 2021-1 A3
0.27% Due 4/21/2025
0.00 6.75 6.75
04/21/2022 Paydown 43815GAC3 35,000.00 Honda Auto Receivables Trust 2021-4 A3
0.88% Due 1/21/2026
0.00 25.67 25.67
04/22/2022 Interest 3135G03U5 310,000.00 FNMA Note
0.625% Due 4/22/2025
0.00 968.75 968.75
04/25/2022 Paydown 05601XAC3 35,000.00 BMW Vehicle Lease Trust 2022-1 A3
1.1% Due 3/25/2025
0.00 32.08 32.08
04/25/2022 Paydown 09690AAC7 35,000.00 BMW Vehicle Lease Trust 2021-2 A3
0.33% Due 12/26/2024
0.00 9.63 9.63
APR 2022 17,028.23 2,659.05 19,687.28
05/03/2022 Interest 037833AK6 200,000.00 Apple Inc Note
2.4% Due 5/3/2023
0.00 2,400.00 2,400.00
05/07/2022 Interest 3135G06G3 250,000.00 FNMA Note
0.5% Due 11/7/2025
0.00 625.00 625.00
05/12/2022 Interest 023135BW5 90,000.00 Amazon.com Inc Note
0.45% Due 5/12/2024
0.00 202.50 202.50
05/13/2022 Interest 46625HJX9 145,000.00 JP Morgan Chase Note
3.625% Due 5/13/2024
0.00 2,628.13 2,628.13
05/15/2022 Interest 91324PEC2 30,000.00 United Health Group Inc Callable Note Cont
4/15/2026
1.15% Due 5/15/2026
0.00 172.50 172.50
05/15/2022 Paydown 477870AC3 10,321.47 John Deere Owner Trust 2019-B A3
2.21% Due 12/15/2023
482.34 18.12 500.46
05/15/2022 Paydown 47787NAC3 20,742.34 John Deere Owner Trust 2020-B A3
0.51% Due 11/15/2024
939.33 8.42 947.75
05/15/2022 Paydown 47789QAC4 45,000.00 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
0.00 19.50 19.50
05/15/2022 Paydown 58769KAD6 55,000.00 Mercedes-Benz Auto Lease Trust 2021-B A3
0.4% Due 11/15/2024
0.00 18.33 18.33
05/15/2022 Paydown 89237VAB5 47,279.90 Toyota Auto Receivables Trust 2020-C A3
0.44% Due 10/15/2024
1,517.34 16.78 1,534.12
05/15/2022 Paydown 89240BAC2 75,000.00 Toyota Auto Receivables Owners 2021-A A3
0.26% Due 5/15/2025
0.00 16.25 16.25
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 27
3.A.3.a
Packet Pg. 45 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Cash Flow Report
As of March 31, 2022
City of San Jacinto
Account #10167
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
05/15/2022 Paydown 47787JAC2 45,000.00 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
0.00 87.00 87.00
05/15/2022 Paydown 47789KAC7 40,583.50 John Deere Owner Trust 2020-A A3
1.1% Due 8/15/2024
1,349.99 35.97 1,385.96
05/15/2022 Paydown 89236XAC0 45,000.00 Toyota Auto Receivables 2020-D A3
0.35% Due 1/15/2025
1,393.67 12.72 1,406.39
05/15/2022 Paydown 43815BAC4 60,000.00 Honda Auto Receivables Trust 2022-1 A3
1.88% Due 5/15/2026
0.00 94.00 94.00
05/15/2022 Paydown 47788UAC6 40,000.00 John Deere Owner Trust 2021-A A3
0.36% Due 9/15/2025
0.00 12.00 12.00
05/15/2022 Paydown 89238JAC9 35,000.00 Toyota Auto Receivables Trust 2021-D A3
0.71% Due 4/15/2026
0.00 20.71 20.71
05/15/2022 Paydown 43815NAC8 28,503.13 Honda Auto Receivables Trust 2019-3 A3
1.78% Due 8/15/2023
5,151.47 34.24 5,185.71
05/15/2022 Paydown 65479JAD5 41,656.54 Nissan Auto Receivables Owner 2019-C A3
1.93% Due 7/15/2024
1,446.28 64.68 1,510.96
05/18/2022 Paydown 43813KAC6 90,000.00 Honda Auto Receivables Trust 2020-3 A3
0.37% Due 10/18/2024
4,488.21 26.37 4,514.58
05/21/2022 Paydown 43813GAC5 30,000.00 Honda Auto Receivables Trust 2021-1 A3
0.27% Due 4/21/2025
0.00 6.75 6.75
05/21/2022 Paydown 43815GAC3 35,000.00 Honda Auto Receivables Trust 2021-4 A3
0.88% Due 1/21/2026
0.00 25.67 25.67
05/25/2022 Paydown 05601XAC3 35,000.00 BMW Vehicle Lease Trust 2022-1 A3
1.1% Due 3/25/2025
0.00 32.08 32.08
05/25/2022 Paydown 09690AAC7 35,000.00 BMW Vehicle Lease Trust 2021-2 A3
0.33% Due 12/26/2024
0.00 9.63 9.63
05/31/2022 Interest 912828YV6 230,000.00 US Treasury Note
1.5% Due 11/30/2024
0.00 1,725.00 1,725.00
05/31/2022 Interest 912828ZT0 230,000.00 US Treasury Note
0.25% Due 5/31/2025
0.00 287.50 287.50
05/31/2022 Interest 91282CAZ4 240,000.00 US Treasury Note
0.375% Due 11/30/2025
0.00 450.00 450.00
MAY 2022 16,768.63 9,049.85 25,818.48
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 28
3.A.3.a
Packet Pg. 46 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Cash Flow Report
As of March 31, 2022
City of San Jacinto
Account #10167
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
06/08/2022 Interest 3130A0F70 220,000.00 FHLB Note
3.375% Due 12/8/2023
0.00 3,712.50 3,712.50
06/09/2022 Interest 3130A3KM5 100,000.00 FHLB Note
2.5% Due 12/9/2022
0.00 1,250.00 1,250.00
06/10/2022 Interest 78015K7H1 200,000.00 Royal Bank of Canada Note
1.15% Due 6/10/2025
0.00 1,150.00 1,150.00
06/13/2022 Interest 3130A3GE8 250,000.00 FHLB Note
2.75% Due 12/13/2024
0.00 3,437.50 3,437.50
06/13/2022 Interest 3130AJKW8 225,000.00 FHLB Note
0.5% Due 6/13/2025
0.00 562.50 562.50
06/14/2022 Interest 3130A1XJ2 210,000.00 FHLB Note
2.875% Due 6/14/2024
0.00 3,018.76 3,018.76
06/15/2022 Interest 91282CDN8 185,000.00 US Treasury Note
1% Due 12/15/2024
0.00 925.00 925.00
06/15/2022 Paydown 477870AC3 10,321.47 John Deere Owner Trust 2019-B A3
2.21% Due 12/15/2023
483.35 17.23 500.58
06/15/2022 Paydown 47789KAC7 40,583.50 John Deere Owner Trust 2020-A A3
1.1% Due 8/15/2024
1,353.71 34.73 1,388.44
06/15/2022 Paydown 89236XAC0 45,000.00 Toyota Auto Receivables 2020-D A3
0.35% Due 1/15/2025
1,389.63 12.31 1,401.94
06/15/2022 Paydown 89237VAB5 47,279.90 Toyota Auto Receivables Trust 2020-C A3
0.44% Due 10/15/2024
1,517.90 16.22 1,534.12
06/15/2022 Paydown 58769KAD6 55,000.00 Mercedes-Benz Auto Lease Trust 2021-B A3
0.4% Due 11/15/2024
0.00 18.33 18.33
06/15/2022 Paydown 43815BAC4 60,000.00 Honda Auto Receivables Trust 2022-1 A3
1.88% Due 5/15/2026
0.00 94.00 94.00
06/15/2022 Paydown 47787NAC3 20,742.34 John Deere Owner Trust 2020-B A3
0.51% Due 11/15/2024
939.69 8.02 947.71
06/15/2022 Paydown 47788UAC6 40,000.00 John Deere Owner Trust 2021-A A3
0.36% Due 9/15/2025
0.00 12.00 12.00
06/15/2022 Paydown 47789QAC4 45,000.00 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
0.00 19.50 19.50
06/15/2022 Paydown 65479JAD5 41,656.54 Nissan Auto Receivables Owner 2019-C A3
1.93% Due 7/15/2024
1,449.54 62.35 1,511.89
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 29
3.A.3.a
Packet Pg. 47 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Cash Flow Report
As of March 31, 2022
City of San Jacinto
Account #10167
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
06/15/2022 Paydown 89238JAC9 35,000.00 Toyota Auto Receivables Trust 2021-D A3
0.71% Due 4/15/2026
0.00 20.71 20.71
06/15/2022 Paydown 89240BAC2 75,000.00 Toyota Auto Receivables Owners 2021-A A3
0.26% Due 5/15/2025
3,397.47 16.25 3,413.72
06/15/2022 Paydown 43815NAC8 28,503.13 Honda Auto Receivables Trust 2019-3 A3
1.78% Due 8/15/2023
4,884.96 26.60 4,911.56
06/15/2022 Paydown 47787JAC2 45,000.00 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
0.00 87.00 87.00
06/18/2022 Interest 89236TJK2 120,000.00 Toyota Motor Credit Corp Note
1.125% Due 6/18/2026
0.00 675.00 675.00
06/18/2022 Paydown 43813KAC6 90,000.00 Honda Auto Receivables Trust 2020-3 A3
0.37% Due 10/18/2024
4,489.60 24.98 4,514.58
06/19/2022 Interest 3137EAEN5 200,000.00 FHLMC Note
2.75% Due 6/19/2023
0.00 2,750.00 2,750.00
06/21/2022 Paydown 43815GAC3 35,000.00 Honda Auto Receivables Trust 2021-4 A3
0.88% Due 1/21/2026
0.00 25.67 25.67
06/21/2022 Paydown 43813GAC5 30,000.00 Honda Auto Receivables Trust 2021-1 A3
0.27% Due 4/21/2025
0.00 6.75 6.75
06/25/2022 Paydown 05601XAC3 35,000.00 BMW Vehicle Lease Trust 2022-1 A3
1.1% Due 3/25/2025
0.00 32.08 32.08
06/25/2022 Paydown 09690AAC7 35,000.00 BMW Vehicle Lease Trust 2021-2 A3
0.33% Due 12/26/2024
0.00 9.63 9.63
06/30/2022 Interest 91282CBC4 250,000.00 US Treasury Note
0.375% Due 12/31/2025
0.00 468.75 468.75
JUN 2022 19,905.85 18,494.37 38,400.22
07/07/2022 Interest 3135G0X24 225,000.00 FNMA Note
1.625% Due 1/7/2025
0.00 1,828.13 1,828.13
07/10/2022 Interest 24422EUR8 150,000.00 John Deere Capital Corp Note
3.45% Due 1/10/2024
0.00 2,587.50 2,587.50
07/11/2022 Interest 06051GEU9 130,000.00 Bank of America Corp Note
3.3% Due 1/11/2023
0.00 2,145.00 2,145.00
07/15/2022 Interest 87612EBM7 65,000.00 Target Corp Callable Note Cont 12/15/2026
1.95% Due 1/15/2027
0.00 602.06 602.06
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 30
3.A.3.a
Packet Pg. 48 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Cash Flow Report
As of March 31, 2022
City of San Jacinto
Account #10167
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
07/15/2022 Paydown 89237VAB5 47,279.90 Toyota Auto Receivables Trust 2020-C A3
0.44% Due 10/15/2024
1,518.45 15.67 1,534.12
07/15/2022 Paydown 89240BAC2 75,000.00 Toyota Auto Receivables Owners 2021-A A3
0.26% Due 5/15/2025
3,398.58 15.51 3,414.09
07/15/2022 Paydown 47787JAC2 45,000.00 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
0.00 87.00 87.00
07/15/2022 Paydown 47788UAC6 40,000.00 John Deere Owner Trust 2021-A A3
0.36% Due 9/15/2025
0.00 12.00 12.00
07/15/2022 Paydown 89238JAC9 35,000.00 Toyota Auto Receivables Trust 2021-D A3
0.71% Due 4/15/2026
0.00 20.71 20.71
07/15/2022 Paydown 43815NAC8 28,503.13 Honda Auto Receivables Trust 2019-3 A3
1.78% Due 8/15/2023
4,617.80 19.36 4,637.16
07/15/2022 Paydown 47787NAC3 20,742.34 John Deere Owner Trust 2020-B A3
0.51% Due 11/15/2024
940.06 7.62 947.68
07/15/2022 Paydown 47789QAC4 45,000.00 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
0.00 19.50 19.50
07/15/2022 Paydown 65479JAD5 41,656.54 Nissan Auto Receivables Owner 2019-C A3
1.93% Due 7/15/2024
1,452.80 60.02 1,512.82
07/15/2022 Paydown 477870AC3 10,321.47 John Deere Owner Trust 2019-B A3
2.21% Due 12/15/2023
484.36 16.34 500.70
07/15/2022 Paydown 58769KAD6 55,000.00 Mercedes-Benz Auto Lease Trust 2021-B A3
0.4% Due 11/15/2024
0.00 18.33 18.33
07/15/2022 Paydown 43815BAC4 60,000.00 Honda Auto Receivables Trust 2022-1 A3
1.88% Due 5/15/2026
0.00 94.00 94.00
07/15/2022 Paydown 47789KAC7 40,583.50 John Deere Owner Trust 2020-A A3
1.1% Due 8/15/2024
1,357.43 33.49 1,390.92
07/15/2022 Paydown 89236XAC0 45,000.00 Toyota Auto Receivables 2020-D A3
0.35% Due 1/15/2025
1,385.53 11.91 1,397.44
07/18/2022 Paydown 43813KAC6 90,000.00 Honda Auto Receivables Trust 2020-3 A3
0.37% Due 10/18/2024
4,490.98 23.60 4,514.58
07/19/2022 Interest 3135G0T94 290,000.00 FNMA Note
2.375% Due 1/19/2023
0.00 3,443.75 3,443.75
07/21/2022 Interest 3137EAEU9 145,000.00 FHLMC Note
0.375% Due 7/21/2025
0.00 271.88 271.88
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 31
3.A.3.a
Packet Pg. 49 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Cash Flow Report
As of March 31, 2022
City of San Jacinto
Account #10167
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
07/21/2022 Paydown 43815GAC3 35,000.00 Honda Auto Receivables Trust 2021-4 A3
0.88% Due 1/21/2026
0.00 25.67 25.67
07/21/2022 Paydown 43813GAC5 30,000.00 Honda Auto Receivables Trust 2021-1 A3
0.27% Due 4/21/2025
0.00 6.75 6.75
07/25/2022 Paydown 09690AAC7 35,000.00 BMW Vehicle Lease Trust 2021-2 A3
0.33% Due 12/26/2024
0.00 9.63 9.63
07/25/2022 Paydown 05601XAC3 35,000.00 BMW Vehicle Lease Trust 2022-1 A3
1.1% Due 3/25/2025
0.00 32.08 32.08
07/29/2022 Interest 06406RAE7 145,000.00 Bank of NY Mellon Corp Callable Note Cont
12/29/2022
2.95% Due 1/29/2023
0.00 2,138.75 2,138.75
07/31/2022 Interest 912828Y87 220,000.00 US Treasury Note
1.75% Due 7/31/2024
0.00 1,925.00 1,925.00
07/31/2022 Interest 912828Y61 175,000.00 US Treasury Note
2.75% Due 7/31/2023
0.00 2,406.25 2,406.25
07/31/2022 Interest 91282CCP4 300,000.00 US Treasury Note
0.625% Due 7/31/2026
0.00 937.50 937.50
JUL 2022 19,645.99 18,815.01 38,461.00
08/05/2022 Interest 3135G0V34 375,000.00 FNMA Note
2.5% Due 2/5/2024
0.00 4,687.50 4,687.50
08/06/2022 Interest 857477BR3 35,000.00 State Street Bank Callable Note Cont 2/6/2025
1.746% Due 2/6/2026
0.00 303.85 303.85
08/12/2022 Interest 3137EAEP0 245,000.00 FHLMC Note
1.5% Due 2/12/2025
0.00 1,837.50 1,837.50
08/15/2022 Interest 9128282A7 150,000.00 US Treasury Note
1.5% Due 8/15/2026
0.00 1,125.00 1,125.00
08/15/2022 Interest 912828V98 130,000.00 US Treasury Note
2.25% Due 2/15/2027
0.00 1,462.50 1,462.50
08/15/2022 Paydown 47787NAC3 20,742.34 John Deere Owner Trust 2020-B A3
0.51% Due 11/15/2024
940.43 7.22 947.65
08/15/2022 Paydown 47788UAC6 40,000.00 John Deere Owner Trust 2021-A A3
0.36% Due 9/15/2025
0.00 12.00 12.00
08/15/2022 Paydown 47789QAC4 45,000.00 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
0.00 19.50 19.50
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 32
3.A.3.a
Packet Pg. 50 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Cash Flow Report
As of March 31, 2022
City of San Jacinto
Account #10167
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
08/15/2022 Paydown 58769KAD6 55,000.00 Mercedes-Benz Auto Lease Trust 2021-B A3
0.4% Due 11/15/2024
0.00 18.33 18.33
08/15/2022 Paydown 89238JAC9 35,000.00 Toyota Auto Receivables Trust 2021-D A3
0.71% Due 4/15/2026
0.00 20.71 20.71
08/15/2022 Paydown 89240BAC2 75,000.00 Toyota Auto Receivables Owners 2021-A A3
0.26% Due 5/15/2025
3,399.68 14.78 3,414.46
08/15/2022 Paydown 43815NAC8 28,503.13 Honda Auto Receivables Trust 2019-3 A3
1.78% Due 8/15/2023
4,350.00 12.51 4,362.51
08/15/2022 Paydown 47787JAC2 45,000.00 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
0.00 87.00 87.00
08/15/2022 Paydown 47789KAC7 40,583.50 John Deere Owner Trust 2020-A A3
1.1% Due 8/15/2024
1,361.17 32.24 1,393.41
08/15/2022 Paydown 89236XAC0 45,000.00 Toyota Auto Receivables 2020-D A3
0.35% Due 1/15/2025
1,381.40 11.50 1,392.90
08/15/2022 Paydown 89237VAB5 47,279.90 Toyota Auto Receivables Trust 2020-C A3
0.44% Due 10/15/2024
1,519.01 15.11 1,534.12
08/15/2022 Paydown 43815BAC4 60,000.00 Honda Auto Receivables Trust 2022-1 A3
1.88% Due 5/15/2026
0.00 94.00 94.00
08/15/2022 Paydown 65479JAD5 41,656.54 Nissan Auto Receivables Owner 2019-C A3
1.93% Due 7/15/2024
1,456.07 57.68 1,513.75
08/15/2022 Paydown 477870AC3 10,321.47 John Deere Owner Trust 2019-B A3
2.21% Due 12/15/2023
485.36 15.45 500.81
08/18/2022 Paydown 43813KAC6 90,000.00 Honda Auto Receivables Trust 2020-3 A3
0.37% Due 10/18/2024
4,492.37 22.21 4,514.58
08/21/2022 Paydown 43815GAC3 35,000.00 Honda Auto Receivables Trust 2021-4 A3
0.88% Due 1/21/2026
0.00 25.67 25.67
08/21/2022 Paydown 43813GAC5 30,000.00 Honda Auto Receivables Trust 2021-1 A3
0.27% Due 4/21/2025
1,496.56 6.75 1,503.31
08/25/2022 Interest 3135G05X7 230,000.00 FNMA Note
0.375% Due 8/25/2025
0.00 431.25 431.25
08/25/2022 Paydown 05601XAC3 35,000.00 BMW Vehicle Lease Trust 2022-1 A3
1.1% Due 3/25/2025
0.00 32.08 32.08
08/25/2022 Paydown 09690AAC7 35,000.00 BMW Vehicle Lease Trust 2021-2 A3
0.33% Due 12/26/2024
0.00 9.63 9.63
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 33
3.A.3.a
Packet Pg. 51 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Cash Flow Report
As of March 31, 2022
City of San Jacinto
Account #10167
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
08/31/2022 Interest 9128282U3 230,000.00 US Treasury Note
1.875% Due 8/31/2024
0.00 2,156.25 2,156.25
08/31/2022 Interest 912828ZC7 400,000.00 US Treasury Note
1.125% Due 2/28/2025
0.00 2,250.00 2,250.00
08/31/2022 Interest 9128284Z0 155,000.00 US Treasury Note
2.75% Due 8/31/2025
0.00 2,131.25 2,131.25
08/31/2022 Interest 91282CBQ3 250,000.00 US Treasury Note
0.5% Due 2/28/2026
0.00 625.00 625.00
AUG 2022 20,882.05 17,524.47 38,406.52
09/03/2022 Interest 808513BY0 45,000.00 Charles Schwab Corp Callable Note Cont 2/3/2027
2.45% Due 3/3/2027
0.00 551.25 551.25
09/06/2022 Maturity 3135G0W33 135,000.00 FNMA Note
1.375% Due 9/6/2022
135,000.00 928.13 135,928.13
09/08/2022 Interest 313383YJ4 200,000.00 FHLB Note
3.375% Due 9/8/2023
0.00 3,375.00 3,375.00
09/10/2022 Interest 89114TZG0 200,000.00 Toronto-Dominion Bank Note
1.25% Due 9/10/2026
0.00 1,250.00 1,250.00
09/13/2022 Interest 3130A2UW4 150,000.00 FHLB Note
2.875% Due 9/13/2024
0.00 2,156.25 2,156.25
09/15/2022 Interest 084670BR8 150,000.00 Berkshire Hathaway Callable Note Cont 1/15/2023
2.75% Due 3/15/2023
0.00 2,062.50 2,062.50
09/15/2022 Interest 084664CZ2 130,000.00 Berkshire Hathaway Callable Note Cont 2/15/2027
2.3% Due 3/15/2027
0.00 1,495.00 1,495.00
09/15/2022 Paydown 43815NAC8 28,503.13 Honda Auto Receivables Trust 2019-3 A3
1.78% Due 8/15/2023
4,081.57 6.05 4,087.62
09/15/2022 Paydown 65479JAD5 41,656.54 Nissan Auto Receivables Owner 2019-C A3
1.93% Due 7/15/2024
1,459.34 55.34 1,514.68
09/15/2022 Paydown 43815BAC4 60,000.00 Honda Auto Receivables Trust 2022-1 A3
1.88% Due 5/15/2026
0.00 94.00 94.00
09/15/2022 Paydown 47788UAC6 40,000.00 John Deere Owner Trust 2021-A A3
0.36% Due 9/15/2025
0.00 12.00 12.00
09/15/2022 Paydown 89238JAC9 35,000.00 Toyota Auto Receivables Trust 2021-D A3
0.71% Due 4/15/2026
0.00 20.71 20.71
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 34
3.A.3.a
Packet Pg. 52 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Cash Flow Report
As of March 31, 2022
City of San Jacinto
Account #10167
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
09/15/2022 Paydown 47787JAC2 45,000.00 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
0.00 87.00 87.00
09/15/2022 Paydown 47789KAC7 40,583.50 John Deere Owner Trust 2020-A A3
1.1% Due 8/15/2024
1,364.90 31.00 1,395.90
09/15/2022 Paydown 89236XAC0 45,000.00 Toyota Auto Receivables 2020-D A3
0.35% Due 1/15/2025
1,377.22 11.10 1,388.32
09/15/2022 Paydown 477870AC3 10,321.47 John Deere Owner Trust 2019-B A3
2.21% Due 12/15/2023
486.37 14.56 500.93
09/15/2022 Paydown 47787NAC3 20,742.34 John Deere Owner Trust 2020-B A3
0.51% Due 11/15/2024
940.80 6.82 947.62
09/15/2022 Paydown 47789QAC4 45,000.00 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
0.00 19.50 19.50
09/15/2022 Paydown 58769KAD6 55,000.00 Mercedes-Benz Auto Lease Trust 2021-B A3
0.4% Due 11/15/2024
0.00 18.33 18.33
09/15/2022 Paydown 89237VAB5 47,279.90 Toyota Auto Receivables Trust 2020-C A3
0.44% Due 10/15/2024
1,519.57 14.55 1,534.12
09/15/2022 Paydown 89240BAC2 75,000.00 Toyota Auto Receivables Owners 2021-A A3
0.26% Due 5/15/2025
3,400.79 14.04 3,414.83
09/17/2022 Interest 931142ER0 30,000.00 Wal-Mart Stores Callable Note Cont 08/17/2026
1.05% Due 9/17/2026
0.00 157.50 157.50
09/18/2022 Interest 808513BN4 40,000.00 Charles Schwab Corp Callable Note Cont 2/18/2024
0.75% Due 3/18/2024
0.00 150.00 150.00
09/18/2022 Paydown 43813KAC6 90,000.00 Honda Auto Receivables Trust 2020-3 A3
0.37% Due 10/18/2024
4,493.75 20.83 4,514.58
09/21/2022 Paydown 43813GAC5 30,000.00 Honda Auto Receivables Trust 2021-1 A3
0.27% Due 4/21/2025
1,496.92 6.41 1,503.33
09/21/2022 Paydown 43815GAC3 35,000.00 Honda Auto Receivables Trust 2021-4 A3
0.88% Due 1/21/2026
0.00 25.67 25.67
09/23/2022 Interest 3137EAEX3 230,000.00 FHLMC Note
0.375% Due 9/23/2025
0.00 431.25 431.25
09/25/2022 Paydown 09690AAC7 35,000.00 BMW Vehicle Lease Trust 2021-2 A3
0.33% Due 12/26/2024
0.00 9.63 9.63
09/25/2022 Paydown 05601XAC3 35,000.00 BMW Vehicle Lease Trust 2022-1 A3
1.1% Due 3/25/2025
0.00 32.08 32.08
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 35
3.A.3.a
Packet Pg. 53 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Cash Flow Report
As of March 31, 2022
City of San Jacinto
Account #10167
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
09/30/2022 Interest 9128284D9 210,000.00 US Treasury Note
2.5% Due 3/31/2023
0.00 2,625.00 2,625.00
09/30/2022 Interest 9128285C0 200,000.00 US Treasury Note
3% Due 9/30/2025
0.00 3,000.00 3,000.00
09/30/2022 Interest 912828W71 210,000.00 US Treasury Note
2.125% Due 3/31/2024
0.00 2,231.25 2,231.25
09/30/2022 Interest 91282CBT7 250,000.00 US Treasury Note
0.75% Due 3/31/2026
0.00 937.50 937.50
SEP 2022 155,621.23 21,850.25 177,471.48
10/15/2022 Paydown 477870AC3 10,321.47 John Deere Owner Trust 2019-B A3
2.21% Due 12/15/2023
487.39 13.66 501.05
10/15/2022 Paydown 47789KAC7 40,583.50 John Deere Owner Trust 2020-A A3
1.1% Due 8/15/2024
1,368.66 29.75 1,398.41
10/15/2022 Paydown 89236XAC0 45,000.00 Toyota Auto Receivables 2020-D A3
0.35% Due 1/15/2025
1,372.99 10.70 1,383.69
10/15/2022 Paydown 89237VAB5 47,279.90 Toyota Auto Receivables Trust 2020-C A3
0.44% Due 10/15/2024
1,520.12 14.00 1,534.12
10/15/2022 Paydown 58769KAD6 55,000.00 Mercedes-Benz Auto Lease Trust 2021-B A3
0.4% Due 11/15/2024
0.00 18.33 18.33
10/15/2022 Paydown 47787JAC2 45,000.00 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
0.00 87.00 87.00
10/15/2022 Paydown 43815BAC4 60,000.00 Honda Auto Receivables Trust 2022-1 A3
1.88% Due 5/15/2026
0.00 94.00 94.00
10/15/2022 Paydown 47787NAC3 20,742.34 John Deere Owner Trust 2020-B A3
0.51% Due 11/15/2024
941.17 6.42 947.59
10/15/2022 Paydown 47788UAC6 40,000.00 John Deere Owner Trust 2021-A A3
0.36% Due 9/15/2025
0.00 12.00 12.00
10/15/2022 Paydown 47789QAC4 45,000.00 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
0.00 19.50 19.50
10/15/2022 Paydown 65479JAD5 41,656.54 Nissan Auto Receivables Owner 2019-C A3
1.93% Due 7/15/2024
1,462.63 52.99 1,515.62
10/15/2022 Paydown 89238JAC9 35,000.00 Toyota Auto Receivables Trust 2021-D A3
0.71% Due 4/15/2026
0.00 20.71 20.71
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 36
3.A.3.a
Packet Pg. 54 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Cash Flow Report
As of March 31, 2022
City of San Jacinto
Account #10167
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
10/15/2022 Paydown 89240BAC2 75,000.00 Toyota Auto Receivables Owners 2021-A A3
0.26% Due 5/15/2025
3,401.89 13.30 3,415.19
10/16/2022 Interest 3137EAEY1 180,000.00 FHLMC Note
0.125% Due 10/16/2023
0.00 112.50 112.50
10/18/2022 Paydown 43813KAC6 90,000.00 Honda Auto Receivables Trust 2020-3 A3
0.37% Due 10/18/2024
4,495.14 19.44 4,514.58
10/20/2022 Interest 4581X0DV7 230,000.00 Inter-American Dev Bank Note
0.875% Due 4/20/2026
0.00 1,006.25 1,006.25
10/21/2022 Paydown 43813GAC5 30,000.00 Honda Auto Receivables Trust 2021-1 A3
0.27% Due 4/21/2025
1,497.28 6.08 1,503.36
10/21/2022 Paydown 43815GAC3 35,000.00 Honda Auto Receivables Trust 2021-4 A3
0.88% Due 1/21/2026
0.00 25.67 25.67
10/22/2022 Interest 3135G03U5 310,000.00 FNMA Note
0.625% Due 4/22/2025
0.00 968.75 968.75
10/25/2022 Paydown 05601XAC3 35,000.00 BMW Vehicle Lease Trust 2022-1 A3
1.1% Due 3/25/2025
0.00 32.08 32.08
10/25/2022 Paydown 09690AAC7 35,000.00 BMW Vehicle Lease Trust 2021-2 A3
0.33% Due 12/26/2024
0.00 9.63 9.63
OCT 2022 16,547.27 2,572.76 19,120.03
11/03/2022 Interest 037833AK6 200,000.00 Apple Inc Note
2.4% Due 5/3/2023
0.00 2,400.00 2,400.00
11/07/2022 Interest 3135G06G3 250,000.00 FNMA Note
0.5% Due 11/7/2025
0.00 625.00 625.00
11/12/2022 Interest 023135BW5 90,000.00 Amazon.com Inc Note
0.45% Due 5/12/2024
0.00 202.50 202.50
11/13/2022 Interest 46625HJX9 145,000.00 JP Morgan Chase Note
3.625% Due 5/13/2024
0.00 2,628.13 2,628.13
11/15/2022 Interest 91324PEC2 30,000.00 United Health Group Inc Callable Note Cont
4/15/2026
1.15% Due 5/15/2026
0.00 172.50 172.50
11/15/2022 Paydown 47787NAC3 20,742.34 John Deere Owner Trust 2020-B A3
0.51% Due 11/15/2024
941.54 6.02 947.56
11/15/2022 Paydown 47789QAC4 45,000.00 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
0.00 19.50 19.50
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 37
3.A.3.a
Packet Pg. 55 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Cash Flow Report
As of March 31, 2022
City of San Jacinto
Account #10167
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
11/15/2022 Paydown 65479JAD5 41,656.54 Nissan Auto Receivables Owner 2019-C A3
1.93% Due 7/15/2024
1,465.92 50.64 1,516.56
11/15/2022 Paydown 89237VAB5 47,279.90 Toyota Auto Receivables Trust 2020-C A3
0.44% Due 10/15/2024
1,520.68 13.44 1,534.12
11/15/2022 Paydown 89240BAC2 75,000.00 Toyota Auto Receivables Owners 2021-A A3
0.26% Due 5/15/2025
3,402.99 12.57 3,415.56
11/15/2022 Paydown 47787JAC2 45,000.00 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
0.00 87.00 87.00
11/15/2022 Paydown 47788UAC6 40,000.00 John Deere Owner Trust 2021-A A3
0.36% Due 9/15/2025
1,660.45 12.00 1,672.45
11/15/2022 Paydown 89238JAC9 35,000.00 Toyota Auto Receivables Trust 2021-D A3
0.71% Due 4/15/2026
0.00 20.71 20.71
11/15/2022 Paydown 43815BAC4 60,000.00 Honda Auto Receivables Trust 2022-1 A3
1.88% Due 5/15/2026
0.00 94.00 94.00
11/15/2022 Paydown 47789KAC7 40,583.50 John Deere Owner Trust 2020-A A3
1.1% Due 8/15/2024
1,372.42 28.49 1,400.91
11/15/2022 Paydown 89236XAC0 45,000.00 Toyota Auto Receivables 2020-D A3
0.35% Due 1/15/2025
1,368.72 10.30 1,379.02
11/15/2022 Paydown 477870AC3 10,321.47 John Deere Owner Trust 2019-B A3
2.21% Due 12/15/2023
488.41 12.76 501.17
11/15/2022 Paydown 58769KAD6 55,000.00 Mercedes-Benz Auto Lease Trust 2021-B A3
0.4% Due 11/15/2024
0.00 18.33 18.33
11/18/2022 Paydown 43813KAC6 90,000.00 Honda Auto Receivables Trust 2020-3 A3
0.37% Due 10/18/2024
4,496.52 18.06 4,514.58
11/21/2022 Paydown 43813GAC5 30,000.00 Honda Auto Receivables Trust 2021-1 A3
0.27% Due 4/21/2025
1,497.64 5.74 1,503.38
11/21/2022 Paydown 43815GAC3 35,000.00 Honda Auto Receivables Trust 2021-4 A3
0.88% Due 1/21/2026
0.00 25.67 25.67
11/25/2022 Paydown 09690AAC7 35,000.00 BMW Vehicle Lease Trust 2021-2 A3
0.33% Due 12/26/2024
0.00 9.63 9.63
11/25/2022 Paydown 05601XAC3 35,000.00 BMW Vehicle Lease Trust 2022-1 A3
1.1% Due 3/25/2025
0.00 32.08 32.08
11/30/2022 Interest 91282CAZ4 240,000.00 US Treasury Note
0.375% Due 11/30/2025
0.00 450.00 450.00
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 38
3.A.3.a
Packet Pg. 56 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Cash Flow Report
As of March 31, 2022
City of San Jacinto
Account #10167
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
11/30/2022 Interest 912828YV6 230,000.00 US Treasury Note
1.5% Due 11/30/2024
0.00 1,725.00 1,725.00
11/30/2022 Interest 912828ZT0 230,000.00 US Treasury Note
0.25% Due 5/31/2025
0.00 287.50 287.50
NOV 2022 18,215.29 8,967.57 27,182.86
12/08/2022 Interest 3130A0F70 220,000.00 FHLB Note
3.375% Due 12/8/2023
0.00 3,712.50 3,712.50
12/09/2022 Maturity 3130A3KM5 100,000.00 FHLB Note
2.5% Due 12/9/2022
100,000.00 1,250.00 101,250.00
12/10/2022 Interest 78015K7H1 200,000.00 Royal Bank of Canada Note
1.15% Due 6/10/2025
0.00 1,150.00 1,150.00
12/13/2022 Interest 3130A3GE8 250,000.00 FHLB Note
2.75% Due 12/13/2024
0.00 3,437.50 3,437.50
12/13/2022 Interest 3130AJKW8 225,000.00 FHLB Note
0.5% Due 6/13/2025
0.00 562.50 562.50
12/14/2022 Interest 3130A1XJ2 210,000.00 FHLB Note
2.875% Due 6/14/2024
0.00 3,018.76 3,018.76
12/15/2022 Interest 91282CDN8 185,000.00 US Treasury Note
1% Due 12/15/2024
0.00 925.00 925.00
12/15/2022 Paydown 47787JAC2 45,000.00 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
0.00 87.00 87.00
12/15/2022 Paydown 47789KAC7 40,583.50 John Deere Owner Trust 2020-A A3
1.1% Due 8/15/2024
1,376.20 27.23 1,403.43
12/15/2022 Paydown 65479JAD5 41,656.54 Nissan Auto Receivables Owner 2019-C A3
1.93% Due 7/15/2024
1,469.22 48.28 1,517.50
12/15/2022 Paydown 89236XAC0 45,000.00 Toyota Auto Receivables 2020-D A3
0.35% Due 1/15/2025
1,364.41 9.90 1,374.31
12/15/2022 Paydown 89237VAB5 47,279.90 Toyota Auto Receivables Trust 2020-C A3
0.44% Due 10/15/2024
1,521.24 12.88 1,534.12
12/15/2022 Paydown 47787NAC3 20,742.34 John Deere Owner Trust 2020-B A3
0.51% Due 11/15/2024
941.91 5.62 947.53
12/15/2022 Paydown 47788UAC6 40,000.00 John Deere Owner Trust 2021-A A3
0.36% Due 9/15/2025
1,660.99 11.50 1,672.49
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 39
3.A.3.a
Packet Pg. 57 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Cash Flow Report
As of March 31, 2022
City of San Jacinto
Account #10167
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
12/15/2022 Paydown 47789QAC4 45,000.00 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
0.00 19.50 19.50
12/15/2022 Paydown 58769KAD6 55,000.00 Mercedes-Benz Auto Lease Trust 2021-B A3
0.4% Due 11/15/2024
0.00 18.33 18.33
12/15/2022 Paydown 89238JAC9 35,000.00 Toyota Auto Receivables Trust 2021-D A3
0.71% Due 4/15/2026
0.00 20.71 20.71
12/15/2022 Paydown 89240BAC2 75,000.00 Toyota Auto Receivables Owners 2021-A A3
0.26% Due 5/15/2025
3,404.10 11.83 3,415.93
12/15/2022 Paydown 477870AC3 10,321.47 John Deere Owner Trust 2019-B A3
2.21% Due 12/15/2023
489.41 11.87 501.28
12/15/2022 Paydown 43815BAC4 60,000.00 Honda Auto Receivables Trust 2022-1 A3
1.88% Due 5/15/2026
0.00 94.00 94.00
12/18/2022 Interest 89236TJK2 120,000.00 Toyota Motor Credit Corp Note
1.125% Due 6/18/2026
0.00 675.00 675.00
12/18/2022 Paydown 43813KAC6 90,000.00 Honda Auto Receivables Trust 2020-3 A3
0.37% Due 10/18/2024
4,497.91 16.67 4,514.58
12/19/2022 Interest 3137EAEN5 200,000.00 FHLMC Note
2.75% Due 6/19/2023
0.00 2,750.00 2,750.00
12/21/2022 Paydown 43815GAC3 35,000.00 Honda Auto Receivables Trust 2021-4 A3
0.88% Due 1/21/2026
0.00 25.67 25.67
12/21/2022 Paydown 43813GAC5 30,000.00 Honda Auto Receivables Trust 2021-1 A3
0.27% Due 4/21/2025
1,498.01 5.40 1,503.41
12/25/2022 Paydown 05601XAC3 35,000.00 BMW Vehicle Lease Trust 2022-1 A3
1.1% Due 3/25/2025
0.00 32.08 32.08
12/25/2022 Paydown 09690AAC7 35,000.00 BMW Vehicle Lease Trust 2021-2 A3
0.33% Due 12/26/2024
0.00 9.63 9.63
12/29/2022 Call 06406RAE7 145,000.00 Bank of NY Mellon Corp Callable Note Cont
12/29/2022
2.95% Due 1/29/2023
145,000.00 1,782.29 146,782.29
12/31/2022 Interest 91282CBC4 250,000.00 US Treasury Note
0.375% Due 12/31/2025
0.00 468.75 468.75
DEC 2022 263,223.40 20,200.40 283,423.80
01/07/2023 Interest 3135G0X24 225,000.00 FNMA Note
1.625% Due 1/7/2025
0.00 1,828.13 1,828.13
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 40
3.A.3.a
Packet Pg. 58 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Cash Flow Report
As of March 31, 2022
City of San Jacinto
Account #10167
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
01/10/2023 Interest 24422EUR8 150,000.00 John Deere Capital Corp Note
3.45% Due 1/10/2024
0.00 2,587.50 2,587.50
01/11/2023 Maturity 06051GEU9 130,000.00 Bank of America Corp Note
3.3% Due 1/11/2023
130,000.00 2,145.00 132,145.00
01/15/2023 Call 084670BR8 150,000.00 Berkshire Hathaway Callable Note Cont 1/15/2023
2.75% Due 3/15/2023
150,000.00 1,375.00 151,375.00
01/15/2023 Interest 87612EBM7 65,000.00 Target Corp Callable Note Cont 12/15/2026
1.95% Due 1/15/2027
0.00 633.75 633.75
01/15/2023 Paydown 47787JAC2 45,000.00 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
0.00 87.00 87.00
01/15/2023 Paydown 47787NAC3 20,742.34 John Deere Owner Trust 2020-B A3
0.51% Due 11/15/2024
942.28 5.22 947.50
01/15/2023 Paydown 47788UAC6 40,000.00 John Deere Owner Trust 2021-A A3
0.36% Due 9/15/2025
1,661.53 11.00 1,672.53
01/15/2023 Paydown 47789QAC4 45,000.00 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
0.00 19.50 19.50
01/15/2023 Paydown 65479JAD5 41,656.54 Nissan Auto Receivables Owner 2019-C A3
1.93% Due 7/15/2024
1,472.52 45.92 1,518.44
01/15/2023 Paydown 89240BAC2 75,000.00 Toyota Auto Receivables Owners 2021-A A3
0.26% Due 5/15/2025
3,405.21 11.09 3,416.30
01/15/2023 Paydown 43815BAC4 60,000.00 Honda Auto Receivables Trust 2022-1 A3
1.88% Due 5/15/2026
0.00 94.00 94.00
01/15/2023 Paydown 477870AC3 10,321.47 John Deere Owner Trust 2019-B A3
2.21% Due 12/15/2023
490.44 10.96 501.40
01/15/2023 Paydown 58769KAD6 55,000.00 Mercedes-Benz Auto Lease Trust 2021-B A3
0.4% Due 11/15/2024
4,228.45 18.33 4,246.78
01/15/2023 Paydown 89238JAC9 35,000.00 Toyota Auto Receivables Trust 2021-D A3
0.71% Due 4/15/2026
0.00 20.71 20.71
01/15/2023 Paydown 47789KAC7 40,583.50 John Deere Owner Trust 2020-A A3
1.1% Due 8/15/2024
1,379.98 25.97 1,405.95
01/15/2023 Paydown 89236XAC0 45,000.00 Toyota Auto Receivables 2020-D A3
0.35% Due 1/15/2025
1,360.05 9.50 1,369.55
01/15/2023 Paydown 89237VAB5 47,279.90 Toyota Auto Receivables Trust 2020-C A3
0.44% Due 10/15/2024
1,521.80 12.32 1,534.12
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 41
3.A.3.a
Packet Pg. 59 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Cash Flow Report
As of March 31, 2022
City of San Jacinto
Account #10167
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
01/18/2023 Paydown 43813KAC6 90,000.00 Honda Auto Receivables Trust 2020-3 A3
0.37% Due 10/18/2024
4,499.30 15.28 4,514.58
01/19/2023 Maturity 3135G0T94 290,000.00 FNMA Note
2.375% Due 1/19/2023
290,000.00 3,443.75 293,443.75
01/21/2023 Interest 3137EAEU9 145,000.00 FHLMC Note
0.375% Due 7/21/2025
0.00 271.88 271.88
01/21/2023 Paydown 43815GAC3 35,000.00 Honda Auto Receivables Trust 2021-4 A3
0.88% Due 1/21/2026
0.00 25.67 25.67
01/21/2023 Paydown 43813GAC5 30,000.00 Honda Auto Receivables Trust 2021-1 A3
0.27% Due 4/21/2025
1,498.36 5.07 1,503.43
01/25/2023 Paydown 05601XAC3 35,000.00 BMW Vehicle Lease Trust 2022-1 A3
1.1% Due 3/25/2025
0.00 32.08 32.08
01/25/2023 Paydown 09690AAC7 35,000.00 BMW Vehicle Lease Trust 2021-2 A3
0.33% Due 12/26/2024
2,912.79 9.63 2,922.42
01/31/2023 Interest 912828Y61 175,000.00 US Treasury Note
2.75% Due 7/31/2023
0.00 2,406.25 2,406.25
01/31/2023 Interest 912828Y87 220,000.00 US Treasury Note
1.75% Due 7/31/2024
0.00 1,925.00 1,925.00
01/31/2023 Interest 91282CCP4 300,000.00 US Treasury Note
0.625% Due 7/31/2026
0.00 937.50 937.50
JAN 2023 595,372.71 18,013.01 613,385.72
02/05/2023 Interest 3135G0V34 375,000.00 FNMA Note
2.5% Due 2/5/2024
0.00 4,687.50 4,687.50
02/06/2023 Interest 857477BR3 35,000.00 State Street Bank Callable Note Cont 2/6/2025
1.746% Due 2/6/2026
0.00 305.55 305.55
02/12/2023 Interest 3137EAEP0 245,000.00 FHLMC Note
1.5% Due 2/12/2025
0.00 1,837.50 1,837.50
02/15/2023 Interest 9128282A7 150,000.00 US Treasury Note
1.5% Due 8/15/2026
0.00 1,125.00 1,125.00
02/15/2023 Interest 912828V98 130,000.00 US Treasury Note
2.25% Due 2/15/2027
0.00 1,462.50 1,462.50
02/15/2023 Paydown 47788UAC6 40,000.00 John Deere Owner Trust 2021-A A3
0.36% Due 9/15/2025
1,662.06 10.51 1,672.57
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 42
3.A.3.a
Packet Pg. 60 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Cash Flow Report
As of March 31, 2022
City of San Jacinto
Account #10167
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
02/15/2023 Paydown 58769KAD6 55,000.00 Mercedes-Benz Auto Lease Trust 2021-B A3
0.4% Due 11/15/2024
4,228.83 16.92 4,245.75
02/15/2023 Paydown 47787JAC2 45,000.00 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
0.00 87.00 87.00
02/15/2023 Paydown 47787NAC3 20,742.34 John Deere Owner Trust 2020-B A3
0.51% Due 11/15/2024
942.64 4.82 947.46
02/15/2023 Paydown 47789KAC7 40,583.50 John Deere Owner Trust 2020-A A3
1.1% Due 8/15/2024
1,383.77 24.71 1,408.48
02/15/2023 Paydown 47789QAC4 45,000.00 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
0.00 19.50 19.50
02/15/2023 Paydown 65479JAD5 41,656.54 Nissan Auto Receivables Owner 2019-C A3
1.93% Due 7/15/2024
1,475.84 43.55 1,519.39
02/15/2023 Paydown 89237VAB5 47,279.90 Toyota Auto Receivables Trust 2020-C A3
0.44% Due 10/15/2024
1,522.35 11.77 1,534.12
02/15/2023 Paydown 89240BAC2 75,000.00 Toyota Auto Receivables Owners 2021-A A3
0.26% Due 5/15/2025
3,406.32 10.35 3,416.67
02/15/2023 Paydown 89236XAC0 45,000.00 Toyota Auto Receivables 2020-D A3
0.35% Due 1/15/2025
1,355.65 9.10 1,364.75
02/15/2023 Paydown 43815BAC4 60,000.00 Honda Auto Receivables Trust 2022-1 A3
1.88% Due 5/15/2026
0.00 94.00 94.00
02/15/2023 Paydown 477870AC3 10,321.47 John Deere Owner Trust 2019-B A3
2.21% Due 12/15/2023
491.46 10.06 501.52
02/15/2023 Paydown 89238JAC9 35,000.00 Toyota Auto Receivables Trust 2021-D A3
0.71% Due 4/15/2026
0.00 20.71 20.71
02/18/2023 Paydown 43813KAC6 90,000.00 Honda Auto Receivables Trust 2020-3 A3
0.37% Due 10/18/2024
4,500.68 13.90 4,514.58
02/21/2023 Paydown 43813GAC5 30,000.00 Honda Auto Receivables Trust 2021-1 A3
0.27% Due 4/21/2025
1,498.73 4.73 1,503.46
02/21/2023 Paydown 43815GAC3 35,000.00 Honda Auto Receivables Trust 2021-4 A3
0.88% Due 1/21/2026
0.00 25.67 25.67
02/25/2023 Interest 3135G05X7 230,000.00 FNMA Note
0.375% Due 8/25/2025
0.00 431.25 431.25
02/25/2023 Paydown 05601XAC3 35,000.00 BMW Vehicle Lease Trust 2022-1 A3
1.1% Due 3/25/2025
0.00 32.08 32.08
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 43
3.A.3.a
Packet Pg. 61 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Cash Flow Report
As of March 31, 2022
City of San Jacinto
Account #10167
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
02/25/2023 Paydown 09690AAC7 35,000.00 BMW Vehicle Lease Trust 2021-2 A3
0.33% Due 12/26/2024
2,913.50 8.82 2,922.32
02/28/2023 Interest 9128284Z0 155,000.00 US Treasury Note
2.75% Due 8/31/2025
0.00 2,131.25 2,131.25
02/28/2023 Interest 91282CBQ3 250,000.00 US Treasury Note
0.5% Due 2/28/2026
0.00 625.00 625.00
02/28/2023 Interest 912828ZC7 400,000.00 US Treasury Note
1.125% Due 2/28/2025
0.00 2,250.00 2,250.00
02/28/2023 Interest 9128282U3 230,000.00 US Treasury Note
1.875% Due 8/31/2024
0.00 2,156.25 2,156.25
FEB 2023 25,381.83 17,460.00 42,841.83
03/03/2023 Interest 808513BY0 45,000.00 Charles Schwab Corp Callable Note Cont 2/3/2027
2.45% Due 3/3/2027
0.00 551.25 551.25
03/08/2023 Interest 313383YJ4 200,000.00 FHLB Note
3.375% Due 9/8/2023
0.00 3,375.00 3,375.00
03/10/2023 Interest 89114TZG0 200,000.00 Toronto-Dominion Bank Note
1.25% Due 9/10/2026
0.00 1,250.00 1,250.00
03/13/2023 Interest 3130A2UW4 150,000.00 FHLB Note
2.875% Due 9/13/2024
0.00 2,156.25 2,156.25
03/15/2023 Interest 084664CZ2 130,000.00 Berkshire Hathaway Callable Note Cont 2/15/2027
2.3% Due 3/15/2027
0.00 1,495.00 1,495.00
03/15/2023 Paydown 65479JAD5 41,656.54 Nissan Auto Receivables Owner 2019-C A3
1.93% Due 7/15/2024
1,479.15 41.18 1,520.33
03/15/2023 Paydown 89238JAC9 35,000.00 Toyota Auto Receivables Trust 2021-D A3
0.71% Due 4/15/2026
0.00 20.71 20.71
03/15/2023 Paydown 47787JAC2 45,000.00 John Deere Owner Trust 2022-A A3
2.32% Due 9/16/2026
0.00 87.00 87.00
03/15/2023 Paydown 47789KAC7 40,583.50 John Deere Owner Trust 2020-A A3
1.1% Due 8/15/2024
1,387.58 23.44 1,411.02
03/15/2023 Paydown 89236XAC0 45,000.00 Toyota Auto Receivables 2020-D A3
0.35% Due 1/15/2025
1,351.19 8.71 1,359.90
03/15/2023 Paydown 89237VAB5 47,279.90 Toyota Auto Receivables Trust 2020-C A3
0.44% Due 10/15/2024
1,522.91 11.21 1,534.12
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 44
3.A.3.a
Packet Pg. 62 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Cash Flow Report
As of March 31, 2022
City of San Jacinto
Account #10167
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
03/15/2023 Paydown 43815BAC4 60,000.00 Honda Auto Receivables Trust 2022-1 A3
1.88% Due 5/15/2026
0.00 94.00 94.00
03/15/2023 Paydown 477870AC3 10,321.47 John Deere Owner Trust 2019-B A3
2.21% Due 12/15/2023
492.48 9.16 501.64
03/15/2023 Paydown 47787NAC3 20,742.34 John Deere Owner Trust 2020-B A3
0.51% Due 11/15/2024
943.01 4.42 947.43
03/15/2023 Paydown 47788UAC6 40,000.00 John Deere Owner Trust 2021-A A3
0.36% Due 9/15/2025
1,662.60 10.01 1,672.61
03/15/2023 Paydown 47789QAC4 45,000.00 John Deere Owner Trust 2021-B A3
0.52% Due 3/16/2026
0.00 19.50 19.50
03/15/2023 Paydown 58769KAD6 55,000.00 Mercedes-Benz Auto Lease Trust 2021-B A3
0.4% Due 11/15/2024
4,229.22 15.51 4,244.73
03/15/2023 Paydown 89240BAC2 75,000.00 Toyota Auto Receivables Owners 2021-A A3
0.26% Due 5/15/2025
3,407.42 9.62 3,417.04
03/17/2023 Interest 931142ER0 30,000.00 Wal-Mart Stores Callable Note Cont 08/17/2026
1.05% Due 9/17/2026
0.00 157.50 157.50
03/18/2023 Interest 808513BN4 40,000.00 Charles Schwab Corp Callable Note Cont 2/18/2024
0.75% Due 3/18/2024
0.00 150.00 150.00
03/18/2023 Paydown 43813KAC6 90,000.00 Honda Auto Receivables Trust 2020-3 A3
0.37% Due 10/18/2024
4,502.07 12.51 4,514.58
03/21/2023 Paydown 43813GAC5 30,000.00 Honda Auto Receivables Trust 2021-1 A3
0.27% Due 4/21/2025
1,499.09 4.39 1,503.48
03/21/2023 Paydown 43815GAC3 35,000.00 Honda Auto Receivables Trust 2021-4 A3
0.88% Due 1/21/2026
0.00 25.67 25.67
03/23/2023 Interest 3137EAEX3 230,000.00 FHLMC Note
0.375% Due 9/23/2025
0.00 431.25 431.25
03/25/2023 Paydown 05601XAC3 35,000.00 BMW Vehicle Lease Trust 2022-1 A3
1.1% Due 3/25/2025
0.00 32.08 32.08
03/25/2023 Paydown 09690AAC7 35,000.00 BMW Vehicle Lease Trust 2021-2 A3
0.33% Due 12/26/2024
2,914.20 8.02 2,922.22
03/31/2023 Interest 9128285C0 200,000.00 US Treasury Note
3% Due 9/30/2025
0.00 3,000.00 3,000.00
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 45
3.A.3.a
Packet Pg. 63 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Cash Flow Report
As of March 31, 2022
City of San Jacinto
Account #10167
Payment Date Transaction Type CUSIP Quantity Security Description Principal Amount Income Total Amount
03/31/2023 Interest 912828W71 210,000.00 US Treasury Note
2.125% Due 3/31/2024
0.00 2,231.25 2,231.25
03/31/2023 Interest 91282CBT7 250,000.00 US Treasury Note
0.75% Due 3/31/2026
0.00 937.50 937.50
03/31/2023 Maturity 9128284D9 210,000.00 US Treasury Note
2.5% Due 3/31/2023
210,000.00 2,625.00 212,625.00
MAR 2023 235,390.92 18,797.14 254,188.06
TOTAL 1,403,983.40 174,403.88 1,578,387.28
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 46
3.A.3.a
Packet Pg. 64 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Important DisclosuresCity of San Jacinto
Account #10167
Chandler Asset Management, Inc. ;͞Chandler͟Ϳis 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 Moody͛s, 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 ;͞MBS͟Ϳreflect the issuer rating because the securities themselves are not rated. The issuing U.S. Agency
guarantees the full and timely payment of both principal and interest and carries a AA+/Aaa/AAA by S&P, Moody ͛s and Fitch respectively.
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 47
3.A.3.a
Packet Pg. 65 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Benchmark Index & DisclosuresCity of San Jacinto California
Account #10167
Benchmark Index Disclosure
San Jacinto 1-5 Yr US Tsy & Agy Blended
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.
The ICE BofA 1-3 Year US Treasury Index tracks the performance of US dollar-denominated sovereign debt publicly issued by the US
government in its domestic market. Qualifying securities must have at least one year remaining term to final maturity and less than three
years remaining term to final maturity, a fixed coupon schedule, and a minimum amount outstanding of $1 billion. Qualifying securities must
have at least 18 months to final maturity at the time of issuance.
San Jacinto 1-5 Yr AAA-A US Corp &
Govt Blend*
Execution Time: 4/3/2022 1:41:40 PMChandler Asset Management - CONFIDENTIAL Page 48
3.A.3.a
Packet Pg. 66 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
City of San Jacinto Public Trust Advisors LLC
595 S. San Jacinto Ave.550 South Hope Street
San Jacinto, CA 92583 Suite 560
Los Angeles, CA 90071
Monthly Investment Report for Period Ended March 31, 2022
3.A.3.a
Packet Pg. 67 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Investment Management Portfolio Review Page
Investment Portfolio Summary Comparison 3
Total Return Performance Summary 4
Investment Portfolio Maturity Distribution 6
Investment Portfolio Maturity Distribution By Security Type 7
Investment Portfolio Rating Distribution 8
Investment Portfolio Security Distribution - Market Value 9
Investment Portfolio Security Distribution - Historical Cost 10
Investment Portfolio Compliance 11
Additional Disclosure 12
Portfolio Holdings Detail 13
City of San Jacinto Summary
3.A.3.a
Packet Pg. 68 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
City of San Jacinto
March 1, 2022
Beginning Balance
March 31, 2022
Ending Balance Portfolio Characteristic
March 1, 2022
Beginning Balance
March 31, 2022
Ending Balance
Historical Cost 11,351,700.35$ 11,355,463.51$ Book Yield Gross 0.80%0.86%
Book Value 11,315,504.30$ 11,318,607.35$ Market Yield Gross 1.54%2.33%
Accrued Interest 17,799.51 17,868.30 Weighted Average Coupon 0.91%0.97%
Book Value Plus Accrued 11,333,303.81$ 11,336,475.65$ Duration 2.54 Years 2.56 Years
Net Unrealized Gain/Loss (245,563.93)(449,892.98)Weighted Effective Maturity 2.58 Years 2.62 Years
Market Value Plus Accrued(2)11,087,739.88$ 10,886,582.67$ Weighted Final Maturity 2.60 Years 2.63 Years
Net Pending Transactions 0.18 0.26
Market Value Plus Accrued Net(2)11,087,740.06$ 10,886,582.93$
City of San Jacinto
March 2022
Net Income Portfolio Compliance Compliant
Interest Income 8,863.22$ Security Distribution YES
Net Amortization/Accretion (1,042.76)Maturity Distribution YES
Net Realized Gain/Loss(3)(4,544.37)Rating Distribution YES
Miscellaneous Income -
Net Income 3,276.09$
City of San Jacinto Summary Comparison for the period March 1, 2022 to March 31, 2022
(1) Payables represent amounts due to settle security transactions that have been executed but have not settled as of period end. The funds used to settle these trades may come from a variety of sources including cash within the
portfolio, proceeds from future security transactions including maturities and sales, or other sources including money market funds. For reporting purposes, a payable is created for over-period settlements which are reflected in the
detailed holdings.
(2) Market Value Plus Accrued Net represents the market value of the portfolio net payables and recievables from transactions that settle in the following reporting period.
(3) MBS paydowns may result in negative realized losses rather than amortization in as a result of accounting method.
Page 3
3.A.3.a
Packet Pg. 69 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Trailing Month Trailing 3 Months Trailing 12 Months Year to Date
Total Return Performance Periodic Periodic Periodic Periodic
City of San Jacinto -1.81%-3.16%-3.68%-3.80%
Trailing 3 Years Trailing 5 Years Since Inception*
Total Return Performance Annualized Annualized Annualized
City of San Jacinto 0.91%1.14%0.93%
*Total return since inception date: December 1, 2012
Annualized total return performance presented for investment periods longer than one year. Return information obtained from Bloomberg.
City of San Jacinto Total Return March 1, 2022 to March 31, 2022
(1.81%)
(3.16%)
(3.68%)(3.80%)
0.91% 1.14% 0.93%
(5.00%)
(4.00%)
(3.00%)
(2.00%)
(1.00%)
0.00%
1.00%
2.00%
Trailing Month Trailing 3 Months Trailing 12 Months Year to Date Trailing 3 Years Trailing 5 Years Since Inception*YieldTotal Return Performance
City of San Jacinto
Page 4
3.A.3.a
Packet Pg. 70 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Trailing Month Trailing 3 Months Trailing 12 Months Year To Date
Total Return Performance Periodic Periodic Periodic Periodic
City of San Jacinto -1.81%-3.16%-3.68%-3.80%
BofA ML 1-5 Year U.S. Treasury/Agency -1.86%-3.16%-3.72%-3.82%
Since Inception*
Trailing 3 Years Trailing 5 Years February 1, 2020
Total Return Performance Annualized Annualized Annualized
City of San Jacinto NA NA 0.33%
BofA ML 1-5 Year U.S. Treasury/Agency NA NA -0.47%
*Original Total return since inception date: December 1, 2012. The BofA ML 1-5 Year U.S. Treasury/Agency benchmark established on February 1, 2020.
Annualized total return performance presented for investment periods longer than one year. Return information obtained from Bloomberg.
City of San Jacinto Total Return March 1, 2022 to March 31, 2022
(1.81%)
(3.16%)
(1.86%)
(3.16%)
(4.50%)
(4.00%)
(3.50%)
(3.00%)
(2.50%)
(2.00%)
(1.50%)
(1.00%)
(0.50%)
0.00%
0.50%
1.00%
Trailing Month Trailing 3 Months Trailing 12 Months Year To Date Trailing 3 Years Trailing 5 Years February 1, 2020YieldTotal Return Performance vs. Benchmark
City of San Jacinto BofA ML 1-5 Year U.S. Treasury/Agency
Page 5
3.A.3.a
Packet Pg. 71 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Maturity Distribution
March 1, 2022
Beginning Balance
March 31, 2022
Ending Balance Portfolio Allocation Distribution Change
0-3 Months 56,530.12$ 26,906.91$ 0.25%-0.26%
3-6 Months 312,074.74 310,241.63 2.85%0.04%
6-9 Months - - 0.00%0.00%
9-12 Months - - 0.00%0.00%
1-2 Years 3,905,810.03 3,848,493.98 35.35%0.12%
2-3 Years 2,414,369.59 2,318,663.61 21.30%-0.48%
3-4 Years 2,511,498.44 2,535,962.33 23.29%0.64%
4-5 Years 1,887,456.95 1,846,314.21 16.96%-0.06%
5-6 Years - - 0.00%0.00%
6 Years +- - 0.00%0.00%
Total Portfolio 11,087,739.88$ 10,886,582.67$ 100.00%
City of San Jacinto Maturity Distribution Market Value Basis March 1, 2022 to March 31, 2022
$-
$500,000
$1,000,000
$1,500,000
$2,000,000
$2,500,000
$3,000,000
$3,500,000
$4,000,000
$4,500,000
0-3 M 3-6 M 6-9 M 9-12 M 1-2 Yr 2-3 Yr 3-4 Yr 4-5 Yr 5-6 Yr 6 Yr +
Maturity Distribution Comparison
March 1, 2022 March 31, 2022
0-3 M
0.25%
3-6 M
2.85%
1-2 Yr
35.35%
2-3 Yr
21.30%
3-4 Yr
23.29%4-5 Yr
16.96%
Maturity Distribution
Page 6
3.A.3.a
Packet Pg. 72 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Security Distribution 0-3 Months 3-6 Months 6-9 Months 9-12 Months 1-2 Years 2-3 Years 3-4 Years 4-5 Years Total Portfolio
Cash -$ -$ -$ -$ -$ -$ -$ -$ -$
Money Market Funds 26,907 - - - - - - - 26,907
Certificates of Deposit - - - - - - - - -
Commercial Paper - - - - - - - - -
U.S. Treasury Notes - - - - 1,242,848 1,352,330 1,876,261 1,846,314 6,317,752
U.S. Agency Notes - - - - - - - - -
Federal Inst. (GSE)*- 310,242 - - 1,947,280 292,481 599,736 - 3,149,739
Corporate Notes - - - - 658,366 673,853 59,966 - 1,392,185
Asset Backed (ABS)- - - - - - - - -
Municipal Bonds - - - - - - - - -
Total 26,907$ 310,242$ -$ -$ 3,848,494$ 2,318,664$ 2,535,962$ 1,846,314$ 10,886,583$
*Mortgage backed securities shown to effective maturity.
City of San Jacinto Maturity Distribution Market Value Basis as of March 31, 2022
$-
$5,000,000
0-3 Months 3-6 Months 6-9 Months 9-12 Months 1-2 Years 2-3 Years 3-4 Years 4-5 Years
Maturity Distribution By Type Municipal Bonds
Asset Backed (ABS)
Corporate Notes
Federal Inst. (GSE)*
U.S. Agency Notes
U.S. Treasury Notes
Commercial Paper
Certificates of Deposit
Money Market Funds
Cash
Page 7
3.A.3.a
Packet Pg. 73 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
S&P Rating Distribution
March 31, 2022
Ending Balance Portfolio Allocation
Short Term Rating Distribution
A-1+-$ 0.00%
A-1 - 0.00%
A-2 - 0.00%
Total Short Term Ratings -$ 0.00%
Long Term Rating Distribution
AAA Rating 546,197.47$ 5.02%
AA Rating 9,555,944.86 87.78%
A Rating 784,440.33 7.21%
Below A - 0.00%
Not Rated - 0.00%
Total Long Term Rating 10,886,582.67$ 100.00%
Total Portfolio 10,886,582.67$ 100.00%
Moody's Rating Distribution
March 31, 2022
Ending Balance Portfolio Allocation
Short Term Rating Distribution
P-1 -$ 0.00%
P-2 - 0.00%
Total Short Term Ratings -$ 0.00%
Long Term Rating Distribution
Aaa Rating 9,731,118.88$ 89.39%
Aa Rating 230,950.81 2.12%
A Rating 864,546.92 7.94%
Below A - 0.00%
Not Rated 59,966.06 0.55%
Total Long Term Rating 10,886,582.67$ 100.00%
Total Portfolio 10,886,582.67$ 100.00%
City of San Jacinto Rating Distribution Market Value Basis as of March 31, 2022
AAA Rating
5.02%
AA Rating
87.78%
A Rating
7.21%
Portfolio Allocation By Standard and Poors' Rating
Aaa Rating
89.39%Aa Rating
2.12%
A Rating
7.94%
Not Rated
0.55%
Portfolio Allocation By Moody's Rating
Page 8
3.A.3.a
Packet Pg. 74 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Security Distribution
March 1, 2022
Beginning Balance
Portfolio
Allocation
March 31, 2022
Ending Balance Book Yield
Portfolio
Allocation
Change in
Allocation
Permitted by
Policy*Compliant
Cash -$ 0.00%-$ 0.00%0.00%0.00%YES
LGIP - 0.00%- 0.00%0.00%0.00%YES
U.S. Treasury Notes 6,160,678.15 55.56%6,317,751.84 0.82%58.03%2.47%NO
U.S. Agency Notes - 0.00%- 0.00%0.00%0.00%YES
FNMA 709,876.09 6.40%697,327.30 0.39%6.41%0.00%NO
FHLMC 2,266,973.94 20.45%1,698,229.16 1.51%15.60%-4.85%NO
FFCB 545,832.28 4.92%541,317.45 0.35%4.97%0.05%NO
FHLB - 0.00%212,864.98 0.60%1.96%1.96%NO
Fed Instrumentality Subtotal 3,522,682.31$ 31.77%3,149,738.89$ 1.00%28.93%-2.84%NO
Asset Backed Securities - 0.00%- 0.00%0.00%0.00%YES
Commercial Paper - 0.00%- 0.00%0.00%0.00%YES
Corporate Notes 1,347,849.30 12.16%1,392,185.03 0.72%12.79%0.63%NO
Bankers Acceptances - 0.00%- 0.00%0.00%0.00%YES
Money Market Funds 56,530.12 0.51%26,906.91 0.01%0.25%-0.26%YES
Municipal Bonds - 0.00%- 0.00%0.00%0.00%YES
Intergovernmental Funds - 0.00%- 0.00%0.00%0.00%YES
Certificates of Deposit - 0.00%- 0.00%0.00%0.00%YES
Total Portfolio Market Value 11,087,739.88$ 100.00%10,886,582.67$ 0.86%100.00%
*Permitted allocation based on aggregate assets as defined within the investment policy.
City of San Jacinto Market Value Basis Security Distribution March 1, 2022 to March 31, 2022
$-
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
$7,000,000
CashLGIPUSTAgencyFNMAFHLMCFFCBFHLBABSCPCorpBAMMFMuniInter GovCDAsset Balance By Security Type
(in millions)
March 1, 2022 March 31, 2022
UST
58.03%
FNMA
6.41%
FHLMC
15.60%FFCB
4.97%
FHLB
1.96%
Corp
12.79%
MMF
0.25%
Ending Portfolio Allocation
Page 9
3.A.3.a
Packet Pg. 75 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Security Distribution
March 1, 2022
Beginning Balance
Portfolio
Allocation
March 31, 2022
Ending Balance Book Yield
Portfolio
Allocation
Change in
Allocation
Permitted by
Policy*Compliant
Cash -$ 0.00%-$ 0.00%0.00%0.00%YES
U.S. Treasury Notes 6,334,912.53 55.81%6,644,203.34 0.82%58.51%2.71%NO
U.S. Agency Notes - 0.00%- 0.00%0.00%0.00%YES
FNMA 732,693.00 6.45%732,693.00 0.39%6.45%0.00%NO
FHLMC 2,284,293.70 20.12%1,724,610.26 1.51%15.19%-4.94%NO
FFCB 553,828.70 4.88%553,828.70 0.35%4.88%0.00%NO
FHLB - 0.00%223,884.00 0.60%1.97%1.97%NO
Fed Instrumentality Subtotal 3,570,815.40$ 31.46%3,235,015.96$ 0.99%28.49%-2.97%NO
Asset Backed Securities - 0.00%- 0.00%0.00%0.00%YES
Commercial Paper - 0.00%- 0.00%0.00%0.00%YES
Corporate Notes 1,389,442.30 12.24%1,449,337.30 0.72%12.76%0.52%NO
Bankers Acceptances - 0.00%- 0.00%0.00%0.00%YES
Money Market Funds 56,530.12 0.50%26,906.91 0.01%0.24%-0.26%YES
Municipal Bonds - 0.00%- 0.00%0.00%0.00%YES
Intergovernmental Funds - 0.00%- 0.00%0.00%0.00%YES
Certificates of Deposit - 0.00%- 0.00%0.00%0.00%YES
Total Portfolio Historical Cost 11,351,700.35$ 100.00%11,355,463.51$ 0.86%100.00%
*Permitted allocation based on aggregate assets as defined within the investment policy.
City of San Jacinto Historical Cost Basis Security Distribution March 1, 2022 to March 31, 2022
$-
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
$7,000,000
CashUSTAgencyFNMAFHLMCFFCBFHLBABSCPCorpBAMMFMuniInter GovCDAsset Balance By Security Type
(in millions)
March 1, 2022 March 31, 2022
UST
58.51%
FNMA
6.45%
FHLMC
15.19%FFCB
4.88%
FHLB
1.97%
Corp
12.76%
MMF
0.24%
Ending Portfolio Allocation
Page 10
3.A.3.a
Packet Pg. 76 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Policy
Section Description Compliance Requirement Compliant
Policy
Section Description Compliance Requirement Compliant
IX. 1,2 Municipal Bonds Rated A or better by 1 NRSRO, 5% issuer limitation, 30% total portfolio limit,
5-year maturity limit Compliant IX. 14 Pass-Through
Securities
Issuer debt rated at least A by 2 NRSRO's; Must be rated in the AA category by
2 NRSRO's; 20% total portfolio limit, 5-year maturity limit Compliant
IX. 1 U.S. Treasury No limitations Compliant
IX. 2 Federal Agency No limitations Compliant
IX. 3 Bankers
Acceptances
Rated A1 or better and have long term debt rated A or better by 2 NRSRO's;
Maturity ≤ to 180 days, 40% total portfolio limit, 5% issuer limit Compliant
IX. 4 Federally Insured
Time Deposits
Limited to amounts covered under federal insurance; 20% total portfolio
limit in combination with IX.5; 5-year maturity limit Compliant IX. 17.b Money Market
Funds
Registered with SEC under 1940 Act, have highest ranking by 2 NRSRO's;
retained advisor registered (or exempt from registration) with 5-years
experience investing in securities authorized by CA 53601 and at least $500
million of assets; 20% total portfolio limit
Compliant
IX. 5 Time Deposits
Fully collateralized per CA law, 20% limit when combined with IX.4; Issuer
must have long-term debt rated A or higher and/or short-term debt rated
A1 or higher by 2 NRSRO's, 5-year maturity limit
Compliant IX. 18 Supranationals
US dollar denominated senior unsecured unsubordinated obligations issued or
unconditionally guaranteed by IBRD, IFC, or IADB; rated AA or higher by 1
NRSRO; 30% total portfolio limit; 10% issuer limit; 5-year maturity limit
Compliant
IX. 6 CDARS 30% limit in combination of CD's (including CDARS); 5-year maturity limit Compliant X.A.1 Futures and Options Prohibited Compliant
IX. 7 Negotiable CD's
Issuer must have long-term debt rated A or higher and/or short-term debt
rated A1 or higher by 2 NRSRO's; Maturity ≤ to 5 years, 30% total portfolio
limit, 5% issuer limit
Compliant X.A.2
Inverse Floaters,
Range Notes, and
Mortgage Derived
IO Strips
Prohibited Compliant
IX. 8 Collateralized
Bank Deposits
Collateralized with pleged securities per CA Government Code Section
53651 Compliant X.A.3 Potential Zero
Accrual Securities Prohibited Compliant
X.A.5 Purchasing
Securities on Margin Prohibited Compliant
X.A.6 Reverse Repos or
other leverage Prohibited Compliant
X.A.7 Foreign Currency
Securities Prohibited Compliant
X.B.2 Single Issuer
Limitation
5% issuer limitation, except U.S. Government, its agencies & enterprises,
Money Market Mutual Funds, Mutual Funds, LAIF, LGIP's, and Supranationals Compliant
IX. 11 Local Agency
Investment Fund 70% total portfolio limit, up to the maximum permitted balance Compliant X.C.2 Callable Security
Limitation 20% of total portfolio (excluding Make Whole Call securities)Compliant
IX. 12 Local Government
Investment Pools
Riveride County Investment Fund limited to 70% of the portfolio; JPA Pools
limited to 50% of the portfolio Compliant X.C.3 Maximum Security
Maturity Individual security maturities limited to 5-years or less Compliant
IX. 13 Corporate Bonds
Corporations organized and operating in the U.S. or depository institutions
licensed by the U.S. or any state and operating in the U.S.; Rated in the A
category or better by 2 NRSRO's, 5-year maturity limit; 30% total portfolio
limit, 5% issuer limit
Compliant X.C.4 Portfolio Duration
Limitation
Average portfolio duration will be managed to be approximatly equal to the
Market Benchmark selected by the City (typically +/- 20 of benchmark
duration)
Compliant
IX. 9 Repurchase
Agreements
Collateralized at 102% in accordance with policy; 1-year maturity limit, no %
portfolio limit, collateral held by custodian bank; subject to master
repurchase agreement substantially in SIFMA's form
Compliant
IX. 10 Commercial Paper
Issuer is organized and operating in the U.S. with assets of at least $500
million; Issuer short-term ratings of A1 or higher and long-term ratings of A
or higher by 2 NRSRO's; Maturity ≤ 270 days; 25% total portfolio limit; 5%
issuer limit
Compliant
City of San Jacinto Portfolio Compliance March 1, 2022 to March 31, 2022
IX. 17.e Mutual Funds
Invests in securities authorized by specified provisions in CA Government Code
Section 53601; have highest ranking by 2 NRSRO's; retained advisor registered
(or exempt from registration) with 5-years experience investing in securities
authorized by CA 53601 and at least $500 million of assets; 10% per fund limit;
20% limit when combined with IX.17.b
Compliant
Page 11
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Packet Pg. 77 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Additional Disclosure
This information is for the sole purposes of the client and is not intended to provide specific advice or recommendations. Please review the contents of this information carefully. Should you have any
questions regarding the information presented, calculation methodology, investment portfolio, security detail, or any other facet of this information, please feel free to contact us.
Public Trust Advisors, LLC (Public Trust) statements and reports are intended to detail our investment advisory activity as well as the activity of certain client accounts managed by Public Trust. The
custodian bank maintains the control of assets and executes and settles all investment transactions. The custodian statement is the official record of security and cash holdings transactions. Public
Trust recognizes that clients may use these reports to facilitate record keeping; therefore, it is recommended that the client reconcile this information with their custodian bank statement. Many
custodians use a settlement date basis that may result in the need to reconcile due to a timing difference. The underlying market value, amortized cost, and accrued interest may differ between the
custodian and this statement or report. This can be attributed to differences in calculation methodologies and pricing sources used.
Public Trust does not have the authority to withdraw funds from or deposit funds to the custodian. Our clients retain responsibility for their internal accounting policies, implementing and enforcing
internal controls, and generating ledger entries or otherwise recording transactions. The total market value represents prices obtained from various sources; it may be impacted by the frequency at
which prices are reported, and such prices are not guaranteed. Prices received from pricing vendors are generally based on current market quotes but when such quotes are not available, the pricing
vendors use a variety of techniques to estimate value. These estimates, particularly for fixed-income securities, may be based on certain minimum principal amounts (e.g. $1 million) and may not
reflect all the factors that affect the value of the security including liquidity risk. The prices provided are not firm bids or offers. Certain securities may reflect N/A or unavailable where the price for
such security is generally not available from a pricing source. The market value of a security, including those priced at par value, may differ from its purchase price and may not closely reflect the
value at which the security may be sold or purchased based on various market factors. The securities in this investment portfolio, including shares of mutual funds, are not guaranteed or otherwise
protected by Public Trust, the FDIC (except for certain non-negotiable certificates of deposit), or any government agency unless specifically stated otherwise.
Clients may be permitted to establish one or more unmanaged accounts for the purposes of client reporting. Clients may also be permitted to provide externally managed assets for the purposes of
client reporting. Public Trust defines unmanaged accounts or assets as one where the investment direction remains the sole responsibility of the client rather than the Investment Manager.
Unmanaged accounts or external assets do not receive ongoing supervision and monitoring services. The Investment Manager does not make any investment recommendations and may not charge a
fee for reporting on these accounts or assets. The primary purpose for this service is to include unmanaged accounts or assets owned by the client in the performance reports provided by the
Investment Manager. The Investment Manager assumes no liability for the underlying performance of any unmanaged accounts or assets, and it is the client’s sole responsibility for the accuracy or
correctness of any such performance.
Beginning and ending balances are based on market value plus accrued interest on a trade date basis. Statements and reports made available to the end user either from Public Trust or through the
online reporting platform may present information and portfolio analytics using various optional methods including, but not limited to, historical cost, amortized cost, and market value. All
information is assumed to be correct, but the accuracy has not been confirmed and therefore is not guaranteed to be correct. Information is obtained from third party sources that may or may not
be verified. The data in this report is unaudited and is only applicable for the date denoted on the report. Market values may change day-to-day based on numerous circumstances such as trading
volume, news released about the underlying issuer, issuer performance, etc. Underlying market values may be priced via numerous aspects as certain securities are short term in nature and not
readily traded. Performance results are shown net of all fees and expenses and reflect the reinvestment of dividends and other earnings.
Many factors affect performance including changes in market conditions and interest rates and in response to other economic, political, or financial developments. Investment involves risk including
the possible loss of principal. No assurance can be given that the performance objectives of a given strategy will be achieved. Past performance is no guarantee of future results. Any financial and/or
investment decision may incur losses.
The investment advisor providing these services is Public Trust Advisors, LLC, an investment adviser registered with the U.S.Securities and Exchange Commission (SEC) under the Investment Advisers
Act of 1940, as amended. Registration with the SEC does not imply a certain level of skill or training. Public Trust is required to maintain a written disclosure brochure of our background and business
experience. If you would like to receive a copy of our current disclosure brochure, Privacy Policy, or Code of Ethics, or have any questions regarding your account please contact us.
Public Trust Advisors
717 17th Street, Suite 1850
Denver, CO 80202
Page 12
3.A.3.a
Packet Pg. 78 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Portfolio Holdings
Portfolio Income
Portfolio Transactions
Issuer Concentration
Security Concentration
Portfolio Activity Summary
City of San Jacinto Detail
Page 13
3.A.3.a
Packet Pg. 79 Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Month End Report Trade Date copySan Jacinto, City of (66779)Month End (M9 Y2022)03/01/2022 - 03/31/2022Dated: 04/07/2022Locked Down3.A.3.aPacket Pg. 80Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Holdings Report Trade Date (San Jacinto, City of (66779))1Income Detail Report Trade Date (San Jacinto, City of (66779))5Transactions Realized Gain Loss Report (San Jacinto, City of (66779))7Issuer Concentration with Yield GASB 40 Trade Date (San Jacinto, City of(66779))8Security Type GASB 40 Trade Date (San Jacinto, City of (66779))13Portfolio Activity Summary (San Jacinto, City of (66779))18Table of ContentsDated: 04/07/20223.A.3.aPacket Pg. 81Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Description,Identifier,Security Type,CouponEffective Maturity,Final Maturity,Callable,Next Call DateOriginal Cost,Current Units,Market PriceTrade Date,Settle DateMoodysRating,S&P Rating,Fitch RatingBook Value,Book Value + AccruedAccrued Balance,Net Unrealized Gain/LossMarket Value,Market Value + AccruedFEDERAL HOME LOAN MORTGAGE CORP3137EAEP0AGCY BOND1.50002/12/202502/12/2025N---299,769.00300,000.0097.289602/13/202002/14/2020AaaAA+AAA299,865.22300,477.72612.50-7,996.52291,868.70292,481.20FEDERAL HOME LOAN BANKS3130AJHU6AGCY BOND0.50004/14/202504/14/2025N---223,884.00225,000.0094.374704/15/202004/16/2020AaaAA+AAA224,317.70224,839.57521.88-11,974.60212,343.10212,864.98FEDERAL HOME LOAN MORTGAGE CORP3137EAEQ8AGCY BOND0.37504/20/202304/20/2023N---334,162.50335,000.0098.548704/17/202004/20/2020AaaAA+AAA334,704.96335,266.79561.82-4,566.71330,138.25330,700.08FEDERAL FARM CREDIT BANKS FUNDING CORP3133ELG81AGCY BOND0.30006/08/202306/08/2023N---333,907.90335,000.0098.085906/05/202006/09/2020AaaAA+AAA334,566.00334,881.46315.46-5,978.15328,587.86328,903.31FEDERAL HOME LOAN MORTGAGE CORP3137EAEV7AGCY BOND0.25008/24/202308/24/2023N---234,760.30235,000.0097.490708/19/202008/21/2020AaaAA+AAA234,888.16234,948.5460.38-5,785.06229,103.10229,163.48FEDERAL NATIONAL MORTGAGE ASSOCIATION3135G05X7AGCY BOND0.37508/25/202508/25/2025N---413,057.80415,000.0093.184408/25/202008/27/2020AaaAA+AAA413,671.64413,827.26155.63-26,956.50386,715.14386,870.76FEDERAL NATIONAL MORTGAGE ASSOCIATION3135G06H1AGCY BOND0.25011/27/202311/27/2023N---319,635.20320,000.0096.931611/23/202011/25/2020AaaAA+AAA319,798.78320,074.34275.56-9,617.79310,180.99310,456.54FEDERAL FARM CREDIT BANKS FUNDING CORP3133EMRZ7AGCY BOND0.25002/26/202402/26/2024N---219,920.80220,000.0096.527602/22/202102/26/2021AaaAA+AAA219,949.61220,003.0853.47-7,588.95212,360.66212,414.13MICROSOFT CORP594918AT1CORP2.37505/01/202305/01/2023Y02/01/2023246,484.45235,000.0099.742904/28/202004/30/2020AaaAAAAAA238,494.43240,819.952,325.52-4,098.72234,395.71236,721.23WALMART INC931142EK5CORP3.40005/26/202306/26/2023Y05/26/2023243,666.00225,000.00101.747604/29/202005/01/2020Aa2AAAA232,055.67234,074.422,018.75-3,123.61228,932.06230,950.81PEPSICO INC713448FB9CORP0.40010/07/202310/07/2023N---84,951.5585,000.0097.724510/06/202010/07/2020A1A+NA84,975.4385,139.77164.33-1,909.6483,065.8083,230.13AMAZON.COM INC023135BW5CORP0.45005/12/202405/12/2024N---144,788.30145,000.0096.428105/11/202105/12/2021A1AAAA-144,850.55145,102.49251.94-5,029.84139,820.71140,072.65PACCAR FINANCIAL CORP69371RR40CORP0.50008/09/202408/09/2024N---99,946.00100,000.0095.543708/03/202108/09/2021A1A+NA99,957.47100,029.6972.22-4,413.7995,543.6895,615.90CATERPILLAR FINANCIAL SERVICES CORP14913R2P1CORP0.60009/13/202409/13/2024N---179,755.20180,000.0095.385409/08/202109/14/2021A2AA179,799.68179,853.6854.00-8,106.02171,693.66171,747.66TOYOTA MOTOR CREDIT CORP89236TJN6CORP0.62509/13/202409/13/2024N---279,868.40280,000.0095.117509/08/202109/13/2021A1A+A+279,892.41279,979.9187.50-13,563.29266,329.12266,416.62CATERPILLAR FINANCIAL SERVICES CORP14913R2S5CORP0.95001/10/202401/10/2024N---109,982.40110,000.0097.480801/03/202201/10/2022A2AA109,984.35110,219.48235.13-2,755.52107,228.83107,463.96Holdings Report Trade DateSan Jacinto, City of (66779)As of 03/31/2022Return to Table of ContentsDated: 04/07/202213.A.3.aPacket Pg. 82Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Description,Identifier,Security Type,CouponEffective Maturity,Final Maturity,Callable,Next Call DateOriginal Cost,Current Units,Market PriceTrade Date,Settle DateMoodysRating,S&P Rating,Fitch RatingBook Value,Book Value + AccruedAccrued Balance,Net Unrealized Gain/LossMarket Value,Market Value + AccruedHOME DEPOT INC437076CM2CORP2.70004/15/202504/15/2025Y03/15/202559,895.0060,000.0099.920903/24/202203/28/2022NAAA59,895.3759,908.8713.5057.1959,952.5659,966.06FHMS K-033 A23137B4WB8FHLMC3.06006/08/202307/25/2023Y---258,544.92250,000.00100.974412/12/201912/17/2019AaaAA+AAA252,656.24253,293.74637.50-220.29252,435.95253,073.45FHMS K-725 A2US3137BWWD24FHLMC3.00212/17/202301/25/2024Y---289,012.50280,000.00100.667512/12/201912/17/2019AaaAAAAAA283,634.65284,335.12700.47-1,765.79281,868.86282,569.33FHMS K-024 A23137AXHP1FHLMC CMO2.57308/23/202209/25/2022Y---308,361.04308,662.46100.297205/02/201905/07/2019AaaAA+AAA308,163.08308,824.90661.821,416.73309,579.81310,241.63FIRST AMER:GVT OBLG Y31846V203MMFUND0.01003/31/202203/31/2022N---26,906.9126,906.911.0000------AaaAAAmAAA26,906.9126,906.910.000.0026,906.9126,906.91UNITED STATES TREASURY912828YE4US GOV1.25008/31/202408/31/2024N---294,257.81300,000.0097.242212/06/201912/10/2019AaaAA+AAA297,010.89297,336.98326.09-5,284.29291,726.60292,052.69UNITED STATES TREASURY912828V80US GOV2.25001/31/202401/31/2024N---96,970.5195,000.0099.957012/12/201912/17/2019AaaAA+AAA95,894.2296,248.50354.28-935.0794,959.1595,313.43UNITED STATES TREASURY912828YE4US GOV1.25008/31/202408/31/2024N---376,012.50370,000.0097.242203/02/202003/04/2020AaaAA+AAA373,261.19373,663.36402.17-13,465.05359,796.14360,198.31UNITED STATES TREASURY912828YY0US GOV1.75012/31/202412/31/2024N---88,453.1385,000.0098.085903/02/202003/04/2020AaaAA+AAA86,985.5487,359.47373.93-3,612.5283,373.0183,746.94UNITED STATES TREASURY912828T91US GOV1.62510/31/202310/31/2023N---114,808.20110,000.0099.210906/05/202006/09/2020AaaAA+AAA112,246.91112,997.47750.55-3,114.92109,131.99109,882.54UNITED STATES TREASURY912828T26US GOV1.37509/30/202309/30/2023N---237,969.14230,000.0098.941406/05/202006/09/2020AaaAA+AAA233,616.80233,625.448.64-6,051.58227,565.22227,573.86UNITED STATES TREASURY912828ZC7US GOV1.12502/28/202502/28/2025N---226,943.75220,000.0096.218806/05/202006/09/2020AaaAA+AAA224,297.93224,513.15215.22-12,616.57211,681.36211,896.58UNITED STATES TREASURY912828Z52US GOV1.37501/31/202501/31/2025N---130,966.80125,000.0097.015610/13/202010/14/2020AaaAA+AAA128,943.75129,228.62284.88-7,674.25121,269.50121,554.38UNITED STATES TREASURY912828ZW3US GOV0.25006/30/202506/30/2025N---253,894.34255,000.0092.996111/02/202011/04/2020AaaAA+AAA254,226.57254,386.83160.26-17,086.52237,140.05237,300.31UNITED STATES TREASURY912828ZT0US GOV0.25005/31/202505/31/2025N---233,971.88235,000.0093.164112/03/202012/04/2020AaaAA+AAA234,273.51234,470.42196.91-15,337.88218,935.64219,132.54UNITED STATES TREASURY912828ZT0US GOV0.25005/31/202505/31/2025N---189,094.53190,000.0093.164101/06/202101/08/2021AaaAA+AAA189,346.26189,505.47159.20-12,334.47177,011.79177,170.99Holdings Report Trade DateSan Jacinto, City of (66779)As of 03/31/2022Return to Table of ContentsDated: 04/07/202223.A.3.aPacket Pg. 83Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Description,Identifier,Security Type,CouponEffective Maturity,Final Maturity,Callable,Next Call DateOriginal Cost,Current Units,Market PriceTrade Date,Settle DateMoodysRating,S&P Rating,Fitch RatingBook Value,Book Value + AccruedAccrued Balance,Net Unrealized Gain/LossMarket Value,Market Value + AccruedUNITED STATES TREASURY91282CAT8US GOV0.25010/31/202510/31/2025N---188,567.58190,000.0092.300801/06/202101/08/2021AaaAA+AAA188,931.10189,130.55199.45-13,559.58175,371.52175,570.97UNITED STATES TREASURY91282CAZ4US GOV0.37511/30/202511/30/2025N---204,375.39205,000.0092.554702/04/202102/05/2021AaaAA+AAA204,523.58204,781.23257.66-14,786.44189,737.14189,994.79UNITED STATES TREASURY912828ZL7US GOV0.37504/30/202504/30/2025N---154,461.13155,000.0093.730502/24/202102/26/2021AaaAA+AAA154,601.43154,845.49244.06-9,319.15145,282.27145,526.34UNITED STATES TREASURY91282CBC4US GOV0.37512/31/202512/31/2025N---153,395.51155,000.0092.453102/24/202102/26/2021AaaAA+AAA153,754.09153,900.20146.12-10,451.78143,302.30143,448.42UNITED STATES TREASURY91282CBH3US GOV0.37501/31/202601/31/2026N---122,236.33125,000.0092.261703/29/202103/31/2021AaaAA+AAA122,800.29122,877.9877.69-7,473.16115,327.13115,404.82UNITED STATES TREASURY91282CBT7US GOV0.75003/31/202603/31/2026N---299,566.41300,000.0093.363305/06/202105/10/2021AaaAA+AAA299,644.70299,650.856.15-19,554.80280,089.90280,096.05UNITED STATES TREASURY91282CCC3US GOV0.25005/15/202405/15/2024N---219,510.16220,000.0095.652306/03/202106/07/2021AaaAA+AAA219,645.78219,853.93208.15-9,210.72210,435.06210,643.21UNITED STATES TREASURY91282CCF6US GOV0.75005/31/202605/31/2026N---219,028.91220,000.0093.117206/03/202106/07/2021AaaAA+AAA219,185.34219,738.36553.02-14,327.50204,857.84205,410.86UNITED STATES TREASURY91282CBR1US GOV0.25003/15/202403/15/2024N---348,550.78350,000.0096.125007/01/202107/06/2021AaaAA+AAA348,947.08348,987.5040.42-12,509.58336,437.50336,477.92UNITED STATES TREASURY91282CBW0US GOV0.75004/30/202604/30/2026N---235,688.48235,000.0093.253908/05/202108/09/2021AaaAA+AAA235,596.06236,336.12740.06-16,449.40219,146.67219,886.72UNITED STATES TREASURY91282CCP4US GOV0.62507/31/202607/31/2026N---332,579.10335,000.0092.398409/01/202109/03/2021AaaAA+AAA332,857.59333,204.62347.03-23,322.95309,534.64309,881.67UNITED STATES TREASURY91282CCJ8US GOV0.87506/30/202606/30/2026N---124,804.69125,000.0093.515610/04/202110/06/2021AaaAA+AAA124,824.61125,099.56274.95-7,930.11116,894.50117,169.45UNITED STATES TREASURY91282CBQ3US GOV0.50002/28/202602/28/2026N---326,520.31335,000.0092.558610/28/202110/29/2021AaaAA+AAA327,332.43327,478.08145.65-17,261.12310,071.31310,216.96UNITED STATES TREASURY912828ZC7US GOV1.12502/28/202502/28/2025N---75,647.4675,000.0096.218810/28/202110/29/2021AaaAA+AAA75,566.3775,639.7473.37-3,402.2772,164.1072,237.47UNITED STATES TREASURY91282CAB7US GOV0.25007/31/202507/31/2025N---170,358.40175,000.0092.812510/28/202110/29/2021AaaAA+AAA170,871.04170,943.5672.51-8,449.17162,421.88162,494.39UNITED STATES TREASURY91282CCZ2US GOV0.87509/30/202609/30/2026N---409,050.59415,000.0093.203110/28/202110/29/2021AaaAA+AAA409,549.42409,559.349.92-22,756.56386,792.86386,802.79Holdings Report Trade DateSan Jacinto, City of (66779)As of 03/31/2022Return to Table of ContentsDated: 04/07/202233.A.3.aPacket Pg. 84Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
* Filtered By: Description ¹ "Payable" and Description ¹ "Receivable". * Weighted by: Market Value + Accrued.Description,Identifier,Security Type,CouponEffective Maturity,Final Maturity,Callable,Next Call DateOriginal Cost,Current Units,Market PriceTrade Date,Settle DateMoodysRating,S&P Rating,Fitch RatingBook Value,Book Value + AccruedAccrued Balance,Net Unrealized Gain/LossMarket Value,Market Value + AccruedUNITED STATES TREASURY91282CDR9US GOV0.75012/31/202312/31/2023N---481,362.50485,000.0097.460901/27/202201/28/2022AaaAA+AAA481,689.16482,603.56914.40-9,003.80472,685.36473,599.76UNITED STATES TREASURY91282CEC1US GOV1.87502/28/202702/28/2027N---335,157.03335,000.0097.468803/09/202203/11/2022AaaAA+AAA335,155.39335,701.59546.20-8,634.91326,520.48327,066.68------------11/12/202411/16/2024------11,355,463.5111,320,569.37---------Aa1AAAA+11,318,607.3511,336,475.6517,868.30-449,892.9810,868,714.3710,886,582.67Holdings Report Trade DateSan Jacinto, City of (66779)As of 03/31/2022Return to Table of ContentsDated: 04/07/202243.A.3.aPacket Pg. 85Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Identifier,DescriptionFinal MaturityEnding Current UnitsEarned InterestIncomeRealized Gain,Realized LossAccretion IncomeAmortization ExpenseMisc IncomeNet Earned IncomeInterest PaymentReceived,Ending Interest Due91282CEC1UNITED STATES TREASURY02/28/2027335,000.00358.450.000.000.00-1.640.00356.810.000.0091282CCZ2UNITED STATES TREASURY09/30/2026415,000.00309.210.000.00100.410.000.00409.621,815.630.0091282CCP4UNITED STATES TREASURY07/31/2026335,000.00179.300.000.0041.650.000.00220.950.000.0091282CCJ8UNITED STATES TREASURY06/30/2026125,000.0093.660.000.003.470.000.0097.130.000.0091282CCF6UNITED STATES TREASURY05/31/2026220,000.00140.520.000.0016.360.000.00156.880.000.0091282CBW0UNITED STATES TREASURY04/30/2026235,000.00150.930.000.000.00-12.320.00138.610.000.0091282CBT7UNITED STATES TREASURY03/31/2026300,000.00191.590.000.007.440.000.00199.021,125.000.0091282CBQ3UNITED STATES TREASURY02/28/2026335,000.00141.100.000.00161.850.000.00302.950.000.0091282CBH3UNITED STATES TREASURY01/31/2026125,000.0040.140.000.0048.380.000.0088.520.000.0091282CBC4UNITED STATES TREASURY12/31/2025155,000.0049.780.000.0028.150.000.0077.920.000.0091282CAZ4UNITED STATES TREASURY11/30/2025205,000.0065.470.000.0010.980.000.0076.450.000.0091282CAT8UNITED STATES TREASURY10/31/2025190,000.0040.680.000.0025.360.000.0066.040.000.003135G05X7FEDERAL NATIONAL MORTGAGE ASSOCIATION08/25/2025415,000.00129.690.000.0033.180.000.00162.870.000.0091282CAB7UNITED STATES TREASURY07/31/2025175,000.0037.470.000.00104.440.000.00141.900.000.00912828ZW3UNITED STATES TREASURY06/30/2025255,000.0054.590.000.0020.270.000.0074.870.000.00912828ZT0UNITED STATES TREASURY05/31/2025235,000.0050.030.000.0019.440.000.0069.470.000.00912828ZT0UNITED STATES TREASURY05/31/2025190,000.0040.450.000.0017.490.000.0057.940.000.00912828ZL7UNITED STATES TREASURY04/30/2025155,000.0049.780.000.0011.000.000.0060.770.000.00437076CM2HOME DEPOT INC04/15/202560,000.0013.500.000.000.370.000.0013.870.000.003130AJHU6FEDERAL HOME LOAN BANKS04/14/2025225,000.0093.750.000.0018.940.000.00112.690.000.00912828ZC7UNITED STATES TREASURY02/28/2025220,000.00208.490.000.000.00-123.570.0084.920.000.00912828ZC7UNITED STATES TREASURY02/28/202575,000.0071.080.000.000.00-16.200.0054.880.000.003137EAEP0FEDERAL HOME LOAN MORTGAGE CORP02/12/2025300,000.00375.000.000.003.950.000.00378.950.000.00912828Z52UNITED STATES TREASURY01/31/2025125,000.00147.190.000.000.00-118.750.0028.430.000.00912828YY0UNITED STATES TREASURY12/31/202485,000.00127.380.000.000.00-61.120.0066.270.000.0014913R2P1CATERPILLAR FINANCIAL SERVICES CORP09/13/2024180,000.0090.000.000.006.880.000.0096.88537.000.0089236TJN6TOYOTA MOTOR CREDIT CORP09/13/2024280,000.00145.830.000.003.700.000.00149.53875.000.00912828YE4UNITED STATES TREASURY08/31/2024300,000.00315.900.000.00102.560.000.00418.450.000.00912828YE4UNITED STATES TREASURY08/31/2024370,000.00389.610.000.000.00-112.810.00276.790.000.0069371RR40PACCAR FINANCIAL CORP08/09/2024100,000.0041.670.000.001.540.000.0043.200.000.00Income Detail Report Trade DateSan Jacinto, City of (66779)03/01/2022 - 03/31/2022Return to Table of ContentsDated: 04/07/202253.A.3.aPacket Pg. 86Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
* Filtered By: Description ¹ "Payable" and Description ¹ "Receivable". * Weighted by: Ending Market Value + Accrued.Identifier,DescriptionFinal MaturityEnding Current UnitsEarned InterestIncomeRealized Gain,Realized LossAccretion IncomeAmortization ExpenseMisc IncomeNet Earned IncomeInterest PaymentReceived,Ending Interest Due91282CCC3UNITED STATES TREASURY05/15/2024220,000.0047.100.000.0014.240.000.0061.340.000.00023135BW5AMAZON.COM INC05/12/2024145,000.0054.380.000.006.020.000.0060.400.000.0091282CBR1UNITED STATES TREASURY03/15/2024350,000.0074.260.000.0045.550.000.00119.81437.500.003133EMRZ7FEDERAL FARM CREDIT BANKS FUNDING CORP02/26/2024220,000.0045.830.000.002.260.000.0048.090.000.00912828V80UNITED STATES TREASURY01/31/202495,000.00183.050.000.000.00-41.160.00141.880.000.00US3137BWWD24FHMS K-725 A201/25/2024280,000.00700.470.000.000.00-200.760.00499.71700.470.0014913R2S5CATERPILLAR FINANCIAL SERVICES CORP01/10/2024110,000.0087.080.000.000.750.000.0087.830.000.0091282CDR9UNITED STATES TREASURY12/31/2023485,000.00311.500.000.00160.740.000.00472.240.000.003135G06H1FEDERAL NATIONAL MORTGAGE ASSOCIATION11/27/2023320,000.0066.670.000.0010.390.000.0077.050.000.00912828T91UNITED STATES TREASURY10/31/2023110,000.00153.070.000.000.00-121.390.0031.680.000.00713448FB9PEPSICO INC10/07/202385,000.0028.330.000.001.370.000.0029.710.000.00912828T26UNITED STATES TREASURY09/30/2023230,000.00294.780.00-665.540.00-224.450.00-595.201,581.250.003137EAEV7FEDERAL HOME LOAN MORTGAGE CORP08/24/2023235,000.0048.960.000.006.830.000.0055.790.000.003137B4WB8FHMS K-033 A207/25/2023250,000.00637.500.000.000.00-219.670.00417.83637.500.00931142EK5WALMART INC06/26/2023225,000.00637.500.000.000.00-519.180.00118.320.000.003133ELG81FEDERAL FARM CREDIT BANKS FUNDING CORP06/08/2023335,000.0083.750.000.0031.060.000.00114.810.000.003137EAER6FEDERAL HOME LOAN MORTGAGE CORP05/05/20230.0034.900.00-3,878.831.290.000.00-3,842.650.000.00594918AT1MICROSOFT CORP05/01/2023235,000.00465.100.000.000.00-358.020.00107.090.000.003137EAEQ8FEDERAL HOME LOAN MORTGAGE CORP04/20/2023335,000.00104.690.000.0023.800.000.00128.490.000.003137AXHP1FHMS K-024 A209/25/2022308,662.46661.820.000.00-3.800.000.00658.02663.840.0031846V203FIRST AMER:GVT OBLG Y03/31/202226,906.910.260.000.000.000.000.000.260.180.26------11/16/202411,320,569.378,863.220.00-4,544.371,088.29-2,131.050.003,276.108,373.370.26Income Detail Report Trade DateSan Jacinto, City of (66779)03/01/2022 - 03/31/2022Return to Table of ContentsDated: 04/07/202263.A.3.aPacket Pg. 87Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
* Does not Lock Down. * Filtered By: Type = Buy or Type = Sell or Type = Call Redemption or Type = Put Redemption or Type = Corporate Action Sell or Type = Cash Transfer or Type = Maturity or Type = Coupon or Type = Principal Paydown or Type = Money Market Funds. * Weighted by: AbsoluteValue of Principal. * MMF transactions are expanded. * The Transaction Detail/Trading Activity reports provide our most up-to-date transactional details. As such, these reports are subject to change even after the other reports on the website have been locked down. While these reports can be useful tools in understanding recent activity,due to their dynamic nature we do not recommend using them for booking journal entries or reconciliation.IdentifierDescriptionCurrent UnitsTypeSettle DatePricePrincipalRealized Gain/LossAmount31846V203FIRST AMER:GVT OBLG Y0.00Money Market Funds02/28/2022---0.000.000.183137AXHP1FHMS K-024 A20.00Coupon03/01/2022---0.000.00663.843137AXHP1FHMS K-024 A2-941.07Principal Paydown03/01/2022----941.070.00941.073137B4WB8FHMS K-033 A20.00Coupon03/01/2022---0.000.00637.50US3137BWWD24FHMS K-725 A20.00Coupon03/01/2022---0.000.00700.4731846V203FIRST AMER:GVT OBLG Y0.18Buy03/02/20221.0000.180.00-0.1831846V203FIRST AMER:GVT OBLG Y-3,837.99Sell03/11/20221.000-3,837.990.003,837.993137EAER6FEDERAL HOME LOAN MORTGAGE CORP-335,000.00Sell03/11/202298.826-331,067.10-3,878.83331,506.7991282CEC1UNITED STATES TREASURY335,000.00Buy03/11/2022100.047335,157.030.00-335,344.7814913R2P1CATERPILLAR FINANCIAL SERVICES CORP0.00Coupon03/13/2022---0.000.00537.0089236TJN6TOYOTA MOTOR CREDIT CORP0.00Coupon03/13/2022---0.000.00875.0031846V203FIRST AMER:GVT OBLG Y1,412.00Buy03/14/20221.0001,412.000.00-1,412.0031846V203FIRST AMER:GVT OBLG Y437.50Buy03/15/20221.000437.500.00-437.5091282CBR1UNITED STATES TREASURY0.00Coupon03/15/2022---0.000.00437.50CCYUSDUS DOLLAR0.00Cash Transfer03/25/2022---0.000.00-104.1731846V203FIRST AMER:GVT OBLG Y1,233.80Buy03/25/20221.0001,233.800.00-1,233.8031846V203FIRST AMER:GVT OBLG Y1,604.91Buy03/25/20221.0001,604.910.00-1,604.9131846V203FIRST AMER:GVT OBLG Y24,899.51Buy03/28/20221.00024,899.510.00-24,899.5131846V203FIRST AMER:GVT OBLG Y-59,895.00Sell03/28/20221.000-59,895.000.0059,895.00912828T26UNITED STATES TREASURY-25,000.00Sell03/28/202298.922-24,730.47-665.5424,899.51437076CM2HOME DEPOT INC60,000.00Buy03/28/202299.82559,895.000.00-59,895.0031846V203FIRST AMER:GVT OBLG Y4,521.88Buy03/31/20221.0004,521.880.00-4,521.8831846V203FIRST AMER:GVT OBLG Y0.00Money Market Funds03/31/2022---0.000.000.26912828T26UNITED STATES TREASURY0.00Coupon03/31/2022---0.000.001,581.2591282CBT7UNITED STATES TREASURY0.00Coupon03/31/2022---0.000.001,125.0091282CCZ2UNITED STATES TREASURY0.00Coupon03/31/2022---0.000.001,815.63------4,435.72---------8,690.18-4,544.370.26Transactions Realized Gain Loss ReportSan Jacinto, City of (66779)03/01/2022 - 03/31/2022Return to Table of ContentsDated: 04/07/202273.A.3.aPacket Pg. 88Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Amazon.com, Inc.Caterpillar Inc.IdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue023135BW5CORPAMAZON.COM INCAmazon.com, Inc.145,000.00FixedN2.0800.4992.18805/12/202405/12/2024251.94144,850.55145,102.49139,820.71140,072.651.286%023135BW5CORPAMAZON.COM INCAmazon.com, Inc.145,000.00FixedN2.0800.4992.18805/12/202405/12/2024251.94144,850.55145,102.49139,820.71140,072.651.286%IdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue14913R2P1CORPCATERPILLAR FINANCIAL SERVICESCORPCaterpillar Inc.180,000.00FixedN2.4040.6462.55509/13/202409/13/202454.00179,799.68179,853.68171,693.66171,747.661.580%14913R2S5CORPCATERPILLAR FINANCIAL SERVICESCORPCaterpillar Inc.110,000.00FixedN1.7400.9582.40801/10/202401/10/2024235.13109,984.35110,219.48107,228.83107,463.960.987%---CORPCATERPILLAR FINANCIAL SERVICESCORPCaterpillar Inc.290,000.00FixedN2.1480.7652.49806/10/202406/10/2024289.13289,784.03290,073.16278,922.49279,211.622.566%Issuer Concentration with Yield GASB 40 Trade DateSan Jacinto, City of (66779)As of 03/31/2022Return to Table of ContentsDated: 04/07/202283.A.3.aPacket Pg. 89Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Farm Credit SystemFederal Home Loan BanksFederal Home Loan Mortgage CorporationFederal National Mortgage AssociationIdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue3133ELG81AGCY BONDFEDERAL FARM CREDIT BANKSFUNDING CORPFarm Credit System335,000.00FixedN1.1720.4101.94006/08/202306/08/2023315.46334,566.00334,881.46328,587.86328,903.313.023%3133EMRZ7AGCY BONDFEDERAL FARM CREDIT BANKSFUNDING CORPFarm Credit System220,000.00FixedN1.8790.2622.12202/26/202402/26/202453.47219,949.61220,003.08212,360.66212,414.131.954%---AGCY BONDFEDERAL FARM CREDIT BANKSFUNDING CORPFarm Credit System555,000.00FixedN1.4500.3512.01109/19/202309/19/2023368.93554,515.61554,884.54540,948.52541,317.454.977%IdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue3130AJHU6AGCY BONDFEDERAL HOME LOAN BANKSFederal Home Loan Banks225,000.00FixedN2.9730.6012.43304/14/202504/14/2025521.88224,317.70224,839.57212,343.10212,864.981.954%3130AJHU6AGCY BONDFEDERAL HOME LOAN BANKSFederal Home Loan Banks225,000.00FixedN2.9730.6012.43304/14/202504/14/2025521.88224,317.70224,839.57212,343.10212,864.981.954%IdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue3137AXHP1FHLMC CMOFHMS K-024 A2Federal Home Loan Mortgage Corporation308,662.46FixedY0.3842.5631.34708/23/202209/25/2022661.82308,163.08308,824.90309,579.81310,241.632.848%3137B4WB8FHLMCFHMS K-033 A2Federal Home Loan Mortgage Corporation250,000.00VariableY1.1591.9902.06006/08/202307/25/2023637.50252,656.24253,293.74252,435.95253,073.452.323%US3137BWWD24FHLMCFHMS K-725 A2Federal Home Loan Mortgage Corporation280,000.00VariableY1.6522.1192.49212/17/202301/25/2024700.47283,634.65284,335.12281,868.86282,569.332.593%3137EAEP0AGCY BONDFEDERAL HOME LOAN MORTGAGECORPFederal Home Loan Mortgage Corporation300,000.00FixedN2.7731.5162.48602/12/202502/12/2025612.50299,865.22300,477.72291,868.70292,481.202.685%3137EAEQ8AGCY BONDFEDERAL HOME LOAN MORTGAGECORPFederal Home Loan Mortgage Corporation335,000.00FixedN1.0410.4591.77204/20/202304/20/2023561.82334,704.96335,266.79330,138.25330,700.083.038%3137EAEV7AGCY BONDFEDERAL HOME LOAN MORTGAGECORPFederal Home Loan Mortgage Corporation235,000.00FixedN1.3810.2842.08108/24/202308/24/202360.38234,888.16234,948.54229,103.10229,163.482.108%---------Federal Home Loan Mortgage Corporation1,708,662.46------1.3841.4992.02209/02/202309/21/20233,234.501,713,912.311,717,146.801,694,994.661,698,229.1615.595%IdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue3135G05X7AGCY BONDFEDERAL NATIONAL MORTGAGEASSOCIATIONFederal National Mortgage Association415,000.00FixedN3.3380.4702.47808/25/202508/25/2025155.63413,671.64413,827.26386,715.14386,870.763.558%3135G06H1AGCY BONDFEDERAL NATIONAL MORTGAGEASSOCIATIONFederal National Mortgage Association320,000.00FixedN1.6340.2882.14611/27/202311/27/2023275.56319,798.78320,074.34310,180.99310,456.542.854%Issuer Concentration with Yield GASB 40 Trade DateSan Jacinto, City of (66779)As of 03/31/2022Return to Table of ContentsDated: 04/07/202293.A.3.aPacket Pg. 90Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Microsoft CorporationPACCAR IncPepsiCo, Inc.The Home Depot, Inc.Toyota Motor CorporationIdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue---AGCY BONDFEDERAL NATIONAL MORTGAGEASSOCIATIONFederal National Mortgage Association735,000.00FixedN2.5800.3912.33011/14/202411/14/2024431.18733,470.42733,901.60696,896.12697,327.306.412%IdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue594918AT1CORPMICROSOFT CORPMicrosoft Corporation235,000.00FixedY1.0450.5832.61605/01/202305/01/20232,325.52238,494.43240,819.95234,395.71236,721.232.157%594918AT1CORPMICROSOFT CORPMicrosoft Corporation235,000.00FixedY1.0450.5832.61605/01/202305/01/20232,325.52238,494.43240,819.95234,395.71236,721.232.157%IdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue69371RR40CORPPACCAR FINANCIAL CORPPACCAR Inc100,000.00FixedN2.3140.5182.45908/09/202408/09/202472.2299,957.47100,029.6995,543.6895,615.900.879%69371RR40CORPPACCAR FINANCIAL CORPPACCAR Inc100,000.00FixedN2.3140.5182.45908/09/202408/09/202472.2299,957.47100,029.6995,543.6895,615.900.879%IdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue713448FB9CORPPEPSICO INCPepsiCo, Inc.85,000.00FixedN1.4960.4191.93010/07/202310/07/2023164.3384,975.4385,139.7783,065.8083,230.130.764%713448FB9CORPPEPSICO INCPepsiCo, Inc.85,000.00FixedN1.4960.4191.93010/07/202310/07/2023164.3384,975.4385,139.7783,065.8083,230.130.764%IdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue437076CM2CORPHOME DEPOT INCThe Home Depot, Inc.60,000.00FixedY2.8842.7602.72704/15/202504/15/202513.5059,895.3759,908.8759,952.5659,966.060.552%437076CM2CORPHOME DEPOT INCThe Home Depot, Inc.60,000.00FixedY2.8842.7602.72704/15/202504/15/202513.5059,895.3759,908.8759,952.5659,966.060.552%IdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue89236TJN6CORPTOYOTA MOTOR CREDIT CORPToyota Motor Corporation280,000.00FixedN2.4020.6412.69809/13/202409/13/202487.50279,892.41279,979.91266,329.12266,416.622.450%89236TJN6CORPTOYOTA MOTOR CREDIT CORPToyota Motor Corporation280,000.00FixedN2.4020.6412.69809/13/202409/13/202487.50279,892.41279,979.91266,329.12266,416.622.450%Issuer Concentration with Yield GASB 40 Trade DateSan Jacinto, City of (66779)As of 03/31/2022Return to Table of ContentsDated: 04/07/2022103.A.3.aPacket Pg. 91Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
U.S. BancorpUnited StatesIdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue31846V203MMFUNDFIRST AMER:GVT OBLG YU.S. Bancorp26,906.91FixedN0.0000.0100.01003/31/202203/31/20220.0026,906.9126,906.9126,906.9126,906.910.248%31846V203MMFUNDFIRST AMER:GVT OBLG YU.S. Bancorp26,906.91FixedN0.0000.0100.01003/31/202203/31/20220.0026,906.9126,906.9126,906.9126,906.910.248%IdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue912828YE4US GOVUNITED STATES TREASURYUnited States300,000.00FixedN2.3561.6732.43208/31/202408/31/2024326.09297,010.89297,336.98291,726.60292,052.692.684%912828V80US GOVUNITED STATES TREASURYUnited States95,000.00FixedN1.7841.7262.27301/31/202401/31/2024354.2895,894.2296,248.5094,959.1595,313.430.874%912828YE4US GOVUNITED STATES TREASURYUnited States370,000.00FixedN2.3560.8802.43208/31/202408/31/2024402.17373,261.19373,663.36359,796.14360,198.313.310%912828YY0US GOVUNITED STATES TREASURYUnited States85,000.00FixedN2.6530.8882.47312/31/202412/31/2024373.9386,985.5487,359.4783,373.0183,746.940.767%912828T91US GOVUNITED STATES TREASURYUnited States110,000.00FixedN1.5420.3282.13410/31/202310/31/2023750.55112,246.91112,997.47109,131.99109,882.541.004%912828T26US GOVUNITED STATES TREASURYUnited States230,000.00FixedN1.4740.3212.09609/30/202309/30/20238.64233,616.80233,625.44227,565.22227,573.862.094%912828ZC7US GOVUNITED STATES TREASURYUnited States220,000.00FixedN2.8380.4492.47702/28/202502/28/2025215.22224,297.93224,513.15211,681.36211,896.581.948%912828Z52US GOVUNITED STATES TREASURYUnited States125,000.00FixedN2.7510.2572.47001/31/202501/31/2025284.88128,943.75129,228.62121,269.50121,554.381.116%912828ZW3US GOVUNITED STATES TREASURYUnited States255,000.00FixedN3.1980.3442.50606/30/202506/30/2025160.26254,226.57254,386.83237,140.05237,300.312.182%912828ZT0US GOVUNITED STATES TREASURYUnited States235,000.00FixedN3.1150.3482.50805/31/202505/31/2025196.91234,273.51234,470.42218,935.64219,132.542.014%912828ZT0US GOVUNITED STATES TREASURYUnited States190,000.00FixedN3.1150.3592.50805/31/202505/31/2025159.20189,346.26189,505.47177,011.79177,170.991.629%91282CAT8US GOVUNITED STATES TREASURYUnited States190,000.00FixedN3.5200.4082.51010/31/202510/31/2025199.45188,931.10189,130.55175,371.52175,570.971.614%91282CAZ4US GOVUNITED STATES TREASURYUnited States205,000.00FixedN3.5950.4392.51311/30/202511/30/2025257.66204,523.58204,781.23189,737.14189,994.791.746%912828ZL7US GOVUNITED STATES TREASURYUnited States155,000.00FixedN3.0250.4592.50104/30/202504/30/2025244.06154,601.43154,845.49145,282.27145,526.341.337%91282CBC4US GOVUNITED STATES TREASURYUnited States155,000.00FixedN3.6780.5922.49512/31/202512/31/2025146.12153,754.09153,900.20143,302.30143,448.421.318%91282CBH3US GOVUNITED STATES TREASURYUnited States125,000.00FixedN3.7620.8422.50301/31/202601/31/202677.69122,800.29122,877.98115,327.13115,404.821.061%91282CBT7US GOVUNITED STATES TREASURYUnited States300,000.00FixedN3.8970.7802.50403/31/202603/31/20266.15299,644.70299,650.85280,089.90280,096.052.577%91282CCC3US GOVUNITED STATES TREASURYUnited States220,000.00FixedN2.0930.3262.36005/15/202405/15/2024208.15219,645.78219,853.93210,435.06210,643.211.936%91282CCF6US GOVUNITED STATES TREASURYUnited States220,000.00FixedN4.0470.8412.49905/31/202605/31/2026553.02219,185.34219,738.36204,857.84205,410.861.885%91282CBR1US GOVUNITED STATES TREASURYUnited States350,000.00FixedN1.9310.4052.28603/15/202403/15/202440.42348,947.08348,987.50336,437.50336,477.923.095%91282CBW0US GOVUNITED STATES TREASURYUnited States235,000.00FixedN3.9630.6872.49804/30/202604/30/2026740.06235,596.06236,336.12219,146.67219,886.722.016%91282CCP4US GOVUNITED STATES TREASURYUnited States335,000.00FixedN4.2260.7752.48507/31/202607/31/2026347.03332,857.59333,204.62309,534.64309,881.672.848%91282CCJ8US GOVUNITED STATES TREASURYUnited States125,000.00FixedN4.1190.9092.49206/30/202606/30/2026274.95124,824.61125,099.56116,894.50117,169.451.076%Issuer Concentration with Yield GASB 40 Trade DateSan Jacinto, City of (66779)As of 03/31/2022Return to Table of ContentsDated: 04/07/2022113.A.3.aPacket Pg. 92Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Walmart Inc.Summary * Grouped by: Issuer Concentration. * Groups Sorted by: Issuer Concentration. * Filtered By: Description ¹ "Payable" and Description ¹ "Receivable". * Weighted by: Ending Market Value + Accrued, except Book Yield by Base Book Value + Accrued.IdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue91282CBQ3US GOVUNITED STATES TREASURYUnited States335,000.00FixedN3.8311.0992.50702/28/202602/28/2026145.65327,332.43327,478.08310,071.31310,216.962.853%912828ZC7US GOVUNITED STATES TREASURYUnited States75,000.00FixedN2.8380.8622.47702/28/202502/28/202573.3775,566.3775,639.7472,164.1072,237.470.664%91282CAB7US GOVUNITED STATES TREASURYUnited States175,000.00FixedN3.2820.9712.50907/31/202507/31/202572.51170,871.04170,943.56162,421.88162,494.391.494%91282CCZ2US GOVUNITED STATES TREASURYUnited States415,000.00FixedN4.3651.1762.48109/30/202609/30/20269.92409,549.42409,559.34386,792.86386,802.793.559%91282CDR9US GOVUNITED STATES TREASURYUnited States485,000.00FixedN1.7211.1452.23612/31/202312/31/2023914.40481,689.16482,603.56472,685.36473,599.764.349%91282CEC1US GOVUNITED STATES TREASURYUnited States335,000.00FixedN4.6521.8652.42402/28/202702/28/2027546.20335,155.39335,701.59326,520.48327,066.683.004%---US GOVUNITED STATES TREASURYUnited States6,650,000.00FixedN3.1170.8132.42706/12/202506/12/20258,088.936,635,579.036,643,667.966,309,662.926,317,751.8458.053%IdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue931142EK5CORPWALMART INCWalmart Inc.225,000.00FixedY1.1380.6651.86005/26/202306/26/20232,018.75232,055.67234,074.42228,932.06230,950.812.106%931142EK5CORPWALMART INCWalmart Inc.225,000.00FixedY1.1380.6651.86005/26/202306/26/20232,018.75232,055.67234,074.42228,932.06230,950.812.106%IdentifierSecurity TypeDescription,Issuer ConcentrationEnding Current UnitsCoupon TypeCallableDurationBookYieldYieldEndingEffectiveMaturity,Final MaturityEnding AccruedBalanceEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued% of MarketValue------------11,320,569.37------2.5560.8482.32711/12/202411/16/202417,868.3011,318,607.3511,336,475.6510,868,714.3710,886,582.67100.000%Issuer Concentration with Yield GASB 40 Trade DateSan Jacinto, City of (66779)As of 03/31/2022Return to Table of ContentsDated: 04/07/2022123.A.3.aPacket Pg. 93Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
AGCY BONDIdentifier,Description,Security Type% of MarketValue +AccruedCoupon TypeCallableDurationS&PRating,Moody'sRatingEnding Current UnitsEndingEffectiveMaturity,Final MaturityBookYield,YieldEnding AccruedBalanceOriginal CostEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued3137EAEQ8FEDERAL HOME LOAN MORTGAGE CORPAGCY BOND3.038%FixedN1.041AA+Aaa335,000.0004/20/202304/20/20230.4591.772561.82334,162.50334,704.96335,266.79330,138.25330,700.083133ELG81FEDERAL FARM CREDIT BANKS FUNDINGCORPAGCY BOND3.021%FixedN1.172AA+Aaa335,000.0006/08/202306/08/20230.4101.940315.46333,907.90334,566.00334,881.46328,587.86328,903.313137EAEV7FEDERAL HOME LOAN MORTGAGE CORPAGCY BOND2.105%FixedN1.381AA+Aaa235,000.0008/24/202308/24/20230.2842.08160.38234,760.30234,888.16234,948.54229,103.10229,163.483135G06H1FEDERAL NATIONAL MORTGAGEASSOCIATIONAGCY BOND2.852%FixedN1.634AA+Aaa320,000.0011/27/202311/27/20230.2882.146275.56319,635.20319,798.78320,074.34310,180.99310,456.543133EMRZ7FEDERAL FARM CREDIT BANKS FUNDINGCORPAGCY BOND1.951%FixedN1.879AA+Aaa220,000.0002/26/202402/26/20240.2622.12253.47219,920.80219,949.61220,003.08212,360.66212,414.133137EAEP0FEDERAL HOME LOAN MORTGAGE CORPAGCY BOND2.687%FixedN2.773AA+Aaa300,000.0002/12/202502/12/20251.5162.486612.50299,769.00299,865.22300,477.72291,868.70292,481.203130AJHU6FEDERAL HOME LOAN BANKSAGCY BOND1.955%FixedN2.973AA+Aaa225,000.0004/14/202504/14/20250.6012.433521.88223,884.00224,317.70224,839.57212,343.10212,864.98Security Type GASB 40 Trade DateSan Jacinto, City of (66779)As of 03/31/2022Return to Table of ContentsDated: 04/07/2022133.A.3.aPacket Pg. 94Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
CORPFHLMCIdentifier,Description,Security Type% of MarketValue +AccruedCoupon TypeCallableDurationS&PRating,Moody'sRatingEnding Current UnitsEndingEffectiveMaturity,Final MaturityBookYield,YieldEnding AccruedBalanceOriginal CostEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued3135G05X7FEDERAL NATIONAL MORTGAGEASSOCIATIONAGCY BOND3.554%FixedN3.338AA+Aaa415,000.0008/25/202508/25/20250.4702.478155.63413,057.80413,671.64413,827.26386,715.14386,870.76------AGCY BOND21.162%FixedN2.035AA+Aaa2,385,000.0004/27/202404/27/20240.5422.1802,556.692,379,097.502,381,762.072,384,318.762,301,297.792,303,854.48Identifier,Description,Security Type% of MarketValue +AccruedCoupon TypeCallableDurationS&PRating,Moody'sRatingEnding Current UnitsEndingEffectiveMaturity,Final MaturityBookYield,YieldEnding AccruedBalanceOriginal CostEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued594918AT1MICROSOFT CORPCORP2.174%FixedY1.045AAAAaa235,000.0005/01/202305/01/20230.5832.6162,325.52246,484.45238,494.43240,819.95234,395.71236,721.23931142EK5WALMART INCCORP2.121%FixedY1.138AAAa2225,000.0005/26/202306/26/20230.6651.8602,018.75243,666.00232,055.67234,074.42228,932.06230,950.81713448FB9PEPSICO INCCORP0.765%FixedN1.496A+A185,000.0010/07/202310/07/20230.4191.930164.3384,951.5584,975.4385,139.7783,065.8083,230.1314913R2S5CATERPILLAR FINANCIAL SERVICES CORPCORP0.987%FixedN1.740AA2110,000.0001/10/202401/10/20240.9582.408235.13109,982.40109,984.35110,219.48107,228.83107,463.96023135BW5AMAZON.COM INCCORP1.287%FixedN2.080AAA1145,000.0005/12/202405/12/20240.4992.188251.94144,788.30144,850.55145,102.49139,820.71140,072.6569371RR40PACCAR FINANCIAL CORPCORP0.878%FixedN2.314A+A1100,000.0008/09/202408/09/20240.5182.45972.2299,946.0099,957.47100,029.6995,543.6895,615.9014913R2P1CATERPILLAR FINANCIAL SERVICES CORPCORP1.578%FixedN2.404AA2180,000.0009/13/202409/13/20240.6462.55554.00179,755.20179,799.68179,853.68171,693.66171,747.6689236TJN6TOYOTA MOTOR CREDIT CORPCORP2.447%FixedN2.402A+A1280,000.0009/13/202409/13/20240.6412.69887.50279,868.40279,892.41279,979.91266,329.12266,416.62437076CM2HOME DEPOT INCCORP0.551%FixedY2.884ANA60,000.0004/15/202504/15/20252.7602.72713.5059,895.0059,895.3759,908.8759,952.5659,966.06------CORP12.788%Fixed---1.839A+A11,420,000.0002/17/202402/22/20240.7122.3935,222.891,449,337.301,429,905.381,435,128.271,386,962.141,392,185.03Identifier,Description,Security Type% of MarketValue +AccruedCoupon TypeCallableDurationS&PRating,Moody'sRatingEnding Current UnitsEndingEffectiveMaturity,Final MaturityBookYield,YieldEnding AccruedBalanceOriginal CostEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued3137B4WB8FHMS K-033 A2FHLMC2.325%VariableY1.159AA+Aaa250,000.0006/08/202307/25/20231.9902.060637.50258,544.92252,656.24253,293.74252,435.95253,073.45US3137BWWD24FHMS K-725 A2FHLMC2.596%VariableY1.652AAAAaa280,000.0012/17/202301/25/20242.1192.492700.47289,012.50283,634.65284,335.12281,868.86282,569.33------FHLMC4.920%VariableY1.419AAAAaa530,000.0009/17/202310/30/20232.0582.2881,337.97547,557.42536,290.89537,628.86534,304.81535,642.78Security Type GASB 40 Trade DateSan Jacinto, City of (66779)As of 03/31/2022Return to Table of ContentsDated: 04/07/2022143.A.3.aPacket Pg. 95Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
FHLMC CMOMMFUNDUS GOVIdentifier,Description,Security Type% of MarketValue +AccruedCoupon TypeCallableDurationS&PRating,Moody'sRatingEnding Current UnitsEndingEffectiveMaturity,Final MaturityBookYield,YieldEnding AccruedBalanceOriginal CostEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued3137AXHP1FHMS K-024 A2FHLMC CMO2.850%FixedY0.384AA+Aaa308,662.4608/23/202209/25/20222.5631.347661.82308,361.04308,163.08308,824.90309,579.81310,241.633137AXHP1FHMS K-024 A2FHLMC CMO2.850%FixedY0.384AA+Aaa308,662.4608/23/202209/25/20222.5631.347661.82308,361.04308,163.08308,824.90309,579.81310,241.63Identifier,Description,Security Type% of MarketValue +AccruedCoupon TypeCallableDurationS&PRating,Moody'sRatingEnding Current UnitsEndingEffectiveMaturity,Final MaturityBookYield,YieldEnding AccruedBalanceOriginal CostEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued31846V203FIRST AMER:GVT OBLG YMMFUND0.247%FixedN0.000AAAmAaa26,906.9103/31/202203/31/20220.0100.0100.0026,906.9126,906.9126,906.9126,906.9126,906.9131846V203FIRST AMER:GVT OBLG YMMFUND0.247%FixedN0.000AAAmAaa26,906.9103/31/202203/31/20220.0100.0100.0026,906.9126,906.9126,906.9126,906.9126,906.91Identifier,Description,Security Type% of MarketValue +AccruedCoupon TypeCallableDurationS&PRating,Moody'sRatingEnding Current UnitsEndingEffectiveMaturity,Final MaturityBookYield,YieldEnding AccruedBalanceOriginal CostEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued912828T26UNITED STATES TREASURYUS GOV2.090%FixedN1.474AA+Aaa230,000.0009/30/202309/30/20230.3212.0968.64237,969.14233,616.80233,625.44227,565.22227,573.86912828T91UNITED STATES TREASURYUS GOV1.009%FixedN1.542AA+Aaa110,000.0010/31/202310/31/20230.3282.134750.55114,808.20112,246.91112,997.47109,131.99109,882.5491282CDR9UNITED STATES TREASURYUS GOV4.350%FixedN1.721AA+Aaa485,000.0012/31/202312/31/20231.1452.236914.40481,362.50481,689.16482,603.56472,685.36473,599.76912828V80UNITED STATES TREASURYUS GOV0.876%FixedN1.784AA+Aaa95,000.0001/31/202401/31/20241.7262.273354.2896,970.5195,894.2296,248.5094,959.1595,313.4391282CBR1UNITED STATES TREASURYUS GOV3.091%FixedN1.931AA+Aaa350,000.0003/15/202403/15/20240.4052.28640.42348,550.78348,947.08348,987.50336,437.50336,477.9291282CCC3UNITED STATES TREASURYUS GOV1.935%FixedN2.093AA+Aaa220,000.0005/15/202405/15/20240.3262.360208.15219,510.16219,645.78219,853.93210,435.06210,643.21912828YE4UNITED STATES TREASURYUS GOV2.683%FixedN2.356AA+Aaa300,000.0008/31/202408/31/20241.6732.432326.09294,257.81297,010.89297,336.98291,726.60292,052.69912828YE4UNITED STATES TREASURYUS GOV3.309%FixedN2.356AA+Aaa370,000.0008/31/202408/31/20240.8802.432402.17376,012.50373,261.19373,663.36359,796.14360,198.31912828YY0UNITED STATES TREASURYUS GOV0.769%FixedN2.653AA+Aaa85,000.0012/31/202412/31/20240.8882.473373.9388,453.1386,985.5487,359.4783,373.0183,746.94912828Z52UNITED STATES TREASURYUS GOV1.117%FixedN2.751AA+Aaa125,000.0001/31/202501/31/20250.2572.470284.88130,966.80128,943.75129,228.62121,269.50121,554.38912828ZC7UNITED STATES TREASURYUS GOV1.946%FixedN2.838AA+Aaa220,000.0002/28/202502/28/20250.4492.477215.22226,943.75224,297.93224,513.15211,681.36211,896.58Security Type GASB 40 Trade DateSan Jacinto, City of (66779)As of 03/31/2022Return to Table of ContentsDated: 04/07/2022153.A.3.aPacket Pg. 96Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
SummaryIdentifier,Description,Security Type% of MarketValue +AccruedCoupon TypeCallableDurationS&PRating,Moody'sRatingEnding Current UnitsEndingEffectiveMaturity,Final MaturityBookYield,YieldEnding AccruedBalanceOriginal CostEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued912828ZC7UNITED STATES TREASURYUS GOV0.664%FixedN2.838AA+Aaa75,000.0002/28/202502/28/20250.8622.47773.3775,647.4675,566.3775,639.7472,164.1072,237.47912828ZL7UNITED STATES TREASURYUS GOV1.337%FixedN3.025AA+Aaa155,000.0004/30/202504/30/20250.4592.501244.06154,461.13154,601.43154,845.49145,282.27145,526.34912828ZT0UNITED STATES TREASURYUS GOV2.013%FixedN3.115AA+Aaa235,000.0005/31/202505/31/20250.3482.508196.91233,971.88234,273.51234,470.42218,935.64219,132.54912828ZT0UNITED STATES TREASURYUS GOV1.627%FixedN3.115AA+Aaa190,000.0005/31/202505/31/20250.3592.508159.20189,094.53189,346.26189,505.47177,011.79177,170.99912828ZW3UNITED STATES TREASURYUS GOV2.180%FixedN3.198AA+Aaa255,000.0006/30/202506/30/20250.3442.506160.26253,894.34254,226.57254,386.83237,140.05237,300.3191282CAB7UNITED STATES TREASURYUS GOV1.493%FixedN3.282AA+Aaa175,000.0007/31/202507/31/20250.9712.50972.51170,358.40170,871.04170,943.56162,421.88162,494.3991282CAT8UNITED STATES TREASURYUS GOV1.613%FixedN3.520AA+Aaa190,000.0010/31/202510/31/20250.4082.510199.45188,567.58188,931.10189,130.55175,371.52175,570.9791282CAZ4UNITED STATES TREASURYUS GOV1.745%FixedN3.595AA+Aaa205,000.0011/30/202511/30/20250.4392.513257.66204,375.39204,523.58204,781.23189,737.14189,994.7991282CBC4UNITED STATES TREASURYUS GOV1.318%FixedN3.678AA+Aaa155,000.0012/31/202512/31/20250.5922.495146.12153,395.51153,754.09153,900.20143,302.30143,448.4291282CBH3UNITED STATES TREASURYUS GOV1.060%FixedN3.762AA+Aaa125,000.0001/31/202601/31/20260.8422.50377.69122,236.33122,800.29122,877.98115,327.13115,404.8291282CBQ3UNITED STATES TREASURYUS GOV2.850%FixedN3.831AA+Aaa335,000.0002/28/202602/28/20261.0992.507145.65326,520.31327,332.43327,478.08310,071.31310,216.9691282CBT7UNITED STATES TREASURYUS GOV2.573%FixedN3.897AA+Aaa300,000.0003/31/202603/31/20260.7802.5046.15299,566.41299,644.70299,650.85280,089.90280,096.0591282CBW0UNITED STATES TREASURYUS GOV2.020%FixedN3.963AA+Aaa235,000.0004/30/202604/30/20260.6872.498740.06235,688.48235,596.06236,336.12219,146.67219,886.7291282CCF6UNITED STATES TREASURYUS GOV1.887%FixedN4.047AA+Aaa220,000.0005/31/202605/31/20260.8412.499553.02219,028.91219,185.34219,738.36204,857.84205,410.8691282CCJ8UNITED STATES TREASURYUS GOV1.076%FixedN4.119AA+Aaa125,000.0006/30/202606/30/20260.9092.492274.95124,804.69124,824.61125,099.56116,894.50117,169.4591282CCP4UNITED STATES TREASURYUS GOV2.846%FixedN4.226AA+Aaa335,000.0007/31/202607/31/20260.7752.485347.03332,579.10332,857.59333,204.62309,534.64309,881.6791282CCZ2UNITED STATES TREASURYUS GOV3.553%FixedN4.365AA+Aaa415,000.0009/30/202609/30/20261.1762.4819.92409,050.59409,549.42409,559.34386,792.86386,802.7991282CEC1UNITED STATES TREASURYUS GOV3.004%FixedN4.652AA+Aaa335,000.0002/28/202702/28/20271.8652.424546.20335,157.03335,155.39335,701.59326,520.48327,066.68---UNITED STATES TREASURYUS GOV58.032%FixedN3.117AA+Aaa6,650,000.0006/12/202506/12/20250.8132.4278,088.936,644,203.346,635,579.036,643,667.966,309,662.926,317,751.84Security Type GASB 40 Trade DateSan Jacinto, City of (66779)As of 03/31/2022Return to Table of ContentsDated: 04/07/2022163.A.3.aPacket Pg. 97Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
* Grouped by: Security Type. * Groups Sorted by: Security Type. * Filtered By: Description ¹ "Payable" and Description ¹ "Receivable". * Weighted by: Ending Market Value + Accrued, except Book Yield by Base Book Value + Accrued.Identifier,Description,Security Type% of MarketValue +AccruedCoupon TypeCallableDurationS&PRating,Moody'sRatingEnding Current UnitsEndingEffectiveMaturity,Final MaturityBookYield,YieldEnding AccruedBalanceOriginal CostEnding Book Value,Book Value + AccruedMarket Value,Ending Market Value +Accrued---------100.000%------2.556AAAa111,320,569.3711/12/202411/16/20240.8482.32717,868.3011,355,463.5111,318,607.3511,336,475.6510,868,714.3710,886,582.67Security Type GASB 40 Trade DateSan Jacinto, City of (66779)As of 03/31/2022Return to Table of ContentsDated: 04/07/2022173.A.3.aPacket Pg. 98Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Identifier,Description,Security TypeInterest/DividendReceivedTransfers In/OutPurchasesPurchasedAccruedIncomeSalesDisposed AccruedMaturities andRedemptionsPaydownsNet RealizedGain/LossBeginning OriginalCost,Ending Original CostBeginning MarketValue,Ending Market Value31846V203FIRST AMER:GVT OBLG YMMFUND0.180.0034,109.780.00-63,732.990.000.000.000.0056,530.1226,906.9156,530.1226,906.91CCYUSDReceivableCASH0.000.000.000.000.000.000.000.000.000.180.260.180.26CCYUSDCashCASH0.00-104.170.000.000.000.000.000.000.000.000.000.000.00912828YE4UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00294,257.81294,257.81297,773.40291,726.603137B4WB8FHMS K-033 A2FHLMC637.500.000.000.000.000.000.000.000.00258,544.92258,544.92254,470.88252,435.95US3137BWWD24FHMS K-725 A2FHLMC700.470.000.000.000.000.000.000.000.00289,012.50289,012.50286,439.30281,868.86912828V80UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.0096,970.5196,970.5196,484.3894,959.153137EAEP0FEDERAL HOME LOAN MORTGAGECORPAGCY BOND0.000.000.000.000.000.000.000.000.00299,769.00299,769.00298,722.94291,868.70912828YE4UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00376,012.50376,012.50367,253.86359,796.14912828YY0UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.0088,453.1388,453.1385,351.9983,373.013130AJHU6FEDERAL HOME LOAN BANKSAGCY BOND0.000.000.000.000.000.000.000.000.00223,884.00223,884.00216,910.48212,343.103137EAEQ8FEDERAL HOME LOAN MORTGAGECORPAGCY BOND0.000.000.000.000.000.000.000.000.00334,162.50334,162.50332,096.39330,138.25594918AT1MICROSOFT CORPCORP0.000.000.000.000.000.000.000.000.00246,484.45246,484.45237,450.59234,395.71931142EK5WALMART INCCORP0.000.000.000.000.000.000.000.000.00243,666.00243,666.00230,637.68228,932.063137EAER6FEDERAL HOME LOAN MORTGAGECORPAGCY BOND0.000.000.000.00-331,067.10-439.690.000.00-3,878.83334,859.300.00331,915.300.00912828T91UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00114,808.20114,808.20110,459.80109,131.993133ELG81FEDERAL FARM CREDIT BANKSFUNDING CORPAGCY BOND0.000.000.000.000.000.000.000.000.00333,907.90333,907.90330,930.62328,587.86912828T26UNITED STATES TREASURYUS GOV1,581.250.000.000.00-24,730.47-169.040.000.00-665.54263,835.35237,969.14255,189.21227,565.22912828ZC7UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00226,943.75226,943.75216,828.92211,681.363137EAEV7FEDERAL HOME LOAN MORTGAGECORPAGCY BOND0.000.000.000.000.000.000.000.000.00234,760.30234,760.30231,466.96229,103.10Portfolio Activity SummarySan Jacinto, City of (66779)03/01/2022 - 03/31/2022Return to Table of ContentsDated: 04/07/2022183.A.3.aPacket Pg. 99Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Identifier,Description,Security TypeInterest/DividendReceivedTransfers In/OutPurchasesPurchasedAccruedIncomeSalesDisposed AccruedMaturities andRedemptionsPaydownsNet RealizedGain/LossBeginning OriginalCost,Ending Original CostBeginning MarketValue,Ending Market Value3135G05X7FEDERAL NATIONAL MORTGAGEASSOCIATIONAGCY BOND0.000.000.000.000.000.000.000.000.00413,057.80413,057.80396,019.16386,715.14713448FB9PEPSICO INCCORP0.000.000.000.000.000.000.000.000.0084,951.5584,951.5583,117.8383,065.80912828Z52UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00130,966.80130,966.80124,169.88121,269.50912828ZW3UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00253,894.34253,894.34243,265.92237,140.053135G06H1FEDERAL NATIONAL MORTGAGEASSOCIATIONAGCY BOND0.000.000.000.000.000.000.000.000.00319,635.20319,635.20313,622.11310,180.99912828ZT0UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00233,971.88233,971.88224,507.72218,935.64912828ZT0UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00189,094.53189,094.53181,516.88177,011.7991282CAT8UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00188,567.58188,567.58180,232.86175,371.5291282CAZ4UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00204,375.39204,375.39195,086.40189,737.143133EMRZ7FEDERAL FARM CREDIT BANKSFUNDING CORPAGCY BOND0.000.000.000.000.000.000.000.000.00219,920.80219,920.80214,662.32212,360.66912828ZL7UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00154,461.13154,461.13148,927.10145,282.2791282CBC4UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00153,395.51153,395.51147,377.10143,302.3091282CBH3UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00122,236.33122,236.33118,657.25115,327.1391282CBT7UNITED STATES TREASURYUS GOV1,125.000.000.000.000.000.000.000.000.00299,566.41299,566.41288,504.00280,089.90023135BW5AMAZON.COM INCCORP0.000.000.000.000.000.000.000.000.00144,788.30144,788.30141,586.72139,820.7191282CCC3UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00219,510.16219,510.16214,010.06210,435.0691282CCF6UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00219,028.91219,028.91211,165.68204,857.8491282CBR1UNITED STATES TREASURYUS GOV437.500.000.000.000.000.000.000.000.00348,550.78348,550.78341,441.45336,437.5069371RR40PACCAR FINANCIAL CORPCORP0.000.000.000.000.000.000.000.000.0099,946.0099,946.0096,551.5895,543.6891282CBW0UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00235,688.48235,688.48225,801.86219,146.67Portfolio Activity SummarySan Jacinto, City of (66779)03/01/2022 - 03/31/2022Return to Table of ContentsDated: 04/07/2022193.A.3.aPacket Pg. 100Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
* Weighted by: Ending Market Value + Accrued. * Holdings Displayed by: Lot.Identifier,Description,Security TypeInterest/DividendReceivedTransfers In/OutPurchasesPurchasedAccruedIncomeSalesDisposed AccruedMaturities andRedemptionsPaydownsNet RealizedGain/LossBeginning OriginalCost,Ending Original CostBeginning MarketValue,Ending Market Value91282CCP4UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00332,579.10332,579.10319,192.02309,534.6414913R2P1CATERPILLAR FINANCIAL SERVICESCORPCORP537.000.000.000.000.000.000.000.000.00179,755.20179,755.20174,123.53171,693.6689236TJN6TOYOTA MOTOR CREDIT CORPCORP875.000.000.000.000.000.000.000.000.00279,868.40279,868.40270,629.20266,329.123137AXHP1FHMS K-024 A2FHLMC CMO663.840.000.000.000.000.000.00-941.070.00309,301.18308,361.04311,410.90309,579.8191282CCJ8UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00124,804.69124,804.69120,537.13116,894.5091282CBQ3UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00326,520.31326,520.31319,218.48310,071.31912828ZC7UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.0075,647.4675,647.4673,918.9572,164.1091282CAB7UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00170,358.40170,358.40166,701.15162,421.8891282CCZ2UNITED STATES TREASURYUS GOV1,815.630.000.000.000.000.000.000.000.00409,050.59409,050.59399,226.68386,792.8614913R2S5CATERPILLAR FINANCIAL SERVICESCORPCORP0.000.000.000.000.000.000.000.000.00109,982.40109,982.40108,680.68107,228.8391282CDR9UNITED STATES TREASURYUS GOV0.000.000.000.000.000.000.000.000.00481,362.50481,362.50479,164.97472,685.3691282CEC1UNITED STATES TREASURYUS GOV0.000.00335,157.03-187.750.000.000.000.000.000.00335,157.030.00326,520.48437076CM2HOME DEPOT INCCORP0.000.0059,895.000.000.000.000.000.000.000.0059,895.000.0059,952.56---------8,373.37-104.17429,161.81-187.75-419,530.56-608.730.00-941.07-4,544.3711,351,700.5311,355,463.7711,069,940.5510,868,714.63Portfolio Activity SummarySan Jacinto, City of (66779)03/01/2022 - 03/31/2022Return to Table of ContentsDated: 04/07/2022203.A.3.aPacket Pg. 101Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
Additional Disclosure:This information is for the sole purposes of the client and is not intended to provide specific advice or recommendations. Please review the contents of this information carefully. Should you have any questions regarding theinformation presented, calculation methodology, investment portfolio, security detail, or any other facet of this information, please feel free to contact us.Public Trust Advisors, LLC (Public Trust) statements and reports are intended to detail our investment advisory activity as well as the activity of certain client accounts managed by Public Trust. The custodian bank maintainsthe control of assets and executes and settles all investment transactions. The custodian statement is the official record of security and cash holdings transactions. Public Trust recognizes that clients may use these reports tofacilitate record keeping; therefore, it is recommended that the client reconcile this information with their custodian bank statement. Many custodians use a settlement date basis that may result in the need to reconcile due to atiming difference. The underlying market value, amortized cost, and accrued interest may differ between the custodian and this statement or report. This can be attributed to differences in calculation methodologies and pricingsources used.Public Trust does not have the authority to withdraw funds from or deposit funds to the custodian. Our clients retain responsibility for their internal accounting policies, implementing and enforcing internal controls, andgenerating ledger entries or otherwise recording transactions. The total market value represents prices obtained from various sources; it may be impacted by the frequency at which prices are reported, and such prices are notguaranteed. Prices received from pricing vendors are generally based on current market quotes but when such quotes are not available, the pricing vendors use a variety of techniques to estimate value. These estimates,particularly for fixed-income securities, may be based on certain minimum principal amounts (e.g. $1 million) and may not reflect all the factors that affect the value of the security including liquidity risk. The prices provided arenot firm bids or offers. Certain securities may reflect N/A or unavailable where the price for such security is generally not available from a pricing source. The market value of a security, including those priced at par value, maydiffer from its purchase price and may not closely reflect the value at which the security may be sold or purchased based on various market factors. The securities in this investment portfolio, including shares of mutual funds,are not guaranteed or otherwise protected by Public Trust, the FDIC (except for certain non-negotiable certificates of deposit), or any government agency unless specifically stated otherwise.Clients may be permitted to establish one or more unmanaged accounts for the purposes of client reporting. Clients may also be permitted to provide externally managed assets for the purposes of client reporting. Public Trustdefines unmanaged accounts or assets as one where the investment direction remains the sole responsibility of the client rather than the Investment Manager. Unmanaged accounts or external assets do not receive ongoingsupervision and monitoring services. The Investment Manager does not make any investment recommendations and may not charge a fee for reporting on these accounts or assets. The primary purpose for this service is toinclude unmanaged accounts or assets owned by the client in the performance reports provided by the Investment Manager. The Investment Manager assumes no liability for the underlying performance of any unmanagedaccounts or assets, and it is the client’s sole responsibility for the accuracy or correctness of any such performance.Beginning and ending balances are based on market value plus accrued interest on a trade date basis. Statements and reports made available to the end user either from Public Trust or through the online reporting platformmay present information and portfolio analytics using various optional methods including, but not limited to, historical cost, amortized cost, and market value. All information is assumed to be correct, but the accuracy has notbeen confirmed and therefore is not guaranteed to be correct. Information is obtained from third party sources that may or may not be verified. The data in this report is unaudited and is only applicable for the date denoted onthe report. Market values may change day-to-day based on numerous circumstances such as trading volume, news released about the underlying issuer, issuer performance, etc. Underlying market values may be priced vianumerous aspects as certain securities are short term in nature and not readily traded. Performance results are shown net of all fees and expenses and reflect the reinvestment of dividends and other earnings.Many factors affect performance including changes in market conditions and interest rates and in response to other economic, political, or financial developments. Investment involves risk including the possible loss ofprincipal. No assurance can be given that the performance objectives of a given strategy will be achieved. Past performance is no guarantee of future results. Any financial and/or investment decision may incur losses.The investment advisor providing these services is Public Trust Advisors, LLC, an investment adviser registered with the U.S. Securities and Exchange Commission (SEC) under the Investment Advisers Act of 1940, asamended. Registration with the SEC does not imply a certain level of skill or training. Public Trust is required to maintain a written disclosure brochure of our background and business experience. If you would like to receive acopy of our current disclosure brochure, Privacy Policy, or Code of Ethics, or have any questions regarding your account please contact us.Public Trust Advisors717 17th St. Suite 1850Denver, CO 802023.A.3.aPacket Pg. 102Attachment: 2021-22 March Treasurers Report with signature (Treasurer’s Report at March 31, 2022)
May 3, 2022
TO: City Council
REQUESTED BY: Michael Maurer, City Attorney
APPROVED BY: Robert A. Johnson, City Manager
SUBJECT: Second Read of Ordinance No. 22-05
RECOMMENDATION:
Staff recommends that the City Council approve Ordinance No. 22-05, extending for one year
the franchise granted to SCE.
BACKGROUND:
On April 18, 2002, the City of San Jacinto (“City”) approved Ordinance 1096 -20-03 granting to
SCE, its successors and assigns, the franchise to use and to construct and use for transmitting and
distributing electricity for any and all purposes, poles, wires, conduits, and appurtenances,
including communication conduits and circuits, necessary or proper, therefore, in, along, across,
upon, over and under the streets within the City, under and in accordance with the provisions of
the Franchise Act of 1937.
Ordinance 1096-02-03 provides that the franchise shall remain in force and effect for the term of
twenty (20) years from the effective date unless sooner terminated. The franchise is set to expire
on May 18, 2022.
At its regular meeting on April 19, 2021, the City Council introduced and held a first reading of
Ordinance 22-05, as well as adopting an urgency ordinance with the same substance. The
urgency ordinance was adopted to ensure that the SCE franchise would be extended prior to its
expiration and therefore took effect immediately. When the City Council adopts an urgency
ordinance, the City Attorney generally recommends also approving a standard ordinance as a
best practice.
FISCAL IMPACT:
As this extension continues the current service provided by SCE, there is no fiscal impact on the
City.
ATTACHMENTS:
Ordinance No. 22-05
Ordinance No. 1096-02-03
ATTACHMENTS:
San Jacinto - Ordinance Extending SCE Franchise
City of San Jacinto Ord 1096-02-03-c1
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AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF
SAN JACINTO, EXTENDING ORDINANCE 1096-02-03 AND
DETERMINING THE ORDINANCE EXEMPT FROM THE
CALIFORNIA ENVIRONMENTAL QUALITY ACT
WHEREAS, on April 18, 2002, the City of San Jacinto (“City”) approved Ordinance
1096-20-03, granting to Southern California Edison Company (“SCE”), its successors and
assigns, the franchise to use and to construct and use, for transmitting and distributing
electricity for any and all purposes, poles, wires, conduits and appurtenances, including
communication conduits and circuits, necessary or proper therefore, in, along, acros s,
upon, over and under the streets within the City, under and in accordance with the
provisions of the Franchise Act of 1937; and
WHEREAS, Section 3 of Ordinance 1096-02-03 provides that the franchise shall
remain in force and effect for the term of twenty (20) years from the effective date, unless
sooner terminated; and
WHEREAS, Ordinance 1096-02-03 became effective on May 18, 2002, and is
therefore set to expire on May 18, 2022; and
WHEREAS, the City needs additional time to consider and potentially negotiate
new franchise terms; and
WHEREAS, SCE provides an essential service in the City, and in order to ensure
uninterrupted service by SCE while the City negotiates a new franchise, the City desires
to extend the term of Ordinance 1096-02-03 for one (1) year, to expire on May 18, 2023.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SAN JACINTO,
CALIFORNIA DOES ORDAIN AS FOLLOWS:
SECTION 1. Incorporation of Recitals. The above recitals are true and correct
and are incorporated herein by this reference.
SECTION 2. Ordinance 1096 -02-03, granting to Southern California Edison
Company, its successors and assigns, the franchise to use and to construct and use, for
transmitting and distributing electricity for any and all purposes, poles, wires, conduits and
appurtenances, including communication conduits and circuits, necessary or proper
therefore, in, along, across, upon, over and under the streets within the City, under and
in accordance with the provisions of the Franchise Act of 1937, is hereby extended for
one (1) year, to expire on May 18, 2023.
SECTION 3 . Except as expressly ame nded, all other provisions of Ordinance
1096 -02-03 shall remain unchanged. If any section, subsection, sentence, clause,
phrase or word of this Ordinance is for any reason held to be invalid or unconstitutional
STATE OF CALIFORNIA ) ORDINANCE NO. 22-05
COUNTY OF RIVERSIDE )
CITY OF SAN JACINTO )
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by the decision of any 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 adopted this Ordinance, and each and every section,
subsection, sentence, clause, or phrase not declared invalid or unconstitutional
without regard to whether any portion or the Ordinance would be subsequently
declared invalid or unconstitutional.
SECTION 4. Based on the entire record before the City Council, and all written
and oral evidence presented to the City Council, the City Council hereby finds that
adoption and implementation of this Ordinance is not a “project” for purposes of the
California Environmental Quality Act (CEQA), as that term is defined by CE QA
guidelines (Guidelines) sections 15061(b)(3), and 15378(b)(5). The effect of the
proposed extension will be to maintain the status quo. No new development will result
from the proposed action. No impact to the physical environment will result. The City
Council also alternatively finds that the adoption and implementation of this Ordinance
is exempt from the provisions of CEQA as an administrative activity by the City that will
not result in any direct or indirect physical change in the environment, per sections
15061(b)(3), and 153 78(b)(5) of the CEQA Guidelines.
SECTION 5 . This Ordinance shall take effect thirty (30) days after the date
of its adoption, and prior to the expiration of the fifteen (15) days from the passage
thereof, the Ordinance or a summary of the Ordinance shall be published at least
once in the Press Ente rprise, a newspaper published and circulated in the City of San
Jacinto, and thereupon and thereafter this ordinance shall take effect and be in force
according to law.
INTRODUCED at a regular meeting of the City Council of the City of San Jacinto
held on April 19, 2022, and PASSED, APPROVED AND ADOPTED this 3rd day of May,
2022, by the following vote:
AYES:
NAYS:
ABSENT:
ABSTAIN:
CITY OF SAN JACINTO
____________________________
Crystal Ruiz, Mayor
ATTEST:
__________________________________
Julia Espinoza , Deputy C ity Clerk
•
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APPROVED AS TO FORM:
BEST BEST & KRIEGER LLP
________________________
Michael J. Maurer, City Attorney
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CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE) SS
CITY OF SAN JACINTO )
I, Julia Espinoza, Deputy City Clerk of the City of San Jacinto, California, do hereby
certify that the foregoing Ordinance No. 22-05 was introduced at a regular meeting of the
City Council of the City of Jacinto on the 19th day of April 2022. Ordinance No. 22-05 was
passed, approved, and adopted by the City Council of the City of San Jacinto, California,
at a regular meeting of the City Council held on the 3rd day of May, 2022:
AYES:
NAYS:
ABSENT:
ABSTAINED:
WITNESS MY HAND AND SEAL THE 3rd day of May 2022.
________________________________
Julia Espinoza, Deputy City Clerk
City of San Jacinto
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May 3, 2022
TO: City Council
REQUESTED BY: Stuart McKibbin, City Engineer
APPROVED BY: Robert A. Johnson, City Manager
SUBJECT: Subdivision Agreement DR Horton Tract 30379
RECOMMENDATION:
Staff recommends that the City Council approve the Subdivision Imp rovement Agreement for
DR Horton Los Angeles Holding Company (“Developer”) specific to Tract 30379 in
substantially the form set forth in the accompanying agreements, and authorize the City Manager
to execute any other documents necessary to implement said agreements.
DISCUSSION:
On May 19, 2005, the San Jacinto City Council approved an application of tentative tract map
30379 (the "Tract"). The map was reviewed by the City's Contract Engineer and presented to the
San Jacinto City Council, at a special meeting on April 7, 2022, for final approval, and
recordation. The Tract represents an approximately 48-acre residential project consisting of 192
single-family lots.
As per Sections 13.1 and 13.2 of the agreements, the developer shall provide the City with
security bonds in the amount based on the Engineer's approximation of the actual cost to
construct the applicable public improvements. California Subdivision Map Act (Gov. Code §§
66410 et seq.) permits various forms of security. In this case, the Developer has opted to place
traditional bonds as a form of security.
Pursuant to Chapter 16.24 of the San Jacinto Municipal Code and the applicable provisions of
the Subdivision Map Act, the Developer and City shall enter into these Agreements for the
timely construction and completion of the public improvements, and the furnishing of the
security; therefore, acceptable to the City Engineer and City Attorney, for Tract 30379.
The Developer's execution of this Agreement and the provision of the security are made in
consideration of the City's approval of the final map for Tract 30379.
FISCAL IMPACT:
All costs associated with the completion of improvements are the responsibility of the developer.
ATTACHMENTS:
Subdivision Agreement w-Bonds Tract 30379
3.A.5
Packet Pg. 121
3.A.5.aPacket Pg. 122Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 123Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 124Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 125Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 126Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 127Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 128Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 129Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 130Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 131Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 132Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 133Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 134Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 135Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 136Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 137Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 138Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 139Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 140Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 141Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 142Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 143Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 144Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 145Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 146Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 147Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 148Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 149Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 150Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 151Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 152Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 153Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 154Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 155Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 156Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 157Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
3.A.5.aPacket Pg. 158Attachment: Subdivision Agreement w-Bonds Tract 30379 (Subdivision Agreement DR Horton Tract 30379)
May 3, 2022
TO: City Council
REQUESTED BY: Stuart McKibbin, City Engineer
APPROVED BY: Robert A. Johnson, City Manager
SUBJECT: Subdivision Agreement DR Horton Tract 32582
RECOMMENDATION:
Staff recommends that the City Council approve the Subdivision Imp rovement Agreement for
DR Horton Los Angeles Holding Company (“Developer”) specific to Tract 32582 in
substantially the form set forth in the accompanying agreements, and authorize the City Manager
to execute any other documents necessary to implement said agreements.
DISCUSSION:
On December 12, 2002, the San Jacinto Planning Commission approved an application of
tentative tract map 32582 (the "Tract"). The map was reviewed by the City's Contract Engineer
and presented to the San Jacinto City Council, at a special meeting on April 7, 2022, for final
approval and recordation. The Tract represents approximately a 46-acre residential project
consisting of 177 single-family lots.
As per Sections 13.1 and 13.2 of the agreements, the Developer shall provide the City with
security bonds in the amount based on the Engineer's approximation of the actual cost to
construct the applicable public improvements. California Subdivision Map Act (Gov. Code §§
66410 et seq.) permits various forms of security. In this case, the Developer has opted to place
traditional bonds as a form of security.
Pursuant to Chapter 16.24 of the San Jacinto Municipal Code and the applicable provisions of
the Subdivision Map Act, the Developer and City shall enter into these Agreements for the
timely construction and completion of the public improvements, and the furnishing of the
security; therefore, acceptable to the City Engineer and City Attorney, for Tract 32582.
The Developer's execution of this Agreement and the provision of the security are made in
consideration of the City's approval of the final map for Tract 32582.
FISCAL IMPACT:
All costs associated with the completion of improvements are the responsibility of the developer.
ATTACHMENTS:
Subdivision Agreement w-Bonds Tract 32582
3.A.6
Packet Pg. 159
24438.J0000\32065804.2
RECORDING REQUESTED BY:
WHEN RECORDED RETURN TO:
CITY OF SAN JACINTO
595 S. San Jacinto Ave., Bldg. B
San Jacinto, CA 92583
ATTN: City Clerk
SPACE ABOVE THIS LINE FOR RECORDER'S USE
Exempt from recording fee, per Government Code
Section 6103
CITY OF SAN JACINTO, CALIFORNIA
By: ________________________________________
City Clerk
AGREEMENT FOR COMPLETION OF PUBLIC IMPROVEMENTS
PARCEL/TRACT NO. 32582
between
THE CITY OF SAN JACINTO
a California municipal corporation
and
D.R. Horton Los Angeles Holding Company Inc.
a California corporation
3.A.6.a
Packet Pg. 160 Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
SUBDIVISION IMPROVEMENT AGREEMENT
(Updated: 2019)
24438.J0000\32065804.2
1
AGREEMENT FOR COMPLETION OF PUBLIC IMPROVEMENTS
PARCEL/TRACT NO. 32582
I. PARTIES AND DATE.
This Agreement for the Completion of Public Improvements (“Agreement”) is entered into
as of this 3rd day of May 2022, by and between the City of San Jacinto, a California municipal
corporation (“City”) and D.R. Horton Los Angeles Holding Company, a California Corporation
with its principal office located at 2280 Wardlow Circle, Ste. 100, Corona CA 92880
(“Developer”). City and Developer are sometimes hereinafter individually referred to as “Party”
and hereinafter collectively referred to as the “Parties.”
II. RECITALS.
A. Developer submitted to the City an application for approval of a tentative Tract map
for real property located within City limits, a legal description of which is attached hereto as
Exhibit “A” (“Property”).
B. On December 12, 2002, the San Jacinto Planning Commission conditionally
approved the application for tentative tract map 32582 (the “Tract”). On April 7, 2022, the San
Jacinto City Council approved the final map for recordation.
C. Developer has not completed all of the work or made all of the public improvements
required by San Jacinto’s Municipal Code Section 16.24, the Subdivision Map Act (Government
Code sections 66410 et seq.) (“Map Act”), the conditions of approval for the Tract, or other
ordinances, resolutions, or policies of City requiring construction of improvements in conjunction
with the subdivision of land.
D. Pursuant to San Jacinto Municipal Code Section 16.24.010 (B) and the applicable
provisions of the Map Act, Developer and City enter into this Agreement for the timely
construction and completion of the public improvements and the furnishing of the security
therefor, acceptable to the City Engineer and City Attorney, for the Tract.
E. Developer’s execution of this Agreement and the provision of the security are made
in consideration of City’s approval of the final map for the Tract.
3.A.6.a
Packet Pg. 161 Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
SUBDIVISION IMPROVEMENT AGREEMENT
(Updated: 2019)
24438.J0000\32065804.2
2
III. TERMS.
1.0 Effectiveness. This Agreement shall not be effective unless and until all four of the
following conditions are satisfied:
(a) Developer provides City with security of the type and in the amounts
required by this Agreement.
(b) Developer executes and records this Agreement in the Recorder’s Office of
the County of Riverside;
(c) the City Council of the City (“City Council”) approves the final map for the
Tract; and
(d) Developer records the final map in the Recorder’s Office of the County of
Riverside. If the above described conditions are not satisfied, this Agreement shall automatically
terminate without need of further action by either City or Developer, and Developer may not
thereafter record the final map for the Tract.
2.0 Public Improvements. Developer shall construct or have constructed at its own
cost, expense, and liability all improvements required by City as part of the approval of the Tract,
including, but not limited to, all grading, roads, paving, curbs and gutters, pathways, storm drains,
sanitary sewers, utilities, drainage facilities, traffic controls, landscaping, street lights, and all other
required facilities as shown in detail on the plans, profiles, and specifications which have been
prepared by or on behalf of Developer for the Tract (“Public Improvements”). The Public
Improvements are more specifically described in Exhibit “B”, which is attached hereto and
incorporated herein by this reference. Construction of the Public Improvements shall include any
transitions and/or other incidental work deemed necessary for drainage or public safety. The
Developer shall be responsible for the replacement, relocation, or removal of any component of
any irrigation water system in conflict with the construction or installation of the Public
Improvements. Such replacement, relocation, or removal shall be performed to the complete
satisfaction of the City Engineer and the owner of such water system. Developer further promises
and agrees to provide all equipment, tools, materials, labor, tests, design work, and engineering
services necessary or required by City to fully and adequately complete the Public Improvements.
2.1 Prior Partial Construction of Public Improvements. Where construction of
any Public Improvements has been partially completed prior to this Agreement, Developer agrees
to complete such Public Improvements or assure their completion in accordance with this
Agreement.
2.2 Permits; Notices; Utility Statements. Prior to commencing any work,
Developer shall, at its sole cost, expense, and liability, obtain all necessary permits and licenses
and give all necessary and incidental notices required for the lawful construction of the Public
3.A.6.a
Packet Pg. 162 Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 163Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 164Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 165Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 166Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 167Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 168Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 169Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 170Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 171Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 172Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 173Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 174Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 175Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 176Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 177Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 178Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 179Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 180Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 181Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 182Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 183Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 184Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 185Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 186Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 187Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 188Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 189Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 190Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 191Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 192Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 193Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 194Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
3.A.6.aPacket Pg. 195Attachment: Subdivision Agreement w-Bonds Tract 32582 (Subdivision Agreement DR Horton Tract 32582)
May 3, 2022
TO: City Council
REQUESTED BY: Stuart McKibbin, City Engineer
APPROVED BY: Robert A. Johnson, City Manager
SUBJECT: SB-1 Resolution No. 3912, Adopting Fiscal Year 2022-23 Road
Maintenance & Resolution Account
RECOMMENDATION:
Staff recommends: 1) Adopt Resolution No. 3912, approving the list of projects utilizing SB-1
Road Maintenance and Rehabilitation Account (RMRA) funding for Fiscal Year 2022/23.
DISCUSSION:
On April 28, 2017, the Governor signed Senate Bill 1 (SB-1), the Road Repair and
Accountability Act of 2017, to address transportation funding shortfalls statewide, establishing
the Road Maintenance and Rehabilitation Account in the State Transportation Fund.
As part of the SB-1, the Road Repair, and Accountability Act, local agencies are required to
provide Caltrans and the California Transportation Commission with a listing of proposed
projects planned for the upcoming fiscal year. The listing of projects must include a project
description, location/project limits, schedule, and estimated useful life, and must be adopted
through a resolution approved by the City Council at a public meeting.
The forecasted SB-1 RMRA funding for Fiscal Year 2022/23 (6th year of SB-1 funding), as of
January 2022, for San Jacinto is $1,168,660. Based on this funding forecast, the Engineering
Department has prepared the attached Resolution No. 3912 that reflects the City’s top priorities
and/or planned improvements included in the five-year Capital Improvement Program. The
projects proposed for FY 2022/23 comply with the SB-1 mandate that state pavement
rehabilitation must be prioritized until the local agency can bring up the pavement condition to a
state of good condition of 71-100.
According to the California Statewide Local Streets and Roads Needs Assessment 2020, the City
of San Jacinto pavement condition is at higher risk (50-60).
The local agencies are also required to provide a status report on the prior year projects adopted
by the City Council by December 1 of each year. The Engineering Depart ment is responsible for
complying with all the reporting requirements and will submit the status report for FY 2021/22
by December 1, 2022.
Based on the SB-1 requirements, the City Engineering Department has prepared the SB-1
RMRA Resolution 3912, recommending the following projects for implementation in Fiscal
Year 2022/23:
3.A.7
Packet Pg. 196
Project Title: Ramona Expressway Rehabilitation (CIP # 21-001)
Project Description: Pavement Rehabilitation
Project Location: East Bound Ramona Expressway, Warren Road to 2000 feet east of Warren Road
Estimated Project Schedule: Construction anticipated June 2023, Completion by September 2023
Estimated Project Useful Life: 10 years
Projects carried over from Fiscal Year 2021/22 to Fiscal Year 2023/23:
Project Title: Mountain Avenue Rehabilitation (CIP # 12-008)
Project Description: Pavement Rehabilitation
Project Location: Mountain Avenue, from Seventh Street to Esplanade Avenue
Estimated Project Schedule: Start, August 2022 – Completion, December 2022
Estimated Project Useful Life: 10 years
Project Title: San Jacinto Street Pavement and Sidewalk Improvement Project (CIP # 21-006,
formerly known as Artesia Avenue Pavement Rehabilitation & Sidewalk Improvements)
Project Description: Pavement Rehabilitation and Sidewalk Improvements
Project Location: Artesia Avenue, from Camino Los Banos to N. Jordan Avenue
Estimated Project Schedule: Construction start May 2022; completion by December 2022
Estimated Project Useful Life: 10 years
Project Title: Pavement Management System (CIP # CP-004)
Project Description: Creation of the City’s Pavement Management System
Project Location: Citywide
Estimated Project Schedule: December 2022
Estimated Project Useful Life: On-going updates after pavement management completion
FISCAL IMPACT:
There is no fiscal impact at this time.
ATTACHMENTS:
SB-1 RMRA FY 2022-23 Resolution No. 3912
3.A.7
Packet Pg. 197
Resolution No. 3912
Page 1 of 5
STATE OF CALIFORNIA ) RESOLUTION NO. 3912
COUNTY OF RIVERSIDE ) ss
CITY OF SAN JACINTO )
RESOLUTION ADOPTING A LIST OF PROJECTS FOR
FISCAL YEAR 2022-23 FUNDED BY SB 1: THE ROAD
REPAIR AND ACCOUNTABILITY ACT OF 2017
WHEREAS, Senate Bill 1 (SB 1), the Road Repair and Accountability Act of 2017
(Chapter 5, Statutes of 2017), was passed by the Legislature and Signed into law by the
Governor in April 2017 to address the significant multi-modal transportation funding
shortfalls statewide; and
WHEREAS, SB 1 includes accountability and transparency provisions that will
ensure the residents of the City of San Jacinto are aware of the projects proposed for
funding in our community and which projects have been completed each fiscal year;
and
WHEREAS, the City Council of the City of San Jacinto must adopt by resolution
a list of projects proposed to receive fiscal year funding from the Road Maintenance and
Rehabilitation Account (RMRA), created by SB 1, which must include a description and
the location of each proposed project, a proposed schedule for the project’s completion,
and the estimated useful life of the improvement; and
WHEREAS, the City of San Jacinto, will receive an estimated $1,168,660 in
RMRA funding in Fiscal Year 2022-23 from SB 1; and
WHEREAS, this is the sixth year in which the City of San Jacinto is receiving SB
1 funding and will enable the City of San Jacinto to continue essential road maintenance
and rehabilitation projects, safety improvements, repairing and replacing aging bridges,
and increasing access and mobility options for the traveling public that would not have
otherwise been possible without SB 1; and
WHEREAS, the City of San Jacinto has undergone a robust public process to
ensure public input into our community’s transportation priorities/the project list; and
WHEREAS, the City of San Jacinto used a Pavement Management System to
develop the SB 1 project list to ensure revenues are being used on the most high -
priority and cost-effective projects that also meet the communities’ priorities for
transportation investment; and
3.A.7.a
Packet Pg. 198 Attachment: SB-1 RMRA FY 2022-23 Resolution No. 3912 (SB-1 Resolution No. 3912, Adopting Fiscal Year 2022-23 Road Maintenance &
Resolution No. 3912
Page 2 of 5
WHEREAS, the funding from SB 1 will help the City of San Jacinto maintain and
rehabilitate high priority corridors and local roads throughout the City of San Jacinto in
FY 2022/23 and additional similar projects into the future; and
WHEREAS, the 2020 California Statewide Local Streets and Roads Needs
Assessment found that the City of San Jacinto streets and roads are “at high risk”
condition (Pavement Condition Index 50-60), and the SB1 RMRA revenues will help the
City improve the overall condition of the City’s roadway system, likely bringing the local
roadway system to a state of good condition (Pavement Condition Index 71-100) over
the next decade; and
WHEREAS, the SB 1 project list and overall investment in our local streets and
roads infrastructure focus on basic maintenance and safety, investing in complete
streets infrastructure, and using cutting-edge technology, materials and practices, when
feasible, will have a significant positive impacts locally, regionally, and statewide.
NOW, THEREFORE IT IS HEREBY RESOLVED, ORDERED AND FOUND by the San
Jacinto City Council, State of California, as follows:
Section 1. The foregoing recitals are true and correct.
Section 2. The following list of newly proposed projects will be funded in-part or
solely with Fiscal Year 2022-23 Road Maintenance and Rehabilitation Account
revenues:
Project Title: Ramona Expressway Rehabilitation (CIP # 21-001)
Project Description: Pavement Rehabilitation
Project Location: East Bound Ramona Expressway, Warren Road to
2000 feet East of Warren Road
Estimated Project Schedule: Construction anticipated June 2023
Completion by September 2023
Estimate Project Useful Life: 10 years
Section 3. The following previously proposed and adopted projects may also
utilize Fiscal Year 2022-23 Road Maintenance and Rehabilitation Account
revenues in their delivery. With the relisting of these projects in the adopted fiscal
year resolution, the City of San Jacinto is reaffirming to the public and the State
our intent to fund these projects with Road Maintenance and Rehabilitation
Account revenues:
3.A.7.a
Packet Pg. 199 Attachment: SB-1 RMRA FY 2022-23 Resolution No. 3912 (SB-1 Resolution No. 3912, Adopting Fiscal Year 2022-23 Road Maintenance &
Resolution No. 3912
Page 3 of 5
Project Title: Mountain Avenue Rehabilitation (CIP #12 -008)
Project Description: Pavement Rehabilitation
Project Location: Mountain Avenue from Seventh St. to
Esplanade Ave.
Estimate Project Schedule: Start, August 2022 –
Completion, December 2022
Estimated Project Useful Life: 10 years
Project Title: San Jacinto Street Pavement and Sidewalk
Improvement Project (CIP # 21-006 formerly known as
Artesia Avenue Pavement Rehabilitation & Sidewalk
Improvements)
Project Description: Pavement Rehabilitation and Sidewalk
Improvements
Project Location: Artesia Avenue from Camino Los Baños to
N. Jordan Ave.
Estimated Project Schedule: Construction start May 2022;
completion by December 2022.
Estimated Project Useful Life: 10 years
Project Title: Pavement Management System (CIP # CP-004)
Project Description: Creation of the City’s Pavement
Management System
Project Location: Citywide
Estimated Project Schedule: December 2022
Estimated Project Useful Life: On-going updates after
pavement management completion
3.A.7.a
Packet Pg. 200 Attachment: SB-1 RMRA FY 2022-23 Resolution No. 3912 (SB-1 Resolution No. 3912, Adopting Fiscal Year 2022-23 Road Maintenance &
Resolution No. 3912
Page 4 of 5
PASSED, APPROVED AND ADOPTED this 3rd day of May, 2022.
AYES:
NAYS:
ABSENT:
ABSTAIN:
CITY OF SAN JACINTO
_______________________________
Crystal Ruiz, Mayor
ATTEST:
__________________________
Julia Espinoza, Deputy City Clerk
APPROVED AS TO FORM:
BEST, BEST & KRIEGER LLP
__________________________________
Michael J. Maurer, City Attorney
3.A.7.a
Packet Pg. 201 Attachment: SB-1 RMRA FY 2022-23 Resolution No. 3912 (SB-1 Resolution No. 3912, Adopting Fiscal Year 2022-23 Road Maintenance &
Resolution No. 3912
Page 5 of 5
CERTIFICATION
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF SAN JACINTO )
I, Julia Espinoza, Deputy City Clerk of the City of San Jacinto , do hereby certify
that the foregoing resolution is the actual resolution duly and regularly adopted by the City
Council at a regular meeting on the 3rd day of May, 2022, by the following vote:
AYES:
NAYS:
ABSENT:
ABSTAIN:
WITNESS MY HAND AND OFFICIAL SEAL this 3rd day of May 2022.
_____________________________
Julia Espinoza, Deputy City Clerk
3.A.7.a
Packet Pg. 202 Attachment: SB-1 RMRA FY 2022-23 Resolution No. 3912 (SB-1 Resolution No. 3912, Adopting Fiscal Year 2022-23 Road Maintenance &
May 3, 2022
TO: City Council
REQUESTED BY: Erika Gomez, Finance Director
APPROVED BY: Robert A. Johnson, City Manager
SUBJECT: Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal
Year Ended June 30, 2021
RECOMMENDATION:
Staff recommends that the City Council receive and file the Annual Financial Report of the City
of San Jacinto for the fiscal year ended June 30, 2021, as well as the “SAS 114” Report, and the
“GAS” Report.
BACKGROUND:
An audit of financial transactions and internal controls is both legally required and mandated
under bond covenants. Audit activities were conducted by the firm Rogers, Anderson, Malody
& Scott, LLP (RAMS) at various times beginning in July 2021. Finance staff received a draft of
the report in March 2022, performed a review of the report, and completed the Management’s
Discussion and Analysis (MD&A) in April 2022.
DISCUSSION:
RAMS has rendered an unqualified opinion that the general purpose financial statements, present
fairly, in all material respects, the financial position of the City of San Jacinto at June 30, 2021,
and the changes in financial position for the year then ended in conformity with accounting
principles generally accepted in the United States of America.
RAMS is also required, by professional standards, to provide certain information regarding the
audit process and its responsibilities under generally accepted auditing standards and
Government Auditing Standards. The attached “SAS 114” report communicates this
information.
RAMS is also required, by professional standards, to provide a report on internal control over
financial reporting and on compliance, and other matters based on an audit of financial
statements performed in accordance with Government Auditing Standards. Accordingly, the
“GAS” report is also presented.
Once received and filed, a copy of the Annual Financial Report will be available for download
on the City’s website.
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Staff recommends that the City Council receive and file the Annual Financial Report of the City
of San Jacinto for the fiscal year ended June 30, 2021, as well as the “SAS 114” Report, and the
“GAS” Report.
FISCAL IMPACT:
This action has no fiscal impact.
ATTACHMENTS:
2021 Financial Statements
SAS 114
GAS Report
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City of San Jacinto, California
ANNUAL FINANCIAL REPORT
FOR THE YEAR ENDED JUNE 30, 2021
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City of San Jacinto
Annual Financial Report
For the Year Ended June 30, 2021
Table of Contents
PAGE
Independent Auditor's Report 1
Management's Discussion and Analysis 4
Basic Financial Statements
Government-Wide Financial Statements
Statement of Net Position 13
Statement of Activities 14
Fund Financial Statements
Governmental Funds
Balance Sheet 16
Reconciliation of the Balance Sheet of Governmental Funds to the
Statement of Net Position 18
Statement of Revenues, Expenditures and Changes in Fund Balances 19
Reconciliation of the Statement of Revenues, Expenditures and Changes
in Fund Balances of Governmental Funds to the Statement of Activities 21
Proprietary Funds
Statement of Net Position 22
Statement of Revenues, Expenses and Changes in Net Position 24
Statement of Cash Flows 26
Fiduciary Funds
Statement of Fiduciary Net Position 30
Statement of Changes in Fiduciary Net Position 31
Notes to the Basic Financial Statements 32
Required Supplementary Information
Budgetary Comparison Schedule
General Fund 71
Community Facilities District 2003 Fund
Successor Housing Authority
LLPD #2 Fund
Assessment District 2003-01 Fund
Schedule of the City’s Proportionate Share of the Plan’s
Net Pension Liability and Related Ratios as of the
Measurement Date - Last 10 Years
Schedule of Plan Contributions - Last 10 Years
72
73
74
75
76
77
Non-Major Governmental Funds
Combining Balance Sheet - Non-major funds
Combining Statement of Revenues, Expenditures, and Changes in Fund
Balances - Non-major funds
78
86
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Independent Auditor’s Report
To the Honorable Mayor and Members of the City Council
of the City of San Jacinto
San Jacinto, California
Report on the Audit of the Financial Statements
Opinions
We have audited the financial statements of the governmental
activities, the business-type activities, each major fund, and the
aggregate remaining fund information of the City of San Jacinto,
California (the City), as of and for the year ended June 30, 2021, and
the related notes to the financial statements, which collectively
comprise the City’s basic financial statements as listed in the table of
contents.
In our opinion, the accompanying financial statements present fairly,
in all material respects, the respective financial position of the
governmental activities, the business-type activities, each major fund,
and the aggregate remaining fund information of the City, as of June
30, 2021, and the respective changes in financial position and, where
applicable, cash flows thereof for the year then ended in accordance
with accounting principles generally accepted in the United States of
America.
Basis for Opinions
We conducted our audit in accordance with auditing standards
generally accepted in the United States of America (GAAS) and the
standards applicable to financial audits contained in Government
Auditing Standards, issued by the Comptroller General of the United
States. Our responsibilities under those standards are further
described in the Auditor’s Responsibilities for the Audit of the
Financial Statements section of our report. We are required to be
independent of the City and to meet our other ethical responsibilities,
in accordance with the relevant ethical requirements relating to our
audit. We believe that the audit evidence we have obtained is
sufficient and appropriate to provide a basis for our audit opinions.
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Responsibilities of Management for the Financial Statements
The City’s management is responsible for the preparation and fair presentation of the financial
statements in accordance with accounting principles generally accepted in the United States of
America, and for the design, implementation, and maintenance of internal control relevant to the
preparation and fair presentation of financial statements that are free from material misstatement,
whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are
conditions or events, considered in the aggregate, that raise substantial doubt about the City’s
ability to continue as a going concern for twelve months beyond the financial statement date,
including any currently known information that may raise substantial doubt shortly thereafter.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a
whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s
report that includes our opinions. Reasonable assurance is a high level of assurance but is not
absolute assurance and therefore is not a guarantee that an audit conducted in accordance with
GAAS will always detect a material misstatement when it exists. The risk of not detecting a material
misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve
collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Misstatements are considered material if there is a substantial likelihood that, individually or in the
aggregate, they would influence the judgment made by a reasonable user based on the financial
statements.
In performing an audit in accordance with GAAS, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether
due to fraud or error, and design and perform audit procedures responsive to those risks.
Such procedures include examining, on a test basis, evidence regarding the amounts and
disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing
an opinion on the effectiveness of the City’s internal control. Accordingly, no such opinion is
expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of
significant accounting estimates made by management, as well as evaluate the overall
presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the
aggregate, that raise substantial doubt about the City’s ability to continue as a going
concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other
matters, the planned scope and timing of the audit, significant audit findings, and certain internal
control–related matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the required
supplementary information, such as management’s discussion and analysis and those schedules
as listed in the table of contents be presented to supplement the basic financial statements. Such
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information is the responsibility of management and, although not a part of the basic financial
statements, is required by the Governmental Accounting Standards Board who considers it to be
an essential part of financial reporting for placing the basic financial statements in an appropriate
operational, economic, or historical context. We have applied certain limited procedures to the
required supplementary information in accordance with auditing standards generally accepted in
the United States of America, which consisted of inquiries of management about the methods of
preparing the information and comparing the information for consistency with management’s
responses to our inquiries, the basic financial statements, and other knowledge we obtained during
our audit of the basic financial statements. We do not express an opinion or provide any assurance
on the information because the limited procedures do not provide us with sufficient evidence to
express an opinion or provide any assurance.
Supplementary Information
Our audit was conducted for the purpose of forming opinions on the financial statements that
collectively comprise the City’s basic financial statements. The supplementary information as listed
in the table of contents are presented for purposes of additional analysis and are not a required
part of the basic financial statements.
The supplementary information is the responsibility of management and was derived from and
relates directly to the underlying accounting and other records used to prepare the basic financial
statements. Such information has been subjected to the auditing procedures applied in the audit of
the basic financial statements and certain additional procedures, including comparing and
reconciling such information directly to the underlying accounting and other records used to
prepare the basic financial statements or to the basic financial statements themselves, and other
additional procedures in accordance with auditing standards generally accepted in the United
States of America. In our opinion, the supplementary information is fairly stated, in all material
respects, in relation to the basic financial statements as a whole.
Emphasis of Matter
As discussed in Note 1 to the financial statements, the City adopted the provisions of
Governmental Accounting Standards Board Statement No. 84, Fiduciary Activities. Our opinion is
not modified with respect to this matter.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated April 28,
2022 on our consideration of the City’s internal control over financial reporting and on our tests of
its compliance with certain provisions of laws, regulations, contracts, and grant agreements and
other matters. The purpose of that report is solely to describe the scope of our testing of internal
control over financial reporting and compliance and the results of that testing, and not to provide an
opinion on the effectiveness of internal control over financial reporting or on compliance. That
report is an integral part of an audit performed in accordance with Government Auditing Standards
in considering the City’s internal control over financial reporting and compliance.
San Bernardino, California
April 28, 2022
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Management Discussion and Analysis
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CITY OF SAN JACINTO
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2021
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As management of the City of San Jacinto, we offer readers of the City of San Jacinto’s financial statements this
narrative overview and analysis of the financial activities of the City for the fiscal year ending June 30, 2021. We
encourage readers to consider the information presented here in conjunction with the City’s financial statements,
which follow this discussion.
FINANCIAL HIGHLIGHTS
Total assets and deferred outflows of resources of the City exceeded its liabilities and deferred inflows of
resources at the close of the most recent fiscal year by $148,785,902 (net position). Of this amount,
$12,372,246 represents unrestricted net position, which may be used to meet the government’s ongoing
obligations to citizens and creditors.
The City’s total net position increased by $2,417,263 from the prior fiscal year mainly due to increased
program expenses and decreased revenues due to COVID-19 related factors.
At the close of the current fiscal year, the City’s governmental funds reported combined fund balances of
$37,851,919, an increase of $2,624,427 in comparison with the prior year. Approximately 21.14 percent of
this amount ($8,000,623) is available for spending at the government’s discretion (unassigned fund
balance).
At the end of the current fiscal year, unrestricted fund balance (the total of the unassigned components of
fund balance) for the General Fund was $10,602,712, or approximately 49.71 percent of total general fund
expenditures.
OVERVIEW OF THE FINANCIAL STATEMENTS
This annual report consists of four parts – Management’s Discussion and Analysis (this portion), the basic financial
statements, Required Supplementary Information, and optional combining statements for non-major governmental
funds. The basic financial statements include two kinds of statements that present different views of the City.
The government-wide financial statements provide both long-term and short-term information about the
City’s overall financial status, in a manner similar to private sector business.
Fund financial statements focus on individual parts of the City, reporting the City’s operations in more detail
than the government-wide financial statements.
Governmental fund statements tell how general government services, such as community
development, were financed in the short-term as well as what remains for future spending.
Proprietary fund statements offer short-term and long-term financial information about the activities the
City operates like businesses, such as utility services.
Fiduciary fund statements provide information about financial relationships in which the City acts solely
as a trustee or agent for the benefit of others, to whom the resources belong.
DetailSummary
Required
Supplementary
Information
Notes
to the
Government-wide Fund
Financial
Components of the Financial Section
Statements
Financial
Statements Statements Financial
Financial
Analysis
Basic
Statements
Management's
Discussion
and
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CITY OF SAN JACINTO
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2021
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The financial statements also include notes that explain some of the information in the financial statements and
provide more detailed data. The statements are followed by a comparison of actual results with the original and
final amended budget for the general fund and each major special revenue fund with an annually adopted budget.
In addition to these required elements, we have included combining statements that provide details about our non-
major governmental funds, which are presented in total in a column in the basic financial statements.
Government-wide Financial Statements
The government-wide statements report information about the City as a whole using accounting methods similar to
those used by private-sector companies. The statement of net position includes all of the City’s assets and liabilities.
All current year revenues and expenses are reported in the statement of activities regardless of when cash is
received or paid.
The two government-wide statements report the City’s net position and how they have changed during the fiscal
year. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial
health of the City is improving or deteriorating.
The government-wide financial statements of the City are divided as follows:
Governmental activities – All of the City’s basic services are included here, such as police, fire, engineering,
streets, parks and recreation, history preservation, community development, redevelopment and general
government. Taxes and state and federal grants finance most of these activities.
Business-type activities – The City’s utility services provided are funded by customer fees.
Fund Financial Statements
A fund is a group of related accounts that is used to maintain control over resources that have been segregated for
specific activities or objectives. Fund financial statements provide more detailed information about the City’s largest
funds, not the City as a whole.
The City has three types of funds:
Governmental funds – All of the City’s basic services are included in governmental funds, which focus on
(1) short-term inflows and outflows of spendable resources, and (2) the remaining year-end balances
available for spending. Because this information does not encompass the additional long-term focus of the
government-wide statements, reconciliations that explain the relationship (or differences) between
governmental funds and governmental activities follow each of the governmental funds statements.
Proprietary funds – Services for which customer fees are intended to finance the costs of operations are
generally reported in proprietary funds. Proprietary funds financial statements, like the government-wide
statements, provide both long-term and short-term financial information.
Enterprise funds are used to report the same functions presented as business-type activities in the
government-wide financial statements.
Internal service funds report activities that provide services for the City’s other programs and activities,
such as the City’s self-insurance arrangements.
Fiduciary funds – The City is the trustee for certain assessment and community facilities district funds. It is
also responsible for other trust account assets, which because of trust agreements, can be used only for
the trust beneficiaries. The City is responsible for ensuring that the assets reported in these funds are used
for their intended purposes. All of the City’s fiduciary activities are reported in a separate statement of
fiduciary net position. We exclude these activities from the City’s government-wide financial statements
because the City cannot use these assets to finance its operations.
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CITY OF SAN JACINTO
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2021
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FINANCIAL ANALYSIS OF THE GOVERNMENT-WIDE STATEMENTS
The government-wide financial statements provide long-term and short-term information about the City’s overall
financial condition. This analysis addresses the financial statements of the City as a whole.
City of San Jacinto
Government-wide Financial Statements - Summary of Net Position
As of June 30, 2021 and 2020
(in thousands)
2021 2020 2021 2020 2021 2020
Cash and investments, unrestricted 43,845$ 37,826$ 5,836$ 4,898$ 49,681$ 42,724$ 16.3%
Current and other assets 11,875 8,222 3,273 3,254 15,148 11,476 32.0%
Capital assets, net 104,263 104,987 12,170 13,152 116,433 118,139 -1.4%
Total assets 159,983 151,035 21,279 21,304 181,262 172,339 5.2%
Deferred outflows of resources 2,383 2,441 576 619 2,959 3,060 -3.3%
Long-term liabilities 4,053 4,483 3,917 4,302 7,970 8,785 -9.3%
Other liabilities 22,895 15,067 4,031 4,087 26,926 19,154 40.6%
Total liabilities 26,948 19,550 7,948 8,389 34,896 27,939 24.9%
Deferred Inflows of Resources 496 948 43 144 539 1,092 -50.6%
Net position:
Net investment in capital assets 100,830 101,349 8,331 8,934 109,161 110,283 -1.0%
Restricted 27,253 27,253 - - 27,253 27,253 0.0%
Unrestricted 6,839 4,376 5,533 4,456 12,372 8,832 40.1%
Total net position 134,922$ 132,978$ 13,864$ 13,390$ 148,786$ 146,368$ 1.7%
Governmental
Activities
Business-type
Activities
Total Primary
Government Total
Percent
Change
Net position represents the difference between the City’s resources and its obligations. At June 30, 2021, the largest
portion of the City’s total net position, approximately 73.37 percent, reflects the investment in capital assets less
related debt outstanding used to acquire the capital assets. These capital assets are used by the City to provide
services to the citizens. Additional capital asset information can be found in the Capital Asset and Debt
Administration sections of the MD&A. Restricted net position represents amounts that must be used in accordance
with external restrictions. The unrestricted balance of net position may be used at the City’s discretion.
The net position of our business-type activities increased by 3.54 percent to $13,863,815, and the City generally
can only use this net position to finance the continuing operations of the business-type activities.
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CITY OF SAN JACINTO
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2021
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City of San Jacinto
Government-wide Financial Statements - Changes in Net Position
For the year ended June 30, 2021 and 2020
(in thousands)
Total
Percent
2021 2020 2021 2020 2021 2020 Change
Revenues
Program revenues:
Charges for services 9,739$ 5,898$ 18,262$ 17,050$ 28,001$ 22,948$ 22.0%
Operating grants and
contributions 7,312 6,852 - - 7,312 6,852 6.7%
Capital grants and contributions 6,165 7,711 - - 6,165 7,711 -20.0%
General revenues:
Property taxes/property tax in-lieu 7,269 7,001 - - 7,269 7,001 3.8%
Transient occupancy taxes 15 23 - - 15 23 -34.8%
Franchise taxes 2,374 2,189 - - 2,374 2,189 8.5%
Sales taxes 5,734 3,254 - - 5,734 3,254 76.2%
Other taxes 217 211 - - 217 211 2.8%
Other 63 1,479 96 49 159 1,528 -89.6%
Total revenues 38,888 34,618 18,358 17,099 57,246 51,717 10.7%
Expenses
Governmental activities:
General government 3,135 3,335 - - 3,135 3,335 -6.0%
Public safety 16,626 16,332 - - 16,626 16,332 1.8%
Public works 8,885 9,723 - - 8,885 9,723 -8.6%
Community development 7,503 7,753 - - 7,503 7,753 -3.2%
Culture and leisure 644 772 - - 644 772 -16.6%
Interest on long-term debt 150 223 - - 150 223 -32.7%
Business-type activities:
Water - - 3,959 5,764 3,959 5,764 -31.3%
Sewer - - 1,239 1,232 1,239 1,232 0.6%
Power - - 12,685 10,434 12,685 10,434 21.6%
Non-major - - 2 3 2 3 -33.3%
Total expenses 36,943 38,138 17,885 17,433 54,828 55,571 -1.3%
Increase (decrease) in net position 1,945$ (3,520)$ 473$ (334)$ 2,418$ (3,854)$ -162.7%
Governmental Business-type Total Primary
Activities Activities Government
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CITY OF SAN JACINTO
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2021
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Revenue
The City’s total revenue, excluding transfers, was $57,245,526 for the year ended June 30, 2021. Revenue from
governmental activities, excluding transfers, totaled $38,889,396 and revenue from business-type activities totaled
$18,356,130, excluding transfers. During 2021, capital grants and contributions, restricted to the construction of
capital assets, comprised 11 percent of the total revenue of the City, taxes and other general revenues provided 28
percent of the total revenue of the City, and charges for services and operating grants and contributions provided
62 percent of the total revenue of the City.
Most of the revenues remained stable from 2020 to 2021, with increases due to transactions and use tax receipts
from the passage of Measure V.
Expenses
The City’s expenses totaled $54,828,263 for the year. Governmental activity expenses totaled $36,943,421, or 67
percent of total expenses. Business-type activities incurred $17,884,842 of expenses during the year, or 33 percent
of total expenses.
The City’s expenses remained stable from 2020 to 2021.
Governmental Activities
The following table shows the cost of each of the City’s major programs and the net cost of the programs. Net cost
is the total cost less fees and other direct revenue generated by the activities and reflects the financial burden that
was placed on the City’s taxpayers by each of the programs.
City of San Jacinto
Government-wide Financial Statements - Net Cost of Governmental Activities
For the year ended June 30, 2021 and 2020
(in thousands)
Percent Percent
2021 2020 Change 2021 2020 Change
General government 3,135$ 3,335$ -6.0% 187$ 558$ -66.5%
Public safety 16,626 16,331 1.8% 9,967 12,283 -18.9%
Public works 8,885 9,723 -8.6% 3,466 3,462 0.1%
Community development 7,503 7,753 -3.2% (686) 379 -281.0%
Culture and leisure 644 772 -16.6% 644 772 -16.6%
Total 36,793$ 37,914$ -3.0% 13,578$ 17,454$ -22.2%
Total Cost
of Services
Net Cost
of Services
The cost for all governmental activities this year was $36,793,523, not including interest expense of $149,898. The
City’s taxpayers paid for approximately 42.42 percent of these costs. Fees, grants and contributions funded the
balance of the costs of governmental activities.
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CITY OF SAN JACINTO
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2021
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Business-type Activities
Charges for services of the City’s business-type activities totaled $18,262,089. Expenses of business-type activities
were $17,884,842. Capital grants and contributions were not received in the water, solid waste, sewer, and power
activities to finance capital improvements. The costs of capital improvements are reported as capital assets in the
statement of net position, rather than as expenses in the statement of activities.
FINANCIAL ANALYSIS OF THE FUND STATEMENTS
The City uses fund accounting to assure and demonstrate compliance with finance-related legal requirements. The
fund financial statements focus on individual parts of the City’s government, reporting the City’s operations in more
detail than the government-wide financial statements.
The City’s governmental funds provide information on near-term inflows, outflows and balances of spendable
resources. The City’s governmental funds reported combined fund balances at June 30, 2021 of $37,851,919, an
increase of $2,624,427 from the previous fiscal year. Within the change of combined fund balances, the General
Fund increased by $1,528,442, due to passage of Measure V.
City of San Jacinto
Fund Financial Statements - Fund Balances
As of June 30, 2021 and 2020
(in thousands)
Percent
2021 2020 Change
Nonspendable:
Prepaids $ 78 $ 41 90.24%
Total nonspendable fund balances 78 41 90.24%
Restricted:
Land held for resale 340 340 0.00%
Advances receivable 2,778 2,903 -4.31%
Special revenue funds 25,155 24,639 2.09%
Total restricted fund balances 28,273 27,882 1.40%
Assigned:
Capital projects funds 1,501 1,553 -3.35%
Total assigned fund balances 1,501 1,553 -3.35%
Unassigned:
General fund 10,602 8,985 18.00%
Special revenue funds (2,602) (3,234)-19.54%
Total unassigned fund balances 8,000 5,751 39.11%
Total fund balance $ 37,852 $ 35,227 7.45%
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CITY OF SAN JACINTO
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2021
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General Fund Budgetary Highlights
Over the course of the year, the City revised the City budget with adjustments for revenue and expenditure
appropriations approved after the original budget was adopted.
Certain capital project appropriations originally budgeted but not expended in fiscal year 2020 were re-appropriated
in 2021 as part of the City’s capital budget.
After taking into account these adjustments, actual expenditures were $2,913,194 over the final budget amounts.
Resources available for appropriation were $4,144,000 more than the final budgeted amount, primarily due to higher
transaction and use tax receipts than anticipated.
CAPITAL ASSET AND DEBT ADMINISTRATION
Capital Assets
As of June 30, 2021, the City had invested $116,432,878 in a broad range of capital assets, including police and
fire equipment, buildings, parks and park improvements, roads, bridges, and water, solid waste and sewer utility
systems.
City of San Jacinto
Capital Assets
As of June 30, 2021 and 2020
(net of depreciation, in thousands)
2021 2020 2021 2020 2021 2020
Capital assets not being depreciated:
Land and improvements 5,800$ 5,793$ 55$ 55$ 5,855$ 5,848$
Construction in progress 10,470 8,215 18 - 10,488 8,215
Depreciable capital assets, net of
accumulated depreciation:
Buildings and system 4,165 4,333 3,411 3,545 7,576 7,878
Machinery and equipment 1,078 1,327 3,917 4,287 4,995 5,614
Improvements other than buildings 1,771 1,924 4,769 5,265 6,540 7,189
Infrastructure 80,979 83,395 - - 80,979 83,395
Total 104,263$ 104,987$ 12,170$ 13,152$ 116,433$ 118,139$
Governmental Business-type
Activities Activities Total
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CITY OF SAN JACINTO
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2021
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This year’s major capital asset additions included:
Government-wide, governmental activities:
Two road improvement projects completed at a final cost of $2,288,189
New CIP projects of $4,547,786
There were no significant capital asset additions for business type activities.
More detailed information about the City’s capital assets is presented in Note 3 to the financial statements.
Long-term Liabilities
At June 30, 2021, the City had $7,969,436 in long-term liabilities outstanding. More detailed information about the
City’s total long-term liabilities is presented in Note 6 to the financial statements.
City of San Jacinto
Outstanding Liabilities
As of June 30, 2021 and 2020
(in thousands)
2021 2020 2021 2020 2021 2020
Revenue and other bonds, net 73$ 355$ -$ -$ 73$ 355$
Special assessment debt with
government commitment,
including unpaid interest 1,084 1,084 - - 1,084 1,084
Loans payable - direct borrowing 2,041 2,152 3,579 3,877 5,620 6,029
Capital leases 308 402 260 340 568 742
Claims and judgments 204 165 - - 204 165
Compensated absences 343 325 78 85 421 410
Total 4,053$ 4,483$ 3,917$ 4,302$ 7,970$ 8,785$
Governmental Business-type
Activities Activities Total
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CITY OF SAN JACINTO
MANAGEMENT’S DISCUSSION AND ANALYSIS
FOR THE YEAR ENDED JUNE 30, 2021
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ECONOMIC FACTORS AND NEXT YEAR’S BUDGET
Since “the Great Recession,” the City has seen significant improvements in economic trends. Despite the economic
turmoil caused by the COVID-19 pandemic, the City’s limited categories of revenue (such as not having tourism,
hospitality and entertainment industries) helped minimize the economic effects on the City. Residential development
and home sales have increased dramatically to their best numbers in a decade. Commercial development is strong
as well, with several high-profile projects moving forward. Public safety costs continue to increase, although at a
slower rate than previously due to the County’s cost-minded Sheriff. Meanwhile, the City continues to focus on
potential commercial growth, economic development, and attracting the businesses desirable to the residents of
the City.
The City also placed a transactional-use tax measure (Measure V) on the November 2020 ballot, passing with 69
percent approval. This measure provides an increase in revenue, which will help the City to increase its public safety
staffing and undertake much needed projects. However, the United States is encountering its highest levels of
inflation in four decades, which is anticipated to significantly affect operating costs and limit the use of this new
revenue stream to only the most essential services.
The General Fund budget for 2021-2022 appropriates $27,048,903 in operating and capital expenditures, an
increase of 16.3 percent from the prior year.
CONTACTING THE CITY’S FINANCIAL MANAGEMENT
This financial report is designed to provide our citizens, taxpayers, customers, investors and creditors with a general
overview of the City’s finances, and to demonstrate the City’s accountability for the money it receives. If you have
questions about this report or need additional financial information, contact the City of San Jacinto Department of
Finance, Accounting Division, PO Box 488, San Jacinto, California 92581, or visit the City’s web page at
www.sanjacinto.gov.
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Basic Financial Statements
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Government-Wide Financial Statements
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The accompanying notes are an integral part of these financial statements.
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City of San Jacinto
Statement of Net Position
June 30, 2021
Governmental Business-Type
Activities Activities Total
ASSETS
Cash and investments 43,845,256$ 5,836,366$ 49,681,622$
Receivables, net:
Accounts 883,425 4,393,725 5,277,150
Interest 321,526 - 321,526
Taxes 1,393,104 - 1,393,104
Cash and investments with fiscal agents, restricted 61,020 - 61,020
Notes receivable 3,125,155 - 3,125,155
Due from other governments 3,389,286 - 3,389,286
Deposits with others 1,007,918 - 1,007,918
Prepaids 53,638 81,055 134,693
Internal balances 1,270,250 (1,270,250) -
Inventories 29,345 68,403 97,748
Land held for resale 339,807 - 339,807
Capital assets:
Land and construction in progress 16,269,648 72,760 16,342,408
Other capital assets, net of depreciation 87,993,404 12,097,067 100,090,471
Total assets 159,982,782 21,279,126 181,261,908
DEFERRED OUTFLOWS OF RESOURCES
Loss on retirement of bonds - 19,551 19,551
Pension related 2,383,471 556,793 2,940,264
Total deferred outflows of resources 2,383,471 576,344 2,959,815
LIABILITIES
Accounts payable and accrued liabilities 5,002,988 1,231,964 6,234,952
Accrued wages 328,873 99,627 428,500
Accrued interest payable - 47,502 47,502
Due to other governments 189,902 - 189,902
Retention payable 137,211 - 137,211
Unearned revenues 16,667 - 16,667
Deposits payable 6,554,012 380,216 6,934,228
Noncurrent liabilities:
Due within one year 886,809 410,029 1,296,838
Due in more than one year 3,165,773 3,506,825 6,672,598
Net pension liability 10,665,514 2,271,790 12,937,304
Total liabilities 26,947,749 7,947,953 34,895,702
DEFERRED INFLOWS OF RESOURCES
Pension related 496,418 43,701 540,119
NET POSITION
Net investment in capital assets 100,830,040 8,330,937 109,160,977
Restricted for:
Public safety 1,105,755 - 1,105,755
Public works 17,593,522 - 17,593,522
Community development 8,499,239 - 8,499,239
Culture and leisure 54,163 - 54,163
Unrestricted 6,839,367 5,532,879 12,372,246
Total net position 134,922,086$ 13,863,816$ 148,785,902$
Primary Government
4.1.a
Packet Pg. 229 Attachment: 2021 Financial Statements (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
The accompanying notes are an integral part of these financial statements.
-14-
City of San Jacinto
Statement of Activities
For the Year Ended June 30, 2021
Operating Capital
Charges for Contributions Contributions
Functions/Programs Expenses Services and Grants and Grants
Primary government
Governmental activities:
General government 3,134,976$ -$ 2,947,947$ -$
Public safety 16,626,024 6,119,949 538,663 -
Public works 8,885,059 218,161 3,361,218 1,840,497
Community development 7,503,054 3,400,992 463,962 4,324,104
Culture and leisure 644,410 - - -
Interest on long-term debt 149,898 - - -
Total governmental activities 36,943,421 9,739,102 7,311,790 6,164,601
Business-type activities:
Water 3,959,191 4,606,375 - -
Sewer 1,239,094 949,610 - -
Power 12,684,592 12,706,104 - -
Non-major 1,965 - - -
Total business-type activities 17,884,842 18,262,089 - -
Total 54,828,263$ 28,001,191$ 7,311,790$ 6,164,601$
General revenues:
Taxes:
Property tax, levied for general purpose
Property tax in-lieu of motor vehicle
Transient occupancy taxes
Franchise tax
Sales tax
Other taxes
Unrestricted investment earnings
Gain (loss) on sale of capital assets
Other
Transfers
Total general revenues
Change in net position
Net position, beginning of year
Net position, end of year
Program Revenues
4.1.a
Packet Pg. 230 Attachment: 2021 Financial Statements (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
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Governmental Business-Type
Activities Activities Total
(187,029)$ -$ (187,029)$
(9,967,412) - (9,967,412)
(3,465,183) - (3,465,183)
686,004 - 686,004
(644,410) - (644,410)
(149,898) - (149,898)
(13,727,928) - (13,727,928)
- 647,184 647,184
- (289,484) (289,484)
- 21,512 21,512
- (1,965) (1,965)
- 377,247 377,247
(13,727,928) 377,247 (13,350,681)
3,136,662 - 3,136,662
4,131,680 - 4,131,680
14,890 - 14,890
2,373,684 - 2,373,684
5,733,736 - 5,733,736
217,203 - 217,203
(359,771) 66,519 (293,252)
38,439 27,522 65,961
387,380 - 387,380
(1,965) 1,965 -
15,671,938 96,006 15,767,944
1,944,010 473,253 2,417,263
132,978,076 13,390,563 146,368,639
134,922,086$ 13,863,816$ 148,785,902$
Net Revenue (Expense) and Change in Net Position
Primary Government
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Fund Financial Statements
4.1.a
Packet Pg. 233 Attachment: 2021 Financial Statements (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
The accompanying notes are an integral part of these financial statements.
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City of San Jacinto
Governmental Funds
Balance Sheet
June 30, 2021
Capital Projects Special Revenue
City Community
Capital Facilities
General Projects District 2003
ASSETS
Cash and investments 13,281,515$ 7,410,136$ 221,089$
Restricted cash with fiscal agent 61,020 - -
Receivables, net:
Accounts 767,045 - -
Interest 87,571 - -
Taxes and assessments 185,520 - 35,587
Notes 160,000 - -
Inventory 29,345 - -
Prepaids 48,436 - -
Due from other governments 2,479,281 - -
Due from other funds 1,857,996 - -
Advances receivable 4,636,373 - -
Land held for resale - - -
Total assets 23,594,102$ 7,410,136$ 256,676$
LIABILITIES
Accounts payable 3,111,523$ 755,714$ 827,988$
Accrued payroll 296,501 - -
Deposits payable 6,554,012 - -
Retention payable - 137,211 -
Due to other funds - - -
Due to other governments 4,369 41,405 -
Unearned revenue - - -
Advances payable - 6,475,806 2,716,463
Total liabilities 9,966,405 7,410,136 3,544,451
DEFERRED INFLOWS OF RESOURCES
Unavailable revenue 169,720 - -
FUND BALANCES
Nonspendable 77,781 - -
Restricted 2,777,484 - -
Assigned - - -
Unassigned 10,602,712 - (3,287,775)
Total fund balances (deficit) 13,457,977 - (3,287,775)
Total liabilities, deferred inflows of
resources and fund balances 23,594,102$ 7,410,136$ 256,676$
4.1.a
Packet Pg. 234 Attachment: 2021 Financial Statements (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
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Successor Total Non-Major Total
Housing Assessment Governmental Governmental
Authority LLPD #2 District 2003-01 Funds Funds
231,618$ 8,342,802$ 6,811,369$ 7,398,435$ 43,696,964$
- - - - 61,020
- - - 64,563 831,608
233,955 - - - 321,526
- 63,821 12,532 1,095,644 1,393,104
2,965,155 - - - 3,125,155
- - - - 29,345
- - - - 48,436
- - - 910,005 3,389,286
- - - - 1,857,996
- - - 4,555,896 9,192,269
339,807 - - - 339,807
3,770,535$ 8,406,623$ 6,823,901$ 14,024,543$ 64,286,516$
-$ 177,804$ -$ 82,098$ 4,955,127$
- - - 12,661 309,162
- - - - 6,554,012
- - - - 137,211
- - - 587,746 587,746
- - - 144,128 189,902
- - - 16,667 16,667
- - - - 9,192,269
- 177,804 - 843,300 21,942,096
3,199,110 - - 1,123,671 4,492,501
- - - - 77,781
571,425 8,228,819 6,823,901 9,870,554 28,272,183
- - - 1,501,332 1,501,332
- - - 685,686 8,000,623
571,425 8,228,819 6,823,901 12,057,572 37,851,919
3,770,535$ 8,406,623$ 6,823,901$ 14,024,543$ 64,286,516$
Special Revenue
4.1.a
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The accompanying notes are an integral part of these financial statements.
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City of San Jacinto
Reconciliation of the Balance Sheet of
Governmental Funds to the Statement of Net Position
June 30, 2021
Fund balance of governmental funds 37,851,919$
Amounts reported for governmental activities in
the Statement of Net Position are different because:
Net investment in capital assets have not been included
as financial resources in governmental funds.
Capital assets not being depreciated 16,269,648
Capital assets being depreciated 212,949,904
Accumulated depreciation (124,956,500)
Long-term liabilities applicable to governmental activities are not due and payable
in the current period and, accordingly, are not reported as governmental fund
liabilities. All liabilities (both current and long-term) are reported in the Statement
of Net Position.
Compensated absences (343,227)
Special assessment debt and unmatured interest (1,084,259)
Pension obligation bonds (72,746)
Loans/Leases payable (2,348,753)
Net pension liability (10,665,514)
Unavailable revenue balances relating to various accounts and loans receivable are not
reported as unavailable revenue in the Statement of Net Position since recognition is
not based upon measurable and available criteria.
Various other amounts (24,823)
Low and moderate housing loans receivable 3,199,110
Accrued interest on low and moderate housing loans 233,955
Special assessments receivable 1,084,259
Pension related deferred outflows and inflows of resources in governmental activities
are not financial resources and, therefore, are not reported in the governmental funds.
Deferred outflows of resources - pension related items 2,383,471
Deferred inflows of resources - pension related items (496,418)
Internal Service Funds are used by management to charge costs of certain
activities on individual funds. The assets and liabilities of the Internal Service
Funds must be added to the Statement of Net Position since revenue recognition
is not based upon measurable and available criteria.
Fund Net Position of Internal Service Funds 942,060
Net position of governmental activities 134,922,086$
4.1.a
Packet Pg. 237 Attachment: 2021 Financial Statements (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
The accompanying notes are an integral part of these financial statements.
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City of San Jacinto
Governmental Funds
Statement of Revenues, Expenditures and Changes in Fund Balances
For the Year Ended June 30, 2021
Capital Projects Special Revenue
City Community
Capital Facilities
General Projects District 2003
REVENUES
Taxes 10,994,542$ -$ -$
Assessments - - 2,877,811
Licenses and permits 1,982,592 - -
Fines and forfeitures 291,475 - -
Development fees 273,286 - -
Intergovernmental 5,298,582 - -
Charges for services 1,569,613 - -
Investment earnings (382,187) - -
Other/overhead allocations 3,451,281 - 389,529
Total revenues 23,479,184 - 3,267,340
EXPENDITURES
Current:
General government 2,943,132 - 27,749
Public safety 13,025,224 - 3,216,108
Public works 1,253,245 - -
Community development 3,336,767 - -
Culture and leisure 83,665 - -
Debt service:
Principal 487,417 - -
Interest 145,851 - 18,506
Capital outlay 52,292 5,084,932 -
Total expenditures 21,327,593 5,084,932 3,262,363
Excess (deficiency) of revenues
over (under) expenditures 2,151,591 (5,084,932) 4,977
OTHER FINANCING SOURCES (USES)
Proceeds from the sale of property 34,437 - -
Transfers in 383,507 5,084,932 221,089
Transfers out (1,041,093) - -
Total other financing sources (uses) (623,149) 5,084,932 221,089
Net change in fund balances 1,528,442 - 226,066
Fund balances (deficit), beginning of year 11,929,535 - (3,513,841)
Fund balances (deficit), end of year 13,457,977$ -$ (3,287,775)$
4.1.a
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Successor Total Non-Major Total
Housing Assessment Governmental Governmental
Authority LLPD #2 District 2003-01 Funds Funds
-$ -$ -$ 333,066$ 11,327,608$
- 3,903,249 999,039 685,239 8,465,338
- - - - 1,982,592
- - - 525,576 817,051
- 4,090 - 839,648 1,117,024
- - - 4,487,216 9,785,798
- - - - 1,569,613
10,173 91,700 76,402 166,640 (37,272)
- - - 376,861 4,217,671
10,173 3,999,039 1,075,441 7,414,246 39,245,423
6,280 - - 4,842 2,982,003
- - - 201,070 16,442,402
- - 42,275 2,054,850 3,350,370
- 3,581,139 - 400,853 7,318,759
- - - 557,994 641,659
- - - - 487,417
- - - - 164,357
- 19,794 - 25,545 5,182,563
6,280 3,600,933 42,275 3,245,154 36,569,530
3,893 398,106 1,033,166 4,169,092 2,675,893
- - - 4,002 38,439
- - - 9,666 5,699,194
- - - (4,748,006) (5,789,099)
- - - (4,734,338) (51,466)
3,893 398,106 1,033,166 (565,246) 2,624,427
567,532 7,830,713 5,790,735 12,622,818 35,227,492
571,425$ 8,228,819$ 6,823,901$ 12,057,572$ 37,851,919$
Special Revenue
4.1.a
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The accompanying notes are an integral part of these financial statements.
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City of San Jacinto
Reconciliation of the Statement of Revenues,
Expenditures and Changes in Fund Balances of Governmental Funds
to the Statement of Activities
For the Year Ended June 30, 2021
Net change in fund balances - total governmental funds 2,624,427$
Amounts reported for governmental activities in the Statement of Activities
are different because:
Governmental funds report capital outlays as expenditures. However, in the
Statement of Activities, the cost of those assets are allocated over their estimated
useful lives as depreciation expense or allocated to the appropriate functional
expense when the cost is below the capitalization threshold. Additionally, capital
contributions are reported as program revenues in the Statement of Activities.
This activity is reconciled as follows:
Cost of assets capitalized less disposals 4,619,884
Depreciation expense (5,344,182)
Revenues in the Statement of Activities that do not provide current financial
resources are not reported as revenues in the fund. (394,466)
Long-term debt proceeds provide current financial resources to Governmental
Funds, but issuing debt increases long-term liabilities in the Government-Wide
Statement of Net Position. Principal repayments of long-term debt are
expenditures/uses in the Governmental Funds, but they reduce long-term
liabilities in the Government-Wide Statement of Net Position.
Repayments:
2014 pension obligation bonds 282,115
2018 street light financing 110,372
Capital lease - storm drain 94,930
Some expenses reported in the Statement of Activities do not require the use of
current financial resources, and therefore, are not reported as expenditures in the
governmental funds.
Change in compensated absences (17,994)
Change in accrued interest payable 14,459
Pension expense net of adjustments (257,108)
Internal Service Funds are used by management to charge the cost of insurance
to individual funds. The net revenue of the Internal Service Funds are reported
with governmental activities. 211,573
Change in net position of governmental activities 1,944,010$
4.1.a
Packet Pg. 241 Attachment: 2021 Financial Statements (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
The accompanying notes are an integral part of these financial statements.
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City of San Jacinto
Statement of Net Position
Proprietary Funds
June 30, 2021
Water Sewer
ASSETS
Current assets:
Cash and investments 3,287,667$ 2,548,699$
Receivables, net:
Accounts 761,032 299,424
Deposits with others - -
Inventories 68,403 -
Prepaid expenses 5,623 5,432
Total current assets 4,122,725 2,853,555
Non-current assets:
Capital assets:
Land 55,222 -
Construction in progress 17,538 -
Building and system 6,677,062 31,301
Machinery and equipment 6,436,579 973,209
Improvements other than buildings 6,017,823 3,824,233
Less accumulated depreciation (9,577,184) (2,297,608)
Total non-current assets 9,627,040 2,531,135
Total assets 13,749,765 5,384,690
DEFERRED OUTFLOWS OF RESOURCES
Loss on retirement of bonds 19,551 -
Pension related 371,195 185,598
Total deferred outflows of resources 390,746 185,598
LIABILITIES
Current liabilities:
Accounts payable 128,530 288,800
Accrued wages 62,145 32,230
Accrued interest 47,502 -
Deposits payable 380,216 -
Due to other funds - -
Long term liabilities, current portion 326,594 83,435
Total current liabilities 944,987 404,465
Non-current liabilities:
Claims payable - -
Long term liabilities, net of current portion 3,301,354 196,738
Net pension liability 1,514,527 757,263
Total non-current liabilities 4,815,881 954,001
Total liabilities 5,760,868 1,358,466
DEFERRED INFLOWS OF RESOURCES
Pension related 29,134 14,567
NET POSITION
Net investment in capital assets 6,048,311 2,270,974
Unrestricted 2,302,198 1,926,281
Total net position 8,350,509$ 4,197,255$
Business-type Activities
Enterprise Funds
4.1.a
Packet Pg. 242 Attachment: 2021 Financial Statements (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
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Governmental
Activities
Power
Non-Major Solid
Waste Total
Internal Service
Fund
-$ -$ 5,836,366$ 148,292$
3,333,269 - 4,393,725 51,817
- - - 1,007,918
- - 68,403 -
70,000 - 81,055 5,202
3,403,269 - 10,379,549 1,213,229
- - 55,222 -
- - 17,538 -
- - 6,708,363 -
14,564 - 7,424,352 -
- - 9,842,056 -
(2,912) - (11,877,704) -
11,652 - 12,169,827 -
3,414,921 - 22,549,376 1,213,229
- - 19,551 -
- - 556,793 -
- - 576,344 -
814,634 - 1,231,964 47,861
5,252 - 99,627 19,711
- - 47,502 -
- - 380,216 -
1,270,250 - 1,270,250 -
- - 410,029 -
2,090,136 - 3,439,588 67,572
- - - 203,597
8,733 - 3,506,825 -
- - 2,271,790 -
8,733 - 5,778,615 203,597
2,098,869 - 9,218,203 271,169
- - 43,701 -
11,652 - 8,330,937 -
1,304,400 - 5,532,879 942,060
1,316,052$ -$ 13,863,816$ 942,060$
Business-type Activities
Enterprise Funds
4.1.a
Packet Pg. 243 Attachment: 2021 Financial Statements (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
The accompanying notes are an integral part of these financial statements.
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City of San Jacinto
Statement of Revenues, Expenses and Changes in Net Position
Proprietary Funds
For the Year Ended June 30, 2021
Water Sewer
OPERATING REVENUES
Sales and charges for services 4,578,243$ 948,816$
Miscellaneous/sale of ground water 28,132 794
Total operating revenues 4,606,375 949,610
OPERATING EXPENSES
Personnel services 682,756 366,439
Employee benefits 443,393 234,439
Office expense & field supplies 177,129 30,844
Depreciation 828,537 238,043
Outside services 384,707 109,267
Repairs and maintenance 144,032 24,771
Utilities 262,209 3,558
Overhead allocations 723,094 219,390
Watermaster charges 176,798 -
Energy purchases - -
Claims and judgements - -
Total operating expenses 3,822,655 1,226,751
Operating income (loss) 783,720 (277,141)
NON-OPERATING REVENUES (EXPENSES)
Investment earnings 34,522 31,997
Interest and fiscal charges (136,536) (12,343)
Gain (Loss) on disposal of assets 22,530 4,992
Total non-operating revenues
(expenses) (79,484) 24,646
Other income (expense) before transfers 704,236 (252,495)
Transfers in - -
Transfers out - -
Change in net position 704,236 (252,495)
Net position, beginning of year 7,646,273 4,449,750
Net position, end of year 8,350,509$ 4,197,255$
Enterprise Funds
Business-type Activities
4.1.a
Packet Pg. 244 Attachment: 2021 Financial Statements (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
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Governmental
Activities
Power
Non-Major
Solid Waste Total
Internal Service
Fund
11,697,030$ -$ 17,224,089$ 1,184,356$
1,009,074 - 1,038,000 202
12,706,104 - 18,262,089 1,184,558
56,418 1,965 1,107,578 197,407
34,031 - 711,863 98,982
25,376 - 233,349 4,582
970 - 1,067,550 -
607,806 - 1,101,780 652,006
- - 168,803 96,989
- - 265,767 1,760
133,275 - 1,075,759 -
- - 176,798 -
11,826,716 - 11,826,716 -
- - - 9,199
12,684,592 1,965 17,735,963 1,060,925
21,512 (1,965) 526,126 123,633
- - 66,519 -
- - (148,879) -
- - 27,522 -
- - (54,838) -
21,512 (1,965) 471,288 123,633
- 1,965 1,965 137,940
- - - (50,000)
21,512 - 473,253 211,573
1,294,540 - 13,390,563 730,487
1,316,052$ -$ 13,863,816$ 942,060$
Business-type Activities
Enterprise Funds
4.1.a
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The accompanying notes are an integral part of these financial statements.
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City of San Jacinto
Statement of Cash Flows
Proprietary Funds
For the Year Ended June 30, 2021
Water Sewer
CASH FLOWS FROM OPERATING ACTIVITIES
Cash received from customers 4,410,132$ 915,463$
Cash payments to suppliers (1,807,654) (323,234)
Cash payments to employees for services (1,079,597) (588,777)
Net cash provided by (used for)
operating activities 1,522,881 3,452
CASH FLOWS FROM NONCAPITAL FINANCING ACTIVITIES
Transfers from other funds - -
Cash (paid) received from other funds - -
Net cash provided by (used for) non-capital
financing activities - -
CASH FLOWS FROM CAPITAL AND RELATED
FINANCING ACTIVITIES
Acquisition or construction of capital assets (17,538) (68,012)
Proceeds from sale of capital assets 22,530 4,992
Lease principal paid - (80,313)
Bond principal paid (298,180) -
Interest and fiscal charges paid (131,015) (12,343)
Net cash used for capital and
related financing activities (424,203) (155,676)
CASH FLOWS FROM INVESTING ACTIVITIES
Interest income received 34,522 31,997
Net cash provided by
investing activities 34,522 31,997
Net change in cash and cash equivalents 1,133,200 (120,227)
Cash and cash equivalents, beginning of year 2,154,467 2,668,926
Cash and cash equivalents, end of year 3,287,667$ 2,548,699$
Reconciliation of cash and cash equivalents to amounts
reported on the statement of net position:
Reported on the statement of net position:
Cash and investments 3,287,667$ 2,548,699$
Totals 3,287,667$ 2,548,699$
Business-type Activities -
Enterprise Funds
4.1.a
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Governmental
Activities
Power
Non-Major
Solid Waste Total
Internal Service
Fund
11,644,174$ 7,713$ 16,977,482$ 1,184,558$
(12,900,274) (7,852) (15,039,014) (802,103)
(89,169) - (1,757,543) (292,162)
(1,345,269) (139) 180,925 90,293
- 1,965 1,965 87,940
1,270,250 (1,826) 1,268,424 (97,099)
1,270,250 139 1,270,389 (9,159)
- - (85,550) -
- - 27,522 -
- - (80,313) -
- - (298,180) -
- - (143,358) -
- - (579,879) -
- - 66,519 -
- - 66,519 -
(75,019) - 937,954 81,134
75,019 - 4,898,412 67,158
-$ -$ 5,836,366$ 148,292$
-$ -$ 5,836,366$ 148,292$
-$ -$ 5,836,366$ 148,292$
Business-type Activities -
Enterprise Funds
4.1.a
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The accompanying notes are an integral part of these financial statements.
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City of San Jacinto
Statement of Cash Flows
Proprietary Funds
For the Year Ended June 30, 2021
Water Sewer
Reconciliation of operating income (loss) to net cash
provided by (used for) operating activities:
Operating income (loss) 783,720$ (277,141)$
Adjustments to reconcile operating income (loss) to
net cash provided by (used for) operating activities:
Depreciation 828,537 238,043
Change in compensated absences (7) (7,234)
(Increase) decrease in assets:
Accounts receivable (203,562) (34,147)
Inventories 8,460 -
Prepaid expenses (225) 61
Deposits with others - -
Deferred outflows of resources 22,844 11,423
Increase (decrease) in liabilities:
Accounts payable 52,080 64,535
Accrued wages 13,746 2,928
Deposits payable 7,319 -
Claims payable - -
Deferred inflows of resources (67,006) (33,503)
Net pension liability 76,975 38,487
Total adjustments 739,161 280,593
Net cash provided by (used for) operating activities 1,522,881$ 3,452$
Noncash capital and related financing activities:
Acquisition of property and equipment -$ -$
Business-type Activities -
Enterprise Funds
4.1.a
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Governmental
Activities
Power
Non-Major
Solid Waste Total
Internal Service
Fund
21,512$ (1,965)$ 526,126$ 123,633$
970 - 1,067,550 -
1,280 - (5,961) -
(1,061,930) 1,965 (1,297,674) -
- - 8,460 -
2,000 - 1,836 (4,100)
- - - (85,167)
- - 34,267 -
(309,101) (139) (192,625) 13,170
- - 16,674 4,227
- - 7,319 -
- - - 38,530
- - (100,509) -
- - 115,462 -
(1,366,781) 1,826 (345,201) (33,340)
(1,345,269)$ (139)$ 180,925$ 90,293$
-$ -$ -$ -$
Enterprise Funds
Business-type Activities -
4.1.a
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Fiduciary Funds
4.1.a
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The accompanying notes are an integral part of these financial statements.
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City of San Jacinto
Statement of Fiduciary Net Position
Fiduciary Funds
June 30, 2021
Private
Purpose
Trust Fund Custodial
ASSETS
Cash and investments 1,669,581$ 1,273,239$
Cash and investments with fiscal agents 6 1,844,564
Receivables:
Due from other governments 275,451 31,906
Prepaid expenses - 2,062
Property held for resale 53,672 -
Capital assets:
Land 220,227 -
Building and system 103,636 -
Less accumulated depreciation (43,527) -
Total assets 2,279,046 3,151,771
DEFERRED OUTFLOW OF RESOURCES
Loss on refunding 6,173 -
LIABILITIES
Accounts payable and accrued liabilities 1,448,395 146
Unearned revenue 89,918 -
Long-term liabilities:
Due within one year 310,000 -
Due in more than one year 5,610,000 -
Total liabilities 7,458,313 146
NET POSITION
Held for dissolution of Redevelopment Agency (5,173,094) -
Restricted for bondholders - 3,151,625
Total net position (5,173,094)$ 3,151,625$
4.1.a
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The accompanying notes are an integral part of these financial statements.
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City of San Jacinto
Statement of Changes in Fiduciary Net Position
Fiduciary Funds
For the Year Ended to June 30, 2021
Private
Purpose
Trust Fund Custodial
ADDITIONS
Property taxes 1,900,188$ 1,437,747$
Investment earnings 5,895 8,779
Miscellaneous 11 -
Total additions 1,906,094 1,446,526
DEDUCTIONS
Administrative payments 29,160 44,163
Principal payments to bondholders - 630,000
Interest expense 1,608,008 689,113
Depreciation 2,072 -
Total deductions 1,639,240 1,363,276
Change in net position 266,854 83,250
Net position (deficit), beginning of year, as restated (5,439,948) 3,068,375
Net position (deficit), end of year (5,173,094)$ 3,151,625$
4.1.a
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Notes to the Basic Financial Statements
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
I. SIGNIFICANT ACCOUNTING POLICIES
Note 1: Summary of significant accounting policies
a. Reporting entity
The City of San Jacinto (City) was incorporated on April 20, 1888 under the laws of the State of
California and enjoys all the rights and privileges applicable to a general law city. It is governed by
an elected five-member board. As required by generally accepted accounting principles, these
financial statements present the City of San Jacinto (the primary government) and its component
units. The component units discussed below are included in the reporting entity because of their
operational or financial relationships with the City of San Jacinto.
Blended component units:
San Jacinto Financing Authority
The Authority is a joint exercise of powers authority organized and existing under and by virtue of
the Joint Exercise of Powers Act. The City formed the Authority by the execution of a joint exercise
of powers agreement dated as of May 25, 1993, and amended and restated in its entirety on
May 19, 1997 by and between the City and the former Redevelopment Agency. Pursuant to the
Joint Powers Act, the Authority is authorized to issue revenue bonds to provide funds to make
loans to public entities; such revenue bonds are to be repaid from the repayments of such loans.
The Authority is governed by a five-member Board which consists of all members of the City
Council. The Mayor of the City is the Chairperson of the Authority. The City Manager acts as the
Executive Director, the City Clerk acts as the Secretary and the Finance Director of the City acts
as the Treasurer of the Authority. Debts issued through the San Jacinto Financing Authority are
expected to be repaid with City resources. Accordingly, separate financial statements for the
Financing Authority are not prepared.
Industrial Development Authority
The Industrial Development Authority of the City of San Jacinto was activated by the City Council
of the City of San Jacinto. The purpose of the Industrial Development Authority is to assist the
community in industry development by providing a financing mechanism to encourage such
development in the City. Separate financial statements for the Industrial Development Authority
are not currently prepared.
As the governing bodies of the San Jacinto Financing Authority and Industrial Development
Authority are composed entirely of the council members of the City, the above component units
were included within the scope of the reporting entity of the City.
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 1: Summary of significant accounting policies (continued)
b. Government-wide and fund financial statements
The government-wide financial statements include a statement of net position and a statement of
activities. These statements present summaries of governmental and business-type activities for
the City accompanied by a total column. Fiduciary activities of the City are not included in these
statements. Certain eliminations have been made as prescribed by generally accepted accounting
principles in regard to interfund activities, payables, and receivables. All internal balances in the
statement of net position have been eliminated except those representing balances between the
governmental activities and the business-type activities, which are presented as internal balances
and eliminated in the total primary government column. Governmental activities, which normally
are supported by taxes and intergovernmental revenues, are reported separately from business-
type activities, which rely to a significant extent on user fees and charges for support.
The statement of activities demonstrates the degree to which the direct and indirect expenses of a
given function or segment are offset by program revenues. Direct expenses are those that are
clearly identifiable with a specific function or segment. Program revenues include 1) charges to
customers or applicants who purchase, use, or directly benefit from goods, services, or privileges
provided by a given function or segment and 2) grants and contributions, including special
assessments, that are restricted to meeting the operational or capital requirements of a particular
function or segment. Taxes and other items not properly included among program revenue are
reported instead as general revenues. In the statement of activities, Internal Service Fund
transactions have been eliminated; however, those transactions between the governmental and
business-type activities have not been eliminated.
Separate financial statements are provided for governmental, proprietary, and fiduciary funds,
even though the latter are excluded from the government-wide financial statements. Major
individual governmental funds and major individual enterprise funds are reported as separate
columns in the fund financial statements.
c. Measurement focus, basis of accounting, and financial statement presentation
The government-wide statements are reported using the economic resources measurement focus
and the accrual basis of accounting, as are the proprietary fund and fiduciary fund financial
statements. Revenues are recorded when earned and expenses are recorded when a liability is
incurred, regardless of the timing of the cash flows. Accordingly, all of the City's assets, deferred
outflows of resources, liabilities, and deferred inflows of resources, including capital assets, as
well as infrastructure assets, and long-term liabilities, are included in the accompanying statement
of net position. The statement of activities presents changes in net position. Under the accrual
basis of accounting, revenues are recognized in the period in which they are earned while
expenses are recognized in the period in which the liability is incurred. The types of transactions
reported as program revenues for the City are reported in three categories: 1) charges for
services, 2) operating grants and contributions, and 3) capital grants and contributions.
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 1: Summary of significant accounting policies (continued)
c. Measurement focus, basis of accounting, and financial statement presentation (continued)
Governmental fund financial statements are reported using the current financial resources
measurement focus and the modified-accrual basis of accounting. Under the modified-accrual
basis of accounting, revenues are recognized in these funds when susceptible to accrual (i.e.,
when they are both measurable and available). "Measurable" means the amount of the transaction
can be determined and "available" means collectible within the current period or soon enough
thereafter to be used to pay liabilities of the current period. For this purpose, the City considers
property taxes collected after year-end, as available if they are collected within 60 days of the end
of the current fiscal period. Other revenues susceptible to accrual include sales tax, state gasoline
taxes, utility user’s tax, investment income, and certain other intergovernmental revenues.
Expenditures in the governmental funds are generally recognized in the accounting period in
which the related fund liability is incurred, if measurable, except for unmatured principal and
interest on general long-term debt, as well as compensated absences and claims and judgments,
which are recognized when due.
The City reports the following major governmental funds:
The General Fund is the government's primary operating fund. It accounts for all financial
resources of the general government, except those required to be accounted for in another fund.
The City Capital Projects Fund is used to account for construction from various sources.
The Community Facilities District 2003 Fund is used to account for the funding of increased public
safety services in the District.
The Successor Housing Authority Fund is used to account for the City's housing-related activities.
The fund was established as the Housing Successor of the former Agency’s Low and Moderate
Housing fund which was eliminated as of February 1, 2012.
The LLPD #2 Special Revenue Fund is used to account for special assessment tax revenue
activity in the City’s Districts, restricted for maintenance and service to District facilities.
The Assessment District 2003-01 Special Revenue Fund is used to account for special
assessment tax revenue activity in the City’s Districts, restricted for street maintenance and
service to District facilities.
The City reports the following major proprietary funds:
The Water Fund is used to account for the provision of water services to the residences and
businesses of part of the City.
The Sewer Fund is used to account for the revenues and expenses in connection with the
operation and improvement of the City's sewer system.
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 1: Summary of significant accounting policies (continued)
c. Measurement focus, basis of accounting, and financial statement presentation (continued)
The Power Fund is used to account for the revenues and expenses in connection with the
Community Choice Aggregation (CCA) program, which allows the City to purchase and generate
electricity for residents and businesses within the City.
Additionally, the City reports the following fund types:
The Internal Service Funds are used to account for the resources, goods, and services that are
provided by one department to other departments or agencies of the City on a cost-reimbursement
basis. The City’s Internal Service Fund accounts for Workers Compensation and General Liability
Insurance services.
The Private Purpose Trust Fund is used to account for the activities of the Successor Agency to
the Redevelopment Agency to the City of San Jacinto. The fund's primary purpose is to expedite
the dissolution of the former Agency's net position (except for the low and moderate income
housing funds non-cash assets) in accordance with AB X1 26 and AB 1484.
The Custodial Funds are used to account for the resources held by the City in a fiduciary capacity.
The financial statements of the City have been prepared in conformity with accounting principles
generally accepted in the United States of America as applied to governmental agencies. The
Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for
establishing governmental accounting and financial reporting principles, and the City has adopted
all pronouncements of the GASB.
As a general rule, the effect of interfund activity has been eliminated from the government-wide
financial statements.
Amounts reported as program revenues include 1) charges to customers or applicants for goods,
services, or privileges provided, 2) operating grants and contributions, and 3) capital grants and
contributions, including special assessments. Internally dedicated resources are reported as
general revenues rather than as program revenues. Likewise, general revenues include all taxes.
Proprietary funds distinguish operating revenues and expenses from nonoperating items.
Operating revenues and expenses generally result from providing services and producing and
delivering goods in connection with a proprietary fund's principal ongoing operations. The principal
operating revenues for the Enterprise Funds are charges for goods and services. Operating
expenses for these same Enterprise Funds include the cost of sales and services, administration
expenses, and depreciation on capital assets. All revenues and expenses not meeting this
definition are reported as nonoperating revenues and expenses.
The City's fiduciary funds include Custodial Funds.
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 1: Summary of significant accounting policies (continued)
d. Accounting for encumbrances
Encumbrance accounting, under which purchase orders, contracts, and other commitments for the
expenditure of monies are recorded in order to reserve that portion of the applicable appropriation,
is employed in the governmental fund types.
e. Cash and investments
For the purpose of the statement of cash flows, the City considers cash and cash equivalents as
short term, highly liquid investments that are both readily convertible to known amounts of cash
and so near their maturity that they present insignificant risk of changes in value because of
changes in interest rates. The City follows the practice of pooling cash and investments of all
funds. Since cash and investments are pooled the City utilizes the assumption that cash and
investments in the Enterprise and Internal Service Funds are cash and cash equivalents.
f. Restricted cash and investments
Cash and investments restricted as to their use either by bond resolution or by the funding source
to a specific purpose are classified as restricted cash and investments.
g. Inventories
Inventories of materials and supplies are valued at cost using the first-in, first-out basis. The City
uses the consumption method of accounting for inventories.
h. Property held for resale
The Successor Agency has property held for resale with a net realizable value of $53,672.
i. Judgments and claims
The City utilizes its internal service funds to account for judgments and claims. Self-insurance
claims payable of $126,331 and $77,266, respectively, are recorded in the Workers’
Compensation and Liability Insurance funds.
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 1: Summary of significant accounting policies (continued)
j. Compensated absences
In accordance with current standards, a liability is recorded for unused vacation and similar
compensatory leave balances since the employees' entitlement to these balances are attributable
to services already rendered and it is probable that virtually all of these balances will be liquidated
by either paid time off or payments upon termination or retirement and are generally liquidated by
the General Fund.
Under current standards, a liability is recorded for unused sick leave balances only to the extent
that it is probable that the unused balances will result in payments upon termination. Other
amounts of unused sick leave are excluded from the liability since their payment is contingent
solely upon the occurrence of a future event (illness) which is outside the control of the City and
the employee.
In governmental funds, compensated absences (unpaid vacation and sick leave) are recorded as
expenditures in the year they are paid. The balance of unpaid vacation and vested sick leave at
year end is recorded in the government-wide financial statements as these amounts will be
liquidated from future resources.
Sick leave is payable when an employee is unable to work because of illness. Employees may
accrue sick leave up to a maximum of 960 hours. There is a sick leave buyback program. An
employee with 2 years of service may sell up to 96 hours of sick leave at the end of the calendar
year. After 5 years of service, employees who voluntarily leave or are laid off may cash out sick
leave upon separation from service.
k. Interfund advances
The City Capital Projects Fund accounts for the City capital projects expenditures. It is the City’s
policy and practice to transfer cash (advance funds), even if not yet received, to the City Capital
Projects Fund at the time of project commitment. Advances payable from the City Capital Projects
Fund and receivable to the advancing fund, are recorded to reflect the outstanding amounts
advanced at June 30, 2021. When funds are expended at the City’s Capital Projects Fund a
transfer is recorded between the two funds and the advance is respectively relieved.
l. Net Position Flow Assumption
Sometimes the City will fund outlays for a particular purpose from both restricted (e.g., restricted
bond or grant proceeds) and unrestricted resources. In order to calculate the amounts to report as
restricted net position and unrestricted net position in the government-wide and proprietary fund
financial statements, a flow assumption must be made about the order in which the resources are
considered to be applied. When both restricted and unrestricted resources are available for use, it
is the City’s policy to use restricted resources first, and then unrestricted resources as they are
needed.
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 1: Summary of significant accounting policies (continued)
m. Use of estimates in the preparation of financial statements
The financial statements have been prepared in accordance with generally accepted accounting
principles and necessarily include amounts based on estimates and assumptions by management.
Actual results could differ from those amounts.
n. Capital assets
Capital assets, which include property, plant and equipment, and infrastructure assets (e.g., roads,
bridges, sidewalks, and similar items), are reported in the applicable governmental or business-
type activities columns in the government-wide financial statements. Capital assets (excluding
infrastructure) are defined by the City as assets with an initial, individual cost of more than $5,000
and an estimated useful life in excess of two years. Infrastructure assets are defined by the City as
assets with an initial, individual cost of more than $50,000 and an estimated useful life in excess of
two years. Such assets are capitalized at historical cost or estimated historical cost if purchased or
constructed. Donated capital assets are recorded at acquisition value at the date of acquisition.
Property, plant and equipment of the City is depreciated using the straight-line method over the
following useful lives:
Buildings 40 years
Improvements 40 years
Equipment 3 to 7 years
Infrastructure 20 to 80 years
o. Property tax calendar
In 1978, a state constitutional amendment (Proposition 13) provided that the property tax rate be
generally limited to 1% of market value, levied only by the county and shared with all other
jurisdictions. The County of Riverside collects property taxes for the City. Tax liens attach annually
as of 12:01 A.M. on the first day in March preceding the fiscal year for which the taxes are levied.
The tax levy covers the fiscal period July 1st to June 30th. All secured personal property taxes and
one-half of the taxes on real property are due November 1st; the second installment is due
February 1st. All taxes are delinquent, if unpaid, on December 10th and April 10th respectively.
Unsecured personal property taxes become due on the first of March each year and are
delinquent, if unpaid, on August 31st. For governmental funds, City property tax revenues are
recognized when levied to the extent that they result in current receivables collectible within 60
days. In the government-wide statements, revenues are recognized in the year taxes are levied.
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 1: Summary of significant accounting policies (continued)
p. Pension plan
For purposes of measuring the net pension liability, deferred outflows of resources and deferred
inflows of resources related to pensions, and pension expense, information about the fiduciary net
position of the Plan and additions to/deductions from the Plan’s fiduciary net position have been
determined on the same basis. For this purpose, benefit payments (including refunds of employee
contributions) are recognized when currently due and payable in accordance with the benefit
terms. Investments are reported at fair value.
GASB 68 requires that the reported results must pertain to liability and asset information within
certain defined timeframes. For this report, the following timeframes are used.
Valuation Date June 30, 2019
Measurement Date June 30, 2020
Measurement Period July 1, 2019 to June 30, 2020
q. Fund balance
Fund balance is classified into five different components. The components are nonspendable,
restricted, committed, assigned, and unassigned.
Nonspendable - resources that are not in spendable form or required to be maintained intact
such as an endowment.
Restricted - resources that are subject to externally enforceable legal restrictions; these
restrictions are either externally imposed by creditors, grantors, contributors, or laws or
regulations of other governments or imposed by law through constitutional provisions or
enabling legislation.
Committed - resources that are constrained to specific purposes by a formal action of the City
Council such as an ordinance or resolution, whichever is the higher level of constraint. The
constraint remains binding unless removed in the same formal manner by the City Council.
Council action to commit fund balance must occur within the fiscal reporting period while the
amount committed may be determined subsequently.
Assigned - resources that are constrained by the City’s intent to be used for specific purposes,
but are neither restricted nor committed.
Unassigned - within the General Fund, the residual resources, either positive or negative, in
excess of what can be properly classified in one of the other four fund balance categories.
Within all other governmental funds, any negative residual resources.
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 1: Summary of significant accounting policies (continued)
q. Fund balance (continued)
When expenditures are incurred for purposes for which both restricted and unrestricted
(committed, assigned, or unassigned) fund balances are available, the City’s policy is to first apply
restricted fund balance. When expenditures are incurred for purposes for which committed,
assigned or unassigned fund balances are available, the City’s policy is to first apply committed
fund balance, then assigned fund balance, and finally unassigned fund balance.
Those charged with governance approved the Finance Director to have authority to assign
unrestricted fund balance amounts where the City’s intent is for those amounts to be used for
specific purposes. This delegation of authority is for the sole purpose of reporting these amounts
in the annual financial statements.
r. Deferred outflows/inflows of resources
In addition to assets, the statement of financial position (balance sheet) will sometimes report a
separate section for deferred outflows of resources. This separate financial element, deferred
outflows of resources, represents a consumption of net position or fund balance that applies to
future periods and so will not be recognized as an outflow of resources (expense/expenditure)
until then. In addition to liabilities, the statement of financial position (balance sheet) will
sometimes report a separate section for deferred inflows of resources. This separate financial
element, deferred inflows of resources, represents an acquisition of net position or fund balance
that applies to future periods and so will not be recognized as an inflow of resources (revenue)
until that time.
s. Prepaid expenses
Certain payments to vendors reflect costs applicable to future accounting periods and are
recorded as prepaid items in both government-wide and fund financial statements. The cost of
prepaid items is recorded as expenditures/expenses when consumed rather than purchased.
t. Implementation of new GASB pronouncement
The Governmental Accounting Standards Board (GASB) has issued Statement No. 84, Fiduciary
Activities. The primary objective of this statement is to improve guidance regarding the
identification of fiduciary activities for accounting and financial reporting purposes and how those
activities should be reported.
As a result, activities previously reported as agency funds are now presented as custodial funds or
have been consolidated with the General Fund.
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
II. STEWARDSHIP, COMPLIANCE, AND ACCOUNTABILITY
Note 1: Summary of significant accounting policies (continued)
a. Budgetary principles
General budget policies
The City Council approves each year’s budget submitted by the City Manager prior to the
beginning of the new fiscal year. Public meetings are conducted prior to its adoption by the
Council. Supplemental appropriations, where required during the period, are also approved by the
Council. Several supplemental appropriations were made during the year. Intrafund budget
changes are approved by the City Manager. In most cases, expenditures may not exceed
appropriations at the department level. At fiscal year-end all unencumbered operating budget
appropriations lapse with the exception of continuing appropriations.
General Fund expenditures may not legally exceed budgeted appropriations. Budgeted revenue
amounts, as presented in the accompanying basic financial statements, represent the original
budget as modified by adjustments during the year for those items which were contingent upon
new or additional revenue sources. Budgeted expenditure amounts represent original
appropriations adjusted for supplemental appropriations during the year.
b. Excess of expenditures over appropriations
Excess of expenditures over appropriations by department in individual funds with budgets
presented are as follows:
Final Budget Expenditures Excess
General Fund by Function:
General government 2,895,851$ 2,943,132$ (47,281)$
Public works 541,244 1,253,245 (712,001)
Community development 75,661 3,336,767 (3,261,106)
LLPD #2 by Function:
Capital outlay - 19,794 (19,794)
Governmental Funds - Major Fund
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 1: Summary of significant accounting policies (continued)
c. Negative fund balance and other disclosures
The following funds had negative fund balances at June 30, 2021:
Amount
Special revenue:
Community Facilities District 2003 (3,287,775)$
Special revenue:
CFD #2021-1 Public Safety (2,500)
Capital projects:
TUMF Capital Projects (8,926)
Debt service:
Assessment District 87-1 (459,047)
Governmental Funds - Non-Major Funds
Governmental Funds - Major Funds
The City plans to eliminate negative fund balance in the Community Facilities District 2003 fund
(currently covered by a loan from the General Fund) with increased revenues from future growth,
decreased future expenditures, and paying off the loan from the General Fund. The City plans to
eliminate negative fund balance in the TUMF Capital Projects fund with future cost
reimbursements. The City plans to eliminate negative fund balance in the Assessment District 87-
1 fund with the receipt of delinquent property taxes due to the sale of parcels, the possible
acceptance of a future Bond Tender offer, and a transfer from the General Fund for administrative
expenses not recovered. The City plans to eliminate negative fund balance in the CFD #2021-1
Public Safety fund with future assessment receipts.
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
III. DETAIL NOTES ON ALL FUNDS
Note 2: Cash and investments
Cash and investments as of June 30, 2021 are classified in the accompanying financial statements as
follows:
Statement of Net Position
Governmental activities:
Cash and investments 43,845,256$
Cash and investments with fiscal agents, restricted 61,020
Business-Type Activities:
Cash and investments 5,836,366
Total 49,742,642
Statement of Fiduciary Net Position:
Cash and investments 2,942,820
Cash and investments with fiscal agents 1,844,570
Total 4,787,390
Total cash and investments 54,530,032$
Cash and investments are comprised of the following:
Demand accounts/money market account 16,530,154$
Cash on hand 6,050
Investments 37,993,828
Total 54,530,032$
The City follows the practice of pooling cash and investments for all funds except for funds required to
be held by outside fiscal agents under the provisions of bond indentures.
Interest income earned on pooled cash and investments is allocated monthly by the City to the
various funds based on the month-end cash balance. Interest income from cash and investments with
fiscal agents is credited directly to the related fund.
Investments authorized by the California Government Code and the City’s investment policy
The table on the following page identifies the investment types that are authorized for the City’s
investment policy. The table also identifies certain provisions of the City’s investment policy that
address interest rate risk, credit risk and concentration of credit risk. This table does not address
investments of debt proceeds held by bond trustees that are governed by the provisions of debt
agreements of the City, rather than the general provisions of the California Government Code or the
City’s investment policy.
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 2: Cash and investments (continued)
Investments authorized by the California Government Code and the City’s investment policy,
(continued)
Maximum Maximum
Investment Types Maximum Percentage Investment
Authorized by State Law Maturity Allowed* in One Issuer
U.S. Treasury Obligations 5 years None None
U.S. Agency Securities 5 years None None
Commercial Paper 270 days 25% 5%
Bankers' Acceptance 180 days 40% 5%
Negotiable Certificates of Deposit 5 years 30% 5%
Non-Negotiable Certificates of Deposit 5 years 20% 5%
Certificate of Deposit Placement Service (CDARS) 5 years 30% None
Collateralized Bank Deposits N/A None None
Repurchase Agreements 1 year None None
Medium-Term Corporate Notes 5 years 30% 5%
Money Market Mutual Funds N/A 20% None
Municipal Obligations 5 years 30% 5%
Mutual Funds N/A 10% None
Supranationals 5 years 30% 10%
Asset-Backed Securities 5 years 20% None
Time Deposits N/A 20% None
Local Agency Investment Fund (LAIF) N/A 70% 75,000,000$
Riverside County Investment Fund N/A 70% None
JPA Pools N/A 50% None
California Asset Management Program N/A 50% None
*Based on state law requirements or investment policy requirements, whichever is more restrictive.
Investments authorized by debt agreements
Provisions of the debt agreements, rather than the general provisions of the California Government
Code or the City’s investment policy govern investment of debt proceeds held by bond trustees. The
table below identifies the investment types that are authorized for investments held by bond trustees.
The table also identifies certain provisions of these debt agreements that address interest rate risk,
credit risk, and concentration of credit risk.
Maximum Maximum
Authorized Maximum Percentage Investment
Investment Type Maturity Allowed in One Issuer
U.S. Treasury Obligations None None None
U.S. Agency Securities None None None
Commercial Paper 270 days None None
Money Market Mutual Funds N/A None None
Investment Agreements None None None
Certificates of Deposit, Savings Account None None None
Municipal Obligations None None None
Repurchase Agreements None None None
Local Agency Investment Fund (LAIF) None None 75,000,000$
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 2: Cash and investments (continued)
Disclosures relating to interest rate risk
Interest rate risk is the risk that changes in market interest rates will adversely affect the fair value of
an investment. Generally, the longer the maturity of an investment, the greater the sensitivity of its fair
value to changes in market interest rates. One of the ways that the City manages its exposure to
interest rate risk is by purchasing a combination of shorter term and longer term investments and by
timing cash flows from maturities so that a portion of the portfolio is maturing or coming close to
maturity evenly over time as necessary to provide the cash flow and liquidity needed for operations.
Information about the sensitivity of the fair values of the City’s investments (including investments held
by bond trustees) to market interest rate fluctuations is provided by the following table that shows the
distribution of the City’s investments by maturity:
Investment Type Totals 12 or Less 13 to 24 25 to 60 More than 60
Local Agency Investment Fund (LAIF) 15,444,604$ 15,444,604$ -$ -$ -$
U.S. Treasury Obligations 9,808,469 658,831 1,805,740 7,343,898 -
U.S. Agency Securities 9,314,401 824,307 2,675,163 5,814,931 -
Asset-Backed Securities 677,359 - 11,683 665,676 -
Medium-Term Corporate Notes 2,476,762 131,614 1,516,940 828,208 -
Supranational Bonds 230,083 - - 230,083 -
Held by Bond Trustees:
Money Market Funds 42,150 42,150 - - -
Total 37,993,828$ 17,101,506$ 6,009,526$ 14,882,796$ -$
Remaining Maturity (In Months)
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 2: Cash and investments (continued)
Disclosures relating to credit risk
Generally, credit risk is the risk that an issuer of an investment will not fulfill its obligation to the holder
of the investment. This is measured by the assignment of a rating by a nationally recognized statistical
rating organization (Standard & Poor’s). Presented below is the minimum rating required by (where
applicable) the City’s investment policy or debt agreements, and the actual rating as of year-end for
each investment type.
Minimum
Investment Type Totals legal rating AAA to AA- A+ to B Not rated
Local Agency Investment Fund (LAIF) 15,444,604$ N/A -$ -$ 15,444,604$
U.S. Treasury Obligations 9,808,469 N/A 9,808,469 - -
U.S. Agency Securities 9,314,401 N/A 9,314,401 - -
Asset Backed Securities 677,359 AA 343,003 - 334,356
Medium-Term Corporate Notes 2,476,762 A 1,465,116 1,011,646 -
Supranational Bonds 230,083 A 230,083 - -
Held by Bond Trustees:
Money Market Funds 42,150 AAA 42,150 - -
Total 37,993,828$ 21,203,222$ 1,011,646$ 15,778,960$
Rating as of year end
Concentration of credit risk
The investment policy of the City contains no limitations on the amount that can be invested in any
one issuer beyond that stipulated by the California Government Code. The City had no investments in
any one issuer (other than U.S. Treasury Securities, mutual funds and external investment pools) that
represented 5% or more of total City investments.
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 2: Cash and investments (continued)
Custodial credit risk
Custodial credit risk for deposits is the risk that, in the event of the failure of a depository financial
institution, a government will not be able to recover its deposits or will not be able to recover collateral
securities that are in the possession of an outside party. The custodial credit risk for investments is
the risk that, in the event of the failure of the counterparty (e.g., broker-dealer) to a transaction, a
government will not be able to recover the value of its investment or collateral securities that are in the
possession of another party. The California Government Code and the City’s investment policy do not
contain legal or policy requirements that would limit the exposure to custodial credit risk for deposits
or investments, other than the following provision for deposits: The California Government Code
requires that a financial institution secure deposits made by state or local governmental units by
pledging securities in an undivided collateral pool held by a depository regulated under state law
(unless so waived by the governmental unit). The market value of the pledged securities in the
collateral pool must equal at least 110% of the total amount deposited by the public agencies.
California law also allows financial institutions to secure City deposits by pledging first trust deed
mortgage notes having a value of 150 percent of the secured public deposits, and other eligible
securities as defined by Government Code Sections 53651 and 53652. At June 30, 2021, the City's
bank balances held in the financial institutions (Bank of Hemet, Mechanics Bank, and River City Bank)
were $13,191,373, $109,521 and $393,409, respectively.
With respect to investments, custodial credit risk generally applies only to direct investments in
marketable securities. Custodial credit risk does not apply to a City’s indirect investment in securities
through the use of mutual funds or government investment pools, including LAIF. Pursuant to the
agreement with financial institutions where certificates of deposit are held, the securities pledged are
consistent with the collateral as noted in the previous paragraph held by the financial institutions
custodian but not in the City’s name.
Investment in investment pools
The City is a voluntary participant in LAIF which is regulated by the California Government Code
under the oversight of the Treasurer of the State of California. The fair value of the City's investment
in this pool is reported in the accompanying financial statements at amounts based upon the City's
pro-rata share of the fair value provided by LAIF for the entire LAIF portfolio (in relation to the
amortized cost of that portfolio). The balance available for withdrawal is based on the accounting
records maintained by LAIF, which are recorded on an amortized cost basis.
LAIF is a governmental investment pool managed and directed by the California State Treasurer and
is not registered with the Securities and Exchange Commission. An oversight committee comprised of
California State officials and various participants provide oversight to the management of the fund.
The daily operations and responsibilities of LAIF fall under the auspices of the State Treasurer's
office. LAIF allows a total investment of $75,000,000.
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 2: Cash and investments (continued)
Fair value of investments
The City reports its investments at fair value, or amortized cost in the balance sheet. All investment
income, including changes in the fair value of investments, is recognized, as revenue in the operating
statement.
The City categorizes its fair value measurements within the fair value hierarchy established by
generally accepted accounting principles. The hierarchy is based on the valuation inputs used to
measure the fair value of the asset. Level 1 inputs are quoted prices in active markets for identical
assets; Level 2 inputs are significant other observable inputs; Level 3 inputs are significant
unobservable inputs. The City uses the market approach in valuing its Level 1 and Level 2
investments. The City has the following recurring fair value measurements as of June 30, 2021:
Total Level 1 Level 2
Asset-Back Securities 677,359$ -$ 677,359$
U.S. Agency Securities 9,314,401 - 9,314,401
Medium Team Corporate Notes 2,476,762 - 2,476,762
Supranational Bonds 230,083 - 230,083
U.S. Treasury Obligations 9,808,469 - 9,808,469
Total investments by fair value level 22,507,074 -$ 22,507,074$
Investments not subject to fair value measurement:
Money Market Fund 42,150
State investment pool 15,444,604
Total 37,993,828$
Fair Value Measurement Using
Investments by Fair Value Level
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 3: Capital assets
Capital asset activity for the year ended June 30, 2021 was as follows:
Balance at Balance at
June 30, 2020 Additions Deletions June 30, 2021
Governmental activities:
Capital assets not being depreciated:
Land 5,793,215$ 6,625$ -$ 5,799,840$
Construction in progress 8,214,967 4,547,786 (2,292,945) 10,469,808
Total capital assets not
being depreciated 14,008,182 4,554,411 (2,292,945) 16,269,648
Capital assets being depreciated:
Building and system 7,104,119 - - 7,104,119
Machinery and equipment 5,709,853 15,072 (202,702) 5,522,223
Improvements other than building 4,575,571 55,157 - 4,630,728
Infrastructure 193,404,645 2,288,189 - 195,692,834
Total capital assets
Being depreciated 210,794,188 2,358,418 (202,702) 212,949,904
Less accumulated depreciation for:
Building and system (2,771,134) (168,219) - (2,939,353)
Machinery and equipment (4,382,560) (264,142) 202,702 (4,444,000)
Improvements other than building (2,651,613) (208,054) - (2,859,667)
Infrastructure (110,009,713) (4,703,767) - (114,713,480)
Total accumulated depreciation (119,815,020) (5,344,182) 202,702 (124,956,500)
Total capital assets being depreciated, net 90,979,168 (2,985,764) - 87,993,404
Governmental activities capital assets, net 104,987,350$ 1,568,647$ (2,292,945)$ 104,263,052$
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 3: Capital assets (continued)
Balance at Balance at
Business-type activities: June 30, 2020 Additions Deletions June 30, 2021
Capital assets not being depreciated
Land 55,222$ -$ -$ 55,222$
Construction in progress - 17,538 - 17,538
Total capital assets not
being depreciated 55,222 17,538 - 72,760
Capital assets being depreciated:
Building and system 6,708,363 - - 6,708,363
Machinery and equipment 7,480,819 68,012 (124,479) 7,424,352
Improvements other than building 9,842,056 - - 9,842,056
Total capital assets
being depreciated 24,031,238 68,012 (124,479) 23,974,771
Less accumulated depreciation for:
Building and system (3,163,203) (133,739) - (3,296,942)
Machinery and equipment (3,193,887) (438,241) 124,479 (3,507,649)
Improvements other than building (4,577,543) (495,570) - (5,073,113)
Total accumulated depreciation (10,934,633) (1,067,550) 124,479 (11,877,704)
Total capital assets being depreciated, net 13,096,605 (999,538) - 12,097,067
Business-type activities capital assets, net 13,151,827$ (982,000)$ -$ 12,169,827$
Depreciation expense was charged to functions/programs of the primary government as follows:
Governmental activities:
General government 183,071$
Public safety 183,622
Public works 4,911,487
Community development 66,002
Total depreciation expense - governmental activities 5,344,182$
Business-type activities:
Water 828,537$
Sewer 238,043
CCA - Power 970
Total depreciation expense - business-type activities 1,067,550$
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 4: Other assets
Notes receivable Balance at
June 30, 2021
a) In FY 2006-2007 and FY 2007-2008 the former Redevelopment Agency
made a loan to a developer for a low and moderate income housing project.
Amounts provided to the developer were for $1,238,225 and $1,061,775 in
fiscal years 2007 and 2008, respectively. There are no annual set or
structured payments. The promissory note will accrue interest at the rate of
one percent per year simple interest and shall be repaid from the cash flow
of the project and shall be due and payable by the expiration or termination
of the affordability covenants which is 55 years from the completion of the
project. The project was completed on October 2, 2008. Pursuant to AB XI
26, the Redevelopment Agency of the City of San Jacinto was dissolved and
this asset was transferred to the City's Successor Housing Authority Fund.
$ 2,300,000
b) The former Redevelopment Agency operates various loan and grant
programs to assist residents who meet certain qualifications for the purpose
of providing home rehabilitation and home ownership assistance to low and
moderate income households. The loans are secured by a deed of trust and
no monthly payments are required. At the end of the 45-year term, the loans
are forgiven unless the following occurs during the grant term: 1) property is
sold or transferred or 2) property is no longer owner-occupied, at which time
full repayment would be required. Pursuant to AB XI 26, the Redevelopment
Agency of the City of San Jacinto was dissolved and this asset was
transferred to the City's Successor Housing Authority Fund. Additionally, the
asset has been formally recognized on the balance sheet, whereas in the
past it has only been referenced by note disclosure.
665,155
c) In FY 2019-2020, the City loaned a local business $180,000 in accordance
with its established policy of actively promoting economic development
within the City. The loan accrues interest at an equivalent of the prevailing
prime rate plus 2%. Provided the borrower maintains and operates during all
of the term and is not in default of any of the terms of the agreement, then, in
consideration of the public benefit received by the City, the total outstanding
balance of the loan shall be reduced by ten percent (10%) a year during the
term and the borrower shall not be required to make any payments to the
City during the term, and the entire unpaid balance of the loan and accrued
interest thereon shall be canceled and discharged on the loan's maturity
date, which shall be ten (10) years from the date of the promissory note.
160,000
Loans total
Accrued interest on note receivable - a) above
3,125,155
248,534
Loans receivable total $ 3,373,689
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 5: Defined benefit pension plan
A. General information about the pension plan
Plan description
All qualified permanent and probationary employees are eligible to participate in the Public Agency
Cost-Sharing Multiple-Employer Defined Benefit Pension Plan (Plan) administered by the California
Public Employees’ Retirement System (CalPERS.) The Plan consists of individual rate plans (benefit
tiers) within a safety risk pool (police and fire) and a miscellaneous risk pool (all other). Plan assets
may be used to pay benefits for any employer rate plan of the safety and miscellaneous pools.
Accordingly, rate plans within the safety or miscellaneous pools are not separate plans under GASB
Statement No. 68. Individual employers may sponsor more than one rate plan in the miscellaneous or
safety risk pools. The City sponsors four rate plans (three miscellaneous and one safety). Benefit
provisions under the Plan are established by State statute and the City resolution. CalPERS issues
publicly available reports that include a full description of the pension plan regarding benefit
provisions, assumptions and membership information that can be found on the CalPERS’ website, at
www.calpers.ca.gov.
Benefits provided
CalPERS provides service retirement and disability benefits, annual cost of living adjustments and
death benefits to plan members, who must be public employees and beneficiaries. Benefits are based
on years of credited service, equal to one year of full time employment. Members with five years of
total service are eligible to retire at age 50 with statutorily reduced benefits. All members are eligible
for non-duty disability benefits after 5 years of service. The death benefit is one of the following: the
Basic Death Benefit, the 1957 Survivor Benefit, or the Optional Settlement 2W Death Benefit. The
cost of living adjustments for each plan are applied as specified by the Public Employees’ Retirement
Law.
The Plan operates under the provisions of the California Public Employees’ Retirement Law (PERL),
the California Public Employees’ Pension Reform Act of 2013 (PEPRA), and the regulations,
procedures and policies adopted by the CalPERS Board of Administration. The Plan’s authority to
establish and amend the benefit terms are set by the PERL and PEPRA, and may be amended by the
California state legislature and in some cases require approval by the CalPERS Board.
The Plan’s provisions and benefits in effect at June 30, 2021 are summarized as follows:
Miscellaneous Plan
On or after
Hire date
Prior to
January 1, 2011
January 1, 2011
and prior to
January 1, 2013
On or after
January 1, 2013
Benefit formula 2.7% @ 55 2.7% @ 55 2.0% @ 62
Benefit vesting schedule 5 years of service 5 years of service 5 years of service
Benefit payments monthly for life monthly for life monthly for life
Retirement age 50-58 & up 50-55 52-67 & up
Monthly benefits, as a % of eligible compensation 2.0%-2.7% 2.0%-2.7% 1.0%-2.5%
Required employee contribution rates 7.954%6.906%6.750%
Required employer contribution rates 14.194%11.031%7.732%
Miscellaneous
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 5: Defined benefit pension plan (continued)
A. General information about the pension plan (continued)
Safety Plan
Hire date
Police Fire Police Fire
Benefit formula 3.0% @ 55 3.0% @ 55 2.7% @ 55 2.7% @ 55
Benefit vesting schedule 5 years of service 5 years of service 5 years of service 5 years of service
Benefit payments monthly for life monthly for life monthly for life monthly for life
Retirement age 50 50 50-57 50-57
Monthly benefits, as a % of eligible compensation 3.00% 3.00% 2.0% to 2.7% 2.0% to 2.7%
Required employee contribution rates $34,825 Monthly $34,825 Monthly $39,945 Monthly $39,945 Monthly
On or after
January 1, 2013
Safety-Inactive
Prior to
January 1, 2013
Contributions
Section 20814(c) of the California Public Employees’ Retirement Law (PERL) requires that the
employer contribution rates for all public employers be determined on an annual basis by the actuary
and shall be effective on the July 1 following notice of a change in the rate. The total plan
contributions are determined through CalPERS’ annual actuarial valuation process. For public agency
cost-sharing plans covered by either the Miscellaneous or Safety risk pools, the Plan’s actuarially
determined rate is based on the estimated amount necessary to pay the Plan’s allocated share of the
risk pool’s costs of benefits earned by employees during the year, and any unfunded accrued liability.
The employer is required to contribute the difference between the actuarially determined rate and the
contribution rate of employees. Employer contribution rates may change if plan contracts are
amended. Payments made by the employer to satisfy contribution requirements that are identified by
the pension plan terms as plan member contribution requirements are classified as plan member
contributions. Employer Contributions to the Plan for the fiscal year ended June 30, 2021 were
$1,597,244. The actual employer payments of $1,429,712 made to CalPERS by the City during the
measurement period ended June 30, 2020 differed from the City's proportionate share of the
employer’s contributions of $1,581,538 by ($151,826) which is being amortized over the expected
average remaining service lifetime in the Public Agency Cost-Sharing Multiple Employer Plan.
B. Net pension liability
The City's net pension liability for the Plan is measured as the total pension liability, less the pension
plan’s fiduciary net position. The net pension liability of the Plan is measured as of June 30, 2020,
using an annual actuarial valuation as of June 30, 2019 rolled forward to June 30, 2020 using
standard update procedures. A summary of principal assumptions and methods used to determine the
net pension liability is as follows.
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 5: Defined benefit pension plan (continued)
B. Net pension liability (continued)
Actuarial methods and assumptions used to determine total pension liability
Valuation Date June 30, 2019
Measurement Date June 30, 2020
Actuarial Cost Method Entry Age Normal
Asset Valuation Method Market Value of Assets
Actuarial Assumptions:
Discount Rate 7.15%
Inflation 2.50%
Salary Increases Varies by Entry Age and Service
Investment Rate of Return 7.15%
Mortality Rate Table (1)Derived using CALPERS' membership data for all funds
Post Retirement Benefit Increase
(1) The mortality table used was developed based on CalPERS’ specific data. The probabilities of mortality are based on
the 2017 CalPERS Experience Study for the period from 1997 to 2015. Pre-retirement and Post-retirement mortality rates
include 15 years of projected mortality improvement using 90% of Scale MP-2016 published by the Society of Actuaries.
For more details on this table, please refer to the CalPERS Experience Study and Review of Actuarial Assumptions report
from December 2017 that can be found on the CalPERS website.
Contract COLA up to 2.50% until purchasing power protection allowance on
purchasing power applies; 2.5% thereafter
All other actuarial assumptions used in the June 30, 2019 valuation were based on the results of an
actuarial experience study for the period from 1997 to 2015, including updates to salary increase,
mortality and retirement rates. The Experience Study report can be obtained at CalPERS’ website, at
www.calpers.ca.gov.
Long-term Expected Rate of Return
The long-term expected rate of return on pension plan investments was determined using a building-
block method in which expected future real rates of return (expected returns, net of pension plan
investment expense and inflation) are developed for each major asset class.
In determining the long-term expected rate of return, CalPERS took into account both short-term and
long-term market return expectations as well as the expected pension fund cash flows. Using
historical returns of all the funds’ asset classes, expected compound (geometric) returns were
calculated over the short-term (first 10 years) and the long-term (11+ years) using a building-block
approach. Using the expected nominal returns for both short-term and long-term, the present value of
benefits was calculated for each fund. The expected rate of return was set by calculating the rounded
single equivalent expected return that arrived at the same present value of benefits for cash flows as
the one calculated using both short-term and long-term returns. The expected rate of return was then
set equal to the single equivalent rate calculated above and adjusted to account for assumed
administrative expenses.
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 5: Defined benefit pension plan (continued)
B. Net pension liability (continued)
The expected real rates of return by asset class are as follows:
Asset Class1
New Strategic
Allocation
Real Return
Years 1 - 102
Real Return
Years 11+3
Global Equity 50.0% 4.80% 5.98%
Fixed Income 28.0% 1.00% 2.62%
Inflation Assets 0.0% 0.77% 1.81%
Private Equity 8.0% 6.30% 7.23%
Real Assets 13.0% 3.75% 4.93%
Liquidity 1.0% 0.00% (0.92%)
Total 100%
2 An expected inflation of 2.00% used for this period
3 An expected inflation of 2.92% used for this period
1 In the System's ACFR, fixed income is included in global debt securities; liquidity is included in short-term
investments; inflation assets are included in both global equity securities and global debt securities.
Change of Assumptions
The Plan adopted a new amortization policy effective with the 2019 actuarial valuation. The new
amortization policy shortens the period over which actuarial gains and losses are amortized from 30
years to 20 years with the payments computed as a level dollar amount. In addition, the new policy
does not utilize a five-year ramp-up and ramp-down on UAL bases attributable to assumption
changes and non-investment gains/losses. The new policy also does not utilize a five-year ramp-down
on investment gains/losses. These changes apply only to new UAL bases established on or after
June 30, 2019.
Discount rate
The discount rate used to measure the total pension liability for PERF C was 7.15%. The projection of
cash flows used to determine the discount rate assumed that contributions from plan members will be
made at the current member contribution rates and that contributions from employers will be made at
statutorily required rates, actuarially determined. Based on those assumptions, the Plan’s fiduciary net
position was projected to be available to make all projected future benefit payments of current plan
members. Therefore, the long-term expected rate of return on plan investments was applied to all
periods of projected benefit payments to determine the total pension liability.
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 5: Defined benefit pension plan (continued)
B. Net pension liability (continued)
Pension plan fiduciary net position
Information about the pension plan’s assets, deferred outflows of resources, liabilities, deferred
inflows of resources, and fiduciary net position are presented in CalPERS’ audited financial
statements, which are publicly available reports that can be obtained at CalPERS’ website, at
www.calpers.ca.gov. The plan’s fiduciary net position and additions to/deductions from the plan’s
fiduciary net position have been determined on the same basis used by the pension plan, which is the
economic resources measurement focus and the accrual basis of accounting. Benefits and refunds
are recognized when due and payable in accordance with the terms of the plan. Investments are
reported at fair value.
C. Proportionate share of net pension liability
The following table shows the Plan’s proportionate share of the net pension liability over the
measurement period.
Plan Total Pension
Liability (a)
Plan Fiduciary Net
Position (b)
Plan Net Pension Liability
(c ) = (a) - (b)
Balance at: 6/30/2019 (VD) 44,619,469$ 32,448,597$ 12,170,872$
Balance at: 6/30/2020 (MD) 46,341,516 33,404,212 12,937,304
Net changes during 2019-20 1,722,047 955,615 766,432
Valuation Date (VD), Measurement Date (MD)
Increase (Decrease)
The City's proportion of the net pension liability was determined by CalPERS using the output from
the Actuarial Valuation System and the fiduciary net position, as provided in the CalPERS Public
Agency Cost-Sharing Allocation Methodology Report, which is a publicly available report that can be
obtained at CalPERS’ website, at www.calpers.ca.gov. The City's proportionate share of the net
pension liability for the miscellaneous/safety Plan as of the June 30, 2019 and 2020 measurement
dates was as follows:
Miscellaneous Safety Total
Proportion - June 30, 2019 0.17949% 0.07983% 0.11877%
Proportion - June 30, 2020 0.17953% 0.08502% 0.11890%
Change - Increase (Decrease)0.00004%0.00519%0.00013%
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 5: Defined benefit pension plan (continued)
C. Proportionate share of net pension liability (continued)
Sensitivity of the proportionate share of the net pension liability to changes in the discount rate
The following presents the City's proportionate share of the net pension liability of the Plan as of the
measurement date, calculated using the discount rate of 7.15 percent, as well as what the net pension
liability would be if it were calculated using a discount rate that is 1 percentage-point lower (6.15
percent) or 1 percentage-point higher (8.15 percent) than the current rate:
Miscellaneous
Plan's Net Pension Liability 11,352,176$ 7,572,634$ 4,449,716$
Safety
Plan's Net Pension Liability 7,800,995 5,364,670 3,365,435
Total 19,153,171$ 12,937,304$ 7,815,151$
Discount Rate - 1% (6.15%)
Current Discount Rate
(7.15%)
Discount Rate + 1%
(8.15%)
Subsequent events
There were no subsequent events that would materially affect the results presented in this disclosure.
Amortization of Deferred Outflows and Deferred Inflows of Resources
Under GASB 68, gains and losses related to changes in total pension liability and fiduciary net
position are recognized in pension expense systematically over time.
The first amortized amounts are recognized in pension expense for the year the gain or loss occurs.
The remaining amounts are categorized as deferred outflows and deferred inflows of resources
related to pensions and are to be recognized in future pension expense.
The amortization period differs depending on the source of the gain or loss:
Difference between projected
and actual earnings
5 year straight-line amortization
All other amounts Straight-line amortization over the average expected
remaining service lives of all members that are
provided with benefits (active, inactive and retired) as
of the beginning of the measurement period
The expected average remaining service lifetime (EARSL) is calculated by dividing the total future
service years by the total number of plan participants (active, inactive, and retired) in the Public
Agency Cost-Sharing Multiple-Employer Plan (PERF C).
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 5: Defined benefit pension plan (continued)
C. Proportionate share of net pension liability (continued)
The EARSL for PERF C for the measurement period ending June 30, 2020 is 3.8 years, which was
obtained by dividing the total service years of 548,581 (the sum of remaining service lifetimes of the
active employees) by 145,663 (the total number of participants: active, inactive, and retired) in
PERF C. Inactive employees and retirees have remaining service lifetimes equal to 0. Total future
service is based on the members’ probability of decrementing due to an event other than receiving a
cash refund.
D. Pension expense and deferred outflows and deferred inflows of resources related to
pensions
As of the start of the measurement period (July 1, 2019), the City's net pension liability was
$12,170,872. For the measurement period ending June 30, 2020 (the measurement date), the City
incurred a pension expense of $1,903,569.
As of June 30, 2021, the City has deferred outflows and deferred inflows of resources related to
pensions as follows:
Deferred Outflows Deferred Inflows
of Resources of Resources
Differences between expected and actual experience 806,243$ -$
Changes of assumptions - 71,881
Differences between projected and actual investment
earnings 341,554 -
Differences between employer's contributions and
proportionate share of contributions 103,433 376,580
Change in employer's proportion 91,790 91,658
Pension contributions subsequent to measurement date 1,597,244 -
2,940,264$ 540,119$
These amounts above are net of outflows and inflows recognized in the 2019-20 measurement period
expense. Contributions subsequent to the measurement date of $1,597,244 reported with deferred
outflows of resources will be recognized as a reduction of the net pension liability in the upcoming
fiscal year. Other amounts reported as deferred outflows and deferred inflows of resources related to
pensions will be recognized in future pension expense as follows:
Fiscal Year
Ending June 30:Miscellaneous Safety Total
2022 54,685$ (20,325)$ 34,360$
2023 232,185 93,418 325,603
2024 180,532 96,090 276,622
2025 107,896 58,420 166,316
2026 - - -
Thereafter - - -
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 5: Defined benefit pension plan (continued)
E. Payable to the pension plan
At June 30, 2021, the City reported a payable of $0 for the outstanding amount of contributions to the
pension plan required for the year ended June 30, 2021.
Note 6: Long-term liabilities
a. Changes in long-term liabilities
Changes in long-term liabilities during the year ended June 30, 2021 were as follows:
Balance at Balance at Due within
June 30, 2020 Additions Deletions June 30, 2021 one year
Governmental activities
Long-term debt
Direct borrowing:
2018 Street Light Financing 2,151,619$ -$ (110,372)$ 2,041,247$ 116,628$
Subtotal long-term debt 2,151,619 - (110,372) 2,041,247 116,628
Other long-term liabilities
Special assessment debt with
governmental commitment 455,000 - - 455,000 455,000
Matured unpaid interest on special
assessment debt with government
commitment 629,259 - - 629,259 -
2014 pension obligation bonds 354,861 - (282,115) 72,746 72,746
Capital Lease - Storm Drain 402,436 - (94,930) 307,506 98,619
Claims and judgment 165,067 62,045 (23,515) 203,597 -
Compensated absences 325,233 82,136 (64,142) 343,227 143,816
Subtotal other long-term
liabilities 2,331,856 144,181 (464,702) 2,011,335 770,181
Total Long-term liabilities 4,483,475$ 144,181$ (575,074)$ 4,052,582$ 886,809$
Business-type activities
Long-term debt
Direct borrowing:
2013 Installment sale 431,648$ -$ (137,605)$ 294,043$ 144,996$
2015 Installment sale 3,445,261 - (160,575) 3,284,686 134,207
Subtotal long-term debt 3,876,909 - (298,180) 3,578,729 279,203
Other long-term liabilities
Capital Lease - Sewer 340,474 - (80,313) 260,161 83,435
Compensated absences 84,923 19,880.00 (26,839) 77,964 47,391
Subtotal other long-term
liabilities 425,397 19,880 (107,152) 338,125 130,826
Total Long-term liabilities 4,302,306$ 19,880$ (405,332)$ 3,916,854$ 410,029$
The General Fund typically liquidates compensated absences, claims and judgements of the
Governmental Activities.
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 6: Long-term liabilities (continued)
b. Special assessment debt with government commitment
$1,415,000 Assessment District 87-1 Bonds, Series 1987 A, dated March 19, 1987, were issued
to finance certain improvements pursuant to the Improvement Bond Act of 1915. The payment of
the bonds is secured by assessment liens upon certain lands as described in said assessment
and are not direct liabilities of the City. The City may, however, from time to time, when due and
delinquent, advance available funds to pay the amount of any succeeding installment of the
assessment on said land and the interest thereon on the 1915 bonds. Prior to the fiscal year
ended June 30, 1995, the City of San Jacinto advanced funds for said delinquencies. During the
fiscal year ended June 30, 1995 the City did not advance further amounts to the reserve fund and
had commenced foreclosure proceedings. The City has since settled $670,000 of the principal,
due to a completed Bond Tender agreement in exchange for a portion of the parcels.
In accordance with GASB Statement No. 6 “Special Assessments,” the special assessment debt
has been reflected in the accompanying financial statements at June 30, 2021 as “Special
Assessment Debt with Government Commitment” in the amount of $1,084,259. This includes an
amount of matured unpaid principal of $455,000. Matured unpaid interest on these bonds is also
reported for interest payments due but not paid as of June 30, 2021, in the amount of $629,259.
These balances have been outstanding for several years and as such, the City has recorded the
corresponding taxes receivable of $1,084,259 in addition to unavailable revenue in the same
amount on the Governmental Funds Balance Sheet.
c. 2014 Pension Obligation Bonds - Governmental activities
In June 2014, the City issued City of San Jacinto 2014 Taxable Pension Obligation Bond in the
aggregate principal amount of $1,800,000. The City issued the bonds in order to provide funds to
refinance the PERS Side Fund Obligation of the City with respect to the City’s public safety
employees and to pay the costs of issuance.
The bonds are dated June 12, 2014 and mature on July 1, 2021 in the principal amount and bear
interest at the interest rate of 5.00% per annum.
Future debt service requirements for pension obligation bonds outstanding are as follows:
Fiscal year Total
ending June 30, Principal Interest Payment
2022 72,746$ 909$ 73,655$
Total 72,746$ 909$ 73,655$
Pension Obligation Refunding Bonds
In the event of default, the bond owner may declare any outstanding bonds, along with accrued
interest, to be due and payable immediately.
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 6: Long-term liabilities (continued)
d. Installment Sales - Business-type activities
2013 Installment Sale - Direct Borrowing
In August 2013, the City signed an installment sale agreement with Zions Bank in the amount of
$3,084,793, maturing in 10 years at an annual interest rate of 2.75%. The proceeds were used to
refinance the outstanding 1997 Water Revenue Bonds and 2002 Water Revenue Bonds, in the
amounts of $1,805,000 and $1,125,000, respectively, and pay costs of issuance related to the
agreement. Interest was also paid in the amounts of $49,638 and $28,530, respectively. There
was an optional redemption fee of $5,625 for the 2002 bonds, but nothing for the 1997 bonds. Net
revenues of the City’s Water Enterprise have been pledged to the payment of the installment
payments.
The annual debt service requirements to maturity for the installment sale are as follows:
Fiscal year Total
ending June 30, Principal Interest Payment
2022 144,996$ 8,018$ 153,014$
2023 147,080 4,050 151,130
2024 1,967 27 1,994
Totals 294,043$ 12,095$ 306,138$
2013 Installment Sale
The City may prepay the principal component of the installment payments in whole or in part, on
any date on or after October 1, 2018 by paying installment payments required to be paid on such
date plus accrued interest to the date set for prepayment, with no prepayment premium.
In the event of default, installment owner may declare all principal components of the unpaid
installment payments, together with accrued interest thereon at the rate of interest per annum
represented by the installment sale from the immediately preceding installment payment date on
which payment was made, to be immediately due and payable, whereupon the same shall
immediately become due and payable.
2015 Installment Sale - Direct Borrowing
In July 2015, the City signed an installment sale agreement with Municipal Finance Corporation in
the amount of $3,902,310, maturing in 20 years at an annual interest rate of 3.5%. The proceeds
are to be used for the acquisition and construction of certain energy efficiency improvements to
the water supply facilities of the City’s Water Enterprise. Net revenues of the City’s Water
Enterprise have been pledged to the payment of the installment payments.
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 6: Long-term liabilities (continued)
d. Installment Sales - Business-type activities (continued)
2015 Installment Sale - Direct Borrowing, (continued)
The annual debt service requirements to maturity for the installment sale are as follows:
Fiscal year Total
ending June 30, Principal Interest Payment
2022 134,207$ 113,481$ 247,688$
2023 106,964 109,386 216,350
2024 121,950 105,515 227,465
2025 138,090 101,109 239,199
2026 155,456 96,128 251,584
2027-2031 1,086,634 382,571 1,469,205
2032-2036 1,541,385 143,006 1,684,391
Total 3,284,686$ 1,051,196$ 4,335,882$
Opterra Installment Sale
The City may prepay the principal components of the installment payments in whole or in part, on
any date on or after September 1, 2026 by paying the installment payment required to be paid on
such date plus a prepayment price equal to the principal amount of the installment payments to be
prepaid, together with 1% prepayment premium thereon. The City shall give the Corporation
written notice of its intention to exercise its option not less than thirty days in advance of the date
to exercise.
In the event of default, installment owner may declare all principal components of the unpaid
installment payments, together with accrued interest thereon at the rate of interest per annum
represented by the installment sale from the immediately preceding installment payment date on
which payment was made, to be immediately due and payable, whereupon the same shall
immediately become due and payable.
e. 2018 Streetlight Equipment Purchase Agreement - Direct Borrowing
In September 2018 the City signed an equipment lease/purchase agreement with Banc of America
Leasing & Capital LLC in the amount of $2,170,813. The purpose of the agreement was to provide
financing to the City to assist in the acquisition, installation, retrofitting, repair, improvement,
servicing and maintenance of streetlights and other capital improvements. The interest and
principal are due semi-annually with payments due on December 1 and June 1 each year.
Principal and interest payments will be made through December 1, 2033 with total annual
amounts of $229,126, and $114,563 in the final year. The interest rate of the debt is currently
5.59%.
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 6: Long-term liabilities (continued)
e. 2018 Streetlight Equipment Purchase Agreement - Direct Borrowing (continued)
Repayment under the Agreement shall be absolute and unconditional, subject to annual
appropriation, repayments will be made from the City's general fund plus any other legally
available funds of the City.
The annual debt service requirements on this debt are as follows:
Fiscal year Total
ending June 30, Principal Interest Payment
2022 116,628$ 112,498$ 229,126$
2023 123,238 105,888 229,126
2024 130,223 98,903 229,126
2025 137,605 91,521 229,126
2026 145,405 83,722 229,127
2027-2031 860,398 285,233 1,145,631
2032-2034 527,750 45,065 572,815
Total 2,041,247$ 822,830$ 2,864,077$
Street Light Financing
f. Vactor Truck Capital Lease
In June 2019 the City signed a capital lease agreement with Municipal Finance Corporation to
fund the acquisition of two cleaning vehicles for the Wastewater and Storm Water divisions, in the
amount of $911,595. Interest and principal are due semi-annually with payments due on
December 28 and June 28 each year. Principal and interest payments will be made through
June 28, 2028 with total annual amounts of $202,174. The interest rate of the debt is currently
3.85%.
Should the City fail to pay any part of the Rental Payments herein within fifteen days from the due
date thereof, the City shall upon Municipal Finance Corporation's written request, pay interest on
such delinquent Rental Payment from the date said Rental Payment was due until paid at the rate
of twelve percent (12%) per annum or the maximum legal rate, whatever is less. The City shall
pay Rental Payments exclusively from legally available funds, in lawful money of the United States
of America, to the Corporation.
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 6: Long-term liabilities (continued)
f. Vactor Truck Capital Lease (continued)
The calculation of the present value of the future lease payments for governmental activities are
as follows:
Governmental
activities - Storm Drain
2022 109,518$
2023 109,518
2024 109,517
Subtotal 328,553
Less: amount representing interest (21,047)
Present value of future lease payments 307,506$
Future minimum lease payments
for the year ending June 30,
Accumulated depreciation on assets purchased through lease agreements are as follows:
Assets:
Vehicles 493,813$
Less: accumulated depreciation (128,597)
Total 365,216$
The calculation of the present value of the future lease payments for business-type activities are
as follows:
Business-type
activities - Wastewater
2022 92,656$
2023 92,656
2024 92,656
Subtotal 277,968
Less: amount representing interest (17,807)
Present value of future lease payments 260,161$
Future minimum lease payments
for the year ending June 30,
Accumulated depreciation on assets purchased through lease agreements are as follows:
Assets:
Vehicles 492,782$
Less: accumulated depreciation (107,796)
Total 384,986$
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 6: Long-term liabilities (continued)
g. Debt issued without government commitment
Refinancing of $17,841,416 Community Facilities District No. 2001-2 Special Tax Bonds
In March 2016, $17,975,000 City of San Jacinto Community Facilities District No. 2001-1 (Rancho
San Jacinto, Phase 2) 2016 Special Tax Refunding bonds were issued by the San Jacinto
Financing Authority for the purpose of refunding the $17,841,416 San Jacinto Financing Authority
2002 Local Agency Revenue Bonds, Series A. The balance at June 30, 2021 is $15,335,000.
All bonds represent special limited obligations of the City, payable solely from special taxes levied
CFD No. 2002-1, as applicable, and are not an obligation of the General Fund of the City of San
Jacinto. The City has covenanted to annually levy the special tax and, in the event of any
delinquency in payment to the City of the special tax, the City may order action to foreclose on any
property liens.
Note 7: Short-term/long-term interfund borrowings
Interfund transactions - Due to/due from other funds
Individual fund interfund receivable and payable balances at June 30, 2021 were as follows:
Receivable Fund
General
Payable Fund Fund
Non-Major Governmental Funds 587,746$
CCA Start Up 1,270,250
Total 1,857,996$
The interfund payables represent temporary loans to cover negative cash balances.
Interfund transactions - Advances
Individual fund interfund advances to and from balances at June 30, 2021 were as follows:
Non-Major
General Governmental
Payable Fund Fund Funds Totals
City Capital Projects Fund 1,919,909$ 4,555,896$ 6,475,805$
Community Facilities District 2003 Fund 2,716,464 - 2,716,464
Total 4,636,373$ 4,555,896$ 9,192,269$
Receivable Fund
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 7: Short-term/long-term interfund borrowings (continued)
Advances between the City Capital Projects Fund and other City funds are for cash advanced to the
City Capital Projects Fund for expected project costs. Also, see Note 1.
The General Fund has advanced cash to the Community Facilities District 2003 Fund to cover costs.
Note 8: Transfers in and out
Individual fund transfers in and transfers out activity as of June 30, 2021 were as follows:
Non-Major Internal
General Governmental Service
Transfers-In Fund Funds Funds Totals
General Fund -$ 333,507$ 50,000$ 383,507$
City Capital Projects Fund 891,522 4,193,410 - 5,084,932
Community Facilities District 2003 Fund - 221,089 - 221,089
Non-Major Governmental Funds 9,666 - - 9,666
Enterprise - Non-Major Funds 1,965 - - 1,965
Internal Service Funds 137,940 - - 137,940
Total 1,041,093$ 4,748,006$ 50,000$ 5,839,099$
Transfers-Out
Transfers to the General Fund from non-major governmental funds represent reimbursement
for costs of public safety and grant reimbursement costs.
Transfers to the City Capital Projects Fund from all other City funds are to fund various capital
projects of the City. Also, see Note 1.
Transfers to the Community Facilities District 2003 fund from non-major governmental funds
are to pay for operational costs, as directed by City Council.
Transfers to the Enterprise - Non-Major Funds from the General Fund are to cover negative
cash balance.
Transfers to Internal Service Funds from the General Fund are to reimburse costs of
replacement equipment.
4.1.a
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
IV. OTHER DISCLOSURES
Note 9: Risk management
The City adopted a self-insured workers’ compensation program which is administered by a service
agent. The City is self-insured for the first $250,000 on each claim. Insurance coverage in excess of
the self-insured amount is provided by Public Entity Risk Management Authority (PERMA) up to
statutory limits for workers’ compensation.
Effective July 1, 2002, the City elected to reduce self-insured liability claim coverage from $125,000 to
$50,000 on each general liability claim against the City. The insurance coverage in excess of the self-
insured amount is provided by PERMA up to a limit of $50,000,000.
Claims, expenditures and liabilities are reported when it is probable that a loss has occurred and the
amount of that loss can be reasonably estimated. These losses include an estimate of claims that
have been incurred but not reported. At June 30, 2021, the amount of these liabilities was $203,597.
This amount represents an estimate of $203,597 for reported claims through June 30, 2021. These
claims are recorded as claims payable in the Workers’ Compensation Fund and Liability Insurance
Fund. This liability is the City’s best estimate based on available information. Changes in the reported
liability are as follows:
Change In
Liability at Claim Liability at
Year Beginning of Year Payable End of Year
2018-2019 317,436$ (143,317)$ 174,119$
2019-2020 174,119 (9,052) 165,067
2020-2021 165,067 38,530 203,597
Effective July 1, 1986 the City became a member of PERMA, a public entity risk pool, currently
operating as a common risk management and insurance program for 20 California cities and 10
Special District/Agencies. The City pays an annual premium to the pool for its excess general liability
insurance coverage. The agreement for formation of PERMA provides that the pool will be self-
sustaining through member premiums. The City continues to carry commercial companies for all other
risks of loss, including property insurance, earthquake and flood, auto physical damage insurance and
TULIP/special events insurance.
PERMA has published its own financial report for the year ended June 30, 2021, which can be
obtained from Public Entity Risk Management Authority, 36-951 Cook Street, Suite 101, Palm Desert,
CA 92211.
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 10: Commitments and contingencies
a. Construction commitments
The City has entered into various commitments for construction and/or capital projects. As of
June 30, 2021, the City had outstanding contracts commitments of $445,125.
b. Grants
Amounts received or receivable from grant agencies are subject to audit and adjustment by grantor
agencies, principally the federal government. Any disallowed claims, including amounts already
collected, may constitute a liability of the applicable funds. The amount, if any, of expenditures
which may be disallowed by the grantor cannot be determined at this time although the City
expects such amounts, if any, to be immaterial.
c. Other
The City is involved as a defendant in various legal proceedings. While it is not feasible to predict
or determine the outcome in these cases, it is the opinion of the City that the outcome of the
majority of these cases will have no material adverse effect on the financial position of the City.
Note 11: Fund balance reservations/designations
The City’s Government Fund balances are detailed below:
City Community Successor Non-Major Total
Capital Facilities Housing Assessment Governmental Governmental
General Projects District 2003 Authority LLPD #2 District 2003-01 Funds Funds
Nonspendable:
Prepaids/Inventory 77,781$ -$ -$ -$ -$ -$ -$ 77,781$
Total nonspendable 77,781 - - - - - - 77,781
Restricted:
Land held for resale - - - 339,807 - - - 339,807
Lighting and landscape - - - - 8,228,819 - - 8,228,819
Advances receivable 2,777,484 - - - - - - 2,777,484
Other government restrictions - - - 231,618 - 6,823,901 9,870,554 16,926,073
Total restricted 2,777,484 - - 571,425 8,228,819 6,823,901 9,870,554 28,272,183
Assigned: - - - - - - 1,501,332 1,501,332
Unassigned:10,602,712 - (3,287,775) - - - 685,686 8,000,623
Total fund balances 13,457,977$ -$ (3,287,775)$ 571,425$ 8,228,819$ 6,823,901$ 12,057,572$ 37,851,919$
The City has established a minimum fund balance policy for the General Fund Contingency Reserve.
The City Council stipulates that the Contingency Reserve must be a minimum of 15 percent of the
upcoming fiscal year's General Fund annual budgeted operating expenditures. At fiscal year-end the
Reserve for Contingency balance was $3,921,315, 18.4 percent of fiscal year June 30, 2021
budgeted General Fund operating expenditures. This reserve has been reported as unassigned in the
General Fund.
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 12: Dissolution of California Redevelopment Agencies
On December 29, 2011, the California Supreme Court upheld Assembly Bill X1 26 (Bill) that provides
for the dissolution of all redevelopment agencies in the State of California. Most cities in California had
established a redevelopment agency that was included in the reporting entity of the City as a blended
component unit (since the City council, in many cases, also served as the governing board for those
agencies).
In accordance with the timeline set forth in the Bill (as modified by the California Supreme Court on
December 29, 2011) all redevelopment agencies in the State of California were dissolved and ceased
to operate as a legal entity as of February 1, 2012.
In accordance with the provisions of ABX 1 26 (Bill) and the California Supreme Court’s decision to
uphold the Bill, the obligations of the former redevelopment agency became vested with the funds
established for the successor agency upon the date of dissolution, February 1, 2012. Former tax
increment revenues pledged to fund the debts of the former redevelopment agency will be distributed
to the Successor Agency subject to the reapportionment of such revenues as provided by the Bill.
The debt of the Successor Agency as of June 30, 2021 is as follows:
Balance at Balance at Due within
June 30, 2020 Additions Deletions June 30, 2021 one year
Successor agency
Bonds payable:
2005 Tax Allocation Bonds 6,220,000$ -$ (300,000)$ 5,920,000$ 310,000$
Total long-term liabilities 6,220,000$ -$ (300,000)$ 5,920,000$ 310,000$
Future debt service requirements for the bonds payable are as follows:
Fiscal year Total
ending June 30, Principal Interest Payment
2022 310,000$ 264,015$ 574,015$
2023 325,000 249,728 574,728
2024 340,000 234,765 574,765
2025 355,000 219,128 574,128
2026 370,000 202,630 572,630
2027-2031 2,130,000 734,390 2,864,390
2032-2035 2,090,000 197,730 2,287,730
Totals 5,920,000$ 2,102,386$ 8,022,386$
2005 Tax Allocation Bonds
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City of San Jacinto
Notes to the Basic Financial Statements
June 30, 2021
Note 13: Risks and uncertainties
Successor Agency
Deductions (expenses) incurred by the Successor Agency for the year ended June 30, 2021 (and
subsequent years in which the Successor Agency is in operation) are subject to review by various
State agencies and the County in which the Successor Agency resides. If any expenses incurred by
the Successor Agency are disallowed by the State agencies or County, the City, acting as the
Successor Agency could be liable for the repayment of the disallowed costs from either its own funds
or by the State withholding remittances normally paid to the City. The amount, if any, of expenses that
may be disallowed by the State agencies or County cannot be determined at this time, although the
Successor Agency expects such amounts, if any, to be immaterial.
Note 14: Contingencies
COVID-19 considerations
On March 11, 2020, the World Health Organization declared the novel strain of coronavirus (COVID-
19) a global pandemic and recommended containment and mitigation measures worldwide. The
COVID-19 outbreak in the United States caused business disruption through mandated and voluntary
closings of businesses and shelter in place orders. The City's major revenue sources could still be
directly impacted by these events; it is possible that this matter could negatively impact the City.
However, the ultimate financial impact and duration cannot be estimated at this time, and no
adjustments have been made to these financial statements as a result of this contingency.
Note 15: Subsequent Event
On March 11, 2021, HR 1319, the American Rescue Plan Act of 2021 (ARPA), was signed into law.
ARPA was designed to provide assistance to individuals, businesses and, state and local
governments to assist in the economic recovery from the ongoing COVID-19 pandemic. The City was
granted an allocation of $11,773,274, delivered in two tranches of $5,886,637 in July 2021 and July
2022. The qualified use of these funds includes public safety, infrastructure, and restoration of
services to pre-pandemic levels.
Note 16: Prior Period Adjustment
As a result of GASB 84 implementation, as discussed in Note 1, beginning fiduciary net position has
been restated as follows:
Fiduciary Statement of Net Position
Net position, beginning of year, as previously reported -$
Prior period adjustment 3,068,375
Net position, beginning of year, as restated 3,068,375$
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Required Supplementary Information
4.1.a
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Required Supplementary Information
City of San Jacinto
Budgetary Comparison Schedule - General Fund
For the Year Ended June 30, 2021
Actual Variance with
Original Final Amounts Final Budget
REVENUES
Taxes 8,473,035$ 8,473,035$ 10,994,542$ 2,521,507$
Licenses and permits 1,038,450 1,038,450 1,982,592 944,142
Fines and forfeitures 200,000 200,000 291,475 91,475
Development fees 112,500 112,500 273,286 160,786
Intergovernmental 4,853,658 5,109,158 5,298,582 189,424
Charges for services 494,689 494,689 1,569,613 1,074,924
Investment earnings 250,000 250,000 (382,187) (632,187)
Other/Overhead Allocations 3,859,169 3,657,352 3,451,281 (206,071)
Total revenues 19,281,501 19,335,184 23,479,184 4,144,000
EXPENDITURES
Current:
General government 3,099,634 2,895,851 2,943,132 (47,281)
Public safety 12,686,456 13,378,388 13,025,224 353,164
Public works 575,478 541,244 1,253,245 (712,001)
Community development 4,037,762 75,661 3,336,767 (3,261,106)
Culture and leisure 88,091 84,988 83,665 1,323
Debt service:
Principal 487,416 487,416 487,417 (1)
Interest 145,851 145,851 145,851 -
Capital outlay 5,000 805,000 52,292 752,708
Total expenditures 21,125,688 18,414,399 21,327,593 (2,913,194)
Excess (deficiency) of revenues
over (under) expenditures (1,844,187) 920,785 2,151,591 1,230,806
OTHER FINANCING SOURCES (USES)
Proceeds from the sale of property 20,000 20,000 34,437 14,437
Transfers in 593,319 1,393,319 383,507 (1,009,812)
Transfers out (2,348,189) (3,036,245) (1,041,093) 1,995,152
Total other financing sources (uses) (1,734,870) (1,622,926) (623,149) 999,777
Net change in fund balance (3,579,057) (702,141) 1,528,442 2,230,583
Fund balance, beginning of year 11,929,535 11,929,535 11,929,535 -
Fund balance, end of year 8,350,478$ 11,227,394$ 13,457,977$ 2,230,583$
Budgeted Amounts
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Required Supplementary Information
City of San Jacinto
Budgetary Comparison Schedule - Community Facilities District 2003 Fund
For the Year Ended June 30, 2021
Actual Variance with
Original Final Amounts Final Budget
REVENUES
Assessments 2,614,000$ 2,614,000$ 2,877,811$ 263,811$
Other/overhead allocations - - 389,529 389,529
Total revenues 2,614,000 2,614,000 3,267,340 653,340
EXPENDITURES
Current:
General government 27,797 27,797 27,749 48
Public safety 3,309,263 3,309,263 3,216,108 93,155
Debt service:
Interest 60,000 60,000 18,506 41,494
Total expenditures 3,397,060 3,397,060 3,262,363 134,697
Excess (deficiency) of revenues
over (under) expenditures (783,060) (783,060) 4,977 788,037
OTHER FINANCING SOURCES (USES)
Transfers in 155,160 155,160 221,089 65,929
Total other financing sources (uses) 155,160 155,160 221,089 65,929
Net change in fund balance (627,900) (627,900) 226,066 853,966
Fund balance (deficit), beginning of year (3,513,841) (3,513,841) (3,513,841) -
Fund balance, end of year (4,141,741)$ (4,141,741)$ (3,287,775)$ 853,966$
Budgeted Amounts
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Required Supplementary Information
City of San Jacinto
Budgetary Comparison Schedule - Successor Housing Authority
For the Year Ended June 30, 2021
Actual Variance with
Original Final Amounts Final Budget
REVENUES
Investment earnings 2,575$ 2,575$ 10,173$ 7,598$
Total revenues 2,575 2,575 10,173 7,598
EXPENDITURES
Current:
General government 13,000 13,000 6,280 6,720
Total expenditures 13,000 13,000 6,280 6,720
Net change in fund balance (10,425) (10,425) 3,893 14,318
Fund balance, beginning of year 567,532 567,532 567,532 -
Fund balance, end of year 557,107$ 557,107$ 571,425$ 14,318$
Budgeted Amounts
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Required Supplementary Information
City of San Jacinto
Budgetary Comparison Schedule - LLPD #2 Fund
For the Year Ended June 30, 2021
Actual Variance with
Original Final Amounts Final Budget
REVENUES
Assessments 3,912,598$ 3,912,598$ 3,903,249$ (9,349)$
Development fees 4,000 4,000 4,090 90
Investment earnings 109,500 109,500 91,700 (17,800)
Total revenues 4,026,098 4,026,098 3,999,039 (27,059)
EXPENDITURES
Current:
Community development 5,777,990 4,515,405 3,581,139 934,266
Capital outlay - - 19,794 (19,794)
Total expenditures 5,777,990 4,515,405 3,600,933 914,472
Net change in fund balance (1,751,892) (489,307) 398,106 887,413
Fund balance, beginning of year 7,830,713 7,830,713 7,830,713 -
Fund balance, end of year 6,078,821$ 7,341,406$ 8,228,819$ 887,413$
Budgeted Amounts
4.1.a
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Required Supplementary Information
City of San Jacinto
Budgetary Comparison Schedule - Assessment District 2003-01 Fund
For the Year Ended June 30, 2021
Actual Variance with
Original Final Amounts Final Budget
REVENUES
Assessments 1,000,421$ 1,000,421$ 999,039$ (1,382)$
Investment earnings 95,500 95,500 76,402 (19,098)
Total revenues 1,095,921 1,095,921 1,075,441 (20,480)
EXPENDITURES
Current:
Public works 43,929 43,929 42,275 1,654
Total expenditures 43,929 43,929 42,275 1,654
Net change in fund balance 1,051,992 1,051,992 1,033,166 (18,826)
Fund balance, beginning of year 5,790,735 5,790,735 5,790,735 -
Fund balance, end of year 6,842,727$ 6,842,727$ 6,823,901$ (18,826)$
Budgeted Amounts
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Required Supplementary Information
City of San Jacinto
Schedule of the City's Proportionate Share of the Plan's Net Pension Liability and
Related Ratios as of the Measurement Date - Last 10 Years*
For the Year Ended June 30, 2021
Measurement
Date
Employer's
Proportion of
the Collective
Net Pension
Liability1
Employer's
Proportionate
Share of the
Collective Net
Pension Liability
Employer's
Covered Payroll2
Employer's
Proportionate
Share of the
Collective Net
Pension Liability
as a percentage
of the Employer's
Covered Payroll
Pension Plan's
Fiduciary Net
Position as a
percentage of the
Total Pension
Liability
Miscellaneous Plan
6/30/2014 0.18099% 4,473,080$ 3,036,159$ 147% 76.82%
6/30/2015 0.19300% 5,294,972 2,908,424 182% 73.75%
6/30/2016 0.18182% 6,316,067 2,317,063 273% 70.82%
6/30/2017 0.17913% 7,061,261 2,804,241 252% 69.75%
6/30/2018 0.18044% 6,800,330 3,119,387 218% 72.25%
6/30/2019 0.17949% 7,187,759 3,810,207 189% 73.22%
6/30/2020 0.17953% 7,572,634 4,262,727 178% 73.34%
Safety Plan (Inactive)
6/30/2014 0.07000% 2,516,462$ -$ - 0.00%
6/30/2015 0.07447% 3,068,587 - - 80.89%
6/30/2016 0.07781% 4,030,026 - - 75.83%
6/30/2017 0.07720% 4,613,123 - - 74.46%
6/30/2018 0.07932% 4,654,165 - - 74.14%
6/30/2019 0.07983% 4,983,113 - - 71.97%
6/30/2020 0.08052% 5,364,670 - - 70.10%
1 Proportion of the collective net pension liability represents the plan's proportion of PERF C, which includes
both the Miscellaneous and Safety Risk Pools excluding the 1959 Survivors Risk Pool.
2 Covered payroll is defined as the payroll on which contributions to a pension plan are based, in accordance with GASB 82.
* Measurement date 6/30/2014 (fiscal year 2015) was the first year of implementation. Additional years will be
presented as information becomes available.
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Required Supplementary Information
City of San Jacinto
Schedule of Plan Contributions - Last 10 Years*
For the Year Ended June 30, 2021
Fiscal
Year
Actuarially
Determined
Contribution
Contributions in
Relation to the
Actuarially
Determined
Contribution
Contribution
Deficiency
(Excess) Covered payroll
1
Contributions
as a
percentage of
covered
payroll1
Miscellaneous Plan
6/30/2015 640,721$ (640,721)$ -$ 2,908,424$ 22.03%
6/30/2016 613,674 (613,674) - 2,317,063 26.48%
6/30/2017 691,841 (691,841) - 2,804,241 24.67%
6/30/2018 738,923 (738,923) - 3,119,387 23.69%
6/30/2019 876,180 (876,180) - 3,810,207 23.00%
6/30/2020 1,012,917 (1,012,917) - 4,262,727 23.76%
6/30/2021 1,135,010 (1,135,010) - 4,603,445 24.66%
Safety Plan (Inactive)
6/30/2015 138,527$ (138,527)$ -$ -$ 0.00%
6/30/2016 146,311 (146,311) - - -
6/30/2017 175,023 (175,023) - - -
6/30/2018 219,078 (219,078) - - -
6/30/2019 283,052 (283,052) - - -
6/30/2020 416,795 (416,795) - - -
6/30/2021 462,234 (462,234) - - -
* Measurement date 6/30/2014 (fiscal year 2015) was the first year of implementation. Additional years
will be presented as information becomes available.
Notes to Schedule:
Change in Benefit Terms: None
1 Covered Payroll is defined as the payroll on which contributions to a pension plan are based, in accordance with
GASB 82.
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Non-Major Governmental Funds
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City of San Jacinto
Combining Balance Sheet
Non-Major Funds
June 30, 2021
CFD #2003-2
Sewer Lift
Gas Tax Measure A Traffic Safety Operations
ASSETS
Cash and investments 57$ 175,856$ 41,848$ -$
Receivables, net:
Accounts - - - -
Taxes and assessments - - - 504
Due from other governments 38,368 352,052 11,050 -
Advances receivable - 1,381,109 55,200 -
Total assets 38,425$ 1,909,017$ 108,098$ 504$
LIABILITIES
Accounts payable -$ -$ 3,099$ 304$
Accrued payroll - - - -
Due to other funds - - - -
Unearned revenue - - - -
Total liabilities - - 3,099 304
DEFERRED INFLOWS OF RESOURCES
Unavailable revenue - - - -
FUND BALANCES
Restricted 38,425 1,909,017 104,999 200
Unassigned - - - -
Total fund balances (deficit) 38,425 1,909,017 104,999 200
Total liabilities, deferred inflows
of resources and fund balances 38,425$ 1,909,017$ 108,098$ 504$
Special Revenue Funds
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Continued
Park Parkway State Asset Public Safety
LLPD #1 Development Development CSA 152 Seizure Sales Tax
155,596$ 33,369$ 21,296$ 250$ 114,201$ -$
- - - 25,151 - -
10,881 - - - - -
- - - 205,518 - 31,788
- - - - - -
166,477$ 33,369$ 21,296$ 230,919$ 114,201$ 31,788$
56,798$ -$ -$ 2,385$ -$ -$
- - - - - -
- - - 179,500 - -
- - - - - -
56,798 - - 181,885 - -
- - - - - -
109,679 33,369 21,296 49,034 114,201 31,788
- - - - - -
109,679 33,369 21,296 49,034 114,201 31,788
166,477$ 33,369$ 21,296$ 230,919$ 114,201$ 31,788$
Special Revenue Funds
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City of San Jacinto
Combining Balance Sheet
Non-Major Funds
June 30, 2021
SB 621
AB3229 Gaming
Air Quality COPS Fire Impact
Improvement Program Mitigation Grants
ASSETS
Cash and investments 181,994$ 16,687$ 666,808$ -$
Receivables, net:
Accounts - - - -
Taxes and assessments - - - -
Due from other governments 16,942 - - -
Advances receivable - - - -
Total assets 198,936$ 16,687$ 666,808$ -$
LIABILITIES
Accounts payable -$ -$ -$ -$
Accrued payroll - - - -
Due to other funds - - - -
Unearned revenue - 16,667 - -
Total liabilities - 16,667 - -
DEFERRED INFLOWS OF RESOURCES
Unavailable revenue - - - -
FUND BALANCES
Restricted 198,936 20 666,808 -
Unassigned - - - -
Total fund balances (deficit) 198,936 20 666,808 -
Total liabilities, deferred inflows
of resources and fund balances 198,936$ 16,687$ 666,808$ -$
Special Revenue Funds
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Continued
Federal Developer
Special District Asset Impact
AB1600 Administration Seizure Fees
503,971$ 104,051$ 35,546$ 2,803,406$
- - - -
- - - -
- - - -
- - - 823,435
503,971$ 104,051$ 35,546$ 3,626,841$
-$ 7,512$ -$ 10,261$
- 12,661 - -
- - - -
- - -
- 20,173 - 10,261
- - - -
503,971 83,878 35,546 3,616,580
- - - -
503,971 83,878 35,546 3,616,580
503,971$ 104,051$ 35,546$ 3,626,841$
Special Revenue Funds
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City of San Jacinto
Combining Balance Sheet
Non-Major Funds
June 30, 2021
Vandalism
& Graffiti
Reward RMRA CDBG CFD 2018-1
ASSETS
Cash and investments 40,553$ 1,097,417$ -$ 9,503$
Receivables, net:
Accounts 39,412 - - -
Taxes and assessments - - - -
Due from other governments - 172,386 - -
Advances receivable - 968,315 - -
Total assets 79,965$ 2,238,118$ -$ 9,503$
LIABILITIES
Accounts payable -$ -$ -$ -$
Accrued payroll - - - -
Due to other funds - - - -
Unearned revenue - - - -
Total liabilities - - - -
DEFERRED INFLOWS OF RESOURCES
Unavailable revenue 39,412 - - -
FUND BALANCES
Restricted 40,553 2,238,118 - 9,503
Unassigned - - - -
Total fund balances (deficit) 40,553 2,238,118 - 9,503
Total liabilities, deferred inflows
of resources and fund balances 79,965$ 2,238,118$ -$ 9,503$
Special Revenue Funds
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Continued
Total
Special
CFD #2021-1 DIF Art in Revenue
CFD 2017-1 CFD 2020-1 Public Safety Public Places Funds
42,596$ 711$ -$ 23,065$ 6,068,781$
- - - - 64,563
- - - - 11,385
- - - - 828,104
- - - - 3,228,059
42,596$ 711$ -$ 23,065$ 10,200,892$
-$ -$ -$ 1,739$ 82,098$
- - - - 12,661
- - 2,500 - 182,000
- - - - 16,667
- - 2,500 1,739 293,426
- - - - 39,412
42,596 711 - 21,326 9,870,554
- - (2,500) - (2,500)
42,596 711 (2,500) 21,326 9,868,054
42,596$ 711$ -$ 23,065$ 10,200,892$
Special Revenue Funds
4.1.a
Packet Pg. 313 Attachment: 2021 Financial Statements (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
-84-
City of San Jacinto
Combining Balance Sheet
Non-Major Funds
June 30, 2021
Underground Flood Traffic
Utility Control Signalization
ASSETS
Cash and investments 1,170,247$ 1,406$ 158,001$
Receivables, net:
Accounts - - -
Taxes and assessments - - -
Due from other governments - - -
Advances receivable - 1,154,753 -
Total assets 1,170,247$ 1,156,159$ 158,001$
LIABILITIES
Accounts payable -$ -$ -$
Accrued payroll - - -
Due to other funds - - -
Due to other governments - - -
Unearned revenue - - -
Total liabilities - - -
DEFERRED INFLOWS OF RESOURCES
Unavailable revenue - - -
FUND BALANCES
Restricted - - -
Assigned 1,170,247 - 158,001
Unassigned - 1,156,159 -
Total fund balances (deficit) 1,170,247 1,156,159 158,001
Total liabilities, deferred inflows
of resources and fund balances 1,170,247$ 1,156,159$ 158,001$
Capital Projects
4.1.a
Packet Pg. 314 Attachment: 2021 Financial Statements (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
-85-
Continued
Debt Service Total
Highway 79 TUMF Total Assessment Non-Major
Capital Capital Capital Projects District 87-1 Governmental
Projects Projects Funds Debt Service Funds
-$ -$ 1,329,654$ -$ 7,398,435$
- - - - 64,563
- - - 1,084,259 1,095,644
- 81,901 81,901 - 910,005
173,084 - 1,327,837 - 4,555,896
173,084$ 81,901$ 2,739,392$ 1,084,259$ 14,024,543$
-$ -$ -$ -$ 82,098$
- - - - 12,661
- 90,827 90,827 314,919 587,746
- - - 144,128 144,128
- - - - 16,667
- 90,827 90,827 459,047 843,300
- - - 1,084,259 1,123,671
- - - - 9,870,554
173,084 - 1,501,332 - 1,501,332
- (8,926) 1,147,233 (459,047) 685,686
173,084 (8,926) 2,648,565 (459,047) 12,057,572
173,084$ 81,901$ 2,739,392$ 1,084,259$ 14,024,543$
Capital Projects
4.1.a
Packet Pg. 315 Attachment: 2021 Financial Statements (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
-86-
City of San Jacinto
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Non-Major Funds
For the Year Ended June 30, 2021
CFD #2003-2
Sewer Lift
Gas Tax Measure A Traffic Safety Operations
REVENUES
Taxes -$ -$ -$ -$
Assessments - - - 21,262
Fines and forfeitures - - 42,571 -
Development fees - - - -
Intergovernmental 1,130,445 1,220,369 - -
Investment earnings 3,000 43,188 - 39
Other - - - -
Total revenues 1,133,445 1,263,557 42,571 21,301
EXPENDITURES
Current:
General government - - - -
Public safety - - 43,242 -
Public works 1,455,624 62,000 13,354 21,271
Community development - - - -
Culture and leisure - - - -
Capital outlay - - - -
Total expenditures 1,455,624 62,000 56,596 21,271
Excess (deficiency) of revenues
over (under) expenditures (322,179) 1,201,557 (14,025) 30
OTHER FINANCING SOURCES (USES)
Proceeds from sale of property - - - -
Transfers in - - - -
Transfers out (149,028) (2,683,492) - -
Total other financing sources (uses) (149,028) (2,683,492) - -
Net change in fund balances (471,207) (1,481,935) (14,025) 30
Fund balances (deficit), beginning of year 509,632 3,390,952 119,024 170
Fund balances, end of year 38,425$ 1,909,017$ 104,999$ 200$
Special Revenue Funds
4.1.a
Packet Pg. 316 Attachment: 2021 Financial Statements (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
-87-
Continued
Park Parkway State Asset Public Safety
LLPD #1 Development Development CSA 152 Seizure Sales Tax
-$ -$ -$ -$ -$ 333,066$
661,621 - - - - -
- - - 483,005 - -
- - - - - -
- - - 218,161 - -
- 410 262 520 1,431 -
- - - - - -
661,621 410 262 701,686 1,431 333,066
2,792 - - - - -
- - - - - -
- - - 480,597 - -
- - - - - -
549,150 - - - - -
- - - - 2,526 -
551,942 - - 480,597 2,526 -
109,679 410 262 221,089 (1,095) 333,066
- - - - - -
- - - - - -
- - - (221,089) - (320,576)
- - - (221,089) - (320,576)
109,679 410 262 - (1,095) 12,490
- 32,959 21,034 49,034 115,296 19,298
109,679$ 33,369$ 21,296$ 49,034$ 114,201$ 31,788$
Special Revenue Funds
4.1.a
Packet Pg. 317 Attachment: 2021 Financial Statements (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
-88-
City of San Jacinto
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Non-Major Funds
For the Year Ended June 30, 2021
SB 621
AB3229 Gaming
Air Quality COPS Fire Impact
Improvement Program Mitigation Grants
REVENUES
Taxes -$ -$ -$ -$
Assessments - - - -
Fines and forfeitures - - - -
Development fees - - - -
Intergovernmental 66,631 156,727 - 39,385
Investment earnings 1,801 974 8,194 318
Other - - - -
Total revenues 68,432 157,701 8,194 39,703
EXPENDITURES
Current:
General government - - - -
Public safety - 157,828 - -
Public works 6,000 - - -
Community development 994 - - -
Culture and leisure - - - -
Capital outlay - - - -
Total expenditures 6,994 157,828 - -
Excess (deficiency) of revenues
over (under) expenditures 61,438 (127) 8,194 39,703
OTHER FINANCING SOURCES (USES)
Proceeds from sale of property 4,002 - - -
Transfers in - - - -
Transfers out - - - (53,189)
Total other financing sources (uses) 4,002 - - (53,189)
Net change in fund balances 65,440 (127) 8,194 (13,486)
Fund balances, beginning of year 133,496 147 658,614 13,486
Fund balances, end of year 198,936$ 20$ 666,808$ -$
Special Revenue Funds
4.1.a
Packet Pg. 318 Attachment: 2021 Financial Statements (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
-89-
Continued
Federal Developer
Special District Asset Impact
AB1600 Administration Seizure Fees
-$ -$ -$ -$
- - - -
- - - -
10,890 9,800 - 493,788
- - - -
6,373 - 437 47,220
- 376,861 - -
17,263 386,661 437 541,008
- - - -
- - - -
- - - 2,088
- 390,845 - -
- - - 8,844
- - - 21,280
- 390,845 - 32,212
17,263 (4,184) 437 508,796
- - - -
- - - -
(51,935) (12,932) - (434,148)
(51,935) (12,932) - (434,148)
(34,672) (17,116) 437 74,648
538,643 100,994 35,109 3,541,932
503,971$ 83,878$ 35,546$ 3,616,580$
Special Revenue Funds
4.1.a
Packet Pg. 319 Attachment: 2021 Financial Statements (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
-90-
City of San Jacinto
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Non-Major Funds
For the Year Ended June 30, 2021
Vandalism
& Graffiti
Reward RMRA CDBG CFD 2018-1
REVENUES
Taxes -$ -$ -$ -$
Assessments - - - 1,555
Fines and forfeitures - - - -
Development fees - - - -
Intergovernmental - 945,985 106,098 -
Investment earnings - 20,969 - 120
Other - - - -
Total revenues - 966,954 106,098 1,675
EXPENDITURES
Current:
General government - - - -
Public safety - - - -
Public works - - - -
Community development - - - 3,203
Culture and leisure - - - -
Capital outlay - - - -
Total expenditures - - - 3,203
Excess (deficiency) of revenues
over (under) expenditures - 966,954 106,098 (1,528)
OTHER FINANCING SOURCES (USES)
Proceeds from sale of property - - - -
Transfers in - - 9,666 -
Transfers out - (102,951) (101,898) -
Total other financing sources (uses) - (102,951) (92,232) -
Net change in fund balances - 864,003 13,866 (1,528)
Fund balances (deficit), beginning of year 40,553 1,374,115 (13,866) 11,031
Fund balances (deficit), end of year 40,553$ 2,238,118$ -$ 9,503$
Special Revenue Funds
4.1.a
Packet Pg. 320 Attachment: 2021 Financial Statements (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
-91-
Continued
Total
Special
CFD #2021-1 DIF Art in Revenue
CFD 2017-1 CFD 2020-1 Public Safety Public Places Funds
-$ -$ -$ -$ 333,066$
- 801 - - 685,239
- - - - 525,576
- - - 23,000 537,478
- - - - 3,883,801
540 3 - 65 135,864
- - - - 376,861
540 804 - 23,065 6,477,885
- - - - 2,792
- - - - 201,070
- - - - 2,040,934
3,218 93 2,500 - 400,853
- - - - 557,994
- - - 1,739 25,545
3,218 93 2,500 1,739 3,229,188
(2,678) 711 (2,500) 21,326 3,248,697
- - - - 4,002
- - - - 9,666
- - - - (4,131,238)
- - - - (4,117,570)
(2,678) 711 (2,500) 21,326 (868,873)
45,274 - - - 10,736,927
42,596$ 711$ (2,500)$ 21,326$ 9,868,054$
Special Revenue Funds
4.1.a
Packet Pg. 321 Attachment: 2021 Financial Statements (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
-92-
City of San Jacinto
Combining Statement of Revenues, Expenditures and Changes in Fund Balances
Non-Major Funds
For the Year Ended June 30, 2021
Underground Flood Traffic
Utility Control Signalization
REVENUES
Taxes -$ -$ -$
Assessments - - -
Fines and forfeitures - - -
Development fees - 302,170 -
Intergovernmental - 460,000 -
Investment earnings 14,380 14,454 1,942
Other - - -
Total revenues 14,380 776,624 1,942
EXPENDITURES
Current:
General government - - -
Public safety - - -
Public works - 13,916 -
Community development - - -
Culture and leisure - - -
Capital outlay - - -
Total expenditures - 13,916 -
Excess (deficiency) of revenues
over (under) expenditures 14,380 762,708 1,942
OTHER FINANCING SOURCES (USES)
Proceeds from sale of property - - -
Transfers in - - -
Transfers out - (485,199) -
Total other financing sources (uses) - (485,199) -
Net change in fund balances 14,380 277,509 1,942
Fund balances (deficit), beginning of year 1,155,867 878,650 156,059
Fund balances (deficit), end of year 1,170,247$ 1,156,159$ 158,001$
Capital Projects
4.1.a
Packet Pg. 322 Attachment: 2021 Financial Statements (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
-93-
Continued
Debt Service Total
Highway 79 TUMF Total Assessment Non-Major
Capital Capital Capital Projects District 87-1 Governmental
Projects Projects Funds Debt Service Funds
-$ -$ -$ -$ 333,066$
- - - - 685,239
- - - - 525,576
- - 302,170 - 839,648
- 143,415 603,415 - 4,487,216
- - 30,776 - 166,640
- - - - 376,861
- 143,415 936,361 - 7,414,246
- - - 2,050 4,842
- - - - 201,070
- - 13,916 - 2,054,850
- - - - 400,853
- - - - 557,994
- - - - 25,545
- - 13,916 2,050 3,245,154
- 143,415 922,445 (2,050) 4,169,092
- - - - 4,002
- - - - 9,666
(68,071) (63,498) (616,768) - (4,748,006)
(68,071) (63,498) (616,768) - (4,734,338)
(68,071) 79,917 305,677 (2,050) (565,246)
241,155 (88,843) 2,342,888 (456,997) 12,622,818
173,084$ (8,926)$ 2,648,565$ (459,047)$ 12,057,572$
Capital Projects
4.1.a
Packet Pg. 323 Attachment: 2021 Financial Statements (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
This page left intentionally blank
4.1.a
Packet Pg. 324 Attachment: 2021 Financial Statements (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
To the Honorable City Council
City of San Jacinto
We have audited the financial statements of the governmental activities,
the business-type activities, each major fund, and the aggregate
remaining fund information of the City of San Jacinto (the City) for the
year ended June 30, 2021. Professional standards require that we
advise you of the following matters relating to our audit.
Our Responsibility in Relation to the Financial Statement Audit
As communicated in our engagement letter dated June 22, 2021, our
responsibility, as described by professional standards, is to form and
express an opinion about whether the financial statements that have
been prepared by management with your oversight are presented fairly,
in all material respects, in accordance with accounting principles
generally accepted in the United States of America and Government
Auditing Standards. Our audit of the financial statements does not
relieve you or management of your respective responsibilities.
Our responsibility, as prescribed by professional standards, is to plan
and perform our audit to obtain reasonable, rather than absolute,
assurance about whether the financial statements are free of material
misstatement. An audit of financial statements includes consideration of
internal control over financial reporting as a basis for designing audit
procedures that are appropriate in the circumstances, but not for the
purpose of expressing an opinion on the effectiveness of the City’s
internal control over financial reporting. Accordingly, as part of our audit,
we considered the internal control of the City solely for the purpose of
determining our audit procedures and not to provide any assurance
concerning such internal control.
We are also responsible for communicating significant matters related to
the audit that are, in our professional judgment, relevant to your
responsibilities in overseeing the financial reporting process. However,
we are not required to design procedures for the purpose of identifying
other matters to communicate to you.
Planned Scope and Timing of the Audit
We conducted our audit consistent with the planned scope and timing
we previously communicated to you.
4.1.b
Packet Pg. 325 Attachment: SAS 114 (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
The Honorable City Council
City of San Jacinto Page 2
Compliance with All Ethics Requirements Regarding Independence
The engagement team, others in our firm, as appropriate, and our firm have complied with all
relevant ethical requirements regarding independence.
Significant Risks Identified
We have identified the following significant risks:
Management’s override of internal controls over financial reporting.
Management’s failure to recognize revenue in accordance with generally accepted
accounting principles.
Although identified as significant risk, we noted no matters which caused us to modify our
procedures or any matters which are required to be communicated to those charged with
governance due to these identified risks.
Qualitative Aspects of the City’s Significant Accounting Practices
Significant Accounting Policies
Management has the responsibility to select and use appropriate accounting policies. A summary of
the significant accounting policies adopted by the City is included in Note 1 to the financial
statements. As described in Note 1 to the financial statements, during the year, the City changed its
method of accounting for Fiduciary Activities by adopting Governmental Accounting Standards
Board (GASB) Statement No. 84, Fiduciary Activities. No matters have come to our attention that
would require us, under professional standards, to inform you about (1) the methods used to account
for significant unusual transactions and (2) the effect of significant accounting policies if controversial
or emerging areas for which there is a lack of authoritative guidance or consensus.
Significant Accounting Estimates
Accounting estimates are an integral part of the financial statements prepared by management and
are based on management’s knowledge and experience about past and current events, and
assumptions about future events. Certain accounting estimates are particularly sensitive because of
their significance to the financial statements and because of the possibility that future events
affecting them may differ markedly of management’s current judgments.
The most sensitive accounting estimates affecting the City’s financial statements are:
Management’s estimate of the fair value of investments is based on information provided
by financial institutions. We evaluated the key factors and assumptions used to develop
the fair value of investments in determining that it is reasonable in relation to the financial
statements taken as a whole.
Management’s estimate of the depreciation expenses is based on historical estimates of
each capitalized item’s useful life. We evaluated the key factors and assumptions used to
develop the estimated useful lives in determining that it is reasonable in relation to the
financial statements taken as a whole.
4.1.b
Packet Pg. 326 Attachment: SAS 114 (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
The Honorable City Council
City of San Jacinto Page 3
Management’s estimate of the net pension liability and related deferred inflows and
outflows is based on actuarial reports provided by independent actuaries. We evaluated
the key factors and assumptions used to develop the estimate in determining that it is
reasonable in relation to the financial statements taken as a whole.
Financial Statement Disclosures
Certain financial statement disclosures are particularly sensitive because of their significance to
financial statement users. The most sensitive disclosures affecting the City’s financial statements
relate to:
The disclosure of the fair value of investments in the notes to the financial statements
represents amounts susceptible to market fluctuations.
The disclosure of accumulated depreciation in the notes to the financial statements is
based on estimated useful lives which could differ from actual useful lives of each
capitalized item.
The disclosure of net pension liability and related deferred inflows and outflows in the
notes to the financial statements is based on actuarial assumptions. Actual future
liabilities may vary from disclosed estimates.
Significant Difficulties Encountered during the Audit
We encountered no significant difficulties in dealing with management relating to the performance of
the audit.
Uncorrected and Corrected Misstatements
For purposes of this communication, professional standards require us to accumulate all known and
likely misstatements identified during the audit, other than those that we believe are trivial, and
communicate them to the appropriate level of management. Further, professional standards require
us to also communicate the effect of uncorrected misstatements related to prior periods on the
relevant classes of transactions, account balances or disclosures, and the financial statements as a
whole and each applicable opinion unit. Management has corrected all material misstatements.
In addition, professional standards require us to communicate to you all material, corrected
misstatements that were brought to the attention of management as a result of our audit procedures.
None of the misstatements identified by us as a result of our audit procedures and corrected by
management were material, either individually or in the aggregate, to the financial statements taken
as a whole.
Disagreements with Management
For purposes of this letter, professional standards define a disagreement with management as a
matter, whether or not resolved to our satisfaction, concerning a financial accounting, reporting, or
auditing matter, which could be significant to the City’s financial statements or the auditor’s report.
No such disagreements arose during the course of the audit.
4.1.b
Packet Pg. 327 Attachment: SAS 114 (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
The Honorable City Council
City of San Jacinto Page 4
Representations Requested from Management
We have requested certain written representations from management, which are included in the
attached letter dated April 28, 2022.
Management’s Consultations with Other Accountants
In some cases, management may decide to consult with other accountants about auditing and
accounting matters. Management informed us that, and to our knowledge, there were no
consultations with other accountants regarding auditing and accounting matters.
Other Significant Matters, Findings, or Issues
In the normal course of our professional association with the City, we generally discuss a variety of
matters, including the application of accounting principles and auditing standards, operating and
regulatory conditions affecting the City, and operational plans and strategies that may affect the risks
of material misstatement. None of the matters discussed resulted in a condition to our retention as
the City’s auditors.
Other Matters
We applied certain limited procedures to Management’s Discussion and Analysis, the Schedule of
the City’s Proportionate Share of the Plan’s Net Pension Liability and Related Ratios as of the
Measurement Date, the Schedule of Plan Contributions, and the budgetary comparison information
for the General Fund, and major special revenue funds, which are Required Supplementary
Information (RSI) that supplements the basic financial statements. Our procedures consisted of
inquiries of management regarding the methods of preparing the information and comparing the
information for consistency with management’s responses to our inquiries, the basic financial
statements, and other knowledge we obtained during our audit of the basic financial statements. We
did not audit the RSI and do not express an opinion or provide any assurance on the RSI.
We were engaged to report on Supplementary Information, which accompany the financial
statements but are not RSI. With respect to this Supplementary Information, we made certain
inquiries of management and evaluated the form, content, and methods of preparing the information
to determine that the information complies with accounting principles generally accepted in the
United States of America, the method of preparing it has not changed from the prior period, and the
information is appropriate and complete in relation to our audit of the financial statements. We
compared and reconciled the Supplementary Information to the underlying accounting records used
to prepare the financial statements or to the financial statements themselves.
This report is intended solely for the information and use of the City Council and management of the
City and is not intended to be and should not be used by anyone other than these specified parties.
Very truly yours,
April 28, 2022
4.1.b
Packet Pg. 328 Attachment: SAS 114 (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
4.1.bPacket Pg. 329Attachment: SAS 114 (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
4.1.bPacket Pg. 330Attachment: SAS 114 (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
4.1.bPacket Pg. 331Attachment: SAS 114 (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
4.1.bPacket Pg. 332Attachment: SAS 114 (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
4.1.bPacket Pg. 333Attachment: SAS 114 (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING
AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT
OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH
GOVERNMENT AUDITING STANDARDS
Independent Auditor’s Report
To the Honorable City Council
City of San Jacinto
We have audited, in accordance with the auditing standards generally
accepted in the United States of America and the standards applicable to
financial audits contained in Government Auditing Standards issued by the
Comptroller General of the United States, the financial statements of the
governmental activities, the business-type activities, each major fund, and
the aggregate remaining fund information of the City of San Jacinto (the
City), California as of and for the year ended June 30, 2021, and the related
notes to the financial statements, which collectively comprise the City’s
basic financial statements, and have issued our report thereon dated
April 28, 2022.
Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we
considered the City’s internal control over financial reporting (internal
control) to determine the audit procedures that are appropriate in the
circumstances for the purpose of expressing our opinions on the financial
statements, but not for the purpose of expressing an opinion on the
effectiveness of the City’s internal control. Accordingly, we do not express
an opinion on the effectiveness of the City’s internal control.
A deficiency in internal control exists when the design or operation of a
control does not allow management or employees, in the normal course of
performing their assigned functions, to prevent, or detect and correct,
misstatements on a timely basis. A material weakness is a deficiency, or a
combination of deficiencies, in internal control, such that there is a
reasonable possibility that a material misstatement of the entity’s financial
statements will not be prevented, or detected and corrected on a timely
basis. A significant deficiency is a deficiency, or a combination of
deficiencies, in internal control that is less severe than a material weakness,
yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in
the first paragraph of this section and was not designed to identify all
deficiencies in internal control that might be material weaknesses or,
significant deficiencies. Given these limitations, during our audit we did not
identify any deficiencies in internal control that we consider to be material
weaknesses. However, material weaknesses may exist that have not been
identified.
4.1.c
Packet Pg. 334 Attachment: GAS Report (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)
The Honorable City Council
City of San Jacinto Page 2
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the City’s financial statements are free from
material misstatement, we performed tests of its compliance with certain provisions of laws, regulations,
contracts, and grant agreements, noncompliance with which could have a direct and material effect on
the determination of financial statement amounts. However, providing an opinion on compliance with
those provisions was not an objective of our audit, and accordingly, we do not express such an opinion.
The results of our tests disclosed no instances of noncompliance or other matters that are required to be
reported under Government Auditing Standards.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance
and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal
control or on compliance. This report is an integral part of an audit performed in accordance with
Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly,
this communication is not suitable for any other purpose.
San Bernardino, California
April 28, 2022
4.1.c
Packet Pg. 335 Attachment: GAS Report (Annual Financial Report, SAS 114 Report and GAS Report for the Fiscal Year Ended June 30, 2021)